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MAY 1934
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
VOLUME 14
NUMBER 5
nnouncin.
FOREIGN COMMERCE YEARBOOK
1933
This publication continues the series of annual compilations of world economic statistics previously published by
the Department as Commerce Yearbook, Volume II.
The present volume contains brief statistical reviews of 66
foreign countries, including data on production, transportation, labor conditions, and currency through the year 1932.
It also- shows total exports and imports of each country
over a period of several years; exports and imports by principal commodities and countries, and trade with the United
States; comparative world statistics, by countries, on areas,
population, agriculture, manufacturing, transportation, communications, and finance.
Obtainable from any of the district offices of the Bureau
of Foreign and Domestic Commerce or direct from the Superintendent of Documents, Government Printing Office, Washington, D.C. Price, $1.
Number 5
MAY 1 9 3 4
Volume 14
WEEKLY DATA THROUGH APRIL 28, 1934
MONTHLY DATA THROUGH MARCH
SURVEY OF
CURRENT BUSINESS
PUBLISHED BY-
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN
AND DOMESTIC
COMMERCE
WASHINGTON
CONTENTS
STATISTICAL DATA—Continued
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1930-34
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Real estate and construction
Transportation
,
Survey of individual industries:
Automobiles and rubber
Forest products
Iron and steel
Textiles
SPECIAL ARTICLE
Index of cash income from farm marketings
STATISTICAL DATA
Revised series:
Gas; customers, sales, and ^revenues
Weekly business statistics
Monthly business statistics:
Business indexes
.
Commodity prices
2
3
4
5
6
7
8
9
10
11
12
13
14
15
1»»
2>)
21
22
2S
Monthly business statistics—Continued
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metal and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
Index of revisions made in December 1933 issue
General index
Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year, which includes the 12 monthly numbers, the 1932 annual
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54480—34
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Inside back cover
SURVEY OF CURRENT BUSINESS
Mav 1934
Business Indicators
1923-25=100
INDUSTRIAL
INDUSTRIAL PRODUCTION
160
160
100
100
40
40
PRODUCTION
MINERALS (AD JUS TED) ¥ \
MANUFACTURES (ADJUSTED)*<*2*p~~>r++J
Mill
Mill
Mill l l l l l h l l l l
M i l l 1 1 1 1111 1 \\111
\\\\\\\\
CONSTRUCTION CONTRACTS AWARDED
FACTORY EMPLOYMENT AND PAYROLLS
160
200
UNADJUSTED
100
0 I! I i 111 Ml II 11 ! III ' 11 M I I M l ! 111! 11: i r*i 11III M l l i i LIILLIJ 1
160
TOTAL FREIGHT CAF> LOADINGS
FREIGHT CAR LOADINGS L.C.L
1
1601
i
100
ED
!
UNADJUSTED •
40
fim
JJilllL
irni M I I I I I I M I I M I I I
40bli
I 11II1111II
I ! ! I I I I I ! l l 1 S M H I 11 I I I I M i l
WHOLESALE PRICES
DEPARTMENT STORE SALES
aoo
160
100
100
40LLL
VALUE OF IMPORTS
VALUE OF EXPORTS
200
200
100
!00
^r-ADJUSTED
1
0 iiiiihnii
^-ADJUSTED
ll
IIIHIM III
1
0 inn HIM 1
FEDERAL RESERVE MEMBER BANK LOANS*
BANK DEBITS OUTSIDE NEW YORK CITY
160
200
\ ,
100
100
UNAL1JC/STED*
linn
19 30
l
19 3 1
* ADJUSTED FOR SEASONAL VARIATION
1
1111111 ll II
1 93 3
MM! Ill 1 II
1934
* REPORT/NG
Illlllllll!
MEMBER
4 0 LL
\ 1930
BANKS
SURVEY OF CURRENT BUSINESS
Mav 1934
Business Situation Summarized
ONTINUED gains in business activity are indi- the year, and automobile production has expanded
C
cated by the statistical data for March and the further. The adjusted index of electric-power output
early weeks of April. Expanding productive activity also advanced above the March level.
has been accompanied by an increase in employment
and pay rolls; a gain in retail sales; higher foreign trade
totals; and an advance in primary distribution. The
construction industry has been an outstanding exception to the general trend, as the increase in contracts
let during March was followed by a drop in the first
3 weeks of April; the seasonally adjusted index of
construction has receded to 35 percent of the 1923-25
average, 23 points below the index of last December.
Manufacturing production increased during March
by more than the usual seasonal amount. The adjusted
production index, at 82 percent of the 1923-25 average, was 15 percent higher than last November, which
marked the low point of the four months' decline after
the peak of July 1933. Expansion in output was most
pronounced in the automobile industry. Increased
production was also reported for the iron and steel,
lumber, and plate-glass industries. Textile output
was higher, alter allowance for seasonal trends. The
increase in cement production was less than the usual
seasonal change, and the food industries included in
the production index showed a rather sharp decline.
In the first 3 weeks of April those industries for which
current data are available revealed mixed trends, but
aggregate production apparently continued to move
upward. Steel mill operations rose during this period
to 54 percent of capacity, the highest operating rate of
A marked rise in the production of coal during
March raised the adjusted index of mineral production
to 100 percent of the 1923-25 average, the highest point
reached since the middle of 1930. The high rate of
production was not maintained in April.
Freight-car loadings, which expanded by more than
the usual seasonal amount in March, declined during
the first 3 weeks of April, primarily, as a result of the
drop in coal loadings. The index of department store
sales rose 10 percent in March as compared with February; retail automobile sales advanced sharply; and
chain store and mail-order sales also increased. Exports and imports were substantially higher in value.
Employment gains, as reported by the Department
of Labor, were general among both manufacturing and
nonmanufacturing industries in March; the number of
unemployed, however, remains very large and relief
demands heavy. Pay-roll gains in March were larger
relatively than the increases in employment. For
factories, the seasonally adjusted index of employment
was up 2.9 percent, while pay rolls increased G.7 percent
Financial markets have undergone no marked
change. By the third week in April the inflow of gold
was reduced to a very small total, and the dollar had
dropped below par in terms of the French franc. Excess
reserves of the member banks have risen still further,
but changes in the volume of member bank loans and
investments have been minor. New capital flotations
have been in very small volume.
MONTHLY BUSINESS INDEXES
Factory em-|i
j ployment !
land pay rolis
Industrial production
Unadjusted 1
Adjusted *
Department;) Foreign
store sales, j trade, value,
value
II adjusted 2
Freight-car loadings
Merchandise, l.c.1.
Total
I*
!
Year and month
s
G
S
i
H
f
cs
I
3
-2
i
Monthly average, 1923-25=100
1931: March
1932: March
1933:
March
April
May
June
July
August
September..October
November
December
1934:
January
February
March
Monthly a v e r a g e ,
January t h r o u g h
March:"
1932
1933
1934
77.9
66.4
89
68
91
66
60
67
80
91
96
58
68
80
93
97
85
78
72
69
84
77
70
67
78
92
100
91
84
77
72
75
77
83
87
76
82
86
78
81
84
70
63
«*•> i
li
V
Monthly
average,
1926=100
76.0
66.0
60.2
60.4
62.7
65.0
68.9
69.5
70.8
71.2
71.1
70.8
74.9
52.3
75
58
80
61
59
75
89
75
92
69
97
72
62
40
59
37
98.4 j
69.6
36.9
38.6
42.0
46.2
49.9
55.7
74.3 I 57.6
73.9 57.4
72.4
53.6
71.8
53.1
48
51
56
60
66
65
68
66
61
55
50
53
56
60
65
61
60
58
60
62
63
65
68
67
70
69
70
70
68
63
62
63
66
67
70
69
68
66
67
67
50
68
67
64
49
59
73
77
75
121
57
67
67
68
70
77
70
70
65
69
28
29
32
36
43
38
40
42
42
48
26
25
32
40
48
50
48
46
40
42
48.7
53.8
58.3
65.7
70.4
62.7
61.9
66.0
60.5
67.4
71.8
74.7
78.9
52.9
59.2
63.3
58
61
63
64
64
66
65
65
67
70
67
66
57
59
74
69
71
78
44
47
50
42
42
44
66.9 I
59.7
71.4
72.2
73. 6
73.7
69
67.4
58.5
61
74.5
HI
' Adjusted for number of working days.
52.7
38.7
58.5
58
50
61
41
29
47
40
27
43
71.8
54. 2
66. 0
66. 5
60.3
56.6
57.7
60.6
64.8
70.1
73.3
101
91
84
76
71
73
77
80
91
100
75
64
66
66
49
63
"Adjusted for seasonal variation.
n.i
SURVEY OF CURRENT BUSINESS
May 1934
Comparison of Principal Data, 1930-34
r/RST 3 MONTHS
X///////A
REMAINDER OF YEAR
BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS)
CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS)
STEEL INGOT PRODUCTION - (MILLIONS
OF TONS)
AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS)
FREIGHT CAR LOADINGS -(MILLIONS
OF CARS)
D. D. 7SS-4
SURVEY OF CURRENT BUSINESS
Mav 1934
Commodity Prices
in the price level since February have
CHANGES
been slight. Wholesale prices recorded a frac-
cattle feed to a decline of 5.9 percent for hides and skins.
Crude rubber rose 6.5 percent; meats, 6 percent; livetional advance in March over February, owing to the stock and poultry, 2.7 percent; automobile tires and
slight rise in prices of finished manufactures; raw tubes, 2.5 percent; and brick and tile, 1.5 percent.
materials and semimanufactures were lower. The Fair- Silk and rayon declined 5.2 percent during the month;
child index of retail prices and the cost of living index petroleum products, 3.2 percent; knit goods, 2.1 pershowed minor increases during the month, while the cent; grains, 1.4 percent; and lumber, 1 percent.
biweekly retail food index moved irregularly, and the
Retail food prices, according to the Bureau of Labor
index of farm prices remained substantially the same. Statistics' index, have declined fractionally since the end
Wholesale prices, as measured by the Bureau of of February. In the period from February 27 to April
Labor Statistics' index, declined in the 6 weeks ending 10 the combined index dropped from 108.1 percent of
April 21 from 73.8 to 73.3 percent of the 1926 average. the 1913 average to 107.4. Prices of dairy products have
The March average of 73.7 was, however, the highest moved downward during this period, while meat prices
have continued to rise. Meat prices have increased
monthly figure reported since April 1931.
Farm products continued at the lowest level, rela- about 10 percent since the first of the year, while dairy
tive to the 1926 average, of the 10 groups included in products have risen about 4 percent. As compared with
the wholesale price index, being 59.7 for the week of a 37ear ago, food prices have increased by nearly one fifth.
April 21. Hides and leather products, at 89.7, were the All of the 51 cities currently surveyed report material
highest of the groups, with metal and metal products advances in retail prices as compared with a year ago.
and building materials next at 87 and 86.3, respectively. These ranged from 10 percent for Los Angeles to 27
Hides and leather prices for the week indicated were 18 percent for Philadelphia and Minneapolis.
percent below the 1929 average for these products; metals
Fairchild's retail price index of department store
and metal products 13 percent below; and building mate- articles rose five tenths of 1 percent during the month.
rials 10 percent under the 1929 figure. Farm products, The latest index, which is the highest since July 1931,
in contrast, were 43 percent below the 1929 prices.
was 29 percent above a year ago, but 24 percent below
The movement of the indexes of the 46 subgroups October 1929. Of the various items included in this
used by the Bureau of Labor Statistics from February index, men's clothing, including overalls, showed the
to March varied from an increase of 8.4 percent for greatest increase during March, gaining 5.9 percent.
INDEXES OF COMMODITY PRICES
March
\pril
June
May
-
July
August
September
October
November
December
1934:
Januarv
February
March
Monthly average,
January through
March:
1932
1933
1934
79.6
71.5
69.5
56.1
60.2
60 4
62.7
65.0
68.9
69.5
70.8
71 2
71.1
70.8
65.7
65.7
67.2
69.0
72.2
73.4
74.8
75.4
75.2
74.8
49.4 56.9
50 0 57.3
53.7 61.3
56.2 65.3
61.8 69.1
60.6 71.7
61.7 72.9
61 8 72 8
62.4 71.4
61.9 72.3
72.2
73.6
73.7
76.0
77.0
77.2
64.1
66.0
65.9
71.9
74.8
74.3
66.5 ' 71.7 57.1
60.3
66.0 49.3
73.2 i 76.7 65.3
(Department
Labor)
59.3
43.5
77.6
62.3
82.0
61.4
77.2
70.9
82.5
73.2
82.9
75.3
68.3
67.9
87.6
77.3
88.0
77.1
86.4
80.8
70.0
58.0
42.8
44.5
50.2
53.2
60.1
57.6
57.0
55.7
56.6
55.5
36.0
44.8
52.8
57.4
73.4
64.6
63.9
58 2
61.3
60.4
54.6
56 1
59.4
61.2
65.5
64.8
64.9
64 2
64.3
62.5
50.5
50.3
52.3
52.4
50.8
51.0
51.5
51.0
48.2
46.0
65.8
65.3
66.5
68.9
72.2
74.1
76.1
77 2
77.2
77.5
70.3
70.2
71.4
74.7
79.5
81.3
82.7
83.9
84.9
85.6
71.2
71.4
73.2
73.7
73.2
73.1
72.7
72.7
73.4
73.7
62.9
61.5
60.4
61.5
65.3
65.5
70.4
73 6
73.5
73.4
68.1
69.4
76.9
82.4
86.3
91.7
92.3
89.0
88.2
89.2
72.2
71.5
71.7
73.4
74.8
77.6
79.3
81.2
81.0
81.0
77.2
76.9
77.7
79.3
80.6
81.2
82.1
83 0
82.7
83.5
51.3
51.8
55.9
61.5
68.0
74.6
76.9
77.1
76.8
76.4
58.9
57.8
58.9
60.8
64.0
65.4
65.1
65.3
65.5
65.7
71.8
71.5
72.1
72.8
75.2
76.9
77.9
78.0
77.8
77.3
50
53
62
64
76
72
70
70
71
68
91
90
94
97
105
107
107
107
107
104
69.7
69.4
70.4
72.3
76.1
82.5
86.0
87.1
88.0
88.0
58.7
61.3
61.3
63.7
63.2
62.3
64.3
66.7
67.3
48.9
53.3
56.5
78.3
78.7
78.5
86.3
86.6
86.4
74.4
75.5
75.7
73.1
72.4
71.4
89.5
89.6
88.7
80.8
81.0
81.4
85.5
87.0
87.1
76.5
76.9
76.5
67.5
68.5
69.3
77.5
78.3
78.5
70
76
76
105
108
109
88.5
89.5
90.0
63.2
54.7
66.1
60.9
50. 1
52.9
71.3
66.4
78.5
73.8
70.1
86.4
75.5
71.4
75.2
68.0
64.2
72.3
78.3
68.3
89.3
77.4
72.5
81.1
81.2
77.6
88.5
59.0
51.5
76.6
65.0 i 80.4
59. 8 ! 72.5
78.1
68.4
61
50
74
106
92
107
80.2
70.2
G
•a
£
1
72.9 . 70.6
60.8 1 50.2
76.0
66.0
living (National Ind
1 Conference Bo:ird)
Mis cell aneous
._
| |
Mo.
Dec.
Mo.
average, Mo.
1930
average, 1909 to average, (Jan. 1,
1923=
1913= 1931) =
1914=
100
100
100
100
95.4
91
72.0
89.1
126
79.2
64.7
61
105
79.6
E
s
6
3
"3
1
5*
K
|
es
o
g
Monthly average, 1926=100
1931: March
1932' March
1933:
o
Tex tile products
Is and m e t a l
products
- furnishing
goods
esi ind leather
id lighting
cals and drugs
Bu ldiiig materials
han farm prodts and foods
i
1=
Otr
1
iroducts
1
Groups and sub-groups
Me
a
G
Fin
P •s
laterials
Economic classes
ed products
Year and month
ned index, 784 co
dity quotations
S
Retail
-sn
Wholesale (Department of Labor)
61.9 ! 51.2 ' 45.4
56.7 42.1
33.9
60.4 I 6 3 . 1
73.7
a
•S
«
£
a
89.3
6
SURVEY OF CURRENT BUSINESS
Mav 1034
Domestic Trade
T
RADE activity in lines affected by seasonal and
holiday factors was curtailed in the first half of
April, owing to the norinal decline after Easter. Department-store sales in the metropolitan area of New
York during the first half of April were slightly below
the dollar volume reported for the same period a year
ago, when pre-Easter buying was at its peak. Preliminary data on mail-order-house and chain-store
sales indicate that this condition is not typical; April
sales totals are expected to show an increase over a
year ago. Partly because Easter came at the beginning of April this year, instead of at the middle of the
month as in 1933, the March sales totals in department and variety stores and in rural areas indicated
extensive gains over February. Comparisons with
March a year ago showed large increases but they are,
of course, distorted by the effects of the bank holiday.
Department-store sales showed a greater than
seasonal advance in March. After allowing for the
number of business days in the month, adjusting for
the usual seasonal variation and making corrections
for the change in the date of Easter, the Federal Reserve Board's index of department-store sales was 10
percent above February and 37 percent higher than
March a year ago. Without adjustment for the change
in the date of Easter, the gain over last year amounted
to 48 percent. In the Atlanta and Cleveland Federal
Reserve districts, the increases from March a year ago
were 71 percent and 67 percent, respectively. In three
of the other 10 districts the gains exceeded 50 percent.
The smallest advance was in the Minneapolis district.
Census Bureau data on the financing of new automobiles for March showed an increase of 58 percent
over February, 138 percent over March a year ago, and
72 percent above March 1932. This movement is
only partly a reflection of the favorable trend of
current sales of cars, since deliveries were being made
against orders placed earlier in the year when new
models were not available.
General merchandise sales in small towns and rural
areas in March were 19 percent above February and
66 percent above March 1933. Variety-store sales in
March were 35 percent higher than a year ago. When
adjusted for seasonal variations and for the early date
of Easter, this index was 8.6 percent higher in March
than in February and 27 percent above March 1933.
The dollar volume of sales in chain grocery stores
increased slightly in March over February. March
grocery sales through these stores were 12 percent
higher than a year ago, while the Bureau of Labor
Statistics7 index of retail food prices increased approximately 20 percent during the same interval. Because
of the nature of the sample and the fact that the retail
food price index does not exactly measure the variation
in food prices for chain grocery stores, these are not to
be taken as a certain indication of a decrease in the
consumption of food. The apparent consumption of
butter, cheese, and meats, for example, was 7.2 percent,
4.5 percent, and 6.0 percent higher, respectively, in
March than a year ago. These figures also are at best
only an approximation of real consumption.
Other trade developments of interest in March
included a moderate increase in the liabilities involved
in commercial failures; a less than seasonal gain in
l.c.l. freight-car loadings; and a continued rise in
advertising linage in magazines and newspapers.
DOMESTIC TRADE STATISTICS
Wholesale
trade
Retail trade
Department stores
Stocks *
Sales
Unad- A d - Unad- Adjust- just- j u s t - j u s t ed a
ed
ed i
ed 3
Year and month
Monthly average, 1923-25= 100
1931: March....
1932: March
1933:
March . .
April
May
June—.
July.
August
September
October
November
December
1934:
January^
February
92
69
50
68
67
64
49
59
73
77
75
121
.
.
57
59
74
March
Monthly average January through March.
1932
1933
1934
|
1
66
49
63
Chain-store sales
Com- Variety stores
bined Unad- Adindex
just(19 com- justed
ed
panies)
Avg. same
mo. 192931 = 100
averMonthly aver- Monthly
age, 1929=100 age, 1923-25=
100
Fail- Liabil- Maga- Newsures ities
zine paper
89
75
89
75
2,604
2,951
121
140
130
137
142
139
151
132
130
135
27 606
35, 365
37 778
38 986
33,566
40, 327
43, 219
53, 550
52 037
61, 971
73.1
73.3
74 0
75.7
76.9
79.7
82. 1
83.5
83.4
83.3
57.1
56.0
57 4
57.3
59.1 !
60.8
62.3
66.0 :
64. 1
64.5 :
63
65
68
67
70
69
70
70
68
63
62
63
66
67
1,948
1,921
1,909
1,648
1,421
1,472
1,116
1,206
1,237
1,132
48, 500
51,197
47,972
35,345
27,481
42, 776
21,847
30, 582
25, 353
27, 200
1,630
1,729
1,732
1,544
1,272
1,184
1,407
1,870
1,899
1,791
50
60
62
61
49
54
62
70
66
64
150
154
36. 705
36,016
43, 592
82.4
83.0
83.6
63.9
64.6 !
65.7 ;
65 !
65 !
67
1,364
1,049
1,102
32, 905
19, 445
27, 228
1.375
1,765
2,013
55
32, 838
26 919
38, 771
80.8
74 2
83.0
72.6
59. 1
64.7
75
64
66
3,047
2,415
1,172
91,840
64, 392
26,526
1,918
1,412
1,718
68
50
57
67
67
68
70 i
77
70
70
65
69
55
55
56
56
56
62
73
77
78
62
54
53
55
57
60
64
70
70
69
65
75
78
78
82
86
84
85
84
83
88
110
129
126
125
123
129
137
141
136
253
69
71
59
63
66
66
66
64
89
85
88
116
115
155
164
88
77
87
125
101
129
Corrected to average daily sales.
Adjusted 2
89.1
71.3
85
1
[
Unadjusted
87.4
79.8
84
70
69 i
54
Pay
rolls
43, 008
33,982
87
73
63 i
houses
Thousands
of dolls.
Employment
ThouThouMilsands
sands lions of
of dolls. of lines lines
60,387
2,762
9C
72
93, 760
2,184
M o n t h l y average, 1923-25=
100
144
159
146
138
97
72
78
Mail
order
and
store
sales, 2
Advertising
loadings, mer- ! Commercial
failures
i
linage
chandise l.c.l.
> Adjusted for seasonal variation
70
i
i
i
!
69
68
66
67
67
70
67
66
Number
* End of month figures.
SURVEY OF CURRENT BUSINESS
Mav 1931
Employment
RONOUNCED employment and pay-roll gains
Pwere
recorded between the middle of February
and the middle of March in both manufacturing and
nonmanufacturing industries, according to data compiled by the Bureau of Labor Statistics of the United
States Department of Labor. These data, as seasonally adjusted by the Federal Reserve Board, show that
factory employment increased 2.9 percent; pay rolls
rose 6.9 percent. Factory- employment and pay rolls in
March were higher than in any month since the middle
of 1931.
The broad nature of the improvement in manufacturing lines is indicated by the fact that 79 of the 90
industries reporting to the Bureau of Labor Statistics
recorded employment and pay-roll gains for March.
Each of the 14 groups into which these industries are
classified showed an increase in the number of employees in excess of the usual rise for the month. The
employment gains for the transportation equipment,
iron and steel, machinery, and nonferrous metals groups
were in excess of 5 percent, without allowance for seasonal movements. In 17 industries the pay roll increases
for the month were more than 10 percent. For the
automobile industry, the rise amounted to 19 percent.
Employment and pay-roll increases during March
were reported for 13 of the 15 nonmanufacturing industries currently surveyed by the Bureau of Labor
Statistics. The number of industries grouped under
nonmanufacturing has been reduced from 16 to 15 by
reason of the transfer of the canning and preserving
industry from the nonmanufacturing to the manufac-
turing classification. Seasonal changes were important
influences in the employment increases of more than
6 percent each in the construction, quarrying and nonmetallic mining, anthracite mining, and cleaning and
dyeing industries. Pay rolls in the anthracite industry
increased over 25 percent during the month, and were less
than 18 percent below the 1929 average. The sharp
increase in bituminous coal output was not accompanied
by a corresponding rise in either employment or pay
rolls.
Both weekly earnings and hourly earnings in factories moved upward in March to higher levels than
recorded for any month of 1933, according to the data
of the National Industrial Conference Board. Per
capita weekly earnings in March exceeded the level
of a year ago by 41 percent, while hourly earnings were
24 percent above the depression low reached last June.
A further impetus to the rising tendency of wage
rates was given in the past month by the action of a
number of important industries in shortening hours of
work and raising hourly rates of pay to compensate for
the shorter working time. Leading industries taking
such action included the steel, automobile, and bituminous coal.
Notwithstanding the progress made in recent months
in absorbing into industry a portion of the unemployed,
the number without work remains large. The exhaustion of individual resources, together with the
demobilization of the C.W.A. workers, has resulted in
a substantial increase in the number of families on
relief rolls; the number of families on relief as of April
1 is estimated to be larger than a year ago.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay rolls, F.il,B.
Employment
Year and
month
1931: March
1932: March
1933:
March
April
May
June
July
August
September..
October
November. _
December...
1934:
January
February
March
Monthly average, January
through
March:
1932
1933
1934
Pay
rolls
Nonmanufacturing employment and pay rolls
(Department of Labor)
Anthracite
mining
EmU n a d - AdUnad- ployj u s t e d justed* justed m
ent
Monthly average.
1923-25=100
78.1
77.9
74.9
66.3
66.4
52.3
Pay
rolls
Bituminous
coal m i n i n g
Employment
Pay
rolls
Power and
light
Employment
Pay
rolls
Telephone
a n d telegraph
Employment
Pay
rolls
Retail trade
Employment
Pay
rolls
71.3
61.2
88.8
75.2
65.2
46.8
96.7
85.5
48.8
37.4
30.0
34.3
38.2
46.6
60.7
61.6
47.8
44.3
67.6
63.7
61.2
61.3
63.2
68.6
71.8
68.0
74.8
75.4
30.7
26.6
26.9
29.2
33.6
43.3
44.1
44.1
50.7
50.8
76.9
76.9
76.9
77.3
77.5
78.1
80.3
82.2
82.6
81.8
102.4
85.4
71.9
69.4
69.9
69.9
70.0
70.9
71.8
76.2
74.5
74.4
Cents
per
hour
87.8
81.4
87.5
73.4
73.2
72.3
70.1
69.2
68.5
68.1
68.3
68.7
68.9
69.4
97.9
88.2
71.6
67.8
68.5
66 6
66.7
66.1
64.6
67.0
67.7
67.7
Percent
of total
members
74
[70
71.4
78.6
77.0
78.3
74.6
78.1
86.0
89.6
91.6
105.4
60!4
59.5
60.5
58.1
62.7
69.2
72.3
72.6
80.3
66
67
67
69
69
6f
71
73
72
71
14.56
15.39
16.71
18.49
19.15
19.25
19.46
19.46
18.51
18.58
.460
.460
.453
.452
.455
.497
.531
.540
.545
.550
32
33
33
33
34
35
37
37
38
38
Monthly average, 1929=100
82.0
73.7
54.6
51.6
43.2
39.5
43.8
47.7
56.8
56.9
61.0
54.5
Wages
Tradeunion
Factory s
memCombers employed Average Average mon
weekly hourly labor
earnings earnings
88.6
81.7
Dollars
23.91
18.60
.576
.521
37
34
56.7
57.8
60.0
64.1
68.9
73.4
76.6
75.8
72.6
71.0
56.6
57.7
60. 6
70'.l
73.3
74.3
73.9
72.4
71.8
36.9
38.6
42.0
46.2
49.9
55.7
57.6
57.4
53.6
53.1
70.5
74.7
77.7
71.8
74.7
76.9
52.9
59.2
63.3
64.1
63.2
67.5
73.2
65.8
82.4
75.8
76.1
77.8
51.3
54.6
58.9
82.2
81.2
81.7
73.8
74.4
75.6
70.2
69.8
70.0
69.0
67.9
70.4
84.6
83.8
87.2
68.8
67.7
69.5
72
74
75
18.89
19.81
20.49
.551
.558
.561
37
37
42
52.7
38.7
58.5
73.7
55.3
64.9
60.0
49.6
73.8
77.8
68.9
76.6
46.9
34.7
54.9
87.3
77.3
81.7
86.6
72.2
74.6
82.2
73.9
70.0
89.0
71.7
69.1
82.1
73.9
85.2
75.0
58.7
68.7
69
66
74
19.03
15.63
19.73
.526
.464
.557
33
32
39
66.6
58.0
74.3
[
Adjusted for seasonal variation.
8
National Industrial Conference Board.
SURVEY OF CURRENT BUSINESS
May 1934
Finance
slackening in the rate of gold inflow
A MARKED
during April and the decline in dollar exchange
were outstanding developments in financial markets
which otherwise were without pronounced trends.
Bond prices advanced; stock prices moved irregularly;
money rates remained at exceptionally low levels;
excess reserves of the member banks expanded to
record totals; and the new capital market continued
comparatively inactive.
Member bank credit outstanding showed only a
minor change during March and the first 3 weeks of
April. Member bank loans moved irregularly during
this period, reflecting an absence of trend in either
security or other loans. The movement over the
7-weeks' period resulted in a net increase of $113,000,000
in total loans and investments. This was the result of
an increase of $95,000,000 in investments and $60,000,000 in loans on securities. "All other7' loans decreased
$42,000,000 in this period.
Federal Reserve bank credit outstanding declined
during the period under review. The reduction
resulted from a decline in the total of bills discounted
and open market bill holdings. During the second half
of March the Treasury reversed the process whereb}^
for more than a month it had deposited with the
Federal Reserve banks gold certificates in excess of the
new gold received through importation and domestic
production. In lieu of such deposits of gold certificates
the Treasury made extensive withdrawals of its large
deposits with commercial banks. This policy tended
to check the rate of growth of excess member-bank
reserves. During the first half of April, however, the
depositing of gold certificates with the Federal Re-
serve banks was resumed and excess reserves of the
members increased, reaching a total of approximately
$1,600,000,000 during the third week of the month.
The net increase in the monetary gold stocks, resulting
from imports and earmarking operations, was $237,000,000 in March as compared with $521,000,000 in
February. The rate of gold inflow declined still further
during April, as the premium on the dollar declined,
with the result that during the first 3 weeks of the
month the addition to the country's monetary gold
stocks through net imports and earmarking operations
amounted to only about $35,000,000.
Stock prices moved irregularly, tending downward
in the latter half of March and again in the latter part
of April. The net change during April was relatively
small. Share turnover has been comparatively low.
Brokers' loans rose in April, partly as a result of dealer
borrowing in connection with Treasury financing.
New bond financing remained on a comparatively low
level, while activity in the listed bond market was a
continuing feature of financial markets during April.
During the second and third weeks of the month, bonds
rose steadily to new high levels. United States
Government issues reached the highest quotations
since September 1931, and then eased off somewhat
upon announcement of the calling of close to
$1,000,000,000 of the Fourth Liberty issues.
Not only did yields on United States Government
bonds decline, but money rates generally eased further
after months of exceptionally low levels. Rates on
prime commercial paper were reduced by one fourth
percent to a range of 1 to 1% percent. Rates on 90-day
bankers' bills also experienced further reductions.
CREDIT AND BANKING STATISTICS
Tear and month
Reporting member
banks, Wednesday
closest to end of
Bank
debits
outside
New
York
City
month *
Loans
All
on
securi- other
ties loans
Investments
Net
gold
Total
bankimDe- ! Postal
er's ac- ports
I Savings,
Reserve bank credit outstanding
i Mem- ceptInMoney posits,
balNew
ances cluding in
ber
York ance to
outgold
circuUnited
j
Total
bank
credit
State
Bills
relation ssavings
Bills bought States {deposits i reserve standa i g s of deing, leased
' acdisin the Governbanks positors
Total countend
of
from
ment
count
open securimonth
eared
market ties
mark 2
Condition of Federal Reserve banks, end of
month
Thousands
Millions of dollars
1931: March....
1932: March...
1933:
March
April
May
June
July
August
September.
October
November..
December..
1934:
January
February..
March
[ cities.
19,421
13,729 j
j
990
1,597
250
639
124
4,688 ! 7,669
4,688
4,706
4,772
4,704
4,774
4,767
4,853
4,989
4, 999
4,765
2,572
2,459
2,218
2,220
2,209
2,297 |
2,421
2,549 I
2,581 !
2,688 i
426
435
302
164
167
153
128
116
119
98
305
171
20
48
9
3,609
4,740 11 8,772 i 2, 630 j
3,520
4,665 !! 9,215 I 2, 567 i
3,514 ! 4,647 |j 9,311 j 2,545 ;
83
64
54
3,644
9,608
3,644
10,612
3,698
11,509
3,713
12,969
3,748
13, 878
3,772
12,375
3,766
12,215
3,687
13,027 i 3,604
11, 927
3,569
13,288 | 3,620
13,198
11,784
14,077
2
7,669
7,884
7,941
8,213
8,011
8,074
7,989
8,156
8,104
8,200
Net exports indicated by (-
599 i
872 !
1,838 |
1,837 i
1,890 f
1,998 i
2,028 j
2,129 ;
2,277 !!
2,421
24 | 2,432 I
133 ! 2,437 '
I of dollars
2, 506 !
2,012 !
2.428
1,924
467
911
28.6
33.6
* 4,590
5,531
2,133
2, 380
2,394
2,494
2,544
2,675
2.748
2,885
2,796
2,865
1,949
2,132
2,167
2,292 il
2,294 '
2,409
2,438
2,685
2,573
2,729
671 -113.3
697
23.7
669
1.0
687
.3
738
.6
694
-.9
715 -7.4
737 -5.5
758
—.5
764
2.7
6,998
6,137
5,876
5,742
5,675
5,616
5,632
5,656
5,681
5,811
2,652
3,093
3,457
771
750
685
3,035
111 j 2,434
2,432 I 3, 265
62
3,653 |
29 j 2,447
9.4
521.2
238.6
5,669
*5, 339
*5,368
5,018 j
5,293 j
i
5,220 i
5,164
5,113 !
5,130
5,085
5,059
6,079
5,049
5,029
5,064
302, 658
705, 336
1,113,922
1,159, 795
1,180, 336
1,187,186
1.176, 669
1.177, 667
1,180,667
1,188,871
1,198, 656
1, 208, 847
5,067 • 1,200,771
5,076 ! 1,200,270
5,122
1,199,869
' Exclusive of $287,000,000 gold coin reported in circulation prior to Jan. 31,1934.
SURVEY OF CURRENT BUSINESS
May 1934
Foreign Trade
NITED STATES foreign trade increased in value
U
during March both actually and after allowance
for the usual month-to-month variation. The value
value of crude food exports declined 11 percent. As a
result of these changes the ratio of finished articles to
total exports followed the usual seasonal pattern and
of exports ordinarily increases about 11 percent in increased from 38 percent in February to 43 percent in
March over February while, this year the gain was 17 March.
percent. General imports, which usually increase
In the first quarter of the year, finished manufactures
about 12 percent, were 19 percent larger in value.
accounted for 39 percent of the total value of exports
Larger shipments of a wide range of commodities and crude materials 33 percent, compared with 41
contributed to the increase in the value of total ex- percent and 32 percent, respectively, in the first
ports; only two of the group totals were smaller in quarter of 1933. Although there has been no marked
March than in February. Especially notable were the variation in the share of these two groups in the total
increases in machinery and vehicle exports. While these value of exports, significant changes have occurred in
embraced practically all the machinery classifications, the percentage which they account for in the total
the gain was particularly large in the motor-vehicle quantity exported. When allowance is made for
group. Exports of machinery and equipment, totaling changes in prices between the first quarters of 1933 and
$18,309,000 in March, were larger in value than for any 1934, it appears that the quantity of finished manumonth since October 1931. Automobile exports, in- factures exported in the first quarter of 1934 was more
cluding parts and accessories, were valued at $20,641,- than one third larger than a year ago, while the
000, the largest figure for any month since June 1930. quantity of crude materials exported was less than one
Other relatively important exports which increased tenth higher than in the first quarter of 1933. Since
in value during March, were leaf tobacco, rubber the quantity of all goods exported was approximately
manufactures, cotton manufactures, sawmill products, 23 percent larger than in the first quarter of 1933, it is
coal, petroleum products, iron and steel manufactures, apparent that finished manufactures were considerably
copper, chemicals, and fertilizers. Unmanufactured more important in the trade, on a quantity basis, than
cotton and fruits were the leading exports which in the first quarter of 1933.
declined in quantity and value.
In import trade, semimanufactures showed the
Among the economic classes, total exports of finished largest relative gain in value—34 percent—from
manufactures increased 31 percent in value during February to March. Finished manufactured imports
March, while the gain in semimanufactures was 28 increased 8 percent in value, crude materials 22 perpercent, and in manufactured foodstuffs and crude cent, manufactured foodstuffs 30 percent, and crude
materials, 10 percent and 2 percent, respectively. The foodstuffs 24 percent.
EXPORTS AND IMPORTS
Indexes
Exports of United States merchandise
Imports2
Finished
Crude
Foodstuffs
manufactures
materials
AutoSemiSemiCrude
Fruits manmomanMa- biles9 Total ; ma- FoodRaw ii
and ufacTotal |
ufacstuffs
terials
cot- ij Total prep- tures Total chin- parts,
Total
tures
araery and
ton ii
tions
accessories
Total Total
imexYear and month ports, ports,
adadjusted^ justed*
Exports,
ineluding
reexports
Monthly aver
ige, 1923-25=100
59
37
235.9
154.9
231.1 j!
151.4 l|
56.4
50.4 ;
36.0
36.5
20
25
32
40
48
50
48
46
40
42
108.0
105.2
114.2
119.8
144.2
131.5
160.1
193.9
184.3
192.6
106.3 j;
103.1 j
111.9 I
117.5 !
141.7 !j
129.3 i
157.5 |!
191.7
181.3 I!
189.8 ij
29.4 :
28.6
35.0
40.3
51.5
42.0
63.6 ||
82.5 11
13.4 1
18.1
16.9
11.3
26.1
13.0
29.3
13.4
36.8
15.4
28.2
16.9
45.3
18.7
54.3
23.5
48.8
24.1
44.3 : 24.3
42 j
42 !
44 I
172.2
162! 8
191.0
169.5 ll 6 0 . 4 I'
159.7 :! 54.2 !j
187.5 '-. 55.3 !!
3 40 j
3 27 i
3 43 !
458. 9
330.1
526. 0
449.4
324. 3
516.7
1931: March
1932: March
1933:
March
April
May
June
July..
August
September
October...
November
December
1934:
January
February
March..
Cumulative, January
through March:
1932
1933
1934
29
32
36
43
38
40
42
42
48
44
47
50
3 41
3 29
347
» Adjusted for seasonal variation.
54480—34
2
2
7 1 . 3 l|
7 3 . 1 ;!
33. 0
21.7
4 1 . 5 ' 22.7
>>7. 7
19.6
34.7
152.8 j\ 109.8 j
103. 5
68.4 :
169.9 | 113.9 I!
30.1
68.1 I
42.4
62.4 !
10.7
5.9 !
3.9 1
2.9 1
3.8 j
2.9 !
4.3 |
5.6 !
6.8 !
11.0
Millions of dollars
110.3 ! 29.3 ,
31.4
61.3 | 13.5 I
17.9
8.3 '
16.5
15.3
17.6
18.2
21.4
20.5
21.3
24.6
24.2
28.5
8.4
6.8
5.5
25.0
24.5
31.4
20.3
12.3
20.7
55.1
45.6
80.9
9.7
64.6 |
36.0 ;
56.6 !
42.4 ;
39.8 ;
20.0 |
49.2
32. S
23.6
21.1
24.9
34.3
46.4
50.7
48.3
46.9
37,3
36.2
33.6 |
32.8 i
40.0
36.9
38. S
35.4
31.2
34.8
30.6
42.1
14.8 !
13.5 •
18.3 ;
27.8 I
31.0 !
35.2 !
33.5 I
33. 2 j
27.8 I
22.9
20.9
23.6
23.3
26.8
33.7
33.6
36.0
32.8
35.7
36.9
44.9
39.3
38.3
48.6
26.4 '
22. 2 !
29.7
27.3
27. t)
39. S
70.7 !
23.5 i 397. 7 i 111.5 1 118.4
19.8
274. 6 I 72. 0 • 94. 3 ! 44. 5 !
44.6 | 406.7 i 117.5 I 126.2 1 78.3 |
97.1
63. 4
84.7
18. 6 • 210. 2
9. 3 ! 131. 2
47.0
47.9
46.2
45.7
53.4
50.0
53.9
61.1
61.8
63.9
10.1
10.9
11.7
13.5
16.0
15. 8
6.9 ! 94.9
7.4
88.4
7.4
106.9
7.0
122.3
7.5
143.0
8.1
155.0
8.3
146.7
8.6
150.9
7.3
128.5
9.3 1 133.2
61.4
80.8
14.4
14.6
18.3
10.8 i 128.7
13.2 i 125.0
20.8
153.0
9.4
8.8
9.1
9.3
173. 4 j 38.6
132. 9
27. 1
203.6
47.3 j
Finished
manufactures
General imports through December 1933; imports for consumption in 1934.
27.2 |
^ Monthly average.
10
SURVEY OF CURRENT BUSINESS
May 1934
Real Estate and Construction
contracts awarded during the
CONSTRUCTION
first half of April failed to record the usual
seasonal increase. For the 37 States east of the Rocky
Mountains the value of contracts let was 10 percent
lower, on a daily average basis, than in March, according to the F. W. Dodge Corporation statistics.
Residential contracts decreased 19 percent and nonresidential awards 28 percent, while the value of public
works and utility contracts was 2.2 percent higher.
Despite the decrease, however, the contract value
($71,000,000) for the half monthly period was one
fourth higher than the amount of undertakings in the
entire month of April 1933.
The failure of the building industry to show the
usual vigorous spring expansion, despite the contracts
let under the public works program, is reflected in the
movement of the Federal Reserve Board's seasonally
adjusted index of construction which has dropped
sharply since December. In March, the index stood
at the lowTest point since last September.
Contracts awarded during March as well as in the
first quarter of the year were almost three times as
great as the value of lettings reported in the similar
periods a year ago. The most important factor in the
increase was the funds made available by the Government. The classification set forth in the table does
not indicate the full extent of the contribution of public
funds to current activity. In March, for example, the
Dodge Corporation placed the publicly financed construction projects at 70 percent of the total.
Contracts awarded for private building—including
both residential and nonresidential construction, the
latter category comprising offices, factories, shops,
institutions, etc.-—increased 96 percent over February.
While these undertakings were at the highest level in
almost 2 years, this type of construction nevertheless
continues in very small volume in comparison with the
activity in this field as recently as 1931.
Although the March value of the construction included under the public works classification was half
again as large as in February and was almost five
times the amount reported a year ago, it was, with the
exception of the preceding month, the smallest total
since last September. In the first quarter of 1934 the
public utility contract total was more than twice as
large as in the similar quarter of 1933 and was half
again as large as in 1932. The value of these contracts
was, however, onty slightly more than the total for
the single month of March 1931.
The steady progress in operations of the Federal
home loan banks, designed to assist in the construction
and financing of homes by individuals, is reflected in the
mounting total of loans advanced since the establishment of the system. At the end of March, advances
reached a total of $106,000,000. Of this amount,
$13,000,000, or more than 12 percent, had been repaid,
leaving a balance outstanding of $93,000,000.
BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
Building material
shipments
Construction contracts awarded
Year and month
F.R.B.
index
adjusted i
Monthly
! average,
11923-25=
i 100
1931: March
1932: March
1933:
March
April
May
June
July
August.._
September
October
_.
November
__
December
...
1934:
January
February.
March.
Monthly average January through
March:
1932
1933
1934
1
14
14 jI
16 ij
18 i!
21 i!
24 ; •
30 i
37 I
48 !
58 |
All types of
construction
Mil- MilMilof lions of
lions of lions
dollars square
feet dollars
Number of
projects
10.788
6. 646
370
112
22.1
8.5
100.9
33.2
6. 303
7,254
9,409
9,186
8,229
8,186
7,596
7,476
6,332
7,677
60
57
103
83
106
120
145
162
207
4.8
5.8
8.4
8.3
7.4
6.4
6. 3
6.9
6.4
5.9
186 i
97
178
3.9
3. 6
8.0
49 ; 7,729
44 I 5,507
i 7,927
28
18
Residential
building
5, 504
4, 662
7,054
!
95 i!
65 !|
154 |
Explosives,
Pubnew Maple Oak
Public
Celic
orders floor- floor- ment
utili- works
ing
ing
ties
Millions of
dollars
Thou- Thousands of
sands of feet, board
pounds
measure
114.6 i 28,255 | 3,095 26, 243
22. 0 || IS, 702 2, 49613, 360
16.0
19.1
26.5
27.8
23.6
21.9
21.5
21.5
23.6
23.9
37.6
7.8
2.5
2.4
5.6
5.0
4.1
19.4
3.4
7.0
6.9
34.0
15.1
14.5
28.1
10.6
6.4
21.0
103.1 i 28, 504 ! 3, 665 5,137
46. 7 ! 25, 584 3.665 8,112
71.9 ! 27,725 4,643 13,711
28. 4 I
13.3 !
19.2 !
8.3
5.1
12.7
Based on 3-month moving average and adjusted for seasonal variation
15.1
11.2
13.4
19.4
14.8
32.0
57.3
85.7
104.1
99.2
|j 16.179 1,246
l| 16,197 2.097
16, 49; 2, 715
20, 327 4, 384
23, 834 4, 326
I 25.106 3,386
j 25.107 2,622
25, 084 3,236
I 23,256 2,300
! 23,318 3,234
19.0 i 18,917 I 2,105
20.8 !! 16,887 \1,353
73.9 i 27,271 3,991
2
Thousands of|
barrels
7, 573
9, 479
14,549
17, 723
13,676
12, 793
9, 563
8,624
10,017
6, 417
12,131
6,027
8,987
First of month
Highways under construction
Na- i
Federal tionai
IndusAid
trial
HighReways
covery
Act
Act
Thousands of
dollars
Con- I
struc- I Longtion | term
costs, realEng. estate
News- bonds
Rec- issued
ord »
Monthly average,
1913 =
100
Thousands of
dollars
7,192
3,973
260, 714
198,941
194.5 !
157.2 ;
3,510
4,949
6,709
7,979
8, 697
5,994
6,517
6, 750
4,463
3, 738
265, 678
269.489
260, 736
242,107
222, 452
191,040
158,443 34, 962
121, 709 92,215
90, 368 134,491
159, 575
158. 4
160.2
164.4
163.4
165. 5
167.0
175.5
187.7
190.1
192. i ;
197,088
216,291
239,974
191.3 |
194. 0 i
194.0 !
3,778
2,952
4,618
3,495
2,763
3,783
Apr. 1, 1934, index, 195.9.
160.5 '•
158. 7 i
193.1
2,015
905
300
0
11
SURVEY OF CURRENT BUSINESS
Mav 1934
Transportation
the increase in freight-car loadings
FOLLOWING
during March, there was a sharp decline of greaterthan-seasonal proportions in the first 3 weeks of April,
because of the reduction in coal loadings, occasioned
to some extent by strikes. Comparison with a year ago
continued favorable; loadings during the first 3 weeks
of April were 15 percent higher than in the same
period of 1933 and were also slightly above the 1932
level.
Total freight-car loadings in March on an average
daily basis increased by 3.3 percent over February.
The Federal Reserve Board's adjusted index increased
3.1 percent for the month, bringing the March index
to a level 32 percent above that of a year ago. From
February to March the largest gains occurred in coal,
ore, and grain and grain-products shipments. The
adjusted index for ores went up 21 percent in March,
the coal index increased 12 percent, and the grain and
grain-products index rose 10 percent. Declines during
the month were shown for coke, livestock, and merchandise Lcl. shipments.
While total freight-car loadings in March were
nearly one third higher than the depression low of
March 1933, there was a wide variation in the rate of
increase for the eight commodity groups for which
indexes are available. Loadings of coke and ore
increased 103 percent and 100 percent, respectively,
in this period, but since loadings of ore in March 1933
were only 5 percent of the 1923-25 average shipments,
the 100 percent gain in this movement was not particularly significant. Other large gains were recorded
as follows: 61 percent for coal shipments, 57 percent for
forest products, and 42 percent for the miscellaneous
commodity group. The grain and grain products and
livestock groups showed gains of only 8.6 percent and
2.6 percent, respectively, for the year. The increase in
the merchandise shipments in less-than-carload lots
was 6.3 percent.
The number of employees of class I steam railways,
excluding switching and terminal companies, increased
in March for the third consecutive month. The
employment gain over a year ago has amounted to
slightly more than 80,000, or 8.6 percent. Data on
employment and pay rolls indicate an increase in
activity in the building of cars and locomotives
during March. Output, however, continues relatively
low.
Net railway operating income of class I railroads
for the first 2 months of the year, as reported by
the Bureau of Railway Economics, was more than
$60,000,000 as compared with less than $24,000,000 for
the same period in 1933. Reports of a sample group
of railroads which have so far reported for March indicate further increases. Net railway operating income
for the month was $52,000,000 compared with $10,800,000 in March 1933.
RAIL AND WATER TRAFFIC
|
i
Monthly average, 1923-25= !
100
1931: March
1932: March
1933:
March
April
May
June
July
August
September
October
November
December
1934:
January
February
March
Monthly average January
through March:
1932
1933
1934
1
Daily average basis.
1
Canal traffic
rplus
Financial
statistics
S3
u
9
5
1
Freigh
•8
C
Miscell aneou
ise
G
Ore
Coke
Coal
1
i
Total
a;
Adjust
Year and month
Forest produ
m
and
ucts
F.R.Bc index
Grain
i
>rod-
Freight-car loadings
Thousands of cars *
:
80 i 733.0
128.4
61 I 565.2 || 116.0
5.8
2.6
277. 2
188. 5
622
705
2.1
3.2
7.7
11.1
22.1
34.2
36.8
7.4
2.9
158. 7
185.2
201. 2
219. 0
227. 8
217. 9
227. 6
242. 0
210. 7
181. 9
681
619
553
454
393
398
380
385
441
463
872
974
951
1,201
1,224
1, 351
1,392
1,256
1,054
1,333
10,815
19,041
40, 693
59, 483
64, 307
60, 978
60, 936
57,265
37, 566
37, 764
12, 700 j
0
17, 200
696
1,425
3,490
2, 950 3,582
16, 500 6,050
4,900
7,690
6,800
8,452
18,200
7,154
3,022
2,000
5,700
172
0
183
542
479
473
623
517
593
664
0
724
664
783
779
823
1,002
961
1,082
964
922
64 i 544.4 I 129.8
64 || 577.2 '! 143.8
66 j! 611.8 i! 145.9
3.1
3.1
3.7
184. 8
196. 2
221. 0
434
375
357
1,306
1,132
1,227
30,931
29, 281
52,048
26,960
13,600
15,600
0
0
0
0
0
0
846
979
564.3 ij 115.4
480.7 : 107.2
580.4 140.3
2.7
2.0
8.3
185. 2
154. 8
202. 2
723'
674
389
1,490
994
1,222
21, 793
11,511
37,420
32,267 i
17,092 |
18,720
470.9
500.9
532.0
566.3
621.8
625.7
640.9
651.4
591. 5
513.1
2
92.3
79.5
79.6
90.5
112.1
123.5
125.0
125.0
125.5
114.1
For seasonal variation.
* American vessels, both directions.
4
Average weekly basis.
12
SURVEY OF CURRENT BUSINESS
May 1934
Automobiles and Rubber
production has continued to expand any month since the second quarter of 1930. While
AUTOMOBILE
during April. The indicated output for the the shortage of new models in the early part of the year
L
month in the United States and Canada is approximately 400,000 units. This figure, which represents
an increase of about 50,000 units as compared with
March, is the highest production for any month since
May 1930. Retail demand has continued active
despite the general rise in prices which followed the
recent action of the industry in raising wage rates.
These price increases affected roughly two thirds of
the total output, the balance representing mainly the
production of one leading concern which did not follow
the general increase.
Production delays experienced by several of the
leading producers in the earlier months of the year was
a major factor in the sharp rise in production during
March. The acceleration of schedules resulted in a
10 percent rise in the Federal Reserve Board's seasonally adjusted production index to SO percent of the
1923-25 average. Production in the United States
and Canada for the first quarter amounted to 762,118
cars and trucks. The April output brought the cumulative total for the year above 1,150,000 units which
compared with a total output in the entire year 1932
of 1,431,494. This is the largest production for this
period since 1930 when 1,514,970 cars and trucks were
produced; however, production in March and April
exceeded the comparable 1930 figures.
Exports of automobiles in March were nearly double
the February total. Foreign shipments of passenger
cars and trucks numbered 26,217, the largest total for
influenced the trend, first quarter shipments indicate
that the foreign demand is the best experienced in
over 3 years. Trucks exported in March were in
excess of 10,000, the largest monthly total since 1929,
with the exception of 2 months of 1930.
Activity in the rubber manufacturing industries
expanded during March. Consumption of crude
rubber was substantially above the February total;
the 43,329 tons used was the largest March consumption on record. Judging by the employment and
pay-roll data, a further rise occurred in the output of
automobile tires and tubes and of mechanical rubber
goods. Actual statistics on tires and tubes are not
available later than February. In that month production was about one tenth higher than in January,
and was 85 percent above the output of a year ago.
Conditions in the retail tire trade have improved as a
result of an agreement between the manufacturers and
distributors which established price differentials
as between the principal outlets; this agreement
terminated the price cutting which had been
widespread, and made effective the price schedules of
March 3.
World stocks of crude rubber at the end of March
were about the same as a month earlier. Stocks in
the United States have been curtailed by the heavy
consumption. Domestic stocks are some 40,000 tons
less than a year earlier, although world stocks are
30,000 tons larger.
AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports
Automobile production
Canada
United States
Year and month
F.B.B.
index,
adjusted i
Monthly average,
1923-25
= 100
1931: March
1932: March
1933:
March
April
May
June
July
August...
September
October
November
December
1934:
January
February
March
Monthly average January through March:
1932
1933
1934
67
28
27 |
44 j
51
66 |
70
61
56
46 |
32
47 1
Total
Taxicabs
Trucks
Thousands
276
119 |
231
99
Total
Passenger cars Trucks
410
45,161
74 ! 19, 560
Automobile
financing
12, 993
8,318
11, 524
5,548
6,005
3,183
200, 841
92,192
153
185
211
195
195
161
108
43
53
660
411
54
35
4
68
9
63
1,611
1,299
18, 117
27, 363
33, 649
41, 904
38,118
41,412
35, 243
30, 469
19, 558
30, 252
6,632
8,255
9,396
7,323
6,540
6,079
5,808
3, 682
2,291
3, 262
5,528
5,662
5,093
4,757
5,546
6,516
6,330
5,906
3, 527
3,066
2,528
2,656
2,445
2,478
3,582
3,792
4,614
5,567
3,176
6,460
78, 741
119,909
160, 242
174,190
185, 660
178, 661
157, 976
136, 326
94,180
58, 624
58
161
73 j 235
80
338
116
190
278
321
27
16
44, 733
45,104
57,843
6,904
8,571
14,180
3, 685
8,872
16,141
7,573
6,039
10,076
61, 242
94,887
173,287
36
36
70
97 !
100 j
195 !
65
272
121
21,136
18, 425
49,226
5,842
4,429
9,885
4, 986
6,036
9,566
Pneumatic
tires
Crude rubber
Domestic
Retail
DoBy
Pro- i mestic
Imconwhole- purducsale
chas- ! tion | ship- sump- ports
dealers
ers I
i ments tion,
total
!
Millions of
dollars
Number
118
181
218
253
233
237
196
139
64
84
World
stocks,
end of
month
Long tons
Thousands
3,730
ol I 2,937
3,143
2,281
30,165
25, 602
40, 788
45, 588
523,003
624.902
34
45
58
66
65
71
63
58
44
33
1,630
2,499
4,151
4,880
4,571
3,995
3,199
2,743
2,432
2,466
1,616
2,874
4,077
4,320
4,324
3,674
2,714
1,943
1,686
2,726
15, 701
22, 817
38, 785
44, 654
43, 660
39,097
31,047
27, 758
25, 371
25, 306
28, 475
21, 034
26, 736
23, 504
45, 243
45,413
46, 255
46,034
41,821
40, 751
622,142
617,490
620, 586
632, 565
619, 752
603,711
619,019
628,127
646, 423
644, 398
36
62
103
34
45
69
3,804
4,205
3,043
3,106
35,159
36,548
43,329
49, 088
35, 220
43,253
643, 355
652, 690
653,000
34 !
28 I
107 I
47 j
21 !
50 i
. j 26,313
J! 18,151
. 38,345
35, 846
27,369
43,187
626, 367
618, 431
649,682
63 i
34 I
j
28 I
41
55
57
58
70
51
39
18
17
I
119
118
244
Adjusted for seasonal variations.
Passenger
cars
New
passenger
car
registrations
2,604 1 87,499
2,916 I 76,017
7,896 109,805
13
SURVEY OF CURRENT BUSINESS
May 1934
Forest Products
ately during March. The adjusted index was 7
percent under the 1933 high point, but was the highest
March figure since 1931. Pay rolls also advanced for
in the Federal Reserve Board's index of production, the month, but were less than a third as large as the
the lumber index in March was the lowest with relation comparable 1929 figure.
Net receipts of gum, rosin, and turpentine at
to the 1923-25 average. This condition is, of course,
directly related to the inactivity in private construc- Savannah, Jacksonville, and Pensacola during March
tion, a major industry which has not yet revived to any registered a much larger than seasonal increase.
measurable extent. Notwithstanding the compara- Stocks, however, were reduced as shipments were in
tively low level of demand, lumber prices have moved excess of receipts. Wood rosin and wood turpentine
upward at a fairly rapid pace over the past year; in production decreased but not sufficiently to offset the
March they averaged 49 percent above a year ago. drop in shipments, thus increasing the stocks of these
They were only 8 percent below the 1929 average, commodities.
although general wholesale prices are 23 percent below
The paper industry continued to improve during
the average for that year.
March, with substantial gains being registered in
Shipments of lumber so far during 1934 have been employment and pay rolls. Production and shipments
about 7 percent below the cut, but new orders have of newsprint from mills showed large advances over
exceeded production by about 2 percent. Stocks are February and also over March 1933. Stocks at
still relatively large; a representative list of mills publishers declined very slightly below the February
reporting stocks had 3,368,448,000 feet on hand April total, while stocks in transit to publishers increased.
14, compared with 3,451,920,000 feet on April 15, 1933. Imports of newsprint during March were much larger
Unfilled orders for a representative sample of identical than in the short month of February and were 47
mills amounted to 608,377,000 feet, the equivalent of 26 percent above March 1933. For the year to date
days7 average production, compared with the equivalent imports were 36 percent above 1933 and 4 percent
of 20 days' orders on hand on the comparable date of more than in 1932.
1933. Foreign shipments of lumber during the first quarProduction of Canadian newsprint during March
ter of the year were 23 percent larger than in 1933, 31 amounted to 210,129 tons and shipments were well
percent above 1932, and 10 percent larger than in 1931. above a year ago. Stocks showed a slight increase
Employment in the lumber industry, after adjust- which was due chiefly to accumulation of tonnage to be
ment for the usual seasonal changes, increased moder- shipped later as water navigation opened.
UMBER production expanded during March and the
Irelatively
J first half of April, but operations remained at a
low level. Of the major industries included
FOREST PRODUCTS STATISTICS
General operations
Year and month
Southern hardwoods
Car- LumNaval load- ber
exLumings,
stores,
ber
EmPay
mar- forest ports,
pro- ploy- rolls,
all
prodketings
duc- ment^ unaducts 2 types
tion,
adad- justed^ justed
Pro- New Unduc- orders
filled
tion
orders
• justed1
Monthly average, 1923-25=100
1931: March
1932: March..
1933:
March
April
May
June
July
August
September
_..
