Full text of Survey of Current Business : May 1937
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MAY 1937
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
VOLUME
17
NUMBER 5
A New Index of Grocery Chain
Sfore Seles
is presented in the article by Reba L. Osborne of the Marketing Research Division. This index is another in the series
of retail sales indexes developed by the Bureau of Foreign
and Domestic Commerce to measure the flow of goods
into the hands of consumers.
Previously, indexes of
variety store sales, rural sales of general merchandise,
and new passenger automobile sales had been developed
and presented in the SURVEY, while in the issue of September 1936, page 14, regional indexes of rural sales of
general merchandise were presented.
The grocery chain store sales index is based on the
sales of 10 companies, operating in 1935 more than 30,500
stores, or 65 percent of the grocery chain stores reported
in the 1935 Census of Retail Trade. Total sales of the
reporting chains in 1935 amounted to $1,641,000,000, or
5 percent of the total retail sales for the year.
The method of computing the index is set forth in full
in the article, and the accompanying table presents index
numbers for the period January 1929 to March 1937.
UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
ALEXANDER V. D Y E , Director
SURVEY OF
CURRENT BUSINESS
Prepared in the
DIVISION OF ECONOMIC RESEARCH
ROY G. BLAKEY, Chief
M. JOSEPH MEEHAN, Editor
MAY 1937
Volume 17
Number 5
CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Graphic comparison of principal data
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Real estate and construction
Survey of individual industries:
Automobiles and rubber
Iron and steel
,
Textile Industries
Page
2
3
4
5
6
7
8
9
10
11
12
13
SPECIAL ARTICLE
Index of grocer y chain store sales
14
STATISTICAL DATA
Revised series:
Table 19. World stocks of foodstuffs and raw materials (quantity),
1920-27
17, 18
Table 20. Manufactured gas: Customers, sales, and revenues,
1929-36
19
Table 21. Natural gas: Customers, sales, and revenues, 1929-36. . 20
Weekly business statistics through April 24
21
STATISTICAL DATA—Continued
Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metals and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products.
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
General index
Page
22
23
24
25
27
31
37
37
39
41
41
45
46
47
48
49
50
51
52
53
53
55
56
Inside back cover
Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, #3. Price of the 1936 Supplement is 35 cents. Make remittances only to
Superintendent of Documents, Washington, D. C.
130641—37
1
1
SURVEY OF CURRENT BUSINESS
May 1937
Business Indicators
1923-25=100, except as noted
INDUSTRIAL PRODUCTION
150
125
100 \
150
125
100
Ac/jus fee/
75
50
25
0
i i i i i i i
1 I I
i i j | |
j |
I ' t | l
| I j | j
|
| | I | | | |
I | |
| |
i I 1I !
TOTAL (Adjusted)
u
i 11 i 1111 i i 11111 111 11 i M 111 il i1111111
25
0
i i i I 11 i i i I 11 i i
i i, i i i i i i i i i
I
1 i i i i
DEPARTMENT STORE SALES
Adjusted
i i i i i i i
FACTORY EMPLOYMENT & PAYROLLS *
125
100
II
75
50
50
I I I I I I I
50
25
0
125
100
I.C.I. (Adjusted)
75
Adjusfed
75
FREIGHT CAR LOADINGS
125
100
25
0
RURAL SALES OF GENERAL MERCHANDISE
i 11 i i I i 11 i i 1 1 1 i i
CASH INCOME FROM FARM MARKETINGS
(Unadjusted)
25
0
I I I
i I,,,
i i i i i I i i i i i I I i i i I I i I i i
CONSTRUCTION CONTRACTS AWARDED
TOTAL (Adjusted)
^
XRES/OENTML
(Adjusted) *
i i 11 i 11 i i i I 11 1 1 i i 1 1 i i i i 1 1 1 i i i 1 1 1 i i i
25
0
i i i i i i i
11111111111111111111111111111
WHOLESALE PRICES
125
100
75
50
25
0
11111
ALL COMMODITIES
PRODUCTS
i
i i i i i i
11 11 i 1 11 i i, 1 , , , i
BANK DEBITS OUTSIDE NEW YORK CITY
FEDERAL RESERVE MEMBER BANK LOANS
150
125
100
75
50
.,,.1
nT i i i i i i i
1930
1935
ADJUSTED
1935
1
i
1936
FOR SEASONAL VARIATION
NOTE:
1
#
REVISED
Indexes are based on dollar
I.....T
1937
o l
i 1 I I I i I
1935
1930
* REPORTING MEMBER BANKS
figures, except industrial
^ 1 9 2 9 - 3 1 = 100
,,,,,!
I , , , i • I, i , 1111,1111
1935
1936
" * 1 9 2 4 - 29 = 100
production^ freight-car loadings, and factory
employment
)
1937
SURVEY OF CURRENT BUSINESS
May 1937
Business Situation Summarized
Distribution of commodities (other than coal) by the
NDUSTRIAL activity has expanded more than seaIcreased
sonally this spring. Manufacturing output has in- railroads increased in both March and April. Coal
steadily, while the sharp rise and subsequent loadings, which were unusually large in March, dedecline in mineral output has reflected, in the mo in, the
fluctuations in coal production. The expansion in industrial and trade activity has resulted in a gain in employment and earnings which has in turn stimulated
retail sales. Farm income has benefited from the rise
in prices of the major farm commodities prior to April.
Increased industrial activity is evident over a broad
front. Steel-mill output, indicative of conditions prevailing in a variety of industries, has advanced above 90
percent of capacity. Machinery, electrical equipment,
office equipment, agricultural implements, railroad
equipment, and other like products are being produced
in increasing volume. Automobile assemblies, which
fell just short of half a million cars in March, exceeded
135,000 cars a week in the latter part of April. Output
of building materials has expanded in response to the
seasonal and cyclical improvement in the building
industry.
Output of consumer goods continues at a high rate.
Rayon mills are producing to the limit of available
facilities, while cotton mills are operating nearly 50 percent above single-shift capacity. Paper production is
approaching practical capacity, and petroleum refining
is expanding under the influence of the strong demand
for gasoline and other products.
clined rapidly in April after the prompt renewal of the
labor contracts eliminated the possibilities of a prolonged interruption of mining operations.
According to the Department of Labor, the number
of persons employed in nonagricultural pursuits from
February to March increased by 500,000. This gain
was accompanied by a large increase in pay rolls; a
further rise in both employment and pay rolls is indicated for April. Despite the further improvement, the
number unemployed still remains large, a condition
arising mainly from the failure, up to the present, of per
capita business volumes to reattain predepression levels.
The rapid advance in commodity prices at wholesale,
which bad extended over a period of 5 months, was terminated early in April, coincident with the issuance of
official statements warning against too rapid price
advances and the subsidence of speculative activity in
domestic and foreign markets. Prospects of increased
yields of agricultural products also influenced the movement of farm prices.
Stock prices have declined since early in March, with
particularly sharp recessions in industrial shares. Bond
prices have also moved lower, although the April decline
was not so sharp or so persistent as that in March.
MONTHLY BUSINESS INDEXES
Factory em- Freight-car
ployment
and pay rolls loadings
Industrial production
Unadjusted 1
Retail sales,
value,
adjusted *
MerchanTotal dise,
I. c. 1.
Adjusted J
I
s
0.
1929: March
1932: March
1933: March
1934: March
1935: March
1936:
March
April
_
May
June.
July....
August
September
October—
November™
December
1937:
January
February
March
_
First-quarter average:
1929
1933
1934
1935
1936
1937
«
.213
f
I
O
Monthly average, 1923-25 = 100
Cash farm
income 3
5J
If
y
Year and month
jl
Foreign
trade, value,
adjusted 2
©
i
Monthly
Monthly
1929average,
average,
31=100 Monthly average, 1923-25=100 1924-29=100
1926=100
138.8
128
107 142.4
121
86.5 102.5
96.1
65.6
40
37
26
43.0 51.5
66.0
47.5
28
33.0 38.0
26
14
60.2
79.6
50
49.0 57.5
44
33
73.7
71.4
97.4
52.0 59.0
79.4
48
79.9
49
26
124
68
60
87
91
126
66
58
86
91
101
78
74
91
90
118
67
59
84
88
120
64
56
82
87
109
85
81
100
97
104.2
69.1
61.4
84.0
85.7
98.6
53.1
37.9
65.6
71.7
105
61
50
66
65
105
75
62
66
64
113
73
58
76
79
96
104
105
104
105
106
108
111
115
114
97
105
105
105
105
106
107
110
115
114
90
95
101
101
102
104
110
115
115
111
93
101
10]
104
108
108
109
110
114
121
93
100
101
105
109
110
110
111
115
121
97
106
102
100
101
99
102
105
112
117
87.7
88.6
89.8
90.4
92.8
93.4
93.8
94.4
96.2
98.6
77.6
79.3
80.8
81.1
80.2
83.5
83.6
89.0
90.7
95.1
66
69
70
70
73
70
72
73
80
86
62
63
64
66
67
67
67
66
67
71
84
84
87
87
91
86
88
90
94
92
106.7
109.9
113.3
112.4
114.7
111.9
123.6
127.1
122.6
131.0
51
53
56
55
54
51
55
57
52
57
55
58
58
62
65
62
70
64
61
76
90.6
88.7
86.2
95.7
94.4
86.7
89.1
102.1
93.7
117.8
47
47
46
52
59
62
59
57
58
66
59.5
58.5
64.0
69.5
84.0
75.0
89.0
104.0
88.5
86.0
67.5
69.5
72.5
80.0
88.0
74.5
77.5
76.0
77.5
78.5
79.6
79.7
78.6
79.2
80.5
81.6
81.6
81.5
82.4
84.2
112
117
132
113
118
122
105
111
118
114
116
118
115
116
117
109
115
127
98.8
99.7
100.8
90.6
95.8
101.2
80
80
83
68
68
68
95
106.7
103.7
126.2
57
67
67
74
87
103.3
89.3
95.2
63
62
55
75.5
59.5
70.5
75.0
70.5
81.5
85.9
86.3
87.8
121
63
82
90
96
117
122
61
81
90
95
118
110
74
89
92
99
111
102.5
62.6
80.7
84.5
87.2
98.8
107.8
39.7
60.5
68.9
75.0
95.9
97
50
61
60
63
73
101
64
66
63
61
63
108.9
47.4
71.0
81.7
87.8
99.9
116
28
44
51
60
62
125
29
46
46
50
85
136.3
107
16
37
24
47
54
92.7
34.8
48.0
51.0
59.2
68.5
1
http://fraser.stlouisfed.org/ Adjusted for number of working days.
Federal Reserve Bank of St. Louis
2
Adjusted for seasonal variation.
3
66.0
74.1
86.4
95.9
From marketings of farm products.
95.8
60.3
73.2
79. 2
80.3
86.7
SURVEY OF CURRENT BUSINESS
May 1937
Graphic Comparison of Principal Data
I FIRST 3
MONTHS
V////X REMAINDER OFYEAR
BANK DEBITS OUTSIDE NEW YORK CITY (BILLIONS OF DOLLARS)
CASH INCOME FROM FARM MARKETINGS *(BILUONS OF DOLLARS)
3
2
4
6
8
J
O
\Z
50
60
£>
6
1937 wmmmmmmam
1936
1935
Hi ' ' ' '
1 934
1933
1929
CONSTRUCTION CONTRACTS AWARDED (.BILLIONS OF DOLLARS)
1929
STEEL INGOT PRODUCTION (MILLIONS OF TONS)
0
20
\0
1937
1936
1 935
1934
1933
1929
bzzzzs/ / / /
30
40
/ //A
AUTOMOBILE PRODUCTION (MILLIONS OF CARS)
<3
1937
1936
1935
1934
1933 H n s f / / / / / / /
\
*V
//////////A
1929
FREIGHT CAR LOADINGS (MILLIONS OF CARS)
30
INCLUDES BENEFIT PAYMENTS BEGINNING AUGUST 1933, AND AGRICULTURE CONSERVATION PAYMENTS BEGINNING OCT. 1936
60
D.D.9O2Q
SURVEY OF CURRENT BUSINESS
Mav 1937
Commodity Prices
March, and advances were made also by all component
indexes shown in the table below, excepting those for the
fuel and lighting and chemical and drug groups.
had witnessed an unusual acceleration of the long Indexes for the weeks ended April 3 and April 17, howadvance, particularly in prices of raw materials needed ever, showed a decline of 0.8 percent in the combined
by countries making extensive military preparations so index for the 2 weeks, and much larger declines
that the situation was promptly altered by official in the indexes for farm products, foods, and raw
warnings and suggestions of Government action to materials.
According to the Bureau of Agricultural Economies'
prevent rapid price advances, or to bring about a downmonthly data, prices received by farmers for products
ward readjustment in some commodities.
Moody's daily index of spot prices of 15 "sensitive" marketed were higher in mid-April than a month earlier.
commodities which had advanced 11 percent from The Department stated that the outlook for the more
February 20 to April 5 declined 8.4 percent by April 30. important farm products during the next few months
Among the individual commodities whose prices indicates no marked changes in the general level of
advanced rapidly during March and then broke sharply farm prices. Some later weakening is expected, howin the first half of April were the nonferrous metals, ever, as new crops exert greater influence.
The cost of living rose sharply, 0.8 percent, from
steel scrap, rubber, raw cotton, wheat, and butter.
Important commodities which made large or substantial February to March and was 5.6 percent higher than a
advances from March 1 to mid-April included steers, year earlier, according to the National Industrial
beef, hides, leather, and textile products, but marked Conference Board. Fairchild's index of retail prices of
declines occurred during the same period in the prices department-store articles continued the uninterrupted
advance which began last July, and on April 1 was
of hogs, lard, cottonseed oil, wool, and anthracite.
The Bureau of Labor Statistics' monthly index of 784 0.9 percent higher than a month earlier and 7.3 percent
price series advanced 1.7 percent from February to above a year ago.
HOLESALE prices reacted sharply during the
W
first half of April, after a strong and almost continuous advance of several months' duration. March
INDEXES OF COMMODITY PRICES
Wholesale Prices (U. S. Department of Labor)
1
• 5 i!
! i-
•
i
as
I
s
3
I
I
S3
SS
3> !
n
I!
•d o
Year and month
=1
1*
Groups and subgroups
^ o , I E c o n o m i c classes ,)
i - C !l - -
Retail Prices
3 '
i!
!S
_
_
March.'
First-quarter average:
1929
1933
1934
1935
1936
1937
i
!
l
i
98.3 108. 5j
62.3 61.4
54.6 50.5
67.3 56.5:
81.9 91.6
92.1
70.9
65.8
78.5
77.3
108.2 93.8 102.31 92.4
96.
58.0
73.2 75.3 67.9 77.3 77.1 80.
70.3 71.2 62.9! 68.1 72. 21 77. 2 51. 3 !
71.4! 88.7 81.4 87.1 76. 5
•6.4
84.9 81! 5 73.0 85.4 80.7 85.7 69.4
82.4
64.7
58.9
69.3
69.2
99.2
80.0
71.8
78.8
82.0
Dec.
Mo.
average, 1930
1923-25 (Jan. 1,
1931) =
-100
100
101.4
146
70.7
69
79.2
59.8
55
69.7
84
72.8
89.6
79.6
108
86.3
75.6
73.9
70.6
73.0
88.9
102.4
102.0
102.1
102.9
109.0
80.1
80.2
78.0
79.9
81.4
83.1
83.3
82.6
83.9
85.5
89.7
91.0
85.1
85.1
84.9
86.4
87.3
84.4
85.2
87.2
78.9
78.9
78.8
78.8
79.5
79.7
79.6
80.1
81.0
82.2
85.3
85.7
85.8
85.8
16.7
i6.9
87.1
87.3
87.7
.9.5
68.3
68.6
69.2
69.7
71.0
71.5
71.3
71.5
73.4
74.5
83.2
83.41
83.8
85.1
85.2
85.6
85.9
85.7
85.8
86.1
104
105
103
107
115
124
124
121
120
126
79.
79.
79.
83.
84.
84.
84.
82.
82.
82.
88.1
88.1
88.1
87.9
88.1
88.5
89.3
90.0
90.8
91.7
91.3 113.0
91.4 111.5
94.1 113.2
87.1
87.0
87.5
90.6
90.3
92.0
83.4
84.1
85.5
91.3 87.7 76.6 101.7 86.51 90.9 77.5 76.2
93.3 87.8] 76.8
8 102,1.7 87.9! 91.7 77.5 77.3
95.9 87. 51 76.2104.2 88.4 96.0 78.3 79.5
86.9
87.2
87.9
131
127
128
84.6
84.5
85.4
93.0
93.7
94.5
98.4 105.5
54.7 50.1
66.1 52.9
81.5 87.0
82. 3 92.2
87.2 91.0
92.1
66.4
78.5
77.5
78.9
84.3
96.0
70.1
86.4
84.9
85.5
93.5
99.6
72.6
78.3
81.71
83. oj
87.31
146
57
81
109
107
129
102.1
60.8
71.9|
78.9
80.6
84.8
70.2
89. 2
86. 6
88.2
93. 7
96.1
66.0
60.2
73.7
79.4
94.8
71.5
65.7
77 2
SI. 7
99.0
56.1
49.4
65.9
76.6
96.1 107.2
60.8 50.2
56.9 42.8
74.3 61.3
71.8 78.3
79.6
79.7
78.6
79.2
80.5
81.6
81.6
81.5
82.4
84.2
81.3
81.6
80.5
80.7
81.6
82.4
82.3
82.0
82.6
83.8
77.4
77.0
75.8
77.6
79.8
81.5
81.8
82.1
83.1
85.6
74.4
74.5
74.1
73.9
75.2
75.6
75.9
76.2
78.6
82.3
76.5
76.9
75.2
78.1
81.3
83.8
84.0
84.0
85.1
88.5
85.9
86.3
87.8
84.9
85.4
86.4
88.1
88.3
90.1
85.4
85.5
89.6
95.8
60.3
73.2
79.2
80.3
86.7 I
94.6
6Cx 0
76. 7
81.3
82.0
85.6
98.6
49.3
65. 3
76.9
78.2
88.8
95.1 106.2 99.7
56.7 42.1 33.9
73.7 60.4 63.1
71.6 78.3 86.3
74.6 78.1 77.6
86.8 92.3 112.6
i Middle of m o n t h .
I
I
Mo.
average, av
1923=
100
Monthly average, 1926=100
_
go
•8
I i
©o
1929: March
1932: March
1933: March
1934: March
1935: March
1936:
March
April
May
June
July
August
September..
October
November
December
1937:
January
February
It
98.8
43.5
36.0
62. 3
82.8
2
79.3
78.5
77.7
78.0
79.4
79.8
81.7
82.2
82.5
85.3
95.5
71.4
75.2
80.4
80.0
87.7!
76. 2
76.4
76.0
76.1
76.2
76.3
76.1
76.8
76.8
76.5
83.1
64.2
72.3
2.8
5.8
76.5
94.9
94.6
94.0
93.8
93.4
93.6
94.6
95.6
97. 01
99.7
81.4
81.5
81.5
81.4
81.2
81.4
81.7
82.0
70. 8
70.2
69.8
69.7
70.5
70. 9j
70.9!
71.6
82. 31
73.5
83.2 89.6 76.3
86.6
86.3
86.2
86.9
87.1
86.8
110.2 93. 8 101.0
68.3 72. 5 77.6
89.3 81.1 86.5
85.9 80.9 85.8
96.0 81.4 86.7
102.91 87.6 92.9|
92.4
51. 5
76. 6
69.9
71.2
77.81
82.6
59.8
68.4
70.0
68.1
68.1
77.7
Index is as of the 1st of the following month.
6
SURVEY OF CURRENT BUSINESS
May 1937
Domestic Trade
ITH consumer income still expanding, as evi- liveries as may have been experienced as a result of
Wdenced
by the increase in pay rolls, rents, and strikes, were up one-third. Sales of chain grocery
security incomes, the volume of both wholesale and
retail trade has continued to exceed last year's totals
by substantial margins. The expansion in retail trade
so far during the spring buying period, however, has
not exceeded seasonal proportions, and in some lines,
consumer resistance to price advances has developed.
Keports now being issued by the large corporations
covering first-quarter operations reveal substantial
sales increases in comparison with the results a year ago.
Distributors generally have experienced a substantial
rise in both volume and profits so far in 1937. The mailorder companies, for example, have experienced large
increases in sales volumes this year, notwithstanding
that sales of these organizations in 1936 made a very
good showing.
With the March figures now available, it is estimated that the increase in aggregate sales for the first
quarter of 1937, in comparison with the opening
quarter of 1936, was approximately 15 percent, or
somewhat more than indicated by the early returns.
For department stores the gain was 13 percent and for
variety stores 8 percent, after allowance for the earlier
date of Easter this year. The increase in rural sales of
general merchandise, as indicated by the Bureau's
index, was 14 percent, while dollar sales of new passenger cars, notwithstanding such interruptions to de-
stores increased 4 percent.
Data for a large sample of independent retail stores
located in 14 States indicate a sales increase for this
type of store in the first quarter of 1937 as compared
with the corresponding period a year ago, approximating the average gain for the country. The largest
gains were reported by the North Central States. In
Ohio sales of independent stores increased 22 percent;
in Wisconsin, 19 percent; and in Illinois, 17 percent.
For March alone, the gain for the 14 States over the
corresponding month a year ago amounted to 16 percent, with gains in excess of 20 percent reported for the
combined sales of the States just mentioned in the
quarterly comparison, and also for Indiana. The
largest gain in March over a year ago was one of 35
percent reported for jewelry stores. This was followed
by increases ranging from 20 to 26 percent in department stores, apparel shops, and lumber and buildingmaterial dealers.
The favorable marketing conditions prevailing have
been reflected in a continued decline in the number of
commercial failures. Dun and Bradstreet report 2,352
failures during the first quarter, about 90 percent
of which were firms with liabilities of $25,000
or less. In the first quarter of 1936 the number
was 2,879.
DOMESTIC TRADE STATISTICS
Wholesale
trade
Retail trade
Chain-store sales
Department stores
Year and month
Combined
Sales
Stocks s
Unad- Adjust- justed i
ed >
Unad- Adjust- Justed *
ed
M o n t h l y average, 1923-25=100
1929:
1932"
1983"
1934:
1935*
1936:
March
March
March
March- . __ _.
March
._
March
April
May
Jun6
July_
August
September
October
November
December __
J937:
January
February
March...
_
__
First quarter average:
1929
1933
1934
1935
1936
1937
1
._
Variety stores
Ad(Chain Unadjust- j u s t Store Age) ed l
ed i
1 Avg. same
mo. 192931 = 100
Rural sales of
general merchandise
New passenger-car sales
Unad- Adjust- justed i
ed 2
Unad- Adjust- justed »
ed »
Commercial
failures
S
Employment
Pay
rolls
M o n t h l y average, 1929=100
M o n t h l y average, 1929-31 = 100
Failures
Liabilities
Num- Thou
ber ofsands
dolls.
107
69
50
73
71
113
73
58
76
79
102
73
55
67
65
99
70
54
65
63
84 4
76 2
91.4
95 6
99.0
79 3
64. 7
87.2
78 1
105.3
84 4
75 9
94.8
93 0
129. 0
61 0
44.2
74.0
90.6
138.8
65 6
47. 5
79 6
97 4
108. 8
58 4
32. 5
68.4
100 2
153.5
36.0
30.5
64.5
94 5
97.3
78.6
71.3
81.8
84.0
98. 5
68.8
53.5
62.0
65.2
1,912
1,069
940
44, 806
24, 002
15, 361
77
85
89
84
63
68
94
100
105
161
84
84
87
87
91
86
88
90
94
92
67
68
67
62
59
65
71
76
80
67
65
65
66
64
64
67
68
69
71
71
101 3
102 0
103.0
108.0
109.6
109.0
110.0
109.5
111 0
113.0
80 3
95.7
96.8
98 8
97.2
86.5
97.8
100.4
104 5
195 7
93 3
95.2
96.8
104 0
109.2
97.7
102 4
98.9
103 0
106 1
99 2
105. 5
106.5
106.2
88.3
96.2
122.3
155.1
150. 8
186 1
106 7
109 9
113.3
112.4
114.7
111.9
123 6
127.1
122 6
131.0
117 8
142 3
138.6
139.3
117.3
92.9
71.0
56.5
113.1
130.4
101.0
93.5
93.5
109. 5
104.5
92.0
83.0
85.5
151 0
175.0
85.6
85.7
84.6
84.6
85.4
86.3
88.0
89.0
89.7
91.0
69 0
67.9
68.2
68.4
69.0
69.7
70.5
71.5
73.1
72.8
946
830
832
773
839
655
586
611
688
692
16, 271
14,157
15,375
9,177
9,904
8,271
9,819
8,266
11,532
12, 288
72
76
90
93
95
93
66
74
76
76
106.4
110.0
109.0
70.3
94.4
97.4
103.3
88.6
93.8
117.4
106.7
103. 7
126.2
90.1
129.5
139.5
145.4
90.8
92.2
91.9
72.7
74.0
75.0
811
721
820
8,661
9,771
10,922
97.3
72.4
81.2
84.3
85.4
91.6
97.2
55.6
61.1
64.6
67.4
73.9
2,389
1,134
1,014
960
784
61.855
23, 270
15, 060
16,155
9. 785
96
49
63
64
69
79
78
1
95
54
63
01
62
72
Adjusted for number of working days.
I
1
i
78.4
90.4
94.4
99 1
108. 5
1
81.3
97.1
86. 6
63. 9
76 8
73.7
73 8
82.9
108 9
47. 4
71 0
81.7
87 8
99.9
Adjusted for seasonal variations.
85.5
122.5
123 7
29. 5
45 6
74 8
84 2
107.0
!
!
3
End of month.
SURVEY OF CURRENT BUSINESS
May 1937
Employment
business conditions have lifted employIMPROVED
ment and pay rolls this spring to the highest level of
the recovery period. According to an estimate made
by the Bureau of Labor Statistics, the number of persons employed, exclusive of those in agriculture and on
work relief, was 34,100,000 in March. This number,
the largest so employed since the middle of 1930 except
in December 1936, when the total was slightly larger,
represents an estimated gain of more than 8,000,000
since the low point of the depression in March 1933.
About 60 percent of the total gain has occurred in the
manufacturing and nonmanufacturing industries surveyed each month by the Bureau of Labor Statistics.
These industries, which employ slightly less than onehalf of all nonagricultural workers, have reported steady
gains in employment for more than a year, except for a
seasonal recession last January. Factory employment
in March increased more than seasonally, the adjusted
index recording a gain of about 1 point to 100.8 (192325 = 100).
Factory pay rolls have continued to expand
at a more rapid rate than employment, so that by
March, weekly pay rolls were back up to the level
of employment relative to the 1923-25 base period.
Thus, per capita factory weekly earnings were equivalent to those paid in 1923-25 and, moreover, they were
only 3.8 percent below the 1929 average. Wage-rate
increases have been numerous. The Bureau of Labor
Statistics reported that 300,000 individuals in manufacturing industries received wage increases between
mid-February and mid-March, according to incomplete
data received from reporting concerns.
Of the 89 manufacturing industries regularly surveyed, 78 reported increases in the number at work in
March as compared with February, while 80 reported
larger pay rolls. Employment in the agriculturalimplement industry recorded a contraseasonal rise, and
more than seasonal gains were reported in numerous
other durable-goods industries. Declines reported were
largely seasonal; all were less than 5 percent, except in
the cottonseed oil, cake, and meal industry.
Fourteen of the sixteen nonmanufacturing industries
reported employment gains in March as compared with
February, the largest absolute increase being in retailtrade establishments, where a number of temporary
workers were engaged to handle the seasonal increase
in business. In these industries, as in factories, wagerate increases have been numerous, nearly 43,000 wage
earners being granted increases in the period from midFebruary to mid-March, according to incomplete
returns.
The amount of time lost by workers as a result of
industrial disputes continued large in March. The
Chrysler strike, which was the most important from
the standpoint of the amount of time lost, was settled
on April 6. In the bituminous-coal industry, operations came to a standstill on April 1, 2, and 3, while
negotiations were in progress for a new wage agreement
which, however, was promptly signed.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay rolls
Nonmanufacturing employment and pay rolls
(U. S. Department of Labor)
TradeElectric light Telephone
union
Anthracite
and power
Bituminous
Pay
and teleEmployment
Retail trade memmining
and
manucoal
mining
graph
rolls
bers emfactured gas
Year and month
ployed
EmEmEmEmEmUnad- AdUnad- ployPay ploy- Pay ploy- Pay ploy- Pay ploy- Pay
justed justed' justed ment
rolls
rolls
ment
ment
ment
ment
rolls
rolls
rolls
Percent
Monthly average,
Monthly
average,
1929=100
of total
1923-25=100
members
1929:
1932:
1933:
1934:
1935:
1936:
1937:
March
March
March
March
March
104.1
69.3
61.5
84.4
86.2
104.2
69.1
61.4
84.0
85.7
111.6
53.1
37.9
65.6
71.7
98.0
73.7
54.6
67.5
51. 4
90.8 I 106. 8 108.6
61.2
75 2 46.8
48.8
67'. 6 30.7
82.4
77.8
58.9
38.9
81.6
67.5
92.8
85.5
76.9
81.7
82.3
94.5
85.4
71.9
75.6
79.4
96. 5
81.7
73.2
70.0
69. 8
98.7
88 2
71.'6
70.4
75.3
March
April
May
June
July
August
September
October
November
December
87.9
89.1
89.8
90.1
91.2
93.5
95.5
96.7
96.9
98.1
87.7
88.6
89.8
90.4
92.8
93.4
93.8
94.4
96.2
98.6
77.6
79.3
80.8
81.1
80.2
83.5
83.6
89.0
90.7
95.1
52.5
49.8
54.9
51.2
48.4
41.1
47.6
49.9
51.5
54.8
42.6
28.6
56.3
42.0
37.2
31.4
34.9
48.5
40.3
55.4
80.4
77.5
76.2
75.7
75.5
76.9
78.2
81.1
82.3
83.9
70.2
62.6
62.2
61.5
62.6
65.4
71.0
79.2
80.7
84.9
86.8
88.0
89.0
90.4
91.7
93.1
93.5
94.0
93.5
93.2
85.9
86.2
87.0
88.1
89.8
89.8
91.4
92.7
91.8
94.1
70.2
70.8
71.6
72.1
73.1
73.5
73.7
73.8
73.7
73.6
77.2
76.0
78.5
77.4
79.9
81.2
78.8
83.1
81.6
82.4
96.5
99.0
101.0
98.8
99.7
100.8
90.6
95.8
101.2
54.1
52.7
48.9
42.7
41.0
37.8
84.4
84.8
85.9
80.0
82.4
88.4
92.1
91.9
92.1
92.1
92.5
95.6
74.4
74.8
75.3
107.8
39.7
60.5
68.9
75.0
95.9
103. 2
55.3
64.9
59.6
57.6
51.9
104.5
49.6
73.8
53.6
57.9
40.5
107.0
68.9
76.6
80.9
80.1
85.0
110.4
34.7
54.9
64.4
73.1
83.6
92.8
77.3
81.7
82.4
86.3
92.0
92.7
72.2
74.6
78.6
85.1
93.4
95.4
73.9
70.0
70.1
70.1
74.8
January
February
Mareh'
First-quarter average:
1929
1933
1934
1935
1936
1937
102. 5
62.6
84.5
87.2
98.8
i Adjusted for seasonal variations.
Wages
Factory
(National Industrial Conference
Board)
Average Average
weekly hourly
earnings earnings
Dollars
Common
labor
rates
(road
building)
Cents
per
hour
97.3
68.5
49.0
59.8
60.4
28. 79
18.59
14.53
20.54
21.79
.586
.522
.459
.581
.597
37
34
32
42
39
81.9
85.2
85.0
85.5
83.2
82.4
86.6
88.7
90.1
100.0
63.5
65.3
65.8
66.4
65.1
64.4
66.6
68.3
70.1
75.6
23.67
24.33
24.41
24.45
24.20
24.76
25.18
25.51
25. 98
26. 63
.611
.613
.616
.617
.617
.616
.619
.619
.624
.636
37
38
42
42
42
41
42
42
41
39
84.0
82.2
87.1
86.3
84.9
88.2
68.0
67.7
70.6
26.11
26. 68
27.49
.638
.642
.659
39
95.4
71.7
69.1
74.0
76.1
84.4
96.7
70.5
80.3
79.6
80.7
86.5
96.1
51.8
59.2
59.8
62.4
68.8
28.80
15. 66
19. 72
21.84
23.40
26.76
.586
. 462
. 558
. 595
. 609
.646
97.4
78.6
68. 9
81.5
80.2
87
8
SURVEY OF CURRENT BUSINESS
May 1937
Finance
OLLOWING a period of declining prices of GovFernment
bonds during March and the early days
to $29,000,000, the result of net purchases of approximately $65,000,000 by four banks and net sales of about
of April, the Board of Governors of the Federal Reserve $36,000,000 by the remaining eight Reserve institutions.
System announced through its Open Market Committee During the following week net purchases amounted to
that the Federal Reserve banks were prepared to pur- $28,000,000, which represented the aggregate of net
chase United States Government securities in the open purchases varying in individual amounts from slightly
market. This step was designed to prevent erratic less than $1,000,000 to roughly $11,000,000 by each of
fluctuations in Government bonds resulting in part the 12 Reserve banks.
from the readjustments made necessary by the increase
Coincidental with the resumption, for the first time
in reserve requirements effective May 1. Government since November 1933, of substantial net purchases of
securities subsequently firmed; and after the middle of Government securities by the Federal Reserve banks,
April, corporate-bond prices, which had declined over the reporting member banks showed during the first 2
a period of about 2 months, experienced some recovery. weeks of April a net increase of $61,000,000 in their
After marked weakness during the second half of holdings of such issues, as compared with a net decline
March, the movement of stock prices became erratic, of $432,000,000 during the 2-week period immediately
with sharp declines predominating. Market influences preceding. The net decline since the end of January
have been of a mixed character, with external factors has been three-quarters of a billion dollars. The
of some importance, as evidenced by the fact that price reduction in holdings of Governments, together with
movements on the leading European exchanges have recessions of $59,000,000 in security loans and
also been highly uncertain. In the latter half of the $61,000,000 of investments in other than Government
month the decline persisted despite the settlement of securities, accounted largely for the decline of
several important industrial disputes and the favorable $405,000,000 in their reported loans and investments
earnings reports covering first-quarter operations. during the period from March 17 to April 14. The
Standard Statistics has estimated that the earnings of so-called loans to business or "other loans" continued
the 161 corporations included in its quarterly index of to expand at a gradually increasing weekly rate, the
profits were nearly one-third higher during this period total increase for the 4-week period being $145,000,000.
than in the opening quarter of 1936.
The revised Federal budget transmitted to Congress
Unsettlement in the bond market affected the volume on April 20 revealed the need for additional funds
of new corporate security offerings during March, before the end of the fiscal year because of the largercausing the withholding of some contemplated issues than-estimated excess of expenditures over receipts.
until it could be determined whether the rise in bond Funds required in connection with the additions of
yields would necessitate readjustment of offering terms. gold to the inactive account—that is, for purchases of
Net purchases of Government securities by the all newly mined and imported gold by the Treasury—
Reserve banks during the week ended April 7 amounted have passed the half-billion-dollar mark.
FINANCIAL STATISTICS
Tear and month
Bank
debits
outside
New
York
City
Reporting member
banks, Wednesday
closest to end of
month
Loans "Othon
er"
securi- loans
ties
Investments
Federal
Reserve
bank
credit
outstanding,
end of
month
Net
gold
Excess
imreserves ports
of
Money
inin
mem- cluding
ber
circugold
lation
banks, released
end of
month from
earmark '
Bond
Stock prices,
prices
New
New
(419)
York
Stand- Stock capital
issues
ard
ExNew Postal Statis- change
York Savtics
(doState ings
mestic)
Savings
deposits
Millions of dollars
1929:
1932:
1933:
1934:
1935:
1936:
1937:
March
March
March
March
March
28,099
13,729
14,077
15, 754
5,328
3, 779
3,704
3, 219
3, 300
5, 978
7,143
7
,897
9, 868
11,709
March
April
May
__
June..
July
August
September
October
November
December
17, 867
17, 497
16,998
18,882
18,617
17,106
17, 586
20,142
18,475
23, 238
3,313
3,304
3,486
3,319
3,173
3,177
3,242
3,179
3,205
3,326
3,495
3,485
3,586
3,619
3,600
3,749
3,949
4,033
4,068
4,290
13, 229
13, 452
13, 522
14,159
14,084
13,809
13,929
13, 796
13, 647
13, 742
1, 530
1, 597
2, 593
2, 545
2,471
2,473
2,475
2,474
2,473
2,462
2, 470
2,473
2,476
2, 453
2,500
January,
February
20, 383
17,620
21,605
3,238
3,280
3,356
4,100
4,191
4.36?
13, 638
13,597
12,907
2,497
2,465
2. 458
March
1
Net exports of gold and deficiencies in reserves indicated by (—).
1926=100
Dollars ofThous.
dollars
95.81
996, 847
80.57
162, 442
16,517
78. 58
99, 314
91.09
105, 023
91.79
Average
dividend
rate
share
(600
companies)
Dollars
87
249
1,444
1,846
32.3
33.6
-113.3
236. 5
12.3
4,422
5, 244
6,711
5, 368
5, 477
4, 466
5, 293
5, 220
5,122
5,185
155
706
1,114
1,200
1, 203
189.1
57. 8
43.3
77 2
64! 6
2,305
2,664
2,866
2,717
3,029
1,950
1, 840
2,175
2,236
1,984
6.4
27.9
166.7
253.0
17.7
55.5
143.0
207.6
78.8
56.3
5, 857
5,892
5,918
6,062
6,203
6,191
6,258
6,321
6,401
6, 563
5,204
5,175
5,165
5, 210
5,197
5,197
5,223
5,210
5,201
5,246
1,216
1,215
1,214
1,232
1,244
1, 249
1,251
1,255
1,257
1,260
108.7
108.9
101.0
105.6
109.2
113.0
114.1
118.7
124.2
122.8
97.26
96.69
97.38
97.63
98.19
98.81
99.27
99.41
100.55
100.76
127,543
176,677
112,587
219,686
103,164
218,074
179,487
189,512
158,071
265,850
1.46
1.47
1.50
1.51
1.58
1.64
1.67
1.70
1.98
2.03
2,152
2,078
1,398
!
73.0 j
112.3
153.9 |
6, 400
6,369
6, 391
5, 244
1,266
5,248
1,270
5, 278 i 1,271
126.0
129.5
129.9
100. 05
99.83
96.86
248, 526
168,188
184,594
2.04
2.04
2.04
1.67
1.11
1.16
1.29
Interest
rates,
commercial
paper
(4-6
months)
Percent
SURVEY OF CURRENT BUSINESS
Mav 1937
Foreign Trade
OTH exports and imports increased about 10 per- quarter since the final period of 1930. SemimanufacB
cent in value from February to March, a rise of tured exports, amounting to $125,000,000, were the
approximately seasonal proportions. This increase fol- highest since the second quarter of 1930. In comparilowed the unusual advance in February, but whereas
the increase in exports in that month was mainly
through West coast ports where traffic had been tied
up by the maritime dispute, a majority of the customs
districts reported an increase in exports for March.
The West coast districts showed only a slightly larger
percentage gain in March exports than did all other
districts combined.
General imports during the first quarter of 1937
amounted to $824,869,000, compared with $578,957,000
in the first quarter of 1936. Exports, including reexports, during the same period totaled $710,910,000, or
$135,210,000 more than in the corresponding period of
1936.
The value of our foreign trade through March, and
paiticularly that of the import trade, continued to reflect the rising trend of commodity prices. While the
value of exports of United States merchandise and of
imports for consumption was 23 and 38 percent larger,
respectively, in the first quarter of 1937 than in the
initial quarter of 1936, the volume of exports was 16
percent and the volume of imports 23 percent larger on
the same comparative basis.
Exports of finished manufactures and semimanufactures continued to increase during March. The value
of finished manufactured exports was $354,000,000 in
the first quarter of 1937, the highest value for any
son with the first quarter of 1936, the increase in the
value of these classes of exports was 28 and 40 percent,
respectively. Among the leading products which have
found an expanding market abroad this year are iron
and steel manufactures; machinery, including electrical
apparatus; agricultural implements; and automobiles,
including parts and accessories.
Exports of crude material so far in 1937 were 8 percent higher in value than in the first quarter of 1936,
mainly because of the increase in exports of unmanufactured cotton. Exports of unmanufactured tobacco
declined nearly one-third in value. Exports of foodstuffs were also larger than a year ago, mainly by reason
of increased shipments of wheat flour and the carryover shipments of dried and canned fruit that ordinarily would have moved to foreign markets in the
preceding quarter.
All classes of imports showed large percentage gains
for the first quarter over the same period of 1936,
although nearly half of the increase in the value of total
imports was accounted for by a $54,000,000 advance in
imports of vegetable food products (over $23,000,000 in
grain and feeds) and a $50,000,000 increase in the value
of textile fibers and manufactures. The value of
crude-rubber imports was $21,000,000 larger and that
of metals and manufactures $17,000,000 larger in
January-March 1937.
EXPORTS AND IMPORTS
Year and month
1929: March
1932: March
1933: March
1934: March
1935: March
1936:
March
April
May
June
July...
August
September
October
November
December
1937:
January.
__.
February
March
Cumulative first quarter:
1929
1933
1934
1935
1930
1937
Ex! Value Value ports,
of
of
intotal total
cludI eximing
: ports, ports, reexadadports
justed i justed i
j Monthly averlage, 1923-25=100
128
107
40
37
28
26
50
44
48
49
489.9
154.9
108.0
190.9
185.0
481.7
151.4
106. 3
187.4
181.7
86.4
50.4
29.4
55. 3
40.4
59.8
36.5
18.1
34.7
21.8
64.6
21.7
13.4
20.1
16.2
Millions of dollars
66.9
263. 7 1 59.0
17.9
61. 3
13.5
16.5
9.4
47.0
31.4 |
80.7
18.3
30.8 I
94.2
23.7
Imports 2
Total
Finished
Crude Food- Semimanma- stuffs manufac- ufacterials
tures tures
20.6
25.0
383. 8
131. 2
94.9
154.0
175.5
138.6
36.0
23.6
45.2
50.3
93.3
42.4
33.6
48.7
59.4
70.9
20.0
14.7
29.6
35.2
81.0
32.8
22.9
29.9
30.5
76.0
9.3
6.9
51
53
56
55
54
51
55
57
52
57
56
58
58
62
65
62
70
64
61
76
194.8
192.6
200.7
184.9
179.8
178.3
220.1
264.7
225.8
229.7
192.1
189.4
196.9
180.6
176.4
175.6
217.5
262.0
223.3
226.6
44.5
40.4
42.6
39.3
30.4
38.1
72.8
100.4
82.2
67.4
26.3
22.8
22.9
19.7
10.8
12 A
38.2
58.4
47.0
40.2
16.8
14.2
15.9
14.5
15.0
19.7
23.3
24.9
13.7
13.1
32.1
33.8
35.1 !
34.1 |
33.3 i
32.3
31.9 i
36.7
32.8
34.9
98.7
101.0
103.2
92.7
97.7
85.5
89.5
100.0
94.6
111.2
27.9
30.7
29.6
26.0
29.3
25.2
27.3
31.8
26.4
30.8
24.0
23.0
22.5
19.1
16.9
12.4
12.5
15.8
21.2
28.8
194.3
199.8
188.4
193.6
196.5
200.1
218.4
213.2
200.4
239.8
57.7
62.1
55.1
54.6
56.0
61.7
69.4
62.8
61.2
75.4
63.6
65.7
55.8
59.0
59.3
56.3
64.2
61.3
58.3
73.3
36.1
37.6
38.5
43.1
42.7
40.8
40.8
40.5
40.6
49.0
36.8
34.4
39.1
37.0
38.6
41.4
43.9
48.6
40.2
42.2
74
87
85
221.6
67
256.4
217.9
229.1
252.3
60.6
54.4
52.3
37.5
34.1
34.3
13.1
22.5
17.5
34.2
37.9
53.0
110.1
114.2
129.6
31.5
31.5
37.0
27.6
26.0
28.8
228.7
77.0
260. 3
90.9
295.9 ! 91.6
68.4
76.3
97.4
46.5
52.2
57.9
36.7
40.9
49.0
1, 419. 6 1, 396. 6
330.1
324.3
525.9
516. 6
524.3
515.5
574.6
566. 4
710.4
699.3
299.4
103. 5
169. 8
141.3
154.3
167.1
208.8
68.4
113.8
81.0
88.6
105.8
205.6
42.4
62.3
48.7
47.5
53.1
195. 6
45.6
80.9
83.5
89.0
125.1
696.1
132. 8
203. 6
242.1
275.5
354.0
154.4
27.1
47.3
60.7
78.0
100.0
181.8
19.8
44.6
62.8
68.2
82.4
256.7
94.3
126.3
176.9
179.1
242.1
212.3
44.5
78.3
94.0
115.9
156. 6
234.4
63.9
84.7
86.9
100.4
126.7
3 125
3
29
3
46
3 116
3 28
3 44
3 51
3
60
3
85
» Adjusted for seasonal variations.
139641—37——2
Total
Exports of United States merchandise
Finished
Crude
manufactures
materials
AutomoFood- Semibiles,
MaRaw stuffs, manufacparts
total
cotchinTotal
Total
tures
ton
and
ery
accessories
232. 5
1,122. 2
274.6
407.4
496.2
570.2
784.9
» General imports through December 1933; imports for consumption thereafter.
418.7
71.9
118.2
138.4
174.8
259.6
s Monthly average.
10
SURVEY OF CURRENT BUSINESS
Mav 1937
Real Estate and Construction
developments in the construction field
RECENT
have included a sharp advance in building costs,
of the total, the proportion being about the same last
year.
a further rise in rents, a continuation of the decline in
Public-utility contracts were more than 50 percent
foreclosures, a slackening in the volume of public con- larger this year than in the first quarter of 1936; they
struction placed under contract, and a further marked were about three-fourths of the comparable 1929 total,
increase in the amount of private work initiated. The whereas contracts for other types combined were not
March recession in the seasonally corrected index of much more than half of the 1929 figure. Both the railcontracts awarded compiled by the Federal Reserve roads and the electric light and power industry have
Board was occasioned by the decline in public con- made much larger construction commitments this year.
struction. Private projects increased seasonally from Contracts for the first-named group increased from
February to March, the comparative totals reported by $13,869,000 in the first quarter of 1936 to $24,072,000
the F. W. Dodge Corporation for 37 States being in the first quarter of this year; the increase in electric
$118,583,900 and $164,890,000 respectively.
light and power plants was from $7,675,000 a year ago
For the first quarter of 1937 the value of privately to $29,337,000 this year.
owned contracts in these 37 States amounted to
Shipments of building materials from the manu$413,958,000, an increase of 80 percent over the com- facturers so far this year have increased sharply, as is
parable total for the first quarter of 1936. Publicly indicated by the following percentage increases for the
owned projects for the quarter were valued at $248,- first quarter in comparison with the opening quarter
371,000, or nearly one-fourth less than in the opening of 1936: Cement, 24; oak flooring, 52; lumber, 20;
quarter of last year. Thus, the increase in total structural steel, 19; fabricated steel plate, 44; and
awards for the quarter was reduced to about 19 percent. track work, 90. Common-brick shipments have more
The largest increase among the various types of con- than doubled.
struction so far this year has been in the residential
The number of real-estate foreclosures in large urban
field. Contracts for such construction amounted to centers has continued to decline during 1937, although
$231,578,000 in the opening quarter, or nearly double the number is still abnormally high. Since the first
the comparable 1936 total. Large increases were half of 1935 the number of foreclosures has steadily
reported for apartments, dwellings for sale or rent, and receded, the Federal Home Loan Bank Board index
dwellings for occupation by the owner. The value of dropping over this period of nearly 2 years from about
large housing developments made up less than one-fifth 400 to 200 (1926 — 100).
Building Materials, Construction, and Real Estate
Building-material shipments
Construction contracts awarded
Year and month
Federal
Reserve
index
adjusted i
All types of
construction
Monthly
average,
1923-25=
100
Number of
projects
Millions of
dollars
Millions of
dollars
~~4l77~
8.5
4.8
7.0
8.8
21.0
7.8
2.5
21.0
6.5
57.6
22.0
15. 1
71.9
39.8
18.1
23.8
12.8
9.3 j
27.5 11
T5794T
March.
April
May
June
July
August
September
October
November
December
47
47
46
52
59
62
59
57
58
66
10, 514
13, 338
13, 242
13,352
13,890
12,912
12, 056
12, 966
11, 269
9,605
199
235
216
233
295
275
234
226
208
200
15.6
19.7
20.5
20.6
20.5
24.4
21.2
21.6
20.0
19.0
55.3
67.2
70.3
73.6
72.0
100. 5
80.7
79.7
68.4
65.5
January
February
March
First-quarter average:
1929
1933
1934
1935___.
63
62
55
8,731
9,746
13,355
243
188
231
18.4
18.7
24.2
78.4
63.0
90.2
107
16
37
24
47
54
11,961
4,662
7,053
7,174
8, 227
10,611
417
65
154
99
185
221
32.8
3.7
4.8
6.3
11.7
20.5
154.8 !
13.3 i
19.2
23.7
41.3
77.2
1937:
March
__
March . . . __
March
March
March
1937..
1
6,646
6,303
7,924
8,928
178
123
Public Public
utiliworks
ties
MilMillions of lions
of
square
dollars
feet
121
26
14
33
26
1929:
1932:
1933:
1934:
1935:
1936:
485
112
60
Residential
building
33.2
16.0
28.1
32.2
Common
brick
Lumber
Oak
flooring
Cement
I
Construction
costs,
Eng.
NewsRec
"
|iMontb7I Thous. Thou- j ly avThou- i! Mills.
of ft. i of ft. sands of | erage,
sands j b. m.
b. in. barrels
1913 =
48,168 j
60,987
44,382 ! 10,113
13,360
3,973
7,573
3,510
13,711 4,618
14, 606
4, 878
17.9 I
15.7 I
14.2
18.0 !
19.1 {
44.2
49.7
50.8
71.1
99.1
76.4
68.8
52.9
55.8
42.1
1, 440
1,488
109,641
1, 853 28,479
154,473
2,093 29,483
171,418
1,962 28, 579
172. 892 1,972 I 31,617
170,135
2,056 30,123
2,005 30,408
172, 748
173, 723
33,432
189,104
2! 327 33, 935
163, 246
1, 751 29, 988
141,080 j 1,899 35,878
7,186 I
9, 182 |
11,240
12,521 |
11,823
12, 624
12, 619
13, 089
8,942
6,246
21.8
32.4
20.
46.7
108,1691 iI 1.722 j 38,847
27.3 | 113,593 j 2,047 1 34,391
32.2 |l
!
| 36,437
4,680 i
5,163 i
7,879 I
_100_
207" 8
157. 2
158. 4
194.1
194.3
Loans outstanding
Federal
Savings Home- Home
and
Loan Owners'
Loan
Loan
Bank
AssociaCorp.3
tions 3
Realestate
fore| clo| sures
I (nonfarm)
Thousands of dollars
Month, ly av1
erage,
1934=
100
;, 698
435, 778
I 90,025
112,609 I 72,637 2,539,408 ,
99.8
109.8
366,405
390,810
404, 722
442, 027
465, 682
497, 852
507, 574
532, 064
531, 078
544,107
103, 354
105, 969
110, 922
118, 580
122,094
125,211
129, 752
134, 929
137, 250
145, 394
3,040,137
3,060,029
3, 083, 312
3,092,871 '
2,920,739 '•
2,897,367 !
2,869,660 :
2,883,503 I
2,801,827 !
2,765,098
83.2
83.9
82.6
81.7
82.7
78.3
85. 7
77.8
75.1
84.4
223.5
576,299
223.5
611,212
225.3 II 026,907
143, 738
141,198
142,716
2,711,451
2. 680, 230
2,642,611
69.9
65.1
73.6
201.2
202.2
203.4
204.6
204.4
208.1
208.1
211.5
212.7
220.7
||
Based on 3-month moving average of values and adjusted for seasonal variations.
2 Index is as of 1st of month; index for Apr. 1, 1937, is 230.3.
96.0
105.2
79.9
69.5
3
See footnote marked "*" on p . 25.
11
SURVEY OF CURRENT BUSINESS
May 1937
Automobiles and Rubber
All reports indicate a favorable market for both
A UTOMOBILE production again turned upward in
the middle of April with the settlement of the in- passenger cars and trucks. While factory sales for
dustrial disputes which had temporarily halted the the first quarter fell short of the 1929 record for the
assembly operations of Chrysler, Hudson, and Reo same period, retail sales totaled 1,030,000 units, as
plants. By the end of the month, production of cars compared with 938,000 in the same 3 months of the
and trucks was at the highest level since 1929 with earlier year. Sales of General Motors to consumers
139,000 vehicles produced in the week ended May 1, during March were nearly four times as large as in
according to Cram's reports. Total output for April February, with the first-quarter total of 340,700 comin the United States was considerably in excess of paring with 351,079 in the corresponding period of
500,000 units, a figure which has been exceeded pre- 1929. Total sales to United States dealers by this
viously in only 6 months, 5 of these in 1929 and the producer in March exceeded deliveries to consumers
other being April of last year, when domestic produc- for the first time since December, but the difference
was not sufficient to replenish depleted dealer stocks.
tion, or factory sales, reached 503,000 units.
Tire manufacturers and producers of other rubber
Operations in Chrysler plants were quickly resumed
following the settlement of the dispute. All Chrysler goods continued to operate at a high level during March.
assembly lines were closed during the week ended Crude-rubber consumption has been at a very high
April 10, but Cram's reported production of 22,000 rate for the last several months; for the first quarter it
cars and trucks in the following 7-day period and of was 19 percent higher than a year ago. With the
settlement of the Chrysler strike, the Goodyear tire
28,500 in the week ended April 24.
The present period of improving operations in auto- plants resumed full-time operations, after having been
motive centers followed the termination of the serious on a 4-day basis for several weeks. The Firestone
industrial disputes which had an indeterminable effect dispute was also settled in the latter part of the
on aggregate production during the first quarter. Not- month.
Crude-rubber prices have been sharply reduced since
withstanding the erratic fluctuations in weekly production figures, output for the quarter approximated the 1st of April. During March, crude advanced about
1% million units, the largest first-quarter production 5 cents per pound to 27% cents, the highest price reached
on record except for 1929, when 1,453,000 units were since before the depression. The subsequent drop
canceled most of this rise.
produced.
JLJL
AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports
Automobile production
United States
Year and
month
F. R.
index,
Total
adjusted 2
Monthly av.,
192325 = 100
1929:
1932:
1933:
1934:
1935:
1936:
March
March
March
March
March
143
March
April
May
June
July
August
September
October
November
December
1937:
January
February
March
First-quarter, average:
1929
1933
1934
1935
1936 . . .
1937
1
Passenger
cars
Canada
Trucks
Total
Thousands
Registrations
New passengercar sales
Pneumatic
tires i
Crude rubber
Domestic
World
DoNew
Pro- mestic
New
conImstocks,
comAdUnadPassenduc- ship- sump- ports
end
of
mercial
justed
''
justed
»
ger cars Trucks passention ments
ger cars
tion,
month
totali
Monthly average,
1929-31 = 100
Number
Long tons
Thousands
106
107
119
115
338
426
514
99
97
279
359
71, 799
19, 560
17,803
59,160
66, 503
40, 621
8,318
6, 632
14, 180
21,981
51, 504
5, 548
5, 528
16,142
20, 984
24,883
3,183
2,528
] 0, 050
8,821
378, 069
92,192
78, 749
173, 287
261,477
46, 238
16, 874
9 934
33, 884
41,511
168. 8
38.4
32.5
68.4
100.2
153.5
36.0
30.5
64.5
94.5
7,156
3,690
2,041
5,180
4,293
6,096
2,865
2,023
4,089
4,160
-!4,501
29, 506
17,997
47, 069
42, 338
50,610
45, 588
28, 475
42, 253
46, 560
298,383
614,894
638,428
666, 382
678,809
107
122
117
118
124
111
107
93
105
122
421
503
461
453
441
271
135
225
395
499
344
417
386
376
372
210
91
191
341
426
77,448
85, 642
75,058
77,061
68,597
61,537
44, 533
33,940
53,434
72, 702
18,021
24,951
20,006
16,400
10,475
4,660
4,655
5,361
10,812
20,411
18,921
17, 723
17, 727
14, 987
12, 714
8,323
4,564
9,894
20,032
24, 788
9,999
8,330
10,848
9,055
9,811
7,405
6,375
6,826
7,396
10, 501
301,239
397,190
392, 750
369,423
357, 490
262, 912
208,896
171,319
223, 560
327,303
52, 430
64,957
62,183
56, 851
63,695
59,222
54,611
41,207
30, 222
42, 205
117.8
142.3
138.6
139.3
117.3
92.9
71.0
56.5
113.1
130.4
101.0
93.5
93.5
109.5
104.5
92.0
83.0
85.5
151.0
175.0
3,638
4,854
4,971
5,610
5,465
5,014
4,981
5,125
4,969
5,311
3,784
4,836
5,752
5,711
5,678
4, 911
3,768
4,012
4,162
4,926
42,703
51, 897
50, 482
52, 636
48,127
46,657
46, 330
49, 509
50,303
49, 626
34,874
45,830
37,050
38, 273
39,843
41, 788
50, 033
40, 965
38,414
51,382
583,318
567,172
541,871
520, 255
519.074
500, 520
493, 585
486,159
466,491
466, 576
120
120
119
310
297
404
70, 249
67, 250
90, 241
19, 583
19, 707
24,701
20, 099
17,014
22, 633
12, 592 280,615
10,514 214,973
11,129 | 366,867
47, 609
41,815
58,000
90.1
85.5
U5A
129.5
139. 5
1*42. 5
4,980
4,421
364
48, 744 43, 339
50,282 44,715
52, 938 40,898
454,249
435, 265
448,879
150
36
73
108
108
126
484
117
241
349
358
413
422
99
193
287
289
337
61,825
17, 371
48, 518
62, 444
68 656
75, 913
31,136
4,429
9,885
16,901
14, 864
21,330
36, 452
6, 036
9, 566
15,689
16,944
19, 915
19,240
2,915
7,885
277, 698
76, 022
109, 806
189, 576
231,230
287, 485
36, 268
10, 450
27, 088
37,022
45, 497
49,141
123. 7
29.5
45.6
74.8
84.2
107.0
42, 888
20,806
42, 305
44,011
42. 652
50, 655
299,300
633,151
663, 879
687, 380
600, 305
446,131
Data are raised to industry totals; see note in the 1936 Supplement.
9,' 900
11,412
2 Adjusted for seasonal variations.
1
3
57, 492
27, 369
42,187
44,976
34, 378
42, 984
Adjusted for number of working days.
12
SURVEY OF CURRENT BUSINESS
May 1937
Iron and Steel
expansion in production and shipments
FURTHER
of finished steel products occurred during April, al-
Unfilled orders increased during the quarter, as new
business was considerably larger than shipments.
though the volume of new orders declined from the
With automobile production again expanding rapidly,
exceptionally high total of March.
steel is moving to the vehicle manufacturers in larger
Increased consumption of steel has been reflected in quantities than in February or March. So far during
the steady increase in the weekly rate of ingot pro- 1937, automobile manufacturers have required approxiduction. Ingot output during March amounted to mately 10 percent more steel than in the corresponding
193,700 tons on a daily-average basis, only slightly period of 1936.
lower than the 1929 peak of 196,000 tons reached in
Indicative of the high rate of finished-steel shipments
June of that year. The April rate will exceed that of in recent weeks was the report of the United States
the preceding month.
Steel Corporation that March shipments were less than
Steel requirements of the machinery, agricultural- 4 percent below the March 1929 total. Shipments for
implements, railroad, building, office-equipment, and the month were 80 percent larger than in 1936, while
household-equipment industries have all increased for the first quarter the increase was 70 percent. April
markedly so far this year. Machine-tool orders, for shipments are expected to exceed the March results by
example, again increased sharply in March, business for a substantial margin, not only for this corporation but
the month being the best of the recovery period with for the entire industry.
the exception of last December. Orders for machine
The rate of ingot production of the United States
tools during recent months have been about twice as Steel Corporation is still below that of the independent
large as the monthly average shipments in 1926. Like- group, according to the Dow-Jones estimates, which
wise, orders for electrical equipment have been far in placed the comparative rates at 87 % and 95 percent of
excess of those of the corresponding months of 1936, capacity in the middle of April. This spread has narand, so far as the two largest manufacturers of general rowed very materially during the past 3 years, as the
equipment are concerned, first-quarter business was the broad recovery in the demand for heavier steels was of
largest on record for this period. Orders booked by particular benefit to the leading steel corporation with
these corporations amounted to $179,990,000, an in- its heavy investment in production facilities for this
crease of 76 percent over the first-quarter total of 1936. type of equipment.
