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NOVEMBER 1935

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE




WASHINGTON
V O L U M E 15

NUMBER 11




NATIONAL INCOME PRODUCED,1S23-1934

Estimates of the national income produced and
business savings and losses have been completed for the years 1929 to 1934, inclusive.
These estimates supplement the data on national income paid out which was presented in
the August issue. See the article on page 16,

UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
CLAUDIUS T. MURCHISON, Director

SURVEY OF
CURRENT BUSINESS
Prepared in the
DIVISION OF ECONOMIC RESEARCH
ROY G. BLAKEY, Chief
M. JOSEPH MEEHAN, Editor

Number 11

NOVEMBER 1935

Volume 15

CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1931-35
Commodity prices
Domestic trade
Employment
Finance.
Foreign trade
Real estate and construction
Transportation

Page
2
3
4
5
6
7
8
9
10
11

Survey of individual industries:

Automobiles and rubber
Forest products
Iron and steel
Textile industries
SPECIAL ARTICLE
The National Income Produced, 1929-34

12
13
14
15

16

STATISTICAL DATA
Revised series and new data:
Revised series: Paint, varnish, and lacquer products, total sales,
1928-35, unclassified sales 1932-35; carlot shipments of fruits
and vegetables, 1934; cottonseed and cottonseed products,
1934; fats and oils, 1934; dairy products, 1934
19, 20
New data: Average yield on U. S. Bonds, 1919-25
20
Weekly business statistics through October 26
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

38
41
41
45
47
48

Metal and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics

49
51
52
53
55
56
57
58
60

General index

Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, 33, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C.

25765—35


Page
22
23
24
25
27
31
36
37

Inside back cover

SURVEY OF CURRENT BUSINESS

November 1935

Business Indicators
1923-25=100
INDUSTRIAL PRODUCTION

INDUSTRIAL PRODUCTION

160

100

160

TOTAL

1OO

(Adjusted)
mill inn

40

16O

MINERALS

(Adjusted)*

MANUFACTURES
f (Adjusted)*

4O
CONSTRUCTION CONTRACTS AWARDED

FACTORY EMPLOYMENT AND PAYROLLS

20O

1OO

EMPLOYMENT

10O

(Adjusted^

4O
-PAYROLLS

(Unadjusted)

TOTAL FREIGHT CAR LOADINGS

FREIGHT CAR LOADINGS L. C. L.

160

160

100

1OO

Unadjusted

Adjusted
|
1111 M 1 1 1 1 1 1 1 1 1 M111

40

DEPARTMENT STORE SALES

WHOLESALE PRICES

20O

160

100

100
ALL COMMODITIES
4O
PRODUCTS
VALUE OF EXPORTS

VALUE OF IMPORTS

2OO

2OO

1OO

1OO
1 1 1 1 1 ill If 1 1 1 1 I I I I 1 1 1

200

Adjusted
^_^
" -~--« „ —-^-*i 1 II 1 1 1 1 1 1 1I 1 1 1 1 ! 1 1 1 1 1 1 I I 1
M 1 MM

II

BANK DEBITS OUTSIDE NEW YORK CITY

100

FEDERAL RESERVE MEMBER BANK LOANS'
16O

1OO
Unadjusted
1 1 1 1 1 1 1 1 Hi

1931

193211933 1934 1935

ADJUSTED FOR SEASONAL VARIATION



1931 II932T1933 | 193411935

* REPORTING MEMBER BANKS

D.D. 8332.

SURVEY OF CURRENT BUSINESS

November 1935

Business Situation Summarized
October
a conBUSINESvSofactivity during trend beenshowsmonths.
tinuation
the improved
of recent
Expansion in industrial output has
accompanied

lished a new high in October; bituminous coal production, which showed a less-than-seasonal rise in September as a result of the strike, has increased more than
usual in October. Industrial output is currently close
to 90 percent of the 1923-25 average, which is the highest level of operations for the fall period since 1930;
a year ago the index stood at 74.
Ketail store sales in September expanded by more
than the usual seasonal amount, with the widest gains
in rural areas. The index of rural sales of general merchandise in September was the highest for this month
since 1929. The substantial increase in dollar sales
over a year ago indicates an increased physical volume
of sales since retail prices (aside from foods) are little
changed from the level of a year ago.
Commodity prices have changed very slightly on
the average during October. Prices of speculative
commodities have moved irregularly, but have tended
lower since establishing a high for the year in the first
week of October.
Stock prices have advanced to a 1935 high during
October. Bond prices have been generally firm. Conditions continue favorable to refunding operations and corporations are taking advantage of the situation to reduce
interest charges. Short-term interest rates have remained at nominal levels; excess member bank reserves
have reached another high, this time in excess of $3,000000,000. The fall expansion in bankloans has been small.

Year and month

1929: September
1930: September
1931: September
1932' September
1933: September
1934:
September
October _
November
December
1935:
January
February
March
April
.
May
June
July
August
September
Monthly average, January through September:
Digitized for1933
FRASER
1934
1935
http://fraser.stlouisfed.org/

e

Is
fl
3
ft, 05

«M 3

BC

1

»«B

h

1
1
S

CB

i 1

1
3

1

1

®l

I |i
9

a

Merchandise, 1. c. 1.

Total

•a
-S
«n

f

1

I
ao

n
o

•a
o
"3
3

V)

J3

1

•<

&

f

es
£

T3

%
1
4

r
M
W

42
1

a

Wholesale price index, 784
commodities

11

«3

3

rf

.

i
>»
o

Adjusted a

Department
Foreign
store sales, trade, value,
adjusted 3
value

.

Unadjusted 1

Freight-car loadings

Bank debits outside New
York City

Factory employment
and pay rolls

Industrial production

(

MONTHLY BUSINESS INDEXES

Construction contracts, J all
types, value, adjusted

by a rising volume of freight traffic which has resulted
from the acceleration in the distribution of manufactured products and industrial raw materials as well as
from the seasonal movement of agricultural products
and the heavier movement of coal. Ketail sales reports indicate a somewhat more spotty situation than
in September when the returns generally made a favorable showing; the September gains were influenced
by the expansion in employment and pay rolls, as well
as by the higher income of the agricultural population.
Activity in the construction industry is improving
slowly; the current volume of both actual and projected construction work is still low.
The increase in industrial production in September
exceeded the usual seasonal gain; weekly data available for October indicate a further advance for the
current month. Automobile production has expanded
steadily after reaching a low for the year at the end of
September with the change over to new models. Steel
production in October has been at a slightly higher
rate than in September, the third successive monthly
increase. Cotton and silk textile production has
increased, while the rayon and woolen industries have
continued to operate at high levels. Lumber production has increased; the output of nonferrous metals
is also higher. Weekly electric power output estab-

Monthly
average,
1926=100

Monthly average, 1923-25=100
123
92
77
67
85

123
90
76
66
84

127
101
83
74
94

121
90
76
66
84

121
89
75
65
83

118
94
78
71
87

106.3
87.0
75.2
61.8
78.0

112.9
84.1
63.4
42.9
59.1

121
99
78
61
68

106
87
69
54
60

110
99
88
72
70

106
95
85
69
68

117
103
88
71
73

113
99
85
68
69

110
78
45
33
40

115
74
56
32
48

138.3
107.7
84.3
59.6
61.9

110
81
59
30
30

96.1
84.4
71.2
65.3
70.8

73
75
74
78

70
73
73
76

87
87
84
85

71
74
75
86

69
72
74
85

82
81
81
90

74.0
76.8
76.7
78.9

58.0
61.0
59. 5
63.2

67
64
60
56

59
57
59
64

67
66
65
62

64
63
64
66

79
82
S3
135

75
73
74
78

48
45
45
43

43
39
47
41

65.3
73.3
68.0
79.6

29
31
31
31

77.6
76.5
76.5
76.9

88
91
91
89
87
86
83
86
89

87
91
91
91
87
84
83
86
88

91
92
90
79
88
97
84
85
91

91
89
88
86
85
86
86
87
88

90
88
86
86
84
84
86
87
88

94
96
97
87
89
98
84
81
86

80.5
81.9
82.4
82.3
81.2
79.9
80.4
81.7
81.9

64.2
69.1
70.7
70.8
68.5
66.4
65.3
69.6
72.1

58
61
62
59
61
63
60
64
70

64
65
65
61
61
63
5S
60
62

61
63
65
65
65
64
63
64
67

65
65
64
63
63
64
64
64
65

59
61
71
79
76
76
56
62
86

74
75
82
73
76
80
80
79
82

45
47
48
46
46
50
52
49
50

51
48
49
49
52
51
60
54
53

76.4
66.8
80.3
79.8
79.4
80.7
84.4
79.3
76.7

27
28
26
27
27
30
35
38
42

78.8
79.5
79.4
80.1
80.2
79.8
79.4
80.5
80.7

77
81
88

77
80
88

81
86
89

366.4
379.2
381.2

45.8
62.1
68.5

57
62
62

332
346
346

336
343
»52

59.5
68.9
78.2

320
333
332

64.3
74.4
79.8

Federal Reserve Bank of St. Louis

nf amrlrina Ha

67
66
64

59
67
70

SURVEY OF CURRENT BUSINESS

November 1935

Comparison of Principal Data, 1931-35




Y///////A

FIRST 9 MONTHS

REMAINDER OF YEAR

BANK DEBITS OUTSIDE NEW YORK CITY — (BILLIONS OF DOLLARS)
O
5O
100
15O
2OO
25O

CONSTRUCTION CONTRACTS AWARDED — (BILLIONS OF DOLLARS)
1
2
3
4
5

STEEL INGOT PRODUCTION

10

2O

(MILLIONS OF TONS)

3O

4O

50

AUTOMOBILE PRODUCTION — (THOUSANDS OF CARS)

FREIGHT CAR LOADINGS — (MILLIONS OF CARS)

D.D. 8333

SURVEY OF CUERENT BUSINESS

November 1935

Commodity Prices

W

HOLESALE prices of the more-sensitive commodities have fluctuated rather violently since
the latter part of September. Moody's index of 15 commodities, which reached a high for the year at 173.3
on September 24, dropped to 170.9 by the end of the
month. It again turned upward in early October to
establish a new peak at 175.3 and has since tended
downward. These movements were influenced mainly
by developments in the European political situation.
The Bureau of Labor Statistics' monthly index of
wholesale prices, based on 784 commodity price series,
advanced from 80.5 in August to 80.7 in September—
a new high for the year and the highest average for any
month since November 1930. The weekly index has
varied little from the middle of August to the third
week of October. There was a very small decline
for September in the monthly index of nonfarm and
food products, a substantial decline in fuel and
lighting, but marked increases in chemicals, hides, and
leather.
Retail prices of department-store articles rose 1
percent from September 1 to October 1, the largest
monthly gain since November 1933, according to Fairchild's index. The greatest increases were in home

furnishings and women's apparel, though the advance
was shared by all groups except infant's wear. Retail
food prices were higher in early October than in
August, according to the Bureau of Labor Statistics'
index. At 124 percent of the 1913 average, the index
was 6.6 percent higher than for the corresponding date
of last year. Higher prices of meats, lard, butter, and
eggs accounted for a large part of this change.
The cost of living of wage earners rose from 83.0 to
83.5 from August to September, according to the National Industrial Conference Board's index. Items
other than foods contributing to the September rise in
the cost of living were rents, which were up 0.8 percent, and coal, 1.2 percent. Clothing prices also rose
for the first time in a year, but the increase was only
0.1 percent.
Average farm prices at mid-September were 107
percent of the prewar average as compared with 106
percent a month earlier, and they were somewhat
higher in mid-October, according to the Bureau of
Agricultural Economics. Average prices received by
farmers have risen and those paid by farmers have
fallen in recent months, so thatjprices received, relative
to those paid, arejiow the highest in over 5 years.

r» <e

AS
f
.&
H
li
•o o

Year and month

W

Economic classes

Groups and subgroups

8«

$
o
3
T3

SB

I

2
1
S

1

1
K

.22

1
tj
S

3
§
T3

1

f

a
1

,i
1
00

ij
g*
2 rt

"5
Ift
of

1
i
bfi
C

•3
53
S

PQ

i
•8

bfi

£

M

1
•o

|

•a
c
C9
V)

1
i

TS

•3
fe

6

g

1

be
C
2
to

£3
ft
«
ta

3

H

3
8£

s1
n

|

v

.2

i

«

3
1

S

1934
1935

Retail

*

•«*
a
«

1

S-

sl

£3
Q

i

£§

!
i
1
«

Mo.
Dee.
Mo.
Mo.
1930
average, average, average, (Jan. I,
19091923= 1914=
1913= 1931) =
100
100
100
100

Monthly average, 1926=100

1929* September
1930' September
1931: September .
1932: September
1933: September
1934:
September
October
November
December
1935:
Januarv
February
March
April
May
June__
July
August
September
Monthly average, January
through September:
1933

Farm, combined index, 47 commodities (Department of Agriculture) l

Wholesale (Department of Labor)

•>*
00

Cost of living (National Industrial Conference Board)

INDEXES OF COMMODITY PRICES

96.1
84.4
71.2
65.3
70.8

95.0
86.4
75.9
70.4
74.8

98.9
82.1
62.7
56.2
61.7

•94.5 106.6 101.6 103.3 113.1 91.6 95.8 93.7 82.7 110.6 94.3 100.3 89.8 83.1
77.7
66.7
60.7
72.9

85.3 77.0
60.5 44.2
49.1 37.4
57.0 63.9

89.5
73.7
61.8
64.9

99.2
73.6
60.9
51.5

83.2 87.1
73.9 77.0
70.4 70.5
76.1 82.7

87.2
76.3
72.9
72.7

79.0
67.4
70.8
70.4

99.2
85.0
72.2
92.3

92.3
82.7
73.7
79.3

89.0
83.9
80.1
82.1

76.2
64.5
55.6
76.9

75.2
68.2
64.7
65.1

100.8
95.4
85.6
76.6
77.9

150
120
80
66
80

161
146
119
100
107

87.4
73.6
86.0

77.6
76.5
76.5
76.9

80.1
79 2
79.3
79.5

73.9
72. 1
72.2
73.1

71.8
71.5
71.1
71.0

73.4
70.6
70.8
72.0

88.1
85.0
87.2
91.5

76.1
74.8
75.1
75.3

76.6
70.0
68.4
69.0

78.3
78.0
78.0
78.0

85.6
85.2
85. C
85.1

76.5
77.1
76.9
77.8

74.6
74.6
74.4
73.7

84.1
83.8
84.2
85.1

81.8
81.7
81.3
81.2

86.6
86.3
86.2
85.9

71.1
70.3
69.7
70.0

70.2
69.7
70.6
71.0

81.0
80.9
80.8
80.8

103
102
101
101

117
116
115
114

87.7
87.4
87.4
87.2

78.8
79.5
79.4
80.1
80.2
79.8
79.4
80.5
80.7

80.8
81.5
81.7
82.3
82.4
82.2
82.0
83.0
83.1

76.6
77.4
76.6
77. 5
77.6
76.4
75.8
71.1
77.3

71.2 77.6
71.7 79.1
71.8 78.3
72.3 80.4
73.5 80.6
73.9 78.3
72.8 77.1
73.2 79.3
74.4 79.5

88.8
87.4
82.8
87.9
83.2
76.9
78.3
79.3
83.5

79.9
82.7
81.9
84.5
84.1
82.8
82.1
84.9
86.1

81.6
87.9
91.6
94.3
97.0
94.5
93.3
102.0
102.9

77.7
77.4
77.3
77.2
77.6
78.0
78.0
77.9
77.8

84.9
85.0
84.9
84.6
84.8
85.3
85.2
85.4
85.9

79.3
80.4
81.5
81.0
81.2
80.7
78.7
78.6
80.2

72.9
72.5
73.0
72.8
73.1
74.2
74.7
74.1
73.0

86.2
86.0
85.4
86.3
88.3
88.9
89.3
89.6
90.9

81.2
80.7
80.7
80.7
80.6
80.5
80.4
80.5
80.5

85.8
85.8
85.7
85.9
86.6
86.9
86.4
86.6
86.6

70.3
70.1
69.4
69.2
69.4
70.1
70.2
70.9
71.8

70.7
70.1
69.2
68.7
68.7
68.4
67.7
67.3
67.1

81.6
82.4
82.4
83.2
82.9
82.7
82.6
83.0
83.5

107
111
108
111
108
104
102
106
107

119
122
122
124
124
123
122
122
124

86.8
86.6
86.3
86.3
86.1
85.7
85.2
85.7
86.6

64.3
74.4
79.8

68.9
77.9
82.1

54.7
67.5
76.9

63.1
73.2
72.8

50.9 59.6
70.4 69.1
83.1 83.2

50.9
60.8
93.9

69.1
78.5
77.7

74.4 72.4 64.1 78.2 74.0 79.0 60.3 61.3
86.6 75.5 73.0 87.3 81.6 87.2 73.9 69.5
85.1 80.2 73.4 87.9 80.6 86.3 70.2 68.7

73.8
78.9
82.7

68
87
107

97
109
122

74.2
88.6
86.1

49.9
63.5
78.9


1
Revised. See p. 20 of the November 1934 issue.


* Middle of month.

1

Index is for 1st of following month.

SURVEY OF CURRENT BUSINESS

November 1935

Domestic Trade
The increase in general merchandise sales in urban
areas, as reflected by the department-store sales index,
was less pronounced; nevertheless, the seasonally adjusted index rose 3 points to 82 percent of the 1923-25
average, equaling the previous high of the year
reached last March. Sales of 18 principal chain-store
companies were about 5 percent higher than a year
ago, but there was considerable disparity between the
results in individual lines.
Recent increases in retail sales have been widely distributed geographically. Chain-store data record increases in all areas compared with a year ago, and
September department-store sales were higher in all
areas except Kansas City and St. Louis. The best
showing in department-store trade last month was
made in the eastern districts, which, for the year to
date, show a less-than-average increase.
The statistics of commercial failures continue to
reflect the improved financial position of business concerns. Such fluctuations as have occurred in the index
of insolvencies during the past 2 years have been
relatively minor.
After adjustment for seasonal variation, the index
of advertising has fluctuated within the range of three
points since last spring—or between 76.3 and 79.3.
During September the expansion in newspaper advertising linage was smaller than the normal seasonal
increase, but the index of farm-paper advertising was
at the highest level reached since the summer of 1931.

5TAIL sales data for September reveal
Rtheseasonal expansion asindexes, with thea more than
compared with August. All
of
available monthly
exception
of that for new passenger automobile sales, wore
higher, and the sharp drop in automobile sales is a
reflection of the new model changes rather than an
indication of a reversal of the favorable trend of sales.
September retail sales were substantially above those
for the corresponding month of 1934 on a dollar basis.
These dollar sales gains are generally indicative of a
rise in volume, since retail prices, with the major exception of food prices, have not changed to any appreciable extent during the year.
Preliminary sales reports for October indicate? a
somewhat more spotty situation than existed in the
preceding month. Fall sales promotions, however,
have met with considerable success, and the month's
sales are expected to record a substantial gain over
October 1934. Passenger automobile sales will probably touch a low for the year this month, but the final
2 months of the year may be expected to bring another
upturn in automobile sales as new models become
available for delivery.
With the marketing of crops, retail trade in rural
areas has shown a decided upward movement. The
seasonally adjusted index of such sales moved up
from 93 in August to 105 in September, the highest
figure reported since May 1930. September soles were
the highest for this month since 1929.

DOMESTIC TRADE STATISTICS
Wholesale
trade

Retail trade
Department stores
Year and month

Stocks «

Unad- Adjust- justed 2
ed i

Un ad- Adjust- justed 2
ed i



Combined
iiidk'X
(is Companies) <

113 i
99
85
68
69

104
95
84
63

75
1
11 i
78
74 i
75
82
73
70
80
SO
79

• ' •• -

!

Variety stores General merchandise
Unad- Adjust- justed i
ed a

Avg. same
mo. 192931 = 100

Monthly average, 1923-25=100
1929: September
117
1930: September
1.03
1931: September
88
1932: September
71
1933: September
73
1934:
September.
79
82
October
83
November
December .
.
135
1935:
January
_ _ _ _
59
February...
61
March
April
79
May
76
June 76
July August
n-2
September
Mo nthly average, January through
September:
;:>y
1933
1934
(i?
70
1935

* Corrected to daily average basis,

Rural sales

Chain -store sales

Sales

Freight-car
loadings, merchandise I. c. 1.

New passenger car sales

Employment

Pay
rolis

Unad- Adjust- Justed 3
ed^

Unad- Ad- Un ad- Adjust- just- just- justed 2
ed^
ed '
ed i
Monthly average, 1929= 100

Monthly average, 1929-31 = 100

Monthly average, 1923-25=
100

107.4
96.9
92.3
81.7
86.4

133.0
92.3
69.3
61.2
73.2

134.4
93.2
70.0
61.8
73.9

133.8
78.7
47.2
30.5
51.2

141.5
82.0
49.0
31.0
52.0

101.9
94.9
85.1
75.6
80.3

103.3
92.8
79.5
60.1
58.7

110
99
88
72
70

106
95
85
69
68

i
I

83
88

102 6
92. 5
88.1
78.0
82.5

67
71
74
60

64
64
65 1
64

95
92
93
94

85.5
91.3
92.9
163. 9

89.5
90.0
91.5
88.9

97.9
108.7
110.4
134.2

98.8
89.1
89.8
94.5

51.9
47.3
39.2
27.7

53.0
59.0
63.0
49.0

83.5
84.3
85.1
85.0

63.6
64.5
64.2
64.8

67
66
65
62

64
63
64
66

57

64 i
64
63
64
64

m

92
96
96
96
92
93

67.2
75.8
78.1
92.9
86. 0
86. !

<;_•
ti$

9S
100

79. 3
S7. 4

90.2
90.8
93.0
90.6
86.0
90.7
92. 1
89.6
91.5

72.6
82.0
90.6
97.0
87.6
94.2
74.7
79.8

87.5
90.6
97.4
101.0
93.1
99.7
97.0
92.8
104.5

51.5
72.7
100.2
116.7
98.4
104.9
89. 1
80.2
49.9

75.0
86.5
94.5
78.5
70.0
78.5
81.0
71.5
50.9

84.2
84.6
84.0
83.2
82.5
82.1
82. 2
82.8
83.7

63.9
64.6
65.2
64.8
64.6
64.6
64.7
64.8
67.2

61
63
65
65
65
64
63
64
67

65
65
64
63
63
64
fi4
64
«5

92

81.6
81. B

74.2
82.1
83.3

55.4
62.4
64.9

(57
06
64

61
65
66
66

"6
»;o
M7

100
91
81

58

, a. 4

fll

;

90

2 Adjusted for seasonal variation.

10;). i

57. 5
72.4
86.9

* End of month,

47.3
64.0
84.8

* See note on p. 26 of the Nov. 1934 issue.

SURVEY OF CURRENT BUSINESS

November 1935

Employment

A

SUBSTANTIAL increase in employment was
revealed by the Bureau of Labor Statistics indexes for September. It is estimated by the Bureau
that approximately 335,000 workers were reemployed
in the industries surveyed monthly. These industries
employ more than half of the gainful workers. The
September increase in employment was mainly seasonal in character; the gain in manufacturing industries
was about equal to the usual seasonal rise and these
industries plus retail trade in which the gain also was
seasonal, accounted for six-sevenths of the total
increase for all reporting industries.
Gains in employment in 71 of the 90 manufacturing
industries lifted the unadjusted index for September
2.2 percent to 83.5 percent of the 1923-25 average,
the highest level recorded since November 1930. The
seasonally adjusted index was up 0.2 of a point to
81.9. Pay rolls were up 3.6 percent over this period
with only 18 of the 90 industries reporting declines.
Nondurable goods industries showed a greater
increase in employment in September than did the
durable goods industries, the gains being 2.9 percent
and 1.0 percent, respectively. Of the 46 durable goods
industries 38 showed gains, while in the 44 nondurable
goods industries, increases were recorded for 33.
Among the more important industries, more-thanseasonal gains in September were reported for foundry
and machine shop products, furniture, knit goods, silk
and rayon goods, and men's clothing. Increased
activity in the construction industry was responsible

for the higher level of employment in the steam and hot
water heating, mill work, sawmill, and plumbers' supplies
industries. The machine tool industry reported a further gain in employment in September, with the number
of workers the highest reported since December 1930.
Declines, as well as gains, in employment in September were mostly of a seasonal nature. The 12 percent
drop in the automobile industry was occasioned by
preparations for the production of 1936 models.
Of the 17 nonmaDufacturing industries surveyed, 10
showed gains in employment from August to September, while 13 had larger pay rolls. The largest relative increase in employment was that reported for the
anthracite mining industry, which recovered most of
the loss reported in the preceding month. Employment in wholesale and retail trade establishments increased in September, as operators prepared for the
usual fall upturn in business. Other important nonmanufacturing industries reporting gains were metalliferous mining and building construction.
October statistics on the number of trade union
members employed show no change in comparison
with September; there was, however, a slight increase
in the number working full time. In October, 80 percent of the membership was employed part-time or
full-time, compared with 76 percent in August and
76 percent a year ago. Employment among trade
union members is currently at the highest level since
the middle of 1930.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay rolls
Employment
Year and
month

Pay

roll

Nonmanufacturing employment and pay rolls
(Department of Labor)
Anthracite
mining

EmUnad- AdUnad- ployjusted justedi justed ment

Pay
rolls

Bituminous
coal mining
Employment

Pay
rolls

Electric light
and power
and manufactured gas

Telephone
and telegraph

Employment

ployment

Pay
rolls

Em-

Wages
TradeUnion
members employed

Retail trade

Average Average
weekly hourly
earnings earnings

Em- Pay
ploy- rolls
ment

Pay
rolls

Factory »

Common
labor
rates »

Cents
per
hour

September.
September.
September.
September.
September.

109.0
89.6
77.4
63.3
80.0

106.3
87.0
75.2
61.8
78.0

112.9
84.1
63.4
42.9
59.1

101.9
93.8
80.0
55.8
56.8

103.8
91.6
64.9
47.0
60.7

97.2
90.5
80.4
62.4
71.8

98.6
74.9
53.6
30.2
44.1

105.5
105.2
94.7
81.0
80.3

106.6
106.1
94.3
74.7
71.8

102. 5
96.8
85.0
77.4
68.3

100.4
102.2
92.1
75.9
64.6

100.6
94.3
83.3
74.2
80.6

101.7
91.5
78.3
58.3
58.7

Percent
of total
members
90
79
74
68
71

September. .
October
November..
December..-

75.9
78.4
76.9
78.1

73.9
76.8
76.7
78.9

58.0
61.0
59.5
63.2

56.9
58.5
60.7
61.6

47.0
48.3
51.2
52.3

78.2
79.3
79.8
79.7

51.4
57.6
58.3
57.0

85. 8
85.8
85.5
83.6

79.3
80.6
79.6
78.3

70.9
70.3
69.9
69.7

72.2
74.9
72.2
73.2

81.7
82.6
83.7
91.1

60.6
61.9
61.9
66.2

75
76
75
73

19.55
20.00
20.12
20.74

.592
.593
.594
.594

41
41
41
40

January
February
March
April
May
June
July
August
SeptemberMonthly average, January
through September:

78.8
81.3
82.5
82.5
81.2
79. 7
79.6
81.8
83.5

80.5
81.9
82.4
82.3
81.2
79.9
80.4
81.7
81.9

64.2
69.1
70.7
70.8
68.5
66. 4
65.3
69.6
72.1

62.9
64.4
51.4
52.6
53.5
50. 8
49.4
38.7
46.0

57.5
64.3
38.9
49.9
49. 5
66.0
37.5
28.3
38.2

80.0
81.1
81.6
74.3
75. 3
77. 9
69^9
73.4
77.0

59.6
66.1
67.5
45.0
49. 1
64. 7 I

82.7
82.2
82.2
82.6
83. 2
s:* s

35! 6

84 7

85.7
85.8

70.5
70.0
69.8
69.7
70. 0
70. 2
70^3
70.5
70.4

73.9
72.9
75.3
73. 1
73. 7
74. 4
75^7
75.5
74.2

79.5
79.2
80.2
83.6
82. 2
82. 1
79.0
77.7
81.6

59.7
59.3
60.4
62.5
62.0
62. 4
60.4
59.2
62.5

74
76
78
79
79
77
73
76
79

21.61
22.09
21.86
21.93
21.76
21 46
21.75
22. 32
22. 59

.594
.595
.597
.598
.599
. 599
.598
. 00 1
.001

39
39
39
40
41
42
42

45.8
60.4

78.0
78.3
79.4
79.0
79 8
i a. o
79.8
81.5
81.5
83.1

42
42

68.4

73. 0

74.3

80.6

52.8
60. 1
60.9

68
74
77

17.33
20.07
21.93

.472
. 577
.598

33
41
41

Monthly average,
1923-25 = 100
1929:
1930:
1931:
1932:
1933:
1934:

1935:

1933

Monthly average, 1929=100

1!|1

66.4

45.8

49.8

Digitized for 1934
FRASER
79.2
62.1
59.4
1935
68.5
52.9
http://fraser.stlouisfed.org/ 81.2
Federal Reserve Bank of St. Louis for seasonal variation
»Adjusted

44.0
57 7
47.8

66. 3
76 4
?6.7

34.2

53! o
54.9

7^ 7

83^4
83.7

70.9

solo

70. 9
70 4
70.3

7o!s

? National Industrial Conference Board.

80 8

j

Dollars
28. 89
25.10
21.90
16.44
19.41

.592
.590
.562
.480
.536

41
40
34
32
37

! Bead building.

SUKVEY OF CURRENT BUSINESS

November 1935

Finance
A continuing feature of the banking situation has
been the heavy inflow of gold. Imports in the week
ended October 18 amounted to $123,000,000, and the
total flow to this country since early September has
been several times this figure. Although the bulk of
the gold came from Europe, the gold reserves of the
European central banks, with two exceptions, have
not shown a corresponding decrease.
Bank deposits have continued to expand, but the
turnover of deposits has remained low. The net
demand deposit figures, subsequent to the report for
August 23, have included Government deposits subject
to reserve. These deposits were not included in the
figures of demand deposits previously, inasmuch as
they were not subject to reserve requirements.
Issuance of new securities has continued in considerable volume, the proceeds being used mainly for
refunding purposes. A substantial amount of corporate cash has been employed in these refunding
operations since many of the new issues raised a smaller
total than was required to retire the old issues, including premiums and financing charges.
In late September the Treasury announced that it
would redeem $8,424,000,000 of its outstanding goldclause bonds and notes at par and accrued interest at
any time up to January 1, 1936. During October,
the Treasury announced that the final conversion of
the outstanding Liberty Loan bonds had been completed. Subsequent to 1927, when for the first time
a Liberty bond became subject to call, about
$13,400,000,000 of these bonds were redeemed.

financial markets have underCONDITIONS inchange during October. developgone very little
Despite
rather sharp setbacks induced largely by
ments in the international situation, stock price
averages have advanced to a new high for the year.
The favorable nature of the reports issued on profits
for the third quarter has contributed to the strength
in industrial shares. Profits of 120 industrial corporations, as indicated by the preliminary index of Standard Statistics, for the third quarter were considerably
higher than in 1934 and possibly exceeded those
realized in the third quarter of 1933 which benefited
from the pre-N. K. A. "boom" and the sharp rise in
prices which was not accompanied at that time by a
corresponding increase in costs. Earnings of 15
public-utility corporations were slightly higher in the
third quarter than in 1934 but otherwise were the
lowest reported for the quarter since 1925.
Bond prices have been firm after some slight
weakness in early October. While prices and yields
have not altered to any extent in recent months,
current yields on representative bonds are below those
of a year ago and are also considerably less than in
1929. The yield on 60 representative corporate bonds,
as computed by Standard Statistics, was, on October
9, 4.30 percent, compared with 4.57 a year ago and
4.70, the 1929 average. The yield on the 15 municipal
bonds included in this compilation was down to 3.18, a
drop of about 0.64 of a point in a year. These bonds
were priced to yield 5.27 percent subsequent to the
financial panic of 1933.

FINANCIAL STATISTICS

Year and
month

Bank
debits
outside
New
York
City

Reporting member
banks, Wednesday
closest to end of
month *

Loans

on

securities

All
other
loans

Federal
Reserve
bank
credit
outstandIne nd of
vestments month

Total
banker's acceptances
outstanding,
end of
month

I

Net

gold

in-

cluding
gold

re-

leased
from

Money
in
circulation

ear-

New
York
State

Postal
Savings

1930: September.
1931: September.
1932: September.
1933: September.
1934:
September, _October
November....
December...
1935:
January
February
March
April...
May. ..
June
July.
August
September..




Bond
prices,
New
York
Stock
Exchange
(domestic)

New
capital
issues

AverInterest
age
rates,
divicomdend
mercial
per
paper
share
(4-6
(600
com- months)
panies)

Dollars

Thous.
of dollars

Dollars

225 2
148.8
81.7
58.2
74.8

95.58
98.83
88.34
83.93
85.82

1,300,782
374, 963
220, 540
68, 515
64, 197

2.95
2.83
2.18
1.24
1.06

67.0
67.3
69.4
69.2

90.05
91.23
91.68
92.57

121, 90H
107,036
140, 941

39. 293

1.23
1.24
1.27
1.27

69.7
67.8
63 9
67 5
73 i
76 0
79 4
83 3
85.0

93. 35
93.35
91 79
92. 95
92 81
93 94
94 12
93 07
92.65

92, 097
50,011
10S, 079
89, 850
86 395
58 083
134 127
151 537
177, 139

1.28
1.29
1 29
1.29
1 29
1.29
1.30
1 33
1.34

mark )

Millions of dollars

1929: September. 27, 274

Stock
prices
(421)
Standard
Statistics

1 926 - 100

Savings deposits

im-

ports

1,272
1,367

7,604
8,074

1,458
1,103
1,578
2,233
2,421

996
683
715

-258. 5
100.2
-7.4

4,811
4,493
5,133
5,685
5,632

4,457
4,662
5,231
5,282
5,079

160
190
469
859
1,182

4,747
4,756
4,688
4,565

10,017
10, 030
10, 0-"9
10, 575

2,464
2,455
2,453
2,463

539
562
561
543

-16.3
11.1
120.8
92,2

5,427
5,473
5,494
5,577

5, 145
5,128
5,119
5,154

1,193
1,199
1,204
1,207

4.537
4, 603
4, 635
4,584
4 558
4,449
4,360
4 446
4,570

10, 683
10,723
10, 900
10,993
10 859
10 960
11 180
11 188
11, 524

2,461
2,465
2,471
2,468
2 469
2 480
2 465
2 485
2,477

516
493
466
413
375
343
321
322
328

150.5
123.0
12 3
146 3
138 5
231 4
15 8
47 4
155.7

5,411
5,439
5 477
5,500
5 507
5 522
5 550
5 576
5,651

5,142
5,147
5 185
5,158
5 152
5 187
5 161
5 152
5,179

1,201
1,205
1 203
1,200
1 205
1 205
1 190
1 191
1,192

21, 253
16, 627
11, 767
12, 215

3,984
3,766

5,268
4, 767

12, 888
14, 465
13. 409
15, 701

3, 047
3,051
3,017
3,081

15, 066
13. 181
15. 849
15, 746
15, 655
15,914
16, 657
15 643
15, 127

3,024
2, 995
2,974
3,112
3 054
3,099
2,967
2 899
2,986

i 91 cities.

11.0

6.5

•

» Net exports indicated by (-).

Percent
6tf
3
2

2-2H

$4-1
^4-1

K-l
H-l
H-l
H-l
H
a/

%
%
%

SURVEY OF CURRENT BUSINESS

November 1935

Foreign Trade
September by
percent,
EXPORTS increased inseasonal amount.15 Imports
or about the usual
declined 4 percent as compared with the usual decrease
of 1 percent. Exports exceeded imports in value by
$36,536,000, compared with an export excess of
$59,655,000 in September 1934 and $13,476,000 in
September 1933.
Agricultural products exported increased from
$42,723,000 in August to $76,423,000 in September,
and accounted for most of the increase in the total.
This upward movement was of a seasonal character,
with large increases reported for cotton, fruits and
nuts, and unmanufactured tobacco. There was some
improvement in the exports of grains and grain preparations, particularly barley, and also in feeds and in
canned vegetables.
The September exports of unmanufactured cotton,
apples, and canned fruit were larger in quantity than
in the corresponding month of 1934. Tobacco exports
were greater in value, but in quantity they were 1
percent less than in September 1934.
Nonagricultural exports were valued at $119,114,000
in September, a drop of $8,000,000 from the preceding
month. Exports of machinery and vehicles declined
about 6 million dollars—from $41,790,000 to $35,915,000—the drop in value of automobile exports accounting for about 2l/2 million dollars of the decline. The
value of automobiles, including parts and accessories,
totaled $13,322,000 in September 1935 and was
$673,000 lower than in September 1934. The early

shift to the new models affected foreign shipments as
well as the domestic business.
The September import decline was almost entirely
due to a decrease in imports of Cuban sugar. Practically the entire 1935 quota of Cuban sugar was imported during the first 8 months of this year, and, as a
consequence, imports of Cuban sugar in September
dropped nearly $20,000,000. There was also some
recession in imports of grains and crude rubber during
September. Total agricultural imports declined from
$103,418,000 in August to $84,506,000 in September.
Competitive agricultural imports, which include meats,
butter, fats, vegetable oils, oilseeds, grain and feeds,
totaled approximately $18,000,000 in September, a
decline of $5,000,000 from the high level of last May.
Among the agricultural products, nursery-stock imports showed the usual marked seasonal increase during September and raw-silk imports increased considerably in quantity and value. The price of raw-silk
imports averaged $1.44 per pound in September compared with $1.3 5 in August 1935 and $1.13 in September
1934. The latter figure represented practically the
lowest price reached by silk during recent years.
Nonagricultural imports increased from $77,026,000
in August to $84,183,000 in September. Imports of
metals and manufactures, including copper, tin,
platinum, nickel, iron ore and steel manufactures, increased about $5,000,000 compared with August; the
value of $18,141,000 was the highest value reached in
any month since October 1930.

EXPORTS AND IMPORTS
Indexes

Tear and month

Exports of United States merchandise

ExValue Value ports,
inof
of
cludtotal total
iming
exports, ports, reexadadports
justed i justed i

Finished
manufactures

Crude
materials
Total
Total

Raw
cotton

Foodstuffs,
total

Semiin anufactures

Monthly average, 1923-25=100
1929: September
_ __
1930: September
1931- September
1932: September
1933: September
1934:
September
October
November
December
1935:
January
February
March __
April
May
June
July
August.
. __
September
Cumulative, January
through September:
1933
1934
1935

Imports *

Total

AutomoMa- biles,
chin- parts,
ery
and
accessories

Total

FinCrude Food- Semi- ished
ma- stuffs man- manufac- ufacterials
tures tures

Millions of dollars

110
78
45
33
40

115
74
56
32
48

437.2
312.2
180.2
132.0
160.1

431.8
307.9
177.4
129.5
157.5

112.3
94.3
44.4
47.4
63.6

76.4
62.8
23.5
32.1
45.3

70.9
46.0
28.4
20.4
18.7

57.7
37.1
21.4
15.9
21.3

190.9
130.6
83.2
45.9
53.9

48.7
33.5
24.6
9.1
11.7

33.4
16.5
8.7
4.9
8.3

351.3
226.4
170.4
98.4
146.6

122.1
75.4
52.9
27.3
48.3

73.0
48.2
35.1
31.3
31.2

70.6
41.0
30.3
14.6
33.5

85.6
61.8
52.0
25.3
33.6

48
45
45
43

43
39
47
41

191.7
206.4
194 9
170.7

189.2
203.6
192.3
168.5

66.4
82.9
71.7
54.5

32.2
43.4
39.2
35.0

20.1
21.9
18.5
15.7

29.7
28.8
30.4
30.3

73.0
70.1
71.7
68.0

18.8
18.7
20.6
19.1

14.0
12.4
11.0
12.4

149.8
137.9
149.4
126.2

38.6
35.1
40.1
28.8

57.3
46.8
47.8
47.8

24.2
26.1
27.4
21.0

29.6
29.9
34.1
28.6

45
47
48
46
46
50
52
49
50

51
48
49
49
52
51
60
54
53

176.2
163.0
185.0
164.4
165.5
170.2
173.4
172. 2
198.2

173.6
160.3
182 0
160.7
159. 8
167.2
168.0
169.8
195.5

55.8
45.0
40.5
38.2
36.9
40.6
38 3
40.9
68.7

32.2
27.1
21.8
21.8
19.4
23.4
19.2
16.6
31.8

16.3
16.3
16.2
12.9
15.4
15.5
15.3
15.6
22.4

27.2
25.5
30.8
26.2
26.4
28.9
28.1
31.0
29.3

74.3
73.6
94.5
83.4
81.0
82.2
86.2
82.2
75.2

18.2
18.8
23.7
22.8
22.2
20.6
23 3
23.9
20.5

17.2
20.5
25.0
22.0
18.6
20.1
19. 4
15.7
13.3

168.6
152.3
175. 4
166.2
166.8
155.3
174.2
180.4
168.7

43.1
45.2
50.4
45.9
44.4
43.7
53.0
50.2
49.8

65.8
51.7
59.3
56.1
55.0
49.4
56. 5
63.6
44.4

29.6
29.0
35.2
30.7
33.6
31.7
32.1
31.3
38.4

30.1
26.3
30.5
33.4
33.9
30.4
32.5
35.4
36.0

332
346
346

336
343
352

364.4
444.1
404.9

250.9
255.2
213.2

131.1
171.1
145.8

159.9
252.3
253.5

429.9
669.2
732.6

87.2
160.0
193.9

65.4
154.4
171.8

1, 036. 6
1, 221. 2
1,507.9

297.8
355.8
425.8

309.3
374.6
501.8

203.8
232.9
291.7

225.8
257.7
288.6

Digitized for 1FRASERfor seasonal variations.
Adjusted
http://fraser.stlouisfed.org/
25765—35
2
Federal Reserve Bank of St. Louis

2

1, 105. 0 1, 085. 3
1, 561. 6 1, 536. 6
1,568.0 1,536.9

General imports through December 1933; imports for consumption in 1934 and 1935.

3

Monthly average of unadjusted indexes.

10

SURVEY OF CURRENT BUSINESS

November 1935

Real Estate and Construction
daily
THE expansion in the awardedaverage volume of
construction contracts
during September

family dwellings. The increase in the construction of
apartments and hotels has been very small, and the
was accompanied by an increase in actual building- actual volume of such construction for the first 3
operations. Total construction contracts awarded for quarters of the year amounted to only about $66,000,the month were slightly lower than in August, but 000. Contracts for single dwellings to be occupied by
when allowance is made for the fewer number of owners amounted to $148,000,000, as compared with
working days in September there was an increase of $181,000,000 a year ago. Single-family dwellings for
12 percent, a gain which was contrary to the usual sale or rent increased from 25 million in 1934 to 50
seasonal movement at this period.
million dollars this year. Total residential contracts
While publicly financed work was an important were valued at 339 million dollars against 188 million
factor in the showing of contracts awarded in Septem- in the first 3 quarters of 1934.
ber, the most significant feature of the figures was the
The volume of additions, alterations, and repairs
continued gain in privately financed residential build- undertaken during September was less than in August,
ing. The dollar volume of residential contracts in according to the Bureau of Labor Statistics' permit
September was 3 percent higher than in August, and, statistics from 770 cities. In comparison with a year
on a daily average basis, the increase was considerably ago, however, there was an increase of 18 percent in
larger. There is usually very little change in resi- the number of permits issued and of 39 percent in the
dential construction placed under contract at this estimated cost of such work.
period. September residential contracts were more
Conditions in the real-estate field continue to show
than twice as large as in September 1934.
gradual improvement, with vacancies decreasing,
Total awards for all classes of construction for the rents increasing, and market activity tending upward.
9 months were slightly lower than for the corresponding- The H. O. L. C. is gradually acting upon the loan
period of 1934, owing to the decline in contracts requests filed last summer, when applications were
awarded for large engineering works financed by received for allocation of the additional funds secured
public funds. In view of the large gain in October by the corporation. According to present estimates,
over the corresponding period a year ago, the total for the last of the 185,000 applications now awaiting action
the 10 months will be larger than in 1934.
will be disposed of early next year. It is expected that
The major gains in residential construction during when loan operations cease, the loans of the corporation
the current year have been in the erection of 1- and 2- will have reached a total of 3 billion dollars.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
j

1029- September
1930: September _.
1931* September
1932' September
1933: September
1934:
September _ _
_
October.--.
November
December
L935:
January
February
March _
April
May
June
July
August..
S »ptember
Monthly average, January
through September:
1933
1934
1935

All types of
construction

Monthly
average,
1923-25=
100

Year and month

F. R. B.
index,
adjusted i

Number of
projects

Millions of
dollars

110
81
59
30
30

14, 262
11,495
9, 105
7, 152
7,594

444
332
251
128
120

25.6
19.7
13.0
6.6
6.3

29
31
31
31

7, 663
10,012
7,503
5,770

110
135
112
93

27
28
26
27
27
30
35
38
41

6,458
6,135
8,929
10, 570
10, 499
10,450
10.Q30
10,655
9,978

20
33
32

7,092
7,694
9,400

Residential
building
i
MilMillions of lions of
square dollars
feet

Highways
under
construction
(National!
IndusCetrial
merit 1 Recovery !
| Act)

Building-material
shipments

Construction contracts awarded

Public
utilities

Public
works

Maple Oak
floor- flooring
ing

Thousands of
barrels

Construction
costs,
Eng.
NewsRecord a

1 MonthThou- 1 ly avsands of ! erage,
dollars i 1913=
!
100

Tvyr-nt
dotes
dollars

Thousands of
feet board
>
measure

117.4
98. 5
54.6
22.8
21.5

57.5
29. 3
16.1
4.5
3.4

83.5
80.4
70.4
64.2
57.3

6, 160
3, 331
3, 144
2, 402
2 622

35, 233
19, 898
19, 480
11.739
9, 563

19, 950
18, 083
13 073
9, 729
6,517 i

4.8
7.0
5.3
4.0

17.9
26.3
19.9
14.6

6.5
12.6
8.5
12.9

43.5
52.6
43.8
37.2 i

3,386
3,408
3, 005
2, 668

9,003
10, 095
9,533
6, 964

7,388
8, 439
5,674 !
3, 104

203,027
179, 453
156, 599
147, 807

100
75
123
124
127
148
159
169
167

5.5
4.6
8.8
11.9
13.1
13. 7
13. 1
11.8
12.2

22.4
16.6
32.2
42.2
44.9
49.8
48 4
40.5
41.8

8.7
3.9
6.5
7.3
5.4
9. 1
13.8
4.4
12.5

35.7
23.9
39.8
33.2
26.0
30.0
40. 1
65. 1
63.7

3, 302
2,812
2, 929
4,148
4,410
4,602
5. 1 1 4
5, 037

8,676
9, 015
14, 606
14, 438
IS, 306
17, 732
IS, 374
17, 864
17, 402

2, 846
2,952 !
4,878
6, 198
7,428
7, 631'
8,' 105
7,799

145. 639
155, 448
170,756
187, 675
191,522
185, 044
170. «46 |
149,047 1

82
134
132

6.0
5.3
10.5

20.0
20.9
37.7

6.1
10.2
8.0

23.4
54.6
39.7

" 2, 621
» 4, 133
'4,055

10, 651
8,886
15, 157

5. 459
6, 522
6,183


1
Based on 3-month moving average and adjusted for seasonal variations.


2

^34, 962~"

207. 6
199. 6
171.4
158. 0
1 75. 5

Longterm
realestate
bonds
issued

Home
Loan
Bank,
loans
outstanding

Thousands of
dollars
5, 338
13, 890
66, 785
700
0 ~ 66," 329

Realestate
foreclosures

Number

15, 835

16, ot;fi

200. 6
200. 9
201.4
201.9

0
0
0
0

86, 647
87, 446
87,714
87, 258

15, 972
16, 723
16, 940
17, 736

o

126,211

198.7
196.0
194.3
194. 5
194.1
194.8
105.2
195. 1
195.1

0
0
568
325
0
0
0

82, 585
77, 142
72, 616
74,011
75, 836
79, 234
80. 877
86, 025
90,432

18.055
15,455
17,943
17,441
17,441
17.249
15. S3 5
14, 964
14,470

244, 071
16-1, 688

163.6
197.0
195.3

100
44
99

36, 968
88, 840
79,862

17,083
15, 777
16,539

Index is as of 1st of month, October 1, 1935, 195.1.

y

" 8-month average.

11

SURVEY OF CURRENT BUSINESS

November 1935

Transportation
time this year. In August the loss aggregated about
2% million dollars, and in September 1934 the loss was
just over 2 million dollars. October results are expected
to record further improvement in the financial operating statement.
During the past month, the Interstate Commerce
Commission announced the organization of the New
Bureau of Motor Carriers to carry out the duties
recently imposed on the Commission by Congress.
This Bureau will undertake to regulate the activities of
motor carriers engaged in interstate commerce. The
task confronting the new Bureau is a formidable one,
according to Commissioner Eastman, who points out
that, although the total number of such carriers is not
known, there may be as many as 250,000. The task of
regulation may possibly be gaged in terms of number
rather than in tonnage carried.
The upturn in traffic volume resulted in an. increase
in the number of employees in the transportation division during September. According to data compiled
by the Interstate Commerce Commission, the transportation group employed 2.3 percent more workers,
but there was a decline of 3.5 percent in the number
employed in the maintenance of ways and structures.
The composite index of employment composed of these
2 groups of workers and 5 others advanced 0,2 of a point
to 55.4 percent of the 1923-25 average, on a seasonally
adjusted basis. A year ago, the index stood at 56.2.

4 weeks of
daily
DURING theloadings were October, percentaverage
freight-car
about 5
above
the September level. As the seasonal variation in the
freight movement for this period is small, a rise of
several points in the seasonally adjusted index of loadings is anticipated for October, following the rise of
2 points in September to 62 percent of the 1923-25
average.
Loadings of miscellaneous freight have recorded a
gain of about 7 percent during October on a daily average basis. The movement of this class of traffic is of
particular significance, since it includes the car-lot
movement of the products of industry as distinguished
from farm products and heavy raw materials such as
coal and ore. Coal loadings have increased by more
than the usual seasonal amount, although the comparison is affected by the curtailment of production and
shipments during the strike which occurred in the latter
part of September.
Freight-car loadings for the first 43 weeks of the year
were one-half of 1 percent higher than in 1934. A
better showing is anticipated for the full year, since
fourth-quarter traffic is expected to be substantially
higher than a year ago.
The improvement in traffic volume resulted in a sharp
gain in net railway operating income in September.
Reports so far available suggest that the carriers operated at a profit, after taxes and charges, for the first

RAIL AND WATER TRAFFIC
Freight-car loadings

Year and
month

F. B. IS. index
Unad- Adjusted i justed?

Total

Coal

For- Grain
MerMisest
and LiveCoke prod- prod- stock chan- Ore celladise
neous
i. c. 1.
ucts ucts

Monthly average, 1923-25=

Thousands

121
99
78
61
68

106
87
69
54
60

1, 135. 6
960.1
731. 5
576. 5
641.8

187.9
158.7
126.5
109.7
122.7

11.9
8.3
4.9
3.7
6.9

63.0
41.5
25.5
17.8
24.9

49.9
45.4
37.1
36.8
31.0

30.9
28.3
25.4
21.3
20.7

262.2
244.4

68.6
47.3
28.4
6.1
38.3

461.1

210.3
171.2
168.0

67
64
60
56

59
57
59
64

625.5
632.9
588.3

116. 1
121.0
123.6
122.9

5.2
5.6
5.4
6.0

22.1
22.4
21.2
18.3

33.8
30.6
27. 8
25.1

33.4
28.5
22.5
16.3

158. 5
163. 2
160. 1
144.2

23.7
17. 1
6. 5
3. 1

232.6
244.5

58
61
62
59
61
63
60
64
70

64
65
65
61
61
63
58
60
63

542.6

137.6
143.4
136.6
94.7
98.4
124.2
79.6
98.3
111.4

7.8
8.6
6.7
5.7
5.8
6.0
4.7
5.3
6.5

18.7
25. 1
25.2
25.4
25.0
26.3
26.4
30.3
30.9

24.0
25.6
26.9
26.9
25.6
25.4
30.0
42.2
40.6

11.5
12.4
11.6
12 9
12 9
10. 2
9.9
12.9
17.4

144. 1 | 2. 7
1 52. 2
3.2
160.8
3.7
161. 1
8.6
159. 8 25.6
153. 5 31. 8
150. 2 32.8
159. 6 34.1
160.3 33.8

193.2
210.9
231.4

105.1
116 2
1U.3

5.4
6.7
6.3

20.9
22 6
26.0

33.0
32 9
29.8

16.3
20 2
12.6

162.6
159.8
155.9

196. 1
223. 0

57
62
62

1933
1934
1935 .
1
4

518.4

581.4

602.9
575.8

581.8

607.0
557.2
620.4
657.9

554. 2

599.0
593.3

Daily average basis.
Average weekly basis.




Freightcar surplus

Thousands of cars 4

100

1929: September.
1930: September.
1931: September.
1932: September.
1933: September.
1934:
September. .
October
November. .
December...
1935:
January
February
March
April
May
June..
July
August
SeptemberMonthly average, January
through September:

Pullman
passengers
carried

3

14.8
17 5
19^9

Adjusted for seasonal variations.
o 8 months' average.

386.2
273. 5

209.9
229.3
221.3
182. 5

240.2
228. 6
229. 6

223.6

237. 8
257.1

228.4

Financial statistics, class 1
railroads
Operating revenues

Net rail- Sault New
way op
PanYork ama 3
Ste.
er;iHrm
income Marie State

Thousands of
dollars

394
564
599
380

119

3,031
2,517
1,969
1,339
1,392

560, 701
462, 209
346, 340
269, 533
292, 159

318
328
381
392

1,354
1, 265
1, 131
1,371

275, 511
256, 967
257, 506

31,583

342
320
300
310
305
272
296
245
229

1, 398
1,204
1,219
1, 193
1, 146
1.309
1,286
1,425
1,364

264, 213
254 940
280, 899
274, 652
279, 549

536
361
391

1,119
1, 260
1,283

255, 350
243, 181
279, 102

8

292,903

281.336

275, 349
294, 018
306, 960

Canal traffic

Thousands of
short tons

PhQQS.

of long
tons

132, 291
102, 852
54, 495
48, 947
60, 609

13, 356
10, 347
7, 126
3, 807
8, 453

389
458
587
478
517

1, 194
1, 040
884
638
961

41, 020
48, 625

6, 145
5, 006

38, 738

299

465
726
559
0

1, 045
1, 029
1, 015
885

21, 349
25, 720
37. 851
34, 626
39, 505
34 025
26, 851
42, 074
57, 359

0
0
0
888

0
0
0
329
554
482
519
576
574

825
708
961
811
938
862
715
848

h

470
h 476

o 745
a 946

*506

»834

37, 946
38 210

3»U84

2,627

5, 985
7. 058

7, 503
7,731
7,148

h
4, 994
*5, 71 9
^,052

American vessels, both directions.
* Average, April-September

12

SURVEY OF CURRENT BUSINESS

November 1935

Automobiles and Rubber
year in September,
A?TER reaching a low forhastheagain turned upward
automobile production
during October with the inauguration of assemblies on
1936 models. United States production during September approximated 90,000 units, of which 33,000
were commercial cars. With all major producers again
in production, output in October is expected to exceed
200,000, compared with 132,000 vehicles in October
1934.
Since the seasonal movement of passenger-car production has been radically altered this year by the
early introduction of new models, an erratic movement
of the adjusted index of production has been produced,
although some allowance was made for this factor
in the September index.
Most of the changes revealed in the new models have
been minor in character so that it is not anticipated
that a repetition of the delays experienced in reaching
volume production by some of the leading manufacturers in the past 2 years will recur this year.
Trade estimates forecast the assembly of approximately
three-quarters of a million units in the final quarter
of 1935, which is approximately double the output
in the corresponding period of 1934. The acceleration
of activity in the automobile industry is expected to
furnish additional impetus to the industries supplying
parts and materials, and it is expected to exercise a
favorable influence also on the combined industrial
output during the final quarter.

If the above-mentioned estimate of the production
in the final quarter is realized, it will mean a total
United States production for the year of approximately
3,700,000 cars and trucks, the highest total produced
since 1929.
Tentative production and sales budgets for the next
year have been placed above the 1934 level, but such
estimates are subject to frequent reappraisals as the
season develops. Sales during September and October
have followed a downward tendency as stocks of old
models have been cleared and preparations made for
introducing the 1936 lines. Very few of these new
models have been placed in the hands of buyers as yet,
since most companies have not adequately stocked
their dealer organizations.
Dollar sales during the coming year apparently will
not be influenced by price changes since prices of the
1936 models which have been announced to date show
very little variation in comparison with those for 1935.
Activity in the rubber industry as indicated by the
consumption of crude and the employment and payroll data, was somewhat higher in September than in
August or September a year ago. Unsettlement in the
retail tire price structure has continued during recent
weeks. Tire sales, however, have improved, with the
result that stocks of manufacturers have been reduced.
Beginning with August, the percentage of the industry
reporting tire production monthly was reduced. See
page 55 for the estimated coverage.

AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports

Automobile production
United States
Year and
month

1929: September...
1930: September..
1931: September...
1932: September...
1933: September...
1934:
September
October
November
December
1935:
January
February
March
April
May
June
__
July
August
September. ..
Monthly average,
January through
September:
1933
1934
1935


F.B.B.
index,

ad-

Total

Passenger

Registrations

Canada

Trucks

Total

New

New
UnadPassen- Trucks passen- comAdger
ger cars mercial justed justed i
cars

Pneumatic
tires »

Production

cars 3

justed^
Month-

ly av.,
1923-

New passengercar sales

Monthly average,
1929-31=100

Number

Thousands

25=100

Crude rubber

DoWorld
Do- mestic
Im- stocks,
mestic conship- sump- ports end of
month
ments tion,
total

Long tons

Thousands

122
62
40
24
55

416
221
141
84
192

364
176
109
65
157

51, 576
44, 223
31,338
19, 402
34, 424

13,817
7,957
2,646
2,342
5,808

20, 934
8,130
4,577
3,053
6,330

12, 985
5,285
4,171
2,601
4,614

304, 359
175, 286
124, 903
81, 893
157, 834

46, 532
33,911
25, 967
15, 180
31, 269

133.8
78.7
47.2
30.5
51.2

141.5
82.0
49.0
31.0
52.0

3,568
2,692
2,538
2,031
3,199

4,330
3,360
3,034
2,410
2,714

31, 236
23, 265
21, 747
20, 692
31, 047

34, 814
35, 783
38, 933
29, 280
46, 255

307, 152
467, 273
561, 838
599, 986
623, 683

51
41
40
88

170
132
83
154

125
84
49
111

44, 967
47, 988
34, 462
42, 563

5,579
3,780
1,697
2,694

10, 236
8,040
9,208
8,279

7,530
7,512
7,072
7,141

146, 931
140. 880
107, 648
75, 514

37, 225
40, 878
28, 689
24, 125

51.9
47.3
39.2
27.7

53.0
59.0
63.0
49.0

2,848
3,188
3,241
3,665

2,993
2,834
3,026
2,921

27, 317
28, 526
31, 358
32, 996

32, 010
29, 240
37, 212
18, 171

694, 361
680, 616
684, 408
705, 975

104
103
106
110
86
100
95
64
52

293
336
430
478
365
361
337
240
90

229
276
362
402
308
297
276
182
57

63, 584
60, 077
68, 018
76, 118
57, 205
64,712
60, 960
57, 662
32, 520

10, 607
18, 114
21,975
24, 121
20, 765
15, 745
13, 069
7,692
5,323

11, 035
15, 067
20, 986
18, 341
13.604
16, 517
14, 752
10, 076
5,622

6,591
6,760
8,820
8,092
6,291
9,753
10, 274
9,997
7,081

136, 635
170, 615
261, 477
319, 652
293, 201
280, 360
285, 184
233, 851
157,098

34, 759
34, 797
41,511
46, 785
47, 968
48, 243
51, 243
50, 355
43,234

51.5
72.7
100.2
116.7
98.4
104.9
89.1
80.2
49.9

75.0
86.5
94.5
78.5
70.0
78.5
81.0
71.5
50.9

4,488
4,251
4,215
4,376
4, 050
3,793
3,426
3,234

3,469
3,112
4,000
4,908
3,850
4,061
5.212
3,783

42, 864
38, 868
38, 997
40,913
37, 827
33, 327
33. 109
36. 000
34,000

40, 523
47, 844
46, 640
41, 456
30, 705
32, 182
48, 131
41,483
35,707

698, 153
686, 195
678, 809
677, 006
677, 569
671.525
679, 061
6*0, 644
664, 159

55
80
98

183
265
325

153
215
265

29, 849
50, 020
60,095

6,299
12, 076
15,268

5,779
13, 302
14,000

3,146
7,894
8,184

133, 883
157,529
237,564

20, 394
34, 474
44,322

47.3
64.0
84.8

" 3, 175 o 3, 165
a 4, 109 o 4, 047
"3,979 "4,049

30, 502
35, 533
37,323

32, 255
41, 974
40, 519

625, 288
673, 082
679,236

http://fraser.stlouisfed.org/
' -Adjusted for seasonal variations.
Federal Reserve Bank of St. Louis

« See note on p. 55.

«Taxieabs included with passenger cars. See footnote on p. 59.

' 8 months' average.

13

SURVEY OF CURRENT BUSINESS

November 1935

Forest Products
upward trend of lumber
has
THEwere during October. thanproductionand continued
New orders
shipments
somewhat lower
in September, and

September than in the preceding month and also considerably higher than a year ago. Pay-roll disbursements for a representative group of furniture factories
were also below production. The resulting increase in September was 35 percent above the amount rein stocks has not been large. Production ot lumber ported last year.
Of particular importance to the southern lumber induring the first 6 months of the year was considerably
below market requirements, but in the third quarter dustry was the approval by railway executives of
output increased about in proportion to the gain in freight-rate reductions ranging from 1 to 12 cents per
consumption. The continued upward trend in resi- hundred pounds on southern pine and other species of
dential building, and to a lesser extent the gain in con- lumber shipped from producing points in the South and
sumption by the furniture and other consuming indus- Southwest. The tariffs containing these reductions
tries, has contributed to the improving outlook for have been submitted to the Interstate Commerce Comthis industry.
mission for approval.
Lumber production so far this year has been higher
Activity in the paper-manufacturing industry, which
than in 1934. Since 1932, when lumber production improved during September, has continued at the
dropped to about one-fourth of the 1929 rate, output higher level in October. Production in September
has approximately doubled. This relative increase was about one-fourth above September 1934, with curhas been greater than that for industrial activity as a rent operations at approximately 75 percent of capacwhole, a condition which is true of the durable-goods ity. Board mills are operating at the same ratio to
industries generally since the output of such materials capacity as the paper mills, but this rate is somewhat
is subject to wide changes during business cycles.
higher than in September.
Accompanying the rise in sawmill activity this year
New business in both coarse- and fine-grade paper has
has been the improvement in millwork output. Pro- improved during recent weeks, with prices firm. The
duction of finished lumber products was higher in Sep- newsprint market has not been active. Contracts for
tember than in August and was considerably in excess next year's requirements have been held up in anticiof a year ago. The increase in the output of maple and pation of higher prices. Recent developments, howoak flooring, for example, amounted to 23 and 127 ever, indicate that this situation is clearing with some
percent, respectively, in comparison with September companies posting a price $1 a ton above the 1935
1934. Activity in furniture factories was higher in figure.

