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NOVEMBER 1936

SURVEY
OF

CURRENT BUSINE

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE




WASHINGTON
VOL U.ME 16

NUMBER 1 1




The Past Decade . . .
has witnessed a phenomenal growth in the
manufacture of organic plastics and today such
products have a varied and rapidly expanding
use. . . . Production of synthetic resins was
more than trebled in the 3 years 1932 to 1935
and during 1936 the rapid rise has continued.
. . . Production of cellulose plastic products
has followed a similar trend, although the expansion in the production of sheets, rods, and
tubes (the raw material) has not been so rapid
in recent years as the increase in synthetic
resins. . . . These products are utilized in
the manufacture of such widely diversified
items as lacquers, safety glass, imitation leather,
radio parts, automobile accessories, toilet ware/
and fountain pens.
The article on page 14 by T. W. Delahanty,
Assistant Chief of the Chemical Division,
stresses the growth and importance of this relatively new development in the industrial field.

UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCE
ALEXANDER V. DYE, Director

SURVEY OF
CURRENT BUSINESS
Prepared in the

DIVISION OF ECONOMIC RESEARCH
ROY G. BLAKEY, Chief
M. JOSEPH MEEHAN, Editor

Volume 16

NOVEMBER 1936

Number 11

CONTENTS
SUMMARIES AND CHARTS

STATISTICAL DATA—Continued

Business indicators
Business situation summarized
Graphic comparison of principal data
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Transportation

Page
2
3
4
5
6
7
8
9
10

Review of the—
Automobile and rubber industries
Iron and steel industries
Textile industries

11
12
13

SPECIAL ARTICLE
Plastics—Products of ever-widening utility

14

STATISTICAL DATA
New and revised series:
New series: Employment and average hourly wages, class I railways, 1921-36; factory employment and pay rolls in Wilmington, Del., 1923-36
20
Revised series: Life insurance—new business written and prem i u m collections, annually 1913-22, monthly 1923-36
17, 18, 19
Weekly business statistics through October 24

21

Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metals and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products
Transportation equipment
Canadian statistics
General index

Subscription price of the SURVEY OF CURRENT BUSINESS is 31-50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, $3, including weekly supplements. Make remittances only to
Superintendent of Documents, Washington, D. C.




Page
22
23
24
25
27
31
36
37

39
41
42
45
47
48

49
51
52
53
55
56
57
58
60
Inside back cover

SUEVEY OF CUERENT BUSINESS

November 1936

Business Indicators
1923-25=100
INDUSTRIAL PRODUCTION
125

FACTORY EMPLOYMENT AND PAYROLLS
125

\

100

100

\

^\

75

1

EMPLOYMENT (Adjusted) *

\

75

L*

50

25

25

0

i w 111111 it

i ii1 ii 1111 ii
i 1 1 1 1 I1 1 M

CONSTRUCTION CONTRACTS AWARDED
125

100

100
L.C.L. (Adjusted)-,

75
^

50

—

i i n i | I I | i I i i i i i 1 i i i 11 11 1 1 1 M i l l

FREIGHT CAR LOADINGS

\

•

PAYROLLS ^Unadjusted)

0

125

75

^

\*
\

Adjusted ®

50

<*~

^

50

TOTAL (Acfjus ted)*

25

25

RES/DENTtAL (Adjusted)

0

1 ! I 1 1 1 1 1 1 I 1I M
1 11 1 I I 1 I I1 i i 111 I M 11

0

i i I i I i 1 i i i i 1 i i I i i 1 i i I l i

DEPARTMENT STORE SALES

WHOLESALE PRICES

125

125

100

100

\ \

75

75

TOTAL
(Adjusted)

50

50

25

25

0

i i i I 1 1 i 1 1

1 1 1 1 1 ! 11 1 1 1

1 |||ih ii M

n

BANK DEBITS OUTSIDE NEW YORK CITY

isor

125

125
100
TOTAL •

\
7

75

75

50

50

otl929'30 3r32'33
$

(Commercial)

1934

1
,,, i, I,,, i ,T
1935
1936

ADJUSTED FOR SEASONAL VARIATION




^S^/^

<***+*** FARM PROOUCTS

ii M I I I I II I i i I l i 1 i i l I i 1 1 1 1 1 1 1 ! 1 1 1

FEDERAL RESERVE MEMBER BANK LOANS*

\

J
\

150

100

ALL COMMOLVT/ES

s\

\

f !

ot_l
I9Z9'3O'3I'32*33

* REPORTING MEMBER

BANKS

I

I i 1 I ! i I i 1 1 II 11 1 1 1 I 1 1M1 1 1 1 1 I I 1 M l

1934

1935

1936
D.D. 8639

J.M.

SURVEY OF CURRENT BUSINESS

November 1936

Business Situation Summarized
activity during October has been stimuBUSINESS
lated by crop marketings, the seasonal rise in retail

An extension of the increase in the output of the
machinery industries is indicated by current data;
sales, the revival of activity in the automobile manu- machine-tool production increased, although the volfacturing industry, and the rise in employment and con- ume of new orders was lower than in August.
sumer income which normally occurs during this period.
The most marked change in the October production
Industrial production has been maintained at the rela- series was in the automobile industry, but here the adtively high level of September, the available data sug- vance was retarded by delays in resuming volume progesting but slight change in the seasonally adjusted duction after temporary shut-downs. Steel output
index for the month. In September, the Federal Re- increased. Further expansion in the coal industry was
serve's preliminary index of industrial production ad- one of the influences contributing to the extraseasonal
vanced slightly to 109 (1923-25-= 100), as a result of rise in freight traffic during October; however, the
the more than seasonal increase in mineral production. increase in loadings to a fall peak which is the highest
The seasonally adjusted index of manufactures was un- since 1930 reflects more generally the broad improvechanged from the August figure of 110 which was the ment in business which has occurred in recent months.
highest for the recovery period.
Aggregate employment in September showed a large
Changes in the seasonally corrected September pro- increase, in accordance with seasonal tendencies. This
duction indexes for the major manufacturing industries rise was accompanied by an extension of the upward
in general were not large. Pig-iron production in- trend of pay rolls. Increased employment was noted
creased, but the decline in steel-ingot production in the construction industry, although the volume of
caused the adjusted index for the iron and steel indus- new contracts awarded declined.
try to drop for the first time since February. ExpanCash farm income in September increased over the
sion in the textile industry approximated the usual August total, after seasonal adjustment, but was lower
seasonal change; automobile production was about than in June and July. The October crop report of
halved by the shift to new models, although the adjust- the Department of Agriculture stated that heavy rains
ed index dropped only moderately; plate glass, cement, had caused a remarkable revival in the condition of
and lumber production increased after seasonal correc- pastures, but had come too late to have much effect on
tions; and there was a marked rise in cigarette output. this year's crop output.

MONTHLY BUSINESS INDEXES
Factory emFreightployment
and pay rolls car loading

i

fact

i

1

>tal

fact
3

•a

9 e

il

V

a

525

Monthly average, 1923-25=*100
1929:
1930:
1931:
1932:
1933:
1934:
1935:

1936:

September
September
September
September
September
September
September
October
November
December.-

January
February
March
April
._
May
June
July
August
September
M o n t h l y average,
January
through
September:
1934
1935
1026___

!

Cash farm
income 3

3*

3

3

II

il

rts

Tear and month

MerchanTotal dise,
I. c. I.

Adjusted

i

Foreign
rade, valu2 ,
adjusted

its, o
ork C

adjusted 1

Retail sales
value,
adjusted

ank

Industrial production

4

f

P
Monthly
Monthly
1929-31
average,
average,
Monthly average, 1923-25=100
= 100
1924-29=100 1926=° 100
113 T34TT
110
115 138.3
110 122.0 103.0
93.2
99
84.4
78
74 107.7
82 92.5 -0.5
70.0
85
71.2
45
55
84. 3
59 53.0 49.5
61.8
65.3
33
32
59.6
30 46.5 41.5
73.9
70.8
40
48
61.9
30 58.0 50.0
77.6
48
43
65.3
30 73.5 62.5

123
92
77
67
85
73

123
90
76
66
84
70

127
101
83
74
94
87

121
90
76
66
84
71

121
89
75
65
83
69

118
94
78
71
87
82

106. 3
87.0
75.2
61.8
78.0
74.0

112.9
84.1
63. 4
42.7
58.8
57.6

106
87
69
54
60
59

106 i
95
85
69
68
64

90
97
97
96

89
96
98
95

92
100
95
96

91
95
96
101

92
95
97
101

87
93
92
101

81.9
83.7
84.8
85.6

71.7
74.3
73.7
75.6

62
64
66
71

65
64
64
66

104.8
104.6
103.7
109.8

50
48
62
56

53
58
52
58

76.1
85.4
84.6
94.7

43
48
60
67

76.5
95.0
79.0
72.5

66.0
69.0
19.5
67.0

80.7
80.5
80.6
80.9

95
95
96
103
105
104
104
106
107

95
93
97
105
105
105
105
106
107

99
106
89
94
100
100
101
104
109

97
94
93
ICO
101
104
108
108
109

96
92
93
100
101
105
109
110
110

103
110
95
105
101
99
101
98
101

84.8
83.8
84.2
84.9
85.8
86.3
87. 7
88.9
88.9

71.9
72.0
75.5

70
70
66
69
70
70
73
70
72

64
62
62
63
64
66
67
67
67

96.3
93.0
106.7
109.9
113.3
112.4
114. 7
111.9
123.6

51
53
51
53
56
55
54
51
55

57
60
55
58
58
62
65
62
70

88.7
80.0
90.6
88.7
86.2
95.7
94.4
86.7
89.2

61
52
47
47
46
52
59
62
61

65.0
53.0
59.5
58.5
64.0
69.5
84.0
75.0
89.0

66.5
63.0
67.5
69.5
72 5

80.6
80.6
79.6
79.7
78.6
79.2
80.5
81.6
81.6

81
88
102

80
88
102

86
89
100

62
62
70

66
64
65

74.6
86.9
98.7

46
41
51

43
52
61

68.9
77.7
88.9

33
32
53

53.8
58.0
68.6

1

1
 Adjusted for number of working days.


1

77.2
78.5
78.7
77.8
81.1
81.0

87.9 i 61.6
81.3 ! 67.9
85.9 i 77.1
2

Adjusted for seasonal variation.

sao

88.0
74.5
77.5

s From marketings of farm products.

74.4
79.8
80.2

SURVEY OF CURRENT BUSINESS

November 1936

Graphic Comparison of Principal Data
F/RST 3 MONTHS

Y/////TA

REMAINDER OF YEAR

BANK DEBITS OUTSIDE NEW YORK CITY — (B/LL/ONS
50

0

\l )0

l(

2(30

2 50

1936
1935
1934
1933
1932
1929

1929

3 00

1

0

1936
1935
1934
1933
19 32

OF DOLLARS)

CONSTRUCTION CONTRACTS
2

s

IHI

3

— (BILLLOA/S OF DOLLARS)
4
5

mm / / /.'///A
]
777\

STEEL INGOT PRODUCTION — (MILLIONS OF TONS)
10

0

20

30

40

50

19 36
1935
1 9 34
1933
1932
—
19 29

-

P777I

AUTOMOBILE PRODUCTION--(MILLIONS OF CARS)
>

D

19 36
1935
1934
1933
! 932

1

SI

1929 =
0
19 36
19 35
19 34
1933
1932
1929




FREIGHT CAR LOAD IN GS — (MILLIONS OF CARS)
4<3
30
I0
20

L.

50

,.. . .,
D.D. 6638 JM

SURVEY OF CURRENT BUSINESS

November 1936

Commodity Prices

T

HE 6-year high reached in August by the Bureau corn, hogs, lambs, butter, and cheese. Feed grain
of Labor Statistics monthly index of wholesale prices declined following general rains in September.
prices was maintained in September, and the weekly Continued early marketing of hogs, however, with
figures for the first half of October indicate little change. seasonal declines in price is expected by the Bureau of
Prices of raw materials and semimanufactures were 6 Agricultural Economics, which also forecasts rather
and 2 percent higher, respectively, in September than sharp advances in prices of cattle by November.
a year earlier, but prices of finished products were 1 Butter and cheese prices declined slightly from midpercent lower.
September and mid-October, though egg prices have
Of constituent groups and subgroups, the monthly been strong. The Bureau notes the relative strength
wholesale indexes of chemicals and drugs and hides of cotton but the weakening of United States prices of
and leather showed the greatest increases for Septem- hides, coffee, rubber, sugar, and burlap which accomber as compared with August. After rapid advances
panied the recent depreciation of currencies in France,
in August and early September, prices of meats deItaly, Switzerland, Netherlands, and Czechoslovakia;
clined sharply through the first 3 weeks of October.
it
notes also that the movement of wholesale prices
The indexes of farm products and foods advanced
generally
in the major foreign countries was upward in
moderately from August to September; farm products
September.
advanced further during the first half of October, but
The slow but persistent rise in the cost of living
foods dropped sharply by reason of the decline in meat
index continued in September, according to the Naprices.
Prices received by farmers appear to have declined tional Industrial Conference Board. The Board's index
slightly from mid-September to mid-October according has advanced 3.9 percent in the past year, though it is
to the Bureau of Agricultural Economics. Small ad- still 15 percent lower than in September 1929. In
vances in prices of wheat, cattle, and potatoes were September retail prices of food rose 0.3 percent; rents,
not sufficient to offset decreases in prices of cotton, 1.3 percent; clothing, 0.5 percent; and coal, 1.1 percent.

INDEXES OF COMMODITY PRICES
Wholesale Prices (Department of Labor)
1
Economic classes!

Retail Prices
I

Groups and subgroups

n

5

8
3

I

i

1

G

CM

if

«

LIU

1 13
1I e

i

q

s
1

r

I§

!©

ft

1

"33
3

1

95.0
80.4
75.9
70.4
74.8
80.1

98.9
82.1
02.7
50.2
01.
73. 9

94.5 1100.0
77.7 85.3
00. 7 00.5
00.7 4P.1
57. 0
73.4

80
80. 51
80 61
80.9|

83.1
82.7
82.

77 3
77. \
77.2
77.7

74.4
70. 3
70 2
75.2

79 5
78 2 !
77 5!
78.3,

80 6
80.0

79. 7|
78.0!
79. 2
80. o
81.0
81.6|

82.4
82.2
81.3
81.0
80.5
80.7
81.0
82.4
82.3

78. 1
79. 1
77.4
77.0
75.8
77.0
79. 8
81.5
8.1.8

74.8
74.6
74.4
74.5
74.1
73. 9
75.2
75. 0
75.9

78
"9
70
70

74.41,

77.9

80.2:1

81.7

07.5
76.9
78.7

73.2 63.5 70.4 69.1 60.8 78. 5 80.6 75.5 73.0 88.1 81. G 87.2 73.9 69.51
85.1 80. 2j 73.4 87. n SO. 01 80. 3! 70.2 68.
72.8! 78.9 83.1 j 83.2! 93. 9j
74.8 79.8!! 82.6!! 81.4 88.5; 79.1! 80.1 79.4' 70.1' 94. 71 81. 41 86.7: 70.6! 69. 5i

79. 61

79. S| I 82.1


1 Revised. See p . 20 of the N o v e m b e r


1934 issue.

IH.ll
99. 21
73. 0
37. 1| 01. S1 CO. 9,
03. 9M 04.'I1 51.5
88. Ill 76.11 70.0
83 5 I 86.1,1102.
SO. 4, 85.0 j a 7
85 1 I 94
77
76. f>| 85.7! 97

2'
S3. 5 I
5
S3 2 "
5
SO.
89. 7
9 73 9 I HO. 2
"0.6! i 7S. 01
78. 1 '3. Oj I 79. 9 !
81 3 8F. 91 81 41,
83 K 102.4 I b'*. Ill
84.0: 10*4 0 I 83. 311

2 Middle of month

95. M
{•7.11
'.0,
' ~
70.
_ .
85. 6

9 5.7 82.7 110.01
ST. 2 79.0 99 2|
70.31 07. i Sf.O!
72 M 70 * 72. 2\
72.7 70. 4
70.5 74.0S4 li

<*() 273. 0|
81. !| 73. 4|
7KA
81.2 74 5|
7S*7
SO 61 74. 0j
I
78 S
80 5
79 0
80 1 70. I
78 9
70. 2
7S. 0 j
7o. 4
78. 8 I
70 0
7 S . s | N r /. S,
70. 1
79. 5 so 7 9. 4 70 ?
SO.'Ji •() 8 7o. 3
79! 6 57.1 81.7, 76.1
85.9
^,. \
S5 8
S5 5,

111 82

via

Dec.
Mo.
Mo.
Mo.
1930
average average average (Jan.
1923=
1909-14 L923-25 1931) =1
100
= 100
-100
100

90.1
84. 4
71.2
05. 3
70.8
77.0

77. Oj| 89. 5j
4 4 . 2 l | 7 3 . 71

SS

•b

Monthly average. 1920-100

1920: September
1930: September
1931: September
1932: September
1933: September
.
1934: September
1935:
September
October
November..
.
December
1936:
January
February
March
„
April
„
May
June
July
August
September
Monthly average, January
through September:
1934
_ _.
1935
1930

II

•o 3

TO

rod

«®

Is
s
*s

Finisshed

Year and month

T3

3
©

Farn

|

imai

si

etal

dex,
otatio

G

94 3'1OO * SQ. si M . I
92. 11 S9.0
S9.0 . .._
92.
1
"-2 7, V.9 1 , 0 k 5 | OS. 2
81.8' bo. 0 71.1

90 9
(

Y>, 0
95. (1
95. 4
97 1
90 1
94. 9
'A f
94.0
<RS
'M. 41

(H.f
94. 6 j

This is a new series, see p. 23.

70.2

101.11
80*. 11
7fi.fi I

80^8

150
120
80
00
80
103

108.0J
98. 3
80.6
60 7
71.9
80.1

87.4
73. 6
86.0
87.7

71 *
72 9
73.4
73. 2

0'
67 5
07.4
67.5

82,7
83. 0
83 4
83 9

107
10&
108
110

80.1
80. 5
81.5
82.0

86.6
87.6
88.0
88.2

80. 7 71.7
71 0
.4 80 0 70. S
5 80 0 70.2,
09. 8,
',9 71
•0 9 70 5
4| 87.1 70 9|
71 S6.S T). Si

67 8
08 r

83 9
W
35
83.2
83 4
83.8
85. 1
85*. 0
85. SI

109
109
104
105
103
107
115
124
124

81.7
80.6
79.5
79.7
79. 9
83. 8
84. 0
84.0
84.3

88.3
88. 3
88. 1
88. 1
88. 1
87.9
88. 1
88.5
89.3

79.1
82.3
84.4

87
107
111

73.6
80.1
81.9

88.0
86.1
88. S

SO. 0
80. o!
0 80 9l
0| S0.8j

1

fit). 7"
71.0

n.i

Lndex is as of the 1st of the following month.

SURVEY OF CURRENT BUSINESS

November 1936

Domestic Trade
sales during the opening weeks of October
RETAIL
- have been relatively satisfactory, according to

The rise in rural sales of general merchandise in
September was of unusual proportions. The seasonavailable reports, with marked gains over a year ago ally adjusted index reached 123 (1929-31 = 100), a
reported in many lines. With improvement in basic figure which has been exceeded in only 8 months since
economic conditions in recent months the outlook for 1928, all of them being in 1929. While the drought
the current quarter, when general merchandise sales may have exercised a hampering effect on retail trade
reach a seasonal peak, is considered favorable. Ac- in some areas, aggregate cash farm income during the
tivity in wholesale markets has increased in anticipa- third quarter, seasonally adjusted, was about 8 pertion of the enlarged requirements of retailers between cent larger than in the second quarter. This continued expansion in farm income has no doubt been
now and Christmas.
the
major influence in the further rise in the volume of
Keports at hand on the dollar volume of retail sales
sales
in rural areas.
in September reveal an increase of more than seasonal
Preliminary
totals from the 1935 census of retail
proportions in comparison with the August results,
distribution
have
recently been announced by the
but the aggregate did not reattam the July peak, after
Bureau of the Census. While a complete resume of
proper adjustments for the usual seasonal changes.
the results in comparison with those of 1929 and 1933
As may be noted from the table below, the August to
is expected to be given in a special article in the
September gain was relatively small for department and
December issue of the SURVEY, it may be stated that
variety stores, but the increase in rural sales of general the 1935 total was $32,790,000,000, an increase of 31
merchandise was so large as to advance the seasonally percent over the 1933 total of $25,037,000,000. Sales
adjusted index for such sales to a new high for the were about one-third less in dollar volume than in
recovery period by a substantial margin.
1929. The preliminary census total for 1935 was less
In all the Federal reserve districts, sales of depart- than 1 percent above the estimate given in the March
ment stores were larger in September than in Sep- 1936 issue of the SURVEY.
tember 1935 and results were not so diverse as in the
Data available at present indicate that the dollar
preceding month. With total sales up 14 percent, the volume of all retail sales so far during 1936 has expercentage increases, by districts, ranged from the ceeded that of the corresponding period of 1935 by
8 percent reported for New York to the 21 percent about one-eighth, but with the relative increase in
reported for the Atlanta district.
recent months more pronounced.

DOMESTIC TRADE STATISTICS
Wholesale
trade

Retail trade
Department stores
Year and month

Chain-store sales

Stocks *

Sales
Unad- Adjust- justed »
ed »

Unad- Adjust- justed i
ed '

Monthly average, 1923-25=100

1929: September
1930: September
1931: September
1932: September
1933: September
1934: September
1935:
September
_.
October.
November
December.
1938:
January
February
March
April
„
May
June
July
August
September
Monthly average, January
through September:

117
103
88
71

86
86
91
145

113
99
85
67
68
74

104
95
84
63
73
67

81
78

65
66
65
65
65

64
02
64 i
1

Corrected to daily average basis.

Combined
index*

1

Rural sales
New passenGenera!
mer- ger-car sales
Variety stores
chandise
Unad- Ad- Unad- Ad- Unad- Adjust- just- just- just- just- justed i
ed »
ed i
ed J
ed i
ed »

A vg. same
mo. 192931 = 100

Monthly average, 1929-31 = 100

83
88
95

102. 6
92. 5
88.1
78.0
82.5
85.5

107. 4
96. 9
92. 3
81.7
86.4
89. 5

133. 0
92. 3
69.3
61.2
73. 2
97.9

134. 4
93.2
70.0
61.8
73.9
93.8

98
100
100
103

87.7
93.4
95. 1
178.4

91.8
92.0
93.7
96.7

103. 7
127. 6
127. 6
155.9

104. 8
104.6
103. 7
109,8

97
99
101
102
103
10S

67.
73
80.

79.9
84.2
99. 2
105. 5
106. 5
106. 2
j 88.:;,
I 96 2
j

96.3
93. 0
106.. 7
100.9
113.3
112.4
114.7
111.9
123.6

109
110

90.8
88.0
93.3
95 2
96. 8 i 96.8
9S.
104.0
97. 2
109.2
86 E
97.7
98.2
102.8

104

81.6 I _
81.7 j
88.3 !

no

1934
f 1935
1936

* Series revised. See note on p. 32.



100
91
81
60
70
64
64
66

83

Commercial
failures »

Adjusted for seasonal variations.

!
|

'

72.4 !
Sfi.O '
9S.7

* End of month.

133.8 | 141.5
78.7
82.0
47.2
49.0
30.5
31.0
51.2
52.0
51.9
53.0
50.1
53.3
96.6
90.6

j
!
I
!

69.3
65.5
117.8
142.3
138. 6
139. 3
117.3
92.9
70.9 |
I

Pay
rolls

Failures

Liabilities

Monthly average, 1929=100

Number

Thousands
of dolls.

101. 9
94.4
85.1
75.6
80.3
83.5

103. 3
92.8
79.5
60.1
58.7
63.6

1,075
771

16,663
15,552

79.0
82.0
113.5
106.5

83.7
85.7
86.4

67.2
66.8
66.9
68. 6

787
1, 056
898
910

17, 002
17,185
14,384
15, 686

102.0
89. 5
101.0
93.5
93.5
109.5
104. 5
92.0
S3.0

85.6
85. 0
85.6
85.7
84. 6
84. 6
85.4
86.2
87.7

66.6
66.6
69.0
67.9
68.2
68. 4
69.0
69. 6
70.6

1,077
856
946
830
832

18,104
14.089
16.271
14.157
15, 375
9, 177
9. 904
8.271
9,819

82.1
83.2
85.6

62.4
64.9
68. 4

986
961

!
64.0
!
84.9
106.0

:

Employment

* See note on p. 26 of this issue.

639
655
586

20, 208
15,084
12,796

SUEVEY OF CURRENT BUSINESS

November 1936

Employment
in the industries surveyed monthly
EMPLOYMENT
by the Bureau of Labor Statistics increased in
f

September in accord with customary seasonal tendencies. This was the sixth consecutive monthly gain.
The Department of Labor reported that "comparisons
with September 1935 show an increase of more than
1,000,000 workers in these selected industries and a
rise of nearly $32,600,000 in weekly wage disbursements. This means that approximately 6,000,000
more people are in all types of regular employment
other than agriculture now than at the low point of the
depression in March 1933."
In manufacturing industries, about 142,000 more
workers were employed in September than in August,
and about 230,000 additional employees were absorbed
by nonmanufacturing industries. The Federal Reserve
seasonally adjusted index of factory employment at
88.9 (1923-25 = 100) was unchanged from the August
figure.
In industries manufacturing nondurable goods, employment was at the highest level since February 1930,
and was above the average of the 1923-25 period by a
narrow margin. The number at work in durable goods
industries showed a smaller gain over the month
interval, and was the largest since September 1930.
Of the 90 manufacturing industries from which data
were collected, 69 reported a larger number of workers
in September than in August. Those in which the
gains were of larger than seasonal proportions included,

among others: Lighting equipment; hardware; hot-water
heating equipment; blast furnaces, steel works, and
rolling mills; foundries and machine shops; steam railroad repair shops; and sawmills. Contraseasonal gains
were reported for carpet and rug firms, shipbuilding,
millwork, and cement manufacture.
The most pronounced decline reported among the
manufacturing industries was that in automobile
manufacture, many plants being temporarily closed
while preparations were made for the production of
1937 models. In the woolen and worsted goods industry a decline instead of the usual seasonal rise was
reported.
Twelve of sixteen nonmanufacturing industries
covered reported increased employment in September,
and four experienced slight declines involving in the
aggregate only 1,400 workers. The large increase
reported for retail trade was slightly more than seasonal. Employment in wholesale trade, coal and
metalliferous mining, building construction, and dyeing
and cleaning establishments also increased.
The number of workers placed in private jobs by the
United States Employment Service in September
totaled 167,790, the largest for any one month since
the figures first became available in 1933, with the
exception of the April-June period of 1934. Placements on publicly-financed projects declined, but were
still considerably larger than placements in private
employment.

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

Year and
month

Pay
rolls

l-nadAd- TTn adjusted justed' justed

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

Pay
rolls

Bituminous
coal mining
Employment

Monthly average,
1923-25=100
1929: September—. 109.0
1930: September—
89. 6
1931: September...1 77.4
1932: September-.
63. 3
1933: September...80.0
1934: September..75.9
1935:
83.7
September
85.3
October
85 0
November
84.6
December
1936:
82.9
January
83. 1
February
84.1
March
April
85.1
May
85.7
June
„
86.0
July
86.8
89.0
August
90.6
September--,
Monthly average,
January through
September:
1934
79.2
1935
81.3
1936
85.9

Pay
roils

Wages

Electric light Telephone
and power
and teleand m a n u graph
factured gas
EmEmployploy- Pay
m e n t rolls m e n t

Monthly average, 1929=100

106.3
87.0
75.2
61.8
78.0
74.0

112.9
84.1
63.4
42.7
58.8
57.6

101.9
93.8
80.0
55.8
56.8
56.9

103. 8
91.6
64.9
47.0
60.7
47.0

97.2
90.5
80.4
62.4
71.8
78.2

98.6
74.9
53. 6
30.2
44.1
51.4

81.9
83.7
84.8
85.6

71.7
74.3
73.7
75.6

46.0
58.8
46.6
57.3

38.2
55.9
28.4
55.4

77.1
74.3
76.1
79.1

60.1
69.8
65.5
69.5

84.8
83.8
84.2
84.9
85.8
86.3
87.6
88.9
88.9

71.9
72.0
75. 5
77.2
78.5
78. 7
77.8
81.1
81.0

59.1
61.2
52.5
49.8
54.9
51.2
48.4
41.1
47.6

54.4
76.7
42. 6
28.6
56. 3
42 0
37.2
31.4
34.9

79.8
80.2
80.4
77.5
76.2
75. 7
75. 5
76. 8
78.1

61.6 I
67.9 I
77.1 I

59.4
52.9
51. 8

57.7
47.8
44. 9

76.4
76.7
77.8


* Adjusted for seasonal variation.
2
http://fraser.stlouisfed.org/
National Industrial Conference Board.
Federal Reserve Bank of St. Louis

105. 5 106. 6
105. 2 106. 1
94.3
94.7
74.7
81.0
71.8
80.3
79.3
85.8

102. 5
96.8
85.0
77.4
68. 3
70.9

86.9
87.4
87.6
86.8

84.5
84.4
83.4
86.0

70.4
70.0
69.8
69.6

70.6
78.4
70. 2
62. 6
62. 2
61.5
62 6
65. 8
71.0

86.1
86. 1
86.8
88. 0
89. 0
90. 3
91.7
93. 5
93.4

84.8
84.7
85.9
86.2
87.0
88. 1
89.8
89.9
90.6

70.1
69. 9
70.2
70. 8
71.6
72. 1
73. 1
73.5
73.7

53.0
54.9
67.2

83.4
83.9
89.4

77.4
80.3
87.4

70.4
70.2
71.7

3 Beginning 1934 data compiled from Public Works projects, prior years from Federal aid and State projects.

8

SURVEY OF CURRENT BUSINESS

November 1936

Finance
October 13 the Secretary of the Treasury
ONannounced
that the United States, Great Britain,
and France had agreed on an arrangement providing
for the stabilization of their respective currencies in
line with their announcements of September 25 The
United States agrees until further notice to sell gold
at a specified price (although subject to change) to the
stabilization funds of those countries which, through
their own funds, agree to sell gold to the United States.
The announced step followed the devaluation of the
French and Swiss francs and the Italian lira and the
depreciation of the Netherlands florin. It involves
the removal of restrictions which had virtually prohibited gold shipments from the United States to
countries which are not technically on the gold standard.
Among the assumed effects of the recent action will
be a reduction in the volume of international gold
movements. During the past 2 years, political and
financial uncertainties in the gold-bloc countries have
been the major factors periodically influencing heavy
movements of capital, through gold transfers, from
Europe to the United States.
The heavy inflow of gold during the month ending October 21 and the continued Treasury disbursements of funds with the Federal Reserve banks have
increased the excess reserves of the member banks
from $1,743,000,000 to $2,127,000,000, while at the
same time the total volume of Reserve bank credit
outstanding decreased by $10,000,000. Total loans
and investments of the weekly reporting member
banks during the month ended October 14 decreased
$46,000,000. Security loans fell $75,000,000, while

"other loans", including commercial loans, rose $111,000,000. The latter have risen each week from the
end of July, when the seasonal rise of commercial loans
got off to an early start, but the amount of the increase
this year has been particularly significant.
In its September Bulletin the Board of Governors of
the Federal Reserve System summarized the results of
a recent survey of the growth and distribution of large
deposits of member banks. The survey covered the
period from October 25, 1933, to November 1, 1935,
and showed a rapid growth in bank deposits during
this period which was widely distributed among various
economic classes of depositors, as well as regionally.
The Board stated that "the growth of deposits of
concerns engaged in trade, commerce, and industry,
not only indicates that business has been building up
large cash balances but also helps to explain the small
demand for commercial and industrial borrowing at
banks and also in part the small amount of securities
issued to obtain new capital."
Favorable corporate earnings reports for the third
quarter have contributed to strength in stock quotations during October. Price rise was more pronounced
in the industrial and railroad stocks than in the
utilities. Bond prices have continued strong and new
issues of quality have found a ready market at low
rates of interest.
On October 20 the Treasury announced that for the
first time since 1928 tax collections in the initial quarter
of the fiscal year passed the billion-dollar mark. The
collections amounted to $1,009,994,623, an increase of
$164,523,370over the corresponding months of last year.

FINANCIAL STATISTICS
Bank
debits
outside
New
Year and month York
City

Reporting member
banks,
Wednesday
closest to end of
month
Loans "Othon
er" 2
securi- loans
ties
!

Investments

Federal
Reserve
bank
credit
outstanding,

Net
gold
Excess
imreserves ports I
Money
of
inin
mem- cluding
circuber
gold
lation
banks, released
;nd of
from
earmark 1

Savin gs
deposits

New
York
State

Postal
Savings

Millions of dollars
1929:
1930:
1931:
1932:
1933:
1934:
1935:

September. _.
September
September.._
September...
September. _.
September. __

27, 274
21, 253
16, 627
11,767
12,215
12, 888

7,828
8, 476
6, 346
4,521
3, 887
3,160

3,357

5, 401
6,454
7, 916
8,210
8, 382
10, 757

September
October
November
December
1936:
January
February
March
April
May
June
._..
July
August
September

15,016
16,844
16, 685
18, 676

3,095
3,006
3,108
3,274

3, 380
3,340
3, 401
3,401

3,128
3,117
3,313
3,304
3,486
3,319
3,173
3,177
3,242

3,304
3,?81
3, 495
3, 485
3,586
3,619
3, 600
3,749
3,949




17,499
15, 766
17. 867
17, 497
16, 998
18,882
18,617
17,106
17,592 I

1,458
1,103
1, 578

1926 = 100

5, 632
5, 427

4,457
4, 662
5,231
5, 282
5, 079
5, 145

100
190
470
859
1,189
1,193

J57.7 || 5,651
313.5 j 5,704
211.1
5.770
191.3
5,897

5,179
5,161
5,154
5, 137

1.192
1.196
1,199
1,201

11.0
f-.5
159
375
713
1,727

-258. 5
100 2
— 7. 4
-16.3

12,390
12,476
12, 480
12, 646

2,' 421
2, 464
2,477
2,482
2, 480
2,486

2,600
2, 970
3,100
2,844

12, 996
13,047
13, 229
13,452
13, 522
14,159
14, 084
13, 809
13,929

2,479
2, 482
2,473
2,475
2,474
2, 473
2, 462
2,470
2,473

3,084 I
43. 9
2, 986
-26. 1
2. 305
6.4
2, 664
27, 9
2,866
166. 7
2 717
253. 0
3,029 j!
17. 7
1,950 !
55. 5
1,840 !l 142. 9

'Net exports indicated by (—).

5

Stock
prices
(419)
Standard
Statistics

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

5,757 1 5.177
5, 779
5,177
5, 204
5, 857
5,892
5,175
5, 165
5,918
6, 062 5,210
6, 203 5,197
6,191
5.197
5,223
6,25S

1,208
1,214
1,216
1,215
1,214
1, 232
1, 244
1, 249
1,251

148.8
85.4
58. 4
75. 5
67.4
85.0 I!
85.2 !
93.3 !

Bond
prices,
New
York
Stock
Exchange
(domestic)
Dollars

I

Tbous.j
of dollars ! Dollars I! Percen

95. 58 !1,300,782
98. 83 I 374,963
88.34 221.057
83.93 I 68,515
85. 82
64,197
90. 05
39, 293

2. 95
2. So
2.18

92.65
92.84
93.69

172,745 !
148.462 !
119,794 !
221,207 |

1.34
1.35
1.40
1.41

96.16
97. 22
97.26
96.69
97.38

115,253 I
106,739
129,527 !,
176,672 II
111,571 !i
217, 270
102 769
216,510
178,989

1.42
1.45
1.46
1.47
1.50
1.51
1.58
1.64
1.67

95.3 11 94.47

100.1
106.1
108.7
108.9
101.0
105.6
109.2
113.0
114.1

New
capital
issues

Average
Interest
divirates,
dend
comper
mercial
share
paper
(800
(4-6
com- months)
panies)

97. fiS
9S 19
98. 81
99.27

Note that this column has been changed. See p. 32 for figures excluded.

6H
3
2^

LOG
1.23

1!
||
|j
II
i|
!j

u
H
H
H

9

URVEY OF CURRENT BUSINESS

November 1936

Foreign Trade
increase in the value
A MORE-THAN-SEASONAL
of exports and a contraseasonal increase in value
of imports in September brought our trade to the
highest level reached in any September since 1930.
Compared with September of last year, exports of
United States merchandise were 11 percent larger in
both value and quantity, while imports for consumption were 29 percent larger in value and about 22 percent larger in quantity.
Exports of agricultural products in general followed
the usual seasonal pattern and increased over August,
although exports of a few such products were not so
large as in September of last year. Approximately
two-thirds of the gain in exports compared with
September 1935 was due to an increase in exports of
unmanufactured cotton and of machinery. Exports
of unmanufactured cotton increased from 267,163,000
pounds valued at $31,817,000 in September 1935 to
306,090,000 pounds valued at $38,221,000 in September
of this year. "In addition to an increase in exports of
electrical machinery, office appliances, and printing
and bookbinding machinery, there were increases in
exports of industrial machinery from $9,228,000 to
$12,298,000, and in agricultural machinery, including
implements, from $2,713,000 to $3,806,000.
Import gains over September 1935 were distributed
over a wide range of commodities, with approximately
half the increase accounted for by the larger value of

imports of crude rubber, sugar, paper and paper materials, unmanufactured tobacco, and grains. Crude
rubber imports increased from 79,984,000 pounds
valued at $8,929,000 to 112,074,000 pounds valued at
$17,337,000; sugar imports increased from 262,315,000
pounds valued at $6,731,000 to 486,091,000 pounds
valued at $14,394,000.
Among imports to show a decline, on the same comparative basis, were tallow, vegetable oils, coffee, petroleum products, copper, tin, and coal-tar products.
The continued upward movement of foreign trade in
September brought exports in the first 9 months of
1936 to a higher value than in any corresponding period
since 1931, and imports to a higher value than in any
corresponding period since 1930. Compared with the
first 9 months of 1935 there have been particularly
large gains in exports of nonmetallic minerals, metals
and manufactures, and machinery and vehicles.
During these 9 months there have been substantial
increases in imports of raw materials to meet the expanding needs of our domestic industries. Noteworthy
increases have occurred in imports of undressed furs,
hides and skins, ferro-alloys, tin, nickel, unmanufactured wool, and paper base stocks. Increases in imports of precious and imitation stones, art works, linen
manufactures, and liquors are also the result, at least
in part, of the improvement in our domestic economic
situation.

EXPORTS AND IMPORTS
Indexes

Year and month

!
j

|

ExValue Vaiue ! ports,
! of
of i i n total total i cludexim- | i n g
ports, ports, reexad-

ad-

Finished
manufactures

Crude
materials

|

1
Total

| Total |

ports

Eaw
cotton

Foodstuffs,
total

Mont! l \ ?
i^e, i J - 2 " 100

e "l ,r

52

- d

U

^ ' U" l'i

Jctobor
\ o v ( " ner_
December

10
is

. .

January
February...
March.
April
July
August
._.September
_ .....
C iim ulat i v e, J fin unry
through September:
1934
1935
1936
1

t 7 2
-U2 2
1 0 2
i J2 0
Iff; 1
1 i\ ',

,s
1 .

"• ( i n ' i ' i h ' i

53
51
53
56
55

UNO
'SI 8
194.8
192.6

57
no

55

3 40

1'1 «.
.'07 9
177 1

2

112 >
"I j
^ \

129 "i
r . 7 " ii

17 1
<>$ '

1-s i

{< i

1% 5
21R I |
266 7
22J.0
195.1
179.2
192.1
189.4
106 9
ISO. 6
176. 4
1/5.6

1,536.0
1,536.9
1,702.8 I

3 40

Adjusted for seasonal variations.


101104—36
2


2.1 2
269 3

62
56

51

Semimanufactures

Total

AutomoMa- biles,
chin- parts
and
ery
accessories

Total

Finished
Crude Food- Semlmanma- stuffs manufac- ufacterials
tures tures

Millions of dollar^

110
,0

Imports J

Exports of United States merchandise

68 7
^2 f>
M2 7

59. 8
50. 1
44.5
40.4
42. f, I
39.3 i
30. -i
3S. 1
7,'. 8

7'> 1 ,
!;- ) i

,0 ')
-to. 0

I2 1

:o 1
is 7
20 1

i" ^

^2 2

21 3
29 7
3
3

31 x 1

n9

2r

7f 1 1
:,c.8 !
35. 7
26. 6
26. 3
22.8
22.9
19.7
10.8
12.4
38.2

443.6 || 255.1
404.9 || 213.3
418.0 II 215.4

I 10 '»
1 ,') »

171.0
145. 8
150. 2

252. 3
253. 5
289. 5

3 "1.3
226. i
170 \
i's.. i
] 16. C)
119.9
1GS.7
189.7
162. 8
179. 6

55. 4
46.0
55-7

186.4
189.6
194.3
199.8
188.4
193.fi |
196. 5
200.1
218.4

M
93
86.

'2.0

13.3
14.1
21.9
19. 7

90.
86.
98.
101
103.
92
97.
85.
89.

!5. 5
24, 6
27.9
30.7
96
6. 0
29. 3
25.2
27.3

22.1
22.1
24.0
23.0
22. 5
19. 1
16.9
12.4
12.5

160.0
194. 0

154.4
171. 8
174.6

669.2
732. 6
845,1

122 1
75. I
52 9

33.
16.
8.
4.
8.
14. 0

General imports through December 1933; imports for consumption thereafter.

1,222.4
1,507.9
1,7(17.0

4s. 3
3s. 6

1 .2

.r. 1
.,1 3
ii. 2

70 '1
'! 0
,;-) 3
1 1 f>

!l! J

S5. 6
61 S
52. 0
2") 3
: ,. (5

11.4
51.7
43.9
44.8

38.4
38.6
36.3
42.8

3«. 0
44.0
36.6
36. 3

58.4
58.6
57.7
62.1
55.1
54. 6
56. 0
61.7
69.4

55. 3
60.3
63. 6
65. 7
55. 8
59 0
59.3

(ii! 2

39.7
40. t
36. 1
37. 6
3K. 5
43. !
42^7
40.8
40. 8

33.0
30.6
36.8
34.4
39.1
37.0
38.6
41.4
4-f. 9

356.5
425.8
533, 7

375.5
501.8
53-) 4

232.7
291. 7
;?5t>. 3

257. 7
288. 6
334. 7

pg 0

3 Monthly average of unadjusted indexes.

10

SUEVEY OF CURRENT BUSINESS

November 1936

Transportation

T

HE freight-car loadings record this year as compared with earlier years of the recovery has been
unusual in two respects—the sharpness of the gain
from 1935 and its inclusive character. Total loadings
have been increasing annually since 1932, but 1936 is
the first year that the increase has extended to every
class of freight distinguished in the weekly reports.
Hitherto the annual gains have been confined largely to
loadings of coal and coke, ore, forest products, and
miscellaneous products, all of which were at their
smallest post-war volume in 1932 and, on an annual
basis, have expanded continuously since then. This
year, however, according to reports of the Association
of American Railroads through October 17, increases
have been recorded also in loadings of grain, livestock,
and less than carlot merchandise, all of which reached
their post-war low volume in 1935. Since July grain
loadings have been running markedly lower than in the
corresponding period last year, but all other classes of
loadings continue in excess of the comparable 1935 record.
For total loadings, the increase for the year to date
(through Oct. 17) exceeds 3,000,000 cars. This gain,
made in less than 10 months, is but slightly less than
the aggregate increase in the three full years 1933,
1934, and 1935 combined. It is plain that the physical
distribution of goods has been very greatly accelerated.
On a relative basis, the aggregate for the year to date
is about one-fourth larger than in the corresponding
period of 1932, the poorest year on the record, and

about one-third less than in 1926 and 1929, the best
years recorded. Part of the loss from these earlier
good years is, of course, traceable to diversion of freight
from the railroads to trucks.
Traffic in the remaining weeks of 1936 is expected
to exceed the comparable totals of a year ago by a substantial margin. The Regional Advisory Shipping
Board estimated that car requirements for that period
will exceed those of the corresponding quarter of 1935
by about 10 percent. The third quarter estimate
made by this organization in July proved very conservative, the actual gain over the third quarter of
1935 being 20 percent, compared with their 11 percent
estimate. For the current quarter, gains are anticipated for all but 7 of the 29 commodities listed. Loadings of ore and concentrates are expected to show the
largest increase (41 percent), and fresh fruits other than
citrus fruits, the largest decline (13 percent).
The third quarter was a period of profitable operations for the railroads, and the traffic outlook for the
current quarter apparent!}7 assures substantial earnings for this period. Operating results for the third
quarter have caused an upward revision of the estimates of 1936 earnings, and this has been one of the
factors contributing to the rise in railroad stock prices
during October. From the 1935 low the average price
of the 20 stocks included in the Dow-Jones railroad
group has more than doubled, and in October reached
the best level since 1931.

RAIL AND WATER TRAFFIC
Freight-ear !oading;s

F. R. Index

Year and month

Total
I n adAdjusted 1 justed 1

Grain
MerCoal Forest
and Live- chanand prodprodstock
dise Ore
coke ucts ucts
I.e. I.

Monthly average, 1923-25 =
100

1929: September
1930: September
1931: September
1932: September
1933: September
1934: September
1935:
September
October
November
December.-1936:
January
February
March
April.
May
June
July
August

121
99
78
61
68
67

„_.
__. _._

70 I
73 I
67 |
62

, 135. 6
960.1
731.5
576. 5
641.8
625. 5

199. 8
167. 0
131.4
113.4
129.6
121.3

63.0
41.5
25.5
17.8
24.9
22.1

49. 9
45.4
37.1
36.8
31.0
33.8

30.9
28.3
25. 4
21.3
20.7
33.4

262. 2
244. 4
210. 3
171.2
168. 0
158. 5

68.0
47.3
28.4

62
64
66
71

657.1
720.5
635. 9
579. 6

117.6
143. 4
132.3
138.8

30.9
31. 6
27. 5
25.9

40.5
37.0
31.3
27.3

17.4
21.6
16.9
12.8

158.8
166.9
157.6
146.6

34.9
32.4
13.4

156.0
588. 3
627.0 i 192. 1
604.7 l 112.5
118.2
636. 2
119. 6
670. 4
114.9
696. 8
117.2
706. 4
129.7
740.2
142.4
785. 3

26.0
26.9
30 5
30.3
32. 3
34. 7

30.2
30.2
34.0
30.6
31.1 ,
34.9 |
52.9
43. 3
31.8

13. 1 141.4
10.6 146.0
11.9 155. 6
12.4 161.8
12.3 158. 9
11.8 162.2
12.9 157.0
15. 4 165. 6
18.2 16-5. 8

32.9
29. 9

F
20 2 1 t0 8 17.5
12.6 155.0 20.6
13. 2 157.1 31.0

September




3a 1
34.7

122. 9 I 22. 6
62 !
79 I
1
1

Thousands

106
87
69
54
60
59

Monthly average, January through September:
1934
1935. .
1936.

Freightcar
Mis- surplus
cel-

Thousands of cars 4

__

j
ii

592. 6
671. 2

Daily average basis.
Adjusted for seasonal variations.

3

Pullman
passengers
carried

6.1
38.3
23.7

5.2
5.6
5.7
6.0
8.9
37.4
50.5
52.3
54. 9
58.4

461. 1
386. 2
273. 5
209.9
229. 3
232.6

119
394
564
599
380
318

256. 9
287.5
256. 9
223. 1

208
252
271

215. 9
215. 6
254. 2
274.0
278.7
287.9
281.3
295. 2
315.9

231
171
205
179
185
170
147
146
125

223. 0
°2S 2

361
291
173

m 3

American vessels, both directions.
* Average weekly basis.

Financial statistics, class I
railways

Canal traffic

Oper- Net rail- Sault New
ating way op- Ste.
York Panareve- erating
ma 3
nues income Marie State
Thousands of
dollars

3,031

560,701
2, 517 462, 209
1,969 346,340
1,339 269,533
1,392 292,159
1, 354 275,540

Thousands of
short tons

Thous.
of long
tons

132,291
102,852
54,495
48,947
60, 609
41,713

13,356
10,347
7, 126
3,807
8,453
6,145

389
458
587
478
517
465

1,194
1,040
884
638
961
1,045

1,364
1, 278
1,246
1,409

306, 946
341. 018
301,331
296,225

57, 349
75, 425
54,234
46, 040

7,148
7,454
4.087
439

574
800
655
0

907
983
843
852

1, 533
1,359
1,312
1,353
1, 295
1,430
1,516
1, 565

299, 099
S90, 459
308, 304
313,410
320, 966
330,692
349. 744
350,585
357,207

35, 765
33,595
35, 206
41, 548
41, 842
50, 313
61, 774
64, 681
70,106

0
0
0
37
8,710
9,835
10,951
10, 699
11,041

0
0
0
228
568
616
738
605

775
813
981
1,023
940
989
976
1,058
1,054

1,260
1,131
1, 421

273 797
279' 086
325 607

38.287
35 689
48 321

5,719
6, 052
8, 546

5 479
5 492
5 551

957
842
957

6

5 Average, April—August.
6
8 months' average.

11

SURVEY OF CURRENT BUSINESS

November 1936

Automobiles and Rubber
in the automobile industry
DEVELOPMENTS
during the past month have centered around the

corresponding period of 1935, and the gain was confined entirely to commercial vehicles. This export
inauguration of the production of 1937 passenger-car demand has been one of the factors contributing to
models. By the middle of October most of the major the record output and sales of such types this year.
producers had their assembly lines in operation and
Retail deliveries of cars may not turn upward in
the production totals were moving rapidly upward. October, since a large proportion of the current month's
The acceleration of production was retarded to some output will be required to stock dealer organizations.
extent by the fact that one of the three leading manu- Formal introductions of most of the leading makes of
facturers did not resume the assembly of cars until passenger cars are scheduled just prior to the National
the latter part of the month. The delay experienced by Automobile Show in New York which opens on
some companies in getting new model assemblies under November 11. Announcements made to date conway has made it difficult for the usual sources to esti- cerning the new models reveal that price changes will
mate the probable domestic output for the month, not be a major sales stimulus in the initial drive for
but it may not exceed last October's 272,000 units. business, although price reductions have been anFinal figures on September factory sales show a nounced on a number of makes in the medium-price
total for the United States of 135,130, or 47,590 more group.
than were produced in September 1935, the low month
Manufacturing activity in the rubber industry was
of the preceding year. The drop from the August maintained at a high rate during September. Crudefigure of 271,291 units caused a moderate reduction rubber consumption by manufacturers was higher than
in the seasonally adjusted production index. Of the in August, on a daily average basis, and was onetotal of 4,407,926 motor vehicles sold by factories in fourth above the September 1935 rate. Tire shipthe model year ended in September, 31311,146 were ments for September followed the downward movepassenger cars and 796,780 were commercial vehicles, ment of automobile production but no doubt continued
trucks, and road tractors. Sales increases were prin- substantially in excess of the comparable 1935 total.
cipally in the domestic market; sales in foreign markets, For the first 8 months of the year total shipments by
as indicated by reports to the Bureau of the Census, manufacturers are estimated by the Rubber Manuincreased only slightly during the first 3 quarters of facturers Association to have been 9.6 percent above
the present calendar year in comparison with the the total for the first 8 months of 1935.

AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports

Automobile production
United States
Year and
month

F.ft.
index,
adjusted1
Monthly av.,
192325=100

Passenger
ears 3

Total

New passengercar sales

Registrations

Pneumatic
tires '

Canada

Trucks

Passen- Trucks
ger
Total |

New
New
passen- comger ears mercial
cars

Unadjusted

Adjusted >

Production

I
Monthly average.
1929-31 = 100

Number

Thousands

Crude rubber

Domestic
Doconmestic
sumpshiption,
ments
total

Imports

World
stocks,
end of
month

Long tons

Thousands

f

1929: September1930: September1931: September.
1932: September 1933: September.
1934: September.
1935:
September. .
October
November..
December—.
1936:
January
February _ - March
April
May
June
Julv
August
SeptemberMonthly average, January
through Sept.:
1934
1935
1936

364
176
109
65
157
125

51, 576
44, 223
31,338
19, 402
34,424
44, 967

20, 934
13,817
8.130
4. 957
4, 577
2, 646
3,053
2, 342
5,808 1 j 6,330
10, 236
5, 579

12, 985
5, 285
4,171
2.601
4,614
7, 530

304,359
175, 286
124, 003
81,893
157. 834
146,931

46, 532
33,911
25, 967
15.180
31, 269
37,225

133. 8
78.7
47.2
30.5
51.2
51.9

88
272
395
405

56
213
337
343

31, 443
58. 733
58,145
61, 506

5,188
8,273
13,491
13. 789

5, 622
7,471
22,491
17, 736

7, 081
7, 109
8, 038
10, 276

157, 098
148, 389
220, 262
237,194

41,390
43,243
37,616
38, 000

50.1
53. 3
96.6
90.6

364
288
421
503
461
453
441
271
135

298
225
344
417
386
376
372
210
91

65, 730
62 790
77, 448
85. 642
75, 058
77. 061
6H,597
61, 537
44,533

13, 302
13,?6S
18,021
24, 951
20, 006
16, 400
10,475
4, 660
4,655

15, 867
16,046
18,921
17,723
17, 727
14,987
12.714
8, 323
4,564

9,787
9,913
9,999
8, 330
10, 848
9, 055
9,811
7,405
6,375

215, 782
178,668
301, 27?
397, 190
392, 750
369. 123
357, 400
262, 912
208,896

43,760
40, 301
51,817
57, 000
62, ! 83
56, 000
63, 605
59, 222
54,611

69.3
65. 5
117.8
142.3
138. 6
139 3
117.3
92.9
70.9

265
319
371

215
262
302

12,076
50,020
57,367 1 15,258
68 711
13,971 |

34, 474
44,117
54, 288

64.0
84.9
106. 0

122
62
40
24
55
51

416
221 1
141 1
84
192
170

91
96
105
107
108
93
107
122
117
118
124
111
107

80
97
110 i

* Adjusted for seasonal variations.




12.181
14,000
14,097

7,889
173,854
237, 562
8,184
9, 058 < 298.043

* Covers varying percentage of industry, see note on p . 55.

3

3, 568
141. 5
2, 692
82.0
49.0 '• 2,538
2,031
31.0
3,199
52.0
2,848
53.0

4, 330
3.360
3, 034
2, 410
2, 714
2, 993

31, 236
23. 265
21.747
20,692
31, 047
27,317

34, 814
35. 783
38, 933
29, 280
46, 255
32,010

307,152
467, 273
561, 838
599, 986
623, 683
694, 361

79.0
82.0
113. 5
106.5

3. 067
3,281
3, 238
3,282

2,621
3, 258
3, 170
3,311

34, 000
38, 192
38, 500
38, 648

35,
36,
26,
39,

707
378
073
812

661.509
655, 000
623. 300
611,987

102.0
«9 5
101.0
93.5
93.5
109. 5
104. 5
92.0
83.0

3. 709
2.898
2.947
3, 932
4. 027
4, 544
4, 427
4,062

3,079
2,545
3, 065
3,917
4, 659
4, 626
4, 599
3,978

43, 655
33,071
38, 433
46,707
45, 434
47,372
45, 721
45, 257
45,403

33. 921
34,339
34,874
45, h30
37, 050
38, 273
26,450
41, 788
50,033

600,479
599, 355
574, 594
558.583
533,411
511.931
510,872
492,439
485,500

4 4,109 4 4, 047
4 3,979 4 4, 049
! 4 3,818 4 3,809

35, 533
37,323
43,450

42,000
40, 519
38,062

673,082
678,941
540,796

Includes taxicabs, see footnote on p. 59.

i

8 months' average.

12

SURVEY OF CURRENT BUSINESS

November 1936

Iron and Steel
iDgot production was slightly lower in for heavy steels continued to exercise a major influence
STEEL
September than in August, but otherwise was the on the movement of ingot production. The automolargest for n,ny month thus far this year and also for
any September back to 1929. The decline was
confined to production of Bessemer steel, output of
the more widely used open-hearth steel increasing
somewhat. Being contra-seasonal in character, it
caused a decrease in the seasonally adjusted index of
iron and steel production, even though pig-iron output,
which has been accelerated this year by the relative
scarcity of steel scrap, increased in September. For
October scheduled weekly production of steel ingots,
as reported by the American Iron and Steel Institute,
indicates a total output for the month appreciably
larger than in either August or September.
That output of finished steel probably did not decline
in September is suggested by the fact that shipments
of the United States Steel Corporation were larger
than in August; they were reported in the press to be
running higher in early October than a month previous.
Total third quarter shipments of the corporation,
however, aggregated slightly less than second quarter
shipments, whereas for national ingot production the
reverse was true. Short-term lags of finished-steel
shipments, however, behind steel ingot production
have been frequently observed.
Data on relative output of light and heavy steels in
the third quarter are not available, but the demands

bile industry has been the major source of increased
volume, however, during September and October. It
has previously been indicated that in consequence of
larger buying by railroads, utilities, and the construction industry, the proportion of output going into
heavy steels has been greater this year than last—
amounting to about 57l/2 percent as against 53 percent
a year ago, according to the American Iron and Steel
Institute figures for the first half.
The Bureau of Labor Statistics reports on employment in the industry do not separate steel works and
rolling mills from blast furnaces. For the three
combined, however, the number employed increased
between mid-August and mid-September—as they had
each month since last February—the September level
being the highest since the middle of 1930. Pay rolls,
affected presumably by the Labor Day holiday,
declined in September.
The firmer price tendencies in evidence since the
mid-year continued in general into September, though
slackening of prices for wire products caused a small
decline in the finished steel composite. These products, together with various other semifinished and
finished steels, were advanced in price on October 1.

IRON AND STEEL STATISTICS
General operations

Year and month

Steel i n g o t s

Pay
Produc- Emrolls,
tion,
ment" I rolIs
>d E x "
ad"J
! unadports ports1!
justed 1 justed 1 j u s t e d |

Furnaces
in
Mast

Production
!

ro.i

Niont' '\ a u r^e
li*2* 25 = 100

,

Percent
of
capael(

| Steel s h e e t s

New- Shiporders m e n t s

y

l Js of 11 Long
ou« i tens

Lnu-Hnd> of long
( » i' r , g

2''"i

i."/

United
States
Steel
Corporation,
finished
products,
shipments

Prices

Iron
and
steel,
pom-

Steel
billets, Steel
Besse- scrap
mer
(Chi(Pitts- cago)
burgh)

Doll t r s per long t o n
•' 20 1 35 00

-r I r '

7 1

September . . .
S-opteml.oi1 .
September

0M
- Us

()
1935
74. *

1936:

October..
November...
December

January
.
February
March
April
May
June
July
August
September
Monthly average, January
through September:
1934
1935
1936
1

%
H^

^
TO
1
(H
11)

53
6o
"

i "
1, .
2( <

64
f-5
h*
7i

TO
43
i7
1^

'? 0 2 '
1 ^Ji
2.0 J( )
L, I'M

4
2
°
9

• J
62 ! 69.8
74
71.7
80.9
103

Adjusted for seasonal variations




77. G
"=>. 9
76 1
77. )
s(; l
'2

62.7
244
65.6
2-N
f,5 1 i 2i»o
242
2M
It I
302

2

104

? S25

122

3J50

226
I, •

Wi-

ll"

o,

Ho

2, ».*

l^i)

>, ' , i <

IH

rf,'M2

j /

I. i ( i

50.3 ! 223 i 27 " 1. 112
57.6 i 205 ! 33
1.-51
74.0 ' 273 i 54 ' : '2.'Vi>>
2

175
1 '.S
T 2

•'••'

P.lack, blue, galvanized, and full finished.

177
221

207

r<

f

2V)

(,'J
71

31 00
29 00
26 00
26.00
27.00

l'"0
IV.)

Dollars
per 100
pounds

15 13
12. 50
8. 20
25
9.S4 I
8.50

614.933

32 82 , 27.00 I 12.50 '

«S0 7*1
' M SLi
661,5i:

32 M
27.00 12.50
33 15
28.00
13.00
*3 31 ' 29.00 | 13.35

721, 414
G7p, n . c

Ti. 34
'W 4S

"S1, "-'2
979. 9<)7
9s * 097
w r . f"
9 0^1

29.00 | 13.38
29.00 ! 14. 19
28.20 i 14.75
33 t() 1 28.00 I 14.34
28.00 ' 12.88
:/2 92
28. 00 12. S5
o 70
13.38
>n 19 30. 00
30. 00
30.10

207

Finished
steel,
composite

32. 13
:iJ.."0
:>:;.37 '

15. 19
16.15

27.13 ! 10.37
27.00 I 10.96
28.96 ! 14.12

>ee table on p. 19 of the January 1935 issue

2. 54
2. 24
2.20
') \f\

2.44
2.43
2. 43
2.43
2.43
2.43
2.43
2.37
2.36
2.36
2.36
2.43
2. 43

2.41
2.44
2.40

13

SURVEY OF CURRENT BUSINESS

November 1936

Textile Industries
RODUCTION of cotton, wool, and silk textiles average basis it was about 10 percent higher than in
P
combined was higher in September for the fourth August, a gain of slightly more than the usual seasonal
consecutive month. The gain over August was of proportions. After allowance for seasonal changes,
about the usual seasonal proportion, the adjusted
production index of the Federal Reserve remaining
unchanged at 120 (1923-25 = 100).
According to a statement by the president of the
Cotton Textile Institute, the cotton textile industry at
the present time is in a very strong position. Despite
the current high level of production, it was asserted
that "the ratio of unfilled orders to stocks of goods, to
production and to shipments, is the best since figures
were first compiled in 1927 . . . " Profit ratios in the
industry also were stated to be much improved.
The rapid rise in production of cotton textiles in
recent months has been accompanied by increasing
prices for cotton goods, and the spread between the
average cost per pound of clean cotton and the average
selling price of a representative group of print cloths
has become wider, according to a regular compilation
of the Textile World. By the last week in September
the spread was 18.9 cents, and for the full month it
averaged the highest since September 1934.
Cotton consumption in September was far ahead of
that of any other month in recent years, with the
exception of June 1933, when there was a tendency for
buyers to anticipate their requirements. On a daily

cotton consumption has advanced each month since
February, with the exception of a small decline in May.
Activity in the woolen industry during September
was about the same as in August. Spinning spindles
and looms, with the exception of carpet and rug looms,
were operated at a slower pace. Wool consumption
increased slightly, although a substantial gain is usual
for this period.
Silk deliveries also continued to expand in September
and were the largest of the year by a considerable
margin. On a seasonally adjusted basis, deliveries were
well above the average monthly rate in 1935, 1934, and
1933. However, for the first 9 months of 1936, taken
together, they averaged lower than in the corresponding
period of any year since 1924.
Deliveries of nonacetate rayon from the mills decreased in September from the record high set in
August, according to Rayon Organon. This does not
necessarily reflect a decline in production; the larger
August deliveries were possible only because producers
drew heavily on stocks. With the industry producing
at near capacity and stocks down practically to the
zero point, the industry is currently disposing of yarns
as fast as they are produced.

TEXTILE STATISTICS
Cotton,
raw

ProCotton cloth,
ducfinishing
Mill
Spintion inconI
die
acdex, adjusted i sump- | tivity, Plain
tion I total bleach- Print
Year and m o n t h
goods
ed
I Month| ly average,
1923-25=
100

Wool

Cotton manufactures

Run- !|| j Millions of
ning
b iles !i, spindle
hou <*

Thousands of
yards

Spinning
spindles
WholeConsale
price, s u m p cotton tion 2 Wool- Worgoods
sted
1 en
I
i
i
I

Monlhly average,
1926 =
100

HoItayon
Silk
siery
Whole- I
sale j
Whole- | Deliveries
Looms
price, I
sale J f r o m mills
woolen I ! DelivProa n d I eries t o
ducworsted m i ! I s
IJn- A d tion
Nargoods I
|nS,M.
row Broad
15 (NewYork)
"in
Month-

Wool manufactures

Thousands

Percent of active hours
t'» f-ntal reported

pounds

ly average,
1926=
100

Bales Dollars
per
of 133
p
pounds pound

ThOU
Daily
!
average,
1923-25=100 !Of d o ?

] en

pair?

1929: September
j
1930: September
I
1931: September
1932: September
1933: September
1934: September
1935:
September
October _.
_.
November..
December
1936:
January __
__
February
March
April
May
June
July
August
September
Monthly average,
January through
September:
1934
1935
1936

116
88
100
104
99
63

',8 1
7*1 (>
',1 ->
1

106
113
106
111

4(>UF 7 7 '

105
102
300
1C0
100
107
115
120

590,484
515,977
550, 041
576, 762
530,894
555,449
607, 056
574,289

no

629, m

83
102
108

444, 298
453,972
570.142

r o (17
M? ;i2

6, 1SJ
7,4 >7
(, S( S
f,h)i
7, 709
6, 735
7, 254
7,313
6,896
7, 320
7, 855
7,573
8,088

6,196
6,097
7.416

70
60
70
74
69
20

63
41
44
36
48
17

63 j
(U" |

73

82. 7
78. 0

53,274 | 5.122
55,649 I 2.413
53,819
2.315
59, 694
1.805
31,185
J. 889
32, 599

97
306
10 i
93

67
81
83
73

33
42

78 |
84 !