IRON AND STEEL STATISTICS
General operations
Year and month
Furnaces
in
blast
Thousands of long
tons
Number
3,714
967
542
1, 620
1.770
212
60
38
96
98
2,040
I 2,404
2,648
j | 2,586
! 2, 594
! 2,712
; 2,730
2,992
2,947
3,115
126
144
146
145
146
148
155
161
164
170
3,343
3,942
4,046
3,985
3,923
4,195
4,161
4,545
4,337
4,432
170
176
4,737
4,425
5, 229
(5)
(5)
(')
| 4, 632
!
996
| 2,336
J
2,837
j 3,118
| 4.797
431
80
184
233
188
100. 9
109. 7
36. 4
60. 1
51.9 I 25.0
76.6 | 54.6
79.8 ! 64. 1
271
50
81
261
323
2?!l
83
100
105
113
119
121
119
127
138
143
85.3 ! 75.4
87.1 i 79.7
89.0 i 83.0
90.8 i 84.6
93.5 i 81.8
95.3 i
96.8 i 87.1
98.4 i 93.2 I
99.6 I
95.8 !
101.0 i 102.0 |
264
302
315
295
297
295
236
262
203
244
57
49
59
60
48
61
60
65
62
52
139
129
102.3 ! 99.4 |
103.7 | 103.9 |
11?.9 I
106.4
202 |
291
43 11 3,212
42 ! 2,999
3,459
128
62
84
132
101.0 !
53.0 I
73.9
78.7
85.5
104.1
106. 7
571
268
67
197
49.0
271
61. 3
71.8 (| 240
105.4 i! 355
; Steel sheets > United
States
Steel I
Corporation, !
ProNew Ship- finished
prodducorPeructs,
tion
ders ments
cent
shipof
ments
capacity*
Thouj Thousands of I Long
sands
I short tons j
of long
tons
tons i
!
i
464
364 |
5,068 i
102
118
1,433 i
388,579
83
75
898 :
256,793
201
2,798 |
588, 209
47 I 158
233
2,865 !
668,056
50 i 193
53 ||
!
3,454
1, 366
1,619
1, 963
3. 223
Prices
Steel ingots
Production
130
35
1 Black, blue, galvanized, and full finished.
* See footnote marked '"V on p. 48.
Pig iron
EmPay
Produc- ployExrolls,
tion,
Im- |
ment, unadadad- justed ports
justed »
Monthly average,
1923-25=100
1929: March
1932: March
1933: March
1934: March
1935: March
1936:
March
April
May..
—
June
July
August
September
October
November
December
1937:
January...
February.
March
First-quarter average:
1929
1933
1934
1935
1936
1937
Iron and
steel
207
43
91
95
121
176
2
With adjustment for seasonal variations.
5 See footnote 1 on p. 49.
59 !
69 !
71 !
70 !
69 ;
74 |
73 !
79 '
252
190
192
261
193
208
256
223
294
337
210
252
210
204
213
197
204
224
212
244
(5,
Steel
Iron
billets,
and
steel, rerollfng
com- (Pittsposite burgh)
Dollars per long ton
Dollars
per 100
pounds
98
28
92
38
36
34.00
27.00
26. 00
26. 00
27.00
15.56 |
7.13 |
5.25
12. 13
10.50 |
2.55
2.17
2.10
2.31
2.44
33.21
33.10
32.92
32. 79
33.49
33.88
34.15
34.63
34.65
35.15
28.20
28.00
28.00
28.00
30.00
30.00
30.40
32.00
32.00
32.40
14.75
14.34
12.88
12.85
13.38
15.19
16.15
16.25
16.50
17.15
2.37
2.36
2.36
2.36
2.43
2.43
2.41
2.46
2.46
2.52
36.55
1,149,918
36. 74
1,133,724
I,il4,399 i 39.92
34.00
34.00
36.40
18.06
19.44
20.85
2.57
2.58
2.83
33. 42
26. 00
26. 00
27.00
28.73
34.80
5! 25
11.21
11.18
14.11
19.45
2.55
2. 11
2.31
2.44
2.41
2.66
783,552
979,907
984,097
886,065
950,851
923,703
961,803
1,007,417
882,643
1,067,365
35.
29.
27.
31.
32.
• 35.96
272, 620 ! 28.01
159 435, 162 1! 31.28
32.49
213 ! 595,083
33. 34
198 1 727,094
(5)
37.74
11.232,680
351
Steel i Finscrap ished
(Chi- steel,
cago) com*
posite
^ Without adjustment for seasonal variations.
13
SURVEY OF CURRENT BUSINESS
Mav 1937
Textile Industries
in textile mills, and particularly
OPERATIONS
in cotton mills, have continued into the spring at
a high rate. Trade reports indicate some slackening
in the volume of new orders booked during April, but
the unusually heavy backlog of unfilled orders lias
served to sustain a high rate of operations during
recent weeks.
Prices of most textile fabrics have been maintained
in recent weeks at or close to the higher quotations
established in the first quarter, but fiber prices have been
affected by the general decline in raw material prices
since early in April. Finished cotton goods have shown
practically no changes in price since March, but prices of
woolen and worsted fabrics have continued the upward
trend begun last fall. Cotton gray goods prices have
experienced only a small recession, despite the drop in
middling cotton from nearly 15 cents per pound at the
end of March to about 1VA cents on April 20.
In March, the seasonally adjusted index of production in the cotton, wool, and silk industries moved up
2 points to 128 (1923-25 = 100), the decline in aggregate output being smaller than usual for this season.
Actual production has held at a remarkably uniform
rate for the past 4 months. This is particularly noteworthy, considering the fact that the industry is
operating at or close to the highest rate on record.
First-quarter output, according to the Federal Reserve
index, was about one-fourth higher than in the corresponding period of 1936; it was the largest for any
3-month period at least as far back as 1923, when the
figures first became available.
Though operations in all textile lines were high in
March, activity in cotton mills was outstanding.
Both cotton consumption and spinning spindle activity
broke all previous records. Consumption exceeded
779,000 bales, which on a daily-average basis represented a gain of 1 percent over February, the previous
record high. It was 36 percent higher than in March
1936. Spindle activity advanced 3.5 points in March
to 148.3 percent of single-shift capacity. According
to weekly consumption data, operations during the 3
weeks of April were carried on at an undiminished pace.
Woolen-mill activity showed no important change
from February to March. Consumption was off
slightly on a daily-average basis, but the decline was
less than seasonal. Cloth looms were operated at a
slower pace in March than in February, but there was
some increase of weaving activity in the carpet and
rug industry.
Consumers have continued to accept delivery of
rayon yarn as fast as it can be manufactured. According to the Rayon Organon, producers are attempting
to meet the increased demand by expanding their production facilities, but construction delays have slowed
down the expansion program. According to this
publication, the industry's maximum annual capacity
of 325,000,000 pounds is being fully utilized except for
one medium-sized plant where a strike is in progress.
TEXTILE STATISTICS
I Cotton,
raw
Year and month
1929: March
1932: March
1933: March
1934: March
1935: March
1936:
March
April
May
June
July
August
,
September
October
November
December
1937:
;
January
February .__
March.;
|
First-quarter, average: |
1929
j
1933
|
1934
_. J
1935
1930
1937
Cotton manufactures
I i Wool
Monthly average,
1923-25=
100
117
82
76
94
99
Running
bales
Millions of
spindle
hours
631, 669
488,907
495,183
544, 870
482, 373
8,911
6,967
7,050
7,706
6,623
Silk
WholeWholesale I
Cotton cloth,
Spinning
sale
Looms
price,
price,
finishing
Wholespindles
woolen Deliv- raw,
sale
Conand
price, sumperies to Japaworsted mills nese,
Plain
tion * Wool- Wor- NarPrint cotton
goods
13-15
bleach- goods
goods
Broad
en
sted
(New
ed
York)
Month- ThouMonthly avly avBales Dollars
Thousands of
Percent of active hours
sands
erage,
erage,
of 133
per
yards
to total reported
of
1926=
1926=
pounds
pound
pounds
100
100
83
100. 6 31,400
91.1 49, 878
68 [ 60
56. 2 17, 800
45
62.7 46, 761 1.617
37 j 26
50.0 14, 200
42
53.2 38,934
1.182
28
32
163,887 130,781
89.1 23,100
84.0 44,080
73
1.419
37
42
73.1 44, 347 1.327
148, 473 122, 524
82.4 31,716
80
29
01
100
100
100
107
116
120
120
114
121
139
550, 641
576, 762
530,894
555,449
607,056
574, 289
629, 727
646, 499
626, 695
692, 921
7,254
7, 313
6,896
7,320
7,855
7,573
8,088
8,328
7,997
8,679
107,893
104,837
105,062
104, 630
101,904
104. 667
107,706
121,419
105,188
123,125
95, 274
91,074
89,518
90, 338
91, 273
91,157
86,514
88, S90
83,760
91,839
77.1
76.2
75.5
75.4
78.7
79.5
80.0
82.0
85.5
90.3
27,633
29,346
24,333
27, 302
33, 963
31, 627
30, 639
37, 760
33, 990
39, 504
85
82
87
87
90
97
88
90
96
110
8. 587 115,127
8, 353 109,939
9, 698 121,981
93, 082
82, 702
89,279
91.9
91.3
94.0
41,616
38, 536
38,839 I
105
111
104
8,787
6.709
123 I 139,618 111,742
0, 911 143, 583 120,154
7, 233 99,378 95, 887
8,879 115.682 88. 374
100.3
49. 7
83. 3
78.5
92,4
32,100 I
17,800
22,900
28,272
32,000
39,064 I
82
54
71
86
91
107
ProducMil!
tion index, ad- conjusted i sumption
Spindle activity,
total
124 678, 064
126 II 664, 439
138 | 779,303
II
116 | 031,558 11
4(58,856 I;
82
91 H 509,979 l|
101 504,422 |
102 552,307 11
126 707,268 ii
i Adjusted for seasonal variation.
Wool manufactures
1
59
60
57
57
59
68
65
74
83
92
89
87
09
48
47
08
64
38
36
34
36
36
43
41
46
42
56
59
58
01
33
36
29
43
58
Tib
siery
Deliveries
from mills
Un- Adadjust- justed ed i
Production
ThouDaily
sands
average,
of doz1923-25=100
en
pairs
280
270
246
232
201
190
340
320
10,471
295
279
9,692
66
72
82
94
83.8
82.2
82.2
82.6
82.0
81.2
80.9
80.5
84.3
90.5
36,000
34,564
32,087
31, 437
36,658
42, 016
45, 709
43,093
40, 401
41, 627
1.733
1. 682
1.600
1.597
1.714
1.791
1.698
1.756
1.935
1.968
422
433
428
498
614
633
537
504
538
562
399
416
446
623
808
586
387
475
611
662
9,832
10, 201
9,270
9,479
9,983
10,111
10,828
11, 566
10, 716
11, 280
100
97
91.9
93.1
92.6
44,198
38, 484
39,934
2.051
1.993
2.012
537
549
516
548
482
487
11, 364
11,311
12,116
91.3
53.3
84.2
73.5
82.7
92, 5
51,152
39,268
41,348
44,507
35,683
40, 872
5. 031
1. 229
1.484
1.407
1.822
2.019
268
282
382
430
472
534
76
76
74 |
69 !
73 i
52
Rayon
i
08
05
83
80
98
Scoured basis, total; see note marked **V* on p 54.
8, 955
9, 634
9, 728
11,597
14
SURVEY OF CURRENT BUSINESS
May 1937
Index of Grocery Chain Store Sales
By Reba L. Osborne, Market Data Section, Marketing Research Division
T
HE index presented herewith is the most recent of
the series of retail sales indexes constructed by the
Bureau of Foreign and Domestic Commerce to provide
more adequate current data on the movement of retail
trade. For some time the Bureau has been publishing
monthly statements of percentage changes in chain
grocery sales based on a sample which represented sales
of an identical group of retail units each month. A
homogeneous sample for all firms for a period of years
was not readily available for use in constructing the
index of sales. This index, therefore, has been constructed from total dollar sales of the contributing
firms without consideration of the change in the
number of store units and reflects the growth or
decrease in grocery chain-store business, rather than
variations in sales of an identical group of chain
units.
The dollar sales figures from which the index was
constructed have been furnished by a group of chain
organizations doing about 75 percent of the total
grocery chain-store business. Although the index is
representative of grocery chain-store sales, it is not
designed to measure the sales of all grocery stores, since
the trend of sales by independent grocers varies somewhat from that of chain organizations. (See table 1.)
The 1935 Census of Business reveals a higher rate of
increase from 1933 to 1935 in sales by independent
grocers than that by grocery-store chains. From 1929
to 1933 the relative decline of the independents was
greater than that of the chains.
INDEX NUMBERS
I2O
Table 1.—Grocery Store Sales by Types of Operation
1929
Item
Total sales .
Percent of totaL.
Independent stores
Percent of total
Chain
storesof totaL._ _
Percent
Other outlets
Percent of total
1933
Million Percent Million Percent Million Percent
dollars of 1929 dollars of 1929 dollars of 1929
total
total
total
_ _
7,353
100.0
100.0
61.0
4,488
61.0
2,833 "~38.~6~
38.6
32
0.4
0.4
5,004
68.0
100 0
2,776
37.7
55.5
2,209 "~3O.~6~
44.1
19
0.3
04
1
i ' ' i '• ' r
Without Seasona/
1
6,352
100 0
3,849
60.6
2,467
38.8
36
0.6
86.4
52.4
0.5
Source: Census of Business, 1935.
Character of the sample.
The chain organizations which have supplied material
for the sample on which the index is based sell both
groceries and meats. They operated more than 30,500
stores in 1935. The number of units operated was
about 65 percent of the chain grocery stores reported
by the census for that year and gives representation to
all regions of the country in remarkably similar proportion to the census distribution (table 2). The firms
cooperating in supplying monthly sales figures are as
follows: American Stores Co.; Daniel Reeves, Inc.;
First National Stores, Inc.; Great Atlantic & Pacific
Tea Co.; H. G. Hill Co.; Kroger Grocery and Baking
Co.; National Tea Co.; Red Owl Stores, Inc.; Safeway
Stores, Inc., and Southern Grocery Stores, Inc.
Sales of these 10 firms amounted to $1,641,000,000
in 1935, as compared with $2,209,000,000 for all grocery
(1929-31 = 100)
TTT 1
1935
I ''II T F
1
I''I'T 1
' ' I '' P
" I " I'
INDEX NUMBERS
120
Adjustment
NO
110
100
^x
With Seasonal Adjustment
80
80
70
70
111111111111111111111111
O i l i I 11 I i i l i
1929
1330
1931
1932
1111111111111111111111111)
1933
1934-
i ! 1 1 1 1 1 1 1 1 ! i 11 1 1 1 1 1 1 11 i 1 1 1 1 1 1
'935
Figure 1.—Index of Dollar Sales of Grocery Chain Stores
'936
1937
(9080-A)
chain stores and with $6,352,000,000 for all grocery
store sales, both the latter figures being from the Census
of Business for that year.
Table 2.—Grocery Chain-Store Distribution by Geographic Divi sions, 1935
Geographic division
Total United States
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central. _
West South Central
Mountain
Pacific
1
15
SURVEY OF CURRENT BUSINESS
May 1937
.
- . --
.
- --_ _
All grocery All grocery
Store units chain-store
chain-store
in sample
dollar sales *
units i
100.0
100.0
100.0
15.8
30.6
25.8
5.1
9.7
3.1
2.5
1.5
5.9
13.2
33.9
22.1
5.6
9.9
3.9
3.4
1.4
6.6
12.4
29.9
22.7
6.2
9.8
3.6
4.1
2.4
8.9
Computed from Census of Business, 1935.
Method of Computing the Index.
The monthly index numbers are based on average
daily sales. After converting the sales figures of each
firm to a basis of average daily sales per calendar month,
the figures of the 10 firms were combined for the respective months of the year and the index numbers computed, using the monthly average for the years 1929-31
as 100.
This conversion of the sales of each company to a
daily-average basis was necessary, as the sales figures
are not reported on a uniform basis because of the
difference in accounting periods employed by the
several companies. Some organizations record their
sales by straight calendar months, others by periods of
4 or 5 weeks, while still others employ a 4-week accounting period, fitting into the 13-month year. Sales
reported on an alternating 4- or 5-week basis usually
conformed closely enough to the calendar month, but
those reported on the 13-month-year basis required an
adjustment by prorating the sales figures to the calendar
months in which the different periods fell.1
A comparison of these figures with those of all grocery
chain-store sales reported by the Census of Business
revealed that the trend of sales as represented by the
index followed closely that of the country's total grocery
chain-store sales. The decline in sales from 1929 to
1933, as measured by the index, was 22.6 percent, or
only slightly more than the decrease of 22 percent
reported by the census. From 1933 to 1935 the index
showed an increase of 9.3 percent, compared with a gain
of 11.7 percent reported in the census. The index here
presented has been corrected for this bias by adjusting
to the census trend. To accomplish this, the monthly
figures, beginning with January 1930, were adjusted by
means of arithmetic interpolation. The process involved the application of a cumulative unit, which,
when applied over the months of the intervening periods,
resulted in bringing the averages for those years
i Sales for the 4 weeks were converted to average daily sales by dividing by 24. If
18 weekdays of May fell in the fifth reporting period and 8 days fell in the sixth
reporting period, the total sales for May were calculated by adding 18 times average
daily sales in the fifth period to 8 times average daily sales in the sixth period.
corresponding with census years into adjustment with
the census figures.2
Reduction to Average Daily Sales.
Not all months have an equal number of working
days, nor are sales of grocery chains evenly distributed
throughout the week. According to information supplied by some of the contributing firms, nearly 40 percent of the weekly business of chain grocery stores is
normally done on Saturday. For the purpose of converting the sales figures to an average daily sales basis
per calendar month, the number of working days in
each month has been calculated for the years 1929 to
1937 inclusive (table 3). The days of the week were
evaluated from the sales experience of the firms and
the following weights assigned: Monday, 0.6; Tuesday,
0.7; Wednesday, 0.7; Thursday, 0.7; Friday, 1.0;
INDEX NUMBERS .(I929-3I =100)
I20
HO
1 1
1
\
1 1
I 1
i 1 i
1 i i
1
i I 1
ft
100
\
90
\
\
80
70
60
r.,.
1 I 1
V]J
1 ! 1
1929 1930 19V
f
t 1
1 1 !
1932 '933
k
ff
/
1 ! 1
f
1 1
1
!
I
193* 1935 1936 193?
(9O80-3)
Figure 2.—Retail Prices of Food. (See table 4 for source of data.)
Saturday, 2.3; total, 6.0. The number of working
days in any one month was then calculated by adding
the weights of all the business days in that month.
No allowance was made for holidays, except as noted
below, it being assumed that food for consumption on
holidays is bought on the preceding day and that the
total sales are not affected. However, when a holiday
falls on the first working day of a month, six-tenths of
a day, the weight of Monday, is subtracted from that
month and added to the preceding month. The sales
figures on a calendar-month basis were then divided
by the calculated number of working days in the
2
A detailed description of this method appears in U. S. Bureau of Labor Statistics
Bulletin, No. 610, Revised Indexes of Factory Employment and Pay Rolls, 1919 to
1923, p. 14.
16
SURVEY OF CURRENT BUSINESS
Table 4.—Retail Food Prices
respective months to arrive at the average daily sales
for the different months.
Table 3.—Number of Working Days in Each Month, 1929 to 1937, for
Calculating Average Daily Sales of Chain Grocery Stores
[1929-31 = 100]
Month
I 1929 j 1930
January
Month
January
February
March
April
May
June
July
August
September...
October
November...
December...
Total
1929 I 1930 1931
I
25.5
24.0
27.3
25.3
26.4
26.3
26. 0
28.6
24. 0
26. 1
27.3
25.9
25.8
24.0
26.9
25.4
28.0
24.6
j 26.1
| 27.9
1 24. 7
I 26. 4
26.3 i
26.6
27.4
24.0
25.3
25.4
27.3
25.3
26.4
26.9
25.4
28.0
24.6
26.7
1932
1933
1934
1935 I 1936 ! 1937
26.7
24.7
24.6 24.0
26.1 26.4
27.3 26.3
25.3 26.0
25.4
25.
27. 3 26. 9
26.0
26.1
25.7 J 27.3
26. 9 25. 3
25. 4 25. 4
28. 6 27. 9
25. 4
24.0
28.0
24. 6
26. 1
27. 3
25. 3
26. 4
26. 3
26 0
25. "
27 5
25.5
24.0
27.3
25.3
26.4
26.3
26.0
28. 6
24.0
26. 1
27.3
25.9
26.3
25.3
25.4
27.3
25.3
26.4
26. 9
25. 4
28.0
24.6
26. 7
26.7
24. 0
26.0
25. 7
26. 9
25.4
28. 0
25.3
25.4
27. 3
25. 3
27.0
|312.7 312.7 1312.7 315.3 312.0 1312.6 J312.7 (313.4
313.0
Adjustment for Seasonal Variation.
Seasonal fluctuations in grocery-store trade, although
not pronounced, are sufficient to necessitate adjustment.
Correction factors, therefore, were computed using the
"ratio to moving average" method, with some further
refinements. The adjustment factors indicate that
minor peaks are reached in April and December, while
the low point for the year is reached in August.3
Mav 1937
February
March
April
.
May
June
July _ . _
August
September
October
November
December
j
j
!
j
i
j
:
107. 5
107.1
106.1
105.5
107.2
108. 5
111.5
113.2
113.1
112. 6
111.7
110. 7
106.
102.
! IOI.
I
i
I
|
102.
102.
99.
96.
1931 j 1932 i 1933
1934 : 1935 : 1930 I 1937
93.4
90.0
89.1
87.8
86.5
84.4
84. 5
84.7
84. 4
83.7
81.9
79.8
73.8
75.9
76.2
75.5
76.4
77.0
77. 1
77.8
80.7
79.5
78.6
78.0
76. 2
73.8
74.0
73.6
71.7
70.8
71. 5
70.3
69 8
69. 4
68.7
67. 7
!
I
I
!
65.5
62.9
62.6
62. 9
65.4
68.0
74.3
75.4
75.3
74.9
74.1
72.5
81.1
83.4
83.3
85. 0
85.:
85.3
84.0
83.3
83.9
84.3
85.3
85.9
85. 5 i
84.4
83.2
83.7
i
i
I
I
88.6
88.5
89.4
87.9 !
87.9 !_
87.9 i.
88.3 ;_
86. 7 j
86.4 j .
86.8 j .
Source: Computed from the U. S. Bureau of Labor Statistics index, which is
reported on a 1923-25 base.
Indexes To Be Issued Monthly.
The index figures shown in table 5 will be shown
regularly in monthly statements issued by the Bureau
in mimeographed form, and the figures will also appear
with the retail-trade series published each month on
page 26 of this publication. It is the intention to drop
the index of sales of chain grocery stores as reported by
the Chain Store Age, now shown on that page.
Movement of Index.
This index may be accepted as representing accurately
the movement of chain grocery-store sales over
Trend of Sales.
the
period
covered, in view of the slight variation from
Although the quantity of food sold did not fall so low
the
census
returns. However, in the future the accuduring the depression as did the volume of sales in
racy
of
the
index will depend upon the extent to which
other major lines, nevertheless the marked drop in
the
sales
of
the
10 companies reflect correctly any shifts
prices was reflected in the dollar volume of sales (fig. 1).
in
distribution
which may take place in the grocery
Sales of chain grocery stores in 1933 were only about
chain-store
field.
Whether changes that may occur
three-fourths as large as in 1929, the index figure for
from
now
on
in
the
field of distribution will destroy the
the year having receded to 80.3 on the basis of the
validity
of
the
sample
is a question for the future to
average for the years 1929-31 as 100, from 102.9 for
1929. The greatest decline for any one year occurred determine; but, if such tendencies do develop, they will
from 1931 to 1932, when sales decreased about 11 per- be revealed by the periodic census enumerations
cent. Accompanying the increase in general business covering the retail field.
activity and with rising prices, sales increased about Table 5.—-Index of Average Daily Sales of Grocery Chain Stores, Dollar
Volume Basis
3% percent in 1934 over those of 1933; in 1935 there
[1929-31 = 100]
was a gain of 7% percent over 1934, and in 1936 there
was a further yearly gain of about 5% percent. The
Without adjustment for seasona1 variation
Month
index figure for the year 1936 was 94.4, indicating a
1931 1932 1933 1934
1935 1936 1937
1929
1930
recovery of more than 60 percent of the dollar volume January,
95.0
._ .._ 95.1 103.3 96.2 88.5 74.5 78.4 85.3 91.5
77.8 84.4
89.8
95.6
97.9
107. 5 104.8 100.3 87.9
lost between 1929 and 1933. Sales during the first February
89.6
94.1
101.6
77.9
86.0
v
99. 6
101.3
103.6
90.3
_ ... ..
101.4
105.3 103. 8 91.3
79.1 83.4
91.8 96.1
April
quarter of 1937 indicate a continuation of this improve- March
90.4
92.0
102.5
99.9
91.2
101.8
May
79.9 84.5
101.2 98.2
96.7
100.6
86.1 82.1 85.0 90.4
June
ment.
95.7
94.6 82.8 82.3 81.3 86.1 94.9
July
98.5
98.2
78.7 80.6
83.9 92.1
96.3 91.5 80.5
August
Comparison With Price Index.
80.6
82.1 89.6 93.0
September
_ - 101.6
97.1 91.9 81.8
83.4
109.0
82.8 83.5 91.5 94.2
October
.
100.1 94.2
The influence of price changes on the volume of sales November
80
9
108.1
81.6
84.0 91.6 95.8
99 3 93.5
95.4 96.4
December
101.6
92.3 83.1 85.9 86.9
112.4
is not readily ascertainable, owing to the lack of a price Annual
102.9
100.9
96.5 85.7 80.3 83.3 89.6 94.4
index comparable with the sales index. A retail food
W i t h adjustment for seasonal variation
price index is compiled by the Bureau of Labor StatisMonth
1930
1935 1936 1937
1929
1931 1932 1933 1934
tics. This index, presented in figure 2, provides an
98.1
87.9
106. 5 99.1 91.3 76.8 80.8
94.3
97. 9
indication of the influence of price changes on chain January
107.0
104.3 99.8 87.4
89 3 95. 1
97 4
77.4 83.9
February
100.2
102.6
89.4
85.1
88.8
93.2
v
98. f>
March
100.6
77.1
grocery sales. However, no attempt has been made to A p r i l .
102.2 100.8 88.7
98.4
76.8 81.0 89.1 93.3
100.9
98.4
100.2
89.8
78
7
89
1
91.
7
83.
3
Mav
adjust the sales index by the price series, because the J u n e
99.1
99.7 96.7
84.9 80.9 83.8 89. 1 95.3
100.5
97.7
96. 5 84. 5 83.9 83.0 87.9
96.8
variations in the items included and the weights involved July
82. 0 84.0 87.3 95.9
Aueust-.. __ . . . . . 102. 3 100. 3 95. 3 83.9
September
99.1
83.4
83.8
91.4
94.9
103.7
93.8
82.3
render the validity of such procedure doubtful.
83.1 91.0 93.7
99.6 93.8
83.0 82.4
October
. . 108.5
3
The seasonal adjustment factors follow: January, 97; February, 100.5; March,
101; April, 103; May, 101.5; June, 101.5; July, 98; August, 96; September, 98; October, 100.5; November, 100; December, 103.
N o v e m b e r . _. _.
December
v Preliminary.
..
108.1
109.1
99.3
98.6
93. 5
89.6
80.9
80.7
81.6
83.4
84. 0
84.3
91.6
92.7
95.8
93.6
May 1937
17
SURVEY OF CURRENT BUSINESS
NEW OR REVISED SERIES
Table 19.—WORLD STOCKS OF FOODSTUFFS AND RAW MATERIALS, QUANTITY 1
[Monthly average 1923-25 = 100]
Year and month
g*
53
3
l £ I -tftn
. 3 i g 3 ij
it
January.
February,..
March
April
May
June
__
July
August
September.
October
November..
December. _
106
111
111
120
131
134
141
136
116
106
108
106
86
122
117
112
106
104
105
111
115
112
114
117
127
136
138
153
164
170
184
182
143
123
129
128
Monthly average..
119
110
148
1921
126
115
116
114
131
144
157
156
148
144
137
122
101
104
88
93
101
90
89
95
91
96
95
93
95 !
January
February
March
April
May
June
July
August
September
October
November
December
109
109
112
122
136
147
164
165
140
122
114
108
119
121
122
123
127
130
135
129
124
118
119
120
137
138
147
166
185
205
230
232
182
149
136
124
116
115
116
117
135
140
147
139
128
122
118
113
91
82
77
75
88
86
98
93
102
112
109
121
Monthly average,.
129
124
169
126
95
1922
January
February
March
April
May
June.
July
August
September
October
November
December
111
109
IK)
116
118
120
118
110
103
107
104
100
123
127
126
127
130
129
128
126
118
113
108
103
131
128
128
139
141
143
144
129
114
118
110
104
110
114
111
113
114
109
109
100
102
98
95
94
134
124
111
115
121
116
112
121
110
113
125
120
122
127
106
119
Monthly average..
1923
January
February
March
April
May
June
July
August
September
October
November
December
100
94
92
87
103
101
95
86
80
104
94
92
80
86
87
94
52
40
75
88
95
102
97
94
85
.
_..
Monthly average..
98
99
98
98
99
98
96
96
93
100
106
108 j
112
122
113
118
119
117
113
110
Monthly average
99 ' 106
1
See footnote on p. 18
139641—37-
101
82
1924
January
February
March
April
May
June
July
August
September
October
November
December
124
121
118
106
107
102
96
90
95
91
84
82
78
90
101
111
113
93
113
107
106
102
105
102
110
112
101
96
92
85
s
January
February
March '
April
May.
June
July .
August
September
October
November
December
109
HO
109
106
104
I 99
I 96
! 97
\ 109
:
( 110
j 113
' 121
110
113
110
103
103
100
107
117
120
123
121
120
119
113
106
93
88
92
122
123
129
139
115
115
114
119
123
129
113
115
113
115
117 j
114 !
108
111
111
114
118
115
119
124
126
132
137
142
117
119
115
114
111
115
115
117
121
117
114
110
110
113
94
87
100
95
95
96
85
76
87
87
105
107
107
99
95
92
86
80
95
85
85
103
79 j | Monthly average
; 107
111
114
117
121
115
94
95
121
117
121
121
116
115
123
118
127
135
137
140
136
140
141
133
137
140
135
138
131
134
146
159
167
106
115
118
118
110
107
118.
115
123
126
124
135
136
145
159
144
149
, 158
I 153
I 152
| 142
133
81
78
69
75
87
76
66
64
69
71
73
78
109
105
98
94
93
85
97
110
103
97
100
121
78
71
72
79
94
97
94
78
74
72
71
69
1926
65
60
62
65
75
77
88
94
91
85
80
76
97
101
100
96
84
73
90
104
114
85
89
91
95
104
110
103 101
94
95
117
105
112
91
95
96
97
102
97
91
101 i
120 i
January _
February..
March
April.
May
June.
July
August..
September.
October
November
December
!
— I 121
"""!
""I
[
1927
January
February
March
April
May
!____"
June .
July
August
September
October
November
December
81
125
140
140
141
144
142
145
154
161
152
146
146
144
Monthly average..
1928
94
92
95
89
90
91
91
94
101
104
102
123
121
119
125
I 125
_ __ _j 127
I 129
131
136
77 11 Monthly average..
104
97
101
101
98
101
100
90
99
99
102
111
112
1925
ii
..•§
Is
o
•2
|
1920
Year and month
87
87
94
100
102
104
114
114
123
132
131
134
124
125
110
104
99
95
96
100
105
110
117
119
118
114
110
117
144
107
128
121
115
107
109
122
152
177
193
203
221
231
175
173
171
184
182
189
201
207
175
154
151
140
134
138
142
147
151
152
154
159
161
163
159
156
123
125
126
126
123
135
146
146
144
142
142
142
128
136
149
150
140
137
139
151
160
155
155
148
113
107
95
93
97
97
101
106
109
116
125
128
157
175
151
135
146
107
138
133
136
150
161
170
166
158
134
150
149
146
153
152
147
144
142
144
143
146
140
136
142
149
127
120
124
137
143
136
149
141
136
135
127
131
172
173
157
138
140
145
153
158
175
171
165
164
125
125
123
121
124
124
129
129
129
129
129
126
134
159
126
169
175
173
164
173
175
182
195
225
219
210
207
102 ! 109
74
66
70
75
74
70
70
70
76
125
122
121
117
116
115
125
127
113
114
118
125
120
January..
February...
March
April
May
June
July
August
September.
October
November..
December—
148
147
145
148
154
161
163
157
154
159
157
180
234
243
248
267
275
287
289
282
268
252
245
240
Monthly average...
154
261
.
| 184
j 188
| 196
191
191
236
234
227
217
217
213
237
254
282
309
317
334
149
146
149
148
146
148
145
157
146
163
157
154
151
156
153
154
157
160
164
169
176
185
186
194
126
125
135
135
137
138
151
151
157
171
177
185
124
126
134
133
137
140
151
150
146
148
146
148
116
127
128
126
119
114
114
127
118
123
121
135
181
182
187
193
198
202
210
223
217
216
209
198
Monthly average..
176
256
151
167
149 I 189 ! 140
122
201
1929
111
115
115
109
109
107
117
100
106
107
101
January
February
March
April
May
June
July
August
September
October
November
December
I
73
85
75
72
82
78
87
89
96
100
106
118
134
129
132
140
145
158
157
142
153
166
161
178
150
18
SURVEY OF CURRENT BUSINESS
May 1937
Table 19.—WORLD STOCKS OF FOODSTUFFS AND RAW MATERIALS, QUANTITY—Continued
239
236
157
153
193 i
190
223
209
Se ^ i bei
()( nl),»r
238
149
196
212
VO\( ' . ,
235
254
148
204
212
D e c i' l> •-
239
247
223
151
185
207
269
273
284
286
294
299
308
309
309
281
321
279
288
303
276
261
261
261
202
148
149
141
133
144
209
237
233
233
246
213
227
220
223
224
261
208
270
274
270
152
156
155
248
248
245
35
°43
133
243
V p*' 1
\1 224
j i.i>
231
230
210
217 1 O(U
274
266
132
137
243
246
220
223
267
143
240
222
Wheat, adjusted
j
M M >i _\_
•»o!
199
203
201
204
211
211
330
347
244
247
148 ! 108
145
104
338
328
ol9
330
305
301
247
258
257
253
253
258
151
160
155
J56
378 1 296
274
370 !
255
256
164
165
263
253
158
380
250
253
158
06
208
198
192
1S9
369
307
253
150
84
210
168
168
165
154
372
373
369
373
264
261
155
155
162
263
249
241
248
246
237
227
144
29]_
225
219
71
94
93
80
80
69
63
64
185
180
178
175
177
167
162
221
2J6
213
216
245
390
205
OO1
339
333
331
330
337
Till, unadjusted
158
176
191
204
201
353
361
362
362
375
370
368
367
384
248
397
250
250 1 410
_ . .
253 i 415
?53
411
252
397
_ _
253
396
399
253
245
383
372
..... ... 235
229
363
225
356
Tea,
adjusted
141
145
150
158
161
164
Sugar, adjusted
205
204
210
226
227
238
Silk, a d justed
January
Rubber, adjusted
199
197
Cotton, adjusted
139
161
Coffee, adjusted
221
144
147
Year and month
Combined
index
237
202
199
Wheat, adjusted
167
168
175
184
187
197
210
200
Tin, unadjusted
389
423
Tea,
adjusted
164
165
Sugar, adjusted
350
368
Silk,
adjusted
Year and month
Bubber, adjusted
Cotton, adjusted
195
197
201
208
215
228
230
236
242
232
234
Combined
index
Coffee, adjusted
[Monthly average 1923-25=100]
!
1934
1930
January
February
March
April
May
June
July
August
September
October
November
December
189
188
196
218
248
288
289
290
301
266
4?7
03
206
202
210
216
226
228
237
245
^56
259
262
259
283
422
186
433
436
433
423
210
216
220
226
2°6
444
474
450
446
438
423
427
9
"M a
June
.
Jai
1931
January
February
March
April
247
253
252
253
May
255
257
260
259
422
420
443
461
October
November
December
259
474
477
264
263
4b6
497
Monthly average
256
450
June
July
August
!
i
|
I
224
91§
210
220
281
282
223
329
327
292
293
2S5
220
301
293
T
7am p
loh- r .
Monthly
137
149
165
170
169
210
359
156
2J1
210
203
198
193
438
429
405
395
409
423
438
436
485
499
521
171
172
164
165
161
527
208
91 O
219
917
215
158
164
161
161
1
'
!
|
!
153
153
145
141 i
138
216
232
900
205
216
210
362
239
2°4
223
220
217
213
207
213 i 139
215 I 137
215
140 i
148 j
203
146
199
196
194
196
166
187
183
157
172
174
325
331
317
312
295
286
282
272
268
264
256
251
187
196
155
208
209
213
214
216
220
227
172
64
72
06
177
178
179
1 73
174
1936
__ _
_ _
May
June
July
August
September
October
November
December
212
211
350
365
385
389
399
402
190
!
! M O M t h i v average
213
218
216
206
186
176
170
369
369
371
360
354
339
33Q
206 i
199 !
D e o ' iber
1932
January
February
March
April
_._
221
220
214
2'0 1
213 1
98
85
83 1
83
78
74
74
79
.__
_ _
average
329
329
327
332
333
334
327
331
330
331
331
336
305
321
326
319
296
295
264
254
255
245
414
225
226
229
227
231
234
242
248
244
237
237
235
465
235
331
262
264
267
266
267
488
491
496
497
489
266
263
262
478
264
262
435
433
261
261
426
264
477
456
268
270
270
277
277
278
133
131
123
109
127
240
246
244
243
243
222
217
223
222
22''
135
141
148
235
236
226
217
201
197
January
February
Mpreh
April
Mav
June
Julv
Monthly average.
157
154
155
182
179
180
183
177
142
139
140
140
136
135
124
68
66
73
65
69
93
100
192
177
279
280
154
155
229
226
215
219
253
159
157
228
220
218
221
September
October
November
December
191
191
275
275
282
273
139
235
216
Monthly average
195
450
168
288
202
189
139
74
136
187
184
474
176
434
405
174
163
242
237
244
188
188
189
173
182
116
107
101
95
97
120
118
1933
January
February
March
April
Mav
_
June
Julv
August _ September
October . . _ __
November. .
December-
186
185
183
168
160
152
145
133
119
131
133
130
122
119
116
64
77
64
195
191
1937
_
335
337
340
342
337
340
343
343
343
350
350
349
269
284
285
285
275
280
270
282
300
349
356
235
237
237
241
239
236
231
225
223
227
226
226
351
232
342
264
262
260
259
391
376
357
345
257
256
252
248
343
341
334
330
248
249
338
347
248
245
254
January
February
March
April
292
277
275
270
159
159
160
176
212
207
209
204
270
266
261
254
183
183
179
168
201
192
183
161
304
253
250
162
158
145
134
312
294
250
249
152
150
125
114
June _ .
Julv
Ausust
216
September
212
October
210 i November
203
December
287
264
166
174
218
226
226
222
221
217
219
222
220
. . _.
Mav
Monthly averag8
1
1
i
i
!
1
Revised series. Represents a general revision of the data on world stocks of foodstuffs and raw materials originally prepared by Dr. Robert F . Martin of the Division
of Economic Research and published in the Survey of Current Business. The revision, which was made by Herman Lasken of the Division of Economic Research, was occasioned by the recomputation of the seasonal adjustment factors. For each series (except tin, for which there is no measurable seasonal tendency) changing seasonal factors
are now used. These adjustment factors are computed by the "ratio to moving average" method, the basic data used for any 1 year being that of the preceding 5 years, in
most instances. Certain exceptions were made where it was deemed advisable. At the same time these revisions were being made, it was found convenient to incorporate
certain adjustments in the basic data, the most important of which was that made in the base for the sugar series. This adjustment is mainly responsible for the considerable
spread between the old and new indexes subsequent to 1930. Figures shown are for the end of the month.
The present index consists of 8 commodities with a total weight of 30, distributed as follows: coffee, 2; cotton, 9; rubber, 3; silk, 2; sugar, 6; tea, 1; tin, 1; and wheat, 6. The
combined index is a simple weighted average of the indexes shown.
Except for the series on sugar, the basic data used in the index are shown in the 1936 Supplement to the Survey and in subsequent monthly issues. However, certain
adjustments have been necessary; also, estimates have been made in the months for which no data are available.
Sources of the data used, and a brief discussion of the adjustments and estimates made, are given below:
Coffee.—Supplies reported by the New York Coffee and Sugar Exchange, Inc., for the United States, Europe, Brazilian ports, afloat for the United States and Europe, and
interior stocks of Brazil. Because of irregularity in the reporting of the last-mentioned item, estimates have been made for this part of the stocks for November and December,
1933; all months of 1934 except April, May, June, and December; all months of 1936 except March, April, and June; and 1937 to date.
Cotton.—World visible supplies of raw cotton as reported by the Commercial and Financial Chronicle. Stocks held at principal European ports, afloat to Europe, at shipping
ports of Egypt, India, and the United States, at United States interior towns, and United States exports on the day of the report. Cotton afloat to and at ports of the Orient,
and at Los Angeles, are excluded.
Rubber.—Compiled by the V. S. Department of Commerce, Bureau of Foreign and Domestic Commerce. Consists of stocks of crude rubber in public warehouses, factories, in
hands of dealers, at ports, etc.
Silk.—Reported by the Commodity Exchange, Inc. Includes visible stocks of raw silk in New York and Hoboken warehouses, Japan, and in transit.
Sugar.—Reported by Willet and Gray in the Weekly Statistical Sugar Trade Journal, except as follows: Lamborn's World Sugar Supplies: Holland, 1923 and 1924; and Poland,
August 1923. Die Deutsche ZuckerIndustrie: Java previous to June 1930 except January and February, 1926, and January and February, 1927. Estimated by the Survey of
Current Business: Germany, September 1923 and September 1924; Czechoslovakia, October 1923 and October 1924; Poland, all months of 1923 except August and September, and
March 1924; and Java, base, 1923-25, January and February 1926, and January and February 1927. The figures represent stocks in a varying number of countries as follows;
1923-25, 9; 1926,10; January 1927 through July 1928,14; August 1928 through June 1929,14 (one added and one dropped); July 1929 through March 1931, 15; April 1931 through
June 1933,16; July 1933 to date, 17. Adjustments were made to keep the series comparable throughout. Seasonal indexes were computed separately for Java, because of the
opposite seasonal movement from that evidenced in countries in the Northern Hemisphere.
Tea.—Reported in Accounts Relating to the Trade and Navigation of the United Kingdom, except that figures for March 1929 through December 1932 are estimates based on
returns supplied by the Tea Brokers' Association of London, whose members handle approximately 90 percent of the total tea imports of the United Kingdom. Stocks are those
in all United Kingdom bonded warehouses.
Tin.—Compiled by Commodity Exchange, Inc., and published by the American Metal Market. Includes stocks in the United States, United Kingdom, Europe, and all
known supplies afloat.
Wheat.—Reported in BroomhaWs Corn Trade News (American ed.). Visible supply of wheat and flour in second hands, and flour converted to terms of wheat; includes
stocks in the United States, Canada, United Kingdom, Australia (after August 1925), Argentina, afloat for Continent and afloat for orders.
19
SURVEY OF CURRENT BUSINESS
May 1937
TABLE 20.—MANUFACTURED GAS
Total
Domestic
IndusHousee trial and
heating commercial
IndusDomes- House trial and
tic
heating commwcial
Total
Total
IndusDomes- House trial and
heating comtic
mercial
Thousands of dollars
Millions of cubic feet
Thousands
21, 320
21,465
21, 089
1,134
1, 466
1,594
7, 781
7, 559
7,040
34, 252
34, 535
33, 744
26,309
26. 425
25,988
961
1, 213
1,283
6,827
6, 740
6,343
21,507
19,967
6, 315
6,328
6,463
6, 234
5,700
5,429
4,983
4,739
4, 881
5,274
5, 571
5, 686
35, 315
33,549
35, 046
34, 663
32, 974
31,784
29,173
27,331
29,788
31, 438
30, 862
31, 937
27, 003
25,184
26, 393
26, 668
26,344
26,101
24, 120
22,513
24,S04
25, 754
24,189
24, 420
2 202
2, 241
2,402
1,935
1,018
383
191
148
181
573
1,322
2,015
5, 960
5,979
21, 286
21, 006
20,575
18, 816
17, 354
19.431
20,511
19, 290
19, 639
2,840
2, 903
3, 136
2, 529
1,276
454
203
154
194
691
1, 769
2, 836
4, 754
4,561
4, 683
4, 978
5, 209
5, 350
27, 444
20, 041
1,582 I
5,634
31,988
25, 291
1,218
5, 346
28.(78
19.870
18,620
19,015
19.059
19, 330
18, 908
17. 004
16, 494
18. 335
19. 261
18,491
18, 722
2,984
2, 949
2,847
2,232
1, 246
425
204
176
243
808
2, 398
3, 525
5, 623
5, 576
5,427
5, 536
5,732
5, 678
5, 495
5,502
5, 427
5, 644
5.874
6,076
32,098
30,644
30, 7S6
30, 396
30, 076
29,190
26, 672
26. 140
28, 268
29, 722
29,804
30,821
24,573
23, 222
23,531
23, 647
23, 975
23, 820
21,705
21,201
23, 246
24,114
23. 039
2Z, 212
2, 099
2, 085
2, 005
1, 617
923
350
188
167
217
605
1,590
2,263
5,2S3
5, 200
5, 098
5, 002
5, 038
4, 907
4, 680
4, 674
4, 002
4, 877
5, 104
5,2!2
2r.. GfiJ
18, 593
1,670
5,632
29, 556
23, 274
1,176
4, 980
29,707
29,967
3'), 356
22! sol
22, 2H'J
21,907
2(5, 309
27, 178
29,020
19, 236
19, 046
19,308
18,235
18,385
18,365
16, 246
15, 792
18, 272
18,796
17,386
17, 440
4.106
4, 083
3,886
3,218
1,936
705
372
327
437
1,153
3,227
4,732
6,159
6, 640
6, 973
6,981
6, 772
6, 578
6,081
6,035
6,043
6,275
6, 384
6,648
32,018
31, 697
31,946
30,485
30, 092
29, 201
20, 349
25, 713
28, 666
29, 843
29,807
30,698
23, 785
23,196
23, 460
22, 850
23, 453
23, 466
21. 200
20, 680
23, 346
23, 756
22, 578
22, 388
2,789
2,892
2,743
2, 067
1, 250
527
294
264
390
883
1,881
2,849
5, 302
5, 470
5, 606
5,426
5, 271
5,110
4, 756
4, 694
4,824
5,079
5, 221
5,327
414
27,026
18, 042
2,348
6, 464
29, 712
22, 846
1,569
5,174
416
411
416
418
416
416
417
415
416
416
418
420
31,009
30, 380
28, 657
28,558
27, 961
26, 669
23 754
22! 594
25, 377
27, 597
27, 829
30,910
18, 022
17, 671
17,317
17,090
17, 520
18,198
16, 259
15, 409
17,722
18, 408
16, 926
16,910
5, 694
5,365
4,114
3,749
2,996
1, 258
543
382
543
1,552
3,189
5,656
7,081
7,150
7,038
7,540
7, 280
7,072
6,778
6,674
6, 960
7, 454
7,523
8,121
31,969
31,084
29,916
29,668
30, 093
29, 491
26, 765
25, 667
28, 500
30, 022
29,633
31, 226
22, 638
21, 784
21, 489
21, 663
22, 927
23, 347
21, 378
20,411
22, 859
23, 360
22,150
21,992
3, 686
3,670
2,896
2,392
1,677
885
414
310
471
1,138
1,831
3,258
5,502
5,496
5,394
5, 470
5,362
5,157
4,870
4,838
5, 061
5,400
5, 522
5,835
416
27, 608
17, 288
2,920
7,222
29, 503
22,106
1,886
5, 326
133
135
130
133
136
130
125
127
139
155
165
172
464
460
466
467
464
464
464
463
462
453
460
462
33,172
33,807
31,483
30,473
28,912
27, 255
25.163
23, 743
25,753
28,863
30, 824
33,853
17,975
18,190
17,423
17,107
17, 266
17, 465
15, 967
14,939
1.6, 682
18,156
16, 335
16, 502
6,598
6,977
5, 223
4,179
2,775
1, 021
629
484
541
1,580
4,965
7,458
8,374
8,418
8,632
9,000
8,699
8,622
8,390
8,183
8,378
8,934
9,323
9,660
32, 683
32, 763
31,094
30, 352
30,097
29,028
27,121
25, 748
27,824
30, 213
30,700
32,425
22, 397
21,914
21,412
21, 598
22,508
22, 437
20,956
19, 772
21, 583
22,946
21,639
21,579
4,069
4,564
3,478
2,558
1,537
765
493
398
497
1,184
2,683
4,157
6,071
6,13*
6,065
6,049
5,923
5,721
5,569
5,467
5,640
5,959
6,236
6,547
140
463
29, 442
17,001
3,536
8,718
30,004
21, 728
2,199
5,949
9,600
9, 784
9,782
9,145
9, 302
9,273
417
433
453
30, 415
30, 682
29,892
9, 626
9, 608
9, 579
9,595
9, 560
9,523
9,460
9,412
9,406
9, 377
9, 315
9,261
9,147
9,126
9,097
9,113
9,081
9, 048
8, 994
8,947
8, 942
8. 904
8, 838
8, 782
415
417
418
418
416
417
415
412
410
410
410
410
30, 891
29,409
30,924
30, 233
28,158
26, 610
24, 140
22, 395
24,667
20, C76
26, 84 L
28,388
9,477
9,002 !
January
February.-•
March
April... .
May
June
July
August
September.
October
November.
December. _
9,136
9, 105
9,115
9,120
9, 093
9,155
9,150
9,172
9, 225
9, 240
9, 210
9,214
8, 663
8, 634
8, 644
8, 649
8, 625
8, 090
8, 692
8,712
8, 700
8,756
8,722
8, 714
Monthly average..
9,162
8, 6SS
January
February-_
March
April. .
May
June
July
August
September.
October
November.
December..
9, 201
9, 230
9, 211
9. 252
9, 33
9,348
9, 352
9, 381
9,432
9,437
9,405
9,385
8, 690
8,721
8,697
8,736
8,815
8, 835
8,842
8.868
8, 915
8,909
8.869
8,843
87
88
86
91
93
89
85
87
93
104
112
115
416
411
412
413
411
415
414
41.)
415
418
Monthly average..
9,330
8,812
94
January
February,_
March
April
May
June. . . .
July
August
September.
October
November _
December..
9,366
9, 378
9,389
9,415
9,479
9,492
9,491
9,498
9,562
9, 572
9, 535
9,545
8, 821
8,836
8,847
8, 869
8, 932
8, 951
8,957
8,969
9,031
9,025
8,980
120
122
114
117
120
115
106
104
107
121
128
131
9,477
8,934
January
February._
March
April
May
June
.
July
August
September.
October
November.
December..
9,503
9,515
9, 514
9,551
9,634
9, 616
9,641
9,654
9,730
9,762
9,737
9,754
8,910
8,907
8, 940
9,023
9,012
9,041
9,056
9,121
9,142
9,103
9,110
Monthly average.
9,634
9,022
1929 monthly average.
1930 monthly average.
1931 monthly average.
Revenue from sales to consumers
Sales to consumers
Customers
Year and month
J
1932
January
F e b r u a r y . _.
March
April
May
June
__.
July
August
September..
October
November..
December...
Monthly average.
21,114
6,101
5,921
5,479
5,177
1933
Monthly average...
406
403
4V\
406
401
405
4d7
410
4' 10
409
409
412
1936
' See footnote to table 21.
20
SURVEY OF CURRENT BUSINESS
TABLE 21.—NATURAL GAS
Customers
Year and month
Thousands
1929 monthly average.
1930 monthly average.
1931 monthly average.
Kevenue from sales to
consumers
Sales to consumers
IndusDomes- trial and
comtic
mercial
Total
May 1937
l
Total
Domestic
Industrial and
commercial
Total
IndusDomes- trial and
tic
commercial
Thousands of dollars
Millions of cubic feet
5. 655
6,073
6,143
5,317
5,707
5,705
337
365
436
82, 287
82, 210
75, 401
27, 695
28, 742
28,130
53, 618
52, 602
46, 464
31,065
31, 877
30, 241
18, 372
19, 548
19, 567
12, 497
12,145
10, 563
6,202
6,185
6,179
6,140
6, 099
6,054 |
5,975
5,970
6,003
6, 053
6, 099
6,057
5,742
5, 724
5,716
5,687
5,661
5, 629
5, 561
5,562
5,590
5,619
5, 644
5,604
458
459
461
451
436
423
412
406
411
431
453
452
91, 706
88, 467
84. 978
76, 588
63, 547
57, 067
49, 010
49,176
52, 249
58, 646
72, 767
86,473
41, 515
40, 562
38, 402
33, 066
23, 886
17, 502
13, 881
12, 864
13.913
18, 201
26, 554
37, 291
49, 345
47,184
45, 521
42, 591
39,109
39, 067
34, 632
35, 780
37, 953
39, 489
45,172
48,077
40, 051
39, 032
37, 369
32, 889
26, 338
21, 688
18, 464
17, 989
19,109
22, 367
28, 612
35, 502
27, 946
27, 248
25, 807
22, 586
17, 542
13, 669
11,372
10,787
11,417
13,894
18, 601
24, 320
11,963
11, 651
11, 368
10, 153
8,700
7,941
7,023
7,128
7,621
8,341
9, 857
11,018
Monthly average-
6,085
5,645 i
69, 223
26,470
41, 993
28, 284
18, 766
9, 397
January
February __
March
April
May
June
July
August—...
•September.
October....
November.
December—
5.970 |
5.971 IS
5,973 |i
5,937 j |
5,925
5.889
5,856 I!
5,874 11
5,934 !i
6,006
6,083
6,109
5, 524
5,526
5,524
5,497
5,499
5,486
5, 455
5, 475
5,533
5,588
5,633
5,650
445
444
447
438
425
402
399
397
399
416
448
457
88, 237
87, 636
79, 388
72,171
64, 696
58,510
56. 620
57, 479
59, 799
67,102
80, 333
87, 206
41. 485
38, 481
34, 913
28, 995
23, 226
16, 743
13,085
12, 252
13, 828
17, 040
25,188
32,147
45,970
48, 432
43,824
42, 519
40, 727
41,195
32, 976
44, 574
45,119
49, 407
54, 392
53, 966
38, 271
36, 670
33, 303
29,153
25, 362
21,472
19,185
18, 792
19, 904
23, 074
28, 532
33,107
27, 231
25, 503
23,142
19, 770
16, 777
13,194
10, 875
10,306
11,318
13,426
17, 641
21, 582
10, 895
11,032
10, 036
9,260
8,463
8,179
8,216
8,383
8,461
9, 548
10, 764
11, 344
5,961
5, 532
426
71, 598
24, 782
27, 235
17, 564
9, 548
6,081
6,116
6,134
6.121
6,133
6,118
6,089
6,112
6.162
6,227
6, 292
6,321
5,631
5,664
5,676
5,670
5,695
5,696
5,676
5,700
5,744
5,792
5,830
5,844
449
450
45G
449
436
420
412
410
416
433
460
475
94,959
97, 489
96, 516
86,008 |
74, 625
68, 690
63, 728
64, 603
67,911
73, 652
85, 716
99, 045
38, 307
38,127
37, 797
30,135
21,993
16, 645
13, 220
12, 379
14, 271
17, 636
24, 847
35, 092
55, 798
58. 314
57, 616
54, 951
51,641
51, 213
49, 560
51, 256
52, 682
55, 227
59, 996
62, 957
38, 052
37, 570
37,192
31, 824
26, 285
22, 845
20,161
19, 748
21, 228
23, 705
29, 072
36, 366
25, 713
24,827
24, 447
20, 271
15, 905
12, 930
10, 926
10, 378
11, 559
13,394
17,423
23,161
12,167
12, 550
12, 543
11,382
10, 214
9,777
9,074
9,220
9,517
10,180
11,506
13,035
6,159
5,718
439
81, 078
25, 037
55,101
28,671
17, 578
10,930
6,301
6.320
6, 349
6,338
6, 357
', 34;
6,330
6,346
6, 395
6, 468
6, 546
6,568
5, 826
5,846
5,871
5, 868
5, 894
5,901
5,895
5, 919
5, 964
6, 011
6, 058
6,070
472
472
476
468
461
445
434
426
430
455
486
496
105, 521
104, 459
96, 922
88, 960
82, 272
73, 567
67, 835
71, 020
74, 841
84, 502
99, 045
112,633
40,679
40,136
35, 658
29, 838
25, 712
19,988
14,711
13, 080
14, 775
19,380
27,919
37, 929
63, 803
63,190
60, 147
58,165
55, 529
52,415
52, 278
57, 022
59,181
63, 944
69, 874
73, 340
40,887
39,955
36, 896
32, 941
29, 546
25, 405
21, 973
21, 638
23, 055
26, 898
33, 426
40, 440
26,922
25, 982
23, 675
20, 472
18, 097
14,939
11, 893
10, 953
11,960
14, 536
19, 441
25,108
13, 808
13, 779
13,026
12, 305
11,281
10, 305
9,936
10, 545
10, 954
12, 191
13, 793
15,122
6,389
5,927
460
88,465
20, 651
60, 741
31, 088
18, 665
12, 254
6, 511
6,529
6, 562
6 556
6. 562
6 538
6, 530
f r)6 •>
fi, 610
6 690
6 784
6,805
6,017
6, 037
6,066
6, 007
6, 085
6, 087
6, 093
6,120
6,162
6,208
6, 268
6,282
492
491
494
487
474
449
442
444
446
480
514
521
122,954
135, 296
113,121
105, 534
92, 001
84, 385
82,166
84, 735
87, 869
95,107
112,410
125, 409
45, 648
52, 327
40, 764
33,266
24,720
17, 592
14, 348
13, 256
13,980
19,105
30, 403
40, 988
76, 259
81, 582
70, 967
70, 760
65, 935
65, 805
67, 007
70, 271
72, 637
74,956
80, 938
83, 016
46,183
50,124
41,395
36,982
30, 481
25, 840
23, 857
23, 722
24, 667
28, 645
36, 827
43, 926
29, 714
32, 482
26, 258
22, 342
17, 462
13, 501
11,597
10, 992
11, 456
14, 330
20, 501
26, 328
16, 299
17,402
14, 918
14,417
12, 833
12, 210
12,132
12, 570
13, 047
14,172
16. 165
17, 389
6,604
6,124
103, 416
28, 866
73, 344
34, 387
19, 747
14,463
1932
January
February. _,
March
April
May
June
July
August
September.
October
November.
December..
Monthly average_
1934
January
February..
March
April
May
June
July
August
September .
October
November .
December. .
Monthly average..
1935
January
February..
March
April
May
June
July
August
SeptemberOctober
November.
December,.
Monthlv average
January _ _
February
March
April . . . .
May
June
July
September
October
November
December
Monthly average
1
_ _
_.
1936
Compiled by the American Gas Association. These data, representing practically complete coverage of the industries, supersede those shown in all previous issues of the
SURVEY. The revisions resulted from the reclassification of gas companies according to the kind of gas they were distributing at the beginning of 1936. For example, data for
former distributors of manufactured gas who changed to the distribution of natural gas have been excluded from the manufactured-gasfiguresfor all years and have been included with those for natural gas. Note that when the monthly revisions for 1935 and earlier years were given (see the June and August 1936 issues, pp. 20 and 14, respectively,
also pp. 86 and 87 of the 1938 Supplement), data prior to 1935 covered companies classified according to the kind of gas they were distributing at the beginning of 1934, and not
at the beginning of the latest year shown, which is the method followed in compiling the above figures. Data for companies selling mixed manufactured and natural gas are
included with those for manufactured gas. Figures for natural gas do not include natural gas used in field operations and in the manufacture of carbon black, or gas used by
distributing companies in the conduct of their gas operations. Natural gas used for house heating is included with that used for domestic purposes. For 1937 figures, covering
data for companies classified according to the kind of gas they were distributing at the beginning of 1937, see p. 41 of this issue of the SURVEY.
21
SURVEY OF CURRENT BUSINESS
May 1937
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
1936
1937
1935
Apr. A p r . A p r . Apr. Mar.
24.
17 10
3
Business activity:
New York Times*
Business Week*
76.9
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)
87.5
92.7
Farm products (67)
85.0
Food (122)
86.2
Allother (595)
Fisher's index, 1926=100:
Combined index (120)
_. 93.8
Copper, electrolytic!