FOREST PRODUCTS STATISTICS
Car
loadings i

Lumber production

Tear and month
Total

CaliDoug- South- fornia
ern
las fir
redpine
wood

Millions of feet, board measure
1929: September
1930: September
1931: September
1932" September
1933: September
1934:
September _, _ __ __
October
November
December
1935:
January
February.
March . _
April
May.
... _- .
June
July
August
September _
Monthly average, January
through September:
1933
1934
1935

FurniAdture,
justed 3 adJusted 3

Unadjusted
TurpenTurtine
penand
rosin, Furni- tine
and
unad- ture
rosin
justed

Total

Book
paper, Newsun- print
coated

35
28
15
11
18

86
55
35
24
33

116.1
82.8
72.3
53.7
74.8

85.5
67.8
97.6

124.3
78.6
60. 1
33.9
52.8

43.6
30.4
43.3

1,201
1,226
1,036
896

141
129
123
103

98
102
96
79

25
28
26
21

30
30
30
32

63.0
61.2
60.7
62.9

96.2
89.3
92.4
92.9

44.6
47.2
44.5
45.9

52.2
45.1
47.9
50.2

637. 033
762, 609
658. 166
618, 522

1,039
1,072
1,144
1,268
1,239
1,242
1,750

111
144
145
158
69
66
105

100
102
103
107
107
110
131
137
125

20
23
23
25
26
26
28
34
34

31
35
33
33
33
35
39
40
42

66.4
67.6
70.3
71.1
70.5
69.6
72.4
73.3
73.9

95.6
96.3
99.7
99.2
99.0
98.9
98.9
99.1
100.5

43.5
47.1
49.7
49.2
47.1
48.5
48.4
56.0
60.2

52.7
54.2
52.3
57.9
57.3
59.9
57.5
59.3
59.3

763. 271
707, 084
755, 159
732, 733
778,279
714, 308
695, 016

105
109
113

12
24
27

28
31
36

58.2
62.2
69.1

76.7
99.1
98.6

32.9
40.6
50.0

32.6
50.9
56.7

? See note on p. 54,

Paper
board

Wrapping
paper

Consumption
by
publisher*

Short tons

Monthly average, 1923-25=100

207
117
80
114

o 139
"121

Newsprint

Paper production >

Pay rolls

316
200
155
96
137

i Of forest products.




Employment

108, 579
95, 318
91, 168
70, 352
72, 785

252, 452

73, 243
87, 394
79, 936
74, 427

74, 120
80. 562
74, 851
79, 777

233, 426
263. 679
227, 733
199, 940

88, 878
86, 989

80, 576
70. 812
73, 528

262, 026
251. 870
275, 770

96,411

96, 852
93, 358
82, 098
86, 121
88, 201

87,911

74,891

260.851

73, 108
73, 344

262, 463
256, 665
260, 207
291, 127
289, 596

77, 318
80, 223

255, 672
231, 349
267, 842

84, 361

77,319
71,416

75,484

3 Adjusted for seasonal variations.

193, 045
163, 895
152, 422
127, 425
134, 306

111.076
151.019

126. 441
120, 246

147, 698
135. 078
139, 857
132. 986
l t > 9-U
132. 181
121, 304

151,900

168, 372
172. 287
165, 496
157, 870
169, 816
171, 139
166, 122

2)1,9-0
161 8*4

153,811

148, 142
160, 558

131,718
156, 356
165, 701

14

SURVEY OF CURRENT BUSINESS

November 1935

Iron and Steel
steel ingots
has
PRODUCTION of level than induring OctoberFlucbeen at a higher
September.

point to little change in the average daily rate of
shipments, as customers are taking deliveries and
also placing orders at a steady pace.
Production of pig iron has followed the trend of
ingot production, with daily average output in September 4 percent higher than in August. This represented
the highest level of production since June 1934. Some
further improvement is indicated in October by the
sustained demand for pig as well as the increased
number of furnaces in blast. As of October 1, 104
furnaces were producing at the rate of 59,250 tons
per day against 99 furnaces on September 1 which
were making iron at the rate of 56,815 tons a day.
Total output of pig iron during the first three quarters
of 1935 was 14 percent above the output in the corresponding period of 1934.
New orders, shipments, and production of steel
sheets by independent manufacturers declined moderately in September, but each of these series showed
substantial gains over corresponding periods of other
recent years. Shipments for the month were close to
the total for September 1930. The index of machine
tool orders for September dropped to 80 from 126 in
August, but shipments did not show a corresponding
decrease.
Prices of finished steel products have changed very
slightly during the current year. Scrap prices, which
moved upward until the end of September, have since
reacted moderately. Pig iron was advanced $1 a ton
in the latter part of October.

tuations in the weekly rate of output have been small,
with the indicated rate of output for the month
approximately 53 percent of capacity, compared with
51.13 percent in September. Daily average production is expected to exceed slightly the previous h^gh of
the year which was reached last February. By midOctober the cumulative total production of ingots
exceeded the output for the entire year 1934. Compared with the same period of 1934, output for the
the 10 months is estimated to be 23 percent higher.
Releases from the automobile industry have increased as the assembly of new models has progressed.
Consumption by manufacturers of farm implements
and industrial machinery has been well sustained,
and other so-called "miscellaneous" purchasers of steel
have contributed a substantial volume of tonnage in
the aggregate. The construction industry has required
increased quantities of reinforcing bars, but the volume
of fabricated structural steel shipments is less than a
year ago. A very small tonnage is being taken by
the railroads.
Shipments of finished steel products have followed
the upward trend of ingot production. September
daily average deliveries of the leading steel corporation
amounted to 24,597 tons, a figure which was exceeded
during 1935 only by the March total of 25,292 tons.
In August, shipments averaged 23,130 tons daily.
Since the beginning of the current month, evidences

IRON AND STEEL STATISTICS
Iron and
steel

General operations

Year and month

Production,
adjusted »

Furnaces
iri
blast

Thousands of long
tons

Number

Steel sheets J

136
83
45
28
65

104.7
82.7
65.2
49.4
70.9

111.3
76.3
45.5
24.8
47.5

221
131
70
36
109

61
40
31
29
56

3,498
2,277
1, 169
593
1,522

205
123
73
47
89

38
41
49
65

65.4
65.6
66.4
67.7

41.1
42.8
44.2
47.6

301
220
299
283

24
20
35
20

898
951
957
1,028

62
65
59
69

1,269
1 48'
1,611
1,964

23
25
28
36

77
103
133
193

73
9.r109
142

370, 306
313,962
366, 1 19
418, 630

32. 15
32. 10
32. 15
32.39

27.00
27.00
27.00
27.00

8.50
8. 75
9.25
10.31

2 44
2.44
2.44
2.44

80
80
72
67
66
66
69
81
84

69.4
70.6
70.8
71. 1
71.5
71.7
72.4
73.4
74.1

51.9
59.0
59.3
59.4
58.5
55. 8
52.8
59.6
62.9

263
229
323
205
287
290
297
247
244

23
29
21
29
48
33
32
31
53

1,477
1.609
1,770
1.663
1,727
1,553
1,520
1, 761
1,776

90
96
98
97
97
91
95
99
104

2.872
2,778
2. 868
2 641
2, 636
22^1
2^270
2.919
2,830

48
52
50
46
44
40
39
49
51

322
183
193
164150
129
206
207
196

206
201
233
202
187
Ifil
152
181
177

534. 055
583, 137
6r.8. 056
591.728
598, 915
")7S, 108
547, 794
624, 497
614,933

32.58
32. 54
32.36
32.29
32.35
32. 42
32.44
32.68
32. 82

27.00
27. 00
27. 00
27.00
27.00
27. 00
27.00
27.00
27.00

11.80
11.25
LO 50
9.85
10.06
9.97
10, 35
12.38
12.50

2.44
2.44
2.44
2.44
2.44
2.44
2.44
2.43
2.43

53
62
76

55.4
69.8
71.7

33.3
50.3
57.7

93
226
265

34
27
33

1,065
1,442
1,651

69
87
96

1.910
2,282
2,672

34
40
47

136
156
195

124
160
189

461, 895
533,018
593, 469

28.76
32.13
32.50

26.00
27.13
27.00

7.76
10.37
10.96

2.12
2.41
2.44

• Adjusted for seasonal variations.




Unite d
Prices
States
Steel
CorpoSteel
ration, Iron
FinSteel
ProNew Ship- finished and billets, scrap ished
BessePerducor- ments prodsteel, mer (Chi- steel,
cent ders
com- (Pittstion
ucts,
comof
ship- posite s burgh) cago) posite
capacments
ity
ThouDollars
sands
Long
Thousands of
Dollars per long ton
per 100
of long
short tons
tons
pounds
tons
92
275
301
36.20 35.00
15.13
2.54
* 4, 528
55
214
187
867, 282
32.76 31.00
12.50
2,840
2.24
28
30.61 29.00
121
123
486, 928
8.20
1,545
2.20
18
79
75
28.93 26.00
992
316.019
6.25
2.16
40
145
164
30.36 26.00
9.84
575, 161
2,283
2.20
Steel ingots

Production

EmPay
ploy- rolls,
Ex- Imment, unad- ports ports
ad- justed
justed i

Monthly average,
1923-25= 100
1929: September
1930: September
1931: September
1932: September
1933: September
1934:
September
October
November
December
1935:
January
._
February
_March
April
May
June
July
August. _ __ _ _
September
Monthly average, January
through September:
1933
1934
1935
_
—

Pig iron

* Black, blue, galvanized, and full finished

? See table on p. 19 of the January 1935 issue,

15

SURVEY OF CURRENT BUSINESS

November 1935

Textile Industries
in
industries
SepCONDITIONSthe the textile of Octoberduring been
tember and
first half
have

which lifted the seasonally adjusted index of cotton
consumption 10 points to 95 percent of the 1923-25
relatively favorable, with operations in the woolen and average. This was within 3 points of the high for the
rayon industries continuing at a high rate, and activity year recorded in January. Weekly estimates indicate
at cotton and silk mills expanding considerably. that October consumption will show a gain over SepPrices of most fabrics and fibers have advanced, with tember of about the usual seasonal amount.
The manufacture of woolen goods in September was
a particularly wide gain in the price of raw silk. Sales
of finished goods have improved.
at a lower rate than in August. Daily average conAdvancing 2 points to 106 percent of the 1923-25 sumption of wool declined about 10 percent from
average, the Federal Reserve Board's seasonally ad- August to September, but remained above any like
justed index of textile production in September was month since the figures first became available in 1921.
at the highest level since the summer of 1933 when Machinery activity was also lower in September. All
operations were temporarily accelerated in the pre- classifications showed declines from the high August
code rush of activity. Excepting that period, textile level, the largest being the 9-percent decrease for wide
industries as a whole are operating at the highest level looms and the smallest a 3-percent decline for worsted
since late in 1929, according to this index. The index spinning spindles.
The principal feature in the silk industry continues
does not include data on the rayon industry and, if
proper consideration is given to the rapid strides made to be the almost uninterrupted rise in raw silk prices
by this industry in recent years, it is probable that to the highest point reached since the short-lived boom
the relative position of the textile industries as a group of mid-1933. Silk deliveries to American mills during
is even more favorable than is indicated by the index August and September increased considerably, although this situation is apparent only after the abas it now stands.
As has been true for several years, activity in the normal movement to Canadian mills during July and
cotton industry continues at a lower level relative to August is eliminated from the totals. After this adthe 1923-25 average than in any of the other three justment, deliveries from July to August and from
major branches of the industry. There was, however, August to September increased 12 and 24 percent,
a sharp increase in cotton-mill activity in September respectively, on a daily average basis.

TEXTILE STATISTICS
Cotton,
raw

Year and month

Production inMill
dex, ad- conjusted ! sumption

Wool

RunDing
bales

Millions of
spindle
hours

Month- Thou- I
ly avPercent of active hours
sands
erase,
of
to total reported
1926=
pounds
100

118
88
100
104
99

545, 834
393, 390
464, 335
492, 742
499, 482

7,873
5, 662
6,539
6,875
7,053

63
89
87
97

294, 696
523, 032
480, 081
417, 344

3,716
7, 200
6,710
6, 014

111,581
1 34, 386
126, 726
128, 898

103
100
98
98
102
100
105
104
106

550, 553
480, 339
482, 373
468, 402
470,412
383, 982
390, 712
408,410
449, 120

7,542
6,567
6, 623
6. 055
6, 087
5, 102
5, 155
5, 545
6,184

102
83
102

542, 042
444,298
453,812

7, 494
6,196
6, 086

i Adjusted for seasonal variations.




Rayon

Wholesale
Looms
price,
woolen Delivand
worsted eries to
mills
Nar- Wide goods
row

Spinning
spindles
WholeConsale
sumpprice,
cotton
tion 2 Wool- Worgoods
en
sted

Thousands of
yards

Silk

Wool manufactures

Cotton cloth,
finishing
Spindle acthiiy, Plain
total bleacii- Print
goods
ed

Monthly average,
1923-25 =
100
1929: September
1930: September _
1931: September— ..
1932: September
1933: September
1934:
September. > .
October
November
._
December
1935:
January.
February
March
April
May
June
July
Aucust
September
M o n t nly average,
J a n u a r v through
September:
1933
1934
1935..

Cotton manufactures

WholeDeliveries
sale
Spin- price, from mills
ning
raw,
spin- Japandles 3 ese, 13- Un- Adad15 (New just- justYork)
ed i
ed
Percent
Monthof
Dollars
ly av- Bales of
Daily
per
133
active
erage,
average,
pounds hours pound 1923-25=100
1926=
to total
100

98.4
78.6
61.5
57. 9
91. 3

49, 755
38, 083
47, 548
46, 055
50, 467

77
55
63
70
82

70
60
70
74
69

63
41
44
36
48

64
46
63
65
73

86.7
75.9
65.7
56.7
82.7

90, 772
126, 384
114,139
107, 379

87.8
86.6
84 4
84.3

23, 467
34, 065
44, 858
57, 065

43
63
66
71

20
35
48
65

17
34
29
26

27
45
48
63

78.0
74.8
74.1
74.0

32, 599
49, 106
37, 548
40, 941

145, 390
137, 335
148,710
144.429
130, 281
90. 496
89, 164
94, 521
93,013

120, 203
117,780
122, 548
104, 597
100, 265
70, 381
61,842
77,913
86,748

84.1
83.3
82.4
81.8
82.7
82.5
82.0
82.5
83.3

58, 370
51, 616
65, 006
62, 066
70, 617
80, 428
66, 648
74, 781
80, 283

85
92
81
76
83
89
94
103
97

74
71
61
63
71
72
67
67
67

28
31
29
27
28
25
24
31
33

81
88
82
73
76
77
78
85
78

73.8
73.6
73.1
73.1
73.5
75.6
76.4
76.4
76.9

47, 443
41, 732
44, 347
39, 757
38, 361
33, 728
44, 166
41,715
45, 156

126,562
119,260

100,947
95,831

65. 5
87.1
82.7

43, 506
29, 996
67,758 !

76
67
89

66
36
68

42
31
28

69 !
54
80

5.122
2.413
2.315
1.805
1.889

337
304
335
478
433

286
249
262
355
313

28.0
43.2
44.4
46.8

1.125
1.185
1.292
1.358

308
382
386
488

221
357
429
574

55.0
52.2
45.8
40.5

1.348
1.432
1.327
1.391
1.418
1. 376
1.447
1. 705
1.868

553
441
295
274
417
381
433
550
583

565
387
279
264
439
477
570
513
419

1.044
1.290
1.479

392
331
436

402
333
435

53, 274
55,649
53, 819
59, 694
31, 185

64. I 42, 125
81.6 37, 123
74.7 ! 41,823

* Grease equivalent; see note on p. 58.

* Twisting spindles.

16

SURVEY OF CURRENT BUSINESS

November 1935

The National Income Produced, 1929-34
By Robert R. Nathan, Chief, Income Section, Division of Economic Research

the national income paid out for
ESTIMATES of to 1934, inclusive, were presented
the years 1929
in the August 1935 issue of the Survey of Current
Business. Since the publication of these estimates on
income paid out, requisite basic data have become
available making possible the completion of estimates
5ILLIONS OF DOLLARS

901

~

v

INCOME PAID OUT

Chart I.—Trend of national income paid out and produced

of the national income produced as well as permitting
necessary revisions in the income paid out figures.1
In analyzing changes in the nature and extent of
economic activities through the medium of the national
income estimates, it is important to give consideration
to income produced as well as to income paid out and
also to the residual item of business savings and losses.
Definition of Terms
The national income produced represents the aggregate value of all commodities produced and services
rendered, less the value of raw materials depleted and
capital equipment worn out in the processes of production. More briefly it may be defined as the net product of the national economy. Income paid out may be
defined as the compensation paid to or received by
individuals for their productive services, whether labor,
management, or the furnishing of capital. If payments by all business enterprises to all individuals for
their services (national income paid out) are less than
the aggregate net product of the nation (national income produced), then the business enterprises of the
country have retained a portion of the net product.
This portion is termed business savings. If, however,
the national income produced is less than the national
income paid out, then the business enterprises of the
nation have maintained the income payments by
i The figures presented in this article represent the latest estimates of the Department of Commerce and are those which will be presented in the complete volume on
national income to be published in the near future. The revisions in the estimates
of income paid out made since preliminary data were published in the August
issue, were due to the receipt of data on all corporate operations in 1933 and new
data received on rental income and on the motor-trucking industry. In compiling
the estimates in the August issue, it was necessary to use sample corporate data for

both 1933 and 1934; current estimates use sample data only for 1934.


drafts upon business resources. These drafts are
termed business losses. Income paid out and business
savings or losses are estimated directly, whereas income
produced is arrived at by adding business savings to or
deducting business losses from income paid out. 2
As defined in this study, business savings or business
losses represent the difference between the total national income produced and the total national income
paid out and should not be confused with the ordinary
conception of business profits or deficits, with changes
in the surplus accounts of business establishments, nor
with variations in the national wealth. Business
profits are usually considered as the amount available
for dividends and entrepreneurial withdrawals whereas
business savings or losses are herein regarded as the
residual after the payment of dividends and the withdrawals of entrepreneurs. Insofar as surplus is concerned, there are many factors other than the volume
of business savings or losses which effect changes in the
surplus accounts of business enterprises. The revaluation of capital assets, profits from the sale of capital
assets, corporate reorganizations, and the capitalization of surplus are some of the more important ways in
which changes in surplus can be brought about other
than by the transfer of business savings or losses to
surplus. Statistics of business savings and losses shed
but little light upon changes in the wealth of the nation. Fluctuations in the general price level and in
the volume of savings of individuals are perhaps two
of the most important factors causing changes in the
dollar volume of the national wealth. Business savings
or losses are significant, however, in reflecting the extent to which business enterprises retain a portion of
the net product during periods of prosperity and also
the extent to which they maintain payments during
periods of depressions by drawing upon existing resources.
Income Produced Up 23 Percent from 1932 to 1934
From the depression low in 1932, national income
produced increased 9 billion dollars, or 23 percent, to
a total of 48.6 billion dollars in 1934. From 1933 to
1934, the increase in income produced was 6.7 billion
dollars, or 16 percent, as compared with a gain of 5.2
billion dollars, or 12 percent, in the national income
paid out. As a result of the larger gain in income
produced relative to income paid out, business losses
declined by nearly 50 percent from 1933 to 1934.
The draft upon business resources necessary to maintain income payments in the form of wages, salaries,
2
For a more comprehensive discussion of these concepts and of the scope and
limitations of the estimates, the reader should refer to ''National Income, 1929-32",
Senate Document No. 124, 73d Cong., 2d sess., and to the forthcoming publication
on this subject by the Department of Commerce.

dividends, interest, entrepreneurial withdrawals, and
rents had reached the huge total of 8.8 billion dollars
in 1932. By 1934 these business losses were reduced
to 1.6 billion dollars.
Table 1.. -National Income Paid Out and Produced
[Millions of dollars]

1929

1931

1932

1933

1934

67, 917

53, 584

39, 545

41, 889

48, 561

2,402 -5, 015
78, 632 72, 932

Income produced
liusine^s s&vings
Income paid out

1930

81, 034

Item

S 120
61, 704

8 817 -3,051
48, 362 44, 940

1 628
50, 189

Percentages of 1929
Income produced
.
Business savings
Income paid out
Bureau of Labor Statistics cost
of living index.
_.
Bureau of Labor S t a t i s t i c s
wholesale price index
..

100.0

83.8

66.1

48.8

51.7

59.9

100.0

92.8

78.5

61.5

57.1

63.8

100.0

97.9

89.5

80.8

76.2

78.7

100.0

90.7

76.6

68.0

69.2

78.6

Table 1 shows the latest Department of Commerce
estimates for each of these items for the years 1929 to
1934, inclusive. In 1929, the first year covered by the
estimates, income produced totaled 81 billion dollars
and exceeded the income paid out aggregate by 2.4
billion dollars. In 1930, the 13.1 billion dollar decline
in the national income produced was more than twice
as large as the drop of 5.7 billion dollars in income paid
out and as a result business enterprises sustained
estimated net losses of 5 billion dollars in that year.
The decline in income produced in 1931 was 3.1 billion
dollars larger than the decline in income paid out and
business losses rose to 8.1 billion dollars. In 1932, the
drop in the total income produced was slightly in
excess of the decrease in the total income paid out and
estimated business losses reached the peak of 8.8
billion dollars. The increase in income produced in
1933, while income paid out was continuing to decline,
led to a 5.8 billion dollar decrease in business losses in
that year.
Substantial Fluctuations in Real Income Produced
While these estimates of the national income present
striking evidence of the impact of the depression upon
our economic structure, it must be recognized that the
national income is measured in terms of dollars, and
the price level is an important influence in determining
the movement of the estimates. While income produced was declining 51 percent from 1929 to 1932, the
Bureau of Labor Statistics index of wholesale prices
fell 32 percent. During the next 2 years income
produced rose 23 percent while the wholesale price
index increased 16 percent. Since income produced
represents the net value of services rendered as well as
commodities produced and since the wholesale price
index represents only commodities, it cannot be used
to deflate the income estimates. It is apparent,
however, that the fluctuations in the national income
were more than mere price phenomena and that there
was a substantial reduction from 1929 to 1932 and an
increase from 1932 to 1934 in the volume of goods

25765—35


17

SURVEY OF CUEEENT BUSINESS

November 1935

3

produced and services rendered in the United States.
The marked decline and subsequent rise in the total
number of persons employed and commodities produced during this period tend to substantiate this
conclusion.
Largest Relative Improvement in Agriculture
As shown in table 2, the effect of the depression upon
the various industries of the country was by no means
uniform. The declines in income produced in private
industries from 1929 to the low for the depression
varied from 30 percent in the electric light and power
and manufactured gas industry to 82 percent in the
construction industry. The gains from the depression
lows to 1934 were also highly variable. From 1932 to
1934 agriculture showed a gain in income produced
of 91 percent, mining registered an increase of 78
percent, and manufacturing showed a rise of 74 percent. Income produced in the agricultural industry
increased from 33 percent of the 1929 level in 1932 to
62 percent in 1934. The construction industry was
the major exception to the tendency for those industries
which had shown the largest declines to record the
largest subsequent gains. Income produced in the
construction industry in 1934, although higher than in
1933, was less than one-fourth as large as in 1929. For
all governmental agencies, including those providing
work relief, the level of income payments to individuals increased in each year subsequent to 1929. From
1929 to 1934 the gain was 23 percent with work-relief
programs included, and 3 percent when they are
excluded.
Table 2.—Income Produced, by Industrial Divisions
[Millions of dollars]
Item
Total income produced

1929

1930

1931

1932

1933

81, 034 67, 917 53, 584 39, 545 41, 889

7,159 5,555
Agriculture
Mining
1,894 1,307
Electric light and power and gas
1, 295 1,197
Manufacturing
19, 308 14, 072
Construction
3,225 2,756
Transportation
7,216 6,206
994
Communication
_
. _
1,023
Trade
10, 955 9,131
Finance
8,219 7,113
Government including work relief
program..
_ ___
6,805 7,043
Government excluding work relief
program
6,805 7,043
Work relief program
_„
Service
9, 207 8,459
Miscellaneous
..
4,728 4,084

3,601
701
1,125
9,526
1,742
5,007
906
7,372
5,702

2,335
474
985
5,623
670
3, 760
744
5,254
4,360

1934
48, 561

3,300
522
907
7,797
595
3,746
656
5,772
3,677

4,451
842
924
9,791
729
3,999
688
6,340
3,859

7,189

7,148

7,360

8,381

7,189

7,148

7,198
3,515

5,379
2,813

6,741
619
4,957
2,601

6,992
1,389
5,802
2,755

Percentages of 1929
Total income produced
Agriculture
Mining
Electric light and power and gas
M anuf actur ing
Construction
Transportation
Communication Trade
Finance
Government including work relief
program
_ _ _ _ _ __
_
Government excluding work relief
program
W ork relief program
Service
Miscellaneous

100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0

83.8
77.6
69.0
92.4
72.9
85.5
86.0
97.2
83.4
86.5

66.1
50.3
37.0
86.9
49.3
54.0
69.4
88.6
67.3
69.4

48.8
32.6
25.0
76.1
29.1
20.8
52.1
72.7
48.0
53.0

51.7
46.1
27.6
70.0
40.4
18.4
51.9
64.0
52.7
44.7

59.9
62.2
44.5
71.4
50.7
22.6
55.4
67.3
57.9
47.0

100.0

103.5

105.6

105.0

108.2

123.2

100.0

103.5

105.6

105.0

99.1

102.7

100.0
100.0

91.9
86.4

78.2
74.3

58.4
59.5

53.8
55.0

63.0
58.3

18

SURVEY OF CURRENT BUSINESS

Relative Importance of Each Industry Varies Considerably

As a result of the variations in the trends for the
different industries, the proportion of the national income produced in each industrial division fluctuated
widely from year to year. (See table 3 and chart II.)
As a result of the marked gains in 1933 and 1934,
agriculture's relative share in the national total was

November 1935

produced in 1929 and only 1.4 percent in 1933 and 1.5
percent in 1934. The proportion accounted for by all
governmental agencies in the country rose from 8
percent in 1929 to 18 percent in 1932, in which year
it was larger than that of any other industry. Government's proportion declined in 1933 and 1934, even
with the inclusion of the various work-relief programs.
Excluding the work-relief programs, the relative importance of Government dropped from 18 percent in
1932 to 14 percent in 1934. It is apparent from chart
II that the changes from 1932 to 1934 generally tended
to bring the industries closer to the relative status of
the predepression period.
Table 3.—Percent of Income Produced by Industrial Divisions

1929

1929

1930

1931

I93Z

1933

1934

LIGHT AND POWER, MAHUFJCrU/?££> G/IS, AM£) COMMU

Chart II.—Distribution of income produced by industrial divisions

higher in 1934 than in any of the other years covered.
The relative shares of the mining and manufacturing
industries fell off considerably from 1929 to 1932 and
recovered substantially in the following 2 years.
Manufacturing accounted for almost one-fourth of
the total in 1929, less than one-seventh in 1932, and
approximately one-fifth in 1934. The construction
industry contributed 4 percent of the national income




1932

1933

1934

Total income produced

INCLUDES fifCr/f/C

1931

100.0

100. 0

100.0

100.0

100.0

100.0

Agriculture
Mining
__ . ..- __ _ _
Electric light and power and gas
Manufacturing
Construction
__ _
Transportation
Communication
Trade
Finance
Government
__ ._
_
Service
Miscellaneous
_ _ _ __

10

1930

8 8
2.3
1.6
23.8
4.0
8.9
1.3
13 5
10.2
8.4
11.4
5.8

8 2
1.9
1.8
20.7
4.1
91
1.5
13 4
10.5
10.4
12.4
6.0

6 7
1.3
2.1
17.8
3.3
9.3
1.7
13.8
10.6
13.4
13.4
6.6

59
1.2
2.5
14.2
1.7
9 5
1.9
13 3
11.0
18.1
13.6
7.1

7 9
1.2
2.2
18.6
1.4
89
1.6
13 8
8.8
17.6
11.8
6.2

9 2
1.7
1.9
20.2
1.5
8.2
1.4
13 1
7. 9
17.3
11.9
5.7

The Department of Commerce will publish in the
near future a volume presenting the national-income
estimates for the 6 years, 1929 to 1934, inclusive, in
detail, showing the classifications of income produced
and income paid out by industrial divisions and types
of payments as well as estimates of the number of
persons engaged and the per capita incomes. This
report will also point out the limitations of the data.
The classifications will be comparable to those developed in " National Income, 1929-32 ", Senate Document
No. 124, Seventy-third Congress, second session,
which was prepared by the Department of Commerce
with the cooperation of the National Bureau of Economic Research. The forthcoming volume will include
a discussion of the concepts and scope of the income
estimates and detailed descriptions of the sources of
data and of the methods of making the estimates.

19

SURVEY OF CURRENT BUSINESS

November 1935

FATS AND OILS l
[Revised statistics for 1934]
Animal fats

Fac-

Quarter
ended

Stocks,

Produc-

tory

con-

sumption

Edible gelatin

end of
quar-

tion

ter

Lard compounds and
substitutes

Greases

FacPro- Stocks, tory Pro- Stocks,
duc- end of con- duc- end of
tion quar- sump- tion quarter
ter
tion

Fish oils

Total vegetable oils

Stocks end of
Facquarter
tory
ProPro- Stocks, conducend of
con- ducquar- sump- tion quar- sump- tion
tion (crude) Crude Reter
ter
tion
fined
(crude)

Fac-

Stocks,

Produc-

tory

end of

tion

Thousands of pounds
Mar. 31, 1934...
June 30, 1934____
Sept. 30, 1934...
Dec. 31, 1934....
Total

177,945
190,694
228,894
217,565

591,929
545,304
465,267
498,950

416,370
444,845
382,725

4,886
3,585

418, <

815,0982,101,449

Quarterly aver-

203,774

age

64,977
64,740
61,044
49,311

9,561
8,908
6,556
7,817

1,570
5,2'

15,320

Quarter ended

sumption

74,697
65,439
45,000
47, 392

Total

1

58,132

26, 095

Factory
consumption

Stocks, end of
quarter

Production

40,422

817,028
643,136
474, 268
805,456

158, 302
161,178
189,144
242,402

684, 972

Oil mills

Crude

Refined,
total

Crude

Refined

Crude

sumption

Refined

Factory

con-

178,386
178,468
113,731
124,734

95,032
84,291
56,716
61, 238

312,002

297, 277

74,319

173,749

79,430

14,807
39,886
37,381
34,277

31, 588

317,719

78,001

sumption

Stocks,

end of

252, 221
262,430
402,364
358,668

Thousands of pounds

4,759

63,519
78,167
61.678
55,120

2,051
1,421
1,368
1,851

1,673

97,452
98,026
85,038
90,253
370,769

64,621

19,034

318,921

ter

258,484

5,156
5,017
4,293
4,569

1,275,683

Stocks
Produc- at factory end
tion
of quar-

quarter

Thousands of
bushels

192,807
174,503
174,924
152,761

76,143
97,301
63,617
80,658

148,830

29,140

78,292
72,048
67,375
94, 288

595,319

49,190
35,386
16,772
15,210

Con-

sumption

Thousands of pounds

882,568
805,062
525,101
594,847

Linseed oil

Factory

end of

705,386
521,906
523,974
557, 756

537, 553 577,256 701,895

Flaxseed

con-

quarter

639,16'
365,427
415,279
730,339

2,739,888 2,150,212
187,757

56,3

Cottonseed oil

Stocks

232,528

Quarterly average..

301,083

38,439 36,160
43,144 8,240
33,565 75,784
46, 539 105,361
161,687 225,546

Coconut or copra oil

Short tons

Mar. 31, 1934
June 30, 1934
Sept. 30, 1934
Dec. 31, 1934

26,597
25,133
24,962
27,690

1,204,331

60,018

8,211

Copra

con-

244,159
227, 558
371,246
361,368

84,118
74,617
69,540
73,900

240,072 350, 675

525,362 415,712

Factory

89,217
90,125
82,066
89,268

92,692

160, 770
128,406
109,361
113,721

128,065

Compiled by the U. S. Department of Commerce, Bureau of the Census, and represent the usual annual revision for the periods shown.

DAIRY PRODUCTS 1
[Revised statistics for 1934 and 1935]
[Thousands of pounds]
Production
Cheese
Creamery
butter

Month

Con-

AmeriTotal

Apparent consumption

can,

whole
milk

densed
milk,
sweetened

Evaporated
milk,
unsweetened

1934
January
February
March
April

.

May

June
July
August
September
October.. ._.
November
December., .

..
_

119, 775

_

127, 476
136, 482
177, 980
185, 396
174, 943
165, 190
143, 761

43, 175
44, 020
53, 266
58, 406
74, 485
80, 770
74, 012
62, 577
56, 937

112, 577
105, 930

Total
Monthly average
1

._
.

. . .
_.

1934

Cheese

1935

1934

42, 890
37, 771

24, 573
24, 867
30, 915
36, 546
48, 858
55, 610
51, 126
45, 211
37, 983
33, 987
24, 824
20, 991

16, 416
13, 941
17, 270
19, 361
24, 434
25, 883
20. 375
22, 010
18, 116
18, 157
15, 202
14, 931

97, 752
97, 669
127, 279
148, 674
189, 096
208, 978
192, 643
173, 260
146, 883
134, 189
101, 183
93, 964

1, 694. 708

682, 317

435, 491

226, 096

1,711,570

1, 758, 672

56, 860

36, 291

18, 841

142, 631

146, 556

1935

615, 048

141, 226

51, 254

111,381

_.

Butter

133,817

54,008

154, 931

150,398
148, 838
139, 937
162, 606

142,396
136,
153,
139,
147,
142,
139,

322
450
206
877
755
956

134, 872
114, 954

118,843
139, 465
154, 367

138,811
133,372
150, 704

51, 295
50, 514
53, 831
49, 410
62, 189
49, 260
48, 910
50, 802
48, 526
59, 802
48, 867
41, 642

56, 793
46, 928
48, 606
55, 145

61,215

56, 641
52, 153
53, 889

Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics, and represents the usual annual revision of data previously shown in the Surrey
of Current Business. In addition to the series given above, monthly figures are available from the Department of Agriculture on unsweetened condensed milk until December 1934. Data on this product were included in the 193? Annual, Supplement under the title " Evaporated Milk (unsweetened) bulk goods." These figures are published
once, each year, by months, in the annual report of the U. S. Department of Agriculture, entitled "Manufactured Dairy Products."




20

SURVEY OF CURRENT BUSINESS

November 1935

PAINTS, VARNISH, AND LACQUER PRODUCTS 1
[Thousands of dollars]
Total, sales 579 establishments

Unclassified, sales 235 establishments

Month
1932

1928

January
February
March
April
May
June _
July
August
September
October
November
December

._

. _ --

_

._
_

.

_.

Total _
Monthly average

-

1932

1933

1934

1935

29, 195
30, 751
37, 198
38, 157
45, 202
41, 673
33, 423
38, 146
34, 890
35, 996
29, 871
26, 013

« _

1931

30, 824
30, 846
39, 751
43, 042
46, 201
41, 362
38, 007
42, 072
36, 485
35, 889
28, 149
22, 189

26, 617
28, 364
32, 796
38, 460
37,007
36, 477
29, 244
27, 917
28, 149
26, 554
19, 896
16, 672

20, 311
20, 895
26, 743
31,851
33, 384
28, 571
22, 589
21, 303
21,925
20, 727
16, 479
13, 477

15, 889
16, 263
19, 080
22, 602
24, 973
19, 625
14, 376
15, 975
16, 751
15, 537
12, 424
9,426

11, 199
11, 565
13, 473
18, 915
26, 030
27, 602
21, 879
20, 372
18, 904
18, 614
15, 937
15,814

20, 141
17, 288
22, 627
27, 117
32, 991
28, 154
22, 943
23, 771
21,715
23, 652
19, 801
16, 006

20, 936
21, 332
26, 676
33, 025
36, 344
32, 510
29, 145
28, 699

434, 817

348, 153

278, 255

202, 921

220, 304

35, 043

_

1930

420, 514

_

-_ .

1929

36, 235

29, 013

23, 188

16, 910

18, 359

1933

1935

1934

3,501
3,370
4,292
5,655
8,249
8,331
6,845
6,209
5,897
6,289
4,715
5,239

276, 206

68, 591

90, 085

23, 017

5,716

6,249
6,080
8,258
10, 730
11, 909
10,391
9,520
9,484

6,656
5,392
7,017
8, 681
10, 820
9,210
7,032
7,690
7,538
8,270
6,577
5,201
7,507

6,205
4,524
5,206
5,554
4,930
3,628
2,697

1
Compiled by the U. S. Department of Commerce, Bureau of the Census, and represent a revision of the statistics shown previously in the Survey of Current Business
for total and unclassified sales of paints, varnishes, and lacquer products. The reason for the revision was the elimination of data of 7 establishments engaged exlcusively
in the manufacture of pigments, the sale of which were previously included in the "unclassified" group. The inclusion of this item represented duplication, since the pigments were used later in the manufacture of paint and reported as such. The number of establishments included in the report has been reduced from 586 to 579 for the
"total" and from 242 to 235 for the "unclassified." No revisions have been made in the "classified" group.

CARLOT SHIPMENTS OF FRUITS AND
VEGETABLES, 1934'

AVERAGE YIELD ON U. S. BONDS
[Percent per annum]

[Revised statistics for 1934]
Month

[Number of carloads]

January
February
March
April
May
June
July
August
September
October
November
December

Citrus
fruit

6,791
4,671
4,365
2,261
1,395
776
1,180
1,903
10, 509
17, 441
7,725
5,740

14, 772
11,814
16, 116
13, 241
12, 459
10, 131
8,128
7,099
5,854
7,480
13, 772
14, 714

2,642
2,145
2,019
2,957
3,054
2,896
1,338
2,407
3,727
3,626
2,151
1,933

21, 924
17, 323
23, 839
19, 887
21,611
25, 744
17, 832
11,537
14, 846
21, 959
14, 922
12, 188

64, 757

135, 580

30, 895

223, 612

5,396

11, 298

2,575

18, 634

-_
_

_ _

_

Total

January
February
March _. _
April
May
June
July
August
September
October
November
December

White
Onions potatoes

Apples

Month

- - --

Monthly average

1919

Monthly average

__

.

1921

1922

1923

1925

1924

4 57
4 62
4.62
4 60
4 55
4.58
4 62
4.66
4.61
4 60
4.69
4.77

4 93
5 05
5.09
5 28
5 58
5.53
5 57
5.67
5.44
5 08
5 21
5.40

5 23
5 28
5.27
5 24
5 25
5.27
5 26
5.22
5.12
4 83
4 64
4.47

4 45
4 50
4 42
4 28
4 26
4.24
4 14
4. 12
4. 19
4 30
4 36
4.35

4 32
4 33
4 38
4 39
4 37
4.34
4 34
4 35
4.36
4 40
4 37
4.35

4 30
4 28
4 28
4 23
4 15
3 98
3 94
3 91
3.92
3 87
3 90
3.96

3 96
3 95
3 96
3 93
3 87
3.79
3 79
3 85
3.85
3 82
3 79
3.80

4.62

_.

_ _

1920

5.32

5.09

4.30

4.36

4 06

3.86

i Computed by the U. S. Treasury Department, Division of Research and Statistics, and
supplement the data on the same subject published in the Survey of Current Business for
August 1934 (p. 20) for the period January 1926-May 1934. For a brief description of the
series see that issue. A more detailed description will be found in the Federal Reserve
Bulletin for June 1934 (p. 322).

i Compiled by the U. S. Department of Agriculture, Bureau of Agricultural Economics, and represent the usual annual revision of these
series for the periods shown.

COTTONSEED AND COTTONSEED PRODUCTSl
[Revised statistics for cotton year 1934-35]
Cottonseed oil
Cottonseed cake and
meal

Cottonseed
Year and month

Consumption
(crush)

Stocks at
Receipts mills, end
at mills of month

Production

Stocks at
mills, end
of month

Production

Short tons

August
September
October

.

December

1934

...

1935

February
April
May
June
July

-

Refined

Crude
Stocks,
end of
month

Production

Thousands of pounds

198, 193
438, 856
601, 940
529, 307
415, 670

274, 207
958, 925
1, 015, 200
534, 923
308, 993

298, 775
818, 844
1, 232, 104
1, 237, 720
1, 131, 043

89, 980
194, 801
270, 137
244, 515
189, 057

94, 595
168, 611
258, 923
298, 699
325, 123

59, 534
133, 756
184, 489
165, 085
128, 785

38, 261
74, 462
97, 575
102, 309
97, 469

50,069
79, 472
155, 023
149, 746
132, 325

540, 912
450, 605
462, 769
487, 906
513, 106

402, 115
337, 731
260, 964
129, 372
102, 266
68, 175
65, 302

127, 905
61, 236
40, 090
18,886
22, 435
24, 467
30, 868

856, 833
580, 238
359, 364
248, 878
169, 047
125, 339
89, 575

183, 204
156, 047
118,496
61, 704
46, 959
30, 313
29, 132

340, 763
348, 254
309, 460
263, 899
242, 204
223, 893
198, 367

124, 398
108, 169
84, 258
43, 525
33, 194
22, 617
20, 772

102, 045
103, 499
96, 657
61, 725
47, 589
35, 036
28, 263

111,890
102, 962
97, 237
73, 380
52, Oil
37, 063
26, 066

516,803
530, 014
557, 623
576, 783
540, 864
513, 358
444, 833

i Compiled by the 17. <S. Department of Commerce, Bureau of the Census, and represent the usual annual revision of the data for the periods shown.




Stocks,
end of
month

21

SURVEY OF CUREENT BUSINESS

November 1935

WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
ITEM

1935
1934
1933
Oct. Oct. Oct. Oct. Sept. Sept Oct. Oct. Oct. Oct.
5
12
28 21 27 20 28
21
26
19

Business activity:
New York Times*
Business Week*^
Commodity prices, whole-

91.2 89.5 88.8 88.5 86.0 87.9 75.3 76.0 75.6 76.6
67.0 66.8 67.1 66.8 64.5 67.1 57.4 57.6 60.8 60.7

Dept.ofLabor,1926=100:
Combined index (784) . 80.3 80.7 80.7 80.5 81.0 81.0 76.2 76.2
Farm products (67) .. 78.6 79.5 80.1 79.5 80.9 81.3 70.8 70.9
Food (122)
84.8 85.6 85.7 85.3 86.6 86.2 75.4 74.9
78.4 78.4 78.2 78.3 78.2 78.2 78.0 77.9
All other (595)
Fisher's Index, 1926 = 100:
Combined index (120) . 85.3 85.5 85.8 85.6 85.5 85.2 78.8 79.0
65.2 65.2 64.5 63.8 63.8 60.9 63.8 63.8
Copper, electrolytic!
Cotton, middling, spot__ 41.5 41.5 41.2 41.9 39.7 40.4 46.0 46.0
Construction contracts
53.5 41.1
41.9 65.5 28.4 33.1
awarded!
Distribution: Carloadings. 73.8 76.4 76.6 73.7 65.8 73.8 65.2 66.8
Employment: Detroit, fac50.2
93.7
82.7
tory
Finance:
59.5 55.0 45.0 50.9 50.1 45.2 55.3 52.6
Failures, commercial
Security prices:
Bond pricest
- 107.3 106.8 107.0 107.2 107.7 107.7 104.6 104.3
113.3 110.8 107.8 107.4 108.7 109.5 84.5 85.2
Stock prices!
Banking:
Debits outside N. Y.
84.3 97.5 76.3 93.4 75.8 85.5 68.7 86.3
04

70.9
55.6
64.2
77.1

70.4
54.2
63.7
77.0

71.6 71.5
54.3 54.3
36.4 34.6
35.8 35.8
67.0 68.5
37.3
71.3 69.3
93.4 94.2
81.6 78.2
63.6 81.4

*Computed normal=lpO.
fWeekly average, 1928-30= 100.
!Daily average.
^Latest week is preliminary. ASee footnote on following table.

1935
1934
1933
Oct. Oct. Oct. Oct. Sept Sept Oct. Oct. Oct. Oct.
28 21 27 20 28 21
26 19
12
5

ITEM

Finance — Continued .
Banking— Continued.
Federal Reserve reporting member
banks :§
Deposits:
Net demandA
Time
Loans, total
Interest rates:
Call loans!
Time loans!
Money in circulation!-

166.0 165.5 165.3 164.8 165.8 163.0 135.2 133.7 104.9 105.0
125.8 124.7 124.4 123.8 123.3 123.3 125.3 124.9 123.5 123.6
67.1 67.5 67.5 68.0 67.2 66.8 70.2 70.3 78.3 79.3
6.1 6.1 6.1 6.1 6.1 6.1 24.2 24.2 18.2 18.2
5.7 5.7 5.7 5.7 5.7 5.7 20.1 20.1 17.1 17.1
117.4 117.6 117.6 117.3 116.3 116.3 112.3 112.9 115.9 116.7

Production:
81.3 58.2 41.5 32.5 21.0 16.5 40.7 45.8 33.1 39.5
Automobiles
79.0 78.9 80.2 67.2 16.4 75.3 70.2 69.5 73.8 70.3
Bituminous coal!
113.8 111.8 112.1 111.9 111.5 111.2 100.7 100.1 97.4 97.2
Electric powerf
Lumber
. _ _ _ 52.9 53.4 54.7 54.5 54.2 52.7 31.7 34.3 34.1 35.9
134.3 133.6 133.6 130.6 132.6 133.2 112.1 114.3 113.2 116.7
Petroleum ..
69.7 68.4 68.4 69.7 68.4 67.1 34.2 32.9 38.2 44.7
Steel ingots^
Receipts, primary markets:
Cattle and calves
Hogs
_ - Cotton. _
Wheat

120.6 128.3 113.8 103.8 98.9 113.5 127.0
43.9 34.9 26.1 28.4 27.1 24.6 69.7
293.5 282.7 286.5 229.2 243.8 186. 2 173.5
67.1 86.3 74.6 102.1 112.1 153.4 32.0

134.3 100.8 110.0
68.8 54.8 47.4
162.3 219.6 247.7
37.0 40.9 39.9

§1933-35 indexes are based on reports from 91 cities, earlier data cover 101 cities.
• Data do not cover calendar periods in all cases.

WEEKLY BUSINESS STATISTICS
19 35
ITEM

October
26

October
19

October
12

October
5

September 28

19 34
Septem- October October
ber 21
20
27

COMMODITY PEICES, WHOLESALE
0 090
Copper electrolytic, New York
dol. per Ib
0 090
0 089
0 088
0 088
0 084
.113
Cotton, middling, spot, New York
dol. per lb_.
.113
.112
.114
.108
.110
2.74
Food index (Bradstreet's).
_dol. per lb_.
2.74
2.76
2.77
2.77
2.73
32 85
32.83
32.84
Iron and steel composite
_
_> _dol. per ton-32.86
32.83
32.83
1.14
Wheat, No. 2, Hard Winter (K. C.)
dol. per bu_.
1.23
1.22
1.16
1.17
1.18
Banking:
FINANCE
Debits, New York City
mills, of dol _
3,833
3,344
3,064
3,907
4,460
3,105
3,914
Debits, outside of New York City
mills, of dol_.
3,770
3,537
4,332
3,518
3,966
Federal Reserve banks:
2 472
2 470
2 478
2 472
Reserve bank credit total
mills, of dol
2 474
2 496
5
5
5
5
5
5
Bills bought
mills, of dol
9
7
Bills discounted
mills, of dol
10
10
10
10
2,430
U. S. Government securities
mills, of dol._
2,430
2, 430
2,430
2,430
2,430
Member bank reserve balances
mills, of doL.
5,575
5, 534
5,224
5,330
5,236
5,136
2,930
Excess reserves, estimated.mills, of dol
2,910
2,720
2,620
2,560
2,600
Federal Reserve reporting member banks:
16, 431
16, 332
Deposits, net demand *
mills, of dol _
16, 356
16, 387
16, 376
16, 308
4,500
4,451
4 408
Deposits time
mills, of dol
4 460
4 430
4,410
11, 528
11, 540
11,614
11,619
Investments, total
mills, of dol
11, 466
11, 524
7,533
7,597
7,633
7,660
U. S. Government securities
mills, of dol._
7,525
7,588
7,453
7,512
Loans, total...
mills, of dol..
7,501
7,503
7,465
7,556
2,918
2,924
2,952
On securities
.mills, of dol
2,986
2,946
2,910
All other
mills, of dol
4,535
4 579
4 591
4 566
4 513
4 570
.25
.25
.25
.25
.25
.25
Interest rates, call loans
.percent-.25
.25
.25
.25
Interest rates, time loans
percent-.25
.25
Exchange rates:
6,592
6.589
6.591
French franc (daily av.) _. .
cents6.588
6.590
6.586
4.91
4.92
4.93
Pound sterling (daily av.)
dollars-4.91
4.90
4.90
242
224
204
184
Failures, commercial
number
183
207
5,699
5 711
5 710
5,646
IVIoney in circulation
mills, of dol
5 696
5,645
Security markets:
73, 570
62, 220
Bond sales (N. Y. S. E.)
thous. of dol. par value-48, 860
47, 050
71, 839
61, 750
96.09
96.41
96.44
95 79
95 98
Bond prices, 40 corporate issues
dollars
95 67
14, 275
6 93X)
9 579
Stock sales (N Y S E)
thous of shares
10 460
8 471
5 844
111.07
104. 66
105. 57
Stock prices (N .Y. Times)
dol. per share
104. 28
106. 36
107. 59
89.1
85.9
Stock prices (Standard Statistics)
-.1926=100 .
83.8
81.3
84.5
86.7
103.1
98.7
93.9
97.1
Industrial (351)
___ 1926= 100
96.8
100.3
80.2
77.2
80.9
81.9
84.6
81.9
Public utilities (37)...
1926=100..
33.2
Railroad (33)
.
..
... 1926 =100.
35.7
34.9
33.5
36.1
37.6
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
62, 015
15, 994
12, 600
Automobiles (Cram's estimate).
.number. _
44, 416
31, 643
24, 770
1,282
1,345
1,365
1,145
1,279
Bituminous coal (daily av.)_. .thous. of short tons..
1,344
1,852
1,863
1,896
1,863
1,867
1,857
Electric power
..mills, of kw.-hr._
2,775
2,798
2,782
2,763
Petroleum
thous. of bbl
2,783
2,720
52
52
53
51
Steel ingots (Dow- Jones' estimate) .pet. of capacity..
»53
*52
10, 524
Construction-contract awards (da. av.) thous. of dol
8,594
6,599
6,730
Distribution:
Freight-car loadings, total
cars.. 707,826 732, 947 734, 274 706, 877 630, 771 707, 644
•IOK QCQ
139, 805
69, 674
145, 862
136, 342
156, 191
Coal and coke
cars
32, 404
31, 999
32, 450
33, 058
31, 376
Forest products
cars.. 30, 675
42, 552
39, 196
37, 451
36, 118
37, 014
37, 523
Grain and products.
cars _
18, 499
21, 289
22, 963
22, 730
18, 299
Livestock
cars
19, 581
166, 630
166, 189
168, 750
167, 228
166, 488
165, 999
Merchandise, 1. c. 1
-.
cars
32, 532
33, 395
33, 609
36, 310
32, 307
31, 461
Ore
_
.cars
Miscellaneous
cars . 285, 378 297, 833 287, 404 279, 287 270, 315 270, 790
Receipts:
312
359
405
328
381
360
Cattle and calves
thousands
160
169
165
285
227
185
Hogs
thousands. _
484
745
634
763
735
596
Cotton into sight
thous of bales
12, 203
8,916
6,869
8, 126
5,338
5, 933
Wheat, at primary markets
thous. of b u _ _
j> Preliminary.
Banking Act of 1935 " approved
A
Digitized are notMethod of computing net demand deposits subject to reserve was changed by the'
for FRASER
comparable with those for earlier periods.
• Data do not cover calender periods in all cases.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

19 33

October
28

October
21

1933
October
29

0 088
.125
2.37
32.12
1.01

0 088
.125
2.38
32.09
1.04

0.075
.099
1.89
30.42
.85

0 075
.094
1.88
30.58
.75

0 054
.064
1.67
28.79
.43

2,628
3,187

2,707
3,336

3,067
2,951

2,972
3,145

2,743
2,587

2 452
6
11
2,430
3,985
1,733

2 457
6
12
2,430
3,996
1,762

2,526
115
2,400
2,693
847

2 513
7
113
2,375
2,655
815

2 221
34
322
1,851
2,412
537

13, 402
4,478
10, 016
6,654
7,834
3,074
4 760
1.00
.88

13, 386
4,463
10, 007
6,650
7,847
3,083
4,764
1.00
.88

10, 685
4,472
7,924
4,956
8,543
3,584
4,959
.75
.75

10, 700
4,476
7,949
4,984
8,643
3,673
4,970
.75
.75

10, 799
4,676
7,992
5,002
9,074
3,822
5 252
1.00
.83

6.605
4.94
225
5,455

6.643
4.94
214
5,484

5.776
4.70
290
5,627

5.606
4.54
282
5,665

3.930
3.30
550
5,608

67, 940
93.67
3,991
82.02
68.2
77.4
63.1
37.0

67, 870
93.37
3,263
82.73
68.2
77.5
63.2
35.9

49, 800
83.68
9,828
79.28
68.5
74.4
74.2
39.3

56,200
84.37
13, 738
75.95
64.6
69.8
72.2
36.4

38,200
79.18
3,780
56.09
48.2
45.9
78.4
26.8

31, 030
1,195
1,677
2,336
26
4,564

36, 973
1,192
1,668
2,380
25
5,311

25, 234
1,257
1,662
2,358
29
5,741

30, 119
1,197
1,619
2,435
34
5,750

11, 117
1,246
1,533
2,097
20
4,622

624, 808
124, 696
21, 923
32, 164
25, 543
161, 704
14, 655
244, 123

640, 727
131,813
23, 345
31, 292
27, 392
163,400
16, 685
246, 800

642,423
138, 790
24, 174
30, 157
22, 146
171, 733
19, 917
235, 506

657,005
186, 623
24, 510
28, 590
23, 716
173, 531
28, 600
241, 435

617, 284
133, 460
18, 862
31, 962
23, 615
177, 218
5,984
226, 183

425
447
422
2,941

318
356
571
3,252

348
308
644
3,177

287
411
686
5,154

401
453
451
2,542

Aug. 23,1935. Consequently figures since that date

22

SURVEY OF CURRENT BUSINESS

November 1935

Monthly Business Statistics
The following summary shows the trend of industrial, commercial, and financial statistics for the past 13
months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Note, however, that many revisions have occurred since the last Annual Supplement was published. A special
supplement was included in the April 1935 issue, pages 57 to 72, inclusive. This supplement gave
the monthly averages of all current series for the years 1932, 1933, and 193*.
Data subsequent to September will be found in the Weekly Supplement to the Survey.
1934
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey Septem- Septem- October Novem- Decem- January Februber
ber
ber
ary
ber

1935
March

April

May

June

July

August

BUSINESS INDEXES
BUSINESS ACTIVITY (Annalist)!
Combined index!
normal =100.Automobile production t
normal = 100..
Boot and shoe production!— normal =100- _
Carloadings, freight
normal=100—
Cement production
normal=100
Cotton consumption
normal — 100
Electric power production.. .normal = 100..
Lumber production t
normal=100—
Pig-iron production
normal=100__
Silk consumption
normal=100._
Steel ingot production!
normal=100._
Wool consumption!
normal=100._
Zinc production
normal = 100-

83.9
46.8
111.7
62.5
43 0
87 4
105.5
80.8
61.8
74.5
77.0
69.5

66.5
53.1
92.5
59.1
46 8
58 5
92.4
61.0
31.2
54.4
34.7
29.2
53.7

70.5
51.4
89.0
57.6
40 8
92 2
92.5
58.1
31.8
75.5
36.6
64.6
66.2

71.5
46.4
99.2
68.9
42 3
86 0
93.6
54.8
33.3
60.8
43.4
93.9
68.0

«77.4
89.0
110.7
63.1
43 9
84 3
97.8
55.2
37.2
74.0
58.0
100.7
67.3

83.6
104.3
124.2
66.2
37 9
97 0
98.5
56.3
52.3
67.1
70.0
126.8
64.6

83.3
100.7
116.2
67.3
39 8
90 1
99.3
63.9
58.1
68.2
69.3
101.0
65.9

81.6
102.1
116.8
66.8
43 1
82 5
98.8
60.0
54.4
70.1
62.3
102.7
64.6

80.6
98.7
117.1
63.4
47.6
78 9
98.7
61.6
50.9
68.3
58.8
129.7
67.2

79.3
75.8
116.5
61.5
49 4
81 7
99.3
45.8
51.5
66.7
58.6
154.4
65.0

79.5
83.6
101.2
63.1
52.1
74 8
102.2
52.5
49.3
61.8
57.1
125.3
70.6

«80.7
83.5
<* 113. 1
58.4
45 9
80 7
a 103. 5

64.1
50.0
64.0
58.3
140 0
71.9

«82.7
«66. 1
a 106. 9

60.8
40 4
70 -i
o 106. 0
73.9
57.8
64.9
72.9
13Q 7
71.3

INDUSTRIAL PRODUCTION (F. R. B.)
Total, unadjusted...
1923-25= 100. _
74
89
86
73
75
88
91
87
78
91
^89
83
86
Manufactures, unadjusted... 1923-25= 100..
91
84
70
73
73
91
76
87
91
87
83
*8S
86
141
Automobiles t
1923-25 = 100. .
114
26
86
56
37
48
111
130
108
29
100
. 69
50
25
27
a f;7
Cement
1935-25-100
63
53
47
34
35
71
65
63
59
Food products
1923-25=100..
122
76
73
110
108
90
79
103
75
78
74
81
74
Glass, plate
1923-25=100205
179
85
87
79
155
169
165
105
199
168
181
169
74
72
37
40
84
Iron and steelt— -- 1923-25 =100- .
45
66
77
81
57
83
64
79
102
110
111
Leather and shoesf
1923-25 =100..
93
88
99
111
104
89
99
«106
P 115
a 114
Lumber..
—
1923-25=100..
30
25
29
33
26
29
Paper and printing
1923-25=100—
Petroleum refining
1923-25 = 100—
153
152
154
156
156
151
160
155
153
166
167
169
Rubber tires and tubes
1923-25=100..
110
102
103
76
92
96
73
80
106
95
Shipbuilding
1923-25=100..
12
12
48
88
14
19
133
69
71
27
22
51
92
100
Textiles
1923-25=100.. ~~~Vio6~
91
92
105
63
108
101
100
95
97
99
Tobacco manufactures
1923-25 = 100. .
121
124
127
136
139
129
128
128
115
152
150
143
139
Minerals, unadjusted
1923-25=100..
92
84
79
87
85
91
90
88
87
97
84
*91
85
Anthracite
1923-25= 100..
72
82
72
62
68
65
71
45
71
85
51
36
*>6o
Bituminous coal
.1923-25= 100. _
82
51
71
73
85
60
68
76
87
71
50
61
«57
11
Iron ore shipments
1923-25= 100..
60
85
102
80
105
109
52
Lead
1923-25=100..
52
58
67
60
49
56
67
62
56
57
66
57
Petroleum, crude
1923-25=100..
132
120
129
130
125
123
120
126
130
137
» 139
136
« 136
Silver
-1923-25=100..
54
70
49
34
39
38
50
55
50
62
68
46
59
Zinc
1923-25—100
79
78
73
77
76
75
78
58
73
74
76
76
79
Total, adjusted
1923-25=100..
75
89
86
71
74
86
88
91
85
86
*88
« 87
86
M anufactures, adjusted
1923-25 = 1 00. _
72
88
86
74
90
69
85
86
84
86
*>88
84
87
41
104
40
103
110
51
88
106
Automobiles!
1923-25=10086
64
95
52
100
Cement
1923 25=10042
45
46
48
61
52
45
47
50
55
47
a 44
58
Food products
1923-25=100..
81
102
102
107
91
80
74
120
77
78
78
74
76
Glass, plate..
1923-25=100..
174
166
84
87
83
140
183
185
169
155
179
167
162
Iron and steel!
1923-25=10041
49
80
69
80
72
67
84
38
65
66
81
66
Leather and shoes!
1923-25=100 .
92
104
107
108
107
88
85
113
113
"100
108
103
103
Lumber
1923-25=100
29
29
32
26
30
33
Paper and printing
1923-25—100 .
Petroleum refining
1923-25=100..
155
152
155
154
151
153
153
153
160
169
168
166
79
Rubber tires and tubes
1923-25=100
107
101
82
115
88
79
133
75
93
Shipbuilding
1923-25=100..
14
68
18
27
91
56
133
17
89
35
15
21
Textiles
1923-25=100.. "~Vl06
102
87
100
98
104
63
89
97
103
98
105
100
Tobacco manufactures
1923-25= 100..
140
129
125
133
138
134
125
143
136
130
130
120
138
Minerals, adjusted
1923-25=100..
81
96
84
^86
82
81
94
90
87
89
97
81
98
Anthracite
1923-25=100..
36
62
64
72
62
P65
76
67
54
69
71
63
97
Bituminous coal
1923-25=100..
65
72
81
58
P57
64
65
74
60
69
55
87
79
Iron ore shipments
1923-25=100
54
14
44
53
50
35
53
Lead
1923-25=100..
60
59
59
65
63
65
48
50
68
56
60
55
55
Petroleum, crude
1923-25 =100
121
132
131
« 133
134
-121
"123
132
122
131
130
*135
133
Silver.
1923-25=100..
59
53
65
51
73
71
36
39
35
50
50
49
47
Zinc
1923-25=100..
82
74
74
73
83
77
61
76
71
73
80
75
79
a
Revised.
» Preliminary.
t Revised series, refer to the indicated pages of the monthly issues for revisions; Annalist indexes complete, annually 1920-28, monthly January 1929-Pecember 1932,
October 1933, p. 19; Annalist Indexes, combined, automobile and steel ingot production for 1933, August 1934, p. 22; Annalist indexes, boot and shoe production for 1934,
April 1935. p. 22; Annalist indexes, combined, automobile production and wool consumption revised for 1934, July 1935, p. 22; Annalist indexes, lumber production for 1934,
p. 22 of the September 1935 issue; Federal Reserve Board indexes, leather and shoe production, January 1919-Oetober 1933, January 1934, p. 19; automobile and steel production for 1933, September 1934, p. 22.
'•
: f
' •




SURVEY OF CURRENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary
ber
ber

23
1935

March

April

May

^une

July

August

BUSINESS INDEXES—Continued
MARKETINGS
Agricultural products* (quantity)
1923-25=100..
Animal products
1923-25=100..
Dairy products
1923-25=100..
Livestock
1923-25=100..
Poultry and eggs
1923-25=100..
Wool
1923-25=100..
Crops
1923-25=100.
Cotton
1923-25=100..
Fruits
1923-25=100,.
Grains
1923-25=100..
Vegetables
1923-25=100.
Agricultural products, cash income received
from marketings of:*t
Crops and livestock:
Unadjusted.
1924-29= 100. _
Adjusted
1924-29=100
Crops, adjusted
1924-29 = 100. .
Livestock and products, adjusted
1924-29=100..
Dairy products, ad justed.. 1924-29= 100. _
Meat animals, adjusted.... 1924-29= 100. _
Poultry and eggs, adjusted. 1924-29 =100..

