Full text of Survey of Current Business : September 1934
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SEPTEMBER
1934
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 14
NUMBER 9
SUMMARY OF CHANGES IN STATISTICAL SERIES SINCE PUBLICATION
OF THE 1932 ANNUAL SUPPLEMENT
For convenience there is listed below a tabulation of the changes which have been made in the past 2 years. If back data
have been presented for the new series, a reference to the monthly issues in which such statistics appeared may be found in the
footnotes which are included on pages 22 to 56, inclusive.
NEW SERIES ADDED
DECEMBER 1932
Auto accessories and parts, composite index of shipments.
Canadian statistics, electric-power production index.
Chain-store sales index (Chain Store Age).
Civil service employment, United States.
Convection type radiators, new orders.
Department-store sales, Philadelphia.
Factory employment, Baltimore, Milwaukee, Maryland, and Massachusetts.
Factory pay rolls, Baltimore, Milwaukee, Philadelphia, Maryland, and Massachusetts.
Fairchild retail price index.
Gas oil and distillates, production and stocks.
Gypsum, imports, production and shipments.
Hourly earnings, factory {National Industrial
Conference Board).
Illuminating glassware, new orders, production,
shipments and stocks.
Mechanical stokers, new orders.
Net gold imports, including gold released from earmark.
Pyroxylin rods, sheets and tubes, production and
shipments.
Plumbers' brass, shipments.
Plumbing fixtures, wholesale price.
Residual fuel oil, production and stocks.
Rubber heels and soles, total shipments.
Tin consumption in the manufacture of tin and
terneplate.
Tin and terneplate production.
Trade union members employed, by groups.
Weekly earnings, factory, Massachusetts.
World prices, foodstuffs and raw materials.
JUNE 1933
Airplane travel, passengers carried, passenger miles
flown.
Bond prices, United States Government (Standard
Statistics).
Building costs, all types (American Appraisal
Co.).
Employment, miscellaneous—Federal and State
highways, construction and maintenance.
Face brick, machine production.
Factory employment, Chicago.
Factory pay rolls, New York and Chicago.
Farm products, price indexes of dairy and poultry
products.
Household furniture, plant operations, all districts.
Lard compound, wholesale price, tierces, Chicago.
Lard, refined, wholesale price, tierces, Chicago.
Leather production (Tanners' Council).
Nonmanufacturing employment—banks, brokerage
houses, etc.; dyeing and cleaning; and laundries.
Nonmanufacturing pay rolls—banks, brokerage
houses, etc.; dyeing and cleaning; and laundries.
Rope paper sacks, shipments.
DECEMBER 1933
Cellulose plastic products, production and shipments of nitrocellulose and cellulose acetate
sheets, rods, and tubes.
Construction wage rates (E.N.R.).
Highway construction under the National Industrial Recovery Act.
Home Loan Bank, loans outstanding.
H. L. Green Co., Inc., stores and sales.
Paper board, production and shipments.
Pittsburgh employment index.
Pittsburgh pay-roll index.
Purchasing power of the dollar.
Reconstruction Finance Corporation, loans outstanding.
United States Steel Corporation, shipments of
finished products.
JUNE 1934
Agricultural loans outstanding (six series).
Agricultural products, cash income received from
marketings of.
Beverages:
Fermented malt liquors:
Production, consumption, and stocks.
Distilled spirits:
Production, consumption, and stocks in bonded
warehouses.
Cotton cloth (bleached, dyed, and printed), production and stocks.
Factory employment (Bureau of Labor Statistics).
Factory pay rolls (Bureau of Labor Statistics).
Imports for consumption.
Index of new-passenger-car sales.
Indexes of variety-store sales (new index).
Miik, receipts, Greater New York.
Registrations, commercial truck.
Silk machinery activity (Silk Code Authority).
Sugar, refined, imports and receipts from Hawaii
arid Puerto Rico.
Vacuum cleaners (hand type), shipments.
JULY 1934
Hosiery (Hosiery Code Authority).
Restaurant, total sales and stores (three chains).
Silk spindles (machine activity), Code Administration Committee for the Throwing Industry.
AUGUST 1934
Silk cloth, production, shipments, stocks.
SERIES DROPPED
DECEMBER 1932
Applicants at employment agencies, Western States.
Binders' board, production.
Construction volume (A.G.C.)
Copper:
Production, all series.
Shipments, domestic, refined.
Stocks (North and South America), blister and
refined.
Enameled sanitary ware, baths, lavatories, sinks,
miscellaneous, all series.
Enameled sheet-metal ware, shipments.
Factory operations, proportion full time worked,
miscellaneous group.
Galvanized sheet-metal ware, all series.
Gas and fuel oil, production and stocks (combined
series).
Glass containers, unfilled orders.
Hides and skins, stocks, all series.
Illuminating glassware, orders, production, shipments, and stocks.
Industrial production indexes: Copper (mined),
metals, nonferrous.
Iron and steel, boilers (round and square) and
radiators, new orders.
Leather, sole and belting, production, stocks, all
series.
Leather, upper, production, stocks, all series.
Lumber, walnut, orders, production, shipments, and
stocks.
Methanol, stocks:
At crude plants.
At refineries and in transit.
Milk, condensed and evaporated, total exports,
production, and stocks.
Newsprint, production, percent of capacity.
Paints, varnish and lacquer products, unclassified
sales, 315 establishments.
Pine, North Carolina, production and shipments.
Pine-oil stocks.
Plumbing fixtures, wholesale price (six pieces).
Porcelain, nail knobs, tubes, shipments.
Stock indexes, world copper stocks.
Stokers, mechanical, large (see new series), new
orders.
JUNE 1933
Bond prices, domestic, United States Liberty (New
York Trust Co.).
Brick, face, production (brick drawn from kilns).
Building costs, by types of construction (American
Appraisal Co.).
Cotton textiles, production, shipments, stocks, etc.
Farm products—price index of dairy and poultry
products (combined index).
Glass containers, net new orders.
Gold, held under earmark for foreign account.
Hours of work per week in factories, nominal or
full-time week (National Industrial Conference Board).
McLellan 5- and 10-cent stores (sales and stores).
Rope paper sacks, shipments.
Rubber, scrap, stocks at reclaimers.
Unemployment, applicants, at employment agencies.
Wool-machinery activity, sets of cards.
DECEMBER 1933
Animal glues, production and stocks.
Building cost index of electric light and power construction (Richey).
Building material costs, frame and brick house.
Castings, gray iron, orders, production, receipts, and
stocks.
Explosives, production, shipments and stocks.
Fabricated structural steel, orders and shipments
with percent of capacity.
Federal-aid highway, work approved for construction and balance of Federal-aid funds available
for new construction (new work now paid for by
funds appropriated under N.R.A.).
F. W. Grand, stores and sales (merged with H. L.
Green Co., Inc.).
Hoists, electric, orders and shipments.
Index, new orders.
Index, unfilled orders.
Illuminating glassware, percent of full operation of
orders, production, and shipments.
Isaac Silver & Bros., stores and sales (merged with
H. L. Green Co., Inc.).
Paper board, production and shipments.
Plumbers' woodwork, orders, shipments, and stocks.
Pyroxylin products, production and shipments of
sheets, rods, and tubes.
United States Steel Corporation, unfilled orders.
Yarn, carded sales, all series.
JUNE 1934
Bank suspensions.
Cotton cloth finishing.
Delinquent accounts, electrical trade.
Factory employment (adjusted and unadjusted)
Federal Reserve Board.
Factory operations, proportion of full time worked.
Factory pay-roll indexes (Federal Reserve Board)t
Highway construction under the Federal Highway
Act.
Indexes of five-and-ten (variety) stores sales (old
index).
Marketings, forest products.
Milk, receipts, Greater New York.
Nonmanufacturing employment, canning and preserving.
Nonmanufacturing pay rolls, canning and preserving.
Paper, stocks, all grades, book paper, writing paper,
wrapping paper, and all other grades of paper.
Restaurant sales and stores operated:
Childs Co.
J. R. Thompson Co.
Waldorf System, Inc.
Rope paper sacks.
Sugar, Cuban, raw, receipts at ports and exports.
Silk machinery activity (Silk Association of
America).
Wood-pulp stocks,
JULY 1934
Hosiery, Census Bureau series.
Number 9
S E P T E M B E R 1934
V o l u m e 14
W E E K L Y D A T A T H R O U G H A U G U S T 25, 1 9 3 1
M O N T H L Y DATA T H R O U G H J U L Y
SURVEY OF
CURRENT BUSINESS
P U B L I S H E D B\
U N I T E D STATES D E P A R T M E N T
BUREAU
OF FOREIGN
OF COMMERCE
AND DOMESTIC COMMERCE
WASHINGTON
CONTENTS
SUMMARIES AND CHARTS
Business indicators
Business situation summarized
Comparison of principal data, 1930-34
Commodity prices
Domestic trade
Employment
Finance
Foreign trade
Real estate and construction
Transportation
Survey of individual industries:
Automobiles and rubber
Forest products
Iron and steel
Textiles
Page
2
3
4
5
6
7
8
9
10
11
12
13
14
15
SPECIAL ARTICLE
Highlights of the Wholesale Census, 1933
16
STATISTICAL DATA
Revised series: Exports by grand divisions, countries, and commodities; 1933
20
Weekly business statistics
21
STATISTICAL DATA—Continued
Monthly business statistics:
Business indexes
Commodity prices
Construction and real estate
Domestic trade
Employment conditions and wages
Finance
Foreign trade
Transportation and communications
Statistics on individual industries:
Chemicals and allied products
Electric power and gas
Foodstuffs and tobacco
Fuels and byproducts
Leather and products
Lumber and manufactures
Metal and manufactures:
Iron and steel
Machinery and apparatus
Nonferrous metals and products
Paper and printing
Rubber and products
Stone, clay, and glass products
Textile products.
Transportation equipment
Canadian statistics
General index
Subscription price of the SURVEY!OF CURRENT BUSINESS is $1.50 a year, which includes the 12 monthly
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Foreign subscriptions, $3, including weekly supplements. Make remittances only to
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Postage stamps or foreign money not accepted.
81294—34-
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Inside back cover
SURVEY OF CURRENT BUSINESS
September 1934
Business Indicators
1923-25 = 100
INDUSTRIAL PRODUCTION
INDUSTRIAL PRODUCTION
160
160
100
MANUFACrUfttt (ADJUSTfD)
M i l l HIM!
40
FACTORY EMPLOYMENT AND PAYROLLS
160
CONSTRUCTION CONTRACTS AWARDED
200
100^
100
EMPLOYMENT (ADJUSTED)*
40
TOTAL FREIGHT CAR LOADINGS
160
160
FREIGHT CAR LOADINGS L.C.L
100
40
WHOLESALE PRICES
DEPARTMENT STORE SALES
ZOO
160
100
100
40
200
VALUE OF EXPORTS
200
VALUE OF IMPORTS
100*
200
BANK DEBITS OUTSIDE NEW YORK CITY
160
FEDERAL RESERVE MEMBER BANK LOANS*
100
'ADJUSTED FOR SEASONAL VARIATION
40
* REPORT/MG MEMBER BANKS
O.D. 7&S5
SURVEY OF CURRENT BUSINESS
September 1934
Business Situation Summarized
in business activity during July
CONTRACTION
was in excess of the usual seasonal decline, and
weekly data available for August indicate a continuation of the sagging tendency.
The major influence in the large drop in the Federal
Reserve Board's adjusted production index for July
was the precipitous decline in steel mill operations
which was in part the result of the maintenance of a
rate of production in the second quarter beyond consumption requirements. Other industries in which
greater-than-seasonal declines occurred in July include
lumber, automobile, rubber, and tobacco manufacturing. Activity in the textile industries declined slightly
in accordance with the usual trend, following the
general curtailment enforced during the preceding
month. Production in the leather and leather products industries expanded by the usual seasonal amount,
while there was an extraseasonal gain for the food
products industry, due mainly to the large increase in
meat packing resulting from the drought. The output
of the mineral industries declined.
Employment and pay rolls in July followed the downward trend of production and distribution. Factory
employment was lower by 3 percent, while pay rolls
dropped 6.8 percent. The recession in employment extended to 70 of the 90 industries surveyed. There was
a decline also in nonmanufacturing industries.
Retail trade showed little net change after allowing
for the usual trend. The adjusted index of department store sales declined 1 point to 73 percent of the
1923-25 average. The decline in freight-car loadings
was contrary to the usual seasonal movement, the
adjusted index dropping to the lowest point since
last November. The adjusted index of exports and
imports also declined, the latter falling below the
figure for July 1933.
Construction contracts awarded have receded by
about the usual seasonal amount as a result of the
drop in publicly financed contracts. During July
there was an increase in privately financed construction
which amounted to about 25 percent.
Despite the losses caused by the drought, the Department of Agriculture estimates that cash income
from farm marketings (including rental and benefit
payments) in the calendar year 1934 will be approximately one-fifth higher than the $5,051,000,000 realized in 1933. It is estimated that income for the last
5 months of the year will be from 3 to 5 percent above
a year ago, on account of higher prices. Obviously,
however, the income will not be as evenly distributed
throughout the country as last year.
Wholesale prices have risen steadily in recent weeks
as the effects of the drought were reflected in the prices
of farm products and foods. The price index of all
other commodities has moved slightly lower.
Financial markets have undergone no marked change
during August. Of particular interest, however, was
the export of gold following the decline in dollar exchange, the first outward movement since early 1933.
Outstanding loans of the member banks have declined
further, although there has been a moderate improvement in "all other" loans.
I
Monthly
average,
1926=100
Monthly average, 1923-25=100
1931: July
1932: July
1933:
July
August
September
October _
November
December
1934:
January
February
March
April
May
June
July
Monthly a v e r a g e
January t h r o u g h
July:
1932
1933
http://fraser.stlouisfed.org/
1934
80
56
79
55
86
63
82
58
82
57
86
65
78.0
59.6
66.2
39.8
78
51
76
51
87
68
Wholesale price index, 784
commodities
Bank debits outside New
York City
1
Imports
....
Adjusted «
Unadjusted i
Adjusted '
Unadjusted '
O>
Merchandise, l.c.l.
Total
Adjusted *
IS
M
Department
Foreign
store sales, trade, value,
value
adjusted 2
Freight-car loadings
Unadjusted '
"3
1
Amount of pay rolls,
unadjusted
1
Adjusted 2
Manufactures
73
l
Minerals
Tear and month
Manufactures
Unadjusted
Number of employees, adjustea »
Factory employment
and pay rolls
Industrial production
Construction contracts, all j
types, value, adjusted '
MONTHLY BUSINESS INDEXES
88
69
66
46
92
65
54
32
59
27
:
93.4
63.4
i
i
61
27
72.0
64.5
21
24
30
37
48
58
68.9
69.5
70.8
71.2
71.1
70.8
49
95
90
85
78
72
69
97
89
84
76
70
67
89
94
93
88
84
80
99
91
84
76
72
75
101
91
83
76
70
73
90
91
87
81
81
85
72.5
76.4
78.0
77.8
75.9
75.0
50.8
56.8
59.1
59.4
55.5
54.5
66
65
68
66
60
56
65
61
60
58
59
63
70
69
70
70
67
64
70
69
68
66
66
68
49
59
73
77
75
121
70
77
70
70
65
69
43
38
40
42
42
48
48
50
48
46 !
40
42
70.4
62.7
61.9
66.0
60.5
67.4
77
83
86
88
89
84
75
75
82
85
89
89
83
73
85
88
91
81
87
87
85
78
81
84
85
86
83
76
76
80
82
85
86
83
74
88
91
100
90
89
87
85
75.1
78.4
81.0
82.2
82.4
81.4
79.4
54.0
60.6
64.8
67.3
67.1
64.8
60.4
58
61
63
60
63
64
63
64
64
66
62
63
64
61
65
65
67
67
67
65
64
70
67
66
65
65
65
65
57
59
73
73
77
70
51
69
71
77
77
77
74
73
44
47
50
50
45
50
48
42
42
42
47 i
44 1
43
66.9 i
59.7 :
71.4 I
72.4 i
71.5
74.8
70.5
33
32
26
26
27
72.2
73.6
73.7
73.3
73.7
74.6
74.8
64
74
83
63
74
82
70
76
86
65.7
63.5
80.0
48.7
42.3
62.7
55
55
62
32
33
48
36
32
43
68.6
58.7
69.6
27
18
34
65.4
62.6
73.7
Federal Reserve Bank of St. Louis
73
66
66
65
57
66
44
;
i
|
44
SURVEY OF CURRENT BUSINESS
September 1934
Comparison of Principal Data, 1930-34
7 MONTHS
X///////A
REMAINDER OF YEAR
BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS)
50
.100
150
200
250
300
350
CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS)
STEEL INGOT PRODUCTION - (MILLIONS OF TONS)
AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS)
FREIGHT CAR LOADINGS -(MILLIONS OF CARS)
SURVEY OF CURRENT BUSINESS
September 1934
Commodity Prices
R
SCENT price data are featured by the rise of
the prices of agricultural products and foods as
a result of the drought. The farm products component
of the wholesale price index of the Department of
Labor for the week ended August 18 stood at 68.9
percent of the 1926 level, having advanced from 60.7
in the week of June 9, and the foods component during
this period advanced from 67.6 percent to 74.1 percent of the 1926 prices. The percentage gains in the
indexes of these two groups were 14 and 9.6, respectively, for this 10-week period.
The average of the other eight components of the
combined index has remained practically unchanged
during these 10 weeks, the only significant changes
being a decline of 3 points in the index for hides and
leather and a decline of 1.9 in the index of metals and
metal products. The fuel and lighting index rose 1.4
points during this interval.
Moody's spot price index of 15 commodities dealt
in on organized markets reached a new high on August
23, at 154.6 on the basis of 100 for December 31, 1931.
This was 11.4 points above that for July 31, 28.6
points above the level for the 1st of January, and 5.7
and 50.7 points above the highs for 1933 and 1932,
respectively. The recent increase in this index is
attributable to the increase in the prices of domestic
agricultural products—wheat, corn, cotton, and hogs.
The prices of the other 11 commodities have changed
but little since the beginning of May, with the exception of the price of hides which has declined sharply,
due to the heavy slaughter of animals. Hogs sold in
Chicago on August 23 for $7.40 per hundred pounds,
the highest price recorded since August 1931.
Retail prices, excluding foods, as measured by the
Fairchild index, declined during July for the fourth
consecutive month, the index falling from 89.6 percent
of the January 1931 level in March to 87.9 in July, the
declines varying from 0.8 of a point in May to 0.2 in
April. The current index is 27 percent above the depression low of April 1933.
Retail prices of foods, as reported by the Department of Labor for the period ended July 31, were 10.4
percent above the 1913 level. The increase in these
prices since April 24, when the current rise began, has
been about 3 percent. As compared with the low since
pre-war days, which was reached on April 15, 1933,
current prices are up by more than 22 percent.
The cost of living of wage earners, according to the
index of the National Industrial Conference Board,
increased 0.4 percent during July to 79.1 percent of
the 1923 level. Prices paid for food increased 0.9
percent during the month, and those paid for housing
and coal showed slight increases. The other items,
clothing, gas, and electricity, declined, while sundries
remained unchanged.
INDEXES OF COMMODITY PRICES
1931* July
1932: July
1933:
July
August
September
October
November. . .
December
1934:
January
February.
March. ,
April
May
June
July
Monthly
average,
January through
July:
1932
1933
!934
1
99
«
S
«
1
a
i
I
8
JS
sS8o
&a
Monthly average, 1926= 100
i
1
72.0
64.5
76.1
70.5
64.3
54.7
69.3
55.5
64. 9
47.9
49. 0
36.7
74. 0
60.9
73.4 \ 73.9
62.0 \ 69.7
68.9
69.5
70.8
71.2
71.1
70.8
72.2
73.4
74.8
75.4
75.2
74.8
61.8
60.6
61.7
61.8
62.4
61.9
69.1
71.7
72.9
72.8
71.4
72.3
60.1
57.6
57.0
55.7
56.6
55.5
73.4
64.6
63.9
58.2
61.3
60.4
65.5
64.8
64.9
64.2
64.3
62.5
50.8
51.0
51.5
51.0
48.2
46.0 |
72.2
73.6
73.7
73.3
73.7
74.6
74.8
76.0
77.0
77.2
77.1
77.8
78.2
78.2
64.1
66.0
65.9
65.1
65.1
67.3
68.3
71.9
74.8
74.3
73.9
73.7
72.9
72.7
58.7
61.3
6J.3
59.6
59.6
63.3
64.5
63.7
63.2
62.3
58.8
63.9
72.4
74.8
64.3
66.7
67.3
66.2
67.1
69.8
70.6
48.9 78.3 86.3
53.3 78.7 86.6
56.5 78.5 86.4
57.3 78.6 i 86.7
60.0 ! 78.9 87.3
62.2 78.2 87.8
63.4 : 78.4 87.0
65.4
62.6
73.7
71.0
67.5
77.4
55.5
52.8
66.0
59.5
60.4
73. 5
49.0
47.8
61.2
42.5
47.1
65.6
61.4
58.0
67.4
59.6
50.9
57.4
78.1
69.7
72.2 79.5
74.1 81.3
76.1 82.7
77.2 j 83.9
77.2 84.9
77.5 85.6
70.7
67.4
78.5
78. 9
73.0
62. 9
72.3
73.2 65.3
73.1 65.5
72.7 70.4
72.7 73.6
73.4 73.5
73.7 73.4
89.4
68.6
69.8
63.0
72. 5
84. 3
79.2
86.3 74.8 80.6
91.7 77.6 81.2
92.3 79.3 82.1
89.0 81.2 83.0
88.2 81.0 82.7
89.2 81.0 83.5
74.4 73.1 89.5
75.5 | 72.4 89.6
75. 7 71. 4 88.7
75.5 71.7 88.9
75.4 72.5 87.9
75.6 72.8 87.1
75.4 73.9 86.3
72.3 74.4
72.3 i 72.2
86.9 75. 4
85.7
74.0
74.5
74.3
88.3
||
£0.
, combined
modities (D<
griculture)
I
1
laneous
c«
£
u
and leather
nd lighting
icals and dri
I!
2
i!
s*
*
Retail
j
«fl
+a
1
G
V
G
OS
OB
tment store
rrairchild)
1
•e
j - furnish
goods
G
,S
s products
fl |
I
flJd
s and me
products
3» I i &
is
ng materials
ss i i =
ii
than fa
ucts and foo
«l
11
B*
products
I*
•
JS
materials
H1**
V O
Year and month
Wholesale (Department of Labor)
Groups and subgroups
i
&
Economic classes
hed produc
•* cc
cc C
o
A
1
Mo.
Dec.
Mo
Mo
193C
average, average,
1909 to average,
1,
1923= 1914= 1913= (Jan.
1931)
100
100
100
100
69. 7
64.3
85.9
77.0
79 i;
57
119
101
90.3
74.0
68.0 64.0
74.6 65.4
76.9 65.1
77.1 65.3
76.8 65.5
76.4 65.7
75.2
76.9
77.9
78.0
77.8
77.3
76
72
70
70
71
68
105
107
107
107
107
104
76.1
82.6
86. 0
87.1
88.0
88.0
76.5 67.5
76.9 68.5
76.5 69.3
75.3 69.5
73. 6 69. 8
72.7 ! 70.2
71. 5 69. 9
77.5
78.3
78.5
78.4
78.6
78.8
79.1
70
76
76
74
74
77
80
105
108
109
107
108
109
110
88.5
89.5
89.6
89.4
88.6
88.2
87.9
78.9
72.7
78.5
58
58
75
104
95
108
77.8
7]. 3
88.8
66. 5
51.5
80.8
81.0
81.4
81.6
82.0
82.0
81.6
85.5
87.0
87.1
87.9
89.1
87.7
86. 8
76.0
72.7
81.5
80.4 56.0
78. 2 55. 9
87.3 74.7
i
64.7
60.1
69.2
SURVEY OF CURRENT BUSINESS
September 1934
Domestic Trade
through retail stores during July, measSALES
ured by dollar volume, declined by slightly
year for the first time since August 1932. By Federal
Reserve districts, the change from a year ago varied
from an increase of 21 percent for the Atlanta district
to a drop of 9 percent in San Francisco. The only
district reporting a larger gain over 1933 in July than
in June was Chicago, which showed an increase of 10
percent against 8 percent in the preceding month.
Sales through variety stores declined 8 percent, compared with the average seasonal decline of 6 percent.
The dollar volume of sales through chain grocery
stores fell off 4 percent, which was also slightly larger
than usual. General merchandise sales in small towns
and rural areas were off by 15.5 percent, compared
with a drop of 11 percent in 1933 and 23 percent in
1932 for the same period.
The favorable trend of commercial failures has continued during July and August. Failures so far during
1934 have been about half the total of a year ago, both
in number and in liabilities involved. In connection
with the high mortality of the years prior to 1934, it is
interesting to note that preliminary data for the 1933
census of both wholesale and retail trade reveal a
tendency for the number of establishments to decline
only very slightly during the depression despite the
shrinkage in total sales, which reduced the average
sales per establishment by about one-half. See the
article on pages 16 to 19, inclusive, of this issue for a
discussion of the results of the 1933 census of wholesale distribution which was taken by the Bureau of
the Census.
more than the estimated seasonal amount, and percentage increases in sales over a year ago were generally lower than in earlier months of the year. Among
the adverse factors tending to retard sales during July
was the decline in productive activity with its accompanying drop in pay rolls, the severe drought experienced over a large section of the country, together
with the high temperatures recorded, and disturbed
labor conditions.
Passenger automobile sales were an exception to the
general trend of retail business. While the unadjusted
index of sales was lower than in each of the 3 preceding
months, the adjusted index advanced to a high for the
year. Sales of cars during August have declined, but
the retail demand is reported to have held up very
well when allowance is made for the usual seasonal
trend.
A sharp decrease in the dollar volume of department
store sales is usual for July, but the decrease last month
was slightly larger than the estimated seasonal change.
The adjusted index dropped 1 point, bringing the
total recession since May to 4 points. July sales
were only 4 percent higher in value than in 1933 and
were less in physical volume. As it does not appear
probable that August sales duplicated the marked rise
which occurred in August 1933 (the adjusted index
for that month advancing 10 percent), the index of
dollar sales for the current month may fall below
the level of the corresponding month of the previous
DOMESTIC TRADE STATISTICS
Eetail trade
i
Department stores
Year and month
Chain-store sales
Sales
Stocks a
Unad- Adjust- justed!
ed *
Unad- Adjust- justed
ed '
Monthly average, 1923-25=100
1931: July
1932: July
1933:
July
August
September
October
November...
December
1934:
January
February
March.
April
May
._
June
July ...
Monthly average January
through July:
1932
1933
. ..
1934
.
1
Variety stores
Combined
index
Unad- Ad(19 com- just- justed i
ed*
panies)
Mailorder
and
store
sales, 2
houses
New passenger car sales
Unad- Adjust- justed 2
ed i
Wholesale
trade
Employment
Pay
rolls
1
Avg. same Monthly averThou- Monthly aver- i Monthly avermo. 1929- age, 1929-31= i sands of age,
1929-31=100 age, 1929=100
100
j dolls.
31 ==100
Freight-car
loadings, merchandise l.c.1.
Commercial
failures
Unad- Adjustedi justed »
Failures
Monthly average, 1923-25=
100
Liabilities
Num- Thouber ofsands
dolls.
66
46
92
65
75
59
81
64
83
87.4
70.2
98.2
78.9
45, 093
32, 073
70.9
31.0
64.5
28.0
86.8
76.6
83.3
64.7
87
68
88
69
1,983
2,596
60, 998
87, 190
49
59
73
77
75
121
70
77
70
70
65
69
56
62
73
77
78
62
80
64
70
70
69
65
86
84
85
84
83
88
74.4
76.7
82.5
86.9
86.8
153.7
83.6 ,
86.7 i
86.4
85.6
85.5
83.3
33, 592
40, 327
43, 219
53, 550
52, 037
61,971
57.5
58.3
51.2
42.7
33.0
17.3
52.5
52.0
52.0
53.5
53.0
30.5
76.9
79.7
82.1
83.5
83.4
83.3
59.1
60.8
62.3
66.0
64.1
64.5
70
69
70
70
67
64
70
69
68
66
66
88
,421
,472
,116
,206
,237
1,132
27, 481
42, 776
21,847
30, 582
25, 353
27, 200
69
59
63
67
68
68
63
60
66
66
55
65
66
65
84
89
85
88
86
85
70.2
73.0
87.2
82.5
90.0
86.3
79.7
94.2
87.5
94.8
87.2
90.0 !
90.8
89.5
36, 705
36, 016
43, 595?
46, 037
51,072
46, 330
37, 387
22.8
45.7
68.4
87.9
78.1
84.6
73.1
33.5
54.5
64.5
59.0
55.5
63.5
66.5
82.4
83.0
83.6
83.9
84.6
84.1
84.0
63.9
64.6
65.7
66.8
66.3
66.5
67.6
65
65
67
67
67
65
64
70
67
66
65
65
65
65
1,364
1,049
1,102
1,052
977
1,033
912
32, 905
19, 445
27, 228
25, 787
22, 561
23, 868
19, 326
35, 563
32, 522
42, 448
43.1
45.2
65.8
79.0
74.6
83.7
69.6
58.2
65.9
73
66
66
2,861
2,021
1,070
89, 211
50, 725
24, 446
57
59
73
73
77
70
51
65
57
66
3
z
74
73
68
55
64
Corrected to average daily sales.
75 I
71 fi
81 3
1
Adjusted for seasonal variation.
»End-of-month figures.
SURVEY OF CUERENT BUSINESS
September 1934
Employment
in business activity during July were
DECLINES
accompanied by a drop in employment and a
the month was in the iron and steel industry where the
abrupt drop in production was reflected in the employlarger relative decrease in pay rolls, according to the ment figures. The next largest drop was in the transdata compiled by the Bureau of Labor Statistics. portation equipment group, partly in reflection of the
There was a net decline in employment and pay rolls slackening rate of production in the automobile indusin both manufacturing and in the 18 nonmanufacturing try. In the 20 industries in which increased employindustries currently surveyed.
ment was reported, seasonal variations and the termiThe number employed in factories in July was 3 per- nation of strikes were the major influences.
cent less than in June. This exceeded the usual
Pay-roll increases were reported for 3 of the 14 manseasonal decline and the adjusted index receded to ufacturing groups, namely, leather and manufactures,
the lowest figure reported since February. July em- food and kindred products, and chemical and allied
ployment was 9.9 percent higher than in the same products. These gains ranged from 0.6 percent for
month of 1933, despite the fact that factory output chemicals to 5.9 percent for the leather group. The
was less than a year ago. The July decrease in fac- largest declines were in the iron and steel industry (24
tory pay rolls, amounting to 6.8 percent, brought the percent) and in the transportation equipment induspay-roll index to the lowest figure reported since try (16 percent).
January. Pay rolls were, however, 19 percent higher
Among the nonmanufacturing industries, employthan in July 1933. As a result of the larger shrink- ment increases in July as compared with June were
age in pay rolls than in the number employed, there reported in 10 and pay-roll increases in 8. The group
was a further extension of the recent down trend of employing the largest number of persons, retail trade,
average weekly earnings.
reported a decline of 5.6 percent in employment and of
Reductions in industrial employment were wide- 2.9 percent in pay rolls.
spread during July, with decreases reported for 70 of
Employment afforded by the Public Works Adminthe 90 industries surveyed by the Bureau of Labor
istration reached a peak of 665,000 in the final week of
Statistics. Of the 14 major groups of industries only
July, according to data compiled by that organization.
one, chemical and allied products, showed an increase
in employment, after adjustment for seasonal varia- This represented a gain of 365,000 in a period of about
tion. A major factor in the rise in this group was the 4 months. The Emergency Works Program of the
increase of 8.4 percent in the rayon industry where F.E.R.A. gave employment to 1,200,000 persons in
about half of the number laid off in the spring months July, an increase of 200,000 over June. An increase
have been returned to work. The largest decline for in the number of C.C.C. workers was reported.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay roils
Year and
month
Nonmanufacturing employment and pay rolls
(Department of Labor)
Pay
Anthracite
Telephone
Power and
Bituminous
Employment
and telegraph
coal mining
rolls
mining
light
EmEmEmEmUnad- AdUnad- ployPay
Pay
Pay
Pay
ployploy- rolls
ployjusted 1 justed i justed ment
rolls ment
ment rolls
ment rolls
Monthly average,
1923-25=100
1931: July
1932- July
1933:
July
August
September..
October
November .
December..
1934:
January
February _ _
March
April
May
June
July
Monthly average, January
t h r o u g h
July:
1932
1933
1934
Wages
Retail trade
EmPay
ployment rolls
Monthly average, 1929=100
Tradeunion
Factory »
members employed Average Average
weekly hourly
earnings earnings
Percent
Dollars
of total
members
Common
labor
Cents
per
hour
77.0
58.9
78.0
59.6
66.2
39.8
65.1
44.5
53.7
34.5
76.4
58.6
50.4
24.4
96.7
82.3
97.4
78.7
86.6
79.1
93.3
79.6
83.9
74.6
83.3
63.3
74
66
22.34
15.43
.564
.489
36
32
71.5
76.4
80.0
79.6
76.2
74.4
72.5
76.4
78.0
77.8
75.9
75.0
50.8
56.8
59.1
59.4
55.5
54.5
43.8
47.7
56.8
56.9
61.0
54.5
38.2
46.6
60.7
61.6
47.8
44.3
63.2
68.6
71.8
68.0
74.8
75.4
33.6
43.3
44.1
44.1
50.7
50.8 I
77.5
78.1
80.3
82.2
82.6
81.8
70.0
70.9
71.8
76.2
74.5
74.4
68.5
68.1
68.3
68.7
68.9
69.4
66.7
66.1
64.6
67.0
67.7
67.7
74.6
78.1
86.0
89.6
91.6
105.4
58.1
62.7
69.2
72.3
72.6
80.3
69
69
71
73
72
71
19.34
19.34
19.41
19.50
18.44
18.57
.456
.507
.536
.542
.546
.550
34
35
37
37
38
38
73.3
77.7
80.8
82.3
82.4
81.0
78.6
75.1
78.4
81.0
82.2
82.4
81.4
79.4
54.0
60.6
64.8
67.3
67.1
64.8
60.4
64.1
63.2
67.5
58.2
63.8
57.5
53.6
73.2
65.8
82.4
51.7
64.0
53.3
42.3
75.8
76.1
77.8
72.2
76.7
76.7
77.0
51.3
54.6
58.9
51.4
54.4
55.1
49.7
82.2
81. 2
81.7
82.4
83.1
84.0
85.0
73.8
74.4
75.6
76.8
77.6
77.8
81.1
70.2
69.8
70.0
70.2
70.2
70.4
71.0
69.0
67.9
70.4
68.8
71.4
71.3
73.3
84.6
83.8
87.2
88.2
88.8
88. 2
83.3
68.8
67.7
69.5
71.5
71.8
71.6
69.5
72
74
75
76
76
75
72
18.89
19.81
20.49
21.00
20.79
20.70
19.92
.551
.558
.561
.579
.586
.586
.587
37
37
42
43
43
43
42
48.7
42.3
65.1
49.1
61.1
54.6
41.2
61.8
68.7
65.2
76.0
36.7
31.5
53.6
85.2
77.2
82.8
83.7
70. &
76.7
81.1
71.7
70.3
85.0
69.3
70.2
80.4
75.7
86.3
71.5
59.2
70.1
69
67
74
17.65
16.75
20.23
.513
.458
.572
33
33
41
65.2
fi3 0
; 6^.7
79. 4
1
Adjusted for seasonal variations.
:
i
1
!
2
National Industrial Conference Board.
SURVEY OF CURRENT BUSINESS
September 1934
Finance
A
WEAKENING tendency in stock prices which
set in about the middle of July, after steady gains
during the first half of the month, developed into a
series of sharp breaks during the final week of the
month. Following these reactions the market tended
to smooth off during the first half of August while the
volume of trading stood persistently at unusually
low levels. Certain issues—particularly rails—experienced occasional weakness early in August,, The announcement on August 9 of plans for the "nationalization" of silver, caused a temporary flurry in prices but
by the middle of the month dullness and low turn-over
again featured market activity.
In general, bond prices moved with share prices.
During July bond prices receded somewhat, while during the first half of August trading steadily diminished
and prices showed comparatively few important
changes. After reaching new high levels during the
first half of July, United States Government bond
prices subsequently tended to decline.
While capital issues in July reached the largest dollar
volume for any month in approximately 3 years, the
increased total does not indicate a revival in the new
capital market. Out of a total of $373,362,000 for
all issues, $135,000,000 represented Farm Loan issues;
flotations of States, municipalities, and other political
subdivisions amounted to $92,583,000; and two railroad issues made up $100,000,000 of the balance. The
amount of new capital raised by corporations was
$20,279,000, less than half of the total of a year ago
and only 5 percent of the comparable 1930 total.
Dividend payments in July showed a continuation
of the slow upward movement. Reports published by
250 industrial corporations revealed net earnings substantially above those of the corresponding period of
1933, although in some instances the rise in profits
was modest considering the rise in the volume of the
corporation's business.
Money rates during August showed no important
changes from the extremely low levels of recent months.
The decline in bankers' acceptances outstanding has
apparently been influenced in part by the tendency of
low rates on commercial loans to make the latter a
desirable borrowing medium.
Owing to the fact that the combined total of investments and nonsecurity loans increased slightly more
than security loans decreased, the net effect on outstanding member bank credit was a slight increase in
July. During the first 2 weeks of August this tendency continued only in part inasmuch as investments
reversed their previous trend. Net demand deposits of
the reporting member banks recovered, in July, the loss
which they had sustained around the middle of June
through Treasury transactions. Excess member bank
reserves increased to a new peak of $1,900,000,000
late in July and have remained around that figure.
Federal Reserve bank credit outstanding showed no
important changes during the period under review.
As a result principally of net imports and net releases from earmark the monetary gold stock of the
United States rose about $75,000,000 during July to a
new high total of $7,930,000,000. The first gold to be
exported since the revaluation of the dollar was a shipment of $1,000,000 about the middle of August. Subsequent shipments brought the total exports for the
month through the 25th to about $7,000,000.
FINANCIAL STATISTICS
Year and month
1931:
July
August
1932:
July
August
1933:
July
August
September..
October
November .
December
1934:
January .
February.
March
April
Mav
June
July
1
http://fraser.stlouisfed.org/ 91 cities.
Federal Reserve Bank of St. Louis
Bank
debits
outside
New
York
City
Reporting member
banks,
Wednesday
closest to end of
month *
Loans
on
securities
All
other
loans
Net
Total
gold
Bond
AverbankimSavings deposits Stock
prices,
age
Interest
ers' ac- ports
prices
New
divirates,
inceptMoney
(421)
York
New
comdend
ances cluding
in
i
Stand- Stock capital
per
mercial
outcircu- I
gold
ard
Exissues
share
papgr
standrelation | New
Postal Statis- change
(600
ing* _ leased
York
Savcom- months)
tics
(doend of
from
State
ings
mestic)
panies)
month
ear- 2
mark
1926=100 Dollars ofThous.
Millions of dollars
dollars Dollars Percent
Federal
Reserve
bank
credit
outstandIning,
vest- j end of
ments ; month
976 !
1,255 :
18, 444
16, 526
1,228
1,090
—10.2
41.5
4,836 !
4,947
5,149
5,173
372
423
98.2
95.5
95.49
93. 75
222,564
120, 329
;
2.31
2.26
2
2
2
12, 511
11, 757
4,080
3,971
5,426
5,354
7, 094
7,147
2.439
2,331 |
705 !
081
52.8
106.6
5, 752
5,720
5, 253
5,243
830
848
35.9
53.3
79.25
83.70
105, 381
62, 024
1.31
1.25
13, 878
12, 375
12,215
13, 027
11, 927
13, 288
3,772
3,766
3,687
3,604
3,569
3,620
4,774
4,767
4,853 i
4,989
4,999
4,765
8,011
8,074
7,989 i
8,156
8,104
8,200
2,209
2,297
2,421 \
2,549
2,581 :
2,688
738
694
715
737
758
764
.6
-.9
-7.4 1
-5.5
-.5
2.7
5,675
5,616
5, 632
5,656
5,681
5,811
5,085
5,059
5,079
5,049
5,029
5,064
1,177
1,178
1,181
1,189
1,199
1,209
80.4
75.1
74.8
69.5
69.1
70.4
88.03
87.91
85.82
84.70
82.98
85.11
117, 693
45, 600
63, 814
58,702 i
88,257 |
57,000
1.05
1.05
1.06
1.06
1.10
1.11
13, 198
11, 784
14, 077
14, 278
14, 105
14, 754
13,910
3,609
3,520
3,514
3,577
3,476
3,529
3,358
4,740
4,665
4,647
4,559
4,550 i
4,485
4,515
8,772
9,215
9,311
9,326
9, 280 :
9,723
9,880
2,630
2,567
2,545 i
2,485
2, 463
2,472 :
771
750
685
613
569
534
516
9.4
521.2
236.7
53.6
34.1
65.0
53.8
5,067
5,076
5,122
5,097
5,090
5, 134
5,114
1,201
1,200
1,200
1, 197
1,197
1,198
1,191
75.6
80.5
77.1
79.6
71.8
73.5
71.4
88.77
90. 12
91.09
92. 54
92. 32
93. 16
92.00
47,775
79, 121
97,276 j
143,404 !{
102,733
122,506
316,645
1.12
1.15
1.16
1.16
1.18
1.19
1.21
* Net exports indicated by (—).
5,669
35,339
5,368
5,366
5,355
5,341
5,350
;
i
j
:
\
!
I
i
|
j
i
i
~2;/2
iM
1M
1 -lYi
1
3 Gold coin reported in circulation prior to Jan. 31, 1934, was eliminated from the total as of that date.
9
SUKVEY OP CURRENT BUSINESS
September 1934
Foreign Trade
STATES foreign trade declined more than
UNITED
seasonally in July. Total exports, valued at
$161,787,000, were 5 percent smaller and general
imports, valued at $127,342,000, were 6 percent less
than in the previous month. Ordinarily exports
decline approximately 1 percent and imports 3 percent
from June to July. The adjusted index of both exports
and imports declined, the former receding from 50 to
48 and the latter from 44 to 43.
In July, for the first time in over a year, the value of
imports was lower than in the corresponding month of
the previous year, the decline amounting to 11 percent.
The value of exports was 12 percent larger than in
July 1933. Adjusting for the advances in average
unit values (price) of export and import commodities,
which in each instance were approximately 15 percent
higher than a year ago, it appears that the quantity
of goods exported in July was about the same as in
July a year ago, while the quantity of goods imported
was over one-fifth percent smaller.
The decline in the value of exports is almost entirely
attributable to a reaction from the unseasonal increase
of 11 million dollars in cotton shipments during June.
The decrease during July totaled 9 million dollars.
Exclusive of cotton shipments, the value of exports
has remained about the same during the last 3 months.
Exports of passenger automobiles have been maintained at approximately the same level for 4 consecutive months. Individual classes of export commodities
shipped in somewhat greater volume in July than in
June included industrial machinery, meat products,
fish, apples, canned fruits, wheat and flour, paper base
stocks, crude sulphur, petroleum and products, iron
and steel semimanufactures, lumber, radio apparatus,
and aircraft.
As in the case of exports, one commodity, sugar,
was largely responsible for the lower value of imports.
The imports of sugar from the Philippines, which had
declined sharply in June, practically ceased in July
as a result of the exhaustion of the sugar quota for that
area.
Crude material imports declined from a value of
$42,578,000 in June to $39,086,000 in July. Contributing to this lower value were declines of $1,113,000
and $1,108,000, respectively, in the value of imports
of rubber and of crude petroleum. Imports of semimanufactures and finished manufactures, on the other
hand, increased during July. Among the commodities
showing gains both in quantity and value were leather
manufactures, undressed furs, coffee, meat products,
burlaps, manufactures of wool, tung oil, wood pulp,
coal tar products, and tin.
Imports for consumption, which include goods
entered immediately upon arrival plus withdrawals
from bonded warehouses, dropped from $135,120,000
in June to $124,123,000 in July. Goods entered into
bonded warehouses declined slightly from $19,650,000
in June to $19,156,000 in July, while withdrawals
from bonded warehouses decreased from $18,293,000
in June to $15,937,000 in July.
EXPORTS AND IMPORTS
Indexes
ExValue Value ports,
inof
of
total total cluding
Year and month
eximports, ports, reexports
adadjusted i justed i
1931: July
1932: July
1933:
July
August _.
September
..
October
November
December
_
1934:
January
February
March _
April
May
June
July
Cumulative, January
through July:
1932
1933
1934
Monthly aver- '
age, 1923-25=100
54
59
32
27
180.8
106.8
Total
177.0
104.3
Total
28.4 !
27.6
13.5
15.9
32.3
15.6
7.6
4.3
4.3
5.6
6.8
11.0
9.7
8.3
144.1
141. 6
131.5 , 129.3
160.1
157. 5
193.1
190.8
184.3
181.3
192.6
189.8
51.5
42.0
63.6
81.8
71.3
73.1
36.8
28.2
45.3
54.2
48.8
44.3
15.4
16.9
18.7
23.5
24.1
24.3
44
47
50
50
45
50
48
42
42
44
42
47
44
43
172.2
162.8
191.0
179.4
160.2
170.6
161.8
169.5
159.7
187.5
176.5
157. 2
168.0
159.3
60.4
54.2
55.3
45.9
38.0
47.0
37.3
41.5
37.7
34.7
24.5
17.6
28.9
30.3
22.7
19.6
20.1
17.8
16.8
14.9
17.1
336
946.8
923.9
332
813.4
798.5
343 1,198.0 1,177.6
268.4
258.8
338.0
177.4
177.5
305.3
142.8
95.5
139.0
o
2
i
Auto- i
Fruits ! Semiman- i
moand
Ma- biles, Total
prep- ufacTotal
chintures
parts,
araery
and
tions
accessories
Raw
cotton
Total
Finished
manufactures
Food stuffs
48
50
48
46
40
42
'Adjusted for seasonal variation.
81994 24 .
Crude
materials
43
38
40
42
42
48
338
333
348
Imports i
Exports of United States merchandise
Millions of dollars
27.9 i
88.4
22.5
14.1
9.6
47.0
11.7
6.2
c
m™
de
t ials
Foodstuffs
FinSemi- ished
man- manufac- ufactures tures
174.5
79.4
50.0
19.5
47.1
26.3
30.0
11.9
47.4
21.8
21.4
20.5
21.3
24.4 1
24.2
28.5
53.3
50.0 i
53.9
81. 1
61.7
63.9
10.1
11.1
11.7
13.5
16.0
15.8
7.5 i 143. 0
8.1
154. 9
146.6
8.3
8.6
150.9
7.3
128.5
9.3
133.5
46.5
50.8
48.3
46.9
37.3
36.2
38.8
35.4
31.2
34.8
30.6
42.4
31.0
35.1
33.5
33.2
27.8
27.2
26.8
33.7
33.5
36.0
32.8
27.7
25.0
24.5
31. 4
29.4
26. 2
27.9
38. §
61.4
61.4
80.8
83.4
76.2
78.1
76.3
14.4
14.6
18.3
19.2
17.0
18.6
18.9
128.7
10.8
13.2
125.0
20.6
153.1
141. 1
21.5
20.6 ! 146. 9
20.0 1 135. 0
18.4
134.1
35.7
36.9
44.9
41.0
42.8
42.6
39.1
39.3
38.3
48.6
45.6
"46.3
39.3
39.1
26.4
22.2
29.7
26.1
26.9
26.8
37.5
27.3
27.6
29.8
28.4
30.8
26.4
38.5
36.8 : 120. 8 1 391. 9
26.2
118.2
326.0
193.3 i 517.5
35.3
82.0
64.4
130.9
51.8 ! 826. 2
49.1
735.1
135.1
953.9
225.2
198.7
383.0
252.8
242.8
386.4
137.2
135.1
185.7
211.1
158.5
198.9
I
i
;
!
i
8.4 !
6.8 <
5.5
4.4 !;
3.3
4.0
3.9
General imports through December 1933; imports for consumption in 1934.
a Monthly average.
10
SURVEY OF CURRENT BUSINESS
September 1934
Real Estate and Construction
contracts awarded during July
CONSTRUCTION
were lower than in June, the movement conforming to the usual seasonal trend. According to data
compiled by the F. W. Dodge Corporation, contracts
let for nonresidential building were substantially higher
than in the preceding month, offsetting part of the
declines in the other three groups. A major portion
of the increase in the nonresidential building group
fell in the factory classification and was due to plant
expansions in the chemical and textile industries.
The slackening in residential building was reflected in
a slowing down in all the major classes of dwellings,
as well as in the contracts classed under Home Owners'
Loan Corporation improvements. The decline in publie utilities is of only limited significance, as construction in this field has been on a very restricted scale
for an extended period. Public-works contracts let
during the month were about 30 percent lower than
in June, the decline in highway contracts being the
principal cause of the drop.
Contracts financed by private, as distinguished from
public funds, constituted a larger percentage of the
total than in other recent months. Publicly financed
projects in July amounted to $52,507,600, or 44 percent of the total compared with the corresponding
percentage of 58 in June. This trend was influenced
by the increase in industrial building noted above.
By geographical areas, lower contract totals were
reported in 9 of the 13 divisions. A substantial
increase occurred in nonresidential building in the
Middle Atlantic States, and in the New Orleans terri-
tory. The increases reported for the Kansas City
and St. Louis areas were slight.
The F. W. Dodge Corporation's total of contemplated construction reported during July, amounting
to $244,000,000, was $70,000,000 less than in June,
The reduction from the July 1933 total of $448,000,000
was much larger, and was pronounced in each of the
four major construction groups. The drop in contemplated construction was especially severe in the
residential group.
Real-estate foreclosures during the first 6 months of
1934 were about 12 percent fewer in number than in
the corresponding period of 1933, according to statistics collected by the Federal Home Loan Bank Board
from 1,034 identical communities having 53 percent
of the total population of the country. There were,
however, three times as many foreclosures as in the
first half of 1926. An increase was reported for seven
States—New Hampshire, Vermont, New York, Michigan, Minnesota, Arkansas, and Idaho—but all of the
others showed improvement. In recent months, the
number of foreclosures has averaged about 16,000 and
no one month has deviated to any marked extent
from the average.
The index of construction costs of the Engineering
News Record declined slightly during July. The
recession in the wholesale prices of building materials
from the peak of the year up to August 18 amounted
to 1.6 percent. This index is the highest with reference to the 1926 average of any of the groups included
in the Bureau of Labor Statistics composite index.
BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
Year and month
1931: July
1932: July
1933:
July
August
September
October
November
__
December
1934:
January
February _. _
March
April
May
June-July
Monthly average January through
July:
1932
1933.
1934
1
F.R.B.
index
adjusted i
All types of
construction
Monthly
average,
1923-25=
100
\
Num- MilMilMilber of lions of lions of lions
of
proj- dollars square dollars
ects
feet
Residential
building
Highways
under
construction
(National
CeIndusment
trial
Recovery
Act)
Building material
shipments
Construction contracts awarded
Explosives,
PubPubnew Maple Oak
lic
floor- floorlic
orders
utili- works
ing
ing
ties
Millions of
dollars
Thou- Thousands of Thoufeet, board sands of
sands of
measure
barrels
pounds
Thousands of
dollars
Thousands of
dollars
165.5
167.0
175.5
187.7
190.1
192.1
0
0
0
0
0
0
53, 745
59, 806
66, 329
73, 110
80, 699
88, 442
3,778
2,952
4,618
6,492
8,784
8,539
7,893
191.3
197,088
194.0
216, 291
194.0
239, 974
195.9
269, 229
288, 460 \ 199. 6
199.6
283,506
199.7
267, 509
0
0
0
0
0
0
400
92, 497
94, 040
93, 125
88, 922
86, 842
86, 248
85, 723
6,217
5,232
6,151
156. 1
161.4
251, 722 J 196.3
364
129
57
29, 511
89, 628
15.9
5.5
63.9
19.7
26.4
5.5
91.0
54.6
26, 970
15, 733
3,447
2,264
25, 691
7,699
15, 545
9,218
21
8,228
24 ! 8,186
30 i 7, 594
7, 476
37
6,232
48
7,677
58
83
106
120
145
162
207
7.4
6.4
6.3
6.9
6.4
5.9
23.6
21.9
21.5
21.5
23.6
23.9
4.1
19.4
3.4
7.0
6.9
34.0
14.8
32.0
57.3
85.7
104.1
99.2
23, 834
25, 106
25, 107
25, 084
23, 256
23, 318
4,326
3,386
2,622
3,236
2,300
3,234
13, 676
12, 793
9,563
8,624
10, OJL7
6,417
8,697
5, 994
6,517
6,750
4,463
3,738
34, 962
92, 215
134, 491
159, 575
49
7,729
44
5,507
33 i 7, 927
32
8,114
26
9,153
26
8,368
27 ! 7, 182
186
97
178
131
134
127
120
3.9
3,6
8.0
6.0
6.2
7.5
4.8
15.1
14.5
28.1
22.7
24.8
26.6
19.9
10.6
6.4
21.0
12.4
5.6
13.1
7.9
103.1
46.7
71.9
57.5
51.2
44.3
31.2
28, 504
25, 584
27, 725
26, 958
24, 231
24,812
23,384
3,665
3,665
4,643
4,303
4,512
3,573
4,421
5,137
8,112
13, 711
9,476
9,813
7, 965
7,713
27
18
34
114 i
74
139
6.7
5.9
5.7
26.1
19.5
21.7
6.4
4.6
11.0
36.7 17, 729
17.3 18,216
58.0 ! 25,885
2, 198
2,512
4,112
11,405
10, 501
8,*47
Based on 3-month moving average and adjusted for seasonal variation.