89
90

76.9
79.1
80.7
81,0

J! 45, 156 1.868
|j 48, 167 } 2.081
I 37.012 I 2092
I 35,559

95
96
85
82
87
87
90
97
88

62
68

90
90
80
76
76
74
69
73
66

81.4 j | 38,995
82.8 | j 32,053
3fi, 000
83. 8
34, 564
82.2
32, 087
82.2
31,437
82. 6
36,65*
82 0
42,016
81.2
80.9
45,709

1. 950
1. 784
1. 733
1.6S2
1. 600
1.597
]. 714
1,791
1. 698

487
454

10,0! 9

4'J2

.X<)9

133
428
498
614
633
537

410
446
023
80S
586

si. 832
10, 201
9, 270

j 37,123
41,823
82.1 II 36.633

1.303
1.492
3. 728

436
507

i\ 0

0, 172
S3 2
84 5
85, 8

^0, 203
7*, " '7
72* 99^

101,310

86 948
97, 972
97, .^1
:C4,7J0 ,

*0 0

73.' \h

97, 435
92, 807
107, 893
104, 837
105, 062
104,630
101,904
104,667
107,706

100,528 !
91,860 !
95.274 |
91,074 !
89,518 i
90, 338 |
93,273 j
91,157 j
8G.5H i

80.4

73, 908
64, .193
53, 460
55, 387
46, 593
54,533
68,718
63,449
00,7(13

126, 562
119,260
102.«°3

100,947
95,831
9

87.1 I 29,996
82.7 I 67,758
77.9 '! 60.112

9°>.on

llf> *sp

78. 1
76. 2
75. 5
75. 4
78 7
79.5
80.0

j
i
!
j
1

80. 7

.59

60
57
57
59
68
65

C4
40!

2S6

337
301

2 i9

47<S

",-"

433
308

313
221

583
494
464
473

419
462
522
557

9, 577
H 574
10, 293
8,918

477
517

30,113

;;s7

1


i Adjusted for seasonal variations,


* Grease equivalent; see note on p

3

S months' average.

3
3

K 895
9. 778

14

SUKVEY OF CURRENT BUSINESS

November 1936

Plastics—Products of Ever-Widening Utility
By T. W. Delahanty, Assistant Chief, Chemical Division

T

HE past quarter of a century, and more particu- two principal types—synthetic resins and cellulose
larly the last decade, has witnessed a phenomenal plastics.
Synthetic Resins
growth in the manufacture of organic plastics in the
United States, until today the many and varied uses
The development of uses and markets for synthetic
of such products assures a permanent and important resin products has been largely the result of American
place in our economy for this relatively new industry. inventive genius and merchandising skill. The utilizaThe increasing application of plastics in industry tion of the pioneer type—the phenol-formaldehyde
and their utilization in every-day life explains their resins—was followed by the development of the couadvance to a position of importance, not only in our marone and indene resins, the tar acid, alkyd and
domestic industry, but in world commerce. By way resorcinol resins, and others representing the coal-tar
of illustrating the wide variety of uses of these products, group, and subsequently the noncoal-tar organics, the
we may consider in detail two groups—synthetic urea, thio, vinyl, furfural, and other resins.
resins and cellulose plastics. The importance of the
Production of synthetic resins which lend themselves
synthetic resin plastics is becoming more and more so admirably to the manufacture of such a wide line of
apparent through their use in such commonplace finished products, ranging from jewelry to building
articles as bottle caps, radio parts, timing gears, materials, passed the 100 million pound mark for the
and furniture, as well as their employment in the first time last year, having more than doubled since
automobile, electrical, and marine industries, and in 1933. Eighteen years ago the output was about 3
the manufacture of printing inks, varnishes, and lac- million pounds per annum. (See figure 1.)
quers. In the cellulose group, nitrocellulose or pyroxyApproximately 90 percent of all synthetic resins
lin plastics, under trade names such as celluloid, produced in the United States are of coal-tar origin,
pyralin, viscoloid, fiberloid, xylonite, and the like, are the remainder being made of urea and other materials.
well known to the public through their utilization in
Production of synthetic coal-tar resins aggregated
the manufacture of toilet ware, automobile curtains,
89% million pounds in 1935, according to the United
fountain pens, spectacle rims, piano keys, shoe-heel
States Tariff Commission, compared with 56 million
covering, toys, and various other articles.
pounds during the preceding year and 41% million
In addition, the protein plastics such as those made pounds in 1933. A total of 64,641,000 pounds, valued
from casein and soybeans, constitute an important at $12,191,000, was sold to other manufacturers in
class though they are not treated in this article. A 1935, the remainder being consumed by the producers.
large motor-car company employs soybean casein plas- During 1936 the sharply rising trend of production has
tics in the manufacture of distributor covers, dis- continued and final figures for the current year will
tributor bases, light switch handles, gear shift lever show a large increase over the latest total presented on
balls, window-trim strips, and other accessories.
the accompanying chart.
Not only are new uses being found for the older
The synthetic resin industry received a great impetus
types of plastics, but new materials from new sources from radio development, particularly in the early stages
are being added to the ever-growing list and, since when receiving sets were being assembled by "amacolor can be incorporated with them, their appeal to teurs" and almost every set was faced with a synthetic
beauty finds expression in articles having all the rain- resin panel, and later when radio manufacturers began
bow hues.
utilizing such materials for the manufacture of cabinets.
The United States plastics industry is of such a
The radio industry, however, has been only one of
diversified nature and its products have so wide a the many that contributed to the growth of synthetic
field of application that adequate data showing pro- resin production; in fact, 53 percent of the coal-tar
duction in all branches and distribution through all resin production was consumed in 1935 in the manuchannels are not available; therefore, it is impossible facture of paint, varnish, and lacquers. However, it
to present a picture that will mirror all of its many may be said that almost every branch of manufacturing
ramifications. Furthermore, practically every day has made extensive use of the material. Increased
sees some development in the way of a new product demand for synthetic resins, chiefly of coal-tar origin,
or new application, all of which tend to change the is primarily responsible for the increased consumption
situation. For the purpose of this article the discus- of both phenol and cresylic acids in recent years. This
sion is confined mainly to the production and use of the is true also of refined naphthalene, phthalic anhydride,




glycerine, and formaldehyde. In 1935, production of
phenol amounted to 43,418,000 pounds, which was
double that of 1930, and sales aggregating 34,575,000
pounds were valued at $3,433,000.
Cellulose Plastics

Cellulose plastics are derived from cotton linters or
purified wood pulp initially treated with acids and
subsequently with solvents, from which results a
viscous liquid or a plastic mass which may be moulded
into sheets, blocks, rods, or tubes for ultimate conversion into familiar articles and uses.
One of the outstanding, yet probably not so well
known nitrocellulose outlets, is the lacquer industry.
Since 1923 the development of this industry has had a
spectacular influence on the finishing operations for
automobiles, furniture, etc., and spray finishing
generally. Imitation leather, which is usually a pyroxylin coated fabric, affords another major outlet.
Cellulose acetate plastics have only recently begun
to assume commercial importance, although considerable development work has been done in this field during the last 30 years. The increase in the use of
cellulose acetate sheeting, as the plastic filler sandwiched between tw^o glass plates to form safety glass,
has been spectacular. Since 1932, before which its use
for this purpose was negligible, acetate has almost enMILLIONS
IOO

15

SURVEY OF CURRENT BUSINESS

November 1936

tirety displaced pyroxylin for this purpose. Cellulose
acetate films include not only the slow-burning safetyfilm used for home movies, X-rays, etc., but also a
transparent wrapping material which provides a close,
even, and uniform fit in packaging.
United States production of cellulose plastic products
in recent years, according to data compiled by the
United States Department of Commerce, Bureau of
the Census, from figures supplied by manufacturers
representing the entire ind ustry is shown in the following table:
Production of Nitrocellulose and Cellulose Acetate (Aceto-Cellulose),
1933-36
Nitrocellulose

Cellulose

Rods

Tubes

acetate
sheets, rods,
and tubes

Pounds

Pounds

Pounds

Year
Sheets

Pounds
1933
1934
1935
First 8 m o n t h s :
1935
1936

9, 508, 222
9,771,711
12, 528, 042

1,901,812
1, 770, 606
2, 739, 259

506, 039
817,517
938,112

2, 482, H I
4, 826, 347
10, 504, 003

7, 767,158
8, 217, 270

1, 836, 825
1, 600, 139

622, 509
532, 225

6,110, 272
7, 677, 875

In considering the table, attention is directed to the
fact that thefiguresrefer exclusively to the raw material
phase of sheets, rods, and tubes. It is likewise well to
bear in mind that cellulose plastic solutions (primarily
for lacquers), smokeless powder, and rayon are likewise

OF POUNDS

1
2
3
4

COAL-TAR AC/O RESINS - PHENOL, CRESOL, ETC.
ALKYD RES/NS - PHTHALIC ANHYDRIDE
OTHER COAL-TAR RESINS - COUMARONE, INDENEt ETC
NON-COAL-TAR RESINS ~ UREA, ETC.

20

ISIS

1919 1920 I92I

I922

I923

I924

I925

I926

I927

I928

I929 I930

I93I

I932

I933 I934

I935

D.D. 6857
Figure 1.—Synthetic Resin Production
NOTE.—For years marked with an asterisk (*), the figures are either partly, or entirely, estimated. For the period 1933 through 1926, only two companies were operating and hence the figures could not be published without revealing the operations of the individual concerns. In other years, estimates are as follows: 1933, coumarone
and indene resins and resins derived from maleic acid; 1934, coumarone, indene and sulfonamid resins, and all noncoal-tar resins except urea resin; 1935, coumarone ana
indene resins, and all noncoal-tar resins except urea resin. The dotted lines indicate the probable growth for the various items, starting in the years specified.




16

SURVEY OF CURRENT BUSINESS

cellulose plastics, but are not treated in this article.
Reference is made to them, however, to facilitate visualization of the magnitude of the cellulose plastics
industry as a whole, which in the aggregate has so
materially increased the demand for processing chemicals. For example, the production of requisite organic
acids, solvents, stabilizers, and miscellaneous organic
chemicals has grown many fold over the past decade,
due in part to wider use and acceptance of cellulose
plastics.
The table gives an indication only of the trend in the
past 4 years. Data are available, however, from the

November 1936

1935. The growth of aceto-cellulose production during
the past few years has been rapid, and during 1936
practically all of the increase in production has been
from this source. In 1933, the first year that the output of aceto-cellulose was reported separately, this product contributed 17 percent of the total production
whereas during the current year it represented 43
percent. If the present rate of increase continues,
production of aceto-cellulose will approximate that of
nitrocellulose before the end of 1937.
Foreign Markets

Development of the plastics industries in foreign
countries has not proceeded at a pace comparable with
that experienced in the United States, though considerable progress has been made in recent years, particularly in the United Kingdom, Germany, France, Italy,
and other European countries, as well as in Japan.
Very little plastics material is imported into the
United States, but as foreign manufacturers are beginning to appreciate the utility of such products our
exports are assuming considerable importance. Preliminary statistics show that during the first 7 months
of the current year the value of such exports was as
follows: Pyroxylin scrap, $93,000; pyroxylin plastic
film base, $1,481,000; pyroxylin sheets, rods, and tubes,
$266,000; cellulose acetate sheets, rods, and tubes,
1929
1930 1931 1932 !933 1934- 1935
$211,000; nitro- and aceto-cellulose solutions, $438,000,
and synthetic gums and resins, $400,000. These figures,
Figure 2.—Cellulose Plastic Products
of course, do not include finished plastic articles nor
NOTE.—Data for 1929 and 1931 are from the Census of Manufactures. Subsequent
figures are based on monthly reports to the Bureau of the Census, from the entire
exports of plastics that go to foreign countries incorindustry. Data showing the two major types of plastics separately are not availporated in such products as automobiles, radio sets,
able prior to iy33.
and numerous other manufactured articles.
Bureau of the Census reports to construct a chart (see
Having attained its greatest growth during depresfig. 2), which shows the trend over a somewhat longer sion years, the outlook for the American plastics
period. It will be noted that production in 1935 industry appears bright. More and more manufacexceeded by a considerable margin the 1929 output, turers are finding that these materials can be utilized
while, for the first 8 months of 1936, there was an in the manufacture of their products because of both
increase of 14 percent over the comparable period of economy and sales appeal.
MILLIONS OF POUNDS

30




17

SUEVEY OF CURRENT BUSINESS

November 1936

LIFE INSURANCE—NEW BUSINESS WRITTEN
[Number]
Policies and certificates
Year

Total policies and
certificates

1913 monthly average- __
1914 monthly average,__
1915 monthly average
1916 monthly average, __
1917 monthly average

459,
491,
517,
520,
548,

1923

Month

900
297
395
609
453

1924

Policies and certificates
Year

Ordinary
policies

Industrial
policies

77, 581
77,017
82, 293
94,205
108, 250

1925

379, 819
410,189
428, 559
414,605
414,443

192G

Total policies and
certificates

Group certificates
1918 monthly average,_
1919 monthly average, _
1920 monthly average, _
1921 monthly average, _
1922 monthly average__

2, 500
4, 090
6,542
11. 7391
25, 760

1927

1928

1929

1930

569.004
681, 628
739,071
720, 402
766, 569

1931

Industrial
policies

Ordinary
policies

1

1932

109,512
176, 660
200, 642
160,038

433, 226
465, 248
499,938
550,065
582,102

163122

'

1933

Group certificates

1934

1935

26, 266
39,720
38,491
10, 299
21, 345

1936

TOTAL POLICIES AND CERTIFICATES
January
February
March
April
May
June
July
August
September
October
November
December

733, 564
732, 351
906, 299
1,180,295
1,044,939!
931,931
830, 374
772, 141

Monthly average

96'), 795
839,082
812,5S6I
935,7^7
934, 773, 1, 0." t, 5.V2
910. !."> 1.05 5. ())',
<)2, 607, 1, 17* 5
S \ 70 1 1 , 036, ,'tlM
974, W

'i2.r7:J!
871, 707
868,4881
869. 7!?
1, 049, 8521 1, 221. 807i
1
1
1,221
926, 3s^i

1.039,711'
^<>5. S1T|
1, 12'), SM
1,075,13c,
1, 123.S76
i, 023, ' 3 1 '
,I

916.020
l.'M2,."il
1, 20!. 232
1, 1 >O. .5->'.»,
1. ! ;..'..")•.••
1, 0 ,3. .\70
970.
J. 022, 771

1, 049,414 947, 572
1, 053, 299 994, 642
1,183,2051 1,148, 510
1,149, 165 1,112,928
1,101,028! 1, 096, 415
1, 044, 732 1, 079,803
1,159,487 1,045,224
1, 020, 060 1, 003,120
951,997
, 231 940,783
. 225. •«•r.i 1.211."'is 1, 1 lc,-!.i«. I . I I . L ' . M L l.O.'T. :i')7, i.OM). 17(> 1.102,864 1, 228, 065
«M 1 . 2 ' ( M : J I I l,.».>-\-2i)." 1.2.>7,(ir" l,(L"'.f.!7 1.1 -0<». 1'2S' 1,059,275 1,045,999
7.5 l.L". l.'.).J* l , 1 6 \ 0 6 2 1,51-, 17i»
!'>7, 305 1. (H'3, 5i2, 1, 258,002 1,032,703

l , 0 9 \ 0 3 : 1,023. SOT 1,008, 66<S
, 3TS' l.O.Ki. 910 1,0-ili,
1..M7,
1,221.920
1,1'M.sH
1.112,211
l,0>7, S16
I, IV,. ''37
J. (>'"»,:;()!
, l ' 7 i , Mil 1, Os<), 203
.'U\s(\< 1,151,.! -7
,0')<;. 12S 1, us .<>')- 1,0 ,\i,\>2 , 2 i, 1.?^ 1, -i21, 92M 1
,112,21!
.111,372
,313, 2 i s
,211.760
. !'.5. 271
. lM,f,02

1 ;<^,M7
!,!"»", 051
1,370, M1.2*2.020
1,22", 12'
U 22\4,>

1 . 4 5 L 7 3 ] 1,07"! 07o
1. Oi'3. ^31 1. 16", 571 1. IT \'.'.".">
1, 235, 16S 1. 317, 13 1, 1, 155, .".i)'<
1
1
'
'
I.05T. 56si 1,(^0, 652 1, 082,179 1. l."W, 02r. 1, 22'I, 979 1,174,795

1. 1V"J, C»2r. l,O72.f.71

921,182
!ML'.i>(.li
1,015, M>2
WI.^'H
1.C32, 100
1,071,317
1, (.75. O."4
1, 15 \, :i^()

1,037,996!
1,013,0331
1,227,218
1,176,493
1, 199,460
1,129,979
1, 040, 282
1, 071, 436

I
1, 036, 2531 1, 099, 606 1,083, 995

ORDINARY POLICIES
fanuary
February
March
April

183, 579
182,812
219,615
210,081
211. 968
201,021
186, 042
163, 935
157,180
181, 073
202, 814
212,313

173,1').")
ISO, <
217.(1141
212,408
22S,1001
216,069
212, OH
200, 210
lSo, 070
211, 439
216, 146
235, 300

1S1,P74|
,9,651!
2 HUMS'
227,07'.'!
224, 431 j

June
fuly
August
September
October
November
December

168,834!
166, 435
213,111
196,757;
208,419:
206, 628
190,618
182, 047
163, 379
190, 852
193,188
213,113

1 So, 363
202, 9711
215,
237, 433
232, M l
235. 'Af\s

2!l!l>7|
197.312
1S:UH'»|
210.4011
221.8V/J
264, 5X0!

Monthly average. _-

191,115

192, 703

207, 655

215,7151

•VEay

21S. 613
2<6, 511
2V.).rtOl'|

2">2. 36s
2 .". I l l
327,^27'

2H>\ S1 .">'

306. 797|

229, T09
21"), 2."7
3r\iO5

210.'922
]•«"), 711
20."). (5271
202, ISO |
217,814

1 s-1. 0 >o
210, S27i
2", 7.
227, 259
276, 9^2
2-9, 39.)
246. 1<M
211, 1",2
211.3"")
2(>0, f."<>|
251, .")!()!
281, S7."l

2'K), 204,
271.33")]
2t»l». " I l l
2')'.»,' I.)1
2 12, 2 7 "
2s"), 1»(»3'
2T\2Oll
305, S ",«)|

21 1 1,363
26",. 12.")|
2OC), 251
211 0»,7
22.". 755i
2.>, 323'
251, 1S2
315, 103

2s\9r»
2v2, S56
257,9"<l
2.^0.69.^
221. 231
2"3,'"63
2,)6,6 l )0
347,72s

216, 514
31 li
513
246,' M.OJ
231, ">')'
213. 465!
226, w-,|
231. 432'
227, S41|
2116! 940
256, 56()l
296, 366

216,729

245,395

270,164

272,098

269, 067

248, 027

2W-,2(J'1

255,
224. 153J
245. Wis
267, 993
273, 222

242,845
245. 931
302, 972
2M).S01
297, 179
274, 053
218,253
253,807
209, 450
256,854
254, 412
281, 685

280,757
249, 279
267,830
263, 476
259,402
247, 403
236,193
232, 800
204,346
267, 333
246,133
275,763,

247, 917

263,104

252, 560

231. 1431
256. 1601
156
209!

215, 226
201, 506
226, 602
215, 645
228,654
237, 793
223,389
202, 353
197, 691

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

_._

Monthly average

547,155
550, 971
669, 471
950, 443
796, 538
693, 473
608, 854
566,992
556, 415
668,393
656, 873
681, 525

766, 821 618,425
649,135
732,120
693,674 809, 517
705, 346 803, 384
760, 648 882, 325
674, 481 788,352
595, 545 734,531
609, 703 717, 402
614,848
691, 227
830, 831 1,199,183
641,128
851, 209
903, 065 824, 881

817. 246
653, 943
844, 659
787,138
859, 630
743,137
716, 607
719, 203
714, 041
822, 459
870, 324
838,577

679,290
901, 786 1, 051.983 802, 585 749, 849
767,121
846, 745 891, 644 783, 235 731, 421
890, 5601 1, 049,955 1, 045, 058 973, 678 881, 059
893, 01
865,139
851, 905 980, 796 984,177
845, 264
902,343
839,453
888, 462 847,842
816,966
840, 312 880,770 1,162, 942 925, 851
898, 318 993, 819
732, 665 753, 773 809,110
781, 361 740, 371 795, 451 804, 504 994, 528
745, 664 770,416
805, 623 721, 848 722, 866
846,805
992,140
946, 284 879,483
761, 207
940, 847 782, 026 941, 358 740,919
951, 428
793, 704 1,156, 286
783,539
951,002 868,763

803, 546
815, 947
931, 355
859, 751
833,423
829, 656
845, 294
773, 803
680, 597
781,262
746, 709
647,876

688, 366
680, 987
775, 871
746, 682
762,148
792, 382
801, 977
881, 342
702, 312
812,112
771,980
773, 223

766, 297
751, 965
894,119
840, 919
867,879
805,106
766, 005
792,675
653, 550
821,330
784,142
922,027

744, 527
789, 849
891,893
853, 832
803, 500
769, 052
756,182
763, 721
716, 259
934,481
775, 272
692, 385

662,259

703, 769

782, 247

823,700

795, 768

765,615

805, 501

790,913

804,380

866,910

901,824

855,616

881,560

702, 759
769, 320
889, 638
867, 723
820, 794
805, 030
767,175
771,404
724, 617

GROUP CERTIFICATES
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average
1

155, 214

16,395
10,639
21,484
24, 732
19,991
13, 202
17,873
14, 814
13,896
70,7 '
25, 770
109,429

47, 462
22, 764
26, 991
37, 244
23, 174
32, 202
27, 762
68, 887
20, 033
38,109
26, 476
175,:

40, 794
52, 250
44, 257
60, 919
39, 815
43, 710
53, 057
40,882
47, 743
44,213
70, 363
214, 277

51, 967
32, 452
64, 803
30,991
30,805
41, 042
29,100
30,488
13, 496
23,797
27, 928
124,123

26,408
53, 800
35, 788
36, 705
48, 839
51, 895
38, 905
24, 605
52, 943
18,911
42, 358
128, 298

57, 921
26, 859
35, 986
47, 028
45, 455
66, 353
72, 923
40, 622!
21, 799
49,062
39, 571
120, 316

43, 081
34, 732
45,913
61, 998
45, 832
52. 009
74,171
38,851
45, 713
35,311
28,104
59, 255

44, 449
60, 232
28, 093
59, 230
35,145
44. 909
22. 328
26, 217
21,646
17, 942
18,942
44, 456

48, 578
20, 548
21, 028
35, 653
23, 013
26,183
17, 844
16, 691
41, 463
29,105
23. 342
43, 063

9,178
14,043
12,193
14,038
14,092
24, 779
32, 868
17,825
33, 395
23,190
29, 955
47, 097

28,854
15,137
30,127
45, 773
34, 402
50,820
26,024
24,954
16, 231
24,680
20, 721
54, 290

34,847

29,916

45, 533

62, 690

41, 749

48, 621

51,991

47, 081

35, 299

28, 876

22, 721

31,001

17,575
14,945
23, 717
33, 095
39,982
31,830
30, 902
23,102
16, 911
12,462
18,427

See footnote on p. 18.

101104—36
3



24,
14,
23,
31,
38,
28,
167,
23,
20,
26,
24,
64,
40, 523

29,587
23, 816
32, 270
29, 560
46,967
36,980
54, 660
29,363
29,689

18

SURVEY OF CURRENT BUSINESS

November 1936

LIFE INSURANCE—NEW BUSINESS WRITTEN—Continued x
[Thousands of dollars]

Amount

Amount
Year

Year
Ordinary

Total
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average_
average _
average _
average _
average.

Month

191,242
193, 742
205, 517
242,462
281, 856

1923

1924

Industrial

137, 597
134, 736
143,462
177,256
205,510

1925

Group

51,909
55, 217
58,128
58, 645
61,484

1926

1927

1,736
3, 790
3,927
6,560
14,861

1928

Ordinary

Total
1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly

average _
average.
average.
average.
average_

1930

1929

300,946
487,012
580,014
485, 982
550,724

1931

1932

Industrial

214,292
373, 647
451, 492
371,912
409,455

1933

Group

66, 099
77,901
93,044
104,813
118,233

1934

1935

20, 555
35, 465
35, 478
9,257
23,036

1936

TOTAL

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

559, 790 697, 682 729, 852
562,010
646,598
753, 363
706, 705
783, 407
885,633
744,535
763,162
893,689
746, 326
773,836
931, 741
739, 826
727,489
875,171
644, 706
689,540
870,376
619, 245
618,670
894,419
550, 337
584, 954
733,091
638.176
819, 775
908, 064
659, 768
678,816
899,289
948,132 1,033,419 1, 236, 438

Monthly average - - .

676, 630

734,779

884, 261

834,734
849,537
845, 442
870,616
026,620 1 ,084, 330
967,421 ll , 000, 370
967, 819
982,873
971,607
980, 514
906, 777
873,193
842, 966
874,804
788. 930
756. 200
887,313
913,154
963,196
904, 760
281,484 |1,079,316

857,717 1,017, s s l
959, 209
9(>1,12s
1,103,421 1, 161.651
1,022,9,"} 1, l l l . q n
1,170,000 i, 112, ,1N1
1, 072.s ,.-)
917, 3 M 1' (N>!."' 9
867, 171 i l . O l h , 29s
1,002, 2i A
95s. 7^6
91."). 41'1
310
1, 26.1, 5i)s

SH..3O3 '
1,214,
1, 1*1..

,021! 737
,017/) 27

•«•'?.'), 6 s 1
S V.. 6 , ]

817,712

'J71.*7")

91 i
1,0."" M)
i 'M7 716
i

! or,

Of, 1.351
71 \,('
SI 2. 1

612

1,110. "\i

940,359 II 930,806 il, 009, .',97 1, 0f».?, 971 l , 0 2 \ 3,15
I

916,92(1

7 <\ 17b

610.307
603. 794
6,7, 2\i
021 '»7(>
611. 102
0*4 0l2
(()J. 1()7
f>-l, 01 i
5"->, S2S
( / I . 1 '7
676. Y)2
707, 797

661,417
642,402 I
7M, 120 I
791, 2"0
7*7.0-7

610.0S6

712,762

419. 11)

1.31. T,7r.
u s , 7s i

«21,403
71S, 161
76 i, 007
7 2 M , l'U)
72f ^ " 7
6S'», * .-,
SUM ,">')">
646. 5 71

"Is. lr.j '
672. ,\rr2
b •>(), 9 1 1

678, 006
661,473
77? 355
739^ 807
749.374
767, 978
749.491
66R,638
630, 831

&':!!» |.
fi% 071 !_
7^2, 250 L

ORDINARY
498, 914
487,425
591,581
560, 388
565, 221
551, 504
523 187
454,214
420,548
490 213
489 475
623, 329

513,451
539, 001
0." 1, 232
630, 379
074, lt(),l
629.193

November
December

428,912
^31,130
54b, 864
501, 380
538, 274
537, 458
490 342
470, 186
404, 043
476 298
494 089
563, 481

5S6, 1S6
520, 1N9
5<>f> 9l)7 |
5S0 l) 43
6<!b, 361

6'.>7 0.17
791,024

Monthly average...

489,955

521,336

604, 131

638, 970

January
February
March
April
Mav
July
AugustSeptember

51.296
21,019
)7 3,2.11
>7»>, 111
"00,010
>31 337
">1\ 197
VIS -1X7

56:>, M)0
617. 271)
73'. 1, 572
726, 131
61)5, 529
Ol'O. 917

-s ()-

Cu,,i, M()

641, 7."'(1> ;
',00,1M
7 IS, 101)
711.212
(its ,1C)

675, 713

723. .7J1

$:''£

S : '.17

792, 2."7
710. 12.1

711,V>1

6S7. 3M

610 7s>
535, >.6'»

5S7, 010

!•>_, 10.1

4-'.\ i s i

420. so-!
4 N .114
442 671

>>'2(), 0 5 . 1

575 063
703,215

.125. :UV)
6.13 137
6.1s 90''
795, 222

./•)!•, 71' 1
(Vi1) 'MM
(>\)\ s>)S

621, 13o

736.2,-9

5si r,7i\
747,137

4 11 .1 ' 1
510. ;,04

45s. 071

4ss,007
4H ll,f
4 14. ;<2S
3"0 ''.0
43- ."'14
43s 7C)>
519,677

639,830

073. 650

723 67S

609.717

617, 485

494,277

423, S13

460,710

o ' s r>()
619 6,0
521, m

(ill) 0 1 2

f;r.,i.
i ( »~
:>V*
47s.

.if.',)
i1"
O'-6
It fi

4MH. 134
43(). 03.1
400, 412

4 1 3 'ii,>

4'V 03!
370 <W5
41.1 765

.7)7. s.')0
S>s 716
-If, ( 4 . 5
4(J' AH
i n . : ; i.'i
4 N ,1 Is
411.3.5316,^73
4,7. 0*7

443, 681
41s. 920
Pi), 132
4."s, 237
r.<>, 779
4(L\ 550
4 I1-1 496
41)7,406
3>7,229

519,770
465, 0S0

INDUSTRIAL

January
February
March
April
May
June
July
August
September
October
November

112, 678
114,758
137,853
208,105
162, 326
147, 444
132, 798
127, 090
124,905
152, 061
146 882
153 154

179,656
143, 762
156, 792
158, 557
173, 629
154, 495
135, 015
141, 525
145, 052
198,461
150,718
225 892

147, 441
177, 666
193, 604
196, 895
217,735!
198, 113
182, 991
181, 048
175,114
256, 704
207, 980
223 883

227,153
174.782
230. 203
215. 504
235.207
202, 315
194,315
199,076
197. 277
226, 523
235, 691
228 008

185,292
207, 217
241, 701
227, 279
241, 661
221, 780
200, 835
211,157
200, 622
265, 974
252, 737
211,076

236, 303
221, 948
273, 551
259, 901
216, 396
214,882
194, 642
193, 365
198, 949
233.530
202, 948
246, 045

265, 998
230, 778
274, 824
256, 279
240, 501
242, 106
223. 680
219, 144
221, 006
240, 488
249,247
234 046

218 02"
212, 813
264, 415
241, 129
230,0S3
311,92.1
247, oCfi
233, 745
210,423
243,779
208, 481
228 803

214, 320
208, 888
246, 663
234, 941
236. 293
250, 658
253, 228
246, 908
199.217
213,931
230,344
261,773

217,552
220. 568
251, 059
236. 898
222, 956
213,298
206, 641
196. 340
174.156
198, 053
184,883
154, 864

16^,312
168,400
187,761
183, 462
190, 138
198, 046
205, 780
229, 545
180, 105
212,452
202, 843
194, 030

197,108
196,816
228,106
220, 366
226, 013
211,473
202, 255
212,380
170,935
216. 439
205, 463
239, 873

196. 255
209, 017
235, 261
228, 189
215,323
205, 951
203, 465
208, 509
190, 044
233,988
207, 408
187, 874

Monthly average...

143, 338

163, 630

196, 598

213,838

222,278

224, 377

241, 513

237, 594

233, 097

206, 439

193, 406

210, 602

210,107

193, 344
212, 055
246, 010
244, 356
230. 465
233. 333
220, 672
221,692
208, 001

GROUP

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

18, 200
16,122
24,988
35, 050
45, 726
54,924
21, 566
21, 969
21, 389
9,817
18 797
231, 497

19,082
15,411
35, 034
44,217
34, 986
21,490
31, 338
22, 931
19,354
131,101
38, 623
184,198

68, 957
36, 696
40, 797
66, 415
39, 041
47, 565
54,947
126, 885
37, 788
54,433
111,066
314,194

56, 280
83, 088
72, 368
80, 663
56, 458
69, 282
78,125
55, 632
73, 456
62, 353
100,448
262, 452

94, 445
46,120
103, 057
46, 960
45, 683
67, 817
54,229
43,977
31, 475
48,625
76, 960
165, 025

46, 841
91, 505
57, 986
62, 007
205,195
113,711
74,196
56, 926
277, 943
72,119
53, 569
224, 331

98,637
58, 607
64, 812
72, 238
109, 827
106, 589
147, 657
99, 773
75,151
105, 394
86,165
160, 514

64, 313
59, 931
73, 234
113,514
91,263
106, 782
130, 036
73,188
138,492
51, 552
59, 340
130, 520

78, 362
103, 587
61,919
99, 069
71, 845
81, 647
46,186
45, 944
37, 300
40, 505
28, 595
101, 205

111,920
35,122
45, 574
64, 883
49,114
50, 606
36, 984
28, 979
61
38, 868
36, 262
67,810

22, 546
16, 842
17, 346
21,711
22, 450
43, 295
42,455
24, 437
23, 028
25, 920
41, 483
55, 693

32, 673
26, 862
33, 241
62, 213
40, 989
57,812
46, 795
39,628
21, 087
36, 206
28,137
71, 394

27, 348
20, 388
30,611
37,495
50, 231
39.537
267, 582
26, 524
22, 501
31, 338
36,981
74, 606

43, 337

49, 814

83, 232

87, 550

68, 698

111,361

98, 780

91,014

66, 347

52, 262

29,767

41,420

55, 429

40, 981
30, 498
56, 213
37,214
59,130
42, 095
79, 323
39,540
35, 601

ofLife
Life Insurance
InsurancePresidents
Presidentsa and
supersedet h
the
datashown
showninint hthe
1932AAnnual
84 and 85;
1 Compiled
Compiled by
b y The
The Association
Association of
n d supersede
e data
e 1932
n n u a l SSupplement,
p p , ppages
g
; in the July
y 1933 Survey,
y,
t
1936 where
h
d
i tth
i d fform were llast
t shown.
ho
sh
a b e were compiled from reports of
pages 18 a ndd 19
19; a ndd iin th
t h e m o n tthl
h l y iissues u n ttil
il A
August
d att a in
h e unrevised
T h e d a t a shown
above
include
w^hich h a d in force 83 percent of t hee to
total b
business
T h figures
fi
i l d only
l new
40 companies which
u e s o u t s t a n d i n gg in all United States legal reserve companies a t t h e close of 1935. The
b i
id ffor a ndd iis exclusive
l i
i l
iincreases, a ndd d
i i d d additions.
dditi
business
t hhatt h a s b
been paid
off revivals,
dividend




19

SUEVEY OF CUKRENT BUSINESS

November 1936

LIFE INSURANCE—PREMIUM COLLECTIONS1
[Thousands of dollars]
Year
1913 monthly
1914 monthly
1915 monthly
1916 monthly
1917 monthly

average__
average.average._
average..
average.-

Month

Ordinary Industrial Group Annuities

Total
48, 981
51,331
53,963
58, 283
64,292

1923

1924

38,168
39,699
41,445
44,860
49,544

1925

10, 778
11,580
12,421
13, 280
14,440

36
52
97
143
308

1926

1927

1918 monthly
1919 monthly
1920 monthly
1921 monthly
1922 monthly
1928

1929

average _
average _
average_
average.
average.

1930

Ordinary Industrial Group Annuities

Total

Year

69,906
82,183
95, 762
103, 901
114, 798

1931

1932

53,563
63,105
73, 923
79, 769
87, 426

1933

15,807
18, 088
20, 342
22, 587
25, 751

1934

536
991
1,498
1,545
1,621

1935

1936

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

121,814
119. 898
137, 086
128, 869
129, 243
129,110
126, 271
125, 298
111,961
129, 123
128, 635
169, 626

136, 024
139, 286
143, 190
143, 221
147.515
140. 776
144, 556
132,315
129, 079
143, 326
136,316
203,141

155, 006
150, 681
172, 312
165, 220
164, 888
160, 707
163,181
149, 314
145, 272
159,342
158, 720
227, 715

168,148
167, 052
187, 631
180, 602
173, 696
177, 875
178, 326
163, 206
160, 308
171, 730
174, 774
233, 737

185, 431
181,475
207, 288
197, 351
192, 320
198, 243
188, 223
187,109
176, 490
189, 496
192, 224
261, 577

208, 088
217, 489
223, 508
211,794
220, 952
209, 022
210,585
190, 805
188,411
213.900
207, 852
283,102

220,318
227, 281
230, 486
233, 436
231, 163
219, 063
230, 407
214, 741
204, 018
220, 095
221, 883
290, 439

244. 235
228, 890
259, 185
238, 720
241. 901
235, 809
238,019
219, 555
217,392
233, 388
224, 377
331,021

250,519
238,962
267, 087
255, 607
205, 833
253,620
257. 139
232, 131
219, 530
23*. 687
232, 499
345, 710

245, 270
247, 336
258, 096
248, 011
242, 537
239, 553
235, 609
232, 203
207, 905
234, 072
221,215
333,272

239 503
220 883
220 773
224 739
239 385
235. 010
252 089
221, 088
200 719
223, 319
212, 582
323, 109

247, 475
222, 615
249, 152
242, 908
242, 417
244, 362
250,616
232, 877
209. 893
243, 181
234,427
3o5, 546

299, 651
242, 057
250, 420
250, 815
252, 955
240,355
200. 721
238, 531
223,811
244, 678
249,538
348,175

Monthly average

129, 745

144, 895

164, 363

178, 090

196, 440

215, 959

230, 661

242, 963

254,782 ! 245,436

235, 936

248, 789

258, 978

283, 709
250, 063
259, 941
248. 049
250, 655
251,841
255, 954

ORDINARY
January
February
March
April
May
June
July
August
September
October
November
December
Monthly average.__

91,
91,
106,
98,
100,
98,
95,
94,
82.
117
97, 596

103,423
106, 516
108, 692
111,441
112, 117
105, 751
110,919
97, 445
93,120
106,897
101, 532
139, 339

114,285
114,655
126,117
126. 207
124. 728
119, 407
123, 141
107, 824
105, 091
110,732
116, 027
155, 597

121, 894
121. 144
139,473
136, 599
129, 146
129, 922
131, 230
115, 085
115, 698
123, 007
125, 100
152, 107

132,446
133,386
155, 978
140,274
141, 627
146, 497
135, 992
132, 022
120, 432
134,433
139, 089
165, 203

145,906
151, 673
166,030
155, 175
102. 838
151,939
150,217
140, 872
133, 330
151, 702
152, 120
179, 160

157, 574
157, 005
172, 812
169, 331
171, 254
155, 917
100, 981
151, 409
140, 761
166. 493
153, 830
188, 260

101, 595
160, 322
179,536
171, 405
172,429
103, 540
108, 034
148, 458
145, 449
102,808
152, 013
190, 071

167, 458
164,128
183, 883
181,146
173, 015
171. 252
175, 745
152, 289
148, 037
103, 037
150,341
198, 354

161, 691
167,819
179, 159
109, 019
105, 282
100, 119
155, 444
153, 822
137, 752
151,803
151. 297
179, 330

153, 700
150,334
153. 3C7
155,787
103,128
154. 750
153,898
143, 537
130, 208
143, 784
143,898
170, 693

154, 310
144,143
163, 126
157, 674
157, 521
153,008
154,952
142,250
128, 740
152, 742
141,835
178, 681

166,176
153, 007
159, 798
158,790
102. 075
149, 489
102,509
145, 388
130,887
155, 319
153,827
179, 031

108, 099

120, 828

128, 423

140,832

153, 419

162, 690

164, 643

169, 557

161, 545

151, 424

152, 420

156, 858

167,172
158, 809
161,147
158. 924
155, 901
155, 044
161,712

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

28, 002
25, 706
28, 640
27, 869
27, 339
29,169
28, 877
29, 006
27, 378
30, 697
29,195
48, 804

29, 867
30, 200
32, 814
29, 235
32, 903
32, 744
30, 758
32, 530
33,811
33, 404
32,191
59, 616

36, 550
32, 901
37,022
33,829
36, 574
37,977
36, 665
37, 808
37, 057
38, 951
39, 074
65, 018

41, 247
37, 801
43, 344
39, 719
40, 299
43, 747
42, 639
43.419
40, 827
43, 988
45, 281
73, 947

45, 920
43. 280
45, 534
45, 650
45, 750
46, 584
47,108
49, 220
45, 741
49, 272
48, 273
89, 926

54, 564
48, 193
51,013
50, 691
52,184
51, 509
53, 072
50, 228
49, 343
55, 691
49,155
96,864

53, 80G
51, 956
56,159
55, 769
52, 218
55, 801
57, 932
56,143
56, 773
51, 705
57, 973
97, 619

58, 711
55, 659
65. 605
53,948
58, 459
59, 522
54, 602
58, 901
59, 859
55, 851
58,108
112, 665

62, 659
56, 387
62,920
53, 854
59, 884
60, 653
55, 612
62, 874
55, 319
58, 365
59, 204
113,491

60, 570
61,157
56, 810
57, 693
57, 954
55, 020
57, 066
58, 636
53, 379
58, 052
51, 048
116, 839

59, 243
51, 997
50, 448
48, 520
53, 440
50, 987
54, 025
47, 853
52, 939
53, 612
46, 253
113, 588

59, 051
51,121
54,012
52, 339
48, 018
54, 523
54, 072
49,111
50, 772
55, 301
48, 393
104, 056

52, 549
53, 512
54, 257
54, 620
48, 658
52, 331
55, 488
51,561
53, 941
49, 790
54, 002
94, 212

30,057

34,178

39,119

44, 688

50,189

55, 209

58, 655

62, 663

63,435

62, 019

56, 909

56, 731

56, 244

2,050
2,531
1,868
2,038
1,684
1,771
1,930
1,925
1,695
2,174
2,345
3,093

2, 734
2,570
1,684
2, 545
2,435
2,281
2,879
2,340
2,148
3,025
2,593
4,186

4,171
3,125
9,173
5,124
3.586
3,263
3,375
3,682
3,124
3,659
3,619
7,100

5,007
8,107
4,814
4,284
4,251
4,206
4,457
4,102
3,783
4,735
4,327
7,683

7,065
4,803
5,774
5,427
4,943
5,162
5,123
5,327
4,317
5,791
4,862
6,448

7,618
17,623
6,465
5,928
5, 930
5,574
7,296
5,705
5,738
6,447
6,577
7,078

8,938
17, 660
7,515
8,336
7,,691
7,345
11,494
7,129
6,484
8,497
10,080
10, 560

9, 669
8,099
8,343
7,598
8,003
7,615
8,480
6,508
7,220
7,944
7,269
9,225

10,108
8,667
8,790
8,398
8,037
8,117
8,114
7,895
7,520
7,485
7,464
10,166

8,861
8,224
9,333
8,178
7,205
7,683
7,506
7,980
6,798
7,285
7,063
8,644

9,235
7,571
8,718
6,878
7,787
7,412
8,253
7,902
6,842
7,216
6,909
9,226

9,060
7,765
9,724
8,255
8, 250
7,814
8,885
8, 350
7,870
8,344
7,845
9,753

9,864
8,785
10,114
8,580
8,966
8,415
9,567
9,281
8,537
8,546
8, 515
10, 682

2,092

2,618

4,417

4,980

5,420

7,332

9,311

7,998

8,397

7,897

7,829

8,493

9,154

14,260
4,810
5,701
5,769
6,010
5,192
6,903
5,628
4,864
6,725
6,987
19, 060

10, 294
9,780
11, 494
12, 269
24,897
13,598
17, 668
9,073
8. 654
9,800
9,490
23, 699

14,148
10,136
12, 794
13,151
12, 096
10, 731
15, 653
11,765
10, 036
16,932
11,807
28,459

17,325
16, 981
14, 300
13, 554
15, 030
21, 891
35, 913
21, 796
16, 670
18, 707
15, 522
29, 602

25, 054
19, 586
22, 290
24, 640
28, 628
28, 957
32, 707
33,166
22,511
26,794
36, 354
73,056

71, 062
26, 753
26, 251
28, 849
33, 256
30,120
39,157
32, 301
24,446
31,023
33,194
64, 250

7,659

13,393

13,976

19,774

31,145

36,722

53, 805
56, 245
58, 223
47, 959
55, 009
58, 926
51, 522

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

10,836
9, 451
9,790
10, 679
9,365
9, 700
10, 047

ANNUITIES
January
February...
March
April
May
June...
July
August
September..
October
November..
December..
Monthly average.
1

51,896
25, 558
30, 781
30,487
30, 380
27, 571
32,673

Compiled by The Association of Life Insurance Presidents and supersede data shown in the 1932 Annual Supplement, pages 84 and 85, in the June 1933 issue, page 18,
and in monthly issues until the October issue where data in the unrevised form were last shown. The data shown above are compiled from reports of 40 companies which
had in force 83 percent of the total business outstanding in all United States legal reserve companies at the close of 1935. The data include total premium collections, new
Digitizedand
forrenewal,
FRASER
considerations for annuities, and for supplementary contracts involving life contingencies. Annuities were shown separately beginning with January 1930.


20

SUEVEY OF CURRENT BUSINESS

November 1936

EMPLOYMENT AND AVERAGE HOURLY WAGES—CLASS I RAILWAYS x
1921

1922

1923

1924

1925

1926

1927

1928

1929

1930

1931

1932

1933

1934

1935 1936

Month
EMPLOYMENT (thousands of employees)
January
February...
March
April
May
June
July
August
SeptemberOctober
November..
December..

1,620
1,665
1,703
1,739
1,717
1,622

,613
L, 670
L,452
;L, 578
L, 693
L.788
L,804
L, 773

1,763
1,767
1,800
1,827
1,880
1,918
1,938
1,957
1,929
1,920
1,883
1,777

2 1, 678

L, 630

1,863

]L, 537
] ,530
] ,555
: ,563

Monthly average..

1,734
1,737
1,744
1,771
1,776
1,754
1,757
1,773
1,785
1,806
1,772
1,720

1,712
1,709
1,706
1,729
1,751
1,765
1,779
1,784
1,787
1,800
1,772
1,737

1, 713
1,716
1,729
1,767
1,792
1,817
1,840
1,836
1,838
1,849
1,811
1,757

1,707
1,704
1,714
1,742
1,776
1,804
1,806
1,779
1,771
1,767
1,712
1,643

1,597
1,591
1,609
1,642
1, 693
1,719
1,712
1,714
1,706
1,708
1,664
1,605

1, 578
1, 589
1,611
1, 649
1,697
1,719
1, 728
1, 743
1,731
1,733
1,664
1,588

1,544
1,527
1,530
1,556
1,585
1, 548
1,515
1,498
1,470
1,439
1, 378
1, 340

1,318
1,301
1,303
1,315
1,322
1,302
1,294
1,273
1,239
1,210
1,155
1,119

1,094
1,079
1,082
1,073
1.068
1,034
1,009
983
997
1,020
1,000
981

947
943
921
927
940
960
993
1,019
1,035
1,029
1,002
970

970
980
1,003
1,021
1,048
1,059
1,053
1,036
1,027
1,016
982
965

964
973
983
981
1,001
1,019
1,023
1,015
1,013
1,021
1,001
987

1,761

1,753

1,789

1,744

1,663

1,670

1, 494

1,263

1,035

974

1,013

999

991
1,042
1,032
1,061
1,080
1,089
1,097
1,102

AVERAGE HOURLY WAGES (dollars per hour)
January
February. _.
March.
April
May
June
July
August
SeptemberOctober
November..
December..

0.600
.593
.599
.598
.605
.605
2

Monthly average

. 600

0.611
.623
.605
.604
.596
.597
.569
.566
.583
.583
.593
.598

0.594
.607
.588
.591
.585
.585
.587
.582
.597
.589
.600
.602

0.603
.614
.603
.598
.595
.599
.595
.596
.604
.599
.613
.613

0.614
.628
.610
.605
.605
.601
.600
.602
.610
.606
.621
.617

0.625
.636
.616
.613
.612
.607
. 606
.608
.618
.616
.625
.630

0.636
.648
.625
.623
.623
.617
.622
.620
.634
.631
.638
.641

0. 647
.654
.637
.639
.628
.628
.633
.627
.645
.636
. 649
.655

0.653
.674
.653
.647
.643
.645
.640
.638
.656
.647
.661
.667

0. 666
.680
.659
.652
.648
.654
.652
.654
.665
.659
.680
.671

0.670
.690
.669
.665
.665
.659
.661
.662
.670
.665
.685
.676

0.679
.624
.607
.608
.605
.602
.608
.599
.611
.609
.616
.615

0.616
.631
.607
.613
.603
.603
.608
.598
.606
.603
.614
.617

0.612
.631
.609
.611
.601
.600
.620
.613
.630
.616
.632
.636

0.647
.667
.647
.676
.669
.670
.662
.659
.678
.667
.682
.686

.593

.592

.602

.610

.618

.629

.639

.651

.661

.669

.616

.609

.617

.668

0.682
.695
.676
.670
.670
.663
.664
.665

1
Data are compiled by the Interstate Commerce Commission and represent the number of employees, exclusive of executives, officials, and staff assistants, for class I
railways, including the switching and terminal companies of these railways. Data are for those on the pay roll at the middle of the month. The changes in the average
hourly earnings during 1934 were due, in part, to the restoration of H of the 10 percent wage cut made in 1932. The partial restoration was effective July 1, 1934. Another
H of the 10 percent cut was restored on January 1,1935, and the remainder on April 1,1935. Data for the separate classes of employees (executives, officials, and staff assistants)
are not available prior to July 1921, therefore, data comparable with those in this table cannot be compiled. It must be kept in mind that the average hourly wages are
effected
by changes in the proportions of employees in each wage group and by changes in the wage rates.
2
Average of six months, July to December, inclusive.

FACTORY EMPLOYMENT AND PAY ROLLS, WILMINGTON, DELAWARE 1
[Monthly average 1923-25=100]
1923

1924

1925

1926

1927

1928

1929

1930

1931

1932

1933

1934

1935

1936

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

,

Monthly average

107.8
108.7
113.3
115.4
114. 9
116.0
114. 1
109.6
105.3
105.3
99.1
100.0

96.2
97.9
95.5
99.4
95.8
88.8
90.7
86 8
83.1
85.0
92.0
94.6

99.1
97.9
100.0
99.4
102.7
101.6
95. 5
94.6
94.3
96.1
98.2
104.2

103.9
107. 5
108.4
105. 0
102.1
100. 3
99.1
101.2
101.7
98.1
98.4
102.3

103.6
105.8
105.2
101.6
98.2
95. 6
98.6
98.9
100.9
102.3
104. 6
106.8

105.8
103.3
101.9
100.8
101.1
99.6
99.3
98.3
98.8
98.3
97.7
99.6

99.3
101. 9
102. 4
107. 0
107. 3
107. 4
112. 1
115.9
115.0
111.8
113. 0
109. 5

105.8
102.5
103.3
103.9
102.3
100.9
96.3
96.1
90.5
87.5
81.1
79.8

81.1
81.7
82.6
81.1
80.8
80.1
78.0
77.5
75.3
68.8
69.4
70.7

74.4
75.2
72.8
71.6
69.4
67. 7
66. 3
64.1
66.9
66.7
67.1
69.2

68.1
68.7
65.5
63.8
67.0
72.7
80.5
86.4
88.5
86.8
86.4
85.1

81.3
85.5
87.5
88.3
87.8
89.9
88.7
85.0
84.6
86.2
81.6
80.2

80.1
79.3
79.0
80.6
81.0
83.0
81.5
83.0
83.8
87.1
85.1
87.0

109.1

92.1

98.6

102.3

101.8

100.4

108. 5

95.8

77.3

69.3

76.6

85.5

82.5

87.0
86.9
86.1
85.3
93.3
96.3

PAY ROLLS
January
February...
March
April
May
June
July
August
SeptemberOctober
November.
December..

101.2
101.9
110.3
115.2
118J
133.3
116.4
106.1
105.3
108.6
104.3
104.9

99.1
101.4
99.9
101.4
95 0
84.8
78. 7
80.2
79.6
82.9
84.3
97.5

103.1
99.7
100.9
100.0
104.9
98.9
92.3
94.2
89.2
98.4
101.0
106.1

109.0
112.1.
111.9
109.1
103.4
103.0
98.0
102.6
104. 2
101.4
102.1
107.0

104.2
109.6
108.5
106.5
102.1
96.6
97.6
98.7
102.3
104.2
106.8
112.5

107.0
105.3
105.2
100.0
105 0
102.9
97.5
99.7
102.0
102.9
102.0
108.0

104. 2
108. 4
106. 8
111.9
115.2
116.7
116.1
120. 8
122. 8
121.1
121. 2
117.9

114.2
108.4
109.0
112.4
109.2
108.7
102.8
100.3
95.4
91.3
81.6
80.0

81.1
84.1
85.9
82.1
84.7
80.5
74.1
72.8
68.0
01.8
60.4
62.6

64.6
67.2
64.9
59.9
56.1
54.2
51.4
49.6
53.1
53.4
51.6
54.7

51.8
53.3
48.3
46.5
52.9
58.9
67.7
67.0
69.5
69.7
67.6
68.7

65.3
70.5
71.2
72.0
71.2
74.0
73.7
69.9
69.3
72.7
66.1
65.7

66.3
67.8
66.5
67.7
67 2
69^2
67.9
69.7
71.8
74.2
74.6
78.4

Monthly average

110.5

90.4

99.1

105.3

104.1

103.1

115.3

101.1

74.8

56.7

60.2

70.1

70.1

78.0
76.5
75.6
76.5
79.1
82.9
84.8
90.5

i Compiled by the Federal Reserve Bank of Philadelphia from original reports collected monthly by the bank in cooperation with the U. S. Bureau of Labor Statistics.
The reports represent the Wilmington industrial area (New Castle County) and cover 1 pay-roll period ending nearest the 15th of the month. All pay-roll figures are reduced
to a weekly basis. The indexes, in a continuous series from 1923 to date, are based upon reports from approximately 56 manufacturing plants representing 28 major industries, which in 1935 employed over 9,000 wage earners and whose total pay roll amounted to about $9,901,000. Estimated on the basis of the 1933 Federal Census of Manufactures, the employment index represented about 65 percent of all workers engaged in the manufacturing industries of that area, and the pay-roll index represented approximately 67 percent of total wage payments. The indexes are constructed from combined totals by the use of the fixed-base method and are not weighted. The indexes are
not adjusted for seasonal variation, but they have been adjusted to the Federal Census of Manufactures from 1923 through 1931 and will be similarly adjusted to subsequent
Censuses. The base period used for the indexes is the monthly average for the 3 years 1923-25 taken as 100.




21

SUKVEY OF CURRENT BUSINESS

November 1936

WEEKLY BUSINESS INDICATORS0
[Weekly average, 1923-25=100]
1934
Oct. Oct. Oct. Oct. Sept. Oct. Oct Oct."Oct.
24
17
10
3
26
26 19
27
20
Business activity:
New York Times*
Business Week*
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)
Farm products (67)
Food (122)
Allother (595)
Fisher's index, 1926=100:
Combined index (120)
Copper, electrolytic!
Cotton, Middling, spot
__

101.1 102. 3 102. 5 102.3 102.7 90.2 89.3 77.2 77.8
75.3 76.0 76.9 77.3 76.6 67.4 67.0 57.4 57.6
81.1
84.2
82.1
80.1

81.2
84.7
82.5
79.9

81.2
84.1
82.6
79.9

81.3
84.5
83.0
79.8

81.0 80.3 80.7 76.2 76.2
83.1
79.5 70.8 70.9
82.5 84. 85. 75.4 74.9
79.7 78.4 78.4 78.0 77.9

84.0 83.! 83.8 84.0 84.0 85.3 85.5 78.8 79.0
68.1 68.8 68.8 68.8
65.2 65.2 63.8 63.8
44." 46.0 45.2
41.5 46.0 46.0

50.9 57.
43.5
Construction contracts!
85.1 16.2 85.5 85.4 84.2
Distribution: Carloadings
Employment: Detroit, factory..
99.
83.
Finance:
Failures, commercial.
Security prices:
Bond prices!..
Stock pricesj

53.5 28.4 33.1
76.4 65.2 66.8
50.2

39.3 34.2 40.3 36.1 32.9 57.5 53.1 55.3 52.6

1935
1934
1936
Oct. Oct. Oct. Oct. Sept, Oct. Oct. Oct. Oct.
27 20
24
17 10
3
19

ITEM

Finance—Continued.
Banking:
Debits, outside N . Y. C . t . . .
Federal Reserve reporting
member banks:!
Loans, total
Interest rates:
Call loansf
Time loanst
Money in circulation
Production:
Automobiles
Bituminous coalt
Cotton, consumption
Electric powerj
Lumber
Petroleum
Steel ingots
Receipts, ^primary markets:
Cattle and calves
Hogs
Cotton
Wheat

117. 2 107. 3106.8 104. 6 104.3
117.5
141. 6 142. 2 141.0 137.1 137.0 113.3 110.8 84.5 85.2
•Data do not cover calendar weeks in all cases.
* Computed normal=100.

103.8

>. 2 100.1 96.1 87.6 84.3 97.5

16.3

70.0

69.6 70.0 69.2 63.5 63.8

i6.5 66.6

24.2 24.2 24.2
24.2
24.2 6.1 6.1
28.6 28.6 28.6 28.6 28.i 5.7 5.7 20.1 20.1
130. 2 130. 3 130.1 129. 5 128. 6 117.
4117.6 112.3 112.9
78.3 63.0 51.1 29.9 20.7 81.3
95.0
93.7 89.4 85.6 79.3
124.0 119.0 123.1 129.1 102.0
130.1 130. 3 130.1130.2 129.5 113.8
63.5
52.9
62.7 63.2
148.0 147.9 145. 2 143. 4 145. 5134.3
97.4
100. 0 100. 0 98. 7 '.7

58.2 40.7 45.8
81.0 70.6 70.5
96.4 91.4 91.9
111.8 100.7 100.1
53.4 31.7 34.3
133. 6 112.1114.3
1.7 34.2 32.9

108. 9 114.1 112.9
112.9 110.1 104. 2 120. 6128.3 125. 7 133.5
64.2 56.4 49.4 43.6 43.4 43.9 34.! 69.3 68.4
280. 8 276. 5 258.1 230.8 234. 6 277. 3 266. 2 173.5 162.3
50. 8 39. 5 35. 6 38.9 32.3 67.1 86. 3 32. 0 37.0

!Daily average.

t Weekly average, 1928-30=100.

WEEKLY BUSINESS STATISTICS*
ITEM

C O M M O D I T Y PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb__
Cotton, middling, spot, New York
_dol. per lb.._
Food index (Bradstreet's)
dol. p e r l b . .
Iron and steel, composite.
__dol. per ton
Wheat, No. 2, hard winter (K. C.)
dol. per bu_.

1936
October October

October

October

24

17

10

3

0.095
.122
2.75
34.66
1.22

0.095
.125
2.75
34.64
1.25

0.095
.123
2.74
34. 60
1.22

3,890
4,814

2,848
3,834

2,463
3
6

September 26

September 19

0.095
.125
2.75
34.62
1.22

0.095
.123
2.78
34.19
1.26

4,144
4,642

3, 933
4,455

2,485

2,472

3
8

3
8

2,430
6,693
2,127

2,430
6,617
2,072

15, 228
5,072
13,820

1935
October October

1934
October October

1933
October

26

19

27

20

28

0. 095
.124
2.82
34. 22
1.22

0.090
.113
2.74
32.85
1.14

0.090
.113
2.74
32.83
1.16

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

2,997
4,062

4,468
4,594

3,833
3,914

3,344
3,770

2,628
3,187

2,707
3, 336

3,067
2,951

2,473

2,473

2, 495

2,472

2,496

2,452

2,457

2,526

3
9

3
7

3
8

5
7

5
9

6
11

2,430
6,479
1,954

2,430
6, 357
1,840

2,430
6,225
1,743

2,430
6,206
1,707

2,430
5,575
2,900

2,430
5,534
2,878

2,430
3,985
1,733

6
12

2,430
3,996
1,762

2,400
2,693

15, 052
5,068
13,873

14, 989
5,073
13, 904

15,116
5,063
13, 929

14, 999
5,018
13, 962

14,910
5,031
13, 955

13,463
4,963
12, 391

13,268
4,921
12, 325

11, 262
4,877
10, 760

11,181
4,859
10, 751

11,159
4,912
8,318

9,286

9,323

9,359

9,336

9,377

9,376

8,130

8,118

7,183

7,182

5,230

1, 254
8,751
3,192
5 559
1.00
1.25

1,258
8,695
3,166
5,529
1.00
1.25

1, 250
8,703
3,215
5,488
1.00
1.25

1,256
8,753
3,242
5, 511
1.00
1.25

1,252
8,648
3,213
5,435
1.00
1.25

1,247
8,659
3,241
5 418
1.00
1.25

1 128
7,931
3,032
4,899

1,119
7,975
3,020
4,955

505

482

.25
.25

.25
.25

4.651
4.89

4.661
4.89

4.670
4.90

4.789
4.94

6.583
5.04

6.583
5.06

6.592
4.91

164

147

.85

FINANCE
Banking:
Debits, New York City
mills, of dol
Debits, outside of New York City_ .mills, of dol...
Federal Reserve banks:
Reserve bank credit, total
mills, of d o L .
Bills bought
.
mills, of dol
Bills discounted
mills, of dol
U. S. Government securities
mills, of dol__
Member bank reserve balances
mills, of doL_
Excess reserves, estimated
mills, of doL.
Federal Reserve reporting member banks:
Deposits, net demand, adjusted...mills, of dol_.
Deposits, time
mills, of doL.
Investments, total
mills, of dol._
U. S. Government direct obligations
mills, of d o l . .
Obligations fully g u a r a n t e e d by U. S.
Government
mills of dol
Loans, total
mills, of dol._
On securities
_
_ mills, of dol
All other
mills of dol
Interest rates, call loans
percent..
Interest rates, time loans
percent..
Exchange rates:
French franc (daily av.)
cents..
Pound sterling (daily av.)
dollars..
Failures, commercial
number
Money in circulation
mills, of dol_.
Security markets:
Bond sales (N. Y. S. E 1 .)--thous. of dol. par value-Bond prices, 40 corporate issues
dollars..
Stock sales (2V. Y. S. E.)
thous. of shares-Stock prices (N. Y. Times)
dol. per share..
Stock prices (Standard Statistics) (419). .1926= 100- Industrial (347)
1926=100-.
Public utilities (40)
1926= 100-.
Railroads (32)
1926=100-PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles (Cram's estimate)
-.number
Bituminous coal (daily av.)--thous. of short tons..
Electricpower
mills, ofkw.hr..
Petroleum
thous. of bbL.
Steel ingots (Dow-Jones, est.)
pet. of capacity-Construction-contract awards (da. av.) th. of dol _
Distribution:
Freight-car loadings, total
cars..
Coal and coke
._
cars
Forest products
...
cars
Grain and products
cars..
Livestock. _ _ ._
cars
Merchandise, 1. c. 1. . . .__
cars
Ore __ _ _
cars
Miscellaneous .
cars
Receipts:
Cattle and calves
thousands
Hogs
___ _
thousands
Cotton into sight
thous. of bales..
Wheat at primary markets
thous. of bu_.
Data do not cover calendar weeks in all cases.
Digitized for• FRASER


160

139

134

130

234

7
115

847

8,310
3,188
5,122
1.00

8,324
3,193
5,131
1.00

.88

.88

.75
.75

6.590
4.91

6.605
4.94

6.643
4.94

5.776
4.70

216

225

214

9,074
3,788
5,286

290

6,322

6,325

6,318

6,287

6,245

6,264

5,699

5,711

5,455

5,484

5,627

70,920
105. 24
9,298
137. 51
121.3
139.2
110.2
59.9

66, 660
105. 50
8, 698
138.10
119.6
136.8
109.3
60.2

97,140
105. 46
12, 801
136. 92
118.6
135.6
110.0
58.2

80, 020
105. 11
8,844
133.18
114. 1
130.5
106.4
55.2

84,190
104. 96
8,407
133. 02
115. 1
131.7
106.8
55.9

59, 440
104. 64
6,116
132. 01
112.7
128.7
105.9
54.5

73, 570
96.06
14, 275
110. 07
89.1
103. 1
84.6
35.7

61, 750
95.67
10, 460
107. 59
86.7
100.3
81.9
34.9

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

59,740
1,618
2,167
3,083

48,095
1,610
2, 170
3,080

39, 345
1,596
2,168
3,025

22, 800
1,523
2,169
2,988

15, 764
1,457
2,157
3,030

33, 600
1,419
2,171
3,037

62, 015
1,384
1,896
2,798

44,416
1,379
1,863
2,783

31, 030
1,202
1,677
2,336

36,973
1,201
1,668
2,380

25, 234
1,257
1, 622
2,358

75

76

8,178

9,290

8,594

4,564

5,311

5,741

815,972
164, 949
36, 327
33,025
22, 273
170,819
49, 766
338, 813

826,155
167, 726
36, 033
32, 582
22, 612
168. 999
55, 281
342,922

820, 195
166, 047
34,813
30, 058
21,911
172, 768
60, 752
333, 846

819,126
169, 073
34, 781
31,876
20, 519
172, 632
57, 865
332, 380

807, 070
152, 728
37,131
33, 674
19, 321
172, 051
58, 604
333, 561

789, 510
146, 842
35,452
33, 075
18, 738
170, 423
59, 232
325, 748

710, 621
139,051
30, 696
33, 932
20,931
165,914
32, 636
287, 461

732, 304
145, 721
31, 376
36,118
22, 970
166, 283
33, 602
296, 234

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

344
417
730

360
366
719

357
321
671

348
233
600

329
282
610

339
267
614

381
285
721

405
227
692

401
453
451

425
447
422

318
356
571

4,040

3.145

2, 83^

3.(^3

2,569

2,223

5,338

6,869

2,542

2,941

3,252

74

76

75

6,977

74

53

11,025

53

26

25

29

22

SURVEY OF CURRENT BUSINESS

November 1936

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 sup-

plement 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 1934.