October
November
December
1934:
January
February
March
Monthly average January through March:
1932
1933.
1934
Household
furniture 3
Southern pine
UnPro- New filled Pro- New U n - Ship2 orders, ducduc- orders
filled
tion^
end of tion orders orders m e n t s
month
Unfilled
orders,
end of
month
NumberMays'
production
Millions of feet, board measure
55.7
41.2
46.2
24.5
39.7
29.6
33.7
19.9
76
64
165
90
173
113
473
292
46.6
25.6
54.3
28.5
196.5
101.2
165
104
174
127
121
77
15
10
32.5
33.3
35.7
40.0
43.8
46.6
49.4
49.9
47.9
46.7
14.3
15.6
18.0
21.7
24.6
28.9
33.1
33.5
30.0
27.5
32.9
69.4
122.2
134.6
135.3
125.3
101.3
96.5
81.0
78.7
15.3
17.2
20.8
25.1
26.8
27.2
24.7
24.4
23.4
18.1
68
75
89
95
95
78
76
80
73
98
64
71
98
146
226
247
135
169
165
150
143
131
135
233
184
128
128
128
143
71
264
240
208
200
211
234
218
21.1
28.8
34.4
35.0
49.0
37.7
34.2
33.0
25.6
27.8
28.3
33.6
57.3
49.5
38.6
24.5
32.8
29.5
32.9
17.3
107.9
120.4
195 2
203.7
218.9
105.6
112.8
116.4
120.9
123.4
87
89
116
121
126
133
114
104
103
96
113
113
180
159
120
118
98
91
91
73
64
67
92
88
81
71
60
55
55
53
5
5
7
11
17
18
18
12
9
6
44.1
45.3
46.4
24.1
26.9
28.4
31.9
23.9
50.4
18.3
21.8
23.7
97
70
83
124
128
120
98
124
135
230
240
239
27.3
33.0
30.2
30.0
30.0
29.2
142.4
144.1
123.1
106
112
124
103
108
134
76
90
10
9
9
42.8
34.0
25.7
15.6
26.5
26.6
29.2
35.4
19.2
14.4
21.4
72
63
83
80
61
124
113
89
119
321
231
236
26.5
23.0
30.2
29 3
26^3
29.7
108.6
112.8
136.5
91
83
114
117
95
115
59 I
**•>
Adjusted for seasonal variation
Thou
sands of
cars
Douglas fir
* Weekly average.
1
Grand Rapids district.
71
12
13
C)
9
14
SURVEY OF CURRENT BUSINESS
Mav 1934
Iron and Steel Industry
steadily during April, steel mill
EXPANDING
' schedules approached last summer's peak level
000,000 was added to the industry's monthly pay rolls
by the general wage advances.
toward the end of the month. This upward moveProduction of pig iron in March was 12 percent
ment has been contrary to the usual seasonal trend. higher than in February, after allowance for the usual
Anticipatory buying, spurred by the announcement of seasonal trend. The tonnage produced was almost as
general price increases, has been an important influ- large as for the entire first quarter of 1933. Seven
ence in this trend, as consumers of steel were desirous additional furnaces were placed in blast during the
of building up stocks of materials at prices in effect month. With the output of steel mills averaging
before the higher prices became effective. Substantial 42 percent of capacity as compared with 18 percent a
demand came from miscellaneous sources as well as year ago, ingot production during the first quarter was
from automobile producers and the railroads. The more than twice as large as production in the same
heavy bookings, which some mills report were the larg- period of last year.
est in 3 years, portend a favorable rate of activity for
The gain in shipments of finished products by the
the industry during the second quarter.
United States Steel Corporation during March amountThe gain in activity during March is reflected in a ed to 53 percent, bringing the month's total to more
rise of 3 points in the Federal Reserve Board's adjusted than twice the low figure reported for March 1933,
production index to 67 percent of the 1923-25 average. Shipments in the first quarter exceeded those of the
Production was slightly more than three times as large similar period in both 1932 and 1933, but were only
as in March 1933, when output reached the depression slightly more than half the total in the corresponding
low. The number of workers employed during the months of 1931.
Announced price increases effective on or about
month increased 4.2 percent, while pay rolls showed a
April 10 ranged from $2 to $8 a ton, and included
rise of 13 percent. According to the American Iron
virtually all steel products except tin plate and rails.
and Steel Institute, 403,000 workers were employed in The composite price rose $2.37 a ton, bringing the
the week of March 31, compared with 350,000 at the end average to $34.77, the highest figure reported since the
of 1933. Hourly wage rates were advanced by 10 per- last week of March 1930. The uptrend of iron and
cent on April 1, which brought the rates of pay to a steel scrap prices prevailing in March was not continpoint more than one third above the depression low of ued in various steel centers during the first 3 weeks of
June 1933. It is estimated that approximately $3,- April, despite the marked gain in steel output.
IRON AND STEEL STATISTICS
General operations
Year and month
Iron and
steel
Pig iron
EmPay
Produc- ployProtion, ment, rolls, I Ex- I m - ducunadadports ports tion
adjusted 1 justed »justed
Furnaces
in
blast
Thousands of long
tons
Number
Monthly average,
1923-25 = 100
931-. March
1932-. March
1933:
March
April...
_
May..
June
July
_.__
August
September
October
November
December
1934:
70.0 I
35.4 \
109
50
40
41
2,032
22A !
81
100
123
103
22
28
26
34
53
47
542
624
887
24.4 I
29.5 !
36. 2
42.4 !
52.7 I,
49.0 l|
49.3 |
44.4 I
41.8 ;
January
February
March
88
119
109
165
158
967
1,265
1, 792
1,833
1, 522
56
1, 356
47
1,085
29
o'l 1 1, 182
1,215
1,264
1,620
42.7 i
47. 7
53.8
]
i! Steel ingots iSteel sheets2 United
States
Steel
Corporation,
finished
ProNew Ship- prodduc- Per- or- ments
ucts,
tion cent ders
shipments
of
capacThou- ity
sands
Thousands of Long
of long
short tons
tons
tons
116 ! 3,054
60
1,433
38 !
48
63
90
106
98
89
79
76
910
1,363
2,002
i 2,598
3, 204
2. 901
2,313
| 2,112
; 1,541
1, 820
87 r 1,997
89 !: 2,214
96
2,797
M o n t li 1 y a v e r a g: e, J a n a a r y
through March:
19o2._
39
.. .
1984
i
S>2
:.o. 1 !
71.5 i
4S. 1
i Adjusted for seasonal variation.
33
L'l
908
555
'•ii)
1,366
02
43
'••
91 .!
1,400 :
1.009
2 336
1
55 I
25
236
• 102
16 ! 83
25 '' 119
34 i 144
46 | 247
59
174
49
159
41
145
37 | 79
27 i 88
33:
;
20
18
110
42::
181 :
so :
Iron
and
steel,
composite
Steel
billets,
Bessemer
(Pittsburgh)
Steel Finished
scrap steel,
(Chi- comcago) posite
Dollars per long ton
Dollars
per 100
pounds
208
118
907, 251
388, 579
31.66
29.62
30.00
27.00
10.00
7.13
2.23
2.17
75
100
119
153
174
174
164
175
99
256, 793
335,321
455, 302
603,937
701, 322
668,155
575,161
'172, 897
430, 358
iOO. '•,?,{)
28.35
28.16
28.45
28.73
29.81
30.04
31.30
31.59
31. 59
32. 42
26.00
26.00
26.00
26.00
26.00
26.00
26.00
26.00
26. 00
26. 00
5.25
6.00
8.45
8.91
10.41
10.45
9.84
9.33
8.56
8.94
2.10
2.06
2.08
2.09
2.17
2.17
2.20
2.26
2.26
2.31
82. 42
32. 12
32. 40
26. 00
20. 00
10.50 l
2.31
2.31
2. 31
110
34 | 209 j
43 h 184
48
15S
Prices
147
201
110
70
160
i, vn
n. oo
7.20
5. 25
:.'v i."
ri.n
Black, blue, galvanized, and fall finished.
n.oo :
12.13
36.00 I
11.21
2. 13
2. 11
2. SI
15
SURVEY OF CURRENT BUSINESS
May 1934
Textile Industries
of 12 percent over the preceding month. Shipments
during this same period were in excess of production,
printed yardage in storage declining about 5 percent
during the month.
March statistics indicate a general decline in production in the wool industry. Wool consumption was
slightly higher than in February, although daily average consumption declined. Machine activity in all
branches of the industry, excepting carpet and rug
weaving, was lower than in February. Recessions in
all cases were moderate, with the largest declines indicated for combs and worsted spindles. Wide looms
were operated at 66 percent of single-shift capacity,
compared with 69 in February, while the operations of
the narrow looms dropped from 39 to 38 percent. Carpet and rug output was increased 7.5 percent, with
machine hours up from 40 to 43 percent of capacity.
Silk deliveries were slightly higher in March than in
February, on a daily average basis, and the seasonally
adjusted index of production advanced sharply in the
absence of the usual decline. Machine activity averaged slightly lower than in February, although output
was substantially higher than in January. For the 4
weeks ended March 24, broad looms were operated at
63.2 percent of capacity, compared with 64.3 percent
in the preceding 4 weeks, and 51.8 percent in January.
Operations of the narrow looms producing ribbons, hat
bands, woven labels, and miscellaneous goods, were at
37 percent of capacity in March, 36.6 percent in February, and 31.7 percent in January.
CTTVITY in the textile industries was maintained
at a relatively high level in March. While daily
average output, as measured by the Federal Reserve
Board's production index, was slightly lower than in
February, the seasonally adjusted index advanced from
91 to 94 percent of the 1923-25 average, the third successive monthly increase. Employment and pay rolls
were expanded further, the seasonally adjusted index
of the former advancing 2.7 percent while the pay-roll
index, which is not adjusted for such fluctuations,
advanced about 6 percent. These increases were well
distributed throughout the various branches of the
industry, with the exception of the silk and rayon and
woolen and worsted groups, both of which reported
declines. Textile prices have moved slightly lower since
the end of February, the wholesale price index dropping
from 76.6 to 75.5 in the 6 weeks ending April 14.
Production in the cotton industry continued to
expand during March. Cotton consumption increased
slightly, on a daily average basis, whereas the usual
seasonal change for the month is downward. March
consumption was the highest for this month since
1929, while the amount consumed during the first
quarter was the largest for this period since 1930.
Spinning activity was at the rate of 102.9 percent of
single-shift capacity, compared with 101.5 in February
and 93.8 in March 1933. Production of cotton goods,
cotton small wares, and print cloth increased during
the month. Cotton cloth printed in the 4 weeks ended
March 24, amounted to 115,895,434 yards, an increase
TEXTILE STATISTICS
I Cotton,
raw
Year and month
i
3
Cotton and manufactures
Cotton cloth
finishing >
g«
sei
©+8
Is
an
I Monthi lyav| erage,
,1923-25 =
100
1931: March
1932: March
1933:
March
April
May
June
July
August
September
October
November
December
1934:
January
February
March
Monthly average, January
through March:
1932
97
82
76
85
108
133
130
114
99
91
89
78
1
490,509
488,907
495,183
470, 359
620, 561
697, 261
600, 641
588, 570
499, 486
503,873
475, 368
348, 393
87 || 508,034
91 || 477,890 j
94 !| 543, 690
82
M
Vm
Running
bales
458,291
468,856
5!M),371
Millions of
spindle
hours
"7,1)00" 87, 318
6,967 93,145
7,050
6,570
8,329
9,299
8,128
7,942
7,058
7,261
6,796
5, 095
6, 582
6,709
7,1*7
G
O
'Z
a*
I
Wool manufactures |i gg
i! —. *
Spinning
spindles
: jo
k* is11
!| MonthPercent of active hours
to total reported
72.4
56.2
40,373
29,384
57
45
57
37
95,746 80,446
74, 463 80, 765
88, 278 81, 740
100, 479 75, 395
90,106 72, 909
75, 329 82, 943
57, 471 92, 301
71, 669 103, 371
64,334 103,574
50.0
50.7
57.9
67.1
80.2
93.5
91.3
88.8
86.0
85.5
24, 943
28, 701
46,898
68, 688
57, 377
55, 694
50,467
51,037
43,466
33, 570
42
53
77
100
108
99
82
68
63
32
35
72
92
96
83
69
65
60
46
2
Operations, machinery activity
Looms
|
65, 145
86,429
84,257 I 75,410
92,606 ! 80,933 :
Silk
s
Monthly avThou'
erage, sands of
1926 =
pounds
100
6, 970
6, 892
7, 720
Adjusted for seasonal varialionj
Thousands of
yards
Wool
86.5 |; 35,968
88.6 i! 34,348
89.1 i! 38,119
70
76 j
75 I
56. 1 ;j 32,688
49.7 II 31,244 •
SN. 1 g',t.i78
54 !
74
\
34
26
28
29
46
53
54
51
48
41
39
27
52 ! 34
39
43
38
44
47
48
Printed only (mill and outside),
59
48
fi
100
:
;
pou^ds
0
\
71.8 II
62.7
46,
761
j
53.2
38, 934
1 53.3 41,910
j 61.5 47,151
68.8 53, 627
44, 597
j
72.3
42,852
i
78.9
31,185
I
82.7
62 | 84.5 28, 523
64 1 84.4 34, 822
57 1 84.3 2 6 . i),')\)
43
42
66
87
97
87
73
67
69
G6
1
1
Percent of active hours Dollars
per
to total
pound
93. 8
60.2
44.2
47.2
58.6
41.5
2,561
1.617
56.6
59.2
75. 4
74.8
82.9
36.3
42.2
46.0
53.0
53.2
38.2
49.8
52.3
62.8
78.4
1.182
1.324
1.586
2.155
2.273
1. 881
1.889
1. 647
1.465
1.416
8 4 . :< • *0, \)\2
84. o
39, 021
1.453
1. 550
1. 405
84.0
50. 4S8
S!» '2M
3
74.2 ;
75.6 ;
44.3 !
36.8 !
Grease equivalent*
45.9
48.0
1.820
1.229
1.469
16
SURVEY OF CURRENT BUSINESS
May 1934
Index of Cash Income from Farm
Marketings
RESPONSE to the need for a current and adeINquate
measure of changes in income from agriculture,
the Bureau of Agricultural Economics has prepared a
new monthly index of the cash income derived by
farmers from the sale of farm products. These
indexes are based on estimates of monthly cash income
for the period January 1924 to January 1934, and
they have been adjusted for seasonal variations.
Current estimates in continuation of the data presented herewith will be carried each month in the
farmers. Although the total of the 12 monthly estimates of income for any year is approximately the same
as the annual estimates of cash income from farm
production, the}r are not exactly comparable. Slight
differences occur because the annual estimates of cash
income represent the total income from the crops sold
or to be sold from the production of the year, while the
monthly estimates are based upon marketings regardless of when the crops were produced. Also, the
annual estimates of cash income from crops are on a
INDEX
140
120
100
JAN JULY JAN JULY JAN. JULY JAN. JULY JAN. JULY JAN. JULY JAN. JULY JAN. JULY JAN. JULY JAN. JULY JAN. JULY JAN. JULY
'25
'26
'27
'28
'29
'30
'31
'32
'33
'34
'35
Index of Income from Sales of Farm Products
Survey of Current Business. In addition to these
indexes, the Bureau of Agricultural Economics has
prepared and issued actual dollar figures covering this
same period, and current data of this nature are being
released each month. Copies of this additional material may be obtained upon request from that Bureau.
Differences Between Monthly and Annual Estimates
The indexes presented herewith are based on estimates of the monthly cash income from marketings of
37 of the more important agricultural products. The
income from these 37 commodities in most years represents about 90 percent of all cash income received by
1
Index prepared by C. M. Purves, Bureau of Agricultural Economics, U.S.
Department of Agriculture. Described in a mimeographed article, published by
that Bureau, which has been adopted for use here.
crop-year basis and the crop year varies materially for
different crops. While some crops, such as strawberries, watermelons, and other highly perishable
commodities, are marketed in the summer months of
the calendar }^ear in which they are produced, other
crops such as oranges, potatoes, and corn are marketed
largely in the year following the calendar year in which
they are produced. Some differences between the
monthly estimates and annual estimates of cash income
may also be expected because the monthly estimates
are based upon a sample of all farm products sold,
which includes only a portion of the marketings of
those products, whereas the annual estimates of cash
income are based upon all farm products sold either
locallv or in central markets.
17
SURVEY OF CURRENT BUSINESS
Mav 1934
Method of Computing Monthly Estimates
Estimates of monthly cash income are derived from
estimated monthly marketings of the several farm
commodities and the farm price of these commodities.
Monthly marketings are computed from a variety of
data.
Marketings of grains are estimated from the receipts
and inspections at primary concentration points. The
total receipts of any grain for the crop year are compared with the estimated total sales of that grain, as
determined from reports on the proportion of the
production sold or to be sold, and the monthly receipts
are then adjusted to equal the amount sold by farmers
during the crop year. These adjusted marketings
multiplied by the average farm price give cash-income
estimates by months which for the entire crop year
approximate the annual estimate of cash income.
Separate estimates are made for wheat, corn, barley,
oats, rye, and rice and the monthly data totaled.
These monthly totals are then adjusted for the grains
not included. The grains included represent approximately 96 percent of the value of all grains sold by
farmers.
Cotton and cottonseed marketings are estimated
from receipts of these commodities at the 10 principal
spot markets for cotton. These monthly marketings
are adjusted to equal total marketings of cotton and
cottonseed during the crop year, then multiplied by
the monthly farm price to derive monthly income from
marketings.
Marketings of fruits and vegetables are measured by
car-lot shipments from the principal producing areas.
Shipments are adjusted to represent total marketings
and the income calculated in the same way as for other
crops. This group includes oranges, grapefruit lemons,
apples, peaches, pears, strawberries, watermelons,
cantaloupes, potatoes, sweetpotatoes, dry edible beans,
tomatoes, cabbage, onions, lettuce, and celery.
The estimates of income from meat animals are
derived from the monthly inspected slaughter of
cattle, calves, hogs, sheep, and lambs. Inspected
slaughter for each type of animal is adjusted to equal
total slaughter; thus monthly income from livestock
is based upon estimated total slaughter and the farm
price for the month.
Income from dairy products is estimated from the
monthly marketings and farm prices of whole milk at
wholesale, whole milk retailed by farmers, and farm
butter and butterfat. Since monthly data on marketings of whole milk are not available, marketings are
estimated by applying an average seasonal trend of
marketings to estimated annual sales of whole milk at
wholesale and retail. This seasonal trend for milk
retailed by farmers merely adjusts for the number of
days in the month. The seasonal trend of fluid-milk
sales at wholesale is derived from monthly receipts of
54480—34
3
fluid milk and cream at the larger cities, and monthly
production of whole-milk products. Income from the
sale of chickens and eggs is estimated from the receipts
of these products at the principal markets.
Monthly Estimates Raised to Equal Total Cash Income
When thus adjusted, the crops included provide
about 88 percent of the total income from crops and the
livestock and livestock products provide about 98
percent of the total income from these products.2 The
monthly estimates of income from the commodities
included in both crops and livestock were then raised
to equal total cash income from all crops and livestock
sold. This was done in the case of crops by determining for each year from 1924 to 1932 what percentage
the annual cash income from those crops included in
the monthly estimates of cash income was of the total
annual cash income from all crops. The monthly
estimates of cash income were then divided by these
percentages, thus raising them to the level of income
from all crops. As the percentage was practically
constant for all years from 1924 to 1932, it was estimated that the cash income from these commodities
in 1933 would bear about the same relationship to the
total cash income as in previous years. Monthly
estimates of income from all livestock were determined
by a similar comparison of the annual cash income
from livestock and livestock products represented in
the monthly estimates of cash income and the total
annual cash income from all livestock products.
As the marketing season for the various crops differs
materially and some crops produced in the current year
are being sold at the same time as crops produced in
the previous year, the total of the monthly estimates of
cash income for any 12-month period are not directly
comparable with the annual estimate of cash income
from all crops. For livestock the sum of the 12 monthly
estimates of cash income for the calendar year is directly comparable with the annual cash income from
livestock.
2 As the indexes are based on cash income from the marketings of farm products,
they do not include the cash income derived from payments made by the Agricultural Adjustment Administration for participation in production-control programs.
Rental and benefit payments made to date are indicated in the following table showing benefit and rental payments to farmers not included in other sources of income:
Year and month
1933:
August
September..
October
November.
December..
Total.
1934:
JanuaryFebruary.
March
Cotton
1,000
dollars
771
49, 254
50,802
7,847
2,755
Tobacco
Wheat
Hoi
Total
1,000
dollars
1,000
dollars
1,000
dollars
117
24, 029
3,780
1,000
dollars
889
73, 324
55,162
10,513
19,137
27,926
159, 015
1
41
580
372
280
111,419
1,274
32, 464
14, 073
3,460
272
40
11
2,294
16,103
18, 397
26, 922
14,316
5,998
59, 558
28,429
9,469
a
Only 85 percent of payment on hogs was included as payments to farmers, the
remaining 15 percent being allowed to cover commission charges and freight to
packing plants where payment was made by the Agricultural Adjustment Administration.
Source: Bureau of Agricultural Economics.
18
SURVEY OF CURRENT BUSINESS
Elimination of Seasonal Variations
Although many farm products are marketed each
month of the year, marketings in some months are
much larger than in others. This variation in marketings is offset to some extent by variations in prices, but
there still remains a marked seasonal trend in the
monthly income from the sales of farm products.
Monthly income estimates are usually highest in October, decline each month from October until April, and
then increase to October. When comparing the income of any one month with the income of preceding
or following months, this seasonal variation must be
considered. In order to facilitate the month-to-month
comparison, the seasonal variation was eliminated from
the monthly estimates of income. The chart accompanying this article gives a comparison of the adjusted
and unadjusted monthly estimates of income converted
to a percentage of the average monthly income for the
years 1924 to 1929.3
Seasonal variations in marketings and in income from
the various farm products are markedly different. For
example, income from eggs reaches its peak in the spring
months and income from chickens in the fall months.
Thus, while there is a decided variation in the monthly
income from poultry and eggs when the two series are
combined, the seasonal variation is partly eliminated.
However, any marked variation in the marketings of
either poultry or eggs w^ould tend to result in a different
seasonal trend, although the change in the monthly income from either of these products might not differ materially from the usual seasonal trend of income. In
order to overcome such irregularity as might be due to
fluctuations in the sales of different commodities from
year to year, the seasonal variation in income was eliminated in each commodity before index numbers were
computed.
Method of Seasonal Adjustment
The average of monthly incomes for each month for
the years 1924 to 1929 has been used as a base from
which to measure seasonal variations in marketings.
The seasonal variation for January was eliminated by
3
The years 1924-29 were used as a base for the reason that the quinquennial census
data are available for the first and last year of this period. The 1923-25 base period,
which is used for many other indexes, was not adopted because the advantages of
the 1925-29 base are obvious. However, it is believed that the trend of the index
would not vary materially on a 1923-25 base, since the average gross farm income for
the period 1924-29 was 102 percent of the 1923-25 average.
May 1934
determining the percentage that the average January
income for this 6-year period was of the average income
for the entire 72 months. Where the average January income from a commodity was found to be 80
percent of the average monthly income for the period,
dividing the January income estimates by 80 percent
eliminated the seasonal variation for that month.
Similar adjustments were made for each month in the
year. After eliminating the seasonal variation in
income for each commodity, the adjusted incomes were
combined into groups before being converted into
index numbers with the average monthly income from
1924-29 equal to 100.
As monthly variations in incomes from crops are very
wide, it is necessary to take the seasonal factors into
account in comparing the income of 1 month with that
of others within the year. However, it is difficult to
determine what might be considered normal seasonal
changes in income from crops. In many cases more
than half of the crop is moved to market within a few
months after harvest, and the movement of the remainder of the crop in the other 9 months is often
irregular. Furthermore the harvesting season shifts to
some extent from year to year with changes in weather
conditions, and the marketing may be affected not
only by weather but also by general economic conditions. Consequently, after making adjustments for
any average seasonal change, there may be in any one
year considerable variation from this average in consequence of seasonal conditions, as well as economic
conditions that are not directly related to the usual
seasonal factors. The seasonal variation in income from
livestock is much more regular than that from crops,
and after seasonal adjustment the estimates of income
from livestock and livestock products are more representative of the changes effected by economic conditions.
Comparison of Index of Marketings
The indexes presented herewith differ materially
from the indexes of marketings which have been carried
regularly in the Survey of Current Business. These
latter indexes are quantitative measures of the marketings of farm products, and are not adjusted for seasonal
variations. A description of the index of marketings
may be found on page 18 of the March 1933 issue of the
Survey.
19
SURVEY OF CURRENT BUSINESS
May 1934
CASH INCOME FROM SALES OF FARM PRODUCTS
[1924-29=100]
Crops and livestock—Combined index
CropsCombined
index
CropsCombined
index
Livestock and products adjusted >
Crops and livestock—Combined index
Combined
index
UnadAdAdjusted justed ' justed i
Livestock and products adjusted 1
Month
AdUnadAdjusted justed i justed i
Dairy
products
Meat
animals
Poultry
and
eggs
1924
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average -
Monthly average-
93.5
84.0
72.5
68.0
76.0
72.5
77.0
95.5
122.0
150.0
126.0
120.0
93.5
97.0
85.5
91.5
94.5
93.0
94.0
94.5
98.5
102.0
102.0
103.5
98.0
103.5
85.5
97.5
103.5
104.0
101.5
103.5
110.0
112.5
113.5
110.0
89.0
90.0
85.0
85.5
85.5
81.5
85.5
85.5
87.0
91.0
90.0
96.5
96.4
95.8
103.6
87.7
100.0
85.0
85.5
80.0
88.0
94.5
100.5
97.0
115.0
126.0
111.5
98.5
102.0
100.5
100.0
104.5
101.0
117.5
112.0
95.0
97.0
91.5
96.0
90.5
102.0
101.5
95.5
107.0
102.5
125.5
117.0
90.0
90.5
86.5
89.5
78.5
102.0
99.5
105.0
101.5
99.5
109.0
107.0
100.5
103.5
96.5
102.5
103.5
98.5
97.5
97.0
96.0
94.0
97.5
97.0
93.5
97.0
93.0
97.5
98.0
100.6
•8.8
102.5
'8.5 !
Dairy
products
Meat
animals
Poultry
and
eggs
1925
88.0
86.5
89.5
90.0
93.0
94.5
95.0
98.0
95.5
100.5
99.0
96.5
107.0
99.0
100.5
104.5
98.0
103.0
105.0
101.5
102.5
109.5
100.0
101.0
89.5
106.0
91.5
99.0
92.0
103.5
96.5
97.0
88.0
90.0
86.0
95.5
93.8
102.6
94.5
101.0
99.0
102.5
103.0
102.0
97.5
92.0
98.0
95.0
95.0
99.0
96.0
99.5
100.5
101.0
105.5
106.0
103.0
100.0
101.5
99.5
99.0
100.5
100.5
99.0
97.0
105.0
101.0
99.0
97.5
90.0
98.5
91.5
91.0
96.0
93.0
111.0
100.5
97.5
101.0
101.0
83.0
79.5
88.5
95.5
94.0
107.0
95.0
101. 1 l|
•8.3
101.4
•6.5
'6.1
105. 5
100.0 li
98.0
96. 5
77. 5
81.5
109. 5
103. 5 11
96.0 I'
98.0 ;
81.0 i
94.0 !
108.0
102.0
107.0
115.0
111.5
107.0
114.0
113.5
110.5
107. 5
105.5
101.0
112.0
110. 5
111.0
113.5
114.0
108.5
110.0
111.0
109. 5
111.0
111.5
109. 5
85.5
84.5
79.5
83.5
85.5
78.0
83.0
86.5
86.0
93.0
97.0
105.0
84.5
96.0
81.0
82.0
83.5
80.5
86.5
80.0
83.5
89.5
83.0
85.5
109.5
88.0
86.0
72.5
80.5
84.5
85.0
100.0
130.0
140.0
122.0
122.5
110.0
105.5
104.0
91.0
91.5
94.0
94.0
107.0
103.5
97.0
102.5
109.5
122.0
113.5
112.0
84.0
88.5
88.5
88.0
114.0
109.5
91.5
107.5
117.0
87.3
84.6
101.7
100.8
103.0
104. 5
102.0
109.5
106.5
102.5
115.5
114, 0
105.0
108.5
98.5
102.5
102.0
102.5
93.0
101.0
96.0
103.0
118.0
108.0
102.5
104.0
97.0
112.5
118.5
91.5
83.0
88.0
80.5
88.0
88.0
84.5
101.0
125.5
139.0
117.0
98.5
95.5
99.5
107.0
104.0
103.0
108.0
97.5
101.0
100.5
95.0
96.5
89.5
90.0
99.5
112.0
105.5
104.0
117.5
102.0
103.5
106.0
95.5
94.0
83.5
'6.4
105. 9
104.6
98.7
99.8
103. 0
112.0
105.5
97.5
107.0
104.5
101.0
102.5
107.0
107.5
106.0
102. 0
109.5
109.0
108.5
107.0
106.0
107.0
107.0
109.5
110.0
109. 5
110. 5
109.0
97.0
114.5
103. 5
89.0
103.5
102.5
93.5
97.0
106. 0
106. 0
105. 0
99. 0
108.0
112.5
112.0
104.0
111.5
99.5
109.0
106. 5
109.0
113.5
101. 5
99.0
106.0
85.5
86.5
85.5
87.5
85.0
100.0
113.5
122.0
151. 5
109. 0
107. 0
-1104. 6 !
108. 5
101.4
107. 2 |
103. 3
92.5
96.0
93.0
88.0
87.0
89.0
90.5
86.0
88.0
86.5
82.0
86.0
95.
98.
94.
99.
100.
99.
97.
103.
97.
101.
'8.3
1927
1926
January
February
March
April
May
June
July
August
September
October
November
December
Combined
index
1928
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average_i
84.5
92.0
99.5
108.0
130.0
92.5
102.0
78.5
85.5
102.5
100.0
104.0
101. 5
98.3
105.0
118.5
117.5
109.5
114.5
120.0
125. 5
121.0
115.5
111.0
105.0
1930
January
February
March
April
May
June_-July
August
September
October
November
December
Monthly average-
97.5
81.0
76.0
80.0
85.0
76.5
76.0
79.5
92.5
98.5
81.0
75.0
98.0
95.0
87.5
98.5
95.5
88.5
78.5
81.0
80.5
75.5
72.0
69.5
89.5
86.5
77.5
94.0
90.5
83.0
69.5
79.5
71.5
60.5
59. 0
56.0
107.0
103.5
97.5
103.5
101. 0
94.5
88.0
82.5
89.5
91.0
85.5
83.5
104. 0
100.0
99.0
104.0
103. 5
97.5
93.5
92.5
97.0
96.5
98.5
96.5
107.0
104.5
97.0
102.0
101.0
95.5
87.0
78.5
87. 5
91.5
78.5
79.0
122. 0
117.0
108. 0
115.5
102.0
89.5
83.0
75. 5
92.5
82.5
89.5
79.5
69.5
56.5
60.0
58.5
61.5
53.0
56. 5
50.0
53.0
65.5
60.0
53.5
83.2
85.0
76.4
93. 9
98.5
92.4
96.4
58.1
1932
January
February...
March
April
May
June
July
August
SeptemberOctober
November..
December..
Monthly average.
51.5
45.0
43.0
41.5
42.0
34.0
35.5
38.5
46.5
50.0
44.5
39.5
53.5
55.5
51.5
52.0
47.0
39.0
40.5
38.5
41.5
38.5
39.5
37.5
51.5
56.0
51.5
52.0
46.5
34.5
34.5
27.5
31.0
29.0
30.5
30.0
56.5
54.5
52.0
52.0
47.5
43.5
46.5
50.5
52.5
49.0
49.0
45.5
70.5
67.5
64.5
63.5
61.0
55.5
54.0
56.5
56.5
56.5
58.0
58.0
46.5
47.0
45.0
46.5
38.5
35.0
41.5
43.5
46.0
37.0
35.5
32.5
59.5
53. 0 |
50.5
49.0
49.5
47.0
47.5
60.0
60.0
66.5
73.5
63.5
40.5
30.0
32.5
37.0
50.0
50.0
58.0
48.5
55.5
65.5
59.5
48.0
42.0
36.5
37.5
46.5
62.5
68.5
80.0
49.5
49.0
48.5
52.5
46.5
37. 5
32.0
33.5
48.0
71.0
83.0
105.0
44.0
45.0
45.0
48.5
45.0
47.0
41.0
42.0
45.5
53.5
53.0
53.5
55.0
53.5
52.0
56.5
47.5
57.5
52.5
51.5
51.5
55.5
56.5
60.0
64.0
66.5
66.5
68.0
66.0
32.5
34.0
36.0
40.0
49.0
52.0
48.5
48.5
44.0
42.0
44.5
35.0
71.0
41.0
45.0
52.5
62.5
47.0
52.5
50.5
48.5
54.0
60.0
48.5
42.6
44.5
39.5
49.9
60.2
41.2
56.6
47.9
51.6
53.1
50.0
59.7
42.2
52. S
1
Adjusted for seasonal variation.
D a t a for 1934. Crops and livestock: Unadjusted, January, 50; February, 45.5; March, 48.5. Adjusted, J a n u a r y , 52; February, 54.5; March, 57. All crops adjusted,
January, 54; February, 56; March, 60.5. All livestock and products adjusted, January, 50.5; February, 52.5; March, 53.5. M e a t animals adjusted, January, 43.5; February,
45; March, 43.5. Dairy products adjusted, January, 60.5; February, 61.5; March, 65. Poultry and eggs adjusted, January, 51; February, 56; March, 62.
20
SURVEY OF CURRENT BUSINESS
Mav 1934
GAS: CUSTOMERS, SALES AND REVENUE1
|
Year and month
|
Customers
xo^ai
Sales
Industrial
House and
comDomestic heating
mercial
Total
!!
i
ij
Revenues from sales to consumers
House Industrial
Domestic heating
and commercial
ii
Total
House Industrial
! Domestic heating
and commercial
ii
Thousands
Millions of cubic feet
Thousands of dollars
MANUFACTURED GAS
j
1932
January
February
March
April
May
June
July
August
September
October
November
December..
_
. ._
_.
__
Total
Monthly average..
10,306
10, 286
10, 255
10, 272
10, 235
10,195
10,127
10,075
10, 069
10, 039
9,972
9,914
9,795
9,772
9,741
9,758
9,724
9, 688
9,630
9,580
9,574
9, 534
9,463
9,404
57
58
57
57
56
51
44
46
47
56
60
61
121, 744
115,662
650
10,145
9,639
54
445 !
448 i
449 j
449
447 i
447 !
446 j
442 !
440 i
440 !
440 !
440
5,334
445 j
33, 654
32, 044
33,701
32, 949
30, 670
29, 005
26, 296
24, 396
26, 906
29, 061
29, 240
30, 955
23, 580
21, 906
23,173
23, 324
22, 939
22, 440
20, 497
18, 907
21, 204
22, 378
21,103
21,572
2,942
3,007
3,249
2,620
1,321
471
210
160
201
715
1,833
2,937
6,902
6,919
7,066
6,819
6,239
5,940
5,450
5,181
5,338
5,767
6,093
6,216
37, 831
35, 957
37, 537
37,136
35, 326
34, 044
31, 252
29, 288
31, 905
33, 683
33, 084
34, 247
28, 969
27, 040
28,318
28, 608
28, 230
27, 944
25, 816
24,108
26, 536
27,590
25, 953
26, 239
2,283
2,323
2,490
2,006
1,055
396
199
153
188
594
1,372
2,088
6,424
6 444
6,575
6,378
5,904
5,577
5,126
4 915
5,059
5,362
5,610
5,764
358, 876
263, 021
19, 666
73, 929
411,289
325, 350
15,148
69,138
29, 906
21,918
1,639
6,161
34, 274
27,113
1,262
5,762
31, 359
29, 872
30, 020
29, 472
28, 689
27, 378
24,810
24, 407
26, 200
28, 214
29, 382
31, 054
21,890
20, 495
20, 914
20, 912
21, 098
20, 584
18, 449
18, 030
19,882
21,017
20, 254
20, 577
3,094
3,074
2,955
2,320
1,293
437
206
176
244
836
2,484
3,659
6,166
6,109
5,943
6,068
6,142
6,216
6,023
6,067
5,930
6,179
6,443
6,636
34, 478
32, 957
33, 070
32, 592
32,165
31, 200
28, 429
27, 764
30, 046
31, 705
31,961
32, 936
26, 477
25, 041
25, 354
25, 393
25, 698
25, 461
23,117
22, 487
24, 688
25, 716
24, 709
24, 877
2,178
2,175
2,083
1,681
957
358
185
162
217
621
1,644
2,346
5, 677
5,601
5,480
5, 386
5,367
5,271
5,027
5,016
5, 028
5,241
5,476
5,577
340, 855
28, 405
244,101
20, 779
1,732
73, 922
379, 303
31,609
299, 017
24, 918
14, 608
64,146
1,217
5,345
:
1933
January
February
March
A pril
May
June
.
July
August
September
October
November
December
-
9,819
9,804
9,789
9,797
9,744
9,825
9,809
9,819
9,866
9,902
9,880
9,856
9,316
9, 299
9, 287
9, 295
9,246
9, 329
9, 321
9, 329
9, 372
9, 387
9, 355
9, 328
60
61
60
60
56
51
44
44
48
68
78
81
Total
JVTonthly average
117, 909
9,826
111,864
709
59
. .
.
.
9, 322
435 i
435 j
434 1
433
433 :
435
437 !
438
436 '
438 |
437 i
438 1
5,228
436
20, 342
6,160
NATURAL GAS
1931
102, 522
91,036
88, 587
85,089
70,153
59,600
53,147
51,248
54,747
60,907
71,072
84,208
51,926
43,202
40,381
35,975
27,436
17,811
10, 509
9,384
10, 824
14,450
24,841
37,553
50, 011
47,259
47,068
48,410
41,983
41,129
41,883
41,138
43, 064
45,617
45,464
45, 392
42,389
37,045
35, 552
33,086
27,463
22,069
18,413
17, 500
18,424
20,863
26, 291
33,330
30, 728
25,959
24,485
22,316
18, 265
13,671
10,137
9, 578
10,351
12,417
17,374
23, 822
11,543
10,936
10, 924
10, 671
9,116
8,325
8,205
7,824
7,983
8,356
8,756
9,389
3,435
872,316
324, 292
538, 418
332,425
219,102
112,029
286
72, 693
27,024
44, 868
27,702
18, 259
9,336
302
303
303
297
288 I
279 !
271 I
267
271
284
299
298
88, 417
85, 321
81, 984
73, 880
61,319
54, 967
47, 260
47, 449
50,420
56, 538
70,173
83,402
42, 265
41,372
39,123
33,307
23,385
16, 304
12, 674
11,455
12,444
17,112
26,000
37,739
45,311
43, 234
41, 813
39, 648
37,386
38,168
34,091
35, 466
37, 595
38, 476
43,139
44, 564
36, 825
35,869
34, 344
30, 240
24,204
19,946
16,976
16, 530
17, 565
20, 557
26,296
32, 633
26, 683
26, 016
24, 621
21,493
16, 529
12, 709
10, 528
9,927
10, 500
12,915
17,497
23,177
10,004
9,723
9,533
8,601
7,580
7,160
6, 381
6,531
6,996
7,513
8,649
9,298
3,460
801,130
66, 761
313,179
26, 098
478,891
39,908
311,983
25,999
212,593
17, 716
97,968
8,164
5,100
5,088
5,080
5,054
5,028
5,028
4,977
5,008
5,063
5,109
5,164
5,145
302
301
300
292
283
269
268
265
267
276
298
299
87, 455
84,732
76, 560
69,609
62,106
56, 453
52, 696
52,374
56,399
61, 679
74,393
80, 300
42, 777
39,014
35, 229
28,831
22, 480
15,283
11,228
10,296
11, 869
15,135
23,838
31, 406
43,905
45,001
40, 559
40,128
39,036
40,603
40,920
41, 432
43, 688
45,882
49,753
47, 761
36, 025
34,108
30,857
27,005
23,255
19,763
17,313
16,935
18,216
20,874
25,911
29,865
26, 616
24,726
22,374
18,991
15, 788
12, 223
9,861
9,337
10,288
12,296
16,434
20, 271
9,264
9,246
8,352
7,891
7,367
7,441
7,359
7,495
7,804
8,467
9,335
9,398
60,842
5,070
3,419
285
814, 755
67, 896
287, 386
23,949
518, 669
43, 222
300,127
25, 011
199,204
16,600
99,417
8,285
January.
February...
March
April
May
June...
July.
August
September,.
October
November..
December..
5,478
5,517
5,502
5,488
5,496
5,442
5,406
5,386
5,399
5,404
5,454
5,459
5,192
5,217
5, 203
5,189
5,197
5,154
5,124
5,109
5,123
5,128
5,170
5,167
Total
65,431
61, 972
Monthly average.
1932
January
February
March
April
May
June
July
August..
September
October
November
December
5,453
5,164
5,531
5,516
5,511
5,476
5,440
5,399
5,329
5,325
5,354
5,398
5,440
5,402
5,227
5,212
5,205
5,177
5,150
5,119
5,056
5,056
5,081
5,112
5,139
5,103
TotalMonthly average .
1933
January.
February...
March
April
May
June
July
August
September..
October
November..
December..
65,120
5,427
61, 637
5,136
5,404
5,390
5,381
5,347
5,312
5,299
5,247
5,274
5,331
5,387
5,463
5,445
Total
Monthly average.
64, 281
5,357
284
298 I
297 '
296
297
286
280
276
275
274
283
290
i Compiled by the American Gas Association. The data shown above represent a revision of the figures on pp. 19 and 20 of the M a y 1933 Survey for the years indicated.
They also revise data appearing in the monthly issues since that date.
There are 2 reasons for such revisions. The first applies to all of the data; that is, customers, sales, and revenue, and results from the fact that the monthly reports
cover only about 90 percent of the industry and are raised by the association each month to represent the entire industry on the basis of the percentage increase shown by
the sample. Annual reports received by the association cover approximately 98 percent of the industry but are not available until approximately 8 or 10 months after the
close of the year. When data become available from, these annual reports, it is the practice of the association to revise the monthly figures so that they will agree with the
annual totals. A further adjustment in cubic feet sales is necessary to allow for the changed heating content per cubic foot of gas sold in many localities during the period,
as, for example, when a company raises the B.t.u. value per cubic foot from 550 to 800, as has happened in some instances. For 1934 data see p. 39 of this issue.
21
SURVEY OF CURRENT BUSINESS
May 1934
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
1934
1931
1933
1932
Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. M a y Apr.
1931
1934
1933
1932
[Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. M a y Apr.
2
25
°° 21 14 29 22 15 30 23
!
14
* Computed normal = 100.
f Latest week is preliminary.
f Weekly average, 1928-30=100.
# Index revised. See Weekly supplement of June 1, 1933, for explanation.
23
30
29
Finance—Continued
Business activity:
87.5 87.9
72.2 69.0 66.8 68.1
Banking:
87.0 8
New York Times*#
Debits, outside N.Y.C.J- 19.9 77.9 67.7 53.9 50.5 46.7
Business Week#f
66.3 65.5 56.3 53.6 52. 56.8 57.4 79.4 79.5
Federal Reserve reportCommodity prices, wholeing member banks:§
sale:
Deposits:
Dept. of Labor, 1923=100:
87.1
Net demand
__ 120.2 119.5 118.9 91.4
Combined index (784)... 73.5 73.3 73.3 61.5 60.4 60.3 65.5 65.8
.17.3 117.1 116.9
123.1 122.6117.3
Farm products (67)... 59.1 59.7 60.5 46.4 44.6 44.5 48.8 49.7
Time
Food (122)
Loans, total
73.6 74.6 77.6 76.4 76.7
66.6 66.6 65.8 58.1 56.2 55.7 61.0 61.0
All others (595)
Interest rates:
79.2 78.8 78.! 66.2 65.5 65.6 71.0 71.1
24.2 24.2 24.2 30.3 30.3 31.5
Call loans!..
Fisher's index, 1926=100:
22.9 22.9 22.9 29.5 22 9 22.9
Combined index (120)... 73.1 73.2 73.4 58.6 57.1 56.8 61.8 61.8 73.1 74.0 !
Time loans!
Agricultural (30)
50.6 50.7 51.1 43.6 41.7 41.6 44.2 44.4 62.8 63.9 I
Money in circulation!... 110.1 110. 5 110. 6 .23.9 125. 3 127.1
Nonagricultural (90).. 79.1 79.2 79.1 60.9 59.9 59.5 65. 65.5 76.1 77.1 Production:
30.2 120.1 119.6 71.9 65.1 60.1
60.1 60.1 58.7 43.5 37.7 36.2 39.9 39.9 67.4 67.4 !
Copper, electrolytic!
Automobiles
61.
41.2 43.4 44.5 27.6 27.6 25.4 21.7 22. 4| 36.0 37.5 !
57.5 57.5 47.2 45.3 47.6
Cotton, middling, spot
Bituminous coali
68.0 71.8 71.9 76.1 76.1 |
Iron and steel, composite.. 84.0 84.0 84.0 68.1
Electric powerj
— .00.2 100. 4 98.9 85.7 85.9 84.6
38.3
37.5 26.7 25 9 24.0
27.7 30.8 36.7 15.5
13.7 31.1 30.6 1.5—_. j
Construction contracts %
Lumber
17. 6 116. 7 117.6 .14.4 86^2 92.8
Distribution: Carloadings.-. 63.5 61.5 iO.4| 55.9 51.8 52.0 57.8 58.7 80.i. 81 79.1 i Petroleum!
•2.4 69.
65.8 38.2 32.9 26.3
Employment: Detroit facSteel ingots!
!
i 83.5 Receipts, primary markets:
47.5 67.5
tory
..112. 7|
111.2; 50. 0!
Finance:
Cattle and calves
82.7 72.1 66.6 63.3 62.6
Failures, commercial
_; 64. 4| 65. l! 61. 7.-111.1 109. 8 107. 91164. 6 162. 9 130. 71150. 4
Hogs
65.1 61.3 79.6 66.9 60.0
39.2 63.5 58.5 55.4
Security prices:
Cotton
60.0 55.
43.8 53.9 50.6
Bond prices!
1106.1 106.0105.6: 84.9i 82.6 83.1 84. 5 84.9 106. 3 106. 6 i Wheat
21.3 26.8 24.
53.4 141.2 146.3 !
Stock prices!
| 94. 9 95. 7| 95. 4| 66. 3| 61. 2 57. 0 52.
62.2
93.4 100.9
92.3 91.5 113.1 113.9
125. 4 124. 7 163.4 162.3
95.1 95.8 120.0 121.1
60.6 36.4 36.4
46.6 55.3 45.7 46.6
.11. 112.1 95.9 95.7
40.8
46.2
87.3
28.5
04.6
31.6
40.3
46.3
88.2
28.5
108.9
30.3
99.
62.8
98.7
53.3
.18.8
61.8
96.3
61.8
.00.6
53.4
16.4
64.5
67.1 63.1 81.7 75.3
70.5 70.1 69.8 72.0
39.2 38.5 29.2 23.8
37.7
60.5
t Daily average.
§ 1934 indexes are based on reports from 91 cities; earlier data cover 101 cities.
WEEKLY BUSINESS STATISTICS
1934
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per l b .
Cotton, middling, spot, New York
dol. per l b .
Food index (Bradstreet's)
dol. per l b .
Iron and steel composite
.dol. per tonWheat, N o . 2 Hard Winter (K.C.)
..dol. per b u .
Banking:
FINANCE
Debits, New York City
.mills, of dol.
Debits, outside New York City
mills, of dol.
Federal Reserve banks:
Reserve bank credit, total
.mills, of dol.
Bills bought
..mills, of dol.
Bills discounted
mills, of dol.
U.S. Government securities
mills, of dol.
Federal Reserve reporting member banks:§
Deposits, net demand
mills, of dol.
Deposits, time
.mills, of dol.
Investments, total
mills, of dol.
U.S. Government securities
mills, of doL
Loans, total
mills, of dol.
On securities
mills, of dol.
All other
mills, of dol.
Interest rates, call loans
percent.
Interest rates, time loans
percentExchange rates:
French franc (daily av.)
cents.
Pound sterling (daily av.)
dollarsFailures, commercial
number.
Gold and money:
Gold price (daily av.)
dol. per ounce.
Money in circulation
mills, of dol.
Security markets:
Bond sales (N'.Y.S.E.)
thous. of dol. par valueBond prices, 40 corporate issues
dollars.
Stock sales (N.Y.S.E.)
thous. of shares.
Stock prices (N.Y. Times)
dols. per shareStock prices (421) (Standard Statistics)
1926=100.
Industrial (351)
1926 = 100
Public utilities (37)
1926 = 100.
Railroad (33)
1926 = 100.
PRODUCTION,
CONSTRUCTION,
AND
Production:
DISTRIBUTION
Automobiles (Cram's estimate)
number.
Bituminous coal (daily av.)
thous. of short tons.
Electric power
mills, of kw.-hr_
Petroleum
thous. of bbl.
Steel ingots (Dow-Jones estimate)...pet. of capacity.
Construction-contract awards (da. av.).__thous. of dol.
Distribution:
Freight-car loadings, total
cars.
Coal and coke
cars.
Forest products
cars.
Grain and products
carsLivestock
cars.
Merchandise, l.c.l
cars.
Ore
cars.
Miscellaneous
cars.
Receipts:
Cattle and calves
thousands.
Hogs
thousands.
Cotton into sight
thous. of bales.
Wheat at primary markets
thous. of bu.
Wool at Boston, total
thous. of lb.
1933
Apr. 28
Apr. 21
0.083
.112
2.11
34.77
.70
0.083
.118
2.11
34.77
.73
0.081
.121
2.10
34. 77
.80
3, 667
3,241
4, 366
3,611
2, 4S6
10
40
2,430
2,493
13
40
2,430
12, 272
4,477
9, 351
6, 282
8,120
3,516
4, 604
1.00
1.00
12, 200
4, 443
9,310
6,226
8,203
3, 580
4, 623
1.00
1.00
6. 650
5.14
262
6.622
5.16
265
1930
May 3
Apr. 22
Apr. 15
Apr. 30
Apr. 23
May 2
Apr. 25
0. 060 |
.075 •
1.75 |
28. 20
.66
0.052
.075
1.63
28.18
.f>3
0.050
.069
1.62
28.14
.58
0.055
. 059
1.69
29.70
.52
0.055
.061
1.72
29.58
.54
0.093
.098
2.24
31.49
.73
0.093
.102
2.28
31.51
.73
0.131
.166
2.87
34.28
.97
4, 247 ;
3,136 ,
3,125 ;
2,499 ;
2,375
2, 342 !
2, 415
2,166
3,117
2,887
3,648
3, 298
6, 502
4,333
6,326
4,680
9,077
5,487
2,492 i
17 |
43 i
2, 432 I
2,412 !
177 j
385 i
1, S37 ;
2, 400
208 !
414 !
1,837 !
2,528
247
428
1,837
1,785
46
532
1, 191
1, 700
49
565
1,078
936
170
155
598
911
152
135
599
1,006
210
233
530
9,964
4,334
7,629
4, 585
8,245
3,584
4,661
1.30
100
10, 370
4, 597
6, 551
3, 620
10, 319
4,518
5, 801
2.50
2.04
10, 283
4, 569
6, 545
3, 607
10, 402
4,553
5,849
2.50
2.42
1.50
2.00
1.50
2.04
3.80
4.25
Apr. 14 I Apr. 29
I
!
!
!
1931
1932
i
!
|
!
!
i
12,136
10,393 I
4, 424
4, 352 I
9,301
7,669 I
6, 234
4,635
8, 310
8,341
3,612
3,638
4, 693
4,703
1. 00 |
1.29
1.00 I
1.00
6.599 ;
5.16 j
251 |
10,102 !
4,343
7,631
4, 584
8,210
3, 583
4,627
1.25
1.00
4. 360 :
3.81 I
452 '
4.173 j
3. 88 I
447 !
3. 962
3.44
439
3. 939
3.66
670
3. 943
3.76
663
3. 909
4.86
532
3.910
4.86
612
3.924
4.86
472
23. 05 |
6,015 •
22. 02 |
6, 085
20.90
6,172
20.67
5,428
20. 67
5,442
20.67
4,655
20. 67
4, 645
20.67
4, 502
50, 500
74. 42
6,561
55.40
44.8
45.2
63.0
24.9
45,431
75. 69
5,082
51. 17
44.2
41.8
74.9
22.6
55, 424
76. 08
5, 360
51. 88
42.7
40.4
71.4
22.4
58,140
95. 19
17,143
137.13
103. 1
93.9
163.3
82.7
48, 282
95. 48
142. 12
99.5
90.4
156.8
82.0
69, 485
94. 94
30,320
226. 32
107.1
157. 0
243.2
134. 6
45, 892
811
1,410
1,934 !
20
2,200
31,121
786
1,455
2,178
24
4,998
30, 762
789
1,470
2, 268
23
4,910
76,160
73,498
1,052
1, 676
2,424
49
101, 232
1,389
1, 698
2, 595
77
81, 200
94. 99
6,393
92. 13
79.4
87.9
76.9
48.9
35. 00
35.00 !
5,364 j 5,370
|
91,900
90,800
94. 53
94. 93
6, 820
7,892
92. 63
92. 94
79.9
80.1
88.8
88.7
75.4
77.4
50.0
49.4
99,336
1,053
1,669
2,450
p. 55
4, 444
91, 664
980
1,673
2,431
53
4,953
91, 224
980
1, 642
2,449
50
5,888
608, 654
121, 577
24, 963
26, 507
18, 443
165, 390
9,414
242, 360
589,453
106,055
23, 885
26, 286
18,671
165, 671
8,610
240, 275
578, 837
101, 740
24, 364
27, 216
14, 920
165, 707
6,356
238,534
538, 809
82, 034
18,958
41, 625
20, 394
162, 327
5,727
207, 746
496,512
77,199
17,122
34,854
16, 644
160,446
3,418
186,829
498,182
83, 668
16,960
33,969
15,140
160, 789
2,542
185,114
554,197
94,072
19,936
32, 765
19, 641
185,070
2,996
199, 717
562, 527
96,676
19, 806
31, 286
20, 297
185,142
4,946
204, 374
774, 742
129,682
33,807
36,925
23, 800
227,132
10,977
312,419
758,503
118,999
32, 621
37, 399
23,154
224,137
9,367
312,826
942, 674
159,024
57, 046
39,067
25,882
250,862
32, 396
378, 397
156
1,695
449
255
420
145
2,129
501
222
395
102
1,969
618
205
513
165
3, 485
668
195
431
152
4,286
2,585
193
384
144
4,027
2,616
209
455
102
2,996
221
194
452
100
4, 447
2,214
252
450
76
5,484
3,009
232
465
62
4,810
2,502
242
480
86
3,731
7,552
35.00
5,346
75,100
75.80
18, G59
64. 34
53.7
56.0
67.9
30.7
84, 500
74.05
22,146
59. 44
49.4
51.0
63. 1
26.9
54,883 j 49,653 j
804;
776 I
1, 428 ! 1,431 j
2,383 !
1,796 i
29 ;
25 !
2,481 I
2,182
1,070
1,644
2,475
47
12,919
14, 030
t Preliminary.
§ Statistics covered 91 cities since Jan. 10, 1933, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reporting.
Comparable figures not available prior to 1932.
22
SURVEY OF CURRENT BUSINESS
May 1934
Monthly Business Statistics
The following summary shows the trend of industrial, commercial, and financial statistics for the past 13
months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Later data will
be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
March
1934
1933
1934
March •
;
July August
! June
I
BUSINESS INDEXES
April
October JNo^-IDecem. January February
May
BUSINESS ACTIVITY (Annalist) f
Combined index
normal==100..
Automobile production
_ .normal = 100..
Boot and shoe production
normal=100..
Carloadings, freight
normal=100..
Cement production.
normal = 100._
Cotton consumption
normal = 100..
Electric power production
normal ==100..
Lumber production
normal =100..
Pig-iron production
normal = 100..
Silk consumption.
normal = 100..
Steel ingot production
. . .normal=100..
Wool consumption
normal ==100..
Zinc production
normal = 100..
INDUSTRIAL PRODUCTION (F.R.B.)
Total, unadjusted
1923-25=100..
Manufactures unadjusted
1923-25=100..
Automobiles
...1923-25=100..
Cement
1923-25=100..
Food products
1923-25 = 100..
Glass, plate..
..1923-25=100..
Iron and steel..
1923-25 = 100..
Leather and shoes §
1923-25 = 100..
Lumber
..1923-25=100..
Paper and printing
..1923-25=100..
Petroleum refining
1923-25=100..
Rubber tires and tubes
1923-25=100..
Shipbuilding
1923-25=100..
Textiles
1923-25 = 100..
Tobacco manufactures
1923-25 = 100..
Minerals, unadjusted
1923-25=100..
Anthracite
1923-25 = 100..
Bituminous coal
1923-25 = 100..
Iron ore shipments
1923-25 = 100..
Lead
1923-25=100..
Petroleum, crude
1923-25 = 100..
Silver
1923-25 = 100..
Zinc
...1923-25 = 100..
Total, adjusted
1923-25 = 100..
Manufactures, adjusted
_. 1923-25=100..
Automobiles
1923-25 = 100..
Cement
1923-25 = 100..
Food products
..1923-25=100..
Glass, plate....
1923-25=100..
Iron and steel.
1923-25 = 100..
Leather and shoes §
1923-25 = 100..
Lumber
1923-25 = 100..
Paper and printing
...1923-25 = 100..
Petroleum refining
1923-25=100..
Rubber tires and tubes
1923-25 = 100..
Shipbuilding
1923-25 = 100..
Textiles
1923-25=100..
Tobacco manufactures
1923-25 = 100..
Minerals, adjusted
.1923-25 = 100..
Anthracite
.1923-25 = 100..
Bituminous coal..
1923-25=100..
Iron ore shipments
1923-25=100..
Lead
1923-25 = 100 .
Petroleum, crude
1923-25 = 100..
Silver
.
1923-25 = 100..
Zinc
1923-25 = 100..
78.1
79.0
95.6
69.0
51.4
89. 9
93. 1
60.6
50.9
69.6
60.1
77.4
62.1
*> 86
97
42
82
115
39
102
58
v 121
52
80
106
67
38
v 100
94
119
100
109
83
57
* 122
47
68
58.5
27.0
94.6
51.4
36.0
81.1
80.0
35.2
16.8
64.0
19.5
52.4
39.9
60
58
33
29
82
59
25
87
23
*>84
135
45
112
78
94
74
63
51
46
120
48
46
56
27
40
84 !'
54
22
84 ;
22 j
135 i
41 !
144
76 !
99 i
81 ,
77
51 I
45
122
44
44 !
64.1 i
40.9
104. 6 !
55.2
34.8
83.8 !
84.0 !
38.8 i
19.5 |
83.6 !
33.1;
68.8 !
42.5
67
68;
57 ;
34 i
94 j
61 i
39
91
26
140 !
76 '
31
88 (
107
65
45
46
45
108
36
47
66
66
44
35
101
55
35
93
24
r-85
140
65
32
85
116
72
44
55
45
108
36
45
72.5
47.9
128.2
57.0
40.2
112.3
87.4
47.1
27.8
91.4
47.9
114.6
42.2
80
80 i
64 i
50 '
98 !
96 :
53 '
101 !