Home
Loan
Bank,
loans
outstanding
800
0
286
129
6,548
6,865
7,711
Longterm
realestate
bonds
issued
174.4
153.4
10,663
7, 008
61
27
Construction
costs,
Eng.
NewsRecord 2
Monthly average,
1913=
100
2 First of montb, Aug. 1,1934, index, 198.4.
11
SURVEY OF CURRENT BUSINESS
September 1934
Transportation
F
HEIGHT-CAR loadings declined 1,966 units during
the week ended August 18, following a decline of
8,768 units in the preceding week. Loadings for the
week indicated were 6.7 percent below those for the
corresponding week last year and were 63.9 percent
of the average for that week during the preceding 15
years. This represents a lower percentage of the preceding 15-year average than for any week this year.
The high for the year on this basis was reached in the
week ended February 17, when loadings were 73.8
percent of the 15-year average for that week, but the
corresponding percentages were approximately the
same for the weeks of March 17 and June 30. Loadings for the first 33 weeks of the year were 10.3 percent
above those for the corresponding period last year and
11.3 percent above the like period in 1932.
For the month of July the index of car loadings,
adjusted for seasonal variation, fell to 61 percent of
the average monthly loadings for 1923-25. This is the
lowest point reached by this index since last November,
when it was 59. In March it stood at 66 and in June
at 64. The decline since March amounts to 7.6 percent.
Of the 8 classes of freight, as listed in the table below,
only 2 showed gains in cars loaded in July as compared
with June, namely, grains and livestock. The increase in grain and grain-products shipments, however,
was less than seasonal, and the adjusted index for this
class of freight fell from 90 to 79. The increased
shipments of livestock were occasioned by the movement of animals from the drought area for feeding or
for slaughter. The adjusted index for less-than-carlot
shipments was unchanged for the month.
Total operating revenues of class I railroads for the
6 months ended June 30 were 15.2 percent above the
figure for last year, slightly above that for 1932, but
25 percent below the amount reported for 1931. Preliminary data for July indicate a recession in gross
revenues as compared with June. Net operating income also declined in July and was considerably below
the total for July 1933.
The number of employees of class I steam railways,
excluding switching and terminal companies, decreased
slightly in July from the recent peak in June. In each
of the 4 months, April to July, the number of employees
reported was above 1,000,000, while in the preceding
year this figure was exceeded only in the 3 months,
August to October. The new index of railway employment, adjusted for seasonal variation, as reported by
the Interstate Commerce Commission, is 57.1 (preliminary) for July, as compared with the average for
1923-25 as 100. The index for each of the past 5
months is above the index for any previous month
since June 1932.
The average number of miles of road operated by
class I railroads continues to decline. For each of
the last 6 months of 1929 and the 12 months of 1930,
miles operated exceeded 242,500. Since that time the
decline has been almost continuous, miles operated
falling to 239,059 in May of this year, followed by a
slight increase in June.
i
F.R.B. index
2
TS
»
V
3
•d
Year and month
I
03
•I
T?
M
g
1931: July
1932: July
1933:
July
August
September
October
November
December..
1934:
.__
•a
1
3
3
<
2
Thousands of
dollars
O
&
QQ
1
o>
fc
C8
S
I
36.1
6. 3
285.5
172.3
564
764
2,023
1,276
372, 808
235, 331
55, 865
11, 287
7,613
2,638
624.6
625.7
640.9
651.4
591.5
513.1
112.8
123.5
125.0
125.0
125.5
114.1
6.5
6.7
7.0
6.7
6.4
6.7
26.9
27.2
24.7
24.4
23.4
18.1
44.8
29.6
31.2
29.8
30.9
25.9
15.0 165.7
16.6 170.0
20.3 168.4
23.2 172.6
20.5 166.7
15.1 148.5
25.0
34.2
36.8
27.8
7.4
2.9
227.8
217.9
227.6
242.0
210.7
181.9
393
398
380
385
441
463
1,224
1,351
1,392
1,256
1,054
1,333
293, 708
297, 018
292, 147
294, 342
257, 676
245, 330
64, 307
60, 978
60, 936
57, 265
37, 566
37, 764
6,050
7,691
8,453
7,154
3,014
172
473
623
517
593
664
0
823
1,002
961
1,082
664
922
544.4
577.2
611.8
583.7
610.4
615.6
586.6
129. 8
143.8
145.9
100.3
106.8
100.3
93.2
7.7
10.1
8.9
5.8
6.8
6.8
4.4
18.3
21.8
23.7
24.2
25.1
24.6
20.8
29.4
30.1
29.6
26.5
28.1
34.9
42.7
17.5 153.8
15.3 156.9
13.4 165.5
16.3 166.0
16.2 164.9
15.4 157.7
22.2 153.2
3.1
3.1
3.7
7.4
20.7
33.1
31.3
184.8
196.2
221.0
237.4
241.6
242.7
218.7
434
375
357
368
355
343
348
1,306
1,132
1,227
1,212
1,122
1,303
258, 006
248, 439
293, 178
265, 391
282, 024
282, 779
277, 500
30, 931
29, 281
52, 038
32, 265
39, 495
41,836
36, 200
0
0
0
13
5,745
7,901
7,522
0
0
0
140
550
557
519
846
979
1,119
1,038
1,008
835
534, 7
528. 1
591.6
93.1
98.8
117.6
4.3
5.0
7.3
18.1
19.3
22.7
31.1
33.8
31.7
17.5
15.6
16.5
3.5
7.9
14.9
187.6
187.2
221.1
741
577
369
a 1, 388
a I, 018
o 1, 217
259, 820
244, 136
272,474
17, 272
31, 294
37, 435
64
64
66
62
63
64
61
i Daily average basis.
Thousands
£
m
+a
s
1
18.9 214.6
14.6 161.1
Thousands of cars
1
i
"S
fc
%
56.4
38.6
58
61
63
60
63
64
63
55
55
62
i
'3
£
O
•«
'S
«e
27.1
14.3
65
61
60
58
59
63
1932
I &
5
1
1
n
!
ll
II
1rt|
112.6
73.6
66
65
68
66
60
56
1933
1934
'3
X
-3
£
i
£
Canal traffic
4.9
2.5
756.2
483.1
_.
£>
3
§
2
Financial
statistics, class
I railroads
Thous.
of long
tons
820
506
576
376
Monthly average, 1923-25 =
100
78
76
51
51
January
._ . _
February
March
April
May
June
July
Monthly average, January through July:
.
I e^
h
05
G
Freight-car surplus
Freight-car loadings
Pullman passengers carried
|
RAIL AND WATER TRAFFIC
For seasonal variation.
3
4
179.5
160.5
159.8
American vessels, both directions.
4
Average weekly basis.
Thousands of
short tons
"97i
3 months' average.
"654
"689
c971
12
SURVEY OF CURRENT BUSINESS
September 1934
Automobiles and Rubber
of a favorable retail demand for
CONTINUATION
ears has given a firm tone to the automotive industry. While production during August has followed the downward trend of sales, the industry has
shown a degree of resistance to the general decline in
business activity which has occurred during the summer months. Sales of new passenger cars in July,
adjusted for seasonal variations, reached a high for
the year, exceeding the June sales by about 5 percent.
Despite the decline which is indicated for August, the
retail movement has been sufficiently large to maintain August production at a rate approximately equal
to that for August 1933. In view of the sales results
on current models, preparations for next year's cars
have not been pushed.
Official figures covering July production reveal an
output in excess of the preliminary estimates, although
the decline from the June total was larger than the
usual seasonal recession. The adjusted index of the
Federal Reserve Board declined from 82 percent of
the 1923-25 average in June to 77 percent in July.
The July index was 12 percent above a year ago, and
the highest July figure since 1929.
The number of units produced, including foreign
assemblies from parts made in the United States and
reported as complete units or vehicles, was 266,575,
compared with 308,065 in June and 229,357 in July
of last year. Production in the first 7 months of the
year, amounting to 1,980,914 units, exceeded the total
for the entire year 1933 and was 45 percent larger than
the output of the year 1932.
The export demand for automobiles has been well
sustained, with July shipments of 23,959 vehicles only
slightly less than in the preceding month. July exports were the largest for that month since 1929, when
55,142 vehicles were exported. Export markets took
more automobiles during the first 7 months of the year
than for any similar period since 1930.
Activity in the rubber industry declined during
July, the decreased activity being only partly the
result of seasonal conditions. Domestic consumption
of crude rubber was 18 percent less than in June and
31 percent less than in July 1933. The use of reclaimed rubber, which is steadily but only gradually
increasing in the industry, amounted to one-sixth of
the total consumption in the first 7 months of 1934.
Reclaimed consumption in this period, amounting to
50,649 tons, was 53 percent higher than a year ago.
Crude consumption of 262,164 tons was up 28 percent
in this period.
Production of tires and tubes declined sharply in
July, conforming to the trend of shipments. The
latter figures were affected by the heavy movement
of June, which was caused by the stocking up by automobile manufacturers before price increases became
effective. Original equipment shipments for the
month were not sufficient to equip the cars produced.
Total shipments of casings were 24 percent larger
than production and manufacturers' stocks were
reduced by 745,000 to 9,168,000. The latter figure
was, however, 68 percent higher than the stocks
carried at the end of Julv 1933.
AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports
Automobile production
I
New
pasCanada
United States
senger
car
F.E.B.
PasPassen- Trucks regindex, Total sen- Taxi- Trucks
istrager
Total
Year and month
adger
tions
cabs
justed i
cars
1931: July.
1932: July. ..
1933:
July
August
September
October
November
December. _
1934:
January
February
_
March. .
April
May
June
July
Monthly average, January through July:
1932
1933
1934
Monthly average,
192325=100
Thousands
New pa,ssenger- Pneumatic
car isales
1
tires «
AdUnadjusted justed^
Monthly average,
1929-31 = 100
Number
Crude rubber
DoWorld
Do- mestic
ProconIm- i stocks,
duc- mestic
shipsumpports
;
end
of
tion ments tion,
month
total
Thousands
Long tons
60
33
218
109
184
95
180
27
34, 317
14, 438
4,220
7,472
6, 478
3, 039
3,518
1,865
194, 322
104, 188
70.9
31.0
64. 5
28.0
3,941
2,893
4,244
1,845
29, 382
26, 010
44, 052
32, 524
549, 127
579, 195
69
60
55
45
30
45
229
233
192
135
61
81
191
191
157
105
41
49
4
68
9
63
1,611
1,299
38, 092
41, 441
34, 424
29, 813
18, 318
29, 776
5, 546
6, 516
6, 330
5,906
3, 527
3,066
3,582
3,792
4,614
5,567
3,176
6,460
185, 660
178, 661
157, 976
136, 326
94, 180
58, 624
57.5
58.3
51.2
42.7
33.0
17.3
52.5
52.0
52.0
53.5
53.0
30.5
4,571
3,995
3,199
2,743
2,432
2,466
4.324
3,674
2,714
1,943
1,686
2,726
43, 660
39,097
31, 047
27, 758
25, 371
25, 306
45, 243
45, 413
46, 255
46,034
41, 821
40, 751
619, 752
603,711
619, 019
628, 127
646, 423
644, 898
56
71
78
85
78
82
77
157
232
331
355
332
308
267
113
188
275
289
274
262
224
321
27
16
1
0
0
0
43, 255
44, 041
56, 525
65, 714
57, 887
46, 213
42,707
6,540 i
6,079
5,808
3,682
2,291
3,262
i
6,904
8,571 :
14, 180
18, 363
20, 161 1
13, 905 i
11,114
3, 685
8,872
16, 141
16, 509
16, 058
18, 071
17,621
7,573
6,039
10, 076
10, 756
8,612
6,816
6,338
61, 242
94, 887
173, 287
222,900
219, 163
223, 642
230,000
22.8
45.7
68.4
87.9
78.1
84.6
73.1
33.5
54.5
64.5
59.0
55.5
63.5
66.5
3,804
4,205
5,025
4,627
4,323
4,212
3,278
3,043
3,106
3,966
4,212
5,049
4,956
3,974
35, 159
36, 518
43, 329
40,902
39, 571
36, 620
30,035
49, 088
35, 220
42, 253
45, 175
49, 901
48, 748
42, 674
643, 355
652, 690
653, 000
647, 993
659, 865
660, 699
676,882
38
48
75
140
174
283
118
146
232
80
189
52
22, 078
27, 539
50,906
6,734 ,
6,400
13,314
4, 177
5,595
13,851
2,028
2,844
8,030
109, 688
124, 016
175,017
43.1
45 2
3,154
3,058
4,211
3,261
2,998
4,044
27, 382
29, 196
37,452
36, 279
28, 375
44, 723
614, 708
620,812
656,355
1
Adjusted for seasonal variations.
3
65.8
See note on p. 51. July figures are preliminary.
13
SURVEY OF CURRENT BUSINESS
September 1934
Forest Products
r
production has continued to reflect the
E MBER
current low level of consumer demand. Output
demand, and the new minimum prices (now in effect),
the report indicated that the industry should be able to
approach a balance between supply and demand and
reduce its heavy stocks. The board repeated its
recommendations, made in previous reports, that if the
lumber industry hopes to secure reasonable stabilization it needs to adjust its production and stocks to current consumption and to the expectancy of recovery in
demand. Trade promotion and research to extend the
uses of lumber were also recommended.
Employment in the lumber and allied products industry declined by 2.4 percent in July. Pay rolls were off
by 6.8 percent. As compared with July 1933, employment was higher by 4.7 percent and pay rolls by 14.5
percent. Employment in sawmills, although lower
than in June, was considerably higher than last year.
Exports of all types of lumber during July were 16
percent greater than in June. This represents an
exceptional June-July gain, but the trend was influenced to some extent by shipping conditions. For
the year to date foreign shipments of lumber were 0.9
percent lower than in 1933 but 6.4 percent higher than
in 1932.
Activity in the paper industry declined during July
with slight decreases occurring in both employment and
pay rolls. Shipments of newsprint from mills (both
Canadian and United States) declined seasonally and
were smaller than a year ago. Mill stocks rose
perceptibly, Canadian accumulations reaching the
highest level since March 1932 while United States
stocks were the largest since July 1933.
has been irregular, declining sharply in the early part
of July but moving steadily higher to a peak for the
year in the middle of August. During June, July,
and August, production has been less than in 1933,
although for the year through August 18 the cut was 12
percent larger than a year ago.
Shipments of lumber, due mainly to the settlement of
the longshoremen's strike on the Pacific coast, improved during recent weeks, and shipments for the
week ended August 11 were the largest since July 1933.
Orders received during July were below production for
that month and were also below the total for July 1933.
During the last week in July and the first 3 weeks in
August, orders increased sharply and were considerably larger than in the corresponding weeks last year.
As production since the end of June has been in excess of shipments, the already high stocks have been
augmented. On August 11, gross stocks of 591 mills
totaled 3,754 million feet which was equivalent to 163
days average production. This compares with stocks
equivalent to 139 days production on a similar date in
1933.
The Timber Conservation Board, in its review of
operations for the quarter ended June 30, stated that
on account of strikes, particularly on the Pacific coast,
and consumer hesitancy in buying because of price
uncertainties, the lumber industry experienced a less
favorable second quarter than usual. With the strike
situation cleared up in most sections, increased housing
FOREST PRODUCTS STATISTICS
Production,
adjusted 1
Year and month
Pay rolls
Employment
TurFur- Saw- penPaper
nitine
mills,
Lum- and
ture,
and
ad- rosin,
ber print- adjusted
ing justed
unadjusted
Unadjusted
Furniture
Sawmills
1931: July
1932: July
1933:
July _
August
September
October
November
December
1934:
January
February
March
April.
May
June
July
. __ .
Monthly average, January through July:
1932
1933
Turpentine
and
rosin
42
25
109
86
74.2
52.1
41.0
25.0
90.4
71.9
55.8
25.2
35.1
13.3
Thousands of
cars
50.5
27.1
33.9
14.3
46
46
36
33
30
32
111
106
104
99
95
97
65.3
68.6
74.8
72.2
67.3
63.8
30.1
32.7
34.5
35.6
34.4
34.0
83.5
89.4
97.6
103.9
101.1
107.7
36.0
43.9
52.8
55.0
45.0
40.1
17.0
20.1
23.2
23.3
21.8
20.0
34.2
36.3
43.3
48.3
45.3
48.9
34
29
38
33
33
31
29
99
99
100
100
100
62.2
63.0
64.1
63.0
64.5
64.7
64.9
32.1
32.7
33.7
34.5
35.6
34.2
33.1
97.8
98.6
101.4
101.2
102.4
98.6
97.3
35.3
40.5
41.1
40.3
40.5
41.2
39.3
17.4
19.1
20.7
22.5
24.2
23.2
20.9
61.0
55.8
26.7
24.5
72.8
71.9
99.6
36.0
28.5
39.7
14.8
11.9
21.1
Monthly average, 1923-25*100
26
29
1934
„ ..
32
63.8
33.7
1
http://fraser.stlouisfed.org/
Adjusted for seasonal variations.
Federal Reserve Bank of St. Louis
Newsprint
Lumber production
Carloadings,
forest
prod-2
ucts
CaliDoug- South- Southern
fornia
ern
las
hardredfir
pine woods wood
Consumption
by
Subshers
Imports
Production
Short tons
Millions of feet, board measure
149
80
122
83
109
71
15
8
157, 119 173, 457
131, 823 138, 856
99, 396
73, 603
26.9
27.2
24.7
24.4
23.4
18.1
196
188
137
132
128
111
126
133
114
104
103
96
169
165
150
143
131
135
9
15
18
22
16
17
132, 482
127, 837
134, 306
152, 098
154,934
148, 427
163, 434
151, 210
177, 750
175, 711
176, 766
168, 787
80,3%
87, 957
72, 091
82, 052
87, 567
80, 895
50.4
51.7
46.2
53.7
51.4
51.0
50.3
18.3
21.8
23.7
24.2
25.1
24.6
20.8
109
132
151
153
132
77
106
112
124
117
118
108
99
124
128
120
135
116
146
116
20
23
25
24
26
26
140,955
153, 958
156, 721
160. 815
193, 088
154, 175
168, 752
124, 584
168, 839
196, 490
204, 036
200,004
197,227
84,897
71, 544
84, 966
80, 505
89, 726
82, 260
76, 184
33.3
30.5
50.7
18.1
19.3
22.7
" 102
93
100
112
126
' 13 "148, 191
e 11 o!31, 807
'24 "159,952
153, 059
134, 760
179,990
88,453
76, 821
81,440
2 Weekly average.
a 121
'127
86
" 6 months average.
14
SURVEY OF CURRENT BUSINESS
September 1934
Iron and Steel Industry
in the iron and steel industry has
PRODUCTION
declined further during August, following the sharp
drop in July. According to the weekly estimates of
the American Iron and Steel Institute, steel mill activity declined from 27.7 percent of capacity in the
week of July 28 to 21.3 percent in the week of August
25. Thus, a contraseasoiial decline in output is indicated for the current month. The rate of incoming
business has been slow, as major consumers have been
drawing down stocks accumulated at second quarter
prices.
The high rate of production in the second quarter,
when output was determined by price considerations
and fears of labor difficulties rather than consumer demands, is the primary cause of the low operating rate
and the trend of the industry should be gaged on the
performance of both the second and third quarters.
July iron and steel production, adjusted for seasonal
variations, dropped to 47 percent of the 1923-25 average, compared with 85 percent in June, 99 in July last
year, and 25 percent in July 1932. Considering the
extent of the recession in output, the decline in employment (7 percent) was relatively small, but the drop in
pay rolls amounted to 24 percent.
Steel-ingot output during July was at the rate of
27 percent of capacity and production was the lowest
for any month since April 1933. The indicated August
output, according to the weekly estimates, was below
25 percent of capacity for the first time since March
1933, in which month the industry operated at 15
percent of capacity.
Shipments of finished products dropped abruptly
during July. The effects of the abnormal production
trend in recent months is well illustrated by the shipments of the leading corporation which in June were
65 percent higher than in 1933, whereas July shipments
were 50 percent below a year ago. Shipments of steel
sheets were less than one-third of the June total and
were the smallest for any month since March 1933.
New orders for sheets were less than either production
or shipments.
Pig-iron output also dropped sharply during July,
although the decline was less severe than in the case
of steel. The daily average volume of production,
adjusted for seasonal variation, was 36 percent less
than in June and about one-third less than in July
1933. The blowing out or banking of 14 additional
furnaces, making a total of 42 in the past 3 months,
reduced the number of active stacks to 75, or the same
number as were working last December. Pig-iron
production, as well as steel production, is currently
running below the total for the corresponding period
of 1933, but output for the first 7 months of the year
was 77 percent above 1933. The increase for steel
ingot production in this same period, which resulted
in the highest output for this period since 1930,
amounted to 47 percent.
Reflecting the current state of demand, prices of
steel scrap have receded to new lows for the year.
The composite price of scrap, compiled by the Iron
Age, receded to $10.17 a ton in the middle of August.
A month earlier the figure was $10.58.
IRON AND STEEL STATISTICS
General operations
Production,
adjusted *
Year and month
EmPay
ploy- rolls,
Ex- Imment, unadad- justed ports ports
justed*
Monthly average,
1923-25=100
1931- July
1932- July
1933:
July
August
September
,- October
November
December
1934:
January
February
March
April .
May
June
July
Monthly average, January
through July:
1932
-.
1933
-- _ _ .
1934
Iron and
steel
Steel ingots Steel sheets 2 United
Pig iron
Production
Furnaces
in
blast
Production
Thousands of long
tons
Number
Thousands
of long
tons
States
Steel
Corporation, Iron
and
New Ship- finished
Perorprod- steel,
cent ders ments ucts,
comof
ship- posite
caments
pacity
Thousands of
short tons
i
Long
tons
Prices
Steel
billets,
Besse- i
mer
(Pittsburgh)
Steel Finished
scrap
steel,
(Chicomcago) posite
Dollars per long ton
Dollars
per 100
pounds
58
25
69.8
50.1
52.4
23.4
84
53
37
18
1,463
572
46
1, 888
807
34
15
144
66
178 ! 593, 900
73 272, 448
31.05
29.48
29.00
26.00
8.75
4.88
2.20
2.17
99
80
65
60
47
60
62.8
68.7
70.9
69.4
68.1
67.6
41.4
50.0
47.5
47.6
43.3
43.7
88
119
109
165
158
185
53
47
56
47
29
31
1,792
1,833
1,522
1,356
1,085
1,182
106
98
89
79
76
75
3,168
2,864
2,283
2,085
1,521
1,799
58
49
40
37
27
33
174
159
145
79
88
110
174 701, 322
174 668, 155
164 575, 161
175 572, 897
99 ' 430, 358
112 600, 639
29.81
30.04
31. 30
31.59
31.59
32.42
26.00
26.00
26.00
26.00
26.00
26.00
10.41
10.45
9.84
9.33
8.56
8.94
2.17
2.17
2.20
2.26
2.26
2.31
56
63
66
76
84
85
47
64.9
66.4
69.1
71.5
74.3
76.3
71.4
41.1
45.7
51.3
56.8
61.3
62.6
47.6
178
151
26 L
202
242
219
233
23
25
38
27
29
25
18
1,215
1,264
1,620
1,727
2, 043
1,930
1,225
87
89
96
110
117
89
75
1,971
2,183
2,761
2,898
3,353
3,016
1,473
33
41
46
53
56
53
27
209
184
158
272
246
115
73
131
147
201
184
241
302
85
331, 777
385, 500
588, 209
643, 009
745, 063
985, 337
369, 938
32.42
32.42
32.40
34.18
34.77
34.89
34.21
26,00
26.00
26.00
26.75
29.00
29.00
27.40
10.50
11.00
12.13
11.75
10.95
9.75
9.55
2.31
2.31
2.31
2.40
2.53
2.53
2.46
33
48
68
55.6
51.3
70.6
31.8
28.9
52.3
53
87
212
32
29
26
820
890
1,575
22 1
97
31
132
44 ! 180
103
110
184
365, 477 1 29. 65
28.64
416, 249
578, 405
33.61
26.89
26.00
27.16
6.54
7.07
10.80
2.15
2.10
2.41
* Adjusted for seasonal variation.
56
1,215
62
1, 720
95 ! 2,522 s
1
Black, blue, galvanized, and full finished.
15
SURVEY OF CURRENT BUSINESS
September 1934
Textile Industries
SIDE from the improvement in the rayon industry,
operations in the various textile industries have
continued on a restricted basis. The limitation of
machine activity in the cotton-textile industry, effective for the 12-week period ended August 25, tended
to hold production in that branch to a fairly steady
pace.
According to the Federal Reserve Board's index,
the output of the textile industries as a group declined
slightly during July, but the adjusted production
index stood at 77 in both June and July. While the
output of the industry has recently dropped considerably below the level of a year ago, production in the
first 7 months of 1934 was only 14 percent below 1933
and was 18 percent in excess of 1932.
Cotton spindles were operated on the basis of 74.3
percent of single-shift capacity during July, compared
with 72.7 in June and 117.5 in July, 1933, according
to the long-term series of the Bureau of the Census.
Average spindle hours per spindle in place were 167
in July and 169 in June. Output of cotton print
cloth was slightly higher in the four weeks ended
August 11 than in the preceding 4-week period, while
printed yardage in storage dropped from 111,154,000
yards to 108,358,000 yards in this interval.
Activity in the woolen industry was only slightly
changed during July. Spindle activity was at a somewhat higher rate than in June, and the consumption
of raw wool was about the same. The decline in
weaving was pronounced in the'carpet and rug branch.
Narrow looms were also operated at a lower rate,
but wide loom activity increased.
Conditions in the silk industry have not undergone
any marked variation in recent weeks, with production
continuing at a low level and silk prices displaying
further weakness. Daily average consumption of raw
silk during July was the same as in June, but there
was a decline in weaving operation following the
temporary gains in June which resulted from the
almost complete suspension of operations for one week
in May. Production of stock carrying mills dropped
from 291 yards per loom in June to 266 yards in July,
while the output of commission weavers dropped from
459 to 392 yards. Stocks of cloth increased by 2.8
percent to the highest total reported since March 1933.
In the hosiery industry, the growth of stocks led
the code authority to call upon the industry for a
voluntary curtailment of production. Current data
are not available to indicate whether the members
have followed out the suggestion of voluntary individual restriction.
Data on the production of members of the synthetic
yarn code authority are not available to measure the
extent of the improvement in rayon production.
However, the plants operating under the silk-throwing
code produced 54 percent more rayon for weaving in
the 4 weeks ended August 4 than in the preceding
4-week period.
1931- July
1932' July
1933:
July
August
September
October
November
December
1934:
January
Februarv ..
March
April
_ _
May
. _
June
July
Monthly average, January
through July:
1932
1933
1934__
Cotton,
raw
Cotton and manufactures
ft
&
+*
5c
ZZ
o
§3
§a
Ift s |l
QC
!E'•£
i
*"-!
«*§
i"
Ifl "Si
!
A Q
£§
450, 884
278, 568
130
114
99
91
89
78
600, 641
588, 570
499, 486
503, 873
475, 368
348, 393
8,128
7,942
7,058
7,261
6,796
5,095 86, 517 137,661
80.2
93.5
91.3
88.8
86.0
85.5
87
91
94
90
89
77
77
508, 034
477, 890
543, 690
512, 703
519, 765
363, 414
359, 372
6,970
6,692
7,720
7,260
7,279
5,253
5,152
106, 280
104, 949
99,614
106, 388
107. 128
118, 034
111, 154
73
100
86
382, 143
542, 199
469, 267
5,349
7,493
6, 618 104.750 107,650
Running
bales
Millions of
spindle
hours
6,528
3,656
Thousands of
yards
99,901
104, 920
131,426
122, 951
114,803
83, 414
75,833
Wool manufactures
Spinning
spindles
Looms
a
Monthly average,
1923-25=
100
100
69
i Adjusted for seasonal variation.
Cotton cloth
finishing -
Wool
1
1
Month- Thouly avsands
erage,
of
1926 = pounds
100
66.8 53, 886
50.0 26, 719
1
£
i
i
I
1
i
Percent of active hours
to total reported
W h o l e s a l e price,
woolen and worsted
goods
Year and month
1
Production index, ad- !
justed i
TEXTILE STATISTICS
Silk
i
Operations, machinery activity
a
03
O>
"3
fi
Monthly av- Bales of
erage,
1926 = j pounds
100
67.4 44,746
53.6 38,382
64
39
83
50
43
17
64
45
57, 377
55, 694
50, 467
51, 037
43, 466
33, 570
108
99
82
68
63
54
96
83
69
65
60
46
54
51
48
41
39
27
97
87
73
62
64
57
72.3 ; 44,597
78.9 42,852
82.7 11 31,185
84.5 28,521
84.4 34, 822
84.3 26, 959
86.5
88.6
89.1
88.2
86.3
86.0
85.1
35, 968
34, 348
36, 119
29, 889
28, 213
26, 213
25,936
70
76
75
70
70
71
74
52
48
44
39
41
29
32
34
39
38
40
40
30
28
67
69
66
55
58
54
56
84.3
84.3
84.0
82.0
81.0
80.8
80.7
53.9
57.9
87.1
25, 741
40, 771
30. 955
40
71
72
40
63
41
21
40
36
42
66
61
59.4
59.4
82.4
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Grease equivalent.
!
40,942
39,021
44,080
37,392
38, 740
33, 069
32,021
42, 288
43, 584
37. 895
4
M*
•0*
1
*s
ll
tt"
£$
|1
£
Percent of active hours
tototal
1
33.6
31.1
34.8
29.1
52.8
64.3
62.3
54.9
37.9
32.0
37.0
36.6
35.8
30.0
£»-»£
|si
Dollars
per
pound
2.364
1.231
1
34.8
35.5
41.6
46.2
« «£
OteS
ft
P
CJ O
!
ss|
&££
a&S
39.2
56.0
62.5
59.7
48.6
31.5
40.0
2.273
1.881
1.889
1.647
1.465
1.416
«.,
1.453
1.550
1.405
1.318
1.284
1.199
1.139
-...-..J 48.5
1.501.576
1.33
Twisting spindles.
16
SUKVEY OF CUEEENT BUSINESS
September 1934
Highlights on the Wholesale Census, 1933
Theodore N. Beckman, Ohio State University, in Charge of Wholesale Distribution, Bureau of the Census 1
trade constitutes one of the most
WHOLESALE
significant barometers of general business conditions. Changes in its volume usually precede
similar changes in consumption and the variability in
wholesale prices normally presages at least the direction of fluctuations in retail prices. Central wholesale
markets are sensitive, well organized, and respond
more quickly and accurately to changing conditions
in supply and demand than is true of other types of
markets. For these reasons, many indexes of wholesale trade and of wholesale commodity prices have
been developed.
Current indexes of various phases of business activity may be compared with certain methods of
inventory control used by merchandising establishments. There is the book inventory, the real perpetual inventory, the tickler method of control, the
physical inspection plan, the purchase record method,
etc. All of these aim to indicate the approximate
position of the merchandise in stock in order that
purchases may be correlated to sales and to stocks
already on hand. However, none of these methods of
* Assisted by John Albright of the Wholesale Census in the preparation of some of
the tabular material.
control is deemed accurate and the degree of accuracy
of each must be checked at least once or twice a year
through an " actual physical inventory " which is the
most complete and comprehensive of all devices now
in use. In this manner the most accurate inventory
method may be chosen for control purposes in the
interim, and adjustments made from time to time on
the basis of the results shown by the actual physical
inventory. Similarly, current business indexes must
be checked periodically in order to ascertain their
accuracy or degree of error. The best way of accomplishing this is through a complete census covering
similar items of information.
The first comprehensive inventory of wholesaling
was taken in 1930 as part of the Census of Distribution
covering operations for the year 1929. Through
funds supplied by the Civil Works Administration
another such inventory was taken during the present
year as part of the Census of American Business
covering the year 1933. In this way, it is possible to
see wholesaling in the fourth year of a severe depression
in comparison with the previous snapshot of wholesaling covering a year of prosperity, and to note the
changes effected in this 4-year period.
fc
«?5v VMS^'
PERCENT DECREASE
I
I 25 TO 50
Wm 50 TO 60
H160 TO 75
TOTAL FOR UNITED STATES
I933.--$30,5IZ,27I,000
1929-.-$69,056,604,000
PERCENTAGE
CHANGE
-55.8
Percentage decrease in wholesale trade of the United States.
48.<
17
SURVEY OF CURRENT BUSINESS
September 1934
WHOLESALE TRADE OFF SHARPLY—DECLINE IN
ESTABLISHMENTS SLIGHT
During the year 1933, there were in the United
States, according to preliminary figures, 159,724
wholesale establishments or places of business where
all or a major part of the goods are sold or distributed
on a wholesale basis (table 1). This compares with
169,655 such establishments in 1929, or a decrease of
5.9 percent. However, when the final results are
published, the number of establishments will probably
total around 164,000. This means that the reduction
in the number of wholesale business establishments is
rather small arid probably not in excess of 4 percent.
The dollar volume of wholesale business, however,
registered a severe decline. In 1933, the net sales of
all wholesale establishments amounted to $30,512,271,000 as compared with $69,056,604,000 for 1929,
marking a decrease of 55.8 percent. It is probable
that the final figures on wholesale trade volume will
be in the neighborhood of $32,000,000,000. This
means that the average sales per wholesale establishment were considerably lower in 1933 and that the
smaller enterprises exhibited unusual tenacity during
this depression which is probably the most severe in
many respects in our history. Such a result augurs
well for the "small business" man and should tend to
dispel fears entertained by some about the disappearance of the small wholesale business unit.
FOUR STATES HANDLE HALF OF BUSINESS
Approximately one-half of the total volume of
business in 1933 was reported by wholesale establishments located in the four States of New York, Illinois,
California, and Pennsylvania. The States of Ohio,
Massachusetts, Missouri, and Texas accounted for
an additional one-third of the business. Thus, the
eight States named in the order of their importance,
each reporting more than a billion dollars worth of
wholesale business during 1933, made up about twothirds of the total volume. The same eight States
accounted for almost two-thirds of the wholesale
business in 1929, although the order of their importance
has changed in 1933 from that of 1929 except for New
York, Illinois, and Texas, which still retain first,
second, and eighth places, respectively. California
changed places with Pennsylvania, moving up from
fourth place to third. Ohio and Massachusetts advanced from sixth to fifth and from seventh to sixth
positions, respectively, while Missouri descended from
fifth to seventh place. Most of the remaining States
also changed rank during 1933, may be seen by reference to table 1.
Table 1.—Summary of Wholesale Trade by States, 1933
Net sales
State
Total
Alabama _
Arizona
Arkansas
_ _ _ _ -_ _ _ _
California
Colorado
Connecticut--.
Delaware
District of Columbia
Florida
Georgia _ _
Idaho
Illinois
__
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine - Maryland
Massachusetts
Michigan
Minnesota
~_
Mississippi
MissouriMontana
Nebraska
Nevada - -_ - - _ _
New Hampshire
New Jersey
New Mexico
._ ___ _.
New York
North Carolina
_ ..
North Dakota
Ohio
Oklahoma _ . _ . ___ . .
Oregon
Pennsylvania
Rhode Island
_ _ ._ _ _ _ _ _ _ ._
South Carolina
South Dakota.. _ _ _._ - _ Tennessee
Texas _ _ .
_._ - Utah
Vermont
Virginia.
_ _ ._
. -_
Washington
West Virginia _ _ . . _ _ . _ . .
Digitized forWisconsin.
FRASER- .
___
...
Wyoming _
http://fraser.stlouisfed.org/
Federal Reserve Bank81294—34
of St. Louis
Number of establishments
1923
169, 655
1,743
358
2,052
9,751
2, 075
1,369
286
496
2,054
3,183
674
11,587
3,734
4,954
4,323
2,027
1,729
987
2,205
6,066
5,272
5,521
1,713
6,674
1,249
2,890
96
326
2,344
317
25,311
2,413
2,819
8, 077
4, 179
1, 439
10, 542
737
1,539
1,973
2,256
9,606
736
308
2,344
2,591
1,132
3,515
283
1933
Amount (in thousands of dollars)
1929
1933
159, 724 $69, 056, 604 $30, 512, 271
187, 886
1,548
574, 145
49, 761
469
97, 554
115, 754
1,119
373, 074
11, 003
2, 272, 135
4, 159, 323
1,742
539, 626
230, 781
1,314
520, 551
220, 617
118, 087
47, 785
238
482
140, 369
261, 083
466, 535
256, 006
1,985
386, 538
2,205
1, 016, 496
49, 155
758
95, 616
2,
772,
669
11,837
6, 861, 067
921, 561
4,247
399, 330
5, 057
447, 254
1, 057, 006
4,833
1, 020, 677
281, 728
522, 495
1,973
259, 871
836, 197
420, 713
2,026
189, 975
97, 686
788
2,203
741, 367
367, 697
1, 422, 897
5,035
3, 065, 856
862, 732
2, 172, 409
5, 777
5,001
793, 495
1, 716, 944
1,246
385, 226
142,831
1, 362, 897
5,908
3, 361, 721
1, 231
158, 545
76, 073
3,280
393, 135
1,054,064
141
9,934
13, 719
282
32, 730
61,414
491, 049
2,648
1,008,881
390
53, 547
25, 237
21, 506 17, 604, 634
7, 863, 017
2,271
717, 432
372, 912
262, 430
90, 278
2,350
1, 576, 675
8,269
3, 094, 100
294, 831
3,934
773, 398
1,325
466, 831
193, 841
9,559
2,116,772
4, 777, 292
526
300, 072
132, 477
164, 283
1,216
333, 528
1,655
236, 280
71, 770
1,929
1, 068, 981
428, 374
6,876
2, 804, 518
1, 048, 131
646
180, 101
85, 055
247
57, 393
35, 561
2,333
656, 309
331, 537
2,696
937, 768
435, 822
346, 839
1,158
170, 269
4,115
979, 276
465, 205
347
34, 661
18, 716
Percent Percent
change, of total,
1929-33
1933
-55.8
-67.3
-49.0
-69.0
-45.4
-57.3
-57.6
-59.5
-46.2
-45.1
-62.0
-48.6
-59.6
-56.7
-57.7
-72.4
50 3
-49.7
-48.6
-50.4
-53.6
-60.3
-53. 8
-62.9
-59.5
-52.0
-62.7
-27.6
-46.7
-51.3
-52.9
-55.3
-48.0
-65.6
-49.0
-61.9
-58.5
-55.7
-55.9
-50.7
-69.6
-59.9
-62.6
-52.8
-38.0
-49.5
-53.5
-50.9
-52.5
-46.0
100. 00
.62
.16
.38
7.45
.76
.72
.16
.46
.84
1.27
.16
9.09
1.31
1.47
.92
.85
1.38
.32
1.20
4.66
2.83
2.60
.47
4.47
.25
1.29
.03
.11
1.61
.08
25.77
1.22
.29
5.17
.97
.63
6.94
.43
.54
.23
1.40
3.43
.28
.12
1.09
1.43
.56
1.52
.06
Rank according
to volume of
business
1929
25
43
32
4
26
28
42
37
30
15
44
2
19
12
14
27
20
39
22
7
9
10
31
5
41
13
49
45
16
47
1
23
36
6
21
29
3
35
34
38
11
8
40
46
24
18
33
17
48
1933
30
42
36
3
27
28
44
34
26
19
43
2
17
13
24
25
16
37
21
6
9
10
33
7
40
18
49
46
11
47
1
20
38
5
23
29
4
35
32
41
15
8
39
45
22
14
31
12
48
Average number Salaries and wages,
of employees,
1933 (in thousands
1933
of dollars)
Full
time
Part
time
Full time
Part
time
1,058,767
8,849
2,235
5,877
92, 253
10, 668
11, 186
1, 378
5,918
14, 780
14, 549
2,034
88, 881
18, 572
18, 417
12, 474
11,969
17, 392
4,962
17, 136
43, 403
34, 649
28, 204
5,009
47, 839
3, 137
12, 813
450
1,795
21, 788
1,197
185, 502
12, 816
3,978
63, 467
12, 467
9,496
72, 974
4,604
4,809
3,835
15, 627
38, 140
4,498
1,707
15, 820
19, 099
7,325
21, 983
806
120, 591
951
726
804
20, 086
1,128
982
245
170
5,375
1,547
967
7,760
2,262
2,758
2,169
2,612
1,470
560
3,149
3,004
3, 773
2,687
1,193
3,909
472
2,020
71
168
1,605
143
9,034
2,836
505
5,330
1,823
1,198
5,642
310
602
551
1, 917
5,266
431
124
3,161
3,490
709
2,794
102
$1, 586, 664
11,318
3, 320
7,009
134, 934
14, 348
15, 546
2,227
8,613
16, 142
19, 705
2, 749
143, 455
24, 630
23, 171
15, 397
14, 226
22, 393
6,763
21, 844
72, 510
50, 679
39, 478
5,925
69, 093
4,551
16, 287
727
2,318
34, 628
1, 696
341, 391
15, 631
5,020
95, 238
16, 380
13, 462
108, 880
6,851
6,006
4,721
19, 109
50, 162
5,846
2,167
19,512
27, 071
10, 699
31, 690
1,146
$58, 875
347
378
281
11,014
532
897
99
91
1,794
460
437
4,617
943
1,242
815
1,097
527
243
1,014
1,823
1,709
1,255
382
1,667
253
721
37
75
957
60
6,738
780
193
2,622
730
642
3, 122
185
199
208
641
2,165
188
59
1,099
1,830
317
1,339
51
18
SURVEY OF CURRENT BUSINESS
September 1934
While the average decrease in the business of whole- Table 2.—Percentage Decline in Wholesale Business Compared with Specified Kinds of Goods, Expressed as Persale establishments in 1933 as compared with 1929 for
cent of 1929 Total
the entire United States was 55.8 percent, 11 States
showed a decline of over 60 percent and 24 States had
1929
a decrease of from 50 to 60 percent. Thirteen States
Percentage
and the District of Columbia showed a decline of less
Farm proddecrease
States listed according to decrease in sales
prod- ucts plus
in dollar Farm
than 50 percent, but none of the States (including the
volume, 1929-33
ucts—raw
selected
volume,
materials, industrial
1929-33
District of Columbia) had a decrease of less than
percent of goods, pertotal
cent of
25 percent. The States most seriously affected, as
total
shown on the map, are located in the wheat-producing
area and in the Cotton Belt. To this there is but one
united states
55.8 17
33
exception, namely, Michigan, ^which apparently suf-
1
fered from the unusual decline in the automotive business, at least during the first part of 1933.
These data are shown in detail in table 2 wherein
the States are listed according to the percentage
decrease in their volume of wholesale business in 1933
as compared with 1929. The exact percentage decrease for each State in shown in the second column.
The third column shows what percentage of the total
wholesale business reported for 1929, for the United
States and for each of the States, consisted of farm
products of the raw material type, such as cotton,
grain, livestock, leaf tobacco, etc. In the fourth
column is shown, for the United States and for each
of the States, the percentage of the total volume of
wholesale business reported for 1929, which consisted
of the type of farm products referred to above, plus
certain types of "heavy" goods used primarily for
industrial purposes, including machinery, equipment
and supplies, metals and minerals, and lumber and
\ Alabama
jj- Mte^stoS0~ta
g'. TexaTka
'.
^ Oklahoma"
}*• ^nnessee
u Missouri
}*>.
Delaware
-to. vjiyguu
g. *™^cYicutf
20 Fn°d?ana°
22'penn^ivan/a
1^ Minnesota
25. Massachusetts
g. New Mexico
29. wisconsm
32 wel/vir^m'ia"
34'MarthiSialolina
&>. Kentucky
|7. Virginia
|9. Arizona
rnafpriold
HiaitTia.S.
DECLINES
MOST
SEVERE
IN
STATES
HANDLING
LARGE VOLUME OF FARM AND "HEAVY" INDUST P T A T T>T?r»FITTr "TQ
>
IR1AL FRODUCI^
It is a matter of common knowledge that a good
share of the brunt of the depression has been borne
by farming and by the heavy goods industries. An
attempt has been made to express this relationship
statistically. The percentage decrease in wholesale
sales volume by States has been correlated first, with
the sales of farm products (raw materials) percent of
total 1929 sales, and second, with the percentage of
1929 sales accounted for by farm products (raw
materials) and certain "heavy" goods combined.
The correlations were calculated by the Pearsonian
formula
When the percentage reduction in sales by States is
correlated with farm products (raw materials) percent of the total sales during 1929, r (the coefficient
of correlation) is found to be 0.56 ±0.07. This represerits some degree of association and indicates that the
decline in the sales value of farm products has been
a contributing factor in the decline in wholesale sales
volume and that in general the States which in 1929
reported large proportions of their sales totals in raw
materials coming from the farm showed the severest
http://fraser.stlouisfed.org/
losses in business in 1933 from the 1929 level
Federal Reserve Bank of St. Louis
l%i
M
i
1
1
j
1
fil
62 9
ef'e
BI 9
59*9
59*5
59.5
oo. o
57 6
II'7
P'?
53!
53:6
52.9
52.5
so?
501
50.3
49.5 j
49.0
22
54
47
33
44
2<v
2
i/
4
4
29
^
41
14
21
15
4
4
5
32
is
10
51
1
10
oo
20
to
?t
50
24
27
so
32
f
40
26
IG
I
48.6
48.0
46.7
43
38
1
45
42
6
il\ c^SI::::::"::::::::::"::::"::::::j
47. Florida
if.ll
45.1
l
2
l^kkota::::::::::::::::::::::::::::
41. Idaho
42. North Carolina
43. New Hampshire
44. District of Columbia
48. Vermont
49. Nevada
1
j
1
j
I
i
L__
46.2
38.0 I
27.6 I
!
II
56
o
12
l1
II8
4
5
i
9
10
When the
percentage reduction of sales by States is
correlated with farm products (raw materials) and
specified "heavy" goods percentage of the total
sales
during 1929> '=0.68 ± 0.05. This is significant
and
represents a fairly high degree of association. It
mealls that the States which m 1929
reported a large
Proportion of their business consisting of either raw
materials from the farm or ot industrial goods such as
metals
> lumber> machinery, and equipment, were the
greatest losers in wholesale trade volume during the
depression. To put the matter somewhat differently,
much of the
decrease in wholesale business is accounted for by the precipitous decline m the business
of those
establishments that deal m industrial rather
fchan
consumer goods. This decline can be more
accurately measured when the data are available by
lan
ds of business.
EMPLOYMENT ONE-FOURTH BELOW 1929
The 159,724 wholesale establishments employed
during the year 1933, 1,179,358 persons, 1,058,767
September 1934
SURVEY OF CURRENT BUSINESS
on a full-time basis and 120,591 as part-timers. These
employees were paid $1,845,539,000 in salaries, wages,
and commissions, of which $58,875,000 went to parttime employees. While part-time employees constituted 10.2 percent of the total number of employees, they received but 3.6 percent of the pay roll.
On the other hand, the full-time employees made up
89.8 percent of the total and received 96.4 percent of
the pay roll. The employment and wage figures
herein presented do not include proprietors and firm
members or their compensation and drawing accounts.
When compared with 1929 the number of employees engaged in wholesale trade registered a
decline of 26.5 percent. It is likely that when the
final figures are compiled the decline in employment
will be found to have been not more than 25 percent.
This compares with a decline in employment for wholesale trade for the year 1933 of 22.1 percent, as shown
by the index of the Department of Labor which is
published monthly in the " Survey of Current Business/ 7 It would seem, therefore, that the current
index of wholesale trade employment for the year
1933 overestimated the number employed by approximately 3 points. According to the census, salaries and
wages in wholesale trade decreased 45.3 percent from
the 1929 level. This percentage will probably be reduced when final figures are compiled to approximately 44. The monthly index of the Department of
Labor shows a reduction of 39.6 percent in wholesale
trade pay rolls in this same period.
Since pay rolls decreased much more than the
number of employees, it would appear that the average earnings of employees engaged in wholesale trade
in 1933 were about 25 percent less than in 1929. Inasmuch as the N.I.C.B. cost of living index stood at
74.8 in 1933 as against 100 in 1929, the decrease in
average earnings per employee in wholesale trade was
about equal to the decline in the cost of living.
EMPLOYMENT IMPROVED IN LATTER HALF OF 1933
Despite the unfavorable picture portrayed in the
preceding paragraphs, some definite bright spots may
be discerned in the results of the wholesale census.
These lie in the substantial gains in wholesale trade
employment during the latter half of 1933 as shown
in table 3. If the average number of full-time employees for the year be regarded as 100, December
1933 showed an improvement over the beginning of
the year of 10 points, and October registered an improvement of 11 points over the first quarter of the
year. Similarly, the peak in part-time employment
reached in November 1933 was 23 points higher than
the low recorded in March. Wlien the fourth quarter
of 1933 is compared with the first quarter, full-time
employment shows an improvement of 10.9 percent
and part-time emplo3rment an improvement of 21.7
percent.
19
Table 3.—Monthly Fluctuations in Wholesale Trade Employment for the United States
[Expressed as percentages of the year's average number of employees]
1933
Month
,\vercHre iTioiit'"1
Jamnry
Februarv
March
April
May
_-_
June
July
August
September
October
November
December
1
1929
Full time
Part time
Total full
time and
part time
Percent
100
Percent
100
Percent
100
95
95
P5
96
97
98
100
102
105
106
105
105
93
92
91
92
95
97
96
99
109
111
114
111
94
95
96
98
99
102
106
107
106
106
_. _ _
..
Full time
and part
time i
Percent
100
95
99
95
103
103
Employment data for 1929 were shown for 4 months only.
According to the 1929 Census of Distribution, the
seasonal variation in such employment for the United
States is about 8 points for full-time and part-time
employment combined. If it is assumed that 1929
was fairly typical in this respect, it would appear that
the last few months of 1933 showed more than seasonal
betterment. It is also significant that the increase in
employment which began in April continued gradually
to the end of the year.
Table 4.—Wholesale Trade of the United States—1933 Percentage Increase in Employment, By States, OctoberDecember Over January-March
States
United States averageAlabama
Arizona
Arkansas
- California
Colorado
Connecticut
Delaware
District of Columbia _ _
Florida
Georgia
Idaho
Illinois
Indiana
Kansas
Kentucky
Louisiana
TVfaryland
Michigan
Minnesota
IVIissouri
Full
time
Part
time
Percent Percent
10.8
21.7
54.2
16.5
1.0
5.1
45.3
11.7
13.9
13. 1
0.0
6.5
9 4
50 7
14.8
4. 1
33.3
10.7
-1 4
-4 0
12.4
45.1
100.0
21.0
11.8
13 1
20.4
11 3
37 4
15 7
27 8
10 5
-8 2
-50 3
13 0
36 9
14 4
8 5
9 2
18 0
9 3
10 4
13 8
35.5
25.2
11.3
19 7
15 0
11 3
8 3
States
Montana
.
Nebraska
Nevada _
New Hampshire
New Jersev
Ne\v Mexico
New York
North Carolina
North Dakota
Ohio .
Oklahoma
Oregon., .__ __ .__ _
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Full
time
Part
time
Percent Percent
13.7
51.7
23 5
9 1
10.9
22 8
13.5
3.0
8 8
13 9
13.6
116 5
7 3
6 3
32.4
]74 8
14.7
77.8
14 4
12 7
81.5
28. 1
26.9
46.8
8.9
8 5
9.2
5.7
18 1
100 0
14.0
65.4
9.9
0.9
16. 2
44.6
9 3
46 3
13.5
108.2
9.9
33.7
17.2
101.8
12.2
32.4
10.9
24 9
13.5
35.6
A comparison in full-time and part-time employment
during the fourth quarter with the first quarter of the
year (table 4) discloses the fact that with but one
exception all of the States in the wheat area and in
the cotton belt, particularly the latter, showed an
advance in employment much higher than the average
for the United States. Michigan, too, followed in the
same direction. Obviously, had it not been for the
improvement in business as reflected by increases in
employment during the latter part of 1933, the decline
in the volume of wholesale trade for 1933 as compared
with 1929 would have been even more severe.