The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for
seasonal variation.
Data subsequent to September will be found in the Weekly Supplement to the Survey.
1936
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may b« found
in the 1932 Annual Supplement to the Survey Septem- Septem- October Novem- December
ber
ber
ber

1936

January

February

March

April

June

May

July

August

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

1C2.
97.
04.
09.
137.
103.
70.
87
107".
100.
87.
108.

51.8
103. 0
96.9
79.3
76.0
80.0
112.3
76.2
80.9
141.2
70.8

96.7
120.8
148. 5
93.7
55. 4
115.8
97.9
84.2
78.6
84. 5
119.9
78.5
86.6
133.0
74.3

92. 2
103. 0
135.6
90.9
42.3
114.4
97.6
70.7
82.0
76.3
105.6
65.8
69.5
124.0
76.0

88.9
89.8
116. 5
89.2
42.7
1C4.9
97.4
71.6
73.8
67.5
109.4
59.8
67.0
117.3
68.1

89.4
109. 9
.117.5
87.4
52.8
107.6
96.2
71.5
77.6
68.0
96.3
65.8
70.2
107.2
74.1

94.1
117.6
112.3
91.0
63.3
112.4
98.3
79.7
75.3
80.8
105.3
70.2
95.6
86.2
81.7

95.8
112.6
113.2
93.1
66.2
105.4
100.0
82.6
82.8
85.7
104.5
68.6
91.3
89.3
84.3

97.6
112.5
105. 7
92.3
62.6
118.8
99.7
84.7
82.7
91.3
129.8
70.3
97.0
108.4
88.0

102.1
118.9
127.5
95.1
64.2
141.5
101.6
87.3
84.6
95.5
145. 4
77.2
100. 3
112.9
89.8

102.2
107.3
126 2
93.0
71.8
133.3
1C4.2
71.3
83.6
100.0
126. 7
83.2
108.9
112.1
83.4

97
96
77
59
86
193
85
115

97
98
124
58
86
192
89
104

95
125
46
82
202
90
106

95
95
108
29
92
201
83
109

95
93
93
29
82
174
87
113

96
97
124
42
86
194
94
110

103
105
149
70
85
235
111
108

105
105
142
87
82
231
114
103

104
105
134
92
87
196
113

104
105
128
91
90
198
111
112

106
106
82
99
87
226
118
» 126

173
97
64
106
143
92
65
61
119
56
139
68
79
«91
«92
«91
47
78
D.181
83
104

176
91
35
116
148
100
62
82
105
70
141
74
78
95
95
"96
52
83
193
88
105

176
99
105
111
140
95
50
80
37
70
143
73
82

170
107
92
110
141
99
75

172
89
100
108
135
106

168
85
107
102
132
89
40
70

178
113
116
103
140
94
65
71

105
59
82
»192
96
109

69
150
97
95
100
•100
a 122
71
90
* 213
100
110

181
130
97
101
161
100
57
66
157
70
149
101
99
« 104
•105
118
74
88
•218
113
•102

182
124
76
107
167
101
53

60
145
99
90
93
93
»107
58
87
•184
83
107

179
121
118
100
147
100
69
66
120
73
150
88
95
101
•101
«117
74
84
•220
105
112

172
«97
64
106
129
87
65
58
62
59
135
71
84

176
°91
48
113
138
93
48
75
62
68
140
75
80

176
»99
119
106
137
92
48
71
44
67
144
68
82

178
"113
120
100
152
105
63

180
«121
94
100
145
101
69

181
•130
77
107
147

70
150

75
149
91
94

86.1
45.6
J14. 2
80.4
43.0
98.6
95. 2
75.2
80.8
68.3
110.4
91. 5
70.9
125.9
72.1

89. 1
77.6
115. 2
84.8
45. 7
108. 7
94.9
79.2
77.8
73. 6
112.3
92.4
76.9
151.9
68. 7

02.0
118. 1
119.8

90
89
28
59
81
181
83
120

INDUSTRIAL PRODUCTION (F.R.B.)
Total, unadjusted.._
1923-25 = 100.
Manufactures, unadjusted.._ 1923-25= 100—
p 107
Automobilesf
1923-25 = 100—
42
Cement
1923-25=100
100
Food products
1923-25=10090
Glass, plate
1923-25 = 100-236
118
Iron and steelt
1923-25 = 100130
Leather and shoes t
1923-25=100..
Lumber
1923-25=100.
Paper and printing
1923-25=100.
Petroleum refining
..1923-25= 100.
Rubber tires and tubes
1923-25=100-. Shipbuilding.
1923-25=100
v 120
Textiles
1923-25=100173
Tobacco manufactures
1923-25=100—
109
Minerals. unadjusted
1923-25=100..
Anthracite
1923-25=100.
Bituminous coal
1923-25=100.
178
Iron-ore shipments
1923-25=100—
57
Lead
1923-25= 100Petroleum, crude
— 1923-25=100— v 152
Silver
1923-25=100Zinc
1923-25=100- "~~93
M09
Total, adjusted
1923-25=100P110
Manufactures, adjusted
1923-25=100107
Automobilest
1923-25=10080
Cement
1923-25= 100..
90
Food products
1923 25=100236
Glass, plate
1923-25=100119
Iron and steelt
1923-25=100P113
Leatber and shoesf
1923-25= 100—
Lumber
1923-25=100.
Paper and printing
1923-25=100.
Petroleum refining
1923-25=100Rubber tires and tubes
1923-25=100.
Shipbuilding
1923-25=100.
v 120
Textiles
1923-25=100__
157
Tobacco manufactures
1923-25=100—
101
Minerals, adjusted
1923-25=100Anthracite
1923-25=100—
Bituminous coal
1923-25=100..
Iron-ore shipments
1923-25 = 100
93
Lead
1923-25= 100..
60
Petroleum, crude
1923-25=100.
147
Silver
1923-25=100...
Zinc
1923-25=-100

138
105
119
96
69
83
70
142
68
86
•101
a 101
•107
59
83
•202
103
124

•108
47
92
•201
86
118

64
140
100
82
94
°92
«93
49
84
•174
83
111

173
«99
179
111
147
101
71
78

169
»107
129
105
148
103
70
80

172
"89
141
102
148
110
93
92

°85
138
100
140
95
48
70

70
146

63
148
80
84

62
143
93
77

59
146
90
85

84

142
81
89

91

146
103
103

147
85
97
*108
»109
*124
74
92
»220
119
113

113
158
•104
47
"75
177
58
152
88
93
*108
1
110
* 111
77
91
*226
121
•114

183
124
52
115
154
101
65
80
81
71
144
101
104

120
147
98
47
°77
87
60
•149
88
100

• Revised.
p Preliminary.
T Revised series, refer to t h e indicated pages of the monthly issues for revisions. T h e Annalist indexes of business activity have been revised for the period 1923-36.
For revisions see p. 20 of the October 1936 issue. Federal Reserve Board indexes, leather and shoe production, January 1919-October 1933, January 1934, p . 19; automobile
and steel production for 1933, September 1934, p. 22; leather and shoe production, 1935, p. 22, April 1936. Federal reserve adjusted indexes revise as follows: Total industrial,
total manufacturing, plate glass, beginning January 1935 and automobiles beginning August 1935. Since December 1934 no seasonal adjustment has been made for tire
and tube production. Revisions not shown above will appear in a subsequent issue.




23

SURVEY OF CUREENT BUSINESS

November 1936

1936
1935
Monthly statistics through December 1931,
;ogether with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecemOctober Novemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1936
January

February

March

April

May

June

July

August

BUSINESS INDEXES—Continued
MARKETINGS
Agricultural products * (quantity)
1923-25=100.
Antmal 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:*f
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, ad3usted--1924-29 = 100-.
Meat animals, adjusted,...1924 -29=100..
Poultry and eggs, adjusted .1924-29=100..
STOCKS
Domestic stocks
1923-25*100..
Manufactured goods
1923-25=100..
Chemicals and allied prod_1923-25 = l00..
Food products..
1923-25 = 100-.
Forest products
___ 1923-25 =100
Iron and steel products
1923-25=100..
Leather
1923-25 = 100..
Metals, nonferrous
..1923-25=100..
Paper, newsprint
1923-25=100..
Rubber products.
..1923-25 = 100..
Stone, clay, and glass
1923-25 = 100..
Textiles
1923-2/5 = 100Raw materials
__ 1923-25 = 100Chemicals and allied prod_1923-25=100..
Foodstuffs
—
1923-25*100..
Metals
1923-25 = 100..
Textile materials
1923-25=100..
World stocks—foodstuffs and raw materials:
Total t A
1923-25 = 100..
Coffee—adj. for seasonal.. .1923-25 = 100..
Cotton—adj. for seasonal.. 1923-25 = 100..
Rubber—adj. for seasonalt-1923-25=100..
Silk—adj. for seasonal
1923-25*100Sugar—adj. for seasonal!—1923 25=*100_.
Tea—adj. for seasonal
1923-25 = 100..
Tin—unadjusted
1923-25=100..
Wheat—adj. for seasonal... 1923-25=100..

99
140
200
89
47
95

106
76
100
72
65
146
136
200
85
107
73

167
280
126
85
103

66
66
71

78
76
74
68
106
40
79
119
65
49
59

89.0
77. 5
65.0

76.5
66.0
56. 0

95.0
69.0
58.5

79.0
69. 5
58.5

72.5
67.0
54.0

91.0
91.0
94. 0
81.0

76.5
76.0
74.0
81.5

80.5
76.0
83.0
83.0

81.0
79.0
78.5
95.0

121
101
130
86
112
119
80
117
67
115
142
98
136
96
128
96
181

127
106
120
87
114
107
79
148
63
114
162
99
141
98
136
96
186

136
104
117
77
114
108
79
136
55
114
154
101
160
115
144
88
225

196
375
195

»213
370
159
370
* 217
226
138
57
188

215
378
169
355
205
228
133
64
188

110
80
90
80

178
126
65

124
82
89
84

57
61
85
57
59
35
53
57
65
34
85

67
77
95
65
108
37
56
41
72
51
98

65
80
98
64
120
46
50
35
79
43
84

68
84
114
60
128
164
51
31
82
48

74
94
142
66
114
380
53
25
64
63
99

89
90
113
70
89
485
88
16
87
172
66

80
81
94
75
80
152
78
71
78
93
57

65.0
66.5
48.5

53-0
63. 0
48.5

59.5
67.5
55.5

58.5
69.5
56.5

64.0
72.5
67.0

69.5
80.0
77.0

84.0
88.0
89.5

°75.0
74. 5
61.5

81.0
84. 5
79.5
84.0

84.5
87.5
88.5
70.0

78.0
85.0
79.0
63.5

80.0
84.5
79.5
79.5

83.0
83.5
87.0
75.0

78.5
79.0
77.0
80.5

83.0
77.0
84.0
86.5

86.0
81.5
88.5
86.5

°87.5
87.0
°89.5
89.0

136
101
118
63
115
109
81
124
47
115
161
103
161
111
141
88
235

133
103
121
66
117
109
79
122
39
115
170
105
154
107
127
86
233

127
104
124
70
114
110
83
119
54
115
166
104
144
98
112
87
225

122
105
132
65
112
122
81
115
61
113
167
104
134
88
103
86
213

115
104
133
62
109
115
80
119
70
115
156
100
123
81
96
84
194

109
102
128
62
108
110
82
121
65
115
152
100
115
76
93
72
177

106
102
125
66
107
116
81
122
61
115
150
102
108
73
95
73
156

103
104
119
77
111
119
80
125
80
112
143
102
102
71
94
84
137

104
100
118
°85
113
118
80
130
76
114
141
92
106
69
120
83
119

a 217
399
169
328
« 200
259
129
72
176

« 218
419
170
322
»201
248
128
66
186

* 214
394
165
319
»221
256
124
64
172

°209
400
154
319
"229
263
123
75
152

«208
413
161
306
«219
264
133
77
137

«207
403
161
300
« 216
268
139
64
134

170
281
*200
256
138
77
124

194
404
160
286
196
235
134
68
116

* 193
420
156
a
295
•188
209
126
66
139

» 192
400
165
a
278
»189
200
125
73
142

» 102
3

122

° 88
114
119
79
127
82
114
144
95
113
75
128
93
126

COMMODITY PRICES
COST OF LIVING (N. I. C. B.) f
Total, all groups
1923=100
Clothing
.
1923=100
Food
1923=100-.
Fuel and light
.1923=100-.
Housing
1923=100
Sundries
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=100Grains
1909-14=100
Meat animals
_.._ 1909-14 = 100—
Truck crops
1909-14= 100Miscellaneous
. _
1909-14=100
RETAIL PRICES
Department of Labor indexes:
Coal #
1913=100
Food «f
Fairchild's index:*
Combined index
Apparel:
Infants' wear .
Men's
Women's
H o m e furnishings
Piece goods

1923-25=100-

Dec. 1930=100
_ _ Dec.
Dec.
Dec.
Dec.
Dec.

a

1930=100
1930=1001930= 100—
1930=100..
1930=100..

85.9
73.6
86.1
85.6
80 3
94.5

82.7
74.3
81.7
84.8
72 1
93.8

83.0
74.4
81.9
86.3
72.7
94.1

83.4
74.5
82.7
86.7
73.0
94.2

83.9
74.6
83.8
86.8
73.4
94.2

83.9
74 5
83.5
86.9
73.9
94.3

83.5
74.1
82.3
87.1
74.1
94.4

83.2
74.0
81.0
87.1
74.7
94.4

83.4
73.8
81.0
86.7
75.9
94.4

83.8
73.6
81.7
84.7
77.1
94.4

85.1
73.3
85.6
84.5
77.6
94.3

85.2
73.0
85.8
84.7
78.1
94.4

85.6
73.2
85.8
85.0
79 3
94.5

124
119
106
128
105
130
123
153
141

107
126
90
102
82
97
131
101
96

109
132
94
104
82
101
125
120
103

108
140
99
111
83
90
117
136
103

110
135
98
118
92
89
120
136
108

109
117
95
120
89
92
122
118
112

109
121
94
123
92
92
125
117
94

104
99
93
118
94
92
122
77
91

105
97
96
114
89
89
125
107
94

103
101
96
106
103
88
118
105
97

107
103
96
106
115
87
120
99
120

115
106
105
116
117
109
119
115
131

124
112
103
125
108
129
123
134
152

84.3

80.1

162
80.5

81.5

82.0

158
81.7

80.6

79.5

164
79.7

79.9

83.8

157
84.0

84.0

89.3

86.6

87.6

88.0

88.2

88.3

88.3

88.1

88.1

88.1

87.9

88.1

88.5

94 5
87.7
90.7
89.9
85.4

93.4
87.2
88.8
88.5
84.9

92.6
87.2
89.1
89.0
84.8

92.7
87.2
89.4
89.1
84.9

92.7
87.3
89.4
89.2
84.7

92.7
87.3
89.5
89.2
84.7

92.7
87.3
89.5
89.3
84.6

92.9
87.3
89.5
89.2
84.5

92.8
87.4
89.8
89.2
84.5

92.8
87.5
89.9
89.3
84.6

92 6
87.4
90.2
89.2
84.9

92 6
87.5
90.4
89.4
85.0

94 4
87.6
90.4
89.4
85.2

Revised.
• New series. See p p . 16-19 of the M a y 1934 issue, cash income from marketings of agricultural products, p . 19 of the December 1932 issue, Fairchild's price Index, and
p p . 19 and 20 of t h e March 1933 issue, q u a n t i t y marketings
§ D a t a for Oct. 15, 1936: Total 121, chickens and eggs, 127, cotton and cottonseed 104, dairy products 125, fruits 104, grains 128, meat animals 120, truck crops 131,
miscellaneous 133.
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 from marketings of agricultural products revised from J a n u a r y 1933J u n e 1935. For revisions see p . 19 of t h e September 1935 issue. World stocks combined index and silk index revised for period 1921-36 revisions not shown above will
appear in a subsequent issue. Combined index revision for 1920 was shown on p . 20 of the M a y 1936 issue. D a t a revised for Agricultural products, cash income received
for J a n u a r y 1934-July 1935. Cost of living for 1914-36. Revisions not shown in the October 1936 issue will appear in a, subsequent issue.
• M o n t h l y retail prices of coal were discontinued with the month of August 1935. Subsequent to that date the price is reported quarterly.
1 This series has been completely revised. Revised indexes for months not shown in the December 1935 issue will appear in subsequent issue. Index computed every
2 weeks; m o n t h l y index is figure taken nearest the middle of the m o n t h ; prior t o Aug. 15,1933, index computed once a m o n t h .
A See footnote on p . 24 marked, " < ? " .




24

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
agether with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecem- January
October Novemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

November 1936
1936

February

March

April

May

June

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..
Orains
..1926=100..
Livestock and poultry
1926 = 100..
Foods
— 1926 = 100..
Dairy products
1926 = 100..
Fruits and vegetables
1926 = 100..
Meats...
—
1926 = 100..
Other products
..1926 = 100Building materials...
—1926 = 100..
Brick and tile
1926 = 100..
Cement..
..1926 = 100..
Lumber
1926=100..
Chemicals and drugs
1926 = 100..
Chemicals
1926=100..
Drugs and Pharmaceuticals
1926 = 100..
Fertilizer materials
1926 = 100..
Fuel and lighting....
1926 = 100..
Electricity,1926 = 100..
Gas
1926 = 100..
Petroleum products
1926 = 100..
Hides and leather
1926 = 100..
Boots and shoes
1926=100..
Hides and skins
1926 = 100..
Leather
1926=100..
House-furnishing goods
1926=100..
Furniture
1926=100,.
Furnishings
1926=100..
Metals and metal products. 1926= 100..
Iron and steel
1926=100..
Metals, nonferrous
..1926 = 100..
Plumbing and heating equipment
1926=100..
Textile products..
...1926=100.
Clothing
1926=100..
Cotton goods
1526=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 (98)
..1926=100.
Dun's (300).
1926=100.
World prices foodstuffs and raw materials:* 6
Combined index..
1923-25=100.
Coffee
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

80.5

80.6

80.6

79.6

79.7

78.6

79.2

80.5

81.6

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 i
82.1 I
80.2 |
86.9

82.7
77.1
76.3
78.2
86.4
86.6
85.0
76.9
59.1
97.1
78.3
86.1
88.3
95.5
82.0
81.1
88.3

82.7
77.2
76.2
77.5
77.9
83.1
85.1
81.1
63.2
94.3
78.8
85.8
88.3
95.5
81. S
81.2
88. 4

83.1
77.7
75.2
78.3
76.6
87.4
85.7
83.7
63.7
97.5
78.7
85.5
88.9
95,5
81.5
80.6
87.7

82.4
78.1
74.8
78.2
78.9
89. 1
83.5
84.2
62.2
94.9
78.8
85.7
SS.4
95.5
82. 2
80.5
87.6

82.2
79.1
74.6
79.5
78.3
90.3
83.2
85.7
62.4
92.1
79.0
85. 5
88.4
95.5
82.3
80.1
87.0

81.3
77.4
74.4
76. 5
75.6
88.3
80.1
80.3
65.1
89.7
78.9
85.3
88.9
95.5
82.6
79.3
85.9

81.6
77.0
74.5
76.9
73.9
88.3
80.2
78.8
67.8
91.0
78.9
85.7
89.0
95.5
83.2
78.5
85.5

80.5
75.8
74.1
75.2
70.6
82.5
78.0
75.0
72.3
85.1
78.8
85.8
88.8
95.5
83.0
77. 7
84.1

80.7
77.6
73.9
78.1
73.0
83.2
79.9
77.6
82.0
85.1
78.8
85.8
89.2
95.5
82. 1
78.0
84.3

81.6
79.8
75.2
81.3
88.9
82.0
81.4
83.8
79.7
84. 9
79.5
86.7
89. 2
95. 5
83. 7
79.4
85.9

82.4
81.5
75.6
83.8
102.4
84.5
83.1
87.6
76.1
86.4
79.7
86.9
89. 1
95. 5
83.8
79.8
86.2

91. 6
99. 3
93. 3
84. 2
81.7
78. 0
85.4
80. 8
88.1
71.4

73.8
67.2
73.0
87.5
91.9
50. 6
90.9
98.
83.8
83.0
80. 5
76.9
84. 0
86. 6
86.8
68.6

74.2
67.2
73.4
86,3
89.0
fiO. 1
93. 6
98.8
92. 9
80.6
80. 6
76.9
84,2
86.5
86.9
70.9

74.7
67.5
74.5
86.2
86.6
52. 5
95. 0
99. 6
96,0
88.1
81.0
77. 1
84.7
86. 9
87. 0
71. 3

74.7
64.5
74.6
84. 9
84.5
52.8
95.4
100.1
87.6
81.0
77.1
84.7
86. 8
86.9
70.6

70.4
64.4
75.1
83.1
83.2
f.4. 4
97. 1
100. 5
100. 5
87.3
81.4
77.9
84.8
86.7
87.1
69.7

73.2
73.0
64.5
64.8
76.1
76.2
86.2
84.4
82.1
84.4
55.7
56.0
96.1
94. 9
100. 5
100.4
90.7
91.0
88.0
85.0
81.5
81.4
77.9
77.9
85.0
84.9
86.7 I 86.6
86.9 ' 86.3
69.7
69.9

73.2
64.6
76.4
82.8
84.8
57.9
94.6
100. 3
90.1
84.5
81. 5
78.0
85.0
88.6
86.3
70.4

73.2
64.7
76.0
84.2
87.3
58.2
94.0
100.2
87.3
84.4
81.5
77.9
85.0
86.3
86.3
70.7

73.2
64.0
76.1
83.4
88.0
57.7
93.8
99.7
89.0
83.2
81.4
77.5
85.2
86.2
86.3
70.0

73.0
65.2
76. 2
83.4
87.9
58.1
93.4
99.3
87.8
83.0
81.2
77 2
85! 1
86.9
87.6
70.4

73.3
66.7
76.3
82.5
86.1
57.9
93.6
99.3
90.0
82.4
81.4
77.6
85.2
87.1
87 9
70.8

76. 5
70. 9
80. 8
80. 0
60. 8
30.
80. 9
71.3
47.5
80.7

71.1
71.8
80. 8
83.2
61.6
32. 9
76.9
67.1
45.0
79.7

71.1
72. 9
80.8
84.5
63.2
35. 1
79. 1
67.5
45.0
79.7

71. j
73. 4
80.
e
63. 2
35.0
80.7
67.4
45.0
79.4

71,1
73.2
81.0
86.0
62,2
33.7
81.0
67. 5
45.0
79.2

71.7
71. 7
80.8
80.4
61.8
33.5
81.4
67.8
45.0
79.8

73.8
71.0
80.7
78.1
62.0
31.6
82.8
68.1 i
45.0 i
79.9

73.8
70.8
80.7
77.1
62.1
30.9
83.8
68.3
45.0
80.3

73.8
70.2
80.8
76.2
62.0
30.1
82.2
68.6
45.0
80.5

73.8
69.8
81.1
75.5
60.6
29.1
82.2
69.2
47.5
80.5

73.8
69.7
80.9
75.4
60.3
29.3
82.6
69.7
47.5
80.6

76.5
70.5
80.7
78.7
59.3
30.7
82.0
71.0
47.5
80.6

76.5
70.9
80.8
79.5
60.3
31.6
81.2
71.5
47.5
80.6

79.5
97.1

78.8
94.1

79.6
94.7

80.5
94.2

80.2
94.4

77.6
94.9

76.8
95.2

76.3
92.1

76.0
92.0

75.4
91.3

76.3
94.5

78.5
96.4

96.8

55. 4
47,
45. 2
38.4
23. 7
66. 1
72.3
89 0
73.

49.6
42.5
39.7
26.9
26.1
64.8
77.1
97.6
58.0

52.2
43.5
41.2
29.7
29.1
67.8
77.0
101.9
62.7

50.3
42.0
44.1
30.7
29.2
62.8
67.9
103.2
54.9

49.5
42.0
44.5
30.8
27,4
55.6
66.0
99.0
59.2

51.1
45.0
43,8
33.6
27.2
59.1
67.8
94.0
63.1

50.5
47.0
42.6
36.3
24.9
61.1
69.5
95.3
58.1

51.3
44.5
41.9
37.2
24.2
65.8
70.1
95.5
58.7

52.1
43.0
43.0
37.4
23.5
71.0
70.9
93.4
56.6

51.3
42.5
43.0
36.5
22.4
70.3
68.0
92.1
55.2

54.7
43.5
44.1
37.1
22.3
71.1
64.1
84.0
54.

54. S
46.0
48.5
38.6
23.9
69.8
64.8
85.5
63.5

55.9
47.9
45.2
38.2
25.0
69.3
68.6
84.7
73.3

123.4
118.6
118.5
118.3

124.8
124.8
137.4
123.0

125.1
124.2
135.0
122.5

125.0
122.7
136.1
122.0

124.5
122.0
133.7
121.2

125.0
122.4
135.0
121.2

125.0
124.1
135.0
121.8

126.5
125.8
141.4
122.2

126.4
125.5
140.1
122.0

128.1
125.2
142.7
121.4

127.2
119.3
137.4
119.5

125.1
119.0
127.9
119.3

123.4
119.0
118.5
118.8

84. 0
102. 0
83. S
83. 3
89. 5
71.5
87.3
79. fi
87.1
89. 0
95. 5
84. 9
81.7
88. 6
75.3
67. 0
70. 1

?l

9(5.5

PURCHASING POWER OF THE
DOLLAR •
Wholesale prices.
Retail food prices U
Farm pricest
Cost of livingf

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

CONSTRUCTION AND REAL. ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F. R. B.:X
Total, unadjusted...
1923-25=100..
61
44
45
53
60
»65
53
65
50
44
47
53
56
Residential
1923-25=100
49
25
25
25
22
21
22
39
45
35
38
28
Total, adjusted
1923-25=100..
61
48
43
52
"62
60
52
59
67
61
47
46
47
Residential1923-25=100
49
25
25
44
26
»46
26
25
36
25
26
30
32
F. W. Dodge Corporation (37 States):A
Total, all types:
Projects
number.. 12,056
11 385
12,912
9,978
9,256
13, 890
7,724
6 442
13, 352
10 514
13 338
8, 249
13, 242
Valuation
thous. of dol._ 234, 272 167,376 200 596 188,115 264 137 204,793 142 050 198 978 234, 632 216,071 233, 055 294, 735 275, 281
Nonresidential buildings:f
3,079
Projects
number..
3 318
3,504
2,778
2,753
2 796
3,411
3,626
2,761
2 355
3 106
3,436
3, 792
Floor space
thous. of sq. ft__ 13,639
10 813
8,602
15, 504
11,680
17, 543
20 680
15,916
16, 047
11 384
15 098
17 343
15, 629
Valuation
thous. of dol_. 69, 099
80, 380
49, 420
59, 180
68,080 124 506
62 611
96,125
90, 480
94, 068
79, 079
81 460
82, 252
• 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.
f Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931. and 1932. refer to p 20 of the September 1933 issue
Farm prices (purchasing power) are on p. 20 of the April 1935 issue. Cost of living (purchasing power) revised for 1914-36. Revisions not shown in the October 1936 issue
will appear in a subsequent 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. 19 of the August
1934 is ue ana for 1934 on p. 19 of the October 1935 issue. Series also revised for 1935. See p. 19 of the May 1936 issue.
t Indexes are based on 3-month moving average of F. W. Dodge data centered at second month.
1 See footnote on p. 23 marked "Y'.
cf Index revised to exclude copper prices, since data on copper stocks have not been available subsequent to October 1931. Both stock and price series now cover 8
 commodities as listed. For revised data for period 1920-35 see p. 19 of the May 1936 issue.



25

SURVEY OF CURRENT BUSINESS

November 1936

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecem- January
in the 1932 Annual Supplement to the Survey
October November
ber
ber
ber

1936

February

March

April

May

June

July

August

CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
AWARDED—Continued
F. W. Dodge Corporation (37 States)—Con.
Public utilities:#
224
Projects
number
Valuation..
thous. of dol
15, 735
Public works:#
Projects
number
1,169
Valuation
thous. of dol
68, 765
Residential buildings: <?
7,584
Projects
~_
..number..
21,181
Floor space
thous. of sq. ft
Valuation ._
— thous. of dol— 80, 671
Engineering construction:^
Total contracts awarded (E. N. R.)
thous. of dol.. 197, 372
HIGHWAY CONSTRUCTION
Concrete-pavement contract awards:
7, 613
Total
thous. of sq. yd..
5,196
Roads only
thous. of sq. yd—
Highways:
Approved for construction (Ar. I. R. A.):*
139
Mileage
number of miles
Public works fund? alloted-thous. of dol—
4,044
Under construction (N. I. R. A.):*
Estimated total cost
thous. of dol— 25,126
Public works funds allotted
thous. of dol— 22,929
32
Federal aid funds allotted.thous. of dol.
714
Mileage
number of miles

176
12, 493

223
11,198

207
10,694

269
18,104

221
17, 926

136
11, 939

205
18,106

221
23, 753

176
12, 773

167
9,264

229
27, 512

188
17,945

1,422
63, 653

1,614
75,117

1,540
69, 645

1, 328
76, 387

1,048
58, 948

702
36, 325

1,123
44,191

1,092
49, 660

1,102
50, 792

1,330
71,107

1,782
99,103

1,238
76, 435

6,602
12, 002
41,811

6,230
16, 764
55,100

4,756
12, 253
39, 695

3,856
11, 899
45,140

3,694
10, 306
37,440

3,249
9,115
31,176

6,080
15,604
55, 221

8,233
19, 736
67,151

8,528
20, 547
70, 253

8,444
20, 624
73, 605

8,253
20, 501
71, 994

7,982
24, 393
100, 523

114,840

182, 631

154,973

235, 506

288,547

164, 499

147,697

195,458

141,257

183,917

226, 595

192, 317

4,663
3,766

6,816
5,888

4,496
3,327

6, 869
3,591

2,250
1,217

2,068
1,396

2,662
1,579

3,835
2,767

5, 235
3,621

4,188
2,942

7, 913
6,208

5,903
4,648

402
11,984

295
10,100

290
8,740

241
8,092

267
7,279

308
7,607

291
7,623

296
7,382

252
5,975

169
4,631

144
4,345

146
4,248

126, 211

102, 246

88,776

74, 700

65, 390

61,015

59,593

56,484

50,197

42, 500

37,100

28,823

114,867
2,020
5,031

92. 885
1,328
3,706

80,810
1,189
2,968

68, 965
982
2,371

60,877
667
1,988

56, 653
601
1,734

55,085
569
1,679

52, 005
467
1,527

45, 693
248
1,339

38,975
195
1,152

33, 397
195
971

26, 680
147
832

163

CONSTRUCTION COSTS
Building costs—all types (American Appraisal Co.)*-.
—— 1913 = 100
Building costs—all types (A. 6. C.)
1913=100..
Building costs—all types (E. N. i2.)§
1913=*100._

157

157

157

158

158

158

159

159

161

162

163

179

174

173

173

173

178

178

178

178

178

178

178

178

208.1

195.1

195.1

194.9

194.9

199.5

201.2

201.2

202.2

203.4

204.6

204.4

208.1

183

177

20, 407

22, 357

21, 714

118, 580

122,094

125, 211

90.6
73.4
90.3
87.1

Building costs—factory (Aberthaw)

178

177

183

MISCELLANEOUS DATA
27, 730
30,910
29,177
25, 787
21,479
20, 872
27,969
19, 786
16,642
Fire losses, United States
thous. of dol— 20,414
12,886
13, 221
12, 560
11, 794
13,245
13,126
14, 470
14,398
Foreclosures**
number
Real estate:
Homei oan bank, loans outstanding* t
97,089 102, 795 102, 745 102,887 103,354 105,969 110,922
95, 595
thous. of dol— 129, 752 90,432
Home Owners' Loan Corp:*
Applications received
number
Loans closed:
15,634
19, 002
14,192
9,392
8, 386
6,305
6,073
16, 259
12,892
Number
44. 409
29, 984
19,891
21, 865
58, 541
25, 715
47,927
49,883
41,181
Amount
thous of dol
2,788,203 2,838,086 2,886,013 2,940,029 2,984,438 3,014,423 3,040,137 3,060,029 3,083,312
Loans outstanding*
thous. of dol—

DOMESTIC TRADE
ADVERTISING
Printer's Ink indexes (adjusted for seasonal
variation):*
Combined index
1928-32=100._
Farm papers
1928-32—100
91.6
Magazines...
„
1928-32=100Newspapers.
1928-32=100
Outdoor
1928-32=100
Radio
1928-32=100
Radio broadcastingrA
Cost of facilities, total
_.thous. of dol—
Automotive
thous of dol
Drugs and toilet goods
thous. of dol_.
Foods
thous of dol
Petroleum products
thous. of dol__
Tobacco manufactures
thous. of dol._
All other*
thous. of dol—
Magazine advertising:!
Cost, total
thous. of dol__
Automotive
thous. of dol
Drugs and toilet goods
thous. of dol—
Foods
thous. of dol
Petroleum products
thous. of dol__
Tobacco manufactures
thous. of dol—
All other*
thous. of dol..
Lineage, totalt-thous. of lines.. ""2,084"

76.6
69.8
74.4
75.5
52.4
184.5

79.0
61.5
75.1
77.9
59.5
185.2

83.2
62.6
81.0
82.9
58.0
177.5

84.1
74.4
82.4
84.7
47.0
195.0

80.2
67.1
82.2
79.1
50.0
187.0

78.0
66.0
82.5
75.5
52.3
189.7

84.8
66.6
86.8
81.5
71.1
192.8

87.7
72.8
89.2
85.0
70.6
185. 2

88.5
76.5
87.6
86.5
70.2
184.4

90.9
73.5
88.2
88.9
73.5
202.1

224.7

88.5
80.2
87.2
84.9
72.3
230.0

3,250
244
1,096
911
313
184
503

4,710
721
1,283
1,154
384
367
802

4,377
400
1,295
1,072
382
368
861

4,780
487
1,406
1,171
398
384
934

4,583
432
1,382
1,150
402
352
882

4,623
466
1, 428
1, 111
390
331
895

5,210
539
1,555
1,260
417
370
1,069

4,693
453
1,405
1,182
344
395
913

4,311
450
1,227
1,106
329
393
806

° 3, 826
394
1,058
1, 0.56
292
°371
"656

3,723
241
966
1,147
301
421
647

3, 655
225
961
1,063
292
395
720

8,852
832
1,454
1,296
220
525
4,523
1,812

10, 248
686
1,957
1,690
192
526
5,197
2,181

11, 747
1,684
2,203
1,986
263
559
5,052
2,201

9,360
979
1,609
1,630
110
665
4,467
2,334

7,435
1,157
1,241
1,230
148
580
3,079
1,696

11,166
1, 655
2,323
1,837
191
494
4,665
2,128

13, 431
2,044
2,477
2,195
214
568
5,932
2,511

14,516
2, 146
2,506
1,784
459
591
7,031
2,860

14,929
2,332
2,359
1, 742
468
610
7,419
2,852

12, 258
1.811
2,137
1,657
366
586
5,710
2,637

8,917
1,196
1, 767
1,493
365
494
3,603
1,967

8,488
1,221
1, 756
1,211
347
540
3,414
1,695

74.3

* 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. For Home Loan Bank loans outstanding for period December 1932-January 1936 see p. 19 of the April 1936 issue.
Home Owners' Loan Corporation data from September 1933 to April 1934 will be shown in a subsequent issue. Total loans closed to June 12, 1936, $3,092,870,784. Printers'
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. Data on H. O. L. C. loans outstanding for period September 1933-January 1936 are shown on p. 19 of the April 1936 issue.
t Revised series. See p. 20 of the October 1933 issue, magazine lineage. For revised data on magazine advertising cost for the years 1933 and 1934, see p. 19 of the February 1936 issue.
§ Index as of October 1, 1936. 211.5.
• 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.
# 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 October 1935; January, April, and July 1936 include 5 weeks; other months include 4 weeks.
t For the period October 1933-February 1935, inter-bank loans that were formerly included have been removed.
• Data for 1935 revised. See p. 25 of the May 1936 issue.

S Beginning January 1934 data includes Home Owners' Loan Corporation improvements.

http://fraser.stlouisfed.org/
101104—36
4
Federal Reserve Bank of St. Louis

26

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- Septem- October Novem- Decemin the 1932 Annual Supplement to the Survey ber
ber
ber
ber

November 1930
1936

January

February

March

April

May

June

July

August

DOMESTIC TRADE—Continued
ADVERTISING—Continued
Newspaper advertising:
Lineage, total (52 cities)•-.thous. of lines..
Classified—
thous. of linesDisplay. _
thous. of lines..
Automotive
thous. of lines..
Financial
thous. of lines..
General..
thous. of lines..
Retail
thous. of lines..
GOODS IN WAREHOUSES

114, 387
22, 521
91,866
4,257
1,641
21,053
64, 916

101,347
20,155
81,192
2,910
1,454
16,629
60,200

117,427
20,658
96,769
5,714
1,983
20,775
68,297

117,704
19, 753
97,952
7,677
2,096
20,980
67,198

118,684
20,171
98,513
4,058
1,835
16,269
76,351

94, 810
18, 499
76,311
3,787
2,536
17,686
52, 301

91, 334
17, 546
73, 788
3,632
1,942
19, 464
48, 751

116,443
21,991
94,452
5,453
2,773
22,899
63, 327

121,887
22, 548
99,339
7,813
2,488
21,812
67, 227

127,182
24,172
103,010
8,493
1,933

62.5

61.9

62.3

62 2

62.4

0.7

61.8

62.1

61.2

2,272

2,053

2,409

2,655

2,218

2,506

2,297

2,273

732,875

807, 460

717,264

858,100

761, 833

745,845

902, 749

885, 274

920, 629

3,665
37, 237

3,359
33,417

3,809
37, 327

3,740
35,890

4,346
39, 631

3,952
37,528

3.953
36, 611

4,123
38,676

3,950
37,884

3,834
36, 405

4,091
40, 994

12, 772
103,480

10,915
88, 703
2,416

13,631
108, 905
2,038

12, 561
99,403
2,733

14,341
107,701
5,281

12, 449
92,882
2,294

11, 523
85,855
2,254

13,291
99, 739
3,055

13,122
99, 510
2,450

12, 735
96,032
2,048

13,153
102, 447
2,385

29, 294
3, 242

25,035
2,815

29,354
3,292

27, 580
2,976

35,985
4,248

27, 434
3,257

26,103
3,060

28,839
3,318

28,944
3,320

27,874
3,124

3,214

Space occupied, public merchandise in warehouses...
percent of total.
NEW INCORPORATIONS
Business incorporations (4 States) ._number.
POSTAL BUSINESS
Air mail, pound-mile performance*
thous. of lb.
Money orders:
Domestic, issued (60 cities):
Number
thousands..
Value
thous. of dol—
Domestic, paid (50 cities):
Number
thousandsValue
thous. of dol_.
Foreign, issued—value
thous. of dol.
Receipts, postal :1
50 selected cities
thous. of dol
50 industrial cities
thous. of dol..
RETAIL TRADE

2,026

23,498

69,086

117, 029
24, 843
92,186
7,645
1,988
20, 802
61, 751

98, 499
21, 232
77, 266
6,593
2,219
18,287
50,167

99.166
22,546
76,620
4,908
1, 646
16,186
53, 880

61.0

61.3

2,182

1, 910

2,285

949, 828 1,055,015 1,051,115

1

3,764
38,354

3,633
36, 655

12,598
03, 085

11, 573
94, 696

26, 673
3,192

26,037
3,022

Automobiles:*
New passenger car sales:
Unadjusted
1929-31=10070.9
50.1
53.3
139.3
69.3
90.6
65.5
142.3
117.8
138.6
117.3
-92.9
a
Adjusted
1929-31=100.
83.0
79.0
113.5
109.5
102.0
82.0
89.5
106.5
93.5
104. 5
101.0
93.5
«92.0
Chain-store sales:
Chain Store Age index:*fc?
Combined index t
av. same month 1929-31=100..
110
100
100
108
97
103
102
101
103
110
109
Apparel index t
av. same month 1929-31=100117
108
110
118
107
100
114
105
115
119
119
117
125
Grocery t
av. same month 1929-31=100100
92
94
93
93
94
93
94
100
93
102
Five-and-ten (variety) stores:*
Unadjusted
1929-31=100.
98.2
95.1
93.4
87.7
67.7
178.4
73.5
95.7
97.2
80.3
96.8
86.5
Adjusted
1929-31=100.
91.8
102.8
93.7
104.0
92.0
90.8
88.0
95.2
96.7
93.3
109.2
96.8
97.7
H. L. Green Co., Inc.:*
Sales
thous. of dol._ 2,501
2,684
2,625
2,088
2,476
1, 753
4.941
1,868
2,522
2,043
2,412
2,514
2,430
Stores operated
number..
132
134
130
134
133
132
133
130
131
130
130
132
130
S. S. Kresge Co.:
Sales
thous. of dol. 11, 753 10,148 11, 925 12, 269 21, 551
12,182
8,597
9, 571
10,043
12,011
11,169
11,925
11, 353
Stores operated
number.
744
741
725
737
743
740
728
737
726
739
729
745
729
S. H. Kress & Co.:
Sales.
thous. of dol- 6,785
6,858
6,138
6,586
7,027
5,204
5,459
13,789
6,314
6,873
6,552
6,525
6, 652
Stores operated
number.
235
235
235
233
234
234
234
234
235
235
235
235
235
McCrory Stores Corp.: A
Sales
thous. of dol— 3,096
3,443
3,262
2,626
3,183
2,324
6,268
2,691
3,002
3,284
2,893
3,057
3,010
Stores operated
number.
197
195
201
203
«203
203
201
200
200
199
200
195
195
G. C. Murphy Co.:
Sales
thous. of doL. 2,907
2,351
2,970
3,183
2,865
5,005
2,003
2,311
3,001
2,320
2,974
3,089
2,922
Stores operated
number.
192
191
189
188
189
189
189
190
190
190
190
191
192
F. W. Woolworth Co.:
Sales
thous. of dol— 23, 434 20, 243 23,383 23,407 39, 590 16,983 19,016 19,677 23,072 22, 622 23,398 22,861 23,186
Stores operated
number1,993
1,989
1,974
1,978
1,978
1,980
1,977
1,979
1,983
1,986
1,980
1,990
1,991
Restaurant chains (3 companies):
Sales
thous. of dol- 3,655
3,395
3,363
3,565
3,384
3,662
3,229
3,495
3,442
3,509
3,510
3,490
Stores operated
number..
349
355
351
350
353
352
353
350
348
349
350
349
349
Other chains:
W. T. Grant & Co.:
Sales
thous. of doL. 7,443
6,726
8,365
8,581
8,371
5,754
14,818
5,175
7,649
6,475
8,328
7,075
6,925
Stores operated
number..
472
470
470
471
473
471
472
471
472
472
472
473
472
J. C. Penney Co.:
Sales
thous. of dol.. 22, 529
18, 806
24,992
24,023
21, 475
31, 332
13,964
13,692
19, 759
16,282
20,640
18, 475
19, 369
Stores operated
number1,491
1,480
1,483
1,481
1,484
1,481
1,481
1,481
1,483
1,481
1,483
1,489
1,488
Department stores:
Collections:*
Installment account
percent of accounts receivable
16.2
17.4
17.4
18.0
16.7
16.7
17.4
17.1
17.6
16.9
16.2
16.2
Open account
percent of accounts receivable.
40.6
45.5
46.8
44.0
46.9
44.4
45.1
47.6
43.9
45.8
42.1
45.6
• Revised.
• New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Data of H. L. Green Co., Inc., prior to July 1933 will be shown in a
subsequent issue. 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. 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.
i ^ * R e I i s e < 1 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 Cham Store Age were revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.
1 Monthly data from January 1932 through June 1935 are on page 20 of the July 1935 issue.
• The New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1934. See the 1932 annual supplement and
monthly issues prior to December 1934.
A Data for 1935 revised. See p. 26 of tlie May 1936 issue.
c? Chain Store Age combined index for the period 1932-35 included 18 companies. Beginning 1936 it was increased to 20 caused by the addition of 1 apparel and 1 shoe




27

SURVEY OF CURRENT BUSINESS

November 1936
Monthly statistics through December 1931,
together with explanatory footnotes a n d references to the sources of t h e data, may b e found
in the 1932 A n n u a l Supplement to the Survey

1936

1935

1936

Septem- Septem- October Novem- Decem- Januber
ber
ber
ber
ary

February

March

April

May

June

July

August

DOMESTIC TRADE—Continued
RETAIL TRADE-Continued
Department stores—Continued.
Sales, total value, unadjusted ±
1923-25=100.
Atlanta*
1923-25=100.
Boston
_
1923-25=100.
Chicago*t
1923-25=100.
Cleveland*
..1923-25=100.
Dallas*
1923-25=100.
Kansas City
1925=100.
Minneapolis*
1929=100.
New York*
1925-27=100.
Philadelphia*
____ 1923-25=100.
Richmond
— 1923-25=100St. Louis
.._ 1923-25=100San Francisco'f
1923-25=100.
Sales, total value, adjusted*. 1923-25=100.
Atlanta*
1923-25=100.
Chicago*f--._ .1923-25=100.
Cleveland*
1923-25=100Dallas*
1923-25=100Minneapolis*—
1929=100.
New York*
..1925-27=100.
Philadelphia*-..1923-25=100.
San Francisco*f
1923-25=100,
Installment sales, New England dept.
stores, ratio to total sales
percentStocks, value, end of month:
Unadjusted
1923-25=100.
Adjusted
1923-25=100.
Mail-order and store sales:
Total sales, 2 companies...thous. of dol.
Montgomery Ward & Co.thous. of dol.
Sears, Roebuck & Co..-thous. of dol.
Rural sales of general merchandise:*
Unadjusted
1929-31 = 100.
Adjusted
1929-31 = 100.

93
116
82
86
89
109
92
94
87
69
104
86
97
88
123
94
86
103
88
84
78
93

86
91
72
81
78
97
85
84
83
65
98
71
°88
81
97
79
75
92
77
81
72
«85

86
98
82
86
79
92
90
94
87
74
117
80
«90
78
82
78
75
80
79
77
65
«88

10.8

10.7

71
68

81
90
80
77
82
73
81
57
a
87

66
86
54
69
70
77
63
58
64
51
72
59
"73
83
98
87
86
91
77
77
62
a
86

77
95
66
82
68
87
80
79
71
66
95
73
"80
84
103
90
78
91
84
83
73
a
88

85
100
74
89
89
90
80
88
78
70
103
78
°88
84
96
84
79
92
82
80
70
a
90

6.2

10.1

11.0

9.7

8.5

75
67

61
65

58
66

62
65

67
65

68
65

79,945
35, 897
44,048

71,777
30,910
40,867

90,813
39,475
51, 338

46,181
18, 508
27, 672

45,435
17, 855
27,580

60,926
24,845
36, 081

127.6
104.6

127 6
103.7

155.9
109.8

79.9
96.3

84.2
93.0

99.2
106.7

91
103
78
89
83
97
84
85
93
80
114
81

145
158
124
337
133
155
133
123
146
122
185
120

63
71
63
64
58
69
60
65
63
47
73
56

a 94

«154

a 71

10.2

8.8

67
64

72
66

80,974
33, 357
47, 617

59,474
25,173
34,301

122.3
123.6

103.7
104.8

82
90
81
79
84
86
79
66
«89

83
93
81
81
95
83
83
69
«90

a 90

84
92
76
87
84
92
77
85
80
71
104
72
«84
87
103
89
86
100
88
83
74
94

«63
78
54
65
63
71
59
81
62
52
79
55
77
91
111
91
83
102
61
82
70
94

96
54
76
72
77
70
75
63
56
«78
«60
88
87
523
95
85
107
86
81
73
92

8.9

7.5

9.5

14.9

67
65

62
64

59
63

65
67

69, 413
30,403
39,011

75, 219
30, 295
44,923

76, 689
30, 330
46,359

65, 270
25, 636
39, 634

66, 325
27,422
38, 903

105.5
109.9

106.5
113.3

106.2
112.4

88.3
114.7

111.9

85.1
77.6
79.1

85.7
79.2
81.1

86.0
79.9
82.4

86.8
79.7
83.8

«89.0
°80.0
a
86.0

89
103
74
89
93
95
82
87
80
74
110
76
«86
87
102
88
87
91
86
85
76

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory,unadj. (£. L. £.)*§___. 1923-25=100..
Durable goods group*§
.1923-25=100Iron and steel and products-1923-25=100Blast furnaces and steel works
1923-25=100-

90.6
80.7
87.8

83.7
71.2
74.7

85.3
74.9
76.4

85.0
76.1
76.8

84.6
75.7
76.6

82.9
74.4
75.8

83.1
74.4
76.0

84.1
75.7
77.1

89.4

74.4

75.6

76.2

77.0

77.1

76.6

77.4

79.7

82.1

83.2

85.8

*8S. 2

1923-25=100Tin cans, etc
1923-25=100Lumber and products
1923-24=100. _
Furniture
1923-25=100..
Millwork
1923-25=100 .
Sawmills
1923-25=100—
Turpentine and rosin
1923-25=100..
Machinery
1923-25=100Agricultural implements. 1923-25=100..
Electrical machinery, e t c 1923-25=100..
Foundry and machine-shop products
1923-25=100—
Radios and phonographs. 1923-25=100..
Metals, nonferrous§
1923-25=100-

80.3
115.1
60.7
86.0
H. 9
38.3
101.4
104.1
100.8
85.2

58.6
105.4
57.0
76.3
50.1
37.4
100.5
91.1
118.5
73.3

59.0
100.5
57.5
77.9
49.5
37.6
100.3
93.1
116.6
75.3

58.6
95.3
56.0
77.0
48.7
36.0
100.7
93.8
123.8
75.4

56.6
92.9
54.5
74.8
46.9
35. 1
99.7
93.1
128.9
74.0

57.4
91.6
52.9
71.7
45.5
34.4
98.0
92.5
133.9
72.1

57.7
91.4
53.1
72.6
45.7
34.3
98.1
92.6
136.3
71.4

60.9
93.9
54.5
72.4
47.0
36.1
97.1
93.6
138.7
72.3

64.5
95.8
55.6
72.1
48.5
37.5
99.0
96.2
140.4
75.3

69.1
98.6
56.7
73.0
49.8
38.4
97.8
99.1
138.3
77.1

72.6
102.7
57.5
74.4
51.7
38.5
99.0
100.3
132.6
79.1

75.3
104.3
58. 1
77.7
51.5
38.4
99.2
100.5
118.4
80.9

°79. 4
"111.0
°59.5
«82.6
° 54.3
a
37. 7
101.»
° 101. 2
«a 104.1
81.4

91.3
262.3
96.5

76.0
254.9
86.9

76.8
279.1
91.9

77.6
271.6
93.1

79.0
230.0
92.3

79.1
213.1
89.4

80.0
196.0
89.3

81.5
186.1
88.9

83.8
188.6
88.7

86.1
215.4
89.0

87.0
242.5
89.7

88.2
234.2
88.7

89.4
« 255.0
°92.4
90.6

Structural and metal work

Aluminum manufactures!
1923-25=100..
Brass, bronze, copper products
1923-25=100..
Stamped and enameled ware§
Railroad repair shops
Electric railroad
Steam railroad

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

Stone, clay, and glass products

1923-25=100..
Brick, tile, and terracotta. 1923-25=100..
Cement
—1923-25=100..
Glass
_
..1923-25=100Transportation equipment-1923-25=100..
Automobiles
1923-25=100
Cars, electric and steam.. 1923-25= 100Shipbuilding
1923-25=100..
Nondurable goods group* §...1923-25=100..
Chemicals and products._. 1923-25=100—
Chemicals
.
1923-25=100
Druggists' prep.
1923-25=100..
Paints and varnishes
1923-25=100—

91.2

79.1

82.7

83.0

82.1

81.2

82.0

85.2

84.3

84.6

87.5

90.3

94.1

81.8

86.8

89.0

88.5

87.6

87.2

86.9

86.8

87.7

87.9

88.1

114. 3
61.0
66.0
60.6

106.2
52.6
64.6
51.7

112. 7
55.1
64.5
54.4

116.2
55.7
65.1
55.0

117. 0
55.8
64.8
55.1

110.5
55.9
65.0
55.2

109.2
58.2
65.5
57.6

109.1
60.1
65.8
59.7

112.8
59.9
66.0
59.4

110.8
60.1
65.9
59.7

112.3
60.6
65.6
60.2

109.4
58.9
65 8
58.4

« 112. 2
«60.5
65 9
° 60.1

62.2
42.8
62.1
97.3
86.6
88 8
65.4
100.2
101.2
116. 5
119.3
99.2
112.9

55.8
34.0
51.9
95.8
75.9
84.0
32.5
76.1
97.1
110.7
108.0
99.5
106.7

56.7
35.3
52.9
97.5
92.3
105.0
37.9
79.8
96.4
113.1
108.9
101.6
109.2

56.4
34.6
49.6
98.4
101.0
115.5
43.4
82.3
94.6
112.4
109.5
100.3
109.3

55.2
33.9
45.0
97.8
103.2
118.2
47.4
82.9
94.3
111.1
108.8
98.8
107.9

50.8
31.0
38.0
92.0
101.7
116.3
45.4
83.9
92.1
109.7
107.4
97.6
107.1

51.0
30.0
38.0
93.8
99.0
112.0
48.6
82.0
92.6
108.9
107.1
97.7
107.2

54.1
32.5
44.3
94.9
100.3
111.1
55.0
90.7
93.2
112.1
108.1
99.0
108.1

57.7
36.7
52.3
97.1
104.3
114.1
60.9
99.8
93.1
110.7
109.0
98.4
111.9

59.8
39.9
58.4
97.3
105.5
115.6
61.1
98.7
92.7
110.0
110.3
96.8
114.5

60.7
42.3
58.9
97.3
104.6
114.3
63.3
95.8
92.6
108.3
111.7
96.5
115.3

61.1
43.0
60.0
97.0
101.0
109. 6
60.0
96.7
94.4
110.6
115.3
96.3
112.9

61.9
43.3
61.1
°97 9
«92. 7
o 97 0

90.4

» 68*. 3
«97.2
98.8
•111.4
° 115.8
96 4
°111.3
a

• Revised.
• N e w series. For earlier d a t a on d e p a r t m e n t store sales b y Federal Reserve districts, see p . 20 of t h e F e b r u a r y 1935 issue excepting Chicago, for which see note below.
N o t e t h a t t h e combined index of department-store sales is c o m p u t e d b y the Federal Reserve Board a n d t h e district indexes are c o m p u t e d b y the Federal Reserve b a n k s .
F o r districts n o t m a r k e d w i t h an asterisk t h e series are as published in t h e 1932 A n n u a l S u p p l e m e n t a n d s u b s e q u e n t issues. See p . 20 of t h e December 1934 issue for r u r a l
sales for period J a n u a r y 1929 to October 1934. For earlier d a t a on factory e m p l o y m e n t unadjusted in detail, see p . 16 of the J u n e 1934 issue. See p . 19 of t h e J u l y 1934 issue
for factory e m p l o y m e n t unadjusted total. D a t a on e m p l o y m e n t in t h e durable a n d n o n d u r a b l e goods groups for t h e period J a n u a r y 1923-June 1935 were shown on p . 19 of
t h e August 1935 issue.
f Revised series. See p . 19 of t h e April 1935 issue, department-store sales, Chicago. D a t a for d e p a r t m e n t store sales, San Francisco district revised for t h s period
1919-36. Revisions not shown above will a p p a a r i n a s u b s e q u e n t issue.
A T h i s series was shown on p . 20 of t h e J u n e 1935 issue from 1919 t h r o u g h April 1935. For a subsequent revision see p . 19 of the S e p t e m b e r 1936 issue.
• T h e adjusted index of department-store sales (total value) was revised b y t h e Federal Reserve Board for t h e years 1929 through 1934. Revised indexes for this period
were shown on p . 20 of the J u n e 1935 issue. F o r a subsequent revision see p . 19 of the September 1936 issue.
§ D a t a have been revised for t h e period J a n u a r y 1933-September 1935. Revisions not shown in the N o v e m b e r 1935 issue appeared on p . 16 of the J a n n a r y 1936 issue.




28

SUEVEY 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

November 1936

1935

1936

1936

Septem- Septem- October Novem- December
ber
ber
ber

January

February

March

April

May

June

July

August

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
Factory unadjusted—Continued.
Nondurable goods group—Continued.
Chemicals and products—Continued.
Petroleum refining
1923-25=100111.6
366. 3
Rayon and products
1923-25=100-..
121.7
Food and products
1923-25=100118. 6
Baking.
—
-1923-25 = 100194.6
Beverages
1923-25=100Slaughtering, meat pack89.5
ing
1923-25=10089.4
Leather and products.
1923-25 = 10087. 3
Boots and shoes
1923-25=100. 98. 2
Leather
1923-25 = 100101. 8
Paper and p r i n t i n g .1923-25 = 100111.9
Paper and pulp
1923-25 = 100—
90. 8
Rubber products §
1923-25 = 10081.3
Rubber tires and tubes—1923-25=100—
100. 0
Textiles and products
1923-25 = 100..
95. 9
Fabrics
1923-25 = 100105. 2
Wearing a p p a r e l 1923-25=100.
60. 1
Tobacco manufactures
1923-25=100—
88.9
Factory adjusted (F. R. B.)* §.1923-25 = 100116. 1
Chemicals and products
1923-25 = 100119.9
Chemicals
-1923-25 = 10097. 1
Druggists'preparations—1923-25 = 100114. 3
Paints and varnishes
1923-25 = 100—
109. 6
Petroleum refining.
—1923-25 = 100..
366. 3
Rayon and products.——.1923-25=100..
104. 1
Food'and products
1923-25 = 100..
116.5
Baking
.1923-25=100-.
Slaughtering, meat packing
90. 4
1923-25=100..
Iron and steel and products—1923-25=100..
87. 1
Blast furnaces and steel works
89.4
1923-25 = 100.
78. 1
Structural and metal work. 1923-25 = 100.
108. 6
Tin cans, etc
1923-25=100.
86. 1
Leather and products
1923-25=100.
83. 1
Boots and shoes
—1923-25 = 100.
98. 1
Leather
-.1923-25 = 100.
59. 1
Lumber and products
-1923-25 = 100.
83.
Furniture
1923-25=100.,
54.4
Millwork
.1923-25 = 100.
37.1
Sawmills
——
1923-25=100.
101. 7
Machinery
..1923-25 = 100.
107.
Agricultural implements-_1923-25=100.
85.
Electrical machinery, etc ..1923-25=100.
Foundry and machine-shop products
91.0
1923-25 = 100.
196. 4
Radios and phonographs
1923-25 = 100.
97.1
Metals, nonferrous§
1923-25 = 100.
95.1
Brass, bronze, copper prod_1923-25 = 100_
Stamped and enameled
116.2
ware §
1923-25=100.
102. 1
Paper and printing
1923-25 = 100.
111.9
Paper and pulp
1923-25 = 100.
60.7
Railroad repair shops
1923-25 = 100.
66. 0
Electric railroads
1923-25=100.
60.3
Steam railroads
1923-25 = 100
91.4
Rubber products!
1923-25 = 100.
82.8
Rubber tires and tubes
1923-25=100.
Stone, clay, and glass products
60.0
1923-25=100.
40.4
Brick, tile, and terra cotta_1923-25 = 100_
58. 5
Cement
1923-25=10095. 1
Glass
1923-25 = 100.
100.
Textiles and products
1923-25 = 100.
97.0
Fabrics
..1923-25=100.
102.9
Wearing apparel
1923-25 = 100.
58.
Tobacco manufactures
1923-25 = 100
Transportation equipment _. 1923-25 = 100 _ • 92.
96. 2
Automobiles.
1923-25 = 100.
64.
Cars, electric and steam.._ 1923-25=100.
106.8
Shipbuilding
1923-25=100.
Factory, b y cities and States:
Cities:
Baltimore*
—1929-31 = 100.
Chicago*
..-.1925-27=100
96. 4
Cleveland*
1923-25 = 100.
83.9
Detroit.
1923-25 = 100.
101.4
Milwaukee*..—.
...1925-27=100.
80.4
New York
.1925-27=100.
98. 5
Philadelphia!.
1923-25=100.
84.
Pittsburgh*!
1923-25=100..
States:
119.4
Delawaref.
1923-25=100..
86. 6
Illinois
1925-27=100...
121.8
Iowa *
1923-25 = 100—
79.8
Massachusetts*!
1925-27=100..