32
*>94
147
118
31
108
145
76
43
50
21
36
136
29
46
78
78
51
42
99
88
49
110
30
P 92
147
94
25
108
143
78
43
57
14
37
134
30
45
83.4
63.6
135.2
61.4
49.2
140.3
93.0
59.5
43.1
105.4
69.3
146.5
51.2
91
93 i
75 :
64
99 !
120 |
72 !
110 j
40 !
*>102 I
153 i
139 |
20 |
126 I
147 I
82
57 I
57 !
30 !
42 !
137 j
23 !
53 |
92 i
93 !
66 ;
51 I
ioo;
118 !
72 |
114 |
38
p 101
154
115
16
133
135
84
65
64
15
41
134
24
55
89.5
67.8
133.0
66.2
56.2
138.3
96.9
71.1
64.4
85.2
92.7
144.0
66.4
83.6
64.6
116.0
62.3
47.5
121.3
94.6
72.5
64.9
71.3
75.9
120.3
70.1
76.5
60.7
98.7
60.6
34.4
97.6
92.7
56.7
54.7
52.0
62.9
105.2
70.9
72.4
51.3
101.2
59.0
31.5
90.4
89.3
52.6
45.0
49.6
54.9
102.4
71.1
68.5
29.9
95.4
59.4
33.9
83.8
88.4
48.3
37.2
59.2
41.9
92.3
65.7
96
90
85
78
77
41
40
86
73
59
102
34
72
70
20
38
97
73
67 j
68
65 i
97
88 I
148
137 I
93
79
114
113 !
45
49 !
P!02
*>103
154
153
140
110
28
22
121
»108
126
131
89
94
55
61
74
69
81
117
34
35
135
136
28
29
71
661 s
91
100
91
91
101
61
70
50
56
95
100
95
150 !
135
100 j
80
116 !
102
46
46 !
v 111 !
106
155 i
153
143
111
15
19 i
130 i P 1 1 4
117 |
123
90 j
91
67 j
61
76 i
75
40 i
57
36 |
36
134
132 !
34 !!
28
77
71
84
62
46
99
113
65
106
37
v 105
157
98
20
*99
128
93 I
131
54
129
37
73
84
84
56
37
105
.05
112
66
92
36
104
157
103
20
j
I
S
|
J>99 !
115
87 I
74
65
68
57
125
39
77
,
!
•
:
97 S
P102
152
79
28
146
73
36
J>94
P93
116
88
71
67
108
66
97
84
75
72
19
74
115
36
72
72
71
32
39
92
55
47
92
30
*>95
145
97
41
122 •
33 j
75 j
76 !
46
35 ;
85 !
73 ;
61 i
93;
33 1
»99 i
152 !
90 !
39 i
J>91 i
108 !
81 i
55 I
61 i
63 j
64
120
33
77
!
i
'
i
69
67
27
28
89
83
53
81
29
*92
138
75
32
v 74
99
80
67
69
54.5
42.7
60.6
48.8
73.9
62.1
j
!
|
;
!
j
!
I
|
i
!
;
68 j
115
32
73
47
36
86
111
61
94
32
r97
137
108
41
p 78
123
85
68
66
P89
95
81
73
65
23
71
116
33
72
INDUSTRIAL CONSUMPTION OF
ELECTRICAL ENERGY
Consumption b y geographic sections:
Total, United S t a t e s —
1923-25= 100Middle A t l a n t i c .
1923-25== 100..
New England
1923-25 == 100N o r t h Central
1923-25= 100..
Southern.
1923-25= 100 .
Western
1923-25= 100..
Consumption b y industries:
T o t a l , all industries
1923-25= 100..
Automobiles, including parts a n d aceessories--.1923-25 100..
Chemicals a n d allied products
1923-25 = 100..
Food products
1923-25 100Leather a n d products
1923-25 100L u m b e r and products
1923-25 100-
51.9
42.1
51.5
54.3
78.9
60.5
53 '
44 j
77 ;
I
j
!
73. 1
69.7
58.7
41.6
93.0 I « 101. 7
65. 2
62.2 '
34.8 |
46. 2
68.5 '
88 8
90.0
«89 5
67
119 I
29 i
67 !
« 77.0
72.2
» 119.3
67.4
55.8
89.2
°93.1
49.5
45.8
66.6
o 55. 7
75.8
61.5
77
76
48
30
102
88
54
89
30
?96
142
90
18
83
82
78
37
90
106
67
v 107
28
102
144
131
85
89
74
120
88
95
78
65
M15 !
37
70
78
77
,58
49
96
99
56
v 100
34
»99
142
97
26
87
138
88
82
67
66
p 116
39
71
81
80
73
61
91
98
64
P 105
29
*99
144
121
30
v y]
132
91
89
74
64
118
36
66
64
120
37
I
101.3
105. 0
98.3
100.2
105. 1
111.0
75.3
80.8
70.2
67.8
85.9
95.8
101.3
75.3
91.0
141. 0
102.0
100.0
97.1
42.6
115.6
101.5
81.4
84.7
84.4
86.3
73.8
79.8
99.8
103.2
84.4 |
54.8 I
j
121.0 i
119.7 I
82.5 |
89.5 !
92.9
97.3
85.7
89.1
103.9
107.0
104.5
108.8
104.7
97.8
121.3
111.6
92.9 ! 104.5 I
58.9 i
127.1
126.2
93.5 I
91.3
65.5
135.7
136.0
100.2
98.3
112.9
119.3
110.1
107.8
125.7
118.3
i
|
I
I
112.9 !
66.6
152.0
149.8
102.7
102.0
106.2
114.4
108.1
101.5
114.8
111.7
107.7
116.4
110.4
104.1
121.3
112.8
102.0
113.7
105.0
96.7
112.0
113.3
!
!
I
I
|
101.8
112.0
104.0
94.1
113.3
116.9
!
!
'
!
I
96.0
104.3
95.3
91.3
107.5
115.3
"97. 7
101.8
97.8
95.5
103.9
118.2
' 112. 0
* 117.8
» 110.2
' 109. 8
* 120. 4
* 126. 3
<> 97. 7
* 112. 0
106.2 107.7
102.0 |
101.8 I "96.0
61.8
52.1 I
49.3 !
°61.4
"78.9
160.0 |
120.3 !
91.2
100.6 I
161.3 I
125.0 i
89.3 !
104. 6 i
162.1
107.3
85.5
97.8
147.5
106.0
89.7
102.9
63.7
152.5
133.3
101.2
99.7
159.6
137.0
92.4
100.3 I
95.5
*
*
»
»
162. 8
117. 5
124.3
112. 0
« Revised,
t Revised series. For earlier data see p. 19 of the October 1933 issue.
§ Series revised, For earlier data see p. 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances
by a slight amount.
p Preliminary.
23
SURVEY OF CURRENT BUSINESS
Mav 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
1933
March j April
May
June
July
1934
August
October
ber
February
Decem- January
ber
ber
BUSINESS INDEXES—Continued
INDUSTRIAL CONSUMPTION OF
ELECTRICAL ENERGY—Continued
Consumption by industries—Continued.
Metals, group.
1923-25=100.
Electrical apparatus
.1923-25=100.
Metal-working plants
1923-25=100.
Rolling mills and steel plants
1923-25=100.
Paper and pulp...
1923-25=100.
Rubber and products
..1923-25=100.
Shipbuilding
_
1923-25=100.
Stone, clay, and glass..
__ 1923-25=100.
Textiles. ._
1923-25=100.
86.2
99.0
81.8
50.5
75.0
50.5
58.0
89.4
55.3
65.5
104.1
63.7
75.3
106.9
72.6
85.3
114.0
79.6
80.7
108.4
76.4
83.8
115.2
80.6
80.7
111.7
79.0
71.0
107.0
78.0
75.7
99.4
77.5
76.2
97.1
« 89. 3
108.2
88.6
83.6
118.3
138.2
84.3
80.7
104.3
50.5
95.2
68.0
71.5
68.8
79.0
62.3
102.3
82.0
73.0
74.5
86.0
68.8
112.0
124.5
71.3
90.0
96.4
126.5
146.4
75.7
102.0
118.2
95.0
130.2
157.0
75.7
113.5
121.3
88.3
130.0
143.5
80.0
105.1
110.3
89.3
139.5
131.0
83.5
100.4
109.2
83.5
134.2
113.8
83.5
85.8
107.4
75.6
127.4
115.6
86.7
91.5
108.5
77.0
120.0
108.2
89.3
72.2
94.6
77.8
119.8
128.6
91.0
74.3
99.5
« 88. 9
' 130. 3
1
140. 2
107. 6
a
88.7
' 119.2
91
95
130
73
84
534
87
62
73
131
51
65
30
63
135
85
100
126
92
76
344
69
69
72
76
49
118
111
109
124
126
87
102
87
105
92
96
82
120
84
119
81
85
98
75
122 !
113 i
91
102
144
79
108
399
81
62
65
100
103
66
27
60
135
111
30
63
125
34
55
101
133
97
112
79
101
87
82
201 !
90
77
155
79
159
90
171
84
206 |
134
101
107
109
94
104
81
185
84
74
154
105
159
87
189
84
183
140
104
109
121
100
101
82
167
74
77
153
123
167
85
216
92
175
142 !
108 i
112 I
126 !
109
99
81
154 I
82
80
167
123
167
89
213
103
174
153
109
120
119
110
100
82
153
73
86
163
151
185
104
216
112
215
269
343
255
326
217
344
171
201
267
340
247
353
242
317
164
192
219
266
344
245
357
216
308
159 !
183 !
232 i
262
330
253
341
221
294
151
161
233
256
327
242
346
233
274
148
145
233
76.9
70.0
73.0
84.3
63.2
91.8
MARKETINGS
Agricultural products*
Animal products
Dairy products
Livestock
Poultry and eggs
Wool
Crops
Cotton
Fruits
Grains
Vegetables
Forest products
Distilled wood
Lumber
Naval stores
Pulpwood
1923-25=100.
1923-25=100.
1923-25=100.
1923-25=100.
1923-25=100.
1923-25 = 100.
.1923-25=100.
.1923-25=100.
1923-25=100.
.1923-25=100.
1923-25=100.
1923-25=100.
1923-25=100.
1923-25=100.
1923-25=100.
.1923-25=100.
67
80
100
67
111
24
55
50
71
37
104
Domestic stocks
1923-25=100.
Manufactured goods
1923-25=100.
Chemicals and allied prod.__ 1923-25=100.
Food products
1923-25=100.
Forest products
1923-25=100.
Iron and steel products
1923-25=100.
Leather
1923-25=100.
Metals, nonferrous...
...1923-25=100.
Paper, newsprint
..1923-25=100.
Rubber products
1923-25=100.
Stone, clay, and glass
1923-25=100.
Textiles...
1923-25=100.
Raw materials
..1923-25=100.
Chemicals and allied prod.__ 1923-25=100.
Foodstuffs
..1923-25=100Metals. _.
. . . 1923-25=100.
Textile materials
.1923-25=100World stocks—foodstuffs and raw materials:
Total
1923-25 = 100.
Coffee—adj. for seasonal
1923-25=100.
Cotton—adj. for seasonal
1923-25 = 100.
Rubber—adj. for seasonal
1923-25=100.
Silk—adj. for seasonal
1923-25=100.
Sugar—adj. for seasonal
1923-25=100.
Tea—adj. for seasonal
1923-25=100.
Tin—unadjusted
1923-25 = 100.
Wheat—adj. for seasonal
1923-25=100.
148
108
117
83
116
99
80
162
71
116
161
167
176
95
188
108
231
73 1
76
102
63
104
30
55
49
65
40
105
54
35
50
33
101
68
137
49
60
49
74
60
83
57
25
53
!
j
i
|
!
!
92
103
131
79
153
131
81
60
111
90
86
63
27 i
57 I
167
126 i
194 I
92 I
79 I
89
209
77
56
71
60
72
84
68
81
36
47
38
57
43
78
113
a 42
76
|
j
!
'
112
66
45
65
79
STOCKS
209
347
98
139
97
123
69
103
85
81
206
88
80
164
81
169
99
163
82
240
261
375
231
330
217
326
158
209
208
j
I
!
|
!
i
!
j
!
j
I
!
|
!
I
!
!
1
!
!
;
133
95
119
69
101
82
83
207
81
76
159
81
161
93
160
78
225
362
236
331
225
348
167
204
208
|
I
!
|
I
|
208 I
I
|
j
i
|
!
!
i
!
I
167
109
117
105
113
99
82
149
73
96
152
177
209
116
224
122
270
171
110
111
102
117
96
84
153 i
75 j
105 |
153 j
185 I
215 |
121;
218 I
124
294 I
248
343
225
338
228
278
148
134
219
^253
v o49
216
334
236
334
144
125
202
77.9
75.8
73.2
85.9
63.6
92.3
78.0
77.7
73.4
87.0
63.2
91.4
77.8
77.8
73.0
87.4
62.8
91.5
70
69
76
101
78
62
77
53
70
71
78
86
68
63
94
56
71
76
78
81
74
59
105
62
!
I
170
«110
113
a 102
117
94
82
159
71
99
152
192
213
120
213
124
295
P367
220
339
291
140
114
205
162
110
117
103 !
117 !
t\
167
os
107
151
»167 j
199
111 j
201 i
1
155
"111
»120
117
99
80
' 1<>2
84
"117
157
» 166
1S7
» 102
192
|
p 249
p 343
214
' 348
303 I
135 !
108 I
p 239
p 360
193
» 347
296
134
104
198
COMMODITY PRICES
COST OF LIVING (N.I.C.B.)
Total, all groups
Clothing
Food
Fuel and light
Housing
Sundries
1923=100..|
1923 = 100..
1923 = 100..
1923=100..
1923 = 100..
..1923=100..
_
78.5
77. 7
74.3
87. 1
63. 1
92.2
71.8 j
61.2 |
61.9 i
85.8 1
64.6 j
89. 4
71. 5
60.7
61.9
84.6
64.0
89.3
72.1
60.7
64.1
82.8
63.5
89.4 i
72.8
61.6
66.2
82.2
63.4
89.3
75.2
63.9
71.7
82.6
63.2
90.3
77.3 |
77.4 1
71.7
87.5
62.8
91.5
77.3
72.0
87. 1
02.7
91.9
78.3
77. 5
74.1
87. 1
(52. 8
92. 1
FARM PRICES (Dept. of Agri.) §
Total, all groups
Cotton and cottonseed
Dairy products *
Fruits and vegetables.—
Grains....
Meat animals-.Poultry products *
Unclassified
1909-14=100..
1909-14=100_.
1909-14=100..
1909-14=100..
....1909-14=100..
1909-14=100..
..1909-14=100..
1909-14=100..
76
84
71
103
94
66
67
51
62
65
63
68
62
65
62
47 i
76
94
79
108
78
65
58
7o
71
72
120
81
63
67
54
68
70 j
76
83
a
73
52
95
63
92 |
5f>
82
60
76
93
77
101
78
64
62
RETAIL PRICES
D e p a r t m e n t of Labor indexes:
Coal
Food#
160
166
168
155
167
167
168
167
107
105
108
105
107
107
107
104
1
* Revised.
* New series. Ses p. 18 of the March 1933 issue (marketings' and p. 20 of May 1933 issue (prices).
§ Data for Apr. 15: Total, 74, cotton and cottonseed 94, dairy products 76, fruits and vegetables 105, grains 77, meat animals 63, poultry products 70, unclassified 56.
# The data on retail prices of food until Aug. 15 were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly
figures here given subsequent to August 1933 represent the figure nearest to the 15th of the month.
p Preliminary.
1913 = 100..
1913=100..
168
109
170
91
164
90
155
94
152
97
24
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1 9 3 4
together with explanatory footnotes and references to the sources of the data, may be found March
in the 1932 Annual Supplement to the Survey
May 1934
1933
March I April I May I June
I July
1934
Decem- January|
October Novem-I
ber I ber
I August
COMMODITY PRICES—Continued
RETAIL PRICES—Continued
Fairchild's index:*
Combined index_
Dec. 1930•100.
Apparel:
Infants' wear
Dec. 1930=100..
Men's...
Dec. 1930=100..
Women's
Dec. 1930 = 100.
Home furnishings
Dec. 1930=100..
Piece goods
Dec. 1930=100
WHOLESALE PRICES
Department of Labor index:
Combined index (784)
1926=100..
Economic classes:
Finished products. _
_.. 1926=100..
Raw materials1926 = 100..
Semimanufactures
1926 = 100..
Farm products
1926=100._
Grains
.1926=100..
Livestock and poultry
1926=100..
Foods
__..
..1926=100..
Dairy products
1926 = 100..
Fruits and vegetables
1926=100..
Meats
1926 = 100..;
Other products
1926 = 100..
Building materials
1926=100..
Brick and tile
.1926 = 100..
Cement
1926=100..
Lumber
1926=100..
Chemicals and drugs
1926 = 100..
Chemicals
1926 = 100..
Drugs and Pharmaceuticals. 1926 = 100..
Fertilizer materials
1926 = 100..
Fuel and lighting
1926 = 100..
Electricity
1926 = 100..
Gas
1926=100..
Petroleum products
1926=100..
Hides and leather..
1926=100..
Boots and shoes
1926 = 100..
Hides and skins
1926 = 100..
Leather
1926 = 100..
House furnishing goods
1926 = 100..
Furniture
1926=100..
Furnishings
1926=100..
Metals and metal products... 1926=100._
Iron and steel
1926=100..
Metals, nonferrous..
-.1926 = 100..
Plumbing and heating equipment
.1926 = 100..
Textile products...
1926 = 100-.
Clothing
1926 = 100..
Cotton goods
1926 = 100..
Knit goods
_
1926 = 100..
Silk and rayon
1926=100..
Woolens and worsted
1926 = 100..
Miscellaneous
1926 = 100...
Auto tires and tubes
1926 = 100..
Paper and pulp
1926 = 100..
Other wholesale price indexes:
Bradstreet's (96)
1926 = 100..
Dun's (300)
1926 = 100..
World prices, foodstuffs and raw materials:*
Combined index
1923-25 = 100..
Coffee
1923-25 = 100 .!
Copper...
1923-25=100..
Cotton
_
1923-25 = 100
Rubber
1923-25 = 100 .
Silk
1923-25 = 100..
Sugar
1923-25=100 .
Tea
....1923-25 = 100..
Tin
1923-25 = 100..
Wheat..
1923-25=100..
Wholesale prices, actual. (See under respective commodities.)
PURCHASING POWER OF THE
DOLLAR*
Wholesale prices
..1923-25 = 100..
Retail food prices
1923-25 = 100..
Farm prices
1923-25 = 100._|
Cost of living
1923-25=100..
90.0
69.7
69.4
70.4
72.3
76.1
82.5
86.0
87.1
88.0
88.0
88.5
89.5
94.0
89.0
91.4
88.6
85.8
76.4
71.2
71.7
70.9
65.8
76.4
70.7
71.8
70.2
65.1
77.5
71.0
72.3
71.1
67.2
78.7
71.8
73.7
72.8
69.6
80.7
75.1
78.2
77.8
74.8
85.4
80.4
85.7
81.7
80.2
91.2
82.9
89.3
83.7
81.8
91.3
85.6
90.5
85.0
82.8
90.5
86.2
90.5
85.9
90.4
86.2
90.3
85.8
82.8
91.0
86.5
89.5
86.5
84.2
93.2
88.4
90.2
87.5
85.6
73.7
60.2
60.4
62.7
65.0
68.9
69.5
70.8
71.2
71.1
70.8
72.2
73.6
77.2
65.9
74.3
61.3
62.3
49.5
67.3
68. 9
71.6
56.5
78.5
86.4
88.5
93.9
86.4
75.7
79.0
71.9
69.5
71.4
65.7
49.4
56.9
42.8
36.0
43.0
54.6
50.9
54.3
50.5
65.8
70.3
74.9
81.8
57.8
71.2
79.3
54.8
61.9
62.9
100.5
96.6
33.1
68.1
83.2
41.4
55.6
72.2
71.8
72.9
77.2
76.4
47.9
65.7
50.0
57.3
44.5
44.8
41.0
56.1
53.1
57.8
50.3
65.3
70.2
75.0
81.8
57.9
71.4
79.5
54.6
62.9
61.5
98.3
97.5
32.5
69.4
83.2
45.8
57.2
71.5
71.5
71.7
76.9
75.7
49.2
67.2
53.7
61.3
50.2
52.8
46.8
59.4
58.8
58.8
52.3
66.5
71.4
75.2
81.8
59.6
73.2
80.9
55.0
66.8
60.4
94.6
103.3
31.2
76.9
83.6
67.3
68.3
71.7
71.6
72.0
77.7
75.2
56.6
69.0
56.2
65.3
53.2
57.4
46.6
61.2
63.1
63.9
52.4
68.9
74.7
77.0
81.8
67.4
73.7
81.5
55.5
68.0
61.5
91.4
101.7
34.4
82.4
85.5
81.4
74.3
73.4
73.4
73.6
79.3
76.2
63.2
72.2
61.8
69.1
60.1
73.4
47.4
65.5
66.1
75.6
50.8
72.2
79.5
78.2
88.2
75.9
73.2
80.3
56.8
68.6
65.3
89.4
100.2
41.3
86.3
88.3
88.7
78.0
74.8
74.6
75.1
80.8
77.7
67.6
73.4
60.6
71.7
57.6
64.6
45.9
64.8
65.7
71.1
51.0
74.1
81.3
81.5
90.3
79.4
73.1
79.6
57.6
69.0
65.5
88.8
99.5
40.9
91.7
96.1
91.5
82.5
77.6
76.8
78.6
81.2
78.6
68.2
74.8
61.7
72.9
57.0
63.9
46.7
64.9
65.8
66.8
51.5
76.1
82.7
82.6
90.8
82.0
72.7
78.8
56.8
66.6
70.4
90.4
101.5
49.6
92.3
98.9
84.1
85.4
79.3
78.4
80.5
82.1
80.3
68.5
75.4
61.8
72.8
55.7
58.2
45.4
64.2
66.0
62.5
51.0
77.2
83.9
84.6
91.2
84.2
72.7
78.6
56.8
67.6
73.6
92.3
100.5
52.7
89.0
98.9
71.2
83.2
81.2
79.8
82.8
83.0
82.4
67.0
75.2
62.4
71.4
56.6
61.3
41.2
64.3
67.2
61.7
48.2
77.2
84.9
84.7
91.2
86.5
73.4
79.2
58.4
67.8
73.5
93.8
94.6
51.6
88.2
99.0
70.1
79.3
81.0
79.4
82.8
82.7
81.5
68.0
74.8
61.9
72.3
55.5
60.4
38.0
62.5
65.1
63.0
46.0
77.5
85.6
85.7
91.2
88.0
73.7
79.2
59.0
68.1
73.4
94.0
92.2
51.6
89.2
98.6
74.9
80.1
81.0
79.3
82.9
83.5
83.6
66. 6
76.0
64.1
71.9
58.7
63.7
41.1
64.3 I
65.0
68.0
48.9 !
78.3 !
86.3
86.6
93.9
87.4
74.4
78.8
65.2
68.4
73.1
92.3
90.8
51.1
89.5
98.5
77.2
79.9
80.8
78.8
82.9
85.5
83.6
66.1
77.0
66.0
74.8
61.3
63.2
48.2
66.7
69.1
71.7
53.3
78.7
86.6
87.2
93.9
87.3
75.5
78.8
71.5
69.2
72.4
91.8
89.3
50.3
89.6
98.4
78.0
80.1
81.0
79.2
83.0
87.0
86. 3
65.8
72.7
76.5
87.2
89.1
05.6
29.4
84. 0
69. 3
44.6
59.4
51.3
61.3
50.0
47.1
25.5
53.2
58.9
41.3
72.2
59.4
51.8
61.4
50.7
47.2
26.3
53.3
57.8
37.4
70.0
61.3
55.9
61.9
57.9
48.0
29.1
61.5
58.9
37.6
70.7
67.4
61.5
64.5
67.1
50.9
35.2
68.8
60.8
40.1
73.5
69.4
68.0
70.6
80.2
55.2
37.9
72.3
64. 0
41.4
78.1 ;
70.3
74.6
74.4
93.5
69.4
34.6
78.9
65.4
43.2
81.0
74.7
76.9
81.1
91.3
74.8
34.5
82.7
65.1
43.2
82.2
74.7
77.1
84.8
88.8
74.7
32.0
84.5
65.3
43.2
82.4
73.7
76.8
88.0
86.0
72.5
30.4
84.4
65.5
43.2
82.5
72.5
76.4
87.9
85. 5
71. 2
29.6
84.3
65. 7
43.2
82. 5 j
72. 5 !
71.0
86.6
42.4
57.8
56.3
45. 2
25.7
19.6
27.7
76.3
106.9
42.6
50.6
68.0
51.1
70.8
62.1
74.2
64. 5
79.1
69.7 I
82.8
69.6
85.0
70.0
86.2
68.5
85.1
68.2
84.6
27.0
47.0
36.2
25.7
7.0
16.5
23.9
39.8
48.4
30.1
28.6
44.5
39.0
25.4
8.3
18.5
27.9
38.1
54.0
32.9
34.2
46.5
48.4
31.6
11.6
22.2
32.7
39.6
71.4
38.8
37.6
45.5
56.2
35.3
14.4
30.1
34.7
42.3
87.9
39.9
42.8 '
45.5
62.5
39.7
IS. 8
31.8
38.4
52.1
92.3
50.3
39.7
45.0
63.4
35.3
17.1
26.3
36.9
63.2
89.0
42.8
41.5
45.0
63.3
35.7
17.0
26.4
39.9
77.1
92.8
46.3
37.6
44.5
57.5
35.7
17.9
23.0
33.7
72.8
95.3
34.8
39.3
44.5
57.0
36.8
20.3
20.5
30.4
73.7
105. 6
43.4
6S.4
86.1
39.3
46. 5 i
57.0
37.5
20.8
19 8
30.2
75.2
105.2
41.6
43.2;
S3.0 I
j
69. 7 :
87.2 I
41.2 |
50.4 !
57. 0
41.5
21. 8
20^3
29. 9
78.4
103.2
44.1
72.7
76. 9
87.2
88. 6
67. 0
31.0
84. 3
68.5
43.5
S2.7
43.2
57.3
50. 3
45.2
24.5
21.7
33.2
78.2
102. 7
42.1
136. 6
138. 1
181.5
129.7
167.2
165.6
276.2
141.8
166.7
165.8
260.4
142.5
160.5
159.7
222.7
141.2
155.0
154.8
215. 5
139.9
146.2 !
142.9 I
181.5
135. 3
144.9
140.4
191.6
132.5
142.2
140.1
197. 2
130.7
141.4
139.7
197.2
130.5
141.6
140.4
194.6
130.9
142.2
144. 1
202.8
131.8
139 5
142.5
197.2
131.4
136.8
138.3
181.5
130. 0
I
4S.7
88. 7
98.5
73.4
79.7
81.4
79.8
83.2
87.1
86.3
66.3
in\
86.5 I
70.6
29.7
84. 3
67.5
71.7
87. 5
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F.R.B.:
21
24
19
•38
Total, unadjusted
1923-25=100..
-10
Residential
1923-25=100..
13
14
13
«44
14
Total, adjusted
..1923-25 = 100..
16
18
21
a 12
12
Residential
1923-25=100..
11
13
13
F. W. Dodge Corporation (37 States):
Total, all types:
7 729
5.507
7,677
9,186
8,229
6,332
9,409
8,186
7,596
7,476
7,927
6,303
7,254
Projects
number..
96,716
56, 573
Valuation
..thous. of doL. 478, 355
59, 959
77,172 102, 980 82, 693 105, 989 120, 249 145, 367 162,341 207, 210 186i 464
Nonresidential buildings:!
3,419
2,256
3,082
2,802
2,304
2,172
3, 189
3,152
2,777
2,387
2, 254
2,959
2,535
Projects
number..
5,470
4, 271
5,185
6,335
6,470
8,330
5,053
7, 673
5,000
4,972
Floor space
..thous. of sq. ft..
6,525
7,137
6,978
29, 015
50, 040 57,616
31,117
37,951
27, 645
Valuation
thous. of dol.J « 57, 338 26, 359 23, 807
31, 639 50, 774 40,122 32, 708
a
Revised.
* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: Fairchild's Index, p. 19, December 1932; World Prices,
p. 20, September 1932; Purchasing Power of the Dollar, p. 18, August 1933.
f Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.
SURVEY OF CURRENT BUSINESS
Mav 1931
Monthly statistics through December 1831, I 193-J
together with explanatory footnotes and refer- j
ences to the sources of the data, may be found j
in the 1932 Annual Supplement to the Survey I March
1931
1933
March j April
|
May
June
July
obruiry
| August.
CONSTRUCTION AND REAL ESTATE-—Continued
CONSTRUCTION CONTRACTS
AW ABDED—Continued
F. W. Dodge Corporation (37 States)—Con.
Public utilities: #
Projects
n umber..
Valuation
thous. of dol..
Public works: #
Projects
number-Valuation
thous. of dol..
Residential buildings:
Projects
number. _
Floor space
thous. of sq. ft..
Valuation
thous. of dol —
Engineering construction: ^
Total contracts awarded (E.N.R.)
thous. of doL.j
, 003
., 761
!, 962
I 070
150
2, 499
701
15,079
114
2, 390
176
5, 640
571
11,233
782
13,372
ie,4
5, 046
933
19, 392
160
4,132
157
19, 395
173
3, 425
910
14, 809
1 251
32, 003
1, 591
57, 324
!. 201
HIGHWAY CONSTRUCTION
I
Concrete pavement contract awards:
j
Total
thous. of sq. yd..|
Roads only
thous. of sq. yd..i
Highways:
I
Under construction (Federal Highway Act): j
Estimated total cost
thous. of doL.j
Federal-aid allotment
thous. of dol.J
Mileage, total
number._j
Initial
__.
number- .1
Stage (added improvement)
number-.
Mileage completed to date
number-.
Approved for construction (N.I.R.A.):*
Mileage
number-.
Public works funds alloted...thous. of doL.
Under construction (N.I.21.A.):*
Estimated total cost
thous. of dol_.
Public works funds alloted-—thous. of dol.. 21! )(i\)
Federal aid funds alloted
thous. of doL.
Mileage
.number-.
1,718
P5, 7-J
Q
A
3,198 j 4, 034
4.773 5,814
10, 021
19,144
?1Q
6,995 '
3. 161 !
101, ,11 ,
2,:/ri
106,677 i 141, ^,22
117,41c
7, 97',
(), Iw )
5,512
}, 1 /1
1,699 |
1,478 i
265,678
98,311
13,855
M28
4,228
105,645
!
12J 709
4 , i2(.
.1 117
o,lh7
I , ; <o
n:, 6';77
4,648 I 5, 147
72,778 | 74.731
34,962
32,893
1,063
2,305
I 92, 21")
! 85, 9v!
|
., Y,i
! .»,')!
liG,'.«
4,7J^
70,01"
l.U. 1 M
il'i r f ' i
VJ71
^k! >
CONSTRUCTION COSTS
j
Building costs --all types (American Appraisal •
Co ) *
1 )! >- KJO
B m l d i r u r c o f a t v — a l l t y p e s (A Gr)_
V) 5 io-i
B u i l d i n g c o ^ t s - ill t j p o s (! A It ) § I'M i I'-o
B u i l d i n g c o s t s f i c t o r j (A'hrthai')
V)\\-\\\,
172
\n. o
i7t;
MISCELLAM^OIS DATA
Construction—employment and wages:
Employment, Ohio. (Soe Employment.)
Wages, road building
(See Employment.)
Fire losses, United States
thous. of dol..
Ship construction. (See Trans. Equipment.)
Real estate:
Home Loan Bank, loans outstanding *
thous. of do]..
Market activity
each month 1926---100..
New financing. (See Finance.)
140
163
158.4
165
;
|
j
:
140 !
158 |
160.2 I
140
158
164.4
35,321 ! 27,826 j 24,339
141
161
163.4
168
i
I
!
L
148 1
162 I
165.5 I
..!.
150
165
167.0
151
16!)
21,579 ! 20,004 | 23,627 | 20,448 i 21,465 ! 22,45-1
22,60S j 30,540 ! 38.932
47,579! 53,745; 59,806 I 66,329 i 73,110
30,»;^i
41.7 i 41.1 j 4(>. 4 i 44.9 ; 41.5 j 47.4 I 42.2 | 45.^ •' 1 i
DOMESTIC TKADE
ADVERTISING
Radio broadcasting:
Cost of facilities,'total
thous.
Automotive
.thous.
Building materials.._
_..thous.
Clothing a n d d r y goods
thous.
Confectionery
thous.
D r u g s a n d toilet goods
thous.
Financial
tiious.
Foods
thous.
House furnishings
thous.
Machinery
thous.
P a i n t s a n d hardware
thous.
Petroleum products
thous.
Radios
thous.
Shoes and leather goods
thous.
Soaps a n d housekeepers' supplies
thous.
Sporting goods
...thous.
Stationery and p u b l i s h e r s - . . t h o u s .
Tobacco manufactures
thous.
Miscellaneous
.
thous.
Magazine advertising:
Cost, total
.
thous.
Automotive
thous.
Building materials
thous.
Clothing a n d dry goods
thous.
Confectionery
thous.
Drugs a n d toilet goods
-thous
Financial
thous.
of do!_
of doL
of doL
of dolcf doL.
of duL
of doL.
of dol..
of dol..
of dol...
of doL.
of doL,
of dol..
of dol...
of dol..
of dol..
of dol...
of doL.
of dol -.
of dol..
of dol..
' Revised.
:
N e w sories. For earlier data on building costs,
First Homo Loan Bank datd w ;ra issue 1 for D,3ceirio
$ These series ropresent a breik-down of M19 eo >i
1 Months of March, June, August, and No vein b
§ Index for Apr. 1, 1934, 195.9.
54480—34
4
.V.)
•M
S0
0
12
o!
0
S, 5
2
281 '
36 i
0 :
3u:
44
0
0 ;
18 ;
239 ;
82
0 !
17
207 i
23 i
9, ii'2
• 961
?)
2,4_i
190
204 I
24
1
id
9,107
779
193
208
166
2, 029
177
1.,
24 >
22-')
i)
71
0 ;
8 !
241 !
7,636
677
108
203
208
],f>00
197
0
4
lt',2
;
i
;
!
1n
ISO
1,-1 0')
5,879
792
100
79
262
1,407
167
(J
11
0
lit*
10
0
11.7
!
!
;
;
;
6,388
1:
!
9, 1 i-i
7>M) :
120 i
191
275 ';
1,458
153
in \ p p r a i s a l Co., refer to p . 20 of t h e A u g u s t 1933 issue.
f
1
49'»
r.
43
of dol...
of dol-.
of dol..
of doL.
of dol...
,816 ;
128
0 i
9
38
47.)
79
:\ 005
Uo
2, 466
126
0
52
103 !
598
N . I R . A . hiirh»\.-.y \.-f .-k ««J
A >. lown in t h e S u r v e y previous t o S e p t e m b e r 1933. F o r narli'T d r i r r \ seo ">. 20 of
i * < .ircu 1034 iQcIiKlo 5 weeks, othor m o n t h s i n c l u d e 4 weeks.
A\.VA
1 1
26
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1934
March
May 1034
1934
1933
March
April
DOMESTIC
May-
June
July
Decem- January FebruOctober NovemAugust September
ber
ber
ary
TRADE—Continued
ADVERTISING—Continued
Magazine advertising—Continued.
1
Cost, total—Continued.
1,941
« 2,072
1,836
1,515
1,343
1,018
1,155
1,685
1,958
1,777
1,173
1,785
Foods
thous. of dol._ 1,916
58
23
15
72
° 62
7
59
10
5
10
Garden
.
thous. of dol—
8
50
76
535
391
643
454
200
129
270
663
594
367
« 518
229
348
House furnishings
thous. of dol—
72
«49
73
33
26
127
160
176
26
47
36
34
119
Jewelry and silverware
thous, of doL.
27
33
33
24
14
23
24
14
25
29
29
23
32
Machinery.....
thous. of dol—
91
37
34
23
35
25
13
18
76
70
83
110
83
Office equipment
thous. of dol _
<* 99
76
79
2
82
91
97
117
Paints and hardware...
thous. of dol—
38
32
53
45
17
145
179
"215
326
268
236
320
202
168
190
225
167
119
Petroleum products
thous. of dol—
115
63
61
39
47
58
101
85
103
273
238
235
65
Radios
thous. of dol—
101
129
128
121
116
105
84
» 114
136
124
115
143
110
Schools
thous. of dol—
62
69
159
201
154
85
13
58
140
134
106
54
39
Shoes and leather goods
thous. of dol—
Soaps and housekeepers' supplies
576
639
«698
750
668
518
440
517
645
582
371
336
583
thous. of doL.
72
48
136
178
142
81
102
°77
131
46
76
93
55
Sporting goods
thous. of doL.
121
111
116
100
95
237
202
Stationery and books.
.thous. of doL.
187
« 130
325
123
166
161
457
383
385
364
453
370
421
449
•
384
326
399
337
439
Tobacco manufactures
thous. of dol—
343
266
388
345
130
131
220
291
«297
233
246
284
283
Travel and amusement
-thous. of dol—
414
199
"186
197
168
147
127
178
228
218
224
312
319
Miscellaneous
..thous. of dol—
1,630
1,732
1,544
1,729
1,272
1,184
1,407
1,870
1,899
1,791
2,013
1,375
1, 765
Lineage total t
thous of lines
Newspaper advertising:
62,184
49, 884
61, 258
49,364
70, 271
60,118
53,710
62,327
63, 962
55, 462
Lineage, total (22 cities)
thous. of lines..
66, 357
94,649
93,168
78,319
91,053
86,339
92, 618 105,970
96, 716
99, 823
82, 455
Lineage, total (52 cities)
thous. of lines.. ~103~648~ 76, 364
80, 788
Classified
thous. of lines.. 16,577
14,810
17,000
17,019
16,345
16,064
18,158
17, 287
19, 467
16, 199
15, 548
15, 045
13, 661
61, 554
74,053
77, 630
76,823
62,255
68,181
75, 331
86, 503
83, 624
81,168
67,409
67,126
Display
thous. of lines.. 87, 071
2, 503
4, 685
7,021
7,991
6,139
6,797
5,408
4,683
5,565
3,936
5, 931
4, 358
Automotive
thous. of lines. _ 6,179
1,722
1,951
1, 528
1,392
1,497
2,010
2,396
1,506
Financial
_
thous. of lines._
1,511
1,259
1,500
2,159
1, 643
13,869
16,133
19, 384
16,448
15, 289
14,272
15,198
16,337
20,071
12, 275
13,977
General
thous. of lines
18, 769
16, 745
43, 230
52,947
50, 663
39,448
44, 794
60, 252
52, 569
52,326
63,451
45, 343
Retail
thous. of lines.. 59,498
57, 791
44, 381
COLLECTIONS
Delinquent accounts, electrical trade:
(2)
(2)
(2)
(2)
(^)
31,165
35, 530
34, 668
31,411
21,754
19, 718
21,979
26,497
Amount
—dollars._
(2)
(2)
(2)
520
651
474
340
379
448
625
Firms
—
number..
(2)
370
FINANCIAL INDICATORS
Bank debits. (See Finance.)
Business failures. (See Finance.)
Commercial loans. (See Finance.)
Money in circulation. (See Finance.)
GOODS IN WAREHOUSES
Space occupied, public merchandising warea
60.2
60.4
60.5
61.9
62.3
62.7
64.2
65.2
67. 6
67.2
63.5
67.4
houses
. - - - percent of total. _
NEW INCORPORATIONS
2,674
3,373
2,933
Business incorporations (4 States)
number..
2,507
2,402
2,392
2,304
2, 384
2,864
2,665
3,839
2,106
2, 525
POSTAL BUSINESS
586,822 568, 740 612, 653 643,449 644,172 690,177 643, 621 665, 458 631, 748 657,203
Air mail, weight dispatched
pounds..
Money orders:
Domestic, issued (50 cities):
3,936
3, 261
3, 417
3,240
3,081
3,078
3, 338
3,611
3,057
3, 250
3,419
4,013
Number
thousands.. 3,822
35, 399
33,129
30,957
30,894
34, 551
59, 711
35,866
33,146
32, 232
30,959
31, 743
35, 487
Value
thous. of del— 36,183
Domestic, paid (50 cities):
11,999
10, 445
9, 622
9,737
10, 027
8,863
9,598
9,426
11,106
11,173
11,282
10, 056
12,118
Number
thousands
Value
. thous. of dol
94,176 136,196
88, 465
88,721
81,759
94,163
87, 281
89, 761
79,192
87,571 102, 877
98, 630
98)551
2, 261
2, 630
2,330
2,072
Foreign, issued—value
thous. of dol..
2,832
2,109
1,998
2, 279
2,006
2,030
2,619
5^ .110
Receipts, postal:
24, 422
24,393
24, 988
50 selected cities
thous. of dol—
23,810
2, 703
2,646
2, 701
50 industrial cities
thous. of dol_.
2,678
i
RETAIL TRADE {
Chain store sales:
Chain Store Age index:*
Combined index (19 companies)!
88
78
82
86
84
a gg
84
85
85
83
88
av. same month 1929-31 = 100..
75
78
Apparel index (3 companies)!
100
84
81
79
91
84
88
90
82
88
av. same month 1929-31 = 100,.
63
79
° 93
Grocery (6 companies)
74
76
74
79
80
83
81
81
80
80
79
79
83
av. same month 1929-31 = 100-Five-and-ten (variety) stores:#
i
155
129 I
126
125
123
129
141
115
137
136
253
116
Total, 8 chains, unadjusted._ 1923-25 = 100..
no
101
121
140 !
130
137
142
139
132
150
154
135
151
130
Total, 8 chains, adjusted
1923-25=100H. L. Green Co., Inc :*
1,782
1 525
1, 857
2,082
1, 619
1,994
4,071
Sales
thous. of dol.
2,106
133
Stores operated
number.. ,
135
132
' 134
135
134
135
135
133
S. S. Kresge Co.:
!
12,321
8,492
9,941
10, 305
Sales
thous. of dol—
10, 228
9, 407
9,921
8,825
8,797
19, 732
10, 635
10, 848
10, 465
723
717
720
716
718
719
719
721
721
722
720
720
Stores operated
number
S. H. Kress & Co.:
I
4,087
4,978
4, 766
4,830
5,107
5,083
4,929
5,417
5,771
11,441
5,406
5, 586
Sales
thous. of dol— 6.331
2oO
231
231
231
231
231
231
231
231
230
230
230
230
Stores operated
number
McCrory Stores Corp.:
2,383
2,721
2,361
2,551
2, 546
2,619
2,867
2, 837
5, 664
2,492
2,497
2,800
Sales
thous. of dol
' 204
Stores operated
number. _
240
237
226
230
227
225
209
209
205
210
' 209
' 209
G. C. Murphy Co.:
2, 246
1,314
Sales
_ -thous. of dol
1, 629
1,661
1,808
1,804
1,803
1,555
1,912
3, 591
1, 584
1,994
1, 976
180
178
Stores operated
number..
178
179
178
179
180
179
180
179
179
'l79
*180
° Revised.
* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July
1933 not available.
t Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Magazine advertising, p. 20, October 1933; combined sales index and
apparel sales index of Chain Store Age, p. 26, October 1933.
# A new variety chain store index was presented on p. 17 of the March 1934 issue. In continuation of these series the indexes for February 1934 were: Adjusted 87.5,
unadjusted 73.0, for March 1934, adjusted 95.1. unadjusted 87.5.
t Index of new passenger-car sales in continuation of series on p. 19 of April 1934 issue: January revised, adjusted 33.3, unadjusted 22.8; February revised, adjusted
54.4, 2unadjusted 45.7; March, adjusted, 65.0; unadjusted. 68.9.
Discontinued.
U
27
SURVEY OF CURRENT BUSINESS
May 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
1934
1933
March
April
May
June
July
Decem- January
August SeptemOctober November
ber
ber
February
D O M E S T I C TRADE—Continued
RETAIL TRADE—Continued
Chain-stores— Continued.
Five-and-ten (variety) stores—Continued.
F. W. Woolworth Co.:
24, 035 '17,510
Sales
thous. of dol.
20,159
1, 940
1,929
1,929
Stores operated
number.
Grocery chains:
A. & P. Tea Co.:
Sales, value total
thous. of dol. 81, 292 74,981 61,056
16, 258
15, 264
14,996
Weekly average
thous. of dol_
Sales, tonnage, total
tons. 477, 825 495,192 405, 660
95,
565
99,038 101,415
Weekly average
tons.
Restaurant chains:
Total sales, 3 chains:
3,290
3,201
Sales
thous. of dol.
382
381
Stores operated
number.
Childs Co.:
1,311
1,320
Sales
thous. of dol.
105
105
Stores operated..number..
J. R. Thompson Co.:
875
826
Sales
-thous. of doL.
116
Stores operated..
number.
116
Waldorf System (Inc.):
1,104
1,055
Sales
thous. of doL
161
160
Stores operated..
number.
Other chains:
W. T. Grant <fc Co.:
6,774
5,137
° 6, 267
Sales
thous. of doL
451
451
457
Stores operated
.number.
J. C Penney Co.:
16,497
14, 592
10,234
Sales
thous. of doL
1,478
Stores operated..
number1,478
Department stores:
78
57
67
Sales, total value, adjusted
1923-25=100.
74
50
68
Sales, total value, unadjusted-1923-25=100.
83
49
59
Atlanta
1923-25=100.
72
51
64
Boston
._.
1923-25=100.
77
50
63
Chicago
1923-25 = 100.
71
42
64
Cleveland
1923-25=100.
84
53
62
Dallas
1923-25 = 100.
75
53
62
Kansas City...
1923-25=100.
73
56
66
Minneapolis
1923-25=100.
85
65
78
New York. . 1923-25 =100.
69
49
60
Philadelphia*
1923-25=100..
92
61
78
Richmoud
...1923-25=100..
70
47
60
St. Louis
1923-25=100.
82
59
68
San Francisco
1923-25=100..
Installment sales, New England dept. stores,
6.6
6.3
5.3
ratio to total sales
..percent..
Stocks, value, end of month:
55
55
Unadjusted
1923-25=100..
64
54
53
Adjusted
1923-25=100..
Mail-order and store sales:
Total sales, 2 companies.
thous. of dol. 43, 592 • 27, 606 35, 365
18,312 ' 11, 263
15, 574
Montgomery Ward & Co thous. of dol.
25, 280
16, 343
19, 791
Sears, Roebuck & Co
thous. of doL
19,801
1,931
19,344
1,935
19,5S3
1,937
20, 357
1, 936
21, 642
1,937
22,035
1,942
20,996
1,942
36, 996
1,936
18,137
1,937
17, 860
1,937
61, 525
15,381
397,498
99, 375
79, 503
15, 901
507, 361
101,472
63,445
15, 861
382, 751
95, 688
78,005
15, 201
458, 606
91,721
60, 661
15,165
357, 638
89,410
63, 856
15,964
376,069
94,017
77, 631
15, 520
460, 525
92,105
64,479
16,120
386,947
96, 737
59,923
14, 981
356, 514
89,129
64, 272
16, 068
377, 782
94,446
3,173
379
3,012
376
3,045
373
3,298
376
1,227
104
1,147
103
1,142
103
1,191
103
911
114
1,082
117
865
116
1,081
159
1,002
158
992
156
1,025
156
1,047
155
1,092
155
1,006
156
1,119
155
1,078
155
6,553
451
6,512
452
5,784
454
5, 752
454
6,423
454
7,113
454
6,900
456
12, 451
457
4,833
457
4,550
457
14,433
1,478
14, 617
1,478
13,564
1,478
14,204
1,477
16,288
1,471
18,643
1,468
19, 216
1,468
25,824
1,467
12,444
1,466
11, 745
70
49
46
46
48
45
44
44
40
49
39
51
42
67
77
59
65
57
65
61
60
61
56
61
50
66
57
76
70
73
67
73
75
64
67
68
70
78
60
79
63
73
70
77
79
76
76
66
81
74
58
93
73
94
70
72
65
75
71
74
69
61
75
67
54
89
66
87
70
69
121
117
114
114
103
120
113
93
140
105
147
106
131
57
57
61
60
52
56
52
46
63
49
61
53
63
67
67
66
69
68
61
65
63
60
76
59
81
60
73
71
59
a 64
46
61
« 51
«61
54
• 43
58
43
57
52
6.9
5.7
7.9
12.7
9.3
7.0
4.2
7.4
56
55
56
57
56
60
62
64
73
70
77
70
78
69
62
65
59
66
63
66
37, 778
15,103
22, 675
38, 986
16,165
22,821
33, 566
13.615
19, 951
40, 327
15, 657
24, 670
43, 219
16,600
26,619
53, 550
23,017
30, 533
52, 037
20, 742
31,295
61,971
25, 022
36,949
36, 705
14, 734
21, 971
36, 016
15,422
20, 594
75.8
54.2
39.2
45.6
79.3
99.4
109.0
87.8
97.4
73.8
81 9
84.2
87.9
51.7
62.7
67.0
92.8
83.4
87.7
70.2
87.6
94.0
71.7
70.2
50.9
56.8
44.1
74.1
73.9
52.9
37.7
44.9
77.0
99.1
107.9
72.6
53.2
39.0
43.4
SO. 3
100.3
110.0
88.6
95.1
71.7
75.4
73.2
84.3
48.9
62. 4
64. 4
92. 4
81.8
85.2
71.6
83.7
90.9
65.6
71.9
47.9
50.1
44.0
71.2
72.4
52.8
38.5
43.4
79.0
99.8
107.9
89.4
71.0
51.9
34.7
41.8
81.1
100.6
109.4
89.6
92.0
70.4
75.2
72.3
87.4
46.3
61.9
61.6
92.8
81.3
84.4
72.1
79.6
87.3
60.3
67.5
51. 3
58.6
43.4
75.4
71.8
53.3
36.0
42.9
83.1
100.4
107.6
90.7
70.5
50.4
33.6
39.3
81.9
101.8
110.3
88.9
89.4
68.4
79.0
76.9
87.9
42.6
61.4
61.0
90.7
79. 5
84.0
65. 9
79.8
87.1
61.6
58.9
55.8
71.1
42. 9
72.3
71.8
54.3
36. 9
42.3
87.3
102. 1
109.5
90.6
74.7
53.7
38.8
40.7
87.6
103.5
111.0
89.2
90.8
71.5
86.3
85. 3
90.1
43.9
64.2
62.2
91.4
81.1
87.6
61.8
87.0
93.6
70.6
07.4
62.6
86.3
43.9
74.1
74.7
56. o
42.8
43. 4
90.0
102.1
108.8
90.4
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (F.E.B.) ___ 1923-25=100
Cement, clay, and glass
1923-25=100
Cement
1923-25=100.
Clay products
1923-25=100.
Glass
1923-25 = 100.
Chemicals and products
..1923-25=100
Chemicals and drugs
1923-25=100.
Petroleum refining
1923-25-= 100.
Food products
1923-25 = 100.
Iron and steel
1923-25 = 100.
Leather and products
1923-25=--100.
Boots and shoes
1923-25=100.
Leather
1923-25 = 100.
Lumber and products
1923-25=100
Machinery
„
.1923-25 = 100.
Metals, nonferrous
1923-25=100
Paper and printing
1923-25=100
Rubber products
.
1923-25=100.
Auto tires and tubes ._
.1923-25=100.
Boots and shoes
._
1923-25=100.
Textiles and products
1923-25=100.
Fabrics
1923-25=100.
Wearing apparel
1923-25=100.
Tobacco manufactures
1923-25 = 100.
Transportation equipment
1923-25=100.
Automobiles
1923-25=100.
Car building and repairing..1923-25=100.
Shipbuilding
1923-25 = 100.
Factory, adjusted (FM.B.)
1923-25=100.
Cement, clay, and glass
1923-25 = 100.
Cement
1923-25 = 100.
Clay products
1923-25 = 100.
Glass
...1923-25=100.
Chemicals and products
1923-25=100.
Chemicals and drugs
..1923-25=100.
Petroleum refining.
1923-25=100.
° Revised,
77.7
56.1
40.2
42.4
91.8
107. 9
113.3
88.9
91.0
75.0
88.4
87.8
91.5
45.3
67.7
66.8
92.0
83.9
91.7
60.8
90.0
95. 5
76.1
69. 9
67.7
96. 1
45. 7
77.7
76.9
57.1
43.0
43. 8
91.3
103.1
111.9
89.8
56.7
38.1
31.0
31.2
55.6
78.2
80.1
75.8
76.9
49.1
78.6
78.8
67.8
31.8
42.8
42.3
78.7
57.0
60.4
46.4
67.7
68.1
66.7
57.6
42.5
43.9
40.3
54.1
56.6
38.9
33.1
32.1
55.3
75.6
79.1
76.6
57.8
40.5
36.7
32.5
58.6
82.4
78.8
75.9
78.2
50.6
75.0
77.7
63.9
32.8
43.1
44.4
78.4
57.1
60.6
46.7
69.7
69.6
69.8
56.3
41.4
44.4
38.5
49.8
57.7
40.2
37.3
32.2
57.8
77.6
78.1
75.9
60.0
43.7
38.4
35.3
63.2
78.9
80.8
76.8
80.2
53.2
76.4
77.8
70.9
35.3
44.5
47. 9
79.4
60. 2
66. 6
40.8
73.0
75.7
66.1
64.2
43.7
47.8
39.7
53.4
60.6
42.6
37.6
34.2
62.3
80.3
82.1
76.9
64.1
48.4
44.1
39.1
69.4
79.4
85.0
78.1
81.9
58.1
79.6
80.1
77.9
39.9
48.0
53.5
80.9
68.1
76.4
43.2
79.9
85.8
64.9
66.4
44.6
51.6
38.4
53.8
64.8
46.8
42.1
37.5
67.7
82.3
86.7
77.4
68.9
51.8
47.6
43.7
70.3
84.0
92.3
78.1
83.1
65.3
85.4
86.0
83.0
44.0
51.8
59.5
82.5
77.0
86.0
50.0
85. 7
94.1
64.7
65.6
49.2
58.4
41.4
58.7
70.1
51. G
45.2
42.4
73.3
87.5
95.6
76.4
73.4
55. 8
50.4
47.2
76.0
89.9
100. 7
79.7
89.3
72.7
88.7
88.7
88.6
47. 6
57.1
05.4
86.9
83.3
91.6
53.4
87.8
96.4
66.4
67.6
51.7
CO. 9
43.7
64.5
73.3
53.9
46.9
45.3
74.9
92.4
103. 3
78.3
76.6
55.8
45.4
47.2
78.5
96.2
106.4
84. 4
96.0
75.3
86.6
86.0
89.0
51.1
60.9
67.7
91.0
84.4
89.6
69.1
88.0
94.5
71.4
67.1
53.4
63.4
44.2
71.9
74.3
53.9
43.1
45.7
75.9
95.9
106.6
83.0
* New series. For earlier data see p. 20 of the December 1932 issue.
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931
1934
together with explanatory footnotes and references to the sources of the data, may be found
March
in the 1932 Annual Supplement to the Survey
May 1934
1933
March
April I May
July
June
1934
Novem-1 Decem- January FebruSeptem-!
| O'ctober I ber ! ber
August
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory, adjusted
(F.R.B.)—Continued.
Food products
1923-25 = 1 0 0 Iron and steel
1923-25 = 1 0 0 Leather and manufactures
1923-25 = 1 0 0 Boots and shoes
1923-25 = 1 0 0 Leather
..1923-25 = 1 0 0 Lumber and products
1923-25=100Machinery
1923-25=100Metals, nonferrous
1923-25=100Paper and printing
1923-25 = 100..
Rubber products
1923-25 = 1 0 0 Auto tires and tubes
1923-25 = 1 0 0 Boots and shoes
1923-25=100Textiles and products
1923-25=100Fabrics
1923-25 = 1 0 0 Wearing apparel
1923-25=100Tobacco manufactures
1923-25 = 1 0 0 Transportation equipment
1923-25=100Automobiles
1923-25 = 1 0 0 Car building and r e p a i r i n g . . 1923-25=100Shipbuilding
1923-25=100Factory, b y cities and States:
Cities:
Baltimore*
1929-31 = 1 0 0 Chicago*
1925-27 = 1 0 0 Cleveland
. . J a n . 1921 = 100..
Detroit
1923-25 = 1 0 0 Milwaukee*
1925-27 = 100New Y o r k .
1925-27=100Philadelphia f
1923-25=100Pittsburgh*—
1923-25=100States:
Delaware!
1923-25=100..
Illinois
1925-27 = 1 0 0 Iowa
1923=100..
Massachusetts*!
1925-27=100..
Maryland*
1929-31 = 100..
New Jerseyf
1923-25=100New York
1925-27 = 1 0 0 Ohio
1926=100..
Pennsylvania!
1923-25 = 1 0 0 Wisconsin
1925-27 = 100—
Nonmanufacturing (Dept. of Labor):
Mining:
Anthracite
1929=100Bituminous coal
1929 = 1 0 0 Metalliferous
1929 = 100..
Petroleum, crude p r o d u c t i o n . . . 1929 = 100..
Quarrying and nonmetallic
1929=100Public utilities:
Electric railroads.
1929=100..
Power, and light
...1929=100—
Telephone a n d telegraph
1929=100Trade:
Retail...
1929 = 100..
Wholesale
.1929 = 1 0 0 Miscellaneous:
Banks, brokerage houses, etc.*f-1929=100
Canning and preserving
1929=100
Dyeing and cleaning*
1929=100
Hotels
-1929 = 100..
Laundries*
—
..1929=100
Miscellaneous data:
Construction employment, Ohio._1926=100..
F a r m employees, hired, average per farm
number—
Federal and State highway employment,
total*
number..
Construction *___
number..
Maintenance*
-..number..
Federal civilian employees:
United States*
number..
Washington
number..
Railroad employees, class I
thousands..
Trades-union members employed:
All trades
>
percent of total _.
Building trades*
_.percent of total—
Metal trades*
percent of t o t a l . .
Printing trades*
percent of t o t a l All other trades*
percent of t o t a l . .
On full time, all t r a d e s . . - p e r c e n t of t o t a l . .
LABOR CONDITIONS
F a c t o r y operations, p r o p o r t i o n of full t i m e
w o r k e d , total
percent..
Chemicals a n d p r o d u c t s
.
percent—
Food products
percent..