20
SUKVEY OF CUEEENT BUSINESS
September 1934
EXPORTS BY GRAND DIVISIONS, COUNTRIES, AND COMMODITIES, 1933'
I
January | *e£i- 1 March
!
i DecemOctober NovemAugust September
ber
ber
April
May
June
July
108, 015
105, 217
114, 203
119, 790
144, 109
131, 473
160, 119
2,632
22, 682
9,614
50, 312
7,955
7,058
3,986
17, 646
14, 199
13,840
10, 617
2, 903
7,572
1, 873
1,912
375
3,431
17, 823
6, 408
52, 227
8,163
8, 908
3,101
18, 232
13, 568
13, 309
10, 384
2,852
7, 784
2, 535
2, 320
297
2,462
20, 630
8,267
56, 840
8, 077
11,391
4,558
18, 785
16, 735
16, 439
10, 361
3,274
7,175
2. 350
1,813
373
2, 727
20, 624
7,720
58, 807
8, 178
10, 178
4,322
22,230
18, 421
18, 068
10, 633
2,821
8,578
2,756
1,650
517
3,262
30, 127
15, 046
67, 995
8, 583
11, 235
4,741
24, 705
21, 296
20, 923
11,726
3, 528
9,702
3,413
2,325
456
3,740
24, 446
10, 157
62, 746
8,476
8,998
3, 595
24, 686
20, 768
20, 301
10, 885
3, 313
8,889
2, 897
2, 088
338
4,535
32. 120
15, 599
81, 874
12, 384
13, 728
7, 239
28, 474
21 4g,i
21, COO
9,462
3, 324
10, 643
3, 588
2, 650
656
4,166
35, 050
16, 825
108, 596
17, 041
17, 720
8. 537
39i 532
21 838
21, 486
11,181
3,499
12,237 1
4, 141
3, 194
458
4,670
5,899
40, 878
37, 573
18, 259
17, 056
94, 864 102, 208
14, 082
12, 129
13, 577
16, 873
5,934 I 6, 728
33,564 j 43, 878
IS, 898
23, 252
22, 833
18,513
11,791
11,648
3, 456
3, 685
12, 965
12. 248
3, 322
4,559
2, 862
3, 626
777
491
106, 293
29, 359
18.1
13, 395
3, 524
9,871
3.9
4.4
1.3
16, 504
47, 036
6.9
3.9
9.4
103, 265
28, 618
16.9
11, 309
2.510
8,799
2.9
4.1
1.1
15, 459
47, 879
7.4
6.0
8.8
111,845
34, 986
26.1
13, 044
3,024
10, 021
3.8
4.9
1.0
17, 600
46, 215
7.4
3.7
9.1
117,517
40, 257
29.3
13, 352
2,703
10, 650
2.9
5.5
1.2
18, 178
45, 729
6.9
3.9
9.3
141, 573
51, 509
36.8
15 383
3^ 078
12, 305
4.3
5.7
1.1
21, 359
53, 321
7.5
6.0
10.1
129,315
41, 968
28.2
16. 886
3,062
13, 824
5.6
5.4
1.5
20, 463
49, 998
8.1
3.4
11.1
157, 490
63.611
45.3
18, 701
3,398
15, 302
6.8
5.9
1.3
21,261
53, 916
8.3
3.9
11.7
190, 842
81, 794
54.2
23, 510
5, 042
18, 468
11.0
6.2
1.2
24, 445
61, 083
8.6
6.5
13.5
181,291
71, 289
48.8
24, 055
6, 653
17, 402
9.7
6.6
1.6
24, 195
61, 743
7.3
ie!o
189. 808 1, 647, 220
73,071
590, 566
44.3
398.2
24, 344
202, 975
7,464
48, 366
16, 880
154, 609
8.3
67.8
6.7
65. 8
3.9
18.6
28, 497
237, 041
63, 897
616, 639
9.3
90.6
4.1
57.5
15.8
132.5
8, 056
5, 528
2,528
1, 135
238,126
8,318
5, 662
2,656
1, 561
131,016
7, 538
5, 093
2, 445
1,164
197, 603
7,235
4,757
2,478
1,657
142, 109
9, 128
5, 546
3, 5&2
1.344
207, 710
10, 308
6,516
3,792
1, 689
171, 439
10, 944
6, 330
4,614
1,859
271,311
11,473
5,906
5,567
1, C60
272, 496
6,703
3,527
3, 176
1, 678
238, 329
9, 526
1C8, 027
3, 066
64,511
6,460
43, 516
1,924
16, 8S3
271, 219 2, 495, 376
60
287
23
12, 102
488
39, 475
5,039
85, 455
9, 499
73, 125
55
38
435
14
10, 630
436
28, 150
4, 564
69, 580
4, 239
63, 621
57
31
722
46
10,976
592
27, 384
5, 373
60, 349
5,987
5 2, 479
104
83
806
56
12, 575
615
30, 268
50
85, 504
7, 625
71,624
136
102
883
62
12, 592
692
28, 704
961
81, 145
6,582
70, 790
251
99
953
73
12, 955
531
18, 215
2,231
90, 433
8,628
79, 428
352
125
976
85
12, 127
869
13, 788
8, 986
123, 287
19, 834
97,479
375
85
811
10, 733
1,047
13, 095
16, 484
116,584
8,059
102, 986
763
83
1, 000
56
13, 108
915
15, 082
10, 119
117,954
11,813
102, 115
281
71
924
448
8, C69
39
568
15, 862
148, 842
820
8,356
17, 819
300, 628
14, 130
113,761
81, 359 1, 027, 726
16, 824
116,762
59, 887
867, 815
131
2,600
24, 880
34, 425
1,829
28, 123
3, 952
1, 016
371
459
1
2,105
456
351
80, 567
629
162
6, 004
17, 246
9
4
67, 735
233, 754
31,771
28, 132
3,024
16, 741
2,548
388
187
216
3
1,754
194
332
91, 045
691
168
4,541
20, 518
5
5
0
75, 085
147, 338
35, 795
24, 478
1,953
22, 925
2, 772
381
713
153
2
1,523
14
321
122, 952
598
123
5, 192
17, 676
5
5
0
89, 504
59, 621
39, 447
15, 681
2,154
4,380
3, 186
858
443
163
17
1,705
16
359
102, 550
349
88
4,876
26, 862
11
7
4
94, 972
33, 100
32, 968
23, 308
3,027
85, 375
2,969
836
581
155
6
1,391
28
290
88,311
846
175
6,464
38, 382
8
8
0
95, 235
93, 833
24, 833
16, 408
1,548
81, 473
2,831
437
438
232
3
1,721
21
362
119,374
621
167
4,917
58, 686
11
8
3
78, 192
42, 458
25, 361
27, 515
14, 854
16, 043
1,802
2,455
34, 046
58, 282
2,605
2,169
283
411
482
288
178
105
3
3
1,490
1,531
24
43
312
317
108, 799 164, 755
922
726
124
113
6,315
5,280
56, 544
52, 481
7
3
4
1
2
3
75, 965
80, 463
55, 553
36, 523
20, 373
11,602
2,771
2, 957
4,609
1,314
1,283
82
0
1,930
513
302
157, 600
1,045
102
6,703
61, 009
6
4
2
73, 065
86, 293
30, 871
335, 013
18, 975
239, 491
1,452
25, 896
10,815
366, 652
6,657
42, 394
151
7,349
408
5, 931
123
2,463
0
40
5,875
26, 611
4,152
7,683
388
3,963
184, 579 1,341,137
851
8,764
156
1,598
6,684
66, 569
56, C69
454, 962
16
83
9
57
26
87, 956
948, 274
145, 657 1,118,865
475
2, 893
160
562
3,290
248
482
2,122
192
330
3, 305
205
342
2,394
192
312
2,885
184
322
1,927
215
251
1,843
196
17, 300
7,684
58,351
47, 661
166, 281
71
269
3,325
36, 725
4, 697
21, 427
4,831
50. 639
38, 741
157, 235
71
193
2. 921
38, 713
2, 357
24, 979
7, 582
56, 154
46, 038
69, 816
57
235
3, 090
20, 251
2, 243
! 29, 532 23, 843
! 9, 015
8, 353
| 51, 112 49, 240
i 36, 200
35, 714
163,348
73, 077
!
51
80
1
2,572
7,015
3,513
4,062
30, 621
24, 503
444
| 1,744
24, 686
5,915
61, 157
48, 743
26, 987
64
3,321
4,020
42, 386
504
21, 677
5,632
61, 864
49,812
78, 296
58
2,281
4,427
66, 217
2,232
19, 038
5, 229
63, 705
47, 563
79, 288
77
464
4,800
44, 228
5,223
Total
1
Total, incl. reexports
thous. of dol._ 120, 589 101, 515
By grand divisions and countries:
3,055
2,335
Africa
thous. of dol
Asia and Oceania
thous. of dol— 25, 272 20, 166
7, 299
11, 185
Japan
thous of dol
Europe
thous. of doL_ 62, 216 51, 094
7,653
8, 989
France
thous. of doL_
8, 609
Germany
thous. of dol— 11,748
Italy
thous of clol ! 4,443
4, 057
United Kingdom
thous. of doL.I 21,311 18, 689
North America, northern thous. of dol— ! 12, 672 11,703
Canada
thous. of dol— 12, 439 11,501
8, 090
North America, southern thous. of dol— I 9,248
2, 634
2, 173
Mexico
thous. of dol._
8, 128
South America
thous. of dol i 8,126
2,712
2,781
Arg^ntino
thou". of dol
2, 682
Brazil
thous. of dol— I 2, 606
294
Chile
thous of do!
291
By economic classes:
Tot^l domestic
thous o* dol ' 118,559 99, 423
Crude materials
thous. of dol._| 42, 247 31, 848
29.7
Raw cotton
mills, of doL.I
20.6
16, 180 12, 817
Foodstuffs total
thous of dol
4,
663
3, 246
Foodstuffs, crude
thous. of dol— |
9,571
Foodstuffs, manufactured-thous. of dol— 1 11,516
4.6
3. 8
Fruits and preparations.. mills, of dol__|
4.5
5.9
JV'Ieats and fats
mills of dol i
1.2
2.0
Wheat and
flour
mills, of dol— •
Manufactures, semi
thous. of dol— 15, 835 13, 243
Manufactures, finished thous. of dol— 44, 297 41, 515
6.5
6.3
Autos and parts
mills of dol
5.1
3.8
Gasoline
mills of dol
9.2
8.5
Machinery
mills, of dol—
By individual items:
8, 657
Automobiles,
assembled, total .. .number— 10, 141
7,059
5. 521
PassoTvrer cars
number
3, 136
Trucks.
number-- 3,082
915
849
Beef an-'l vc°l
thou- of Ib
Cigarettes
thousands ' 207, 980 146,038
Coal:
80
67
Anthracite--- - --thous. of long tons _
337
311
Bituminous
thous. of long tons
21
Coke
thous. of long tons
12,567 12, 515
Copper, re lined
short tons
794
557
Cotton, exclusive of linters.- thous. of bales..
Cotton cloth
thous. of sq. yd__ 34, 322 34, 215
Cottonseed cake and meal
short tons- 21, 941 23, 873
Fertilizers, total
long tons__ 56, 173 59, 903
8,827
7, 845
Nitrogenous
long tons—
44, 138 50, 143
Phosphate materials-long tons
15
80
Prepared
lonf tons
Fir, Douglas:
25, 720
15, 379
Lumber
-M ft.b.m
17, 720
17, 865
Timbe*~
M ft b m
2,251
1,729
GasoHne
thous of bbl
14
21,521
Gold
thous of dol
4,698
3,400
Grains incl. flour and meal, .thous. of bu__
993
281
Barley incl
malt
thous of bu
155
583
Corn Inpl meal
thous. of bu
237
366
Oa^s incl oatmeal
t^ous of bu
i
0
Rye incl
flour
thous of bu
3, 313
2, 175
"Wheat incl
flour
thous of bu
1,793
729
Whert o^ly
thous of bu
324
308
Wheat flour
thous of bbl
56, 710
63, 895
Iron
and steel
.long tons
ot
872
615
K "ospne
thous of bbl
134
86
Leather sol°
thous of Ib
5,071
Leather, upper
thous. of sq. ft__ 4,510
Linseed cake and meal
thous. of lb__ 26, 687 22, 799
2
0
Locomotives, railway, total
number__
2
0
Flectric
number
0
0
Steam
number
70, 476
49, 626
Lumber, all types
M ft.b.m
M^ethinol wood distilled
gallons 112, 122 62,613
Milk:
504
526
Condensed (sweetened)
thous. of lb__
3, 129
2, 629
Evaporated (unsweetened)- thous. of lb__
179
183
Powdered
thous of Ib
Pine, southern:
Lumber
M ft.b.m_. 20, 770 18, 232
5, 254
5, 024
Timber
M f^ b rn
88, 684
65, 761
Pork iiicl lard
thous of Ib
78, 108
57, 773
Lard
thous of Ib
Rice
pockets (100 lb.)_ 154, 289 181, 146
41
35
Shoes, leather
thous. of pairs
209
1, 551
Silver
thous of dol
2,470
2,
768
Sugar, refined, incl. maple
long tons__
Tobacco, leaf
thous. of lb__ 28, 403 25, 788
7, 406
6,627
Vegetable oil^ total
thous of Ib
333 !
3,147 i
225
21, 188
4,560
52, 094
37, 941
71, 573
63
343
3, 625
18, 523
1,234
193, 069
184, 257
192, 638 1, 674, 994
286
2,800
162
42, 916
327, 393
143, 435
849, 778
121,711
140, 024
61,240
311,732
214, 833
210, 651
126, 026
37, 521
114,048
36, 927
29, 728
5,321
4,725
32, 365
2,341
263, 828
21, 156
7,431
76, 510
67, 453
726, 274
54, 838
579, 132
96, 097 1,317,443
78
746
19, 041
590
5, 965
45, 086
62, 568
438, 936
2,578
37, 289
i Compiled by the Bureau of Foreign and Domestic Commerce, United States Department of Commerce, and represent the final corrected totals for the year. Although
not all of the statistics have been revised, a complete tabulation of the year's figures is presented herewith for convenience. The import revisions will be presented in a
subsequent issue.
21
SURVEY OF CURRENT BUSINESS
September 1934
WEEKLY BUSINESS INDICATORS
[Weekly average, 1923-25=100]
ITEM
1934
1931
1933
1932
Aug. Aug. Aug. Aug. Aug. Aug. Aug. Aug. Aug. Aug.
22
12
29
18
11
26
19
27
20
25
Business activity:
New York Times 1 * #.
Business Week^f *
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784) _ _ _
Farm products (67) _ _ _
Food (122)
All others (595)
Fishers' index, 1926=100:
Combined index (120). _ _
Copper, electrolytic %
Cotton, middling, spot
78.5 79.1 84.9 89.3 89.2 65.6 65.4 81.8 82.3
58.1 59.2 64.6 64.3 65.2 53.8 53.2 71.0 71.4
76.1
68.9
74.1
78.4
75.4
67. 3
72.2
78.4
69.6
58. 2
65.0
74.4
69.3
57.5
64. 4
74.2
78.5 77.8 77.8 70.4
63.8 63.8 63.8 63.8
49.6 48.9 50.7 35.3
72 7
28.0
Construction contracts %
19.7
62.6 62." 8 65.9
Distribution: Car loadings. _
Employment: Detroit, fac79.5
tory
Finance:
Failures, commercial
53.6 48.4 51.4 80.1
Security prices:
104.1 103. 4 103.8 98.0
Bond prices %
Stock prices \
83.6 81.2 79.6 92.5
70.3
63. 8
34.2
72 5
26.9
66. 2
76.9
71.8
75.5
78.4
63. 3
69.4
58.5
64.9
74 1
65.2
49.5
61.6
70 2
65.4
49.9
61.8
70 2
70.3 61.9 61.8 68.9 69.4
63.8
37.7 52. 9 52.9
34.2 32! o 27.6 26.5 24.6
72.5 70.6 70.7 75.0 75.0
_
37.5 31.6 64.1
"65." 7 56. 1 54.1 79.6 ~78.~1
29.2
50.0
78. 7 85.7 144.7 159.2 107.1 109.1
98.2 98.4 92.1 89.9 103.6 103.9
88.5 88.6 67.7 61.0 126. 5 128.0
1934
1932
1933
1931
Aug. Aug. Aug. Aug. Aug. Aug. Aug. Aug. Aug. Aug.
25 18 11 26 19 12 27 20 29 22
ITEM
Finance— Continued.
Banking:
Debits, outside N.Y.C.t
Federal Reserve reporting member banks :§
Deposits:
Net demand _
Time - ..
Loans, total
Interest rates:
Call loans |
Time loans 1
Money in circulation %. .
Production:
Automobiles
Bituminous coal J
Electric power f
Lumber
Petroleum t
Steel ingots f
_ ___
Receipts, primary markets:
Cattle and calves
HOP'S
Cotton
.. _
Wheat
64.7 67. 3 63.3 59.1 63.8 55.0 53.2 59.2
„
82.4
127.9 128.0 127. 0 101. 8 101.8 103.1 89.9 89.6 109.2 109.3
126.3 126.0 125. 6 124. 5 124. 9 125. 0 124.3 124.2 154. 8 155.7
70.0 70.1 70.1 78.2 78.9 78.3 86.6 87.3 114.7 114.7
24.2 24.2 24.2 24.2 24.2 24.2 48.5 48.5 36.4 36.4
22 9 22.9 22.9 22.9 26.3 28.6 34.3 34.3 40.0 37.3
110.4 110.3 110.2 115.5 115.8 115.8 117.5 117.9 103.2 102.3
68.6 70.6 75.4 65.6 70.7 70.6 26.1 25.6 62.6 65. 5
59.5 oo. 5 75.9 74.3 72.2 52.1 48.4 73.3 69.6
"98." 9 100. 5 99. 6 97.8 99.0 97.7 86.2 86.0 98.3 98.6
37 4 40. 4 43.6 42,0 41.7 24.2 23.2 42.0 40. 0
118. 3 120. 9 120. 3 132. 3 132. 8 133. 9 101. 5 101.3 84.1 125.2
28.3 30. 3 34. 2 64.5 68.4 72.4 17.1 18.4 40.8 42.1
* Computed normal = 100. ^ Latest week is preliminary, f "Weekly average, 1928-30=100. t Daily average.
1933, for explanation. § 1933-34 indexes are based on reports from 91 cities; earlier data cover 101 c.ties.
82.4
62.6
73.1
85.7
204. 5 229.7
43.5 55. 5
38. 5 25. 4 33. 5
56.9 61. 5 65. 1
# Index revised,
81.4
63.0
51.2
68.5
73.1 76.3 72.0 99.9
61.2 50.9 50.3 60.9
46.2 56.9 49.6 50.4
62.3 115. 1 111.0 144. 5
92.2
rn
5o.
3
31. 5
149. 1
0
See weekly supplement of June 1,
WEEKLY BUSINESS STATISTICS
ITEM
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb_Cotton, Middling, spot, New York
dol. per lb._
Food index (Bradstreet's)
.
dol. per lb._
p(i
Iron and st l composite
dol. per ton
Wheat, No. 2 Hard Winter (K.C.)
dol. per bu—
Banking:
FINANCE
Debits, New York City
mills, of dol_.
Debits, outside New York City
mills, of dol._
Federal Reserve banks:
Reserve bank credit, total
mills, of dol._
Bills bought
mills, of dol. _
Bills discounted
mills, of dol__
U.S. Government securities
mills, of dol_.
Federal Reserve reporting member banks :§
Deposits, net demand
mills, of doi__
Deposits time
- - - mills, of dol
Investments total
mills of dol
U.S. Government securities
mills, of doL.
Loans total
.-_ mills, of do1
On securities
in 11 Is. of dol
Allother
mills, of dol..
Interest rates call loans
nercent
Interest rates time loans
Dercent
Exchange rates:
French franc (dailv av.)
cents
Pound sterling1 (daily av.)
dollars..
Failures commercial
number
Gold and money:
Gold price (daily av.)
dol. per ounce..
Money in circulation
mills, of dol._
Security markets:
Bond sales (N.Y.S.E.)
thous. of dol. par value..
Bond prices, 40 corporate issues
dollars..
Stock sales (N.Y.8.E.)
thous . of shares . _
Stock prices (N. Y. Times)
dol. per share. _
Stock Drices (421) (Standard Statistics)
1926 = 100..
Indiistrial (351)
1926 = 100..
Public utilities (37) _ . _
1926 = 100.
Railroad (33)
- — 1926=100
PRODUCTION, CONSTRUCTION, AND
Production:
DISTRIBUTION
Automobiles (Cram's estimate).
- _. ..number _
Bituminous Tcoal (daily av,)
thous. of short tons._
Eleotric pow er
mills, of kw -hr
Petroleum
thous of bbl
Steel ingots (Dow-Jones estimate) ..pet. of capacity..
Construction-contract awards (da. av.)_.thous. of dol..
Distribution:
Freight-car loadings, total
cars..
Coal and coke
cars
Forest products
cars
Grain and products
..
.
cars
Livestock
__
... _ _ _ _ _ _ cars
Merchandise, l.c.l
cars
Ore
^a^'s
Miscellaneous
cars
Receipts:
Cattle and calves
_. .-.thousands
Hogthousands
Cotton into sight
thous. of bales..
Wheat at primary markets
thous. of bu._
Wool at Boston, total. __
thous. of l b _ .
1934
Aug. 25 , Aug. 18
Aug. 11
Aug. 26
1933
Aug. 19
Aug. 12
0. 038
.093
1.91
30. 02
.84
0.088
.093
1.95
30.02
.94
0.052
.087
1.75
29.24
.47
0. 052
.075
1.75
29. 26
.47
0. 073
.072
2.14
31. 04
.42
0.073
.067
2.19
31.04
.44
0.107
.114
2.78
32. 88
.83
1932
Aug. 27 Aug. 20
1931
Aug. 29 Aug. 22
1930
Aug. 30
0. 088
. 135
2. 34
0. 088
. 133
2. 28
0. 088
. 138
2.23
1.07
1.06
1.09
0.088
.096
1.93
30. 10
.86
2,854
2, 997
3, 035
3, 117
2, 493
2. 935
2, 753
2,740
3, 434
2, 957
2, 425
2,548
2,637
2,468
2, 971
2,746
3, 495
3,497
4,273
3, 820
4,900
4,275
2, 457
5
20
2,432
2, 468
5
20
2,431
2,458
5
21
2,432
2,258
2,240
150
2,094
166
2, 059
2,220
8
156
2,048
2,321
35
427
1, 851
2,344
36
443
1,851
1,199
181
242
728
1,141
155
231
728
984
163
193
602
12,818
4,513
9,911
6,651
7,814
3,271
4,543
1.00
1.00
12, 827
4, 505
9,907
6,660
7,825
3, 294
4,531
1.00
1.00
12, 721
4, 491
9, 850
6. 636
7,827
3,304
4, 523
1.00
1.00
10, 378
4, 516
8, 100
5. 155
8, 505
3, 737
4, 738
1.00
1. 00
10, 363
4,534
8, 125
5, 186
8 583
3', 795
4,788
1.00
1.15
10, 495
4, 537
7, 986
5.037
8, 538
3,768
4,770
1.00
1.25
10, 148
4,580
7,072
4,216
9, 355
4.010
5, 345
2. 00
1.50
10, 102
4,578
7, 005
4,222
9,427
4, 042
5, 385
2.00
1.50
1.50
1.75
1.50
1.63
2.00
3.25
6.684
5.08
2.18
8. 674
5.09
197
G. 641
5. 07
209
5. 460
4.56
326
5 285
4. 46
312
5. 311
4.49
349
3. 920
3.46
589
3. 921
3.48
648
3.921
4.86
436
3.920
4.86
444
3.934
4.87
471
35. CO
5,361
35. 00
5, 357
35. 00
5, 349
28. 80
5, 607
27.88
5, 622
28.01
5,623
20.67
5,706
20.67
5,725
20.67
5,013
20.67
4,968
20.67
4, 486
7?, 180
93.25
4,081
81.17
69.9
79.1
65.7
37.0
64, 740
92. 56
3,169
78. 83
67.5
76.6
64.1
34.5
99, 160
92.94
4,583
77.27
65.9
74.4
63. 8
34.1
47, 880
87.79
11, 165
89.79
78. 1
80.7
84.9
50,3
47, 300
87.95
8, 495
85. 98
72.1
75. 6
84.4
46.7
52, 600
88. 08
8, 728
86.05
75.8
79.2
89. 7
49.8
86, 792
82.51
20, 951
65.76
57.7
55.1
91.3
34.7
65, 553
80. 48
12, 998
59.22
52.3
50.4
83.5
27.8
51. 108
92. 81
4,764
122. 87
93. 9
87.2
153. 3
62.0
46, 582
93. 07
6, 927
124. 31
95.8
89.0
155.1
64.4
43, 543
97. 01
8,843
200. 23
149.5
140. 4
216.0
122.8
52, 351
53, 854
962
1,674
2,519
23
4,495
57, 539
963
1, 659
2, 506
26
50, 047
1,292
1,630
2,758
49
3, 170
53, 920
1,266
1,650
2,767
52
4, 326
53, 867
1,229
1,627
2,790
55
19, 896
887
1,436
2,114
13
6,016
19, 568
825
1, 432
2, 111
14
5, 081
47, 787
1, 249
1,638
1,752
31
10, 296
49, 953
1, 186
1, 643
2,608
32
66, 145
1,509
1,688
2,461
58
13, 668
600, 564
95, 796
22, 547
39, 571
31, 482
159, 848
28, 668
222, 652
602, 530
95, 164
23, 242
41 159
32, 097
158, 000
29, 256
223, 612
631,998
135, 992
26, 644
28 677
18, 725
168, 507
37, 366
216, 087
643, 406
135, 921
27, 349
23, 727
17, 353
169, 364
39, 511
225, 176
629, 743
130, 740
28, 218
31.714
15, 403
170, 179
34, 927
218,. 562
537, 767
97, 568
16, 608
37, 971
19,188
171,076
7,210
188, 146
518,440
88, 224
15,662
38, 146
17, 623
169, 636
7, 231
181,918
763, 551
139, 356
28, 026
40, 220
24, 317
214, 591
34, 927
282, 114
748, 600
123, 262
27, 235
44, 740
23, 041
214, 010
35, 724
280, 588
984, 510
177, 362
42, 824
59, 658
24, 554
239, 522
55, 748
385, 042
630
281
66
4,896
3,186
358
87
5, 175
5, 118
254
403
190
6,815
2.663
251
406
133
5,452
7,543
225
395
120
4, 957
19, 228
235
328
148
9, 160
4,290
222
324
129
8,830
16, 796
308
393
131
11,498
7,934
284
363
82
11, 860
3,409
294
375
307
13, 494
13, 651
1,648
2,465
20
100
4, 529
472
§ Statistics covered 91 cities since Jan. 10, 1934, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reporting,
Comparable figures not available prior to 1932.
22
SURVEY OF CURRENT BUSINESS
September 1934
Monthly Business Statistics
The following summary shows the trend of industrial, commercial, and financial statistics for the past 13
months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Later data will
be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1933
1934
July
July
August SeptemOctober
ber
1934
Decem- January FebruN(
berm"
ary
ber
March
April
May
June
BUSINESS INDEXES
BUSINESS ACTIVITY ( Annalist) t
76.4
89.3
72.3
68.4
72.4
83.5
G9. 5
73.1
76.7
Combined index 1
normal = 100..
78.9
«80. 0
«80.2
« 77.0
59.6
50.0
28.6
70.9
67.0
63.9
40.1
57.2
Automobile production f
normal =100..
77.9
78.5
71.1
71.2
70. 1
a
101.2
133. 0
95.4
116.0
98.7
93.0
104.2
118. 7 « 130. 2 « 130. 2
Boot and shoe production
normal = 100 . 114.9
115.9
105. 3
66.2
59.0
59.4
61.9
60.6
62.3
62.2
65.2
Carloadings, freight
normal = 100..
67.4
69.0
64.7
63. 9
64.9
56.2
49.5
34.4
31.5
33.9
46.2
51.4
Cement production
normal=100__
47.5
34.8
54.4
55.8
52.6
52.6
90.4
77.6
138.3
97.6
121.3
83.8
89.9
68.5
89.2
Cotton consumption
normal = 100
88.8
90.8
92.0
68.5
89.3
94.6
88.4
96.9
94.6
02.7
90.0
Electric power production
normal = 100_.
89.5
93.1
93.7
«C6. 1
"95.3
"95.5
52.6
48.3
72.5
56.7
Lumber production
normal = 100_ .
71.1
60.6
54.5
53.3
51.9
49.5
51.9
47.6
40. V
64.4
45.0
37.2
54.7
42.1
64.9
50.9
Pig-iron production
normal=100_.
42.7
54.5
45.8
63.1
64.6
58.2
49.6
59.2
85.2
52.0
71.3
51.5
60.6
69.6
71.6
Silk consumption.
normal = 100. .
66.6
71.8
61.7
54.2
40.8
62.1
41.3
91.7
74.9
48.1
Steel in^ot production 1 __ -normal = 100
53.7
59.3
69.8
54.9
77.7
77.4
102. 4
144.0
120.3
105.2
92.3
77.4
78.9
Wool consumption
normal = 100_.
73.9
72.6
66.8
75.8
63.0
66.4
70.1
70.9
71.7
65.7
62.1
62.1
Zinc production
normal = 100__
60.5
59.6
61.5
59. 1
52. 2
INDUSTRIAL PRODUCTION (F.R.B.)
P. 75
78
72
"86
88
90
85
89
Total unadjusted
1923-25 = 100
«95
69
77
83
84
P. 73
84
76
97
89
70
89
89
-85
Manufactures, 0unadjusted
1923-25= 100..
67
75
82
«83
82
40
96
°72
66
19
109
98
46
Automobiles
1923-25=100 .
76
93
42
46
38
65
40
68
53
68
Cement
1923-25=100
28
30
37
72
loo
82
88
99
"96
96
97
102
87
89
Food products
1923-25 =100
90
95
a
a^
a 132
91
a 50
115
90
108
142
Glass, plate
1923-25=100 .
88
•108
"80
106
79
59
75
79
65
«84
«43
53
91
"66
Iron a^ d «?teel°
1923-25=100
"53
85
102
110
°
106
113
"107
"88
81
•114
Leather and shoes §
1923-25 = 100
95
•109
34
29
39
35
49
37
35
29
Lumber
_ _ 1923-25 =100
30
28
32
P102
p 102
»102
P 104
P102
*105
P98
"103
Paper and printing
1923-25=100..
*102
152
143
152
153
153
157
146
142
Petroleum refining
_ _ _ _ 1923-25= 100. _
154
138
144
154
102
"115
79
73
140
98
Rubber tires and tubes
1923-25=100..
75
90
« 117
102
110
"108
46
20
63
50
22
28
36
21
32
Shipbuilding
1923-25 = 100. .
28
18
47
94
P99
p
93
P89
121
P93
P97
Textiles
1923-25=100
99
139
113
118
130
131
116
128
97
131
120
144
Tobacco manufactures
1923-25 = 100. .
126
91
87
88
81
94
93
84
85
Minerals unadjusted
.. 1923-25=100
89
88
SO
P52
89
76
76
Anthracite
1923-25=100..
61
71
55
89
95
p 60
67
62
84
67
74
72
60
60
Bituminous coal
1923-25 — 100
69
69
74
78
69
105
60
117
108
19
Iron ore shipments
1923-25 = 100..
131
106
81
51
58
65
54
74
55
Lead
1923-25-100
34
57
35
66
66
68
65
0
v 131
121
128
122
Petroleum crude
19 3-2">— 100
129
135
1S6
pllO
P 125
« 132
115
115
52
43
46
37
33
44
Silver
1923-25=100
36
32
37
39
29
28
72
53
66
55
75
72
71
67
71
73
Zinc
--- 1923-25 = 100
66
68
70
a
v 76
« 84
86
72
84
Total, adjusted
1923-25 = 100..
-83
99
75
78
91
•P 74
P82
86
80
85
Manufactures, 0adjusted
1923-25 = 100. _
76
83
83
"70
76
73
101
91
0
77
78
78
71
85
82
Automobiles
1923-25=100..
45
"56
55
30
69
45
58
57
61
55
58
Cement
1923-25 = 100..
50
37
39
49
56
35
36
102"
84
98
91
93
85
92
Food products
1923-25 = 100
96
100
95
105
86
5
0
92
106
83
77
98
"70
99
98
M44
« 130
GHs*' plat* 0
1923-25— '00
107
° 106
84
"76
"CO
•66
Iron and steel
1923-25 = 100..
80
« 65
47
56
-63
\
°99
«60
106
115
92
93
92
Leather and shoes §
1923-25 = 100,.
102
94
107
•116
97
i
116
38
33
33
31
30
34
29
33
Lumber
1923-25 = 100..
46
46
36
32
99
plOO
p 100
Paper and printing
1923-25 = 100..
P 100
"99
v 97
P
143
153
154
144
Petroleum refining
1923-25 = 1 00. .'""*'&
152
145
142
152
155
137
153
"l57
a 84
81
« 106
Rubber tiros and tubes
1923-25 = 100. _
90
143
111
103
97
97
«97
°100
10S
41
39
41
59
Shipbuilding
1923-25 = 100..
39
30
65
19
15
20
26
p 77
f 94
Textiles
1923-25 = 100..
*<114
P91
*S9
pQO
"89
130
87
"99
128
12S
119
132
132
T obacco manufactures
1 923-25 = 100_ .
95
128
123
115
108
123
138
117
100
89
« 87
91
90
Minerals adjusted
1923-25-100
90
81
91
87
81
85
88
p
63
109
76
Anthracite
1923-25=100
55
82
89
73
74
73
67
61
68
72
P65
84
67
Bituminous coal - ... - 1923-25 — 100
72
65
74
76
61
67
75
65
66
52
40
Iron ore shipments
1923-25 = 100. .
23
40
63
57
68
53
57
66
56
71
64
Lead
1923-25 = 100
64
64
56
36
36
57
67
p 129
122
127
130
Petroleum crude
1923-25—^00
132
134
120
116
120
118
125
125
119
44
45
47
Silver
1923-25=100 .
34
33
33
36
39
29
37
45
28
57"
65
57
Zinc
1923-25 = 100
68
67
66
66
64
71
77
72
77
INDUSTRIAL CONSUMPTION OF
ELECTRICAL ENERGY
Consumption by geographic sections:
110.2
104.0
107.2
Total, United States...
..1923-25 = 100..
112.9
102. 0
106.2
101.8
112.0
107.7
97.7
0)
96.0
111.0
108.0
Middle Atlantic
1923-25 = 100..
103. 9
119.3
116.4
104. 3
112.0
112.0
117.8
108. 1
0)
114.4
113.7
101.8
104.2
New England
1923-25— 1 00
110.2
108. 7
98. 0
105. 0
104.0
0)
110. 1
110.4
101. 1
108.1
95. 3
97.8
107. 5
North Central
1923-25 = 100
104.1
94.1
103. 8
109. 3
107.8
96.7
109.8
91.3
95.5
101. 5
111.0
0)
106.0
120.0
117.3
Southern
1923-25-100
125. 7
113.3
120.4
117. 0
121.3
112.0
103.9
107.5
114.8
0)
118.4
115.0
116.5
Western
1923-25=100
118.3
113.3
116.9
118.2
126.3
121.4
111.7
112.8
115.3
0)
Consumption by industries:
107.2
104.0
110.2
Total, all industries
1923-25 — 100
112.9
102. 0
106.2
107. 7
101.8
112.0
96.0
97.7
111.0
Automobiles, including parts and acces91.4
90.2
85.7
52,1
49.3
sories
1923-25 = 100..
66.6
61.4
95.5
101.
0
63.7
61.8
78.9
0)
Chemicals and allied products
:
161.0
149.7
152. 0
161. 3
162. 8
158. 0
1923-25 = 100.
160.0
162. 1
160. 5
152.5
159.6
147.5
107.2
126. 8
Food product s
1923-25 = 100. . 0)
120. 3
117.5
124.5
i 149. S
125.0
106.0
133.3
137.0
107.3
116.0
93.2
96.0
99.0
Leather and nroducts
. 1923-25=100
92.4
89.3
124.3
91.2
85.5
89.7
104. 0
101. 2
0) ! 102.7
Lumber and products
1923-25 = 100..
102.3
112.0
106. 5
ICO. 0
100. 6
104.6
100.3
97.8
102.9
107.7
99. 7
0) ' 102. 0
t Revised series. For earlier data see p. 19 of the October 1933 issue. Business activity, Annalist. For 1933 revisions of the combined index and automobile and steel
ingot production indexes see p. 22 of the August 1934 issue.
1
° Revised.
p Preliminary.
Discontinued by Electrical World.
§ Series revised. For earlier data see p 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances by
a slight
amount.
0
Index of automobile and iron and steel revised for 1933. Automobiles, March unadjusted 33, April unadjusted 56, adjusted 43, May unadjusted 63, adjusted 50, and
June unadjusted 74, adjusted 65; iron and steel, January unadjusted 29, adjusted 30, February unadjusted 33, March unadjusted 25, adjusted 22, April unadjusted 39, and
http://fraser.stlouisfed.org/
June unadjusted 71, adjusted 71.
Federal Reserve Bank of St. Louis
£
......^
«.
•1
S
SUEVEY OF CUERENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
23
1933
July
1934
Decem- January FebruAugust SeptemOctober November
ber
ber
ary
March
April
May
June
BUSINESS INDEXES—Continued
INDUSTRIAL CONSUMPTION OF
ELECTRICAL ENERGY— Continued
Consumption by industries— Continued.
Metals group
.1923-25=100
Electrical apparatus
1923-25=100
Metal- working plants
1923-25=100..
Rolling mills and steel plants
1923-25=100Paper and pulp
1923-25=100Rubber 1and products
1923-25=100 _
Shipbui ding
1923-25 = 100
Store clay and glass
1923-25=100
Textiles
1923-25=100-
(i)
0)
0)
85.3
114.0
79.6
80.7
108.4
76.4
83 8
115 2
80.6
80 7
111 7
79.0
71 0
107 0
78.0
75 7
99 4
77.5
76 2
97 1
78.7
89 3
108 2
88.6
°0 5
108 1
85.0
96 0
127 7
90.1
102 1
137 1
92.3
9S 6
133 0
89.7
0)
0)
0)
95.0
130.2
157.0
75.7
113.5
121.3
88.3
130.0
143.5
80.0
105.1
110.3
89.3
139.5
131.0
83 5
100 4
109.2
83.5
134.2
113 8
83 5
85 8
107.4
75.6
127.4
115 6
86 7
91 5
108.5
77.0
120.0
108 2
89 3
72 2
94.6
77.8
119.8
128 6
91 0
74 3
99.5
88.9
130.3
140 2
107 6
88 7
119.2
87.1
122.5
138 2
85 7
86 4
106 4
92.3
126.8
143 0
80 2
105 3
109 6
95.9
125.7
143 0
81 3
107 3
100 0
93.0
122.0
136 2
87 1
100 1
92 2
92
107
124
100
77
444
77
35
87
119
75
91
95
130
73
84
534
87
62
73
131
51
85
100
126
92
76
344
69
69
72
76
49
118
111
109
124
66
167
126
194
92
79
89
126
87
102
87
70
115
166
288
106
77
108
105
92
96
82
120
84
119
209
77
56
71
81
85
98
75
113
42
76
112
66
45
65
74
88
94
92
78
28
60
61
71
42
93
60
72
84
68
81
36
47
38
57
43
78
100
67
111
24
55
50
71
37
104
67
80
66
84
Q4
72
119
22
47
42
70
29
°0
77
97
123
83
1°0
91
56
42
108
37
102
127
77
100
253
54
28
60
57
129
55.0
71.5
86.5
« 57. 0
"77. 5
100.0
"49.
0
0
50 0
44.5
« 56. 5
« 49 5
45 0
a
66.5
48 5
45 0
a
60. 5
52 5
«48 0
«48. 5
46 5
45 0
«50. 5
52 0
45.5
54 5
56 0
55.5
«54.0
"55.5
«54.5
°52. 5
a
57. 5
°48.0
«51.0
65.0
50.0
60.0
"50.5
«64.5
50.5
66.5
45.5
«67. 0
43.5
"68.5
46.0
«66.5
36.0
50.5
«49. 5
« 48. 5
« 46. 0
a
51. 5
°57. 0
140
104
109
121
100
101
82
167
74
77
153
123
167
85
216
92
175
142
108
112
126
109
99
81
154
82
80
167
123
167
88
213
103
174
153
109
120
119
110
100
82
153
73
86
163
151
1*5
104
216
112
215
167
109
117
105
113
99
82
149
73
96
152
177
209
116
2?4
122
270
171
110
111
102
117
96
84
153
266
338
245
357
216
308
159
183
232
262
323
253
341
2?1
294
151
161
233
256
321
242
346
233
9
74
148
145
233
248
337
(i)
0)1
C)
MAKKETINGS
Agricultural products *(quantity).I923-25= 100—
Animal products
1923-25 = 1 00 —
Dairy products
1923-25=100
Livestock
.1923-25=100 .
Poultry and eggs
1923-25=100
\Vool
1923-25=100Crops
1923-25=100Cotton
- 1923-25=100Fruits
1923-25=100Grains
1923-25=100Ve'^etables
.
1923-25 = 100—
Agricultural products, cash income received
from marketings of: *
Crops and livestock:
Unadiusted
1924-29=100—
\di ' isted
1924-29 = 100
Crop-=! adjusted
1924-29=100—
Livestock and Products, adjusted
1924-29=100Dairv products, adjusted
1924-25=100Meat animals, adjusted __ 1824-29= 100Poultry and eggs, adjusted
1924-29 = 100-
48 0
57 o
60 0
a
«53.5
"53.5
a
60.5
°45. 5
61.5
"47.5
65.0
°45. 5
« 46. 0
«49.0
«53.0
121
218
124
294
170
110
121
102
117
94
82
159
71
09
152
192
213
120
213
124
295
162
111
126
103
117
96
83
167
68
107
151
167
199
111
201
129
273
P253
P349
216
340
236
334
144
125
202
P248
P367
220
339
215
291
140
114
205
77 3
77.4
71 7
87 5
62 8
91.5
74
93
48 5
50 0
58 0
59 5
a 65 5
56.0
«54.0
63.5
"47.0
65.0
°51.5
63.5
"48.0
°59.0
"50.5
« 52. 0
a
155
111
129
92
117
99
80
169
84
117
157
166
187
102
192
115
252
148
142
109
123
81
116
104
81
159
85
111
160
1G7
166
90
182
98
213
P250
» 343
214
348
f 255
303
135
108
214
p242
*360
193
347
p *>S1
296
134
104
198
v 245
77 5
77.3
72.0
87 1
62.7
91.9
78 3
77.5
74 1
87 1
62 8
92.1
78 5
77.7
74 3
87 1
63. 1
92.2
a
45 0
58 5
0
a 64 0
52 5
a
a
77 0
51.0
STOCKS
141
Domestic ^toc1-^
1923-25=100 .
113
Manufactured goods
1923-25=100—
116
Chemicals and allied prod ... 1923-25=100109
Food products
1923-25 = 100 .
116
Forest products
1923-25=100
96
Iron and" *teel products . 1923-25=100
79
Leather
1923-25 = 100
141
Metals
rionferrous
1923-25=100
115
Papcr newsprint
1923-25=100
103
Rubber product^
1923-25 = 100
161
Stone, clay, and glass
1923-25=100163
Textiles
1923-25=100160
Riw materials
1923-25=100
85
Chemicals and allied prod. -.1923-25 =100..
198
Foodstuffs
1923-25 = 100
108
Metals
1923-25 = 100_.
174
Textile materials
1923-25=100..
World stocks— foodstuffs and raw materials:
_
Total
1923-25 = 100..
Coffee— adj. for seasonal
1923-25 = 100—
Cotton —adj. for seasonal
1923-25 = 100— """221"
Rubber— adj. for seasonal
1923-25=100..
Silk
—
r-di
f°-r
seasonal
1923-25=100
Sv^rcir a"dj for seasonal
1923-25 — 100
Tea— -adj. for seasonal
1923-25 = 100—
TH — unadjusted
1923-25 = 100
78
Wheat— adj. for seasonal
1923-25=100-
340
228
278
148
134
219
105
153
185
108
126
81
116
99
80
162
71
116
160
167
176
95
188
108
231
^367
209
347
P263
297
144
98
192
f 254
M23
211
347
P 266
332
152
85
197
136
108
117
84
116
105
80
150
78
113
159
163
157
88
171
93
132
« 109
-112
95
115
95
79
143
92
102
159
164
149
88
162
97
198
183
P260
^258
407
225
347
p 260
328
147
83
392
218
^366
f 287
304
142
83
202
215
78 6
77.8
74 1
85 7
64 2
92.4
78 8
77.3
74 5
85 8
64 6
92.5
COMMODITY PRICES
COST OF LIVING (N.I.C.B.)
TotF<l all grouns
Clothing—
Food
Fuel and light
Housm*
Sundries
-
-
1923 = 100
1923 = 1001923 = 100
1923=100
- - 1923 = 100
1923 = 100
79. 1
77.0
75.2
86. 4
64.7
92.5
75.2
63.9
71.7
82 6
63.2
90.3
76 9
70. 0
73.0
84 3
63.2
91.8
77 9
75.6
73.2
85 9
63 6
92.3
78 0
77. 7
73 4
87 0
63 2
91.4
77 8
77.8
73 0
87 4
62 8
91.5
78 4
77.9
73 5
86 5
63 7
92.4
FARM PRICES (Dept. of Agri.)§
72
74
80
76
70
Total all Croups
1909-14=100
71
68
70
76
70
76
77
Cotton and cottonseed
1909-14=100
84
94
94
90
99
71
76
82
69
77
94
93
71
Dairy products *
1909-14=100
72
76
76
77
71
78
76
79
76
78
73
77
76
92
Fruits and vegetable^
1909-14—100
103
103
120
101
83
105
86
81
108
105
101
108
94
92
74
Grains
1909-14= 100 ..
81
78
73
75
77
78
6S
78
78
89
52
66
63
62
63
66
59
64
65
G4
Meat animals
1503-14=100..
63
63
82
70
67
67
77
94
105
72
Poultry products *
- 1909-14 = 100
95
09
73
69
54
56
62
GO
62
Unclassified
1909-14= 100. _
61
51
53
56
63
58
59
57
a
l
Revised.
Discontinued by Electrical World
* New series. See p. 18 of the March 1933 issue (marketings-quantities), p. 20 of May 1933 issue (prices), and pp. 16-19 of the May 1934 issue (cash income for marketings
of agricultural products).
§ Data for Aug. 15: Total 87, cotton and cottonseed 107, dairy products 80, ts fruits and vegetables 100, grains 107, meat animals 63, poultry products 84, unclassified 76.
f Preliminary.
SUKVEY OF CUKRENT BUSINESS
24
1933
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
July
September 1934
July
1934
Decem- January FebruOctober NovemAugust September
ber
ber
ary
March
April
May
June
COMMODITY PRICES—Continued
RETAIL PRICES
Department of Labor indexes:
Coal
1913=100Food#—
1913=100Fairchild's index:*
Combined index
Dec. 1930=100Apparel:
Infants' wear.
—Dec. 1930=100Men's
Dec. 1930=100Women's
Dec. 1930=100Home furnishings — - -Dec. 1930=100—
Piece goods
Dec. 1930=100WIIOLESALE PRICES
Department of Labor index:
Combined index (784)
1928=100—
Economic classes:
Finished products — 1926=100—
Raw materials
1926=100—
Semimanufactures
1926 =100. .
Farm products
1926=100—
Grains
- - -1926=100 Livestock and poultry
1926=100—
Foods
.1926=100—
Dairy products - _- .-1926=100 Fruits and vegetables
1926=100.
Meats
1926=100
Other products
1926=100—
Building materials,-1926=100.,
Brick and tile
1926=100
Cement
1925=100 Lumber
1928=100Chemicals and drugs..
1926=100—
Chemicals . —
1926=100
Drugs and pharmaceuticals.l926=lGO._
Fertilizer materials
1926=100Fuel and lighting
1926=100—
Electricity
1926=100Qas
1926=100Petroleum 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
1928= 100 ..
Plumbing and heating equipment
1026=100Textile products
1926=100—
Clothing
._
1926=100
Cotton goods..1926=100..
Knit goods
.
1926=100
Silk and rayon..
1926=100..
Woolens and worsted
1926=100—
Miscellaneous
1926=100..
Auto tires and tubes
1926=100—
Paper and pulp
1926-100
Other wholesale price indexes:
Bradstreet's (96)..
1926=100
Dun's (300)
,
1926 = 100..
World prices, foodstuffs and raw materials:*
Combined index
1923-25 =100..
Coflee
1923-25=100Copper
1923-25=100
Cotton
1923-25 = 100—
Rubber
1923-25 = 100Silk
1923-25*100—
Sugar
_—
1923-25=100
Tea
1923-25 = 100..
Tin
1923-25 = 100Wheat
,
1923-25=100-.
Wholesale prices, actual. (See under respective commodities.)
PURCHASING POWER OF THE
DOLLAR *
Wholesale prices
._ 1923-25 = 100—
Retail food prices-.
1923-25=100..
Farm prices
-1923-25=100.,
Cost of living
1923-25=100..
,«
159
110
155
105
160
107
166
107
167
107
168
107
167
104
167
105
108
168
109
164
107
156
87.9
76.1
82.5
86.0
87.1
88.0
88.0
88.5
89.5
89.6
89.4
88.6
8872
93.9
88.3
90.4
88.2
84.8
80.7
75.1
78.2
77.8
74.8
85.4
80.4
85.7
81.7
80.2
91.2
82.9
89.3
83.7
81.8
91.3
85.6
90.5
85.0
82.8
90.5
86.2
90.5
85.9
84.8
90.4
86.2
90.3
85.8
82.8
91.0
86.5
89.5
86.5
84.2
93.2
88.4
90.2
87.5
85.6
93.6
88.9
91.2
88 7
85.9
93.9
87.9
91.4
8^ 2
85.5
93.9
88.1
91.0
88 4
85.5
93.8
87.7
90.8
88 1
85.5
74.8
68.9
69.5
70.8
71.2
71.1
70.8
72.2
73.6
73.7
73.3
73.7
74. 6
78 2
68 3
72.7
64.5
74 8
48 8
70.6
74 8
68 2
63 4
78.4
87 0
91 3
93 9
85.3
75 4
78 5
73.0
67.6
73.9
73.4
60.6
71.7
57.6
64.6
45.9
64.8
65.7
71.1
51.0
74.1
81.3
81.5
90.3
79.4
73.1
79.6
57.6
69.0
65.5
88.8
99.5
40.9
91.7
96.1
91.5
82.5
77.6
76.8
78.6
81.2
78.6
68.2
74.8
61,7
72.9
57.0
63.9
46.7
64.9
65.8
60. 8
51.5
76.1
82.7
82 6
90.8
82.0
72.7
78.8
56.8
66.6
70.4
90.4
101.5
49.6
92 3
98.9
84.1
85 4
79.3
78.4
80.5
82.1
80.3
68.5
75.4
61.8
72.8
55.7
58.2
45.4
64.2
66.0
62.5
51.0
77.2
83.9
84 6
91.2
84.2
72.7
78 6
56.8
67.6
73.6
92.3
100.5
52.7
89 0
98.9
71.2
83 2
81.2
79.8
82.8
83.0
82.4
67.0
75.2
62.4
71.4
56.6
61.3
41.2
64.3
67.2
61.7
48 2
77.2
84.9
84 7
91.2
86.5
73.4
79.2
58.4
67.8
73.5
93.8
94.6
51.6
88 2
99 0
70 1
79 3
81.0
79.4
82.8
82.7
81.5
68.0
74.8
61.9
72.3
55.5
60.4
38.0
62.5
65. 1
63.0
46 0
77.5
85.6
85 7
91 2
88.0
73.7
79 2
59.0
68.1
73.4
94.0
92.2
51.6
89 2
98 6
74 9
80 1
81.0
79.3
82.9
83.5
83.6
66.6
76.0
64.1
71.9
58.7
63.7
41. 1
64.3
65.0
68.0
48 9
78.3
86.3
86 6
93 9
87.4
74.4
78 8
65.2
68.4
73.1
92.3
90.8
51.1
89 5
98 5
77 2
79 9
80.8
78.8
82.9
85.5
83.6
66.1
77 0
66 0
74.8
61.3
63 2
48 2
66.7
69 1
71.7
53 3
78. 7
86 6
87 2
93 9
87.3
75.5
78 8
71.5
69.2
72.4
91.8
89.3
50.3
89 6
Q8 4
78 0
89 1
81,0
79.2
83.0
87. 9
86.3
65.8
77 2
65 9
74.3
61.3
62 3
4° 5
67.3
68 9
71 6
56 5
78.5
86 4
88 5
93 9
86.4
75 7
79 0
71.9
69.5
71.4
88.5
89.4.