110.1
353. 6
118.2
114.6
171.9

110.9
356.8
108.5
114.6
162.9

110.3
356.1
100.5
113. 6
153.0

109.6
357.9
96.8
112.4
150.1

108.7
353.6
92.6
111.2
149.7

108. 0
347. 2
91.1
111. 7
148. 0

107.5
352.0
92.0
112.9
158.6

109.4
331.1
94.1
113. 5
163.9

109.4
341.4
96.3
114.8
178.9

110. 7
342. 0
100. 4
115. 9
184. 9

114.1
353. 3
107.7
116.6
204.2

» 111.1
362. 9
» 115.9
<* 117.3
» 199. 1

78.9
88.8
87.3
95.2
97.3
109.2
81.1
70.3
95.9
92.1
100. 5
58.9
81.9
110. 3
108.5
97.4
108.0
108.2
353. 6
99.8
112.6

79.7
86.6
84.0
97.0
98.3
109.1
82.8
70. 7
97.7
94.6
100. 5
60.0
83.7
111,3
107.7
97.1
108.9
111.1
356.8
98.1
112.8

82.8
82.3
77.8
100.3
98.7
109.0
82.7
69.8
97.0
96.1
94.8
59.7
84.8
110.8
107. 2
96.8
110.2
111.4
356.1
98.4
111.8

84.3
86.3
82.8
100.4
99.7
110.0
83.0
70.5
96.9
96.4
93.8
58.2
85.6
110.3
106. 6
97.3
109.7
110.9
357. 9
100.7
112.4

84.9
88.4
86.1
97.7
97.5
108.7
82.0
70.5
95.1
94,0
93.4
52.2
84.8
109.8
105. 9
95.4
109. 6
110.8
353.6
103.1
113.6

81. 7
89. 7
88. 1
96. 3
98.2
109. 2
81. 7
69. 9
96. 1
93. 5
97. 9
55. 5
83. 8
108. 2
105. 4
96. 8
107. 3
109 4
347
347. 2I
101.
114. 2

80.5
89.0
87.4
95.6
98.2
109, 6
72.. 7
53. 2
97.2
93.3
101. 9
55.9
84.2
110.3
106.9
96.9
107.3
108. 6
352.0
102.2
115.2

80.7
86.4
84.3
94.9
98.6
110.3
82.1
68. 1
96.1
91.9
101.7
55.4
84.9
107.6
108.3
100.2
111.4
109. 4
331.1
100. 5
115. 3

82.8
83.9
81.4
94.3
99.0
111.0
83.0
70.0
94.2
90.7
97.9
56.7
85.8
111.2
112.2
100.4
110.4
109.6
341.4
102.9
114.8

84. 2
82. 4
79. 7
93. 5
98. 3
110.3
83. 7
72.6
93. 2
90. 6
95. 2
56. 9
86. 3
111. 8
113. 9
101. 0
111. 1
109. 7
342. 0
102. 4
114. 6

89.2
86.9
85.1
94.5
97.9
109.8
84.5
73.6
93.4
92.0
92. 5
57.2
87.6
114. 2
118. 1
101.7
113. 1
111.6
353. 3
103.9
114.9

<>89.9
89.7
88.1
96.2
« 99. 6
a 110.7
«88. 1
« 79. 8
«98. 5
a 95.0
a 102. 3
o 59. 5
* 88.9
« 114, 6
o 120.0
98.4
<* 114.4
a 109. 0
362. 9
« 105. 1
a 116.9

79.7
74.1

79.1
75.9

82.0
77.1

80.7
77.9

82.4
77.6

80. 3
75.9

82.4
76.1

83.4
77.9

83.8
80.1

84.6
82 2

89. 7
85.1

« 91.7
« 85. 2

74.4
57.0
QQA
85.4
83.1
95, 1
55.5
73.9
49.
36.2
88.
126.
73.3

76.1
57.7
100.7
84.5
81.4
97.1
55.4
71.7
49.1
37.0
90.6
122.4
75.3

77.1
58.4
99.6
84.1
80.2
99.6
54.4
71.6
48.
35.7
93.0
127.
75.4

78.3
57.1
96.6
90.3
88.0
100. 0
54.5
72.4
47.6
35.8
93.9
129.3
74.0

77.6
58.9
97.9
89.2
87.5
96.0
54.8
74.4
46.9
36.0
94.6
129.4
72.1

75. 8
59. 4
95. 5
87. 8
86. 4
93. 9
54. 6
73. 3
46. 3
35. 8
93. 6
128. 1
71. 4

75.7
62.3
96.9
86.9
85.4
93.4
55.9
73.7
47.6
37.3
94.9
129.6
72.3

78.1
65.3
95.4
87.0
85.2
94.7
56.3
74.7
48.2
37.7
97.0
132. 6
75.3

80.9
69.5
97.6
86.2
84.0
95.6
57.1
76.8
49.2
37.8
99.6
134. 1
77.1

83
72
99
85
83
95
57
77
51
37
100
133
79

4
2
2
9
4
8
3
2
1
5
7
5
1

87. 0
73. 8
100. 3
86. 4
83. 8
97. 2
58. 2
81. 4
51.0
37. 6
101. 1
125. 0
SO. 9

103*. 5
86.7
83.9
97.7
« 58. 8
" 82.4
« 53. 4
* 36. 7
« 100. 8
« 109.9
<» 81. 4

75.8
190.9
87.4
82.7

77.4
196.8
90.
87.9

79.1
222.3
91.
90.0

225.4
91.4
89.1

80.3
253.1
90.4
88.0

79.6
239.0
88. 3
85. 6

80.4
248, 8
87.2
84.6

82.4
239.0
87.6
85.3

84 8
256.4
89.4
87.2

86 1
267 7
90 8
88.4

88. 2
244. 0
90. 9
89. 0

89.2
« 231.8
<> 94. 2
91. 1

107.9
97.6
109.2
52.4
64.6
51.4
81.7
71.6

112.6
97.8
109.1
54.8
64.5
54.1
83.4
73.2

116.3
97.4
109.0
55.8
65.1
55.2
83.0
72.1

118. 3
98.0
110.0
55.
64.
55.2
83.4
72.9

114. 2
96.8
108.7
56.7
65.0
56.1
83.4
72.7

107. 9
98. 0
109. 2
59 0
65. 5
58. 4
82.2
70. 6

105.1
97. 9
109.6
60. 4
65.8
60.0
73.7
54.3

109.7
99.0
110.3
59.4
66.0
59.0
82. 1
67.0

109.3
99.6
111.0
59.7
65.9
59.3
81.8
66.8

112.2
99. 2
110.3
60.1
65.6
8L7
68.2

110. 7
98. 9
109. 8
58. 6
65. 8
58. 1
83. 6
70. 4

<* 114.7
« 100. 8
* 110.7
« 60. 3
65. 9
« 59.9
"89.5
"79.7

53.9
32.1
48.9
93.6
96.0
93.2
98.3
57.3
81.6
91.0
31.8
81.1

54.6
34.4
50.9
92.5
96.0
93.6
97.3
57.4
99.5
113.8
39.5
85.3

56.1
34.7
49.
97.
96.
94.4
96.0
57.0
109.0
125.1
48.1
85.6

56.4
35.8
47.4
98.2
96.2
94.7
95.3
58.0
110.9
128.0
51.6
82.9

55.8
35.3
42.8
100.0
95.0
93.0
95.3
56.0
103.0
117.4
50.9
81.4

54. 0
34. 5
42.7
96 2
94. 4
92.0
95 8
55 2
96 6
108 7
52 3
78 0

55.2
35. 2
47.3
94. 1
94.6
91.6
97.4
56.4
96.3
106. 3
55. 4
86.1

57.1
36.4
52.6
95. 6
94.9
91.3
99.1
56.2
98.7
108.0
56.4
93.7

58.2
37.7
56.7
95.6
94.2
90.7
98.1
57.0
96.7
105.2
55.6
95.7

58.3
39.4
55. 3
94.1
94.5
91.8
96.7
57.2
99.1
108.2
58.3
94.7

60. 5
39. 7
55. 8
101.0
98. 2
95. 9
99. 3
8
98.' 2
106. 4
56 0
99.0

60.4
40.0
57.4
<* 99. 6
« 102. 0
«98.7
« 105. 1
« 59.7
0
92.7
« 96. 8
« 65. 0
« 102. 7

84.5
67.3
89.3
82.7
93.2
75.9
91.0
69.7

84.4
68.5
95.5
100.9
94.4
77.7
92.2
71.5

82.9
68.9
94.9
107.8
96.2
76.3
92.2
72.2

81.9
69.1
94.
108.8
96.0
75.2
92.
72.0

68.7
94.9
103.8
95.2
73.7
90.5
69.7

82 0
69 2
94 2
100 0
94.2
74 5
90 8
71 3

83.3
69.3
94.4
101. 5
96. 1
77.2
91.8
71.8

86.2
70.0
95.1
105. 8
97.6
75.9
91.7
74.4

87.7
71.7
96.2
105.0
99.5
74.3
91.5
76.0

88.2
72.6
96.2
103. 5
99. 2
72.2
92.2
78.7

88 9
73 6
96 4
101 0
98 1
72 5
93^6
80 9

o 84.2
76.0
91.1
78.0
97.4
77. 1
«96. 1
« 82. 8

75.7
114.2
74.6

92.6
75.8
114.3
76.5

76.0
114.7

76.6
116.3
76.4

89.7
75.8
115. 6
74.3

89.1
76 7
114 5
75 3

88.7
77.8
117. 4
74.8

88.3
79.0
119 .0
74.5

90.4
80.3
121.8
74.0

94.6
81.6
123.2
73.4

99.1
82.1
121.0
75.4

* 112. 3
84.7
119.8
78.2

???

0
Revised.
* For 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; employment in Chicago, p. 20: June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1934;
new data other than shown above on Iowa employment will appear in a subsequent issue.




SURVEY OF CURRENT BUSINESS

November 1936

1935
Monthly statistics through December, 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- Septem- October Novem- Decemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

29
1936

January

February

March

April

May

June

July

August

EMPLOYMENT CONDITIONS AND WAGES—Continued
EM PLO YMENT-Continued
Factory, by cities and States—Continued.
States—Continued.
90.5
94.2
98.9
92.1
90.4
89.7
88.3
93.1
95.5
88.4
Maryland*-.
1929-31=10092.3
93.9
«93.0
New Jersey!.1923-25= 10083.1
78.0
76.4
80.0
80.6
79.1
76.3
76.1
77.0
77.7
78.7
79.3
80.8
76.2
77.4.
83.2
75.3
77.5
77.4
New York.1925-27= 10076.8
77.8
76.9
76.8
75.2
79.7
77.2
93.1
93.8
96.0
94.2
Ohio
1926=1000)
0)
0)
0)
0)
0)
0)
0)
«84. 8
Pennsylvania!
„
1923-25=100..
86.8
78.1
76.9
77.3
77.6
79.1
79.5
80.7
«82.4
79.4
79.0
78.9
91.9
95.2
88.7
89.3
90.7
95.6
87.2
89.5
91.8
88.2
85.9
87.1
89.1
Wisconsin.
1925-27=100Nonmanufacturing (B. L. 8.):
Mining:
61.2
57.3
52.5
48.4
49.8
54.9
41.1
47.6
46.0
51.2
59.1
58.8
46.6
Anthracite..
1929=100..
80.2
80.4
77.5
76.2
79.1
76.8
78.1
75.5
74.3
76.1
77.1
79.8
75.7
Bituminous coaL__
.1929=100—
61.6
62.8
48.9
54.2
55.5
55.9
57.5
60.8
61.3
51.6
52.6
53.5
61.9
Metalliferous—1929=100..
75.7
74.4
75.4
75.1
70.9
71.3
72.7
71.9
71.1
70.8
74.7
73.0
Petroleum, crude production.1929 = 100-.
73.7
55.3
50.0
42.2
48.4
52.0
54.4
50.0
43.1
54.8
36.9
Quarrying and nonmetallic—_1929=100..
39.4
53.5
46.7
Public utilities:
Electric light and power, and manufac86.1
93.4
86.8
88.0
86.8
93.5
87.4
86.9
89.0
90.4
91.7
87.6
86.1
tured gas
1929=100..
72.4
72. 8
71.2
71.3
71.5
72.4
70.5
71.7
71.0
71.7
Electric railroads._.
„„.1929=100..
70.7
71.1
71.1
73.5
73.7
70.4
69.9
70.2
70.8
71.6
73.1
70.0
69.6
70.1
69.8
Telephone and telegraph
1929=100—
72.1
Trade:
85.2
82.4
86.8
83.2
80.4
79.7
81.9
85.0
92.9
81.8
85.5
83.8
84.6
Retail!.— . .1929=100..
86.2
86.8
87.7
85.6
85.7
84.6
85.4
85.7
85.0
86.4
83.7
85.6
84.6
Wholesale!
—
_1929=100._
Miscellaneous:
73.4
83.6
86.6
74.7
81.8
87.3
82.1
71.5
70.3
85.5
80.4
87.5
76.3
Dyeing and cleaning*!*
1929=100..
83.0
83.8
81.9
82.8
82.8
83.2
84.1
83.3
80.8
81.1
81.6
81.5
83.9
Hotels!
.1929=10083.2
89.6
81.2
82.1
85.5
89.6
90.5
81.9
83.0
81.5
81.3
81.1
87.2
Laundries*!*..
.1929=100Miscellaneous data:
Construction employment, Ohio
27.9
30.9
28.5
27.6
1926=1000)
(l)
0)
0)
0)
0)
0)
0)
0)
Farm employees, average per farm*
.62
.74
.89
.99
1.07
.98
.90
1.00
.71
.85
number..
1.01
(")
Federal and State highway employment,
total*
number.. 414,147 340, 073 323,374 290, 523 252, 229 202,884 200,451 227,586 287,478 374,191 423,466 435,971 433, 533
80, 674
94, 200 144,173 209,835 258,103 271, 015 274, 651
97,089
Construction*
number.. 262,375 183,886 176, 050 151, 385 130, 539
151,772 156,187 147,324 139,138 121, 690 105, 795 119, 777 133, 386 143, 305 164,356 165,363 164, 956 158,882
Maintenance*
number
Federal civilian employees:
United States*._
number— 871,253 829, 605 831,453 835,236 850, 943 840,183 835,087 841,197 846,279 853,439 859, 836 866,141 869, 799
Washington
number- 114,611 108,952 110,009 110, 745 111, 692 111,954 112,304 112,370 115,073 116,857 117,103 116, 022 115, 569
1,102
Railway employees, class I*._-thousands—
1,013
991
1,042
1,032
1,061
1,080
1,089
1,097
1,021
1,001
987
Trades-union members employed:
82
77
79
«87
78
83
83
78
88
All trades
percent of total80
80
83
Building trades*
percent of total—
76
50
48
51
59
66
73
53
54
52
55
72
88
85
82
83
83
86
89
80
83
81
81
88
Metal trades*
percent of total..
° 89
85
87
88
89
88
86
86
85
87
87
88
Printing trades*
percent of total85
81
°89
82
83
84
86
85
84
83
84
85
All other trades*
percent of total63
«66
58
61
61
64
55
56
57
59
59
On full time, all trades percent of total—
58
60
LABOR CONDITIONS
Hours of work per week in factories:*!!
38.4
40.0
38.7
40.6
39.5
39.4
39.2
37.7
38.1
38.7
38.5
39.4
38.6
Actual, average per wage earner
hours..
Industrial disputes in progress during
month:!
*340
332
210
247
301
'345
311
«247
«298
P299
274
« 318
«274
Number of disputes
Man-days lost
number.. J>1,120,000 3,027,040 1, 562,908 1,003, 852 660, 911 632, 705 " 747,819 1,330, 788 " 692, 824 « 986,981 "1,279,274 PI,075,000 P 8 9 1 , 000
'118,000
58, 583 "89,768 122, 301 « 93, 886 " 120,969 " 129, 381 v 122, 000
61, 782
Workers involved
number.. v 125,000 514,427 133, 742 100, 732
Employment Service (United States) :*
Applications:
In active
file®!
.number- 6,837,054 «8,747,852 "8,796,750 "8,456,718 "9,025,963 "9,083,717 "9,252,657 "9,312,517 "9,044,859 "8,812,299 "6,498,076 «6,726,328 '6,823.904
New ...
number.. 355,538 « 691,853 « 656, 741 "550,457 « 501,194 » 433, 585 ° 355, 327 • 364,758 " 300, 516 -295,812 " 370, 233 " 395, 567 '384, 762
Placements:
434, 374 • 396, 340 « 561, 717 " 684, 329 « 799,927 ° 522, 762 « 387, 279 « 442,331 " 454,826 « 468, 588 « 473,141 « 437,837 '436,093
Number!
«*. 064
.064
.045
.058
.042
«.O47
.050
.053
.073
.065
.089
.064
.081
Per active applicant
number—
Labor turn-over:!
4.72
3.30
4.94
5.09
3.65
2.95
3.97
4.46
5.23
4.95
4.05
Accessions
percent of no. on pay roll—
4.49
3.63
Separations:
.27
.18
.26
.17
.19
.21
.23
.21
.20
.19
.20
.20
Discharged—percent of no. on pay roll.23
3.23
2.21
1.92
1.84
2.89
1.47
1.83
2.06
2.66
1.92
2.03
Laid off
percent of no. on pay roll1.95
2.58
Voluntary quits
1.23
.69
1.57
.68
.86
1.16
1.06
.89
percent of no. on pay roll—
1.05
1.15
77
.71
1.13
PAY EOLLS
77.2
77.8
81.0
75.5
75.6
71.7
71.9
•
8
1. 1
74.3
72.0
78.5
78.7
73.7
Factory unadj. (B. L. S.) *§-_ 1923-25=100-.
a
"73. 2
Durable goods group*§
1923-25=10073. 2
° 59.7
° 63.8
° 63.6
75.1
72.1
65.1
° 66.7
° 68.3
Iron and steel and products
«80.7
69.9
73.9
76.9
1923-25=10065.2
78.5
64.4
68.8
62.7
65.5
75.8
65.1
81.1
Blast furnaces and steel works
82.1
"87.1
72.0
68.2
73.8
79.2
86.6
64.2
82.5
66.4
68.0
84.0
66.1
1923-25=100..
Structural and metal work
45.0
66.1
°70.6
71.5
49.9
44.8
60.7
46.0
45.6
45.3
54.7
65.1
44.7
1923-25=-10091.5
86.1
102.4 «113.2
119. 0
94.5
100.2
105.7
90.9
94.3
98.6
102.
91.5
Tin cans, etc..
1923-25=100"52.7
53.9
41.1
41.1
44.6
46.3
48.1
49.4
44.2
48.5
47.3
48.6
45.0
Lumber and products
1923-25=100—
69.1
71.8
60.2
51.8
54.3
55.7
56.2
56.7
59.3
63.0
59.3
58.4
60.5
Furniture
1923-25= 100—
-48.9
48.8
40.8
36.1
39 2
41.2
43.9
45.9
41.9
39.6
39.0
44.2
35.9
Millwork—
1923-25 = 100..
°31.1
31.6
29.4
28!
0
25.9
30.0
24.4
31.3
29.5
26.5
25.2
29.7
31.
Sawmills
1923-25=100..
59.7
59.2
55.2
59.2
57.0
58.
64.4
58.8
59.3
60.5
58.
65.8
64.6
Turpentine and rosin
1923-25=100—
J
° Revised.
v Preliminary.
i Temporarily discontinued by the reporting source.
Data not available.
* 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 t tie 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 1034 issue. See also p. 19. July 1934 issue. Data on the IT. S. Employment Service for the period July 1933-June 1935 were shown
on p. 19 of the September 1935 issue. Data for class I railway employment for period July 1921-August 1936 are shown on p. 20 of this issue.
t For revised data refer to the indicated pages as follows: Employment in JSiew 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. For labor turn-over see p . 20 of the April 1935 issue. Industrial disputes
revised for 1935. See p. 29 of the April 1935 and p. 29 cf the May 1936 issues. Data on Employment Service (U. S.) revised beginning July 1935. Revisions July 1935,
applications in active file, 7,562,206, new applications, 863,930, placements, 283,760; August 1935, applications in active file, 8,277.774, new applications, 878.782, and placements 304,499.
• 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.
§ Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue appeared on p. 16 of the January 1936 issue.
A 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 series resumed in the September 1935 issue.
<g> Changes in procedures affecting the organization of the active file resulted in the decline during June 1936.
1 Data revised for the period 1924 to date. For revisions see p. 17 of the October 1936 issue.
101104—36
5




30

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December, 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- Septem- October Novem- Decemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

November 1936
1936

January

Febru- March
ary

April

May

June

July

August

EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS—Continued
Factory unadjusted—Continued.
Durable goods group—Continued.
Machinery
_._. 1923-25=100Agricul tural implements. 1923-25 = 100. _
Electrical machinery, e t c 1923-25=100.Foundry and machine shop products
1923-25 = 100-.
Radios and phonographs. 1923-25 = 100..
Metals, nonferrous §
1923-25=100Aluminum manufactures §
1923-25=100Brass, bronze, copper products
1923-25=100Stamped and enameled ware §
1923-25 = 100-.
Railroad repair shops
1923-25=100-..
Electric railroads...
1923-25=100.Steam railroads
1923-25=100.
Stone, clay, and glass products
1923-25=100..

Brick, tile, and terra cotta

1923-25 = 100Cement
1923-25=100Glass
._
1923-25= 100..
Transportation equipment-1923-25 = 100..
Automobiles
1923-25 = 100
Cars, electric and steam. 1923-25=100Shipbuilding
1923-25 = 100
Nondurable goods group* §.. 1923-25=100-.
Chemicals and products...1923-25=100..
Chemicals
1923-25 = 100Druggists' preparations._1923-25=100-.
Paints and varnishes
1923-25=100Petroleum refining,
..1923-25=100Rayon and products
1923-25=100..
Food and products.
1923-25 = 100Baking
1923-25=100.
Beverages
1923-25=100Slaughtering, meat packing
1923-'5=100..
Leather and products
1923-25 = 100Boots and shoes
.1923-25= 100. _
Leather
1923-25=100..
Paper and printing.
1923-25=100..
Paper and pulp
1923-25 = 100..
Rubber products!
1923-25=100..
Rubber tires and tubes.. 1923-25=100..
Textiles and products
1923-25 = 100..
Fabrics
1923-25=100.
Wearing apparel.
1923-25 = 100._
Tobacco manufactures
1923-25=100..
Factory by cities:
Baltimore*
1929-31=100__
Chicago*
1925-27=100..
Milwaukee*
.1925-27=100New York*
_ .1925-27 = 100. _
Philadelphia*!
1923-25=100..
Pittsburgh*!
1923-25=100..
Factory by States:
Delaware!1923-25=100..
IllinoisA-1925-27=100..
Maryland*
1929-31 = 100..
Massachusetts*t1925-27=100..
New Jerseyf
1923-25=100..
New York....
.1925-27=100..
Pennsylvaniaf-1923-25=100..
Wisconsin
1925-27=100..
Nonmanufacturing (B. L. S.):
Mining:
Anthracite..
.1929=100..
Bituminous coal
1929=100..
Metalliferous.
._
_1929=100._
Petroleum, crude production
1929=100..
Quarrying and nonmetallic. 1929=100..
Public utilities:
Electric light and power and manufactured gas
.1929=100..
Electric railroads
1929=100..
Telephone and telegraph... 1929 = 100..I
TradeRetailf
.1929=100..
Wholesalef.1929 = 100..
Miscellaneous:
Dyeing and cleaning*!^
1929=100..
Hotels!
1929=100..
Laundries*!*
1929=100.. i
1
Revised.

89.4
102. 0
74.2

75.2
136.8
62.1

78.4
136.1
65.2

78.9
145. 0
64.6

80.7
155.2
65.1

78.3
162. 0
61.3

79.2
165. 3
61.0

82.2
171.0
63.7

86.3
172.5

89.6
168.8
71.1

90.6
156. 5
73.0

87.6
130.5
72.6

"88.8
<* 112. 2
72.4

80.7
168. 5
83. 6

62.2
166.3
70.9

64.6
185.8
7S.4

65.3
179.8

68.5
143.7

66.7
126.2
72.7

68.3
114. 0
72.4

71.6
109.7
73.9

75.4
118.0
74.0

78.4
141.9
75.2

79.6
162.0
76.1

77.4
149.9
73.6

°79.8
« 172.2
« 79. 1

84.8

69.6

76.0

74.6

76.7

79.9

71.3

70.3

90.8
52.2
60.8
51.7

90.7
57. 8
62.5
57.6

83.1

65.8

72.5

96.2
60.8
60.8
60.9

89.8
49.1
59.1
48.5

99.9
53.1
60.0
52.7

78.5

79.4

77.0

76.7
73.4

78.7

78.8

80.9

82.5

70.8

73.3

73.2

72.3

78.1

96.4
63.1
63.6
63.2

101.1
60.6
62.5
60.6

97.3
61.6
62.7
61.6

98.8
62.3
61.9
62.4

91.9
58. 0
61.7
57.8

«9S.O
"59.7
« 61.3
a
59. 7

86.1

51.3

42.2

44.5

72.9
101.0
54.5
59.3
54.2
43.9

44.6

38.0

38.7

43.5

46.9

49.3

49.5

48.8

° 51. 5

31.4
49.3
91.3
76.8
76.7
71.9
93.0
91.0
108. 6
115.7
100. 8
100. 2
106. 5
286. 6
112. 7
109. 0
204. 3

22.5
35.2
85.6
60.0
64. 6
31.0
65. 6
°87.0
99.0
98.8
97.3
89. 5
102.8
264.1
105. 5
101.6
171.0

24.0
35.1
90.9
78.6
87.5
38.7
70.4
o 86. 1
100.6
100.1
99. 9
94.8
102.2
263.5
98.0
100.8
157.7

23.4
33.3
91. 2
92.1
104. 5
44.6
72. 5
82.7
99.1
101.9
94.7
94.0
98.8
263. 3
91.9
99.7
151.2

23.3
31.1
94.2
92.9
103. 8
51.9
77.2
° 85. 2
100. 8
102.1
97.2
93.7
104.0
268.0
90.5
99.4
147.4

20.0
23.4
82.3
86.2
95.7
47.9
77.2
a 82. 3
97.9
99.7
95.3
91.8
99.5
264. 4
87.3
99.0
147.0

19.4
23.8
83.8
77.8
83.9
51.7
75.3
« 82. 7
97.5
99.9
94.2
93.5
98. 5
260. 8
84.7
99.8
143. 3

22.4
31.8
89.1
87.7
94.4
59.8
85.0
« 84. 7
102.4
103.0
100. 0
95.9
103.0
267.3
87.5
100.9
162.4

25.8
38.3
92.1
100.8
109.1
68.1
95.6
83.3
101.3
104.9
98.0
100.7
101.7
254.9
87.7
100.4
168.0

29.5
44.0
93.0
102.4
111.1
67.2
95.6
83.4
102.9
107.0
95.9
106.0
103.4
259.0
92.7
104.1
192.9

31.4
45.5
91.9
99.5
107.1
70.2
91.8
83.3
102.6
108.9
93.3
106. 6
105. 6
262.4
95.8
106.0
198.6

31.3
46.9
89.1
93.3
99.5
65.7
92.5
85.2
103.5
110.5
94.6
100.4
107.8
272.8
103. 6
106.9
239.7

« 94. 2
«82. 3
a
83. 4
a
75. 7
° 91. 5
«91.4
° 105. 2
« 113. 2
98.8
a
100. 1
° 105. 5
° 284. 4
° 110. 4
a 107. 1
« 213.3

84.0
77. 7
70* 6
100. 5
93.1
96.0
86.0
79. 6
82. 6
81.5
79.9
51.4

74.1
76.9
71.1
95.2
86.2
90.7
68.8
59.0
84.6
80.4
87.8
49.4

75.6
73.8
65.9
99.4
88.2
93.3
70.8
59.0
84.5
83.3
81.8
50.5

77.7
66.6
56.1
101. 4
88.0
91.7
70.3
59.9
79.7
82.6
69.2
48.9

79.7
75.4
66.7
103.7
91.8
94.4
74.5
63.8
81.9
85.3
70.5
49.6

81.6
79.1
72.7
99.7
88.2
91.7
70.2
59.9
79.1
80.0
72.6
41.7

73.8
79.8
74.5
96.6
88.9
93.4
69.8
60.2
81.1
79.9
78.6
43.4

74.1
75.5
69.7
93.8
90.5
94.9
63.0
47.4
84.3
80.0
87.6
44.9

73.6
69.9
62.4
94.5
91.1
96.2
74.0
63.2
80.0
78.3
78.7
42.6

77.6
65.9
56.8
95.9
91.9
97.0
76.8
68.2
77.0
76.4
73.8
46.8

80.2
66.7
58.2
94.6
90.5
95.8
79.0
70.9
75.7
76.5
69.6
48.3

85.6
76.5
70.8
94.7
87.7
93.2
77.0
70.0
76.2
78.4
67.4
49.2

86.4
« 82. 8
a 77. 7
a 99. 0
« 90. 6
« 97. 6
"84.0
«78. 1
«86. 0
84.3
« 84. 2
51.5

96.9
58.4
90.3
69.0
87.7
08. 3

81.6
48.8
82.6
67.1
79.6
67.0

80.4
49.6
82.7
66.7
81.0
76.2

79.3
48.9
84.5
63.4
79.7
74.5

80.0
50.6
86.7
64.5
80.4
74.5

78.1
51.2
84.5
63.6
78.2
71.4

80.3
51.1
81.2
63.9
78.2
73.9

52.2
87.0
69.1
80.0
75.5

85.4
52.3
89.3
65.0
76.8
88.7

91.3
54.2
89.5
63.4
79.8
90.3

92.9
55.7
91.5
61.2
81.1
94.4

92.7
56.4
87.6
62.4
82. 1
93.3

a 85. 3
58.5
89.5
68. 1
a 88. 3
°96.6

91.7
60. 9
85. 5
70.3
71.8
72.3
82.5
82.7

70.5
55. 6
85.5
64.8
64.8
65.9
65.0
78.1

70.4
56.9
84.9
65.9
67.6
66.3
70.3
77.1

69.2
56.5
82.5
62.4
68.1
64.3
68.5
75.8

72.3
58.4
83.9
66.8
68.1
65.9
68.3
77.3

71.9
57.4
81.9
64.8
65.2
64.4
66.0
75.2

70. 5
58.3
83.3
65.9
65. 0
64.5
67.2
74.0

60.8
84.4
65.3
66.4
67.2
69.0
79.2

70.8
61.3
88.4
66.0
67.4
66.4
72.8
79.0

73.5
62.8
93.2
65.4
68.8
66.6
74.4
80.4

76.9
64.4
94.3
64.0
70.0
66.3
76.2
81.8

79.4
63.8
94.2
66.6
69.4
67.5
° 76.7
79.7

87.6
66.4
« 89. 4
70. 1
72.0
71.0
° 81.7
82.6

34. 9
71.0
49.7

38.2
60.1
35.4

55.9
69.8
38.7

28.4
65.5
39.6

55.4
69.5
43.2

54.4
70.6
41.7

76.7
78.4
42.8

42.6
70.2
45.1

28.6
62.6
45.5

56.3
62.2
47.7

42.0
61.5
48.2

37.2
62.6
46. 1

31.4
65. 8
48.1

60.1
44.6

60.9
35.4

57.9
36.5

57.2
32.1

59.9
29.7

55.7
25.5

55.7
23.9

56.0
30.9

57.1
36.1

58.0
42.1

58.9
44.0

60.7
43.9

60.6
46.2

90.6
66. 5
78. 2

84.5
64.0
73.8

84.4
64.1
74.9

83.4
63.8
74.9

86.0
66.1
75.6

84.8
65.0
75.0

84.7
68.3
76.2

85.9
67.8
77.2

86.2
65.9
76.0

87.0
66.1
78.5

88.1
66.8
77.4

89.8
66.5
79.9

89.9
66.4
81.0

66.6
70.6

62.5
67.2

63.2

63.4
66.9

69.3

62.1
66.6

61.6
66. 6

63.5
69.0

65.3
67.9

65.8
68.2

66.4
68.4

65.1
69. 0

64. 4
69. 6

66.1
66. 8
76.6

63.1
63.1
67.9

61.1
64.3
67.1

55.4
64.8
66.7

52.9
64.2
67.5

51.6
64.9
68.3

49. 0
66. 5
67. 8

56.4
66.0
69.9

64.1
66.3
70.9

72.2
67.0
75.6

69.2
66.6
75.8

64.8
66.0
79.0

63.2
66.0

102.8
57.1
61.8
56.9

a

32. 2

M8.7

on pay rolls for nondurable goods industries for th e period January 1923-June 1935 are shown on p. 19 of the August 1935 issue.
! Revised series. For revisions on the followin
and Phila
chusetts,
the 1936 i _
.....
..
__.,..
,.._.,
20, August 1934; hotels revised for the period January 1929-July 1935, inclusive; see "p. 2o'of September 1035 issue.
* Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue.
• The revised series on dyeing and cleaning and laundry payrolls shown in the August 1935 issue have been dropped by the Bureau of Labor Statistics and the publication of the original series resumed in the September 1935 issue.
| Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue, appeared on p . X6 of the January 1936 issue.




31

SURVEY OF CURRENT BUSINESS

November 1936
Monthly statistics through December 1981,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1936

1936

1935

DecemFebruber January
ary

SeptemINOV
October
ber
ber

March

April

May

June

July

August

EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES—EARNINGS AND RATES
Factory, weekly earnings (25 industries):*J
All wage earners
..
..dollars —
Male:
Skilled a n d semiskilled
.__dollars...
Unskilled
dollars
Female
_
dollars..
All wage earners
1923=100
Male:
Skilled a n d semiskilled
1923=100Unskilled
- 1923=100
Female
1923=100
Factory, av. hourly earnings (25 industries) :*tc?
All ware earners
dollars
Male:
Skilled a n d semiskilled
—.dollarsUnskilled
.
.
dollars
Female
dollars..
Factory, weekly earnings, b y States:
Delaware
1923-25=100..
Illinois
1925-27 = 100
Massachusetts*!—
1925-27 = 100 .
New Jersey—
...1923 25 = 100..
New York
- 1925-27=100
Pennsylvania
1923-25 = 100..
Wisconsin
1925-27 = 100
Miscellaneous data:
Construction wage rates:*§
Common labor (E. N, i?.).dol. per hour..
Skilled labor (E. N. i2.)..dol. per hourFarm wages, without board (quarterly)
dol per month
Railways, wages (average)* dol. per hour
Road-building wages, common labor:#
United States
dol. per hourEast North Central
dol per hourEast South Central
».dol. per hour..
Middle Atlantic
. dol. per hour
Mountain States
dol. per hourNew England
*
dol. per hour
Pacific States.. _
dol. per hour
South Atlantic
dol. per hour..
West North Central
_dol. per hourWest South Central.
dol. per hourSteel industry:
U. S. Steel Corporation®..—dol. per hour...
Youngstown district...percent base scale..

25.12

22.54

23.13

23.32

23.38

23.40

23.14

23.67

24.33

24.41

24.45

24.23

24.66

28.17
20.28
15.87
94.4

24.98
18.68
15.55
84.7

25.83
19.33
15.59
86.9

26. 08
19.46
15.59
87.6

26.32
19.40
15.72
87.9

26.40
19.01
15.12
87.9

26.05
18.68
15.38
87.0

26.43
19.14
15. 24
89.0

27.18
19.60
15.15
91.4

27.32
19.67
14.98
91.7

27.31
19.74
15.00
91.9

26.88
19.56
15.14
91.1

27.48
20.04
15.93
92.7

91.4
90.9
92.1

81.1
83.8
90.2

83.8
86.8
90.4

84.6
87.3
90.4

85.4
87.1
91.2

85.7
85. 3
87.7

84.6
83.8
89.2

85.8
85.9
88.4

88.2
88.0
87.9

88.7
88.3
86.9

88.6
88.6
87.0

87.2
87.8
87.8

89.2
89.9
92 4

.619

.601

.602

.605

.604

.608

.608

.611

.613

.616

.617

.617

.616

.687
.496
. 430

. 665
.492
.435

.665
.496
.435

.667
. 501
.435

.667
.500
.433

.673
.492
.431

.674
.489
.430

.676
.493
.429

.680
.496
.430

.684
.498
.432

.685
.496
.429

.684
.498
.428

.683
.495
.429

81.0
83.1
88.1
96.4
87.0
93.4
86 3

77.3
79.2
86.8
92.7
85.7
82.9
85.9

80.1
80.9
86.1
94.2
85.2
87.1
84.8

82.5
80.0
81.8
94.«4
83.7
86.0
84.5

85.1
82.2
87.4
96.2
86.4
86.3
87.9

84.4
81.7
87.1
95.4
85.7
85.0
86.2

83.4
81.9
87.4
95.4
85.6
85.9
83.4

83.1
84.2
87.2
97.1
87.0
87.7
88.4

84.6
83.5
88.5
97.9
85.7
91.9
87.9

85.8
84.2
88.3
99.0
85.9
92.6
87.7

85.8
85.0
87.2
98.6
86.3
93.2
88.0

84.4
84.1
88.3
98.5
87.2
91.5
83 2

°82. 2
84 4
89.6
99.5
89 0
95.0
89 4

.569
1.16

.529
1.08

.529
1.10

.528
1.10

.528
1.10

.547
1.12

.547
1.12

.547
1.13

.552
1.13

.558
1.14

.564
1.14

.554
1.15

.569
1.16

32 84

30.38
.678

.667

.682

28.63
.686

.682

.695

30.87
.676

.670

.670

32.21
.663

.664

.665

.42
.58
.31
.47
.56
48
.56
.32
.50
.34

.42
.54
.30
.43
.57
.46
.57
.31
.47
.36

.42
.54
.30
.44
.57
.46
.58
.32
.47
.36

.42
.55
.30
.44
.57
.47
.59
.32
.48
.36

,41
.55
.30
.44
.56
.48
.60
.33
.48
.36

.40
.58
.30
.44
.55
.48
.60
.31
.48
.37

.38
.60
.30
.46
.54
.50
.57
.33
.49
.30

.37
.62
.30
.48
.55
.50
.59
.32
.47
.36

.38
.57
.30
.46
.55
.52
.57
.33
.46
.37

.42
.56
.30
.45
.57
.48
.55
.34
.48
.36

.42
.54
.30
.46
.56
.47
.55
.33
.49
.36

.42
.56
.30
.46
.56
50
.54
.33
.49
.36

.41
.54
.30
.47
.57
49
.51
.32
.50
.34

.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

.485
115.0

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 b y group of accepting banks, total
mills, of dol—
Own bills
mills, of dol—
Purchased bills
mills, of d o l . .
Held b y others
mills, of dol—
Com'l paper outstanding
mills, of d o l . .
Agricultural loans outstanding:
F a r m mortgages:
Federal land banks
mills, of dol—
Joint stock-land b a n k s !
mills, of dol_.
Land-bank commissioner*.mills, of dol—
Federal intermediate credit b a n k loans to
and discounts for:A
Regional agricultural credit corp's and
production credit ass'ns._mills. of dol—
All other institutions
mills, of d o L .
Other loansAgricultural marketing act revolving
fund loans to cooperatives!
mills, of d o l . .
B a n k s for cooperatives, incl. Central
Bank*
mills, of dol
Emergency crop loans*
mills, of dol—
Prod. cred. ass'ns*
mills, of d o L .
Regional ag. credit corp.*_.mills. of dol—

315

328

363

387

397

384

377

359

344

331

316

316

308

276
139
137
39
197

301
148
154
27
183

339
178
161
24
180

358
182
175
29
178

368
183
185
29
172

353
181
172
31
178

340
172
168
37
176

321
150
171
38
180

310
143
167
34
174

297
155
142
34
184

276
129
147
40
169

278
131
147
37
188

279
140
139
29
205

2,068
142
834

2,047
190
765

2,059
184
777

2,066
180
786

2,072
176
795

2,066
170
803

2,059
166
811

2,060
162
818

2,062
158
823

2,063
154
827

2,064
151
827

2,065
147
829

2,067
145
832

139
48

115
60

101
53

100
50

105
49

105
48

111
49

123
50

133
52

140
53

144
53

146
53

144
53

49

47

46

45

44

44

44

44

44

42

45

44

44

56

43
122
101
59

48
114
93
52

51
109
92
46

50
107
94
43

47
105
96
41

43
104
103
41

41
104
116
40

40
112
128
39

40
114
135
38

40
114
139
36

43
112
141
35

44
111
136
33

no

122
31
° Revised.
fRevised series. F o r revisions on t h e following subjects, refer to t h e indicated pages of t h e m o n t h l y issues: Massachusetts weekly earnings for 1931, p . 19, A u g u s t
1933; a n d for 1932-34, p . 20, September 1935. Certain classes of loans included in t h e figures shown through M a y 1934 have been reclassified and removed from t h e agricultural category.
§Constniction wane rates as of October 1, 1936—common labor, $0,583; skilled labor, $1.18.
^Beginning with M a r c h 1932 data are based on Federal-aid a n d State projects; before t h a t time the data are based on Federal-aid projects.
JJoint-stock land banks in liquidation.
*New series. For earlier data on t h e following subjects, refer to the indicated pages of t h e m o n t h l y issues as follows: Factory weekly earnings for period of J a n u a r y
1927 through August 1932, p . 20, October 1932; factory hourly earnings for January 1926-December 1931, p . 18, December 1932; weekly earnings Massachusetts for J a n u a r y
1926-December 1931, p . 18, December 1932; construction wage rates for J a n u a r y 1922-July 1933, p . 19, September 1933. Additional series on agricultural loans were first
included in t h e J u n e 1934 issue for land-bank commissioner for period July 1933-April 1934. Additional series were also included in this issue for banks for cooperatives
including central bank and production credit associations for the period October 1923-April 1934, a n d emergency crop loans and regional agricultural credit corporations for
April 1933-April 1934. D a t a for emergency crop loans for fiscel years from J u n e 1922-June 1931 and monthly periods J a n u a r y 1932-March 1933 and regional credit corporations for October 1932-March 1933 will be shown in a subsequent issue. D a t a on railway wages for period Ju l y 1921-August 1936 are shown on p . 20 of this issue.
ABreak-down of figures shown in issues u p to November 1934.
c? D a t a revised for t h e period 1924 to date. For revisions see p p . 17, 18, and 19 of t h e October 1936 issue.
<£) Basic rate for common labor.




32

SURVEY OF CUEEENT 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

1936

1935

Septem- Septem- October Novem- December
ber
ber
ber

November 1936
1936

January

February

March

April

May

June

July

August

FINANCE—Continued
BANKING—Continued
29,031
32, 577
32, 227
33, 248
36, 360
35, 424
31, 572
Bank debits total
mills of dol
34,783
37,496
33,225
37, 505
34 816
31 469
14,014
15, 733
15, 542
17,684
15, 806
19, 629
17, 925
17, 286
New York City..
mills, of dol_. 15,656
16.' 227
18,' 623
16,199
14,'363
15, 017
16, 844
16, 685
18, 676
17,499
15, 766
17,867
17, 497
16,998
18, 882
Outside New York City
mills, of dol_. 17, 592
18, 617
17,106
Brokers' loans:
Reported by N . Y. Stock Exchange
971
781
792
846
938
925
924
997
1,064
970
989
967
mills of dol..
974
1.76
1.93
1.84
1.88
2.00
1.81
1.93
2.23
1.84
1.94
1.94
Ratio to market value
percent..
1.79
1.79
By reporting member banks:
To brokers and dealers in N . Y.*
972
846
779
850
980
893
898
990
1,032
1,154
973
mills, of dol__
907
958
To brokers and dealers outside N Y.*
222
169
152
173
183
171
171
220
209
253
238
mills, of dol..
220
205
Federal Reserve banks:
9,872
10,416
10, 780
11,026
11,094
11,127
11,184
11, 0S8
11, 574
11, 266
Assets, total
_mills. of dol__ 11,862
11, 629
11, 621
Reserve bank credit outstanding
2,473
2,477
2,482
2,480
2,486
2,479
2,482
2, 473
2, 475
2,474
2,473
mills, of dol..
2,462
2.470
3
5
5
5
5
5
5
3
3
Bills bought
-mills, of dol
5
4
g
9
5
10
6
6
9
7
8
5
4
Bills discounted"
mills, of dol
2, 430
2,431
2,430
2,430
2, 430
2,430
United States securities-.mills. of dol._
2,430
2,430
2,430
2,430
2,430
2, 430
2,430
8, 659
6,838
7,285
7, 566
7,835
8,006
8,021
8,027
8,049
8,132
8, 385
8, 503
Reserves, total
mills, of dol
8, 579
8,397
7,571
7,685
6,633
7,680
7, 347
7,668
7, 717
7,053
Gold reserves§ _ _ __ mills, of dol
7,837
8,119
g' 312
8* 210
11.094
11, 862
11,127
9,872
11,026
11,184
11,088
10,416
10, 780
Liabilities total
mills of dol
11, 266
11, 574
11, 629
11 621
6, 844
6,386
6,535
6,497
5,613
6, 166
6,617
6,524
5,999
6,574
6, 585
Deposits, total
mills of dol
6*, 758
6, 800
5,860
5,784
6, 357
5,254
5,835
5,587
5,087
5,486
5, 648
5, 633
Member bank reserves
mills, of dol..
5,719
6! 005
6^410
1, 8-10
2,600
2,970
3,100
2,844
3,084
2,986
2,305
2,664
2, 866
2,717
3, 029
Excess reserves (est.)*._ .mills, of dol..
1, 950
4,049
3,474
3,532
3,647
3,709
3,633
3,732
3, 764
3,762
4, 034
3,795
3,978
Notes in circulation.
.mills, of dol_.
4. 018
79.5
75.3
76.4
77.1
77.6
78.1
78.1
78.2
78.3
78.4
79.0
79. 2
Reserve ratio
. ..
.percent..
79. 3
Federal Reserve reporting member banks:!
Deposits:
13, 578
14,017
14,090
14,258
13, 246
13,887
13,598
14, 018
14, 580
14,679
14, 850
14, 867
Demand, adjusted}:.
mills, of dol_. 15,116
5, 063
4,890
4,899
4,872
4,911
4,888
4,900
4, 909
5,047
5, 035
5, 011
5, 015
Time
mills, of dol
5, 032
13,
929
12, 390
12, 646
12,996
13,047
13,229
13, 452
12,476
12,480
14,159
13, 522
Investments
mills of do]
14,084
13' 809
U. S. Gov., total direct obligations*
9, 336
8,183
8,177
8, 301
8,468
8,655
8,690
8,643
8,802
8,909
9,510
9,456
mills, of doL.
9, 263
U. b. VTOV. guaranteed issues
1,126
1,265
1,281
1,256
1,172
1,201
1,094
1,137
1,133
1,305
1,289
1, 272
1,236
mills, of dol..
3,337
3, 113
3,166
3,042
3,052
3.169
3,156
3, 321
3,369
3,308
3,360
3* 356
3, 310
Other securities* mills, of dol
8,392
8,753
8,249
7,999
7,959
8,343
8,152
8,030
7,902
8,626
8,460
Loans, total
_
mills, of doL.
8, 294
8^454
Acceptances and commercial paper*
311
324
329
353
362
360
349
352
346
315
315
319
318
mills, of doL.
1,139
1,144
1,146
1,140
1,136
1,142
1,146
1,144
1,141
1,147
1,145
1,144
1,145
On real estate*
mills, of doL.
112
87
81
150
76
65
66
88
67
92
62
58
65
To banks
mills, of dol__
3,242
3,095
3,108
3,274
3,128
3,117
3, 313
3,304
3,006
3,486
3,319
3,173
3,177
On securities
mills, of dol__
3,949
3,380
3,340
3,401
3,401
3,304
3, 281
3, 495
3,485
3,586
3,619
3,600
3, 749
Other loans*
mills, of doL.
Interest rates:
He
H
H
H
Vi
H
H
H
H
Acceptances, bankers' prime
.percent..
Bank rates to customers:*
2.40
2.72
2.61
2.64
2.44
2.51
2.72
2.77
2.56
2.61
2.54
2.44
2.42
In New York City
.percent..
In eight other northern and eastern
3.45
3. 75
3.67
3.62
3.45
3.51
3.75
3.63
3.63
3.60
3.47
3. 81
3. 47
cities . percent
In twenty-seven southern and western
4.29
4.55
4.55
4.47
4.43
4.39
4.35
4.25
4.51
4.51
4.51
4.44
4.40
cities
percent..
1.00
.29
.75
.75
.93
1.00
1.00
.25
.75
.75
.75
.75
1.00
Call loans, renewal
percent..
%
%
94
Com'l paper, prime (4-6 mos.) percent..
H
H
U
U
U
H
H
H
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
1.50
Discount rate, N. Y. F. R. Bank__percent_.
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
Federal T and bank loans*
percent..
2.00
2.00
2.00
2.00
2.00
2.00
2. GO
2.00
2.00
2.00
2.00
2.00
2.00
Intermerliate credit bank loans...percent.1
1
1
1
1
1
1-1J4
1}4
IK
IK
Time loans, 90 days..
percent..
H
H
Savings deposits:
New York State Savings banks
5,161
5,154
5,187
5,177
5,177
5,204
5,175
5,165
5,210
5,197
5,197
5,223
5,179
mills, of dol._
u . £5. x os bai oavings.
1,250,720
1,191,677
1,201,304
1,207,971
1,213,765
1,196,427
1,198,966
1,215,811
1,215,173
1,231,646
1,214,095
1,244,232
1,249,214
Bal. to credit of depositors-thous. of dol..
211,251 203,010 155, 028 149,132
Bal. on deposit in banks__thous. of dol_. 147, 788 318,513 305, 778 293,598 286,588 243, 702 224,497 220, 578 216,124
FAILURES<?
TT

Q

T^Aofoi

Qn-niTirro*

Commercial failures:
586
787
1,056
898
910
1,077
856
946
830
832
773
639
655
Grand total
number
59
46
47
53
41
58
47
38
39
35
43
Commercial service, total
number..
34
37
43
38
58
74
54
51
36
51
32
46
36
42
36
Construction, total
_ number
174
143
169
210
180
158
161
107
137
146
143
Manufacturing, total..
.number..
131
104
Q
2
9
6
8
10
10
3
2
5
5
11
4
Chemicals and drugs
number
45
38
35
34
50
57
40
37
33
33
35
37
Foods
number..
30
14
6
16
12
11
18
13
11
12
11
11
g
Forest products
number
1
1
3
g
1
5
6
7
3
3
4
2
Fuels
« number
g
9
5
13
8
8
5
8
6
7
5
9
Iron and steel
number
4
4
2
8
10
7
8
10
9
3
7
8
8
Leather and leather products.number..
6
3
12
11
8
5
12
6
2
6
7
5
Machinery
._
number
Paper, printing, and publishing
7
12
10
13
12
12
8
17
13
17
13
7
10
number..
•New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues. New series on "Brokers' Loans" for the period January
1929-December 1935 are shown on p. 19 of the March 1936 issue. For new series on bank rates to customers see p. 19 of the March 1936 issue. For new seres on interest
rates of Federal land banks see p. 20 of the April 1935 issue. Data on excess reserves for the period Sept. 1, 1931-April 1936 are shown on p. 20 of the July 1936 issue. See
footnote below on break-down of investments and total loans. Monthly data previous to October 1934 not available. Data on acceptances and commercial paper, on real
estate, to banks and other loans represent a break-down of the "All other" loans total which was published prior to Oct. 1, 1935.
§Figures subsequent to December 1933 represent gold certificates on hand and due from Treasury, plus redemption fund.
tMethod 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.
fData on Federal Reserve Reporting Member Banks represent operations in 101 leading cities. These series, according to a statement in the Federal Reserve Bulletin
for November 1935, in the main, represent a continuation of the 101 city series published prior to the bank holiday. It is pointed out that although the banking crisis and
subsequent developments affected these series considerably, the data reflect the course of banking developments during the disturbed period. Data on 101 cities were last
shown in the May 1933 Survey for February 1933. Figures on the new basis not shown on p. 32 of the December, 1935 issue will appear in a subsequent issue.
cf Classifications have been changed and revised data prepared beginning with January 1934. These data are shown on p. 20 of the May 1936 issue.




33

SURVEY OF CURRENT BUSINESS

November 1936

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecem- January FebruOctober Novemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ary
ber

1936
March

April

June

May

July

August

FINANCE—Continued
•

FAILURES J—Continued
Commercial failures—Continued.
Grand total—Continued.
Manufacturing, total—Continued.
Stone, clay, and glass products
number. .
Textiles
number..
Transportation equipment. _ number _.
Miscellaneous
_
number. _
Wholesale trade, total
number..
Retail trade, total
number..
Liabilities:
Grand total.
thous. of dol-Commercialservice,totaLthous. of doL.
Construction, total
thous. of dol..
Manufacturing, total
thous. of dol..
Chemicals and drugs..thous. of dol..
Foods
.thous. of doLForest products
thous. of dol..
Fuels
thous of dol
Iron and steel
thous. of dol..
Leather and leather products
thous. of doL.
Machinery
thous. of dol_.
Paper, printing, and publishing
thous. of dol_Stone, clay, and glass products
thous. of dol._
Textiles
thous. of dol..
Transportation equipment
thous. of doL.
Miscellaneous
thous. of dol._
"Retail trade, total
thous. of dol..
Wholesale trade, total___thous. of dol_.

5
48
6
18
81
633

5
39
3
23
65
559

6
47
1
28
75
548

5
39
4
25
89
704

1
30
2
21
98
544

7
27
3
23
88
602

4
48
2
18
93
506

1
26
8
21
72
533

2
27
1
20
72
479

9, 819
557
1,148
3,212
148
487
377
45
190

17,002
2,602
1,185
2,840
260
1,029
71
58
65

17,185
1,187
2,792
4,984
122
1,038
1,026
77
210

14, 384
731
2,948
3,954
442
967
195
4
52

15, 686
2,969
1,971
4,358
196
645
905
831
198

18,104
1,867
2, 435
5, 834
184
1, 588
925

16, 271
650
4,484
4, 371
21
707
248
21
90

14,157
567
1, 570
4,959
108
762
169
122
154

15, 375
494
4,816
2,709
90
389
264
94
124

9,177
638
1,050
2, 541
95
509
394
78
162

9,904
1,314
1,873
2,347
51
329

95

14,089
404
1,819
3,360
12
1,164
340
99
227

62
84
586

8, 271
502
1, 49£
1.852
225
34C
209
' 35
112

208
403

275
30

175
168

143
404

71
128

403
61

49
125

51
218

140
93

108
128

244
228

128
129

33
205

258

94

466

129

186

102

246

322

1,020

374

147

112

176

94

99
/.-

67
365

5
848

8
617

268
1,171

63
715

109
763

265
1,779

4
828

146
568

808
625

4
406

7
356

373

12
253

27
216
1,511
3,391

132
201
8,539
1,836

68
195
5,904
2,318

353
487
5,371
1,380

10
316
4,777
1,611

72
360
6,245
1,723

12
254
6, 651
1,855

47
407
5,503
1,263

110
848
5,581
1,480

517
211
5,933
1,423

8
313
3, 535
1,413

83
316
3,197
1,173

101
151
3, 255
1, 164

«18, 701
« 4, 445
•818
° 3, 627

«18, 804
« 4, 431
"817
• 3, 614

«18, 922
« 4, 408
«809
a
3, 600

"19, 008
« 4, 377
»804
° 3, 572

«19,139
• 4, 349
a 796
a 3, 553

«19, 233
a 4, 313
"786
« 3, 527

«19, 354
0 4, 279
« 773
0 3, 506

«19, 435
« 4, 256
« 765
« 3, 491

«19, 539
• 4, 234
»759
« 3, 475

«19, 640
0 4, 220
"752
« 3, 468

19,775
a
4,198
0
746
0
3,452

•19, 875
0
4,188
0
739
0
3, 449

° 8 644
• 3^ 367
° 1, 960
« 2, 629
° 687

° 8, 802
• 3, 495
« 1, 978
« 2, 631
° 698

a
8, 893
« 3, 549
» 2, 026
« 2, 618
« 700

« 9 110
• 3, 781
« 1, 996
o 2 592
«740

«
»
«
«

*
«
«
«

«
«
«
«

« 9, 508
« 4, 076
« 2.043
« 2, 629
"760

« 9, 639
a
4,170
« 2, 049
« 2, 651
°770

0
»
*
«

9, 794
4, 293
2,060
2, 657
°786

« 9, 908
« 4, 352
0
2,105
0
2, 635
«816

«10,015
«4,419
0
2,130
« 2, 643
«823

a 2} 770

a

2, 761

° 2, 749

« 2, 741

<* 2, 731

» 2, 720

« 2, 713

a

2, 705

» 2, 699

2,690

« 2, 676

« 2, 667

941
20
716
204
569, 418
22, 501
190,044
356,873

1,228
26
934
267
724,413
31, 338
233, 988
459,087

1,046
25
775
246
696,074
36, 981
207, 408
451, 685

1,033
65
692
276
782, 250
74, 606
187, 874
519, 770

948
30
703
215
678,006
40,981
193,344
443,681

995
24
769
202
661,473
30, 498
212, 055
418, 920

1,149
32
890
227
772,355
56, 213
246, 010
470,132

1,113
30
868
216
739, 807
37, 214
244, 356
458, 237

1,096
47
821
229
749, 374
59,130
230, 465
459, 779

"223,811
«24,446
« 8, 527
°53,941
"136,887

«244, 678
"31,023
» 8, 546
« 49, 790
•155, 319

«249, 538
« 33,194
«8, 515
« 54, 002
°153. 827

»348,175
« 64, 250
« 10, 682
« 94, 212
«179, 031

«283. 709
« 51, 896
«10, 836
• 53,805
°167,172

"250. 063
• 25, 558
« 9, 451
« 56,245
-158,809

426
168
49
56
153

414
168
44
53
149

502
215
51
60
176

495
208
51
60
176

576
233
64
69
210
118

479
203
49
54
173

460
198
47
52
163

525
222
56
62
185

506
210
56
62
178

504
211
54
60
179

533
224
58
62
189
99

513
208
57
63
185

452
175
56
57
164

.336
. 169
.086
1.000
.052
5.04
.065
.401
.380
.079
.294
.667
.137
.260
.797

.329
.169
.083
.993
.051
4.93
.066
.402
.372
.081
.289
.676
.137
.254
.801

.327
.168
.084
.986
.051
4.91
.066
.402
.370
.081
.287
.677
.137
.253
.802

.328
.169
.084
.989
.051
4.92
.066
.402
.371
.081
.287
.678
.136
.254
.802

.329
.169
.084
.990
.051
4.93
.066
.402
.372
.081
.287
.678
.137
.254
.802

.331
.169
.084
.999
.051
4.96
.066
.404
.375
.083
.290
.682
.137
.256
.799

.333
.170
.084
1.001
,051
5.00
.067
.407
.377
.084
. 291
.687
.138
.258
.803

.331
.170
.085
.998
.051
4.97
.066
.404
. 375
.080
.289
.684
, 137
.256
.800

.330
.169
.086
.995
.051
4.94
.066
.402
.373
.079
.289
.679
.137
.255
.798

.331
.169
.086
.998
.051
4.97
.066
.403
.375
.079
.291
.676
.136
.256
.797

.334
.169
.086
.997
.051
5.02
.066
.403
.379
.079
.294
.677
.137
.259
.797

.335
.169
.085
.999
.051
5.02
.066
.403
.379
.079
.293
.681
.137
.259
.798

.335
. 169
.085
1.000
.052
5.03
.066
.402
.379
.079
.294
.679
.136
. 259
.797

Insurance written:t
952
Policies and certificates. . _ thousands
30
Group
thousands
725
Industrial __ __ .
thousands
198
Ordinary
thousands. _
Value, total.___,
_
.thous. of dol.. 630, 831
35, 601
Group
thous. of dol
Industrial
thous. of dol_. 208, 001
Ordinary
thous. of dol_. 387, 229
thous. of dol._
thous of dol
thous of dol
thous. of dol..
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..
LaDse rates
1Q25—26—100

2
18
3
13
7C
408

1
30
2
17
71
489

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
OtherA
..mills, of dol..
Policy loans and premium notes

Premium collections!-Annuities
Group
__
Industrial
Ordinary
_

6

1
20
2
10
69
328

9 191
3' 869
1, 980
2, 600
a 742

9, 211
3, 886
1, 969
2, 598
°758

9, 412
4, 018
2, 022
2, 608
«764

a

1,045
1,003
1,080
37
55
29
805
767
771
238
224
202
767,978 a749, 491 "668, 638
42,095
79, 323
39. 540
233,333 220, 672 221, 692
492, 550 "449, 496 "407, 406

«259, 941 «248, 049 «250, 655 "251, 841 «255, 954 "235,996
«30, 781 « 30, 487 «30,380 a 27, 571 0 32, 673 a 26,182
• 9, 790 «10, 679 « 9, 365 « 9, 700 M0, 047
« 9, 054
«58, 223 « 47, 959 ° 55, 009 «58, 926 « 51, 522 « 58, 685
«161,147 »158, 924 "155, 901 «155, 644 «161, 712 a 142,075

MONETARY STATISTICS
Foreign exchange rates :#
Argentina*
dol per paper peso
Belgium _
dol per belga
Brazil...
dol. per milreis..
Canada _ _
dol. per Canadian dol
Chile^
dol per peso
England.....
dol. per £..
France
dol. per franc.
Germany
do! per reichsmark
India _
dol. per rupee
Italy
dol. per lira
Japan__
dol per yen
Netherlands.._
dol. per florin..
Spain
dol. per peseta
Sweden
Uruguay

„

dol per krona
dol. per p e s o . .

t See footnote on p. 32 marked "c?."
f Revised series. For earlier data on insurance written and premium collections revised for period 1913-1936, see pp. 17, 18, and 19 of this issue. Admitted assets
also revised, revisions not shewn above will appear in a subsequent issue.
1 The nominal official gold value of the Chilean peso was changed from 3 pence gold to IH pence gold as of Jan. 2, 1935.
# Par values of foreign currencies as given on pp. 86 and 87 of the 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.
AThe 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
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SURVEY OF CURRENT BUSINESS
| 1936
1935
|
j Septem- Septem- October Novem-1 Decem- j
ber
I ber
ber
| ber
|

FINANCE

November 1936
1936

J anuary

February

March

April

May

June

July

i August

Continued

M O N E T A R Y STATISTICS—Continued
Gold and money:
Gold:
9, 246 ! 9, 545 i 9, 777 i 10,072 j 10,158 j 10,163 j 10,172
10, 202
10, 704
10,324 ; 10,514 , 10,029 ; 10,674
Monetary stocks, U. S
mills, of dol—
I
Movement, foreign:
1, 250 - 1 , 7 4 5 I - 9 , 5 0 6 j
-1,864
969
-155
573
-3,246 -21,781
L W H -11 U"
1,015
Net release from earmark.thous. of dol— 28, 805
170
42
242
338 | 23,637 I
2, 315
51
86
76
5 i
77
i.«r, i>
Exports
thous. of dol—
7,002 !
45,981 |
7, 795
28, 106 169,957 ! 277,851
It.
Imports
thous. of d o L . 171, 860 156, 805 314,424 | 210,810 190, 180
07.
N e t gold imports, including gold re43,898 j - 2 6 , 1 4 1 |
6,449
27,900 166, 706 2'2. 993
leased from earmarkA*thous. of dol— 142, 857 157,734 313,484 211,141 191,260
902, 333 931,724 909, 550 906, 496 924,081 I 894, 624 933,776 912,639 938,050 914, I'M
Production, Rand
.__fine o u n c e s . .
163,674
181,140 ! 157 Osl
Receipts at mint, domestic-fine o u n c e s . . 237,7)30 173,899 191,898 149, 144 193,107 120,712 125, 529 156,435
5,897
5, 779
5,857 ! 5,892
5,651
5, 704
5,770
5,757
5,918 !
Money in circulation, total..mills, of dol_.
6,258
Silver:
769
141
253
1,472
237 i
512
535
260
204
203
Exports
thous. of dol__
197
47,603
58, 483
8,115 :
60, 065
17, 536
4,490
45,689
48, 898
4,989 ; 23, 9 M
Imports
. . t b o u s . of d o L .
8, 303
.584
.473
|
.448
i
.654
.449
.654
.448
.654
.449
i
44S
Price at New York
dol. per fine oz_.
.448
22,781
19,501 i 20, 652
19,111
15, 854
21,259 ; 19,497
17,121
19,722 ! »2i n
Production, world •
thous, of fine oz__
1,941
1,499
1,244 i
1, 414
1,845 ;
1,031
1,300
1, 185
1,276 I 1.410
Canada
thous. of fine o z _ . | . . . ^
9,600 i
6,862 j
7,159
5, 237
6,840 ! 5, 783
7,444
3,844
Mexico
thous. of fine oz__|
6,710 i 7, 117
3,688
4,374 j
5, 056
4,008
5,329 , 5,046
3,548
3,814
United States
thous. of flneoz_.|
4,754 :
Stocks, refinery, end of m o n t h :
j
1.058 !
1,109 I 1, 873
1,757 !
1,691
1,834
53S
1,076
1,316
United States
thous. of fine oz__|
1, 151
1. 1- 1
730
755 :
1,746
1,605
658 i
691
Canada
_
thous. of fine oz._ I
1,418
638
409
570 !
NET CORPORATION PROFITS
!
(Quarterly) f
j
124.'
199.8
170.9
Industrial corporations, t o t a l . - m i l l s , of doL.j
.— •
.--. 269.2 i
75.1
73.0 :
35.5 !
:
!
Autos, parts and accessories..mills, of d o L J
.---:
123.7 !.... . .
41.6
32.0 |
31.6 i
i
1
Chemicals
mills, of d o l . .
41.4 I
19.6
16.1
18.0 :
i
Food products and beverages.mills of dol |
•—
— •
20.1 |
Machinery and machine manufactures
j
7.4
6.2 |_
mills, of doL.j
...
— ;
10.9 :
4.0
1.9 !.
3.7
Metals and mining
mills, of doL.I
...
---!
3.0 i
10.1
11.3 L
9.1
Oil___—_
. . . m i l l s , of dol
---:
15.6 i
14.6
2.7
i.
7.3
Steel
~
mills, of dol
----i 25.3
27.4
17.5 I.
21.5
Miscellaneous
..mills, of dol
I
j
29.2 j
Railways, class I (net operating income)
104.6 I
126.3 ;
i
! 175.7 I
mills, of dol
.--I
: 133.7 j ... .
53.3
54.2 i
Telephones (net op. income)...mills, of dol_.|. . . . . .
47.4 !
i.
;
• ---;
:
57.3 !....... ..
Other public utilities (net income)
|
39.3 I
_J
! 49.7 j
...j
| 50.5 |
j
j v 47. 6 \
mills, of dol i
PUBLIC FINANCE (FEDERAL)
j
29,421 | 29,462 i 29,634 j 30,557 | 30,516 | 30,520 j 31,459 | 31,425 ! 31,636 ! 33,779 j 33,444
Debt, gross, end of month
mills, of dol. J 33, 833
Expenditures, total (incl. emergency) <?
thous. of dol..i 712,560 457,776 870, 626 573, 013 694,383 487, 274 517,044 i 643,098 681, 507 590, 006 12,406,077 ;
657, 703
Receipts, t o t a l ]
thous. of dol | 528,129 586, 339 288, 867 284, 636 479, 722 279,556 250,705 I 779,521 258,759 274,415 ! 564,167 j 322,726 30(
33,087
35,342
29, 123
29, 704
32, 226
31, 226
33, 599
33,276
30, 268 I 32,122 I 31, 580 ; 34. 763
Customs
thous. of dol__
Internal revenue, total
thous. of dol.., 4fi7\ 642 378.870 192, 218 184, 096 275. 487 183, 765 185, 001 691,051 202, 780 182, 110 ; 478,229 1 2S8, 327 251.026
43, 610 404,209
35, 127
36,061
28, 213 | 21,753 j 228,999
34,517 I 303,087 I 40, 118
Income tax..._
.thous. of d o l . . | 284,421
284, 421 230,227 | 28,213
29, 056
Taxes from:*
Admissions to theaters, etc.
1,405 I
1,255 j
1,266 i
1,319
thous. of d o l - l
1,670
1,174 1 1,489!
1,867 I 1,755:
1,460
1,532
1. 56 S
1, 384
Capital stock transfers, etc.
i
3,911 I 2,992 I 2,357
4,033
thous. of d o l . .
1,932
2,925 I 2,132 j 2, 894 i 3,818 I 2,871
1,565
1. 654
2,340
Sales of produce (future delivery)
:
|
I
202 j
165
174 |1
thous. of dol..i
457
282 !
275 !
367
263 j
238 j
'M'Z
165 II
174
230 ,
185 i
283 :
511
424 |
336 I1
321 jj
Sales of radio sets, e t c . . t h o u s . of dol..!
683
339;
643 j
571 i
730 ;
601 |
424
336
321
221 j
423 I
500
490
Reconstruction Finance Corporation loans i
outstanding, end of month:f§
|
Grand total
thous. of dol—<2,205,561 ,826,467 12,807,892 |2,791,734 |2,728,682 12,741,437 j2,705,734 ^2,649,851 |«2,032,2C3, a2,507,203;2,421,604 ^2,226,026 ,2.215.105
Total section 5 as amended
thous. ofdqL.I 748,411 " 1,059,333:«1,029,430 "1,000,7031-965, 523 | "928, 583 "905,253 j «852,120 ^840,269 ; «836. 51.0 ! 818,426 : 759,201 ' 703,294
Bank and trust companies, including
'
j
I
i
receivers
thous. of d o l . . | 226,451 '425,898 \ 409,377 | 384,346 | 377,551 j 354,801 "335,672 ! "285,504 I =276,109 "267.001 j 258,287 ! 240,523 • 230,800
Building and loan associations
|
thous. of dol—j
3.378
8,909 1 8,308
7,803 | 7,274 | 6,699
6,028 1 «5, 557 j «5, 19-4 ! a4.919
4,026
3. 814
3. n-,3
Insurance companies—thous. of doL.J
4,429
17,137 j 9,967
9,344 j 6,185 | 6,060 I 5,852 I "5,747 ; «5, 207 ; 5,180
4,972
5, 115
4, 890
Mortgage loan companies
'
!
'
'
thous. of dol..s 129,108 "132,122 :«131, 478 j"130,999 ;«127, 874 i"126,652 ("125,346 "124,543 '125,124 >126, 534 j 123,175 | 124,804 .129.032
Railroads, incl. receivers
\
I
•03,027 i 388,432 j 350,841 , 350,948
thous. of dol._• 349, 2ol 412,903 j 412,805 ' 412,765 > 396,250 j 393,712 • 390,199 389, 239 394,168
All other under section 5
j
'
,
'
;
41, 643
40,660 j 42,156
40,572
39,974
39, 391
38.247
thous. of dol—I 35,784
62,365: 57,496; 55,442 | 50,389
37,311
Total Emergency Relief and ConstrucJ
'60, 567 *688, 518 628,682 564, 487 570, 670
tion Act as amended-thous. of dol— | 577,607 746,799 | 751,448 j 758,389 j 732,718 j 769,321 I 771,248 "775, 237 |' 7i
1
Self-liquidating projects
!
thous. of d o l - 184,418 168,259 | 168,265 173,138 146, 304 j 153, 667 155,321 «159, 670 163,597 172,538 168, 489 174, 249 , 180, 045
Financing of exports of agricultural
14,027
13,584
47
47
surpluses
thous. of d o l . .
47
14,300 i 14,300
14,300
14,027 j 14,027
Financing of agricultural commodij
j
j
305,
G01
305,
276
"305.510
«-M0. I
"170, 547 ! 163,732 ' 93,7
94, 355
ties and l i v e s t o c k . . - t h o u s . of dol_. 97,147 267,141 | 272,115 j 274, 250 275,760
Amounts made available for relief
and work relief
thous. of d o l . . i 295,995 297,099 296, 768 | 296, 701 296,727 296,626 296, 625 2%, 136 296,430 j 296,416 j 296,414 j 290,414 j 296,223
I
!
i
!
Total Bank Conservation Act as
;
amended
thous. of dol—j 702,151 «904,030 "906,561 1*907,049 | "897,016 *904, 685 887, 636 -877,327 "877, 0.15 SS72, 194 ' 821,704 72°, 910 j 70(1, 395
Other loans and authorizations
:
thous. of doL. 1 177,395 116,305 ! 120,451 125,592 ! 133,425 138, 848 141,598 145,240 11S,472 150,168 152,792 '. 169,308 \ 174,800
° Revised.
v Preliminary.
A. Or exports (—).
• D a t a 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.
cT Series revised to include emergency expenditures. Figures as shown in SURVEY for months prior to M a y 1932 are comparable with this series. Comparable figures
for the period M a y 1932 to March 1933 are on p . 33 of the June 1934 issue. Later data are shown in monthly issues.
1For 1934 includes $2,808,221,138 for February, $2,233,252 for March, $409,052 for April, $298,868 for M a y , $213,447 for June, $272,183 for July, $268,204 for \ u e u s t , $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 M a y , $105,773 for June, $65,219 for July, $62,055 for August, $62,936 for September, $56,256 for October, $65,780 for November, and $70,8S9 for December
For 1936 include $60,222 for January, $43,400 for February, $58,427 for March, $155,254 for April, $42,102 for M a y , $41,850 for June, $201,071 for July, $37,993 for August, and
$34,434 for September, representing- the increment resulting from reduction in weight of thp gold dollar.
*For earlier data on net gold imports see p . 20 of the December 1932 issue. For new series for internal revenue t/ix receipts from admissions to theaters, capital stock
transfers, and sales of radios, see p. 20 of the F e b . 1936 issue. For new series on sales of produce (future delivery), see p. 19 of the April 1936 issue.
§These figures exclude the following amounts, $499,650,000 relief grants to States under the Emergency Relief Act of 1933, $503,000,000 under the provisions of the Emergency Appropriation Act of 1935 approved June 19, 1934, $500,000,000 under the provisions of the Emergency Relief Act of 1935 approved Apr. 8, 1935 and other allocations
to Federal agencies.
f Revised series. All series of corporation profits revised for period 1928-35. For revise;! data see p. 15 of the August 1936 issue. T h e data of the Reconstruction Finance
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
FRASERCorporation
data for February 1932-Mareh 1936, inclusive, are shown on p. 20 of the September 1930 issue.

