Full text of Survey of Current Business : March 1937
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MARCH 1937
SURVEY
OF
S
C
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 17
NUMBER 3
A General
Revision
of the Statistics presented on pages 22-56, inclusive,
was made in the January 1937 issue. With this change the data in the monthly numbers are in accord with the series in the
1936 Supplement, except for the changes made since the Supplement went to press; these latter are indicated by footnotes
In this issue. A list of the new data added and the data discontinued is given below. The pages indicated for the new
series refer to the January issue, while the pages given for the discontinued series refer to the December 1936 issue.
Data Added
page
Construction cost indexes ( E . H . Boeckh a n d Associates). _
Real estate foreclosure indexes—metropolitan cities and nonfarm real estate
.
Federal savings a n d loan associations—total number of
associations, number of associations reporting, and loans
outstanding
__.
Air mail—amount transported
.
Rural sales of general merchandise indexes, unadjusted a n d
^ a d j u s t e d , by geographic divisions
.
.__
Factory employment (Board of Governors of the Federal
Reserve System), adjusted indexes of durable and nondurable goods, and aluminum manufactures and beverages. _
E m p l o y m e n t indexes, Wilmington, Delaware
„
Employment, nonmanufacturing, division of retail trade
group
Employment, Class I steam railways, unadjusted a n d
adjusted indexes
«
__
United States Employment Service, private placements.
Labor turnover, total separation rate
.
P a y roll indexes, Wilmington, Delaware
P a y rolls, nonmanufacturing, division of retail trade groupCorporation profits, indexes, unadjusted a n d adjusted
(Standard Statistics Co., Inc.)
Obligations of t h e Federal F a r m Mortgage Corporation,
Home Owners* Loan Corporation, and the Reconstruction
Finance Corporation, fully guaranteed by t h e U. S.
Government
New securities effectively registered with the Securities and
Exchange Commission, number of issues by type of securityBond prices, 15 municipal issues
Bond yields, 45 corporate issues
Stock yields, 200 stocks, by groups
„
Exports and imports of United States merchandise, indexes
unadjusted, quantity, value, and unit value
Hotels, restaurant sales index
„
Sulphur production, Louisiana
Powdered milk production
„
Barley, corn, a n d oats, domestic commercial stocks
Rice, California, receipts, shipments, and stocks
Wheat, Canadian stocks and domestic stocks in t h e United
States
Tea stocks in the United Kingdom
Edible gelatin (7 companies) production, shipments, and stocksBituminous coal consumption by industries
Bituminous coal stocks, by industries
Byproduct coke stocks at furnaces and at merchant plants.
Gasoline, total stocks of finished gasoline, and stocks of
natural gasoline
Western pine lumber, new and unfilled orders, production,
shipments, and stocks
Ponderosa pine lumber, common, wholesale price
West Coast woods (lumber), new and unfilled orders, production, shipments, and stocks
.
Convection type radiators (cast iron), sales
Copper imports, for smelting, refining, and export; product
of Cuba and the Philippine Islands; all other imports
Electric furnaces, value of new orders
Electric motors, shipments and new orders of AC and DC
type motors
...
Power cables, value of shipments
Electric ranges, value of billed sales
Brass and bronze ingots, unfilled orders
25
25
25
26
27
Page
Single and double texture, rubber proofed fabrics, productionCommon brick, wholesale composite price
Face brick, shipments and stocks
Rayon, producers' stocks
Wool consumption (scoured, carpet basis)
Vessels under construction, steam and motor, and unrigged
types
Vessels launched, steam, motor, unrigged, and steel types.
Life insurance sales, Canada
52
53
53
54
54
56
56
56
Data Discontinued
28
29
29
29
29
29
30
31
34
34
35
35
36
36
37
3&
39
42
42
42
43
44
44
45
45
45
46
47
47
47
48
50
50
50
50
50
51
Industrial production indexes, unadjusted and adjusted,
lumber, paper and printing series
22
Domestic stock indexes, manufactured goods, iron and steel,
leather, nonferrous metals, stone, clay, and glass products,
and leather series...
25
Real estate foreclosures, number
25
Home Owners' Loan Corporation—number of applications
received and number and value of loans closed
25
Employment and pay-roll indexes, unadjusted (U. S.
Department of Labor), turpentine and rosin industry.-. 27, 29
Ratio to market value of brokers' loans
32
Foreign bond prices (New York Trust Co.)
35
Bond yields, 60 bonds (Standard Statistics Co. Inc.)
36
Powdered milk, net new orders.
42
Visible supply of bailey, corn, oats, and wheat in the United
States and wheat in Canada, Dun's Review
43
Bituminous coal consumption, at coke and electric light
plants and by railroads
46
Douglas fir lumber, production, shipments, new and unfilled
orders
48
Northern pine lumber, new orders, production, and shipments. 48
Porcelain plumbing fixtures, shipments, new and unfilled
orders, and stocks
50
Vitreous china plumbing fixtures, shipments, new and
unfilled orders, and stocks
.
50
Tin and terne plate production.
51
Air conditioning equipment, new orders, total and airwasher group
51
Imports of ore and blister copper
52
Manufactured mica, unfilled orders
52
Panel boards and cabinets, shipments
52
Electrical porcelain, special and standard, shipments
52
Industrial reflectors, sales
52
Welding sets, new orders
52
Damaged and off quality, and miscellaneous wood pulp,
consumption and shipments, production and stocks
53
Solid and cushion tires, production, and total and domestic
shipments and stocks
55
Rubber bands, shipments
55
Rubber proofed fabrics, total production and production of
raincoat and automobile fabrics
,
.
55
Rubber flooring shipments
55
Rubber heels and soles, production, shipments, and stocks.. 55
Mechanical rubber goods, shipments
55
Wholesale price of common brick
56
Face brick, unfilled orders, production, shipments, and stocks. 56
Sand lime brick, unfilled orders, production, shipments, and
stocks
.
56
Illuminating glassware, percent of full operation
56
Rayon, imported stocks
57
Total wool^consumption (grease equivalent basis)
57
In addition to the series that were either added in the January 1937 issue or discontinued with the December 1936 issue,
other major changes in the identity of some of the series were made. These are shown below with the indicated page
number on which they appear in this issue. For a description of changes made refer to the footnotes in the 1936
Supplement and in the January and February 1937 issues.
Highway and grade crossing construction
Radio and magazine advertising cost
Agricultural loans outstanding
Electric power production, other producers
Rye, commercial domestic stocks
Boot, shoe, and slipper production
Maple, birch, and beech flooring, new and unfilled orders, production,
shipments, and stocks
Southern pine lumber, new and unfilled orders, production, shipments,
and stocks
-
25
26
31,32
41
43
46
47
47
Douglas fir flooring, wholesale prices of common boards and flooring
Pulverizers, new orders
Mechanical stokers, sales
Tin, world stocks
Wood pulp, consumption and shipments and production, all groups
Rubber consumption
Tires and tubes, production, shipments, and stocks
Fabric consumption in tire manufacture
__
Rubber and canvas footwear, production, shipments, and stocks
Vessels, officially numbered
.
47
49
49
50
51
52
52
52
52
56
UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
ALEXANDER V. DYE, Director
SURVEY OF
CURRENT BUSINESS
Prepared in the
DIVISION OF ECONOMIC RESEARCH
ROY G. BLAKEY, Chief
M. JOSEPH MEEHAN, Editor
MARCH 1937
Volume 17
Number 3
CONTENTS
SUMMARIES AND CHARTS
Page
2
Business indicators
Business situation summarized
Graphic comparison of principal data
Domestic trade
Employment
Finance
Foreign trade
Real estate and construction
Transportation
Survey of individual industries:
Automobiles and rubber
Forest products
Iron and steel
Textile Industries
3
4
5
6
7
8
9
10
11
12
13
14
SPECIAL ARTICLE
Commodity price movements in 1936
15
STATISTICAL DATA
New or revised series:
Table 12. Revised indexes of factory employment, with and without adjustment for seasonal variation, in electric and steam
railroad car manufacturing, in the agricultural implement
industry, and in the transportation, machinery, iron and steel,
durable, nondurable, and all manufacturing industry groups,
1934-36
Table 13. Revised indexes of factory pay rolls, without adjustment for seasonal variation, for the same series as indicated in
table 12
Weekly business indicators, 1936
Weekly business statistics through February 27
19
19
20
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
Page
22
23
24
25
27
31
37
37
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metals and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
General index.
39
41
41
45
46
47
48
49
50
51
52
53
53
55
56
Inside back cover
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS is 31-50 a year. Single-copy price: Monthly, 10 cents: weekly, 5 cents.
Foreign subscriptions, 33. Price of the 1936 Supplement is 35 cents. Make remittances only to
Superintendent of Documents, Washington, D. C.
126236—37
1
1
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
March 1937
Business Indicators
1923-25=100, except as noted
RURAL SALES OF GENERAL MERCHANDISE
INDUSTRIAL PRODUCTION
150
125
100 \
75
50
25
0 i
125
100
150
125
100
75
50
25
0
Ac/jus fed
i I i I i i
FREIGHT CAR LOADINGS
11 11 1 i 11 i i 11 i i i i 1 11 I i i I 11 i 11 1 i i i i
DEPARTMENT STORE SALES
Adjusted
50
TOTAL (Adjusted)
i i i i i i i
i i 11 i 1111
i i 11 i i i i 1 i i i i 11 11 i i i 11 i 11 i
FACTORY EMPLOYMENT & PAYROLLS
25
0
I 11I I I1
#
Adjusted
25
0
1 1 I I 1 I
CONSTRUCTION CONTRACTS AWARDED
TOIAL
(AC/JL
'stect)
A.
?TSLt?Tt/T/A
L (Adjusted) *
111111111
i i i i
WHOLESALE PRICES
125
100
75
50
*
1 1 I 1 i i 1 i i i i i1 ! 1 1 1 1 1 1 1 1 1 1
25
0
i 11 i i 1 i 11 i i 11 i i i i I 11 i i i I 11 i 11 111 i i i
CASH INCOME FROM FARM MARKETINGS
125
100
75
50
•PAmOILS (Unadjusted)
25
0
Adjusted
75
50
25
0
1 I I I 1 I I1
125
100
/. C. L (Adjusted)
75
Z.
A(L COMMODITIES^
FA/?M PRODUCTS
I
I
I
I
!
1 I
11 i i I i 1 1 i i I i i i i i 1 1 1 i i i I i i i i i I i i i
BANK DEBITS OUTSIDE NEW YORK CITY
FEDERAL RESERVE MEMBER BANK LOANS
150
125
100
75
50
i
01 I 1 I 1 I
1930
1935
1935
ADJUSTED
1
,
1936
FOR SEASONAL VARIATION
NOTE:
1
* REVISED
Indexes are based on dollar
,T
1937
* REPORTING
f i g u r e s , except
industrial
ol
i i i i [ i i
1935
I,,,, 11,,,. 11.11111... 1111111 n
1930
MEMBER BANKS
^1929-31
production, freight-car
loadings
1935
= 100
1936
"*"l924 - 29 = 100
and factory
employment
1937
SURVEY OF CURRENT BUSINESS
March 1937
Business Situation Summarized
industrial output in the aggregate
FEBRUARY
varied but slightly from the January results.
Production of manufactures was maintained at a high
rate, despite the retarding influences exercised, in the
early part of the month, b}^ the labor dispute in the
automobile industry and the aftermath of the flood.
Steel output moved steadily upward; automobile
assemblies rose sharply in the latter half of the month
with the reopening of the plants closed by the labor
dispute, after tending lower in the first 6 weeks of the
year; textile-mill activity has been maintained at an
exceptionally high level; lumber production, which
moved downward during the period of the maritime
strike, has been slow to recover, although the large
volume of unfilled mill orders and the conditions of
stocks assure an expanding rate of production for this
industry over the near future. Bituminous coal
output has increased after being curtailed during the
flood period.
For the first 2 months of 1937 industrial production
has been about one-fifth above the output of the corresponding months of 1936.
In January most of the seasonally adjusted production indexes were lower than in December, but the pig
iron, leather boot and shoe, and crude petroleum series
were important exceptions. Steel production and cotton consumption rose less than the estimated seasonal
amount; automobile and plate-glass production was
curtailed by labor disputes; woolen-mill activity de-
clined and rayon mills continued to operate at capacity.
Aggregate output of manufacturers, without seasonal
adjustment, was slightly lower than in December.
Employment and pay rolls declined in January
mainly as a result of seasonal recessions in retail trade
and in manufacturing industries, but partly due to
labor disputes. The drop in factory employment approximated the usual seasonal change; the reduction of
4.7 percent in factory pay rolls was reported by the
Bureau of Labor Statistics to be slightly more than
seasonal. Cash farm income from marketings in January dropped more than usual owing in part to the drop
in hog marketings. Both agricultural and labor income
in January were much higher than in January 1936.
The index of freight-car loadings, seasonally adjusted,
dropped from 86 in December to 80 in January and
remained unchanged in February. Loadings were
turning upward in the latter half of that month with
the removal of the restrictive influences of floods and
labor disputes which occasioned earlier recessions.
Total retail sales dropped more than usual after the
Christmas rise, although the adjusted index of department-store sales was unchanged from December to
January.
The outlook for the construction industry remains
bright with privately financed work tending upward
during the first 2 months of the current year. Residential and factory construction particularly are moving
well ahead of last year's totals.
MONTHLY BUSINESS INDEXES
j I Factory em- Freight-car
ployment
loadings
and pay rolls4
Industrial production
Unadjusted 1
Adjusted J
Year and month
1929: January
1930: January
1931: January
1932: January
1933: J a n u a r y . _ .
1934: J a n u a r y . _ .
1935*
January
December
1936:
January
February
March
April
May.
June
July....
August
September^..
October
November....
December...
Digitized 1937:
for FRASER
January
h
«
Retail sales,
value,
adjusted 2
MerchanTotal dise,
1. c. 1.
II Iff
117
102
81
70
63
75
114
108
87
74
72
86
119
106
83
72
65
78
120
105
83
71
63
76
116
110
89
77
75
88
88
96
87
96
92
97
90
101
90
101
94
102
96
95
96
104
105
104
105
106
108
111
115
114
95
93
97
105
105
105
105
106
107
110
115
114
100
107
90
95
101
101
102
104
110
115
115
110
97
94
93
101
101
104
108
108
109
110
114
121
96
92
93
100
101
105
109
110
110
111
115
121
112
113
106
115
115
http://fraser.stlouisfed.org/
1
number
Federal ReserveAdjusted
Bank offorSt.
Louisof working days.
Cash farm
income 3
11
II
C 3
P.
It
2
•3
Monthly average, 1923-25 = 100
117
103
82
71
64
77
Foreign
trade, value,
adjusted 2
110
107
99
80
62
73
IS
I
I
Monthly
Monthly
1929average,
average,
31 = 100 Monthly average, 1923-25=100 1924-29=100
1926=100
109.9
95.9
126
113 142.4
120 106.0 106.5
92.5
107.5
106
95 130.2
95
97.5 98.0
78.2
85. 1
64
56 110.0
71
69.5 69.5
67.3
69.3
39
42
80.6
31
51.5 53.5
61.0
56.8
31
29
61.1
22
41.0 44.0
72.2
79.5
45
42
66.9
49
49.5 50.5
103. 0 102.0
99.4 95.9
81.7 74.2
71.0
59.4
64.2 49.4
78.3
54.6
108
100
82
64
56
64
104
101
90
81
69
70
84.1
88.7
65.0
77.6
64
71
65
66
87.5
109.8
45
56
51
58
76.0
94.7
27
68
53.5
72.5
104
111
97
106
102
100
101
99
102
105
112
117
88.8
87.4
87.7
88.6
89.8
90.4
92.8
93.4
93.8
94.4
96.2
98.6
73.8
73.7
77.6
79.3
80.8
81.1
80.2
83.5
83.6
89.0
90.7
95.1
70
70
66
69
70
70
73
70
72
73
80
86
64
62
62
63
64
66
67
67
67
66
67
71
96.3
93.0
106.7
109.9
113.3
112.4
114.7
111.9
123.6
127.1
122. 6
131.0
51
53
51
53
56
55
54
51
55
57
52
57
57
60
55
58
58
62
65
62
70
64
61
76
88.7
80.0
90.6
88.7
86.2
95.7
94.4
86.7
89.1
102.1
93.7
117.8
62
52
47
47
46
52
59
62
59
57
58
66
110
98.8
90.6
80
68
93 106.7
57
74
103.3
64
> Adjusted for seasonal variation.
1
From marketings of farm products.
54.0
67.0
78.8
80.9
65.0
53.0
59.5
58.5
64.0
69.5
84.0
75.0
89.0
104.0
88.5
86.0
66.5
13.0
67.5
19.5
72.5
80.0
18.0
74.5
77.5
76.0
77.5
78.5
80.6
80.6
79.6
79.7
78.6
79.2
80.5
81.6
81.6
81.5
82.4
84.2
74.0
74.5
85.9
< See table on p. 19.
SURVEY OF CURRENT BUSINESS
March 1937
Graphic Comparison of Principal Data
I JANUARY
V//S/\ REMAINDER Of YEAR
BANK DEBITS OUTSIDE NEW YORK CITY
0
5O
IOO
1937
1936
1935
1934
1933
X
(BILLIONS OF DOLLARS)
2OO
J5O
300
35O
JO
12
25O
/
V/////////// f///A
1
J929 •mini
CASH INCOME FROM FARM MARKETINGS ^(BILUONS
O
c>
0
I
3
10
4
6
OF DOLLARS)
8
1937
1936
1935
1934
1933
1929
CONSTRUCTION (
CONTRACTS AWARDED
2!
3
(BILLIONS OF DOLLARS)
A
5
6
1937
1936
1935
1934
1933
1929
STEEL INGOT PRODUCTION
1937
1936
1935
1934
1933
1929
ZO
(MILLIONS OF TONS)
30
40
50
60
sssss
AUTOMOBILE PRODUCTION
2
3
(MILLIONS OF CARS)
4-
5
6
5O
60
1937
1936
1935
1934
1933
1929
FREIGHT CAR LOADINGS
(5
10
1937
1936
1935
SzzzzzzJ
1933
.zzzzzzzz,
1929
20
(MILLIONS OF CARS )
30
40
////////////
INCLUDES BENEFIT PAYMENTS BEGINNING AUGUST 1933, AND AGRICULTURE CONSERVATION PAYMENTS BEGINNING OCT. 1936
D.D.9O2S
SURVEY OF CURRENT BUSINESS
March 1937
Domestic Trade
T
HE decline in retail sales during January exceeded
the usual seasonal change, according to the indexes
now available. For department stores, the recession
was no more than seasonal but for the chain stores and
mail-order houses, as well as for automobile salesrooms,
the decline was more than seasonal. Sales for the
month continued to run well ahead of those of the
preceding year, with the following percentage gains
indicated by the available indexes: Department stores,
16; rural sales of general merchandise, 11; variety stores,
3.8; and chain grocery stores, 4.7 percent.
Estimates of the value of retail and wholesale trade
in 1936, by kinds of business, have recently been
completed by the Bureau of Foreign and Domestic
Commerce. These have been presented in detail in
two reports which may be secured without charge by
addressing a request to the Bureau.
Retail trade for 1936 was estimated at $37,940,000,000, an increase of 14.5 percent over the 1935 census
figures of $33,161,000,000, and only fractionally higher
than the increase tentatively quoted in the January
issue of the Survey. The largest relative increase in
sales for 1936 was reported for the building materials
group with an increase of 27 percent, followed by the
furniture and household and automotive groups with
increases of 25 and 24 percent, respectively. Jewelry
stores and beer and liquor store sales rose 20 percent
each, and catalog mail-order sales increased 19 percent.
The smallest increase, 7 percent, was recorded for the
food group, while increases ranging from 9 to 15 percent
were shown for the eight remaining kinds of business.
These data afford definite evidence of the broadening
of purchases during the past year to include a relatively
larger volume of consumers' durable and semidurable
goods.
Wholesale trade in 1936 was estimated at $52,070,000,000, an increase of 17 percent over the 1935 total
and a decrease of 24 percent in comparison with the
1929 figure.
Sales made by wholesalers proper in 1936 are estimated to have reached $20,400,000,000, an increase of
15.5 percent over the 1935 total of $17,662,000,000
reported by the Census of Business. Although the
total dollar volume was about 29 percent below that for
1929, several kinds of business had almost reattained
the 1929 level. Sales of general merchandise and of
tobacco and its products were only 3 percent below
1929; drugs and drug sundries, 4 percent below; while
machinery and electrical goods were both about 10
percent below.
The largest relative gains in 1936, as compared with
1935, were for lumber and construction material, 37
percent; plumbing and heating equipment, 36 percent;
furniture and house furnishings, 34 percent; electrical
goods and machinery equipment and supplies, about
30 percent each. Of the remaining groups, four
recorded increases of about 25 percent; four, increases
ranging from 20 to 25 percent; nine, increases ranging
from 10 to 15 percent; and the four remaining groups
recorded an average increase of about 7 percent.
DOMESTIC TRADE STATISTICS
Wholesale
trade
Retail trade
Department stores
Year and month
Sales
j Unad- Ad! just- justed 2
i ed i
Chain-store sales
ComStocks 3
bined
index
Unad- Ad(Chain
just- just- Store
Age)
ed
ed »
Monthly average, 1923-25=100
1929: January
1930: January
1931: January
1932: January
1933: January
1934: January
1935:
January
December
1936:
January
February
March
April..
May
June
July..
August...
_
September
October..
November
December
_
1937:
January
1
Rural sales of
general merchandise
New passenger-car sales
Unad- Adjust- justed i
ed »
Unad- Adjust- justed i
ed 2
Unad- Adjust- justed 2
ed i
Avg. same
mo. 192931 = 100
Employment
Pay
rolls
Monthly average, 1929=100
Monthly average, 1929-31= 100
Fail-
Liabilities
Num- Thouber ofsands
dolls.
88.4
79.7
89.2
74.7
73.6
70.3
66.1
61.3
70.2
100. 2
98.7
94.3
88.8
82.3
94.2
91.2
89.2
70.6
57.5
47.2
66.0
109.9
107.5
85.1
69.3
56.8
79.5
90.8
74.1
47.3
31.2
28.1
22.8
138.5
110.5
70.5
45.5
41.0
33.5
97.7
100.0
88.9
80.7
73.6
80.6
96.7
99.9
86.3
71.8
58.3
60.3
2,889
1,317
77,064
29,035
57
61
91.7
102.7
67.2
178.4
90.2
96.7
72.6
155.9
87.5
109.8
51.5
90.6
75.0
106.5
84.2
86.8
63.9
68.6
1,146
910
14, 603
15,686
81
83
84
84
87
87
91
86
88
90
93
92
58
62
67
68
67
62
59
65
71
76
80
66
96.5
99.4
101.2
102.0
103.0
108. 0
109.6
109.0
110.0
109.5
111.0
113.0
67.7
73. 5
80.3
95.7
96.8
98.8
97.2
86.5
97.8
100.4
104.5
195.7
90.8
88.0
93.3
95.2
96.8
104.0
109.2
97.7
102.4
98.9
103.0
106.1
79.9
84.2
99.2
105.5
106.5
106.2
88.3
96.2
122.3
155.1
150. 8
186.1
96.3
93.0
106.7
109.9
113.3
112.4
114.7
111.9
123.6
127.1
122.6
131.0
69.3
65.5
117.8
142.3
138.6
139.3
117.3
92.9
71.0
56.5
113.1
130.4
102.0
89.5
101.0
93.5
93.5
109.5
104.5
92.0
83.0
85.5
151.0
175.0
85.6
85.0
85.6
85.7
84.6
84.6
85.4
86.3
88.0
89.0
89.7
91.2
66.6
69.0
67.9
68.2
68.4
69.0
69.7
70.6
71.6
73.2
73.0
1,077
856
946
830
832
773
639
655
586
611
688
692
18,104
14, 089
16, 271
14,157
15,375
9,177
9,904
8,271
9,819
8,266
93
66
105.5
70.3
94.4
88.6
106.7
89.6
128.5
90.8
72.7
811
90
88
81
64
49
57
110
107
99
80
62
73
89
88
78
66
52
59
59
145
76
83
63
66
77
85
89
84
63
68
94
99
105
161
73
Adjusted for number of working days.
Variety stores
Commercial
failures
100
99
2
Adjusted for seasonal variations.
1
End of month.
11, 532
12, 288
SURVEY OF CURRENT BUSINESS
March 1937
Employment
M
ANUFACTURING and nonmanufacturing industries employed fewer workers in January than in
December, according to the monthly data collected by
the Bureau of Labor Statistics. The decline was largely
caused by the dropping of temporary workers employed
in retail trade establishments during the Christmas
rush and to seasonal recessions in certain manufacturing industries. Labor disputes also accounted for
part of the decline. The number at work in the reporting industries was about 1,300,000 higher than the
total for January 1936 while weekly pay rolls were approximately $51,500,000 higher.
In manufacturing industries, the decline in employment in January as compared with December approximated the usual change at this season of the year.
Seven of the 14 major groups showed increases over
December, after seasonal correction, and 5 of these
are included in the durable goods classification. Two
groups included among the durable goods industries—
nonferrous metals and transportation equipment—
recorded declines in January. In the last-mentioned
group, the recession was attributed largely to labor
disputes in automobile plants.
In addition, labor disputes also affected several
other industries in January. Employment was down
sharply in the hardware industry as a result of curtailed operations of firms supplying the automobile
manufacturers with hardware. In the lighting-equipment industry, strikes were responsible for a decline
of more than one-fourth in the number at work, and the
same factor explained the more than seasonal decline
in the glass industry. Except for the rubber boot and
shoe industry, in which employment declined 12 percent, other recessions reported were largely of seasonal
proportions. Among industries reporting gains instead of the usual seasonal declines were blast furnaces, steel works, rolling mills; machine tools, and cotton
goods. More than seasonal gains were recorded in the
agricultural implement, shipbuilding, and millinery
industries.
Eight of the 16 nonmanufacturing establishments for
which data are collected reported increased employment
in January as compared with December, but these were
offset by the decline in retail trade establishments.
The largest relative gain reported was that for metalliferous mining. In private-building construction a
seasonal decline in employment occurred.
According to preliminary data compiled by the
Bureau of Labor Statistics, labor disputes in January
resulted in the loss of 2% million man-days, while workers
involved numbered 192,000. These were the largest
figures reported in any 1 month since the coal strike
in September 1935. The January figure for man-days
idle compared with a total of slightly over 2 million in
December and about the same number in November.
The most important of these strikes from the standpoint of the amount of time lost have been settled, or
are in the process of arbitration.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Nomnanufacturing employment and pay rolls
(U. S. Department of Labor)
TradeElectric light Telephone
Union
Anthracite Bituminous
and power
and teleRetail trade memEmployment1 Pay
coal mining and manumining
graph
rolls
bers
emfactured gas
Year and month
Em- Pay ployed
EmEm- Pay
EmUnad- Ad- Unad- ployploy- Pay ploy- Pay ploy- Pay ploy- rolls
justed justed justed ment rolls ment
rolls ment rolls men t rolls ment
Percent
Monthly average,
of total
Monthly average, 1929-100
1923-25 = 100
members
Factory employment
and pay rolls
1929: January...
1930: January...
1931: January...
1932: January...
1933: January..
1934: January. _
1935:
January
December-1936:
January
February-..
March
April
May..
June
July_
August
September.
October
November..
December..
1937:
January. _.
100.6
97. 1
79. 5
69.1
62. 6
76.5
103. 0
99. 4
81.7
71.0
64.2
78.3
102.4
95.6
G9. 9
53.6
40.1
54.6
105. 7
102.1
90.6
76.2
52.5
64.1
82.2
88.3
84.1
88.7
65. 0
77.6
88.8
87.4
87.7
87.9
89.1
89.8
90.1
91.2
93.5
95.5
96.7
96.9
98.1
90.4
92.8
93.4
93.8
94.4
96.2
96.4
98.8
1
Dollars
Common
labor
rates
(road
building)_
Cents
per
hour
94. 3
101.6
90.5
83.0
74.6
70.2
94.5
105. 1
96.3
89. 1
71.7
69.0
97.2
100.2
92.3
80.3
72. 1
79.8
95.9
99. 8
88. 1
71.9
54.7
59.0
28. 76
27.33
23.20
18. 91
16.23
18.77
585
!592
.578
.540
.466
.552
36
40
36
32
32
43
78.0
86.0
70.5
69.6
73.9
75.6
79.5
92.9
59.7
69.3
21. 59
23.38
.594
.604
39
41
86.1
86.1
86.8
88.0
89.0
90.4
91.7
93.1
93.5
94.0
93.5
93. 1
84.8
84.7
85.9
86.2
87.0
88.1
89.8
89.8
91.4
92.7
91.8
94.1
70.1
69.9
70.2
70.8
71.6
72.1
73.1
73.5
73.7
73.8
73.7
73. 6
75.0
76. 2
77.2
76.0
78.5
77.4
79.9
81.2
78.8
83.1
81.6
82.4
80.4
79.7
81.9
85.2
85.0
85.5
83.2
82.4
86.6
88.7
90.4
100.1
62.1
61.6
63.5
65.3
65.8
66.4
65.1
64.4
66.6
68.3
70.1
75. 6
78
78
79
82
83
83
83
86
87
88
88
86
23. 40
23.14
23.67
24.33
24.41
24.45
24. 23
24.66
25.11
25.51 .
25. 83
26. 64
.608
.608
.611
.613
.616
.617
.617
.616
.619
.619
.624
. 636
40
38
37
38
42
42
42
41
42
42
41
39
92,1
92. 1
74.4
S4, 0
8(5.3
68.0
86
26.18
100.7
105.8
89.3
61. 5
43.2
73.2
106. 4
102. 5
93. 9
80.8
69. 8
75.8
106. 1
101.4
73.3
47.0
36.1
51.3
92.9
99. 6
99.2
89. 3
77. 7
82.2
91.7
99.7 i
98. 6
88.4
73.0
73.8
62. 9
57.3
57.5
55.4
80.0
79.1
59. 6
69.5
82.7
86.8
73.8
73.7
77.6
79.3
80.8
81.1
80.2
83.5
83.6
89.0
90.7
95.1
59.1
61.2
52.5
49.8
54.9
51.2
48.4
41.1
47.6
49.9
51.5
54.8
54.4
76.7
42.6
28.6
56.3
42.0
37.2
31.4
34.9
48.5
40.3
55.4
79.8
80.2
80.4
77.5
76.2
75.7
75.5
76.9
78.2
81.1
82.3
83.8
70.6
78.4
70.2
62.6
62,2
61.5
62.6
65.4
71.0
79.2
80.7
84.9
80.fi
54.1 i 42.7
84.4
SO. 0
Revised; see tables nos. 12 and 13 on p. 19.
Wages
Factory
(National Industrial Conference
'Board)
Average Average
weekly hourly
earnings earnings
!
Adjusted for seasonal variation.
39
SURVEY OF CURRENT BUSINESS
March 1937
Finance
financial event of the past month
ASIGNIFICANT
was the announcement of the Board of Governors
of the Federal Reserve System on January 30 of an
increase in member bank reserve requirements by 33%
percent, effective by equal amounts on March 1 and
May 1, respectively. This action is the most recent
in a series of moves begun in 1936 by the Board of
Governors and the Treasury, by which it was anticipated an "injurious credit expansion" growing out of
the large volume of excess reserves might be avoided.
In July, the Board announced an increase in member
bank reserve requirements, which became effective
August 15, and on December 21 the Treasury announced
a sterilization procedure for handling gold imports
and newly mined gold. By the action of January 30,
reserve requirements have been increased to the full
extent permitted under existing law.
In its recent announcement the Board states that
since the step which became effective August 15, 1936,
"the country's gold stock has been further increased
by a large inflow of gold, amounting to $600,000,000.
* * * This inflow had the effect of adding an equal
amount to the reserve of member banks as well as to
their deposits. The total amount of deposits in banks
and the Postal Savings System, plus currency outside
of banks, is now $2,000,000,000 larger than in the
summer of 1929.
"In order to sustain and expand recovery, the country's commerce, industry, and agriculture * * *
require a more complete and productive utilization of
existing deposits rather than further additions to the
amount now available.
"By its present action, the Board eliminates as a
basis of possible credit expansion an estimated $1,500,000,000 of excess reserves which are superfluous for the
present or prospective needs of commerce, industry,
and agriculture, and which in the Board's judgment
would result in injurious credit expansion if permitted to
become the basis of a multiple expansion of bank credit.
"At the same time the Federal Reserve System will
be placed in a position where such reduction or expansion of member bank reserves as may be deemed in the
public interest may be affected through open market
operations, a more flexible instrument, better adapted
for keeping the reserve position of member banks currently in close adjustment to credit needs."
This announcement had little immediate effect on
the money and security markets, since the banks are
not expected to have any difficulty in meeting the new
requirements. Short-term interest rates have firmed
to some extent from figures abnormally low, and bank
stocks have strengthened on prospects that changes in
rates would improve bank earnings.
Stock prices made little net gain during February,
with divergent movements among the major groups.
Both industrial and railroad groups moved irregularly
upward, while the public-utility stocks declined. Bond
prices tended to soften.
Preliminary estimates of earnings for 1936 indicate
that the year's profits of the 161 corporations included
in the Standard Statistics index were 55 percent above
profits made in 1935. The fourth-quarter profits were
the best for this period since 1929, as well as the best
for any quarterly period since the second quarter of 1930.
FINANCIAL STATISTICS
Year and month
Bank
debits
outside
New
York
City
Reporting member
banks, Wednesday
closest to end of
month
Loans "Othon
er"
securi- loans
ties
Investments
Federal
Reserve
bank
credit
outstanding,
end of
month
Excess j
reserves
of
member
banks,
end of
month
Net
gold
imports Money
inin
cluding circureleased lation
from
earmark !
Bond
Stock prices,
New
prices
York
New
(419)
Stock
capital
StandExissues
ard
New Postal Statis- change
(dotics
York Savmestic)
State ings
Savings
deposits
Thous.
Dollars of dollars Dollars
Millions of dollars
1929:
1930:
1931:
1932:
1933:
1934:
1935:
1936:
1937:
January
January
January
January
January
January
7,44G
7, 681
7, 379
5,574
4,259
3,805
January
December
3,132
3,274
January
February
March
April
May
June
July
August
September
October
November
December
.January
1
20,383
Net exports indicated by (—).
6, 053
5,529
6,843
7,149
8,559
9,288
1,856
2,077
2,630
40
507
745
3,194
3,401
11,481
12, 646
2, 401
2,486
3,128
3,117
3,313
3,304
3, 486
3, 319
3,173
3,177
3,242
3,179
3, 205
3,326
3,304
3,281
3,495
3, 485
3,586
3, 619
3, 600
3,749
3,949
4, 033
4, 068
4,290
12, 996
13,047
13, 229
13, 452
13, 522
14, 159
14, 084
13, 809
13 929
13]796
13, 647
13, 742
2,479
2, 482
2, 473
2,475
2,474
2,473
2, 462
2,470
2, 473
2, 476
2,453
2,500
2, 206
2,844
3,084
2,986
2,305
2,664
2, 866
2,717
3,029
1,950
1,840
2,175
2,236
3,238
4,100
13,638
2,491
1,484
1, 209
980
Average
Interest
divirates,
dend
comper
mercial
share
paper
(600
(4-6
com- months)
panies)
-17.8
4.5
46.3
-47.6
37.0
9.4
4,461
4, 365
4,408
5, 358
5,344
5,382
4,410
4, 416
4, 888
5, 240
5, 317
5,067
153
165
278
666
943
1,201
185.2
156.3
111.3
57.5
49. 1
74.6
97. 72
96. 71
96.10
80.34
83.32
88.77
918,149
749, 644
466, 659
184, 870
64,507
47, 953
3.05
2. 69
.89
.20
.12
150. 5
191.3
5,411
5,897
5,142
5,187
1,201
1,201
70.1
95.3
93. 35
94.47
92, 697
221, 206
.28
..41
1, 984
43.9
-26.1
6 4
27 9
166. 7
253 0
17. 7
55.5
143 0
207. 6
78.8
56. 3
5,757
5,779
5,857
5,892
5,918
6, 062
6,203
6,191
6,258
6,321
6, 401
6, 563
5,177
5,177
5,204
5,175
5,165
5,210
5,197
5,197
5,223
5,210
5,201
5, 243
1,208
1,214
1,216
1,215
1,214
1,232
1,244
1,249
1,251
1,255
1, 257
1, 260
100.1
106.1
108. 7
108.9
101.0
105.6
109.2
113.0
114.1
118.7
124.2
123. 1
96.16
97.22
97. 26
96.69
97.38
97.63
98.19
98.81
99. 27
99.41
100.55
100. 76
124,004
106, 739
129, 527
176,672
111,571
217, 270
102, 769
216, 510
178, 989
173, 694
156,399
266,480
1.42
1.45
1.46
1.47
1.50
1.51
1.58
1.64
1.67
1.70
1.98
2.03
2, un
73.0
6,400
5.344 I 1,266
126.4
100.05
248,526
2.04
Percent
3
A
3
A
3
A
3
A
3
A
3/
74
3
A
%
SURVEY OF CURRENT BUSINESS
8
March 1937
Foreign Trade
exports and imports were substantially
BOTH
larger—12 percent and 28 percent, respectively—
in value in January 1937 than in the corresponding
month of 1936. Exports declined slightly in value as
compared with December 1936, in conformity with the
usual seasonal movement. Imports, which ordinarily
increase slightly, also were somewhat smaller than in
December when the seasonally adjusted index rose 15
points to 76 (1923-25 = 100).
Increases in exports as compared with the openingmonth of 1936 were largely confined to semimanufactured and finished manufactured products. Exports
of crude materials were only slightly larger in value
in January 1937 than in January 1936, while exports
of foodstuffs were markedly lower in value. Semimanufactured exports were 19 percent and finished manufactured exports 21 percent higher in value. Iron and
steel products increased from a value of $10,715,000
in January 1936 to $13,844,000 in January 1937;
copper, from $2,682,000 to $5,048,000; electrical machinery and apparatus from $6,037,000 to $7,472,000;
industrial machinery from $13,988,000 to $16,531,000;
agricultural implements from $2,362,000 to $4,018,000;
and automobiles, including parts and accessories, from
$22,080,000 to $27,586,000. Other principal commodities showing increases in value included gas oil and fuel
oil, naval stores, aircraft, manufactures of textiles,
leather and leather manufactures. Some of the im-
portant commodities which recorded declines in value
were: Meats, lard, fish, fruits, and leaf tobacco.
The increase in imports for consumption over January a year ago embraced a wide range of commodities
with the crude materials and crude foodstuffs classes
showing larger proportional increases than the other
economic classes. Higher prices were responsible for
a part of the increase in the value of crude materials
imports, and the larger grain and feed imports, made
necessary by the drought of 1936, occasioned a part
of the increase in crude food imports. Imports of unmanufactured wool increased from 21,167,000 pounds,
valued at $4,089,000, to 46,890,000 pounds, valued at
$12,821,000; imports of raw silk from 5,578,000 pounds,
valued at $10,244,000, to 6,757,000 pounds, valued at
$12,229,000, and imports of crude rubber from 76,107,000 pounds, valued at $9,113,000, to 97,437,000
pounds, valued at $15,988,000.
Imports of grain and preparations increased from a
value of $3,848,000 to $8,756,000; feedstuffs from $424,000
to $1,704,000; and coffee from$12,201,000to$15,867,000.
Among other imports which increased markedly in
quantity and value were: Butter, cheese, furs, lumber,
newsprint, precious stones, tin, and fertilizers. Imports
which were lower in both quantity and value included
cane sugar, alcoholic spirits, vegetable oils, unmanufactured tobacco, wood pulp, ferro-alloys, copper, and
art works.
EXPORTS AND IMPORTS
Year and month
Value Value
of
of
total total
eximports, ports,
adadjusted i justed
Exports,
including
reexports
Finished
manufactures
Crude
materials
Total
Raw
cotton
Total
Food- Semistuffs, mantotal ufactures
Monthly average, 1923-25=100
1929: January...
1930: January...
1931: January...
1932: January...
1933: January...
1934: January...
1935:
January
December..
1936:
January
February...
March
April
May
June—
July..
August
SeptemberOctober
November..
December,.
1937:
January...
Imports 2
Exports of United States merchandise
Indexes
Total
AutomoMa- biles,
chin- parts
and
ery
accessories
Finished
manufactures
10.8
368.9
311.0
183. 1
135.5
96.0
129.0
142.2
109.0
59.3
38.1
27.1
35.9
76.5
63.3
42.0
38.3
30.8
39.3
71.5
68.0
36.9
26.6
16.2
26.4
70.6
44.9
32.5
21.9
27.3
17.2
19.7
168. 5
179.8
43.0
55.5
65.7
44.8
29.7
43.0
30.1
36.4
25. 5
24. 6
27. 9
30. 7
29. 6
26.0
29.3
25.2
27. 3
31.8
26.4
30.8
22.1
22.1
24.0
23.0
22.5
19.1
16.9
12.4
12.5
15.8
21.2
28.8
186.4
189.6
194.3
199.8
188.4
193.6
196.5
200.1
218.4
213.2
200.4
239.8
58.4
58.6
57.7
62.1
55.1
54.6
56.0
61.7
69.4
62.8
61.2
75.4
55.3
60.3
63.6
65.7
55.8
59.0
59.3
56.3
64.2
61.3
58.3
73.3
39.7
40.1
36.1
37.6
38.5
43.1
42.7
40.8
40.8
40.5
40.6
49.0
33.0
30.6
36.8
34.4
39.1
37.0
38.6
41.4
43.9
48.6
40.2
42.2
31.5
27.6
228.7
77.0
68.4
46.5
36.7
113
95
56
42
29
42
488. 0
410.8
249. 6
150. 0
120.6
172.2
480.4
120.6
404.3 | 103.9
245.7 !l 58. 6
146.9 || 49.7
118.6 I 42.2
169.6 ! 60.4
84.9
72.5
31.2
36. ]
29.7
41.5
77.2
57.6
35.5
23.7
16. 2
22.7
67.7
50.7
34.6
18.8
15.8
25.0
214.9
192.1
117.0
54.7
44.3
61.5
49.5
56.0
37.5
11.4
46.0
29.2
14.5
9.2
6.8
6.5
14.4
45
56
51
58
57
60
55
58
58
62
65
62
70
64
61
176. 2
223.5
173. 6 1 55.8
220.9 j 82.7
32.2
56.8
in. 3
19.7
27.2
31. 7
74.3
86.8
18. 2
22.5
198.0
181.8
194. 8
192.6
200.7
184.9
179.8
178.3
220.1
264.7
225.8
229.7
195.1
179.2
192.1 i
189. 4 !
196.9 !i
180.6 I!
176.4 ! i
175.6 . i
217.5 1
262.0 1
223.3 !
226. 6 •
59.8
50.1
44.5
40.4
42.6
39.3
30.4
67.4
35.7
26.6
26.3
22.8
22.9
19.7
10.8
12.4
38.2
58.4
47.0
40.2
15.9
14.8
16.8
14.2
15.9
14.5
15.0
19.7
23.3
24.9
13.7
13.1
28.6
28.3
32.1
33.8
35.1
34.1
33.3
32.3
31.9
36.7
32.8
34.9
90.8
86.1
98.7
101.0
103.2
92.7
97.7
85.5
89.5
100.0
94.6
111.2
221.6
217.9 |
60.6
37.5
13.1 I 34.2
110.1
57
Crude Food- Semimanmaterials stuffs ufactures
Millions of dollars
126
106
64
39
31
45
51
53
51
53
56
55
54
51
55
57
52
57
Total
' Adjusted for seasonal variations.
38.1
72.8
100.4
82.2
2
General imports through December 1933; imports for consumption thereafter.
SURVEY OF CURRENT BUSINESS
March 1937
Real Estate and Construction
T
HE semiannual survey of the National Association
of Eeal Estate Boards reveals a steady improvement in all phases of real-estate activity during the
past 6 months. The market is reported to be more
active in over 90 percent of the 253 cities covered, and
property values (including values of undeveloped sites)
are rising throughout the country. Residential vacancies are reported to have declined in most cities, with
single-family dwellings inadequate for the demand in
nearly three-fourths of all the reporting cities. About
half of the cities reported an undersupply of apartments. Thip situation has been reflected in an increase in rents, the most common increase over a year
ago being 10 percent. The National Industrial Conference Board's index of rents, which is reported
monthly on page 23 of the Survey, shows approximately
the same increase for this period.
Rents of business properties also are reported to be
advancing with vacancies declining. The situation is
not so favorable for such properties as for residential
buildings, though there has been a measurable improvement during the past year. An oversupply of office
space still exists; office rentals are, however, higher in
comparison with those of a year ago in one-third of the
cities, and no city reported a lower scale than for last year.
A special survey of the cost of mortgage money for
new homes conducted by the Association indicated
that the spread in interest rates over the country has
shown a very definite tendency to lessen. Over 90
percent of the replies from 250 cities reported the most
common rate fell in part or entirely within the range of
5 to 6 percent, inclusive. The proportion falling within
this range was higher than in any previous survey.
The favorable influences affecting residential and
business properties, together with the needs which have
developed for industrial construction, are reflected in
the continued upward trend of private building. Contracts awarded during January in the area covered by
the F. W. Dodge Corporation service for both privately
and publicly financed construction were valued at 243
million dollars, compared with 200 million dollars in
December. Privately financed work alone rose from
117 million dollars in December to 130 million dollars
in January, the latter figure being twice the total for
January 1936. Awards for both types of work during
the first half of February were in excess of 100 million
dollars, or more than 50 percent higher than in the same
period of 1936 when contracts dropped off temporarily
on account of adverse weather conditions.
Contracts awarded for factory buildings during January were valued at only 10 percent less than the total
for the entire first quarter of 1936. The value of residential contracts was more than twice the January 1936
total, with apartment construction more than four times
that of a year ago. Contracts for public works, educational buildings, hospitals and institutions, public
buildings, and social and recreational buildings were
lower in January 1937 than in January 1936.
BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
Construction contracts awarded
Year and month
1929:
1930:
1931:
1932:
1933:
1934:
1935:
Federal
Reserve
index
adjusted i
AH types of
construction
Residential
building
Monthly
average,
1923-25 =
100
NumMilber of lions
of
proj- dollars
ects
MilMillions of lions
of
square dollars
feet
January. „
January..
January..
January..
January.,
January..
120
95
11
31
22
49
10,189
7,587
6, 911
4. 659
3,800
7,728
406
324
228
85
83
186
29.3
13.8
12.2
6.9
3.1
3.9
138. 1
66.6
54.4
27.5
12.0
15.1
January
December .
27
68
6,458
8,249
100
264
5.5
11.9
January
February._
March
April
May__
June
._
July
August
September.
October
November..
December..
937:
January..
62
52
47
47
46
52
59
62
59
57
58
7,724
6, 442
10,514
13, 338
13, 242
13, 352
13,890
12, 912
12, 056
12, 966
11, 269
9,605
64
8,731
1936:
1
Public
utilities
Building-material shipments
Public
works
Millions of
dollars
Com- Lum- Oak
Cemon
floor- ment
ber
brick
ing
Thousands
Mills, Thous. Thouof ft. sands of
of ft.
b. m. b. m. barrels
Monthly average,
1913=
100
Thousands of dollars
46, 994
34,914
28, 038
18,365
11,673
4,433
1, 018 5,137
5,707
4,955
4,692
3,393
2,502
3, 778
209.4
209.0
194.5
162.5
158.4
191.3
18.1
35.7
76.4
38, 281
73, 586
1,273
1,331
8,670
19,497
2,846
4,514
198.7
194.9
3,896
192,064
88, 988
92, 720 81,978 2, 363, 824
315, 683 102, 791 2, 940, 029
17.9
11.9
18.1
23.8
12.8
9.3
27. 5
17.9
15.7
14.2
18.0
19.1
36.3
44.2
49.7
50.8
71.1
99.1
76.4
68.8
52.9
55.8
42.1
56,471
44, 736
109, 641
154,473
171,418
172, 892
170,135
172, 748
173, 723
189,104
163,246
141,080
1, 569
1,467
1,688
1,932
1,821
1,846
1,915
1,867
1,963
2,169
1,608
1,757
20, 395
23, 081
28, 479
29, 483
28, 579
31, 617
30,123
30, 408
33, 432
33, 935
29, 988
35, 878
3,917
3,177
7,186
9,182
11,240
12, 521
11,823
12, 624
12,619
13,089
8, 962
6,246
199.5
201.2
201.2
202.2
203.4
204.6
204.4
208.1
208.1
211.5
212. 7
220.7
329,643
330,154
366,405
390,810
404,722
442, 027
465,682
497,852
505, 574
532, 064
531.078
544,107
21.8
46.7
1,698
38,847
4,678
223.5
552,411 143, 738 2,729,274
40.0
89.9
38.6
4.6
8.0
10. 6
38.9
49.7
58.1
19.5
34.7
103.1
22.4
45.1
215
142
199
235
216
233
295
275
234
226
208
200
10.3
9.1
15.6
19.7
20.5
20.6
20.5
24.4
21.2
21.6
20.0
19.0
37.4
31.2
55.2
67.2
70.3
73.6
72.0
100.5
80.7
79.7
68.4
65.5
243
18.4
78.4
Based on 3-month moving average of values and adjusted for seasonal variation.
2 Index is as of 1st of month; Feb. 1, 1937, 223.5.
126236—37
2
ConLoans outstanding
Realstrucestate
tion
Federal
forecosts, savings
Home
cloHome- Owners'
Eng.
and
sures
loan
Newsloan
Loan
(nonbanks
Rec- associaCorp.* farm)
ord 2 tions 3
3
102, 745
102, 887
103, 354
105, 969
110,871
118, 580
122,094
125, 211
129,752
134, 929
137, 250
145, 394
2, 984,438
3, 014, 423
3, 040,137
3, 060, 029
3,083,312
3,092, 871
2,920, 739
2,897,367
2,869,660
2,883, 503
2,801,827
2, 765, 098
See footnote marked * on D. 25.
Monthly average,
1934=
100
99.7
110.2
88.2
78.9
77.6
83.2
83.9
82.6
81.7
82.7
78.3
85.7
77.8
75.1
84.4
68.1
10
SURVEY OF CURRENT BUSINESS
March 1937
Transportation
average loadings of freight in February,
DAILY
seasonally adjusted, approximated the January
charges, gross revenues of the carriers have tended to
decline and the percentage increase in revenues over
figure which, in turn, was sharply lower than in Decem- the corresponding period a year earlier has been reduced.
ber. With the removal of the hampering influences of On the basis of reports from carriers which in January
the flood and the automobile strike, the weekly index 1936 accounted for more than nine-tenths of all operatof loadings has again turned upward.
ing revenues, gross in January 1937 was about 10
The increase in the volume of freight traffic over the percent above the total for the corresponding month
corresponding period of the preceding year, which of 1936. In December, the increase in gross revenues
amounted to 20 percent in December narrowed to little over those of December 1935 amounted to 26 percent.
more than 10 percent in February. Miscellaneous
Equipment ordering has continued in heavy volume,
loadings (composed largely of manufactured products) with freight car orders during the first 20 days of
were, however, 30 percent larger in February 1937 than February exceeding 10,000, according to the Railway
in February 1936, a gain in excess of that reported for Age. In January about 11,000 cars were ordered.
either January or December.
Unfilled orders of the class I railroads for cars exFor the first 7 weeks of 1937 miscellaneous loadings ceeded 33,608 units on February 1, the largest
were 25 percent above those of the corresponding period backlog of railroad orders since April 1, 1930. It
of 1936. This was the largest relative gain recorded
is to be noted that these figures do not include the
for any of the eight classes of freight for which statistics
large volume of unfilled orders for nonrailroad organare reported on a weekly basis, with the exception of
izations or cars owned by the railroads but controlled
that for ore loadings. Under the stimulus afforded by
the steadily expanding activity in the iron and steel by other organizations. Unfilled orders for locomotives
industry the movement of ore was up 79 percent. Ship- have also increased further, and the outlook for engine
ments of grain and grain products were about the same manufacturers is the best in a long period of years.
as in 1936, while coal loadings were down 6.2 percent, January pay rolls of the car builders were 60 percent
due in part to the floods and in part to the high base higher than a year ago, while the locomotive manuof a year ago when loadings were influenced by a long facturers reported a pay roll nearly three times as
large as in January 1936. The pay-roll indexes were,
period of low temperatures.
With the recession in freight loadings in January and nevertheless, only 59 and 31 percent, respectively, of
February, and the elimination of the freight rate sur- the 1923-25 average.
RAIL AND WATER TRAFFIC
Freight-car loadings
F. R. index
Year and month
Unad- Adjusted^ justed1
Total
Pullman
Freight- passencar
ForMisGrain
Mergers
Coal est
and Live- chan- Ore cel- surplus carand prod- prodstock
dise
laried
coke ucts ucts
I. c. 1.
neous
Monthly average, 1923-25=
100
1929: January..
1930: January..
1931: January..
1932: January..
1933: January..
1934: January..
1935:
January
December...
1936:
January
February...
March
April
May
June
July
August
SeptemberOctober
November..
December..
1937:
January...
70
Thousands
Thousands of cars *
Financial statistic*;, class I
railways
Operating
revenues
Canal traffic
Net railNew
way op- Sault
Ste. York Panama 3
erating Marie
State
income
Thousands of
dollars
Thousands of Thous.
of long
short tons
tons
108
100
82
64
56
64
903.7
849.3
718.5
568.1
482.1
549.7
216.3
207.8
162. 7
123.8
113.6
139.8
55.3
46.2
33.8
18.4
14.0
18.7
46.4
40.3
40.8
31.1
26.5
29.6
29.1
27. 2
25! 1
21.7
17.0
17.1
232.4
225.7
208.7
186.8
155.1
155.5
8.9
8.3
5.3
2.7
1.8
3.0
315.4
293.9
242.1
183.6
154.0
185.9
278
393
647
743
692
434
2,836
2,760
2, 203
1,643
1,158
1,306
481, 648
446, 261
361, 843
272,116
226, 555
258, 015
75, 682
54, 676
33, 580
11,182
13, 585
31,058
0
0
0
0
0
0
0
0
0
0
0
0
1,218
1,198
958
652
560
64
71
553.2
580. 6
149.0
138.8
19.8
25.9
24.6
27.3
14.4
12.8
145. 7
146.4
3.4
6.4
196. 3
223.0
342
271
1,398
1,409
264,197
296,149
21.935
46,021
0
440
0
0
825
852
70
70
66
69
70
70
73
70
72
73
80
86
594.9
627.0
604.7
636.2
670.4
696.8
706.4
740.2
765.3
819.1
753.4
693.9
162.0
192.1
112.5
118.2
119.6
114.9
117.2
129.7
142.4
168.7
167.4
167.4
26.5
26.9
30.5
30.3
32.3
34.7
32.7
36.1
34.7
35.7
34.0
33.0
30.2
30.2
34.0
30.6
31.1
34.9
52.9
43.3
31.8
32.2
32.8
32.5
12.8
10.6
11.9
12.4
12.3
11.8
12.9
15.4
18.2
21.9
19.2
14.8
142.8
146.0
155.6
161.8
158.9
162. 2
157.0
165.6
165.8
171.2
162.7
158. 1
5.6
5.7
6.0
8.9
37.4
50.5
52.3
54.9
56.4
52.8
28.3
8.3
214.9
215.6
254.2
274.0
278.7
287.9
281.3
295.2
315.9
336.7
308.9
279.7
231
171
205
179
185
170
147
146
125
112
121
133
1,533
1, 359
1,312
1,353
1,295
1,430
1, 516
1,565
1,519
1,469
1, 351
1,497
299,058
300, 459
308, 304
313,410
320,966
330,692
349,744
350, 585
357, 207
391, 457
358, 548
372, 265
35, 729
33, 595
35,206
41, 548
41, 842
50, 313
61. 774
64,681
70,166
89, 851
72,411
70, 520
0
0
0
37
8,710
9,835
10, 951
10, 699
11,041
10,789
7,094
373
0
0
0
228
568
616
738
605
821
722
717
0
775
813
981
1,023
940
989
976
1,058
1,054
962
485
214
80
663.4
163.4
29.7
29.6
13.6
152.7
9.9
264.4
131
331,685
38,437
1 Adjusted for number of working days.
2
Adjusted for seasonal variation.
3
American vessels, both directions.
* Average weekly basis.
281
11
SURVEY OF CURRENT BUSINESS
March J937
Automobiles and Rubber
1936 the situation was the reverse, with severe weather
conditions retarding sales of cars.
Although seriously disrupting for a time the movement of production and employment in the motor
industry, the effect of the strike on the automobile
market, in point of final sales to consumers, cannot be
appraised accurately as yet and attempts to do so
might be misleading. It is expected that, barring
further interruptions, General Motors will have its
dealers adequately supplied with cars for the spring
selling season; stocks of cars in the hands of other
dealers are no doubt entirely adequate at the present
time to care for all sales.
Production in the rubber manufacturing industry has
remained high, notwithstanding the reduction in the
demand for original equipment tires from the automobile companies. Pay-roll data indicate a decline in
output for December to January, particularly in the
footwear industry where some seasonal decline is usual.
The improved position of the rubber manufacturing
industry in 1936 was reflected in the substantial earnings reported recently by the major corporations.
This improvement in profits and the favorable outlook
prompted the four major Akron tire manufacturers to
increase wages from 5 to 8 cents an hour and to establish
minimum wages of 75 cents an hour for men and 65
cents an hour for women for their nearly 40,000 employees. This recent change was the second advance
in a year, the manufacturers having made a wage
increase last May.
T
HE agreement to arbitrate the labor dispute which
had reduced production of the General Motors
Corporation from over 50,000 units per week in midDecember to less than 2,000 in mid-February, was of
prime importance to the motor and allied industries.
With the agreement signed on February 11, operations
by the corporation were gradually resumed, although it
will be some time before a rate of output warranted by the
needs of its dealers is reached. The gradual reopening of
General Motors assembly lines, and the maintenance of a
high level of production by other producers, indicate that
total output of cars and trucks in February will exceed that
of a year ago. The seasonally corrected index of production for the month may be lower than in January when
the index dropped slightly below the December figure.
While production in January was considerably lower
than in December, and showed less of an increase over
1936 than would have been the case in the absence of
labor controversies, new car sales for the month made a
relatively good showing. The dollar volume of new
passenger-car sales for the month was 29 percent higher
than in January 1936, although considerably less than
in December last. General Motors sales of all types of
cars to consumers in the United States in January 1937
numbered 92,998, compared with 173,472 in December
1936 and 102,034 in January 1936. Thus, sales of
by other manufacturers were about 50 percent
cars
ahead of the opening month of 1936. One important
factor contributing to the much higher level of sales has
been the mild winter experienced this year; in January
AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports
Automobile production
United States
Year and
m on til
F. R.
index,
adjusted^
Monthly av.,
192325=100
1929:
1930:
1931:
1932:
1933:
1934:
1935:
1936:
1937:
Total
Passenger
cars
Registrations
New passengercar sales
Canada
Trucks
Total
Thousands
Crude rubber
Domestic
DoWorld
Pro- mestic
I
constocks,
Imduc- ship- | sump- ports
end
of
tion ments tion,
month
totali
New
New
UnadAdcomPassenjusted 3 justed
ger cars Trucks passenmercial
ger cars cars
Monthly average,
1929-31 = 100
Number
Pneumatic
tires i
Long tons
Thousands
January
January
January
January
January
January
142
97
63
45
48
56
401
273
172
119
129
156
348
234
138
99
110
113
53, 428
39,406
33, 531
20, 541
18, 992
42, 912
21, 501
10,388
6,496
3,731
3,358
6,904
24, 633
15, 293
8,588
4,474
7, 059
3,685
13,032
12,876
4,642
2,515
3,082
7,559
219, 760
179, 885
126, 786
87, 493
79, 845
61, 242
29,914
30, 202
24, 414
14, 776
11,709
22, 903
90.8
74.1
47.3
31.2
28.1
22.8
138.5
110.5
70. 5
45.5
41.0
33.5
6, 397
4,611
3,705
3.480
2,262
3,922
5,991
4,306
3,599
3,197
2,518
3,137
42, 782
36, 405
28, 639
29, 648
22, 842
39,261
57, 581
47, 904
36, 598
33, 552
30, 663
49,088
296, 270
389,041
510, 296
623,416
634, 797
661,948
January
December
103
107
290
405
228
343
62,174
61, 506
10, 607
13, 789
11,015
17, 736
6, 591
10, 276
136,635
237,194
34. 759
39, 258
51.5
90.6
75.0
106.5
4,571
4,002
3, 608
4,124
698,153
613,987
January
February
March
April
May
June
July
August
September
October
November
December
108
93
107
122
117
118
124
111
107
93
105
122
364
288
421
503
461
453
441
271
135
225
395
499
298
225
344
417
386
376
372
210
91
191
341
426
65,730
62, 790
77,448
85, 642
75,058
77,061
68,597
61, 537
44,533
33, 940
53,434
72, 702
13, 302
13, 268
18, 021
24,951
20, 006
16, 400
10, 475
4, 660
4, 655
5,361
10,812
20,411
15, 867
16,046
18,921
17, 723
17, 727
14, 987
12,714
8,323
4, 564
9,894
20,032
24, 788
9,787
9,913
9,999
8,330
10,848
9, 055
9,811
7,405
6,375
6,826
7,396
10, 501
215,782
176, 668
301, 272
397,190
392, 750
369,423
357,490
262,912
208,896
171,319
223, 560
327, 303
43, 760
40,301
51,817
57,000
62,183
56,000
63, 695
59, 222
54,611
41, 207
30, 222
42, 208
69.3
65.5
117.8
142.3
138.6
139.3
117.3
92.9
71.0
56.5
113.1
130.4
102.0
89.5
101.0
93.5
93.5
109.5
104.5
92.0
83.0
85.5
151.0
175.0
4,579
3,577
3,638
4,854
4,971
5,610
5, 465
5,014
4,981
5,125
4,969
5,308
3,802
3,142
3,784
4,836
5,752
5,711
5,678
4,911
3,768
4,012
4,162
4,925
46, 792 40, 523
42, 657 39, 812
48, 506 33, 921
36,746 34,339
42,703 34, 874
51,897 45,830
50, 482 37,050
52, 636 38,273
48,127 39,843
46, 657 41, 788
46, 330 50,033
49, 509 40, 965
50, 303 38,414
49, 626 51,382
380
310
70,249
19,583
20,099
12,592
256,000
47,000
89.6
128.5
48, m
444,087
January...
i Data are raised to industry totals; see note in the 1936 Supplement.