108. 0
Cotton, middling, spot
50.
Construction contractst
Distribution: Carloadings
Employment: Detroit, factory.
Finance'
Failures, commercial
Security prices*
Bond pricesj
Stock pricesj
1937
Finance—Continued.
Banking:
Debits, outside T\. Y. C
104.0 96.0
Federal Reserve reporting
member banks:
Loans, total
75.2 75.2
Interest rates:
Call loans*
24.
Time loanst
28. 6 28.6
Money in circulation*
131.7
Production:
Automobiles..
.174.5 164.5
Bituminous CCHIJ
63.6 61.1
134.1
Cotton consumptionf
Electric powerf
j 131. 3 130.4
Lumber
} 57. 7 55.3
Petroleum
167.8 166.3
Steel ingots§
151.1 151.1
Receipts, primary markets:
Cattle and calves
73. 5 66.0
Hogs
42. 44.0
Cotton
41. 55. 8
Wheat
.
21.0 23. 8
107. 106.3 105.9
96.6 95.4 82.4 85.6
77.6 78.2 79.8 79.1 72.3 72.1 61.1 62.8
87.
92.4
85.3
86.5
87.9
87.8 79.6
93.5 96.0 94.7 77.8
8G. 1 87.9 87.5 80.4
85.3 86.1 85.8 79.0
80.3
81.7
85.4
77.5
79.7
77.4
81.1
79.1
80.3
81.8
85.3
77.3
94.3 94.
94.7 94.4 82.5 82.6 81.8 81.5
110. 9 118.;.8 117.4 L15. 9 67.4 65.2 63.8 63.8
50. 53.7 55.1 53.7 43.4 43.0
67.1
79.4
57.8
78.4
127.4
46.9
46.4
63.1
69.0 52.4 27.7 32. G
75.8 79.4 69.5 67.0 58.3 63.7
87,3
104. 2 110.8
46.7
45.5 46.4 47.4
1936
1935
A p r . Apr. A p r . A p r . Mar. Apr. Apr, Apr. Apr.
27
20
24
17 10
3
27
18
Apr. A p r .
27
20
62.2
101.2 126.1 104.3 87.1 100. 8 73.4
75.0 74.9
24.
28.
131.
66.7
82 L
64. 7
64. J
9.7
24.2
8.9
28.6 22.9
131.5 131. 4 121.0 121.4 112.9 113.6
130. 0 125. 6 132.4
56.0 .0.0 110.2
135. 0 132. 7 132. 2
130. 6 128.9 132.1
55.3 50.5
164. 3 164. 7
151.1 149. 5 147. 8
71.2
39.4
52.7
28.7 30.7
65.3
42.7
39.2
158.0 157.1 145.4 144.5
47. 57.6
69.8
103. 3 104.3 81. 7] 84.0
116.0 114.9 100.4 102.2
49. 6 38.8i 37. &
140.8 140.9 122.9' 124.3
78.0
118.9 117.2
76.41
64. 73.9 74.5 73. ll
37.7 35.3i
37.
59.6 37.7 31.5 20 2
29*0
17.4
113. 5 113.0 112.6 113.7 113.7 113.5
106. 0
137.3 136. 9 135. 7
133.1 123. 2 127. 6 90.4
* Computed normal = 100.
•Data do not cover calendar weeks in all cases.
JDaily average.
fWe^kly average, 1923-30 = 100.
§Based on daily average production rather than percent of capacity since the beginning of 1935.
^Seasonally adjusted.
71.5
33.1
23. ?,
16. 9
WEEKLY BUSINESS STATISTICS •
1936
1937
April
24
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb_
Cotton, middling, spot, New York
do
Food index (Bradstreet's)
do
Iron and steel composite
dol. per ton..
Wheat, No. 2, Hard Winter (K. C.)
dol. per bu_.
FINANCE
Banking:
Debits, New; York City
mills, of dol.
Debits, outside of New York City
do
Federal Reserve banks:
Reserve bank credit, total
do.__.
Bills bought
do
Bills discounted
do
U. S. Government securities
do
Member bank reserve balances
do
Excess reserves, estimated
do
Federal Reserve reporting member banks:
Deposits, net demand, adjusted
do
Deposits, time
do___
Investments, total
do.__
U. S. Government direct obligations
do
Obligations fully guaranteed by U. S. Government
mills, of dol.
Loans, total
do.__
On securities
do...
All other
do...
Interest rates, call loans
percent .
Interest rates, time loans
do.__
Exchange rates:
French franc (daily av.)
cents.
Pound sterling (daily av.)
dollars.
Failures, commercial
number.
Money in circulation
mills, of dol.
Security markets:
Bonds sales (N. Y. S. I?.) ..thous. of dol. par value.
Bond prices, 40 corporate issues
dollars.
Stock sales (N. Y. S. E.)
thous. of shares.
Stock prices (N. Y. Times)
dol. per share.
Stock prices (Standard Statistics) (419)
1926=--100
Industrial (347)
do...
Public utilities (40)
do
Railroads (32)
do___
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Cram's estimate)
number.
Bituminous coal (daily av.)
thous. of short tons.
Electric power
mills, of kw-hr.
Petroleum
thous. of bbl.
Steel ingots (Dow-Jones est.)
pet. of capacity.
Construction-contract awards (da. av.)__thous.of doL.
Distribution:
Freight-car loadings, total
cars..
Coal and coke
.
do
Forest products
do
Grain and products
do___
Livestock
do...
Merchandise, 1. c. 1
do
Ore
_
do...
Miscellaneous
.
do...
Receipts:
Cattle and calves
thousands.
Hogs
do___
Cotton into sight
thous. of bales.
Wheat at primary markets
thous. of bu_
•Data do not cover calendar weeks in all cases.
April
17
April
10
April
3
March ! March
20
[
0.160
. 146
3. 01
40.13
1.41
April
25
April
27
3, 667
3,241
2,430
4,719
2,264
3,571
3, 828
2,470
5
7
2,431
4, 501
2,095
13,996
4,958
13,426
8,796
12,158
4, 940
11,787
7,912
11,989
4,930
11,840
7,963
12,907
4,954
9,887
6, 678
L00
1, 267
8, 370
3, 294
5, 076
.75
1.00
784
8, 096
3,173
4,923
.25
.25
788
8,088
3,131
4,957
.40
.39
8,615
3,696
4,919
1.00
1.00
6.586
4.94
193
5,874
6.592
4.94
174
5,895
6.598
4.83
241
6.593
4.85
245
5,517
6. 650
5.14
262
5, 346
107,310
102. 29
10. 365
137.11
129. 5
151.8
105.0
64.5
52, 360
101. 67
8, 995
119.62
106.3
122.3
99.4
47.5
57,110
102.16
7.824
123. 92
109.3
125.7
101.7
49.8
73,970
95.19
7, 686
87.78
70.2
81.6
62.9
30.9
47, 680
94.88
4,401
85. 64
68.1
79.9
58. 8
29.4
81, 200
94.99
6,393
92.13
79.4
87.9
76. 9
48.0
101,046
1,876
2, 200
3,431
90
99, 450
1, 854
2,211
3,448
89
7,509
120, 519
1,186
1,933
2,933
72
11,086
119, 834
1,137
1,915
2, 935
71
8,410
110, 970
805
1, 673
2,561
46
4,449
110, 235
981
1,702
2, 590
47
5,228
95, 336
1,056
1,669
2,450
55
4,444
726, 687
129,177
38, 609
32, 271
10, 806
174,070
12, 880
328,874
761,109
183.150
38,173
28, 245
10, 821
170, 216
12, 014
318, 490
759, 269
184, 275
37, 387
29, 481
11, 782
171,357
10, 945
314, 042
e,65, 959
131,614
32,205
33,106
14,032
160,803
11,098
283,091
642, 278
116,627
31, 537
30,180
12, 972
161, 603
9,569
279, 790
558, 936
88, 850
26, 824
26, 991
13, 931
158, 920
12,817
230, 603
611,141
121,772
26, 267
29,426
12, 500
159,815
11,829
249, 532
609,704
122, 269
25, 028
26,514
18, 470
165, 436
9,414
242,573
225
256
137
2,440
204
245
155
1,385
230
286
124
1,941
235
245
82
231
229
226
215
60
1,341
245
486
0.090
.117
2.64
33.09
1.04
0.088
.123
2.68
4,920
4, 836
2,463
3
8
2, 430
6, 578
1, 269
5,127
5,045
4,092
4,038
3,916
3,895
3,102
3,402
2,450
3
4
2,430
6,830
1,449
2,475
5
5
2,430
5,442
2,635
2,477
2,452
2, 430
5,333
2,548
15,336
5, 129
13,213
8, 696
15, 541
5,128
13,361
8,828
14,189
4, 985
13, 451
8, 805
1,205
9,347
3, 367
5,980
1. 00
1.25
1,213
9, 337
3,368
5,969
1.00
1.25
1,277
8,332
3,282
5,050
4.600
4.89
185
6,387
4, 593
4.88
189
6,381
4.590
4.89
193
6,393
67, 520
100. 85
8,651
131. 78
121. 5
142.6
100.0
58.2
79, 020
101.79
7, 245
135.03
127. 6
150. 3
102. 5
61.6
73, 610
101.85
6,831
134.11
126. 0
147.9
102. 8
61.0
125, 472
1,041
2,173
3,464
92
9,283
99,196
953
2,176
3,426
92
95, 827
1, 363
2,147
3, 422
91
10,134
761,182
129, 519
37. 015
28, 217
14, 754
169, 829
54, 696
327,152
751, 328
130, 062
36, 532
29, 583
13, 075
173,188
35, 918
332, 970
716,044
126, 827
35, 953
29, 645
11, 589
173, 385
17, 448
321,197
232
277
108
1, 670
209
286
206
277
102
2,283
0.164
.146
2.94
40.55
1.44
0.162
.150
2.99
40.19
1.41
3,835
4,826
4,524
4, 690
3,813
2,523
3
8
2,487
6,877
1,587
15, 333
5,146
12, 866
8,439
3,715
4,448
2,528
4
11
2,487
6,901
1,627
15, 249
5,133
12, 899
8,457
15,160
5,144
12, 983
8, 520
1,178
9,402
3,316
6.086
1.00
1.25
1,183
9,394
3,309
6,085
1. 00
1.25
1,189
9,373
3,327
6,046
1.00
1.25
12
2, 430
6, 639
1,398
15,126
5,144
12, 907
8,396
1,199
9, 366
3, 356
6,010
1.00
1.25
4.446
4.93
4. 464
4.92
189
6,399
4.556
4.90
190
6, 396
64. 560
101.60
6,384
133.31
124.9
147.1
99.9
60.8
61,400
133,164
1,083
2,188
3,496
92
10, 774
6,397
101.17
6, 655
132. 95
124.1
146. 0
100. 3
59.8
145
1,893
April
0.083
.112
2.11
33. 09
.70
0.093
.118
2.59
33. 08
1.06
0.153
.138
2.89
40.47
1.36
191
April
20
0.088
.119
2.71
32. 31
1.07
0.160
.145
3.01
40.10
1.37
0.149
.138
2.89
40.36
1.37
2,493
3
8
2,459
6,684
1,442
1934
1935
April
18
4,876
2,458 |
234
275
98
1,985
1,725
32.30
1.05
2,305 I
2, 486
10
40
2,430
3,744
1,691
124
1,695
22
SURVEY OF CURRENT BUSINESS
May 1937
Monthly Business Statistics
The following table represents a continuation of the statistical series published in the 1936 Supplement to
the Survey of Current Business. That volume contains monthly data for the years 1932 to 1935, inclusive, and
monthly averages for earlier years back to 1913 insofar as available; it also provides information as to the sources
of the data and sufficient descriptive material for a proper interpretation of each series. These notes also indicate
the source from which monthly figures prior to 1932 may be obtained. It is essential that all users of the SURVEY
have this base book which may be secured from the Superintendent of Documents, Government Printing Office,
Washington, D. C , for 35 cents per copy.
A few series have been added or revised since the 1936 Supplement went to press. These are indicated by
an asterisk (*) for the added series and by a dagger (f) for the revised series. A brief footnote accompanying
each of these series provides a reference to the source where the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variation. Data subsequent to March will be found in the Weekly Supplement to the SURVEY.
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey.
1937
1938
March
April
May
June
DecemOctober NovemI August September
ber
ber
July
January
February
BUSINESS INDEXES
!
BUSINESS ACTIVITY (Annalist)
Combined index
computed normal = 100..
106. 9
105.1
Automobile production
_.
do
Boot and shoe production!-do
""ioo.T
Car loadings, freight...
do
Cement production
do
145. 8
Cotton consumption
do
106. 9
Electric power production .
do
Lead production
.
do- __ 88.8
Lumb°r production
do
81 1
110.9
Pig iron production _
» do
112.0
Rayon consumption
do
71.4
Silk consuniDtion
do
104. 3
Steel ingot production
_
.
do ._
Wool consumption
do
92.3
Zinc production
„ «.
do
INDUSTRIAL PRODUCTION
{Federal Reserve)
Combined index, unadjusted
1923-25=100..
Manufactures, unadjusted
do
Automobiles. - do
Cement. . do
Food uroducts
do
Glass, plate.
do __
Iron and steel
do
Leather and productst_
..
do
Petroleum r^finin^
clo
Rubber tires and tubes
do_ Textiles -_ ._
do
Tobacco manufactures.
do
Minerals, unadjustedt
<io
Anthracite t
_ _
do
Bituminous coal
do
Iron-ore shipments
do
Lead
do
Petroleum, crude-.
do
Silver
do
Zinc
do
Combined index, adjusted
do
Manufactures, adjusted
..__do--_
Automobiles.
._
do
Cement
do
Food products, . _.
do
Glass, plate--.
do
Iron and steel
do
Leather and nroductst
-clo
Petroleum refining
rlo
Rubber tires and tubes-_._
- do
Textiles
Tobacco manufactures
Minerals, adjustedt
Anthracite f_
Bituminous coal _
Iron-ore shipments
Lead
_
Petroleum, crude
.
Silver
Zinc
do
do
<^o
do
do
do
do
do
do
do....
p 122
140
67
91
241
142
113
121
93
92
229
127
i- 132
v 128
153
p 127
v 81
v 110
75
v 173
107
110. 5
115.7
162.4
101.3
80.3
151.0
105.3
94.4
80.7
121.2
133.5
88.6
121.9
169. 6
'83.9
104.8
103.1
' 154. 6
95.1
80.1
133.9
107. 0
85.0
68.0
119.8
106.1
78.5
109.9
111.8
71.6
r 105. 7
r 116.8
142.0
103.1
r 75. 1
139.6
105.9
81.4
71.0
' 115.3
98.7
76.0
102 5
110.0
' 73. 3
105
105
128
91
106
106
82
100
108
107
42
101
m
110
65
99
115
115
127
90
114
114
147
71
112
113
117
118
90
198
111
113
182
124
87
226
118
128
186
119
90
236
118
130
189
122
95
242
124
123
192
118
104
164
127
112
189
126
101
89
126
114
192
123
91
77
134
126
189
123
113
120
118
126
132
72
164
68
147
85
97
108
109
124
75
92
75
177
58
152
88
93
108
110
111
77
91
87
178
57
150
106
93
109
110
107
81
90
94
167
73
153
118
98
110
111
93
87
93
96
97
124
42
104
105
149
70
104
105
134
93
85
235
111
110
178
113
105
105
142
88
82
231
114
104
179
121
87
196
113
99
181
130
103
100
101
161
101
62
167
102
57
158
104
51
Pjfi. 8
rlO2~
132
v 118
v 117
107.1
100.6
138.1
102.8
82.3
129.2
104.7
86.1
74.5
117. 2
121.9
82.8
121.6
127.2
'84.0
70.2
107 2
74 0
68.0
96 3
v 132
146
p 118
v 171
103.3
96.3
148-4
97.2
75.7
124. 3
104.1
78.3
86.6
114.1
107.3
79.2
112.4
98.2
84.2
97.6
112. 5
108.1
92.3
62.9
118.8
89.7
84.7
82 7
91.3
129.8
70.3
97.0
108.4
88.0
v 130
77
102.9
91.7
132.5
94.7
69.9
137. 2
104.9
70.9
87 7
107.5
100,3
87.2
108.9
112.1
81.1
95.9
112.6
115. 0
93.1
66.2
105.4
100.0
82.6
82 8
85.7
104 5
68.8
91. 3
89 3
84.3
86
194
94
112
168
85
v 110
102.5
107.3
128.1
93.0
71.8
133.3
104. 9
71.3
86 6
100.0
126 7
83.2
108.9
112.1
83.4
94.1
117.6
114.8
91.0
63.3
112.4
68.3
79.7
75 3
80.8
105 3
70.2
95.6
86 2
81.7
89.5
109.9
119.9
87.4
52 8
107 6
96.2
71.5
DO
44
140
95
72
147
101
77
102.4
118.9
129. 2
95.1
64.2
141.5
102.1
87.3 I
84 6
95.5
145.4
77.2
100.3
112.9
89.8
107
173
110
58
157
115
67
120
120
51
86
244
136
' 135
194
130
134
153
115
71
149
111
72
150
105
61
106
93
77
150
106
100
114
115
105
91
98
103
93
153
r 111
54
' 103
81
156
114
100
121
121
122
91
99
77
158
100
85
114
115
120
86
89
71
71
60
145
99
90
93
93
107
58
87
69
150
97
95
101
100
122
72
90
67
120
73
150
88
95
101
101
117
74
84
66
157
70
149
101
99
104
105
118
75
88
213
100
220
105
218
113
220
119
226
121
236
119
242
127
164
138
89
143
108
168
85
112
178
113
113
180
121
103
181
130
114
183
124
115
186
119
112
189
122
112
191
118
116
188
126
134
191
123
139
136
189
123
100
140
97
54
71
100
152
106
69
84
100
145
102
77
76
107
147
100
72
74
116
154
101
69
79
120
147
99
51
76
120
157
102
58
82
114
146
105
52
86
121
150
112
69
95
139
183
117
73
97
124
165
109
56
S3
r 115
59
146
90
85
70
150
96
91
80
69
81
71
87
60
146
103
103
144
101
104
149
88
100
93
60
80
161
113
98
76
164
99
••168
80
'83
184
83
80
75
149
91
94
146
111
98
98
71
152
119
101
110
74
152
99
100
79
r 165
102
89
116
116
120
'86
87
244
129
r 133
194
126
1G8
50
'98
70
r
v Preliminary.
Revised.
t Data revised for 1936. For revisions of the Annalist index, boot and shoe production, Federal Reserve indexes, leather and leather products, unadjusted and adjusted
combined index of minerals, unadjusted and adjusted, anthracite, unadjusted and adjusted, see p. 22 of the March 1936 issue.
23
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey.
1937
1936
March
April
May
June
July
Decem- January FebruOctober NovemAugust Septemary
ber
ber
ber
BUSINESS INDEXES—Continued
MARKETINGS
Agricultural
products, combined
index
(quantity).
1923-25=100-.
Animal products.
do
Dairy products—
do
Livestock
do
Poultry and eggs
do
Wool
.do....
Crops...
do
Cotton
do
Fruits
_
do
Grains
_
..do
Vegetables
do
Agricultural products, cash income from farm
marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100..
Adjusted,
do
Crops, adjusted
do
Livestock and products, adjusted
do
Dairy products, adjusted
do
Meat animals, adjusted..
do
Poultry and eggs, adjusted
do
COMMODITY STOCKS
Domestic stocks, combined index (quantity)
1923-25=* 100..
Manufactured goods
do
Chemicals and allied products
do
Food products
do
Forest products
do
Paper, newsprint
do
Rubber products
do
Raw materials
do
Chemicals and allied products
do
Foodstuffs
do
Metals
do
Textile materials..
do
World stocks of foodstuffs and raw materials
combined index (quantity)t~1923-25=100-_
Coffee, adjustedf
do
Cotton, adjusted f do
Rubber, adjusted |
do
Silk, adjusted t
do
Sugar, adjusted t
do
Ten. adjusted f
do
Tin, unadjusted t
do
Wheat, adjusted t
do !.
106
66
79
87
69
106
58
54
58
74
29
67
77
95
65
108
37
56
41
72
51
65
80
98
64
120
46
50
35
79
43
84
68
84
114
60
128
164
51
31
82
48
94
74
94
142
66
114
380
53
25
64
63
99
89
90
113
70
89
485
88
16
87
172
66
80
81
94
75
80
152
78
71
78
93
57
110
80
90
80
72
99
140
259
89
47
95
127
89
96
93
73
91
165
304
104
58
112
95
82
91
115
117
116
200
78
54
77
83
89
80
82
120
46
77
106
71
49
72
66
74
76
73
81
39
57
57
78
42
79
56
62
75
59
67
18
51
54
68
31
80
70.5
81.5
74.5
88.5
90.5
89.5
85. 5
59.5
67.5
55.5
80.0
84.5
79,5
79.5
58.5
69.5
56.5
83.0
83.5
87.0
75.0
64.0
72.5
67.0
78.5
79.0
77.0
80.5
69.5
80.0
77.0
83.0
77.0
84.0
86.5
84.0
88.0
89.5
86.0
81.5
88.5
86.5
75.0
74.5
61.5
87.5
87.0
89.5
89.0
89.0
77.5
65.0
90.0
91.0
92.5
81.0
104.0
76.0
60.0
93.0
94.0
95.5
77.5
88.5
77.5
61.5
94.0
91.5
99.0
80.5
86.0
78.5
64.5
92.5
91.5
100.5
77.5
75.5
75.0
63.5
87.0
89.5
89.0
78.5
59.5
70.5
63.0
78.5
84.5
'83.0
59.5
109
108
155
103
111
73
120
120
77
83
85
174
115
104
133
62
109
70
115
123
81
96
84
194
109
102
128
62
108
65
115
115
76
93
72
177
106
102
125
66
107
61
115
108
73
95
73
156
103
105
119
78
111
80
112
102
71
94
84
137
104
100
118
85
113
76
114
106
69
120
83
119
109
102
122
88
114
82
114
113
75
128
93
126
121
101
125
86
112
67
120
136
95
128
96
181
131
101
123
90
'112.2
63
120
153
107
132
106
220
134
102
121
99
113
61
120
158
110
127
1G3
240
132
106
131
112
116
55
121
150
104
118
107
232
126
108
143
113
111
71
122
139
93
111
101
214
119
108
' 153
109
110
61
122
127
r84
103
89
195
••203
*• 1 9 8
'405
«• 1 6 4
'317
r 217
'215
'140
r 395
r 165
'312
'213
'203
'148
' 64
' 145
' 193
M09
rl61
'295
'207
'199
' 146
r 186
••423
' 157
' 185
'438
* 154
p
282
' 194
' 183
436
155
272
196
166
140
'73
133
'191
485
- 182
268
187
157
140
'65
130
' 191
• 499
'179
'264
'183
' 172
' 136
' 69
' 122
'195
521
180
256
1S7
183
135
'93
119
' 191
r 527
174
'251
196
177
124
100
p
116
' 187
474
176
242
188
173
116
101
120
184
434
174
237
188
182
107
95
118
85.7
73.8
84.6
86.2
80.8
94.9
85.8
74. 0
84.3
86.5
81.4
95.1
86.1
74.1
84.7
86.6
81.8
95.3
86.9
74.3
86.4
86.4
82.2
95.8
87.2
75.0
86.3
86.5
82.8
96.1
121
120
126
131
127
104
125
104
128
120
131
133
141
103
126
97
127
118
104
133
133
105
127
93
134
122
99
168
110
107
128
105
143
128
115
182
127
101
108
126
127
146
126
143
147
84.5
405
163
244
189
97
<• 1 7 7
'139
' 66
r
131
COMMODITY PRICES
COST OF^LIVING
(National Industrial Conference Board)
Combined indexes
1923 = 100..
Clothing . . . __
do
Food
do
Fuel and light
do
Housing
do
Sundries
do
PRICES RECEIVED BY FARMERS
(U. S. Department of Agriculture) §
Combined index
. 1909-14=100
Chickens and eggs _
do
Cotton and cottonseed__ _
do ._
Dairy products _ _
. _
do
Fruits.
do._.
Grains. .
.
do
Meat animals
do
Truck crops
do
Miscellaneous
do
RETAIL PRICES
U. S Department of Labor indexes:
Coall...
_
1913-100
Food f
19(23-25=100-Fairchild's index:
Combined index.
Dec. 1930=100.Apparel:
Infants' wear
.do
Men's
do
Women's.
do
Home furnishings
_„
do
Piece goods
do
87.9
75 9
87 2
86.1
84.2
96. 4
83.2
74 0
81 0
87.1
74.7
94.4
198
102
116
125
I 33
140
104
99
93
118
94
92
122
77
91
85.4
79.5
•7Q
I'M
94.5
95.3
89.4
93.0
94.7
88.2
83.8
73 6
81 7
84.7
77.1
94.4
85.1
73 3
85 6
84.5
77.6
94.3
85.2
73 0
85 8
84.7
78.1
94.4
85.6
73 2
85 8
85.0
79.3
94.5
85.9
73.6
86 1
85.6
80.3
94.5
107
106
135
87
120
99
120
115
106
105
116
117
109
119
115
131
124
112
103
125
108
129
123
134
152
124
119
114
89
89
125
107
94
103
101
96
106
103
88
118
105
97
106
128
105
130
123
153
141
164
79.7
79.9
83.8
157
84.0
84.0
84.3
82.8
82.5
82.9
84.6
90.8
91.7
93.0
93.7
94.6
87.9
91 0
90.9
85.7
94.9
88.1
91.4
91.8
86.1
94.9
88.4
92 2
93.1
87.0
95.1
89.0
92.5
94.0
87.6
83.4
73 8
81 0
86.7
75.9
94.4
105
97
96
88.1
88.1
92.9
92.8
87 4
89 8
89.2
84.5
89 5
89.2
84.5
103
96
88.1
87.9
88.1
88.5
89.3
90.0
92.8
87 5
89 9
89.3
84.6
92.6
87.4
90 2
89.2
84.9
92.6
87.5
90 4
89.4
85.0
94.4
87 6
90 4
89.4
85.2
94.5
87. 7
90 7
89.9
85.4
94.5
87.8
90.9
90.3
85.6
WHOLESALE PRICES
U. S. Department of Labor indexes:
87.8
84.2
85.9
86.3
81.5
Combined index (784)...
1926=100
82.4
80.5
81.6
79.2
78.6
81.6
79.7
79.6
Economic classes:
86.4
85.4
84.9
Finished products
do
82.0
83.8
82.3
82.6
81.6
82.4
81.6
80.7
81.3
80.5
90.1
88.1
82.1
88.3
Raw materials
do
85.6
81 8
79 8
83 1
81 5
77 4
77 6
77 0
75 8
89.6
85.4
85.5
76.2
Semimanufactures
do
75.2
82.3
75.6
75.9
78.6
74.4
74.5
74.1
73.9
'Revised.
1 Not available subsequent to July 1936. A new index, based on weighted average prices, rather than unweighted prices as in the present series, will be shown in a
subsequent issue.
§ Data for Apr. 15, 1937: Total 130, chickens and eggs 104, cotton and cottonseed 117, dairy products 120, fruits 142, grains 154, meat animals 130, truck crops 127, miscellaneous 139.
f Revised Series. Retail food prices, for monthly data for period, 1923-36 see table 9, p. 20 of the February 1937 issue. World stocks of foodstuffs and raw materials revised for period 1920-37. For revisions see table 19. pp. 17 and 18, of this issue.
24
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
SURVEY OF CURRENT BUSINESS
May 1937
1936
1937
March
March
April
May
1 June
July
1937
DecemAugust SeptemOctober November
ber
ber
January
February
COMMODITY PRICES—Continued
WHOLESALE PRICES—Continued
CJ. S. Department of Labor indexes—Con.
Farm products
___,
1926 = 100..
Grains
do
Livestock and poultry
do
Foods
„
do
Dairy products
_
do
Fruits and vegetables
do
Meats
.
do
Commodities other than farm products and
foods
1926=100-.
Building materials..
__.
do
Brick and tile
..do
Cement
do
Lumber
do
Chemicals and drugs.
do
Chemicals..
do
Drugs and Pharmaceuticals
do
Fertilizer materials
...do
Fuel and lighting
...do
Electricity
do
Gas...,.
do
Petroleum products
do
Hides and leather
do
Boots and shoes..
do
Hides and skins—
do
Leather
do
House-furnishing goods
do
Furniture--.
do
Furnishings
_
do
Metals and metal products
do
Iron and steel
do
Metals, nonferrous
do
Plumbing and heating equipment
1926=100._
Textile products
do
Clothing
do
Cotton goods
^
do
Knit goods
_
.do
Silk and rayon
do
Woolen and worsted goods
do
Miscellaneous.-^
do
Automobile tires and tubes
do
Paper and pulp
do
Other wholesale price indexes:
Bradstreet's (96)
do
Dun's (300)
do
World prices, foodstuffs and raw materials,
combined index
1923-25=100..
Coffee
.do
Cotton
.do
Rubber
do
Silk..
do....
Sugar
_.
do
Tea
_,.do
Tin...
__
do
Wheat
do-.__
Wholesale prices, actual. (See under respective commodities.)
PURCHASING POWER OF THE
DOLLAR
Wholesale prices
1923-25 = 100..
Retail food pricesf
do
Prices received by farmers..
_
_do
Cost of livingf
do
94.1
113.2
93.7
87.5
90.2
86.5
92-0
76.5
75.6
88.3
80.1
80.3
65.1
89.7
76.9
73.9
88.3
80.2
78.8
67.8
91.0
75.2
70.6
82.5
78.0
75.0
72.3
85.1
78.1
73.0
83.2
79.9
77.6
82.0
85.1
81.3
88.9
82.0
81.4
83.8
79.7
84.9
83.8
102.4
84.5
83.1
87.6
76.1
86.4
84.0
102.0
83.8
83.3
89.5
71.5
87.3
84.0
102.1
81.2
82.6
87.4
73.8
84.4
85.1
102.9
79.7
83.9
88.2
74.8
85.2
88.5
109.0
85.0
85.5
88.9
75.4
87.2
91 3
113.0
91.4
87.1
88.9
82.4
90.6
91.4
111.5
89.9
87.0
88.7
87.8
90.3
85.5
95.9
91.8
95.5
102.1
87.5
95.3
83.0
70.3
76.2
78.9
85.7
89.0
95.5
83.2
78.5
85.5
73.2
64.6
76.4
82.8
84.8
57.9
94.6
100.3
90.1
84.5
81.5
78.0
85.0
86.6
86.3
70.4
78.8
85.8
88.8
95.5
83.0
77.7
84.1
73.2
64.7
76.0
84.2
87.3
58.2
94.0
100.2
87.3
84.4
81.5
77.9
85.0
86.3
86.3
70.7
78.8
85.8
89.2
95.5
82.1
78.0
84.3
73.2
64.0
76.1
83.4
88.0
57.7
93.8
99.7
89.0
83.2
81.4
77.6
85.2
86.2
86.3
70.0
79.5
86.7
89.2
95.5
83.7
79.4
85.9
73.0
65.2
76.2
83.4
87.9
58.1
93.4
99.3
87.8
83.0
81.2
77.2
85.1
86.9
87.6
70.4
79.7
86.9
89.1
95.5
83.8
79.8
86.2
73.3
66.7
76.3
82.5
86.1
57.9
93.6
99.3
90.0
82.4
81.4
77.8
85.2
87.1
87.9
70.8
79.6
87.1
89.0
95.5
84.9
81.7
88.6
75.3
67.6
76.1
83.2
87.2
57.5
94.6
99.3
93.3
84.2
81.7
78.0
85.4
86.8
88.1
71.4
80.1
87.3
88.3
95.5
86.1
82.2
89.0
76.5
67.4
76.8
82.8
86.0
57.9
95.6
99.3
97.2
85.4
82.0
78.3
85.6
86.9
88.8
71.7
81.0
87.7
88.8
95.5
86.6
82.5
89.2
77.9
68.0
76.8
82.7
81.9
58.1
97.0
99.3
101.2
88.4
82.3
78.8
85.7
87.9
88.9
75.4
82.2
89.5
88.5
95.5
89. 6
85.3
93.3
77.4
68.6
76.5
82.7
83. 1
58.0
99.7
99.4
110.4
92.6
83.2
79.4
86.9
89.6
90.9
78.6
83.4
91.3
89.7
95.5
93.0
87.7
96.4
79.0
70.6
76.6
81.0
82.2
58.3
101.7
99.7
116.0
94.3
86. 5
84.0
89.0
90.9
91.7
84.1
93.3
91.0
95.5
99.0
87.8
95.6
83.0
70.7
76.8
58.6
104.2
102.3
118. 5
97.1
88.4
85.0
91.7
96.0
97.5
101.1
78.9
85.3
88.9
95.5
82.6
79.3
85.9
73.0
64.8
76.2
84.4
84.4
56.0
94.9
100.4
91.0
85.0
81.4
77.9
84.9
86.6
86.3
69.9
77.6
78.3
84.8
94.0
64.9
33.6
92.6
79.5
55. 0
90.2
73.8
70.8
80.7
77.1
62.1
30.9
83.8
68.3
45.0
80.3
73.8
70.2
80.8
76.2
62.0
30.1
82.2
68.6
45.0
80.5
73.8
69.8
81.1
75.5
60.6
29.1
82.2
69.2
47.5
80.5
73.8
69.7
80.9
75.4
60.3
29.3
82.6
69,7
47.5
80.6
76.5
70.5
80.7
78.7
59.3
30.7
82.0
71.0
47.5
80.6
76.5
70.9
80.8
79.5
60.3
31.6
81.2
71.5
47.5
80.6
76.5
70.9
80.8
80.0
60.8
30.2
80.9
71.3
47.5
80.7
76.6
71.6
81.2
82.0
61.1
31.1
80.5
71.5
47.5
80.8
76.7
73.5
81.5
85.5
61.2
33.4
84.3
73.4
50.1
81.5
76.7
76.3
83.1
90.3
63.0
33.8
90.5
74.5
50. 1
82.9
77.1
77.5
83.9
91.9
64.4
34.5
91.9
76. 2
51.8
84.8
77.4
77.5
84.2
91.3
64.7
33.7
93.1
77.3
53.1
87. 5
91.4
109.0
76.3
92.1
76.0
92.0
75.4
ftl.3
76.3
94.5
78.5
86.4
78.9
96.8
79.5
97.1
79.1
97.8
83.5
102.3
86.2
109.5
86.9
107.7
87.8
108.8
64.2
55.4
53.3
56.4
28.1
64.6
78.0
124.8
86.5
51.3
44.5
41.9
37.2
24.2
65.8
70.1
95.5
58.7
52.1
43.0
43.0
37.4
23.5
71.0
70.9
93.4
56.6
51.3
42.5
43.0
36.5
22.4
70.3
68.0
92.1
55.2
54.7
43.5
44.1
37.1
22.3
71.1
64.1
84.0
54.6
54.8
46.0
48.5
38.6
23.9
69.8
64.8
85.5
63.5
55.9
47.9
45.2
38.2
25.0
69.3
68.6
84.7
73.3
55.2
47.5
45.2
38.4
23.7
66.1
72.3
89.0
72.2
55.0
48.4
45.2
38.6
24.5
61.6
67.7
89.5
75.8
56.9
50.9
44.9
42.2
27.0
68.3
68.0
102.1
73.2
60.6
54.9
47.1
46.8
27.5
71.3
66.9
103. 1
81.8
62.3
55.9
47.8
50. 1
28. 7
73.8
70.8
101.2
84.2
60.3
58.3
48.2
49.9
27.8
66.3
74.0
103.3
79.5
114.7
117.1
114.8
115.7
126.5
125. 8
141.4
122.2
126.4
125.5
140.1
122.0
128.1
125.2
142.7
121.4
127.2
119. 3
137.4
119.5
125.1
119.0
127.9
119.3
123.4
119.0
118. 5
118.8
123.4
118.6
118.5
118.3
123.6
120.8
121.5
118.6
122.3
121.2
122.5
118.5
119.6
120.6
116.7
US. 1
117.2
118.2
112.2
117.1
116. 7
US. 3
115.7
116. 7
53
38
66
45
51
37
63
45
r'A
42
'62
47
9. 605
199, 696
8,731
242, 827
9,746
18S, 257
2,467
14. 370
72, 956
2, 629
14, 091
95,969
2,922
10, 701
65, G26
167
19,117
181
21, 788
205
32, 364
582
42,135
515
46, 664
395
27, 264
6,389
18, 969
65, 487
5,406
18, 427
78,407
6,224
18, 739
63,004
266, 301
173,077
1S9,197
80.7
59. 1
102.7
101.4
114.9
95.5
87.9
84.5
91.2
91.7
92.0
89.4
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Value of contracts awarded (Federal Reserve
indexes):
51
54
60
47
53
Total, unadjusted
1923-25 = 100._
56
56
39
41
47
35
Residential, unadjusted....
do
28
38
47
58
57
59
47
Total, adjusted
do
46
55
47
40
43
30
47
Residential, adjusted
do
32
45
26
F. W. Dodge Corporation (37 States):
Total, all types:
11,269
12, 966
12, 056
Projects
_
number. _ 13,355
13, 338
13, 242
13, 352 13, 890 12, 912
10, 514
Valuation
thous. of doL. 231, 246 -•199,028 234, 632 216, 071 233,055 294, 735 275, 281 234, 272 225, 767 208,204
Nonresidential buildings:
2,997
3,319
3,079
3,411
3,504
Projects
number.3,792
3,436
3,626
3, 361
3,106
14, 623
14, 361
13, 639
Floor space
thous. of sq. ft_. 16, 759
17, 343
15, 629
15,916
17, 543 15, 504
15, 098
65,895
79, 071
69, 099
Valuation
._
thous. of doL. 88, 602
80,380
94, 068
82, 252
96,125
81,460
79,079
Public utilities:
222
214
224
195
205
221
176
188
Projects
number. _
167
229
18,029
14,171
15, 735
Valuation
thous. of doL. 20, 256
17, 945
18,106
23, 753
12, 773
9,264 | 27,512
Public works:
870
1,143
1,169
Projects
number..
604
1,123
1,092
1,102
1,330 I 1,782
1,238
55,839
52, 861
68, 767
Valuation
thous. of dol.. 32, 221
44,191
49, 660
50, 792
76,435
71,107 99,103
Residential buildings all types:
7,180
8,290
7,584
8,528
8,444
8,253
7,982
Projects
number. _ 9,195
6,080
8,233
19,986
21, 553
21,181
20, 501
24,393
Floor space
thous. of sq. ft.. 24, 244
19, 736
20, 547
20, 624
15, 604
68,441
79,
664
71,994
100,
523
80,671
Valuation
thous. of dol._ 90,168 ' 5 5 , 2 7 1
67,151
70, 253
73, 605
Engineering construction:
Contract awards (Engineering News Record) \
thous. of dol__ 156, 788 147, 697 195,458 141, 257 183,917 226,595 192, 317 197,372 220,142 162, 743
' Revised.
1 Data for April, July, October, and December 1936 are for 5 weeks; other months, 4 weeks.
t Revised series. For data on purchasing power of the dollar, retail food prices, for period 1923-36 and cost of living for period 1914-36 see
February 1937 issue.
tables 5 and 6, p. 19 of the
25
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1985, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
1938 Supplement to the Survey
^ ^ March
1936
March I April I May I June
I July
1937
I August I S e ft e r m -1 October I No h v p e r m -1 Dehcperm- January February
CONSTRUCTION AND REAL. ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
thous. of sq. yd.
Roads only
_
do
Highways and grade crossing projects administered by Bureau of Roads:
Highways:
Approved for construction:
Mileage
number of miles.
Allotments: total
.thous. of dol.
Regular Federal aid
do
1934-35 Public Works funds
do....
Works Program funds
do
Under construction:
Mileage..
_
.number of miles.
Allotments1. total
thous. of doL.
Regular Federal aid
.do
Public Works Program:
1934-35 funds
.do....
Federal aid
do
Works Program funds
do
Estimated total cost
..do
Grade crossings:
Approved for construction:
Eliminated and reconstructed*, number.
Protected by signals*
do
Works Program funds alloted
thous. of dol.
Estimated total cost
do
Under construction:
Eliminated and reconstructed*.number..
Protected by signals*
do—
Works Program funds allotted
thous. of dol..
Estimated total cost
do
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=100..
American Appraisal Co. (all types)_.1913 = 100..
Associated General Contractors (all types)
1913=100..
Engineering News Record (all types) §
1913=100..
E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100..
New York
_
do
San Francisco
do
St. Louis.
do
Commercial and factory buildings:
Brick and concrete:
Atlanta
U. S. av., 1926-29=100..
New York
do
San Francisco
do
St. Louis
do
Brick and steel:
Atlanta. _.
do
New York
.do
San Francisco
—do
St. Louis
do—
Residences:
Brick:
Atlanta
__do
New York
do
San Francisco
do
St. Louis
do
Frame:
Atlanta
do
New York
do
San Francisco
_.do
St. Louis
do....
REAL ESTATE
Fire losses-.
thous. of doL.
Foreclosures:
Metropolitan cities*
1926=100..
Nonfarm real estate*
..1934=100..
Loans of Federal agencies:
Federal sayings and loan associations:
Associations, total
...number..
Associations reporting—
do
Total mortgage loans outstanding*
thous. of doL.
Federal Home Loan Bank:
Outstanding loans to member institutions
thous. of dol_.
Home Owners' Loan Corp.:
Loans outstanding*
do
3,352
2,564
2,662
1,579
3,835
2,767
5,235
3,621
4,188
2,942
7,913
6,208
5,903
4,648
7,613
5,196
6,082
4,482
3,769
2,550
5,468
4,026
3,385
2,836
2,371
1,456
3,323
46, 743
36, 315
2,883
7,545
6,693
82,577
22 238
7,623
52,716
6,181
73,574
21, 297
7,382
44,894
5,383
62, 963
20.692
5,975
36, 297
4,231
53,090
20,577
4,631
27,882
4,143
50, 400
22, 604
4,345
23,451
50, 476
27,929
4,248
18, 299
3,173
49,123
30,601
4,044
14,479
2,750
46,103
29,360
4,148
12,595
2,574
42,093
27, 034
3,809
11, 250
2,635
42,090
29, 059
3,671
9,360
2,880
43,899
32, 710
3,291
7,898
2,993
44,472
34, 247
2,902
7,323
10, 514 11,829
13,163
8,041
139, 683 176,148 196, 841 210,482
50,949
76,168
44,586
57,019
13, 631
217,441
59,808
12,812
13,185
212,546 202, 765
61, 714 65, 213
11,949
194,477
10,335
174, 781
70,586
8,881
8, 003
158, 537 141, 069
69,368
65, 664
7,617
133,553
65, 222
7,923
136,039
69, 809
12, 540 55,085
569
0
50, 975 75,908
214,697 222,517
38,975
195
118,463
280, 758
22,929
33, 397 26,680
147
32
195
117, 241 110, 725 102,028
278,978 270, 622 266, 528
12,561
0
55, 770
199,498
12,491
0
53, 738
205, 239
173
542
157
419
16,037
16, 621
13. 526
14,049
1,039
100
1.014
309
101,381
103,808
100,593
102,853
52,005
45.693
467
248
93,420 107,523
250, 203 271, 452
17,206
20,379
32
32
71,931
83, 784
248, 024 229,527
13,461
11
61,934
207,315
150
396
506
17
479
29
35
12,842
13, 257
42,011
43, 526
40,561
41,983
40, 217
41,313
34,081
35, 305
969
341
40,283
42,287
518
1
350
581
29,026
30,367
679
1
827
2
1,117
5
1,221
12
1,246
33
98, 464
100,718
46,197
47,019
58, 645
59,667
72, 923
74,064
90,465
92, 211
203
176.0
178
159
159
161
183
162
163
163
183
165
166
167
195
169
171
184
178
178
178
178
178
178
179
180
180
180
181
225.3
201.2
202.2
203.4
204.6
204.4
208.1
208.1
211.5
212.7
220.7
223.5
223. o
91.8
111.3
109. 4
110.6
84.8
105.4
99.7
104.4
84.8
106.0
99.2
104.4
84.8
106.0
98.3
104.6
83.7
107.0
99.0
104.6
83.3
107.0
99.0
104.5
83.3
108.4
106.1
104.5
108.4
107.3
104.5
84.8
108.4
107.8
105.2
85.1
108.3
10S ?
106. 2
85.2
108.4
108.2
106.2
86.9
109. 5
111.8
108.4
88.1
110. 1
108.4
109.8
95. 3
113.3
113.8
113.5
88.3
109.1
104.7
105.9
88.3
109.7
104.3
105.9
86.7
109.7
103.3
106.0
86.6
110.9
104.3
106.0
86.2
110.9
104.3
105.9
86.2
112.0
114.4
106.0
86.2
112.0
114.5
106.0
87.0
112.0
114.9
106.6
87.2
112.0
115.2
107.4
87.3
112.1
115.2
107.4
88.6
111.7
118.1
112.1
90. 5
112.0
113. 0
112.9
94.0
113.9
110.7
114.4
85.7
106.2
100.6
105.9
85.7
107.0
98.5
105.9
85.3
107.0
97.4
106.0
85.1
107.7
98.2
106.0
84.6
107.7
98.2
105.9
84.6
109.3
106.4
106.2
84.6
109.3
107.7
106.2
85.6
109.3
108.1
106.8
85.8
108.5
108.9
107.6
86.0
108.7
108.9
107.6
88.3
111.1
112.7
109.7
89.2
112.2
108.8
112.8
84.3
109.6
99.8
105.4
76.6
76.6
100.8
101.9
94.0
94.0
100.3 • 100.3
76.1
101.9
92.9
101.0
74.9
103.0
93.4
101.0
74.1
103.0
93.4
100.4
74.1
104.0
98.3
99.2
74.5
104.0
98.6
99.2
76.1
104.0
99.0
98.8
76.3
104.1
77.0
104.8
99.2
100.6
80.1
106.5
102.4
104.1
82.0
108.5
98.1
105.0
68.9
96.9
84.9
93.0
67.5
97.4
85.2
93.0
67.1
97.4
85.2
92.2
67.1
98.4
87.8
90.9
67.6
98.4
88.3
90.9
68.0
98.4
88.7
91.5
70.0
98.4
92.3
77.7
99.1
88.9
92.3
75.0
101.1
92.2
96.1
76.6
103. 5
92.2
97.2
20, 407
22,357
21,714
20,414
20,439
22,808
30,134
317
425
502
624
254
620
26,575
27,817
23,615
24,185
1,238
1,192
30
101,014 108, 272 110,865
102, 667 110,161 112, 930
111, 326
113,915
228
615
206
542
20, 233 17,971
18, 606
20,826
1,081
1,149
98
42
109, 016 104, 876
111,614 107, 645
100.6
174
184
78.1
104.9
94.0
97.6
69.3
96.3
85.9
92.1
69.3
96.9
85.9
92.1
29? 319
29,177
25, 787
25,070
28,655
230
73.6
302
83.2
302
83.9
279
82.6
280
81.7
279
82.7
259
78.3
278
85.7
259
77.8
235
75.1
268
84.4
222
'69.9
' 196
65.1
1,249
1,157
1,078
980
1,102
1,006
1,114
1,006
1,135
1,006
1,165
1,025
1,175
1,076
1,183
1,062
1,192
1,080
1,206
1,046
1,212
1,065
1,228
1,143
626,907
366,405
390,810
404,
576, 299
1,240
r 1, 157
611,212
142, 716
103,354
105,969
110,922
143,738
141, 198
2,642,611 3,040,137 3,060,029
21, 479
722
442,027
465, 682 497,852
507, 574 532, 064 531,078
544,107
118, 580
122,094
129,752
145,
125, 211
134,929
137,250
394
3,092^871 i 2,920,739 12,897,367 2,869,660 2,883,503 2,801,827 2,765,098
2,711,451 2, 680, 230
DOMESTIC TRADE
ADVERTISING
Printer's Ink indexes (adjusted for seasonal
variation):
r 86. 5
91.9
99.2
95.4
94.1
90.6
88.5
91.0
84.8
90.9
94.1
87.7
88.5
Combined index
1928-32=100..
72.0
76.8
71.7
75.3
92.9
70. 3
76.7
66.6
72.8
76.5
73.5
73.4
80.2
Farm papers
do
97.8
87.2
91.6
89.6
97.1
101.1
89.3
94.3
86.8
89.2
87.6
88.2
90.3
Magazines
_
do
90.1
87.1
84.9
86.9
90.6
91.1
95.2
81.4
88.3
81.5
85.0
86.5
88.9
Newspapers
do
72.3
68.5
81.5
80.0
75.6
••74.8
68.5
70.2
73.5
74.3
75.7
71.1
70.6
Outdoor..
do
228.6
224.7
230.0
268.2
253.7
239.2
244.4
241.5
234.8
192.8
185.2
184.4
202.1
Radio
do
*• Revised.
*New series. Data on number of grade crossing projects represent a breakdown of the total projects shown in the 1936 Supplement. For the foreclosures indexes, earlier
data, together with a complete description of the indexes, see table 18, p. 20 of the April 1937 issue. Total mortgage loans outstanding of Federal Savings and Loan Associations represent the combination of loans of "new associations" and. "converted associations" which were shown separately in the 1936 Supplement to the Survey. The Home
Owners' Loan Corporation data are for loans closed through June 12, 1936, when lending operations ceased, and for loans outstanding thereafter. The June 1936 figure represents the total of all loans made during the full period of lending operations.
§Index as of Apr. 1,1937, is 230.3.
139641—37
4
26
SUEVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1937
March
May 1937
1937
193G
March
April
May
June
July
Decem- January
October NovemAugust September
ber
ber
February
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Radio advertising:*
5,402
4,441
Cost of facilities, total
thous. of doL.
4,833
876
742
731
628
Automotive
do
43
26
29
Clothing...
_
do
31
16
9
4
Electric home equipment
do
0
53
37
33
36
Financial
do
1,501
1,432
1,257
1,174
Foods
--do
89
85
77
Home furnishings, etc
do
70
267
265
279
Soap, cleansers, etc
do
291
100
36
33
Office furnishings, supplies
do
8
380
398
395
Smoking materials
do
373
1,606
1, 263
Drugs and toilet goods
do
1,443
1,066
471
339
366
251
Allother
do
Magazine advertising:*
13,458
14, 498 14, 907 12, 299
Cost, total
,
do
2,?49
2, 574
2,747
2,147
Automotive—
do
588
751
805
646
Clothing
-do
516
805
723
531
Electric home equipment
do
414
411
390
330
Financial
do
2,307
1,938
1,877
1,909
Foods
do
567
882
534
813
Home furnishings, etc
do
495
529
593
459
Soap, cleansers, etc
do
210
175
234
180
Office furnishings, supplies
do
560
593
578
Smoking materials..
do
580
2,485
2,158
2,501
2,375
Drugs and toilet goods
do
2,859
3,066
3,449
3,627
Allother—
do
2, 511
2,860
2, 852
2,637
Lineage, total
thous. of lines. _ 2, 762
Newspaper advertising:
Lineage, total (52 cities)
_
_.do___- 126,134 116, 443 121, 887 127,182 117,029
24,843
Classified
do
24, 032 21, 991 22, 548 24,172
Display, total
do.
101, 502 94, 452 99,339 103, 010 92,1S6
7,813
8,
493
5,453
7, 645
Autoraotive
do
5. 413
2,488
1,933
1, 988
2,773
Financial
__do.
2,390
21,812
23,498
20,
802
22,899
General
do.
24, 406
Retail
..do
69, 292 63, 327 67, 227 69, 086 61, 751
3,832
492
5
45
33
1,290
23
285
0
423
982
254
3,777
468
4
36
38
1,207
33
249
0
397
976
369
4,894
770
24
27
44
1,333
29
314
6
439
1,273
635
6,723
1,164
51
1
53
1,559
65
400
17
359
1,475
1,579
6,126
1,031
56
22
70
1,670
91
410
13
391
1,659
713
8,891
1,528
257
298
240
1,670
148
366
75
483
1,790
2,036
1,967
8,493
1,548
229
86
249
1,414
99
337
136
545
1,757
2,093
1,695
11,104
1,365
695
191
358
1,585
665
446
286
593
1,938
2,982
2f084
14,285
1, 364
895
477
425
2,198
1,051
531
304
657
2, 642
3,741
2,637
14,758
2, 290
696
325
421
2,452
798
501
263
648
2,926
3,438
2,736
98, 499
21, 232
77, 266
6,593
2,219
18, 287
50,167
99,166
22, 546
76, 620
4,908
1,646
16,186
53,880
114, 387
22, 521
91, 866
4, 257
1,641
21,053
64, 916
6,185
944
39
16
_
85
1,821
51
457
6
404
1, 752 : : : : : : : :
610
12, 203
1,419
535
545
310
1,977
561
236
341
674
2,122
3, 482
2,731
2, 031
2,399
136, 635 131,986 130, 762
23, 984 22,646
22,945
112,652 109, 340 107,817
6,183
4, 246
9,812
1,860
2,151
1,848
27,411
24,227 18, 136
77,198 73,452 83, 234
99, 588
21, 521
78, 066
3,348
2, 970
17,176
54. 572
103, 092
20. 615
82. 477
3, 896
1, 9S6
22,814
53, 781
GOODS IN WAREHOUSES
Space occupied, merchandise in public
warehouses..-_._..percent of total...
62.1
61.2
81.3
61.0
61.3
61.7
61.8
61.7
61.6
2,297
2,273
2,285
2,182
1,910
2,026
2,156
2,114
2,489
62.0 I
62. 1
NEW INCORPORATIONS
Business incorporations (4 States)
number._
2,506
POSTAL BUSINESS
Air mail:
Pound mile performance
Amount transported
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities):
Number
Value '.
Foreign, issued—value
Receipts, postal:
50 selected cities
50 industrial cities
2, 228
I
thousands..
pounds..
thousands..
thous. of dol_.
2,620
902, 749 885, 274 920, 629 949,828 1,055,015 1,051,115 998,894 1,060,488 984,288 11,166,914 907,003
1,396,977 1,355,200 1,444,013 1,476,469 1,616,191 1,623,239 1,528,942 1,629,711 1,511,117 |l,778,912 1,410,974
3,950
37,884
3,834
36,405
3,764
38,354
3,633
36,655
3,665
37, 237
thousands.. 15, 374
thous. of dol._ 116,518
do
4,123
38, 676
13, 291
99,739
3,055
13,122
99, 510
2,450
12, 735 13,153
12,598
96, 032 102, 407 103, 085
2,048
2,482
2,385
11, 573
94, 696
2,741
12, 772
103,480
2, 720
thous. of dol..
do
28,839
3,318
28,944
3,320
27, 874
3,124
26, 037
3,022
29. 294
3, 242
4, 638
44, 581
33, 763
3,882
4,091
40, 994
28, 288
3,214
26, 673
3,192
4,071
40, 616
4,596
43, 849
4,116
40, 019
4,046
38, 383
14. 921 13,316
16, 221
119,437 105, 703 122, 826
2,319
5,712
2,633
12, 596
95, 752
2,429
11,826
90,413
2, 502
• 27, 892
3,418
27, 754
3,312
32,880
3,678
3,907
38, 315
29, 217
3,226
41,345
4,846
RETAIL TRADE
Automobiles:
New passenger automobile sales:
117.8
138.6
92.9
Unadjusted
1929-31=100.142.3
139.3
117.3
71.0
145.4
56.5
90.1
130.4
113.1
'85.5
101.0
93.5
Adjusted
do
93.5
104.5
92.0
109.5
83.0
122.5
85.5
129.5
' 139. 5
175.0
151. 0
Chain-store sales:
Chain Store Age index:
Combined index (20 chains)
r
ay. same month 1929-31 = 100.102.0
103.0
108.0
109.6
109.0
110.0
109.0 r 101. 3
109.5
113. 0
106.4
110.0
111.0
Apparel chains
119.0
115.4
117.8
125.0
118.6
117.2
av. same month 1929-31 = 100.116.8
126.0
123.0
127.0
130. 0
112.0
117.0
Grocery chains
94.0
94.4
95.8
100.0
102.0
av. same month 1929-31 = 100.. 103. 0
93.0
99.8
100.0
99.2
100.0
100.0
'103.0
Variety store sales:
Combined sales of 7 chains:
80.3
96.8
97.2
Unadjusted
1929-31 = 100,_
95.7
98.8
86.5
97.1
97.8
100.4
104.5
195.7
70.3
81.3
Adjusted
_
do
93 3
95.2
109.2
103.3
104.0
97.7
102.4
98.9
103. 0
106.1
94.4
97.4
H. L. Green Co., Inc.:
Salesthous. of doL.
2,043
2,522
2.514
2,412
2,774
2, 625
2,430
2,501
3,027
2,905
5, 847
2,017
2,018
Stores operated
_number_.
130
131
131
136
130
130
132
132
134
133
135
135
136
S. 8. Kresge Co.:
Sales
thous. of doL. 12,635
10,043
12,011
11,925
12,182
11,169
11,353
11, 753
13, 540 12, 214
24, 351
9,349
9,843
Stores operated
number..
739
737
726
731
729
729
728
731
734
729
729
725
730
8. H. Kress & Co.:
Sales
_
thous. of doL.
6,314
6,552
7, 447
6,873
7,027
6,525
6, 652
6,785
7,307
7,321
14, 748
5,109
5, 595
Stores operated
number. .
235
235
235
235
235
235
235
235
235
235
235
235
235
McCrory Stores Corp-:
Sales—
„
thous. of doL.
3,556
2,893
3,002
3,284
3,057
3,443
3,010
3,096
3,209
3, 511
6, 714
2, 510
2, 662
Stores operated
number..
200
194
200
199
197
195
195
195
194
196
195
194
194
G. C. Murphy Co.:
Sales
_
_
.thous. of doL.
3,379
2,320
3,001
3,089
3,183
2,974
2,922
2,907
3,268
3,637
6,379
2,519
2, 550
Stores operated
.number..
195
190
190
190
191
191
192
192
194
195
194
195
195
F. W. Woolworth Co.:
Sales
thous. of dol._ 24,815
19, 677 23,072 22, 622 23, 398 22,861
23,186
23,434
26, 733 23,891
45, 506
18, 649
19, 758
Stores operated
number..
2, 003
1,980
1,983
1,989
1,986
1,990
1,991
1,993
1,994
1,995
1,997
1, 998
2,000
r Revised.
* New series. Data on radio and magazine advertising cost are compiled by the Publishers Information Bureau, Inc., successors to National Advertising Records and are
not comparable with data published prior to those shown in the January 1937 issue. Earlier figures, when available, will be published in a subsequent issue.
• Receipts for Louisville not included.
27
SUEVEY OF CUREENT BUSINESS
May 1937
1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
March
1936
March
April
May
June
July
1937
Decem- January FebruAugust SeptemOctober November
ber
ary
ber
DOMESTIC TRADE—Continued
EETAIL TEADE—Continued
Restaurant chains (3 chains):
Sales
.__
thous. of doL_
Stores operated .
„ ....
number..Other chains:
W. T. Grant & Co.:
Sales .
.
„. «.thous. of dol
Stores operated.number..
J. C. Penney Co.:
Sales
thous. of dol
Stores operated
number
Department stores:
Collections:
Installment account
percent of accounts receivable
Open account
do
Sales, total U. S., unadjusted.. 1923-25=100,.
Atlanta
.-____.
do
Boston.do. __
Chicago!
m do
Cleveland __
do
Dallas
.do _ .
Kansas Citv
1925—100
Minneapolis
_._
1929=100..
New York
. 1925-27=100._
Philadelphia
1923-25=100..
Richmond
.
do
St. Louis.—
do
San Francisco ..
do
Sales, total U. S., adjusted—do
Atlanta
do
Chicago!- _ _
do
Cleveland
-do
Dallas
do
Minneapolis
1929—100
New York
1925-27—100
Philadelphia
1923-25=100
San Francisco _
do
Installment sales, New England dept. stores
percent to total sales
Stocks, total U, S., end of month:
Unadjusted1923-25=100..