Digitized for


November 1936

35

SURVEY OF CURRENT BUSINESS

1936
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecem- January
in the 1932 Annual Supplement to the Survey
October November
ber
ber
ber

1936
February

March

April

May

June

July

August

FINANCE—Continued
CAPITAL FLOTATIONS
New Security Registrations Fully
Effective*
(Securities and Exchange Commission)
Estimated gross proceeds:
Total
thous. of dol— 260, 080 319,874 406,087 289,772 212,085 275, 696 212,089 583,391 751,013 319,319 523,439 362,925 286, 022
62,151
25,425
55,309
41, 286
84, 056
92, 750
27, 278
27,113
81,519 168, 638
88,913 120,487
Common stock
tbous. of dol— 76,140
16,714
31,047
35, 728
7,080
3,125
31, 464
15,131
20,873
28,793
77,317
53,973
31, 506
Preferred stock
-thous. of dol— 29, 271
Certificates of participation, etc.
6,235
83,700
1,505
4,777
11,027
13,708
7,442
35,373
13,713
1,300
32, 898
4, 660
thous. of dol— 17, 212
Debentures and short term notes
77,749
83,558
59, 843 107, 250
31,786
55, 219
19,350
41,125 130,921 113,593 106,069 165, 636
thous. of dol— 127,918
9,539 157,026 182,357 194,093
45, 634
89,930 214,916
98,679 334, 716 379,436
79,118 159, 700 170, 987
Secured bonds.
thous. of dol.
Securities Issued
(Commercial and Financial Chronicle)]
Total, all issues
thous. of dol— 408,959 437,425 368,121 382, 221 462,422 410,824 301,978 767,351 1,020,032 413,359 731,166 338, 383 295, 555
408 959 437,425 368,121 ooo 221 422,422 354,824 301,978 743,851 988 532 413, 359 731,166 338,383 295, 555
Domestic, total
thous. of dol
0
0
0
0
0
0
0
Foreign, total..
thous. of dol—
0
40,000
56,000
23, 500
31,500
0
Corporate, totalthous. of dol— 250, 050 275,854 252, 395 250, 503 167,355 273,907 194, 613 594, 853 687,751 304,993 527, 630 294,393 232,438
94,707
65,499
16,001
32, 750
54,504 150,589
37,501 101,833 236,693 133, 822 199,653
49, 050
Industrial
thous. of dol— 88,142
4,500
0
4,000
0
2,000
0
0
0
0
4,800
0
7,125
0
Investment trusts
thous* of dol—
0
475
482
973
5,250
0
1,903
1,000
600
250
250
148
0
Land, buildings, etc
thous. of dol—
0
475
482
0
0
0
0
0
0
600
250
0
0
Long-term issues
thous. of dol—
Apartments and hotels
0
0
0
0
0
0
0
0
0
0
0
0
0
thous. of doL.
0
0
0
0
0
0
0
0
0
0
0
0
0
Officeand commercial-thous. of dol—
83,343
43, 473
28, 550 135,450 260, 779 315,587 116,09(5 185, 336 149,804
Public utilities
thous. of dol- 121, 050 164,172 180,644 217,153
0
0
21,090
94,519
0 223, 391 122,197
48,727 106, 797
49, 690
51, 500
Railroads..thous. of dol— 24, 475 16, 500
0
1,770
16, 413
8,850
1,400
33,943
37, 724 120,492
0
6,168
13,273
0
Miscellaneous
thous. of dol— 11,983
Farm loan and Gov't agencies •
0
12,700
38,962
17, 254 121, 500
10,200
20,000 198, 718
9,671
94, 429
2,080
7,800
200
thous. of dol—
76,764 114,464 133, 567
88, 717
97,165 128,999 102,063
98, 694 109,107
41,910
15, 317
Municipal, States, etc
thous. of dol— 158, 909 148,871
Purpose of issue:
178,989 172, 745 148,462 119, 794 221, 207 123, 253 106, 739 129, 527 176,672 111,571 217,270 102, 769 216, 510
New capital, total
thous. of dol— 178,989
172,745 148,462 119, 794 221, 207 115, 253 106, 739 129, 527 176,672 111,571 217, 270 102, 769 216, 510
Domestic, total
thous. of dol—
73,003
33, 289
66,738
72,935
13,473
58,816 127,879
37, 608 151,874
69, S09 170, 799
Corporate
thous. of dol— 74, 590 45,087
Farm loan and Gov't agencies
0
0
15,000
0
40, 290
4,000
11,000
0
5,900
1,000
0
0
0
thous. of doL_
Municipal, States, U. S. possessions,
60,459
86, 505 114,179
50,318
89,266
59,711
48, 793
68,063
64,396
32, 959
45, 712
etc
thous. of dol— 104, 399 127,658
0
0
0
0
0
8,000
0
0
0
0
0
0
0
Foreign
_
thous. of dol—
Refunding, total
thous. of dol.. 229, 970 264, 679 219,659 262, 426 241,216 287, 571 195, 239 637,824 843,360 301,788 513, 896 235, 614 79,044
Corporate
thous. of dol— 175, 460 230, 767 179,392 217, 215 100, 617 200, 973 181,141 536, 037 559,872 267,385 375, 756 224, 583 61, 639
Type of security, all issues:
Bonds and notes, total
thous. of dol— 363, 534 433, 598 349, 500 378,471 427,960 406,635 280,815 743,659 955,533 373, 491 651, 980 305,184 264, 290
Corporate
thous. of doL. 204, 625 272,027 233,774 246,753 132,893 273,907 173, 450 594,853 623, 252 265,125 448,444 261,194 201,173
3,827
18, 621
3,750
34, 462
4,189
21,163
23, 692
64,498
39,868
79,186
33,199
31, 265
Stocks
thous. of dol— 45, 425
Bond Buyer
State and municipals:
67,548
70,228 137,145 126,454
94, 561 120,085 111,974
43, 068
96, 396 118,102
93,726
Permanent Gong term)
thous. of dol— 156, 922 115,116
16,061
30, 298 118, 586
22,800
37, 219
10, 700
91,889
22, 746
18, 201
81, 713 124,087
74,814
Temporary (short term)
thous. of dol_. 51,473
COMMODITY MARKETS
Volume of trading in futures:*
662.183 901, 531 1,074,776 626,949 569, 673 448,466 321,637 466,193 800,684 591,079 768, 278 1,328,691 1,032,278
Wheat
thous of bu
213, 787 136,306 197,332 119,961 100,377
45,297
52,161
92,053
80,460 148,124 415, 816 395, 058
53, 744
Corn
thous ofbu
SECURITY MARKETS
B o n d s
Prices:
95.79
95. 39
91.85
94.44
94.24
94.78
93.90
93.83
91.08
94.47
89.93
90.23
93.59
All listed bonds (N. Y. S. E.)
dollars99. 27
92.84
93.69
94.47
96.16
97.22
«7.26
97.38
97.63
98.19
98.81
92.65
96.69
Domestic issues
__
dollars..
79.03
80.32
79.76
67.47
67.87
68.39
68.68
79.21
76.73
77.62
78.45
68.00
80.87
Foreign issues
dollars..
-LJomestic (Uow-Jones) (4U;
96.41
86.50
81.82
79.51
83.52
99.38
96.50
97.35
92.72
94.88
96.11
94.97
percent of par 4% bond— 101.19
Industrials (10)
97.56
103. 57
104. 06
101.76
101. 09
102. 09
103. 68
89.77
92.38
101.39
88.87
102.88
percent of par 4% bond.. 105. 18
•PnVvlirt ITHII-HQO
(A (W
.rUDllC
Utilities \W)
92.83
99.13
100. 88
97.51
98.14
98.69
98.14
101. 55
92.96
98.86
92.08
92.61
97.94
XVaiis, mgn gradepercent
\iu) of par 4% bond— 128. 37 113.83
116.92
126.90
126. 98
114.32
123.69
126.34
126. 58
112. 55
127.15
126. 22
120. 77
percent of par 4% bond—
Rails, second grade (10)
80.74
51.31
56.93
59.99
66.96
73.18
74.32
70.43
72.31
74.45
77.78
55.58
70.70
percent of par 4% bond—
104.3
97.6
98.9
100.0
102.7
104.3
104.4
102.7
102.6
102.4
103.0
98.9
103.7
Domestic* (Stand. Stat.) (45)
dollars..
111.
1
107.8
108.3
108.4
108.8
109.3
110.0
110.3
110.4
110.3
110.8
107.9
110.2
U. S. Government (Stand. Stat.)*.dollars..
63.43
63.54
62.16
63.76
63.55
62.97
59.93
64.47
61.79
63.93
62.71
Foreign (N. Y. Trust) (40) ..percent of par._
0)
0)
Sales on registered exchanges (Securities
and Exchange Commission):*
Total on all exchanges:*
Market value
-thous. of dol._ 287, 863 271,503 302,178 296,212 314,083 443,264 395, 266 336, 206 251,878 208,596 283, 772 292, 443 221, 368
Par value
__.thous. of dol— 378, 520 333,012 387,152 405,138 448, 712 622,546 511,121 410,410 301,433 249, 620 332,383 350, 594 275, 306
On New York Stock Exchange:?
Market value
thous. of dol— 240, 020 217, 726 229, 642 217,954 239,442 338,695 305, 052 261, 553 197, 277 163,983 231, 088 238, 071 179, 534
Par value*.
thous. of dol_. 322, 466 262,489 291,123 304,219 352,057 492, 214 402,610 323, 695 236, 792 197, 217 271, 044 287, 510 225,927
Sales on the New York Exchange excl of
stopped salest (Dow-Jones):
Par value:
Total
thous. of dol— 1,087,961 249,795 275,727 301,977 314, 429 476,137 175,145 2,275,275 774, 052 231, 827 2,586,314 291, 650 224,923
Liberty and Treasury bonds
19,252
20,464
10,000 1,809,000 180,000
0 2,135,000
0
0
33,118
51,997
thous. of dol— 914, 000 64,422
1
Discontinued by the reporting source.
• Has included since July 1934 other than farm loan issues for which Treasury has acted as fiscal agent.
* New series. Data on new security registrations fully effective for the period September 1934-December 1935 and volume of trading in futures for the period January
1921-December 1935 are shown on p. 20 of the March 1936 issue. New series on bond sales on all registered exchanges (market and par value) and on the New York Stock
Exchange (par value) are shown on p. 20 of the April 1936 issue for the period October 1934-February 1936. Data on new series of prices of domestic bonds (45) and U. S.
Government bond prices other than those shown in the August 1936 issue will appear in a subsequent issue.
X The difference in the figures covering bond sales on the New York Stock Exchange (par value) is due to stopped sales being included in the figures of the Securities
and Exchange Commission (total) beginning April 1935.
J Data for the year 1935 revised by reporting source. See p. 35 of the April 1936 issue.




36

SURVEY OF CURRENT BUSINESS

November 1936
1936

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and refer- Septem- SeptemDecemences to the sources of the data, may be found
October November
ber
ber
ber
in the 1932 Annual Supplement to the Survey

January

February-

March

April

May

June

July

August

FINANCE—Continued
SECURITY MARKETS—Continued
Bonds—Continued
Value, issues listed on N. Y. S. E.:
Par, all issues
mills, of dol—
Domestic issues
.mills, of doL.
Foreign issues
mills, of dol—
Market value, all issues
mills, of dol—
Domestic issues
mills, of dol..
Foreign issues
Hiills. of dol—
Viol ric
x lejas:
Domestic (Standard Statistics) (60) t
percent—
Industrials (15). . .
i^ercent..
Municipals (15)f_
percent..
Public utilities (15)
- percent-.
Railroads (15).
percentDomestic, municipals (Bond Buyer) (20)
percent—
Domestic, U. S. Government:
U. S. Treasury bonds*
percentCash Dividend a n d Interest P a y m e n t s

45,211
40,178
5,033
43, 305
39, 883
3,422

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

42, 303
35,054
7,249
38,171
32, 543
5,627

42, 232
34, 987
7,245
38, 465
32, 781
5,684

42,893
35, 619
7, 274
39, 399
33, 650
5,749

43,113
35,851
7,263
40, 348
34, 475
5,873

43,015
35,934
7,082
40, 625
34,936
5,688

44,255
37,196
7, 059
41,807
36,177
5,630

44, 223
37,150
7,073
41, 525
35, 922
5,603

42, 255
37, 242
5,013
39,648
36, 266
3,382

44,164
39,128
5,036
41. 619
38, 201
3,418

43,981
38, 947
5, 034
41, 685
38, 242
3,443

44, 279
39, 241
5,038
42,236
38, 776
3,460

3.84
4.40
2.62
4.00
4.33

4.20
4.54
3.08
4.26
4.90

4.28
4.51
3.16
4.31
5.12

4.18
4.42
3.02
4.15
5.12

4.11
4.44
2.97
4.17
4.87

3.99
4.29
2.93
4.09
4.63

3.90
4.27
2.86
4.04
4.43

3.87
4.32
2.78
4.01
4.37

3.90
4.38
2.76
4.00
4.45

3.94
4.45
2.76
4.04
4.52

3.94
4.44
2.72
4.03
4.56

3.94
4.45
2.70
4.02
4.58

3.91
4.42
2.68
4.02
4.52

2.86

3.51

3.34

3.23

3.25

3.11

3.04

3.03

3.12

3.00

2.99

2.95

2.91

2.41

2.78

2.77

2.73

2.73

2.68

2.62

2.54

2.51

2.50

2.50

2.50

2.43

185, 306

157, 809

398,021

301, 403

228,328

273, 649

200,042

162,174

409,552

263, 830

236,196

331, 918

181,997
3,308

151,055
6,754

369, 279
28, 742

280, 609
20, 794

184, 035
44, 035

259,487
14,162

192,324
7,718

155, 519
6,655

375,035
34, 517

237, 655
26,175

215, 003
21,193

317, 088
14,830

1, 230. 6
918. 42

1, 243. 7
918. 42

1, 296. 5
923.92

1, 298. 7
923.92

1,311.5
923.92

1,337. 2
923.92

1,345.5
923.92

1,355.8
923.92

1, 385. 2
923.92

1, 397. 4
923. 92

1, 457. 2
923.94

1,517.4
923.94

Dividend payments (N. Y. Times)
thous. of dol— 231, 730
Industrial and miscellaneous
thous. of dol.. 226, 642
5,088
Railroad
thous. of dol—
Dividend payments and rates (Moody*s):
Dividend payments, annual payments at
current rate (600 companies)
mills, of dol— 1, 539. 6
Number of shares, adjusted
millions.. 923.99
Dividend rate per share, weighted average
1.67
(600)
..dollars3.04
Banks (21)
dollars _
1. 58
Industrial (492)
__dollars..
2.13
Insurance (21)
dollars
1.99
Public utilities (30) . .
. .dollars..
1.21
Railroads (36)..
—
dollars..
Stocks
Prices:
Dow-Jones:
167.8
Industrials (30)
dol. per share..
34.5
Public utilities (20)
dol. per share55.8
Railroads (20)
.
dol. per share .
New York Times (50)
dol. per share.. 133. 48
Industrials (25)
. dol. per share . 222. 54
44.42
Railroads (25)
dol. per share
114.1
Standard Statistics (419)t~—~ 1926=100..
130.2
Industrials (347) t
. . .4926=100 .
107. 7
Public utilities (40)t
1926=100..
55.4
Railroads (32) t
1926=100
75.1
Banks N Y (19) f
1926=100
94.1
Fire insurance (18)f
. . .1926=100.
Sales:
Market value of shares sold:
All registered exchanges, total*
thous. of doL . 1,882,203
On New York Stock Exchange*
tbous of d o l
Volume of shares sold:
~ 1,387,139
On all registered exchanges, total*
thous. of shares.- 59, 627
On New York stock exchange: *
Total (See. and Exch. Com.) t
thous. of shares. . 44, 535
Total excl. of odd lot and stopped sales
(New York Times)..thous. of shares.. 30,872
Values, and shares listed, N. Y. S. E.:
Market value all listed shares.miils. of dol— 55.105
1,348
Number of shares listed
millions..
Yields:
Preferred, Standard Statistics:
Industrials, high grade (20)
percent—
5.03
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number.. 645,457
7,540
Foreign
number
Pennsylvania Railroad Co., total..number.. 221, 327
3. 076
Foreign
— number
17 S Steel Corporation, total
number
173, 633
3,866
Foreign .
...
number .
Shares held by brokers...percent of total—
23.51

1.34
2.99
1.17
2.23
1.83
1.21

1.35
2.99
1.19
2,23
1.83
1.21

131.5
25.7
36.0
105. 78
183. 20
28. 37
85.0
97.5
81.9
37.0
56.6
93.0

130.4
26.0
33.8
108.16
189. 58
26.74
85.2
98.5
81.0
34.3
55.8
92.8

1.40
2.97
1.26
2.23
1.83
1.24

144.3
28.9
37.0
113.80
197. 63
29.97
93.3
107.4
90. 1
37.6
63.5
96.0

1.41
2.68
1.26
2.37
1.86
1.21

1.42
2.98
1.28
2.39
1.86
1.21

1.45
2.98
1.32
2.39
1.86
1.21

1.46
2.98
1.33
2.39
1.86
1.21

1.47
2.98
1.34
2.39
1.86
1.21

1.50
2.98
1.38
2.39
1.86
1.21

1.51
3.00
1.41
2.03
1.86
1.21

1.58
3.00
1.48
2.09
1.95
1.21

1.64
3.00
1.56
2.09
1.96
1.21

141.8
28.8
40.3
111.27
190.86
31.69
95.3
109.2
91.6
41.4
69.1
101.7

145.9
30.9
43.3
116. 06
197. 67
34.46
100.1
114.5
97.0
43.8
70.5
107.5

151.8
32.5
48.5
120.00
201.17
38.84
106.1
120.9
102.8
49.1
65.8
106.8

155.9
30.9
48.0
120. 95
203.97
37.94
108.7
124.6
102.8
49.2
66.4
102.1

155.8
31.7
47.2
121. 63
206.14
37.10
108.9
125.3
101.5
48.9
64.1
96.8

149.3
30.0
44.5
119.46
203.36
35.57
101.0
116.2
94.7
45.0
62.6
94.2

155.2
32.3
47.0
124. 28
211. 69
36.88
105. 6
120. 6
102.0
47.7
65.0
95.2

162.3
34.6
51.5
130. 74
221.15
40.33
109.2
124.3
105.8
50.7
72.1
96.1

165.9
34.7
54.0
131. 55
220. 56
42. 55
113.0
128.4
108.8
53.9
76.5
96.5

1,407,019 1,912,161 2,250,677 1,979,149 2,439,219 2,503.129 2,429,960 1,936,193 1,223,444 1,164,147 2,057,845 1,657,152
1,241,475 1,659,690 1,952,075 1,738,247 2,069,564 2,140,084 2,092,308 1,679,839 1,077,672 1,002,190 1,526,176 1,248,924
59,433

81,106

99,864

82, 870

119, 592

120, 963

101,923

77,916

47,110

43, 937

64, 728

50, 937

46, 531

62, 555

77,474

63,344

87, 502

85,305

75,532

56, 935

35,943

31, 897

48, 272

37,109

34, 748

46, 663

57,463

45, 590

67, 211

60, 871

51,025

39,616

20, 615

21,428

34, 787

26, 564

40,479
1,307

43, 002
1,307

44,951
1,309

46, 946
1,318

50,165
1,321

50,202
1,323

51, 668
1,330

47, 774
1,337

49,998
1,339

50,912
1,340

54, 067
1,341

54, 532
1, 344

5.19

5.19

5.12

5.11

5.10

5.05

5.02

5.04

5.06

5.04

5.03

5.02

47

47

664,095
7,816
230, 086
3,126
137,533
3,979
20.40

657,651
7,825
227, 251
3, 111
184, 680
3, 925
21.56

653,435
7,859
225,120
3,101
181,493
3,870
21.75

649,876
7 804
223,844
3,087
°177, 758
3 941
22.72

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

|

52

58

71

59

52

48

51

53

49

51
60

53

58

52

58

57

60

55

58

128
98

58

62

65

62
33
40

34

39
39

* Revised.
• New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long-term bonds (all issues except those due or callable within 8 years)
for years 1926-34; for data for years 1919-25 see p. 20 of the November 1935 issue. Series on stock sales on all registered exchanges and on the New York Stock Exchange
as compiled by the Securities and Exchange Commission for the period October 1934-February 1936 are shown on p. 20 of the April 1936 issue. For quantity exports
adjusted for seasonal variation for the period July 1914-August 1935 see p. 18 of the October 1935 issue.
t For earlier data on yield of domestic and municipal bonds see pp. 19 and 33 of the April 1933 issue. Data covering the Standard Statistics indexes of stock prices have
been revised. The revision, however, did not change the indexes materially. Revised data not shown above will appear in the 1936 Supplement.
t The difference in the figures covering the volume of stock sales on the New York Stock Exchange since April 1935 is due to stopped and odd lot sales being

included in the figures of the Securities and Exchange Commission. These are excluded in the figures reported by the New York Times.



37

SURVEY OF CURRENT BUSINESS

November 1936

1935
Monthly statistics through December 1931, 1936
ogether with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecemOctober Novemin the 1932 Annual Supplement to the Survey.
ber
ber
ber
ber

1936
January

February-

March

April

May

June

July

194, 792

192, 629

200, 666

184 908

179 828

178, 314

9ft2

10 562
35 725
11 975
64 462
6,448
7 041
2 873
27 381
32 016
31 296
17 819
6 830
19, 243
5 957
3 560
1 540

8,828
33, 570
10, 764
69, 978
8,484
5,840
2, 285
33, 223
32, 251
31, 516
18, 528
6, 348
15,159
4,124
3, 557
1, 071

ISO 601
W:A ! U . 4 S , , , u , ' i
39 310
i n <» ,
9.7
14, 509
4, 102
10, 107
4.1
3.:;
4.0
1. '2
i.4
1.3
33,
34, 107
3 00.
10 J. 215 92, 674
>;v j
22 5
] 9.1
2\0
5. i I "o. 6
"•A
27 9
29 6
>i> 0
192 *770
1!)1. 110 190. Xs7
191 ," 2SJ
IS
ib8, i: i 193, 622

176, 397
30 379
10.8
15 036
3 774
11, 262
5.0
4.1
1.3
33, 282
97, 701
6.9
5.0
29.3
194, 114
196, 516

175, 556
38,127
12.4
19, 675
5,725
13, 950
8.7
3.1
1.7
32, 287
85, 467
12.4
5.0
25.2
192, 375
200, 090

2 845
66' 901
12, 306
56, 637
4, 829
7,439
3, 274
14, 317
31, 114
30, 708
19, 299
3, 759
19, 721
3, 490
6, 739
1, 735

3, 519
62, 930
17, 384
59, 749
5,778
6, 332
3,045
15, 877
37, 600
37, 083
12, 929
3, 237
23, 361
4,488
7, 785
1,901

56,
24,
34,
42,
38,

022
529
726
660
579

61,663
28, 627
27, 630
40, 814
41, 356

8.092
720, 396
53, 553

8.075
704, 446
52, 612

August

FOREIGN TRADE—Continued
VALUE §
Exports, incl. reexports
thous. of doL.
By grand divisions and countries:
Africa
thous. of dol—
Asia and Oceania
thous. of dol—
Japan
.
thous. of doL.
Europe
thous. of doL.
France..
— -thous. of doL.
Germany
thous. of dol..
Italy
__
thous. of doL.
United Kingdom
thous. of dol.
North America, northern...thous. of dol—
Canada
thous. of dol..
North America, southern—thous. of dol..
Mexico
thous. of dol—
South America
_—thous. of dol...
Argentina
thous. of dol...
Brazil
thous, of dol—
Chile
thous. of doLBy economic classes:
Exports, domestic
thous. of dol .
Crude materials
thous. of doLRaw cotton
mills, of doL.
Foodstuffs, total
thous. of dol —
Foodstuffs, crude
thous. of dol..
Foodstuffs, mfgd
thous. of doL.
Fruits and prep
mills, of dol..
Meats and fats
-.mills, of dol—
Wheat and flour mills, of dol—
Manufactures, semithous. of dol-.
Manufactures, finished..thous. of dol —
Autos and parts
mills, of dol —
Gasoline
mills, of dol—
Machinery
mills, of dol..
Imports, total #c?
thous. of dol
Imports for consumption*...thous. of dol—
By grand divisions and countries: #S
Africa
thous. of dol—
Asia and Oceania
thous of dol —
Japan
thous. of dol—
Europe
thous. of dol—
France
thous. of dol—.
Germany
thous. of doL.!
Italy
thous. of dol—i
United Kingdom,
..thous. of dol—!
North America, northern-..thous. of dol—j
Canada
thous. of dol.. I
North America, southern, thous. of dol.
Mexico
.. thous. of dol
South America..,.
_.thous. of dol.
Argentina
thous. of dol_
Brazil
thous. of dol.
Chile .
thous. of dol
By economic classes: #<?
Crude materials
,
thous. of dol
Foodstuffs, crude.
.thous. of dol.
Foodstuffs, manufactured-thous. of dol.
Manufactures, semithous. of dol
Manufactures, finished thous. of dol

220, 149

217, 535
72, 819
38. 2
23, 349
5, 697
17, 652
10. 4
3.0
2.4
31, 860
89, 508
12.5
5.5
215^,45
218, 370

69, 437
31, 063
33, 149
40,817
43. 904

198,189 i 221,238

269,310

223, 514

197, 958

6,279
37,400
16, 996
96,926
7,316
8,891
4, 796
53,513
28, 063
27, 418
15, 700
4,916
13, 821
4,143
3,196
1, 283

8,878
34,143
16,402
115,315
10, 746
9,885
6, 529
59, 098
31, 084
30, 349
18, 090
5,817
13, 728
3, 436
3,414
1,089

9,427
9, 093
51, 058
50, 946
26,945
26, 885
144,510 110, 183
18,817
15,701
14, 363
12, 327
9, 125
7, 944
62, 481
41,823
28, 170 22, 157
27, 473
2i, 7 M ;
18, 628
17, 7?9
5, 353
6, n-25
17,517
13. 406
4,948
3. iW
4, 537
3,2/6
1,698
1,216

195, 537
68, 677
31.8
22, 399
7.074
15, 325
11. 8
2.6
1.3
29, 309
75,152
13.3
6 1
20.5
161,653
168S 689

218,138
82, 604
45. 9
23, 695
7,974
15, 721
12. 5
2.8
1.5
30, 291
81, 548
14.1
5.1
23.5
189, 240
189, 688

266, 730 220, 977
S2, 6%,
112,678
?•} 8
75 1
10. 097
26, 780
5,925
5, \\\U
ii,.v?.s
20 855
13.8
0 4
4.2
3 ?>
1.4
34,319
92, 953
21, 9
19 7
6.7 |
75
22 5
109,^86 '
162, 808

2, 424
52, 380
13, 888
52,9.15
4,796
7, 326
2, 924
14, 895
27, 334
26, 708
11,845
3, 014
21, 791
4, 970
8, 205
1,515

2,579
57, 319
16,594
65, 053
7, 505
7, 702
4, 723
15, 820
29,741
28, 573
10,183
3,227
24, 813
5, 251
9, 934
1, 344

3, 235
46, 230
14, 106
55, 009
5, 433
6, 738
4. 528
14,214
27, 258
26, 576
8,988
3, 048
22, 089
4, 498
8, 530
2,424

2, 7i9
i."., *M)
lit, 'ST5
27, 3'?0 i 24 'J72
11. l.W I 2o. 2 >\!
4.220 I
3. S.Ki
25, IL'l
23. 704
5,15 i
t, 802
9. <!H I
9. 15S
1,909
1, 421

49,844
23.653
20, 742
38, 422
36, 027

55, 398
29, 492
22, 256
38, 587
43, 955

46,045
24, 942
18. 909
36, 305
36, 606

55. 737
27,116
17,712
42. 768
36, 253

3.714

il'f'.:i3

56.
5,
8,
3.
113,

010
IKS
152
553
577

7,700
40, 290
18,753
91, 669
11,666
7,136 |
5, 420 I
37,j<63 I

181,838

9,326
38, 902
14, 680
78. 097
7. 301
7,210
5, 697
S'J. 301

30, 150
37, 500

26. \M)
16, «iy;$
5, t; *2
11,217
3, 784
3,910
1,193
195. OSS
59, 770
35. 7
11,511
6 •>
L3
)(' M l
22. 1
5. 1
25. 187,440
lbO.35i
4, 212
O'K 977

&£, 'it'"

30, ''93
18. 53 '
18, 306
4, 507
4,475
1, 076

i, 59') .

. 435 :

•SI? I

A

4. 2S0
,4:*'. |
9L'«> |
^1 !

442

11, 003
| 55, 193
4, 578
53 7 2 /
4.350; 6, o^o
5,711 | 3, 517
3,286 | 14, 676
14,513 , 30. 881
29, 127 ! 30,347
2K.7J4 I 23, 314
3. K>9
3, 771
22,
«00
20. 591
V\ 671
3, .827
3, 404
5. P03
6, 550
2, 867
1, 611

076
690
035
577
109

55,
21,
34,
38,
39,

.M47 I
. 730 i

3, 787

| j.
915 I 23.
5,
! 7
748 ! 3,
749
221
338
127
847

2, 907

no, 706

1

58,412
58, 613
26.543 j 28, 745
28,733 I 31,547
39,699
40, 060
32.964 j 30, 625

628
766
627
-100
893
Ml
299
066
35 '198
31 875
16 7.S9
5 soo
L') 328
4 W2
3 757

196,013
42, <»•::
22.9 |
15,9'25
4 '21
11 301

> :95 '

I, 4 S3

8
38
13
69
8
6
f4

62,
28;
37
37,
34.

i °-".
or;
Tn

071
759
080
456
056

54, 612
22, 893
36, 065
43, 056
36, 996

•

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
„ thous. of doL_
Operating income
thous. of dol—

8,053
142

8,029
137

7 936
'140

8,586
141

7,745
143

7,708
127

8, 245
126

8,396
123

8,579
110

8,435
123

8.101
685, 430
50, 323

8. 101
764, 558
55,442

8.101
742, 270
53, 788

8.101
799,787
58,138

8.101
797, 242
57,874

8.101
780,142
56,443

8.100
814, 298
58, 752

8.092
790, 696
57, 627

8.092
788, 307
57,426

8.092
758, 943
55, 553

Electric Street Railways
Fares, average (268 cities)
Passengers carried!
Operating revenuesf——

8,075
cents._
801, 368
thousands..
thous. of dol—

Steam Railways
82
73
67
62
63
65
Freight carloading (F. R. B.):
71
75
76
80
76
74
88
106
79
64
65
Index, unadjusted
1923-25=100..
65
68
83
56
61
62
80
89
73
58
70
Coal
1923-25=10073
71
50
44
43
39
38
37
37
42
46
Coke
1923-25=10047
50
71
90
78
69
67
66
61
66
69
77
Forest products
1923-25=100—
117
88
57
54
63
50
39
31
39
38
37
35
Grain and products
1923-25= 100..
41
46
70
67
67
66
60
60
62
65
66
66
Livestock
1923-25=10066
67
150
90
79
32
15
15
14
27
107
130
Merchandise, 1. c. 1
1923-25=100139
141
82
95
77
76
63
63
67
79
83
83
Ore
.1923-25=10084
85
72
62
64
66
70
70
71
69
70
70
Miscellaneous
1923-25= 100..
73
70
74
61
67
67
78
97
74
77
73
70
Index, adjusted
1923-25=100
74
71
85
57
60
61
73
79
68
61
70
75
Coal
..1923-25=10083
79
47
42
42
40
42
36
45
40
44
46
Coke
1923-25=100...
48
47
58
74
70
65
70
68
62
86
84
89
Forest products
1923-25=100
98
73
48
45
47
44
38
33
39
41
39
41
Grain and products
_-1923-25 =10049
52
67
65
64
64
64
62
66
63
64
66
Livestock
1923-25=100-.
67
67
93
55
56
62
62
46
58
53
71
72
Merchandise, 1. c. 1
1923-25=100-82
80
65
70
79
74
86
77
77
80
79 i
Ore
1923-25=100..
77
Miscellaneous
1923-25=100...
S Data revised for 1933. See
p. 20 of the October 1934 issue; for 1934 revisions, see p. 20 of the December 1935 issue.
# Beginning with January 1934, import data represent imports for consumption (goods entering consumption channels immediately upon arrival, plus withdrawals for
consumption from bonded warehouses) and are not comparable with earlier figures, which consist of general imports (goods entered for storage in bonded warehouses nlus
goods entering consumption channels upon arrival in the U.S.).
t 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 on electric railway passengers carried through December 1935 are based on estimates for 210 companies, and for 1936 on
estimates for 214 companies.
* New series. Data prior to April 1933 on value of imports for consumption will be shown in a subsequent issue.
§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December 1933, and January 1934
issues.
For revised data for months of 1933, see p. 20 of the September 1934 issue, and for 1934 revisions, see p. 19 of the December 1935 issue.




38

SUEVEY OF CUKKENT 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

1936

November 1936

1935

1936

Septem- Septem- October Novem- December
ber
ber
ber

January

February

March

April

May

June

July

August

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Steam Railways—Continued
Freight carloading (A. A. R.):
Total cars^J
thousands..
3, 061
Coal
_
thousands..
531
Coke
thousands..
39
Forest products._.
thousands..
139
Grain and products...
thousands..
127
Livestock
thousands..
73
Merchandise, 1. c. 1
..thousands..
C63
226
Ore
thousands..
1, 264
Miscellaneous
thousands..
Freight-car surplus, total
thousands..
12")
Box
. . . thousands..
49
23
Coal
thousands..
Financial operations (Class I Railways):
Operating revenues!
thous. of doL. 157, 207
Fraghft
thous. of doL.
Passengert
...thous. of do!..
Operating expenses!
thous. of dol_. 218.553
Net railway operating incomef
thous. of doL. 70, 1GG
Operating results (Class I Railways):
Freight carried 1 mile.....mills, of tons..
Receipts per ton-mile
cents..
Passengers carried 1 mile
.millions..
Waterway Traffic
Canals:
Cape Cod
thous. of short tons..
New York State
thous. of short tons..
Panama, totalf
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 tons..
Ohio (Pittsburgh to Wheeling)
thous. of short tons..
Ocean trafflcrf
Clearances, vessels in foreign trade
thous of net tons..
Foreign
thous. of net tons..
United States
....thous. of net 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_

258
2, 526
1,0.51
1, 130
11, Oil

' 2, 628
°445
°25
124

133
59

2,832
544
30
126
148
87
667
130
1,150
208
125
48

306, 9-10
249.920
30, 820
21b, 071

j 341.018
i 284,614
! 28. 608
| 232,516

, 009
301,331 296.225 i
I 2^0
24«, 146 ! 234 053 ! 2}!, 1*50
27,848 ! 34.374 \ 34, 102
218,583 225 826 I 2c 1,779

57,3-19 ! 75,425

54,234 | 46,040 I 3" 7*»5

162

o 635
* 140

» 1, 028

27, 715
.983
1, 660

3,179
625
36
137
157
84
788
67
1, 284
252
143
65

5,319
522
33
104
109
51
586
21
892
371

1

31,200 | 27,468 | 26,175
.999 |
.988 I .987
1,475 i
1,436 1,787

270
800
229
983 !
992 !
454

202
574
1, 904
907
9S3
7,148
1, 956
1,180

2,353
587
37
104
121
52
566
23
8P4
231
138
47

3.135
900
54
134
.151
53
730
28
1, 078
171
104

!, 419

423
27
122
136
48
022
24
,017
205
104

j
|
|
i

01.

224 j

225 I
150 j

238
0
2,188
852
44
440
2, 029
187

226 j

267

191
98
1, 604

1,270

j

' W ) , 1.ri>
. 245, 1 i
' 11.'^P
' 2{->,W
33, :<)" , 'I'.,.-, ! 1!, 5 1

27, 8'5? ' 29. 15 { | 27, o n 2
9f ) !
.931 '
'M
; l,'». J

208
655
2, 050
843
865
4.087
2.955
1,313

|

I
2, 545
352
445
557
28
41
121
162
123
155
50
61
647
785
35 |
1
187
1, Oi'6 j 1,3
394
179 i
1185
105
42
41

0i

2, 140 i

775 I

0 I

2.04JJJ

2^ I T

2, 787
426
33
139
140
47
649
202
1, 151
170
90
41

2,826
434
35
131
212
52
628
209
1,125
147

320

3)0 f'2

°i° 7 U

r.o •)•*->

.NO 2A

2.J,<

ol.usl

3,701
605
43
181
217
77
828
274
1, 476
146
81
30

12

11,812

50 313

61.771

_"<;>! !

2S7'H0

32,076
l i )_.
2,JA

«7") !
I 023
1.C78 ! 1,911

258

200
0
2, 034
981
0
0
2,149
0

2, 430
1,023
187
37
2, 091
95

270
568
2, 420
940
1.300
8,710
2, 215
1,618

228
616
2, 460
989
1. 207
9, 835
1,981
1,444

2, 450
976
997
10,951
2, 150
1 3'^°

43

56

226

365

367

405

102
547

140
1, 327

188
1, 928

200
2,361

155
2,457

143
2,564

138
2 623

520

863

1,246

1,319

1, 399

1, 461

4, 639
3, 225
1, 414

4,872
3, 329
1,542

6,057
3, 901
2,155

6,134
4,121
2,013

6,564
4,418
2,146

6, 886
4, 694
2> 192

293
958
330
122

535, 736
4, 860
70, 926
31,730

483, 505
4,885
71.449
30, 326

483, 798
5,511
96. 368
40, 097

701,142
5, 620
97, 453
40, 252

613,837
6,043
111,072
44, 364

81
0
2, 155
813

SI
1,864 I
0 iI

232
605
396
l! 058
1. 060
10, 699
1, 366

378
127

200

2,569

143
1, 239

,414

149
1,707

1, 425

782

880

956

834

635

6, 668
4, 606
2, 061

5, 786
3, 831
1,955

5, 580
3,670
1, 910

5.162
3,331
1,831

4,351
2, 948
1, 403

3, 521
3,184
1,337

930
756
239
520

417,223
5,360
77, 370
32,024

488, 019
5, 288
70, 924
28, 788

361,839
4,301
50. 534
20, 837

400, 061
4.429
53. 507
23, 046

354, 301
4,245
44, 061
18, 983

3.09
66

2.94
60

2.99
64

3.12
61

2.95
56

2.94

3.01

2.89
65

3.00
68

2.85
64

2.97
64

2.98
61

6,564

50, 177
39, 007
4,430
3,679
4,814

27, 479
24, 159
3,382
4,288
4,174

14,202
19, 678
3,708
2, 856
4,202

13, 648
12. 781
2,984
2,797
4,121

16, 674
17, 130
2,980
2,540
5,098

20, 991
21,189
1, 926
2, 252
4, 918

30, 678
26, 081
2, 108
2,591
8,071

24, 808
24, 149
2, 134
3,016
15, 509

20, 010
21,686
2,643
3,067
27, 725

21, 038
22, 732
2, 527
3,008
31, 305

30,346
36, 361
2,780
3,571
16, 980

268, 398
72, 731

77, 723
18,141

41,210
7,828

36,112
7,020

69, 648
12,967

68,894
10,899

98, 791
13, 328

98, 856
17, 814

163, 493
41,684

373, 432
121, 056

672, 064
185, 337

588,314
155, 910

1,364
4,251

1,278
4,143

1,246
3,864

1,409
4,094

1,533
5,035

1, 359
4, 326

1,312
4, 479

1,353
4,438

1,295
4,163

1,430
4,705

1,516
5,019

1, 565
5, 211

86.111
56, 055
22,314
60, 685
17, 367

86, 783
57,167
21, 895
59,498
17, 291

85,
56,
21,
57,
17,

364
329
271
649
746

88,909
57, 594
23, 459
59, 582
19,165

23, 298
59, 543
18,818

89, 209
57,864
23, 486
59, 614
19,182

89,680
57, 673
24,116
59, 778
19, 268

91,129
57, 681
25,406
62,136
18, 298

89.
56
24
59
18

14. 770

14, 839

14, 921

15, 004

15, 088

15,111

15, 549

15, 622

8, 973
6,851
7,793
760

10, 046
7, 757
8,288
1,326

9,996
7,742
8, 156
1,407

9,907
7,787
8,302
1,292

10,551
8,244
8,513
1, 603

10, 534
10,121
8,258
8,718 ~~~8 616
1 088
1, 399

652,
5,
102,
43,

112

56 I
4, 30o
3,049
1, 256

353,
3.
41,
18,

404
a

565.
6,
106,
43,

358
046
143
109

3.10
61
61.
57,
3,
3
8,

230
067
004
891
198

COMMUNICATIONS
Telephones:*
,
thous. of dol.
Operating revenues
,
thous. of dol_
Station revenues
,
thous. of dol.
Tolls, message
thous. of dol.
Operating expenses
thous. of dol.
Net operating income..
Telephones in service, < >nd of mo.
thousands.
Telegraphs and cables:
Operating revenues
thous. of dol.
Commercial telegraph tolls.thous of dol.
thous. of dol.
Operating expenses
thous. of dol.
Operating income

82, 653
53, 923
21, 402
57, 394
16,966

86,
56,
22,
59,
18,

328
245
630
321
529

85, 330
56, 732
21,213
59, 741
17, 386

14,446

14, 512

14, 568

14, 621

9,375
7,198
7,682
1,306

9,830
7,545
7,989
1,452

9, 096
6,882
7. 708
1,002

10. 245
7,951
8,475
1,377

9,223
7,120
8, 050
744

571
727
692
960
853

• Revised. # Includes tonnage in both upper and lower Mississippi River. Revised figures prior to December 1934 will be shown in subsequent issue.
t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For
revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue. 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 air lines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-miles
flown from 1930 to 1933, see p. 20 of the February 1934 issue. For data on miles flown and express carried from 1926 through 1933, see p. 19 of the January 1935 issue New
series on telephones as compiled by Federal Communications Commission. Data supersede those published in previous issues of the Survey which covered all carriers

$83,428,884; station "revenues. $54,234,380; message tolls, $21,796,457: operating expenses, $60,535,010: net operating income, $14,771,409; stations in service, 14,770,549; for
August 1935: Total operating revenues, 883,738,403; station revenues, $53,958,287; message tolls, $22,467,697; operating expenses, $59,090,556; net operating income, $16,431,131; stations in service, 14,790,676.
 • This figure covers room revenue only.
K Data for August, November 1935 and February, May and August 1936 are for 5 weeks; other months, 4 weeks.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

November 1936

39

SURVEY OF CURRENT BUSINESS

1936
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecem- January
October NovemIn the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1936
February

March

April

May

June

July

August

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
10, 064
5,942
6,949
17, 947
10,816
7, 950
5. 645
7,302
6, 117
6,143
5,954
6, 864
thous. of wine gaL.
10, 211
6, 927
17,160
7.736
6,006
6, 101
10, 297
6,207
5,939
5, 693
7, 635
7, 409
Production
thous. of wine gal..
3,148
2, 635
2,351
1,632
2, 666
1,739
1,718
1,836
2,607
1,836
1,767
2,707
Stocks, end of month.thous. of wine gal_.
Ethyl:
19, 607
23, 988
14,668
19, 729
17,190
14, 620 17, 744 17,998
13,179
Production
thous. of proof gal_.
12, 747 14, 303 12,818
Stocks, warehoused, end of month
25, 501
16,954
21,311
16, 688
18, 461
22, 429 22,146
21, 300 25, 047 27, 475
19, 386 20,315
thous. of proof gal_.
Withdrawn for denaturing
17, 660
29,193
13,109
12, 605 10, 591 12, 458
17, 509
12, 921
9,860
9, 512 10,295
thous. of proof gal_.
10, 433
1,911
2, 445
2,441
1,989
2,223
2,529
1,903
1,649
1, 840
2,119
Tax paid*
thous. of proof gaL.
2,054
2, 780
Methanol:
51, 490 102, 296
40,897
39,230
41,915
63,733 105, S95
48,400
40, 843
19, 496
Exports, refined
gallons..
73, 349
18, 090
Price, refined, wholesale, N. Y.
.38
.38
.38
.38
.38
.38
.38
.38
.38
dol. per gaL.
.38
.38
Production:
405.034 I 454,233 478,474 478,331 494, 081 494,144 476, 406 426, 313 427, 079 413, 930 374, 110 447, 499
Crude *t A
gallons..
1,539,554 12,508,978 2,373,475 1,654,794 1,418,863 i ,540,171 1,631,832 1,692,921 1,751,998 1,863,405 1,950,825 2,309,377
Synthetic
gallons..
Explosives:
29, 498
26, 876
27, 483 30,394
28, 492 28, 825
31, 471 30, 484
Shipments!
thous. of lb_.
27,940
25, 509
25, 514
Sulphur and sulphuric acid:
Sulphur, production (quarterly)*
384,671
long tons..
352, 690
374,276
3S9, 608
Sulphuric acid (104 plants):
Consumed in production of
fertilizer
short tons., 120,370 101,708 131,441 125,496 132, 508 125, 730 117,864 106, 785 81, 921 82, 396 95,. 108 99, 325 114,521
Price, wholesale, 66°, at works
15.50
15. 50
15.50
15. 50
15.50
15. 50
15.50
15. 50
15. 50
15. 50
15.50
15. 50
15. 50
dol. per short ton.
Production
„
short tons.. 135,717 130, 260 149, 729 153, 792 172,823 156.878 152. 860 141,339 119, 565 126, 419 122, 681 121,166 141, 501
Purchases:
35, 742
33, 396
35,134
30,185
10, 721 13, 518 15, 437 29,712 30, 065
24,932
13, 352 15,722
From fertilizer mfrs
short tons.. 32,304
12,111
17, 540
12, 273 16, 725 26, 922 21,111
18,946
23, 383
22, 402
"From others
.
short tons.. 22,918
15,988
22, 193 15,111
Shipments:
30, 888
28, 031
29, 525
38, 363
22, 100 31,221
35, 007 20, 921 22, 307 13, 258 20, 870 18,129
To fertilizer mfrs
short tons.. 24,103
46, 717
50,802
45,478
53, 492 49, 744 53, 351 45, 962
54,306
55,451
51,116
37,170
47,163
To others...
-__.short tons.. 51,118
FERTILIZER
Consumption, Southern States^
95
151
124
545
1,402
145
1,023
44
249
341
84
61
thous. of short tons..
Exports, total!-..
long tons.. 150, 753 208, 797 161, 955 153,467 137, 754 164,458 149.917 178, 789 117, 628 144,811 101, 923 151,082 126, 899
28, 507
34,219
36, 216
13, 311
36, 326 31, 552 17,515
17,723
19. 767
34,025
7,400
9, 131
Nitrogenous!
long tons.. 14,470 172,
425 115, 797 104, 520 114, 438 112,802 105, 420 133,762
91,481 116,448
121, 554
89, 691 123, 950 105, 539
Phosphate materials!
.Jong tons
2, 181
1, 306
186
276
62
301
799
1, 233
139
85
513
158
298
Prepared fertilizers
long tons..
51,317
71,956
155,
686
218,
892
143.580
189,
085
72,
382
149
473
173,708
140,334
75, 888 64, 619 64,514
Imports, totalt#
long tons..
32, 794
3l», 951
50, 970
75, 301 89. 538 165, 555 134, 406 149, 968 107,828
58, 866 35, 320 36. 250
Nitrogenous!-.long tons.. 32, 651
9,961
10, 641
22. 256
92, 739 62,115 100, 982 69,733
38, 528 32,642
6,773
1,383
36,216
5, G40
Nitrate of soda!
long tons..
1,206
4, 104
4,166
6,332
8,075
3,368
4,299
4,252
1,779
2,494
7,348
4,619
4,480
Phosphates!
long tons..
12,074
70,
791
43,
885
21,
704
56,899
28,
553
31,
749
24,
844
53,
097
8,677
6,065
19,427
32,
310
Potasht
lone tons..
Price, nitrate of soda, 95 percent, N. Y.
1.275
1.275
1.275
1.275
1.285
1.275
1.325
1.325
1.325
1.325
1.325
1.325
1.325
dol. per cwt__
Superphosphate, bulk:
226,317
281,
892
288,
307
320,
800
298,073
259,
374
203,
945
257,
728
216,558
297,090
243,162
225,485
256, 792
Production
.short tons..
82, 059
87, 313
29,178
28, 438 33,163
54, 687 238,498 219, 340 119,612 45,817
9, 510 21, 113
Shipments to consumers
short tons.. 127,378
Stocks, end of month
..short tons.. 874,588 1,013,399 1,102,407 1,199,542 ,217,767 1,190,315 1,137,700 953, 739 742,105 702, 335 721, 243 770, 790 845, 381
Pine oil:
NAVAL STOKES
Production
gallons.. 404, 392 335, 318 323,125 336,178 303, 625 343,038 3^4,433 346, 676 374, 585 368, 304 371, 036 365, 784 415,922
Rosin, gum:
5.18
5.50
4.68
4.91
5.61
4.45
4.51
4.50
5.83
5.12
7.23
6.91
Price, wholesale "P>", N. Y...dol. per bbl._
88,784
93,917
75, 552 41, 226
23,348
95, 860
32, 002 58, 894 82. 736 97, 781 108, 648 101, 939
Receipts, net 3 ports
bbl. (500 lb.)._ 95,693
Stocks, 3 ports, end of month _bbl. (500 lb).. 194,883 310, 697 306, 658 334,226 315,021 271, 749 222, 638 156, 291 144, 782 144,258 156, 592 173,946 188, 065
Ro^in. wood:
47, 388
43,894
43, 719
52,156
52, 693 51,326
54, 209 53, 640 52, 418 55,151
47, 214
58, 572
Production
bbl. (5001b.).. 57,789
86, 485
72, 901 80, 278
76, 311
83,021
72,861
83, 346 87, 257 93,152 92, 945 79,128 76, 110
Stocks, end of month
bbl. (5001b.)._ 77,767
Turpentine, gum:
.45
.48
.47
.48
.47
.42
.40
.49
.42
.42
.40
.43
Price, wholesale, N. Y__
dol. per gal__
13,350
1,442
20,101
15,157 23,470
18, 798
20, 646
21,894
Receipts, net, 3 ports
bbl. (50 gal.)4,800
27, 418 29, 810 26, 173
Stocks, 3 ports, end of month.bbl. (50 gal.).. 114,127 131,273 134, 539 142, 625 145,216 135,959 125,285 114, 789 99,320 99, 562 105,141 108, 550 113, 983
Turpentine, wood:
7, 550
9,042
6,910
7,355
8,740
7,474
8,580
8,662
8,636
8,523
8,578
8,093
8,785
Production
...bbl. (50gal.)...
2,937
5,531
11,582
3,023
8,553
9,275
4,001
10, 733 10, 610
7,669
7,492
8,019
Stocks, end of month..
bbl. (50 gal.).. 10,228
OILS, FATS, AND BYPRODUCTS
Animal fats and byproducts and fish oils
(quarterly):
Animal fats:!
210, 541
176,605
208, 694
Consumption, factory
thous. of lb__ 245,453 203, 048
319,916
384,461
396, 857
Production
thous. of lb.. 375,493 275, 430
364,010
391,123
384,249
Stock, end of quarter
thous. of lb._ 358,645 361,160
Gelatin, edible:
2,853
5,323
5,597
5,656
3,701
Production
thous. of lb__
6,841
8,590
8,853
7,317
Stocks, end of quarter
thous. of lb..
7,987
Greases:!
45, 324
52,121
46,813
46, 611
Consumption, factory
thous. of lb._ 53, 265
64, 399
68, 942
71, 680
Production
thous. of lb.. 82,139
75, 208
66,856
63,
645
68,
243
Stocks, end of quarter
thous. of lb._ 64,321
69,354
Lard compounds and substitutes: t
469, 674
333,200
349, 861
Production
thous. of lb. 438,606 457, 595
39,890
32, 575
36,797
39,156
40, 619
Stocks, end of quarter
thous oflb
* New series. For earlier data see p. 20 of the April 1935 issue (alcohol withdrawn tax paid), p. 20 of the April 1933 issue (production of crude methanol). Latter series
for production revised for 1934 and 1935. Revisions not shown above will bo published in a subsequent issue.
! Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer; for 1933 revisions on exports see p. 29 of the September 1934 issue;
for 1934 revisions see p. 19 of the December 1935 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 the November 1935 issue. For revised series on explosives for period January
1920-October 1033 see p. 19 of the January 1934 issue.
A The refined equivalent of crude production is approximately 82 percent.
• Texas only. Louisiana produced 23 percent of the United States production in 1933, 16 percent in 1934, and 23 percent in 1935.
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; for 1934 revisions see p. 20 of the December 1935 issue.