2
Adjusted for seasonal variation.
43,339
3 Adjusted for number of working days.
600,479
599,355
574, 594
558, 583
533,411
511,931
510,873
492,439
485, 488
478,190
458,637
448,414
12
SURVEY OF CURRENT BUSINESS
March 1937
Forest Products
is one of the few major production series
1UMBEK
which is currently below the level of a }^ear ago.
period of 1936. Shipments, although exceeding production by 14 percent, were 2 percent below those of the
This situation has resulted mainly from the maritime previous year. New orders booked were up 4 percent.
tie-up on the West Coast which was ended early in The volume of unfilled orders on hand at the end of
February, though adverse weather conditions in certain January 1937 amounted to 49 days' average production
regions have checked output and sales. With these
at the January rate, as compared with 30 days' a year
hampering influences removed, a more normal relationship between production, shipments, and orders should ago. Principally affected by the maritime situation
be restored. From last September to the middle of was the West Coast area where the industry's unfilled
February orders exceeded production, the disparity orders were the highest since April 1929. Flooring production also failed to keep pace with incoming orders
being wide in both December and January.
Demand for lumber is on the increase, particularly and unfilled orders on January 30 exceeded the gross
in the residential construction field, in the furniture stocks held by reporting mills.
industry, and in the railroad and farm equipment
The slight decline experienced in paper production in
industries. The repairing of damage caused by recent December was more than offset by a rise in January.
floods has resulted in temporary demands for rehabili- Mills in the latter month were operating at an average
tation purposes.
rate of over 90 percent of capacity as compared with
The latest quarterly report of the Lumber Survey 88 percent in November, peak month of 1936. Early
Committee to the Department of Commerce stated reports for February indicate a slight slackening from
that while total stocks of lumber are slightly higher
the January average. Paperboard production has inthan a year ago, the regional relationships of stocks were
creased
during the first 6 weeks of 1937. The January
disrupted by the maritime strike. The committee
average
was lower than the peak of 82 percent of
stated, "Considered in the light of the heavy unfilled
order files, stocks are inadequate in many regions. capacity reached last October, but reports for the first
* * * Local shortages in supply of desirable items, half of February indicate that current production is in
grades, and species, have developed. * * * However excess of last year's high point.
the inadequacy of stocks is temporary. The resumption
United States and Canadian production of newsprint
of normal operations of established mills will amply declined slightly during January and a more marked
take care of expected demand."
decline in shipments increased mill stocks. Both
January reports covering identical mills show pro- production and shipments exceeded those for the same
duction to have been 12 percent below the corresponding month last year.
J
FOREST PRODUCTS STATISTICS
Lumber production
Year and month
Total
softwoods
Total
Southern
pine
California
redwood
West
coast
woods
Book
paper,
uncoated
Total
73
51
28
22
30
110
102
77
67
53
62
107.3
93. 6
60.2
43.9
". 7
34. 9
45.0
46.0
33.0
31.0
651,231 !
869
232
379
1,088
1,422
871
1,215
364
460
35G
462
31
45
66
73
43.1
57.8
39.0
59.0
765,906 I 88.878
717, 604
91, 075
1,490
1,353
1,587
1.865
1,891
1,898
2,055
1,990
1,978
2,156
1,649
1,677
1,261
1,138
1,343
1,613
1,638
1,623
1,773
1,706
1, 694
1,875
1, 397
1,428
453
510
540
550
545
590
585
595
625
615
625
552
461
521
666
559
513
594
515
516
679
336
444
42
36
40
40
44
46
48
47
47
48
51
57
74
73
72
74
75
76
79
81
82
81
84
86
51.3
53.8
55.1
55.6
56.1
58.7
59.9
68.4
71.1
76.9
77.6
78.3
60.0
58.0
58.0
59.0
59.0
65.0
68.0
74.0
81.0
86.0
85.0
82.0
819,300
753, 581
776, 471
867,931
798. 060
797,826
846, 434
833,038
843, 417
981,819
863,004
950,151
640
354
48
90
71.7
1
Adjusted for seasonal variation.
Newsprint »
81.5
Paper
board
WrapPing
paper
Consumption
by
publishers
Short tons
1, 140
1,518 i 1,290
i Newsprint
Paper production
Percent
of
normal
Monthly average,
1923-25 = 100
Millions of feet, board measure
1929: January- . .
1930: January. _.
1931: January...
1932: January- -1933: January...
1934: January
1935:
January
December.. _
1936:
January
February
March. _.
April...
May
June
July...
August
SeptemberOctober
November. ..
December...
1937:
January
Furniture industry
Carloadings of Factory
forest
Plant
emFacprodoperaploytory
ucts,
tions,
ment,
pay
adall disadrolls
justed i justed
tricts
i
j!
123,822
124,851
101, 917
94, 389
74, 422 205, 326
83,181 233,182 115,198
183, 502
176,162
160, 660
151,181
127,446
140,955
262,026 147, 698
243, 594 131, 544
271, 210 160, 822
271,107 130,719
285, 257 132, 887
295,899 165, 537
289,527 140,120
288,682 144, 615
299,033 163, 588
319,391 147,142
328, 519 150,952
359,849 195,874
321,624 155,605
328,773 190, 749
157,870
186, 514
101, 223
96, 068
101, 669
107, 533
97,369
86, 676
89, 210
93,988
95, 793
103,417
98,939
112, 689
80, 298
75, 869
79, 336
72, 249
76, 500
76, 504
75, 719
79, 820
73, 361
74,338
72, 206
81, 076
79,853
80, 048
109,396
80,005
i See note marked " V on p. 52.
161,185
182, 213
183, 974
183, 399
227, 216
178, 396
170, 884
168, 289
175,811
203,198
223,813
198, 264
183,106
13
SURVEY OF CURRENT BUSINESS
March 1937
Iron and Steel
at a rate 50 percent or more above those of a year
ago. Shipments of finished products by this Corporation in January were the largest for that month
mentators to refer to the development of a "seller's since 1929, and exceeded those of every month since
May 1930.
market" for certain types of steel.
Tonnage booked from the railroads, the railwayNotwithstanding the hampering effects of the Ohio
Valley flood, daily average steel output rose about 7 equipment builders, the construction and machinery
percent during January; a further rise occurred during industries make up an important portion of the present
February, according to the weekly estimates which volume of unfilled orders held by the industry. The
indicate a steady upward movement. The automobile upward trend in these lines is indicated by the large
industry is again consuming steel in more normal orders by the railways; the heavier bookings of strucquantities with the resumption of production by tural steel; and the movements of machine-tool orders.
General Motors plants in the middle of February. Machine-tool business in January, while less than the
Data are not available to determine to what extent, if record December volume, was about one-fourth above
the 1929 average. Orders from foreign countries made
at all, steel inventories are being accumulated.
up
more than one-fifth of the total. This relatively
The Federal Reserve seasonally adjusted index of
large
volume of foreign business received by machinesteel production has moved lower since December, as
tool
builders
is in line with the increased foreign demand
the actual rise in ingot output was not so large as the
for
iron
and
steel products generally, and for the
calculated seasonal change. As demand has been tendnonferrous
metals
as well.
ing upward sharply, seasonal tendencies are naturally
r
modified. With production running w ell above 80
Demand for pig iron has caused a sustained upward
percent of estimated capacity, and probably close to movement in the seasonally corrected index of output in
effective capacity, the mills find it advantageous to each month since July 1936. Daily average pig iron
maintain as even a rate of operations as possible.
output, seasonally adjusted, was up 3 percent in
Demands for light steel products are higher than a January with no change in the number of furnaces in
year ago, but the largest relative gains continue to be blast. Two fewer furnaces were in blast at the end of
made in the heavy products. The United States Steel January than at the end of January 1930, although
Corporation, which normally produces a large propor- output was 14 percent higher in January 1937 than in
tion of heavy steels, is currently reporting shipments January 1930.
TEEL production during the first 2 months of 1937
S
has continued to expand. Mills are booked well
ahead, and there has been a tendency for market com-
IRON AND STEEL STATISTICS
General operations
Year and month
EmPay
Produc- ploy- roils,
tion, ment, unad- Ex- Imadadjusted3 ports ports
justed » justed2 (4)
Monthly average,
1923-25=100
1929:
1930:
1931:
1932:
1933:
1934:
1935:
Iron and
steel
Pig iron
Production
Steel ingots
Furnaces
in
blast
Production
Percent
of
Thousands of Jong
tons
Number
United
Prices
States
Steel
Corporation, Iron Steel
FinNew Ship- finished and billets, Steel ished
scrap steel,
or- ments prod- steel, reroll(Chi- comucts,
com- ing
ders
ship- posite (Pitts- cago) posite
burgh)
ments
Steel sheets
capacity
Thousands
Thousands of
of long
short tons
tons
Dollars
per 100
pounds
Long
tons
January. _
January..
January..
January..
January..
January..
126
107
71
44
29
56
101.4
98.1
76.8
62.6
53.0
71.7
102.3
92.7
61.8
37.0
25.0
43.8
273
224
93
41
57
178
55
44
42
31
22
23
3,442
2,827
1,714
973
569
1,215
202
172
102
61
45
4,500
3,778
2,512
1,485
1,017
1,997
43S
382
181
121
76
209
362
242 1,104,168
170 800,031
113 426, 271
79 285,138
131 331, 777
35.94
35.19
31.69
29.65
28.17
31.15
33.00
34.00
30.00
27.75
26.00
26.00
15.25
12.69
10.22
7.50
5.25
10.50
2.55
2.46
2.22
2.11
2.12
2.31
January
December..
1936:
January
February..
March
April
May
June
July..
August
September.
October
November..
December..
1937:
January..
80
103
77.2
85.7
55.9
64.4
263
239
23
54
1,477
2,106
90
120
2,870
3,073
322
203
206
195
534,055
661,515
32. 58
33.31
27.00
29.00
11.80
13.35
2.44
2.43
86
83
83
100
105
113
119
121
119
127
138
143
86.4
84.7
85.3
87.1
89.0
90.8
93.5
95.3
96.8
98.4
99.6
101.0
70.3
75.4
79.7
83.0
84.6
81.8
86.8
87.1
93.2
95.8
102.0
242
214
264
S02
315
295
297
295
236
262
203
244
50
43
57
49
59
60
48
61
60
65
62
52
2,026
1,824
2,040
2,404
2,648
2,586
2,594
2,712
2,730
2,992
2,947
3,115
117
120
126
144
146
145
146
148
155
161
164
170
3,046
2,964
3,343
3,942
4,046
3,985
3,923
4,195
4,161
4,545
4,337
4,432
175
138
252
190
192
261
193
208
256
223
294
337
207 721.414
176 676,315
210 783,552
252 979, 907
210 984, 097
204 886, 065
213 950, 851
197 923, 703
204 961, 803
224 1,007,417
212 882, 643
244 1,067,365
33.34
33.48
33.21
33.10
32.92
32.79
33.49
33.88
34.15
34.63
34.65
35.15
29.00
29.00
28.20
28.00
28.00
28.00
30.00
30.00
30.40
32.00
32.00
32.40
13.38
14.19
14. 75
14.34
12.88
12.85
13.38
15.19
16.15
16.25
16.50
17.15
2.43
2.43
2.37
2.36
2.36
2.36
2.43
2.43
2.41
2.46
2.46
2.52
130
102.5
99.7
202
43
3,212
170
4,737
1,149.918
36. 55
34.00
18.06
2.57
1
Black, blue, galvanized, and full finished.
* Revised—See tables 12 and 13 on p. 19.
2
J
With adjustment for seasonal variation.
See footnote marked "f" on p. 48.
«S3 |
(6)
8
Without
6
adjustment for seasonal variation.
See footnote marked "V on p. 49.
14
SURVEY OF CURRENT BUSINESS
March 1937
Textile Industries
RODUCTION in the textile industries so far dur- with operations at 137.7 percent of single-shift capacity
Ping
1937 has been maintained at a high rate and as compared with 134.5 percent in December. Cotton
considerably above the output in the early part of
1936. With mill work so active at the year end, after
a rapid increase in the final quarter of last year, the
marked seasonal increase usually experienced in January did not occur. The seasonally corrected index
declined from the December figure of 139 (1923-25 —
100) to 124, the latter figure being above every monthly
index for 1936, except that for December.
Rayon mills continued to operate at capacity in
January. Producers' stocks have remained very low, and
the manufactured yarn and staple fiber has moved
directly into consumer channels. The long period of
capacity operations in this industry suggests the likelihood of an expansion in productive facilities at some
near future date.
Cotton-mill activity recorded a small gain in January
as compared with December. Daily average output,
as indicated by the data on cotton consumption and
spindle activity, was at the highest level on record.
Cotton consumption was about 2 percent larger in
January than in December on a daily average basis,
and the largest since the figures were first compiled in
1913. Spindle activity also recorded a small gain,
consumption during the first half of February, according
to the weekly estimates, held steady at the January rate.
The marked rise in the production of cotton goods
has been accompanied by a steady rise in cloth prices
and a sharp increase in manufacturers' margins. With
improved profit possibilities, spindles which have been
idle for a long period have been returned to service.
In January 89 percent of all the spindles in place were
used some time during the month.
Output of woolen mills was lower in January than in
the preceding month but was still above any 1936
month with the exception of December. Usually
activity increases in January as compared with December. Daily average wool consumption was 20 percent
lower than in December, but 8 percent higher than in
January 1936. Weaving activity in other than carpet
and rug mills was higher, but spindle activity decreased.
Despite this decline, woolen spindle operations were still
above maximum single-shift capacit}7.
Silk deliveries recorded a less-than-seasonal gain in
January over those of the preceding month. On a
daily average basis, deliveries were 13 percent higher
than in December.
TEXTILE STATISTICS
Cotton,
raw
ProducMill
tion index, ad- consumpjusted
1934: January
1935:
January...
December..
1936:
January-..
February.
March
April
May
June
July
August
September
October. _.
November
December.
1937:
January.
Wool manufactures
Spinning
Rayon
Silk
Wholesale
price,
woolen Delivand
to
worsted eries
mills
Nar- Broad goods
Looms
Whole- Deliveries
sale
price, from mills
raw,
Japa- €nAdnese,
ad- just13-15
ed '
(New justcd
York)
Hosiery
Spindle activity, Plain
total bleach- Print
goods
ed
Running
bales
Millions of
spindle
;pinc
hou:
Monthly average,
1926=
100
Thousands
of
pounds
87
87
668, 286
576,160
450,117
434, 726
470,182
508,021
9,227
8,176
6,365
6,213
6,791
6,973
100.4
94.7
73.5
55.8
50.1
86.5
34,000
27,000
21, 000
19, 600
20, 400
23, 500
82
62
48
52
59
65
69
55
52
53
56
50
63
50
28
25
36
32
91.4
84.9
73.7
63.3
53.4
84.3
57, 349
57, 683
55, 910
58, 793
46, 204
40 942
4.998
4. 630
2.807
1.953
1.305
1.468
255
268
279
273
353
383
258
274
285
278
361
391
7, 302
103
111
550,553
499, 773
84.1
86.0
27, 800
35,184
86
92
72
74
27
42
73.8
81.0
553
473
5P5
557
9,996
8,918
590,484
515,977
550,641
576,762
530,894
555,449
607, 056
574, 289
629, 727
646, 499
626, 695
692, 921
80.4
78.1
77.1
76.2
75.5
75.4
78.7
79.5
80.0
82.0
85.5
90.3
36, 345
32, 023
27, 633
29, 346
24,333
27, 302
33,963
31,627
30, 639
37, 760
33, 990
39, 504
93
96
85
82
87
87
90
97
88
90
96
110
63
68
59
60
57
57
59
68
65
74
83
92
47
44
38
36
34
36
36
43
41
46
42
52
81.4
82.8
83.8
82.2
82.2
82.6
82.0
81.2
80.9
80.5
84.3
90.5
47,443
35, 559
38,995
32. 053
36. 000
34, 564
32, 087
31, 437
36.658
42.016
45,709
43, 093
40. 401
41.627
1.461
1.958
105
102
100
100
100
107
116
120
120
114
121
139
145.159 120,180
101.160 104,702
7,709 97, 435 100,528
6,735 92,807 91,860
7.254 107,893 95, 274
7,313 104, 837 91,074
6, 896 105,062 89, 518
7,320 104, 630 90, 338
7,855 101, 904 91,273
7,573 104, 667 91,157
8,088 107, 706 86,514
8,328 121,419 88, 890
7,997 105,188 83, 760
8,679 123,125 90,839
1.950
.784
.733
.682
.600
.597
1.714
1.791
1.698
1.756
1.935
1,968
477
517
422
433
428
498
614
633
537
504
53«
562
487
454
399
416
446
623
808
586
387
475
61!
6fi2
10,099
9,252
9,832
10. 201
9,270
9.479
9.P83
10.111
10,828
11,566
10.716
11.280
124
678,064
8,587
91.9
41, 616
105
88
56
91.9
44,198
2.051
539
550
tion
Monthly average,
1923-25=
100
January..
January..
January..
January..
January..
Cotton cloth,
finishing
Wool
spindles
Whole- Consale
price, sumpcotton tion 2 Wool- Worgoods
sted
Year and month
1929:
1930:
1931:
1932:
1933:
Cotton manufactures
116
103
1
Thousands of
yards
122, 679
99, 627
7,542
6,804
113,771
Adjusted for seasonal variations.
93,741
Percent of active hours
to total reported
Monthly average,
1926=
100
Production
ThouDaily
Bales Dollars
sands
of 133
average,
per
of dozpounds pound 1923-25=100
en
pairs
* Scoured basis, total; see note marked " V on p. 54.
SURVEY OF CURRENT BUSINESS
March 1937
15
Commodity Price Movements in 1936
By Roy G. Blakey, Chief, Division of Economic Research
in the general level of wholesale prices
CHANGES
during the first 10 months of 1936 were influenced
to 1933 also rose most rapidly during 1936 as they did
in the preceding 3 years. (See fig. 1.)
The annual index of food prices was 1.9 percent lower
for 1936 than for 1935, but the index of farm products
was 2.7 percent and the index of prices of all commodities other than farm products and foods was 2.2 per-
mostly by the fluctuations of agricultural prices, with
nonagricultural prices moving approximately horizontally. Agricultural prices, after having risen sharply as
a result of the 1934 drought, moved lower during the
first 4% months of 1936 on prospects for increased
INDEX NUMBERS (Monthly average, 1926= lOO)
supplies. When the 1936 trans-Mississippi drought
1201
•
•
began to appear serious, however, agricultural prices
turned up sharply and carried the general price average
-Finished Products
/
with them. The rapid rise during the summer was succeeded by a lull in September and October, but imme60
diately following the November election there was a
-Row Maferia/s
sharp upward movement of most agricultural prices at
the same time that a marked rise in nonagricultural
products was experienced. The net result of these
I9?6
1934
1930
1952
1929
divergent movements was a 1-percent increase in the
Figure 1.—Wholesale Prices by Economic Classes, 1929-36 (United
1936 annual average of the Bureau of Labor Statistics
States Department of Labor).
index of 784 wholesale price series, though the December
1936 index was 4 percent above that for December 1935. cent above the corresponding annual indexes for 1935.
The year closed with most prices advancing above levels If the December indexes instead of annual averages
are compared, it is seen that from December 1935 to
already higher than those of a year earlier.
In other words, United States wholesale commodity December 1936 wholesale food prices declined 0.2 perprices advanced for the fourth consecutive year but cent, whereas prices of farm products advanced 13
the net gain in 1936, measured by annual averages, percent and the "all other" index advanced 4.4 perwas relatively small. The sharpest rebound from the cent. (See fig. 2 and table 2.)
depression occurred during the first year of recovery,
INDEX NUMBERS (Monthly
erage, 1926 = 100)
11 or
after the banking panic of March 1933, and while the
new legislative program respecting money (gold), agriculture, and industry was being formulated and put
into effect. The price advance was substantial but at
a diminishing rate each subsequent year, as is indicated
by the accompanying summary table.
Table 1.—Changes in the Bureau of Labor Statistics Wholesale Price
Index, 1930-36
[1926=100]
Item
1930
1931
1932
1933
1934
1935
Annual index
_. _ _
73.0
86.4
64.8
65.9
74.9
80.0
Percentage change from precedg g -15.5 - 1 1 . 2
ing year.
. _ __, .
+1.7 +13.7 +6.8
December index
79^6
68.6
62.6
70.8 76.9 80.9
Percentage change from preceding December _
-14.7 -13.8
- 8 . 8 +13.1 + 8 . 6 +5,2
1936
80.8
+1.0
84.2
+4.1
Figure 2.—Wholesale Prices of Farm Products, Foods, and Other
Commodities, 1929-36 (United States Department of Labor).
Source: Index numbers from the U. S. Department of Labor.
Principal Price Changes.
In the 12 months ending in December 1936, prices
of raw materials and semimanufactures both advanced
about 10 percent, while those of finished products
advanced less than 1 percent. The annual index for
finished products was 0.2 percent lower for 1936 than
for 1935. In other words, the price indexes of the
two economic classes which fell most rapidly from 1929
Thus, though the Bureau of Labor Statistics combined index advanced 4 percent from December 1935
to December 1936, this was mostly because of the rise
in prices of farm products which started with the
drought; there was a moderate decline in wholesale
food prices during this interval. Price advances of
basic raw materials and semimanufactures, other than
foods and farm products, played an important role in
16
SURVEY OF CURRENT BUSINESS
the general advance, however, particularly during
June, July, November, and December.
Prices of the principal grains performed spectacularly
during 1936, most of them rising very rapidly through
June, July, August, and December, though corn declined in December. The Bureau of Labor Statistics
annual index of grain prices was 7 percent higher for
1936 than for 1935, 124 percent higher than for 1932,
but 9.3 percent lower than for 1929. Comparing
monthly averages, the December 1936 index for grains
was 42 percent higher than the December 1935 figure,
12 percent higher than that for December 1929, and
244 percent higher than that for December 1932.
Prices of steers declined irregularly till the last of
August and then moved upward for the rest of the
year, beef prices showing similar but less extreme
movements. Prices of hides also made sharp gains
during the latter half of the year. Prices of hogs, on
the other hand, showed little net gain from January
to December, pork declined slightly but lard advanced
substantially during July, August, and December.
Wool, steel scrap, copper, lead, zinc, tin, rubber,
cocoa, and coffee were among the other important
commodities which had substantial to large net price
advances during 1936, most of the rise in a number of
these items taking place in November and December.
Wholesale prices of relatively few of the most important commodities were lower at the end of 1936
March 1937
than at the beginning of the year. Among these were
some livestock and poultry items and their products;
also coal, burlap, and shoes, though the net price
declines in some cases were small.
Table 3 enables the reader to see at a glance which
important individual, class, and group price indexes
were above and which were below the combined index
of the Bureau of Labor Statistics in 1936 and also where
each stood with relation to its position in 1926. Inasmuch as the annual average for 1936 was 80.8, it will be
seen that the prices of print cloth and the other commodities listed in the last section of table 3 were not up
to the average, while prices of the commodities listed
above were higher than the general average. If
December indexes (last column) are compared with the
combined index of 84.2 for December 1936, it will be
seen that many relative positions were different from
those in the preceding (annual index) column and also
that most price indexes for 1936 were higher at the end
of the year than for the average of the year. Moreover,
no group or class index shown in the table was as high
in 1936 as was the 1926 average, though among the
individual commodity indexes, barley, corn, and steel
scrap averaged higher in 1936 than in 1926. These
three commodities and eight other commodities listed
were priced higher in December 1936 than in 1926
(annual basis).
Table 2.—Percentage Changes in Wholesale Price Indexes and Other Price Indexes
Annual averages of 1936
compared with those
for-
Monthly average for December 1936 compared with those for—
Item
1929 high
December 1929
1932
1932 or 1933 low
December 193o
Month
Percent
Month
Percent
WHOLESALE PRICE INDEXES (U. S. DEPARTMENT OF
LABOR)
Combined index (784 commodities or price
series).
- 9 . 8 | July_.
-15.2
+24.7
-13.2
+16.6
-IS. 1
-19.2
+45.0
+28. 0
+3.6
+3.1
-9.9
-10.6
22. 9 +67. 8
- 9 . 4 +124.1
- 1 7 . 8 +34. 6
- 1 9 . 5 +50. 9
- 1 3 . 1 +13. 4
+2.7
+7.0
-1.9
-7.1
+ 1.0
February 1933.
+40.8
1
Economic classes:
Finished products
Raw materials
Semimanufactured articles
Farm products, foods, etc.:1
Farm products
Grains
Foods
Meats....
._
Other than farm products and foods
Groups:1
Building materials.._
Chemicals and drugs
Fuel and lighting
._
Hides and leather
House-furnishing goods
Metals and metal products
Textile products
M iscellaneous
..
-9.1
-14.7
-8.2
-12.6
-13.4
-13.4
—20.9
-14.7
+21. 4
+9.4
+8.4
+30. 9
+8.8
+8.5
+30. 2
+9. 5
+2.2
+ 1.6
—. 1
+3.7
+6.5
+1.4
+.7
+.8
+3.2
-13.2
+11.8
-13.4
-15.5
-9.2
August..
MarchJuly..
_do_.
August-.
July—January-
-13.7
-14.4
-5.2
-8.8
-8.0
-7.1
— 12.2
-9.0
-13.1
-9.4
March
February
June
January
October and DecemberMarch and April
January.
October
-7.5
-10.9
-9.5
-12.1
-12.2
-12.4
-17.5
-10. 5
-14.2
October.
-14.3
August.-
-17.8
+6.7
-17.4
-25. 3
-11.0
February, March,
April 1933
February 1933
July 1932
February 1933, _.
December 1932..
February 1933..
December 1933April 1933
August 1932
+.8
and
+76. 9
+48.3
+ 116.4
+243. 8
+59. 2
+89.6
+25.9
+ 10. 2.
+9.4
+ 13. 0
+42. 3.
_ 2
-1(X (V
+4.4
+4.7
+5. 8
+2. f>
+4. 5
March 1933
May 1933
February 1933April 1933..
d
February 1933April 1933
+28.6
+19.8
+26. 7
+46.6
+ 16.4
+16.5
+49.0
+28.9
-14.9
April 1933
+20.1
+2. 6^
-17.1
February and March 1933. +129.1
+14. 5-
+5; 2
+4. 2
+10. 4.
OTHER PRICE INDEXES
Cost of living (National Industrial Conference
Board).
Prices received by farmers (U. S. Department of
Agriculture).
Retail foods (U.
S. Department of Labor)
Retail prices 2 (Fairchild Publications)
-15.3
-21.9
+8. 9 j +2. 7
+75.4
+5.6
+20. 2 I +2.1
+17. 3 +2. 7
.do
SURVEY OF CURRENT BUSINESS
March 1937
17
Prices of Farm Products.
conditions, Government expenditures—including the
Note that table 3 reveals that the index of the whole- the prepayment of the World War veterans' adjusted
sale prices of farm products in 1936 averaged 80.9, as compensation certificates and foreign demands for raw
compared with 80.8 for the combined index for all com- materials and other products, partly attributable to
modities. Thus, compared with the 1926 levels, prices military preparations. These influences are not indeof farm products were at a parity, or slightly above pendent and capable of a satisfactory separate analysis,
parity. Furthermore, it may be noted that the ratio rather they are very complex and inseparable and defy
of prices received to prices paid by farmers, according
INDEX NUMBERS (Average, I92?~25 - lOp)
to the indexes of the United States Department of
Agriculture, stood January 1937 at 102 or 2 percent
above the pre-war relationship. From this it is seen
that the objective of agricultural price parity sought by
the Agricultural Adjustment Act was achieved by the
beginning of the current year.
Cost of Living.
Cost-of-living trends from 1929 through 1936 are
shown in figure 3. Most of the constituents of the
Bureau of Labor Statistics' index advanced during the
year; the average of all items was 1.4 percent higher in
December than in January. Fuel and light declined
slightly; the "miscellaneous" item remained practically
stationary. Though rents advanced substantially, the
rise in the Bureau of Labor Statistics' index from the
depression low has been very small indeed as compared
with the advances in most other constituents of the
index.
Influences Affecting Domestic Prices.
The outstanding domestic influences affecting prices
generally in 1936 were: The rising tide of recovery, the
second severe drought in 3 years, easy money and credit
Figure 3.—Indexes of the Cost of Goods Purchased by Wa£e Earners and
Lower-Salaried Workers, 1929-36 (United States Department of Labor)
NOTE—Data lepresents an average for 32 large cities for all items except the food
index which represents an average of 51 cities.
exact analysis of their several effects. Perhaps most
significant, however, is the fact that economic recovery
like economic decline tends to be cumulative in its
effects. The cycle of increased employment, larger
pay rolls, and distributions of dividends increase the
national income and purchasing power, hence the demand for more goods and services, more labor at higher
Table 3.—Wholesale Price Indexes of Commodities by Economic Classes, Groups, and I m p o r t a n t Individual Commodities
NOTE.—The items under each group, and the important individual commodities are arranged in this table according to the deviation from the 1936 annual average
(80.8) for the combined index.
[Index numbers monthly average, 1926=100]
GROUP
Combined index (784 commodities or price series)..
Economic classes:J
Finished products
Raw materials
Semimanufactured articles
Foods, farm products, etc.: 1
Foods
Farm products
All commodities other than foods and farm products,.
Principal groups: *
Hides and leather
Metals and metal products
Building materials
__
House furnishing goods
Chemicals and drugs
Fuel and lighting
Textile products
Miscellaneous
Index
Monthly
Annual average
average for Defor 1936 cember
1936
80.8
84.2
82.0
79.9
75.9
83.8
85.6
82.3
82.1
80.9
79.6
85.5
88.5
82.2
95.4
87.0
86.7
81.7
80.4
76.2
71.5
70.5
99.7
89.6
89.5
83.2
85.3
76.5
76.3
74.5
119.2
113.2
109.7
98.3
96.7
95.6
92.7
92.0
184.5
143.9
127.2
117.6
101. 2
95.6
102.0
92.0
IMPORTANT INDIVIDUAL COMMODITY
COMMODITIES ABOVE THE ANNUAL AVERAGE
Barley/fair to medium, Minneapolis.
Corn, no. 3 mixed, Chicago
Steel scrap, heavy, melting, Chicago..
Steers, fair to good, Chicago
Bars, steel, merchant, Pittsburgh
Portland cement, composite price
Beef, fresh, carcass, ChicagoPaint, outside, white, flat, factory
1
Each group constitutes the 784 commodities or price series.
126236—37
3
IMPORTANT INDIVIDUAL COMMODITY
Index
Monthly
Annual average
average for Defor 1936 cember
1936
COMMODITIES ABOVE THE ANNUAL AVERAGE—CONTINUED
Wool, Ohio H and 2A grades, medium, Boston
Oats, no. 2 white, Chicago
._.
Hides, cow, light, native, Chicago
Sodium ash, light, 58 percent f. o. b., works
Lumber, composite price
Flaxseed, no. 1, Minneapolis
Sugar, raw, 96° centrifugal, New York
Cottonseed oil, prime, New York
Rye, no. 2 cash, Chicago
89.5
88.9
87.7
86.0
84.5
83.4
83.2
82.7
81.6
106.0
119.7
105.1
86.0
89.6
94.7
88. 2
93.0
120.4
80.6
79.7
79.2
79.2
76.3
75.1
74.3
71.0
69.1
68. 6
68.5
63.4
58.9
57.1
56.0
51.7
50.0
42.5
33.9
105.2
75.4
77.3
80.6
90.1
89.5
77.1
79.5
72.9
77.4
73.0
64.0
59. 5
57.1
66.2
80.9
83.1
50.0
41.5
31. 8
COMMODITIES BELOW THE ANNUAL AVERAGE
Print cloth, 38J-S inch, factory
Pork, fresh, composite price, Chicago
Hogs, light, good to choice, Chicago
Anthracite, chestnut, composite price
Lard, prime, New York
Wheat, no. 2 hard, winter, Kansas City
Butter, creamery, extra, 92 score, New York
Tin, pig, New York
Cotton, middling, New York
Copper, electrolytic, refinery
Zinc, pig (slab), New York
Glass, plate, polished, 3 to 5 square feet, New York
Burlap, 10^2-ounce, 40-inch, New York
Paper, newsprint, rolls, destination
Lead, pig, New York
Cocoa beans, Arriba, spot, New York
Rosin, B grade, New York
Coffee, Santos, no. 4, New York
Rubber, crude, plantation, ribbed smoked sheets, New York
Silk, raw, Japan, 78 percent double extra crack. New York
Source: U. S. Department of Labor, Bureau of Labor Statistics.
18
SURVEY OF CURRENT BUSINESS
wages, etc. This movement engenders an improvement
in the psychology of both business men and consumers
which is reflected in a greater willingness to plan ahead
and anticipate requirements.
Prices in Foreign Countries.
Changes in wholesale prices during 1936 varied considerably in the leading foreign countries, according to
the available indexes. In some countries the movement of the indexes followed rather closely the movement of prices in the United States, but in others they
were influenced materially by special factors, such as
currency devaluation, official price regulation, and
developments in the labor market. It should be
noted, however, that foreign price indexes are not
entirely comparable with each other nor with the
comprehensive United States Bureau of Labor Statistics' index; hence, the variations between individual
countries are not subject to precise measurement. In
Belgium, Sweden, the United Kingdom, and most
other countries where there were no changes in the
currency basis, prices were firm but relatively stable
until after the middle of the year, but there were
moderate advances in the second half. Japan also
might properly be classed in the foregoing group,
except for a rather spectacular increase in prices during December which was attributed to the domestic
political and financial situation.
In the former "gold bloc" countries, except France,
price movements were similar to those in the foregoing
March 1937
group until about the end of September, when the
currencies were devalued. The dependence of such
countries on imported goods was one of the factors
causing a sharp increase in prices in the "gold bloc"
countries during the fourth quarter, although the rise
was checked to some extent by accompanying reductions of duties on basic commodities and by pricecontrol measures intended to prevent undue advances.
The upward movement of prices in France was
unique because of unusual domestic developments.
Uncertainties regarding the impending elections caused
some speculative advances during the first half of the
year, though the movement was much less rapid than
in the latter half year. The election period brought
with it a series of "sit-in" strikes followed by general
wage rises and the introduction of vacations with pay
for laborers. The resultant increase in costs of production was followed by an increase in wholesale prices
(11 percent between June and September) which was
accentuated during the final quarter of the year by the
devaluation of the franc at the end of September.
The increase in the wholesale index between June and
December reached 37 percent.
Price conditions in Germany were peculiar to that
country because of the rigid Government controls exercised relative to prices, sales, and distribution of commodities. Furthermore, the price index does not make
allowance for the altered quality of many products.
The current statistics on prices usually presented in
a table on page 3 are presented in table 4.
T a b l e 4 .—Monthly I n d e x e s of C o m m o d i t y Prices
So
Wholesale prices (Department of Labor)
Retail prices
1—i
January
January
January
January
January
January
Januarv _ ._ .- ._
December _ _
1936:
January __ _ .
February
March
April
May
June
July
.
. _
August
September
October
.
November
December
1937:
January
.
__
._
95.9
92.5
78.2
67.3
61.0
72 2
94.7
92.1
81.5
72.1
66.7
76.0
98.8
94.0
72.7
58.3
50.2
64.1
94.6
90. 2j
73.7
63.1
56.9
71.9
105. 9
101.0
73.1
52.8
42.6
58.7
98.3
93.8
62.4
46.7
32.9
63.7
98.9 105.7
97.3 106.2
80.7 88.4
64.7 61.9
55.8 49.5
64.3 48.9
92.3!
89.5
79.0
71.7
67.3
78.3
95. 5
94.3
83.8
74.8
70. 1
86 3
78.8
80.9
80.8
83.1
76.6
77.7
71.2
75.2
77. 6
78.3
88.8
76.6
79.9
85.7
81.6
97.5
77.7
78.7
84 9 79 3 7? 9 86 ?, 81 ?, 85 8 70 3 70 7
85.5 80 6 74.6 95.4 81 0 86 8 73 ?, 67 5
80.6
80.6
79.6
79.7
78.6
79.2
80.5
81.6
81.6
81.5
82.4
84 2
82.4
82.2
81.3
81.6
80.5
80.7
81.6
82.4
82.3
82.0
82.6
83.8
78.1
79.1
77.4
77.0
75.8
77.6
79.8
81.5
81.8
82.1
83.1
85.6
74.8
74.6
74.4
74.5
74.1
73.9
75.2
75.6
75.9
76.2
78.6
82.3
78.2
79.5
76.5
76.9
75.2
78.1
81.3
83.8
84.0
84.0
85.1
88.5
78.9 83.5
78.3 83.2
75.6 80.1
73.9 80.2
70.6 78.0
73.0 79.9
88.9 81.4
102.4 83.1
102.0 83.3
102.1 82.6
102. 9 83.9
109 0 85 5
94.9
92.1
89.7
91.0
85.1
85. 1
84.9
86.4
87.3
84.4
85.2
87.2
78.8 85.7 80.5
79.0 85.5 80. 1
78.9 85.3 79.3
78.9 85.7 78.5
78.8 85 8 77 7
78. 8 1 85. 8 78.0
79.5 86.7 79.4
79.7 86.9 79.8
79.6 87.1 81.7
80. 1 87.3 82.2
81.0 87.7 82.5
82 2 89 5 85 3
85.9
84.9
88.1
85.4
91.3 113.0
90.6
83.4
1
Middle of m o n t h .
87.1
2
If
xn
Foods ( D e p a r t m e n t
Labor) 1
0
ai
°~
||
ci
Q
Dec.
Mo.
Mo.
Mo.
1930
average, average, average,
(Jan.
1,
1909-14
1923-25
1923 =
1931
=
= 100
= 100
100
100)
M o n t h l y average, 1926=100
19291930:
1931:
1932:
1933:
1934:
1935:
Cost of living (Nation
trial Conference Bo
Miscellaneous
Textile products
Metals and metal products
House-furnishing goods
Hides and leather
Fuel and lighting
Building materials
Meats
Foods
Grains
Farm products
Semimanufactures
Raw materials
Finished products
Year and month
Chemicals and drugs
Groups and subgroups
Farm prices, combined
commodities (Depari
Agriculture)
Economic classes
o
Other than farm products and foods
Combined Index, 784 c
modity quotations
a
95.6
93. 0
84.5
75. 7
71.6
74.4
84.2 113.4
81.7 105.1
73.3 88.7
67.9 79 3
66.0 68.9
73 1 89 5
75.1
76.1
76.2
76.4
76 0
76. 1
76.2
76.3
76. 1
76.8
76.8
76 5
97.1
96.1
94.9
94.6
94 0
93.8
93.4
93.6
94.6
95.6
97.0
99 7
93.9
93.8
88.3
77.6
72 9
80 8
81 4
81.5
81.4
81.5
81.5
81.4
m ?
81.4
81.7
82.0
82. 3
S3 2
100.1
97.2
86.9
81.8
78 ?,
85.5
86.7
86.7
86.6
86.6
86 3
86.2
86 9
87. 1
86.8
86.9
87.9
89 6
92.5
87.2
71.3
59.6
51 9
76 5
71 7
71.0
70.8
70.2
69 8
69.7
70.5
70.9
70.9
71.6
73 5
76 3
82.7
81.3 I
72.2
65. h
61.2
67 5
67.8
68. 1
68.3
68.6
69 ?
69.7
71.0
71.5
71.3
71.5
73 4
74 5
91.3 87.7 78.6 101.7 86. 5 90.9 77.5 76.2
Index is as of the 1st of the following month.
1
99.8
99.7
91. 5
81.6
73.7
77.7
147
81.2
83.9
107
83.9
83.5
83.2
83.4
83.8
85. 1
85.2
85. 6
85.9
85. 7
85 8
86. 1
86.9
102.7
104. 6
89.2
72.8
62. 6
70.5
98.~T
81.3
71.1
88.5
77.5
82 0
86.8
88.2
109
109
104
105
103
107
115
124
124
121
120
81.7
80.6
79.5
79.7
79.9
83.8
84.0
84.0
84.3
82.8
825
82.9
88.3
88.3
88. 1
88.1
88.1
87.9
88. 1
88.5
89.3
90.0
90.8
91.7
131
84.6
93.0
101
71
60
77
no
19
SURVEY OF CURRENT BUSINESS
March 1937
NEW OR REVISED SERIES
Table 12.—REVISED INDEXES OF FACTORY EMPLOYMENT
[Month iy average , 1923-25== 100]
U. S. Department of Labor (without adjustment for seasonal
Federal Reserve (with adjustment for seasonal variation)
•92.9
*96.4
*98.7
99.1
•98.9
•97.4
"96.4
•96.8
•88.7
•95. 6
•95.5
•96.7
•71.7
•73.4
•76. 6
•79.2
•81.6
•83. 5
78.6
76.2
72.6
72.4
73.4
74.4
*72.9
*75. 5
•79.3
*82.6
•83.4
•83.3
•82.5
•82.0
•79.8
•79.3
•79.6
80.5
•59
•66
*66
•76
•74
•68
•67
•64
•64
•70
75
76
•69.8
80.1
87.7
91.8
91.2
90.4
85.1
85.5
•81.1
75.9
74.8
82.6
•32
•35
•37
•39
•42
•48
•48
•44
•40
•34
•32
•33
Mlonthlv averasrp
1935
January
February
_ ..
March
April
May_.
June
JulyAugust _ . . . _ _ .. _
82.2
85.1
86.2
86.3
84.8
83.2
83.5
86.3
88.1
89.4
88.8
88.3
86.0
70.0
73.4
75.1
75.9
75.4
73.5
73.4
74.7
75.4
79.2
80.3
80.0
95.4
97.5
98.1
97.4
•94.9
93.6
•94.4
98.7
•101. 7
100.3
97.8
97.2
75.4
78.9
80.1
80.3
80.4
79.7
79.0
81.1
82.7
84.7
85.1
85.2
•82.3
•84.7
•86.8
88.0
87.4
87.2
88.4
90.0
93.7
•95.6
*96.5
•95.9
84.1
85.3
85.7
85.6
84.6
83.7
85.0
86.1
86.3
87.3
88.1
88.7
71.4
73.4
74.4
74.4
73.7
72.8
74.3
75.7
76.2
78.3
79.3
80.0
97.7
98.1
97.8
97.6
•90. 4
95.3
•96.4
97.3
•97.2
96.9
97.4
98.1
77.2
79.1
79.8
79.7
79.4
79.2
79.4
81.1
82.3
84.2
85.3
85.7
•83.1
•85.1
•87.0
87.9
87.2
87.4
89.6
90.8
93.0
•94.3
•95.5
•95.5
79
79
•88
82
84
105
116
115
112
113
116
120
89.9
94.7
•96.1
95.7
•93.7
91.3
90.9
91.9
89.0
•95.6
99.0
101. 0
•35
•41
•47
•49
•50
"40
•27
•27
•29
•36
•43
•47
97.3
81.1
*89.7
93.2
•101.6
•104. 2
•105. 3
103.1
94.1
87.8
84.0
76.2
•92.9
101.7
104.0
•95.7
•30. 9
•39.3
•47.1
•53. 3
•54.4
•43.8
•28.0
•28.8
•29.3
•34.2
•39.2
•42. 8
75.5
81.1
83.7
•92.7
86.1
86.6
102.6
108.9
109.4
109.5
107.5
114.6
119.6
100.2
- -.
86.8
86.9
87.9
89.1
89.8
90.1
91.2
93.5
95.5
96.7
96.9
98.1
91.9
78.7
78.6
80.2
82.3
84.0
84.7
84.6
84.7
85.7
89.2
91.0
92.7
84.7
95.4
95.8
96.1
96.3
•96.0
•95.9
•98. 2
102.8
105. 9
•104. 7
103.3
104.0
99.5
84.4
84.4
85.6
87.8
90.1
91.4
93.0
95.3
97.2
98.9
99.3
100.4
92.3
•95. 3
*95. 5
96.9
99.6
102.4
103.6
104.0
104.4
107.5
109.6
111.4
114.1
103.7
124.6
126.4
128.8
131.1
129.1
123.6
110.1
957
93.9
97.5
93.2
102.9
113.1
102. 6
99.8
100.9
104.9
106.3
105.3
101.9
93.0
87.3
102.1
115.0
122.1
103. 4
•41.0
•43.9
•49.7
•55. 0
•55. 2
•57.1
•54. 2
59. 0
57.3
58.7
57.5
56.8
53. 8
88.8
87.4
87.7
88.6
89.8
90.4
92.8
93.4
93.8
94.4
96.2
98.5
80.4
79.2
80.1
81.2
82.7
83.8
85.6
85.7
86.6
88.2
89.9
92.7
97.8
96.3
95.8
96.5
•97.3
•97.6
•100. 4
•101.8
101.6
101. 2
•102. 9
104.9
86.4
84.7
85.3
87.1
89.0
90.8
93.5
95.3
96.8
98.4
99.6
101. 0
•96.3
•95.8
96.9
99.3
102.2
103.9
105.4
105.3
106.8
108.4
110.4
114.0
122
120
123
124
125
126
117
101
96
102
95
103
100.0
97.0
97.7
99.2
101. 3
102.2
105.1
100.9
100.8
105. 0
112.3
118.7
•46
•46
•50
•51
•50
•53
•52
56
56
61
64
62
May
- .
December. _ .
Monthly average.
Transportation
group
Machinery group
Iron
Iron
Durable goods
Cars—electric and
steam railroad
*64. 8
•67.3
70.4
72.6
•73.8
•73. 7
71.4
70.1
68.2
67.1
67.0
68.9
Agricultural implements
Nondurable goods
•28.4
•34. 0
*37.1
•41.7
•45.7
•52.2
•50.4
*46. 7
•40.4
*33.0
•29.2
•30.7
•39.1
and
steel
group
Durable goods
*71.6
85.2
94.4
100.2
100.4
96.1
88.8
84.2
74.5
64.5
62.6
78.9
83.5
•63.2
•67. 0
70.9
73.9
•75.6
*74.8
71.4
70.0
68.1
66.7
66.1
68.1
Machinery group
•60.2
*69. 2
•69.5
•79.8
•75.9
•67.1
•63.4
•61.1
•62.0
67.3
73.4
76.3
68.8
*76.5
•81.1
•84.4
•86.0
•86.2
•84.9
82.5
83.6
80.1
•82.2
80.4
81.5
82.5
and
steel
group
•72.1
•75.1
*79. 0
•82.5
•83.5
•83.1
•81.4
•81.4
•80.5
•80.4
•80.4
80.9
•80.0
•78.3
•81.4
•84.0
•85.4
•85. 9
•85.2
•83.4
83.0
78.1
80.8
80.8
82.3
69.7
•70.0
•73. 3
*76.9
•79.8
•82.7
•84.1
78.1
76.2
73.0
72.9
73.2
73.9
76.2
Nondurable goods
All manufacturing industries
.
_
June
July
August
September
October
November
Cars—electric and
steam railroad
May
June..- .-
September
October
_.
November
December.
M!onthlv averasre
1936
January
February
March.
_
April
Transportation
group
1934
Januarv . _ _ _ . __
February
March.
April
.
•90.8
•96.1
*98.8
•99.0
•97.5
•95.7
•94.3
•98 2
•92.9
•98.9
•95.7
•95.9
96.2
All manufacturing industries
Year and month
July
August
September..
October
November.
December
Agricultural implements
variation)
•39. 3
Table 13.—REVISED INDEXES OF FACTORY PAYROLLS'
[Monthly average, 1923-25 = 100]
Departmen t of Labor (without adjustment
for seasonal variation)
Year and month
1934
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average
1935
January
February
March
April
May
June.-_.
July
2c
Z ft
t* 3
©o
o
•54. 6
•61. 3
•65. 6
•68.1
•68.1
*66. 0
61.4
•63. 2
•59.1
62.2
60.7
64.2
42.7
•48.9
53.9
•58. 6
60.1
•58.6
51.4
51.4
47.0
48.1
47.8
51.9
•69. 7
•77.1
•80.4
•80.1
*78. 3
*75.4
74.2
78.3
74.5
*80.0
*77. 0
*79.8
•43.8
*48.7
54.6
•60.7
•65. 5
•66.9
51.1
48.7
43.7
45.6
47.2
51.1
•63. 5
*65. 5
•65.1
•61.8
•61. 6
•58.8
60.4
60.5
*63.8
•52. 4
•60. 9
•62. 9
•75.3
•70.1
•61.2
•56.5
•54.9
•53.7
61.3
70.5
73.9
62.9
51.7
77.1
52.3
60.4
65.0
70.0
71.7
71.7
69.4
67.4
66.5
53.8
60.1
62.0
63.2
61.4
59.1
57. 3
•79. 3
82.6
84. 0
*82. 5
79.5
•77.9
•78. 2
55.9
63.9
64.1
64.0
62.8
60.0
56. 5
•64.2
•67.8
70.8
•71. 5
71.7
70.8
71.2
1
•50. 3
•54. 6
5§
•20.1
•27.2
*29.9
•34.4
•37.8
•43.6
•39.0
•39.3
•30.7
•26.4
•23.1
•24.2
62.8
47.6
•64. 7
76.2
83.2
79.4
•70.5
59.4
63.4
•47.3
•45.1
•43.9
61.1
•61.8
78.7
80.6
93.6
86.2
87.1
105. 4
113.2
71.8
85.4
88.5
92. 2
•84.6
•74.2
67.6
•24.4
•33. 3
•41.9
•50.0
•50.6
•36.5
•21.4
•31.3
U. S. Department of Labor (without adjustment
for seasonal variation)
Year and month
1935—Continued
August
September
October
November
December
Monthly average
•- 2
if
si
71.0
73.7
76.4
75.6
77.6
71.3
61.0
62.9
68.4
69.9
71.5
73.8
73.7
77.6
79.3
§1
63.8
67.4
70.4
70.1
74.3
75. 2
79.2
*82.7
83.1
85.1
62.6
83.7
87.3
86.5
82.8
•85.3
82.5
64.4
74.4
81.1
80.2
83.5
83.6
89.0
90.7
95.1
66.9
66.6
71.8
76.0
78.5
79.0
75.9
77.0
77.2
85.3
88.9
93.1
82.5
82.7
•84.9
•83.5
•83.8
83.9
•85. 6
91.8
91.6
•93.7
92.9
97.6
69.6
70.3
75.4
79.7
83.0
84.6
81.8
86.8
87.1
93.2
95.8
102.0
82.4
78.0
87.9
84.1
82. 5
83.5
8G. 8
91.2
94.7
95.8
92.8
93.9
94.7
102.7
105.6
113. 6
94.8
fi
114.8
113.4
112.5
120.5
129. 8
103.0
•64.8
59.6
78.0
91.4
92.1
79.2
•34.1
136. 0
138. 5
143.9
145.9
142.4
131.4
108.3
91.5
87. 1
105. 9
102.0
121. 5
85.7
77.1
87.0
99.9
101.6
98.7
92.6
81.0
76.3
95.8
113.4
120. 9
•36.8
•39.7
•46.0
•52.4
•51. 6
•54.0
•50. 5
55.3
52.6
59.7
57.6
59.9
121.2
94.2
51.3
•23. 6
•23.8
•29.7
•34.3
•39.9
1936
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average
Data represent a revision of the unadjusted and adjusted indexes of employment and pay rolls for certain industries and industry groups for the years 1934-36, and supersede the figures for these series previously shown in the Survey. A recently completed inspection of available data for several of the manufacturing industries by the U. S.
Department of Labor resulted in computing the revised indexes which present a more accurate record of employment and pay-roll changes in the Department's reporting
sample for these industries than was shown in the previously published series. The industries which have been revised are (1) hardware, (2) wirework, (3) agricultural implements, (4) engines, turbines, tractors, and water wheels, (5) aircraft and (6) cars, electric and steam railroads. Adjustment of the separate industry indexes caused modifications in the respective industry group indexes, that is, iron and steel and their products, not including machinery; machinery, not including transportation equipment;
and transportation equipment; in the durable and nondurable goods indexes, and in the combined indexes for employment and pay rolls. The Board of Governors of the
Federal Reserve System also revised the adjusted indexes for employment which are derived from the unadjusted series published by the U. 8. Department of Labor. The
changes were effected at various dates over the period from January 1934 to December 1936, but for the sake of convenience, the entire period is presented and the months
which the indexes were not affected by the change are marked with an asterisk (*).
Digitized for for
FRASER
20
SURVEY OF CURRENT BUSINESS
March 1937
WEEKLY BUSINESS INDICATORS 1936
Freight-car loadings
Bank debits outside New York
City
Total loans
Interest rates,
call loans
Interest rates,
time loans
Money in circulation
Commercial failures
Bond prices
Stock prices
Automobiles
Bituminous coal
C o t t o n consumption
Electric power
Lumber
Petroleum
48.6
57.5
56.5
64.1
63.8
61.0
115.1
90.6
84.1
80.6
66.0
65.0
65.0
64.6
18.2
18.2
18.2
18.2
22.9
22.9
22.9
22.9
121.1
119.4
118.1
117.7
50.6
64.4
59.2
60.4
110.6
111.6
112.5
112.9
116.6
118. 2
119. 2
119.1
84.3
128.6
124.7
113.3
95.4
89.0
84.9
82.1
103.4
102.4
96.9
100.6
111.3
118.3
117.0
117.4
35.8
48.6
50.0
52.3
134.6
134.9
136.1
135.4
80.8
85.6
85.6
80.6
31.1
48.9
39.3
64.9
64.8
65.8
61.2
70.2
77.2
88.5
81.2
88.7
94.0
64.0
63.8
64.0
63.9
63.7
18.2
18.2
18.2
18.2
18.2
22.9
22.9
22.9
22.9
22.9
117.6
118.5
118.9
119.2
119.6
54.1
51.4
47.7
51.6
46.2
113.1
113.5
114.4
114.9
114.7
121. 2
123.1
123.8
124.2
122. 6
112. 4
91.6
97.9
82.3
85.1
88.5
99.6
102.3
98.2
97.1
99.2
96.9
100.1
103. 8
102.4
117.8
117 2
117.0
116.6
114.2
48.5
45.5
41.3
40.6
45.4
135.2
132.7
133.2
133.4
133.2
85.5
86.9
88.6
90.2
92.3
48 2
47.7
46.3
66.2
64.3
59.1
62.6
94.0
79.6
93.3
78.0
65.3
66.2
66.0
65.6
18.2
18.2
18.2
18.2
22.9
22.9
22.9
22.9
120.6
120.7
120.6
120.5
49.4
54.5
53.6
47.7
115.0
114.1
114.1
114.0
125. 7
123. 4
124. 4
125.1
111.0
118 8
124.8
129.0
85.1
73.4
55.1
61.7
100. 6
103.4
97.8
97.4
113.6
114.1
111.8
112.1
45.5
47.4
49.6
47.6
132.5
134.8
136.2
138.1
96.1
99 5
87.5
101.2
52.4
69.0
64.0
64.9
67.0
69.5
103. 8
87.6
100.8
87.1
67.1
67.0
67.0
66.7
18.2
18.2
18.2
18.2
22.9
22.9
22.9
22.9
121.4
121.8
121.4
121.0
54.3
52.8
42.8
47.4
113.8
114.3
114.1
113.5
126. 6
128.6
127. 6
123. 2
142.1
147.9
157.1
158.0
72.5
71.8
66.4
69.6
97.8
99.7
104.3
103.3
115.0
116.1
114.9
116.0
47.6
48.4
49.6
51.2
138.0
138.7
140.9
140.8
105.9
110.5
117.2
118.9
50.1
59.2
48.4
70.0
69.8
71.1
71.3
67.5
85.0
95.9
82.0
87.8
80.2
66.8
67.3
66.9
66.8
66.4
18.2
18.2
24.2
24.2
24.2
22.9
22.9
28.6
28.6
28.6
121.1
122.0
121.7
121.7
122.1
48.2
42.0
50.6
42.8
44.2
112.9
113.3
113.6
113.9
114.2
119.0
120.5
121.9
122.2
124.4
155.7
155.7
153.6
143.9
142.0
67.0
67.1
66.1
66.6
74.0
106.5 115.8
108. 4 116.9
108.4 117.8
101.5 117.3
114.4 115.4
51.5
52.7
54.4
57.4
57.3
140.5
142.2
144.4
144.4
141.3
117.7
116.6
116.6
116.6
115.7
78.4
78.7
78.7
79.4
51.9
53.9
64.8
72.6
71.6
72.0
74.4
107.4
97.0
95.9
84.9
69.0
68.6
68.3
67.2
24.2
24.2
24.2
24.2
28.6
28.6
28.6
28.6
122.8
122.7
125.3
127.4
46.2
42.3
47.2
40.5
114.3
114.5
114.8
114.7
124.3
127.2
129.7
130.4
133.4
131.6
132.0
130.7
64.1
65.9
65.8
67.5
111.6
113.4
111.1
113.4
116.7
119.4
120.3
121.8
50.9
52.1
52.1
55.8
140.9
142.6
142.2
142.5
113.0
114.6
116.2
116.2
79.5
80.3
80.1
80.2
60.2
84.6
67.8
75.5
75.1
76.2
111.5
104.4
91.1
90.8
67.7
66.9
67.3
66.8
24.2
24.2
24.2
24.2
28.6
28.6
28.6
28.6
129.1
128.6
127.7
126.9
39.8
34.4
33.4
34.6
114.6
114.9
115.4
115.6
129.. 5
130. 5
135., 5
137, 5
132.0
128.4
119.3
127.0
76.4
67.0
69.1
71.6
109.3
112.1
120. 3
124.5
117.4
121.8
126.1
125.3
38.4
52.9
48.6
55.8
138.8
141.5
143.0
142.2
118.6
107.3
112.1
115.3
78.0
76.0
76.8
76.7
78.6
82.9
92.5
83.3
88.9
77.1
66.4
66.5
66.8
67.0
67.4
24.2
24.2
24.2
24.2
24.2
28.6
28.6
28.6
28.6
28.6
126.6
127.3
127.5
127.6
127.7
43.0
35.6
36.6
33.2
33.9
115.8
115.7
116.0
115.8
116.0
137,6
137.1
137.1
133.9
134.2
125.4
107.1
74.2
98.4
70.7
72.5
74.3
75.7
74.7
78.3
126.8
129.5
128.2
122.2
121.7
124.8
124.8
125.7
127.6
128.2
60.0
62.0
57.4
55.3
56.6
141.5
142.3
147.4
147.4
145.6
117.1
120.7
119.0
122.3
122.3
79.8
73.0
82.3
84.2
87.3
81.4
99.1
87.6
67.6
69.0
69.3
69.2
24.2
24.2
24.2
24.2
28.6
28.6
28.6
28.6
128.7
129.1
129.0
128.6
40.0
27.0
31.9
32.9
116.5
116.8
116.9
117.2
135.6
137.8
135.9
137.0
41.5
35.2
44.0
20.7
80.4
91.8
83.3
85.6
117.1
121.7
123.1
129.1
126.0
121.8
130.3
129.5
51.7
49.1
55.3
56.5
144.5
145.0
145.8
145.5
114.2
117.6
122.5
124.2
57.9
50.9
50.8
85.4
85.5
86.2
85.1
84.9
96.1
100.1
99 2
103.8
93.5
70.0
69.6
69.6
70.0
69.8
24.2
24.2
24.2
24.2
24.2
28.6
28.6
28.6
28.6
28.6
129.5
130.1
130.3
130.2
130.3
36.1
40.3
34.2
39.3
36.6
117.4
117.8
117.8
117.5
117.3
137.1
141.0
142.2
141.6
141.4
29.9
51.6
63.0
78.3
87.8
89.4
93.7
94.5
95.2
97.7
123.1
119.0
124.0
120.3
121.2
130.2
130.1
130.3
130.1
130.6
63.2
62.7
61.5
63.5
71.1
143.4
145. 2
147.9
148.0
146.1
127.3
128.1
126.4
124.7
125.3
81.3
82.0
82.4
82.6
48.4
48.5
70.8
79.2
81.8
82.3
70.9
93.9
96.5
116.3
102. 2
69.8
70.1
70.0
70.2
24.2
24.2
24.2
24.2
28.6
28.6
28.6
28.6
131.4
131.8
131.5
132.5
37.1
40.8
35.1
31.7
117.5
117.8
117.8
117.8
145.2
146.4
146.0
144.4
110.0
136.6
144.4
136.6
100.0
103.1
98.4
112.4
123.1
120.8
123.5
124.5
130.2
130.3
131.8
128.1
49.4
43.8
46.2
44.3
142.8
145.9
147.0
144.6
130.2
130.2
130.2
130.2
87.7
86.6
87.3
87 9
83.0
83.4
83.7
84 1
42.7
65.2
77.7
77.1
76.1
58.6
119.3
100.3
117.2
122.9
70.5
71.3
72.6
73.4
24.2
24.2
24.2
24.2
28.6
28.6
28.6
28.6
133.5
134.0
135.4
137.3
39.8
37.8
44.0
39.8
118.1
118.2
118.1
117.5
143.5
142.6
141.7
138.4
131.9
156.0
158.6
100.9
100.4
103.3
101.5
92.8
124.5
125.4
124.5
127.7
134.7
136.7
136.6
124.9
49.0
48.8
44.0
39.5
144.0
149.8
151.0
150.4
127.7
132.7
134.4
125.3
88.8
84.7
42.6
61.3
122.9
73.5
24.2
28.6
135.1
42.5
117.7
139.5
94.1
100.5
133.7
124.2
36.4
149.8
130.5
Fisher's
Department of
Labor
Jan 4
Jan 11
Jan.18
Jan. 25
94.7
95.6
94.1
92.4
72.9
73.3
73.3
73.3
84.0
84.4
83.8
83.9
80.9
80.5
80.2
80.2
Feb. 1
Feb 8
Feb 15
Feb. 22 .