104
77
100
72
65
180
133
192
85
107
73

105
102
100
116
63
105
107
160
81
69
82

114
100
102
111
70
91
129
210
104
58
108

89
93
86
91
105
81
84
134
74
38
76

73
84
78
81
102
36
62
86
66
33
64

59
74
88
75
66
34
43
42
67
23
78

50
60
77
56
63
18
39
31
69
22
83

54
66
76
57
91
35
41
34
67
24
86

57
75
89
61
111
54
39
19
82
27
90

63
82
116
61
117
130
44
22
89
33
94

61
81
144
52
98
315
40
19
69
31
103

70
86
145
58
81
510
53
32
88
59
68

78
76
109
65
63
286
80
63
85
109
45

75.0
63 5
55.0

73.5
« 62 5
62.0

82.0
58 0
52.5

64.0
55 5
45.5

56.0
56 0
52.5

53.0
54 5
46.0

47.5
57.5
49.0

51.0
60 0
64.0

55.5
69.0
66.5

57.0
64.0
57.0

52.0
60.0
54.5

53.5
60 5
54.5

"64.5
°62 5
054.5

72.0
74.0
69.5
77.5

«63.0
71.5
56.5
62.0

64.0
72.5
56.0
65.0

66.5
75.0
56.5
77.5

59.5
73.5
49.5
63.5

64.0
77.5
58.5
61.0

66.0
80.5
59.5
65.5

66.0
75.0
63.5
66.0

72.0
81.5
67.5
74.0

71.5
77.5
67.5
78.0

66.5
73.0
59.5
77.5

67.0
71.5
61.5
77.5

°70.5
°71. 0
«73.0
68.0

127
106
119
87
114
107
79
148
63
114
161
94
141
99
136
96
186

154
109
121
103
117
93
79
150
91
113
161
119
187
109
217
107
217

160
108
117
100
117
94
79
155
86
113
150
120
198
122
208
113
254

161
107
114
100
117
96
81
160
71
113
152
123
200
121
202
107
269

159
106
116
100
118
95
79
163
48
113
160
117
198
116
207
93
263

143
105
115
86
118
95
83
163
66
113
162
118
170
107
162
87
239

134
105
122
80
117
96
80
161
71
113
162
115
155
98
140
90
226

126
103
122
75
116
96
80
156
67
113
158
117
142
92
125
93
208

119
101
117
69
114
98
81
151
60
113
157
119
132
87
114
90
195

113
102
116
72
113
101
80
149
62
114
162
121
121
84
99
95
179

110
105
117
83
113
102
79
155
63
114
168
127
114
81
93
101
168

»250
i»368
221
373
234
267
146
74
228

*236
»361
191
363
210
273
153
79
211

*>229
*363
174
354
200
294
148
72
190

»229
370
171
352
186
295
145
66
196

p224
342
163
358
208
291
140
71
190

»222
*344
150
361
215
310
142
94
171

p224
P362
162
361
205
306
153
93
161

*224
»350
151
«363
211
320
162
80
162

P221
*369
158
"356
201
295
155
80
166

»215
*366
148
•375
211
275
151
69
163

p206
?375
136
°391
177
259
147
63
172

STOCKS
D omestic stocks
_ 1923-25 = 100
Manufactured goods
.1923-25=100
Chemicals and allied pro d_ 1923-25= 100. _
Food products
1923-25=100. _
Forest products
1923-25= 100. .
Iron and steel products
1923-25=100..
Leather
— .1923-25=100
Metals nonferrous
1923-25=100
Paper, newsprint
1923-25= 100. _
Ru b ber products
1923-25 = 100. _
Stone, clay, and glass
-1923-25= 100. _
Textiles
1923-25 = 100. _
Raw materials
1923-25=100..
Chemicals and allied prod. 1923-25=100..
Foodstuils
- .1923-25=100..
Metals
— .1923-25=100
Textile materials
1923-25 = 100. _
World stocks— foodstuffs and raw materials:
Total t
1923-25=100
Coifee— adj. for seasonal . _ .1923-25= 100. _
Cotton—adj. for seasonal— 1923-25=100..
Rubber— adj. for seasonal! .1923-25= 100. _
Silk— ad j for seasonal
1923-25=100
Sugar— adj. for seasonal f... 1923-25= 100. _
Tea—adj. for seasonal
1923-25=100..
Tin— unadjusted
1923-25=100..
Wheat—adj. for seasonal _ _ 1923-25 =100

v 346
159
371
136
57

0

110
107
•117
90
114
101
79
159
72
113
170
a 107

113
a 78
102
90
155

oll5
°106
«114
89
113
105
78
155
70
112
165
103
«121
79
o!20
°92
157
*360
147
-384
179
139
64
174

COMMODITY PRICES
COST OF LIVING (N. I. C. B.)
Total, all groups
Clothing
Food
Fuel and light
Housing..
Sundries

83.5
74.3
84 8

84 7
72.1
93.1

81.0
77.6
79.9
87 4
66.0
92.4

80.9
77.5
79.1
87 5
66.4
92.8

80.8
77.4
78.8
87 6
66.6
92.8

80.8
77.3
78.4
87.5
66.8
93.0

81.6
76.9
81.1
87.1
66.9
93.0

82.4
76.3
83.5
87.1
67.4
03.0

82.4
76.0
83.3
87.1
67.9
93.0

83.2
75.4
85.4
86.0
68.7
93.0

82.9
75.0
85.1
83.9
69.6
92.5

82.7
74.5
84.2
83.7
69.9
92.7

82.6
74.4
83.3
83.7
70.5
93.1

83.0
74.2
83.7
84.0
71.5
93.1

107
126
90
102
82
97
131
101
96

103
104
110
99
93
112
82
133
126

102
108
107
99
98
109
74
110
137

101
125
107
105
94
109
72
107
123

101
119
109
107
85
116
73
130
113

107
114
108
112
87
115
96
117
111

111
119
108
121
90
114
105
188
101

108
97
102
114
90
111
117
162
92

111
105
103
117
105
115
117
156
92

108
110
105
107
98
112
118
127
89

104
108
103
99
100
102
119
96
86

102
107
102
97
98
96
116
93
85

106
111
97
98
87
96
129
92
102

1913=100..
1913=100..

124

165
117

166
116

165
115

165
114

164
119

165
122

164
122

158
124

148
124

147
123

150
122

153
122

1930=100..

86.6

87.7

87.4

87.4

87.2

86.8

86.6

86.3

86.3

86.1

85.7

85.2

85.7

1923=100..
1923=100..
1923=100
1923=100
1923=100..
1923=100..

FARM PRICES (Dept. of Agri.)§t
Total, all groups
1909-14=100
Chickens and eggs
_ _ 1909-14=100
Cotton and cottonseed
.1909-14=100..
Dairy products..
1909-14= 100..
Fruits
_
..1909-14=100-.
Grains
1909-14=100..
Meat animals
._ 1909-14 =100..
Truck crops
1909-14=100..
Miscellaneous
1909-14=100
RETAIL PRICES
Department of Labor indexes:
Coal«_...
_
Food#
Fairchild's index:*
Combined index
Dec.
Apparel:
Infants' wear
Dec.
Men's...
Dec.
Women's
Dec.
Home furnishings
Dec.
Piece goods
Dec.

93.2
93.5
93.8
93.5
93.4
93.4
93.6
93.9
93.9
94.4
94.3
93.4
94.0
87.2
87.1
87.4
87.1
87.3
87.4
87.4
87.3
87.4
87.3
87.2
87.7
87.7
88.1
87.9
88.4
87.7
87.8
87.9
87.7
88.1
87.8
88.8
89.5
88.8
89.8
87.8
88.2
87.7
88.1
87.8
88.2
88.2
87.9
88.6
89.2
88.5
88.9
88.9
84.8
84.6
84.6
84.3
85.1
84.8
86.0
85.8
85.8
86.1
86.3
84.9
87.6
Preliminary.
»Revised.
• New Series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products, p. 19 of the December 1932 issue, Fairchfld price index and
pp. 19 and 20 of the March 1933 issue, marketings.
$ Data for October 15, 1935: Total 109, chickens and eggs 132, cotton and cottonseed 94, dairy products 104, fruits 82, grains 101, meat animals 125, truck crops 120, mis-

1930=100..
1930=100..
1930=100..
1930=100..
1930=100..

t index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. World stocks—revised total, rubber adjusted and sugar
adjusted indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from January 1933June 1935. For revisions see p. 19 of the Sept. 1935 issue.
• The data on retail prices of food until Aug. 15, 1933, were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The
monthly figures for months subsequent to August 1933 represent the figure nearest to the 15th of the month.
• Monthly retail prices of coal was discontinued with the month of August 1935. In the future the price will be shown quarterly.




24

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ary
ber
ber
ber

November 1935
1935

March

April

June

May

July

August

COMMODITY PRICES—Continued
WHOLESALE PRICES
Department of Labor index:
Combined index (784)
1926=100..
Economic classes:
Finished products
1926=100..
Raw materials...1926= 100..
Semimanufactures
1926= 100..
Farm products
- 1926=100—
Grains
1926=100..
Livestock and poultry
.1926=100.Foods
1926=100
Da'rv products
1926=100
Fruits and vegetables
1926 = 100- .
Meats
..1926=100
Other products,
1926=100—
Building materials
. 1926=100..
Brick and tile
1926—100
Cement
- - 1926=100
Lumber
1926=100
Chemicals and drugs
1926=100..
Chemicals
1926=100
Drugs and pharmaceuticalsl926= 100...
Fertilizer materials
1926 = 100..
Fuel and lighting
1926=100
Electricity
.1926=100..
Gas
. — 1926=100
Petroleum products
1926 = 100..
Hides 5and leather...
1926=100..
Boot * and shoes
1926 — 100
Hides and skins
1926=100
Leather
1926=100
House-furnishing goods
1926 = 100. .
Furniture
1926 = 100..
Furnishings
..
1926=100
Metals and metal products. 1926= 100.Iron and steel
1926—100
Metals, nonferrous_ 1926=100
Plumbing and heating equipment
1926=100
Textile products.—
__ 1926=100
Clothing
1926=100
Cotton goods
. 1926=100
Knit goods
1926-100
Silk and rayon
.
1926=100
Woolens and worsted
1926=100..
Miscellaneous
1926—100
Auto tires and tubes
1926=100
Paper and pulp
1926=100
Other wholesale price indexes:
Bradstreet's (96) _.
_
. 1926=100
Dun's (300)—
1926=100
World prices, foodstuffs and raw materials:*
Combined index
1923-25=100
Coffee
1923-25-100
Copper
1923-25=100
Cotton
1923-25=100
Rubber
1923-25=100
Silk
1923-25=100
Sugar
1923-25=100
Tea
.- 1923-25=100
Tin. .
1923-25=100
Wheat
1923-25=100
Wholesale prices, actual. (See under respective commodities.)

80.7

77.6

76.5

76.5

76.9

78.8

79.6

79.4

80.1

80.2

79.8

79.4

80.5

83.1
77.3
74.4
79.5
83.5
92.0
86. 1
76 0
60.0
102.9
77.8
85.9
88 8
94 9
82.1
80.2
86 9
73.8
67.2
73.0
50.6
90.9
98 3
83.8
83 0
80.5
76.9
84 0
86.6
86 8
68.6

80.1
73.9
71.8
73 4
88.1
64.1
76 1
76 2
66.0
76 6
78.3
85.6
91 3
93 9
82 3
76.5
80 3
72.7
66.4
74 6
95.2
99 3
51.3
84.1
97 9
60.4
70 6
81.8
78.8
84 8
86.6
86 5
68 4

79.2
72.1
71.5
70 6
85.0
55.3
74 8
77 1
67.6
70 0
78.0
85.2
91 2
93 9
82 0
77.1
81 1
73.5
65.7
74 6
94,5
96 9
50.4
83.8
97 7
59 7
70 5
81.7
79-0
84 4
86.3
86 2
68 1

79.3
72.2
71. 1
70 8
87.2
54.0
75 1
78 6
65.3
68 4
78.0
85.0
91 2
93 9
81 2
76.9
80 9
73.5
64.6
74 4
94.0
92 4
50.5
84.2
qy 3
63 1
70 8
81.3
78.4
84 3
86.2
86 0
67 7

79.5
73.1
71.0
72 0
91.5
57.2
75 3
79 6
62.4
69 0
78.0
85. 1
91 2
93 9
81 2
77.8
82 2
73.4
65.3
73 7
93.1
89 3
49.8
85.1
97 9
67 4
71 8
81.2
78.2
84 2
85.9
85 6
67 5

80.8
76.6
71.2
77 6
88.8
73.3
79 9
83 5
62.8
81 6
77.7
84.9
91 1
93 9
79 9
79.3
84 5
73.1
66.5
72 9
89.9
87 6
48.8
86.2
97 1
71 1
74 3
81.2
78.2
84 3
85.8
85 7
67 6

81.5
77.4
71.7
79 1
87.4
78.4
82 7
87 0
63.6
87 9
77.4
85.0
90 6
93 9
80 5
80.4
86 5
73.1
66.2
72 5
90.3
87 7
48.7
86.0
97 2
69 6
74 6
80'.7
77.2
84 1
85^8
86 1
67 2

81.7
76.6
71.8
78 3
82.8
85.8
81 9
82 9
63.2
91 6
77.3
84.9
90 °
94 4
79 9
81.5
88 1
73.0
66.3
73 0
88.3
88 6
49.8
85.4
97 2
66 6
74 2
80.7
77.3
84 1
85.7
86 0
67 1

82.3
77.5
72.3
80 4
87.9
85.9
84 5
84 9
67.3
94 3
77.2
84.6
89 7
94 9
79 9
81.0
87 2
73.8
66.0
72 8
87.8
88 0
61.0
86.3
97 2
71 2
74 9
80.7
77.1
84 2
85.9
86 0
68 2

82.4
77.6
73.5
80 6
83.2
87.6
84 1
77 7
66.3
97 0
77.6
84.8
89 3
94 9
79 8
81.2
87 5
74.2
65.9
73 1
88.7
92 0
52.2
88.3
97 2
76 1
79 6
80.6
77.1
84 1
86.6
86 6
69 2

82.2
76.4
73.9
78 3
76.9
84.8
82 8
74 6
68.7
94 5
78.0
85.3
89 2
94 9
81 6
80.7
86 3
74.3
65.7
74 2
90.2
95 2
53.2
88.9
97 3
78 0
80 5
80.5
77.1
83 9
86.9
87 1
69 1

82.0
75.8
72.8
77 1
78.3
82.8
82 1
74 0
65.1
93.3
78.0
85.2
89 1
94 9
81.7
78.7
84 6
74.0
65.7
74.7
87.8
94 0
52.9
89.3
97 8
79.8
80 2
80.4
76.8
84.0
86.4
87 0
66.1

83.0
77.1
73.2
79 3
79.3
91.6
84 9
75 7
60.5
102 0
77.9
85.4
89 0
94 9
82 0
78.6
84 3
73.8
66.8
74 1
86.7
91 8
52.4
89.6
98 3
80.4
80 2
80.5
77.0
84 0
86.6
87 1
66 9

71.1
71.8
80 8
83.2
61 6
32.9
76.9
67 1
45.0
79.7

71 6
71 1
79 7
87 8
69 9
24 3
78.0
70 2
44 7
82 4

68 1
70.3
79 1
86 6
60 5
24 g
74.8
69 7
44 7
82 4

68 8
69 7
78 4
84 4
61 0
25 8
74.1
70 6
47 5
82 1

68 8
70 0
78 4
84 3
61 9
27 1
74.0
71 0
47 5
81 5

68 0
70 3
78 4
84 1
63 5
28 6
73.8
70 7
47 5
81 5

67 1
70 1
78 5
83 3
63 6
28 1
73.6
70 1
47 5
80 9

67 2
69 4
78 5
82 4
62 5
27 3
73.1
69 2
46 6
80 6

67 1
69 2
78 6
81 8
61 6
27 6
73.1
68 7
46 3
80 4

67 1
69 4
78 5
82 7
60 4
27 6
73.5
68 7
45 0
80 0

66 2
70 1
80 7
82*5
59 5
27 2
75.6
68 4
45 0
79 7

68 8
70.2
80 7
82 0
59 9
27 9
76 4
67 7
45 0
79.7

71 1
70.9
80 5
82 5
60 2
31 0
76.4
67 3
45 0
79.7

78.8
94. 1

73 2
90 2

71 8
89 1

71 9
90 2

73 5
91 8

75 7
93 7

76 8
93 7

74 8
91 4

75 8
93 4

76 7
92 4

76 2
90.7

76.8
90.9

77.5
90.6

1
8
5
2
0
7
4
2
4
5

48 3
55 9
63 5
46 0
32 7
16 6
49 9
66 6
101 3
48 8

48 2
54 9
63 5
46 3
30 5
18 0
50 9
64 5
101 9
48 3

48 9
55 4
63 5
46 7
30 3
19 0
51 1
61 3
101 2
51 4

47 9
64 4
63 5
46 7
30 7
18 8
47 4
61 4
101 2
49 8

47
60
63
46
30
20
49
62
99
48

6
9
6
3
1
0
6
1
4
3

46 8
46 0
63 5
42 3
26 8
18 5
53 1
61 7
93 3
51 0

48
43
63
43
26
19
58
65
99
60

5
0
5
2
1
8
4
3
7
4

48 5
41 0
62 4
43 8
29 3
19 2
60 3
61 0
101 6
50 2

48.5
40 5
56.3
44.9
28 3
20.2
58 6
65. 1
104.0
51.2

48.8
40 0
57.7
42.3
28.0
23.8
59.6
66.3
100.3
a
54.7

129 7
128 2
142.7
125 6

131 6
129 5
144.1
125 8

131 6
130 4
145.6
125 9

130 9
131 1
145.6
125 9

127 7
126 4
137.4
124 7

126 6
122 9
132.6
123 6

126 9
123 2
136.1
123 6

126 8
120 8
132.5
122 4

125 6
120 8
136.1
122 9

126 3
121 8
141.4
123 2

126 9
123.2
144.1
123.3

125 2
122.5
138.7
122.7

50.3
42.5
61.5
39.7
26.9
26.1
64.8
77.1
97.6
58 0

50
56
63
48
36
15
49
64
102
54

2
5
5
0
9
4
4
8
7
9

49
42
63
45
28
19
59
65
101
53

PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
Retail food prices
Farm prices t
Cost of living

1923-25=100
1923-25=100
..1923-25=100..
1923-25=100

124 8
120.9
137.4
122.0

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F. R. B.: J
a 40
24
42
Total, unadjusted
1923-25=100
22
39
29
32
30
25
35
30
28
26
H
U
a 24
Residential
1923-25=100
26
25
12
22
25
26
10
13
10
16
Total, adjusted
__ 1923-25 =100..
42
35
« 38
29
30
31
27
27
31
27
26
31
28
H
H
21
Residential
. 1923-25=100
a 24
26
25
12
12
12
18
24
14
16
F. W. Dodge Corporation (37 States) :*
Total, all types:
Projects
number
9 978
10 655
7 663
10 012
10 930
10 499
6 135
8 929
10 570
10 450
7 503
5 770
6 458
Valuation
thous. of dol._ 167, 376 110, 151 135, 225 111,692 92, 685 99, 774
168, 557
75, 047 122, 941 124', 020 126, 720 148, 005 159, 250
Nonresidential buildings: f
Projects .
number
2,778
3 325
2,786
3 534
2 526
3 307
2 695
2 169
3 177
3 059
2 349
3 103
3 388
8,602
Floor space
..thous. of sq. ft_.
7,514
9, 632
8,288
7,875
4,934
7,774
9,073
9,075
7,255
5^622
6,994
4,985
Valuation
thous. of dol.. 49, 420
42, 309
56, 969
58, 489
50, 433
59, 036
43, 686
39, 440
41, 328
28, 067
32, 958
30, 613
44, 477
• Revised.
* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World prices, p. 20, September 1932; Purchasing
Power of the Dollar (except for farm prices), p. 18, August 1933.
t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issueo
Farm prices (purchasing power) are on p. 20 of the April 1935 issue.
* A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. i9 of the August
1934 issue and for 1934 on p. 19 of the Oct. 1935 issue.
J Indexes are based on 3-month moving average of F. W. Dodge data centered at second month.




SURVEY OF CURRENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey Septem- Septem- October Novem- Decem- January] ™J*
ber
ber
ber
ber

25
1935

March

April

May

June

July

August

CONSTRUCTION AND REAL, ESTATE—Continued
CONSTRUCTION CONTRACTS
AWARDED— Continued
F. W. Dodge Corporation (37 States)— Con.
Public utilities :#
Projects
number
176
Valuation
thous. of doL. 12, 493
Public works:#
1,422
Projects
number
Valuation
thous. of dol._ 63, 653
Residential buildings:
5, f>02
Projects
number. _
Floor space
-thous. of sq. ft.. 12, 152
Valuation
-thous. of dol.. 41,811
Engineering construction :K
Total contracts awarded (E. N. R.)
thous. of dol— 114, 840

196
6,510

289
12, 642

252
8,496

165
12, 911

156
8,707

122
3,885

161
6,475

158
7,319

132
5,419

138
9,146

199
13, 828

182
4,422

1,313
43, 479

1,918
52, 598

1,210
43, 847

945
37, 156

876
35, 699

700
23, 933

933
39, 779

926
33, 170

923
25, 967

1,087
29, 991

1,050
40, 083

1,358
65, 118

3,368
4,845
17, 854

4,271
7, 015
26, 300

3,346
5,314
19, 910

2,491
4,048
14, 551

2,900
5,528
22, 410

2,964
4,569
16, 617

4 732
8,809
32, 209

6,098
11, 925
42,203

6,267
13, 136
44,902

6,166
13, 702
49, 833

6,356
13, 115
48, 372

5,808
11,753
40, 528

94,439

90, 501

134, 148

101, 419

148, 264

68,089

90, 958

116,972

122,827

110, 161

86,873

158, 057

4,600
3,491

5,082
3,760

3,619
3,101

6,301
4,336

3,271
2,356

2,331
1,683

2,541
1,978

1,706
826

2,250
1,111

2,129
1,508

3,303
2,381

3,052
2,395

2,886
38,824

2.845
43, 654

2,892
46, 851

3,320
58, 065

3,367
57,573

3 561
59, 385

3 193
51, 509

2 643
40, 622

1,889
33, 480

1,427
26, 004

876
20, 048

559
14, 221

203, 027
183,915
7,123
8,831

179, 453
160, 775
6, 093
7,879

156, 599
139, 017
5,399
7,280

147.807
131, 388
4,714
6,911

145, 639
130, 660
4,146
6,836

155, 448
140, 060
4,031
7,166

170, 756
154, 988
4,103
7,916

187, 675
171, 294
4,093
8,804

191, 522
175, 478
4,110
9,121

185, 044
168,816
3,815
8,530

170, 846
155, 739
3,261
7,881

149, 047
136, 399
2,334
6,386

174

157
182

158
181

158
181

158
180

158
180

158
179

158
178

158
178

158
178

157
177

157
175

157
175

195.1

200.6

200.9

201.4

201.9

198.7

196.0

194.3

194.5

194.1

195.2

195.1

177

177

16, 642
14,470

16,244
15 972

18, 236
16, 723

20, 114
16, 940

23,896
17, 736

23, 431
18, 055

25,082
15 455

24, 943
17 943

23, 268
17 441

21, 238
17, 441

18, 500
17, 249

19, 294
15, 835

18, 137
14, 964

90,432

86, 647

87, 446

87, 714

87, 258

82,585

77, 142

72, 616

74, Oil

75, 836

79, 234

80, 877

86, 025

39, 317

35, 675 213,913

13, 413
41, 570

°14, 623
«44, 775

HIGHWAY CONSTRUCTION
Concrete-pavement contract awards:
Total
thous. of sq. yd..
4,663
Roads only
thous. of sq. yd.. 3,766
Highways:
Approved for construction (N. L R. A.):*
402
Mileage
- .number of miles ._
Public works funds allotted.thous. of doL. 11, 984
Under construction (lY. 1. R. A.):*
Estimated total cost
thous. of dol__ 126,211
Public works funds allotted.thous. of doL . 114, 867
Federal aid funds allotted. thous. of dol_.
2,020
Mileage
..
...number of miles. _ 5,031
CONSTRUCTION COSTS
Building costs—all types (American Appraisal Co.)*
1913 = 100
Building costs— all types (A. <?.C.)-1913 = 10Q_.
Building costs—all types (E. N. jf?.)§
1913=100Building costs— factory (Aberthaw)
1914=100.-

177

177

194.8
177

MISCELLANEOUS DATA
Fire losses, United States
thous. of dol._
Foreclosures** _ _
_
number
Real estate:
Home loan bank, loans outstanding*
thous. of doL.
Rome Owners' Loan Corp.:*
Applications received _
number..
Loans closed:
Number __
Amount
thous. of doL.

15, 779
50,883

59, 240
179, 300

65,813
201,212

54, 468
170, 545

2,914 «140, 585
54, 036
169, 019

54, 990
166, 836

36 542
104, 920

23 140
70, 6^4

13 807
39,475

13, 593
41, 236

13, 142
40,558

DOMESTIC TRADE
ADVERTISING
Printer's Ink indexes (adjusted for seasonal
variation) :*
79 g
74.9
Combined index
—.1928-32=100—
76.3
72.9
74.0
75.6
78.2
74.5
74.7
81 2
78.8
78 9
79 3
52. 1
Farm papers
1928-32=100
53 6
56. 1
53 7
45 5
63 9
69 8
65 £
51 8
48 6
64 6
58 8
57 7
Magazines
_
_ 1928-32= 100. .
75.2
77.9
74.4
78.1
73.4
77.8
77.7
78.8
80.1
78.4
77.1
81.8
80.9
Newspapers1928-32=100—
75.5
72.1
75.4
75.3
71.8
73.5
73.2
77.2
77.0
76.1
78.6
80 4
78 7
Outdoor
1928-32=10049.1
39.1
48.2
49.5
52.8
48.2
45.5
53. £
57.7
60.1
56.4
57.9
55.7
145.4
176.9
Radio
1928-32=100—
184.5
178.1
181.5
188.2
182. i
189.5
186.3
179.6
182.1
168.1
169.8
Radio broadcasting:
4,527
4,363
4,451
Cost of facilities, total
-.thous. of dol—
2,561
3,250
4,646
4,412
4,822
3,448
3,119
2,90(
3,979
4,289
222
544
299
380
244
Automolive
thous. of dol__
215
408
363
275
312
18(
398
333
969
1,497
1,460
1,513
Drugs and toilet goods
thous. of dol—
1,096
1,610
1,552
1,097
96'
1,607
1,196
1,298
1,450
Foods
thous. of dol_.
911
1,259
1,279
1,218
700
87(
1, 303
897
1,197
1,300
912
1,139
1,079
313
Petroleum products..
thous. of doL.
193
325
289
318
273
30;
311
272
216
281
282
262
302
184
Tobacco manufactures
thous. of doL.
46
319
321
316
is;
188
293
306
284
280
336
All other*
.thous. of doL.
500
430
720
633
38'
671
730
413
791
929
518
809
680
Magazine advertising:
8, 852
8,008
10, 852
8,938
10, 653
12, 142
7,07^
Cost, total...
thous. of dol—
6,530
11, 973
11, 004
7,798
9,646
12, 754
362
829
1 016
965
755
Automotive
thous of dol
1 462
855
1 641
1 678
1,502
2,382
1,992
1,819
1,452
Drugs and toilet goods, thous. of dol
2,503
2 598
2 185
2 436
1,636
Foods
thous. of dol—
1,366
1,823
2,071
1,072
1,733
1,636
1,827
1,680
213
229
163
Petroleura products _ thous of dol
180
103
329
228
158
368
548
503
Tobacco manufactures
thous. of dol
433
539
621
406
532
489
581
3,479
All other*
.
thous. of doL.
5,095
4,978
4,400
2,668
5,331
5,862
3,771
6,010
1,812
2,264
1,49
1,827
2,317
2,136
1, 831
1,581
Lineage, totalf
thous. of lines..
2,014
2,276
2,700
2,618
2, 335
« Revised.
* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N. I. R. A. highway work started in September 1933,
see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. Home Owner's Loan Corporation data from September
1933 to April 1934 will be shown in a subsequent issue. Total loans closed to September 31,1935, $2,794,140,477. Printer's Ink indexes from January 1922 to May 1934 appear
on p. 19 of July 1935 issue. Data prior to May 1934 on "all other" radio and magazine advertising not published. See special note below on foreclosures.
t Revised series. See p. 20 of the October 1933 issue, magazine lineage.
§ Index as of October 1, 1935, 195.1.
• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States;
having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933,
209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since the
figures for these months are from a slightly different number of communities.
2
Receipt of applications stopped on Nov. 13, 1934, and was not resumed until May 28> 1935.
# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.
1 Months of November 1934 and January. May, and August 1935 include 5 weeks; other months include 4 weeks.
4
 25765—35



26

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

November 1935
1935

February

March

April

May

June

July

August

DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising:
Lineage, total (52 cities) ».__thous. of lines.. 101,347
Classified
thous. of lines-- 20, 155
Display
-.
thous. of lines.. 81,192
2,910
Automotive—--..thous. of lines..
1,454
Financial—
thous. of lines..
General..
-thous. of lines-- 16, 629
Retail
..thous. of lines.. 60, 200

96, 378
17, 936
78, 442
4,841
1,193
16, 103
56, 305

108, 810
18, 605
90, 205
3,917
1, 653
22, 039
62, 595

106, 999
17,414
89, 585
3,592
1,285
19, 095
65, 614

105, 669
17, 389
88, 280
3,920
1, 432
13, 482
69, 446

88, 055
15, 781
72, 274
6,260
2,083
14, 989
48, 942

85, 430
15, 323
70, 108
4,183
1,450
16, 939
47, 535

110, 067
19, 490
90, 577
5,560
2,052
20, 215
62, 751

112, 803
19, 844
92, 960
7,467
1,894
20, 313
63, 286

115,854
20, 174
95, 680
8,978
1,614
20, 504
64, 584

102, 210
20, 061
82, 149
8,426
1,642
18, 042
54, 038

87, 363
18, 299
69,064
6,415
1,926
16,862
43, 861

89, 997
19, 266
70, 731
5,281
1,280
14, 459
49, 712

63.9

63.2

65.7

67.1

66.3

65.2

64.5

63.6

63.1

62.3

63 0

63 0

1,788

2,140

2,092

2,106

2,608

2,159

2,356

2,318

2,329

2,179

2,142

2,057

487, 707

580, 239

516 205

581, 405

508, 804

528, 398

643, 044

632, 507

669, 749

677, 232

728, 600

3, 359
33,417

3,138
31, 753

3,915
36, 639

4,394
34, 306

4,040
38, 328

3,780
36, 429

3,625
33, 812

3,911
36, 834

3,805
36, 700

3,714
35, 237

3,552
33, 807

3,512
34, 607

3 428
33,812

10,915
88, 703

10, 375
87, 976
2,507

12, 620
111, 756
1,985

12, 049
102, 390
2 267

13, 142
101, 699
5,567

11,916
90, 710
2,217

10, 777
82, 717
2,148

12, 822
95, 674
2,579

12, 444
94, 393
2,415

12, 177
92, 975
2,149

12, 023
87, 441
2,238

11,358
89, 525
2,052

11,071
88, 997

25 035
2.815

23,527
2,664

27, 527
3,106

25 825
2,825

33, 164
3,930

25, 827
3,112

24, 118
2,907

27, 313
3,049

26, 775
3,110

27, 365
3,222

24, 679
2,829

23, 123
2,866

24 162
2,901

GOODS IN WAREHOUSES
Space occupied, public merchandise in warehouses
percent of total. NEW INCORPORATIONS
Business incorporations (4 States), .number. . 1,994
POSTAL BUSINESS
Airmail, pound mile performance*
thous. of Ib .
Money orders:
Domestic, issued (50 cities):
Number
thousands..
Value
. thous. of dol..
Domestic, paid (50 cities):
Number
thousands..
Value
..thous. of doL.
Foreign issued—value
thous. of dol__
Receipts, postal:*!
50 selected cities
thous. of dol._
50 industrial cities
thous. of dol._
RETAIL TRADE
Automobiles:*
New passenger car sales:
116.7
98.4
Unadjusted
.....1929-31=100..
49.9
51.9
100.2
104.9
89.1
«80.2
47.3
27.7
51.5
39.2
72.7
0
78.5
04.6
Adjusted
- - 1929-31=100..
50 9
53.0
70.0
71 5
86.5
78.5
81.0
49.0
69.0
63 0
75.0
Chain-store sales:
Chain Store Age index:*t
Combined index (18 companies)!
06
92
av. same month 1929-31 = 100..
100
04
02
96
95
92
06
96
98
06
03
Apparel index (3 companies)!
104
av. same month 1929-31=100..
99
100
99
101
103
105
101
101
102
99
95
06
Grocery (5 companies)!
89
av. same month 1929-31=100..
88
89
90
«92
93
91
86
86
86
88
85
85
Five-and-ten (variety) stores:*
92.9
82.0
78.1
86.0
86.1
Unadjusted
1929-31=100..
87.4
85.5
163.9
75.8
79.3
67.2
91.3
92.9
00.6
86.0
92.1
Adjusted
1929-31=100..
91.5
00.8
93.0
90.7
89.6
89.5
90.2
90.0
88.9
91.5
H. L, Green Co., Inc.:*
2,384
2,081
2,049
1, 981
2,158
2,229
2,157
4,446
2,088
1,609
Sales....
thous. of dol..
2,327
2,289
1,557
132
132
132
129
137
Stores operated
number _
133
131
128
131
130
128
130
130
S. S. Kresge Co. :
11, 518
10, 872
11, 048
10, 758
10, 414
10, 328
10, 004
Sales...
.
..thous. of doL. 10, 148
11, 499
21,213
8,488
8,975
11,285
734
734
737
731
735
736
735
Stores operated
number __
737
727
728
732
731
732
S. H. Kress & Co.:
6,441
5,472
5,934
5,700
5,946
5,884
Sales
thous. of dol__
6,138
5,685
6,182
12, 412
4,762
4, 968
6,367
232
232
233
232
232
233
227
232
232
233
Stores operated
number
232
230
232
McCrory Stores Corp.:
2,612
3,027
2,654
2,479
2,667
2,817
2,493
Sales
thous. of dol
2,390
2,148
2,317
2,777
2,658
5,526
205
202
202
194
205
205
194
194
205
205
194
205
Stores operated
-.number..
207
G. C. Murphy Co.:
2,576
4,471
2,584
2,513
2,351
2,105
2,481
1,891
2,266
2,420
2,354
Sales
thous. of dol__
2,426
1,803
186
186
186
186
188
188
188
181
184
186
188
Stores operated
number..
185
186
F. W. Wool worth Co.:
22, 382
21,342 23, 304
21, 556
39, 566
18, 219
20, 483
21, 050
21, 113
20, 169
Sales
thous. of dol__ 20, 243
22, 332
17, 148
1,962
1,960
1, 973
1,971
1,954
1,965
1,954
1,954
1,956
1,960
1,965
Stores operated
number. _
1,956
1,955
Restaurant chains (3 companies) :
3,562
3,458
3, 4fi5
3,195
3,369
3,520
3,444
3,193
3,335
3,725
3,766
3,117
Salas
...
..
thous. of doL.
3,418
357
355
356
358
369
359
359
359
368
367
358
365
361
Stores operated.
number..
Other chains:
W. T. Grant & Co.:
6,732
6,572
6,953
7,663
7,654
6,726
7,822
14, 212
6,571
7,430
7,494
5,166
6,276
Sales
__ .
thous. of doL.
470
470
467
462
465
466
469
469
461
464
465
469
S tores operated
number
465
J. C. Penny Co.:
17, 873
18,811 « 19, 989
21, 242
29, 300
12, 039
15, 507
17, 597
16, 980
17, 929
15, 915
21, 381
12, 905
Sales
thous, of dol
1,479
1,480
1,474
1,478
1,468
1,474
1,474
1,474
1,478
1,478
1,478
1,469
1,473
Stores operated
...number-Department stores:
Collections:*
Installment account
17.4
16.3
16.5
16.4
17.1
15.4
16.2
15.6
16.3
18.0
16.1
17.1
percent of accounts receivable. .
16.7
Open account
43.9
44.2
41.1
44.1
43.9
41.0
43.8
45 3
43.2
percent of accounts receivable..
40.6
39.0
44.3
45.7
« Revised.
* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety-store sales, p. 18 of the March 1934 issue. Data prior to October 1933 on collections
not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. New series on air mail not available prior
to May 1934. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933.
! Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combined
Index and grocery index of Chain Store Age were revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.
^ M o n t h l y data from January 1932 through June 1935 are on page 20 of the July 1935 issue.
9
The New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1933. See the 1932 annual supplement and
monthly issues prior to December 1934.




27

SURVEY OF CURRENT BUSINESS

November 1935
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septemn the 1932 Annual Supplement to the Survey
ber

1935

1934
Septem- October Novem- Decem- January
ber
ber
ber

February

March

April

May

June

July

August

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores— Continued.
Sales, total value, unadjusted A
1923-25=10086
Atlanta*
.1923-25=10091
Boston.
.1923-25=10072
Chicago*t
1923-25=100
81
Cleveland*
— . _ _ _ 1923-25=10078
Dallas*
1923-25 = 10097
Kansas City
1923-25=10085
Minneapolis*
19°9 — 100
84
New York*
1925-27—100
83
Philadelphia*.
1923-25=100—
65
Richmond
1923-25 = 10097
St. Louis
1923-25=10071
San Francisco*
1923-25 = 10087
Sales, total value, adjusted*. 1923-25 = 100—
82
Atlanta*...
_
.1923-25=100—
97
79
Chicago*! 1923-25—100
Cleveland*
1993-25 — 100
75
92
Dallas*
1923-25 = 100Minneapolis*
1929 = 100—
New York*_._
1925-27=10081
72
Philadelphia*-.
1923-25=100..
84
San Francisco*
__ 1923-25 = 100. _
Installment sales, New England dept.
stores, ratio to total sales
percent- .
10.7
Stocks, value, end of month:
Unadjusted. __
1923-25=100
67
Adjusted..
1923-25=100..
64
Mail-order and store sales:
Total sales, 2 companies
thous. of dol.. 59, 474
Montgomery Ward & Co.. -thous. of dol— 25, 173
Sears, Roebuck & Co
thous. of dol— 34, 301
Rural sales of general merchandise:*
Unadjusted
1929-31 = 100..
103.7
104.5
Adjusted
1929-31=100

79
90
66
80
71
91
85
81
77
59
85
76
80
75
96
78
68
86
75
75
66
78

82
91
82
79
71
85
81
85
88
72
112
74
81
73
76
72
67
74
72
77
63
78

83
91
73
78
74
92
78
76
89
70
102
78
83
74
80
71
70
79
77
76
58
81

135
148
122
126
122
146
129
117
137
115
172
117
144
78
86
75
74
89
78
78
65
83

59
61
58
61
58
60
55
61
58
44
65
53
66
74
77
76
77
72
69
73
54
79

61
70
47
62
56
70
61
55
60
46
64
53
67
75
80
79
68
83
73
72
56
80

71
84
60
75
68
80
73
74
65
59
87
68
72
82
91
83
79
86
79
77
66
79

79
88
69
81
78
80
74
78
74
65
98
67
81
73
84
76
69
80
72
74
65
83

76
84
69
78
74
78
72
76
71
63
98
69
77
76
84
76
69
75
76
75
64
80

76
75
68
76
75
74
70
76
74
66
95
64
76
80
84
78
78
81
78
77
69
86

56
63
49
56
55
59
55
54
54
46
68
50
68
80
90
78
72
84
71
72
62
83

«62
77
52
68
61
64
70
70
58
49
78
59
80
79
98
85
73
88
80
76
65
82

8.5

8.5

7.3

4.7

9.2

9.3

7.8

7.2

8.2

6.7

9.2

14.5

67
64

71
64

74
65

60
64

57
64

61
64

65
63

66
64

66
64

61
63

56
61

60
62

52, 997
23, 093
29, 904

64, 134
29, 704
34, 430

60, 595
26, 901
33, 694

76,631
34, 684
41, 947

41, 194
17,418
23, 776

41, 573
17, 905
23, 668

54, 763
22, 783
31, 980

59, 644
25, 571
34, 073

58, 105
22, 915
35, 190

58, 953
23, 822
35, 131

49, 887
20, 293
29, 594

52, 402
22, 849
29, 553

97.9
98.8

108.7
89.1

110.4
89.8

134. 2
94.5

72.6
87.5

82.0
90.6

90.6
97.4

97.0
101.0

87.6
93.1

94.2
99.7

74. 7
97.0

79.8
92.8

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT

"81.8
o82.5
o81.2
Factory, unadj. (B. L. &)* §...1923 -25 =10078.4
«78.8
«79.7
«79.6
83.5
«76.9
o81.3
«82.5
"75.9
"78.1
«70.5
o69.4
Durable goods group* §
.1923-25=1 00. .
71.2
«71.4
068.2
«69.4
• 64.4
o62.3
o64.4
«71.0
«71.8
a 69. 7
«62.9
73.2
72.2
72.4
71.8
Iron and steel and products. 1923-25= 100. _
67,8
71.3
66.2
71.8
66.0
66.0
66.6
70.7
74.7
Blast furnaces and steel
72.4
73.7
73,7
works
1923-25=100
74.4
69.4
73.6
71.7
65.4
65.9
72.9
74.0
66.9
85.3
Structural and metal work
57.9
56.0
56.9
55.3
56.0
1923-25=10055.9
53,8
65. »
58,6
58.6
57.1
57.9
67.6
104.0
88.3
90.4
96.0
100.0
Tin cans, etc
.1923-25=100..
105.4
85.0
85.4
86.4
101.0
93.9
89.6
85.5
55.3
48.9
51.7
Lumber and products
.1923-25=100..
50.9
51.9
56.9
48.6
47.1
49.4
49.3
49.5
50.6
47.8
73.4
69.1
68.6
67.1
64.1
67.0
Furniture
1923-25=100
65.2
76 3
65.0
66.5
66 9
69 1
65.0
47.5
Millwork
1923-25=100..
41.9
44.8
39.7
40.7
50.1
35.9
34.6
36.3
36.3
38.3
36.7
37.9
36.6
30.9
Sawmills
1923-25=100
30 9
34.8
33.9
32.7
34.0
37. 2
32.8
34.1
33.9
33.5
31.8
99.1
99.2
98.9
Turpentine and rosin
1923-25=100..
99.0
93.9
96.2
92.4
95.8
100.5
96.3
99.7
89.3
92.9
87.3
84.2
85.6
Machinery
1923-25=100..
85.1
91.1
79.6
82.1
84.1
84.5
78.0
77.9
77.9
78.5
117.8
116. 7
97.0
Agricultural implements.1923-25 = 100. _
89.6
97.0
110.6
118. 5
92.7
72.9
79.6
101.3
67.8
83.8
70.4
Electrical machinery, etc. 1923-25 =10070.9
70.7
69.6
65.4
65.9
67.5
69.2
69.6
65.9
65.0
73.3
65.8
Foundry and machine-shop products
74.0
72.8
73.4
69,2
74.3
1923-25=10076.0
73.8
68.4
66.0
72.0
73.5
66.8
66.8
213.8
182.4
165.5
185.0
Radios and phonographs.l923-25= 100..
191.4
168.0
254.9
222.8
214,5
186. 0
189.0
219.9
207.9
"82.0
«80.2
Metals, nonferrous §
1923-25 = 100o83.4
«78.3
o81.8
«78.2
"82.9
86.9
•75.4
«77.2
«81.6
a79.2
°83.9
o75.5
o76.2
Aluminum manufactures § 1923-25=100. _
o74.6
o72.3
«73.2
o78.7
«78.3
«73.8
o76.8
«79.0
79.1
o73.5
«68.1
78.2
77.4
Brass,bronze, copper prod. 1923-25= 100—
81.8
78.9
75. 4
80.8
72.0
80.8
70.8
71.0
82.0
81.8
74.0
Stamped and enameled ware §
ol02.5 ol00.4
0101.9
ol09.1 «106,9
1923-25=100olOS.4
olOS.4
106.2
a 94. 4
«99.6
o92.7
•93.8
«97.8
52.8
53.8
Railroad repair shops
1923-25=100—
52.9
53. 0
53.5
52.6
51.6
51.6
52.9
53.6
55.7
53.9
52.0
65.3
65.2
Electric railroad.
1923-25= 100—
65.6
65.6
65.7
64.6
65.3
65.7
65.9
85.8
65.7
65.1
65.5
51.9
52.6
S team railroad . _
1923-25 = 100
52.0
52.9
52.7
52.7
50.5
50.6
51.9
51.7
55.0
53.1
61.0
Stone, clay, and glass products
55.9
55.7
53.2
55.0
54.7
1923-25=10047.2
55.8
62.2
51.5
49.6
52.9
51.9
50.1
32.1
33.8
32.9
Brick, tile, and terra cotta-1923-25=lGQ..
29.6
27.6
34.0
30.4
24.8
25.7
27.6
29.9
29.9
28.0
53.8
60.1
57.0
57.5
Cement
1923-25=100..
50.0
37.2
51.9
48.2
37.8
41.6
54.0
50.7
41.6
95.7
95.2
Glass
1923-25=100..
94.2
94.8
92.7
93.7
95.8
88.5
86.5
91.7
87.3
86.1
87.4
83.5
87.2
93.7
Transportation equipment. 1923-25= 100. _
102.7
104.8
62.2
92.4
75.8
74.2
78.4
100.9
103.6
64.2
95.1
107.2
100. 6
116.4
Automobiles
1923-25=100119.9
117.5
319.5
84.0
80.9
67.1
108.1
68.7
88.9
32.2
48.2
31.7
60.3
Cars, electric and steam. 1923 .25 =100—
34.2
52.2
59.1
44.8
32.4
43.6
36.6
33.5
34.0
72.4
66.2
71.3
Shipbuilding
1923-25 =100
74 6
76 4
69 3
72 8
74.9
76 1
71 3
68.3
68 5
71. 2
94.0
o90.6
Nondurable goods group* §..1923-25= 100—
o94.1
90.4
«91.7
94! 1
96! 9
092'. 5
92.3
«94.9
«95.0
«8&3
092'. 8
107.9
111.5
107.2
106.8
Chemicals and products. -.1923-25 =100. _
108.0
108.4
109.4
112.7
108.6
109.4
108.6
110.7
108.8
107.7
109.0
Chemicals
1923-25 = 100..
106. 9
107.1
108.1
108.0
104.4
103.0
102.8
103. 4
108.0
106.5
103.9
97.3
95.1
Druggists' prep
- _ 1923-25=100
98.9
96.8
102.4
95.8
99 5
105. 5
98.9
103.0
108.8
102.8
101. 3
105.5
108.6
Paints and varnishes
1923-25=100—
109.2
104.2
112.6
102. 2
106.7
99.6
99.7
98.7
112.5
98.8
99.5
• Revised.
* New series. For earlier data on department store sales by Federal Reserve districts, see p. 20 of the February 1935 issue excepting Chicago, for which see note below.
Note that the combined index of department store sales is computed by the Federal Reserve Board and the district indexes are computed by the Federal Reserve banks. For
districts not marked with an asterisk the series are as published in the 1932 Annual Supplement and subsequent issues. See p. 20 of the December 1934 issue for rural sales
for period January 1929 to October 1934. For earlier data on factory employment unadjusted in detail, see p. 16 of the June 1934 issue. See p. 19 of the July 1934 issue for
factory employment unadjusted total. Data on employment in the durable and nondurable goods groups for the period January 1923-June 1935 are shown on p. 19 of the
August 1935 issue.
t Revised series. See p. 19 of the April 1935 issue department store sales Chicago.
* This series was shown on p. 20 of the June 1935 issue from 1919 through April 1935.
• The adjusted index of department store sales (total value) was revised by the Federal Reserve Board for the years 1929 through 1934. Revised indexes for this period
were shown on p. 20 of the June 1935 issue.
§ Data have been revised for the period January 1933-August 1935. Revisions not shown above will appear in a subsequent issue.




SURVEY OF CURRENT BUSINESS

28

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

November 1935

1935
February

March

April

May

June

July

August

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT— Continued
Factory unadjusted— Contd.
Nondurable goods group— Continued.
Chemicals and products— Continued.
109.0
108.3
Petroleum refining
1923-25 = 100112.9
107.9
110.1
112.9
111.9
110.8
107.3
108.3
111.2
112.2
110.6
Rayon and products
1923-25=100305.5
307.0
338.0
334.9
353.6
329.5
320.8
348.9
327.9
346.8
326.9
340.3
325.9
94.4
127. 1
94.7
Food and products
1923-25=100116.6
119. 5
103.8
92.7
109.0
93.8
95.1
104.3
109.9
98.0
Baking.
1923-25=100116.1
115.4
115.4
106.7
114.6
115.7
110.9
111.8
114.2
111.5
111.3
112.7
111.7
Beverages
1923-25=100 . 171.9
144.6
156.0
176 7
168 2
148 7
145 7
151.3
151.9
161 6
178 5
170 0
179 0
Slaughtering, meat pack121.2
117.6
81.5
78.9
105.5
94.3
87.2
ing
1923-25=100109.3
82.9
80.4
80.6
79.4
81.4
83.4
92.7
Leather and products
1923-25 = 100—
84.8
88.3
91.5
89.0
85.7
81.6
91.6
86.7
87.3
90 1
83 0
92.1
87.5
87.0
90.8
82.3
79.8
82.9
85.2
Boots and shoes
1923-25 = 10085.5
90.7
85.8
89.1
80.6
88.2
92.7
Leather
- 1923-25=100—
95.2
86.8
89.2
94.0
95.5
94.5
95.6
93 2
93 5
94 4
92 8
96.4
95.6
96.9
Paper and printing.
1923-25=100..
96.8
96.9
97.1
95.3
97.5
96.7
95.5
96.5
95.9
95.6
106.6
lOn 8
105 4
106 9
107.4
109.7
Paper and pulp
1923-25 = 100
109.2
109.8
108 7
109 9
108 9
108 8
109 1
0
Rubber products § . — - 1923-25=100..
«79.7
-80.2
«»83.1
«84.5
•78.8
°84.2
«83.6
<>82.4
81.1
«79.9
79 1
«90 9
°78 3
69.4
Rubber tires and tubes.. 1923-25 =100. _
71.9
75.1
74.9
70.3
70.4
74.7
75,3
73.6
70.3
68.7
69.7
72.9
95.2
99.2
97.2
73.1
98.4
Textiles and products
1923-25=10095.9
92.3
92.8
90.9
93.5
87.8
90.4
92.9
95.8
96.4
92.1
94.0
97.2
93.3
62.0
89.7
Fabrics
.1923-25 = 10089.7
91.0
87.5
89.9
89.4
94.4
89.4
101.4
100.5
86.0
101.8
Wearing apparel
1923-25=100..
95.5
89.6
96.8
95.3
84.4
96.0
88.6
Tobacco manufactures
1923-25=10065.3
61.9
56.8
58.9
56.5
57.8
64.7
64.0
57.3
56.6
57.6
57.9
57.8
76.8
80.5
82.4
82.3
Factory adjusted (F. R. £.)* 1-1923-25 =10081.9
76.7
78.9
81.2
-74.0
81.9
80.4
"81.7
79.9
10S.4
108.2
110.3
107.5
107.2
108.1
110.7
108.1
Chemicals and products
1923-25 = 100108.6
109.3
110.7
111.4
111.3
102.3
101.6
101.2
102.3
105.3
106.3
Chemicals
- 1923-25=100..
108.5
108.5
101.8
109 0
111 7
111 6
110 2
Druggists' preparations— 1923-25 = 100100.8
102.1
101.4
96.8
97.4
101.3
99.1
100.7
100.4
100.4
101.8
100.3
°99.3
0
101.0
103.4
99.3
101.1
108.8
Paints and varnishes
1923-25 = 100108.0
100.0
100.5
108.6
102.3
108.8
108.4
108. 4
a
112.1
108.2
113.1
109.0
108.3
Petroleum refining
1923-25 =100110.9
113.0
111.1
108.7
108.5
108.8
109. 6
110. 1
307 0
329 5
Rayon and products
1923-25 = 100
353 6
305 5
320 8
338 0
346 8
348 9
334 9
326 9
327 9
325 9
340 3
109.3
104.8
Food and products
1923-25=100
99 1
110 5
105 0
102.8
101 4
102 0
107.3
107.9
100 4
100 1
99 2
113.2
115.4
109.0
Baking
1923-25=100113.7
114.3
113.8
112.7
112.6
113.6
113.6
113 0
111 4
109.9
Slaughtering, meat packing
1923-25=100122.4
108.2
91.6
84.2
116.7
84.9
79.7
85.7
81.6
80.9
101.1
81.8
81.0
69.4
65.6
70.8
Iron and steel and products . .1923-25= 100. . 74.1
65.4
66.4
72.4
67.7
70.6
71.5
71.1
°73.4
71.7
Blast furnaces and steel works
72.4
1923-25=100..
72.2
74.4
65.9
68.0
69.9
65.4
72.2
72.5
72.7
66.7
72.6
"74.3
55.8
57.4
57.0
56.3
Structural and metal work .1923-25= 10057.8
58.1
56.0
57.0
55.3
56.3
55.7
°56.5
57.7
94.1
89.2
Tin cans etc
- .1923-25=100—
99.4
90.8
89.2
87.9
95.3
93.6
88.9
89 5
92 8
96 2
°97 0
81.4
92.2
Leather and products
1923-25 = 100..
82.4
83.4
89.1
85.7
88.9
90.5
89.1
86.9
89.7
86.4
°87 0
0
89.9
82 3
88 4
91.7
83.3
79 7
88 1
88.9
Boots and shoes
1923-25 = 100
81 4
87 9
84 5
84 4
84 9
a
Leather
1923-25 = 100 .
95.1
86.7
88.3
88.6
92.3
92.3
93.2
93.3
94.3
94.5
95 1
95 8
95 8
48.8
52.4
55.4
48.0
47.7
47.8
51.9
Lumber and products.
1923-25 = 100..
47.3
50.8
51.3
52.0
48.8
°54.6
a
61.2
62.9
66.4
70.3
73.9
67.6
72.4
Furnittire
1923-25=10063.0
60.7
70.5
71.1
69.6
73 3
a
36.0
38.8
39.4
Millwork
- - 1923-25=100 .
49.7
34.3
37.3
37.0
38.4
40.2
36.3
41 4
44 4
46 8
a
32.2
32.4
34.6
33.3
34.2
35.0
33.4
33.2
Sawmills
..1923-25 = 100—
36.0
33.0
32.6
30.1
35 6
a
75.8
79.2
85.6
77 2
81.4
Machinery
1923-25=100
88 8
83 1
86.0
84.9
84 4
°76.0
86 1
S7 1
76.4
84.1
Agricultural implements. .1923-25 = 100..
72.4
87.1
94.7
94.1
126.6
82.1
86.7
91.6
123.2
111.4
124.4
69.2
Electrical machinery, etc -1923-25 =100..
65.0
65.4
65.6
73.3
65.9
67.5
70.9
65.9
70.7
69.6
69.6
°70.4
Foundry and machine-shop products
1923-25 = 100..
72.6
66.9
68.4
73.1
75.8
70.3
71.6
66.6
72.7
73.4
67.3
72.0
73.9
a
Radios and phonographs.. .1923-25=1 00 _ _ 190.9
157.1
203.8
231.2
227.3
175.5
226.8
252.7
164.7
200.0
192.7
194. 4
182.7
74.1
74.9
76.8
Metals, nonferrous 1 . 1923-25 = 100.
76.1
78.3
79.0
73.6
79.9
80 8
80 5
80 0
81 6
71.9
79.8
Brass, bronze, copper prod. 1923-25 =100—
74.5
75.8
79.3
80.4
80.3
78.2
82.7
72.8
79.4
71.6
78.8
Stamped and enameled
88.4
92.0
93.2
93.4
94.9
82.8
85.8
84.0
ware!
1923-25=100..
94.3
91.6
90.9
93.1
a
98.7
95.8
94.9
96.4
95.6
96.0
95.4
97.3
97.1
Paper and printing
1925-25=100— ~~~~97.T
96.4
96.5
97 1
0
109.2
106.8
105.4
107.4
109.8
Paper and pulp
1923-25 = 100
106.6
106.9
108.7
109.7
109.9
109. 1
108.9
108 8
52.1
52.4
52.4
53.8
55.4
53.7
53.6
52.6
Railroad repair shops
. .1923-25 = 100—
53.3
53.2
52 7
51.7
53.4
65.8
65.3
65.6
64.6
65.1
65.2
Electric railroads
1923-25 = 1 00..
65.5
65.9
65.7
65.3
65.7
65.7
65.6
51.4
51.4
52.8
51.1
53.0
51.6
Steam railroads
1923-25=100
54.7
52.7
50.7
52.3
52.4
51.9
51 7
a
83.4
84.4
82.3
81.7
79.5
83.8
76.3
80.4
Rubber products 11923-25 = 100..
« 80. 3
78.1
79.9
77.7
77.0
74.4
71.6
71.8
77.0
76.4
Rubber tires and tubes
1923-25=10076.6
73.6
67.2
71.0
70.2
68.4
71.7
69.6
Stone, clay, and glass products
1923-25=100..
53.9
51.7
52.7
50.0
51.2
52.4
52.4
53.6
54.4
51.9
«54.8
51.1
53.5
32. 1
28.2
27.4
29.2
Brick, tile, and terra cotta_ 1923-25 =100..
29.5
29.9
30.4
31.2
28.7
30.0
29.6
28.0
29.9
0
48.9
41.9
48.8
43.9
42.4
44.4
50.3
Ceinent
1923-25 = 100
50.9
55.3
56.4
53.4
47.8
50 5
81.7
94.0
94.1
93.6
87.4
92.9
92.7
92.1
Glass
. .
1923-25=100..
85.3
87.8
93.1
96.6
97.4
92.1
95.1
96.0
90.7
90.2
96.6
72.9
96.6
96.0
92.2
93.6
Textiles and products
1923-25= 100..
91.7
« 96. 1
93.2
92.4
94.8
88.8
88.2
95.6
94.6
62.7
92.7
Fabrics
.1923-25=100..
91.2
91.0
90.6
« 93. 3
98.3
91.3
87.4
91.3
96.9
99.2
93.4
94.7
90.8
Wearing apparel
. 1923-25=100—
95.6
"98 4
90.3
90.0
62.5
60.7
58.2
57.3
61.6
62.9
61.1
57.7
57.7
Tobacco manufactures
1923-25=100
56 8
58 2
58 1
58 1
93.5
81.4
69.3
84.4
99.4
Transportation equipment- -1923-25 =100..
70.4
98.4
75.5
99.1
94.0
88.7
84.8
°83. 6
a
109.2
82.1
74.7
96.6
114.4
Automobiles
1923-25-100 .
91.0
77.4
114.1
113.5
105 9
101 5
97 7
94 9
38.2
38.3
37.0
52.6
Cars, electric and steam. . .1923-25= 100. . 32.8
43.9
35.9
46.9
54.7
44.4
54.9
29.6
°30.7
a
66.3
Shipbuilding
. .1923-25=10081.1
76.1
72. 1
68.5
76.0
69.3
74. 1
71.1
70.0
65.4
73.0
76 5
Factory, by cities and States:
Cities:
84.5
79.4
80.2
80.6
78.2
77.3
75.7
78.4
83.3
Baltimore*
1929-31 = 100
82 6
79 4
80 8
80 9
69.3
65.6
C hicago*
1925-27 = 100. _
67.3
70.1
65.9
66.0
68.6
68.3
69.3
69 0
67 0
64 8
65 3
89.3
76.3
78.6
83.9
87.6
Cleveland*
1923-25=100..
76.7
86.4
74.8
88.7
82.1
80 9
86.5
84 8
50.2
91.2
64.2
108.3
Detroit
1923-25=100
82.7
62.4
110.2
109.5
110.8
102 4
93 7
66 6
71 7
93.2
76.9
86.9
Milwaukee*
1925-27=100.
77.5
79.4
84.0
91 6
90.0
93.1
92 4
93 0
92 6
91 9
75.6
New York
_
1925-27=100..
75.1
74. 1
73.6
75.2
75.9
70.7
73.4
74.9
72 3
72 2
67 9
69.8
82.1
84.6
86.2
88.4
86.5
91.4
89.5
Philadelphiaf
1923 25-100
88.8
88.3
87 8
88 1
87 7
88 9
Pittsburgh*!
. . .1923-25=100..
66.6
66.3
65.5
69.7
65.3
67.4
68.4
65.8
68.3
68 8
67 5
67 3
68 3
States:
96.2
91.2
91.6
84.4
86.2
84.6
Delaware!
1923-25= 100..
83.2
84.3
82.6
85 9
90 3
a 102 8
89 8
74.2
73.5
Illinois
1925-27=100
70 3
69.9
69.9
75 7
73 1
74 3
75 6
74 8
73 4
72 4
73 6
122.2
109.3
Iowa
1923-100
108.9
111.8
110.2
111.8
113.0
114.0
113.3
117 1
117 2
118 2
118 8
67.6
70.0
Massachusetts*!
1925-27= 100. _
71.2
69.0
56.5
66.6
71.6
72.3
71.7
69.0
67.4
fi7 «
fiQ fi
« Revised.
* P'or earlier data see the following references: For factory employment, adjusted, all series, see pp. 16 to 19 of the July 1934 issue; employment in Baltimore, Milwaukee,
and Massachusetts, p. 18, December 1932; and employment in Chicago, p. 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19 Julv
1934.
t For revised data refer to the indicated pages as follows' Employment in Delaware and Philadelphia, p. 19, September 1933' for revisions of years 1930-34 for those series
and for the city of Pittsburgh, see p. 20 of the March 1935 issue; for Massachusetts, employment for 1931, p. 19. August 1933, and for 1932-1934 p. 20, September 1935.
§ Data have been revised for the period January 1933-August 1935. Revisions not shown above will appear in a subsequent issue.
1 These data for the period January 1933-August 1935 are undergoing revision and will be shown in a subsequent issue.