92.7
73.9
87.4
86.9
89.4
46.4
66.8
64.7
91.8
83.3
90.4
62.0
87.2
93.8
70.8
70.3
65.9
91.9
45.9
73.2
78.4
48.3
75.7
78.0
66.2
32.5
42.2
41.0
78.5
56.6
59.7
47.3
65.4
66.9
61.9
57.8
41.7
41.9
40.5
50.9
81.2
50.0
76.4
79.3
64.4
33.3
42.6
43.4
78.8
56.7
59.6
47.9
68.5
69.2
66.8
57.5
40.1
41.5
38.3
47.0
82.6
52.5
79.7
81.4
72.6
35.7
44.2
47.4
79.9
59.7
65.3
42.9
73.4
75.9
67.4
65.4
41.9
43.8
39.4
52.1
82.3
58.1
83.9
84.7
80.3
40.0
47.7
53.6
81.6
67.8
75.0
46.2
81.6
86.7
68.7
66.9 i
43.9
50.3
38.2
53.2
83.6
66.3
85.7
86.0
84.6
43.8
51.7
60.3
83.4
76.4
84.4
52.4
90.3
97.6
71.9
67.3
49.3
58.8
41.2
60.1
89.7
73.2
86.4
85.7
89.0
46.6
57.1
66.1
88.1
81.9
89.0
60.5
91.2
99.8
69.6
67.7
51.4
59.7
43.5
68.2
93.9
74.7
83.3
81.9
88.9
49.4
61.1
68.6
91.2
82.2
87.2
67.4
88.4
95.9
69.8
65.2
52.8
61.5
44.0
77.2
93.4
73.6
82.0
80 6
88.0
49.9
63.1
67.9
92.3
83.7
89.2
67.2
86.2
93.1
68.8
66.8
51.0
56.8
43.9
79.0
92.8
72.0
75.8
73.9
83.8
47.9
63.3
65.2
91.2
85.3
91.0
67.9
82.7
89.3
65.9
67.8
50.7
56.4
44.1
74.1
90.3
71.4
77.2
74.9
87.0
46.7
62.6
62.3
91.2
83.4
88.8
67.4
78.8
85.9
60.9
66.4
54.7
66.9
43.5
75.4
90.3
69.8
78.6
76 7
86.4
44 1
62.1
615
90.1
80 4
85 8
64 0
79.3
86 4
616
63 3
57 7
75 3
43 5
70^2
91.6
70.9
84.3
83.5
87.4
45 3
63.8
61.0
91.3
80.6
87.2
60.9
84.9
91.7
68.0
68.2
62.2
85.1
44 5
70.2
79.6
64.2
93.6
107.7
80.6
74.7
78.4
87.9
«59.5
48.2
61.7
41.8
54.3
56.3
57.1
55.4
64.3
49.3
65.3
50.0
57.4
57.8
57.8
56.1
63.6
51.1
68.8
52.5
61.0
58.4
60.9
59.0
64.8
53.4
73.9
60.7
68.2
59.1 I
64.1 I
64.2
71.1
56.7
78.6
62.8
71.9
59.2
66.6
68.5
75.8
64.0
83.6
64.7
76.6
63.4
72.9
75.7
79.1
65.3
83.3
59.6
79.2
69.0
78.3
77.4
80.9
65.6
79.6
37.3
79.1
70.0
81.4
75.2
76.8
63.0
82.6
41.6
76.7
67.8
79.3
74.7
74.1
60.9
82.1
61.7
77.1
67.4
76 8
73.4
72 1
60*8
86 9
83*2
76 7
66*9
73 3
7o! 0
76 1
63.2
92 6
99.1
75 8
71.4
76 1
73.4
95.8
69.1
105.5
74.1
86.7
80.1
72.2
89.6
76.1
79.3
72.1
50.8
83.2
56.2
«64.2
60.9
53.7
57.4
58.7
58.6
70.3
51.7
83.7
56.4
67.5
60.8
55.3
60.5
59.0
60.8
73.8
53.6
86.4
58.5
68.3
63.7
57.1
65.7
62.1
63.3
80.0
57.2
90.5
62.9
71.0
67.3
59.5!
72.5
65.6
69.5
87.9
60 9
93 0
69 0
78 9
70.4
62.2
77.8
68.4
75.9
94.2
67.9
95.3
73.2
84.0
74.9
65 7
81.9
73.2
77.5
98.1
69.7
99.3
75.1
88.3
79.5
69.6
83.7
76.3
79.7
95.1
68.9
101.9
76.5
90.1
80.5
69.6
83.2
76.6
80.0
94.2
66.2
98.8
72.9
85.5
80.5
67.4
80.5
75.3
78.3
92.7
65.4
99.8
69.1
81.2
79 8
66.2
80 1
72.5
76.5
89 0
64 0
98'4
68 5"
79*0
77 4
65*8
79 4
69 5
75*. 7
93.4
66 0
101.6
73 0
83.8
78 9
69.6
° 85 4
73.7
77.2
67.5
77.8
39.8
72.8
42.0
54.6
67.6
30 0
56.5
35.1
51.6
63.7
29.4
56.8
39.3
43.2
61.2
30.0
56.9
43.4
39.5
61.3
31.5
58.0
47.3
43.8
63.2
33.0
59.5
49.5
47.7
68.6
36.8
60.8
51.6
56.8
71.8
38.9
66.2
52.6
56.9
68.0
40.7
70.6
53.2
61.0
74.8
40.6
72.2
51.1
54 5
75 4
40.6
75 0
45.3
64 1
75*8
39*6
73*2
397
63 2
76 1
40 3
72 4
38 8
71.7
81.7
70.0
69.8
76.9
73.2
69.5
76.9
72.3
69.1
76.9
70.1
69.3
77.3
69.2
69.4
77.5
68.5
69.7
80.3
68.3
70.6
82.2
68.7
71.0
82.6
68.9
70 8
818
69.4
70 5
82*2
70*2
710
812
69.8
87.2
83.6
71.4
73.1
78.6
73.3
77.0
74.0
78.3
75.7
74.6
76.9
69 5
78.1
68.1,
!
78.1
79.7
86.0
82.1
89.6
83.5
91.6
83.4
105.4
83.3
84 6
82.4
83 8
83.0
96 5
33.2
71.2
72.4
73.0
96.2
49.2
81.1
71.9
73.4
96.2
45.5
82.0
71.9
73.5
97.3
55.6
85.6
73.6 j
76.0 [
97.7
76.6
82.9
75.6
76.3
98.3
112 7
83.1
77.1
77.9
99.0
175.6
88.6
78.7
79.3
99.4
126.3
88.4
77.0
78.0
99.6
69.3
82.4
75.8
75.3
99.3
49.4
76 3
77.6
75.2
992
43'1
73 8
81*5
75 4
99 4
43 2
73 7
84 8
75.3
20.9
20.1
22.1
24.0
26.9
26.8
29.1
28.3
28.1
29.1
27.3
23 6
°21.0
.80
.79
.86
.96
1.01
.94
.94
1.05
.86
.73
.64
.73
.67
296,265
164,038
132,227
279,213
133,595
145,618
299,882
162,816
137,066
330,138
187,371
142,767
359,605
206,664
152,941
332,277
190.633
141,644
329,813
171,576
158,237
337,973
177,413
160,560
384,029
212,727
171,302
420,069
249,239
170,830
362,031
221,168
140,863
306,090
179,125
126,965
659,503
81,569
1,018
603,818
67,557
934
605,554 610,652 601,944 591.166
67,063
66,560
65,437
65,991
939
952
973
1,005
592,490
67,715
1,031
602,465
69,740
1,047
613,242
71,054
1,042
624,118
73,131
1,014
315 989
179'499
136'490
'
627,713 627 155
75,450
78' 04,5
982
"982
75
45
«70
82
84
53
66
28
51
78
78
44
67
29
51
78
80
46
67
31
53
77
80
47
69
33
55
77
81
48
69
33
55
77
81
48
69
34
58
78
81
49
71
37
61
78
82
51
73
38
64
79
84
52
72
37
64
80
82
50
71
38
64
81
80
49
72
42
65
81
81
49
74
45
66
81
83
52
(2)
(2)
(22)
84
89
92
86
92
94
88
94
95
90
95
94
91
95
95
92
93
94
77
82
84
87
89
91
70
73
87
83
87
78
73
76
88
84
90
83
77
81
89
87
93
83
82
85
91
89
96
84
85
86
92
89
96
85
85
86
94
91
97
86
91
36.8
36.2
34.0
33.8
34.3
35.5
86.4
Leather and products
percent..
Lumber and products
Metal products:
Iron a n d steel
Other
Paper and printing.
Stone, clay, a n d glass
Textile p r o d u c t s
Tobacco p r o d u c t s
percent..
(2)
.percent..
percent..
percent..
percent..
percent..
percent..
(2)
(2)
(2)
(2)
(2)
(22)
Transportation equipment.
percent..
Automobiles
percent..
H o u r s of work per week in factories:*
A c t u a l , average per wage earner
hours..
()
()
(2)
36.4
88
88
90
92
94
647,759
79,913
«992
95
83
90
89
90
90
76
90
88
92
90
93
32.2
33.8
37.4
41.2
42.6
38.8
0
Revised.
* F o r earlier d a t a see t h e following references: H o u r s of work, p . 18, D e c e m b e r 1932; e m p l o y m e n t in B a l t i m o r e , M i l w a u k e e , M a r y l a n d , a n d M a s s a c h u s e t t s , F e d e r a l
civilian e m p l o y m e n t a n d trade-union m e m b e r s e m p l o y e d , p p . 18 a n d 19, D e c e m b e r 1932; e m p l o y m e n t in laundries, dyeing a n d cleaning a n d b a n k s a n d brokerage houses,
etc., Federal a n d State h i g h w a y e m p l o y m e n t a n d e m p l o y m e n t in Chicago, p p . 19 a n d 20, J u n e 1933; P i t t s b u r g h e m p l o y m e n t , p . 18, J a n u a r y 1934.
t For re vised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania and Philadelphia, p. 19, September 1933: and for Massachusetts,
employment for 1931, 1932, and 1933, p. 19, August 1933. Employment in banks, brokerage houses, etc., for 1932, p. 28, January 1934.
2
Discontinued by Department of Labor.
Mav .19:54
29
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931. j U 3 4
together with explanatory footnotes and refer- !
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey March 1 March April I M a y June
EMPLOYMENT
1933
July
August
1934
September
October
No m
I £ -
January Febru-
CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued
Labor disputes: t
a
41
46
42
49
36
Disputes
number. 45
68
92
67
73
445, 771 535,039 603, 723 504,362 1,404,850 1, 401, 532 3, 642, 431 3,067,967 4,160,56;
Man-days lost
number..
'437,
378 451, 762
0
a
12,
794
Workers involved
number..
19, 867 16, 584 24,593 49, 058
101,041
150, 210 94, 368 20,442 12,430 17,591
Labor turnover (quarterly):*
I
8.50
Accessions
percent of no. on pay roll..
20.86
22.88
Separations:
.38
Discharged
percent of no. on pay roll..
.78
Laid-off
percent of no. on pay roll..
4.46
10. 14
11.34
6.31
Voluntary quits
percent of no. on pay roll..
2.23
2.18
1.56
4.16
PAY ROLLS
53.1
36.9
53.6
Factory, unadjusted (F.i2.B.)---1923-25=100_.
38.6
49.9
63.3
46.2
55.7
57.4
52 9
42 0
57.6
59.2
32.0
20.6
32.8
Cement, clay, and glass
..1923-25=100..
22.0
30.2
36.3
29. 1
34.6
34.1
3l! 4
25.1
34.1
35.1
18.9
16.4
Cement
1923-25=100-.
18.3
27.6
22.8
23.9
25.1
31.6
24.6
21.2
25.6
19.2
22.3
22.2
13.8
14.2
21.2
23.3
Clay products
1923-25= 100..
23.8
18.8
25.3
24.8
15.9
25.0
20.7
22.5
59.5
36.7
39. 9
49.8
58.2
Glass
1923-25= 100..
68.9
52.1
55.2
58.6
45.9
57.4
60.3
67.9
78.8
60.4
60.8
67.9
78.2
Chemicals and products
1923-25=100. _
83. 1
64.6
72.2
78.7
61.9
74.3
79.4
80.8
85.
5
59.8
58.4
72.6
84.6
Chemicals and drugs
...1923-25= 100..
88.4
66.9
79.4
85.2
62.0
80.0
85.7
87.2
72.5
64.5
63.8
66.1
72.9
Petroleum refining
1923-25=100..
74.6
66.3
66.7
72.5
65.1
69.8
72.7
73.6
78.1
59.8
62.6
68.2
77.2
Food products
1923-25=100-.
76.7
66.3
71.7
78.8
64.8
78.2
76.9
77.4
44.8
22.4
24.4
42.4
44.4
Iron and steel
1923-25=100...
53.8
36.2
52.7
49.3
29.5
49.0
42.7
47.7
54.4
47.1
45.9
64.2
53.3
Leather and products.—
.1923-25=100-.
74.7
57.4
69.3
64.0
50.8
68.7
59.8
72.4
48.6
46.2
46.0
62.2
48.4
Boots and shoes
1923-25=100..
73.2
54.9
67.7
60.9
49.2
67.0
55.8
70.5
75.4
50.3
45.4
71.4
70.9
Leather
1923-25=100..
80.1
66.4
75.1
75.3
56.6
74.8
74.4
78.9
27.5
14.3
15.6
24.6
30.0
Lumber and products
1923-25=100..
28.4
21.7
28.9
33.5
18.0
33.1
24.1
26.9
43.0
24.0
24.4
35.7
43.3
Machinery
1923-25=100..
49.9
32.0
38.9
43.4
27.4
41.2
42.4
46.3
46.2
25.1
27.4
46.5
47.2
53.4
41.4
50.4
50.2
Metals, nonferrous
1923-25=100..
34.5
51.4
46.2
48.6
77.2
63.3
62.4
67.8
75.6
77.7
66.6
70.8
76.0
Paper and printing
..1923-25=100..
64.9
74.6
74.3
75.9
60.7
31.1
34.2
65.2
57.8
74.0
57.3
64.4
62.8
Rubber products
1923-25=100..
46.2
62.9
60.2
6S. 4
59.0
31.7
35.2
69.7
55.8
79.0
62.0
66.4
62.0
Auto tires and tubes
1923-25=100..
49.0
62.8
60. 6
72.1
67.6
28.6
30.2
47.3
65.9
54.3
38.4
56.5
65.9
Boots and shoes
1923-25=100-.
34.7
63.4
58.7
53. 7
58.1
41.3
45.2
58.9
63.0
74.3
53.6
67.0
69.2
46.8
70.7
Textiles and products
__ .1923-25=10058.9
69. 9
66.8
40.8
43.0
67.2
71.1
78.3
60 5
77.0
75.2
50.1
75. 1
Fabrics
1923-25=100..
65. 5
76.0
40.3
42.4
49.8
41.9
46.5
66.1
39.4
46.9
57.1
40,1
61.8
Wearing apparel
1923-25=100..
45. 4
57.7
50.4
36.0
35 9
47.3
54.4
49.4
47.3
48.2
55.5
45.5
52.3
Tobacco manufactures
1923-25 = 100..
42.9
49.1
40.2
29.2
30.6
38.3
38.0
63.2
36.0
43.9
41.7
35.3
43.0
Transportation equipment
1923-25= 100—
44. 1
55. 4
43.3
27.0
32.3
46. 1
37.3
92. 5
43.2
52.5
43.3
40.4
50.1
Automobiles
1923-25=100..
55.0
77. 6
35.6
29.9
28.6
31.4
36.5
39.3
29.8
36.4
38.7
30.6
35.9
Car building and repairing._ 1923-25=100..
33.7
36.9
61.2
40.3
37.4
44.9
58.0
65.0
40.3
49.5
58.8
40.3
56.8
Shipbuilding
1923-25=10059.7
60.7
Factory by cities:
65.4
Baltimore*
..1929-31 = 100..
44.3
58.1
46.9
50.9
65.1
70.6 M0. 9
63.1
67.5
61.4
65.9
25.7
39.5
Chicago *—_.
1925-27 = 100..
26.4
35.2
29.3
32.2
37.5
41.4
39.9
39.4
37.3
38.9
40.5
27.7
52.0
Milwaukee*
1925-27=10034.8
47.7
38.7
45.8
51.5
58.6
51.8
53.4
51.7
49.8
53. 6
43.7
50.5
New York *
1925-27= 10046.0
47.4
45.6
46.5
53.6
62.1
57.3
55.9
53.2
53.7
57.4
37.5
54.8
Philadelphia *f
1923-25=10037.9
48.0
41.8
45.3
59.8
61.9
59.4
63.1
57.2
54.4
58.7
25.7
52.7
Pittsburgh *
1923-25 = 100..
27.5
42.3
30.5
38.7
45.7
49.0
47.6
52.7
41.9
46.4
46. 5
Factory, by States:
47.0
45.0
51.2
64.9
Delaware!
1923-25=100..
56.9
66.0
65.5
69.0
67.7
67.7
66.5
63.4
68.3
27.2
28.2
31.3
42.6
Illinois
....1925-27 = 100..
35.4
37.9
40.3
45.2
43.0
43.0
40.5
40.5
43.2
45.9
49.1
67.9
Maryland *
1929-31 = 100..
53.1
60.5
69.5
74.5 « 43. 9
73.8
73. 0
67.4
64.8
70.3
38.0
42 2
57.3
Massachusetts*!
1925-27 = 100..
37.2
47.0
53. 0
55.7
60.6
59.4
59.4
52.8
53.1
58.8
45.2
57.5
43.5
52.1
54.4
New Jersey t
1923-25=100..
48.'1
62.0
61.9
60.0
61.6
61.2
58.4
61. 3
40.1
51.0
38.4
45.1
48.0
New York
.
1925-27=100..
42.4
51.8
58.3
55.0
54.1
51.3
51.8
54.7
33.4
53.2
32.5
42.5
45.7
Pennsylvania t
1923-25 = 10037.8
52.4
56. 8
53.6
55. 3
50.6
46.7
52. 4
36.4
53.3
32.6
46.8
49.2
Wisconsin
1925-27 = 100..
40.6
52.3
58.9
53.8
55.3
50.1
50.5
54.4
Nonmanufacturing {Department of Labor):
Mining:
Anthracite
1929 = 100..
37.4
38.2
46.6
48.8
30.0
34.3
82.4
47.8
44.3
60.7
61.6
73.2
65. 8
Bituminous coal
1929 = 100..
26.6
33.6
43.3
30.7
26.9
29.2
58.9
50.7
44.1
44.1
50.8
54. 6
51.3
Metalliferous
1929=100..
16.4
19.0
21.9
17.4
17.0
18.3
25 9
25. 6
23.9
25.9
26.2
26.0
25. 4
Petroleum, crude production
1929 = 100._
40.1
42.2
42. 5
42. 5
41.6
40.6
52! 5
50.3
44.4
50.1
53.2
50. 5
53.0
Quarrying and nonmetaliic
1929=100—
20.2
28.4
29.9
17.8
23.8
24.1
27.5
28.3
29.3
31.2
21.0
24.4
21.3
Public utilities:
Electric railroads
1929 = 100—
59.4
58.1
58.2
57.4
58.2
62.2
58.0
59.8
59.4
57.8
59.6
59. 2
60. 1
Power and light
1929 = 10071.9
69.4
69.9
70.0
70.9
75. 6
69.9
76.2
71.8
74.5
74.4
73.8
74.4
Telephone and telegraph
1929 = 100—
66.7
66. 1
70.4
67.8
68. 5
66.6
71.6
64.6
07. 0
67.7
67.7
69. 0
67. 9
Trade55.1
60.4
Retail
1929 = 100..
59. 5
58. 1
62. 7
69. 5
60.5
69.2
72.3
72.6
80.3
68.8
(57.7
57.1
56.0
59.1
Wholesale
1929 = 100..
57.4
57.3
60.8
65.7
64.1
66.0
62.3
64. 5
63.9
64.6
Miscellaneous:
83.'
82.9
83.2
84.4
84.4
Banks, brokerage houses, etc.*t 1929 = 100..
84.8
86.1
84.7
87.4
84.5
88. 1
87.0
24.2
33.5
31.8
68.3
36.7
46.2
Canning and preserving
1929 = 100..
50. 8
127.0
87.1
39. 0
35.4
37.3
41.0
54.6
53. 9
52.8
52.8
56.7
Dyeing and cleaning *
1929=100..
49.4
60.3
55.4
60.6
50.0
48.8
53. 5
51.7
51.8
53.3
54.0
52.3
Hotels
1929 = 100..
55. 6
55.2
56.2
57. fj
65. 2
60. 8
52.9
56.1
54.0
54.5
57.6
56.7
Laundries *
1929 = 100..
60.6
57.9
59. 7
58.3
58. 9
58. 9
WAGES—EARNINGS AND R A T E S
Factory, weekly earnings (25 industries); *
All wage earners
..dollars.. 20.49
14.56
15.39
19.15
19.25
16. 71 18. 49
18.51
19.46
19.46
18. 58
18. 89
19. 81
Male:
Skilled and semiskilled
dollars..
22. 87 16.54
17.75
21.99
18. 94 21. 18
22.16
22.04
22. 40
21.22
21. 44
21.15
22.28
Unskilled
...dollars..
16. 95 12. 27 13. 30 14.42
15. 83
16.48
16.17
15. 97
16. 59
15. 02
15.74
16. 42
15. 21
Female
dollars..
10. 09 11.03
14.63
9.93
12.30
12 93
13. 83
14.21
14.28
13. 79
14.85
13. 43
13. 53
All wage earners
...1923 = 100..
57.8
72. 3
77.0
54.7
69.5
72.0
62.8
73.1
73.1
69.6
74.4
71.0
69.8
Male:
Skilled and semiskilled
1923=100..
71.4
53.7
57. 6
61.5
74.3
71.9
71.6
68.7
69.6
72.3
Unskilled
1923-100..
55. 1
59.7
74.0
76. 1
64. 7
72.6
71.1
71.7
74.5
67.4
68. 3
70.6
73.7
Female
1923=100..
57.6
58.5
84.9
75.0
80.2
64.0
71.3
82.8
77.9
86. 1
80.0
82.4
78.5
Factory, av. hourly earnings (25 industries): *
All wage earners
.dollars..
.460
.460
.453
.452
.455
.497
.531
.545
.550
Male:
Skilled and semiskilled
dollars..
. 521
. 522
.615
.513
.511
.517
.560
. 590
.596
.604
. 608
. 609
.614
Unskilled
dollars.375
. 465
.373
.368
.369
.375
.409
.432
. 444
. 456
.445
.451
. 459
Female
dollars..
.294
.419
.297
.300
.303
.362
.395
.411
.403
.404
.405
.415
1
Revised.
* New series. For earlier data on the following subjects refer to the indicated pages of the monthly issues as follows: Labor turnover rates
rate; p. 20, October 1932; pay
rolls, Baltimore, p. 18, December 1932; Chicago, p . 20, June 1933; Milwaukee, p. IS, December 1932; New York, p. 20, June 1933 ;Philadelphia, p. 18', December 1932- Pittsburgh, p. 18, January 1934, Maryland and Massachusetts, p. 18, December 1932; banks, brokerage houses, etc., dyeing and cleaning, and laundries p. 19, June 1933- factory
weekly earnings, p. 20, October 1932; factory hourly earnings, p. 18, December 1932.
t Revised series. For revisions on the following subjects'refer to the indicated pages of the monthly issues as follows: Labor disputes for 1932, p. 29, July 1933; pay rolls,
Philadelphia and Delaware, p. 19, September 1933; pay rolls, Massachusetts, for 1931, 1932, and 1933, p. 19, August 1933; pay rolls, New Jersey and Pennsylvania, p. 19,
September 1933; pay rolls of banks, brokerage houses, etc., for 1932, p . 29, January 1934.
30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1982 Annual Supplement to the Survey
1934
March
May 1934
1933
May
March i Ar.ril
1934
eptem- J
Novem- Decemher ! October i ber
ber
July
Janu- j February
I ary
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—EARNINGS ANJ> KATES—
Continued
Factory, weekly earnings, by States:
Delaware
1923-25 = 100...
Illinois
1925-27=100.Massachusetts*f
1925-27 = 100.
New Jersey
1923-25-100.
New York
1925-27 = 100.
Pennsylvania
1923-25= 100..
Wisconsin
1925-27 = 100Miscellaneous data:
Construction wage rates:*
Common labor (E.N.R.)
dol. per hour. _
Skilled labor (E.N.R.)
dol. per hour..
Farm wages, without board
(quarterly)
dol. per month..
Railroads, wages
dol. per hour
Road-building wages, common labor:#t
United States
dol. per hour..
East North Central
dol. per hour..
East South Central
dol. per hour..
Middle Atlantic.
dol. per hour..
Mountain States
dol. per hour..
New England
dol. per hour..
Pacific States
._
dol. per hour..
South Atlantic
dol. per hour..
West North Central
dol. per hour..
West South Central
dol. per hour..
Steel industry:
U.S. Steel Corporation?
dol. perhour_.|
Youngstown district.-.percent base scale..
72. 3
63. 1
72.1
83.4
74.2
61.9
58,5
88.3
f>7. 4
66.2
78.9
71.6
55. 7
52. 1
67.4
82.0
.427
.90
.434
1.00
57. 6
53.9
22. 98
.607
74.7
C6.9
74.7
85. 4
75. 8
66. 9
62.2
78.7
67.1
76.7
85.4
77.2
68. 8
61.9
72.3
07.8
78.1
84.7
77.6
74.9
66.2
72.4
66.6
79.0
83.3
79.0
72.2
64.8
74.6
67.3
77.5
84.5
77.8
73.9
66.6
72.8
65.6
76.2
85.0
76.8
71.5
64.5
75.1
66.7
71.2
84.7
77.4
71.5
63.3
74.6
68.4
72.5
83.3
78.7
69.6
64.1
70.5
75.3
85.7
78.6
73.5
68.1
, 439
.99
. 443
.99
.452
1.02
.506
1.03
.510
1.04
.520
1.06
.514
1.05
.527
1.06
.527
1.07
.613
24.90
.616
.612
"*i>03 i
.33
.4!
.20
. 36
.43
'.40
.19
.30
. 43
•34
. 50
.21
.34
.27
.33
. 39
.20
. 35
. 43
. 32
. 50
. 22
! 49
.22
.34
.38
94. 0 I
. 38,
9 4. 0
.38
94. 0
"."597*
.34
.41
.20
.39
.47
.39
.58
.25
.38
.31
.37
.45
.23
.41
.48
.40
.58
.21
.38
.29
.37
.46
.25
.42
.49
.41
.57
.23
.36
.32
.44
101.5
.44
101.5
.44
101.5
.44
101.5
.27
.35
.42
.20
.35
.43
.37
.50
.23
.35
.28
.37
.43
.20
.36
.44
.38
.52
.25
.36
.28
.37
.43
.20
.37
.44
.40
.55
.25
.37
.29
.38
.45
.21
.38
.45
.40
.57
.24
.37
.30
.44
101. 5
.44
101.5
.44
101.5
.44
101.5
33
!39
. 20
.35
.42
. 33
. 49
.23
,34;
.28 I
.38
94.0
25.89
.606 """."603"
.44
.35
.51
.38
.45
.23 1
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mills, of d o L .
685
Held by Federal Reserve banks:
For own account
mills, of doL.
108
For foreign correspondents
mills, of dol...
Held b y group of accepting banks, total
576
mills, of dol..
252
Own bills
mills, of dol..
324
Purchased bills
mills, of dol..
86
Held by others.
mills, of d o L .
Commercial paper outstanding
mills, of dol..
133
Agricultural loans outstanding:
147
Credit banks, intermediate
mills, of d o l . .
1, 458
L a n d banks, Federal
mills, of d o l . .
317
Land banks, joint-stock
mills, of d o l . .
Bank debits, total
mills, of d o l . . 29, 685
New York City
mills, of d o L . 15,608
Outside New York City
mills, of d o l . . 14, 077
Brokers' loans:
Reported by N e w York Stock Exchange
981
mills, of dol._
Ratio to market value
percent..
2.67
By reporting New York member bank?
886
mills, of d o L .
Federal Reserve banks:
Acceptance holdings. (See Acceptances.)
7, 669
Assets, total
mills of dol.Reserve bank credit outstanding
2,515
mills, of d o l . .
Bills bought
milis. of d o l . .
5}
Bills discounted
mills, of ( k L .
2, i 17
United States securities....mills, of <Iol__
4.5;;
7
Reserves, total
..mills, of d o L .
4 , :y.](]
Gold reserves§
.mills, of doL.
7,
61
i«)
Liabilities, total
mi!is. of do!._
:*. f,53
Deposits, total
mills, of doL.
3,
i.V
Member bank reserves
mills of d e l . .
3, OS -,
Notes in circulation
mills, of dol__
Reserve ratio
.
percent—
or. a
Federal Reserve member banks:*
Deposits:
Net demand
mills, of d o l . . 11,701
Time
mills, of dol—
Investments
mills, of dol—
Loans, total
mills, of d o l . .
On securities
mills, of dol—
All other loans
_.
..mills, of d o L .
Interest rates and yield on securities:
Acceptances, bankers' prime
percent. _
Bond yields. (See Bonds.)
1 O
Call loans, renewal
percent..
Com'l paper, prime (4-6 mos.)
percent..
1 0
Discount rate, N . Y . F . R . Bank
percent..
Federal land bank loans
percent..
Intermediate credit bank loans
percent,.
Real estate bonds, long term
percent- _
Stock yields. (See Stocks.)
Time loans, 90 d a y s . . .
percent..
Savings deposits:
5,1 _ i
New York State
_
mills, of d o L .
671 j
6^7
2?;o I
I
104 !
6S7 |
694
715
737
758
764
13 |
41
2
1
1
1
18
127
36
3G
37
40
41
31
3
4
505
229
276
115
487
201
287
123
552
248
304
147
499
252
247
154
517
236
282
156
592
271
321
112
599
273
326
138
442
223
219
190
l
43 I
404
206
199
86
61
60
73
86
1,107
395
22, 002
12! 454
9,608
85
1,105
390
22, 624
12,012
10, 612
83
1,103
386
25, 48f5
13,977
11. 509
82
1,102
382
20, 7J2
16. 743
12,969
311
1.56
1.20
780
2.15
371
512
I
!
|
j
750
105
51
567
255
312
95
581
266
315
114
j
261
153
108
529
1. 63 i
fi, \o>
107
123
130
133
109
108
117
89
1,101
378
31.232
17,354
13, 878
107
1,,104
375
25, 451
13.076
12, 375
127
1,110
372
24, 555
12, 340
12,215
133
1,125
364
26,307
13, 280
13, 027
141
1,156
362
24,131
12,204
11,927
149
1,213
354
26, 301
13,013
13, 288
150
1,287
344
27, 221
14, 023
13,198
148
1,371
333
25, 015
13,231
11, 784
916
2.80
917
2. 50
897
2.74
776
2.58
789
2.43
845
2.55
903
2.42
2.56
881
806
749
720
837
6, 442
6, 607
6,735
6,865
7,041
6,989
7,309
2, 200
9
167
2, 207
2,421
7
128
2, 277
3, 805
3, 591
6, 735
2,748
2,438
3,002
66.2
2, 549
7
116
2,421
3,817
3,591
6, 889
2, 885
2, 685
2,966
65,2
2,581
24
119
2,432
3,778
3,573
6, 865
2, 796
2,573
3, 030
64.8
2,688
133
98
2,437
3,794
3, 569
7,041
2,865
2,729
3,080
63.8
2,630
111
83
2,434
3, 792
3, 557
6,989
3, 035
2, 652
2,926
63.6
2,567
62
64
2, 432
4,140
3,931
7, 309
3. 265
3, 093
2, 980
66.3
10, 505
4, 501
7,989
8, 540
3, 087
4, 853
10, 653
4,470
8,156
8. 593
3; G04
4,989
10, 751
4,410
8,104
8, 568
3,569
4,999
10,952
4, 351
8,200
8, 385
3, 620
4,765
11,118
4, 367
8,772
8, 349
3, 609
4,740
11,398
4,370
9, 215
8,185
3, 520
4,665
.75
IK !
2. 00 !
5. 00 |
3.13 I
« 2.00
5.00
3.04
.94
1*4-1 K2
«2. 00
5.00
2.96
«2. 00
5.00
2.98
c 1. 50
5.00
3.00
5, 049 j
5,029 |
5,064
5, 067
5,076
858
!
2 218 |
•\ 2
2, 2,'Q
N
In.
2. 1
•i 2 * :
3 L ('
f. ( 10 ,
2, ~ \ I
.] 0 ' >
68 ?
f
10
4,
) 71'
I
0 |
V
'
10,427
4. 508
8, 074
8, 533
3. 766
4, 767
1
3 >
1 no
i
2 0
") 1
.. 10 1
1
5, L-0
# Beginning with March 1932 method of comp j t T z r \ * »*
* New series. For earlier employment data M*> p ^ f l.>p
Earlier data for Federal Reserve member banks sh )* n o*i p 1 *
are available only from January 1932 to date.
t For revised data on Massachusetts weekly e i r i r n j ' 1( "".
§ Figures subsequent to December 1933 r e p r c v n t jj.ol 1 u i u
on F e b . 28, 1934.)
X Basic rate was increased as of Apr. 1, 1934, t o ' s ' i c M S
f Increase in wage rates during March was uee to thv, pio^
highway departments to fix minimum wage scales.
em |
r
10
I1
', 1 '
i'<A
in 1
H-V2 i
H
.98 I
.75
2. 50
5. 00 I
3.13 i
2. 50
5. 00
3.13
1-iK I
¥2-%
5,059 I
5,079
c
1.00
* I i'o p'nru i Mir. 3, Apr. 7, May 26, Oct. 20, 1933, and Feb. 2, 1934.
i^' i f ' mii<^iaction wage rates appeared on p 19 of the September 1933 issue.
.'!„ 'I ,i'^e l it i cover 90 cities and supersede the previous data for 101 cities. They
I S ri
y, plus redemption fund—Federal Reserve notes.
($35,138,000
of fitiw 1, s»Vi M 204, p J 2, item C, of the National Industrial Recovery Act, which required State
May 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
31
SURVEY OF CURRENT BUSINESS
1934
No v e m
Decem- January FebruOctober
|
'
! August Septemb e r
ber
ary
ber
1933
1934
March
March | April
May j Jun e | July
FINANCE—Continued
BANKING—Continued
Savings deposits—Continued.
U.S. Postal Savings:
Balance to credit of depositors
thous. of doL
Balance on deposit in banks
thous. of dol.
FAILURES
Bank suspensions:
Total
numberDeposit liabilities,
thous. of doL
Commercial failures:
Total
numberAgents and brokers
numberManufacturers, total
number.
Chemicals, drugs, and paints number.
Foodstuffs and tobacco
..number.
Leather and manufactures
numberLumber
number.
Metals and machinery—
number.
Printing and engraving
numberStone, clay, and glass.
..numberTextiles
.
number.
Miscellaneous
.numberTraders, total
number.
Books and paper
numberChemicals, drugs, and paints._.number.
Clothing
number.
Food and tobacco
numberGeneral stores
number.
Household furnishings
numberMiscellaneous
numberLiabilities, total...
thous. of dol.
Agents and brokers
thous. of dol.
Manufacturers, total
thous. of dol.
Chemicals, drugs, and paints
thous. of dol.
Foodstuffs and tobacco
thous. of dol.
Leather and manufactures
thous. of doL
Lumber
thous. of dol.
Metals and machinery
thous. of dol.
Printing and engraving
thous. of dol.
Stone, clay, and glass
thous. of dol.
Textiles..
thous. of dol.
Miscellaneous
thous. of dol.
Traders, total
thous. of dol.
Books and paper
thous. of dol.
Chemicals, drugs, and paints
thous. of dol.
Clothing
thous. of dol.
Foods and tobacco
thous. of dol.
General stores
thous. of dol.
Hqusehold furnishings
thous. of dol.
Miscellaneous
thous. of doL
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total!
mills, of doL
Mortgage loans
mills, of doL
Farm
mills, of doL
Other
mills, of dol.
Bonds and stocks held (book value)
mills, of dol.
Government
mills, of dol_
Public utility
mills, of doL
Railroad
mills, of doL.
Other
mills, of dol..
Policy loans and premium notes
mills, of dol.
Insurance written: f
Policies and certificates
thousandsGroup—
thousands
Industrial
thousandsOrdinary
.thousands..
Value, total
thous. of doL.
Group
thous. of dol_
Industrial
thous. of doL.
Ordinary
thous. of doL.
Premium collections f
thous. of doL.
Annuities
thous. of doL.
Group
thous. of doL.
Industrial
thous. of dol-.
Ordinary
thous. of dol_.
(Life Insurance Sales Research Bureau)
Insurance written, ordinary total
ir
mills, of dol..
I Eastern district
mills, of doL.
i Far Western district
mills, of doL.
f Southern district
mills, of d o l Western district
mills, of dol.
Lapse rates
1925-26=100..
MONETARY STATISTICS
Foreign exchange rates: #
Argentina
dol. per gold peso..
Belgium
dol. per belga..
Brazil
dol. per milreisCanada
dol. per Canadian doL.
Chile
dol. per peso..
England
dol. per £..
France
dol. per franc.
Germany
dol. per reiehsmark..
India
dol. per rupee..
Italy.
dol. per lira..
Japan
dol. per yen..
1,199,869 1,113,923 1,159,795 1,180,336 1,187,186 1,176,669 1,177,667 1,180,668 1,188,871 1,198,656 '1,208,847 •1,200,771 1, 200,270
892,799
1,102
106
301
6
23
19
40
33
16
17
22
125
695
14
68
101
264
23
131
94
27, 228
4,880
12, 239
935, 987
1,948
150
462
9
47
18
45
51
27
22
64 i
179 j
1,336 j
11 f
86
230
351
96
268
294
48,500
7,713
17,583
974,242
1,921
147
422
10
41
13
44
66
33
17
44
154
1,352
19
129
239
400
69
224
272
51,097
6,407
18,737
978,286 j 976,377
1, 909
1(51
466
17
48 |
17 I
59
61
33
21
45
157
1, 282
20
119
194
431
61 (
2J2 j
245 |
47,972
8,074
19, 021
165
378
739
1,233
341
526
607
545
339
2,600
1,159
504
1,099
2,183
3, 812
10,108
217
322
2, 539
2.786
461
671
1, 463
7,389
23, 204
90
421
3, 618
2,837
1,410
975
951
7, 628
25. 954
687
525
5^ 098
1, 726
1,271
904
5,803
20,877
374
812
1,083
3,124
457
2,467
1,948
1,277
3, 576
4, 619
1,608
6, 378
5,656
4, 093
2,883
5, 766
793
4,672
7, 054
2, 741
4, 576
952
4,421
6,447
16, 981
6, 033
1, 368
4,665
17,020
6,002
1,357
4,645
1,366 i
960,170
1, 648
133
oG2
9
35
11
40
46
32
17
41
131
1,153
13
1,421
120
325
7
33
11
30
26
20
11
42
145
976
15
100
200
138
364
387
36
46 146
174 |
177
236 |
35, 345
27, 481
4. 420
5, 655
13, 047
8,282
150
372
121
279
311
559
2,166
2,285
2,3 79
858
678
420
1, 1 IS
436
948
689
o,125
2, 635
17,878 j 13, 544
221
223
1,103
2, 432
5, 064
587
3, 331
6,140
1, 401
3, 971
446
2. 863
4, 258
947,822
937,4C9
918,644
910,133 *914, 235
'902, 225
912, 531
1,472
114
357
25
42
11
42
49
18
17
30
. 123
1,003
18
99
148
387
41
134
174
42, 778
9, 367
15,192
1,116
115
273
4
20
4
37
38
13
17
19
121
728
5
58
115
284
35
93
138
21, 847
4,833
7,646
1,206
112
314
13
46
13
36
31
22
19
15
119
780
10
63
81
310
41
105
170
30, 582
8,447
8,850
1,237
106
311
6
31
9
34
39
27
16
32
117
820
7
87
117
319
41
99
150
25, 353
5,282
7,808
1,132
100
258
6
23
13
28
27
16
11
29
105
774
11
80
116
302
40
96
129
27, 200
9,096
8,658
1,364
118
295
7
30
12
24
43
20
20
34
105
951
18
78
212
330
34
125
154
32,905
5, 529
9,265
1,049
85
248
13
23
13
27
25
17
9
29
92
716
10
62
104
283
25
108
124
19,445
4,331
5,943
650
704
14
228
267
493
52
573
34
184
831
207
35
2, 652
2,995
213
631
591
6, 661
18, 217
320
14
2,102
771
404
248
355
3, 510
9,368
31
151
993
452
415
874
668
4,537
13, 285
293
576
1,095
1,017
775
506
437
2, 777
12, 263
61
405
1,748
1,372
323
487
343
3,707
9,446
195
195
991
1,228
568
503
1.123
4,243
18, 111
231
164
1,170
284
508
140
580
2,059
9,171
127
1,574
2, 347
6, 757
491
2, 334
4, 394
598
1,113
2,928
218
1,754
2,726
746
1, 012
3,859
595
1,910
4,840
792
1,149
4, 068
420
1, 633
4,140
750
1,232
2,854
371
1,324
2,720
866
2,271
7,164
540
2,146
4,933
781
1,254
2,769
224
1,732
2,284
17,217 «17, 299
5,649
5, 612
1, 234
1, 214
4, 415
4, 398
17,345
5, 568
1,193
4,375
I
6, 266
1, 447
1,670
2, 631
51.8
1,228
30
894
304
787,628
33, 241
228,107
526, 280
251,119
22, 557
9, 724
54, 012
164,826
571
244
55
63
209
125
&.340
.233
.085
.998
.10!
5.09
.066
.397
.383
.086
.300
1, 465
1, 666
2, 027
517
17,047
5,960
1.343
4,017 !
6. 267
1, 466
1, 6fio
2, 618
518
2,P75
2, 987
2, 987
1,047
12
996
1,034
4
', 030
5,910
:,322
I, 588
J,
.,
,
I,
293
494
CA9
613
517
J, 970 |
O7'i !
2YJ
640, 41J f)°.H, ,"78 f f. I',, ?, V
17,345 ! 21, 7J1 j 2J. 4 ><) I 43
1*7,7)1 '• 1*3 402 i l()0 lt?'» i
4 3 5 , :;•)>* ! 4:>3.(1(i.5 ! w. 7>. i
22i>. 1 .'30 ! 227, 10J i 213, 77<.
iJt.ii.") , i:<, .'or, ' i\."i* '
S, 71 s
50, 4 i
|
155,449 157, 70) I 16,3,212
462
209
45
48
160
132
0.583
. 140
.076
.835
. 060
3.43
. 039
.230
.258
.051
.213
464
206
47
495
213
49
53
158
178
0. 605
.145
.076
.847
.060
3. 58
.041
. 244
.269
. 054
.221
0. 679
.163
. 076
. 87G
. 063
3. 93
.046
.274
.296
.061
. 240
17,107
17,134
5, 876
5, 837
1,311 I 1-300
4, 565 i 4, 537
6,326
326
1 522
1. 671 I
615 I
518
905 i
i
076 I
:u i
80'J
147
6, 389
1, 569
1, 681
2,619
520
17,162
17, 212
5, 794 5,747
1,286
1, 266
4, 508 4,481
17, 250
5, 700
1,248
4,452
6,480
1, 650
1,692
2,618
520
6, 599
1,762
1,697
2, 620
6,428
1, 599
1, 689
2, 619
521
2,957
2,951
2,945
9f,2
33
702
220
577, 776
23,028
1*0,105
37? ',43
20>, (»70
1,082
23
520
6, 625
1,835
1, 694
2, 585
511
6, 704
1,891
1,710
2,948
2,947
2,589 I
611 '
6, 763
1,945
1,712
2,588
616
2,936
2,939
1,156
18
SM
-'">"
' ^ 8 , oli)
-'4 137
2'Jl ^ 3
!
!
j
,
i
812 j
2\Q
057,362
25,920
212, 4,?: !
41 \ 900
z2,i.ioU j
1,039
29
766
214
665, 457
32, 673
197,108
435, 676
249,884
25, 563
9, 060
59, 051
156,210
1,071
o0
fK 1,019
41,4*3
202, 843
430, 723
211,0*2
715,
55,
194,
465,
324,
J9,0J4
15,876 ] 30,
ow,
f>, 842
7,216
6.9(i9 I 9,
5:3,012
40,2")3 113,
ilt-,02,1 S 132, 111 14d,iM I 145,641 172,
490
209
47
483
195
50
56
182
493
207
48
58
180
0.711
.171
. 076
.890
.075
4.14
. 018
. 288
.311
.064
258
0. 807
. 195
. 079
.945
.084
4. 65
. 055
. 333
. 349
. 074
.288
0. 794
. 192
.080
.943
.082
4.50
. 054
.327
.339
. 072
.269
418
167
43
52
156
136
0.861
.207
.082
.965
.087
4.66
.058
.354
. 350
.078
.273
465
194
45
54
172
0. 861
.207
.085
.976
.089
4.67
.058
.354
.350
. 078
.278
504
215
50
58
181
0.920
. 223
.086
1. 012
.101
5.15
.063
.382
.383
.084
.304
548
217
56
67
208
133
0. 758
.217
.086
1. 006
. 096
5.12
.061
.373
.384
.082
.307
1,015
15
752
248
648, 073
26,862
196,816
424, 395
224,676
19,925
7, 765
51,121
145,865
472
202
43
53
174
471
203
45
54
169
0. 335
.220
. 086
.995
.095
5.05
.062
.376
. 380
.083
.301
0.336
.229
.085
.992
. 096
5.03
.065
.389
.379
.086
.298
t Revised. For earlier data see pp. 18, 20 of the July 1933 issue, insurance written end admitted assets; and p. 18 of the June 1933 issue, premium collections
« Revised.
& Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the Mar. 1934 issue.
# Par values of foreign currencies as given on pp. 86-87 of 1932 annual supplement wore chunked with the reduction in gold content of the United States dollar.
32
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
SURVEY OF CURRENT BUSINESS
j 1934
I
'
j ,Vr i d I L,a
j
March j April j May
I Jane
i July
Mav 1934
1933
1934
I
Decem- January FebruI August Septem-1 October j November
ber
her I
FIN AN CE—Continued
MONETARY STATISTICS—Continued
Foreign Exchange Bates—Continued,
Netherlands
dol. per florin..
0. 673
Spain
.--dol. per peseta..
.136
. 263
Sweden
dol. per krona..
.802
Uruguay
dol. per peso..
Qold and money:
Gold:
7, 602
Monetary stocks, U.S
..mills, of dol...
Movement, foreign:
-837
Net release from earmark...thous. of dol__
44
Exports
thous. of dol._
Imports
thous. of dol__ 237,612
Net gold imports, including gold released
from earmark#*
thous. of doL. 236, 631
Production, Rand
fine ounces... 874,112
Receipts at mint, domestic
fine ounces... 93, 222
5, 368
Money in circulation, total
mills, of dol...
Silver:
665
Exports
thous. of dol._
1, 823
Imports
thous. of doL.
.459
Price at New York
dol per fine oz._
Production, estimated, world (85 percent of
total)
thous. of fine oz__ 11,713
1,085
Canada
_..thous. of fine oz._
Mexico
thous. of fine oz__
6, 000
United States
thous. of fine oz_.
2, 791
Stocks, end of month:
United States
..thous. of fine oz._ 10, 645
2, 141
Canada
thous. of fine oz_.
NET CORPORATION PROFITS
(Quarterly)
Profits, total
mills, of doL.
Industrial and mercantile, total
mills, of dol_.
Autos, parts and accessories...mills, of doL.
Foods
mills, of doL.
Metals and mining
mills, of doL.
Machinery
mills, of doL.
Oil
mills, of doL.
Steel and railroad equipment
mills, of doL.
Miscellaneous._.
mills, of dol —
Public utilities.
mills, of dol—
Railroads, class I
mills, of dol..
Telephones
mills, of dol..
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of month
mills, of dol_. I 26, 158
Expenditures, chargeable to ordinary
receipts
thous. of dol— i 173, 784
Receipts, ordinary, total
thous. of dol —I' 434, 555
Customs
thous. of doL.. j 23. 122
Internal revenue, total
thous. of dol... j 390,353
Income tax
thous. of dol— j 228, 526
Reconstruction Finance Corporation loans outstanding, end of month:* §
Grand total
thous. of dol... 12,665,801
Total section 5 as amended..-thous. of doL. 11,509,691
Bank and trust companies including
receivers
thous. of doL.
Building and loan associations
thous. of dol.. 55,851
Insurance companies
thous. of dol.. 5!, 700
Mortgage loan companies.... thous. of doL. 161, 57 i
Railroads, including receivers
thous. of dol — 315, 181
All other under section 5..—thous. of doL. 238, 003
Total emergency relief and construction act
as amended
thous. of dol — 556, 223
Self-liquidating projects
thous. of dol— 80, 195
Financing of exports of agricultural surpluses..
thous. of dol— 11,073
Financing of agricultural commodities,
and livestock
thous. of dol— 105, 953
Amounts made available for relief and
work relief
thous. of dol_. 299, 003
Total bank conservation act as amended
thous. of doL. 51*1,048
Agricultural adjustment act of 1933
thous. of dol—
CAPITAL ISSUES
Total, all issues (Commercial and Financial
Chronicle)
thous. of d o l - 14n, 879
Domestic, total
thous. of dol — 116, 879
0
Foreign, total
thous. of doL.
Corporate, total
thous. of dol — 26, 340
4, 609
Industrial-_
thous. of dol—
0
Investment trusts
.thous. of dol—
0
Land, buildings, etc
thous. of dol—
0
Long-term issues
thous. of dol —
Apartments and hotels...thous of dol .
Office and commercial...thous of dol
Public utilities
thou> of del
Railroads..
._
thous of c ol
Miscellaneous
thous of d '1
Farm loan bank issues
thous of dol
Municipal, States, etc
thous of dol
s
0.404
.084
.182
.474
0.420
.089
.188
.478
0.470
.100
.202
.532
0.490
.104
.213
.560
0.562
.117
.240
.651
0.554
.115
.232
0.599
.124
.241
.702
0.600
.124
.241
.708
0.646
.131
.266
.763
0.629
.128
746
4, 260
4,301
4,313
4,317
4,319
4,323
4,327
4,324
4,323
-100,092
28, 123
14,948
33, 701
16, 741
6,769
22,114
22, 925
1,785
3,545
4,380
1,136
84, 471
85, 375
1,496
79, 467
81, 473
1,085
49,305
58, 281
1,544
26,867
34, 046
1,696
600
2,957
1,894
-113,287
946, 863
187,694
23, 729
895, 097
120, 461
6,137
975
944, 604
114,017
5,876
289
1,693
.279
193
1,520
.307
235
5,275
.341
343
15,472
.357
2,572
5,386
.376
7,015
11, 602
.361
3,321
3,490
.384
2,281
4,106
.382
464
4,080
.430
590
4,977
.436
11,656
1,309
6,436
2,574
9,003
1,015
4,628
1, 907
9,772
1,014
5,197
1,933
8,726
644
5,067
1,465
10, 226
1,227
5,738
1,552
10,917
1,747
5,920
1,489
9,676
1,618
4,324
1,918
12,019
1,638
6,661
1,781
11,317
1,474
6,033
1,863
10, 083
1,131
5, 391
1,562
7, 060
1,859
8,261
1,831
8,568
1,707
6,583
1,690
8,215
2,028
3, 665
2,340
3, 537
1,862
5,669
1,909
5,638
1,744
5, 274
1,758
23,050
23, 534
23, 814
123.8
-921
301
592
918,633 923,671 934,714
64,445
99, 581 86, 265
5, 742
5, 675 5,616
423.3
77.2
50. 1
25.8
2.1
** 0.1
128.9
42.5
26.2
7.6
1.
17.8
I
25.4
65.6
119.:
21,441
21,853
282, 368 352,464 270,053
283,186 130,552 167,152
17,444
17,400
20,515
49 A(KA
80 OfiO
242,
464 89,
062 I U 4 754
176, 259 19, 500 15^ 688
22,539 | 22,610
12, 205
4,715
1, 947
m
7, 137
68, 654
51
452, 622
859
3,593
.442
734
2, 128
. 452
11,361 « 10, 494
1, 368
1, 351
6, 000 a0 5,413
2, 025
1,903
7, 275
2, 055
8,919
2, 389
25, 068
26, 052
37.7
60.0
186.2
48.2
47.1
21,362 i
4,323 ™ 4, 323
11,780
10,815
1,687
0. 660
. 133
. 260
. 788
-463
2,652
-7.442 - 5 , 483
9, 438 521, 225
894,156 907, 641 * 826, 363
901, 799
105,985 155, 532 162, 280 184, 622 116,543 « 68, 845
5,656
5,681
5.632
5, 339
5r669
5,811
309.1
*10.2
<*15.0
0.636 I
.130
.260 I
.758 !
23,099
411,352 203,150 181,926
306,162 179,011 197, 533
22, 943 25,081
32, 690
251, 601 131,116 163,158
146, 575 11, 983 14, 091
23,051
258,327
333,252
33,793
318,986
134,343
404, 458 216,860
272, 747 219,493
31,938
26, 565
164,148 135, 707
10, 348 17, 783
196,041
189,014
229,118 3,024,210
23, 275
26, 306
174,036
182,405
24, 803
15, 850
262,088
341, 776
24, 994
302, 432
128, 286
,597,590 1,674,876 1,823,882 1,852,903 i 1,855,242 1,864,817 1,852,456 1,829,663 1,962,402 12,255,025 2,533,566 |2,
,361,577 1,384,232 1,473,600 11,478,490 '.1,461,563 1,458,184 1,432,249 1,398,176 1,451,067 1,550,110 1.601,786 ll,
1
i
691, 385 686, 867 736, 926 673, 821 672, 003 689,180 682, 318 666,463 689,391 711,425 710,685 j
790
667
86, 475 84, 832 83,586
68, 534 66,237
81,891
80,139 ! 78,055
75, 604 72,192
72, 259 72, 48i 73,779 I 70,098 68,022 I 88,241
65. 050 60,930
67,793 I 67,596
113,353 110, 300 110,257 I 155,508 I 155,094 j158, 357 158,199 I 157,101 160, 612 177,845
I
310,921 323,196 I 340,856 ! 354,061 j 331,290 ! 331,102 331,755 i 330,157 333, 423 337,080
87,182 106,550 j128,192 I 143,107 I 155,010 j 133,245 j 116,575 ! 104, 367 I 134,057 190,773
i
!
223, 261 270,313
I 342,037 i 347, 315 I 353,813 362,135 I 397,938 433, 937
324,800 i 330,950
41, 801 I 48,540 56, 038 i 60,020 63,451
20, 684 25,126
27,231 ! 30,134 j 37,972 \
3,402 ! 3,687
3,912 ! 4,498
6,895
\ 1,498 ;
I
2,571
; 2,445
64,576
2,920
3,170
2,724 I 2,742
\ 34,405
3,195 i
209,193 j 299,015 299,015 I 299,015 299,015
201, 376 i 242,743 294,846 j 298,075
! 299,373 :
i
59, 320 I 63,096 66, 052 ! 110,097 264,189
12, 750 \ 20,333 25,483 I 43,464
I 51,643 j
3,300 i 3,300 I 3,300
63,617 !
I 57, 3*3 j
j 180.497 j
141
249
610
I 340, 726 I
I 248,878 I
205
JS3
19,316
45, 388
43, 788
19,316
1,600
0
5,418
35, 541
3,270
2, 600
0 i
0
0
0
0I
0
(J
0
0
0
28. iCl
2,li*
0
4.77S
0
0
0
0
13, 677
9,817
59,643 ! 222, 644 j 161,990
59, 643 !162, 644 I 161,857
133
0 ! 60, 000 i
95, 955
15,634 j 60,
9,043 ! 15, 415 I 86, 730
0 I 1,089
0 i
0
0I
0i
0
0!
01
0
0 1
01
0
000 ! 7,000
6,591 I
963 ! 1,001
0I
0I
0;
75
0 1 35,000
0 i
266
i
102,
31,
035
44,009 !
81
52, 901
52, 901
0
14, 050
14,050
0
0
0
0
0
0
0
0
0
38,852
94,176
94,176
0
26, 765
22, 903
0
0
0
0
0
0
3,862
0
30, 000
37,411
59,363 i
59,363 I
0
3,109
3.109 I
0 I
0 !
0:
0 !
si
74, 566
74, 566
0
16,150
15, 351
0
0
0
0
0
550
0
250
14, 250
44,166
I
514,519 j 538, 204
220
71,746
9,063 ;
076
! 134,695 I
896
I 299,015 \
299, 011
I 410, 472 j
465, 130
90, 243
90, 243
0
7, 483
5, 983
()
0
S6, 984
86, 984
0
15,366
3, 366
0
0
0
0
0
12,00()
0
0
8, 900
62, 718
I
28, 000 j
0 l!
54, 759 i
83;
0
56,254
* N e w series superseding old series which c( \ered the p h \ s i c i l movement only. For earlier data see p. 20 of December 1932 issues, net gold imports, and p 20 of the
n
August 1933 issue. Reconstruction t I U ' K ^ > MM n > 1 ^ Phi e u ' u l e - . the a m o u n t outstanding of $435,914,726 on Jan. 31, $478,243,891 "on F e b . 28, and $486,686,553
on Mar. 31. representing p a y m e n t s m i le 10 ^ its b \ tbo K I < UIK'CI the Emergency Relief Act of 1933 upon certification of grants b y the Federal Emergency Relief
rf
Administrator.
* R<>vi v ('
# Or exports ( — ).
=deficit.
* Differs from Federal Reserve B o i r d jigure, Mnce $8,900,000decided for export on Feb. 28 was not actually taken from Federal Reserve B a n k of New York until
M a r . 1,1933.
1
This figure includes $2,808,221,US m 1 o} . u i n . n d ^ J J ^ J _">2in \F t ( h 1934 which represents the incrementresulting from the reduction in the weight of the gold dollar.
m
Decision of Treasury and Federal Reserve to on.it irold com from circulation figures as of Jan. 31, at which time it was carried as $287,000,000, is not reflected in the
J a n u a r y total which is the daily average figure for the m o n t h . Lar r e mcrea e in F e b r u a r y total resulted from revaluation of the dollar to 59.06 percent of former gold content.
33
SURVEY OF CURRENT BUSINESS
May 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
1934
1933
March
March
April
May-
July
June
DecemOctober NovemAugust September
ber
ber
January
February
FINANCE—Continued
CAPITAL ISSUES—Continued
Total, all issues—Continued.
Purpose of issue:
New capital, total
.thous. of dol—
Domestic, total.
thous. of dol._
Corporate
_.
..thous. of dol..
Farm loan bank issues thous. of dol—
Municipal, State, etc
thous. of dol_.
Foreign... _.
....
thous. of dol
Refunding, total
thous. of dol..
Corporate
...thous. of dol_.
Type of security, all issues:
Bonds and notes, total
.thous. of dol._
Corporate. . .
. . thous. of dol
Stocks
thous. of dol—
State and municipals (Bond Buyer):
Permanent (long term)
thous. of dol..
Temporary (short term)
..thous. of dol—
SECURITY MARKETS
B o n d s
Prices:
All listed bonds, avg. price (N.Y.S.E.)
dollars..
Domestic issues
dollars..
Foreign issues
dollars..
Domestic (Dow-Jones) (40)
percent of par 4% bond..
Industrials (10). .percent of par 4% bondPublic utilities (10)
percent of par 4% bondRails, high grade (10)
percent of par 4% bond..
Rails, second grade (10)
percent of par 4% bond—
Domesticf (Standard Statistics) (60).dollars..
U.S. Government (Standard Statistics)*
dollars—
Foreign (N.Y. Trust) (40)...percent of par..
Sales on New York Stock Exchange:
Total
thous. of dol. par value
Liberty-Treas
thous. of dol. par value..
Value, issues listed on N.Y.S.E.'
Par, all issues
mills, of dol—
Domestic issues
..mills, of dol—
Foreign issues
..mills, of dol—
Market value, all issues
..mills, of dol—
Domestic issues
mills, of dol—
Foreign issues
mills, of dol _
Yields:
Domestic f (Standard Statistics) (60) .percentIndustrials (15)
percent. .
Municipals (15)t
percent..
Public utilities (15)
..percentRailroads (15)
percent—
Domestic, municipals (Bond Buyer) (20)
percent—
Domestic, U.S. Government:
Treasury bonds (3 long term)...,percent—
Treasury notes and certificates (3-6
months).
percent..