Feb. 29
92.5
91.6
91.9
91.3
92.0
71.6
70.7
68.7
68.5
67.4
84.0
83.5
83.4
83.8
83.3
80.5
80.4
80.6
80.8
79.9
Mar 7
Mar 14
Mar. 21
Mar. 28
92.0
92 4
89.9
91.6
68.8
67.9
67.9
67.7
82.8
82.4
82.5
82.6
79.7
79 2
79.3
79.3
Apr 4
Apr 11
Apr. 18
Apr. 25
94.6
95.3
95.4
96.6
71.1
71.5
72.1
72.3
82.5
82.5
82.6
82.5
79.2
79.5
79.7
79.6
96.0
96.8
97.1
96.4
_. __ _ 98.5
72.6
74.3
74.3
74.5
74.1
82.2
81.6
81.0
80.5
81.2
79.1
78.6
78.1
78.2
78.4
97.9
97.8
99.3
99.8
74.0
74.2
74.3
74.3
81.2
82.3
82.5
82.6
102.2
101 4
100.4
101.1
77.3
75.6
76.6
77.3
83.1
83.8
83.3
83.2
Aug. 1.
Aug. 8
Aug. 15
Aug. 22
Aug. 29
102.7
103.2
102.2
103.6
102.8
78.0 83.7
77.8 84.3
76.9 1 84.0
77.5 84.1
77.4 83.8
80.3
81.1
81.1
81.5
81.2
Sept 5
Sept 12
Sept. 19
Sept 26
101.9
101 7
102.2
102.7
77.0
75 9
76.7
76.6
83.7
84 2
84.1
84.0
80.9
81.5
81.4
81.0
Oct. 3
Oct 10
Oct. 17
Oct. 24
Oct. 31
102.3
102 5
102.3
101.1
101.1
77.3
76 9
76.0
75.3
75.1
84.0
83 8
83.8
84.0
84.5
81.3
81.2
81.2
81.1
81.2
Nov. 7
Nov. 14 _
Nov. 21
Nov. 28
101.3
104.0
105.6
106.8
75.9
75.9
76.9
79.7
84.7
85.3
86.1
86.0
106.3
Dec 5
108.6
Dec. 12
Dec. 19 . . _ . . 110.5
107 8
Dec 26
81.9
81.7
82.7
83 8
103.0
82.0
Week ended
Saturday 2
Finance
Production
Steel ingots *
Business Week
Wholesale
prices
New York Times s
Business
activity
Construction co ntract
awards
[Weekly average 1923-25=100, except where noted]
1936
May 2
May 9
May 16.
May 23
May 30
_. .
June 6
June 13
June 20..
June 27
July
July
July
July
4
11
18 . 25
Jan. 2
43.4
52.5
68.3
55.1
72.3
80.6
61.9
68.7
43.5
NOTE.—The following footnotes also apply to the weekly business indicators shown on p. 21 of this issue.
1 Sources of the data are as follows: Business activity, New York Times; Business Week, The McGraiv-Hill Publishing Co.; Wholesale prices, Fisher's, The Index Number
Institute; Department of Labor, U. S. Department of Labor, Bureau of Labor Statistics; construction contract awards, F. W. Dodge Corporation; freight-car loadings, Association of
American Railroads. Finance, bank debits, outside New York City, total loans, and money in circulation, Board of Governors of the Federal Reserve System; interest rates (time
and call loans) and bond prices, The Wall Street Journal; stock prices, The New York Times; commercial failures, Dun's Review. Production, automobiles, Cram's Reports,
Inc.; bituminous coal, U. S. Department of the Interior, Bureau of Mines; cotton consumption (source confidential); lumber, National Lumber Manufacturer's Association, Inc.;
electric power, Edison Electric Institute; petroleum, The American Petroleum Institute; steel ingots, The Wall Street Journal.
All indexes are based on the weekly average for the years 1923-25 with the exception of the indexes of business activity (both the New York Times and Business Week)
which
are based on a computed normal, wholesale prices which are based on the year 1926. and electric power production which is based on the years 1928-30.
a
The actual week covered by the data ends on Saturday with the exception of Fisher's wholesale prices and commercial failures which end on Thursday, bank debits,
outside New York City, which ends on Wednesday, total loans as of Wednesday, and construction contract awards which are reported three times a month, the first covering
the period of the 1st to the 15th, the second the period of the 16th to the 22d, and the third the period of the 23d to end of month.
3 The New York Times index of business activity has recently been revised throughout. Data prior to those shown above, together with a complete description of the derivation of new trend lines, seasonal adjustment factors, and the inclusion of new series appeared in a publication entitled" Weekly Index of Business Activity" published by the
New4 York Times.
Data on steel ingot production are based on daily average production.
21
SURVEY OF CURRENT BUSINESS
March 1937
WEEKLY BUSINESS INDICATORS'
[Weekly average, 1923-25=100]
Business activity:
New York Times*
Business Week*
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)
Farm products (67)
Food (122)
All other (595)
Fisher's index, 1926=100:
Combined index (120)
Copper, electrolytic!
Cotton, middling, spot
1937
Feb. Feb. Feb. Feb.
13
27 20
1936
1935
Feb. Feb. Mar. Feb.
2
23
29 22
30
86.2
107. 3 104. 102.4 101.2 101.7 92.0
79.8 79.6i 79.7 79.! 79.3 67.4 68.5 62.3
86.1
91.4
86.7
84.4
86.0
91.4
86.9
84.2
85.6
79.9
91.6 90.5 91.4 78.4
86.6 86.7 86.9 82.2
83.6 83.5 83.2 79.1
80.8
81.6
84.3
79.0
1937
1936
1935
Feb. Feb. Feb. Feb. Jan. Feb. Feb. Mar. Feb.
29 22
2
23
27 20 13
6
30
88.6
79.6
80.0
82.5
77.6
79.6
79.9
83.2
77.
90.9 91.0 90.7 90.4 90.4 83.3 83. 82.0
102.9 94.9 92.8 92.8 92.8 65.2 65.2 63.8
47.8 48.5 48.5 48.9 41.5 42.3 46.3
82.2
63.8
46.7
79.0 39.3 48.' 24.6
C obstruction contracts t
57.2 51.7 48.5
70.2 61.2 63.0
Distribution: Carloadings
72 2 74-6 72.1 70.4 68
128.4
109. 5
Employment: Detroit, factory. __ 127^5
126. 0 100. 0
20.0
57.7
Finance:
Failures, commercial,.
Security prices:
Bond pricest
Stock prices j
Finance—Continued.
Banking:
Debits, outside N. Y. C.J
Federal Reserve reporting
member banks:%
Loans, total
Interest rates:
Call loans*
Time loanst
Money in circulation
Production:
Automobiles
Bituminous coalf
Cotton consumption^
Electric powerj
Lumber
Petroleum.
Steel ingots§
Receipts, primary markets:
Cattle and calves
Hogs
Cotton
_
Wheat
106.5 115.9 86.2 102.5 93.5 94.0 88.7 82.3 78.0
72.4
63.9
71.7 71.5 71.6
146. 7 125.4 95.0 94.8 97.2 85.1
310.0 105.2 98.5 94.9 83.3 97.1
130. 0 127.'.7 129.1 128. 2 102.4
132.5 132.8 132.1 132.1 133. 0 114.2
48.6 43.9
37.1 42.2 45.4
158. 2 158,;. 2 157.18 154,t. 6 153.3 133. 2
!. 2 125. 6 92.3
138.8 137.1 133.18 132.
82.3 110. 0 108. 2
98.2 87.1 82.9
92.3
116. 6 104.1 103.7
40.1
36.1 35.2
133. 4 118.8 121.7
90.2 83.5 83.6
63.8 63.2 58.2 75.4 62.1 69.1
50.4 52.9 44.1 58.2 37.4 48.2
59.6 53.8 69.2 52.3 48.5
67.7
45.8
18.5 26.0 15.8 16.6 19.0 21.9 11.3
* Computed normal=100.
•Data do not cover calendar weeks in all cases.
JDaily average.
tWeekly average, 1928-30=100.
§Based on daily average production rather than percent of capacity since the beginning of 1935.
^Seasonally adjusted.
40.8
42.3 45.2 43.7 46.2
55.0
70.0
2 116.3 116.9 117.1
114.9 108.0 108.8
2 142.9 143.8 142.9 141.7 122.6 124.2 86.3 88.6
64.1
24.2 24.2 24.2 24.2 24.2 18.2 18.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 22.9 22.9 20. 1 20.1
131.5 131.1 131.1 130.9 130.5 119.6 119.2 112.5 112.3
65.3 64.9
38.7 43.5
36.5 39.6
17.0
WEEKLY BUSINESS STATISTICS*
1937
February February February February January
13
20
6
30
27
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
__dol. perlb..
Cotton, middling, spot, New York
do
Food index (Bradstreet's)
do
Iron and steel composite
dol. per ton..
Wheat, No. 2, hard winter (K. C.)
dol. per bu_.
FINANCE
Banking:
Debits, New York City
mills, cf dol..
Debits outside of New York City
do
Federal Reserve banks:
Reserve bank credit, total
do
Bills bought
do
Bills discounted
do
U. S. Government securities
do
Member bank reserve balances
do
Excess reserves, estimated
do
Federal Reserve reporting member banks:
Deposits, net demand, adjusted.do
Deposits, time
do
Investments, total
do
U. S. Government direct obligations
do
Obligations fully guaranteed by U. S. Government
mills, of doL.
Loans, total
do
On securities
do
All other
do
Interest rates, call loans
percent..
Interest rates, time loans
do
Exchange rates:
French franc (daily av.)
cents..
Pound sterling (daily av.)
dollars..
Failures, commercial
number..
Money in circulation
mills, of dol_.
Security markets:
Bond sales (N. Y. S. 12.)-_trious. 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 (Standard Statistics) (419)
1926=100..
Industrial (347)
do....
Public utilities (40)
do
Railroads (32)
do __.
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, est.)
pet. of capacity.
Construction-contract awards (da. av.)--thous. of dol.
Distribution:
Freight-car loadings, total
cars.
Coal and coke
do...
Forest products
_
do
Grain and products
do
Livestock
do...
Merchandise, 1. c. 1
do...
Ore
do...
Miscellaneous
do...
Receipts:
Cattle and calves
thousands.
Hogs
do...
Cotton into sight
thous. of bales.
Wheat at primary markets
thous. of bu.
• Data do not cover calendar weeks in all cases.
1935
1936
January
23
February February
29
22
March
1934
February
23
March
3
0.142
.133
2.94
36.95
1.33
0.131
.130
2.95
36. 71
1.38
0.128
.132
2.96
36. 67
1.44
0.128
.132
2.93
36. 64
1.36
0.128
.133
2.94
36.62
1.35
0.127
.130
2.95
36. 57
1.36
0.090
.113
2.67
33.59
1.13
0.090
.115
2.75
33.54
1.10
0.088
.126
2.70
32.42
1.01
0.088
.127
2.75
32.50
0.078
.125
2.15
31.36
.82
4,224
4,115
3,677
4,479
3,970
3,998
5, 241
4,753
4,184
4,340
4,618
4,774
3, 645
4,331
3,862
4,114
3,010
3,179
2,460
3
4
2, 430
6, 705
2,097
2,478
3
3
2,430
6,768
2,186
2,477
3
3
2,430
6,771
2,184
2,463
3
3
2, 430
6, 758
2,150
2,472
3
3
2,430
6,773
2,154
2, 468
3
2
2,430
6, 755
2,130
2,475
5
7
2,430
5,839
3,060
2, 505
5
7
2,430
5,832
3,045
2,450
6
6
2,430
4,588
2,201
3, 459
3,618
2,448
6
6
2,430
4, 645
2,272
2,984
2,852
2,567
62
r 64
2,432
3,093
1,146
15,638
5,111
13, 621
9,094
15, 604
5,093
13,621
9,107
15, 552
5,095
13, 591
9,121
15, 493
5, 077
13,638
9,149
15, 530
5,052
13, 684
9,212
15, 547
5,050
13, 734
9,262
14, 090
4,900
13, 047
8,690
14,112
4,889
13,109
8,726
11,793
4,878
11,520
7,791
11,654
4,874
11,471
7,795
11,949
4,843
9. 785
6,691
1,209
9,054
3,272
5,782
1.00
1.25
1,210
8, 968
3,213
5, 755
1.00
1.25
1,216
8,964
3,227
5,737
1.00
1.25
1, 214
8, 941
3, 238
5,703
1.00
1.25
1,212
8,943
3,242
5,701
1.00
1.25
1,229
8,923
3,210
5,713
1.00
1.25
1,201
7,959
3,117
4,842
.75
1.00
1,197
7,991
3,144
4,847
.75
1.00
731
8, 061
3,105
4,956
1.00
710
8,015
3,096
4,919
1.00
4. 651
4.89
166
6,386
4.656
4.90
203
6,365
4.658
4.661
4.90
178
6,338
4.666
4.91
163
6,351
6.677
4.99
188
5,806
6.676
4.99
210
5,786
6.639
4.84
224
5,452
6.612
4.88
285
5,452
6.570
5. 07
253
5,370
58, 270
104.05
9,953
128.5
150.9
108.0
58.2
95, 030
104.12
13,100
138. 78
129.5
151.7
110.3
58.3
59, 480
104.68
12, 800
139.63
130.1
152.4
111.4
58.2
4, 658
4.90
184
6, 358
72, 720
104.84
14, 401
138.77
129.8
151.9
112.9
56.7
73, 250
104.89
11,833
137.64
126.9
147.8
112.9
55.3
74, 780
105. 73
15,542
140.33
128.2
149 0
114.2
57.1
79, 580
102.74
12, 261
119. 08
105.5
120.1
101.3
50.1
92, 610
102.91
19, 302
120. 64
107.6
123.0
101.1
51.1
71, 720
96.67
4,115
83.79
67.2
79.3
54.3
30.8
67, 210
97.39
5,218
86.09
68.7
81.6
54.3
32.5
70,300
91. 55
8,303
92.02
78.0
86.1
76.9
47.5
111,915
1,874
2,207
3,296
84
9,180
95. 698
1,791
2,212
3,296
83
8,300
72,492
1,678
2,200
3,286
81
7,784
72, 295
1,634
2,201
3,221
74,148
1,419
2,215
3,194
76
12, 683
81,395
1,563
2,257
3,205
80
8,810
64,956
1,654
1,903
2,775
56
6,306
62,813
1,672
1,943
2,779
55
6,545
83,899
1,484
1,728
2,474
50
3,945
82, 541
1,412
1,734
2,536
50
3,227
69, 510
1,398
1,658
2,183
47
4,347
696, 727
171,133
34, 679
27, 772
11,003
153,131
10, 683
288, 326
714,884
168,750
37,111
29,852
11,669
166,476
10,921
290,105
691,618
167,399
35,300
30,473
11, 635
162, 575
11,055
273,181
675,026
169, 580
32, 526
28,914
10, 765
158,052
9,372
265,817
659, 790
154, 432
30,991
30, 205
12,519
153, 241
10, 465
267, 937
670,376
166.971
30,631
30,101
12,876
158,937
9,022
261,838
672,869
185,466
29,866
36, 657
10, 573
157,751
5,873
246, 683
586,487
185, 817
24, 393
27,133
10,119
131,610
6,044
201, 371
604, 331
147, 088
26, 010
29,126
12, 731
159, 708
4,191
225, 481
553,165
134, 277
25,854
26,109
11, 238
142, 018
4, 016
209, 653
605, 717
169,767
21, 576
29,107
14,031
162, 459
2,646
206,131
119
1,469
202
327
176
2.067
200
343
155
1,259
184
286
140
1,321
238
378
180
1,514
231
315
174
1,992
196
243
136
1,740
218
313
126
901
206
251
95
1, 356
205
282
103
763
218
405
109
2,046
137.09
4.90
172
6,366
8,697
3,715
4,982
1.00
1.00
22
SURVEY OF CURRENT BUSINESS
March 1937
Monthly Business Statistics
The following table represents a continuation of the statistical series published in the 1936 Supplement to
the Survey of Current Business. That volume contains monthly data for the years 1932 to 1935, inclusive, and
monthly averages for earlier years back to 1913 insofar as available; it also provides information as to the sources
of the data and sufficient descriptive material for a proper interpretation of each series. These notes also indicate
the source from which monthly figures prior to 1932 may be obtained. It is essential that all users of the SURVEY
have this base book which may be secured from the Superintendent of Documents, Government Printing Office,
Washington, D. C , for 35 cents per copy.
A few series have been added or revised since the 1936 Supplement went to press. These are indicated by
an asterisk (*) for the added series and by a dagger (f) for the revised series. A brief footnote accompanying
each of these series provides a reference to the source where the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variation. Data subsequent to January will be found in the Weekly Supplement to the SURVEY.
Monthly statistics through December 1935, 1937
together with explanatory notes and references
to the source of the data may be found in the
January January- Febru1936 Supplement to the Survey.
ary
1936
March
April
May
June
July
August
Novem- DecemSeptemOctober
ber
ber
ber
BTTSINESS INDEXES
BUSINESS ACTIVITY (Annalist)
Combined index
computed normal = 100. _
Automobile production
_. do
Boot and shoe production
__.do
Car loadings, freight
do
Cement production
do
Cotton consumption.
__ do
Electric power production
do
Lead production
do
Lumber production
do
Pig iron production
do
Rayon consumption
«.
do
Silk consumption
_ do
Steel ingot production
do
Wool consumption
_
do
Zinc production _.
do
INDUSTRIAL PRODUCTION
' 104.4
' 103. 1
' 138. 4
95.1
80.1
133. 9
' 107. 2
85.0
68.0
119.8
106. 5
78.5
109.9
111.8
71.6
92.2
103.0
' 139. 5
90.9
42.3
114.4
97.6
70 7
82.0
76.3
150 6
65.8
69.5
124.0
76.0
88.9
89.8
M19.8
89.2
42 7
104.9
97.4
71 6
73.8
67.5
109 4
59.8
67.0
117.3
68.1
89.4
109.9
r 119. 9
87.4
52 8
107.6
96.2
71 5
77.6
68.0
96 3
65.8
70.2
107.2
74.1
94.1
117.6
r 114. 8
91.0
63.3
112.4
98.3
79 7
75.3
80.8
105 3
70.2
95.6
86.2
81.7
95.8
112.6
' 115. 0
93.1
66.2
105.4
100.0
82 6
82.8
85.7
104 5
68.6
91.3
89.3
84.3
97.6
112.5
' 108.1
92 3
62^6
118.8
99.7
84 7
82.7
91.3
129 8
70.3
97.0
108.4
88.0
102.3
118. 9
' 129. 2
95.1
64.2
141.5
102.1
87 3
84.6
95.5
L45. 4
77.2
100. 3
112. 9
89.8
102.5
107.3
' 128.1
93.0
71.8
133.3
104.9
71 3
86.6
100.0
126 7
83.2
108.9
112.1
83.4
102.8
91.7
' 132. 5
94.7
69.9
137.2
' 104. 9
70.9
87.7
107.5
100.3
87.2
108.9
112.1
81.1
103.2
96.3
' 128.4
97.2
75.7
124.3
104.1
78.3
86.6
114.1
107.3
79.2
112.4
98.2
84.2
' 107.0
100.6
' 138.1
102.8
82.3
129.2
' 104. 7
86.1
74.5
117.2
121.9
82.8
121.6
127.2
84.2
' 110. 5
M15.7
' 162. 4
101.3
80.3
151.0
' 105. 3
94.4
80.7
M21.2
' 133. 5
88.6
121.9
169. 6
84.1
v 112
v 113
120
52
91
77
134
P 127
r96
95
108
29
92
201
83
Mil
170
95
93
93
29
82
174
87
M15
172
96
97
124
42
86
194
94
M12
168
'104
105
149
70
85
235
111
'110
178
113
105
105
142
'88
82
231
114
rlO4
179
121
104
105
134
'93
87
196
113
'99
181
130
105
105
128
91
90
198
111
' 113
182
124
106
106
82
' 100
87
226
118
' 128
186
r 108
107
42
'101
90
236
118
' 130
189
111
110
65
99
95
r 242
r 124
123
114
' 114
147
71
101
89
' 126
119
122
192
118
115
115
127
90
104
164
127
' 112
189
100
147
'101
' 74
66
120
73
150
88
95
101
101
117
74
84
220
105
M13
180
121
101
161
'101
r 61
66
157
70
149
101
99
104
105
118
r
75
88
218
113
M03
181
130
107
167
'102
113
120
118
126
132
149
' 111
'72
' 103
100
145
'102
r 77
76
80
75
149
91
94
107
147
'100
r 72
74
80
69
146
103
103
' 116
154
101
' 69
' 79
147
'99
' 51
' 76
81
71
144
101
104
87
60
149
88
100
r
Revised.
(Federal Reserve)
Combined index, unadjusted
1923-25=100-Manufactures, unadjusted,
do
Automobiles
do
Cement
do
Food products.. _
do
Glass, plate
do
Iron and steel- do
Leather and products .
do
Petroleum refining. _ _
do
Rubber tires and tubes
do
Shipbuilding
do
Textiles
do
Tobacco manufactures
do
Minerals, unadjusted
do
Anthracite do
Bituminous coal—
do
Iron-ore shipments. _
do
Lead..__
do
Petroleum, crude
do
Silver..
do
Zinc
do
Combined index, adjusted
do
Manufactures, adjusted
.....do
Automobiles
_
<]©
Cement
_ ._
do
Food products
do
Glass,and
plate.
do
Iron
steel._ _
do
Leather and products
do
Petroleum refining
do
Rubber tires and tubes.
do
Shipbuilding— _.
_
do
Textiles
do
Tobacco manufactures
do
Minerals, adjusted..
"do
Anthracite.- . . .
do
Bituminous coal
do
Iron-ore shipments
do
Lead
_
do
Petroleum, crude
do
Silver
Zinc
do
do . . .
v 130
1,56
P106
P 61
P93
77
P
160
85
p 115
v 115
120
86
89
77
139
M37
124
165
v 110
p 56
*>83
76
p 166
80
107
89
85
110
108
r 103
132
'90
r 42
103
140
r95
T 70
71
60
145
99
90
69
150
97
95
' 101
100
122
' 72
90
213
100
'112
178
113
141
M00
r 77
135
' 107
r 106
••89
98
63
142
81
89
97
96
108
47
92
201
86
M20
169
107
64
140
100
82
105
148
M04
r 71
r
81
63
148
80
84
* Preliminary.
94
92
93
49
70
93
93
107
58
84
174
83
' 113
172
89
87
184
83
M08
168
85
102
100
148
.' I l l
r 100
92
62
143
93
77
140
'97
54
rr 71
59
146
90
85
100
152
'106
r 69
84
70
150
96
91
173
'110
*• 5 7
158
104
' 50
72
164
68
147
85
97
75
177
58
152
88
93
87
178
57
150
106
93
108
110
111
109
110
107
77
'81
108
109
124
' 75
92
220
119
' 114
183
124
91
226
121
115
186
119
120
«• 6 1
90
236
119
' 112
189
122
157
r 115
r 6f)
94
167
73
153
118
98
' 110
Mil
93
87
93
' 242
127
r 112
191
118
126
153
115
72
106
93
77
150
106
100
114
115
105
91
98
164
138
M16
188
126
114
121
157
' 102
' 58
146
r 105
»• 5 2
150
M12
' 69
82
93
60
146
111
98
86
98
71
152
119
101
'95
110
74
152
99
100
120
r 114
192
123
81
' 156
114
100
121
' 121
122
91
99
89
143
M34
191
123
' 139
183
' 117
' 73
'97
80
' 161
113
98
March 1937
23
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey.
1936
February
March
April
May
June
July
August
Septem- October November
ber
December
BUSINESS INDEXES—Continued
MARKETINGS
Agricultural
products, combined
index
(quantity)
1923-25=100..
Animal products
do
Dairy products
do
Livestock
do
Poultry and eggs
do
Wool
do
Crops
do
Cotton
do
Fruits
do....
Grains
do
Vegetables,._
do
Agricultural products, cash income from farm
marketings:
Crops and livestock, combined index:
Unadjusted..
..1924-29=100..
Adjusted...
do
Crops, adjusted
do
Livestock and products, adjusted—do
Dairy products, adjusted
do
Meat animals, adjusted
do
Poultry and eggs, adjusted
do
68
74
85
74
70
48
61
72
58
46
74
57
61
85
57
59
35
53
57
65
34
85
67
77
95
65
108
37
56
41
72
51
98
65
80
98
64
120
46
50
35
79
43
84
84
114
60
128
164
51
31
82
48
94
74
94
142
66
114
380
53
25
64
63
99
89
90
113
70
89
485
88
16
87
172
66
80
81
94
75
80
152
78
71
78
93
57
110
80
90
80
72
99
140
259
89
47
95
127
89
96
93
73
91
165
304
104
58
112
106
95
82
91
115
117
116
200
78
54
77
83
89
80
82
120
46
77
106
71
49
72
74.0
74.5
62.5
87.0
89.5
89.5
78.5
65.0
66.5
48.5
84.5
87.5
88.5
70.0
53.0
63.0
48.5
78.0
85.0
79.0
63.5
59.5
67.5
55.5
80.0
84.5
79.5
79.5
58.5
69.5
56.5
83.0
83.5
87.0
75.0
64.0
72.5
67.0
78.5
79.0
77.0
80.5
69.5
80.0
77.0
83.0
77.0
84.0
86.5
84.0
88.0
89.5
86.0
81.5
88.5
86.5
75.0
74.5
61.5
87.5
87.0
89.5
89.0
89.0
77.5
65.0
90.0
91.0
92.5
81.0
104.0
76.0
60.0
93.0
94.0
95.5
77.5
88.5
77.5
61.5
94.0
91.5
99.0
80.5
86.0
78.5
64.5
92.5
91.5
100.5
77.5
126
109
139
113
lsl
71
122
138
92
110
101
214
127
104
124
70
114
54
115
144
98
112
87
225
122
105
132
65
112
61
113
134
88
103
86
213
115
104
133
62
109
70
115
123
81
96
84
194
109
102
128
62
108
65
115
115
76
93
72
177
106
102
125
66
107
61
115
108
73
95
73
156 I
103
105
119
78
111
80
112
102
71
94
84
137
104
100
118
85
113
76
114
106
69
120
83
119
109
102
122
88
114
82
114
113
75
128
93
126
121
101
125
86
112
67
120
136
95
128
96
181
131
101
123
90
113
63
120
153
107
132
106
220
134
102
121
99
113
61
120
158
110
127
•" 103
240
215
394
165
319
225
256
124
64
172
210
400
154
319
231
263
123
75
152
208
413
161
306
221
264
133
77
137
207
403
161
300
220
268
139
64
134
202 |
387 I
170
281
207
256
138
77
124
195
418
160
286
200
235
134
68
116
193
420
156
295
192
209
126
66
139
192
400
165
278
196
200
125
73
142
193
375
195
272
187
175
126
65
142
188
372
184
259
178
192
123
69
129
184
378
179
242
179
226
132
93
118
85.9
COMMODITY STOCKS
Domestic stocks, combined index (quantity)
1923-25 = 100..
Manufactured goods
do
Chemicals and allied products
do
Food products
do
Forest products
do
Paper, newsprint
do
Rubber products
do
Haw materials
do
Chemicals and allied products
do
Foodstuffs
do
Metals
do
Textile materials
do
World stocks of foodstuffs and raw materials,
combined index
1923-25=100..
Coffee, adjusted
do
Cotton, adjusted
do
Rubber, adjusted
do
Silk, adjusted
do
Sugar, adjusted
do
Tea, adjusted
do
Tin, unadjusted
do
Wheat, adjusted
do
362
170
236
190
I
r
132
r 106
r 131
112
'116
55
121
150
104
118
' 107
232
r
189
386
175
••236
186
219
111
100
120
COMMODITY PRICES
COST OF LIVING
(National Industrial Conference Board)
Combined indexes
1923 = 100..
Clothing
do
Food
do
Fuel and light
do
Housing
do
Sundries
do
73.6
86.1
85.6
80.3
94.5
85.7
73.8
84.6
86.2
80.8
94.9
85.8
7-10
84.3
86. 5
81.4
95.1
86.1
74.1
84.7
86.6
81.8
95.3
PRICES RECEIVED BY FARMERS
(U. S. Department of Agriculture) §
Combined index
1909-14=100..
Chickens and eggs
do
Cotton and cottonseed
do
Dairy products
do
Fruits
do
Grains
do
Meat animals
do
Truck crops
do
Miscellaneous
do
124
119
106
128
105
130
123
153
141
121
127
104
125
104
128
120
131
133
120
141
103
126
97
127
118
104
133
126
133
105
127
93
134
122
99
168
RETAIL PRICES
U. S. Department of Labor indexes:
Coal
1913=100.
Food f
1923-25 = 100.
Fairchild's index:
Combined index
Dec. 1930=100.
Apparel:
Infants' wear
do__.
Men's
do...
Women's
do...
Home furnishings
do...
Piece goods
do...
WHOLESALE PRICES
U. S. Department of Labor indexes:
Combined index (784)
1926=100..
Economic classes:
Finished products
do
Raw materials
do...
Semimanufactures
do
84.3
82.8
82.5
82.9
89.3
90.0
90.8
91.7
94.5
87.7
90.7
89.9
85.4
94.5
87.8
90.9
90.3
85.6
94.6
87.9
91.0
90.9
85.7
94.9
88.1
91.4
91.8
86.1
81.6
81.5
82. 4
84.2
82.3
81.8
75.9
82.0
82.1
76.2
82.6
83.1
78.6
83.8
85.6
82.3
r Revised.
i No longer available. A new index, based on weighted average prices, rather than unweighted prices as in the present series, will be shown in a subsequent issue.
§ Data for Feb. 15, 1937: Total 127, chickens and eggs 101, cotton and cottonseed 108, dairy products 126, fruits 127, grains 146, meat animals 126, truck crops 143, miscellaneous 147.
t Revised Series. For monthly data for period, 1923-36 see p. 20 of the February 1937 issue.
24
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
March 1937
1936
1937
January
January
February
March
April
May
June
July
August
Se
Decem^ e e r m " October November
ber
COMMODITY PRICES—Continued
WHOLESALE PRICES-Continued
CX. S. Department of Labor indexes—Con.
Farm products
_ .1926=100.
Qrains
do
Livestock and poultry
do
Foods
- _ .
.do . .
Dairy products
do
Fruits and vegetables
do
Meats
do
Commodities other than farm products and
foods
1926=100..
Building materials .
do
Brick and tile
_
_.
do_ _
Cement _
„
do
Lumber
do
Chemicals and drugs
do __
Chemicals
do
Drugs and Pharmaceuticals
do
Fertilizer materials
do
Fuel and lighting
, .
__ _ .do
Electricity
do
Gas
do
Petroleum products
do __
Hides and leather
_ .do
Boots and shoes
do
Hides and skins
_ do
Leather
-do
House-furnishing goods
do
Furniture
do
Furnishings .
do
Metals and metal products
do
Iron and steel
do
Metals, nonferrous..
_
... do _
Plumbing and heating equipment
1926=100Textile products
_
_
_ do
Clothing
do
Cotton goods
do
Knit goods
_
_
do
Silk and rayon
do
Woolen and worsted goods
do
Miscellaneous
.
do _. .
Automobile tires and tubes
_ do
Paper and pulp. . . .
do
Other wholesale price indexes:
Bradstreet's (96)
do
Dun's (300)
do
World prices, foodstuffs and raw materials,
combined index
1923-25=100..
CofTee
do
Cotton
do
Rubber
.
do . .
Silk
do
Sugar
do
Tea
do
Tin
do
Wheat
do
Wholesale prices, actual. (See under respective commodities.)
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
1923-25—100
Retail food pricest
do __
Prices received by farmers
do
Cost of livingf
do...
78.2
78.9
89.1
83.5
84.2
62.2
94.9
79.5
78.3
90.3
83.2
85.7
62.4
92.1
76.5
75.6
88.3
80.1
80.3
65.1
89.7
76.9
73.9
88.3
80.2
78.8
67.8
91.0
75.2
70.6
82.5
78.0
75.0
72.3
85.1
78.1
73.0
83.2
79.9
77.6
82.0
85.1
81.3
88.9
82.0
81.4
83.8
79.7
84.9
58.3
101.7
99 7
116.0
94.3
86.5
84 0
89.0
90.9
91 7
84.8
78.8
85.7
88.4
95.5
82.2
80.5
87.6
70.4
64.4
75.1
83. 1
83.2
54.4
97.1
100 5
100.5
87.3
81.4
77.9
84.8
86.7
87.1
69.7
79.0
85.5
88.4
95.5
82 3
80.1
87.0
73.2
64.5
76.1
86.2
82.1
55.7
96.1
100.5
96.7
86.0
81.5
77.9
85.0
86.7
86.9
69.7
78.9
85.3
88.9
95.5
82.6
79.3
85.9
73.0
64.8
76.2
84.4
84.4
56.0
94.9
100.4
91.0
85.0
81.4
77.9
84.9
86.6
86.3
69.9
78.9
85.7
89.0
95.5
83.2
78.5
85.5
73.2
64.6
76.4
82.8
84.8
57.9
94.6
100.3
90.1
84.5
81.5
78.0
85.0
86.6
86.3
70.4
78.8
85.8
88.8
95.5
83.0
77.7
84.1
73.2
64.7
76.0
84.2
87.3
58.2
94.0
100.2
87.3
84.4
81.5
77.9
85.0
86.3
86.3
70.7
78.8
85.8
89.2
95.5
82.1
78.0
84.3
73.2
64.0
76.1
83.4
88.0
57.7
93.8
99.7
89.0
83.2
81.4
77.5
85.2
86.2
86.3
70.0
79.5
86.7
89.2
95.5
83.7
79.4
85.9
73.0
65.2
76.2
83.4
87.9
58.1
93.4
99.3
87.8
83.0
81.2
77.2
85.1
86.9
87.6
70.4
77.1
77.5
83.9
91.9
64.4
34 5
91.9
76.2
51.8
84.8
71.7
71.7
80.8
80.4
61.8
33. 5
81.4
67.8
45.0
79.8
73.8
71.0
80.7
78.1
62.0
31,6
82.8
68.1
45.0
79.9
73.8
70.8
80.7
77.1
62.1
30.9
83.8
68.3
45.0
80.3
73.8
70.2
80.8
76.2
62.0
30.1
82.2
68.6
45.0
80.5
73.8
69.8
81.1
75.5
60.6
29.1
82.2
69.2
47.5
80.5
73.8
69.7
80.9
75.4
60.3
29.3
82.6
69.7
47.5
80.6
86 9
107. 7
77 6
94.9
76 8
95 2
76.3
92.1
76.0
92.0
75 4
91.3
62.3
55.9
47.8
50.1
28.7
73.8
70.8
101 2
84.2
51.1
45.0
43,8
33.6
27.2
59.1
67.8
94 0
63.1
50.5
47.0
42.6
36.3
24.9
61.1
69.5
95.3
58.1
51.3
44.5
41.9
37.2
24.2
65.8
70.1
95.5
58.7
52.1
43.0
43.0
37.4
23.5
71.0
70.9
93.4
56.6
117.2
118.2
112.2
117.1
125.0
122.4
135.0
121.2
125.0
124.1
135.0
121. 8
126. 5
125.8
141.4
122.2
126.4
125.5
140.1
122.0
91.3
113.0
91.4
87 1
88.9
82.4
90.6
83.4
91 3
89 7
95.5
93 0
87.7
96.4
79.0
70 6
76.6
83.8
102.4
84.5
83.1
87.6
76.1
86.4
84.0
102.0
83.8
83.3
89.5
71.5
87.3
84.0
102.1
81.2
82.6
87.4
73.8
84.4
85.1
102.9
79.7
83.9
88. 2
74.8
85.2
88.5
109.0
85.0
85 5
88.9
75.4
87.2
79.7
86.9
89.1
95.5
83.8
79.8
86.2
73.3
66.7
76.3
82.5
86.1
57.9
93.6
99.3
90. C
82.4
81.4
77 6
85.2
87.1
87.9
70.8
79.6
87.1
89.0
95.5
84.9
81.7
88.6
75.3
67.6
76.1
83.2
87.2
57.5
94.6
99.3
93.3
84.2
81.7
78.0
85.4
86.8
88.1
71.4
80.1
87.3
88.3
95.5
86.1
82.2
89.0
76.5
67.4
76.8
82.8
86.0
57.9
95.6
99.3
97.2
85.4
82.0
78.3
85.6
86.9
88.8
71.7
81.0
87.7
88.8
95.5
86 6
82.5
89.2
77.9
68.0
76.8
82.7
81 9
58.1
97.0
99 3
101.2
88.4
82.3
78.8
85.7
87.9
88 9
75.4
82.2
89 5
88.5
95.5
89 6
85.3
93.3
77.4
68.6
76.5
82.7
83 1
58.0
99.7
99 4
110.4
92.6
83.2
79.4
86.9
89.6
90 9
78.6
76.5
70.5
80.7
78.7
59.3
30.7
82.0
71.0
47.5
80.6
76.5
70.9
80.8
79.5
60.3
31.6
81.2
71.5
47.5
80.6
76.5
70.9
80.8
80.0
60.8
30.2
80.9
71.3
47.5
80.7
76.6
71.6
81.2
82.0
61.1
31.1
80.5
71.5
47.5
80.8
76.7
73.5
81.5
85.5
61.2
33 4
84.3
73.4
50.1
81.5
76.7
76.3
83.1
90.3
63.0
33 8
90.5
74.5
50.1
82.9
76.3
94.5
78.5
66.4
78 9
96.8
79.5
97.1
79.1
97.8
83 5
102.3
86 2
109.5
51.3
42.5
43.0
36.5
22.4
70.3
68.0
92.1
55.2
54.7
43.5
44.1
37.1
22.3
71.1
64.1
84.0
54.6
54.8
46.0
48.5
38.6
23.9
69.8
64.8
85.5
63.5
55.9
47.9
45.2
38.2
25.0
69.3
68.6
84.7
73.3
55.2
47.5
45.2
38.4
23.7
66.1
72.3
89.0
72.2
55.0
48.4
45.2
38.6
24. 5
61.6
67.7
89.5
75.8
56.9
50.9
44.9
42.2
27.0
68.3
68.0
102.1
73.2
60.6
54.9
47.1
46.8
27.5
71.3
66.9
103.1
81.8
128.1
125. 2
142.7
121.4
127.2
119.3
137.4
119.5
125.1
119.0
127.9
119.3
123.4
119.0
118.5
118.8
123. 4
118.6
118.5
118.3
123. 6
120.8
121.5
118.6
122.3
121.2
122. 5
118.5
119.5
120.6
116.7
118.1
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Value of contracts awarded (Federal Reserve
indexes):
Total, unadjusted...
1923-25=100..
52
50
M5
47
53
56
60
65
65
60
54
51
Residential, unadjusted.—
do__38
21
22
28
35
38
39
45
46
47
41
39
Total, adjusted
do
64
'62
52
47
47
46
52
59
62
59
57
58
Residential, adjusted
do
46
25
25
26
30
32
36
44
46
47
43
40
F . W. Dodge Corporation (37 States):
Total, all types:
Projects
..number..
8,731
7,724
6,442
10,514
13,338
13,242
13,352
13,890
12,912
12,056
12,966
11,269
Valuation
thous. of dol_. 242,827 '214,793 142,050 198,978 234,632 216,071 233,055 294,735 275,281 234,272 225,767 208,204
Nonresidential buildings:
Projects
number..
2,629
2,761 2,355
3,106
3,792
3,436
3,411
3,626
3,504
3,079
3,319
2,997
Floor space
thous. of sq. ft.. 14,691
16,047
11,384
15,098
17,343
15,629
15,916
17,543
15,504
13,639
14,361
14,623
Valuation
thous. of doL. 95,969
90,480
62,611
81,460
94,068
82,252
79,079
96,125
80,380
69,099
79,071
65,895
Public utilities:
Projects
number..
181
221
136
205
221
176
167
229
188
224
214
222
Valuation
thous. of doL. 21,788
17,926
11,939
18,106
23,753
12,773
9,264
27,512
17,945
15,735
14,171
18,029
Public works:
Projects
_
number..
515
1,048
702
1,123
1,092
1,102
1,330
1,782
1,238
1,169
1,143
870
Valuation
thous. of d o l - 46,664 '68,948
36,325
44,191
49,660
50,792
71,107
99,103
76,435
68,767
52,861
55,839
Residential buildings all types:
Projects
number..
5,406
3,694
3,249
6,080
8,233
8,528
8,444
8,253
7,982
7,584
8,290
7,180
Floor space
thous. of sq. ft__ 18,427
10,306
9,115 15,604
19,736
20,547
20,624
20,501
24,393
21,181
21,553
19,986
Valuation
.thous. of dol._ 78,407
37,440
31,176
55,221
67,151
70,253
73,605
71,994 100,523
80,671
79,664
68,441
Engineering construction:
Contract awards (Engineering News Record)!
thous. of dol_. 173,077 288,547 164,499 147,697 195,458 141,257 183,917 226,595 192,317 197,372 220,142 162,743
r
Revised.
1 Data for January, April, July, October, and December 1936 are for 5 weeks; other months, 4 weeks,
t Revised series. For data on retail food prices for period 1923-36 and cost of living for period 1914-36 see p. 19 of the February 1937 issue.
r 53
r 38
66
MS
r
9,605
199,696
2,467
14,370
72,956
167
19,117
582
42,135
6,389
18,969
65,487
266,301
March 1037
25
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
1936
Febru-
March
April
May
June
July
Decem|August| S e P^ m -|octob. I November
her
CONSTRUCTION AND HEAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
3, 385
Total
thous. of sq. y d . .
Roads only
do
2, 836
Highways and grade crossing projects administered by Bureau of Roads:
Highways:
Approved for construction:
Mileage
number of miles..
2,880
Allotments: Total
thous. of doL. 43,899
Regular Federal aid
do
32,710
1934-35 Public Works funds
do
3, 291
Works Program funds
do
7,898
Under construction:
Mileage
number of miles..
7,617
Allotments: Total
thous. of dol... 133,553
Regular Federal aid
-do
65, 222
Public Works Program:
1934-35 funds
do
12, 561
Federal aid
do
0
Works Program funds
do
55, 770
Estimated total cost
do
199,4.98
Grade crossings:
Approved for construction:
Eliminated and reconstructed*_number_.
173
Protected by signals*
do
542
Works Program funds alloted
thous. of doL. 16, 037
Estimated total cost
do
16, 621
Under construction:
Eliminated and reconstructed*.mimber...
1,039
Protected by signals*
do
100
Works Program funds allotted
thous. of doL. 101,381
Estimated total cost
do
103,808
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100..
American Appraisal Co. (all types).. 1913=100..
Associated General Contractors (all types)
1913 = 100..
181
Engineering News Record (all types) §
1913 = 100..
223.5
E. II. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100..
86.9
New York
_
do
109. 5
San Francisco.
do
111.8
St. Louis
do
108.4
Commercial and factory buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29 = 100..
88.6
New York
do
111.7
San Francisco
do
118.1
St. Louis
do
112.1
Brick and steel:
Atlanta
do
88.3
New York
do
111.1
San Francisco
do
112. 7
St. Louis
.
do
109.7
Residences:
Brick:
Atlanta
do ..
80.1
New York
do
106. 5
San Francisco
do
102.4
St. Louis
do
104.1
Frame:
Atlanta
do
75.0
New York
do
101.1
San Francisco
do
92.2
St. Louis
do
96.1
REAL ESTATE
Fire losses
thous. of dol._ 25, 070
Foreclosures:
221
Metropolitan cities*
1926=100__
68.1
Nonfarm real estate*
1934=100..
Loans of Federal agencies:
Federal sayings and loan associations:
1,228
Associations, total
number..
Associations reporting
do
1,065
Total mortgage loans outstanding*
thous. of dol__ 552,411
Federal Home Loan Bank:
Outstanding loans to member institutions
thous. of dol._ 143, 738
Home Owners' Loan Corp.:
2,729,274
Loans outstanding*
do
2, 250
1, 217
2,068
1, 396
2,662
1,579
3,835
2,767
5,235
3,621
4,188
2,942
7, 913
6,208
5,903
4,648
7,613
5,196
6,082
4,482
3,769
2,550
5,468
4,026
5,456
72, 009
18, 560
7, 279
46,169
6,089
80, 104
20, 508
7, 607
51, 988
6, 693
82, 577
22, 238
7, 623
52, 716
6,181
73, 574
21, 297
7,382
44, 894
5, 383
62, 963
20, 692
5, 975
36, 297
4,231
53, 090
20, 577
4,631
27,882
4,143
50, 400
22, 604
4,345
23,451
3,686
50,476
27,929
4,248
18, 299
3,173
49,123
30, 601
4,044
14, 479
2,750
46,103
29, 360
4,148
12, 595
2, 574
42, 093
27, 034
3,809
11, 250
2,635
42, 090
29, 059
3, 671
9,360
12,812
11, 949 10, 335
8,881
8,003
13, 631 13,185
217, 441 212, 546 202, 765 194, 477 174, 781 158, 537 141,069
65,
213
61,714
69,
368
65,
664
69,
488
59,808
70, 586
60, 877 56,653
55,085
52, 005 45, 693 38,975
33, 397 26, 680 22, 929 20, 379 17,206
13,461
147
32
569
248
667
601
467
195
195
32
32
11
51, 355 59,618
75,908
93,420 107,523 118,463 117,241 110, 725 102, 028 83, 784 71, 931
61, 934
188,713 197, 925 222, 517 250, 203 271, 452 280, 758 278,978 270,622 266, 528 248, 024 229,527
207, 315
8,996
9, 409 10, 514 11,829
13,163
150, 215 156.714 176, 148 196, 841 210,482
50, 949 57,019
37,316
39, 841 44,586
425
2
35, 973
37, 283
464
289
624
254
620
26, 575
27, 817
1, 238
33
23, 615
24,185
1,192
30
20, 233
20,826
1, J49
42
90, 465 101, 014 108, 272 110,865
92, 211 102, 667 110,161 112,930
183
183
163
162
165
163
111,326
113,915
109, 016
111,614
104,876
107, 645
166
167
195
169
479
29
488
35
488
317
40, 561
41, 983
827
2
40, 217
41,313
518
1
42, 011
43, 526
679
1
506
17
40,283
42, 287
311
0
39, 022
40, 821
394
0
27, 380
27,855
34, 839
35,511
46,197
47, 019
58,645
59, 667
72, 923
74, 064
158
158
178
159
159
161
1,117
5
425
502
34, 081
35, 305
1,221
12
350
581
29,026
30, 367
1,246
33
228
615
206
542
17, 971
18, 606
1,081
178
178
178
178
178
178
178
178
179
180
180
180
199. 5
201.2
201.2
202.2
203.4
204.6
204.4
208.1
208.1
211.5
212.7
220.7
83.7
105.2
98.8
103.6
105. 4
99.5
104. 2
84.8
105.4
99.0
104.4
84.8
106.0
99.2
104.4
83.8
106.0
98.3
104.6
83.7
107.0
99.0
104.6
83.3
107.0
99.0
104.6
83.3
108.4
106.1
104.5
83.3
108.4
107.3
104.5
84.8
1.08. 4
107.8
105. 2
85.1
108.3
108.2
106.2
85.2
108.4
108. 2
106.2
109.0
104.1
105.1
88.1
109.1
104.7
105.8
88.3
109.1
104.7
105.9
88.3
109.7
104.3
105.9
86.7
109.7
103.3
106.0
86.6
110.9
104.3
106.0
86.2
110.9
104.3
106.0
86.2
112.0
114. 4
106. 0
86.2
112.0
114.5
106. 0
87.0
112.0
114.9
106.6
87.2
112.0
115.2
107.4
87.3
112.1
115. 2
107.4
84.8
105. 9
99.6
104.8
85.4
106.2
100.5
105.6
85.7
106.2
100.6
105.9
85.7
107.0
98.5
105.9
85.5
107.0
97.4
106. 0
85.1
107.7
98.2
106.0
84.6
107.7
98.2
106.0
84.6
109.3
106.4
106.2
109. 3
107.7
106.2
85.6
109.3
108.1
106.8
85.8
108.5
108.9
107.6
86.0
108.7
108.9
107.6
73.5
99.5
91.9
97.5
75.1
100.8
93.7
99.0
76.6
100.8
94.0
100.3
76.6
101.9
94.0
100.3
76.1
101.9
92.9
101.0
74.9
103.0
93.4
101.0
74.1
103.0
93.4
101.0
74.1
104. 0
98.3
99.2
74.5
104.0
76.1
104.0
99.0
99.8
76.3
104.1
99.2
100.6
94.7
84.1
89.7
68.5
96.3
85.5
90.6
69.3
96.3
85.9
92.1
69.3
96.9
85.9
92.1
68.9
96.9
84.9
93.0
67.5
97.4
85.2
93.0
67.1
97.4
85. 2
93.0
67.1
98.4
87.8
90.9
67.6
98.4
88.3
90.9
98.4
88.7
91.5
70.0
98.4
88.9
92.3
77.0
104.8
99.2
100.6
70.7
99.1
88.9
92.3
27, 730
30,910
29,177
25, 787
21, 479
20, 407
22, 357
21,714
20, 414
20,439
22,808
30,134
287
78.9
266
77.6
302
83.2
302
83.9
279
82.6
280
81.7
279
82.7
259
78.3
278
85.7
259
77.8
235
75.1
268
84.4
1,044
1,061
898
896
329, 643 330,154
1,078
980
1,102
1, 006
1,114
1,006
1,135
1,006
1,165
1,025
1,175
1,076
1,183
1,062
1,192
1,080
1,206
1,046
102,745
102,887
366, 405 390, 810 404, 722 442,027
103, 354
105,969
110, 871
465, 682 497,852
118, 580 122,094
1,212
«" 1, 065
507, 574 532, 064 531, 078 ' 544,107
125, 211 129, 752 134,929
137, 250
145,394
2,984,438 3,014,423 3,040,137 13,060,029 3,083,312 3,092,871 2,920,739 2,897,367 2,869,660 2,883,503 2,801,827 2,765,098
DOMESTIC TRADE
ADVERTISING
Printer's Ink indexes (adjusted for seasonal
variation):
T
78.0
86.4
80.2
Combined index..
1928-32=100..
84.8
87.7
88.5
95.4
99. 2
90.9
91.0
94.1
90.6
88.5
Farm papers
do
66.0
66.6
72.8
76.5
73.4
75.3
92. 9
70. 3
67.1
73.5
80.2
76.8
71.7
Magazines
do
89.3
82.2
82.5
86.8
89.2
87.6
88.2
87.2
97.1
90.3
91.6
89.6
101. 1
Newspapers
do
75.5
81.5
85.0
81.4
79.1
86.5
88.9
91.1
87.1
84.9
86.9
90.6
95. 2
Outdoor
do
72.6
50.0
52. 3
71.1
70. 6
70.2
80.0
73.5
74.3
72.3
68.5
81.5
'75.6
Eadio
do....
187.0
185.2
241.5
189.7
192.8
184.4
202.1
239.2
230.0
268.2
244.4
224.7
253.7
' Revised.
• New series. Data on number of grade crossing projects represent a breakdown of the total projects shown in the 1936 Supplement. For the foreclosures indexes,
rlier data, together with a complete description of the indexes, will appear in a subsequent issue. Total mortgage loans outstanding of Federal Savings and Loan Associations represent the combination of loans of "new associations" and "converted associations" which were shown separately in the 1936 Supplement to the Survey, but which
are no longer available in that form. The Home Owners' Loan Corporation data are for loans closed through June 12, 1936, when lendi:ng operations
'
ceased, and' "
for loans outstanding thereafter. The June figure represents the total of all loans made during the full period of lending operations.
§ Index as of Feb. 1, 1937. 22.3,5.
126236—3
26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 18E5, to- | 193
gether with explanatory notes and references j
to the source of the data may be found in
January January
the 1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
DOMESTIC TRADE-Continued
ADVERTISING— Continued
Radio advertising:*
Cost of facilities, total,.
thous. of dol
Automotive
do
j
Clothing
do
j
Electric home equipment
do
j
Financial
....do
j
Foods
..do
Home furnishings, etc
do
Soap, cleansers, etc
do
Office furnishings, supplies
do
i
Smoking materials
do
Drugs and toilet goods
do
All other
do
Magazine advertising:*
Cost, total
do
Automotive
do
Clothing
do
Electric home equipment
do
Financial
...do
Foods
do
Home furnishings, etc
do
Soap, cleansers, etc
do
Office furnishings, supplies
do .
Smoking materials
do I
Drugs and toilet goods
do
j
Allother
deLineage, total
thous. of lines.
2,031
Newspaper advertising:
Lineage, total (52 cities)
__do.__
Classified
do....
Display, total
do...
78, Of 6
Automotive
do—
Financial
do...
2, 970
General
_..do_...
17, 176
Retail
do...
54, 572
4,741
754
29
5,402
35
1, 394
81
194
109
359
1, 446
332
34
8
49
1, 322
78
218
103
339
1,478
376
43
16
53
1. 501
89
267
100
380
1, 606
471
4,833
742
29
4
33
1,432
85
265
36
398
1,443
366
4,441
731
31
0
36
1,257
7, 463
1, 295
199
124
289
1, 290
102
977
107
575
1, 249
1, 956
1,696
11,210
1,832
316
360
390
1,922
360
489
160
479
2,338
9
564
2, 128
13, 458
2, ?49
588
516
414
2,307
567
495
210
560
2, 485
3, 066
2,511
14, 408
2,574
751
805
411
1,909
813
529
175
580
2,501
3, 449
2, 860
94,810
18, 499
76, 311
3, 7^-7
2, 536
17, 686
52, 301
91,334
17, 546
73, 788
3, 632
1,942
19, 464
48, 751
116,443
21,991
94, 452
5, 453
2, 773
22, 897
63,327
62.4
60.7
61.8
2,655
2,218
2, 506
1,333
29
314
6
439
1,273
635
6,723
1,164
51
1
53
1, 559
65
400
17
359
1,475
1,579
6,126
1,031
56
22
70
1,670
91
410
13
391
1,()59
713
6,185
944
39
16
S5
1,821
51
457
f>
404
1,752
610
1,790
2,036
1,967
14, 285
1,364
895
477
425
2,198
1, 051
531
304
657
2,642
3,741
2, 637
14, 758
2, 290
696
325
421
2, 452
798
501
263
648
2, 926
3,438
2, 736
1.2, 203
1,419
535
545
310
1,977
£01
337
136
545
1,757
2,093
1,695
11,104
1,365
695
191
358
1,585
665
446
286
593
1,938
2,982
2,084
98, 499
21, 232
77, 266
6, 593
2,219
18, 287
50,167
99,166
22, 546
76, 620
4,908
1,646
16,186
53, 880
114,387
22, 521
91, 866
4,257
1,641
21,053
64, 916
136, 635 131,986
23,984
22,646
112, 652 109, 340
9,812
6, 183
1, 860
1, 848
27,411
24, 227
77,198
73, 452
130, 762
22, 945
107,817
4, 246
2, 151
18, 186
83, 234
61.0
61.3
61.7
61.8
61.7
61.5
2,182
1,910
2,026
2,156
2,114
2,489
3,931
626
26
9
3,832
492
5
3,777
468
45
37
1,174
70
291
8
373
1,066
251
33
1,290
23
285
0
423
982
254
36
38
1,207
33
249
0
14, 907
2,747
805
723
390
1,938
882
593
234
593
2,375
3,627
2,852
12, 299
2,147
646
531
8,891
1,528
257
298
121, 887
22, 548
99, 339
7,813
2, 488
21,812
67, 227
127,182
24,172
103, 010
8,493
1,933
23, 498
69, 086
117,029
24,843
92,1 £ 6
7,645
1,988
20, 802
61,751
62.1
61.2
61.3
2,273
2,285
77
279
33
395
1, 263
339
4
397
976
369
8,493
1,548
229
86
330
240
249
1,877
534
459
180
578
2,158
2,859
2,637
1,670
148
366
1,414
75
483
99
4,894
770
24
27
44
341
674
2,122
3, 482
2,731
GOODS IN WAREHOUSES
Space occupied, merchandise in public
warehouses
percent of total..
NEW INCORPORATIONS
Business incorporations (4 States)__.number..
2,620
POSTAL BUSINESS
Air mail:
Pound mile performance
Amount transported
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number
Value
Foreign, issued—value
Receipts, postal:
50 selected cities
50 industrial cities
thousands..
pounds..
761, 833 745,845 902, 749 885, 274
1,177,753 1,167,635 1,396,977 1,355,200
920, 629 949,828 1,055,015 1,051,115 998,894 1,060,488 984 9 S«
,444,013 1,476,469 1,616,191 1,623,239 1,528,942 1,629,711 1,511,117
thousands. .
thous. of dol..
4, 116
49,019
3.952
37, 528
3,953
36,611
4,123
38, 676
3,950
37,884
3,834
36, 405
4,091
40, 994
3,764
38, 354
3,633
36, 655
3, 665
37, 237
4,071
40, 616
3,907
38, 315
4, 596
43,849
thousands-.
thous. of doL.
do
12,506
95,752
12. 449
92, 882
2, 294
11,523
85, 855
2, 254
13,291
99, 739
3,055
13,122
99, 510
2,450
12, 735
96, 032
2,048
13,153
102, 407
2,385
12, 598
103, 085
2, 482
11,573
94, 696
2,741
12,772
103, 480
2,720
14, 921
119,437
2, 319
13, 316
105,703
2, 633
16, 221
122, 826
thous. of dol.. ' 27, S92
do
3,418
27, 434
3,257
26,103
3,060
28,839
3,318
28. 944
3,320
27, 874
3,124
28,288
3,214
26,673
3,192
26, 037
3,022
29, 294
3,242
32, 880
3,078
29,217
3,220
41,345
4, 846
RETAIL TRADE
Automobiles:
New passenger automobile sales:
Unadjusted
1929-31 = 100..
69.3
65.5
142.3
117.8
138.6
139.3
92.9
71.0
89.6
117.3
56.5
113.1
102.0
Adjusted
do
89.5
93.5
101.0
104. 5
92.0
83.0
93.5
109.5
128.5
85.5
151. 0
Chain-store sales:
Chain Store Age index:
Combined (sales, 20 chains)
99.4
96.5
av. same month 1929-31 = 100.. 105. 5
102.0
110.0
101. 2
103.0
108.0
109. 6
109.0
109.5
111.0
Apparel chains
100.0
105.0
115.4
ay. same month 1929-31 = 100.119.0
117.2
112.0
116.8
117.8
125. 0
118.6
127.0
123.0
Grocery chains
93.0
94.4
92.6
94.0
av. same month 1929-31 = 100-.