48.7
88 7
98 5
73.4
79 7
81.4
79.8
83.2
87.1
86,3
66.3
7*7 J
6-5 1
73.9
59.6
5^ 8
49 2
66.2
66 5
67 9
57' 3
78.6
86 7
90 7
529 7
87.2
75 5
78 6
72.2
68.7
71.7
88.3
92.2
49.4
88 9
98 5
76 7
78 4
81.6
79.9
83.5
87.9
87.3
68.0
77 8
65 1
73.7
59.6
63 9
47 8
67.1
67 1
68 2
60 0
78.9
87 3
91 2
89 4
85.9
75 4
78 6
72.8
66.4
72.5
88.9
94.6
50.7
87 9
98 5
73 5
76 3
82.0
80.1
84.1
89.1
90.2
68.1
-7g
5L3
86 3
98 0
66.6
75 1
81.6
78.5
84.8
86.8
86.7
68.8
72.2
61.8
69.1
60.1
73.4
47.4
65.5
66.1
75.6
50.8
72.2
79.5
78.2
88.2
75.9
73.2
80.3
56.8
68.6
65.3
89.4
100.2
41.3
86.3
88.3
88.7
78.0
74.8
74.6
75.1
80.6
77.7
67.6
78.2
87 8
91 1
93 9
86.3
75 6
78 6
73.1
67.9
72.8
90.6
97,5
50.6
87 1
98 4
70 1
75 3
82.0
79.0
85.1
87. 7
88.6
68.5
75.0
71.5
81.9
85.1
59 5
24.5
80.7
69.9
44.6
82.4
69.4
68.0
70.6
80.2
55 2
37.9
72.3
64.0
41.4
78.1
70.3
74.6
74 4
93.5
69 4
34.6
78.9
65.4
43.2
81 0
74.7
76.9
81 1
91.3
74 8
34.5
82.7
65.1
43.2
go 2
74.7
77.1
84 8
88.8
74 7
32.0
84.5
65.3
43.2
82 *
73.7
76.8
88 0
86.0
70 5
30.4
84.4
65.5
43.2
go 5
72.5
76.4
87 9
85.5
71 9
29.6
84.3
65.7
43. 2
82 5
72.5
76.5
87 5
86.5
70 6
29.7
84.3
67.5
43.2
83 0
72.7
76.9
87 2
88.6
67 0
31.0
84.3
68.5
43.5
82 7
72.7
76.5
87.2
89.1
65 6
29.4
84.0
69.3
44.6
82.7
76.2
75.3
85 7
88.2
64 2
28.4
82.0
69.5
416
83.6
75.0
73.6
82 7
86.3
65 3
26.5
81.0
69.8
44.6
83.7
75.1
72.7
82 6
86.0
62 8
25.0
80.8
70.2
44.6
83.5
72. 1
89.0
69 7
82.8
69 6
85.0
70 0
86.2
68 5
85.1
68 2
84.6
68 4
86.1
69 7
87.2
71 7
87.5
71.0
86.6
70 9
85.5
70.7
86.9
71.5
88.6
47.0
53.9
63 5
47.4
34.2
15.9
41.6
66.4
103.3
48.4
42.8
45.5
62 5
39.7
18.8
31.8
38 4
52.1
92.3
50.3
39.7
45.0
63 4
35.3
17.1
26.3
36 9
63.2
89.0
42.8
41.5
45.0
63 3
35.7
17.0
26.4
39 9
77.1
92.8
46.3
37.6
44.5
57 5
35.7
17.9
23.0
33 7
72.8
95.3
34.8
39.3
44.5
57 0
36.8
20.3
20.5
30 4
73.7
105.6
43.4
39.3
46.5
57 0
37.5
20.8
19.8
30 2
75.2
105.2
41.6
41.2
50.4
57 0
41.5
21.8
20.3
29 9
78.4
103.2
44.1
43.2
57.3
56 3
45.2
24.5
21.7
33 2
78.2
102.7
42.1
42.4
57.8
56 3
45.2
25.8
19.6
27.7
76.3
106.9
42.6
40.9
55.9
59 1
43.8
28.3
18.4
19.5
76.8
110.6
43.2
40.3
55.9
59.9
41.9
31.0
17.9
19.5
74.3
106.5
42.4
43.6
55.9
62. 1
45.2
31.6
16.8
32.9
69.0
101.9
42.7
134.6
136.2
172.4
128.7
146.2
142.9
181.5
135. 3
144.9
140.4
191.6
132.5
142.2
140.1
197.2
130.7
141.4
139.7
197.2
130.5
141.6
140.4
194.6
130.9
142.2
1411
202.8
131.8
139.5
142.5
197.2
131.4
136.8
138.3
181.5
130.0
136. 6
138.1
181.5
129.7
137.4
139.5
186.6
129.9
136. 6
138.5
186.6
129.5
135.0
137.4
179.2
129.2
108
157
109
2
67 3
72'. 9
63.3
72 4
48 3
69.8
73 0
70 1
g9 2
CONSTRUCTION AND HEAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
!
Contracts awarded, F.R.B.:
Total, unadjusted
1923-25=100..
32
« 31
33
36
38
40
25
46
42
30
35
Residential
._ 1923-25=100—
13
12
14
13
11
10
10
13
12
12
12
Total, adjusted
1923-25=100—
26
32
44
33
«26
49
24
30
58
37
48
Residential
1923-25=100..
11
12
11
12
12
12
13
12
13
12
13
fl
Revised.
* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: Fairchild's Index, p. 19, December 1932; World Prices,
p. 20, September 1932; Purchasing Power of the Dollar, p. 18, August 1933.
# The data on retail prices of food until Aug. 15 were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly
figures here given subsequent to August 1933 represent the figure nearest to the 15th of the month.
25
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
1934
1933
July
August
Septem- October Novem- Decem- January
ber
ber
ber
Febru-
ary
March
April
May
June
CONSTRUCTION AND REAL, ESTATE—Continued
CONSTRUCTION CONTRACTS
AWARDED— Continued
F. W. Dodge Corporation (37 States):
Total, all types:
Projects
__
number
7, 182
Valuation
_thous. of dol
119, 699
Nonresidential buildings:!
Projects
number
2, 905
Floor space
thous of sq ft
8,275
Valuation
__ .
_ tbous. of dol
60, 753
Public utilities:??
Projects
number-199
Valuation
thous. of dol
7,901
Public works :#
Projects
. .number
1,051
Valuation
thous. of dol.. 31, 166
Residential buildings:
Projects
number
3,027
Floor space
thous. of sq. ft__
4,795
Valuation
thous. of dol
19, 879
Engineering construction :1
Total contracts awarded (E.N.R.)
thous. of dol_. 118,000
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
thous of sq yd
2,949
Roads only.
_.. .thous. of sq. yd
2, 093
Highways:
Approved for construction (N.I.R.A.):*
Mileage
number..
1,225
Public works funds allotted-.thous. of dol.. 22, 481
Under construction
(N.I.R.A,):*
1
Estimate' , total cost
thous. of dol__ 267, 509
Public works funds allotted-.thous. of dol.. 246, 394
Federal aid funds allotted... thous of dol. . 8, 421
Mileage
.
.
number
12 524
CONSTRUCTION COSTS
Building costs— all types (American Appraisal
Co.)*
.1913 = 100
Building costs— all tvpos (A.O.C.).. 1913 -100..
Building costs— all types (E.N.R.) §.1913 = 100..
Building costs— factory (Abcrthaw) 1914 — 100
MISCELLANEOUS DATA
Construction —employment and wages:
Employment, Ohio. (See Employment.)
Wages, road building. (See Employment.)
Fire losses, United States
thous. of dol..
Ship construction. (See Trans. Equipment.)
Real estate:
Home Loan Bank, loans outstanding *
thous. of dol._
Market activity
each month 1926=100
New financing. (See Finance.)
182
199.7
85, 723
8,228
82, 554
8,186
105, 989
7,594
120, 134
7,476
145, 367
6, 232
162, 341
7,677
207, 210
7,729
186, 464
5,507
96, 716
7,927
178, 346
8,114
131, 225
9, 153
134, 439
8,368
«127, 116
2,801
6, 920
39, 983
2,777
6, 337
32, 708
2,302
6,470
37, 836
2,387
8,330
31,117
2,072
5, 053
27, 645
3,189
5, 185
50, 040
3, 419
5,470
57, 616
2, 256
4, 271
29, 015
2, 959
7,673
57, 329
3,141
7,991
38, 737
3,210
8, 093
52, 797
3,061
7,147
43, 142
160
4,132
157
19, 395
173
3,425
210
6,995
215
6,938
322
34, 043
358
10, 596
185
6,443
245
21, 003
193
12, 372
205
5,599
232
13, C69
910
14, 809
1, 251
32, 003
1,591
57, 324
1,718
85, 729
1,445
104, 141
2,446
99, 227
2,222
103, 141
1,101
46, 739
1,761
71, 937
1,184
57, 535
1,537
51, 202
1,344
44, 340
4, 357
7,383
23, 630
4,001
6,369
21, 884
3, 528
6,296
21, 549
3,161
6,868
21, 526
2,500
6,433
23, 616
1,720
5,890
23, 900
1,730
3,943
15, 110
1,965
3,634
14, 520
2,962
8,046
28, 076
3, 596
5,985
22, 686
4,201
6,159
24, 840
3,731
7,504
° 26, 565
50, 368
74, 063
106, 677
141, 622
147, 446
102, 563
101, 581
79, 261
122, 204
101,192
116,743
109, 993
1, 428
879
5, 650
5,300
5,764
4,826
7,970
6,409
5, 542
4,171
5, 918
4,107
3,921
2,131
3,586
2, 356
3,353
2,143
2,459
1, 463
3, 752
2,200
2, 628
1, 572
4,648
72, 778
5,147
74, 731
4.748
76, 619
5,607
93, 439
4, 491
80, 795
4,333
80, 456
4,267
77, 283
3,279
62, 216
2, 405
43, 297
1,718
31, 149
34, 962
32, 893
1, 063
2, 305
92, 215
85, 989
3, 177
5,910
134, 491
124, 652
5,071
8, 813
159, 575
147, 264
5,561
10, 504
197, 088
180, 944
7,042
12, 084
216, 291
198, 759
7,574
12, 827
239, 974
221, 169
7,955
13, 062
269, 229
248, 942
8, 435
14,111
288, 460
267, 371
8, 914
14,311
283, 506
263, 042
8, 634
13, 674
.::._::..
148
162
165. 5
150
J65
167.0
151
166
175.5
173
151
166
187.7
152
167
190.1
153
168
192.1
175
153
168
191.3
154
169
194.0
156
172
194.0
176
157
180
195.9
158
J80
199. 6
158
180
199. 6
177
20, 004
23, 627
20, 448
21, 465
22, 454
27, 626
28, 003
31, 443
31,312
22, 029
25, 271
20, 006
53, 745
41. 5
59, 800
47.4
66, 329
42.2
73,110
80,699
45, 8 |
54. 1
88, 442
53.8
92, 497
51.5
94, 040
46. 3
93, 125
46.3
88, 922
45.2
86, 842
45.7
86, 248
47.9
DOMESTIC TRADE
ADVERTISING
Radio broadcasting:
3,740
3, 104
3,728
3,585
3,998
1,907
3,793
3, 466
3,697
2,103
3,256
1, 816
Cost of facilities, total _
thous. of dol
2 495
309
338
371
348
338
289
268
273
234
209
261
128
Automotive
thous. of dol__
188
32
26
4
0
7
15
26
17
0
6
0
30
Building materials
thous. of doL.
0
22
40
30
30
36
18
24
43
43
46
5
9
Clothing and dry goods
thous. of dol..
27
80
142
119
109
78
162
168
177
80
188
38
39
Confectionery
thous. of dol._
68
1,022
1,222
1,168
1,168
1,089
1,048
1,196
978
910
499
«413
357
Drugs and toilet goods
thous. of doL.
921
63
37
64
56
57
65
60
61
64
89
95
Financial _. _ ..
thous. of dol
°50
36
999
829
974
945
1,061
1,132
997
1,091
655
571
1,080
Foods
.-thous. of dol..
«567
688
12
46
36
50
78
12
54
11
55
0
23
38
House furnishings
thous. of dol..
12
0
0
0
0
0
3
12
15
9
0
0
0
Machinery
thous. of doi._
0
24
13
22
21
20
20
11
19
15
19
9
7
Paints and hardware
thous. of dol._
5
241
202
243
245
267
258
259
307
238
243
311
«250
Petroleum products
thous. of doL.
188
45
33
39
45
54
36
47
58
58
60
46
«47
Radios
thous. of doL_
34
0
0
0
0
0
0
0
0
0
0
0
0
Shoes and leather goods
thous. of doL.
0
Soaps and housekeepers' supplies
178
190
216
190
142
92
115
145
95
92
"64
70
thous. of dol._
141
0
0
0
0
0
0
0
0
0
0
0
0
0
Sporting goods
..thous. of dol
31
35
48
13
18
13
24
2
23
4
0
0
Stationery and publishers
thous. of dol..
27
392
187
326
310
416
437
381
162
113
134
185
187
Tobacco manufactures
.thous. of doL.
93
112
114
107
110
89
84
67
69
10
53
47
27
Miscellaneous
thous. of dol
65
Magazine advertising:
10, 822
9,232
11,
693
11, 586
8,209
8,319
6,283
9,403
9,148
6,295
«5. 825
6,388
9,200
Cost, total
thous. of dol
982
1, 543
1, 665
1, 639
1,136
574
486
935
739
760
688
o?91
1, 386
Automotive
thous. of dol..
293
191
267
139
183
227
173
97
218
120
«97
95
Building materials
thous. of doL.
171
413
393
326
298
187
178
304
245
191
357
«78
Clothing and dry goods
thous. of doL.
138
281
142
178
168
165
86
302
100
295
300
"176
275
159
Confectionery
thous. of doL.
178
2,431
2, 119
1,894
2,193
2,170
1,332
2,056
2,335
1,458
1,969
«1, 385
1,381
1,884
Drugs and toilet goods.
thous. of dol..
241
250
192
220
266
196
179
226
240
153
184
167
222
Financial
thous. of dol._
0
Revised.
* New series. For earlier data 9n building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N.I.R.A. highway work started in September 1933.
First Home Loan Bank data were issued for December 1932.
t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.
# 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 August and November 1933, March and May 1934 include 5 weeks; other months include 4 weeks.
§ Index as of August 1, 1934, 198.4.
81294—34
4
SUEVEY OF CURRENT BUSINESS
26
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
September 1034
1934
1933
July
August
Decem- January Februgjm- October Novemary
ber
ber
Se
March
April
May
June
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Magazine advertising — Continued.
Cost, total— Continued.
Foods
thous. of dol._
Garden
thous. of dol..
House furnishings
thous. of dol..
Jewelry and silverware
thous. of dol_.
Machinory
- -thous. of dol. _
Office equipment.
.-thous. of dol_.
Paints and hardware..
thous. of dol__
Petroleum products
thous of dol
Radios.
-thous. of dol..
Schools
. . _ .thous. of dol _
Shoes and leather goods
thous. of dol._
Soaps and housekeepers' supplies
thous. of dol. .
Sporting goods
thous. of dol_.
Stationery and books.. _
thous. of dol_.
Tobacco manufactures
thous. of dol_.
Travel and amusement
thous. of dol..
Miscellaneous
. -thous. of dol._
Lineage, total t
thous. of lines..
Newspaper advertising:
Lineage, total (22 cities)
thous. of lines. .
Lineage, total (52 cities)
thous. of lines..
Classified
.thous. of lines..
Display
thous. of lines. .
Automotive
thous. of lines..
Financial
thous. of lines..
General
thous. of lines..
Retail
thous. of lines. _
1,607
31
351
86
32
81
88
288
98
132
106
1,341
10
199
47
23
25
38
236
58
120
85
* 1,016
5
« 128
"25
24
13
2
320
101
o 135
13
0
!
i
!
(
1, 155
10
270
36
14
18
53
225
85
143
58
1, 685
15
663
127
25
76
117
202
103
116
140
1,958
594
160
29
70
82
168
273
105
134
1,777
8 i
367
176
29 •
83
32
190
238
84
106
1,173
50
229
119
23
110
17
167
235
124
54
1,785
76
348
34
32
83
45
119
65
110
39
1,916
59
535
33
27
91
91
145
115
101
62
1,969
75
867
109
40
110
163
258
108
113
198
645
81
237
453
220
228
1,870
582
46
202
399
246
218
1, 899
371 i
102
325
370
291
224
1, 791
336
93
166
421
283
312
1, 375
583
55
161
439
281
319
1, 765
576
72
187
449
343
414
2,013
63,962 •
96,716 ;
15 548
81, 168
o 936
1. 506
12. 275
63 451
55, 462
82, 455
15, 045
67, 409
5, 931
2, 159
13,977
45, 3 *3
(2)
80, 788
13,661
67, 125
4 358
1, 643
16, 745
44 381
1,568
41
7X0
236
717
114
198
523
459
574
2, 469
1,711
61
1,039
190
45
102
203
228
100
128
213
100
711
184
149
425
521
652
2 501
103, 648
10 577
87 071
6 179
2,010
19, 384
59 498
(2)
107, 491
17, 808
X9, 633
8 180
1, 808
20, 133
59 512
(2)
112,122
17 932
94 H)0
q 906
1,481
21, 798
61 6 1 6
C2)
103, 646
18 689
84 957
9 '"03
1,528
19, f>31
~d 395
V)
99
135
303
85
133
222
85
643
223
137
486
418
580
651
223
117
454
257
472
515
140
98
322
229
162
1, 272
a
204
1, 184
517
76
123
337
131
178
1,407
(2)
83, 183
16 475
66 709
7 076
1,718
15, 279
42 636
49, 364
78, 319
16, 064
62, 255
6, 139
2,396
14, 272
39, 448
53, 710
86, 339
18 158
68, IS!
6 797
1,392
15, 198
44 794
62, 327
92, 618
17,287
75,331
5 408
1.259
16, 337
52 326
70, 271
105, 970
19, 467
86, 503
4 6«3
1,497
20, 071
60, 252
06, 357
99, 823
16, 199
83, (.24
5 565
1, 500
18, 769
57 791
62.3
62 7
63 5
G4 2
65.2
67 4
67.6
67 2
67 4
65 9
66 0
65 4
2,402
2, 392
3, 839
2,304
2, 384
2, 525
2,864
2, 106
2, 507
2, 393
2, 320
2, 185
pounds..
644, 172
690, 177
643, 621
665, 458
631, 748
657, 203
thousands. _
thous. of doL.
3,081
30, 957
3 078
30 894
3 057
30 959
3 338
33, 146
3 250
32, 232
4 013
35, 487
3 611
34, 551
3 419
31 743
3 822
30 183
3 519
34 225
3 553
34* 097
3 452
33 896
_ .thousands __
thous. of dol_.
thous. of dol..
8,863
81, 759
2,109
9,598
87, 281
2,072
9 426
87, 571
2,619
11, 106
102, 877
1,998
11, 173
98, 630
2, 279
12 118
98, 551
5,110
11, 282
89, 761
2,030
10 056
79, 192
2,OOG
11 999
94, 176
3,047
10 476
85,219
2, 118
11 257
89 6X4
2 219
10 953
88* 0X8
438 !
« 127
«92 !
« 361
« 126
(2)
GOODS IN WAREHOUSES
Space occupied, public merchandising warehouses
-- percent of total..
NEW INCORPORATIONS
Business incorporations (4 States) _ _ .number..
2, 048
POSTAL BUSINESS
Air mail, weight dispatched
Money orders:
Domestic, issued (50 cities) :
Number
Value
.
Domestic, paid (50 cities):
Number
Value
Foreign, issued — value
Receipts, postal:
50 selected cities
50 industrial cities
thous. of dol_.
thous. of dol. _
RETAIL TRADE
Automobiles:*
New passenger car sales:
0
Unadjusted
1929-31-100..
51.2
57.5
58.3
33.0
68.4
42.7
22.8
45. 7
87.9
78. 1
73. 1
17.3
84. 6
52. 5
Adjusted
1929-31 = 100 I
52 0
53 0
66 5
52 0
53 5
54 5
64 5
30 5
33 5
59 0
63 5
55 5
Chain store sales:
Chain Store Age index:*
Combined index (19 companies)!
av. same month 1929-31 = 100. .
83
84
85
84
89
85
86
86
88
85
88
Apparel index (3 companies) f
av. same month 1929-31 = 100. .
82
79
91
84
93
88
88
90
88
100
103
98
91
Grocery (6 companies)
av. same month 1929-31 = 100. .
79
83
80
81
80
80
79 i
81
78
78
83
Five-and-ten (variety) stores:*
Unadjusted.
1929-31 = 100
74 4
82 5
87 2
82 5
76 7
86 8
90 0
86 9
70 2
73 0 !
86 3
79 7
153 7
94 g i
90 0
Adjusted
1929-31=100
87 2
83 6
94 2
87 5 i
86 7
86 4
85 5
90 8
89 5
85 6
83 3
H. L. Green Co., Inc.:*
Sales
thous. of dol
1,857
9 218
1 782
2 082
2 377
1 994
2 106
1 619
1 525
1 903
1 840
4 071
2 2X7
133 I
Stores operated
.number
135
133
132
132
135
135
135
132
131
' 134
133 '
131
S. S. Kresge Co.:
Sales
_
_.thous. of dol
9 921
9,407
10 465
8 825
9 472
10 635
10 848
19 732
11 680
11 523
8 797 i 12 321
10 146
Stores operated
number. .
721 i
721
722
719
719
723 i
724
720
720
724
723
721
' 724
S. H. Kress & Co.:
Sales
thous of dol
4
929
5 586
5 107
5 083
5 336
5 417
5 406
5 771
11 441
6 331
5 732
6 096
Stores operated
number.. !
231
231 !
231
'230 '
230
231
230
227
230
230
230
"' 229
230 1
McCrory Stores Corp.:
Sales
thous. of dol
2 365
5 6r-4
2 402
2 74 ri
2 546
2 619
2 837
2 497
3 257
2 800
2 867
2 589
Stores operated
number
209
227
225
' 209
' 204
204
209
209
' 205
202
200
210
204
G. C. Murphy Co.:
o 4(jfi
Sales
thous of dol
2 240
*> 367
2 076
1 804
1 912
1 994
1 803
1 976
3 591
1 555
1 5°>4
2 060
Stores operated
number..
179
180
180
181
181
179
179
180
179
ISO
181
179
180
F. W. Wool worth Co.:
99 ooo
Sales
thous. of dol
18 137
21 642
22 035
20 996
22 005
19 583
17 860
20 357
36 996
24 0^5
19 515
Stores operated
number
1 937
1 942
1 942
1 937
1 937
1 937
l' 949
1 936
1 936
1 'J49
1 940
1 944
l' 946
Grocery chains:
A. & P. Tea Co.:
Sales, value total
thous. of dol..
77, 631
59, 923
64, 272
63, 445
76, 005
60, 661
63, 856
64, 479
81,292
62, 464
(2)
(2)
(22)
Weekly average
thous. of dol..
15, 964
14,981
15, 861
15, 201
15, 165
15, 526
16, 120
16, 068
10, 258
15,616
()
(2)
(2)
2
Sales, tonnage, total (estimated).. .tons. . (2)
382, 751 458, 606 357, 638 376, 069 460, 525 386, 947 356, 514 377, 782 477, R25 364,467
( )
( 22)
2
Weekly average
tons..
92, 105
89, 129
95, 688
91, 721
89, 410
94, 017
94, 446
90, 737
95, 565 i 91,117
()
(2)
()
a
2
Revised.
Discontinued.
* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety store sales p. 18 of the March 1934 issue.
t
Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Magazine advertising, p. 20, October 1933; combined sales index and apparei
sales index of Chain Store Age, p. 26, October 1933.
0 090
;
}0
7gg
27
SURVEY OF CURRENT BUSINESS
September 1934:
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
1933
July
1934
Decem- January
August SeptemOctober j No b ™ m ber
ber
February
March
April
May
June
DOMESTIC TRADE— Continued
RETAIL TRADE— Continued
Restaurant chains (3 companies) :
Sales
thous of dol
3 045
Stores operated
number
373
Other chains:
W. T. Grant & Co.:
5,743 <• 5, 771
Sales...
thous. of dol—
458
454
Stores operated
number..
J. C. Penney Co.:
Sales
. .
thous. of dol— 13, 967 « 13, 558
1,465
1,478
Stores operated
number..
Department stores:
a
73
70
Sales, total value, adjusted
1923-25=100..
« 51
49
Sales, total value, unadjusted_.1923-25 = 100._
55
46
Atlanta
.
— 1923-25 = 100 .
45
Boston
1923-25=100
46
53
Chicago
1923-25=100
4»
46
45
Cleveland
1923-25 = 100
50
44
Dallas
1923-25-100
47
44
Kansas Citv
- 1923-25=100 .
Minneapolis
1923-25=100
40
r
)0
New York
1923-25 = 1 00
49
41
39
Philadelphia *
1923-25=100..
59
Richmond
1923-25 = 100
51
43
42
St. Louis
1923-25=100..
61
San Francisco
1923-25=100
67
Installment sales, New England dept. stores,
7.6
ratio to total sales
percent-7.9
Stocks, value, end of month:
60
56
Unadjusted
1923-25-100
64
60
Adjusted
1923-25 = 100
Mail-order and store sales:
Total sales, 2 companies
thous. of dol.. 37, 387 « 33, 592
Montgomery Ward & Co.. -thous. of dol— 15,891 a 13, 641
19,951
Sears, Roebuck & Co.
thous. of dol__ 21, 496
3 298
376
3 218
375
3 444
375
3 141
375
3 568
374
3 472
374
3 146
373
3 678
373
3 541
372
5, 752
454
6,423
454
7,113
454
6,900
456
12, 451
457
4,833
457
4,550
457
6,774
457
5,950
457
7,180
457
7, 361
458
14, 204
1,477
16, 288
1,471
18, 643
1,468
19,216
1,468
25, 824
1,467
12, 444
1,466
11,745
1,466
16, 497
1,467
15,477
1,465
17, 086
1,467
16, 797
1,465
77
59
65
57
65
61
60
61
56
61
50
66
57
76
70
73
67
73
75
64
67
68
70
78
60
79
63
73
70
77
79
76
76
66
81
74
58
93
73
94
70
72
65
75
71
74
69
61
75
67
54
89
66
87
70
69
69
121
117
114
114
103
120
113
93
140
105
147
106
131
69
57
57
61
60
52
56
52
46
63
49
61
53
63
71
59
64
46
61
51
61
54
43
58
43
57
52
59
77
73
83
73
75
73
84
75
73
85
69
92
71
82
77
73
74
64
76
70
72
70
65
77
58
81
67
69
77
77
82
71
80
78
79
74
67
81
67
97
75
74
12.7
9.8
9.3
7.0
4.2
7.4
9.4
6.6
6.5
7.5
6.1
62
64
73
70
77
70
78
69
62
65
59
66
63
66
67
65
68
65
66
63
65
40, 327
15, 657
24, 670
43,219
16, 600
28, 619
53, 550
23, 017
30, 533
52, 037
20, 742
31, 295
61,971
25, 022
36, 949
36, 705
14, 734
21,971
36, 016
15, 422
20, 594
43, 592
18,312
25, 280
46, 037
20, 872
25, 165
51,072
20, 935
30, 137
46, 330
19, 266
27, 064
74
70
71
70
« 73
69
67
63
a
58
80
65
90
62
67
a
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
r
Factory, unadjusted (B.L.S.)*—1923-25
..1923-25 = 100-.
.1923-25
Chemicals and products
1923-25 = 100..
Chemicals...
1923-25
1923-25=100
Druggists' preparations. ..1923-25
1923-25 = 100Paints and varnishes
.1923-25=100..
1923-25
Petroleum refining
1923-25 = 100—
Rayon and products
.1923-25=1001923-25
Food and products
1923-25=100 _
1923-25-100
Baking....
Beverages
1923-25 = 100
_ .1923-25 = 100Slaughtering, meat packing..1923-25
Iron and steel and products ._1923-25
1923-25 = 1 00—
Blast furnaces and steel works.1923-25
8.1923-25 = 100..
S tructural and metal work.. .1923-25=100..
_ 1923-25
Tin cans, etc
1923-25
1923-25-100
Leather and products
1923-25
1923-25-100
Boots and shoes
..1923-25
1923-25 = 100
..1923-25
Leather
1923-25 = 100..
Lumber and products
1923-25
1923-25=100
. 1923-25
1923-25=100-.
Furniture
Millwork
1923-25 = 100
Sawmills
.1923-25
1923-25 = 100
Turpentine and rosin
.1923-25 = 100Machinery
1923-25
1923-25=100
Agricultural implements
1923-25 = 100..
.1923-25
Electrical machinery, etc
1923-25 = 100..
.1923-25
Foundry and machine shop products
1923-25 = 100—
Radios and phonographs
1923-25 = 100.1923-25
Metals, nonferrous
1923-25 = 100—
.1923-25
Aluminum manufactures .1923-25
1923-25 = 100..
Brass, bronze, copper prod...1923-25
. .1923-25= 100. _
Stamped and enamel ware...1923-25
..1923-25=100..
Paper and printing
_ 1923-25 = 100 .
Paper and pulp
1923-25
1923-25=100
Railroad repair shops
1923-25
1923-25 = 100
Electric railroad
1923-25
1923-25-100
Steam railroad
1923-25 = 100
Rubber products
...1923-25
1923-25=100
Rubber tires and tubes
_ 1923-25 = 100Stone, clay, and glass pr
sl923-25 = 100_.
Brick, tile, and terra c
.1923-25 = 100..
Cement
.1923-25 = 100..
Glass
1923-25=100
Textiles and products...
.1923-25=100
Fabrics
_..1923-25
1923-25=100
Wearing apparel
1923-25
1993-25-100
Tobacco manufactures
1923-25 = 100 .
.1923-25
Transportation equipment
1923-25 = 100..
.1923-25
Automobiles
1923-25 = 100
.1923-25
Cars, electric and steam
1923-25
..1923-25=1001923-25 = 100
78.6
105.3
112.3
93.8
101.1
111.7
296.8
110.1
116 3
188.9
103.5
70.3
72.4
59.0
99 6
89 4
89.0
91.5
48.8
62.0
37.0
33.8
97.3
78.6
69. 3
65.1
71.5
92.3
87.9
86.4
92.0
96.9
281.4
94.5
99 5
166 6
85.2
61.8
62.1
45.5
81 8
89 5
90 3
86.3
46 6
62.4
38 7
30.8
83.5
58. 1
40.1
51.4
76.4
99.1
96.8
88.7
93.5
98.9
316.1
105.4
102 7
162.7
94.2
68.4
69.8
49.3
89 8
92 9
93 2
92.2
50.4
68.7
39 8
33.6
89.4
64.5
43.5
55.0
80.0
106.0
101.2
95.1
94.1
104.9
330.3
120.9
108 9
161. 1
102.2
71.4
71.8
53.9
92 3
90 7
90.3
92.5
54 3
77.2
39 9
35.6
97.6
69.8
48.2
58.4
79.6
109.1
103.2
99.8
94.0
108.8
331.3
115 9
110 1
150 6
101.5
69.8
70.2
54.6
85 0
88 9
88'3
91.4
55 2
78.5
38 7
36 2
103 9
73 0
52.4
60.6
76.2
108.4
104.0
101.9
91.1
110.0
332.0
104.8
109 1
136.3
98.9
67.9
67.9
53.3
83 9
79 1
77 0
87.8
52 3
72.4
37 2
34.7
101.1
73 3
56.1
60.3
74.4
107.6
103.5
103.0
90.1
111.2
322. 0
99.2
107 7
140.5
98.0
66.6
67.0
52.7
86 4
78 7
75 8
90.8
49 8
65.9
36 3
33.3
107.7
71.8
61.2
59.4
73.3
107.9
104.8
101.9
93.9
110.3
319.4
94.1
106 4
140.5
96.5
63.5
65.0
51.6
79 1
82 9
80 8
91.4
45 6
60.0
33 3
30.7
97.8
70 0
65.8
57.8
77.7
110.6
104.8
102.4
97.6
110.6
325.2
93.9
108.4
141.5
95.5
66.6
67.3
52.8
79 6
90 3
89 6
93.6
47.1
62.4
36.1
31.3
98.6
72.9
75.6
59.2
80.8
112.8
107 7
103.1
98.4
110.2
321.9
96 2
110 3
147 7
92.8
70.0
70.1
53.9
85 4
92 7
92 2
95 1
48 5
63 0
37 6
32 6
101.4
76 8
75.9
61.8
82.3
113.3
110.8
100.6
102.6
107.8
319.0
97.2
111 2
156 6
92.4
72.6
72. 9
56^0
88 2
92 3
92 2
93.2
49 4
60.8
39 4
34.3
101.2
80.3
87.2
63.7
82.4
106.1
111.2
97.7
107.4
109.5
267.7
99.6
113 2
169. 1
96.7
75.2
76.8
58.5
91 2
91 4
91.3
92.1
51.0
61.3
40.4
36. 1
102.4
81.3
83.0
65.4
81.0
104.5
111 7
96.9
106.1
111.4
273.8
105 1
114 6
183 0
101.4
76.4
79.1
59.7
96 7
87 7
86 8
91 5
50 0
62 4
37 9
35 1
98.6
80 8
73.3
66.2
69.5
205.0
73.2
68.9
75.0
90.3
93.4
104.8
58.3
66 3
57. 7
83.9
77.4
54.2
31.7
58.4
89. 1
85.9
86.9
79 8
61.1
87.8
98. 4
51.3
69.2
52.9
138.0
61.7
72.3
69.1
80.0
84.1
89.9
51 7
65 2
50.7
77 4
73.2
49.3
33.3
50.2
72.0
95.4
96 7
88 3
60.3
58.3
65.9
24.7
52.3
59.4
158.7
69.2
80.3
76.2
89.3
88.7
97.6
51 2
64 7
53. 3
86 6
78.0
52.8
35.6
53.1
77.8
97.8
99.3
90 3
62 2
61.6
68.7
29.4
57.5
62.4
195.9
74.3
84.5
78.3
92.4
92.7
103. 1
55 1
65 1
54 3
88 8
76.3
52.9
34.8
48.0
80.4
98.2
97 6
95 6
61.7
64.3
71.6
28.5
64.2
63.6
238.2
75.6
83.2
77.5
93.3
94.5
104 1
55 0
65 8
54 1
88 7
74.7
51.6
31.8
41.4
81 1
97.7
96 7
95 8
64.6
59.1
64.2
27.9
66 1
62.5
248.3
72.6
81.7
74.8
79.8
94.2
102.2
54 8
66 6
53 9
86 7
72.5
50.3
29.2
41.2
82 2
92.9
93 5
87 7
66.0
53.5
56.6
28.5
63 5
61.4
219.4
69.8
80.9
72.1
78.2
94.5
101. 1
53 5
66 7
52 5
83 9
71.8
49.0
27.1
36.6
82 9
88.0
89 7
80 4
62.1
61.1
66. 1
31.8
67.3
61.2
181.7
67.3
78.0
70.9
72.7
92.4
100.3
52.8
65 9
51.8
82 0
71.5
47.3
24.7
35.6
83.8
88.2
89.4
81 4
54.5
71.2
80.3
31.6
64.4
64.1
177.5
70.9
79.6
72.7
79.8
93.1
102.5
53.4
65 8
52.5
84 6
74.6
49.8
25.6
41.0
89 5
96.8
96.4
93 4
62.1
84.7
97.4
38.5
66.0
68.3
187.6
75.1
81.5
78.1
87.5
93.7
104 4
55 5
66 3
54 7
87 1
78.1
52.1
26.9
42.4
93 9
100.0
98 4
99 4
64.4
93.4
108.4
40.8
69 3
71.6
200.2
76.9
82.2
79.1
94.0
95.1
106.8
57 8
66 3
57.2
90 0
82.1
55.3
30.5
48.0
95.9
99.1
96 8
100 0
64.7
99.1
114.9
43.9
71.7
73.6
201. 2
77.8
78.1
81.2
95.6
95.9
107.2
59 6
66 7
59 1
89 1
82.7
57.7
33.1
57.6
95 1
96. 1
94 9
94 7
61.3
99.4
114.4
48.5
73 1
73.1
206. 0
75.9
76.0
78.2
93.0
94.7
106 0
59 8
66 7
59 3
85 6
81.7
57.1
34.4
59.1
93 6
«90 9
°89 9
89 3
62 4
°95. 1
°106 8
53.9
76 6
Factory adjusted *
1923-25=
1923-25 = 100
Chemicals and products
..1923-25=
.1923-25=100Chemicals
1923-25=
.1923-25=100—
.1923-25 = 100..
Druggist preparations,
Paints and varnishes
_ 1923-25 =100. _
Petroleum refining
1923-25=100
Rayon and products..
.1923-25 = 100a
Revised.
* New series. For earlier data see p. 20 of the
http://fraser.stlouisfed.org/
1934, factory employment,
79.4
109. 5
115. 1
99.0
101.3
109 3
296. 8
72.5
96.5
90.1
91.2
92.2
94 8
281.4
76.4
103.0
100.3
90.5
96.1
97. 1
316.1
78.0
105.5
101.7
93.1
95.2
103 0
330.3
77 8
106. 9
102.1
95. 4
93.7
109 0
331.3
75.9
106.6
101.9
98.4
91.8
111 1
332.0
75 0
106.6
101.4
101.4
91.6
112 6
322.0
75.1
107.7
103.4
99.7
96.1
112 4
319.4
78.4
109.6
103.1
101.4
97.7
112 1
325.2
81 0
110. 9
106.5
100. 9
97.7
111 3
321.9
82 2
109.4
110.1
102.4
102.2
107 8
319. 0
82 4
107.9
113.1
101.3
103.6
109 7
81 4
108.9
113.9
101.4
102.2
110 4
267. 7
273 8
Federal Reserve Bank of St. Louis
December 1932 issue, department store sales, Philadelphia, pp. 16 to 20, inclusive, of June 1934, and pp. 16 and 19 of July
28
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
1931
July j July
1933
[August
Se
September 1934
1931
u
1
^>ctoberj N ^-| D ^-|january| FFebru^
ary- | March_[_April j May | June
EMPLOYMENT CONDITIONS AND WAGES- Continued
EMPLOYMENT—Continued
Factory adjusted—Continued.
Food and products
1923-25=100..
Baking.
1923-25 = 100..
Slaughtering, meat packing..1923-25=100._
Iron and steel and products.—1923-25=100Blast furnaces and steel works 1923-25=100..
Structural and metal work... 1923-25=100..
Tin cans, etc
1923-25=100..
Leather and products
1923-25=100...
Boots and shoes
1923-25 = 100..
Leather
1923-25 = 100..
Lumber and products
1923-25=100..
Furniture
1923-25 = 100..
Millwork
1923-25 = 100..
Sawmills
1923-25=100..
Machinery
1923-25=100..
Agricultural implements
1923-25= 100..
Electrical machinery, etc
1923-25=100..
Foundry and machine-shop p r o d u c t s
1923-25 = 100..
Radios and phonographs
1923-25=100..
Metals, nonferrous
1923-25=100..
Brass, bronze, copper prod... 1923-25=100._
Stamped and enamel ware...1923-25 = 100__
Paper and printing
1923-25=100..
Paper and pulp
1923-25 = 100._
Railroad repair shops
1923-25=100..
Electric railroads
1923-25=100Steam railroads
1923-25=100..
Rubber products
1923-25 = 100—
Rubber tires and tubes
1923-25=100..
Stone, clay, and glass products. 1923-25 = 100._I
Brick, tile, and terracotta—1923-25 = 100..
Cement
1923-25 = 100..
Glass
1923-25=100..
Textiles and products
1923-25=100..
Fabrics
1923-25 = 100..
Wearing apparel
1923-25=100—
Tobacco manufactures
1923-25=100..
Transportation equipment
1923-25=100—
Automobiles
1923-25 = 100..
Cars, electric, and steam
1923-25=100..
Shipbuilding
1923-25 = 100Factory, by cities and States:
Cities:
Baltimore*
1929-31 = 100Chicago*
1925-27 = 100..
Cleveland*
1923-25=100..
Detroit
1923-25=100Milwaukee*
1925-27=100New York
1925-27=100Philadelphia!1923-25=100—
Pittsburgh*
1923-25=100States:
Delaware!
1923-25=100Illinois
1925-27=100..
Iowa
.1923=100Massachusetts*!
1925-27=100Maryland*...
_
1929-31 = 100New Jersey!
1923-25 = 100New York.
1925-27 = 100Ohio
1926=100..
Pennsylvania!
1923-25=100..
|
I
|
107.8
92.0 i
97.4 103.2
104.6
102.3
101.7
104.0
104.3
1ftfi R
112.6
|V:' £
98.0| 102.4 107.0
108.4
107.4
107.7
108.7 110.8
7/£ ?
85.71
96.1
103.2
100.7 97.9 93.9 9 3 . 7 ] 93.9
95.1
69.1
7?':
62.8 68.7
70.9 69.4
68.1
67.6
64.9!
66.4
704
63.0 70.4 71.9 70.7
68.7
68.1
65.5,
66.6
68.6
55.2
'£ o
44.6
48.1
52.4
53.4 53.2
53.1
53.0 | 54.3
88.1
ql'o
78.7
83.8 87.1
85.2
87.7
89.8
84.51
83.2
90. 5
oo'X
88.9 89.7
87.3
86.7
80.9
82.4
83.6 i
88.4
90.0
077
89.0 88.8 8(3.0
85.6 79.4
80.6
82.1
87.8
92.9
n/
88.8 93.6
92.4 91.4 87.2
90.4
89.8
91.2
49.8
'£ i
46.7
49.8 52.9 53.1
50.9
49.9
47.2 48.4
64.1
T4 q
65.3
68.6
74.8 72.2
67.3
63.8
62.2
63.0
38.1
o«y
38.4 39.2
39.5
38.4
37.2
36.9
34.3
36.6
oo' j
30.1
32.7
34.5
35.6
34.4
34.0
32.1
32.7
33.7
78.4
701
58.6
64.2
67.9 70.8
72.3
72.4
71.8
74.0
70.9
42.3
45.9
51.4 55.0
57.9 81.4 63.6 71.1
7o' 9
51.4 55.0
58.4 60.6 60.3 59.4 57.8 59.2
61.8
65' \
'
I
67.4
52.9
59.3
62.2
64.1
63.7
62.8
62.1
63.8
69 5
250.8
143.8 j 144.3 146.7
168.0 203.2
215.1
215.8
216.4
213'5
63.2
70.4 |
74.8
74.8 71.7
69.2
69.4
70.1 !
73.7
75 ' x
69.8 76.8 j
79.2
78.4 75.6
72.6
71.3 71.31
76.0
75' g
81.0 91.3
93.9 9 3 . 2 1
79.9 79.1
75.1
78.9 i
84.3
91 ' 4
93.4
944
85.1
89.9!
93.0
94.2
93.0 93.0
91.7
92.9
104.4
89.9 97.6
103.1
104.1 i 102.2
101.1
100.3
102.5
104'8
51.4
54.0
54.8 54.7 j
55.0
53.8
53.6 54.2
55.8
58' 0
66.3
65.2
64.7
65.1
65.8
66.6 66.7
65.9 65.8
66 3
55.0
5/4
50.4
53.1
54.0
53.8
54.1
52.6
52.6
53.3
76 2
87 9
89 4
89 4
87
84 3
89.0
828
-0
S3- 4 I
85.1
79.7
74' 0
70.0 77.9 77.7
77.3 !
75.1
74.3
73.7 |
75.4
53.1
53*9
48.8 51.4 51.0 49.7
50.0 50.0
52.0|
52.7
29.2
293
30.8 32.9 32.9
31.1
29.3
28.6
28.11
29.4
45.3
54*3
46.7
49.9
45.2
39.8
40.9
38.6
40.1
46.1
7
93.1
928
5.0
79.1
78.6
78.9
81.2
83.2
91.1
91.8
97.3
99*2
100.2
101.2 j
98.1
96.1
92.1
87.3
88.1
95.1
96.5
90'4
100.7
103.1
98.4
95.8
91.8 88.2
88.5
94,81
94.9
855
94.8
92.4 93.4 92.7 i
88.7
81.7 83.1
91.3
64.9
el's
61.0
62.4 60.0 61.91
63.1
61.9
58.4 62.6
89.6
853
56.7
61.7
65.5
63.9
60.5
65.6
72.1
82.6
103.7
955
64.0 68.6 72.7
69.81
65.3
71.8 81.1 94.6
41.1
479
23.0 28.0
27.9
29.1 I
31.6
34.6
35.4
41.4
65.7
70.8 53.5
60.8 68.4 70.7!
66.1
67.3
62.5
62.8 i
j
i
79.6
815
°70.0
75.8 79.1
80.9
76.8
74.1
72.1
76.1 l
64.2
672
56.7
64.0
65.3
65.6
63.0
60.9
60.8
63.2
84.5
82.6
71.0 75.5 75.2 71.9 74.6
74.1
78.5 83.6!
107.7
839
62.8 64.7
59.6
37.3
41.6
61.7
83.2
99.1
80.6
826
71.9 76.6
79.2
79.1
76.7
77.1
76.7 7 5 . 8 !
74.7
681
59.2
63.4
69.0
70.0
67.8 67.4
66.9
71.4
78.4
771
66.6 72.9
78.3
81.4
79.3 |
76.8 73.3 76.1
87.9
79.2
68.5 75.7
77.4
75.2
74.71
73.4
70.0
73.4
i
!
95.8
96.6
87.9 94.2
98.1
95.1
94.2
92.7
89.0
93.4!
69.1
715
60.9
67.9
69.7
68.9
66.2
65.4
64.0
66.0 j
106.7
93.0
95.3
99.3
101.9
98.8
99.8
98.4
101.6 | 105. 5
74.1
67.6 69.0 73.2
75.1
76.5
72.9 69.1 I
68.5
73.0 |
86.7
86.8 °78.8
84.0
88.3
90.1
85.5
81.2
79.0
83.8
80.1
817
70.4
74.9 79.5 • 80.5
80.5
79.8
77.4 78.9
72.2
69.7
62.2
65.7
69.6 69.6
67.4
66.2
65.8
69.6
89.6
89.7
77.8
81.9 83.7
83.2
80.5
80.1
79.4
85.4
76.1
7G.3
68.4!
73.2
76.3
76.6
75.3
72.5
69.5
73.7 I
79.3
85.7
75.9 77.5
79.7
80.0
78.3
76.5
75.7
77.2
104. 0
113.0
95.4
71.5
71.4
56.7
87.8
93.0
93.1
93.0
50.0
63.0
39.2
34.5
81.5
82.3
63.7
106.4
113.2
97.9
74.3
75.7
58.9
90.3
94.0
94.2
93.4
51.3
64.5
39.9
35.6
82.0
80.5
65.4
107.3
113.4
101.9
76. 3
79.3
59.4
93.4
91.4
90.9
93.8
49.8
64.7
37.4
34.2
81.2
73.8
66.2
70.4
253.7
76.0
77.7
91.4
95. 5
100. 8
57. 4
66.3
56.8
90.4
80.7
54.7
30.3
48.2
94.4
97.8
96.1
97.3
65.7
93. 8
108.8
40.6
67.3
72.4
239.4
78.2
80.7
94.3
96.5
107.2
59.2
66.7
58.7
87.5
78.9
56.2
31.3
55. 9
93.4
96.0
94.8
94.8
61.6
91.0
104.1
44.2
70.9
72.3
227.4
76.8
78.7
92.9
95.5
106.0
59.4
66.7
58.8
83.2
76.7
54.9
32.0
55.4
90.5
0
92. 2
"91.1
90.8
62.7
a
90.1
• 101. 1
49.6
75.7
84.6
65.1
88.5
112.7
81.6
74.7
78.8
77.6
84.5
66.9
87.5
100.5
86.2
73.3
77.6
81.9
67.7
86.7
83.1
85. 1
70.5
77.4
81.5
96.1
70.4
108. 9
74.8
90.3
79.9
73.2
91.9
77.1
79.6
95.5
72.1
111.0
73.5
89.4
81.6
72.1
93.8
77.0
84.1
97.9
72.7
111.7
69.3
87.6
82.2
71.0
'93.3
77.3
84.1
Wisconsin
1925-27 = 100Nonmanufacturing (Dept. of Labor):
Mining:
|
I
58.2
Anthracite
1929=100..
53.6
43.8 j
47.7 56.8
56.9 61.0
54.5
64.1
63.2 i
67.5
57.5
63.8
77.8
Bituminous coal
..1929=100..
77.0
63.2 68.6 71.8 68.0 74.8 75.4 75.8
76.1
76.7
76.7
41.'7
39.8
Metalliferous—
1929=10039.9
33.0
36.8
38.9 40.7
40.6
40.6
39.6
40.3 j
40.8
41.0
74.0
Petroleum, crude production...1929=10081.6
59.5 60.8 66.2
70.6
72.2
75.0
73.2
72.4 i
72.8
80.0
76.7
48.7
42.0
Quarrying and nonmetallic
1929=10055.6
49.5 51.6 52.6
53.2
51.1
45.3
39.7
38.8 !
54.3
56.6
Public utilities:
72.2
71.7 ',
Electric railroads
1929=100..
73.1
69.4 69.5
69.7
70.6
71.0 70.8
70.5
71.0!
73.2
72.6
82.4
Power and light
— 1929=100..
85.0
77.5
78.1
80.3 82.2
82.6
81.8
82.2
81.2
81.7
83.1
84.0
70.2
70.0
Telephone and telegraph1929= 10071.0 68.5
68.1
68.3 68.7
68.9 69.4 70.2 69.8
70.2
70.4
Trade:
j
|
I
!
87.2 ;
Retail..
1929 = 100..
83.3
74.6!
78.1
86.0 |
89.6
9 1 . 6 ! 105.4 |
84.6
83.8:
88.2
Wholesale
....1929=10084.0 76.9 j
79.7
82.1 I
83.5
83.4!
83.3!
82.4
83.01
83.6 i
84.1
Miscellaneous:
i
I
i
3
3
Banks, brokerage houses, etc.*!.1929=100(3)
97.7
98.3
99.0
99.4 9 9 . 6 !
99.3
99.2
99.4
()
()
(3)
(3)
Dyeing and cleaning *!
..1929=100..
80.5 76.6 !
76.8 81.9 81.6 76.1 j
70.5 68.1
68.1
72.4 79.9
84.3
84.9
Hotels
1929=100..
86.3
75.6;
77.1
78.7
77.0
75.8
77.6
81.5
84.8?
86.4
86.7
85.7
862
Laundries*!
1929=10084.6
79.5!
81.1
82.6
81.3 78.4 j
78.41
78.5
78.4!
79.2
80.5
82.1
84.0
Miscellaneous data:
!
i
1
Construction employment, Ohio.. 1926=100..
30.5
26.8
29.1
28.3
28.1
29.1 j
27.3 23.6
21.0
20.2;
24.5 31.7
°38.0
Farm employees, hired, average per farm
j
|
number..
.87
.94
.94
1.05
.86
.73 !
.64
.73
.67
.80 j
.80
.92
1.02
Federal and State highway employment,
j
total*
_
_
number.. 549,203 332, 277 : 329, 813 337,973 384,029 420, 069 ! 362, 031 ! 315, 989 308, 090 296, 265 ! 345, 278 466,504
545,013
Construction*.
number.. 380,701 190, 633 171, 576 177,413 212,727 249, 239 j 221,168 | 179, 499 179,125 164, 038 j 209,167 299,133 374,056
Maintenance*
number.. 168,502 141,644 158,237 160,560 171,302 170,830 | 140,863 136,490 126,965 132,227 ! 136, 111 167,371
170,957
Federal civilian employees:
I
United States *
number
591,166 592,490 602,465 613,242 624,1181627,713 627,155 647,759 659,503 680,026 694,968
696,977
Washington
.number
65,991 67,715 69,740 71,054
73,131 j 75,450 78,045 79,913
81,569 83,850
85,939
87,196
Railroad employees, class I
thousands..
1,069 1,0051 1,031 1,047 | 1,042 | 1,014 [
982
982
992 i 1,015 1,033 « 1,061 1,075
0
Revised.
s No-t available.
* For earlier data see the following references: Employment in Baltimore, Milwaukee, Maryland, and Massachusetts, and Federal civilian employment, pp. 18 and 19,
December 1932; employment in banks and brokerage houses, etc., Federal and State highway employment and eniploymant in Chicago, pp. 19 and 20, June 1933; Pittsburgh
employment, p. 18, January 1934. Cleveland employment, p. 19, July 1934.