40

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecem- January FebruOctober Novemin the 1932 Annual Supplement to the Survey
ber
ber
ary
ber
ber

November 1936
1936

March

April

May

June

July

August

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS—Con.
Animal fats and byproducts and fish oilsContinued.
Fish oils (quarterly):!
Consumption, factory.....,_thous. of lb._ 77, 074
Production
thous. of lb_. 82 201
Stocks, end of quarter
thous. oflb.. 155, 492
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly) f
thous. of lb_. 718, 747
Exports
thous of lb._
302
Importsf#
__—thous. oflb._ 62, 421)
Production (quarterly)t
thous. of lb__ 484, 505
Stocks, end of quarter:!
Crude
.thous. of l b ~ 551,613
Refined
__ thous. of lb._ 9§8 572
Copra and coconut oils:
Copra:
Consumption, factory (quarterly)
short tons.. 49,164
Imports*
_—
short tons.. 24,933
Stocks ond of quarter
short tons.. 14 W-5
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)t
thous. of lb._ 169, 416
Refined, total (quarterly) t
thous. oflb.. 93, 648
In oleomargarine
thous. oflb.. 13,964
Imports^
—thous. of lb._ 15, 689
Production (quarterly):
Ond6
thous oflb
63, 004
Refined
thous, of lb__ 95, 678
Stocks, end of quarter:!
Crude
thous. of lb.,. 77,121
Refined
thous, oflb.. 14, 241
Cottonseed and products:
Cottonseed:!
Consumption (crush)
..short tons.. 592, 820
Receipts at mills
short tons _ l,2o3,8(J0
Stock at mills, end" of month
short tons.. 838,379
Cottonseed cake and meal:
Exports!
short tons..
549
Production
.- short tons
Stocks at mills, end of month
264,173
short tons_.
Cottonseed oil, crude:!
125,014
Production
..._thous. oflb..
Stocks, end of month
thous. of lb.. 176, 256
Cottonseed oil, refined:
92, 667
Consumption, factory (quarterly)!
thous oflb_.
216
In oleomargarine
thous. of lb_. 332,
9, 081
Price, summer yellow, prime. N. Y.
dol. per l b . .
Production! _ _.
thous. oflb . 92,.102
306
Stocks, end of month
.thous. of lb_. 228,
764
Flaxseed and products:
Flaxseed:
Imports, United States#_ thous. of bu_.
1,813
Minneapolis and Duluth:
Receipts
thous. of bu
Shipments
thous. of bu_.
Stocks, end of month__thous. of bu_.
Oil mills:!
Consumption, quarterly
thous of bu
4,817
Stocks, end of quarter., thous. of bu_.
2,083
Price No. 1, Minneapolis.dol. per bu_.
2.14
Production, crop estimate
thou^. of bu
2,276
Stocks, Argentina, end of month
thous. of bu_.
5, 512
Linseed cake and meal:
Exports .
.
thous. of lb
32,
581
Shipments from Minneapolis
thous. oflb_.
3,205
Linseed oil:
Consumption, factory (quarterly)t
thous. of lb_. 79, 705
.101
Price, wholesale, N. Y
dol. per lb..
Production (quarterly) t—thous. oflb.. 91.098
3,538
Shipments from Minn
thous. oflb..
Stocks at factory, end of quarter
thous. of lb_. 98,411
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb._ 34,426
Price, standard, uncolored, Chicago
dol. per lb_.
.138
Production
thous. of l b . . 33,711
Vegetable shortenings:*^
Price, tierces, Chicago
dol. per lb._
.125
0