100.0
99.8
93.0
95.8
100. 0
102.0
99.2
100.0
Variety store sales:
Combined sales of 7 chains:
67.7
Unadjusted
1929-31 = 100.. r 70.3
73.5
80.3
95.7
96.8
98.8
97.2
86.5
97.8
100.4
104.5
Adjusted
. do _._ r 94. 4
90. 8
95.2
88.0
93.3
102.4
96.8
104.0
109. 2
97.7
103.0
98.9
H. L. Green Co., Inc.:
Sales
thous. of dol._ r 2, 017
1,753
1,868
2, 043
2,522
2,514
2,625
2,430
2,501
2, 412
2,905
3,027
Stores operated
number-.
132
130
135
130
131
130
134
130
130
132
132
133
S. 8. Kresge Co.:
Sales
thous. of dol— 9, 349
8,597
9,571
10, 043
12,011
12,182
11,925
11, 353
11,753
11,169
12, 214
13, 540
Stores operated
number
743
737
740
739
731
729
726
725
729
729
728
730
S. H. Kress & Co.:
Sales
thous. of dol
5,204
5,109
5,459
6,314
6,873
6,552
6,652
6,785
7,027
0, 525
7,321
7,307
Stores operated..
number..
234
235
234
235
235
235
235
235
235
235
235
235
McCrory Stores Corp.:
Sales
thous. of dol..
2,510
2,324
2,691
3,284
2, 893
3,002
3,057
3,443
3,096
3,010
3,209
3,511
Stores operated..
number
195
200
201
200
200
199
195
194
197
195
195
194
G. C. Murphy Co.:
Sales
.-..thous. of dol...
2,003
2,519
2,311
3,001
2,320
3,089
2,922
2,907
3,183
2,974
3,268
3,637
Stores operated..
number..
189
195
190
190
190
190
192
191
191
194
192
194
F. W. Woolworth Co.:
Sales
thous. of dol. J IS, 649 • 16,985 ' 19,014 19,677 23, 072
22, 622
23,434
23, 398
22,861
23,186
23,891
26, 733
Stores operated
number—I 1,1)98
1,977
1, 979
1,980
1,983
1,991
1,986
1,989
1,990
1,993
1,995
1,994
r
Revised.
*New series. Data on radio and magazine advertising cost are compiled by the Publishers Information Bureau, Inc., successors to National Advertising Records,
not comparable
with previously published data. Earlier figures, when available, will be published in a subsequent issue.
0
Receipts for Louisville not included.
r 130.4
r 175.0
113.0
130.0
100.0
195.7
106.1
5,847
135
24.35!
734
14, 748
235
6,714
196
6,379
195
45, 506
1, 997
and are
27
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
1936
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Restaurant chains (3 chains):
Sales
thous. of dol._
Stores operated
_
number..
Other chains:
W. T. Grant & Co.:
Sales.
thous. of doL.
Stores operated
number..
J. C. Penney Co.:
Sales
thous. of doL.
Stores operated
_
..number..
Department stores:
Collections:
Installment account
percent of accounts receivable __
Open account
do
Sales, total U. S., unadjusted.. 1923-25=100..
Atlanta
do
Boston
_
do
Chicago
do
Cleveland
do
Dallas
do
Kansas City
1925=100..
Minneapolis
1929=100..
New York
1925-27=100..
Philadelphia..
1923-25=100..
Richmond
do
St. Louis
do
San Francisco
do
Sales, total U. S., adjusted
do
Atlanta
do
Chicago
do
Cleveland
,
do
Dallas
do.___
Minneapolis
1929=100..
New York
..1925-27=100..
Philadelphia..
1923-25=100..
San Francisco
do
Installment sales, New England dept. stores
percent to total sales
Stocks, total TJ. S., end of month:
Unadjusted
1923-25=100. _
Adjusted
do....
Mail-order and store sales:
Total sales, 2 companies
thous. of dol..
Montgomery Ward & Co
do
Sears, Roebuck & Co
....do
Rural sales of general merchandise:
Total U. S.. unadjusted
1929-31 = 100..
Middle West*
do
East*
do
South*
.
do
Far West*
do
Total 17. S., adjusted
do
Middle West*
do
East*...
do
South*
do
Far West*
.do
3, 384
353
3,229
350
3,509
350
3,495
343
3, 442
349
3, 363 i 3, 510
349
350 !
3, 400
319
3,655
349
3,800
346
3,542
346
3,943
346
5, 626
477
5,176
471
5,754
472
6,475
472
7, 649
472
8, 328
472
8,371 ! 7, 075
473
473
6,925
472
7, 443
472
9, 333
474
8,492
477
16, 867
477
15, 928
1, 498
13, 969
1,481
13, 692
1,481
16. 282
1,481
19, 759
1,483
20. 640
1, 483
22, 529
1,491
28, 952
1,494
26, 072
1,496
37,133
1,496
72
16.7
46.9
63
71
63
64
58
69
60
65
63
47
73
56
71
81
90
80
77
82
73
81
57
17.1
44.4
66
86
54
69
70
77
63
58
64
51
17.6
43. 9
16.9
45.8
89
103
62
86
79
71
66
95
73
80
84
103
90
78
91
84
83
73
88
17. i
45.1
85
100
74
89
89
90
80
88
78
70
103
78
88
Si
96
84
79
92
82
80
70
90
91
111
91
S3
"102
61
82
70
94
16.2
42.1
68
96
54
76
72
77
70
75
63
56
78
60
88
86
123
95
85
107
8(5
81
73
92
16. 5
42.8
04
116
82
86
89
109
92
95
87
71
104
86
97
88
123
94
86
103
88
84
79
93
17.8
48.4
99
119
92
104
98
120
101
112
97
84
137
103
98
90
100
95
92
104
94
85
74
95
17.0
47.1
105
120
85
101
100
113
90
89
106
91
120
89
101
93
105
91
95
97
91
90
79
95
17.3
47.0
161
187
138
' 164
158
175
151
139
156
136
204
143
' 171
92
110
'98
96
108
94
88
76
100
10.6
10.1
11.0
9.7
as
8,9
66
74
58
66
62
65
67
65
65
45, 435
17. 855
27, 580
60, 926
24, 845
36, 081
84.2
75. 3
86.7
111.4
83.6
93.0
87.0
94.7
111.4
105. 8
99.2
92.8
100. 7
118.4
100. 1
106. 7
103.1
107.2
127 A
114.4
'73
84
70
78
69
78
65
71
69
54
79
62
80
'93
107
97
91
89
76
97
54, 427
22, 578
31, 849
88.6
81.0
88.4
107. 5
95.6
105. 7
98.7
105. 3
113. 0
128.6
• 46,180
18, 508
27, 672
79.9
73.5
78.9
99.8
82.9
96. 3
89. 6
93.9
120.2
111.3
59
73
87
86
91
77
68
89
93
95
8°.
87
SO
74
110
76
86
87
102
88
87
91
86
Si
70
90
21,475
1,484
18.0
47.6
84
92
76
87
84
92
85
80
71
104
103
89
80
too
88 I
83 I
74 !
94
18. 475
19, 369
1,488 1,489
16.2 I
45.6
63
78
54
85
63
71
59
81
62
9.5
14.9
10.8
10.9
9.7
6.3
67
62
64
59
63
65
71
68
76
69
80
71
66
71
69,413
30, 403
39,011
75, 219
30, 295
44, 923
7fi,089
30, 330
46, 359
65, 270
25, 636
39, 634
66, 325
27, 422
38,903
80, 974
33. 357
47, 617
103, 590
45, 455
58,135
85, 993
38, 979
49, 014
118,222
51, 789
66, 433
105. 5
99. 2
109. 2
117. 6
110.7
109.9
100. 7
109. 7
127.2
1.19. 6
106. 5
102. 3
107. 9
113. 6
112.8
113.3
105.4
110.7
127.0
125.4
106. 2
100. 1
105.1
111 0
122.7
112. 4
102. 6
107. 8
132. 5
129.8
8S.3
81.0
85. 5
97.9
107. 7
114. 7
103. 9
IPS. 9
140. 9
129. 8
96.2
88.6
97.9
103. 3
113.3
111.9
101. 3
110.6
13fi. 0
123.1
122. 3
107.0
112. 0
160. 6
117. 7
123. 6
107. 5
119. 7
156. 7
126. 3
155.1
137. 7
149. 6
225. 0
148.4
127. 1
115.2
126. 2
153. 6
126. 8
150.8
136. 0
154. 8
195. 4
150. 4
122. 6
110.5
135.1
146. 9
124.8
186.1
150.5
195.9
212.4
208.7
131. 0
106.0
137. 5
153. 9
134.2
«• 93. 5
'84.7
r
95. 3
' 95. 5
'85.7
' 97.2
' 96. 7
'89.2
'98.9
'96. 9
91. 0
' 99. 3
'98.1
'92.7
' 100. 4
105.7
107.2
107.9
107. 7
109.3
74.8
109. i
66. 6
81.7
52. 2
50.9
' 104.4
' 95. 7
92.4
75.3
111. 6
68.2
85.0
52. 6
51. 9
' 107.5
r
93.9
96.5
74.9
102.7
69.2
86.9
53.4
52.4
109. 6
97.5
99.6
73. 2
95. 8
67. 8
88. 3
53. 4
49.9
' 111. 4
'93. 2
103. 0
'70.1
'94.4
' 67. 1
' 87. 8
54.1
'49.0
'114.1
' 102.9
' 105. 8
92. 5
210. 7
98.4
111.0
94.3
216. 3
102.9
111.5
95.6
218.3
108.3
117.2
97. 0
210. 6
110.0
118. 8
'99.4
' 202. 7
111.6
'117.7
102.7
138.4
58. 4
62.4
58.1
107.1
143. 4
59.3
62.4
59.1
111.3
154.3
60.4
63.4
60.2
112. 9
156. 0
60. 6
63. 3
60. 4
r 116.2
" 162. 4
61.2
63.4
61.0
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
'89.1
' 89.8
96.4
Factory, unadj. (B. L. S.)f
.1923-25=100..
'86.9
' 90.1
'87.9
'91.2
'86.8
r 84.0
' 8 4 . 7 | ' 84. 6
'80.2
Durable goods groupf
do
'82.3
'78.7
'78.6
90.2
' 91. 4
'
85.
6
'90.1
' 93.0
Iron and steel and productsf
do
' 87.8
' 84.4
'84.4
100.2
Blast furnaces, steel works, and rolling
102. 8
92.8
95.5
92.4
91.8
98.5 I 99.7
112.1
mills
1923-25=100..
Structural and ornamental metal work
54.4
54.1
57.4
65.1
68.4
60.8
70.8
71.0
1923-25=100..
92.3
96.9
100. 9
102.4
91,1
Tin cans, etc
do
90.0
89.8
96.0
61.3
61.1
65.
6
64.
8
62.8
59.2
59.2
64.7
Lumber and products
.do
76.9
71.6
72. 2
73. 6
71.3
Furniture
do
70.9
71.8
86.3
49.5
45.2
47.8
49.7
46.
6
43.7
43.9
53.8
Mill work
do
51. 9
48.8
52.0
50.6 !
51.9
Sawmills
do
46.5
46.2
46.3
- 10-1. 0
' 96.9
' 99. 6 ' 102. 4 r 103.6
95.3
95.5
114.2
Machinery f
do
' 129,1
• 123.6 ' 110.1
Agricultural implements!
do
' 124. 6 ' 126.4
111.9
128. 8
' 161. i
87.5
89.7
91. 8
81.8
81.1
103.2
Electrical machinery, etc
do
82.1
85. 5
Foundry and machine-shop products
84.4
89.
1
101.2
86.7
82.8
90.
0
81.8
91. 3
1923-25=100..
178.0
155. 8
200. 4
193. 5
153.8
Radios and phonographs
do
176.1
162.0
187.9
94.
4
94.7
95.5
94.
5
95.0
94.9
94.6
107.2
Metals, nonferrous.
do
107.2
103. 6
103. 2
110. 5
104.3
Aluminum mfrs
do
99.5
100.3
118.9
Brass, bronze, and copper products
99.9
100.1
99.1
98. 8
99.7
98.7
118.7
99.6
1923-25=100..
138. 6
136.8
139.1
135. 0
Stamped and enameled ware
do
157. 3
136. 3
134. 8
134. 6
58. 5
58.0
56. 9
57.8
Railroad, repair shops
.do
58.0
61.4
54.0
56.1
62.0
62. 2
62.3
62.5
Electric railroad
do
63.5
61.5
61.9
62.2
58.2
57.4
57.7
56. 5
Steam railroad
do
61.2
53.4
55.7
57.7
' Revised.
*New series. See pp. 14-17 of the September 1936 issue for back figures and a description of these series.
f Revised. For revisions beginning January 1931, sea table 12, p. 19 of this issue.
T
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935,
together with explanatory notes and references to the source Gf the data may be found
'January
in the 1936 Supplement to the Survey
March 1937
1936
January
February
March
April
May
June
July
August
Septem- October November
ber
December
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory unadjusted—Continued.
Durable goods group—Continued.
Stone, clay, and glass products
.1923-25 = 100. _
Brick, tile, and terra cotta
do
Cement
do
Glass
do
Transportation equipment^
do
Automobiles
do
Cars, electric and steam railroads..do
Shipbuilding
do
Nondurable-goods group §
do
Chemicals and products
do
Chemicals
do
Druggists' preparations
do
Paints and varnishes
do
Petroleum refining
do
Rayon and products
do
Food and products
do
Baking
do
Beverages
do
Slaughtering and meat packing
do
Leather and products
do
Boots and shoes
do
Leather
do
Paper and printing.
do
Paper and pulp
do
Rubber products
do
Rubber tires and tubes.do
Textiles and products
do
Fabrics
do
Wearing apparel
do
Tobacco manufactures
do—
Factory adjusted (Federal Reserve) t§
1923-25=100Durable goods group§
do
Iron and steel and products §
do
Blast furnaces, steel works, and rolling
mills
1923-25 = 100..
Structural and ornamental metal work
1923-25=100..
Tin cans, etc
do.
Lumber and products
do.
Furniture
do.
Millwork
do.
Sawmills
..do.
Machinery §
do
Agricultural implements §
do.
Electrical machinery, etc
do.
Foundry and machine-shop products
1023-25 = 100..
Radios and phonographs
do
Metals, nonferrous
do.......
Aluminum mfrs
do
Brass, bronze, and copper products.do
Stamped
and shops
enameled ware
do
Railroad
repair
do
Electric railroads
do
Steam railroads
do
Stone, clay, and glass products
do.
Brick, tile, and terra cotta
do.
C ernent
do
Glass
do
Transportation equipment §
do
Automobiles
do
Cars, electric and steam railroad§. do
Shipbuilding
do...
Nondurable goods group §
do
Chemicals and products
do
Chemicals
do
Druggists' preparations
do
Paints and varnishes
do
Petroleum refining
do
Rayon and products
do
Food and products
do
Baking
do._.
Beverages
do...
Slaughtering and meatpacking do__.
Leather and products
do._~
Boots and shoes
do___
Leather
do.__
Paper and printing
do_,_
Paper and pulp
do...
Rubber products
do.. .
Rubber tires and tubes
do...
Textiles and products
do...
Fabrics
do__._
Wearing apparel
do...
Tobacco manufactures
do._.
62. 1
15. 0
ru. o
l .Y,. i
0
1
10-S
!J(*
vi ; > >. l
'.n s
1 s_>. '2
'. (5 '.'
In.'. !
]
1",.
1
55.2
36.3
39 9
93! 8
• 102. G
117. 9
41.0
85.8
' 95. 4
111.8
114.1
101.5
119.8
115.8
347. 6
98.4
123. 2
161. 3
89. 4
92. 9
93.1
97.0
98. 0
107. 2
85.(3
75.9
98.2
93.8
105. 8
54. 9
63.0
43.0
54.9
99.0
r 104. 9
115.6
55.0
102. 1
'96.3
112.3
115.8
102. 3
125. 2
116 5
325.4
100. 3
125. 8
176. 5
82.2
90.8
91.2
94.3
99.1
108. 8
87.9
77. 7
99. 5
91.7
115. 0
58.6
65.3
46.7
61.3
99.2
' 106. 3
117.2
55.2
100.9
96.0
111.8
117.2
100.7
128.0
116.5
335. 6
102. 7
127.3
192. 7
84.3
88.2
88.1
93.6
99.5
109. 4
88.9
79 8
97.4
90.4
110.9
60.0
66.4
49.4
61.8
99.2
' 105. 3
115.8
57. 1
98.0
95.9
110.3
118.6
100. 4
128.9
117.8
336. 2
107.9
128. 4
199.1
85.8
86.8
86.3
92.9
98.8
108. 8
89.8
82.8
96.2
90. 3
107.6
60.2
67.0
50.3
63.0
98.9
' 101. 9
111.1
54.2
98.9
98.2
112.7
122. 5
100.1
126. 2
121. 5
347.3
116.9
129.2
220.0
90.8
91.4
92.1
93.8
98.5
108.3
90.8
83.9
96.3
91.7
104.6
60.6
68.0
50.7
64.1
99.8
r 93. 0
98.3
'59.0
99.4
' 102. 8
113. 4
123. 0
100.3
124.4
118.3
356. 7
127. 9
130.1
214. 5
91.5
94.4
95.4
95.6
100.1
109.1
92.2
86.0
101.8
94.7
115.8
63.0
68.2
50.2
65. 1
99.3
'87.3
90.3
'57.3
102.4
' 105.9
119.5
127.1
103. 1
126.7
122.3
360.1
135. 9
131.3
209. 6
90.9
94.1
94. 5
97.4
102. 6
110.4
94.3
86.6
103. 4
95.8
118.4
63.6
69.1
49.6
65.5
103. 6
' 102.1
110.0
' 58.7
102. 7
104.7
120.3
129. 9
104.4
128. 6
120. 6
361.5
124.2
132. 6
190. 7
91.8
92.8
92.9
97.2
104.0
110.7
97.9
89.0
104.3
97.1
118.3
64.5
67.3
49.6
64.2
97.6
r 115.0
r 128. 3
' 57. 5
97. 4
' 103. 3
119. 7
130. 0
105. 9
125. 3
121.1
364. 0
114. 1
133. 0
183. 0
84.7
87.7
' 80. 1
r
85. 3
' 8S. 6
r 81.2
'87.1
'89.8
' 82. 7
' 89.0
'90.4
' 83. 8
'90.8
'92.8
r 85. 6
'93.5
'93.4
'85.7
'95.3
' 93. 8
' 86. 6
'96.8
'94.4
' 88. 2
'98.4
' 96. 2
' 89. 9
' 99. 6
' lOl! 0
91
92
55.3
35.1
39.9
95.6
99. 8
113. 6
43.9
83.9
95.8
110,8
113.8
101. 6
119.9
115.0
341. 3
96. 7
123. 8
159. 5
83.2
94.4
95.3
95. 6
98.8
107.7
85. 1
75.3
m. 2
93.i
110.8
58.7
87.4
<• SO. 4
' 8G.4
73
103
II.".!
103
102
1'iO
()-.5
!(>>. 7
97
62.8
74
46
50
96.3
'122
82
83
189
97.4
102
101
143
55. 0
62
54
61.4
43
51
99
• 100. 0
113
46
86
'97. 8
112. 2
116
100
123
116
344
107. 4
126
10'
10! 4
101. S
1'JO. 7
(ii.3
179
83
94.4
95
97
97.7
107
86.4
78
99.2
93. 2
110. 5
59.6
58.9
38. 0
46. 6
96.8
' 100. 9
112.6
49.7
92.7
' 96.1
113.8
114.9
103.0
120.8
114.5
346, 0
97. 7
125. 1
170. 8
81.9
93.6
94. 5
95. 0
98. 7
108.1
75.4
57. 2
100.5
93.0
115.3
59.2
r
r
98. 6
94
97
99
103
106
108
109
109
110
57
96
61.4
73
45
49
95. 8
r 320
81
59
90
62.8
72
4f>
50
' 96. l>
r ]23
82
62
97
63. 5
74
47
51
' 99. 3
' 124
86
65
99
64^1
75
47
51
' 102. 2
' 125
88
67
99
64.2
76
49
50
' 103.9
' 126
90
70
98
65.6
79
48
51
' 117
92
72
101
65.1
81
51
49
' 105. 3
' 101
92
73
101
65.8
82
52
50
' 106. 8
'96
97
73
100
66.2
81
53
50
' 108. 4
' 102
100
73
98
66.2
84
54
49
' 110.4
r 95
103
70
'97
' 67. 9
86
55
51
r 114.0
' 103
106
82
186
95.0
99
99
135
56.4
62
56
59.7
41
84
179
93.4
100
97
131
58.0
62
58
60.8
42
53
96
'97.7
108
50
85
185
93.4
100
97
135
57.0
63
57
61.9
43
54
96
' 99.2
109
51
99
96.5
110.8
116
103
123
118
325
107.7
127
178
84
89.2
89
94
99.4
109
87.1
75
97.6
91.8
108. 4
59.4
88
198
94.6
102
99
135
57.0
62
57
62.5
44
55
97
' 101.3
112
50
98
97.3
113.1
117
104
122
118
342
109.3
127
189
85
89.0
89
95
99.8
109
87.4
76
97.6
91.3
109.5
61.3
90
209
96.4
109
100
139
58.2
62
58
63.0
45
54
96
' 102. 8
112
53
99
97.6
113.2
117
105
124
117
350
110. 3
127
183
86
89.0
89
94
100.0
109
88.8
79
98.1
91.8
110.3
GO. 3
92
210
97.8
116
102
136
57.4
62
57
65.7
47
55
101
' 105.1
116
52
101
100.4
115.7
121
105
126
120
358
112.4
129
196
92
90.3
91
94
99.8
108
91.4
82
102.6
95.5
116.6
61.2
93
209
101.1
116
106
141
58.7
62
58
66.4
47
59
102
r 100. 9
109
'56
102
101.8
115.4
122
102
127
117
360
113.2
129
195
92
90.9
91
96
101.1
109
93.9
87
104. 9
98.1
117.0
61.9
95
186
102.5
112
109
143
59. 1
62
59
66. 1
47
61
99
' 100. 8
109
'56
102
' 101.6
118. 5
126
101
129
120
360
113.3
129
196
92
91.4
91
98
102.7
110
95. 8
89
102.6
96. 8
113.6
61.7
96
176
105.2
115
110
153
60. 1
63
60
67.2
47
64
103
' 105.0
113
' 61
102
' 101. 2
117.9
129
100
129
119
354
112.7
131
187
91
92.0
92
96
103.1
111
98.3
92
101.7
95. 5
113. 4
61.1
97
171
106. 7
118
111
154
60. 6
63
60
66.3
48
65
96
' 112. 3
123
100
188
110. 7
' 118
115
49
97
' 97. 0
109
46
85
' 96. 3
110.6
116
101
121
116
335
105. 8
126
177
83
92.7
93
95
98.6
108
85. 2
76
96.5
90.4
108. 2
60.0
09
' 95." 8
111. 6
116
102
121
116
343
107.8
127
182
84
90.4
91
94
99.0
JOS
74.9
57
96.7
90.6
108.2
60.1
' Revised.
tRevised series. See table no. 1, p . 14, of the J a n u a r y 1937 issue.
§ Revised. For revisions beginning J a n u a r y 1931 sec table no. 12, p. 19, of this issue.
96. 9 •
89.0
87.8
98. 4
105. 0
111.9
100.0
90. 9
104.8
98.8
116. 0
65. 9
' 67.1
'48.8
62.0
r
100. 6
' 122. 1
r
138. 7
T
56. 8
* 89. 9
r 104.0
119.3
' 129. 1
' 106. 6
' 127. 5
' 119.5
362. 4
' 110.6
132. 2
' 181.0
'S9.4
r
94. 0
' 94. 1
' 98. 4
106. 0
r
112.8
r
101.9
r
92. 5
r
106.4
r
101. 7
r
114.8
r
63. 3
«•
105.4
f 64
98
102. 9
118. 1
129
102
127
121
357
113.4
132
197
96
94. 9
95
99
103. 6
112
90. 5
93
104. 4
97. 3
11S.4
62. 4
166
61.7
63
02
' 69. 0
51
68
101
' 118.7
r 133
r
62
r
89
' 104.9
US. 6
129
' 10"
130
120
115.0
132
' 197
' 95
' 9S. 8
100
98
104. 0
113
' 102. 2
10fi! 8
' 100 1
r 1 19. 8
r
62. 0
29
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, 1937
together with explanatory notes and references to the source of the data may be found
January January
in the 1938 Supplement to the Survey
1936
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, unadjusted, by cities and States:
City or industrial area:
Baltimore
1929-31=100..
Chicago
1925-27=100-.
Cleveland
1923-25=100..
Detroit
do
Milwaukee
1925-27=100..
New York
do
Philadelphia
1923-25=100..
Pittsburgh
do
Wilmington
do
State:
Delaware
__do.._.
Illinois
1925-27=100..
Iowa
1923-25=100..
Maryland
1929-31 = 100..
Massachusetts
1925-27=100..
New Jersey
1923-25=100..
New York.
1925-27=100-.
Ohio
1926 = 100..
Pennsylvania
1923-25 =--100-.
Wisconsin
1925-27=100..
Nonmanufaeturing, unadjusted (B. L. S.):
Mining:
Anthracite
1929=100..
Bituminous coal
do
Metalliferous
do
Petroleum, crude, producing
do
Quarrying and nonmetallic
do
Public utilities:
Electric light and power, and manufactured gas
1929 = 100..
Electric railroads, etc
do
Telephone and telegraph
do
Trade:
Retail, total
do
General merchandising
do ..
Other than general merchandising
1929 = 100..
Wholesale
do
Miscellaneous:
Dyeing and cleaning
do
Laundries
do
Year round hotels
do
Miscellaneous employment data:
Construction employment, Ohio .1926=100..
Hired farm employees, average per 100 farms
numberFederal and State highway employment:
Total
number..
Construction
do
Maintenance
do
Federal civilian employees:
United States
do....
District of Columbia
do
Railway employees:
Class I steam railways:
Total
thousands..
Index :
Unadjusted
1923-25 = 100..
Adjusted
do
Trades-union members employed:
All trades
percent of total..
Building
do
Metal
do
Printing
do
All other
do
On full time (all trades)
do
93.0
81.5
93.0
126.0
110.0
81.1
102.5
84.2
99.1
91.5
77.6
96.4
83.9
101.4
80.4
100. 2
84.8
97.4
92.1
78.8
102.0
103.0
104.0
82.2
101.1
86.1
98.0
91.5
80.2
102.2
117.7
106.1
81.9
102.1
82.9
99.3
92.2
81.3
102.0
126. 1
107.0
81.1
102.9
' 84. 3
'99.0
111.3
84.7
119.8
93.0
78.2
80.8
79.7
98.8
84.5
91.9
118.4
86.6
121.8
98.9
79.8
83.1
83.2
101.0
87.0
95.2
105. 7
86.9
121.9
100.2
80.4
82.7
84.6
103.0
88.1
96.8
105.6
87. 9
124.1
99. 5
81.6
83.4
84.7
103.0
r
87. 5
96.9
105. 2
89. 1
128.5
99. 1
83.6
84.7
85.4
48.4
75.5
61.3
75.4
54.4
41.1
76.9
61.6
75.0
55.3
47.6
78.2
63.1
74.5
54.9
49.9
81.1
64.2
73.6
54.6
51.5
r 82.3
r 62. 9
90.4
71.7
72.1
91.7
72.4
73.1
93.1
72.4
73.5
72.8
73.7
94. 0
73.1
73.8
r
93. 5
r 73. 0
73.7
93. 1
72 6
85.0
95.5
85.5
96.4
83.2
90.7
82.4
89.4
86. 6
98.5
88. 7
103. 9
r
90. 4
' 110.4
100.1
146. 4
82.0
85.7
82.3
84.6
81.2
85.4
80.5
86.3
83.5
88.0
84.7
89.0
r
84. t
85. 1
89.7
87.9
91. 2
74.7
82.1
82.8
81.8
83.2
83.2
87.3
85.5
84.1
87.5
87.2
85.5
90.5
83.3
83.5
89.6
83.2
86.7
89.6
84.2
86.5
87.6
85.4
' 81. 3
87.0
' 84. 6
77.7
88. 6
83.7
24.4
32.4
37.3
45.9
52.0
46.0
46.0
48.0
49.0
51.0
71
74
89
90
100
101
99
111
107
210. 027 202, 884
92,451
97, 089
117,576 105,795
200, 451
80, 674
119, 777
227, 586
94,200
133,386
287, 478
144,173
143,305
374,191
209, 835
164,356
423, 466
258,103
165,363
435, 971
271,015
164,956
433, 533
274, 651
158, 882
414,147
262, 375
151, 772
389, 966
240, 249
149, 717
353,971
200, 283
153, 688
288, 248
149,708
138,540
829, 794
115,870
805, 020
111,954
799, 930
112,304
806. 035
112,370
810,418
115, 073
817,856
116, 857
824, 259
117,103
830, 622 834, 266
116, 022 115, 569
835, 704
841,017
114, 510
839,053
114,792
831,095
115,964
991
1,042
1,032
1,061
1,080
1,089
1,097
1,102
1,114
1,121
1,104
1,095
60.2
62.8
55. 0
57.3
57.8
60.1
57.2
58.8
58.8
59.2
59.8
59.1
60.3
60.8
59.3
61.0
59.6
61.7
60.5
62.1
60.4
61.1
60.7
60. 5
62. 1
85
71
89
90
88
64
78
50
83
85
82
56
78
48
83
87
83
57
79
51
83
87
83
58
83
73
75
87
76
41.0
38.4
39.2
40.0
40.6
'2,500,000
! 9 2 , 000
249
632, 811
58, 609
249
747, 963
89, 691
301
1,330,425
122,103
328
857,159
114,272
343
998,113
123,275
82.0
69.2
94.2
100.0
94.2
74.5
90.8
71.3
83.3
69.3
94.4
101.5
96.1
77.2
91.8
71.8
86.1
86.2
70.0
95.1
105.8
97.6
75.9
91.7
74.4
85.3
87.7
71.7
96.2
105.0
99.5
74.3
91.5
76.0
88.2
72.6
96.2
103.5
99.2
72.2
92.2
78.7
89.6
88.9
73.6
96.4
101.0
98.1
72.5
93.6
80.9
93.3
84.2
76.0
91.1
78.0
97.4
77.1
96.1
82.7
95.3
89.7
75.8
115.6
88.4
74.3
76.3
75.2
93.2
76.9
'85.9
89.1
76.7
114.5
88.3
75.3
76.1
75.3
93.2
77.3
87.1
88.7
77.8
117.4
90.5
74.8
76.4
77.2
91.0
77.6
88.7
88.3
79.0
119.0
93.1
74.5
77.0
77.4
96. 3
79.1
89.3
90.4
80.3
121.8
94.2
74.0
77.7
77.5
97.5
79.5
90.7
94.6
81.6
123.2
93.9
73.4
79.3
76.8
96.7
80.7
91.8
99.1
82.1
121.0
95.5
75.4
78.7
77.4
97.6
82.4
95.6
54.1
84.4
66.4
72.8
45.9
59.1
79.8
54.2
71.1
39.4
61.2
80.2
55.5
70.8
36.9
52.5
80.4
55.9
70.9
42.2
49.8
77.5
57.5
71.3
48.4
54.9
76.2
60.8
72.7
52.0
51.2
75.7
61.9
73.7
53.5
92.1
72.4
74.4
86.1
70.7
70.1
86.1
71.7
71.2
70.2
88.0
71.3
70.8
89.0
71.5
71.6
86.3
97.7
80.4
88.2
7-9.7
85.1
81.9
90.9
85.2
97.4
83.3
90.8
78.4
85.6
78.3
85.0
79.5
85.6
76.5
88.4
86.1
71.5
81.5
81.9
70.3
81.2
82.8
28.4
62
105.2
89.4
126. 2
100.3
84.0
83.9
85.4
8.1
69
68.7
94.9
103.8
95.2
73.7
90.5
69.7
87.0
83
66
114, 611
'83.3
97. 4
54.8
83.8
65. 0
72.3
49. 2
r 7?,. 2
52. 6
90
74
90
90
88
65
LABOR CONDITIONS
Hours of work per wreek in factories:
Actual, average per wage earner
hours_.
Industrial disputes (strikes and lockouts):
Number of disputes (in progress)
Man-days idle
number..
Workers involved (in progress)
do
Employment Service, United States:
Applications:
Active
file
do
New
do
Placements
do
Private
do
Placements to active
file
percent..
Labor turn-over in mfg. establishments:
Accession rate__mo. rates per 100 employees
on payroll
Separation rate:
Total
percent..
Discharge
do
Lay-off
do
Quit
do....
39.5
39.4
307
697,148
95, 270
325
1,012,027
122, 396
39.4
287
1,308,037
131,129
292
1,070,173
122,148
41.2
41.3
••316
" 240
1,066,867 M, 967,483
147,068 r 157,006
i,273,119 9,083,717 9,252,657 9,312,517 9,044,859 8,812,299 6,498,076 6,726,329 6,823,904 6,829,065 6,887,631 i 6,832,246
291, 941 433, 585 355, 327 364, 758 300,516 295, 812 370, 233 • 395,796 384,785 355,489 357,178 339,510
240, 667 522, 762 387, 279 442, 331 454, 826 468, 588 473,141 1 437,805 436,192 434,nO3 398, 888 330, 797
142, 981
61, 883
66, 263
93,122 110,912 133, 802 123, 517 '117,828 131,022 167,672 173, 453 158,943
.038
. 058
.042
.047
.053
.050
.073
.064
.065
.064
.058
.048
r
4.60
3.65
3.38
.21
1.90
1.27
3.57
.20
2.66
.71
Revised.
3.06
.17
2.21
3
3
v 259
2,075,000
183,000
1,301,515
• 306, 897
• 303, 121
• 172, 344
.048
3.97
4.46
4.05
4.49
4.94
4.72
5.09
4.83
4.60
4.41
2.88
.19
1.83
.86
3.29
.21
1.92
1.16
3.32
.20
2.06
1.06
3.28
.23
1.92
1.13
3.22
.23
1.84
1.15
4.73
.27
3.23
1.23
3.30
.26
1.47
1.57
3. 25
.24
1.72
1.29
3.04
.21
1.70
1.13
3.41
.22
2.14
1.05
1
Preliminary.
30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, 1937
together with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
July
August
SeptemDecemOctober November
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
I
PAY ROLLS
Factory unadjusted (B. L. S.)f~ 1923-25-100...
Durable goods group t
do
Iron and steel and produetsf
do
Blast furnaces, steel works, and rolling
mills
1923-25=100..
Structural and ornamental metal work
1923-25=100..
Tin cans, etc
„
do
Lumber and products...
do
Furniture
.
do
Millwork
do
Sawmills
do
Machinery f
do__._
Agricultural irn plementst
do
Electric machinery, etc
do
Foundry and machine shop products
1923-25 = 100..
Radios and phonographs
do
Metals, nonferrous
cio
Aluminum mfrs
do
Brass, bronze, and copper products
1923-25 = 100. _ I
Stamped and enameled ware
do
Railroad repair shops
do
Electric railroads
do |
Steam railroads
do
Stone, clay, and glass products
do |
Brick, tile, and terra cotta
do..
Cement..
do..
Glass
doTransportation equipment f
do..
Automobiles
do .
Gars, electric and steam railrondf _do___.
Shipbuilding
do....
Nondurable goods groupt
do
Chemicals and products
do
Chemicals
„ __
do
Druggists' preparations
do
Paints and varnishes
do
Petroleum refining
__do
Rayon and products
do
Food and products
do
Baking
do
Beverages
...do
Slaughtering and meat packing...do
Leather and products
do
Boots and shoes
>
—do i
Leather
do
Paper and printing.
do.___i
Paper and pulp
do
Rubber products
do
Rubber tires and tubes.
do
Textiles and products
do
Fabrics
do
Wearing apparel
do
Tobacco manufactures
do
Factory, unadjusted, by cities and States:
City or industrial area:
Baltimore
.1929-31 = 100..
Chicago
.
1925-27=100...
Milwaukee.
do
New York
do
Philadelphia...
1923-25 =100..
Pittsburgh
do
Wilmington
do__ „
State:
Delaware
do
Illinois
1925-27=100Maryland
1929-31 = 100—
Massachusetts
1925-27-= 100. New Jersey
1923-25 = 100—
New York
1925-27=100—
Pennsylvania
1923-25= 100- _
Wisconsin
1925-27=100—
Nonmanufacturing, unadjusted (B. L. S.):
Mining:
Anthracite
1929=100-.
Bituminous coal
do
Metalliferous
do.. _ _
Petroleum, crude, producing
do
Quarrying and nonmetallic
do
J
Public utilities:
I
Electric light and power and manufactured
gas
1929 = 100
Electric railroads, etc
do
Telephone and telegraph
do
90.6
86. 6
99.7
' 73. 8
' 66. 9
' 69. 6
r 73. 7
' 66. 6
' 70. 3
77.6
71.8
75.4
'79. 3
T 7(] 4 0
'79. 7
'80.8
' 78. 5
' 83. 0
'81.1
'79.0
' 84. 0
' 80. 2
'75.9
'81.8
' 83. 5
'77.0
'86.8
'83.6
'77.2
'87.1
'89.0
' 85. 3
'93.2
'90.7
'88.9
'95.8
'95.1
' 93.1
' 102.0
116.6
76.6
83.1
89. 1
92.9
94.5
92. 5
98.1
97.7
101.8
105.0
' 115. 4
63,2
95. 8
5i.fi
71. 7
47.0
36.7
110.1
132.2
95.4
42.0
87.4
45.9
51.3
34.6
36.4
r 82. 5
' 136. 0
69.9
41.6
82.7
45.8
53.8
34.4
35.2
' 83. 5
- 138. 5
60.6
46.3
90.8
50.3
55.1
37. 6
40.4
8o. 8
143. 9
50. 7
90. 6
52. 3
55. G
39. 5
42. 9
T 91.2
' 145. 9
78.3
56.3
94.8
54. 4
56.1
42. 0
45.1
' 94. 7
' 142. 4
81.1
60.4
98.1
55.8
58.7
44. 0
45.4
' 95. 8
r
131. 4
83.3
61.3
98.4
54.5
59.9
42.3
43.3
' 92. 8
' 108.3
82.9
65. 5
108.8
58. 9
68.4
46.9
44.8
'93. 9
' 91. 5
82.6
66.0
112.5
60.3
71.1
46.5
45.8
94.7
'87.1
84.3
68.5
97.2
63.5
76.9
49.8
47.1
' 102. 7
' 105.9
92. 7
65. 5
92.2
60.8
77.6
49.6
42.7
' 105. 6
' 102. 0
96.8
' 65. 7
' 93. 5
60.5
'78.3
'50.7
'41.6
' 113.6
' 121. 5
' 103.1
93.4
145. 4
97.4
114. 6
70. 2
120. 6
76.1
86.9
71.9
109. 0
76.0
89.4
75.4
104. 9
77.6
93.2
79. 4
112.8
77.8
91.8
82. 5
135. 6
79.0
91.8
83.7
154. 9
79.9
94.3
81.4
143. 3
77.4
96.1
83.9
164.7
82.9
100.4
85.0
160.9
88.0
98.9
90.2
177.9
99.7
110.6
93.3
169. 4
102.0
114.9
113.3
151. 4
61.5
6," 0
61. 3
52. 1
35.0
52. 1
82. 8
102. 1
110.4
57. 3
96.0
95.8
119.1
130. 8
113. 6
120. 8
119.5
335.9
100. 7
119. 5
18".. 1
95.2
84. 6
80.3
102. 4
99. 0
109.3
97. 7
93. 3
04. 6
96.0
87.9
46.1
81.6
114. 4
50. 5
60. 8
49. 8
41.9
25.0
29.0
81.0
80. 5
114. 4
55.9
62. 5
55. 5
42.4
24.2
29.4
82.5
.1
83.9
39.7
80.5
80. 0
121. 5
60. 9
63. 6
60.8
48. 2
28. 0
39.3
87.7
81.1
127. 4
5S. 6
C2. 5
58. 4
52.4
32. 3
47.3
90.7
83.8
124. 6
60.1
61.9
60.1
55.8
39.3
56. 3
90. 5
94.4
46. 0
90. 9
84. 9
104. 5
107.1
106. 5
108.7
109. 6
282.0
90. 2
109.5
180.5 '
109.1
52. 4
102. 2
83. 9
122. 6
50.5
62.7
59.4
55. 6
36. 9
54.5
91. 6
101. 6
111. 1
51.8
102.3
83.8
105. 4
111.3
102.1
120. 2
110.0
273. 3
95.7
112.9
214.3
78. 6
63.8
56. 5
91.0
90.7
96. 3
86.4
107.1
54. 0
98.1
' 83. S
105. 4
113.3
99. 4
120. 9
112.3
276.8
98.9
115. 1
220. 7
Si. 2
64.6
57. 8
89.8
89.2
95.1
89.0
89.5
76.8
75.2
76.6
50.1
82.8
115. 9
56. 0
61.7
55.7
55. 3
39.1
58.0
87.7
' 92. 6
99. 5
50. 5
99.0
85. 6
106. 4
114.9
100. 8
113. 8
114.7
287. 8
107. 0
110.1
266. 4
86. 7
74! 2
70. 3
89.9
85. 8
92.5
87.1
88.5
77.3
77.1
74. 3
51.0
89.4
123. 5
57.7
61.3
57. 5
58. 3
40.3
60.2
92.8
'81.0
83.4
' 55, 3
97.8
' 91. S
108. 1
117.7
105. 2
113.5
112.2
300.1
114.0
116.2
237.1
87.5
80.3
77.2
94.0
89.4
96.9
90.8
91.6
87.4
83.0
92.4
53.5
95.2
123.0
50. 2
61 "3
59.1
58.2
39.4
61.0
91.2
' 70. 3
77.3
99." 4
'91.6
112.0
120.1
107.2
Hi. 0
116. 3
302.4
116.5
117.9
227.1
85.1
75. 7
70.7
95.5
92.0
95. 2
92.2
91.9
83.9
80.5
87.0
53.3
102.9
154. 4
63.9
63.5
64.0
62.5
41.3
62.0
103. 0
' 95. 8
101. 5
'59.7
103. 2
93.7
114.4
124. 7
112.6
119.6
115.9
307. 6
111. 5
119.0
198.9
83. 7
74. 0
67.4
99.0
96. 5
101.9
96. S
93.8
88.5
85. 1
91.5
54.7
103.8
155.0
65.2
65.5
65.4
61.1
41.1
63.1
99.4
'113.4
125.8
' 57.6
97.3
'92.9
114.8
127.5
112.7
116.8
119. 1
299. 6
108.3
120.4
191.3
99.8
67.3
58.2
100.8
98.6
104.5
101.2
98.9
87. 2
86.7
84.6
54.8
95.7
36. 8
82. 5
' S2. 5
100.4
103. 7
101. 5
104. 1
105.9
279.0
89.8
107. 5
163. 4
82.6
76.7
72.2
94.7
86. 9
91.0
7S.0
74.6
80.2
78.7
79.9
43.0
99.9
103. 9
100. 3
106. 0
104. 8
275.1
87,4
JOS. 4
159. 3
74.8
77.4
74.1
91.7
87.7
92.8
74.9
70.0
82.3
78.5
80. 5
44.9
73! 1
69.2
89. 0
89.3
94.2
66.7
55. 6
85.7
78.7
96.0
46.5
103'8
109. 1
104.3
114.2
10S. 2
269. 0
90. 3
108. 9
186. 7
74.6
67.7
62. 0
89.7
80. 8
95. 5
82.8
79.8
81.3
77 2
86*2
44.0
78.2
75. 2
80. 9
48. 5
' 111.6
' 164. 2
' 65. 5
' 67. 4
' 65. 6
' 59. 1
' 40. 9
' 58. 8
'95.1
' 120. 9
'135.7
' 59. 9
'90.6
97.6
' 118. 3
' 132. 5
' 112.5
' 121.6
'119.5
' 321. 3
' 105. 7
' 119.8
' 187. 6
' 101. 5
' 78. 3
'71.4
' 105. 0
' 102. 6
' 108. fi
' 104.8
'98.7
'94.6
'96.8
'86.3
55.4
80.9
52.2
87.0
69.1
80.0
75.5
75.6
85.4
52.3
89. 3
65.0
76.8
88. 7
76.5
91.3
54.2
8P. 5
63. 4
79.8
90.3
79.1
92.9
55. 7
91.5
61.2
81.1
94 4
82.9
92.7
56. 4
87. 6
62. 4
82. 1
93.3
84.8
85.3
58.5
89.5
68.1
88.3
96.6
89.8
96.9
58.4
90.3
69.0
88.8
98.3
90.5
99.8
61.2
97.1
106. 6
97.1
80.3
51.1
81. 2
63.9
78.2
73.9
76.5
103. 1
71.5
94.1
105. 1
93.6
101.9
62.7
103. 6
70.9
94.3
101.0
96.4
104.0
65.0
103.9
72.4
96.9
' 110. 9
'98.9
89.8
74.7
1(56.5
80.3
79. 1
78. 6
88.9
93.9
71.9
57.4
81.9
64.8
65. 2
64.4
66.0
75.2
70.5
58. 3
83.3
65.9
65.0
64.5
67.2
74.0
69.9
60.8
84. 4
65.3
66.4
67.2
69. 0
79.2
70.8 I
61.3 I
88.4 '
66.0
67.4
66.4
72.8
79.0
73. 5
62.8
93.2
65.4
68.8
66. 6
74.4
80.4
76.9
64.4
94. 3
64.0
70.0
66. 3
76.2
81.8
79.4
63.8
94.2
66.6
69. 4
67. 5
76.7
79.7
86.9
66.4
89.4
70.1
72.0
71.0
81.5
82.6
90.5
66. 9
100.2
70.3
71.8
72.3
82.6
82.7
87.3
70.4
103.1
71.4
75. 5
75 2
87'. 8
91.7
89.2
71.9
103. 0
73.6
77.3
75.1
'86.4
92.7
'91.4
74.6
106.0
79.9
81.6
79.1
'90.9
93.7
42.7
80.0
57. 9
61.0
34.9
54. 4
70.6
41.7
55.7
25.5
76.7
78.4
42.8
55. 7
23.9
42.6
70. 2
45.1
56. 0
30.9
28.6
62. 6
45. 5
57.1
36.1
56.3
62.2
47.7
58.0
42.1
42.0
61. 5
48. 2
5S.9
44.0
37.2
62. 6
4-0.1
00.4
43.9
31.4
65.4
48.2
59.7
46.2
34.9
71.0
50.0
60.4
44.8
48.5
79.2
53.7
59.6
46.2
40.3
'80.7
'54.6
'60.1
'43.5
55.4
84. 9
58.4
61. 3
38.9
92.1
68.3
84.0
84.8
65.0
75.0
S4.7
68.3
76.2
85.9
67.8
77.2
86.2
65.9
76.0
87.0
66.1
78.5
88.1
66.8
77.4
89. S
66.5
79.9
89.8
66.5
81.2
91.4
66.4
78.8
92.7
67.7
83.1
91.8
'69.7
81.6
94.1
69.1
82.4
For revisions beginning Jan. 1934, see table no. 13, p. 19, of this issue.
m. 1
100. 2
167. 5
105. 5
114. 7
78.1
51. 2
84.5
63.8
78.2
71.4
78.0
104. 0
65. 8
104. 6
r
Revised
fRevised.
r
'
'
'
'
31
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, 1937
together with explanatory notes and references
to the source of the data may be found in the
j January January
1936 Supplement to the Survey
1936
February
June
July
August
Septem- October Novem- December
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS-Continucd
Nonmanufacturing—-Continued.
Trade:
Retail, total
1929-100..
General merchandising
do
Other than general merchandising.do
Wholesale
do
Miscellaneous:
Dyeing and cleaning
do
Laundries
do
Year round hotels
do
08. 0
83. 5
64.8
62.1
76.4
59.1
66.6
61.6
73.9
59.1
66.6
63.5
77.3
60.7
69.0
65.3
81.0
62.1
67.9
65.8
80.8
62.7
68.2
66.4
81.3
63.3
68.4
65.1
77.3
62.6
69.0
64.4
76.4
61.9
69.7
66.6
82.8
63.3
70.6
68.3
87.2
64.4
71.6
70.1
91.3
65. 7
73.0
75.6
110. 3
07. 2
73.0
r»r>. 3
70. 5
71.0
51.6
68.3
64.9
49.0
67.8
66.5
50.4
69.9
66.0
64.1
70.9
66.3
72.2
75.6
67.0
69.2
75.8
66.6
64.8
79.0
66.0
63.2
76.7
66.1
66.1
76.6
67.5
66.7
75.3
69. 6
60. 0
74. 5
69. 7
57. 7
70. 0
69. 5
20. 18
23.40
23.14
23. 67
24.33
24.41
24.45
24.23
24. 66
25.11
25.51
25.83
r 26. 64
26.05
18. 68
15. 38
87.0
26.43
19. 14
15.24
89.0
27.18
19.60
15.15
91.4
27.32
19.67
14.98
91.7
27.31
19.74
15. 00
91.9
26.88
19.56
15.14
91.1
27.49
20.04
15.93
92.7
28.16
20. 25
15. 87
94.4
28. 55
20.72
16. 06
95. 9
29. 03
21. 20
16.23
97.1
r 30. 27
21.05
J6.89
9H.4
26.40
19. 01
15. 12
87.9
97. 1
97. 2
98. 0
85.7
85. 3
87.7
84.6
83.8
89.2
85.8
85.9
88.4
88.2
88.0
87.9
88.7
88.3
86.9
88.6
88.6
87.0
87.2
87.8
87.8
89.2
89.9
92.4
91.4
90.9
92.1
92.7
03.0
93. 2
94.2
95. 2
94.1
98.2
98. 2
98.1
WAGES—EARNINGS AND RATES
Factory, weekly earnings (25 industries)
(N. I. C.B.):
All wage earners
dollars,
Male:
Skilled and semiskilled
do
Unskilled
do
Female
do
All wage earners
1923=100..
Male:
Skilled and semiskilled
do
Unskilled
do
Female
do
Factory av. hourly earnings (25 industries)
(NT. I . C . B.):
All wage earners
dollars..
Male:
Skilled and semiskilled
do
Unskilled
do
Female
do
Factory, weekly earnings, by States:
Delaware
1923-25 -100-.
Illinois
1925-27 = 100-.
Massachusetts.
do
New Jersey
1923-25=100..
New York
1925-27 = 100..
Pennsylvania
1923-25= 100..
Wisconsin
1925-27 = 100-.
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
dol. per hour_.
Skilled labor
do—
Farm wages, without board (quarterly)
dol. per month-.
Railways, wages (average)
dol. per hour...
Road-building wages, common labor, on
public works projects:
United States
dol. per hour..
East North Central
~._do
East South Central
do
Middle Atlantic
do
Mountain States
do
New England
do
Pacific States
do
South Atlantic
do
West North Central
do —
West South Central
do—.
Steel industry wages:
U. S. Steel Corporation f
do
Youngstown district, .percent base scale—
r 21.88
10. 92
r
100.1
.608
.611
. 613
.616
.617
.617
.616
.619
.619
.624
'.636
. 515
.442
.673
.492
.431
.674
.489
. 430
.676
.493
. 429
.680
.496
.430
.684
.498
.432
.685
.496
.429
.684
.498
.428
.683
.495
.429
.687
.496
.430
.689
.498
.431
. 690
. 505
.431
'.711
*•. 517
1)0. 0
90.9
95. 3
105.3
92. 1
99. 4
91.1
84.4
81.7
87.1
95.4
85.7
85.0
86.2
83.4
81.9
87.4
95.4
85.6
85.9
83.4
83.1
84.2
87.2
97.1
87.0
87.7
88.4
84.6
83.5
88.5
97.9
85.7
91.9
87.9
85.8
84.2
88.3
99.0
85.9
92.6
87.7
85.8
85.0
87.0
98.6
86.3
93 2
88! 0
84.4
84.1
88.1
98.5
87.2
91.5
83.2
82.3
84.4
89.4
99.5
89.0
95.0
89.4
80.5
83.1
87.9
96.4
87.0
93.4
80.3
86.9
87.2
88.0
101.9
88.9
97. 5
94.0
89.0
88.0
90. 0
103.5
88 7
97.3
95.1
'91.6
89. 8
95. 3
107.0
92. 7
101.3
95.8
. 003
1.24
.547
1.12
.547
1.12
.547
1.13
.552
1.13
.558
1.14
.564
1.14
.554
1.15
.569
1.16
.569
1.16
.583
1.18
. 583
1.18
.586
1.18
20. 68
28.63
.682
.695
.676
30.87
.670
.670
.663
32 21
.664
.665
.672
32 84
.667
.686
.683
.40
.58
.30
.44
.55
.48
.60
.31
.48
.37
.38
.60
.30
.46
.54
.50
.57
.33
.49
.36
.37
.62
.30
.48
.55
.50
.59
.32
.47
.36
.38
.57
.30
.46
.55
.52
.57
.33
.46
.37
.42
.56
.30
.45
.57
.48
.55
.34
.48
.36
.42
.54
.30
.46
.56
.47
.55
.33
.49
.36
.42
.56
.30
.46
.56
.50
.54
.33
.49
.36
.41
.54
.30
.47
.57
.49
.51
.32
.50
.34
.42
.58
.31
.47
.56
.48
.56
. 32
.34
.42
.60
.33
.48
.55
.51
.53
.33
.50
.35
.41
.63
.30
.48
.53
.47
.52
.31
.51
.34
.39
.61
.30
.50
.50
.45
.51
.31
.50
.32
.485
115.0
.485
115.0
.485
115.0
.485
115.0
.485
115.0
.485
115.0
.485
117.0
.485
117.0
.485
117.0
. 485
117.0
. 505
125. 0
.525
125.0
.639
.39
.05
. 30
.53
.60
.40
.31
. 50
. 36
150
.436
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
do.. .
Held by group of accepting banks:
Total
mills, of dol._
Own bills
do
Purchased bills. _ _.
-do
Held bv others
do
Com'l paper outstanding
_ _. do
Agricultural loans outstanding:
Grand total
__
do
Farm mortgage loans, total
do
Federal land banks
. do
Land bank commissioner
do
Loans to cooperatives, total
do
Federal intermediate credit (direct)
mills, of dol__
Banks for cooperatives incl. Central
Bank
mills, of dol__
Agricultural Marketing Act revolving
fund
mills, of dol__
387
384
377
359
344
331
316
316
308
315
330
349
373
325
154
171
62
244
353
181
172
31
178
340
108
37
176
321
150
171
38
ISO
310
143
167
34
174
297
155
142
34
184
276
129
147
40
169
278
131
147
37
188
279
140
139
29
205
276
139
137
39
197
296
150
147
34
199
309
157
152
40
191
3J5
151
164
57
215
3, 350
2, 898
2, <;oi
836
120
3,316
2,869
2,066
803
93
3,317
2,869
2,059
811
89
3, 337
2,878
2,060
818
87
3,362
2,885
2,062
823
85
3,374
2,890
2,063
827
82
3,381
2, 891
2,064
827
84
3,385
2,894
2,065
829
88
3,382
2,899
2,067
832
89
3,379
2,902
2,068
834
105
3, 376
2,903
2,068
835
123
3, 309
2, 902
2, 066
836
130
3,361
2,901
2, 064
837
125
(*)
<°)
(»)
1
1
2
1
2
2
2
2
1
64
47
43
41
40
40
40
43
44
56
71
73
70
54
44
44
44
44
42
45
44
44
49
51
56
54
Revised.
* Less than 1 million dollars.
5 Basic rate for common
labor.
§ Construction wTage rates as of Feb. 1, 1937—common labor,r$0.603; "skilled labor, $1.24.
32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, 1937
together with explanatory notes and references
to the source of the da.ta may be found in the
January Jamiary
1936 Supplement to the Survey
March 1937
193G
February
March
April
June
May
July
October NovemAugust September
ber
December
FINANCE—Continued
BANKING—Continued
Agricultural loans outstanding—Continued.
Short term credit, total
mills, of dol__
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.', prod,
credit ass'ns and banks for cooperatives
mills, of dol_.
Other financing institutions
do
Production credit ass'ns
do
Regional agr. credit corp
...do
Emergency crop loans
do
Drought relief loans
...do
Joint stock land banksinliquidation__.do
Bank debits, total
do
New York City
do
Outside New York City
do
Brokers' loans:
To N. Y. S. E. members
__.do
By reporting member banks:
To brokers and dealers in New York City
mills, of dol___
To brokers and dealers outside New York
City
mills of doL...
Federal Reserve banks, condition, end of mo.:
Assets (resources) total
mills, of dol__
Reserve bank, credit outstanding, tot,l
mills, ot cioL
Bills bought
do__
Bills discounted
do
United States securities
do
(
Reserves, total
]o
Gold
do....
Liabilities, total
do
Deposits, total...
do...
Member bank reserve balances, tttal
mills, of ool__
Excess reserves (estimated)
do
Notes in circulation
do
Reserve ratio
percent
Federal Reserve reporting member t inks,
condition, end of month:
Deposits:
Demand
mills, of dol__
Time
do
Investments, total
do
U. S. Government direct obligations.-do
U. S. Government guaranteed issues do
Other securities
do
Loans, total
do
Acceptances and commercial paper __ do
On real estate
„
do
To banks
do
On securities
do
Other loans
do
Interest rates:
Acceptances, bankers' prime. ______ percent..
Bank rates to customers:
In NewYork City
do
In eight other northern and eastern cities
percent..
In twenty-seven southern and western
cities
percent..
Call loans, renewal (N. Y. S. E.)
do
Com'l paper, prime (4-6 mos.)
do
Discount rate, N. Y. F. R. Bank
do
Federal Land Bank loans
do
Intermediate credit bank loans
do
Time loans, 90 days (N. Y. S. E.)
do
Savings deposits:
N. Y. State savings banks
mills, of dol..
U. S. Postal Savings:
Balance to credit of depositors
do
Balance on deposit in banks..
do
333
35-1
126
38
106
24
104
60
130
105
46
90
41
39,479
10', 090
20, 3S3
105
1/.925 !
17,499
111
47
103
41
104
64
16*
31, 572
15,80*
15, 76t
123
48
11G
40
104
64
162
37, 490
19, 629
17, 807
391 !
402 !
405
403
394
373
350
337
335
133 [
50 !
128 ]
140
52
135
38
114
144
53
139
36
114
146
53
141
35
112
62
147
34,816
16, 199
18, 617
144
53
136
33
111
62
145
31,469
14, 363
17,106
139
48
122
31
110
62
142
33, 242
15, 656
17, 586
136
42
111
29
107
61
139
37,313
17,171
20,142
132
39
105
26
105
61
136
35, 869
17,394
18, 475
130
39
105
25
104
60
133
45. 896
22, 658
23, 238
967
974
972
975
984
1,051
973
958
972
933
969
1,047
238
253
205
222
220
212
242
11,266
11, 574
11,629 '
11,621
11,862
12, 057
12, 208
12, 525
2,473
3
2,470
3
8
2,430
8, 579
8, 312
11, 621
6, 800
2, 473
3
9
2,430
8,659
8,397
11,862
6, 844
2,476
3
6
2,430
8,914
8, 662
12, 057
7,035
2,453
2, 500
3
7
2, 430
9,048
8,810
12, 208
7, 068
12, 525
7, 109
39 I
112 |
J!
1,020
925
924
34, 783
17.2*6
17,497
997 | 1,064
964
893
898
990
2"0
171
71 !
171
220
12, 291
11,088
2, HI
2, 479
2, MG
\* 0
4 ISO
80 2
15, 493
5, 077
13, 638
9,149
1,214
$, 911
392
1,151
60
3,238
4,100
2, 430
8, i21
5, 711
2, 9hO
78.1
14, 017
4,888
12, 996
8, 655
1,172
3, 169
7, 999
360
1, 112
65
3, 128
3, 304
989
1, 154
, 127
14, 090
4, 900
13, 047
8,690
1, 201
3,156
7,959
349
1, 146
&i
3, 117
3, 281
8
, 4>)
, I -/
, 130
, 01'
11,
6,
, o()5
, 76 i
78 2
13, 578
4, 909
13, 229
8, 643
1, 265
3,321
8, 392
1,144
88
3, 405
, C i
,7.V
78 3
14, 258
5,047
13, 452
8, 802
1, 281
8! 343
346
1, 141
67
3, 304
3, 485
63
151
\ 505
I, 623
^,882
2, 4S2
7, f s5
li 0^4
6, 'lofr
7, 2 V
6, 77"
11,094
63 !
154 !