November 1935

SUEVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

29
1935

March

April

May

June

July

August

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT— Continued
Factory, by cities and States— Continued.
States— Continued.
92.3
Maryland*
1929-31 = 100
86 7
85 4
87 9
85 5
85 5
84 9
78.0
New Jersey!
1923-25=100..
76.7
76.0
75.0
73.1
75.3
73.8
76.8
New York
1925-27=100..
71.4
72.0
70.9
70.6
73.1
71.1
93.1
Ohio
1926=100
84 4
81 9
83 0
87 3
91 3
85 3
78.3
Pennsylvania!
1923-25=100..
72.9
74.4
76.1
75.0
75.0
74.3
89.5
Wisconsin..
1925-27=10080.9
80.2
79.5
84.0
80.6
81.3
Nonmanufacturing (B. L. S.):
Mining:
48.0
Anthracite
1929=100
56 9
58 5
60 7
62 9
64 4
61 6
77.0
Bituminous coal
1929=100..
78.2
79.8
80.0
81.1
79.3
79.7
48.9
Metalliferous—
1929 = 10043.2
42.3
44.4
43.3
44.3
44.3
77.9
Petroleum, crude product! on. 1929 =100..
74.2
81.8
79.5
78.8
78.7
74.9
50.0
Quarrying and nonmetallic... 1929 =100..
53.3
49.5
51.8
42.1
37.3
36.9
Public utilities:
Electric light and power and manufac85.8
tured gas
.1929=100
82 2
85 8
82 7
85 8
85 5
83 6
71.0
Electric railroads
1929=10072.5
72.2
71.8
71.2
71.0
71.0
70.4
Telephone and telegraph
1929=10069.9
70.9
70.3
69.7
70.0
70.5
Trade:
79 2
81.6
Retail!
1929=100
82 6
83 7
81 7
91 1
79 5
Wholesale!
1929=10083.7
83.5
85.1
84.6
84.3
85.0
84.2
Miscellaneous:
82.1
Dyeing and cleaning*! A
1929=100..
75.8
72.4
80.0
80.3
69.6
70.3
Hotels!.
1929=10081.1
80.0
81.1
80.9
80.6
80.0
80.3
Laundries* !A
1929 =100
83 0
82 9
81 7
80 3
79 6
79 5
79 6
Miscellaneous data:
Construction employment, Ohio
1926= 100. _
26.6
26.4
18.3
25.1
24.7
21.6
17.5
Farm employees, average per f a r m *
.96
number. .
.94
.68
.80
.66
.65
.65
Federal and State highway employment,
340 073 498 151 450 322 426 603 323 700 240 414 2°1 406
total*
number
Construction*
number
183 886 309 745 281* 087 267 152 189* 020 120 131
99 197
Maintenance*.. . _
number
156, 187 188 406 169 235 159 451 134* 680 120 283 1°2 209
Federal civilian employees:
United States*
number
713 662 715 606 707 307 707 606 710 347 715 901
Washington
number..
92, 557
93, 322
93,827
94, 389
95, 517
94, 050
Railroad employees, class I
thousands..
985
1,035
995
977
976
1,028
Trades-union members employed:
All trades
percent of total
80
76
75
75
76
73
74
42
Building trades* . percent of total
55
44
44
39
43
40
73
73
74
75
Metal trades*
percent of total
80
75
75
Printing trades*
percent of total
85
83
85
83
84
83
83
All other trades* . percent of total
84
83
83
81
84
79
80
On full time, all trades, percent of total—
58
54
52
49
53
48
51

89 3
74.9
74.3
94 1
77.1
85.7

90.7
74.5
74.8
94.9
75.9
85.1

89.5
74.2
73'. 7
93.0
75.5
85.7

88 2
72.4
72.5
90 8
75.0
86.6

86 5
72.5
72.1
90 1
75.1
92.3

88 8
75.9
73.8
0
91 1
76.6
90.4

51 4
81.6
45.0
74.0
40.5

52.6
74.3
46.0
74.9
45.3

53.5
75.3
44.4
76.0
49.5

56 8
77.9
46.0
76.5
50.4

49.4
69.9
45.1
77.0
50.9

38.7
73.4
46.3
78.7
51.0

82 2
71.3
69.8

82.6
71.4
69.7

83.2
71.6
70.0

83 8
71.7
70.2

84 7
71.5
70.3

85.7
71.2
70.5

80 2
84.0

83 6
83.2

82 2
82.5

82 1
82.1

79 0
82.2

77 7
82.8

72.5
80.8
79 7

79.9
81.1
80 0

80.9
81.6
81 1

•83.6
81.3
82 3

81.7
80.3
84 4

79.4
80.7
84 2

18.4

24.8

30.7

35.0

32.9

°31. 5

.72

.79

.89

.98

1.01

.96

217 539
109 390
108 149

282 740
147 256
135 484

331 000
195 459
135 541

362 339
224 086
138 253

375 442
226 867
148* 575

382 846
218 886
163 960

720 279
97, 388
995

745 345
100,949
994

747 478
102, 539
1,013

764 925
104, 498
1,035

805 286
105, 679
" 1,011

73
49
77
85
77
53

76
52
78
85
81
53

36.4

« 37. 3

41
76
85
85

43
77
86
86

46
77
86
84

55

57

57

753 017
103, 453
1,031
77
49
77
86
81
54

36.6

36.7

36.3

35.9

78

79

79

LABOR CONDITIONS
Hours of work per week in factories:*!^
Actual, average per wage earner hours..
37.8
33.3
34.0
33.9
Industrial disputes in progress during
month:
Number of disputes .
f 275
260
233
203
Man-days cost
_
number.. "2,970,000 4,029,155 852, 787 841, 570
Workers involved
number z>518 000 486 798 102 971 98 201
Labor turn-over:!
Accessions
percent of no. on pay roll..
4.95
3.61
4.09
4.32
Separations:
Discharged— .percent of no. on pay roll..
.19
.16
.19
.15
Laid off
percent of no on pay roll
1 95
3 41
4 38
3 78
Voluntary quits
percent of no. on pay roll—
1.05
1.55
.62
.73

35.0

36.4

37.1

o 259
267
a 277
a 288
a 221
v 307
a 276
214
198
376, 297 °776, 575 "840, 937 "928, 698 -1,158,657 "1,676,542! -1,250,914 "1,207,855 "1,143,000
73 481 a 94 403 o 97 193 a 95 775 °119 234 °149 866 °118 662 °127 524 v 139 000
6.14

6.33

4.23

3.79

3.63

3.01

3.18

4.17

4.60

.15
2 72

.18
2 10

.18
1 88

.17
2 32

.20
2 60

.17
3 00

.20
3 46

.20
2 57

.21
2 70

.58

.76

.73

.75

.93

1.21

.83

.90

.86

PAY BOLLS
Factory unadj. (B.L.S.) * §—1923-25 =100. _
69.6
72.1
65.3
58.0
70.8
66.4
61.0
63.2
68.5
59.5
-64.2
69.1
70.7
Durable goods group* §
1923-25=100..
«59.0
60.6
46.4
61.8
•60.2
55.6
45.5
46.1
50.4
60.5
58.6
57.6
62.5
Iron and steel and products 1923-25=100..
59.6
62.9
41.1
52.8
44.2
59.4
58.5
59.0
42.8
47.8
59.3
51.9
55.8
Blast furnaces and steel works
61.6
1623-25=10064.2
52.4
37.3
39.2
62.3
61.1
56.8
41.7
63.3
46.5
63.8
53.9
Structural and metal work
1923-25=100..
« 43. 9
45.6
42.2
39.8
40.7
41.2
40.6
39.2
40.9
37,6
38.7
40.8
39.5
Tin cans, etc
.__ 1923-25= 100103.6
105.7
93.8
97.7
96.2
85.4
82.6
79.4
87.0
79.6
77.3
83.3
80.7
Lumber and products
1923-25=100—
44.4
47.1
38.3
35.2
33.9
36.3
36.3
33.6
33.3
37.5
34.8
31.7
34.8
Furniture
1923-25=100..
60.2
56.0
48.4
47.2
44.6
44.5
43.5
49.2
48.5
45.9
47.1
49.7
47.1
Millwork
1923-25=100..
37.7
40.8
34.2
21.8
24.1
24.0
31.5
24.6
25.3
25,8
29.1
23.0
27.7
Sawmills
_
1923-25= 100..
27.9
29.2
22.3
23.3
22.6
21.3
21.4
22.4
20.1
20.9
20.0
19.1
23.7
Turpentine and rosin
1925-25=10059.3
59.3
52.2
57.5
45.1
60.2
54.2
52.3
47.9
52.7
57.9
57.3
59.9
Machinery
1923-25=10071.2
75.2
55.8
67.5
57.2
60.2
57.0
60.8
64.3
66.9
67.6
67.8
66.9
Agricultural implements. 1923-25= 100
130. 8
135.2
137. 5
66.7
74.4
91.2
85.7
97.5
100.9
113.7
110.5
108.8
127.5
Electrical machinery, etc. 1923-25= 10062.1
57.8
48.0
49.3
52.2
54.7
50.0
52.4
57.2
58.2
55.0
58.4
56.1
Foundry and machine shop products
1923-25=10060.0
62.2
46.7
47.6
56.7
46.6
56.2
49.7
51.5
55.7
57.5
58.0
57.9
Radios and phonographs. 1923-25= 100—
133.9
166.3
127.0
112.9
137.8
131.5
132.0
103.2
112.5
110.6
107.0
101.5
100.9
° Revised.
p Preliminary.
* For earlier data see the following references: Employment in Maryland, and Federal civilian employment, total, United States, p. 18, December 1932; Federal and
State highway employment, dyeing and cleaning establishments, and laundries, p. 19, June 1933; trades-union members employed, p. 18, December 1932, and hours of work,
p. 20, October 1932. Pay rolls in the durable group for the period January 1923-June 1935 are shown on p. 19 of the August 1935 issue. Data for factory pay rolls by classes
are shown on p. 18 of the June 1934 issue. See also p. 19, July 1934 issue.
! For revised data refer to the indicated pages as follows: Employment in New Jersey and Pennsylvania, p. 19, September 1933; employment in laundries, and dyeing
and cleaning establishments, p. 20, August 1934; hotels revised for the period January 1929-July 1935, inclusive; see p. 20 of the September 1935 issue. For revised data on employment in wholesale and retail trade for 1930-34, see p. 20 of the March 1935 issue. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue. For
labor turnover see p. 20 of the April 1935 issue.
• Figures represent the condition as of the end of the month shown. This method has been followed since September 1932. Figures shown previous to that date in the
Survey are as of the first of the month. They were published as of the first of the following month by the Department of Agriculture.
If Data revised for 1934. SOP pp. 29 and 56 of the May 1935 issue.
§ Data have been revised for the period January 1933-August 1935. Revisions not shown above will appear in a subsequent issue.
A The revised series on dyeing and cleaning and laundry pay rolls shown in the August 1935 issue have been dropped by the B. L. S. and the pub ication of the original
series resumed.




30

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

November 1935
1935

March

April

May

June

July

August

EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS— Continued
Factory unadjusted— Continued.
Durable goods group— Continued.
Metals, nonferrous §
1923-25=100—
70.9
«54.2
°57.8
"59.1
«> 58. 7
*61. 8
"63.7
°65.0
« 59. 9
«63.7
-64.7
"64.7
«62.9
Aluminum manufactures §
1923-25=100..
69.6
M7.3
°58.5
"61.3
"63.9
"58.1
*66,8
°69.6
" 68. 0 "64.6
«69.3
"58.3
"65.8
Brass, bronze, copper products
65.8
1923-25=10048,7
49.5
51.3
58.3
83.2
64.1
55.6
84.0
57.5
61.5
61.1
60.0
Stamped and enamel ware §
0
a
1923-25= 10089,8
65. 5 « 69. 1
"70.6
«76. 2
°77.6
85.2
« 88. 0
«89.7
» 83. 3
»73.9
« 82.3
«77.6
Railroad repair shops
1923-25=10049.1
45.fi
46.8
44.4
44.4
43.8
48.0
48.2
49.6
50.7
49.0
52.5
51.0
Electric railroads
— 1923-25 =100..
59.1
56.9
57.4
57.1
58.4
58.0
60.4
59.7
60.7
60.2
58.8
59.6
59.0
59 Q
en r.
Steam railroads
- -1923-25=100
48 5
44 9
43 5
42 9
46 2
43 5
47 2
50 1
48 9
47 5
48 3
Stone, clay, and glass products
1923-25-* 10042.2
34.7
35.5
35.6
31.6
. 37.4
34.4
34.8
39.3
40.3
40.9
38.9
40.5
Brick, tile, and terra cotta
1923-25=10022.5
16,1
16.9
13.0
16.5
15.3
15.0
16.3
17.7
20.2
16.3
21.2
19.3
99 1
24 i
Cement
1923-25=100 .
35 2
32 4
29 4
21 2
40 1
33 9
25 0
31 9
36 8
35 8
37 9
Glass1923-25=10067.4
85.6
69.4
72.0
71.9
69.9
75.6
81.3
81.6
82.7
77.0
82.3
82.0
Transportation equipment.1923-25 = 100. . 65.7
52.3
48.4
79.4
49.7
67.6
98.2
94.7
94.2
102.7
74.7
71.6
82.4
no A
Automobiles
1923-25=100 7? 1
54 3
52 0
51 3
92 2
76 4
110 3
112 7
117 1
105 1
85 7
80 6
Cars, electric and steam .1923-25= 100. .
40.0
31.8
34.4
30.0
31.5
31.7
43.4
54.5
65.1
05. 8
30.4
28.0
°46.6
g9 Q
Shipbuilding
...1923-25= 100 .
^^ F
57 0
56 2
56 2
65 6
54 0
55 3
69 7
63 8
o5 7
59 4
61 5
Nondurable goods group* §..1923-25= 100..
86.9
74.0
79.6
76.6
« 79. 2
79.5
82.5
83,8
82.3
79.1
83.2
77.7
"77.5
Chemicals and products... 1923-25 =100. _
99.1
89.9
90.9
91.6
91.7
91.6
93.2
96.1
95.9
94.8
95.4
°97. 0
95.0
Chemicals..
1923-25 = 10092.1
92.4
98.8
90.7
90.0
90.8
91.0
93.7
96.2
97.8
« 100. 8
101.6
98.0
Druggists' preparations- 1923-25 =10092.3
96.8
97.3
99.1
94.8
96.8
97.9
95.9
97.7
93.9
92.3
92.0
93.7
Paints and varnishes
1923-25=10075.8
78.1
79.4
89. 5
78.5
78.1
83.7
86.2
91.9
95.1
88.9
87.8
94.0
Q5 2
Petroleum refining
1923-25=100
Qfi 8
inn ^
1 n^ ?»
10S 1
Q7 S
96 3
97 9
96 8
95 3
96 4
96 9
Rayon and products
1923-25=100264.1
215.5
217.2
231.6
245. 4
240.1
252. 3
252. 3
242. 7
237. 8
240.2
253.4
240. 5
Food and products
—1923-25=100104. 9
109.3
103.4
96.1
83.3
92,9
83.4
83.0
85.5
86.9
96.0
99.8
90.3
Baking
1923-25=10099.6
98.6
98.3
89.6
101.6
98.7
93.7
93.7
95.5
97.3
96.5
95.7
99.6
Beverages
1923-25=100142.2
167.0
157.2
133.4
171.0
135.0
137.2
146.9
153.6
162.5
192.7
189.8
173.4
Slaughtering, meat packing
1923-25=100109.2
74.1
107.0
100.7
98.4
84.0
76 5
73.5
74.3
74.0
75.0
73.2
74.8
Leather and products
1923-25- 100..
69.2
76.8
61.0
76.4
64.3
69.1
84.1
82.5
79.1
72.3
77.5
81.7
70.9
CA 7
72 5
Boots and shoes
— 1923-25=100
67 7
71 0
60 4
54 6
63 7
79 2
80 7
75 1
66 7
73 1
77 7
Leather
1923-25=10095 2
73 6
76 9
82 0
86 5
88 5
92 6
91 4
94 2
90 0
91 2
94 2
91 1
Paper and printing
1923-25 » 100. . 88.1
80.3
83.4
82.7
82.7
86.3
84.1
84.5
84.6
84,8
81.4
«83.0
83.4
07 A
<$Q 9
Paper and pulp
1923-25=100.
90 7
79 6
82 0
83 2
83 5
83 5
86 8
88 4
87 8
87 2
85 1
f>A Q
CA q
Rubber products §
1923-25=100
R1 *}
68 8
56 1
58 3
58 1
69 4
66 0
71 9
70 6
71 2
66 5
Rubber tires and tubes -1923-25= 100 ..
62.2
47.6
50.4
59.0
49.6
60.0
65.7
65.4
62.7
54.2
58.7
58.9
55.8
Textiles and products
1923-25=100—
57 5
74 7
71 1
78 5
84 6
75 3
86 8
82 4
84 5
75 5
78 9
68 4
70 9
Fabrics..1923-25=10082.2
80.4
49.1
80.2
73.1
72.5
84.5
83.3
78.0
74.9
70.1
76.5
72.0
a
7Q 5
Wearing apparel
- _ .1923-25 = 100
70 9
64 1
66 6
fid fi
73 4
61 3
87 8
88 5
86 4
7° 1
60 8
78 8
Tobacco manufactures
1923-25 =• 100. _
50.3
49.4
48.8
41.5
49.0
49.9
40.8
43.1
44.3
43.8
47.6
46.6
46.8
Factory by cities:
Baltimore*
- -1929-31 = 100. _
68 9
66 2
67 7
66 4
65 2
81 6
72 0
78 5
76 1
77 0
73 9
77 1
76 4
Chicago*
1925-27=10045.6
46.1
46.4
43.7
48.8
45.0
48.4
48.8
48.5
47.4
45.9
46.7
46.7
Milwaukee*
.1925-27= 100. _
82.6
56.7
58.8
60.7
66.4
67.7
73.4
75.2
78.5
77.2
77.9
77.5
76.3
r
New York*
1925-27=100 .
60 8
61 8
59 6
58 6
67 1
60 3
60 9
65 3
63 7
»9 7
62 3
57 4
56 8
Philadelphia* f
1923-25 - 100. . 79.8
66.4
72.4
70.8
72.5
75.1
74.4
75.2
74.6
73.0
76! 1
72.5
73.5
Pittsburgh*!
1923-25=100
50 3
53 7
56 4
67 0
54 7
55 8
65 8
64 1
66 3
65 5
60 5
65 8
56 6
Factory by States:
0
Delaware!
— 1923-25=100
70 9
65 1
61 7
67 7
61 6
61 2
62 8
61 5
62 5
62 7
66 4
70 8
65 1
Illinois*
1925-27=100—
55 6
48 6
49 8
47 4
48 2
48 8
62 7
64 1
54 6
53 0
62 3
53 5
51 8
Maryland*
1929-31=10072 5
72 1
70 9
73 0
70 5
82 5
85 5
78 0
81 0
80 4
79 7
80' 6
77 1
Massachusetts*!... 1925-27=100
52 1
61 9
46 6
58 7
62 3
50 9
57 3
60 8
60 9
58 2
57 3
56 8
59 8
PTQ 9
£q q
KO Q
New Jersey f
1923-25=100
59 0
58 1
64 8
58 8
58 3
59 7
61 5
69 6
60 8
60 9
New York
.1925-27=100..
57.2
65.9
57.3
58.3
58.0
56.1
60.9
63.1
62.9
61.2
60.2
62.5
59.5
Pennsylvaniaf
--- 1923-25=100
53 1
57 2
56 4
57 8
64 7
58 1
63 4
62 6
61 9
61 6
59 8
57 2
63 7
Wisconsin
— - 1925-27 -10062 6
62 0
57 8
60 8
60 2
78 1
69 3
69 7
67 3
69 4
70 5
76 2
74 3
Nonmanufacturing (B, L. S.):
Mining:
Anthracite
1929=10038.2
47.0
51.2
57.5
48.3
62.3
64.3
38.9
49.9
49.5
66.0
28.3
37.5
Bituminous coal....
1929=100..
60.4
51.4
57.6
59.6
58.3
67.0
66.1
67.5
45.0
49.1
64.7
45.8
35.6
29 9
Metalliferous
1929=100
25 9
35 4
29 4
30 1
28 2
28 5
30 9
31 8
31 4
31 5
31 2
33 4
Petroleum, crude production
1929=10063.2
69.0
65.6
59.7
60.8
59.5
54.9
56.0
56.7
57.8
58.3
59.2
60.7
Quarrying and nonmetallic_1929=10032.4
32.1
35.4
29.4
20.8
22.2
23.6
24.9
28.9
32.8
34.4
36.3
33.8
Public utilities:
Electric light and power and manufactured gas
1929=100
83 1
78 0
79 3
80 6
79 6
78 3
79 0
78 3
79 4
79 8
79 8
81 5
81 5
Electric railroads
—1929=10062.4
64.0
62.9
63.0
61.8
63.1
63.4
62.3
63.3
63.6
63.3
63.9
63.4
Telephone and telegraph. _ _ 1929 =10074.2
72.2
72.2
73.2
73.9
73.1
74.9
72.9
75.3
74.4
73.7
75.5
75.7
Trade:
62.5
66.2
Retail f
1929=100—
60.6
61.9
61.9
69.7
59.3
60.4
62.5
62.4
62.0
60.4
59.2
67.2
64.2
63.6
63.9
64.6
65.2
Wholesale!
1929=10064.5
64.8
64.8
64.6
64.6
64.8
64.7
Miscellaneous:
Dyeing and cleaning*!*
1929=100..
63.1
69.1
50.4
49.8
59.0
61.1
63.9
63.5
61.9
61.7
65.7
61.4
58.2
Hotels!
1929=10063.1
61.0
62.4
62.2
62.2
62.7
63.5
63.9
63.7
63.5
62.1
63.5
62.0
Laundries*!*
.1929=100
63 9
67 9
65 9
64 8
63 7
65 5
63 3
64 1
64 6
66 6
68 2
70 9
69 2
WAGES-EARNINGS AND RATES
Factory, weekly earnings (25 industries):*!^
All wage earners
dollars22.59
19.55
20.12
21.61
22.09
21.93
20.00
20.74
21.86
21.76 "21.46
21.75
° 22. 32
Male:
Skilled and semiskilled
dollars .. 25.07
21. 62
24.62
23.95
22.48
22.60
24.64
24.25
24.41
24.11
23.03
24.58
« 24. 97
Unskilled
dollars18.66
15.98
17.87
16.29
16.23
16.59
17.65
18.03
17.85
17.49
17.48
17.66
« 18. 16
Female
.dollars..
15. 56
15.21
15.21
14. 43
14.10
15.46
14.39
15.08
15.47
14. 83
14.73
15.33
14.77
* Revised
* For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Baltimore, p. 18, December 1932; pay rolls, Chicago,
p. 20, June 1933; pay rolls, Milwaukee, p. 18, December 1932; pay rolls, New York, p. 20, June 1933; pay rolls, Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh,
p. 18, January 1934; pay rolls, Maryland and Massachusetts, p. 18, December 1932; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933: factory
weekly earnings for period of Jan. 1927 through Aug. 1932, p. 20, October 1932. Data on pay roils for nondurable goods industries for the period January 1923-June 1935 are
shown on p. 19 of the August 1935 issue.
! Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Pennsylvania, Delaware, New Jersey, and
Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for these series and for the city of Pittsburgh, see p. 20 of the March 1935 issue; pay rolls, Massachusetts, for
1931, p. 19, August 1933 and 1932-34 p. 20, September 1935; pay rolls in wholesale and retail trade for 1930-34, inclusive, p. 20, March 1935; pay rolls in dyeing and cleaning establishments and laundries, p. 20, August 1934; hotels revised for the period January 1929-July 1935, inclusive; see p. 20 of September 1935 issue; factory weekly earnings A 1933, p. 20, July 1934.
for
Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue.
c? Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue.
 * The revised series on dyeing and cleaning and laundry employment shown in the August 1935 issue have been dropped by the B. L. S. and the publication of the
original
http://fraser.stlouisfed.org/ series resumed.
§ Data have been revised for the period January 1933-August 1935. Revisions not shown above will appear in the December 1935 issue.

Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

November 1935

Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- Septemin the 1932 Annual Supplement to the Surrey
ber

31
1935

1934
October

Novem- Decem- January Februber
ber
ary

March

April

May

June

July

August

EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES-EAKNINGS AND RATESContinued
Factory, weekly earnings (25 industries)—
Continued.
84.9
All wage earners
1923=100—
Male:
81.4
Skilled and semiskilled
1923-100..
83.8
Unskilled
.1923=100Female
---1923=100
90.3
Factory, av. hourly earnings (25 industries) :*fc?
All wage earners
dollars.601
Male:
Skilled and semiskilled
dollars.665
Unskilled
dollars.491
.434
Female
dollars..
Factory, weekly earnings, by States:
77 6
Delaware
..1923-26=100
79.2
Illinois
1925-27=100..
86.7
Massachusetts*t1925-27=10092 7
New Jersey
- - - -1923-25=100
New York
1925-27=100..
85.7
82.9
Pennsylvania
1923-25 = 100. .
Wisconsin
1925-27 «= 100
85 9
Miscellaneous data:
Construction wage rates:* §
Common labor (E. N. J?.)_dol. per hour..
.529
Skilled labor (E. N. R.).. dol. per hour1.08
Farm wages, without board (quarterly)
dol. per month. . 30.38
Railroads, wages..
dol. per hour..
Road-building wages, common labor :#
42
United States
dol. per hour
.54
East North Central
dol. per hourEast South Central
dol. per hour—
.30
Middle Atlantic
dol. per hour
.43
Mountain States
dol. per hour..
.57
New England
dol. per hour..
.46
Pacific States
dol. per hour
.57
.31
South Atlantic
-dol. per hour..
West North Central. __ _ dol. per hour..
.47
West South Central
dol. per hour..
.36
Steel industry:
U. S. Steel Corporation
dol. per hour..
.485
Youngstown district.. .percent base scale.. 115.0

73.5

75.2

75.6

77.9

81.2

83.0

82.1

82.4

81.8

«80.6

81.7

«83.9

70.2
71.7
81 8

73.0
73.1
83.7

73.4
72.8
83.5

74.7
74.5
87.5

77.8
79.2
88.2

80.0
80.9
89 7

78.7
80.1
89.7

79.9
80.2
88.2

79.3
78.5
86.0

78.3
78.5
85.4

79.8
79.3
85.7

«81.1
« 81. 5
88 9

.592

.593

.594

.594

.694

.595

.597

.598

.599

.599

.598

.601

.654
.480
.430

.656
.487
.428

.658
.490
.428

.656
.487
.428

.656
.491
.430

.659
.490
.431

.659
.494
.433

.650
.492
.434

.661
.493
.436

.660
.493
.436

.659
.489
.434

-.663
.491
.435

75 4
70 7
82.5
86 4
80 2
74.0
69 4

78.0
72.8
77.1
86 9
79.5
76.9
73.5

75.4
72.3
76.4
87 3
79.1
76.7
73 0

76.3
73.7
83.0
88 9
81.6
78.4
75.2

77.1
74.4
83.8
89.1
82.6
78.1
74 3

79 6
77.1
84.9
90 4
83 3
81.4
78 4

78 6
77.7
86.0
92 0
85.0
82.4
79 3

78.3
77.3
84.8
91.3
84.1
82.4
80.5

77 1
75 8
84.2
91 8
83 0
81.4
79 8

77.6
76.3
84.0
91 3
83.0
79.4
80 8

76 3
77.3
84.3
90 6
82 6
76.5
81 2

71 2
78 2
85.8
93 1
84 7
83.0
81 2

.535
1.12

.536
1.12

.539
1.12

.541
1.12

.538
1.11

.524
1.10

.524
1.11

.526
1.10

.523
1.08

.527
1.07

.529
1.08

.529
1.08

27.83
.629

.616

.632

26.69
.636

.647

.667

28.82
.647

.676

.669

30.08
.670

.662

.658

41
.50
.30
.42
.56
.44
68
09
. O4
.45
.34

41
.51
.30
.42
.55
.42
58
.32
.46
.34

41
.51
.30
42
.55
.42
57
.32
.47
.34

40
.52
.30
.42
.55
.42
57
.32
.48
.34

39
.62
.30
.42
.55
.43
57
.31
.47
.35

39
.53
.30
44
.55
.45
55
.31
.47
.36

39
.52
.30
44
.55
.47
55
.31
.46
.37

.40
.53
.30
.43
.56
.45
.55
.31
.46
.37

41
.53
30
43
.56
43
55
.31
.47
37

.42
.53
.30
43
.57
.43
56
.31
47
.37

42
.53
.30
43
.57
.43
57
.31
47
.35

42
.54
30
43
.57
44
57
.31
47
36

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

.485
115.0

516

493

466

413

375

343

321

322

FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total.. mills, of dol—
Held by Federal Reserve banks:
For own account
mills, of dol—
For foreign correspondents
mills, of dol
Held by group of accepting banks, total
mills, of dol- .
Own bills
.mills, of doL.
Purchased bills
mills, of dol—
Held by others
mills, of dol—
Com'l paper outstanding
mills, of dol—
Agricultural loans outstanding:
Farm mortgages:
Federal land banks
.mills, of dol—
Joint stock -land banks J.— mills, of dol—
Land bank commissioner*. mills, of dol—
Federal intermediate credit bank loans to
and discounts for: A
Regional agricultural credit corp's and
production credit ass'ns.. mills, of dol__
All other institutions
.mills, of dol—

328

539

562

561

543

1
1

301

1

503
223
280
35
192

516
245
271
45
188

517
252
265
44
178

497
243
254
46
166

485
238
247
30
171

452
217
235
41
177

423
197
226
43
182

391
178
214
22
175

356
162
193
19
173

317
154
163
26
159

296
148
148
24
164

292
145
147
30
177

2,047
190
765

1,811

1,849

1,886

1,916

1,943

276
552

266
587

256
617

246
643

1,961

1,975

1,976

285
516

239
665

230
687

1,998

2,017

223
697

215
716

208
733

2,024
201
743

2,036
195
755

115
60

118

105
83

101
88

100
90

100
88

103
87

115
86

124
89

130
83

131
68

129
64

<• 125

148
154
27
183

73 i

64

« Revised.
t Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues. Massachusetts weekly earnings for 1931. n 19 Aueust
1933; and for 1932-1934, p. 20, September 1935; factory hourly earnings for 1933, p. 20, July 1934.
'
c? Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue.
§ Construction wage rates as of Oct. 1, 1935, common labor, $0.529; skilled labor, $1.10.
# Beginning with March 1932 data are based on Federal aid and State projects; before that time the data are based on Federal-aid projects,
t Joint stock land banks in liquidation.
* New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Factory weekly earnings for period of January
1927 through August 1932, p. 20, October 1932; factory hourly earnings for January 1926-December 1931, p. 18, December 1932; weekly earnings Massachusetts for January
1926-December 1931, p. 18, December 1932; construction wage rates for January 1922-July 1933, p. 19, September 1933. Additional series on agricultural loans were first
included in the June 1934 issue for Land Bank Commissioner for July 1933-April 1934.
A Breakdown of figures shown in issues up to November 1934.




32

SURVEY OF CUEEENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary
ber

November 1935
1935

March

April

May

June

July

August

FINANCE—Continued
B ANKIN G— Continued
Agricultural loans outstanding— Continued.
Other loans:
Agricultural marketing act revolving
fund loans to cooperatives t
mills, of dol—
50
47
55
54
50
55
57
57
60
Banks for cooperatives, incl. Central
25
Bank*
mills, of dol—
29
43
23
28
28
25
28
30
Emergency crop loans*
mills, of doL.
76
122
75
78
91
77
83
78
95
Prod. cred. ass'ns*
mills, of dol._
71
61
105
65
86
61
58
58
97
82
Regional ag. credit corp.*— mills, of dol._
80
59
107
87
85
97
91
78
25 730
Bank debits total
- mills, of dol_. 29 141 24 009
30 063
31 744
24 752
30 915
31 651
26 750
12, 549
New York City
mills, of doL. 14 014
15 214
14 997
11 122
15 895
12 286
11 343
15 905
Outside New York City
mills, of doL. 15, 127
13, 181
15, 849
15, 066
12, 888
14, 465
15, 701
15, 746
13, 409
Brokers' loans:
Reported by N. Y. Stock Exchange
mills, of doL.
816
781
773
832
825
880
831
805
827
Ratio to market value
percent..
2.54
2.50
2.50
1.93
2.57
2.59
2.62
2.40
2.45
By reporting member banks:
To brokers and dealers in N. Y.*
mills, of dol._
726
821
702
720
693
598
660
881
To brokers and dealers outside N. Y.*
mills, of doL.
166
170
54
166
58
153
155
184
Federal Reserve banks:
8,873
8,833
Assets, total
mills, of doL.
8,442
8,220
8,719
9,872
8,332
8,229
9,096
Reserve bank credit outstanding
mills, of dol..
2,465
2,464
2,463
2,461
2,471
2,477
2,455
2,453
2,468
6
Bills bought
mills, of dol—
5
6
6
6
6
5
6
5
Bills discounted
mills, of dol6
8
15
7
7
11
11
10
6
United States securities.. mills, of doL. 2,430
2,430
2,437
2,431
2,430
2,430
2,430
2,430
2,430
5,807
Reserves, total
mills, of dol._
6,825
5,401
5,680
6,196
6,838
5,212
5,317
6,014
Gold reserves!
mills, of dol—
5,559
5 592
5 405
4 980
5 143
6 633
4 989
5 107
5 769
8,873
8,833
Liabilities, total
mills, of do}..
8,442
8,719
9,872
8,220
8,332
8,229
9,096
4,889
4,893
Deposits, total
mills, of doL.
4,810
4,405
5,613
4,257
4,262
5,084
4,313
4,587
Member bank reserves
mills, of dol._
4,247
3,934
4,543
4,096
5, 254
4,081
4,006
4,715
2,199
Excess reserves (est.)*.. .mills, of dol~
1,846
1,814
2, 206
1,727
2,253
1,748
2,630
1,801
3,154
3,221
Notes in circulation
mills, of dol_.
3,166
3,085
3,474
3,167
3,161
3,213
3,153
72.2
72.3
72.0
Reserve ratio
percent70.0
70.8
75.3
70.2
70.6
73.0
Federal Reserve reporting member banks:*
Deposits:
14,175
Net demand t
mills, of dol— 16 308
14, 027
14, 087
13 685
14 822
13 627
13 083
13 476
4,449
4,476
4,434
4,388
4,430
4,471
4,392
4,556
Time
mills, of dol..
4,474
10, 723
10,900
10, 683
Investments
mills, of dol.. 11, 524
10, 575
10, 017
10, 993
10,030
10, 059
U. S. Qov. direct obligations* •
mills, of dol. . 7,588
7,227
7,192
7,280
7,237
7,324
6,715
6,639
U. S. Qov. guaranteed issues* •
mills, of dol..
702
660
583
601
981
629
709
555
2,836
2,918
Other securities* •
mills, of dol..
2,845
2,955
2,800
2,960
2,862
2,789
7,598
7,609
7,646
7,561
Loans, total
mills, of dol..
7,556 ~~~7,~794~
7,696
7,705
7,807
Acceptances and commercial paper* ^
440
mills, of dol436
439
312
436
452
387
456
965
966
971
977
On real estate* •*•
mills, of dol—
960
963
979
986
2,995
2,974
3,024
3,081
3,112
On securities
mills, of doL.
2,986
3,047
3,051
3,017
3,198
3,233
3,152
Other loans* ±
mills, of dol._
3,127
3,234
3,298
3,257
3,314
Interest rates:
Acceptances, bankers' prime
percent..
H
H
H
H
H
WK H-M6
X
1.00
25
1 00
Call loans renewal
percent. _
1 00
64
1 00
1 00
1 00
Com'l paper, prime (4"-6~ mos.). -percent%
M
H-i
H
H-i
H-i
H-i
1.50
1.50
Discount rate, N. Y. F. R. Bank-percent—
1.50
1.50
1.50
1.50
1.50
1.50
1.60
5.00
6.00
6.00
4.33
Federal Land bank loans*
percent-.
4.00
6.00
5.00
6.00
5.00
2.00
2.00
Intermediate credit bank loans.. .percent. _
2.00
2.00
2.00
2.00
2.00
2.00
2.00
Real estate bonds, long term
percent—
Time loans, 90 days
percentM-l
H-l
M-l
M-l
H-i
H
M-i
H-i
H-i
Savings deposits:
5,147
5,142
6,185
6,154
5,158
New York State.
mills, of dol—
5,179
5,145
6,119
5,128
U. S. Postal Savings:
Bal. to credit of depositors. thous. of dol.. 1,191,723 1, 192, 764 1,198,578 1,203,548 1, 207, 428 1, 200, 767 1, 205, 429 1,202,657 1,200,425
Bal. on deposit in banks. thous. of dol— 323, 092 573, 022 559, 918 550, 608 539, 547 508, 312 490, 653 477,111 451, 563

H-l

«

,ft

47

49

49

32

24

25

124
105
77
30 206
14 551
15, 655

126
110
73
31, 581
15, 667
15, 914

127
113
69
33 ^94
16 737
16, 657

112
65
30 376
14 733
15, 643

793
2.29

809
2.23

769
1.98

772
1.94

828

886

793

751

58

66

57

56

9,165

9,529

9,556

9,749

2,469
5
8
2,430
6,108
5 901
9,165
5, 146
4, 832
2,318
3,189
73.3

2,480
5
6
2,433
6,426
6,203
9,529
5,406
4,979
2,414
3,258
74.2

2,465
5
2,430
6, 515
6 246
9,556
5, 478
5, 100
2,513
3,262
74.5

2, 485
5
11
2,432
6,716
6 502
9,749
5, 562
5, 305
2,738
3, 399
74.9

15 003
4,497
10, 859

15,514
4,385
10,960

15 517
4,398
11, 180

15, 950
4,387
11,188

7,211

7,279

7,380

7,310

704
2,944
7,612

846
2,835
7,548

892
2,908
7,327

927
2, 951
7,345

359
960
3,054
3,239

307
957
3,099
3,185

291
949
2,967
3,120

297
948
2,899
3,201

M
.25
%
1.50
4.25
2.00

X
.25

H
.25
H
1.50
4.00
2.00

H
.25
H
1.50
4.00
2.00

A

4.19
2.00

46
31
' 125

H

H

H

H

5,152

5,187

5, 161

5,152

1,205,201 «1 , 204, 844 1,189,593 1,191,261
411,714 *384, 510 352, 592 333,825

FAILURES
Commercial failures:
910
931
1,005
976
1,027
961
963 - 1, 184
1,115
806
Total
number..
790
923
1,091
65
76
92
74
116
99
100
89
78
Agents and brokers
number
57
64
117
103
197
228
237
243
229
223
269
260
Manufacturers, total
number..
225
189
214
223
258
1
4
6
9
6
10
4
Chemicals, drugs, and paints-number—
10
8
4
7
6
3
26
32
21
20
15
17
21
25
32
Foodstuffs and tobacco
number..
21
19
16
28
1
11
9
9
9
9
14
Leather and manufactures.. .number..
5
9
7
9
10
7
23
33
17
32
28
33
41
12
32
28
35
Lumber
number..
24
30
23
27
27
29
25
26
28
15
26
37
Metals and machinery
number..
26
19
28
9
7
4
10
9
11
10
17
14
15
Printing and engraving
number..
9
12
12
16
11
12
7
11
11
8
4
8
9
7
12
11
Stone, clay, and glass.
number-26
51
31
24
37
40
30
27
43
29
19
Textile5'
number
30
30
72
75
93
88
80
93
97
79
88
82
76
Miscellaneous
number..
96
112
0
Revised.
t Revised series. Certain classes of loans included in figures shown through May 1934 have been reclassified and removed from the agricultural loan category.
* New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues. Additional series on agricultural loans were first included
in the June 1934 issue for banks for Cooperatives, including Central Bank and Productive Credit Associations, for October 1933-April 1934, and Emergency Crop Loans
and Regional Agricultural Credit Corporations for April 1933-April 1934. Data for Emergency Crop Loans for fiscal years from June 1922-Jtme 1931, and monthly periods
for January 1932-March 1933, and Regional Credit Corporations for October 1932-March 1933 will be shown in a subsequent issue. New series on "Brokers' Loans"
not available for periods not shown. For brokers' loans by reporting New York City member banks, see November 1934 and previous issues. Earlier data for Federal
Reserve member banks shown on p. 18 of the January 1934 issue except as noted below. These data cover 90 cities and supersede the previous data for 101 cities. They
are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which discontinued reporting. See special
notes below on Foreign Reserve member bank loans and investments. For new series on interest rates of Federal land banks see p. 20 of the April 1935 issue. Data on
excess reserves prior to September 1934 will be shown in a subsequent issue.
* These 3 series represent a break-down of the investment total. Monthly data previous to October 1934 not available.
* Data on acceptances and commercial paper, on real estate and other loans represent a break-down of the "All other" loans total which has previously been shown.
If added, they give a tor.^i comparable to figures formerly presented.
§ Figures subsequent to December 1933 represent gold certificates on hand and due from Treasury, plus redemption fund.
t Method of computing net demand deposits subject to reserve was changed by the "Banking Act of 1935" approved Aug. 23, 1935. Consequently figures since that
date are not comparable with those for earlier periods. Data for months August 1934-August 1935 were incorrectly shown in the October 1935 issue.




33

SURVEY OF CUEEENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1935
February

March

April

May

June

July

August

FINANCE—Continued
FAILURES-Continued
Commercial failures— Continued.
Total— Continued.
560
Traders, total
number
Books and paper.
number..
5
Chemicals, drugs, and paints
number.41
Clothing
number ..
65
270
Food and tobacco
number
General stores. .
-number-23
59
Household furnishings
number _ .
Miscellaneous
--.number. .
97
Liabilities, total
thous. of dol__ 21, 838
Agents and brokers
-thous. of doL. 7,386
4,212
Manufacturers, total
thous. of dol_Chemicals, drugs, paints
221
thous. of dol. .
Foodstuffs and tobacco- -thous. of dol..
303
Leather and manufactures
thous. of doL_
276
Lumber
thous of dol
111
Metals and machinery __thous. of dol._
233
Printing and engraving., thous. of dol..
90
Stone, clay, and glass thous. of dol..
187
Textiles
thous. of dol
587
Miscellaneous.
thous. of dol_. 2,204
Traders, total
thous. of dol_. 10, 240
Books and paper
thous. of dol_.
27
Chemicals, drugs, paints
thous. of dol. .
327
Clothing
thous. of dol
1 107
Foods and tobacco
thous. of dol._
5, 561
General stores
thous of dol
203
Household furnishings— thous. of dol—
1,863
Miscellaneous
thous of dol
1 152

612
9

716
3

597
1

638
6

826
13

660
8

654
10

777
12

692
13

657
9

620
9

648
9

41
66
230
31
64
71
16, 440
1,735
7,467

68
107
335
22
65
116
19, 968
4,477
5, 927

62
106
270
12
52
94
18, 350
4,988
6,396

55
129
274
26
60
88
19,911
4,503
7,578

76
164
320
18
118
117
18,824
5,375
5,319

53
128
296
24
70
81
18, 738
4,722
6,383

56
86
293
26
87
96
18, 523
5,006
6,842

47
110
345
33
103
127
18, 064
2,673
5,601

80
85
330
25
71
88
15, 670
2,171
6,205

65
102
281
18
86
96
20, 463
8,789
4,827

59
85
285
26
75
81
20, 447
6,838
4,994

53
114
282
24
66
100
17, 846
5,138
5,853

291
178

38
263

20
237

36
271

157
209

164
97

62
135

382
160

162
383

91
249

70
362

8
126

365
1 892
1,737
85
365
673
1,881
7,238
177

73
1 654
333
139
312
418
2,697
9,564
57

94
1 018
342
183
316
481
3,705
6,966
5

73
1 652
991
281
138
350
3,786
7,830
51

59
836
818
135
132
550
2,423
8,130
124

315
1 291
1,054
180
2fi5
784
2,233
7,633
61

235
1 678
1,761
83
269
670
1,949
6,675
63

234
1 474
287
363
302
527
1,872
9,790
117

141

827
205
123
488
3,032
7,294
243

187
668
752
13
634
576
1,657
6,847
123

339
784
956
145
579
765
2,838
8,615
43

3
880
1,201
102
454
786
2,293
6,855
59

436
504
3,362
320
988
1 451

568
994
4,087
532
1, 054
2 272

634
1 027
2,567
155
1,117
1 461

478
1 719
2,942
311
678
1 651

580
1 431
2, 573
158
1,789
1 475

421
1 044
3', 028
327
845
2 107

525
622
2,730
551
744
1 440

398
761
4,924
329
1,376
1 885

719
556
3,438
165
914
1 259

823
588
2,288
235
1,317
1 423

496
1 064
3,734
200
1,109
1 969

419
688
2,997
232
678
1 782

17, 798
5,141
1,023
4 118

17,891
5,077
1,001
4,076

17, 982
4,997
971
4 026

18, 040
4,917
950
3 967

18, 176
4,877
932
3 945

18. 247
4,819
917
3 902

18, 302
4,765
898
3 867

18,382
4,717
883
3,834

18, 479
4,668
868
3 800

18, 567
4,631
855
3,776

18, 696
4,590
844
3 746

18, 786
4,522
831
3,721

7,392
2, 407
1, 754
2,619
612

7,517
2, 503
1, 758
2,626
630

7 003
2,577
1,784
2 630
612

7 834
2,804
1,791
2 629
610

7 948
2,878
1,805
2 630
635

8 016
2, 959
1,812
2 635
610

8 097
3,013
1,829
2 637
618

8 201
3,087
1,850
2 643
621

8 327
3,163
1,881
2 639
644

8,375
3,199
1,888
2 637
651

8 531
3,264
1,973
2 623
671

8 639
3,318
1,998
2,627
696

2,886

2, 880

2,869

2,868

2,861

2 854

2 846

2,841

2,834

2,829

2 821

2,813

880
16
654
211
551, 556
21, 087
170,935
359, 534

1,104
25
821
258
694, 718
36, 206
216, 439
442, 073

1 061
1 260
21
54
922
784
284
256
676, 757 838, 576
71, 394
28, 137
205 463 239 873
443, 157 527, 309

1 051
24
745
282
824, 903
27, 348
196 255
601, 300

1 054
14
790
250
721, 391
20, 388
209 017
491, 986

1 185
23
892
269
768, 491
30,611
235 261
502, 619

1,103
1 151
38
32
804
854
261
265
733, 870 732, 188
50, 231
37, 495
228 188 215, 323
468, 187 466, 634

1 047
28
769
250
697, 471
39, 5? 7
205 951
451, 983

1 161
167
756
238
904, 149
267, 582
203 465
433, 102

1 022
24
764
234
651, 193
26, 524
208 508
416, 161

211,892
22, 760
7,870
50 772
130 490

245, 252
27, 165
8,344
55 301
154, 442

236, 514
36, 771
7,845
48 392
143 506

367, 481
73, 579
9,753
104 056
180 093

302, 195
71, 797
9,864
52 549
167 985

244, 330
27, 352
8,785
53 512
154 681

252, 456
26, 605
10, 134
54 257
16l' 480

252, 982
29, 231
8,580
54 625
160* 546

255, 226
33, 800
8,966
48 658
163 802

242, 554
30,611
8,415
52 331
151 197

269, 121
39, 836
9,567
55 488
164 230

240, 321
32, 591
9,281
51 561
146 888

400
162
40
52
146

495
213
49
58
175

476
206
46
57
167

590
251
59
71
209
135

645
305
55
70
215

534
231
53
61
189

545
233
54
64
194

540
226
54
66
194

500
203
52
62
183

490
201
51
59
179
126

483
199
50
58
176

456
183
150
57
166

844

LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalf—
mills, of doL.
Mortgage loans..
mills, of dol_.
Farm
mills, of doL.
Other..mills, of dol
Bonds and stocks held (book value):
mills, of dol
Government
mills, of dol_.
Public utility
mills, of dol._
Railroad
mills, of dol
Other A-.mills, of dolPolicy loans and premium notes
mills, of dol..
Insurance written:!
942
Policies and certificates .
thousands
Group
thousands
20
Industrial
thousands
699
Ordinary
thousands..
223
Value, total.
thous. of dol._ 573, 481
Group
thous. of doL. 22, 501
Industrial
. thous. of dol 190 044
Ordinary.^
thous. of doL. 360, 936
Premium collections!
thous. of dol._
Annuitiesthous. of dol._
Group
_
thous. of dol_.
Industrial
thous of dol
Ordinary
thous of dol
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, total
mills, of dol_ .
Eastern district
mills, of dol
Far Western district
mills, of dol. _
Southern district
mills, of dol_.
Western district...
.mills, of dol_.
Lapse rates.
_
1925-26=100

414
168
44
53
149

MONETARY STATISTICS
Foreign exchange rates:#
Argentina •
dol. per paper peso
.326
329
.333
.330
.325
329
330
333
326
318
322
330
331
Belgium
dol. per belga..
.235
.234
.169
.169
.237
.233
.233
.233
.228
.169
.169
.169
.169
Brazil
dol. per milreis..
.082
,083
.082
.082
.083
.083
.082
.081
.082
.083
.083
.084
.083
Canada
dol. per Canadian dol
1 021
1 029
999
1 025
993
1 013
1 002
999
991
998
999
995
998
Chile^
dol. per peso
051
051
. 103
.103
104
.102
051
051
051
051
051
051
' 051
England
dol. per £__
4.94
4.99
4.99
4.95
4.89
4.89
4.93
4.87
4.78
4.84
4.93
4.96
497
France
dol per franc
.066
067
066
066
066
066
066
OP6
066
066
066
066
066
Germany
dol. per reichsmark
.402
402
.402
402
.403
.405
401
401
.404
403
404
404
403
India
dol. per rupee-.372
.376
.371
.372
.369
.375
.368
.360
.369
.372
.373
.364
.375
Italy
dol. per lira..
.082
.087
.081
.086
.085
.085
.085
.085
.083
.082
.082
.083
.083
Japan__
dol. per yen
990
292
.289
.298
.287
.291
287
288
280
293
285
284
284
Netherlands..
dol. per florin
.676
.686
.681
.676
.676
.675
676
676
.680
680
675
678
679
137
Spain
dol per peseta
138
137
137
137
136
137
137
137
137
137
137
137
.254
Sweden
dol. per krona
.255
.258
.257
255
252
251
252
246
249
256
256
254
:__
Uruguay
_dol. oer DGSO__
.801
.812
.806
.802
.802
.800
.801
.805
.802
.801
804
.805
.805
t Revised series. F9r earlier data see pp. 18,19, and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections.
1 The nominal official gold value of the Chilean peso was changed from 3 pence gold to l}4 pence gold as of Jan. 2, 1935.
# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.
• Quotation based on paper peso since Dec. 10,1933, instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.
A The figures for "other" bonds and stocks held (book value) for the months of January and February 1934 shown as 611 and 616 million dollars, respectively, in the
monthly issues from May 1934 to April 1935 should read 514 for January and 518 for February.




34

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary
ber

November 1935
1935

March

April

May

June

July

August

FINANCE—Continued
MONETARY STATISTICS-Continued
Gold and money:
Gold:
Monetary stocks, U. S
mills, of dol..
9,246
7,971
7,989
8,191
8,047
Movement, foreign:
260
Net release from earmark.thous. of doL.
1,015
2,419
-85
61
22, 255
2,173
140
Exports
tlious. of dol~
86
310
Imports
thous. of dol-_ 156, 805
3,585
13, 010 121, 199 92, 249
Net gold imports, including gold released from earmark A*-thous. of doL. 155, 704 -16,251 11, 097 120, 804 92, 170
Production Rand
fine
ounces..
857, 442 885 627 878, 847 866, 037
Receipts at mint, domestic-fine ounces. - 173, 899 144, 313 153, 887
96, 365 119,864
5,651
5,473
Money in circulation, total-mills, of dol..
5,427
5,494
5,577
Silver:
1,424
1, 162
Exports
_
thous. of doL.
1,472
1,014
1,698
Iinports
thous. of doL. 45, 6S9
14, 425
15,011
20, 831
8,711
524
Price at New York
dol per fine oz
495
543
544
654
15 032
Producton world *
thous. of fine oz
20 005
15 581
15 349
15 462
Canada
thous. offineo z _ _ 1 185
1,512
1 039
1 517
1, 187
Mexico
thous. of fine oz._
6 821
6,241
5,614
6,098
United States
thous. of fine oz
1 786
2 917
2 099
1 976
3 548
Stocks, refinery, end of month:
United States
thous. of fine oz._
5,465
4,419
1, 146
1 691
916
2,593
Canada
thous. of fine oz.2,739
2,955
2,743
1 746

8,284

8,465

8,552

8,641

8,755

9,025

9,128

9,180

1,131
363
149, 755

236
46
122, 817

—661
540
13, 543

-2, 301
62
148, 670

-1,535
49
140, 065

998
166
230, 538

-423
59
16, 287

1, 373
102
46, 085

150, 523
890, 875
98, 590
5, 411

123,007
821, 246
79, 564
5,439

12, 342
882, 309
117, 786
5,477

146, 307
869, 956
97, 080
5,500

138, 481
916, 035
114, 552
5,507

231, 370
889, 026
112, 619
5, 522

15, 805
927, 803
167, 667
5, 550

47, 356
929 331
155, 793
5, 576

1,248
19, 085
544
16 703
1,531
6 892
2 722

1,661
16, 351
546
16 167
905
6,640
3 411

3,128
20, 842
590
14 951
966
5,107
2 950

1,593
11,002
.678
14, 550
1,001
5,192
2,579

2,885
13, 501
.744
16, 072
1, 896
5,193
2,693

1,717
10, 444
.719
15, 157
1, 148
5,432
2 387

1,547
30, 230
682
17 284
1, 156
6, 454
3 352

2,009
30, 820
664
17 414
1, 703
« 8, 553
3 170

1,369
3,452

1,614
3,144

1,853
3,106

2,372
2, 513

3,280
2,112

2,351
1,930

1,943
1,842

1,487
1,576

NET CORPORATION PROFITS
(Quarterly)
Profits totalf
mills, of dol- .
Industrial and mercantile, total
mills, of doL .
Autos, parts and accessories
mills, of dol__
Foods..
...mills, of dol-.
Metals and mining
mills, of doLMachinery
mills, of doL.
Oil
__
mills, of dol .
Steel and railroad equip mills, of doL.
Miscellaneous...
mills, of dol._
Public utilities! —
mills, of dol..
Railroads, class I (net railway operating
income)
mills, of doL.
Telephones (net op. income) .mills, of dol.-

358.5
»87.4

*58.9

115.2

157.8

20.2
24.0
6 4
3.8
95
d
16. 4
39.9
33 2

<**>3.0
f> 17. 9
J> 8 4
2.4
86
d
!0 5
»35. 1
41 6

f45. 6
18.9
9.4
4.6
d19

67.7
19.2
»9. 4
6.5
v 10 6
4.2
6.5
42 4

115.9

119.3

84.8

o.s

35.6
44 7

110.0
48.3

PUBLIC FINANCE (FEDERAL)
28, 668
Debt, gross, end of month
mills, of doL. 29, 421 27, 190
29,033
28,476 28,526 28, 817
28,638 28,701 29, 120
27, 299 28, 479
27, 188
Expenditures, total (incl. emergency) 0*
701,774
thous. of doL. 457, 776 462, 034 771, 530 656, 589 663, 725 481, 343 528,998 576, 224 815, 151 a 283, 651 930, 747 847, 317
Receipts, totalf
thous. of dol— 586. 339 515, 383 302, 287 292, 219 439, 088 233, 486 237, 248 645, 605 267, 822 266, 178 496, 042 301, 883 330, 301
31, 453
37,127
Customs
.-.thous. of dol.. 29, 704
29, 711
32, 303
26. 351
30, 339
24, 960
28, 177
36, 174
30, 509
28, 376 32, 428
229, 639
Internal revenue, total
thous. of doL. 378, 870 379, 738 209, 697 189, 119 333, 785 194, 366 181, 621 557, 304 194, 083 206, 677 427, 906 236, 962
24, 385 24, 835 251 889
23, 172
Income tax
.
thous. of dol-_ 230 227 171 177
23, 963
22 321
22 528 163 057
19 189
33 310 321 908
Reconstruction Finance Corporation loans
outstanding, end of month: f§
Grand total
._
thous. of dol_. 2 829 186 2 668 746 2 649 695 2 664 115 2 682 007 a2 657,851 °2 652 006 a2 636.883 "2.644,990 a2,659,850 a2 747 497 2,813,311 2, 822, 360
Total section 5 as amended.thous. of dol._ 1,061,465 1,277,641 1,275,322 1,285,262 1,295,746 « 1,25 1,295 "1,217,078 «L 179,938 al,163,714 «1, 160,976 1,137,162 1,102,849 1, 082, 977
Bank and trust companies, including
441, 825
receivers
thous. of dol_. 427, 657 584, 037 579, 817 595, 070 626, 390 «591, 633 «564, 481 "535, 362 a519, 200 a498, 977 480, 404 455, 928
9,494
Building and loan assoc.thous. of dol..
10, 294
10, 307
24, 604
22, 558
15, 477
9,808
8, 954
27, 697
19, 951
13, 428 a 12, 129 « 11, 182
a
21, 157 * 19, 841 19, 231
17, 628
18, 052
Insurance companies
thous. of dol._ 17, 163
22, 526 • 21, 959
23, 953
30, 532
29, 852
29, 250 24, 745
Mortgage loan companies
thous. of dol._ 132, 346 160, 057 158, 762 155, 628 159, 736 «155, 850 154, 957 «151,491 "148, 861 "146, 257 145, 551 139, 972
136, 396
Railroads, incl. receivers.thous. of doL. 412, 903 343, 595 353, 491 361, 830 376, 894 379, 464 379, 702 380, 199 «386, 612 «413, 414 414, 344 413, 338 « 413, 350
All other under section 5_ thous. of dol.. 62, 442 131, 723 128, 796 120, 926 88, 030 u 84, 928 81, 984 a 78, 798 « 76, 702 0 72, 702 67, 824
65, 252 a 64, 284
Total emergency relief and construction
724, 797
act as amended
thous. of dol_. 746, 800 504, 035 473, 910 465, 591 473, 037 478, 385 481, 064 «4S9, 673 a502, 596 "512, 671 «614, 743 700, 359
154, 690
Self-liquidating projects.thous. of doL. 168, 259 111,062 112,063 116,891 122, 536 125, 203 127, 604 «132, 134 "134, 268 "137,311 146, 457 148, 525
Financing of exports of agricultural sur14, 517
14, 517
pluses
thous. of dol
14 953 a 14, 962
14 926 °14 531
15 216
14 992
15 176 a 15 163
14 954
15 176
14 300
Financing of agricultural commodities,
257, 969
and livestock
thous. of doL. 267, 142
80, Oil
48, 626
35, 935 37, 552
40, 288 0 40, 579 « 44, 875 « 55, 656 « 62, 744 156, 086 239, 629
Amounts made available for relief and
297, 621
work relief
thous of dol
297 099 298 009 298 006 297 774 297 774 297 718 297 718 297, 711 °297, 710 297, 690 297, 689 297, 688
Total bank conservation act as amended
a
thous. of dol. _ 904, 341 827, 374 837, 742 849, 432 863, 984 873, 979 895, 904 «902, 833 "900, 013 902, 099 905, 262 903, 508 902, 629
Other loans and authorizations
111,957
62, 721
63, 830 49, 240
54, 192 « 51, 960 « 64, 439 « 78, 667 « 84, 104 « 90, 330 106, 595
thous. of doL. 116, 580
59, 696
d
* Or exports (—).
« Revised.
» Preliminary.
Deficit.
• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series for the period January 1928-August 1934 presented
in the SURVEY covered the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931,82.0; 1932,75.5;
and 1933, 77.5.
c? Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures
for the period May 1932 to March 1933 are on p. 33 of the June 1934 issue. Later data are shown in monthly numbers.
" The item of $333,245,378 carried by the Treasury as a credit under the trust funds for May represents a transfer of that amount from the general fund to the trust funds.
Amount represents deposits of governmental agencies for which Treasury has been acting as fiscal agent. The amount therefore has not been included in the May total of
receipts and expenditures.
1 For 1934 includes $2,808,221,138 for February, $2,233,252 for March, $409,052 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843
for September, $173,702 for October, $116,585 for November, $132,296 for December. For 1935 includes $123,639 for January, $68,241 for February, $157,326 for March, $89,144
for April, $96,103 for May, $105,773 for June, $65,219 for July, $62,055 for August, and $62,946 for September, representing the increment resulting from reduction in weight of
gold dollar.
* For earlier data on net gold imports see p. 20 of the December 1932 issue.
§ This excludes relief grants to States by the R. F. C. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Administrator. During 1934 these amounted to $499,650,000 on Jan. 31, Feb. 28, Mar. 31, and Apr. 30, $500,000,000 disbursed for relief purposes under Emergency Appropriation Act
of 1935, and $10,000,000 purchase of stock in R. F. 0. Mortgage Co. and $12,500,000 for preferred stock subscription in export-import banks.
t Revised series. See p. 19 of the July 1934 issue, corporation profits total for period 1928-35 and p. 20 of the October 1935 issue for public utilities, 1928-35. The data of
the Reconstruction Finance Corporation has been revised to include the statistics of certain loaning agencies of the Corporation not included heretofore and for revisions
made in recent audits. Revised data for February 1932-June 1935, inclusive, are shown on p. 20, of August 1935 issue.




Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

35

SURVEY OF CURRENT BUSINESS

November 1935
1935

1934

1

1935

Septem-l Septem- October Novem- Decem- January Februber | ber
ber
ber
ary

March

April

288, 495
288, 495

503, 148
503, 148

May

June

July

August

FINANCE—Continued
CAPITAL ISSUES
Total, all issues (Commercial and Financial
Chronicle)
thous. of dol—
Domestic total
thous. of dol—
Foreign, total
thous. of dolCorporate, total
thous. of doL_
Industrial
thous. of dol__
Investment trusts..
thous. of doL_
Land, buildings, etc
thous. of dol__
Long-term issues
thous. of doL_
Apartments and hotels
thous. of doL.
Office and commercial
thous. of doL _
Public utilities
thous. of dol__
Railroads .
thous. of doL_
Miscellaneous
thous. of doLFarm loan and Gov't. agencies •
thous. of doL _
Municipal, States, etc
thous. of doL_
Purpose of issue:
New capital, total
thous. of doL_
Domestic total
thous. of doL_
Corporate
thous. of doL_
Farm, loan and Gov't. agencies
thous. of doL_
Municipal, States, etc. thous. of dol__
Foreign
thous. of dol__
Refunding, total
thous. of doL.
Corporate
thous. of dol__
Type of security, all issues:
Bonds and notes, total
thous. of doL_
Corporate
thous. of doL_
Stocks
thous. of doL _
State arid municipals (Bond Buyer):
Permanent (long term)
thous. of doL_
Temporary (short term) ..thous. of doL.