Adjusted
do
Mail-order and store sales:
Total sales, 2 companies
thous. of dol__
Montgomery Ward & Co
do
Sears, Roebuck & C o .
do
Rural sales of general merchandise:
Total U. S.. unadjusted
1929-31=100
Middle West*
do
East*
_
do
South*
do
Far West*
do
Total U. S., Tadjusted
do
Middle W est*
do
East*
do___
South*
do
Far West*
do
3, 509
350
3,495
348
3,442
349
3,363
350
3,510
349
3,490
349
3,655
349
3,800
346
3,542
346
3,943
346
3,581
346
3,368
347
7,616
477
'6.476
472
7,649
472
8,328
472
8,371
473
7,075
473
6,925
472
7,443
472
9, 333
474
8,492
477
16 867
477
5,626
477
5,617
477
19, 823
1,500
' 16,283
1,481
19, 759
1,483
20, 640
1,483
21,475
1,484
18,475
1,488
19,369
1,489
22, 529
1,491
28,952
1,494
26, 072
1,496
37,133
1,496
15,928
1,498
14,244
1,499
74
113
89
97
93
116
104
103
98
90
85
80
102
17.6
43.9
77
95
66
82
68
87
80
79
71
66
95
73
80
84
103
89
78
91
84
83
73
88
17.4
45.1
85
100
74
89
89
90
80
88
78
70
103
78
88
84
96
86
79
92
82
80
70
90
16.9
45.8
89
103
74
90
93
95
82
87
80
74
110
76
86
87
102
90
87
91
86
85
76
90
18.0
47.6
84
92
76
88
84
92
77
85
80
71
104
72
84
87
103
89
86
100
88
83
74
94
16.2
45.6
63
78
54
65
63
71
59
61
62
52
79
55
77
91
111
91
83
102
81
82
70
94
16.2
42.1
68
96
54
75
72
77
70
75
63
56
78
60
88
86
123
91
85
107
86
81
73
92
16.5
42.8
94
116
82
97
89
109
92
95
87
71
104
86
97
88
123
95
86
103
88
84
79
93
17.8
48.4
100
119
92
104
98
120
101
112
97
84
137
103
98
90
100
95
92
104
94
85
74
95
17.0
47.1
105
120
85
101
100
113
90
89
106
91
120
89
101
94
105
93
95
97
91
90
79
95
17.3
47.0
161
187
138
164
158
175
151
139
156
136
204
143
171
92
110
98
96
108
94
88
76
100
16.4
47.4
72
85
70
78
69
78
64
71
69
54
79
62
80
93
107
97
91
93
79
89
75
98
16.4
44.0
76
95
57
78
82
89
68
64
72
57
77
'63
81
95
108
97
101
105
'86
85
75
96
96
9.7
8.5
8.9
7.5
9.5
14.9
10.8
10.9
9.7
6.3
10.6
12.0
78
76
67
65
68
67
66
62
64
59
64
65
67
71
68
76
69
80
71
67
71
66
74
72
76
78, 625
34,931
43,694
60,926
24,845
36,081
69,413
30,403
39,011
75, 219
30, 295
44,923
76, 689
30,330
46,359
65, 270
25, 636
39, 634
66,325
27,422
38,903
80,974
33,357
47, 617
103,590
45, 455
58,135
85,993
36, 979
49, 014
118,222
51, 789
66, 433
54,427
22, 578
31,849
53,831
22,161
31, 671
117.4
107. 1
120. 4
147 5
119. 0
126 2
119. 0
128.1
158.6
136. 0
99.2
92.8
100.7
118 4
100.1
106.7
103.1
107.2
127'.4
114.4
105. 5
99.2
109.2
117 6
110.7
109.9
100.7
109.7
127.2
119.6
106.5
102.3
107.9
113 6
112.8
113.3
105.4
110.7
127.6
125.4
106.2
100.1
105.1
114 0
122.7
112.4
102.6
107.8
132.5
129.8
88.3
81.0
85.5
97 9
107.7
114.7
103.9
108.9
140.9
129.8
96.2
88.6
97.9
103 3
113.3
111.9
101.3
110.6
136.0
123.1
122.3
107.0
112.0
160 6
147.7
123.6
107.5
119.7
156.7
126.3
155.1
137.7
149.6
225 0
148.4
127.1
116.2
126.2
163.6
126.8
150.8
136.0
154.8
195 4
150.4
122.6
110.5
135.1
146.9
124.8
186.1
150.5
195.0
212 4
208.7
131.0
106.0
137.5
153.9
134.2
88.6
81.0
88.4
107.5
95.6
106. 7
98.7
105.3
129.5
128.3
93.8
85.2
95.2
123.1
92.0
103.7
98.5
104.1
123.1
116.4
90
135
74
102
95
98
92
----
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadj. (B. L. S.)t
1923-25=100..
Durable goods group!
do
Iron and steel and products!-,
do
Blast furnaces, steel works, and rolling
mills
1923-25=100..
Structural and ornamental metal work
1923-25=100..
Tin cans, etc
do
Lumber and products
do
Furniture
do
Millwork
_do
Sawmills
do
Machinery!
do
Agricultural implements!
do
Electrical machinery, etc
do
Foundry and machine-shop products
1923-25=100-.
Radios and phonographs
do
Metals, nonferrous
do
Aluminum mfrs
do
Brass, bronze, and copper products
1923-25=100-.
Stamped and enameled ware
_do
Railroad repair shops
do
Electric railroad
do
Steam railroad
___
do
r
101.0
96.0
106.8
87.9
80.2
85.6
89.1
82.3
87.8
89.8
84.0
90.1
90.1
84.7
91.4
91.2
84.6
93.0
93.5
84.7
95.3
95.5
85.7
97.2
96.7
89.2
98.9
96.9
91.0
99.3
98.1
92.7
100.4
96.5
90.3
100.0
92.8
95.5
98.5
99.7
102.8
105.7
107.2
107.9
107.7
109.3
111.5
'99.0
93.2
r 103.4
' 113.6
117.1
74.3
100.5
69.6
87.4
56.6
52.2
121.4
134.9
110.8
57.4
92.3
61.3
71.6
45.2
48.8
96.9
128.8
82.1
60.8
94.1
62.8
71.3
46.6
50.6
99.6
131.1
85.5
65.1
96.9
64.1
72.2
47.8
51.9
102.4
129.1
87.5
68.4
100.9
64.8
73.6
49.7
52.0
103.6
123.6
89.7
71.0
102.4
65.6
76.9
49.5
51.9
104.0
110.1
91.8
74.8
109.1
66.6
81.7
52.2
50.9
104.4
95.7
92.4
75.3
111.6
68.2
85.0
52.6
51.9
107.5
93.9
96.5
74.9
102.7
69.2
86.9
53.4
52.4
109.6
97.5
99.6
73.2
95.8
67.8
88.3
53.4
49.9
111.4
93.2
103.0
70.1
94.4
67.1
87.8
54.1
49.0
114.1
102.9
105.8
70.8
95.8
64.8
85.9
53.9
46.6
114.8
110.5
104.0
'71.8
'98.4
'65.8
' 86. 1
'55.0
'47.6
118.6
119.0
109.3
106. 8
163.0
114. 6
124.3
84.4
153.8
94.6
104.3
86.7
155.8
94.4
103.2
89.1
178.0
94.7
103.6
90.0
200.4
95.5
107.2
91.2
193.5
94.5
110.5
92.5
210.7
98.4
111.0
94.3
216. 3
102.9
111.5
95.6
218.3
108.3
117.2
97.0
210.6
110.0
118.8
99.4
202.7
111.6
117.7
101.3
186.8
107.0
118.9
104.4
170.6
111.5
' 122. 2
124.0
165. 3
62.4
64.0
62.3
98.8
134.6
58.0
62.2
57.7
98.7
139.1
57.8
62.5
57.4
99.7
136.8
58.0
62.3
57.7
99.9
138.6
58.5
62.0
58.2
100.1
135.0
56.9
62.2
56.5
102.7
138.4
58.4
62.4
58.1
107.1
143.4
59.3
62.4
59.1
111.3
154.3
60.4
63.4
60.2
112.9
156.0
60.6
63.3
60.4
116.2
162.4
61.2
63.4
61.0
118.5
154.8
61.2
63.4
61.0
121.7
r 159.1
'61.6
'63.3
'61.5
Revised.
* New series. See pp. 14-17 of the September 1936 issue for figures for period Jan. 1929-July 1936.
t Revised series. For factory employment revisions beginning January 1934, see table 12, p . 19, of the March 1937 issue. Indexes of department store sales in the Chicago
Federal reserve district, both unadjusted and adjusted, were revised for the period 1923-36. Revisions not made on p. 27 of the April 1937 Survey will appear in a subsequent
issue.
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, 1937
together with explanatory notes and references to the source of the data may be found March
in the 1936 Supplement to the Survey
May 1937
1936
March
April
May
Decem January FebruAugust SeptemOctober Novemary
ber
ber
ber
July
June
1937
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued
Factory unadjusted—Continued.
Durable goods group—Continued.
Stone, clay, and glass products
.1923-25=100-Brick, tile, and terra cotta
do
Cement
--do
Glass
do
Transportation equipment §
do
Automobiles
do
Cars, electric and steam railroad§_do
Shipbuilding
do
Nondurable-goods group§
do
Chemicals and products
do
Chemicals
_-_
do
Druggists' preparations
do
Paints and varnishes
do
Petroleum refining
do
Rayon and products
do
Food and products
do
Baking...
do
Beverages
_
do
Slaughtering and meat packing
do
Leather and products
do
Boots and shoes
do
Leather
do
Paper and printing
do
Paper and pulp
do
Rubber products
do
Rubber tires and tubes
do
Textiles and products
do
Fabrics
do
Wearing apparel
_
do
Tobacco manufactures
do_
Factory, adjusted (Federal Reserve) t§
1923-25=100Durable goods group§
_.do
Iron and steel and products§
do
Blast furnaces, steel works, and rolling
mills
..1923-25=100..
Structural and ornamental metal work
1923-25=100..
Tin cans, etc
do
Lumber and products
do
Furniture
do.
Millwork—
do.
Sawmills.
do.
Machinery§
do.
Agricultural implements§
do
Electrical machinery, etc
do
Foundry and machine-shop products
1923-25=100Radios and phonographs
do
Metals, nonferrous
_.do
Aluminum mfrs
_
do |
Brass, bronze, and copper products.do
Stamped and enameled ware
do
Railroad repair shops
do
Electric railroads
do
Steam railroads
—do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
.do
Cement
do
Glass. _
do
Transportation equipment§
do
Automobiles
do
Cars, electric and steam railroad§.do
Shipbuilding
do
Nondurable goods group§
_.,do
Chemicals and products
do
Chemicals
do
Druggists' preparations
do
Paints and varnishes
do
Petroleum refining.
_do
Rayon and products
do
Food and products
do
Baking
do
Beverages
do
Slaughtering and meatpacking do
Leather and products
...do
Boots and shoes...
do
Leather
_
do
Paper and printing
do
Paper and pulp.
do
Rubber products
do
Rubber tires and tubes
do
Textiles and products
do
Fabrics
do
Wearing apparel
do
Tobacco manufactures
do
r
99.0
107.4
117.6
103.4
93.7
111.2
103.8
125. 6
61. 6
58.9
38.0
46.6
96.8
100.9
112.6
49.7
92.7
96.1
113.8
114.9
103.0
120. 8
114.5
346.0
97.7
125.1
170.8
81.9
93.6
94.5
95.0
98.7
108.1
75.4
57.2
100.5
93.0
115.3
59.2
63.0
43.0
54.9
99.0
104.9
115.6
55.0
102.1
96.3
112.3
115.8
102.3
125.2
116.5
325.4
100.3
125.8
176.5
82.2
90.8
91.2
94.3
99.1
108.8
87.9
77.7
99.5
91.7
115.0
58.6
65.3
46.7
61.3
99.2
106.3
117.2
55.2
100.9
96.0
111.8
117.2
100.7
128.0
116.5
335. 6
102.7
127.3
192.7
84.3
88.2
88.1
93.6
99.5
109.4
88.9
79.8
97.4
90.4
110.9
60.0
66.4
49.4
61.8
99.2
105.3
115.8
57.1
98.0
95.9
110.3
118.6
100.4
128.9
117.8
336.2
107.9
128.4
199.1
85.8
86.8
86.3
92.9
98.8
108.8
89.8
82.8
96.2
90.3
107.6
60.2
67.0
50.3
63.0
98.9
101.9
111.1
54.2
98.9
98.2
112.7
122.5
100.1
126.2
121.5
347.3
116.9
129.2
220.0
90.8
91.4
92.1
93.8
98.5
108.3
90.8
83.9
96.3
91.7
104.6
60.6
68.0
50.7
64.1
99.8
93.0
98.3
59.0
99.4
102.8
113.4
123.0
100.3
124.4
118.3
356.7
127.9
130.1
214.5
91.5
94.4
95.4
95.6
100.1
109.1
92.2
86.0
101.8
94.7
115.8
63.0
68.2
50.2
65.1
99.3
87.3
90.3
57.3
102.4
105.9
119.5
127.1
103.1
126.7
122.3
360.1
135.9
131.3
209.6
90.9
94.1
94.5
97.4
102.6
110.4
94.3
86.6
103.4
95.8
118.4
63.6
69.1
49.6
65.5
103.6
102.1
110.0
58.7
102.7
104.7
120.3
129.9
104.4
128.6
120.6
361.5
124.2
132.6
190.7
91.8
92.8
92.9
97.2
104.0
110.7
97.9
89.0
104.3
100. 8
95.9
106. 4
87.7
80.1
85.3
88.6
81.2
87.1
89.8
82.7
89.0
90.4
83.8
90.8
92.8
85.6
93.5
93.4
85.7
95.3
116
92
94
07
103
76
105
71.3
88
58
54
121.3
128
111
59
96
62.8
72
46
50
96.9
123
82
62
97
63.5
74
47
51
99.3
124
86
65
99
64.1
75
47
51
102.2
125
88
67
99
64.2
76
49
50
103.9
126
90
70
98
106
190
113.2
120
122
161
62.4
64
62
72.6
54
69
110
114.3
123
71
106
106. 1
122. 6
135
111
135
122
370
116.8
136
204
93
97.4
99
98
107.8
118
102.6
93
107.0
101. 1
118.0
62.5
84
179
93.4
100
97
131
58.0
62
58
60.8
42
53
96
97.7
108
50
92
95.8
111.6
116
102
121
116
343
107.8
127
182
84
90.4
91
94
99.0
108
74.9
57
96.7
90.6
108.2
60.1
85
185
93.4
100
97
135
57.0
63
57
61.9
43
88
198
94.6
102
99
- 135
57.0
62
57
62.5
44
55
97
101.3
112
50
98
97.3
113.1
117
104
122
118
342
109.3
127
189
85
89.0
89
95
99.8
109
87.4
76
97.6
91.3
109.5
61.3
90
209
96.4
109
100
139
58.2
62
58
63.0
45
54
96
102.2
112
53
99
97.6
113.2
117
105
124
117
350
110.3
127
183
86
89.0
89
94
100.0
109
88.8
70.3
49. 2
62. 0
111.0
117.9
127.4
70. 3
106. 9
106. 3
125. 0
133. 7
112.0
134. 6
120. 5
374. 2
105. 5
133.9
192. 2
90.5
100. 8
102. 7
54
96
99.2
109
51
99
96.5
110.8
116
103
123
118
325
107.7
127
178
84
89.2
89
94
99.4
109
87.1
75
97.6
91.8
108.4
59.4
97.1
118.3
64.5
67.3
49.6
64.2
97.6
115.0
128.3
57.5
97.4
103.3
119.7
130.0
105.9
125.3
121.1
364.0
114.1
133.0
183.0
96.9
89.0
87.8
98.4
105.0
111.9
100.0
90.9
104.8
98.8
116.0
65.9
67.1
48.8
62.0
100.6
122.1
138.7
56.8
89.9
104.0
119.3
129.1
106.6
127.5
119. 5
362.4
110.6
132.2
181.0
99.4
94.0
94.1
98.4
106.0
112.8
101.9
92.5
106. 4
101.7
114.8
63.3
62.5
45.5
56.8
92.6
112.3
124.7
55.8
94.0
103.1
120.3
130.8
106. 5
128. 0
119.4
367. 6
105. 1
130. 5
182. 1
96.4
97.4
98.9
97.0
104.3
113.7
101. 2
92.6
107. 1
102. 3
115. 5
57.4
67.2
46.6
••58.2
' 107. 6
' 116.0
' 127. 4
' 62. 9
'98.7
' 105. 2
' 121.9
' 131.4
' 110.0
' 131.2
r 119.6
370. 4
' 105. 1
' 132. 2
r 182. 1
'91.3
r
99. 9
' 101.9
' 97. 5
105. 7
' 116. 1
' 101.6
-93.4
r
110.2
r
103.6
' 122.6
' 60. 5
93.8
86.6
96.8
94.4
88.2
98.4
96.2
89.9
99.6
98.6
92.7
101.0
92.4
102. 3
r
106
108
109
109
110
113
72
101
73
101
65.6
65.1
65.8
105.4
105.3
106.8
117
92
101
92
96
97
73
100
66.2
81
53
50
108.4
102
100
73
98
66.2
84
54
49
110.4
95
103
70
97
67.9
86
55
51
114.0
103
106
73
103
68.6
89
57
50
115.9
108
104
92
210
93
209
95
186
97.8
101.1
102.5
57.4
58.7
59.1
65.7
66.4
66.1
105.1
100.9
100.8
100.4
115.7
101.8
115.4
101.6
118.5
112.4
113.2
113.3
96
176
105.2
115
110
153
60.1
63
60
67.2
47
64
103
105.0
113
61
102
101.2
117.9
129
100
129
119
354
112.7
131
187
91
92.0
92
96
103.1
111
98.3
92
101.7
95.5
113.4
61.1
97
171
106.7
118
111
154
60.6
63
60
66.3
48
65
96
112.3
123
64
98
102.9
118.1
129
102
127
121
357
113.4
132
197
96
94.9
95
99
103.6
112
99.4
93
104.4
97.3
118.4
62.4
100
188
110. 7
118
115
166
61.7
63
62
69.0
51
68
101
118.7
133
62
89
104.9
118.6
129
105
130
120
355
115.0
132
197
95
98.8
100
98
104.0
113
102.2
95
106.8
100.1
119.8
62.0
109.7
121
120
163
62.3
63
62
69. 5
54
68
97
109.8
120
63
94
105. 6
120. 8
133
105
131
120
364
114.7
133
202
93
99.0
101
97
104.0
114
102.3
95
108.3
101.7
120. 8
62.3
79
48
51
116
102
136
62
57
47
55
101
116
52
101
121
105
126
120
358
129
196
92
116
106
141
62
58
47
59
102
109
56
102
122
102
127
117
360
129
195
92
82
52
50
112
109
143
62
59
47
61
99
109
56
102
126
101
129
120
360
129
196
92
90.3
90.9
91.4
99.8
101.1
102.7
91
94
108
91
96
109
91
98
110
91.4
82
93.9
95.8
79
98.1
91.8
110.3
60.3
102.6
95.5
116.6
61.2
104.9
98.1
117.0
61.9
102.6
96.8
113.6
61.7
Revised.
t Revised series. See table 1, p. 14, of the January 1937 issue,
§Revised series. For revisions beginning January 1934 see table 12, p. 19, of the March 1937 issue.
81
51
49
87
89
102
201
r
' 99. 7
' 93. 9
103. 7
105
' 68. 1
87
57
50
' 118.9
r 113
r 109
104
' 196
111.7
121
122
' 159
' 61. 9
r 63
62
72.6
' 68
' 109
' 113.0
123
' 66
100
' 105. 8
' 121.6
133
109
<• 133
121
363
' 116.7
135
r
202
91
'98. 1
100
r
97
105. 5
116
101.7
94
' 107. 3
r
100.7
r
119.8
' 61.8
29
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935,
together with explanatory notes and references to the source of the data may be found
in the 1936 Supplement to the Survey
1937
March
1936
March
April
May
June
July
1937
August
SeptemNovem- DecemOctober
January Februber
ber
ber
EMPLOYMENT CONDITIONS AND WAGES—Continued
1
EMPLOYMENT-Continued
Factory, unadjusted, by cities and States:
City or industrial area:
Baltimore
1929-31 = 100.
Chicago
1925-27=100.
Cleveland
1923-25=100Detroit
do...
Milwaukee—
1925-27=100New York
do___
PhiladelDhiat_._
1923-25=100.
Pittsburgh
do.._
Wilmington
do
State:
Delaware.
_
do...
Illinois
1925-27=100.
Iowa
__ 1923-25=100Maryland
1929-31 = 100.
Massachusetts
1925-27=100New Jersey,.
1923-25=100New York
__ 1925-27= 100Ohio
1926=100.
Pennsylvaniaf
-.1923-25=100Wisconsin
1925-27=100Nonmanufacturing, unadjusted (B. L. S.):
Mining:
Anthracite
1929=100.
Bituminous coal
do-_Metalliferous
do
Petroleum, crude, producing
do
Quarrying and nonmetallic
do
Public utilities:
Electric light and power, and manufactured gas
_
„ 1929 = 100,
Electric railroads, etc
do
Telephone and telegraph
do
Trade:
Retail, total
do....
General merchandising
do
Other than general merchandising
1929=100-.
Wholesale
do
Miscellaneous:
Dyeing and cleaning
do
Laundries
do
Year round hotels
do
Miscellaneous employment data:
Construction employment, Ohio.1926=100..
Hired farm employees, average per 100 farms
number..
Federal and State highway employment:
Total
number..
Construction
_
do
Maintenance
do
Federal civilian employees:
United States
do....
District of Columbia
do
Railway employees:
Class I steam railways:
Total. _
thousands..
Index:
Unadjusted
1923-25-100..
Adjusted
do
Trades-union members employed:
All trades
percent of total..
Building
___
do
Metal.
do
Printing..
do
All other
do _
On full time (all trades)
do
1
88.2
72.6
96.2
103. 5
99.2
72.2
93 3
78'. 7
89.6
88.9
73. 6
96.4
101.0
98.1
72.5
94.6
80.9
93.3
84.2
76.0
91.1
78.0
97.4
77.1
97.2
82.7
95.3
91.5
77.6
96.4
83.9
101.4
80.4
100.2
84.8
97.4
92.1
78.8
102.0
103.0
104.0
82.2
101.1
86.1
98.0
91.5
80.2
102.2
117.7
106.1
81.9
102.1
82.9
99.3
92.2
81.3
102.0
126.1
107.0
81.1
102.9
84.3
99.0
93.0
81.5
93.0
126. 0
110.0
81.1
102.5
' 83. 6
r
98. 7
95.4
83.2
105. 5
127. 5
109.0
84.1
r 102. 9
' 88.6
100. 6
90.4
80.3
121.8
94.2
74.0
77.7
77.5
97.5
79.7
90.7
94.6
81.6
123.2
93.9
73.4
79.3
76.8
90.7
80.9
91.8
99.1
82.1
121.0
95.5
75.4
78. 7
77.4
97.6
82. 6
95.6
111.3
84.7
119.8
93.0
78.2
80.8
79.7
98.8
84.7
91.9
118.4
86.6
121.8
98.9
79.8
83.1
83.2
101.0
87.0
95.2
105.7
86.9
121.9
100.2
80.4
82.7
84.6
102.8
88.1
96.8
105.6
87.9
124.1
99.5
81.6
83.4
84.7
103.4
87.5
96.9
105.2
89.1
128.5
99.1
83.6
84.7
85.4
105.0
88.3
97.4
r 104. 8
89.4
120. 2
' 100.1
84.0
83. 9
85.4
102. 1
'87.9
99. 7
107. 2
91. 6
128.7
102.4
85.2
85. 3
87. 1
107.0
'90.3
101.8
49.8
77.5
57.5
71.3
48.4
54.9
76.2
60.8
72.7
52.0
51.2
75.7
61.9
73.7
53.5
48.4
75.5
61.3
75.4
54.4
41.1
76.9
61.6
75.0
55.3
47.6
78.2
63.1
74.5
54.9
49.9
81.1
64.2
73.6
54.6
51.5
82.3
62.9
73.2
52.6
54.8
83.9
64.4
72.4
49.4
54.1
84.4
66. 4
72 8
45.9
52. 7
84.8
69. 8
73.7
40. 3
86.8
71.2
70.2
88.0
71.3
70.8
89.0
71.5
71.6
90.4
71.7
72.1
91.7
72.4
73.1
93.1
72.4
73.5
93. 5
72.8
73.7
94.0
73.1
73.8
93.5
73.0
73.7
93. 2
72. 5
73.6
92.1
72. 4
74. 4
91.9
72.4
74.8
88.2
99. 2
81.9
90.9
85.2
97.4
85.0
95.5
85.5
96.4
83.2
90.7
82.4
89.4
86.6
98.5
88.7
103.9
90.1
109.3
100.0
145.5
80. 3
97.7
84.9
93.5
85. 3
91.9
79.5
85.6
82.0
85.7
82.3
84.6
82.6
84.6
81.2
85.4
80.5
86.3
83. 5
88.0
84.7
89.0
85.1
89.7
88.1
91.0
83.3
90.8
82.7
92.2
80. 9
88.7
87.3
74.7
82.1
82.8
81.8
83.2
83.2
87.3
85.5
84.1
87.5
87.2
83.9
85.5
90.5
83.3
83.5
89.6
83.2
86.7
89.6
84.2
86.5
87.6
85.4
81.3
87.0
84.6
77.7
87.6
84.0
70.5
88.4
80. 1
88.5
80.7
32.4
37.3
45.9
52.0
46.0
46.0
47.6
49.3
52.1
49.2
40.4
51.0
100
101
99
111
107
95
90
09
83.3
69.3
94.4
101.5
96.1
77.2
92.6
71.8
86.1
86.2
70.0
95.1
105. 8
97.6
75.9
92.5
74.4
85.3
87.7
71.7
96.2
105.0
99.5
74.3
92.5
76.0
91.4
105. 4
88.7
77.8
117.4
90.5
74.8
76.4
77.2
91.0
77.9
88.7
88.3
79.0
119.0
93.1
74.5
77.0
77.4
96.3
79.3
89.3
48.9
85. 9
73.0
74.4
49.1
52.5
80.4
55.9
70.9
42.2
92.1
72. 6
75. 3
93. 6
130. 8
105. 6
8(1 7
86.2
89. 7
90 j
72
74
89
200,794
81,748
119,040
227, 586
94,200
133,386
287,478
144,173
143,305
374,191
209,835
164,356
423, 466
258,103
165,363
435,971
271,015
164,956
433, 533
274, 651
158,882
414,147
262,375
151, 772
389, 966
240, 249
149,717
353,971
200, 283
153,688
288, 248
149, 708
138,540
210,027
92, 451
117,570
190, 330
69, 550
120, 786
829,193
116,146
806,035
112,370
810,418
115,073
817,856
116,857
824, 259
117,103
830, 622
116,022
834, 266
115, 569
835, 704
114,611
841, 017
114, 510
839,053
114, 792
831,095
115,964
829,794
115,871)
826, 333
115,871
1,032
1,061
1,080
1,089
1,097
1,102
1,114
1,121
1,104
1,095
1,088
1, 112
57.2
58.8
58.8
59.2
59.8
59.1
60.3
59.0
60.8
59.3
61.0
59.6
61.7
60.5
62.1
60.4
61.1
60.7
60.6
62.1
00. 2
62.8
61.4
63.8
83
66
86
89
86
83
72
88
85
60
86
75
88
88
88
63
87
76
88
89
89
66
88
79
89
90
61
83
73
89
88
84
64
88
77
90
90
90
68
86
74
90
90
88
65
85
71
89
90
88
64
86
09
89
90
89
05
61.7
63.5
87
71
91
90
90
68
88
90
68
LABOR CONDITIONS
Hours of work per week in factories:
Actual, average per wage earner
hours..
'41.1
'41.5
39.5
39.4
' 39. 1
' 40.1
M0. 7
39.4
41.7
41.0
Industrial disputes (strikes and lockouts):!
r
r
r
750
260
'335
'252
258
304
Number of disputes (in progress)
304
'340
309
'324
' 313
••355
'379
1,331,162 699,900 '1,019,171 '1,327.678 1,105,480 911,216 1,063,100 1,053,878 1,940,628 •2,065,733 •2,698,34(1 1,483,000
Man-days idle
n u m b e r . . I"3,280,000
v
r
r
148,570 157,007
95, 526
184,859 •211,723 »233,000
Workers involved (in progress)
do \ 317,000 122,162
133,531 125,281
118,268 130,875
123,030
Employment Service, United States:
Applications:
1,312,517 9,044,859 8,812,299 6,498,076 6,735,957 6,833,680 6,838,889 6,897,446 6,841,989 5,311,161 6,282,615 1,115,443
Active
file
do
282, 545 364, 758 300, 516 295, 812 370, 233 396, 663 384, 981 355, 800 357, 455 339, 791 307,190 292. 298
202, 305
New
_
_
do
294,322 442, 331 454, 826 468, 588 473,141 437, 901 436, 290 434, 648 399, 095 330, 962 303, 313 242, 172
250, 249
Placements
do
193, 622
158, 013
93,122 110, 912 133, 802 123, 517 117,906 130, 491 167, 809 173, 407 159, 063 172, 478 144, 075
Private
....do
4. 1
5.0
4.8
3. 9
4.7
5.3
Placements to active
file
percent..
7.3
6.5
6.4
5.8
4.8
6.4
Labor turn-over in mfg. establishments:
Accession rate:
4.74
4.41
Mo. rates per 100 employees on payroll •__
4.83
4.46
3.97
4.49
4.94
4.72
5.09
4.60
4.60
4.05
Separation rate:
3.20
3.41
Total
percent..
3.29
3.32
3.25
3.04
2.88
3.28
3.22
3.38
4.73
3.30
.24
.20
.21
.19
.22
Discharge
do
.23
.21
.21
.23
.27
.26
.24
1.53
2.06
1.92
Lay-off
do
1.92
2.14
1.44
1.83
1.84
1.70
1.90
3.23
1.72
1.47
1.43
1.06
Quit
do....
1.16
.86
1.13
1.19
1.15
1.23
1.29
1.13
1.05
1.27
1.57
r
Revised.
v Preliminary.
f Revised series. Industrial disputes for 1936, revision for months not shown above is as follows, January man-days idle, 635,519. See also p. 29 of the April 1937 issue.
Employment indexes for Philadelphia and Pennsylvania revised for 1935 and 1936. Revisions, not shown on p. 29 of the April 1937 survey, will appear in a subsequent issue.
• Figures were erroneously stated in previous issues, decimal point has been moved 2 points to right.
30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey
May 1937
1936
March
April
May
June
July
1937
!
Septem- October Novem- Decem- January
| August
ber
ber
ber
1
February
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS
Factory unadjusted (B. L. fi.)t-1923-25=100..
Durable goods groupf
_
-do
Iron and steel and productsf
do—
Blast furnaces, steel works, and rolling
mills
,—1923-25=100-.
Structural and ornamental metal work
1923-25=100Tin cans, etc
do
Lumber and products—
.do
Furniture
do
Millwork
do....
Sawmills.
do
Machinery t
do
Agricultural implernentsf
..do
Electric machinery, etc
do
Foundry and machine shop products
1923-25=100. _
Radios and phonographs
do
Metals, nonferrous
do
Aluminum mfrs
do
Brass, bronze, and copper products
1923-25=100Stamped and enameled ware.
do
Railroad repair shops
do
Electric railroads
do
Steam railroads
do
Stone, clay, and glass products
do
Brick, tile, and terra cotta
do
Cement
do
Glass
do
Transportation equipment!
do
Automobiles
do
Cars, electric and steam railroadf-do
Shipbuilding
..do....
Nondurable goods groupf
do
Chemicals and products
do
Chemicals
do
Druggists' preparations
do
Paints and varnishes*
do.,..
Petroleum refining
do
Rayon and products
do
Food and products
do
Baking..
do
Beverages
...do
Slaughtering and meat packing...do
Leather and products
do
Boots and shoes
do
Leather
do
Paper and printing
do
Paper and pulp
_
do
Rubber products
do
Rubber tires and tubes
do
Textiles and products
do
Fabricsdo
Wearing apparel
do
Tobacco manufactures.
do
Factory, unadjusted, by cities and States:
City or industrial area:
Baltimore
1929-31=100..
Chicago
1925-27=100..
Milwaukee,
do
New Yorkdo
Philadelphiaf
1923-25=100..
Pittsburgh
do.
Wilmington
do.
State:
Delaware
do_
Illinois
.1925-27=100Maryland
,
.1929-31 = 100Massachusetts.
.1925-27=100—
New Jersey
1923-25=100.
New York
1925-27=100Pennsylvaniaf
1923-25=100.
Wisconsin
1925-27=100Nonmanufacturing, unadjusted (B. L. S.):
Mining:
Anthracite
._
1929=100...
Bituminous coal.
do.
Metalliferous
.do.
Petroleum, crude, producing
do.
Quarrying and nonmetallic
do
Public utilities:
Electric light and power and manufactured
gas
1929-100Electric railroads, etc
do
Telephone and telegraph
do
101.2
99.8
112.9
77.6
71.8
75.4
79.3
76.0
79.7
80.8
78.5
83.0
81.1
79.0
84.6
80.2
75.9
81.8
83.5
77.0
86.8
83.6
77.2
87.1
89.0
85.3
93.2
90.7
88.9
95.8
95.1
93.1
102.0
90.6
86.5
99.4
'95.8
92.5
'103.9
127.8
83.1
89.1
92.9
94.5
92.5
98.1
97.7
101.8
105.0
115.4
115.9
'118.5
72. 6
103. S
64.1
76. 4
52. 6
47.3
125.9
169. 6
111.9
46.3
90.8
50.3
55.1
37.6
40.4
86.8
143.9
72.7
50.7
90.6
52.3
55.6
39.5
42.9
91.2
145.9
78.3
56.3
94.8
54.4
56.1
42.0
45.1
94.7
142.4
81.1
60.4
98.1
55.8
58.7
44.0
45.4
95.8
131. 4
83.3
61.3
98,4
54.5
59.9
42.3
43.3
92.8
108.3
82.9
65.5
108.8
58.9
68.4
46.9
44.8
93.9
91.5
82.6
66.0
112.5
60.3
71.1
46.5
45.8
94.7
87.1
84.3
68.5
97.2
63.5
76.9
49.8
47.1
102.7
105.9
92.7
65.5
92.2
60.8
77.6
49.6
42.7
105.6
102.0
96.8
65.7
93.5
60.5
78.3
50.7
41.6
113.6
121.5
103.1
63.3
94.4
54.9
71.4
47.3
37.1
110.0
130.6
97.0
'67. 5
' 99. 4
' 58. 2
' 75. 0
'50.4
'118.2
' 139.fi
' 107. 3
111.6
127.1
111.8
130.5
75.4
104.9
77.6
93.2
79.4
112.8
77.8
91.8
82.5
135.6
79.0
91.8
83.7
154.9
79.9
94.3
81.4
143. 3
77.4
96.1
83.9
164.7
82.9
100.4
85.0
180.9
88.0
98.9
90.2
177.9
99.7
110.6
93.3
169.4
102.0
114.9
100.2
167. 5
105.5
114.7
98.7
145.4
97.1
114.7
' 105. 0
'124.2
103. 5
121. 7
127.7
163. 0
65.8
67.2
65.9
65.8
42. 6
59.6
110.0
122.0
130.1
79.0
116.4
103.1
12S.4
140. 9
121.4
132.8
125.8
350. 4
104.1
124.5
210.7
91.4
92.5
89.1
107. 4
104 3
116.3
108.9
105.4
103. 2
97.5
110.2
53.1
80.0
121.5
60.9
63.6
60.8
48.2
28.0
39.3
87.7
87.0
94.4
46.0
90.9
84.9
104.5
107.1
106.5
108.7
109.6
282.0
90.2
109.5
180.5
75.0
73.1
69.2
89.0
89.3
94.2
66.7
55.6
85.7
78.7
96.0
46.5
81.1
127.4
58.6
62.5
58.4
52.4
32.3
47.3
90.7
99. 9
109.1
52.4
102.2
83.5
103.8
109.1
104.3
114.2
108.2
269.0
90.3
108.9
186.7
74.6
67.7
62.0
89.7
89.8
95.5
82.8
79.8
81.3
77.2
86.2
44.0
83.9
122.6
59.5
62.7
59.4
55.6
36.9
54.5
91.6
101. 6
111.1
51.6
102.3
83.8
105.4
111.3
102.1
120.2
110.0
273. 3
95.7
112.9
214.3
78.6
63.8
56.5
91.0
90.7
96.3
86.4
86.1
78.2
75.2
80.9
48.5
83.8
124.6
60.1
61.9
60.1
55.8
39.3
56.3
90.5
93.7
107.1
54.0
98.1
83.9
105. 4
113.3
99.4
120. 9
112.3
276.8
98.9
115.1
220.7
81.2
64.6
57.8
89.8
89.2
95.1
89.0
89.5
76.8
75.2
76.6
50.1
82.8
115.9
56.0
61.7
55.7
55.3
39.1
58.0
87.7
92.6
99.5
50.5
99.0
85.6
106.4
114.9
100.8
113.8
114.7
287.8
107.0
116.1
268.4
86.7
74.2
70.3
89.9
88.6
92.5
87.1
88.5
77.3
77.1
74.3
51.0
89.4
123.5
57.7
61.3
57.5
58.3
40.3
60.2
92.8
81.0
83.4
55.3
97.8
91.8
108.1
117.7
105.2
113.5
112.2
300.1
114.0
116. 2
237.1
87.5
80.3
77.2
94.0
89.4
96.9
90.8
91.6
87.4
83.0
92.4
53.5
95.2
123.0
59.2
61.3
59.1
58.2
39.4
61.0
91.2
76.3
77.3
52.6
99.4
91.6
112.0
120.1
107.2
114.0
116.3
302.4
116.5
117.9
227.1
85.1
75.7
70.7
95.5
92.0
95.2
92.2
91.9
83.9
80.5
87.0
53.3
102.9
154.4
63.9
63.5
64.0
62.5
41.3
62.0
103.0
95.8
101. 5
59.7
103.2
93.7
114.4
124.7
112.6
119.6
115.9
307.6
111.5
119.0
198.9
88.7
74.0
67.4
99.0
96.5
101.9
96.8
93.8
88.5
85.1
91.5
54.7
103.8
155.0
65.2
65.5
65.4
61.1
41.1
63.1
99.4
113.4
125.8
57.6
97.3
92.9
114.7
127.5
112.7
116.8
119.1
29S. 2
108.3
120.4
191.3
99.8
67.3
58.2
100.8
98.6
104.5
101.2
98.9
87.2
86.7
84.6
54.8
111.6
164.2
65.5
67.4
65.6
59.1
40.9
58.8
95.1
120.9
135.7
59.9
90.6
97.6
118. 3
132.5
112.5
121.6
119.5
321.3
105.7
119.8
187.6
101.5
78.3
71.4
105.0
102.6
108.6
104.8
99.7
94.6
96.8
86.3
55.4
113.1
148.4
61.2
64.5
61.1
52.5
36.2
49.6
83.8
100.6
108.1
58.8
96.1
95.9
119. 5
131.8
113.1
120.3
119.5
338.1
100.4
118.4
186.9
95.8
85.8
81.8
102.5
98.7
109.9
99.0
93.9
94.7
96.0
88.2
47.2
' 120. 2
' 154. 9
'63 4
'64.8
'63.4
' 59. S
'37.9
' 52. 6
'107.2
'112.3
'121.8
'66.7
' 97. 9
' 99. 9
123.6
' 135. 2
'119.3
' 127. 2
' 122. 7
344.5
101.3
118.5
70.6
118.1
81.0
103.0
123. 4
104.7
80.9
52.2
87.0
69.1
80.6
75.5
75.6
85.4
52.3
89.3
65.0
77.4
88.7
76.5
91.3
54.2
89.5
63.4
80.5
90.3
79.1
92.9
55.7
91.5
61.2
82.0
94.4
82.9
92.7
56.4
87.6
62.4
83.0
93.3
84.8
85.3
58.5
89.5
68.1
89.2
96.6
89.8
96.9
58.4
90.3
69.0
88.8
98.3
90.5
99.8
61.2
103.1
71.5
94.1
105.1
93.6
101.9
62.7
103.6
70.9
94.3
101.0
96.4
104.0
65.0
103.9
72.4
96.9
110.9
98.9
104.0
85.8
104.6
72.2
'97.3
' 106.1
'98.7
97.1
81.2
119.3
85.3
84.4
86.1
97.7
105. 9
69.9
60.8
84.4
65.3
66.4
67.2
69.1
79.2
70.8
61.3
88.4
66.0
67.4
66.4
73.0
79.0
73.5
62.8
93.2
65.4
68.8
66.6
74.6
80.4
76.9
64.4
94. 3
64.0
70.0
66.3
76.4
81.8
79.4
63.8
94.2
66.6
69.4
67.5
76.8
79.7
86.9
60.4
89.4
70.1
72.0
71.0
81.7
82.6
90.5
66.9
100.2
70.3
71.8
72.3
82.6
82.7
87.3
70.4
103.1
71.4
75.5
75.2
87.7
91.7
89.2
71.9
103.0
73.6
77.3
75.1
86.4
92.7
91.4
74.6
106.0
79.9
81.6
79.1
91.1
93.7
89.4
74.7
106.4
80.3
79.1
78.6
'89.4
93.9
91 3
78.2
110.3
82.0
81.5
80.9
'94.2
100.7
37.8
88.4
71.3
64.6
41.3
42.6
70.2
45.1
56.0
30.9
28.6
62.6
45.5
57.1
36.1
56.3
62.2
47.7
58.0
42.1
42.0
61.5
48.2
58.9
44.0
37.2
62.6
46.1
60.4
43.9
31.4
65. 4
48.2
59.7
46.2
34.9
71.0
50.0
60.4
44.8
48.5
79.2
53.7
59.6
46.2
40.3
80.7
54.6
60.1
43.5
55.4
85.0
57.7
61.3
39.4
42.7
80.0
57.9
61.0
34.9
41.0
82.4
63.9
63.3
37.4
95.6
69.2
87.1
67.8
77.2
86.2
65.9
76.0
87.0
66.1
78.5
88.1
66.8
77.4
89.8
66.5
79.9
89.8
66.5
81,2
91.4
66.4
78.8
92.7
67.7
83.1
91.8
69.7
81.6
93.8
69.3
82.4
92.1
68.3
84.0
92.5
68.8
82. 2
'39.7
>• 121. 9
' 189. 3
'88.4
90.9
'87.9
' 104. 6
' 100. 5
'113.5
' 104. 4
'101.3
' 100.1
'97.6
' 100. 9
'52.6
108.6
68.4
108.2
75.5
'99.4
'117.8
fRevised'series. Factory pay rolls, for revisions beginning January 1934, see table 13, p. 19, of the March 1937 issue. Pay-roll indexes for Philadelphia and Pennsylvania
revised for 1935 and 1936. Revisions not shown on p. 30 of the April 1937 Survey will appear in a subsequent issue.
31
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey
1937
1936
March
April
June
May
July
October
August September
D
ber
berm'
January February
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS-Continued
Nonmanufacturing—Continued.
Trade:
Retail, total.
1929=100..
General merchandising
__do
Other than general merchandising.do
Wholesale
do
Miscellaneous:
Dyeing and cleaning
__do
Laundries
do
Year round hotels
do
68.3
87.2
64.4
71.5
70.1
91.4
65.7
73.1
76.0
116.8
67.5
72.8
68.0
83.5
64.8
72.7
67.7
82.6
64.6
74.0
66.1
76.6
67.5
66.7
75.3
60.2
74.5
57.3
76.1
69.8
55.3
76.5
71.0
54.3
76.2
72.3
70.6
87.7
67.1
75.0
63.5
77.3
60.7
69.0
65.3
81.0
62.1
67.9
65.8
80.8
62.7
68.2
66.4
81.3
63. 3
68.4
65.1
77.3
62.6
69.0
64.4
76.4
61.9
69.7
82.8
63.3
70.5
61.6
77.5
73.6
56.4
69.9
66.0
64.1
70.9
66.3
72.2
75.6
67.0
69.2
75.8
64.8
79.0
66.0
63.2
76.7
66.1
WAGES—EARNINGS AND RATES
Factory, weekly earnings (25 industries)
(N. I. C. B.):
All wage earners
___
..dollars..
Male:
Skilled and semiskilled
do
Unskilled
_do____
Female
do
All wage earners...
_
1923=100..
Male:
Skilled and semiskilled
...do
Unskilled
do
Female
do
Factory average hourly earnings (25 industries)
(N. I. C. B.):
All wage earners
dollars..
Male:
Skilled and semiskilled
.do
Unskilled
do
Female
do....
Factory, weekly earnings, b y States:
Delaware—
1923-25=100..
Illinois
1925-27=100Massachusetts
do
New Jersey.
1923-25 = 100—
New Y o r k . . .
1925-27=100..
Pennsylvania
1923-25=100 _.
Wisconsin.
1925-27=100.Miscellaneous wage data:
Construction wage rates ( E . N . R.):§
Common labor
dol. per h o u r . .
Skilled l a b o r . .
„
...do....
F a r m wages, without board (quarterly) •
dol. per m o n t h . .
Railways, wages (average)
dol. per h o u r . .
Road -building wages, common labor, on
public works projects:
United States
dol. per h o u r . .
East North Central
do
East South Central
-do
Middle Atlantic.
do
Mountain States
do
New England
do
Pacific States
do
South Atlantic
-do
West North Central
do
West South Central
do
Steel industry wages:
U. S. Steel C o r p o r a t i o n !
do
Youngstown district.-percent base scale...
27.49
23.67
24.33
24.41
24.45
'24.20
'24. 76
'25.18
25. 51
'25.98
'26.63
26.11
'26.68
30.82
22.41
17.24
103. 3
26.43
19.14
15.24
89.0
27.18
19.60
15.15
91.4
27.32
19.67
14.98
91.7
27. 31
19.74
15. 00
91.9
26.88
19. 56
15,14
'90.9
27.49
20.04
15. 93
'93.0
28.16
20.25
15. 87
'94.6
28. 55
20.72
16.06
95.9
29.03
21.20
16.23
'97.6
30.27
21.88
16.92
100.1
29.88
21.65
16. 72
98.1
'30.02
'21.94
'17.00
'100.3
100. 0
100.6
100.0
85.8
85.9
88.4
88.2
88.0
87.9
88.7
88.3
86.9
88.6
88.6
87.0
87.2
87.8
87.8
89.2
89.9
92.4
91.4
90.9
92.1
92.7
93.0
93.2
94.2
95.2
94.1
98.2
98.2
98.1
97.0
97.2
97.0
'97.4
'98 5
'98.6
.659
.611
.613
.616
.617
.617
'.619
.619
.619
.624
'.637
.734
.535
.444
.676
. 493
.429
.680
.496
.430
.684
.498
.432
.685
.496
.429
.428
.495
.429
.496
.430
.689
.498
.431
.505
.431
.711
.517
.436
.715
.515
.438
.718
.518
.440
02.0
94. 1
98.3
109.3
95.9
104.8
100. 2
83.1
84.2
87.2
97.1
87.0
87.7
88.4
84.6
83.5
88.5
97.9
85.7
91.9
87.9
85.8
84.2
88.3
99.0
85.9
92.6
87.7
85.8
85.0
87.0
98.6
86.3
93.2
88.0
84.4
84.1
88.1
98.5
87.2
91.5
83.2
82.3
84.4
89.4
99.5
89.0
95.0
89.4
80.5
83.1
87.9
96.4
87.0
93.4
86.3
86.9
87.2
88.6
101.9
88.9
97.5
94.0
89.0
88.0
90.0
103.5
88.7
97.3
95.1
91.6
89.8
95.3
107.6
92.7
101.3
95.8
90.0
90.9
95.3
105.3
92.1
99.4
94.1
89.6
92.6
96.1
106. 7
92.9
102.4
98.8
.612
1.25
.547
1.13
.552
1.13
.558
1.14
.564
1.14
.554
1.15
.569
1.16
.569
1.16
.583
1.18
.583
1.18
1.18
.603
1.24
.603
1.24
.676
30.87
.670
.670
.663
32.21
.664
.665
.672
32. 84
.667
.37
.62
.30
.48
.55
.50
.59
.32
.47
.36
.38
.57
.30
.46
.55
.52
.57
.33
.46
.37
.42
,56
.30
.45
.57
.48
.55
.34
.48
.36
.42
.54
.30
.46
.56
.47
.55
.33
.49
,36
.42
.56
.30
.46
.56
.50
.54
.33
.49
.36
.41
.54
.30
.47
.57
.49
.51
.32
.50
.34
.42
.58
.31
.47
.485
115.0
.485
115.0
.485
115.0
.485
115.0
.485
117.0
O)
(b)
.575
'.642
31.37
"683"
.56
.32
.50
.34
.42
.60
.33
.48
.55
.51
.53
.33
.50
.35
.41
.63
.30
.48
.53
.47
.52
.31
.51
.34
.61
.30
.50
.50
.45
.51
.31
.50
.32
.39
.65
.30
.53
.60
.40
.57
.31
.50
.36
.485
117.0
.485
117.0
.485
117.0
.505
125.0
.525
125.0
.525
125. 0
.525
125.0
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mills, of dol..
Held by Federal Reserve banks: tf
For own account._
_..mills, of dol_.
For foreign correspondents
do .„
Held by group of accepting banks:
Total
.mills, of dol_.
Own bills
do
Purchased bills
do
Held by others. _
do
Com'l paper outstanding
do _
Agricultural loans outstanding:
Grand total
do
Farm mortgage loans, total
do
Federal land banks
do
Land bank commissioner. _
—do
Loans to cooperatives, total
do
Federal intermediate credit (direct)
mills, of dol__
Banks for cooperatives incl. Central
Bankmills, of dol__
Agricultural Marketing Act revolving
fund
mills, of dol__
r
h
396
359
344
331
316
316
308
315
330
349
373
387
401
317
150
166
80
290
321
150
171
38
180
310
143
167
34
174
297
155
142
34
184
276
129
147
40
169
278
131
147
37
188
279
140
139
29
205
276
139
137
39
197
296
150
147
34
199
309
157
152
40
191
315
151
164
57
215
325
154
171
62
244
341
161
180
61
268
3,374
2,892
2,058
834
110
'3,338
2,878
2,060
818
87
3,362
2,885
2,062
823
85
'3,375
2,890
2,063
827
82
3,381
2,891
2,064
827
84
'3,387
2,894
2,065
829
88
'3,384
2,899
2,067
832
89
'3,382
2,902
2,068
834
105
' 3 , 378
2,903
2,068
835
123
'3,371
2,902
2,066
836
130
'3,362
2,901
1,064
837
125
'3,352
2,898
2,061
836
120
'3,353
2,896
2,060
836
114
1
2
2
1
1
1
2
1
1
57
41
40
40
40
43
44
56
71
73
70
64
60
52
44
44
42
45
44
44
49
51
56
54
54
52
Revised.
« Less than 1 million dollars.
Data temporarily discontinued by reporting source.
§ Construction wage rates as of Apr. 1, 1937—common labor, $0,612; skilled labor, $1.25.
<? Since April 1935, Federal Reserve banks have held no bankers' acceptances.
• Farm wages as of Apr. 1, 1937, $34.16.
Basic rate for common labor.
32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935,
together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1937
March
May 1937
March
April
May
June
1937
October NovemAugust September
ber
July
December
January
February
FIN AN CE—Continued
BANKING-Continued
Agricultural loans outstanding—Continued.
373
Short term credit, total
mills, of dol._
Federal intermediate credit banks, loans
to and discounts for:
Regional agricultural credit corps.', prod,
credit ass'ns and banks for coopera144
tives
mills, of dol...
42
Other financing institutions
do
131
Production credit ass'ns
do
24
Kegional agr. credit corp
do
115
Emergency crop loans
.
do
60
Drought relief loans
do
126
Joint stock land banks in liquidation.._do
42,003
Bank debits, total
do
20,398
New York City
do
21,605
Outside New York City
do
Brokers' loans:
1, 159
To N. Y. S. E. members
do
By reportingmember banks:
To brokers and dealers in New York City
mills, of dol...
1,064
To brokers and dealers outside New York
City
mills, of dol...
241
Federal Reserve banks, condition, end of mo.:
Assets (resources) total
mills, of dol.__ 12, 339
Reserve bank, credit outstanding, total
2,458
mills, of dol._.
3
Bills bought
do
12
Bills discounted
do
2, 430
United States securities
do
9,141
Reserves, total
do
8,856
Gold
do....
12, 339
Liabilities, total
do
7,186
Deposits, total
do
Member bank reserve balances, total
6, 639
mills, of dol_.
1, 398
Excess reserves (estimated)
do.
4,174
Notes in circulation
_do
80.5
Reserve ratio
percent
Federal Reserve reporting member banks,
condition, end of month:
Deposits:
Demand, adjusted
.mills, of dol.. 15,126
5, 144
Time
do
12,907
Investments, total
...do
8, 396
U. S. Government direct obligations.do
1,199
U. S. Government guaranteed issues.do
3, 312
Other securities
do...
9, 366
Loans, total
do
410
Acceptances and commercial paper..do
1,157
On real estate
do._.
81
To banks
_
do
3, 356
On securities
do
4,362
Other loans
do...
Interest rates:
Acceptances, bankers' prime
percent...
Bank rates to customers:
2.50
In New York City
do
In eight other northern and eastern cities
3.34
percent. _
In twenty-seven southern and western
4.15
cities
percent..
Call loans, renewal (N. Y. S. E.)
do
1.00
Com'l paper, prime (4-6 mos.)
do
%
Discount rate, N. Y. F. R. Bank
do
1.50
Federal Land Bank loans
do
4.00
Intermediate credit bank loans
do
2.00
Time loans, 90 days (N. Y. S. E.) d o . —
Savings deposits:
Ui
N. Y. State savings banks
mills, of doL.
5. 278
U. S. Postal Savings:
1, 271
Balance to credit of depositors
do.
Balance on deposit in banks... - d o .
120
FAILURES
Commercial failures:
Grand total
number.
Commercial service, total
.do
Construction, total
do
Manufacturing, total
_do___
Chemicals and drugs
do...
Foods
do...
Forest products
do...
Fuels
do...
Iron and steel
do...
Leather and leather products d o . _ .
Machinery
do...
Paper, printing, and publishing...do
Stone, clay, and glass
do.__
Textiles
_do.._
Transportation equipment
do...
Miscellaneous
do...
Retail trade, total
do...
Wholesale trade, total
do
* Revised.
820
51
72
126
4
40
8
1
6
5
8
10
5
1
16
481
90
'373
'392
' 403
r 406
123
'49
116
40
104
64
162
37, 496
19,629
17, 867
133
'51
128
39
112
63
158
34, 783
17, 286
17, 497
140
' 53
135
38
114
63
154
33, 225
16, 227
16,998
144
'54
139
36
114
63
151
37, 505
18, 623
18, 882
997
1,064
970
990
1,032
220
209
11,127
2,473
r
405
' 396
'375
'352
'339
'336
'334
' 343
146
'55
141
35
112
62
147
34, 816
16,199
18, 617
144
' 55
136
33
111
62
145
31, 469
14, 363
17,106
139
' 50
122
31
110
62
142
33, 242
15, 656
17, 586
136
' 44
111
29
107
61
139
37,313
17,171
20,142
132
'41
105
26
105
61
136
35, 869
17, 394
18, 475
130
'41
105
25
104
60
133
45, 896
22, 658
23, 238
126
'40
106
24
104
60
130
39,479
19,096
20, 383
130
41
115
24
103
60
129
34, 526
16,907
17,620
989
967
974
972
975
984
1,051
1,026
1,075
1,154
973
907
958
972
933
969
1, 047
964
1, 024
238
253
220
205
222
220
212
242
240
11,184
11, 266
11, 574
11, 629
11,621
11,862
12, 057
12,208
12, 525
12, 297
12, 330
2,475
2,473
3
4
2,430
8,385
2,471
2,473
2,476
9
2,430
8,659
8,397
11,862
6,844
6
2,430
8,914
8,662
12, 057
7,035
2,500
3
3
2,430
9,121
8,865
12, 525
7,109
2, 465
3
8
2, 430
8,579
8,312
11,621
6,800
2,453
3
2,4307
9,048
8,810
12, 208
7,068
2,497
8,119
11,574
6, 585
2,462
3
4
2,430
8,503
8,210
11,629
6,758
3
2, 430
9,156
8,862
12, 297
7,257
r
8
2,430
8,027
7,680
11,127
6,497
5
2,430
8,049
7,717
11,184
6,524
2,474
3
5
2,430
8,132
7,837
11, 266
6,574
5,087
2,305
3,764
78.2
5,486
2,664
3,762
78.3
5,719
2,866
3,795
78.4
5,633
2,717
4,034
79.0
6,005
3,029
3,978
79.2
6,410
1,950
4,018
79.3
6,357
1,840
4,049
79.5
6,753
2,175
4,116
79.9
6, 788
2, 236
4,199
80.3
6,606
1,984
4,284
80.1
6, 781
2, 152
4,160
80.2
6, 695
2,078
4,190
80.4
13, 578
4,909
13, 229
8,643
1,265
3,321
8,392
352
1,144
88
3,313
3,495
14, 258
5,047
13,452
8,802
1,281
3,369
8,343
346
1,141
67
3, 304
3,485
14,580
5,035
13, 522
8,909
1,305
3,308
14, 679
5,011
14,159
9,510
1,289
3,360
8,460
315
1,145
62
3,319
3,619
14, 850
5,015
14,084
9,456
1,272
3,356
8, 294
319
1,144
58
3,173
3,600
14, 867
5,032
13, 809
9,263
1,236
3,310
8,454
318
1,145
65
3,177
3,749
15,116
5,063
13,929
9,336
1,256
3,337
8,753
311
1,139
112
3,242
3,949
15, 340
5,065
13, 796
9,274
1,257
3,265
8,721
313
1,143
53
3,179
4,033
15,464
5,037
13, 647
9,173
1,246
3,228
8,812
324
1,152
63
3,205
4,068
15, 571
5,067
13, 742
9,241
1,238
3,263
9,189
351
1,156
66
3,326
4,290
15, 493
5,077
13,638
9,149
1.214
3,275
8,941
392
1,151
60
3,238
4,100
15,501
5, 167
13,597
9,067
H
H
He
fia
fie
He
Me
M6-H
2.61
2.54
2.51
2.44
2.44
2.42
2.40
2.46
2.43
2.43
2.50
2.41
3.60
3.47
3.45
3.51
3.61
3.47
3.45
3.50
3.47
3.46
3.36
3.43
4.44
.75
4.40
.75
4.43
.93
%
1.50
4.00
2.00
4.39
1.00
4.35
1.00
4.25
1.00
4.29
1.00
4.23
1.00
4.24
1.00
4.14
1.00
4. 16
1.00
H
1.50
4.00
2.00
H
1.50
4.00
2.00
H
1.50
4.00
2.00
H
U
A
4. 15
1. 00
•H
1.50
4. 00
2. 00
U
r
0
315
1,147
92
3, 486
3,586
Q
3
Z
A
3
A
2. 480
9. 134
8,85ft
12, 330
1,208
3, 322
9,121
415
1, 149
86
3, 280
4,191
1.50
4.00
2.00
1
1.50
4.00
2.00
1
VA
IK
1H
1H
5,204
5,175
5,165
5,210
5,197
5,197
5,223
5,210
5,201
5,246
5, 244
5, 248
1,216
221
1,215
216
1,214
211
1,232
203
1,244
172
1,249
166
1,251
162
1,255
158
1, 257
'145
1,260
132
1,266
121
1,270
118
946
47
51
158
2
50
11
3
5
4
6
17
7
27
3
23
602
88
830
38
32
161
5
37
12
4
7
9
2
13
4
48
2
18
506
93
832
35
46
146
5
33
11
2
773
43
36
143
11
35
11
3
5
8
7
13
2
27
1
20
479
72
639
34
42
131
4
37
6
6
6
8
5
7
6
22
2
22
365
67
655
37
36
104
6
30
6
1
6
2
7
10
2
18
3
13
408
70
586
39
43
107
2
33
14
1
8
3
6
7
1
20
2
10
328
69
611
35
34
105
6
23
9
2
3
3
4
14
6
17
4
14
382
55
688
29
46
139
2
43
11
3
4
2
8
11
5
30
6
14
409
65
692
32
43
141
5
36
15
4
6
10
9
11
3
27
2
13
398
78
811
42
45
136
8
34
9
0
8
7
9
10
3
25
1
22
498
90
52
43
120
7
33
3
6
5
4
8
20
5
16
3
10
438
68
17
1
26
8
21
533
72
1.50
4.00
2.00
1.50
4.00
2.00
1.50
4.00
2.00
1.50
4.00
2.00
V4.
1.50
4.00
2.00
m
May
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data, may be found in the
1936 Supplement to the Survey
33
SURVEY OF CURRENT BUSINESS
1937
March
1937
1936
1937
March
April
May
June
July
Decem- January
October NovemAugust September
ber
ber
February
FINANCE—Continued
FAILURES—Continued
Commercial failures—Continued.
Liabilities:
Grand total
thous. of doL
Commercial service, total
_do
Construction, total
do___
Manufacturing, total
___do__.
Chemicals and drugs
do
Foods
do..-_
Forest products
do
Fuels
___do-._
Iron and steel
___do_.Leather and products
do
Machinery
do
Paper, printing, and publishing.do.._
Stone, clay, and glass...
do___
Textiles
.do...