2, 430
8,132
7,837
11,260
6, 574
2, 430
8, 385
8,119
11,574
6, 585
2,462
3
4
2,430
8,503
8,210
11,629
6, 758
5,719
2, 866
3, 795
78.4
5, 633
2,717
4,034
79.0
6,005
3, 029
3, 978
79.2
6,410
1, 950
4,018
79.3
5, 357
1, 840
4,049
79.5
6,753
2,175
4,116
79.9
6,788
2, 236
4.199
80.3
6, 606
1,984
4,284
80.1
14,580
5, 035
13, 522
8, 909
1,305
3, 308
8, 626
315
1, 147
92
3, 486
3,586
14, 679
5.011
14, 159
9, 510
1, 289
3, 360
8, 460
315
1,145
62
3, 319
3, 619
14, 850
5, 015
14, 084
9, 456
1, 272
3, 356
8, 294
319
1, 144
58
3,173
3, 600
14, 867
5, 032
13,809
9, 263
1,236
3, 310
8, 454
318
1,145
65
3,177
3, 749
15,116
5, 063
13, 929
9, 336
1, 256
3, 337
8, 753
311
1,139
112
3,242
3, 949
15, 340
5, 065
13, 796
9,274
1,257
3, 265
8, 721
313
1,143
53
3,179
4, 033
15, 464
5, 037
13,647
9,173
1,246
3, 228
8,812
324
1,152
63
3, 205
4,068
15, 571
5, 067
13, 742
9,241
1, 238
3, 263
9,189
351
1,156
66
3, 326
Me
Me
Me
Me
2. 42
2.40
2. 430
9. 121
8, 865
4, 290
2. 64
2.58
2.54
2.51
2.44
2.44
2.46
Mo
2.43
2.43
3.62 |
3.63
4.47 J
'u
4.51
. 75
3.47
3.45
3.51
3.61
3.47
3.45
3.50
3.47
4.44
.75
4.40
4.43
.93
4.39
1.00
4.25
1.00
4.29
1.00
r 4. 23
1.00
r 4.24
1.00
1.50
4.00
2.00
1
5,177
1.50
4.00
2.00
1
5,177
1.50
4. 00
2.00
1
4.35
1.00
%
1.50
4.00
2.00
5, 204
1, 208
244
1,214
224
1,216
221
1, 077
59
51
174
10
40
18
856
41
36
137
3
34
13
3
6
4
12
8
1
30
1. 50
4. 00
2.00
1
u
n
H
3
H
3.46
4.14
1.00
H
u
H
IK
IK
IK
IK
5,175
1.50
4.00
2.00
1-1J4
5,165
1.50
4.00
2.00
5,210
5,197
5,197
5,223
5,210
5,201
5, 243
1,215
216
1,214
211
1,232
203
1,244
172
1,249
166
1,251
162
1,255
158
1, 257
132
1, 260
132
830
38
32
161
5
37
12
4
7
9
2
832
35
46
146
5
33
11
773
43
36
143
11
35
11
3
5
8
7
13
639
34
42
131
4
37
6
6
6
8
5
7
G
655
37
36
104
6
30
6
1
6
2
7
10
2
18
3
13
408
70
586
39
43
107
2
33
14
1
8
3
6
7
1
20
2
10
328
69
611
35
34
105
6
23
9
2
3
3
4
14
6
17
4
14
382
55
688
29
46
139
8
11
692
32
43
141
5
36
15
4
6
10
9
II
30
fi
14
409
65
13
398
78
VA
1.50
4.00
2.00
/4
1.50
4.00
2.00
1.50
4.00
2.00
1.50
4.00
2. 00
1.50
4.00
2. 00
FAILURES
Commercial failures:
Grand total
number.
Commercial service, total
do___
Construction, total
do...
Manufacturing, total
do
Chemicals and drugs
do.__
Foods
do...
Forest products
do.__
Fuels
do..__
Iron and steel
do___
Leather and leather products
do_._
Machinery
do.._
Paper, printing, and publishing.._do~_
Stone, clay, and glass
do
Textiles
do...
Transportation equipment
do. __
Miscellaneous
do
Retail trade, total
do...
Wholesale trade, total
do-__
r
Kevised.
498
90
8
8
5
12
5
39
4
25
704
89
21
544
98
946
47
51 |
158 I
50
11
5
4
6
17
602 |
88 j
18 I
606 '
93 |
9
7
6
8
21
533
1 i
20 !
479
72 i
22
365
67
43
11
3
4
March 1937
33
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data, may be found in the
January January
1936 Supplement to the Survey
1936
February
March
April
May
June
July
October
August September
December
FINANCE—Continued
FAILURES—Continued
Commercial failures—Continued.
Liabilities:
Grand total
thous. of dol.
Commercial service, total
do
Construction, total
do...
Manufacturing, total—
do...
Chemicals and drugs
do
Foods
do___
Forest products
do___
Fuels..do-._
Iron and steel
do...
Leather and products
do.__
Machinery..
do
Paper, printing, and publishing-do
Stone, clay, and glass
do___
Textiles
do.._
Transportation equipment
do
Miscellaneous
do_._
Retail trade, total
do.__
Wholesale trade, total
do._.
8,661
326
1,015
2,502
81
575
188
18,104
1,867
2,435
5,834
184
1,588
925
339
139
65
148
27
674
6
260
3,746
1,072
95
403
61
102
265
1,779
72
360
6,245
1,723
835
11, 532
287
2,781
3, 631
27
1,273
254
122
96
28
386
582
221
371
107
164
3, 901
932
12, 288
478
1, 601
3,121
27
774
329
57
48
696
234
144
145
477
69
121
3,135
3,953
19,997
4,172
733
3,439
20,119
4,167
726
3,441
20. 239
4,158
720
3,438
20, 380
4,166
718
3,448
10,015
4,419
2,130
2,643
823
2,667
10,098
4,437
2,183
2,647
831
2,661
10, 227
4,534
2,230
2,640
823
2,653
10,346
4, 606
2,241
2, 645
854
2,047
10, 642
4, 789
2, 364
2,641
848
2,641
1,045
55
767
223
749, 491
79, 323
220, 672
449, 496
255, 954
32, 673
10, 047
51, 522
161,712
1,003
29
771
202
668, 638
39, 540
221, 692
407,406
235,996
26,182
9,054
58,685
142,075
952
30
725
198
630, 831
35, 601
208, 001
387, 229
225,486
25, 555
10,109
52,490
137,332
1,067
35
809
223
715, 261
40, 507
232, 465
442, 289
239, 313
27,101
9, 046
54,734
148,432
1,090
29
853
20S
709, 051
43,124
236, 846
429, 081
240,380
25, 592
9, 261
57, 440
448, 087
1,058
54
777
227
805, 077
80, 570
216, 363
508,144
300, 242
67, 687
11,892
100, 271
180, 392
533
224
58
62
189
513
208
57
63
185
452
175
56
57
164
426
168
49
56
153
491
201
52
62
176
478
1%
52
60
170
561
221
61
71
208
.331
.169
.086
.998
.051
4.97
.066
.403
.375
.079
.291
.676
.136
.256
.797
.334
.169
.086
.997
.051
5.02
.066
.403
.379
.079
.294
.677
.137
.259
.797
.335
.169
.085
.999
.051
5.02
.066
.403
.379
.079
.293
.681
.137
.259
.335
.169
.085
1.000
.052
5.03
.066
.402
.379
.079
.294
.679
.136
.259
.797
.336
.169
.086
1.000
.052
5.04
'.063
.401
.380
.079
.294
.667
.327
.168
.087
1.000
.052
4.90
.047
.402
.370
.055
.286
.536
.090
.253
.326
.169
.087
1.001
.052
4.89
. 046
.402
.369
.053
.286
.540
.088
.252
.800
.327
.169
.087
1.001
.052
4.91
.047
.402
.371
.053
.285
.546
.077
.253
.800
10,324
10,514
10,629
10,674
10, 764
10, 983
11,116
11, 202
-11,253
117
42
171, 866 218, 929
2, 956
127
75,962
57, 070
14,089
404
1,819
3,360
12
1,164
340
99
227
49
125
246
4
828
12
254
6,651
1,855
16, 271
650
4,484
4,371
21
707
248
1,546
90
51
218
322
146
568
47
407
5, 503
1,263
14,157
567
1,570
4,959
108
762
169
122
154
140
93
1,020
808
625
110
848
5,581
1,480
15, 375
494
4,816
2,709
90
389
264
94
124
108
128
374
4
406
517
211
5,933
1,423
9,177
638
1,050
2,541
95
509
394
78
162
244
228
147
7
356
8
313
3,535
1,413
9,904
1,314
1,873
2,347
51
329
62
84
586
128
129
112
94
373
83
316
3,197
1,173
8,271
502
1,498
1,852
225
340
209
35
112
33
205
176
12
253
101
151
3,255
1,164
9,819
557
1,148
3,212
148
487
377
45
190
208
403
258
5
848
27
216
3,391
1,511
8,266
501
573
3,469
423
1,391
378
43
796
3,553
19, 233
4,313
786
3,527
19,354
4,279
773
3,506
19,435
4,256
765
3,491
19,539
4,234
759
3,475
19, 640
4,220
752
3,468
19, 775
4,198
746
3,452
19,875
4,188
739
3,449
9,191
3,869
1,980
2,600
742
2,731
9,211
3,886
1,969
2,598
758
2,720
9,412
4,018
2,022
2,608
764
2,713
9,508
4,076
2,043
2, 629
760
2,705
9,639
4,170
2,049
2,651
770
2,699
9,795
4,293
2,060
2,657
786
2,690
4,352
2,105
2,635
816
2,676
893
25
670
197
670, 276
42, 051
195,405
432, 820
262. 037
35, 512
10, 000
57. 286
159, 239
948
30
703
'216
681, 451
40, 981
193,344
447,126
283, 709
51, 896
10,836
53, 805
167,172
995
24
769
'201
661, 945
30,498
212,055
419, 392
250,063
25,558
9,451
56, 245
158,809
* 1,147
32
890
771,311
56, 213
246, 011
469, 087
259, 941
30,781
9,790
58, 223
161,147
1,113
30
868
216
741, 366
37, 213
244,356
459,797
248,049
30, 487
10,679
47, 959
158,924
r1, 079
37
805
'237
768, 076
42,095
233,333
492, 648
251,841
27, 571
9,700
58,926
155,644
462
201
43
54
164
479
203
49
54
173
460
198
47
52
163
525
222
56
62
185
506
210
56
62
178
504
211
54
60
179
.331
.169
.084
.999
.051
4.96
.066
.404
.375
.083
.290
.682
.137
.256
.799
.333
.170
.084
1.001
.051
5.00
.067
.407
.377
.084
.291
.687
.138
.258
.803
.331
.170
.085
.998
.051
4.97
.066
.404
.375
.330
.169
.086
.995
.051
4.94
.066
.402
.373
.079
.289
.679
.137
.255
.798
10,158
10,163
10,172
10, 202
-1,745
338
45,981
- 9 , 506
23,637
7,002
969
2,315
7,795
-155
51
28,106
65
405
103
211
94
234
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total
mills, of dol.
Mortgage loans, total
do
Farm
do...
Other
do—
Bonds and stocks held (book value), total
mills, of doL__
Government
do
Public utility
do—
Railroad
do—
Other
do—
Policy loans and premium notes
do...
Insurance written:
Policies and certificates, total number
thousands.
Group
do
Industrial
do
Ordinary
do—
Value, total
thous. of doL
Group
do_._
Industrial
do...
Ordinary
do
Premium collections, total
~_do
Annuities
do...
Group
do
Industrial
do—
Ordinary
do...
19,139
4,349
••226
1,096
47
821
'228
749,138
59,130
230, 464
459, 544
250. 655
30,380
9, 365
55,009
155, 901
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total-mills .of doL
Eastern district
do.__
Far Western district
do
Southern district
do...
Western district
do.__
Lapse rates
1925-26=100.
MONETARY STATISTICS
Foreign exchange rates:
.327
Argentina
dol. per paper peso..169
Belgium
.
dol per belga..
.087
Brazil
dol. per milreis..
1.000
Canada
dol. per Canadian dol_.
.052
Chile
dol. per peso-4.91
England
dol. per £._
.047
France
_dol. per franc.
.402
Germany
dol. per reichsmark..371
India
dol. per rupee. .053
Italy
dol. per lira.-.
.285
Japan
dol. per y e n . .
.548
Netherlands
dol. per florin..
.071
Spain §
dol. per peseta._
.253
Sweden
dol. per krona..789
Uruguay
dol. per peso..
Gold:
Monetary stocks, U. S—_
mills, of dol.. 11, 310
Movement, foreign:
Net release from earmark 5—thous. of dol— —48, 330
11
Exports
do.—
121, 336
Imports
do
Net gold imports including gold released
from earmark •
thous. of dol.. 72,995
Production, Rand
fine
ounces.- 986. 268
193. 079
Receipts at mint, domestic
do
6, 400
Money in circulation, total
.mills, of doL.
Or increase in earmarked gold (—).
.684
.137
.256
-3,248 -24, 781
5
77
169,957 277, 851
2,293 -11,945
695
32
16, 074 67,524
M25
.260
.797
43, 898 -26,141
6,449 27,900 166, 704 252,993
17,672 55,547 143,019 207, 559 78,791
924,081 894,624 933,776 912, 639 938,050 944,165 967,993 964, 517 967, 328 977, 421 944,783
120, 712 125, 529 156, 435 163, 674 181,140 157,081 264,140 228,557 237, 630 273,318 220, 645
6,321
5,757
5,779
6,258
6,191
5,892
6,203
5,918
6,062
6,401
5,857
• Or exports ( - ) .
' Revised.
§ No quotation from Nov. 1 to 13,1936.
56,303
970,030
196, 248
6,563
34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
FINANCE—Continued
MONETARY STATISTICS-Continued
Silver.
Exports
thous. of dol__
Imports
do
Price at New York..
_dol per fine oz__
Production, world
_thous. offineoz._
Canada
do
Mexico
do
United States,..
do
Stocks refinery, end of month:
United States
do
Canada
do
612
2,846
.449
.473
19, 501
1,244
6,862
4,374
253
141
17, 536
.448
20, 652
1,414
7,159
5,056
237
8,115
.448
21, 259
1,845
6,840
5,329
535
4,490
.449
19, 497
1,499
5,783
5,046
203
4,989
.449
19, 772
1,276
6,710
4,754
197
23,981
.448
21, 374
1,450
7,157
5,293
138
6,574
.448
20,008
1,662
6,457
4,616
143
16, 637
.448
21, 524
1,543
7,854
4,733
1,109
570
1,873
730
1,757
755
1,834
638
1,316
691
1,151
409
1,101
345
1,535
317
204
268
8,363 26,931
.448
.448
21, 866 r 21, 624
1,726
2,083
7,078
5,417
5,524
6,391
779
545
1,247
510
411
451
454
350
357
400
561
~6~165
403
1,050
1,023
236
2,267
.454
1,619
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (168 cos.)
mills, of dol
Autos, parts, and accessories (28 cos.) . d o . .
Chemicals (13 cos.)...
do._
Food products and beverages (19 cos.).do
Machinery and machine manufactures
(17 cos.)
...mills, of dol..
Metals and mining (12 cos.)
do
Oil (13 cos.)
do....
Steel (11 cos.)
do
Miscellaneous (55 cos).
do—
Railways, class I (net income) If
do
Telephones (net op. income) •
do
Other public utilities (net income) (53 cos.)
mills, of doL.
Standard Statistics Co., Inc. t
Combined index, unadjusted (161 cos.)
1926=100..
Industrials (120 cos.)
do
Railroads (26 cos.)
do
Utilities (15 cos.)
do
Combined index, adjusted (161 cos.)__.do
Industrials (120 cos.)
do
Railroads (26 cos.)
do
Utilities (15 cos.)
do
170.9
73.0
32.0
16.1
269.2
123.7
41.4
20.1
216.9
54.7
42.6
24.3
8.2
3.7
.1
7.3
21.5
10.9
3.0
15.
25.3
29.2
4,2
57.3
10.8
3.5
18.4
28.5
34.1
66.5
56.4
54.2
50.5
d
61.2
71.2
10.5
110.4
68.3
76.7
15.8
102.6
*>47.
89.3
109.1
10.9
106.
84.2
97.9
19.5
108.8
126.0
M4.4
79.8
90.3
27.1
103.3
74.4
84.1
'5.4
117.2
101.1
109.1
51.2
131.9
104.5
121.0
38.0
123.5
PUBLIC FINANCE (FEDERAL)
33, 779 33,444
Debt, gross, end of month
mills, of dol__ 34,502 30, 516 30, 520 31, 459 31, 425 31,636
33, 380
Obligations fully guaranteed by the U. S.
Government:
Amount outstanding by agencies, total
4,668
4,562
4,630
4,654
4,703
4,718
4,676
4,719
mills, of doL. 4,687
1,422
1,422
1,422
1.407
1,422
1,399
Federal Farm Mortgage Corporation do
1,407
1,411
1,422
2,994
3,044
3,045
3,029
2,911
2, 970
3,013
Home Owners' Loan Corporation __ .do
2,995
3,013
252
252
252
252
252
253
253
Reconstruction Finance Corporation-do
252
252
Expenditures, total (incl. emergency)
thous. of dol__ 607,418 487, 274 517,044 643, 098 681, 507 590, 006 2,406,077 457, 656 657, 703
Revenues, total
...
do_
320, 033 279, 556 250,705 779,521 258, 759 274.415 564,167 322, 726 366,426
Customs
do
40,518 33,599 33, 087 35. 342 32, 226 30, 268 32,122 31,580 34, 763
Internal revenue, total
do
207,483 183, 765 185, 001 691,051 202, 780 182,110 478. 229 288,327 254, 026
29, 656
Income tax
do
45, 246 36. 061 43, 610 404,209 35,127 34, 517 303. 087 40,118
Taxes from:
1,384
1,532
1,319
1, 568
1,460
1,405
1,255
1,266
Admissions to theaters, etc
do
1,506
2,346
2,357
1,565
1, 654
2,871
4,033
2,992
3,911
Capital stock transfers, etc
do
3,367
511
230
185
238
202
174
283
165
Sales of produce (future delivery).do
423
221
496
601
423
596
424
321
Sales of radio sets, etc
do
336
684
Reconstruction Finance Corporation loans outstanding: end of month:
Grand total
thous. of doL. 2,174,006 2,741,437 2,705,734 2,649,851 2,632,263 2,507,293 2,421,604 2,226,026 2,215,165
Section 5 as amended, total
do
699, 545 928, 583 905, 253 852,120 846, 269 836, 510 818, 426 769, 261 763, 294
Bank and trust companies including receivers
thous. of doL. 191, 524 354,801 335,672 285, 504 276,109 267, 001 258,287 246,523 236,860
3, 653
6,699
4,919
4,026
3,814
6,028
5,557
5,194
Building and loan associations
do.
2,369
4,890
5,115
6,060
5,180
4, 972
5,852
5,207
Insurance companies.
do.
5,747
4,015
Mortgage loan companies
do_
130,345 126, 652 125,346 124, 547 125,124 126, 534 123,175 124,864 129, 632
Railroads incl. receivers
do
345, 502 393, 712 390,199 389, 239 394,168 393, 027 388,432 350,841 350, 948
All other under section 5
do
41, 643 40, 572 39,974
39, 391 38, 247 37,311
25, 790 40, 660 42,156
Total Emergency Relief Construction Act,
as amended
thous. of dol_. 630, 045 769, 321 771, 248 775, 237 760, 567 648, 518 628, 682 564, 487 570, 670
Self-liquidating projects
d o . - . 198, 339 153, 667 155, 321 159,670 163, 597 172, 538 168,489 174,249 180,045
Financing of exports of agricultural surpluses
thous. of dol..
47
14,027
47
47
47
14, 027 13, 584
47
47
Financing of agricultural commodities
and livestock
. . . .thous. of doL. 136, 305 305,001 305,276 305,546 300, 487 179,517 163, 732 93, 777 94,355
Amounts made available for relief and
work relief
thous. of doL 295,354 296,626 296,625 296, 436 296, 436 296,416 296, 414 296, 414 296,223
Total, Bank Conservation Act, as amended
thous. of dol. 663,171 904, 685 887, 636 877,327 877, 035 872,194 821, 704 722,910 706,395
Other loans and authorizations do... 181, 245 138, 848 141, 598 145,167 148, 392 150, 071 152, 792 169, 368 174, 806
d
• Number varies.
Deficit.
*> Preliminary.
Figures shown on p. 54 of the 1936 Supplement are in thousands of dollars instead of in millions aa the box head indicates.
33,833
33, 833
33,794
34, 407
4,667
1,422
2,993
252
4,682
1,422
3,008
252
4,667
1,422
2,993
252
4, 669
1, 422
2,995
251
712, 560 739,979
528,129 301, 968
35, 554 41,342
467, 642 199,248
284, 421 31,634
591,016
259,963
35,452
176, 526
28,034
684, 821
552, 607
38,698
478, 633
281,178
1,606
2, 954
271
640
2,195
3,178
325
906
1,670
1,932
457
683
1,797
2,182
309
869
2,205,564 2,201,209 2,181,322 2,168,160
748, 411 739, 643 718, 680 712,982
226, 451 218,889 208,669
3.378
2,902
2,714
4,429
4,284
4,147
129,108 128,368 127,439
349,261 353, 810 345,190
35, 784 31, 390 30, 521
201,432
2,483
4,030
131,181
345, 980
27, 876
577, 607 584, 069 587, 863
184,418 189,068 192,516
588, 997
193,252
47
47
47
97,147
99,195
99,643
100, 043
295,995
295,759
295, 657
295,655
684, 046
702,151 695,987 691,987
177, 395 181,510 182, 792 182,135
•• Revised,
t Latest quarter estimated.
35
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
1936
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
FINANCE—Continued
CAPITAL FLOTATIONS
New Security Registration
New securities effectively registered with the
Securities and Exchange Commission:
Issues, total
number..
Common stock
do
Preferred stock
do
Certificates of participation, etc
do
Secured bonds
do
Debentures and short-term notes
do
Estimated gross proceeds, total
thous. of doL.
Common stock
do
Preferred stock
__do
Certificates of participation, etc
do
Secured bonds
do
Debentures and short-term notes
do
20
4
8
11
5
275, 696
27, 278
3,125
11, 027
214, 916
19, 350
56
24
12
8
7
5
212,089 583, 391
27,113
81, 519
31,464
28, 793
13, 708
7,442
98, 679 334, 716
41,125 130, 921
128
59
22
17
21
83
46
15
13
5
4
751, 013
168,638
53, 973
35, 373
379, 436
113, 593
319, 319
88,913
31, 506
13,713
79,118
106, 069
110
47
14
27
14
79
46
16
6
7
4
79
40
16
11
9
3
114
59
23
10
14
8
67
32
11
10
11
3
124
53
27
9
21
14
523,439 362, 925
120, 487 84, 066
77, 317
15,131
1,300
32,898
159, 700 170,987
165,636
59,843
286, 022
92, 750
35, 728
4,660
45, 634
107,250
260, 080
76,140
29,271
17, 212
127,918
9,539
526, 330
112, 777
55, 643
29, 245
104, 752
223, 913
266,026
47, 421
30, 201
7,192
159,036
22,176
698, 408
167,126
34, 531
39, 548
234,635
222, 567
733,907 338,779
733,907 338,779
527, 630 294,393
199,653
49,050
0
7,125
1,903
1,000
0
0
0
0
0
0
185,336 149,804
106, 795
49, 690
33,943
37,724
94, 429
2,080
111,848 ' 42, 306
0
0
•297,258
•297,258
232,438
16,001
0
973
0
0
0
43,473
51, 500
120,492
7,800
' 57, 020
0
•409,462
•409,462
250,050
88,142
0
4,500
0
0
0
121,050
24,475
11,983
0
159,412
0
465,771 r 380, 934
450, 771 r 357, 434
381,402 ••264,004
64, 462
91, 368
0
0
6,320
100
0
0
0
0
0
0
264,288 r 109, 337
9,150
16, 379
37,182
46, 820
1,000
28, 454
r
83, 194 »• 64, 816
15, 000
23, 500
724, 220
724, 220
625, 912
88, 875
1,000
3,249
0
0
0
395, 594
49, 236
87, 958
2,660
95, 648
0
219, 686
219,686
151, 874
1,000
»• 66, 812
0
514,220
375, 756
103,164 218,074
103,164 218,074
69,809 170,799
0
0
133,355 r 47, 275
0
0
235,614 * 79,184
224, 583
61, 639
179,487
179,487
74,590
0
104,895
0
229,975
175,460
174,512 r 158, 071
189.512 r 158,071
109,885 109, 077
0
0
r
79, 452 r 48, 833
15, 000
0
276, 2K8 r222,863
271, 517 129, 927
305, 580 265,993
261,194 201,173
31, 265
33,199
364, 037
204, 62S
45, 425
393, 683 -358,696
309,314 '241,766
72, 088 r 22, 238
592, 927
494,619
131, 294
67, 447 ' 159,481 «• 82, 311 ••75,144
18, 201
51, 748
8,389
26, 627
••92,998
'89,120
104
40
19
16
14
15
Securities Issued
(Commercial and Financial Chronicle)
Amount, all issues
thous. of dol..
Domestic < ssues
do
Corporate, total
do
Industrial
do
Investment trusts
do
Land, buildings, etc., total
do
Long term issues
do
Apartments and hotels
do
Office and commercial ._
_do
Public utilities
do
Railroads
do
Miscellaneous
do
Farm loan and Gov't agencies
do__,.
Municipal. States, etc
do .
Foreign issues
___do
Purpose of issue:
New capital, total
do
Domestic, total
do
Corporate
do
Farm loan and Gov't agencies
do
Municipal, State, etc
do
Foreign
do
Refunding, total. _
_
do___
Corporate
do
Type of securities (all issues):
Bonds and notes, total
do
Corporate
do
Stocks
do
622,486
537,486
305,973
132, 641
250
881
881
0
0
77, 735
63, 336
31,130
26,000
205, 516
85,000
411,631 •302,859
355,631 •302,859
273,907 194,613
150, 589
37,501
0
0
250
5,250
0
0
0
0
0
0
28,550 135,450
94, 519
0
0
16, 413
200
10,200
'89,524 r 98,045
56,000
0
248, 526
248, 526
102,456
0
146, 070
0
373,960
203, 517
124,004
116,004
72,935
0
r 51,069
8,000
281, 627
200,973
475, 509
305, 973
146, 977
407,442 •281,696
273,907 173,450
4,189
21,163
767,421 1,002,703 •419,917
743,921 941,203 419,917
594,853 687, 751 304,993
101,833 236,693 133,822
0
0
4,800
0
0
148
0
0
0
0
0
0
0
0
0
260,779 315,587 116,096
223,391 122,197
48, 727
8,850
13,273
1,400
20,000 198,718
9,671
129,068 * 84, 734 • 105, 253
23,500 r 61, 500
0
107,030 129,543
107,030 129,543
13, 473 58.816
11.000
4,000
• 89, 558 r 59, 727
0
0
• 195,828 637,877
181,141 536,037
176, 679 112,587
• 17(3, 679 112,587
127, 879
37,608
0
5,900
' 48, 800 r 69,080
0
0
826,024 307,330
559,872 267,385
743, 929 938,205
594,853 623, 252
' 23,492 64,498
380,049
265,125
39, 868
654,721
448, 444
79,186
' 265, 850
<• 265, 850
218, 206
0
' 48, 994
0
'458,371
407, 707
(Bond Buyer)
State and municipal issues:
Permanent (long term)
Temporary (short term)
thous. of doL. 220, 407 93, 726
do
28, 522 118,586
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
thous. of bu.. 777, 857 448,466
Corn
do
53,744
199,166
94, 561
22,800
120,085
37, 219
111,974
74,814
••96,577
10, 700
118,092
91,889
321, 637
45,297
466,193
52,161
800,684
92,053
591, 079
80, 460
768,278 1,328,691 1,032,278
148,124 415,816 395,058
43,934
22, 746
662,183
213, 787
514,893
113, 037
518,782 1,164,158
230, 599
258,319
SECURITY MARKETS
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
dollarsDomestic
__.do__.
Foreign
do
Domestic (Dow-Jones) (40 bonds)
percent of par 4% bondIndustrials (10 bonds)...
.do...
Public utilities (10 bonds)
do
Rails, high grade (10 bonds)
do.__
Rails, second grade (10 bonds) . do
Domestic (Stand. Stat.)
Corporate (45 bonds)
dollarsMunicipal (15 bonds)
_do
U. S. Government (Stand. Stat.):
7 bonds
do...
Sales (Securities and Exchange Commission):
Total on all exchanges:
Market value
__thous. of dol.
Par value
do
On New York Stock Exchange:
Market value
thous. of dol..
Par value
do..
Sales on N. Y. S. E., exclusive of stopped sales
(Dow-Jones):
Par value:
Total
thous. of dol..
Liberty and Treasury bonds
do
T
Revised.
96. 83
100. 05
69.78
93.59
96.16
80.87
94.44
97.22
80.32
94.47
97.26
79.76
93.90
96.69
79.21
93.83
97.38
67.47
94.24
97.63
67.87
94.78
98.19
68.39
95.39
98.81
68.68
95.79
99.27
68.00
95.92
99.41
68.16
97.01
110.55
68.63
97.35
100. 76
69.10
102.91
107. 50
101.32
131. 28
82.75
92.72
102. 88
97.94
120. 77
66.96
96.41
103. 57
99.13
123. 69
73.18
96.50
101. 76
97.51
126. 34
74.32
94.97
101. 39
98.14
126. 22
70.70
94.88
101. 09
98.14
126.90
70.43
96.11
102.09
98.69
127.15
72.31
97.35
103. 68
126. 58
74.45
99.38
104. 06
100. 88
126.98
77.78
101.19
105.18
101. 55
128. 37
80.74
102. 59
105. 62
102. 22
129.49
83. 21
102. 70
106. 78
102. 17
130.68
82. 34
103.04
107.41
101.68
132.32
82. 51
105.8
123.5
102.7
113.2
104.3
114.4
104.4
116.0
103.7
116.2
102.7
116.2
102.6
116.9
102.4
117.4
103.0
117.8
104.3
118.8
104.9
119. 5
105. 4
122.1
105.4
124.8
111.6
108.8
109.3
110.0
110.2
110.3
110.4
110.3
110.8
111.1
111.0
11.8
309, 610
428, 025
443, 264
622, 546
395, 266
511,121
336, 206
410, 410
251,878
301, 433
283, 772 292, 443
249, 620 332, 383 350, 594
221,368
275, 306
287, 861
378, 520
329, 488
420, 739
293,709
353, 380
317, 484
446, 393
255, 434 338, 695 305, 052
365, 694 492, 214 402, 610
261, 553
323, 695
197, 277
236, 792
163, 983 231, 088
197, 217 271,044
238, 071
287, 510
179, 534
225, 927
240,020
322,466
274, 094
353,830
246, 072
297, 521
261, 214
379, 805
175,145 2,275,275
10,000 1,809,000
774, 052
180, 000
231, 827 2,586,314
0 2,135,000
291,650
0
224,923 1,087,961
0 914, 000
396,197
0
197,835
0
521, 209
0
476,137
33,118
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in
January January
the 1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
FINANCE—Continued
SECURITY MAHKETS-Continued
Bonds—Continued
Value, issues listed on N. Y. S. E.:
Par, all issues
mills, of dol__
Domestic issues
do
Foreign issues
do
Market value, all issues
do
Domestic issues
do
Foreign issues
do
YieldsStandard statistics:
Corporate issues (45 bonds)
percent..
Industrials (15 bonds).
do
Public utilities (15 bonds)
do
Railroads (15 bonds)
do
Municipals (15 bonds)
do
Bond Buyer domestic municipals (20 bonds)
percent..
U. S. Treasury bonds.do
46, 592
41,630
4,961
45,113
41, 651
3,462
43,113
35, 851
7,263
40, 348
34, 475
5,873
43.015
35,934
7,082
40, 625
34,936
5,688
44,255
37,196
7,059
41,807
36,177
5,630
44, 223
37,150
7,073
41, 525
35, 922
5,603
42, 255
37, 242
5,013
39,648
36,266
3,382
44,164
39,128
5,036
41,619
38, 201
3,418
43,981
38, 947
5,034
41,685
38, 242
3,443
44,279
39, 241
5,038
42, 236
38, 776
3,460
45,211
40,178
5,033
43,305
39, 883
3,422
45,018
39,988
5,031
43,180
39,751
3,429
45,026
40, 038
4,988
43, 680
40, 257
3,423
46, 280
41,301
4,979
45, 054
41,613
3,441
4.16
4.29
4.02
4.17
2.38
4.34
4.29
4.09
4.63
2.93
4.25
4.27
4.04
4.43
2.86
4.24
4.32
4.01
4.37
2.78
4.28
4.38
4.00
4.45
2.76
4.34
4.45
4.04
4.52
2.76
4.34
4.44
4.03
4.56
2.72
4.35
4.45
4.02
4.58
2.70
4.32
4.42
4.02
4.52
2.68
4.24
4.40
4.00
4.33
2.62
4.21
4.40
4.01
4.24
2.58
4.18
4.33
4.00
4.22
2.45
4.18
4.30
4.00
4.24
2.31
2.29
2.74
3.11
2.68
3.04
2.62
3.03
2.54
3.12
2.51
3.00
2.50
2.99
2.50
2.95
2.50
2.91
2.43
2.86
2.41
2.85
2.42
2.69
2.29
2.62
2.27
Cash Dividend Payments and Bates
Dividend payments (N. Y. Times):
Total
thous. of doL. 233,330 228, 328 273, 649 200, 042 162,174 409, 552 263,830 236,196 331,918 231, 730 233,697 880,262
212, 837 184, 035 259,487 192, 324 155, 519 375, 035 237, 655 215, 003 317, 088 226, 642 226, 269 814,406
Industrials and misc
do
14,162
34, 517
21,193
14,830
5,088
20, 493
44, 293
7,718
6,655
26,175
65, 856
Railroads
do
7,428
Dividend payments and rates (Moody's):
Annual payments at current rates (600 companies)
mills, of dol. 1, 884. 0 1,311.5 1, 337. 2 1, 345. 5 1, 355. 8 1, 385. 2 1, 397. 4 L, 457. 2 1, 517. 4 1, 539. 6 1, 568. 2 1, 825. 6
923. 99
Number of shares, adjusted
millions.. 923. 50 923.92 923.92 923. 92 923. 92 923.92 923. 92 923. 94 923. 94 923. 99 923.99
Dividend rate per share (weighted average)
2.04
1.45
1.47
1.98
1.42
1.58
1.64
1.67
1.46
1.50
1.51
1.70
(600 cos.)
dollars3.07
2.98
2.98
3.04
3.00
3.04
2.98
2.98
3.00
3.00
3.04
2.98
Banks (21)
do._.
1.32
1.34
1.96
2.02
1.56
1.58
1.33
1.38
1.41
1.62
1.28
1.48
Industrials (492 cos.)
do...
2.39
2.39
2.14
2.09
2.13
2.25
2.39
2.39
2.03
2.14
2.39
2.09
Insurance (21 cos.)
do...
1.86
1.86
2.04
1.96
1.99
1.86
1.86
1.86
2.01
2.09
1.86
1.95
Public utilities (30 cos.)
do__.
1.21
1.21
1.55
1.21
1.21
1.21
1.21
1.21
1.21
1.21
1,77
1.21
Railroads (36 cos.)
do._.
437,541
407, 957
29, 584
1,876. 2
923. 50
2.03
3.07
2.01
2.21
2.09
1.77
Stocks
Prices:
Dow-Jones:
183.5
155.8
149.3
155.2
162.3
165.9 ! 167.8
182.1
151.8
155.9
175. 0
180.1
145.9
Industrials (30 stocks)
dol. pershare..
36.4
34.5
34.9
32.5
31.7
34.6
34.7
34.9
30.9
30.9
30.0
35.1
32.3
Public utilities (20 stocks)
do
56.7
48.5
47.2
51.5
55.8
55.1
48.0
44.5
54.0
58.7
43.3
*53.9
47.0
Railroads (20 stocks)
do.
141.46
121. 63
130. 74
131. 55
133.48
139.48
120. 95
119.46
136. 46
116.06
120. 00
138. 39
124. 28
New York Times (50 stocks)
do.
238. 88
221.15
222. 54
235. 41
206.14
203. 36
220. 56
231.11
197. 67
201.17
203. 97
230.40
211.69
Industrials (25 stocks)
do.
44.04
44.42
43.56
37.12
35.57
42.55
34.46
38.84
37.94
40.33
41.81
46.38
Railroads (25 stocks)
do
36.88
Standard Statistics:
114.1
124.2
126.4
109.2
106.1
101.0
105. 6
113.0
123.1
108.7
108.9
118.7
100. 1
Combined index (419 stocks)__. 1926=100-.
130.2
144.3
146. 8
120.9
116.2
120.6
124.3
128.4
143.0
124.6
125.3
136.0
114.5
Industrials (347 stocks)
do.
107.7
102.8
94.7
102.0
108.8
108.9
110.6
113.8
102.8
101.5
105.8
109.1
97.0
Public utilities (40 stocks)
do
55.4
49. 1
45.0
47.7
53.9
54.4
49.2
58.4
57.9
55.9
43.8
48.9
50.7
Railroads (32 stocks)
do.
75.1
65.8
62.6
65.0
76.5
70.6
66. 4
75.3
70.5
64. 1
70.4
78.9
72.1
Banks N. Y. (19 stocks)
do.
94.1
106.8
94.2
95.2
96.5
98.3
102.1
93.8
107.5
96.8
96.1
98.7
96.1
Fire insurance (18 stocks)
do
Sales:
Market value of shares sold (S. E. C ) :
On all registered exchanges, total t
thous. ofdol.. 2,662,976 2,439,219 2,503,129 2,429,960 1,936,202 1,223,444 1,164,147 1,765,391 1,435,776 1,594,411 2,241,462 2,530,464 2,358, 956
2,246,798 2,069,564 2,140,084 2,092,308 1,679,839 1,077,672 1,002,190 1,526,176 1,248,924 1,387,439 1,948,171 2,188,579 2,025, 678
On New York Stock Exchange
do
Number of shares sold:
On all registered exchanges, total (S. E. C.)
99,756
thous. of shares__ 117,177 119, 592 120, 963 101, 923 • 78,137 • 46, 756 43, 937 64, 728 50, 937 59, 627 79,992 94, 299
44, 535
60, 019
71,123
68, 306
On N. Y. S. E., total (S. E. C.)
do.... 81, 768 87, 502 85, 305 75, 532 56, 935 35, 943 31,897 48, 272 37,109
Exclusive of odd lot and stopped sales
30,872
50,470
34, 787
26,564
43,998
48,605
20, 615
39, 616
21, 428
51, 025
(N. Y. Times)
thous. of shares_. 58, 676 67, 211 60,871
Shares listed, N. Y. S. E.:
55,105
54,532
60, 020
58, 507
59,878
50,912
47, 774
49,998
54, 067
50,165
50, 202
51, 668
Market value all listed shares-_mills. ofdol-. 61,912
1,356
1,344
1,348
1,349
1,341
1,360
1,337
1,339
1,367
1,321
1,323
1,340
1,330
Number of shares listed
millionsYields:
3.4
3.9
3.5
3.4
3.5
4.0
3.6
3.5
3.4
3.9
3.3
3.3
3.3
Common stocks (200)*
percent..
3.5
3.3
3.9
3.2
3.4
4.0
3.3
3.3
3.0
3.3
3.8
3.0
3.0
Industrials (125 stocks)*
do.
2.4
2.2
3.0
3.5
3.0
2.8
2.5
2.4
2.7
2.8
2.8
2.8
3.5
Rails (25 stocks)*
do.
4.6
4.4
4.4
4.6
4.9
4.5
4.4
4.4
4.4
4.4
4.5
4.5
4.6
Utilities (25 stocks)*
do.
3.3
3.4
4.0
3.9
3.4
3.4
3.7
3.5
3.7
3.3
3.2
3.6
3.1
Banks (15 stocks)*
do.
3.1
3.0
4.1
3.9
3.5
3.0
2.8
3.4
3.7
2.9
3.0
3.0
3.1
Insurance (10 stocks)*
do.
Preferred stocks, Standard Statistics:
5.04
5.02
5.06
5.03
5.06
5.04
5.03
5.04
5.05
5.02
5.10
Industrials, high grade (20)
do.
Stockholders (Common Stock)
American Tel. & Tel. Co., total
Foreign . . . .
Pennsylvania Railroad Co., total
Foreign
U. S. Steel Corporation, total._.
Foreign
...
Shares held b y brokers
number...do...
do
do...
...do
do...
percent of total.
653,435
7,859
225, 120
3,101
181, 493
3,870
21.75
649,876
7,804
223,844
3,087
177. 758
3,941
22.72
• New series. For back figures and a description of the series on yields of 200 common stocks, see p. 18 of the Sept., 1936 issue.
+ Figures were incorrectly reported previously for period July-November 1936.
' Revised.
645,457
7,540
221, 327
3,076
173,633
3,866
23.51
641,168
7,382
218, 720
3,055
170,448
3,781
23.92
37
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
1936
February
March
April
June
May
July
August
Septem- October November
ber
December
FOREIGN TRADE
INDEXES
Exports:
Total value, unadjusted
_.1923-25= 100._
Total value, adjusted
do
U. S. merchandise, unadjusted:
Quantity
do
Value
do
Unit value
do
Imports:
Total value, unadjusted
do
Total value, adjusted
do
Imports for consumption, unadjusted:
Quantity
1923-25=100Value
do
Unit value
do
Exports of agricultural products, quantity:
Total:
Unadjusted
1910-14=100..
Adjusted..
do
Total, excluding cotton:
Unadjusted..
—do
Adjusted
do
VALUE
Exports, inel. reexports.thous. of dol—
By grand divisions and countries:
Africa
do
Asia and Oceania
do
Japan
do
Europe..
do
France
do
Germany
do
Italy
do
United Kingdom.
do
North America, northern
do
Canada
do
North America, southern
do
Mexico
do
South America—..
do
Argentina
do
Brazil
do
Chile
. . d o By economic classes (U. S. mdse. only):
Total
thous. of dol..
Crude materials
do
Cotton, unmanufactured
do
Foodstuffs, total
do
Foodstuffs, crude
do.
Foodstuffs, mfgd
do.
Fruits and prep
do
Meats and fats
do.
Wheat and
flour
do.
Manufactures, semi...
do
Manufactures, finished
do.
Autos and parts
do.
Gasoline
do.
Machinery.
.do.
General imports, total
do
By grand divisions and countries:
Africa
do—
Asia and Oceania
—
do—
Japan
do
Europe
- do—
France
do
Germany
do—
Italy
do
United Kingdom
do
North America, northern
do
Canada..
do
North America, southern
do
Mexico. _
do
South America
do—
Argentina.
_
do
Brazil
—do
Chile
do.._.
By economic classes (imports for consumption):
Total
do—.
Crude materials
do
Foodstuffs, crude
do
Foodstuffs, manufactured
do.
Manufactures, semi
do.
Manufactures,
finished
do
52
51
53
51
51
53
56
49
55
47
51
80
52
65
73
48
66
79
52
65
83
53
64
74
48
66
71
47
66
58
57
60
60
58
59
58
59
62
60
65
113
58
52
113
59
53
62
55
115
61
53
116
63
54
110
59
54
114
61
53
115
62
54
70
57
59
52
61
57
58
104
70
68
89
60
67
89
61
68
60
62
67
70
66
64
61
61
76
117
63
54
124
68
55
123
67
54
114
63
55
135
75
56
63
74
66
52
40
221,550
217,949
60, 587
37, 461
13, 062
3,598
9,464
4,263
2,980
1,894
34,156
110, 144
27, 586
5,882
31, 532
240,396
37
35
197,958
181,838
194,792
192,629
200,666
7,700
40,290
18,753
91,669
11,666
7,136
5,420
37,863
27,390
26, 990
16,693
5,642
14,217
3,784
3,950
1,193
8,307
32,553
13, 251
83, 697
9,794
8,803
7,571
32,304
25, 638
25, 275
16, 281
5,277
15,361
4,154
4,214
1,254
10, 553
38.332
16,401
82,932
8,388
9,489
5,891
32, 012
27,945
27,356
19, 593
6,395
15,438
3,876
4,109
1,274
9,215
39,337
16, 211
78, 247
9,311
7,787
4,827
27, 954
32.128
31, 557
17,902
5,932
15.801
4,031
3,704
1,562
9,326
38,902
14,680
78,097
7,301
7,240
5,697
30, 450
37,500
36,693
18,535
6,243
18,306
4,507
4,475
1,676
195,085
59, 770
35,665
15, 863
4,349
11, 514
6,339
3,297
1,250
28, 621
90, 831
22,083
5,104
25, 545
187,440
4,326
60, 377
179,828
178,314
38, 766
13,627
69,400
8,893
6,541
4,299
27,066
35, 498
34,875
16, 789
5,800
15, 828
4,662
3,757
982
10,562
35, 725
11. 975
64,462
6,448
7,041
2,873
27, 381
32,016
31, 296
17,819
6,830
19, 243
5,957
3,560
1,540
8,828
33, 570
10, 764
69,978
8,484
6,840
2,285
33, 223
32,251
31,516
18, 528
6,348
15,159
4,124
3,557
1,071
220,149
264, 740 225, 766
9,451
10,919
43,654
51,065
21,328
26, 663
98,937 122, 697
14.929
17,102
10, 213 10,905
5,699
2,868
47,498 59,511
32,142 39,180
31, 498 38, 442
19, 370 21,456
6,381
6,670
16, 596 19,423
5,296
4,S46
5,032
3,516
1,272
1,051
229, 739
8,208
44,200
24,100
98,236
11,410
9,550
5,401
43,839
36.539
35, 905
19,771
6, 799
18,812
5,320
4,867
1,288
12,651
41,180
16,433
99,863
15,808
8,995
5,907
40,623
33,137
32, 556
22,616
7,723
20, 291
6,317
4,237
1,579
179,195 192,081 189,408 196,913 180,601 176, 397 175, 556 217, 535 261,963 223,321
50,054 44, 486 40, 431 42, 627 39, 310 30, 379 38,127
72, 819 100,418 82,173
26, 647 26, 322 22,764 22,905
19, 707 10. 788 12,360 38, 221 58,402 46,969
16, 848 14, 199 15, 925 14, 509 15,036
14,763
19, 675 23, 349 24,923
13.697
4,020
5,087
4,949
4,621
3,774
4,402
5,725
4,369
5,697
7,490
9,250 11,304 10,107
10, 743 11, 761
11, 262 13,950
9,328
17, 652 17,433
6,756
6,277
5,475
4,144
4,952
5, 258
4,579
8,719
10, 438 11,831
3,496
3,340
3,982
4,088
2,853
4,231
3,560
3,135
3,013
3,409
1,439
1,335
1,215
1.391
1,464
1,429
1,281
1,656
2,424
2,541
28, 319 32, 096 33.802 35,115 34, 107 33, 282 32, 287 31,860
36, 668 32,826
86, 059 98, 652 100,976 103, 245 92, 674 97, 701 85. 467 89, 508 99,953 94,626
22,143
23, 955 22, 972 22, 532 19, 135 16, 915 12,359
12, 451 15, 766 21, 218
3, 265
5,307
3,619
5,059
5,570
4,366
5,036
4,983
4,354
5,495
24, 569 27, 872 30. 651 29, 611 25, 962 29, 311 25, 178 27, 307 31,760 26,408
192, 776 198, 686 202, 789 191,110 190,387 194,114 192, 375 215, 645 212,464 196,491
226, 605
67,383
40, 220
13,112
3,644
9,468
3,776
3,325
1,931
34,901
111,208
28,769
3,993
30, 788
244, 321
4,794
58,953
14,531
53, 349
4,343
5,770
2,853
16,436
22, 944
22,860
24, 738
4,539
27, 997
5,077
10, 766
3,812
5,504
59, 766
12,670
55, 789
5,385
6,490
2,812
16,949
26, 675
26, 309
24, 828
5,240
26, 125
5,700
9,469
2,448
6,468
66, 479
13,141
50, 408
4,357
5,687
2,708
14, 299
27.129
26,921
27, 209
5,090
25, 095
5,564
7,186
3,555
2,425
60, 236
11,088
53,543
4,163
5,866
2,904
14,540
29, 917
29,409
24, 214
4,052
20, 052
3,060
6,950
1,508
2,803
66,099
12,187
55,049
4,657
7,570
2,861
14, 305
30, 990
30,594
19,149
4,044
20, 024
3,597
7,241
1,433
3,164
60, 845
16,948
57,089
5,759
6,023
2,480
15,444
36, 620
36,161
12, 515
3,258
22,141
4,173
7,682
1.667
3,581
61,189
15,930
70, 722
6,807
8,767
4,756
18, 548
39, 068
38,532
13,166
3,691
24, 739
7,585
8,758
1,601
3,800
53.698
15, 340
64,695
6,165
6,567
4,416
16,625
38, 775
38,331
12,377
3,435
23,146
7,583
8,466
6,284
66,805
16,427
80,890
7,137
7,616
4,812
26,443
39,550
39,010
17, 607
4,640
33,184
8,181
11,462
2,520
186,351 189. 589 194,281 199, 787 188, 42] 193. 622 196. 516 200.090 218,370 213, 209 200,391
58,412 58,613
57,749 62,076
55,071
54, 612 56.022
31.663
69, 437 62, 758 61,226
26, 543 28,745
31, 221 28, 690 21, 759 22.893
24, 529 28. 627 31.063
33,802 30, 582
28,733
31, 547 32, 338 37,035 34.080
36. 065 34, 726 27,630
33, 149 27,512 27,705
39, 699 40, 060 36,127
37, 577 38, 456 43,056
42, 660 40.814
40,817 40,536
40,638
32,964
30,625
36,847 34,409 39,056
36, 996 38,579
41, 356 43. 904 48, 601 40, 241
239,835
75, 383
40, 221
33.036
48,967
42, 228
15, 383
55, 201
5,807
5,967
3,170
14, 617
23,509
22, 934
19,955
3,817
24,073
4,940
1,8
228, 682
77,045
38, 727
29, 648
46, 533
36, 729
184,908
4,250
58,263
12, 053
54,665
4,888
6,036
3,375
14, 770
30,100
29, 749
24,190
4,087
19, 641
3,821
5,923
2,896
3,585
67, 733
16,017
66, 291
5,905
7,212
3,171
17,524
36. 015
34,998
17, 103
3,055
24,918
6,546
9,455
1,476
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating re venue.
Operating income
thous. of dol._
do
7,745
143
7,708
127
8.101
797, 242
57,874
8.101
780,142
56,443
8,245
126
8,396
123
8,579
110
8,435
123
8,323
119
8,371
120
8,809
115
8,975
120
' 8. 099
8.092
814, 298 r 790, 697
57, 627
58, 752
8092
788, 307
57,426
8.092
758, 943
55, 553
8.092
720, 396
53, 553
8.075
704, 446
52,612
8.075
737, 523
54, 701
8.075
814, 254
59, 900
Electric Street Railways
Fares, average, cash rate
Passengers carried
Operating revenues
cents
thousands. _
thous. of dol._
8.075
777,157
57,047
8.075
847,775
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1835, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
March 1937
103G
Febru-
March
April
May
June
July
August
S
XT~
Ortober
N<
be?"'
December
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Steam Railways
Freight carload ing (Federal Reserve):
Combined index, unadjusted. _ 1923-25= 100,
Coal
:do.._
Coke
do...
Forest products
do...
Grain and products
do
Livestock
do.._
Merchandise, 1. c. 1
do.__
Ore
do
Miscellaneous
_do_..
Combined index, adjusted
do
Coal
.do....
Coke
do
Forest products
do
Grain and products
do...
40
Livestock
do
68
Merchandise, 1. c. 1
do
108
Ore
do
97
Miscellaneous
_do
Freight carloading (A. A. R.):
3,317
Total cars ^
thousands.
759
Coal
do—.
58
Coke
do...
149
Forest products
.do...
148
Grain and products
do._.
68
Livestock
do—
764
Merchandise, 1. c. 1
_
_do._.
49
Ore...
do—
1,322
Miscellaneous
do_._
131
Freight car surplus, total
do
64
Box cars
do...
26
Coal cars
do.—
Financial operations (Class I Railways):
Operating revenues, total
thous. of dol_. 331,685
Freight
_
—
d o — 268,651
37, 441
Passenger...
do...
Operating expenses
do.._ 253,664
38,437
Net railway operating income
do__Net income
__do...
Operating results:
Freight carried 1-mile
.mils, of tons.
Revenue per ton-mile
cents___
Passengers carried 1 mile
millions...
Canals:
Waterway Traffic
325
Cape Cod_.
thous. of short tons.
0
New York State
do...
1,856
Panama, total
thous. of long tons.
281
In U. S. vessels
do...
0
St. Lawrence
thous. of short tons.
0
Sault Ste. Marie
do...
Suez
thous. of metric tons.
0
Welland
thous. of short tons.
Rivers:
129
Allegheny
do
79
Mississippi (Gov. barges)
do...
1,896
Monongahela
do
854
Ohio (Pittsburgh district)
do...
Clearances, vessels in foreign trade:
4,199
Total
thous. of net tons.
3,156
Foreign
do___
1,043
United States
do...
Travel
Operations on scheduled airlines:
Express carried
pounds.
Miles
flown
thous. of miles.
Passenger-miles
flown
do.._
Passengers carried
number.
Hotels:
3. 12
Average sale per occupied room
dollars.
70
Rooms occupied
percent of total-.
92
Restaurant sales index
1929 = 100.
Foreign travel:
Arrivals, U. S. citizens
number.
Departures. U. S. citizens
do...
Emigrants
do...
Immigrants
do.__
Passports issued
do...
7,046
National Parks:t
Visitors.
do...
Automobiles
do...
Pullman Co.:
Revenue passengers carried
thousands.
Revenues, total
thous. of dol.
38
67
39
60
15
63
70
78
73
42
70
38
64
62
79
65
106
89
37
66
31
60
15
63
70
97
79
36
68
33
62
62
74
62
60
56
42
72
35
63
15
73
66
63
55
40
85
41
62
64
77
66
64
58
42
66
38
65
27
79
69
77
61
40
86
41
63
53
77
71
65
70
46
69
37
66
107
83
70
73
70
44
84
39
64
71
80
72
61
69
48
77
35
66
130
83
70
70
75
46
' 2,975
••762
'48
'133
'151
'64
'714
'28
'1,074
231
138
47
3,135
906
54
134
151
53
730
28
1,078
171
104
22
2,419
2,545
299,058
241,125
34.102
231,471
'35,729
d
7,914
72
79
75
65
73
47
117
41
66
139
84
73
74
83
48
98
49
67
77
80
76
68
71
50
88
46
67
141
85
70
71
79
47
73
52
67
82
77
82
80
83
50
71
57
70
150
95
72
74
85
47
58
48
67
93
88
84
90
87
49
69
65
69
133
97
73
79
85
48
62
49
66
95
82
80
92
96
49
73
59
68
73
92
80
84
93
51
69
51
67
105
94
74
92
97
46
71
45
66
23
83
86
86
90
57
73
45
71
95
107
2,787
426
33
139
140
47
649
202
1,151
170
90
44
2,826
434
35
131
212
52
628
209
1,125
147
77
37
3,701
605
43
181
217
77
828
274
1,476
146
81
30
3,061
423
27
122
136
48
622
24
445
28
121
123
50
647
35
1,017
1,096
205
104
61
179
97
42
3,352
557
41
162
155
61
795
187
1,394
185
105
41
300, 459
245,145
31,902
235,906
33, 595
d
11, 674
308,304
251, 821
30, 516
236, 579
35,206
d
8,316
313, 410
256, 322
30, 653
235, 073
41, 548
d
2, 295
320,966
262, 727
30,351
240, 234
41,842
d 2, 420
330, 692
268, 542
34,845
241, 812
50, 313
8,902
349, 744
283, 944
39, 187
248, 366
61, 774
19, 283
27,858
.960
1,695
29,153
.931
1,582
27,992
.994
1,539
28,145
1.015
1,573
29,894
.975
1,578
28, 760
1. 023
1,941
224
0
2,149
775
0
0
2,043
0
81
0
2,155
813
0
0
1,864
0
200
0
227
228
2,634
2,430
1,023
270
568
2,420
940
1,300
8,710
2,215
1,618
112
98
1,270
635
43
102
547
56
981
0
0
187
37
2,149
2,091
0
95
56
140
226
188
1,327
1,928
4,096
3,013
2,776
531
39
139
127
73
663
226
791
53
178
161
109
856
264
625
45
136
131
77
651
113
625
45
132
130
59
632
33
1,264
1,683
1,236
1,119
125
71
23
112
65
17
121
63
23
133
65
30
585
602
321
299
681
857
357, 207
291, 772
36, 356
248, 553
70.166
26,406
391, 457
326, 056
33, 914
261,212
89, 851
46,234
358,548
298,220
32, 083
248,285
72,411
30,083
372, 265
299,231
39, 262
257, 424
70, 520
49, 678
31,144
1.002
2,261
32,076
.971
2,308
33,049
.964
2, 064
37,148
.955
1,913
33,865
.957
1,798
33,980
228
616
2,460
989
1,207
9,835
1,981
1,444
258
738
2,450
976
997
10, 951
2,150
1,322
232
605
2,396
1,058
1,060
10, 699
2,554
1,366
258
821
281
722
255
717
288
0
2,526
1,054
1,130
11,041
2,172
1,407
2, 463
1,747
1,539
1,386
10, 789
2,172
1,646
485
999
7,094
2,302
1,308
214
22
373
367
155
2,457
1,319
405
143
2,564
1,399
404
138
2,623
1,461
378
127
428
129
134
129
2,569
1,425
2,661
1,452
2,446
1,355
350,
283,
39,
246,
64,
20,
962
2,346
232
260
520
863
365
200
2,361
1,246
4,305
3,049
1,256
4, 639
3,225
1,414
4, 872
3, 329
1,542
6,057
3,901
2,155
6,134
4,121
2,013
6, 564
4,418
2,146
6,886
4, 694
2,192
6,668
4,606
2,061
5,973
4,209
1,764
4,881
3,631
1,249
354,301
4,245
18, 983
44, 061
353,293
3, 958
18,122
41, 330
538,736
4, 860
31,730
70, 926
483,505
4, 885
30, 326
71, 449
483, 798
5,511
40,097
96, 368
701,142
5,620
40, 252
97, 453
613,837
6,043
44, 364
111,072
565, 358
6, 046
43,109
106,143
652, 930
5, 756
43, 510
101,239
799, 266
5,913
44,411
102,917
751,890
5, 639
42, 891
96,019
603, 721
5,301
37,714
82, 022
2.94
68
82
3.01
66
82
2.89
3.00
2.97
64
93
2.98
61
3.10
61
91
3.14
3.28
68
93
2.85
64
3.09
65
78
66
91
69
95
65
96
3.10
60
91
20,010
21, 686
2, 643
3, 067
27, 725
21, 038
22, 732
2, 527
3,008
31, 305
30, 346
36, 361
2,780
3,571
16, 980
61, 230
57,067
3,004
3,891
8,198
63,575
48, 693
2,612
4, 606
6,564
33,176
36, 246
2,436
5,101
5,659
16, 973
22, 983
2,708
3,871
5,865
19, 573
21, 222
2,653
4,082
6, 104
655,786
182, 958
622, 721
175,090
258,495
77, 712
77, 783
24,926
46,127
14, 102
43,715
13, 019
' 4, 521
3,184
1,337
' 103
2,601
1,372
4, 351
3,255
1,096
16, 674
17,130
2,980
2,540
5,098
20,991
21,189
1, 926
2,252
4,918
30, 678
26, 081
2,108
2,591
8,071
24, 808
24,149
2,134
3,016
15, 509
49, 643
14,145
42, 280
12, 270
47, 083
14,120
67, 767
20, 068
1,533
5,035
1,359
4,326
1,312
4,479
1,353
4,438
1, 295
4,163
1,430
4, 705
1,516
5,019
1,565
5,211
1,519
4, 929
1,469
4,959
1,351
4,309
1,497
thous. of dol.
do...
do._.
do...
do...
thousands
86, 783
57,167
21,895
59,498
17,291
14,770
85, 364
56, 329
21,271
57,649
17, 746
14, 839
88, 909
57, 594
23, 459
59,562
19,165
14,921
88, 754
57, 667
23, 298
59,543
18,818
15,004
89,209
57,864
23, 486
59, 614
19,182
15,0QS
89, 680
57, 673
24,116
59,778
19, 268
15,111
91,129
57, 681
25, 406
62,136
18, 298
15,549
89, 571
56, 727
24, 692
59,960
18, 853
15, 622
90, 668
58,441
24,095
60,923
19, 277
15, 762
93, 979
60, 781
24, 984
61,910
22, 142
15, 880
92, 393
66, 285
23, 843
61,363
21, 274
15, 961
96,638
57, 986
26, 340
63,981
23 822
16', 067
thous. of dol.
do...
do...
do_ - .
9,223
7,120
8,050
744
8,978
6, 851
7,793
760
10,046
7,757
8,288
1,326
9,996
7, 742
8,156
1,407
'10,025
7,787
8,302
1,292
10, 551
8, 244
8,513
1,603
10, 534
8, 258
8,718
1,399
10,121
7,917
8,616
1,088
10, 321
8,010
8,608
1,300
10,564
8,134
8,600
1,438
9,803
7,541
8,310
1,070
144,034
43,128
311,391
91,575
COMMUNICATIONS
Telephones: §
Operating revenues
Station revenues
Tolls, message
Operating expenses
Net operating income
Phones in service end of mo
Telegraphs and cables:
Operating revenues
Commercial telegraph tolls
Operating expenses
Operating income
d
f Revised series. For revision for 1935 see p. 20 of the December 1936 issue.