03,346
67,249 |
187,916

609, 071
383
92,174
456, 913

65,874
45,364
205,121

67. 328
_l 117.078
212,667

338
79, 966

237
87,810

536, 998
355,800

1,004,980
329
114,354
950.784

854,835
648
82, 003
707,370

181
77,068

526
94,611

478
107, 837

557
87, 928

743,420
593,446

632, 757
477.563

48, 424
19, 535 " 2 7 , l 3 3 ~ "3276l9~
29, 565

67, 334
12 006
147, 700

66, 737
22, 873 " 13," 297 " 2 4 , 5 1 1 '
40. 039

688 802
245
75, 455
400, 555

490
84, 853

405
77, 886

628,160
492, 852

56,394
14, 976 "iff, 971" ~~n~908~
31.902

56, 449
11, 636 "I7,"416" " 14," 789
16, 896

|
130,395
101,105
16, 771
25, 965

105.952
15,275 1 15,024
21,935
45, 122

16, 372
31, 055

61, 569
fll, 345

i

109, 836
23, 500
a

137.153

135,073

1
17, 046
23, 507

27,108
37,972

99,594
13, 289
22, 532

140, 350
12,334
40, 338

9,979
32, 569

84 Q04
9, 73:1
14, 820

93.006

69 894
87,262

72 049
83, 629

127. 904
23, 992

129,419
17,973

129, 894
16, 074

9, 554
33, 835

11,749
14,273

518,673
481,299

456,656
244,044

350, 614
85,646

252, 065
80,564

133,666
31,670

70, 992
23,982

42, 253
25,831

32, 253
15, 094

102, 451
252,834

849, 430
886. 804
1.382
2.418
1,403
336,139 ! 287.
362 ' 231.337

636, 818

371,850

200, 349

98, 353

51,343

34, 921

17, 762

168,145

1. 420
11
191,239

189
207, 346

2, 567
163,342

781
114,649

74
63, 599

38
36, 009

38
19, 954

115
18,551

506
46, 774

«194,210

253,294

312,279

355, 432

358, 752

322, 211

285, 958

202, 429

166, 272

118,886

68, 905

45, 561

"130,089
a
73,918

225, 168
110,557

193,025
119,314

154,286
131, 843

135. 623
128,018

107,792
126,446

81,055
113,413

43,137
85, 206

24, 743
62, 602

14, 408
36,147

10, 344
18, 707

29, 787
26, 547

a

437,260 741,295
757, 745 1,096,758

"468,596

634.326
693,101

828, 029

360, 560
6,714

6,610

8,549

361, 863
9,120

8,626

10, 700

241,169
8,178

8,347

7,361

263, 502
6,649

7,612

7,608

.102
a
74,312
^286,331

.104
161, 333
289,326

.103
176.261
343, 550

.107
139,381
401, 284

.101
126, 945
453, 990

.097
114,079
489, 195

.094
84,935
504,033

.094
65,190
487, 536

.088
41,006
460, 727

.091
41,025
408, 965

.098
29,476
319,015

.101
22, 725
237, 220

1,322

930

1,254

1,690

886

1,414

1,496

1,037

1,244

747

117

671

4,009
389
2,040

3,148
1, 299
3,326

952
1, 266
2,597

415
298
2,153

229
142
1,928

99
119
1,640

224
131
1, 246

172
95
791

270
160
535

542
181
348

255
291
285

1,539
665
668

5.998
3,005
1.68

1.79

1.80

8,264
4.270
1.83

1.87

1.84

7,094
2,434
1.76

1.72

1.69

5,168
2 222
1.77

2.06

2.15

/14,123
4,331

3,543

2,559

1, 969

3,150

4,331

5,315

6,299

6,693

5,906

6,299

5,906

35,356

37,430

40,983

59, 293

39, 399

36, 225

42, 379

33,233

27,117

25, 794

20, 469

24,140

21, 527

22, 647

19,509

22,245

21, 782

15,244

21, 748

23, 715

15,649

15,104

12,891

11,365

.101

.100

75,404
73, 812
.101
.089
.097
.097
116,667
156,569
10, 235 ~"l3~320* ~~~6~854~
4,069

~~~87605~ ~~~7,~85§"

146,532

106,332

65,574
84 129
.094
.098
.095
.100
.095
.103
100,119
132,137
10, 200 ~"9~372~ ~~13~808" 12, 932 ""7," 273" "~5,~106
140, 666

187,466

32,440

32,430

35, 501

32,831

37,388

37,851

32,368

32, 464

26,941

22, 549

26,796

31,805

.130
31, 855

.142
32, 261

.145
33,962

.145
33, 506

.145
36, 558

.145
38, 835

.145
33,794

.143
32,302

.130
25, 580

.125
25, 834

.125
27, 695

.134
30,351

.130

.128

.128

.125

.122

.118

.117

.117

.109

.107

.117

.124

Revised.
« October 1 estimate.
/ December 1 estimate.
•For earlier data on vegetable shortening price, see p. 18 of the January 1934 issue.
!Revised series: Monthly data on cottonseed and cottonseed products for the year ended July 1932 were shown 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 the November 1935 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: for 1934 revisions, see p. 19 of the December 1935 issue. For revised data on imports of vegetable oils for 1932, see p. 17 of the J u n e 1933 issue; for 1933, p . 20. of the
October 1934 issue; and for 1934, p . 20, of the December 1935 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 t h e November 1935 issue.
 #Sce footnote on p. 37 of the October 1934 issue. Data revised for 1933; see p , 20 of the October 1934 issue; for 1934 revisions, see p . 20 of the December 1935 issue.
• T h i s series prior to September 1935 was listed as " L a r d C o m p o u n d . "
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

41

SURVEY OF CURRENT BUSINESS

November 1936
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

1936

1935

1936
Septeni' September
ber

O cp tt 0o D
b pe rr
U

Novem- December
ber

January

February

March

April

May

June

July

August

36, 209
25, 199
11,021
14,178
11,010

40,950
28, 026
10, 746
17, 280
12,924

38 736
587
795
15, 792
12, 149

33,919
23. 393
10, 287
13,106
10, 526

33, 380
22, 338
9,095
13, 243
11,041

293, 758 348, 953
44 fi?,0 47, 407
134, 803 147,160

361,356
51, 758
175, 088

306, 656
54 817
158, 285

261. 462
49,389
139,565

297, 878
50, 267
133,825

CHEMICALS AND ALLIED PRODUCTS—Continued
PAINTS
Paints, varnish, lacquer, and filler products:!
33, 450
Total sales
thous. of dol
Classified
thous. of dol_. 22, 338
9, 564
Industrial
thous of dol
Trade
thous. of doL. 12, 774
Unclassified (235 estab.)§_.thous. of doL. 11,112
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines, _
dollars.. 292, 071
Plastic paints
dollars
47, 268
dollars.. 149, 333
Cold-water paints

28, 536
19, 039
7, 985
11,054
9,497

39, 853
132
9! 519
12, 613
10, 721

25,427
17, 856
8, 986
8,870
7,751

90 039
14, 271
7, 561
6.710
5, 768

9.3 804
16. 355
8 1SR
8, 167
7, 448

9,0 181
14, 363
7 16?
7, 201
5, 818

274, 829
27,463
102, 379

264, 306
34 414
105, 306

212,871
31, 760
77, 784

205, 543
21,468
72, 918

280, 896
292
89, 730

199, 183
27, 734
76, 971

29,912
20, 728
9 9*9
15, 446
9, 185

Tn

CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:*
Sheets, rods, and tubes:
Production
Shipments
Cellulose-acetate:*
Sheets, rods, and tubes:
Production
Shipments.

thous of lb
thous. of lb

1 787
1 53?

1,551
1,435

1 660
1 598

1,298
1,420

1, 409
1 398

1, 230
1, 9fi?

thous. of lb
-thous. of lb_.

1 204
1,027

882
884

1 ?99
1

1, 265
1,114

859

23,083
7 523

20,419
7,376

24, 716
6, 962

18,851
7,577

3,102
834
766
1, 501

3,180
850
869
1 461

1,952
498
482
972

3??
1 I^S

1 994
1 ?39

1,388
1,319

1,345
1, 288

1, 154
1, 90fi

1. 225
1,198

1, 463
1,501

8f»9
934

597
546

785
939

1, 221
1, 097

980
921

1 061
850

1,002
746

1,162
1,468

15, 780
8, 935

17 256
8 677

313
90?,

22, 528
7, 999

23, 713
7, 086

22, 391
8,630

21 956
10 479

20, 209
10, 583

21, 833
9, 550

1 186
?70
308
607

1 60S
3fift
341
901

3, 130
600
565
1, 914

451
681
1, 205

2, 744
634
887
1,223

2,103
566
740
797

? 330
653
764
913

2, 509
637
784
1,088

2, 994
783
908
1,303

If

ROOFING
Dry roofing felt:
Production
..short tons..
Stocks, end of month
short tons .
Prepared roofing shipments:?
Total
_
thons. smiaros
thous. squares..
Grit roll
Shingles (all types)
thous. squares. Smooth roll
thous. squares .

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, totalf
mills, of kw.-hr._
By source:
Fuelsf
mills, of kw -hr
Water powerf-.
...mills, of kw.-hr__
By type of producer:
Central stations!
mills, of kw.-hr._
Street railways, manufacturing plants,
etc
mills, of kw.-hr._
Sales of electrical energy:
Sales to ultimate consumers, total (Edison
Elec. Inst.)
.mills, of kw.-hr..
Domestic service
mills, of kw.-hr _
Commercial—retail
mills, of kw.-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
Elec. Inst.)
thous. of dol

9,703

8,206

8,847

8,690

9,139

9,246

8, 599

8,904

8,892

9,085

9,124

<* 9, 672

° 9,800

6, 678
3,026

5,182
3,024

5,975

5,432
3, 258

5,850

5,881
3,365

5,681
2,918

5,114
3, 790

4,878
4, 014

5,163
3, 923

5, 853
3,271

° 0, 529
«3,143

« 6, 733
° 3,067

9,159

7,731

8,747

8,118

8,423

8,417

8, 604

8, 594

544

475

499

481

481

475

481

530

561

560

2,872
8,361
486

8,209
481

3, 288
8,588
551

«9,240

6,635
1,135
1,192
3,676

6,823
1,186
1,220
3,726

6,927
1, 289
1, 293
3,624

7,029
1,368
1,361
3,493

7,278
1,466
1,403
3,567

6,999
1,340
1,324
3,514

6,913
1, 254
1, 256
3,649

7, 069
1 223
1 281
3,842

7,085
1,165
1,266
3,975

7,264
1,144
1, 275
4,197

7,519
1,159
1 317
4,362

7,723
1,180
1,361
4,487

189

207

217

227

234

219

209

193

ISO

159

171

188

67
328

73
360

79
368

86
439

100
448

96
435

83
394

375

77
354

74
346

99
342

97
340

159, 073

162, 789

169,339

173,459

179,141

171, 220

165, 650

165,703

164, 015

164, 007

167, 672

169,636

10,023
9,473
106
435
27, 492
19 189
550

10,033
9,467
121
434
29,897
20,008
1,571

9,994
9,421
128
437
30,164
18, 543
3,223

10,005
9,425
131
439
33, 480
18, 679
5,716

9,960
9,333
133
485
35,960
19,922
6,669

9,972
9,346
135
481
36,611
20,146
7,053

9,973
9, 343
129
487
34,129
19,219
5,282

10,011
9, 378
132
488
33, 018
18, 781
4, 223

10, 098
9,465
136
485
31,334
18 866
2,805

10, 080
9,454
130
485
29,531
18 941
1,032

10 106
9, 484
125
485
27,249
17 279
636

10,119
9,499
126
484
25, 723
16,159
491

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:*f
Customers, total
_
. thousands
Domestic
thousands
Industrial and commercial..thousands..
Sales to consumers
millions of cu. ft
Domestic
millions of cu ft
Industrial and commercial
millions of cu. ft
Revenues from sales to consumers
thous. of dol
Domestic
thous. of doL.
Industrial and commercial thous. of dol

7,600

8,134

8,206

8,861

9,143

9,190

9,422

9,827

9,493

9,412

9,156

8,936

30,140
24,140
475
5,415

31, 753
24, 697
1,150
5,782

31,308
23,416
1,849
5,912

33,013
23, 336
3,291
6,244

34, 555
23,800
4,113
6,495

34, 653
23,322
4,612
6,571

32,887
22, 742
3,514
6,490

32, 093
22, 885
2,585
6,476

31, 839
23, 820
1, 553
6,336

30, 699
23, 693
773
6,127

28 689
22, 123
499
5,966

27, 223
20, 861
402
5,848

5,880
5,468
411
75,325
14,135

5,947
5,510
435
85, 028
18,556

6,018
5,552
464
99, 714
26, 726

6,039
5,563
474
113,418
36, 325

5,987
5,515
470
123,778
43, 715

6,004
5,532
469
136, 242
50,131

6,033
5,559
472
113,823
38, 942

6,027
5, 560
405
106,193
31, 859

6, 033
5,578
453
92, 639
23,658

6,011
5,581
429
85, 014
16, 854

6,010
5, 586
422
82, 090
13, 735

6,037
5,611
424
85, 330
12,678

60, 273

65, 252

71, 691

75, 680

78, 980

84, 673

73,442

72, 770

67, 588

67,137

68,121

71,402

22,120
11,262
10, 718

25,805
13,677
11,958

32, 099
18,316
13,591

38, 825
23, 635
14,981

44,312
27,964
16,178

48,116
30,581
17, 296

39, 732
24, 667
14,846

35, 475
21,034
14,219

29, 251
16, 429
12, 635

24, 812
12, 703
11,980

22, 904
10.913
11,863

22 778
10, 353
12, 265

• Revised.
• New series. For earlier data see p. 19 of the May 1935 issue, manufactured and natural gas. 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 to 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 and 1935 data also revised.
Revisions not shown in the June 1935 issue and in the May 1936 issue will appear in a subsequent number. Manufactured and natural-gas statistics for the years 1929-35
have been revised. Revised data on manufactured gas appeared on p. 20 of the June 1936 issue, and revised data for the natural gas on p. 19 of the August 1936 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 the November 1935 issue.




42

SURVEY OF CURRENT BUSINESS

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

1936

November 1936

1935

Septem- September
ber

1936

Novem- Decem

January

March

April

May

June

July

August

FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
4,985
thous. of b b l 5,183
Production
thous. of bbL.
8,082
Stocks, end of month
thous. of bbL.
Distilled spirits:*
Consumption (tax-paid withdrawals) t*
6,931
thous. of proof g a l 5,952
Whisky
thous. of proof g a l Production "total
thous. of proof gal.. 23,698
Whisky
..thous. of proof gal.. 19,063
Stocks, end of month..thous. of proof gal.. 352,151
Whisky
thous. of proof g a l - 341,264
Rectified spirits:
Alcohol, ethyl, withdrawn tax paid (see p.
39):
Consumption (tax-paid withdrawals)*
thous. of proof g a l 2,783

3,931
3,868
6,690

3,790
3,735
6,496

3,366
3,221
6,204

7,020
6,372
16,238
13,989
187,729
180,066

7,807
7,076
23,002
16,549
195,796
188,423

9,045
8,237
25,000
18,301
205,382
197,788

2,019

2,614

2,969

2,998

2,304

135,667

149,886

148,201

144,921

137,264

127,594

.35
131,862
44,637

.26
141,786
48,294

.28
119,748
42,149

.34
105,147
35,734

108,777

148,822

120,210

.32
96,462
32,898
71,948

3,104
3,219
6,205

2,679
3,335
6,640

2,685
2,932
6,802

5,041
5,418
8,409

3,738
4,433
7,333

3,887
4,970
8,208

6,173
6,203
5,687
5,531
19,804 22,691
18,838 21,612
242,830 258,221
233,797 248,946

6,177
5,390
23,251
21,917
273,798
264,389

2,028

2,335

2,367

2,044

1,937

122,114

123,524

131,896

162,006

132, 596

122,804

131, 579

.35
.37
108,172 106,688
42,257 41,211

.32
120,162
45,829

.31
130,928
48,379

.27
.30
178,028 185,223
56, 537 69,435

.34
152,001
54, 676

.36
139, 363
44, 792

8, 219
6,019
7,315
5,421
24,412 21,910
19,910 20,340
215,518 230,425
207,154 221,602

5,600
6,061
8,633

5,666
5,229
4,760
4,288
23, 373 24, 274
22.158
22, 693
290, 739 310, 793
281,208 300,653

6,670
6,791
8,525

5, 938
5,771
8,122

5,823
5,200
4,643
4,279
21, 720 19,763
19,994 17,824
325, 990 339, 820
315,936 328, 808

2,159

1,936

DAIRY PRODUCTS
Butter:
Consumption, a p p a r e n t ^ - - t h o u s . of lb—
Price, N. Y., wholesale (92-score)
dol. per l b . .
Production (factory) t
thous. of lb—
Receipts, 5 markets
..thous. of l b Stocks, cold storage, creamery, end of
month
thous. of l b Cheese;
Consumption, apparent!
thous. of l b Imports*
thous. of lb—
Price, no." 1 Amer. N. Y
dol. per l b Production (factory)t--thous. of lb-.
American whole milkf
thous. of l b Receipts, 5 markets
thous. of l b Stocks, cold storage, end of monthf
thous. of l b American whole milkt
thous. of lb—
Milk:
Condensed and evaporated:
'condensed (sweetened).. thous. of l b vapora e unswe
thous. of lb—

40,117

21,502

8,217

5,346

4,997

21,157

73,816

103, 259

56,840
63,891
52,982 46,700
53,331
3,632
3,022
6,015
5,796
5,880
.17
.19
.20 a
.17
.18
70, 751 «63, 580 «48,S26 «47,138
55,389
a
43,307 °49,053 «42,114 28,811 "27,345
16,384
12,098
15,423
11,488
16,836

54,879
3,240
.18
43,841
29,455
10,416

53,651
3,794
.17
39,809
27,051
13,339

57,436
5,693
.17
45,317
32,409
15,164

62,127
4,217
.15
48,816
37,089
13,398

70,165
3,152
.15
65, 339
52, 395
14, 206

76,150
4,257
.17
83,132
67,101
21,191

6C, 370
5,463
.20
63,922
53,032
18, 479

99,572
86,537

90,890
78,197

79,556
68,363

73,952
62,261

67,776
55,756

70, 783
56, 946

85, 798
70, 282

97, 403
80, 735

14,578 » 17,891

19,833

21,254

23,328

22,140

33,537

29, 339

19, 274

248, 258 266,199

211,299

183, 428

115,309
98,498

22,448

114,953
102,661
a

111,731
100,670

16,798 « 15,155

104,661
92,912
a

185,780

134,809

105,710

86,337

101,604

118,301

112,704

144,222

181,552

Condensed (sweetened)..thous. of l b 204
Evaporated (unsweetened)
thous. of l b 2,904
Prices, wholesale, N. Y.:
Condensed (sweetened).dol. per case—
4.85
Evaporated (unsweetened)
3.40
dol. per case..
Stocks, manufacturers, end of month:
Condensed (sweetened):
12,363
Bulk goods
thous. of lb
Case goods
thous. of l b . . 12,109
Evaporated (unsweetened):
Case goods
thous. of l b - 160,578
Fluid milk:
Consumption in oleomargarine
6,357
thous. of l b Production, Minn, and St. P l

235

275

332

474

147

257

229

246

P?os?on, incl. cream
Greater New York*
Powdered milk:
Exports
Orders, net, new
Stocks, mfrs. end of mo

thous. of qt
thous. of qt—

113,031
thous. of lb_.
291
thous. of lb
—
thous. of l b - 26,796
FRUITS AND VEGETABLES

l

U2,106
53,897
6, 452
.21
57, 693
44, 451
15,981

107, 542
90,471
0

262

465

86
1,828

2,118

60

2,585

1,810

2,719

2,463

1,765

2,138

1,696

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

4.85

2.90

3.12

3.15

3.15

3.15

3.15

3.15

3.15

3.28

3.40

5,497
14,678

3,373
11,697

2,931
8,829

2,845
6,044

2,329
3,659

2,741
2,963

4,588
3,741

9,374
8,252

14,664
11, 275

13, 654
11,188

343,132

229,065

91,250

72,916

66,094

45,375

42,597

61,775

141,774

186,359

6,515
^ ^

6,506
^ ^

6,787
^ ^

6,932

7,396

7,555

6,622

6,529

16,529
107,265

17,768
109,639

17,160
105,925

16,210
109,377

16,380
111,875

15,308
104,459

15,266
114,536

15,694
110,640

282
14,844
29,702

252
13,559
23,166

234
13,254
14,580

219
12,654
10,121

305
10,952
9,212

236
10,720
8,485

268
12,316
9,435

286
14,778
11,225

2,383

2,108

2,646

4.85

4.85

2.80

2.80

8,333
17,349

«12, 250
11,116
102, 021

5,029

5, 521

5,258

5,847

41,673

42, 051

32,183

28,098

17, 387 16, 550
120,137 114, 657

18,142
117,126

17, 781
115,060

428
16,131
32,007

383

312

29, 264

352
13,837
21, 252

Apples:
Production, crop estimate.- .thous. of bu_. «104,942
/167.283
- - —
1,373
1,024
2,281
Shipments car lott
carloads..
7,629
6,855 18,836
7,546
5,378
4,740
6,283
5,414
4,563
Stocks, cold storage, end of month
thous. of bbl
2,328
2,510 10,276
11,018
9,686
8,225
5,976
3,769
1,783
9,522
6,536
13, 539 11, 050
Citrus fruit, car-lot shipments!
carloads7,417
6,800
8,911 11,153
14,450
13,260
13,516
15,016
14,628
1,018
1,479
3,614
3,858
Onions, car-lot shipments!carloads..
3,363
3,420
3,654
2,392
1,518
2,592
2,625
1,838
3,645
Potatoes:
2.456
3.665
2.519
Price, white, N. Y
dol. per 100 l b . .
1.795
.906
1.120
1.800
1.790
1.656
1.700
1.820
2.406
Production, crop estimate.-.thous. of bu— «322,263
Z387.678
—
14,425
12,371
Shipments, car lott
carloads- 16,724
12,362
19,491
13,854
11,356
16,810
19,560 24,388
18,718
17,114
18,598
•Revised.
§Bulk evaporated milk not included since December 1931.
• Oct. 1 estimate.
/ Dec. 1 estimate.
•New series. Beverage figures are compiledby theU. S. Treasury, Alcohol Tax Unit. Monthly data on distilled spirits available beginning July 1933 and on fermented
malt liquors, April 1933. For earlier data for receipts of milk in Greater New York see p. 20 of the August 1934 issue. 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. For 1934 revisions see p. 20 of the December 1935 issue.
t 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 earler 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, see 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 1935 issue. For 1934 revisions on production of butter, cheese,
condensed and evaporated milk, and apparent consumption of butter and cheese see p. 19 of the November 1935 issue, and revisions not shown in the October 1936 issue for
1935 will appear in a subsequent issue. Forfinalrevision for 1933, car-lot shipments of apples, citrus fruits, onions, and potatoes, see p. 20, January 1935 issue, and for 1934
revisionssee p. 20 of the November 1935 issue. Data on consumption of distilled spirits revised to include brandy tax paid direct from fruit distilleries. For revisions see
P

•Consumption of distilled spirits (withdrawn tax paid) plus brandy tax paid direct from fruit distillers plus ethyl alcohol withdrawn tax paid (see p. 39) equals
Bureau of Internal Revenue total of distilled spirits withdrawn tax paid.




November 1936

43

SUKVEY OF CURRENT BUSINESS

1936
1935
Monthly statistics through December 1931,
;ogether with explanatory footnotes and references to the sources of the data, may be found Septem- Septem
DecemOctober Novemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1936
January

February

March

April

May

June

July

August

FOODSTUFFS AND TOBACCO—Continued
GRAIN AND PRODUCTS
Exports, principal grains, includingflourand
3,449
4, 844
mealf
thous. of bu..
Barley:
1,006
1,953
Exports, including maltf
thous. of bu._
Price, no. 2, Minn.:
.58
Straight*
- d o l per bu._
1.30
.68
1.28
Malting*
dol per bu
Production, crop estimate thous of bu._ e 143, 9 lfi
9, 683
13, 780
Receipts, principal markets*-thous. of bu_.
Visible supply, end of month*
12, 009
thous of bu_. 15, 294
Corn:
30
28
Exports, including mealf
thous. of bu..
°4, 857
6, 778
Grindings
. >
._ thous. of bu__
Prices, wholesale:
1. 12
.78
No. 3, yellow (Kansas City)-do'. per bu_.82
1.27
No. 3, white (Chicago)._...dol. per bu__
Production crop estimate thous. of bu '1,509,362
7,129
9, 213
Receipts, principal markets thoiis. of bu..
Shipments, principal markets
3,102
4, 375
thous. of bu_.
Visible supply, end of month*
3,932
4, 33G
thous. of bu~
Oats:
142
68
Exports,
oatmealt-thous.per
of bu._
.30
.44
Price.no including
3, white (Chicago).-del.
bu_.
Production, crop estimate thous. of bu._ «783, 750
4, 007
21, 300
Receipts, principal markets thous ofbu..
Visible supply, end of month®
thous. of bu__ 50, 452 41, 430
Rice:
90, 194
1, 325
14, 056
Exports!
pockets 100]b..
Imports??
100 1b.. 12i,670
Price, wholesale, head, clean, New Orleans
,040
dol. per !b_. e . 042
45, 409
Production crop ctimatp
thoiis of bu
Southern States (La., Tex., Ark., and
Term.):
Receipts, rough rice, at -mills
930
1,375
thous. of bbl. (Ifi21b.)__
Shipments from mills (milled rice) total *
591
754
thous. of pockets (100 lb.)._
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
thous. of pockets (100 lb.)_.
709
962
Rye:
2
0
Exports, including flour
thous. of bu_.
.47
.87
Price, no. 2, Minneapolis
dol. per bu__
Production, crop estimate thous. of bu__ * 27, 095
2,461
1, 658
Receipts, principal markets*.thous. of bu..
Visible supply, end of month*
thous. of bu_.
8,367
6, 376
Wheat:
Exports:f
1, 324
2,4.15
Wheat, including flour thous. of bu_.
14
487
Wheat only..
thous. of bu—
Prices, wholesale:
No. 1 Dark Northern Spring, Minn.*
1.33
1.46
dol. per bu_.
No. 2 Red Winter, St. Louis
1.03
1. 19
dol. per bu_.
1.15
1.22
No. 2 Hard Winter, K. C d o l . per bu._
Weighted average 6 markets, all grades
1.25
1.03
dol. per bu..
Production, crop estimate, total
thous. of bu «627, 233
Spring wheat
thous of bu.. •108, 136
Winter wheat
thous. of bu~ •519, 097
Receipts
thous of bu_. 10, 621 42, 289
15, 595
Shipments
thous. of bu__ 10, 658
418,130
Stocks, visible supply, world.thous. ofbu..
Canada
thous. of bu_. 149, 908 219,903
81,912
78, 631
United States*.._
-thoiis. ofbu
Stocks, held by mills (quarterly)
thous. of bu_. 153, 521 155,791
Wheat flour:
8,567
9, 186
Consumption (computed)t-thous. of bbl_.
410
279
Exports f
thous.of bbl—
Grinding of wheat
thous. of bu_. 40, 052 41,686
Prices, wholesale:
8.38
6.96
Standard Patents, Minn.—dol. per bbl..
Winter, straights, Kansas City
5.67
7.06
dol. per bbl..

2,777

2, 601

2,481

2,144

1,683

2,156

1,842

2,530

2,733

2,087

3,442

1,138

872

1,240

823

359

573

323

806

704

533

1,614

.59
.66
/ 282,226
4, 809
7, 827

.67
.69

.66
.71

.66
.69

.68
.71

.64
.67

.64
.70

.87
.92

1.22
1. 24

.61
.65

.56
.62

6,142

3,826

7,845

5,966

5,565

5,893

5, 992

16, 583

16,087

16, 571

15,474

15,124

13, 443

12, 978

11, 894

11,241

9,578

7,017

12, 136

46
6, 232

42
5, 891

32
6,128

48
6,356

52
6,113

70
7,088

34
a
6, 209

109
°6, 242

219
a
5, 386

106
«6,480

82
°6,898

.62

.67
.62

.63
.58

.63
.64

.62
.67

.62
. 71

.94
1.01

1. 15
1.24
15, 569

9,923

.81
.85

.61
.56
(/)
2,291,629
I
18, 729
18,879
8, 82S
7, 256

} 14, 466

13,610

18,003

17,497

16, 227

24, 215

17, 614

8,133

7.494

7 t 750

8, 508

11, 320

15,194

11, 920

7,711

7, 6S5

6, 802

5, 00S

7, 955

8, 073

6,511

7, 743

4,908

4, 787

80
.30

88
.28

62
.28

81
. 27

425
.28

59
.37

89
.44

4,460

8, 70S

4,991

5, 866

6, 200

16, 803

15,205

40, 21.3

37, 848

35, 493

31, 232

31, 394

39, 253

51,715

.62
.64

{

9,544
3,812
2,481
105
.30
12, 089
45, 863

4,884

(0

77
70
.29
.30
(/)
/
""
._ . . . ^ 1,196 668 1
5, 652
4,
489
6, 201
41,123
46, 037
42,012
83
.29

148, 651
2U32

342, Of$8
19, 7o9

90, 247
25,040

51,059
27, S3U

29,792
73. 9S6

6,986
79, 589

4, 241
00, 932

9, 823
76,870

713
G7, 490

890
62, 339

f>, 124
104, 099

. 040

.040

. 040
fW 132

. 030

.039

.039

. 040

.042

. 043

.043

.043

2,402

« 1,816

657

845

483

232

161

129

60

20

304

1, 224

« 884

538

1, 019

1,070

979

788

529

318

287

331

1,999

° 2, 978

3,136

3,044

2,554

1, 855

1, 244

863

609

342

321

0
.52

2
.49

.53

0
.57

0
.52

0
.50

0
.52

3
.58

0
.75

0
.83

2, 754

1,991

0
.49
/ £8,928
1,169

1, 061

763

1,324

970

2, 297

1,422

1,630

1, 540

9,088

9,660

9, 022

8,412

7,642

7, 555

7,176

6, 869

6,379

6,080

6, 674

1,489
14

1,602
30

1,132
34

1, 202
13

1,192
28

1, 425
30

1, 423
16

1,534
34

1, 382
26

1, 389
26

1,657

1.34

1.28

1.28

1.33

1.31

1.24

1.23

1.14

1.24

1.36

1.47

1.10
1.19

1.05
1.13

1.06
1.11

1. 09
1.13

1.09
1.10

1.08
1.06

1.07
1.02

1.02
.95

.95
.96

1.06
1. 11

1.17
1. 22

1.07

.98

1.00

1.07

1.07

.98

.95

.90

.96

1.10

1.27

27, 883
14, 695
443,400
259, 869
82,406

14, 501
12.403
436, 690
257, 424
80,371

/ 623, 444
f159,241
/464,203
9,943
7,181
484,010
259, 928
74,730

9.277
7,964
468,910
243, 631
68,010

5,474
6,782
427, 650
223,725
58,164

9,788
9,289
380, 190
206,823
49, 537

7,417
7, 745
335, 340
189, 250
41,482

11,103
12, 970
284,970
160, 107
32,073

14,819
12, 363
244, 020
140, 346
25,125

10,703
314
45,664

10, 373
335
38, 254

7,923
234
33,123

9, 386
253
40,042

9,022
248
38,987

9,035
297
38, 273

8,090
299
36, 453

8,009
319
35, 328

7,694
289
36, 637

8.48

8.15

8.21

7.19

6.99

6.92

6.45

6.07

6.28

6.78

7.21

7.19

6.84

6.69

6.09

5.56

5.42

5.24

4.80

4.73

5.23

5.64

86, 097

139,774

84, 222
27, 210
275, 131
116,409
72, 783

29, 495
18 214
293,970
113, 276
84 764

62, 642
10, 064
290
43,660

0

11, 250
305
42, 087

9,055
Flour, actual (Census)
thous. of bbl—
8,274
8, 707
9,897
8,644
8, 252
8,401
7,845
7,840
7,175
7,569
9,416
9,148
Flour prorated, total (Russell's) t
9,802
9,386
8,975
9, 173
9,746
11,116
8,349
9,070
8,235
8,300
8,149
thous. of bbl_.
10, 244
11,652
Offal
thous. of Ib~ 723, 830 744, 779 821, 200 692,087 595, 761 728, 216 709,574 694,897 665, 223 650,921 675,914 793,510 758, 322
53
56
59
53
51
46
56
48
48
48
Operations, percent of total capacity
61
58
56
Stocks, total, end of month (computed)
5,40C
5,400
5,600
5,592
4,600
4, 950
5,400
5,200
5,600
5,100
a5? 600
thous. of bbl—
4,950
5, 500
3,864
4,677
4,222
4,068
Held by mills (quarterly)..thous of bbl_.
4,255
1
1
Revised.
Oct. 1 estimate.
t Dec. 1 estimate.
1 No quotation.
2 Brewer's rice not included.
* New series. For earlier data, see p. 20 of the November 1932 issue, rye and barley receipts and rye stocks; and p. 20 of the June 1935 issue, wholesale price of wheat,
No. 1 Dark Northern Spring, Minneapolis. 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.
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 exports for 1932 see p. 39 of the June 1933 issue for 1933, p. 20 of the September 1934 issue, and for 1934, p. 19 of the December 1935 issue.
• Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.

# See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue, and for 1934, revisions p. 20 of the December 1935 issue.



44

SURVEY OF CURRENT BUSINESS

1936
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found SeptemSeptem- October Novem- Decemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

November 1936
1936

January

February

March

April

May

June

July

August

FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS
Total meats:
834
Consumption, apparentA
mills, of lb._
Production (inspected slaughter) A
1,029
776
mills, of lb._
Stocks, cold storage, end of month, totalA
625
422
mills, of lb._
75
49
Miscellaneous meats
mills, of lb__
Cattle and beef:
Beef and veal:
472,160
Consumption, apparentA--thous. of l b . .
1 483
1,226
Exports!
thous. of lb._
Price, wholesale:
Beef, fresh native steers, Chicago
. 145
.179
dol. per lb_.
Production (inspected slaughter) A
thous. of lb— 571, 787 465, 982
Stocks, cold storage, end of month A
48, 226
thous. of lb_. 82,804
Cattle and calves:
Movement, primary markets: 0
2,257
2, 264
Receipts
thous. of animals..
1,339
« 1,242
Slaughter, local
thous. of animals..
Slaughter, inspected. (See Leather
and leather products.)
928
978
Shipments, total
tbous. of animals..
380
441
Stocker and feeder.thous. of animals..
Price, wholesale, cattle, corn-fed, Chi9.52
11.31
cago
dol. per 100 lb._
Hogs and products:
Movement, primary markets: 0
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..
Price, heavy, Chicago...dol. per 100 lb—
Pork, including lard:
Consumption, apparentA--thous. of lb._
Exports totalt
thous. of lb_.
Lardf
thous. of lb—
Prices:
Hams, smoked, Chicago.-dol. per lb...
Lard:
Prime contract, N. Y.._dol. per lb—
Refined, Chicago*
dol. p e r l b Production, inspected slaughter, totalA
thous. of lb—
LardA
—thous. of lb—
Stocks, cold storage, end of mo.
thous. of l b . .
Fresh and curedA
thous. of lb—
LardA
-thous. of lb.
Sheep and lambs:
Lamb and mutton:
Consumption, apparentA-.thous. of lb—
Production, inspected slaughter A
thous. of lb—
Stocks, cold storage, end of mo.
thous. of l b . .
Movement, primary markets:*
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 1001bLambs, Chicago
dol. per 1001bPoultry and eggs:
Eggs:
Receipts, 5 markets
thous. of cases..
Stocks, cold storage, end of month:
Case
thous. of cases..
Frozen
thous. of l b . .
Poultry:
Receipts, 5 markets
thous. of lb—
Stocks, cold storage, end of mo.
thous. of lb—

1,015

915

914

1,009

844

942

961

957

1,036

1,040

992

958

1,023

1,144

847

937

960

949

1,033

1,066

997

402
53

448
63

563
74

698
79

689
70

675
67

669
61

650
57

641
57

665
62

671
73

546, 738
1, 013

473, 094
1,041

464,311
604

493, 972
728

426, 553
787

439,651
1,218

485,136
1,032

474,888
1,426

501,898
1,110

523, 582
1,302

528, 398
1,790

1,001

.169

.166

.178

.180

.171

.151

.149

.134

559, 057

492, 498

472, 484

484, 406

402,142

425,199

459,149

453,127

485, 518

518, 400

542, 249

65, 464

91,164

106, 210

104,447

86, 928

79, 509

65, 011

51,134

41, 222

42, 914

<* 64, 255

2,545
1,351

2,037
1,340

1,809
1,143

1,793
1,158

1,416
942

1, 625
1,046

1,673
1,094

1, 522
1,002

1,764
1,137

1,881
1,179

2,216
1,322

1,198
629

911
445

650
242

623
196

462
116

556
190

573
195

511
163

610
167

697
240

848
319

11.41

11.36

12.21

12.11

10.61

10.31

9.21

8.61

8.51

8.70

9.00

.133

.138

1.4

1,939
1,263

1,220
824

1,652
1,182

1, 671
1,149

2,036
1,428

2, 532
1,774

1,817
1,188

2,045
1,372

1,875
1,322

1,759
1,276

1,864
1,348

1,915
1,347

1,747
1,166

673
94
10.25

390
22
11.41

463
25
10.19

526
24
9.42

606
36
9.51

745
38
9.73

628
26
10.33

666
33
10.10

550
38
10.55

482
32
9.48

512
36
10.05

562
57
10.11

572
91
10.82

12,083
7,856

301,300
6,213
1,515

398,480
7,425
2,731

386,505
14, 872
7,932

395,269
12, 832
7,853

450, 560
14, 929
10,117

362, 070
11, 268
7,514

443, 486
16, 403
11, 461

423, 876
14,118
9,489

434,683
18, 495
10, 837

486, 492
18, 880
11, 090

467, 178
16,811
7,481

422,125
12, 224
6, C45

.246

.279

.260

.267

.273

.263

.243

.235

.239

.238

.240

.252

.256

.118
.126

.169
.177

.151
.164

.138
.144

.117
.134

.109
.120

.112
.118

.111
.118

.113
.120

.104
.113

.103
.113

.110
.119

.122
.129

396,371

250,570
34,387

363,102
47, 758

409,862
58,072

495, 250
74, 002

595, 065
96, 392

390,346
66, 464

453, 787
75,518

449,029
77,024

449,173
80, 534

499, 066
87, 288

497,956
82, 952

403,198

463, 285
361,651
101, 634

322,955
277,605
45,350

281,365
240,663
40, 702

291,115
253, 209
37,906

379,495
326,777
52,718

511,711
436, 042
75, 669

530,143
451, 418
78, 725

526, 963
450,149
76,814

541,017
457, 402
83, 615

540, 274
440,618
99, 656

541,904
435,130
106, 774

558, 987 °531, 409
441, 961 "420, 848
117, 026 «110, 561

60, 255

69, 367

54,965

54,837

64,298

55, 016

58,477

52, 394

47, 205

48,107

49,457

60, 894

59,941

69,983

55,702

55,235

64,140

54,829

58, 285

51,871

46, 721

47, 971

49, 833

52,001

3,334

1,376

1,968

2,661

3,025

2,824

2,563

2,334

1,785

1,282

1,122

1,478

° 2,634

2, 766
1,126

2,822
1,109

3,055
1,225

1,732
927

1,588
966

1,862
1,127

1,632
949

1, 701
1,023

1,798
990

1,944
889

1,859
961

2,022
1,006

2,287
1,011

1, 597
480

1,660
533

1,860
886

822
335

620
112

732
94

690
59

666
66

800
112

1,063
183

873
108

1,014
152

1.271
343

3.36
8.91

3.28
8.95

3.59
9.00

4.11
9.81

4.35
10.80

4.50
10.25

4.34
9.97

4.62
9.66

4.81
10.75

4.56
10.97

10.38

0)

50,815

0)

3.31
8.86

9.06

782

781

704

641

784

889

811

1,798

2,022

2,088

1,727

1,247

5,817
96, 628

6,353
98,653

4,644
88,018

2,738
79,035

964
69,546

159
59, 722

13
46,367

807
45,848

3,039
69,172

5,707
94, 014

7, 058
111, 725

7,335
115,485

27, 580

21, 783

28,332

62,486

56,321

21, 433

15, 654

15,098

15,122

18,979

22, 740

22,683

26,400

82, 076

39, 720

53,156

86,098

107,389

103,833

85,792

69,494

49,324

41,926

43,050

49, 220

°65, 488

981
a

7, 006
a
108, 614

TROPICAL PRODUCTS
Cocoa:
19,388
12,587
19,005
32,601
24,357
30, 508
28, 549
7,174
Imports#
.
long tons— 22,816
31, 206
15, 570
9,696
18,129
.0750
.0510
.0517
.0501
.0517
.0535
.0550
.0536
.0533
.0641
.0558
Price, spot, Accra, N. Y
dol perlb..
.0617
.0667
'Shipments, Gold Coast and Nigeria
10,820
23,345
39, 786
54,930
61,247
59,819
40,114
17,025
11,063
14,331
20,795
20,158
long tons...
• Revised.
A Government slaughter not included; for months June 1934-February 1935 see p. 44 of the June 1935 issue.
# See footnote on p. 37 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue, for 1934 revisions see p. 20 of the December 1935 issue.
t For revisions of 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, for 1934 see p .
19 of the December 1935 issue.
* New series. See p. 18 of January 1934 issue.
• Included animals purchased for Federal Relief CorporatioD for the months of October 1934-February 1935 inclusive*
i N© quotation.




November 1936

45

SURVEY OF CURRENT BUSINESS

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

July

August

FOODSTUFFS AND TOBACCO—Continued
TROPICAL

PRODUCTS-Continued

Coffee:
Clearances from Brazil, total
1, 090
thous. of bags..
603
To United States
thous. of bags
Imports into United States#
970
thous. of bags
.081
Price, Rio No. 7. N. Y
dol. per 1b
1,238
Receipts at ports, Brazil
thous. of bags._
Stocks, world total, incl., interior of Brazil
thous. of bags
0)
Visible supply, total exel Interior of
7, 754
Brazil
. thous. of bags...
953
United States
thous. of bags__
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
1,009
thous of long tons
United States:
Meltings, 8 portst
long tons
277, 352
Price, wholesale, 96° centrifugal. New
York.
...dol. per lb
. mo
Receipts:
From Hawaii and Puerto Rico
128, 430
lone tons
Importst#
long tons
217,897
Stocks at refineries, end of mo.+
long tons. 323, 843
Refined sugarExports, including maplef
long tons
5,647
Price, retail, gran., N. Y
dol per lb
Price, wholesale, gran., N. Y.dol. per lb
. 047
Receipts:
From Hawaii and Puerto Rico*
long tons
4, 8°6
Imports:
Cuba* A.
...long tons
21. 539
Philippine Islands*
lone tons
2,393
Shipments, 2 portst
....lone tons
Stocks, end of month, 2portst-long tons
TeaImports^
thous of lb
9, 036
Price, wholesale, Formosa, fine, N. Y
dol perlb
MISCELLANEOUS PRODUCTS
Candy sales by manufacturers.thous. of dol
30, 033
Fish:
Landings, fresh fish, principal ports
thous oflb
48, 167
Salmon, canned, shipments
cases
6, 231
Stocks, total, cold storage, 15th of month f
thous of lb
84, 695
TOBACCO
Leaf:
Exportsf
thous, oflb
Imports, unmanufactured^..-thous. oflb
Production, crop estimate
thous. of lb '1,152,076
Stocks, total, including imported types
(quarterly)
mills oflb-.
Flue-cured, fire-cured, end air-cured
mills, of lb_.
Cigar types
mills, oflb-.
Manufactured products:
Consumption (tax-paid withdrawals)Small cigarettes
millions
14, 342
Large cigars.
.
thousands
489, 293
Manufactured tobacco and snufT
thous of ib . 30, 096
Exports, cigarettes
thousands. | 371,146
Prices, wholesale:
Cigarettes
__..dol. per 1,000.. 1| 5.380
Cigars
dol. per 1.000
45.996

1,651

1,466
887
1,130
.066
1,431

879
1, 237
1^ 651

27, 204

27, 765
7, 794
941

7, 653
863

1,420

1,474

779

824

1,086
.066
1,472

1,299

28,738

29, 548

7, 669

7,844
988

065

l",539

817

1, 563
954

1,360
854

1,201
692

1,094

1,248
.066
1,409

1,575
.068
1, 496

1,450
.065
1, 444

1,138

30, 650

29, 606

8,116
1, 056

8,128

0)

0)

7, 832
882

7. 846
1,010

755 I

1,076

979

912

775

301,969

313,903

240, 378

241, 580

. 035

.031

.033

. 035

. 036

063

1,"027

995

1, 991

1, 108

321, 986 I 331.296

549

419, 096

. 034

2, 092
460,316

1,150
511

998
437

879

940
.070
947

. 066
1,009

0)
8,108
998

1,886 I

.036 | .038

.03<
171,070
274,287

73,641
82,044

69,960
54,844

67, 731
38. S64

00, 223
246. 005

144,017 ! 197,386 I 176,391
315,164 ! 279,852 j 325,379

512,518

370,639

310,543

211 023

17S,176

228. 493 ! 240, 659 I 301, 105401, 669

14, 485
. 056
.052

6,381

1,534

7,666
0
46, 853
9.754

8
0
40, 943
9,951

8, 457

9, 326

.275

.275

27, 886

26, 187

10, 308
.057
. 052

3,981
.053
.049

568 j

904
. 082
1, 016

0)

(0

8, 030
903

7,884

1,566 1,375 i

.037
158,'
305, <

.037 I

390, 794

5,506

15, 021

14,213

17,924

15,919

16,445 j 11,016

2,298 I
0
693
34,026
30,636
15,842
9,352

26,987
0
57, 640
13, 340

28, 707
2, 902
58, 820
13,203

42, 877
9,371
65, 722
11,080

37,988
14, 501
43,725
19,816

41,628
4,602

3'', 5C3
!, 661

1,402

7,867

037

146. 418 ! 111, 968
268, 453 I 103, 264

960 |
545
054
049

1,209

371,268 | 307, 639

4, 867
. 053
.052

3, 710
. 053
. 049

1,174
669

901
.078
1,115

4 375
1)56
052

1, 895
. 053
.052

4,391 j
.053 |
.048

8, 111
1,015

326, 152 | 406,144

116,556
117,163

13,369
.056
.051

25, 982

1,097 !

968
055
047

251
668

5, 971
055
047
2,189
17,615
2,108

8,378

6, 067

5,915

8,159

6, 776

5,449

.275

.275

.275

.275

.275

.275

27,030

26,170

22, 584

23, 192

22,123 j 21,399

17, 703

20, 638

12,064 i 17,603

42, 793 33, 368
462, 745 471,448
I
76, 503
66, 540 j 70,156

26,437
359, 188

20,120
490, 638

20,016
436, 976

39, 029
494, 790

43,355
514,664

45,563
325,882

44,351
45,390
565,701 11,195,502

75, 056

64,031

45,129

31, 270

26,102 ( 34,141

46,241

62,578 ! 76,098

67, 793
42, 060
4, 843
3, 781
I! (>)
"\ll,206,810

41,929
8,430

35,137
5, 726

13, 877
4, 553

24, 235
5, 883

18. 485
4,120

20,477
5,815

20, 887
5, 793

26, 946
5, 977

13,430
445,976

. 275 i

38, 445
950, 789

52,671 j 60,488
4,943 I 8,470

2,200 !

2,373

1,772
348

1,949
344

-j

42, 560
273, 242

5,996

6, 312

2,421
1, 714
371

1,949
375

10,774
430,959

12,711
524,399

10, 801
9,841 ! 12,725 | 10,766 | 11,193
11, 869
457,299 j 312,974 j 336,579 356, 624 | 377, 167 411, 606

025
419 369

14,009
452,312

14.801
482. 4^8

28, 984
297, 240

31,916
324, 298

26, 687
393, 886

29, 254
428, 572

28,100
398, 683

29, 474
306,128

31,326 I ?6, 756
380,153 i 452,731

5. 380
45. 996

5. 380
45.996

5.380
45.996

5. 380
5.380
4F> 996 45. 906

5 380
45 996

5. 380
45. 996

23, 096 29, 490
337, 227 385, 525
5.380
45.996

5.380

27,919
30,315
320,394 j 351,679
5.380 I

5. 380
45. 996

FUEL.S AND BYPRODUCTS
COAL
Anthracite:
87
118
162
120
Exports
thous. of long tons._
141
1.88
80
189
120
101
100
91
Prices:
Retail, composite, chestnut!
V
V 96
12.83
dol. per short ton...
43
Wholesale, composite, chestnut J
9 3?7
9 283
045
9.
981
9.
969
10.
065
9.
721
9.
657
10
10.001
9.
707
dol. per short ton._
9 45?
10.015
9. 564
4,336
4.279
5, 203
Productionf..
.thous. of short tons..
3, 764
4. 172
3,160
6. 461
2, 730
4 577
3 94 S
4,620
3,223
3, 681
5. 934
Shipments!
thous. of short tons..
3, 587
2,868
4,116
2, 429
4 274
3,440
4,217
4,865
3 516
2, 917
3,345
x
° Revised.
Data not available.
• Oct. 1 estimate.
/ Dec. 1 estimate.
fRevised series. For revisions refer to the indicated pages of t n t monthly issues, as follows: Exports of tobacco for 1932, p. 42. June 1933. data revised for 1933, see
p. 20 of the September 1934 issue. For 1934 revisions see p. 19 of the December 1935 issue. 1932finalrevision of anthracite production, p. 42, January 1934. Anthracite
shipments for 1932, p. 42, December 1933. For revised data for 1932 on sugar meltings and stocks, see p. 43 of the May 1933 issue For 1932 revisions of sugar imports and
exports see p. 41 of the June 1933 issue. For revisions of exports in 1933. see p. 20 of the September 1934 issue. 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. The change resulted from n 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. For 1934 revisions, see p. 20 of the December 1935 issue. Revisions on
1935 cold-storage holdings of fish not shown in the October 1935 issue will appear in a subsequent issue.
JA 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.
Note major correction in data on imports of refined sugar from Cuba, June-November 1934. were shown in the February 3935 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 Islands are not available
^Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price is reported quarterly.




46

SURVEY OF CURRENT BUSINESS

Monthly statistics through December, 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- Septem- October Novem- Decem- January
ber
ber
in the 1932 Annual Supplement to the Survey
ber
ber

November 1936
1936

F

f^ryU'

March April

May

June

July

I August

FUELS AND BYPRODUCTS—Continued
COAL—Continued
Anthracite—Continued.
Stocks in storage:*.
2,239
2,347
2,127
2,244
Total
thous. of short tons..
1,911
1,217
528
458
369
853
1,240
1,556
1,992
Stocks, in yards of dealers, end of month
64
62
62
35
23
19
no. of days' supply38
31
59
57
77
Bituminous:
Consumption:
5,760
4,649
4,539
5,042
4,171
4, 764
4, 990
4, 862
Coke plants
thous. of short tons..
5, 542
5,133
5,472 j 5,509
5,752
Electric power plantst
3,845
2,961
3,143
3,391
3,
437
3,453
3,
365
2.
955
3,
022
2,
859
3,322
| « 3. 767 a 3, 868
thous. of short tons_.
4,789
5,231
5,449
5, 7(i<S
6,078
5,617
5,192
6. 307
5,364
Railroads
thous. of short tons..
4,888
128
91
161
79
101
134
116
96
87
Vessels, bunker
thous. of long tons...
122 |
124
134
88
804
902
789
308
457
1, 103
323
321
Exports
thous of long tons .
914
1,035 I 1,174
462 I
954
Price, retail composite, 38 cities^
8.41
8.58
8.57
dol. per short ton..
8.13
Prices, wholesale:
4.229
4. 237
4. 324
4.337
4. 320
4. 359
4.336
Composite, mine run.dol. per short ton..
4.303
4.289
4.217
Preparod sizes (composite)
4.498
4.451
4.336
4.508
4. 683
4. 612
4.302
4.528
4.547
4.340
dol. per short ton..
4.303
4.346 i 4.428
37, 768
33, 404 35, 388
41, 375
39, 330
28, 541
Productiont
thous. of short tons.. 37, 200 25, 038
31, 233
30,318
29,300 I 32,054 j 33,240
Stocks, consumers, and retail dealers, end
34,
575
40,
904
39,
553
39,911
29,542
37,017
33,
052
28,
083
26,
596
28,
073
of month
thous. of short tons..
28,753
30,126 \ a 32, 071
COKE
67
54
54
32
44
43 !
24
Exports
thous. of long tons..
67
58
34
20
62
69
Price, furnace, Connellsville
3.64
3.33
3.61
3. 58
3.58
3.88
3. 58
3.58
dol. per short ton_.
3.58
3.58
3.55 I
3.58
Production:
164
100
119
142
153
84
109
Beehivef
thous. of short tons..
93
111 i
128
3,831
2,833
3,112
3,048
3, 466
Byproductt
thous. of short tons..
3,695 !
3,718 !
3, 753
3,364
3,309
3,141
3, 257
3. 866
123
119
108
109
Petroleum
thous. of short tons..
120
|
122
|
113
lOfi
120
108
105
121
Stocks, end of month:
2,034
1, 274
S 130
2,975
3,026
1,444
2,780
2, 110
1,586
Byproduct plants
thous. of short tons..
1, 695
1, 702
1, 986
1,816 i
454
334
427
389
Petroleum, refinery--thous. of short tons..
367
382
360
382
360 !
409
399 j
408
PETROLEUM AND PRODUCTS
j
Crude petroleum:
<
85,132
83, 347
83,180
84,992
85, 776
81, 523
85, 286
84, 545
90, 037
Consumption (run to stills)-thous. of bbl—!
89, 003
91,709 i 93,444
2,870
2,815
2,128
2,256
2, 758
3, 161
2, 183
2, 864
Imports#
thous. of bbl—! 2, 629
2, 661
2,872
2,591
2.871
.940
.940
.940
1.015
1.040
Price, Kansas-Oklahoma
dol. per bbl.-j 1.040
.940
1. 040
1.040
1.040
1.040
1.040
1.040
84,109
88,160
86, 476 88,711
82, 120
88, 820
90, 568
90, 479
93, 739
Productionf§
thous. of bbL.j
90,185
92,078
95, 090
74
73
73
76
74
75
76
73
Refinery operations
pet. of capacity,.!
79
80
ox
Stocks, end of month:
j
California:
j
Heavy crude and fuel oil§
59, 388
58,518
60, 075 61, 227
62, 802
63, 536
thous. of bbl—
63,341
63,729
63, 792
63,717
64, 382 64, 825
35, 591
34, 981
37, 646 38,944
40, 640
40, 275
Light crude§
thous. of bbl..
39, 856
39.338
38, 878
37, 856
36, 781 35, 476
274,
568
278,643
270,
906 268, 781 265.195 263, 436 266, 092 268. 560 268, 650 265, 554 262, 013 258, 685
East of California, totalt§.thous. of bbl..
6
51,751
53, 710
50, 495 49,089
48, 789
47, 686
53,053
Refraeriesfl—
thous. of bbl..
51, 741
53. 989
53, 221 51,691
53, 628
Tank farms and pipe linesf§
224, 933 222, 817 220, 411 >219,692 216, 406 215,750 214,351 215, 507 214. 661 211,926 208, 792 206, 994
thous. of bbl...
1,243
1,286
1,318
1,149
1,199
995
1,287
1,557
Wells completedf§
..number..
1,567
1,654
<• 1, 788 1,566
defined products:
Gas and fuel oils:
Consumption:
Electric power plantsf._thous. of bbl—
1,044
1,166
1,102
1,132
1,093
1.124
975
995
1,014
1,257
1,156
"1,228 ° 1,311
3,366
3,898
3,682
3,773
3,827
3,795
Railroads
thous. of bbl_.
3, 878
3,810
3,864
3,811
2,740
2,560
2,329
2, 690
Vessels, bunker
„thous. of bbl._ 1,248
2,400
2,590
2,643
3, 005
3,184
3,193
2,992
2,897
Price, fuel oil, Oklahoma, 24-26 refineries
.700
.750
.740
.713
.725
.800
dol. per bbL.
.756
.800
.800
.800
.785
.763
.750
Production:
22, 652 23, 278
21, 495
25,005
23,751
24, 573
23. 667
Residual fuel oil*f§
thous. of bbl..
23, 062
23, 925
22,499
23, 144 23,287
Gas, oil and distillate fuels* t§
9,068
8,885
9,885
11,125
10, 587
10, 262
9, 553
thous. of bbl..
10, 169
9, 567
10, 323 10, 627
Stocks:
Residual fuel oil, east of California*t§
27, 351
26, 265
25, 509
18,027
22,827
20, 281
17, 529
16, 996
thous. of bbl..
18, 293
18,506
19, 525 20,379
Gas, oil and distillate fuels, total*§
24, 272
24,299
23, 263
15, 322
17, 418
19,930
17.031
thous. of bbl—
15, 746
19,910
22, 475
24, 814 27, 645
Gasoline:
41,401
37,862
35, 956
27,216
33, 734
32, 553
35,871
Consumptionf§
.thous. of bbl_.
38,825
42, 007
44,630 <* 46, 638 46, 081
2,195
2,760
2,678
2,946
1,435
2,216
1,404
Exports*
thous. of bbl..
2, 140
2,308
2,368
2,167
2,029
1,755
Exports, value. (See Foreign trade.)
Price, wholesale:
.173
173
.173
.150
.166
.165
.154
.165
Drums, delivered* N. Y—dol. per gal..
.165
. 165
.165
. 155
.150
.056
.061
.056
.056
.056
Refinery, Oklahoma
dol. per gal.055
.060
.060
.060
.060
.060
.060
.059
Price, retail, service station, 50 cities
.134
.137
.142
.137
.135
.139
dol. per gal—
.143
.143
.143
Production:
3,202
3,574
3, 598
3,196
3,654
At natural gas plantsf§-thous. of bbl—
3,653
3,378
3, 265
3, 275
3,217
3, 355
3,507
37,176
41, 956 40, 260
40,667
39,544
At refineriesf§
thous. of bbl..
39,817
38, 764
39, 902
41,612
41,951
43, 500 44, 568
Retail distribution (41 States) t
1,174
833
1,093
1,007
1,204
1,091
mills, of gaL.
1,148
1,239
1,324
1,406
1,372
Stocks, end of month:
1, 945
1,743
2,760
1, 645
1,833
At natural gas plants§ thous. of bbl__
2,442
2, 172
2, 641
2, P46
2,973
• 2, 921 2,753
44,612
31, 328
At refineriesf§
thous. of bbl '
27,166
44, 361
36,158
45, 799
42, 527
39, 050
35, 062 33, 417
27, 280 28,043
•h Revised.
Figures revised to reflect transfers between pipeline and refinery stocks beginning December 1935.
t Revised, series. For revisions refer to the indicated pages of the monthly issues, as follows: 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 and 1935. Revisions not shown on p. 43 of the June 1935 issue and p.'46 of the May 1936 issue will appear
in a subsequent issue. 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. For 1935 revisions see p 46 of the March 1936 issue. Beehive and byproduct coke for 1932, p. 43 of the Dec. 1933 issue,
and for 1933 revisions see p. 43, July 1934. Data for 1934 and 1935 also revised, revisions not shown in the .luly 1935 and the August 1936 issues will appear in a subsequent
issue. Crude petroleum production, stocks, east of California (total), at refineries aud 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. Dfta also revised for 1934. Revisions for months Dot shown for 1934 on p. 44 of the June 1935 issue will appear in a subsequent issue. Data revised for 1935; see p 46 of the May 1936 issue. Production of

I

§ Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 193" issue.
• Data revised for 1933, see p. 20 of the September 1934 issue; for 1934 revisions see p 19 of the December 1935 issue.
* 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
1 Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price will be shown quarterly.
A Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports.




November 1936

47

SURVEY OF CURRENT BUSINESS

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecemOctober Novemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1938
January

February

March

April

May

June

July

August

FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS—
Continued
Befined products—Continued.
Kerosene:
Consumptiont§
thous. of bbl..
Exports
thous. of bbL.
Price, 150° water white, refinery, Pa.
dol. per gal..
Production!
thous. of bbL.
Stocks, end of month§
thous. of bbL.
Lubricating oil:
Consumption!!
thous. of bbL.
Price, cylinder oil, refinery, Pa.
dol. per gal..
Production!
thous. of bbL.
Stocks, refinery, end of month §
thous. of bbL.
Other products:
Asphalt:
Importsf
thous. of short tons.
Production!!
thous. of short tons..
Stocks, refinery, end of month
thous. of short tons.
Coke. (See Coke.)
Wax:
Production
.thous. of lb.
Stocks, refinery, end of mo§
thous. of lb_

590
.050

.155

3,892
750

4,520
370

4,724
585

5,081
497

5, 569
473

4, 785
455

4,098
435

3,914
512

4,035
380

3,075
664

3,019
474

3,218
607

.049
4,498
9,238

.049
4,978
9,318

.049
4,878
8,879

. 050
4, 624
7,915

.05!
4.761

. 055
4, 445
5, 784

.055
4,741
5,974

.056
4. 953
6, 496

. 05!)
4, 626
6, 681

. 055
4, 376
7,296

.052
4, 455
8, 228

4,297
8, C90

1,697

1,820

1,576

1, 433

1,520

1, 863

2,197

2, 028

1,969

2,123

1,851

.120
2, 357

.120
2, 463

.120
2, 453

. 120
2,484

.135
2, 515

.139
2,687

.149
2, 768

.154
2, 509

.155
2,626

.155
2,668

6,607

6,612

6,857

7,025

. 120
2, 309
7,127

. 126
2, 204
7,385

7,137

7,044

6,884

6,799

6,620

6,730

7
343

351

12
248

3
203

!
198

1
179

1
261

1
319

4
377

3
407

1
426

1
491

354

341

377

405

463

526

542

546

488

389

6, 599
1, 396

.049

36,400

39,200

41, 720

40,320

44,800

36,120

42, 280

39, 480

40, 320

38, 920

34, 720

35, 000

131, 560

124, 557

120, 398

114,675

118,636

118,312

119, 684

121, 857

121,416

117,362

418,257

116,888

LEATHER AND PRODUCTS
HIDES AND SKINS
26, 255
27,152
28. 264
28, 963
28,116
25, 216
27, 690
27,786
25, 373
25, 056
26, 050
Imports, total hides and skinst#-thous- of lb_. 22,442
23, 013
2,291
2, 035
2.390
1, 354
1,215
2, 336
1,967
1,960
2, 236
2,225
1, 434
2, 015
Calf and kip skins.
...thous of lb_.
1, 0G8
11, !53
13, 498
12. 768
13,063
12,613
10,2%
11,63!
9,429
12,670
11,712
13,145
10, 869
Cattle hides
__.
..thous. of lb_.
12,004
6, 492
5,573
6. 042
8, 506
7,911
6, 299
8, 292
5,183
5, 574
6,133
5, 690
6, 452
Goatskins
...thous. of lb._
5, 024
3,872
3, 265
3,499
4,668
2, 685
4,809
2, 549
4,354
5,827
3,146
5, 989
4,792
Sheep and lamb skins
thous. of lb_.
3,521
Livestock, inspected slaughter:
481
465
405
483
525
503
480
517
553
458
531
CalvesA
thous. of animals..
523
541
892
742
763
906
812
956
78f>
853
1,083
1,071
886
928
CattleA
thous. of animals..
1,012
2,874
2,319
2,617
2,422
3, 428
2, 559
2,135
2, 579
1,453
2, 759
2,403
2, 692
Hogs
thous. of animals..
2,254
1,369
1,314
1,374
1,407
1,267
1,765
1, 540
1,549
1, 213
1,593
1, 309
1,352
SheepA
thous. of animals.1,395
Prices, wholesale:
Packers, heavy native steers, Chicago
.150
.148
.146
.130
.130
.157
.154
. 123
.125
.143
.147
dol. per lb —
.124
.131
Calfskins, packer's 8 to 15 lbs., Chicago
.175
.191
.180
.181
.188
.176
.171
.181
.177
.172
.158
.170
.174
dol. per lb..
Exports:
LEATHER
241
144
226
146
210
310
333
410
510
430
368
110
176
Sole leather
thous. of lb..
4,846
5,284
5,121
5,044
5,234
5,107
8,563
3,603
5, 566
4,180
4,787
8,571
Upper leatherf0
thous. of sq. ft_- 5,973
Production:
1,289
1, 134
1,092
1,195
1,002
960
1,051
1,046
1,227
1,253
998
1,199
Calf and kip*
thous. of skins..
1,865
1,924
1, 943
1, 856
1,908
1,957
1,844
2, 062
1,723
1, 657 « 1, 834
1, 693
Cattle hides*f
thous. of hides..
3,
900
3,989
4,393
4,
168
3,
786
3.
757
4,126
4,018
4,562
4,055
3,993
3,
990
Goat and kid*J
thous. of skins..
3,378
«
3,
237
3,135
3,
153
2,824
3,628
3,125
2, 925
4,111
2,849
3,061
2,897
Sheep and lamb*fj
thous. of skins..
Prices, wholesale:
Sole, oak, scoured backs (Boston)
.33
.33
.39
.39
.39
.37
.36
.37
.35
.36
.36
.35
.33
dol. perlb-.
Upper, composite, chrome, calf, black,
.372
.382
.370
.382
.380
.380
.386
.378
.373
.380
.378
.380
.378
" B " grade
dol. persq. ft._
Stocks of cattle hides and leathers (all kinds)
end of month:
1
17, 687
17,459
17 735
18, 077
17, 789
17, 797
18,008
17, 786
17,845
17, 851
17, 941
17, 827
Total*!
thous. of equiv. hides.In process and finished*
11,188
11, 377
11, 576
11,273
11,402
11,568
11,655
11,734
11,779
11. 874 ' 11, 676 11, 423
thous. of equiv. hides. .
« 6,011
6,036
6,547
6,213
6,700
6,606
6,218
6, 142
6,578
6,111
6,067
6, 048
Raw*!
thous. of equiv. hides..
LEATHER MANUFACTURES
Gloves and mittens:
255, 792 286, 857 253, 795 163 467 »147.776 i 183, 485 1 205,081 »203,126 201, 375 1203, 250 •1220,474 242, 741
Production (cut), total*
dozen pairs.94, 725 '82.884 » 109, 573 ' 117,791 U17.320 '121,661 1126, 406 '1139,173 153, 229
142, 230 178, 372 168, 487
Dress and semidress*
..dozen pairs..
68,742 i 64,892 » 73,912 ' 87, 290 i 85, 806
85, 308
113, 562 108,485
Work*
dozen pairs
'9.714 i 76, 844 «i 81,301 i 89, 512
Shoes:
65
43
82
106
73
82
103
97
188
112
104
Exports
-thous. of pairs..
149
106
Prices, wholesale:
Men's black calf blucher,
5.50
5.50
5.50
5.50
5.50
5.50
factory
dol. per pair..
5.50
5.50
5.50
5.50
5.50
'5.50
5.50
Men's black calf oxford,
4.44
4.50
4.35
4.31
4.50
4.50
4.25
factory
...dol. per pair..
4.50
4.50
4.50
4.50
4 50
4.50
Women's colored blucher,*
3. 13
3.10
3.10
3.15
factory
..dol. per pair..
3.10
3. 15
3.15
3.15
3.15
3.15
3.15
3.15
3. 15
°1 Revised.
Data for 234 manufacturers not available for these months. Figures shown are computed by means of the month-to-month percentage change indicated by the current
Census Bureau report for 228 identical concerns.
_
Hides from cattle allotted to State relief
n", therefore, that a quantity of hides
t Data on production of sheep and lamb and goat and kid leathers from 1927-34 have been revised For revisions not shown on p. 44 of the April 1935 issue see p. 19
of the June 1935 issue.
* 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 lambs, relief slaughter only affected the data for 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, for 1934 revisions see p. 20 of the December 1935 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
...... manufactures
,
. . ,the
. . TT
,~
.
r,
. . Census.
~
Data prior
to„ July
on gloves and mittens cover 234 identical
as reported„ .to
U. «
S. ~
Department of
Commerce,
Bureau of, .the
„_.„ 1934 are not availr
able. These data are not comparable with data through January 1934 previously shown. New series on wholesale price of women's shoes began January 1934. Data not
shown on p. 47 of the March 1936 issue will appear in a subsequent issue.
t Revised series. For earlier data refer to the indicated pages of the monthly issues. Production of cattle, sheep, and lamb leather for 1932 and 1933, p. 44, April 1934.
Production of cattle hides revised for 1935, p. 47 of the April 1936 issue. Imports of total hides and skins for 1932, exports of upper leather for 1932, p. 43, June 1933. Production
of asphalt for 1932 and consumption of kerosene and lubricating oil, for 1932, see p. 56 of the November 1933 issue.

• Data revised for 1933. See p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of the December 1935 issue.



48

SURVEY OF CURRENT BUSINESS

November i936

19;* 5

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

DecemOctober NoveraJanuary
bor
ber

February

March

April I May

June

July

August

34,159
8, 223
1,264
14,441
3. 237
2, 726
4, 268

32, 688
8, 027
1,221
13,042
3,154
2, 904
4, 339

29 807
7. 219
1, 031
11 906
2. 476
3. 139
4, 036

29, 007
7,558
1, 309
10, 463
2,307
3,695
3,674

35, 210
8,738
1,556
14,289
3,043
4,484
3, 100

« 40, 225
« 9, 296
a
1, 565
« 17, 509
a
3, 437
a
5,192

66,073 I 90,328

95,230

85, 813

LEATHER ANT) PRODUCTS—Continued
LEATHER, MANUFACTURES—Cont. |
Shoes—Continued.
Production, totalf
thous.
Men'st
__thous.
Boys' and youths'f
thous.
Women'st
thous.
Misses' and children'st—thous.
Slippers, all typest
thous.
All other footwear!
. .thous

j
of pairs. |
of pairs. I
of pairs, j
of pairs.- j
of pairs. |
of pairs., i
of pairs I

33,909
8,391
1,502
13,275
2,998
4,857
2,887

40, 097
9,527
1,595
16,458
3,336
5,773
3,409

35,948
9,918
1,721
11,813
3,186
6,124
3,185

27,715
8,161
1, 330
7,034
2, 673
5,570
2,947

28, 949
8,440
1, 354
9, 794
2,869
3,277
3.214

32, 420
9.043
1, 267
13, 436
3,292
1, 633
3,749

32,142
8,313
1,130
13, 843
3,007
2,140
3.709

LUMBER AND MANUFACTURES
LUMBER—ALL TYPES

\

Exports (boards, planks, and scantlings)* • |
M ft. b. m..; 82,409
National Lumber Mfgrs. Assn : ± %
Production, total
..mill. ft. b. m ;
Hardwoods
..mill. ft. b. m_.i
Softwoods
. _ _ — m i l l , ft. b. m_.
Shipments, total
mill, ft. b. m . ;
Hardwoods
___rnill. ft. b. m. j
Softwoods
mill. ft. b. ni__ j —
Stocks, gross, end of month total:
!
mill. ft. b. m |___
Hardwoods
mill. ft. b. m 5
Softwoods
mill. ft. b. m.. j . . _
Retail movement:
j
Retail yards, Ninth Fed. Res. Dist.:
j
Sales
M ft. b. m_J 12,842
Stocks, end of month
M ft. b. m . J 72,208
Retail yards, Tenth Fed. Res. Dist.:
j
Sale*
_ . - M ft. b. m__j 3,536
Stocks, end of month
M ft. b. m__ 31,349
Flooring
Maple, beech, and birch:
Orders:
NPW._

Unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month

81, 752

77,810

83, 258

89, 265

96, 053

89, 904

83,255

1,750
293
1,457
1, 643
259
1,384

1,971
302
1, 669
1,782
270
1,512

1, 620
273
1,347
1,489
262
1, 227

1,422
207
1,215
1,331
220
1,111

1,490
229
1,261
1,569
23 S
1, [-:-.]

1,353
215
1,138
1,467
238
1, 229

1, 587
244
1, 343
1, 688
281
1,407

1,865
253
1,613
1,932
207
1,665

1,891
253
1. 638
1,821
259
1,502

1,896
273
1,623
1, K46
257
1,589

6,967
1,993
4,974

7,121 j
1,943
5,178 ;

7,235
1,935
5,300

7,273
1,915
5,358

7,203 j 7,103
1,905 ! 1, 882
5,298 ! 5, 221

6, 998
1,843
5,155

6, 933
1, 836
5, 097

7,013
7,060
1,832
1,845
5,181 I 5,215

2,374 I 4,329 I 7, 210
77,713 ' 81,490 I 81,851

13,192
72,456

11,827
12,042
77,794 ! 74,909

3,437
32,459

3,840 j 4,137
31,894 i 31,445

3,493
13,159
4,437
5. 528
18.717

5,185
12, 396
4,720
5,818
17,115

5, 056
6, 046
18, 8S4
10, 061
5, 259
5, 964
6,777 j 6,526
15,672
15,902

23,622
28, 564
30. 273
28, 579
61, 655

30, 576
27, 523
32,031
31,617
62,069

29,463
26, 863
32,980
30,123
64,926

32,953
29, 408
30, 872
30, 408
65, 390

28,714
I 14,612

27,331
18,312

32,063
23,629

27, 670
19, 456

83,150

«9,868
70,228

14,125
64,942

8,676
63,137

4, 594
61, 365

2,882
27,902

3,354
28,164

3, 061
27, 708

2.415
28,637

M ft. b. m._
7,475
M ft. b. m_. 10, 984
6, 247
M ft. b. m . .
-_M ft. b. m__ 6,486
M ft. b. m_. 15, 603

3,917
4,989
4,276
4,035
19, 638

4, 634
4,763
5,584
4,891
20,497

4,514
4,683
5,109
4,609
21,023

6,980
5,768
fl, 444 9,368
4,279
4, 263
3, 997
3, 879
21,878
21, 209

5,989
11,303 i
4,123 !
3,936 '
21, 077

10,138
16, 456
4,462
5,324
20, 645

40, 671
36, 647
32, 378
33, 432
64,336

19, 459
13.065
19,467
17, 402
54,475

24, 383
14,347
21,642
23, 475
52,843

25,125
19, 925
20,823
19, 547
54,119

25, 064
25. 492
24,203
19, 497
58,825

40, 675
52. 892
21,831
23,081
60,115

19, 381 19,211
43,793 i 33, 521
27,607 I 30, 701
28, 479 29, 483
58, 683 59,961 I

;

3, 677
70,834

10,227
79, 392
2,884
2,168 3,752 ! 4.191 3, 627
29, 794 j 32,009 ! 32, 396
32,143 32, 426

2,055 |

i,nf|
1,914 !
259 |
1, 655 j

7,200 I
1,866 i
5,334 !

1,990
283
1,706
1, S67
207
1,600
7,358
1, 883
5, 47«

|
!

M ft. b. m._
M ft. b m._
M ft. b. m._
M ft. b. m._
M ft. b. m_.

30 204
35,301
22, 783
20, 395
61,366

4, 391
15,012
5,439
5, 457
20, 033

Softwoods
Fir, Douglas:
Exports-.f
22, 677 20,227
26, 952
26.139
24,199 I 19, 542 j 23, 498 40,462
Lumber*
M ft. b. m._ 28,920
14,548
21,931
36, 486
23,456 I 19,455 j 12,985
17,577
23,371
Timber
— M ft. b. m._ 31,776
Orders:
New cf
.._-_.M
ft. b. m__
1
Unfilled, end of month J
M ft. b. m . .
Price, wholesale:
(0
No. 1 common
dol. per M ft. b. m_. 0)
0)
0)
(0
Flooring, 1 x 4 , " B " and better v. g.*
43.00
43.00
45. 00
43.33
dol. per M ft. b. ni-. 42.00
45.00 I 46.00 I 46.00
Production^
..-._M ft. b. m . .
ShipmentScT
M ft. b. in__
Pine, northern:
7,722 I 9,912
9,239 I 8, 220
9,942
9, 800 11,462
7, 350
Orders, new
M ft. b. m_. 11,228
12. 392
1,803 I
265
779
392
528
3,697
Production
M ft. b. m.. 20, 939 16,398
9,322 ' 6.535
8, 219
8, 215
10,956
9,463
Shipments
M ft. b. m_. 11, 736 11, 283 10, 119
Pine, southern:
Exports:
24,350 24, 999
27, 083 21.9S3 : 18,500
28,913
28,913 ! 22,893
Luirber§
_..M ft. b. m_. 19,9f5
3,516
5,713 | 10,492
Timheri
.
M ft. b m... 6,587
6, 302
6,184 j 7,506
7,072 ! 10,261
Orders:
New
M ft. b. m__ 153,794 120,979 143,695 128,825 124 184 mo. 424 \ 125, 758 165,856 I 162,250
90. *89 77, 275
69,962 68,010
72. 930 95. 191
Unfilled, end of month
M ft. h. m__ 69, 976 61,029
87,175
35. 75
36. 80
36. 61
36. 67
36.61 37.01
Price, flooring
dol. per M ft b. m... 37. 29
36.78 j 37.63
Production..
_
M ft. b. m . . 142,668 125, 132 148,566 134.190 125,928 141.3!/: I 124,541 148,226 355,187
Shipments
_
M ft. b. m... 157, 220 120,818 145,970 128,570 105, 743 i21.,632 I 125,416 160,755 170,416
Redwood, California:!
Orders:
25,411
29, 593 27,456 i 28,514
New
.
M ft. b. m._ 34,426
29.579 I 34. 054 32, 979 41, 535
26. 290 27,446 I 31,097
24,819
35,818 ! 44, 489 43, 049 49,143
Unfilled
.
M ft. b. m_. 33.781
37,318
33. 754 38, 073 33,187 \ 30.369
37, 584
31,318 i 32,185
Production
M ft. b. m__ 38,928
27,068 I 24,711
34, 327 35, 562
Shipments..
M ft. b. m_. 36, 390 25, 628 27, 952 25,761 1 23.716

0) I 0 ) I

(0

j

45.00 I

G)

0)

43. 00

42. 00

9,016
16. 892
11,364

11,570
23, 213
12, 505

10,681 I 10,902
26,037 I 24,217
12,389 i 10,618

21, 487
6, 890

22, 826
6,358

25, 463
5,137

19. 830
4, 224

155, 822 141,349 136, 070
80. 354 67, 772 50, 301
37. 40
37.37
36. 52
158,529 145,342 143,342
160, 440 136,234 142, 184 1
31,157
44.213
37. 703
3*. 207

29, 813
39, 251
38, 700
37, 433

30,003
37,172
35,434
30,992

:
j
i
i

160, 60S
72, 324
36.61
140, 986
140, 057
32,201
30, 608
38,939
33,477

• Revised.
* D a t a temporarily discontinued.
• N e w series. For data on lumber exports for period of J a n u a r y 1919 to September 1932, see p . 20 of the November 1932 issue. See special footnote below on lumber
production, shipments, and stocks.
t Data revised for 1932, see p . 44 of the J u n e 1933 issue, exports of Douglas fir lumber a n d timber. Boot and shoe production for 1934, p . 45, M a r c h 1935 issue, for 1935
revision see p . 4>> of the M a r c h 1936 issue.
• D a t a revised for 1933. See p . 20 of the September 1934 issue; for 1934 revisions see p . 19 of the December 1935 issue.
A N e w series on lumber production, shipments, and stocks compiled by National Lumber Manufacturers' Association a n d represent an estimate of t h e total lumber
cut based on monthly reports received from regional associations covering between 80 a n d 90 percent of the total cut in 1934 a n d 70 to 80 percent in 1935. N o comparable
figures are available prior to J a n u a r y 1934.
^ Series have been revised for period J a n u a r y 1934-October 1935. These are shown on p. 20 of the February 1936 issue.
t Beginning with J a n u a r y 1934 the report includes all known operators; prior to t h a t time approximately 89 percent of the listed capacity.
§ Data revised for 1932. For revisions of exports of Southern pine lumber and timber, see p . 45 of the June 1933 issue. D a t a revised for 1933, see p . 20 of t h e September
1934 issue. For 1934 revisions see p . 19 of the December 1935 issue.
c? N e w series covering these items will be shown in a subsequent issue.




49

SURVEY OF CURRENT BUSINESS

November 1936
1930

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- December
ber
ber
ber

January

February

March

April j May '

June

July

August

LUMBER AND MANUFACTURES—Continued
FURNITURE
Household:
All districts:
Plant operations*
percent of normal...
Grand Rapids district:
Orders:
Canceled
percent of new orders..
New
no. of days' production..
Unfilled, end of month
no. of days' production._
Outstanding accounts, end of month
no. of days' sales..
Plant operations!
percent of normal..
Shipments
no. of days' production..
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.)

81.0

61.0

62.0

61.0

59.0

60.0

58.0

58.0

59.0

59.0 I

65.0

68.0

74. 0

5.0
23

4.0
15

6.0
14

8.0
15

13.5

3.0
19

9.0
12

10.0

6.0
9

5.0
18

5.0
12

3.5
23

3.C
21

17

25

20
56.0
11

21

25

58.0

60. 5

15

63.5
16

8

13

33

19

16

16

12

18

16

13

30

21

24

24

21

22

22

24

73.0

55.0

56.0

58.0

57.0

57.0

57.0

57.0

13

22
54.0
11

71.1
84.0
83.5
87.5

66.3
89.9
86.0
76.6

66.3
89.9
86.0
76.6

66.3
89.9
86.0
78.0

66.3
89.9
86.0
78.0

67.5
84.0
83.5
87.5

67.5
84.0
83.5
87.5

67.5
84.0
83.5
87.5

67.5
84.0
83.5
87.5

67.5
84.0
83.5
87.5

67.5
84.0
83.5
87.5

67.9
84. 0
83.5
87.5

70.4
84.0
83. 5
87. 5

18

12

14

13

11

12

12

11 |

11

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade, iron and steel:
Exports§
..long tons.. 235, 764
Imports*^
long tons.- 59, 993
Price, iron and steel, composite*
34.15
dol. per long ton..
Ore
Iron ore:
Consumption by furnaces
4,027
thous. of long tons...
Imports^
thous. of long tons.25S
Receipts:
Lake Erie ports and furnaces
thous. of long tons-.
5,383
Other ports
thous. of long tons..
1,904
Shipments from upper Lake ports
7,481
thous. of long tons..
Stocks, total, end of month
thous of long tons-. 31,978
At furnaces
thous. of long tons_- 27, 555
4,422
Lake Erie docks
thous. of long tons_
Manganese ore, imports (manganese content)*
thous. of long tons..

244, 419
53,158

238, 358
59, 569

205, 242
56, 637

239.269
53,678

241, 56:
50,48!

213, 802
43, 358

264,337
56, 720

301,987
49,277

314, 950
59,391

294, 951
59, 910

296, 738
47, 940

295, 341
60, 697

32.82

32.84

33.15

33.31

33. 34

33.48

33.21

33.10

32. 92

32.79

33.49

33. 88

2,654
165

2,911
114

3,026
158

3,101
138

2,952
154

2,632
125

2,898
132

3,485
177

3,882
199

3, 763
170

3, 826
198

3, 250
1,349

3,162
1,453

1,472
557

0
0

0
0

2, 651
1,409

4, 692
1,931

5, 064
2,148
7,160

7, 444

19,370 i 19, 242
15,240
15, 269
4,130
3,974
1
19
36

23,107
18,017
4,045

25,211
21,194
4,017

28,158
24, 008
4, 150

4,818

4, 601

1, 557

33,469
28, 512
4,957

35,115
29, 756
5, 359

34, 277
28, 964
5,313

16

19

44, 361
46, 552
57.0
40, 194

35. 658
36. 996
44. 7
33, 442

45, 246
43. 467
51.0
40,132

47,778
42,573
44.277
45.598
53.1 I
55.0
41,434 | 43,942

94,140
155

59, 250
104

67, 655
116

19.00
19. 8G

18 00
18 96

18. 00
18. 99

21. 39
2, 730

on -to
1,776 !

on

1.978

b

3, 969
234
5, 120
2,005

0

0

25,809
20, 904
4,904

22, 933
18, 199
4,734

30

21

43,852
48,198
57.1
43,386

38,278
40,611
49.9
39,384

48,008
45, 536
55. 9
46, 823

47,933
50, 954
62.6
51,840

44,136
45,027
55.3
48, 854

42, 848
43, 766
53. 9
46, 489

41, 031
44, 413
53. 3
46,158

45, 179
42, 253
52.0
35, 554

70.095 I 66.825 I 63,660
122 !
120
117

64, 550
120

68, 395
126

84,915
144

86, 030
146

85, 405
145

83, 720
146

88, 075
148

19 00
19.96

19.00 I
19.00 19.00
19.96 19.96
19.96

19. 00
19. 96

19.00
19.96

19.00
19.96

19.00
19. 96

19.00
19. 9G

19.00
19.80

21. 39
2, 066

21.39
2,106

21.39
1,824

21 39
2, 040

21. 39
2,404

21. 39
2, 648

21. 39
2, 586

21.39
2, 594

21.39

31,342
26,248
5,093

28, 404
23, 434
4,970

19

5,050

29

fron, Crude and Semimanufactured
Castings, malleable:*
Orders, new
short tons~Production
short tons-.
Percpnt of capacity
Shipments
.
short tons-Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day..
Number
.
Prices, wholesale:
Basic (valley furnace)~.do!. per long ton..
Composite pig iron
.dol per long ton_.
Foundry, no. 2, northern (Pitts.)
dol. per long ton...
Production
.-thous. of long tons..

<M

21.39
2,026

Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, range:f
Orders:
New..
n u m b e r of boilers..
Unfilled, end of m o n t h , totalf
n u m b e r of boilers..
Production...
n u m b e r of bojlersShipTnents
. n u m b e r of boilers
Stocks, end of m o n t h n u m b e r of boilers.Boilers, round:
Production
.
thous. of lb...
Shipments
thous. of l b . Stor'ks, end of m o n t h
thous. of lb...
Boilers, square:
Production
. . t h o u s . of l b - .
Shipments
.
thous. of l b . .
Stocks, end of m o n t h
thous. of l b . .

64,845

83,929 | 64.341

22, 300 | 25 644 ! 25,647
61,«08 I 84,328 I 63.500
66,051
80,59! I 64.338
37.753
41,490 I 40,652
:

4,121 |
6,879 !
38,361 i

6,467
9.485
35, 389

55,136
i
!
i
i

70,890 | 62,143

31,999
25, 545
57,723
05,409
48,726 j 77,344
49.625 I 37,690

57,6?I

r

? > 3S2
63 f"* ' 01 J_~
62, *oo |
41,012 , H >>2

177
77}

45,

i

3, 784
4, 957
34.377

17,487
20,906 ! 27,425
20, 325
31,761 | 41.380
126,889 ' 115.096 i 112. 592

3, 287
4.018
33,644

2,977
3 343
3,120
2 I3~
34, 106 i 3 0 r j

18,941 i 17,599
10,330 I 13,786
114,019 ! 114,696 i 11" 2)

3> 12*

2A
41 S

IS 1~Y
I1 12*
i*/" 2 7 1

* N e w series. D a t a on furniture activity, all districts, prior to April 1933 not published. For i m p o r t ul <r >n uw' M u stt ,> ,
\o\f,r her
malleable castings, p . 20 of the April 1933 issue. N e w series on iron and steel composite price was shown on p i(> of t h t I n u r< i'
^.
§ For 1032. 1033, and 1934 revisions, see p . 45 of the June 1933 issue, p . 20 of the September 1934 issue, and \ 19 r f tht Dt «.e in er 1QJ i ^ u e r< \ u f ivc'y
t Revised. Data prior to April 1933 n o t published on plant operations. For range boilers, see p . 20 cf the Ju!> 1934 issue.
* I m p o r t s from Cuba n o t included.
* See footnote on p . 37 of this issue. F o r 1933 e n d 1934 revisions, see p . 20 of the October 1934 issue a n d p . 20 of the December 1935 issue, respectively.
*| Distribution of unfilled orders of deliveries of 30 days or less a n d deliveries of more than 30 days has been discontinued by the reporting source.




i i_

_ >

>stiP f( r

50

SURVEY OF CURRENT BUSINESS

November 1936

1930

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

1936
December

epte rube r

METALS AND

January

February

May

April

June

July

! August

MANUFACTURES—Continued

IRON AND STEEL—Continued

Iron, Manufactured Products—Con.
Cast-iron boilers and radiators—Continued
Boiler fittings, cast iron:
Production
short tons
Shipments
short tons
Boiler fittings, malleable:
Production
?hort tons
Shipments
short tons
Radiators:

8,211
9,613

5, 860
6 330

7,451
8, 454

6, 835
6 620

5, 589
4,248

5, 730
5. 194

5,107
5,217

5, 721
5, 325

6 032
5 940

5. 768
5,923

5,981
6,132

6.414
7, 090

7 160
9, 529

5. 200
5, 454

3. H27
3, 392

4, 102
4, 670

4, 532
4, 357

3. 794
2. 503

3, 970
3, 393

3.982
3,475

3,817
3 663

4, 296
4 9 01

4,196
4,442

4,173
4 202

4, 233
4, 404

4,225
5 697

thous. of sq. ft. heating surface..
Shipments
thous. of sq. ft. heating surface.

7,917

5,U37 j

7,430

5,037

4, 706

4,733

4,951

5, 046

6,345

6,253

5,931

6,821

7.487

9, 190

7,701

10,055

6,616

5.413

4, 183

3, 086

2,720

3, 549

4,175

5,590

8,027

7,785

thous. of sq. ft. heating surface..
Radiators, convection type:*
New orders:
Heating elements only, without cabinets or grilles
thous of sq. ft. heating surface?...
Heating elements, including cabinets
and grilles
thous. of sq. ft. heating surfacej..

38, 210

33,853

31,493

30, 000

29, 420

30,243

32, 224

34, 779

36, 997

40, 368

40,179

39,223

39, 246

106

59

114

113

60

145

62

63

51

74

84

101

140

448

187

231

170

130

136

121

117

202

233

349

441

415

341,770
312,007
UK), 018

362, 580
326, 585
407, 886

464,176
408, 402
387,233

292, 770
283.996
393,481

266, 574
216.910
488, 747

300, 108
254, 473
526,, 039

370, 732
335. 338
553,141

447, 533
386, 783
587, 891

212.31

212. 19

212.11

221. 80

221.80

Sanitary Ware
Bathroom accessories:!
Production
__.number of pieces..
Shipments
number of pieces...
Stocks, end of month
number of pieces..
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars
Porcelain enameled flatware:
Orders, new, t o t a l . .
dollars...
Signs
dollars .
Table tops
dollars..
Shipments total
dollars
Signs
dollars.Table tops
dollars..
Porcelain plumbing fixtures:
New, netnumber
Unfilled, end of month
number
Shipments
- number
Stocks, end of month -.number
Vitreous-china plumbing fixtures:
New, net
number
Unfilled, end of month
number
Shipments
_ number
Stocks, end of month.--number

221.9".

207. 70

207. 80

208. 13

208.18

«209.50

212.25

,119,743
235,017

•522, 997
213.599
245, 107
830.241
243, 535
222, 447

937, 394
257, 005
258, 369
949,349
218,000
298, 499

816,050
236, 380
195,795
817,866
249, 153
195, 707

751,629
191.827
236, 173
676, 656
196,287
169,096

773. 108
283, 239
197, 974
666, 820
172,813
194, 726

786, 380
223.994
196,817
727. 162
1P9, 453
187, 073

1,192.520
316, 116
338, 500

6

487, 942

6
466,171
h

522, 025
212. 10

877. 598 1,088.105 1,005,791
206, 115 265.338 265, 199
154,291 238.447 187, 662
908, 433 J ,076,233 1,002,735
220, 427 315,556 281, 205
176, 295 205, 747 189, 980

951, 022 1,027,198 1,105,921
257, 132
284, 068
210,834 294,' 246 355, 827
978, 254 1,055,713 1,087,682
284, 574 298. 549 285, 935
234, 884 310,063 310, 583
(2)

of pieces._

(2)

2, 864

3, 095

2,158

1,594

2, 529

2,288

1, 692

2,441

2,526

3,793

(2)

of pieces._
of pieces..
of pieces..
t

8

3, 339
3, 026
6, 635

3, 583
2,713
6, 685

2, 763
2, 746
6, 874

1,912
1,935
7, 268

2, 722
1. 597
7, 836

3,227
1, 730
8, 595

2, 753
2, 068
8, 962

3.053
1,896
9, 515

3,251
2, 195
9, 683

3,924
3, 034
9,270

8

(2)
\ (?)
2

of pieces...

(2)

179, 928

132, 378

132, 867

139,596

373,413

204, 249

165, 624

143, 323

157, 807

(2)

(2)

2

175, 140
241,678
359, 308

117, 289
190,229
424, 242

112,621
137, 535
516,677

128,020
124, 197
629, 750

281. 827
219,606
645, 898

256, 377
229, 699
642, 893

194,337
227, 664
674, 282

168,820
168,840
738,580

158,380
167, 367
826, 989

(2)

<!>

(2)

(2)

41, 049

34,439

47, 301

33. 670

32, 285

35, 097

27, 917

31.378

33,512

36, 232

4.1,178

44, 382 ,

56, 877
47.7
10, 686
76, 617
04. 2
34, 304

29, 995
25.2
5,616
35, 411
29.7
10, 568

34, 553
29.0
8, 201
42, 597
35. 7
12, 347

32,714
27.4
7,071
36, 165
30.3
10, 024

40,529
34. 0
13.919
37,793
31.7
10,076

59,019
49. 5
22, 542
44. 298
37.1
13.373

51, 701
43.4
16, 650
47, 954
40.2
15, 830

71,34.1
59.8
32, 542
51, 674
43. 3
17, 385

83,188
69. S
45, 942
63, 087
52.9
24,712

63,950
53. 6
25, 755
64, 246
53. 9
25,857

94,345
79.1
52, 466
70, 323
59.0
30, 802

4,101
73

2,825
51

3,143
53

3,150
55

3,073
56

3,046
5L

2,964
54

3,343
59

3, 942
69

4, 046

3,985
70

74,011 i 59,393
62.1 ! 49.8
21,455
34,443
78.H54 i 81,574
j
68.4
on. o ; 36,826
34, 858
3, 923 j 4,195
09 !
74

of pieces.of pieces.
of pieces.

( )
(2)

(2)

m
(2)

()

Steel, Crude and Semimanufactured
Bars, steel, cold finished, shipments
short tons..
Castings, steel:*A
Orders new total
short tons
Percent of capacity.
Railway specialties
short tons..
Production, total
short tons.
Percent of capacity
Railway specialities
short tons..
Ingots, steel:§
Production
thous. of long tons..
Percent of capacity
Prices, wholesale:
Composite, finished steel
dol. per lb.
Steel billets, Bessemer, Pittsburgh
dol per long ton_.
Structural-steel beams, Pittsburgh
dol per lb._
Steel scrap, Chicago
dol. per gross ton...
U. S. Steel Corporation:

1

71

39,931

.0241

.0243

. 0243

.0243

.0243

. 0243

. 0243

.0237

.0236

. 0236

. 0236

. 0243 |

. 0243

30.40

27.00

27. CO

28.00

29.00

29. 00

29. 00

28. 20

28.00

28. 00

28.00

30. 00

30. 00

.0.190
16. I',

,0180
12 50

.0180
12. 50

.0180
13.00

.0180
13.35

.0180
13. 38

. 0180
14.19

. 0180
14. 75

.0180
14.34

. 0180
12.88

.0181 [
12.85

. 0190
13. 38

. 019C
15.19

13 470
614,933 ! 686,741 ! 681,820

20 418
661,515

721,414

676,315

17 665
783, 552

979, 907

984,097

29, 227
886, 065

950 851

853, 986 725,748 620. 571
532, 433 790, 057 535, 514
38.9
58.9 1
40. 2
530, 433 791,469 537.947
38,001 i 36,589 ! 34,156

341.693
47S,592
36. 0
480,018
31,830

400. 608 349, 752
479.873 476. 465
35. 6
35. 9
478, 588 i 471. 481
29. 171
34, 155

341,248
578, 705
43. 3
577. 240
35, 260

299.745 400,184
650,028 ! 636.449
47.5
48.5
658, 6r>7 643,841
19, 599
26,991

452. 386
626, 599
46.8
627, 065
19,133

449,838 1 427,583
077, 402 ; 515.380
50.6 1
33.4
672, 974 518,795
23, 621 { 20,206

30, 193
Shipments, finished products*, long tons... 961,803

:

9.3,703

Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of m o n t h . . . n u m b e r . . I 456,682
Production
number ! 697,783
I 51.9
Percent of capacity
Shipments
number. I 694,331
Stocks, end of month
..
number.-. i 23,658

a
b
!
Revised.
Data covering non-vitreous clay, recessed and •mnehnblo accessories not included.
Discontinued by reporting source.
* Data on convection type radiators, prior to January 1932 not available. For earlier data on wholesale price of plumbing and heating equipment, see p. 20 of the
January 1933 issue- for steel castings, p. 20 of the October 1934 issue; and for United States Steel Corporation shipments, see p. 18 of the January 1934 issue.
X In equivalent direct radiation,
f Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue. Data on vitreous china plumbing fixtures revised beginning January
1933, see p. 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue.
A Steel casting series reviser] January 1935 by the increase of the number of companies from 164 to ISO; 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 revisions 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; for 1935, p. 50 of the June 1936 issue.




51

SUEVEY OF CUREENT BUSINESS

November 1936

1936
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, mav be found Septem- SeptemDecem- January
October Novemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1936
February

April

March

May

June

July

August

METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products -Con.
Boilers, steel, new orders:
Area.
_
thous. of sq. ft..
Quantity. ...
number of boilers..
Furniture, .steel:
j
Business group:
Orders;
New
thous of do]
Unfilled, end of month thous of <ioi
Shipments....
thous. of dol
Shelving:^
Orders:
New
thouy. of do!
Unfilled, end of month, thous. of dol
Shipments.
thous of dol
Safes:
i
Orders:
New
thous. of dol
Unfilled, end of month, thous of dol
Shipments
thous of dol
Lock washers, shipments
thous of dol
Plate, fabricated steel, new orders total
short tons
Oil storage tanks
short tons..
Sheets, black, blue, galvanized, and full fin
Ished:
Orders:
New ...
short tons
Unfilled, end of month
short tons..
Product ion, total.
short tons
Percent of capacity
...
Shipments
short tons
Stocks, end of month, total
short tons
Unsold stocks
short tons. .
Tin and terneplate:*
Production.
thous. of long tons..
Track work, production... ... short tons..

1, ('50
1,232

575
829

784
787

464
587

685
595

623
634

810
705

590
594

784
687

723
721

1,131
1,049

1,110
1,090

1,075
1,136

1, W-7
1. 033
1, 5.'0

1, 393
980
1,361

1,618
1,036
1, 562

1, 507
945
1,591

1. 520
908
1, 558

1,619
940
1,5*6

1, 427
882
1, 484

1, 667
964
1, 586

1, 583
913
1, 634

1,514
975
1,451

1, 565
1,070
1,470

1,511
918
1,511

1,517
996
1,439

433
394
425

336
210
342

348
212
346

323
206
329

370
196
379

389
243
342

325
198
371

419
235
382

378
229
384

414
262
381

448
294
416

394
358
393

448
386
420

178
220
191)

172
281
159
235

200
277
205
246

188
285
180
261

182
255
205
206

203
169
176
255

189
173
185
219

227
190
210
232

251
197
244
313

228
318
207
251

224
216
226
246

204
208
205
267

205
204
209
199

34, 302
9, 446

31, 105
3,531

30, 530
5,850

19,116
2,617

35. 584
9,341

38, 709
3,354

27, 830
5 940

29, 787
3,620

29,900
5,678

51, 257
9,311

51, 999
21,861

60, 324
9,968

'31,999

255, 557
287. 74fi
213,700
204, 285
137, 55!i
71,367

196, 423
198, 424
190,701
63. 0
176 897
142,922
76. 681

226. 209
211,452
222, 963
73.5
220. 536
146, 306
83, 200

289, 101
286, 799
224, 541
74. 1
213.453
149, 122
81. 597

203,318
299, 394
208, 774
68.9
195.077
149,213
74, 516

174, 805
267, 673
223,000
73.3
207, 437
152. 283
84,037

138, 244
231 660
191 359
>2.9
175 702
168, 572
86 971

251,818
280, 493
207, 820
68.3
209, 673
141,916
70, 648

190, 269
221.950
217, 975
71.6
252, 441
124, 239
65,783

191,511
217, 831
224, 056
73.6
210,127
138, 510
72, 333

261, 439
276, 551
210, 448
69.2
203, 853
136, 605
75, 912

192, 873
263,531
217,651
71.5
213,372
138, 884
72, 603

207, 781
237, 029
202, 456
66.5
197,156
141, 328
79,451

5, 722

2,962

3,495

3,090

3,025

3, 366

4 116

6, 258

7,031

7,314

6, 507

6,216

6, 401