Transportation equipment
do_ - _
Miscellaneous
do
Retail trade, total
do.__
Wholesale trade, total
do___
10,922
529
2,138
2,744
109
958
115
150
16, 271
650
4,484
4,371
21
707
248
1, 546
90
51
218
322
146
568
47
407
5,503
1,263
14,157
567
1, 570
4,959
108
762
169
122
154
140
93
1,020
808
625
110
848
5,581
1,480
15, 375
494
4,816
2, 709
90
389
264
94
124
108
128
374
4
406
517
211
5,933
1,423
9,177
638
1,050
2, 541
95
509
394
78
162
244
228
147
7
356
8
313
3,535
1, 413
9,904
1,314
1,873
2,347
51
329
62
84
586
128
129
112
94
373
83
316
3,197
1,173
8,271
602
1,498
1,852
225
340
209
35
112
33
205
178
12
253
101
151
3,255
1,164
9,819
557
1,148
3,212
148
487
377
45
190
208
403
258
5
848
27
216
3,391
1,511
8,266
501
573
3,469
423
1,391
378
43
89
33
65
405
103
211
94
234
2,888
835
11, 532
287
2,781
3,631
27
1,273
254
122
96
28
386
582
221
371
107
164
3,901
932
12, 288
478
1,601
3,121
27
774
329
57
48
696
234
144
145
477
69
121
3,135
3,953
8,661
326
1,015
2, 502
81
575
188
0
339
139
65
148
27
674
6
260
3, 746
1,072
9,771
1,169
1,279
2,711
66
1,017
49
291
28
63
251
272
36
197
311
130
3,571
1, 041
19, 354
4,279
773
3,506
19, 435
4,256
765
3,491
19,539
4,234
759
3,475
19, 640
4,220
752
3,468
19,775
4,198
746
3,452
19,875
4,188
739
3,449
19,997
4,172
733
3,439
20,119
4,167
726
3,441
20.239
4, J58
720
3,438
20, 380
4,166
718
3,448
20,516
4, 142
708
3,434
20, 609
4,127
703
3,424
9,412
4,018
2,022
2,608
764
2,713
9,508
4,076
2,043
2,629
760
2,705
9,639
4,170
2,049
2,651
770
2, 699
9, 795
4,293
2,060
2, 657
786
2,690
4,352
2,105
2,635
816
2,676
10,015
4,419
2,130
2, 643
823
2,667
10,098
4,437
2,183
2,647
831
2,661
10,227
4, 534
2,230
2,640
823
2,653
10,346
4,606
2,241
2, 645
854
2,647
10, 642
4,789
2,364
2,641
848
2,641
10,709
4,871
2,323
2, 652
863
2,632
10,867
4, 969
2, 340
2, 678
880
2, 623
1,175
51
862
262
917, 780
77, 956
25S,087
581, 737
285,221
31,807
12 t 925
66,397
174,092
1,147
32
890
226
771,311
56, 213
246,011
469,087
259,941
30, 781
9,790
58,223
161,147
1,113
30
868
216
741, 366
37, 213
244,356
459, 797
248,049
30, 487
10, 679
47,959
158,924
1,096
47
821
228
749,138
59,130
230, 464
459, 544
250, 655
30,380
9,365
55,009
155,901
1,079
37
805
237
768, 076
42,095
233, 333
492, 648
251, 841
27, 571
9,700
58,926
155,644
1,045
55
767
223
749, 491
79, 323
220, 672
449, 496
255, 954
32, 673
10,047
51, 522
161, 712
1,003
29
771
202
668,638
39, 540
221, 692
407,406
235, 996
26,182
9,054
58,685
142,075
952
30
725
198
630,831
35, 601
208,001
387,229
225, 486
25, 555
10,109
52, 490
137,332
1, 067
35
809
223
715,261
40, 507
232, 465
442, 289
239, 313
27,101
9,046
54, 734
148, 432
1,090
29
853
208
709, 051
43,124
236, 846
429, 081
240, 380
25, 592
9, 261
57, 440
148, 087
1,058
54
177
227
805, 077
80, 570
216,363
508,144
360, 242
67,687
11, 892
100, 271
180,392
893
25
670
197
670, 276
42, 051
195, 405
432,820
262,037
35,512
10,000
57, 286
159, 239
952
28
711
212
711,825
40, 247
212, 231
459,347
252,162
27, 297
11,186
56,917
156,762
604
253
63
71
217
525
222
56
62
185
506
210
56
62
178
504
211
54
60
179
533
224
58
62
189
99
513
208
57
63
185
452
175
56
57
164
426
168
49
56
153
491
201
52
62
176
478
196
52
60
170
561
221
61
71
208
97
462
201
43
54
164
488
213
45
58
172
.327
.168
.087
1.000
.052
4.90
.047
.402
.370
1.055
.286
.536
.090
.253
.799
.326
.169
.087
1.001
.052
4.89
.046
.402
.369
.053
.286
.540
.088
.252
.800
.327
.169
.087
1.001
.052
4.91
.047
.402
.371
.053
.285
.540
.077
. 253
.800
.327
. 109
.087
1.000
. 05'2
4.91
. 047
.402
.371
.053
K 285
.548
.071
.253
.789
.326
.169
.087
1.000
.052
4.89
.047
.402
.370
.053
3.285
. 547
.067
. 252
.789
123
62
340
243
99
319
3
223
3,927
1,584
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total
mills, of dol.
Mortgage loans, total
do...
Farm
_
_.do.__
Other
do-_Bonds and stocks held (book value), total
mills, of dol
Government
do
Public utility
do-__
Railroad
do__.
Other
do.._
Policy loans and premium notes
do...
Insurance written:
Policies and certificates, total number
thousands.
Group
do_._
Industrial
do___
Ordinary
do___
Value, total
--thous. of doL
Group
do
Industrial
do
Ordinary
do._.
Premium collections, total
do>-~
Annuities
do._.
Group
do._Industrial
do
Ordinary
„ do__.
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total.mills .of dol_
Eastern district
do.__
Far Western district
do
Southern district
do___
Western district
do.__
Lapse rates
1925-26=100.
MONETARY STATISTICS
Foreign exchange rates:
Argentina
dol. per paper peso_.331
.336
.326
.334
.330
.331
.335
.335
Belgium
dol. per belga_.
.169
.169
1.169
.168
.169
.169
.169
.170
Brazilc?
do], per milreis_.086
.086
.087
.085
.086
.085
.086
.085
Canada
_dol. per Canadian dol..
.998
.097
1.001
.995
.998
.999
1.000
1.000
Chile
dol. per peso..051
.052
.051
.051
.051
.052
.051
.052
England
dol. per £__
4.97
4.89
5.02
4.94
5.02
4.97
5.03
5.04
France
dol. per franc..
.066
.046
.066
.066
. 066
.066
.063
.066
1
Germany
dol. per reichsinark..
.403
.402
.403
.402
. 404
.403
.402
.401
India
dol. per rupee..375
.369
.379
.379
.373
.375
.379
K 380
J
.079
. 053
.079
Italy A
dol. per lira...
.079
.079
. 080
.079
.079
J
.291
.285
.294
.293
Japan
dol. per yen._
.289
. 289
.294
. 294
1
.676
.547
.677
.681
Netherlands
dol. per florin--.
.679
. 684
.679
.662
. 136
.061
.137
. 137
Spain §
dol. per peseta..
.137
.137
. 136
.123
.256
. 252
. 259
.259
Sweden
dol. per krona^.255
.256
K 260
.259
.797
.788
.797
.798
Uruguay
dol. per peso..
.800
.798
.797
.797
Gold:
10, 324
10,172
10, 202
Monetary stocks, U. S
mills, of doL- 11, 502
10, 514
10, 629
10, 674
10, 764
Movement, foreign:
-399
- 3 , 2 4 8 -24,781
969
-155
2, 293 - 1 1 , 9 4 5 - 2 8 , 8 0 5
Net release from earmark 5—thous. of dol—
39
695
32
42
Exports
do
2,315
77
51
154, 371
Imports
do
28,106 169, 957 277, 851
16, 074
7,795
67,524 171, 866
Net gold imports including gold released
from earmark®
thous. of doL- 153,933
27,900 166, 704 252, 993
6,449
17, 672
55, 547 143,019
Produdion, Rand
fine ounces...
33, 776 912, 639 938,050 944, 165 967,993 964, 517 967,328
Receipts at mint, domestic
do
185,768
56, 435 163,674
181,140 157, 081 264,140 228,557 237, 630
Money in circulation, total
mills, of doL.
6,062
5,892
5. 857
6,203
6,258
6,391
6,191
5, 918
1
1
Quotations partly nominal.
Less than $1000.
3 Largely nominal.
§ Quotations nominal beginning July 31, 1936. No quotation from Sept. 22 to 30, and from Nov. 1 to 13, 1936.
• Quotations nominal through Apr. 1, 1936.
"JOr increase in earmarked gold (—).
• Or exports (—).
' Revised.
10,983
11,116
11, 220
11,310
11,399
-11,253
117
218, 929
2,956
127
75,962
- 6 6 8 - 4 8 , 330
99
11
57, 070 121,336
-8,000
(2)
120,326
207, 559
977,425
273, 318
6,321
78, 791
944, 783
220, 645
6,401
56, 303
970,030
196,248
6, 563
Official rate.
72,995
986, 268
193,079
0,400
112,326
922,941
155, 332
6, 369
34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey
May 1937
1937
1936
March
April
May
June
Decem- January
October NovemAugust September
ber
ber
July
February
FINANCE—Continued
MONETARY STATISTICS-Continued
Silver:
Exports
.thous. of dol—
346
Imports
do
5,589
Price at New York
dol. perfineoz__ .451
Production, world
thous. offineoz._
Canada
__.do
Mexico
_._
do
United Statesdo
Stocks refinery, end of month:
United States
_
do
Canada.
_
_.do
237
8,115
.448
21, 259
1,845
6,840
5,329
1,757
755
535
4,490
19, 497
1,499
5,783
5,046
203
4,989
.449
19, 772
1,276
6,710
4,754
197
23, 981
448
21, 374
l f 450
7, 157
5, 293
138
6,574
.448
20,008
1,662
6,457
4,616
143
16, 637
.448
21, 504
1, 543
7,850
4,733
1,834
638
1,316
691
1, 151
409
1,101
345
1,535
317
.449
204
8,363
.448
21, 846
1,726
7,078
5,524
268
26,931
.448
21,614
2,083
5,417
6,391
411
4,451
.454
21, 339
1,357
6,400
5,561
236
2,267
.454
19, 594
1,619
3,748
6,165
612
2,846
.449
23,165
1,252
8,765
5,409
611
14,080
.448
779
545
1,247
510
985
403
1,050
1,023
1,347
1,512
970
754
34, 407
34, 502
34, 601
1,539
4,965
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (168 cos.)
mills, of doL.
Autos, parts, and accessories (28 cos.).do
Chemicals (13 cos.)
do
Food products and beverages (19 cos.).do
Machinery and machine manufactures
(17 cos.)'.
mills, of dol_.
Metals and mining (12 cos.)
do
Oil (13 cos.)--do...
Steel (11 cos.)
__.dO-__
Miscellaneous (55 cos.)
do
Telephones (net op. income) •
do._.
Other public utilities (net income) (53 cos.)
mills, of doL.
Railways, class I (net income)^
do.
Standard Statistics Co., I n e r t
Combined index, unadjusted (161 cos.)
1926=100..
Industrials (120 cos.)
do
Railroads (26 cos.)
.....do
Utilities (15 cos.)
do.
Combined index, adjusted (161 cos.)___do.
Industrials (120 cos.)
do.
Railroads (26 cos.)
do.
Utilities (15 cos.)-.
do.___
170.9
73.0
32.0
16.1
8.2
3.7
.1
7.3 !
21.5
54.2
P81.3
v 92. 1
p 1. 5
p 137. 4
»8S. 4
p 97. 6
269. 2
123.7
41.4
20.1
' 217.2
54. 7
42.6
24. 3
283.5
97.2
50.9
22.4
10.9
3 0
15.6
25.3
29.2
57.3
10.8
3.5
18.4
28.5
'34.4
56.4
11.3
6.3
13.0
39.2
43.2
69.2
47.6
4.2
44.4
66.5
55. 2
126.0
'80.0
'89.9
' 29. 6
103.3
'75.6
r 83. 7
' 7.9
117.2
'88.8
r 108.6
' 9.3
106. 5
' 83.7
' 97. 4
' 17.9
108.8
'61.4
' 7J.5
10.3
110.4
• 68. 5
'77.0
' 16. 0
102. 6
d
r
53. 6
154.6
112.5
127.1
' 40.4
146.2
P U B L I C F I N A N C E (FEDERAL)
31,459
31,425
Debt, gross, end of month
mills, of dol — 34, 728
Obligations fully guaranteed b y the U. S.
Government:
Amount outstanding by agencies, total
4, 654
4,676
mills, of dol_4, 6(56
1,411
1,407
Federal Farm Mortgage Corporation.do
1, 422
3,013
2,995
Home Owners' Loan Corporation . . . d o
2, 992
252
252
Reconstruction Finance Corporation.do
Expenditures, total (incl, emergency)
thous. of doL. 971, 663 643, 098 681,
Revenues, total
.
.
do
1,130,513 779,521 258,
35, 342 i 32,
Customs
.__.
do
52, 503
Internal revenue, total
-__do
931, 555 691,051 ! 202.
Income tax
__do
6S9, 003 404, 209 I 35.
Taxes from:
1,255 !
Admissions to theaters, etc
do
l t 539
3,911
2,
Capital stock transfers, etc
do
3,045
165
Sales of produce (future delivery) .do
392
336
Sales of radio sets, etc. _
do
361
Reconstruction Finance Corporation loans outstanding end of month:
Grand total
thous. of dol._ 2,064,942 2,649,851 2,632,263
852,120 846, 269
Section 5 as amended, total
do
6G8, 58,
Bank and trust companies including receivers
thous. of doL. 178.316 285, 504 276,109
5,194
5,557
Building and loan associations.._._do
2, 096
5, 207
5, 747
Insurance companies
do
3, 8(>3
124, 547 125,124
Mortgage loan companies
do
120, 330
389, 239 394,168
Railroads incl. receivers
do
340, 307
41, 643
40, 572
All other under section 5
do
17,013
Total Emergency Relief Construction Act,
as amended
thous. of doL. 576,983 775, 237 760, 567
Self-liquidating projects...
do
200,607 159,670 I 163,597
Financing of exports of agricultural surpluses
thous. of dol—
13, 584
47
47
Financing of agricultural commodities
and livestock
thous. of dol— 81,101 305, 546 300, 487
Amounts made available for relief and
work relief
thous. of doL. 289,228 296, 436 296,436
Total, Bank Conservation Act, as amended
thous. of dol— 029,522 877,327 877, 035
189.852 145,167 148, 392
Other loans and authorizations
do
d
31,636 j 33,779 ! 33,444 \ 33,380
33, 833
33, 833
4,718
1,422
3,044
252
4,724
1,422
3,050
252
4, 669
1,422
2,995
252
4,667
1,422
2,993
252
4,667
1. 422
2, 993
252
' 4, 662
1,422
' 2, 988
252
4, 669
1,422
2, 995
252
4, 687
1, 422
3,013
4, 667
1 422
2, 993
252
590. 006 2,406,077
274,415 564> 167
30,268
32,122
182,110 478, 229
34,517 303, 087
457,656
322, 726
31,580
288, 327
40,118
657, 703
366, 426
34, 763
254, 026
29, 656
712. 560
528, 129
35, 554
467, 642
284,421
739,979
301, 968
41. 342
199,248
31,634
591, 016
259, 963
35,452
176, 526
28,034
684, 821
552, 607
38,698
478,633
281,178
607,418
320, 034
40,518
207, 4S3
45, 246
645,053
330.310
41,726
237, 826
64,035
1,797
2,182
309
1,606
2. 954
271
640
2,195
3,178
325
906
3! 367
1, 473
3,743
500
4,703
1,422
3, 029
252
1,319
2,357
230
221
1, 532
1, 565
185
423
1, 568 j
1, 654
283
596
1, 384
2, 346
511
496
1,670 j
1,932
457
423
684
2,507,293 12,421,604 2,226,026 2,215,165 2,205,564 j 2.201,209 2,181,322 2,168,160 2,174,006 2.145,957
836, 510 818, 426 769, 261 763, 294 748,411 739, 643 718, 680 712,982 699,545
090,932
267,001
4,919
5,180
126, 534
393.027
39,974
258, 287
4,026
5.115
123, 175
388, 432
39, 391
246, 523
3,814
4,972
124, 864
350,841
38, 247
236,880
3, 653
4, 890
129,632
350,948
37,311
226, 451
3,378
4, 429
129,108
349,261
35, 784
648, 518
172,538
628,682
168,489
564, 487
174, 249
570, 670
180,045
577, 607
184, 418
47
47
47
47
47
179, 517
163, 732
93, 777
94,355
97,147
99,195
99,643
296,416
296, 414
296, 414
290, 223
295,995
295,759
295,657
872,194
150, 071
821, 704
152, 792
722, 910
169,368
706, 395
174,806
702,151
177, 395
695,987
181,510
201,432
2,483
4,030
131,181
345, 980
27, 876
191,524
2, 309
4,015
130, 345
345, 502
31, 390
208, 669
2,714
4,147
127,439
345,190
30, 521
25,790
184, 530
2,214
3,935
129.710
345, 447
25, 096
584,069
189,068
587, 863
192,516
588,997
193,252
630,045
198,339
030 918
204, 839
2,902
4,284
128,368
353, 810
• N u m b e r varies.
Deficit.
v PrsUmmary.
1 Figures shown on p . 54 of t h e 1936 Supplement are in thousands of dollars instead of in millions as the box head indicates.
f D a t a revised for 1935 and 1936. Revisions not shown above will appear in a subsequent issue.
33,794
47
100,043 I 130,305
130,67S
295, 655
295,354
295, 354
691,987 684, 046
182, 792 182,135
' Revised.
663,17!
181,245
64C,363
1S3, 744
^Latest quarter estimated.
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
March
35
1936
March
April
May
June
July
1937
February
Decem- January
August SeptemOctober November
ber
ber
FINANCE—Continued
CAPITAL FLOTATIONS
New Security Registrations
New securities effectively registered with the
Securities and Exchange Commission:
Issues, total
number..
113
Common stock
do
68
Preferred stock
do
19
Certificates of participation, etc
do
14
Secured bonds
do
7
Debentures; and short-term notes
do
5
Estimated gross proceeds, total
thous. of doL. 469, 907 583, 391
Common stock
do
231, 006 81, 519
Preferred stock
do
36, 364 28,793
Certificates of participation, etc
do
7,442
16, 543
Secured bonds
do
164, 408 334, 716
Debentures and short-term notes
do
21, 527 130, 921
128
59
22
17
21
9
83
46
15
13
5
4
751, 013 319, 319
168, 638 88,913
31, 506
53,973
35, 373 13,713
379, 436 79,118
113, 593 106, 069
104
40
19
16
14
15
110
47
14
27
14
114
59
23
10
14
79
46
16
6
7
4
523,439 362, 925 286, 022 260, 080
120, 487 84, 066 92, 750 76,140
77, 317 15,131 35, 728 29,271
32,898
4, 660 17, 212
1,300
159,700 170,987 45, 634 127,918
165,636
9,539
59,843 107, 250
124
53
27
9
21
14
69
30
10
7
18
4
93
43
13
17
14
6
408
126
531
548
635
567
429, 990
85, 622
134, 719
11,082
146,509
52, 057
491, 400
168, 474
38, 215
52, 249
212,500
19, 902
622, 486
537, 486
0
305, 973
132, 641
250
881
881
0
0
77, 735
63,336
31,130
26,000
205,513
85, 000
522, 300
423, 360
0
354, 363
131,313
0
17, 873
17, 873
0
0
145, 688
46, 635
12, 854
25, 200
43, 798
99, 000
248, 526
248,526
102, 456
0
140, 070
I373, 960
203, 517
168,188
108.188
129, 842
4. 000
34, 340
354, 173
224, 521
475, 509
158, 996
146, 977
382, 004
214,006
110,357
82,311 , /5,544
92,904 225,248
8,389
26,627 | 89,120 | 28,597
r 43, 875
r133,475
67
32
11
10
11
3
526, 330 266,026
112, 777 47, 421
55, 643 30, 201
29, 245
7,192
104, 752 159,036
223,913
22,176
698
167
34
39
234
222,
Securities Issued
(Commercial and Financial Chronicle)
Amount, al) issues f.__
_thous. of doL.
Domestic ssuesf
_-.do
Foreign
do
Corporate, total
do
Industrial
_do
Investment trusts
-do
Land, buildings, etc., total
do
Long term issues
do
Apartments and hotels,.-.
do
Office and commercial
do
Public utilities
_._do
Railroads
__do
Miscellaneous
do
Farm loan and Gov't agencies
do.—
Municipal, States, etcf
__do
Foreign issues
do
Purpose of issue:
New capital, total.f
do
Domestic, totalf
do
Corporate
do
Farm loan and Gov't agencies
do
Municipal, State, etcj
do
Refunding, totalf.
do.....
Corporate
do
Type of securities (all issues):
Bonds and notes, totalt
do
Corporate
do
Stocks
--do
381, 515
381,515
0
318, 645
54,459
0
1, 606
1,606
0
0
161, 500
73, 823
27, 257
4,067
58, 804
0
766,921
743,421
0
594,853
101,833
0
0
0
0
0
260, 779
223,391
8,850
20, 000
•128,568
23, 500
1,002,703
941, 203
0
687, 751
236,693
0
0
0
0
0
315, 587
122,197
33,273
198, 7.18
84,734
61,500
419,917
419,917
0
304,993
133,822
4,800
148
0
0
0
116,096
48, 727
1, 400
9,671
105, 253
0
733, 907
733,907
0
527, 630
199,653
0
1,903
0
0
0
185, 336
106,795
33,943
94, 429
111,848
0
338, 779
338, 779
0
294,393
49,050
7,125
1,000
0
0
0
149,804
49,690
37,724
2,080
42, 306
0
297, 258 409, 462
297, 258 409, 462
0
{}
232,438 250,050
16,001 88,142
0
0
4,500
973
0
0
0
0
0
0
43,473 121,050
24,475
51,500
11,983
120,492
0
7,800
57, 020 159,402
0
0
465, 771
450,771
15, 000
381,402
64, 462
0
6,320
0
0
0
264.288
9', 150
37,182
1,000
83,194
15, 000
380, 934
357, 434
0
264,004
91, 368
0
100
0
0
0
109.337
16, 379
46, 820
28, 454
64,816
23, 500
724, 220
724, 220
0
625,912
88,875
1,000
3,249
0
0
0
395,594
49,230
87,958
2,660
96,998
0
184, 594
184, 594
137, 5S9
0
47, 004
196,922
181,055
'127, 543
127,543
58,816
11.000
r
57, 728
•639, 377
536,037
176,679
176, 679
127,879
0
48,800
826, 024
559,872
112, 587
112,587
37,608
5,900
69.080
307, 330
267,385
219, 686
219, 686
151, 874
1,000
66,812
514, 220
375,756
103,164 218, 074 179, 487
103,164 218,074 179,487
69,809 170, 799 74, 590
0
0
0
33, 355 47, 275 104, 895
235, 614 79,184 229, 975
224, 583 61,639 175.460
174, 512
189, 512
109, 885
0
79, 452
276, 258
271,517
158, 071
158.071
109, 077
0
48, 833
222, 803
129, 927
265, 850
265, 850
218, 206
0
48, 994
458,371
407, 707
323, 799 743,42
938, 205 380,049
260, 929 571, 361 623,252 265,125
57, 710' 23, 492 64, 498 39,868
654,721 305,580
448, 444 261,194
33,199
79,186
265, 993 364,037 393, 683 358.696 592, 927
201,173 204,625 309,314 241,766 494,019
31,265 45,425 I, 72,088
22, 238 131, 294
i
(Bond Buyer)
State and municipal issues:
Permanent (long term)__
Temporary (short term)
!
thous. of doL.
do
88,216
23, 587
119,995
37, 219
111,954
74, 814
96, 541 118,092
10, 700 91,889
43,934 67,447
22,746 I 18,201
159,481
51,748
178
COMMODITY MARKETS
Volume of trading in grain futures:
Wheat
thous. of bu._ 1,170,136
Corn..do._._ 151, 721
SECUBITY MARKETS
466,193 ( 800,684
52,161 I 92,053
!
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.) i
dollars..] 93.88
93.90
94.47
Domestic
do 1 96.86
96.69
97.26
Foreign
do | 68.48
79.21
79.76
Domestic (Dow-Jones) (40 bonds)
percent of par 4% bond..
94.97
98. 80
96.50
Industrials (10 bonds).__
...do
101 76 101. 39
103. 79
Public utilities (10 bonds)
do
97. 51
98. 21
98.14
Rails, high grade (10 bonds)
..do
126. 34 126. 22
122. 70
Rails, second grade (10 bonds)
do
74. 32
SO. 05
70. 70
Domestic (Stand. Stat.)
Corporate (45 bonds).„
dollars-.
102.3
1.04. 4
103. 7
Municipal (15 bonds).._.
do
116.2
116.0
116.9
U. S. Government (Stand. Stat.):
7 bonds
do
110.0
110.2
109.1
Sales (Securities and Exchange Commission):
Total on all exchanges:
Market value
thous. of dol__ 438, 960 336, 206 251, 878
Par value
do___ 494, 965 410,410 301,433
On New York Stock Exchange:
Market value
thous. of dol._ 389,143 261, 553 197, 277
Par value
d o . . 442, 002 323, 695 236, 792
Sales on N. Y. S. E. } exclusive of stopped sales
(Dow-Jones):
Par value:
Total
thous. of doL. 672, 927 1,275,275 774, 052
Liberty and Treasury bonds
do j 502, 000 ,809,000 180, 000
'Revised.
t Revised series. For 1936 revisions see p. 35 of the March 1937 issue.
591,079
80,460
768,278 1,328,691 11.032,278 662,183
148,124 415,816 } 395,058 I 213,787
514,893
113, 037
775. 898
129,909
518,782 11,164,158 | 777,85/
230, 599 258,319 j 109,, 100
93. 83
97.38
67.47
94.24
97.63
67.87
94.78
98.19
68.39
95.39
98.81
68.68
95.79
99.27
68.00
95.92
99.41
68.16
97.01
110.55
68. 63
97.35 ! 96.83
100.70 i 100.05
69. 10 ! 09. 78
90. 64
99.83
70,02
94.88
101. 09
98.14
126. 90
70.43
96.11
102. 09
98. 69
127.15
72.31
97.35
103. 68
98. 86
126. 58
74. 45
99.38
104. 06
100. 88
126. 98
77.78
101.19
105.18
101. 55
128. 37
80.74
102.59
105. 62
102. 22
129.49
83.21
102. 70
106. 78
102.17
130. 68
82.34
103.
107.
101.
132.
82.
04
41
08
32
51
102.91
107. 50
101.32
131.28
82.75
101.32
105.54
100.73
120.38
82.22
102.7
116.2
102.6
116.9
102.4
117.4
103.0
117.8
104. 3
118.8
104.9
119.5
105.4
122.1
105.4
124. 8
105. 8
123. 5
101.5
119.7
110.3
110.4
110.3
110.8
111.1
111.0
111.8
208, 596 283, 772 292,443
249, 620 332,383 350, 594
221. 368
275, 306
287,861
378, 520
329, 488
420, 739
293, 709
353, 380
317, 484
446, 393
309, 610
428, 010
270, 698
340, 200
163, 983 231,088
197, 217 271,044
179, 5?»4
225,927
240,020
322,466
274. 094
353, 830
246, 072
297, 521
261,214
379,805
255, 434
365, 679
234, 188
300, 008
238, 071
287, 510
111.0
i
231, 827 2,586,314 291, 650
0
0 2,135,000
224,923 1,087,961
0 914,000
396,197
0
197, 835
0
521, 209
245, 354
0 i
225 293
36
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1938 Supplement to the Survey
1937
March
May 1937
1936
April
March
May
June
July
August
1937
Se
e m
Piber
p " October
No
m
™
ber -
De
e m
<l
berr " January
February
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds—Continued
Value, issues listed on N . Y. S. E.:
Par, all issues
mills, of dol.~
Domestic issues
do
Foreign issues
do
Market value, all issues
do
Domestic issues
do
Foreign issues
__.do
Yields:
Standard statistics:
Corporate issues (45 bonds)
percent..
Industrials (15 bonds)
do
Public utilities (15 bonds)—
-do
Railroads (15 bonds)
do
Municipals (15 bonds)
do
Bond Buyer domestic municipals (20 bonds)
percent-.
U. S. Treasury bonds__
.do
46, 994
42. 045
4,949
44,116
40, 726
3,389
44,255
37,196
7,059
41,807
36,177
5,630
44,223
37,150
7,073
41,525
35,922
5,603
42, 255
37, 242
5,013
39,648
36, 266
3, 382
4.36
4.48
4.17
4.43
2.72
4.24
4.32
4.01
4.37
2.78
4.28
4.38
4.00
4.45
2.76
4.34
4.45
4.04
4.52
2.76
3.15
2.50
3.03
2.54
3.12
2.51
3.00
2.50
200, 042
192, 324
7,718
162,174
155, 519
6,655
1,345.5 1 1,355.8
923.92 I 923.92
44,164
39,128
5,036
41,619
38, 201
3,418
43,981
38,947
5,034
41,685
38, 242
3,443
44, 279
39, 241
5,038
42, 236
38, 776
3,460
45,211
40,178
5,033
43, 305
39, 883
3, 422
45,018
39,988
5,031
43,180
39, 751
3,429
45, 026
40, 038
4,988
43, 680
40, 257
3,423
46,280
41, 301
4,979
45, 054
41, 613
3, 441
4.34
4.44
4.03
4.56 I
2.72 j
4.35
4.45
4.02
4.58
2.70
4.32
4.42
4.02
4.52
2.68
4.24
4.40
4.00
4.33
2.62
4.21
4.40
4.01
4.24
2.58
4.18
4.33
4.00
4.22
2.45
4.18
4. 30
4.00
4.24
2.31
2.99
2.50
2.95
2.50
2.91
2.43
2.86
2.41
2.85
2.42
2.69
2.29
2.62
409, 552
375, 035
34,517
263,830
237,655
26,175
236,196
215, 003
21,193
331.918
317, 088
14,830
1, 385. 2
923. 92
1,397.4
923. 92
1, 457. 2
923.94
1.50
2.98
1.38
2.39
1.86
1.21
1.51
3.00
1.41
2.03
1.86
1.21
1. 58
3.00
1.48
2.09
1.95
1.21
46.592
46. 572
41.630 i 41, 593
4,961
4,979
45,113
45, 007
41,651
41, 521
3, 462
3,486
4.16
4.29
4.02
4.17
2 38
2 74
4.24
4.36
4.09
4.26
2.57
231, 730
226,642
5,088
233,697 880,262 437,541 233,330
226, 269 814, 406 407,957 I 212,837
7,428 65, 856 29,584 1 20,493
358, 909
3b2, 406
26, 503
1,517.4
923. 94
1, 539. 6
923. 99
1, 568. 2 1, 825. 6 1,876. 2
923. 99 923. 99 923. 50
1.64
3.00
1.56
2.09
1.96
1.21
1.67
3. 04
1.58
2.13
1.99
1.21
2.90
2.31
Cash Dividend Payments and Rates
Dividend payments (N .Y. Times):
Total
thous. of doL- 249,402
244,089
Industrials and misc
do
5,313
Railroads
do
Dividend payments and rates (Moody's):
Annual payments at current rates (600 companies)
mills, of dol_. 1,885. 7
Number of shares, adjusted
millions-. 923. 50
Dividend rate per share (weighted average)
2.04
(600 cos.)
dollars..
3.07
Banks (21)
do....
2.02
Industrials (492 cos.)
.do
2.25
Insurance (21 cos.)
.do
2.08
Public utilities (30 cos.)
do....
1.77
Railroads (36 cos.)
do
1.46
2.98
1.33
2.39
1.86
1.21
1.47
2.98
1.34
2.39
1.86
1.21
1.98
3.04
1.96
2.14
2.04
1.55
1.70
3.04
1.62
2.14
2.01
1.21
2.03
3.07
2.01
2.21
2.09
1.77
Stocks
1, S84. 0 1,886.9
923. 50
923. 50
2.04
3.07
2.02
2.25
2.09
1.77
2.04
3.07
2.02
2.25
2.09
1.77
Prices:
|
Dow-Jones:
i
183.5
188.0
155. 9
155.2
155.8
149.3
165.9
167. 8
182.1
180.1
162.3
175.0
Industrials (30 stocks)
dol. per share..
188. 4
36.4
35.0
30.9
34.7
34.9
34.9
31.7
34.5
30.0
32.3
34.6
35.1
Public utilities (20 stocks)
do
33.1
57.4
53.9
55.1
48.0
47.2
55.8
56.7
44.5
47.0
54.0
Railroads (20 stocks)
do....
61. 7
51.5
58.7
138. 67
120. 95
121. 63
119.46
124.28
131.55
133. 48
138. 39 141. 46 136. 46 139. 48
New York Times (50 stocks)
d o . . . . 137.19
130. 74
231. 11 235. 41
231. 77
203. 97
206.14
222. 54
203. 36
211. 69
220. 56
230. 40 238.88
Industrials (25 stocks)
do
225. 73
221.15
45. 58
37.12
44.42
41. 81
43.56
37. 94
35.57
36.88
42.55
44.04
46.38
Railroads (25 stocks)
do
48.70
40. 33
Standard Statistics:
129.5
108. 7
114.1
109.2
124. 2 * 122. 8 «• 126. 0
Combined index (419 stocks)___1926=100.. 129.9
108.9
101.0
105. 6
113. 0
118.7
151. 7
124. 6
130.2
144.3 ' 142. 6 r 146. 3
125. 3
116.2
120.6
128.4
124.3
136. 0
Industrials (347 stocks)
do
| 152.6
110.6 r 113.2
110.7
102.8
107.7
102.0
108.8
108.9
101.5
94.7
105. 8
109.1
Public utilities (40 stocks)
do
! 105. 7
54.4
57.9
49.2
47.7
53. 9
55, 4
57.9
48.9
45.0
r 55. 6
50.7
58.4
Railroads (32 stocks)
do
62.8
65.0
76.5
70.6
90.6
66.4
75.1
70.4
64.1
62.6
72.1
75.3
78.9
Banks N. Y. (19 stocks)
do
' 88.0
95.2
96.5
98.3
98.4
102.1
94.1
96.1
94.2
96.1
93.8
98.7
Fire insurance (18 stocks)
do
I 97.0
Sales:
i
Market value of shares sold (S. E. C ) :
I
On all registered exchanges, total
i
thous. of doL. 12,977,570 2,429,960 1,936,202 1,223,444 1,164,147 1,765,391 1,435,776 1,594,411 2,241,462 2,530,464 2,358,956 2,663,064 2,701,226
On New York Stock Exchange
do J2,62S,767 2,092,308 1,679,839 1,077,672 1,002,190 1,526,176 1,248,924 1,387,439 1,948,171 2,188,579 2,025,678 2,246,887 12,332,408
Number of shares sold:
On all registered exchanges, total (S. E. C.)
50,937
94,299 99,756 117,097 i 107,061
59, 627 79,992
46,756
43,937
64, 728
78,137
thous. of shares._ 117,436 101,923
81,687
72,004
71,123
37,109
44, 535 60,019
35, 943
48,272
31,897
On N. Y. S. E., total (S. E. C.)
do
83, 720
75, 532 56,935
Exclusive of odd lot and stopped sales
26, 564
30, 872 43,998
50, 470 48, 605 58,676
20, 615
21, 428
34, 787
50, 255
(N. Y. Times)
thous. of shares.. 50, 344 51, 025 39,616
Shares listed, N. Y. S. E.:
61,912
62, 618
54,532
55,105
54. 067
58, 507 60, 020 59,878
Market value all listed shares..mills, of dol._ 62, 468 51, 668 47, 774
50,912
49,998
1,374
1,344
1,348
1, 349
1,356
1,337
1,340
1,341
1,330
1, 339
1,300 | 1, 367
Number of shares listed
millions.. 1,380
Yields:
4.0 j
3.9
3.4
3.9
3.8
3.4
3.5
3.5
3.4
Common stocks (200)*
percent..
3.9
3.3
3.6
4.0 '
3.8
3.8
3.3
3.9
3.4
3.3
3.2
3.3
Industrials (125 stocks)*
do
3.8
3.0
3.3
3.5
3.3
3. 5
2.4
2.2
3.0
2.4
2.8
2.5
2.8
Rails (25 stocks)*
.
do
3.1
2.8
3.0
4.7
4.6
4.4
4.6
4.6
4.4
4.4
4.5
4.4
Utilities (25 stocks)*
do
5.0
4.5
4.5
4.9
2.8
3.4
3.2
3.3
3.1
3.4
3.4
3.6
3.3
Banks (15 stocks)*
do
2.8
3.9
3.7
4.0
3.1
3.0
3.1
3.0
3.1
3.0
2.8
Insurance (10 stocks)*
do
3.2
3.0
2.9
3.9
3.7
4.1
Preferred stocks, Standard Statistics:
4.99
5.04
5.02
4.94
5.04
5.06
Industrials, high grade (20)
do_.
5.06
5.03
5.03
5.02
5. 04
5.07
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number..! 639,227
Foreign
do I 7, 265
Pennsylvania Railroad Co., total
do j 217,016
Foreign
do j 3,020
U. S. Steel Corporation, total
do
| 164,271
Foreign
._do
3,130
Shares held by brokers
percent of total., j 24,81
653,435
7,859
225,120
3,101
181,493
3,870
21.75
L
i
|
!
!
I
I 649,876 |_._
7,804
223,844
3, 08^
177,758
3,941
22.72
645,457
7,540 I
221, 327
3, 076
173, 633
3, 866
23. 51
I
j
641,168 I
7,382 I
218,720 I
055
170,448
3, 781
23. 92
r
Revised.
* New series.
For data for period June 1929-July 1936, and a description of the series on yields of 200 common stocks, see p. 18 of the Sept. 1936 issue.
37
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey
1936
M arch
April
May
June
July
1937
Decem- January
August SeptemOctober November
ber
ber
February
FOREIGN TRADE
INDEXES
Exports:
68
Total value, unadjusted
..1923-25= 100..
67
Total value, adjusted
do
U. S. merchandise, unadjusted:
95
Quantity
....
do
Value
do
68
Unit value.
do
71
Imports:
Total value, unadjusted
..do
95
Total value, adjusted
do
85
Imports for consumption, unadjusted:
155
Quantity
1923-25=100..
93
Value
do
60
Unit value
do
Exports of agricultural products, quantity:
Total:
Unadjusted
1910-14 = 100..
Adjusted
do
Total, excluding cotton:
Unadjusted
do
Adjusted
_..
do
VALUE
Exports, inol. reexports..
thous. of dol-_ 256,390
By grand divisions and countries:
Africa
do
Asia and Oceania
do
Japan
do
Europe
do
France—
do
Germany
do
Italy
do
United Kingdom
do
North America, northern
do
Canada
do
North America, southern
do_._.
Mexico
do
1
South America
do
j
Argentina
do
Brazil
do
Chile
--do
By economic classes (U. S. mdse. only):
Total
thous. of doL. 252, 268
52,152
Crude materials
do
34,272
Cotton, unmanufactured
do
17, 475
Foodstuffs, total..
do
4,100
Foodstuffs, crude
do
13,375
Foodstuffs, mfgd
do
5, 510
Fruits and prep
do
3,151
Meats and fats..
do
1,927
Wheat and
flour
do
53, 005
Manufactures, semi
do
129, 635
Manufactures, finished-.
do
28.819
Autos and parts
do
5,349
Gasoline
do
36,985
Machinery
_do
306, 699
General imports, total
-.do
By grand divisions and countries:
Africa
do
Asia and Oceania
_
do
Japan
do
Europe
do
France
do
Germany
do
Italy
do
United Kingdom
do
North America, northern
do—
Canada
_
.do
North America, southern
...do
Mexico
do
South America
-do
Argentina
.do
Brazil
do
Chile
do....
By economic classes (imports for consumption):
Total
thous. of doL. 295,928
91, 616
Crude materials
do.
45, 251
Foodstuffs, crude
do
52, 162
Foodstuffs, manufactured
do
57, 853
Manufactures, semi
.do
49,
046
Manufactures, finished
do
51
51
51
53
53
56
49
55
47
54
47
51
58
55
70
57
59
52
61
57
58
57
61
67
79
52
65
77
51
66
83
53
64
74
48
66
72
47
66
71
47
66
86
58
68
104
70
68
89
60
67
89
61
68
85
59
69
62
70
62
55
63
58
59
58
59
62
60
65
60
62
67
70
66
64
61
61
76
76
74
74
87
115
61
53
116
63
54
110
59
54
114
61
53
115
62
54
117
63
54
124
68
55
123
67
54
114
63
55
135
75
56
125
71
57
140
81
58
44
52
45
54
40
52
27
39
33
40
68
63
99
74
76
59
66
52
64
57
58
62
34
36
33
35
31
35
39
39
47
44
61
53
41
38
37
35
40
39
38
42
192, 629
200,666
184,908
179, 828 178,314
194, 792
220,149
264, 740
225, 766
229, 739
221, 550
232, 504
8,828
33,570
10, 764
69, 978
8, 484
5,840
2,285
33, 223
32, 251
31, 516
18, 528
6,348
15,159
4,124
3,557
1,071
9,451
43, 654
21, 328
98, 937
14.929
10, 213
2,868
47, 498
32,142
31, 498
19, 370
6,381
16,596
4,S46
3, 516
1,051
10,919
51,065
26, 663
122,697
17,102
10,905
5, 699
59,511
39,180
38,442
21,456
6,670
19,423
5,296
5,032
1,272
8,208
44,200
24,100
98,236
11,410
9,550
5,401
43,839
36,539
35,905
19,771
6,799
18,812
5, 320
4,867
1,288
12, 651
41,180
16, 433
99, 863
15, 808
8, 995
5,907
40, 623
33,137
32, 556
22, 616
7,723
20, 291
6,317
4,237
1,579
10,094
49,281
22, 364
88, 677
13, 492
7, 056
6, 633
35, 282
31, 687
31, 297
22,047
6, 965
19, 763
5,312
4,162
1, 668
10, 604
49,816
24, 745
95, 474
13,101
8, 882
6,071
38, 847
31,926
31, 643
24, 591
7,877
20,093
5,928
3,979
1,554
192, 081 189, 408 196,913 180, 601 176, 397 175, 556
44, 486 40, 431 42, 627 39, 310 30, 379 38,127
26, 322 22, 764 22, 905 19, 707 10, 788 12, 360
16, 848 14,199
15, 925 14, 509 15, 036 19, 675
5,087
4,949
4,621
4, 402
3,774
5, 725
11, 761
9, 250 11,304
10,107
11, 262 13, 950
5,475
5, 258
6, 756
4,144
4,952
8,719
3,340
3,496
3,982
4, 231
4,088
3,135
1,391
1,439
1, 464
1,281
1,335
1, 656
32, 096 33, 802 35,115
34,107
33, 282 32, 287
98, 652 100, 976 103,245 92, 674 97, 701 85, 467
23, 955 22, 972 22, 532 19,135
16, 915 12, 359
5,059
3, 265
5,570
4, 366
5, 036
4,983
27, 872 30, 651 29, 611 25, 962 29, 311 25, 178
198, 686 202, 789 191,110 190,387 194,114 192, 375
217, 535
72, 819
38, 221
23, 349
5,697
17, 652
10, 438
3,013
2, 424
31, 860
89,508
12, 451
5,495
27, 307
215, 645
261,963
100,418
58,402
24, 923
7,490
17,433
11,831
3, 409
2,541
36, 668
99,953
15,766
4,534
31,760
212,464
223, 321
82,173
46,969
13, 697
4,369
9,328
4,579
3,560
1,429
32,826
94, 626
21, 218
5,307
26,408
196,491
226, 605
67, 383
40, 220
13,112
3,644
9,468
3,776
3,325
1, 931
34, 901
111,208
28, 769
3, 993
30, 788
244, 321
217, 949
60, 587
37, 461
13,062
3, 598
9,464
4,263
2,980
1,894
34,156
110,144
27, 586
5,882
31,532
240, 396
229,050
54,410
34, 066
22, 524
3, 522
19, 002
9,903
2,624
1,815
37,937
114, 179
25,974
5, 062
31,475
277, 805
3,164
60,845
16,948
57,089
5,759
6,023
2,480
15, 444
36, 620
36,161
12, 515
3,258
22,141
4,173
7,682
1,667
3,585
67, 733
16,017
66, 291
5,905
7,212
3,171
17, 524
36,015
34, 998
17,103
3,055
24,918
6,546
9,455
1,476
3,581
61,189
15,930
70, 722
6,807
8,767
4,756
18, 548
39, 008
38, 532
13,166
3,691
24, 739
7,585
8,758
1,601
3,800
53,698
15, 340
64, 695
6,165
6,567
4,416
16, 625
38,775
38, 331
12, 377
3,435
23,146
7,583
8,466
980
6,284
66,805
16, 427
80, 890
7,137
7,616
4,812
26, 443
39,550
39,010
17, 607
4,640
33,184
8,181
11, 462
2, 520
7, 573
76, 843
17, 083
67, 213
5, 859
7,717
4, 291
18, 453
33,975
33,089
22, 361
5, 088
32, 431
8, 467
11, 534
2,898
9, 350
92,112
18,382
73, 209
6, 800
6, 394
4,162
19,056
30,811
30, 568
27, 787
5,509
44, 536
16,199
10,999
5,119
194, 281 199, 787 188, 421 193,622 196, 516 200,090
57, 749 62, 076 55,071
54, 612 56,022 61,663
31, 221 28, 690 21, 759 22,893
24, 529 28, 627
32,338
37,035 34,080 36,065
34, 726 27, 630
36,127 37, 577 38,456 43,056
42,660
40,814
36,847 34,409 39, 056
38,579
41,356
218, 370
69, 437
31,063
33,149
40,817
43,904
213,209
62,758
33,802
27,512
40, 536
48, 601
200,391
61,226
30, 582
27,705
40, 638
40, 241
239.835
75, 383
40, 221
33, 036
48, 967
42, 228
8,930
124
10, 021
125
10, 553
38,332
16, 401
82,932
8,388
9, 489
5, 891
32,012
27, 945
27, 356
19, 593
6.395
15; 438
3,876
4,109
1,274
5,504
59, 766
12, 670
55, 789
5,385
6,490
2,812
16, 949
26, 675
26,309
24, 828
5,240
26,125
5,700
9,469
2,448
9,215
39, 337
16,211
78, 247
9,311
7, 787
4,827
27,954
32.128
31, 557
17, 902
5,932
15,801
4,031
3,70i
1,562
6,468
66,479
13,141
50, 408
4,357
5, 687
2, 708
14, 299
27.129
26, 921
27,209
5,090
25,095
5,564
7,186
3,555
9,328
38,902
14, 680
78,097
7,301
7, 240
5, 697
30, 450
37, 500
36, 693
18, 535
6,243
18,306
4,507
4,475
1, 676
4,250
58,263
12, 053
54, 665
4,888
6,036
3,375
14,770
30,100
29, 749
24,190
4,087
19, 641
3,821
5, 923
2,896
8, 628
38, 766
13, 627
69,400
8, 893
6, 541
4,299
27,066
35, 498
34,875
16, 789
5,800
15,828
4,662
3,757
2,425
60, 236
11,088
53,543
4,163
5,866
2,904
14, 540
29, 917
29,409
24, 214
4,052
20,052
3,060
6,950
1,508
10, 562
35, 725
11, 975
64, 462
8,448
7,041
2,873
27, 381
32, 016
31,296
17, 819
6,830
19, 243
5,957
3,560
1, 540
2,803
66,099
12,187
55,049
4, 657
7, 570
2,861
14, 305
30, 990
30, 594
19,149
4,044
20,024
3, 597
7,241
1,433
682
045
727
648
533
729
260, 320
90, 930
41, 399
34, 929
52, 187
40, 875
8.075
8.075
847, 775 803, 620
62, 446 57, 834
8.075
757, 518
55,042
228,
77,
38,
29,
46,
36,
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
Operating income
_.
..thous. of doL
_do._-
8,245
126
8,396
123
8,579
110
8,435
123
8,323
119
8.099
814,298
58,752
8.092
790, 697
57, 627
8.092
788, 307
57, 426
8.092
758, 943
55, 553
8.092
720,396
53, 553
8,371
120
115
8, 975
120
Electric Street Railways
Fares, average, cash rate—
Passengers carried
Operating revenues....
8.041
cents..
thousands.. 859,898
thous. of doL.
8.075
8.075
704,446 I 737,523
52,612 I 54,701
8.075
8.075
814,254 777,157
59, 900 57,047
38
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
May
1936
1937
March
March
April
May
June
1937
Decem- January
August SeptemOctober November
ber
ber
July
1937
February
TRANSPORTATION AND COMMUNICATIONS—Continued
TBANSPORTATION—Continued
Steam Railways
Freight carloading (Federal Reserve):
Combined index, unadjusted._1923-25=100._
Coal
do__.
Coke
do
Forest products
do
Grain and products
do
Livestock
do
Merchandise, 1. c. 1
do
Ore
do
Miscellaneous
do
Combined index, adjusted
do
Coal
do
Coke
do !
Forest products
do \
Grain and products
__do I
Livestock
do j
Merchandise, 1. c. 1
do i
Ore
do.___i
Miscellaneous
do j
Freight carloading (A. A. R.):
I
Total cars 1_._
thousands. J
Coal
do._-_i
Coke
do...
Forest products
do.
Grain and products
do.
Livestock
do.
Merchandise, 1. c. L
do_
Ore
do.
Miscellaneous
do.
Freight-car surplus, total
do
Box cars
-do j
Coal cars
do j
Financial operations (Class I Railways):
Operating revenues, total
thous. of dol__.
Freight
-do j
Passenger
_.do
Operating expenses
do
Net railway operating income
do
Net income
do
Operating results:
Freight carried 1-mile
mils, of tons...
Revenue per ton-mile
cents
Passengers carried 1 mile
millions
Canals:
Waterway Traffic
Cape Cod
..thous. of short tons..
New York State
do
Panama, total
thous. of long tons..
In U. S. vessels
..do
St. Lawrence
thous. of short tons..
Sault Ste. Marie
do
Suez...
thous. of metric tons..
Welland
thous. of short tons__
Rivers:
Allegheny
do
Mississippi (Government barges)
do
Monongahela
__do
Ohio (Pittsburgh district)
do
Clearances, vessels in foreign trade:
Total
thous. of net tons...
Foreign
do
United States
do
Travel
Operations on scheduled airlines:
Express carried
pounds.
Miles
flown
thous. of miles.
Passenger-miles
flown
do..Passengers carried
number.
Hotels:
Average sale per occupied room
dollars.
Rooms occupied
percent of total.
Restaurant sales index
1929=100.
Foreign travel:
Arrivals, U. S. citizens
number.
Departures, U. S. citizens
_.do._.
Emigrants
do___
Immigrants
do...
Passports issued
do_-_
National Parks:t
Visitors
do—
Automobiles
do—
Pullman Co.:
Revenue passengers carried
thousands.
Revenues, total
thous. of dol.
COMMUNICATIONS
Telephones: §
Operating revenues
thous. of dol.
Station revenues
do
Tolls, message
do._.
Operating expenses
do...
Net operating income
do
Phones in service end of mo
thousands.
Telegraphs and cables:
Operating revenues
thous. of dol.
Commercial telegraph tolls
__.do.-Operating expenses
__do.__
Operating income
do...
I
84
90
87
49
69
65
69
133
97
73
79
85
48
62
49
66
95
82
80
92
96
49
73
59
68
73
92
80
84
93
51
69
51
67
105
94
74
92
97
46
71
45
66
23
83
86
86
90
57
73
45
71
95
107
4,096
791
53
178
161
109
856
264
1, 683
112
65
17
3, 013
625
45
136
131
77
651
113
236
121
63
23
2, 776
625
45
132
130
,59
632
33
1,119
133
65
30
391,457
326,056
33.914
358 548
298, 220
32. 083
372. 265
299, 231
39, 262
257, 424
72
91
101
49
64
34
66
71
65
70
46
69
37
66
107
83
70
73
70
44
84
39
64
71
80
72
61
69
48
77
35
66
130
83
70
70
75
46
89
41
06
72
79
2,545
445
28
121
123
50
647
35
1. 096
179
97
42
3, 352
557
41
162
155
61
795
187
1,394
185
105
2,787
426
33
139
140
47
649
202
1, 151
170
90
41
30S.25S 313,410
251,779 I 258,322
30,516 I 80,653
236,547 i 235,073
'35,152
41,548
<* 8,316 d 2,295
320,966
262,727
30,351
27,992 I 28,145
.994 | 1.015
1, 539 ! 1, 578
29,894
.975
1,578
2«, 760
1.023
1,941
31,144
1.002
2, 261
32, 076
.971
2.308
33, 049
.964
2,064
37,148
. 955
1,913
33, 865
. 957
1, 798
33, 980
.963
2,164
227
228
2,430
1,023
187
37
2,091
95
270
568
2,420
940
1,300
8,710
2,215
1, 618
228
616
2,460
989
1, 207
9,835
1,981
1, 444
258
738
2,450
976
997
10,951
2,150
1,322
232
605
2.396
1,058
1, 060
10, 699
2, 554
1,366
258
821
2,526
1, 054
1,130
11,041
2,172
1,407
281
722
2,463
962
1,386
10, 789
2,172
1,646
255
717
1, 747
485
999
7, 094
2, 302
1, 308
288
0
1, 539
214
22
373
2, 346
232
325
0 i
1,856 i
281 j
0!
0 i
2,689 !
0|
275
0
1,840
407
0
0
0
200
0
2,634
981
0
0
2,149
0
236
131
2, 689
1,337
56
140
1,327
520
226
188
1,928
863
365
200
2, 361
1,246
367
155
2, 457
1,319
405
143
2.564
1,399
404
138
2, 623
1,461
378
127
2, 569
1,425
428
129
2,661
1,452
134
129
2 446
1, 355
260
103
2, 601
1, 372
129
79
1,896
854
193
89
2,496
1,325
4,639
3,225
1,414
4, S72
3, 329
1,542
6,057
3,901
2,155
6,134
4,121
2,013
6,564
4,418
2,146
6, 886
4, 694
2,192
4,606
2,061
5,973
4.209
1,764
4, 881
3, 631
1, 249
4, 351
3, 255
1, 096
4,199
3, 156
1.043
4,244
2,997
1,248
663,721 554,030
5,301
4,199
'37,952
21 379
82, 022 46, 012
500,004
4,600
26,108
58,008
61
40
86
41
63
53
77
39
118
3, 003
670
47
151
lio
4.V,
682
44
1 240
:
113
58
17
377,813
313,SSI
34,9-2
260, 272
69, 379
317
0
3,016
1,255
0
0
580,602
5,486
34,584
74,972
' 2, 415
' 424
' 28
122
r 134
48
r 620
24
1,017
205
104
81
75
65
73
47
117
41
66
139
84
73
74
83
48
98
49
67
77
80
71
50
88
46
67
141
85
70
71
79
47
73
52
67
82
2,826 I
434 |
35
131
212
52
628
209
1,125
147
77
I
41
3,701
605
43
1S1
217
77
828
274
1, 476
146
V I
81
30
82
80
83
50
71
57
70
150
95
72
74
85
47
58
48
67
93
80
3, 061
531
39
139
127
73
663
226
1,264
125
71
23
330,692 349, 744 350,585 | 357,207
268, 542 I283,914 283,602 I 291,772
34,845
39, 18;
>~ I 39,321 i 36,356
240,234 241,812 24S,366 24(5,299 248,553
50,313
41,842
61,774
64,681
70,166
8,902
«* 2, 420
19,283
20,857
26,406
535,736 483,505 483, 798 701,142 613,837 565.358
4,860
4,885
5,511
6,043
6,046
5,620
31, 730 30, 326 40,097
40, 252 44, 364 43,109
70,926
71, 449 96, 368 97,453 111,072 106,143
261,212 248,285
89, 851 72,411
30, 083
46,234
652, 930 799, 266 751, 890
5,756
5 639
5,913
43,510
44,411
42 891
101, 239 102,917 96 019
3.09
68
89
2.89
65
78
3.00
68
93
2.85
64
2.97
64
93
2.98
61
3.10
61
91
3.09
66
91
3.14
69
95
15,151
30, 678
26,081
2,108
2,591
8,071
24, 808
24,149
2,134
3,016
15, 509
20, 010
21, 686
2,643
3,067
27, 725
21, 038
22, 732
2, 527
3,008
31,305
30, 346
36, 361
2,780
3,571
16, 980
61, 230
57,067
3,004
3,891
8,198
63,575
48, 693
2,612
4,606
6,564
33,176
36, 246
2,436
5,101
5,659
16
22
2
3
5
47,083
14,120
67, 767 144,034 1311, 391 655, 786 622, 721 258, 495
20,068
91,575 182, 958 175,090
43,128
77, 712
49, 678
70
89
97
42
65
42
64
26
78
80
79
88
48
68 '
40 '
68
108
80
83
89
48
66
68
114
95
3,317
628
4S
140
117
•15
640
42
1. 117
'113
54
19
340
148
08
764
49
1, 322
131
€4
26
321,027
331,685
268, 651
264.167
S7[ J4'
33,016
253, C.C4 244, 146
38, 359
38,437
•' 4, 59S d 5, 727
33,130
: 898
2,030
32, 212
I
i
|
I
6
?
.12
70
92
3.22
66
90
19,573
21, 222
2,653
4,082
6,104
19,
21,
1,
2,
7,
686
757
897
958
046
27, 680
30, 655
1,413
3, 224
7,716
46 127
14 102
43, 715
13,019
50,307
14, 211
40,608
11, 530
3.28
65
96
3.10
60
91
973
983
708
871
865
77,783
24,926
1,312
4,479
1,353
4,438
1,295
4,163
1,430
4,705
1,516
5,019
1,565
5,211
1,519
4,929
1,469
4,959
1 351
4 309
1,497
4,772
1, 605
5,697
1,385
4,973
57, 594
23,459
59, 582
19,165
14,921
88, 754
57, 667
23,298
59,543
18,818
15,004
89, 209
57,864
23,486
59, 614
19,182
15, 0?8
89, 680
57, 673
24,116
59,778
19,268
15,111
91,129
57,681
25,406
62,136
18, 298
15, 549
89, 571
56, 727
24, 692
59,960
18,853
15, 622
90, 668
58,441
24,095
60,923
19, 277
15, 762
93,979
60,781
24, 984
61,910
22,142
15,880
92 393
60 285
23 ,843
61 ,363
21 ,274
15 ,961
96, 638
62,045
26, 340
63, 891
23,822
16,067
94 277
61 457
24 420
61 453
20, 774
16,160
91,263
60,138
22,658
60,301
19,072
16,259
10,046
7, 757
8,288
1,326
9,996
7,742
8,156
1,407
10,025
7,787
8,302
1,292
10,551
8,244
8,513
1.603
10, 534
8,258
8,718
1,399
10,121
7,917
8,616
1,088
10,321
8,010
10, 564
8,134
8,600
1,438
9 ,803
7 ,541
8,310
1 .070
11,893
9,326
9,800
1,481
10 326
8 049
8 854
878
1,300
d
••Revised.
Deficit.
t Revised series. For revisions for period 1919-36 seep. 20 of the December 1936 issue.
\ Data for May, August, October 1936 and January 1937 are for 5 weeks; other months, 4 weeks.
§ While the number of telephone carriers reporting has varied somewhat, the coverage has shown very little change, and the series are comparable for all practical purposes.
39
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data, may be found in the
March
1936 Supplement to the Survey
1937
1936
March
April
May
June
July
Decem- January
October NovemAugust September
ber
ber
February
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
6,534
Consumption
thous. of wine gaL.
6,542
Production
do
1,275
Stocks, end of month
do
Alcohol, ethyl:
Production
thous. of proof gal.. 19, 883
25, 218
Stocks, warehoused, end of mo
do
11, 2.53
Withdrawn for denaturing
do
2, 926
Withdrawn, tax paid
do
Methanol:
Exports, refined
,
gallons.. 30,149
.36
Price, refined, wholesale (N. Y.).dol. per gal. Production:
Crude (wood distilled)
gallons... 546, 662
2,071,747
Synthetic
do
Explosives, shipments
thous. of lb... 42, 838
Sulphur production (quarterly):
Louisiana
long tons..
Texas
do
Sulphuric acid (fertilizer manufactures):
Consumed in production of fertilizer
short tons.. 196,134
Price, wholesale, 66°, at works
15. 50
dol. per short ton...