! For revised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania and Philadelphia, p. 19, September 1933; and for Massachusetts, employment for 1931,1932, and 1933, p. 19, August 1933. Employment in banks, brokerage houses, etc., for 1932, p. 28, January 1934. Employment in laundries and
dyeing and cleaning establishments, p. 20, August, 1934.
29
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
July
1933
j Decem- January FebruOctober NovemAugust September | ber
ary
ber
1934
March
April
May
June
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPJLOYMENT-Continued
Miscellaneous data— Continued.
Trades-union members employed:
72
76
72
74
76
69
71 !
73
75
°72
69
75
71
All trades
percent of total—
42
34
43
37
42
33
38
45
45
43
37
38
45
Building trades*
percent of total-72
64
64
75
61
64
55
58
65
66
70
°76
78
Metal trades*
._
percent of total—
82
80
83
78
79
81
83
77
78
81
81
82
83
Printing trades*
percent of total-84
82
84
84
83
84
81
78
80
81
79
80
81
All other trades*
percent of total—
52
50
52
49
51
53
52
48
49
49
53
M8
49
On full time, all trades.. .percent of total—
LABOR CONDITIONS
Hours of work per week in factories:*!
38.2
33.8
36.1
42.9
36.3
36.1
35.5
33.8
35.5
34.1
34.3
36.4
35.4
Actual, average per wage earner
hours. .
Labor disputes: t §
°52
39
"84
«
30
54
«
m
°99
-125
-98
31
«81
145
Disputes
.
number—
0
a
a
404,993 °574, 545 789, 553 1,091,023 "2,280,164 "2,343,767
2, 490, 269
1,505,40$ 01,570,512 "3,873,662 "3,659,502 "1,298,113
Man-days lost
number —
a
53, 844 * 163, 682 "101, 146 a 23, 790 « 13,152
18, 627 37, 700 " 78, 035 a 89, 293
53, 571
30, 618
97, 830
Workers involved
number-Labor turnover (quarterly):*
11.31
22.88
19 79
13.07
Accessions
percent of no on pay roll
Separations:
62
.78
.61
.69
Discharged
percent of no on pay roll
6.31
11.34
6.65
11.00
Laid-off
percent of no of pav roll—
i
4.16
2.18
2.73
2.97
Voluntary quits percent of no. on pay roll-PAY ROLLS
a
59.1
59.4
55.5
67.3
67.1
56.8
54.0
60.6
60.4
50.8
54.5
Factory unadjusted (B.L.S.)*. -1923-25= 100..
64.8
64. 8
77.9
84.6
87.2
92.3
74.1
81.5
85.5
88. 3
84.5
84.9
88.6
89.1
88.1
Chemicals and products ._
1923-25= 100. _
81.0
85.1
94.4
74.4
80.6
95. 8
85.7
86.9
86.6
96. 6
88.0
89.1
96. 1
Chemicals
1923-25=10085.4
92.8
92.4
75.4
81.0
91.0
90.9
92.9
91.8
88.5
90. 3
86.1
Druggists' preparations
1923-25=100 _
92.6
69.8
68.3
83.0
71.2
68.7
70.7
74.5
87.9
71.5
68.8
Paints and varnishes
1923-25=10078.0
77.1
86,3
82.2
81.4
86.0
89.4
89.8
92.0
89.4
90.8
89.5
92.7
95.7
Petroleuni refining
1923-25 = 100. .
93. 1
92.0
213.2
218.9
197.8
221.3
177.3
218.3
191.2
208.1
220.0
220.9
Rayon and products
1923-25=100—
208.6
218.2
200.0
82.1
85.3
94.8
91.
1
84.4
81.1
83.1
87.2
76.8
80.7
95.6
91.
9
Food and products
1923-25=10082.2
90.4
90.2
83.1
90.6
91.4
81.8
88.5
91. 3
95. 3
89.6
Baking .
. .1923-25 =100. . 98.2
96. S
91.8
146.2
153.8
120.5
131.9
160.9
127.7
128.5
167.
0
193.5
130.8
150.
9
182.
5
Beverages
1923-25=100
138.3
72.1
78.2
76.6
66.5
77.7
81.8
78.6
91.4
76.1
82.0
80.7
Slaughtering, meat paeking..l923-25=100—
87.2
75.9
47.5
43.3
41.4
50.0
47.6
41.1
56.8
47.6
45.7
43.7
Iron and steel and products
1923-25=10061.3
62.6
51.3
42.2
41.4
53.1
47.9
59.4
48.0
41.2
46.1
66.1
43.0
Blast furnaces and steel works_1923-25= 100- .
47.9
68.9
52.2
35.4
29.7
33.7
35.9
24.0
34.2
37.6
40.6
33.5
41.5
31.9
Structural and metal work ... 1923-25= 100. _
35.1
42.7
80.8
81.9
74.7
84.2
77.6
75.6
94.5
70.5
86. 9
81.5
71.1
94.1
Tin cans, etc
1923-25=100—
79.7
78.2
77.5
72.4
72.3
60.1
77.2
67.5
81.7
82.1
78.9
Leather and products
1923-25=100—
72.9
84.4
61.1
71.4
77. 1
55. 6
77.7
70.1
64.2
76.2
81.0
81.8
55.7
Boots and shoes
1923-25 =100. .
84.1
77.6
70.5
78.2
78.6
74.3
82.6
79.2
74.8
78. 8
77.9
81.9
78.8
Leather
1923-25=100—
82.0
79.8
83.9
32.4
37.3
33.6
38.1
27.4
27.6
30.5
31.6
33.3
31.0
Lumber and products
_ 1923-25= 100- .
34.6
33. 9
31.9
43.9
52.8
45.0
36.0
55.0
35.3
40.5
39.3
40.1
40.3
40.5
Furniture
1923-25=100—
41.2
41.1
24.1
22.1
23.8
22.7
23.5
22.0
19.7
21.7
Millwork.
1923-25=10024.6
24.1
23.1
25.3
23.2
23.2
20.1
21.8
17.4
17.0
23.3
19.1
20.0
22.5
Sawmills
. .1923-25 =100- - 20.9
24.2
23.2
20.7
43.3
34.2
36.3
45.3
48.3
50.4
51.7
50.3
48.9
51.4
Turpentine and rosin.
1923-25 = 10053.7
51.0
46.2
46.6
50.2
43.5
50.2
39.1
47.6
51.8
Machinery
1923-25=100..
58.1
49. 1
62.2
60. 5
61.6
55.8
37.0
41.6
47.4
33.0
53.6
65.2
70.2
59.8
75.7
Agricultural implements
1923-25 = 100. .
93.6
87.2
76. 1
78.2
37.5
39.7
41.3
41.5
38.2
35.8
40.9
Electrical machinery, etc
1923-25=100—
49.8
39.8
47.8
49.9
51.8
43.8
Foundry and machine shop products
41.3
41.9
45.4
35.3
39.9
43.3
41.3
54.4
41.3
1923-25 = 10051.1
56.8
49.9
55.5
104.1
142. 8
150.5
84.2
114.4
63.5
128.4
95.1
96.5
108.9
Radios and phonographs
1923-25=100112. 4
117.4
101.5
51.6
52.4
43.1
53.8
52.2
48.3
50.2
Metals, nonferrous__
1923-25=10054.1
47.1
58.9
60.6
57.9
56.8
59.5
62.2
53.1
60. 1
50.4
59.2
50.9
Aluminuni manufactures
1923-25 = 100. .
58.5
61.1
67.0
63.5
64.2
59.1
54.0
49.4
52.5
51.4
54.4
48.8
48.3
52.9
49.0
Brass, bronze, copper prod... 1923-25 =10062.1
59,8
58.4
56.3
62.7
63.6
66.2
54.0
72.9
62.3
66.6
56.8
60.9
Stamped and enamel ware___1923-25=100—
80.8
80.1
83.6
75.8
74.7
76.0
67.9
77.2
74.3
Paper and printing.
1923-25=100..
77.3
71.0
75.6
76.0
79.7
80.6
78.9
77.7
77.6
68.3
76.2
77.5
72.4
76.4
Paper and pulp
1923-25=100
77.1
71.9
71.3
81.3
78.5
79.8
78.6
45.3
48.9
40.0
42.1
Railroad repair shops .
1923-25=100
51.1
46.1
45.9
45.6
44.7
53.0
53.8
53.8
48.5
53.0
54.2
53.4
56.2
55.4
58.8
52.9
56.4
Electric railroads
1923-25=100
56.8
59.2
59.4
59.6
58.6
44.8
39.1
41.2
Steam railroads
1923-25= 100..
50.6
48.6
45.5
45.5
43.8
44.9
52.7
53.5
53.5
47.7
61.4
60.4
65.2
61.9
62.9
Rubber products
1923-25=100
58.3
61.9
59.0
58.7
73.4
70.3
66.5
70.5
50.4
55. 9
Rubber tires and tubes
1923-25=100—
55.9
53.3
49.7
44.8
47.3
48.6
57.9
64. 5
67.6
61.1
63.4
33.5
36.1
Stone, clay, and glass products— 1923-25= 100—
29.9
33.6
33.9
31.8
29.9
33.3
31.0
38.8
39. 5
38.8
34.7
16.5
Brick, tile, and terra cotta.... 1923-25= 100..
17.0
17.4
15.5
14.9
12.2
13.1
13.6
16.4
12.7
18.1
19.3
13.7
25.8
Cement
1923-25=100..
39.1
27.8
22.5
32.0
24.7
23.0
19.4
19.1
30.6
39.9
24.1
35.8
62.2
69.5
Glass
1923-25=100
53.8
59.6
63.0
73.5
63.5
64.4
65.3
80.8
73.4
75.8
74.6
Textiles and products.
1923-25=100
62.5
64.4
78.7
77.4
77.9
74.1
69.7
74. 1
64.8
79.8
64.0
*0 66. 4
82.6
Fabrics
..1923-25^10064.4
69.2
77.6
79.2
73.2
78.3
77.5
67.0
66. 9
68.6
79.3
74.9
80.8
Wearing apparel.1923-25=100..
55.3
75.9
50.9
58.6
72.3
59.5
72.7
56.6
68.1
61.7
51.2
7G. 1
81.4
Tobacco manufactures
1923-25= 100. .
48.2
47.3
43.6
51.2
45.5
44.5
50.1
39.8
46.5
46.2
47.5
46.3
45.8
48.2
65.4
Transportation equipment
1923-25= 100. _
38.6
43.5
49.7
43.3
72.0
52.7
92.2
43.7
« 78. 1
88.0
84.5
53.1
Automobiles
1923-25=10070.7
48.8
46.1
39.6
82.3
55.7
58.3
100.4
« 85. 8
46.0
107. 4
98. 1
23.1
Cars, electric and steam
1923-25 = 100—
36.4
46.3
18. 1
24.2
24.4
24.2
26.0
27.2
53. 1
43.0
47.3
39.7
Shipbuilding
1923-25-100
45.9
36.2
55. 6
49.0
40.0
46.8
48.2
47.5
49.4
60.2
53.9
60.0
52.4
Factory by cities:
Baltimore *
1929-31 = 10075.2
68.8
°55. 6
65. 4
67.5
65. 1
61.4
65.9
63.1
75.3
77.6
76.6
70.6
Chicago *
1925-27—100
35.2
39.9
45.8
39.4
39.5
37.5
40.5
37.3
38.9
42.0
45.5
41.4
44.6
Milwaukee *
1925-27—100
51.8
61.8
53.4
47.7
52.0
51.5
53.6
49.8
51.7
59.7
64.8
65.8
58.6
New York *
1925-27—100
57.3
55.3
47.4
55.9
50.5
53.6
53.2
57.4
53.7
56.2
60.9
59.2
62.1
59.4
Philadelphia*! --1923-25-100
61.3
63.1
59.8
48.0
54.8
57.2
54.4
58.7
62.5
61.4
61.3
61.9
Pittsburgh *
1923-25—100
49.0
50.6
47.6
42.3
52.7
45.7
46.4
46.5
41.9
55.2
65.4
65.4
52.7
Factory, by States:
71.2
Delaware t
1923-25=10067.7
66.0
63.4
64.9
67.7
65.5
68.3
66.5
69.5
71.4
68.7
69.0
Illinois
..1925-27=10048.0
37.9
43.0
43.2
42.6
43.0
40.3
40.5
40.5
46.8
49.9
49.1
45.2
M ar viand *
1929-31 = 100
76.9
°60. 1
73.8
67.9
73.0
69.5
67.4
70.3
64.8
78.7
79. 9
78.9
74.5
Massachusetts *t-.1925-27=100..
59.4
54.3
53.0
59.4
57.3
55. 7
52.8
53.1
58.8
55.0
60.7
59.6
60.6
54.4
New Jersey!
1923-25=10063.1
60.0
61.6
58.4
57.5
62.0
61.2
61.3
62.7
64.5
64. 7
61.9
New York__
.
1925-27=100
54.1
55.0
55.7
48.0
51.0
51.8
51.3
51.8
54.7
59.0
58.2
57.0
58.3
Pennsylvania f
1923-25= 10055.5
45.7
53.2
53.6
52.4
55.3
52.4
50.6
46.7
58.7
61.3
61.9
56.8
Wisconsin
1925-27=100-.
62.1
49.2
53.8
53.3
55.3
52.3
54.4
50.1
50.5
69.6
64.0
63.9
58.9
Nonmanufacturing (Department of Labor):
Mining:
Anthracite.
..1929=100..
38.2
42.3
46.6
60.7
61.6
47.8
73.2
44.3
65.8
82.4
51.7
64.0
53.3
Bituminous coal
1929—100
44.1
44.1
33.6
49.7
43.3
50.7
54.6
50.8
51.3
51.4
54.4
55. 1
58.9
Metalliferous
1929—100
19.0
25.1
21.9
23.9
25.9
26.2
25.6
25.4
26.0
27.2
25.9
26.7
25.6
Petroleum, crude production. _ _ 1929 =100. .
42.2
44.4
42.5
60.0
50.1
50.3
53.2
50.5
53.0
53.4
56. 9
56.4
52.5
Quarrying and nonmetallic
1929 = 100—
28.4
31.2
29.9
29.3
35.0
28.3
24.4
21.3
21.0
24.1
37.0
29.9
35.0
« Revised.
* For earlier data on the following subjects refer to th e indicateid pages o f the mon thly issue s as follo\v^s: Trade s-union nlembers e mployed, p. 18, De cember 1()32; hours
of work and labor turnover rates, p. 20, October1932; pay rolls, Bal timore, p. 18, Deceiiiber 1932 pay rolls Chicago p. 20, Ju ae 1933; p ay rolls, IVlilwaukc e, p. 18, 1December
1932; pay rolls, New York, p. 20, June 1933; pay rolls, Phil adelphia, p. 18, Decmember 19 32; pay ro Is, Pittsb urgh, p. 1 3, Januaryf 1934; pa y rolls, M aryland a nd Massiichusetts
n IS. Dp.f'p.mhp.r 1939
Data rm fanf.nrv nav-rnl
in Havoc
in n o 1QQ/1
1O
T-i-iliT 1 OQ.4
t Revised series. For revisions on the following subjects refer to the indicated pages of tne monthly issues as follows: Labor disputes for 1932, p. 29, July 1933; pay rolls,
Philadelphia and Delaware, p. 19, September 1933; pay rolls, Massachusetts, for 1931, 1932, and 1933, p. 19, Aueust 1933; pay rolls, New Jersey and Pennsylvania, p 19,
September 1933. Hours of work per week in factories revised for 1933, for data not shown above see p. 20 of the July 1934 issue.
§ Data for 1933 revised; disputes, Jan. 32, Feb. 35, Mar. 39, Apr. 47, May 50, June 52; man-days lost, Jan. 251,829, Feb. 113,215, Mar. 348,459 Apr 551 930, May 664 689,
http://fraser.stlouisfed.org/
June 576,535; workers involved, Jan. 8,875, Feb. 6,915, Mar. 13,081 Apr. 20,302, May 19,097, June 28,048.
Federal Reserve Bank of St. Louis
30
SURVEY OF CURRENT BUSINESS
ti December 1931,
footnotes and refer data, may be found
ement to the Survey
1934
September 1934
1933
July
July
August S»
1934
Decem- January FebruOctober November
ber
ary
March
April
May
June
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS— Continued
Nonmanufacturing (Department of Labor)— Con.
Public utilities:
Electric railroads
1929 = 100..
Power and light
1929 = 100
Telephone and telegraph
..1929 = 100..
Trade:
Retail
1929=100 .
Wholesale
1929=100
Miscellaneous:
Banks, brokerage houses, etc.*!_1929=100__
D y eing and cleaning * !
1929 = 100
Hotels
... .1929 = 100..
Laundries*!
1929=100
WAGES— EARNINGS ANO RATES
Factory, weekly earnings (25 industries):*!
All wage earners __ . _
dollars. _
Male:
Skilled and semiskilled
.dollars
Unskilled.
dollars..
Female
dollars
All wage earners
.1923=100..
Male:
Skilled and semiskilled
.1923 = 100..
Unskilled
1923 = 100
Female
_.. 1923 =100. .
Factory, av. hourly earnings (25 industries):*!
All wage earners
. - dollars
Male:
Skilled and semiskilled
dollars..
Unskilled
.dollars
Female
dollars..
Factory, weekly earnings, by 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.Rj.-.&ol. per hour..
Skilled labor (E.N.R.)
dol. per hour
Farm wages, without board (quarterly)
dol. per month..
Railroads, wages _
dol. per hour..
Road-building wages, common labor:#1[
United States
_
dol. per hour
East North Central
dol. per hour
East South Central
-dol. per hour
Middle Atlantic
dol. per hour..
Mountain States
dol. per hour
New England
dol. per hour
Pacific States
dol. per hour
South Atlantic
_dol. per hour
West North Central
dol. per hour.
West South Central
dol. per hour
Steel industry:
U.S. Steel Corporation
dol. per hour..
Youngstown district
percent base scale..
63.8
81 1
72.3
57.4
70 0
66.7
58.2
70 9
66.1
57 8
71 8
64.6
59.8
76 2
67.0
59 4
74 5
67.7
59 6
74 4
67.7
59 2
73 8
69.0
60 1
74 4
67.9
62 2
75 6
70.4
62 9
76 8
68.8
63 0
77 6
71.4
63 2
77 8
71.3
69.5
67 6
58. 1
59 1
62.7
60 8
69 2
62 3
72 3
66 0
72 6
64 1
80 3
64 5
68 8
63 9
67 7
64 6
69 5
65 7
71 5
66 8
71 8
66 3
71 6
66 5
58 9
65.6
68.2
84.8
50 0
53.3
58 7
84.4
50 0
54.0
60 3
84.5
57 1
55 6
63 5
84.7
57 4
56 2
62 5
86.1
52 5
55 2
60 7
87.4
47 3
57 6
61 1
88.1
46 8
60 8
61 7
87
46
65
61
0
3
2
7
51 7
66 6
62 7
60 8
66 5
64 4
65 1
65 9
66 9
64 1
60 2
68 3
19. 92
19.34
19.34
19.41
19.50
18 44
18 57
18 89
19 81
20 49
21 00
20 79
o OQ 70
22.37
16.47
14 36
74. 9
22.27
16.48
12 99
72.7
22.26
16.14
13 91
72.7
22 05
16.04
14 31
72 9
22 35
16. 34
14 31
73.3
21 05
14.87
13 74
69 3
21 10
15. 27
13 48
69 8
21 44
15.74
13 43
71 0
22 28
16.42
14 85
74 4
22 87
16.95
14 63
77 0
23 46
17.41
14 71
78 9
93 95
16.88
14 63
78 1
a 93 9->
72.6
73 9
83.3
72.3
74 0
75 3
72.2
72 4
80. 7
71 6
72 0
83 0
72.5
73 3
83 0
68.3
66 7
79 7
68 5
68 5
78 2
69 6
70 6
77 9
72 3
73 7
86 1
74 3
76 1
84 9
76 2
78 1
85 3
75 5
7^ 8
84 9
75 4
.587
.456
.507
536
.542
546
550
551
558
561
579
586
586
. 649
.484
.429
.515
.374
.304
.566
.412
.366
.593
439
.401
.598
.444
.404
.604
.445
.404
.609
450
.407
.608
456
.411
.614
459
.415
.615
465
.419
.633
479
.425
.646
486
.428
.648
480
. 429
77 1
72 6
75.2
85 3
79.8
74 4
69.3
78 7
67 1
76.7
85 4
77 2
68 8
61 9
72 3
67 8
78.1
84 7
77.6
74 9
66.2
72
66
79
83
79
72
64
4
6
0
3
0
2
8
74 6
67 3
77.5
84 5
77 8
73 9
66 6
72 8
65.6
76.2
85 0
76.8
71 5
64.5
75
66
71
84
77
71
63
1
7
2
7
4
5
3
74 6
68 4
72 5
83 3
78*7
69 6
64 1
76
70
75
85
78
73
68
6
5
3
7
6
5
1
75 94
71
76 4
85 4
80 8
76 7
72 1
75 8
72 1
75 9
86 7
80 6
78*2
72 2
75
73
75
87
80
82
74
76
74
74
87
80
81
74
.530
1. 10
.443
.99
.443
.99
.452
1 02
.506
1 03
.510
1 04
.520
1 06
.516
1 05
.527
1 06
.527
1 07
.534
1 08
.534
1 10
.608
.597
25.89
606
.603
.613
24.90
616
612
631
26 88
609
610
600
37
43
20
.36
44
38
52
25
.36
28
.37
43
20
.37
44
.40
55
25
.37
29
.38
45
21
.38
45
.40
57
24
.37
30
38
45
23
39
47
39
58
25
38
31
37
45
23
41
48
40
58
21
38
29
37
46
42
49
41
57
23
36
32
42
50
30
42
55
44
57
31
41
35
43
51
30
41
55
46
57
31
41
35
43
51
30
41
55
44
57
31
43
35
.440
101.5
.440
101.5
.440
101.5
.440
101.5
.440
101.5
.440
101.5
.440
101.5
.485
101.5
.485
101.5
569
.42
50
30
.41
56
.43
58
.32
.43
34
.34
41
.20
.35
.44
.35
51
.22
.35
27
.485
101.5
.440
101. 5
.35
42
.20
.35
43
.37
50
.23
. 35
28
.440
101.5
3
6
8
3
7
6
0
« 17.04
14 58
77 8
S4 t)
'i
1
3
0
2
3
3
.534
1 10
27 29
43
51
' 30
41
43
57
31
'42
35
. 485
101. 5
FINANCE
BANKING
Acceptances and com'l paper outstanding:
Bankers' acceptances, total
mills, of dol._
Held by Federal Reserve banks:
For own account .
_ mills, of dol
For foreign correspondents.mills. of dol..
Held by group of accepting banks, total
mills, of dol._
Own bills
mills, of dol
Purchased bills
mills, of dol
Held by others
mills of dol
Com'l paper outstanding
mills, of dol..
Agricultural loans outstanding:
Farm mortgages:
Federal land banks
mills, of doL.
Joint stock land banks
mills, of doL.
Laud bank commissioner*. ..mills, of dol._
Loans and discounts of Federal intermediate credit banks
mills, of dol
Other loans:
Agr marketing act*
mills of dol
Banks for cooperatives, inch Central
Bank*
mills, of dol
Emergency crop loan*
mills, of doL.
Prod. cred. ass'ns*
thous. of dol._
Regional ag. credit corp.*
mills, of dol..
516
738
694
715
737
758
764
771
750
685
613
1
1
31
18
127
4
105
4
56
5
23
5
3
534
1
37
40
1
41
4
3
472
222
250
42
168
552
248
304
147
97
499
252
247
154
107
517
236
282
156
123
592
271
321
112
130
599
273
326
138
133
442
223
219
190
109
567
255
312
95
108
581
266
315
108
117
576
252
324
81
133
536
236
299
70
139
507
226
231
59
141
480
220
260
53
151
1,690
306
430
1, 101
42€
1
1, 104
416
2
1,110
413
6
1,126
408
16
1,156
401
. 34
1,214
392
71
1,288
381
120
1,371
370
174
1,458
349
'238
1,484
345
259
1,549
335
311
1,631
320
379
198
202
21
91
49, 820
129
89
107
127
133
141
149
150
148
156
172
191
461
329
321
319
317
168
167
167
165
154
150
139
136
135
154"
158"
155"
7
110
2
147
11
94
6
143
19
90
27
145
15
81
157
145
15
73
665
146
16
68
4,409
145
17
84
14, 392
145
19
90
28, 117
143
21
91
38, 518
138
3 Not available,
« Revised.
* New series. For earlier data on the follov/ing subje cts refer t o the ind cated pa^. es of the monthly i ssues, as follows: Pay rolls, r>anks, bro kerage ho uses, etc. June 19,
1933; factory weekly earnings, p. 20, October 1932; factory hourly earnings, p. 18, December 1932; weekly earnings, Massachusetts, p. 18, December 1932; construction wage
rates, p. 19, September 1933. Data on additional series of agricultural loans outstanding will be shown in a subsequent issue.
! Revised series. For revisions on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls of banks, brokerage houses, etc., for 1932,
p. 29, January 1934; Massachusetts weekly earnings for 1931, 1932, and 1933, p. 19, August 1933 issue; pay rolls in laundries and dyeing and cleaning establishments, p. 20,
August 1934; factory weekly and hourly earnings revised for 1933; for data not shown above see p. 20 of the July 1934 issue.
# Beginning with March 1932 method of computing rates was changed.
\ Increase in wage rates during March was due to provisions of title I, sec. 204, par. 2, item C of the National Recovery Act, which required State highway departments
to fix minimum wage scales.
§ Construction wage rates as of August 1, 1934, common labor $0.530, skilled labor $1.11.
SUEVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1933
1934
July
July
Decem- January FebruOctober NovemAugust September
ber
ber
ary
31
1934
March
April
May
June
FINANCE—Continued
BANKING— Continued
27, 752 31 232 25 451 24 555 26 307 24 131 26 301
29 685 31 231 28 757
30 142
Bank debits total
mills, of dol
27 221 25 015
14, 652
15, 388
New York City
.mills, of dol__ 13, 842
12, 340
15, 608
17, 354
13, 076
13, 280
12, 204
13,013
16, 953
14, 023
13, 231
13,910
14, 105
14, 754
12, 375
14, 077
Outside New York City
mills, of doL.
12, 215 13, 027
11,927
13, 288
11, 784
14, 278
13, 878
13, 198
Brokers' loans:
Reported by New York Stock Exchange
923
1,016
1,082
mills, of dol._
916
917
845
981
897
776
938
1,088
789
903
3.00
3.00
2.74
2.55
2.67
3. 14
Ratio to market value
percent..
2.80
2.50
2.58
2.43
2.42
2.99
2.56
By reporting New York member banks
885
915
1,017
mills, of doL.
881
886
806
720
837
858
974
876
749
888
Federal Reserve banks:
Acceptance holdings. (See Acceptances.)
8,161
8,028
8, 1 75
6,442
6,607
6,735
7 041
7 309
7,669
Assets total
mills of dol
6 889
6 865
7 953
6 989
Reserve bank credit outstanding
2,462
2,463
2,472
2,421
2,688
2,297
2,549
2, 545
mills, of dol._
2,209
2, 630
2, 567
2,581
2,485
5
5
5
133
62
29
Bills bought,..
mills, of doL.
7
7
24
111
9
9
22
31
25
54
98
64
153
167
128
116
119
Bills discounted
mills, of dol
83
39
2, 432
2,430
2,432
2,421
2,432
2,437
2,432
2,028
2,129
2,277
2,447
United States securities
mills, of doL.
2,434
2,431
4, 899
3,794
5, 022
3,793
3,820
3,805
3,817
3,778
3,792
4,140
4.537
Reserves, total§
mills, of dol_. 5,154
4,843
4, 930
4,683
4,808
3 569
3 548
3,588
3 591
3,591
4 336
3 573
3 557
3 931
4 303
Gold reserves
mills of dol
8,161
8,028
8, 175
7,041
6,442
6, 607
6,865
7, 669
Liabilities, total
mills, of dol_.
6,735
6,889
6,989
7,309
7,953
4, 295
4,023
4, 138
2,544
2,748
3,982
2,796
2,865
3, 265
3, 653
Deposits, total
mills, of dol__
2,675
2,885
3,035
4, 029
3, 746
3, 840
2,294
2,438
2,573
2,652
3,093
Member bank reserves
mills, of dol..
2,409
2,685
2,729
3, 457
3, 599
3,077
3, 069
3, 101
3,012
3,002
2,988
2,966
3,030
3,080
3,038
3,060
Notes in circulation
mills, of dol..
2,926
2,980
69.9
69. 1
694
66.2
67.4
67.8
68.3
65.2
64.8
63.8
66.3
68.8
63.6
Reserve ratio
percent .
Federal Reserve member banks: *
Deposits:
12, 745
12, 426
12, 504
10,952
10,653
11,794
10, 427
10, 505
12, 221
10, 475
11,398
Net demand
mills, of dol
10, 751
11, 118
4, 455
4. 501
4,508
4,410
4,351
4, 533
4,501
4,470
4,419
4, 454
4,367
4,370
Time
. IT ills, of dol . 4,488
9, 889
9, 280
9,723
8,074
7,989
8. 200
8,772
Investments
mills, of dol
8 Oil
8,156
8 104
9,215
9 311
9 326
7,873
8, 026
8, 014
8, MS
8, 533
8,540
8,593
8,385
8,546
8, 349
8, 185
8,136
Loans, total
mills, of do]..
8,161
3,358
3, 476
3, 529
3,604
3,772
3, 766
3,514
3, 687
3,620
3, 509
3, 520
3,577
On securities
mllis. of dol..
3, 609
4,515
4,550
4,485
4,767
4,853
4,765
4,647
4,774
4,989
4, 665
4,559
All other loans
mills of dol
4 999
4,740
Interest rates and yield on securities:
1
3
1 1
1
H-H
Acceptances, bankers" prime
percent..
^-H
Ys-lA
H
/i-M
A
H
K-K
A- A
H-H
fc-H
A
K
Bond yields. (See Bonds).
1.00
1.00
1.00
.94
.98
.75
.75
1.00
1.00
.75
1.00
1.00
1.00
Call loans, renewal
percent..
1
H-i IM-IH
%-l
Coin'l paper, prime (4-8 mos.)
percent..
1H
1-1 H
i-iM
IX 1M-1H iM-i^ 1M-1K
W
1.50
1.50
i.r>o
2.50
'2.00
1.50
2.50
2.50
'2.00
'2.00
1.50
Discount rate, N.Y.F.R. Bank
percent. .
'2.00
•1.50
5.00
5. 00
5. 00
5.00
5.00
5.00
5.58
5.00
5.00
5.00
5.00
5.00
Federal land bank loans
percent.5.00
2.00
2.26
«
2. 00
2.96
2.74
3.13
3.13
Intermediate credit bank
loans
percent. _
3. 10
3.13
3.04
2.98
2.50
3.00
Real estate boiid*^ Ion**1 term
percent
Stocks yields. (See Stocks.)
X-i
M--1
M-l
Time loans, 90 days
percent..
%-l
M-iM
1-1M
•K-i
M-i
*H*
H~1A
1-1 M
M-i
yrK
Savings deposits:
5,114
5, 090
5, 134
5, 061
5,079
5,067
5,076
5, 122
5,085
5,029
5,097
New York State
mills, of dol
5,059
5,049
U.S. Postal Savings:
Balance to credit of depositors
thous. of dol.. 1.190,712 1,176,669 1,177,667 1,180,668 1,188,871 1,198,656 1,208,847 1,200,771 1,200,023 "1,199,983 1,197,485 "1,196,881 1, 198,222
738, 318
Balance on deposit in banks .thous. of dol.. 670, 182 960, 170 947, 822 937, 409 918, 644 910, 133 914, 235 902, 225 883, 705 856, 323 806,163 •730, 051
IX-VA
FAILURES
Commercial failures:
977
1, 033
1,132
1,116
1,206
1,472
1,421
1,364
1,102
1,052
1,237
Total
number
912
1,049
99
95
112
106
100
102
114
115
118
85
106
120
Agents and brokers
number..
98
246
279
314
258
248
273
295
301
281
325
Manufacturers, total
number..
357
311
235
7
4
13
6
6
Chemicals, drugs, and paints.. number __
7
13
6
6
25
7
4
32
27
46
23
42
33
30
23
Foodstuffs and tobacco
number..
20
31
23
32
23
7
11
11
12
4
13
13
9
7
Leather and manufactures
number..
13
19
11
26
28
34
36
24
Lumber
_ . _
number..
27
40
36
30
42
37
37
26
38
39
43
38
Metal? and machinery.. _
.number..
31
25
33
25
«45
49
10
22
16
27
16
10
18
13
17
Printing and engraving
number..
20
9
20
10
5
11
11
9
12
13
19
16
17
20
17
Stone clay and glass
number
17
27
47
32
34
29
22
26
19
15
29
Textiles
. - number
42
30
40
0
101
88
117
105
125
121
92
113
119
123
105
Miscellaneous.
number..
81
126
632
659
774
728
820
951
716
695
669
780
1,001
976
Traders total
number
579
11
14
11
14
8
5
7
10
18
12
Books and paper..
number .
18
10
« 19
64
57
80
78
59
Chemicals, drugs, and paints. .number..
63
H7
62
68
68
58
99
100
109
91
81
212
88
Clothing
number
117
116
104
101
148
115
71
138
250
298
302
264
276
284
319
330
283
Food and tobacco
number..
251
387
364
310
24
22
41
41
34
20
41
25
23
General stores
number. _
20
40
36
35
a
68
64
96
108
131
95
68
134
99
Household furnishings
number..
93
105
125
150
0
106
113
94
124
174
138
129
154
119
93
170
150
Miscellaneous. ...
number
169
22,561
23, 868
25, 787
30, 582 25, 353 27, 200 32, 905
19, 445
27, 228
27, 481 42. 776
21, 847
Liabilities, total
thous. of dol.. 19, 326
3,350
3, 968
4, 331
4.880
5,319
4,116
8,447
5,282
9,096
Agents and brokers
thous. of dol..
4,833
5,529
9,367
5, 655
9,674
9, 581
10, 300
6,786
7,808
8, 658
12, 239
8,850
9,265
Manufacturers, total
thous. of dol..
15, 192
8,282
7,646
5,943
Chemicals, drugs, and paints
62
252
225
14
52
34
831
165
121
267
tbous. of doL.
309
89
650
331
344
184
489
207
378
493
573
380
Foodstuffs and tobacco
thous. of dol..
146
764
228
279
178
468
86
164
339
14
576
405
195
138
151
Leather and manufactures thous. of dol..
35
559
1, 579
1,412
1, 638
2, 102
1,170
2,600
Lumber
thous. of dol_.
2, 652
993
1,095
975 0 2, 285
1, 748
991
1, 334
1, 703
1, 372
1,159
3,237
452
1,017
1, 228
284
Metals and machinery
thous. of dol..
766
771
1, 154
2,995
140
412
504
126
568
775
323
508
404
Printing and engraving
thous. of dol..
778
415
213
420
348
194
436
506
487
1,099
192
248
874
503
140
631
Stone, clay, and glass
thous. of dol..
951
1,361
2, 183
601
437
3.i5
1, 123
Textiles
thous of dol
668
343
580
717
689
591
4, 751
3, 197
3,704
3,812
4, 537
2,777
3,707
6,661
4,243
2,059
2, 765 « 2, 339
3, 510
Miscellaneous
thous. of dol..
9, 537
10,319
9,446
10, 168
18, 1 1 1 9,171
10, 108
1 2, 263
13.544
9, 368
13, 285
Traders, total
thous. of dol. . 8,124
18, 217
80
198
31
195
127
217
61
231 !
293
Books and paper
thous. of dol_.
«269
135
320
739 !
167
812
609
792
781
746
750
826
882
598
Chemicals, drugs, paints. .thous. of dol..
870
1,574
1, 044
1,367
894
1,232
1,083
1,042
1,254
Clothing..
.thous. of dol
1.113
1,149
2,271
790
1,401
2,347
3,
875
3,
957
4,424
3,124
4,068
2,854
7,
164
3,222
2.928
3,
859
!
2,
769
Foods and tobacco
thous. of dol..
3,971
6, 757
175
317
278
224
457
371
218
595
540
General stores
thous. of dol..
123
446
420
491
802
1, 091
1,222
1,324
2, 467
2, 146
1,732
2, 334
839 a 2, 444
1. 754
1 , 633
Household furnishings
thous. of dol..
1,910
2, 543
3,267
2,543
2, 720
2,284
1,948
2,145 « 4, 131
4,394
4,840 1 4, 140
4,933
Miscellaneous
thous. of dol..
2,726
a
Revised.
-« Rate
ruut; changed
uuaugeu Mar.
mar. 3,
o, Apr. 7,
/, Oct.
uui. 20,
A/, 1933,
i»oo, and
auu Feb.
.ret). 2,
^> 1934.
lyoi.
* New series. Earlier data for Federal Reserve member banks shown on p. 18 of the January 1934 issue. These data cover 90 cities and supersede the previous data for
101 cities. They are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which discontinued reporting.
§ Figures subsequent to December 1933 represent gold certificates on hand and due from U.S. Treasury, plus redemption fund—Federal Reserve notes. ($35,138,000 on
Feb. 28, $32,748,000, on Mar. 31, $31,400,000 on Apr. 30, $30,000,000 on May 31, $25,724,000 on June 30, and $24,056,000 on July 31, 1934.)
%
32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
September 1934
1934
1933
July i August S» October
F
U
March
January | ®ry "
April
May
i June
FINANCE—Continued
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.
Eailroad
mills, of dol..
Other
mills, of doL.
Policy loans and premium notes
mills, of dol
Insurance written: f
1, 042
Policies and certificates
thousands..
26
Group
thousands. .
7G6
Industrial
thousands. .
250
Ordinary .. .
thousands..
Value, total
thous. of dol._ 094, 259
46, 795
Group
thous. of dol
Industrial
thous. of doL. 202, 256
445, 208
Ordinary
thous. of dol
Premium collections t
.thous. of doL. 252, 072
Annuities
thous. of dol_. 33, 246
8, 885
Group
thous. of doL_
Industrial
thous. of dol__ 54,072
Ordinary
thous. of dol._ 156, 369
(Life Insurance Sales Research Bureau)
Insurance written, ordinary total
498
mills, of dol._
213
Eastern district
mills, of doL_
48
Far Western district
mills, of doL.
60
Southern district
mills, of doL.
177
Western district
..mills, of doL_
Lapse rates
- - 1925-26 =-- 100_ .
MONETARY STATISTICS
Foreign exchange rates: #
f>. 336
Argentina
dol. per gold peso..
.234
Belgium
dol. per belga_.
.08!
Brazil
dol. per milreis
1. 012
Canada
_.dol. per Canadian dol...
.103
Chile
.-dol. per peso..
5.04
England
dol. per £..
. 056
France
dol. per franc. .
.385
Germany
dol. per reichsmark__
.379
Inrh'a
dol. per rupee..
.086
Italv
dol. per lira
.298
Japan
dol. per yen.,
. 678
Netherlands
dol. per florin
Spain
dol. per peseta..
. 133
.260
Sweden
- -- dol. per krona..
Uruginy
dol. per peso
80!
Gold and money:
Gold:
7, 893
Monetary stocks, U.S
mills, of doL.
Movement, foreign:
Net release from earmark, thous. of dol..
611
K\ ports
thous. of dol
114
Imports
thous. of dol
53, 330
Net gold imports, including gold released
from earmark ° *
thous. of doL. 53, 827
Production, Rand
__ fine ounces
876, 000
Receipts at mint, domestic fine ounces _ - 141,910
Money in circulation, total
mills, of dol._
5, 350
Silver:
Exports
__ .thous. of dol
1 , 789
1,590
Imports
thous. of doLPrice at New York
dol. per fine oz
.463
Production, estimated, world (85 percent of
total)
_
thous. of fine oz-_ 11,488
Canada
thous. of fine oz
1,359
6,500
Mexico
thous. of fine oz
United States
thous. of fine oz_.
1, 825
Stocks, refinery, end of month:
United States
thous. of fineoz..
7, 865
Canada
thous. of fine oz_
2,402
NET CORPORATION PROFITS
(Quarterly)
Profits, total t
mills, of dol. .
Industrial and mercantile, total
mills, of dol.
Autos, parts and accessories. .mills, of dol. _
Foods
mills, of dol..
Metals and mining
mills, of dol
Machinery
mills, of dol. _
Oil
mills, of dol..
Steel and railroad equipment
mills, of dol
Miscellaneous
mills, of dol
Public utilities!
mills, of dol_.
Railroads, class I
mills, of dol
Telephones
mills, of dol__
b
17, 107
5,876
1,311
4,565
17, 134
5,837
1,300
4,537
17, 162
5,794
1,286
4,508
17, 212
5,747
1,266
4,481
17, 250
5,700
1,248
4,452
17, 217
5,649
1,234
4,415
17, 299
5,612
1,214
4,398
17, 345
5,568
1,193
4,375
17, 360
5,511
1,164
4,347
17, 417
5,457
4,314
1,143
17, 487
5, 398
1, 124
4,274
6,326
1,522
1,671
2,615
518
6,389
1, 569
1, 681
2,619
620
6,428
1,599
1,689
2, 619
521
6,480
1,650
1,692
2,618
520
6,599
1,762
1,697
2,620
520
6,625
1,835
1,694
2,585
511
6,704
1,891
1,710
2, 589
611
6,763
1,945
1,712
2,588
616
6,794
1,967
1,716
2,584
527
6,868
2, 022
1,719
2,587
540
6 919
2, 047
1 727
2, 5S6
559
2,965
2,957
2 951
1,076
1,156
33
18
802
881
242
257
666, 095 688, 620
24, 437
42, 456
205, 780 229, 545
417,859 434, 638
254,831 223, 281
36, 407
21,900
8, 252
7, 902
54, 025 47, 853
156, 147 145, 626
2,945
2,939
2,948
2,947
2,936
2 924
2 915
2 907
1,082
962
23
33
812
702
246
226
577, 776 657, 362
23, 028 25, 920
180, 105 212, 452
374, 643 418, 990
208, 976 225, 336
17,051 19, 024
7,216
6,842
53,612
52. 939
132, 144 145, 484
1,071
30
772
269
681, 049
41, 483
202, 843
436, 723
214, 682
15, 876
6,909
46, 253
145, 644
1,096
47
773
275
715, 256
55, 693
194, 030
465, 533
324, 877
30, 012
9, 226
113,588
172, 051
1,039
29
766
244
665, 457
32, 673
197, 108
435, 676
249, 884
25, 563
9, 060
59, 051
156, 210
1,015
15
752
248
648, 073
26, 862
196,816
424, 395
224, 676
19, 925
7, 765
51, 121
145, 865
1,228
30
894
304
787, 628
33 241
228, 107
526 280
251 119
1,178
46
841
291
794, 495
62 214
220, 366
511 915
245 099
25, 030
8,255
52, 340
159 474
1 201
34
86.8
299
791,544
40 989
226,013
594 549
244 281
28, 742
8, 250
48.018
159 271
1 132
51
805
270
762, 490
57 81 *?
211,473
493 205
9
46 414
29, 266
7,813
54. 523
l r )4 812
418
167
43
52
156
136
465
194
45
54
172
504
215
50
58
181
548
217
56
67
208
133
472
202
43
53
174
471
203
45
54
169
571
244
55
63
209
125
581
248
55
67
211
5S8
251
56
6.8
213
550
233
58
66
199
118
b 340
233
085
.998
. 101
5.09
066
.397
383
086
.300
673
.136
263
802
fc 344
.234
086
1.002
. 103
5.15
066
.396
388
086
.303
679
.137
266
806
b -340
234
086
1.002
103
5.11
066
395
383
085
.302
679
.137
203
806
b 337
9
34
085
1.008
102
5. 05
066
383
379
086
!299
P
78
.137
200
803
29
CJ57
9^724
54, 012
164 826
483
195
50
56
182
493
207
48
58
ISO
.807
. 195
.079
.945
.084
4.65
. 055
.333
.349
.074
.288
.562
.117
.240
.651
.794
.192
.080
.943
.082
4. 50
. 054
.327
.339
.072
.269
.554
.115
.232
.648
.861
.207
.082
.965
.087
4.66
.058
.354
.350
.078
.273
599
.124
.241
702
.861
.207
.085
.976
.089
4.67
.058
.354
.350
.078
.278
.600
.124
.241
.708
.920
.223
.086
1.012
.101
5.15
.063
.382
.383
. 084
.304
.646
.131
.266
.763
.758
.217
.086
1.006
.096
5.12
.061
.373
.384
.082
.307
.629
.128
.264
.746
4, 319
4,323
4,327
4,324
4,323
4,323
"• 7, 137
7,602
7, 736
7, 759
7. 821
84, 471 79, 467
85, 375 81, 473
0
1,497 1 1, 085
49, 305
58 281
1 544
26, 867
34, 046
1, 696
600
2, 957
2,174
11, 780
10 815
1,687
12, 205 68, 654
4 715
51
1 947 452 622
-837
44
237 380
-1,133
37
54 783
490
1 780
3 r > 362
1,248
6 586
70 991
592 !
-921 -7,442
923, 671 934, 714 901, 799
99, 581 86, 265 105, 985
5,632
5,675 j 5,616
-5,483
908, 888
155, 532
5,656
-463
2,652
898, 468 894, 156
162, 280 184, 622
5,681
5,811
9,438 521,225
907, 641 826 363
116,543 68, 845
5,669
5,339
236, 683
874 112
93, 222
5,368
53, 615
865 822
97, 751
5,366
34, 072
898 414
101,217
5, 355
64, 955
868 129
94, 439
5,341
1 425
1,955
452
1 638
4, 435
442
o 404
5,431
452
a 11 497
963
a
h
.335
.220
.086
.995
. 095
5.05
.062
.376
.380
.083
.301
.636
.130
.260
758
m
4, 323
6
.336
.229
.085
.992
.096
5.03
.065
.389
.379
086
.298
660
.133
260
788
2,572
5,386
.376
7,015
11, 602
.361
3 321
« 3, 494
,384
2,281
4,106
.382
464
« 4, 083
.430
590
4,977
.436
859
3,593
.442
734
2,128
452
665
1,823
459
10, 226
1,227
5,738
1,552
10, 917
1, 747
5 920
1,489
9,676
1 618
4 324
1,918
12,019
1,638
6 661
1,781
11,317
1,474
6, 033
1, 863
10, 083
1, 131
5 391
1,562
11,361
1,368
6 000
2,025
10 494
1 351
5 413
1 903
10 238
1 085
4 495
2*791
12, 968 a 12 697
1 015
1 543
7 822 a 7 Q65
2 389
2 ?03
8, 215
2,028
3,665
2,340
3, 537
1 862
5, 669
1 909
5,638
1,744
5,274
1,758
7,275
2 055
8,919
2 389
10, 645
2 141
11,865
2 423
415.6
;
309. 2
315 2
128 9
42.5
26.2
7 6
1.8
17.8
1
\
72.5
<*6. 1
20.5
9 0
1.6
18.7
94 8
31 8
20.7
9 2
31
2.8
d
d
47
37.7
52.3
186 2
48.2
i
10 1
38. 9
56.9
132 6
47.2
7,174
2 449
a § 461
2 312
« 7, 907
2 630
d
i
10 9
38.1
59 1
112 2
49.1
Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the Mar. 1934 issue.
* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issues, net gold imports.
t Revised series. For earlier data see pp. 18 and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections, and
p. 19 of the July 1934 issue, corporation profits.
#0 Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.
Or exports (-).
d
Deficit.
m
Decision of Treasury and Federal Reserve to omit gold coin from circulation figures as of Jan. 31, at which time it was carried as $287,000,000, is not reflected in the
January total, which is the daily average figure for the month. Large increase in February total resulted from revaluation of the dollar to 59,06 percent of its former gold
content.
SUEVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1031,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
33
1933
1
1934
j O ptnhpr 1 Novem- Decem- January FebruAugust September
| U c t o D e r | ber I ber
ary
j July
March
April
26, 158
26, 118
May
June
FINANCE— Continued
PUBLIC FINANCE (FEDERAL)
Debt, gross, end of month
mills, of dol— 27, 189
Expenditures, total (incL emergency) tf
thous. of dol.- 478 859
Receipts, total........
-thous. of del — 232, 712
Customs
thous. of dol— 19,331
Internal revenue, total
thous. of doL. 195, 592
21 , 709
Income tax
thous of dol
Reconstruction Finance Corporation loans outstanding, end of month :*§
Grand total
__ thous. of dol— 2,714,040
Total section 5 as amended— thous. of dol.. 1,336,592
Bank and trust companies including receivers
thous. of dol— 582, 200
Building and loan assoc
thous. of doL- 36, 893
Insurance companies
thous. of dol._ 32, 619
Mortgage loan companies-thous. of dol-. 184, 790
Railroads, iiicl. receivers- -thous. of doL_ 354, 447
All other under section 5. -thous. of dol — 145, 643
Total emergency relief and construction act
571, 964
as amended
thous. of dol
Self-liquidating projects thous. of dol.. 96, 062
Financing of exports of agricultural surpluses
thous. of dol_- 15, 185
Financing of agricultural commodities,
and livestock
thous of dol— 162, 175
Amounts made available for relief and
work relief
thous. of doL_ 298, 542
Total bank conservation act as amended
thous. of dol— 731, 436
Agricultural adjustment act of 1933
thous of dol
CAPITAL ISSUES
Total, all issues (Commercial and Financial
Chronicle)
.
thous. of dol— 373, 362
Domestic, total
_thous. of dol— 373, 362
Foreign, total
thous. of dol—
0
Corporate, total
_thous. of dol— 145, 779
1. 569
Industrial
—thous. of dol—
310
Investment trusts
thous, of del—
Land, buildings, etc
thous. of dol—
400
Long-term issues
thous. of dol—
400
0
Apartments and hotels. -thous. of dol—
0
Office and commercial... thous. of dol—
Public utilities
thous. of dol— 43, 500
Railroads
thous. of dol— 100, 000
0
Miscellaneous
thous. of dol—
Farm loan bank issues..
-thous. of dol— 135,000
Municipal, States, etc
thous. of dol— 92, 583
Purpose of issue:
New capital, total
_ thous. of dol— 216, 645
Domestic, total
thous, of dol— 216,645
Corporate
thous. of dol.. 20, 279
Farm loan bank issues. -thous. of dol._ 105, 000
Municipal, State, etc
thous. of dol— 91, 366
0
Foreign
thous. of dol—
Refunding, total
thous. of dol— 156, 717
Corporate
thous. of dol.. 125, 500
Type of security, all issues:
Bonds and notes, total
thous. of dol — 371, 783
Corporate
thous. of dol— 125,500
Stocks
thous. of dol. . 1,579
State and municipals (Bond Buyer):
Permanent (long term)
thous. of dol—
Temporary (short term)
thous. of dol—
SECURITY MARKETS
22, 610
23, 099
23, 051
23, 050
23, 534
23, 814
278, 503
179, Oil
25, 081
131,116
11, 983
320, 577
197, 533
32, 690
163, 158
14, 091
339, 452
333, 252
33, 793
318,988
134, 343
508, 642
272, 747
31,938
164, 148
10, 348
510, 375
219, 493
26, 565
135, 707
17, 783
725, 086
341, 776
24, 994
302, 432
128, 286 !