435, 763 « 71, 007
435 763 « 71, 007

0

275, 854
94, 707

0

17, 187
1,300

0
475
0

0
0
0

0

157, 574
157, 574

0

31, 390
9,390

141,668
131,668
10,000
29, 800

0
0
0
0

0

600
0
0
0

0

0

0

164, 172
16, 500

20,000
2,000

28, 000
1,200

0

13, 187
1,200
1,500

0

12, 700
147, 209

13, 000
0
40, 820

83,000
43, 184

10, 000
91, 868

177, 139 « 39, 293 121, 903
0
39, 293 121, 903
177, 139
390
7,187
45, 087
83, 000
38, 513

0

0

0

o

0

132, 052 « 32, 106

0

0

186, 127
186, 127

0

47, 259
4,038
18, 500

140, 852
140, 852

0
7,726
4,319

0
0

0
0
0

0

0

95, 818
95, 818

0

29, 791
7,791

0

120, 165
44, 750

0
0
0

0
0
0

0

0

155, 878
21, 200

0

0
568
568

470, 850
470, 850

0

126. 760
86, 700

0
325
325

0

511,910
511,910

0

129,164
28,500

0
0
0

0

0

0

0

2,963

290

0
444

11, 000
8,000
3,000

58, 470
16,945

0

84, 339
27, 400
22,372

19, 500
20, 235

88, 164
12, 500

18, 300
120, 568

36, 200
96, 926

12, 500
53, 527

20,000
148, 330

195, 500
151, 770

267, 394
76, 696

319, 000
63, 746

107, 036
107, 036
8,227

140, 941
140, 941
34, 861

92, 097
92, 097
5,267

50, Oil
50, Oil
6,500

108, 079
108, 079
7,945

89, 850
89, 850
21,988

86, 395
86, 395
45, 193

58, 083
58, 083
13, 676

10, 000
88, 809

0

6,000
80, 830

0

0

106, 080

43, 511

100, 134

3,500
64, 362

41, 202

o

0

0

o

0

0

0

0

o

0

541,975
173,433

435, 921
359, 921
76, 000
209, 862
92, 378

o

5,660

0

0

0
0

0

0

1,360
23,072

0

644. 452
644, 452

0

0

0

0
0

0

0

338, 591

29, 300

35,412
73, 412
3,000

10, 500
91, 977

85, 562
64, 498

134, 127
134 127
55,' 090

151, 537
151, 537
29', 795
85, 262
36, 480

651

0

0

o

44, 407

83,322

Q

Q

Q

258, 624 « 31, 714
10, 000
230, 767

35, 671
31, 000

34, 632
21, 573

45, 185
12, 398

48, 755
2,459

45,807
23, 291

180, 416
112, 220

413, 299
113, 891

384, 455
81, 567

453, 827
115,488

510, 325
486, 885

284, 385
180, 067

431, 936 « 68, 707
17, 187
275, 854
2,300
3,827

157, 184
31, 390

141, 668
29, 800

o

184, 800
47, 259
1,327

138, 848
5,722
2,004

95, 818
29, 791

288, 495
120, 165

0

498, 454
155, 879
4,695

464, 650
120, 560
6,200

511,910
129, 161
Q

611,219
508, 742
33 233

406, 559
209, 862
29 362

39, 667
98, 583

69, 748
14, 079

89, 879
23, 160

114, 183
42, 023

83, 003
119,686

56, 113
50, 946

146,403
64, 496

159, 223
84, 680

86, 580
34, 427

70, 754
36, 037

94, 430
83 833

53, 130
32 941

88.27
90.05
79.89

89.39
91.23
80.61

89.85
91.68
80.97

90.73
92.57
81.58

91.30
93.35
81.06

91.29
93.35
80.94

89.49
91.79
77.80

90.69
92.95
79. 50

90.62
92.81
79! 84

91.62
93.94
80 17

91.71
94 12
7Q 74.
<y. /Tt

90.54
93 07

81.82

78.97

81.25

82.05

83.91

86.02

83.16

79.00

78.37

79.60

81.08

81.95

81.90

88.87

74.31

75.40

77.13

80.06

83.07

83.75

81.20

80.47

82.97

83.35

86.97

87.35

390

o

SECUEITY MARKETS
Bonds
Prices:
All listed bonds (N. Y. S. E.)
dollarsDomestic issues
—
-dollars-Foreign issues
dollars. _
Domestic (Dow-Jones) (40)
percent of par 4% bondIndustrials (10)
percent of par 4% bond..
Public utilities (10)
percent of par 4% bond-Rails, high grade (10)
percent of par 4% bond—
Rails, second grade (10)
percent of par 4% bond..
Domestic! (Stand. Stat.) (60)
dollars..
U S. Government (Stand. Stat,)*.. dollars..
Foreign (N. Y. Trust) (40) .percent of par..
Sales on New York Stock Exchange:
Total
thous. of dol. par value. _
Liberty-Treas- -thous. of dol. par value. _
Value, issues listed on N. Y. S. E.:
Par, all issues
„
mills, of dol. .
Domestic issues
mills of dol
Foreign issues
mills, of dol—
Market value, all issues.
mills, of doi._
Domestic issues
mills, of dol..
Foreign issues .„.
.. .mills, of dol__
Yields:
Domestic (Standard Statistics) (60) f
percent- Industrials (15)
percent. .
Municipals (15) t--——
percent-Public utilities (15)
percent-Railroads (15)
percent-^
Domestic, municipals (Bond Buyer) (20)
percent- .
Domestic, U. S. Government:
U. S. Treasury bills:
91-day bills* A......
__ percent..
182-day bills* A
-.percent..
U. S. Treasury bonds*
percent--

89.93
92. 65
76^73

70 I 9
/o. i£

92.08

90.33

92.76

95.39

96.18

98.45

89.26

89.91

89.07

90.09

89.87

91.81

91.36

113. 83

99.70

103. 25

104. 68

107. 47

110. 25

112. 52

111.42

112. 58

113. 57

115. 07

116. 65

113. 83

55.58
103.1
106. 11
61.79

62.13
96.7
103. 47
65.60

64.52
98.4
104. 69
65.94

63.49
98.8
104. 85
67.17

64.61
100.0
105. 53
66.83

65.64
101.3
106. 50
70.10

62.22
101.3
107. 11
68.96

54.88
99.9
107. 18
65.07

54.04
100.0
107. 30
66.07

54.66
101.2
107. 40
65.61

57.10
102.2
107. 27
65.92

56.01
104.2
107. 52
64.49

56.60
104.2
107. 11
62.36

249, 795
64, 422

285, 009
128, 605

278, 238
98, 503

250, 094
56, 359

272, 869
52, 667

330, 546
94, 716

220, 256
48, 239

310, 655
113, 211

265, 990
60, 483

284, 155
61, 840

263, 350
42, 175

235, 675
23, 471

286, 903
73, 674

42, 671
35 391
7^280
38, 375
32, 789
5,586

43, 903
36, 185
7,717
38, 751
32, 586
6,165

44, 083
36, 461
7,622
39, 406
33, 262
6,144

44, 144
36, 612
7^533
39, 665
33, 566
6,099

44, 816
37 307
7^508
40, 660
34, 535
6,125

44, 979
37, 478
7,5Q1
41, 064
34, 984
6,080

45, 033
37, 564
7^469
41,112
35, 067
6,045

45, 101
37 676
7^425
40, 361
34, 584
5,776

44, 267
36 856
7^411
40, 147
34, 256
5,891

43, 720
36 322
7, 397
39, 618
33, 712
5,906

43, 511

43, 026

43, 145

4.20
4.54
3.08
4.26
4.90

4.63
5.22
3.84
4.64
4.82

4.51
5.09
3.69
4.56
4.68

4.48
4.99
3.57
4.53
4.82

4.40
4.88
3.52
4.47
4.70

4.32
4.75
3.45
4.44
4.63

4.32
4.75
3.39
4.41
4.72

4.41
4.76
3.27
4.44
5.15

4.34
4.77
3.25
4.41
5.18

3.51

4.21

3.94

3.89

3.81

3.61

3.55

3.37

(2)
.22

(2)
.15

(2)
.14

(2)
.12

2.97

2.83

2.73

(2)

(2)

2.78

. 27
3! 20

(2)

.21
3.08

3.05

oc 1 79
CO, H £>

RQ4.
oO, Dy'l
7,332

OK

oc o/O
OO, O9K

7,339
39, 864
33, 980
5,884

39, 457
33, 597
5,860

7,320
39, 062
33, 343
5,719

4.32
4.65
3.27
4.36
5.00

4.26
4.63
3.25
4.34
4.82

4.13
4.53
2.95
4.23
4.81

4.13
4.54
2.87
4.23
4.88

3.39

3.46

3.31

3.25

3.34

(2)
.10

(2)

(2)

(2)

(2)

2.69

2.64

2.61

2.61

2.59

(2)
2.66

Cash Dividend and Interest Payments
and Rates
Dividend payments (N. Y. Times)
thous. of doL. 185, 306 162, 704 140, 477 343, 031 231, 750 181, 107 212, 606 202, 988 130, 960 323, 523 219, 253 145, 777 256, 594
Industrial and miscellaneous
thous. of dol— 181, 997 158 368 135, 419 319, 129 209, 080 152, 303 196, 048 199, 945 124, 225 296, 470 193, 848 132, 174 239, 561
Railroad
thous. of dol..
4,336
23,902
5,058
22, 670
3,308
28, 804
3,042
16, 558
6,735
27, 053
25,405
13, 603
17, 033
9
Revised
2 Discontinued by reporting source in December 1934.
• Has included since July 1934 other than Farm loan issues for which Treasury has acted as fiscal agent.
t Revised series on domestic bond prices for July 1931-February 1933 appeared on pp. 19 and 33 of the April 1933 issue. For earlier data on yield of domestic and
municipal bonds see pp. 19 and 33, of the April 1933 issue.
* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 vears)
for years 1926-1934; for data for years 1919-25 see p. 20 of this issue.
See special note below on yield on U. S. Treasury bills. See p. 20 of the June 1933 issue, U. S. Government bond prices.
A Monthly data on yields from 91-day bills, for period December 1929 to May 1934 are shown on p. 20 of January 1935 Issue. Data on yields from 182-day bills not
available prior to February 1934.




36

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

November 1935
1935

March

April

May

June

July

August

FINANCE—Continued
SECURITY MARKETS-Continued
Cash Dividend and Interest Payments
and Rates— Continued
Dividend payments and rates (Moody' «):
Dividend payments, annual payments at
current rate (600 companies)
mills, of dol. . 1, 230. 6 1, 131. 1
Number of shares, adjusted-.. __millions__ 918. 42 918. 08
Dividend rate per share, weighted average
1.34
1.23
(600)
_
_ dollars
2.99
3.77
Banks (21)
dollars..
,98
Industrial (492)
dollars
1. 17
2.23
Insurance (21)
dollars.1.71
1.83
1.98
Public utilities (30)
_
dollars..
1.24
1.20
Railroads (36)
.- dollars ._
Stocks
Prices:
Dow-Jones:
Industrials (30)
dol. per share. .
Public utilities (20)
dol. per share
Railroads (20)
. . dol. per share
New York Times (50)
dol per share
Industrials (25)
dol. per share
Railroads (25)
.. dol. per share. .
Standard Statistics (421)
1926=100..
Industrials (351)
1926=100
Public utilities (37)
1926=100
Railroads (33)
1926=100..
Standard statistics:
Banks, N. Y. (20)
1926=100..
Fire insurance (20)
1926=100
Sales, N. Y. S. E
thous. of shares. .
Values, and shares listed, N. Y. S. E.:
Market value all listed shares-mills, of dol—
Number of snares listed
millions..
Yields:
Common, Standard Statistics (90)
percent..
Industrials (50).
percent-Public utilities (20) __
percentRailroads (20) _ _
.percent..
Preferred, Standard Statistics:
Industrials, high grade (20)
percent..
Stockholders (Common Stock)
American Tel & Tel. Co., total
number
Foreign
number
Pennsylvania Railroad Co , total number
Foreign
number
U S Steel Corporation total
number
Foreign . .
number..
Shares held by brokers percent of total

1, 137. 1
918. 08

1, 163. 9
918. 08

1, 168. 7
918. 08

1, 177. 5
918. 08

1, 184. 4
918. 08

1, 181. 6
918. 42

1, 184. 4
918. 42

1, 186. 1
918. 42

1, 186. 9
918. 42

1, 190. 2
918 42

« 1,225.0

1.24
3.77
.99
1.71
1.98
1.20

1.27
3.77
1.03
1.71
1.98
1.21

1.27
3.73
1.06
1.78
1.90
1.21

1.28
3.68
1.07
1.91
1.87
L24

1.29
3.68
1.08
1.91
1.87
1.24

1.29
3.28
1.09
1.91
1.86
1.24

1.29
3.28
1.10
1.91
1.86
1. 24

1.29
3.28
1.10
2.07
1.84
1.24

1.29
3.19
1.10
2.17
1.84
1.24

1 30
3 19
1 11
2 23
1.83
1.24

1 33
3 19
1 16
2 23
1.83
1 24

918 42

131.5
25 7
36.0
105 78
183 20
28. 37
85.0
97.5
81 9
37.0

90.5
19.8
35.1
78 76
129. 95
27.56
67.0
75.7
63 7
35.1

93.5
19.8
35.7
81 71
135. 32
28.11
67.3
76.4
62 9
35.6

99.3
18.8
35.8
85. 14
141 62
28.67
69.4
80.1
60 7
35.3

101.6
18.0
36.5
85.07
141.46
28.68
69.2
80.3
58.2
35.8

103.1
17.5
35.5
85.82
144. 21
27,43
69.7
81.4
57.4
34.6

103.0
16.5
32.4
84.64
144. 23
25. 06
67.8
80.0
54.5
31.8

99.8
15.6
28.5
80.74
139. 48
22.01
63.9
75.4
53 2
27.8

106.0
17.9
30.1
85.68
147. 56
23.81
67.5
78.9
59 1
29.4

113.5
19.2
31.0
89.84
155. 64
24.05
73.1
85.5
64 5
31.0

116.9
21.4
32.5
95.83
166. 03
25.63
76.0
88 0
70 4
32.7

122 7
22 5
33 6
98 91
171 78
26 05
79.4
91 7
73 9
34.1

127 1
25 9
35 4
102 59
177 22
27 96
83.3
95 2
81 6
35.9

56.6
93.0
34, 748

48.1
65.0
12, 636

48.7
67.3
15, 660

51.6
72.4
20, 868

49.1
73.2
23, 588

51.5
73.7
19,410

53.4
74.2
14, 404

47.5
72.3
15, 948

47.4
75.2
22, 408

47.3
79.2
30, 438

49.8
83 2
22, 340

56.8
89 7
29, 429

61.7
93 3
42, 923

40, 479
1,307

32, 320
1,313

31, 613
1,305

33, 888
1,305

33, 934
1,305

32, 991
1,305

32, 180
1,303

30, Q36
1,304

33, 548
1,302

34, 549
1,304

36, 227
1,304

38, 913
1,308

39, 801
1,307

0)
0)
0)

0)

4.21
3.83
6.53
3.76

4.22
3.83
6.71
3.70

4.14
3.70
7.14
3.72

4.25
3.76
7.84
3.68

4.24
3.74
8.02
3.79

4.24
3.74
8.07
4.13

4.51
4.01
8.12
4.70

4.35
3.96
6.70
4.60

0)
0)
0)
0)

0)
0)
0)
0)

0)
0)
0)
0)

5.19

5.79

5.79

5.64

5.48

5.42

5.38

5.33

5.30

5.19

5.22

5.19

5.17

664, 095
7 816
230 086
3,126
187, 533
3,979
20 40

675,410
7,743
233, 707
3,151
192, 214
3,802
19 03

674, 739
7,826
232, 998
3, 156
191,446
4,083
19 44

675, 755
7,877
232, 634
3,152
191, 224
4,062
19 34

0)
0)
0)
0)

671, 324
7,8-17
231, 970
3, 145
190 375
4,021
19 55

FOREIGN TRADE
INDEXES
Value:
Exports, unadjusted
1923-25=100
Exports, adjusted for seasonal variation
1923-25=100..
Imports, unadjusted
1923-25 = 100..
Imports, adjusted for seasonal variation
1923-25= 100. _
Quantity, exports:
Total agricultural products._1910-14 = 100_.
Total, excluding cotton
1910-14=100..

52

50

54

51

45

46

43

49

43

44

45

46

45

50
50

48
41

45
40

45
47

'42
41

45
52

47
47

48
55

46
53

46
53

50
49

52
55

49
52

53

43

39

47

41

51

48

49

49

52

51

60

54

64
52

65
61

82
70

73
58

62
46

57
43

50
39

45
41

41
30

40
35

44
33

39
33

36
35

163, 006

185, 001

164, 350

165, 457

170, 193

173, 371

172, 204

7, 149
37, 403
15, 974
66, 482
7,326
6, 075
6,870
25, 766
23, 664
23, 317
14, 353
4,370
13,955
3,765
3,534
1,316

8,135
38, 593
14, 744
76, 013
7,334
6,113
6,947
29, 444
26. 532
26, 005
18, 706
5,963
17, 021
4,623
4,125
1,316

8,006
34, 100
13, 719
63, 388
8,614
4,819
4, 156
20. 550
28^ 957
28, 582
15, 747
5,370
14, 150
3,864
4,024
1,088

6,797
33, 441
13, 977
64, 945
9,298
4, 980
3,552
24, 238
31,380
30, 636
16, 195
5,625
12, 699
3,535
3,158
1,119

7,927
33, 325
14, 108
69, 380
8,741
7,027
5, 565
21,924
28, 170
27, 723
17, 342
6,368
14, 048
4,383
3,474
1,209

9,211
31, 598
11,864
69, 722
7, 345
6,348
5,167
24, 306
30, 141
29, 679
17, 624
6,004
15,064
4,622
3, 733
1,432

9, 950
29, 475
11,680
72, 590
7,824
5, 553
5,598
32, 280
28,611
27, 986
16,216
4,758
15, 363
4,916
3,596
1,069

VALUE §
Exports, incl. reexports
thous. of dol._ 198, 189 191, 660 206, 352 194, 901 170, 676 176, 223
By grand divisions and countries:
7,290
6,663
5,376
7,996
6 279
5, 757
Africa
thous of dol
39, 969
40, 119
46, 883
41,837 44, 294
Asia and Oceania
thous. of dol._ 37, 400
19,901
22, 846
23, 309
26, 994
19, 977
Japan
. . . . thous. of doL. 16, 998
86,912 95, 100 88, 541 69. 346
78, 550
Europe
.thous. of dol_. 96, 926
7,544
9,131
10, 334
10, 512
9, 935
7,316
France
thous. of doL.
4,646
4,735
5,063
8, 891
7,443
6,275
Germany
thous. of dol._
4, 821
4, 796
6,233
8,445
5,093
6, 226
Italy
thous. of dol__
28, 486
37, 968
40, 536
47, 036
United Kingdom
thous. of doL._ 53, 513 40, 119
21, 379
23, 151
26, 655
25, 370
27, 420
North America, northern . thous. of dol._ 28, 063
21, 009
22,815
24, 850
26, 038
26. 875
Canada
thous. of dol. . 27, 418
15, 842
15,674
15, 485
17,418
15, 976
North America, southern . thous. of dol._ 15, 700
4, 916
4,407
5,035
4,614
4, 506
5,910
Mexico
thous. of dol._
13, 152
13, 503
15, 092
13, 774
15, 318
South America
thous. of dol .. 13, 821
3,504
4, 143
3,780
2,946
3,712
4,135
Argentina.
thous. of doL.
3,225
3, 196
4,359
3,551
3,979
2,961
Brazil
thous. of dol._
1,283
1,271
1,110
1,645
1,181
1,045
Chile
thous. of dol._
' Temporarily discontinued by the reporting source.
§Data revised for 1932. See p. 34 of the March 1933 issue. a Revised. Other revisions for the year
January 1934 issues. For revised data for months of 1933 see p. 20 of the September 1934 issue.




1932 were shown on p. 34 of the April, May, December 1933, and

37

SURVEY OF CURRENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- Septem- October |No™m. DecemJanuary Februin the 1932 Annual Supplement to the Survey
ary
ber
ber
ber

1935

March

April

May

June

July

August

FOREIGN TRADE—Continued
VALUE— Continued
Exports, incl. reexports — Continued.
By economic classes:
195, 537
Exports, domestic
_ thous of dol
68, 677
Crude materials
„_ thous. of dol
31.8
Raw cotton--..-.mills, of doL.
Foodstuiis, total.
thous. of dol__ 22, 399
7, 074
Foodstuffs, crude. ___.thous of dol__
Foodstuffs, nifgd
thous. of dol.. 15,325
Fruits and prep
mills, of dol_.
11.8
2.6
Meats and fats.
.mills, of doL.
1.3
Wheat and flour mills, of doL.
Manufactures, semithous. of dcl_. 29, 309
Manufactures, finished- thous. of dol... 75, 152
13.3
Autos and parts
mills, of dol..
6.1
Gasoline
mills, of dol
20.5
Machinery.
.mills, of doL.
Imports, totalj 1
thous. of dol__ 161, 653
Imports for consumption*. ..thous of dol.. 168,689
By grand divisions and countries:?? c?
2,424
Africa.
thous. of dol__
Asia and Oceania....
thous. of dol.. 52, 380
Japan
..thous. of doL. 13, 888
Europe. _ ,
thous. of dol . 52,915
4,796
France
thous. of dol..
7, 328
Germany
,
thous. of dol_.
2, 924
Italy
_.
thous. of doL
United Kingdom...
thous. of dol_. 14,895
North America, northern, thous. of dol _ 27, 334
Canada
„_ .thous. of dol _ 26, 708
North America, southern._thous. of doL_ 11,845
3, 014
Mexico .
..thous. of dol
South America
__thous. of dol.. 21,791
4,970
Argentina
thous. of dol..
8, 205
Brazil .
thous. of do!
1,515
Chile
thous. of dol
By economic classes:^
Crude materials.
tbous. of dol.. 49, 844
23, 653
Foodstuffs, crude
thous. of dol
Foodstuffs, manufactured-thous. of dol. _ 20, 742
Manufactures, semithous. of dol__ 38,422
Manufactures, finished thous. of dol__ 36, 027

189 237
66, 437
32.2
20, 059
4, 060
15, 999
7,1
5.4
2.0
29, 729
73,012
14.0
3.8
18.8
131, 659
149, 755

203 622
82 879
43.4
21, 873
5,342
16, 531
9.0
4.9
1.7
28, 818
70, 053
12,4
4 2
18.7
129, 629
137, 859

192 321
71 744
39.2
18, 458
4,589
13, 869
5.4
5.6
1.7
30, 412
71,707
11.0
4 1
20.6
150, 919
149,412

168, 467
54 520
35.0
15, 669
3,621
12, 048
5.4
4.1
1.4
30, 309
67,970
12.4
3.4
19.1
132, 252
126, 231

173 560
55,814
32.2
16, 253
4,086
12, 167
5.3
4.7
1.2
27, 196
74, 297
17.2
4 3
18.2
167, 006
168, 623

160 312
44, 995
27.1
16, 270
3,897
12, 373
6.2
4.4
1.2
25, 483
73, 585
20.5
28
18.8
152, 537
162, 288

181, 969
40, 450
21,8
16, 215
3, 681
12, 534
5.4
4.1
1.4
30, 827
94, 477
25.0
50
23.7
177, 279
175, 408

160, 709
38, 222
21.8
12. 875
3,201
9,674
4.0
3.2
1.2
26, 205
83, 406
22.0
3.1
22.8
170, 567
166, 152

159, 789
36, 920
19.4
15, 404
3,715
11, 689
4.7
4.3
1.4
26, 430
81,035
18.6
4.5
22.2
170, 559
166, 791

167, 226
40, 600
23.4
15,467
4,014
11,453
5.6
3.3
1.1
28, 914
82, 246
20.1
6.4
20.6
156, 756
155, 314

168, 006
38, 340
19.2
15, 336
5,220
10, 116
6.4
3.3
1.1
28, 135
86, 196
19.4
6.3
23.3
177, 698
174, 162

169, 761
40, 875
16.6
15, 629
4,788
10, 841
6.6
3.2
1.2
31, 018
82, 239
15.7
5.8
23.9
169, 030
180, 444

1,960
37, 290
11,913
41,980
4, 358
5, 854
3, 130
10, 433
21, 078
20, 648
29,016
2,509
18, 432
2,006
8,648
972

2,620
36, 839
10, 242
40, 566
4,560
5, 719
3,402
8,215
22, 497
21,661
15, 314
2, 165
20, 023
2,222
10, 219
1 940

2,488
42, 709
11,818
47, 862
6,165
5,675
4,113
10, 377
21, 974
21, 602
13, 280
2,279
21, 100
2,302
9,508
1 912

1,961
26, 535
7,032
37, 023
6,167
5, 056
2, 905
7,743
24, 432
23, 685
19,441
3,484
16, 839
3,706
6,305
1 685

3,016
60, 515
10, 196
46, 614
4,644
7,024
2,764
10, 970
19, 555
19, 248
18, 864
4, 023
20, 059
2, 980
8,181
1 909

4,746
50, 922
12, 251
40 606
4,054
5,918
2,674
11,065
18, 342
18, 194
14, 242
3 869
23, 429
4,419
9,194
2 324

5,921
54, 221
12, 428
46, 498
4,643
6,340
2,866
11, 621
21,311
20, 880
20, 968
4,449
26, 508
6,675
8,610
2 904

3,771
50, 256
11, 276
46, 418
5,876
6,451
3,560
11,513
22, 677
22, 357
20, 152
3,420
22, 879
4,853
7,549
3,388

2,363
46, 360
11, 668
47, 725
3,914
5,747
2,533
12, 883
27, 394
26, 984
19. 485
3,516
23, 465
5,413
7,818
2,712

3,085
45, 743
10, 441
43, 232
4,340
5,338
2, 503
11,153
23, 389
22, 563
18,112
3,080
21, 753
6,336
6,044
1, 860

3,098
55, 352
11, 496
43, 849
3,610
5,109
2, 223
12, 389
24, 4SO
23, 773
22, 587
3,267
24, 795
6,611
8,384
1,657

3,129
52, 112
12, 839
46, 635
4,557
6, 491
2, 795
11,711
23, 905
23, 266
32, 359
2,979
22, 304
6,687
7, 394
712

38,612
23, 023
34, 319
24, 249
29, 552

35, 090
22, 726
24, 068
26, 103
29, 872

40, 117
23, 440
24, 326
27, 447
34, 082

28, 839
18, 597
29, 190
21,018
28, 587

43, 133
27, 693
38, 118
29, 550
30, 129

45, 209
30 118
21, 609
29, 029
26, 322

50, 378
33 605
25, 662
35, 237
30, 526

45,900
27, 514
28, 588
30, 729
33, 422

44, 361
26, 337
28, 661
33, 577
33, 855

43, 733
23, 078
26, 342
31,715
30, 446

53, 029
24, 232
32, 291
32, 106
32, 504

50, 212
24, 726
38, 849
31, 290
35, 367

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION

Express Operations
Operating revenue
Operating income.

thous of dol
thous. of dol..

7 421
139

7 521
141

7 497
146

8 051
142

7 274
140

7 204
138

7,513
138

6,079
142

7,918
133

7,593
134

7,619
136

49,244

8.143
662, 252
49, 014

8.126
745 910
54, 467

8. 126
709 627
51,551

8.126
761 702
55, 736

8.120
758 052
55, 302

8.120
704 736
61, 275

8.120
771 846
56, 104

8.120
747, 350
54, 733

8.120
748, 630
54, 634

8.120
693, 542
50,929

8.101
663, 348
49, 041

8. 101
662 696
49,244

67
68
45
31
76
103
67
63
69
59
63
45
30
63
87
64
39
58
• 2, 502
« 464

64
69
46
31
65
83
66
42
70
57
60
45
30
58
62
63
30
60
2,531
484
22
90
122
114
653
69
978
328
207
85

60
70
44
29
60
64
65
14
63
69
64
43
30
56
55
64
20
64
2,353
494
22
85
111
90
640
26
885
381
224
109

56
76
54
26
57
51
62
8
55
64
71
51
32
58
51
66
34
71
2,592
615
30
92
125
82
721
16
912
392
228
111

58
82
69
28
54
44
61
7
68
64
73
62
31
56
42
65
31
72
2,170
651
31
75
96
58
577
11
773
342
207
84

61
81
70
36
67
37
63
8
62
65
75
62
35
59
39
65
34
73
2,326
574
35
100
102
50
609
13
844
320
192
78

62
77
62
34
67
34
65
10
67
65
82
62
33
67
39
64
40
70
3,015
683
33
126
135
58
804
18
1,157
300
183
67

59
53
46
35
57
38
65
25
69
61
63
49
33
74
41
63
49
67
2.303
379
23
102
108
52
644
35
961
310
175
88

61
60
50
35
55
38
65
71
67
61
67
50
33
68
41
63
47
64
2,327
394
23
100
102
52
639
102
915
305
189
68

63
72
49
37
56
30
64
83
67
63
83
54
35
64
35
64
46
64
3,035
621
30
131
127
51
768
159
1, 148
272
175
50

60
48
40
38
69
30
63
87
67
58
54
46
39
58
36
64
48
63
2,229
318
19
106
120
39
601
131
894
296
178
73

64
56
43
42
90
39
64
87
68
60
68
48
40
75
44
64
51
62
3,102
491
26
152
211
64
798
171
1,189
245
152
53

Electric Street Railways
Fares, average (320 cities).,
Passengers carried t
Operating revenues!
-

8.101
cents
thousands 685, 430
thous. of dol__

Steam Railroads
Freight carloading (F. R. B.):
Index, unadjusted
1923-25=100.Coal
1923-25 = 100..
Coke
1923-25=100 .
Forest products
1923-25=100
Grain and products.
.1923-25=100-.
Livestock
1923-25= 100. .
Merchandise, 1. c. 1.
1923-25=100Ore
.
1923-25=100
M iscel 1 aneous
1923-25 = 100
Index, adjusted
1923-25=100-.
Coal
1923-25=100
Coke
_ 1923-25= 100..
Forest products
1923-25=100
Grain and products
1923-25=100
Livestock. _
1923-25=100
Merchandise,! c 1 .
1923-25=100
Ore
..1923-25=100..
Miscellaneous
.
1923-25=100
Total carsK.
.thousands..
Coal
...
thousands
Coke
thousands. .
Forest products
thousands_.
Grain and products.
thousands,.
Livestock
thousands..
Merchandise, 1. c. 1
thousands
Ore
thousands
Miscellaneous
thousands
Freight-car surplus, total _„ .. thousands..
Box
thousands..
Coal
thousands-Equipment, mfrs. (See Trans. Equip.)

70
66
56
44
90
54
67
90
77
62
61
57
42
74
45
65
55
G5
2,632
446
26
124
162
69
641
135
1, 029
229
133
5U

« 21
a gg

«135
«134
« 634
°95
«931
318
195
94

• Revised.
c? Data revised for 1933. See p. 20 of the October 1934 issue.
# Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports. See
explanation on p. 9 of the March 1934 issue.
f Revised series. Data for January 1929-May 1935, inclusive, on electric railway passengers carried and operating revenues for January 1932-April 1935, inclusive, are
shown on p. 19 of the August 1935 issue.
^ Data for September, December 1934, March, June, aad August 1935, are for 5 weeks; other months, 4 weeks.
* New series. Data prior to April 1933 on value of imports for consumption will be shown in a subsequent issue.




38

SUEVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

November 1935
1935

March

April

May

June

July

August

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Steam Railroads— Continued
Financial operations (class I railways):
Operating revenuesf
thous. of dol.. 306,960 «275, 540
Freightf
thous. of dol._ 249,926 «220, 494
Passengerf
thous. of dol_. 30,820 "30,634
Operating expenses!
thous of dol
218 040 °203 220
Net railway operating incomef
thous. of dol.. 57,359 41,020
Operating results (class I roads):
Freight carried 1 mile.- mills, of tons..
25, 885
Receipts per ton-mile
cents. _
.943
Passengers carried 1 mile
millions
1,695
Canals:
Waterway Traffic
Cape Cod
.
thous. of short tons
New York State
thous. of short tonsPanama, total t
thous. of long tons
U. S. vessels
._ thous. of long tons .
St. Lawrence
thous. of short tons
Sault Ste. Marie
thous. of short tons..
Suez
thous of metric tons
Welland
thous. of short tons
Rivers:
Allegheny
thous. of short tons
Mississippi (Government barges)
thous. of short tons..
Monongahela
thous. of short tonsOhio (Pittsburgh to Wheeling)
thous. of short tonsOcean traffic:
Clearances, vessels in foreign tradet
thous. of net tons..
Foreign f
thous. of net tons
United Statesf
thous. of not tons
Shipbuilding. (See Trans. Equip.)
Travel
Airplane travel:
Express carried*
_
pounds..
Miles
flown*
. .thous. of miles
Passengers carried*.
number..
Passenger-miles flown* thous. of miles. _
Hotel business:
Average sale per occupied room*.. dollars. _
Rooms occupied
. percent of total
Foreign travel:
Arrivals, U. S. citizens .
number
Departures, U. S. citizens
.number ..
Emigrants..
number..
Immigrants
number
Passports issued
number
National parks:
Visitors
.number
Automobiles _ . .
number. _
Pullman Co.:
Passengers carried
thousands _ .
Revenues, total . __ . thous. of dol ._
COMMUNICATIONS
Telephones (59 carriers):*
Operating revenues
thous. of dol—
Station revenues
thous. of delTon's, message
thous. of dol . .
Operating expenses..
..thous. of dol—
Net operating income
thous. of dol._
Telephones in service, end of mo.
thousands
Telegraphs and cables:
Operating revenues
thous. of dol—
Commercial telegraph tolls thous. of dol
Operating income

thous. of dol._

292, 903
238, 792
28, 572
212 573

256, 967
208, 547
24, 846
197 872

257, 506
199, 356
32,016
195 351

264, 213
211,008
30, 448
212 972

254, 940
206, 024
27, 264
200 103

280,899
228, 603
27, 737
213 278

274, 652
221, 968
27, 181
209 328

279, 549
224, 330
27, 114
209 196

281, 336
225, 183
31, 053
216, 464

275, 349
220, 490
31, 604
217 931

294, 018
234, 986
33, 849
221 238

48,625

31,583

38, 738

21, 349

25, 720

37, 851

34, 626

39, 505

34, 025

26, 851

a 42, 074

26, 497
.980
1,543

23, 708
.961
1,279

23, 105
.946
1,635

24 964
.942
1 491

24 140
.944
1 341

27 586

23, 320
1.041
1 386

24 662
1.016
1 377

25, 933
.974
1,594

23, 167
1,059
1 710

25, 936

272
726
2,173
1,029
1,036
5,006
2 707
1 331

264
559
2,339
1,015
884
2,627
2 424
1 253

254
0
2,089
885
39
299
2 414
142

204
0
1 945
825

164
0
1 836
708

0
2 210

1 180

214
465
2,143
1.045
924
6,145
2 303
1 170

0
2 513

0
2 090

0
2 383

o

213
329
2,079
811
157
888
2 461
484

230
554
2 292
938
919
5,985
2 161
1 122

227
482
2,081
862
882
7,058
2, 135
1,072

229
519
1,778
715
1 007
7, 503
1 958
1 128

206
576
2, 019
848
1,024
7,731
2 636
1,334

200

222

213

181

147

113

125

155

191

246

273

293

238

140
1, 239

113
944

100
963

100
977

76
1,049

88
1,429

78
1,545

108
1,784

154
1,142

152
1,383

143
1,271

« 146
1,491

782

569

684

597

632

711

717

886

754

877

881

928

967

5, 786
3, 831
1,955

5,855
3 666
2,188

5,691
3,666
2,025

5,296
3 402
1,893

4,327
2 819
1,508

4,288
2 818
1,471

4,170
2 735
1 435

4,643
3 109
1,534

5,188
3 435
1,753

5,703
3 699
2 004

5,958
3,852
2,106

6, 379
4 099
2,280

6, 791
4, 436
2, 355

417,223 "209, 797
5,360
°3, 788
77,370 «45, 248
32,024 "19, 039

221, 905
4,019
48, 477
20, 838

206, 327
3,660
44, 728
18, 875

217, 852
3,365
33, 563
15, 595

177, 553
3,231
28, 922
13,405

171,818
3,349
34, 998
16, 232

238, 369
4,126
55, 198
24, 751

231, 237
4, 194
61, 499
26, 747

258, 924
4,749
64, 971
27, 075

330, 970 «335, 762
4,993
a 5, 605
73, 896 «85, 546
31, 226 "34, 042

°392, 212
«>5, 756
°89, 581
"35, 732

202
574
983
7, 148

o

o

o

o

929

1 370

236
961

o

133
1,561

2.94
60

2.91
57

2.96
61

3.03
58

2.92
54

2.85
64

2.95
62

2.83
60

2.91
62

2.77
61

2.86
58

2.87
56

2.98
57

4,814

43, 927
37, 533
4,710
3 585
5, o99

24, 976
20, 825
2,630
3 586
5,059

15, 091
18, 542
4,354
3 386
5,046

12, 388
13, 942
3,853
2,559
4,959

14, 443
17,016
2,424
2 943
5,658

15 474
17, 628
2,226
1 948
5 139

20, 470
16, 665
2,460
2 401
8 453

23 374
16. 536
2,249
2 516
12, 674

19 400
19,033
2,697
2 951
22 854

19, 519
19, 342
2,412
2,817
24, 879

26. 638
31,376
2. 524
2 884
13, 546

51, 930
51,512
4, 111
3,711
7, 587

268,398
72,731

385, 147
54, 624

74, 709
16, 830

38, 729
7,375

37, 404
7,656

54, 720
9,767

63 257
9,599

73, 961
7,545

90 914
15, 908

100, 593
28, 176

317, 182
84, 368

664, 422
158, 005

723, 320
183, 171

1,364

1,354
3,892

1,265
3,790

1,131
3,310

1,371
3,794

1,398
4,231

1,204
3,702

1,219
4,004

1,193
3,675

1,146
3,660

1,309
4,220

1,286
4,210

1,425
4,374

78, 076
51, 836
19, 211
55, 720
14, 660

81, 638
54, 374
20, 268
58, 052
16, 209

79, 583 «> 80, 411
53, 604 * 53, 212
18, 989
19, 927
58, 714
57, 050
15, 119 » 14, 980

81, 475
54, 636
19, 793
57, 823
15, 377

77, 834
52, 798
17, 930
55,420
14, 214

81, 207
54, 086
20, 061
57, 292
15, 793

82, 127
54, 483
20, 566
57, 499
16, 214

83, 406
54, 998
21, 250
59, 059
16, 052

81, 757
54, 006
20, 569
57, 443
16, 025

82, 063
53, 187
21, 524
59, 683
14, 401

82,360
52,909
22,189
58,255
16,036

14 058

14, 093

14, 112

14, 132

14 162

14 201

14 250

14 303

14 355

14 335

14 323

14 350

8,686
6 657
7,664
620

9, 130
6 984
7,906
822

8,443
6 477
7,639
405

9,411
7 362
8,095
1.091

8 754
6 768
7 808
557

8 212
6 340
7 372

9,153
7 052
7,810
952

9 377
7 366
7,790
1. 195

9,809
7 634
7,964
1. 450

9,372
7 268
7,824
1,156

9 224
7 161
7,942
894

9,568
7 440
7,959
1,219

454

CHEMICALS AND ALLIED PRODUCTS
Alcohol:
CHEMICALS
Denatured:
Consumption (disposed of)
8,874
thous. of wine gal.. 10, 064 10,048 19, 582 10, 542
4,482
6,536
7,445
5,238
5,773
7,213
8,359
5,897
9,841
Production
_
thous. of wine gal _ 10,211
19, 194
6,047
7,454
5, 554
8, 192
10. 316
8,780
4,611
5 864
5,585
8,580
3,148
1,763
Stocks, end of month.thous of wine gal—
1,380
1,149
1,063
1,694
1,750
2,750
2,959
1,363
1,317
1,793
1,236
Ethyl:
Production
thous. of proof gal. _ 19, 607 15, 636 21, 332 19, 550 17, 065 12, 290
14, 624
9,767
12, 844
16, 704
14,235
15, 791
16, 646
Stocks, warehoused, end of month
thous. of proof gal .. 25, 501 27,094 14, 449 15, 566 15, 216 15, 630 16, 957 15, 230 18, 092 22, 213 24, 468 26, 055
25, 852
Withdrawn for denaturing
thous. of proof gal.. 17, 660 16, 456 32, 682 17, 272 14, 855
7,382
9,374
9,172
14, 046
9,757
12, 711
9,897
14, 632
1,075
Tax paid*
thous. of proof gal..
1,911
1,573
1,510
1,266
2,096
1,453
1.019
1.588
1.642
1,771
1,591
1. 676
« Revised.
» Returns reflect adjustments? or estimated refunds. In December 1934 operating revenues are reduced by approximately $970,000 and net operating income by
approximately $803,000. Refunds in February 1935 are of minor importance and reduce the several accounts only slightly.
t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For
revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue. For revisions on Panama Canal from August 1914 to June 1935, see p. 19
of the September 1935 issue.
* New series. Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1928 to 1933 and passenger-miles
flown from 1930 to 1933, see p 20 of the February 1934 issue. For data on miles flown and express carried from 1926 through 1933, see p 19 of the January 1935 issue. For
alcohol withdrawn tax paid from 1925 to 1934, see p 20 of the April 1935 issue. New series on telephones as compiled by Federal Communications Commission. Data supersede those published in previous issues of the Survey which covered all carriers having annual operating revenues in excess of $250,000; present series covers only those companies with operating revenues in excess of $250,000 which have interstate lines In December 1933 operating revenues of these companies were 97.7 percent of the total
of
 the companies previously reporting. only.
• This figure covers room revenue



SURVEY OF CURRENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

1935

March

April

May

June

July

55, 125
*>
.38

August

CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS-Continued
Mcohol— Continued.
Methanol:
Exports, refined
gallons-Price, refined, wholesale, N. Y.
dol. per gal..
Production:
Crude (wood distilled) *t* .—gallonsSynthetic
gallons..
Explosives:
Shipments*
thous. of Ib—
Sulphur and sulphuric acid:
Sulphur, production (quarterly)*
long tons
Sulphuric acid (104 plants):
Consumed in production of
fertilizer
short tons..
Price, wholesale, 66°, at works
dol. per short ton..
Production
short tons
Purchases:
From fertilizer mfrs
short tons..
From others
short tons
Shipments:
To fertilizer mfrs
short tons
To others
short tons
FERTILIZER
Consumption, Southern States^
thous. of short tons..
Exports, total t
long tons
Nitrogenous!
long tons..
Phosphate materials!— long tons.Prepared fertilizers
long tons
Imports, totalf# - - long tons..
Nitrogenousf
long tons
Nitrate of soda!
long tons..
Phosphatesf
-long tons..
Potashf
long tons
Price, nitrate of soda, 95 percent, N. Y.
dol. per cwt..
Stiperphosphate, bulk:
Production..
_ short tons..
Shipments to consumers
short tons—
Stocks, end of month
short tons..
N
Pine oil:
^VAL STORES
Production
gallons..
Rosin, gum:
Price, wholesale "B", N. Y..dol. per bbL.
Receipts, net, 3 ports
_.bbl. (500 lb.)_.
Stocks, 3 ports, end of month.bbl. (500 lb.)~
Rosin, wood:
Production
_.bbl. (500 lb.)_.
Stocks, end of month
_bbl. (5001b.)_.
Turpentine, gum:
Price, wholesale, N. Y
.dol. per gaL.
Receipts, net, 3 ports
_bbl. (SOgal.)..
Stocks, 3 ports, end of month.bbl. (50 gal.)..
Turpentine, wood:
Production
bbl. (50 gal.)..
Stocks, end of month
bbl. (50gal.)__

OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts (quarterly):
Animal fats:!
Consumption, factory
thous. of Ib—
Production
thous of Ib
Stocks, end of quarter
thous. of Ib—
Gelatin, edible:
Production
thous of Ib

51, 490

44, 937

41, 941

48, 945

38, 211

23, 222

44, 525

73, 365

30,471

33, 621

66,077

.38

.38

.38

.38

.38

.38

.38

.38

.38

.38

.38

260, 402

297, 759

309, 739

319, 190

315, 983

300, 008

351, 468

27, 940

25, 489

26, 892

25, 108

22, 635

29, 147

26, 019

18, 544

314, 199

293, 025

22, 659

22, 193

22, 189

23, 957

271, 452

255, 396

85, 915

137, 357

143, 282

152, 268

162, 658

133, 319

104, 041

93, 873

87, 944

75, 690

94, 980

99, 673

15.50
130, 260

15.50
116 120

15.50
149, 968

15.50
159 781

15.50
172 052

15.50
169 301

15.50
154 359

15.50
141, 352

15.50
139, 333

15.50
111 102

15. 50
99, 176

15.50
110 249

15.50
123 209

35, 742
12, 111

21, 136
12, 560

38, 164
27, 249

39, 330
22, 796

36, 734
28 813

34, 545
27, 824

26, 269
21, 647

18, 769
18, 636

11,760

11,610

13, 397

13, 186

16, 830
20, 862

27, 714
23 334

35, 573
10 632

30, 888
46, 717

31, 056
23, 594

39, 797
34, 938

41, 520

28,615

47 367
28, 537

39, 693
35, 186

30, 615
38, 716

41, 990
42, 319

33, 855
40, 293

18, 473
29, 714

25, 381
34, 382

24 684
40 739

28 516
48 404

95
208, 797
28, 507
172, 425
2,181

126
135, 588

97
127, 081
13, 615
107, 313
312
91, 807
42 085
17, 085
2,411
44 015

316
68, 928
6,241
56, 946
153
155, 348
63, 245

704

237
157, 462

66
63, 402

17
102, 467

15,319

44
153, 316
39, 752

66, 562
196
159, 071
107, 341
55, 957
3,177
42, 669

126, 226
245
192, 887
101, 850
75, 872

50, 637
179
69, 783
37, 137
16, 918

77, 054
421
43, 174
20, 899

110,633
235
34, 434
20, 274

3,126
84, 235

684
92, 846
10, 746
78, 276
258
141, 787
89, 477
44, 494
3,169
46, 213

93,456

104, 143
350
81, 560
31, 579
1,212
1,786
44, 422

88
118, 437
21, 093
93, 509
265
82, 121
38 728
7,195
2,001
35, 276

1,413
84, 296

32, 794
9,961
1,206
12, 074

101
109, 982
29, 591
76, 987
174
69, 176
24, 666
931
3,141
38, 963

56, 045

76, 743

23, 436

1, 350
19, 909

1,248
10, 797

1.275

1.275

1.275

1.275

1.275

1.275

1.275

1.275

1.275

1.275

1.275

1.275

1.275

221, 772
16, 422
979, 038

51,317

27,121

27,811

6,707

5,551
82, 948
98
176, 640

111,642
83,415
4,486

21,116

4,309

5,244

5,608

2,200

2,742

226, 317
82, 059

188, 007
108, 752

276, 444 307, 653 332, 140 342, 210 282, 810
34, 553
24, 965
63, 856
63, 486
23, 358
957, 279 1,078,044 1,159,392 1,189,505 1,160,817

246, 286
189, 133
964, 940

203, 152
169, 152
814, 804

168, 384
79, 704
831, 536

167, 095
24, 973
870, 835

205, 105
19, 396
914, 169

335, 318

312, 375

300, 544

317,912

337,646

370, 222

378, 395

360, 889

373,417

354, 38(J

5.85
124, 401

311,355

4.83
120, 950
324, 539

1,013,399 880, 238

5.18
88, 784
310, 697

89,289
244,968

47, 388
86, 485

43,095

5.30

303, 686

5.16
19, 525
217, 489

4.99
28, 397
250, 113

4.67
69, 290

250,213

4.65
97, 354
258, 255

4.64
110, 998
272, 312

41,016

44, 489
110, 806

43, 252
111, 659

43, 294
108, 956

46, 028
95, 283

47,867

47, 293

95, 829

91,477

47, 651
89, 015

48, 063
86, 730

.55

18,410

.52

.52
24, 366
85, 846

.50
32, 128
103, 831

.48
35, 293
122, 631

131,960

7,004

6,787
3,278

7,261

2,997

7, 324
2, 910

593
95, 895

696
89, 492

108, 933

39, 785
109, 812

41, 884
108, 244

105, 339

.45
18, 798
131, 273

.46
26, 856
71, 778

.52
25, 161
86, 020

.53
22, 999
94, 189

.52
22, 834
106, 971

7,550
2,937

6,798

6,288

6,548

6,290
16,819

18, 504

360, 252

5.20
27, 406
272, 474

5.25
101, 682
272, 027

19, 817

330, 830

5.25
122, 173

5.42
92, 482
260, 040

321,660

18, 752

.54

4,300

2,235

94, 781

86, 987

.55
4,761
88, 164

7,075

6,138
13, 418

6,316
10, 526

16, 116

87, 971

7,049

7,122

4, 588

a

a

"382, 725

"418, 909

498 950

234, 949
352, 519
380, 419

1 570
6 556

5 279
7 817

5 047
8 629

5,052
8,526

°49 311
°89 268
a 73 900

50 732
71, 738
63 590

51 146
64, 916
63, 732

°361 368
°27 690

316 227
32, 738

293, 425
29, 747

a46 539
!05 361

60 563
46 208
221 547

59, 139
9,143
172 371

°217, 565

465, 267

2,853
6 841

_ _ _-

a 61 044
a

82 066
a gg 540

a

371 246
°24, 962

of Ib
of Ib
of Ib

°33 565
a 75 784
!89 144

a

a

a

383
92, 174

.46
31, 136

212, 053
306, 659
386, 852

"228, 894

of Ib
of Ib

_ thous. of Ib—
thous. of Ib—

23, 202

101, 708

o, , ri~nf~n fpr
th m" f l h " ~
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly) f
Exports
lmportst#

.38

386,006 403, 271 341,093 331,437
382, 331
1,539,554 1,079,910 1,309,086 1,789,970 1,301,841 1,303,171 1,126,799 1,303,230 1,167,282 1,203,143 1,198,186 1,278,505 1, 389, 812
368, 936

Greasesrf
Production
thous
Stocks end of quarter
thous
Lard compounds and substitutes:!
Production
thous
Stocks end of quarter
thous
Fish oils (quarterly):!
Consumption factory
thous

36, 422

"474 268
1,161
55, 213
a
415 279

234
53, 935

427

60,028

242 40^

"805 456
372
34, 200

331
71, 191

522
78, 745

754 643
396
80, 395
581 304

939
91, 445

632
96, 622

628 186
251
121, 023
357, 167

°730 339
Stocks, end of quarter:!
a
507, 571
523, 974
525, 210
557 756
Crude
thous of Ib
602, 217
«594, 847
642, 272
"525, 101
Refined
thous. of Ib—
* New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).
t Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20
of the September 1934 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue. Quarterly data on fats and oils for the years 1932 and
1933 were shown on p. 19 of the March 1935 issue; for 1934 on p. 19 of this issue.
A The refined equivalent of crude production is approximately 82 percent.
• Texas only. Louisiana produced 23 percent of United States production in 1933 and 16 percent in 1934.
1 Figures since January 1922 revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue.
# See footnote on p. 37 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.
9 Revised.




40

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ary
ber
ber
ber
ber

November 1935
1935

March

April

May

June

July

11 990

35, 733
6 858
24. 605

26 138

10 330

10, 326
22, 929

13, 056
29, 770

" 65, 302
" 30, 868

145, 115
203, 442

a

August

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable oils and products— Continued.
Copra and coconut oils:
Copra:
Consumption, factory (quarterly)
short tons..
Imports#
.short tons
Stocks end of quarter
.short tons _
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)f
thous. of lb._
Refined, total (quarterly) t
thous. of lb._
In oleomargarine
thous. of lb__
Imports*
_—thous. of lb__
Production (quarterly):
Crude
thous. of lb._
Refined
- thous. of lb..
Stocks, end of quarter:!
Crude
thous. of lb__
Refined
.thous. of lb_.
Cottonseed and products:
Cottonseedrf
Consumption (crush)
short tons _
Receipts at mills
.short tons..
Stock at mills, end" of month
short tons..
Cottonseed cake and meal:
Exportsf
_short tons_.
Production
short tons..
Stocks at mills, end of month
short tons..
Cottonseed oil, crude:f
Production
thous. of lb..
Stocks, end of month
thous. of lb._
Cottonseed oil, refined:
Consumption, factory (quarterly) f
thous. of Ib _
In oleomargarine
thous. of lb_.
Price, summer yellow, prime, N. Y.
dol. per lb._
Production f
thous. of lb._
Stocks, end of month
thous. of lb._
Flaxseed and products:
Flaxseed:
Imports, United States* .thous. of bu._
Minneapolis and Duluth:
Receipts
thous. of bu_.
Shipments
thous. of bu._
Stocks, end of month. -thous. of bu_.
Oil mills:t
Consumption, quarterly
thous. of bu
Stocks end of quarter thous. of bu
Price, No. 1, Minneapolis-dol. per bu._
Production, crop estimate
thous. of bu—
Stocks, Argentina, end of month
thous. of bu_.
Linseed cake and meal:
Exports
--thous. of lb_.
Shipments from Minneapolis
thous. of lb_Linseed oil:
Consumption, factory (quarterly) f
thous. of Ib
Price, wholesale, N. Y
dol. per lb_.
Production (quarterly) f thous. of Ib
Shipments from Minn thous. of lb._
Stocks at factory, end of quarter
thous of Ib
Vegetable shortenings: •
Price, tierces, Chicago*. — dol. per lb._
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of Ib—
Price, standard, tmcolored, Chicago
dol. per lb__
Production
thous. of lb~

19, 535

45, 000
8 624
16, 772

113, 731
16, 771
25, 965

" 67, 375
10, 279
17, 990

47, 392
27 674
15, 210

11,360
14, 810

10, 415

48, 683
26 579
25 688

"124, 734

5,177

150, 711

" 94, 288
13, 771
17, 492

17, 282
27, 736

110 304
14, 560
25, 045

20 606

12, 787
20, 935

17, 393

14, 428
31, 609

15 038

128, 036
15,945
25, 293

86, 811
11,471
39, 040

13, 804
27, 849

61, 238
80, 658

62 261
96 256

44 502
83, 017

152, 761
34, 277

122 142
31 960

112, 507
26, 036

56, 716
63, 617
a

174, 924
37, 381

436, 027 "438, 856 "601, 940 "529, 307 "415, 670 402, 115
760, 691 "958, 925 "1 015,200 °534, 923 "308, 993 °127, 905

a

337, 731 °260 964 "129,372 "102, 266
61, 236 a 40' 090 0 18, 886 " 22, 435

0

°68, 175
« 24, 467

472, 566 "818,844 « 1,232, 104 "1,237,720 «1,131,043 "856, 833 "580, 238 "359, 364 "248, 878 "169, 047 "125,339

89, 575

149, 446

223
20
30, 313 a 29, 132

80
65 380

196, 095 "168,611 "258, 923 "298, 699 "325, 123 "340, 763 «348, 254 "309, 460 "263, 899 "242, 204 "223, 893 "198, 367

178, 358

124
1,420
194, 282 "194, 801

94
82
127
196
306
a
270, 137 °245, 515 °189, 057 "183, 204 °156, 047

127, 816 «133, 756 "184, 489 -165, 085 •128, 785 "124,398 •108, 169
74, 537 « 74, 462 « 97, 575 "102, 309 " 97, 469 «102, 045 "103, 499
"402, 364
7,428

7,322

7,323

°358, 668
7,533

9,015

12, 171

236
a
l!8 496

24
0
61, 704

49
" 46, 959

a

« 84, 258 « 43, 525 " 33, 194
• 96, 657 " 61, 725 " 47, 589

" 22, 617 « 20, 772
" 38, 036 a 28, 263

286 324
9 854

256, 192
6,425

11, 005

7,819

43, 660
27, 638

5,819

6 403

.075
.109
.114
.103
.101
.092
.105
.096
.081
.101
.102
.108
73, 430 a 79, 472 "155, 023 "149, 746 "132, 325 -111,890 "102, 962 a 97 237 « 73, 380 "52,011 " 37, 063 « 26, 066
a
287, 347 "450, 605 "462, 769 "487, 906 "513, 106 516, 803 "530, 014 "557, 623 "576, 783 "540, 864 "513, 358 "444, 833

.099
38 935
178, 358

6 714

1,322

959

1,297

743

1,823

770

4,009
389
2,040

1,230
126
1,008

910
234
1,218

294
127
1,210

252
83
1,108

139
114
1,011

135
54
978

1.68

4 293
1,368
1.98

1.90

1.86

4 569
1,851
1.99

1.97

1.94

/ 14, 115

1,997

1,160

1,360

1,738

2,240

1,129

105
44
878

139
242
603

214
179
397

319
70
344

205
117
248

985
81
344

5 7*54
2 094
1.81

1.85

1.77

6,104
1,464
1.65

1.59

1.53

1,970

• 5, 213

4,331

2,756

2,362

1,575

2,362

3,937

5,118

7,087

7,874

7,087

6,299

5,315

2,322

35, 356

20, 935

30, 869

31, 338

21, 558

32, 805

23, 524

30, 704

36,929

33, 201

53, 605

39, 368

41, 787

21, 527

5,533

6,483

7,325

8,182

7,714

9,653

7,952

6, 114

4,776

4,485

7,544

12, 506

.091

.088

.089

.092

.095

.096

.093

.087

4,145

3,525

3,298

4,209

6,053

6,118

82, 888
.096
116,946
6,045

4, 797

5,233

.089
10, 235

• 61, 678
.094
85 038
4,163

0

55, 120
.087
90, 253
2,233

°113 721

*109 361

5Q 376
.095
111 823
6,324

104, 995

125 416

.130

.098

.107

.111

.124

.129

.133

.130

.127

.128

.129

.124

.130

32, 440

27, 545

26, 421

28,980

32, 178

33, 724

45, 351

31,511

38, 243

27, 785

26, 766

17,846

26, 193

.119
33, 632

.125
41, 895

.141
34, 200

.140
37, 419

.140
30, 338

.140
25, 263

.135
21, 469

.130
25, 793

.130
31,855

.090
26,842

.098
26, 517

.100
28,809

.104
30, 470

PAINTS
Paints, varnish, and lacquer products :§
29, 145
32, 510
36, 344
28, 699
33, 025
21,332
20, 936
19, 801
16, 006
Total sales
thous. of dol._ 28,436 21,715 23, 652
26, 676
24, 434
22, 118 0 19, 675
19, 214
22, 295
14, 687
15, 252
10, 805
Classified
.. thous. of dol- . 18, 747 14, 177 15, 382 13, 224
18 418
8,503
«» 8, 338
7,777
8,689
9,178
5,814
7,140
7,299
7,868
5,268
5,226
5,208
Industrial
thous. of dol_8,061
a
11. 336
13,615
11,438
13, 117
15, 745
7,953
10, 880
9,568
7,547
8,909
5,579
8,016
Trade
thous. of dol
10 357
9,520
10, 391
9, -484
11,909
10, 730
6,249
6,080
8,270
5,201
7,538
Unclassified (273 estab.) § -thous. of dol.. 9,688
6,577
8,258
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines
_
dollars. . 274,829 259, 136 274, 366 225, 078 227, 827 284, 758 221, 663 299, 610 332, 343 376, 644 303, 229 253, 256 266, 689
29, 039
28, 668
29, 261
36, 653
35, 563
24, 312
22, 665
18, 188
33, 675
Plastic paints
dollars.. 27, 463 27, 314 30, 807 27, 864
Cold-water paints
dollars.. 102, 379 71,828 78, 496 70,304 52, 869 64, 215 69, 000 88, 114 113, 202 128, 461 102, 892 103, 161 107. 877
• December, 1 estimate.
• Revised.
/ October, 1 estimate.
' For earlier data on lard-compound price, see p. 18 of the January 1934 issue
t Revised series: Monthly data on cottonseed and sottonseed products for the year ended July 1932 were ?hown on p. 20 of the February 1933 issue; revisions for each
month of 1933 were shown when monthly data for 1934 became available; revisions for year 1934 were shown on p. 38 of the November 1934 issue and for year ended July 1935
on p. 20 of this issue. For exports of cottonseed cake and meal for the year 1932 see p. 37 of the June 1933 issue, data revised for 1933 see p. 19 of the September 1934 issue.
Quarterly data on fats «nd oils for the years 1932 and 1933 were shown on p. 19 of the March 1935 issue; for 1934 on p. 19 of this issue.
# See footnote on p. 37 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue
§ For revised data on paint, varnish, and lacquer products for the years on "total" for 1928-35 and "unclassified" for years 1932-35 see p. 20 of this issue.
• This series prior to September 1935 was listed as "Lard Compound."




41

SURVEY OF CURRENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1935
February

March

April

May

June

July

August

CHEMICALS AND ALLIED PRODUCTS—Continued
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:*
Sheets, rods, and tubes:
Production _
thous. oflb_Shipments
__
thous. of lb__
Cellulose-acetate:*
Sheets, rods, and tubes:
Production—
.-thous. of lb_.
Shipments
..
thous. of lb._
ROOFING
Dry roofing felt:
Production
....
short tons
Stocks end of month
... short tonsPrepared roofing shipments: 1
Total
thous. squares
Grit roll
. thous. squares..
Shingles (all types)
thous squares
Smooth roll
thous. squares..

1,551
1,435

841
872

1,131
1,094

1,028

948

1,089

954

1,465
1,275

1,476
1,135

1,363
1,228

1,311
1,356

1,292
1,246

1,009
1,017

882
884

393
415

449
409

304
276

466
448

1,004
1,026

922
849

962
1,054

1,107
1,048

718
649

20, 419
7,376

15, 667
6,411

14, 710
6,648

12, 972
6,672

11,310
8,555

12, 899
6,629

11, 726
7,484

15, 223
7,909

19, 723
6,653

2,019

2,387
597
655
1,136

1,941

1,373

1,277

1,118

2,032
464
555
1,012

557
477
985

462
483
996

345
315
713

368
247
663

278
257
583

1,026
1, 024

1,285
« 1, 294

317
293

486
•525

595
578

21, 831
6,324

21, 454
7,252

20, 215
7,376

20, 666
7,730

2,974
606
908
1,460

2,882
586
991
1,304

2,213

2,321

576
635

1,110

2,768
667
815
1,286

494
739
980

0

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, totalf „ .
mills, of kw.-br_.
By source:
Fuels f
mills of kw.-hr. .
Water power f...
mills, of kw.-hr..
By type of producer:
Central stations t-mills, of kw.-hr..
Street railways,manufacturing plants, etc.
mills, of kw.-hr. _
Sales of electrical energy:
Sales to ultimate consumers, total (Edison
EUc. Inst.)
mills, of kw.-hr. .
Domestic service
- mills, of kw.-hr
Commercial—ret ail
mills, of k w.-hr. _
Commercial — wholesale mills, of kw.-hr
Municipal street lighting
mills of kw -hr
Railroads:
Electrified steam.
mills, of kw.-hr..
Street and interurban mills, of kw.-hr
Revenues from ultimate consumers (Edison
Eiec. Inst.). __
.
.thous. of dol
GAS
Manufactured gas:*f
Customers, total
thousands-Domestic
__.
thousands
House heating
thousands-Industrial and commercial. -thousands-Sales to consumers
millions of cu. ft
Domestic
millions of cu. ft
House heating
_ millions of cu. ft
Industrial and commercial
millions of cu. ft._
Revenue from sales to consumers
thous. of doL.
Domestic
thous. of dol_
House heating
,
thous. of doL.
Industrial and commercial.. -thous. of doL.
Natural gas:*t
Customers, total.
thousandsDomestic
thousands..
Industrial and commercial _ _ thousands. _
Sales to consumers
millions of cu. ft._
Domestic
millions of cu. ft..
Industrial and commercial
millions of cu. ft._
Revenues, from sales to consumers
• thous. of doL.
Domestic. _
thous. of doL.
Industrial and commerciaLthous. of doL.

8,218

7,207

7,833

7,609

8,058

8,349

7,494

8,011

7,817

8,021

7,873

« 8, 370

« 8, 569

5,186
3,031

4,814
2,393

5,138
2,695

4,664
2,945

4,875
3,183

5,079
3,270

4,512
2,982

4,446
3,566

4,206
3,612

4,300
3,721

4,424
3,449

4,778
« 3, 592

« 5, 242
« 3, 327

7,743

6,846

7,426

7,206

7,601

7, 881

7,063

7,552

7,366

7,556

7,417

"7,843

« 8, 071

475

361

407

403

457

468

431

459

451

465

456

527

498

6,774
1,024
1,111
3,034

5,988
1,081
1,112
3,142

6,989
1,168
1,157
2,989

6,128
1,224
1,192
2,969

6,469
1,317
1,245
3,135

6,194
1,211
1,164
3,103

6,081
1,125
1,120
3,134

6,225
1,102
1,129
3,327

6,145
1,060
1,099
3,346

6,147
1,059
1,095
3,396

6,265
1,052
1,128
3,468

6,614
1,073
1,177
3,734

180

194

203

206

222

213

201

186

175

152

170

180

55
323

59
353

56
361

64
418

67
431

62
391

67
384

69
365

66
354

65
331

67
329

67
333

150, 196

155, 812

160,451

163, 807

170, 101

162, 470

155, 884

156, 069

153, 203

151,437

151, 215

156,038

10, 022
9,480
96
437
27, 586
20, 163
490

10, 027
9,474
106
438
29,231
20, 732
1,295

9,994
9,432
115
438
30, 101
19, 128
3,630

9,972
9,404
118
441
32, 119
19, 137
5,321

9,915
9,346
121
439
34,809
20, 198
6,391

9,928
9,362
123
433
33,943
19, 652
6,019

P 933
8,371
115
435
32,099
19, 343
4,620

9,967
9,397
118
441
32, 089
19, 180
4,206

10, 036
9,465
121
439
31, 668
19, 924
3,359

10,649
9,484
116
438
30, 006
20,468
1,411

10, 047
9,489
107
440
26, 675
18, 236
610

10,055
9,501
105
437
25, 348
17,243
430
7,540

6,770

7,022

7,154

7,445

8,000

8,071

7,941

8,518

8,214

7,981

7,647

27, 637
21,935
319
5,270

30,694
24, 972
402
5,210

31,935
25, 405
912
6,488

31,921
24, 210
1,942
5,638

32, 902
24, 060
2,939
5,763

34, 424
24,485
3,797
5,995

33, 482
23, 576
3,778
5,989

32, 227
23, 224
2,983
5,880

31,957
23, 385
2,464
5,962

32, 423
24, 726
1,726
5,838

31, 763
25, 123
910
5,625

28, 824
22, 978
426
5,315

5,659
5,340
318
68,437
10,919

6,530
5,218
310
64,021
12, 216

6, 688
5,263
322
69, 450
15, 667

6,647
5,302
343
80, 812
23, 135

5,673
5,316
355
93, 384
33, 916

6,620
5,267
351
101, 570
40,640

5,638
5,284
351
100, 606
39, 945

5,663
5,305
356
93, 343
35, 452

5,653
5,303
348
85, 690
29, 132

5,671
5,325
343
79, 084
24, 303

5,662
5,329
331
70, 578
18, 060

5,646
5,321
323
65, 110
12,617

56,547

50, 819

52,983

56, 780

58, 444

59, 833

59, 514

58, 709

55, 544

53, 692

51,288

51, 599

19, 993
9,824
10, 038

19, 415
10, 356
8,918

21, 655
12, 103
9,430

26, 580
15, 938
10,509

33, 239
21, 414
11, 666

37, 679
25, 302
12, 198

36, 870
24, 339
12, 348

34, 035
22, 168
11,683

30, 400
19, 043
11, 203

27, 207
16, 679
10, 371

23, 330
13, 603
9,575

20, 256
10, 718
9,403

FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax -paid withdrawals)
thous. of bbl._
3,931
3,512
2,722
3,277
2,968
2,329
3,270
4,006
2,545
3,431
4,341
5,332
5,465
Production
.thous. of bbL.
3,271
2,721
3,868
3,290
2,592
2,874
2, 825
4,036
4,521
4,465
4,576
5,335
5,107
Stocks, end of month
thous. of bbl..
6,690
6,270
6,064
6,654
5,438
6,811
6,472
5,925
7,219
7,341
6,924
7,736
7,615
Distilled spirits:*
Consumption (tax-paid withdrawals) t*
thous. of proof gaL.
4,604
7,020
6,963
6,072
4,214
6,323
6,258
4,591
4,901
5,301
4,675
4,265
4,535
Whisky
thous. of proof gaL.
6,372
3,961
5,267
5,338
5,516
3,700
4,203
4,715
4,384
4,613
4,014
3,486
3,758
Production, total
thous. of proof gal-- 16, 238
12, 224
9,465
12, 110
14, 536
15, 754
14,543
16,067
15, 171
16, 701
15, 144
14, 089
15, 610
Whisky
thous. of proof gaL. 13. 989
8.785
11. 200
11.258
13. 134
14. 875
13. 954
15. 348
14. 329
15. fi79
14. 28ft
14 5/V7
13. nfi7
• New series. For earlier data see p. 19 of the May 1935 issue, manufactured and natural gas. Beverage figures are from the U. 8. Treasury, Alcohol Tax Unit. Monthly
data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933. Series on cellulose products prior to January 1933 not available.
1 Revised series. Data revised beginning with January 1932. See p. 39 of the April 1935 issue. Revisions for period January 1932-January 1934, inclusive, will be
shown in a subsequent issue.
t For revised data for electric-power production for 1932 see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; 1934 data also revised. Revisions
not shown in the June 1935 issue will appear in a subsequent issue. Manufactured and natural gas revisions for years 1929-34, inclusive, were shown on pp. 19 and 20 of the
May 1935 issue. Data on consumption of distilled spirits revised to include brandy tax paid direct from fruit distilleries. For revisions see p. 39 of the March 1935 issue.
• Consumption of distilled spirits (withdrawn tax paid) plus brandy tax paid direct from fruit distillers plus ethyl alcohol withdrawn tax paid (see p. 38) equals
Bureau of Internal Revenue total of distilled spirits withdrawn tax paid.
• Revised.