Production
short tons.. 193, 979
Purchases:
24, 782
From fertilizer manufacturers
do
From others
do.... 47,' 680
Shipments:
21,137
To fertilizer manufacturers
do
To others
do
50,985
5,645
5,693
1,767
5,942
6,006
1, 836
6,864
7,635
2,607
7,302
7,409
2,707
6,117
6,101
2, 666
6,949
6,927
2,635
8,478
8,604
2,756
16,103
15,034
1,682
12, 946
12, 584
1,311
11, 243
11,079
1,131
6,715
6,810
1,509
5,410
5,477
1,273
14, 303
22, 429
9, 512
2, 054
12, 818
21, 146
10, 295
2, 441
14, 668
21,311
13,109
1,989
14, 620
21, 300
12, 605
2,119
17, 744
25, 047
10, 591
2,780
17, 998
27, 475
12, 458
2, 529
16,893
26, 363
15. 298
2,359
22,086
18,842
26, 258
2,952
20,170
13, 360
22,161
3, 215
19, 943
9, 702
19, 456
3,315
18, 707
14,035
11, 553
2, 272
17, 572
19, 821
9,334
2, 094
73, 349 41, 915 40, 897 19, 496 18, 090 48, 400 34, 976 66, 689 30, 888 146, 621 48, 891 205 156
.38
.36
.38
.38
.38
.38
.38
.38
.38
.38
476, 496 426. 313 427, 079 413, 930 384,751 447,499 ! 429,500 511,541 520, 722 548, 982 525, 070 500, 685
,631,832 1,692,921 1,754,998 1,863,405 1,950,825 2,309,377 2,695,591 3,278,052 1,417,755 >,009,952 1,835,815 1, 849,302
25, 514 27,483
30,394 I 31,471
30, 484 32, 567
27,894
34,151 36, 472 37, 453 35,055
28, 272
72. 022
384, 671
79.772
389, 608
106.. 785
81,921
82,396
95,168
15.50 | 15.50 I 15.50 15. 50
141, 339 119,565 126, 419 122, 681
62, 700
513,286
73, 605
436, 338
99, 325
114,521
120, 370
163,265 175,123
104,320 | T54.S8O
180,560
15. 50
15. 50
15. 50
15. 50
15.50 15.50
15. 50
121,166 I 141, 501 135, 717 169,814 176, 500 182,217 | 176,492
29, 712
21,111
30, 065
23, 383
32, 304
22, 918
43,439
31,710
39, 203
44, 523
15. 50
178, 979
43, 844 I r 34, 201
494
34, 272 ! r 40, 372
749
22, 106
53, 351
31, 221
45, 962
24, 103
51,118
23,477
56, 538
27, 388
57, 756
37, 840
44, 86u
i
15, 722
15,988
22, 307
54, 306
10.721
12,273
13,258
55, 451
'1,396
178,789
31,552
133,762
139
173,708
134,406
62,115
4,252
31,749
1,023
117,628
17,515
91,481
301
189,085
149,968
100,9,82
3,368
28,553
1.325
1.325
13,518
16, 725
20, 870
53, 492
15, 437
26, 922
18.129
49, 744
38. 739
47,1 (59
551
804
100
178
414
123, 609 68, 721 61,002
12,004
12,106
8,00(5
99, 750 53, 393 49,340
450
119
173
99,001 161,112 199,312
49,126
67, 345 80,513
2,683 29,431
52,633
3, 951
3,526
5, 580
40, 884 87, 983 111,929
741
286
405
418
122
207
851
711
164
249
FERTILIZERS
Consumption, Southern States
thous. of short tons...}
Exports, total
long tons.
Nitrogenous
do
Phosphate materials
do
Prepared fertilizers
do
Imports, total
do
Nitrogenous
do
Nitrate of soda
do
Phosphates
do
Potash_
do
Price, wholesale, nitrate of soda, 95 percent
(N. Y.)
dol. perewt..
Superphosphate (bulk):
Production
short tons...
Shipments to consumers
do
Stocks, end of month
do
1,752
23, 430
77, 396
224
260, 223
181, 213
97. 979
15, 752
55, 193
1.375
249
84
44
61
145
138
144,811 101,923 151, 082 126, 899 150,753 173,426
19,767
7,400
13.311
9,131
14.470
37,286
116,448
89,691 123, 950 105, 539 121, 554 127,067
513
85
298
158
269
799
140,334
64,619
75,888
64,514
72, 382 167,050
107, 828 58,866
35,320
36, 250 32, 651 48,958
6,773
69, 733 36, 216
19,513
5,640
1,383
1, 779
2,837
7, 348
4.619
4,480
2,494
24, 844 19, 427 32, 310 57,967
8,677
6,065
1.325
1.325
1.325
1.325
1.325
1.375
1.375
1.375
1.375
257, 728 216,558 203, 945 225. 485 243,162 256, 792 299, 065 369, 335 389, 369 393, 600 377, 200 371. 882
238,498 219, 340 119, 612 45,817
9,510
21,113 127, 378 72, 254 32.137
23, 502 35, 023
69, 007
953, 739 742,105 702. 335 721, 243 770, 79Q 845, 381 876, 563 985,632 ,117,011 ,133,640 1,125,576 1, 075. 640
NAVAL STORES
Pine oil, production
.__
gallons.. 439, 006
Rosin, gum:
9.13
Price, wholesale, " B " (N. Y.)__dol. per bbl..
Receipts, net, 3 ports
bbl. (500 lb.)__ 27, 818
109,057
Stocks, 3 ports, end of month
do
Rosin, wood:
60, 947
Production
do
75, 725
Stocks, end of month
..do
Turpentine, gum. spirits of:
.44
Price, wholesale (N. Y.)
dol. per gaL.
4. 577
Receipts, net, 3 ports
bbl. (50 gal.)..
76,986
Stocks, 3 ports, end of month
do
Turpentine, wood:
9,840
Production
do
23, 535
Stocks, end of month
do
346, 676 374, 585 368,304
371,036
4.45
32, 002
156, 291
4.51
58,894
144,782
51, 326
83, 346
54,209
87, 257
53, 640
93,152
.42
4,800
114,789
.40
15,157
99, 320
.38
.40
27, 418
23,470
99, 562 105,141
8,580
10, 733
8,662
10, 610
365, 784 415,922
4.50
5.12
5.83
82, 736 97, 781 108, 648
144, 258 156, 592 173,946
8,636
9,275
52, 418
92, 945
8,093
7,492
55,151
79,128
405, 527 404,105
413,078
404, 052
405, 642
7.29
81,814
194,175
8.25
70,372
192,780
10.32
71,307
190,325
10.95
48, 861
167,947
9.98
25, 296
128,241
57,809
77,718
.41
18,533
113,702
58,023
57, 261
65, 416
00, 620
63, 924
58,068
62, 392
.48
5, 646
96, 090
.47
2,004
85, 070
8,578
10,228
.43
.47
14,457
11,620
109, 955 105, 431
8, 731
8,866
9,160
12, 634 14,840
16, 906
9, 632
IS, 768
9, 061
21,196
290
82, 753
360
130, 545
404,932
6.91
7.23
101, 939 95, 693
188,065 194,883
58, 572
76,110
57, 789
77, 767
.42
.43
29,810
26.173
108, 550 113,983
.42
21,894
114,127
8, 523
7,669
8,785
8,019
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and Fish
Oils (Quarterly)
Animal fats:
Consumption, factory
..thous. of Reproduction
..do
Stocks, end of quarter...
do
Greases:
Consumption, factory
do
Production
do
Stocks, end of quarter
.do
Lard compounds and substitutes:
Production
_
_.do
Stocks, end of quarter..
.do
Fish oils:
Consumption, factory
_
.do
Production
do
Stocks, end of quarter..
do
176, 605
384,461
391,123
208, 694
396, 857
384, 249
245, 453
375, 493
358, 645
229,922
463,972
402, 244
46, 813
71,680
68, 243
46, 611
75, 208
69, 354
53, 265
82,139
64, 321
58,413
89,332
60,731
333, 200
36, 797
349, 861
39,156
438, 606
40, 619
432,209
44,930
65,874
45, 364
205,121
67, 334
12, 006
147, 700
77, 074
82, 201
155, 492
82, 502
123, 684
216,156
Vegetable Oils and Products
Vegetable oils, total:
Consumption, crude, factory
Exports
Imports
Production (quarterly)
Stocks, end of quarter:
Crude.
Refined
r
Revised.
_._
_
(quarterly)
thous. of lb_
do
.do
do
_do
do
854,835
747
89, 745
478
82, 003 107,837
707, 370
743, 420
593, 446
557
87,928
688,802
245
75, 455
400, 555
628,160
492,852
490
84,853
_...
405
77, 886
718, 747
362
62,429
484,565
551,613
288, 572
394
1,228
—
189
83,079
1,114,164
190
86,164
962,462
575,8!
486,208
40
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1937
March
May 1937
March
April
May
June
1937
Decem- January
October NovemAugust September
ber
ber
July
February
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS—Con.
Vegetable Oils and Products—Continued
Copra:
Consumption, factory (quarterly)
short tons..
Imports
do
Stocks, end of quarter
_do
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)___
__thous. of lb__
Refined (quarterly)
do
In oleomargarine
do
Imports
do
Production (quarterly):
Crude__
do
Refined
do
Stocks, end of quarter:
Crude
do—,
Refined
do
Cottonseed:
i
Consumption (crush)
short tons—:
Receipts at mills
do
Stocks at mills, end of mo
do
Cottonseed cake and meal:
Exports
-do
Production
do
Stocks at mills, end of mo
do
Cottonseed oil, crude:
Production
thous. of lb._
Stocks, end of month
do
Cottonseed oil, refined:
Consumption, factory (quarterly)
do
In oleomargarine
do
Price, summer, yellow, prime (N. Y.)
dol. perlb...
Production
thous. of lb__
Stocks, end of month
do j
Flaxseed:
!
Imports
thous. of bu_.
Minneapolis and Duluth:
Receipts
_
___do
Shipments
do
Stocks, end of month.
do i
Oil mills (quarterly):
Consumption
do
Stocks, end of quarter__
__do
Price, wholesale, No. 1 (Mpls.)--dol. per bu._
Production (crop est.)
thous. of bu_.
Stocks, Argentina, end of mo
do
Linseed cake and meal:
Exports
thous. of lb__
Shipments from Minneapolis.
...do
Linseed oil:
Consumption, factory (quarterly)
thous. of lb._
Price, wholesale (N. Y.)__
-dol. perlb..
Production (quarterly).
.thous. oflb._
Shipments from Minneapolis
do
Stocks at factory, end of quarter.. _
do
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb_Price, standard, uncolored (Chicago)
dol. per lb_.
Production
thous. of lb._
Vegetable shortenings:
Price, tierces (Chicago)._
dol. per lb__
17, 651
16,971
II, 908
56,449
11, 636
16,896
12, 334
40,336
9, 979
32, 569
140.350
84, 904
9,736
14, 820
17,416
,789
9,554
33,835
11 ,749
1-1,273
72, 049
83,629 ;
I
129,894 i
16,074
!
40,283 I 36,455
24, 208 I 22, 332
36, 049 | 21. 926
132,464
31,044
97, 884
102,451 592,820 748,126 686,254 j 656,240
252, 834 1,258,890 1,178,322 791,036 535,511
158, 145 838,379 1,274,173 1,377,955 11,258,226
38
115 ]
506
20,271 I 18,506 I 46,774
117,001 i 65,053 ! 45,561
144, 532
138, (368
549 j
999 |
827
264,173 331, 248 310, 738
126, 014
190, 068
99, 701
100, 950
111
134, 254
579, 427
4,084
740
11
541
8,175
3, 002
2.20
6,931
2,864
2.21
5,908
7, 874
61, 741
.104
15G, 877
65, 574
.098
132,137
10, 200
187,466
79,705
.101
91,
3,538
,411
78,114
.096
131,899
4,784
117. 268
.150
35, 994
.136
PAINTS
Paint, varnish, lacquer, and fillers:
Total sales of manufacturers.-thous. of doL.
Classified
do
Industrial
do
Trade
do
Unclassified—.
do
Plastic, cold-water paints, and calcimines:
Sales of manufacturers:
Calcimines
dollars..
Plastic paints
do
Cold-water paints
do
37,
26,
12,
13,
11,
866
203
214
989
664
29, 912
20, 728
,282
11, 446
9,185
36, 209
25,199
11,021
14,178
11,010
293, 756 348,953
44,520 47,407
134,803 147,160
40, 950
28,026
10, 746
17, 280
12,924
38, 736
26, 587
10, 795
15, 792
12,149
33,919
23, 393
10, 287
13,106
10,526
33, 380
22. 338
9,095
13, 243
11,041
33, 450
22,338
9, 564
12, 774
11,112
361,356 306,656 261,482 297,878
50, 267
51, 758 54,817 49,389
175,088 15S, 285 139, 565 133, 825
CELLULOSE PLASTIC PRODUCTS
h
December 1 estimate.
31, 015
6, 324
2,329
540
587
1,202
28,503
20,037
10,018
10,019
279,193 222,965
41, 672 35, 902
138,903 95, 783
Nitro-cellulose, sheets, rods, and tubes:
Production
.thous. of lb_
Shipments
do-__
Cellulose-acetate, sheets, rods, and tubes:
Production
thous. of lb.
Shipments
do—
ROOFING
Dry roofing felt:
Production
short tons..
Stocks, end of month
do
Prepared roofing shipments:
Total
thous. of squares..
Grit roll
do
Shingles (all types)..
do—
Smooth roll
do—
34,049
23,192
10. 628
12, 564
10,857
4,306
1,181
1,119
2,005
29,465
19, 759
10, 223
9, 536
9,705
30, 202
20, 726
9,080
11,646
9,476
29, 749
20, 257
9, 518
10, 739
9,492
295, 405
32, 091
119, 937
302, 414
34, 768
135, 676
41
SURVEY OF CUREENT BUSINESS
Mav 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey
1937
1936
March
April \ May
June
Decem- January
October NovemAugust September
ber
ber
July
February
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, total 1
mills, of kw.-hr__
By source:
Fuels 1
._
do
Water power !_
_.do
By type of producer:
Central stations 1
do
Other producers
do
Sales to ultimate consumers, total (Edison
Electric Institute)
mills, of kw.-hr_.
Domestic service
do
Commercial—retail
do
Commercial—wholesale
do
Municipal street lighting
do
Railroads, electrified steam
do
Railroads, street and mterurban
do
Revenues from sales to ultimate consumers
(Edison Electric Institute)
thous. of doL-
' 9, 244
10, 236
' 8, 906
' 8, 893
' 9,087
' 9,160
9,682
'9,814
' 9, 722
10,176
' G, 785
6,355
3,882
' 5.115
' 3, 791
4,878
' 4. 015
' 5,164
3,923
' 5, 885
' 3, 275
' 6, 537
' 3,144
r 6, 748
' 3, 066
' 6, 695
' 3, 027
' 6, 775
3,401
' 6, 424
3, 362
6, 879
3, 649
' 6. 315
' 3, 835
' 5, 759
' 3, 485
' 8,425
481
' 8 , 4 1 7 ! -8,606
475 I
481
' 8, 630
530
' 9, 121
561
' 9, 254
560
' 9,178
544
' 9, 641
536
' 9,182
603
9,910
618
' 9, 556
' 595
' 8, 687
' 557
7,085
1,165
1,266
3,975
180
77
354
7,264
1,144
1, 275
4,197
159
74
346
7.519
1,159
1,317
4,362
171
99
342
7,723
1,180
1, 361
4,487
188
97
340
7,910
1,261
1,402
4, 540
197
99
338
8,093
1,324
1, 421
4,574
214
110
374
8,000
1,419
1,459
4,315
225
112
392
8,154
1,482
1,501
4.298
235
124
433
8,359
1,668
1,610
4. 258
218
118
410
164,015
164, 007
167,672
175, 597
179,972
183, 066
187,094
6,913
1,254
1,256
3,649
209
83
394
165, 650
7,069
1, 223
1,281
3,842
193
86
375
165,703
!
GAS
Manufactured gas: t
Customers, total
thousands..
Domestic
do
House heating
do
Industrial and commercial
do
Sales to consumers..
mills, of cu. ft_.
Domestic
do
House heating
do
Industrial and commercial
do
Revenue from sales to consumers
thous. of doL.
Domestic
do
House heating
do
Industrial and commercial
do
Natural gas: t
Customers, total
thousands-_
Domestic
.
do
Industrial and commercial
do
Sales to consumers
mills, of cu. ft..
Domestic
do
Industrial and commercial
do
Revenues from sales to consumers
thous. of doL.
Domestic
do
Industrial and commercial
do
169,636
10,528
194,554
I
' 9, 514
' 9, 551 ' 9, 634
' 8, 907
' 8, 940 ' 9, 023
' 136
'130
'133
'466
'464
-467
' 31, 483 ' 30,473 • 28,912
1
17, 423 ' 17, 107 • 17,266
' 5, 223
' 4,179 ' 2, 775
' 8, 632
' 9,000 ' 8, 699
' 9, 641
' 9, 041
' 125
' 464
r
25,163
• 15,967
' 629
' 8, 390
' 9, 654
9, 056
r 127
' 463
23, 743
14, 939
'484
8,183
' 9, 730
' 9, 121
' 139
'462
' 25,753
' 16, 682
' 541
' 8, 378
' 9. 762
' 9,142
'155
'453
' 28, 863
' 18,156
' 1, 580
' 8, 934
' 9, 737 ' 9, 754
' 9,103 '9,110
'172
'165
'462
'460
' 30, 824 ' 33, 853
' 16, 335 ' 16, 502
r
' 4,965
7,458
' 9, 323 ' 9, 660
9, 769
9. 131
161
468
32, 470
17,373
6,134
8, 750
9,802
9. 162
166
464
31, 860
16, 443
6,173
9, 046
•31.094
21,412
' 3,478
' 6, 065
' 30, 352 - 30,097 <• 29,028 • 27,121
' 21, 598 • 22, 508 • 22,437 ' 20,956
' 2, 558 ' 1, 537
'493
' 765
' 6,049 ' 5, 923 ' 5, 721 ' 5, 569
25, 748
19, 772
'398
5,467
' 27, 824
' 21, 583
'497
r
5, 040
' 30, 213
' 22, 946
' 1,184
' 5, 959
' 30, 700 ' 32, 425
'21,639 '21,579
' 2, 683 ' 4,157
' 6, 236 ' 6, 547
31,967
21, 834
3,799
6,197
30,724
20, 396
4, 029
6,172
' 6, 562
' 6, 066
'494
113,121
' 40, 764
r
70, 967
' 6, 556 ' 6, 562 ' 6, 538 ' G, 536
' 6, 067 ' 6, 085 ' 6, 087 ' 6,093
'487
'449
"•442
'474
105,534 ' 92,001
84, 385 • 82,166
' 33,266 • 24, 720 17, 592 • 14, 348
' 70, 760 • 65,935
65, 805 • 67, 007
6, 565
6,120
'444
84,735
13, 256
70, 271
' 6, 610
' 6,162
'446
87,869
13,980
72, 637
' 6, 690
' 6, 208
'480
' 95,107
' 19,105
' 74, 956
' 6, 784 ' 6, 805
6,754
' 6, 268 ' 6, 282
6,236
' 514
'521
514
125,409 1 2 9 , 3 1 2
112,410
' 30, 403 ' 40, 988 4 7 , 1 5 9
' 80, 938 '83,016
80, 892
6, 764
6,251
512
135,179
48,152
85, 627
23, 722
10, 992
12, 570
24, 667
11, 456
13,047
' 28, 645
' 14, 330
' 14,172
' 36, 827 ' 43, 926
' 20, 501 ' 26, 328
' 16,165 '17,389
4,985
5,183
8,082
4,249
4,097
7,722
' 41, 395 ' 36, 982 • 30, 481
r 26, 258 ' 22, 342 ' 17,462
'14,918 ' 14,417 • 12, 833
-9,616
' 9, 012
'130
'464
• 27, 255
• 17,465
' 1, 021
' 8, 622
25,840 ' 23, 857
13, 501 •11,597
12, 210 ' 12,132
47,847
30, 088
17,558
48, 975
30, 525
18, 162
3, 056
3, 657
7, 407
3,140
3,537
7, 660
11,567 I 10, 609
5, 314
8,907
9,643
4, 528
25,188
21,109
22, 973
22, 289
19,174
18,868
373, 330 387, 322 402. 099
361,318 374, 629 388,416
6,804
5,779
14,203
12, 836
408, 598
394,947
2,123
2,497
124,930
125,872
.34
103,900
37,067
.34
100,969
36,236
42, 734
' 20, 678
55, 745
5,022
.18
41, 599
27,425
11,548
102,112
88,091
53,202
4,697
.18
39, 622
27,174
11,545
'93,114
80,713
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:
Consumption (tax-paid withdrawals)
thous. of bbL.
4,176
Production
do
5, 054
Stocks, end of month
do
8,345
Distilled spirits:
Consumption, total (tax-paid withdrawals)
thous. of proof gal..
7,045
Whisky
_
do
5, 835
Production, total
do
22, 385
Whisky
do
20,255
422, 883
Stocks, total, end of month
do
Whisky
_.do
408,510
Rectified spirits:
Consumption (tax-paid withdrawals)
2,907
thous. of proof gal_.
3,738
4,433
7,333
3,887
4,970
6,203
5,531
22,691
21,612
258,221
248, 946
6,177
5,390
23, 251
21,917
273,798
264, 389
2,335
2,367
5,041
5,418
8,409
5,600
6,061
8,633
6,670
6,791
8,525
5,229
5,666
5,823
4,288
4,760
4,643
24, 274
23,373
21, 720
22, 693
19,994
22,158
290,739 310,793 325, 990
281, 208 300,653 315,936
2,044
1,937
2,159 I
5,771
8,122
5,200
6,931
9,724
4,279
5,952
8,202
19, 763 23, 698 27, 625
17,824
19,063
20, 299
339,820 352,151 364,023
328, 808 341,264 352,639
1,936 2,783
4,074
3,640
3,399
7,319
4,858
3,831
3, 665
6, 945
5,044
DAIRY PRODUCTS
Butter:
Consumption, apparent
thous. oflb.. 135,993 ' 124,620 131, 896 162, 006 132, 596 122,804 131,579 135, 667 139, 245 131, 760 137, 441
Price, wholesale (N. Y.), (92-score)
36
dol. per lb_.
.32
.34
.31
.30
.27
.34
.36
.35
.34
.33
Production creamery (factory).thous. of lb._- 119, 604 ' 121,258 130, 928 178, 028 185, 223 152,001 139,363 131,862 135,140 113,985 108, 703
42, 896
Receipts, 5 markets
do
45,829
54, 676
48, 379
69,435
56,537
44, 792
44,637
47, 202
39, 587
39, 310
Stocks, cold storage, creamery, end of month
6,741
thous. of lb.5,346
21,157
4,997
73,816 103, 259 112,106 108,835 | 105, 368
88,866
61, 234
Cheese:
61, 675
57, 436
Consumption, apparent.
do
62.127
70,165
76,150
60,370
53,331 I 59,392
53, 092
53,897
56,953
Imports
.do
6,347
5,693
4,217
3,152
4,257
5,463
5,796
6, 452
6,229
5,675
5,881
Price, No. 1 Amer. (N. Y.)
dol. per lb._
.15
.15
.17
.20
18
.17
.21
.20 I
.19
.18
.18
Production (factory)
thous. of lb__ 47, 553 ' 46, 241 48,816
83.132
63,922
65,339
55,389
57,693
57, 738
46, 786
42, 629
32, 780 ' 32, 410
Arnerican whole milk
do
37, 089
67,101
53, 032 44, 451
52, 395
43,3,07
44,965
33,150
29, 610
Receipts, 5 markets
do
13,398
21,191
18, 479
14,206
12, 098
15,981
11, 790
15,164
13, 386
12, 524
11,311
Stocks, cold storage, end of mo
do
67,776
97, 403 107, 542 114,990 118,907 114,706 110,400
85, 223
70,783 ! 85, 788
73,952
American whole milk
do_55,756
56,946 ! 70,282 i 80, 735
98, 206 102,847
90,471
73, 827
62,261
95, 418
98, 975
' Revised.
t Revised series. Manufactured and natural gas revised for period 1929-36. For revisions see tables 20 and 21, pp. 19 and 20 of this issue.
1 Data revised for 1936. Revisions for Jan., total production 9,247, fuels, 5,882, centra] stations, 8,748; February, total production 8,601, fuels, 5,682,
central stations, 8,120.
water power, 2,919,
42
SURVEY OF CUREENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
May
1936
March
March
April
May
June
July
1937
1937
Decem - January
August SeptemOctober November
ber
ber
February
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS—Continued
Condensed and evaporated milk:
Production:
Condensed (sweetened):
Bulk goods
thous. of lb.
Case goods
do
Evaporated (unsweetened)
do_._
Exports:
Condensed (sweetened)
do...
Evaporated (unsweetened) —
_do__.
Prices, wholesale (N. Y.) (case goods):
Condensed (sweetened)
dol. per case.
Evaporated (unsweetened)
do...
Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods
thous. of lb.
Case goods
do...
Evaporated (unsweetened), case goods
thous. of lb.
Fluid milk:
Consumption in oleomargarine
do.._
Production (Minneapolis and St. Paul)
thous. of lb_
Receipts:
Boston (incl. cream)
thous. of q t .
Greater New York
_do._.
Powdered milk:
Exports
thous. of lb_
Production!
_do__.
Stocks, mfrs., end of mo.
do—
14, 963
3,739
156, 762
17, 890
' 4,153
149,269
17,310
4,830
181, 552
23, 333
5,531
248, 258
29, 364
4,173
266,199
226
229
2,463
246
1,765
262
2,138
465
1,696
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
4.85
3.15
5. 247
4,203
2,741
2,963
4,588
3,741
9,374
14, 664
11,275
152, 455
42, 597
61, 775
6, 774
6,622
6,529
36, 443
35, 548
36, 039
15, 266
114, 536
15, 694
110,640
41, 673
17, 387
120,137
16,550
114, 657
326
24, 633
38,881
268
20, 383
9,435
286
23,445
11, 225
352
32, 280
21, 252
428
34,150
32,007
3,647
' 5, 487
' 4,630
' 2, 297
2,461
18,412
1,581
3,769
15,020
' 1, 872
1,783
14,777
r
3, 686
13,576
'3,866
2.240
1.820
2.406
2.519
20, 571
24,538
18,907
17,338
r
8,252
141, 774
5,029
186, 359
5,521
42, 051
25, 058
4,281
211, 299
14, 280
4,994
183, 428
17,881
4,567
185, 780
14,925
3,380
188, 840
11,326
3,538
127,881
12,586
4,198
113,502
17, 414
4, 827
116, 230
16, 535
4,027
123, 44]
60
2,118
204
2,904
93
1,633
128
189
1,489
174
1,899
261
2,010
4.85
4.85
3.40
4.85
3.40
4.85
3.40
4.85
3.40
4.85
3.30
4.85
3.30
4. 85
3. 19
13. 654
12, 250
11,116
12, 363
12,109
11, 233
11, 689
7,787
10,190
5,670
9,071
5, 685
7,124
102, 021
160, 709
251,751
278,511
258,904
208,911
5,772
5,385
11,188
99, 638
r
5, 353
4,958
176, 912
5,847
6,357
6,732
6,351
7,189
32,183
18,142
117,126
28, 098
26, 245
27, 235
25, 447
28,609
31, 743
31,000
17,781
115, 060
16,149
113, 031
17, 066
114,971
17,141
111,544
16, 016
113,935
16, 128
115,606
14, 553
106,972
383
27, 242
29, 264
312
23,906
24, 809
291
21, 872
26,835
327
24,945
30, 612
322
20, 679
33,270
216
23,417
35,171
216
23, 150
38, 998
282
19, 933
' 39, 906
'1,397
r 1, 066
' 7, 775
15,923
r 7,495
108, 031
' 5, 169
4,726
' 6, 613
' 1,517
2,480
' 7, 458
r 3,418
8,482
'9,010
' 3,667
' 8, 829
14,717
' 2,096
7,452
' 16,452
' 1,933
5,787
18,261
2,540
2. 505
329, 997
14, 942
2.881
2.744
17,122
~ 17," 501
5,258
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu
Shipments, car-lott
no. of carloads.Stocks, cold storage, end of month
thous. of bbl—
Citrus fruits, car-lot shipmentst-no. of carloads.
Onions, car-lot shipments!
do
Potatoes, white:
Price, wholesale (N. Y.)
dol. per 100 lb_.
Production (crop estimate)
thous. of bu._
Shipments, car-lott
no. of carloads..
11,321
' 3, 695
3.665
"l8"627"
' 9, 632
r 1,037
2.456
1.863
1.795
2.006
2. 050
"l4~553*
"12^418"
16, 846
22,630
14,476
b
4,492
r
4, 064
15, 449
2,869
GRAIN AND PRODUCTS
Exports, principal grains, includingflourand
3,261
1,842
!, 156
2,530
2,087
3,442
4,844
2,733
meal
thous. of bu._
3,036
1, 690
1,781
1,573
1,806
Barley:
574
573
806
323
533
1,614
704
1,006
461
144
Exports, including malt
do
198
19
Price, wholesale, No. 2 (Mpls.):
.68
.64
1.22
1.19
.64
.87
1.30
1.29
1.32
1.32
Straight
dol. per bu__
1.29
1.27
.71
1.24
.70
1.28
1.32
Malting.
do
1.33
1.28
1.37
.67
1.32
Production (crop estimate)
thous. of bu._
'147, 452
7,845
5966
5,565
5,992
2,808
5, 893
16, 583
9,683
Receipts, principal markets
do
9,584
3, 179
3,299
5,625
4,741
Stocks, commercial, domestic, end of mo.
14, 407
12,913
11, 822
9,850
10, 571
15, 343
17, 732
thous. of bu._ 12,154
20,012
14, 990
20,541
13, 703
18,848
Corn:
70
34
109
106
219
82
30
47
Exports, including meal.
do
64
42
37
21
41
6,242
6,502
6,219
7, C
5,386
5,786
5,497
5,525
5,760
5,615
Grindings
do
6,209
6,778
Prices, wholesale:
.63
.63
.62
.94
1.23
1.15
1.12
1.12
1.19
1.14
1.15
1.20
No. 3, yellow (Kansas City)-dol. per bu._
.64
1.24
1.22
.71
1.01
.58
1.10
1.09
1.14
1.07
1.27
1.13
No. 3, white (Chicago)
do
1,524,317
Production (crop estimate)
thous. of bu._
18, 003
17, 497
16, 227
24, 215
17, 614
15, 569
9, 304
9,213
8,797
17, 559
18, 200
13,162
9,567
Receipts, principal markets
do
7,750
8,508
11, 320
11,926
15,194
7,711
4,375
4,058
5,855
5,652
5,268
4,692
Shipments, principal markets
do
5,428
Stocks, commercial, domestic, end of mo.
7,650
6,158
4,316
6,985
4,537
4,325
4,277
13,454
15, 080
8,185
13, 901
thous. of bu._ 12, 381
Oats:
81
425
59
68
75
65
64
65
Exports, including oatmeal.
do
75
Price, wholesale, No. 3, white (Chicago)
.28
.27
.44
.37
.44
.42
.50
.54
.46
.51
dol. per bu_.
.51
Production (crop estimate)
thous. of bu._
'789,100
4,991
5,866
6,200
*~8,~768~
16, 863 "l5~205"
3,581
3,569
4,120
2,517
"3,448
Receipts, principal markets
do
3,753
Stocks, commercial, domestic, end of mo.
35, 500
39, 018
31, 043
31, 059
38, 864
51, 861
50,973
48, 639
37,392
42,571
31,066
25, 807
thous. of bu__ 20, 225
Rice:
4,241
17, 534
54,199 103, 852
6,986
890
6,124
9,823
713
52,121
130, 507
1,325
Exports
pockets (1001b.)_. 33,610
163. 562
79,589
60,932
76, 870
62, 339 104, 099 121, 670 120,830
97,490
79,586 181,638 207, 204
123, 495
Imports
...do
Price, wholesale, head, clean (New Orleans)
.040
.038
.039
.040
.042
.043
.043
.043
.042
.039
.039
.038
dol. per lb_.
.038
' 46,833
Production (crop estimate)
thous. of bu_.
Southern States (La., Tex., Ark., and
Tenn.):
Receipts, rough, at mills
309
232
thous. of bbl. (1621b.)..
129
736
60
20
304
2,289
1,375
1,761
1,799
973
Shipments from mills, milled rice
765
thous. of pockets (100 lb.)._
979
980
529
318
331
287
754
1,213
1,110
1,327
1,109
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
1,855
2,654
1,244
863
342
2,116
thous. of pockets (100 lb.) — 2 721
609
321
962
2,839
3,178
3,139
California:
90,451 416, 756
Receipts, domestic rough._-bags (100 lb.).. 431,945 114, 889 156,616 163,295 173,958 120, 853 184, 418 259, 027 513, 655 379, 028
317,467
250, 402 107, 869 165, 514 149, 044 154, 060 152, 324
Shipments from mills, milled rice do
71,676 134,336
47,150
34,985
77, 742
265, 629
98, 382
Stocks, rough and cleaned, end of mo.
bags (1001b.).. 523, 512 464, 606 337, 829 241, 249 227, 258 120, 524 147,979 151,619 ?78,038 676, 647 190,290 i 714,982 ' 579, 552
b
December. 1 estimate. r Revised.
t Revised series. For revision on powdered milk for 1935 see p . 90 of the 1936 Supplement. Data for 1936 on car-lot shipments revised. Revisions not shown above are
as follows:
Apples, Jan. 4,820, Feb. 6,394; citrus fruits, Jan. 13,431, Feb. 13,648; onions, Jan. 2,627, Feb. 2,681; potatoes, Jan. 16,974, Feb. 19,683.
0
No quotation.
43
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1937
March
1936
March
April
May
June
July
1937
August SeptemOctober Novem
ber
ber
Decem- January
ber
February
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND PRODUCTS— Continued
Rye:
Exports, including
flour
thous. of bu_.
1
Price, wholesale, No. 2 (Mpls.)-dol. per bu_.
1.09
Production (crop estimate)
thous. of bu..
Receipts, principal markets.
do
737
Stocks, commercial, domestic, end of mo.
3,
215
Wheat:
thous. of bu_.
Exports:
Wheat, including
flour
do
1, 565
Wheat only
__do
61
Prices, wholesale:
No. 1, dark, northern, spring
Minneapolis
dol. per bu_.
1. 53
No. 2, red, winter (St. Louis)
do
1.43
No. 2, hard, winter (K. C.)
do....
1.39
Weighted av., 6 markets, all grades..do
1.42
Production (crop est.), total...thous. of bu..
Spring wheat
do
Winter wheat-.
_.do
Receipts, principal markets
do
7, 592
Shipments, principal markets
do
7,512
Stocks, end of month, world estimated
thous of bu..
Canada (Canadian wheat)
do
65, 700
United States (domestic wheat)
do
36, 850
Held by mills (end of quarter)
Wheat
flour:
thous. of bu_.
Consumption (computed by Russell's)
thous. of bbl_.
320
Exports
do
Grindings of wheat
thous. of bu.. 38, 605
Prices, wholesale:
7.44
Standard Patents (Mpls.)...dol. per bbL.
6.15
Winter, straights (K. C.)
do
Production:
8,402
Flour, actual (Census)
thous. of bbL.
Flour, prorated, total (Russell's)
do
Offal (Census)
thous. of lb-. 697, 451
50
Operations, percent of capacity (Census)
Stocks, total, end of month (computed by
Russell's)
...thous. of bbL.
Held by mills (end of quarter)
do
LIVESTOCK
Cattle and calves:
1,727
Receipts
thous. of animals..
Disposition*
1,143
Local slaughter
do
564
Shipments, total.__
do
184
Stocker and feeder
do
Price, wholesale, cattle, cornfed (Chicago)
14.06
dol. per 100 lb._
Hogs:
2,224
Receipts
thous. of animals..
Disposition:
1, 595
Local slaughterdo
619
Shipments, total
do
42
Stocker and feeder
do
Price, wholesale, heavy (Chicago)
10.26
dol. per 1001b..
Sheep and lambs:
1,576
Receipts.
thous. of animals..
Disposition:
960
Local slaughter
_
do
620
Shipments, total
do
60
Stocker and feeder
.do
Prices, wholesale (Chicago):
6.59
Ewes-_.
dol. per 100 lb..
11.49
Lambs
do
0
.50
0
.52
1,324
970
2,297
7,555
7,009
1,425
30
1,423
16
1,534
34
1,382
26
1.24
1.08
1.06
.98
1.23
1.07
1.02
.95
1.14
1.02
.95
.90
1.24
.95
9,788
7,417
7,745
11,103
12, 970
14,819
12, 363
380,190
191,367
51, 945
335, 340
•177,325
40. 698
0
.52
.58
0
.75
1,422
1,630
0
.83
0
.87
0
.85
1,375
1,540
1,658
6,674
6,515
1,389
1,657
222
2,415
487
2,436
926
1.36
1.06
1.11
1.10
1.47
1.17
1.22
1.27
1.46
1.19
1.22
1.25
1.48
1.21
1.22
1.29
84, 222
27, 210
29, 495
18,214
10, 621
10,658
15,237
13,978
284, 970 244, 020 275,131 293, 970 315, 760
145,011 124,110 96, 652 100, 704 126, 378
31,174 23,161 67, 305 81,048
305, 590
117,412
76,423
6,730
.96
62, 642
86, 097
8,009
319
35, 328
7,694
289
36, 637
10, 064
290
43, 660
11,250
305
42, 087
6.92
5.42
6.45
5.24
6.07
4.80
6.28
4.73
6.78
5.23
7.21
5.64
8,252
8,975
694,897
51
7,840
8,235
665, 223
4,950
4,068
5,100
4,950
5,600
4,255
5,500
5,600
6,500
4.677
1,625
1,673
1,522
1,764
1,881
2,216
2,264
2,439
1,368
1,060
b
316,770
68, 010
43, 709
9, 120
831
749, 121
54
8,019
8,829
666, 240
53
8.216
8,333
687, 727
51
8,180
8, 246
681, 276
53
7, 536
8,038
628, 005
53
1, 691
1,342
1,107
560
184
916
419
121
8.70
9.00
9.52
2,045
1,875
1,759
1,815
1,747
1,939
1,372
666
33
1,322
550
38
1,276
482
32
1,348
512
36
1,347
562
57
1,166
572
91
1,263
673
94
10.10
10.55
9.48
10.05
10.11
10.82
10.25
2,022
1,006
1,014
152
2,287
2,766
2,176
1,246
893
449
516
1,811
1,145
695
277
11. OS
9.91
2,613
1,782
830
3,145
2,234
900
2,216
934
40
1, 785
712
29
1,443
638
10.25
10.38
10.18
1,761
2,063
1, 591
1,082
692
110
1,200
852
115
933
661
3.83
8.47
5.52
9.94
5.77
10.06
9.67
10.00
2,149
2,871
13.24
2,084
3,149
41
62
12.91
2,500
1,011
1,271
343
3.31
1,126
1,597
480
3.36
8.91
1,191
1,723
721
3 49
8.50
1,001
997
671
73
1,075
1,029
625
75
1,195
1,210
638
77
1,059
1,242
828
95
1,047
1,337
1,149
132
1,008
1,109
1, 245
132
•• 860
903
' 1, 282
r
126
523, 522 528, 398 558, 678
1,302
1,483
1,790
580, 904
1,536
466,194
1,021
482,171
960
483,312
879
• 401,174
1,071
942
937
675
67
961
960
957
949
650
57
1,033
1,033
641
57
484, 622
1,497
439, 651
1,218
485,136
1,032
474,901
1,426
502,018
1,110
.134
.133
.138
453, 740
142, 685
425,199
79,509
459,149
65,011
453,127
51,134
485,518
41,222
518,400
42,914
56, 404
53, 833
7, 176
58, 477
58, 285
2,334
52, 394
51, 871
1,785
47, 205
46, 720
1,282
48,108
47,971
1,122
49,448
49, 833
1,478
498, 379
12,487
7, 324
443,4*86
16,403
11,461
423, 876
14,118
9,489
December 1 estimate.
336, 500
74,737
52, 251
9,416
9,148
8,708
10, 244 11,652
9, 182
793, 510 758, 322 723,978
56
56
8.51
1,040
1,066
665
62
.143
1,071
1,083
367
3.67
8.40
.150
.163
.183
.168
595. 095
104,961
510, 943
152, 769
521, 965
193,760
469, 582
180,916
384,817
- 167,438
60,116
60, 894
3,374
65,068
67,654
5,930
58,904
61,443
8, 450
62, 692
64, 553
10,228
69, 300
69, 570
10, 491
' 54, 864
54, 162
r
9, 807
435, 020 482, 772 467, 498 422,125 455,960
18,495
18.880
16,811
12, 224 12,083
10, 837 11,090
7,481
6,045
7,856
549,324
14, 784
10, 454
534, 078
16, 484
9, 563
502, 456
13, 618
9,384
455, 098
12,377
8. 804
• 404, 334
9,161
4,456
542, 249 571, 787
64,255 82, 806
50, 815
52,001
2,634
.209
.235
.239
.238
.240
.252
.256
.246
.127
.132
.111
.118
. 113
.120
.104
.113
.103
.113
.110
.119
.122
.129
.118
.126
449,029 449,173 499,066 497,956
77,024 80, 534 87, 288 82,952
541,017 540, 274 541, 904 558,987
457, 402 440, 618 43.5,130 441,961
83, 615 99, 656 106, 774 117,026
• No quotation.
403,198
64,362
531, 409
420, 848
110,561
453,787
75, 518
526, 963
450, 149
76, 814
312,480
82, 625
63, 453
292,870
93,924
70,314
7.45
6.08
1,039
1,006
1,240
117
498,794
76, 584
973, 664
756, 095
217, 569
6,116
7,089
7.54
6.16
8.61
.151
7,766
8,676
7.26
5.94
M E A T S
Total meats:
Consumption, apparent
mills, of lb_.
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Miscellaneous meats
do
Beef and veal:
Consumption, apparent
thous. of lb_.
Exports
do
Price- wholesale, beef, fresh, native steers
(Chicago)
dol. per lb..
Production (inspected slaughter)
thous. of lb-.
Stocks, cold storage, end of mo
do
Lamb and mutton:
Consumption, apparent
do
Production (inspected slaughter)
d©
Stocks, cold storage, end of month ..do
Pork (including lard):
Consumption, apparent
do
Exports, total
do
Lard
do
Prices, wholesale:
Hams, smoked (Chicago)
dol. per lb._
Lard, in tierces:
Prime, contract (N. Y.)
do
Refined (Chicago)
do
Production (inspected slaughter), total
thous. of lb_.
Lard—
.._
do
Stocks, cold storage, end of month ..do
Fresh and cured
do
Lard
do
1.59
1.43
1.37
1.39
6.84
5.49
9.21
()
10.38
1.66
1.40
1.38
1.44
7 .06
5 .57
10.31
4.81
10.75
1.59
1.35
1.34
1.39
&626, 461
6107,448
*519, 013
10, 389
10,712
11,601
10, 945
1.44
1.23
1.22
1.28
6.96
5.67
1,339
928
380
961
873
1,522
38
316
34, 630
1,322
848
319
1,063
183
4.56
10.97
1,576
33
328
37, 586
1,179
697
240
990
800
112
1,681
50
358
37,832
1,137
610
167
1.023
666
3,980
1,288
21
269
36,844
1,002
511
163
i,859
4,476
321
41, 770
1,094
573
195
1,944
334
5,008
8,198
410
40, 055
1,046
556
190
1,798
715
5,983
1
135,189
8,090
299
36,453
1,701
0
1.11
153, 521
9,035
297
38, 273
7,845
7,569
8,300
8,149
675,914
650, 921
48
48
0
1.13
1,735
1
1.10
25,554
1,084
1
.92
396,371
59,627
463, 404
361,608
101,796
.225
.117
.125
546,907
80,568
449,698
354,950
94, 748
.223
.226
.119
.126
.135
.139
669,115
103, 020
572,165
463,400
108, 765
r
Revised.
750,815
118,420
812, 700
666.891
145,809
.227
.139
.144
570,173
90, 443
921, 231
738,522
182,709
.126
.131
464, 299
72, 324
• 978,164
• 775, 688
• 202, 476
44
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data'may be found in the
1936 Supplement to the Survey
1937
March
Mav 1937
1936
March
April
May
June
July
1937
Novem- DecemAugust Septem- October I ber
ber
January
February
FOODSTUFFS AND TOBACCO—Continued
POULTRY AND EGGS
Fggs:
1,645
Receipts, 5 markets
tbous. of cases..
Stocks, cold storage, end of month:
1,406
Case..
thous. of cases__
Frozen
thous. of lb_. 53,162
Poultry:
19,993
Receipts, 5 markets
do
120, 420
Stocks, cold storage, end of mo.
do
1,798 i
2,022
2, 088
1,727
1, 247
807 I 3,039
45,848 | 69,172
5,707
94,014
7.058
111,725
7,335
115, 485
15,122
49,324
18,979
41,926
22, 740
43,050
22, 683
49, 220
28,549 i 31,206
.0536 ! .0533
9.696
.0558
15, 098
69, 494
TROPICAL PRODUCTS
Cocoa:
Imports
-long tons__
Price, spot, Accra (N. Y.)
dol. per lb_.
Exports from the Gold Coast and Nigeria,
Africa
long tons_Coffee:
Clearances from Brazil, totaLthous. of bags_.
To United States
do
Imports into United States
do
Price, wholesale, Rio No. 7 (N. Y.)
dol. per lb_Receipts at ports, Brazil
thous. of bags..
Stocks, world total, incl. interior of Brazil,
end of month
thous. of bags..
Visible supply, total, ex el. interior of Brazil
tbous. of bags.United States
do
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons..
United States:
Meltings, 8 ports
long tons..
Price, wholesale, 96° centrifugal (New
York)
dol. per lb._
Receipts:
From Hawaii and Puerto Rico
long tons..
Imports
do
Stocks at refineries, end of month._do
Refined sugar (United States):
Exports, including maple
long tons_.
Price, retail, gran. (N. Y.)
dol. per l b . .
Price, wholesale, gran. (N. Y.)
do
Receipts:
From Hawaii & Puerto Rico..long tons.
Imports:
From Cuba
--do
From Philippine Islands
do
Shipments, 2 ports
do
Stocks, end of month, 2 ports
do
Tea:
Imports
thous. of lb..
Price, wholesale, Formosa, fine (N. Y.)
dol. per lb._
Stocks in the United Kingdom..thous. of lb..
34,337
. 1143
1,233
654
1,365
. 093
1,096
8.016
975
2, 221
1,991 !
2,092 I
.035
.038
.037
180, 985
386,962
168, 499
197,386 i 176,391
279,852 I 325,379
240,659 i 301,105
171,070
274, 287
401,669
4,391
.053
.048
;
3,710
.053
.049
3,981
.053
.049
19,187
14,213 | 17,924 | 15,919
42,877 ! 37,988
9,371 I 14,501
65,722 j 43,725
11,080
19,816
.275
1.076
34,434
104, 981
22,816 | 23,012
.0750 i .0843
72,999 I 23,122
187,887 ! 178,304
77,297
149,391
22,564
40,268
28 788 i
.0954 I
.1134 .1221 !
322
r 34,390
17,318
• 157,858
26, 500
. 1032
8,159 !
1,375 |
.037 i .037
1,209 j
1,009 j
4,968
3,545
.055
.054 !
.047
.049 |
!
16, 445
11,016
37. 503
2,661
5,172
6,776
5,449
.275
208, 500
22,123 ! 21,399
17,703
.037
158,756 i 146,418 j 111,968
305,937 I 268,453 | 103,264
402,960 I 450,122 J 390,794
41, 628
4,602
.275
218,900
.275
232,000
1,566 j
844 j
741 j
376:
489 \ 1.336
326,152 j 406,144 | 371,268 ] 307,639 [ 277,352 • 260,661 j 230,213 I 215,168 j 230,650 i 313,517
91,546
4,623
9,567
j 27, 580
26,400 | 82,096
65,488 I
7,174 i 15.570
IS,129
.0617 |
.0641 . 0667
1,886 I
419,096 ! 460,316
.055
.047
687
482
40,114 j 17,025 j 11,063 ! 14,331 j 20,795 j 20,158 j 17,241 j 28,074 ! 38,263 | 54,571 I 47,744
", 2G6
|
1,094
1.201
1, 150
1,097 i 1, 174
1,090 i 1,192 i 1,230 !
948
1.447 1.289 j
!
549
511
568 j
669 !
692
437 '
603 !
642
684 ! 889
' 687 !
1, 138
904 !
879
901 |
1,460
940
970 j
920 !
798 I
1,454 1,370 i
3,563
|
I
.065
.063
. 066
.078 |
.070
.081 I
.081 !
,0S9 I
.082 |
.OSS
.085 !
1, 444
1,027
1,009
1,437
| .088
947 | 1, 115 ! 1,016 ! 1,238 ; 1,124 j
1,293 i
1,459
30,650 j 29,606
28,918
(0
(-)
!
8, 128
8. 116
8,111
8,108
7,754 I 7,905 I 7,815 i 7,822
S.030 i 7,884
7, 954
995
L 056
889
1,015
953 j
862 i
690 |
768
903 i
r 851
510, 489
6, 664
782 i
981 |
7,006 I 5,817 ! 3,78!
651 i
r 469
1,755 I
82,029 I 66,309
108,614 i 96, 660
51,837 | 39,104
30, 251
5,8
5,971
.055
.047
.036
128,439 j 70,839
217,897
82,527
323,843
273,200
5,647 I
.054 |
.047 I
2,189
17,615
2,108
6,312
.275 j
.275
.275
199,200 | 186,200 I 194,500
.034 i
21,539
2,393
9,036 |
7,198
.054
.036
76, 682
102,207
215, 500
5,185
.052
.046
3,872
1,116
12,735
1,121
8,104
91
9,727
5,710
.275
.275 , .275
200,900 j 206. 500 j 215, 300
.038
.039
. 036
45,159 I 50.015
95,833 ! 189; 647
123,283 j 160,119
117,279
222, 734
220,147
3,696
.053
.047
4, 567
.054 |
.049 I
4,498 !
6,137
.0oo
. 049
6,117
15,775
19,542 ! 10,834 |
2,866
590
16,583
2. 966
i
8,158
I
7,544
.275 i .275
214,800 | 207,633
189. 490
30,567 I 25,068
24,468
MISCELLANEOUS FOOD PRODUCTS
Candy, sales by manufacturers—thous. of dol_.
Fish:
Landings, fresh fish, prin. ports.thous. of lbSalmon, canned, shipments
cases_Stocks, total, cold storage, 15th of month
thous. of lb_.
Gelatin, edible:*
Monthly report for 7 companies:
Production
thous. of lb..
Shipments
do
Stocks
do
Quarterly report for 11 companies:
Production
thous. of ]b._
Stocks
do
26, 260
34, 964
51, 645
6,311
8,200
.thousands.. 488,721
dol. per 1,000..
do
5. 513
46. 020
1,391
1,143
6, 286
34, 256
46, 230
62, 551
1,296
1,280
6,301
1,270
1,243
6,328
1.228
6,080
5,597
8,590
13,877
4,553
20,638 | 12,064
17,603
30,033 j 31,163 \ 30,328
42, 560
43,355 I 45,563 j 44,351
45,390 I 42,812 j 45,074
273,242 I 514,664 325. 882 565, 701 1,195,502 11,747,920 j 596.139
31,270 ! 26,102
1,318
1,159
6,038
TOBACCO
Leaf:
Exports
thous. of lb_. 26, 732
Imports, unmnfrd., incl. scrap
do
5,711
Production (crop estimate)
do
Stocks, total, incl. imported types, end of
quarter.
thous. of Jb_.
Flue-cured, fire-cured, and air-cured.do
Cigar types
_do
Manufactured products:
Consumption (tax-paid withdrawals):
Small cigarettes
millions.. 12, 792
Large cigars
thousands.. 466, 831
Manufactured tobacco and snuff
thous. of lb_. 31, 084
Exports, cigarettes
Prices, wholesale:
Cigarettes
Cigars
r 39,028
494,790
76.076
477
1,163
5, 393
18,485
4,120
2,421,162
1,949,418
374,720
763
1, 114
5.042
32. 776
45, 597
6.145
92, 702
94, 695
1,078
1,280
4,840
1,417
982
5,275
3,701
7.317
8. 853
24,235
5,883
84, e
41,131
66,100
20,477
5. 815
20,887
5,793
26,946
5,977
48,167
6,231
342,
87, 5G3
1,386
1,183
5 599
1,445
1, 355
5, 689
41.463 I 35, 921
4. 162 i 5. 877
'4,167,068 ! _
24. 052
6. 057
5, 368
7,958
66,238
6,129
49,453
4,697
2,146,600 l
1,729,515 !
2,175,266 |
1,717,132 I
371,956
1,297 I
1,175 i
5,397 |
24, 256
27, 153
352, 432 1,198,620
2,205,874
1,827,624
312,135
766
11,193 I 11,869 ! 12,025
377,167 411,606 419,369
14,009
452,312
14,801 i 13,430
482,448 445,976
14, 342
489, 293
13, 204
551,114
11,557
489,180
13, 246
371,231
13.436
356, 996
12, 328
362, 935
30,315
351, 679
29,254 i 28,100
428, 572
398, 683
29, 474
366,128
31,326 ! 26,756
380,153 452, 731
30,096
371,146
32, 046
297, 358
26, 611
361,836
26, 302
513, 538
25, 759
463,017
26, 444
499,483
5.380
45. 996
5.380
45. 996
5.380
45.996
5.380
45. 996
5.380
45. 996
5.380
45.996
5. 435
45. 996
5. 513
45. 99G
5.380
5.380
45.996 S 45.996
5.380
45.996
5.380
45.996
r
b
Revised.
Dec. 1 estimate,
<• Not available.
* The quarterly report is complete for the industry; the new monthly data are for 7 companies, for data for period 1930-36, see table 8, p. 20, of the February 1937 issue.
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
45
SURVEY OF CURRENT BUSINESS
May 1937
1937
1936
1937
March
March
April
May-
June
July
Decem- January FebruOctober NovemAugust Septemary
ber
ber
ber
FUELS AND BYPRODUCTS
Anthracite:
COAL
Exports
thous. of long tons..
129
Prices, composite, chestnut:
Retail*
dol. per short ton_.
Wholesale
do..._
9. 415
Production!
thous. of short tons.. ' 4,774
Shipments
do
4,235
Stocks, end of month:
In producers' storage yards
do
In selected retail dealers' yards
number of days' supply..
•Bituminous:
Industrial consumption, total
thous. of short tons..
Beehive coke ovens
do
Byproduct coke ovens
do
Cement mills
do
Coal-gas retorts._.
_..do
Electric power utilities
...do
Railways (class I)._
do
Steel and rolling mills.
do
Other industrial
do
Other consumption:
Vessels (bunker)
thous. of long tons..
113
Coal mine fuel
thous. of short tons..
"474
Exports
thous. of long tons..
Prices:
Retail, composite, 38 cities
dol. per short ton..
Wholesale:
4.235
Mine run, composite
.do
4.490
Prepared sizes, composite
do
Production!
thous. of short tons__ v 50, 720
Stocks, industrial and retail dealers, end of
month, total
thous. of short tons_.
Industrial, total
do
Byproduct coke ovens
do
Cement mills
_
do
Coal-gas retorts
do
Electric power utilities..
do
Railways (class I)
do
Steel and rolling mills
do
Other industrial
do
Retail dealers, total
do
COKE
•Exports
-thous. of long tons._
Price, beehive, Connellsville (furnace)
dol. per short ton..
Production:
Beehive
_
thous. of short tons.
Byproduct
do
Petroleum coke
_
do
Stocks, end of month:
Byproduct plants, total.
do
At furnaces
_
..do
At merchant plants..
do
Petroleum coke
_
_
do
101
189 !
100
139
9.564
3,503
2,917
1,240
1,556
1,992
2,347
59
57
77
62
24, 442
134
5,408
454
162
2,801
6,596
1,077
7,810
24,052
148
5,325
472
154
3,153
6,255
1,045
7,500
24,950
177
5,332
507
148
3,564
6,501
1,011
7,710
25,427
205
5,548
550
149
3,662
6,546
1,037
7,730
26,063
262
5,499
534
153
3,654
6,782
1,059
8,120
0)
0)
0)
0)
(0
(0
0)
0)
0)
116
252
1,103
122
260
914
124
283
1,035
134
294
1,174
134
329
954
0)
9.283
5,121
4,274
9.327
4,306
3,516
458
369
853
31
38
77
25,821
174
4,688
198
182
2,896
7,392
1,091
9,200
25, 217
140
4,993
341
164
2,711
6,841
1,157
8,870
462
96
3,925
3,345
10. 001
3,061
2,429
101
276
308
91
11.62
9.721
3,874
3,440
11.61
9.707
4,773
4,217
11.20
9.452
126
129 !
122;
9.914
4,334
3,783
11.81
9.905
4,947
4,317
9.827
4,025
3,674
9.824
3,368
3,042
2,473
2,515
2,259
1,833
1,299
0)
0)
0)
0)
(0
0)
0)
0)
(0
31,995
417
6,242
418
157
3,759
8,229
1,283
11,490
31,409
435
6,262
327
157
3,586
8,140
1,222
11, 280
30, 262
468
5,738
302
145
3,323
7,728
1,218
11,340
1,222
132
371
494
128
341
344
106
348
392
8.31
8.53
4.218
4.497
40,940
4.236
4.510
' 42,110
0)
35, 390
8,031
307
274
7,570
7,354
1,374
10,480
46, 785
38, 785
8,687
357
267
8,047
8,674
1,603
11,150
8,000
9.857
4,608
3,942
164
151
0)
1,201
8.57
8.13
4.347
4.612
31, 527
4.303
4.340
30,454
4.289
4.302
28, 684
4.289
4.303
29,217
4.227
4.346
32, 005
4.217
4.428
33,086
4.229
4.498
37,192
4.224
4.557
43, 321
4.228
4.551
41, 879
4.233
4.548
45,756
26, 596
21,446
3,515
256
211
5,613
4,674
807
6,370
5,150
28,073
22, 573
4,064
251
228
5,645
4,521
874
6,990
5,500
28,753
22,953
4,565
250
245
5,548
4,351
874
7,120
5,800
30,126
23,726
5,302
236
275
5,473
4,254
916
7,270
6,400
32,071
25,171
5,982
257
267
5,744
4,304
947
7,670
6,900
34,604
27,235
6, 562
241
283
5,933
4,963
973
8,280
7,340
0)
0)
0)
0)
0)
0)
0)
0)
(0
0)
()
22,133
3,431
236
350
5,509
4,840
817
6,950
5,950
43,499
35, 026
8,535
263
295
7,162
6,847
1,264
10, 660
8,473
0)
0)
0)
0)
0)
0)
0)
0)
(0
0)
24
24
20
34
62
67
60
44
4.131
3.575
3.575
3.575
3.575
3.550
3.575
3.875
3.875
3.875
3.938
4.000 I
4.000
355
4,495
110
3,257
105
1,444
632
812
360
91
3,466
109
1,586
567
1,020
367
3,753
113
93
3,695
122
111
3,718
120
128
3,866
121
237
4,071
117
1,702
597
1,104
382
1,816
651
1,165
1,986
670
1,316
409
240
4,048
111
1,806
519
1,287
400
261
4,348
109
1,684
487
1,197
389
272
4,358
102
1,695
581
1,114
382
164
3,831
123
2,034
650
1,383
423
292
3,991
92
1,307
446
861
380
1, 254
467
787
67
1,886
578
1,308
408
26
1,533
464
1,069
384
PETROLEUM AND PRODUCTS!
Crude petroleum:
84,984
Consumption (run to stills)_..thous. of bbl__
85, 286 84, 545 90,637 89, 003 91,709 93, 444 90, 872 93,146 89,142 93, 051 94,179
3,001
606
945 )
Imports
do
2,662
2,199
2,956
2,591
2,183
2,629
2,865
2,661
2,871
2,872
Price (Kansas-Oklahoma) at wells
1.160
1.040
1.125
'
1.040
dol. per bbl._
1.160
1.040
1.040
1.040
1.040
1.040
1.040
1.040
1.040
98.567 I 93,173
Production
thous. of bbl__
90, 568 90,479
92, 078 95, 090 90,972 95, 795 91,018 97,652
93,739 90,185
80
79
Refinery operations
pet. of capacity..
79
75
80
80
76
80
81
79 !
Stocks, end of month:
California:
f>4, SS4
63,768
63, 341 63, 729 63, 792 63, 717 64, 382 64, 825 64, 564 64,745
64,836 65, 481
Heavy crude and fuel
thous. of bbl_.
33,535
33,417
39, 856 39, 338 38,878 37,856
36, 781 35, 476 34,123
33,815 34,189
33,901
Light crude
do
248,474
266, 092 268, 560 268, 650 265, 554 262, 013 258, 685 253,969 250, 724 247,452 246,409 a 245,168
East of California, total
do
39,901
49,823
39,008
51, 741 53, 053 53,989
49,604 48,503
Refineries
do
53, 628 53, 221 51, 691 50,469
208,573
214,351 215, 507 214, 661 211,926 208, 792 206, 994 203, 500 201,120 198,949 196,586 °2()fi. UK)
Tank farms and pipe lines
do
1,366
1,448
1.