25,068
26, 052
26, 155
27, 053
997, 022 643, 965 623, 592 =2,983,939 563, 226
749, 347
229,118 / 3,024,210 / 434, 555 / 199, 278 / 246, 801 ,'411,337
21, 041
23, 792
23, 122
26. 306
23, 275
20, 837
153, 364 194, 294
362, 243
182, 405 174, 036 390, 353
23, 776
21, 075
186, 161
15, 850
24, 803 228, 526
j
1,855,242 1, 864,817 1,852,458 1,829,663 1,962,402 2,255,025 Is.saa.rififi I9.fift4.7on 2,665,881 2, 712, 546 2,746,464 2, 883, 599
1,461,563 1,458,184 1,432,249 1,398,178 1,451,067 1,550,110 1,601,786 1,594,667 1, 509, 691 1, 476, 613 1,450,489 1, 436, 191
672, 003
80, 139
68, 022
155, 094
331, 290
155, 010
689, 180
78, 055
68, 241
158, 357
331,102
133, 245
682, 318
75, 604
67, 793
158, 199
331, 755
116, 575
666, 463
72, 192
67, 596
157,101
330, 157
104, 367
689, 391
68, 534
65, 050
160,612
333, 423
134, 057
711,425
68, 237
60, 930
177, 845
337, 080
190,773 |
710, 685
63, 617
57, 383
180, 497
340, 726
248,878
700, 278
60, 141
54, 249
187,610
365, 205
247, 183
657, 379
55, 854
51, 700
181,574
345. 181
23S, 003
627, 460
50, 799
38, 575
188, 008
344, 934
224, 084
344, 716
219, 559
598, 907
40, 442
34, 748
192,150
353, 385
216,560
342, 037
37, 972
347.315
41,801
353, 813
48, 540
362, 135
53, 038
397, 938
60, 020
433, 937
63, 451
514 519
71,746
538, 204
71, 220
556, 223
80, 195
561, 229
82, 666
571, 907
88, 560
612,190
93, 009
613,397
45, 495
35, 929
191,393
1, 493
3,402
3,687
3, 912
4,498
6, 895
9,063
10, 076
11, 073
12, 330
12,752
13, 948
3,195
2,920
2,571
3, 170
34, 405
64, 576
134, 095
157, 896
185, 951
167, 335
172, 034
205, 672
299, 373
299, 193
299,015
299,015
299, 015
299, 015
299,015
299,011
299, 003
298, 898
298, 561
298, 561
51,643
59,320
264, 189
410, 472
465, 130
593, 043
656, 187
704, 036
814, 707
141, 872
17, 582
0
32, 500
77, 591
305, 522
305, 522
0
33, 167
420
0
0
0
0
0
4,000
19, 747
9,000
158, 900
113, 455
122,506
124, 506
9, 420
11,500
101, 586
0
183, 016
23, 747
63, 096
56, 052
110,097
3, 300
3,300
3,300
«162, 600
"162,467
52, 901
52, 901
94, 176
94, 176
59, 363
59, 363
90, 279
90, 279
74, 566
74, 566
0
86, 984
86. 984
146, 879
146, 879
0
90, 243
90, 243
95, 955
86, 730
1,089
14, 050
14, 050
26, 765
22, 903
3,109
3,109
6,511
6,511
16, 150
15, 351
7, 483
5,983
15, 336
3, 366
26, 340
4,609
236, 245
235, 045
1,200
87, 524
5,195
1,500
12, 000
15, 000
6,481
5, 583
76, 746
62, 718
25, 000
95, 540
45, 000
103, 722
47, 775
47, 775
5, 983
0
5,000
41, 399
36, 792
0
0
17,568 ! 42,467
550
1, 500
79, 121
79, 121
13, 058
7, 000
59, 063
97, 276
97, 276
13, 770
3, 000
80, 508
143, 404
143, 404
28, 241
15, 000
100, 164
7, 883
2,308
49, 603
12, 569
92, 841
59, 283
102, 733
102, 733
28, 823
12, 500
61, 110
0
39, 139
2, 958
84, 260
1, 500
5,983
85, 926
15, 366
1,058
142, 270
26, 340
4, 609
231,550
87, 524
4,695
138, 631
28, 510
3, 241
296. 102
23, 747
9,420
l!3,016 « 81, 125
18, 825
39, 393
185,815
59, 399
133
0
0
0
0
7, 000
1, 061
75
35, 000
31, 035
0
0
0
0
0
0
0
0
0
0
38, 852
"117,693
-117,560
52, 760
35, 000
«29,799
133
44, 907
43, 061
45, 600
45, 600
14, 050
"79, 706
13, 061
82, 894
38, 852
37, 831
13,916
0
31, 550
0
0
0
0
0
0
0
3,862
0
30, 000
37, 411
63, 814
63, 814
8,911
18, 000
38, 903
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
550
0
250
58, 254
83, 768
14, 250
44, 166
58, 702
58, 702
3, 109
88, 257
88, 257
6,511
57, 000
57, 000
15, 601
55, 592
81, 746
0
o
0
0
0
0
0
0
0
0
28, 000
54, 759
30, 362
17, 854
0
662
0
14, 050
85, 265
17, 854
8,911
58, 254
3, 109
3, 109
110, 885
16, 858
52, 191
43, 008
90, 391 124, 941 302, 474 -143,567
53, 830 | 21, 376 74, 979
86, 175
0
7,302
0
0
0
2,022
0
83, 843
75
6,436
58, 965
16, 150
15, 601
0
0
0
0
0
0
0
0
8,900
0
0
0
0
0
0
0
0
0
0
0
0
0
250
0
0
•76,433 "105,304
25, 395
59, 341
a
141,872
0
31,781
6. 199
0
0
0
0
0
8,000
B nds
Prices:
«
i
90. 80
90.46
90. 1 7
83,34
86.84
88. 27
89. 79
S3. 00
82, 33
81.36
84. 63
S9. 1."
All listed bonds, (N.Y.S.E.)
dollars-84.43
93. 16
92. 54
92. 32
82. 98
91.09
92. 00
85. 82
84. 70
88.77
90. 12
Domestic issues
dollars
85. 11
88.03
87. 91
80.15
80. 79
81. 57
SO. 89
71.54
72.85
74.67
75.90
78.65
80.43
Foreign issues
dollars. . 79. 59
70. 26
71. 34
Domestic (Dow-Jones) (40)
83. 89
83.42
82.93
62. 14
79.73
84. 12
68. 99
65. 48
71.89
77.85
69.58
percent of par 4% bond..
73. 00
72.67
76.57
76.72
76.07
72. 34
56.50
58. 53
69. 64
59.79
53. 51
63. 83
Industrials (10) . .percent of par 4% bond-- 77. 55
62.02
62.85
Public utilities (10)
91.20
87.37
88. 34
92. 59
75.64
81. 98
71.85
percent of par 4% bond—
70. 37
76.57
7-5. 83
80. 18
79. 63
79. 47
Rails, high grade (10)
1
103. 47
100.50
101.57
79.22
97.46
percent of par 4% bond— 104. 68
85.74
85.47
83.07
89.05
95. 19
88.95
89. 95
Rails, second grade (10)
1
71.45
73.94
71.84
64.41
71.22
percent of par 4% bond —
69.92
62.34
52.77
57.28
71. 97
58. 38
66.32
65.72
99.0
97.0
97. 6
95.1
83.6
Domestic! (Standard Statistics) (60)— dollars—
99. 3
86.5
82.6
88.3
92.9
87.9
89.6
89.9
105. 90
104. 66
105.34
103. 74
U.S. Government (Stand. Stat.)*
dollars.. 106. 47
101. 43
102. 74
103. 51
101. 39
100. 95
103. 51
103. 40
103. 62
66.04
66.54
67.78
86. 78
58.78
61.53
61.47
67.73
70.22
Foreign (N.Y. Trust) (40) .—percent of par59. 50
57. 97
58. 95
Sales on New York Stock Exchange:
260, 507
356, 859 283, 899
Total
thous. of dol. par value.. 263, 750 323, 139 216,818 234, 296 231, 520 298, 989 267, 259 413,391 373, 852 324, 464
64, 643
65, 488
55. 496
47, 980
Liberty-Treas
thous. of dol. par value-- 69, 290
41, 865
70, 264
34, 678
93, 536
23, 606
33, 886
15, 597
20, 498
Value, issues listed on N.Y.S.E.:
43, 554
41,765 42. 408
41,727
42, 010
41,829
41, 761
40, 875
41, 737
Par, all issues
mills, of dol— 43, 964
41, 613
41, 581
40, 812
35, 663
33, 851
34, 504
33, 771
33, 821
33, 792
32, 680
33, 815
33, 775
Domestic issues
mills, of dol— 36, 113
33, 370
32, 538
33, 376
7,890
7, 902
7,915
7,955
8,014
7,969
7,962
8, 195
8,189
Foreign issues
__
. mills, of dol
7, 851
8,237
8,212
8,274
39, 547
37, 781
38, 239
37, 198
34, 861
36, 264
33, 651
34, 180
36, 843
34, 514
Market value, all issues
mills, of dol— 39, 473
34, 458
35, 218
33, 223
31,855
31,325
30, 764
33, 225
28, 778
29, 996
30. 440
Domestic issues
mills of dol
27,681 i 28,085
28, 639
29, 342
28, 645
6,324
8,384
6, 435
6, 456
6,249
Foreign issues
mills, of dol—
6, 083
6^403
5, 970
6, 115
6,268
5, 875
5,877
5,813
« Revised.
* New series. For earlier data see p. 20 of the August 1933 issue, Reconstruction Finance Corporation and p. 20 of the June 1933 issue, U.S. Government bond prices.
§ This excludes the amount outstanding of $435,914,726 on Jan. 31, $478,243,891 on Feb. 28, $486,686,553 on Mar. 31, $486,717,731 on Apr. 30, $487,635,731 on May 31, 1934,
$493,112,904 on June 30, 1934, and $499,251,915 on July 31, 1934, representing payments made to States by the R.F.C. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Administrator.
/ Includes $2,808,221,138 for February, $2,233,252 for March, $409,051 for April, $298,868 for May, $213,447 for June, and $272,163 for July, representing the increment resulting from reduction in weight of gold dollar.
° The figure for expenditures includes $2,000,000,000 exchange stabilization chargeable against increment in gold.
<? Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures
beginning
May 1932 are as follows: 1932, May, $470.444,000; June, $688,121,000; July, $497,681,000; August, $372,767,000; September, $280,639,000; October, $456,692,000; NovemDigitized forber,
FRASER
$282,980,000; December, $838,866,000; 1933, January, $359.509,000; February, $360,341,000; and March, $439,475,000.
34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
September 1934
1933
July
July
1934
Decem- January FebruOctober NovernAugust September
i ber
ary
ber
March
April
May
June
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic t (Standard Statistics) (60) .percentIndustrials (15)
percent-.
Municipals (15) f
_ _ . _ uereent .
Public utilities (15)
percent-.
Railroads (15)
percent. .
Domestic, municipals (Bond Buyer) (20)
percent—
Domestic, U.S. Government:
Treasury bonds (8 issues)*
percent-Treasury notes and certificates (3-6
months)
.. percent--
4. 45
5.10
3. 75
4.47
4.47
5.15
6.16
4.60
4.83
4.97
5.12
6.14
4.54
4.84
4.95
5.28
6.30
4.59
5.01
5.23
5.39
6.49
4.60
5.12
5. 35
5.72
6.73
4.89
5.41
5. 86
5.63
6.68
4.89
5.40
5.54
5.25
6.17
4.67
5.08
5.07
4.90
5.70
4.48
4.75
4.66
4.74
5.51
4.24
4.65
4.56
4.61
5.28
4. 11
4.58
4.46
4. 56
5. 29
3 0*3
4.47
4.47
5.19
3 73
4 51
4.45
4.05
5. 00
4.98
4.94
5.01
5.52
5.48
4.89
4.74
4.56
4.27
4.17
4.01
2. 85
3.20
3.21
3.20
3.22
3.46
3.53
3.50
3.32
3.21
3.12
3.01
2 94
.19
.01
.04
.09
.22
.29
.25
.08
.01
763 219
31° 620
101 son
391 589
90 7'"*0
6*5 205
412 855
109 950
566 059
11^ 600
891 926
301 ^60
403 348
406 867
1°9 6CO
88
4
2
247
70 100 1?° 750
6 800 jq °00
4 300
' 500
onfi tqn 465 055
98 5001
2 300
99 100
5 7CO
700
450 4^9
247
26
3
C
'90
129 300 111 200
15 600
13 600
I 200
1 700
orn KQQ
267 267
Cash Dividend and Interest Payments
and Kates
Total (Jowfidl of C'oiTiiTisrcc)
thous of dol
one onn
Industrial and miscellaneous
T?ailrn r id<3 s*p rr
tl
Railways street
thous of dol
^
1K8 900
i f\ eor»
f rl 1 "
3 000
;re;7 01 Q
Dividend payments (N. Y. Times]
thous. of dol— 113,295
Industrial and miscellaneous.. thous. of doL. 107, 860
Railroad
thous. of dol
5, 435
Dividend payments and rates (Moody' $):
Dividend payments, annual payments at
current rate (609 companies). mills, of dol— 1,113.4
Number of shares, adjusted
millions.. 918. 05
Dividend rate per share, weighted average
(600)
dollars
1.21
Banks (21)
dollars3.77
.96
Industrials (492)
.
dollars-Insurance (21)
dollars-1.71
Public utilities (30) . .
. dollars
1.97
1.20
Railroads (36)
dollars. _
o QOf
QQ9 QQ5
300
960
975
680
1 ^9 7^0
576 940
162 800
111
17
6
414
050
°00
400
140
116,211
105, 160
11,051
211,432
197, 493
13, 939
j 64, 629
158.577
6,052
123,492
117,263
6,229
259, 518
243, 742
15, 776
191, 995
165, 023
26, 972
201, 854
174, 709
27, 145
212,413
188, 244
24, 169
177, 807
172, 416
5,391
162, 170
155, 651
6,519
264,155
217, 544
182, 794
34, 750
972. 4
923. 63
970. 6
923. 84
978. 8
923. 78
978.2
923. 80
1,017.8
926. 13
1, 023. 4
926. 13
1, 038. 7
926. 42
1, 063. 4
926. 87
1,079.8
929. 04
1, 073. 4
929. 04
1.094.5
929. 04
1, I0f\ 1
929. 04
1 05
3.99
.73
1.66
2. 19
.86
1 05
3. 99
1.06
3.99
1.66
2.15
.90
1 06
3. 99
.75
1.66
2. 11
. 90
L66
2.07
.91
1. 10
3. 55
.82
1. 66
2.07
.91
1. 11
3.61
.83
1.67
2.07
.91
1. 12
3.58
.85
1.67
2.06
.98
1. 15
3. 58
.88
1.67
2.06
.98
1.16
3.58
.90
1.69
2.06
.98
1.16
3.58
.91
1.70
1.98
.98
1.18
'3.58
.94
1.70
1.98
. 98
1.19
3.60
.95
1.70
1.97
1.09
98 4
30. 8
49.6
88. 24
135.86
40. 63
75.1
78. 8
87.1
49.4
100 3
27.9
47.2
86.46
135.45
37. 49
718
80.7
80 1
47. 2
92.8
24.9
38.9
79.54
127. 86
31.23
69.5
75.5
75.0
40.3
96.4
23. 7
38. 6
82. 87
134. 22
31.52
69.1
76.7
70.0
38.4
99.3
23.2
40.5
85.18
137. 27
33. 12
70.4
78.8
67.3
40.3
102.7
25.2
44.9
88.21
140. 48
35.95
75.6
84.0
73.2
45.5
107.3
28.4
50.8
94.35
147. 91
40.79
80.5
88.4
80.6
50.0
102.1
26.4
48.1
90.06
141. 30
38.83
77.1
84.9
76.1
47.6
104.3
26.0
49.5
92.36
144. 84
39.88
79.6
88.3
76.3
49.3
95.3
23.1
43.6
82. 66
131. 17
34. 15
71.8
79.6
69.8
43,3
96. 7
23.8
44.3
85.71
135. 70
35. 73
73.5
81.4
71.9
44.1
5« 3
58 2
42, 466
50 7
56 6
43, 319
47 1
53.8
39, 379
42 5
51.8
33, 646
42.4
49.9
34, 878
51 6
57.5
54, 567
57.8
64.2
56, 830
56.7
62.8
29, 916
60.4
66.9
29. 847
58.6
65.2
25, 343
16,802
36, 670
1, 290
32, 730
1,293
30,138
1,293
32, 542
1,295
33, 095
1,293
37, 365
1,293
36, 658
1,293
36, 700
1,294
36, 432
1, 295
33, 817
1,294
34, 440
1,295
3.25
2.93
4. 7S
2.73
3.37
2. 96
5.48
2.93
3.59
3. 25
5.61
2.51
3.65
3. 26
6. 13
2.62
3.59
3.21
6.24
2.48
3.36
3.04
5.59
2.25
3.10
2.81
4.94
2.18
3.33
3.00
5.50
2.32
3.25
2.90
5.58
2.24
3.58
3. 2,5
5. 83
2. 53
3. 55
3. 21)
5. 44
2.49
6.20
6.26
6.38
6.51
6.50
6.30
6.01
5.98
5.82
5.78
5.73
Stocks
Prices:
Dow-Jones:
94 5
Industrials (30)
dol per share
100 4
22.2
Public utilities (20)
dol per share
34.7
40.7
51.7
Railroads (20)_
_ dol. per share-83. 00
88. 46
New York Times (50)
dol. per share-135.81
Industrials (25)
dol. per share-- 133. 87
32. 12
41.09
Railroads (25)..
dol. per share80.4
71. 4
Standard Statistics (421)
1926=100..
79. 7
83.5
Industrials (351)
1926=100—
69.
2
97.5
Public utilities (37)
1926=100Railroads (33)
1926=100—
41.2
52. 6
Standard Statistics:
57 8
Banks, N Y (20>
lc^'6— 100
60 9
60. 8
60 0
Fire insurance (20)
192P>— 100
Sales, N.Y.S.Ethous. of shares.. 21, 116 120, 300
Values, and shares listed, N.Y.S.E..
Market value all listed shares .mills, of dol__ 30, 752 32, 762
1,294
Number of shares listed
millions
1,281
Yields:
3.02
Common, Standard Statistics (90) ._ percent..
3. 67
Industrials (50)
percent
5.73
4.09
Public utilities (20)
percent-2.69 |
Railroads (20)
percent-2.58
Preferred, Standard Statistics:
6.22
5. 67
Industrials, high grade (20)
percent. .
Stockholders (Common Stock)
American Tel & Tel Co total
nuirber
Foreign
nurr-be1*
Pennsylvania Railroad Co., total
number—
Foreign
number..
U.S. Steel Corporation, total
number..
Foreign
number. _
Shares held by brokers
nercent of total
100
QO^i
700
S°0
1QQ J K Q
4 '"i7
682 2«9
7,629
240, 237
3, 234
186, 105
3, 171
18. 66
1
671,052
7,563
235, 809
3,174
186, 612
3,770
19.01
680, 454
7,418
238, 876
3,208
187, 978
3,450
18.80 i _
!:::::::::
246, 149
IS, 006
58. 7
66. 7
r,75, 425
7, 686
233, 826
3, 165
"
!
3, 785
19.73
FOREIGN TRADE
INDEXES
Value:
Exports, unadjusted
1923-25 = 100..
Exports, adjusted for seasonal .1923-25 = 100..
Imports, unadjusted
1923-25 = 100..
Imports, adjusted for seasonal- 1923-25=100-.
Quantity, exports:
Total agricultural products
1910-14 = 100
Total, excluding cotton
1910-14 = 100-.
43
48
39
43
38
43
44
48
35
38
48
60
42
40
45
48
51
42
47
46
49
42
40
40
51
48
41
42
45
44
42
42
43
47
41
42
50
50
49
44
47
50
45
42
42
45
48
47
45
50
42
44
80
51
66
50
97
57
120
77
111
79
109
93
93
72
80
63
75
67
60
63
50
60
59
48
VALUE §
170, -'74
Exports, incl. reexports
thous. of doL. 161,787 «144, 109 a!31, 473 "160,119 "193, 069 «184, 257 « 192, 638 172, 174 162,805 191,015 179, 444 160, 207
By grand divisions and countries:
5,708
5, 637
7, 064
6,595
4, 999
3,940
4,166
4,670 C «5, 899
4, 535
«3, 262
Africa
thous. of doL. 8, 592
«3, 740
38, BP3
Asia and Oceania
_ thous. of dol.. 35, 935 30, 127 24, 446 32,120 35, 050 37, 573 40, 878 35, 903 34, 229 37, 641 37, 490 27, 538
14, 824
11.507
10,310
16, 295
14, 926
16, 763
16,825
17, 056 «18, 259
Japan
thous. of dol__ 12,812
15, 046
15, 599
10, 157
67, 618
Europe
thous. of dol— 61,814 "67, 995 =62, 746 «3I, 874 « 108,59o 94, 864 «102, 208 90, 030 82, 182 92, 496 80, 150 66, 692
10, 674
7, 263
8,140
13, 200
1 0. 935 12, 909
17,041
14, 082
12, 129
6, 379
8,476 «12, 384
France
thous. of doL~
°8, 583
10,
824
6,847
8, 230
15,392
13.
820
15,
728
°16
873
13,
577
"17,720
7,
703
Germany
thous. of doL.
«8, 993 «13, 723
"11,235
;
a
Revised.
* New series. For earlier data see p. 20 of the August 1934 issue,
t Revised series. For earlier data see p. 19 of the April 1933 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
http://fraser.stlouisfed.org/
issues. For revised data for months of 1933 not shown above see p. 20 of this issue.
Federal Reserve Bank of St. Louis
35
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through Decemberr 1931,
together with explanatory footnotes andd references to the sources of the data, may be
>e found
Survey
in the 1932 Annual Supplement to the Survey
1934
July
1933
July
1934
Decem- January FebruOctober NovemAugust September
ber
ber
ary
March
April
i
May
June
FOREIGN TRADE—Continued
VALUE— Continued
Exports, incl. reexports— Continued.
By grand divisions and countries— Contd.
Europe— Continued.
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._
M ex i co
t h o us . o f d ol —
South America
thous. of doL.
Argentina
thous. of dol—
Brazil
thous. of dol. .
Chile
thous. of dol—
By economic classes:
Exports, domestic-._thous. of doL_
Crude materials
thous. of dol
Raw cotton
mil's, of dol
Foodstuffs, total.
thous. of dol_.
Foodstufls, crude
thous. of dol__
Foodstuffs, manufactured .thous. of dol..
Frtiits and preparations.. 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
inill^. of dol
Imports, total cf
thous. of dol_.
Irnports for consumption *
thous. of dol—
By grand divisions and countries: #d"
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 doi
By economic classes: #cf
Crude materials
thous. of dol..
Foodstufis crude
thous of dol
Foodstuffs, manufactured
thous. of dol—
Manufactures, somi- _ __
thous. of dol—
Manufactures, finished
thous. of dol—
4 275
24, 380
27, 281
26, 761
14, 656
4, 762
13, 597
3, 692
3,216
814
4,741
« 24, 705
" 21, 296
" 20, 923
"11,726
a
3, 528
" 9, 702
" 3, 413
" 2, 325
456
"3 595 "7 239
8 537
5 934
6 7^8
24, 686 " 28, 474 " 39, 532 33, 564 43, 878
20, 768 " 21, 484 "21,838 « 23, 252 « 18, 898
20, 301 " 21, 000 « 21, 486 " 22, 833 " 18, 513
" 10, 885 " 9, 462 11,181 11, 648 "11,791
3,324
"3,313
3,499
3,685 a 3, 456
" 8, 889 10, 643 12, 237
12, 249 " 12, 965
4,141
2,897
3, 588
4,559 « 3, 322
3,194
2, 650
2,862
3,626
« 2, 088
656
458
338
777
491
159, 242 «141, 573 «129, 315
51, 509
41, 968
37, 199
36 8
28 2
20 3
15, 383
16, 886
17, 058
3,078
3,062
3,685
12, 305
13, 824
13, 373
4.3
5.6
2.9
5. 7
5 4
57
1. 1
1.5
1 6
21,359 " 20, 463
28, 834
76, 152 « 53, 321 " 49, 998
7.5
18.4
8.1
6.0
3.4
3. 5
a
10. 1
11 1
18 9
127, 342 -142, 980 «154, 918
124, 123 141, 018 "152,714
2, 607
3,179
« 47, 794 "a 47, 026
« 14, 420
14, 101
« 43, 750 « 51, 149
3,825
5,410
" 7, 467
8,702
3,518
3, 473
" 12, 580 14, 073
19, 809 " 17, 962
19, 383
17, 666
"11,567
11, 128
"
2,
487
2,503
a
17, 453 24 475
4,037 " 6, 232
6,427
9.063
0
760
806
"157,
490
U
63,611
45 3
" 18, 701
3,398
15, 302
6.8
59
1.3
21, 261
« 53, 916
8.3
3.9
11. 7
"146, 643
147, 599
"ISO, 842
"81,794
"54 2
23, 510
5,042
18, 458
11.0
6 2
1.2
" 24, 445
"61,093
8.6
6.5
13.5
"150, 867
149, 288
181, 291
"71,299
48 8
« 24, 055
" 6, 653
« 17, 402
9.7
6 6
1. 6
" 24, 195
" 61, 743
7. 3
7.2
16 0
"128, 541
125, 269
2,303
2,764
" 3, 915
" 43, 398 « 45, 604 " 39, 049
1 4, 503
14 217
11,657
« 49, 981 51,908 "43,577
5,118 " 5, 627
" 5, 668
6,604
" 8, 506
7, 667
3.838
3,180
3, 108
15, 253
9, 254
12, 093
20, 493 " 20, 070 17,890
19, 618
19, 979
17, 123
10, 989
9, 848 " 9, 789
1, 873
1,766
2,305
17 866 "21 134 "15 473
5,942 " 3, 420
« 4, 538
a 6, 561
" 8, 095
5,885
5 754
32, 244
19, 096
18,812
12, 342
4,136
10, 864
2,942
2,938
545
6 2Q1
27, 962
19,879
19, 602
11,788
3,764
9,728
2,552
2,838
593
5 327
32, 288
25, 798
25, 363
15, 405
4 382
13, 081
3,909
3,400
654
4 596
28, 840
26, 650
26, 254
15, 989
4, 668
13, 449
3,619
3,169
1,020
4 853
25, 922
32,415
31,989
14, 927
4,753
12,998
3, 368
2,989
883
4 276
24, 862
28,515
27, 987
15,064
4, 666
13,919
3,504
3,343
1,048
'189, 808 169, 531
"73,071
60, 402
44 3
41 5
" 24, 344 22, 693
7,294
« 7, 464
16, 880
15, 399
8.3
8.4
6 7
61
3.9
3. 1
"28,497
25, 018
" 63, 897 61,418
9.3
10.8
4.1
4.8
15.8
14 4
"133, 518 135,513
127, 170 128, 738
159, 671
54, 218
37 7
19, 569
6,894
12,675
6.8
5 4
2 7
24, 456
61, 428
13.2
4.3
14 6
132, 656
125,011
187, 495
55, 276
34 7
20, 073
6,139
13, 934
5.5
5 9
176, 499
45, 878
24 5
17, 821
5,348
12,473
4.4
51
157, 171
37, 975
17 6
16,816
3, 994
12, 822
3.3
6 8
31, 382
80, 764
20.6
5.6
18.3
157, 908
153, 075
29, 361
83, 440
21.5
5.8
19.2
146, 517
141, 137
26, 189
76, 191
20.6
3.8
17.0
154, 647
146, 866
167,957
47, 003
28 9
14, 923
3,023
11,900
4.0
5 7
1.1
27, 923
78, 108
20.0
4.0
18.6
136,082
135, 048
3.2
3.7
1.9
2,587
"39,476
"10 372
« 42, 292
6,891
" 6, 894
2,915
" 8, 252
" 22, 083
" 21, 200
9,675
3,295
17, 406
2, 315
8,256
1,018
2, 542
44, 714
9 530
37, 303
4,491
6,472
2, 847
7, 997
17, 195
16, 397
9,317
2,824
17 704
2, 379
7,826
1,236
2,780
36,211
9 114
44, 765
7,436
6,075
2, 852
11,033
14, 343
14, 163
8,472
2, 859
18 721
2,727
8,561
898
4,785
48, 893
11,453
45, 753
5,611
7,495
3,613
11, 357
18, 208
17, 929
10, 768
3,922
24, 620
3, 365
9,436
2,631
3,700
51, 746
10, 186
37, 545
3,898
5,738
2,912
9,008
16,506
16,271
9,720
3,110
21, 921
3,076
7,127
3,784
2, 605
55, 877
10, 121
39,412
4,320
5,469
2,988
10,302
19, 242
18, 735
10, 912
3,000
18 818
2, 981
5,496
2,288
2, 806
49, 146
9,279
35, 823
4,189
5, 168
2, 474
7,881
18, 468
17,856
13, 039
3, 466
16,800
1,683
5, 635
1,325
39, 086 0" 46, 467 « 50, 755 48, 334 " 46, 886 "37,261
36, 233
17, 741 " 14, 853 "18, 458
17, 239
15,899
16, 846
19, 758
11,860 a" 22, 872 "15,611
14, 366 « 17, 088 " 15, 783 "23,910
27, 464
30, 982 "35,122 « 33, 496 "33,181 "27,838 " 27, 236
28, 474 0 26, 759 « 33, 673 " 33, 601 a 35, 971 " 32, 805 " 27, 680
35, 726
18, 423
20, 840
26, 415
27, 334
36, 894
20 997
17, 299
22, 220
27, 602
44, 862
26, 108
22, 482
29, 728
29, 847
41,000
21,916
23, 676
26, 118
28, 418
42, 812
18, 406
27, 913
26, 889
30, 846
42, 578
17, 283
21,977
26, 849
26, 361
2,335
38, 335
8 599
37, 899
3, 534
5, 354
2,651
9,703
19, 360
18, 697
9,285
2,441
16, 908
2, 010
6, 583
1,448
1,092
TRANSPORTATION
1, 545
AND
953
COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
-thous. of dol..
Operating income
thous of dol
6,357
132
6, 374
138
6, 743
139
6,719
19
132
32
6,789
139
7, 090
133
6,641
140
6,590
142
7,052
136
7,011
136
Electric Street Railways
Fares, average (320 cities). .
cents .
Passengers carried f
thousands
Operating revenues
thous. of dol
8.136
620, 424
42, 913
8. 136
637, 278
45, 055
8.143
650, 745
44, 225
8.143
43
704, 963
63
56
47, 956
8. 143
688, 201
46, 962
8.143
741, 119
8.143
750, 249
8.143
G9S, 933
8,143
790, 773
8,143
833, 230
8, 143
751,053
8, 143
697, 676
66
66
55
38
98
46
70
62
67
65
75
63
39
82
55
70
34
64
a
2, 498
<* 451
"26
"108
"179
"60
65
72
55
37
64
50
&)
90
63
61
74
61
35
53
56
69
53
57
2, 503
494
68
72
59
35
69
63
70
96
68
CO
67
60
33
57
53
68
59
57
3,205
625
35
123
156
101
§49
184
1. 138
66
60
70
54
33
64
68
70
68
69
5h
62
53
32
57
51
66
49
59
2, 606
06
500
00
27
os
98
19
119
GQ
J3
(
'"•Jl
>1
11
111
>8
1-68
60
71
53
32
66
60
67
17
60
59
65
52
34
62
51
66
24
61
2,366
502
26
93
124
82
667
30
843
56
69
59
26
58
47
64
8
55
63
65
55
31
59
47
68
33
71
2, 565
570
34
91
129
75
742
15
909
58
77
67
26
65
53
65
8
55
64
68
61
30
68
51
70
34
69
2,178
519
31
73
118
70
615
12
739
61
85
86
31
65
46
65
8
58
64
78
76
30
68
48
67
34
67
2,309
575
40
87
120
61
627
12
785
63
82
71
33
63
40
67
10
64
66
87
71
32
75
46
66
41
67
3,059
730
45
118
148
67
828
19
1,105
60
57
48
33
57
48
67
19
68
62
68
50
31
74
52
65
38
60
2,335
401
23
97
106
65
664
29
950
63
61
58
35
61
49
67
59
70
63
69
58
33
64
58
56
34
78
46
65
87
71
64
66
56
33
90
54
65
48
68
3,078
502
34
123
174
77
789
1G6
1,214
Steam Railroads
Freight car load ings (F.R.B.):
Index unadjusted
1 923-25 — 100
Coal
1923-25 = 100
Coke
1923-25 = 100..
Forest product^
1923-25 — 100
Grain and products
1923-25= 100. .
Livestock
1923-25 = 100 _
Merchandise, l.c 1
1923-25=100
Ore
1923-25 = 100..
Miscellaueous
1923-25 = 100..
Index, adjusted
1923-25 = 100
COP!
1923-25 — 100
Coke
1923-25 = 100..
Forest products
.
1923-25=100
Grain and products
i 923-25 = 100
Livestock
1923-25=100
Merchandise I c l
1923-25 — 100
Ore
19'>3-25 = 100
Miscellaneous
1923-25 = 100—
Total cars ^
thousands
Coal
thousands..
Coke
thousands
Forest products
thousands
Grain and products
thousands
Livestock
thousands
Ore
Miscellaneous
natio
tho'isarids
thousands .1
63
55
38
30
95
70
64
83
65
61
63
43
30
79
84
65
40
62
2 346
373
18
8>;>
171
89
613
125
875
a (5Q3
"100
"911
109
118
66
680
137
872
52
65
39
68
2,442
427
27
101
112
65
660
83
967
hich consist of general imports.
See expla-
SURVEY OF CURRENT BUSINESS
36
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
1933
1934
July
September 1934
July
Decem- January FebruOctober NovemAugust Septemary
ber
ber
ber
April
March
May | June
1
TRANSPORTATION AND COMMUNICATIONS— Continued
TEANSPORTATION-Continued
Steam Railroads— Continued
Freight-car surplus, total
thousands
348
Box
thousands
201
Coal
thousands
111
Equipment, mfrs. (See Trans. Equip.)
Financial operations (class I railways) :
Dividends paid. (See Finance.)
Operating revenues t
thous. of dol__ P277, 500
Freight f
thous. of dol__
Passenger f
thous. of dol .
Operating expenses t ._
-thous. of dol._
Net railway operating income f-.thous. of doL. P36, 200
Operating results (class I roads) :
Freight carried L mile
mills, of tons__
Receipts per ton-mile
cents
Passengers carried 1 mile
millions. _
Waterway Traffic
Canals:
Cape Cod
tbous of short tons
New York State
thous. of short tons__
Panama, total
thous. of long tons _
U.S. vessels
thous of long tons
St. Lawrence „__ _ thous. of short tons
Sault Ste. Marie
trhous. of short tons..
Suez
thous. of metric tons
Welland.
thous. of short tons
206
519
977
7,522
1,334
264
141
434
248
129
375
225
94
357
210
93
368
211
106
355
213
93
343
204
93
37, 566
245, 330
191, 667
29, 312
187, 081
37, 764
258, 006
208, 780
27, 200
195, 849
30, 931
248, 439
201, 661
25, 377
188, 591
29, 281
293, 178
240, 991
27, 440
209, 251
52, 038
265, 391
214, 266
27, 045
200, 187
32, 265
282, 024
228, 587
26, 675
210,011
39, 495
282, 779
225, 709
31, 555
208,313
41, 836
23, 936
. 965
1,223
22, 001
.961
1,491
23, 762
.969
1,346
23, 198
.963
1,234
27, 793
i 966
1, 343
23, 472
1.015
1,377
25, 260
1.007
1,340
25,212
235
0
2,192
922
6
172
262
0
217
0
846
0
0
112
0
2,124
979
0
0
2,465
1. 119
0
0
250
140
2,291
1, 038
54
13
1,353
281
664
1,950
964
775
3, 014
2, 477
1,070
131
0
0
0
254
274
550
2, 303
1,008
979
5,745
2,392
1,287
243
557
1,769
835
901
7,901
2,151
1,238
219
222
201
158
31
133
174
248
280
97
429
97
1, 075
106
1, 387
65
1,277
70
531
82
1,427
90
1,404
106
1,592
101
1, 683
415
659
705
824
78
788
897
888
918
5,349
3,392
«5,211
5,996
3,818
2,177
393
216
117
398
237
106
380
223
106
385
228
111
441
253
293, 708
240, 172
30, 964
194, 908
64, 307
297, 018
241, 242
32, 242
202, 453
60, 978
292, 147
235, 434
32, 014
199, 416
60, 936
294, 342
239, 603
29, 835
204, 694
57, 265
257, 676
26, 460
996
1,633
26, 468
.999
1,717
26, 130
1.006
1,716
26, 412
.990
1,584
« 289
473
1, 699
823
839
254
623
1,914
1,002
980
7,691
233
517
1,797
961
1, 129
299
593
2,126
1,082
1,041
7,154
6,050
2, 179
1,121
2,227
1,212
8,453
2,166
1,372
Rivers:
Allegheny
thous. of short tons
351
234
291
282 !
Mississippi (Government barges)
115
thous. of short tons..
133
119
p 110
Monongahela.
thous. of short tons
1,561
1,339
812
1,030
Ohio (Pittsburgh to Wheeling)
thous. of short tons__
732
851
600
698
Ocean traffic:
Clearances, vessels in foreign trade §
thous. of net tons.. 6,023 «6,011 «6, 363 «5, 786
Foreign §
thous of net tons
4,059
°3, 741
3,799
3,859
United States§
thous. of nettons..
2,304 *2, 045
2,212
2,165
Shipbuilding. (See Trans. Equip.)
Travel
Airplane travel:
Passengers carried*
number
61, 504
65, 181
56, 830
Passenger miles flown*
thous. of miles
21,417 22, 798 21,515
Hotel business:
Average sale per occupied room
dollars..
2.84
2.98
2.91
2.84
Rooms occupied
percent of total
49
52
48
52
Foreign travel:
Arrivals, U.S. citizens
number..
24, 453
43, 525
46, 528
Departures, U.S. citizens.. _
number
42, 135
37, 626
27, 137
Emigrants
number..
5, 256
5, 120
3, 781
Immigrants
number..
1, 830
2,628
2, 961
Passoorts issued
number
12, 323
7,540
5,913
12, 294
National parks:
Visitors
number.. 570, 295 440, 728 441, 795 182, 954
Automobiles
number __ 145, 887 117,750 117,261 49, 109
Pullman Co.:
Passengers carried
thousands
1, 224
1,392
1,351
Revenues, total
thous. of dol. _
3, 35G
3,621
3, 798
COMMUNICATIONS
Telephone (class A companies):
Operating revenues
thous. of dol
79, 421
79, 356
78, 615
Station revenues . _ ,
thous. of del
52, 341
52, 294
52, 668
Tolls, message
thous of dol
20, 167
20,295
19, 206
Operating expenses
thous of dol
55, 473
55, 700
55, 271
Operating income
thous of dol
16, 383
1 15, 954
15, 829
Stations in service, end of mo
thousands ------- 14, 399 14, 368 14, 427
Telegraphs and cables:
Operating revenues
thous. of dol_.
9, 297
9,171
8, 838
Commercial telegraph tolls thous. of dol
7. 032
7,065
6.748
Operating expenses. .
thons of dol
7, 434
7,715
7,598
Operating income
thous. of doL.
844
1,041
1,447
2,394
136
209,912
24, 972
191,824
463
2,405
2,087
2,455
2,035
2,534
2,435
«3, 274
«1, 937
4, 509
2,841
1,668
4, 354
2, 888
1,466
4,201
1, 475
4,717
3,123
1, 594
4,860
3,098
1,957
1,762
5,739
3,492
2,247
50, 413
19, 356
35, 667
13, 492
26,711
10,411
28, 170
10, 783
27, 624
10, 476
22, 606
8.717
31, 415
12, 374
35, 899
14, 409
2.93
57
2.97
53
2.86
51
2.85
58
2.95
57
2.83
54
2.88
57
2.74
58
2.86
54
25, 675
23, 285
13, 179
14, 597
11, 979
10, 707
3,187
11,848
13, 936
15, 334
18, 433
22, 249
22, 349
3, 004
4, 790
2,251
4,601
1,843
5, 409
1,714
4,190
20, 795
14, 899
2, 304
2, 324
6, 541
10, 946
19, 479
18, 003
2,343
3,126
19, 760
18,213
18, 984
3, 033
2,975
24, 279
81, 707
12, 453
81, 939
15, 291
132, 030
31, 626
287, 721
78, 928
3,385
1, 227
3, 740
1, 212
1,122
3,334
1, 303
78, 533
53, 220
18, 341
54, 780
15, 799
14, 523
82, 615
55, 015
20, 507
57, 763
16, 621
14, 581
81,785
83, 349
55, 428
20, 799
58, 564
16, 220
14, 685
8, 276
6, 272
7, 360
513
9,557
8, 910
7,925
7, 768
734
3,856
3,232
2,324
3,922
36, 120
7,761
43, 510
1,333
1,306
81, 563
14, 448
80, 662
54, 220
19, 818
58, 777
15, 609
14, 449
8. 249
6.147
9,076
6,970
8, 760
284
8,101
561
605
75, 140
19, 933
44, 464
10, 205
1, 256
1, 054
2,749
3,552
80, 395
54, 250
19, 219
56, 209
16, 571
14, 444
79, 242
53, 830
18, 421
56, 767
8,663
3,526
6, 562
7,627
625
2,907
15,017
7,557
8,346
3,722
55,012
19, 657
56. 803
16,714
14, 483
6,669
7,750
2,725
2,077
57, 526
9,344
1, 132 !
2,730
2,432
3,488
54, 862
19, 833
56, 414
17,416
14, 635
6,887
7, 396
1, 222
I
9,523
7,397
8,168
943
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
5, 398
5,228
6, 103
5,680
5,125
7,172
5, 505
5, 170
7,923 13, 502
thous of wine gal
10, 781
5,259
6, 192
5, 456
5,264
5,870
Production
thous. of wine gal. _
12. 072
7, 452
5,691
5, 574
12, 771
5, 099
1,298
1,076
1,580
1,
059
1,245
1,114
Stocks, end of mouth.. _thous. of wine gal..
2,544
2, 602
2, 063
2, 4S3
1,316
Ethyl:
12,
731
13,810
13, 478
12, 313
Production
thous of proof gal
13, 756
15, 396
11, 684
12, 482
13, 968
16, 509
15, 979
Stocks, warehoused, end of month
20, 642
21,590 24, 375 25, 893
17, 184
13, 025
15, 606
thous of proof gal
24, 595
22, 230
25, 423
18, 948
Withdrawn for denaturing
9,032
9,668
8, 666
10, 148
8,325
8,654
8, 776
thous of proof gal
9,486 12, 478 21, 775 20, 624
Methanol, wood distilled:
i
Crude:
i
Production* f
gallons..
219, 899 265, 596 243, 183 312,085 327, 337 300, 303
Stocks, total* t
gallons
316, 324 319. 158 337, 174 406, 939 502, 803 485, 853
a
Revised.
» Preliminary.
* New series. Covers scheduled airlines operating in United States. See p. 20 of the February 1934 issue for earlier data and p. 20 of the April 1933 issue for methanol.
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 cla,ss I railways; and
the May 1934 issue for methanol.
p, 36§ ofData
for 1933 revised. Total, Jan. 4,227, Apr. 4,401, May 5,208, June 5,645; foreign vessels, Apr. 2,848, May 3,321, June 3,624; United States vessels, Mar. 1,666
Apr. 1,553, 1,887, June, 2,021.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
.........
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
37
1933
July
1934
Decem- January FebruAugust SeptemOctober November
ber
ber
ary
March
April
May
135, 279
.38
57, 259
.38
38, 556
.38
27 725
26, 958
24 231
June
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Methanol, wood distilled—Continued.
Refined:
^Exports
_
_
_
-gallons _ _ 28, 348
93, 833
.38
Price, wholesale, N.Y
dol. per gal..
.37
153, 199
Prodnction*
gallons. .
108, 628
Shipments* _
gallons.Stocks, end of month*
gallons. _
360, 251
Methanol, synthetic:
561 918
Production
gpllop* 3
732* 735
Shipments
gallons
Stocks, end of month
gallons- 1 273,512
Explosives:
23, 384
Orders new*
thous. o f l b .
23, 834
Sulphur and sulphuric acid:
Sulphur, production (quarterly) *Jong tons-Sulphuric acid (104 plants):
Consumed in prod, of fertilizer.short tons..
71,951
Price, wholesale 66°, at works
dol. per short
ton-15.50
15.50
Production
sho r t tons
98 587
Purchases:
23, 829
From fert'lizer infrs
short tons..
16, 147
From others.short tons..
Shipments:
13,251
To fertilizer mfrs ..
short tons. 38, 885
To others
short tons..
FERTILIZER
Consumption. Southern States t
thous. of short tons—
Exports, total t
long tons .
Nitrogenous!
,
long tons__
Phosphate materials
long tons
Prepared fertilizers
long tons_.
Imports total t#
long tons
Nitrogenous!
long tons
Nitrate of sodaj
long tons. _
Phosphates
long tons
Potash _
- . _ long tons..
Price, nitrate of soda, 95 percent, N.Y.
dol. per cwt_.
Superphosphate, bulk:
Production
__ __ short tons _
Shipments to consumers
short tons.Stocks, end of month
short tons..
NAVAL STORES
Pine oil:
Production
gallons. .
Rosin, gum:
Price, wholesale "B", N.Y
dol. per bbl._
Receipts, net, 3 ports
bbl. (500 lb.)-Stocks, 3 ports, end of month.bbl. (5001b.)._
Rosin, wood:
Production
bbl. (5Q01b.)._
Stocks, end of month
bbl. (500 lb.)..
Turpentine, gum:
Price, wholesale, N.Y
do], per gal
Receipts, net, 3 ports
bbl. (50 gal.)..
Stocks, 3 ports, end of month bbl. (50 gal.)
Turpentine, wood:
Production
bbl. (50 gal.) —
Stocks, end of month
bbl. (50 gal.)-.
26
83 382
4,577
75 600
273
69 285
43, 576
10, 976
1,495
19, 265
1.350
42, 458
.37
181, 625
97, 697
444, 179
36 523
37
106, 494
91, 462
459, 211
55, 553
.37
163 619
175, 60S
447, 222
96, 293
.37
144 846
193 398
309, 762
145 657
.37
187 555
166, 638
330, 679
106 358
.38
101 484
.38
28 504
°5 584
52, 612
.38
959 igs
860 314 1 460 58° 1 643 04^ 1 0^9 949
955 301 1 425 009 1 739 4^8 i 233 1QS 833 978
1,178,525 1 214 105 l' 124*687 990 738 1 1 18 945
25, 106
25 ^07
25 OS4
23 256
322,011
23 318
313, 283
24,812
289, 089
291, 366
117, 728
92, 962
160, 688
154, 205
150, 097
161, 500
149, 236
133, 983
107, 842
83, 969
80, 214
15.50
131 016
15. 50
133 056
15.50
158 406
15.50
155 407
15.50
l r >5 695
15.50
143 811
15.50
130 615
15. 50
132 549
15.50
HQ 619
15. 50
107 568
15.50
92 894
29. 102
21,804
17, 765
23, 604
27 126
31 693
34 589
33 680
36 181
23 763
32 312
29 470
20 151
27 300
16 945
27, 768
12, 158
22, 721
a
5, 735
18, 793
3,441
26, 577
16,511
41, 970
31,215
38, 327
23 276
36, 270
23 Q94
33, 728
26 507
33, 008
26 664
27, 163
21 242
22, 793
23 733
34, 167
21, 926
30, 240
14,312
25, 894
10, 242
25, 783
ICO
190
65
116 584 117 954 agi 359
9, 059
11,813
16, 824
102 986 102 115
59 887
763
281
131
123 390 °11° 527 a 124 503
70 729 a 50 106 aQQ 554
2Q 652
23 508
13' 762
5 677
1 829
7 351
51 600
44' 548
48 685
358
60 390
10, 227
48 304
11
140 327
95' 509
33 690
3 521
37' 242
499
109 938
14, 240
91 63°
52
121 845
70 739
17 343
2 309
47* 293
1,234
118 692
37, 438
75 950
'289
206 781
147 722
74 584
2 267
55 344
764
98 294
18, 043
74 287
208
178 430
133 706
80 466
4 158
35* 845
157
113 752
2,646
106 354
426
103 723
71 057
39, 321
5 847
17, 310
51
105 285
5, 064
96 262
164
66 707
44 164
10 564
1 910
13, 355
1.295
1.350
1.350
18
86
38
81,145
90 433 «123 287
«6, 582
8. 628
19.834
a
"70 790
79 428 97 479
°251
352
375
81 207 «102 268 107 076
38, 490 "34, 369
56 6^2
5,308
3,943
5 248
2,949
4 603
9 643
38, 053 °57. 049
39 006
1.315
1.295
1. 295
1.350
1.350
1,350
1,350
164, 666
17,515
565, 370
262, 705
15, 403
691,913
240 243
94 436
735, 567
320 307 3^4 457 329 783 328 345 295 334 285 762
40 552
59, 466 161,372
18 329
74 0Q0
20* 042
861, 546 1,011,529 1,089,179 1,130,174 1,124,243 976, 775
232 936
209 026
806, 914
168 509
85, 508
820, 086
153, 236
21, 463
839, 680
261,410
271, 014
283, 152
258, 081
274, 095
269, 719
243, 196
305, 445
306, 375
293, 589
305, 273
293, 807
266, 020
5.31
5.16
123, 977
234, 578
4.96
113, 107
227, 943
5.08
91, 251
218 280
4.85
90, 474
211 422
4.84
81, 896
209 218
4.65
81, 627
210 771
4.66
39, 219
171 263
5.38
32, 640
152 569
5.44
59, 443
142, 574
5.56
69, 496
156 447
5.49
97, 905
161, 001
5.46
102, 417
171, 805
37, 037
105, 286
41, 033
81, 785
42, 961
57, 010
43, 213
60, 305
44, 821
65, 957
43, 197
71, 058
40, 433
73, 151
46, 850
83,007
46, 016
86, 492
43, 753
89, 963
45, 454
90, 329
43, 243
98, 080
38, 554
98,558
48
51
35, 265
70, 451
48
33,237
74 920
47
26,911
79 563
44
24, 479
79 616
47
18, 535
80 383
47
17, 352
81 269
52
4,985
68 786
62
2,639
54 138
59
8,721
46 010
59
17,315
46 465
56
24, 658
42 570
51
27, 614
47 692
5,547
19, 016
6,516
5,673
6,779
5,496
6,642
8,004
6,929
11, 526
6,880
14, 078
6,916
16, 433
7,970
18, 020
7,892
17,859
7,279
19, 253
7,729
20,289
7,050
20, 689
6,393
19, 515
1.295
1.295
OILS, FATS, AND ANIMAL
BYPRODUCTS
Animal fats and byproducts (quarterly):
Animal fats:
Consumption, factory
...thous. of lb._
176 561
150 070
Production
thous. of lb._
579, 049
5*4 471
Stocks, end of quarter
thous. oflb
373 655
362 129
Gelatin, edible:
Production
thous. of lb__
3,602
1,328
Stocks, end of quarter...
thous. of lb._
8 009
8 594
Greases:
Consumption, factory
thous. of lb._
50, 665 50. 744
Production
thous. of lb_.
88, 529
85, 801
Stocks, end of quarter
thous. oflb _
79, 633
97, 313
Lard compounds and substitutes:
Production
thous. of lb_.
247, 898
238, 336
Stocks. end of quarter
thous. oflb
23 648
27 301
Fish oils (quarterly) :
Consumption, factory.
thous. of lb_.
44, 536
36 092
Production
thous. of Jb_.
39, 797
43 936
Stocks, end of quarter
thous. of lb_.
151,814
157, 423
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly)
thous. of lb
617 782
789 311
Exports
thous. of l b _ _
1,034
1,744
444
504
2,232
5, 223
4,269
2,578
Imports!*
thous. of lb._ 68, 665
65, 624 « 79, 726 « 93, 139
90, 331
86, 451
55, 176
91, 959
Production (quarterly)
thous. of lb_.
547, 514
812, 514
Stocks, end of quarter:
Crude
thous. of l b _ _
564, 074
757, 523
Refined
_
thous. of lb..
655, 532
801. 835
a
Revised.
* New series. For earlier data see p. 20 of the April 1933 issue (inethanol) and p. 19 of January 1934 issue (explosives).
oils; for 1933 revisions for months not shown on exports see p. 20 of this issue.
Digitized for table
FRASER
• Texas only. Louisiana produced 23 percent of U.S. production in 1933.
177, 809
692, 340
417 599
190, 774
545, 950
444 620
4,886
9 561
3,585
8,908
64,940
88, 154
84, 600
2,524
66, 010
......
64, 722
90, 175
75, 652
240, 739
26 599
218, 114
25 133
38 166
33, 158
158, 396
43, 104
9,136
161,411
829 229
2, 138
51, 535
640, 075
716 692
870. 068
1,773
70, 163
923
56, 668
652 544
1, 094
59, 694
361, 986
530 959
797, 171
!zer and imports of vege-
SURVEY OF CURRENT BUSINESS
38
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 1934
1934
July
1934
Julyy
October NovemAugust September
ber
D
tr- h™
February
March
April
May
June
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND ANIMAL
BYPRODUCTS— Continued
Vegetable oils and products— Continued.