42

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

November 1935
1935

March

April

May

June

July

139, 036
131, 659

150, 477
142, 639

160, 624
152, 686

171, 094
163, 202

180, 268
172, 363

1,414

1,451

1,271

1,385

August

FOODSTUFFS AND TOBACCO—Continued
BEVERAGES-Continued
Distilled spirits— Continued.
Stocks, end of month. -thous. of proof gal— 187,729
Whisky
thous. of proof gal— 180, 066
Rectified spirits:
Alcohol, ethyl, withdrawn tax paid (see p.
Consumption (tax-paid withdrawals)*
thous. of proof gal—

78,380
72, 883

90, 055
84, 198

98,028
91,630

1C9, 203
102, 604

119, 034
112, 082

1,577

2,019

84, 093
78, 471

2,672

2,825

3,137

1,235

1,202

129, 679
122, 560

1,492

1,345

DAIRY PRODUCTS
Butter:
Consumption, apparent*!
thous. o f l b —
Price, N. Y., wholesale (92-score)
dol. per lb._
Production (factory)!
thous. oflb—
Receipts, 5 markets
thous. oflb-.
Stocks, cold storage, creamery, end of
month
thous. of lb_
Cheese:
Consumption, apparent!
thous. of lb_.
Imports#
thous. of l b _ _
Price, no. 1 Amer. N. Y
dol. per lb__
Production (factory)!
thous. o f l b —
American whole milk!
thous. of lb_.
Receipts, 5 markets
thous. of lb_.
Stocks, cold storage, end of month!
thous. o f l b _ .
American whole milk!
thous. o f l b —
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened). .thous. oflb..
Evaporated (unsweetened)!
thous. oflb_.
Exports:
Condensed (sweetened).. thous. oflb—
Evaporated (unsweetened)
thous. oflb_.
Prices, wholesale, N. Y.:
Condensed (sweetened). dol. per caseEvaporated (unsweetened)
dol. per case—
Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods
thous. of lb—
Case goods
thous. of lb_.
Evaporated (unsweetened):
Case goods
thous. oflb—
Fluid milk:
Consumption in oleomargarine
thous. of lb—
Production, Minn, and St. Paul
thous. of lb—
Receipts:
Boston, inch cream
thous. of qt—
Greater New York*
thous. of qt—
Powdered milk:
Exports.thous. of lb—
Orders net new
thous. of lb._
Stocks, mfrs. end of mo
thous. of lb—

149,397 "139, 206 "147, 877 "142, 755 "139, 956 "134, 872 "114, 954 "118, 843 "139, 465 °154, 367 "138,811 "133, 372 " 150, 704
27
.31
.29
.26
.26
141,141 "143, 761 "133, 817 "112, 577 "105, 930
41, 564
48, 294
49, 928
49, 392
39, 110

.34
106, 122
42, 716

.36
101,136
37, 873

.32
111,207
38, 127

.34
130, 984
44, 246

.27
179, 162
58, 860

.24
200, 733
72, 844

111,073

18,907

8,110

5,341

5,676

33, 096

96, 392

148, 666

125, 047

81, 034

47, 175

.24
186, 562
72, 036

.25
157, 839
53, 000

149, 628 " 156, 855

53,989 « 48, 526 a 59, 802 " 48, 867 " 41, 642 " 56, 793 " 46, 928 « 48, 606 "55,145 "61,215 « 56, 641 « 52, 153
3, 565
4,084
3, 575
4,220
4,455
3,735
2,832
3,632
4,460
5,730
4,063
3,836
.14
.15
.15
.15
. 17
.18
.17
.16
.14
.17
.17
.15
34, 408
27, 743
59,491 " 56, 937 " 54, 008 " 42, 890 " 37, 771 26, 109
40, 547
56, 909
68, 760
70, 659
22, 181
21,118
24, 695
44, 934
54, 293
47, 448 " 37, 983 « 33, 987 " 24, 824 « 20, 991
30, 573
55, 607
9,522
10,821
8,955
13,609
13, 526
18, 480
16, 384
14, 277
10, 688
11,803
12, 840
14, 645
102, 197
89, 878

81,220
71,007

18, 116 ° 18, 157 " 15, 202 « 14, 931

14,297

15, 122

18, 764

138, 202 "146, 883 al34, 189 "101, 183 " 93, 964 118,562

123, 657

141, 331

499

599

842

114,917
102, 633
18,918
235

127, 363
108, 624
a

797

118,008
102, 832

553

109, 972
96, 688

821

470

70, 156
CO, 943

2,383

2,759

3,324

2,840

2,965

2,679

2,642

4.85

4.85

4.85

4.85

4.85

4.85

4.85

62, 851
54, 769

54, 459
46, 593

94, 679
82, 397

" 53, 889
3,647
.16
61,513
51,493
16, 687
0

105, 851
a 92, 767

56, 767
48, 320

75, 291
64, 395

23, 224

27, 349

33, 619

23, 334

21, 689

180, 943

231, 663

269, 344

209, 278

161,929

717

89

265

319

242

4,882

3,267

3,441

2,432

1,581

1,582

4.85

4.85

4.85

4.85

4.85

4.85

3.00

2.80

2.80

2.80

2.70

2.70

2.70

2.70

2.79

3.00

3.00

3.00

3.00

8, 182
17, 349

9,476
15, 891

9,417
13, 555

9,135
11, 236

7,687
10, 516

5,635
8,068

4,646
5,153

4,880
3,714

5,759
5,552

9,571
12, 284

13, 059
16, 511

13,956
18, 159

« 11, 648

343, 132

175, 129

215, 700

203, 402

156, 793

69, 791

28, 913

39, 993

74, 145

179, 684

287, 204

339, 978

358, 780

18, 460

6,515

6,332

6,165

6,552

6,880

7,731

9,622

7,700

8,645

7,012

5,998

4,489

5,371

24, 773

24, 004

24, 174

23,449

24, 747

27, 094

25, 978

29,838

29, 722

38, 702

39, 899

32, 713

27, 869

18,099
~I67~265~ 103, 331

18, 290
106, 118

17, 846
102, 914

17, 350
101, 691

17, 656
103,072

15,747
92, 157

17,624
105, 684

17, 110
105, 280

18, 131
111,529

17, 535
110,417

19,614
110,573

107,630

163
11,629
40, 795

234
11,437
36, 530

168
11,716
33, 151

213
10,7CO
30, 207

223
15, 367
23, 668

170
13, 755
20, 407

200
12, 298
20, 896

228
13, 646
27,377

207
12, 338
36, 440

281
" 12, 989
38, 504

243
16, 239
34, 698

5,732

5,838

4,674

3,107

1,175

616

1,307

1,605

6,928
14, 866
2,787

4, 646
14, 199
2,601

2,642
15, 198
1, 208

1, 189
16, 741
2,385

360
15, 574
3,326

12, 114
3,038

11,466
1,020

8,428

.975

1.C06

.881

.935

.806

.713

.965

.706

18, 393

20, 923

20, 878

17, 688

18, 386

21, 073

15, 453

9, 097

282
14,611
29,589

376
11,090
41, 794

18, 431

FRUITS AND VEGETABLES
Apples:
«120, 670
Production crop estimate thous of bu / i6gf 209
0
7, 725 a 5, 740
6,' 855 " 10, 509 " 17, 441
Shipments/car lot!
- carloads..
Stocks, cold storage, end of month
8,890
4,092
10, 408
10, 328
thous. of bbl__
2, 374
6^800 « 5, 854 " 7, 480 a 13, 772 " 14, 714
Citrus fruit, car-lot shipments!
carloads..
3,420 a 3, 727 a 3, 626 " 2, 151 " 1, 933
Onions, car-lot shipments!
carloads.Potatoes:
.975
1.006
.948
1.006
Price white N Y
dol. per 100 lb . .906
«385 421
Production crop estimate thous. of bu__ f 365, 995
a 14, 846 " 21, 959 a 14, 922 a 72, 188
Shipments, car lot!
- ..carloads.. 11,258

1,744

GRAINS
Exports, principal grains, including flour and
2, 003
1,762
1,999
1,842
1,616
2,773
1,478
1,594
2,884
2,050
1,607
3,388
3, 449
mealt
thous. of bu..
Barley:
581
549
209
128
111
88
582
535
628
67
743
79
1,953
Exports, including maltf
thous. of bu_.
Price, no. 2, Minn.:
.52
1.08
1.01
.58
1.02
1.09
1.09
.97
1.06
.71
1.07
.87
.58
Straight*
dol. per bu
.59
.65
1.15
1.08
.82
1.20
1.07
1.10
1.17
1.18
.94
1.16
.69
Malting*
dol. per bu..
•118,348
Production crop estimate. ..thous. of bu— /290, 297
7,645
1,559
2,104
2,550
1,893
2,628
4,796
5,484
5,188
2,297
3,205
8,595
Receipts, principal markets*_thous. of bu— 13, 780
Visible supply, end of month A
6,412
3,681
7,684
9,005
14,900
12, 962
11,516
5,169
14, 401
13, 525
12,403
6,845
thous. of bu— 12, 009
«Dec. 1 estimate.
/ October 1 estimate.
• Revised.
§ Bulk evaporated milk not included since December 1931.
A Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
' New series"." 'For earlier data see p. 20 of the November 1932 issue, barley receipts; for receipts of milk in Greater New York, p. 20 of the August 1934 issue. Since the
division of no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1, 1934, prices for each grade have been reported separately. See p. 19
of the June 1933 issue for butter consumption. Data on consumption of rectified spirits are as indicated by the sale of stamps. Data prior to April 1933 not published.
# See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.
{Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American
whole-milk cheese p 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,
September 1933 For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For 1932 and 1933 revisions on butter and cheese consumption
and 1933 revisions on production of butter, cheese, condensed and evaporated milk, see p. 19 of the March 1933 issue. For 1934 revisions on production of butter, cheese,
condensed and evaporated milk, and apparent consumption of butter and cheese see p. 19 of this issue. For final revision for 1933, car-lot shipments of apples, citrus fruits,
onions, and potatoes, see p. 20, January 1935 issue, and for 1934 revisions for car-lot shipments of apples, citrus fruits, onions, and potatoes, see p. 20 of this issue. For revised
figures for 1933 exports of principal grains and barley, see p. 20 of September 1934 issue.




November 1935

43

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ary
ber
ber
ber

1935
March

April

May

June

July

August

FOODSTUFFS AND TOBACCO—Continued
GRAINS— Continued
Corn:
Exports, including mealf
thous. of bu_.
28
Grindings
thous. of bu__
4,710
Prices, wholesale:
No. 3, yellow (Kansas City)_dol. per bu._
.78
No. 3, white (Chicago)
dol. per bu._
.82
Production, crop estimate. -.thous. of bu__ '2,213,319
Receipts, principal markets- -thous. of bu_.
7, 129
Shipments, principal markets
thous. of bu._
3,102
Visible supply, end of month •
thous. of bu__
3,932
Oats:
Exports, including oatmealf-thous. of bu__
142
Price, no. 3, white (Chicago) -dol. per bu__
.30
Production, crop estimate thous. of bu /I, 183, 870
Receipts, principal markets.. thous. of bu._ 21, 300
Visible supply, end of month •
thous. of bu._ 41, 430
Rice:
Exportsf
pockets 100 lb._ 90 194
Imports??
pockets 1001b__ 13, 107
Price, wholesale, head, clean, New Orleans
dol. per lb__
.040
Production, crop estimate thous. of bu_. f 38, 918
Southern States (La., Tex., Ark., and
Tenn.):
Receipts, rough rice, at mills
thous. of bbl. (1621b.)._
930
Shipments from mills (milled rice) total *
thous. of pockets (100 lb.)_.
591
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
thous. of pockets (100 lb.)__
709
Rye:
Exports, including flour thous. of bu..
2
Price, no. 2, Minneapolis
dol. per bu__
.47
Production, crop estimate thous. of bu__ / 52, 236
Receipts, principal markets* _thous. of bu._
2,461
Visible supply, end of month*
thous. of bu_. 8,367
Wheat:
Exports:f
1,324
Wheat, including flour thous. of bu_.
14
Wheat only
thous. of bu
Prices, wholesale:
No. 1 Dark Northern Spring, Minn.*
dol. per bu_.
1.33
No. 2 Red Winter, St. Louis
dol. per bu__
1.03
No. 2 Hard Winter, K C-dol. per bu__
1.15
Weighted average 6 markets, all grades
dol, per bu_.
1.03
Production, crop estimate, total
thous. of bu_. / 598,935
Spring wheat
thous. of bu__ / 167,226
Winter wheat.
thous. of bu__ / 431, 709
Receipts
thous. of bu
42, 289
Shipments
thous of bu
15 595
Stocks visible supply world thous. of bu
Canada
_
thous. of bu 219, 903
78, 631
United States •
thous of bu
Stocks, held by mills (quarterly)
thous. of bu_. 155, 791
Wheat flour:
Consumption (computed) t- thous. of bbl.. 8,621
279
Exports
thous. of bbl._
Grinding of wheat
thous. of bu_. 41,706
Prices, wholesale:
Standard Patents, Minn.__dol. per bbl_.
8.38
Winter, straights, Kansas City
dol. per bbl..
7.06
Production:
Flour, actual (Census)... thous. of bbl.. 9,059
Flour prorated, total (Russell's) f
thous. of bbl_. 9,746
Offal..
thous. of Ib 745, 159
Operations, percent of total capacity
.61
Stocks, total, end of month (computed)
thous. of bbl__
5,400
Held by mills (quarterly) .thous. of bbL. 3,864

357
4,839

308
5,302

224
4,062

147
5,261

74
4,051

51
3,399

62
4,574

44
5,513

39
4,571

29
4,028

63
•4,001

74
3,917

.81
.84

.80
.82

.91
.93

.96
1.01

.96
.98

.92
.94

.88
.89

.93
.94

.92
.91

.89
.88

.87
.87

.84
.84

18, 685

16, 157

8,858

9,226

6,720

5,999

7,559

9,878

10, 850

9,091

7,313

6,146

10,448

12, 372

12, 514

11, 294

8,931

7,767

9,308

7,905

7,356

6,039

4,565

3,342

62, 407

58, 683

50, 537

43, 462

34, 204

28, 160

21, 923

15,924

12,041

8,860

7,317

6,821

87
.55

71
.52

78
.54

73
.56
•525 889
3,119
3,876

91
.66

54
.54

68
.49

65
.50

63
.44

303
.39

154
.36

70
.29
28, 907

•1,377,126

4,886

4,516

1,983

2,256

2,261

2,224

3,351

1,901

2,544

24, 241

22, 627

22, 191

22, 576

21, 258

19, 443

14, 366

11, 867

10, 786

8,399

7,075

25, 068

31, 328
47, 313

61, 164
44 645

61 640
42 643

53 225
46 330

73 882
93, 287

46 194
182 985

26 121
81 158

141, 593
15, 844

288 072
7,717

329, 712
6,897

55 374
11, 789

35, 182
12,412

.039

.039

.049

.049
• 38, 296

.049

.039

.039

.039

.040

.040

.040

.040

836

1,974

910

612

688

1,280

825

175

143

82

14

272

747

993

810

714

829

1,054

910

953

961

529

270

331

1,083

2,189

2,356

2,311

2,247

2,562

2,550

1,842

1,075

6?2

383

333

0
.76

0
.76

0
.76

0
.69

0
.61

0
.61

0
.54

0
.46

2
.48

0
.45

2
.87

1,401

1,502

2,332

0
.80
• 16, 045
445

86

57

405

190

1,680

298

286

2,212

« 11, 735

12,323

13,425

12, 572

11,486

10, 630

9,652

8,988

9,198

8,559

6,907

7,060

2,199
109

1,923
57

1,936
152

1,511
32

1,257
14

1,301
4

1,502
10

1,281
30

1,426
2

1,195
g

1,231
66

1,278
g

1.21

1.15

1.14

1.17

1.18

1.15

1.13

1.19

1.16

1.05

1.13

1.27

.93
.99

.86
.88

.87
.99

.92
1.04

1.08

.97

.97

.98

024
217
490
779
739

28 895
11 233
339 480
192, 419
36 674

48, 169
14 997
359 920
186, 114
64, 198

1.04
1.08

1.01
1.02

1.19

19
14
506
222
119

1.00
1.02
1.14

1.13

082
767
250
260
001

12
15
497
246
107

946
395
570
247
050

9
15
471
249
98

154
066
620
686
756

160, 904
9,268
443
40, 371

1.04
1.04

1.02
1.01

.98
1.00

.95
.97

.97
1.05

1.12

1.12

1.12

1.06

1.13

• 496,929
•91,377
• 405,552
7 843
8 051
509 410
253 119
89 766

5
8
517
242
74

127
63S
317
363
774

3
6
481
235
62

771
846
793
515
769

134 935

9,875
397
41, 833

8,881
380
37, 393

8,694
315
34, 323

4
6
445
227
52

668
355
599
259
735

6,390
7 971
405, 507
216, 181
42, 832

8
8
380
199
31

298
683
760
926
607

87 314

8,600
265
37,766

8,009
276
34,509

8,697
317
36,309

10
11
342
194
23

58 700

8,154
266
35, 466

7,920
303
35, 567

7,624
253
33, 745

7,665
248
33, 918

0

« 7, 646
270
37,141

7.50

7.32

7.25

7.25

7.32

7.28

7.16

7.48

7.22

6.87

7.44

7.99

6.22

6.88

5.79

5.85

5.79

5.75

5.66

5.91

5.69

5.54

6.13

6.24

7,599

7,986

7,787

7,806

7,381

7,387

8,125
625 958
48

7,857
597 746
47

8,163
599, 548
46

4,200

4,100
3,639

4,400

8,822

9,181

9,881
716, 936
59

10, 382
736, 619
55

9,311
655, 023
53

5,090
3,473

5,200

5,250

8,211

7,547

8,315

8,585
601 417
49

9,024
657 904
61

8,465
599, 975
53

8,767
634 700
49

8,290
621, 828
48

4,820
3,857

4,700

4,600

4,500
3,582

4,270

0

8,082

8,016
a
659, 717
48
a

4, 500

LIVESTOCK AND MEATS
Total meats:
Consumption, apparent A
mills, of Ib
959
882
876
1,154
1,086
808
871
960
1 003
777
917
828
Production (inspected slaughter) ±
mills, of Ib
954
799
818
1,161
1 204
1 122
782
744
780
988
777
843
Stocks, cold storage, end of month, total A
421
852
921
mills, of l b _ _
813
641
478
828
1, 021
716
540
1,077
981
913
Miscellaneous meats..mills, of lb._
49
105
66
50
50
107
113
126
110
89
78
57
53
« Revised
> Brewer's rice not included.
• Dec. 1 estimate.
/ Oct. I estimate.
* New series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 20 of the June 1935 issue, wholesale price of wheat, No. 1 Dark Northern Spring, Minneapolis.
t Data revised. For revisions of wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p 19 of the August 1933 issue For revised
data on rice exports for 1932 see p 39 of the June 1933, issue and for 1933 exports, see p. 20 of the September 1934 issue. For 1933 revisions on corn, wheat, and wheat (including flour), see p. 20 of the September 1934 issue.
• Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.
* Government slaughter not included.
# See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.




44

SUKVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1935

November 1935
1935

1934

Septem- SeptemOctober Novem- Decem- January Februber
ary
ber
ber
ber

March

April

May

June

July

405, 041
1,034

425. 522
1,084

380, 687
623

416, 360
988

August

FOODSTUFFS AND TOBACCO— Continued
LIVESTOCK AND MEATS-Continued
Cattle and beef:
Beef and veal:
Consumption, apparent A _ _ thous. of lb_.
Exportsf
thous. of lb-_ "1,126"
Price, wholesale:
Beef, fresh native steers, Chicago
.179
dol per lb_.
Production, inspected slaughter A
thous of Ib
Stocks, cold storage, end of month A
thous. oflb-_ 48, 145
Cattle and calves:
Movement, primary markets: •
2,257
Receipts
thous. of animals- 1,241
Slaughter, local
thous. of animals-.
Slaughter, inspected. (See Leather
and leather products.)
978
Shipments, total. _ -thous. of animals_.
441
Stocker and feeder.thous. of animals..
Price, wholesale, cattle, corn-fed, Chicago
dol. per 100 lb._ 11.31
Hogs and products:
Hogs:
Movement, primary markets: •
1, 220
Receipts
- thous. of animals.824
Slaughter, local
thous. of animals..
Slaughter, Inspected. (See Leather
and leather products.)
390
Shipments, total
thous. of animals..
22
Stocker and feeder.thous. of animals-.
Price, heavy, Chicago.. -dol. per 100 lb_. 11.41
Pork, including lard:
Consumption, apparent A _thous. of l b _ _
6, 213
Exports totalf
-thous. of Ib _
1, 515
Lardfthous. of lb-_
Prices:
.279
Hams, smoked, Chicago. _dol. per lb._
Lard:
.169
Prime contract, N. Y__.dol. per lb-.
,177
Refined Chicago*
dol. per lb_.
Production, Inspected slaughter, total A
thous of Ib
Lard A
thous o f l b
Stocks, cold storage, end of mo.
thous. o f l b - - 322, 899
Fresh and curedA
thous. of lb._ 277, 711
Lard A
thous. of lb._ 45, 188
8 beep and lambs:
Lamb and mutton:
Consumption, apparent A __thous. of Ib-Production, inspected slaughter A
Stocks, cold storage, end of mo.
thous. of lb-.
Movement, primary market?: •
Receipts
thous. of animals-.
Slaughter, local thous. of animals-.
Slaughter, inspected. (See Leather and
leather products.)
Shipments total
thous. of animals Stocker and feeder.. thous. of animals..
Prices, wholesale:
Ewes, Chicago
__dol. per 100 lb_Lambs Chicago
dol. per 100 lb_.
Poultry and eggs:
Eggs:
Receipts, 5 markets
thous. of cases Stocks, cold storage, end of month:
Case
__thous. of cases Frozen
...thous. of lb_Poultry:
Receipts, 5 markets
.thous. of lb-_
Stocks, cold storage, end of mo.
thous. of lb-.
TROPICAL PRODUCTS
Cocoa:
Imports^
long tons.Price, spot, Accra, N. Y
dol. per Ib..
Shipments, Gold Coast and Nigeria
long tons_.
Coffee:
Clearances from Brazil, total
thous. of bags. _
To United States
thous. of bags..
Imports into United States^
thous. of bags-.
Price, Rio No. 7, N. Y
dol. per Ib..
Receipts at ports, Brazil- _. thous. of bags..
Stocks, world total, incl. interior of Brazil
thous. of bags_.
Visible supply, total excl. interior of
Brazil
thous of bags
United States
thous. of bags..

461, 132
1,683

522, 298
1,638

464, 739
1,961

422 822
l[371

466, 814
1,342

365, 414
1,164

394, 538
1,285

471, 179
1,193

.141

.133

.123

.128

.157

.184

.192

.191

.174

.170

.179

471, 010

535, 042

481, 645

429, 835

449, 865

345, 112

374, 848

374,311

404, 144

366, 834

404, 365

463, 641

92, 575

108, 399

127, 953

140, 940

127, 097

110,777

98, 550

77, 559

63, 523

55, 653

49, 473

« 47, 292

3,777
2,140

3,000
1,711

2, 163
1,356

1,797
1,221

1, 589
1, 226

1,381
859

1,470
915

1,630
1,025

1,636
1,034

1,402
904

1,603
1,053

1,943
1,136

1,071
550

1,257
477

835
317

565
165

649
199

509
192

537
192

587
219

596
237

494
150

414
145

792
302

9.36

8.71

8.46

9.17

10.88

11.98

12.33

12.55

12. 43

11.50

10.90

11.54

2, 093
1, 531

2,807
2,032

3,218
2,338

3, 140
2, 1S9

2,422
1, 651

1, 823
1,223

1,622
1,126

1,650
1,138

1,551
1,075

1,301
926

1,336
912

1,278
874

561
67
7.23

771
Go
5.95

881
52
5.95

953
42
6.51

764
30
7. 99

601
26
8. 49

498
32
9.29

506
28
8.96

477
26
9.41

375
27
9.49

420
24
9.49

401
31
11.26

442, 693
41, 650
31,701

668, 257
35, 737
27, 098

570, 492
34, 023
19, 965

486, 499
25, 670
16, 295

4S2, 720
27,419
17, GG7

3C5, 749
24, 165
15, 890

377, 014
19, 364
10, 635

415,462
14, 787
7,193

427, 060
20, 294
9,740

370, 858
15, 041
6,877

395, 089
13,413
4,915

341, 068
10, 256
3,406

. 175

.184

.176

.164

.161

.165

. 176

.185

.195

.203

.213

.223

.264

.102
.116

.101
.108

.112
.116

.122
.131

. 136
.144

.143
. 145

.144
,148

.138
.143

.141
.148

.147
.154

.151
.158

.168
.177

427, 324
69, 424

561,807
88, 548

669, 797
103, 746

641,917
109, 999

484, 691
78, 393

335, QOtS
61, 221

351, 302
55, 640

363, 631
57, 704

373, 924
58, 684

321, GS5
49, 102

315,612
45, 772

290, 419
41,306

652, 274
524, 220
128,054

610, 256
504, 737
105,519

675, 740
571, 913
103, 827

805, 070
6S7, 563
118, 107

780, 481
667, 9S4
112, 497

776, 795
G66, 598
110, 197

732, 280
G27, 346
104, 934

666, 105
564,881
101, 224

593, 399
503, 413
89, 986

529, 9S7
445, 307
84, 680

438, 345
369,910
68, 435

* 378, 786
«0325, 249
53, 537

55, 209

63, 765

50, 806

50, 678

53, 665

45, 856

58, 365

61,319

64, 862

56, 361

59, 874

63, 986

56, 061

64, 478

52, 451

50, 625

tj~i, 9^0

45,600

56, 179

61, 089

64, 678

55, 946

59, 653

63, 641

1,377

2,400

3,074

4,687

4,560

3,S19

3,506

3,218

3,031

2,354

2,376

2,109

1,730

2,822
1, 109

3, 324
1,384

4,056
2,126

1, 833
1,017

1,542
902

1,749
1, 022

1, 522
850

1, 803
1,011

2, 106
1,223

2,251
1,227

1, 994
1,037

2,368
1,185

2,577
1,144

1, 660
533

1,931
774

1,943
908

819
283

644
133

720
151

666
134

784
137

886
88

1,046
86

891
81

1, 169
109

1,434
342

3.28
8.95

2.09
5.56

2.00
5.56

2.00
5.61

2.63
5.98

3.91
6.53

4.09
6.47

4.13
6.63

4.00
6.58

3.69
6.72

3.00
6.72

2.95
8.23

3.09
8.25

781

665

655

588

642

750

858

1, 488

1,866

1,963

1,503

1,170

856

6, 343
99, 330

6,803
99, 951

4,633
88, 715

2, 380
76, 073

648
64, 879

39
52, 726

34
39, 413

1,508
39, 516

3,901
59,313

8,366
84, 680

7, 595
107, 937

7,947
116, 274

« 7, 373
* 112, 585

21, 783

24, 725

31, 383

64, 370

59, 223

23, 641

16,501

13, 542

14, 178

15, 147

18, 615

18, 646

47, 051

41, 262

73, 401

105, 565

132, 001

122, 2S5

106, 776

83,713

61, 815

12, 587
.0517

18, 973
.0510

17, 154
.0485

16, 713
. 04S7

10, 933
.0504

23. 378
. 0527

46, 706
. 0525

44, 235
.0500

17,051
.0491

11, 763
.0474

12, 332
.0470

18, 229
.0501

21, 593
.0501

10, 820

3,441

11,822

32, 462

45,259

59, 032

52,091

30, 175

22, 657

14, 631

12, 796

17,399

14, 696

1,466
887

1, 467
783

1,308
815

978
514

1,076
572

1,096
609

1,118
724

1,000
610

1, 138
612

1,390
687

1,316
734

1,308
728

1,298
637

1,130
.066
1,431

919
.095
1,047

1,018
. 094
1,154

1,021
.093
1,113

762
.093
1,105

1,059
.094
1,093

1,199
.085
1, 029

1,201
.076
1,514

1,061
.071
1,344

911
.071
1,509

971
.069
1,440

1,114
.068
1,343

943
.064
1,379

» 22, 266

' 21, 133

26, 168

25, 904 |

25, 633

8,302
813

7, 064
866

6,537
705 i

6,477
878

0)
7,653
863

(0
6, 820
820

6,642
716 1

(0

0)

0)

0)

0)

0)

6,915
769

7,153
715

7,374
655

7,540
672

7,670
799

7,749
790

See footnote on p. 37 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
For revisions of beef and veal exports for 1932, see p. 40 of the June 1933 issue; for revised data for 1933 on all export data; see p. 20 of the September 1934 issue.
New series. See p. 18 of January 1934 issue.
Includes animals purchased for Federal Relief Corporation for period July 1934-February 1935.




34, 911

55, 262

48, 274

i Data not available.
a Total incomplete.
A Government slaughter not included, see p. 44 of the June 1935 issue.
#
t
*
•

16, 765
a

39, 498

SURVEY OF CURRENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

45
1935

March

April

May

June

July

August

FOODSTUFFS AND TOBACCO—Continued
TEOPICAL PRODUCTS— Continued
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons..
United States:
Meltings 8 portsf
long tons
Price, wholesale, 96° centrifugal, New
York
dol. per lb._
Receipts:
From Hawaii and Puerto Rico
long tons..
Importsf #
long tons
Stocks at refineries, end of mo.t
long tons..
Refined sugar
Exports, including maplef— -long tons..
Price, retail, gran., N. Y
dol. per lb__
Price, wholesale, gran., N. Y.dol, per lb_.
Receipts:
From Hawaii and Puerto Rico*
long tons..
Imports: A
Cuba*
long tons..
Philippine Islands*
long tons
Shipments 2 portsf
Jong tons..
Stocks, end of month, 2 portsf.long tons..
Tea:
Imports^
- --thous. of lb._
Price, wholesale, Formosa, fine. N. Y.
dol. per lb_.

1,076

1,764

1,589

1,345

983

930

1,789

2,317

2,465

2,230

1,993

1,589

1,158

301 969

350 048

411,507

278, 822

227, 522

356, 818

300 884

327, 724

340 929

436 500

323 013

414 436

331 240

.035

.029

.029

.029

.029

.028

.029

.030

.033

.033

.033

0.33

.033

116, 556
117 163

98, 415
683 137

49, 393
241 262

65, 794
165 562

58, 463
260 715

100, 368
484 448

151, 033
139 153

181, 898
205 251

168, 519
242 346

125, 811
225 913

117, 378
326 736

120, 832
511 025

537, 518

501, 240

363, 952

456, 679

718, 953

483, 143

424, 085

492,247

567, 039

509, 028 504, 813

536, 236

596, 925

13, 369
.056
.051

13, 369
.055
.047

20, 194
.055
.046

24, 453
.053
.045

21, 461
.052
.043

8,948
.052
.042

10, 307
.051
.042

7,932
.051
.043

4,209
.052
.049

6,496
.056
.051

12, 450
.055
.050

3,187
.053
.052

163,091
210 218

5,681
.053
.052

6,381

3,089

0

670

2,528

6,972

18, 816

13, 158

12, 806

15, 028

16,260

12, 099

6,472

7, 666

134, 194

6,343
53
37, 414
25, 969

53, 280
18
42, 309
18, 110

46, 577
15, 565

o

15, 263
729
50, 515
16, 026

45, 164
4 816
59 109
11, 839

24, 586
5 875
56 190
13, 857

10 361
6 857
50 368
14, 603

27 842
6 555
58 606
13, 346

101 105

55, 477
10, 565

4,911
2,435
36.981
23, 429

18, 385

46 853
9, 754

64, 724
2,619
42, 481
15,854

8,457

7,426

7,942

7,668

5,015

7,385

6,524

8,401

6,049

5 999

5 499

5 830

6 521

.215

.215

.215

.215

.275

.275

.275

.275

Candy sales by manufacturers. thous. of doL. 27, 8S6 24, 419 25, 107 24, 935 24, 596 20, 475 21,238 21, 753 20, 419
Fish:
Landings, fresh fish, principal ports
thous. of lb_. 38, 445 33, 251 25, 056 26, 966 24, 350 21,616 27, 454 37, 369 44, 343
Salmon canned, shipments
cases.. 950 789 941, 121 889, 651 367, 430 362, 326 348, 805 659, 355 676, 996 309, 459
Stocks, total, cold storage, 15th of month
thous. of lb_- 66, 527 73, 637 77, 151 77, 126 73, 850 64, 176 51, 574 35, 213 22, 068
TOBACCO
Leaf:
Exportst--.
.thous. of lb_. 52, 671 53, 097 64, 810 47, 534 28, 609 31,711 24, 629 31,897 17, 937
4,521
4,613
5,140
3,608
Imports, unmanufactured# thous. of lb_. 4,943
5,989
4,418
4,501
5,700
•I, 045,660
Production crop estimate .thous. of 1b._ /l,272,945
Stocks, total, including imported types
2,224
2,202
2,348
(quarterly)
-- mills, of lb_.
Flue-cured, fire-cured, and air-cured
1,783
mills, of lb_.
1,866
1,749
387
360
372
Ci gar types
mills, of lb._
Manufactured products:
Consumption (tax paid withdrawals):
10, 718
9,210
10,200
9,727
11,337
10, 697
Small cigarettes
-.millions.. 10, 774 10, 294
9,306
Large cigars
thousands.. 430, 959 394, 862 494, 456 466, 164 317, 563 327, 578 320, 864 351, 694 373, 673
Manufactured tobacco and snuff
thous. of lb_. 28, 984 27, 234 30, 506 27, 759 22, 709 30, 120 26, 103 27, 970 27, 689
Exports cigarettes
thousands. . 297, 240 260, 409 280, 590 282, 269 288, 768 332, 412 329, 290 323, 732 261, 677
Prices, wholesale:
5.380
5.380
5.380
5.380
5.380
5. 380
5.380
5.380
5,380
Cigarettes
do!, per 1,000Cigars
dol. per 1,000. . 45. 996 46. 839 46. 742 46. 697 46. 697 46. 697 48. 820 46. 820 46.041

19, 637

14, 434

11, 191

16,910

41, 588
203 609

38, 378
368 097

42,811
407 363

41, 769
732, 630

21, 691

35, 905

48, 157

59, 44Ii

17, 386
4,044

12, 452
6,623

14, 782
5, 250

22, 644
6, 086

o

. 275

o

. 215

.275

o

50 451
13, 742

275

MISCELLANEOUS PRODUCTS

2,161
1,700
373
11,709
407, 731

12, 120
402, 272

13 138
432, 159

11 975
422, 282

30, 603
382 815

27, 879
308, 500

29, 066
304 549

30, 212
307 484

5.380
46. 041

5,380
46. 041

5.380
46. 005

5.380
45. 996

FUELS AND BYPRODUCTS
COAL
Anthracite:
162
90
122
120
84
118
140
121
91
88
156
156
Exports
thous. of long tons..
89
Prices:
Retail, composite, chestnut 'J
13.11
12.47
12 07
13.05
13.04
13.02
13.02
dol per short ton
13.01
13.01
11 70
11 63
11 86
Wholesale, composite, chestnut!
9.760
9.815
9.833
9.841
9.132
11.033
dol. per short ton.. 9. 657
8.809
9. 245
9.847
9.716
8.918
9.436
3,082
3,977
4,729
4,181
4,705
4,806
5,642
5,691
4, 505
4,919
3,536
2,591
Productionfthous. of short tons.. v 4, 176
3,401
4,027
3,601
4,214
2,555
3,032
5,071
3,946
4,168
4,347
4,879
2,393
Shipmentstthous, of short tons.. 3,587
Stocks in storage:**
2,506
2,540
2,673
1,921
921
774
456
1, 462
705
970
Total
thous. of short tons..
1,415
1,758
Stocks, in yards of dealers, end of month
80
54
60
24
24
27
44
54
72
no. of days' supply-36
23
36
60
Bituminous:
Consumption:
3,241
3,481
3,438
3,637
4,178
4,381
4,134
3,969
3,860
4,199
Coke plants . . ...thous. of short tons.. 4,171
3,765
4,086
Electric power pi ants t
2,742
2,915
2,643
2,698
2,870
3,011
thous. of short tons.. 2,960
2,677
2,579
2,540
2,608 <* 2, 802
" 3, 038
4,801
5,089
5,248
5,094
4,822
4,855
5,550
5,389
4,706
4,329
4,535
4,575
Railroads
thous. of short tons..
120
98
109
82
128"
99
95
144
161
89
79
132
156
Vessels, bunker
thous. of long tons—
« Revised.
/ September 1 estimate.
p Preliminary.
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933—data revised for 1933,
~^$ p. 20 of the September 1934 issue, 1932 finnl revision of anthracite production, p. 42. January 1934. Anthracite shipments for 1932, p. 42, December 1933; consumption of
bituminous coal by electric power plants for 1932, p. 42, May 1933; for 1933, p. 42, May 1934. Data also revised for 1934. Revisions not shown on p. 43 of the June 1935 issue
will appear in a subseouent issue. For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue. For 1932 revisions of sugar imports and exports
see p. 41 of the June 1933 issue. For revisions of export^ in 1933. see p. 20 of the September 1934 issue. Revised data on shipments and stocks of refined sugar at 2 ports
(for period January 1925-April 1935) are shown on p. 18 of the October 1935 issue, change resulted from a reduction in the number of reporting refineries.
# See footnote on p. 37 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.
• Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports.
t Price converted to short-ton basis. Data on a short-ton basis prior to April 1931 were not published. Earlier monthly data were reported on a long ton basis.
« December 1 estimate.
A Note major correction in data on imports of refined sugar from Cuba June-November 1934 were shown in the February 1935 issue.
* New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to May
1934 on imports of refined sugar from the Philippine Intends are not available
f Monthly retail price of coal was discontinued with the month of August 1935. In the future the price will be shown quarterly.




46
Monthly statistics through December 1931,

SURVEY OF CURRENT BUSINESS
1935

1935

1934

ences to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1332 Annual Supplement to the Survey
ber
ber
ber
ary
ber

November 1935

March

April

May

June

July

August

FUELS AND BYPRODUCTS— Continued
COAL— Continued
i
Bituminous— Continued.
804
1,033
882
1,059
366
356
772
Exports
thous. of long tons537
351
983
1,080
949
955
Price, retail composite, 38 cities 1
8.31
dol per short ton
8.35
8.24
8.12
8.35
8.36
8.37
8.39
8.39
8. 11
8.12
8. 05
Prices, wholesale:
4.192
4.190
4.180
4.217
4.252
Composite, mine run dol. per short ton-- 4.237
4.190
4.180
4.233
4.190
4.180
4.180
4.234
Prepared sizes (composite)
dol. per short ton.. 4.336
4.314
4.462
4.277
4.314
4.435
4.449
4.460
4.459
4.446
4.449
4.281
4.294
Production! —
thous. of short tons— p 24, 886 27, 772 32, 807 30, 856 32, 331 36, 681 34, 781 38, 655 21, 937 26, 773 30, 067 22, 252
26, 112
Stocks, consumers, and rttail dealers, end
of month
thous. of short tons.. 41,005 33, 077 35, 810 36, 356 34, 476 32, 045 32, 197 38, 543 36, 249 35, 541 41, 127 40, 772 * 40, 378
COKE
114
92
18
50
70
62
54
42
32
25
83
23
Exports
..-.thous. of long tons.69
Price, furnace, Connellsville
3.60
3.60
3.73
dol. per short ton..
3.33
3.73
3.73
3.73
3.37
3.33
3.73
3.73
3.70
3.54
Production:
67
57
46
57
78
88
93
101
56
55
97
87
61
Beehive!
thous. of short tons—
2,670
2,793
2,171
2,312
2,262
2,414
2,802
2,781
2,566
2,778
2,911
Byproduct!
- -thous. of short tons. . 2,836
2,600
120
132
140
110
129
131
97
116
110
113
119
123
Petroleum
thous. of short tons..
135
Stocks, end of month:
3,019
2,791
3,192
2,846
3,081
3,418
2,961
2,995
2,860
3,418
3,129
2,787
Bvproduct plants
thous. of short tons.. 3, 129
397
416
484
464
441
458
454
405
375
353
459
Petroleum, refinery. -thous. of short tons..
367
424
PETROLEUM AND PRODUCTS
Crude petroleum:
84, 584
Consumption (run to stills) -thous. of bbL. 83, 347 73,611 75, 991 73, 784 76, 593 75, 456 70,817 76, 630 75, 066 80, 412 81, 724 84, 903
3,160
2,651
3,000
3,110
2,395
2,794
3,270
3,448
1,753
1,699
3,227
2,937
Imports#
thous. of bbL. 2,870
.940
.940
.940
.940
.940
.940
.940
.940
.940
.940
.940
.940
.940
Price, Kansas-Oklahoma
dol. per bbl78, 427
82, 454
84, 816
75, 759
76, 593
74, 797
72, 763
85, 485
72, 399
81, 488
78,715
84, 109
82, 338
Production!§
tbous. of bbL.
68
74
70
74
68
72
67
74
69
70
68
69
74
Refinery operations
pet. of capacity-Stocks, end of month:
California:
Heavy crude and fuel oil!
58, 243
thous. of bbl- 58, 518 69, 490 67,133 63, 891 61,861 60, 879 60, 689 59,714 58, 818 58, 928 57, 894 58, 498
33, 494
Light crude!
—-thous. of bbl.. 34, 981 36, 672 37, 209 37, 290 37, 529 37, 823 37, 447 36, 872 35, 377 33, 233 33, 282 32, 662
East of California, total!! thous. of bbl- 278, 643 305, 740 302, 636 297, 068 292,810 293, 226 292, 776 295, 351 297, 380 298, 240 294, 314 289, 703 284, 471
56, 055
Refineries!!
— thous. of bbl_. 53,710 56, 245 56, 339 55, 253 55, 019 55, 892 56, 316 57, 651 59, 343 59, 909 57, 584 56, 081
Tank farms and pipe lines!!
228, 41G
249, 495 246, 297 241,815 237, 791 237, 334 236, 460 237, 700 238,037 238, 331 236, 730 233, 622
tbous. of bbL. 224, 933
1,248
1,428
1,467
1,348
1,171
1,053
1,051
1,103
1,004
1,209
1,036
1,385
Wells completed!!
..
number.. 1,433
Refined products:
Gas and fuel oils:
Consumption:
a
764
849
1,011
894
866
926
•931
892
796
814
852
1,040
800
Electric power plants!- -thous. of bbl—
3,365
3,300
3,390
3,381
3,494
3,282
3, 353
3,108
3,441
3,215
3,437
3,241
Railroads
thous, of bbL.
2,402
2,621
2, 762
2,666
2, 354
2,434
2,350
2,148
2,250
2,477
2,698
2,496
Vessels, bunker
thous. of bbl— ~"2~566"
Price, fuel oil, Oklahoma, 24-26 refineries
.750
.750
.769
.765
.725
.740
.725
.750
.750
.775
.750
.750
.750
dol. per bbl—
Production:
21, 232
Residua] fuel oil*!!
thous. of bbl— 21, 495 19, 522 20, 144 19, 917 21, 086 20, 335 19, 178 20, 453 19, 328 21,311 20, 267 20, 210
Gas oil and distillate fuels*!!
7,183
8,198
8,709
8,129
7,904
7,147
8,205
8,044
8,136
7,696
8,298
thous. of bbL. 8,885
8,678
Stocks:
Residual fuel o?l, east of California*!!
27, 179
thous. of bbL. 27, 351 26, 768 27, 379 28, 081 26, 579 25, 274 24, 136 23, 614 22, 677 23, 884 25, 548 26, 909
Gas oil and distillate fuels, total*!
23, 860
tbous. of bbL. 24, 272 24,295 24, 848 24, 449 21,957 18, 021 16, 260 16, 052 16, 232 17, 365 20, 232 22, 915
Gasoline:
Consumption!!
thous. of bbl— 37, 862 34, 669 37, 674 34, 998 30, 581 28, 062 26, 432 31, 997 36, 076 39, 089 37, 884 41, 203 * 42, 836
1,330
1,848
2,453
2,759
1,092
1,823
1,429
1,845
2,081
2,729
1,677
1,833
Exports*
thous. of bbL. 2,678
Exports, v<Tue. (See Foreign Trade.)
Pricp. \* holesale:
.162
.138
.173
.166
.155
.161
.136
.128
.120
.155
.163
.165
.173
Drums, delivered, N. Y__dol. per gal—
.053
.051
.056
.044
.056
.046
.046
.043
.045
.046
.046
.056
. 056
Refinerv, Oklahoma
dol. per gal—
Price, retail, service station, 50 cities
.139
.136
.129
.132
.119
.132
.133
.136
,124
.140
dol per gal
Production:
3,056
3,085
3,132
3,267
3,263
2,952
* 3, 064
3,074
3,286
3,223
3,134
3,240
At natural ga« plants!! thous. of bhL. 3, 202
40,488
At refineriest!
thous. of bbL. 39, 817 34,488 36, 282 35, 591 35, 997 35, 330 32, 702 35, 314 34, 728 37, 583 38, 180 40,667
Retail distribution (41 States)*
1,043
1,113
1,094
1,243
1,074
809
1,022
931
848
970
1,145
mills of gal
Stocks, end of month:
2,050
2,579
2,975
1,472
1,778
1,346
"1,336
3,027
1,083
1,461
889
2,745
2,760
At natural ga? plants! ..thous. of bbl_.
26,549
At refineries!!
thous. of bbL. 27, 166 28, 949 26, 261 25, 201 28,311 33, 224 38, 548 40, 220 37, 867 34, 725 32, 499 30, 550
Kerosene*
3,545
3,751
4,597
3, 631
3,572
3,957
4,299
3,959
2,885
4,761
4,451
2,768
Consumption!!
thous. of bbL. 3,892
498
496
441
519
797
538
456
789
957
625
691
614
750
Exports
thous. of bbLPrice, 150° water white, refinery, Pa.
.050
.050
.050
.048
.047
.049
.050
.049
.046
.047
.048
.050
.049
dol. per gal—
4,474
4,325
4,390
4,791
5,215
4,212
4, 777
5,011
4,262
4,889
4,417
4,786
Production!
thous. of bbL. 4,498
6,886
7,295
6,834
9,398
6,388
6,119
9,169
7,539
7,497
7,199
6,398
8,310
9,238
Stocks, end of month!
tbous. of bbl—
Lubricating oil:
1,802
1,919
1,667
1,557
1,617
1,655
1,674
1,391
1,297
1,338
1,493
1,558
1, 697
Consumption-^!
thous. of bbl—
Price, cylinder oil, refinery. Pa.
.110
.113
.120
.110
.110
.160
.113
.120
.146
.134
.126
.120
.120
dol. per gaL.
2,309
2,392
2,399
2,251
2,213
2,175
2,145
2,028
2,247
2,106
2,090
2,346
Production!
thous. of bbL. 2,357
Stocks, refinery, end of month!
7,026
6,897
6,649
7,100
7,277
7,416
6,855
6,517
6,939
7,331
6,965
6,869
6,607
thous. of bbL,
* Revised.
o Npv brsis due to reclassification of motor-mel stocks.
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Bituminous coal production, for 1932, p. 42, January 1934. Bituminous
coal production revised for 1933 and 1934. Revisions not shown in the May 1935 issue will appear in a subsequent issue. Beehive and byproducts coke for 1932, p. 43 of
December 1933 issue, and for 1933 revisions see p. 43. July 1934 Data for 1934 also revised; revisions not shown in the July 1935 issue will appear in a subsequent issue. Crude
petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932 See footnote on p. 56, November 1933.
Consumption of gas and fuel oils in electric power plants for 1932, p. 43, May 1933; for 1933 revisions, p. 43, May 1934. Data also revised for 1934. Revisions for months
not shown for 19,54 on p 44 of the June 1935 issue will appear in a subsequent issue. Production of residual fuel oils and gas oil and distillate fuels, stocks of residual fuel
oil east of California consumption of gasoline, production of gasoline at natural-gas plants and refineries, stocks of gasoline at refineries, consumption of kerosene and lubricating oil, for 1932. p. 56, November 1933; retailr distribution of gasoline in 41 States for 1932, p. 43, May 1933, for 1933, p. 43, May 1934.
# See footnote on p. 37 of this issue. lmpo ts also revised for 19'i3. See p. 20 of thp October 1934 is^ue
! Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue.
• Data revised for 1933 See p. 20 of the September 1934 is^ue
• New series For earlier data see p. 20 of the February 1933 issue, production and stocks of residual fuel oil and gas oil and distillate fuels.
 f Monthly retail price of coal was discontinued with the month of August 1935. In the future the price will be shown quarterly.


47

SURVEY OF CURRENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

1935
March

April

May

June

July

August

FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTSContinued
Refined products— Continued.
Other products:
Asphalt:
7
Imports#
thous. of short tons..
343
Production!!
thous. of short tons..
Stocks, refinery, end of month
thous. of short tons__
354
Coke. (See Coke.)
Wax:
Production
thous. of lb._ 36, 400
Stocks, refinery, end of mo.§.thous. of lb. 131, 560

1
296

0
286

1
225

0
U5

3
147

9
132

8
182

1
251

0
308

2
350

2
352

2
380

315

292

309

339

366

378

409

411

424

435

405

363

33, 880
118,991

39, 480
123, 099

39, 480
130, 222

37, 520
136,136

36, 960
141, 252

35, 280
145, 744

37, 240
141, 809

43. 120
144, 153

41, 160
145, 982

31, 360
141, 506

32, 480
138, 941

35, 000
136, 646

LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skinsf#-thous. of lb._
Calf and kip skins
thous. of lb__
Cattle hides
...
thous. of lb._
Goatskins}..
thous. of lb_.
Sheep and lamb skins....
thous. of lb._
Livestock, inspected slaughter:
CalvesA
. thous. of animals..
CattleA
thous. of animals-Hogs
_
thous. of animals...
SheepA.
thous. of animals. .
Prices, wholesale:
Packers, heavy native steers, Chicago
dol. per lb_.
Calfskins, no. 1 country, Chicago
dol. per lb_LEATHER
Exports:
Sole leather
thous. of lb._
Upper leather!*
thous. of sq. ft..
Prod action:
Calf and kip*
thous. of skins..
Cattle hides*f
thous. of hides..
Goat and kid*J
thous. of skins..
Sheep and l<imb*fj
thous. of skins..
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb_.
Upper, composite, chrome, calf, black,
"B" grade
dol. per sq ft
Stocks of cattle hides and leathers (all kinds)
end of month:
Total*?
thous. of equiv. hides..
In process and finished*
thous. of equiv. hides. .
Raw*?
_ thous. of equiv. hides..

25, 056
2,225
11,712
6, 133
3,146

10, 879
806
2,408
3,906
2,409

10, 018
919
2,148
3,202
2, 658

11,095
658
3,763
3,219
2.554

12, 635
1,092
5, 342
2,856
2,397

16. 879
1,289
5, 610
5,752
2,549

18, 568
1,306
7,402
5,870
2,351

24, 705
1, 429
11,801
6,480
3, 440

24, 736
1,140
12,815
6,132
3,160

27, 003
1,810
12, 275
6,056
4,643

25, 107
2,942
10, 203
7,277
3,348

33, 178
2, 164
16, 329
8,211
4,470

28, 357
1,931
11,907
7, 950
3, 576

458
886
1,453
1,549

843
1,804
2, 601
1,743

660
1,417
3,546
2,627

522
1,284
4,023
1,447

494
1,076
4, 196
1,298

512
978
3,047
1,345

391
663
2,409
1, 137

473
691
2,158
1,374

511
683
2,177
1,483

508
735
2,172
1,584

439
669
1,828
1,421

464
745
1,712
1,546

472
875
1,668
1,665

.143

.099

.096

.099

.110

.120

.111

.104

.113

.123

.124

.130

.132

.158

.093

.092

.110

.114

.122

.113

.112

.118

.153

.156

.146

. 138

430
3,603

425
5, 354

363
6,684

451
6, 030

233
5,677

281
5, 428

184
7,3U7

187
7, 094

213
6,040

448
6,035

242
5, 522

382
4,595

1,262
1, 727
3, 969
3, 061

970
1,474
3,290
2,222

1, 161
1,678
3,637
3,062

1,015
1,684
3, 329
2,871

1,079
1,683
3,274
2.707

1,119
1,878
3, 593
3,131'

1,023
1,749
3.652
3,090

1, 095
1,808
4, 038
2,982

1,088
1,823
4,184
3,144

1,156
1,866
3,970
2,850

1,316
1,661
3,587
2,802

1,399
1,719
* 4, 061
3, 039

443
5,798
1, 349
' 1, 830
4,091
« 3, 474
(

.35

.27

.27

.27

.28

.30

.30

.30

.37

.35

.34

.35

.373

297

296

298

307

319

320

320

320

342

354

361

362

17,875

16, 121

16,837

17, 421

17, 905

18, 288

18, 236

18. 152

18, 209

18, 203

18, 044

" 17, 844

11,282
6,593

10. 037
6,084

10, 253
6,584

10, 507
6,914

10, 830
7 075

ll,2n
7 017

11,394
6 842

11.419
6,733

11,447
6,762

11,516
6,687

11,487
6,557

«a11, 381
6, 463

11, 330
0
6 434

201 204 Q194 270 a 194 951
112 955 114 037 a 108 360
86,591
88, 249 « 80,233

271 909
147 926
123, 983

LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total*
dozen pairs
Dre^s and semidress*
dozen pairs
Work*
dozen pairs..
8 hoes:
73
Exports
thous. of pairs
Prices, wholesale:
Men's black calf blucher,
5.50
Boston
dol. per pair
Men's black calf oxford, lace,
4.25
St. Louis
dol. per pair..
Women's colored calf, Goodyear welt,
oxford, average
dol. per pair..
0)
Production, totalf. _
thous of pairs. . 33, 150
8, 149
Men'st
thous. of pairs
Boys' and youths'f
thous. of pairs..
1,468
12, 959
Wornen'sf
thous. of pairs
Missses' and children'sf.thous. of pairs. . 2,929
4,767
Slippers, all typesf
thous. of pairs..
2,878
All other footwearf
thous. of pairs..

.32

tt

17, 764

t
192, 446
121 183
71, 263

209 337
134 592
74, 745

196 371
131 082
65, 289

141 377
86 735
54, 642

141 124
74 649
66, 475

177 442
100 424
77, 018

194 886
114 880
80, 006

187. 746
103 353
84, 393

73

72

77

49

40

55

92

82

79

68

69

101

5 50

5 50

5 50

5 50

5 50

5 50

5 50

6 50

5 50

5 50

5 50

5 50

4.15

4.15

4.21

4.00
30, 750
8, 145
1,511
10,810
3,177
2,948
4,160

4.00
26. 732
7,794
1,566
8,727
2,706
2,516
3,423

4.04
31, 687
7 795
1,701
13 001
2,902
3,231
3,056

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.15

4.00
28, 184
6,969
1,321
10, 564
2,630
4,279
2,421

4.00
28, 709
7,634
1,512
8,804
2,771
5,212
2,775

4.00
23, 852
6 939
1,252
6 147
2,293
4,827
2,394

4.00
23, 200
6,563
1, 194
7,746
2,401
2,892
2,404

4.00
29, 007
7,677
1,381
11, 897
3,078
1,734
3,239

4.00
30, 107
7 567
1,273
12 631
3,136
2,106
3,393

4.00
33, 584
8,136
1,384
13 927
3, 301
2,559
4,279

4.00
33, 828
8,050
1,370
13. 563
3,610
2,618
4,617

4.25

(0

a 36 508
° 8 888
1,6£7
a 15 622
"• 3, 295
« 4, 054
° 2, 992

<• Revised.
i Data discontinued by reporting source in July 1935.
1 Raw stock's in all hands as shown above include all hides from Government animals slaughtered under Federal inspection. Hides from cattle allotted to State relief
agencies and which were not killed under Federal inspection are DO included unless they have already moved into sight It is obvious, therefore, that a quantity of hides
from noninspected slaughter held by State Relief Agencies constitutes an invisible addition to the visible supplies shown above.
J iJat.t on protiu -r,iou of s'leep and lamb and goat and kid leatiiers from 1927-34 have been revised. For revisions not shown on p. 44 of the April 1935 issue see p. 19
of the .Junp 1HS5 issue.
A Government relief slaughter included for the period June 1934-February 1935. See p. 44 of the June 1935 issue for the figures, excluding relief slaughter. For sheep
and la-ribs, -eliof ^huphter only affected the d ua <"or the months of September to December 1934
§ Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue.
# See footnote on p. 37 of this issue. Imports revised for 1933, see p. 20 of the October 1934 issue
* New series: For earlier data refer to the indicated pages of the monthly issues. Leather production, p. 19, June 1933; leather stocks, p. 19, January 1935. New series
on gloves and mittens cover 234 identical manufactures as reported to the U. S. Department of Commerce, Bureau of the Census. Data prior to July 1934 are not available. These data are not comparable with data through January 1934 previously shown
t Revised series. For earlier data refer to the indicated pages of the monthly issues, Production of cattle, sheep, and lamb leather, p. 44, April 1934; imports of total
bides and skins, exports of upper leather, p. 43, June 1933; boot and shoe production for 1934, p. 45, March 1935. Production of asphalt for 1932, p. 56, November 1933.
• Data revised for 1933. See p. 20 of the September 1934 issue.




48

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- Septem- OotnhPr Novem ' Decemuctober
ber
bef
in the 1932 Annual Supplement to the Survey
ber
ber

November 1935
1935

January February

March

April

May

June

July

August

LUMBER AND MANUFACTURES
LUMBER-ALL TYPES
Exports (boards, planks, and scantlings) *•
M ft. b. m
National Lumber Mfgrs. Assn:A f
Production, total*
mill. ft. b. in_.
Hardwoods*
mill. ft. b. m
Softwoods*
mill. ft. b. m .
Shipments, total*
__mill. ft. b. m_.
Hardwoods*
mill. ft. b. m
Softwoods*
..mill. ft. b. ni_.
Stocks, gross end of month total'
mill. ft. b. rn__
Hardwoods*
mill ft. b. m
Softwoods*
mill. ft. b. m__
Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
M ft. b. m__
Stocks, end of month
M ft. b. m._
Retail yards, Tenth Fed. Res. Dist :
Sales
-M ft. b. m..
Stocks, end of month
M ft. b. m__

81, 752

92, 933

104, 126

93, 860

106, 766

91, 728

93, 762

101, 200

89, 276

67, 627

61, 883

59, 893

73, 012

1,201
189
1,012
1,340
215
1, 125

1, 226
193
1, 033
1, 321
237
1,084

1,036
172
864
1. 145
214
931

896
103
733
1, 066
196
870

1,039
217
822
1,207
224
983

1, 072
222
850
1, 196
233
903

1,144
232
912
1,224
227
997

1,268
233
1,035
1,401
242
1,159

1,239
236
1,003
1,490
241
1, 249

1,242
247
995
1, 329
266
1, 063

1, 571
288
1,283
1,524
293
1, 231

1,750
306
1,444
1,663
286
1,377

8, 9
266
2 07
G, 059

8,171
2, 163
6, 008

8, 032
2,121
5,911

7, 872
2, 098
5, 774

7,704
2. 091
5, 613

7,580
2,080
5,500

7, 479
2,085
5, 394

7,346
2, 076
5,270

7, 133
2,071
5,062

7,084
2,090
4,994

7, 131
2,085
5,046

7,218
2,105
5,113

9,787 "9,150
69, 793 « 61, 502

10, 290
57,614

7,777
55, 191

4,019
53, 948

3,403
58, 442

2,738
63, S31

3,340
66, 738

5,776
67, 415

8,180
69, 405

10, 629
67, 104

10, 636
67, 160

11, 567
69,817

2, 882
27, 902

2,278
26, 548

2,801
26, 221

2, 499
25, 929

1,626
25, 399

1,735
25, 584

1,689
25, 895

2,317
26, 082

2,517
26, 619

2,883
26, 788

2,701
26, 991

3, 741
27, 569

3, 257
27, 773

3,165
4,700
3,529
3, 386
19, 582

3,395
4,149
4, 546
3,408
20, 832

2,905
3,819
2,673
3,005
20, 286

2, 669
3,510
3, 339
2,668
21, 001

4,122
4,561
3, 366
3, 302
21,059

4,630
5,831
3, 440
2, 812
21, 508

2,886
5,151
3, 894
2,929
22, 766

3,634
5,195
3,942
4, 148
22, 301

4,307
5,112
3,342
4,410
21,313

4,311
5,388
4,347
4,692
21, 043

5, 706
6,045
4,200
5,114
20, 295

4,278
5,498
4,315
5, 037
18, 214

8, 212
8,242
8, 579
9,003
63, 444

9, 802
7,972
9, 404
10, 095
62, 793

8, 262
6, 425
9,182
9.533
63, 077

6, 24G
5,678
7, 704
6,964
63, 614

9, 939
6, 406
8, 777
8, 676
63, 302

12, 264
8, 504
7,773
9,015
61,442

15,889
10, 237
10, 245
14, 606
57, 061

13, 947
10, 638
11,698
14, 438
53, 959

21,991
14, 422
15, 078
18, 306
50, 392

18, 622
15, 304
18, 108
17, 732
50, 639

15, 466
12, 423
20, 606
18, 374
52, 644

16, 456
11, 004
17, 642
17, 864
52, 408

94
223
105
94

101
229
98
105

109
227
90
113

124
261
86
109

146
269
131
131

173
287
146
161

158
262
150
161

158
264
150
173

161
269
146
173

158
271
146
176

158
979
191
180

1.961
1,737

1,947
1,719

1,927
1,700

1,932
1,671

1,914
1, 645

1,905
1,618

1,860
1,598

1,842
1,578

1,823
1,554

1,793
1,522

1,819
1,539

Flooring
Maple, beech, and birch:
Orders:
New
M
Unfilled end of month __ M
Production
M
Shipments
M
Stocks, end of month
..M
Oak:
Orders:
New
- M
Unfilled, end of month
M
Production
M
Shipments
M
Stocks end of month
M

ft. b. m._
ft. b. m._
ft b. in
ft. b. m._
ft. b. m__
it. b.
ft. b.
ft. b.
ft. b.
ft. b.

m_m..
rn_.
m__
m_.