Cash Dividend a n d Interest Payments
a n d Rates
Total (Journal of Commerce)
thous. of dol—
Dividend payments
thous. of dol—
Industrial and miscellaneous
thous. of dol—
Railroads, steam
thous. of dol._
Railways, street
thous. of dol—
Interest payments.
thous. of dol—
Dividend payments (N,Y. Times)
thous. of dol—
Industrial and miscellaneous—thous. of dol_.
Railroad
thous. of doL.
Dividend payments and rates (Moody's);
Dividend payments, annual payments at
current rate (600 companies)-.mills. of dol—
Number of shares, adjusted
millions..
Dividend rate per share, weighted average
(600).
dollarsBanks (21)
dollars—
Industrials (492)...
dollars .
Insurance (21)
dollars..
Public utilities (30)
dollars..
Railroads (36)
dollars..
Stocks
Prices:
Dow-Jones:
Industrials (30) «
Public utilities (20)
Railroads (20)
New York Times (50)
Industrials (25)
Railroads (25)
Standard Statistics (421) . .
Industrials (351).
Public utilities (37)
Railroads (33)
_
OlaDQaFQ DlallollUS.
Banks,
N.Y. (20)
Fire insurance
(20)
» Revised.
dol. per share
dol. per sharedol. per share .
dol. per sharedol. per share..
dol. per share
.
1926=100
1926=1001926=100
..1926=100-
a
45,600
45,600
14,050
98,066
117,083
116, 950
52, 760
35,000
29,190
112,496
48,296
44, 907
43,061
7,302
56, 559 213,592
12,550 51,326
3,084
9,052
79,096
13,061
82,894
38,852
63,814
63,814
8,911
18,000
36,903
58, 702
58, 702
3,109
88, 257
88, 257
6,511
57,000
57,000
15, 601
55, 592
81, 746
41, 399
2,022
17, 566
0
83, 843
24,928
24,928
17,335
43,802
43,802
3,584
110,148
110,148
12,082
7,593
40, 218
20,460
18,207
15,841
12,050
13,677
5,418
5,418
44, 453
34, 607
45, 573
92, 719
58,579
172, 948
89. 15
91. 09
80.89
74.51
78. 58
58.59
76. 57
80.07
62.86
80.79
84.73
65.31
82.97
86.84
67.77
84.43
88.03
70.26
84.63
87.91
71.34
83.00
85.82
71.54
82.33
84.70
72.85
81.36
82.98
74.67
83. 34
85.11
75.90
86. 84
88. 77
78. 65
88.27
90.12
80. 43
79. 73
72.34
42.01
39.88
41.35
42.32
50.64
51.57
67.67
58.92
73.00
62.85
72.67
62.02
69.58
59.79
66. 99
56.50
62.14
53.51
65. 46
56. 53
71. 89
63. 83
77.85
69. 64
81.98
64.99
64.62
69.09
74.60
79.63
79.47
76.57
75.83
70.37
71.85
75.64
80.18
97.46
77.23
73.62
80.35
84.35
88.95
89.95
85.74
85.47
79.22
83.07
89. 05
95. 19
71.97
95.1
23.92
76.7
22.71
75.4
30.60
82.0
59.23
86.8
66.32
89.6
65.72
89.9
62.34
87.9
58. 38
86.5
52.77
82.6
57.28
83.6
64.41
88.3
71.22
92.9
103. 74
66.78
101.09
53.55
102.00
55.52
102. 91
56.47
103. 54
57.11
103. 62
59.50
103.40
58.95
103. 51
57.97
103. 51
58. 78
101.39
61.53
100.95
61. 47
101.43
67. 73
102. 74
70. 22
324, 464
47, 980
193,181
55,176
216, 818 234, 296 231, 520 296, 989 267, 259 413, 391
15, 597 33,886
70, 264
34, 678 93, 536 41,865
373, 852
23, 606
41, 727
33, 771
7, 955
37, 198
30, 764
6,435
41,006
32,666
8, 340
30,554
25, 668
4,887
40, 948
32, 624
8,324
31,354
26,121
5,233
40,844
32, 553
8,291
32,998
27,583
5,415
40,878
32, 593
8,285
33,917
28, 303
5,615
40,812
32, 538
8,274
34,458
28, 645
5,813
41, 613
33, 376
8,237
35,218
29,342
5,877
41, 581
33,370
8,212
34,514
28,639
5,875
40,875
32, 680
8,195
33, 651
27, 681
5,970
42, 010
33, 821
8,189
34,180
28, 065
6,115
41, 829
33,815
8,014
34, 861
28, 778
6,083
41,761
33, 792
7, 969
36, 264
29, 996
6,268
41,737
33. 775
7, 962
36, 843
30, 440
6, 403
4.74
5.51
4.24
4. (35
4.56
6.25
8.14
4.88
5.54
6.45
6.38
8.27
5.05
5.63
6.56
5.78
6.94
5.27
5.26
5. 63
5.37
6.39
4.71
5.03
5.34
5.15
6.16
4.60
4.86
4.97
5.12
6.14
4.54
4.84
4.95
5.28
6.30
4.59
5.01
5.23
5.39
6.49
4.60
5.12
5.35
5.72
6.73
4.89
5.41
5.86
5.63
6. 68
4.89
5.40
5.54
5. 25
6.17
4.67
5.08
5.07
4.90
5.70
4.48
4.75
4.66
4.56
5.24
5.69
5.35
5.09
5.00
198
4.94
5.01
5.52
5.48
4. 89
4.74
3.42
3.58
3.55
3.47
3.40
3.38
3.40
3.40
3.42
3.60
3.64
3.62
3.49
.01
1.34
.45
.29
.07
.19
.01
.04
.09
.22
.29
.25
.08
406, 867 *147, 569
139, 600 *128, 250
561,279
136,850
428,449
153,884
571,529
134,350
763,219
205,900
349,620
101,800
391, 589
90, 700
645, 205 412,855 566, 059 891, 926
180,150 109, 950 115,600 301, 260
403, 348
152, 750
111,
15,
1,
267,
96,409
11,500
2,600
424,429
144,400 115,800
1,425
2,950
2,674
3,000
274, 565 437,179
158,200 88,100
16, 500
4,900
3,000
2,700
557,319 247,820
70,100
6,800
129, 750 98, 500 99,100 247, 300
18, 200
2,000
5, 700 26, 960
700
4,300
2,300
3, 975
300, 889 465, 055 302, 905 450, 459 590, 680
129,300
13, 600
1,700
250, 598
116,211
105,160
11,051
211,432
197,493
13,939
164, 629
158,577
6,052
212,413
188,244
24, 169
97, 276
97, 276
13, 770
3,000
80, 506
0
49, 603
12, 569
142, 270
26, 340
4,609
16,517
16, 517
3,170
0
* 13, 347
0
2,829
2,248
a
200 102,200
600 a 12, 700
200
° 1, 000
267 •••289,319
0
0
935
0
0
162, 468
158, 000
4,468
1, 079. 8
929. 04
1,024. 9 1,006.2
922. 56 923.32
0
133
0
31, 550
0
0
0
14,050
344,050 323,139
23, 583 20,498
130,607 218,591 211,890
124, 823 199, 362 191, 066
5,784
19,229 20,824
79,121
79,121
13, 058
7, 000
59, 063
550
42, 467
1,500
7,863
2,308
58,965
16,150
15, 601
84, 260
1, 500
5,983
85, 926
15, 366
1,058
a
90, 391 124, 941 °302, 474 "157,611
53,830
21, 376 74,979 « 86,175
77, 566
25, 395
0
0
30,362
17,854
0
662
0
85, 265
17, 854
8,911
56, 254
3,109
3,109
53, 925 ° 99, 905 « 37, 831 110,885 « 52,191
105, 037 210, 783 13,916
16,858 43,006
269, 585 350,626
61,000 38,367
177, 807
172,416
o, 391
0
47, 775
47, 775
5, 983
5,000
36, 792
a
0
0
75
6,436
0
0
0
500
123, 492 259, 518 191,995 201,854
117,263 243, 742 165, 023 174, 709
6,229
15, 776 26, 972 27, 145
976.0
923. 36
965.4
923. 29
972.4
923.63
970.6
923. 84
978.8
923. 78
978.2
923. 80
1, 017. 8 1, 023. 4 1,038.7
926.13 926. 13 926. 42
0
1,063.4
926. 87
1. 16
3. 58
. 90
1.69
2. 06
.98
1.11
4.36
1.09
4.32
1.06
4.32
1.05
3.99
1.05
3.99
1.05
3.99
1.06
3.99
1.06
3.99
1.10
3.55
1.11
3.61
1.12
3. 58
1.15
3.58
1.76
2.25
1.66
2.19
1.66
2.19
1.66
2.19
1.66
2.19
1.66
2.15
1.66
2.11
1.66
2.07
1.67
2.07
1.67
2.06
1.07
2.06
.90
.91
1.66
2.07
102.1
26.4
48.1
90.06
141. 30
38.83
77.1
84.9
76 1
47.6
57.6
21.8
27.4
53.17
85.07
21.27
43.2
41.6
67.0
25.6
100.3
27.9
47.2
86.46
135.45
37.49
74.8
80.7
80.1
47.2
92 8
24.9
38.9
79.54
127.86
31.23
69.5
75.5
75.0
40.3
96.4
23.7
38.6
82.87
134. 22
31.52
69.1
76.7
70.0
38.4
99.3
23.2
40.5
85. 18
137. 27
33.12
70.4
78.8
67.3
40.3
102.7
25.2
44.9
88.21
140. 48
35.95
75.6
84.0
73.2
45.5
107.3
28.4
50.8
94. 35
147. 91
40.79
80.5
88.4
80.6
50.0
.78
.86
.77
.86
65.0
21.6
27.4
60.09
97.20
22.97
47.5
48.8
63.5
26.3
.72
.86
81.6
27.7
37.6
74.59
118. 40
30.79
62.9
65.3
79.2
37.5
.72
.86
94.1
34.1
44.2
85.26
134.53
36.01
74.9
77.3
96.9
44.0
47.2
53.1
56.7
49.2
60.7
1926=100..
62.8
1926=100—
38.1
37.8
50.4
55.7
t Revised series. For earlier data see p. 19 of the April 1933 issue.
.73
.86
100.4
34.7
51.7
88.46
135.84
41.09
80.4
83.5
97.5
52.6
.73
.90
98.4
30.8
49.6
88.24
135.86
40.63
75.1
78.8
87 1
49.4
.75
.76
.82
.91
.83
.91
.85
.98
42.4
51.6
60.9
58.3
47.1
42.5
50.7
60.0
58.2
56.6
53.6
51.8
49. 9
57. 5
* New series. See p. 20 of the June 1933 issue for earlier data.
.88
.98
57.8
64.2
34
SURVEY OF CURRENT BUSINESS
May 1934
1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
July
1934
February
August
FINANCE—Continued
SECURITY
MARKETS-Continued
Stocks—Continued
Sales, N.Y.S.E
. . . thous. of shares..
Values, and shares listed, N.Y.S.E.:
Market value all listed shares-..mills. of doL,
Number of shares listed
millions..
Yields:
Common, Standard Statistics (90)..percent,.
Industrials (50)
.percent..
Public utilities (20)
percent..
Railroads (20)
percent..
Preferred, Standard Statistics:
Industrials, high grade (20).
percent..
Stockholders (Common Stock)
29,916
20, 089
52,901
104, 229
125, 627
120,300
42, 466
43, 319
39, 379
33, 646
34, 878
54, 567
56, 834
36, 700
1,294
19, 915
1,293
26,815
1,294
32, 473
1,294
36, 349
1,285
32, 762
1,281
36, 670
1,290
32, 730
1,293
30,118
1, 293
32, 542
1,295
33, 095
1,293
37, 365
1, 293
36, 658
1,293
3.33
3.00
5.50
2.32
6.30
6.25
6.82
5.22
5.58
5.24
6.83
H2
3.99
3.67
5.18
3.59
3.27
3.02
4.12
3.06
3.02
2.76
4.09
2.58
3.25
2.93
4.78
2.73
3.37
2.96
5.48
2.93
3.59
3.25
5.61
2.51
3.65
3.26
6.13
2.62
3.59
3.21
6.24
2.48
3.36
3.04
5.59
2.25
3.10
2.81
4.94
2.18
7.32
6.78
6.22
6.20
6.26
6.38
6.51
6.30
6. 01
5. 96
7.52
6.38
American Tel. & Tel. Co., total... ..number..
Foreign
__ _.
number
7, 554
7, 563 700,212
671,052
Pennsylvania Railroad Co , total. ..number
235 809 248,688
Foreign
number. _ 3,174
3,310
U.S. Steel Corporation, total
number
186 612 193,140
Foreign..
number
3,192
3, 770
Shares held by brokers
percent of total
19 01
16. 07
6.50
682, 299
7 fi'2Q
7 5 6 4 ••
690,
8813
244,295 1
3,279 i
187,477
3,151
i
'
1
24f). 237
3,234 . .
186 105
3,171
17 Hi
..
( 680.7 418
454
' 238 876
3. 208
187 Q7K
1
j
IK fifi
i
3 450
18 80
FOREIGN TRADE
INDEXES
Value:
I
Exports, unadjusted
1923-25= 100. J
Exports, adjusted for seasonal__1923-25 = 100..J
Imports, unadjusted
1923-25 = 100..;
Imports, adjusted for seasonal..1923-25=100. _|
Quantity, exports:
i
Total agricultural products
1910-14 = 100..;
Total, excluding cotton
1910-14 = 100..!
VALUE §
I
Exports, incl. re-exports
thous. of dol__;
By grand divisions and countries:
!
Africa
thous. of dol.J
Asia and Oceania
thous. of dol.J
Japan
thous. of dol.J
Europe.
thous. of dol...
France
thous. of dol...
Germany.
thous. of dol..'
Italy
thous. of dol..
United Kingdom
thous. of doL.
North America, northern
thous. of dol-J
Canada
thous. of doL_,
North America, southern
thous. of doL.
Mexico
_.
thous. of dol..South America
thous. of dol.J
Argentina
....thous. of dol.J
Brazil
...thous. of dol..
Chile
...thous. of dol_.
By economic classes:
Exports, domestic
thous. of dol..|
Crude materials
thous. of dol.J
Raw cotton
mills, of dol.J
Foodstuffs, total
thous. of dol.. :
Foodstuffs, crude
thous. of dol_.i
Foodstuffs, manufactured._thous. of dol.J
Fruits and preparations...mills, of dol-.i
Meats and fats
mills, of dol-.'
Wheat and
flour
mills, of dol.J
Manufactures, semithous. of dol.J
Manufactures, finished thous. of dol.J
Autos and parts
mills, of dol.J
Gasoline
mills, of dol...
Machinery
_ .mills, of doL.
Imports, total #
thous. of dol..
By grand divisions and countries:
Africa
thous. of doL.
Asia and Oceania
thous. of dol..'
Japan
thous. of dol..
Europe
thous. of dol—'
France
thous. of dol-.j
Germany,.
thous. of dol j
Italy
__.
thous. of dol.J
United Kingdom
thous. of dol.J
North America, northern
thous. of doL.j
Canada
thous. of dol.J
North America, southern
thous. of dol__
Mexico
thous. of dol—j
South America
-thous. of dol.J
Argentina
thous. of dol.j
Brazil
...thous. of dol.-i
Chile
....thous. of dol.J
By economic classes:
i
Crude materials
thous. of doL.
Foodstuffs, crude
thous. of doL.
Foodstuffs, manufactured—thous. of dol..
Manufactures, semi-...
thous. of dol._
Manufactures, finished
thous. of dol..
50
50
49
44
28
29
27
25
75
67
59 !
51 !
190, 000
4,785
48, 892
11,453
45, 753
5,611
7, 195
3,613
11,357
18, 208
17, 929
10, 768
3,922
24, 620
3, 365
9,436
2,631
44, 862
26, 108
22, 482
29, 728
29, 847
30
32
33
32
|
j
j
.
71 !
47 !
32
36
38
40
3,431 !
17, 823 i
6,406 I
52,223 i
8,164 I
8, 977 i
3,101 j
18, 235 I
13,418 j
13,159
10, 384
2,852
7, 784 I
2, 535 i
2, 320 I
297 I
i
!
;
I
38
43 !
44 !
48 I
72 |
45 i
108, 032 105,219 | 114,243 j 119,8
2,632
22, 684
9,614
50,321
7,955
7,035
3,986
17,645
14,200
13,841
10,621
2, 967
7, 573
1,873
1,912
375
187, 495
55, 276
34.7
20, 073
6. 139
13, 934
5.5
5. 9
3.2
31,382
80. 764
20.6
5.6
is.;-!
153, 027
!
I
I
i
50
42 !
40 !
45 S
48 I
51 i
42 |
47 I
97 |
57 i
120 i
77 I
144,197 i 131, 451 ! 160, 090 ! 193, 948
;
49 i
42
40
40 !
Ill I
79 I
51
48
41
42
i
!
I
!
109 |
93 !
45
44 j
42
42
43
47
41
42
93
SO
1S4, 256 | 192, 619 ( 172,174 j
4,166 ! 4,670
2,462
2, 727
3, 262 i 3, 744 i 4,535
35,050 ]! 37, 573
20, 630 20, 625 I 30,127 j 24,446 ! 32,120
16,825
8,267 ! 7, 720 | 15,046 j 10,157 1 15,599
17, 056
56,883 i 58,820 i 68,081
62, 710 | 81,857 108,811 ; 94, 864
8,077 ! 8,178 j 8,516 ! 8,476 ' 12,340 ! 17,041 ! 14, 082
11,415 I 10, 235 | 11,349 i 9,038 | 13,685 I 17,821 : 16, 929
4, 558 ! 4,329 | 4,741 | 3, 596 i 7,221 ! 8,537 i 5,934
18,787 ! 22, 233 ! 24,787 ! 24,686 j 28,489 i 39,533 ! 33,564
16, 730 ! 18,421 I 21,300 | 20, 768 21,461 ! 22,502 , 23,251
16, 433 ' 18,069 I 20,927 ! 20,301 ! 20.978 ! 22,150 ! 22, 709
10, 364 I 10, 636 !! 11,723 i 10,894 | 9,473 I 11,181 i 11,648
3, 524 I 3, 315 i 3,324 ! 3,499 i 3,685
3, 274 ! 2,821
7,175 j 8, 580 i 9, 704 J 8, 890 ! 10,643 | 12,237 | 12, 249
2,350 ' 2. 756 ; 3,414
2,897 i 3,588 ! 4,141 I 4,559
1,813 j 1,647 i 2,327 ; 2,089 I 2,650 ! 3,194 i 2,862
456 J
458 |
373 ;
491
518
338 ;
656 I
5,900
40, 877
18, 258
102,185
12, 129
13, 577
6,728
43, 878
18,896
18,511
11,795
3, 458
12,966
i 3. 324
\ 3, 626
[
777
3,940 I
35,903 !
16,763 i
90, 030 i
13,200 !
15,728 !
5,754 j
32,244 I
19,096 i
18,812 |
12,342 1
4,136 I
10,864 i
2,942 i
2,938 j
545 I
162, 805
4,999
34,229
14,926
82,182
10,935
13,820
6, 291
27,962
19,879
19. 602
11,788
3.764
9, 728
2, 83b
593
[
106, 310 103,106 !l 111,883 i 117,533 i 141,661 !129,292 157,461 !191,721 ,181,291 I 189, 789 169,531 | 159,671
34,977 40, 257 i 51,509 ! 41,968 ! 63,571 ! 82,545 • 71,298 [ 73,070
60,402 ;
29,359 I 28,621
54, 218
41. 5
29.3 ! 36.8 i 28.2 ! 45.3 : 54. 3 ! 48.8 I 44.3
37.7
18.1 ; 16.9 i 26.1
22,693 j
13,362 ! 15,383 i 16,886 i 18,700 i 23, 510 i 24,054 ! 24, 345
19. 569
13,397 I 11,310 I 13,044
7,294 i
2, 704 ! 3, 078 i 3, 062;' 3,398 j 5, 042 | 6,654 | 7, 465
6, 894
3,524 I 2,510 I 3,024
15,399 :
12. 675
9,873 ! 8, 800 ; 10, 020 10, 659 i 12, 305 ! 13,824 l 15,302 i 18,468 i 17,400 I 16, 880
4.3 •
5.6 . 6.8 S 11.0 I
8.4 ':
2.9 i
3.8
2.9 j
6.8
3.9 j
8.3
9.7 !
5.7 i
6.2
:
5.4 I
6.
1
i
4.0 i
4.9
5.5
5.4
4.4 1
6.7
5.9 ;
6.6 '
3.1 i
1.2 j
2.7
1.3 !
1. 5 ! 1.3 I
1.1 '
1.0
3.9
1.6 i
1.1 i
25,018 •'
18,181 ! 21, 359 ! 20, 465 i 21,261 I
24,456
16,507 j 15,292 : 17,644
24,186 j 28, 502
61,418 !
47,047 i 47,884 i 46, 218 45, 732 ! 53,410 j 49, 973 I 53,928 : 61,094 ! 61,753 | 63, 871
61,428
10.8
13.2
8.1 \
8.6 I
6. 9 \ 7.4 j
7.4
7.0 j
8.3 ;
7.3 |
9.3
4.8
3.4 !
6.5 !
3.9 I
3.9 :
4.3
3.7
7 2 i
3.9;
4. 1
6.0 |
14.4 l
9.4 |
10.9
14. 6
9.3 j 10. 1
9.1
8.8 !
15.8
11.7 i 13.5 i KiO !
94,864 | 88,412 | 106, 903 122, 262 |142, 992 154,976 I 146,652 ;150,856 i 128,505 I 133,218 '128,734 »125, 011
1,631 !
28, 760 I
7, 527 |
28,192 i
3, 000 j
5,612 i
2,693 I
5, 796 !
10,123 i
10,055 i
11,490 I
3,046 '
14, 667 |
1, 257 i
7,056 !
194 !
!
23, 633
18,411
15,145
14, 751
22, 924
2,607 ! 3 179
2,542 !
2,780
3,914 ! 2,303! 2,764 | 2,587
47, 796 '.
47,'024 I 44,397 ! 45,603 ! 39,043 I 39, 479
44,714
36. 211
14,423 ! 14,099
9. 530
9, 114
14,217 ' 14,503 I 11,657 | 10, 375
43, 782 j 51,147 49,989 I 51,908 I 43,580 I 42, 273 37,303 I 44,765
4,491 I
7, 436
3, 825 I 5,410
5,664 i 5,116 i 5,626 ! 6,891
6,472
6, 075
7, 466 ! 8, 702
8,505 j 7, 667 I 6,604 I 6,877
2, 847
2, 852
3,518 ! 3,473
3,108 ! 3, 838 | 3,180 | 2,915
7, 997
12, 577 j 14,073 12,093 ! 15,253 ! 9,254 j 8,253
11, 033
19, 809 i 18, 024 20,493 I 20,071 ! 17,890 | 21, 799
17, 195
14, 343
19, 383 I 17, 666 19.979 i 19,618 ! 17,123 I 20,915
14,163
16, 397
11,541 | 11,128 10,989 ! 9,848 j 9,760
9,675
8,472
9,317
2,305
3, 295
2,859
1,873 ! 1, 766
2,824
2,461 ! 2,503
18,721
17, 704
17, 457 ! 24, 475 17,866 j 21,123 I 15,468
17, 406
2, 727
5,942 ' 3,415
4,539
2,379
4,037 ! 6,234
2,315
5,885
6,559 ' 8,085
7,826
8, 561
6,427 | 9,063
8,256
953
1,545
|
806
|
1,092
|
1,236
898
1,018
763 j
i
« 36, 894
36,233 « 35, 726
34,301 I 46.441 i 50,660 j 48,334 46,874 | 37,266
17,741 | 14, 854 18, 462
20, 997
18, 423
17, 775 ! 15,897 ! 19, 758 ; 16,846
15,744
«17, 299
23, 621
20,840
19, 083 I 22, 878 I 15, 644 | 14, 366 17,089
27, 813 j 31,021 | 35, 233 I 33,510 33,183 I 27, 841 27, 238 * 26, 415 « 22, 220
27,664 « 27, 334
27,602
23, 290 26, 755 j 33,681 ! 33, 596 35,969 ! 32,800
1,198 i
27,069 i
8,055 !
24,421 !
2, 207 i
4, 727 I
3,318
5, 095
11,140
11,078 |
11,678 j
2, 517 I
12, 906 i
827 I
6,105 !
409 I
1,208 j 2,243 !
31,751 ! 33,909 !
8, 462 i 11,467 I
30,805 j 41,174 !
2, 733 i 3,111
5,113 j 6, 800
3,282 i 3,720
8,010 ! 11,171
15,405 i 15, 716
14, 800 i 15, 263
12, 697 ! 10,931
3, 586 | 2,505
15, 036 i 18, 289
1, 320 ! 1,772
6,958 I 5,158
438 ! 3, 788
21,134
16, 557
16, 270
13,537
20, 914
24,920
19, 721
20, 303
18,337
23, 622
° Revised.
§ Data revised for 1932. See p. 34 of the March 1933 issue for most revisions. Other revisions for the year 1932 were shown on p. 34 of the April, May, December, 1933,
and January 1934 issues.
# Beginning with January 1934 all import data represent imports for consumption and are not comparable with earlier figures which consist of general imports. General
imports in March amounted to $158,000,000. See explanation on p. 9 of the March 1934 issue.
Mav
35
SURVEY OF CURRENT BUSINESS
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
1933
March
April
May
TRANSPORTATION
July
June
AND
1934
August Septem- October November
De c e m
b e r -1
January February
COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
thous. of dol—
Operating income
thous. of doL.
6,523
6,746
115
122
6,659
121
6,357
132
6,374
138
* 6,743
139
8.143
763, 031
45, 784
8.143
693, 493
47, 401
8.143
658,806
45,134
8.136
620, 424
42,913
8.136
637, 278
45,055
8.143
650, 745
44,225
51
44
27
24
76
50
65
8
54
53
53
29
22
99
53
63
17
52
56
47
33
30
81
51
68
21
60
56
52
33
28
99
54
66
14
57
2,505
2,128
«139
«67
"785
o 11
«793
681
362
244
397
17
86
177
82
803
16
926
619
314
237
318
15
83
148
66
661
31
805
553
281
204
60
54
44
36
83
46
67
32
64
60
63
44
34
95
54
67
18
61
2,265
362
20
100
147
62
654
44
876
454
242
148
46
70
62
67
65
75
63
39
82
55
70
34
64
3,109
561
33
134
225
75
832
110
1,139
393
216
117
63
61
74
61
35
53
56
69
53
57
2,503
494
27
109
118
66
680
137
872
398
237
106
67
60
33
57
53
68
59
57
3,205
625
35
123
156
101
842
184
1,138
380
223
106
119
93
691
111
968
385
228
111
'218,102
174,916
21,886
175, 724
» 10,815
224,877
180, 212
22, 920
173,296
19, 041
255, 256
207, 490
23,911
181,584
40, 693
018
242
242
453
292,147
235, 434
32, 014
199,416
60, 936
294,342
239, 603
29,835
204,694
57, 265
19, 357
1.009
997
19,831
1.012
1,088
21, 732
1.046
192
0
1,738
724
0
0
2,468
0
212
183
1,528
664
352
696
2, 289
588
245
542
1,630
783
835
3,490
6,438
129
Electric Street Railways
Fares, average (320 cities).
Passengers carried t--Operating revenues
___
cents.. 8.143 689, 427
thousands.. 790, 773 46,471
--thous. of dol—
Steam Railroads
Freight carloadings (F.R.B.):
63
Index, unadjusted
1923-25=100..
82
Coal
1923-25=100..
71
Coke
1923-25=10033
Forest products
1923-25=100..
63
Grain and products
1923-25=10040
Livestock
1923-25=10067
Merchandise, l.c.l
1923-25=10010
Ore
1923-25=10064
Miscellaneous
1923-25=10066
Index, adjusted
1923-25=10087
Coal
1923-25=10071
Coke
1923-25=10032
Forest products.1923-25=10075
Grain and products.
1923-25=10046
Livestock
1923-25=10066
Merchandise, l.c.l
1923-25=10041
Ore
1923-25=10067
Miscellaneous
1923-25=1003, 059
Total cars f_
_
thousands—
730
Coal.
-thousands—i
45
Coke
_
thousands..
118
Forest products
thousands..
148
Grain and products
thousands..
67
Livestock
—thousands..
828
Merchandise, l.c.l
thousands..
19
Ore
-thousands—
1,105
Miscellaneous
thousands..
357
Freight-car surplus, total
thousands. _.
210
Box
thousands. _|
93
Coal
thousands.Equipment, mfrs. (See Trans. Equip.)
Financial operations (class I railways):
Dividends paid. (See Finance.)
Operating revenues!-thous. of dol— 293,178
Freight!-..
—
-thous. of dol—
Passenger!
thous. of doL.
Operating expenses!
thous. of dol— 209,251
Net railway operating income!-.thous. of dol— 52,048
Operating results (class I roads):
Freight carried 1 mile
mills, of tons—jIteceipts per ton-mile—
cents—|Passengers carried 1 mile
millions..I|
Canals:
j
Cape Cod
-thous. of short tons..j
New York State
thous. of short tons—|
Panama, total
thous. of long tons—
U.S. vessels
-thous. of long tons..
St. Lawrence
thous. of short tons—
Sault Ste. Marie
-thous. of short tons—
Suez
..thous. of metric tons—
Welland
thous. of short tons.-
0
51
35
21
58
39
63
5
45
50
55
35
20
69
45
62
23
47
2, 355
"462
U70
278,311 293, 708
223, 236 240,172
30, 981
30,964
185, 325 194, 908
59, 483
64, 307
297,
241,
32,
202,
23, 712
1.036
1,495
26,460
.996
1,633
26,468
.999
1,717
26,130
1.006
1,716
26, 412
.990
1, 584
207
479
1,691
779
994
3,582
1,960
1,239
473
1,699
823
839
6,050
2,179
1,121
254
623
1,914
1,002
980
7,690
2,227
1,212
233
517
1,797
961
1,129
8,452
2,166
1,373
299
593
2,126
1,082
1,041
7,154
2, 394
1,353
257, 676 245 330
209, 912 191 667
24, 972 29,312
191, 824 187 0S1
37, 566 37 764
23, 762
23, 936 22 001
969
.965
961
1,223 j 1,491 1,346
Waterway Traffic
Rivers:
Allegheny
.-thous. of short
Mississippi (Government barges)
thous. of short
MononErahela
thous. of short
Ohio (Pittsburgh to Wheeling)
thous. of short
Ocean traffic:
Clearances, vessels in foreign trade
thous. of net
Foreign
thous. of net
United States
thous. of net
Shipbuilding. (See Trans. Equip.)
j
tons—j
!
tons—j
tons—j
|
tons—|
j
i
tons—i
tons.-!
tons.J
|
2,142
1,109
235
281
664
0
2,192
1,950
964
922
775
6
3, 022
172
2,477 ! 2, 405
1, 070 !
131
262
0
2,087
846
0
0
2, 455
0
112
0
2,124
979
0
0
2,035
0
i
133
115
168
283
291
234
219 |
82
1,427
701
82
776
113
1,022
110
1,397
133
1,561
115
1,339
119
812
97
429
788
357
456 !
827
732
851
600
4,717
3,123
1,594
4,528
2,861
1,667
5,515
3,530
1,985
5,991
3,779
2,212
6,363
4,059
2,304
5,661
3,631
2,031
3, 326
1,782
1, 544
576 !
5,129
3,259
1,870
201
97 i
1,075 i
659 i
5,349
3,392
1,957
158
106
65
1,387 I 1,277
78
705
5,074 i 4,509
3,160 i 2,841
1,914 1,668
« 70
531
4, 354
2,888
1,466
4,201
2,725
1,475
Travel
j
Airplane travel:
27, 318
Passengers carried*
n u m b e r - 22,045 •• 25,132 29, 557 38, 543 54, 247 61, 504 65,181 56, 830 50, 413 35, 667 j 26, 711 28,170
10, 783
12, 629
Passenger miles flown* thous. of miles.8,585 « 8,094
9,365
18,861
21,417
22, 798
21,515
19,356 ] 13, 492 I 10,411
10.432
Hotel business:
2.83
2.95
2.85
2.84
2.85
2.71
2.83
2.91
2.86
Average sale per occupied room
dollars2.93
2.97
54
58
51
52
Rooms occupied.
percent of t o t a l 47
51
57
45
57
53
48
Foreign travel:
15, 334
11,848
Arrivals, U.S. citizens.
number.. 20, 795 18, 414 18, 539 20, 029 18, 325 24, 453 43, 525 46,528 25, 675 13,179
11,979
13, 936
18.433
Departures, U.S. citizens
number— 14, 899 16, 682 16, 012 17, 727 22, 238 42,135 37, 626 27.137 23, 285 14,597
10, 707
2,907
2,077
2,304
5,256
4,409
10,414
5,120
4,002
3,784
Emigrants
number..
4,287
3,856
3,187
3,232
1,843
1,714
2,324
1,830
1,300
2,628
3,004
1,694
1,726
2,961
Immigrants
number..
1,393
2,324
,251
2
5,409
4,190
6,541
12, 323
9, 744 17,428
7,540
23, 563
Passports issued
number.5,913
4,790
6,480
4,601
3,922
« Revised.
f Revised series. For earlier data see p. 19 of the August 1933 issue, passengers carried, and p. 20 of the April 1934 issue, operating revenues, operating expenses, and
net railway operating income of class I railways.
t Data for March, April, July, September, December 1933, March 1934 are for 5 weeks; other months, 4 weeks.
• New series. Covers scheduled airlines operating in United States. See p. 20 of the February 1934 issue for earlier data.
36
SURVEY OF CUERENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey March
May 1934
1934
1933
March
April
May
June
July
August
ber
Decem- January
October November
ber
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION-Continued
Travel—Continued
National parks:
Visitors
_
Automobiles
Pullman Co.:
Passengers carried..
Revenues, total
_
_
;
number._| 81, 707
number..! 12,453
{
thousands..! 1,227
thous. of doL.L
440,728 441,795
117,750 117,261
182,954
49,109
75,140
19,933
44, 464
10,205
1,351
3,621
1,392
3,798
1,256
3,526
79,421
52,341
20,167
55,473
15, 954
14,399
79,356
52,294
20, 295
55,700
16, 383
14,368
78,615
52,668
19,206
55, 271
15,829
14,427
9,297
7,032
7,434
1,447
9,171
7,065
7,715
1,041
8,838
6,746
7,598
844
40,969
5,734
66,313
11,326
92,518
21,733
229,496
59,924
872
2,643
974
2,880
951
2,711
1,201
3,608
1,224
3,356
78, 925
54,615
18,155
57,387
14,254
14,779
78,053
54,116
17,442
55, 653
14,897
14, 676
80,797
54,706
19, 502
57,297
15,996
14,589
80, 704
54,104
19,832
56,193
16, 201
14,483
8,827
6,841
7, 055
1,375
7,992
6,133
6,655
938
9,169
6,952
6,945
1,817
9,557
7,289
7,790
1,309
43, 510
8,346
1,306
3,722
57, 526
9,344
1,054
2,749
36,120
7,761
1,333
3,552
80, 395
54, 250
19, 219
56, 209
16, 571
14,444
79, 242
53,830
18,421
56, 767
15,017
14, 448
80, 662
54, 229
19, 818
58, 777
15, 609
14, 449
81, 563
55, 012
19, 657
56, 803
16, 714
14,483
78, 533
53, 220
18, 341
54, 780
15, 799
14, 523
8,663
6,562
7,627
625
8,249
6,147
7,557
284
9,076
6,970
8,101
561
8,760
6,669
7,750
605
8,276
6,272
7,360
513
7,923
7,452
2,063
13, 502
12, 771
1,316
10, 781
12, 072
2,602
7,172
5,691
1,114
5,125
5,264
1,245
5,398
5,456
1,298
1,132
3,385
COMMUNICATIONS
Telephone (class A companies):
'
Operating revenues
thous. of doL.L
Station revenues
thous. of dol.-L
Tolls, message
thous. of dol--|Operating expenses
thous. of dol..;Operating income
thous. of doL.'..
Stations in service, end of mo
thousands
Telegraphs and cables:
Operating revenues..
thous. of doL.;_
Commercial telegraph tolls_..thous. of dol._; Operating expenses..
thous. of doL.j.
Operating income.
thous. of doLJ.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
thous. of wine gal.
Production
..thous. of wine gal-
3, 900
3,654
4,662
5,170
4, 818
4,147
3,682
4,915
4,890
5,099
2,230
2, 256
Stocks, end of month
thous. of wine gal
2,349
2,570
2,483
Ethyl:
j
9,012
10, 683 11, 684
8,229
Production
thous. of proof gaL..
9,149
Stocks, warehoused, end of month
j
19,186
20,382 22,230
16, 639
19,094
thous. of proof gal.. 1
Withdrawn for denaturing
8,654
6,071
7,013
8, 688
8,264
thous. of proof gal..i
Methanol, wood distilled:
!
Crude:
i
[
'271,844 181.192 "195,392 182, 498 '219,899
Production*!. _
gallons..!
'303, 468 «289,923 «271, 890 •338, 625 '316,324
Stocks, total*f
gallons., i
Refined:
j
33,100 93, 833
59, 621
Exports..
gallons..; 135, 279 233,754 147, 338
.37
.37
.37
.37
.37
Price, wholesale, N . Y
dol. per gal..I
.38
124,086
82,846
95,365
98,131 153,199
Production*
gallons..'
93,843 105, 559 105, 578 131, 203 108,628
Shipments*
gallons. _;
Stocks, end of month*
gallons..'
381,678 358, 965 348,752 I 315,680 360, 251
Methanol, synthetic:
\
178, 232 425, 333 366,015 559, 002 561,918
Prod uction
..
gallons.. i
665, 702 576, 646 761, 369 I 830, 220 732, 735
Shipments
gallons.. ;
Stocks, end of month
gallons. . ' . . .
2,262,214 2,110,901 1,715,547 il,444,329 1,273,512
Explosives:
;
23, 834
16,197
Orders, new*
thous. of lb__ 27, 725
16,179
16,497 j 20,327
Sulphur and sulphuric acid:
,~o I
| 233,233
116,478
Sulphur, production (quarterly)..long t o n s . .
Sulphuric acid (104 plants):
71, 649
67, 162 | 53,586 71, 951
76, 573
Consumed in prod, of fertilizer.short tons..; 133, 983
Price, wholesale 66°, at works
15. 50
15. 50
15.50 i
15.50 ;
15.50
15. 50
dol. per short t o n . . '
Production
short tons._I 132, 519
73,900; 90,605 | 76, 530 98,587
79, 328
Purchases:
<
12, 122
10,323 23, 829
10, 309
7,311
From fertilizer mfrs
short tons.. 1 16, 945
13, 320 16,147
14, 487
8,544
From others.-.
short t o n s . . 27,386
8,247
Shipments:
14,236 13,251
14,439
14, 065
13,194
To fertilizer mfrs
short tons..' 23.704
23, 612
30,819 38,885
37, 278
19, 751
To others
short t o n s . J 33, 756
5, 505
5,574
2,544
12,482
13,968
16, 509
15, 979
15, 396
13, 756
13,810
24, 595
25,423
18, 948
13, 025
15, 606
17,184
20, 642
9,486
12, 478
21,775 | 20,624
8,776
8,325
9,032
"265, 596
"319,158
42, 458
.37
181,625
97, 697
444,179
243,183
337,174
145, 657 106, 358
.37
.38
187, 555
166,638
330, 679
101,484
.38
312,085 327, 337 300, 303
406, 939 502, 803 485, 853
36, 523 55, 553 96, 293
.37
.37
.37
106,494 163, 619 144, 846
91,462 175,608 193,398
459,211 447, 222 309, 762
860, 314 1,460,589 1,043,040 1,099,249 962,185
955, 301 1,425,009 1,732,458 11.233,198 833, 978
1,178,525 1,214,105 1,124,087 ! 990,738 1,118,945
25,106
25,107
25, 084
23, 256
322,011
23,318
28, 504
25, 584
313, 283
117,728 I 92,962 I 160,688 154, 205 150, 097 161, 500
1
149, 236
15. 50
15.50
15. 50
15. 50
15. 50
15.50
15. 50
131,016 I 133,056 158, 406 155, 407 155, 695 143,811 '139,615
29,102 17, 765 27,126 34, 589 36,181 32,312
20,151
21,804 23,604 31, 693 33, 680 23, 763 29, 470
27, 300
16, 511
41, 970
31,215
38, 327
23, 276
36, 270
23,994
33, 728
26. 507
38, 008
26, 664
27,163
21,242
22, 793
190
358
81, 399 60, 390
16, 824 10,227
59,887 48, 304
131
11
158, 088 140, 327
100,139 95, 509
23, 508 33, 690
1,829
3,521
51, 600 37, 242
499
109,938
14, 240
91, 639
52
121,845
70. 739
17, 343
2,309
47, 293
FERTILIZER
Consumption, Southern States 1
100
65
18
38
822
1,118
43
thous. of short tons.
234
1,234
Exports, total §
long tons., 118, 692 85, 481 69, 580 60, 349 85,534 81,140 90,433 123, 289 116,584 117,954
19,834
9,059 11,813
6,579
8,628
4,239
7,625
Nitrogenous §
long tons.
9,845
37, 438
5,987
63,621
71, 624 70, 789 79,428 97, 481 102, 986 102,115
75,950
73,165
52, 479
Phosphate materials.
long tons.
763
281
375
352
250
289
55
57
104
166
Prepared fertilizers
long tons.
Imports, total §#
long tons. 206, 781 97, 507 102, 204 101,085 105,083 81, 207 102,028 107,076 123, 390 118,139
59, 561
72,190 38,490 34,129 56,682 70, 729 58,718
70,934
61, 535
Nitrogenous §
long tons. 147, 722
5,248 29,652 13, 762
3,943
74, 584
8,431
29,921
5,308
66
106
Nitrate of soda §._
.long tons.
5,677
9,643
4, 603
7,351
2,267
3,486
5, 246
3,934
2,949
5,814
Phosphates
long tons..
55, 344
22, 714
19,107 38, 053 56, 045 39,006 44, 548 48, 685
20,537
21, 885
Potash
..long tons.
Price, nitrate of soda, 95 percent, N.Y.
1.295
1.295
1.295
1. 350
1.345 ! 1. 315
1.295
1.305
dol. per cwt.
1.295
1. 345
Superphosphate, bulk:
334, 457
167,114 158,890 177, 649 130, 271 164,666 262, 705 240, 243 320, 307
Production
short tons.
15,403 94,436 74,090 20, 042
94,066 21, 508 17,515
155,402 265,511
Shipments to consumers
.short tons.
897,888 I 521,297 477, 497 514, 853 565, 370 691, 913 735, 567 861,546 I 1,011,529
Stocks, end of month
short tons..
a
Revised.
* New series. For earlier data see p. 20 of the April 1933 issu8 (methanol) and p. 19 of January 1933 issue, (explosives).
^ Figures revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1933 issue for earlier data.
§ Data for 1932 revised. See p. 36 of the June 1933 issue.
# See footnote on p. 34 of this issue.
t Revised for 1933. Production February, 267,476; stocks for January, 298,902; February, 293,623,
1.295
1.350
1.350
322, 783 '328, 345 295, 334
18, 329 40, 552
59,466
1,089,179 1,130,174 1,124,243
May
37
SURVEY OF CURRENT BUSINESS
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
1933
March
April
May
June
CHEMICALS AND ALLIED
July
1934
Decem- January FebruOctober NovemAugust September
ary
ber
ber
PRODUCTS—Continued
NAVAL STOEES
Pine oil:
Production
gallons... 293, 589 202,929 184,760
Rosin, gum:
5.44
2.89
3.28
Price, wholesale " B , " N.Y_..dols. per bbl._
Receipts, net, 3 ports..
bbl. (5001b.)_. 59,443 35,796 63,372
Stocks, 3 ports, end of month.bbl. (500 lb.)— 142, 574 237,350 212,526
Rosin, wood:
Production
bbl. (5001b.)-- 43, 753 26,597 24,926
Stocks, end of month
bbl. (500 lb.).. 89,963 98,615 86,406
Turpentine, gum:
.46
.59
.43
Price, wholesale, N.Y_
dol. per gal...
8,721
6,710
Receipts, net, 3 ports
bbl. (50 gal.)..
18,176
46,010
63,679
Stocks, 3 ports, end of month.bbl. (50 gal.)..
59,212
Turpentine, wood:
4,255
7,279
3,831
Production
_
bbl. (50 gal.)..
Stocks, end of month
bbl. (50 gal.)-. 19,253 12,387 10,863
215,130
271, 014
283,152
258,081
274,095 i 269,719
243,196
305, 445
306, 375
4.10
4.30
110,450 121,946
227, 022 219,882
5.16
123,977
234,578
4.96
113,107
227, 943
5.08
91, 251
218, 280
4.85
90,474
211,422
4.84
81,896
209, 218
4.65
81, 627
210,771
4.66
39,219
171, 263
5.38
32, 640
152, 569
208,133
31, 045
70,934
35,163
63, 058
41,033
61,785
42,961
57,010
43, 213
60, 305
44,821
65,957
43,197
71,058
40, 433
73,151
46, 850
83, 007
46, 016
86,492
.47
32,359
67,117
.46
35,549
64,824
.51
35,265
70,451
33,237
74,920
.47
26, 911
79, 563
.44
24,479
79,616
.47
18,535
80,383
.47
17, 352
81, 269
.52
4,985
68, 786
.62
2,639
54,138
5,028
6,981
5,514
7,242
6,516
5,673
6,779
5,496
6,642
8,004
6,929
11, 526
14, 078
6,916
16,433
7,970
18,020
7,892
17,859
4,269
91, 959
2,524
66, 010
23, 786
18,079
10, 558
46, 296
12,745
35,816
440,480
162, 454
742, 249
OILS, FATS, AND ANIMAL
BYPRODUCTS
Animal fats and byproducts (quarterly):
Animal fats:
138, 652
Consumption, factory
thous. of lb_.
598,610
Production
thous. of l b . .
283, 313
Stocks, end of quarter
thous. of lb__
Gelatin, edible:
4,937
Production
thous. of lb
10,751
Stocks, end of quarter..
thous. of lb._
Greases:
44,889
Consumption, factory
..thous. of l b . .
79,411
Production
thous. of lb_.
71,894
Stocks, end of quarter
thous. of lb__
Lard compounds and substitutes:
203, 564
Production
thous. of lb.
25,020
Stocks, end of quarter
thous. of lb.
Fish oils (quarterly):
29,741
Consumption, factory
thous. of lb_.
18,197
Production
thous. of lb_.
181,374
Stocks, end of quarter.
thous. of lb_.
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly)
660,362
thous. of lb_
4,697
2,243
2,357
Exports
thous. of lb.
2,138
51, 535 69,913 55,039 82, 720
Imports §#
thous. of lb.
600,825
Production (quarterly).
thous. of l b .
Stocks, end of quarter:
664,447
Crude
thous. of lb.
839,933
Refined...
thous. of lb.
Copra and coconut oils:
Copra:
Consumption, factory (quarterly)
59,225
short tons.
14,852 15,754 24,895
Imports^
_
short tons.. 21,6
24,571
Stocks, end of quarter
short tons.
Coconut or copra oil:
Consumption, factory:
120,207
Crude (quarterly)..
thous. of l b . .
Refined, total (quarterly)
69,426
thous. of lb.
13, 599 13,498 12,788 12,272
In oleomargarine
thous. of lb.
22,079 29,651 20,210 32,677
Imports#
thous. of lb_
Production (quarterly):
Crude
thous. of lb_
76,028
Refined
thous. of l b . .
61,785
Stocks, end of quarter:
138, 551
Crude—.
thous. of l b . .
Refined
thous. of l b .
14,382
Cottonseed and products: t
Cottonseed: t
Consumption (crush)
short tons. 346, 330 '368,954 249,267 219,024
Receipts at mills
short tons.^ 107, 802 '147, 724 95,100 71,921
Stocks at mills, end of month.short tons.. 503, 721 '748, 584 594,997 447,894
Cottonseed cake and meal: t
4,564
Exports §_.
short tons..
380
5,039
5,373
Production..
.short tons.. 163,828 '167,278 115,602 100,631
Stocks at mills, end of month .short tons. 264, 299 '284,577 221,453 207,175
Cottonseed oil, crude: t
Production
_
thous. of lb._ 112, 547 '116,063 80,163 73,324
Stocks, end of month
thous. of l b . . 146,569 '161, 535 122,617 81,279
Cottonseed oil, refined:
Consumption, factory (quarterly)
209, 942
thous. of lb__
In oleomargarine
thous. of l b . .
1,408
2,158
1,382
1,491
Price, summer yellow, prime, N.Y.
.051
dol, per lb_.
.040
.037
.050
Production t
thous. of lb._ 126,978 '108, 775 97,615 107,508
Stocks, end of month f
thous. of lb._ 838,547 =808,228 804,201 779,447
• Revised.
t For revisions of the year ended July 1932, see p. 20 of the February 1933 issue.
§ Data for 1932 revised. See p. 37 of the June 1933 issue.
# See footnote on p. 34 of this issue.
173, 578
641,744
375, 650
176, 561
579, 049
373, 655
150, 070
584,471
362,129
3,180
9,822
1,328
8,009
3,602
8, 594
59,535 !
89,974
75,634
50,665
88, 529
79,633
50, 744
85,801
97, 313
245,010
21,792
247, 898
23, 648
238, 336
27, 301
41, 795
,602
149,105
44, 536
39, 797
151,614
36, 092
43,936
157, 423
701,039
1,234
87,056
432, 308
1,744
65,624
444
84,938
2,232
86,451
5,223
90, 331
564, 074
655, 532
488,679
27, 257
23,779
617, 782
504
68, 490
547, 514
46, 581
31,783
76,805
24,983
44,537
141,082
161,829
72,476
8,715
29,776
81,498
13, 251
1,886
10,750
13,026
12, 659
22, 727
789, 311
2,578
55,176
812, 514
757, 523
801,835
32,530
36,312
77,944
30,182
59, 831
133,934
14,687
36,203
14, 307
40,668
83, 064
13,028
15,971
79,942
68,389
96, 526
79,931
98,579
73, 395
138,024
16,815
132, 530
16,400
182,822
15, 562
171,669
40, 659
316,764
161,560
65,679
220,883
233,223
232,646
220,306
522, 590 646,532 576, 957 446, 204 471,078
891, 359 1,130,474 846, 525 404, 006 191,428
589,130 1,073,072 1,324,640 1,300,442 1,020,792
50
79,975
197,902
961
74,237
160,631
2,231
106,632
178,853
232,851
258,257
16,494
289,617
313,114
10,119
258,955
315,070
14,130
207, 711
312,096
14, 625
211,110
289,538
5,305
199,972
279,103
56,347
63,759
51,745
52,444
70,878
159,454
119,580
201,648
145,196
179,866
159,877
137,987
168,850
145, 587
136, 564
173, 761
262,648
1,379
1,274
1,332
263, 371
1,489
1,777
1,938
252,827
1,785
1,536
1,889
.056
70,512
737,849
.064
57,450
676,163
.052
58,090
640,607
.047
77,593
622, 799
.042
156,657
676,537
.045
151,963
723,138
.043
122,426
769, 235
.047
110, 950
780, 992
.051
132,791
811,464
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
May 1934
1933
March
April
May-
June
July
1934
Decem- January FebruOctober NovemAugust September
ber
ber
ary
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND ANIMAL BYPRODUCTS—Continued
Vegetable oils and products—Continued.
Flaxseed and products:
Flaxseed:
Imports, United States#...thous. of bu_.
Minneapolis and Duluth:
155
107
Receipts.
thous. of bu..
58
153
Shipments.
_
thous. of bu..
950
981
Stocks, end of month
thous. of bu..
Oil mills:
Consumption, quarterly.thous. of bu..
1,646
Stocks, end of quarter-.-thous. of bu_.
1.13
Price, no. 1, Minn
_.dol. per bu..
Production, crop estimate.-thous. of bu..
Stocks, Argentina, end of month
7,283
6,299
t h o u s of b u
Linseed cake and meal:
'
"
17, 291
Exports
thous. of lb.. 18, 597
Shipments from Minneapolis
8,693
, .,
thous. of lb..
T.
Linseed oil:
Consumption, factory (quarterly)
39,021
thous. of lb..
.093
.075
Price, wholesale, N.Y
_dol. per lb..
79,595
Production (quarterly)
thous. of lb..
Shipments from Minneapolis
4,405
thous. of lb..
Stocks at factory, end of quarter
141,105
Lard compound:
thous. of lb..
.074
.060
Price, tierces, Chicago *
dol. per lb_.
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb.. 22, 083 23,106
Price, standard, uncolored, Chicago
.080
.077
dol. per lb_.
21,387
Production
thous. of lb.. 23, 616
PAINTS
Paints, varnish, and lacquer products: §
193
13, 579
Total sales (588 estab.)
thous. of doL. 23, 610
9,180
Classified (315 estab.)
thous. of doL. 15,7,105
3,392
Industrial
thous. of doL. 8,505
5,788
Trade
thous. of dol..
7,583
4,398
Unclassified (273 estab.)
thous. of doL,
Plastic, cold-water paints, a^id calcimines:
Sales:
99,810
Calcimines
dollars.. 140, 743
86,440
136
Plastic paints.
dollars.. 45,
44,159
69,
406
Cold-water paints
dollars..
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose: *
Sheets, rods, and tubes:
1, 435
535
Production
thous. of lb.
1,052
732
Shipments
thous. of ,'b.
Cellulose-acetate: *
Sheets, rods, and tubes:
405
119
Production
thous. of lb.
349
117
Shipments
thous. of lbROOFING
Dry roofing felt:
Production
short tons.
13,817
14,168
Stocks, end of month
.short tons.
4,959
6, 350
Prepared roofing, shipments:
Total
thous. squares.
2, 161
2,731
420
525
Grit roll
thous. squares..
412
522
Shingles (all types)
thous. squares.
Smooth roll
thous. squares.
1,329
1,685
1,056
1,391
1,781
1,981
2,515
484
1,031
1,524
179
235
1,037
524
267
912
641
334
960
244
254
875
1,123
158
1,117
1,568
171
1,834
524
645
1,452
288
629
984
148
91
1,039
250
81
964
118
36
983
1.28
1.43
854
1.72
2.05
6,074
2,869
1.88
1.8
1.77
6,760
2,713
1.77
• 6, 785
1.90
l.Z
6,693
20, 518
7,087
26,862
4,724
38,382
2,939
17, 676
9,564
10, 799
7,792
8,651
6 199
.078
.087
76,975
.094
79,035
.108
.105
8,152
8,770
7,855
5,861
221
2,362
1,772
52,481
56, 544
1,575
61, 009
2,362
56, 069
4,331
43, 239
6,299
37, 766
8,938
7,405
8,228
10, 760
10,025
70,824
.104
113,413
.097
.096
55, 778
.095
133,906
.093
.093
4,864
5,351
2,436
1,400
997
1,679
2,337
.069
86, 926
.063
.073
.075
.083
.079
99,632
.068
18,358
19, 578
15, 578
18,929
19, 227
23,446
22, 417
23, 597
23, 809
16,861
21,350
.081
20,439
.094
20,031
.095
15,530
.095
18,406
.095
20, 859
.095
21,553
.094
23, 664
.078
23,943
.070
21, 386
.070
17,870
.070
21, 572
19,044
13,259
4,677
8,582
5,784
26, 241
17,780
5,991
11,789
8,461
27,813
19, 272
6,828
12,444
8,542
22,090
15,033
6,406
8,627
7,057
20, 621
14,163
6,323
7,840
6,457
19,098
13,007
5,545
7,462
6,091
18, 944
12, 326
4,950
7,376
6,618
16, 234
11,223
4,656
6,566
5,012
16,156
10, 576
4,418
6,158
5,580
20, 644
13, 486
6, 015
7,471
7,158
17,715
11,895
5,639
6,256
5,820
116, 523
88,071
61,314
181,543
114, 546
84,241
152, 678
113, 739
83, 287
161,415
109,266
61,443
143,483
104, 376
63,572
174, 793
79,681
56,844
154, 521 119,733 137,964 134,418
62, 429 84, 655 79, 792 61,446
66, 913 63, 942 69, 745 54, 049
118,811
49, 437
50, 452
604
783
982
938
1,111
1,144
1,228
1,119
1,585
1,551
1,598
1,450
1,387
1,277
1,026
798
1,221
948
930
1,152
1,046
149
211
235
221
242
221
192
222
230
232
214
230
207
218
258
279
325
352
358
377
436
418
16,477
4,454
20, 741
3,701
19,678
5,472
20, 313
3, 908
17,457
7,110
12, 434
5,989
14, 322 10, 819
4,341 | 4,499
7,352
5,003
8,037
7,722
6,647
2,267
522
470
1,275
2,804
691
672
1,441
2,026
2, 700
662
617
1, 421
2, 076
491
437
1,147
2,582 ! 1,561
555
329
480
342
1,547
890
830
168
157
505
1, 046
215
144
686
1, 006
223
178
605
435
1,039
1, 774
487
465 !
822 !
157, 724
.074
.073
ELECTRIC POWER AND GAS
ELECTRIC POWER
j
Consumption, industrial, for power purposes. I
(See Business Indexes.)
Fuel consumed in production of electrical
energy. (See Fuels.)
a
Production, total ft
mills, of kv\r.-hr..
6,687
6, 478
7, 242
7, 013
7, 491
7, 688
7, 350
7, 470
7, 631
7,665
« 7, 052
7,479
7, 243
By source:
a
4,624
3, 665
3, 369
3, 604
Fuels i
mills, of kw.-hr._
4,208
4,660
4, 766
4, 440
4, 854
4,725
4,736
4, 662
° 4, 752
a
3,041
Water power J
mills. ofkw.-hr_.
3,023
3,109
3, 409
3,034
2, 831
2,922
2, 909
2, 625
2,518
2,734
2, 970
2,300
By type of producer:
a
Central stations +
mills, of kw.-hr_.
6,278
6,075
6,591
6,803
7,036
7,026
7,215
6,911
6,788
7,211
6,990
<* 7,147
6, 574
Street railways, manufacturing plants, etc.
m i l l s of k w h r
409
403
422
439
455
473
453
439
455
480
484
478
Sales of electrical energy:
- -Sales to ultimate consumers, total (Edison
4,988
4,878
5,237
5,603
5,872
5,760
5,780
5,830
5,716
5,691
5,911
5,766
Eke. Inst.)
mills, of kw.-hr..
1,004
980
907
889
867
864
1,003
940
1,081
1,147
1,244
1,123
Domestic service
mills, of kw.-hr_.
984
984
969
997
1,013
1,068
1,014
1,041
1,102
1,138
1,162
1,085
Commercial—retail
mills, of kw.-hr..
2,221
2,772
2,423
3,159
3,310
3,068
3,254
3,401
2,862
2,662
2,748
2,831
Commercial—wholesale... mills, of kw.-hr..
Municipal and street lighting
196
179
167
143
150
166
176
191
212
197
222
202
Railroads:
mills, of kw.-hr..
53
55
55
54
Electrified steam
mills, of kw.-hr..
56
56
58
55
59
63
62
62
361
318
314
Street and interurban...mills, of kw.-hr_.
304
302
309
332
304
353
387
396
388
Gross revenue from sales of energy (Electrical
151,920 151,420 149,950 153,590 154,860 154,930 160,080 163,940 165, 890 169,540
World)
....thous. of dol..