Copra and coconut oils:
Copra:
Consumption factory (qunr ) short tons
76, 805
77 944
74 697
65 439
Imports #
short tons. _ 37, 352 46, 58 1 31, 783 24, 983 32, 530 36, 312 30, 182 23, 786
21, 698
18, 079
12, 037 24,519
20 599
44, 537
Stocks, end of quarter
__ short tons__
59, 831
49, 190
35 386
Coconut or copra oil:
Consumption, factory:
161, 829
178 3S9
Crude (quarterly)
thous. of Ib
133 934
177 236
81 498
Refined total (quarterly) thous of Ib
78 ?90
83 004
72 048
6,315
10, 750
12, 659 a 13, 251
14, 687
In oleomargarine
thous. of lb._
14, 307
13, 028
13, 599
9,396
10, 558
12, 745
10, 559
4,542
Imnorts #
thous. of lb._ 35, 742 13, 026 22, 727 33, 887 38, 203 40, 668 15, 971 46, 296 35,816 22 079 30 533 24, 614
29 047
Production (quarterly):
Crude
thous. of lb__
96, 526
95 0^2
98, 579
84 291
Refined
_
thous. of lb._
79, 931
73, 395
76, 143
97 301
Stocks, end of quarter:
Crude
- -thous. of Ib—
132, 530
182, 822
192, 803
174 154
14,792
Refined
thous. of lb._
16, 400
15, 562
39 888
Cottonseed and products: t
Cottonseed: f
QO 597
Consumption (crush)
short tons__ 96, 167 "157, 624 233, 223 522, 590 646, 532 576 957 446 204 471, 078 440 480 346, 330 170 588 110,312
Receipts at mills
_ - -.short tons__ 40, 330 « 60, 939 232, 646 891, 359 1,130,474 846, 525 404, 006 191, 428 162, 454 107, 802 40 744 55, 365
52 143
224,
639
"220,
938
Stocks at mills, end of month.short tons..
220, 306 589, 130 1,073,072 1,324,640 1,300,442 1,020,792 742, 249 503, 721 373, 877 318, 930 280, 476
Cottonseed cake and meal: f
91
961
2,231
16, 494
8, 936
380
78
10, 119
14, 130
14,625
5,305
203
ExDorts t
-short tons..
366
Production
short tons.. 44, 129 0 71, 629 106, 632 232, 851 289, 617 258, 955 207 711 211, 110 199, 972 163, 828 80 814 50, 880
41 800
128,
379
"160, 874 178, 853 258, 257 313, 114 315, 070 312,096 289, 538 279, 103 264, 299 252, 014 219, 748
Stocks at mills, end of month.short tons..
176, 178
Cottonseed oil, crude: t
0
Production
thous. of lb._ 32, 795 49, 630 70, 878 159, 454 201, 648 179, 866 137, 987 145, 587 136, 564 112,547 58, 201 38, 676
27, 586
Stocks, end of month
thous. of lb__ 35, 549 -51,269 58, 826 119,580 145, 196 159, 877 168, 850 188, 908 173, 761 146, 569 109, 290 76, 077
45, 045
Cottonseed oil, refined:
Consumption, factory (quarterly)
thous. of lb__
263, 371
248, 412
252 827
257 597
4,150
1,274
1,332
In oleomargarine
thous. of lb._
1,489
2,158
3,369
1,777
1,536
1,889
1,938
2 073
1,785
3 718
Price, summer yellow, prime, N.Y.
.059 a .064
dol. per lb__
.052
.042
.051
.047
.050
.045
.047
.051
.052
.043
. 053
Production f
thous. of lb._ 42, 204 58, 050 58, 090 77 593 156, 657 151 963 122 4^6 110 950 132, 791 126 978 95 850 63 892
55 826
Stocks, end of month f
thous. of lb__ 655, 584 "676, 332 640, 607 622. 799 676, 537 723, 138 769, 235 780, 992 811,464 838, 547 844, 033 805, 216 740, 721
Flaxseed and products:
Flaxseed:
821
1,391 a 1,805
Imports, United States #... thous. of bu_.
2,515
1,031
1, 524
1,690
1,981
1,637
1,898
484
1,144
806
Minneapolis and Duluth:
9
244
1, 123
524
322
Receipts
thous. of bu._
118
155
1,568
288
250
139
148
98
254
169
158
81
58
171
645
36
Shipments
thous. of bu._
629
91
208
113
875
1,452
Q83
696
Stocks, end of month
thous. of bu_.
1,117
1, 834
964
981
984
1,039
793
646
Oil mills:
Consumption, quarterly thous. of bu__
6,074
5, 156
6 760
5 016
Stocks end cf quarter
thous. of bu__
2,051
2, 859
2 713
1 421
1.90
2.05
1.82
1.88
1.91
Price, no. 1, Minn
dol. per bu_.
1.88
1.80
1.89
1.77
1.90
1.82
1.91
1.77
Production crop estimate thous. of bu__ / 5, 252
« 6 806
Stocks, Argentina, end of month
3, 150
4, 724
thous. of bu_7,283
2,939
1,772
2, 362
4,331
6,299
5, 118
1,575
2,362
4,724
6,693
Linseed cake and meal:
Exports
thous. of lb._ 33, 441 38, 3S2 53, 686 52, 431 56, 544 61, 009 56, 069 43, 239 37, 766 33, 080 38, 136 31,739
34, 328
Snipinents from Minneapolis
8,651
thous. of Ib _
6, 199
8,938
10, 025
6, 508
7,405
8 228 10, 760
Linseed oil:
Consumption, factory (quarterly)
thous. of lb_63,712
70, 824
55 778
78 189
.098
.108
.097
Price, wholesale, N.Y
dol. perlb..
.105
.104
.093
. 093
.096
. 093
.097
.095
.093
.099
97, 452
113,413
98 026
Production (quarterly)
thous. of lb._
133 906
5,861
1,679
2,337
Shipnients from Minneap thous. of lb.
4,864
5,351
2, 436
1 400
997
Stocks at factory, end of quarter
thous. of lb.
99, 632
160, 791
128,413
157, 724
Lard compound:
.078
.083
.074
.073
Price, tierces, Chicago*
dol. per lb._
.079
.069
.074
.068
.068
.073
.074
.066
.073
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of Ib.. 15, 847
18, 929
16, 861 21, 350 22, 083
19, 227
23, 446 22, 417 23, 597 23, 809
13, 870
16, 146 20, 063
Price, standard, uncolored, Chicago
.080
dol. per Ib..
.095
.094
.070
.080
.095
.095
.070
.070
.078
.070
.078
.073
Production
_
...thous. of lb._ 16, 363 18, 406 20, 859 21, 553 23, 664 23, 943 21, 386 17, 870 21, 572 23, 616 18, 023 18, 266
13, 986
PAINTS
Paints, varnish, and lacquer products :§
22, 090 20, 621
18, 944
19, 098
17, 715 23, 193 27, 769 33, 679
Total sales (588 estab.).__
thous. of dol. _
16, 231 16, 156 20, 644
28, 794
15, 033 14, 163
12, 326
Classified (315 estab.)
thous. of dol—
13, 007
13, 486
11,895 15, 610 18, 436 22, 172
11, 223 10, 576
18, 944
6,406
6,323
4,950
5,639
8,092
Industrial
-thous. of dol..
5,545
6,015
7,105
4,656
4,418
7,630
7,590
8,627
7,840
7,462
7,471
8,505 10, 846 14, 080
7,376
6,256
Trade
thous. of dol—
6,566
6,158
11,314
6,457
6,091
7,583
Unclassified (273 estab.)
thous. of doL7,057
6,618
5,012
7,158
5,820
5,580
9,851
9,333 11, 507
Plastic, cold-water paints, and calcimines:
Sales:
Calcimines
dollars 211,782 161,415 143, 483 174, 793 154, 521 119, 733 137, 964 134, 418 118,811 140, 743 271 929 "322, 583 r 77 5i7
25 732
Plastic paints
- dollars. . 21,330 109, 266 104, 376 79, 681 62, 429 84, 655 79, 792 61, 446 49, 437 45, 136 44 706 0a 39,825
66, 913 63, 942 69, 745 54, 049
50, 452 69, 406
Cold-water paints
dollars. . 63, 442 61, 443 63, 572 56, 844
77, 454
70 783 93, 204
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose:*
Sheets, rods, and tubes:
715
1,228
1,585
1,598
948
1,152
1,387
1, 435
Production
thous. of Ib
909
798
973
1 384
778
748
1,119
1,551
1,450
1,277
1,252
Shipments
.
thous. of lb..
1,221
930
1,046
1,026
1,069
946
1,085
C ellulose-acet ate : *
Sheets, rods, and tubes:
405
192
214
317
230
207
325
Production
thous. of Ib
358
258
436
512
302
510
222
232
264
230
218
352
418
Shipments
thous. of Ib—
279
377
351
556
300
558
° Revised.
* For earlier data on lard compound price see p. 18 of the January 1933 issue. Data not available for cellulose products prior to January 1933.
t Revised series. For year ended July 1932 see p. 20 of the February 1933 issue, cottonseed, and for the year of 1932 see p. 37 of the June 1933issue,
iss exports of cottonseed
f cake and meal. Data revised for 1933 for months not shown above, see p. 19 of this issue.
§ Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting.
• Dec. 1 estimate.
# See footnote on p. 35 of this issue. Data revised for 1933 revisions for months not shown above will appear in a subsequent issue.
/ August 1 estimate.
39
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
1933
|
July
July
August SeptemOctober
ber
1934
N
°bve8rm-
Decem- January
ber
F
*r
March
April
May
June
CHEMICALS AND ALLIED PRODUCTS—Continued
ROOFING
Dry roofing felt:
Production
_ _ __ short tons _
Stocks, end of month
short tons..
Prepared roofing, shipments:
Total
thous. squares ,
Grit roll
thous squares
Shingles (all types)..
_ thous. squares..
Smooth roll
thous. squares..
20, 313
3,908
17, 457
7,110
12, 434
5, 989
14, 322
4,341
10, 819
4,499
7,352
5,003
8,868
8,037
7,722
6,647
13,817
6,350
19,816
5,072
10,945
4. 077
17, 021
6, 324
2,700
662
617
1,421
1,774
487
465
822
2, 078
491
437
1, 147
2,582
555
480
1,547
1,561
329
342
890
830
168
157
505
1,046
215
144
688
1, 006
223
178
605
2,161
420
412
1,329
2,873
536
727
1, 610
2,334
587
656
1,091
1, 265
326
383
551
« 7, 443
« 7, 681
7,453
3,955
3,488
o 4, 403
"3,218
4,745
2,708
ELECTRIC POWER AND GAS
ELECTRIC POWER
^nsumption, industrial, for power purposes.
(See Business Indexes.)
'uel consumed in production of electrical
energy. (See Fuels.)
'reduction, totalf
mills, of kw.-hr..
By source:
Fuelsf
mills, of kw.-hr_.
Water powert
..
_ mills, of kw.-hr
By type of producer:
Central stationsf
mills of kw.-hr
Street railways, manufacturing plants, etc.
mills, of kw.-hr
ales 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 and street lighting
mills, of kw.-hr
.Railroads:
Electrified steam
mills, of kw.-hr
Street and interurban. .mills, of kw.-hr_.
Gross revenue from sales of energy (Electrical
World)
thous of dol
Revenues from ultimate consumers (Edison
Elec. Inst.)
thous. of dol. .
GAS
Manufactured gas:*f
Customers, total _ ._
thousands
Domestic
thousands
House heating
thousands..
Industrial and commercial
thousands. _
Sales to consumers
millions of cu. ft._
Domestic
millions of cu. ft
House heating..
millions of cu. it-Industrial and commercial
millions of cu ft
Revenue from sales to consumers
^hous. of dol .
Domestic
thous. of doL.
House heating..
.. .thous. of dol .
Industrial and commercial. .thous. of dol_.
•Jatural 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.
7,491
7,688
7, 350
7,479
7,243
7,470
7,631
7,049
7,717
4,660
2,831
4,766
2,922
4, 440
2,909
4,854
2,625
4,725
2,518
4,736
2,734
4,662
2, 970
4, 751
2,298
4, 642
3, 075
7,036
7,215
6,911
7,026
6,788
6,990
7,147
6,571
7, 263
6, 981
o 7, 193
7,021
455
473
439
453
455
480
4S4
478
454
462
488
432
5,760
867
1,013
3,310
5,872
864
1,014
3,401
5, 830
940
1,041
3,254
5,780
1,003
1,068
3,068
5,716
1,081
1,102
2,862
5,691
1,147
1,138
2,662
5,911
1,244
1,162
2,748
5, 766
1, 123
1,085
2,831
5,796
1,056
1,046
2,971
5,842
1,026
1, 059
3,119
5,917
967
1 , 035
3, 293
5, 882
973
1,049
3,273
150
166
176
191
197
212
222
202
191
176
168
144
56
302
56
309
55
304
58
332
59
353
63
387
62
396
62
388
66
413
59
356
57
349
55
338
154 860
154, 930
160 080
183, 940
165 890
169, 540
143, 212
143, 442
146, 688
150, 390
153, 980
156, 127
162, 070
154, 832
149, 780
149, 852
147,915
147, 337
9,809
9 321
44
437
24, 810
18, 449
206
9,819
9,329
44
438
24, 407
18, 030
176
9, 866
9 372
48
436
26, 200
19, 882
244
9,902
9,387
68
438
28, 214
21,017
836
9,880
9, 355
78
437
29, 382
20, 254
2,484
9,856
9,328
81
438
31, 054
20, 577
3,659
9,859
9,320
89
441
33, 143
21,417
4,562
9, 876
9,335
91
441
33, 425
20, 905
4,833
9, 861
9,318
88
445
33, 841
21,201
4, 592
9,911
9,364
93
443
31, 886
20, 484
3,348
9,971
9 4?5
95
440
30. 149
20, 871
1, 660
10, 004
9 461
91
441
28, 657
20, 441
670
a
6 023
6 067
5, 930
6 179
6,443
6,636
6 945
7,481
7,848
7,872
7 460
7,404
28, 429
23, 117
185
5,027
27, 764
22, 487
162
5,016
30, 048
24, 688
217
5, 028
31, 705
25, 716
621
5,241
31,961
24, 709
1,644
5,476
32, 938
24, 877
2,346
5,577
34, 527
25, 727
2,895
5,757
34,242
25, 128
3, 019
5, 950
34, 481
25, 394
2,851
6, 094
32, 869
24, 684
2,152
5,900
32,313
25, 224
1,298
5,669
31,351
25, 162
540
5,549
5,247
4,977
268
52, 696
11, 228
5,274
5, 008
265
52, 374
10 296
5, 331
5, 063
267
56, 399
11,869
5, 387
5,109
276
61, 679
15 135
5,463
5, 164
298
74, 393
23 838
5,445
5,145
299
80, 300
31,406
5,483
5,175
306
93, 222
39 238
5, 500
5, 191
307
94, 349
38, 402
5,504
5, 193
309
92, 177
37, 879
5, 492
5, 189
301
83, 073
29, 756
5, 478
5, 184
292
72,127
21, 143
5,484
5,199
283
66, 509
15, 106
40, 920
41, 432
43, 688
45, SS2
49, 753
47, 761
53, 080
54, 836
52, 898
52, 340
50 143
50, 523
17, 313
9,861
7,359
16, 935
9,337
7,495
18, 216
10, 288
7,804
20, 874
12, 296
8,467
25, 911
16, 434
9, 335
29, 865
20, 271
9,398
35, 406
24, 850
10, 388
34,815
23, 814
10, 812
34, 085
23, 382
10, 498
29, 418
19, 254
9,996
24, 170
14, 799
9, 236
21,020
11,851
9,035
2,165
2,119
4,403
2,008
2,494
4,762
1,865
2,422
5,218
2,625
3,263
5,675
2,885
3,703
6,325
3,796
4,455
6,718
*>3,702
J>3,903
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:*
Consumption (tax-paid withdrawals)
thous. of bbl
Production
....thous. of bbl
Stocks, end of month
thous. of bbl
Distilled spirits:*
Consumption (tax-paid withdrawals)
thous. of proof gal
Whisky
thous. of proof gal
Production, total
thous. of proof gal
Whisky
thous. of proof gal
Stocks, end of month
thous. of proof gal
Whisky
thous. of proof gal
!
2,816 I
3,519
3,839
2,953
3,488
4,240
2,669
2,875
4,341
2,039
2,292
4,460
517
230
2,311
2,074
21,714
19,122
471
256
2,311
2,074
23,168
20,472
517
159
2,311
2,074
25,464
22,695
1,269
4,337
965
3,753
2,311
5,769
2,074
4,794
27,582 | 28,695
24,917 | 25,850
3,418
2,828
7,345
6,567
32,280
29,269
2,281
1,893
7,970
7,211
37,992
34,496
2,780
2,376
10,281
9,009
45,766
41,326
2,405
2,124
9,635
8,828
51,404
46,386
2,381
2,097
9,331
8,695
58,137
52,859
Butter:
Consumption, apparent*.
.thous. of lb_. 133,067 «131t 680 | 142,668
Price, N.Y., wholesale (92 score).dol. per lb._
.24
.25 |
.21
Production (factory)f
thous. o f l b . _ 171,682 a!76,222 166,884
Receipts, 5 markets
thous. of l b _ _ 61,251
64,057
63,877
139,403
.24
138,801
54,844
143,939
.24
129,689
50,801
134,709 I 138,550
.24
.20
112,413 111,763
47,955
49,226
147,530
.20
112,430
45,882
145,476
.25
106,448
40,888
144,107
.25
122,746
50,520
136,671
.24
133,218
47,206
159,369
.24
174,692
61,499
150,934 ! 175, 476 1 174, 713 1 160,463
138,1661111,249
36,853
15,351
461
243
2,311
2,074
21,258
18,825
1,678
1,918
4,585
DAIRY PRODUCTS
Stocks, cold storage, creamery, end of month
a
Revised.
p
thous. of Ib.-l 108. 742
Preliminary.
75,995,
11,838)
27,161
138,657
.25
181,759
63,812
a
70,148
* New series. For earlier data see p. 19 of the May 1933 issue, manufactured gas, and p. 19 of the June 1933 issue, butter consumption. Monthly data on distilled
spirits available beginning July 1933 and on fermented malt liquors, April 1933.
f 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; for manufactured gas for 1932
and 1933 and natural gas for 1931, 1932, and 1933, see p. 20 of the May 1934 issue; for butter production for 1931 see p. 20 of the January 1933 issue.
40
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
SURVEY OF CURRENT BUSINESS
1934
September 1934
1933
July
1934
Decem- January FebruAugust Septem- October November
ber
ary
July
March
April
May
47, 833
June
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS— Continued
Cheese:
Consumption, apparent!
thous. of lb—
Imports^
thous. of lb—
Price, No. 1 Amer. N.Y
dol. per lb—
Production (factory) t
thous. of lb—
American whole inilkfthous. of lb .
Receipts, 5 markets _
thous. of lb—
Stocks, cold storage, end of monthf
thous. of lb—
American whole inilkf
thous. of lb—
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened)
thous. of lb—
Evaporated (unsweet'ed)§— thous. of lb—
Exports:
Condensed (sweetened)
thous. of lb—
Evaporated (unsweetened). thous. of lb—
Prices, wholesale, N.Y.:
Condensed (sweetened) --.dol. per case-Evaporated (unsweet'ed)-.dol. per case-Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods
thous. of lb—
Case goods
- -thous. of lb—
Evaporated (unsweetened):
Case goods
thous, of lb—
Fluid milfcf
Consumption in oleomargarine
thous. of lb-Production, Minn, and St. Paul
thous. of lb—
Receipts:
Boston, incl. cream
thous. of qt—
Greater New York *. - ——-thous. of qt-Powdered milk:
Exports
thous. of lb—
Orders net new
thous. of ibStocks,' mfrs. end of nio
thous. of lb—
i
I
a
46, 932
39, 212
49, 068
3,213
3, 440
3, 100
.13
'.14
' . 15
62, 682 « 61, 373
49, 927
49, 106 a 4g) 157
39, 651
16, 487
16^ 923
12,' 656
41, 305
2 730
'.13
43, 291
33, 897
12, 170
44, 770
3 830
'.13
36, 494
28, 006
12, 709
39, 978
4, 988
'.13
24, 410
18, 027
10, 771
37, 182
4 524
'.13
25, 742
19 234
10 747
44, 284
2 823
13
28, 436
45, 459
59, 854
. 15
37, oil
og 234
9 938
44, 897
13, 788
44, 371
3 902
'. 17
28, 962
21 536
12 366
4't, 7^7
tut
q O/
(\^p.
o,
D
. 13
45, 352
3, DQ7
oy/
. 15
66, 545
i>3, ^22
14 392
10 553
' . 14
61, 754
47 563
15 029
115,810
97, 002
94, 291
82, 771
108, 035
94, 394
113, 131
99, 326
109, 655
95, 831
99, 009
85, 146
91,970
77, 773
78, 789
65, 476
67, 819
54, 934
62, 153
49, 856
65, 450
52, 217
71, 469
58, 073
« 96, 960
« 79, 925
16, 997
190, 089
14, 805
179, 668
15, 704
149, 757
18, 201
128, 079
19, 232
109,754 I
13, 766
73,039
14, 708
84, 972
15, 836
99, 073
13, 015
100, 272
16, 989
131, 719
20, 532
152, 401
24, 907
188, 688
22, 103
210, 750
1,261 I
3,278|
330
3,305
342
2. 394
312
2,885
1,927
286
« 2, 800
476
3,545
253
2,597
201
3, 421
597
4, 053
544
1,615
1,276
2,562
4. 85 J
2. 70
4. 73
2. 63
4.73
2.70
4.73
2.70
4.73
2.70
4.73
2.70
4.73
2.70
4.85
2.70
4.85
2.70
4.85
2.70
4. 85
2.70
4.85
2.70
4.85
2.70
9, 238
17, 156
11,437
16, 932
11, 186
16, 428
10, 364
14, 683
10, 523
13, 198
9,813
10, 783
9.664
9,137
7,657
6,394
5, 943
4,774
4,918
4,875
4,937
5,924
8,458
9,239
« 10, 105
13,912
203, 885
131,980
177, 536
208, 493
234, 665
225, 040
210, 407
167, 074
112, 936
99, 176
117,115
151, 691
153, 149
322
a
a
251
1, 843
1Q Q21
V3 7QS
Co, /CO
3, 900
4, 426
5, 044
5,220
5, 344
5,765
5,106
4,313
5,041
5, 682
4,225
4. 168
3,461
31,899
29, 395
25, 984
22, 812
25, 074
26, 300
31, 349
35, 021
33,813
38, 665
36, 732
37, £08
35, 202
19, 235
110, 659
19, 382
111,747
18, 243
107, 756
18,617
111, 298
17, 604
104, 901
16,713
106, 185
17,328
104, 575
16, 250
96, 427
18, 216
107, 667
17, 758
103, 395
18. 7fi3
111,196
19, 168
110, 931
205
n 071
215
196
9 51^
22^716
30,' 100
351
9, 732
29, 372
130
10, 577
24, 920
316
l!>! 294
iiu,
n io^t
-i CM
20, 332
162
is] 303
192
H , 77Q
/ to
13,140
25,' 006
10, 923
27, 648
F225
12 670
35,' 003
309
° 14, 691
40, 315
1, 535
1,597
6,530
16, 509
9, 170
«142,981
6, 856
6,806
4,722
4,367
2,254
1,387
756
6,415
1,871
1,749
6, 904
3,407
7,515
8,292
3,328
8,376
10, 822
2,018
7,135
13, 604
2,195
5,474
14, 409
2,605
3,858
11,741
2,125
2,131
15, 785
1,971
1,055
13, 039
2,933
392
12, 303
3, 031
10, 140
2,872
209
13, 008
42, 717
FRUITS AND VEGETABLES
Apples:
nfi 90*^
Production, crop estimate
tnous. of bu— ;/ 1I00,ouo
1,145
Shipments, car lotf
carloads.Stocks, cold storage, end of month
thous • of bbl__
Citrus fruit, car-lot shipments!
carloads—
8,128
1,303
Onions, car-lot shipments!
carloads—
Potatoes:
Price white N Y
doi per 100 lb
1.20
Production, crop estimate
thous. of bu ._ / 327,251
18, 748
Shipment"* car lott
carloads
GRAINS
Exports, principal grains, including flour and
759
meal!
thous. of bu—
Barley:
Exports, including malt!
thous. of bu._
165
Price, no. 2, Minn
dol. per bu—
•^119 081
Receipts, principal markets*— -thous. of bu_. 3/509
6,946
Visible supply, end of month. -thous. of bii__
7,869
1,156
184
01 f
G.LU
2.371
2.305
2.080
2.017
1.965
2.506
2.388
2,013
1,762
1,541
10, 795
17, 478
21,902
13, 685
1.997
320, 353
12, 247
2.195
12,017
21, 748
17, 158
23, 634
19, 763
21, 467
25, 687
« 2, 969
« 2, 831
• 2, 605
« 2, 169
4,609
« 6, 657
5,325
4,854
5,757
6,220
5,182
1,884
836
.64
437
.58
411
.69
283
.67
1,314
.63
514
.71
502
.71
690
.70
425
.68
408
.72
139
.85
6,280
11, 633
5,719
14, 069
6,687
14, 830
4,315
15, 692
151
.68
«156 988
2,974
2,825
15, 665
14, 635
4,411
14, 102
3,026
13, 362
3,574
12, 207
2,678
10,911
3,502
9,301
3,813
8,317
438
6,005
482
4,645
5, 761
1,283
8,694
167
4,163
244
4,797
247
5,737
209
4,690
371
5,271
248
6,738
.50
.53
.44
.48
.38
.42
.43
.44
.45
.50
.45
.49
.45
.51
0)
.49
0)
.55
13, 543
14, 659
57. 747
21, 333
10, 675
59, 670
15, 052
8,688
68, 067
14, 458
6,812
68, 384
12, 800
9,017
65, 682
8,632
9,471
57, 396
8,072
15, 877
46, 808
9,579
11,353
38, 518
«232
.36
__ _ 19, 978
44, 746
-178
.35
105
.32
69
.30
84
.33
95
.32
68
.35
81
.43
8,815
49, 367
5,054
48, 642
4,029
42, 307
3,050
38,011
2, 736
32, 902
5,002
26, 205
Corn:
581
518
Exports, including meal!
thous. of bu-6,511
5, 721
Grindings
thous. of bu-Prices, wholesale:
.52
No. 3, yellow (Kansas City)— dol. per bii-_
0)
.57
.66
No. 3, white (Chicago)
dol. per bii-_
f
\
607
108
Production, crop estimate
tnous. of bu__
Receipts, principal markets
thous. of bu_- 26, 568 46, 223
Shipments, principal markets --thous. of bu.. 13, 610 23, 594
Visible supply, end of month. -thous. of bu— 44, 830 63, 456
Oats:
155
76
Exports, including oatmeal!--- thous. of bu._
.39
.45
Price, no. 3, white (Chicago)
dol. per bu-_
Production, crop estimate
thous. of bu_. / 545,345
Receipts, principal markets
thous. of bu.. 3,388 16, 542
Visible supply, end of month. -thous. of bu.. 21, 445 34, 598
e
408
3,924
.43
.47
«2, 343,883
26, 610 "~21~840~ 16. 622
7,921
17,887
13, 729
61, 462
64, 045
69, 334
82
.34
74
123
.35 __ _ _ .37
__ _
'731,524
3,390
3,938
47^ 818
44, 696
46, 503
.57
. 62
22, 524
89, 197
59, 149
Exports!
pockets 100 Ib— 75, 296 163, 348 73, 077 26, 987 78, 296 a 79, 288 96, 097 104, 951 87, 639 142, 504 58, 656 a 41, 267
Imports*
pockets 100 lb- 58, 464 20, 345 30, 368 23, 034 15, 169 27, 494 22, 861 15, 338 22, 150 35, 581 44, 493 52, 973
Price, wholesale, head, clean, New Orleans
.039
.039
.039
.039
.039
.034
.036
.039
.039
.031
.038
.039
.029
dol. per lb-*35 619
Production, crop estimate
thous. of bu— / 35 QQg
Receipts, southern paddy, at mills
183
191
496
191
932
2.094
721
1,100
426
153 :
1,067
112
171
thous. of bbl. (162 Ib.)Shipments to mills, total
525
417
746
853
436
431
605
965
773
910
483
554
573
thous. of pockets (100 lb.)~
35
57
64
52
63
92
47
96
71
87
28
67
50
New Orleans— thous. of pockets (lOOlb.)..
Stocks, domestic, end of month
1,575
1,896
2,439
2,215
2,632
671
2,767
1,157
2,373
2,488
2,648
937
thous. of pockets (100 lb.).. 1,267
/ Aug. 1 estimate.
• Dec. 1 estimate.
* Revised.
* New series. For earlier data see p. 20 of the November 1932 issue, barley, receipts of milk in Greater New York, p. 20 of the August 1934 issue.
f Revised series. For revisions refer to the indicated pages of the monthly issue?, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American
whole-milk cheese, p. 19, April 1933. For 1932 data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39, September 1933. For subsequent revisions for 1932 on production of evaporated milk. p. 39, November 1933 For 1933. car-lot shipments of apples, citrus fruits, onions, and
potatoes, p. 39, April 1934. For 1932 exports of rice, p. 39, June 1933. Revised figures on 1933 exports of grains (total), barley, corn and rice for months not shown above
are on p. 20 of this issue.
# See footnote on p. 35 of this issue. Data for 1933 also revised, revisions for months not shown above will appear in a subsequent issue.
§ Bulk evaporated rnilk not included since December 1931.
i Quotation not available.
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may he found
in the 1932 Annual Supplement to the Survey
1934
1933
1934
July
41
July
1
Decem- January| FJ™'
! August Septem- October November
ber
March I April
May
June
FOODSTUFFS AND TOBACCO—Continued
GBAINS— Continued
Rye:
a
0
6
3
Exports, including
flour
thous. ofbu..
.74
.72
.83
Price, no. 2, Minneapolis
dol..perbu_.
Production, crop estimate
thous of bu f 17, 261
1,689
1,218
Receipts, principal markets*... thous. of bu._ 2,246
11, 273
11, 998
Visible supply, end of month*_thous. of bu._ 12, 208
Wheat:
Exportsrf
1,391 « 1, 721
2,168
Wheat, including
flour
thous. of bu—
826
29
21
Wheat only
thous. of bu_.
Value, wheat and flour. (See Foreign
Trade.)
Prices, wholesale:
No. 1, Northern, Spring, Minn,
1.08
.94
dol. per bu._
1.10
1.01
.92
.92
No. 2, Red, Winter, St. Louis-.dol. per bu_.
.98
.93
.90
No. 2, Hard, Winter, K.C._..dol. per bu~
Weighted average 6 markets, all grades
1.00
.92
.95
dol. per bu._
Production, crop estimate, total
thous. of bu_. /490, 960
Spring wheat
thous. of bu / 90, 438
Winter wheat
__
_thous. of bu-. '400, 522
37, 172
Receipts
..
thous. of bu
26, 748
49, 708
17, 527
13, 729
Shipments
thous of bu
16 831
459, 660 482, 600
Stocks, visible supply, world thous. of bu_.
Canada__.
_
. thous. of bu 185, 123 193, 879 191, 545
United States
thous of bu 117 973 135, 493 149, 732
Stocks, held by mills (quarterly)
thous. of bu
Wheat flour:
10, 322
7,127
Consumption (computed)t
thous. of bbL.
362
Exports
thous. of bbL.
290
286
38, 288
Grinding of wheat.
_.
thous. of bu
30, 866
Prices, wholesale:
7.14
7.55
Standard Patents, Minn
dol. per bbl—
7.18
Winter, straights, Kansas City
6.11
6.05
6.01
dol. per bbl.Production:
6,719
Flour, actual (Census)
thous. of bbl-8,275
Flour prorated, total (Russell's) t
9,375
7,956
thous. of bbl
Offal
thous. oflb680, 822 548, 544
Operations, percent of total capacity
53
40
Stocks, total, end of month (computed)
4,960
4,463
thous. of bbL .
Held by mills (quarterly)... thous. of bbl
3
.71
«3
.62
1,704
12,968
668
13,158
0
0
.60
• 21, 236
430
1,501
14, 153
13, 735
0
.64
0
.61
3
.59
9
.57
0
.60
1
.69
402
12, 936
236
12, 032
181
11, 621
251
11,002
1,368
10, 505
1,903
11,452
0
.62
1, 490
24
1,930
513
« 5, 975
« 4, 152
4,570
2,867
4,039
2,667
4,733
3,065
5,482
3,576
4,335
1,456
1,415
387
.90
.89
.87
.85
.86
.83
.86
.90
.84
.83
.87
.80
.88
.91
.84
.90
.91
.85
.88
.89
.82
.83
.83
.78
.94
.87
.86
1.09
.91
.89
.89
.84
.87
.83
.88
.91
.88
.83
.94
.95
8,408 12 479
6 492
14 566
495, 150 463, 660
211,091 196 869
86 856 77 631
23 445
15 447
451, 860
190 717
79 395
1,531
43
22,604
13 568
515, 950
213, 356
153 438
•527, 978
•176, 370
•351, 608
9,064
11 151
8 747 10 009
8 921
11 685
8 087 10, 231
532, 920 582, 140 558, 440 532, 980
241, 084 233 368 227 060 220, 759
129 574 113 671 104 554 94, 504
17, 624
17 473
516, 580
244, 965
149, 719
11,612
15 551
501, 060
242, 478
138 505
8,063
317
34, 473
8,749
312
37, 371
8,848
302
37 067
8,607
388
33 492
8,759
362
39 903
8,633
292
36 029
6.93
6.75
6.90
6.65
6.84
6.83
5.93
5.50
6.60
5.40
5.63
5.55
8,719
7,867
8,362
115,247
153, 635
173, 884
7,540
8,181
8,116
7,332
8,769
609, 599
46
9,171
656, 225
50
9,158
653, 267
52
8,062
589, 978
47
5,350
3,825
5,460
5,500
4,567
4 634
9,171
355
38,320
9,052
270
37 089
6.64
6.34
6.84
7.05
5.40
5.28
5.48
5.79
7,455
8,103
7,507
8 298
9 208
607, 078 657, 205
48
50
613, 279
46
9,465
9 564
8 677
706, 100 639, 724 674, 587
55
53
54
5,010
102 968
7,963
406
34 187
219
34 476
4,700
4,157
4,764
1,000
1,052
1,015
1,178
1,085
1 052
1,015
1 057
1 241
1 142
1,043
66
945
56
935
52
920
53
«932
61
448 926 499 805
2 063
1 514
462 362
1 356
4,761
4 650
3 914
LIVESTOCK AND MEATS
Total meats:
Consumption, apparent
mills, oflb—
1,051
1,159
1,205
1,163
1,160
1,038
1,272
Production (inspected slaughter)
1,164
1,185
mills, of Ib
1,077
1,251
1,231
1,066
1 465
Stocks, cold storage, end of month, total
1,104
1,146
730
995
mills, of lb..
940
773
911
1,048
Miscellaneous meats
mills, of Ib
73
75
79
50
54
65
65
71
Cattle and beef:
Beef and veal:
Consumption, apparent
thous. of Ib
423, 174 473, 257 465 155 489, 501 436 960 415 516 499 292
1,344
1,689
Exportsf
thous oflb
2 250
1 060 a 1 (J78
1 924
1 859
1 389
Price, wholesale:
Beef, fresh native steers, Chicago
.094
.098
.114
.096
dol. per lb._
.094
.082
.090
.089
Production, inspected slaughter
475,
679 466,068 494, 763 445, 009 423, 351 492, 762
426,
689
thous. oflb
Stocks, cold storage, end of month
thous. of Ib— 61, 375 41,823 48,446 51, 198 59, 233 70, 010 79, 232 72,948
Cattle and calves:
Movement, primary markets:
1 343
2 985
2 178
Receipts
--thous of animals
1,669
1 456
1 699
1 653
1 643
Slaughter, local
thous of animals
953
1 068
1 672
1 160
993
1 004
854
1 098
Slaughter, inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals—
603
1,231
460
971
638
731
491
527
Stocker and feeder. .thous. of animals213
« 110
528
470
261
381
176
165
Price, wholesale, cattle, corn fed, Chicago
6.32
6.60
6.77
dol. per 100 lb- 8.40
6.23
5.26
5.32
5.55
Hogs and products:
Hogs:
Movement, primary markets:
2 519
2 871
3 924
Receipts
thous of animals
2 521
6 494
4 231
3 207
3 332
Slaughter, local
thous. of animals. - 1,777
2,136
2,957
5,552
1,699
2,382
2,406
3,010
Slaughter, inspected.
(See Leather
and leather products.)
Shipments, total
thous. of animals..
856
732
736
1,032
813
828
929
1,207
Stocker and feeder
thous. of animals..
-42
55
46
37
33
41
28
29
Price, heavy, Chicago
dol. per lOOlb..
3.94
4.56
4.04
4.85
4.49
4.15
3.31
3.38
Pork, including lard:
Consumption, apparent
thous. of lb._
576, 467 628, 786 637, 565 652, 097 670, 866 567, 717 715, 880
Exports, totalf
thous. oflb— 51, 243 51, 112 49, 240 61, 157 61, 864 63, 705 67, 453 62, 617
Lardf
_ thous. oflb
36, 200
35, 714
33 466
48 743
49 812
47 563 a 54 838 51 202
Prices:
Hams, smoked, Chicago
dol. per lb.
.135
.132
.124
.122
.171
.127
.119
.118
Lard:
Prune contract, N.Y
dol. per Ib.073
.072
.060
.060
.057
.059
.051
.057
Refined, Chicago*
dol. perlb.074
.068
.069
.081
.067
.062
.071
.059
« Revised.
* New series. For earlier data, see p. 20 of the November 1932 issue, rye: and p. 18 of the January 1933 issue, lard price.
t Data revised. For revisions on wheat flour from July 1931 to December 1932, see p. 19 of the August 1933 issue. For
p.
40
of the June 1933 issue. For revised export data for months of 1933 not shown above, see p. 20 of this issue.
• Dec. 1 estimate.
/ Aug. 1 estimate.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
438 808 463 946
2 670
1 778
.090
.092
.099
.123
.113
431 000
454 655
437 914
493 768
463 411
64, 745
55,848
46,590
42, 546
1 404
952
1 500
999
1 592
1 04^
1 809
1
0
45, 471
9OQ
1 812
i 90 ^
437
121
495
138
518
147
592
162
585
139
5.83
6.51
7.44
8.23
8.57
2 727
1,853
9 <lfi8
9 A74.
o O7fi
9 fift/i
1,679
1,883
2,272
1,934
873
34
4.27
801
37
4.33
781
28
3.87
798
39
3.58
759
45
4.34
512 275 536 044
60,715 52, 114
36 908 39 493
518 587
631 250
79, 942
576 778
56, 251
49, 762
on QKH
fifi 1fi7
41 OO8
.120
.136
.138
.136
.156
.066
.071
.067
.077
.071
.073
.066
.070
.068
.073
revisions of bee! and veal exports for 1932 see
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
1934
July
September 1934
1933
July
August
1934
Severn- | 0 c t o b e r |Nov«n- Decem- January Februber
ary
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS— Continued
Hogs and products— Continued.
Production, inspected slaughter, total
thous. of lb__
Lard
thous. of Ib
Stocks, cold storage, end of mo.
thous. of lb_.
Fresh and cured
_. thous. of Ib _
Lard
thous of Ib
Sheep and lambs:
Lamb and mutton:
Consumption, apparent
thous. of lb._
Production, inspected slaughter
thous. of lb._
Stocks, cold storage, end of mo.
thous. of lb._
Movement, primary markets:
Receipts
thous. of anirnals..
Slaughter local
thous of animals
Slaughter', inspected. (See Leather and
leather products.)
Shipments, total
thous. of animals __
Stocker and feeder
thous. of animals. _
Prices, wholesale:
Ewes Chicago
dol. per 100 lb._
Lambs Chicago
- dol. per 100 lb.
Poultry and eggs:
Eggs:
Receipts, 5 markets
thous. of cases..
Stocks, cold storage, end of mouth:
Case
thous. of cases. .
Frozen
thous. of lb_.
Poultry:
Receipts 5 markets
thous. of lb..
Stocks, cold storage, end of mo.
thous. of lb_.
707, 930
148, 330
631,418
129, 045
539, 848
108, 085
518, 294
98, 180
752,912
143, 491
751, 663
150, 287
915, 320
188, 461
573, 708
115,974
508, 993
99, 612
572, 457
113, 056
699, 676
137, 597
853, 242 1,027,581 981, 177
643, 614 808, 322 756, 701
209, 628 219, 259 224, 476
822, 498
630, 437
192, 061
627, 001
493, 308
133, 693
645, 531
529, 454
116, 077
762, 206
629, 696
132, 510
899, 160
730, 404
168, 756
910, 000
733, 956
176, 044
830, 997
657, 222
173, 775
835, 185
656, 087
179, 098
823, 808
641, 568
182, 240
51, 055
56, 762
60, 116
63, 210
52, 543
54, 869
56, 556
48, 605
52, 039
47, 676
47, 166
45, 709
50, 862
56, 666
60, 540
63, 897
52, 952
56, 026
56, 799
47, 519
51,097
46, 976
47, 286
45, 829
1, 517
1,594
1,487
1,886
2,511
2,888
4,012
4,183
3,052
2,024
1,281
1, 363
1, 450
2,152
998
2,228
1,106
2,795
1,249
2, 911
1,277
3,268
1,351
2,064
1,068
1,774
1,033
1,818
1,132
1, 454
902
1, 570
957
1,838
959
2, 114
1,014
1,810
918
1, 155
190
« 1, 105
108
1,509
347
1,622
498
1,904
857
1,031
462
739
143
691
116
547
79
625
81
872
135
1, 014
891
115
1.78
5.91
1.83
7.20
1.88
6.81
1.88
6.34
1.88
6.40
1.88
6.28
2.44
6.59
2.75
7.23
4.18
8.33
5.00
8.63
4.75
8.90
a. oo
1, 63
7.24
8. 97
633, 062
124, 069
a
823, 560
« 628, 425
" 19,5, 135
1, 009
1,152
951
733
651
514
590
808
1,165
1,824
2, 051
1, 927
1, 452
8, 949
121, 506
9,507
107, 660
8,944
102, 449
7,466
93, 182
5,175
82, 302
2,641
72, 348
731
61,419
50
49, 910
90
39, 181
1,208
38, 679
4, 640
62, 632
7,819
93, 947
« 8, 965
22,417
22, 121
23, 966
24, 862
32, 098
80, 502
70, 640
31, 531
19, 336
16,435
13, 347
19, 604
22, 755
44, 824
44, 970
47, 789
50, 177
59, 528
91,211
123, 503
120, 177
101, 776
74, 197
49, 212
39, 790
« 40, (509
18, 198
.0550
23, 884
.0548
22, 056
.0470
11, 346
.0420
10, 903
.0458
» 9, 581
.0419
19, 146
.0472
16, 919
.0520
30, 502
.0540
26, 539
. 0539
8,044
. 0561
10, 843
. 0572
17, 832
23, 865
10, 260
11,409
22, 126
44, 599
52, 253
47, 607
42, 235
22, 287
9, 850
10, 568
1,586
745
865
.076
1,440
1,329
627
1,128
.076
1,565
1,465
770
834
.074
1,836
1,274
602
1,019
.074
1,646
1,448
873
838
.074
1,434
1, 426
752
1,144
.081
1,520
1,877
997
1,100
.091
1,419
1,476
779
1,353
.107
1,381
1,242
636
1,305
.109
1, 534
842
425
996
.104
1,212
903
418
790
.103
780
1, 449
546
736
. 102
901
22, 394
22, 370
23, 598
24, 725
0)
0)
0)
I1)
29, 309
27,141
6,634
1,006
6, 957
976
7,179
945
7,345
966
7,590
1,076
7,718
1,038
7,564
980
(')
8.084
1,025
31,118
6,418
747
8, 600
891
8. 504
932
8, 526
886
" 110,058
TROPICAL PRODUCTS
Cocoa:
Imports #
long tons.. 10, 456
Price spot, Accra, N.Y
dol. per i b _ _
.0535
Shipments. Gold Coast and Nigeria
long tons.. 10, 798
Coffee:
Clearances from Brazil, total.thous. of bags..
787
To United States
thous. of bags_.
512
Imports into United States #. thous. of bags..
788
Price, Rio No. 7, N.Y...
dol. per Ib...
. 095
Receipts at ports, Brazil
thous. of bags..
919
Stocks, world total, incl. interior of Brazil
thous. of bags..
Visible supply, total excl. interior of Brazil
thous. of bags..
8,496
United States
thous. of bags..
955
Sugar:
Raw sugar:
Cuba:
Stocks, total, end of month
thous. of long tons..
2,212
United States:
Meltings, 8 ports t
long tons.. 300, 448
Price, wholesale, 96° centrifugal, New
York
dol. per Ib. .
.032
Receipts:
From Hawaii and Puerto Rico
long tons.. 184, 033
Import** t # long tons
53, 117
Stocks at refineries, end of mo. t
long tons__ 626, 468
Refined sugar:
Exports, including maple t.
long tons..
6, 376
Price, retail, gran., N.Y
dol. per Ib..
.055
Price, wholesale, gran., N.Y... dol. per lb_.
.047
Receipts:
From Hawaii and Puerto Rico* long tons. . 11,039
Imports:
Cuba*
- - -- long tons
43, 939
Philippine Islands*
long tons-590
Shipments 2 ports
long tons
Stocks, end of month, 2 ports.-.long tons..
Tea:
Imports #
thous. of lb_.
6,471
Price, wholesale, Formosa, fine, N.Y
dol. per lb_.
.215
2, 386
2,213
2,081
1,598
1,292
1,212
926
1,335
1,862
2, 422
2, 475
358, 713
408, 918
277, 642
258, 209
264, 289
179, 119
237, 313
259, 470
289, 666
272, 885
344, 352
.035
.035
.036
.033
.032
.032
.032
.033
.031
.028
. 02S
.029
176,296
°311, 651
99, 100
169, 933
108, 023
177, 152
53, 354
63, 845
170, 729 "160, 908
30, 840
105, 123
79, 790
173, 846
192, 519
114, 484
201, 877
173, 838
151, 334
214, 079
146, 258
250, 111
149, 087
197, 640
498, 052
369, 780
311,462
290, 416
248, 054
203, 513
256, 031
291, 644
406, 345
516, 505
561, 680
537, 831
4, 062
.052
.046
4, 020
.052
.046
4,427
.051
.045
5, 965
.052
.043
3,560
.052
.042
4,187
.051
.044
4,248
.051
.044
4, 246
.051
.044
5. 622
.051
.041
4, 649
.052
.045
3, 513
. 054
.046
4, 900 .
.052
.044 i
2, 364
350,731
12, 224
13, 968
11,671
4,279
513
873
13, 203
9,981
13, 596
15, 294
14, 180
12, 300
46,963
39,454
27.971
86, 122
29,664
27,268
30, 985
16, 478
10,879
9,913
59, 718
38, 928
67, 208
42, 018
49, 909
32, 649
36, 464
25, 984
35, 636
34, 668
23, 473 1 26,360
39, 925
22, 701
48, 267
21, 950
53, 045
30, 282
45, 883
31, 164
16, 473
21 512
76, 934
25, 147
24, 728
3,323
58, 694
22, 373
8, 909
11, 575
9,496
10, 929
6,938
4,696
6,578
4,493
4, 389
5, 419
.175
.175
.175
.181
.185
.185
.193
. 199
.215
. 175
6,418 !
.175
7, 670
. 175
MISCELLANEOUS PRODUCTS
Candy sales by manufacturers. -thous. of dol. . 10, 010
22,319
10, 717
21, 553
22, 303
12,945
16, 286
22, 598
20, 516
19, 538
16, 884
21,951
16, 792
Fish:
Landings, fresh fish, principal ports
thous. of Ib
28, 784 34, 036 30, 542 33, 595 21, 170 ! 17, 043 16, 739
30, 699
34, 848
18, 185
24, 782
37, 906
Salmon, canned, shipments
cases..
323, 634 700, 734 603, 692 318, 730 200, 074 312,064 403, 556 513, 130 449, 736 229, 108 203, 316
263, 883
Stocks, total, cold storage, 15th of month
33, 331 44, 882 51, 475 55, 928 58, 338 1 57,188
thous. of Ib.. 50, 582
34, 285
44, 660 32, 712
20, 189
18, 481
15, 883
a
Revised.
* New series. For earlier data, see p. 20 ofthis issue, for receij)ts of refirled sugar from Ha\^Taii and I'uerto Ri(30 and in iports fro m Cuba, Earlier data not available
for Philippine Islands,
t For revised data for 1932 on su?ar m 3! tins s and stoCkS, S93 f . 41 of th 8 May 19 33 1SSU3. For 1932 revisions of sugar imports a nd expor fcs, see p.41 of the June 1933
issue. For revisions of exports in 1933 for months not shown above, see p. 20 of this issue.
#1 See footnote on p. 35 of this issua. Data revissd for 1933. Revision for months not shown above will appear in a subseauent issue.
Data not available.
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
43
1933
July
1934
August SeptemOctober Novem^'l January Februber
ber
ary
March
April
May
44 411
4,228
41 342
4, 775
31 3SO
4, 548
June
FOODSTUFFS AND TOBACCO—Continued
TOBACCO
Leaf:
Exports f
thous of Ib
19 013 30 621
Imports, unmanufactured #
thous. of lb_.
5,209
1,880
Production, crop estimate _ __thous. oflb _ f 1,042 942
Stocks, total, including imported types
(quarterly)
mills, of Ib
Flue-cured, fire-cured, and air-cured
mills, of Ib
Cigar types
mills of Ib
Manufactured products:
Consumption (tax -paid withdrawals):
Small cigarettes
millions-- 11, 355
9.526
Large cigars
thousands 378, 058 400, 511
Manufactured tobacco and snuff
thous. of lb_. 28, 691 28, 782
Exports, cigarettes
.
thousands 225, 387 °207. 710
Prices, wholesale:
Cigarettes
dol. per 1,000
5,380
4.851
Cigars _
dol. per 1,000_- 46, 839 46. 062
24 503
1,666
42 396
2,349
66 217
1,911
a
44 228
2,776
62 568
4.198
« 1,385, 107
9(3 997
4,218
28 406
5,449
99 553
6,139
2,009
2, 182
0
2, 435
2 204
1,529
389
1,718
377
!i
I, 957
1 727
" 384
387
11, 189
434, 821
9,528
423, 600
9,176
408, 452
6,835
415, 347
7, 800
276, 690
11, 483
337, 292
9,168
299, 214
9,333
354, 165
32, 942
171, 439
29, 133
271,311
30, 546
272, 496
25, 407
238, 329
21, 686
271, 219
30, 846
283, 784
28, 351
188, 956
31,478
246, 278
27, 260
344, 740
29, 056
336, 264
29, 420
252, 009
4 851
46. 062
4.851
46. 062
4.851
46. 519
4.851
46. 461
4.851
46. 461
5.274
46. 616
5.380
46. 893
5 380
46. 839
5.380
4(5. 839
5,380
46, 839
5, 380
46, 839
96
99
88
71
125
89
9, 294
11, 174
345, 067 380 450
12, 045
404 456
FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports
thous. of long tons..
Prices:
Retail, composite, chestnut
12. 60
dol. per short ton..
Wholesale, composite, chestnut t
9. 451
dol. per short ton-Production f_ _.
thous. of short tons.. 3, 443
2,974
Shipments f
thous of short tons
Stocks, in storage
thous. of short tons
Stocks, in yards of dealers, end of month
no. of days' supply
Bituminous:
Consumption:
Coke plants _
thous. of short tons. . 3, 519
Electric power plants f
thous. of short tons-.
Railroads
thous of short tons
Vessels, bunker
thous. of long tons
101
Exports -_
-thous. of long tons. - 1, 108
Price, retail composite, 38 cities
8.23
dol. per short ton-Prices, wholesale:
4. 185
Composite, mine run-_.dol. per short ton-Prepared sizes (composite)
dol. per short ton-- 4.343
Production f
-thous. of short tons.- 25, 280
Stocks, consumers, end of month
thous of short tons -
102
99
125
85
83
71
12. 26
12.65
13. 12
13.23
13.26
13.24
13.25
13.27
13.27
12. 94
12.34
12.40
9.542
3,677
3,239
736
9. 648
4,396
3,990
977
9. 982
4,993
4 ^22
I, 267
9.931
4,711
4,147
1,351
9.926
4,811
4, 098
1, 293
9.922
4, 424
4,012
1,106
9.912
6, 125
5,189
725
9. 881
5, 952
5,198
316
9. 878
6,418
5,356
308
9. 459
4, 837
4, 173
690
9. 084
5, 250
4.491
I, 1(35
9. 216
4, 1S4
3, 495
1 , 541
38
34
29
19
17
44
59
Gi
4, 306
4, 757
4, 459
2, 391
4, 837
81
075
2. 651
4, 804
122
1,074
2, 790
49
63
4,164
4,346
4,020
3,805
3,536
3,694
3,774
3,832
4,578
2,785
4,659
118
983
2,882
4,746
117
953
2,674
4,759
122
976
2,826
5,159
134
811
2, 738
5,002
140
1,000
2,827
4, 984
91
448
2,817
5,256
73
369
2, 871
5,180
70
382
2,821
5,759
90
490
0
107
991
7.64
7.77
7,94
8.08
8.18
8.18
8.24
8.22
8.23
8. 18
8.13
8. 18
3.572
3. 690
3.722
3.929
3.963
3.961
3.972
3.974
3.972
4.120
4.179
4.200
3.550
29, 482
3.726
33, 910
3.829
29, 500
4.119
29, 656
4.167
30, 582
4.164
29, 600
4.178
32, 916
4.210
31, 970
4.216
38, 497
4. 233
24, 772
4. 217
28, 100
4. 236
26, 424
30, 582
34, 095
34, 143
32, 840
27,100
28, 371
27,711
28, 490
29, 393
COKE
Exports
thous. of long tons
Price, furnace, Connellsville
dol. per short ton_.