19. 459
13, 065
10, 467
17, 402
54, 475

Hardwoods
Hardwoods (Southern and Appalachian districts) :
Total:
Orders:
New
mill. ft. b. m
Unfilled, end of month -.mill. ft. b. m _ ,
Production
__mill. ft. b. m._
Shipments
mill. ft. b. m_.
Stocks, total, end of month
mill ft b. in
Unsold stocks
mill. ft. b. m _ _
Gum:
Orders, unfilled, end of month
mill. ft. b. m
Stocks, total, end of month
mill. ft. b. m _
Unsold stocks
mill. ft. b. m _ _
Oak:
Orders, unfilled, end of month
mill. ft. b. m
Stocks, total, end of month
mill. ft. b. m
Unsold stocks
mill, ft b. m
Softwoods
Fir, Douglas:
Exports:!
Lumber •
M ft. b. m .
Timber
- M ft. b. m__
Orders:
New'S
M ft. b. m
Unfilled end of month
M ft b. in
Price, wholesale:
No. 1 common
_dol. per M ft. b. m._
Flooring, 1 x 4, " B " and better
dol. per M ft. b. m _ _
Production4!
M ft b. m
Shipments^
M ft. b. m
Pine, northern:
Orders new
M ft. b. in__
Production
M ft. b. m__
Shioments
M ft. b. m._

37

36

38

49

59

58

54

48

52

55

60

452
415

445
409

441
403

432
383

429
370

421
363

408
352

392
344

392
340

383
328

384
324

93

97

106

95

109

100

108

103

105

102

841
541

639
542

648
542

644
549

644
536

627
526

575
467

558
455

552
447

560
458

38, 954
29, 363

35, 959
19,715

40, 728
26, 156

45, 325
27, 565

39, 622
30, 327

43,911
25, 338

40, 708
18, 592

38, 663
15, 623

14, 607
14, 346

2,517
577

4,862
8,615

127, 132
136, 980

26, 952
36,486

99

638
545

125, 789
140, 114

124, 446
110, 121

128, 923
145, 038

141,904
136, 085

140, 114
153, 096

151, 753
158, 467

180, 850
158, 915

108, 778
120, 417

88, 634
185, 774

128, 923
207, 261

15, 568
20, 834

0)

16.00

16.00

16.00

16.00

16.00

16.00

16.00

16.00

16.00

16.00

16.00

16.00

0)

34.00
140, 561
144, 590

34.00
129, 370
113, 703

34.00
122,656
123,998

34.00
103, 407
113, 703

34. 00
110,569
118,627

34.00
144, 143
149,067

34.00
145, 038
141, 009

34.00
158, 467
170, 554

34.00
69, 385
109, 674

34.00
66, 252
71, 624

34.00
104, 750
108, 778

34.00

4,198
5,189
6,457

6,503
3, 266
7,755

5,044
1,014
5,526

4,718
608
4,237

5, 530
667
5,097

5, 532
1,529
5,303

4, 510
2, 004
6,355

5,818
5,511
5,638

6,912
8,738
7,174

13, 355
10, 169
13, 489

10, 898
22, 178
12, 103

10, 260
22, 774
11,211

9,800
16,398
11,283

° Revised.
i Data temporarily discontinued.
* New series. Fur data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. See special footnote below on lumber
produciion, shipments, and stocks.
Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber, for revisions not shown above on production, shipments, and stocks of
number, hardwoods and softwoods, see p. 19 of the October 1935 issue.
• Data revised for 1933. See p. 20 of the September 1934 issue
A New series on lumber production, shipments, and stocks compiled by National Lumber Manufacturers'Association and repre: mt an estimate of the total lumber
cut based on monthly reports received from regional associations covering Between 80 and 90 percent of the total cut in 1934 and 70 to 80 percent in 1935. The figures for
the
1935 are not final and are subject to revision. No comparable figures are available prior to January 1934. Complete data for 1934 are shown on p. 48 of th< July 1935 issue.
^ Data for November 1934 and January and May 1935 are for 5 weeks; other months, 4 weeks.

J




49

SURVEY OF CURRENT BUSINESS

November 1935

1935
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

1935
March

April

May

June

July

August

LUMBER AND MANUFACTURES—Continued
LUMBER— Continued
Softwoods— C ontinued
Pine, southern:
Exports:
28 913
Lumber §
M ft b m
6,302
Timber§
. M ft. b. m
Orders:
120, 979
New
_ M ft. b. m
Unfilled, end of month
M ft. b. m._ 61, 029
36. 80
Price,
flooring
dol. per M ft. b. m__
125, 132
Production
M ft. b. in
Shipments
M ft b m
120,818
Redwood, California^
Orders:
New
_..M ft. b. m
25,411
Unfilled
M ft. b m
24 819
33, 754
Production
_M ft. b. n>
Shipments
__
M ft. b. m__ 25, 628
FURNITURE
Household:
All districts:
Plant operations*
percent of normal..
Grand Rapids district:
Orders:
Canceled
percent of new ordersNew
_ _ no. of days' production.
Unfilled, end of month
no. of days' production..
Outstanding accounts, end of month
no. of days' sales..
Plant operations!
percent of normal..
Shipments
no. of days' production..
Southeastern district:
Orders, unfilled, end of month
dol., average per firm.
Shipments
dol , average per firm
Prices, wholesale:
Beds
1926=100
Dining-room chairs, set of 6.-. 1926 =100..
Kitchen cabinets
1926=100..
Living-room davenports
1926 = 100. _
Steel furniture. (See Iron and Steel Section.)

22 129
10 082

22 884
9 474

23 386
6 471

24 851
7,450

23 576
9 234

21 576
8 652

21 311
4 937

19 715
8 243

21 169
6 367

26, 739
8,330

23 233
8,324

25 653
8,022

99, 840
58, 987
34.97
97, 928
103 908

113, 800
62, 827
34. 99
102, 324
114 402

101 585
59, 678
35.03
96 490
108 715

72, 842
49, 164
35. 00
79 258
74 603

106 173
48, 530
34.49
99 548
102 401

102 395
55, 707
34.51
101 578
100 752

110 449
55, 898
34.55
103 471
110 283

117 256
62, 968
34.94
106,911
112 480

166. 280
70, 774
35. 38
106, 838
143 349

116, 592
53, 683
37.43
109, 805
129 264

127, 556
62, 093
37.65
130,515
137, 051

139, 608
73, 227
36. 74
137, 442
144 476

811
873
215
204

20 424
16 868
26 345
19, 755

15 932
14 604
21 242
17,934

380
767
915
311

26 578
27 717
22 697
28, 328

35 521
33 414
25 342
29, 269

38, 045
41 035
26 326
30, 353

23, 704
40 142
25, 675
24, 548

24, 623
33 721
27, 939
30, 925

24, 054
25 022
34, 262
31,259

21, 168
21 930
25, 449
23, 991

22
16
28
25

27
24
19
16

009
621
868
549

24
29
22
18

61.0

42.0

41. 0

42.0

39.0

39.0

43.0

47.0

41.0

41.0

48.0

49.0

53.0

4.0
15

50
9

6 5
10

6 0
10

13 5
5

30
16

4 5
9

6 0
9

8 0
7

7 0
10

7 5
6

3.5
18

5 Q
« 13

19

9

8

9

5

13

13

11

8

10

9

18

18

21
55.0
12

17
25.0
8

18
25.0
10

16
34.0
8

15
32.0

16
31.0
7

17
34.0
8

17
39.0
9

17
36.0
8

14
34.0
7

14
40.0
8

16
44.0
13

19
"48.0
«11

32, 674
60 211

24, 284
64 616

19 071
46 721

22, 070
31 311

71 5
90.1
87.5
79.4

71 5
90.1
87.5
79.4

70 9
90 1
87 5
76.6

68 4
90.1
84 1
76.6

68 4
90.1
87 5
76.6

68 5
89.9
81 9
76.6

68 5
89.9
86 0
76.6

68.5
89.9
86.0
76.6

68 5
89.9
86.0
76.6

68.5
89.9
86.0
76.6

66 9
89.9
86.0
76.6

65 7
89.9
86.0
76.6

66.3
89.9
86.0
76.6

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports§
_ .
long tons- 244, 419 301,330
53, 158
23 847
Imports*?^
long tons
Price, iron and steel, composite*
32. 82
del. per long ton..
32.15
Ore
Iron ore:
Consumption by furnaces
2,654
thous. of long tons..
1,238
165
Imports??
thous. of long tons._
77
Receipts:
Lake Erie ports and furnaces
3, 250
thous. of long tons..
2,343
1,349
Other ports
thous of long tons
1,025
Shipments from upper Lake ports
4,818
thous. of long tons3, 439
Stocks, total, end of month
thous. of long tons.. 33, 469 « 34, 881
28, 512 « 29. 680
At furnaces _ ._ _ thous. of long tons
4,957
Lake Erie docks
thous. of long tons..
5,201
Manganese ore, imports (manganese content) •
16
thous. of long tons..
5

220, 209
20 202

299, 263
35 272

282, 655
19 708

262, 740
22 784

228 537
28 905

323 035
21 409

205, 336
28, 786

286, 599
47 719

289, 647
33 208

296, 802
31 894

247, 312
31 312

32.10

32.15

32.39

32.58

32.54

32.36

32.29

32.35

32.42

32.44

32.68

1,306
99

1,298
79

1,506
73

2, 280
86

2,467
95

2,583
95

2,360
113

2,467
108

2,199
158

2,198
154

2, 616
109

1,761
960

421
257

0
0

0

0

0

119
180

2,208
1 020

3,002
1 084

3, 295
1 240

3,482
1 261

o

o

o

2,641

484

0

0

0

0

400

3,504

4,242

4,461

4,781

36, 341
31, 056
5,285

35, 874
30, 625
5,249

34, 373
29, 218
5,155

32, 027
27 004
5, 023

29, 558
24 690
4,868

26, 932
22 362
4,569

24, 817
20, 644
4,173

25, 325
21. 203
4,122

27, 002
22, 841
4,161

29, 509
25 227
4,282

31,491
26 936
4,555

13

11

7

13

14

13

10

11

16

14

35, 602
35, 245
42 5
27 772

Iron, Crude and Semimanufactured
Castings, malleable:*
Orders, new
short tons_.
Production
short tons..
Percent of capacity _. ...
Shipments
short tons
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day
Number
Prices, wholesale:
Basic (valley furnace) -dol. per long ton..
Composite pig iron
dol. per long ton..
Foundry, no. 2, northern (Pitts.)
dol. per long ton..
Production
thous. of long tons..

35, 658
36, 99S
44.7
33, 442

19,511
21, 541
25 6
20, 360

18, 785
25, 317
30.3
21 683

28, 530
28, 515
33.5
21,615

36, 505
32, 746
38.7
29 593

44, 568
43, 400
50 8
41 182

41,225
41,377
49 9
37 650

40, 237
42, 808
52 0
42 975

37, 394
42, 035
51.1
46, 090

31, 136
34, 729
41. 1
37, 573

25, 668
27, 548
33 5
31 905

25, 526
28,915
34.3
31 111

59, 250
104

28, 215
62

31,310
65

29, 395
59

37, 615
69

54, 605
90

56, 695
96

57 295
98

53, 555
97

54, 465
97

49, 180
91

50, 635
95

18.00
18.96

18.00
18.94

18.00
18.94

18.00
18. 94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.94

18.00
18.96

18.00
18.96

18.00
18.96

20.39
1,776

20.39
898

20.39
951

20.39
957

20.39
1,028

20.39
1.477

20.39
1.609

20.39
1.770

20.39
1.663

20.39
1.727

20.39
1.553

20. 39
1.520

20.39
1.761

a

56 a815
99

• Revised.
* New series. Data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for malleable castings, p. 20 of the April 1933 issue. New series on iron and steel composite price was shewn OH p. 19 of the January 1935 issue.
§ Data revised for 1932. For revisions, see p. 45, exports of southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised for 1933;
see p. 20 of the September 1934 issue
t Revised. Data prior to April 1933 not published.
t Beginning with January 1934 the report includes all known operators; prior to this time approximately 89 percent of the listed capacity was included.
• Imports from Cuba not included.
# See footnote on p. 37 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.




50

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary
ber
ber

November 1935
1935

March

April

May

June

July

August

METALS AND MANUFACTURES — Continued
IEON AND STEEL-Continued
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range :t
Orders:
New
number of boilers..
Unfilled, end of month, total
number of boilers..
Delivery, 30 days or less
number of boilers..
Delivery, more than 30 days
number of boilers..
Production
_
number of boilers..
Shipments
number of boilers..
Stocks, end of month-number of boilers..
Boilers, round:
Production
thous. of lb_.
Shipments
thous. of lb_.
Stocks, end of month
thous. of lb._
Boilers, square:
Production...
thous. of lb._
Shipments
thous. of lb._
Stocks, end of month
thous. of lb__
Boiler fittings, cast iron:
Production
..short tons..
Shipments
short tons..
Boiler fittings, malleable:
Production
short tons..
Shipments
short tons..
Radiators:
Production
thous. of sq. ft. heating surface. .
Shipments
thous. of sq. ft. heating surface..
Stocks, end of month
thous. of sq. ft. heating surface. .
Radiators, convection type:*
New orders:
Heating elements only, without cabinets or grilles
thou. of sq. ft. heating surface J-.
Heating elements, including cabinets
and grilles
thou. of sq. ft. heating surface t-_

64,845

51, 734

64,211

57, 566

44, 906

68, 106

53, 897

46, 320

55, 093

80, 689

106, 605

69,459

51, 548

22, 306

12, 724

10, 195

9,740

16, 329

19, 357

15, 892

12, 723

12, 052

32, 319

55, 291

35, 842

23, 512

21,662

11,878

9,492

9.355

16, 329

19, 357

15, 892

12, 723

12, 052

32,319

54, 691

35, 142

22, 868

644
61,808
66, 051
37, 753

846
45, 375
49, 003
32, 225

703
63, 434
66, 740
28, 919

385
59, 673
59, 439
29, 153

0
40, 337
37,471
35, 446

0
63, 879
64, 904
30, 443

0
57, 294
57, 362
30, 375

0
51,891
49, 489
32, 777

0
51,052
55, 764
28, 065

0
61,815
60,422
29, 458

600
88, 486
85, 413
32, 201

700
92, 883
88, 908
36, 176

644
69, 922
63, 878
42, 220

4,121
6, 879
38,361

3, 886
6,258
42, 035

5,762
10, 652
37, 136

4,391
5,330
36, 218

2,946
3,626
32, 366

3,233
2. 666
32, 826

3,850
2,494
34, 221

4,348
2,102
36, 500

4,311
2,115
38, 090

4,604
2,493
40, 149

4,487
2,710
41,917

2,898
3,647
41, 138

4,312
4,368
41, 139

20,906
31,761
126,889

15,030
25, 208
111,740

18,833
34, 185
96,329

19, 783
19, 353
96, 933

13, 099
13, 436
96, 554

16,457
10, 604
101,340

15,917
9, 275
108. 1 15

16, 858
6,964
117,911

16, 409
7,730
126, 053

19, 062
9,241
136, 149

16, 436
10, 700
141, 520

12, 711
16, 332
137, 923

21, 462
21, 689
137, 815

5,860
6,330

4,225
4,655

6, 045
5,943

5,995
5,027

4,298
3,060

4,690
4,750

4,190
3,865

3,661
3,420

3,790
3,955

3,870
4,271

3,610
4,321

4,201
4,696

5,542
6,210

3,627
3,392

2,383
2,354

2,838
2, 890

2,984
3,090

2,992
1, 914

3,153
3,205

3,181
2,704

3,114
2,582

2,729
3,274

3,228
3,014

3, 107
2, 873

3,073
3,036

3,620
3,481

5,937

4,011

4,680

5, 208

3,632

4,679

4,343

4,648

4,602

5,304

4,742

3,422

6,096

7,701

6,262

9,282

6,456

4,482

3,117

2,787

2,023

2,366

2,835

3,462

4,675

6,470

33,853

30, 885

26, 517

25, 473

24, 786

26, 178

27, 845

30, 568

32, 891

35, 388

36, 753

36, 610

35,384

59

44

94

124

115

81

43

48

46

49

56

82

74

187

158

196

131

182

93

66

87

106

153

148

167

243

349, 072
328, 010
376, 512

143, 483
133, 574
371, 499

202, 354
195, 289
370, 036

267, 293
271,912
358, 472

75, 310
64, 305
363, 755

121, 190
111,005
369, 605

78, 640
75, 147
374, 749

120, 821
119,171
367, 593

208, 732
174, 640
370, 588

245, 519
228, 210
370, ISO

383, 449
321, 312
386, 716

269, 863
243, 262
402, 707

Sanitary Ware
Bathroom accessories: f
Production
number of pieces.. 341,770
Shipments
number of pieces.. 312,007
Stocks, eod of month. ..number of pieces. . 400,018
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
.dollars-- 207. 67
Porcelain enameled flatware:
Orders, new, total
dollars-- 822, 997
Signs
dollars .. 213, 599
Table tops
dollars. . 245, 107
Shipments, total
dollars-- 830, 241
Signs
dollars.. 243, 535
Tabletops
dollars- 222, 447
Porcelain plumbing fixtures:
Orders:
New, net
number of pieces .. 2,864
Unfilled, end of month
3,339
number of pieces -_
Shipments
number of pieces.. 3,026
Stocks, end of month
number of pieces.. 6,635
Vitreous-china plumbing fixtures: t
Orders:
New, net
-number of pieces. _ 179, 928
Unfilled, end of month
number of pieces. . 175, 140
Shipments
number of pieces 241, 678
Stocks, end of month.. .number of pieces.. 359, 308

211. 26

207. 03

206. 89

206. 50

206. 07

202. 61

200.86

199. 68

199. 50

198. 32

201. 83

207. 62

636,811
193, 716
220, 279
652, 158
232, 206
195, 541

713, 141
248, 598
178,245
764, 436
269, 665
205, 059

563, 137
180, 523
133, 900
583, 567
199, 652
131,993

525, 540
193, 535
111, 188
530, 050
204, 527
106, 772

689, 715
318,343
149,384
594, 427
219.672
152, 409

692, 358
235, 427
153, 431
637, 165
190, 316
142, 380

829, 084
223, 860
181, 437
864, 145
278, 110
167, 296

900, 388
255, 477
212, 598
900, 828
265, 137
213, 646

888, 888
279, 016
208, 213
865, 904
283, 524
189, 044

760, 743
274, 078
164, 808
773, 531
264, 896
174, 671

753, 635
300, 160
146, 128
770, 024
307, 018
153, 937

890, 631
312, 172
193, 944
801, 207
292, 709
169, 204

2,017

2,427

2,582

1,269

1,620

1,013

2,641

2,904

2,322

2,101

2,391

3,193

3,854
2,198
8,847

3,298
2,771
7,873

3,667
2,110
7,610

3,020
1,300
9,703

2,978
1,509
9,660

2,720
1,236
9,960

3,535
1,790
9,917

4,553
1,722
10, 710

4,506
2,309
10, 688

4,122
2,417
10, 600

3,702
2,771
9,405

3,645
2,915
8,579

139, 012

258, 657

183, 982

234, 350

183, 281

301, 925

243, 296

164, 042

127, 764

161, 199

319,589

250, 648

113,991
132, 041
615, 467

165, 687
206, 961
519, 867

183, 152
166,517
482, 685

283, 202
134, 300
489, 729

262, 363
204, 120
426, 570

369, 128
195, 160
380, 756

374, 217
238, 207
316, 705

308,912
229, 347
297, 971

217, 842
218, 834
333, 240

191, 060
187, 981
381, 675

293, 904
216, 745
403,381

236, 890
295, 880
363,914

Steel, Crude and Semimanufactured
Bars, steel, cold finished, shipments
29, 863
24, 049 31,783 31, 903 34, 080 31,972 29, 640 25, 600 25, 295
18, 500
17, 923
short tons.. 34, 439 14, 304
Castings, steel: *A
45, 426
29,995 20, 030 24, 327 21, 552 27, 312 32, 349 31, 725 30, 723 28,233 29, 083 30, 257 34, 570
Orders new total
short tons
25.4
29.0
38.1
24.4
23.7
27.1
25.8
17.4
252
26.6
15.5
13.8
12.8
Percent of capacity
9,574
6,480
17,111
4,322
4,779
7,959
6,835
5,490
8,128
5,538
4,283
4,417
Railway specialties
short tons.. 5,616
34, 972
35,911 31,816 29, 142 25, 799 23, 916 29, 035 29, 687 31, 940 31, 952 30,646 27, 665 31, 125
Production total
short tons
23.2
29.3
26.8
25.7
26.1
26.8
24.3
15.3
24.9
29.7
16.5
18.6
20.0
Percent of capacity
8,598
5,857
' 5, 443
6,731
4,867
6,052
7,585
6,181
5,142
9,309
7,218
Railway specialties
short tons.. 10, 568 11, 152
Ingots, steel :§
2,270
2,919
2,231
2,641
2,636
2,872
2,868
1,964
2,778
1,482
1,269
1,611
2,830
Production
thous. of long tons__
49
39
40
46
44
50
52
48
36
51
23
25
28
Percent of caoacitv
* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior to
January 1932 not published. Steel castings, see p. 20 of the October 1934 issue.
J In equivalent direct radiation.
t Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue. Data on vitreous china
plumbing fixtures revised starting January 1933, see p. 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue.
<
A Steel casting series revised January 1935 by the increase of the number of companies from 164 to 180; comparable data not completed for 1934 and earlier years. Figures
for 164 companies in January 1935 were new orders, total 31,816, percent of capacity 20.3; new orders, railway specialties, 6,835; production, total, 28,519, percent of capacity
18.2, production, railway specialties 6,052.
§ For 1932 revision see p. 46 of the July 1933 issue, for 1933, p. 47 of the August 1934 issue, for 1934, p. 50 of the August 1935 issue.




November 1935

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary
ber
ber

51
1935

March

April

May

June

July

August

METALS AND MANUFACTURES—Continued
IRON AND STEEL-Continued
Steel, Crude and SemimanufacturedContinued
Prices, wholesale:
Composite, finished steel
dol. per lb.. 0. 0243
Steel billets,Bessemer, Pittsburgh
dol. per long ton_.
27.00
Structural-steel beams, Pittsburgh
dol. perlb..
.0180
Steel scrap, Chicago.__dol. per gross ton._
12.50
U. S. Steel Corporation:
Earnings, net
__.thous. of dol._ 13,470
Shipments, finished products*..long tons.. 014, 933

0. 0244

0. 0244

0. 0244

0. 0244

0. 0244

0. 0244

0. 0244

0.0244

0. 0244

0. 0244

0. 0244

0. 0243

27.00

27.00

27.00

27.00

27.00

27.00

27.00

27.00

27.00

27.00

27.00

27.00

.0180
8.50

.0180
8.75

.0180
9.25

.0180
10.31

.0180
11.80

.0180
11.25

.0180
10.50

.0180
9.85

.0180
10.06

.0180
9.97

.0180
10.35

.0180
12.38

12,428
668, 056 591, 728 598, 915 578, 108

14 118
547, 794

624, 497

97fi, 634
460, 737
34.0
457, 370
30, 746

932, 843
509, 121
37.4
505, 942
33, 925

930, 831
529, 414
38 8
528, 338
35, 001

3,769
370, 306 343, 962 366, 119

3,762
418, 630 534, 055 583, 137

Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month...number.. 853, 986 596, 694
Production
number.. 532, 433 363, 885
25.5
Percent of capacity
38.9
Shipments..
number.. 530, 433 368, 771
Stocks, end of month
number.. 37, 001 24, 575
Boilers, steel, new orders:
539
Area
._
thous. of sq. ft..
575
Quantity
number of boilers..
626
829
Furniture, steel:
Business group:
Orders:
813
New
_thous. of dol..
1,393
Unfilled, end of month..thous. of dol..
668
980
1, 361
879
Shipments
...thous. of dol..
Shelving: *
Orders:
209
New
thous. of dol..
336
Unfilled, end of month_.thous. of dol__
210
120
342
261
Shipments
thous. of dol__
Safes:
Orders:
172
118
New
thous. of dol..
281
177
Unfilled, end of month..thous. of dol_.
159
Shipments..
thous. of dol_.
130
Lock washers, shipments
thous. of dol_.
235
87
Plate, fabricated steel, new orders, total
short tons.. 31, 105
15, 108
3,531
Oil storage tanks
short tons..
3, 445
Sheets, black, blue, galvanized, and full finished:
Orders:
New
short tons. . 196, 423 77, 063
Unfilled, end of month
short tons.. 198, 424 67, 062
76, 051
Production, total
short tons. _ 190, 701
63.0
23.4
Percent of capacity
73, 260
Shipments
short tons. _ 176,897
Stocks, end of month, total
short tons.. 142,922 99, 888
64, 398
Unsold stocks..
._ .short tons. _ 75, 581
Tin and terneplate:*
85
Production
thous. of long tons. _
2,962
Track work, production.
__ .short tons..
3,383

460, 880 330, 593 452, 930 1,171,996 1,158,398 1,081,327 944, 168 971,344
524, 232 421, 003 373, 850 390, 459 355, 220 462, 771 538, 255 471, 592
36.7
39.6
26.2
29.6
26.4
34.1
30.0
34.7
516, 684 419, 500 374, 924 391, 232 353,418 464, 978 534, 479 474, 139
32, 123
29, 926 27, 379
33, 626
27, 328
26, 555
28, 357
26, 150
416
696

287
447

260
331

392
329

282
296

656
418

313
443

641
961

391
523

519
536

* 544
«735

993
664
998

1,026
651
1,039

1,063
619
1,090

1,184
663
1,139

1,108
707
1,064

1,222
709
1,221

1,114
701
1,123

1,237
746
1,214

1, 236
845
1,137

1,331
943
1,225

1,333
918
1,327

258
154
224

258
196
217

219
164
208

273
192
245

267
208
251

307
175
340

271
155
291

257
130
269

313
152
291

272
167
257

309
216
260

147
181
142
130

161
216
126
129

190
230
172
171

160
245
145
277

142
211
176
241

163
228
147
255

168
238
158
47

207
257
185
238

170
277
150
204

145
287
134
203

145
268
164
147

16, 581
927

16, 629
3,252

26, 025
5,185

18, 778
1,389

15, 064
2,531

16, 832
2,377

13,244
2,152

17, 630
3,690

17,914
1,872

18, 890
4,193

« 23, 628
3, 505

102, 920
77, 423
104, 898
32.3
95, 107
102, 264
63, 667

133, 344
100, 745
143, 057
44.0
108, S80
107, 550
65, 400

193, 130
158, 456
159, 740
49.2
141, 566
104, 720
64,393

321, 831
279, 012
235, 714
74.0
205, 915
105, 182
60, 177

183, 322
248, 931
219,062
71.5
201, 054
108, 788
62, 024

193, 057
214, 685
227, 082
74.1
233, 446
108, 260
59, 757

168, 093
177, 950
209,219
68.2
202, 365
116,316
68, 153

149, 725
144, 392
191, 507
63.8
186, 971
124, 442
71, 345

128,957
112,944
143.309
47.7
160,812
126, 531
74, 099

206, 313
170,299
145, 505
48.1
152, 146
125, 378
72, 632

207, 140
204, 108
206, 613
68.3
180, 893
138, 432
75, 391

93
2,153

83
2,065

90
2,272

130
2,333

150
2,892

190
3,440

200
4,472

190
4,228

140
4,210

4, 054

4.028

MACHINERY AND APPARATUS
Air-conditioning equipment:!
],358
Orders, new, total
thous. of dol._
1,190
1,501
1,592
989
1,111
1,361
1,328
1,106
1,405
1,520
1, 493
1,416
Air-washer group _ _
_ thous. of dol. _
60
147
89
152
229
127
93
209
164
215
252
173
154
584
Fan group
thous. of doL _
467
590
575
577
459
485
674
433
704
810
886
690
Unit-heater group
thous. of doL.
713
822
576
865
742
369
457
527
347
449
495
435
571
Electric overhead cranes:
Orders:
New
thous. of dol. _
245
59
139
136
264
129
79
393
200
6«2
626
154
440
1, 475
Unfilled, end of month
thous. of doL.
659
651
670
592
813
905
684
808
1,318
1,782
1,604
1,801
471
Shipii.euts
thous. of dol__
89
143
158
207
140
80
297
198
221
217
332
233
Electrical equipment. (See Nonferrous
metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
New
1922-24=100. _ 128. 5
46.4
80.4
55.3
113.2
66.9
86.6
69.3
75.7
100.2
100.7
94.0
113.0
Unfilled, end of month
1922-24=100. _ 144.5
46 6
49.1
69.7
54.4
86.1
69.2
43.2
57.7
117.7
135. 6
126. 5
142.3
Shipments
1922-24=100. . 124.7
37.0
51.5
59.6
76.2
69.7
81.1
85.1
82.6
67.0
82.2
97.2
102.3
Fuel equipment:
Oil burners:*!
Orders:
New
no. of burners. _ 33, 385
16, 714
19, 274
9,355
8,781
5,338
4,667
4,680
5,761
10, 662
10, 125
12, 713
16, 955
Unfilled, end ofmonth.no. of burners. _
4,347
2,475
1,776
1,386
735
702
871
801
857
1,380
1,535
2, 906
2,273
Shipments
no. of burners. _ 31,311
18, 133
19, 973
9,745
5,952
4,531
4,694
5,817
8,880
9,984
10, 554
11,342
17, 588
Stocks, end of month
no. of burners.. 11,631
14, 600
11, 461
11, 348
12, 469
12, 986
14, 622
13, 490
14, 170
14, 025
14, 186
17, 259
18, G77
Pulverized fuel equipment:
Orders, new, storage system:
0
Furnaces and kilns.no. of pulverizers. .
0
0
0
3
0
0
1
0
0
0
0
0
0
Water-tube boilers.no. of pulverizers._
0
0
0
0
0
0
0
0
0
0
0
0
Orders, new, unit system:
1
File-tube boilers
no. of pulverizers..
3
0
2
0
0
2
0
0
0
1
0
0
2
6
Furnaies and kilns.no. of pulverizers. _
0
5
2
1
6
6
4
8
7
8
2
7
Water-tube boilers.no. of pulverizers. _
3
7
3
5
12
8
18
2
11
4
10
17
a
Revised.
* New series. For earlier data see p. 18 of the January 1934 issue, United States Steel Corporation shipments, and p. 20 of the December 1932 issue for tin and terneplate
Current oil-burner series available only back to January 1933 are based on reports from 160 concerns.
t Revised series. Data on air-conditioning machinery, oil burners revised starting January 1933 see footnote on p. 48, April 1935. The revisions for 1933 will be
shown in a subsequent issue.
A Revised data on steel furniture shelving for years 1932,1933, and 1934 will be shown in a subsequent issue.




52

SUEVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January
in the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

November 1935
1935

February

March

April

May

June

July

August

METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS— Con.
Fuel equipment— Continued.
Stokers, mechanical, new orders: 1
Class 1 residential
number. _ 8,687
Class 2, apartment and small commercial
number
615
Class 3, general commercial and small
commercial heaters
number. _
272
Class 4, large commercial:
Number
.
345
Horsepower
55 260
Machine tools: A
Orders:
New*
avg. mo. shipments 1926= 100. _
80.0
Pumps:
Domestic, water, shipments: ^
30, 014
Pitcher, hand, and windmill
units. .
782
Power, horizontal type
units..
Measuring and dispensing, shipments:
Gasoline:
Hand operated
_. _ units
§662
Power.
units. . 5,121
Oil, grease, and other:
7, 631
Hand operated
units..
Power
units..
956
Steam, power, and centrifugal:
Orders:
New
thous. of dol..
"""499"
Water -softening apparatus, shipments^
units
8 560
Water systems, shipments $ 1
...units-Woodworklng machinery:
11
Orders:
Canceled
thous. of dol
281
422
New
thous. of doL.
Unfilled, end of month
thous. of dol..
170
Shipments:
302
Quantity
machines
Value
thous. of dol..

4,636

5,077

2,761

2,125

1,241

1,113

956

429

458

265

210

147

107

84

83

188

177

142

90

61

48

37

287
41, 987

292
46, 623

205
39, 767

167
28, 199

139
24, 339

105
21, 164

36.2

43.9

52.4

66.1

65.5

26, 022
696

25, 127
732

21, 702
545

31,151
541

538
1,867

611
2,240

563
2,306

4,860
614

5,942
766

637
383
5,270

1 706

2 432

«2, 872

<»4 931

107

158

190

348

33

41

55

96

164

«105
23, 848

120
32, 241

131
32, 548

181
34 821

199
43, 594

269
47, 355

53.0

62,3

65.6

73.3

91.1

119.8

125.8

36, 482
615

36, 433
690

30, 601
788

35, 432
726

36, 964
879

29, 859
908

33, 734
1,004

* 33, 863
"939

419
1,794

366
2,501

445
3,002

671
3,651

644
4,874

728
5,120

672
4,451

639
5, 757

776
7,551

5,591
422

4,490
339

6,069
485

5,133
442

4, 503
607

6,753
901

8,257
719

7,433
651

7,048
668

8,005
1,030

663

615

630

698

777

897

798

676

538

747

440
5,574

321
5,570

350
4,632

420
6,363

395
6,679

509
7,531

552
10, 799

592
11,685

535
10, 989

493
10, 827

577
Ml, 060

1
172
241

4
222
228

4
243
249

4
244
247

1
312
313

10
302
340

4
434
441

13
311
426

12
286
451

5
284
463

5
400
515

1
304
456

199
242

152
227

114
214

114
236

131
241

167
267

151
304

168
318

157
249

185
268

177
322

240
384

1,046

741
0

NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
18, 272
19, 047
19,211
17, 663
18, 010
16, 670
12, 587
7,191
10, 716
Imports, bauxite#
long tons
17 960
14, 463
16 749
14, 130
.1164
.1138
.1238
.1251
.1227
.1146
.1225
.1213
Price, scrap, cast (N. Y.)
dol. per lb-_
.1219
.0888
.0923
.1049
.1097
Babbitt metal:
2,199
2,108
2, 245
2,401
2,296
2,167
2,298
1,653
1,726
2,164
2,139
2,281
Production
.thous. of lb._
1,808
422
549
601
520
439
384
408
461
380
444
398
541
535
For own use thous. of Ib
1,650
1,686
1,565
1,913
1,806
1,993
1,678
1,776
Sales
thous of Ib
1,273
1,327
1,622
1 364
1,746
Copper:
27, 079
30, 900
16, 805
27, 252
22, 739
27, 446
Exports, refined§ *
short tons
24, 476
24, 869
26, 393
20, 050
28, 675
23, 648
29, 784
10, 568
26, 197
16, 492
16, 734
16, 837
15, 110
22,913
20, 884
12, 236
Imports, total §#
short tons.. 22, 239
18, 486
15, 152
22, 817
9,562
24, 967
15, 754
15,626
16, 070
13, 834
Ore and blister ...
short tons
21, 087
13, 922
22, 129
19, 546
10, 895
19, 131
17,286
.0798
.0778
.0863
.0878
.0878
.0878
.0850
.0878
.0878
.0878
Price, electrolytic (N. Y.)
dol. per Ib..
.0878
.0878
.0878
Lead:
Ore:
29, 890
25, 863
22, 952
24, 302
27, 283
27, 644
Receipts in U. S. ore
short tons
26, 713
23, 211
25, 563
25, 510
25, 892
28, 599
25, 218
6,292
3,437
889
3,452
1,157
2,628
1,981
4,229
Shipments, Joplin district.. .short tons..
4,536
3,901
1,792
1,183
4,767
Refined:
1,143
2,181
1,430
771
1,464
3,002
477
1,440
443
Imports#
short tons
2 055
2 726
851
797
Price, pig, desilverized (N. Y.)
.0412
.0425
.0402
. 0396
.0441
.0353
.0369
dol. per lb._
.0369
.0358
.0369
.0360
.0357
.0365
30, 807
30, 488
33, 202
29, 332
29, 857
Production
__
short tons
29, 358
26, 350
25, 103
27, 070
29, 755
32, 500
30, 118
31 243
34, 575
38, 195
32, 341
26,978
40, 922
Shipments, reported
short tons.. 37, 232
31,762
33, 695
32, 523
28, 973
36, 018
35, 943
34, 680
227, 583
224, 732 230 219 229 859 232 934 235, 457 229, 675 224, 638 228, 580 220, 043 225, 057 231, 077 230, 915
Stocks, end of month. _
short tons
Tin:
Consumption in manufacture of tin and
2,850
2,610
3,100
2,280
2,100
2,450
3,100
3,260
terneplate*
__ ..long tons
1,290
1,400
1,790
1,320
1,440
5,320
5,290
4,615
3,950
5,825
4,600
3,905
5,495
Deliveries
long tons
5,360
3 850
2 925
4,845
4,530
4,615
4,179
5,320
5,234
5,224
4,023
8,612
5,196
Imports, bars, blocks, etcJ
long tons..
6,773
1,478
3,231
3,859
3, 148
.5044
.5229
.5107
Price, straits (N. Y.)
dol. per lb..
.5087
.4996
.5010
.5110
.4691
.4907
.5149
.5122
.5087
.5093
Stocks, end of month:
13, 246
13, 162
14, 275
16, 614
16, 718
14, 694
19, 652
World, visible supply
long tons
11,939
19,416
15,094
13, 698
15, 386
16, 475
2,681
3,227
5,467
4,295
2,581
3,571
4,930
United States
long tons..
4,531
2,849
2,638
4,243
4,048
4,998
Zinc:
Ore, Joplin district:
38, 584
28, 296
28, 751
15, 204
23, 013
32, 264
Shipments
short tons
26, 257
36, 436
23, 063
36, 827
36, 026
31, 782
21, 203
25, 865
23, 529
26, 552
23, 725
15 263
17, 649
25, 938
Stocks end of month
short tons
25 409
21 983
21 290
20 574
17, 600
17 337
Price, slab, prime, western (St. Louis)
.0454
.0422
.0433
.0403
.0430
.0371
dol. per lb._
.0373
.0389
.0405
.0371
.0467
.0373
.0383
35, 922
35, 055
35, 334
34, 597
34, 677
35,218
33, 494
Production, total (primary) §. .short tons__ 36, 088
35, 981
36, 667
26, 515
34, 977
34, 527
32, 942
33, 884
33, 836
33, 719
32, 389
32, 658
33, 210
Retorts in operation, end of mo ._ number _.. 34, 870
31,352
32, 944
35, 196
32, 793
31, 964
39, 200
32, 241
29, 393
38, 460
35, 652
Shipments, total §
short tons__ 42, 217
34. 903
41, 137
35, 538
21,913
29, 928
32, 003
30, 294
39, 200
32, 241
29, 393
38, 457
41,137
35, 629
35, 538
34, 870
Domestic§ _ _ .
.short tons
42, 217
21,913
32, 003
30, 294
29, 875
112, 445
Stocks, refinery, tnd of month §.short tons
106,316 106, 570 110,803 115,852 119, 830 117, 685 116, 276 111,806 108, 680 107, 625 112,909 115, 723
Conduit, nonmetallic, shipments
2 605
2 252
1 841
1 142
1 895
1 583
2 139
thous of ft
1 609
1 810
1 692
Delinquent accounts, electrical trade. (See
Domestic trade.)
« Revised.
* Series covering shipments and unfilled orders temporarily discontinued.
* New series; for earlier data, see p. 20 of the December 1932 issue, tin and terneplate; p. 20 of the July 1934 issue for machine tools (incl. forging equipment),
t Present series on water systems now cover 52 companies.
• Data on exports revised for 1933; see p 20 of the September 1934 issue.
§ Data for 1932 revised, for revisions see p. 48 of the June 1933 issue, exports of refined and total imports of copper. For 1933 revisions on zinc, see p. 49 of the January
1934 issue; for 1934 revisions see p. 49 of the February 1935 issue.
# See footnote on p. 37 of this issue. Data for 1933 revised; see p 20 of the October 1934 issue.
5 Revised series on domestic pumps and water systems starting January 1934; see p. 49 of the April 1935 issue; mechanical stokers, see p. 48 of the April 1935 issue.
New series on water-softening apparatus revised starting January 1933; revisions for 1933 will be shown in a subsequent issue.




53

SURVEY OF CURRENT BUSINESS

November 1935

1935
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decemin the 1932 Annual Supplement to the Survey
be~
ber
ber
ber

1935
January February

March

April

May

June

July

August

METALS AND MANUFACTURES — Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Electrical Equipment
Furnaces, electric, new orders
kilowatts..
1,609
Electrical goods, new orders! (quarterly)
thous of dol
141,692
Laminated phenolic products, shipments
dollars.. _ 832, 902
Mica, manufactured:
Orders, unfilled, end of month
thous. of doL_
119
172
Shipments thous. of dol
Motors (direct current):
Billings (shipments)
dollars
Orders, new
dollars..
Pauel boards and cabinets, shipments
thous. of do!..
Porcelain, electrical, shipments:
Special
_.
dollars _ 79, 377
Standard
dollars.. 34,737
332
Power cables, shipments
thous of ft
Power switching equipment, new orders:
Indoor
dollars
Outdoor
dollars
Reflectors, industrial, sales. .
units.. 71, 093
Refrigerators, household, sales*
number
Vacuum cleaners, shipments:
Floor cleaners
number
78, 343
Hand-type cleaners*
number.. 27, 478
Vulcanized fiber:
Consumption
thous. of lb_.
1,423
Shipments _ _
thous. of dol
420
Welding sets, new orders:*
Multiple operator
units .
Single operator
units. _

1,163

1, 519

3,284

984

2,844

2,212

2,218

1,586

121,814

118, 397

100 334

2, 096

783

6,704

1,583

»134, 925

561, 273

585, 565

528, 025

604, 610

698, 402

750, 943

845, 020

888, 705

816, 314

643, 770

740, 922

801, 292

67
84

62
106

64
116

103
114

108
163

105
154

99
164

100
160

150
168

106
158

77
117

124
161

209, 308
242, 528

262, 947
306, 879

271, 758

322,851

276, 173
468, 192

285, 191
396, 301

335 876
504, 332

360,513

464, 835
476, 841

401, 708
433, 141

358, 543
348, 349

432, 406
403, 480

366, 222
357, 945

428, 379

207

257

233

227

218

192

239

262

259

258

279

374

39, 351
23, 599
220

56, 099
27, 263
277

49, 073
27, 585
223

45, 189
20, 723
380

47, 771
34, 649
320

48, 031
34, 590
303

58, 093
24, 353
302

58, 575
24, 5G1
448

68, 473
27, 898
374

62, 882
33, 566
542

64, 793
30, 284
355

62,711

36, 728
113 002
48, 256
39, 149

35, 322
96 646
56, 021
29, 567

37, 442
91 908
53, 255
28 718

27, 855
72 974
48, 678

29 080
72 425

71,477

30, 214
78 993
61, 344
97, 421

121 636

46, 220
81 570
54, 746
213, 464

54, 441
88 521
56, 038
266, 931

35, 308
161 634
66, 466
244, 602

30 180
98 066
62, 608
161 525

50, 452
139 512
65, 068
154, 121

63, 936
21, 758

67,414

68, 866
21, 838

71, 307
23, 920

60, 180
18, 744

75 582
22, 872

90, 693
29, 231

79, 330

20, 384

31,219

73, 086
27, 321

58 701
22, 521

56, 906
13, 950

65, 128
16, 227

1,333
270

1,306
315

1, 053
267

990
270

1,381
434

1,431
400

1,835
430

1,819
425

1,871
434

1,716
363

1, 579
344

1,524
420

7
223

2
371

5
273

3
368

1
347

1
277

3
487

1
497

0
413

7
324

3
387

2
479

4 959

5,014

5,698

4 620

4 111

4,507

5 297

51,956

28, 902
325

68, 635

Miscellaneous Products
Brass and bronze (ingots) :•
Shipments and deliveries
net tons
Brass, plumbing:
Shipments*
number of pieces. .
Brass sheets, wholesale price, mill.dol. per lb._
Copper, wire cloth:
Orders:
New
thous of sq ft
Unfilled, end of month. .thous. of sq. ft._
Production .
thous. of sq. ft
Shipments
thous. of sq. ft_.
Stoeks, end of month
thous. of sq. ft..

5,195

3, 260

4,106

3,919

3,688

5 338

960, 463
.145

849,415

.142

708, 694
.145

.144

758, 548
.143

997, 797
.143

439
560
375
359
788

292
407
331
273
747

417
441
357
371
735

337
428
333
326
742

329
479
317
281
743

404
411
393
435
694

933 266 1,045,820 1,061,366 1,000,624
.143
. 143
.143
.143
369
462
374
357
706

<*04
448
417
377
714

351
467
383
367
742

398
443
424
373
797

993, 654 1,253,113 1, 453, 048
.136
.138
.143
411
472
376
375
801

441
509
358
375
787

417
486
416
419
781

PAPER AND PRINTING
WOOD PULP
Consumption and shipments*
short tons
317,730 360, 177 347,711 329, 961 376, 632 352, 068 382 391 378 692 a385,205 °365, 886 354 289
379 217
Groundwood*
short tons
99 382
94 499
97 743
99 695 °102 730 a 93 086
88 610
96 815 103 616
91 694
9C 925
88 016
Sulphate*
short tons
90, 069 107, 943 102, 503
91, 7S2 111 376 105 ?79 114 308 111 592 a 113 251 a 115 331 115 875
127 001
a
Sulphite total*
__ . .short tons
110, 104 119,965 119,475 112,674 128, 091 120, 524 134, 329 132. 772 !33, 814 !23 338 116 810
125 226
Bleached* _. .
short tons _
70, 398
82, 552
60, 029
69, 767
62, 476
73, 137
80, 239 «81, 5 1 5 " 76, 558 73 843
75, 980
76,036
Unbleached*
short tons..
50, 075
50, 198
49, 077
50, 198
52, 533 « 52, 299 0 46, 780
52, 111
51. 777
42, 967
47, 387
49, 190
Soda*.
.
-.
. -Short tons
28,919
24. 966
22, 552
28, 130
29, 476
29, 317
22, 340
25, 498
26, 730
27 588
26 909
29 563
Damaged, off-quality & inisc'l*
6,268
6,819
7,172
short tons
6,607
6,441
7,389
6,158
5 714
6,093
6 502
6,535
6 000
Production, all grades*
short tons..
312, 107 359, 938 354, 234 333, 594 379, 466 352, 831 384, 944 387, 766 «387, 651 °358, 587 352, 648
371,259
Groundwood*
short tons..
83, 482
93, 092 101, 646
99, 902 106, 321
94, 245 106, 126 109, 066 -110,000 « 94, 603
82, 046
79, 730
Sulphate* __
_.
. short tons
92, 108 110 520 104 581 114, 154 111,981 113 421 114 527 116 216
90, 869 108, 551 102, 16X
128 039
Sulphite, total*
short tons..
109, 855 125,073 119,808 113,739 128, 782 119,815 128, 330 131, 794 a] 29, 934 «115, 263 120, 099
127,707
Bleached*.
. ._
short tons
72, 190
76, 922
63, 660
69, 631
66, 056
76,019
73, 021
80, 965 « 77, 656 0 G9 912
77 875
78 109
Unbleached*
short tons.52, 883
52, 763
50, 829 « 52, 278 a 45, 321 42, 224
46, 195
50, 177
46, 794
51, 408
47, 683
49, 598
29 734
91 866
21 899
27 002
Soda*
short tons
24 556
29 038
26 446
27 850
28 276
27 787
29 399
27 000
Damaged, off-quality & misc'l*
6,002
short tons
6,776
6,056
6 340
7,194
6 841
6 600
5 887 a 6 020
5, 979
6 500
6 384
Stocks*
short tons
195 655 105 361 111 759 115 675 119 398 120 161 122 814 131 889 !34 273 126 974 124 795
I 1 6 784
Groundwood*
_ _ short tons
37, 847
55, 434
64, 805 « 72, 012
38, 623
41,710
46* 951
31, 502
44, 400
73, 529
67 559
56 364
Sulphate*
short tons
6 555
7, 163
5 296
5 685
6 828
7 174
6 148
5 855 a 5 001
5 342
5 450
6 380
Sulphite, total*
short tons
54, 142
54, 984 a51, 104
59, 250
59, 4S4
60, 648
55, 962
62, 670
61,961
43 029
46 278
48 759
Bleached*
short tons
35, 307
37, 730
36 963
40 543
41 929
36 183
36 909 a 050
°33
41 813
32*539
30 466
26 434
F
Unbleached*
short tons
21, 520
18, 835
22, 521
20, 105
19, 779
18,075
18, 054 16 - >95
15 812
20, 741
20 148
10' 220
5,202
Soda*
short tons
5,427
6,150
4 632
5,740
5,238
5,449
5 547
4 507
5 169
4 598
4 797
Damaged, off-quality & misc'l*
1,909
short tons
1,296
1,084
905
731
630
795
695
868
817
750
649
Imports:
151 705
165, 848 139 512 165, 936 146 060 139 263 179 303 108 563 119 690
Chemical, totalf#
short tons
86 361 165 397 155 406 147 952
Groundwood#
short tons
14, 818
19, 319
13, 973
16, 880
18, 707
17, 950
16 977
13 020
10, 097
18 368
ll' 715
14 300
16 744
Price, wholesale, sulphite, unbleached
2.10
1.90
2.10
2.00
2.10
dol. per 100 lb_.
2.10
1.90
2.10
2.10
1.90
1.90
1.90
1.90
° Revised.
t Revised series; for earlier data on new orders for electrical goods see p. 19 of the August 1933 issue; and p. 49 of the June 1933 issue for 1932, for chemical wood pulp
imports.
* New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. For electric refrigerators, see p. 20 of the July 1935 issue. Data prior to
October 1931 not published on plumbing brass. Wood pulp figures based on reports to the Pulp Executive Authority by 172 mills, representing 91 percent of the total CJ. S.
pulp industry. Figures available beginning with January 1934. Data not exactly comparable with figures previously shown. See footnote on p. 56 of the April 1935 issue
for the complete 1934 wood-pulp figures.
# See footnote on p. 37 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue.
• Since January 1934 the figures are more complete than those on deliveries previously shown. Shipments of the concerns formerly reporting contribute about 80-85
percent of the total for the present series.
A These series have covered a varying number of companies for period covered in survey; percentage of industry coverage not known. Reports have been from 12
companies since January 1934.




54

SURVEY OF CURRENT BUSINESS

1931
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January
in the 1S32 Annual Supplement to the Survey
ber
ber
ber
ber

November 1935
1935

February

March

April

June

July

732 733 "778 279

714 308

333, 152 «435. 892 ^374. 295 392. 978 «378, 215 «426, 046
338. 805 "420, 669 °384, 402 °405, 861 a396 991 °431, 455
325, 579 °425, 781 °384, 870 a400, 326 °385 934 "417, 334

340, 925
380 324
368, 583

August

695 016

349, 842
361 701
361 474

May

PAPER AND PRINTING—Continued
PAPER J
Total paper:*t
Paper, including newsprint and paper
board:
Production
sho r t tons
637, 033
Paper, excluding newsprint and paper
board:
Orders, new . _
short tons_
331. 091
Productionf
short tons
3?9, 487
329, 676
Shipments!
short tons
Book paper:*
Coated paper:
Orders, new
short tons.. 18, 903
14, 267
3, 757
Order? unfilled
short tons
8 808
Production
short tons
15,748
18 640
47. 8
64.3
Percent of potential capacity
16 089
Shipments
short tons
17 654
Stocks, end of month
short tons.. 16, 595
14, 279
Uucoated paper:
74, 022
Orders, new
short tons
83 400
25. 236
Orders, unfilled
short tons.. 35, 464
73 243
Production
short tons
87 911
53 6
Percent of potential capacity
70 1
77, 003
Shipments _
_.
short tons.. 88, 127
Stocks, end of month
short tons.. 73, 098
54, 615
Newsprint:
Canada:
Exports
short tons__ 208,912 190, 794
Production
short tons.. 223, 892 196, 172
Shipments from mills
short tons.. 225, 403 195, 320
Stocks, at mills, end of month
short tons
United States:
" 73,818 «61, 894
Consumption by publishers
short tons. _ 160. 558 151,900
Imports^
short tons.. 190 272 159, 944
Price, rolls, contract, destination, N.
Y. base
dol. per short ton-40.00
40. 00
Production, total
short tons.. 71,416
74, 120
Shipment^ from mills
short ton*?
71,337
73 i<31
Stocks, end of month:
At mills
short tons.. 10, 490
23,284
At publishers
short tons.. 221. 114 241,893
In transit to publishers. .short tons.. 38, 703
42,818
Paperboard :§
Consumption, waste paper f.. short tons.. 244, 963 200, 164
Orders:
New
short tons. . 307, 103 228. 804
Unfilled, end of month
short tons.. 305,088
72, 930
Production
._.
short tons
289, 596 233, 426
Percent of capacity
. . ..
61.4
74 1
Stocks of waste paper, end of month:
220, 998 241,569
At millst
short tons..
In transit and unshipped purchases
26, 618
Fine paper:*
short tons.. 38, 420
Orders, new
.short tons
23, 388
Orders, unfilled
short tons
6 437
Production
short tons
23 928
Shipments
. .
.short tons
23. 753
Stocks, end of month
short tons
49 765
Wrapping paper: *
Orders new
short tons
112 052
Orders, unfilled
short tons
51 872
Production
short tons
111,076
Shipments
short tons
110 927
97 041
Stocks end of month
short tons
PAPEE PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
.
teams.. 66, 455
48, 986
Foreign..
reams. . 8, 743
6, 990
Paperboard shipping boxes:
Shipments, total
mills, of sq. ft
°, 153
1 , 757
Corrugated*
mills, of sq. ft.
1, 521
1,908
Soiid
fiber*...
mills, of sq. ft..
245
236
PRINTING
Blank forms, new orders..
thous. of sets. _ 88, 721
76, 895
Book publication, total-number of editions..
787
852
611
712
New books
number of editions-176
New editions
number of editions
140
Operations (productive capacity) 1923 — 100
78
Sales books:
12, 393
Orders, iww
thous. of books
11,799
12, 906
Shipments
_. _
thous. of books
10. 793

762 609

658 166

618 5 0f)

C

763 271 ^707 084

a

755 159

a

a

401.767
418,368
410,067

335, 974
355, 582
341,866

18, 400
3 722
19, 543
52.8
18 750
15, 125

16, 574
3 912
17, 438
49.8
17 817
14,812

15,031
4, 113
15, 530
46.1
15 417
13, 396

19, 768
4 815
19,616
53.1
20 151
14, 721

19, 204
8,056
19, 162
58.2
19 351
14, 406

20, 944
9 117
21, 482
61.4
21 614
13, 582

20, 733
9 106
21 758
62. 0
21 215
14,870

20,311
9 794
20 756
58.8
19 513
15,810

15,835
9 118
18 264
58.9
17 215
16, 861

18, 464
8 798
19 335
55.8
19 441
17, 194

18, 390
8 153
19 363
59.4
19 267
15, 605

77, 426
24, 204
87 394
59 7
85. 221
55, 297

72 711
23, 226
79 936
59 0
75, 627
58, 268

70, 095
26, 646
74 427
56 7
74, 725
57,715

86, 899
31, 564
88 878
61 5
88,400
59, 061

77, 571
28, 006
86 989
68 7
87, 032
57, 874

87, 821
30, 426
96 411
69 9
94,947
58, 583

87 282
30,975
96 852
69 3
95, 237
60, 919

81 320
27, 806
93 358
69 9
87 815
63, 320

72 222
26, 754
82 098
66 7
78, 740
66, 352

78 190
29, 864
86 121
63 2
84 996
70, 154

80 143
30, 480
88 201
68.2
85, 880
71, 860

204. 904
235,021
228, 921

221,553
240, 869
262, 206

245, 136
239, 544
254, 657

184, 243
201.959
180, 026

146,697
180.305
160, 859

206, 492
205, 682
198, 574

158, 924
222, 235
236, 905

239, 881
242, 693
251,979

227, 215
232, 020
228, 196

219, 461
234, 753
226, 884

220, 866
235, 573
225, 736

67, 994

46, 488

30, 366

51, 932

71,364

78, 396

63, 553

55,211

57, 771

65, 705

75, 305

168, 372
201, 146

172, 287
194,392

165, 496
222, 897

157. 870
160, 973

169.816
13S, 647

171, 139
181, 597

166, 122
188, 700

201,970
227 330

161,884
202 878

153,811
190 872

148, 142
195, 057

40. 00
80, 562
81 229

40.00
74. 851
79 129

40. 00
79. 777
8 f i 495

42. 00
80, 57G
75, 678

40.00
70,812
69, 622

40.00
73, 528
74, 665

40.00
74.891
77 102

40.00
84, 361
84 019

40.00
77, 319
77 183

40.00
73, 108
71 366

22,679
236, 734
33,717

18,043
244, 388
35, 391

12,312
277, 125
46. 237

17,346
261,282
38, 622

18,317
240. 101
34.214

17, 647
210. 072
32, 725

15, 683
203, 672
33, 268

16,142
203, 353
37,342

16,496
211,071
29, 914

18, 721
223, 364
29, 220

18,202
232, 200
26, 100

a
a

40.00
73, 344
73, 265

230, 695

196, 461

16S, 375

210,812

211,560

231, 584

217,300

219,767

213, 523 « 217, 934

246, 537

255, 744
68, 756
263 679
63.9

218,980
f.2, 352
227. 733
57.8

201, 121
65, 723
199. 940
54.2

273, 151
80, 987
262, 026
62.9

252, 578
84.341
251,870
68.7

268, 360
79, 049
275, 770
69. 1

255, 730
79, 296
260. 851
64.8

259, 995
80. 367
262, 463
62.7

248, 656
78, 020
256 665
66.5

259, 486
78, 241
260, 207
61.4

297, 349
86, 767
291, 127
68.7

231,094

226, 941

223, 692

210, 520

214, 069

207, 987

214, 680

222, 519

230, 365 * 233, 784

228, 137

33, 005

27, 764

20, 000

35. 073

39, 726

34, 170

30, 233

33, 481

32, 864

47, 039

30
6
32
31
48

558
213
400
606
548

24. 366
6 886
24 737
24 522
48 800

23, 799
7 460
25 263
22, 190
51 804

38, 880
Q
1 1 008
0
36, 514
a
38, 359
a
51 726

0
31, 620 0 27, 175 « 37, 596
a
10, 649 a 10 676
10 578
a
a
30, 751 a 39, 114
33, 257
a
32, 660 a 28, 936 0 37, 428
a
52 702 °52 880 0 54, 610

25, 966
8 276
31,196
29, 182
56 550

24, 606
9 421
26 650
25, 910
55 716

159 H94
56 733
151,019
148 923
95* 986

116 423
51 005
126,441
124 175
99 616

119 125
60 937
120. 246
111 816
104 971

163 198
70 219
147, 698
150 147
103 089

128 971
65, 517
135, 078
134 484
100, 203

134 954
67, 271
139, 857
137 969
101 503

858
867
986
543
385

147 153
62. 098
148, 984
148 493
105. 337

118 943
55, 634
132, 181
129 561
107, 000

52, 392
5, 998

46, 635
8,121

41, 536
5, 220

58. 287
6, 804

59, 071
5,934

69. 477
7, 465

69, 173
6,851

50, 774
5,442

61, 294
8,538

61,116
7,364

62, 201
6,719

1 943
1 , 696
247

1 634
1, 442
193

1,492
1.323
169

« 1, 809
« 1-616
193

o 1, 641
a 1, 466
175

« 1. 889
« 1, 671
218

« 1,823
» 1,620
204

« 1,950
« 1,743
207

o 1,841
a 1, 635
206

« 2, 025
1,780
244

2, 123
1,877
247

82,103
771
653
118

83,118
727
612
115

76, 239
1, 080
847
233

83, 930
518
456
62

70, 401
628
563
65

78, 972
1,004
784
220

83, 393
718
568
150

89, 491
624
447
177

73, 780
674
495
179

82, 686
500
403
97

93, 807
714
519
195

78
14, 605
12.924

80
11 564
1 1 , 399

0

0

3 1,230
a
10 281
0
31, 310
a
30, 175
tt
52 862

0

118
60
132
127
106

122
57,
121,
121
104

32, 432

953
596
304
871
715

81

77

80

80

77

80

78

75

80

11,233
1 1 . 590

11, 130
11.818

11,689
10. 737

12, 456
11,361

11,337
12. 097

11,732
11.906

12, 221
11,672

12, 728
12, 677

12, 300
12, 931

• Revised.
t Revised series. Data for period January 1933-January 1934 inclusive on consumption and stocks of waste paper at mills will be shown in a subsequent issue. Data
on total paper for 1934 revised. Revisions for months not shown above will appear in the September 1935 issue.
§ The Bureau of the Census has changed the title of the " Boxboard" report to " Paperboard " since data actually cover all board of .0012 of an inch or more in thickness
reported by the cooperating manufacturers. Figures given on production and new and unfilled orders are for 94 identical manufacturers; and consumption and stocks of
waste paper for 82 manufacturers. Estimated coverage is given in general footnote below
* New series. New series on paperboard shipping boxes compiled by the National Container Association, Chicago, 111 , from reports rom all members of the industry of
record beginning in January 1934. The volume of companies not reporting ench month is estimated by the association, so as to keep the series comparable. The solid
fiber figures are complete as reported. Prior to January 1934 data covering this industry were compiled by the Paper Board Industries Association. See note below for total,
book, fine, and wrapping paper.
JThe figures on paper (including total, fine, and wrapping) are as reported by the American Paper and Pulp Association, except book paper, the data on which are reported
by the Book Paper Division cf the Piper and Pulp Industry; they are not comparable w i t h the d-itn. carried in the SURVEY from the American Paper and Pulp Association
through December 1933. The present classification of the association differs from that previously u^ei by them, as well as from the Bureau of the Census classification,
In addition to the classes shown, the association also reports on printing paper (including uncoated book^, boards, paperboard, and newsprint. The first two of these
classifications are not used in the SURVEY, while the Bureau of the Census report is used for paperbo ird and the Newsprint Service Bureau's report for newsprint (the latter
series is identical with that reported by the association). The ratio of the production reported by the association, the Newsprint Service Bureau, and the Bureau of the
Census (monthly report on paperboard) to the annual figures reported by the Bureau of the Census for 1934 follow: To^al paper, 87.4 percent; fine paper, 76.1 percent; wrapping, 109.7 percent (present clas^ifintinn of association is much broader than is Cen us or earlier association classification); piperboard, 68 percent of all paperboard, but 81
percent of the more comparable classifications of Container board and hoxbp-ird; book paper, uncoated. 95 percent and coated 100 percent (book paper estimates are by
association since the data cannot be checked with Census data); and newsprint. 97 percent. Figures for the first 5 months of 1934 on book paper are not available. Data
are available for the other series for the months of January to April 1934. These figures will be shown in a subsequent issue.
 # Seo footnote on p. 37 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.