Revenues from ultimate consumers (Edison
142,487 142,512 141,163 143,368 143, 212 143,442 146,688 150, 390 153,980 156,127 162,070
Eke. Inst.)
thous. of dol..
154,83 2
° Revised.
«Dec. 1 estimate.
# See footnote on p. 34 of thfi issue.
• New series. For earlier data lard compound price see p. 18 of the January 1933 issue. Earlier data not available on cellulose products.
§ Since March 1932 detailed figures are not strictly comparable owing to changes in firms reporting,
t For revised data for year 1932 see pp. 38 and 56 of the May 1933 issue.
t Revisions for 1933. Total production Jan. 6,965, Feb. 6,297. Produced by fuels Jan. 3,996, Feb. 3,650. Produced bv water power Jan. 2,968, Feb. 2 646 Central
stations Jan. 6,568, Feb. 5,933.
"
'
39
SURVEY OF CURRENT BUSINESS
May 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
1934
1933
March
April
May-
June
July
Decem- January FebruOctober NovemAugust September
ary
ber
ber
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured gas:*t
Customers, total
thousands..
Domestic
-thousands..
House heating
_
thousands..
Industrial and commercial
thousands..
Sales, to consumers
millions of cu. ft..
Domestic
..millions of cu. ft..
House heating
.millions of cu. ft..
Industrial and commercial
millions of cu. ft..
Revenue from sales to consumers
thous. of dol..
Domestic
thous. of dol..
House heating
thous. of dol..
Industrial and commercial thous. of dol..
Natural gas:*
Customers, total
thousands..
Domestic
thousands..
Industrial and commercial
thousands..
Sales to consumers
millions of cu. ft..
Domestic
millions of cu. ft..
Industrial and commercial
millions of cu. ft..
Revenues, from sales to consumers
thous. of dol..
Domestic.
thous. of dol..
Industrial and commercial—thous. of dol..
9,789
9,287
60
434
30,020
20, 914
2,955
9,744
9,246
56
433
28,689
21, 098
1,293
9,797
9,295
60
433
29, 472
20,912
2,320
9,825
9,329
51
435
27, 378
20, 584
437
9,809
9,321
44
437
24,810
18, 449
206
9,819
9,329
44
438
24, 407
18, 030
176
9,866
9,372
48
436
26, 200
19, 882
244
9,902
9,387
68
438
28, 214
21,017
836
9,880
9,355
78
437
29,382
20, 254
2,484
9,856
9,328
81
438
31,054
20, 577
3,659
9,859
9,320
89
441
33,143
21,417
4,562
9,876
9,335
91
441
33,425
20,905
4,833
5,943
6,068
6,142
6,216
6,023
6,067
5,930
6,179
6,443
6,945
7,481
33, 070
25, 354
2,083
5,480
32, 592
25,393
1,681
5,386
32,165
25, 698
957
5,367
31, 200
25, 461
358
5,271
28, 429
23,117
185
5,027
27, 764
22,487
162
5,016
30,046
24, 688
217
5,028
31, 705
25, 716
621
5,241
31,961
24, 709
1,644
5,476
32, 936
24, 877
2,346
5,577
34, 527
25, 727
2,895
5,757
34, 242
25,128
3,019
5,950
5,381
5,080
300
76, 560
35, 229
5,347
5,054
292
69, 609
28,831
5,312
5,028
283
62,106
22,480
5,299
5,028
269
56, 453
15, 283
5,247
4,977
268
52, 696
11,228
5,274
5,008
265
52, 374
10, 296
5,331
5,063
267
56, 399
11,869
5,387
5,109
276
61, 679
15,135
5,463
5,164
298
74,393
23, 838
5,445
5,145
299
80,300
31, 406
5,483
5,175
306
93, 222
39, 238
5,500
5,191
307
94, 349
38, 402
40, 559
40,128
39,036
40, 603
40,920
41, 432
43,688
45,882
49,753
47, 761
53,080
54,836
30, 857
22, 374
8, 352
27, 005
18,991
7,891
23, 255
15,788
7,367
19,763
12, 223
7, 441
17, 313
9,861
7,359
16,935
9,337
7, 495
18, 216
10, 288
7,804
20,874
12, 296
8,467
25,911
16,434
9,335
29,865
20, 271
9,398
35, 406
24,850
10, 388
34,815
23, 814
10,812
145, 476
.25
106, 448
FOODSTUFFS AND TOBACCO
DAIEY PRODUCTS
Butter:
Consumption, apparent*
thous. of lb._ 144,107
Price, N.Y., wholesale (92 score).dol. per lb._
.25
Production (factory)f
..thous. of lb._ 122, 746
Receipts, 5 markets
-thous. of lb.. 50,520
Stocks, cold storage, creamery, end of month
thous. of lb.. 15,352
Cheese:
Consumption, apparent!
thous. of lb._ 47,833
Imports#
..thous. of lb_. 4, 757
Price, No. 1 Amer. N.Y
dol. per lb._
. 15
Production (factory)t
thous. of lb._ 37,541
American whole milkf
thous. of lb_. 28, 234
Receipts, 5 markets
thous. of lb..
9,938
Stocks, cold storage, end of inonthf
thous. of lb._ 62,155
American whole inilkf
..thous. of lb._ 49,713
Milk:
I
Condensed and evaporated:
j
Production:!
|
Condensed (sweetened)
thous. of lt> J 16,989
Evaporated (unsweetened) §
j
thous. of lb-.j 131,719
Exports:
j
Condensed (sweetened)
thous. of lb-.i
201
Evaporated (unsweetened) -thous. of lb__|
3, 421
Prices, wholesale, N.Y.:
I
Condensed (sweetened)-—dol. per case..I
4.85
Evaporated (unsweetened)
j
dol. per case..
2. 70
Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods
thous. of lb._
4, 823
Case goods
thous. of lb..
4,875
Evaporated (unsweetened):
Case goods
thous. of lb._ 99,176
Fluid milk:
Consumption in oleomargarine
thous. of lb_. 5,682
Production, Minn, and St. Paul
j
thous. of lb..I 38,665
Receipts:
;
Boston, incl. cream
thous. of qt._|
Greater New York
thous. of qt._
Powdered milk:
Exports
thous. of l b . .
316
Orders, net, new
thous. of lb_. 10,765
Stocks, mfrs. end of mo
thous. of lb._ 24,969
FRUITS AND VEGETABLES
Exports, fruits and preparations. (See Foreign trade.)
Apples:
Production, crop estimate
thous. of bu._
Shipments, car lot
carloads..
4,367
Stocks, cold storage, end of month
thous. of bbl._
2,131
Citrus fruit, car-lot shipments.
carloads.. 15, 785
Onions, car-lot shipments
.carloads..
1,971
Potatoes:
Price, white, N.Y
..dol. per 100 lb._ 2.388
Production, crop estimate
thous. of bu
Shipments, car lot..
carl
23,~634
134,384
.18
132,044
50, 672
133,645
.21
135,371
48,079
9,255
a
160,871
.23
187, 205
65,023
128,815
.23
200, 712
73,116
133,123
.25
177, 638
64,057
142, 668
.21
166, 884
63,877
139,403
.24
138, 801
54,844
143,939
.24
129, 689
50, 801
134, 709
.24
112,413
47,955
138,550
.20
111,763
49, 226
147, 530
.20
112, 430
45, 882
35,159
106, 378
150, 934
175, 476
174, 713
160, 463
138,166
111,249
75, 995
1
36,853
45, 782
2,892
.11
* 6,102
* 26, 974
12, 725
45, 273
3,891
.12
36, 281
29, 578
12, 728
56,740
5,527
.15
56,116
43,422
16,037
40,835
6,862
.15
64,359
51,142
13,989
45,499
3,440
.15
57,813
46, 209
16,923
39, 212
3,100
.14
49,927
39,651
12,656
41,305
2,730
.13
43, 291
33, 897
12,170
44, 770
3,830
.13
36, 494
28,006
12, 709
39,978
4,988
.13
24, 410
18, 027
10, 771
37,182
4,524
.13
25, 742
19, 234
10, 747
44, 284
2, 823
.13
28, 436
19,921
13.788
44, 371
3, 902
.17
28, 962
21,536
12, 366
48, 806
41, 625
43, 626
37, 321
48,481
41,336
78,715
67,456
94, 291
82, 771
108,035
94, 394
113,131
99, 326
109, 655
95,831
99,009
85,146
91,970
77,773
78.789
66, 476
* 67, 819
1
54, 934
19, 496
14, 805
15, 704
18,201
-15, 164
15, 947
21, 363
151,019
172,178
203, 685
475
2,893
562
3,290
4.68
4.68 |
220,655 I 179,668
482
2,122
333
3,147
4.68
4.70
2.55
2.60
13, 269
14,996
330
3,305
2.19 !
5,453
5,935
6,076
5,310
8,585
9,860
50, 571
36,975
48, 127
19, 232
13,76
109,754 ! 73,039
322
1,927
15, 836
13,015
99 073
100, 272
286
2,801
476
3, 545
253
2, 597
312
2, 885
4.73 |
4.73 !
4.73
4.73|
4.73 I
4.73
4.85 |
4.85
2.63 I
2. 70 I
2.70
2.70
2.70
2.70
2.70 |
2.70
10,364
14,683
10, 523
13,198
9,813
10,783 j
9, 664
9,137
11,437
16,932
104,088 I 131,980
11,186
16,42S
177,536 j 208,493
287
1,810
14, 708
84, 972
342
2, 394 !
i
2.03
149,757 | 126,079
7, 657
6, 394
« 5, 943
4,774
234, 665 | 225,040 j 210, 407 j 167, 074
112,936
I
5,041
4,858 |
4,814
36,718 | 34,908 j 37, 821
|
i
19,409
18,266 I 17,591
112, 525
109, 550 121, 759
3,773
4, 426 I
5,044 i
4,313 1
5, 220
5,344
29, 395
25,984
22,812
25, 074
26,300 | 31,349
35, 021
18, 876
19, 235
118,690 | 113,383
19, 382
18, 243
18, 617
17, 604
16, 713
17,328 ! 16,250
215 i 196
10,134
9, 512
20, 332 22, 716
162
9,306
30,100
351
9, 732
29, 372
36, 342
5, 765 j 5,106
I
5, 041
33, 813
160
9,556
14,997
248
10, 251
13, 354
192
12,132
13, 695
225
12,910
13,040
205
11,237 I
13,303
192
11, 773
13,140
184
9,871
15, 294
5,019
2,860
1,992
1,095
1,535
1, 597
6,530
16, 509
9,170
=143,827
6,856
6,806
4,722
2,894
14,045
2,487
1,567
12, 922
2,492
590
14,557
2,783
7,869
1,156
6,415
1,871
1,749
6,904
3,407
7,515
8,292
3,328
8,376
10,822
2,018
7,135
13, 604
2,195
5,474
14,409
2,605
« 3,858
11,741
2,125
2.371
2.305
2.080
2.017
1.965
2.506
17,478
21,902
13,685
1.997
'317,143
12, 247
2.195
12,017 | 10,795
21,748
17,158
12, 999
1,785
1.257
1.290
1.101
1.417
24,531
18,206
18,205
21,379
130
a io, 577
* 24, 920
* New series. For earlier data see p. 19 of the May 1933 issue, gas, and p. 19 of the June 1933 issue, butter.
§ Bulk evaporated milk not included since December 1931.
« Revised.
• Dec. 1 estimate.
t Revised series. For earlier data see p. 19 of the April 1933 issue American whole milk and total cheese stocks and p. 20 of the January 1933 issue for 1931 revised data
on production of butter, cheese, and milk. Also apparent consumption of cheese. For 1932 revisions for butter, factory cheese, American whole-milk cheese, condensed
and evaporated milk see p. 39 of the September 1933 issue and November 1933 issue for revisions for 1932 evaporated milk.
For subsequent 1932 revisions for evaporated milk see p. 39 of the November 1933 issue.
# See footnote on p. 34 of this issue and p. 39 of the April 1934 issue, carlot shipments of apples, citrus fruits, onions, and potatoes.
t Data revised for manufactured gas, for 1932 and 1933; for natural gas, for 1931, 1932, and 1933; for earlier monthly data see p. 20 of this issue.
40
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
Mav 1934
1934
1933
March
April
May
June
July
Decem- January Febru1 October November
ber
ary
August »1
FOODSTUFFS AND TOBACCO—Continued
GRAINS
Exports, principal grains, including flour and
meal
thous. of bu_.
Barley:
Exports, including malt
thous. of bu_.
Price, no. 2, Minn
_
...dol. per bu_.
Production, crop estimate
thous. of bu_.
Receipts, principal markets *—thous. of bu_.
Visible supply, end of month._thous. of bu..
Corn:
Exports, including meal
.thous. of bu_.
Grindings
thous. of bu..
Prices, wholesale:
No. 3, yellow (Kansas City)...dol. per bu..
No. 3, white (Chicago)
dol. per bu_.
Production, crop estimate
thous. of bu_.
Receipts, principal markets
thous. of bu..
Shipments, principal markets.thous. of bu_.
Visible supply, end of month..thous. of bu_.
Oats:
Exports, including oatmeal
thous. of bu..
Price, no. 3, white (Chicago)
dol. per bu..
Production, crop estimate
thous. of bu..
Receipts, principal markets
thous. of bu..
Visible supply, end of month..thous. of bu_.
Rice:
Exports §
pockets 100 1b..
Imports #
pockets 1001b..
Price, wholesale, head, clean, New Orleans
dol. per lb..
Production, crop estimate
thous. of bu..
Receipts, southern paddy, at mills
thous. of bbl. (1621b.)..
Shipments to mills, total
thous. of pockets (100 lb.)_.
New Orleans.—thous. of pockets (100 lb.)_Stocks, domestic, end of month
thous. of pockets (100 lb.)_.
Rye:
Exports, including
flour.
thous. of bu..
Price, no. 2, Minneapolis
dol. per bu..
Production, crop estimate
thous. of bu..
Receipts, principal markets *_—thous. of bu_.
Visible supply, end of month*.thous. of bu..
Wheat:
Exports:
Wheat, including
flour
thous. of bu_.
Wheat only...
thous. of bu_.
Value, wheat and flour. (See Foreign
Trade.)
Prices, wholesale:
No. 1, Northern, Spring, Minn.
dol. per bu..
No. 2, Red, Winter, St. Louis
dol. per bu_.
No. 2, Hard, Winter, K.C
dol. per bu..
Weighted average 6 markets, all grades
dol. per bu_.
Production, crop estimate, total
thous. of bu.
Spring wheat.
thous. of bu.
Winter wheat
thous. of bu.
Receipts...
-thous. of bu_.
Shipments
thous. of bu_.
Stocks, visible supply, world.-thous. of bu-.
Canada
_
-thous. of bu_.
United States
thous. of bu..
Stocks, held by mills (quarterly)
thous. of bu_.
Wheat flour:
Consumption (computed) t---thous. of bbl_.
Exports.
thous. of bbl_.
Grinding of wheat
thous. of bu_.
Prices, wholesale:
Standard Patents, Minn
dol. per bbL.
Winter, straights, Kansas City
dol. per bbL.
Production:
Flour, actual (Census)
thous. of bbL.
Flour, prorated, total (Russell's) t
thous. of bbL.
Offal
thous. of lb-.
Operations, percent of total capacity
Stocks, total, end of month (computed)
thous. of bbL.
Held by mills (quarterly)..-thous. of bbL.
5,757
4,172
3,176
3,210
4, 220
2,749
2,523
2,143 •
690
70
1,113
.30
785
.45
858
.43
836
.64
437
.58
411
283 i
.40
.67 S
1,314
.63
«156,104
2,974
2,825
15, 665
14, 635
3,574
12, 207
1,683
8,320
5,055
8,414
8,780
10,809
5,091
11,701
6,280
.11,633
5,719
14,069
6,687
14,830
4,315
15,692 |
247
5, 737
371
5,830
187
7,117
713
8,862
453
5,473
581
6,511
438
6,005
482
4,645
287 I
5,761 j
1,283
.45
.51
.26
.26
.33
.44
.40
.45
.52
.57
.50
.53
.38 i
.42 !
.43
.44
12, 800
9,017
65, 682
4,991
36,120
16, 623
11, 776
32,463
26, 464
16, 718
38, 362
33, 742
15,111
49,187
46, 223
23, 594
63, 456
13, 543
14, 659
57, 747
21,333
10, 675
59,670
84
.33
582
.17
210
.22
153
.25
163
.30
155
.39
172
.36
.35
26, 610
17, 887
61,462
105 |
.32 i
7,558
4,6
408
3,924
.43
.47
•2,330,237
21,840
16,622
13, 729
7,921
64, 045
69,334
82
.34
123
.35
3,050
38,011
4,767
23, 983
8,191
22, 228
11,791
23, 695
12,159
28,173
16, 542
34, 598
~ 197978"
44, 746
8,815
49,367
•722,485
5,054 j
4,156
3,390
48,642
47, 81S
46, 503
142, 504
35, 581
166, 291
28, 704
157, 235
21, 635
69, 816
20, 047
71, 573
16, 913
163,348
20, 345
73, 077
30, 368
26,987
23,034
78, 296
15,169
.039
.021
.022
.026
.026
.029
.031
.034
.036
1,067
2,094 !
605
92
965 !
47 :
1,157
2,373 I
3
.71
2I
.62
496
821
1,032
257
112
746
64
1,058
72
1,102
19
821
54
565
49
554
50
2,439
1,856
1,833
1,650
1,381
937
3
.59
1
.35
.43
2
.52
17
.62
.83
2
.72
181
11, 621
546
1,269
8,006
5,211
2,573
10, 501
1,689
11,273
1,218
11,998
1,704
12,968
668
13,158
4,733
3,065
2,105
456
1,754
194
1,523
14
1,719
16
1,391
29
1,700
21
1,531
43
1,466
24
.74
.80
1.08
.94
.90
.85
.53
.82
.55
.48
.69
.60
.81
.70
.82
.76
1.01
.98
.92
.90
.53
.64
.73
.78
1.00
.92
220~759
94, 504
12,729
10, 246
577, 600
225,360
136, 724
115, 247
116,910
9,064
10, 231
355
38, 285
6.64
5.40
8,353
673, 588
50
4,157
431
87
15,753
13,421
522,330
215,204
125,934
23,310
17, 258
475,380
196,581
118, 546
8,144
351
9,056
332
9,942
321
40,392
40, 705
42, 560
4.03
4.54
3.04
3.48
8,867
9,298
37,172
17, 527
459,660
193,879
135,493
26,748
13,729
482, 600
191, 545
149, 732
8,455
362
10,322
290
7,127
362
30,866
39,487
38, 288
5.38
7.55
4.13
6.11
8,577
8,275
28,598
15,822
458,610
197,665
124,973
4.86
9,128
745,950
69
5,400
5,100
17, 624
17, 473
516, 580
244,965
149, 719
8,749
312
34,473
37, 371
6.93
6.75
28
9,375
680,822
53
4,463
7,956
548, 544
40
4,960
5.93
5.50
7,540
8,181
609, 599
46
9,171
656,225
50
5,460
5,350
3,825
2,648
0
.62 i
0
.60
• 21,184
430
13, 735
1,501
14,153
1,930 !
513 !j
.86
j
.87
11,612
15, 551
501,060
242,478
138,505
4,411
14,102
3,026
13, 362
167
4,163
244
« 4, 797
.45
.50
.45
.49
15,052
8, 688
68, 067
14,458
6.812
68, 384
lt\
.36
3.938
44,696 |
4,029
42, 307
.3/
104,951
15, 338
5,052
.039
910
67
853
63
2,488
2,632
0
.64
0
.61
402
12, 936
236
12,032
4,570
2,867
4,039
2,667
.91
.91
.85
932
.90
.83
.87
.80
87, 639
22,150
.039 I
426
573
2,767
502
.71
.91
I
527,413
• 176,383
•351,030
11,151
11,685
532,920
241,084
129,574
8,747
8,921
582,140
233, 368
113,671
10, 009
8,087
558,440
227, 060
104, 554
8,848
302
37, 067
8,607
388
8,759
362
8,633
292
33, 492
39,903
6.65
6.84
6.83
5.40
5.63
5.55
7,332
8,062
589,978
47
8,719
« 7, 867
9,564
706,100
54
5,010
8,677
»639, 724
55
4,761
<* 36,029
6.90
6,719
9,417
696, 558
52
5,700
2,993
1,100 !
4,854
514
.71
153,635
8,063
317
6.05
8,777
9,255
709,357
53
5,660
3,718
.84
7.14
4.03
9,963
711,463
54
.038 !
.039
I «35,619
173,884
131,854
96, 097
22, 861
.90
.84
.87
22,604
13, 568
515,950
213,356
153,438
79, 288
24, 737
5,325
5.60
8,116
9,158
653, 267
52
5,500
4,567
4,634
LIVESTOCK AND MEATS
Total meats:
1,107
1,159
1,052
1,030
1,095
1,163
Consumption, apparent
mills, of lb_.
1,051
1,205
1,272
993
• 1,000
1,160
Exports, value of meats and fats. (See Foreign Trade.)
Production (inspected slaughter)
1,164
1,052
1,240
1,314
mills, of lb_. 1,015
1,, 185
1,106
1,066
1,052
1,077 | 1,251
1,465
1,231
Stocks, cold storage, end of month, total
865
1,104
780
1,049
1,146
945
749
mills, of lb_.
940
73D
»1,043
1,048
773
911
42
51
65
73
Miscellaneous meats
mills, of lb.
45
65
50
75
56
71
65
54
a
* New series. For earlier data see p. 20 of the November 1932 issue, barley and rye.
§ Data for 1932 revised. For revisions see p. 39 of the June 1933 issue.
t Data revised from July 1931. See p. 19 of the August 1933 issue.
# See footnote on p. 34 of this issue.
• Dec. 1 estimate.
• Revised.
Mav 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
41
SURVEY OF CURRENT BUSINESS
1934
March
1933
April ! May ! June
March
July
1934
j Decem- January Februj August Septan, j O c t o b e r I Novemary
ber
ber
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS—Continued
Cattle and beef:
Beef and veal:
Consumption, apparent
_thous. of lb__ 463,893
2,670
Exportsf
thous. of lb__
Price, wholesale:
Beef, fresh native steers, Chicago
dol. per Re.092
production, inspected slaughter
thous. of lb_. 454,655
Stocks, cold storage, end of month
thous. of lb._ 55, 905
Cattle and calves:
Movement, primary markets:
Receipts
thous. of animals..
1,500
Slaughter, local
thous. of animals..
999
Slaughter, inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals..
495
Stocker and feeder..thous. of animals..
138
Price, wholesale, cattle, corn fed, Chicago
dol. per 100 lb_.
6.51
Hogs and products:
Hogs:
Movement, primary markets:
Receipts..
thous. of animals.2,468
Slaughter, local
thous. of animals..
1,679
Slaughter, inspected.
(See Leather
and leather products.)
Shipments, total.
thous. of animals..
801
Stocker and feeder
thous. of animals..
37
Price, heavy, Chicago.—dol. per 100 lb_.
4.33
Pork, including lard:
Consumption, apparent
thous. of lb_. 536,161
Exports, total..
thous. of lb— 52,114
Lard
thous. of lb.. 39,493
Prices:
Hams, smoked, Chicago
dol. per lb—
.136
Lard:
Prime contract, N.Y
_.dol. per lb__
.067
Refined, Chicago*
-dol. per lb..
.077
Production, inspected slaughter, total
thous. of lb._ 508, 993
Lard
thous. of lb_. 99, 612
Stocks, cold storage, end of mo.
thous. of lb— 830, 880
Fresh and cured
.thous. of lb 657,466
Lard
_
thous. of lb.. 173,414
Sheep and lambs:
Lamb and mutton:
Consumption, apparent
-thous. of lb.. 52, 040
Production, inspected slaughter
thous. of lb._ 51,097
Stocks, cold storage, end of mo.
thous. of lb-.
2,023
Movement, primary markets:
Receipts
thous. of animals..
1,570
Slaughter, local
thous. of animals..
957
Slaughter, inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals..
625
Stocker and feeder
thous. of animals..
81
Prices, wholesale:
Ewes, Chicago
dol. per 1001b..
5.00
Lambs, Chicago
dol. per 1001b..
8.63
Poultry and eggs:
Eggs:
Receipts, 5 markets
thous. of cases.1,824
Stocks, cold storage, end of month:
1,207
Case
thous. of cases..
Frozen
thous. of lb.. 38, 694
Poultry:
Receipts, 5 markets
thous. of lb_. 16,435
Stocks, cold storage, end of mo.
thous. oflb_. 74, 201
|
373,610
1,135
376,913
1,561
489,601 i»436,960 ]415,516 499, 292 «438,808
1,060 i 1,680 ! 1,924
1,389
1,778
.090
.097
.092
.094
370,562
372,635
430,356
33, 781
30,658
1,171
786
1,296
829
1,558
1,006
•101
456
152
534
193
5.44
5.52
6.32 !
6.36 !
2,638
1,921
2,798
2,084
3,143 I
2,412 I
3,361 !
2,621 !
715
° 22
3.92
714
29
3.75
718
38
4.57
561,356
58,351
47,661
596,651
50,639
38,741
615,825
56,154
46,038
.114
.116
.121
.128 |
.135 j
.132
.124
.122 |
.127 |
.119 |
.048
.055
.049
.058
.066
.073
.066 !
.071 j
. 073
. 074
.060
.068
.060
.067
.057 |
.069 j
.059 |
.071
.051
.059
750,898 823, 375 707,930
150,410 171,519 148,330
631,418
129,045
539,848
108,085
.094 |
. 094
.098
.094
.096
475, 679 466,068
494,763
48,446
51,198
59,233
1,449 I 1,456
953
1,669
1,068
1,653
1,004
460
111
603
213
638
261
436,508 I 426,689
30,538 \ 35,136 | 41,823 |
489 !
150 i
737 |
46 |
4.58 j
6. 50 i 6.32
2,871 !
2,136 j
736
55
4.56
3,924
2,957
856
41
3. 94
6.23
6,494 i
5,552
1,032
37
4.04
605,983 !576,467 628, 786 637,565
52,093 51,112 49,240 61,157
37,941 36, 200 35, 714 48,743
623, 747 677,378
127,436 139,066
. 082
445, 009 423,351
70,010
79, 232
.089 .090
492, 762
431, 000
72, 948
« 64, 745
2,178 i 1, 699 ! 1,343 1,643 !
993 ! 854
1,160 !
1,098 |
731
381 i
971 i
528 I
6.77
2,521
1,699
813 j
33 i
4.49 I
652,097
61,864
49,812
i
491
176
5.26
5.32
3. 207
2,382
3,332
2,406
28
4.15
929
29
3.31
1,404
952
527
165
437
121
5.83
4, 231
2, 727
3,010 1,853
1,207
41
3. 38
873
34
4. 27
670,866 576, 717 715,880 • 512, 275
63, 705 67,453 62,617
50,715
36, 6
47,563 j 54, 778 51, 202
. 118
. 120
. 057
.066
. 062
.071
i
518,294 i 752,912 751,663 915,320 573, 708
98,180 143,491 150, 287 188, 461 115,974
671,914 702,255 781,442 946,980 1,027,581 981,177 822,498 627,001 645, 531 762, 206
), 160 a 910, 000
610, 240 630,360 670, 553 760, 730 808,322 756, 701 630, 437 493, 308 529, 454 629, 696 730,404 "733,956
61,674
71,895 110, 889 186,250 219,259 224,476 192,061 133,693 116, 077 132, 510 168, 756 a 176, 044
57, 790
56,419
54, 569
51.055 ! 56,762
60,116 ! 63,210
52, 543
54,869
56, 556
57,939
56,397
58,456 |
54,556
50,862 | 56, 666
60,540 ! 63,897
52, 952
56,026
56, 799
1,818
1,773
1,843 I
1,807
1, 594
1,487
1,886 !
2,511
1,844
1,099
2,097
1,152
2,402
1,319
2,091 | 2,228
1,167 j 1,106
2,795
1,249
2,911
1,277
3,268 I 2,064
1,351 I 1,068
912 i 1,103 ! 1,509
100 !
347
108 I
2.16 i 1.83 !j 1.88
7.28 | 7. 20
6.81
1,622
498
1.88
6.34
1,904
1,031 | 739
462 I 143
857 |
1.88
2.44
1.88 i
6.40 i 6.28 j
6.59
* 746
"67
1.75
5.38
948 I 1,081
107
125
1.88
5.18
1,639 i
2, 280
1,833 !
4,857
45,090 i 62,944
17,879 j
67, 285 |
TROPICAL PRODUCTS
Cocoa:
Imports #
long tons.. 30, 502 14,471
Price spot, Accra, N.Y
dol. per lb—
.0370
Shipments, Gold Coast and Nigeria
long tons.. 42, 235 25,349
Coffee:
1,242
Clearances from Brazil, total.thous. of bags..
1,245
636
To United States
thous. of bags..
678
1,305
Tmports into United States #„ thous. of bags..
1,109
.109
Price, Rio No. 7, N.Y
dol. per lb—
.082
1,534
Receipts at ports, Brazil
thous. of bags..
1.792
Stocks, world total, inch interior of Brazil
thous. of bags..
27,282 |
Visible supply, total excl. interior of Brazil
thous. of bags.. 8,084
5,778 j
United States
thous. of bags.. 1,025
703 j
a
Revised.
* New series. For earlier data, see p. 18 of the
# See footnote on p. 34 of this issue.
432,849 434,366 I 423,174 473, 257 465,155
1,164
1,344 I 1,689 1,859
1,657
18,617
45,824
1.88
6.10
2, 502 ;
1, 576
!
1,152 j
8,062 i 9,364 j 9,507
85,323 ! 103,019 ' 107,660
951
733
8,944
102,449
7,466
93,182
514
4,012 4,183
1,774
1,818
1,033 ! 1,132
47, 519
a
3, 052
1,454
902
691
116
547
79
2.75
7.23
4.18
8.33
590
1,365
24,086
22,121
23,966
24,862
5,175 \ 2,641
731
82,302 j 72, 348 61,419
32,098 I 80, 502 | 70, 640
38,131 I 42,705
44,970
47,789
50,177
59,528 ! 91,211 i 123,503 [ 120,177
20,177 « 101,776
11,346
.0420
23,123 |
20,324
.0388
14,801 j
.0450 |
18,097
.0480
18,198 j 23,884
.0550 I .0548
22,056
.0470
17,739
18,028
19,613 j 17,832 j 23,865
10, 260
1,116
597
922
.078
1,588
1,197
625
1,187
.082
1,631
26,089
651 |
2,888 |
« 48, 605
1,366
716
977
.076
1,543
i 1,586
I
745
865
! .076
I 1,440
24,233 | 23,095 ! 22,394
1,329
627
1,128
.076
1,565
1,465
770
834
.074
1,836
22,370 ! 23,5
10, 903
.0458
11,409 j 22,126 |
[
1,274
1,448
602
873
1,019
838
074
.074
1,646
1,434
50
49,910
31,531
90
181
19, 336
10, 767
.0419
19,146
.0472
16, 919
44,599
52, 253
47, 607
1,426
752
1,144
.081
1,520
1,877
997
1,100
.091
1,419
1,476
779
1,353
.107
1,381
24,725 !
5,888
5,754 i 6,140 i 6,418
6,634 I 6,957 t 7,179 I 7, 345
7, 590
7,564
7,718
735
821 •
735 i
1,006 !
976
945 I
747 I
966 ; 1, 076
1,038
980
January 1933 issue.
§ D a t a revised for 1932. For revisions, see p . 40 of the J u n e 1933 issue.
42
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1934
March
May 1934
1933
March
April
May-
June
July
1934
DecemAugust I SeptemOctober November
ber
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
TROPICAL PRODUCTS-Continued
Sugar:
Raw sugar:
Cuban movement:
Exports
Jong tons..
Receipts at Cuban ports
long tons..
Stocks, total, end of month
thous. of long tons..
United States:
Meltings, 8 portsf
long tons..
Price, wholesale, 96° centrifugal, New
York
dol.perlb..
Receipts:
From Hawaii and Puerto Rico
long tons..
Imports §#
long tons..
Stocks at refineries, end of mo.f
long tons..j
Refined sugar:
Exports, including maple §
-Jong tons..)
Price, retail, gran., N.Y
dol. per lb..
Price, wholesale, gran., N.Y
dol. per lb..
Shipments, 2 ports
long tons..
Stocks, end of month, 2 ports
long tons..
Tea:
Imports #
thous. of lb..
Price, wholesale, Formosa,fine,N.Y.
dol. per lb-_
MISCELLANEOUS PRODUCTS
Candy sales by manufacturers.. thous. of dol..
Fish:
Landings, fresh fish, principal ports
thous. of lb..
Salmon, canned, shipments
cases..
Stocks, total, cold storage, 15th of month
thous. of lb..
TOBACCO
1,862
289,
666
.031
201,877
140,503
406,345
2,825
2,911 J 2,882
2,637
2,386
2,213
I
361,308 411,361 358,713 408,918
342,037 | 345,677
.034
.035
.035
.030 !
.031 .033
2,081
277,642
.035
170, 909 227, 499 185,062 164, 316 176, 296 99,100 108,023
258,951 308,660 305, 753 261, 516 312,112 169, 933 177,152
281, 051 367, 545 426, 714 448,183 498, 052 369, 780 311,462
4, 248
. 051
. 044
53,045
30, 282
3, 325
.048
.041
52, 654
2,854
.048
.042
66, 774
3,090
.049
.044
76,163
3,625
.049
.045
62, 279
3,513
.054
.046
59, 718
4,062
.052
.046
67, 208
4,020
.052
.046
49,909
26, 046
25, 605
32, 826
36, 513
38,928
42, 018
32,649
6,758
6,635
7,067
7,295
5,846
8,909
11,575
9,496
. 185
18, 481
.175
.175
.175
.175
.175
.175
.175
14,852 ! 15,033
15, 561
11,844
10, 717
16, 286
21, 553
24,158
516, 749
28, 426
25,855
19, 335
1, 598
1,292
258, 209 264,
289
1,212
926
1,335
179,119 237, 313
259, 470
.032
.033
63,845 53, 354
170, 729 160, 903
30, 840 79, 790
105,123 173,846
192,519
114,484
290, 416 248, 054
203,513
.033
4,427
. 051
.045
36, 464
25,984
10, 929
. 175
.032
256,031
291, 644
4,900
.052
.044
35, 636
5,965
3,560
.052
.052
.042
. 043
34, 668 39, 925
23,473
4,187
.051
.044
48, 267
21,950
26,360
22, 701
6,418
7, 670
6,938
.175
.175
. 185
19,538
30, 297 22, 231 23, 784 34, 036 30, 542 33. 595 21,170 17, 043 16, 739
477, 019 301, 645 323, 634 700, 734 603, 692 318, 730 200, 074 312,064 403, 556
18,185
513,130
51,475
32,712
25, 711
33, 331
44, 882
55, 928
22,303
. 181
4, 696
22,319 I 20,516
19, 645
22, 598
.032
58, 338
57,188 i 44, 660
36, 725 38, 713 20, 251 18, 523 30, 621 24, 503 42, 396 66, 217 44,182 62,568 J 26,997
Exports §
thous. of lb.. 44,411
2,776
9,910
1,911
1,666 I 2,349
4,198 j 4,218
1,502
4,285
1, 880
Imports, unmanufactured #
thous. of lb_. 4,228
'1,396,174!
Production, crop estimate
thous. of lb..
Stocks, total, including imported types
2,278
2,009
(quarterly)
mills, of l b 2,099
2, 181
Flue-cured, fire-cured, and air-cured
1,529
1,717
mills, of lb..
1,599
1,785
389
377
400
Cigar types
mills, of lb..
389
Manufactured products:
Consumption (tax-paid withdrawals):
9,333
9,528
6,835
9,176
7,800 I 11,483
Small cigarettes
millions..
9, 526 11,189
7, 974
7, 973 12, 823 12, 463
Large cigars..
thousands.. 354,165 290,111 321,207 371,373 418, 570 400, 511 434, 821 423,600 408, 452 415, 347 276, 690 337, 292
Manufactured tobacco and snuff
thous. of lb_. 31. 478 « 27, 457 I 28, 847 31,838 32, 358 28, 782 32, 942 29,133 30, 546 25,407 21, 686 30. 846
Exports, cigarettes
thousands.. 246, 278 238, 126 ! 131,016 197, 603 142, 109 207, 360 171, 439 271,311 272, 496 238, 329 271,219 283,784
Prices, wholesale:
5.380
4.851 I 4.851 4. 851
4.851
4.851
4.851 i 5.274
4. 851
4. 851
4. 851 4. 851
Cigarettes.
dol. per 1,000..
Cigars
-dol. per 1,000.. 46.839
46.062 I 46.062 46. 062 46. 062 46. 062 46. 062 46. 062 46. 519 46. 461 46.461 I 46.616
28,406
5, 449
9,168
299, 214
28,351
188, 956
5.380
46.893
FUELS AND BYPRODUCTS
COAL
Anthracite:
88
60
96
83
99
Exports..
thous. of long tons..
71
Prices:
Retail, composite, chestnut
13.27
13.48
13.24
13.25
13.27
dol. per short ton..
12.00
Wholesale, composite, chestnut %
9.881
10. 874
9.341
9.922
9.912
9.881
dol. per short ton..
4,519
4,424
6,125
3,928
5,952
Production t
thous. of short tons—• 6,418
5,356
3.820
4, 012
5,189
3,521
5,198
Shipments f
thous of short tons..
308
« 515
1,106
725
316
533
Stocks, in storage
thous. of short tons,.'
Stocks, in yards of dealers, end of month
32
17
34
no. of days' supply..
53
29
19
Bituminous:
Consumption:
2,554
4,578
3,329
3,694
3,774
Coke plants
thous. of short tons..
3,832
Electric power plants t
2,805 <* 2, 304
thous. of short tons—
° 2,827
"2,817
2,870
4,481
Railroads
thous. of short tons..
4, 984
5,256
5,180
58
90
Vessels, bunker
thous. of long tons..
91
73
70
490
287
Exports
thous. of long tons..
3G9
448
382
Price, retail composite, 38 cities
7.43
dol. per short t o n 8. 23
8.24
8.18
S. 22
Prices, wholesale:
Composite, mine run...dol. per short ton..!
3.549 I
3. 972
3. 961
3.974
Prepared sizes (composite)
j
3.581
dol. per short ton..j 4. 216
4 164
4. 178
4. 210
19,523 I 22,488
32, 916
Production t
thous. of short tons—i 38, 497
29. 600
23,685
31,970
Stocks, consumers, end of month
|
22,480 L_
. . ! 22,972
23, 843
thous. of short tons—1 28, 424
32,840 ;
27,100
a
Revised.
5 DnU\ for 1 j:j2revised. For revision see u. M, su^ar, aivi p. V2, tobacco, of \ho
Dec. 1, estimate.
f For revised data for ye-ir VY.i2 soe p. 41 of tl
e M . i y 1 9 3 3 i s s u \ s ; ^ r , i r i i p . 12 of f i e M i v )'JV> i s > u j , b i t i i ' i i ' n o u ' co J c - w s u . n p t i o n b y e l e c ' r i o - j n w e r p i r n ' s . Data
for anthracite shipments revised for 1!W2. ^ -'• p. 2 of r / i e I v ^ e m l v r h'.'-'-i N"';<.:. F o r 11)32 f i n a l r e v i s i o n of d i i t l i r . i - j i t e a i i ' i i ; i i i r : ; i I M I H " o a i p i o d u c u o r 1 . ^ve p . A.' r-t t h e L~>niiarv
1934 issue. January and February Vj'oi r^vi-ii^:- ol K i ; : n i i n , : ' n i • »1 e yii^«ii:j ^ii-in 1>_ i 1 . ^ t r i e - r o w e r p h : i N : J - i n j u r y ~, VSi: F e b r u a r y 2,2'.i»>.
X Price converted to short-ton'h.'isK
# See footnote on p. 34 of this issue
43
SURVEY OF CURRENT BUSINESS
May 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
1934
1933
March
April |
May
June
July
Augustll* iSeptem
ber
n# , +rtK «»
I Novem- Decem- I JanuOctober, b e r
j ary
ber
Febru-
FUELS AND BYPRODUCTS—Continued
COKE
Exports
thous. of long tons.
Priee, furnace, Connellsville
dol. per short ton.
Production:
Beehive t-thous. of short tons.
Byproduct f
thous. of short tons.
Petroleuin
thous. of short tons.
Stocks, end of month:
Byproduct plants
thous. of short tons.
Petroleum, refinery
thous. of short tons.
45
23
14
46
62
73
85
72
56 i
39
39
55
3.43
1.75
1.75
1.75
1.84
2.50
2.91
2.63
3.47
3.75 i
3.75
3.63
3. 50
150
2,969
93
1,666
147
47
1,656
138
47
1,921
145
50
2,241
154
68
2,797
154
71
2,923
112
2,847
1,149
2,975
1,176
2,947
1,185
2,951
1,149
3,022
1,036
90
2,345 I 2,455
129
118 !
I 2,850
727
3,043 I
760 j
118
2,493
121
* 2, 793
1,149
45
2,582
139
3,053
891
97
2,476
127
1,713
60
2,712
139
3,080
987
2,347
637
1,808
595
67, 984
3,803
.380
75,302
63
68,822
2,910
.380
65,313
67
74, 340
2,206
.276
84, 747
69
74, 619
2,143
.315
82,841
72
79, 525
3,411
.460
84, 387
>
73
79,151
3,673
.505
85, 239
73
75,316
2,069
.768
78,186
71
75, 461
1, 758
.940
76,017
69
68,461 i 70, 440
1,875 I 2,876
.940 ! .940
69,755
72, 060
65
65
71,512
3,011
66, 470
2,416
94, 554
39, 909
295, 349
48,889
246,460
95, 349
39, 516
289, 933
48, 997
240,936
472
95, 322
38, 722
297,166
50,839
246, 327
444
95, 367
37, 537
303,260
50, 220
253,040
372
1,398
2,825
1,940
3,008
1, 867
2,886
2,215 i
2,805 I
2, 502
2, 951
2,607
2, 893
947
1,278
2,428
1,184
2,900
2,582
3, 259
1, 979
3,114
2,148
2,862
9,340
9,058
9,624
9,133
!
8,222
9,262 ,
9, 636
10, 052
10, 146
10, 309
9,959
10,182
10, 096
10, 728
10,398
10, 717
10,558
11,084
9,844
10, 860
9, 199
9, 769
« 653
2,809 !
2,826 I
!
.331 j
«720
2,948
2,726
a
892 ! ° 1,031
2,926
2,891
3, 179 |
2,896
"979
2, 817
3,070
°904
2,953
2,669
« 943
3,292
2, 397
a
918
3,154
1,511
"954
3,118
2,705
"910
3, 166
2,646
878
2, 890
2, 399
'19,847
56 !
PETEOLEUM AND PRODUCTS
Crude petroleum:
Consumption (run to stills) __-thous. of b b L
71, 807
Imports^
.thous. of bbL
2, 272
Price, Kansas-Oklahoma
dol. per b b L
.940
Production 1
thous. of bbL
75, 548
Refinery operations
_pct. of capacity67
Stocks, end of month:
California:
Heavy crude and fuel oiL.thous. of b b l .
81, 584
Light crude
thous. of b b l .
34,093
East of California, total T .—thous. of b b L h 3U, 576
Refineries 1
_
__thous. of b b L
56, 383
T a n k farms and pipe lines ^thous. of bbL ^255, 193
VVells completed 1___
_
number.
930
Mexico:
Exports
thous. of bbl
2,260
Production
thous. of bbL
Venezuela:
Exports...
thous. of b b L
10, 268
Production
thous. of b b l .
10, 900
Refined products:
Gas and fuel oils:
Consumption:
Electric power p l a n t s !
thous. of b b l .
824
Railroads
. . t h o u s . of b b L
Vessels, bunker
thous. of b b L "2," 781
Price, fuel oil, Oklahoma, 24-26 refineries
.738
d o L
Production:
Perb b L
Residual fuel oil* 1
. . t h o u s . of b b l .
20, 539
Gas oil and distillate fuels* 1
t h o u s of b b L
8,004
Stocks:
'
Residual fuel oil, east of California* 1
thous. of b b l .
14, 044
Gas oil and distillate fuels, total*
Gasoline:
thous. of b b L . 10, 658
29, 733
Consumption 1
.thous. of b b l .
2, 235
Exports
thous. of bbL
Exports, value. (See Foreign Trade.)
Price, wholesale:
. 158
D r u m s , delivered, N . Y
dol. per gal.
.044
Refinery, Oklahoma
dol. per galPrice, retail, service station, 50 cities
Production:
dol. per gal.
At natural gas plants J
thous. of b b l .
3, 019
At refineries 1
thous. of bbL
32, 705
Retail distribution (41 States) t
mills, of galStocks, end of month:
1,022
At natural gas plants.
thous. of bbL.
At refineries ^
thous. of bbL.
Kerosene:
4,218
Consumption 1
thous. of b b l .
657
Exports
thous. of b b l .
Price, 150° water white, refinery, Pa.
.048
dol. per gal4,576
Production.
. . t h o u s . of b b L
4,986
Stocks, end of month
thous. of b b l .
Lubricating oil:
1,643
Consumption J
thous. of b b L
Price, cylinder oil, refinery, P a .
.220
dol. per gaL.
Production
thous. of bbL.
2,152
Stocks, refinery, end of m o n t h
thous
6,837
Other products:
' ofb b l Asphalt:
Imports^
thous. of short tons..
0
Production *?__
thous. of short tons..
156
Stocks, refinery, end of month
thous. of short tons..
371
Coke. (See Coke.)
Wax:
Production
thous. o f l b . . 43,120
Stocks, refinery, end of month
thous. of lb_. 80, 644
10, 076
9,945
«676
2,785
2,813
95,
36,
306,
48,
258,
335
625
969
304
665
548
83,812
95, 273
94,926 92, 507 90, 242 87,826 ft85, 889
b
33, 864
33, 350
*> 35,197 * 35, 076 *35, 568 *>35,399 > &34,104
315,563 !>315,878 6312,815 >311,758 )6312,070 '311,659 *309, 864
* 56, 429 b 56,452 ''54, 458 655,837 *> 57,048 ft 55, 458 *55, 582
b
259, 134 ^259,426 258,357 '255,921 ^255,022 >25G, 201 6254, 282
910
643
992
905
955
810
1,070
.325
.356 |
19,145
20, 010
20, 556 I
.415
21, 572
.444
21, 049
.563
20,143
.620
20, 819
.650
19, 004
.663
18, 962
6,845
5,751
6,108
6,271 ;
7, 295
6,143
6,375
7,157
6,391
7,252
18, 824
20, 315
18,957
17, 660
16,134
14, 233
20, 454
32, 973
2,455
19, 016
30, 262
2,771
' 16,212
14, 136
12, 322
28, 787
1,452
29,519
24,947
1, 772
.165
.048
.165
.041
.174
.052
.177
.051
.177
.050
.177
.050
. 131 i .135
2,669 ! 2,769
35,428
36, 576
.140
2,824
36,524
.145
2,791
36, 581
2,981
35, 971
2,931
17,374 I
12, 890
33, 999
1,955
17, 60
37, 710
34, 458
2,154 j 3, 029
.135
.026
.143
.023
.145
.026
.116
2, 771
31,577
.116
2,674
31,921
.108
2,776
34,611
14,980
.149 i
.037 I
32,891
3,005
31, 685
°885
°970
«1,075 I « 1,005
« 1,085
1,030
962
814
35,881
926
33, 757
873
30, 582
950
30,142
847
29, 038
2,975
629
2,925
3,005
3,115
349
2,041
846
2,799
620
661
28,747
3,375
726
572
28,572
3,406
922
609
27, 308
3, 726
1,045
.048
3,877
4,827
.047
4,046
5,230
.045
4,146
5,761
.044
4,126
6,404
.044
4,272
7,785
.044
4,109
8,445
4,004
8,343
.053
3, 993
7,987
.053
4,005
7,217
« 6, 557 :
1,143
1,390
1,624
1,646 I
1, 630
1,535
1,426
1,507
1,538
.113
1,794
.116
1,871
.134
2,114
.149 1
1,846 i
.169
1,965
.179
2,019
.183
2,046
.190
2, 115
.190
2,375
8,712
8,330
8,167
7, 734 ! 7,199 7,226
i
1
2
i
1
247
247 ! 265
288 ! 278
7,007
6, 776 ! 7,075
0
0
218
253
234
1
156
4 '
151 :
242
259
255
36,400
37,800
40,600
38, 640 | 36,120
136, 785
124,927
124, 770
112,614 | 98,536
40, 320
42,280
85,924 l 80,300
i
. 165 !
. 048 j
. 166
.048
;
a
3, 024
33, 462
1
2, 795
30, 472
;
979
41, 852
i
752
36, 882
298
1,797 I
.142
"811
306 I
7, 155
20,160
34,303
1,802
17, 763
304
a
7, 691
18, 948
37,426
1,550
17, 230
11,390
30,176
3,024
152 I
a
.750
18, 183
1
19.097
17,941
17,714
124
.690
f
11,557
28, 227
1,829
2
229
71, 976
66
6
19, 246
.363
.940
65, 450
69
.940
852 I
931
r
992
' 34, 760
4,143
851
;
992 j
37, 774 I
4,245 !
576 !
4, 154
716
.048 I
4, 507 i
6,228 !
. 045
3,yb"l
5, 299
1,667 i
1,359 i
1, 128
2, 212 I
.208 I
2, 198 I
.220
1, 805
7,020 i
7, 120
3!
142 j
106
.052 I
4, 289 j
' 7, 030
1
331
47, 320 ; 43, 680
41, 720 , 46, 480
30. 200
75,803 ; 72,751
68, 833 i
83, 791
78, 934
* N e w series. F o r earlier d a t a see p . 20 of t h e F e b r u a r y 1933 issue.
fr See footnote on p . 34 of t h i s issue.
t F o r revised figures for year 1932 see p . 43 of t h e M a y 1933 issue, c o n s u m p t i o n of fuel oils b y electric power p l a n t s , a n d p . 43 of t h e M a y 1933 issue, retail d i s t r i b u t i o n of
gasoline for^ 1932. D a t a for coke revised for 1932. See p . 43 of t h e D e c e m b e r 1933 issue. Revision of c o n s u m p t i o n of fuel oil b y electric power p l a n t s : J a n u a r y 1933, G76;
f D a t a revised for 1932. F o r revisions of m o n t h s J a n u a r y t o A u g u s t , inclusive, see p . 56 of t h e N o v e m b e r 1933 issue.
Revised.
» Statistics here given as of A u g . 31 a n d s u b s e q u e n t m o n t h s , are n o t c o m p a r a b l e w i t h these figures for earlier m o n t h s because of revisions a n d transfers from o n e
k i n d of storage to a n o t h e r as a result of t h e n e w form of report to t h e Petroleum Administrative
Board. T h e B u r e a u of Minos has n o t found it possible t o reconcile t h e s e
figures a n d will report t h e ngures henceforth to c o m p a r e with t h e August d a t a . T h e Aug. 31 figures on t h e old basis are on p . 42 of t h e N o v e m b e r 1933 issue
« Beginning A u g . 31 figures reported on t h e n e w basis caused by transfer of 414,000 barrels from gas-oil a n d fuel-oil stocks.
0
N e w basis as of Dec. 31 caused b y 1.089,000 barrels being classified as fuel oil.
' N e w basis caused b y transfer of 243,000 barrels from bulk t e r m i n a l stocks a n d a p p r o x i m a t e l y 93,000 barrels transferred from refinery stocks
« N e w basis resulting from transfer of a p p r o x i m a t e l y 7,000,000 barrels from finished stocks to unfinished stocks a n d addition of stocks not previouslv reported
a
44
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
May 1934
1933
March
March
April
May-
June
1934
Decem- January FebruOctober NovemAugust September
ber
ber
ary
July
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins § #_thous. of lb.
Calf and kip skins
thous. of lb_.
Cattle hides
thous. of lb_.
Goatskins
thous. of lb_.
Sheep and lamb skins
thous. of lb.
Livestock, inspected slaughter:
Calves
thous. of animals..
Cattle
thous. of animals..
Hogs
thous. of animals..
Sheep
.thous. of animals..
Prices, wholesale:
Packers, heavy native steers, Chicago
dol. per lb.
Calfskins, no. 1 country, Chicago
dol. perlb.
LEATHER
Exports:
Sole leather
.thous. of lb..
Upper leather § _. _
thous. of sq. ft..
Production:
Calf and kip*
.thous. of skins..
Cattle hides*t
thous. of hides..
Goat and kid*
thous. of skins..
Sheep and lamb*t
thous. of skins..
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb_.
Upper, composite, chrome, calf, black, " B "
grade
dol. per sq. ft..
20,709
1,856
6,388
7,598
3,457
14,256
1,816
3,127
5,454
2,090
17,516
3,445
4,463
6,222
1,150
29, 292
4,606
10,432
3,759
5,909
38,996
6,353
14,887
7.184
7,412
50,103
6,500
24,836
8,579
7,756
50,828
5,492
26,374
8,733
8,320
36,354
3,191
17,488
8,291
5,083
32,645
4,192
14, 450
7,901
4,086
21, 588
2,405
10,227
5,319
2,368
20, 766
2,104
7,762
6,837
2,541
18, 662
2,840
5,807
6,140
2,494
17, 683
1,580
5, 837
5,837
3,315
534
771
3,039
1,242
398
617
3,602
1,413
426
616
3,847
1,409
476
717
4,286
1,505
441
751
4,626
1,490
401
752
3,914
1,399
416
840
3,477
1,532
405
821
455
861
3,058
1,668
424
777
4,501
1,356
402
721
4,530
1,390
471
831
5,391
1,407
437
733
3, 433
1,159
.096
.052
.062
.098
.122
.137
.150
.132
.103
.103
.099
.101
.103
.121
.066
.076
.121
.153
.174
.190
.174
.158
.156
.167
.144
.137
282
6,144
162
6,005
168
4,541
123
5,192
88
4,876
175
6,464
167
4,917
124
6,315
113
5,263
113
6,703
116
6,684
252
6,160
136
4,859
920
1,308
3,419
2,142
822
1,184
2,770
1,849
1,051
1,408
3,121
3,319
1,384
1,491
3,924
4,012
1,393
1,463
4,145
4,237
1,435
1,563
4,634
3,934
1,113
1,439
4,005
3,239
1,126
1,538
3,994
3,290
1,063
1,623
3,786
2,630
1,013
1,520
3,763
2,322
981
1,640
4,290
2,580
879
1,662
4,074
3,558
.30
.23
.23
.29
.34
.37
.40
.39
.35
.31
.32
.32
.347
.236
.241
.281
.314
.330
.348
.349
.344
.337
.350
.352
166, 375
83,188
83,187
190,893
101,987
88,906
251,036
121,494
89, 382
297,697
150,455
147, 242
294,481
142, 508
151,973
316,436
168, 559
147,877
281,363 282, 249 228, 486 178, 398
141, 776 127, 317 100, 559 57,050
139,587 154,932 127, 927 121,348
171, 242
69,196
102, 046
100
71
71
57
63
51
80
.352
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs..
Dress and street.
dozen pairs..
Work..
dozen pairs..
Shoes:
Exports
thous. of pairs..
Prices, wholesale:
Men's black calf blucher,
j
Boston
dol. per pair..!
Men's black calf oxford, lace,
St. Louis
dol. per pair..
Women's colored calf, Goodyear welt, oxford, average.
dol. per pair..
Production, total
-thous. of pairs..
Men's...
thous. of pairs..
Boys' and youths'
thous. of pairs..
Women's
thous. of pairs..
Misses' and children's
thous. of pairs..
Slippers, all types
.thous. of pairs..
All other footwear
thous. of pairs..
64
58
74
78
40
5.50
5.50
5.50
5.50
5.50
5.15
5.35
5.40
5.40
5.50
5.50
5.50
4.15
3.85
3.85
3.85
3.85
4.08
4.23
4.35
4.35
4.35
4.20
4.15
4.00
3. 25
28, 576
6,837
1,532
11, 608
3,081
2,399
3,119
3.25
27,630
6,217
1,607
10, 726
2,985
2,583
3,512
3.27
32,965
8,362
1,683
11,950
3,248
3,525
4,197
3.35
34,861
9,040
1,932
12,061
3,226
4,340
4,262
3.45
33,749
8,328
1,993
12,587
3,052
4,513
3,276
3.77
37,019
9,138
2,103
14, 521
3,201
4,735
3,321
3.85
31,234
7,656
1,711
12,098
2,670
4,138
2,962
3.85
31, 455
8, 293
1,827
10, 999
2,492
4,986
2,858
3.85
23,695
6,909
1,515
6,783
1,974
4,256
2,258
3 93
4.00
20,095 a 25, 787
6,186
<* 7,046
1,150
« 1, 342
6,765 ° 10, 639
1,889
° 2, 589
1,955
« 1, 424
2,151
<* 2, 746
4.15
4.00
* 29, 676
7,785
1,463
12,009
3,041
2,212
3,165
LUMBER AND MANUFACTURES
LUMBER
70, 282
94,525 95, 235 78,192
75,965
Exports, all types*
M ft.b.m.. 83,453 67, 719 75,185 89,304
80,469 72,741 I 97,956 96, S
Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
a
3,778
3,077
3,879 I 2,266
1, 902
3,678
5,430
7,515
6,498
6,868
7,555
6,681
3,147
Sales
M ft.b.m..
60, 533
60,199 62, 345 60, 344 59,031
56,902 55, 606 I 56, 764 58, 837
Stocks, end of month
M ft.b.m.. 61, 827 '53,277 57, 227 58,122
Retail yards, Tenth Fed. Res. Dist.:
1,862
1,792
1,662
2,326
2,124
2,268
2,168
2,059
2,026
2,534
2,175
2,506
2,430
Sales
M ft.b.m..
27, 665
29,156
28,059
28,365 29,034 29,208
Stocks, end of month
M ft.b.m.. 28, 351 27,031 28,029
27,493
28,428 28,190 27,951
Flooring
Maple, beech, and birch:
Orders:
2,452
3,942
2,219
2,643
3,629
4,763
5,195
3,485
2,419
2,243
1,501
6,438
3,759
New
M ft.b.m..
3,899
5,141
4,789
5,388
4,656
5,667
5,535
4,994
5,889
4,622
7,167
3,420
5,755
Unfilled, end of month
M ft.b.m..
1,078
1,650
2,353
4,252
2,486
2,964
4,596
2,832
3, 761
2,342
2,784
736
3,161
Production
M ft.b.m..
2,097
2,715
3,234
4,643
3,386
3,665
3,665
4,384
4,326
2,300
2,622
1,246
3,236
Shipments
_
M ft.b.m-.
18, 666
14,590 14,228 17,171
17, 723
18, 610 18, 546 18,210 19, 349
Stocks, end of month
M ft.b.m.. 18,828 18,483 17, 238 16,129
Oak:
Orders:
682
3,365
5,423
9,654
22, 645
13,499
6,341
9,445 12,858
28, 238
12,263
7,616
8,130
New
M ft.b.m..
17,581 13,924 14, 567
11, 377
29, 788
11,456 12,066 10,655 10, 245
Unfilled, end of month
M ft.b.m.. 17, 005 15,095 15, 568 22,418
6,900
15,888 17, 693 18,446
9,376
8,919
7,737
6,989
4,959
6,854
6,953
7,553
12,464
Production
M ft.b.m..