08O
1,708
1,309
1,718
1, 521
1,545
1, 583
Wells completed
number..
1,580
1,522
1,612
Refined petroleum products:
Gas and fuel oils:
Consumption:
1,374
' 1, 774
1,209
' 1, 333
1,228 ' 1, 312 ' 1, 261 ' 1,264 ' 1, 356
1,156
'973
'I, 015
Electric power plants!
thous. of bbl_.
'964
4,846
5,077
4,422
4,522
3,811
4,006
3,919
4,058
4,627
3,878
3,810
3,864
Railways (class I)
do
2,829
2,375
2,540
3,186
3,193
2,897
1,868
2,643
2,992
3,248
3,005
3,184
2,724
Vessels (bunker)
do..I_
.775
.844
.775
.800
.785
.750
.750
.765
.800
.763
.800
.750
Price, fuel oil (Oklahoma)__.dol. per bbl_.
.870
Production:
22,222
25, 453
25, 670
23,144
23,287 23,154
23,671
23, 667 23,062 23,925 22,499
25, 285
Residual fuel oil
thous. of bb!._
11,206
13.319
11, 201 11,875
10, 262
9,553
10,323
10,169
9,567
10, 627 10, 095
10, 266
Gas oil and dist. fuels
do
Stocks, end of month:
Residual fuel oil, east of California
16,803
18,392
17, 529 16,996
19, 525 20,379
20,182 I 20, 536 20, 255 18.718
18, 293 18,506
thous. of bbl..
18,211
19,088
15, 746 17,031
24, 814 27,645 j 27,871 I 27,659
26,414 22.719
19,910 22,475
Gas oil and dist. fuels
do
Gasoline:
39,
393
32,000
33,
696
35,871 38,825 42,007 44,630
46,638 46,081
44,346 I 44, 253 39,919
Consumption, domestic
thous. of bbl._
2, 356
2,212
1,404
2,140
2,167
2,029
2,368
1,755
Exports
__
do
2,101
1,768
2,505
2,216 j 1,902
Price, wholesale:
Drums, delivered (New York)
.155
.142
. 165
. 165
.165 I .165
.150
.150
.150
.150
. 130
dol. per gal—
.150
. 130
.060
.060
.060
.057
Refinery (Oklahoma)_._
do
.060 I .060 j
.059 I .055
.057 I .058
.058
.056
.057
Price, service station, 50 cities
do
.139
.143
.142
.142 i .141
.140 !
.141
.143 ! .143 I
.140
1 Data will be shown when available.
' Revised.
v Preliminary.
* New series. Data for period 1929-36 are shown in table 10, p. 20 of the February 1937 issue.
! Revised series. Anthracite and bituminous coal production revised for years 1935 and 1936. Revisions not shown in the March 1937 issue will be published in a subsequent issue. Series on petroleum and products revised for 1935. See table 14, p. 19 of the April 1937 issue. Series on consumption of gas and fuel oil in the production of electric power
revised for 1936. Revision for Jan. 1092, Feb. 1123.
0
Data on stocks of crude petroleum east of California revised in January 1937, certain stocks formerly included in "tank farms and pipe lines" being transferred to
''refineries." December 1936 figures comparable with those shown for January 1937 are, refineries, 39,912; tank farms and pipe lines, 206,497.
46
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1936
1937
March
Mav 1937
March
April
May
June
July
1937
Decem- January FebruOctober NovemAugust September
ary
ber
ber
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PBODUCTS-Con.
Refined petroleum products—Continued.
Gasoline—C ontinued.
Production:
At natural gas plants
thous. of bbL.
At refineries
do
Retail distribution^
thous. of gal..
Stocks, end of month:
Finished gasoline, total,..thous. of bbL.
At refineries
do
Natural gasoline
do
Kerosene:
Consumption, domestic
thous. of bbL.
Exports
_.
do
Price, water white 47, refinery, (Pennsylvania)
dol. per gal..
Production
thous. of bbL.
Stocks, refinery, end of month
..do
Lubricants:
Consumption, domestic
do
Price, cylinder, refinery (Pennsylvania)
dol. per gal..
Production
thous of bbL.
•Stocks, refinery, end of month
do
Asphalt:
Imports
thous. of short tons..
Production
_do
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb_.
Stocks, refinery, end of month
do
3,378
3,265
3,355
3,732
3,275
3,584
3,217
3,507
3,830
3,816
3,965
39, 902
41,951
41,612
38, 764
44, 568
43, 630
43, 500
44,024
45,887
43,138
44,658
1,444,285 1,552,850 1,706,133 '1,789,356 1,926,411 1,890,846 'J ,815,342 1,796,605 1,649,380 1,622,953 1,372,436
.053
.190
3,565
40, 782
67,128
45,799
4,553
66, 552
44,361
5,058
64, 675
42, 527
5,664
60, 519
39, 050
5,829
55,922
35, 062
5,846
53, 040
33, 417
5,653
51,394
31, 230
4,945
51, 238
31,936
4,555
52, 509
33, 242
4,153
56, 353
37, 057
4,055
64, 293
44. 144
4,032
71, 453
50. 919
4, 290
4,098
435
3,914
512
4,035
380
3,075
664
3,019
474
3,218
607
4,305
590
4,370
565
4,943
841
6,148
666
5, 297
608
4, 226
805
.055
4,741
5,974
.056
4,953
6,496
.056
4,626
6,681
.055
4,376
7,296
.052
4,455
8,228
.049
4,297
8,690
.050
4, 428
8,217
.050
4,712
7,976
.050
4,788
6,966
.051
5,500
5,633
.052
5,923 .
5,622 j
.053
4,866
5,443
1,863
2,197
2,028
1,969
2,123
1,851
2,059
1,911
1,938
1,821
1,763
1,518
.135
2, 515
7,137
. 139
2,687
7,044
.149
2,768
6,884
.154
2,509
6,799
.155
2,626
6,620
.155
2,668
6,730
.155
2,567
6,544
.151
2,632
6,576
.150
2,653
6,628
.155
2,767
6,942
.160
2,649
7,168
.173
2,728
7,463
1
261
526
1
319
520
4
377
542
3
407
546
1
426
488
1
491
389
3
468
305
2
475
302
1
344
330
2
244
368
0 !
226 j
444 |
184
445
42, 280
119,684
39, 480
121, 857
40, 320
121,416
38,920
117,362
34,720
118,257
35,000
116,888
34,440
113,359
42,840
113,049
42,840
119, 307
41,160
115,434
41,720 i
•107,490 !
41, 720
109, 012
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb__
Calf and kip skins
do
Cattle hides
do
Goatskins
do
Sheep and lamb skins
do
Livestock (inspected slaughter):
Calves
thous. of animals..
Cattle
do
Hogs
do
Sheep
do
Prices, wholesale (Chicago):
Packers, heavy steers
dol. per lb__
Calfskins, packers', 8 to 15 lb
do
LEATHER
Exports:
Sole leather
thous. of lb__
Upper leather
thous. of sq. ft—
Production:
Calf and kip
thous. of skins__
Cattle hides
thous. of hides__
Goat and kid
thous. of skins__
Sheep and lamb
do
Prices, wholesale:
!
Sole, oak, scoured backs (Boston)
dol. per lb__
Upper chrome calf B grade, black, composite
dol. per sq. ft_.
Stocks of cattle hides and leather, end of month, ,
total
thous. of equiv. hides..
In process and
finished
do
Raw
do
, 0S6
', 345
; 147
1,746
,205
28, 963
1,354
13, 063
8,506
4,668
28,116
1,215
12, 613
7,911
4,809
25,216
2,336
10, 296
8,292
2,549
27,690
1,434
13,145
5,690
5,989
26, 050
2,015
10,869
6,452
4,792
23,013
1,068
12,004
5,024
3,521
22, 442
1,967
9,429
5,183
4,354
20,617
1,571
7,325
5,593
4,077
23, 838
1,421
12.465
4,368
4,172
29, 722
2,393
14,142
6,552
4,705
23, 363
1,575
10, 554
5,791
2,375
27, 500
1,725
11,622
7,143
4, 291
592
825
, 033
,312
483
763
2,617
1,374
525
812
2,559
1,267
503
786
2,579
1,213
517
853
2,739
1,309
523
928
2,692
1,352
541
1,012
2,254
1,395
553
1,071
2,403
1,593
585
1,124
3,492
1,742
477
988
4,292
1,544
494
987
4,681
1,573
484
867
3,519
1,700
437
708
2.842
1,315
.166
.241
.130
.181
.130
.188
.123
.171
.125
.177
.124
.170
.131
.174
.147
.172
.149
.177
.153
.201
.156
.215
.162
.228
.160
.213
293
5, 960
310
5,234
410
5,107
368
5,566
110
4,180
241
4,846
144
4,787
176
5,973
300
6,116
296
4,872
133
264
6,385
224
6, 408
960
r 1, 918
3,786
2,824
1,046
1,844
4,018
2,925
998
' 1,692
3,990
2,897
1,199
1,657
4,055
2,849
1,289
1,834
3,989
3,237
1,158
1,866
3,900
3,391
1,051
1,806
3,947
3.059
1,083
2,051
3,862
3, 692
2,007
3,663
3,314
982
r 2, 094
3,810
<• 3, 151
1,035
2, 052
3,743
3,177
.418
.360
.360
.355
.330
.330
.330
.350
.360
.431
.378
.380
.380
.378
.370
.372
.378
.379
17, 797
11, 655
6,142
17, 865
11, 754
6,111
17, 827
11,779
6,048
17, 941
11, 874
6,067
17, 687
11, 676
6,011
17, 456
11,417
6,039
17,198
11,118
6,080
17,190
11,245
5,945
205, 081
117, 791
87,290
203,126
117,320
85, 806
201,375
121,661
79, 714
203,250
126, 406
76, 844
220,474
139.173
81,301
242, 741
153, 229
89,512
245,115
156,140
88,975
274,853
179, 561
95, 292
1,180
2,154
4,315
3,494
.390
.400 '
.383
16.913
17, 436 •17,173
11, 522 • 11, 294 • 11, 214
r 5, 879 r 5, 699
5-914
16. 402
11.036
o. 366
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs..
Dress and semidress
do
Work
.do
Shoes:
Exports
thous. of pairs..
Prices, wholesale, factory:
Men's black calf blucher
dol. per pair._
Men's black calf oxford..
do
Women's colored blucher.
do
Production.-f
Total boots, shoes, and slippers
thous. of pairs..
Athletic
_
..do
All fabric (satin, canvas, etc.)
do
Part fabric and part leather
do
High and low cut, total
do
Boys' and youths'-.
..do
Infants'
do
Misses' and children's
do
Men's. _
do
Women's
...do
Slippers and moccasins for house wear
thous. of pairs..
All other footwear
do I
T
242,106
152, 627
89, 479
206. 559
119, 049
87, 510
183, 109
104, 525
78, 584
211,066
133,897
77,169
153
188
104
106
112
82
103
149
134
90
83
71
137
5.60
4.81
3.25
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
4.50
3.15
5.50
.50
3.15
3.15
5. 60
4. 69
3. 23
45, 803
259
1, 343
2,210
36,163
1, 710
2,512
3, 949
11, 222
16, 769
34, 832
187
270
416
29,602
1,266
1, 941
3, 293
8, 254
14, 847
33,398
196
301
342
27,929
1,223
1,958
3,185
8, 057
13, 505
30, 264
207
313
314
24, 551
1,033
1,589
2. 493
7, 229
12, 206
29, 371
209
249
246
23,562
1,311
1,661
2,379
7,574
10, 638
35, 678
217
144
190
29,598
1,561
1,600
3,065
8,724
14, 648
40, 668
221
147
231
33, 851
1,567
1,720
3,467
9,297
17,801
40, 975
204
165
255
33, 241
1,603
1,877
3,399
9,546
16,815
39, 916
252
229
229
31,152
1,771
1,969
3,388
10, 072
13, 953
30, 343
216
303
187
22,171
1,376
1,753
2,676
8,381
7, 984
33,381
258
239
463
26,841
1,159
1,890
3,123
9, 266
11,103
3,963
1, 866
2,806
1,551
2,976
1,654
3,253
1,627
3,801
1, 304
4,590
938
5,308
911
6,146
964
7,163
891
6,628
4,449
1,131
.50
•
r 36, 867 r 39, 362
223 |
" 202
* 1,187
• 31, 628 ! r 31,' 477
1,460 I T 1, 500
r 2, 123 | ' 2, 233
3,410 I r 3, 652
' 9, 381 ! r 9, 901
r
15,255 | r 14, 190
'2,435 :
r 1,318
' 2, 843
r
1. 430
Revised.
f N u m b e r of S t a t e s r e p o r t i n g varies slightly from m o n t h - t o - m o n t h , b u t t h e c o m p a r a b i l i t y of t h e series is not seriously affected.
° One c o m p a n y ceased r e p o r t i n g after D e c e m b e r 1936. F i g u r e for D e c e m b e r 1936 c o m p a r a b l e w i t h J a n u a r y 1937 is 110,634.
t R e v i s e d series. P r o d u c t i o n of b o o t s a n d shoes, for 1936 revisions see p . 46 of t h e M a r c h 1937 issue. Series on retail d i s t r i b u t i o n of gasoline revised for 1935 a n d 1936,
Revisions n o t s h o w n a b o v e will a p p e a r i n a s u b s e q u e n t issue.
P Preliminary.
47
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1937
March
1937
1936
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
February
January
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
112,807
90, 328
96, 053
86,904
83,255
95,230
85,813
82, 409
89, 934
62,036
51, 803
63,169
84, 644
2,154
332
1,821
2,298
359
1,939
7,108
1,813
5,295
1,718
295
1,423
1,853
351
1,502
7,018
1,858
5,160
2,005
294
1,711
2,093
338
1,755
6,927
1,816
5,111
2,052
318
1,735
1,962
318
1,644
7,031
1,826
5,205
2,052
328
1,725
1,972
309
1,663
7,113
1,845
5,268
2,218
337
1,881
2,056
315
1,742
7,265
1,866
5,399
2,171
348
1,823
2,005
331
1,674
7,419
1,883
5,536
2,151
351
1,800
2,122
342
1,781
7,438
1,876
5,562
2,352
351
2,001
2,327
356
1,972
7,463
1,870
5,593
1,816
314
1,502
1,751
340
1,411
7,512
1,842
5,670
1,827
311
1, 516
1,899
319
1, 581
7,432
1,816
5,616
r
1,571
'301
-"1,270
r
1,813
'359
r
1,454
'7, 619
r 1, 895
' 5, 724
' 1,597
270
r
1.327
r
2, 051
377
r
1, 674
r
7,195
T
1,810
r
5, 385
4,644
89, 716
7,210
81,851
10, 227
79,392
13,192
72,456
11,827
77,794
12, 042
74,909
12,842
72,208
14, 355
67,785
10, 726
63,934
4,785
67,976
4, 264
79,170
2,765
86, 554
2, 566
33,319
r 4,1C4
81,490
3,752
32,396
4,191
32,143
3,627
32,426
3,437
32, 459
3,840
31,894
4,137
31,445
3,536
31,349
4,648
30,756
3,991
30,197
3,408
31, 299
- 2,047
32,079
1,990
32,811
M ft. b. m_.
...do
do
___do
do
10, 346
21,015
9,746
10, 348
18,757
12,700
20,100
5,900
6,900
26, 550
5,900
18, 500
7,200
7,500
25, 400
4,300
15, 500
5,850
7,300
24,000
6,500
14, 600
6,200
7,850
22,350
7,050
13,000
7,000
9,000
20, 500
8,300
12, 400
7,900
8,500
21,000
10,100
13, 600
8,600
9,000
21,000
7,400
12, 600
9,000
8,500
21, 500
6,800
12,900
7,350
7,050
22, 500
15, 500
19, 700
8,100
8,900
21, 700
8,900
21, 300
7,300
8,100
20, 800
9,600
21,000
7,600
9,300
19, 600
do
do
do
do
_.do
29, 737
51,166
39,006
36,427
60,846
19, 381
43, 793
27, 607
28,479
58,683
19,211
33,521
30, 761
29,483
59,961
23, 622
28, 564
30, 273
28,579
61, 655
30, 576
27, 523
32, 031
31,617
62,069
29, 463
26, 863
32,980
30,123
64, 926
32, 953
29,408
30,872
30, 408
65,390
40, 671
36, 647
32, 378
33,432
64,336
39, 210
41,922
33,864
33, 935
64, 265
56, 471
68, 405
31, 752
29, 988
66,029
41, 589
74,116
35, 489
35,878
65, 640
30, 569
65, 838
34,012
38,847
60, 805
31,397
19,811
23,498
12,985
40,462
23,371
28,714
14, 612
27,331
18,312
27, 670
28,920
31,776
21, 248
22, 625
2,509
1,465
3,505
Exports (boards, planks, etc.)
M ft. b. m_
National Lumber Mfgrs. Assn..t
Production, total
mill. ft. b. m_
Hardwoods
_
do
Softwoods
do
Shipments, total
_
do
Hardwoods
do
Softwoods
do
Stocks, gross, end of month, total
do
Hardwoods
do
Softwoods
do
Retail movement (yard):
Ninth Federal Reserve District:
Sales
M ft. b. m.
Stocks, end of month
do
Tenth Federal Reserve District:
Sales
do...
Stocks, end of month
do
FLOORING
Maple, beech, and birch:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month
I
_
26, 409
57, 856
31,853
34,391
58, 267
SOFTWOODS
Fir, Douglas:
Exports:
Lumber
_M ft. b. m__
Timber
do
Prices, wholesale:*
No. 1, common boards.dol. per M ft. b. m__
Flooring, 1x4, " B " and better, v. g.
dol. per M ft. b. m._
Southern pine:f
Exports:
Lumber
_M ft. b. m__
Timber
do I
Orders:
j
New
mill. ft. b. m .
Unfilled, end of month
do
Price, wholesale, flooring
dol. per M ft. b. m__
Production
mill. ft. b. m .
Shipments
do
Stocks, end of month
do
Western pine:f
Orders:
New
__do
Unfilled, end of month
__do
Price, wholesale, Ponderosa pine, 1x8 no. 2,
common (f. o. b. inills).dol. per M ft. b. m_.
Production
..mill. ft. b. m_.
Shipments
do
Stocks, end of month
do
West Coast woods:^
Orders:
New
mill. ft. b. m._
Unfilled end of month
do
Production.
do
Shipments...
_
do
Stocks, end of month
do
Redwood, California:
Orders:
New
M ft. b. m_.
Unfilled, end of month
do
Production
do
Shipments
do
21,854
18.620
19.600
19.845
20.090
32, 063
23, 629
20.090
45, 080
44.100
43.855
43.120
42.728
41.160
19,456
1,723 I 12,750
52 | 8,522
20.825 I 21. 560
19.502
19. 600
19. 600
20. 286
40.964
41.160
41.160
42.532 J 43.610
45. 080
17, 822
5,573
32, 184
4,978
19.845
40.180
25,813
6,941
28,913
6,184
570
409
613
439
36.78
548
593
1,580
21,487
6,890
22, 826
6,358
25,463
5,137
19,836
4,224
19, 955
6,587
24, 797
4,213
25, 322
4,310
556
359
561
329
604
324
384
645
374
691
374
676
409
37.63
580
600
1,560
37.40
591
596
1,555
37.37
586
591
1,550
36.52
634
609
1,575
36.61
628
633
1,570
37.29
640
655
1,555
38.31
671
691
1,535
38.59
661
641
1,555
321
306
23.83
322
319
1,427
401
340
382
324
379
335
361
428
321
455
325
393
329
429
442
327
445
297
395
1,411
334
302
23.89
224
282
1,423
23.77
432
363
1,495
23.82
466
384
1,577
23.78
491
381
1,687
23.79
516
397
1,806
23.92
477
424
1,859
23.91
471
454
1,876
24.28
365
362
1,879
24.46
264
351
1,792
25.77
179
314
1,657
26. 80
163
311
1, 509
714
908
684
732
,211
498
547
521
498
1,199
645
509
684
1,181
491
470
659
530
1,210
469
415
513
524
1,199
572
393
594
594
1,199
558
462
515
490
1,225
530
452
516
539
1,202
726
520
679
658
1,223
418
661
336
277
1,282
642
907
444
397
1,329
440
1, 021
354
326
1, 357
424
926
422
519
,260
39,437
74,421
39, 783
43, 870
32,979
43, 049
37, 318
34,327
41, 535
49,143
37, 584
35, 562
31,157
44,213
37, 763
35,207
29,813
39, 251
38, 700
37,433
30, 603
37,172
35,434
30,992
32, 201
36, 608
38,939
33,477
34, 426
33, 781
38,928
36, 390
34, 327
33,000
41, 884
33,814
32, 668
39,873
34, 564
25,998
45, 013
60, 503
31,119
24, 382
58.0
59.0
59.0
65.0
68.0
74.0
81.0
86.0
85.0
10.0
13
6.0
9
5.0
18
5.0
12
3.5
23
3.0
21
5.0
23
5.0
20
5.0
26
25
30
33
33
46.49
675
625
1, 692
411
411
22, 893
7,506
5,103 !
740 I
796 !
574 I
509 j
!
39.28
41 .68
640
671
675
696
1,530
1, 495
48 393
81 663
35,108
27 622
655
549
44.56
650
680
1,465
334
423
32,142
80, 281
34, 791
33, 435
FURNITURE
All districts:
Plant operations
percent of normal.. | 84.5
Grand Rapids district:
Orders:
7.0
Canceled
percent of new orders._
New
no. of days' production..
21
Unfilled, end of month
no. of days' production..
Outstanding accounts, end of month
j
33
no. of days' sales._j
Plant operations
percent of normal., i
84.0
Shipments
no. of days' production.. |
20
Prices, wholesale:
78.2
Beds, wooden
1926=100..
97.0
Dining-room chairs, set of 6
do
87. 6
Kitchen cabinets
do
94. 0
Livinf-room davenports
do
Steel furniture (See Iron and Steel Section).
18
24
57.0
13
67.5
84.0
83.5
87.5
82.0 I
10.5
15
5.0
29
22
54.0
11
20
56.0
11
21
58.0
11
25
60.5
15
25
63.5
16
30
73.0
18
31
76.0
19
30
78.5
17
31
77.0
19
' 16
31
83. 0
18
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.5
84.0
83.5
87.5
67.9
84.0
83.5
87.5
70.4
84.0
83.5
87.5
71.1
84.0
83.5
87.5
70.5
85.5
83.5
87.5
71.7
85.5
83.5
88.9
76.0
85.5
83.5
88.9
76. 0
97.0
82. 5
94.0
78 2
97. 0
82.5
91 0
' Revised. • New series. For data for period 1922-36 see table 7, p. 19 of the February 1937 issue1 Data for April, July,October ana December 1936 and March 1937 are for 5 weeks; other months, 4 weeks.
f Revised series; for 1935 and 1936 revisions, see table 16, total lumber and table 17, Southern pine and Western pine lumber, p. 20 of the April 1937 issue.
18
40
31
48
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1835, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1937
March
Mav
1936
March
April
May
June
I July
1937
1937
j August SeptemOctober
ber
6
"be ™" ' « » > » *
ber
February
METALS AND MANUFACTURES
IRON AND STEEL
J
Foreign trade, iron and steel:
j
Exports (domestic)—
long tons.. 570,669
51, 702
Imports
do
Price, iron and steel, composite
39.92
dol. per long ton..
Ore
Iron ore (Lake Superior dist.):
I
Consumption by furnaces
i
thous. of long tons..
Shipments from upper lake ports
do
Receipts:
Lake Erie ports and furnaces
do
Other lower lake ports
do
Stocks, end of month, total
do
At furnaces
do
Lake Erie docks...
...do
Imports
do
Manganese ore, imports (manganese content)
thous. of long tons..
301, 987
49, 277
314, 950
59, 391
33.21
i 33.10
32.92
5,142
0
0
3,485
19
0
0
17, 437
14,585
2,852
215
0
0
22,933
18,199
4,734
132
0
9
19,370
15,240
4,130
177
41
264,337
56, 720
47,940
95,341
60,697
235, 764
59,993
261,882
64,509
203, 297
61,970
244,173
52,484
201, 512
43,063
291, 079
41, 628
32.79 |
33.49
33.88
34.15
34.63
34. 65
35.15
36.55
36. 74
3,882
5,050
3,763
6,608
3,826
7,160
3,969
7,444
4,027
7,481
4,385
7,301
4,269
4,551
0
4, 694
0
4,443
2,651
1,409
19, 242
15, 269
3,974
199
4,692
1,931
23,107
18,017
4,045
5,064
2,148
25,211
21,194
4,017
170
198
5,120
2,005
28,158
24,008
4,150
234
5,383
1,904
31,978
27,555
4,422
258
5,388
1,989
35,156
30, 377
4,780
193
62
3,014
37
1,430 j
35,378 j 31, 402
30,460 j 27, 022
4,918 ! 4,380
189
204
0
0
26, 747
22,986
3, 761
186
41
36
45,179
42, 253
52.0
35,554
44,361
46,552
57.0
40,194
55,521
51,778
61.9
58,152
50,934
62.3
50,041
67, 035
61, 674
73.5
57, 609
54, 070
53,638
67.4
51, 754
88, 075
148
94,140
155
97, 740
161
99,205
164
102,195
170
104,060
170
29
19
23 i
294,951
59,910
I
40 I
3,758 I
I
48 !
37
0
0
0
22, 418
19,081
3,337
210
29
Pig Iron and Iron Manufactures
•Castings, malleable:
Orders, new
..short tons..
Production-_
~_
do
Percent of capacity
- —
Shipments
short tons..
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per d a y Number
Prices, wholesale:
Basic (valley furnace)...dol. per long t o n Composite.
do
Foundry, no. 2, northern (Pitts.)
dol. per long ton..
Production
thous. of long tons..
Cast-iron boilers and radiators:
Boilers, round:
Production
thous. of lb._
Shipments
do
Stocks, end of month
_.do
Boilers, square:
Production...
do
Shipments
do .
Stocks, end of month
do.-.J
Radiators:
Convection type:
Sales, incl. heating elements, cabinets,
and grilles
thous. sq. ft. heating surfaceOrdinary type:
Production
do
Shipments
do
Stocks, end of mo..
do
Boilers, range, galvanized:
Orders:
New
number of boilers..
Unfilled, end of mo., total
do
Production
do
Shipments
do
Stocks, end of month
do
Boiler and pipe fittings:
Cast iron:
Production
short tons._
Shipments..
._
do
Malleable:
Production
.-do
Shipments
do....
68, 525
67, 521
82.1
67, 224
48,008
45,536
55.9
46,823
47,933
50,954
62.6
51,840
44,136
45,027
55.3
48,854
42,848
43, 766
53.9
46, 489
41,031
44,413
53.3
46,158
112,970
182
68, 395
126
84,915
144
86, 030
146
85, 405
145
83, 720 I
146 I
23.10
23.80
19.00
19.96
19.00
19.96
19.00
19.96
25.49
3,459
21.39
2,040
21.39
2,404
21.39
2,648
3,855
2,131
33, 800
3,954
1,664
37,738
3,456
1,683
35, 429
25,653
13,947
159,185
17,957
8,984
129,933
18,176
11,129
127, 274
60,187
57, 295
72.0
55, 742
|
j
19.00 I
19.96 |
19. 00
19.96 |
19.00
19.86
19.00
19.80
19.00
19.80
19.25
20.00
21.39 I
21.39 |
22.39 |
21.64
2,947 | 3, 115 !
2, 586
2,594 I
21.39
2,712
21.39
2,730
21.39
2,992
3,639
2,243
44, 882
3,339
3,195
41,160
3,066 i
3,905 !
40,314
3,020
3,634
39, 723
4,793
5,809
38, 706
4,256
8,633
34,338
2,748
5,202
31,681
19,043
13, 552
150, 558
21, 625
19, 523
143,991
24,867 I
27, 265
24, 658
42, 225
29, 062
33, 549
137, 671
32,748
45,960
123,005
22,992
28, 642
122,143
20.00 I 20.50
20.82 21.30
I
465
229
278
551
7,669
4,343
44,609
5,046
2,720
34, 779
6,345
3,549
36,997
6,253
4,175
40,368
5,931
5,590
40,179
86, 439
51,418
94,899
91,519
43, 002
62, 649
26, 094
64, 227
61,937
43, 332
57, 631
20,177
65, 773
63, 548
45, 557
25, 581
60, 352
61,194
44, 715
73,967
27,279
74, 242
72,921
38,161
29, 200
139, 619
613 !
j
755
23, 821
19, 765
125, 090
633
720
176
20.75
21.44
3.212
23.14
2,999
3,123
2.244
30; 090
3,689
1,897
31,857
24,084
13,616
135, 356
24, 497
11, 306
148, 420
427
789
656
7,917
9,190
38, 216
9,914
12,452
35,990
7,111
9,475
34,032
7,689
7,444
33, 020
89,192
50,064
103,208
103,799
39,164
91,142
44, 518
96, 757
96, 688
39, 233
151,230
57,842
133,848
137,906
35,175
91,317
39, 310
111,534
109, 849
36, 860
129, 644
83, 949
91,451
85, 028
43, 326
122.930 |
60,149
56, 498
103,694 '
100,364 i 106, 168
107, 345
103.185
39, 622
40, 505
10,170
8,902
8,134
9,193
7,365
8,818 •• 8,693
8,542 i 8.719
6,821 ! 7,487
8,027 ; 7,785
39, 246
39,223
i 115,834 I
j 64,671 !
10,036
! 78,442 i
j 39,755 j
750 I
I
2,584 !
3,562
29, 965
108,
10, 432
9,520
5,721
5,325 |
6,032
5,940
5,768
5,923 I
5,981 !
6,132 I
6,414 :
7, 690 :
7,160
9,529
8,211
9,613
6, 586
6,095
3,817 •
3,663 j
4,296
4,201
4,196
4,442
4,173 !
4, 202 !
4, 233
4, 404
4,225
5.697
5,200
5,454 j
7,180
4,572
37.069
478
7,692
3,613
41, 210
5,544
5,952
5,922
6, 338
951,022 1,027,198 11,105,921 1,119,943 1,139,842 j 1,025,742 1,255,817 940, 668
284,068 292, 762 257,132 235, 617 201. 245 257,344 319, 452 224, 042
210,834 294,246 355, 827 287,987 325, 894 240,369 306, 329 228 077
978,254 1,055,713 1,087,682 1,192,520 1,298,152 911,011 1,109,110 i 003,919
284,574 298, 549 285,935 316,116 295, 440 214,742 285,187 I 263, 992
234,884 310,063 310, 583 338, 500 385. 569 221,318 320, 743 i 260,120
892,149
171, 884
208,908
964,995
230, 595
232, 766
5,639
5,794 I
5,270 | 5,601
4,618 | 4,584
Sanitary Ware
Plumbing and heating equipment, wholesale
price (8 pieces)
dollars..
Porcelain enameled flatwear:
Orders, new, total.
do
Signs
...do
Table tops
do
Shipments, total
do
Signs
do
Table tops
do
226. 91
212.31 ! 212.19 ! 212.10 \ 212.11 , 221.80
877, 598 1,088,105
206,115
265,338
154,291
238,447
908, 433 1,076,233
220,427
315,556
205,747
176, 295
1,005,791
265,199
187,662
1.002,735
281, 205
189,980
221.80 | 221.95 | 222.12 I 222.35 \ 222.47
224. 82
Steel, Crude and Semimanufactured
Castings, steel:
95, 693
76, 394 159,430 I 114,959 i
59, 431
71,341
63,950
59, 393
94, 345
74,011
56,877
Orders, new, total-._
short tons.. 158,079
83,188
96.4
80.2
133.7 !
64.1
49.8
59.8
132.6
53.6
49.8
79.1
62.1
47.7
69.8
Percent of capacity.
51,908
85.076 ! 62,102 j
35,714
17, 962
32, 542
21, 455
45,942
25,755
52,466
34,443
16, 686
Railway specialties
„
short tons.. 86, 557
83,615
|
89,649
!
92,678
68,874
74,775
51, 674
64, 246
76,617
78,654
81,574
Production, total..
..do..-. 113,247
63,087
70,323
75.2 i
77.7
70.1 |
57.8
62.7
43.3
95.0
53.9
64.2
68.4
52.9
59.0
66.0
Percent of capacity
42,849
35,309 ! 40,867 '
28,094
30,006
17,385
36,826
34,304
24,712
25,857
30,802
34,858
Railway specialties
.short tons.. 50,911
Ingots, steel:
4, 737
4, 425
4,432
4,337 !
4,545
5, 229
4,195
4,161
3,343
3,942
4,046 j 3,985
3,923
Production
thous. of long tons..
84
79
83
78
59
74
70
69
73
Percent of capacity 1[
,
71
69
77
Bars, steel, cold finished, shipments
47,105 i 41,638 ; 52,467
60,363 ' 65,6
31,378 I 33,512
36,232 ! 41,178 I 44,382 ' 39,931
41,049
short tons.. 84,858
r
Revised.
Iron and Steel Institute computes the percent of capacity on a weekly average basis, with no allowance for Sundays or holidaj's;
1 Beginning January 1937, the
the American
A
rried forward
on the old basis (which relates daily average output to daily average capacity with allowance for Sundays, July 4, and Christmas)
the figure shown here will be carried
k
in order to keep the series comparable.
arable
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
49
SURVEY OF CURRENT BUSINESS
Mav 1937
1937
March
1937
1936
March j April j May
June
July
j August
October |
DecemJanuary
ber
Febru-
METALS AND MANUFACTURES—Continued
IEON AND STEEL-Continued
Steel, Crude and Semimanufactured—
Continued
Prices, wholesale:
0.0257 j 0.0258
0. 0246 0.0246 I 0.0252
Composite, finished steel
dol. per lb__ 0. 0283 0.0237
0.0236
0.0243 ! 0.0243 i 0.0241
0.0236 j 0.0236
Steel billets, rerolling (Pittsburgh)
32.00 | 32.40 i 34.00
34.00
36. 40
32.00
28.00
30.00 j 30.00
30.40
dol. per long ton__
28.20
28.00
28.00
.0190 | .0199 I .0205
.0205
.0221
Structural steel (Pittsburgh)
dol. per lb._
.0180
.0190 I .0190
.0190 i .0190
.0180
.0181
.0180
16.50
17.15 ! 18.06 19.44
20.85
16.25
Steel scrap (Chicago)
dol. per gross ton__
14.34
13.38 ' 15.19
16.15
14.75
12.85
12.88
U. S. Steel Corporation:
35,365
Earnings, net
thous. of dol__ 44, 010
16,445
27,996
28, 967
Shipments, finished products
long tons.. 1,414,399 783,552 979,907 ! 984,097 886,065 950,851 923,703 961,803 1,007,417 882,643 1,067,365 1,149,918 1,133, 724
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
number__ 722, 659 341,248 299,745 400,184 452, 386 499,838 427, 583 456, 682 343,347 351, 888 800, 546 826, 510 623, 803
855,889 578, 705 650,028 636, 449 626,599 677, 462 515, 380 697, 783 835,177 653,971 804, 526 824, 073 722, 338
Production
do
61.2
46.3
51.9
43.3
38.4
48.6
59.9
63.6
48.5
46.8
50.6
62.1
47.5
Percent of capacity
627, 755
658,103 793,670 825,406
Shipments
number... 853,625 577, 240 658,657 643,841 627,065 672,974 518, 795 694,331
27,107
21, 750
35, 260
20,206 | 23,658
28,500
26,991
24, 014
23,621
17, 720
19, 599
19,133
21,852
Stocks, end of month
do
Boilers, steel, new orders:
'855
651 j
892
937
590
784
1,872
712
1,110
1,081 i
1,131
3,516
969
Area
thous. of sq. ft..
682 !
594
1,049
-•757
1,343
1,091
837
915
687
1,140 ! 1, 233
1,201
720
Quantity
number..
Furniture, steel:
Office furniture:
Orders:
r 2, 444
2,079
1,667
1,587
1,734
1,583
1,514
1, 565
1,511
1,841
2,227
1.517
New
thous. of dol..
r 1, 727
1,734
1,033
1,186
964
1,070
913
918
996
1,097
1,363
975
Unfilled, end of month
do I
2,072
r 2,175
1,550
1, 646
1,470
1,586
1,634
1,439
1,451
1,511
1,777
2,113
Shipments..
_.do I
Shelving:
!
Orders:
599
419
433
414
394
459
378
448
670 ' ' 574
448 S
436
New
do ;
404
235
394
262
294
358
418
229
386 !
426 i r 434
395
Unfilled, end of month
do j
628
382
425
'567
416
384
393
420
!
436
571
!
435
Shipments
do \
Safes:
I
Orders:
I
192
197
195
227
224
204 I
238 j
251
228
205
287
250
New
do i
186
217
190
204
178
197
218
216
208 i
192 ;
228
194
Unfilled, end of month.
do j
222
203
210
244
207
220
226
209 I
240 s
205 I
240
234
Shipments
do....!
289
232
309
313
251
201
246
247
|
199
|
299
267
;
242
Spring washers, shipments
do
Plate, fabricated steel, new orders, total
30,340
35,033
40,
424
30,437
52,
937
31,999
|
40,465
30,
018
51,
443
60,
324
51,017
33,791
short tons..
9,041
8,604 ! 9,446
10, 507
3,620
21,861
9,968
5,678
9.311
6,368
9,320
6,632
Oil storage tanks
do
Sheets, black, blue, galvanized, and full finished:
Orders:
251,818 I 190, 269 191,511 261, 439 192,873 207, 781 255,557 223,195 294,080 336, 758
0)
New
short tons..
280,493 j 221,950 217,831 276, 551 263, 531 237,029 287, 746 281, 226 372, 407 456,811
0)
(0
Unfilled, end of month
_.do
207,820 i 217, 975 224, 056 210,448 217, 651 202,456 213, 706 235,057 224,031 230, 581
0)
0)
Production, total._
_
do
68.3 !
66.5
69.2
71.5
0)
71.6
70.2
78.7
73.6
84.7
0)
82.6
Percent of capacity
209,673 j 252, 441 210,127 203,853 213,372 197,156 204,285 223,874 212,130 244,409
(0
0)
Shipments.short tons..
0)
141,916 ! 124, 239 138,510 136, 605 138,884 141, 328 137,556 133,370 128,906 132,432
0)
Stocks end of month, total
do
0)
70,648 j 65, 783
79,451
72, 603
62, 938
75,912
72,333
59, 325
71, 367
0)
69,355
Unsold stocks...
do
8,153
6,258 ;
6,401
4, 756
7,031
6,507
6,216
7,314
5,722
5,579
7. 246
5,547
Track work, shipments
do
I
MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new:
954
1,154
1,106
983
1, 336
1,059
1,078
1,044 i
960
Fan group
thous. of dol..
1,204
1,137
561
1,013
564
576
1,624
1,279 j 1,141
871
Unit-heater group.._
do
711
871
Electric overhead cranes:
Orders:
363
572
281
539 I 479
404
1,079
889
529 i
1,136
416
New
do
921
2,208 | 2,275
1,723 i 2,026
2,242
2,085
2,641
1,999 I 2,472
3,994
Unfilled, end of month
do
1,908
3,427
416 ! 412
317 ,
277
2,893
680
566
436 j 664
578
Shipments
.do
783
387
Electrical equipment. (See Nonferrous metals.)
462
Exports, machinery. (See Foreign trade.)
Foundry equipment:
Orders:
145.4
141.4
249.5
115.0 I 134.0 165.4
159.6
200.4
190.9
161.0
283.3
New
1922-24 = 100-.
174.4
152.1
94.4 1 123.2 142.6
130.8
144.5
162.8
223.4
333. 3
380.0
408.5
319.6
Unfilled, end of month
do
174.0
137.2
150.5
124.0 ! 105.1 I 146.7
145.7
150.9
153.0
177.2
201.8
187.1
Shipments
do I 285.6
162.9
Fuel equipment:
Oil burners:
Orders:
22,347
9,401
16,413
35,252
16,038
10,333
9,431
10, 541
12, 730
15,437
11,135
33,355
New
number.. 14, 242
4,224
3,024
3,041
4,071
3, 451
2,838
4,078
2,034
2,365
2,739
2,557
2,392
3,467
Unfilled, end of month.
do
21,164
9,274
9,828
17,450
35,405
14,699
8,931
10, 210
12,356
16,347
11,300
33,959
Shipments
do I 14, 428
23, 608
16,000
16, 538
16, 335
19,341 21,577
16, 944
18,890
15,174
16,082
14,102
Stocks, end of month
do I 16, 016 15,109
34
15
23
22
59
79
48
24
41
27
38
133
23
Pulverizers, orders, new
do j
Mechanical stokers, sales §
j
2,652
3,121
5,952
9,123
4,712
' 2, 899
3,180
3,773
16,139
8,687
5,513
17,909
Classes 1, 2, and 3
do j 5,326
Classes 4 and 5:
\
434
119
133
244
336
r 142
499
159
155
186
324
309
462
Number
I
80,268
20; 648
67, 218
50, 717
43, 530
75,106
62,680
79, 226
24,855
89,130
38,068
Horsepower
_
j 20,313
• 22, 518
Machine tools, orders, new
I
127.5
150.1
118.5
105.3
128.8
125.7
118.9
147. 1
257.7
136.5
av. mo. shipments 1826=100.- j 211. 6
200.3
Pumps:
Domestic, water, shipments:
55,762
60,054
59, 201
43, 233
52,236
42, 407
47,454
33,022
32, 602 • 66,089
40,679
47, 548
Pitcher, other hand, and windmill__units._ 53, 577
1,412
1,349
1,326
976
826
' 1, 242
1,250
1,198
1, 330
1,134
Power, horizontal type
do j 1, 382
1,306
968
Measuring and dispensing, shipments:f
j
Gasoline:
I
729
786
658
834
621
748
630
871
767 I 393
Hand-operated
units..!
836
9,347
8, 316
8,971
8,306
8,725
9,320
8,937
9, 035
8, 487
Power
do I
8,630
8, 785
5 229
Oil, grease, and other:
j
14, 341
13, 513
12,884
13,798 ' 11,329 I 11,894
10, 706
10, 511
10, 563
15, 841
Hand-operated
do i.
14,785
15, 609
3,564
3,704
4,729
r 5,672
3, 242
Power
do
5,224 ! 3,450 ' 3,938
3,331
4,620
3,282
1,956
Steam, power, centrifugal, and rotary :f
i
Orders, new
thous. of dol—'.
1,190
1,267
1,379
1,542
1, 250
1,183
1,189
1,046 ! 1,535 • 1,271
1,198
1
Entire series now being revised by the National Association of Flat Rolled Steel Manufacturers. The data will be shown in the Survey when available.
r
Revised. §See note marked "§", on p. 50.
t Revised series. Steam, power, centrifugal and rotary pumps, for revisions for period 1919-36 see table 15, p. 19 of the April 1937 issue. For measuring and dispensing
pumps, see revisions and explanatory note. See note marked "f" on p. 49 of the April 1937 issue.
50
SURVEY OF CURRENT BUSINESS
1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
March
May 1937
1936
March
April
May
June
July
1937
August
Septem- October Novem- December
ber
ber
January
February
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS-Con.
Water-softening apparatus, shipments..units..
Water systems, shipments
do
Woodworking machinery:
Orders:
Canceled
..thous. of doL.
New
do
Unfilled, end of month
do
Shipments:
Quantity
machines..
Value
thous. of doL.
1,141
15, 788
980
12,059
1,031
13, 067
1,014
13, 718
1,052
17, 295
845
16,815
1,016
14, 990
954
15, 537
1,001
13,112
11,074
1,018
10,864
'960
• 15, 562
5
417
632
7
377
610
9
439
604
9
445
597
12
474
610
16
571
657
9
652
819
10
561
816
14
737
1,050
7
744
3,195
21
744
1,339
224
358
217
383
247
444
267
445
280
439
300
494
358
490
314
557
470
367
619
314
571
21, 685
.1257
28, 003
.1207
41, 043
.1188
29,113
.1165
40, 506
.1163
22,836
.1198
19,178
.1222
27,496
.1263
29, 744
.1274
28, 363
.1281
41, 603
.1281
2,414
549
1,865
2,312
420
1,893
2,374
495
1,879
2,540
563
1,976
2,495
772
1,723
2,654
678
1,977
2,491
695
1,796
2,362
570
1,792
2,706
602
2,104
2, 364
518
1,846
2,290
579
1, 712
17, 250
11,311
10, 111
20, 421
15, 700
12, 926
24, 516
14, 670
14, 561
22,148
18, 071
14, 788
24, 622
15, 574
12, 980
22, 737
14,639
11, 225
28,577
9,516
8,093
24, 560
23, 589
22, 321
23,490
16,702
12,599
22, 046
7,133
5,994
29,099
21,952
18, 358
9
1,191
.0917
1,467
1,307
.0928
9
100
.0928
1,512
1,771
.0935
2
2,592
.0953
13
3,401
.0953
24
1,399
.0956
25
1,243
.1016
2,974
1,129
.1076
1,115
.1242
2,133
1,460
. 1343
'1,012
16,082
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
19, 938
Imports, bauxite
long tons__ 43, 016
.1263
Price, scrap, cast (N. Y.)
dol. per lb._
.1281
Babbitt metal (white-base antifriction-bearing
metals):
2,064
Production, total
..thous. of lb-_
2,999
453
For own use
do
546
1,612
Sales
do
2,453
Copper:^
17, 874
Exports, refined and mfrs.
.short tons.. 31,728
16, 428
Imports, total
do
14, 553
For smelting, refining, and export-.-do
11, 988
12, 905
Product of Cuba and the Philippine Is2,938
lands
short tons..
46
1,502
All other
do
1,602
.0903
Price, electrolytic (N. Y.)-dol. per lb._
. 1578
Lead:
Imports of ore, concentrates, pigs, bars, etc.
946
short tons..
602
Ore:
29, 341
Receipts, lead content of domestic ore,do
4,550
Shipments, Joplin district.
do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
.0460
dol. per lb._
.0719
32, 184
Production from domestic ore.-short tons.. 41, 246
36, 743
Shipments, reported
do
63, 425
Stocks, end of month
do
137, 028 223, 388
Tin:
Consumption in manufacture of tin and
2,350
terneplate
long tons..
3, 680
5,520
Deliveries
do
9,080
6.104
Imports, bars, blocks, etc
do
10, 468
.4799
Price, Straits (N. Y.)
.dol. perlb..
.6271
Stocks, end of month:
18, 664
World, visible supply
long tons.. 24,127
3,968
United States
do
5,731
Zinc:
Ore, Joplin district:
38,640
Shipments
..short tons..
26,930
Stocks, end of month
..do
.0738
.0490
Price, prime, western (St. L.)
dol. per Reproduction, slab, at primary smelters f
short tons.. 53, 202 '42,411
37, 922
Retorts in operation, end of mo
number.. 43, 635
Shipments, total t
short tons.. 59. 635 ' 38, 087
59, 635 ' 38,087
Domestic I
do
18, 183 ' 79,693
Stocks, refinery, end of mot
do
718
2,967
1,027
1,192
2,997
382
1,742
29,535
2,950
30, 547
4,540
31, 828
3,500
34, 137
5,880
31,314
3.180
30,892
2,970
30, 910
4,880
31, 096
6,390
32,052
4,954
35, 760
4,722
32, 286
5,398
.0460
36,175
40, 457
220, 991
.0460
39,558
33, 125
229, 409
.0460
36, 756
37, 736
230, 481
.0460
36,863
38, 996
231, 081
.0460
31,117
46, 388
218, 233
.0460
29, 78S
50, 685
200, 517
.0463
39,317
59, 210
183, 430
.0511
40,273
50,313
176, 960
.0555
43,613
52,032
171,856
.0600
41, 223
45, 718
169, 776
. 0624
34, 986
50, 375
156, 832
2,850
6,235
4,994
.4694
3,300
5,235
5,493
.4630
3,520
7,795
8,134
.4222
3,260
7,120
6,674
. 4297
3,050
5,385
6,069
.4257
3,300
6,200
5, 626
.4474
3,300
6,005
6,327
.4494
2,940
5,345
5,098
.5131
3,200
6,930
8,339
.5185
3. 070
7,615
8, 509
.5089
3,130
7,675
7, 238
. 5194
16, 869
2,713
18, 380
2,941
16, 448
3,054
16, 759
2,151
17, 642
3,095
16. 896
2,860
19,048
3.315
23,148
3,030
23,787
5,095
26,179
5,478
23, 774
4,956
40,060
28, 070
.0490
40,900
33, 560
.0490
29, 420
39, 240
.0488
22,060
41, 270
.0478
35,810
37,180
.0480
35, 780
30, 590
.0485
46,500
31,200
.0485
40, 830
29, 990
.0497
44, 245
23,085
.0527
41, 262
43, 837
. 0585
. 0647
' 43,180
41,400
' 42, 239
r 42, 239
' 80, 634
' 44.833
41, 048
' 43,905
' 43, 905
r
81, 5G2
' 44, 875
40, 700
' 41, 582
' 41, 582
' 84,855
r 45, 481
41,308
'41,819
r 41,819
' 88, 517
42,211 ' 46,225
40, 672
41, 733
51, 775 ' 53,963
51,775 ' 53,963
' 76, 482 ' 68,744
45, 670
43,103
56, 887
56. 887
57, 527
• 46,940
42,965
• 59,512
' 59,512
' 44,955
40, 047
40, 285
• 51, 227
• 51, 227
• 33, 775
' 37, 794
42, 786
' 46, 953
' 46, 953
' 24, 616
1
43, 542
41. 308
•46.013
• 46,013
' 86, 046
1,073
402
Electrical Equipment
Furnaces, electric, new orders:
4, 225
3, 262
Unit
_
.kilowatts..
3,664
2,992
3,246
3,637
3,631
2,262
4,391
2 757
3,365
3,631
3, 161
3,203
146
215
Value
. . . t h o u s . of d o l . .
281
200
253
358
230
168
329
215
358
230
236
200
255 !
253
168
221
Electrical goods, new orders (quarterly)
thous. of d o l . .
153,452
228, 062
190, 598
191,319
Laminated phenolic products, shipments
1,005
1, 059
thous. of d o l 1,451
r-•916
gi6
rQ87
'1,125
'1,122
,123
'1,060
' 1,131
• 1,138 ' 1, 229
' 1,125
' 1,122 ' 1 1,123
'987
' 1,086
Motors (1-200 H . P . ) :
Billings (shipments):
2,735
2,476 |
2.648
2,243
A. C .
thous. of d o L .
1,815
2,158
2,513
2,319
3, 266
2,248
1,815
2,158
2,513
2,536
2,466
634 !
742
D. C
__do.
525
425
524
518
727
811
661
558
554
Orders, new:
3,274
A. C___
_...do
2,134
2,194
2,915
2,628
2,508
3, 301
2,134
2,194
2,539
2,636
2,563
2,915
2, 691
3, 955
D. C
_
do.
573
984
613
1,074
595
608
658
599
938
585
882
Power cables, paper insulated:
Shipments
. t h o u s . of ft._
848
446
408
533
536
672
664
677
446
533
536
672
732 j
408
518 !
955
655
577
Value
-thous. of d o L .
1,090
561
626
697
613
610
734
672
697
607
626
613
610
1,023
815
671
561
868 I
Power switching equipment, new orders:
Indoor..
dollars
57,981
68,080
77,795
72,425
85,758
99, 621
68, 080
77, 795
72, 425 118,256
118, 256
89,517 124, 562
77,303 !
75, 906
Outdoor
do
214,250
143,868
203,674
166,011 214,
250 162,163 143,
868 203,
674 165,245 222, 832 267. 098 192, 967 284, 308 341,395 !
. .
Ranges, electric, billed sales
thous. of d o l . .
3,402
2,190
2,213
2,311
1,678
1,468
2,190
2,213
2,311
2,272
1,708
1,678
1,425
1,746
1,719
1,840 s 1,699
237, 371 205,098 106,975
Refrigerators, household, sales
number
272,139 304,089 329,140 237,371
44,380
78,
265
80,050
123, 208 171,405 I 245,718
Vacuum cleaners, shipments:
Floor cleaners
do
148,113 114,001 104,559
80,649
71,628
84,108 104,944 109,636 100,983 114,892
104, 559 105,275
80, 649
71, 628
92, 056
112,787
H a n d - t y p e cleaners
do
52,301
35,878
29,588
22,295
18,765
22,101
32,175
22,
295
35,
878
32,944
18,
765
39,118
38,860
32, 520
40,921
29,
588
38, 477
Vulcanized fiber:
Consumption of fiber paper
thous. of lb._
3,007
1,830
2,129
2,116
2,179
2,210
2,248
2,116
1,830
2,129
2,179
2,382
2,185
2,235
2,446 | 2,307 I
2 321
492
Shipments..
thous. of d o L .
652
492
470
471
489
525
485
470
471
489
525
599 !i
f>40 I1
579
517
' 510 i
'599
'640
'633
* Revised.
^ M o n t h l y data on copper production, shipments, and stocks for m o n t h s of 1936, comparable with those shown in the 1936 supplem ent through 1935, are not available.
§ Classifications changed starting in J a n u a r y 1937, b u t for all practical purposes the series shown are comparable. Classes 4 and 5 are practically equivalent to former
class 4; changes made in classes 1, 2, and 3 do not affect the total for t h e 3 classes as shown here.
tRevised series. D a t a revised for 1936. Revisions not shown above are as follows: J a n u a r y production, 41,641; total shipments, 46,2141; domestic shipments. 46,341; stocks
79,059; F e b r u a r y production, 36,156; total shipments. 39,846; domestic shipments, 39,846; stocks, 75,369.
51
SUEVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey
1937
1936
March
April
May
June
July
Decem- January FebruOctober NovemAugust Septemary
ber
ber
ber
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS-Continued
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
net tons—
Orders, unfilled, end of mo
do
Plumbing fixtures, brass:
Shipments
number of pieces.
Radiators, convection type:
Sales:
Heating elements only, without cabinets
or grilles
thous. of sq.ft. heating surf_.
Including heating elements, cabinets, &
grilles
thous. of sq. ft. heating surf..
Sheets, brass, price, mill
dol. per lb_.
Wire cloth (brass, bronze, and alloy):
Orders:
New
thous. of sq. ft__
Unfilled, end of mo
do
Production. _
do
Shipments
do
Stocks, end of month
do
10, 626
26, 408
5,897
18, 914
6,012
22, 238
5,747
19, 288
5,996
17, 379
6,339
25, 289
6,379
23, 717
6,783
23, 796
8,025
32,411
7,773
30,436
10,022
29, 309
7,939
33, 077
9,433
30, 286
1,210,393 1,275,836 1,274,888 1,345,454 1,502,900 1,428,850 1,561,410 1,657,418 1,539,774 1,804,702 1,929,150 1,878,903
63
51
101
140
106
141
103
168
448
.210
117
.146
202
.148
233
.151
349
.151
441
.152
415
.154
448
.155
459
.157
426
.162
328
.168
343
.178
236
.189
1,107
2,051
557
558
790
413
516
424
411
709
369
412
450
439
702
416
441
387
386
706
408
500
413
379
740
384
478
413
416
718
423
455
528
433
442
740
505
567
501
457
764
517
672
428
418
771
774
521
508
749
1,191
1,355
535
512
774
215
1,362
488
477
781
408
406
PAPER AND PRINTING
WOOD PULP
Consumption and shipments:! ®
Total, all grades
short tons..
Oroundwood
_
__do
Sulphate
do
Sulphite, total
..
__do
Bleached
do
Unbleached
do
Soda
_do
Production:!
Total, all grades
do
Ground wood
do
Sulphate
do
Sulphite, total
do
Bleached.,.
_
...do
Unbleached
_
do
Soda
do
Stocks, end of monthf:
Total, all grades
do
Ground wood_._
do
Sulphate
do
Sulphite, total
_.do
Bleached
do
Unbleached
do
Soda___
_
do
Imports:
Chemical
__
do
Groundwood
do
Price, sulphite, unbleached
dol. per 1001b._
563, 062
138,800
179. 091
183, 588
116, 301
67, 287
61, 583
442, 488
117, 280
140, 989
137,153
85, 952
51, 201
47, 066
484, 223
127,121
140, 867
166, 413
109,146
57, 267
49, 822
476, 628
129, 305
152, 811
149,149
93,911
55, 238
45, 363
473, 075
128, 242
151, 003
148, 742
95, 594
53,148
45, 088
463, 804
120, 955
148,729
150,673
97, 032
53,641
43, 447
483,154
120,403
159, 542
155, 813
100, 809
55, 004
47, 396
481, 745
120,190
157,116
156,131
98, 355
57, 776
48,308
529,035
137, 945
168, 533
169,416
106, 994
62, 422
53,141
504,
132,
161,
157,
98,
59,
52,
627
914
442
897
008
889
374
511,019
134, 039
158, 782
161,912
99,946
61, 966
56, 286
526,747
131,041
172,386
165,192
100,255
64,937
58,128
504,031
122,003
160, 859
165,613
99,373
66,240
55, 556
576, 097
148, 927
179, 091
186, 766
115,184
71, 582
61,313
455,842
126, 379
140, 567
143, 378
89, 254
54,124
45,518
483,432
137, 726
141,860
153, 572
99, 951
53, 621
50, 274
490, 802
138,146
152, 354
154, 060
99, 799
54, 261
46, 242
473, 980
126, 471
151,914
150, 280
96, 268
54, 012
45, 315
452,394
111,582
149, 027
147, 855
94,850
53,005
43,930
475,360
108, 962
159, 702
158, 870
100, 910
57, 960
47,826
464, 735
109, 463
154,947
151,381
91,120
57,261
48, 944
519, 909
130, 383
167, 030
170, 089
105, 935
64,154
52, 407
501, 810
130, 436
161, 604
159,265
98, 402
60, 863
50, 505
512, 057
138, 470
159,420
158,161
96, 380
61, 781
56, 006
540,822
139,109
172,559
170,968
103,676
67, 292
58.186
513,703
130, 067
161,343
166.958
104,713
62, 245
55,335
87, 820 105,476 104, 234
34, 403 41,479
50,727
6,440
7,471
6, 435
55,080
44, 580
43, 239
28, 404 36, 593 28, 276
18, 487 14,963
16,176
2,477
2,402
2,797
116,514
58,396
7,085
47, 624
33,631
13,993
3,409
117,402
56, 830
7,912
49,104
34, 260
14,844
3,556
107,266
48, 616
8,232
46, 529
32, 304
14, 225
3,889
100, 707
38,646
8,384
49, 478
32,369
17,109
4,199
85, 310
29,280
6,203
45,170
28, 565
16,605
4, 657
77,656
22, 742
4,784
45,999
27, 651
18,348
4,131
75, 722
20, 600
4,985
47,317
28,047
19, 270
2,820
76, 614
24, 634
5,474
43, 867
24, 868
18,999
2,639
71,712
22,926
6, 014
40,091
24,246
15,845
2,681
78, 586
27,970
6, 435
41,640
28, 489
13,151
2, 541
170, 038 143, 576 122,060
13,905
17, 296 20,457
1.90
1.90
3.34
166,048
21, 437
1.91
235,129
14, 529
1.93
207,444
25, 628
1.93
222,320
19,850
1.93
208,933
28,183
1.94
201, 284
23.572
1.98
198.195
27, 031
2.06
215, 612
26, 333
2.33
192, 788
20, 735
2. 63
214,115
17,093
3.01
798,060
797,826
846,434
833, 038
843, 417 984, 688
864,309
956,779 ••948,514
944,760
453, 983 485,208 415,828 406,228
414,714 496,498 432,814 429, 324
413,778 485, 666 424, 281 415, 506
466,482
474,040
480,156
428. 549
439, 309
426, 957
459, 373 560,150
442,692 543, 763
449, 087 538, 340
505, 593
462,837
457, 044
613, 669 r521, 406
547,958 '503, 487
563,997 r511,916
512, 858
499,257
493, 677
PAPER
Total paper:
Paper, incl. newsprint and paperboard:
Production^
short tons..
Paper, excl. newsprint and paperboard:
Orders, new
short tons_.
Production
___do
Shipments
do
Book paper:
Coated paper:
Orders, new
do
24, 709
Orders, unfilled, end of mo
do
10,855
Production
do
21,465
Percent of potential capacity
94. 5
Shipments
short tons.. 21,183
Stocks, end of month
do
10, 230
Uncoated paper:
Orders, new
do
131,537
Orders, unfilled, end of mo
do
82, 244
Price, cased, machine finished, at mills
dol. per 100 lb._
Production
short tons_. 109, 260
Percent of potential capacity
94.8
Shipments
short tons._ 112,741
Stocks, end of month
do
77, 743
Fine paper:
Orders, new
do
Orders, unfilled, end of mo
do
Production
do
Shipments
do
Stocks, end of month—
__.do
Wrapping paper:
Orders, new
do
Orders, unfilled, end of mo.