November 1935

55

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septemin the 1932 Annual Supplement to the Survey
ber

1935

1934
» October Novem- December

S

ber

January February

March

April

May

June

July

33, 327
25, 961
32, 182

33, 109
25, 019
48, 131

August

RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total
long tons... 34,000
For tiresjf
long ton 5 '
Imports, total, including latexf# long tons.. "35," 707"
Price, wholesale, smoked sheets, N. Y.
dol. per l b _ _
. 110
Shipments, world
..long tons.. 74, 000
Stocks, world, end of monthf long tons_. 064. 159
Afloat, lotalflong tons. 100! ooo
For United Statesf
long tons
43.413
London and Liverpool
long tons.. 177, 544
British Malaya ._
long tons _ (17, 361
United States!
long tons
319, 254
Reclaimed rubber:
C onsumption
long tons. . 7,011
Production
_
long tons_.
6,871
Stocks, end of month
long tons.. 11,321
Scrap rubber:
Consumption by reclaimers
long tons..

r
OC OiO
Zb, " >A

27,317
10, 864
32, 010

20, 489
29, 240

.154
88, 000
694, 361
113,716
38, 831
113.052
103,485
364, 108
6,132
6,974
20,319

371, 212

32, 996
25, 137
18,171

42, 864
32, 575
40, 523

38, 868
29,671
47, 844

38, 997
28, 832
46, 640

40,913
31,825
41, 456

37, 827
28, 898
30, 705

. 139
68, 000
680,616
98, 868
38, 247
121,020
101, 349
359, 379

.130
76, 000
684, 408
99, 837
38 6°5
127,888
96. 556
358, QUO

.129
99, 000
705, 975
124, 976
47, 644
134,927
91.072
355, 000

.136
75, 000
698, 153
113,000
42, 066
148, 337
98,471
338, 345

.129
74, 000
686, 195
103, 000
42, 969
155, 727
94, 695
332, 773

.114
67, 000
678. 809
92, 000
44, 485
162,012
91,069
333, 728

.115
75. 000
677, 006
97, 400
37, 651
165, 064
86, 723
328, 118

.120
77, 000
677, 569
103, 200
44, 375
167, 745
91,345
311,000

7,097
8,143
21, 079

6, 492
7,268
20, 015

7, 034
7,353
18, 740

9, 583
10, 465
17, 743

8,178
10, 072
15, 765

8,183
10,549
17, 335

9.210
10,315
17,032

8,448
10, 223
16, 341

3_! , 358

27, 693

.126
.121
.120
72, 000
70, 000
70, 000
671,525 «679, 061 0 680, 644
101,000 « 96, 000 •101,000
47, 724
55, 581
49, 018
171. 303 0174, 141 01 77, 250
80, 843
89, 098
89 979
321,551
315, 000 315, 000
7,317
8, 590
15, 780

7, 136
8,421
14, 889

7,036
7,263
12,611

32, 588

32, 709

25, 959

36, 000
21, 893
41,483

TIRES AND TUBES J
Pneumatic casings:
Production
thousands
Shipments, total
thousands. _
Domestic
thousands...
Stocks, end of month....
... thousands- . !
Solid and cushion tires:
Production.
thousands. .
Shipments, total
thousands. _
Domestic _
thousands..
Stocks, end of month
thousands _ ----Inner tubes:
Production
thousands. .
Shipments, total
thousands _
Domestic
thousands
Stocks end of month..
thousands-Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics
thous. of l h _ .

2,84S
3,087
2,993
8, 166

3,188
2,919
2,834
8,397

3,241
3, 095
3,026
8,516

3, 665
3,015
2,921
9,171

4,488
3. 553
3, 469
10, 086

4,251
3,189
3,112
11, 184

4,215
4,078
4,000
11,325

4,376
4,989
4,908
10, 673

4, 050
3,945
3,850
10, 797

3,793
4,134
4, 061
10, 433

3, 426
5, 284
5,212
8, 584

15
13
13
34

17
15
14
35

16
17
16
33

18
15
14
35

22
20
20
32

18
16
16
32

18
20
20
31

20
22
21
31

23
21
20
34

16
20
19
30

22
20
•JO
36

''26
^24
ft 24
*33

3,017
2, 934
2,871
7,410

3,123
2, 609
2, 543
7,907

3,074
2, 684
2. 630
8,247

3, 398
2. 765
2, 689
8, 904

4,131
3, 610
3, 539
9, 332

4,046
3, 261
3, 200
10, 152

3,999
4,043
3, 980
10, 094

4,132
4, 320
4, 252
9, 864

3,775
3, 347
3, 287
10, 296

3,376
3, 904
3, 840
9,748

3, 153
5, 111
5, 053
7, 765

* 3, 154
& 3, 690
«> 3, 647
&5,621

12, 942

13, 169

15, 382

15, 627

19, 608

18, 059

7,849

8,011

7,736

7, 055

14,868

& 13, 836

287

& 3,
& 3,
* 3,
& 6,

234
839
783
322

MISCELLANEOUS PRODUCTS
Rubber bands, shipments A .--thous. of lb..
231
Rubber-proofed fabrics, production, total A
4,742
thous. of ycLAuto fabrics.._, .thous. of yd-.
568
Raincoat fabrics,
thous. of yd..
2,405
339
Rubber flooring, shipmentsA thous. of sq. ft...
431
Rubber and canvas footwear: •
Production, total
...thons. of pairs..
3,918
4,427
Tennis.
thous. of pairs..
877
873
Waterproof
thous. of pairs. . 3, 554 a 3,041
6. 475
Shipments, total
thous. of pairs..
5, 510
Tennis
thous. of pairs
"920
889
Waterproof
thous. of pairs .
4, 622 « 5, 555
Shipments, domestic, total.thous. of pairs. . 5,489 -6.412
Tennis
thous. of pairs..
"866
881
Waterproof
thous of pairs
4, 608 « 5, 547
Stocks, total, end of month. thous. of pairs- . 14, 559 « 15, 701
Tennis..
thous. of pairs. _
*5, 841
4,137
Waterproof
thous of pairs
10, 422 ° 10, 017
Rubbor heels: A
13.911
Production
thous. of pairs
Shipments, total*
thous. of pairs.13, 219
219
Export
....thous. of pairs..
4, 079
Repair trade
thous of pairs
8, 921
Shoe manufacturers _ thous. of pairs
Stocks, end of month
thous. of pairs42, 652
Rubber soles: A
2,952
Production
.
thous. of pairs
Shipments, total*
thous. of pairs. .
3,107
2
Export.
thous. of pairs..
Repair trade
thous. of pairs
455
2, 650
Shoe manufacturers ... thous. of pairs. _
Stocks, end of month
thous. of pairs
4,718
Mpchanical rubber goods, shipments: A
3,187
Total
thous. of doL.
846
Belting
thous. of doL.
1,138
Hose
. thous. of dol .
1,203
Other
thous. of dol._

330

209

174

230

228

276

285

293

227

220

5,279
804
2,813
386

3,419
405
1,552
375

3,334
744
884
411

3,776
286
1,141
268

3,661
287
1,122
286

4,071
256
1,307
366

4, Ofi8
305
1, 398
456

4,030
292
1,716
486

3,868
303
1,540
400

278

427

325

477

5,078
1,201
3.877
5, 525
790
4,735
5,486
758
4,727
15, 248
6, 085
9,163

4,992
1,165
3,827
4.727
575
4, 152
4, 653
528
4, 125
15,513
6, 675
8,838

4,870
1,570
3, 300
5,317
1,258
4, 060
5.273
1,240
4,033
15.177
6, 999
8,178

5,668
2, 668
2,999
6,379
2,778
3,601
6. 250
2,661
3,589
14, 466
6,890
7,576

5,383
3,083
2.300
4,752
3,284
1,468
4,619
3,165
1,454
15, 087
6, 690
8,397

6,863
3.673
2,190
5,087
4,023
1,064
5,041
3,997
1,044
15, 854
6,331
9,523

5,415
3,188
2, 22')
4.210
3, 276
934
4,170
3, 243
927
17,056
6,241
10, 815

4, 857
2,376
2,481
3,688
2,579
1,109
3,623
2,521
1,102
18, 202
6,026
12, 176

4, 151
1,391
2, 760
3. 002
1,774
1,227
2, 964
1,742
1,222
19, 358
5, 642
13,716

3, 147
702
2,445
3, 737
1, 507
2, 230
3, 667
1, 490
2,177
18. 767
4 83(j
13, 931

4,698
1,057
3,643
6,132
1,340
4,791
6,106
1,322
4,785

14, 437
16, 889
377
5, 238
11,273
40,016

13,922
15, 746
326
4. 175
11.244
33, 040

13,428
14, 075
359
3, 435
10, 281
37, 751

14. 351
16, 630
296
5,667
10, 667
35,811

16. 334
15, 260
221
4,777
10. 262
36, 950

16, 256
16, 926
439
5,102
11.385
36, 349

17, 173
18, 784
241
7, 405
11,118
34, 869

20, 262
19, 658
336
7,471
11,850
35, 602

19, 105
18, 694
356
5,578
12, 760
34, 250

17, 836
17, 492
233
4.810
12 449
34, 746

3,239
3, 297
13
584
2, 699
4,656

3, 541
3,617
3
585
3,030
4,528

3,400
3,592
3
530
3, 059
4,329

3. 705
3, 696
9
650
3,037
4,311

3,243
3,601
7
704
2,890
3,948

3,357
3,410
7
563
2,840
3,904

3. 525
3, 543
7
631
2, COS
3,897

3,607
3,701
6
505
3,190
3,733

3,567
3, 509
8
380
3,121
3,887

3, 599
3, 597
11
384
3, 202
3, 875

3,715
996
1,376
1,343

3,094
707
1,078
1,310

3,601
746
1, 001
1,854

4,515
871
1,430
2,215

4,261
775
1,372
2,115

5,463
1,006
1,842
2,615

5,711
1,394
1,949
2,368

4,944
1,109
1,688
2,147

4,422
1,026
1,383
2,012

4,106
1,092
1,281
1,733

4,354
1,346
1,368
1,640

° Revised.
See footnote marked "£".
I Data for 1934 and for the period January to July 1935 are estimated to represent approximately 97 percent of the industry; for August 1935 the coverage is estimated to
be 81 percent. Previously published data are estimated to cover about 80 percent of the industry for 1929-33, inclusive, and 75 to 80 percent prior to 1929.
# See footnote on p. 37 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.
• In October 1933, 4 new companies were included in the report and i additional company in January 1934. Since that month, the coverage of the industry is 100 percent. For preceding periods the coverage varied; in 1929 it was 90 percent; in 1931, 80 percent; and in 1933, 95 percent, according to the Census of Manufactures. Overlapping figures are available for October 1933. See the October 1934 issue for October 1933 data for the smaller number of firms.
* New scries. Earlier data not published on rubber heels and soles prior to December 1932.
t Revised series. Data on consumption of rubber for tires revised for 1932. 1933, and 1934. See p. 51 of the August 1934 issue. Revised data from September 1930December 1934—rubber world stocks, world afloat, and afloat to the United States appear on p. 20 of the July 1935 issue; for 1932 revisions for United States stocks, see p. 50
of the May 1933 issue. See p. 50 of the June 1933 issue for crude rubber imports.
A Coverages of Rubber Association data has varied considerably over period for which data have been shown in SURVEY. Coverage was generally higher in 1934 and
1935 than in earlier years.
6




56

SURVEY OF CURRENT BUSINESS

November 1935

BRICK
Common brick:
Price, wholesale, red, N. Y.
dol. per thous. _
Shipments*
thous of brick
Stocks*
thous of brick
Face brick (average per plant):
Orders, unfilled, end of mo.
thous of brick.Production (machine)*
thous. of brick-Shipments
thous of brick
Stocks, end of monthj
tbous of brick
Sand-lime brick:
Orders, unfilled, end of mo.
thous. of brick- .
Production
.
thous of brick
Shipments by raiL.
thous. of brick
Shipments by truck
.thous. of brick _
Stocks, end of month
thous. of brick-Vitrified paving brick:
Shipments*
tlious of brick
Stocks*
thous of brick

9.50

10. 50
64 508
419 833

10.50
48 188
412 449

10. 50
38 281
400 529

10.44
38 291
387 462

10.00
60 987
362 458

10.00
76 646
341, 477

9.63
83 076
343 554

9.50
88 324
341 315

351
203
217
2, 2J7

322
218
143
2,303

233
120
115
2, 306

254
64
64
2,310

258
71
97
9,318

289
95
138
2,282

367
177
229
2,133

381
293
255
2, 107

342
310
284
2,078

337
350
313
2, 107

140
1. 164
42
1, 12J
2, 091

175
920
83
889
1,877

850
] 651
552
1, 105
2,715

140
199
32
531
1,561

100
175
0
350
1,317

100
355
13
266
1,363

925
115
20
414
811

850
345
104
343
346

810
1,821
125
1,754
1,374

600
1,582
206
793
1,860

1,150
2 077
213
1,901
1,877

1,012
1 974
144
1,873
1,921

8,773
77, 701

44
1,891
2,202

10.50
77 698
412 589

369
158
172
2,292

720
2 396

10.50
62 405
417 025

6, 831
77,436

4 993
76, 158

1,806
77, 866

1,601
79,711

1 167
79, 494

1 338
77, 039

3,307
80, 358

4, 162
87, 241

7,753
89, 638

12, 565
86, 236

9, 151
80, 477

1. 650
7,680
34.8
7, 388
21, 734
5,975

1. 650
6,675
29 3
8, 439
19, 972
6,055

1.650
5, 779
26 2
5,674
20, 078
6,213

1. 650
4,447
19 5
3, 104
21, 460
6,137

1.650
3, 202
14 1
2,846
21, 847
6,318

1.650
3,053
14 9
2, 952
21, 899
6,348

1. 658
4,299
18 9
4,878
21, 289
6, 343

1.667
6, 136
27 9
6,198
21,219
6,122

1.667
8,222
36 1
7,428
21,991
6,365

1.667
8,725
39 6
7,632
23, 083
6,741

1.667
8,021
35 7
7, 813
23, 287
6, 849

1.667
7,235
31 8
8,105
« 22, 415
a
6, 779

2, 859
54. 0
3, 260
7, *>31

3,132
52. 6
3, 106
7 210

2,855
51 8
2, 537
7 431

2,922
53 0
2, 430
7 871

2,935
49 3
2, 679
7 Q<)0

2, 639
49 9
2, 584
8 010

2,948
51 4
2,963
7 955

3, 113
54.3
2, 956
8,060

3,401
59 3
3, 245
8 141

3,295
59.8
3,276
8, 115

3,579
62.4
3, 455
8, 183

3, 825
64 2
3, 735
8,239

9.40
o 93 ^08
365 481

a

9.44
95 871
381 865

PORTLAND CEMENT
Price, wholesale, composite
dol. per bbl_.
Production _
. thous. of bbl
Percent of capacity
Shipments
thous. of bbL.
Stocks, finished, end of month _ thous. of bbl._
Stocks, clinker, end of month. thous. of bbL_

1.G67
7, 173
32 6
7, 799
21, 789
6,322

GLASSWARE, ETC.
Glass containers: #
3, 107
Production
thous. of gross..
,58. 7
Percent of capacity
3,701
Shipments
thous. of gross. _
7, 576
Stocks, end of month
thous of groQ5?
Illuminating glassware:*
Orders:
2,440
New and contract- .-.--number of turns ..
Unfilled, end of month
number of turns..
2,306
2,013
Production
number of turns..
Shipments:
2,088
Total
- number of turns
87.4
Percent of full operation
Stocks, end of month
number of turns. . 3,358
Plate glass, polished, production f
thous. of sq. ft._ 14, 404

1,411

2, 184

1,990

1,681

1, 774

1,850

2, 115

2,020

1,965

1,919

1,743

1,865

2, 235
1,188

2. 540
1, S44

2, 456
2,022

2,305
1,877

2, 252
1,638

2, 356
1,774

2,611
1,902

2,608
2, 065

2,623
2, 022

2,751
1, 829

2, 828
1,555

2, 757
1,591

1,427
55. 6
4,457

1,«SO
73.3
4,432

1, 999
77 9
4,475

1,851
72. 1
4, 525

1,691
65 9
4,487

1 685
65 6
4,624

1 791
6^ 8
4, 795

1,920
74.8
4,945

1, 927
75. 1
5, 097

1, 814
70.7
5,119

1,567
61.0
5,053

1,920
74.8
4, 787

6,738

7,512

6,587

8, 390

13, 365

13, 723

16, 532

16, 999

14, 582

13, 163

13, 909

14, 526

836
104

581
76

42, 336 0 43, 196
334, 369 °335, 114

46, 336
340, 857

GYPSUM*
Crude (quarterly):
Imports
short tons
Production
short tons
Shipments (unoalcined)
short tons
Calcined (quarterly):
Production
short tons
Calcined products (quarterly):
Shipments:
Board plaster (and lath) thous ofsQ ft
Board, wall
thous. of sq. f t _ _
Cement, Keenes
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

88, 408
450 304
145, 404

101 805
334 318
99 956

10 730
902 406
84* 853

102, 302
523, 238
188, 458

257, 048

234 735

233 852

388, 440

32 601
44, 612
3, 501

39 904
40| 793
2 866

29 937
51, 362
2 997

56, 284
73, 990
4,724

188,314

162 020

165 970

272, 202

24, 681
1,721

23, 985
1 550

29, 142
2 302

36, 668
2,211

TERRA COTTA
Orders, new:
Quantity
Value

short tons..
thous. of dol

713
91

515
50

761
65

539
41

1,090
82

967
80

934
80

795
66

1,440
133

791
93

38, 068
369, 641

38, 139
367, 165

35, 643
363, 347

28, 817
370, 116

25 795
363, 291

23 111
353. 774

29 931
350,710

38. 498
346, 785

43, 089
341, 432

934
113

TILE
Hollow building tile:*
Shipments _
Stocks

short tons
.short tons -

a
Revised.
* New series. Earlier data not published on illuminating glassware prior to July 1932 (except production and percent of capacity); for earlier data see p. 20 of the June
1933 issue, face brick, machine production. Series on common and vitrified paving brick and tile beginning January 1934 were shown on p. 20 of the June 1935 issue. For
earlier data on gypsum see p. 20 of the January 1933 issue.
J Adjusted for degrading and year-end physical inventories.
t Data on plate glass represent the total output of the industry. Complete figures for the months of 1932 were shown on p. 52 of the March 1933 issue, and for 1933 on
p. 52 of the March 1934 issue.
# Series on glass containers are not comparable for 1934, 1935, and earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for the year
of 1933 amounted to 33,056,706, compared with 23,511,963 for the 30 firms reporting for the same year. Comparable statistics on shipments for the companies, now reporting
by years, from 1928 to 1933, inclusive, were as follows (in gross): 1928, 31,943,016; 1929, 33,765,890; 1930, 31,905.933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data
are not available for this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend of these data that the monthly
figures prior to 1934 had a downward bias. Basis of estimating capacity was changed in computing the new series. Data for 1934 revised, see p. 52 of the May 1935 issue.




November 1935

57

SURVEY OF CURRENT BUSINESS

1935
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January | ™™'
in the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1935
March

May

April

July

June

August

TEXTILE PRODUCTS
CLOTHING
Hosiery :*t
Production .--thous. of dozen pairs..
Shipments
thous. of dozen pairs
Stocks, end of month
thous. of dozen pairs
Men's and boys' garments cut:
Overcoats
thous of garments
Separate trousers
thous. of garments
Suits
thous of garments

6,989
8,078

9,564
9,791

9,466
9,308

8,001
8,220

9,996
8,588

9,214
8,732

9,692
9,768

9,392
9,180

9,203
9,124

7,121
7, 5J3

7,541
6,818

9,001
9,686

17, 238

17, 006

17, 159

16, 934

18, 444

19, 028

19,053

19,366

19, 546

19, 256

19, 979

19, 294

295

523

480

417

551

480

482

468

470

384

391

408

466

390

318

323

278

345

280

241

94

1, 133

.115
.115

COTTON
449'
Consumptionf
thous, of bales
Exports:
Quantity, exclusive of linters
thous. of bales. .
, 487*r
Qinnings (total crop to end of month)
thous, of bales..
4, 230
5
Imports^
thous. of bales
Prices:
To producer
dol. per lb_.
.106
Wholesale, middling, N. Y -_dol. per ib__
.108
Production, crop estimate. --thous. of bales.. /1 1,464
Receipts into sight^
thous. of bales.2,154
Stocks, end of month:f
Domestic, total mills and warehouses
thous. of bales..
7,865
Mills
thous. of bales
717
Warehouses _
thous. of bales .
7 149
World visible supply, total. -thous. of bales..
5,205
American cotton
thous. of bales
3 968

454

616

572

4, 962

7,918

12

9,020
8

.131
.131

.125
.125

.123
.126

1,713

2,345

8,675
1,058
7,617
7,210
5,225

10, 521
1,140
9,381
7,963
6,037

8

505
b

9, 173

d

9, 377

9, 472

6

8

8

10

9

10

.123
.127

.122
.126

.115
.115

.117
.117

.120
.123

.118
.119

.119
.122

1,544

.124
.127
• 9, 637
987

487

378

424

229

286

233

395

718

11, 098
1 294
9,804
7,955
6 086

10,869
1 301
9,568
7,819
5 962

10, 138
1,192
8,946
7,482
5,565

9,516
1,161
8,355
7, 197
5,132

8,904
1, 116
7,788
6,881
4 715

8,266
1 062
7,203
6,124
4 169

7,555
f'75
6, 581
5, 593
3 720

6,953
885
6 069
4,998
3 253

6,528
789
5 739
4,278
2 790

6,538
645
5 893
4,212
2 834

.304
.425

.309
.415

.306
.415

.289
.410

.297
.414

.296
.415

.305
.415

.301
.415

.299
.415

.299
.411

10

8

COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
22/ls, cones (Boston)...
dol. perlb..
40/ls, southern spinning*
dol. per lb__
Cotton goods:
Cotton cloth:
Exports!
thous. of sq.yd___
Imports}:
. .thous. of sq.yd-__
Prices, wholesale:
Print cloth, 64 x 60
dol. per yd._
Sheeting, brown, 4 x 4 (Trion mill)
dol, per yd_.
Cotton cloth finishing:*
Production:
Bleached, plain
....thous. of yd..
Dyed, colors —
-thous. of yd_.
Dyed, black
thous. of yd..
Printed
thous. of yd_.
Stocks:*
Bleached and dyed.
thous. of yd..
Printed
thous. of yd..
Spindle activity:!
Active spindles
thousands
Active spindle hours, total
millions of hours. .
Average per spindle in place
hours..
Operations
percent of capacity

.300
. 405

.316
.435

.312
. 435

14, 128
4,315

17, 330
2, 512

16, 423
2,592

16, 857
3,517

16, 444
4,353

15, 484
5, 474

15, 848
7,727

18, 713
7,118

16, 285
5,903

16,539
5,460

13, 657
3,729

14, 566
3, 258

13, 731
3,517

.063

.074

.070

.066

.068

.067

.065

.062

.061

.062

.061

.059

.061

.074

.082

.081

.078

.077

.077

.076

.074

.073

.074

.073

.071

.070

93,013
87,921
6,151
86,948

111,581
73, 407
6,162
90, 772

134, 386
89, 420
7,985
126, 384

126, 726
87, 679
6,693
114,139

128, 898
87, 992
6,114
107, 379

145, 390
107, 283
6,999
120, 203

137, 335
104, 987
6,013
117, 780

148, 710
119, 107
6,797
122, 548

144, 429
112,883
6,218
104, 597

130, 284
98, 810
6,000
100, 265

90, 496
73, 531
5,504
70, 381

89, 164
78, 254
6, 585
61, 842

94, 521
84, 486
7,282
77, 913

195,421
88, 292

266, 886
101, 083

277, 030
108, 830

298, 233
111,758

284, 473
107, 585

288,864
100, 008

276, 863
97, 232

291, 481
97, 732

297, 866
103, 500

297, 776
111,926

333,991
115, 255

234, 457
96, 103

212, 369
94, 012

22 684

22 112

25 104

25 072

25 073

25 155

24 917

24 574

23 854

23 041

22 704

22 312

22 047

6,184
207
93 9

3,716
120
54 3

7,200
233
97 1

6,710
217
94 0

6,014
195
87 1

7, 542
245
102 6

6,567
213
100 2

6,623
215
92 9

6,055
197
85 3

6,087
199
83 4

5,102
168
74 6

5,155
171
73 5

5,545
185
76 4

EATON AND SILK
Rayon:
Deliveries:*
Unadjusted
1923-25=100..
308
382
274
550
583
441
417
386
488
433
553
295
381
221
Adjusted
1923-25=100..
574
264
°513
419
357
429
439
570
565
387
279
477
3-mo. moving average of adjusted index
327
288
501
1923-25=100 .
336
523
393
453
509
410
495
520
310
Imports}#
thous. of lb._
11
241
16
107
6
22
12
29
25
9
26
39
60
Price, wholesale. 150 denier, "A" grade
(N. Y.)....
dol. per lb._
.55
.60
.57
.55
.57
.57
.55
.55
.60
.60
.60
.55
.55
Stocks, imported, end of month
262
276
thous. of lb._
245
272
264
244
262
262
261
265
263
261
244
Silk:
Deliveries (consumption)
bales.. 45, 156
32, 599
40,941
39, 757
38, 361
41,715
49, 106
37, 548
47, 443
41, 732
33,728
44, 166
44, 347
Imports, r a w j #
thous. of lb_.
6,708
6,846
4,905
6,344
2,566
5,562
5,387
7,219
5,278
6,516
5,658
5,545
6,201
Prices, wholesale:
Raw, Japanese, 13-15, N. Y.dol. per lb._
1.868
1.391
1.125
1.292
1.705
1.185
1.358
1.418
1.348
1.432
1.327
1.376
1.447
Silk goods, composite
dol. per yd..
.97
.93
.92
.93
.96
.94
.92
.95
.95
.96
.96
.92
.92
Stocks, end of month:
World visible supply
bales.. 236, 000 285, 300 277, 800 275, 000 272, 300 258, 500 234, 457 223, 548 220, 577 207, 000 190, 700 199, 500
214, 000
United States (warehouses)
bales.. 38, 680
37, 587
76, 645
66, 479
76, 502
65, 934
36, 762
32, 654
48, 516
48, 727
36, 583
42, 018
37, 381
6
d
»Revised.
As of Dec. 13.
As of Jan. 16.
• Final estimate.
/ As of Oct. 1.
' New seriess. Hosiery compiled by the National Association of Hosiery Manufacturers and estimated to represent 95 percent of the industry. For coir ^
r complete series see
p. 19 of the September 1935 issue. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover pn
practically all the industry;
comparable figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are reported at e'nd of ea< 4-We
LCh
period. Data on cotton yarn, southern spinning from January 1933-April 1934 will be shown in a subsequent issue. Rayon deliveries from January 1923-April J 935 were
shown on p. 19 of the June 1935 issue.
1 For revisions for crop years 1931-32, 1932-33, 1933-34, and 1934-35, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, p. 53 of the October 1934 issue,
and p. 57 of the October 1935 issue, respectively.
f For revisions of cotton consumption, domestic stocks, and spindle activity for crop years 1931-32, 1932-33, 1933-34, and 1934-35, see p. 20 of the February 1933 issue,
pp. 52 and 53 of the November 1933 issue, p. 53 of the October 1934 issue, and p. 57 of the October 1935 issue, respectively.
§ For 1932 revisions sea p. 53 of the June 1933 issue; for 1933 revisions see p. 20 of the September 1934 issue.
# See footnote on p. 37 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.
• Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data at the end of
succeeding 4-week periods.
t For 1932 revisions see p. 53 of the June 1933 Issue, and for 1933 revisions see p. 20 of the October 1934 issue.




58

SURVEY OF CURRENT BUSINESS

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- jj Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

November 1935
1935

March

April

May

June

July

August

TEXTILE PRODUCTS—Continued
RAYON AND SILK— Continued
Silk manufacturing:
Operations, machine activity:
Spinning spindles:*
All
percent of capacity..
5-B .
percent of capacity-Weaving:
Broad loomst-- ..percent of capacity-Narrow loomsf percent of capacity-Silk piece goods:*
Commission mills:
New orders
yards per loom..
Production
yards per loom-Shipments
yards per loorn..
Stock-carrying mills:
Production
yards per loom
Shipments
yards per loom-Stocks end of month yards per loom
Still to come off looms yards per loom

44 4
45 8

46 8
45 8

449 0
550 8
536.5

342 0
512 3
481. 6

425 7
520 0
534.7

320 2
325.9
830 9
387 2

325 6
3(17. 6
853 8
393 5

320
399.
787
480

28 0
37.8

43 2
47 4

25.0
18.7

174 7
318.5
818 6
324 5

52 2
51.8

48 1

242 3
232.2
248.2

55 0
50 3

45 8
51.4

40 5
40 5

"51,616 o 65, 006
19,300
23, 108
11,964
13,939

* 62, 066
21,818
15, 459

_ .

9
4
5
9

WOOL
Consumption:
Total, grease equivalent basist
thous. of lb._ & 80, 293 * 23, 467 » 34, 065 * 44, 858 " 57, 065
Apparel class, scoured basis*_thous. of lb_. 28, 994
• 8, 200
12,800
17, TOO
22, 200
Imports, unmanufactured§#
thous. of lb._ 21,952
7,567
4,964
5,074
8,850
Operations, machinery activity:*
82
Combs, worsted
percent of capacity"28
95
113
49
Looms:
52
Carpet and rug
percent of capacity-« 29
34
23
28
33
Narrow
percent of capacity. .
«17
29
34
26
Wide
percent of capacity __
78
<»27
48
63
45
Spinning spindles:
Woolen
percent of capacity-97
« 43
66
71
63
Worsted
.percent of capacity-67
°20
65
48
35
Prices, wholesale:
Raw, territory, fine, scoured.. _dol. per lb_.
.76
.78
.76
.76
.76
Raw, Ohio and Penn., fleeees.-doi. per lb._
.33
.30
.28
.28
Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd_. 1.603
1.634
1.460
1.485
1. 510
Women's dress goods, French serge, 54" (at
factory)
dol. per yd.. 1.027
.990
1.139
1.139
1.101
Worsted yarn, 2/32s, crossbred stock, Bos1.11
1.18
ton
.
.-_
dol. per lb.1.10
1.17
1.11
12, 744
11,053
5,758
14, 829
Receipts at Boston, total A.
thous. of lb.- 23, 832
4,826
13, 942
12, 033
10, 687
Domestic
-thous. of lb._ 19, 385
932
ForeignA
__ .
thous. of lb_
4,446
366
887
711
Stocks, scoured basis, end of quarter:*^
170, 004
Total
- thous. of lb__ 156, 102 192, 345
149 016
Domestic
thous of lb 137, 264 168 344
18, 838
24, 001
20 988
Foreign
thous of lb
113,751
Combing
thous of lb__ 111,706 135. 706
44, 396
56 253
56 639
Clothing
thous of lb

b

58, 370
22, 200
8,583

& 70, 617 6 80, 428
28, 388
25, 444
15, 932
15, 778

fc 66, 648
23, 575
18, 760

* 74, 781
26, 592
20, 361

100

89

95

111

116

115

103

111

3G
28
81

45
31
88

n
82

58
27
73

59
28
76

50
25
77

53
24
78

60
31
85

85
74

92
71

„
61

76
63

83
71

89
72

94
67

103
67

.76
. 26

.69
.25

.66
.23

.64
.23

.68
.26

.75
.30

.76
.30

.76
.31

1. 510

1.510

1.510

1.510

1.522

1.609

1.609

1.609

.990

.990

.990

.990

.990

1.015

1.015

1.015

1.10
5, 177
4,478
699

1.08
3, 730
2,380
1,350

1.05
6,507
4,626
1,881

1.05
8,951
7,141
1 810

1.06
19, 701
17, 246
2,455

1.08
44, 346
41, 809
2,537

1.10
72, 156
67, 598
4,557

1.10
37, 957
33, 981
3,976

134, 455
115, 216
19, 239
88, 163
46, 292

141,923
126, 209
15, 714
100. 207
41,716

MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity
43.7
7,215
Stocks, end of month... thous. of grossElastic webbing, shipments.. -thous. of dol__
(>)
Fur, sales by dealers
thous. of dol_. P 3, 001
Pyroxylin-coated textiles (artificial leather) :
Orders, unfilled, end of month
thous. linear yd_. 2,589
Pyroxylin spread
thous. of lb.. 4,692
Shipments, billed
-thous. of linear yd_. 4,412

37.0
6, 425
817
2,220

43.1
6,296
929
1,797

48.4
6,396
823
1,887

41.1
6,236
815
1,386

44.8
8, 676
956
1, 799

50.3
8, 536
949
1,942

49.3
8,357
1,018
2,271

45 9
8, 258
1 , 060
2,301

37.6
8,188
0)
2,782

29.0
8,005
(')
2,326

22.3
7,688
0)
3,185

36 5
7,403
0)
0
3, 390

3,050
3,294
3,031

a

2,930
3,325
3,125

2,988
3,257
2,833

2,787
3,337
3,197

3,036
4,214
3,738

2,993
4,444
4,057

2,822
4, 829
4,691

2, 654
4, 600
4,328

2,368
4,280
4,606

1,974
3, 274
3,645

1,898
3,587
3,534

2,176
4,471
4,032

185
105
41
39

135
77
34
24

152
102
20
30

205
136
35
34

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
_
Commercial (licensed)
Military (deliveries)
For exDort

number
number
number
number..

180
81
15
84

120
60
24
36

111
57
42
12

83
47
21
15

93
59
15
19

81
38
28
15

0
Revised.
Preliminary.
# See footnote on p. 37 of the August 1935 issue.
i Discontinued by the reporting source in April 1935.
J» Since July 1934 report has been on a weekly basis. Data for September and December 1934 and March, June, and August 1935 are for 5 weeks; other months, 4 weeks.
Figures for July and succeeding months are computed from Census Bureau figures so as to represent 100 percent of the wool industry; earlier figures incomplete.
t Compiled by the Silk Code Authority (rlhe National Federation of Textiles, Inc.) and represent the percentage of operations based on an 80-hour week (2 shifts of 40
hours each). Data are not comparable with the series previously shown in the Survey which were based on a smaller sample and computed on the basis of a 48-hour week.
* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece
goods (stock-carrying mills only) see p. 19 of the April 1935 issue, excepting for yardage on looms, which is shown on p. 20 of the August 1934 issue. Wool stock series began
in June 1934. See p. 20 of the July 1935, issue for earlier data and explanation of new wool consumption series.
* Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statistics presented herewith are still based on the pre-code computed normal (currently based on the single-shift performance over the 5-year period 1928-32). The current data
represent practically complete coverage of the industry. No allowance for holidays in January 1934, January 1935, and December 1934. Conversion will be made for earlier
months (since effective date of code) at a later date.
* Foreign receipts for year 1934 are compiled by U. S. Department of Agriculture and are not comparable with data carried through December 1933. This results in a
total figure which also is not comparable with earlier data.
J Compiled by the Bureau of the Census and represent stocks of raw wool held by all dealers, toprnakers, and manufacturers who usually hold significant stocks of wool.
The figures for the 3 quarters of 1934 have been revised to include the "grade not stated."
t Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; scoured wool is multiplied by 2 and pulled wool by 1H- Includes
clothing and carpet wools. See note on apparel class wool on p. 20 of the July 1935 issue. As this grease series will probably be dropped in favor of the more accurate scoured
series, it is suggested that those who wish to keep series going have their names placed on Bureau of the Census mailing list for the monthly wool consumption report, from
which can be computed data, using formula sdven.
§ For 1932 revisions see p. 53 of the June 1933 issue, and for 1933 revisions see p. 20 of the October 1934 issue.




59

SURVEY OF CURKENT BUSINESS

November 1935

1934
Monthly statistics through December 1931, 1935
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ary
ber
ber

1935
March

April

May

July

June

August

TRANSPORTATION EQUIPMENT—Continued
AUTOMOBILES*
Exports:
Canada:
Automobiles, assembled
number. .
Passenger cars
number
United States:
Automobiles, assembled, total §
number __
Passenger cars§
number
Trucks§
_ _ .number
Financing:
Retail purchasers, total
_thous. of dol
New cars,
thous. of dol.
Used cars
thous of dol
Unclassified
. _ tbous. of dol_.
Wholesale (manufacturers to dealers)
thous. of dol
Fire-extinguishing equipment :f
Shipments:
Motor- vehicle apparatus
number..
Hand-types
number
Production:
Automobiles:
Canada, total _
. . . number _
Passenger cars. .
number.
United States, totalf
number
Passenger carsf -number.
Taxicabs*
number..
Trucksf - -. -- number
Automobile rims
thous. of rimsRegistrations:
New passenger carsf number.
New commercial cars*
number
Sales:
General Motors Corporation:
To consumers
. number
To dealers, total^
number _
U. S. dealers
number
Shipments, accessories and parts, total*
Jan. 1925=100Accessories, original equipment
Jan. 1925=100Accessories to wholesalers. -Jan. 1925=100
Replacement parts .
Jan. 1925=100
Service equipment
Jan. 1925=100

4,777
3,643

3,343
2,285

3,778
2 754

1,929
1 140

641
367

1, 585
1 366

4,858
4 342

9, 355
6 665

6, 356
5 194

6,499
5 088

4,829
3,276

5,070
3,579

5,995
4,100

12, 703
5 622
7 081

17, 766
10, 236
7,530

15, 552
8 040
7 512

16. 280
9 °08
7 072

15, 420
8 279
7 141

17, 626
11 035
6 591

21,827
15 067
6 760

29, 806
20 9^6
8 820

26, 433
18 341
8 092

19, 895
13 604
6,291

26, 270
16,517
9,753

25, 026
14 752
10, 274

20, 073
10 076
9 997

67, 209
43, 250
22 708
1,252

68 224
42 738
24 127
1,360

55
33
20
1

303
784
399
120

43 789
24, 761
18 016
1,012

56 152
35 937
18 055
1 260

66 419
42 779
29 285
1 355

95 184
61,722
31 607
1,856

113 096
73 0*8
37 929
2 039

107 821
67,631
38 227
1,963

106, 174 °113, 125
66,913 a 71, 665
37 237 a 40 274
2,025 a 1 186

100 720
62, 659
36 973
1 089

55, 586

45 363

29 730

36, 530

93 830

106 054

145 574

159 930

132 074

118, 73?

a

l!9 100

92 929

49
28 362

39
23, 056

31
24 007

25
31 219

40
21 536

30
25 169

22
20 697

36
21 713

47
29 796

40
34 585

54
34 692

29 571

38
32 534

5 323
3,819
89 805
57 285

5,579
4,211
170 007
125, 040

3 780
2, 125
131 991
84 003

1 697
1 0.52
83 482
49 020

2 694
2,443
153 624
111 061

121
686
746
628

20 765
1 7, 093
364 727
307 522

15, 745
12, 276
361 321
296 609

32 520
1 052

44, 967
526

47 988
630

34 462
578

42 563
1,199

63 584
1 869

60 077
1 gig

68 018
1 724

76 118
1 907

57 205
1 561

64 712
1 428

157 094
43 234

146,931
37, 225

140, 880
40 878

107 648
28 689

75 514
24 125

136 635
34 759

170 615
34 797

261 477
41 511

319 652
46 785

293 ?01
47 9f>8

280 360
48 243

2R,5 184
51 2^3

233 851
50 355

66 547
39 152
22 986

71, 648
71,888
53 738

69 090
72 050
50 514

go 752
61 037
39 048

41 530
41 594
28 344

54 105
98* 968
75 7°7

77 297
19]' 146

126 691
169 309
132 622

143 909
184 05Q
152 946

109 051
134 597
105 159

137 782
181 188
150 863

108 645
167 790
139 021

127 346
124 680
103 098

10
8
292
229

607
269
817
233

18
13
33 1)
275

114
885
7QQ
623

92 907

21
18
429
361

975
179
834
816

24
20
477
401

13
9
337
276

069
471
044
084

60 960
l' 339

7
5
240
182

692
524
051
389

57 662
798

81

79

77

99

113

123

135

147

132

119

114

92

71
101
129
60

66
107
135
61

66
124
123
56

101
110
103
55

115
92
P6
65

123
102
145
70

142
101
144
72

156
110
144
88

132
13°
148
83

102
103
131
82

113
95
138
81

85
126
124
75

RAILWAY EQUIPMENT
Equipment condition:
Freight oars owned:
Capacity
mills, of lb_. 178,689 186, 117 185, 497 184, 898 183, 363 182, 685 182,117 182, 773 181. 396 180, 559 180, 114 179, 556 a 179, 203
Number, total
thousands _
1,932
1,907
1,851
1,938
1 925
1 8Q2
1 873
1 868
1 900
1 888
1 857
1 S83
1 861
Bad order, total
...number.. 284, 427 296, 418 297, 546 295, 947 290, 709 285, 256 277, 451 274, 775 284, 728 283, 310 276, 535 281, 262 285, 320
Percent of total in bad order
15.5
15 5
15 6
15 5
15 6
15 2
14 9
14 8
15 4
15 4
15 0
15 3
15 6
Locomotives, railway:
Owned:
Tractive power
mills, of lb_. 2,215
2,285
2,278
2,271
2,251
2,222
2, 232
2,243
2, 236
2.231
2,228
2,222
« 2, 219
47 329
Number
number
47, 782
45 686
47 553
46 869
46 363
46 237
46 099
46 636
45 910
45 821
46 192
45 8^3
Awaiting classified repairs .number.. 10, 335 10, 616 10, 676 10, 718 10, 344 10,419 10, 423 10, 389 10, 537 10^ 582 10, 541
10, 403
10, 557
Percent of total .
22 2
22 5
22 6
22 1
22 7
22 3
22 5
22 5
23 0
22 7
22 8
23 0
23 0
Installed..
number
62
86
48
68
81
80
63
64
45
62
57
92
60
Retired
number
291
221
475
543
292
337
261
171
106
156
122
246
119
Passenger cars:
On railroads (end of quarter) ..number..
44, 363
43, 342
42, 428
41 986
Equipment manufacturing:
Freight cars:
Orders, new, placed by railroads.. .cars. .
4
110
75
4
360
24
806
2
0
5,151
600
100
500
Orders, unfilled, total
cars
5,495
7,440
3,080
628
1 771
o 427
427
818
444
1 477
7 259
1 447
2 173
E quipment manufacturers
... cars. - 5,775
3,422
1,795
53
959
113
399
30
414
5,841
549
533
427
Railroad shops
cars.. 1,665
2,073
1,285
812
575
419
314
414
914
928
2,013
1,418
1,746
Shipments, total
cars..
29
3,331
1,788
999
768
121
99
143
1,031
334
17
66
40
Domestic
cars..
3,329
27
1,768
995
748
99
65
143
162
401
17
66
38
Locomotives, industrial electric (quarterly):
Shipments, total.. _
number-87
51
63
39
61
Mining use
number
50
87
63
30
54
Locomotives, railway:
Orders, new, placed by railroads
number..
1
7
5
1
69
0
0
8
2
2
0
3
5
Orders, unfilled, end of month:
Equipment manufacturers (Census}
Xq
OQ
total _
number
127
36
118
127
127
102
115
91
83
43
68
Domestic, total
number. _
34
115
106
121
125
109
97
86
62
32
77
37
36
Electric
number..
22
56
56
89
101
84
96
78
74
61
24
34
28
g
•»
Steam
number
12
50
59
36
20
13
13
Railroad shops (A. A. R.)._ .number..
11
0
0
0
0
0
0
1
1
8
2
4
2
Shipments:
11
11
4
3
6
Domestic, total
number
13
16
21
12
13
16
17
27
3
3
g
11
g
2
2
o
Electric
number
97
12
14
I
g
7
Q
Steam
number
10
16
18
9
g
g
4
g
5
g
Exports, totalf
number
22
28
13
Electric
_
number..
5
8
3
17
3
4
6
12
7
12
1
1
9
7
Steam
number
11
1
1
i
i
4
0
3
3
in
n
n
0
« Revised.
* New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars.
t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; p. 55 of the June 1933 issue for 1932 exports and
p. 20 of the September 1934 issue for 1933 exports of locomotives. Data on automobile production revised for 1933. See p. 55 of the August 1934 issue. For revised data
for 1934 see pp. 55 and 56 of the June 1935 issue.
J Index of sales of new passenger cars is shown on p. 26 of this issue.
§ Data revised for 1932. See p. 54 of the June 1933 issue. Data revised for 1933. See p. 20 of the September 1934 issue.
• Taxicabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual companies.
T United States and Canadian dealers, plus overseas shipment.




SURVEY OF CURRENT BUSINESS

60

1935
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novem- Decem- January Februin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber
ary

November 1935
1935

March

April

May

June

July

August

TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT— Contd.
Equipment manuufacturing— Continued.
Passenger cars:
Orders, new, placed by railroads
number. _
Orders, unfilled (end of quarter)
number. _
Shipments, total
number..
Domestic
number.
ELECTRIC TRUCKS AND
TRACTORS
Shipments, industrial, total...- .-..number..
Domestic
number. _
Exports
number .
SHIPBUILDING
United States:
Merchant vessels:
Under construction. thous. of gross tons__
Completed during month
total cross tons. _
Steel
total gross tons. _
World (quarterly):
Launched:
Number
-- ships. _
Tonnage
thous. of gross tons. _
Under construction:
Number
ships. _
Tonnage
.thous. of gross tons..

0

0

0
0

193
38
38

80
72
8

39
36
3

0

0

0

41
41

2
2

182
44
29

45
43
2

24
23
1

50
45
5

0

0

0

61
61

10
10

76
«11
°11

42
42
0

58
57
1

59
56
3

0

0

0

0

41
41

9
9

68
12
12

13
13

45
45

75
70
5

67
65
2

53
48
5

76
74
2

78
76
2

56

76

32

33

49

50

38

36

30

20

20

20

31

72

15, 860
8,464

49, 975
1,601

2,441
1,555

2,370

2,430

3,103
2,097

4,483
3,740

14,610
11,344

12, 640
8,543

22, 026
15, 801

5,928
2,189

4,530

4,305

260

129
307

1,198

1,311

107.9
110.3
69.8
206.2
102. 7
111.8
165.8
101.3
72.1
100.3
80.5
122.8

858

447
124
384

325

1,252

45

135
323

112
319

271

296

957

330

1,283

1,270

CANADIAN STATISTICS
Business indexes: *
Physical volume of business
1926=100..
Industrial production, total _ _ 1926= 100. _
Construction tl
1926= 100. _
Electric power
1926—100
Manufacturing
1926= 100. .
Forestry
.
1926= 100. _
Mining f
. . 1926 =100
.
Distribution
_
1926= 100. _
Carloadings
1926= 100. _
Exports (volume)
.1926=100..
Imports (volume)
_. .1926= 100. _
Trade employment .
1926= 100. _
Agricultural marketing
. _ 1926= 100. _
Grain marketings
1926=100..
Livestock marketings
_ _ 1926= 100. _
Commodity prices:
Cost of living index<?
----- 1926 =100..
Wholesale price index #
1926= 100. _
Employment, total (first of month)_1926= 100. .
Construction and maintenance .1926 =100..
Manufacturing
1926=100
Mining
~.1926=100..
Service
.1926= 100. _
Trade
1926= 100. _
Transportation
1926—100
Finance:
Banking:
Bank debits
.mills, of dol _
Interest rates
1926—100
Commercial failures *
number
Security issues and prices:
New bond issues, totaL — -thous. of dol__
Bond yields...
percent. _
Common stock prices, total f .1926= 100. _
Foreign trade:
Exports
„
— _ thous. of doL.
Imports
thous. of doL _
Exports, volume:
Wheat
thous. of bu_ _
Wheat
flour
thous. of bbL.
Railway statistics:
Carloadings
thous. of cars. _
Financial results:
vjpeirtiiug iw e ^w -fVj^ijq nf dnl
v^percuiug w pe e
thnns* of dnl
Operating results:
Pas^8ii2ers carried 1 milo mills of pass
Commodity statistics:
Production:
Electrical energy, central stations
mills, of kw.-hr..
Pig iron
thous. of long tons..
Steel ingots and castings
thous. of long tons..
Wheat
flour
thous. of bbl__

101.9
102.5
52.1
191 9
100.0
103.7
144.7
100.1
69.6
92.7
77.6
123.6
114.2
119.5
90.2

97.1
97.5
40.4
162.7
99.5
93.8
132.9
96.2
67.0
82.8
73.5
119.8
127.7
139.0
76.7

95.9
95.5
37.2
170.4
94.8
100.3
143.5
97.2
68.7
85.3
78.2
119.5
61.2
57.9
75.7

96.5
97.0
42.2
181.4
96.0
104.1
137.5
95.2
65.9
60.6
85.3
119.3
51.2
46.3
72.8

92.4
91.0
30.6
188.8
91,8
110.3
121.8
96.1
65.7
61.6
72.6
123.8
36.0
29.0
67.3

97.5
97.8
73.4
189.7
88.9
95.7
140.4
97.1
75.8
70.1
71.3
118.9
30.6
19.3
81.5

100.6
101.1
76.9
188.9
92.5
95.2
143.5
99.4
78.3
79.2
70.7
120.7
62.2
55.2
93.4

94.2
93.3
61.3
190.5
86.8
93.1
143.4
96.8
73.3
73.8
65.6
120.5
65.4
57.7
100.0

98.3
97.7
37.9
195.9
94.0
99.0
156.4
100.0
79.1
81.5
71.5
121.0
91.8
91.7
92.0

103.2
104.4
38.1
198.1
105. 1
108. 7
147.6
100.5
73.4
84.1
84.0
121.2
86.3
85.4
90.6

99.2
99.7
43.7
197.4
98.4
105.7
138.4
97.8
70.6
69.9
74.6
122.6
106.1
112.3
78.2

103.0
104.0
58.1
199 4
101.7
100.7
135.3
100.2
75.0
78.6
79.8
122.3
164.7
183.4
80.4

79,3
72.3
102.7
110.9
100.8
128.6
127.8
121.8
85 8

• 78.8
•71.9
98.8
118.1
94.3
112.4
125.5
117.1
83.6

•79.1
71.4
100.0
117.0
94.4
117.9
116. 2
120.0
84.8

«79.3
71.2
100.2
111.0
92.8
121.2
114.9
121.3
83.9

«78.9
71.2
98.9
100.3
91.3
122.9
115.2
126.0
80.1

°78.8
71.4
94.4
87.9
87.4
119.1
115.2
130.6
76.2

«78.9
71.9
94.6
87.2
90.1
120.3
111.9
116.6
76.2

«78.8
72.0
96.4
94.2
92.7
118.8
111.7
116.7
76.5

«78.6
72.6
93.4
80.2
93.9
117.7
111.4
117.4
76.3

« 78.6
72.3
95.2
84.7
95.6
116.2
116.4
119.3
80.1

«78.8
71.5
97.6
89.5
98.4
119.2
118. 5
119.9
79.9

78.8
71.5
99.5
101.1
98.5
121.5
123.6
122.1
82.7

79.4
71.6
101.1
104.7
99.8
125.2
127.9
120.7
85.4

2,426
88 3

2,581
82.0
113

3,410
82.9
130

3,092
81.0
119

3,040
76.2
124

2,682
76.2
107

2,089
78.3
130

2,236
79.5
124

2,367
80.8
107

3,132
78.5
101

2,710
80.4
109

2, 545
80.2

2,498
79.7

194, 866
3.96
93.6

16, 945
3 93
83.8

271, 065
3.97
85.2

5,248
3.88
86.0

48, 883
3.65
86.2

35, 363
3.65
88.6

25, 495
3.75
87.8

16, 378
3.81
84.4

72, 022
3.87
86.4

66, 526
3.76
93.6

65, 151
3.85
93.8

59, 523
3.84
92.4

122, 325
3.82
94.7

66, 152
44, 689

58, 815
42, 208

68, 313
47, 229

65, 677
49, 884

61, 395
39, 108

44, 374
37, 229

47, 677
37, 044

59, 026
48, 191

52, 763
38, 296
62, 947
36, 637 " 54, 540 « 46, 732

57, 786
48, 414

71, 700
49, 560

17, 273
396

17, 588
369

21, 808
486

18, 770
504

17, 336
341

5,380
346

7,207
310

8,906
497

9,158
395

21, 698
377
197

5,027
277

11, 990
383

6,495
430

" 163. 9

<» 181. 2
86.6

212

243

211

172

182

180

187

185

188

186

195

27 605
21 688
4 998

29 151
21 453
6 746

25 702
19 916
4,797

24 778
19 902
3,629

20 953
20d 475
419

21 579
19 676
937

23 847
20 865
2 114

24 482
20, 563
2,990

24 529
21 839
1,781

24 049
22 455
691

2o 1^7

22, 754
2,442

2 366
134

2,561
106

2,226
94

1,739
136

1, 576
115

1,685
105

1,858
133

1,797
125

1,720
124

1,860
134

2,041
157

1,919
54

1,627
43

1,853
47

1,954
39

2,053
42

2,013
44

1,803
37

1,944
45

1,881
43

1,923
45

1,816
45

1,791
51

1,851
54

91
1,535

57
1,383

58
1,654

57
1,704

59
969

60
1,025

56
941

58
1,046

69
966

73
1,164

73
992

86
992

82
1,161

221

a
Revised.
^Data for 1934 revised See p. 56 of the May 1935 issue.
*New series. For earlier data see p. 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures.
tRevised series. See p. 55 of the April 1934 issue, construction, and mining for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue.
# Number of commodities changed from 502 to 567 beginning with month of January 1934.
<? Data revised January 1932 through July 1933. Revision for 1932 see p. 55 of the November 1933 issue. For final revisions for 1933 see p. 56 October 1934 issue.
d
Deficit.




INDEX TO MONTHLY BUSINESS STATBSTECS
Page
Abrasive paper and cloth
_
54
Acceptances
31,32
Accessories, automobile
.
59
Advertising
25, 26
Africa, United States trade with
36,37
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
.
31,32
Air-conditioning equipment
51
Air mails
26
Airplanes
38,59
Alcohol, denatured, ethyl, methanol
38,39
Aluminum
.
52
Animal fats, greases
39,40
Anthracite industry
22,29,45
Apparel, wearing
28,30,57
Argentina, United States trade with; exchange; flaxseed stock
33,36,37,40
Asia, United States trade with
36,37
Asphalt
47
Automobiles
22,26,27,28,30,59
Babbitt metal
52
Barley
42
Bathroom fixtures
50
Beef and veal
-44
Beverages, fermented malt liquors and distilled spirits
41,42
Bituminous coal
22,30,45,46
Boiler and boiler
fittings
50
Bonds, prices, sales, value, yields
35
Book, publication
54
Boxes, paper, shipping
54
Brass
53
Brazil, coffee; exchange, United States trade
with
33,36,37,44
Brick
_
_
56
Brokers' loans
32
Bronze
53
Building contracts awarded
24,25
Building costs
25
Building materials..
_
24,48,49
Business activity index (Annalist)
22
Business failures
32,33
Butter
_
-.42
Canadian statistics
60,61
Candy
45
Canal traffic.
38
Capital issues
35
Carloadings...
22,37
Cattle and calves
44
Cellulose plastic products
41
Cement__I
22,27,28,30,56
Chain-store sales
26,27
Cheese
42
Chile, exchange, United States trade with. 33,36,37
Cigars and cigarettes
45
Civil-service employees
29
Clay products
— 23,27,28,30,56
Clothing
24,28,30,57
Coal..
22,29,45,46
Cocoa

44

Coffee __
23,24,44
Coke
46
Collections, department stores
26
Commercial paper
31,32
Communications
38
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
30,31
Copper
52
Copper wire cloth
53
Copra and coconut oil
40
Corn
___
43
Cost-of-living index
23
Cotton, raw and manufactures
23,24,57
Cottonseed, cake and meal, oil
40
Crops
23,40,42,43,57
Dairy products
23,24,42
Debits, bank
32
Debt, United States Government
34
Delaware, employment, pay rolls
28,30
Department-store sales and stocks
27
Deposits, bank
32
Disputes, labor
29
Dividend payments
35,36
Douglas fir
48
Earnings, factory
__
29,30
Eggs
23,44
Electrical equipment
51
Electric power, production, sales, revenues. 22,41
Electric railways
36
Employment:
Cities and States
23
Factory
27,28
Nonmanufacturing
29
Miscellaneous
29
Emigration
38
Enameled ware
50
Engineering construction
25
England, exchange; United States trade
with
33,36,37
Exchange rates, foreign
33
Expenditures, United States Government—
34
Explosives
39
Exports
36,37
Factory employment, pay rolls
27, 28, 29,30
Failures, commercial
32,33
Fairchild retail price index
23




Page
Fares, street railways
37
Farm employees
29
Farm prices, index
23
Federal Government, finance
34
Federal-aid highways
25,29
Federal Reserve banks, condition of
32
Federal Reserve member bank statistics
32
Ferti lizers .
39
Fire-extinguishing equipment
..
59
Fire losses
25
Fish and fish oils
39,45
Flaxseed
40
Flooring, oak, maple, beech, and birch
48
Flour, wheat
43
Food products
_ 22-25,28 ,30,41
Footwear
_ _ 47,55
Foreclosures, real estate
,__
25
Foreign trade, indexes, values.
36,37
Foundry equipment
51
France, exchange; United States trade with.
33,
36,37
Freight cars (equipment)
.
27,59
Freight carloadings, cars, indexes
37
Freight-car surplus
_
37
Fruits
23,42
Fuel equipment
51
Fuels
45,46
Furniture
49
Gas, customers, sales, revenues
41
Gas and fuel oils
46
Gasoline
46
General Motors sales
59
Glass and glassware
22,27,28 ,30,56
Gloves and mittens
.
47
Gold
_.
34
Goods in warehouses
.
26
Grains..
23,24, 42,43
Gypsum
.
56
Hardwoods
.
„
48
Heels, rubber
.
55
Hides and skins
.
24,47
Hogs
_
44
Home loan banks, loans outstanding
25
Home Owners' Loan Corporation
25
Hosiery
57
Hotels
29 30,38
Housing
23
Illinois, employees, factory earnings
28 ,30,31
Imports
37
Income-tax receipts
34
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
33
Interest payments
.
35,36
Interest rates
32
Investments, Federal Reserve member banks
32
Iron, ore; crude; manufactures
22,49
Italy, exchange; United States trade with. 33 ,36,37
Japan, exchange; United States trade with.
33,
36,37
Kerosene
46
Labor turn-over, disputes
29
Lamb and mutton
44
Lard
_
44
Lead
_
52
Leather
22-24,28 ,30,47
Leather, artificial
.__„___
58
Liberty bonds
35
Linseed oil, cake, and meal
40
Livestock
23,24, 43,44
Loans, agricultural, brokers', time, real estate
31,32
Locomotives
59
Looms, woolen, activity
58
46
Lubricating oil
Lumber
22, 24, 27-29,,48,49
Lumber yards, sales, stocks
48
Machine activity, cotton, silk, wool
57,58
Machine tools, orders
52
Machinery
_
.
27-29,,51,52
Magazine advertising
25
Manufacturing indexes
22
Marketings, agricultural
23
Maryland, employment, pay rolls
29,30
Massachusetts, employment, pay rolls
28,30
Meats
.
43,44
Metals
22-24,27,28,30 ,49,52
39
Methanol
Mexico:
Silver production
34
United States trade with
36,37
Milk
42
Minerals
22,,45,52
Money in circulation
34
National Industrial Recovery Act, highway
construction
25
39
Naval stores
Netherlands, exchange
33
29,31
New Jersey, employment, pay rolls
54
Newsprint..
New York, employment, pay rolls, canal
traffic
28, 29,38
35,36
New York Stock Exchange
34
Notes in circulation
43
Oats
36,37
Oceania, United States trade with
29
Ohio, employment
38
Ohio River traffic
39,40
Oils and fats

Page
Oleomargarine
40
Paints
..
40
Paper and pulp
_
22,23,28,30,53,54
Passenger-car sales index
26
Passengers, street railways; Pullman .
37,38
Passports issued. _
.
38
Pay rolls:
Factory
29
Factory, by cities and States
30
Nonmanufacturing industries
30;
Pennsylvania, employment, pay rolls
29,30
Petroleum and products
22, 24, 28-30,46
Pig iron
22,49
Pork
_.
44
Postal business
26
m
Postal savings
32
Poultry
_
. 23,44
Prices:
Cost of living, indexes
23
Farm ipdcxes
23
Retail indexes
23
Wholesale indexes
24
World, foodstuffs and raw material
24
Printing
_
_ 22,54
Production, industrial
22
Profits, corporation
.
34
Public
finance
34
Public utilities
.
29,36
Pullman Co
38
Pumps
52
Purchasing power of the dollar
24
Radiators
50
Radio, advertising
25
Railroads; operations, equipment, financial
statistics.
37,38,59
Railways, street
37
Rayon
..
.
57
Reconstruction Finance Corporation, loans
outstanding
34
Refrjgerators, household
53
Registrations, automobiles
59
Rents (housing), index
23
Retail trade:
Automobiles, new, passenger
26
Chain stores:
5-and-10 (variety)
26
Grocery
26
Department stores
27
Mail order
__
27
Rural general merchandise
27
Roofing
41
Rice
__
43
Rubber, crude; scrap; clothing; footwear;
tires
22-24,28,30,55
Rye
_
43
Sanitary ware
50
Savings deposits
32
Sheep and lambs
44
Shipbuilding
_
22,27,28,30,60
Shoes
22,24,28,30,47
Silk
23,24,54
Silver.
22,34
Skins
47
Softwoods
- 48,49
Spain, exchange
33
Spindle activity, cotton
57
Steel, crude; manufactures
22,49,50
Stockholders
—
36
Stock indexes, domestic and world
23
Stocks, department stores
.
27
Stocks, issues, prices, sales, yields
36
Stone, clay, and glass products
22,
23,27,28,30,5^
Sugar
23,24,45
Sulphur
39
Sulphuric acid.
39
Superphosphate
39
Tea
23,24,45
Telephones and telegraphs
38
Terneplate
51
Terra cotta
___
56
Textiles, miscellaneous products
58
Tile, hollow building
56
Timber
48,49
Tin and terneplate
23,24,51
Tires
— 22,24,28,30,55
Tobacco
22,25,28,30,45
Tools, machine
52
Trade unions, employment
29
Travel
38
Trucks and tractors, industrial electric
60
United Kingdom, exchange; United States
trade with
33,36,37
Uruguay, exchange
33
United States Steel Corporation
31,36,51
Utilities
29,30,34,35,41,59
Vacuum cleaners
53;
Variety-store sales index
26
Vegetable oils.
39,40
Vegetables
23,42
V/ages
30,31
Warehouses, space occupied
26
Waterway traffic
38
Wheat and wheat
flour
23,24,43
Wholesale prices
24
Wisconsin, employment, pay rolls
29,30
Wood pulp
53
Wool
22,58
Zinc
22, 52




valuable source book of authentic statistical data for Industrial
and Commercial Organizations, Economists, and Students, covering every
phase of the imports of the United States . . .

Foreign Commerce and Navigation
of the

United States
For the Calendar Year 1934
Volume I-IMPORTS

The following table titles indicate the wide scope of
import data presented in this volume
Imports for consumption, by articles and countries, with rates of duty and calculated
amounts of duty collected in 1934
Imports for consumption, by articles and customs districts, 1934
Import trade J^of the United States with the world, by countries and articles, general
imports 1932, 1933, imports for consumption, 1934

Note.—It is expected that Volume II, Exports,
will be available for distribution about December 15, 1935; price, $2.00 per copy.

382 Quarto Pages

Bound in Buckram

$1.75 per copy

Copies of this publication may be obtained from the Superintendent of Documents, Government
Printing Office, Washington, D. C., or any district office of the Bureau of Foreign and
Domestic Commerce, United States Department of Commerce