5,137
17, 723 13, 676 12,793
9,563
8,112
7,573
8,624 10,017
6,417
9,479
14,549
Shipments
M ft.b.m.. 13,711
37,176 42,806 60,946
62,415
63795
65, 285
65 02
65, 234 65, 051
65,029
63,795
48,073
Stocks, end of month
M ft.b.m.. 62, 532 52,130 50,190
Hardwoods
Hardwoods (Southern and Appalachian districts) :
Total:
Orders:
124
184
233
128
71
128
128
143
146
New
mill.ft.b.m..
135
(l)
240
200
218
240
208
230
264
211
234
226
247
239
Unfilled, end of month
mill.ft.b.m..
0)
150
165
124
128
135
143
64
135
169
131
71
120
Production
mill.ft.b.m..
0)
131
158
90
116
124
98
229
116
203
124
128
120
Shipments
mill.ft.b.m..
0)
1,728
1,891
1,887
1,870
1,826
1,740
1,789 . 1,789
1,784
1,862
2,058
1,982
Stocks, total, end of month...mill.ft.b.m..
0)
1,528
1,581
1,657
1,651
1,652
1,562
1,530
1,832
1,548
I
1,550
1,735
1,623
Unsold stocks
..mill.ft.b.m..
0)
a
Revised.
* New series. For earlier data see p. 19 of the June 1933 issue, leather, and p. 20 1of the November 1932 issue, lumber exports.
§ Data revised for 1932. For revisions see p. 43 of the June 1933 issue.
Data not computed for May 1933.
# See footnote on p. 34 of this issue.
t Data revised for 1933. See p. 44 of the April 1934 issue.
45
SURVEY OF CURRENT BUSINESS
Mav 1934
1933
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
March
March
April
LUMBER AND
June
May
July
1934
August SeptemOctober
ber
No v e m
b e r -
Decem- January
ber
February
MANUFACTURES—Continued
LUMBER—Continued
Hardwoods—Continued
Hardwoods (Southern and Appalachian districts) —C ontinued
Gum:
Orders, unfilled, end of month
mill.ft.b.m..
Stocks, total, end of month
mill.ft.b.m,.
Unsold stocks
mill.ft.b.m..
Oak:
Orders, unfilled, end of month
mill.ft.b.m..
Stocks, total, end of month
mill.ft.b.m..
Unsold stocks
mill.ft.b.m..
Northern hardwoods:
Production
—M ft.b.m..
Shipments
(J)
68
356
288
77
427
350
80
453
373
65
350
285
76
364
288
48
382
334
44
395
352
411
365
46
414
368
85
538
453
83
545
462
71
554
482
78
549
471
76
557
481
92
570
477
85
582
496
85
584
499
588
500
3,523
16,353
5,553
26,690
7,382
26,280
11,376
21,814
9,574
14,290
10, 285
13, 039
10,677
10,686
13,298
9,811
15,178
11,162
16,733
13,354
31, 771
28,132
35, 795
24,478
39,447
15,681
32,968
23,308
24,933
16,408
27,515
16, 043
25, 361
14,854
20,373
11, 602
30,871
18,975
27, 599
10, 094
25, 492
13, 876
145,933 141,457
123,103 107,883
134,294
120,417
229,196
195,175
247,549
203, 680
154,439
218,900
122,656
105,645
131,161
112,807
118,179
116, 388
164, 287
120,865
69,385 119,970
123, 351 142, 352
119,970
144,143
10.67
11.02
48
425
377
52
411
358
392
332
90
528
492
67
584
517
563
494
7,432
8,941
4,914
14, 372
24,878
34,425
M ft.b.m..
0)
8
Softwoods
Fir, Douglas:
Exports: §
Lumber
M ft.b.m..
Timber
M ft.b.m..
Orders:
New 1
M ft.b.m..
Unfilled, end of month
M ft.b.m..
Price, wholesale:
No. 1 common
dol. per M ft.b.m..
Flooring, 1x4, " B " and better
dol. per M ft.b.m..
Production ^
M ft.b.m..
Shipments 1
M ft.b.m..
Hemlock, northern:
Production
M ft.b.m..
Shipments
M ft.b.m..
Pine, northern:
Orders, new
M ft.b.m..
Production.
_.
M ft.b.m..
Shipments
M ft.b.m..
Pine, southern:
Exports:
Lumber § . . .
M ft.b.m..
Timber §
.M ft.b.m..
Orders:
New...
M ft.b.m..
Unfilled, end of month
_.M ft.b.m..
Price,
flooring
dol. per M ft.b.m..
Production
_M ft.b.m..
Shipments
M ft.b.m..
Redwood, California: J
Orders:
New
M ft.b.m_.
Unfilled
M ft.b.m..
Production...
M ft.b.m..
Shipments
_M ft.b.m..
25,380
20, 824
11.34
13.36
16.20
16.99
16.91
18.39
18.27
21.30
21.34
37.00
22.42
150,857 105, 645 115, 046 137,428
131,161 119,970 140,114 149,962
24.59
175, 030
197,860
30.81
196,070
184,879
32.62
188,460
184, 431
33.79
136,980
141,904
33.85
132, 056
119,522
33.71
128,027
118,179
2,991
14,856
4,053
6,987
3,631
6,464
6, 312
6,297
7,095
1,377
8,196
6,997
1,029
6,456
5, 224
1, 578
6,192
2, 357
5, 535
21,156
7,431
20,415
4,516
22,655
7, 652
19.00
2,443
5,176
1,747
7,555
2,354
11,440
4,161
14, 447
2,770
14, 646
2,731
13,526
2,355
9,690
6,272
4,928
7,612
5,050
0
4,966
9,352
1,246
8,317
13, Oil
7,035
11,984
14, 548
14,942
15, 069
13, 599
15, 335
14, 733
9,323
16, 270
12,829
11,842
16,139
12, 925
2,350
17,775
10,253
8,664
12, 770
26,549
6,491
17,300
7,684
21,427
4,831
21,188
4,560
29, 532
9,015
23,843
8,353
24, 686
5,915
21, 677
5,632
19,038
5,229
133, 794 113,044
87, 681 63,838
38.16
17.44
124,469 87,401
117,391 100,714
112,854
67,414
17.55
88,752
110,019
24,979
7,582
179,843
92,049
18.56
115,783
154,498
158,833
88,255
22.70
120,613
159,210
120,352
81,031
28.57
125,935
131,646
117, 535
70,745
31.85
132, 539
128,700
98,426
59,976
35.30
113, 504
107, 226
91, 298
55, 073
37.93
103, 751
90, 329
90, 617
54,637
38.14
103,108
95, 057
26, 083
32, 222
25,184
21, 755
13,744
17,493
12,147
14,207
17,965
19,113
9,804
15,731
29,834
30,117
7,490
18,249
37,572
39,309
7,013
27,838
30, 646
37,706
9,497
31,843
24,017
30, 511
15,390
30,818
22, 340
27,711
17,963
24,758
23,306
26, 325
22,154
24, 481
39,581
39,810
16,475
25, 733
30.0
18.0
27.0
37.0
42.0
52.0
46.0
55.0
59.0
7.0
8
13.0
6
7.0
7
8.0
8
7
3.5
11
3.0
15
3.0
13
5.0
12
14.0
8
11
17
18
18
12
9
18
29.0
19
11.0
5
19
14.0
18
24.0
6
18
25.0
6
21
34.0
10
25
30.0
13
26
42.0
13
25
42.0
13
14,298
30,388
17, 259
35,962
38, 608
42,895
51,109
44,313
96,953
58,191
79,831
95,772
93,899
82, 284
62.1
89.5
74.1
73.6
62.1
89.5
74.1
73.6
62.1
89.5
74.1
73.6
63.6
89.5
74.1
76.7
66.1
89.5
74.1
76.7
73.2
91.0
85.6
76.7
76.1
91.0
87.5
76.7
36, 943
76, 705
76.1
91.0
87.5
81.7
19. 00
18.50
37.00
37.00
111,017 109, 226
106, 093 81.472
37.00
132,056
111,912
73,167 102,720
53,068 76, 064
38.41
38.11
95,983 lOfi, 019
81, 272 88,198
108, 336
90,425
38.21
112,141
99,193
15, 228
33,872
16, 733
21, 674
13,935
26, 853
19,939
20,349
20, 278
27, 698
22,901
18,943
42.0
34.0
31.0
30. 0
16.0
7
12.0
5
4.0
10
3.0
23
36.0
9
20
33.0
7
18
29.0
6
18
28.5
14,147
41, 660
11,894
19, 698
37,-518
37,943
34,123
51, 145
76.1
91.0
87.5
79.4
76.1
91.0
87.5
79.4
76. 1
90.1
87. 5
79.4
76.1
90.1
87.5
79.4
FURNITURE
Household:
All districts:
Plant operations *
percent of normal..
Grand Rapids district:
Orders:
Canceled
percent of new orders..
New.
..no. of days' production..
Unfilled, end of month
no. of days' production..
Outstanding accounts, end of month
no. of days' sales..
Plant operations f
percent of normal..
Shipments
no. of days' production..
Southeastern district:
Orders, unfilled, end of month
dol., average per firm..
Shipments
dol., average per firm..
Prices, wholesale:
Beds
1926=100..
Dining-room chairs, set of 6
1926=100
Kitchen cabinets
1926=100..
Living-room davenports
1926= 100..
Steel furniture. (See Iron and Steel Section.)
76.1
90. 1
87.5
79.4
METALS AND
MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
178, 023
184, 585 178,023
164, 755 157,600
Exports §
long t o n s - 261,
261,269
80,567 100,395 123,169 102,
102,581
157, 600 184,585
581 88,311 119,374 108,823 164,755
269
Imports *#
- . J o n g t o n s . . 38,393
28,061 26,295
28, 979
31,310
31, 310
22,053
38, 393 22,114
26, 295 34,368 52,805 46,839 55,706
55, 706 46,673
46, 673 28,979
22, 053
Frice, iron and steel composite
32 .42 | 32.42
31.30
29. 81
.59
dol. per long t o n . . 32.40
28.16 28.45
29.81
30.04
31.30 31.59
31.59 31
31.59
32.42
28.73
28.35
28.16
Sales, iron, steel, and heavy hardware
100
107
93
91 \
105
January 1921 = 100..
99
54
59
80
95
95
96
105
100
107
93
91
SS
96 |
99
54
59
80
1 Data for March, June. August, and November 1933 and March 1934 are for 5 weeks; other months, 4 weeks.
• New series. Earlier data on furniture activity, all districts, not published. For imports of iron and steel see p. 20 of the November 1932 issue.
§ Data revised for 1932. For revisions see pp. 44 and 45, lumber and p. 45, iron and steel of the June 1933 issue.
T Revised. Earlier data not published.
1
Data not computed for May 1933.
# See footnote on p. 34 of this issue.
t Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included.
151,384
25,407
32.42
7S
46
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1934
March
1934
1933
March
April
METALS AND
May
June
July
Decem- January FebruOctober NovemAugust September
ber
ary
ber
MANUFACTURES—Continued
IRON AND STEEL—Continued
Ore
Iron ore:
Consumption by furnaces
thous. of long tons..
2,190
593
772 I 1,266
1,894
2,626
2,612
2,102
Imports #
thous of long tons
79
45
15 !
21
39
81
159
136
Receipts:
Lake Erie ports and furnaces
thous. of Ion? tons..
0
0
9
448
887
2,483
3,930
4,205
Other ports..
--thous. of lone tons
0
0
28
353
343
515
1,132
1,200
Shipments from mines.-thous. of long tons.
0
0
83
901
1,281
3,431
5,101
5,504
Stocks, total, end of month
thous. of long tons, _ 29,041
29,557
28,848
28,314
27,479
27,772
30,156
33,449
At furnaces
thous. of long tons _ 24,060
24,486
23,879
23,407
22,690
22,980
25,260
28,415
Lake Erie docks
thous. of long tons.
4,981
5,071
4,969
4,907
4,789
4,792
4,896
5,034
Manganese ore, imports (manganese content) f
thous. of long tons-.
3 |
2
6
4
4
23
Iron, Crude, and Semimanufactured
Castings, malleable: *
Orders, new
...short tons.. 42,961
12,508
18,449
24,671
31,997
28,458
28,323
22,744
Production
short tons.. 43,438
9,959
18,566
24,628
31,118
30,865
31,811
27,078
Percent of capacity
49.9
11.4
21.8
29.0
35.8
36.3
36.6
31.6
Shipments
short tons._ 41,530
11,077
17,261
23,077
29,268
29,155
30,195
25,402
Pig iron:
Furnaces in blast, end of month:
Capacity—
long tons per day.. 53,720
15,580
22,805
33,160
51,675
61,435
56,070
48,215
89
Number
96
38
48
63
90
106
98
Prices, wholesale:
Basic (valley furnace).._dol. per long ton..
17.00
13.50
13.50
14.20
15.00
15.50
16.20
17-°O
Composite pig iron
dol. per long ton..
17.94
14.68
14.75
15.47
16.02
16.70
17.16
17.87
Foundry, no- 2, northern (Pitts.)
19
dol. per long ton_.
19.39
16.39
16.39
16.59
17.39
17.89
18.59
-39
Production
thous. of long tons...
1,620
542
624
887
1,265
1,792
1,833
L622
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, gas-fired:
84
Production
thous. of B.t.u
20,837
44,681
70,265
44,308
43,857
52,737
>
Shipments, quantity.
thous. of B.t.u...
29,004
22,918
88,444
66,757
70,787
61,446
95,765
Shipments, value
dollars..
25. 979
20, 025
53, 934
49,170
58, 252
56, 558
90,566
Stocks, end of month
thous. of B.t.u..
554,391 583,037 549.059 518,384 495,150 486,438 473,506
Boilers, range:
Orders:
New
number of boilers... 36,015
36,586
39,436
92.99S
57,549
44,961
66,977
33,443
Unfilled, end of month, total
number of boilers.. 14,253
4,967
8,872
35,974
24,948
24,734
34,337
17,158
Delivery, 30 days or less
number of boilers.. 11,935
3,289
7,397
34,335
21,863
21,280
31,208
15,468
Delivery, more than 30 days
number of boilers..
2,318
1,678
1,475
1,639
3,085
3,454
3,131
. c
Production
number of boilers... 43,097
38,499
35.278
64,457
68,284
48,762
60,398
51,463
Shipments
number of boilers.
41,189
37,866
35,531
65,896
68,575
45,175
57,374
50,622
Stocks, end of month...number of boilers.. 26,868
25,843
25,590
24,151
23,860
27,447
30,471
31,312
Boilers, round:
Production
thous. of lb..
4,913
1,811
2,393
3,242
3,870
4,168
5.408
5,076
6 i37
Shipments.
thous. of lb_.
2,827
1,772
1,792
2,403
4,159
3,954
4,357
»
Stocks, end of month
thous. of lb.
40,558
24,235
24,927
26,063
26,124
28,335
29,394
28,548
Boilers, square:
Production
thous. of lb.
15,255
6,211
9,613
12,140
13,539
14,848
15,240
15,248
Shipments
-thous. of lb_.
8,241
4,860
4,465
6,412
10,828
12,124
14.685
20,509
Stocks, end of month. __
-thous. oflb_. 108,077 100,409 105,457 111,099 116,938 122, US 121,451 117,419
Boiler fittings, cast iron:
4 43
Production
short tons._
4,178
1,592
1,577
2,919 I 4,706
4.417
6,025
> 0
4
Shipments
short tons. _ 3,184
2,228
2,322
4,191
5,464
6,072
5,640
» 575
Boiler fittings, malleable:
Production
short tons.
2,730
1,100
1,284
2,140
3,607
4,107
4,436
3,147
Shipments
short tons.
2,094
1,302
1,586
2,827
3,765
4,499
3,876
2,661
Radiators:
4
Production.-thous. of sq. ft. heating surface-. , 2,923
2,231
3,002
3,754
4,138
3,368
5,355 j
»326
Shipments.-thous. of sq. ft. heating surface2,182
1, 542
1, 605
2,133
3, 346
3, 727
4, 354 j
5,173
Stocks, end of month
thous. of sq. ft. heating surface.. 31,365
30,417
31,992 | 33.512
35,626
35,346
36,317
35,614
Radiators, convection type: *
New orders:
Heating elements only, without cabinets or
grilles..thous. of sq. ft. heating surface t--.
35
35
68
95 |
55
64
68
Heating elements, including cabinets and j
grilles..thous. of sq. ft. heating surface t-_j
60
128 [
241
160 |
173
173 ! 163
Sanitary Ware
Bathroom accessories: t
Production
number of pieces.. 167,684 149,477 142,164 186,896 176,775 235,443 263,940 227,363
Shipments
.number of pieces.. 161,893 163,220 144,612 191,857 183,550 229,858 276,601 231,814
Stocks, end of month
number of pieces.. 374,420 389,392 391,819 382,858 379,653 384,068 371,407 366,956
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars..
182.00
182.03
183.93
197.50
203.56
205.78
215.02
Porcelain enameled flatware:
Orders, new, total
dollars.. 731,321 344,763 475,156 493,892 653,402 692,240 672,671 638,236
Signs
dollars.. 197,691 144,615 195,358 217,813 210,228 236,173 236,017 233,255
Table tops
_.dollars.. 105,844
75,177 121,182
91,861 191,979 176,416 218,010 166,039
Shipments, total...
dollars.. 715,665 324,114 388,115 504,576 556,300 643,164 698,452 620,876
Signs
dollars.. 231,974 126,671 148,793 216,901 209,375 194,706 239,526 203,417
Table tops
dollars.. 114,041
72,983 104,820 106,946 116,67P 183,603 244,588 182,013
11mports from Cuba not included.
* New series. For earlier data, see p. 20 of the April 1933 issue castings and p. 20 of the January 1933 issue price seriei
not published.
+ In equivalent direct radiation.
t Revised series. For earlier data, see p. 20 of the October 1933 issue.
° Revised.
# See footnote on p. 34 of this issue.
May 1934
1,460
107
1,598
$6
1,656
151
1,728
64
3,421
1,120
4,543
918
359
785
20
0
6
0
0
0
0
0
0
36,345
31, 044
5, 301
36, 200
30, 794
5,406
34, 673
29, 346
5,327
32, 973
27, 727
5,246
31,216
26,040
5,176
3
19,933
24, 381
28.4
20,422
20, 830
21, 944
25.0
19, 676
26, 305
21, 870
25.6
22, 310
32, 501
30,417
35.8
26,642
36, 594
33,939
40.1
31,412
39, 755
79
35, 505
75
17.00
17.94
41,085
87
17.00
17.94
46, 260
17.00
17.84
34, 410
76
17.00
17.84
19.39
1,356
19.39
1,085
19.39
1,182
19.39
1,215
19.39
1,264
17.00
17.94
24, 813 18, 268
47, 843 37, 609
34,155
46,783
90, 742
449, 326 426, 297 406, 956
25, 669
27,066
41,001
« 81, 055
6,264
13,083
19, 593
20, 457
4, 766
6,051
15, 492
17,734
1,886
41, 786
39, 432
33, 666
1,498
25, 711
26, 352
33, 025
7,032
20,103
24,115
28,561
4,101
36,510
34, 491
30, 680
2,723
«74,471
« 80,191
24,960
5,820
9,374
25, 329
4,531
5,500
24, 636
3,414
3,156
35, 005
4,890
2,823
35,685
4,246
3,081
40,012
11,336 10, 622
24, 841 14, 622
104,835 100, 784
9,048
9,064
89, 667
9,980
8,300
96,896
11,428
8,710
104, 263
4,991
4,965
4,698
4,467
3,344
3, 592
4,908
6, 362
2,839
2,206
2,184
1,680
1,581
1,627
2, 570
3,414
4,237
3,572
2,610
2, 390
3,273
6,076
2,989
4,794
1, 655
2,870
2, 266
2,484
2,409
2,307
32, 926
31, 249
30, 029
30,295
30, 593
137
123
95 I
126
160
96 |
60
29, 221
6,947
5,061
348,414 191,441 94,141 169,894
357, 964 182, 852 88, 297 174, 009
357, 406 365, 995 361,424 357, 249
147,407
136,027
368,629
209. 82
204.10
204. 17
204. 85
609,456 |668, 426
264,384 446,101
82,274 ,I 44,194
618, 572 536, 450
251,120
- - •762
• 219,
97, 210 50, 208
346, 459
173,676
42, 609
439, 693
257, 021
48, 538
391,358
165, 402
62, 019
'472, 676
238,110
62, 900
521,796
155,005
106, 895
530,096
204, 817
99,155-
214. 96
Earlier figures on convection-type radiators
47
SURVEY OF CURRENT BUSINESS
Mav 1934
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
March
1933
March
April
METALS AND
IRON AND STEEL—Continued
Sanitary Ware—Continued
Porcelain plumbing fixtures:
Orders:
New, net
number of pieces.
Unfilled, end of month.number of pieces.
Shipments
number of pieces.
Stocks, end of month
number of pieces.
Vitreous-china plumbing fixtures:
Orders:
New, net
number of pieces.
Unfilled, end of month.number of pieces.
Shipments.
_
number of pieces.
Stocks, end of month
number of pieces.
May-
June
July
1934
DecemOctober NovemAugust SeptemJanuary Februber
ber
ber
ary
MANUFACTURES—Continued
5,831
9, 264
2,548
10, 076
1,598
8,947
1,562
10,071
1,455
6,888
2,594
8,708
2,104
2,991
1,936
11, 490
1,698
2,776
1,885
11,339
3,041
3,430
2,381
11, 345
3,246
4,362
2,197
11,184
3,245
4,537
2,933
10, 635
4,240
5,481
3,211
9,716
5,452
7,214
3,552
9,509
2,242
6,201
3,135
9,402
60, 045
75,198
74, 725
683, 797
118, 697
99, 332
96,167
443,858
245,024
198, 787
145,569
391,369
296, 264
307,118
187, 933
340, 218
207, 230
319, 503
194,845
315,371
133,608
241,362
211, 749
311,183
180, 379
231, 818
189,923
325, 530
103,475
173, 019
162, 274
348, 233
46,981
120, 597
99,403
414,906
8,726 16,624 23,132 32, 774 36, 538 46, 312 35, 468
Bars, steel, cold finished, shipments.short tons.
27, 838
Castings, steel:
11,512 14, 526 20,782 32,026 29,505 28,962 22, 740
Orders, new, total
short tons.
7,976
6,240
2,784
4,692
6,828
3,642
Railroad specialties
short tons.
7,562
16
8
22
14
20
Percent of capacity
10
20
Production, total
short tons.
13, 283 12, 093 19,072 27,300 29,240 31,157 25, 558
5,025
2,806
4,167
6,767
3,285
3,470
Railroad specialties
short tons.
6,304
17
21
19
13
Percent of "capacity
20
Ingots, steel: §
2,313
910
2,002
2,598
2,901
2,797
1,363
3,204
Production
thous. of long tons.
41
16
34
46
49
25
48
59
Percent of capacity
Prices, wholesale:
.0220
.0210
.0209
.0217
.0206
.0208
.0217
Composite, finished steel
dol. per lb.
.0231
Steel billets, bessemer (Pittsburgh)
26.00
26.00
26.00
26.00
26.00
26.00
26.00
dol. per long ton.
26. 00
Structural-steel beams (Pittsburgh)
.0161
.0160
.0160
.0160
.0160
.0170
.0160
.0160
dol. per lb.
9.84
10.45
5.25
6.00
8.91
12.13
10.41
Steel scrap (Chicago)
dol. per gross ton.
8.45
U.S. Steel Corporation:
d
11,817
4,882
3, 795
Earnings, net
thous. of dol.
Shipments, finished products*
long tons.- 588,209 256,793 335,321 455, 302 603,937 701,322 668,155 575,161
27,877
21, 792
42,036
23, 608
6,518
16
25,459
5,978
17
23,444
3,974
16
22,615
4,433
15
23,378
4,775
16
21, 609
4,912
15
2,112
37
1,541
1,820
33
1,818
8,722
1,909
9,162
1,508
8,320
1,779
9,575
31, 370 35, 067 56,577
87, 768 80,173 81,334
64,199 42, 662 55, 416
477,474 579, 227 643,054
79,106
89,878
70,688
660,658
Steel: Crude and Semimanufactured
27
19,409
25, 989
1,997
34
» 2, 214
43
.0231
.0231
.0231
26.00
26.00
26.00
.0170
11.00
572, 897
.0170
.0170
10.50
8.94
5,537
430, 358 600, 639 331,777
385,
510, 737 526, 491 614, 214 641,441 647,924 534, 549 539,846
373, 340 401,086 465,418 572, 851 555,404 480, 670 519,191
38.3
29.2
42.0
41.0
35.5
27 2
33.9
371,945 402,506 467,695 568,437 552,923 470, 632 524,719
25,470 24, 050 21, 773 26,187 28, 668 38, 706 33,178
492,072
798,981
58.9
789,474
42, 685
333,443 597,453 527, 377
577,017 556, 586 662, 293
41.9
42.6
48.8
582, 299 556, 627 660, 688
37, 403 37,151 38, 479
500,355
£21, 950
38.6
520, 987
39,442
.0226
.0226
26.00
.0170
9.33
26.00
.0170
8.56
500
Steel: Manufactured Products
Barrels, steel:
Orders, unfilled, end of m o n t h .
number..
Production
..number..
Percent of capacity
Shipments
number..
Stocks, end of m o n t h
number.Boilers, steel, new orders:
Area
thous. of sq. ft..
Quantity
n u m b e r of boilers..
Furniture, steel:
Business group:
Orders:
New
. . t h o u s . of dol.Unfilled, end of m o n t h
thous. of d o l Shipments.
. . t h o u s . of d o l Shelving:
Orders:
New
thous. of d o l . .
Unfilled, end of m o n t h
thous. of dol—
Shipments..thous. of dol-Safes:
j
Orders:
j
New
thous. of dol—j
Unfilled, end of m o n t h
thous. of d o l . .
Shipments
_
thous. of dol—
Lock washers, s h i p m e n t s . .
thous, of dol—
Plate, fabricated steel, new orders, total
short t o n s . .
Oil storage tanks
short t o n s . .
Sheets, black, blue, galvanized, a n d full finished:
Orders:
New..short tons—|
Unfilled, end of m o n t h
short tons—
Production, total
short t o n s . .
Percent of capacity
Shipments
short tons—
Stocks, end of m o n t h , total
short t o n s . .
Unsold stocks.__
..short tons..
T i n and terne plate: *
Production
thous. of long tons..j
Track work, production
short tons—1
726, 569
620,439
46.0
628,485
31,396
376
294
245
195
225
236
396
328
550
511
611
994
511
428
447
427
395
287
296
309
328
236
249
227
212
1,020
975
956
419
442
482
447
374
405
544
406
512
456
636
607
541
523
837
684
693
869
819
734
800
794
825
865
764
964
719
1,040
1,059
781
997
1,023
910
894
396
273
394
142
143
138
159
168
134
172
173
167
178
182
166
180
206
156
194
222
179
142
200
164
185
239
146
191
234
288
231
200
260
276
215
274
272
279
158
166
166
231
117
209
106
84
180
117
90
100
190 I
118
203
105
168
129
213
119
156
120
225
107
152
93
192
126
122
98
158
132
118
136
147
147
118
• 125
151
113
170
131
156
126
190
143
174
126
174
38,924
2, 202
8,896
1,270
9,719
2,983
16,243 37,020
2,858 I 20, 894
20, 391
6,013
16,320
2,581
16,166
1,033
17,964
1,434
14, 466
3,734
158, 244
159,672
220, 282
67. 8
200,701
114, 934
57,722
83,295
91,993
64,724
19.6
74,880
95,606
52,199
118,594
111,311
111,942
34.5
100, 353
91, 859
47,815
144,192
136. 592
139,696
43.1
119,159
98,991
51,295
246,737
229,436
166, 272
51.2
152,953
104,355
50, 067
174,191
228,696
188,143
58.0
174,145
104,815
42,095
158,830
212, 879
203, 893
62.8
174,480
115,876
51,293
145,320
194, 223
180,304
55.5
163,634
115,183
53, 617
79,141
102, 262
146,106
45.0
174, 829
105, 331
52, 353
88, 354
94,270
102, 585
31.6
99, 499
105, 950
55,495
110,263
92,831
113,111
34. 9
111,867
101,220
51,622
209,463
166,182
163, 622
50.4
130,878
106,310
54, 922
184,355
206, 292
194, 830
60.0
146,905
117,230
63,600
82
2,013
94
1,662
145
1,768
194
2,471
188
2,982
200
3,425
195
3,845
188
3,006
3,087
175
2,759
85
2,8J1
101
3,310
580
802
106 I 111
308 j 491
167
200
!
33 I
228
794
144
437
213
913
82
431
399
873
94
491
287
830
64
373
393
747
66
340
341
760
50
363
346
629
57
307
265
631
52
282
297
159
349
75
43
319
77
303
93
43
195
151
94
234
54
120
279
75
38
260
54
52
216
70
48.8
35.8
38.3
56.3
35.3
49.7
34.9
32.0
41.5
42.6
31.7
42.1
36.6
29.6
38.3
43.8
35.2
38.2
37.2
33.8
33.4
65.8
56.3
42.9
164
4, 446
MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new, total
thous. of dol—
878
412
350
Air-washer group
thous. of dol—
198
Fan group
thous. of doL.
350
235
187
Unit-heater group
thous. of dol—
330
97
103
Electric overhead cranes:
Orders:
[
New
thous. of dol—l
319
39
39
Unfilled, end of month
thous. of dol—
479
228
196
Shipments
.
thous. of dol-88
32
7
Electrical equipment, (See Nonferrous metals.) {
Exports, machinery. (See Foreign Trade.) 1
Foundry equipment:
j
Orders:
j
19.4
New
1922-24=100-. 75.4
Unfilled, end of month
1922-24=100..!
51. 5
50.4
14.7
Shipments
...1922-24=100—1 62.6
19.7
55.1
§ Series revised for 1932. For revisions, see p. 46 of the July 1933 issue.
d
Deficit for quarter.
* New series. For earlier data on tin and terneplate, see p. 20 of the Decer
• Revised.
33 I
25.6
16.8
24.5
44 !
45.5 !
24.8 !
37.4 !
13,692 <*15,897
2,160
3,754
a
14,641
« 2, 476
ber 1932 issue, and for U.S. Steel Corp. shipments, see p. 18 of the January 1934 issue.
48
SURVEY OF CURRENT BUSINESS
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
March
May 1934
1934
1933
March
April
May
July
June
August
j
8
Decem- January!
^ - October November
ber
F
| ^
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Fuel equipment:
j
Oil burners: *
|
Orders:
New
no. of burners..
5, 015
Unfilled, end of month...no. of burners..
l, 652
Shipments
-.no. of burners..
4,967
Stocks, end of month
no. of burners.. 13,797
Pulverized fuel equipment:
Orders, new, central system:
Furnaces and kilns... no. of pulverizers.. I
0
Water-tube boilers...no. of pulverizers..|
0
Orders, new, unit system:
Fire-tube boilers
no. of pulverizers..1
0
Furnaces and kilns...no. of pulverizers._|
4
Water-tube boilers...no. of pulverizers..
Stokers, mechanical, new orders:
Class 1, residential *
..mimber..
Class 2, apartment and small commercial *.
_
number..
Class 3, general commercial and small
commercial heaters *..
number..
Class 4, large commercial: *
Number
Horsepower
Machine tools:
Orders:
New
1922-24=100..
Unfilled, end of month
1922-24=100..
Shipments
1922-24-100..
Pumps:
Domestic, water, shipments:
Pitcher, hand, and windmill
units.. 30, 620
Power, horizontal type
units.639
Measuring and dispensing, shipments:
Gasoline:
Hand operated...
units..I
834
Power
units..I l, 894
Oil, grease, and otherHand operated
units..! 5,119
Power
units.-I
404
Steam, power, and centrifugal:
Orders:
New
_.
thous. of dol..
Unfilled, end of month
thous. of dol..
Shipments
thous. of dol..
Water-softening apparatus, shipments-units..
Water systems, shipments
units..
Woodworking machinery:
Orders:
Canceled...
_
thous. of dol_.
6
New.
_
thous. of dol..
292
Unfilled, end of month
thous. of dol..
250
Shipments:
Quantity
..machines.-!
199
Value
thous. of doL.|
342
|
3, 685
891
3, 329
9,184
3, 704
904
3, 691
9, 434
4,961 | 6,927
1,183
2,326
4,682 ! 5, 784
9,642 i 8, 946
9,971
3, 519
8,778
10, 338
13, 518
4,950
12, 087
11,014
15, 245
4,574
15, 621
12, 238
12, 242
2,594
14, 222
12,696
5,871
2,113
6,352
13,999
3,067
1,640
3,439
13, 684
3, 234
1,476
3,259
14, 882
2,
1,
2,
14,
941
604
813
609
I
0
0
0
0
0
0
0
0
0
4
0
0
0
0
0
0
1
0
1
3
5
0
1
1
1
3
4
5
11
3
3
11
2
2
23
3
1
7
0
0
15
0
1
8
357
490
1,199
2,102
1,896
1,048
715
19
18
188
208
150
115
142
209
101
252
18
3
220
22
15
42
49
84
16, 550
57
13, 599
93
23, 212
187
32, 723
136
170
41,249
213
40, 644
40
40
31
90
176
29,042
162
25,464
168
29, 891
113
17,967
56
86
43
67
105
52
83
116
63
126
178
69
102
207
63
205
97
19,073
304
22, 778
352
30,755
497
39, 291
578
44,036
524
42, 713
509
34, 051
396
24,468
505
20,178
427
17, 539
395
21, 242
317
32, 734
450
1,418
4,048
1,964
4,925
2,450
6,089
2,038
6,940
1,464
6,733
1,190
5,197
851
3,683
379
1,751
274
1,103
262
1,356
488
1,262
659
1,890
15,651
367
20,958
576
32,849
497
25, 024
501
20, 702
646
15,621
774
10, 588
1,005
7,889
916
6,517
683
3,003
342
4, 468
411
5. 323
621
404
1,066
434
171
2,778
466
1,093
435
167
3,706
511
1,126
474
215
5,605
736
1, 261
597
232
6,358
732
1,475
517
197
7,560
786
1,616
642
232
7,563
771
1,775
609
329
6,084
638
1,798
608
227
4,378
607
1,714
687
200
3,045
545
1,526
704
196
2, 631
663
3
272
290
389
341
5
370
1
333
6
309
306
8
240
262
26
214
256
8
209
215
279
277
S
286
303
149
191
275
316
228
322
219
337
238
337
202
273
131
192
143
243
136
213
199
244
97
201
2
138
205
82
132 !
469
"248"
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite #
Jong tons ...I
Wholesale prices:
No. 1, virgin, 98-99, N.Y
..dol. per lb...|
Scrap, cast, N.Y
dol. per lb..|
Babbitt metal:
Production, total
thous. of l b . .
For own use
thous. of lb__
Sales
_
thous. of lb._
Copper:
Exports, refined §
short tons..
Imports, total § #
.short tons..
Ore and blister
.short tons _ _
Price, electrolytic, N.Y
dol. per lb..|
Gold. (See Finance.)
Lead:
Ore:
Receipts in U.S. ore
short tons..
Shipments, Joplin district
short tons..
Refined:
Imports #
short tons..
Price, pig, desilverized, N.Y...dol. per l b . .
Production
.short tons..
Shipments, reported
short tons..
Stocks, end of month...
short tons..
Silver. (See Finance.)
Tin:
Consumption in manufacture of tin and
terneplate *
long tons..
Deliveries
long tons..
Imports, bars, blocks, etc #
long tons.
Price, Straits, N.Y
....dol. per lb_.
Stocks, end of month:
World, visible supply
-long tons..
United States
long tons..
13,534
10,974
4,807
18, 345
12, 944
12, 732
8,304
16, 262
21, 636
13, 633
7,958
14, 365
13,936
. 2095
. 1025
.2290
.0400
.2290
.0416
.2290
.0548
.2290
.0675
.2290
.0663
.2290
.0738
.2290
.0738
.2290
.0738
.2290
.0738
.2290
.0788
.2290
. 0836
. 2095
.0981
2, 474
498
1,976
1,135
193
942
1,544
274
1,270
2,111
325
1,786
2,328
450
1,878
2,485
544
1,941
2, 754
694
2,060
2,419
615
1,804
2,091
536
1,555
1,964
357
1,606
1,459
416
1,043
2,256
417
1,839
2,147
431
1, 716
24,210
25,382
24, 729
. 0778
12,139
8, 563
8, 548
.0501
10, 644
7,214
5,423
.0540
10,976
11,120
12,575
12, 305
10,445
.0777
12,592
14,644
14,642
.0864
12,955
14,335
14,319
.0877
12,127
17,403
17, 343
.0875
10, 733
8,164
8,164
.0795
13,108
15, 338
15, 334
.0788
16,187
18,290
18,287
.0789
14, 459
16, 092
15, 700
.0789
19. 39.5
5, 785
5, 533
.0778
3,597
24, 037
2,298
17,835
2,552
17,673
2,772
17,502
3,807
17,877
2,908
21,958
4,093
26, 369
5,333
29, 847
3,495
28, 941
2,224
27, 471
1,590
25, 592
1, 524
22, Vi 7
1, -101
1,928
183
20
518
58
.0400
. 0315
.0326
.0365
.0417
.0445
31,397 24,684 23, 385 19, 405 21,783 18,526
30, 321 21,950 25, 378 28,197 34, 825 45,177
221, 391 194,251 196, 827 197,109 193, 005 171,275
674
.0450
18,611
36, 054
160,211
65
.0450
28, 021
29,129
66, 201
645
.0431
35, 399
33,314
174,721
933
.0429
38,459
30, 719
187, 814
1,732
.0414
36, 649
26,034
203, 061
826
.0400
34, 818
33,911
207, 674
. 0400
31,892
25, 77S
216, 221
3,110
8,020
9,177
.4474
3,030
5,105
5,885
.4665
2,920
6, 035
6,895
.4792
2,880
3,350
3,335
.5307
2,710
3,130
4,425
.5287
1,320
3, 310
0
.5188
1, 570
2, 940
1,944
. 5102
I
3,835
3,569
. 5374
1,310
3,330
2,830
.2435
1, 460
4,555
4,274
.2715
2,260
4,835
5,725
. 3591
3,020
6,145
6,839
.4421
2,920
6,540
8,449
.4638
20, 423 43, 528 42, 541 41,883 39, 964 38,043
22, 476
21, 694
23,812
33,534 I 30,162
26, 075
27,940
6,459
2,281
2,040
7,504
7,014
3,036
3,474
4,549
6, 003
6,769
8,209
6.664
5,788 I
* New series. For earlier data see p. 19 of the January 1933 issue stokers and p. 20 of December 1932 issue, tin consumption. Oil burners available only back to Janaary 1933. Data for January 1933, new orders, 2,502; unfilled orders, 888; shipments, 2,537; and stocks, 9,718; February 1933, new orders, 2,527; unfilled orders, 535; shipments, 2,608; and stocks, 11,008. Current oil-burner series are based on reports from 149 concerns—old report was from 2 times as many.
S Data for 1932 revised. For revisions see p. 48 of the June 1933 issue.
w See footnote on p. 34 of this issue.
SURVEY OF CURRENT BUSINESS
Mav 1934
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey March
49
1933
March
April
May
June
July
1934
August
Septem- October Novem- DecemJanuary
ber
ber
ber
February
METALS AND MANTJFACTTJRES—Continued
NONFEEEOUS METALS AND
PEODUCTS—Continued
Zinc
Metals—Continued
Ore, Joplin district:
Shipments.
short tons.. 26,487 10, 976 19,830 13,869 20,456 22, 111
Stocks, end of month
short tons.. 17,211 19, 987 17,167 18,108 15, 232 14, 621
Price, slab, prime, western (St. Louis)
dol. per lb._
.0299
.0437
.0330
.0381
.0488
.0435
Production, total (primary)
short tons.. 33, 721 21,808 21,467 21, 516 23,987 30,865
Retorts in operation, end of mo
number.
22,
375 22, 405 23, 569 24, 404 25,836
26,952
Shipments, total
short tons.. 32,753 15,869 19,399 27,329 36, 647 45,599
Domestic...
short tons.. 32, 750 15,869 19,354 27,329 36,603 45, 577
Stocks, refinery, end of month...short tons.. 110,761 139,296 141, 364 135,551 122,891 108,157
26, 605
10,496
28, 952
14, 064
24,637
13,787
19,083
15, 514
.0492
33, 510
27, 220
42,403
42, 381
99, 264
.0470
33,279
25,416
34, 279
34, 279
98,264
.0475
35,141
26,820
37,981
37, 937
95, 424
.0452
32, 582
28,142
26, 783
26, 783
101, 223
28, 255
12,000
20, 802
19,428
814
1,606
1,097
829
1,147
1,422
438, 483 601, 395
566,490
142
99
112
121
414,804 220, 776
375, 719 235, 394
309, 232
215, 558
21, 600
14,778
.0446
.0427
.0438
32, 022 32,954
30,172
27,190 28,744
30, 763
27, 685 26, 532 « 32, 361
27,663 26,488 "32,361
105, 560 111,982 • 109, 793
Electrical Equipment
Conduit, nonmetallic, shipments, .thous. of ft..
Delinquent accounts, electrical trade (See
Domestic trade.)
Furnaces, electric, new orders
kilowatts..
Electrical goods, new orders t (quarterly)
thous. of dol._
Laminated phenolic products, shipments
Mica, manufactured:
dollars..
Orders, unfilled, end of month
thous. of dol._
Shipments
thous. of dol..
Motors (direct current):
Billings (shipments)
dollars..
Orders, new
-..dollars.Panelboards and cabinets, shipments
thous. of dol. .
Porcelain, electrical, shipments:
Special
dollars..
Standard
_
dollars..
Power cables, shipments
thous. of ft-.
Power switching equipment, new orders:
Indoor
dollars..
Outdoor.
dollars-.
Radiators, convection type. (See Iron and
steel.)
Reflectors, industrial, sales
units..
Vacuum cleaners, shipments
number. _
Vulcanized fiber:
Consumption
,._thous. of lb.
Shipments
thous. of dol—
W elding sets, new orders:
Multiple operator
units.Single operator..
units.
1,111
846
1,091
1,462
211
2,157
92, 134
57,897
844,449
78
158
2,303
2,609
2,194
2,803
1,293
1,069
1,252
1,357
783
936
1,452
664
981
311,439 391,055 560, 582 622,979
42
122
34
90
76
53
274, 937 150, 571 128, 786 231, 210 213,167
337, 280 141,313 118, 359 158,094 265,054
192
204
137
157
130
28
48
34, 813
390
38, 311
17,188
285
25, 722
17,197
288
33,903
92,297
10,812
36, 482
17, 356
74, 979
35, 936
48, 456
25, 381
43,340
30, 223
37, 934
32,142
41, 661
1,908
387
2
335
874
187
864
206
1,357
285
1
57
« 88, 544
79, 856
21,181
246
23,161
561,984
493,125
157
111
107
100
219, 601 289,101 255,170 238,047
376, 758 453, 476 253, 015 272,973
295, 298
283, 037
578, 503 608, 788 585,454
124
130
148
118
136
106
124
120
165
167
148
162
191
205
43, 733
45, 781
412
45, 922
30, 498
245
59,120
47,342
344
53, 046
37,186
313
59,028
25,118
404
51, 736
23, 738
312
42,433
14, 657
173
30,426
20, 543
177
28, 568
17, 244
180
23, 506
50, 527
26,000
65, 354
27, 613
65, 875
27,911
81, 635
28, 619
47, 550
27,178
38, 321
31, 347
39, 083
32, 289
38, 002
33,122
43, 075
38, 970
44, 531
1,964
404
46, 453
35, 000
49, 945
43, 916
50,484
61,340
59, 451
59,246
47, 770
62, COO
53, 768
60,000
49, 978
45, 006
45,604
2,032
434
1,948
446
1,963
412
1,876
406
1, 798
353
1,591
313
1,741
313
0
156
2
200
6
143
0
147
0
141
9
176
306
4
219
1,464
294
4
252
2,663
13, 465
2,145
14, 447
347, 988 552, 353
.138
.139
660, 820
.138
Miscellaneous Products
Brass and bronze (ingots and billets):
3,764
4,386
Deliveries..net tons..
3,804
5,027
1,586
2,274
4,973
5,601
Orders, unfilled, end of month
net tons..
15,991 16, 408 16, 712 16,568 15, 657 14, 664 14, 065 13, 678
Brass, plumbing:
Shipments*
number of pieces.. 797,846 563, 671 664, 573 1,007,966 1,291,994 1,112,013 1,060,739 844, 606 695, 863
.148
.148
Brass sheets, wholesale price, mill. dol. per lb._
.138
.122
.147
.115
.133
.140
.110
Copper, wire cloth:
Orders:
Make and hold-over, end of month
107
thous. of sq. ft—
542
63
549
543
510
272
289
249
316
New
thous. of sq ft—
317
362
691
484
379
491
281
642
603
Unfilled, end of month
thous. of sq. ft—
118
798
102
406
735
729
657
648
459
267
460
Production
thous. of sq. ft..
430
444
256
294
400
458
489
265
Shipments
thous. of sq. ft._
384
238
305
477
492
466
457
636
832
Stocks, end of month
thous. of sq. ft..
682
680
845
829
738
802
Fire-extinguishing equipment. (See automobiles.)
526,883
.148
97
325
568
391
351
657
93
249
460
364
339
M52
80
368
459
356
312
714
307
451
324
311
714
PAPER AND PRINTING
WOOD PULP
Chemical:
Consumption and shipments, total ^
303,620 267, 383 278,551
227,811 224,020 223,871 235,820 271, 533 307,192
short tons
32,637
33,897
26,758
28,081
28, 252
26,764
32,345
31, 261
31,918
31,428
Soda
short tons
97,924 100,035 120,665 134,884 143,912 147,783 144, 472 153,579
115,860 107,799
Sulphite total
short tons
67,770
65,050
52,947
65,919
74, 397
55,035
79,942
54, 412
61,842
57,383
Bleached
short tons..
80,013
44,977
68,965
69,515
88, 529
40, 723
52, 764
54, 018
42, 652
90, 060
Unbleached
short tons
99,183 103,867 119,440 139,963 123, 507 123,200
91,075
89,463
83,699
94, 830
Sulphate
short tons
82,176 137,206 178, 577 194,641 192,338 191,019 218, 833 158,743 139,835
62,409
78,921
Imports § #
short tons.. 109, 045
Price, wholesale, sulphite, unbleached
1.95
1.64
1.79
1.91
1.95
1.53
1.53
1.75
2.10
1.53
1.55
2.10
dol. per 100 lb_.
219, 468 222, 536 241,284 248,535 269,166 309, 065 303,195 306, 576 275, 405 275, 700
Production, total 1
short tons..
30, 365
31,834
33,000
34,448
33,039
28, 831
25,876
25.928
28,592
Soda
short tons_.
31, 508
108,446 107, 679 115,644 111,148 120,309 134,934 146,480 150, 253 149, 809 151,434
Sulphite, total
short tons—
81,077
78, 395
68, 524
65, 202
64, 726
56,374
53, 484
57,155
49,622
Bleached
short tons..
54, 237
39,232
68, 085
81,729
69, 732
52, 072
54,195
66,022
92, 654
86, 708
Unbleached.
_.
..short tons..
56,911
85,146
89, 818
Sulphate
short tons_.
88.929
96, 765
97,048 105,879 118,492 141,092 124,881 123, 323
Stocks, end of month, total
short tons__
47,352
39,830
29,634
33,186
Soda
short tons..
2,492
3,304
2,588
2,920
Sulphite, total
short tons..
32,280
40, 210
22, 772
26,598
Bleached
short tons..
14,332
15,652
7,614
10. 770
Unbleached-..»
short tons__
8,780
14,990
6,712
6,180
3,990
Sulphate
-.
short tons..
4,156
4,024
3, 216
256
Other grades
short tons—
494
452
250
a
* New series. Data prior to July 1931 not published.
§ Data revised for 1932. For revisions 1932 see p. 49 of the June 1933 issue.
Revised,
t Revised series. For earlier data see p. 19 of the August 1933 issue.
J Series revised. For earlier data see pp. 18,19, and 20 of the November 1933 issue.
i See footnote on p. 34 of this issue.
144,133
2.10
50
SURVEY OF CURRENT BUSINESS
March
April I May
PAPER AND
PAPEE
Total paper:
Production 1
short tons...
Percent of capacity
Shipments 1
—
short tons._
Stocks, end of m o n t h . .
short t o n s . .
Book paper:
Orders, new:
Coated
percent of normal production..
Uncoated_ .percent of normal production..
Orders, unfilled:
Coated
number of days' production..
Uncoated
number of days' production._
Production t
short tons.
Percent of capacity
_
Shipments f
short tons.
Stocks, end of month
..short tons...
Newsprint:
Canada:
Exports
short t o n s . .
Production
short t o n s . .
Shipments from mills
short tons...
Stocks, at mills, end of month..short tons..
United States:
Consumption by publishers...short t o n s . .
Imports #
short t o n s . .
Price, rolls, contract, destination, N.Y.
basis
dol. per short ton
Production, total
short tons..
Shipments from mills
short tons..
Stocks, end of month:
At mills
short t o n s . .
At publishers
short tons
In transit to publishers
short tons..
Paper board:*
Production
short tons.
Shipments
short tons.
Box board:§
Consumption, waste paper
short tons.
Orders:
New...
short tons.
Unfilled, end of month
short tons.
Production
short tons.
Operations, percent of capacity
Shipments
short tons.
Stocks, end of month
short tons.
Stocks of waste paper, end of month:
At mills
short tons.
In transit and unshipped purchases
short tons.
Writing (fine) paper:
Production!
short tons.
Percent of capacity
Shipments!
short tons..
Stocks, end of month
short t o n s . .
Wrapping paper:
Production!
short tons..
Percent of capacity
Shipments!
short tons..
Stocks, end of month
short tons..
All other grades:
Production!..
short tons..
Shipments!
short tons..
Stocks, end of month
short t o n s . .
1934
1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
WOOD PULP—Continued
Mechanical (ground wood): 1
Consumption and shipments
short tons..
Imports#
short tons..
Production
short tons..
Stocks, end of month
short tons..
May 1934
9, 239
92, 403
9,064
90, 591
48,105
97, 337
7,949
103, 002
53,172
June
July
February
January
PRINTING—Continued
106, 393
18, 084
113, 789
60, 303
127,
18,
125,
59,
749
684
737
218
113, 215
23, 612
105, 316
116,275
21, 354
103, 540
99, 726
24,909
92, 083
102, 654
30, 966
103,274
108, 456
25, 912
108, 024
105,101
15,943
107, 465
671,477
741, 783
710, 423
882, 575
923,842
925, 347
852, 366
797,014
785, 374
738, 266
670,488
757, 316
697, 481
901, 733
941, 341
921, 401
854,959
789,048
754,153
733, 585
46
60
49
47
53
60
3
5
79, 689
66
77, 537
77, 210
4
4
76,183
49
77,326
75, 820
5
6
79, 799
55
64, 797
80, 900
10
89, 659
63
87, 687
83,327
239, 443
210,120
207,197
42, 973
138, 005
136,786
140.402
1
50, 739
113,139
148,377
162, 040
37, 232
168, 719
170, 247
163, 991
43, 428
156, 721
168,839
123, 402
114, 500
132, 032
139,213
45.00
76, 565
77, 977
53
58
61
70
14,713 I
50
59
11,408
57
61
92,060
7
10
98, 842
7
9
99, 746
6
6
90,708
5
7
90, 534
7
7
85, 419
97,860
98, 644
100,943
89, 710
88, 271
88,580 I
152,152
171, 630
171,889
43, 068
167, 303
180, 387
181, 658
41, 963
165, 880
196, 036
196,136
41,826
177,806
179, 655
183,994
37, 237
171,947
188, 827
187, 734
38, 415
162, 293
204,136
211, 520
30, 858
185, 637
175, 304
172,285
33, 847
187, 821
188, 381
186, 805
34, 711
131,919
174, 447
169, 054
40, 445
160, 773
157, 314
130, 879
142, 700
132, 482
163,433
127, 837
151,210
134,306
177, 750
152,098
175, 711
154, 934
176, 766
148, 427
168, 787
140, 955
168, 752
153,958
124, 584
40.00
74, 534
76, 085
40.00
81,181
78, 861
40.00
81,939
84,970
40.00
79,616
82,145
40.00
87,957
86,077
40.00
72, 091
74,139
40.00
82,052
81, 580
40.00
87, 567
86, 829
40.00
80, 895
82, 031
40.00
84,897
84, 629
40. 00
"71,544
«68, 127
18, 630 <*22,759
192, 335 149,971
45, 749
23,691
21,171
139,637
27, 066
23, 560
137, 451
24, 290
21,964
135, 342
24, 051
19, 378
157,118
26, 278
21,407
171,011
30, 934
19,152
177, 732
34,214
18,991
178,159
36, 679
19, 676
184, 875
40, 746
18,566
199, 845
37, 557
17, 784
208, 895
34, 737
22, 060
192, 808
38, 345
290, 678
289, 225
295, 038
295, 923
322,108
327, 906
382, 002
390, 788
364, 253
368, 624
368, 464
371, 043
349, 903
349, 553
301, 868
307,000
292, 741
276, 348
265, 468
264, 672
204, 640
226, 455
187, 837
161, 595
145,307
121,703 *170, 763
168, 379
268, 546
128, 638
283, 272
79.0
246, 994
307, 321
118,298
312, 747
77.3
252, 036
238, 771
105, 423
252, 452
70.7
226,336
66, 371
63, 965
65,110
185,026
62,177
228, 416
60.1
191,989
63, 315
199, 059
55, 080
206. 933
54.1
175,148
70, 263
235, 346
75,143
224, 344
62.8
189,097
78, 925
77, 527
82,. 838
105, 471
119, 809
137, 287
15, 374
30,143
46,636
70
43, 232
40, 958
61
38, 378
169,116 '218,169
48, 920
63, 328
176, 337 '230,311
47.1
° 57. 3
152, 712 •187, 557
64, 965
"75,005
150, 645
»176, 761
20, 577
• 27, 679
43, 236
65
39, 993
40.00
84,993
87, 987
1
a
148, 31S
168.. 569
213, 697
203, 804
250, 480
53, 542
237, 536
54. 9
181, 796
77, 902
236, 022
70, 099
223, 845
58.2
174, 914
78, 827
294, 460
76, 719
287, 032
68.7
221, 612
76, 953
349, 650
144, 307
292, 967
76.2
260,101
66, 932
101, 537
112, 230
92, 201
81, 531
22, 639
27, 461
31, 631
25, 737
37, 455
59
37, 343
48, 965
32, 848
49
34, 556
47, 548
42, 820
63
39, 737
49,176
52, 552
79
50, 292
50, 894
52, 537
83
52, 274
53,943
78
53, 727
42, 767
76
41,441
121,169
65
123,835
56, 307
132, 438
72
136,808
54/05
123, 556
83
125, 409
53,314
149, 524
99
163, 579
46, 502
152, 334
106
153,857
160,982
105
161,143
140, 334
98
136,826
129, 658
89
123,045
109, 742
75
109, 303
99,259 i.
70 .
100,053 L
65, 852
64, 535
74,912
124, 657
130, 391
73, 394
62,068
61,882
73, 371
122, 264
119,696
71, 591
179,788
183, 204
153,973
149,662
143, 470
147,918
142, 792
141, 221
160, 313
151,496
157, 350 |
151,528 I
32,412
6, 829
40,468
5,478
53,187
7,675
60, 549
59,784
6,945
67, 442
6,739
61, 656
6,699
80,366
7,823
44, 595
8,972
29, 581
11, 733
58
61
47
380,452
306, 667
73, 785
112
65
71
47
460,970
385,117
75,853
124
80
91
100
65
631, 484
513,490
117,994
112
90
97
70
600,157
481, 396
118,761
81
87
64
566, 267
452, 869
113,398
71
78
49
493, 888
395,814
98,074
63
70
40
422, 365
335, 551
86,814
56
63
37
378,189
303,101
75, 088
72, 204
806
677
129
53, 337
766
621
145
46, 508
805
637
168
59, 226
530
477
53
67
82,156
511
416
95
72,099
94, 244
572
491
81
64
60,009
824
699
125
69, 318
754
643
111
71
69, 329
652
545
107
74
60, 083
882
764
118
74
62, 642
470
393
77
72
60, 789
630
539
91
74
12,135
10, 953
7,399
8,048
9,902
8,570
10, 380
9,572
12,934
11,162
13,078
11,097
13, 364
11,950
10,958
10, 483
9,697
11, 627
9,341
10, 538
11, 201
9,668
9,430
11,219
9, 733
9, 932
23, 816
21, 857
20, 245
1ST, 159
37. 015
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams.
Foreign
reams.
Paper board shipping boxes:
Operating time, total
percent of normal.
Corrugated.._
percent of normal.
Solid
fiber
percent of normal.
Production, total
.thous. of sq. ft..
Corrugated
thous. of sq. ft..
Solid
fiber
._
..thous. of sq. ft..
Hope paper sacks shipments*
1930-31 = 100
56,811
15, 322
565, 471
463, 567
101,904
95
93
72
626, 415
499, 226
127,189
102
PRINTING
Blank forms, new orders.
thous. of sets..
Book publication, total.-number of editions..
New books
number of editions. .
New editions
number of editions _.
Operations (productive capacity).,.1923=100.
Sales books:
Orders, n e w . . .
thous. of books..
Shipments
thous. of books..
i
554
106
• Revised.
1 Series revised. For earlier data see pp. 18, 19, and 20 of the November 1933 issue.
• New series. Earlier data not published, rope paper sacks. See p. 19 of the December 1933 issue, paper board,
f Data revised. See pp. 19 and 20 of the December 1933 issue for earlier data.
§ Earlier data on box board not available.
• See footnote on p. 34 of this issue.
46, 235
10, 947
41, 311
9,450
May 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
51
SURVEY OF CURRENT BUSINESS
1934
March
1933
March
April
May
June
RUBBER AND RUBBER
July
1934
j January Febru-
October I
August ,
PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total
..long tons.
For tires X
long tons.
Imports, total, including latex§ #..long tons.
Price, wholesale, smoked sheets, N.Y.
dol. per lb.
Shipments, world.
long tons.
Stocks, world, end of monthf
long tons.
Afloat, total
long tons.
For United States
long tons.
London and Liverpool
long tons.
British Malaya.
long tons.
United Statesflong tons.
Reclaimed rubber:
Consumption
long tons.
Production
long tons.
Stocks, end of month.
..long tons.
Scrap rubber:
Consumption by reclaimers
long tons.