Deficit.
r Revised.
1 Data for January, May, August, October 1936 and January 1937 are for 5 weeks; other months, 4 weeks.
§ While the number of telephone carriers reporting varies somewhat, the coverage has shown very little change, and the series are comparable for all practical purposes.
39
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data, may be found in the
January January
1936 Supplement to the Survey
1936
February
March
April
May
June
July
October
August September
Novem- December
ber
CHEMICALS AND AKLIEB PRODUCTS
CHEMICALS
Alcohol, denatured:
Consumption
thous. of wine gaL_
6,715
Production
do_
6,810
Stocks, end of month.__
do
1,509
Alcohol, ethyl:
Production
thous. of proof gaL. 18, 707
Stocks, warehoused, end of mo
do.
14, 035
Withdrawn for denaturing
do.
11, 553
2,272
Withdrawn, tax paid
do
Methanol:
Exports, refined
gallons.
Price, refined, wholesale (N. Y.)-dol. per gal..
.37
Production:
Crude (wood distilled)
..gallons.. 525, 070
,835,815
Synthetic
do.
Explosives, shipments
thous. of lb__ 27,894
Sulphur production (quarterly):
Louisiana
long tons
Texas
do._.
Sulphuric acid (fertilizer manufactures):
Consumed in production of fertilizer
short tons.
Price, wholesale, 66°, at works
15.50
dol. per short t o n . .
Production
short tons.
Purchases:
From fertilizer manufacturers
do...
From others..
_
do...
Shipments:
To fertilizer manufacturers
do..
To others
_
do..
6,143
6,207
1,739
5, 954
5,939
1,718
5,645
5,693
1,767
5,942
6,006
1, 836
6,864
7,635
2,607
7,302
7,409
2,707
6,117
6,101
2,666
6,949
6,927
2,635
8,478
8. 604
2. 756
16, 103
15, 034
1.682
12, 946
12, 584
1,311
11,243
11, 079
1,131
13,179
19, 386
10, 433
1,840
12, 747
20, 315
9, 860
1,649
14, 303
22, 429
9, 512
2,054
12, 818
21,146
10, 295
2,441
14, 668
21.311
13,109
1,989
14, 620
21, 300
12, 605
2,119
17, 744
25, 047
10, 591
2,780
17, 998
27, 475
12, 458
2, 529
16, 893
26, 363
15, 298
2. 359
22, 086
18, 842
26, 258
2,952
20,170
13, 360
22,161
3,215
19, 943
9, 702
19, 456
3,315
105, 895
40, 843
73, 349
41,915
40, 897
.38
19, 496
.38
18, 090
48, 400
.38
34, 976
.38
.38
30, 888
.38
146, 621
.38
494, 081 494,144 476, 496 426, 313 427, 079 413, 930 '384,751 447, 499 429, 500 511,541 520, 722
548,982
1,418,863 1,540,171 1,631,832 1,692,921 1,754,998 1,863,405 1,950,825 2,309,377 2,695,591 3,278,052 3,417,755 2,009, 952
25, 514
28,492
30, 394
28, 825
27,483
31,471
30, 484
34,151
37, 453
35,055
32, 567
36, 472
79, 772
389, 608
72, 022
384, 671
62, 700
73. 605
436, 338
125, 730
117, 864
106, 785
81, 921
82, 396
95,168
99, 325
114, 521
120, 370
163, 265
175,123
180, 560
15.50
156,878
15.50
152,860
15.50
141, 339
15.50
119,565
15.50
126, 419
15.50
122, 681
15.50
121,166
15. 50
141, 501
15. 50
135, 717
15.50
169, 814
15.50
176,500
15.50
182, 217
24, 932
22,193
13, 352
15, 111
15, 722
15, 988
10,721
12,273
13, 518
16, 725
15,437
26,922
29, 712
21, 111
30, 065
23, 383
32, 304
22. 918
43,439
31,710
39, 203
44, 523
43,844
34, 272
35,007
47,163
20, 921
37,170
22, 307
54, 306
13,258
55, 451
20, 870
53,492
18,129
49, 744
22,106
53, 351
31, 221
45, 962
24,103
51,118
23, 477
56,538
27, 388
57, 756
37,840
44, 860
414
61,002
8,006
49,340
173
199,312
80. 513
52, 633
5,580
111,929
341
164,458
34,025
112,802
1,233
149,473
89, 538
32,642
4,299
53, 097
545
149,917
36, 326
105,420
276
218,892
165, 555
92, 739
6,332
43,885
1,402
178,789
31, 552
133,762
139
173,708
134,406
62,115
4,252
31, 749
84
101,923
7,400
89,691
158
75,888
58,866
36, 216
4,619
6, 065
44
151,082
13,311
123,950
513
64,619
35, 320
6,773
1,779
24,844
61
126,899
9,131
105, 539
298
64, 514
36. 250
5,640
4,480
19,427
145
150,753
14, 470
121, 554
799
72, 382
32, «51
1, 383
2. 494
32, 310
138
173,426
37, 286
127,067
269
167,050
48, 958
19,513
2,837
57,967
100
123,609
12,004
99, 750
450
99,001
49,126
2, 683
3,951
40,884
178
68,721
12, 106
53, 393
119
161, 112
67. 345
29,431
3, 526
87. 983
1.375
1.275
1.285
1.325
1.325
1.325
1.325
1.325
1.325
1.325
1. 375
1.375
377, 200 298,073 259, 374
35, 023
33,163
54,687
1,125,576 1,190,315 1,137,700
257, 728
238,498
953, 739
216, 558
219, 340
742,105
203, 945
119, 612
702. 335
225,485
45,817
721, 243
243,162
9,510
770, 790
256, 792
21,113
845, 381
297, 090
127,378
874. 588
393, 600
369, 335 389, 369
32, 137
23, 502
72, 254
985, 632 1,117,011 1, 133, 640
Pine oil, production
gallons. 404,052 343, 038 354,433 346, 676 374,585 368,304 371,036
Rosin, gum:
10.95
Price, wholesale, " B " (N. Y.)__dol. per bbl.
4.50
4.51
4.91
4.45
5.12
4.68
48, 861
82. 736
Receipts, net, 3 ports
bbl. (500 lb.)_
41, 226
32,002
97, 781
23, 348
58, 894
Stocks, 3 ports, end of month...
do
167, 947 271, 749 222, 638 156, 291 144, 782 144, 258 156, 592
Rosin, wood:
60, 620
Production
do
52,156
51, 326
53, 640
54, 209
52, 693
52, 418
63, 924
Stocks, end of month
do
80, 278
93. 152 92, 945
83, 021
83, 346
87, 257
Turpentine, gum, spirits of:
Price, wholesale (N. Y.)
dol. per gaL
.42
.38
.40
.40
.47
5, 646
Receipts, net, 3 ports
bbl. (50 pal.)..
3,808
4,800
1, 442
27, 418
23,470
15,157
96,090 135,959 125, 285 114,789
Stocks, 3 ports, end of month
do
99, 562 105,141
99, 320
Turpentine, wood:
9, 632
9,042
Production
do
8,740
8,580
8,662
8,636
8,093
18, 768
Stocks, end of month
do
8,553
9,275
11, 582
10,733
7,492
10. 610
365, 784
415,922
404, 932
405, 527
4C4,105
413, 078
5.83
108,648
173, 946
6.91
101,939
188,065
95. 693
194. 883
7.29
81,814
194,175
8.25
70, 372
192, 780
JO. 32
71.307
190, 325
55,151
79,128
58, 572
76,110
57, 789
77, 767
57,809
58, 023
69, 936
57, 261
65,416
42
29, 810
108, 550
.43
26,173
113.983
.42
21, 894
114,127
.41
18,533
113,702
.43
14,457
109, 955
.47
11, 620
105, 431
8, 523
7,669
8,785
8,019
8,578
10,228
8, 860
14, 840
9, 160
10, 906
FERTILIZERS
Consumption, Southern States
thous. of short tons..
Exports, total
long tons..
Nitrogenous
do.
Phosphate materials
do.
Prepared fertilizers
do
Imports, total
do
Nitrogenous
.do
Nitrate of soda
do
Phosphates
do
Potash.
do
Price, wholesale, nitrate of soda, 95 percent
(N. Y.)-~
.dol. percwt..
Superphosphate (bulk):
Production
short tons..
Shipments to consumers.
do_
Stocks, end of month
do
249
1,023
117, 628 144, 811
17, 515
19. 767
91, 481 116. 448
85
301
189,085 140, 334
149,968 107,828
100,982
69, 733
3,368
7,348
28, 553
8,677
1.375
NAVAL STORES
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and Fish
Oils (Quarterly)
Animal fats:
Consumption, factory
thous. of lb_.
Production
do
Stocks, end of quarter
do
Greases:
Consumption, factory
do
Production
.
do
Stocks, end of quarter
do
Lard compounds and substitutes:
Production
do
Stocks, end of quarter
do
Fish oils:
Consumption, factory
do
Production
do
Stocks, end of quarter
do
176, 605
384, 461
391, 123
208, 694
396, 857
384, 249
245, 453
375, 493
358, 645
229, 922
463, 972
402, 244
46,813
71, 680
68,243
46,611
75, 208
69, 354
53, 265
82, 139
64, 321
58,413
89, 332
60,731
333, 200
36, 797
349, 861
39,156
438, 606
40,619
432, 209
44, 930
65, 874
45, 364
205,121
67, 334
12, 006
147, 700
77, 074
82, 201
155, 492
82, 502
123, 684
216. 156
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude,
Exports
Imports
Production (quarterly)
Stocks, end of quarter:
Crude
Refined
factory
(quarterly)
thous. of lb_.
do
do
do
do
do
290
82, 753
526
94, 611
181
77, 068
854, 835
648
82, 003
707, 370
743,420
I 593,446
478
107, 837
557
87, 928
688, 802
245
75, 455
400, 555
628,160
492,852
490
84, 853
405
77, g
718, 747
362
62, 429
484, 565
551,613
288.572
394
69,228
189
83,079
1,114, 164
19!)
86, 164
962, 139
575, 893
486, 208
40
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
July
August SeptemOctober Novem
ber
ber
December
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS—Con.
Vegetable Oils and Products—Continued
Copra:
Consumption, factory (quarterly)
short tons.
Imports
do—
Stocks, end of quarter
do—.
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
-thous. of lb.
Eefined (quarterly)
do
In oleomargarine
___do—
Imports
do...
Production (quarterly):
Crude
do_...
Refined.
do...
Stocks, end of quarter:
Crude—
do...
Refined
do...
Cottonseed:
Consumption (crush)
short tons..
Receipts at mills...
do....
Stocks at mills, end of mo
do—
Cottonseed cake and meal:
Exports
do—
Production..
do....
Stocks at mills, end of mo
-__do
Cottonseed oil, crude:
Production
thous. of lb_.
Stocks, end of month.
_
do....
Cottonseed oil, refined:
Consumption, factory (quarterly)
do....
In oleomargarine
do—
Price, summer, yellow, prime (N. Y.)
dol. per lb_.
Production
...thous. of lb.
Stocks, end of month__
do.._
Flaxseed:
Imports
thous. of bu_.
Minneapolis and Duluth:
Receipts
do
Shipments
do
Stocks, end of month
do
Oil mills (quarterly):
Consumption.
..do—
Stocks, end of quarter—
do...
Price, wholesale, No. 1 (Mpls.)—dol. per bu.
Production (crop est.)
thous. of bu.
Stocks, Argentina, end of mo..
do
Linseed cake and meal:
Exports
__.thous. of lb.,
Shipments from Mpls.
do
Linseed oil:
Consumption, factory (quarterly)
thous. of lb.
Price, wholesale (N. Y.)__
dol. per lb.
Production (quarterly)
thous. of lb.
Shipments from Mpls__
do
Stocks at factory, end of quarter
do.. .
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb_.
Price, standard, uncolored (Chicago)
dol. per lb_.
Production
thous. of lb.
Vegetable shortenings:
Price, tierces (Chicago)
dol. per lb.
5,900
13,297
24,511
5,713
39, 345
17, 946
23, 507
27,108
37,972
56, 394
14.976
31,902
137,153
99, 594
13,289
22, 532
16,971
11,9
12,334
40,336
9,979
32,569
71, 082
25, 322
52,124
8,347
7,361
.097
.101
.094
127,383 112,411 86, 269
453, 256 488, 951 504, 337
.094
65,185
487,994
1.87
781
115,476
285,387
40,283
24. 208
36, 049
115
IS, 506
65, 053
506
46,774
45,561
549
264,173
126,014
827
331,248 310, 738
190, 068 209,660
160
296,173
214, 731
14,170
37, 251
263, 502
6,649
11, 05?
19,192
29,787
26,547
176, 256 222, 294 203, 416
92,667 121,398 143,182
195, 763
142,021
332,216
9,081
10, 373
333,099
12, 689
.102
.100
.099
92,306 179,721 183, 558
228, 764 307, 369 385, 250
.110
168, 381
418, 087
7,612
.091
.098
41,196
40, 443 29,637
460, 213 408, 944 318,873
.101
22,725
237,220
10,042
1,414
1,496
1,037
1,244
747
117
671
1,813
1,747
2,707
1,489
119
1,640
224
131
1,246
172
95
791
270
160
535
542
181
348
255
291
285
1,539
665
668
336
318
783
703
3,466
742
746
264
709
484
310
470
1.84
7,094
2,434
1.76
1.72
1.69
5,168
2,222
1.77
2.06
2.15
4,817
2,083
2.14
2.13
2.16
""§," 150'
~4,~33T
5,315
'~6,~299~
"6," 693"
5,906
39,399
21,782
36,225
15, 244
42,379
21,748
33,233
23, 715
27,117
15,649
25, 794
15,104
.101
.101
.095
.094
~9,~372
"137808"
I," 605'
36,455 102,451 592,820 748,126 686, 254 656, 240
22, 332 252,834 1,258,890 1,178,322 791,036
535, 511
21, 926 168,145 838,379 1,274,173 1,377,955 1, 258, 226
74
38
38
62, 530 36, 509 20,271
202, 421 164,459 117,004
35,468
9,163
"57319"
143,565
80,676
10,916
29,186
59, 551
15, 458
241,169
8,178
2.29
10, 271
32,712
77,121
14,241
24, 348
62, 698
229
142
13,619
23,500
41, 739
4,540
10, 671
129,894
16,074
43,028
85, 656
368
11
501
169,416
93, 648
13, 964
15,689
5,085
129,419
17,973
135,820 106, 566 81, 642
128, 918 127,147 113,951
1,139
11, 749
14, 273
22,185
53,142
73, 900
175,942
146, 396
.114
167,362
460,448
9,554
33,835
49,164
24, 933
14,865
63,004
95, 678
189
2,567
206,665 161,375
362, 509 321,843
10,700
14, 789
72,049
83,629
488
251,586
224,460
8,626
140. 350
84,904
9,736
14,820
17.416
69,894
87,262
582,373 457, 532 347, 353 254, 253 132, 464
209, 533 235, 964 83, 786 81, 752 31.044
885,386 635,372 371,805 199, 304 97,884
13, 752
56. 449
11, 636
16,896
65, 574
.098
132,137
"7," 853' 10, 200
187,466
.100
84,129
.095
100,119
12, 932
140, 666
67299"
"57906"
5,512
20,469
12,891
24,140
11, 365
32, 581
3,205
.100
.103
"7,"273"
"B7I66"
79,705
.101
91,098
3,538
98,411
"37937" ""27756"
37, 625
11,313
40, 403
12, 229
.096
.093
"37686"
6,931
2,864
2.21
* 5, 908
4,331
56, 569
10,068
78,114
.096
131, 899
4,784
117, 268
34.025
37,388
37,851
32,464
26,941
22, 549
26,796
31,805
34,426
35,144
34, 365
38,806
.150
.145
36, 558
.145
38,835
.145
33,794
.143
32,302
.130
25,580
.125
25,834
.125
27,695
.134
30,351
.138
33,711
.140
35,586
.140
34, 209
.142
38, 773
.137
.122
.118
.117
.117
.109
.107
.117
.124
.125
.120
.120
30,202
20, 726
9,080
11, 646
9,476
23,804
16,355
8,188
8,167
7,448
20,181
14, 363
7,162
7,201
5,818
29,912
20, 728
9,282
11, 446
9,185
36,209
25,199
11,021
14,178
11,010
40,950
28,026
10,746
17, 280
12,924
38,736
26, 587
10,795
15,792
12,149
33,919
23. 393
10,287
13, 106
10, 526
33,380
22. 338
9,095
13, 243
11.041
33,450
22, 338
9,564
12, 774
11,112
34,049
23,192
10, 628
12, 564
10,857
28,503
20.037
10,018
10,019
29,465
19, 759
10, 223
9,536
9,705
2S0.896 199,183 293, 756 348,953
31,292
27, 734 44,520 47,407
89, 730 76, 971 134,803 147,160
361,356
51,758
175,088
306, 656 261,462 297.878 292,071 279,193 222,965
49,, 389 50, 267 47, 268 41, 672 35, 902
54,817
158, 285 139, 565 133,825 149,333 138, 903 95, 783
251,068
33, 895
98,048
.130
PAINTS
Paint, varnish, lacquer, and fillers:
Total sales of manufacturers..thous. of dol.
Classified
do...
Industrial
do.—
Trade
do.-_
TJnclassified
_do__.
Plastic, cold-water paints, and calcimines:
Sales of manufacturers:
Calcimines
dollars.
Plastic paints
do...
Cold-water paints
do._.
295,405
32,091
119,937
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Production
thous. of lb.
Shipments
do__.
Cellulose-acetate, sheets, rods, and tubes:
Production
thous. of lb.
Shipments
do...
EOOFING
Dry roofing felt:
Production
short tons.
Stocks, end of month—
do...
Prepared roofing shipments:
Total
thous. of squares.
Oritroll
do—
Shingles (all types)
do—
Smooth roll
do._.
h
December 1 estimate.
1,224
1,239
1,388
1,319
1,345
1,288
1,154
1,206
1,225
1,198
1,463
1,501
1,787
1,532
869
934
1,322
1,148
597
546
785
939
1,221
1,097
921
1,061
850
1,002
746
1,162
1,468
1,204
1,027
17, 266
8,677
19,313
7,902
22, 528
7,999
23, 713
7,086
22, 391
8,630
21, 956
10,479
20, 209
10, 583
21,833
9, 550
1,668
366
341
961
3,139
660
565
1,914
2,451
566
1,205
2,744
634
887
1,223
2,103
566
740
797
2,361
653
795
913
2,509
637
784
1,088
2,994
783
908
1,303
1,715
1,561
1,230
1,252
853
742
24, 547
9,546
1,594
1,420
1,398
1,479
1.462
1,316
1,438
1,313
1,255
1,112
23. 083
7,523
25,907
5,853
25, 628
5,753
21,361
6,381
4,306
1, 181
1, 119
2,005
1,140
1,760
2,592
633
626
1,333
1,462
327
385
750
41
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
1936
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total
mills, of kw.-hr..
By source:
Fuels
—-do—
Water power
do
By type of producer:
Central stations
do
Other producers
do
Sales to ultimate consumers, total (Edison
Electric Institute)
mills, of kw.-hr..
Domestic service
do
Commercial—retail
do
Commercial—wholesale
__do
Municipal street lighting—
do
Railroads, electrified steam
do
Railroads, street and interurban
do
Revenues from sales to ultimate consumers
(Edison Electric Institute)
thous. of doL.
10, 496
9,246
8,599
8,904
9,085
9,124
9,672
9,802
9,721
10,176
6,497
4,000
5,881
3,365
5,681
2,918
5,114
3,790
4,878
4,014
5,163
3,923
5,853
3,271
6,529
3,143
6,737
3,065
6,694
3,026
6,774
3,401
r 6,419
' 3, 362
9,957
539
8,747
499
8,118
481
8,423
481
8,417
475
8,604
481
8,594
530
9,242
560
9,177
544
9,640
536
r 9,178
603
7,278
1,466
1,403
3,567
234
100
446
6,999
1,340
1,324
3,514
219
96
435
6,913
1,254
1,256
3,649
7, 069
1,223
1,281
3,842
193
86
375
7, 085
1,165
1,266
3,975
180
77
354
7,264
1,144
1, 275
4,197
159
74
346
9.111
561
7,519
1,159
1,317
4,362
171
99
342
r 6, 872
r 3, 051
r 9, 904
618
7, 723
1,180
1,361
4,487
188
97
340
7,910
1,261
1,402
4, 540
197
99
338
8,093
1.324
1,421
4,574
214
374
8,000
1,419
1,459
4, 315
225
112
392
8,154
1, 482
1,501
4, 298
235
124
433
179,141
171, 220
165, 650 165, 703 164,015
164,007
167, 672 169, 636 175, 597 179,972
183,066
187, 094
9,960
9,333
133
485
35,960
19, 922
6,669
9,143
9,972
9,346
135
481
36, 611
20,146
7,053
9,190
9,973
9,343
129
487
34,129
19, 219
5,282
9,422
10,011
9,378
132
488
33,018
18, 731
4,223
9,827
10,098
9,465
136
485
31,334
18,866
2,805
9,493
10,080
9,454
130
485
29,531
18,941
1,032
9,412
10,106
9,484
125
485
27, 249
17, 279
636
9,156
10,119
9,499
126
484
25, 723
16,159
491
10,199
9,568
138
483
27,900
18,050
548
9,149
10, 232
9, 592
155
474
31,268
19,726
1,598
9,750
10,20C
9, 551
165
481
33, 410
18,020
5,019
10,169
10, 224
9, 559
172
483
30, 009
18, 356
7, 537
10,541
34, 555
23,800
4,113
6,495
34, 653
23, 322
4,612
6,571
32, 887
22, 742
3,514
6,490
32,093
22,885
2,585
6,476
31, 839
23, 820
1,553
6,336
30, 699
23,693
773
6,127
28, 689
22,123
499
5,966
27, 223
20,861
402
5,848
29, 426
22, 785
502
6,035
31,955
24, 254
1,196
6, 380
32, 435
22, 907
2,710
6,676
34, 280
22, 933
4,199
7, 006
5,987
5,515
470
123,778
43, 715
6,004
5,532
469
136, 242
50,131
84,673
6,033
6,027
5, 559
5, 560
472
465
113, 823 106,193
38, 942 31,859
73, 442 72, 770
6,033
5,578
453
92, 639
23, 658
67,588
6,011
5,581
429
85,014
16,854
67,137
6,010
5,586
422
82, 696
13,735
68,121
6,037
5,611
424
85, 330
12, 678
71,402
6,078
5,650
426
88,437
13,375
73, 765
6,151
6,238
5,744
5,691
491
459
95, 699 113,170
18, 293 29,104
76, 323 82, 959
0, 257
5, 757
498
126, 282
39, 254
85, 572
44, 312
27,964
16,178
48,116
30, 581
17, 296
29, 251
16,429
12,635
24,812
12, 703
11,980
22, 904
10,913
11,863
22, 778
10, 353
12, 265
23, 666
10,789
12, 714
27.481
13,483
13,856
35, 364
19,314
15, 889
42,172
24, 784
17,179
209
83
394
no
r 9, 781 r 10, 52S
GAS
Manufactured gas:
Customers, total
thousands..
Domestic
do
House heating
do
Industrial and commercial
do
Sales to consumers
mills, of cu. ft..
Domestic
do
House heating
_do
Industrial and commercial
do
Revenue from sales to consumers
thous. of doL.
Domestic....
do
House heating
do
Industrial and commercial
do
Natural gas:
Customers, total
__
-thousands..
Domestic
do
Industrial and commercial
do
Sales to consumers
mills, of cu. ft-.
Domestic
do
Industrial and commercial
do
Revenues from sales to consumers
thous. of doL.
Domestic
.do
Industrial and commercial
_do
39,732
24, 667
14,846
35,475
21,034
14, 219
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:
Consumption (tax-paid withdrawals)
thous. of bbl_
Production
do...
Stocks, end of month
do
Distilled spirits:
Consumption, total (tax-paid withdrawals)
thous. of proof gal.
Whisky
_.__do—
Production, total
do
Whisky
do_._
Stocks, total, end of month
do___
Whisky
do—
Rectified spirits:
Consumption (tax-paid withdrawals)
thous. of proof gal_
3,056
3, 657
7,407
2,679
3,335
6,640
2,685
2,932
6,802
3,738
4,433
7,333
3,887
4,970
8,208
5,041
5,418
8,409
5,600
6,061
8, 633
6,670
6,791
8, 525
5,938
5,771
8,122
4,985
5,183
8,082
4.249
4, 097
7,722
3, 040
3, 399
7,319
3,831
3, 665
6,945
5,314
5,428
21,109
19,174
402, 099
388,416
6,019
5,421
21,910
20,340
230,425
221,602
6,173
5, 687
19,804
18, 838
242,830
233,797
6,203
5,531
22,691
21,612
258,221
248, 946
6,177
5, 390
23, 251
21,917
273,798
264, 389
5,666
4,760
23,373
22,158
290, 739
281, 208
5,229
4,288
24, 274
22, 693
310, 793
300, 653
5,823
4,643
21, 720
19,994
325, 990
315,936
5,200
4,279
19, 763
17,824
339,820
328, 808
6,931
5,952
23,698
19,063
352,151
341,264
9,724
8,202
27, 625
20, 299
364, 023
352, 639
11,567
9,643
22, 973
18,868
373,330
361,318
10, 609
8,907
25,188
22, 289
387, 322
374, 629
2,123
2,028
2,335
2,367
2,044
1,937
2,159
1, 936
2,783
4,074
4,858
5, 044
124,930
127, 594 122,114
123, 524
131, 896
162, 006
132,596
122,804
131, 579
135, 667
139, 245
131,760
137, 441
.34
103,900
37, 067
.35
.37
108,172 106, 688
42, 257 41,211
.32
120,162
45,829
.31
130,928
48, 379
.27
178, 028
56, 537
.30
185, 223
69, 435
.34
152,001
54,676
.36
139,363
44, 792
.35
131,862
44,637
.33
135,140
47, 202
.34
113,985
39, 587
.34
108, 703
39,310
DAIRY PRODUCTS
Butter:
Consumption, apparent...
thous. of 1b.
Price, wholesale (N. Y.), (92-score)
dol. per lb.
Production creamery (factory).thous. of lb._
Receipts, 5 markets
do...
Stocks, cold storage, creamery, end of month
thous. of lb.
Cheese:
Consumption, apparent
do
Imports
do
Price, No. 1 Amer. (N. Y.)
dol. per lb.
Production (factory)
thous. of lb.
American whole milk
do
Receipts, 5 markets
do...
Stocks, cold storage, end of mo
do
American whole milk
___do_r
Revised.
42,484
21,502
8,217
5,346
4,997
21,157
73,816
103, 259
112,106
108,835
105, 368
88, 866
r 61, 234
55, 745
5,022
.18
54,879
3,240
.18
43,841
29,455
10, 416
90,890
78,197
53, 651
3,794
.17
39,809
27, 051
13,339
79, 556
68,363
57,436
5,693
.17
45, 317
32, 409
15,164
73,952
62, 261
62,127
4,217
.15
48,816
37, 089
13, 398
67, 776
55, 756
70,165
3,152
.15
65,339
52, 395
14, 206
70, 783
56, 946
76,150
4,257
.17
83,132
67,101
21,191
85, 798
70, 282
60,370
5,463
.20
63,922
53, 032
18,479
97, 403
80, 735
53,897
6,452
.21
57, 693
44, 451
15,981
107, 542
90, 471
53,331
5,796
.20
55,389
43,3J)7
12, 098
114,990
98, 200
59, 392
5,675
.19
57,738
44, 905
13, 386
118,907
102, 847
56, 953
5,881
.18
46, 786
33,150
12, 524
114,706
98, 975
53, 092
6, 229
.18
42, 629
29, 610
11,311
' 110, 400
' 95, 418
41, 599
27, 425
11,548
101, 206
87. 340
42
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the January January
1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
July
August SeptemOctober November
ber
December
FOODSTUFFS AND TOBACCO—Continued
DAIRY
PRODUCTS—Continued
Condensed a n d evaporated m i l k :
Production:
Condensed (sweetened):
Bulk goods
t h o u s . of lb_
17,414
Case goods
do...
4,827
E v a p o r a t e d (unsweetened)
d o . . . 116, 230
Exports:
174
Condensed (sweetened)
do...
1,899
E vaporated (unsweetened)
do _ _ _
Prices, wholesale ( N . Y.) (case goods):
4.85
Consensed (sweetened)
dol. per caseE v a p o r a t e d (unsweetened)
do_ _ _
3.30
Stocks, manufacturers, end of m o n t h :
Condensed (sweetened):
5,175
B u l k goods
t h o u s . of lb_
7,124
Case goods
do...
E v a p o r a t e d (unsweetened), case goods
t h o u s . of l b . 208, 910
Fluid milk:
C o n s u m p t i o n in oleomargarine
do...
5,772
Production (Minneapolis and St. Paul)
thous. of lb_
Receipts:
Boston (incl. cream)
thous. of q t .
Greater New York
do...
Powdered milk:
Exports
thous. of lb_
Production!
-do...
Stocks, mfrs., end of mo
do...
14, 280
4,994
183, 428
17, 881
4,567
185, 780
14,925
3,380
188,840
11,326
3,538
127,881
12, 586
4,198
113,502
60
2,118
204
2,904
93
1,633
128
189
4.85
3.28
4.85
3.40
4.85
3.40
4.85
3.40
4.85
3.40
4.85
3.30
14, 664
11, 275
13, 654
11,188
12, 250
11,116
12, 363
12,109
11, 233
11, 689
7,787
10,190
5,670
9,071
186, 359
99, 638
102, 021
160, 709
251,751
278, 511
258,904
5,521
5,258
5,847
6,357
6,732
6,351
7,189
41, 673
17, 387
120,137
42, 051
32,183
28, 098
26, 245
27, 235
25, 447
28, 609
16,550
114, 657
18,142
117,126
17,781
115,060
16,149
113, 031
17, 066 17,141
114,971 111,544
113,935
286
23,445
11, 225
352
32, 280
21, 252
428
34,150
32,007
383
27, 242
29, 264
312
23,906
24,809
291
21, 872
' 26,835
327
24,945
30,612
5,414
4,563
2,281
863
1,373
1,024
7,629
15, 692
7,438
108,031
5,157
3,769
15,016
1,838
1,783
14, 628
3,645
668
13, 539
3,858
11,050
3,614
9,522
1,018
6,536
1,479
2,480
7,417
3,363
8,482
8,975
3,582
8,629
14, 649
2,055
' 7, 452
16, 548
1,901
3.665
2.456
1.863
2, 505
*• 329,997
14,859
' 16,669
'4.106
115,836
17, 021
4,233
112, 704
18, 773
4,555
144, 222
17,310
4,830
181, 552
23, 333
5,531
248, 258
29, 364
4, 173
266,199
147
1,810
257
2,719
229
2,463
246
1,765
262
2,138
465
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
2,845
6,044
2,329
3,659
2,741
2,963
4,588
3,741
9,374
66, 094
45, 375
42, 597
61, 775
7,396
7,555
6,622
6,529
31,578
30, 919
35, 548
36, 039
16,380
111,875
15, 308
104,459
15, 266
114, 536
15, 694
110,640
216
23,150
39,009
305
17,150
9,212
236
16, 761
8,485
268
20,383
9,435
4,726
4,740
6,283
5,783
18, 261
2,540
8,225
13, 260
2,592
5,976
13, 516
2,625
31,743
8,252
141, 774
5,029
25, 058
4,281
211, 299
r
322
20, 679
33, 270
216
23, 417
' 35,171
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
Shipments, car-lot
no. of carloads..
Stocks, cold storage, end of month
thous. of bbl._
Citrus fruit, car-lot ship
no. of carloads._
Onions, car-lot shipments
do
Potatoes, white:
Price, wholesale (N. Y.)
dol. per 100 l b . .
Production (crop estimate)
thous. of bu_.
Shipments, car-lot
no. of carloads..
b
1.795
2.006
2.050
16, 724
22,458
14,305
3,442
4,844
3,036
1,573
533
1,614
1,006
461
198
.87
.92
1.22
1.24
1.30
1.28
9,683
1.29
1.32
1.27
1.28
2.881
1.656
1.700
1.820
2.406
2.519
17,122
16, 810
19, 560
24, 388
18, 718
17,114
2,156
1,842
2,530
2,733
2,087
573
323
806
704
.66
.68
.71
.64
.67
.64
.70
" 18," 598" ~I4,~425~
GRAIN AND PRODUCTS
Exports, principal grains, including flour and
2,144
1,683
1,690
meal
thous. of bu._
Barley:
823
359
Exports, including malt
do
Price, wholesale, No. 2 (Mpls.):
.67
.66
1.32
Straight
dol. per bu__
.69
.71
1.33
Malting
do
Production (crop estimate)
thous. of bu_.
6,142
3,826
3,179
Receipts, principal markets
do
Stocks, commercial, domestic, end of mo.
16, 970
15, 281
thous. of bu._ 14,990
Corn:
52
48
42
Exports, including meal
do
6,356
6,113
5,497
Grindings
..do
Prices, wholesale:
.62
.67
1.19
No. 3, yellow (Kansas City).dol. per bu._
.62
1.14
No. 3, white (Chicago).do
Production (crop estimate)
thous. of bu._
14,466
13,640
13,162
Receipts, principal markets
do
7,494
8.133
5,652
Shipments, principal markets
do
Stocks, commercial, domestic, end of mo.
5,117
6,948
thous. of bu_. 15, 080
Oats:
70
64
Exports, including oatmeal
.do
Price, wholesale, No. 3, white (Chicago)
.30
.30
.54
dol. per bu_.
Production (crop estimate)
thous. of bu_.
5,652
4,450
4,120
Receipts, principal markets.
__.do
Stocks, commercial, domestic, end of mo.
41,893
40, 770
thous. of bu.. 31,066
Rice:
51,059
29, 792
Exports
pockets (1001b.).. 103,852
207,204
27, 839
73,986
Imports
do
Price, wholesale, head, clean (New Orleans)
.039
.038
.039
dol. per lb_.
Production (crop estimate)
thous. of bu_.
Southern States (La., Tex., Ark., and
Tenn.):
Receipts, rough, at mills
thous. of bbl. (1621b.)_.
845
1,799
483
Shipments from mills, milled lice
thous. of pockets (100 lb.)..
1,019
1,327
1,070
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
3,044
2,554
3,178
thous. of pockets (100 lb.)..
California:
Receipts, domestic rough bags (1001b.).. 416, 756 144, 358 109, 361
170,983 119,841
98,382
Shipments from mills, milled rice do
Stocks, rough and cleaned, end of mo.
bags (1001b.)- 714,982 593,625 524,624
6
December 1 estimate. c No quotation. r Revised, t Revised series.
7,845
5,966
5, 565
5,893
5,992
16, 583
14, 407
'12,913
11,822
10, 571
9,850
15, 343
70
34
6,209
109
6,242
219
5,386
106
6,502
82
.63
.58
.63
.64
.62
.67
.62
.71
.94
1.01
18,003
7,750
17, 497
8,508
16, 227
11, 320
24, 215
15,194
'7,650
6,158
62
81
.28
7,C
.28
1,806
19
9,584
5,625
1.29
1.32
*> 147,452
4,741
a7, 732 • 20,012
20, 541
18, 848
64
' 5, 615
21
' 5, 525
1.15
1.24
30
6,778
1.12
1.27
1.12
1.10
1.14
1.07
17, 614
11, 926
15, 569
7,711
9,213
4,375
8,797
4,058
17, 559
5,268
1.15
1.09
>1,524,317
18, 200
5,855
6,985
4,316
4,537
'4,325
4,277
8,185
13, 454
425
59
75
65
.27
.28
.37
.42
.46
.44
.44
r
41
5, 786
65
3,569
2,517
.50
<> 789,100
3,753
48, 639
42,571
37, 392
1,325 17, 534
121, 670 120,830
52,121
79, 586
54,199
181,638
"4~667"
8,768
4,991
5,866
6,200
16,863
" 15," 205"
39,018
' 35,500
31,043
31, 059
38, 864
51,861
6,986
79, 589
4, 241
60,932
9,823
76, 870
713
97,490
890
62, 339
6,124
104,099
.039
.040
.042
.043
.043
.043
.042
.039
r
50,973
.039
h
.038
46,833
232
161
129
60
20
304
1,375
2,289
1,761
736
979
788
529
318
287
331
754
1,213
2,839
980
962
2,116
1,110
2,654
259, 027 513,655
134,336
77,742
379, 028
34,985
90, 451
47,150
464,606 337,829 241,249 227,258 120,524 147,979 151,619 378,038 676,647
For revision on powdered milk for 1935 see p. 90 of the 1936 Supplement.
190, 290
1,855
1,244
863
609
342
321
114, 889
107, 869
156,616
165, 514
163, 295
149, 044
173,958
154, 060
120, 853
152, 324
184,418
71, 676
43
SURVEY OF CURRENT BUSINESS
March 1937
.Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the January January
1936 Supplement to the Survey
1936
February
March
April
May
June
July
August
Novem
ber
Der
December
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND PBODUCTS-Continued
iRye:
Exports, including
flour
thous. of bu__
Price, wholesale, No. 2 (Mpls.)-dol. per bu._
Production (crop estimate)
thous. of bu._
Receipts, principal markets
__do
Stocks, commercial, domestic, end of mo.
Wheat:
thous. of bu._
Exports:
Wheat, including
flour.
.do
Wheat only
do
Prices, wholesale:
No. 1, dark, northern, spring (Mpls.)
dol. per bu._
No. 2, red, winter (St. Louis)
do
No. 2, hard, winter (K. C.)
..do
Weighted av., 6 markets, all grades..do
Production (crop est.), total thous. of bu._
Spring wheat
do
Winter wheat
do
Receipts, principal markets
do
Shipments, principal markets
do
Stocks, end of month, world estimated
thous. of bu._
Canada (Canadian wheat)
do
United States (domestic wheat)
do
Held by mills (end of quarter)
Wheat
flour:
thous. of b u . .
Consumption (computed by Russell's)
thous. of bbL_
Exports
...do
Grindings of wheat
thous. of bu__
Prices, wholesale:
Standard Patents (Mpls.)._.dol. per b b L .
Winter, straights (K. C.)
do
Production:
Flour, actual (Census)
thous. of bbL..
Flour, prorated, total (Russell's)
do
Offal (Census)
thous. of lb_.
Operations, percent of capacity (Census)
Stocks, total, end of month (computed by
Russell's)
thous. of bbL,
Held by mills (end of quarter)
do
LIVESTOCK
0
1.13
0
.57
0
.50
0
.52
2,297
0
.75
~I,~422"
1,630
1,540
0
.87
1,658
1,375
1,735
1
1.10
* 25, 554
1,084
6,730
6,080
6,674
6,515
6,209
5,983
5,008
1,534
34
1,382
26
1,389
26
1,657
222
2,415
487
2,436
1,288
21
1,681
50
1.23
1.07
1.02
.95
1.14
1.02
.95
.90
1.24
.95
.96
.96
1.36
1.06
1.11
1.10
1.47
1.17
1.22
1.27
1.46
1.19
1.22
1.25
1.48
1.21
1.22
1.29
1.44
1.23
1.22
1.28
9,788
9,289
7,417
7,745
11,103
12,970
14,819
12, 363
84, 222
27, 210
29, 495
18, 214
10, 621
10,658
15,237
13,978
380,190
192, 233
51, 945
335, 340
177,460
40. 698
284,970
145,011
31,174
244,020
124,110
23,161
275,131
96, 652
67, 305
293,970
100, 704
81,048
0
.52
715
1,061
763
1,324
970
4,476
8,412
7,642
7,555
7,009
1,576
33
1,202
13
1,192
28
1,425
30
1,423
16
1.66
1.40
1.38
1.44
1.33
1.09
1.13
1.07
1.31
1.09
1.10
1.07
1.24
1.08
1.06
7,766
8,676
9,277
7,964
5,474
6,782
74, 737
52, 251
468,910
215, 260
70, 254
427, 650
199, 734
59,926
.58
0
.83
62, 642
86, 097
0
.85
1
.92
1.59
1.35
1.34
1.39
& 626,461
*>
107,
448
b
519, 013
10, 712
10, 389
10, 945
11,601
315, 760 305, 590 292,870
126, 378 117,412
93,924
82,849 76,423
70,314
153, 521
312, 480
82, 625
63,453
328
37, 586
253
40,042
9,022
248
38,987
g,035
297
38, 273
8,090
299
36,453
8,009
319
35, 328
7,694
289
36, 637
10, 064
290
43, 660
11, 250
305
42,087
8,198
410
40,055
321
41, 770
269
36, 844
358
r 37,832
7.54
6.16
7.19
6.09
5.56
6.92
5.42
6.45
5.24
6.07
4.80
6.28
4.73
6.78
5.23
7.21
5.64
5.67
7.06
5.57
6.84
5.49
7.26
5.94
8,180
8,644
9,386
728, 216
53
8,401
9,070
709, 574
56
8,252
8,975
694,897
51
7,840
8,235
665, 223
48
7,569
8,149
650,921
7,845
8,300
675,914
48
9,416
10, 244
793,510
58
9,148
11, 652
758,322
56
8,708
9,182
723,978
56
9,120
9,831
749,121
54
8,019
r 8, 216
666,240
53
' 687,727
51
5,400
5,200
4,950
4,068
5,100
4,950
5,600
4,255
5,500
5,600
6,500
4,677
1,691
1,793
1,416
1,625
1,673
1,522
1,764
1,881
2,216
2,264
2,439
2,176
1,811
1,107
560
184
' 1,160
••629
' 197
942
462
116
1,046
556
190
1, 094
573
195
1,002
511
163
1,137
610
167
1,179
697
240
1,322
848
319
1,339
928
380
1,368
1,060
1,246
893
449
1,145
695
277
12.91
12.11
10.61
10.31
9.21
8.61
8.51
8.70
9.00
9.52
681,276
53
Cattle and calves:
Receipts
__thous. of animals..
Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Price, wholesale, cattle, cornfed (Chicago)
dol. per 1001b..
Hogs:
Receipts
thous. of animals..
Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder
do
Price, wholesale, heavy (Chicago)
dol. per 1001b..
Sheep and lambs:
Receipts
. . t h o u s . of animals..
Disposition:
Local slaughter
..do
Shipments, total.
_
do
Stocker and feeder
do
Prices, wholesale (Chicago):
Ewes
_
dol. per 100 l b - .
Lambs
do
M E A T S
Total meats:
Consumption, apparent-—
mills, of lb_.
Production (inspected slaughter).
do
Stocks, cold storage, end of m o n t h
do
Miscellaneous meats
do
Beef and veal:
Consumption, apparent
thous. of lb._
Exports
do
Price, wholesale, beef, fresh, native steers
(Chi.)
dol. per lb_.
Production (inspected slaughter)
thous. of l b . .
Stocks, cold storage, end of m o .
do
Lamb and mutton:
Consumption, a p p a r e n t
do
Production (inspected slaughter)
do
Stocks, cold storage, end of m o n t h . . d o
Pork (including lard):
Consumption, apparent
do
Exports, total
do
Lard
do
Prices, wholesale:
H a m s , smoked (Chicago)
dol. per lb_.
Lard, in tierces:
Prime, contract ( N . Y.)
do
Refined (Chicago)
do
Production (inspected slaughter), total
thous. of l b - .
Lard
do
Stocks, cold storage, end of m o n t h __do
Fresh and c u r e d . .
do
Lard
do
1
.53
2,500
2,532
1,817
2,045
1,875
1,759
1,785
712
29
' 1, 776
-•752
M0
1,188
628
26
1,372
666
33
1,322
550
38
1,276
482
32
1,348
512
36
1,915
1,747
1,939
1,347
562
57
1.166
572
91
1,263
673
94
516
11. 08
12.05
3,149
3,145
2,234
900
41
2,216
934
40
9.91
2,613
1,782
830
62
10.38
9.73
10.33
10.10
10.55
9.48
10.05
10.11
10.82
10.25
10.00
9.67
10.25
2,063
1,862
1,632
1,701
1,798
1,944
i,859
2,022
2,287
2,766
2,871
2,149
1,761
1,200
852
115
1,127
732
949
690
59
1,023
666
66
990
800
112
1,063
183
961
873
108
1,006
1,014
152
1,011
1,271
343
1,126
1, 597
4.50
10.25
4.34
9.97
4.62
4.81
10.75
4.56
10.97
(•)
10.38
(')
9.06
3.31
8.86
3.36
8.91
1,071
1,083
367
3.67
8.40
1,082
692
110
5.52
9.94
1,191
1,723
721
3.49
8.50
1,007
1,109
1, 245
132
1,009
1,144
698
79
844
847
689
70
942
937
675
67
961
960
957
949
650
57
1,036
1,033
641
57
1,040
1,066
665
62
1,001
997
671
73
1,075
1,029
625
75
1,195
1,210
638
77
1,059
1,242
828
95
r
1. 047
1,337
' 1,149
132
483,273
879
493,972
728
426, 553
787
439,651
1,218
485,136
1,032
474,888
1,426
501,898
1,110
523,582
1,302
528,398
1,790
558, 678 580,904
1,483
1,536
466,194
1,021
.150
.163
• 482,171
960
.168
.182
.180
.171
.149
.134
.133
469, 582
180, 955
484,406
104,447
402,142
86, 928
425,199
79, 509
459,149
65, 011
453,127
51,134
485,518
41,222
518,400
42,914
542, 249
64,255
571,787
82,806
69,305
69,570
10,486
64,298
64,140
2,824
55,016
54, 829
2,563
58, 477
58,285
2,334
52,394
51,871
1,785
47, 205
46, 721
1,282
48,107
47,971
1,122
49,457
49,833
1,478
50,815
52, 001
2,634
60,116
60, 894
3,374
454,861
12, 377
8,804
450, 560
14,929
10,117
362,070
11,268
7,514
443,486
16,403
11,461
423, 876
14,118
9,489
434,683
18,495
10,837
486, 492
18,880
11,090
467,178
16,811
7,481
422,125
12,224
6,045
595, 095 510, 943
104, 961 152, 769
65,068
67, 654
5,930
58, 904
61,443
8,450
3.83
8.47
r
521,965
193, 760
' 62,692
64, 553
*• 10, 228
455, 960 549, 324 534,078 • 502, 456
12,083
14, 784 16, 484
13,618
7.856
10, 454
9, 384
9,563
.225
.263
.243
.235
.239
.238
.240
.252
.256
.246
.225
.223
.226
.139
.144
.109
.120
.112
.118
.111
.118
.113
.120
.104
.113
.103
.113
.110
.119
.122
.129
.118
.126
.117
.125
.119
.126
.135
.139
570,173
90, 443
921, 485
739,166
182,319
595,065
96, 392
511,711
436, 042
75, 669
390,346 I 453,787
449,029
449,173
r"7, A O ^
80,534
77,024 540, 274
541,017 440,618
457, 402
9*9, 656
83, 615
499,066
87, 288
541, 904
435,130
106,774
497,956
82, 952
558, 987
441,961
117,026
b
December 1 estimate.
&£*
Ad A
66, 464
530,143
451,418
78, 725
*75,
">• £ 518
n o
526, 963
450,149
76,814
:
No quotation.
403,198
64, 362
531,409
420, 848
110,561
396,371 546,907
59, 627 80, 568
463, 404 449, 698
361,608 354,950
101,796 94, 748
' Revised.
750,815
669,115
103, 020 118,420
572,165 • 812, 700
463, 400 • 666, 891
108, 765 145,809
44
Monthly statistics through December 1935. together with explanatory notes and references
to the source of the data'may be found in the
1936 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1937
January
March 1937
1936
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
FOODSTUFFS AND TOBACCO—Continued
I
POULTRY AND EGGS
Eggs:
Receipts, 5 markets.
___tbous. of cases..! 1,076
Stocks, cold storage, end of month:
|
Case
..thous. of cases..
Frozen
thous. of lb_. 39, 515
Poultry:
23,122
Receipts, 5 markets
.do
Stocks, cold storage, end of mo
do
178, 072
TROPICAL PRODUCTS
Cocoa:
Imports
long tons.. 28, 788
Price, spot, Accra (N. Y.)
dol. per lb__
Exports from the Gold Coast and Nigeria,
Africa
long tons.. 47, 744
Coffee:
1,289
Clearances from Brazil, totaLthous. of bags..
687
To United States
do
Imports into United States
do
1,370
Price, wholesale, Rio No. 7 (N. Y.)
;
.089
dol. per lb-_
Receipts at ports, Brazil
thous. of bags..
1,437
Stocks, world total, incl. interior of Brazil, !
end of month
thous. of bags..
Visible supply, total, excl. interior of Brazil !
7,954
thous. of bags..
843
United States
do
Sugar:
Raw sugar:
!:
Cuba:
Stocks, total, end of month
489
thous. of long tons..
United States:
i
Meltings, 8 ports
long tons.. 230, 650
Price, wholesale, 96° centrifugal (New j
.039
York).
_
dol. per lb_.
Receipts:
i
From Hawaii and Puerto Rico
long tons..
189,647
Imports.._
do
160,119
Stocks at refineries, end of month..do
Refined sugar (United States):
4,567
Exports, including maple.
-long tons..
.054
Price, retail, gran. (N. Y.)
dol. per lb._
.049
Price, wholesale, gran. (N. Y.)
do
Receipts:
From Hawaii & Puerto Rico. Jong tons.
Imports:
10,834
From Cuba
..do
From Philippine Islands.
..do
590
Shipments, 2 ports
_do
Stocks, end of month, 2 ports
do
Tea:
7,544
Imports
thous. of lb._
Price, wholesale, Formosa, fine (N. Y.)
.275
dol. per ll^Stocks in the United Kingdom.-thous. of lb__
811 i
1,798 2,022
2,088
1,727
1,247
981
782
652
159
59, 722
13
46,367
807
45,848
3,039
69,172
5, 707
7,058
7,335
94,014 111,725 115,485
7,006
108, 614
5,817
96, 660
3,788
82, 029
21,433
103,833
15, 654
85, 792
15, 098
69,494
15,122
49, 324
18, 979
41, 926
22, 740
43,050
22, 683
49, 220
26, 400
65,488
27, 580
82,096
34, 434
104, 981
30, 508
.0535
32, 601
.0550
28, 549
.0536
31, 206
.0533
9.696
.0558
7,174
.0617
15, 570
.0641
18,129
.0667
22, 816
.0750
23, 012
.0843
22,564 !
.0954 l
40. 268
. 1134
61, 247
59, 819
40,114
17,025
11,063
14, 331
20, 795
20,158
17, 241
28, 074
38,263 ;
54, 571
1,563
954
1,248
1, 360
854
1,575
1,201
692
1,450
1,094
549
1,138
1,150
511
879
437
940
1,097
568
901
1,174
669
904
1,090
603
970
1,192
642
920
1,230 ;
084 ;
798 ;
1,447
889
1. 454
1,409
.068
1,496
.065
1,444
30, 650
.063
1,027
.066
1,009
.070
947
.078
1,115
.082
1,016
.081
1, 238
.081
1, 124
.085 :
1,293 '
.038
1,459
29, 606
7,832
832
7,846
1, 010
8,116
1,056
8,128
995
8,030
903
7,884
7, 754
953
7,905
862
7,815 \
690 ;
7, 822
768
1,991
2,092
755
1,108
321, 986
331,296
.033
.034
90, 223
246,005
178,176
144,017
315,164
228,493
4,867
.053
.052
1,895
.053
.052
419, 096 460,316
.036
.038
3,710
.053
.049
••651
•51,837
77,297 ! 72,999
149, 391 j r 187, 887
28, 918
8,108
8,111
1,015
1,375 1,209
1,009
844
326,152 ! 406,144 371, 268 307, 639
1,566 |
277, 352
260, 661
.037
.036
.034
128, 439
217,897
323,843
70, 839
82, 527
273,200
5,647
.054
.047
7,198
.054
.046
.037
.037
.037
197,386 176,391 171,070 158,756 146, 418 111,968
279, 852 325, 379 274, 287 305, 937 268,453 103, 264
240, 659 301,105 401,669 402, 960 450,122 390, 794
4,391
.053
.048
687
482 i
1,755
66,309
3,981
.053
.049
3,545
.054
.049
4,968
.055
.047
5,971
.055
.047
741 j
376
230, 213 I 215,168
I
.036 !
.038
76, 682
102, 207
215,500
45, 159
95, 833
123, 283
5,185 !
.052
.046
3, 696
.053
.047
5,506
15,021
14, 213
17,924
15,919
16, 445
11,016
2,189
26, 987
0
57,640
13,340
28,707
2,902
58, 820
13, 203
42,877
9,371
65, 722
11, 080
37,988
14, 501
43, 725
19,816
41, 628
4,602
37, 503
2,661
30, 251
5,668
17, 615
2,108
21, 539
2,393
12, 735
1,121
8,104
91
19, 542
2,866
6,067
5,915
8,159
6,776
5,449
5,172
5,996
6,312
9,036
9,727
5,710
8,158
.275
.275
218, 900 208,500
.275
199,200
.275
186,200
.275
194,500
.275
200, 900
.275
206, 500
.275
215, 300
.275
214, 800
20, 638
12,064
17, 603
30, 033
31,163
39,029 42, 560 43,355 45, 563 44, 351 45, 390
494, 790 273, 242 514, 664 325,882 565, 701 1,195,502
46, 241 62, 578 76. C
31,270 26,102 34,141
42,812
1,747,920
45, 074
596,139
.275
252,900
.275
.275
244, 200 232,000
3,872
4,498
li 116 I
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers.-thous. of d o L .
Fish:
Landings, fresh fish, prin. ports.thous. of lb-_
Salmon, canned, shipments
cases._!
Stocks, total, cold storage, 15th of month
thous. of lb__
Gelatin, edible:*
Monthly report for 7 companies:
Production
thous. of lb._
Shipments
__
do
Stocks
_do
Quarterly report for 11 companies:
Production
thous. of lb__
Stocks
do
TOBACCO
Leaf:
Exports
thous. of lb__
Imports, unmnfrd., incl. scrap
do
Production (crop estimate)
do
Stocks, total, incl. imported types, end of
quarter
-thous. of lb_.
Flue-cured, fire-cured, and air-eured.do
Cigar types
do
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions..
Large cigars
thousands..
Manufactured tobacco and snuff
thous. of lb._
Exports, cigarettes
thousands..
Prices, wholesale:
Cigarettes
dol. per 1,000..
Cigars
_.do.._.|
22, 584
23,192
20,120
490, 638
20,016
436,976
87, 503
64,031
45,129
1, 386
1,183
5,599
1,276
1,086
5,710
1,202
1, 031
5,880
25,068
22,123
1,318
1,159
6,038
21, 399
1,391
1,143
6,286
17, 703
1,296
1,280
6,301
41, 929
8,430
35,137
5,726
13,877
4,553
24,235
5,883
25,759
463,017
5.43
45.996
18, 485
4,120
20, 477
5,815
20, 887
5,793
5.380
45.996
5.380
45. 996
5.380
45.996
5.380
45. 996
1,078
1,280
4,840
32,776
45,597
92,702 I
94,655
1,417 j
9S2 I
5,275 !
1,297
1,175
5,397
26, 946
5,977
48,167
6,231
o, 368
7, 958
66, 238
6,129
49,453
4,697
5.380
45.996
41, 163
4. 162
>1,167,068
2, 20.5,874
1,827.624
312,135
'2,146,600
1,729,515
-•342,766
14,009
11, 869 12,025
14,801
411, 606 419, 369 452, 312 482,448
29, 474 31,326
30, 315 29, 254
8,100
29, 490 27,919
366,128 380,153
385, 525 320, 394 351, 679 428, 572
5.380
45.996
763
1,114
5,042
85,9
30,567
41,131 I
66,100 |
3,701
7,317
12, 725 10, 766 11,193
336, 579 356, 624 377,167
5.380
45.996
477
1,163
5,393
2,175,266
1,717,132
...j 371,956
2,421,162
1,949,418
374, 720
13, 436
356,996
980
1,228
5,656
8.853
5,597
8,590
35,921
5,877
1,270
1,243
6,328
84,695
30,328 !
13, 430
445, 976
14, 342
489, 293
13, 204
551, 114
11,577
489,180
13,246
371,231
26, 756
452, 731
30,096
371,146
32, 046
297, 358
26,611
361,836
26, 302
513,538
5.380
45. 996
5.380
45.996
5, 380
45. 996
5, 380
45. 996
5, 380
45. 996
*6 The quarterly report is complete for the industry; the new monthly data are for 7 companies, earlier data for which are shown on p. 20 of the February 1937 issue.
Dec. 1 estimate.
« Not available.
r
Revised.
March 1937
45
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in January January- February
the 1936 Supplement to the Survey
1936
March
April
May
June
DecemAugust SeptemOctober November
ber
ber
July
FUELS AND BYPRODUCTS
Anthracite:
COAL
Exports..
thous. of long tons..
Prices, composite, chestnut:
Retail*
_.dol. per short ton__
Wholesale—
do
Production!
_.thous. of short tons..
Shipments
_
do-_.
Stocks, end of month:
In producers' storage yards
do...
In selected retail dealers' yards
number of days' supply.
Bituminous:
Industrial consumption, total
thous. of short tons..
Beehive coke ovens
do
Byproduct coke ovens
do.
Cement mills
do
Coal-gas retorts
do.
Electric power utilities
do.
Railways (class I)
.do.
Steel and rolling mills
do.
Other industrial
do.
Other consumption:
Vessels (bunker)
thous. of long tons..
Coal mine fuel
..thous. of short tons..
Exports..
thous. of long tons..
Prices:
Retail, composite, 38 cities
dol. per short ton
Wholesale:
Mine run, composite
do..
Prepared sizes, composite
___do-_
Productiont
thous. of short tons..
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons..
Industrial, total
do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts
do
Electric power utilities
do
Railways (class I)
do_
Steel and rolling mills
_
do.
Other industrial
,
do.
Retail dealers, total
do.
COKE
Exports
thous. of long tons..
Price, beehive, Connellsville (furnace)
dol. per short ton-.
Production:
Beehive
thous. of short tons.
Byproduct
_do
Petroleum coke
do
Stocks, end of month:
Byproduct plants, total
do
At furnaces
do
At merchant plants
do
Petroleum coke
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption (run to stills).-.thous. of bbl..
Imports
do
Price (Kansas-Oklahoma) at wells
dol. per bbL.
Production
thous. of bbl..
Refinery operations
pet. of capacity-.
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbL.
Light crude
do
East of California, total
do__-.
Refineries
do
Tank farms and pipe lines
do
Wells completed
number.
Refined petroleum products
Gas and fuel oils:
Consumption:
Electric power plants
thous. of bbL.
Railways (class I)
__do
Vessels (bunker)
do
Price, fuel oil (Oklahoma)._ ..dol. per bbL.
Production:
Residual fuel oil
thous. of bbL.
Gas oil and dist. fuels
do....
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbL.
Gas oil and dist. fuels
do
Gasoline:
Consumption, domestic
thous. of bbL.