..do
Production
do
Shipments
do
Stocks, end of month
do
776,471
r
8C8,901
31,096
17, 314
24, 697
76.0
25,998
12, 528
18,610
11, 336
23, 525
79.0
23, 734
11, 992
17,097
9,106
21, 409
71.0
21, 308
12,093
16, 502
8,218
19.260
68.0
18, 497
12, 245
16,876
6,657
19, 226
66.3
18, 885
12, 878
18, 531
6,780
20,103
69.4
20,387
13, 284
18, 895
7,407
19, 239
77.7
18, 983
12,157
20, 554
6,634
22, 225
83.4
22,048
12,334
28, 287
12, 659
22. 761
83.4
22, 531
12, 386
28,119
12, 783
26, 835
91.0
28,952
12, 785
26, 676
11,116
27,210
94.0
27, 939
11,884
21,746
9, 257
23,043
103.0
22, 863
11,029
128,902
65, 508
85, 548
49, 939
72, 890
37, 369
77,313
35,013
82,107
33.058
85,004
33, 831
91,452 101, 413
34, 208 34, 270
115, 477
54, 829
127,834
66, 239
114,643
64, 372
111,112
69, 703
5.25
5.25
101, 669 107, 533
80.0
85.4
107,116 105, 689
73, 349 76,033
5.25
97,369
77.5
90, 507
82, 280
5.25
8d, 676
71.6
83,718
83, 644
5.25
89, 210
73.4
86,040
87, 036
5.25
93, 988
76.0
92, 611
88, 970
5.25
5.25
95, 793 103,417
83.2
83.5
94,141 101, 648
94, 548 89, 724
5.38
98, 939
84.3
98, 448
92, 607
5.50
112, 689
86.2
119, 231
86, 067
5.75
111,733
90.6
114,085
80, 267
5.75
104, 795
95.7
103,829
84,191
61,141
44,620
16.169
47i 990
45,119
61, 545
30,922
13,194
35, 561
33, 559
62, 510
31, 641
12, 274
35, 077
33,033
65. 784
37,073
10,941
39,358
39, 951
62,957
31,516
9,684
33, 626
31,838
65, 527
50, 578
13, 800
47,416
46, 610
66, 771
40, 033
16,468
37,986
36, 610
68, 325
53, 679
21, 470
48,112
48, 308
67, 972
r 48, 620
' 24, 778
r 43, 482
45, 632
63,068
44, 638
23,960
44,516
45, 050
62, 534
133.755
61,447
132,887
128,056
114,066
177, 510
77, 344
165, 537
161, 543
118,269
151,013
73, 312
140,120
144,232
114.092
140, 385
72, 439
144,615
143, 367
113, 711
167,815
74, 750
163, 588
167, 5S6
109,180
141, 436
77, 600
147,142
140, 740
112, 323
207,062
95,934
195,874
199, 369
108,163
170, 910
116,625
155, 605
151, 785
111,912
230,499
153,811
196,998
200, 433
110,612
'169,599
145, 251
r 169,617
r 171. 270
••108,146
177,911
153,656
172,290
169, 367
109,925
39,086
16,121
33,678
35,435
31,865
9,995
30, 625
31, 727
66,100
159, 712
87,212
150, 952
153, 243
110, 704
r
ISee note marked " 1 " on next page.
t Revised.
0 Comprises pulp used in the producing mills and shipments to the market.
/(•Revised series. Production of wood pulp, except soda pulp, for 1936 has been revised to conform with the industry totals reported by the U. S. Palp Producers' Association for that year. For these items, consumption and shipments have been adjusted to the revised production figures by the Survey of Current Business. For the same
items, data on production and consumption and shipments for 1935 adjusted to census data for that year will appear in a subsequent issue. Pending publication of these
figures, data shown in monthly issues starting with March 1937 can be used in conjunction with earlier data shown in the 1936 Supplement without serious error. Figures
on stocks have not been adjusted through December 1936. All wood-pulp data except soda pulp, starting with January 1937 are based on the reports of 145 identical mills
(earlier months are for 162 mills) adjusted to compare with the figures for earlier periods. Data on soda pulp (production and consumption and shipments) have been adjusted
to the
1935 census by the Survey; earlier figures appeared in the 1936 Supplement.
for
FRASER
Digitized
52
SURVEY OF CURRENT BUSINESS
1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
Mav 1937
1936
March
March
April
May
June
1937
July
_l_
Novem-
August September
January
ber
February
PAPER AND PRINTING—Continued
PAPER—Continued
Newsprint:
Canada:
Exports
short tons__ 294,935
301,110
Production!
do
290, 453
Shipments from millsf
do
84, 902
Stocks, at mills, end of mot
do
United States:
197,956
Consumption by publishers
do
270, 478
Imports
do
Price, rolls, contract, destination (N. Y.
42.50
basis)
dol. per short ton._
Production^
short tons.. 82, 576
Shipments from mills
_
do | 79, 570
Stocks, end of month:
j
At mills.
do I 19, 001
At publishers!
do I 247,395
In transit to publishers!
do
57, 099
Paperboard:
Consumption, waste paper
do \
Orders, new
do !
Orders, unfilled, end of mo
do I
Productioni
_do |
Percent of capacity
|
Stocks of waste paper, end of month:
{
At mills
short tons.-!
In transit and unshipped purchases
I
short tons.. I
PAPER PRODUCTS
|
Abrasive paper and cloth, shipments:
I
Domestic
reams. _ 90,365
13,971
Foreign
do
Paperboard shipping boxes:
Shipments, total
mills, of sq. ft_.
Corrugated
do
Solid
fiber
do
PRINTING
256. 564
243,811
240,164
94, 204
192,894
258, 688
267, 263
85, 618
258, 288
267, 753
287,131
66,107
283.
270;
263,
72,
183, 974
220, 641
183,399
203, 590
227, 216
262, 580
178,396
222,187
41.00
76,500
74,482
41.00
76, 504
77, 714
41.00
75, 719
77, 273
18,163
202, 838
40,924
17,249
189, 054
48, 663
15, 907
191,162
45, 868
21,031
193, 761
40, 553
237, 601 245,738 I 241,895
290, 854 297,984 j 280,899
96, 202
99,796 I 92,784
285, 257 295,899 ] 289,527
69.4
71.8 ! 71.0
204,376 I 204,353 ! 213,435
270, 363
278, 529
65, 896
278,368
269, 074
268, 909
65, 718
280, 733
301, 096
307, 250
59,439
295,833
286, 235
293, 539
51,986
6, 233 i 259,543
289, 312 286, 991
316, 723 261,992
49.505
24, 506
222,945
275, 532
251,256
73, 769
170,884
205, 704
168,289
246,186
175,811
238, 317
260,135
223,813
249,153
198,264 ! 183,106
278,991 | 238,426
' 199,997
204, 689
41.00 i 41.00
79,820 I 73, 361
74,780
74,838
41.00
74, 338
72, 645
41.00
72, 206
75, 599
41.00
81,076
81,771
41.00
79, 848
80, 469
41.00
80,048
81,910
42.50
79,362
75, 046
19,907
20,647
201,731 : 220,145
48,099 | 42,309
16,878
16,400
232,204 I 236,743
42,881 ! 42,106
15, 988
214, 568
56, 425
14,239
251,091
54, 294
18,673
257,241
'49,013
15, 995
'243,951
' 54. 013
241, 656
290, 098
96, 402
288, 682
70.5
249,402
304,747
101,557
299,033
69.4
281, 046
353,197
135, 732
328, 519
79.1
306,874
357,783
138,830
359,849
82.7
274, 332
308, 732
127,193
321, 624
79.6
279, 068
350, 452
130, 472
328, 773
75.6
'295.554
'407,716
'221,409
'36.5,665
' 82.0
295, 477
386, 781
236,011
373.431
90.0
218,330
219,042 \ 207,886
191,408 I 189,590
182,822
199,404
r
211,295
196. 570
(0
0)
74,713 • 81,945
11,492 ; 6,294
80, 294
9,972
2.314
2. 151
164
2.434
2, 2(13
•231
38,167 I 44,306 j (J)
67, 405
9. 769
2,019
1,804
215
77,561 ! 90,064
10,241 ; 7,864
2,095 |
1,873
222
2.268
2,035
233
234,050 I 257,577
272, 762
269, 929
73, 960
589
709
512
597
j 268,770
332,553
I 117,443
I 319,391
I 76.7
0)
76,084
9,479
69, 709
7,306
2,188
1,945
242
2,249
1,994
255
00 725
729
107, 837
723
575
148
80
18, 384
0)
0)
! (0
76,191 ; 79,469 I 85,824
10,176
7,455 | 9,377
2.698
2,382
317
2.809 i
2,485 |
324 !
69, 952
7,327
2,650
2,392
258
2,281
2,092
189
129,034
1,195
966
229
98
18, 513
140, 638
841
732
109
101
16,166
2,488
2,276
212
T
42.50
72, 072
74, 941
I
Blank forms, new orders
thous. of sets.- j 129,377
Book publication, total
no. of editions.-1
889
New books
do
i
740
New editions
do
149
Operations (productive cap.)
1923=100
Sales books, new orders— ....-thous. of books._. I 19, 711
95,189
953
801
152
82
15. 778
101,805
854
718
136
84
15.031
990
795
195
86
15.581
602
127
81
17 485
104.349 j 107,421
809
890
690
731
119
159
94
86
16.920
16,683
166,970 ! 106,944
781
1, 07
074i i
694
868 !
87
206 i
19,139 i 16.959
149,194
1.011
815
196
103
16.0^7
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total t t - --long tons.. 52, 938
For tires and tubest
do
"40," 898"
Imports, total, including latex
do
.246
Price, smoked sheets (N. Y.)
dol. per lb_.
Shipments, world
long tons.. 101,000
| 448,879
Stocks, world, end of month t
do
125,000
Afloat, total
do.
56, 994
For United States
do.
52, 077
London and Liverpool
do
82, 802
British Malaya
do
189,000
United Statest—
---do
Reclaimed rubber:? f
15,393
Consumption
do
14,458
Production
do
30, 277
Stocks, end of month
do
Scrap rubber:
Consumption by reclaimers (quar.).-.do
TIRES AND TUBES J
Pneumatic casings:
Production
..thousands..
Shipments, total
do
Domestic
do
Stocks, end of month
__do
Inner tubes:
Production
_
__do
Shipments, total
do
Domestic
do
Stocks, end of month
_
do
j
Raw material consumed:
!
Crude rubber. (See Crude rubber.)
;
Fabrics
thous. of lb.-i
MISCELLANEOUS PRODUCTS
!
Sinele and double texture proofed fabrics:
j
Production
thous. of yd..' 5,255
Rubber and canvas footwear:X
\
Production, total
thous. of pairs.,]
Tennis
_
do.
Waterproof
do.
Shipments, total
do.
Tennis
do.
Waterproof
do.
Shipments, domestic, total—
do
j
Tennis
do.
Waterproof
do.
Stocks, total, end of month
do.
Tennis
do.
Waterproof
do
42, 813 52,031 r 50, 612
35, 3,90
26,385
36, 442
45, 830
34, 874
37,050
.159
.159
.156
59. 261
68, 671
67,718
583, 318 • 567,172 • 541, 871
83,000
90,000
89,000
47, 678
58,935
48. 860
147,712 140, 404 130,590
61,045
66. 290
59, 866
284, 561 • 277, 478 •262,415
' 52, 772 48, 250 ' 46, 777
38,168
38,380
35, 823
38, 273
39,843
41, 788
.159
.165
.163
65, 756
82. 355
70, 249
520, 255 519, 074 '500, 520
90,000 106,000
99,000
47, 228
60, 343
63, 597
122, 285 113,386 108, 215
62,426
63. 838
63.138
r
245, 544 235, 850 230, 167
' 8, 967 ' 10, 567 ' 10. 632 ' 11,810
' 10,102 ' 10, 734 r 10, 857 ' 11,256
' 16, 215 ' 12, 391 r 12, 706 r 12, 585
28,994
' 46, 449 r 49, 637 ' 50, 433 I 49, 754
35,093
36, 520
37,215
37,179
50,033
40, 965
51,382
38,414
.164
.165
.200
.180
71,343
80,552
79, 000
77,000
493,585 486,159 • 466, 491 466, 576
96,000 106,000 105,000 103,000
62, 240
56, 567
67,825
73,691
78,462
103, 962
96, 625
88,781
62,114
60, 287
59, 534
60,230
233,336 224, 000 211,480 223,000
12,084 ' 11. 242 ' 11,424 ' 12, 892
11,628 ' 12, 124 r 12, 221 ' 13, 898
12, 522 r 13. 206 ' 13,874 r 14,673
31,033
r
r
r
12, 302 ' 13, 280
13,540 ' 15, 031
15, 643 ' 19,000
33,741
48,744
.30. 282
36, 777
43,339
44 715
.214
213
71,000
' 71 OOC
454,249 r 435. 265
98,000
-94 000
55,096
53 538
71,062
63 76C
78, 276
86 47-S
206,911 ' 191 027
13,366
15,129
31,610
13.485
15,192
32.817
36, 347
3,638
3,856
3,784
9,087
4,854
4,903
4,836
9,034
4,971
5,832
5,752
8,176
5,610
5,792
5,711
7,833
5, 465
5,744
5,678
7,746
5,014
4,
4,911
7,793
4,981
3,836
3,768
9,005
5,125
4,081
4,012
10,089
4,969
4,232
4,162
10,814
3,787
3,796
3,737
8,692
4,824
4,746
4,681
8,788
4,819
4,919
4,853
8,719
5,035
5,504
5,442
8,105
5,177
5,758
5,544
7,725
5,039
5,136
5,093
7,621
5,161
4,231
4,031
8,627
5,397
4,108
4,055
9,977
4,739
3,995
3,948
10,732
5,121
4, 801
4,819 4,391
4.754 [ 4,327
10,985 I 11,100
16, 564
20, 458
21,110
22, 833
21, 744
22, 649
22, 207
3,268
3,869
3,268
3,526
4,650
3,672
3,953
3,884
4, 342
5,905
2,937
2,969
5,041
3,019
2,022
5,011
2,997
2,014
15,804
7,207
8.597
5,876
2,888
2,988
4,970
3,519
1,451
4,928
3,480
1,447
16,699
6, 565
10.134
5,227
2,058
3,170
4, 429
3,333
1,096
4,399
3,309
1,090
17,497
5,289
12. 208
5,659
2,018
3,641
4,334
2,791
1,543
4,290
2,751
1,539
18,822
4,519 I
14.303 I
6,003
6,751
1,150
1,280
4,853
5,471
8,063
7,897
1,481
796
6,582
7,102
8,039
7,844
1,465
751
6,574 | 7,093
14,567 ! 13, 430
3,780
3,286 I
9,651
11,281 I
6,496
1,461
5,035
6,502
588
5,914
6,464
557
5,908
13,425
4,654
8.771
7,599
1,951
5,648
7,409
1,295
6,114
7,373
1,265
6,108
13,615
5,310
8, 305
5,898
2,418
3, 480
6,018
2, 639
3,379
5,954
2, 603
3, 351
13,454
5, 108
8.316
5. 93,5
3, 241
2. 694
4, 520
3, 308
1,212
4.488
3, 291
1,195
14,869
5, 041
9. 82 f«
22, 532 I 21,175 j 20, 974 | 21, 690
3,667 j
4,571
1,244
3,327
5,431
2,034
3,397
5,407
2,018
3,390
17,962
3,729
14. 233
4,145 j
1,377
4,212
6,877
1,443
5,435
6,851
1,420
5,431
16, 626
3, 615
13.010
4,849 i
'5,311
'5,016
'4,926
'11,114
4,980
4,509
4,421
11,377
l
Revised.
Data no longer collected by the Bureau of the Census.
IFor data raised to industry totals, see the 1936 Supplement. Figures shown here are as reported; these were also given in the 1936 Supplement.
t Revised series. Data on total rubber consumption, world and United States stocks of rubber, consumption, production and stocks of reclaimed rubber revised for 193'
and 1936. Revisions>ot shown above will appear in a subsequent issue. Data for newsprint (Canada) revised for 1936. See p. 52 of the April 1937 issue. Revision?
for earlier years on stocks at publishers and in transit to publishers will be shown in a subsequent issue.
tData are raised to industry totals; see the note explaining these series in the 1936 Supplement.
T
r
53
SURVEY OF CURRENT BUSINESS
Mav 1937
onthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the March
1936 Supplement to the Survey
1937
1936
March
April
May
June
July
October Novem- Decem- January
August September
ber
February
STONE, CLAY, AND GLASS PRODUCTS
BRICK
!
Common brick;
Price, wholesale, composite, f. o. b. plant
|
dol. per thous-. | 11.915
Shipments
thous. of brick.. |
Stocks, end of month
do-.
Face brick:*
Shipments
do..
Stocks, end of month
do-.
Vitrified paving brick:
Shipments
_do_.
Stocks, end of month..
do..
11.685
109,641
363,932
11.813
11.691
11.775
11.738 ( 11.777
11.779
154,473 171,418 | 172,892 170,135 172, 748 173,723
322, 719 335, 768 368,638 398, 870 417,660 419,872
36,475
288,835
4,856
79,408
51,642
278,152
7,858
76,073
65,694
269,004
1.667
5,311
23.4
7,186
21,126
5,625
1.667
8, 612
39.2
9,182
20,571
5,328
1.667
11,104
48.9
11, 240
20, 431
5,071
67,340
63,049
264,056 264,335
8,972 11,476
10,920
75, 447 71, 800 68,380
58,946
270,048
8,724
70,683
11.788
189,104
433,730
11.941
11, 889
11. 777 11.818
163, 246 141,080 • 108,169 113,593
450,194 456, 543 444,247 413, 207
36,970 r 30,042
46,991
58,797 60,877
269, 206 269, 685 276, 793 289, 657 299,122
10,800 i 11,614
3,146
5,099
9,738
71,400 ! 68,319
64,034
62, 554 61, 369
29,125
298,498
3,412
58,981
PORTLAND CEMENT
Price, wholesale, composite
-dol. per bbL.
Production
thous. of bbL.
Percent of capacityShipments
thous. of bbL.
Stocks, finished, end of month
do
Stocks, clinker, end of month
do
1.667
8,443
38.6
7,879
25, 623
7,543
1.667
11,377
52.3
12, 521
19, 281
4,912
1.667
11, 503
51.3
11,823
18,975
5,079
1.667
12, 599
56.2
12, 624
18,920
4,931
1.667
12, 347
57.1
12,619
18, 738
4,838
1.667
12,470
56.0
13,089
18,079
4,980
1.667
10,977
50.9
8,942
20,117
5,180
1.667
8,971
40.3
6,246
22, 441
5,564
1.667
1. 667
r 6, 616
5,837
30.4
29.6
5,163
' 4,689
24,304 >•r 25,059
6,160
6,788
CLAY PRODUCTS
Bathroom accessories:
Production.—
Shipments
Stocks, end of month
number of pieces.. 1,077,319
_do
1,092,424
do
397, 351
361, 799 426, 292 482,953 I 555,949 I 722,763 677,152 ; 792, 220 i 938,135973,750 726,183 793, 568
321,106 377,971 461,334 ! 550,875 716,715 650,883 j 747,459 I 908,603 964,479 679, 623 768, 774
425. 365 455,938 458,916 ! 443,222 431,774 428,162 441,989 434,296 427, 509 442, 507 416, 742
652, 25 L
633, 059
415,324
GLASS PRODUCTS
Glass containers:
Production
thous. of gross..
Percent of capacity.
_
Shipments
do
Stocks, end of month.
thous. of gross..
Illuminating glassware:
Orders:
New and contract
..number of turns..
Unfilled, end of month.
do
Production
do
Shipments..
do
Stocks, end of month
do
Plate glass, production..
thous. of sq. ft—
.4.198
71.0
4,461
7,145
3,339
58.4
3,434
8,270
20,743
2,110
1,904
1,866
1,913
3,887
16, 057
3,604 !
63.0 i
3,604
8,224
2,381
2,109
2,039
2,127
3,916
19, 455
3,810 3,898
69.3 68.1
3,996 I 3,999
7,942
7,792
3, 844
67.2
4,179
7,488
2,355
2,274
2,171
2, 250
4,009
16, 244
2,356
2,474
2,138
1,996
4,135
16, 428
2, 193
2 189
% 085
2, 086
3, 954
19, 192
4,403
3,994
4,250
77.0 ;
72.6 72.2
4,346 i 4,345
4,310
7,422 i 7,015
2,594
2,620
2,154
2,374
3,123
18,710 |
2,899 | 3,433
2,783
3,057
2,591
3,106
2,684
3,095
3,056
3,103
19,553 I 20,843
3,880
74.2
3,611
7,006
4,033
71.2
3,675
7,291
4,039
71.3
3,881
7, 393
3, 880
73.8
3, 767
7, 459
3,150
3,102
3,087
2,980
3,236
13,084
2,926
2,953
3,354
3,075
3,421
7,371
3,515
3,518
3,193
2,830
3,739
6,373
2,473
2,894
2,849
2,688
3,935
18,676
819
103
* 3, 645
••248
GYPSUM (QUARTERLY)
Crude:
Imports._.
short tons..
Production
do
Shipments.._
_
_
do
Calcined, production
do
Calcined products, shipments:
Board, plaster, and lath
thous. of sq. ft..
Board, wall
do
Cement, Keene's
_..short tons..
Plasters, neat, wood fiber, sanded gauging
finish, etc
short tons..
For pottery, terra cotta, plate glass, mixing
plants, etc
short tons..
Tile, partition
thous. of sq. ft—
7,735
355, 875
93,338
310,448
169, 477
733,729
227,330
545.758
251,668
863, 234
265, 849
617,487
248,109
723, 319
206, 586
523, 389
57, 818
60, 361
5,768
116,259
96, 097
9,676
147,818 1
83,810 !
9,776 i
134, 962
82, 363
7,948
370,181
421,740 |.
50. 252
3,960
52,692!
4.946
205,353
I
38, 834
2,716
|
340,463
47, 733
4,413
T E R R A COTTA
Orders, new:
Quantity
Value-..
short t o n s . .
thous. of d o l -
1,060
127
1,050 I 1,945
146 i 215
1,390
159
1,706 !
202 I
975
110
1,507 ;
189
1,120
134
120
1,492
128
89,264 | 92,643
309,960 \ 315,242
71,919
333,108
1,372
171
TILE
Hollow building tile:
Shipments
Stocks, end of month
short tons..
do
48,330
318.059
68,536
310,262
78, 774 89,415
312,141 311,830
90,521
306,998
95,106
303,043
62,418 i '51,338 ! 51,811
344.131 ;»• 354, 608 \358, 088
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous. of dozen pairs..
Shipments
do
Stocks, end of month
..do
12,116
12,555
20,229
10,111
10,828
11,156
12,117
' 20.344 ' 19,263
11,566
10, 716
12, 235
10,846
18,801 "18,879
11,280
11, 054
•"19,312
11,364
9,845
20, 830
11,311
11,474
20, 667
COTTON
Consumption
thous. of bales..
779
574
646
627
693
630
664
678
Exports (excluding linters)._
do
182
861
690
538
463
468
594
570
Ginnings (total crop to end of month indicated)
thous. of bales.. 12,130
1,374
11,494
11, 705
6,031 I 9,880
11,957
Imports (excluding linters)
_..do
45
13
9
10
16
23
15
9
Prices:
To producer
dol. per lb_.
.135
.122
.122
.125
.123
.120
. 124
.124
Wholesale, middling (New York)
do
.145
.123
.123
.123
.122
.128
.130
.131
Production (crop estimate)
thous. of bales..
12 407
Receipts into sight
do
716
2,910
3,510
2,236 ' 1, 189
'708
"•642
Stocks, end of month:
Domestic, total
do
7,117
9,431
7,655
10, 211
9,790
8,846
8, 022
Mills.
_
...do
2,080
752
1,403
849
1,792
2,001
2,066
2, 056
Warehouses
do
5,037
4,337
6, 806 8,028
8,418
6. 779
7,788
5, 966
World visible supply, total
do
6,787
4,748
7,679
6,378
8,151
8,002
7,812
7, 457
American cotton
do
4, 348
2,986
5,845
4,578
6,271
6,038
5, 525
4,984
r
Revised.
• * Ne Y s r ries * D ^ ° - D f a c e b ^ i c k s h i P m e n t s and stocks, compiled by the U. S Department of Commerce, Bureau of the Census, supersede those shown in the Surrey
prior +to +the January 1937 issue. Data for period January 1934-October 1935 will appear in a subsequent issue.
54
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, to- 1937
gether with explanatory notes and references
to the source of the data may be found in the
March
1936 Supplement to the Survey
May 1937
1936
March
April
June
May
July
August
1937
Decem- January
October November
ber
ber
February
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES
Cotton cloth:
Exports
thous. of sq. yd..
Imports
do
Prices, wholesale:
Print cloth, 64 x 60
dol. per yd..
Sheeting, brown, 4 x 4
_-do
Cotton cloth finishing:
Production:
Bleached, plain.
__
thous. of yd..
Dyed, colors
do
Dyed, black
_
do
Printed
do
Stocks, end of month:
Bleached and dyed
.do
Printed
_
do
Spindle activity:
Active spindles
..thousands..
Active spindle hrs., total
mills, of hrs_.
Average per spindle in place.
hours..
Operations..
_
...per. of capacity-Cotton yarn:
Prices, wholesale:
22/1, cones (Boston)
dol. per lb_.
40/1, southern spinning
do
20, 339
22, 257
21, 745
12,316
19, 685
9,836
18,840
8,680
16,843
14, 624
18, 527
4,705
24, 412
5,802
14, 387
7,098
15,359
8,034
12, 843
9,648
.079
.089
.055
.070
.053
.067
.051
.065
.054
.066
.059
.072
.059
.075
.060
.075
.068
.077
.077
121,981
97,171
4, 405
89.279
107, 893 104, 837
101, 739 103, 305
4,140
4,087
95, 274 91, 074
105, 062
98,345
4,364
89,518
104,630 101, 904 104, 667 107, 706 121,419 105,188 123,125
90, 398 91, 620 100,061 100, 042 105, 698 88, 383 101, 301
5,831
5, 670
6,357
6,420
4, 767
7,690
4,675
S3, 760 91,839
90, 338 91, 273 91,157 86, 514 88,890
115,127 • 109, 939
98, 409
'88,127
5, 117 | r 4, 322
93,082 j r 82, 762
187,958
77, 480
183,292 187,333
99, 684 93,275
191, 956
103, 419
188,124 135, 548 154, 264 171, 340 166,771 172, 559 183,108
80, 329 79,152
83,691
105, 782 94,557 88, 815
23,
638
23,
514
23,
252
23, 434
23, 806 24.090
23, 021
8,328
8,088
8, 679
7, 855
7,573
7, 997
7, 320
289
298
313
259
279
270
288
123.3
134.5
125.8
119.8
115.8
129.9
111.0
179,435
79,109
180, 796
78, 715
24, 365
8,587
315
137.7
24, 536
8,353
308
144. 8
24, 639
9, 698
359
148.3
.364
. 482
R A Y O N A N D SILK
Rayon:
Deliveries, index:
Unadjusted
_
1923-25=100__
Adjusted
do
3-mo. moving average
do
Imports
thous. of lb__
Price, wholesale, 150 denier, " A " grade
(N. Y.)
dol. per lb_.
Stocks, producers, end of mo.
no. of m o n t h s ' s u p p l y . .
Silk:
Deliveries (consumption)
bales..
Imports, raw
thous. of lb._
Price, wholesale, raw, Japanese, 13-15 (N. Y.)
2.012
dol. per lb_.
Stocks, end of m o n t h :
146,
331
Total visible s u p p l y t
bales..
41,731
United States (warehouses)
do
23,182
7, 254
251
107. 9
13, 750
15,123
.086
14, 502
15, 591
15,892
19, 278
.081
.086
.076
.086
23,119
7,313
255
110.7
22, 833
6,896
242
105.2
.278
.435
.274
.426
.271
.426
.271
.413
.295
.426
.301
.430
.303
.444
.304
.448
.311
.452
.341
.483
422
399
423
346
433
416
420
551
428
446
495
683
623
626
614
808
672
633
586
594
537
387
483
504
475
494
562
662
607
537 i
548
564
549
482
505
1,242
2,441
2,072
1,113
538
611
583
1,513
1,540
1,494 |
2, 095
.57
.57
.57
.58
.60
.60
.60
.60
.60
.60 |
1.1
1.1
1.2
1.0
34, 564
4,647
32, 087
4,066
31,437
4,143
0.4
42, 016
6,315
0.1
36,000
3,480
0.7
36,658
4,753
0.1 '
44,198
7,413
1.733
1.682
1.600
1.597
1.714
1.791
167, 689 161, 498 150, 266 135, 609 145, 439 156,125
53,689
29,825
46, 098 40, 066 35, 409 30,139
0.3
45, 709
6, 900
0.3
43,093
6,953
1,756
0.2
40, 401
7,214
1.935
41,627
7,275
1.968
155, 253 157, 500 165, 713 180,114
29, 553 30, 300 40, 713 44,414
.347
.513
.344
.482
.60
0. 1
38, 484
6,472
2.051
1.993
160, 944
50, 544
152, 808
49, 408
28,814
12, 802
46,890
25, 722
12,814
46, 292
WOOL
Consumption of scoured wool: ^
26, 328
Apparel class
thous. of lb_
12,511
Carpet class
do—
48,528
Imports, unmanufactured
do___
Operations, machinery activity:
Combs
124
percent of active hours to total reportedLooms:
74
Carpet and rug
do
58
Narrow
do—
97
Broad
do___
Spinning spindles:
104
Woolen
do...
87
Worsted
do___
Prices, wholesale:
1.05
Raw, territory, fine, scoured
dol. per lb_
.45
Raw, Ohio and Penn., fleeces
do___
Suiting, unfinished worsted, 13 oz. (at
2.030
factory)
dol. per yd_
Women's dress goods, French serge, 54" (at
1.188
mill)
dol. per yd.
Worsted yarn, 32's, crossbred stock (Boston)
1.46
dol. per lb_
34, 730
Receipts at Boston, total
thous. of lb_
7,745
Domestic
do—
26,985
Foreign
do—
Stocks, scoured basis, end of quarter, total
thous. of lb_. 120, 200
46, 065
Woolen, total
do
31, 536
Domestic.
do
14, 529
Foreign
do—
74,135
Worsted, total
do
26,
933
Domestic
do
47, 202
Foreign
do
20, 209
7,424
25, 298
.93
.42
20.554
8,792
23,883
.37
23,030
8,539
17, 546
21, 477
9,207
19, 639
25,861
11,880
23, 550
23,927
9,937
25, 548
27, 851
11,355
29,037
93
106
95
97
109
123
34
76
48
36
74
56
43
73
66
46
72
64
42
82
67
52
94
64
56
97
72
59
100
87
57
87
57
90
74
96
83
110
92
105
111
65
.87
.37
.90
.90
.39
.43
1.06
.49
1.11
.38
1.07
.50
17, 297
6,945
17, 207
20,075
7,191
17, 541
72
.38
1.742
1.782
1.782
1.114
1.114
1.114
1.33
22, 258
4,845
17,413
1.30
20, 495
6,071
14, 424
1.28
25, 599
21, 761
3,838
1.782
105, 096
44, 667
32, 003
12, 664
60, 429
28, 470
31,959
1.114
1.30
54,421
50, 424
3,997
24,785
9,058
16, 079
.39
.38
1.745
1.634
1.634
1.652
1.782
1.955
1.114
1.114
1.074
1.064
1.101
1.139
1.29
66,708
64, 300
2,408
1.28
21, 694
20,101
1,592
1.26
16,156
13,153
3,004
1.25
15,478
12,060
3,418
1.34
20, 280
15,515
4,766
1.47
18,911
6,139
12, 772
r
126, 846
44, 574
35, 350
9,224
82, 272
65,161
17, 111
147, 057
48, 747
38, 024
10, 723
98, 310
72, 874
25,436
123
.52
1.955
3.151
1.49
28,602
5, 126
23,476
2.005
1.188
1.50
38.618
2,407
36,212
129,204
45,763
• 35,223
• 10, 540
• 83,441
• 44, 484
• 38,957
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacityStocks, end of month..
thous. of gross.
Fur, sales by dealers
thous. of dol.
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of mo.thous. linear yd.
Pyroxylin spread
thous. of 1b.
Shipments, billed
thous. linear yd.
64.1
6,465
v 4, 772
53.4
7,989
4,045
51.9
8,003
4,053
51.2
8,046
3,857
50.5
8,061
3,133
42.6
7,690
3,433
55.2
7,660
3,575
56.0
7,550
2,808
61.0
7,461
2,297
62.2
7,395
2,850
66.3
7,349
3,941
58.4
6,725
64.7
6,612
•• 4,444
5,107
7,803
7,412
2,475
5,121
4,689
2,459
5,647
5,118
2,273
5,423
5,013
2,000
4,930
4,608
2,460
4,686
4,501
2,612
5,375
4,972
2,668
6,087
5,232
2,410
6,081
5,408
2,684
5,321
5,094
3,633
5,648
5,495
4,110
5,965
5,618
4,731
6,498
5,806
r
^Preliminary.
Revised.
t Revised series. For data for period July 1930-December 1936 see table 11, p. 20 of the February 1937 issue.
i Data forApril, July, and October 1936, and January 1937 are for 5 weeks; other months, 4 weeks.
55
SURVEY OF CURRENT BUSINESS
May 1937
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in
the 1936 Supplement to the Survey
1937
1936
March
March
April
June
May
July
1937
August
Septem- October Novem- Decem- January
ber
ber
ber
February
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total |
Commercial (licensed) fMilitary (deliveries) f
For export f
-
209
99
numberdo__.
do...
do
394
240
73
81
263
136
59
32
308
201
72
35
233
106
366
260
45
61
212
124
20
247
120
96
31
207
99
76
32
267
107
95
65
AUTOMOBILES
Exports:
Canada:
Assembled, total
numberPassenger cars
do__.
United States:
Assembled, total
do...
Passenger cars
do...
Trucks
do__.
Financing:
Retail purchasers, total
thous. of doL
New cars
do-._
Used cars
do
Unclassified
do_..
Wholesale (mfrs. to dealers)
do
Fire-extinguishing equipment, shipments:
Motor-vehicle apparatus
number .
Hand-type
do_._
Production:
Automobiles:
Canada, total
do-..
Passenger cars
do__.
United States, total
do...
Passenger cars
do...
Trucks
do_..
Automobile rims
thous. of rims.
Registrations:
New passenger cars
number.
New commercial cars
do.._
Sales (General Motors Corporation):
To consumers in U. S
do
To dealers, total
do.__
To U. S. dealers
do~_
Accessories and parts:
Shipments, combined index..Jan. 1925= 100.
Aecessories for original equip
do
Accessories to wholesalers
do
Replacement parts
do.__
Service equipment
_
do...
7,078
5,040
7,603
1,607
3,726
3,108
5,222
3,945
4,424
3,438
4,545
3,367
3,414
2,335
3,514
2,153
2,886
1,822
5,132
4,715
3,904
2,772
5, 250
3,330
4,424
2,339
33, 762
22, 633
11,129
28, 920
18, 921
9,999
26,053
17, 723
8,330
28, 575
17, 727
10,848
24, 042
14, 987
9,055
22, 525
12, 714
9,811
15, 728
8,323
7,405
10, 939
4,564
6,375
16, 720
9,894
27, 428
20, 032
7,396
35, 289
24, 788
10, 501
32, 691
20,099
12, 592
27, 528
17,014
10,514
163,891
102, 499
60,665
727
193, 721
143, 515
94, 664
48,044
807
154,147
172,982 176, 316 186, 550 168,685 140, 436
116, 297 116, 569 125,916 112, 795 91, 206
59,606
58,695
54,980
48, 368
55,705
1,028
1,051
910
980
861
189,481 180, 665 174,277 162, 404 127,032
122,158
76, 563
44, 768
828
55,341
100, 696
58, 486
41, 580
630
72,086
107,837 141, 036
70, 572 94, 075
36, 598 46, 055
906
667
129,829 180, 422
102, 021
61,437
40,045
539
154,260
98, 437
55,421
42, 528
488
123,118
85
41,869
52
30,639
56
35,110
59
31,105
71
35, 106
50
39,001
58
39,654
4,655
5,361
10, 812 20, 411
2,481
4,592
10, 086 16, 542
135,130 224, 628 394,890 498, 721
90, 597 190,688 341, 456 426, 019
44, 533 33, 940 53,434
72, 702
1,104
1,942
2,173
1,847
19, 583
15,009
379,843
309,594
70,249
2, 124
19, 707
14,415
r 363,833
r
296, 583
r 67, 250
2,022
53
32,430
32, 496
38, 560
36, 573
24, 701 18, 021 24,951
20, 006 16, 400 10, 475
4,660
14,488
19,313
8, 192
20, 247 16, 389 13,126
3,051
494, 014 420, 971 502, 775 460, 565 452, 955 440, 999 271, 291
403, 773 343,523 417,133 385, 507 375, 894 372, 402 209, 754
90, 241 77, 448 85, 642 75, 058 77, 061 68, 597 61, 537
1,841
1,876
935
2,258
1,716
2,959
64
34,3
31, 440
*58, 000
301, 239 397,190
52,430
64, 957
392, 750 369, 423 357, 490 262, 912
62,183
63, 695 59, 222
56,851
54,611
171,319 223, 560 327. 303
41, 207 30, 222 42) 205
280,615
47, 609
r 214,973
'41,815
196,095
260, 965
216,606
181, 782 200,117 194, 628 189, 756 163, 459 133, 804
196, 721 229, 467 222, 603 217,931 204, 693 121, 943
162,418 194, 695 187,119 186,146 177, 436 99, 775
85, 201
19, 288
4, 669
44, 274 155, 552 173, 472
90, 764 191, 720 239, 114
69, 334 156, 041 197, 065
92, 99S
103,668
70, 901
51, 600
74, 567
49, 674
164
198
83
113
91
154
178
93
116
99
152
J66
124
131
106
169,671 172, 620 172, 460 172,341 172,156 172,033 171, 934 171, 700 171,710 171, 586 170, 410
1, 733
1,780
1,772
1,769
1,778
1,776
1,767
1,759
1,763
1,762
1,745
187,227 249, 296 253,125 260, 013 254, 447 258,198 256, 903 241. 573 226, 095 217, 243 205.146
11.0
14.2
14.6
14.9
14.7
14.5
14.8
12.5
13.0
13.9
11.9
44,708
25, 311 24, 373 20, 530 18, 434 13, 291 16, 579 23, 421
13, 478 15, 683 22,964
34, 314
5,471
14, 646 15,907
15, 092 12, 924 11, 787
10, 974 17, 755
7,035
7,251
10, 394
9,404
8,007
9,281
7,606
8,318
5,605
5,666
8,648
6,647
6,040
170,109
1,741
205,500
11.9
33, 608
27,414
6,194
r 169,887
1,738
201,960
11.7
39, 729
31,214
8,515
2,166
43, 981
7,228
16.5
95
119
362
339
23
2,164
r 43,875
7,142
16.3
30
132
375
352
23
387
384
30
354
16
3
13
416
412
31
381
9
0
9
366,867
157
174
96
134
139
149
160
120
109
97
162
181
130
125
104
150
163
110
130
113
157
166
112
151
115
136
145
88
148
109
110
108
75
147
106
114
108
98
153
105
138
144
99
158
109
150
167
96
139
103
RAILWAY EQUIPMENT
(Association of American Railroads)
Freight cars owned & on order, end of mo.:
Owned:
Capacity
.mills, of lb.
Number
thousands.
In bad order
numberPercent in bad order
Orders, unfilled
cars.
Equipment manufacturers
do
In railroad shops.-.
do...
Locomotives owned and on order, end of mo.:
Owned:
Tractive effort
mills, of l b .
Number
,
Awaiting classified repairs
numberPercent of total
Installed
numberRetired
__.do._Orders, unfilled
do._Equipment manufacturers
do...
In railroad shops
do-._
Passenger cars:
Owned by railroads
_ do...
Unfilled orders
do
2,161
43, 788
7,083
16.2
39
126
359
334
25
2,194
45, 009
9,642
21.4
53
132
52
40
12
2,193
44,966
9,610
21.4
60
103
52
40
12
2,189
44, 835
9,389
21.0
65
196
58
49
40,199
65
2,186
44, 743
9,119
20.4
91
184
67
59
2,185
44,682
8,906
19.9
60
124
65
57
2,182
44, 564
8,736
19.6
53
171
43
35
39,912
139
2,179
44,451
8,369
18.8
106
215
50
44
2,176
44, 314
7,929
17.9
57
223
67
64
3
2,173
44, 208
7,782
17.6
58
157
111
102
2,167
44, 035
7,350
16.7
57
250
297
279
18
39, 602
177
39, 705
183
(U. 8. Bureau of the Census)
Locomotives:
Orders, unfilled, end of mo., total
Domestic
Electric
_
Steam..
Shipments, domestic, total
Electric.
Steam
Industrial electric (quarterly):
Shipments, total—
Mining use.
do.
do.
do_.
do..
dodo.
do.
417
415
33
382
28
5
23
do.
do..
92
80
101
95
33
62
4
3
1
106
100
33
67
5
0
5
114
111
35
76
11
2
9
115
112
37
75
12
3
9
106
101
35
66
18
2
16
104
103
113
102
39
63
13
2
11
125
117
36
81
7
4
3
330
321
34
287
9
3
368
364
31
333
21
3
18
109
104
79
79
(American Railway Car Institute)
Shipments:
Freight cars, total
Domestic
Passenger cars, total. _
Domestic
do.
do.
do.
do.
5, 541
5,520
3
3
189
186
4
4
2,168
2,066
5
5
2,514
2,299
5
5
2,172
2,056
12
12
1,930
1,924
0
0
3,854
3,804
2
2
4,964
4,963
1
1
5,205
5,205
40
40
3,799
3,799
16
16
3,513
3,483
12
12
2,846
2,766
2
2
2, 644
2, 615
(Railway Age)
New orders:
Freight cars
Locomotives
Passengercars__
do.
do.
do.
6,200
29
162
627
13
0
3,650
15
50
9,677
10
0
4,320
24
20
4,469
9
34
3,225
3
0
3,100
24
0
1,310
22
5
1,550
174
50
17, 230
88
34
10,881
46
70
10, 532
33
154
Preliminary.
' Revised.
t Revised series. For 1936 revisions see p. 55 of the M a r c h 1937 issue.
90
28
56
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the source of the data may be found in the
1936 Supplement to the Survey
1936
1937
March
Mav 1937
March
April
Decem- January
October NovemAugust September
ber
ber
June 1 July
May
1937
February
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT—Continued
( U. S. Bureau of Foreign and Domestic Commerce)
Exports of locomotives, total
.number..
Electric
do
Steam
_
do
3
0
3
8
0
6
8
0
8
91
86
88
84
4
113
110
3
125
115
10
112
101
11
124
113
11
111
103
129
122
152
146
8
154
213
94 I 132
60 |
81
5,161 ! 3,911
221
169
52
210
159
51
23,282
201
151
50
24,007
223
153
70
12, 298
248
180
68
24, 048
237
163
73
21, 600
INDUSTRIAL ELECTRIC TRUCKS
AND TRACTORS
Shipments, total
Domestic
Exports
_
.number..
do
--do
112
99
13
141
135
SHIPBUILDING
United States:
Vessels under construction, all types
thous. gross tons-.
Steam and motor
. . . _.do.
Unrigged
do.
Vessels launched, all types.
-gross tons..
Powered:
Steam
do.
Motor
do.
Unrigged
do.
Steel
do.
Vessels officially numbered, all types
gross tons..
Steel
do...
World (quarterly):
Launched:
Number
.ships
Tonnage
thous. gross tons.
Under construction:
Number
_
ships.
Tonnage
thous. gross tons.
7, 001
137
78
59
10, 543
26,929
154
91
63
25, 507
0
0
7,001
6, 891
0
1,699
8,844
10, 543
7,300
905
18, 724
26,929
8.850
576
16, 081
25,161
0
125
5,036
5,036
0
475
3,436
3,436
0
1,441
8, 558
9,758
9,300
0
13,982
23, 282
7,451
810
15,746
24,007
9,874
250
2,174
12, 098
16,614
297
7,137
24,048
17, 571
0
4,029
21, 600
20,898
13, 386
21, 321
8,024
24, 442
15,442
22, 040
12,885
15,949
11, 407
14,118
3,992
5,953
2,857
44,091
33,423
31.871
22,607
44, 737
14,879
36, 591
20,791
323
148
394
230
467
258
516
537
1,820
1,951
581
2,111
253
684
618
2,251
CANADIAN STATISTICS
Physical volume of business: f
Combined index
1926=100..
Industrial production:
Combined index
do
Construction
do
Electric power
.do
Manufacturing
do
Forestry
do
Mining
do
Distribution:
Combined index
do
Carloading..do
Exports (volume)..
do
Imports (volume)
..do
Trade employment
do.
Agricultural marketings:
Combined index
do.
Grain
do_
Livestock
do
Commodity prices:
Cost of living
do.
Wholesale prices
do.
Employment (first of month):
Combined index
do
Construction and maintenance
do
Manufacturing
do_
Mining
do
Service
do
Trade
do
Transportation
do
Finance:
Banking.:
Bank debits
mills, of dol..
Interest rates
1926=100-Commercial failures
number..
Life insurance, new paid for ordinary
thous. of doL.
Security issues and prices:
New bond issues, total
do
Bond yields
percent.Common stock prices
1926=100..
Foreign trade:
Exports, total
thous. of doLImports
do
Exports:
Wheat
thous. of b u . .
Wheat
flour
thous. of bbLRailways:
Carloading
thous. of cars..
Financial results:
Operating revenues
thous. of dol._
Operating expenses—
do
Operating income
do
1
Operating results .
Freight carried 1 mile
mills, of tons..
Passengers carried 1 mile
mills, of pass..
Production:
Electrical energy, central stations:
mills, of kw.-hr..
Pig iron
thous. of long tons
Steel ingots and castings
do
Wheat
flour
thous. of bbl
118.7
104.0
111.0
107.6
111.1
110.8
113.5
120.0
121.5
118.0
118.4
116.9
122.4
83.0
237.7
115.4
138. 0
161.1
105.2
52.4
210.4
102.2
116.0
142.9
113.1
39.3
223.0
110.7
125.6
174.1
108.5
39.5
210.3
106.4
116.3
165.5
113.0
48.2
215.8
111.3
124.1
160.6
112.0
43.7
215.8
109.5
124.2
169.0
115.8
37.9
212.4
114.8
121.9
180.8
123.9
44.5
211.0
126.5
128.2
171.7
125.5
44.0
225.7
129.0
132.4
163.0
121.7
42.7
215.6
125.5
133.0
157.2
121.1
40.8
219.3
123.1
150.4
168.5
119.4
37.7
223.5
122.8
149. 9
156.8
107.9
80.6
89.0
85.0
131.3
100.5
72.2
87.8
74.5
124.2
104.8
74.6
109.8
87.6
125.1
104.9
71.8
106.5
82.9
128.5
105.6
73.6
104.3
88.7
127.8
107.3
79.3
107.9
85.7
128.0
106.9
79.5
117.5
79.0
127.2
108.5
81.6
108.7
85.3
129.1
109.9
78.0
115.8
96.6
130.2
107.4
74.4
106.1
95.7
129.0
110.6
85.0
107.6
93.5
129.5
109.8
79.4
107.4
93.3
131.2
37.3
24.5
94.7
77.1
73.5
93.0
81.1
77.9
95.0
149.5
163.5
86.7
45.1
32.4
101.8
77.5
74.8
89.2
117.6
124.5
86.9
116.6
120.1
100.9
90.3
89.9
92.2
72.7
67.9
94.0
51.0
40.1
99.6
82.0
85.5
80.4
72.4
79.6
72.2
80.0
71.8
80.0
72.3
80.4
74.4
81.0
76.2
81.1
77.1
81.4
77.2
102.8
52.8
107.6
145.8
118.9
126. 1
79.6
98.9
78.2
99.5
129. 1
117.5
123. 1
78.9
97.4
71.8
101.1
128.2
118.5
121.0
78.5
99.5
79.4
102. 7
127.4
120.4
123.3
82.8
102.0
87.0
103.4
132.1
123.0
127.1
85.4
104.6
97.4
104.7
134.1
131.7
127.3
87.1
105.6
102.9
104.9
137.9
135.8
126.3
88.7
81.1
76.4
107.1
109.0
105.9
140.2
137.5
126.3
89.4
110.1
103.9
109.0
147.9
127.4
129.6
88.3
111.0
99.6
107.7
151.8
124.9
132. 0
87.1
110.1
80.1
107.0
150.3
122. 4
136.0
86.5
3,190
2,599
77.3
103
2,774
78.5
100
2,979
76.6
91
3,136
73.3
100
2,894
72.0
104
2,619
71.2
87
3,134
69.9
88
3,328
72.2
94
3,303
71.8
94
3,405
31, 664
30,147
28, 977
32, 277
32, 573
25, 011
26, 966
30, 092
37,813
36, 904
81, 355 123, 332 103,186
3.76
3.70
3.76
117.4
115. 9
47, 826 190,179
3.67
3.51
112.8
113.8
70,692
3.45
114.3
26, 791
3.41
114.7
177.870
3.35
119.5
124,665
3.46
126.9
51,018
3.44
131.8
94, 279
3.34
129.2
89, 359
70, 974
74, 582
52, 681
57,964
42, 217
84, 515
59,121
79,942
57, 598
84, 968
53. 821
93, 530
50, 258
89, 582
52,983
113,003
65,159
122, 866
66,169
99, 407
52,996
13,146
6,752
281
193
27, 317
449
25, 764
430
25,913
445
21,157
388
20, 720
378
26, 917
464
33, 309
409
20, 428
475
190
201
203
222
251
263
220
206
26,050
22, 320
2,586
27,022
23, 789
1,953
26,049
24,049
832
27, 301
25, 335
28, 637
26,026
1,615
33,103
25, 574
6,609
33,840
24,700
8,255
29, 034
22,160
5,884
30,108
22, 579
6,385
2,081
125
128
1,775
148
1,941
195
2,364
183
3,055
165
2,721
127
2,376
107
2,161
169
2,165
54
107
1,009
2,083
59
95
2,029
56
82
1,149
2,021
35
69
1,301
2,020
39
80
1,363
2,042
52
86
1,516
2,381
70
98
1,701
2,262
74
99
1,459
2, 325
477
192
25, 535
22,465
1,914
2,056
126
2,412
"I," 099
2,136
54
101
1,172
t Revised series; for 1936 revisions see p. 56 of the March 1937 issue.
p
104
1,090
103.8
61. 2
102.4
145. 6
124. 8
136. 9
81.4
2. 319
66
115
1,009
Revised.
U.
S.
GOVERNMENT
?R;NT;N'3
O F F ! C E : I 9 3 7
INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth ,
52
Acceptances
31,32
Accessories—automobile
55
Advertising
25, 26
Africa, United States trade with
37
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
31,32
Air-conditioning equipment
49
Air lnail
26
Airplanes
38,55
Alcohol, denatured, ethyl, methanol
39
Aluminum
50
Animal fats, greases
39
Anthracite industry
22, 29,45
Apparel, wearing
23,28,30,53
Argentina, United States trade with; exchange; flaxseed stock
33,37,40
Asia, United States trade with
37
Asphalt
45
Automobiles
22,26,28,30,55
Babbitt metal
50
Barley
42
Bathroom accessories
53
Beef and veal
__
43
Beverages, fermented malt liquors and distilled spirits
41
Bituminous coal
22, 29,45
Boilers and boiler fittings
49
Bonds, prices, sales, value, yields
35,36
Book, publication
52
Boxes, paper, shipping
52
Brass
51
Brazil, coffee; exchange; United States trade
with
33,37,44
Brick
53
Brokers' loans
32
Bronze
51
Building contracts awarded
24
Building costs
25
Building materials
24,47
Business activity index (Annalist)
22
Business failures
32,33
Butter
41
Canadian statistics
56
Candy
44
Canal traffic
38
Capital issues
35
Carloadings
22,38
Cattle and calves
43
Cellulose plastic products
40
Cement
22,28,30,53
Chain-store sales
26, 27
Cheese
41
Chile, excharfge, United States trade with__ 33,37
Cigars and cigarettes
44
Civil-service employees
29
Clay products
28,30,53
Clothing
23,24,28,30,53
Coal
22, 29,45
Cocoa
44
Coffee
23,24,44
Coke
45
Collections, department stores
27
Commercial paper
31,32
Communications
38
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
31
Copper
50
Copra and coconut oil
40
Corn
42
Cost-of-living index
23
Cotton, raw and manufactures
23, 24, 53, 54
Cottonseed, cake and meal, oil
40
Crops
23,40,42,43,53
Dairy products
23, 24, 41, 42
Debits, bank
32
Debt, United States Government
34
Delaware, employment, payrolls
29,30
Department-store sales and stocks
27
Deposits, bank
32
Disputes, labor
29
Dividend payments
36
Douglas fir
47
Earnings, factory
30,31
Eggs
23,44
Electrical equipment
50
Electric power, production, sales, revenues._ 22, 41
Electric railways
37
Employment:
Cities and States
29
Factory
27, 28, 29
Nonmanufacturing
29
Miscellaneous
29
Emigration
38
Enameled ware
48
Engineering construction
25
England, exchange; United States trade
with__
33,37
Exchange rates, foreign
33
Expenditures, United States Government
34
Explosives
_
39
Exports
37
Factory employment, pay rolls
27,28,29,30,31
Failures, commercial
32,33
Fairchild's retail price index.__
23
Page
Fares, street railways
37
Farm employees
29
Farm prices, index
23
Federal Government,
finances
34
Federal-aid highways
25,29
Federal Reserve banks, condition of
32
Federal Reserve reporting member bank
statistics
32
Fertilizers
39
Fire-extinguishing equipment
55
Fire losses
25
Fish oils and fish
39,44
Flaxseed
40
Flooring, oak, maple, beech, and birch
47
Flour, wheat
43
Food products
22-24,28,30,41
Footwear
46, 52
Foreclosures, real estate
25
Foreign trade, indexes, values
37
Foundry equipment
49
France, exchange; United States trade with_ 33,37
Freight cars (equipment)
55
Freight carloadings, cars, indexes
38
Freight-car surplus
38
Fruits
23,42
Fuel equipment
49
Fuels
i
45,46
Furniture
47
Gas, customers, sales, revenues
41
Gas and fuel oils
45
Gasoline
45
Gelatin, edible
44
General Motors sales_
55
Glass and glassware
22,28,30,53
Gloves and mittens
46
Gold
33
Goods in warehouses
26
Grains
23,24,42,43Gypsum
53
Hides and skins
24,46
Hogs
43
Home loan banks, loans outstanding
25
Home Owners' Loan Corporation
25
Hosiery
53
Hotels
___29,31,38
Housing
23
Illinois, employees, factory earnings
29,30,31
I mports
37
Income-tax receipts
34
Incorporations, business
26
Industrial production, indexes
„
22
Installment sales, New England
27
Insurance, life
33
Interest payments
,_
36
Interest rates
32
Investments, Federal Reserve reporting
member banks
32
Iron, ore; crude; manufactures
22,48
Italy, exchange; United States trade with.. 33,37
Japan, exchange; United States trade with__ 33,37
Kerosene
46
Labor turn-over, disputes
29
Lamb and mutton
43
Lard
43
Lead
22,50
Leather
22,24,28,30,46
Leather, artificial
54
Liberty bonds
35
Linseed oil, cake, and meal
40
Livestock
23,24,43
Loans, agricultural, brokers', time, real
estate
31,32
Locomotives
55
Looms, woolen, activity
54
Lubricants
46
Lumber
22,24,27,28,47
Lumber yard, sales, stocks
47
Machine activity, cotton, silk, wool
54
Machine tools, orders
49
Machinery
27,28,30,49,50
Magazine advertising
25, 26
Manufacturing indexes
22
Marketings, agricultural
23
Maryland, employment, pay rolls
29, 30
Massachusetts, employment, pay rolls
29, 30
Meats
43
Metals
22-24,27-30
Methanol
39
Mexico:
Silver production
34
United States trade with
37
Milk
42
Minerals
22,45,50
Money in circulation
33
Naval stores
39
Netherlands, exchange
33
New Jersey, employment, pay rolls
29,30
Newsprint
52
New York, employment, pay rolls, canal
traffic
29,30,38
New York Stock Exchange
35,36
Notes in circulation
32
Oats
42
Oceania, United States trade with
37
Ohio, employment
29
Ohio River traffic
38
Oib and fats_
39
Oleomargarine
40
Paints
41
Paper and pulp
Page
23,24,28,30,51,52
Passenger-car sales index
26
A
Passengers, street railways; Pullman
37/38
Passports issued
38
Pay rolls:
Factory
„
30
Factory, by cities and States
30
Nonmanufacturing industries
.
30,31
Pennsylvania, employment, pay rolls ,«._._..
30
Petroleum and products
22,24,28,29,30,45,46
Pig iron
__.._ 22,48
Pork
_
43
Postal business
:
26
Postal savings
32
Poultry
.
23,24,44
Prices:
Cost of living, indexes
23
Farm indexes
23
Retail indexes
23
Wholesale indexes
23, 24
World, foodstuffs and raw materiel
24
Printing
28,30,52
Production, industrial.
22
Profits, corporation
34
Public finance
34
Public utilities
24,29,30,36
Pullman Co
_
38
Pumps
49
Purchasing power of the dollar
24
Radiators
48
Radio, advertising
;
26
Railways; operations, equipment, financial
statistics
____':.
38,55,56
Railways, street
37
Ranges, electric
50
Rayon
54
Reconstruction Finance Corporation, loans
outstanding
j
34
Refrigerators, electric, household ^,_
,
50
:
Registrations, automobiles
A__!
.55
Rents (housing), index
23
;
Retail trade:
Automobiles, new, passenger__'
.
26
Chain stores:
5-and-10 (variety)
-26
Grocery
26
Department stores
.
27
Mail order
,.«.2/
Rural general merchandise
»
27
Roofing
40
Rice
^
42
Rubber, crude; scrap; clothing; footwear;
tires
22,24,28,30,52
Rye
_..-,..43
Sanitary ware
48
Savings deposits
„_
32
Sheep and lambs
43
mmim
Shipbuilding
22,28,30,56
Shoes. __
22,24,28,30,46
Silk
22,23,24,54
Silver
22,34
Skins
_
46
Softwoods
47
Spain, exchange
33
Spindle activity, cotton
54
Steel, crude; manufactures
•_. 22,48,49
Stockholders
36
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks (see individual commodities).
Stocks, issues, prices, sales
..
36
Stone, clay, and glass products
_ . 22, 28,30,53
Sugar
_
23,24,44
Sulphur
__
39
Sulphuric acid
39
Superphosphate
39
Tea
23,24,44
Telephones and telegraphs
38
Terneplate
_:
50
Terra cotta
_
53
Textiles, miscellaneous products
54
Tile, hollow building
53
Timber
47
Tin and terneplate
23,24.50
Tires
22,24,28,30,52
Tobacco
22,26,28,30,44
Tools, machine
49
Trade unions, employment
.
29
Travel
•__
38
Trucks and tractors, industrial electric
.
56
United Kingdom, exchange; United States
trade with
_„_ 33,37
Uruguay, exchange
33
United States Steel Corporation
31,36,49
Utilities
29,30,34,35,36,41,55
Vacuum cleaners
,„
50
Variety-store sales index
,_
26
Vegetable oils
__ 39,40
Vegetables
. .
23,42
Wages
.31
Warehouses, space occupied
26
Waterway traffic
,
38
Wheat and wheat flour
23,24,43
Wholesale prices
„. 23,24
Wire cloth
51
Wisconsin, employment, pay rolls.—.
29,30,31
Wood pulp
___
51
m
Wool
22,54
Zinc
__.
„_ 22,50
THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE
OF THE
UNITED STATES DEPARTMENT OF COMMERCE
IS COOPERATING WITH THE
U. S. CHAMBER OF COMMERCE
IN CELEBRATING
NATIONAL FOREIGN TRADE WEEK
25
CANADA
^£fa
UNITED KINGDOMSTV
UNITED KINGDOM
7.* 9 .
CANADA
/^.27o
~
fx
w
JAPAN
6.9 °?
A / BRIT. MALAYA
FRANCE
CUBA
GERMANY
BRAZIL
4.9 J
INDIA
MAY 16 22
1937
3.270
ARGENTINA
3.1 jo
CUBA
2.670
BELGIUM
2.67b
AUSTRALIA
2.570
FOR 2 5 YEARS
THE BUREAU OF FOREIGN AND DOMESTIC COMMERCE HAS
SERVED AMERICAN BUSINESS IN PROMOTING
DOMESTIC AND FOREIGN TRADE
@FedFRASER