42, 253
15, 701
8,179
28,475
22,817
13, 555
21,034
38, 785
22, 337
26, 736
.030
.036
.109
.049
83,000 56,900 55,000 57, 000
653,000 622,142 617,490 620, 586
105, 403 60,914 65,431 81,177
68, 403 36,914 38,431 54,177
94, 314 94, 658 95,151 98,609
97,000 67, 583 66, 911 70,489
357,000 395,987 389,997 370, 311
8,328
10, 790
18, 333
2,556
3,617
10, 227
3,261
4,340
9,484
5,750
7,864
9,065
14,132
44, 654
26,075
23,504
43, 660
24, 751
45, 243
39,097
21,772
45, 413
31, 047
17,173
46, 255
27, 758
15, 274
46,034
25, 371
13, 436
41, 821
25, 306
13,376
40, 751
35,159
23,144
36, 548
28. 304
35,220
.086
.076
.078
.073
.104
.061
.073
.093
78, 111 87,801 82,000
62,000 74,000 75, 462 74, 000 84,000
85,000
632, 565 619,752 603, 711 619, 019 628,127 646, 423 '644, 898 '643,355 652,690
106,510 96, 794 88,355 97, 468 101, 530 109, 955 109, 508 92, 210 103,329
79,510 71, 794 66,355 71, 568 73, 210 71, 425 69, 508 57, 210
66, 329
102, 511 99, 906 96,661 95, 022 89, 766 87, 984 86, 505 90, 320 « 92, 519
82,331 88,199 85, 573 85, 207 81, 758 85, 231 87,185 88, 215 « 92, 210
341,213 334,853 333,122 341, 322 352, 782 363, 253 •365, 000 '372, 610 ' 364, 632
7,159
9,956
8,733
7,642
11,326
9,311
6,990
11,005
9,924
27,800
5,818
9,809
10,473
5,337
8,898
11,713
4,688
8, 519
12, 652
4,404
8,966
13, 692
5,600
9,238
17, 227
6, 423
8,934
16, 770
3,804
3,126
3,043
9, 394
4, -:o")
3, 18(5
3,106
10, 403
33,486
37, 638
TIRES AND TUBES t
Pneumatic casings:
Production
..thousandsShipments, total
thousandsDomestic
thousands.
Stocks, end of month..
..thousandsSolid and cushion tires:
Production
thousandsShipments, total
thousandsDomestic
thousandsStocks, end of month
thousandsInner tubes:
Production
thousandsShipments, total
thousandsDomestic
..thousandsStocks, end of month..
thousands.
Raw material consumed:
Fabrics
thous. of lb.
Crude rubber. (See Crude rubber.)
1,630
1,674
1,616
5,832
2,499
2,923
2,874
5,419
4,151
4,144
4,077
5,408
4,880
5,044
4,320
5,292
4,571
4,398
4,324
5,475
3,995
3,766
3,674
5,656
3,199
2,803
2,714
6,076
2,743
2,030
1,943
6,769
2,432
1,758
1,686
7,397
2,466
2,825
2,726
7,110
7
7
6
21
9
9
21
15
15
14
20
15
14
13
21
16
13
13
24
15
14
13
24
12
11
11
26
11
7
20
28
11
13
12
26
14
14
13
30
13
12
23
1,506
1,522
1,486
5,095
2,282
2,441
2,410
4,951
3,760
3,571
3,530
5,105
4,358
4,622
4,575
4,878
4,482
4,169
4,110
5,152
3,933
3,750
3,685
5,303
3,070
2,778
2,719
5,607
2,805
2,141
2,079
6,265
2,290
1,682
1,636
6,900
2,105
2,728
2,656
6,252
3,445
3,103
3, 045
8,151
3, 950
3,224
3,164
8, 892
6,364
10, 460
16, 778
19, 553
18, 709
16, 821
13, 592
11,116
10, 447
9,986
16, 437
18,721
MISCELLANEOUS PRODUCTS
Rubber bands, shipments
thous. of lb_.
Rubber clothing, calendered:
Orders, net.._number of coats and sundries..
Production...number of coats and sundries.
Rubber-proofed fabrics, production, total
thous. of yd..
Auto fabrics
thous. of yd-_
Raincoat fabrics..
thous. of yd..
Rubber flooring, shipments...thous. of sq. ft
Rubber and canvas footwear:
Production, total
.._thous. of pairs..
Tennis
thous. of pairs..
Waterproof...
thous. of pairs..
Shipments, total
thous. of pairs..
Tennis
thous. of pairs.
Waterproof
thous. of pairs.
Shipments, domestic, total.-thous. of pairs.
Tennis
thous. of pairs_.
Waterproof
thous. of pairs..
Stocks, total, end of month._thous. of pairs._
Tennis
thous. of pairs..
Waterproof
_
thous. of pairs..
Rubber heels:
Production
thous. of pairs-.
Shipments, total*
thous. of pairs__
Export..
..thous. of pairs-.
Repair trade
..thous. of pairs..
Shoe manufactures
thous. of pairs..
Stocks, end of month
___thous. of pairs..
Rubber soles:
Production
.thous. of pairs..
Shipments, total*
thous. of pairs..
Export
thous. of pairs..
Repair trade
thous. of pairs__
Shoe manufactures
.thous. of pairs. _
Stocks, end of month
thous. of pairs..
Mechanical rubber goods, shipments:
Total...
thous. of doL.
Belting
thous. of doL.
Hose
_
-._
thous. of doL.
Other
thous. of doL.
434
307
260
208
188
191
247
313
8,037
14, 227
19,392
11,756
35,873
10, 550
38,451
21, 525
41,610
27, 948
37, 371
23, 526
41,612
14,878
38, 342
13,818
27, 074
13,811
21, 777
15, 24t»
20,002
2,303
134
953
307
2,988
241
1,275
218
4,891
467
2,321
365
6,139
603
3,195
310
5,992
584
3,301
255
5,136
466
2,791
319
3,948
375
2,483
252
3,740
317
2,393
329
2, 458
318
1, 165
268
1,682
306
628
211
2, 488
257
939
273
3, 194
301
1. 429
3,281
2,634
647
3,390
2,842
548
3,339
2,800
539
14,965
6,730
8, 235
3,172
2,636
536
3,672
3,230
442
3,637
3,202
435
14, 462
6,135
8,326
3,860
2,794
1,066
4,212
3,516
696
4,149
3,470
679
14,110
5,413
8,697
3,732
2,153
1,579
3,925
3,085
840
3,857
3,025
833
13,922
4,485
9,437
3,824
1,496
2,327
4,333
2, 251
2,082
4,253
2,181
2,072
13, 517
3,832
9,685
5,319
1,898
3,421
5,126
1,640
3,487
5,043
1,575
3,468
13,749
4,134
9,616
4,827
1,379
3,448
6,061
1, 261
4, 800
5, 993
1,215
4,778
12,512
4 252
8^261
5, 931
1,739
4,193
5, 634
679
4,955
5,591
656
4,935
12,806
5,312
7,495
11, 222
10, 761
170
2,677
7,914
25, 549
10, 353
12,383
281
4,441
7, 661
23,740
19, 427
20,484
182
6,883
13,419
22, 688
23,479
27, 717
284
7,155
20, 278
18,402
21,496
20,116
293
6,184
13,638
19, 861
22, 632
18, 410
282
7,352
10, 775
24,123
19, 621
14, 809
306
4, 635
9,868
28, 637
19,103
14,157
340
3,765
10,052
33,750
15,955
11, 287
337
4,552
6,398
38, 436
13, 625
12, 738
322
3,215
9,201
37, 528
14, 826
13,463
432
2, 833
10,198
42, 587
16,243
20, 544
175
9, 273
11, 096
38, 986
3,959
3,925
235
271
3,419
3,302
3,108
3,256
1
266
5,209
5,482
1
335
5,146
3,006
6,094
6,786
5
395
6,386
2,228
5,154
5,024
4
436
4,584
2,333
5,177
4,392
8
579
3,806
3,011
4,351
3,803
3
281
3,518
3,645
4,244
3,678
9
333
3,336
4,286
4,054
2,763
2
409
2,351
5, 559
4, 496
4,527
3
281
4, 244
4,281
5, 499
5, 594
5
388
5, 201
5, 090
o,711
5, 804
1
017
5, 186
5,010
2,847
521
1,067
1,259
3,924
865
1,471
1,588
4,191
1,187
1,428
1, 575
3,892
975
1,298
1,619
3,675
882
1,206
1,587
3, 275
808
1,117
1,350
2,836
607
1,013
1,216
2,848
627
1,015
1, 206
3, 548
699
1,297
1, 552
3.565
757
1, 147
1,600
2,018
358
802
858
3,215
2,273
371
903
185
186 i
162
8,058
20,997
303
f For revised data for year 1932 see p. 50 of May 1933 issue. § Data revis
ised for 1932, for revisions see p. 50 of the June 1933 issue. # See footnote on p. 34 of this issue.
* New series. Earlier data not published.
° Revised
t Data for January and February, 1934, are estimated to represent approximately 97 percent of the industry; data are estimated to cover 80 percent of the industry for
1931-2-3, and 75 percent prior to 1931.
52
SURVEY OF CURRENT BUSINESS
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
March
Mav 1934
1933
March j April
May I June
July
1934
August I
- October Novem-,
^
January i Febru-
STONE, CLAY, AND GLASS PRODUCTS
BRICK §
Common brick, wholesale price, red, N.Y.
dol. per thous..
Face brick (average per plant):
Orders, unfilled, end of mo_.thous. of brick..
Production (machine)*
thous. of brick..
Shipments
_
thous. of brick..
Stocks, end of month X
thous. of brick..
Sand-lime brick:
Orders, unfilled, end of mo..thous. of brick..
Production
thous. of brick..
Shipments by rail—_
..thous. of brick..
Shipments by truck
thous. of brick..
Stocks, end of month
thous. of brick..
10.50
9.25
9.25
9.25
57
136
2,483
324
27
94
2,975
359
93
131
2,911
350
139
169
2,860
355
563
126
721
1,755
3,675
511
15
861
3,501
2,775
492
50
742
3,003
1.650
5,257
23.0
4,618
21, 401
6,310
1.436
3,684
16.1
3,510
21, 298
6,890
2,920
49.2
3,137
7,480
9.25
9.25
9.25
9.25
9.25
8.75
9.00
9.25
157
207
2,823
245
213
2,797
432
256
226
2,790
379
185
180
2,778
328
174
208
2,705
320
174
123
2,750
340
109
111
2,717
35.5
53
133
2, 663
2,532
1,580
588
72
606
3,877
1,315
730
71
1,265
1,936
3,955
1,148
15
947
2,042
865
2,084
68
1,419
3,130
315
903
15
975
2,608
245
882
19
891
2,189
1,775
1,431
773
642
1,485
75
601
0
800
2,010
100
967
16
791
2,213
900
359
54
366
2, 042
1.436
4,183
18.9
4,949
20,542
7,146
1.436
6,262
27.4
6,709
20,117
6,769
1.436
7,804
35.2
7,979
19,936
6,840
1.549
8,609
37.6
19,848
6,832
1.586
8,223
35.9
5,994
22,078
6,474
1.595
5,638
25.5
6,517
21, 216
6,507
1.603
5,037
22.1
6,750
19,502
6,204
1.603
4,672
21.2
4,463
19, 709
5,877
1.603
3,526
15.5
3,738
19,541
5,717
1.650
3,779
16.6
3,778
19, 547
5,919
1.650
4,168
20.2
2,952
* 20, 762
« 5, 936
1,704
49.5
«• 2, 209
5,406
1,568
49.2
1,682
5,305
1,693
49.1
1,969
5,036
2,007
60.5
2,129
4,893
2,322
72.8
2,112
5,103
2,492
72.3
2,553
5,033
2,158
67.6
2,529
4,736
2,237
67.4
2,084
4,796
2,123
64.0
1,806
5,112
1,997
62.6
1,873
5,238
2,770
« 40. 6
2,662
* 7, 078
2,600
49.2
2,585
7,719
1,379
1,327
1,008
1,300
1,390
1,161
2,241
2,217
1,484
2,145
2,324
1,670
1,331
2,100
1,611
1,815
2,168
1,647
1,556
2,027
1,926
1,473
1,856
1,713
1,571
1,958
1,588
1,150
1,805
1,030
1,480
1,805
1,460
1,781
2,259
1,256
1,267
44.6
4,388
1,226
43.2
4,342
1,422
50.1
4,413
2,027
71.4
4,091
1,583
55.8
4,110
1,701
59.9
4,038
1,736
61.2
4,205
1, 582
55.7
4,165
1,423
50.5
4, 656
1,171
41.2
4,286
1,439
56. 1
4, 581
1,413
55.1
4,431
4, 881
4,680
7,922
9,499
11,350
11,327
8,925
5,794
4,169
6,347
7,607
7,441
1,159
112
506
39
644
33
PORTLAND CEMENT
Price, wholesale, composite
dol. per bbl_.
Production
-thous. of bbL.
Percent of capacity..
Shipments
thous. of bbL.
Stocks, finished, end of month..thous. of bbL.
Stocks, clinker, end of month...thous. of bbL.
GLASSWARE, ETC.
Glass containers:
Production
thous. of gross..
Percent of capacity
Shipments
thous. of gross..
Stocks, end of month
thous. of gross..
Illuminating glassware:*
Orders:
New and contract.
number of turns..
Unfilled, end of month—number of turns..
Production...
number of turns..
Shipments:
Total
number of turns..
Percent of full operation
Stocks, end of month
number of turns..
Plate glass, polished, production f
thous. of sq. ft..
I
9,927
GYPSUM *
Crude (quarterly):
Imports
short tons.
Production
short tons.
Shipments (uncalcined)
short tons.
Calcined (quarterly):
Production
short tons.
Calcined products (quarterly):
Shipments:
Board, plaster (and lath)..thous. of sq. ft.
Board, wall.
.thous. of sq. ft_
Cement, Keenes
short tons.
Plasters, neat, wood fiber, sanded,
gaging, finish, etc
short tons.
For pottery, terra cotta, plate glass,
mixing plants, etc.
short tons..
Tile, partition
thous. of sq. ft.
0
197,730
61,106
74, 240
369,016
146, 569
117, 532
431,521
158,061
88,820
241,100
89, 511
168, 931
297,033
264,805
182,194
18, 882
42,442
2,073
28,945
67,438
3,881
35,339
54,943
4,232
21, 796
41,314
2,752
121,490
217,274
187,152
139,623
17, 249
1, 406
24, 795
1,516
30,861
1,715
17, 220
1,333
TERRA COTTA
Orders, new:
Quantity
Value
short tons.
thous. of dol.
902
82
2, 333
198
1,105
1,297
72
565
47
182
21
834
68
717
65
342
34
341
33
764
52
3,297
TEXTILE PRODUCTS
CLOTHING
Hosiery: *
Orders:
New
. . . t h o u s . of dozen pairs
Unfilled, end of month
thous. of dozen pairs
Production..
thous. of dozen pairs
Shipments.net
thous. of dozen pairs
Stocks, end of m o n t h . - t h o u s . of dozen pairs
Men's and boys' garments cut:
Overcoats
thous. of garments
Separate trousers
thous. of garments
Suits
thous. of garments
Rubber clothing. (See Rubber products.)
a
,
,
5,006
5,406
7,547
8,075
4,684
4,028;
4,471
4,337
3,470
3,109
4,408
4,731
8,776
3,892
4,263
4,603
8,469
5,865
5,559
5,358
8,740
7,155
6,115
6,537
8,390
5,939
5,075
5,556
7,719
5,048
4,568
4,500
7,951
4,392
4,522
4,815
7,553
4,172
4,703
4,526
7,855
3,296
4,139
4,028
8,091
216
1,676
1,745
122
1,844
1593
131
2,106
1,599
330
2,401
1,807
409
2,089
1,681
569
2,193
1,832
527
1,792
1,385
553
354
1,702
1,191
1,163 i
907
I
!
i
2,999
3,311
3,424
8,496
135
929
1,061
I
* 5, 022 ;
5,713
3
5, 963
4, 672
4,411
8,920
4,
a
3,
* 3,
« 8,
539 :
735 ;
548 i
379
I
Revised.
* New series. For earlier data on faca brick, machine production, see p . 20 of the June 1933 issue; gypsum, see p. 20 of the January 1933 issue; hosiery see p . 19 of the
April 1933 issue, current data are p i r t l y estimated. Earlier data on glassware not published.
X Adjusted for degrading and year-end physical inventories.
i Census Bureau ha^ comparative sum nariss for 2 months only on s t m e t u r a clay products. Series not comparable over 13-month period.
f Revised data for 1933 represent total production for the United States.
53
SURVEY OF CURRENT BUSINESS
Mav 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
1934
1933
March
April
June
May
Decem- January
October NovemAugust September
ber
ber
July
February
TEXTILE PRODUCTS—Continued
COTTON
Consumption!
thous. of bales..
Exports:
Quantity, exclusive of linters
thous. of bales..
Value. (See Foreign Trade.)
Ginnings (total crop to end of month)
thous. of bales..
Imports#._.
thous. of bales..
Prices:
To producer
dol. per lb._
Wholesale, middling, N.Y
dol. per l b . .
Production, crop estimate
thous. of bales._
Receipts into sighti
thous. of bales..
Stocks, end of month:f
Domestic, total mills and warehouses
thous. of bales._
Mills
.thous. of bales..
Warehouses..
thous. of bales..
World visible supply, total
thous. of bales. .
American cotton
thous. of bales..
495
470
621
697
601
589
550
488
436
592
615
692
531
12, 660
19
12, 710
13
7
9
14
171
12
1,394
10
.117
.123
.061
.070
.061
.069
.082
.086
.087
.096
.106
.108
593
569
584
728
771
761
782
9,503
1,650
7,853
8,868
6,516
10, 244
1,343
8,901
9,796
7,977
9,523
1,371
8,152
9,560
7,613
8,715
1,392
7,323
9,014
7,042
7,708
1,398
6,310
8,341
6,429
7,085
1,348
5,737
7,713
5,908
.175
.276
.179
.278
.216
.306
.251
.345
39,475
4,125
28,150
3,510
27, 384
4,808
499
504
475
348
508
47S
1,047
915
820
739
628
5,851
7
10, 361
12
12,108
13
12,357
14
12, 559
13
.097
.090
.097
.096
.100
.103
.113
2,131
3,231
2,331
.096
.102
13,177
1,272
6,946
1,160
5,786
7,254
5,602
8,535
1,160
7,375
7,901
6,385
10,836
1,361
9,475
9,383
7,828
11,985
1,574
10,411
9,848
8,203
11,955
1,642
10,313
10,060
8,255
.311
.410
.361
.548
.339
.505
.321
.494
.295
.478
.301
.458
30,178
3,823
28, 704
3,088
18,213
1,404
13,797
2,442
13,095
3,204
15,092
3,925
17,919
4,004
16,790
3, 985
.070
.067
1
11, 1031
1,602 '
9, 501
9, 837
7,693
.117
. 123
10,293
1, 654
8, 639
9,284
7, 025
COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
.327
22/ls, cones, Boston
_dol. per lb_.
.480
40/ls, southern, spinning.
dol. per lb._
Cotton goods:
Abrasive cloth. (See Paper Products.)
Cotton cloth:
Exports§.._
.thous. of sq. y d . . 22, 556
5,426
Imports#
thous. of sq. yd._
Fiber consumption for tires. (See Rubber and
Rubber Products.)
Prices, wholesale:
.070
Print cloth, 64 x 60
dol. per yd—
Sheeting, brown, 4 x 4 (Trion mill)
.082
dol. per yd..
Cotton cloth finishing:
Printed only (mills and outside):
Production...
.thous. of yd..
Stocks, end of month
thous. of yd..
White, dyed and printed (outside mills):
Billings (finished goods)
thous. of yd..
Operations
percent of capacity._
Orders, new, gray yardage...thous. of yd..
Orders, unfilled, end of mo
day's prod..
Shipments (finished goods)
cases..
Stocks, end of month (finished goods)
cases._
Spindle activity:!
Active spindles
thousands.. 26, 504
7,720
Active spindle hours, total..mills, of hours..
249
Average per spindle in place
hours..
102. 9
Operations
percent of capacity..
.322
. 479
20, 071
4,61')
.067
.065
.066
. 069
. 07:2
.078
.076
.073
.077
.081
57,471
92,301
71, 669
103, 371
64, 334
103, 574
59,741
54
55, 357
2.5
29,843
45,092
53
60,949
3.4
26,775
48, 097
60
79,155
2.8
27, 383
.032
.037
.048
.059
.067
.037
.039
.050
.064
.077 |
95, 746
74, 463
80, 765
88,278
81, 740
100,479
75, 395
90,106
72,909
75, 329
82, 943
51,148
60
61, 681
2.1
30, 339
43,006
60
58,847
3.0
28, 700
55,018
68
72, 565
3.0
34,684
80, 782
84
140, 632
8.8
51, 004
75, 847
76
93, 660
4.6
48, 389
I
.316
.467
15,768
16,104
15,418
30, 580
35,433
24,144
40,107
43,927
23,488
7,050
227
93.8
23, 422
6,570
212
95.5
24, 610
8,329
269
112.4
25,550
9,299
300
128.9
26, 085
8,128
263
117.5
25, 885
7,942
258
106.7
26,002
7,058
229
99.6
25,875
7, 261
235
101.9
8
52
366
828
1,126
395
770
25, 423
6,796
220
96.3
24, 841
5,095
165
73. 5
25, 653
6, 970
225
2(), 355
98. 5 j
I
EAYON AND SILK
Rayon:
Imports#
thous. of lb._
Price, wholesale, 150 denier, " A " grade,
N.Y
dol. per lb._
Stocks, imported, end of month.thous. of lb_.
Silk:
Deliveries (consumption)
bales..
Imports, raw#
thous. of lb._
Operations, machinery activity:
Broad looms
percent of capacity-.
Narrow looms
percent of capacity..
Spinning spindles
percent of capacity..
Prices, wholesale:
Raw, Japanese, 13-15, N.Y
dol. per lb__
Silk goods, composite
dol. per yd_.
Stocks, end of month:
World, visible supply
bales..
United States:
At manufacturers
bales..
At warehouses
bales...
42
338
.65
.60
257
.50
253
.55
249
.60
237
.60
287
.65
410
.65
398
.65
504
.65
507
.65
506
44,080
5,796
38, 934
4,254
41,910
5,660
47,151
6,404
53, 627
7,732
44, 597
8,396
42, 852
7,828
31,185
7,007
28,521
7,029
34,822
5,472
26.959
4,833
40, 942
3, 895
56.6
36.3
38.2
59.2
42.2
49.8
75.4
46.0
52. 3
74.8
53.0
62.8
82.9
53.2
78.4
1.182
.89
1. 324
.92
1.586
.95
2.155
.98
2.273
1.02
1. S81
1.04
1.889
1.04
1.647
1.04
1.465
1.04
1.416
1.04
1. 453
1.04
237, 236
234, 523
224, 425
218, 923
243, 529
264,130
283, 731
20, 243
43, 814
21,151
43, 038
20, 243
40,125
22,190
33,933
21, 458
51, 684
23,092
55, 515
24,480
73,800
24,762
96, 786
23.139
83, 820
1.405
1.04
22, 640
62, 828
30,021
4, 27!)
1.550
1.04
301, 981 323,171
23,078
93, 625
23,153
91,122
22,415
74, fiO7
WOOL
35, 968
34, 348
55,694
50,467
43, 466
33, 570
51,037
24,943
46,898
58,688
57, 377
28, 701
Consumption, grease equivalent._thous. of lb._ 36,119
12 f522
9, 637
40, 060
21,308
19,633
15, 997
10,898
4,451
6,140
3,179
31, 406
Imports, unmanufactured§#
thous. of l b . . 16, 975
16,168
Operations, machinery activity:
134
134
100
62
108
108
55
107
Combs
percent of capacity..
Looms:
40
44
49
49
46
35
22
25
31
46
35
Carpet and rug
percent of capacity..
39
39
27
29
53
54
41
48
28
46
34
Narrow...
percent of capacity..
64
42
97
67
87
73
62
57
43
66
Wide
percent of capacity..
Spinning spindles:
63
54
70
42
53
100
82
108
77
Woolen
percent of capacity._
48
60
32
96
65
46
52
72
Worsted
percent of capacity..
44
35
92
• Dec. 1 estimate.
^ For revisions for crop years 1932 and 1933 see p. 52 of the October 1933 issue and p. 52 of the September 1933 issue, respectively.
t For revisions of cotton consumption and spindle activity for the year ended July 1932 see p. 20 of the February 1933 issue, and for cotton consumption and spindle
activity for the year ended July 1933 see pp. 52 and 53 of the November 1933 issue.
§ Data revised for 1932. For revisions see p. 53 of the June 1933 issue.
# See footnote on p. 34 of this issue.
54
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
Mav 1934
1933
March
March j April
May
June
July
August
1934
S eeptem
m
Eber
^ " October
Novem
ber
January February
'
TEXTILE PRODUCTS—Continued
WOOL—Continued
Prices, wholesale:
Raw, territory, fine, scoured
dol. per lb__
Raw, Ohio and Penn, fleeces dol. per l b . .
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd-_
Women's dress goods, French serge, 54" (at
factory)
dol. per yd._
Worsted yarn, 2/32s, crossbred stock, Boston
dol. per lb._
Receipts at Boston, total
thous. oflb__
Domestic
- -thous. of lb
Foreign
thous. of lb._
MISCELLANEOUS PRODUCTS
Burlaps and fibers, imports: #
Burlaps
thous. of lb_.
Fibers
-long tons
Buttons and shells:
Buttons:
Imports, total § #
thous. of gross.
From Philippines
thous. of gross..
Fresh-water pearl:
Production
percent of capacity
Stocks, end of month
thous. of gross..
Shells, imports, total #
thous. of lb_.
Mother of pearl
_ _ __ thous. of lb
Tagua nuts, imports #
thous. of lb_.
Elastic webbing, shipments
.tbous. of dol
Fur, sales by dealers
thous. of d o L .
PyroxyJin-coated textiles (artificial leather):
'Orders, unfilled, end of month
thous. of linear y d . .
Pyroxylin spread--..
thous. of lb__
Shipments, billed
. . . t h o u s . of linear yd__
0.87
.40
0.44
.19
0.49
.20
0.63
.29
0.70
.32
0.79
.35
1.763
1.175
1.163
1.395
1.550
1.125
.750
.750
.780
.925
1.35
.80
4, 657
4,032
625
.83
6,835
6,544
291
.93
17, 630
17,415
215
35. 113
23, 059
34,842
25,118
27, 284
12, 307
30,192
20, 079
0.80
.37
0.82
.39
0.84
.41
0.85
.41
0.88
.42
1.613
1.765
1.800
1.800
1.800
1.800
1.800
1.800
.975
1.065
1.125
1.125
1.125
1.125
1. 125
1. 125
1.09
54,510
52, 995
1,5U
1.17
83, 318
70, 876
12,442
1.18
61, 303
45, 593
15,710
1.29
28,981
22, 204
6,777
1.35
18,931
15, 241
3,690
1.35
14, 068
11, 073
2,995
1.35
6,176
4,824
1,352
1.35
1.35
34, 251
17,820
34,499
23,807
50, 203
20, 523
25,097
18, 974
49,848
21, 806
33,914
18, 713
31,061
22,195
35, 768
28, 406
26,346
18, 839
157
61
72
47
0.88
.42
0.88
.42
78
47
71
58
75
61
98
74
86
74
114
77
93
62
53
44
102
74
125
82
45
39
62.7
7,187
1,608
657
867
3, 148
36.2
7,325
3,255
394
1,087
619
1,661
43.2
7,132
200
181
865
615
2,067
51.3
6,938
567
549
1,176
820
3,327
54 2
6,792
172
120
1, 983
1,093
3,803
49.0
5,983
815
150
3,236
1,301
3,892
56.3
5,737
779
713
3,264
1,270
"5,280
52.9
5,832
506
483
2,216
1,074
° 2,743
60. 4
5,827
505
365
3,066
1,097
876
58.8
6,211
667
612
1, 506
877
711
41. 8
6,205
1,057
387
1,223
709
1,154
44. 8
7, 328
274
254
1,457
883
°3, 515
3,811
5,199
4,854
1, 992
2, 333
2, 079
2, 699
3, 039
2,781
2,753
3,920
3,760
3,745
4,450
4,202
3,195
4, 348
4,280
2,751
3, 691
3, 889
2,660
2,761
2,718
2,556
2, 697
2, 578
2,477
2,157
2, 024
2,599
2,351
2,148
3, 383
3,283
2, 876
4. 210
5,278
3,812
123
66
21
36
107
66
28
13
1,714 I 2,190
1,233 i 1, 726
2, 868
2, 428
2, 3S4
1,118
3, 026
2, 269
a
a
46. 5
7, 342
1,862
559
1.291
3.077
TRANSPORTATION EQUIPMENT
AIRPLANES
106
119
Production, total
number..
62
44
Commercial (licensed)
number - _
45
Military (deli veries)
_nurn her_ _
30
For export
number..
Exports:
AUTOMOBILES t
Canada:
4. 920
1,256
1, 601
Automobiles, assembled
number..
4, 161
936
Passenger cars
number..
1, 558
United States:
Autos and parts, value. (See Foreign
Trade.)
8,056 j 8,318
Automobiles, assembled, total §.number.. 26, 217
5,528
5, 662
Passenger cars §
number... 16, 141
2,528 ' 2,656
Trucks §
number.. 10, 076
Financing:
.Retail purchasers, total
thous. of dol.. 69,102 33,547 45, 337
19,454 28, 226
New cars
thous. of doL. 46,235
16,107
Used cars
thous. of doL. 21,490 13,335
1,378
1,005
Unclassified.
thous. of doL.
748
Wholesale (manufacturers to dealers)
thous. of dol. -| 102,760 27, 706 40,S41
Fire-extinguishing equipment: f
Shipments:
28
28
31
Motor-vehicle apparatus....
number.
18, 026 12, 871 12,417
Hand types
numberProduction:
Automobiles:
6,632
14,180
8, 255
Canada, total—
number12, 272
5,927
6,957
Passenger cars
numberUnited States, total
number- 335, 993 118, 002 180,713
Passenger cars
number. 278,135 99, 225 152, 939
16
411
660
Taxicabs
number.
57, 842 18,117 j 27, 363
Trucks
number.
1, 652 a
898
347
Automobile rims.
thous. of rims.
Registrations, new passenger cars t-.number. 173,287 78, 749 119,909
Sales:
General Motors Corporation—
98,174 47, 436 71,599
To consumers
numberTo dealers, total
number. 153, 250 58, 018 86, 967
U.S. dealers
_.
number- 119, 858 45,098 74, 242
Shipments, accessories and parts, total *
141
41
64
Jan. 1925 = 100.
Accessories, original equipment
33
59
150
Jan. 1925=100.
42
46
73
Accessories to wholesalers
Jan. 1925=100.
87
106
139
Replacement parts
.Jan. 1925 = 100.
32
38
72
Service equipment
Jan. 1925 = 100.
RAiLWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity
mills, of Ib- 191,146 198,652 198,158
2,101
2,095
2,007
is! umber, total...
thousands.
Bad order, total
number- 291,081 274,368 286,987
13.2
13.8
14.7
Percent of total in bad order
122
66
143
141
99
i
35
2,690
2,194
2, 247
1,805
1,731
1,220
7, 538
5, 093
2, 445
7, 235
4, 757
2, 478
9,128
5,546
3,582
132
81
14
37
10, 308
6,516
3, 792
10,944
6,330
4,614
11,473
5,906
5,567
6, 703
3, 527
3,176
9,526
3,066
6,460
11,258 i 14,911
3,685 ! 8,872
7,573 i 6,039
58,193 | 65,514
37,475 43, 004
19, 428 21,182
1,328
1,289
65,153 71,187
43,334 I 47,291
20,542 22,536
1,277 1,360
62, 539
40, 887
20, 393
1,259
57, 503
36, 790
19, 665
1,048
43,889
26,278
16, 741
870
33,124
17, 794
14, 532
798
34,437 | 45, 378
19,190 i 29, 290
14, 420
15. 198
827
890
55, 006
57,866 j 69, 6i3
51,127
38,963
17, 703
16,573
35,879 I 61,514
17
18, 348
17,8
14
21, 892
27
25, 356
19
21, 204
7,323
6,079
6,540
3,682
5,808
6,005
5,322
4, 919
2,723
4,358
253,387 233,141 236, 556 196,143 138,542
211,448 195,019 195,076 160,891 108,010
35
4
68 I
63
9
I 41, 904 38,118 41,412 I 35, 243 30, 469
961 |
1,015
890
523
701
174,190 185,660 178, 661 157,976 136, 326
2,291
1, 503
63, 987
42, 818
1,611
19, 558
506
94,180
3,262
2,171
84,152
52, 601
1,299
30, 252
627
58, 624
6,904
4, 946
61, 086
16, 032
321
44, 733
789
61, 242
35, 417
10, 384
3,483
11,951
21, 295
11,191
23, 438
62, 506
46, 190
56
59
78
106
44
86
105
53
67
89
43
74
77
102
57
109
65
118
59
18
16, 401
9,396
8,024
218,347
184,644
54
33, 649
938
160,242
56,938
I I
25
21 '
22,642
19
19,495 | 21,183
85,969
98,205
85,980
101,827
113, 701
99,956
87, 298
106, 918
92,546
86,372
97,614
84,504
71,458
81,148
67, 733
71
81
76
80
74
64
56
118
50
73
99
129
50
68
83
119
47
134
56
66
101
120
48
47
91
109
47
197, 664 196, 733 196,059 195,380 194,387
2,069
2,077
2,060
2,088
2,047
303,758 316,107 316,437 304,202 295,056
15.4
15.4
14.9
14.7
14.6
193,556
2,038
295,087
14.7
63,518
53,054
41,982
59 j
• Revised.
t Index of sales of new passenger cars is on p. 26.
§ Data revised for 1932. For revisions see p. 54 of the June 1933 issue.
f Revised series. See p. 19 of the August 1933 issue for earlier data on fire extinguishers and passenger-car registrations.
* New series. For earlier data see p 20 of the February 1934 issue.
# See footnote on p. 34 of the April 1934 issue.
1, 750 | 1, 625
1, 228 j 1,042
193, 050 192,826
2,027
2,031
295, 784 289,985
14.5
14.8
a
a
20
15, 715
8,
7,
235,
190,
571
101
384
253
27
« 45, 104
1,262
94, 887
58,911
100, 848
82, 222
192, 167 | <* 191, 580
2.019 !
2,012
286,928 i 295,582
14.4 | 14.9
55
SURVEY OF CURRENT BUSINESS
May 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
March
1933
March
April
May
TRANSPORTATION
June
July
1934
Decem- January j FebruOctober Novem-j
ber
ber
August
EQUIPMENT—Continued
RAILWAY EQUIPMENT-Continued
Equipment condition—Continued.
Locomotives, railway:
Owned:
Tractive power
mills, oflb..
Number
number..
Awaiting classified repairs...number..
Percent of total
„
Installed
number..
Retired
number..
Passenger cars:
On railroads (end of quarter)
number..
Equipment manufacturing:
Freight cars:
Orders, new, placed by railroads
cars..
Orders, unfilled, total
cars..
Equipment manufacturers
cars..
Railroad shops
cars..
Shipments, total
cars..
Domestic
.cars..
Locomotives, industrial electric (quarterly):
Shipments, total—
number..
Mining use
number..
Locomotives, railway:
Orders, new, placed by railroads.number..
Orders, unfilled, end of month:
Equipment manufacturers (Census)
total
number..
Domestic, total
number..
Electric
-number..
Steam
-number..
Railroad shops (A.R A.)
number..
Shipments:
Domestic, total— —
number..
Electric
number..
Steam
number-.
Exports, total §
number-.
Electric
number...
Steam..
number..
Passenger cars:
Orders, new, placed by railroads-.number..
Orders, unfilled (end of quarter)-number..
Shipments, total
number..
Domestic
number..
2,357
49,894
11, 259
23.0
52
192
2,423
52,081
10, 545
20.6
41
197
2,422
52,020
10, 743
21.2
44
105
2,410
51,654
11,103
21.9
43
410
6
1,873
0
1,873
9
9
38
37
13
12
2,396
51,233
11,109
22.1
23
322
2,391
51,081
11,000
21.9
73
248
47,881
48, 592
522
6,512
1,700
4,812
25
21
2,407
51,537
11, 203
22.2
89
355
50
1,561
0
1,561
0
0
1,205
0
1,205
500
1,205
0
1,205
2
2
2,382
50, 788
10, 735
21.5
53
346
2,379
50, 677
10,963
22.0
42
162
2,372
50,446
10,824
21.8
26
261
130
1,129
0
1,129
427
392
26
26
19
275
0
275
42
22
2,363
50,103
10,965
22.2
38
258
2,361
50,034
11,119
22.6
75
144
150
732
10
722
48
22
19, 727
5,019
0
5,019
24
24
46, 272
47,232
1,187
0
1,187
165
120
2,370
50, 323
10,895
21.9
35
294
520
127
0
127
162
112
665
125
0
125
62
62
12
224
0
224
67
38
38
20
104
100
69
31
1
80
77
75 1
1
1
0
oi
oI
2
1
i!
80
78
68
10
1
103
99
08
31
1
4
4
0
0
0
0
6
4
4
3
i
ELECTRIC TRUCKS AND TRACTORS
Shipments, industrial, total
Domestic—
Exports
number. _
number..
number..
60
58
52
0!
46
39
SHIPBUILDING
United States:
Merchant vessels:
Under construction.—thous. of gross tons..
Completed during month.total gross tons_.
Steel
total gross tons..
World (quarterly):
Launched:
Number
ships..
Tonnage
thous. of gross tons—
Under construction:
Number
Tonnage.
42
5, 314
2,085
14
41,213
37, 537
12
2,885
1,578
18
9,474
7,246
35
2,794
35
38
5,264
319
36
5,673
1,867
24
5,148
3, 751
25
5,930
1,406
25
8,363
7,743
44
4,159
1,814
43
2, 976
1, 437
90
130
249
.ships..
thous. of gross tons.. "I,~079
26
2,787
1,181
209
732
232
741
216
757
CANADIAN STATISTICS
Business indexes: *
Physical volume of business
1926= 100.
Industrial production, total
1926= = 100.
Construction^
1926= = 100.
Electric power
1926= a oo.
Manufacturing
1926= a oo.
Forestry
1926= aoo.
MiningJ
1926= aoo.
Distribution
..1926= =ioo_
Carloadings
1926= =ioo_
Exports (volume)
1926= = 100.
Imports (volume)
.1926= = 100.
Trade employment
1926=
Agricultural marketing
1926= aoo.
aoo.
Grain marketings.
1926= aoo.
Livestock marketings.—
1926= = 100.
Commodity prices:
Cost of living index t1926= =100..
Wholesale price index #.
1926= =100..
Employment, total (first of month).1926= = 100..
Construction and maintenance__. 1926=
Manufacturing
...1926= a oo..
Mining
_
1926= =100..
Service
...1926= =100..
Trade
1926= ioo_.
Transportation
1926 = 100..
100..
93.1
92.0
36.2
176.0
88.8
100.3
149.0
96.3
74.3
73.0
64.7
119.2
63.8
58.7
86.4
68.4
62.5
17.2
134.4
62.7
60.7
106.5
84.8
61.8
51.1
50.0
110.5
129.0
140.2
77.8
65.1
22.0
134.9
67.0
63.7
102. 8
82.9
59.4
47.9
44.2
110.1
104.1
109.7
79.2
76.4
72.7
15.1
138.9
77.4
75.7
110.8
86.7
62.9
66.6
54.8
110.3
95.4
98.3
82.5
82.2
79.8
21.1
149.0
85.7
79.2
115. 1
88.9
66.8
65.3
66.7
112.2
221.9
252.5
84.8
84.1
82.6
36.2
160.7
88.2
87.0
98.2
88.4
62.6
71.5
59.7
111.9
136.3
148.5
81.2
89.8
89.5
27 2
168.' 0
96.9
94.0
110. 7
90.5
67.9
65.1
65.0
112.7
197.2
224.6
74.5
90.8
90.2
28. 6
148.9
97.0
88.0
123.7
92.6
63.9
85.8
70.5
114.8
101.1
106.2
78.0
88.2
87.4
45.4
148.8
87.9
86.2
130.9
90.5
62.6
67.6
71.6
113.9
70.5
70.0
72.5
85.5
83.9
39.7
158.1
86.2
87.2
114.4
89.9
62.9
58.3
77.4
112.8
41.8
36.7
65.2
86.2
85.1
36.4
156. 5
88.6
88.4
118.2
89.3
CO. 4
53.5
67.8
115. 9
30.7
24.7
57.5
86.8
84.5
47.4
162. 9
80.7
96.4
120.6
93.2
73.6
75.4
62.8
113.8
48.2
41.6
77.6
86.4
84.0
34.1
168.9
83.2
96.7
117.2
93.1
71.4
63.7
64.0
116. 3
67.1
61. 1
94.0
80.2
72.0
92.7
100.8
86. 5
108.9
109.3
112.5
78.0
77.8
64.4
76.9
56.5
75.8
94.6
102.9
107.3
74.1
78.1
65.4
76.0
54.7
76.0
91.4
102.5
107.6
74.2
77.0
66.9
77.6
60.8
76.8
89.9
99.9
108.6
78.9
77.0
67.6
80.7
67.8
80.0
91.4
106.2
109.1
79.0
77.2
70.5
84.5
78.2
83.0
93.1
111.5
111.8
80.5
78.6
69.4
87.1
88.4
85.2
97.4
111.8
110. 5
81.2
78.8
68.9
88.5
88.4
86.8
100.4
113.8
111.8
82.5
77.9
67.9
90.4
97.0
86.7
105.8
108.1
115.0
82.7
78.1
68.7
91.3
94.6
86.5
109.7
107.9
115.6
78.4
69.0
91.8
94.6
84.4
105.5
108. 8
119.1
79.8
« 78. 0
70. 6
88. 6
88. 1
80.0
106.8
109. 8
122.3
76.3
"79.1
72.1
91.4
98.0
84.2
109.4
ins 7
111.6
76. 2
• New series. For earlier data see p. 18 of the February 1933 issue.
§ Data revised for 1932. For revisions see p. 55 of the June 1933 issue.
t Data revised for 1932-33. Revisions for 1932, see p. 55 of the November 1933 issue.
• Number of commodities changed from 502 to 567 beginning with month of January 1934.
$ Series revised for 1933. See p. 55 of the April 1934 issue.
• Revised
81.4
56
SURVEY OF CURRENT BUSINESS
May 1934
1934
1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
April | May i June
July
August SeptemOctober November
ber
February
CANADIAN STATISTICS—Continued
Finance:
Banking:
Bank debits
mills, of dol..
Exchange. (See Finance.)
Interest rates
1926=100..
Commercial failures*...
number.Life insurance, sales of ordinary life (14 cos.)*
thous. of doL.
Security issues and prices:
New bond issues, total
_thous. of dol..
Corporation
thous. of dol.Dominion and provincial
thous. of doL.
Municipal
thous. of dol_.
Railways
thous. of dol..
Bond yields
percent..
Common stock prices, total f--1926=100..
Banks
1926=100—
Industrials
1926=100..
Utilities
1926=100..
Foreign trade:
Exports
thous. of doL_
Imports
thous. of doL.
Exports, volume:
Automobiles. (See Transportation Equip.)
Newsprint. (See Paper and Paper Products.)
Wheat
thous. of bu__
Wheat
flour
.thous. of bbl_.
Trade with U.S. (See Foreign Trade.)
Railway statistics:
Carloadings
thous. of cars..
Financial results:
Operating revenues
thous. of dol._
Operating expenses...
thous. of doL.
Operating income
thous. of dol._
Operating results:
Freight carried 1 mile
mills, of t o n s . .
Passengers carried 1 mile
mills, of passengers..
Commodity statistics:
Production:
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
mills, of kw.-hrs_.
Pig iron
thous. of long tons..
Steel ingots and castings
thous. of long tons.Livestock, inspected slaughter:
Cattle and calves
thous. of animals..
Swine
thous. of animals..
Sheep and lambs
thous. of animals..
Newsprint. (See Paper and Paper Products.)
Silver. (See Finance.)
Wheat, visible supply. (See Foodstuffs.)
Wheat
flour
thous. of bbl_.
90.1
1,887
1,877
2,650
2,982
3,528
100.0
192
101.3
184
29, 770
98.1
175
97.1
158
96.7
142
95.0
150
2, 457 I
2, 823
2,837
2,492
2, 089
95.8
155
94.6
144
97.3
155
98.5
159
96.0
30, 497
32, 398
30, 255
27, 263
25,381 ! 31,472
34,185
37, 376
26, 059
380
986
625
10, 750 I
0 I
11,173
485
123, 388
1,110
74, 958
0
94,790
500
0
225, 780
90
6,805
1,575
29
0
40, 946
0
3,634
0
22, 700
2,979
0
4.32
88.0
76.9
128.5
58.8
250
111
0
4.79
48.9
62.8
59.1
39.9
0
10, 750
0
4.85
53.8
60.3
69.7
40.4
7,815
2,873
0
4.70
66.1
65.2
88.6
49.5
117,474
4,804
0
4.65
77.4
73.4
107.1
56.4
68, 350
5, 608
1,000
4.63
86.5
80.4
122.3
61.5
80, 000
14, 290
0
4.55
81.8
76.0
117.2
56.8
0
486
0
4.59
81.6
74.8
119.1
53.5
225,000
690
0
4.53
73.3
71.7
103.6
48.5
5,000
230
0
4.66
76.8
68.4
113.4
47.8
0
29
0
4.72
75.3
64.7
111.4
47.8
40,799
147
0
4.66
81.6
71.7
118.6
53.5
3, 000
634
0
4.60
86.5
76.7
123.8
58.0
58, 388
47, 497
37,161
32, 963
20, 312
20, 457
46,109 !
32, 927 i
46, 472
33, 619
51,866
»35, 698
45,135
38, 747
58,329 « 61, 035
41,070
38,698
60, 926
43,712
51. 624
35, 368
47,118
32, 391
38,365
33. 592
10, 103
493
14,816 j
490 !
21, 465
565
16,999
545
16, 374
493
8,653
480
19,666 « 23, 612
553
514
23,144
548
17, 458
418
7,088
448
6, 513
328
29, 763
189
157
20, 612
19,161
520
1, 712
I
4,460
234
161
176
183
186
19,530 I 21,447
18, 072
19, 298
351 j 1,136
24, 310
20, 344
3,071
23,713
on
20, Tnn
709
2,103
23,730
01
I,M
21,144
1,679
25,872
19,829
5,111
1,413 I 1,529
2,133
1,735
1,752
2,103
2, 442 I
2, 011
141
145
145
136
96 j
91
1, 371
1
1,443
32
138 i
105 !
100
202 I
222
201
158
27, 239 I 24,176
19,683 I 18,241
6,654 I 5,040
22, 749
18, 340
3,916
1,537 ! 1,682
138 !
97
1, 796
12
1, 371 1
0
1, 297 I
0 I
106
259
38
89
250 i
42 I
97 f
232 j
30 1
1,064
1,005 i
1,013
1, 350 j
0 I
23
32
116
279
30
91
235j
56
1,334 |
1,186 !
1,508 I 1,489 I 1,618
35 ;
31 I
49 I
88 ;
191 |
72 |
1, 323 i
38
99
187
101
101
195
148
1,444'
1,393 j
1,703
30
48
108 !
235 !
182 i
1,70
3'
43
50 j
100
277
84
67 I
253
41
1, 651 j « 1, 827 I
* New series. For earlier data see p. 20 of the Oct. 1933 issue, commercial failun ?, and p. 20 of the F e b . 1934 issue, life insurance sales.
t Series revised back to Dec. 1932 as a result of inclusion of additional stocks. S •e p. 56 of the Apr. 1934 issue.
21,011
19, 945
216
967
109
1
1, 724
31
I, 613
12
91
270
40
1,043 :
84
263
36
1,102
Revised.
CHANGES IN STATISTICAL SERIES MADE SINCE PUBLICATION OF THE 1932 ANNUAL SUPPLEMENT
Since the publication of the 1932 Annual Supplement, m a n y series have been added to or dropped from the Survey in the regular semiannual revisions that have been
made with the Juna and December issues. A record of the changes made in tha December 1932 and June 1933 issues m a y be found on p . 56 of each monthly number from
June 1933 to November 1933, inclusive. This record has b3an dropped from the current issue since sufficient space is not available to show them. Changes in the statistical series which were made in the December 1933 issue are listed below.
DATA ADDED
Page
Purchasing power of the dollar...
24
Highway construction under the National Industrial Recovery Act
25
Home Loan B m k , loans outstanding
25
H. L. Green Co., Inc., stores and sales. _.
26
Pittsburgh employment index
28
Pittsburgh pay-roll index
29
Construction wage rates (E.JST.R.)
„ 30
Reconstruction Finance Corporation, loans outstanding
32
Cellulose plastic products, production a n d shipments of nitro cellulose a n d cellulose acetate
sheets, rods, and tubes
_ 38
U.S. Steel Corp., shipments of finished p r o d u c t s . . 47
DATA DROPPED
Page
Paper board, production and shipments
50
New orders index
23
Unfilled orders index
23
Federal-aid highway, work approved for construction and balance of Federal-aid funds available
for new construction (new work now paid for by
funds appropriated under N.I.R.A.)...
25
Building cost index of electric light and power construction {Rickey)
25
Building material costs, frame and brick house
25
F. and W. Grand stores and sales (merged with
H. L. Green Co., Inc.)
26
Isaac Silver & Bros, stores and sales (merged with
H. L. Green Co., Inc.)
26
DATA D R O P P E D — C o n t i n u e d
Page
Explosives, production, shipments, and stocks
36
Animal glues, production and stocks
36
Pyroxylin products production and shipments of
sheets, rods, and tubes
38
Gray iron castings, orders, production, receipts,
and stocks
_
45
Plumbers woodwork, orders, shipments, and stocks 46
U.S. Steel Corp., unfilled orders
47
Fabricated structural steel, orders and shipments
with percent of capacity
47
Electric hoists, orders and shipments
47
Illuminating glassware, percent of full operation of
orders, production and shipments
52
Carded sales yarn, all series
53
U. S. GOVERNMENT PRINTING OFFICE: 1934
INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
50
Acceptances, bankers'
.
30
Accessories, automobile
54
Advertising, magazine, newspaper, radio
25,26
Africa, United States trade with
34
Agricultural wages, loans
30
Air-conditioning equipment
47
Air mail
._
26
Airplanes
35,54
Alcohol, denatured, ethyl, methanol
35
Al urnin um
48
Animal fats, greases
„
37
Anthracite industry
_. 22,29,42
Apparel, wearing
29,52
Argentina, United States trade with; exchange; flaxseed stocks
31,34,38
Asia, United States trade with
34
Asphalt
43
Automobiles
22, 27, 28, 29, 54
Babbitt metal
48
Bank suspensions
31
Barley
40
Bathroom
fixtures
.
46
Beef and veal
41
Bituminous coal
22,28,29,42
Boiler and boiler
fittings
46
Bonds, prices, sales, value, yields33
Book publication
.
50
Boxes, paper, shipping
50
Brass
49
Brazil, coffee; exchange; United States trade
with
.
31,34,41
Brick
_
,._.
52
Brokers' loans
__.
30
Bronze
49
Building contracts awarded..
24,25
Building costs
25
Building materials.
.
24,44,46,47
Business activity index (Annaiist)_
22
Business failures
31
Butter
39
Canadian statistics—
„
55,56
Candy
42
Canal traffic
___„
35
Capital issues
32,33
Carloadings
„„
22,35
Cattle and calves
._
41
Cellulose plastic products
38
Cement
22, 27, 29, 52
Chain-store sales
26, 27
Cheese
39
Chile, exchange; United States trade with__ 31,34
Cigars and cigarettes
42
Civil-service employees
28
Clay products
23, 24, 27, 28, 29, 52
Clothing
_
24, 25, 27, 28, 29, 52
Coal
„
22,23,29,42
Cocoa.
_.
41
Coffee
—
23,41
Coke.___
.
43
Collections, electrical trade
26
Commercial paper
30
Communications
,
36
Construction:
Contracts awarded, indexes..
24
Costs
.
25
Highways
._.
25
Wage rates
„
. .
30
Copper
.....
.
48
Copper wire cloth
„
49
Copra and coconut oil
,
37
Corn
...
40
Cost-of-Hvmg index
23
Cotton, raw and manufactures
23,53
Cottonseed, cake and meal, oil
37
Crops
... 23,38,39,40,53
Dairy products
23.39
Debits, bank
30
Debt, United States Government
32
Delaware, employment, pay rolls___.
28,29
Department-store sales and stocks
27
Deposits, bank
30,31
Disputes, labor
29
Dividend payments
,__
33
Douglas fir
.
,
„_
45
Earnings, factory
„
„_
29,30
ERRS.
23,41
Electric power, production, sales, revenues.. 22,38
E'ectncnl energy, consumption index
22,23
Fl<xtm*nl equipment
49
KIc*( rr> railways
35
EmploymentCities Biso State*
.
28
F-orc-ry Federal Reserve Board indexes... 27,28
Nonnv.ruinctuiing
,
28
M^ce" IPCOUS
28
Emii'dtion. .
35
Fiiamc't\! 'Aprs _
46
Fn«,inefnng construction
._
25
En 'land rxihan^e; United States trade with. 31,34
I AI b 'ij^e r '(."5, foreign
31
Fxpiru'tu*^, United States Government
32
i^xplovvta
„
36
E\p n-ts
._
34
Factory employment, pay rolls, operations^27,
28,29,30
Page
Factory operations, proportion of full time
v/orked
28
Failures, bank; commercial
31
Fairchild retail price index
24
Fares, street railways
35
Farm employees
.
28
Farm prices, index
23
Federal Government,
finances
32
Federal-aid highways...
25,28
Federal Reserve banks, condition of
„_
30
Federal Reserve member bank statistics
30
Fertilizers
36
Fire-extinguishing equipment
54
Fire losses
25
Fish and fish oils
37,42
Flaxseed
38
Flooring, oak, maple, beech, and birch
44
Flour, wheat
40
Food products
22, 23, 27, 28, 29, 39, 40, 41,42
Footwear
.
44, 51
Foreign trade, indexes, values
34
Foundry equipment
47
France, exchange; United States trade with. 31,34
Freight cars (equipment).
27,54,55
Freight carloadings, cars, indexes.
35
Freight-car surplus
„
35
Fruits
...
23,39
Fuel equipment
,
48
Fuels
.
42,43
Furniture
. 45,47
Gas, customers, sales, revenues--.
39
Gas and fuel oils
.
43
Gasoline
.
43
General Motors sales
54
Glass and glassware..
22,27,23,29,52
Gloves and mittens..
44
Gold
32
Goods in warehouses
.
26
Grains
23,24,40
Gypsum
52
Hardwoods
.
44,45
Heels, rubber..
_
51
Hides and skins.
.
.
„__
44
Hogs
„_._..
41,44
Home Loan Bank, loans outstanding
25
Hosiery
.
.
52
Hotels
.
28,29,35
Housing
23,25
Illinois, employees, factory earnings
28,29,30
Imports
.
,.
34
Income-tax receipts
32
Incorporations, business
,
26
Industrial production, indexes
22
Installment sales. New England
27
Insurance, life
.
,_._
31
Interest payments
,
33
Interest rates
30
Investments, Federal Reserve member banks.
30
Iron, ore; crude; manufactures
22,46
Italy, exchange; United States trade with
32,34
Japan, exchange; United States trade with
32,34
Kerosene
.
43
Labor turnover, disputes . .
,_
29
Lamb and mutton.
41,44
Lard
„___
41
Lead
48
Leather
22, 23, 24, 25, 26, 27, 28, 29,44
Leather, artificial
.
54
Liberty bonds
33
Linseed oil, cake, and meal—
.
38
Livestock
.23,40,41,44
Loans, agricultural, brokers', time.
25,30
Locomotives
...
„
55
Looms, woolen, activity.„
53
Lubricating oil
43
Lumber
22,23,24,27,28,29,44,45
Lumber yards, sales, stocks
44
Machine activity, cotton, silk, wool
53
Machinery
25,26,27,28,29,34,47,48
Machine tools, orders, shipments
.
48
Magazine advertising
.
,_
25,26
Manufacturing indexes
„__
22
Marketings, agricultural, forest products
23
Maryland, employment, pay rolls
,_. 28, 29
Massachusetts, employment, pay rolls
28,29
Meats
___!
40,41
Metals.
22,23,27,23,29,45,46,47,48,49
Methanol
36
Mexico:
Petroleum production and exports
43
Silver production..
32
United States trade with
.
34
Milk.
_ _ ...
39
Minerals
.
22,42,43,48,49
Money in circulation
„
32
National Industrial Recovery Acts highway
construction. .
25
Naval stores
23,37
Netherlands, exchange
„
32
New Jersey, employment, pay rolls
28, 29
Newsprint
50
New York, employment, pay rolls, canal
tratnc
_
28,29,35
New York_Stock Exchange.
30,33
Notes in circulation
30
Oats
.
40
Oceania; United States trade with ,
34
Page
Ohio employment
28
Ohio River traffic
35
Oils and fats
37,38
Oleomargarine
37,38
Paints
_
38
Passengers, street railways; Pullman
35,36
Passports issued
35
Paper and pulp—_
22, 23, 24, 27, 28, 29,49, 50
Pay rolls:
Factory, Federal Reserve Board
29
Factory, by cities and States
„__.
29
Nonmanufacturing industries
.
29
Pennsylvania, employment, pay rolls
28,29
Petroleum and products
22,27,28,29,43
Pig iron
22,46
Pork
.
41
Postal business
26
Postal savings
31
Poultry
23,41
Prices:
Cost of living, indexes
23
Farm, indexes
23
Retail, indexes
_
23,24
24
Wholesale, indexes
24
World, foodstuffs and raw material.
50
Printing
22
Production, industrial
32
Profits, corporation
32
Public finance.
Public utilities
28,29,34,35,38,39
Pullman Co
36
Pumps
48
Purchasing power of the dollar
.
24
Radiators
46
Radio, advertising
,
25
Railroads; operations; equipment; financial
statistics
35,54, 55
Railways, street
35
Rayon
53
Real-estate market activity
25
Reconstruction Finance Corporation, loans
outstanding
32
Registrations, automobiles _.
54
Rents, (housing) index
23
Retail trade:
Chain stores:
5-and-10.
26, 27
Grocery
_
27
Restaurant
.
27
Department stores
, ,
27
Mail order
27
Roofing
38
Rice
___..
40
Rubber, crude; scrap; clothing; footwear;
tires
22, 23, 24, 27, 28, 29, 51
Rye.__
_
40
Sanitary ware
46,47
Savings deposits
30,31
Sheep and lambs
41
Shoes
22,24,25,26,27,28,29,44
Shipbuilding
22, 27, 28, 29. 55
Silk
_
23,53
Silver...
22,32
Skins
44
Softwoods
.
_^_.
45
Spain, exchange
32
Spindle activity, cotton
53
Steel, crude; manufactures
22,47
Stockholders
.
34
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks, issues, prices, sales, yields
33,34
Stone, clay and glass products
22, 23, 27, 29, 52
Sugar
_
_ 23,42
Sulphur
36
Sulphuric acid
36
Superphosphate
36
Tea
_
._ 23,42
Telephones and telegraphs
36
Terneplate..
47
Terra cotta
.
...
52
Textiles, miscellaneous products
54
Timber
45
Tin and terneplate
23,47,48
Tires
22,24,27,28,29,51
Tobacco
22, 25, 26, 27, 28, 29, 42
Tools, machine
48
Trade unions, employment
28
Travel
35,36
Trucks and tractors, industrial electric
55
United Kingdom, exchange; United States
trade with
31,34
Uruguay, exchange
32
United States Steel Corporation....
30,34,47
Utilities
28,29,34,35,38,39,54,55
Vegetable oils
37,38
Vegetables
23,39
Wages
— 29,30
Warehouses, space occupied
...
26
Waterway traffic
___..
—
35
Wheat and wheat flour
.. 23,40
Wholesale prices
.
24
Wisconsin, employment; payrolls
28,29
Wood pulp...
„
49, 50
Wool
Zinc
.
22,23,53
22,49
@FedFRASER