Exports
_.do
Price, wholesale:
Drums, delivered (New York)
dol. per galRefinery (Oklahoma)
do
Price, service station, 50 cities
do
122
9.827
4,025
3,673
80
188
141
11.76
9.981
r 5, 333
10. 015
' 6,975
5,934
10.001
••3,061
4,865
189
101
11.61
9.707
' 4, 773
4,217
r
9.283
5,121
4,274
100
9.327
«• 4, 306
3,516
2,429
1,833
369
528
1,217
853
1,240
458
19
96
91
11.20
9.452
' 3, 925
3,345
T
9.564
3, 503
2,917
1,992
2,347
77
62
1,556
59
23
27, 798
225
4,765
129
190
3,265
7,918
1,166
10,140
27, 670
242
4,522
130
182
3,195
8,118
1,181
10,100
25,821
174
4,688
198
182
2,896
7,392
1,091
9,200
25, 217
140
4,993
341
164
2,711
6,841
1,157
8,870
24,442
134
5,408
454
162
2,801
6, 596
1,077
7,810
24, 052
148
5,325
472
154
3,153
6,255
1,045
7,500
24,950
177
5,332
507
148
3,564
6,501
1,011
7,710
25, 427
205
5,548
550
149
3,662
6,546
1,037
7,730
26,063
262
5,499
534
153
3,654
6,782
1,059
8,120
128
330
344
348
323
87
366
321
101
276
308
268
462
116
252
1,103
122
260
914
124
283
1,035
134
294
1,174
134
329
954
4.218
4.497
40, 940
4.320
4.547
39, 795
4.359
4.683
' 41,154
35,177
8,031
260
281
7,415
7,332
1,368
10, 490
33, 052
25, 752
4,640
259
436
5,983
5,193
901
8,340
7,300
29, 542
23,342
3,845
258
380
5,637
4,774
858
7,590
6,200
.13
8.57
1
9.914
4, 334
3,783
2,473
2,515
2,259
0)
0)
0)
CO
0)
0)
(0
0)
0)
0)
0)
0)
0)
0)
(0
0)
0)
0)
9.857
4, 608
3,942
r
164
151
1,201
1,222
0)
28, 083
22,133
3,431
236
350
5,509
4,840
817
6,950
5,950
26, 596
21,446
3,515
256
211
5,613
4,674
807
6,370
5,150
28,073
22, 573
4,064
251
228
5,645
4,521
874
6,990
5,500
28,753
22,953
4,565
250
245
5,548
4,351
874
7,120
5,800
30.126
23, 726
5,302
236
275
5,473
4,254
916
7,270
6,400
31,995
417
6,242
418
157
3,759
8,229
1,283
11,490
132
371
494
0)
8.31
8.53
4.303
4.289
4.217
4.229
4.228
4.347
4.227
4.228
4.289
4. 557
4.340
4.303
4.346
4.551
4.612
4.428
4.498
4.302
31, 527 • 30, 454 • 28, 684 • 29, 217 • 32, 005 • 33, 086 • 37,192 • 43, 321 • 41, 879
32,071
25,171
5,982
257
267
5,744
4,304
947
7,670
6,900
34, 575
27,235
6, 562
241
283
5,933
4,963
973
8,280
7,340
0)
0)
0)
0)
(0
0)
0)
0)
()
0)
0)
0)
0)
0)
0)
0)
0)
(0
4,233
4.548
45, 756
r
35, 026
8,535
263
295
7,162
6,847
1, 264
10, 660
27
43
44
24
20
34
62
67
69
60
44
4.000
3.575
3.575
3.575
3.575
3.575
3.575
3.550
3. 575
3.875
3.875
3.875
3. 933
272
4,358
142
3,309
120
153
3,141
108
109
3,257
105
109
84
3,753
113
93
3,695
122
111
3,718
120
128
3, 866
121
164
3,831
123
237
4,071
117
240
4,048
111
261
4,348
109
1, 533
464
1,069
2,110
759
1, 351
360
1,274
614
660
334
1,444
632
812
360
1,586
567
1,020
367
1,695
581
1,114
382
1,702
597
1,104
382
1,816
651
1,165
399
1,986
670
1,316
409
2,034
650
1,383
423
1,886
578
1,308
1,806
519
1,287
400
1,684
487
1,197
389
i
945
1.125
85, 776
2,256
81, 523
2, 758
85, 286
2,183
84, 545
2,865
90, 637
89, 003
2,872
91, 709
2,591
93, 444
2,871
90, 872
2,629
93,146
2,956
89,142
2, 662
93, 051
3,001
1.015
88, 820
74
1.040
82, 120
76
1.040
90, 568
75
1.040
90, 479
76
1.040
93, 739
79
1.040
90,185
80
1.040 j 1.040
92,078 i 95,090
80 ,
81
i
1.040
90,972
80
1.040
95, 795
80
1. 040
91,018
79
1.040
97, 652
80
63, 341
536
39, 856
275
436 266, 092
51, 741
686
750 214,351
995
1.287
63, 729
39, 338
268, 560
53, 053
215, 507
1,557
63, 792
38, 878
268,650
53,989
214. 661
1,567
64,564
63, 717
64,382 j 64,825
37,856
35, 476
34,123
36, 781
265, 554 262, 013 258,685 253,969
53, 628
53, 221
51, 691
50, 469
211,926
!, 792 ! 206,994 203, 500
1, 654
1,788 i
1,566 1,661
64, 745
33,901
250, 724
49,604
201,120
1,779
64, 836
33, 815
247, 452
48, 503
198, 949
1,625
65, 481
34, 189
246, 409
49, 823
196, 586
1, 525
1,014
3,864
3,184
1,260
4,627
2,724
.750
r 1,343
4, 522
1, 868
.765
r
62,802
40, 640
265,195
48, 789
216, 406
1,199
1,681
2. 540
.775
2, 505
.142
.057
63,
40,
263,
47,
215,
1,093
3,827
2, 590
.756
j
i 1,124
I 3, 795
! 2,690
i
.800
975
3,878
3, 005
.800
995
3,810
2, 643
.800
10, 587
23, 751
11, 125
23, 667
10, 262
23, 062
9,553
23, 925
22, 499
10,169 I 9, 567
23,144 i 23, 287
10,323
10, 627
23,154
10, 095
25, 285
10,266
23,671
11,201
25, 670
11,875
20, 281
17,418
18, 027
15,322
17, 529
15, 746
16, 996
17,031
18, 293
19, 910
18, 506
22, 475
19, 525
24,814
20, 379
27, 645
20,182
27, 871
20, 536
27, 659
20, 255
26,414
18,718
22,719
32, 553
2,308
27, 216
1,435
35,871
1,404
38, 825
2,140
42, 007
2,368
44, 630
1,755
46, 638
2,167
46, 081
2, 029
44, 346
2,216
44, 253
1,902
30,919
2, 212
39, 393
1,768
.154
.060
.142
. 165
.061
.142
.165
.060
.139
.165
.060
.143
.165
.060
.143
.155
.060
.142
.150
.057
.140
. 150
.058
. 141
.165
.060
.143
1,156
3,811
3,193
.785
1,228
4,006
2,992
.763
j
1,313 1, 256
!
3,919 4,058
| 2,897
3,248
! .750
.750
.150
.059 j
. 142 I
i D a t a will be s h o w n w h e n available.
r
Revised.
* New series. Data for period 1929-36 are shown on p. 20 of the February 1937 issue.
t Revised series. Series revised for years 1935 and 1936. Revisions not shown above will be published in a subsequent issue.
r
129
11.81
9,905
* 4, 947
4,317
57
31
31, 278
435
6,262
325
157
3,477
8,121
1,231
11, 270
8.58
126
139
120
11.62
9.721
r 3, 874
3,440
.150
.055
.141
.150
.056
.140 i
1,346
4, 840
2, 375
46
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in
January January
the 1938 Supplement to the Survey
March 1937
1936
February
March
April
May
June
July
August
ber
October
November
December
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS-Con.
Refined petroleum products—Continued.
Gasoline—Continued.
Production:
At natural gas plants
thous. of bbl._
At refineries
do
Retail distribution^
thous. of gaL_
Stocks, end of m o n t h :
Finished gasoline, t o t a l . . - t h o u s . of b b l . .
At refineries-.
do
Natural gasoline
do
Kerosene:
Consumption, domestic
thous. of bbl_.
Exports
do
Price, water white 47, refinery, (Pennsylvania)
dol. per g a L .
Produetion
thous. of bbl__
Stocks, refinery, end of m o n t h
do
Lubricants:
Consumption, domestic
do
Price, cylinder, refinery (Pennsylvania)
dol. per gaL_
Production
thous of bbl_.
Stocks, refinery, end of m o n t h
do
AsphaltImports
thous. of short t o n s . .
Production
do
Stocks, refinery, end of m o n t h
do
Wax:
Production
thous. of 1b
Stocks, refinery, end of m o n t h
do..
3,275
3.355
3,653
3,196
3,378
3,265
3,217
3,507
39, 902
39,544
37,176
38, 764
41,951
41,612
43, 500
44, 568
1,291,571 l,087,7S9 1,447,765 1,559,036 1,716,365 1,809,046 1,942,000 1,886,424
608
.052
.160
3,584
3,830
3,816
44, 024
35, 887
43,138
1,812,215 1,790,901 1,643,946
3,965
44, 658
55,917
36,15S
3,936
65, 061
44,612
4,218
67, 128
45, 799
4,553
66, 552
44, 361
5,058
64,675
42, 527
5,664
60, 519
39, 050
5,829
55,922
35, 062
5,846
53, 040
33,417
5,653
51, 394
31, 230
4,945
51, 238
31, 936
4,555
52, 509
33, 242
4,153
56, 353
37, 057
4,055
5, 569
473
4,785
455
4, 098
435
3,914
512
4, 035
380
3,075
664
3,019
474
3,218
607
4,305
590
4,370
565
4,043
841
6,148
666
.051
4,761
6, 599
. 055
4,445
5, 784
.055
4,741
5,974
.056
4,953
6,496
.056
4,626
6,681
.055
4, 376
7,296
. 052
4, 455
8,228
.049
4,297
8,690
.050
4,428
8,217
.050
4,712
7,976
.050
4, 788
fi, 966
.051
5,500
5, 633
1,396
1,520
1, 863
2,197
2,028
1,969
2,123
1, 851
2,059
1,911
1,938
1,821
.120
2,309
7,127
.126
2,204
7, 385
.135
2,515
7,137
.139
2,687
7,044
.149
2,768
6,884
.154
2,509
6,799
.155
2, 626
6.620
.155
2,668
6,730
. 155
2,567
6,544
.151
2,632
6,576
.150
2,653
6,628
. 155
2, 767
6,942
1
193
461
1
179
1
261
526
1
319
520
4
377
542
3
407
546
1
426
488
1
491
389
3
468
305
2
475
302
1
344
330
2
244
368
44, 800
118,636
36, 120
118,312
42, 280
119,684
39, 480
121,857
40, 320
121,416
38,920
117,362
34, 720
118, 257
35, 000
116, 888
34. 440
113,359
42,840
113, 049
42,840
119, 307
41,160
115, 434
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb__
Calf and kip skins
do
Cattle hides..
_ _
do
Goatskins
do __
Sheep and lamb skins
do
Livestock (inspected slaughter):
Calves
-thous. of animals.
Cattle
do
Hog*
do
Sheep- _ _
_
__do
Prices, wholesale (Chicago):
Packers heavy steers
dol per lb
Calfskins, packers', 8 to 15 lb
do
LEATHER
Exports:
Sole leather
__ _ _
thous. of lb
Upper leather
thous. of sq. ft__
Production:
Calf and kip
_ _ thous. of skins
Cattle hides
thous. of hides
Goat and kid
thous. of skins
Sheep and lamb
_
_do_ _
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb__
Upper chrome calf B grade, black, composite
dol. per sq. ft_.
Stocks of cattle hides and leather, end of month,
total
thous. of equiv. hides
In process and
finished
do
Raw _
do
23,363
1,575
10,554
5,791
2,375
28,264
2,390
12, 768
6,042
3,499
26,255
2,035
13, 498
5,573
3,265
28,963
1,354
13, 063
8,506
4,668
28,116
1,215
12, 613
7,911
4,809
25, 216
2,336
10, 296
8.292
2,549
27, 690
1, 434
13,145
5,690
5, 989
26,050
2,015
10. 869
6,452
4,792
23,013
1,068
12, 004
5,024
3, 521
22, 442
1,967
9,429
5,183
4, 354
20, 617
1,571
7,325
5,593
4,077
23, 838
1, 421
12. 465
4, 368
4 172
484
867
3 519
1,700
465
906
3, 428
1,540
405
742
2,319
1,314
483
763
2,617
1,374
525
812
2,559
1,267
503
786
2,579
1,213
517
853
2,759
1,309
523
928
2,692
1,352
541
1,012
2,254
1, 395
553
1,071
2,403
1,593
585
1, 124
3, 492
1,742
477
988
4 29 9
1, 544
494
987
4 681
1. 573
.162
.223
.150
.191
.146
.180
.130
.181
.130
.188
.123
.171
.125
.177
.124
.170
.131
.174
.147
.172
.149
.177
.153
.201
.156
.215
264
6,385
146
5,284
210
5,044
310
5,234
410
5, 107
368
5,566
110
4,180
241
4,846
144
4,787
176
5,973
300
6,116
296
4,872
133
6, 807
1,195
1,943
4,168
3,135
1,002
1, 856
3,757
3,125
960
1,908
3,786
2,824
1,046
1,844
4,018
2,925
998
1,693
3, 990
2,897
1,199
1,657
4,055
2,849
1,289
1,834
3,989
3,237
1,158
1,866
3,900
3,391
1,051
1,806
3,947
3.059
1,083
2,049
3,862
3,692
966
' 2, 008
3, 663
3,314
1, 180
2, 148
4,315
3,494
.400
.385
.365
.360
.360
.355
.330
.330
.330
.350
.360
.370
.390
.416
.382
.380
.378
.380
.380
.378
.370
.372
.378
.379
.383
.399
17, 789
11,576
6,213
17, 786
11, 568
6,218
17, 797
11, 655
6,142
17, 845
11, 734
6,111
17, 827
11, 779
6,048
17, 941
11,874
6,067
17, 687
11, 676
6,011
17, 456
11,417
6,039
17,198
11,118
6,080
17,190
11,245
5,945
r 17, 436
11, 522
' 5,914
17, 391
11, 503
5,888
147,776
82,884
64,892
1 S3, 485
109,573
73,912
205, 081
117,791
87,290
203,126
117,320
85,806
201,375
121, 661
79, 714
203, 250
126,406
76,844
220, 474
139.173
81,301
242,741
153, 229
89,512
245,115
156,140
88,975
274,853
179, 561
95, 292
242,106
152, 627
89,479
206, 559
119,049
87, 510
43
97
188
104
106
112
82
103
149
134
90
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50"
3.15
5.50
4.50
3.15
40, 975
204
' 165
255
33, 241
' 1, 603
'1,877
' 3, 399
' 9,546
16,815
' 39,916
252
'229
229
' 31,152
' 1, 771
' 1, 969
' 3, 388
' 10,072
' 13, 953
r 30, 343
'216
' 303
' 187
' 22,171
'1,376
' 1, 753
' 2, 676
' 8, 381
' 7, 984
33, 381
258
239
463
26,841
1,459
1,890
3,123
9,266
11,103
' 6,146
'964
' 7,163
'891
' 6, 628
838
4, 449
1,131
29,
2.
14.
6.
4
722
393
142
552
705
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs..
Dress and semidress
do
Work .
do
Shoes:
71
Exports
thous. of pairs
Prices, wholesale, factory:
5. 50
Men's black calf blucher
dol. per pair..
4.50
Men's black calf oxford
do
3.15
Women's colored blucher
do
Production:
Total boots, shoes, and slippers
thous. of pairs. _ p 37,086
Athletic
_ _
_do._ .
All fabric (satin, canvas, etc.)
do._ .
Part fabric and part leather
do
High and low cut, total
do
Boys' and youths'
do._ _
Infants'.-.
do
Misses' and children's
_
do
Men's
___
. . __ do
Women's
do
Slippers and moccasins for house wear
thous. of pairs .
All other footwear
do
5
Preliminary.
r
Revised.
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
' 33,355 ' 33,047
156
165
277
••255
'359
'338
' 29,531 ' 28, 640
' 1,131
' 1, 269
r 1, 929 ' 1, 723
' 3, 334
' 3,044
' 9, 051
' 8, 332
' 13,948 ' 14,410
' 34, 832
187
••270
••416
' 29, 602
' 1, 266
'1,941
' 3, 293
' 8, 254
' 14, 841
r 33, 398
196
r 301
••342
' 27,929
' 1, 223
' 1, 958
' 3, 185
' 8, 057
' 13, 505
' 30, 264
207
'313
r 314
' 24, 551
' 1, 033
' 1. 589
' 2, 493
' 7, 229
' 12,206
' 29, 371
209
'249
246
' 23, 562
'1,311
' 1, 661
' 2, 379
' 7, 574
' 10, 638
' 35, 678
217
'144
190
>• 29, 598
' 1, 561
'1,600
' 3, 065
' 8, 724
' 14, 648
' 2,806
' 1, 551
' 2, 976
' 1, 654
' 3, 253
' 1, 627
' 3, 801
' 1, 304
' 4, 590
'' 938
5.50
4.50
3.15
' 1, 875
' 1,178
'2,315
' 1,314
5.50
4.50
3.15
5.50
4.50
3.15
' 40, 668 '
221
'147
'231
' 33, 851 '
' 1, 567
' 1, 720
' 3, 467
' 9, 297
' 17, 801 '
' 5,308
'911
83
1 Number of States reporting varies slightly from month-to-month, but the comparability of the series is not seriously affected.
47
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in
January January Februthe 1936 Supplement to the Survey
ary
1936
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
LUMBER AND MANUFACTURES
LUMBER—ALL TYPES
Exports (boards, planks, etc.)
M ft. b. m_.
National Lumber Mfers. Assn.:
Production, total
mill. ft. b. m_.
Hardwoods
do
Softwoods
do
Shipments, total
do
Hardwoods
do
Softwoods
do
Stocks, gross, end of month, total
do
Hardwoods
do
Softwoods
.do
Retail movement (yard):
Ninth Federal Reserve District:
Sales
M ft. b. m_.
Stocks, end of month
do
Tenth Federal Reserve District:
Sales
do
Stocks, end of month
do
63,169
83,150
66, 073
90, 328
96, 053
8C,904
83, 255
95, 230
85,813
82,409
89, 934
G2, 036
51, 803
1,537
246
1,290
1 722
'294
1,428
7,250
1,777
5,479
1,490
229
1,261
1,569
238
1,331
7,203
1,905
5,298
1,353
215
-1,138
1,467
238
1,229
7,103
1,882
5.221
1,587
244
1,343
1,688
281
1,407
6,998
1,843
5,155
1,865
253
1, 613
1,932
267
1,665
6, 933
1,836
5,097
1,891
253
1,638
1,821
259
1,562
7,013
1,832
5,181
1,896
273
1,623
1,846
257
1,589
7,060
1,845
5,215
2,055
282
1,773
1,915
259
1,655
7,200
1,866
5,334
1,990
283
1,706
1,867
267
1,600
7,358
1,883
5,476
1,978
285
1, 694
1,963
274
1,689
7,374
1,887
5,488
2,156
281
1,875
2,169
291
1,878
7,370
1,874
5,496
1,649
252
1,397
1,608
279
1,330
7,429
1,849
5,580
1, 677
249
1,428
1,757
262
1, 495
7,451
1,835
5,616
4,264
79,170
3,677
70,834
2,374
77, 713
4,329
81,490
7,210
81,851
10,227
79,392
13,192
72, 456
11,827
77, 794
10,726
63, 934
4,785
' 67, 976
2,884
29, 794
2,168
32,069
3,752
32, 396
4,191
32,143
3,627
32, 426
3,437
32,459
3,840
31,894
12,842
72,208
3,536
31, 349
14, 355
67, 785
2,047
32,079
12,042
74,909
4,137
31,445
4, 648
30, 756
3,991
30,197
3,408
31, 299
M ft. b. m..
do
do
do
do
8,900
21,300
7,300
8,100
20,800
8,900
11,900
5,600
5,100
27,900
7,900
14,300
5,400
5,450
27, 550
12,700
20,100
5,900
6,900
26, 550
5,900
18, 500
7,200
7,500
25,400
4,300
15, 500
5,850
7,300
24,000
6,500
14, 600
6,200
7,850
22,350
7,050
13,000
7,000
9,000
20,500
8,300
12, 400
7,900
8,500
21,000
10,100
13, 600
8,600
9,000
21,000
7,400
12, 600
9,000
8,500
21,500
6,800
12, 900
7,350
7,050
22, 500
15, 500
19, 700
8,100
8,900
21, 700
do...
do
do
do
do
30, 569
65,838
34, 012
38,847
60,805
30, 204
35, 301
22, 783
20,395
61,365
40, 675
52,892
21,831
23, 081
60,115
19,381
43,793
27, 607
28,479
58, 683
19, 211
33, 521
30,761
29,483
59,961
23, 622
28, 564
30, 273
28,579
61,655
30, 576
27, 523
32, 031
31,617
62,069
29, 463
26, 863
32,980
30,123
64,926
32,953
29,408
30, 872
30,408
65,390
40, 671
36, 647
32, 378
33,432
64,336
39, 210
41, 922
33, 864
33,935
64, 265
56, 471
68, 405
31,752
29,988
66,029
41, 589
74,116
35, 489
35, 878
65, 640
1, 723
52
24,199
23,456
19, 542
19, 455
23,498
12,985
40, 462
23,371
28,714
14, 612
27,331
18,312
32,063
23, 629
27, 670
19, 456
2SV 920
31,776
21, 248
2,509
1,465
3,505
62
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
SOFTWOODS
Fir, Douglas:
Exports:
Lumber.
__M ft. b. m_.
Timber
do
Prices, wholesale:*
No. 1, common boards.dol. per M ft. b. m_.
Flooring, 1 x 4 , " B " and better, v. g.
dol. per M ft. b. m.
Southern pine:
Exports:
Lumber
M ft. b. m.
Timber
do
Orders:
New
mill. ft. b. m.
Unfilled, end of month
do
Price, wholesale, flooring
dol. per M ft. b. m .
Production
mill. ft. b. m.
Shipments
do
Stocks, end of month...
do
Western pine:
Orders:
New
do
Unfilled, end of month
do
Price, wholesale, Ponderosa pine, 1x8 no. 2,
common (f. o. b. mills).dol. per M ft. b. m.
Production
mill. ft. b. m .
Shipments
do__.
Stocks, end of month
do
West Coast woods:1
Orders:
New
mill. ft. b. m .
Unfilled end of month
.do
Production
do
Shipments.._
do
Stocks, end of month
do
Redwood, California:
Orders:
New
_M ft. b. m_.
Unfilled, end of month
__.do
Production
do
Shipments
do
22, 625
20. 825
18.130
18.498
18.620
19.600
19.845
20.090
20.090
19. 845
19.502
43, 610
43.610
43.978
44.100
43.855
43.120
42.728
41.160
40.180
40.964
19. 600
20. 286
41.160
42. 532
19. 600
41.160
25, 265
5,163
21, 983
7,072
18, 506
10, 261
28, 913
6,184
22,893
7,506
21,487
6, 890
740
574
530
414
465
419
575
439
520
399
515
359
41.68
640
675
1,495
36. 61
487
485
1,632
37.01
453
460
1,625
36.78
510
555
1,580
37.63
540
560
1,560
327
445
314
272
224
271
334
302
321
306
25.77
179
314
1,657
23.46
' 158
'254
' 1, 561
23.71
'150
'230
' 1, 481
23.89
'224
'282
' 1, 423
440
1,021
354
326
1,357
624
605
552
519
1,181
424
563
461
466
1,176
498
547
521
483
1,199
645
509
666
684
1,181
491
470
559
530
1,210
469
415
513
524
1,199
572
393
594
594
1,199
558
462
515
490
1,225
48,393
81, 663
35,108
27, 622
29,579
35,818
31,318
27,068
24,054
44, 489
32,185
24,711
32,979
43, 049
37,318
34,327
41, 535
49,143
37, 584
35, 562
31,157
44,213
37,763
35, 207
29,813
39, 251
38, 700
37,433
30,603
37,172
35,434
30,992
81.5
60.0
58.0
58.0
59.0
59.0
65.0
5.0
29
3.0
19
9.0
12
10.0
13
6.0
9
5.0
18
5.0
12
22, 826
6, 358
25, 463
5,137
19, 836
4,224
19,955
6,587
24,797
4,213
25, 322
4,310
17,822
5,573
520
560
324
650
600
374
645
374
630
409
750
509
37.40
550
555
1,555
37.37
545
550
1,550
36.52
590
565
1,575
36. 61
585
590
1, 570
37.29
595
610
1,555
38.31
625
645
1,535
38.59
615
595
1,555
39.28
625
650
1, 530
401
340
382
324
379
335
468
361
428
321
455
325
393
329
429
442
23.91
'471
'454
1, 876
24.28
'365
'362
' 1,879
24. 46
264
351
1,792
530
452
516
539
1,202
726
520
679
658
,223
418
661
336
277
1,282
642
907
444
396
1,329
32, 201
36,608
38,939
33,477
34, 426
33, 781
38,928
36,390
34, 327
33,000
41,884
33,814
32, 668
39,873
34, 564
25,998
45, 013
60, 503
31,119
24,382
18.0
74.0
81.0
86.0
85.0
82.0
3.5
23
3.0
21
5.0
23
5.0
20
5.0
26
10.5
15
23.77
23.83
'432
'322
'363
'319
' 1, 427 ' 1, 495
23.79
23.78
'516
'491
'397
'384
'381
' 1, 577 ' 1, 687 r 1, 806
23.82
23.92
'477
'424
' 1, 859 '
FURNITURE
All districts:
Plant operations
percent of normal..
Grand Rapids district:
Orders:
Canceled.
percent of new orders..
New
no. of days' production..
Unfilled, end of month
no. of days' production..
Outstanding accounts, end of month
no. of days' sales..
Plant operations
percent of normal..
Shipments
no. of days' production..
Prices, wholesale:
Beds, wooden
1926=100..
Dining-room chairs, set of 6
....do
Kitchen cabinets
do
Living-room davenports
do
Steel furniture (See Iron and Steel Section).
•• Revised.
• New series.
44
18
16
13
11
30
78.0
27
22
57.0
12
22
57.0
12
24
57.0
13
22
54.0
11
20
56.0
11
21
58.0
11
76.6
97.0
82.5
94.0
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
Data for period 1922-36 are shown on p. 19 of the February 1937 issue.
H Data for April, July, October and December are for 5 weeks; other months, 4 weeks.
30
33
33
39
31
25
60.5
15
25
63.5
16
30
73.0
18
31
76.0
19
30
78.5
17
31
77.0
19
67.9
84.0
83.5
87.5
70.4
84.0
83.5
87.5
71.1
84.0
83.5
87.5
70.5
85.5
83.5
87.5
71.7
85. 5
83.5
88.9
76.0
85.5
83.5
88.9
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in January January Februthe 1938 Supplement to the Survey
ary
March 1937
1936
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports (domestic)
long tons..
Imports
do
Price, iron and steel, composite
dol. per long ton_Ore
Iron ore (Lake Superior dist.):
Consumption by furnaces
thous. of long tons..
Shipments from upper lake ports
do
Receipts:
Lake Erie ports and furnaces
do
Other lower lake ports
do
Stocks, end of month, total...
_..do
At furnaces
_
do
Lake Erie docks
do
Imports
do
Manganese ore, imports (manganese content)
thous. of long tons.-
201,511
43, 063
241,568
50, 489
213,802
43,358
264,337
56, 720
301,987
49, 277
314,950
59,391
294,951
59, 910
296,738
47,940
36.55
33.34
33.48
33.21
33.10
32.92
32.79
33.49
33.88
34.15
34.63
34.65
35.15
4,694
0
2,952
0
2,632
0
0
3,485
19
3,882
5,050
3,763
6,608
3,826
7,160
3,969
7,444
4,027
7,481
4,385
7,301
4,269
3,758
4,551
0
0
0
26,747
22,986
3,761
186
0
0
28,404
23,434
4,970
154
0
0
25,809
20, 904
4,904
125
0
0
22,933
18,199
4, 734
132
0
9
19,370
15, 240
4,130
177
2,651
1,409
19,242
15,269
3,974
199
4,692
1,931
23,107
18,017
4,045
170
5,064
2,148
25,211
21,194
4,017
198
5,120
2,005
28,158
24,008
4,150
234
5,383
1,904
31, 978
27,555
4,422
258
5,388
1,989
35,156
30, 377
4,780
193
3,014
1,430
35, 378
30,460
4,918
204
62
37
31,402
27,022
4,380
189
29
56
30
23
19
29
21
41
36
40
37
54, 070
53, 638
674
51, 754
43,852
48,198
57.1
43,386
38,278
40, 611
49.9
39, 384
48,008
45,536
55.9
46,823
47,933
50,954
62.6
51,840
44,136
45,027
55.3
48,854
42,848
43,766
53.9
46,489
41,031
44,413
53.3
46,158
45,179
42, 253
52.0
35,554
44, 361
46,552
57.0
40,194
55, 521
51,778
61.9
48, 338
58,152
50, 934
62.3
50, 041
104,060
170
63,660
117
64, 550
120
68, 395
126
84,915
144
86,030
146
85, 405
145
83, 720
146
88, 075
148
94,140
155
97, 740
161
99, 205 ' 102,195
164
170
20.50
21.30
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.96
19.00
19.86
19.00
19.80
19.00
19.80
19.25
20.00
20.00
20.82
I
21.39 I
2, 648
21.39
2,586
21.39
2,594
21.39
2,712
21-39 21.39
2, 730
2,992
21.64
2, 947
22.39
3,115
3,339
3,195
41,160
3,066
3,905
40, 314
3,020
3,634
39, 723
2,748
5,202
31,681
2,584
3,562
29, 965
295,341 235,764
60, 697 59,993
261,882 203, 297
64, 509 61,970
244,173
52,484
Pig Iron and Iron Manufactures
Castings, malleable:
Orders, new..
short tons..
Production..
do
Percent of capacity
Shipments
short tons..
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day._
Number
Prices, wholesale:
Basic (valley furnace)...dol. per long ton..
Composite pig iron
do
Foundry, no. 2, northern (Pitts.)
dol. per long ton..
Production
thous. of long tons..
Cast-iron boilers and radiators:
Boilers, round:
Production.
thous. of lb__
Shipments
do
Stocks, end of month
do
Boilers, square:
Production
do
Shipments
_.
do
Stocks, end of month...
do
Radiators:
Convection type:
Sales, incl. heating elements, cabinets,
and grilles
thous. sq. ft. heating surface..
Ordinary type:
Production
do
Shipments
.do
Stocks, end of mo.
...do
Boilers, range, galvanized:
Orders:
New
number of boilers..
Unfilled, end of mo., total
do
Production
do
Shipments
do
Stocks, end of month
do
Boiler and pipe fittings:
Cast iron:
Production
short tons..
Shipments
do
Malleable:
Production
__do
Shipments
.do
22.89
3,212
21.39
2,026
21.39
1,824
21.39
2,040
21.39
2,404
3,123
2, 244
30, 090
2,977
3,120
34,106
3,343
2,437
35, 053
3,954
1,664
37, 738
3,456
1,683
35,429
24, 084
13, 616
135, 356
17, 599
13, 786
114, 696
18,454
11,955
121, 258
17, 957
8,984
129,933
18,176
11,129
127, 274
229
278
3,639
2,243
44, 882
19, 043
21, 625
13, 552 i 19, 523
150,558 j 143,991
4,793
5,809
38, 706
4, 256
8,633
34, 388
67, 035
61, 674
73.5
57, 609
24, 867 27, 265 29, 062 32, 748 22,992
23, 821
29, 200 24, 658 33, 549 45,960 28, 642
19, 765
139, 619 142, 225 137, 671 123,005 122,143 ' 125,090
!
293
223
551
613
803
755
6,821
8,027
39, 223
7,487
7,785
39, 246
7,917
9,190
38, 216
73, 967 115,834 89,192
27, 279 64, 671 50,064
74, 242 80, 036 103, 208
72,921
78, 442 103, 799
38,161
39, 755 39,164
91,142
44, 518
96, 757
96, 688
39, 233
750 |
789
4,733
4,183
30, 243
4, 951
3, 086
32, 224
5,046
2,720
34, 779
6,345
3, 549
36,997
6,253
5,931
4,175
5,590
40,368 I 40,179
70,
25,
65,
77,
37,
890
545
409
344
690
62,143
25, 382
65, 658
62, 306
41, 042
62,
26,
64,
61,
43,
649
094
227
937
332
57, 631
20,177
65, 773
63, 548
45, 557
25, 581
60, 352
61, 194
44,715
8,818
8,542
5,730
5,194
5,107
5,217
5,721
5,325
6,032
5,940
5,768
5,923
5,981
6,132
6,414
7,690
7,160
9,529
8,211
9,613
10,170
5,544
5,952
3,970
3,393
3,982
3,475
3,817
3,663
4, 296
4,201
4,196
4,442
4,173
4,202
4,233
4,404
4,225
5,697
5,200
5,454
5,639
5,794
Sanitary Ware
Plumbing and heating equipment, wholesale
price (8 pieces)
dollars.. 223. 86
Porcelain enameled flatwear:
Orders, new, total
_
d o — 940, 668
Signs
do
224, 042
Table tops
do
228, 077
Shipments, totaL_
do
1,003,919
Signs
do
263, 992
Table tops
do
260,120
209. 50
212. 25
212. 31
212.19
221. 80
221. 80
773,108
283,239
197,974
666,820
172, 813
194, 726
7, ISO
4, 572
37,069
122, 930
103,694
100. 364
103,185
40, 505
786,380
223, 994
196, 817
727,162
169,453
187, 073
212.10 I 212.11
877,598 1,088,105 1,005,791
206,115 265, 338 265,199
154.291 238, 447 187, 662
908,433 1,076,233 1.002,735
220,427 315, 556 281, 205
176, 295 205,747 189, 980
951,022
284,068
210, 834
978,254
284,574
234, 884
1,027,198 1,105,921
292, 762 257,132
294,246 ___,__.
355,827
1,055,713 11,087,682
298, 549 285,935
310,063 310, 583
7,689
7,444
33, 020
151,230 91,317
' 57, 842 r 39, 310
133,848 111,534
137, 906 109, 849
' 35? 175 r 36, 860
129, 644
83, 949
91,451
85, 028
43,326
221.95 | 222. 12
1,119,943
235, 617
287, 987
1,192,520
316,116
338, 500
633
7,111
9,475
34, 032
9,914
12, 452
35,990
1,139,842
201. 245
325. 894
1,298,152
295, 440
385. 569
8,902
8,134
9,193
7,365
5,270 '
4,618 :
5,601
4,584
222.35 I
222.47
1,025,742 11,255,817
257,344 j 319,452
240,369 ! 306,329
109,110
911,011
285,187
214,742
320, 743
221,318
Steel, Crude and Semimanufactured
|
Castings, steel:
Orders, new, total
short tons.. 114, 959 59,019 51,701 71,341 83,188 63,950 94, 345 74,011 59,393 56, 877 59, 431 76,304 I 159,430
96.4
49.5
43.4
59.8
69.8
79.1
53.6
62.1
49.8
49.8
64.1
!
47.7
133. 7
Percent of capacity...
Railway specialties,
short tons.. 62,102 22, 542 16,650 32, 542 45,942 25, 755 52,466 34,443 21, 455 16, 686 17, 962 35.714 ; 85, 076
89, 649
44, 298
64, 246 70,323
47, 954
51, 674
63,087
78, 654 81, 574 76, 617 74, 775 63. 874 ; 83, 615
Production, total
do
:
53.9
75.2
37.1
40.2
43.3
52.9
59.0
62.7
66.0
68.4
64.2
70. 1
57.8 .
Percent of capacity.
do
35, 309
Railway specialties..
_..short tons.. 40,867 13,373 15,830 17, 385 24, 712 25,857 30,802 34,858 36,826 34, 304 30, 006 28,094
Ingots, steel:
2,964
3,942 j
3,343
4,046
4,195
3,985
3,923
4,161 I 4, 545 : 4,337 !' 4, 432
Production
thous. of long tons.. 4,737
54
83
51
74
59
71
70
69
79
Percent of capacity 1_
._
69 i
78
77 !
73 I
Bars, steel, coldfinished,shipments
short tons.. 60, 363 35,097 27,917 31,378 33,512 I 36,232 41,178 ' 44,382 39,931 41,049 ' 47,195 ' 41,638 : 52,467
* Revised.
f Starting in January 1937, the American Iron and Steel Institute computes the percent of capacity on a weekly average basis, with no allowance for Sundays or holidays;
thefigureshown here will be carried forward on the old basis (which relates daily average output to daily average capacity with allowance for Sundays, July 4, and Christmas)
in order to keep the series comparable.
SUEVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
1936
February
March
April
May-
June
July
October
August September
Novem- December
ber
METALS AND MANUFACTURES—Continued
IRON AND STEEL-Continued
Steel, Crude and Semimanufactured—
Continued
Prices, wholesale:
Composite, finished steel
dol. per lb__ 0.0257 0.0243
Steel billets, rerolling (Pittsburgh)
dol. per long t o n 34.00
29.00
Structural steel (Pittsburgh)
dol. per lb__
.0205
.0180
Steel scrap (Chicago)
dol. per gross ton__
18.06
13.38
U. S. Steel Corporation:
Earnings, net
thous. of doL.
Shipments, finished products
long tons__ 1,149,918 721,414
0.0243
0.0237
0.0236
0.0236
0. 0236
0.0243
0.0243
0.0241
0. 0246
0. 0246
0.0252
29.00
.0180
14.19
28.20
.0180
14.75
28.00
.0180
14.34
28.00
.0180
12.88
28.00
.0181
12.85
30.00
.0190
13.38
30.00
.0190
15.19
30.40
,0190
16.15
32.00
.0190
16.25
32.00
.0190
16.50
32.40
. 0199
17.15
676,315
16,445
783,552
979,907
984, 097
27,996
886,065
950,851
923,703
28,967
961,803 1,007,417
400, 608 349, 752
479,873 476, 465
35.6
35.9
478, 588 471, 481
34,155
29,171
341, 248
578, 705
43.3
577, 240
35, 260
299, 745
650,028
48.5
658, 657
26,991
400,184
636,449
47.5
643,841
19, 599
452, 386
626, 599
46.8
627,065
19,133
499, 838
677,462
50.6
672,974
23,621
427, 583
515, 380
38.4
518, 795
20,206
456, 682
697, 783
51.9
694, 331
23, 658
343, 347
835,177
62.1
836,983
21, 852
351,888
653,971
48.6
658,103
17, 720
800, 546
804, 526
59.9
793,670
28, 500
35, 365
882,643 1,067, 365
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
number.. 826, 510
824,073
Production
do
61.2
Percent of capacity
Shipments
number.. 825,406
27,167
Stocks, end of month
do
Boilers, steel, new orders:
651
Area
thous. of sq. ft—
Quantity
.number..
Furniture, steel:
Office furniture:
Orders:
2,379
New
„
thous. of dol._
1,617
Unfilled, end of month
do
2,121
Shipments
do
Shelving:
Orders:
546
New
do
429
Unfilled, end of month__
do
536
Shipments
do
Safes:
Orders:
192
New
do
217
Unfilled, end of month...
do
203
Shipments
do
Spring washers, shipments
do
309
Plate, fabricated steel, new orders, total
short tons.. 40, 424
10,507
Oil storage tanks
do
Sheets, black, blue, galvanized, and full finished:
Orders:
New.
_..
short tons..
0)
Unfilled, end of month
_
..do
C1)
Production, total
do
Percent of capacity
_
Shipments
..short tons..
Stocks end of month, total.
..do
0)
Unsold stocks
do
0)
Track work, shipments
do
0)
7,246
MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new:
Fan group
.-thous. of dol_.
Unit-heater group
do
Electric overhead cranes:
Orders:
New
do
883
Unfilled, end of month
do
2,893
Shipments
dol...
462
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign trade.)
Foundry equipment:
Orders:
190.9
New
1922-24 = 100..
333.3
Unfilled, end of month.__
do
177.2
Shipments
do
Fuel equipment:
Oil burners:
Orders:
New
..number..
Unfilled, end of month
do
Shipments
do
Stocks, end of month
do
Pulverizers, orders, new
do
Mechanical stokers, sales:
Classes 1, 2, and 3 . .
do
Class 4:
Number
Horsepower
Machine tools, orders, new
av. mo. shipments 1926=100-.
200. 3
Pumps:
Domestic, water, shipments:
Pitcher, other hand, and windmilL-units.. 63, 722
Power, horizontal type
do
1,244
Measuring and dispensing, shipments:
Gasoline:
Hand-operated
do
Power
do
Oil, grease, and other:
Hand-operated
_
do
Power
do
Steam, power, centrifugal, and rotary:
Orders, new
_
thous. of doL.
8
623
634
810
705
590
594
784
687
••712
••720
1,131
1,049
1,110
'1,091
' 1,081
' 1,140
'892
'1,233
'969
' 1, 201
937
837
1,872
915
1,619
940
1,586
1,427
882
1,484
1,667
964
1,586
1,583
913
1,634
1,514
975
1,451
1, 565
1,070
1,470
1,511
918
1,511
1,517
996
1,439
1,587
1,033
1,550
1,841
1,097
1,777
1, 734
1,186
1, 646
2,227
1,363
2,113
389
243
342
325
198
371
419
235
382
378
229
384
414
262
381
448
294
416
394
358
393
448
386
420
433
394
425
436
395
435
459
418
436
670
426
571
203
169
176
255
189
173
185
219
227
190
210
232
251
197
244
313
228
218
207
251
224
216
226
246
204
208
205
267
205
204
209
199
195
178
220
201
250
194
234
242
238
192
240
247
287
228
240
299
38,709
3,354
27,863
5,940
30,437
3,620
30,018
5,678
51,443
9,311
52,937
21,861
60,324
9,968
31,999
8, 604
35,033
9,446
33, 791
6,632
40,465
6,368
51,017
9,320
174,805
267, 673
223,000
73.3
207,437
152,283
84, 037
3,366
138,244
231, 660
191,359
62.9
175,702
168, 572
86,971
4,116
251,818
280, 493
207,820
68.3
209, 673
141,916
70,648
6,258
190, 269
221, 950
217,975
71.6
252, 441
124, 239
65, 783
7,031
191,511
217, 831
224, 056
73.6
210,127
138, 510
72, 333
7,314
261,439
276, 551
210, 448
69.2
203, 853
136, 605
75,912
6,507
192, 873
263, 531
217, 651
71.5
213, 372
138,884
72, 603
6,216
207, 781
237,029
202, 456
66.5
197,156
141,328
79,451
6,401
255, 557
287, 746
213, 706
70.2
204, 285
137, 556
71, 367
5,722
223,195
281, 226
235,057
82.6
223,874
133,370
69,355
5,547
294,080
372, 407
224, 031
78.7
212,130
128,906
62, 938
4, 756
336, 758
456, 811
230, 581
84.7
244, 409
132,432
59, 325
5,579
571
711
690
715
954
561
948
576
1,059
564
1,106
626
1,336
763
1,154
871
983
1,013
1,078
1,624
1,044
1,279
960
1,141
626
1,700
217
349
1,676
373
363
1,723
317
572
2,026
277
889
2,641
268
281
2,242
680
404
2,085
566
539
2,208
416
479
2,275
412
416
1,908
783
529
1,999
436
1,136
2,472
664
127.0
107.5
110.4
110.4
130.4
114.5
115.0
94.4
124.0
134.0
123.2
105.1
165.4
142.6
146.7
141.4
130.8
153. Q
159.6
144.5
145.7
145.4
152.1
137.2
161.0
162.8
150.5
174.4
174.0
162.9
200.4
223. 4
150.9
283.3
319.6
187. 1
16,038
4,078
14, 699
19, 341
48
' 16,413
3,041
' 17,450
' 21, 577
23
' 22,347
4,224
' 21,164
' 23, 608
34
' 35,252
' 4,071
' 35,405
' 16, 538
22
' 33, 355
' 3, 467
' 33, 959
14,102
23
' 15,437
2, 557
' 16, 347
' 15,174
38
11,135
2,392
11,300
16,082
133
' 7, 558 ' 7, 3S4 ' 9,431 ' 10, 541 r 12, 730 '
2, 739
' 1,494 ' 1, 534
2,034
2, 365
' 7, 712 ' 7, 344 ' 8, 931 ' 10, 210 ' 12, 356 '
13,442 ' 14, 061 ' 15,109 ' 16, 944 ' 18,890 '
36 j
29
24
41
r 27
2,387
2,680
2,652
3,180
3,773
4,712
5,952
9,123
16,139
17, 909
8,687
5,513
163
27,497
110.8
128
25, 260
133
24,855
155
43, 530
186
38, 068
244
50, 717
336
67, 218
434
80,268
499
75,106
462
89,130
324
62, 680
309
79,226
112.1
105.3
125.7
118.9
128.8
150.1
127.5
118. 5
136.5
147. 1
39, 959
779
36, 400
663
43, 233
976
40,679
968
42, 407
1,250
52, 236
1,198
60, 054
1,326
55, 762
1,412
47, 454
826
47, 548
1,306
33,022
1,330
1,134
442
4, 518
5,661
966
569
3,992
607
5,218
851
8,703
798
8,923
574
8,774
757
9,325
680
8,959
867
9,309
802
8,621
736
8,286
756
9,027
4,401
881
9,492
1,259
9,720
844
10, 332
1,110
9,916
964
11,855
1,097
8,013
1,172
8,468
959
11,235
933
12,742
601
13,790
546
869
1, 044
1,175
1,303
1,068
1,029
1,049
931
976
1,039
1,066
Entire series now being revised by the National Association of Flat Rolled Steel Manufacturers. The data will be shown in the Survey when available.
'Revised.
1
1,345
50
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
January
March 1937
1936
January February
April
March
May
June
July
DecemOctober NovemAugust September
ber
ber
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con.
Water-softening apparatus, shipments, .units..
Water systems, shipments
do
Woodworking machinery:
Orders:
Canceled
thous. of dol..
New
do.
Unfilled, end of month
do
Shipments:
Quantity
machines..
Value
thous. of dol..
NONFERROUS METALS AND
PRODUCTS
957
15,340
754
10, 760
737
7,030
980
12,059
1,031
13, 067
1,014
13, 718
1,052
17, 295
845
16, 815
1,016
14, 990
954
15, 537
1,001
13,112
990
11,074
1,018
10, 864
21
744
1,339
12
449
538
3
412
581
5
417
632
7
377
610
9
439
604
9
445
597
12
474
610
16
571
657
9
652
819
10
561
816
14
737
1,050
7
744
1,195
314
571
190
361
201
365
224
358
217
383
247
444
267
445
280
439
300
494
358
490
314
557
280
470
367
619
28,363
.1281
24, 251
.1260
18,997
.1257
19, 938
.1263
21, 685
.1257
28, 003
.1207
41, 043
.1188
29,113
.1165
40, 506
.1163
22, 836
.1198
19,178
.1222
27, 496
.1263
29, 744
.1274
2,364
518
1,846
2,510
546
1,964
2,013
524
1,489
2,064
453
1,612
2,414
549
1,865
2,312
420
1,893
2,374
495
1,879
2,540
563
1,976
2,495
772
1,723
2,654
678
1,977
2,491
695
1, 796
2, 362
570
1,792
2,706
602
2,104
22, 046
7,133
5, 994
12,998
14, 749
12, 692
19, 840
16, 723
15, 700
17,874
16, 428
11, 988
17. 250
11,311
10, 111
20, 421
15, 700
12,926
24, 516
14, 670
14, 561
22,148
18,071
14, 788
24, 622
15, 574
12, 980
22, 737
14, 639
11, 225
28. 577
9,516
8,093
24, 560
23, 589
22, 321
23, 490
16, 702
12, 599
1,115
.1242
1,454
603
.0903
42
981
.0903
2,938
1, 502
.0903
1,191
.0917
1,467
1,307
. 0928
9
100
.0928
1,512
1,771
.0935
2
2,592
. 0953
13
3,401
.0953
24
1,399
. 0956
25
1,243
.1016
2,974
1,129
.1076
Metals
Aluminum:
Imports, bauxite
long tons..
Price, scrap, cast (N. Y.)
dol. per l b . .
Babbitt metal (white-base antifriction-bearing
metals):
Production, total
._
..thous. of lb_.
For own use
do
Sales
do
Copper:^
Exports, refined and mfrs
short tons..
Imports, total
do
For smelting, refining, and export..-do
Product of Cuba and the Philippine Islands
short tons..
All other
do
Price, electrolytic (N. Y.)
dol. per lb._
Lead:
Imports of ore, concentrates, pigs, bars, etc.
short tons..
Ore:
Receipts, lead content of domestic ore do
Shipments, Joplin district
do
Refined:
Price, wholesale, pis, desilverized (N. Y.)
dol. per Reproduction from domestic ore.-short tons..
Shipments, reported
do
Stocks, end of month
do
Tin:
Consumption in manufacture of tin and
terneplate
long tons..
Deliveries
do
Imports, bars, Mocks, etc
do
Price.. Straits (N. Y.)
dol. per lb._
Stocks, end of month:
World, visible supply
Ion? tons..
United States
do
Zinc:
Ore. Joplin district:
Shipments
short tons._
Stocks, end of month
do
Price, prime, western (St. L.) dol. per lb._
Production, slab, at primary smelters
short tons..
Retorts in operation, end of mo
number...
Shipments, total
short tons__
Domestic.__
do
Stocks, refinery, end of mo
do
249
869
742
946
718
2,967
1,027
1, 192
2,997
382
1.742
698
1,073
35, 760
29, 464
3,183
28, 195
6,467
29, 341
4,550
29. 535
2,950
30, 547
4,540
31, 828
3,500
34, 137
5,880
31,314
3,180
30, 892
2,970
30, 910
4,880
31,096
6, 390
32, 052
4,954
. 0452 .0460
.0450
.0460
.0460
34, 088 32, 221 32, 184 36, 175 39, 558
33, 125
34. 590 33, 086 36, 743 40,457
224, 013 225, 010 223, 388 220,991 j229, 409
.0460
36, 756
37, 736
230, 481
.0460
36, 863
38, 996
231, 081
. 0460
31, 117
46, 388
218, 233
.0460
29, 788
50, 685
200, 517
. 0463
39, 317
59,210
183, 430
.0511
40, 273
50,313
176, 900
3,300
5,235
5,493
. 4630
3, 520
7,795
8,134
.4222
3,260
7, 120
6, 674
. 4297
3, 050
5,385
6,069
.4257
3,300
6,200
5, 626
.4474
3,300
6, 005
6,327
. 4494
2, 940
5, 345
5, 093
.5131
3,200
6, 930
8, 339
. 5185
. 0600
41, 223
45.718
169,776
3,070
7,615
8, 509
. 5089
2, 300
6,635
6, 646
.4724
26,179
5, 478
17, 233
2,985
. 0585
40, 025
40, 285
50, 638
50, 638
34,143
2, 400
5. 600
6| 525
. 4792
2.850
6, 235
4, 994
. 4694
.0555
43, 613
52, 032
171,856
r
17, 562
3, 523
2.350
5, 520
6, 104
.4799
18, 664
3, 968
16, 869
2,713
18, 380
2,941
16, 448
3,054
16, 759
2,151
17, 642
3, 095
16, S96
2,860
19, 048
3.315
23,148
3,030
23, 787
5,095
35, 200
24, 900
.0185
36, 770
25, 130
. 0486
38, 640
26, 930
.0490
40, 060
28. 070
.0490
40, 900
33, 560
.0490
29, 420
39, 240
.0488
22, 060
41, 270
.0478
35,810
37,180
.0480
35,780
30, 590
.0485
46, 500
31, 200
. 0485
40, 830
29, 990
.0497
41, 245
23,085
.0527
41,917
38, 205
46, 468
46, 468
79, 207
36, 228
38, 004
39,918
39,918
75, 517
42, 483
37, 922
38, 159
38, 159
79, 841
43, 252
41,400
42,311
42,311
80,782
44, 905
41.048
43,977
43, 977
81, 710
44,947
40, 700
41, 654
41, 654
85, 003
45.
4i;
41,
41,
88,
553
308
891
891
665
43, 614
41. 308
46, 085
46, 085
86,194
42,
40,
51,
51,
76,
46,
41,
54.
54.
68,
297
733
035
035
892
45, 742
43,103
57,107
57, 107
57, 527
47,
42,
59,
59,
44,
2,992
200
3,246
253
3,637
358
3,631
230
2,262
168
4,391
329
2 757
146
3,365
215
283
672
847
847
630
050
965
821
821
756
Electrical Equipment
Furnaces, electric, new orders:
Unit
kilowatts. .
2,258
3,903
Value
thous. of dol_.
242
203
Electrical goods, new orders (quarterly)
thous. of dol-.
Laminated phenolic products, shipments
1,005
thous. of dol—
826
Motors (1-200 H. P.):
Billings (shipments):
A. C
thous. of dol
1,566
1,770
D. C
.do432
534
Orders, new:
A. C
_do._
1,881
1,876
D. C
do..,
455
612
Power cables, paper insulated:
732
Shipments.—
thous. of ft-.
323
419
Value
thous. of dol.
868
367
328
Power switching equipment, new orders:
Indoor._
dollars.
41,637
63,163
Outdoor
do...
91, 522 156,313
Ranges, electric, billed sales
thous. of doL.
810
1,142
Refrigerators, household, sales
number.
119, 764 179,056
Vacuum cleaners, shipments:
Floor cleaners
do...
92, 056 74, 733
86, 084
Hand-type cleaners
do...
32, 520 24, 999
23, 769
Vulcanized fiber:
Consumption of fiber paper
thous. of lb._
2, 367
1,781
1,635
Shipments
thous. of dol
640
455
417
Preliminary.
r
Revised.
1 Monthly data on copper production, shipments, and stocks for months
r
190, 598
153, 452
3,203
221
3,161
236
228, 062
191,319
924
1,004
1,146
1,136
1,141
1,075
1,116
1,151
1,158
1,252
1,815
425
2,158
518
2,248
525
2,513
554
2, 536
524
2,319
607
2,466
661
2,735
727
2,243
558
3,266
811
2,134
585
446
561
2,194
595
2,539
613
2,915
608
2,636
599
2,628
682
2,691
882
2,508
573
2, 563
658
3, 955
938
408
626
533
697
536
613
672
610
664
734
655
671
677
672
518
607
577
815
57, 981 68,080 77, 795
166,011 214, 250 162,163
2,311
2,213
2,190
272,139 304, 089 329,140
72,425
143, 868
2,272
237, 371
118,256
203, 674
1,678
205, 098
85, 758
165, 245
1,468
106, 975
75, 906
222, 832
1,746
80, 050
99, 621
267. 098
1,708
44, 380
89,
192,
1,
78,
517
967
425
265
124, 562
284, 308
1,750
v 126, 000
114,001 104, 559 105, 275
35, 878 29, 588 32,175
2,248
1,830
2,129
492
471
470
80, 649
22, 295
71, 628
18, 765
84,108
22,101
104,944
39,118
109, 636
32, 944
100, 983
38, 860
114, 892
40, 921
2,116
489
2,179
525
2,210
485
2,185
517
2,382
579
2,235
510
2,446
%
of 1936, comparable with those shown in the 1936 supplement through 1935, are not available.
51
SUEVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January Febru1936 Supplement to the Survey
ary
1936
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
net tons.
Orders, unfilled, end of rno
do
Plumbing fixtures, brass:
Shipments
.number of pieces.
Radiators, convection type:
Sales:
Heating elements only, without cabinets
or grilles thous. of sq. ft. heating surf.
Including heating elements, cabinets, &
grilles
thous. of sq. ft. heating surf.
Sheets, brass, price, mill
dol. per lb_
Wire cloth (brass, bronze, and alloy):
Orders:
New
thous. of sq. ft.
Unfilled, end of mo
do
Production
do
Shipments..
__
do
Stocks, end of month
do
10,022
29,309
5,948
16,119
5,645
19, 761
5,897
18, 914
6,012
22, 238
5, 747
19, 288
5, 996
17, 379
6,339
25, 289
6,379
23, 717
6,783
23, 796
8,025
32,411
7,773
30,436
7,939
33, 077
1,240,615 1,155,921 1,210,393 1,275,836 1,274,888 1,345,454 1,502,900 1,428,850 1,561,410 1,657,418 1,539,774 1,804, 702
47
145
62
63
51
74
84
101
140
106
141
103
168
343
178
136
.146
121
.146
117
.146
202
.148
233
.151
349
.151
441
.152
415
.154
448
.155
459
.157
426
.162
328
.168
1,177
1,342
535
512
774
418
528
447
398
689
370
495
406
416
689
413
516
424
411
709
369
412
450
439
702
416
441
387
386
706
408
500
413
379
740
384
478
413
416
718
423
469
408
406
698
455
528
433
442
740
505
567
501
457
764
517
672
428
418
771
689
774
521
508
749
PAPER AND PRINTING
WOOD PULP
Consumption and shipments:! 0
Total, all grades
short tons.
Ground wood
do...
Sulphate
do
Sulphite, total
.
do.
B leached
do.
Unbleached
do.
Soda
do.
Production:!
Total, all grades
do
Ground wood
do.
Sulphate
do
Sulphite, total
do
Bleached
do
Unbleached
do
Soda
do
Stocks, end of month:
Total, all grades
do
Ground wood
do
Sulphate
do
Sulphite, total
do
Bleached
do
Unbleached
do
Soda
do
Imports:
Chemical
do.
Ground wood
do_
Price, sulphite, unbleached
dol. per 100 lb._
PAPER
Total paper:
Paper, inol. newsprint and paperboard:
Product ion!
short tons..
Paper, excl. newsprint and paperboard:
Orders, new
short tons..
Production
do
Shipments
do
Book paper:
Coated paper:
26, 009
Orders, new
do
11,116
Orders, unfilled, end of mo
do
26, 678
Production
do
94.0
Percent of potential capacity
Shipments
short tons._ 27, 360
11, 884
Stocks, end of month
do
Uncoated paper:
112,548
Orders, new
do
64, 372
Orders, unfilled, end of mo
do
Price, cased, machine finished, at mills
5.25
dol. per 100 lb._
Production
short tons.. 109, 396
90.6
Percent of potential capacity
Shipments
short tons.. 111,977
80, 267
Stocks, end of month
do
Fine paper:
Orders, new
do
Orders, unfilled, end of mo
do
Production
do
Shipments
do
Stocks, end of month
do
Wrapping paper:
Orders, new
do
Orders, unfilled, end of mo
do
Production
do
Shipments
.
do
Stocks, end of month
do
See note marked "f on next page.
452, 583
123, 298
144, 374
138, 965
r
84, 962
r
54, 003
' 45, 946
428,104
111, 841
133, 250
139,11:
r 85, 235
' 53, 877
r 43, 901
457,134 • 433, 356
122, 563 115,419
143, 799 • 134. 8fi8
144,409 138; 680
r
T
83, 270
87, 861
r
56, 548 >• 52, 410
r
46, 383 r 44, 389
442, 488 484, 223
117,280 127,121
140, 989 140, 867
137,153 166, 413
r
85, 952 109,146
'51,201 r 57, 267
r
47, 066 r 49, 822
476, 628
129, 305
152,811
149,149
»• 93,911
' 55, 238
r 45, 363
473, 075
128, 242
151,003
148, 742
r 95, 594
'53,148
r 45, 088
463, 804
120, 955
148, 729
150, 673
' 97, 032
r 53, 641
r
43, 447
483,154
120, 403
159, 542
155,813
100, 809
r 55. 004
r
47, 396
481, 745
120,190
157,116
156,131
504, 627
132, 914
161, 442
157, 897
r
98, 008
T
59, 889
r 52, 374
'134, 039
'158,782
•161,912
r 99, 946
r 61, 966
'455,812
• 126, 379
• 140, 567
• 143, 378
r
89, 254
r
54, 124
r
45, 518
490, 802
138,146
152,354
154, 060
r
99, 799
r ;y\, 261
r
46, 242
473, 980
126, 471
151,914
150, 280
r
96, 268
'"54,012
••45,315
452, 394
111,582
149, 027
147, 855
' 94, 8.50
'53, 005
' 43, 930
475,3(50 161, 7">.l
108, W>2 101), 4(vi
1.19, 702 1.11.1)17 K.7, (>,<)
1
1.5S. 870
1 70. i)O
KK). 910
10"), !i.'}.">
r
57. 960
ri)\. \;\
'47,826 M S . 1M i To2 107
501, S10
i:>(). 4HG
: 61,001
1,59. 26.1
' 0 ^ , 1111
r
60, 86:*
r 50, 50.1
• 115S, 470
- \7\), 420
•15.8. 161
r
06, :NO
483,432
137, 726
141,860
153, 572
r 99. 951
r
53, 621
' 50,. 274
529, 035
137,945
168, 533
169,416
' 98, 355 • 106, 994
r
57, 776 r 62, 422
r
48, 308 r 53, 141
88, 586
30, 360
5, 285
49, 735
32, 639
17, 096
3,206
93,141
33, 524
6, 843
49, 218
33, 570
15,648
3, 556
105,476
41,479
6, 440
55,080
36, 593
18,487
2, 477
] 04, 234 116,514
50, 727
58,396
7,471
7,085
43, 239
47. 624
28, 276
33,631
14, 963
13, 993
2, 797
3,409
117,402
56, 830
7, 912
49,104
34, 260
14, 844
3, 556
107, 266
48,616
8,232
46,529
32. 304
14,225
3, 889
100,707
38,646
8,384
49, 478
32, 369
17,109
4,199
45,170
28, 565
16, 605
4,657
213, 837
20,392
1.90
160, 649
13,796
1.90
143, 576
20, 457
1.90
122, 060
13,905
1.90
235,129
14, 529
1.93
207,444
25, 628
1.93
222, 320
19, 850
1.93
208,933
28, 183
1.94
201, 284 198. 195
23 572 27, 03!