0)

1,359
60
586
713

1,713
96
596
1,021

1, 833
170
854
809

1, 958
135
673
1,151

0)
0)

0)
0)

0)
0)

690
715

954
561

0)1
C)

(^

571
711

245
1, 475
471

194
1, 166
503

392
1,082
476

386
1,194
274

626
1,700
217

349

1,676
373

363
1, 723
317

128. 5
144.5
124.7

140.0
164.7
119.7

100.4
119 2
145.2

118.1
90.8
147.6

127.0
107. 5
110.4

110.4
130.4
114.5

765
648
729
565

7,275
1,487
7, 436
13,437

7,139
1,531
7, 095
14, 057

MACHINERY AND APPARATUS
Air-conditioning e q u i p m e n t : !
Orders, new total
thous. of dol .
Air-washer croup
. . t h o u s of dol. .
Fan group
thous. of dol...
Unit heater croup
- . _ . t h o u s . of dol.
Electric overhead cranes:
Orders:
New
thous. of dol...
Unfilled, end of m o n t h
thous. of dol
Shipments.
thous of dol...
Electrical e q u i p m e n t .
(See Nonferrous
metals.)
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Order's:
New
1922-24 = 100
Unfilled, end of m o n t h
1922--24 = 100..
Shipments
1922-24 = 100..
Fuel e q u i p m e n t :
Oil burners:*!
Orders:
New
no. of b u r n e r s . .
Unfilled, end o f m o n t h . n o . of burners
Shipments
no of b u r n e r s . .
Stocks, end of m o n t h
no. of burners._
Pulverized fuel equipment:
Orders, new, storage system:
Furnaces and kilns, no. of pulverizers..
Water-tube boilers, no. of pulverizers
Orders, new, unit, system:
Fire-tube boilers.. .no. of pulverizers.
Furnaces and kilns no. of pulverizers..
Water-tube boilers.no. of pulverizers.
Stokers, mechanical, new orders:^
Class 1, residential.
number..
Class 2, a p a r t m e n t and small commercial
number .
Class 3, general commercial and small
commercial heaters
number., j
Class 4, large commercial:
i
Number
|
Horsepower.
i
M a c h i n e tools:*
j
Orders:
New*
avg. mo. shipments 1926=100.
Pumps:
Domestic, water, shipments:!
Pitcher, hand, and windmill
units.
Power, horizontal t y p e .
units.
Measuring and dispensing, shipments:
Gasoline:
Hand-operated
..units
Power
units.
Oil, grease, and other:
Hand-operated
units..
Power
units"

0)
983
1,013

161.0
162.8
150.5

34,
3,
35,
16,

893
092
025
444

29, 090
3, 807
27, 143
11,631

0
0

0
0

0
10
12
15, 040

24,
2,
25,
12,

7,
1,
7,
15,

0)

(0

948
576

1,059
564

1,106
626

1, 336
763

(0

(0
()
()
1,154
871

572
2,026
277

889
2,641
268

281
2,242
680

404
2,085
566

539
2,208
416

115.0 134.0
94. 4
123. 2
124. 0 105.1

165. 4
142.6
146.7

141.4
130.8
153.0

159.6
144. 5
145. 7

145.4
152.1
137.2

9, 235
2,034
8,732
15, 090

10, 373
2, 365
10,042
16,901

12, 578
2, 739
12,204
18,794

15, 788
4,078
14, 449
19, 221

16,183
3, 041
17, 220
21,542

22,102
4,224
20,919
23, 578

(0

088
108
657
047

9, 553
1,612
10, 049
14, 101

0
0

0
0

0
0

2
0

0
0

1
0

0
0

0
0

0
0

0
0

0
0

1

1

0
16
33

1
13
20

7
5
17

1
6
16

1
3

24

2
3
13

1
2

7

6
11
31

0
2

2
3
29

8, 687

8,777

4,287

3,078

2,065

2,342

2, 376

38

25

2,745

3,547

615

683

359

281

187

167

130

268
499
75, 106

272

268

145

108

84

71

40

345
55, 260

310
61,031

213
34, 849

196
34,166

161
27, 297

126
25,120

132
24, 775

118.5

80.0

102.9

9a 3

110.8

112.1

05.3

46, 688
820

30,014
782

21, 775
915

22, 358
681

19, 493
613

39, 221
772

35, 621
659

41,192
964

40,004
908

41,259
1,229

867
9, 309

662
5, 121

564
5,491

583
4, 785

592
4, 901

426
4,517

569
3,992

599
5,226

851
8,703

798
8,923

805

0)

130
44
152
43,080
125.7 i

123
60
183
36, 935

4,381
199
76
242
49, 376

21
5,488
316
148
336
67, 218

8,433
492
198
434
80,268
127.5

118.9 I 128.8

59,217
1, 320

54,932
1,377

757
574
9,325
8, 774
9,916
11,855
964 I 1,097

680
8,959

51,484
1,198

8,013
4,401 I 9,492
9,720 I 10, 332
1,172
844
1,110
881 I 1,259
' Comparable data not available. See the regular monthly report of the Census Bureau for detailed data on this industry.
° Kevised.
* New series. For earlier data see p. 20 of the December 1932 issue for tin and terneplate and p. 20 of the July 1934 issue for machine tools (including forging equipment). Current oil-burner series, available only back to January 1933, are based on reports from 160 concerns.
f Revised series. Data on air-conditioning equipment revised starting January 1933; see footnote on p. 48, April 1935. The revisions for 1933 will be shown in a subsequent issue.
t Oil burners revised for 1934 and 1935, to exclude data erroneously reported. See p. 51 of the April 1936 issue. Data for 1933 and 1934 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.
1
Revised series on mechanical stokers, see p. 48 of the April 1935 issue; domestic pumps starting January 1934, see p. 49 of the April 1935 issue.

• Series covering shipments and unfilled orders temporarily discontinued



8, 468
959

7,631
956

7, 963
1, 178

8,166
699

5, 993
823

5, 678
966

52

SURVEY OF CURRENT BUSINESS

November 1936

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

METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Pumps—Continued.
Steam, power, and centrifugal:
Orders, new
thous. of dol..
Water-softening apparatus, shipments^
units..
Water systems, shipments J ^
units..
Woodworking machinery:
Orders:
Canceled
..thous. of dol._
New
thous. of dol..
Unfilled, end of month
thous. of dol..
Shipments:
Quantity
machines..
Value
thous. of dol._

931

615

658

954
14, 704

683
1,560

812
1,946

152
819

11
281
422

2
404
441

9
311
404

520
462

12
449
538

3
412
581

5
417
632

7
377
610

9
439
604

9
445
597

12
474 !
610 j

16
571
657

358
490

170
302

249
373

241
383

188
419

190
361

201
365

224
358

217
383

247
444

267 j
445

280 !
439 I

300
494

22, 836
.1198

17,960
.1219

16, 246
.1251

14, 534
. 1263

24, 439
. 1263

24,251
.1260

18, 997
.1257

19,938
.1263

21, 685
.1257

28,003
.1207

2, 654
678
1,977

2,002
384
1,618

2,294
650
1,643

2,113
613
1,500

1,954
469
1,485

2,510
546
1,964

2, 013
524
1, 489

2,064
453
1,612

2,414
549
1,865

22, 282
12,939

20, 275
24, 327
23, 095
.0897

25, 592
22,104
20, 772
27, 456
20,118
25,255
.0903 ! .0903

17,438
16,427

16, 700
11,310

19, 683
15, 700

.0953

20, 050
22. 239
21, 087
.0850

. 0917

.0928

2,970

28,599
2,628

27. 847
3,006

31,412
7, 977

29, 535
2,950

30,547
4,540

719

1,039

1,044 j

754
9,856

737
6,371

I
666
715 I
8 , 1 2 5 | 7,195

1,068 !
980
10, 364

1,066 1,029 !

1,049 !

1,175 1,303

1,052 j
845 I
16, 714 ] 16, 740

1,031 !
1,014
11,496 j 13,106

1,016
14, 410

NONFERROUS METALS AND
PRODUCTS
Metals

Aluminum:
Imports, bauxite#
...long tons._
Price, scrap, cast (N. Y.)
dol. per lb__
Babbitt metal (white-base antifriction bearing metals):
Productiont
thous. of lb_.
For own use
thous. of lb_.
Salesf
thous. of lb._
Copper:
Exports, refined*
.short tons..
Imports, total§ #._
short tons..
Ore and blister.
short tons..
Price, electrolytic (N. Y.)
dol. per lb._
Lead:
Ore:
Receipts in U. S. ore
..short tons..
Shipments, Joplin district...short tons..
Refined:
Imports!
..short tons..
Price, pig, desilverized (N. Y.)
dol per lh_.
Production
short tons..
Shipments, reported.._
short tons__
Stocks, end of month
short tons..
Tin:
Consumption in manufacture of tin and
terneplate*
long tons..
Deliveries
long tons..
Imports, bars, blocks, etc.#
long tons..
Price, Straits (N Y.)
dol. per lb_.
Stocks, end of month:
World, visible supply
long tons..
United States
long tons..
ZincOre, Joplin district:
Shipments
short tons..
Stocks, end of month
short tons..
Price, slab, prime, western (St. Louis)
dol per lb_.
Production, total (primary) t..short tons..
Retorts in operation, end of mo.-number.Shipments totalf
short tons.
Domestiet
shor/ t ons.
Stocks, refinery, end of monthf-short tons....

382

1,440

1,774

31, 648
8, 639

12, 573
14,749
12,935
.0903

19,313
16,723

29,464
3,183

28,195
6,467

. 0903
29, 341
4,550

nnn

1,217
7 4
' '|
. 0450
.0450
.0452
37, 958
34,088
32, 221
42, 333
34,590
33, 086
222,306 i 224,013 i 225,010

521

41,043 { 29,113
.1188 I .1165

2,312 !
420 i
1,893 |

2,374
495
1,879

2, 540
563
1,976

2.495
'772
1,723

23, 969 i 21, 703
14,671
17

24, 249
14, 277

.0928

. 0935

718

2,967

. 0460
36,175
40, 457
220,991

. 0460
39,558
33,125
229,409

2,400
5,600
6,525
.4792

2,350
5,520
6, 104
.4799

2,850
6,235
4,994
.4694

3,300
5, 235
5,493
.4630

13, 425
1, 389

15,049 I 13,782
13,338 I 15,607
1,472 !
2,312 2,985 j 3,523

16, 074
3,968

13, 328
2,713

15, 967
2,941

14,260 !
3,054 I

36,436
25, 409

34, 736
23, 093

48,579
40,889 | 35,200
36,770
25,344 I 21,000 I 24,900 I 25,130

38, 640
26,930

40, 060
28,070

, 0467
36, 221
34, 870
42, 351
42,351
106,316

. 0483
36,716
34, 777
47. 063
47. 003
95,969

.0485
37.469
36, 650
48, 172
48, 172
85,260

.0490
42, 483
37, 922
38, 159
38, 159
79, 841

. 0490
43, 252
41, 400
42,311
42,311
80, 782

.0441
29, 358
37,615
224,992

.0451
37, 844
42, 271
225. 309

3,300
6,200
5, 626
.4474

1,790
5, 360
6,773
. 4907

1,890
5, 355
4,095
.5121

13, 587
2,860

11, 939
2,849

35, 780
30, 590
.0485
42, 283
40,672
51, 847
51,847
76, 630

.0450
36, 229
43, 035
222, 636
2,120
4, 035
4, 700
.5188 I

2, 350
5, 360
6, 287
.4977

2,300
6,635
6,646
.4724

|
|
I
|

.0485 i
40,550 |
38, 329
42, 058
42,058
83,758 \

.0485 \
41,917
38, 205
46. 468
46,418
9, 207

. 0486
36, 228
38, 004
39.918
39, 918
75, 517

1,369 |

2,258 I

3,903

I 139,012 !

....|

2 946

.0953

31,828 i 34,137 i 31,314
3,500
5,880 | 3,180

.0460
32,184
36, 743
223, 388

.0460
29, 788
50, 685
200, 517

40,506
.1163

1,027 j

1,192 2,997

.0460 I
.0460 j .0460
36,756 I 36,863 ! 31,117
37, 736
38,996 I 46, 388
230,481 231,081 ! 218, 233

I

3,260
7,120
6, 674
.4297

3,050
5. 385
6. 069
.4257

13, 795
2,151

15, 295
3,095

40,900
33, 560

29,420 I 22,060
39, 240
41, 270

35, 810
37,180

. 0490
44,905
41.048
43,977
43, 977
81,710

. 0488
44,947 j
40, 700 !
41,654 I
41,654
85,003

. 0480
43. 614
41,308
46, 085
40, 085
86, 10 \

3,520 J
7, 795
8,134
.4222 i

.0478 !
45,553 I
41,308 j
41,891 j
41,891 !
88,065

Electrical Equipment
2, 055
1,609
1, 903
Furnaces, electric, new orders.. _ .kilowatts..
3,
Electrical goods, new orders^ (quarterly)
|
143,132
thous ofdoL. 1S9,
Laminated phenolic products, shipments
832, 902 1,061,285 j 878, 041
dollars... 1,116.
Mica, manufactured:
Orders, unfilled, end of month
179
109
174
119
thous. of dol._
201
187
233
172
Shipments.
thous. of d o l . .
Motors (direct current):
400.
201
374,020
348,042
Billings (shipments)
dollars. 454,450 415,013 405.107
Orders, new
dollars...
Panel boards and cabinets, shipments
285 i 338
t.hous. of doL.
Porcelain, electrical, shipments:
238
79, 377 101,108
Special
.
dollars. _ 94, Wt
41, 240
34,737
r.
Standard....
.
dollars-.. 43, iu:{
455
332 |
355
Power cat'les, shipments-.... . t h o u s . of ft..
Power switching equipment, new orders:
JO
43.435
Indoor
.'
d o 11 ar s. _ 75,;:oo 46,781
Outdoor..
dollars,. 222, N32 102,710 I 127,347
i
83,002
71,
003
87
Sll
2S9
Reflectors, industrial, sales
..units
III*
40 030
53, 022 : 43,706
Refrigerators, household, sales*
number...
Vacuum cleaners, shipments:
85 810
Floor cleaners.....
. . . n u m b e r ^ 104, 944 78, 343
H a n d - t y p e cleaners*

number..

39. 118

27, 478 i 20! 047

20 20!

!,992

3,246

:
j

i 153,452

3,637 ;

3,631 |

2,202 j 4,301

.; 190,598 !

j

j 813, 455 j 826, 393 I 844, 374 | 924, 238 1,004,258 11,145,695 .1,135,858 i 1,141,135 ' 1,074,052
135 !
178 .
571, 750
, 025.70V.

4S1

45-1! ( 0 1

30-,

143 I
210 !

113

.153
533, Mi. • 421914
GI2,
, 5S5
!

518, 357
710

132
2M-J
'2i.o;-,3
OM. 371

146 1
M3. o o o
(0MJ17

r-it. sic

c ,i?,
."17
302

!
01 \

ii02 < i
'

1 10, l\i

i SI, ^,7
1

. V, 703

41. f:i7
01, 522
07
11-J
74 733
24 1:00

000
27
001
44'J

0",
;,70M
1 Vi. ?, \ .>100 ()! 1
17U,o;,o

J30

< ,9

037
228
4()b

OS OH)
2i 1 250
ill 0!7
304

80. Ubl . lit001 ' 1015,'O
700

H'\J."7 00. 7(/}
•

L

-7^2

3"),

''•1

ail'1, ^;!i;f
10). 275

««u;i{»

75s*
i"'->!<»74 H,."! 21"
•''', <.J1

1

71. i ^

N ) .

2.'.r

1

N .

! 1
Revised.
New series: For earlier data, see p. 20 of the December 1932 issue, for tin and terneplate; p. 20 of the July 103') issue, electric refrigerators; and p. 20 of the August 1034
issue, for band-type vacuum cleaners.
for Babbitt metal revised for the period January 1932-December 1035: see p. 20 of the July 1936 issue. For 1933 revisions on zinc see p. 49 of the January 1934
t, Data
for 1034 see p. 49 of the February 1935 issue; for 1035, see p. 52 of the February 1030 issue.
issue;t Present series on water systems cover 52 companies
• For revisions for 1932, s^e p 48 of the June '033 issue; for 1933. p. 20 of the September 1034 issue; for 1034, p. 19 of the December 1035 issue.
§ Data for 1932 revised; for 1932 revisions, see p. 48 of the June 1033 issue, total imports of copper.
# See footnote on p. 37 of this issue- Data for 1933 revised; see p. 20 of the October 1034 issue. For 1034 revisions, see p. 20 of the December 1935 issue.
i Revised series on water systems starting January 1934; see p. 40 of the April 1935 issue; for earlier data on new orders for electrical goods, see p. 19 of the August 1933
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 1930

1935

1936

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

1936

Septem- Septem- October Novem- December
ber
ber
ber

January

February

March

April

May

July

June

August

METALS AND MANUFACTURES—Continued
NONFERB.OUS METALS AND
PRODUCTS—Continued
Electrical Equipment—Continued
Vulcanized fiber:
Consumption
Shipments
Welding sets, new ordersrA
Multiple operator
Single operator

tbous. of lb__ i 2,185
thous. of do! _ j
517
i
units.. |
_units..

Miscellaneous Products

1,423 I
420 j

0
480

1, 782
509

2,112
440

1,718
387

1,781
455

7
430

0
467

0
643

2

1,635
417

1,830
492

2,129
470

2,248
471

2,116
489

!, 179
525

2,210
485

oiu

2
1,048

1
1,073

5
830

0
881

0
931

0
854

5,645

5,897

6,012

5,747

5,996

6, 339

6, 379

j

I
Brass and bronze (ingots):®
|
5, 944
5,195
6, 294
Shipments and deliveries
net tons.. I 6, 783
Brass, plumbing:
!
Shipments*t
number of pieces.-11,561,410 1,195,230 1,388,845 1,131,066
Brass sheets, wholesale price, mill
I
.142
.145
.146
dol. perlb..
.155
Copper, wire cloth:
Orders:
j
424
439
New
thous. of sq. ft I
455
527
560
483
Unfilled, end of month..thous. of sq. ft !
528
384
442
375
Production
thous. of sq. ft. j
433
396
440
359
Shipments
__.thous. of sq. ft I 442
74]
725
Stocks, end of month
thous, of sq. ft. _ j
740
788

5,894
916,783

5,948

240, 615 1,155,921 1,210,393 1,275,836 1,274,888 1.345,454

'1,502,900 1,428,850

.146

.146

.146

.146

.148

.151

.151

.152

.154

386
505
378
395
695

418
628
447
398
689

370
495
406
416
689

413
516
424
411

369
412
450
439
702

416
441
387
386
706

408
500
413
379
740

384
478
413
416
718

423
469
406

PAPER AND PRINTING
WOOD
Consumption and shipments
short tons.. i
Oroundwood
short toes.-j
Sulphate
short tons i
Sulphite, total
short tons i
Bleached
.
short tons.. I
Unbleached
short tons
Soda
short tons. ! 83,719
Damaged, off-quality & rnisc'Lshort tons j
Production, all grades
short tons. ;
Groundwood
short tons ]
Sulphate
short tons !
Sulphite, total
.short tons I
Bleached
short tons ,
Unbleached
short tons \
Soda
short tons
34, 17
Damaged, off-quality Amisci. .short tons
Stocks.....
short tons..I
Oroundwood_
short tons.
Sulphate.._
—
short tons
Sulphite, total
short tons
Bleached
...short tons.-!
Unbleached
short tons..
Soda
short tons.4, 657
Damaged, off-quality & misc'L .short tonsImports:
Chemical, totalf#
short tons.. 208,933
Groundwood#.
short tons
28,183
Price, wholesale, sulphite, unbleached
dol. per 100 1b
1.94
PAPER§
Total papent
Paper, including newsprint and paperboard*
Production
short tons..i
Paper, excluding newsprint and paper j
board:
>
Orders, new
short tons..|
Production t
short tons
Shipments!
• short tons-0
Revised.

362,504 !401, 864
86,047 j 98, 365
120,234 j127, 598
121,767 I136, 623
72,675
78, 624
49,092 i 57, 999
27, 126 ! 30, 483
7,330 | 8.795
355.416 I 389,331
75,357 | 89,067
119,590 !126,332
125,671 i135,193
76, 48fi '78. 227
49, 185 I 56, 906
27,541 ! 30, 022
7,257 I 8,717
109,616 I 97, 683
45,594 ' 36,896
6, 736
4, 470
52.663
51, 233
36, 350 35, 953
16,313
15, 280
5,047
4. 586
576
498
I
165,848 228, 504
14,818
31,097
1.90

756,573

1.90

394,485
68,100
124, 418
134,291
79,011
55, 280
30, 256
7,420
388. 785
94, 007
125, 609
132, 294
75, 977
56,317
29, 171
7,704
91,984
32, 803
5,661
49,236
32. 919
16,317
3, 502
782

388, 244
96,445
120,807
135,317
78, 217
57,100
29,399
6,276
386,523
99.402
121,148
130, 975
75, 236
55, 739
! 28,821

415.790
107,413
139,951
129, 249
77,100
52,149
32,099
7,078
419,946
106,794
139, 329
134, 290
79, 704
54,586

6,177
90, 263
35,760
6,002
44, 894
29,938
14 956
2,924
683

32, 381
7,152
89,343
30, 360
5, 285
49,735
32, 639
17,096
3. 206
757

199, 812 243,858
23, 621 28,116

213.837
20,392

1.90

914,297 I 783,341

393,987
97,411
130,084
129,517
77,174
52, 343
30, 639
6,336
398,340
100, 575
131, 642
129,000
78,105
50,895
30, 989
6,134
93, 696
33, 524
6,843
49, 218
33,570
15, 648
3, 556
555

'714

1.90

819.300

443,272
110,806
136, 761
154,300
98, 791
55, 509
34, 784
6, 621
441,901
120,054
137,792
142,459
90, 474
51,985
35,104
6, 492
104,819
50,727
7,471
43, 239
28, 276
14,963
2, 797
585

160, 649 143,576 122,060
13, 796 20, 457 13,905

1 90

717,604

™406,454
102,102
>136,479
127,281
77, 726
49,555
32,873
6,719
417,948
110,057
136,076
133,143
80, 749
52,394
31,794
6,878
106, 190
41,479
6,440
55,080
36,593
18,487

753,581

437,970 a435, 358
112,758 "111,905
148,433 "147,321
138,504 138,111
84, 910 86,494
53,594
51,617
31,669
31,497
6,606
6,524
450, 261 M35, 885
120,427 '110,339
148,047 148, 148
142, 889 139, 591
90 265
87. 123
52, 624 52, 468
32, 282 31, 643
6. 61 fi 6. 164
117,100 '117. 637
58, 3im a 56, 830
7,085
7.912
47.624
49. 104
33, <)?A 34,260
13,993
14, 884
3, 409
3, 556
595
235

«426, 449
105, 467
144,639
*139, 815
87, 940
«51,875
30, 355
6,173
*41«,?9fi
97, 253
144, 959
*137, 240
85, 984
"51,256
30, 687
6,157
'107,485
48,616
8.232
«4fi'. 529
32. 304
"14,225
3,889
219

445, 641
105,126
155,175
144,557
91,583
52,974
33,072
7,711
439,104
95,114
155,327
147,587
91,793
55, 794
33,383
7, 693
100,947
38, 604
8, 384
49,559
32, 514
17, 045
4,199
201

166,048 235,129 207, 444 222, 320
21, 437 14, 529 25, 628 19,850
1.91

.193

1.93

776,471 | 867,931 798, 060 l797,826 "846,434

833,398

I
415.046 I 493,851
395,715 488,727
394,392 | 484,855

398,139 369, 837 451,268 401,523
410,096 398,141 469,036 410,225
411, 434 383,172 472,010 I 400,525

453,983 j 485,208 415.828 "406,228 «46fi, 482 I 428,592
414,714 ! 496,498 432,814 j°429 324 0474040 r ! 439,669
413,778 i 485,666 ! 424,281 I «415, 506 i«480, l.>6 I 424,127

• Since April 1935 figures are not as complete as during the period of the operation of the Code Authority. Figures for period January 1934-April 1935 would be fairly
comparable if reduced by about 15 percent.
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.
t Tn September 1935 3 firms discontinued reporting; data of 3 firms of equal size were added, thereby maintaining the comparability of the series.
t Revised series
See p. 49 of the June 1933 issue for 1932 chemical wood pulp imports. Data on total paper for 1934, 1935, and 1936 revised. Revisions for 1934 and
months of 1935 not shown above will appear in a subsequent issue.
* New series Data prior to October 1931 not published on plumbing brass.
# See footnote on p 37, of this issue Date for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue.
§ The 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 Bonk Paper Division of the Paper and Pulp Industry: they are not comparable with the data carried in the SURVEY from the American Paper and Pulp Association through December 1933. The present classification of the association differs from that previously used 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 unroated book), bonrds, 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 paperboard and the Newsprint Service Bureau's report for newsprint
(thp latter series fa identical with that reported by the association). The ratio of the production reported bv 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: Total paner, 87 4 percent: fine paper, 76 1 percent; wrapping, 109.7 percent (present classification of association is much broader than is Census or earlier association classification); paperboard, 68 percent of all paperboard, but 81 percent of the more comparable classifications of container bo9rd and boxboard; hook paper, 11 ncoated, 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,
^ See footnote marked " A " on p. 60 of the March 1936 issue.




54

SURVEY OF CURRENT BUSINESS

1935
1936
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecem
in the 1932 Annual Supplement to the Survey
October November
ber
ber
ber

November 1936
1936

January

February

I
March

April

May

June

July

16, 502
8,218
19, 2uO
68. 0
IS, 497
12,215

10. S76
0,0.-) 7
10,22'i
66 3

August

PAPER AND P R I N T I N G — C o n t i n u e d
PAPER—Continued
Book paper:*
Coated paper:
Orders, new
short tons.
Orders, unfilled
short tons.
Production
short tons.
Percent of potential capacity
Shipments
short tons.
Stocks, end of month.
.short tons.
Uncoated paper:
Orders, new
short tons.
Orders, unfilled
short tons.
Production
short tons.
Percent of potential capacity
Shipments
..short tons.
Stocks, end of month
short tons.
Fine paper:*
Orders, new
short tons.
Orders, unfilled
short tons.
Production
short tons.
Shipments
short tons.
Stocks. end of month
short tons.
Wrapping paper:*
Orders, new_._
short tons.
Orders, unfilled
short tons.
Production...
..short tons..
Shipments
short tons..
Stocks, end of month
short tons..
Newsprint:
Canada:
Exports
..short tons..
Production
.short tons..
Shipments from mills
...short tons..
Stocks, at mills, end of month
short tons..
United States: *** ^
Consumption by publishers
short tons..
Imports #
short tons.
Price, rolls, contract, destination, N. Y.
base
dol. per short tonProduction, total
short tons.
Shipments from mills
short tons.
Stocks, end of month:
At mills
short tons.
At publishers
short tons.
In transit to publishers..short tons.
Paperboard :§
Consumption, waste paperf..short tons.
Orders:
New
..short tons.
Unfilled, end of month
_short tons.
Production
short tons.
Percent of capacity
Stocks of waste paper, end of month:
At millst
short tons.
In transit and unshipped purchases
short tons.
PAPER, PRODUCTS
Abrasive paper and cloth, shipments:
Domestic.
reams,.
Foreign
..reams..
Paperboard shipping boxes:
Shipments, total
mills, of sq. ft.
Corrugated*
mills, of sq. ft.
Solid
fiber*
mills, of sq. ft.
PRINTING
Blank forms, new orders
thous. of sets.
Book publication, total number of editions.
New books
number of editions.
New editions..
..number of editions.
Operations (productive capacity). 1923 =100.
Sales books:
Orders, newt
(thous. of books).

18, 895
7,407
19, 239
77. 7
18,983
12. 157

18,903
8, 808
18, 640
64. 3
17,''54
16, 595

19, 912
7, 924
21, 197
65 0
21,728
16.064

19,264
7, 225
20,066
58. 1
20, 746
16,580

17,352
10, 043
18,831
63.7
19,3 45
14, 901

91, 452
34, 208
95, 793
83 2
94, 141
94, 548

83, 400
35, 464
87,911
70 1
88. 127
73,098

88. 329
32, 771
95, 894
72. 4
92.415
74, 820

87, 252
35, 065
89,262
66 4
91,197
74, 399

82,558
37, 746
91 075
71.5
84.964
79:518

28,666
9. 269
28, 494
28,599
56,903

37,763
8.666
39, 075
38. 959
56, 504

29,802
8, 245
31,281
30, 709
56,867

29,912 | 43,582
8,857
10 560
31,633
41.979 ,
28,355
43,4o7
KO 1.17
60, 20H I 59,143

141,541
70. 686
135.278
132, 926
107, 856

184, 471
79, 566
176, 973
175,974
107, 655

134,343
73,774
138,523
140, 060
105, 468

125,290
71,348
131,544
127,051
108,178

208,912
233, 968
225, 403

240, 421
266,515
266, 679

244, 037
262, 854
285, 179

73,743

73, 579

175,811
238, 317

160,558
190, 272

41.00
72, 216
75, 466

22, 352
10,351
23, 106
63. 4
23, 640
16,243 |

22. 541
11364
21,844
66. 8
22, 752
15, 050

31,096
17,314
24, 697
76. 0
25, 998
12, 528

17, 097
9, 106
21, 409
71.0
21,308
11,992 j 12, 093

18,610
11.336 j
23,525 |
79.0
23,734 !

IS, 531
6.7,-0
20.103
00. 4

12, 87^ ! 13,' 284

i

93. 960 128,902
98. 108
85.548
43.739
40, 212
65, 50K
49. 939
96.068 101,669 | 107.533
101, 223
73 9
71.8 !
80.0 !
85.4
96, 293 107,116 i105. 689
99, 7(59
81 713 73,349 | 76, 033
81,821

72, 890
37, 369
97. 369

82, 107 i so, 004

90,507
82, 280

77,313
35.013
86, 676
71.6
83,718
83, 644

37,073
10, Oil
39. 35S
30,051

33. ( ot i
80.210
OS!988
73 i I
76. 0
86.040 j 02, 011
87.030 j 88^ 070

39,086

j
149,305 '
59.041
160,822
163,312
106, 644

36,
12,
38.
34.
62,

16, 121
33, 676
35, 435
61, 141

44, 620
16, 169
47. 990
45, 119
61,545

30, 922
13,194
35,561
33,559
62, 510

31,641
12, 274
35, 077
33, 033
65, 784

125,
58,
130,
126,
110,

133,755
61 417
132, S87
128,056
114,066

177.510
77, 344
165, 537
161. M3
118,269

151, 013
73,312
140, 120
144, 232
114,092

140, 385
72, 439
144, 615
143, 367
113,711

277,838
244,732
265,233

184,884
227,955
181,403

184,079
221, 190
206,010

256.564
242,900
239,253

50, 993

30,138

76, 658

92 082

179,821
222,811

187,448
234, 305

186,514
249, 876

161,185
179,982

182, 313
157, 456

183, 974
220, 641

40.00
71, 262
73, 067

40.00
79, 974
82, 220

40.00
78, 955
81,151

40.00
75, 869
79,672

41. 00
79,336
74, 126

41.00
72, 249
70, 650

41.00
76, 500
74, 482

41.00
76, 504
77,714

41.00
75,719
77, 273

17. 397
230,001
43,070

16, 450
221, 114
38, 703

14, 340
222, 362
34, 754

12,473
223,377
41,727

10, 266
240, 838
53, 302

14. 275
237, 955
35,178

16, 032
221, 165
39, 387

18, 163
203,814
40, 851

17,087
188, 453
48, 567

15, 906
191,463
44, 860

21.027
193, 464
40, 573

19,857 j 21,464
201, 099 | 219, 727
40.971 1 42,789

281,046

244,963

288, 668

246, 318

196, 429

229,064

226, 216

237, 601

245,566 | 241,895

241,656

249, 402

268, 770

353,197
135, 732
328, 519
79.1

307,103
105, 088
289, 596

351,887
107, 074
345. 596

272, 477
88.^71
294, 290

234,753
81,894
243,594

283,890
94,210
270, 928

268,843
91,917
271,107

290, 854
96, 202
285, 257

298,180 ! 280, 899
99.796
92, 784
294,929 ! 289, 527
71.6
71.0
204, 353
213,435
44, 306

290, 098
96, 402
288, 682
70.5

304, 747
101, 557
299, 033
69. 7

332, 553
117,443
319.391
76.7

218,330

219,042 I 207,886

77.561 S 90,064
7,864
10,241

76, 084
9, 479

69, 709
7,306

76, 191
10. 176

2, 188
1,945
242

2, 249
1,904
255

2. 698
2, 382
'317

I

31,516
9, 684
33,626
31,838
62, 0.",7 ',65, 527
|
j
!
i

'107.815 i 141,436
- 74, 750 j 77. 600
'163, 58S ! 147,142
»167, 586 | 140,740
'109, 180 i 112,323

I

278, 368
269, 782
269, 689
65, 989

3

74.1

79.5

73.6

220, 998

214, 685

213, 297

79, 469
7,455

107, 421

16, 920

j 258,721 j 267,067
I 207,296 | 286,445

96,254 ! 85.629 \ 66,240

63.4

68.4

69.4

216,040

193,919

204, 376

39,737

39,983

38,167

211,029

191, 408

0)

I
| 192,894 ! 258,288

35,269

183,399 | 227,216
203, 590 '<262, 580

0)

38, 420

40, 780

35,044

66, 455
8,743

73, 057
9, 082

66, 453
9,428

65, 740
15,231

65,784
7,712

59, 936
4, 575

67, 405
9, 769

2,176
1,931
245

2,412
2,165
247

1,991
1,796
195

1,781
1, C04
176

1, 964
1, 768
195

1, 846
1, 653
194

2,019
1, 804
215

2, 095
1,873
222

88, 721
787
611
176
83

100,160
868
681
187
85

94, 574
897
700
197
86

92,113
836
688
148

95,196
536
430
106
82

84,853
842
676
166
83

95,189
953
801
152
82

101,805
854
718
136
84

14.643

17,503

15.785

15,500 ! 14,966 I 13,033 |

15,778 j

15,031

2,268
2, 035
233

283,589 ! 234,050 ! 257,577
270,881 274,027 | 270,053
263, 684 271, 794 | 278, 219
73,199
178, 396
222, 187

65,794

170,884 • 168,289
205, 704 i 246, 186

41.00 J 41.00 I 41.00
79,820
73,361 j « 74, 338
74, 838
74, 780 j a 72, 645

0)

96,677 i 100, 725
729
990 I
602
795
195
86
15,581 |

75,430 |

17,485 j

723
148
80
18,384

104, 349
890
731
159
16, 683

• Kevised<
t Revised series. D a t a for period J a n u a r y 1033-January 1934, inclusive, on c o n s u m p t i o n and stocks of waste paper at mills will bo shown in a s u b s e q u e n t issueSales books, new orders, h a v e been revised beginning J a n u a r y 1035 to include t h e statistics of 2 m e m b e r s not included heretofore. T h e d a t a now represent 90 percent
of all t h e sales books sold in t h e United States. For 1935 revisions see p. 54 ot t h e M a y 193*1 issue
i D i s c o n t i n u e d by r e p o r t i n g source.
§ T h e Bureau of the Census has changed t h e title of t h e " B o x b o a r d " report to " P a p e r b o a r d " since data a c t u a l l y cover all board of .0012 of an inch or more in t h i c k n e s s
r e p o r t e d b y t h e cooperating m a n u f a c t u r e r s . Figures given on production and new and unfilled orders are for 94 identical m a n u f a c t u r e r s ; a n d c o n s u m p t i o n and stocks of
w a s t e paper for 82 m a n u f a c t u r e r s . E s t i m a t e d coverage is given in footnote marked § <»n p 53.
* N e w series. N e w series on paperboard shipping boxes compiled by t h e National Container Association, Chicago, 111., from reports from all m e m b e r s of t h e i n d u s t r y of
record b e g i n n i n g in J a n u a r y 1934. T h e v o l u m e of companies not reporting each m o n t h is estimated by t h e association, so as to keep t h e series comparable.
Prior to Jan*
u a r y 1934 d a t a covering this i n d u s t r y were compiled by t h e Pnper Board Industries Association.
Ree footnote m a r k e d " § " on p. 53 of this issue for book, fine, a n d w r a p p i n g
paper.
# See footnote on p . 37 of this issue; d a t a for 1933 revised; see p. 20 of t h e October 1934 issue. F o r 1934 revisions see p . 20 of t h e D e c e m b e r 1935 issue.




55

SURVEY OF CURRENT BUSINESS

November 1936

1935
Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemDecem- January
October Novemin the 1932 Annual Supplement to the Survey
ber
ber
ber
ber

1936
February

April

March

June

May

July

August

RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total—
-long tons.
For tires and tubestf
long tons.
Imports, total, including latext# long tons.
Price, wholesale, smoked sheets, N. Y.
dol. per 1b.
Shipments, world
long tons.
Stocks, world, end of montht---long tons.
Afloat, totalt
long tons.
To United Statesf— long tons.
London and Liverpool
long tons.
British Malaya
long tons.
United Statest
long tons.
Reclaimed rubber:
Consumption
long tons.
Production
long tons.
Stocks, end of month
long tons.
Scrap rubber:
Consumption by reclaimers
long tons.

45, 403
h

~50~033

38, 500
34, 000
38,192
21, 250 *> 23, 627 "22,818
35, 707
36, 378
26, 073

38,648
43.655
>23, 198 6 27,437
39,812 I 33,921

. 164
70, 000
485, 500
96, 000
62, 240
103, 962
60, 287
225, 239

.116
74, 000
661, 509
100,000
43,413
174, 894
67, 361
319. 254

.127
75, 000
655, 000
100, 000
49,913
168, 570
71,868
312, 112

.131
63.00(3
623, 300
89, 000
46, 588
166,896
66, 794
294, 610

62, 000
011,987
82, 000
39,094
164, 200
61,692
303, 000

. 144
62.000
600, 479
84,000
43. 870
162,107
66,618
287.754

8, 936
12, 959
15,105

7,011
6,871
11,321

7, 923
11,926
11, 784

7,494
11,482
12, 02S

6,817
12, 307
13,537

8,031
11,665
14,326

23, 498

. 132

b

38,433
21. 372
34, 874

. 159
68, 000
574, 594
90, 000
58,935
147,712
61,045
275,837

63,
599,
85,
46,
157,
72,
284,
5. 893
10,188
15, 517

29,772

h

46, 707
28, 666
45, 830

45, 434
629,518
37, 050

b

47, 372
45, 721
45, 257
30, 916 6 31,088 6 29,017
38,273
41, 788
20, 450

. 159
. 159
. 156
65, 627
60, 000
68, 013
55S, 583 533,411 511,931
90, 000
83, 000
89,000
47, 228
47, 678
48, 860
140,404 130,599 122,285
66. 290
59,866
268, 889 253,955 237' 220

7,014
10,712
16,039

8, 266
11,382
16, 193

8,317
11,512
15, S89

. 163
. 165
72, 000
82. 073
510,872 '492, 439
106, 000 a 99, 000
03,597
60, 343
113, 3S6 108,215
63, 83S
63,138
227, 049 '222, 086

9, 238
11, 935
14, 925

9, 453
12,330
13, 767

8, 794
12, 856
14, 741

b 4, 544
6
4, 692
6 4, 626
6 6,315

6
6
6
6

6
6
6
6

28,994

TIRES AND TUBES*
Pneumatic casings:
Production
Shipments, total
Domestic
Stocks, end of month
Solid and cushion tires:
Production
Shipments, total
Domestic
Stocks, end of month
Inner tubes:
Production
Shipments, total
Domestic
_.
Stocks, end of month
Raw material consumed:
Crude rubber. (See Crude
Fabrics
_

...thousands.
.thousandsthousands.
..thousands.

6 3,067
» 2, 676
* 2. 621
h
6, 713

.thousands.
..thousands.
thousands.
thousands.

6
6
6
6

24
20
19
37

b
3,341
6 2, 775
» 2, 735
* 6,127

thousands.
thousands.
thousands.
thousands.
rubber.)
thous. of lb_

b

3, 281
* 3, 317
b
3, 258
» 6, 715

* 3, 238
6 3. 232
6 3,170
b
6, 682

6 27
»25
6 25

6 23
* 19
* 19
Ml

b
3, 592
6 3, 262
* 3,215
6 6, 523

12,606 6 14,148

b
b
b
b

b

3,193
3, 035
2, 988
6,611

13,523

b

b

6

b

3, 282
3, 365
* 3.311
b
6, 639

b
3, 709
2, 898
3, 139 6 2, 601
b
» 3,079
2, 545
b
7, 224 6 7, 504

&22
* 23
6 23
Ml

6 25
*23
b
22
M0

& 3. 279
3, 268
b
3, 229
b
6, 667

&3.719
* 3, 376
b
3.330
» 6, 984

> 13, 632

»15, 988

b

b

b

" 15
6 17
b
17
6
b
h
6

2, 880
2,791
2, 748
7,046

6 3, 932
f> 3, 971
6 3,917
6 7,318

2, 947
b
3. 123
6 3. 065
b
7,360

6 33
32
b
32
6 32

16
6 21
6 21
6 32
b

b

3, 068
3, 074
6 3,027
6
7. 040

3, 908
6 3,844
3, 792
6 7,118

6
6
6
6

16, 571

-17, 099

b

b

4,027
4,724
4,659
6, 623

6 30
6 30
6 30

6

b

' 12,059 613,417

6
6
6
6

3, 903
3,984
3,931
7, 063

6
6
6
6

37
36
35
33

6 4, 078
h
4,458
6 4, 408
6
6, 565
6 18,494

4, 427
4, 653
4, 599
6, 275
6
6
6
6

39
34
34
37

6 4, 194
6 4,664
6 4, 490
a
6, 257

6
6
6
6

4, 062
4, 031
3,978
6,313
6
6
6
6

34
28
28
42

4,
4,
4,
6,

081
160
125
173

6 18, 251 6 17, 152

MISCELLANEOUS PRODUCTS
Rubber bands, shipmentsA
thous. of lb__
Rubber-proofed fabrics, production, totalA
thous. of y d . .
Auto fabrics
thous. of y d . .
Raincoat fabrics
thous. of y d . .
Rubber flooring, shipmentsA-thous. of sq. ft__
Rubber and canvas footwear:*
Production, total.
..thous. of pairs..
Tennisthous. of pairs..
Waterproofthous of pairs..
Shipments, total
thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs..
Shipments, domestic, total.thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs..
Stocks, total, end of month.thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs..
Rubber heels:A
Production
thous. of pairs..
Shipments, total*
thous. of pairs..
Export
thous. of pairs..
Repair trade
thous of pairs..
Shoe manufacturers
thous of pairs..
Stocks end of month
thous. of pairs..
Rubber soles:A
Production
thous. of pairs..
Shipments, total*
thous. of pairs..
Export
thous. of pairs..
Repair trade
thous. of pairs...
Shoe manufacturers
thous. of pairs._
Stocks, end of month
thous. of pairs..j
Mechanical rubber goods, shipmentsrA
j
Total
'.
thous. of dol..1
Belting
thous. of dol..

Hoso
Other

-

226

269

334

363

363

264

206

236

238

186

505

5,396
396
2,984
431

5, 571
449
2,866
492

3,269
395
1,291
450

2,760
313
604
450

2,864
219
603
371

2,950
191
786

3.467
199
1,289
422

4, 134
265
1,442

3, 666
244
1,446
523

3, 782
256
1, 442
488

4,001
334
1,473
483

4, 514
370
1,842
614

4,427
873
3, 554
5,510
889
4,622
5, 489
881
4, 608
14,559
4, 137
10,422

5,874
1, 297
4,577
5, 733
673
5, 059
5, 705
654
5,051
14, 700
4, 761
9,939

5,172
1,301
3,871
5,657
491
5, 165
5,626
467
5,159
14, 200
5,571
8, 630

5,993
1,661
4, 332
6, 276
830
5,446
6, 252
815
5, 437
14,967
6,743
8, 224

5.925
2, 174
3.751
6.144
2.061
4, 083
6. 109
2, 042
4, 067
14,886
6.839
8. 047

5, 231
2,498
2,732
4,819
1.929
2,890
4, 788
1,915
2,873
14, 957
7, 305
7, 652

5, 905
2,937
2 969
5,041
3,019
2,022
5,011
2,997
2,014
15, 804
7, 207
8, 597

5,876
2,8K8
2,988
4, 970
3, 519
1,451
4, 928
3,480
1,447
16,699
6, 565
10,134

5,227
2, 058
3, 170
4, 429
3,333
1,096
4,399
3, 309
1. 090
17, 497
5, 289
12, 208

5, 659
2,018
3,641
4, 334
2, 791
1,543
4, 290
2, 751
1, 539
18, 822
4, 519
14,303

4,571
1,244
3,327
5,431

5, 588
1,377
4,212
6, 877
1, 443
5,435
6,851
1,420
5, 431
16, 626
3, 615
13,010

(i)
(i)
(0
0)
(i)
(0

16,406
17,067
187
5, 187
11,694
36, 051

18,517
18,814
296
5,029
13, 489
36, 291

16.024
16, 886
428
4,173
12, 285
30, 710

16.649
17, 094
348
2,829
13,917
30, 374

(0
(0
(0
(0
0)
(3)

3, 021
3,160
3
660
2, 497
3,844

4,022
4,141
1
625
3,515
3, 731

3, 399
3, 528
11
492
3, 025
3,121

3,698
3, 544
1
401
3, 142
3, 164

0)
CO

3,980
1,018
1,248
1,715

5,015
1, 155
1,438
2, 422

4, 755
989
3,319
2,447

5, 200
1,027
1,408
2, 765

591
6,003
1,150
4,853
8,063
1,481
6, 582
8, 039
1,465
6, 574
14, 567
3,286
11, 281

thous. of dol. J (0
thous. of dol..I 0)

0)
(0
0)
CO
0)
CO
(0
(^
CO
(0
(0
0)
CO
0)
(0
CO

CO
CO
(0
CO
CO
CO
CO
CO
CO
CO
(0
(0
CO
CO
CO
(0

(0
CO
(0
CO
CO
CO
(o
CO
0)
CO
(0
(0
CO
CO
CO
(0

266

CO
(0

co
(0
CO
CO
CO
CO
(0
CO
(0
(0
CO
(0
CO
(0

217

(0
CO
CO
(0
(0
CO
CO
(0
(0
CO
0)
(0
(0
CO
(0
(0

209

(0
(0
(0
0)
CO
CO
(0
CO
CO
(0
CO
(0
(0
CO
CO
0')

2, 034
3, 397
5, 407
2, 018
3, 390
17,962
3. 729
14, 233

(0
CO
CO
0)

CO
(0
(0
CO
CO
CO
CO
(0
CO
CO
CO

(0
CO
(0
(0
CO
CO
CO
CO
CO
CO
CO
CO
(0
CO
CO
CO

1
fe
Discontinued by reporting source.
° Revised.
See fool note marked " j "
t Data for 1934 and for the period January to July 1935 are estimated to represent approximately 97 percent of the industry, for subsequent months the coverage is
estimated to be 81 percent. Previously published data are estimated to cover about SO percent of the industry for 1929-33, inclusive, and 70 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 For 1934 revisions see p. 20 of the December 1935 issue.
* In October 1933, 4 new companies were included in the report and 1 additional company in Januiry 1934 Since that month, the coverage of tho industry is 100 percent. For preceding period? the coverage varied; in 1929 it was 90 percent; in 1931, 80 porcent: and in 1933, 95 percent, according to the Census of Manufactures. Overlapping figures are available for October 1933. See the Octoher 1934 issue for October 19iH data for the smaller number of firms
* New series. Earlier data not published on total shipments of rubber heels and rubber soles prior to December 19i2.
t Revised series Data on consumption of rubber for tires and tubes revised for 1932, !933, and 1934 See p. 51 of the August 1934 issue. Revised data from September
1930-December 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.




56

SURVEY OF CURRENT BUSINESS

November 1936

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

Noveru- Decem- January
ber
ber

February

March

August

STONE, CLAY, AND GLASS PRODUCTS
BRICK
Common brick:
Price, wholesale, red, N. Y.
dol. per thoiis..
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 month}
thous. of brick..
Sand-lime brick:
Orders, unfilled, end of mo.
thous. of brick_.
Production
thous. of brick_.
Shipments by rail
thous. of brick..
Shipments by truck.......thous. of brick..
Stocks, end of month
thous. of brick..
Vitrified paving brick:
Shipments*
.thous. of brick..
Stocks*
..thous. of brick..

10.50

9.50
91,127
394,988

9.50
9.50
117,031
95,673
423,651 ! 424,737

9.50
73, 586
426,550

0)

10. 50 ! 10. 50
170, 185 j 170, 115
398, 870 ! 409,028

J

J

I

!
C1)

10. 50
172, 892
368, 638

9.50 i
9.50 !
9.50 !
9.50 j 10.50
56,471 ! 44,736 ! 109,641 | 154,473 i 171,418
417,482 405,866 i 363,932 I 322,719 i 335,768

291 j
294
351
277
311
2,168 I 2,223

354
322
235
2,334

562
309
147
2,485

747
179
95
2,385

720
2,396
44
1,894
2,202

390
2,115
129
1,927
2,164

400
1,399
83
1,280
2,185

1, 225
1,274
33
896
2,451

1,690 !
486 |
36 I
714 |
2,046 j

5,115
81, 344

5,454
79, 753

6,178
79,468

4,715
81,191

1.667
7,173
32.6
7,799
21, 783
6,368

1.667
7,510
33.1
8,794
20, 501
5,891 j

1.667
7,093
32.2
5,976
21,613
5,607

1.667
5,803
25.6
4,514
22,908
5,226

3,059
55.5
2,537
8,328

3,114 | 3,047
52.1 |
55.4
2,916 | 3,031
8,410
8,437

833 i
172 !
66 |
2,477 |

0)
0)
0)
0)

0)
0)
0)
(0

CO
0)
0)
0)

0)
0)
0)
(0

7,965
1, 032
29
1, 085
2,285

7,928
2,220
186
2,129
1, 600

1,753
1,449
143
1,688
1,103

1,380
2, 278
137
2,163
1,084

2,945
3,690
264
3,235
1,340

2, 100
3 427
' 197
2,896
1,812

1,540
3, 921
201
3,377
1,939

3,892
79, 730

2,052 i
79,677

4,856 i
79,408 i

7,858
76,073

8,972
75, 447

11,476
71, 800

10, 9°0
«6S, 3S0

8,724
70, 683

1. 667
3, 630
16. 1
3,889
22, 686
5,214

1. 667
1.667
3, 454
5,263
23.4
16.4
3,156
7,138
22,971 i 21,126
5,590
5,625

1.667
8,519
39.2
9,089
20, 571
5,328

1.667
10,985
48.9
11,121
20, 431
5,071

1.667
11. 273
52.3
12,417
19, 281
4,912

1. 667
11,446
51.3
11,766
IS, 975
5,079

1.667
12, 535
50. 2
12, 560
a
18,920
4,931

3,339
58.4
3,434
8, 270

3, 604
63.0
3,604
8,224

3,810
69.3
3,996
7,942

3,898
68.1
3,999
7,792

3,844
67.2
4,179
7,488

4,403
77.0
4,346
7, 422

j
I
|
I

()
0)
0)

c1)

PORTLAND CEMENT
Price, wholesale, composite
dol. per bbL.
Production^.
tbous. 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.

1.667
12, 292
57. 1
12, 564
18, 648
4,748

GLASSWARE, ETC.
Glass containers:#
Production....thous. of gross..
Percent of capacity...
_.
Shipments..
.
thous. of gross..
Stocks end of month
thous. of gross..
Illuminating glassware:*
Orders:
New and contract
number of turns..
Unfilled, end of month
number of turns..
Production
number of turns..
Shipments:
Total
...number of turns..
Percent of full operation
...
Stocks, end of month
number of turns
Plate glass, polished, production!
thous. of sq. ft..

3, 994
72. 6
4, 345
7,015

3,102
58.7 I
3,700
7,576

3,616
60.8
3, 569
7,575

3,271
59.4
2,938
7,836

2,899

2, 446

2,485

2,416

1,817 I

2,261 ! 1,853

2,110

2,381 i 2,193

2,355

2,356

2,594

2, 783
2,591

2,306
2,013

2,680
2,705

2,730
2,672

2,477
2,292

2,749
2,159

1,883 I
2,148 I

1,904
1,866

2,109
2,039

2,189
2,085

2,274
2,171

2, 474
2,138

2,620
2,154

2, 6S4
104. 6
3,056

2,ms

2,584
100.7
3,450

2, 339
91.1
3,618

2,067
80.6
3,735

1,965 i
76. 6
3, 753

1,978 !
77.1 !
4,045 I

1,913
74.5
3,887

2, 127
82.9
3, 916

2, 086
81.3
3, 954

2, 250
87.6
4,009

lj_996
4, 135

2,374
92.5
3, 123

19,455 ' 19,19^ ; 16,244 [ 16,428

18, 710

19, 553

81.4
3,358
14,404

16,593 j 15,909 I 16,112

170,613
566,719
161,786

124, 302
498,765
140, 363

17,276

i

13,857 i 16,057

GYPSUM*
Crude (quarterly):
Imports
_..short tons..
Production
.
short tons..
Shipments (uncalcined)
short tons..
Calcined (quarterly):
Production.
short tons..
Calcined products (quarterly):
Shipments:
Board, plaster (andlath).thous. of sq. ft...
Board, wall.
_
thous of sq ft..
Cement, Keenes
short tons..
Piasters, neat, wood fiber, sanded, gauging, finish, etc
short tons..
For pottery, terra cotta, plate glass, mix
ing plants, etc
short tons...
Tile, partition
thous. of sq. ft...

416,709 ....

|

i 345,826

72,957 i
.._!
62,250 {..__
i
5,642 {

I 66, 969
! 62, 886
5,716

293,984
35,892 j
2,420 i

_._.|..

115, 944
96, 022
9, 676

i 205,353
!
i

; 163,479
727,720
! 221,330

!

! 559,247

57,818
60, 361
5, 768

j 34,814 I
| 2,420 j

.

.!

.j 310,448

235,111 i.
I

.:
i _
;

8, 098
I 355,875
1
93,338

368,638

j 38,834
j 2,716

50, 252
3,959

TERRA COTTA
Orders, new:
Quantity..
Value

short tons.
...thous. of doL

1,120
134

713
91

1,027
124

45, 575
341,509

55, 663
329,489

1,509
179

1, 906
211

31,361
337, 465

28, 480
330,262

1,105;
138 !

1,050
146

1, 945
215

1,390
159

48, 330
318,059

6S,536
310,262

312,141

1, 706
202

975
110

1,552
194

TILE
Hollow building tile:*
Shipments
Stocks

short tons..
.__-..short tons.

45, 069
335,104

21,952
327,112

89,415 I "90,521 \ 95,308
311,830 '300, 09* i 304, 55S

° Revised.
i D i s c o n t i n u e d by reporting source.
* N e w series
Earlier d a t a not p u b l i s h e d on i l l u m i n a t i n g glassware prior to J u l y 1932 i except production and pet cent of c a p a c i t y ) ; for earlier d a t a see p. 20 of t h e J u n e
1933 issue, face brick, m a c h i n e production. Series on c o m m o n a n d vitrified paving brick a n d tile beginning J a u n a r y 1934 were s h o w n on p. 20 of the J u n e 1935 issue. For
earlier d a t a on g y p s u m see p. 20 of t h e J a n u a r y 1933 issue
t Adjusted for degrading a n d year-end physical inventories
t D a t a on plate glass represent the total o u t p u t ot t h e i n d u s t r y
C o m p l e t e figures for t h e m o n t h s of 1932 were shown on p . 52 of the M a r c h 1933 issue, for '933 on
p. 52 of t h e M a r c h 1934 issue, a n d for 1934 revisions p. 56 of t h e March 1930 issue
# M o n t h l y series on glass containers for 1934 and 1935 are not comparable with those of earlier years due to increase of n u m b e r of firms reporting to 44. S h i p m e n t s of t h e
44 firms for the vear of 1933 a m o u n t e d to 33,048, 747, c o m p a r e d with 23,603,582 for t h e 30 firms reporting for t h e same year, C o m p a r a b l e statistics on s h i p m e n t s for t h e
companies, now r e p o r t i n g b y years, from 192S to 1933, inclusive, were as follows (in gross): 1928, 31,943,016; 1929, 33,765,8%; 1930, 31.905,933; 1931, 31,413,508; 1932, 26,947,949;
a n d 1933, 33,048,747
D a t a are not available for this period on production and stocks, nor are m o n t h l y figures on s h i p m e n t s available. It m a y be noted from the trend
of these d a t a t h a t t h e m o n t h l y figures prior to 1934 had a d o w n w a r d bias
Basis of e s t i m a t i n g c a p a c i t y was changed in c o m p u t i n g the new series
D a t a for 1934 revised"
see p . 52 of t h e M a y 1935 issue; for 1935 revisions see p . 56 of t h e J u n e 1936 issue.




57

SUKVEY OF CUEEENT BUSINESS

November 1936
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Sept em
in the 1932 Annual Supplement to the Survey
her

1935

1936

Septem- October Novem-1 December
ber
ber

February

March

April | May | Juno I July

August

TEXTILE PRODUCTS
CLOTHING
Hosiery:*
Production
thous. of dozen pairs...
Shipments
tbous. of dozen pairs..
Stocks, end of month
thous. of dozen pairs..

9,577
10,816

11, 574
12,164

10, 293
10, 231

8,918
8,648

10,099
8,487

9,252
8,662

9,832
10, 420

10, 201
10,176

9,270
9,379

9,479
8,847

9, 983
9,322

10, 111
11, 156

17,930

17,299

17,319

17, 547

19,261

19,951

19,464

19, 589

19,581

20,314

20, 975

19, 930

451

553

512

500

590

516

551

577

543

406

COTTON
630
Consumption!
thous. of bales..
Exports:
Quantity, exclusive of linters
thous. of bales._
Qinnings (total crop to end of month)
:5.O31
thous. of bales..
9
Imports#
...thous. of bales..
Prices:
. 12.5
To producer
dol. per lb_.
. 123
Wholesale, middling, N. Y
dol. per lb._
Production, crop estimate
thous. of bales.. • 11, 609
2,827
Receipts into sights
tbous. of bales..
Stocks, end of month:f
Domestic, total mills and warehouses
7. 655
thous. of bales..
849
Mills
thous. of bales..
6, 808
Warehouses
thous. of bales..
6, 378
World visible supply, total ..thous. of bales,.
4, 578
American cotton
thous. of bales..

487

712

1,135

4,232

7,744
8

9,357
7

.106
.108

.109
.112

.115
.120

h

9, 755
13

<* 10, 248
14

353

555

352

298
1.374
13

10, 420
16

2,261

3,145

2,315

.114
.121
/10,638
1,332

7,866
723
7,143
5,205
3,968

9,560
1,078
8,482
7,060
5,807

9,978
1,349
8,629
7,697
6,383

9,820
1,431
8,389
7,768
6.363

9,281
1,436
7,845
7,590
5,918

8,653
1,405
7,248
7,385
5,591

7,907
1,337
6,570
6,825
4,992

7,179
1,190
5,990
6,540
4,574

6,329
1,090
5, 239
6,025
4,121

5, 514
989
4, 524
5, 423
3,579

.300
.405

.312

323
.415

.321
. 415

.299
.415

.290
.415

.278
.393

.274
.385

.271
.385

.271
.373

14,128
4,315

15,529

16,935
5,174

12,466
4,910

15,489
9,489

15,392
8,799

21,745
12, 316

19, 685
9,836

18.840

.111
.119
819

691

496

437

381

310

201

122
123
121
808

4, 834
H97
3,938
4. 899
3,091

5,089
752
4,337
4,748
2 986

.295
. 385

.301
.388

18, 527
4, 705

24,412
5,802

.110
.116

.109
.114

.112
.117

.112
.117

.114
.120

. 126
. 132
1?

COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
. 303
22/ls, cones (Boston)
dol. per Ib_.
.401
40/ls, southern spinning*
dol. per lb..
Cotton goods:
Cotton cloth:
Exports§
.thous. of sq. yd—• 14,387
7,098
Importst#
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._ 107,706
Dyed, colors
thous. of yd_. 100,042
6,420
Dyed, black..
_
thous. of yd..
Printed
thous. of yd— 86,514
Stocks:*
Bleached and dyed
thous. of yd.. 171,340
Printed..
thous. of yd..
86, 798
Spindle activity:t
Active spindles
thousands..
23, 514
Active spindle hours, total
millions of hours.
8,088
Average per spindle in place
hours..
289
Operations.
percent of capacity.

5,876
.064

.074

.078

8, 680

.064

.064

082

.083

.058

.056

.055

.053

.071

.070

.067

.051 j
.075

.065 |

14, 624
. 059

. 059

.072

.075

.054
.066

93,013
87,921
6,151
86,948

110,885
102, 066
6,499
97,972

102, 292
96,507
5,399
97,331

101,310
84,239
3,969
104, 720

97,435
87,685
4,554
100, 528

92,807
90,390
4,118
91,860

107,893
101, 739
4,140
95, 274

104,837
103,305
4,087
91,074

105,062
98,345
4, 364
89,518

104,
90,
4,
90,

630
398
675
338

101,904
91,620
6. 357
91, 273

104, 667
100, 061
7, 690
91,157

195,421
88,292

199, 328
93, 795

205,719
95, 790

203, 494
107, 382

197,107
105,464

198,508
103,179

183, 292
99, 684

187, 333
93, 275

191,956
103,419

188,124

135, 548
94, 557

154, 264
88, 815

23, 252

22,431

7, 855
279
119.8

270
115.8

105, 782

22,682

23,128

23,194

23,399

23. 323

23,348

6,182
207

7,437
251
«103.7

233
101.1

6,804
233
103.8

7,709
266
111.9

6,735
233
105. 2

583
419

494
462

464
522

473
557

477
487

517
454

422
399

433
416

428 i
446

498
623

614
808

633
586

465
241

468
145

514
509

522
312

499
392

447
611

423

420
551

495
683

626
699

672
1,242

594
2,441

.60

.60

36, 658
4,753

42,016
6,315

23,182

23,119

22,833

7,254
251
« 107. 9

7,313
255
«110.7

6,896
242
105.2

23, 021

125. 8

R A Y O N A N D SILK
Rayon:
Deliveries:*
Unadjusted
1923-25=100-.
Adjusted
1923-25=100..
3-mo. moving average of adjusted index
1923-25=100..
Importsi#- — thous. of lb .
Price, wholesale, 150 denier, " A " grade
( N . Y.)
dol. per l i n stocks, imported, end of m o n t h
thous. of lb—
Silk:
Deliveries (consumption)
bales..
I m p o r t s , rawf#
thous. of l b . .
Prices, wholesale:
R a w , Japanese, 13-15, N . Y_dol. per l b . .
Silk goods, composite
dol. per y d . .
Stocks, end of m o n t h :
World visible supply*
bales.. 148, 253
United States (warehouses)
b a l e s . . 29, 553

16, 843

7.320
259
111.0

346

.57

.57

.57

.57

.57

.57

245

238

237

235

231

229

45,156
6,708

48,167
8,218

37, 012
6,061

35. 559
6,365

38,995
6,275

32, 053
5,518

1.868
.97

2.084
1.00

2.092
1.00

1. 958
1.00

1.950

0)

180,180

182, 077
46, 777

185, 748
51,458

194,941
54,941

186,911
56,511

.57

.57

.58

227

227

227

228
36, 000
3,480

34, 564
4,647

32, 087
4,066

31,437
4,143

1.784

1. 733

1.682

1.600

1. 597

1.714

(0

0)

(0

0)

0)

0)

175, 380
64,680

165, 689
53, 689

132, 609
35,409

142, 439
30, 139

.57

158,498 145,266
46,098 ' 40,066

1.791

151, 125
29, 825

e
d
• Revised.
* As of Dec. 13.
As of Oct. 1.
As of Jan. 16.
/ Final estimate.
* Discontinued by reporting source.
* New series. Hosiery compiled by the National Association of Hosiery Manufacturers and estimated to represent 95 percent of the industry For complete series see
p. 19 of the September 1935 issue. Data on cotton clotb finishing are from the National Association of Finisher* of Textile Fabrics and cover practically all the industry,
comparable figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are reported at end of each 4-week
period. Data on cotton yarn, southern spinning from Januarv 1933-April 1934 will be shown in a subsequent issue. Rayon deliveries from January 1923-April 1935 were
shown on p. 19 of the June 1935 issue; these data are compiled by Rayon Organon. New series on world visible supply of silk. For monthly data from January 1922-June
193t, see the July 1936 issue, p. 20.
If For revisions for crop years 1931-32, 1932-33, 1933-34, 1934-35, and 1935-36, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, p. 53 of the October
1934 issue, p. 57 of the October 1935 issue, and p. 57 of the September 1936 issue, respectively.
f For revisions of cotton consumption, domestic stocks, and spindle activity for crop years 1931-32, 1932-33, 1933-34, 1934-35, and 1935-36, see p. 20 of the February 1933
issue, pp. 52 and 53 of the November 1933 issue, p. 53 of the October 1934 issue, p. 57 of the October 1.935 issue, and p. 57 of the October 1936 issue, respectively.
5 For 1932 revisions see p. 53 of the June 1933 issue; for 1933 revisions see p. 20 of the September 1934 issue; 1934 revisions are shown on p. 19 of the December 1935 issue.
# Bee footnote on p. 37 of this issue Data revised for 1933; see p. 20 of the October 1934 issue; data also revised for 1934, see p. 20 of the December 1935 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. 63 of the June 1933 issue, for 1933 revisions see p. 20 of the October 1934 issue, and for 1934 revisions see p. 20 of the December 1935 issue.




58

SUEVEY OF CURRENT BUSINESS

1936
1935
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found Septem- SeptemOctober Novemin the 1932 Annual Supplement to the Survey
ber
ber
ber

November 1936
1936

DecemJanuary
ber

February

March

April

May

June

46, 593
17, 294
17,207

54 533
20, 075
17, 541

August

July

TEXTILE PRODUCTS—Continued
WOOL
Consumption:
Total, grease equivalent basisj
80, 293
thous. of lb._ ' 60,763
Apparel class, scoured basis*..thous. of lb_. > 21,477 28, 994
21, 952
Imports, unmanufactured^
thous. of lb__ 19,639
Operations, machinery activity:*
95
113
Combs, worsted
percent of capacity..
Looms:
61
Carpet and rug
percent of capacity..
41
Narrow
percent of capacity..
66
Wide
percent of capacity..
Spinning spindles:
Woolen.
..percent of capacity..
Worsted
percent of capacity..
Prices, wholesale:
.89
.78
Raw, territory, fine, scoured...dol. per lb_.
.33
Raw, Ohio and Penn., fleeces.dol. per lb_.
.38
Suiting, unfinished worsted, 13 oz. (at mill)
1. 603
dol. per y d . .
1.634
Women's dress goods, French serge, 54" (at
1.027
factory)
dol. per y d . .
1. 074
Worsted yarn, 2/32s, crossbred stock, Bos1.26
1.11
ton
dol. per lb...
16, 156
23,832
Receipts at Boston, totalA
thous. of lb_.
13, 153
19, 385
Domestic—
thous. of lb_.
3,004
4,446
ForeignA
thous. of l b . .
Stocks, scoured basis, end of quarter :*<[
Total
thous. of l b . . 125, 940 156, 6P4
Domestic
thous. of lb_. 99, 601 137,82:
18.872
26, 339
Foreign..
thous of lb_.
81,967
111,770
Combing
.thous. of lb_.
43, 973 » 44, 924
Clothing
thous. of l b . .

h

78, 727
»29, 565
23, 498

* 72, 993
» 27, 528
18, 041

> 73, 367 >73,908
>27.730 > 28, 223
18, 467
21,167

64, 193
24, 488
21, 212

b
h

53, 460
20, 369
25, 298

6

55, 387
* 20, 588
23, 883

b
b

& 68, 718 > 63, 449
& 24, 697 & 23, 005
17, 546
16, 079

125

108

107

117

88

72

93

93

106

54
42
84

53
44

45
43
90

46
48
90

52
44
90

50
38
80

50
36
76

48
34
76

48
36
74

47
36
69

56
43
73

106
81

104
83

93
73

95
62

96
68

85
59

82
60

87
57

87
57

90
59

.81
°. 36

.39

.84
.39

.87
.39

.92
.42

.93
.42

.88
.37

.87
.37

.90
.38

.89
.39

1.624

1.708

1. 733

742

1.782

1.782

1.782

1.040

1.052

114

1. 114

1.114

1. 114

1. 114

1. 114

1.25
18,525
11,803
6,722

1.29
19, 214
10, 982
8,232

1.30
20, 495
6, 071
14,424

1.28
25, 599
21, 761
3.838

1.30
54, 421
50, 424
3,997

1.29
66, 708
64, 300
2,408

1.28
21, 694
20, 101
1,592

1. 733

1. 733

1.064

1.064

1. 101

1.30
12.875
5, 285
7,590

1.31
17,524
6,410
11,113

1.33
18,581
4, 576
14,006

I

'116,299
° 86, 383
«29,916 1
°71,531 i
« 44,768 I

i

i

1.33
22, 258
4,845
17,413
105,096
60.473
44,623
60,429 !
44,667 I

.89
.38

•147, 057
410,898
a
36,159
° 98. 310
* 48, 747

MISCELLANEOUS P R O D U C T S
Buttons, fresh-water pearl:
Production
pet. of capacity..
Stocks, end of month
thous. of gross..
Fur, sales by dealerst
thous. of dol..
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of month
thous. linear yd_.
Pyroxylin spread
thous. of lb_.
Shipments, billed
thous. of linear yd_.

56.0
7, 550
v 2, 6 IS

43.7
7,215
3,092

50.2
7,215
2,158

52.8
7,136
1,193

48.9
7,151
1,224

45.0
7,925
2,493

53.7
7,956
3,761

53.4
7,989
4,045

51.9
8, 003
4, 053

51.2
8,046
3,857

50.5
8,061
3,133

42.6
7,690
3,443

2,668
6, 087
5,232

2, 589
4.692
4,412

2,592
5,125
4,616

2,300
4,152
4,084

2,154
3,895
3,845

2,033
3, 951
3,715

1, 943
3, 894
3,876

2,475
5,121
4,689

2,459
5,647
5,118

2, 273
5,423
5,013

2,000
4,930
4,608

2,460
4,686
4,501

2,612
5,375
•1,972

136
72
39
25

205
97

227
106
93
28

295
199
70
26

376
234
71
71

4,573
3,537

7,603
1,607

5, 222
3, 945

4, 424
3, 438

4, 545
3, 307

3,414
2,335

a

55.2
7,660
3, 575

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, totalf
Commercial (licensed) t
Military (deliveries).
For export

number..
number..
number..
number..

124
59 |
39
26

109 !
61 I
37 |
11

141
83
n
49

159
112
17
30

4, 777
3. 643

3,931
2,629

5,576
4,087

5, 515
3,639

12, 703
5, 622
7, 081

14, 580
7,471
7,109

30, 529
22, 491
8,038

28,012
17, 736
10, 276

25,654
15, 867
9, 787

25,959
16,046
9,913

28, 920
18, 921
9,999

26,053
17,723
8,330

28 575
17 727
10 848

24, 042
14, 987
9, 055

22, 52o
12, 714
9,811

15, 728
8,323
7,405

77, 651
46, 114
30, 716
820

74,188
42,179
31,122
887

90,191
60. 531
28,708
951

97, 508
64. 605
31,906
997

88, 649
56, 284
31, 868

87,169
55, 232
31,432
505

143,515
94,664
48,044
807

172,982
116,297
55, 705
980

176 316
116,569
58, 695
1 051

186, 550
125, 916
59, 606
1, 028

168, 685
112, 795
54, 980
910

140,436
91, 206
48,368
861

39, 700

75, 907

132,315

149,728

124
56
50
18

24

A U T O M O B I L E S ||
Exports:
Canada:
Automobiles, assembled, t o t a l . n u m b e r .
3,514
Passenger cars
number..
2,153
U n i t e d States:
Automobiles, assembled, total S
number..
10,939
Passenger carsc?
number,
4, 564
Trucksc?
number..
6, 375
Financing: <g>
Retail purchasers, total
thous. of d o l . J 122,158
N e w cars
thous. of doL_
76,863
Used cars
_ . t h o u s . of dol_.
44,768
Unclassified
thous. of d o l .
828
Wholesale (manufacturers t o dealers)
thous. of d o l . . l 55,341

6,607 !
5,143 I

118,872 i 113,830

3,726 |
3,108 |

154,147 i 189,481 1 180,665 I 174,277 I 162,404

;

127,032

• Revised.
v Preliminary.
# See footnote on p . 37 of this issue.
6
Since J u l y 1934 report h a s been on a weekly basis. D a t a for September a n d December 1934, M a r c h . J u n e , September, a n d December 1935, a n d J a n u a r y . April, and
J u l y 1936 are for 5 weeks; other m o n t h s , 4 weeks. Figures for J u l y 1934 a n d succeeding m o n t h s are computed from Census Bureau figures so as to represent 100 percent of
t h e wool i n d u s t r y ; earlier figures incomplete.
* N e w series. Wool stock series began in J u n e 1934. See p . 20 of t h e J u l y 1935 issue for earlier data and explanation of n e w wool consumption series.
• Beginning with t h e J u l y 1934 report t h e statistics are reported on t h e basis of 4 and 5 weeks, t h e weekly distribution being determined b y t h e S a t u r d a y s . T h e statistics presented herewith are still based on t h e pre-code computed normal (currently based on t h e single-shift performance over t h e 5-year period 1928-32). T h e current data
represent practically complete coverage of t h e i n d u s t r y . Since December 1934 no allowance has been m a d e for holidays.
A F o r e i g n receipts beginning J a n u a r y 1934 are compiled b y U, S. Department of Agriculture a n d are not comparable w i t h d a t a carried t h r o u g h December 1933. T h i s
results in a total figure which also is not comparable with earlier d a t a .
1 Compiled b y t h e Bureau of the Census and represent stocks of raw wool held b y all dealers, t o p m a k e r s , a n d manufacturers w h o usually hold significant stocks of wool.
T h e figures for t h e 3 q u a r t e r s of 1934 have been revised to include t h e "grade not s t a t e d . "
t Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; scoured wool is multiplied b y 2 a n d pulled wool b y \\i.
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 t h a t those w h o wish to keep series going have their names placed on Bureau of the Census mailing list for t h e m o n t h l y wool consumption
report, from which can b e c o m p u t e d t h e present d a t a , using formula given.
§ F o r 1932 revisions see p . 53 of t h e J u n e 1933 issue, for 1933 revisions see p . 20 of the October 1934 issue, a n d for 1934 see p . 20 of t h e D e c e m b e r 1935 issue.
S D a t a revised for 1932, see p . 54 of the J u n e 1933 issue. D a t a revised for 1933, see p . 20 of t h e September 1934 issue; a n d for 1934, p . 19 of t h e December 1935 issue.
|| Index of sales of new passenger cars is shown on p . 26 of this issue.
t D a t a for 1935 revised (airplanes). See p . 58 of t h e April 1936 issue. F u r sales revised for 1935, see p . 58 of t h e J u l y 1936 issue.
<8>Of the 282 identical organizations reporting originally 8 discontinued financing in J a n u a r y , 2 in F e b r u a r y , 2 in M a r c h , 5 in J u n e , 1 in July, 2 in August, 1 in September,
1 in October, a n d 2 in December, 1934.




59

SURVEY OF CURRENT BUSINESS

November 1936

Monthly statistics through December 1931, 1936
together with explanatory footnotes and references to the sources of the data, may be found Septem- Severnin the 1932 Annual Supplement to the Survey
ber

1935
October

1936

Novera- Decem- January

Febru-

Marcb

April

May

June

July

53
32, 753

48
32,542

56
35,110

67
38, 560

' August

TRANSPORTATION EQUIPMENT—Continued
AUTOMOBILES—Continued
Fire-extinguishing equipment:!
Shipments:
59
Motor-vehicle apparatus
number..
Hand-type
...number.. 31,105
Production:
Automobiles:
4, 655
Canada, total
number..
2,481
Passenger cars
number..
United States, totalf
number.. 135,130
Passenger carsf •
number.. 90, 597
Trucks f
number.. 44,533
1,104
Automobile rims
thous. of rims-.
Registrations:
New passenger carsf
number.. 208, 896
New commercial cars*
number.. 54,611
Sales:
General Motors Corporation:
To consumers
number.. 85, 201
19, 288
To dealers, total \
number.
4,669
U. S. dealers
_
.number..
Shipments, accessories and parts, total*
114
Jan. 1925-100..
Accessories, original equipment
108
Jan. 1925 = 100..
98
Accessories to wholesalers..Jan. 1925=100..
153
Replacement parts
Jan. 1925 = 100..
105
Service equipment
Jan. 1925=100..

49
28,362

31, 556

65
27,587

53
25, 516

38
32,120

42
23,932

52
31, 203

36, 573

4,660
5,188
8,273
13, 491 13, 789 13. 302 13, 268 18,021 24,951
16,400 10, 475
20.006
8,192
3,051
3,402
10,916
14, 488 20, 247 16, 389 13, 126
6,803
10,853
10, 666 11,261
87, 540 272, 043 395,059 404, 528 364, 004 287, 606 420,971 502, 775 460, 565 452, 955 440, 999 271,291
56, 097 213.310 336,914 343, 022 298, 274 224, 816 343,523 417,133 385, 507 375, 894 372, 402 209, 754
31,443
68,597 61, 537
58,733
58,145 61,506
65, 730 62, 790 77, 448 85, 642 75,058 77,061
1, 052
1,654
1,804
1,841
1,876
1,716
935
1,877
1,261
2,258
1,912
1,960
157,098 148,389 220, 262 237 194 215, 782 176, 668 301, 272 397,190 392, 750 369, 423 357,490 262, 912
41,390
43,243
37,616 38,000 43,760 40,301
51,817 57,000 62,183 56,000 63, 695 59, 222
66, 547 68, 566 136,859 122,198 102,034 96,134 181,782 200,117 194,628 189, 756 163, 459 133, 804
39,152 127, 054 182, 754 185. 698 158, 572 144,874 196, 721 229, 467 222, 603 217, 931 204, 693 121,943
22, 986 97, 746 147,849 150, 010 131,134 116, 762 162,418 194, 695 187,119 186,146 177, 436 99, 775
105
129
135
91

132

135

135

145

123

149

162

150

157

136

110

137
150
141

148
147
139
80

155
160
107
73

156
170
114
85

127
160
116
84

160
120
109
97

181
130
125
104

163
110
130
113

166
112
151
115

145
88
148
109

108
75
147
106

RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity
mills, of lb_. 171,700 178, 703 178,125 176, 727 175, 772 173,507 172, 939 172, 620 172,460 172, 341 172,152 172, 033 «171,934
Number, total
thousands-.
1,817
1,763
1,851
1,778
1,842
1,827
1,780
1,776
1,772
1, 769
1,767
1,791
1,784
Bad order, total...
number.. 241,573 284, 427 273,125 269,984 266, 876 256,511 254,598 249,246 253,125 260,013 254,447 258,198 256, 903
Percent of total in bad order
15.5
14.9
13.9
15.0
15.0
14.5
14.2
14.9
14.6
14.7
14.6
14.5
14.8
Locomotives, railway:
Owned:
2,197
2,179
2,206
Tractive power
mills, of lb..
2, 215
2,212
2,211
2,199
2,194
2,193
2,189
2,182
2,186
2,185
Number
44,455
45,610 45. 565 45,375 45,179 45, 088 45, 009 44,966 44, 835 44,742 44, 682 44, 564
45,686
Awaiting classified repairs number..
10, 127
8, 369
9,914
9,610
10, 335 10,187
9,389
9,642
9,119
8,906
8,736
9,825
9,556
Percent of total
22.2
18.8
21.4
22. 6
22.3
21.8
20.4
21.8
21.2
21.4
21.0
19.9
19.6
Installed
number..
53
106
86
43
54
60
81
46
65
91
53
60
53
Retired
number..
108
215
221
119
241
103
284
138
196
184
124
132
171
Passenger cars:
On railroads (end of quarter)..number..
40,509
41,405
40,199
39,915
Equipment manufacturing:
Freight cars:
7,236
1,050
Orders, new
„_
cars..
3,100
110
10, 030
810
25
3,650
627
9,677
4,320
4,4G9
3, 225
Orders, unfilled, total
cars.
12,715
18, 434
7, 440 6,432
4,489
11,315
12, 629 13, 478 15, 683 22, 964 25,311
24, 373 20, 530
5,224
Equipment manufacturers
cars.
11,787
5,775
4,514
2,798
7,035 14, 646 15,907
5,471
15, 092 12,924
4,444
4,052
7,491
Railroad shops
cars.
6, 647
1,665
1,981
1,691
8,648
8,318
6,871
8, 577
8,007
9,404
9,281
7,606
Shipments, total
cars.
1,012
4,964
29
1,281
1,755
2,168
2,514
189
2,172
1,930
3, 854
746
430
1,912
4,963
1,281
1,754
2,066
Domestic
cars..
27
2,299
746
430
2,056
1,924
3,804
186
Locomotives, industrial electric (quarterly):
Shipments, total
number..
»104
Mining use—
number..
"103
Locomotives, railway:
Orders, new
number46
14
24
13
10
24
Orders, unfilled, end of month:
Equipment manufacturers (Census),
total
number.
123
84
37
101
106
119
125
117
Domestic, total
number.
107
95
100
36
78
116
117
107
Electric
number..
44
33
33
33
33
40
42
41
Steam..
number63
62
67
3
45
7fi
75
66
Railroad shops (A. A. R.)...number.
6
12
6
7
9
8
8
8
Shipments:
Domestic, total
number..
14
1
0
4
5
12
18
Electric
number..
3
3
0
0
1
3
2
Steam
number.
11
1
0
0
5
9
16
Exports, totalf
number..
1
2
3
0
1
8
3
Electrics
number..
0
0
0
0
0
0
2
Steam
number. _
1
2
3
0
1
8
1
Passenger cars:
Orders, new, placed by railroads
number..
37
0
50
20
34
0
Orders, unfilled (end of quarter)
number.
139
Shipments, total
number..
0
0
12
2
0
Domestic
number..
0
0
12
0
2
ELECTRIC TRUCKS AND
TRACTORS
Shipments, industrial, total
Domestic
Exports

number..
number. _
number..

112
101
11

72

117
114
3

115
103
12

100
74
26

84
78
6

75
71
4

91
13

113
110
3

125
115
10

• 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.
f Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; exports of locomotives for 1932- p 55 of the
June 1933 issue for 1933, see p. 20 of the September 1934 issue, and for 1934 p. 19 of this issue. 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. Data for 1935 and 1936 through March revised. See p. 59 of the June 1936 issue.
• Taxicabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual companies.
1 United States and Canadian dealers, plus overseas shipment.




60

SURVEY OF CURRENT BUSINESS

November 1936

1936

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

September

fm" Januaryj

' | . } I U ' I March

April j May i June

July

August

TRANSPORTATION EQUIPMENT—Continued
SHIPBUILDING
United States:
Merchant vessels:
Under construction.thous. of gross tons..
Completed during month,
total gross tons..
Steel
_
total gross tons..
World (quarterly):
Launched:
Number
._
ships__
Tonnage
thous. of gross tons..
Under construction:
Number.
ships..
Tonnage
thous. of gross tons..

76

15,860
8,464

5, 953
2,857

119
263
268
1,198

82

9, 266
1,707

4,617
2,660

36, 651
8,017

119

133

137

154

154

154

213

221

17, 576
10, 242

429
17 297

20,898
13, 386

21 321
8 024

24 442
15 442

22, 040
12, 885

15,949
11 ,407

14 US
3 992

18

124 j .
359
393
1, 543

148
394

230
467

1,820

1, 951

588

CANADIAN STATISTICS •
Business indexes:*
115.3
101.9
107.2
110.0
Physical volume of business
1926=100..
106.2 ; 105. 2
117.6
102.5 i 109.5
Industrial production, total. .1926=100..
113.5
108.8 i 107. 0
55.4
49 3 ! 50. 7
37.0
95.3
Construction t i A 1926=100..
23.6 !
a
208.4
195. 9 I » 202. 6 *201.8 °200.9 I a 199. 0
Electric power®
1926=100..
115.4
100.0
105.4
118.5
Manufacturing
1926=100..
96. 1
112.5 !
128.5
103.7 I 114.5
114.8
Forestry
..1926=100..
118.9 j 106. 7
167.8
144.7 ! 169.6
146.3
Mining t
1926=100..
160.8 I 144 4
108.8
100. 1
100.7
100.2
100.3
Distribution
1926=100..
99.3
79.3
71.0
66.8
69.6
72.1
Carloadings
1926=100..
66.5
118. 9
94.3
86.5
110.5
100.3
Exports (volume) X
1926=100..
78.0
87.0
85.4
93.7
Imports (volume).
1926=100..
77.6
76.3
70.2
129.1
122.8
124.1
Trade employment..
1926=100..
123.6
124. 0
128.8
162. 6
86.6
43.3
Agricultural marketing
1926=100..
114.2
39.8
34.0
175.8
86.1
36.4
Grain marketings
1926=100..
119 5
29.5
27.4
103.5
88.7
74.3
Livestock marketings...
1926=100..
90.2
85. 7
63.5
Commodity prices:
3
80.6
« 80. 5
79.6
"80. 3
80. 5
Cost of living index J
1926=100..
81.9
72.7
72.6
«72.4
73. 1
72.9
W holesale price index #
1926 =» 100..
76.4
107.7
104.6
102.7
106.1
99.1
Employment, total(first of month). 1923=100..
107.1
119.9
95.9
Construction and maintenance. 1926=100..
110.9
117.4
74.8
109.0
103.5
101. 4
100.8
103.3
95.8
Manufacturing
1926=100..
105. 9
132. 5
131.1
128.6
129 5
129.9
Mining
1926=100..
140.2
117.1
116.3
127.8
120.5
118.0
137. 5
Service
1926=100..
124. 6
131.0
121.8
123. 8
135.9
126.3
Trade
1926=100..
84 5
84.0
86.4
77.9
89.4
85.8
Transportation.
1926=100..
Finance:
Banking:
3,022
2,932 i
2,992 |
Bank debits
mills, of doL.
3,134
2,426
2,908
85.4
80.8
82.7 !
Interest rates
1926=100..
88.3
85.5 I
104 |
Commercial failures*
number..
115
112 i
98
107
Security issues and prices:
I
New bond issues, total t
thous. of doL. j 177.870 195,994 j 66,724 147,080 j 121,372 I 133, 384 !
4.09 !
3.87
4.23 I
Bond yields
percent.. | 3.35
4.10 |
3.96 |
96.1 j 105.8
Common stock prices, totalt-1926=100..
93.6 i
112.9 |
119. 5
107.4 |
Foreign trade:
I
95, 685
91,323
79,245 j 64,744
78,846
Exports tthous. of doL. 89, 582
Imports
..thous. of dol_. 52, 983 44,689 ! 52,751 ! 55,958
38,569 j 40,590 j
Exports, volume:
26, 575
17,044 |
7,557
Wheat
thous. of bu_.
17.273
28,919
525
314
Wheat
flour
thous. of bbl.. 20, 720
396
501 !
444 i
Railway statistics:
214
Carloadings
thous. of cars..
173
251
I
251
174 j
Financial results:
32,279 ! 27,154
29,585
22,234
Operating revenues
..thous. of doL.
26,656 I 21,440
23,598
20,854
23,436
Operating expenses......-thous. of doL.
d
7f730
5,290
Operating income
thous. of doL.
5,380
205
21,333 !
Operating results:
4,289 I
2,712
2,937 i 2,240
Freight carried 1 mile
mills of tons..
1,763
1,934 i
108
Passengers carried 1 mile-mills of pass..
137
117
101 I
140 I
Commodity statistics:
Production:
Electrical energy, central stations
I,919
2 163
2, 143
mills, of kw.-hr..
2,042
2,157
2,091
54
65
Pig iron
thous. of long tons..
46
61
71
Steel ingots and castings
94
91
95
99
thous. of long tons..
100
1,535
1,604
Wheat
flour
thous. of bbl..
957
1 825
982

a

104.9
104.9
52.6
193. 9
96.2
111.3
186.2
104.8
78.4
103 6
78.9
127.3
62.7
53.9
102.2
«80.3
72.5
98.4
74.4
98.5
129.4
116.4
121.6
78.2
2,767
80.6
131

138,853
3.86
120.7

a

103. 3
104.1
52.0
207. 8
98.7
114.4
158.2
101.3
75.4
92.7
71.4
124.2
89.5
88.3
95.0
«80.4
72.4
98.9
78.2
99.5
129.1
117.5
123. 1
78.9

108.8
109.2
26.8
» 220. 3
10*5.0
124.0
187.2
107.7 I
82.8 !
123.9
82.7
125.1
115.8
116.8 i
111.0 |
« 79. 7 !
72.2 !
97.4 i
71.8 !
101.1 !
128.2 |
118.5 !
121.0 j
73.5 !

91.7
128.5
110.0
110.6
107.2

110.3
111.6
44.7
• 213. 1
111.5
122.9
152.5
106.6
76.2
104.8
90.9
127.8
73.9
70.3
89.8

« 80.0
71.8
99.5
79.4
102.7
127.4
120.4
123.3
82.8

«80.1
72.3
102.0
87.0
103. 4
132.1
123. 0
127.1
85.4

109.7
110.6
32.7
° 207. 7
110.3
119.0
170.9
107.1
74.1
113.8

110.0
111.1
54.9
213. 2
108. 9
123.1 j
147. 2
107.1
78.0
111.1 I
85.2 '
128.0
103. 9
105. 2
97.9

45.8
209.8
113.0
123. 9
174.3
107. 6
81.2
122.9
76.7
127.2
216.9
246.1
86.0

« 80.4
74.4
104.6
97.4
104.7
134.1
131.7
127.3
87. 1

" 81. 0
76.2
105.6
102.9
104.9
137. 9
135.8
126.3
88. 7

113.2
115.2

2,979
2.894 I 2, 619
3.136
76.6 i
72.0 !
73.3
71. 2
91 i
!
123,332 I 103,186 ! 46,576 i 190, 179 i 70,692 ! 26, 891
3.70
3.76 , 3.67
3.51 ! 3.45
3.41
117.4 I 115.9 i 112.8 ; 113.8 i 114.3
114.7
2,599 i
77.3
103

2,774
78.5
100

62, 798
41,597

74,582
52,681

57,964
42,217

84,515 :
59,121 i

79,942 1 84,968
57,598 I 53,821

93.530
50,258

14, 241
340

13,146

6,752
281

27,317 !
449 ;

25,764 : 25,913
430 i
445

21, 157
388

477 |

180 I
22,597
21,187
339
1,814
117

193

192 !
25, 535
22, 465
1,914
2,056 i
126 !

26, 050
22, 320
2,586

I

190
27,022 !
23,789
1,953

26,049
24,049
832

27,301 '
25,335 :
890

2,081
125

1,990 i
128 :

1.775
148

1.941 i

1,938
56

2,135
54

2,164
54

2,083 I
59 !

2, 029
56

2, 021
35

2,020
39

93
1,019 i

101
1,172

107 i
1,009

95
1,196

82
1,149

69
1,301

1,363

d

° Revised.
Deficit.
• Statistics in this section, with few exceptions, are from the Dominion Bureau of Statistics, Ottawa.
1 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.
t Revised series. See p. 55 of the April 1934 issue, construction and mining, for 1933. Series on common-stock prices revised hack to December 1932 as a result of additional stocks being added; for revision see p. 56 of the April 1934 issue. New bond issues revised ior the year 1935; see p. 60 of the April 1936 issue.
# Number of commodities changed from 502 to 567 beginning with month of January 1934.
cf 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 of the October 1934
issue.
A Data for 1935 revised. • For revisions see p. 60 of the May 1936 issue.
t Data on exports, both index numbers and absolute figures revised beginning April 1933 to include nonmonetary gold. Revisions not shown in the July 1936 issue
wil] -aopear in a subsequent issue.
<§) Series revised beginning January 1924. Revisions not shown above will appear in a subsequent issue.




U. S . G O V E R N M E N T P R I N T I N G O F F I C E t 1 9 3 6

INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth
54
Acceptances
31,32
Accessories—automobile
59
Advertising
25, 26
Africa, United States trade with
37
Agricultural products, cash income received
from marketings of
23
Agricultural wages, loans
31
Air-conditioning equipment
51
Air mails
26
Airplanes
38,53
Alcohol, denatured, ethyl, methanol
39
Aluminum
52
Animal fats, greases
39,40
Anthracite industry
22, 29,45,46
Apparel, wearing.
28,30,57
Argentina, United States trade with; exchange; flaxseed stock
33,37,40
Asia, United States trade with
37
Asphalt
_"__
47
Automobiles
22, 26,27, 28,30,58,59
Babbitt metal
52
Barley
43
Bathroom fixtures
50
Beef and veal
44
Beverages, fermented malt liquors and distilled spirits
42
Bituminous coal
22, 30, 46
Boilers and boiler
fittings
50
Bonds, prices, sales, value, yields
35, 35
Book, publication
54
Boxes, paper, shipping
54
Brass
53
Brazil, coffee; exchange; United States trade
with
33,37,45
Brick
_
56
Brokers' loans
32
Bronze
___
53
Building contracts awarded
24, 25
Building costs
25
Building materials
48, 49
Business activity index (Annalist)
__
22
Business failures
32,33
Butter
_..
42
Canadian statistics
._
60
Candy
_
45
Canal traffic
.
38
Capital issues
__
35
e
Carloadings
22,37,38
Cattle and calves
44
Cellulose plastic products
41
Cement
22, 27, 28,30,56
Chain-store sales
26, 27
Cheese
42
Chile, exchange, United States trade with-- 33, 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
23,24,45
Coke
46
Collections, department stores
26
Commercial paper
31, 32
Communications
38
Construction:
Contracts awarded, indexes
24
Costs
25
Highways
25
Wage rates
31
Copper
52
Copper wire cloth
53
Copra and coconut oil
40
Corn
43
Co3t-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
36
Douglas
fir
48
Earnings, factory
29, 30, 31
Eggs
23,44
Electrical equipment
52, 53
Electric power, production, sales, revenues- 22, 41
Electric railways
37
Employment:
Cities and States
28, 29
Factory
27, 28, 29
Nonmanufac
taring
29
Miscellaneous
29
Emigration
38
Enameled ware
50
Engineering construction
25
England, exchange; United States trade
with
33,37
Exchange rates, foreign
33
Expenditures, United States Government. _
34
Explosives
39
Exports
36,37
Factory employment, pay ro!ls__ 27, 28, 29, 30, 31
Failures, commercial
32,33




Page
Fairchild retail price index
23
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
Fertilizers
39
Fire-extinguishing equipment
59
Fire losses
i
25
Fish and fish oils
_ __ 40,45
Flaxseed
40
Flooring, oak, maple, beech, and birch
48
Flour, wheat
43
Food products
22-25, 28, 30, 42
Footwear
47,48, 55
Foreclosures, real estate
25
Foreign trade, indexes, values
36, 37
Foundry equipment
51
France, exchange; United States trade with- 33, 37
Freight cars (equipment)
38,59
Freight carloadings, cars, indexes
37
Freight-car surplus
38
Fruits
23,42
Fuel equipment
51
Fuels
45,46,47
Furniture
49
Gas, customers, sale3, 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, 43
Gypsum
56
Heels, rubber
55
Hides and skins
24,47
Hogs
44
Home loan banks, loans outstanding...
25
Home Owners' Loan Corporation
25
Hosiery
I
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 sale3, New England
27
Insurance, life
33
Interest payment
36
Interest rates
32
Investments Federal Reserve member banks32
Iron, ore; crude; manufactures
22,49
Italy, exchange; United States trade with__ 33, 37
Japan, exchange; United States trade with_ 33, 37
Kerosene
47
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, 24,44
Loans, agricultural, brokers', time, real
estate
31,32
Locomotives
59
Looms, woolen, activity
58
Lubricating oil
47
Lumber
22, 24, 27-29,48,49
Lumber yard, 3ale3, stocks
48
Machine activity, cotton, silk, wool
57, 58
Machine tools, orders
51
Machinery
27,28,30,51,52
Magazine advertising
25
Manufacturing indexes
22
Marketings, agricultural
23
Maryland, employment, pay rolls
30, 31
Massachusetts, employment, pay rolls
30, 31
Meats
44
Metals
22-24,27,28,29,30,49-53
Methanol
39
Mexico:
Silver production
34
United States trade with
37
Milk
42
Minerals
.
22,45,52
Money in circulation
34
National Industrial Recovery Act, highway
construction
25
Naval stores
39
Netherlands, exchange
33
New Jersey, employment, pay rolls
29-31
Newsprint
54
New York, employment, pay rolls, canal
traffic
28-31,38
New York Stock Exchange
35,36
Notes in circulation
32
Oats
43
Oceania, United States trade with
37
Ohio, employment
29
Ohio River traffic
38
Oils and fats
39,40
Oleomargarine
40

Page
Paints
41
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, 46-47
Pig iron
22,49
Pork
44
Postal business
26
Postal savings
32
Poultry
23,44
Prices:
Cost of living, indexes
23
Farm indexes
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
29,35
Pullman Co
38
Pumps
51, 52
Purchasing power of the dollar
24
Radiators
50
Radio, advertising
25
Railways; operations, equipment, financial
statistics
37, 38, 59, 60
Railways, street
37
Rayon
57
Reconstruction Finance Corporation, loans
outstanding
34
Refrigerators, household
52
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, 28,30,47,48
Silk
22,23,24,57
Silver
22,34
Skins
47
Softwoods
48
Spain, exchange
33
Spindle activity, cotton
'
57
Steel, crude; manufactures
22, 49, 50
Stockholders
35
Stock indexes, domestic and world
23
Stocks, department stores
27
Stocks (see individual commodities).
Stocks, issues, prices, sales
36
Stone, clay, and glass products
22,
23, 27, 28, 30, 56
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
Tin and terneplate
23, 24, 51
Tires
22, 24, 28,30, 55
Tobacco
22,25,28,30,45
Tools, machine
51
Trade unions, employment
29
Travel
38
Trucks and tractors, industrial electric
59
United Kingdom, exchange; United States
trade with
33,37
Uruguay, exchange
33
United States Steel Corporation
31, 36, 50
Utilities
29, 30, 34, 35, 36, 41, 59
Vacuum cleaners
52
Variety-store sales index
26
Vegetable oils
39,40
Vegetables
23,42
Wages
31
Warehouses, space occupied
26
Waterway traffic
38
Wheat and wheat flour
23,24,43
Wholesale prices
24
Wisconsin, employment, pay rolls
29, 30, 31
Wood pulp
53
Wool
22, 58
Zinc
22,52

THE MOST COMPREHENSIVE MEASUREMENTS OP

are given in
this volume. They provide the most significant
data available for evaluating and analyzing our
economic status. As such the estimates are invaluable to all interested in studying the nature of
the depression and its incidence upon the different types of^income payments and upon the various
industrial segments. . . . Official estimates covering a 7-year period are included in
this report. Income paid out is classified by types of payment and both income produced
and income paid out are shown for approximately 40 industries., The first two chapters are
devoted entirely to a discussion of the concepts, scope, methods, and limitations of the figures.
The Appendix includes a detailed account of the sources of data and methods of preparing each
estimate. . • . Preliminary and summary estimates for recent years have appeared in
articles published in the Survey of Current Business, a monthly publication of the Department
of Commerce. Estimates for 1936 and later years, pending the preparation of another volume,
will appear in subsequent issues of the Survey of Current Business.
OUR NATIONAL ECONOMIC ACTIVITY

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