2. 06
1. 98
215,612
363, 333
2. 33
819, 300
753,581
776, 471
867, 931
797, 826
846, 434
833, 038
843, 417
981,819
S63, 004
950,151
451,268
469, 036
472, 010
401, 523
410, 225
400.525
453, 983
414,714
413,778
485, 208
496, 498
485, 666
415, 828
432. 814
424, 281
406, 228
429, 324
415, 506
466, 482
474,040
480,156
428, 549
439,309
426, 957
459, 373
442, 692
449, 087
558, 022
.540, 887
536, 635
.504, 309
461, 527
455,938
606, 480
541,330
555, 668
22, 352
10, 351
23, 106
63.4
23, 640
16, 243
22, 541
11, 364
21, 844
C6.8
22. 752
15, 050
31,096
17, 314
24, 697
76.0
25, 998
12, 528
18, 610
11, 336
23, 525
79.0
23, 734
11, 892
17, 097
9,106
21, 409
71.0
21, 308
12,093
16, 502
8,218
19, 260
68.0
18, 497
12, 245
16, 876
6,657
19, 226
66.3
18,885
12,878
18, 531
6,780
20. 103
69.4
20, 387
13, 284
18,895
7,407
19, 239
77.7
18. 983
12,157
20, 554
6, 634
22, 225
83.4
22, 048
12,334
28, 287
12, 659
22, 761
83.4
22,531
12, 386
28,119
12,783
26, 835
91. 0
28, 952
12, 785
98,108
40, 212
93, 960
43, 739
128,902
65, 508
85, 548
49,939
72, 890
37, 369
77, 313
35,013
82,107
33.058
85, 004
33, 831
91, 452
34, 208
101, 413
34, 270
115,477
54, 829
127,834
66, 239
5.25
101, 223
71.8
99, 769
81,821
5.25
96,068
73.9
96, 293
81,713
5.25
101, 669
80.0
107,116
73,349
5.25
107,533
85.4
105, 689
76, 033
5.25
97, 369
77.5
90, 507
82, 280
5.25
86, 676
71.6
83,718
83, 644
5.25
89, 210
73.4
86, 040
87, 036
5.25
93,988
76.0
92,611
88, 970
5.25
95,793
83.2
94,141
94, 548
5.25
103,417
83.5
101, 64S
89, 724
5 25
98, 939
84.3
98, 448
92, 607
5.25
112, 689
86.2
119,231
86, 067
43, 582
10, 560
41,979
43, 467
59,143
36, 909
12,813
38,155
34, 803
62, 400
39,086
16,121
33, 678
35, 435
61,141
44. 620
16.169
47, 990
45, 119
61, 545
30, 922
13,194
35, 561
33, 559
62, 510
31,641
12, 274
35, 077
33, 033
65, 784
37, 073
10,941
39, 358
39, 951
62,957
31,516
9,684
33, 626
31. S38
65, 527
31,865
9.995
30, 625
31. 727
66,801
49, 821
13,800
46, 491
45, 813
66, 350
39, 674
16,468
37,818
36, 442
68, 325
53, 913
21, 470
48, 240
48,268
67, 972
149, 305
59, 041
160,822
163,312
106, 644
125, 557
58, 545
130,719
126,821
110,424
133,755
61,447
132,887
128, 056
114,066
177, 510
77, 344
165, 537
161,543
118,269
151,013
73, 312
140, 120
144, 232
114.092
140, 385
72.439
144, 615
143,367
113, 711
167,815
74, 750
163, 588
167,586
109,180
141,436
77, 600
147,142
140,740
112,323
159, 712
87, 212
150. 952
153, 243
110,704
207, 062
95, 934
195, 874
199, 369
108,163
170, 910
116, 625
155, 605
151,785
111,912
223,043
147.722
190, 749
192. 395
111,851
' Revised.
166,048
21,437
1.91
85, 310
29, 280
6, 203
20, 600
4, 98.5
•47,317
• 28, 047
19. 270
2,820
- 24, 634
r 5, 474
' 43, 867
r 24,868
r
18,999
© Comprises pulp used in the producing mills and shipments to the market.
serious error. Data on soda pulp have been adjusted to the 1935 census by the Survey; earlier figures appeared in the 1936 Supplement.
77, 656
22, 742
4,784
45, 999
27, 651
18,348
4,131
For
52
SURVEY OF CUEEENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
PAPER AND PRINTING—Continued
PAPER-Continued
Newsprint:
Canada:
Exports
short tons..
Production..
do
Shipments from mills
do
Stocks, at mills, end of mo
do
United States:
Consumption by publishers
...do
Imports.
do
Price, rolls, contract, destination (N. Y.
basis)
dol. per short ton..
Production*!
_..short tons..
Shipments from mills. __
...do
Stocks, end of month:
At mills
do
At publishers
do
In transit to publishers
.do
Paperboard:
Consumption, waste paper
do
Orders, new
do
Orders, unfilled, end of mo
do
Production^
do
Percent of capacity
Stocks of waste paper, end of month:
At mills
short tons..
In transit and unshipped purchases
short tons..
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams..
Foreign
do
Paperboard shipping boxes:
Shipments, total
mills, of sq. ft..
Corrugated
._._
_do._.
Solid
fiber
do..-.
287.691
262.692
49,505
184,884
227, 955
181, 403
76,658
184,079
221,190
206, 010
92,082
256,564
242, 900
239, 253
96, 254
192,894
258, 721
267, 296
85, 629
258, 288
267,067
286, 445
66, 240
283,589
270,881
263, 684
73,199
234,050
274, 627
271,794
75,430
257, 577
270, 053
278, 219
65,794
278,368
267, 911
267,746
65,989
280,733
301,106
307,250
59, 574
295,833
286, 233
285,771
289,312
293,075
316, 723
52,135 \ 24,575
183,106
238, 426
161,185
179, 982
182, 313
157,456
183, 974
220, 641
183,399
203, 590
227,216
262, 580
178, 396
222,187
170,884
205, 704
168, 289
246,186
175, 811
238, 317
203,198
260,135
223,813 i 198,264
249,153
278,991
42.50
80,005
75, 637
41.00
79, 336
74,126
41.00
72, 249
70, 650
41.00
76, 500
74,482
41.00
76, 504
77, 714
41.00
75, 719
77, 273
41.00
79, 820
74,838
41.00
73, 361
74, 780
41.00
74,338
72, 645
41.00
72, 206
75, 599
41.00
81,076
81,771
18,673
255, 570
48,313
14, 275
237, 955
35,178
16,032
221,165
39,387
18,163
203,814
40,851
17, 087
188, 453
48, 567
15,906
191, 463
44, 860
21, 027
193, 464
40, 573
19, 857
201,099
46, 971
21, 464
219,727
42, 789
17, 397
230, 001
43, 070
16,424
235,997
51,069
16,032 i 14,328
215,765 | 252.333
229,064
284,854
95,358
271,210
63.4
226, 216
268, 843
91,917
271,107
68.4
237, 601
290, 854
96, 202
285, 257
69.4
245,738
297,984
99, 796
295,899
71.8
241,895
280,899
92, 784
289, 527
71.0
241, 656
290, 098
96, 402
288, 682
70.5
249, 402
304, 747
101, 557
299, 033
69.4
268, 770
332, 553
117, 443
319,391
76.7
281, 046
353,197
135, 732
328, 519
79.1
306,874
357, 783
138, 830
359,849
82.7
274,332 j 279,068
308,732 i 350,452
127,193 ' 130,472
321, 624 328, 773
79.6
75.6
189,590 ; 182,822
41. 00 !
79,853 :
80,221 i
41.00
80,048
81, 708
54,954 ! 54,38&
216,521
193, 919
204, 376
204, 353
213,435
218,330
219, 042
207, 886
191, 408
0)
39, 737
39, 983
38,167
44, 306
(0
(')
(0
(0
(0
81,945
6,294
65,784
7,712
59, 936
4,575
67,405
9,769
77, 561
10, 241
90,064
7,864
76, 084
9,479
69, 709
7,306
76,191
10,176
79, 469
7,455
85,824
70,939
9,377 J 7,327
1,964
1,768
195
1,846
1,653
194
2,019
1,804
215
2,095
1,873
222
2,268
2,035
233
2,188
1,945
242
2,249
1,994
255
2,698
2,382
317
2,809
2,485
324
2,650 I 2,281
2,392 J 2,092
258 '
189
95,196
536
430
106
82
14, 966
84, 853
842
676
166
83
13,033
95,189
953
801
152
82
15, 778
101,805
854
718
136
84
15,031
96, 677
990
795
195
86
15, 581
100, 725
729
602
127
81
17,485
107, 837
723
575
148
80
18,384
104,349
890
731
159
86
16,683
107,421
809
690
119
94
16,920
129,034 140. 63S : 166, 970
1,195
S41 :
1,074
966
732
229
109
101 .
98
18, 513 16,166
19,139
48,127
38, 380
39,843
.165
82, 355
510,873
106,000
60, 343
113,386
63, 838
227, 649
46,657
35, 823
41, 788
.163
70, 249
492, 439
99,000
63, 597
108,215
63,138
222, 086
46,330
35,093
50,033
.164
71,342
485,488
96,000
62, 240
103, 962
60, 287
225, 239
49, 509 50,303 j 49, 626
36, 520 37,215 i 37,179
40, 965 38,414
51, 382
.165
.180
.200
80, 552 77,000
79,000
478,190 458,637 | ' 448. 414
106,000 106,000 I ' 103, 000
67, 825 73,691 ! 56, 567
96, 625 88,781 ''' 78,462
59,534 60,230; r 62, 114
216,031 203,626 • 204, 838
11,816
12,330
22, 521
10, 993
12,856
23, 749
11,171
12, 959
24,950
(0
199,404
I 0) • 0)
74,713
11,492
2,488
2,276
212
PRINTING
Blank forms, new orders
thous. of sets_
Book publication, total
no. of editions.
New books
do...
New editions
do...
Operations (productive cap.)
1923-25=100.
Sales books, new orders
thous. of books..
106, 914
781
694
16,959
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, totalft
long tons.. 48,744
48,506
33,873
For tires and tuhest
do
33, 921
Imports, total, including latex
do
43,339
Price, smoked sheets (N. Y.)....dol. per lb_.
. 214
.144
61,847
Shipments, world
long tons i 70,000
Stocks, world, end of month
d o . . . 444,087 600,479
Afloat, total
do
96,000
84,000
For United States
do
55,096
43, 870
London and Liverpool
do
71, 062 162,107
British Malaya
do .
78,276
66, 618
United States
do
i 198,749 287, 754
Reclaimed rubber:t
|
10, 039
Consumption
d o . . . I 13,366
Production
do
I 15,129
11,665
26,047
Stocks, end of month
do
I 31,610
Scrap rubber:
i
Consumption by reclaimers (quar.).-.do
L__
36, 746
25,264
34,339
.154
63, 353
599, 355
85,000
46, 532
157,028
72, 530
284, 797
42, 703
26,385
34, 874
.159
68,671
574, 594
90,000
58,935
147,712
61,045
275, 837
7,366
10,188
28, 267
8,768
10,712
21, 774
50,482
52, 636
51,897
35, 3.90 36,442
38,168
45, 830 37,050 38, 273
.156
.159
.159
59, 261 67, 718 65, 756
558, 583 533,411 511,931
83,000 89,000 90,000
47, 678 48, 860 47, 228
140,404 130,590 122,285
66, 290 59, 866 62, 426
268, 888 253,955 237, 220
10,333
11,382
22, 286
10,396
11,512
22, 852
11,548
11,935
22,634
12,029 i 12, 984
14,357 ! 15,938
28.135 ! 30, 572
4,969!
5,308
4,232 ! 5,015
4,162 i 4,925
10,814 | 11,105
33,741
31,033
28, 994
12, 606
14,737
26, 389
TIRES AND TUBES}
Pneumatic casings:
I
Production
...thousands..!
Shipments, total
do I
Domestic
do j
Stocks, end of month
do <
Inner tubes:
Production
do !
Shipments, total
__do.-~J
Domestic
do I
Stocks, end of m o n t h . . .
do ;
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics
thous. oflb.J
MISCELLANEOUS PRODUCTS
Sinele and double texture proofed fabrics:
j
Production
.
thous. of y d . . !
Rubber and canvas footwear:t
" j
Production, total
..thous. of pairs. J 5,898
Tennis
_.
do ! 2,418
Waterproof
..do j 3,480
Shipments, total
do i 6,018
2,639
Tennis
_
do
Waterproof
do ; 3,379
5,954
Shipments, domestic, total..
do !
Tennis
do.. ' 2, 603
3,351
Waterproof
do..
13, 454
Stocks, total, end of month
.do..
5,108
Tennis
..do..
8,346
Waterproof
do..
4,579
3,875
3,802
8,918
3,577
3,211
3,142
9,265
3,638
3,856
3,784
9,087
4,854
4,903
4,836
9,034
4,971
5,832
5,752
8,176
5, 610
5, 792
5, 711
7,833
5,465
5,744
5,678
7,748
5,014
4,976
4,911
7,793
4,981
3,836
3,768
9,005
5,125
4,081
4, 012
10, 089
4,592
4,168
4,111
8,623
3,556
3,446
3,393
8,699
3,787
3,796
3,737
8,692
4,824
4,746
4,681
8,788
4,819
4,919
4,853
8,719
5,035
5, 504
5, 442
8,105
5,177
5,758
5,544
7,725
5,039
5,136
5,093
7,621
5,161
4,231
4,031
8,627
5,397
4,108
4,055
9,977
4,739
3,995
3,948
10,732
j 5,121
I 4,819
| 4,754
! 10, 985
19, 738
14,888
16, 564
20, 458
21,110
22, 833
22, 532
21,175
20, 974
21, 690
21,744
22,649
2,645
2,759
3,268
3,869
3,268
3,526
3,667
4,145
4,849
4,650
3,672 |
3,953
5,925
2,174
3,751
6,144
2,061
4, 083
6,109
2,042
4,067
14, 886
6,839
8,047
5,231
2,498
2,732
4,819
1,929
2,890
4,788
1,915
2,873
14,957
7,305
7,652
5,905
2,937
2,969
5,041
3,019
2,022
5,011
2,997
2,014
15,804
7,207
8,597
5,876
2,888
2,988
4,970
3,519
1,451
4,928
3,480
1,447
5,227
2,058
3,170
4,429
3,333
1, 096
4,399
3,309
1,090
17, 497
5,289
12, 208
5,659
2,018
3,641
4,334
2,791
1,543
4,290
2,751
1,539
18, 822
4,519
14,303
4,571
1, 244
3,327
5,431
2,034
3,397
5,407
2,018
3,390
17,962
3,729
14, 233
5,588
1,377
4,212
6,877
1,443
5,435
6,851
1,420
5,431
16, 626
3, 615
13,010
6,003
1,150
4,853
8,063
1,481
6,582
8,039
1,465
6,574
14, 567
3,286
11, 281
9,751
1, 2S0
5,471
7,897
796
7,102
7,844
751
7,093
13,430
3,780
9,651
6,496 1
7,599
1,951
5, 648
7,409
1, 295
6,114
7,373
1,265
6,108
13,615
5,310
8,305
16, 699
6,565
10,134
1,461 '
5,035 !
6,502
58S
5,914 :
6,464
5,90S
13,425
4,654
8,771
r Revised.
i Data no longer collected by the Bureau of the Census.
T For data raised to industry totals, see the 1936 Supplement. Figures shown here are as reported; these were also given in the 1936 Supplement,
t Revised series. For crude rubber consumption, revisions in 1935 not shown in the January 1937 issue or in the 1936 Supplement will appear in a subsequent issue.
} Data are raised to industry totals; see the note explaining these series in the 1936 Supplement.
53
SUEVEY OF CUERENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the January January
1936 Supplement to the Survey
1936
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
STONE, CLAY, AND GLASS PRODUCTS
BRICK
Common brick:
Price, wholesale, composite, f. o. b. plant
dol. per thous Shipments
thous. of brick.
Stocks, end of month
do___
Face brick:*
Shipments
_.do__Stocks, end of month
do
Vitrified paving brick:
Shipments
_
.do...
Stocks, end of month
do...
11. g
11.685
11.691
11.738
11.777
11. 599 11.599
56,471
44, 736 109, 641 154,473 171,418 172,892
417,482 405,866 363,932 322, 719 335, 768 368,638
14,379
9,940
287, 211 297,175
3,892
2,052
79,677
79,730
36,475
288,835
4,856
79,408
51,642
278,152
7,858
76,073
65, 694 67, 340
269,004 264,056
8,972
75, 447
11,476
71, 800
11.779
170,135
398,870
11.813
11.775
172, 748 173,723
417,660 419,872
11.788
11.777
189,104 163, 246
433, 730 450,194
11.818
141,080
456, 543
63,049
264,335
58,946
270,048
58,797
269,206
60,877 ' 46,991
269,685 276, 793
36,970
289, 657
10,920
68,380
8,724
70,683
10, 800
71,400
11,614 r 9, 738
68,319 ' 64,034
5,099
62, 554
PORTLAND CEMENT
Price, wholesale, composite
dol. per bbL.
Production
thous. of bbL.
Percent of capacity
Shipments
thous. of bbL.
Stocks, finished, end of month
do
Stocks, clinker, end of month
do—
1.667
6,633
30.4
4,678
24, 396
6,123
1.667
r 3, 650
16.1
r 3, 917
22,686
5,214
1.667
1.667
«• 3, 475 '5,311
16.4
23.4
r 3,177 r 7,186
22,971
21,126
5,590
5,625
1.667
1.667
1.667
r 8, 612 r 11, 104 • 11, 377
39.2
48.9
52.3
' 9, 182 r 11, 240 • 12, 521
20,571
20,431
19, 281
5,071
5,328
4,912
1.667
1.667
1.667
1.667
• 11, 503 • 12, 599 ' 12, 347 12, 470
56.0
56.2
51.3
57.1
" 11,823 ' 12, 624 " 12,619 13,089
18,079
18,975
18,920 18, 738
4,980
5,079
4,931
4,838
1.667
10,977
50.9
8,942
20,117
5,180
1.667
8,971
40.3
6,246
' 22,441
' 5, 564
792, 220 938,135
747,459 908,603
441,989 434,296
973, 750
964,479
427,509
726,183
679, 623
442, 507
CLAY PRODUCTS
Bathroom accessories:
Production
.__
Shipments
Stocks, end of month
.number of pieces.. 793, 568 245, 321 290, 290 361, 799 426, 292 482,953
do
768,774 196, 571 235,499 321,106 377,971 461,334
do
416,742 361, 063 395, 041 425.365 455,938 458,916
555,949
550, 875
443, 222
722, 763 677,152
716, 715 650,883
431, 774 428,162
GLASS PRODUCTS
Glass containers:
Production
thous. of gross..
Percent of capacity
Shipments
__do
Stocks, end of month
thous. of gross..
Illuminating glassware:
Orders:
New and contract
number of turns..
Unfilled, end of month
do
Production
do
Shipments
_
do
Stocks, end of month
do
Plate glass, production
thous. of sq. ft..
4,039
71.3
3,881
7,393
3,114
52.1
2,916
8,437
3,047
55.4
3,031
8,410
3, 339
58.4
3, 434
8,270
3,604
63.0
3,604
8,224
3,810
69.3
3,996
7,942
68.1
3,999
7, 792
3,844
67.2
4,179
7,488
4,403
77.0
4,346
7,422
3,994
72.6
4,345
7,015
4,250
72.2
4,310
6,828
3,880
74.2
3,611
7,006
4,033
71.2
3,675
7,291
3,356
3,256
3,135
2,776
3,610
6,373
2,261
2,749
2,159
1,965
3,753
17,276
1,853
1,883
2,148
1,978
4,045
13,857
2,110
1,904
1,866
1,913
3,887
16,057
2,381
2,109
2,039
2,127
3,916
19,455
2,193
2,189
2,085
2,086
3,954
19,192
2,355
2,274
2,171
2, 250
4,009
16, 244
2,356
2,474
2,138
1,996
4,135
16,428
2,594
2,620
2,154
2,374
3,123
18, 710
2,899
2,783
2,591
2,684
3,056
19,553
3,433
3,057
3,106
3,095
3,103
20, 753
3,093
2,919
3,049
2,924
3,104
13,084
2,891
2,797
3,299
3,013
3,296
7,371
GYPSUM (QUARTERLY)
Crude:
Imports
.short tons..
Production
do
Shipments
do
Calcined, production
do
Calcined products, shipments:
Board, plaster, and lath
thous. of sq. ft..
Board, wall
_
do
Cement, Keene's
short tons..
Plasters, neat, wood fiber, sanded gauging
finish, etc
short tons..
For pottery, terra cotta, plate glass, mixing
plants, etc
...short tons..
Tile, partition
thous. of sq. ft..
7,735
355, 875
93, 338
310,448
169,477
733,729
• 227,330
• 545,758
251,668
863, 234
265, 849
617,487
248,109
723,319
206, 586
523,389
57, 818
60, 361
5,768
• 116,259
r 96,097
9,676
147,818
83,810
9,776
134,962
82, 363
7,948
205,353
• 370,181
421, 740
340,463
50, 252
3, 960
52,692
4,946
47, 733
4,413
1
38, 834
2,716
r
TERRA COTTA
Orders, new:
Quantity
Value.
short tons.
.--_thous. of dol.
827
104
1,906
211
1,105
138
1,050
146
1,945
215
1,390
159
1,706
202
975
110
1,507
189
1,120
134
28,480
330,262
21,952
327,112
48,330
318,059
68,536
310,262
78,774
312,141
89,415
311,830
90,521
306,998
95,106
303,043
89,264
309,960
982
120
1,492
128
1,372
171
92,643 '71,919
315,242 333,108
62,418
344,131
TILE
Hollow building tile:
Shipments
Stocks, end of month
short tons.
do...
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs.
Shipments
do...
Stocks, end of month
do...
10,099
8,487
19,261
9,252
8,662
19,951
COTTON
Consumption
___
-thous. of bales..
590
516
Exports (excluding linters)
do
538
543
406
Ginnings (total crop to end of month indicated)
thous. of bales.. 11,957
10, 248
Imports (excluding linters)
do
15
14
18
Prices:
To producer
dol. per lb_.
.124
.110
.111
Wholesale, middling (New York)
do
.130
.119
.116
Production (crop estimate)
thous. of bales..
Receipts into sight
_do
819
691
Stocks, end of month:
Domestic, total
...do .
9,281
8,653
Mills
do
2,066
1,436
1,405
Warehouses
do
6,779
7,248
7,845
World visible supply, total
do
7,812
7,385
7,590
American cotton
do i 5,525
5,591
5,918
r
Revised.
* New series. Data on face brick shipments and stocks, compiled by the
prior
to the January 1937 issue, which have not been available since February
10,420
19,464
10,201
10,176
19,589
9,270
9,379
19,581
9,479
8,847
20,314
9,322
20,975
10,111
11,156
19,930
10,828
12,117
18,641
11, 566
12,235
17,972
10,716
10, 846
17, 842
551
405
577
353
531
352
555
607
156
574
182
646
861
627
690
1,374
13
630
570
6,031
9
10
11,494
9
.122
.123
.125
.123
.122
.123
.120
.122
10,420
16
.109
.114
.112
.117
20
12
.112
.117
.114
.120
.126
.132
496
437
381
310
201
7,907
1,337
6, 570
6,825
4,992
7,179
1,190
5,990
6,540
4,574
6,329
1,090
5,239
6,025
4,121
5,514
989
4,524
5,423
3,579
4,834
897
3,938
4,899
3,091
5,089
752
4,337
4,748
2,986
11,280
11,054
18,068
594
2,910
3,510
2,236
11, 705
16
.123
.128
12, 407
1,149
7,655
849
6,806
6,378
4,578
9,431
1,403
8,028
7,679
5,845
10, 211
1,792
8,418
8,151
6,271 i
9,790
2,001
7, 788
8,002
6,038
U. S. Department of Commerce, Bureau of the Census, supersede those shown in the Survey
1936. Data back to January 1934 will appear in a subsequent issue.
54
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
January January
1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
October Novem
August September
ber
July
December
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES
Cotton cloth:
Exports
thous. of sq. yd__ 14,426
15,591
Imports
do
Prices, wholesale:
.081
Print cloth, 64 x 60
dol. per y d . .
.086
Sheeting, brown, 4 x 4
do
Cotton cloth finishing:
Production:
Bleached, plain
thous. of yd_. 113,771
99,100
Dyed, colors
do
5,204
Dyed, black
do
93,741
Printed
do
Stocks, end of month:
179,435
Bleached and dyed
do
79,109
Printed
do
Spindle activity:
Active spindles
.thousands. - 24, 365
8,587
Active spindle hrs., total
mills, of hrs_.
315
Average per spindle in place
hours..
137.7
Operations
per. of capacity..
Cotton yarn:
Prices, wholesale:
.347
22/ls. cone? (Boston)
dol. per lb._
.463
40/ls, southern spinning
do
15, 359
8,034
12, 843
9, 648
13, 750
15,123
.008
.077
.077
.080
. 080
.086
15, 489
9, 489
15, 392
8,799
21, 745
12,316
19, 685
9,836
18, 840
8,680
16, 843
14, 624
18, 527
4,705
.058
.075
.056
.071
.055
.070
.053
.067
.051
.065
.054
.059
.072
97, 435
87, 685
4,554
100, 528
92, 807
90, 390
4,118
91, 860
107, 893 104, 837 105,062 104, 630 101, 904 104, 667 107, 706 121, 419
101, 739 103, 305 98,345
90, 398 91, 620 100. 061 100, 042 105, 698
5,831
4, 364
6,357
6,420
4,140
4,087
7,690
4,675
88,890
95, 274 91, 074 89, 518 90, 338 91, 273 91, 157 86,514
105,188 '123,125
88, 383 '101,301
4,767
'5,670
83, 760 '91,839
197,107
105, 464
198, 508
103,179
172. 559
79,152
183,108
83, 691
23. 323
7,709
266
111.8
23, 348
6,735
233
105.2
183, 292 187,333 191,956 188,124 135, 548 154, 264 171, 340 166, 771
99, 684 93, 275 103, 419 105, 782 94, 557 88, 815 86, 798 80, 329
23,182 23,119
22, 833 23, 021 23, 252 23, 434 23, 514 23, 638
8,328
7,313
6,896
7,254
7,855
7,573
7,320
298
255
251
242
279
270
259
123.3
110.7
105.2
125.8
107.9
119.8
115.8
111.0
23, 806
7,997
288
129.9
24, 090
8,679
313
134. 5
.299
.459
.290
.459
.278
.435
.274
.426
.271
.426
.271
.413
.295
.426
.301
.430
.303
.444
.304
.448
.311
.452
.341
.436-
477
499
392
517
454
447
611
422
399
423
346
433
416
420
551
428
446
495
683
623
626
614
808
672
1,242
633
586
594
537
387
483
504
475
494
538
611
'583
'562
'662
608
2,441
2,072
1,113
1,513
1, 540
.57
.57
.57
.57
.57
.58
.60
.60
.60
.60
.60
1.2
1.1
1.1
1.1
1.2
1.0
0.7
36, 000
3,480
34, 564
4,647
32, 087
4,066
31, 437
4,143
36, 658
4,753
0.3
43, 093
6,953
0.1
32, 053
5,518
0.3
45, 709
6,900
0.2
38, 995
6,275
0.4
42, 016
6,315
1.950
1.784
1.733
1.682
1.600
1.597
1.714
1.791
56, 511
179, 380
64, 680
40, 401
7,214
1.935
167, 689 161, 498 150,266 135, 609 145, 439 156,125 155, 253 157, 500 165,713
53, 689 46, 098 40, 066 35, 409 30,139
29, 825 29, 553 30, 300 40, 713
41, 627
7,275
28,814
12,802
28, 526
7,819
21,167
24, 666
7,357
21,212
116
'106
RAYON AND SILK
Rayon:
Deliveries, index:
539
Unadjusted
1923-25=100. _
550
Adjusted
do
3-mo. moving average
do
Imports
thous. of lb__ "I,"494"
Price, wholesale, 150 denier, " A " grade
.60
(N. Y )
dol. per lb_.
Stocks, producers, end of mo.
0.1
no. of mouths' supply. _
Silk:
Deliveries (consumption)
bales.. 44,198
7,413
Imports, raw
thous. of lb__
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
2.051
dol. per lb__
Stocks, end of month:
Total visible supplyf
bales.. 160,944
50, 544
United States (warehouses)
__do
24, 412
5,802
.059
.075
14, 387
7,098
.060
.075
1,756
180,114
44, 414
WOOL
Consumption of scoured wool:!
Apparel class
thous. of lb_.
Carpet class
do
Imports, unmanufactured
do
Operations, machinery activity:
Combs
percent of active hours to total reported..
Looms:
Carpet and rug
do
Narrow
do
Broad
do
Spinning spindles:
Woolen
do
Worsted
do___.
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb_.
Raw, Ohio and Penn.,
fleeces
do
Suiting, unfinished worsted, 13 oz. (at
factory)
dol. per yd_.
Women's dress goods, French serge, 54" (at
mill).
dol. per yd..
Worsted yarn, 32's. crossbred stock (Boston)
dol. per lb_.
Receipts at Boston, total
thous. of lb_.
Domestic
do
Foreign
do
Stocks, scoured basis, end of quarter, total
thous. of lb_
Woolen, total
do
Domestic
do
Foreign
do
Worsted, total
do__.
Domestic
do
Forpfen
do...
20, 209
7,424
25, 298
20, 554
8,792
23, 883
17, 297
7,036
17,207
20,075
7,227
17, 541
24, 697
9,266
16, 079
23, 005
8,622
17, 546
93
21,477
9,162
19, 639
25,902
11,858
23, 550
24, 021
9,969
25, 548
27,949
11,555
29, 037
109
'123
117
72
106
97
64
56
97
52
44
90
48
34
76
56
43
73
66
46
72
105
96
85
59
87
57
97
68
90
74
96
83
'110
'92
.87
.39
.92
.42
.93
.42
.87
.37
.90
.38
.39
.89
- .38
.38
.90
.39
.98
.43
1.06
.49
1.733
1.782
1.782
1. 745
1.634
1.634
1.652
1.782
1. 955
1.114
1.114
1.074
1.064
1.101
1.139
1.29
66, 708
64. 300
2,408
1.28
21, 694
20,101
1,592
1.26
16,156
13, 153
3,004
1.25
15,478
12,060
3,418
1.34
20, 280
15,515
4,766
1.47
18,911
6,139
12, 772
1.11
.52
1.955
1.151
1.49
28, 602
5,126
23,476
1.733
1.742
1.064
1.101
1.114
1.114
1.114
1.114
1.31
17, 524
6,410
11,113
1.33
18, 581
4. 576
14,006
1.33
22, 258
4,845
17,413
1.30
20, 495
6,071
14, 424
1.28
25, 599
21, 761
3,838
1.30
54, 421
50, 424
3,997
1.782
105,096
44,667
32, 003
12, 664
60, 429
28,470
31,959
'67
52
'94
126,846
44,574
35, 350
9,224
82, 272
65,161
17,111
147, 057
48,747
38, 024
10, 723
98, 310
72, 874
25, 436
128,134
44,076
33,711
10,365
84,058
44, 201
39, 857
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacityStocks, end of month
thous. of gross.
Fur, sa'es by dealers
thous. of dol.
Pyroxylin-coated textiles (artificial leather):
Orders unfilled, end of mo thous. linear yd.
Pyroxylin spread
thous of lb_
Shipments, billed
thous. linear yd-
P
58.4
7,061
3, 792
45.0
7,925
2,493
53.7
7,956
3,761
53.4
7,989
4,045
51.9
8,003
4,053
51.2
8,046
3,857
50.5
8,061
3,133
42.6
7,690
3,433
52.5
7,660
3,575
56.0
7,550
2,808
61.0
7,461
2,297
62.2
7,395
2,850
66.3
7,349
r 3, 941
4,110
5,965
5,618
2,033
3,951
3,715
1,943
3,894
3,876
2,475
5,121
4,689
2,459
5,647
5,118
2,273
5,423
5,013
2,000
4,930
2,460
4,686
4,501
2,612
5,375
4,972
2,668
6,087
5,232
2,410
6,081
5,408
2,684
5,321
5,094
3,633
5,648
5,495
pr Preliminary.
r
Revised.
t Rev'sed series. For data for period July 1930-December 1936 see p. 20 of the February 1937 issue.
i Data for December 1935, January, April, July, and October 1936, and January 1937 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
March 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in
January January
the 1936 Supplement to the Survey
55
1936
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
Commercial (licensed)
Military (deliveries)
For export
r
numberdo._.
do
do...
AUTOMOBILES
Exports:
Canada:
Assembled, total
..number5,250
Passenger cars
do-__
3,330
United States:
32,691
Assembled, total
do
Passenger cars
do___
20,099
Trucks
do-._
12, 592
Financing:
Retail purchasers, total
thous. of dol.
New cars
do._.
Used cars
do__.
Unclassified
do._.
Wholesale (mfrs. to dealers)
do...
Fire-extinguishing equipment, shipments:
Motor-vehicle apparatus
number .
50
Hand-type
-.
_do._.
39,001
Production:
Automobiles:
Canada, total
do...
19, 583
Passenger cars
do._.
15, 009
United States, total
d o . . . 379, 843
Passenger cars
d o . . . 309, 594
Trucks
do...
70, 249
Automobile rims
thous. of rims.
2,124
Registrations:
New passenger cars
number. ' 256,000
New commercial cars
do
' 47,000
Sales (General Motors Corporation):
To consumers in U. S__
do
92,998
To dealers, total
do
103, 668
To U. S. dealers
do...
70,901
Accessories and parts:
154
Shipments, combined Index..Jan. 1925=100.
178
Accessories for original equip
do._.
93
Accessories to wholesalers
do
116
Replacement parts._
do__.
Service equipment
do...
'209
149
-70
'52
' 27
'233
106
'95
'32
••308
201
' 72
'35
'394
'240
' 73
'81
'263
'136
'59
'68
'366
'260
'45
'61
'212
' 124
'68
20
247
120
96
31
207
99
70
32
267
107
95
65
3,904
2,772
35, 289
24, 788
10, 501
6,607
5,143
4,573
3,537
7,603
1,607
3, 726
3,108
5,222
3,945
4,424
3,438
4,545
3,367
3,414
2,335
3,514
2,153
2,886
1,822
5,132
4,715
25, 654
15, 867
9,787
25,959
16,046
9,913
28.920
18.921
26,053
17, 723
8,330
28,575
17, 727
10, 848
24,042
14, 987
9,055
22,525
12, 714
9,811
15,728
8,323
7, 405
10,939
4, 564
6,375
16, 720
9,894
6,826
27,428
20, 032
7,396
88, 649
56, 284
31,868
498
118,872
87,169
55,232
31,432
505
113,830
143,515
94,664
48,044
807
154,147
172,982
116, 297
55, 705
980
189,481
38
30,135
42
23, 531
52
30,639
53
32,430
13, 302
11, 261
364, 004
298, 274
65, 730
1,877
13, 268
10, 853
287, 606
224,816
62, 790
1,261
18, 021
14, 488
420, 971
343, 523
77,448
1,841
215, 782
43, 760
176, 668
40,301
102, 034
158, 572
131,134
176, 316 186, 550 168, 685 140, 436 122,158 100, 696 ' 107,837 141, 036
116, 569 125,916 112, 795 91, 206 76, 563
58, 486 • 70, 572 94. 075
59, 606 54,980
58,695
48, 368 44,768 41, 580 • 36, 598 46, 055
1,028
828
1,051
910
861
630
' 667
906
180, 665 174, 277 162, 404 127, 032 55,341
72, 086 129,829
180, 442
48
32,496
56
35,110
67
38,560
69
36,573
59
31,105
64
34, 309
60
31,440
71
35,106
24,951
20, 247
502, 775
417,133
85, 642
2,258
20, 006 16, 400 10, 475
4,660
4,655
5,361
10, 812
3,051
2,481
16, 389 13,126
8,192
4,592
10, 086
460, 565 452,955 440,999 271, 291 135, 130 224, 628 394, 890
385, 507 375, 894 372, 402 209, 754 90, 597 190,688 341,456
75, 058 77, 061 68, 597 61, 537 44,533
33, 940 53,434
1,876
935
1,104
1,960
1,716
2,173
1,847
20,411
16, 542
498, 721
426,019
72, 702
1,942
301, 272
51,817
397,190
57, 000
392, 750 369,423 357, 490 262, 912 208, 896 171,319 223, 560 • 327, 303
62,183
56, 000 63, 695 59, 222 54,611
41, 207 30, 222 r 42, 208
96,134
144,874
116, 762
181, 782
196, 721
162, 418
200,117
229, 467
194, 695
194, 628 189, 756 163, 459 133,804
222, 603 217, 931 204, 693 121, 943
187,119 186,146 177, 436 99, 775
145
156
170
114
85
123
127
160
116
84
149
160
120
109
97
162
181
130
125
104
170,074
1,741
205, 500
11.9
33, 608
27,414
6,194
173, 507
1,791
256,511
14.6
11,315
4,444
6,871
172,939
1,784
254, 598
14.5
12, 629
4,052
8,577
172, 620
1,780
249,296
14.2
13, 478
5,471
8,007
172, 460
1,778
253,125
14.5
15, 683
7,035
2,167
44,011
7,228
16.5
95
119
362
339
23
2,199
45,179
9,825
21.8
81
284
5
0
5
2,197
45, 088
9,556
21.2
46
138
37
30
7
2,194
45, 009
9, 642
21.4
53
132
52
40
12
2,193
44, 966
9,610
21.4
60
103
52
40
12
150
163
110
130
113
157
166
112
151
115
136
145
88
148
109
110
108
75
147
106
85, 201
19, 288
4, 669
114
108
98
153
105
44, 274 155, 552
90, 764 191, 720
69, 334 156, 041
173,472
239,114
197, 065
150
167
96
139
103
164
198
83
113
91
138
144
99
158
109
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars owned & on order, end of mo.:
Owned:
Capacity
mills, of lb.
Number
thousands.
In bad order
number.
Percent in bad order
Orders, unfilled
cars.
Equipment manufacturers
do...
In railroad shops
do
Locomotives owned and on order, end of mo.:
Owned:
Tractive effort..
mills, of lbNumber
Awaiting classified repairs
numberPercent of total
Installed
numberRetired..
do__.
Orders, unfilled
do...
Equipment manufacturers
do._.
In railroad shops
do
Passenger cars:
Owned by railroads
do_._
Unfilled orders
do
172,341 172,156 172,033 171,934 171, 700 171,710 171, 586 r 170, 410
1,772
1,759
1,776
1,769
1,767
1, 745
1,762
1,763
205, 146
260, 013 254, 447 258,198 256,903 241, 573 226, 095 217,243
14.6
12. 5
14.9
14.7
11.9
14.8
13.0
13.9
23, 421
22, 964 25,311
24, 373 20, 530 1-8, 434 13, 291 16, 579
17, 755
14, 646 15, 907 15, 092 12, 924 11,787
7, 251 10, 974
9,404
5,605
5, 666
8,318
7,606
6,647
9,281
6,040
2,189
44, 835
9,389
21.0
65
196
58
49
2,186
44, 743
9,119
20.4
91
184
67
59
2,185
44, 682
8,906
19.9
60
124
65
57
2,182
44, 564
8,736
19.6
53
171
43
35
8
39,912
139
40,199
65
2,179
44,451
8, 369
18.8
106
215
50
44
6
2,176
44, 314
7,929
17.9
57
223
67
64
3
2,173
44, 208
7,782
17.6
58
157
111
102
9
r 2, 167
'44,035
7, 350
16.7
250
297
279
18
39, 602
177
' 39, 705
183
(V. S. Bureau of the Census)
Locomotives:
Orders, unfilled, end of mo., total
Domestic
Electric
Steam
Shipments, domestic, total
Electric
Steam
Industrial electric (quarterly):
Shipments, total
Mining use
do..
do..
do..
do..
do..
do..
do..
387
384
30
354
16
3
13
101
95
33
62
4
3
1
106
100
33
67
5
0
5
do..
do..
114
111
35
76
11
2
115
112
37
75
12
3
106
101
35
66
18
2
16
113
102
39
63
13
2
11
125
117
330
321
34
287
9
3
6
104
103
368
364
31
333
21
3
18
109
104
(American Railway Car Institute)
Shipments:
Freight cars, total
Domestic
Passenger cars, total
Domestic
New orders:
Freight cars
Locomotives
Passenger cars
do.
_do.
do.
do.
2,846
2,766
2
2
746
746
0
0
430
430
0
0
189
186
4
4
2,168
2,066
5
5
2,514
2,299
5
5
2,172
2,056
12
12
do.
do.
...do.,
10,881
46
70
1,050
'18
'32
7,236
46
37
627
13
0
3,650
15
50
9,677
10
0
4,320
24
20
1,930
1,924
0
0
3,854
3,804
2
2
4,964
4,963
1
1
5,205
5,205
40
40
3,799
3,799
16
16
3,513
3,483
12
12
4,469
9
34
r
Revised.
3,225
3
0
3,100
24
1,310
22
5
1, 550
174
50
17, 230
88
34
(Railway Age)
9 Preliminary.
SURVEY OF CUEEENT BUSINESS
Monthly statistics through December 1935, to- 193?
gether with explanatory notes and references
to the source of the data may be found in the January
January
1936 Supplement to the Survey
March 1937
1936
February
March
April
May
June
DecemAugust SeptemOctober November
ber
ber
July
TRANSPORTATION EQUIPMENT—Continued
6
0
6
88
84
4
OOOOO
RAILWAY EQUIPMENT—Continued
< U. S. Bureav of Foreign and Domestic Commerce)
Exports of locomotives, total
>_-_number..
Electric
--do
Steam
do
3
2
1
2
0
2
113
110
3
125
115
10
112
101
11
124
113
11
103
129
122
7
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
Shipments, total
Domestic—
Exports
SHIPBUILDING
number..
do
do
•United States:
Vessels under construction, all types
thous. gross t o n s . .
Steam and motor
_
do
Unrigged
do
Vessels launched, all types
gross t o n s . .
Powered:
Steam
do
Motor
do
Unrigged
do
Steel.
do
Vessels officially numbered, all types
gross t o n s . .
Steel
do
World (quarterly):
Launched:
Number
.ships. .
Tonnage
thous. gross t o n s . .
Under construction:
Number
ships.Tonnage
_thous. gross t o n s . .
112
99
13
146
6
36, 591
20, 791
m
119
64
55
5,834
133
76
57
12, 277
137
78
59
10,543
154
86
68
26,929
154 t
91
63
25, 507
154
94
60
5,161
213
132
81
3,911
221
169
52
9,999
210
159
51
23,282
201
151
50
24,007
223
153
70
12, 298
248
180
68
24,048
0
350
5,484
5,484
7,500
100
4,677
12, 277
0
1,699
8,844
10,543
7,300
905
18,724
26,929
8,850
576
16, 081
25,161
0
125
5,036
5,036
0
475
3,436
3,436
0
1,441
8,558
9,758
9,300
0
13,982
23, 282
7,451
810
15, 746
24,007
9,874
250
2,174
12, 098
16, 614
297
7,137
24,048
17, 576
10, 242
18, 429
17, 297
20,898
13, 386
21,321
8,024
24,442
15,442
22,040
12,885
15,949
11, 407
14,118
3,992
5,953
2,857
44,091
33, 423
31.871
22, 607
44, 737
14, 879
148
394
230
467
258
516
253
684
537
1,820
588
1,951
581
2 111
618
2,251
CANADIAN STATISTICS
Physical volume of business:
Combined index
..1926= 100._
116.9 ' 106. 2 r 104.8
Industrial production:
119.4 ' 107.9 r 105.0
Combined index
do
37.7
'70.0
'44.5
Construction
do
223.5 ' 201. 5 '
196.3
Electric power
do
122.8 ' 104.1 r 100. 8
Manufacturing
do
149.9 ' 105. 2 ' 111.2
Forestry
_
..do
156.8 ' 135.1 r 165.6
Mining
_.do
Distribution:
109.8 '101.3 ' 104. 2
Combined index
do
79.4
'75.2
Carloading
-do
'71.3
107.4
'92.9
Exports (volume).
do
'92.9
93.3
'82.5
Imports (volume)..
do
'81.4
131.2
127.3
Trade employment--.
do
124.0
Agricultural marketings:
42.0
'54.4
Combined index
do
'59.1
29.6
'48.0
Grain
do
' 51.3
97.2
Livestock
...do
'83.7
'94.3
•Commodity prices:
81.6
'80.1
Cost of living
...do
'80.4
72.9
72.5
Wholesale prices
do
81.3
Employment (first of month):
103.8
98.4
99.1
Combined index
do
61.2
74.4
74.8
Construction and maintenance
do
102. 4
98.5
96.8
Manufacturing
__
do
145. 0
129.4
129.9
Mining-.
_
do
116.4
124. 8
118.0
Service
do
121.6
13(5.9
135. 9
Trade
do
78.2
81.4
77.9
Transportation
do
Finance:
Banking.:
322. 7
2,767
2, 992
Bank debits
..mills, of dol._
70.4
'80.7
85.5
Interest rates
1926=100..
104
131
Commercial failures
...number..
Life insurance, new paid for ordinary
thous. of doL. 28, 764 34, 221 30,240
Security issues and prices:
207, 282 133, 384 138,853
New bond issues, total
do
3.37
4.10
3.86
Bond yields.—
_ .percent-137.4
112.9
120.7
Common stock prices
1926=100..
Foreign trade:
64,744
62, 798
Exports, total
thous. of dol.. 83,416
51, 883 40, 590 41,597
Imports
do
Exports:
14, 241
7,557
Wheat
thous. of bu.. 9,789
314
314
340
Wheat
flour.
_
thous. of bbl__
Railways:
192
173
180
Carloading
thous.
of
cars-Financial results1.
22, 234 22, 597
Operating revenues
thous. of dol..
21,440
21,187
Operating expenses
.
do
339
<*205
Operating income
-do
Operating results:
1,814
1,763
Freight carried 1 mile
mills, of tons..
117
Passengers carried 1 mile
mills, of pass..
117
Production:
Electrical energy, central stations:
2,091
2,319
1,938
mills, of kw.-hr_.
61
66
56
Pigiron
thous. of longtons-.
94
100
J15
Steel ingots and castings
do
1,009
1,019
Wheat
flour
thous. of bbl_.
d
Deficit.
' 104.0
'111.0
' 107. 6
' 111. 1
' 110.8
' 113.5
120.0
' 121. 5
' 118.0
' 118. 4
' 105. 2
'52.4
' 210.4
' 102. 2
' 116. 0
' 142.9
' 113.1 ' 108. 5
'39.3
'39.5
' 223.0 ' 210.3
' 110. 7 ' 106.4
' 125. 6 '116.3
' 174.1 ' 165. 5
'113.0
'48.2
'215.8
'111.3
' 124.1
' 160.6
' 112.0
'43.7
' 215.8
' 109.5
' 124. 2
' 169.0
' 115.8
'37.9
' 212.4
'114.8
'121.9
' 180.8
123.9
44.5
211.0
126.5
128.2
171.7
' 125. 5
'44.0
' 225.7
' 129. 0
' 132.4
' 163. 0
' 121. 7
'42.7
215.6
' 125. 5
' 133.0
' 157.2
' 121.1
'40.8
219.3
' 123.1
'150.4
' 168.5
' 100. 5
'72.2
'87.8
' 74. 5
124.2
' 104.8
'74.6
' 109.8
'87.6
125.1
' 104. 9 ' 105. 6
'73.6
'71.8
' 106. 5 ' 104.3
' 82. 9 ' 88. 7
127,8
128.5
' 107. 3
'79.3
' 107.9
'85.7
128.0
' 106. 9
'79.5
'117.5
'79.0
127.2
108.5
'81.6
108.7
'85.3
129.1
'109.9
'78.0
' 115.8
'96.6
130.2
' 107. 4
'74.4
' 106.1
'95.7
129.0
' 110.6
'85.0
' 107.6
'93.5
' 129. 5
'77.1
'73.5
' 93. 0
'81.1
'77.9
'95.0
'45.1
' 149.5
' 163. 5 '32.4
'86.7 ' 101.8
'77.5
'74.8
'89.2
'J17.6
' 124. 5
'86.9
116.6
120.1
100.9
'90.3
'89.9
'92.2
80.4
72.4
' 79.6
72.2
80.0
71.8
'80.0
72.3
80.4
74.4
81.0
76.2
'81.1
76.4
'81.1
77.1
98.9
78.2
99.5
129.1
117.5
123.1
78.9
97.4
71.8
101.1
128.2
118.5
121.0
78.5
99.5
79.4
102.7
127.4
120.4
123.3
82.8
102.0
87.0
103.4
132.1
123.0
127.1
85.4
104.6
97.4
104.7
134.1
131.7
127.3
87.1
105.6
102.9
104.9
137.9
135.8
126.3
88.7
107.1
109.0
105.9
140.2
137.5
126.3
89.4
2,599
77.3
103
2,774
78.5
100
2,979
76.6
91
3,136
73.3
100
2,894
72.0
104
2,619
71.2
87
3,134
r 72. 7 I ' 51.0
'67.9 i '40.1
'94.0
'99.6
'81.4
77.2
110.1
111.0
103.9 ! 99.6
109.0
107.7
147.9
151. S
127.4
124.9
129.6
132.0
88.3
87.1
3, 328 i 3,303
72.2 I 71.8
94 j
94
'81.7
79.7
I
|
!
i
:
!
110.1
80.1
107.0
150.3
122.4
136. 0
86.5
3,405
69.7
31, 664
30,147
28, 977
32, 277
32, 573
25,011
26,966
30,092
37,813
36, 904
123,332
3.70
117.4
103,186
3.76
115.9
47, 826
3.67
112.8
190,179
3.51
113.8
70, 692
3.45
114.3
26, 791
3.41
114.7
177.870
3.35
119.5
124,665
3.46
126.9
51,018
3.44
131.8
94, 279
3.34
129.2
74,582
52, 681
57, 964
42, 217
84, 515
59,121
79,942
57, 598
84,968
53, 821
93, 530
50,258
89, 582
52,983
113,003
65,159
122,866
66,169
99, 407
52, 996
13,146
6,752
281
27, 317
449
25, 764
430
25,913
445
21,157
388
26, 917
464
33,309
409
20, 428
475
206
193
190
201
203
222
20,720
378
251
263
220
26, 050
22, 320
2,586
27, 022
23, 789
1,953
26, 049
24,049
832
27,301
25,335
890
28, 637
26,026
1,615
33,103
25, 574
6,609
33, 840
24,700
8,255
29, 034
22,160
5,884
2,081
125
1,990
128
1,775
148
1,941
195
2,364
183
3,055
165
2,721
127
2,376
107
'2,165
54
107
1,009
2,083
59
95
1,196
2,029
56
82
1,149
2,021
35
69
1,301
2,020
39
80
1,363
2,042
52
86
1,516
477
192
25, 535
22,465
1,914
2,056
126
'2,136
54
101
1,172
' 2, 381 ' 2,262
70
74
98
99
1,701
1,459
2, 325
68
104
1,090
* Revised.
U . S . GOVERNMENT PRINTING O F F I C E : 1 9 3 7
INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
52
Acceptances
31,32
r
Accessories—automobile
.
55
Advertising
25, 26
Africa, United States trade with.
37
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
31,32
Air-conditioning equipment
49
Air mail
26
Airplanes
38,55
Alcohol, denatured, ethyl, methanol
39
Aluminum
.
.
50
Animal fats, greases
39
Anthracite industry.
_ 22,29,45
Apparel, wearing
23,28,30,53
Argentina, United States trade with; exchange; flaxseed stock
33,37,40
Asia, United States trade with
_
37
Asphalt
46
Automobiles.. _
22,26,28,30,55
Babbitt metal
_
50
Barley
.
42
Bathroom accessories
53
Beef and veal
43
Beverages, fermented malt liquors and distilled spirits
41
Bituminous coal
22,29,45
Boilers and boiler fittings m
49
Bonds, prices, sales, value, yields
35,36
Book, publication
52
Boxes, paper, shipping
52
Brass
_
51
Brazil, coffee; exchange; United States trade
with
_
_
33,37,44
Brick
53
Brokers' loans
32
Bronze
51
Building contracts awarded
24
Building costs
25
Building materials
_
24,47
Business activity index (Annalist)
22
Business failures
32,33
Butter
__
_
41
Canadian statistics
56
Candy
44
Canal traffic
38
Capital issues
35
Carloadings
22,38
Cattle and calves.
43
Cellulose plastic products
40
Cement
. - 22,28,30,53
Chain-store sales
26, 27
Cheese
41
Chile, exchange, United States trade w i t h . . 33,37
Cigars and cigarettes
44
Civil-service employees
29
Clay products
28,30,53
Clothing
23, 24, 28,30, 53
Coal__
.
_
22,29,45
Cocoa
_.
44
Coffee
23,24,44
Coke
_
45
Collections, department stores
27
Commercial paper
31,32
Communications
,
38
Construction:
Contracts awarded, indexes
24
Costs
.
25
Highways.25
Wage rates
31
Copper
50
r
Copra and coconut oil
40
Corn
42
Cost-of-living index
23
Cotton, raw and manufactures
23, 24, 53, 54
Cottonseed, cake and meal, oil
40
Crops
23,40,42,43,53
Dairy products
23,24,41,42
Debits, bank
32
Debt, United States Government
34
Delaware, employment, pay rolls
29,30
Department-store sales and stocks
27
Deposits, bank
.
..
32
Disputes, labor
29
Dividend payments
36
Douglas
fir—
47
Earnings, factory
30,31
Eggs__
23,44
Electrical equipment
50
Electric power, production, sales, revenues.- 22,41
Electric railways
37
Employment:
Cities and States
.
29
Factory
_
27,28,29
Nonmanufacturing
29
Miscellaneous
29
Emigration
38
Enameled ware.
48
Engineering construction
25
England, exchange; United States trade
with..
33,37
Exchange rates, foreign
_.
33
Expenditures, United States Government
34
Explosives
39
Exports
37
Factory employment, pay rolls
27,28,29,30,31
Failures, commercial
32,33
Fairchild's retail price index
23
Page
Fares, street railways37
Farm employees
29
Farm prices, index
23
Federal Government,
finances
34
Federal-aid highways
25,29
Federal Reserve banks, condition of.
_
32
Federal Reserve reporting member bank
statistics
32
Fertilizers
39
Fire-extinguishing equipment
.
55
Fire losses
.25
Fish oils and
fish—,
39,44
Flaxseed. _
40
Flooring, oak, maple, beech, and birch
47
Flour, wheat.
43
Food products
22-24,28,30,41
Footwear
46,52
Foreclosures, real estate
25
Foreign trade, indexes, values
37
Foundry equipment
49
France, exchange; United States trade with_ 33,37
Freight cars (equipment)
55
Freight carloadings, cars, indexes
38
Freight-car surplus
38
Fruits
_
- - 23,42
Fuel equipment
49
Fuels
45,46
Furniture
47
Gas, customers, sales, revenues
41
Gas and fuel oils
45
Gasoline
45
Gelatin, edible
44
General Motors sales
55
Glass and glassware..
22,28,30,53
Gloves and mittens
.
46
Gold
.
33
Goods in warehouses
.
26
Grains
- 23,24,42,43
Gypsum
53
Hides and skins.—
—-.
24,46
Hogs
--43
Home loan banks, loans outstanding
25
Home Owners' Loan Corporation
25
Hosiery
53
Hotels
-.
29,31,38
Housing
23
Illinois, employees, factory earnings
29,30,31
Imports
37
Income-tax receipts
34
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
33
Interest payments
36
Interest r a t e s . . .
___32
Investments, Federal Reserve reporting member banks
_
32
Iron, ore; crude; manufactures
22, 48
Italy, exchange; United States trade w i t h . . 33,37
Japan, exchange; United States trade w i t h . . 33,37
Kerosene
46
Labor turn-over, disputes
29
Lamb and mutton
43
Lard
_._
43
Lead
22,50
Leather
— 22,24,28,30,46
Leather, artificial
54
Liberty bonds
35
Linseed oil, cake, and meal
.
40
Livestock
23,24,43
Loans, agricultural, brokers', time, real
estate.
31,32
Locomotives
.
55
Looms, woolen, activity
54
Lubricants
.
46
Lumber22,24,27,28,47
Lumber yard, sales, stocks
47
Machine activity, cotton, silk, wool
54
Machine tools, orders
49
Machinery
27,28,30,49,50
Magazine advertising
25,26
Manufacturing indexes
22
Marketings, agricultural
23
Maryland, employment, pay rolls
29,30
Massachusetts, employment, pay rolls
29\ 30
Meats.
43
Metals.
22-24,27-30
Methanol
39
Mexico:
Silver production
,
34
United States trade with
37
Milk
42
Minerals
22,45,50
Money in circulation..
33
Naval stores
.
39
Netherlands, exchange
33
New Jersey, employment, pay rolls
29,30
Newsprint
52
New York, employment, pay rolls, canal
traffic
29,30,38
New York Stock Exchange
35,36
Notes in circulation
32
Oats
42
Oceania, United States trade with
37
Ohio, employment
29
Ohio River traffic
38
Oils and fats
.
39
Oleomargarine
40
Paints
_
_
_
41
Page
Paper and p u l p . - . . - . .
23,24,28,30,51,52
Passenger-car sales index
.
26
Passengers, street railways; Pullman
. . . . 37,38
Passports issued-.
.
-38
Pay rolls:
Factory
....*
.
30
Factory, by cities and States
*
-.
30
Nonmanufacturing industries.30,31
Pennsylvania, employment, pay rolls
.
30
Petroleum and p r o d u c t s . - . 22,24,28,29,30,45,46
Pig iron
.
.
22,48
Pork
....—
43
Postal business.----- .
26
Postal s a v i n g s — - . - .
32
Poultry
———
23,24,44
Prices:
Cost of living, indexes
23
Farm indexes———-.
._
23
Retail indexes.,
...
23
Wholesale indexes.23,24
World, foodstuffs and raw material
24
Printing
,
.,
28,30,52
Production, industrial
22
Profits, corporation..
..<(.34
Public finance _.
,
34
Public utilities..—*
24,29,30,36
Pullman Co
..
38
Pumps
.
49
APurchasing power of the dollar
24
Radiators..-.
._
48
Radio, advertising
......
26
Railways; operations, equipment, financial
statistics. __—.._
_
38,55,56
Railways, street-. .
.
37
Ranges, electric—
50
Rayon
.
...
...
54
Reconstruction Finance Corporation, loans
outstanding
.
.
34
Refrigerators, electric, household
.
50
Registrations, automobiles
..
55
Rents (housing), index
.
...
23
Retail trade:
Automobiles, new, passenger. . . . . . . . . . . . . .
26
Chain stores:
5-and-10 (variety)
26
Grocery
.....
.
....
26
Department stores
... ...
;..
27
Mail o r d e r . . .
;.
27
Rural general merchandise— - . . . . - . — . . . _ 27
Roofing...
.
...
.
..*
40
Rice.
......._..—.
42
Rubber, crude; scrap; clothing; footwear;
tires
22, 24,28,30,52
Rye.
......
43
Sanitary w a r e . . .
.
..-._..—..
48
Savings deposits
...
...
32
Sheep and l a m b s . .
....
.
,.
•'- — .
43
Shipbuilding
22,28,30,56
Shoes
22,24,28,30,46
Silk
22,23,24,54
Silver
22,34
Skins
46
Softwoods
.
.....
47
Spain, exchange
.....
33
Spindle activity, cotton
.._;
.......__
54
Steel, crude; manufactures
. - . 22,48,49
Stockholders
.....
36
Stock indexes, domestic and world
.
.
23
Stocks, department stores
..
.*....
27
Stocks (see individual commodities).
Stocks, issues, prices, sales
...^._.
36
Stone, clay, and glass p r o d u c t s . . . . . . 22* 28,30,53
Sugar
.
23, 24,44
Sulphur
;_•._.;
,.....,
39
Sulphuric acid
....—.„.....
39
Superphosphate
. -. .
...............
39
Tea
L 23,24,44
Telephones and telegraphs...
.
...-•
38
Terneplate...
, *„.•
......
50
Terra cotta
...
.
.....
53
Textiles, miscellaneous products.
54
Tile, hollow building ;
..
..r, ,
53
Timber
47
Tin and terneplate
..
.
.
. . 23,24,50
Tires
22,24,28,30,52
Tobacco
22,26,28,30,44
Tools, machine
......_......
49
(.......
Trade unions, e m p l o y m e n t . . . . . .
.*..-.
29
Travel
38
Trucks and tractors, industrial e l e c t r i c . . . . 56
United Kingdom, exchange; United States
trade with
...
, . „ . 33,37
Uruguay, exchange.-..
. . -..,..
33
United States Steel C o r p o r a t i o n . . . . . . . . 31,36,49
Utilities.
29,30,34,35,36,41,55
Vacuum cleaners
...
......
50
Variety-store sales index..
.............
26
Vegetable oils
. . . . _ - . . ^ _ 39,40
Vegetables
. , . , . . . 23,42
Wages
31
:....
Warehouses, space occupied....
. -..*•
26
Waterway traffic
. .
.......
38
Wheat and wheat
flour
23,24,43
Wholesale prices
. . . . . . . . * . . . . 23,24
Wire cloth
_....._..........
51
Wisconsin, employment, pay r o l l s . . . . . . . 29,30,31
Wood pulp
-_.................
SI
Wool
...^.^-..
. . . . . . . . ^ . . - . . 22,54
Zinc
—....
. . . . 22, 50
Recent Publications of the
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1936 SUPPLEMEMT T© THE SUM' VEY OF CURRENT BUiMESS
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districts, for 1935.
Th« above publications may be secured from the Superintendent of Documents, Government Printing Office, Washington,
D. C*» or from any district office of the Bureau of Foreign and Domestic Commerce, United States Department of Commerce.
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