Production:
Beehive t
thous. of short tons..
Byproduct t
thous. of short tons _
Petroleum
thous. of short tons
Stocks, end of month:
Byproduct plants
thous. of short tons_.
Petroleuin, refinery
thous. of short tons-_
105
62
73
85
72
56
39
39
55
45
25
52
06
3. 73
2.50
2.91
2.63
3.47
3.75
3.75
3.63
3.50
3.43
3.59
3. 64
3.73
44
2,381
73
2,793
154
75
2,920
112
63
2,708
139
47
2,579
139
98
2,341
118
95
2,451
129
97
2,476
127
118
2,493
121
150
2,969
136
61
2, 875
101
51
2, 192
74
51
2, 990
104
2,312
2,951
1,149
3,022
1,036
3,080
987
3,053
891
3,043
760
2,850
727
2,347
637
1,808
595
1,713
565
1,964
553
1, 948
515
2, 047
504
PETROLEUM AND PRODUCTS
Crude petroleum:
Consumption ''run to stills) thous of bbl
76, 054
79,525 79, 151 75, 316 75, 461 68, 461 70, 440 71, 512 66, 470 71, 807 73, 5C3 76, 258
Imports #
thous. of bbl . 2, 561
3,411
1,758
3,011
2,272
3,947
3,673
1,875
2,416
2,877
2,069
2,876
3,442
Price, Kansas-Oklahoma
dol. per bbl
.940
.940
.940
.940
.940
.940
.460
.505
.768
.940
.940
.940
.940
80, 040
84, 387
65, 450 75, 548 75, 796
Production t
thous. of bbl_.
85, 239
78, 186
76, 017
72, 060 71, 976
69, 755
79, 870
Refinery operations .
pet. of capacity
72
69
65
71
73
73
66
69
67
71
65
70
Stocks, end of month:
California:
Heavy crude and fuel oiL.thous of bbl ,
74, 815
95, 335 95, 273 94, 926 92, 507
90, 242 87, 826 86, 869
83,812 81, 584 78, 965 76, 604
Light crude
thous. of bbLJ
36, 625 6 35, 197 6 35, 076 * 35, 568 6 35, 399 « 634,104 6 33, 864 6 33, 350 6 34, 093 6 33, 889 6 33, 721 b 33, 802
East of California, total t- --thous. of bbLJ _ _
6315,051
306, 969 6315, 563 6315, 878 6312, 815 6311,758 o 6312,070 6311, 659 6309, 864 6311,576 6312, 005 6313, 840
48,304 6 56, 429 6 56, 452 6 54, 458 6 55, 837 6 57, 048 6 55, 458 6 55, 582 6 56, 383 6 55, 482 6 57, 069 & 6 56, 526
Refineries! -thous. of bbl
Tank farms and pipe linesf-thous. of bbL.
258, 665 6259, 134 6259, 426 6258, 357 6255, 921 6255,022 6256, 201 6254, 282 6255, 193 6256, 523 6256, 771 258, 525
1,128
Wells completed f
number
992
1,112
955
914
548
643
1,070
905
910
8.10
930
Mexico:
Exports
thous. of bbL. 2,621
2,037
2, 502
1,184
2,582
1,979
2,179
2,607
947
1,278
2,148
2,260
2, 167
" 2, 923
Production
thous. of bbl__
3, 303
2,951
2,900
3,114
2,862
2,715
2,893
2,606
2,428
3,192
3,206
3,259
Venezuela:
10, 822
Exports
-thous. of bbL.
9,636 10. 146
9,844
9,959 10,096 10, 398 10, 558
10, 268
9,902 10, 723
9,199
11.203
Production
..thous. of bbl__
10. 052
10.309
10. 182
10. 728
10. 717
11. 084
10. 860
9. 769
10. 900
11.028 11. 542
« Revised.
t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933. Data revised for 1933, for
revisions of such months not shown above see p. 20 of this issue; 1932 final revision of anthracite and bituminous coal production, p. 42, January 1934; anthracite shipments
for 1932, p 42, December 1933; consumption of bituminous coal by electric power plants, p. 42, May 1933; beehive and byproduct coke for 1932, p. 43, December 1933. Data
revised for 1933. Beehive and byproduct coke see p. 43, July 1934. Crude petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe
lines,b and wells completed, for 1932, p. 56, November 1933.
Statistics here given as of August 31 and subsequent months are not comparable with the figures for earlier months because of revisions and transfers from one kind
of storage to another as a result of the new form of report to the Petroleum Administrative Board. The Bureau of Mines has not found it possible to reconcile these figures
and will report them henceforth to compare with the August data. The Aug. 31 figures on the old basis are on p. 42 of the November 1933 issue.
• New basis, as of Dec. 31, caused by 1,089,000 barrels being classified as fuel oil.
# See footnote on p. 35 of this issue. Data revised for 1933. Revision of months not shown above will appear in a subsequent hsue.
t Price converted to short-ton basis.
« Deaember 1 estimate.
f August 1 estimate.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
44
SUKVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, j !934
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey i July
September 1934
1934
1933
July
Decem- January
August S^f1' October Novem*•«£"
ber
ber
April
March
May
June
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS-Con.
Refined products:
Gas and fuel oils:
Consumption:
Electric power plantsf
thous. of bbL.
Railroads
_.
thous. of bbl _
Vessels, bunker
thous. of bbl__
Price, fuel oil, Oklahoma, 24-26 refineries
dol. per bbl..
Production:
Residual fuel oil*t
thous. of bbl.
Qas oil and distillate fuels* t
thous. of bbl
Stocks:
Residual fuel oil, east of California*t
thous. of bbl
Gas oil and distillate fuels, total*
thous. of bbl
Gasoline:
Consumptionf
thous. of bbl_.
Exports*
.
thous. of bbl ~"
Exports, value. (See Foreign Trade.)
Price, wholesale:
Drums, delivered, N.Y
dol. per gal..
Refinery, Oklahoma..
dol. per gal._
Price, retail, service station, 50 cities
dol. per gal
Production:
At natural gas plants!
thous. of bbl .
At refineriesf
thous. of bbl__
Retail distribution (41 States)!
mills, of gal
Stocks, end of month:
At natural gas plants., thous. of bbl
At refineriesf
thous. of bbl
Kerosene:
Consumption!
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 mo thous. of bbl
Other products:
Asphalt:
Imports#
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 Ib
Stocks, refinery, end of mo thous. of Ib
2,412
1,031
2,891
2,896
979
2,817
3,070
904
2,953
2,669
943
3,292
2,397
918
3,154
1,511
954
3,118
2,705
910
3,166
2,646
875
2,890
2,399
812
3,250
2,782
1
o 755
3 118
2 457
«802
3 174
2 652
883
2 530
.415
.444
.563
.620
.650
,663
.690
.750
;
.750
.750
.750
21, 572
21,049
20,143
20 819
19,004
18 962
19 847
18 183
20 539 ,
19 344
20 297
20 136
7,295
6, 143
6,375
7 157
6 391
7 252
7 691
7 155
g 004
7 563
7 761
8 042
17, 941
« 19, 097
18, 824
20 315
18 957
1
17 660
16 134
14 233
14 044
15 673
16 501
19 249
17, 760
18, 948
20,160
20 454
19 016
* 16 212
14 136
12 322
10 658
11 403
13 174
16 313
1 495
34, 458
a
3, 027
37, 426
a
1, 548
34,303
1,802
32, 973
2 455
30, 262
2 771
28,787
1 452
29,416
1 797
25, 048
1 772
30, 528
2 235
32, 735
2,436
38, 141
1 643
36, 296
1 780
.155
.045
.165
.048
.165
.041
.174
.052
.177
.051
.177
.050
.177
.050
.165
.048
. 166
. 048
. 158
. 044
. 145
.045
.150
.048
.155
.046
.143
.139
136
.136
.139
141
3 019
32, 705
2,926
34, 097
2,907
35, 194
2 838
34 g50
.725
751
.046
.183
.135
.140
.145
.143
.142
2,769
36, 576
2,824
36,524
2,791
36,581
2,981
35, 971
2 931
32, 891
1,005
1,085
1,030
962
950
30, 142
847
29,038
661
28, 747
572
28 572
27 308
2,041
846
2a 799
621
3 375
3 406
922
3 726
l'045
.044
4,272
7,785
.044
4, 109
8,445
.048
4,004
8,343
.053
3,993
7,987
.053
4 005
7,217
1,630
1,535
1,426
1,507
.169
1,965
7,199
.179
2 019
7,226
.183
2 046
7,007
.190
2 115
6 776
1
265
247
218
o
278
268
36, 120
98, 536
40, 320
85, 924
.,
.738
. 142
2,795
30, 472
3,005
31,685
3 024
33, 462
931
841
852
788
940
978
1,061
609
'992
i 34 760
992
37 774
979
41 352
1, 022
42 578
1,276
40,914
1,517
36 507
1 646
33 885
4 143
4 245
4 154
716
4 218
657
3, 654
1, 148
3 222
648
2 372
962
.052
4 289
6, 557
.048
4 507
6 228
. 045
3 961
5,299
. 048
4 576
4 986
.048
4,647
4,822
.047
4,548
5,470
.048
4 206
6 335
1,538
1 667
1 440
1 302
1,643
1,651
1,941
1 569
.190
2 375
7 075
.190
2 212
i 7 030
.208
2 198
7 020
. 220
1 865
7* 120
. 220
2 152
6 837
.220
2,322
6,796
.219
2 577
6 773
.208
2 211
6 752
3
234
1
156
151
3
145
1
106
0
156
3
205
1
250
3
278
253
242
259
255
304
331
371
378
382
358
42 280
80,300
47 320
75, 803
43 680
72, 751
41 720
68 833
46 480
78 934
39 200
83 791
43 120
86,644
39, 480
91,763
41, 720
101,551
40 320
108 087
726
851
1
676
i
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins!#_thous. of lb._ 19, 907 0 50, 102 50, 828 36, 354 32, 645 « 21, 596 o 20, 765 18, 662 17,683 20, 709 22, 625 21, 235
22, 181
1, 221
5,492
Calf and kip skins
thous. of lb._
1,900 « 6, 501
4,192
3,191
2,405
1,856
2,104
1,580
2,840
2,259
1,914
7,265
Cattle hides .
.
thous. of lb_
8,268 a 24, 835
26, 374
17,488
14, 450 010 227
7,762
5 807
5,837
6,388
5 184
9 577
9,119
Goat skins
thous. of lb__ 5,607
8,579
8,733
8,291
7,901
5, 318 « 6. 843
5,837
6,140
7,598
7,217
5,818
3,124
Sheep and lamb skins
thous of Ib
7,756
2 930
8 320
5 083
4 086 a 2 378
2 541
2 494
3 315
3 457
4 247
3 006
Livestock, inspected slaughter:
526
Calves
thous. of animals
770
401
416
405
455
424
402
437
534
471
600
601
749
752
Cattle .
thous. of animals. _ 1,912
821
840
861
777
721
831
733
771
864
932
3,411
4 530
3, 323
Hogs
thous. of animals
3,914
3,477
3,038
3,058
4 501
3 433
5 391
3 039
4 218
3 763
1,164
Sheep _
thous. of animals.. 1,294
1,532
1,399
1,609
1,668
1,356
1 242
1,390
1,407
1,159
1 °44
1 2TO
Prices, wholesale:
Packers, heavy native steers, Chicago
.108
dol. per Ib..
.098
.137
.150
.132
.103
.103
.103
.099
.101
.096
.104
.098
Calfskins, no. 1 country. Chicago
.129
dol. per lb_.
.093
.174
.190
.174
.158
.156
.144
.137
.167
.121
.116
.106
Exports:
LEATHER
0
205
175
167
« 102
Sole leather
..thous. of lb_.
124
113
252
156
136
282
294
186
186
6,464
Upper leather! •
thous. of sq. ft.. 3,850
4,917
6,315 « 5, 290
6,703
6,684
4,859
6,160
6,144
4,336
4,918
5,457
Production:
1,393
Calf and kip*
thous of skins
1,435
1, 113
1 126
1 063
1 013
OQQ
981
879
911
1 03°
1 036
1,463
1,563
1,439
1,538
Cattle hides*!
.-thous. of hides..
1,623
1,662
1,520
1,640
1,738 0 1,681 « 1,700
1,633
4 358
4,145
4,634
Goat and kid*. _ . . . . .thous. of skins
4,005
3,994
3,786
3,763
4,290
4,074
3 940
3 496
3 949
9 773
4,237
Sheep and lamb*!
thous of skins
3 239
3,934
3 290
2 630
2 322
3 558
2 580
3 690
3 300
3 7Q1
Prices, wholesale:
Sole, oak, scoured backs (Boston) dol. per Ib.
.29
.40
.37
.39
.35
.31
.32
.32
.31
.30
.30
.29
.30
Upper, composite, chrome, calf, black, "B"
.330
.348
grade
_>_dol. per sq. ft..
.320
.349
.344
.337
.352
.350
.352
.347
.343
.337
.333
* New series. For earlier data see p. 20 of the February 1933 issue, production of residual fuel oil and gas oil and distillate fuels, and p. 19 of the June 1933 issue, leather
! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of gas and fuel oils in electric-power plants for 1932, p. 43,
May 1933, for 1933 revisions, p. 43 May 1934; production of residual fuel oils and gas oil and distillate fuels, stocks of residual fuel oil east of California, consumption of gasoline, production of gasoline at natural gas plants and refineries, stocks of gasoline at refineries, consumption of kerosene and lubricating oil, and production of asphalt for
1932, p. 56, November 1933; retail distribution gasoline in 41 States for 1932, p. 43, May 1933, for 1933, p. 43, May 1934; production of cattle and sheep and lamb hides, p. 44.
April 1934; imports of total hides and skins and upper leather for 1932, p. 43, June 1933.
« Beginning Aug. 31, figures reported on the new basis, caused by transfer of 414,000 barrels from gas-oil and fuel-oil stocks.
r
New basis caused by transfer of 243,000 barrels from bulk terminal stocks and approximately 93,000 barrels transferred from refinery stocks.
' New basis resulting from transfer of finished stocks to unfinished stocks and addition of stocks not previously reported.
footnote on p. 35 of this issue. Imports also revised for 1933. Revisions for such months not shown above will appear in a subsequent issue.
** See
Data revised for 1933. For revisions for months not shown above, see p. 20 of this issue.
« ReA ised.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
45
1934
1933
July
July
August
8
tr
Decem- January
October November
ber
1
|^yU"
March
41
100
76
~-
April
May
June
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
dozen pairs
294, 481 316, 436 281, 363 282, 249 228, 486 178, 398 171, 242
69, 196
Dress and street
..dozen pairs
57, 050
142, 508 168, 559 141, 776 127, 317 100, 559
Work
_
dozen pairs
151, 973 147, 877 139, 587 154, 932 127, 927 121, 348 102, 046
Shoes:
a 77
Exports
thous of pairs
78
40
51
64
58
80
88
Prices, wholesale:
Men's black calf blucher,
Boston .
dol per pair
5 50
5.50
5 35
5.40
5 40
5 50
5 50
5 15
Men's black calf oxford, lace,
St. Louis
dol. per pair-4.20
4.15
4.23
4.35
4.35
4.35
4.08
4.15
Women's colored calf, Goodyear welt, ox3.93
4.00
ford, average
dol. per pair-3.45
3.85
3.85
3.85
3.77
4.00
Production, total
thous. of pairs p 28 061 33, 749 37, 019 31, 234 31, 455 23 695 20, 095 25, 787
6,186
6,909
7,046
Men's
_ __ _
thous. of pairs
9,138
7,656
8,328
8,293
1,342
1,150
1,711
Boys' and youths'.. _.
thous. of pairs
2, 103
1,515
1,993
1,827
14, 521
10, 639
Women's
thous of pairs
12, 587
12, 098
10, 999
6,783
6,765
1,974
1,889
2,589
3,052
2,492
Misses' and children's
thous. of pairs
2,670
3,201
1,424
4,138
1,955
Slippers, all types
thous. of pairs..
4, 513
4,735
4,986
4,256
2,962
2,746
All other footwear
... thous. of pairs. .
3,321
2,258
2,151
2,858
3,276
90
5.50
5 50
5.55
5 50
5 50
4.15
4.15
4.15
4.15
4.15
4.00
30, 120
7,845
1,481
12, 245
3,056
2,327
3,166
4.00
33, 357
8,669
1,503
14,006
3,686
3,565
3,927
4.00
34, 152
« 8, 423
« 1,506
«13, 066
» 3, 271
« 3, 597
M,288
a
4.00
0
33, 874
0
8, 211
0
1, 540
a
12,
776
0
0
3, 185
« 4, 072
« 4, 090
4.00
27, 783
7,552
1,458
9,329
2,617
3,717
3,112
LUMBER AND MANUFACTURES
i
I
LUMBER
Exports, all types * •
M ft.b.m..
Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
_M ft.b.m..
Stocks, end of month
.M ft.b.m..
Retail yards, Tenth Fed. Res. Dist.:
Sales.
M ft.b.m..
Stocks, end of month...
M ft.b.m..
62, 452
95, 235
78, 192
75, 965 "80,463 « 73, 065
97, 956
96, 969
70, 282
83, 453
109, 919
60, 991
53, 879
6,498
6.868
60,344 ! 59,031
7, 555
3, 879
56,902 ! 55,606
2,266
56, 764
3,147
58, 837
3,077
60, 533
2, 994
4, 440
61,827 ! 62,857
6, 467
63, 800
6, 650
62, 665
2,326
29, 034
2,124
29, 208
2,175
29, 156
2,430
28, 428
2,168
28, 190
1,862
27, 951
2, 268
27, 665
1,792
27, 493
2,059 1 2,300
28,351 ! 28,052
2, 268
27, 760
2, 083
27, 734
6, 574 « 8, 212
60, 754 « 59, 061
Flooring
Maple, beech, and birch:
Orders:
New
Unfilled, end of month
Production
Shipments
Stocks, end of month
Oak:
Orders'
New.
Unfilled, end of month
Production
Shipments.
Stocks, end of month
M
_M
M
M
M
i
ft.b.m..
ft.b.m..
ft.b.m..
ft.b.m..
ft.b.m..
4,092
5,606
2, 451
4,421
19, 059
3,485
4,994
3,761
4,326
14, 228
2,643
5,388
4,252
3,386
17, 171
2,243
4,622
2,784
2,622
17, 723
3,759
5,755
3,161
3,236
18, 610
2,419
5,889
2,342
2,300
18, 546
2,219
4,789
2,353
3,234
18, 210
3,629
4,656
2,486
3,665
19, 349
4, 763
5,667
2,964
3,665
18, 666
6, 438
7, 167
4, 596
4, 643
18, 828
3, 037
5, 598
4, 226
4, 303
19, 195
4,437
5,998
4,480
4,512
19, 526
3, 283
5,771
4, 103
3, 573
20, 828
_M ft.b.m..
M ft.b.m..
M ft.b.m..
M ft.b.m..
M ft.b.m..
6,937
8,764
7, 301
7,713
64, 251
9,445
13, 924
17, 693
13, 676
42, 806
12, 858
14, 567
18, 446
12, 793
60, 946
6,341
11,377
9,376
9,563
62, 415
8,130
11,456
6,953
8,624
65, 029
12, 263
12, 066
6,989
10, 017
63, 795
3,365
10, 655
6,854
6,417
65, 234
5,423
10, 245
6,900
5,137
65, 051
28, 238
29, 788
7, 737
8,112
65, 285
682
17, 005
8, 919
13,711
62, 532
5, 800
12, 415
10, 360
9,476
63, 938
8,646
11,135
9, 546
9,813
62, 635
6,521
9, 426
8,951
7, 965
63, 375
184
240
169
203
128
208
165
158
128
200
150
131
128
211
143
124
143
234
131
124
98
230
124
90
1,789
1,548
1,789
1,581
1,728
1,528
1,784
1, 550
1,870
1,652
1,887
1,657
124
240
128
116
1, 891
1, 651
135
239
120
128
1, 862
1, 623
150
265
1,740
1,530
71
218
135
116
1,856
1,591
77
427
350
80
453
373
65
350
285
76
364
288
48
382
334
44
395
352
46
411
365
46
414
368
48
425
377
48
424
376
427 !
383
401
83 !
545
462 [
71
554
482
78
549
471
76
557
481
570
582
85
477
496
85
584
499
88
588
500
90
582
492
110
578
468
95
580
485
95
606
511
7,382
26,280 i
11,376
21,814
9,574
14, 290
10, 285
13, 039
10, 677
10, 686
13, 298
9, 811
15, 178
11, 162
16, 733
13, 354
19, 965
18, 086
17, 227
18, 204
14, 581
16, 919
12,890
13,090
14, 701
10, 422
1,173
139, 666
179, 059
83, 710
153,991
Hard woods
Hardwoods (Southern and Appalachian districts):
Total:
Orders:
New.
mill.ft.b.m..
98
Unfilled, end of month
.mill.ft.b.m..
228
Production
mill.ft.b.m..
116
Shipments
mill. ft.b.m. .
94
Stocks, total, end of month. ..mill. ft. b.m.. 1,940
Unsold stocks
mill.ft.b.m-. 1,712
Gum:
Orders, unfilled, end of month
39
mm.ft.b.m..
Stocks, total, end of month., mill.ft.b.m
447
Unsold stocks
mill.ft.b.m..
408
Oak:
Orders, unfilled, end of month
mill. ft.b.m. .
91
Stocks, total, end of month., .mill. ft.b.m..
623
Unsold stocks
mill.ft.b.m..
523
Northern hardwoods:
Production
M ft.b.m..
9,578
Shipments
_..
M ft.b.m.. 10,607
92
135
131
Softwoods
Fir, Douglas:
Exports :§
Lumber •
M ft.b.m..
7, 190 32,968 ! 24,933 27, 515 25, 361 20, 373 30, 871 27, 599 25, 492 25, 380 52, 956
Timber
M ft.b.m..
3, 252 23, 308 16, 408 16, 043 14, 854 11, 602 18, 975 10, 094 13, 876 20, 824 25, 256
Orders:
|
1
New 1
M ft.b.m..
69, 385 119, 970 119, 970 145, 933 141, 457
154,439 i 122,656 131,161 118, 179 164, 287
Unfilled, end of month
M ft.b.m..
218,900 ! 105,645 112,807 116, 388 120, 865 123, 351 142, 352 144, 143 123, 103 152, 648
Price, wholesale:
18 97
18 Sft
19.00
No. 1 common ... dol. per M f t b m
18.39
19. 00
19. 00
18.00
16.91
16.20
16.99
18.56
Flooring, 1 x 4 , "B" and better
37.00
37. 00
37. 00
33.85
33. 71
37. 00
37.00
dol. per M ft.b.m.. 37. 00
30.81
32.62
33.79
Production 1
M ft.b.m..
196,070 188,460 136, 980 132, 056 128, 027 111,017 109, 226 132, 056 150, 857 152, 648
Shipments ^
M ft.b.m..
184,879 1 184,431 | 141,904 119,522 118,179 106,093
81, 472 111,912 131,161 136,980
0
Revised.
* New series. For earlier data, see p. 20 of the November 1932 issue, lumber exports.
§ Data revised for 1932, see pp. 44 and 45 of the June 1933 issue.
1 Data for August and November 1933, March and June 1934, are for 5 weeks; other months, 4 weeks.
v Preliminary.
113
241
116
124
1, 861
1,621
44
94
232
146
109
1,914
1, 682
41
442
426
18.00
18. 00
37.00
132, 056
106, 988
37.00
77, 443
68, 042
46
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, |
together with explanatory footnotes and refer- I
ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
September 1934
1933
1934
July
July
August
1934
Decem- January
P^- October November
ber
Se
Fe
a^'
March
April
May
June
LUMBER AND MANUFACTURES—Continued
LUMBER— Continued
Softwoods — Continued
Hemlock, northern:
Production
M ft.b.m._
Shipments
M ft, b m
Pine, northern:
Orders, new
_M ft.b.m
Production
M ft b m
Shipments
_
M ft.b.m
Pine, southern :
Exports:
Lumber §
M ft.b.m..
Timber §
M ft.b.m..
Orders:
New
. _ ...
M ft.b.m
Unfilled, end of month
M ft.b.m..
Price, flooring _
dol. per M ft.b.m
Production
M ft.b.m..
Shipments
M ft.b m
Redwood, California : }
Orders:
New
M ft.b.m..
Unfilled
M ft b m
Production
M ft.b m
Shipments
_
M ft.b.m
FURNITURE
Household:
All districts:
Plant operations *
percent of normal
Grand Rapids district:
Orders:
Canceled
percent of new orders
New
_. no. of days' production
Unfilled, end of month
no. of days' production..
Outstanding accounts, end of month
no. of days' sales. .
Plant operations f
percent of normal..
Shipments
no of days' production
Southeastern district:
Orders, unfilled, end of month
dol., average per firm..
Shipments _.
dol., average per firm
Prices, wholesale:
Beds
__
1926=100
Dining-room chairs, set of 6
1926=100—
Kitchen cabinets
1926=100
Living-room davenports
1926 =100
Steel furniture. (See Iron and Steel Section.)
11,550
2,770
6, 157
2,731
13 526
4,053
9 690
17 775
2,991
14 856
6 987
3,631
6 464
6,312
6 297
6,474
14 646
7 699
7 631
5, 658
8 734
10, 159
8 72"
n, 341
1 1, 266
7, 482
13, 599
15 335
14, 733
IQ 270
12 829
11 842
16 139
12 925
10 253
8 664
12 770
7 095
1 377
8 196
6 997
1 029
6 456
5 224
1 578
Q 192
6 905
2 357
5 535
6 272
4 928
7 612
5 924
4 356
6 384
e' OQO
6 970
8 933
1 1 134
26, 502
9, 557
29, 532
9,015
23, 843
8, 353
24, 686
5,915
21, 677
19, 038
5,229
21, 156
7,431
20, 415
4, 516
22, 655
7,652
26, 549
6,491
27, 735
23, 113
8, 885
26, 604
6, 506
90, 796
77, 599
36. 55
99, 222
96, 295
120, 352
81, 031
28 57
125, 935
131 646
117, 535
70, 745
31 85
132, 539
128 700
98 426
59, 976
35 30
113, 504
107 226
91 298
55, 073
37 93
103,
751
Q
0 329
90 617
54, 637
38 14
103, 108
95 057
73 167
53, 068
38 41
95, 983
81 272
102 720
76, 074
38 11
106, 019
88 198
108 336
90, 425
38 21
112, 141
99 193
133 794
87, 681
38 16
124, 469
117 391
110 348
97. 498
38 28
121,028
82,511
100 863
76, 325
38 02
017
511
390
818
22, 340
27 711
17' 963
24 758
23, 306
9(3 3^5
22 154
24 481
39, 581
39 810
16 475
25 733
15, 228
33 872
16 733
21 674
13,935
26 853
19 939
20' 349
20, 278
27 ggg
22* 901
18 943
30, 646
37 706
9 497
31,843
'
24,
30
15
30
2,355
2,350
5,632
6,588
3,725
37 8G
8 794
8 317
116,615
117,665
108 320
192 20°
107.606
115 4fil
26, 083
32 222
25 184
21 755
19, 217
30 693
24 489
20 644
23, 300
33 740
2fi 199
20 147
39 ~r;g
25 sgQ
19 402
17,958
35. 0
52. 0
46 0
55 0
59 0
42 0
34 0
31 0
30 0
30.0
30 0
30. 0
32 0
5 0
9
30
J5
30
13
50
12
14 0
g
16 0
7
12 0
5
4 0
10
8 0
Q
7 0
8
Q 5
8 0
7 o
5
9
17
18
18
12
9
6
10
9
9
6
15
22.0
7
21
34.0
10
25
30.0
13
26
42.0
13
25
42.0
IS
23
36.0
q
20
33.0
7
18
29.0
18
29.0
8
18
27.0
16
27.0
6
15
19.0
Q
18
28.5
7
50, 317
46, 943
96, 953
58, 191
79, 831
95, 772
93, 899
82 284
36, 943
76 705
14, 147
41 660
11, 894
19 698
37, 518
37 943
34, 123
51 145
27, 627
58 196
18,911
46, 177
18, 934
44, 612
26, 360
30 821
71.5
90. 1
87. 5
79,4
66.1
89.5
74 1
76.7
73 2
91.0
85 6
76.7
76 1
91.0
87 5
76 7
76 1
91.0
87 5
81 7
76 1
91.0
87 5
79 4
76 1
91.0
87 5
79 4
76 1
90.1
87 5
79 4
76 1
90.1
87 5
79 4
76 1
90.1
87 5
79.4
74 9
90.1
87 5
79 4
73.2
90.1
87.5
79.4
71 5
90. 1
87 5
79 4
METALS AND MANUFACTURES
IEON AND STEEL
|
Foreign trade, iron and steel:
I
Exports §
long tons..I 233,186 88,311 119, 374
799 164, 755 157, 600 184, 579 178, 023 151, 184 261, 26 201, 539 241, 753 219, 406
Imp9rts*#
long tons.. 17,676 52,805 j 46,839
29,465
24, 858
706 46, 673 28, 979 31,310 22, 653 25, 407 38,39
Price, iron and steel composite
dol. per long ton.. 34.21
34.77
34.89
29.81
30.04
34.18
32.4
L30
31.59
32.42
32.42
31.59
32.42
Sales, iron, steel, and heavy hardware
£
January 1921 = 100..
114
105
105
100
107
93
91
88
78
Ore
Iron ore:
Consumption by furnaces
2,958
thous. of long tons. J. 1, 600
2,612
102
2,721
2,470
2,626
2,19
1,898
1, 598
1,460
1, 656
1,728
202
Imports #
thous. of long tons..'
196
81
188
128
7
136
151
64
159
107
86
89
79
Receipts:
Lake Erie ports and furnaces
1.468
thous. of long tons..
3,118
«2. 481
0
3,930
205
3,421
918
20
0
0
Other ports
...thous. of long tons..
l!o90
'683
515
1,132
1,151
0
200
359
0
1,120
0
0
2,631
4, 432 °3, 430
Shipments from mines..thous. of long tons_.
4, 461
5,101
0
504
785
4,543
6
0
0
Stocks, total, end of month
thous. of long tons.. 29, 961 27, 772 30,156
25,598
449 36, 345 36, 200 34, 673 32, 973 31, 216 29,04
27, 043
26, 581
At furnaces
thous. of long tons.. 25, 461 22, 980 25, 260
21,218
22.700
415 31, 044 30, 794 29, 346 27, 727 26, 040 24,06
22, 010
Lake Erie docks
thous. of long tons-. 4, 500
4,380
4,792
4, 343
4,896
034
5,301
4,571
5,406
5,327
4,98
5,246
5,176
Manganese ore, imports (manganese content) t
thous. of long tons..
48
23
20
19
2
5
7
3
Iron, Crude, and Semimanufactured
Castings, malleable:*
Orders, new
short tons.. 21, 862 28, 458 28,323
32, 639
24, 499
744 19, 933 20, 830 26, 305 32, 501 36, 594 42,96
38, 453
Production
short tons.. 23,388 30,865 31,811
37,165
28,340
078 24, 381 21, 944 21, 870 30, 417 33, 939 43,43
40, 742
Percent of capacity
33.4
42.7
36.3
27.6
36.6
25.0
40.1
49.
47.9
28.4
>1.6
25.6
35.8
Shipments
short tons.. 27,591 29,155 30,195
39. 493
31,607
402 20, 422 19, 676 22, 310 26, 642 31,412 41,53
39, 817
Pig iron:
Furnaces in blast, end of month:
Capacity
long tons per day..
48,190
67, 300
61, 435 56,070 |
215 39, 755 34, 410 35, 505 41, 085 46, 260 53,72
63, 270
Number
89
106
110
117
89
9
79
89
76
75
87
Prices, wholesale:
Basic (valley furnace)...dol. per long ton..! 18. 00
18. 00
15. 50
18.00
16. 20 !
r.oo 17.00 17.00 17.00 17.00 17.00 17.0
17.25
18.94
18.94
Composite pig iron
dol. per long ton.J 18.94
17.9
16. 70
17.16 |
17.84
r.87
17.94
17.94
17.94
18.36
17.84
Foundry, no. 2, northern (Pitts.)
j
dol. per long ton..-!
20.39
17.89
19.3
20. 39
18.59 i
19.64
19.39
19.39
19.39
19.39
19.39
).39
Production
thous. of long tons..'
1,792
1,833 i
1,930
1,62
2,043
522
1, 085
1,264
1,182
1,727
1,356
1, 215
* New series. Earlier data on furniture activity, all districts, not published. For imports of iron and steel, see p. 20 of the November 1932 issue, for castings, p. 20
of the April 1933 issue.
§ Data revised for 1932. For revisions, see pp. 44 and 45, lumber and p, 45, iron and stesl, of the June 1933 issue. Data revised for 1933. For revisions of months not shown
above, see p. 20 of this issue.
t Revised. Earlier data not published.
J Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included.
t Imports from Cuba not included.
# See footnote on p 35 of this issue. Data revised for 1933, Revision )
h months not shown above will appear in a "subsequent issue.
http://fraser.stlouisfed.org/
° Revised.
Federal Reserve Bank of St. Louis
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
47
SURVEY OF CUERENT BUSINESS
September 1934
1934
July
1933
July
Decem- January FebruAugust SeptemOctober November
ber
ary
ber
1934
March
April
May
June
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Iron, Manufactured Products
Cast-iron boilers and radiators:
Boilers, gas-fired:
84, 667 69, 680 24, 813 18, 268
52, 737
52,
43, 857
Production
thous of B t u
70, 787
61, 446 95, 765 93, 860 47, 843 37, 609
Shipments, quantity
thous. of B.t.u..
90, 566 90, 742 46, 783 34, 155
58, 252
56, 558
56,
Shipmerits, value
.dollars-495, 150 486,
486, 438 473, 506 449, 326 426, 297 406, 956
Stocks, end of month
thous. of B.t.u..
B oilers, range: t
Orders:
72, 351
37, 800 34, 273 29, 174 30, 509 45, 788 88, 274 39, 974 39, 326 35, 683 0 34, 627
New
number of boilers. _ 33, 576 50, 300 72,
Unfilled, end of month, total
17, 744
7,612
35, 360
6,905 13, 307 20, 555 21, 725 14, 368 17,013 11,338
number of boilers-.
9,738 25, 699 35,
11,818
Delivery, 30 days or less
16, 054
22, 245
32, 229
32,
5,726
5,407
7, 844
6,275 16, 454 19, 002 12, 044 13, 101
9, 150
number of boilers __
8,688
Delivery, more than 30 days
3,454
3, 131
3,
1,690
1, 886
2,723
2,324
3,912
1, 498
7, 032
4,101
1,894
2, 668
number of boilers. _
2, 650
64, 887
887 56, 151
46, 366 28, 589 22, 205 43, 466 80, 668 49, 100 35, 960 41,02] « 34, 741
Production
number of boilers. _ 33, 255 54, 427 64,
62, 690
55, 416 44, 405 29, 881
27, 125 38, 540 87, 104 46, 301 36, 681 41,358 « 33, 180
Shipments
__ number of boilers ._ 33, 746 50, 394 62,
38, 600 40, 561
34, 902
37, 865
39, 269 33, 897 38, 823 32, 387 35, 186 34, 465 34, 128
Stocks, end of month. .number of boilers.. 33, 869 35, 668 37,
Boilers, round:
5,076
5,820
3,342
4,168
5, 408
5,
3,982
4.531
4,246
4,913
3,414
4,890
4,133
Production
thous. of lb__
3,954
6,137
9,374
4, 357
4,
357
2, 361
5, 500
3,081
2.544
3,156
2,823
2,827
2, 659
Shipments
thous. of lb_.
28, 335
29, 394
29,
28, 548 25, 329 24, 636 35, 005 35, 685 40, 012 40, 558 42, 012 43, 585
44, 544
Stocks, end of month
thous. of lb._
Boilers, square:
14, 848
15, 248 11,336
15, 240
10, 622
15, 498
9,980 11, 428 15, 255 11, 965 15, 014
Production
thous. of lb__
9,048
12, 124
20, 509 24, 841
14, 685
14,
14, 622
8,300
8,710
8,241
10,029
9,064
Shipments
thous. of lb__
8,287
8, 332
122, 118 121,451 117,419 104, 835 100, 784 89, 667
123,956
96, 896 104, 263 108, 077 111,800 118,411
Stocks, end of month.
thous. of lb._
Boiler fittings, cast iron:
4,430
4,417
3, 495
6,025
4,991
4,698
4,908
4,237
Production
short tons..
3,344
4,178
3 333
3,667
3, 557
6,072
5,640
4,575
6,362
3,572
3,586
4,965
4,467
3,184
3,592
3,564
Shipments
short tons. _
3, 523
3, 604
Boiler fittings, malleable:
o 9<;9
2,436
4,436
2,184
2,610
4,107
3,147
2,570
Production
short tons2,839
2, 730
2,450
1,581
2, 856
2, 445
1,680
3,414
2,390
4,499
3,876
2,667
2,206
2,094
Shipments
short tons..
2, 180
2,175
2, 570
1,627
Radiators:
3,964
5,355
4,328
2,409
2,266
2,923
Production- .thous. of sq. ft. heating surface. _
3,368
3, 273
2,989
2,663
1, 655
3, 969
3,197
4,354
5,173
4,794
2,484
2,307
2,182
2,682
Shipments thous. of sq. ft. heating surface..
3,727
6,076
2,870
2,630
Stocks, end of month
33, 537
thous. of sq. ft. heating surface..
35, 614 32, 926 31, 249 30, 029 30, 295 30, 593 31,365 31, 389 32, 775
35, 346
36, 317
36,
Radiators, convection type: *
New orders:
Heating elements only, without cabinets or
52
45
grilles. -thous. of sq.ft. heating surface t-_
64
68
126
55
137
123
77
30
77
95
45
Heating elements, including cabinets and
122
76
163
172
60
grilles, .thous. of sq. ft. heating surface t—
173
160
97
128
173
135
95
96
Sanitary Ware
Bathroom accessories: t
Production
number of pieces
156 270 235 443 263,
263 940 227, 363 348, 414 191, 441
94, 141 169, 894 147, 407 167, 684 108, 593 233,176 222, 872
223, 461
Shipments
number of pieces. . 150,739 229, 858 276,
276, 601 231, 814 357, 964 182, 852 88,297 174, 069 136, 027 161, 893 106,716 219, 629
383, 557
Stocks, end of month
number of pieces. . 383 161 384 068 371,
371 407 366, 956 357, 406 365, 995 361, 424 357, 249 368, 629 374, 420 376, 297 383, 646
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
218. 91
price (8 pieces)*
dollars.. 217.88 203. 56 205.
215. 02 214. 96 209. 82 204, 10 204. 17 204. 74 203. 50 217. 40 216. 88
205. 78
Porcelain enameled flatware:
Orders, new, total
dollars.. 594, 146 692, 240 672,
672, 671 638, 236 609, 456 668, 426 346, 459 391, 358 521, 796 731, 321 817,818 899, 506 « 736, 858
Signs
dollars- 226 883 236 173 236,
236 017 233, 255 264, 384 446, 101 173, 676 165, 402 155, 005 197, 691 286, 555 343, 340 266,811
Table tops
dollars. . 110 079 176 416 218,
44, 194 42, 609 62, 019 106, 895 105, 844 119,387 112,965 107, 398
218 010 166, 039 82, 274
Shipments, total.
_
dollars.. 738, 460 643, 164 698,
698, 452 620, 876 618, 572 536, 450 439, 693 472, 676 530, 096 715, 665 722, 258 842, 156 « 826, 975
Signs
- . -dollars. .304 752 194 766 239,
239 526 203, 417 251, 120 219, 762 257, 021 238, 110 204, 817 231, 974 215, 673 302, 888 307, 511
Table tops
dollars.- 106,273 183, 603 .244,
.244, 588 182, 013
97, 210 50, 208 48, 538 62, 900 99, 155 114,041 117,335 110,862 116,601
Porcelain plumbing fixtures:
Orders:
1,722
New, net
number of pieces-1,508
5,452
1,455
1,787
3 245
4 240
4,240
2,242
1,818
1,822
1 785
5,831
1, 598
4, 852
Unfilled, end of month-number of pieces.. 4.390
8,320
7,214
6,888
9,264
8,722
6,276
4,537
5,481
5, 277
6,201
8,947
1, 769
Shipments
number of pieces
2, 594
1,779
3, 552
2,074
2 933
3 211
3,211
2,548
2, 354
1,909
1 954
3,135
1, 562
Stocks, end of month
number of pieces. _ 30,762 10, 635
10, 981
9,575
9,509
9,402 10, 076 10, 071
9,162
8,951
9,716
9,' 716
9,140 10, 422
Vitreous-china plumbing fixtures:
Orders:
New net
number of pieces
1 10 °09 133 608 180,
180 379 103, 475
46, 981 31, 370 35, 067 56, 577 79, 106 60, 045 93, 688 116,523 127, 557
Unfilled, end of month. number of pieces .. 97,710 241, 362 231,818 173, 019 120, 597 87, 768 80, 173 81, 334 89, 878 75, 198 80, 450 87, 095 103, 400
Shipments
number of pieces
115 899 211 749 189,
189 923 162, 274
99, 403 64, 199 42, 662 55, 416 70, 688 74, 725 88, 436 109,878 IH, 252
Stocks, end of month
number of pieces__ 658, 788 311, 183 325, 530 348, 233 414, 906 477, 474 579, 227 643, 054 660, 658 683, 797 700, 419 693. 986 677, 83C
Steel: Crude and Semimanufactured
29, 940
Bars, steel, cold finished, shipments.short tons..
46 312
46,
36 538
35, 468 27. 877 21, 792 42, 036 19, 409 25, 989 27, 838 28, 885 r;0, S'G9
Castings, steel:
Orders, new, total
short tons,.
22, 740 23, 608 23, 444 23, 378
29, 505
28 962
28,
Railroad specialties
short tons..
7,562
7,976
6,240
6, 518
3, 974
4, 775
Percent of capacity
20
16
20
16
16
16
Production, total
__
_ short tons
29 240
25, 558 25, 459 22, 615 21. 609
31 157
31,
Railroad specialties
short tons5,' 025
4J912
6 304
6 767
6J
767
5^978
4^433
Percent of capacity
21
20
17
15
15
17
Ingots, steel: §
3,016
Production
thous of long tons
3,353
1 ^73
2,864
2,085
2,183
2,761
2,898
2 864
2,283
1,521
1,971
3 168
1,799
53
Percent of capacity
' ^27
41
56
46
53
49
27
33
33
58
40
37
Prices, wholesale:
.0253
Composite, finished steel..
dol. per lb__
.0253
.0231
. 0231 .0240
. 0246
.0217
.0220
.0231
.0231
.0226
.0217
.0226
Steel billets, bessemer (Pittsburgh)
29.00
dol. per long ton. _
26.00
26.00
26.00
29.00
27.40
26.00
26.00
26.00
26.75
26.00
26.00
26.00
Structural-steel beams (Pittsburgh)
.0185
dol. per lb__
.0170
.0185
.0160
. 0170 .0170
,0181
.0161
.0170
.0170
.0160
.0170
.0170
Steel scrap (Chicago) dol. per gross ton_.
9.75
10.95
11.00
12.13
9.84
8.94
9.55
10.41
10.50
11.75
10. 45
10.
9.33
8.56
U.S. Steel Corporation:
Earnings, net
thous. of dol..
21, 082
6,579
11,817
5,537
Shipments, finished products * long tons__ 369," 938^ ~701,322~ "668," 155" 575, 161 572, 897 430, 358 600, 639 331, 777 385, 500 588, 209 643, 009 745, 063 985, 337
* New series. For earlier data, see p. 20 of the January 1933 issue price series and for United States Steel Corporation shipments, see p. 18 of the January 1934 issue
Earlier figures on convection-type radiators not published.
t In equivalent direct radiation.
t Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue.
§ Data for 1933 revised; January production revision 1017, February 1073, March 898, April 1345, May 1976; percent of capacity, March, 15. For 1932 revisions, see p. 43
Digitized for ofFRASER
the0 July 1933 issue.
Revised.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
48
SURVEY OF CURRENT BUSINESS
1934
Monthly statistics through December 1031,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
July
September 1934
1934
1933
July
October
August September
N
^><^ January
February
March
April
May
June
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
!
Steel: Manufactured Products
Barrels, steel:
'
Orders, unfilled, end of month
number,. 684, 403
Production..
... . . number . 519, 444
Percent of capacity
41.9
Shipments
niiTobor 528, 847
Stocks, end of month ..
number . 31, 755
Boilers, steel, new orders:
Area
thous. of sq. ft_.377
Quantity
number of boilers...
455
Furniture, steel:
Business group:
Orders:
New
thous. of dol 866
1,047
Unfilled, end of month
thous. of dol._
863
Shipments..
thous. of dol..
Shelving:
Orders:
222
New
thous. of doL.
191
Unfilled, end of month
thous. of doL.
231
Shipments
thous. of dol. .
Safes:
Orders:
New
thous. of dol .
136
Unfilled, end of month
thous. of dol._
200
130
Shipments
thous. of dol_.
Lock washers, shipments
thous. of dol
Plate, fabricated steel, new orders, total
short tons.. 12,413
Oil storage tanks _
short tons . 2,028
Sheets, black, blue, galvanized, and full finished:
Orders:
New
_. _.
short tons _ 72,517
Unfilled, end of month
short tons.. 69, 472
Production, total
short tons _ . 85, 286
26.2
Percent of capacity
Shipments
_ _.
short tons _ 85, 442
Stocks, end of month, total
short tons.. 110, 400
71, 362
Unsold stocks
short tons
Tin and terne plate:*
Production
thou^. of long tons
Track work, production
short tons.. 5, 226
647,924
555, 404
41.0
552 923
28,668
534,549 | 539,846
480, 670 519, 191
35.5 i
38.3
470 632 524,719
38, 706
33, 178
492, 072
798, 981
58.9
789, 474
42, 685
333, 443
577, 017
42.6
582, 299
37, 403
597, 453
556, 586
41.9
556, 627
37, 151
527, 377
662, 293
48.8
660, 688
38, 479
500, 355
521, 950
38.6
520, 987
39, 442
726, 569
620, 439
46.0
628, 485
31, 396
820, 884
589, 182
43.6
590, 337
30, 241
865, 012
431, 567
34.3
426, 175
35, 633
935, 651
612, 695
48.7
607, 692
41, 158
611
498
994
511
428
447
427
395
287
296
309
328
236
249
227
212
376
294
441
380
277
304
360
415
607
541
523
837
684
693
869
819
734
800
794
825
865
764
800
964
719
1,040
1,059
781
997
1,023
910
894
1,020
975
956
972
1,013
934
1,039
975
1,011
1, 115
1,044
1,046
«183
« 208
"159
194
222
179
142
200
164
185
239
146
191
234
196
288
231
200
260
276
215
274
272
279
396
272
395
321
246
346
343
301
288
253
200
354
129
213
119
156
120
225
107
152
93
192
126
122
98
158
132
118
136
147
147
118
125
151
113
170
131
156
126
190
143
174
126
174
158
166
166
231
154
157
164
246
159
160
161
238
186
194
153
201
20, 391
6 013
16, 320
2 581
16, 166
1,033
17, 964
1, 434
14, 466
3,734
13, 692
2,160
15, 897
3,754
14.Q41
2,476
38, 924
2,202
20, 085
2,998
21,891
8,746
« 27,395
11,019
158 830 145,320
212 879 194, 223
203 893 180,304
62 8 1
55. 5
174 480 ! 163,634
115 876 H5, 183
51 293
53, 617
79, 141
102, 262
146, 106
45.0
174, 829
105, 331
52, 353
88, 354
94, 270
102, 585
31.6
99, 499
105, 950
55, 495
110, 263
92, 831
113,111
34.9
111, 867
101, 220
51, 622
209, 463
166, 182
163, 622
50.4
130, 878
106, 310
54, 922
184, 355
206, 292
194, 830
60.0
146, 905
117, 230
63, 600
158, 244
159, 672
220, 282
67.8
200, 701
114,934
57, 722
272, 412
251, 123
214, 522
66.0
184, 042
135, 796
53, 683
246, 315
257, 845
256, 537
79.0
240, 730
137, 510
48, 714
114,855
74, 392
199, 438
61.4
301, 832
106, 950
56, 666
188
3,006
186
3, 087
175
2, 759
85
2,811
101
3,310
164
4,446
160
6,132
166
5, 764
150
6,184
174 191
228 696
188, 143
58 0
174 145
104, 815
42 095
188
2,982
9QO '
3,425
195
3,845
MACHINERY AND APPARATUS
Air-conditioning equipment:
1,153
1,094
1,097
881
629
631
830
1, 157
747
760
Orders, new, total
thous. of dol._
913
873
794
241
300
52
261
198
252
64
57
Air-washer group
thous. of dol
66
50
82
94
144 i
490
518
533
282
353
307
373
340
Fan group .
thous. of dol
500
363
431
491
437 1
363
335
329
303
297
265
406
393
341
Unit-heater group
thous . of dol . .
346
399
287
213 |
Electric overhead cranes:
Orders:
89
84
319
123
52
38
New
.
thous. of dol
43
94
120
43 i
77
159 i
518
477
522
479
216
260
234
Unfilled, end of month
thous. of doL.
195
279
319 !
303
349 !
99
123
80
88
54
70
54
Shipments
thous. of doL.
151
75
66 i
93
75 i
Electrical equipment. (See Nonferrous metals.)
j
Exports, machinery. (See Foreign Trade.)
Foundry equipment:
Orders:
70.4
66.5
75.4
67.9
37.2
65.8
42.6
New
1922-24 = 100..
50.7
43.8
36.6
56.3 '
34.9
48.8 !
52.1
57.8
63.0
51.5
56.3
33.8
35.2
Unfilled, end of month
1922-24 = 100. .
43.1
31.7
29.6
35.3
32.0
35.8
64.3
75.6
55.5
62.6
42.9
33.4
42.1
38.2
67.
2
Shipments
1922-24=100..
38.3
49.7 ,
41.5
38.3
Fuel equipment:
Oil burners:*
Orders:
8,003
5,445
7,479
5,015
2,941
3,234
12, 242
New
.no. of burners.. 7,786
5,871
3,067
15,245
9,971 i 13,518
2,618
1, 923
1,652
2,486
1,604
1,476
2,594
2,113
1,640
Unfilled, end of month. _no. of burners-- 3, 310
4,950 1 4,574
3,519
7,871
5,536
6,645
4,967
2,813
3,259
14,
222
6,352
3,439
Shipments
no. of burners.. 6,399
12,087
!
15,621
8,778
17, 823
Stocks, end of month
no. of burners.. 18, 724 10, 338 11,014 i 12,238 12, 696 13, 999 13, 684 14,882 14,609 13, 797 13, 627 14, 988
Pulverized fuel equipment:
Orders, new, storage system:
2
0
0
0
0
0
0
0
Furnaces and kilns... no. of pulverizers _.
0
1
0
0 i
0
2
0
0
0
0
o
0
0
0
Water-tube boilers ...ne. of pulverizers ..
0
0
4 ;
0
Orders, new, unit system:
0
2
2
0
0
0
3
0
Fire-tube boilers
_no. of pulverizers. .
3
2
0
0 i
1
0
1
4
1
1
0
0
Furnaces and kilns—.no. of pulverizers..
2
0
3
2
12
0
4
5
6
4
8
Water-tube boilers no. of pulverizers. _
15
11 !
23
7
15
9
Stokers, mechanical, new orders:
i 199
2 102
1 896
Class 1 residential*
number
1 048
715
668 i
Class 2, apartment and small commercial*
gg i
188
208
115
niiTnbpr
150
^3 !
U8
I
Class 3, general commercial and small com209
mercial heaters*
number
136
142
101
90
81
Class 4, large commercial:*
162
Number
113
213
176
168
170
29 891
Horsepower
41 249
25 464
17 967
40 644
29 042
Machine tools:
Orders:
45.9
46.5
35. 3
48.1
50.9
53.7
New*
1926 = 100 .
34.7
70.0
37.2
29.9 i
45.9
31 8
30.9 i
l
59 j
205
207
Unfilled end of month
1922-24—100
178 i
116
74
86
105 j
1
97
Shioments
1922-24= 100. _
36
39 i
43
52 i
69 i
63
63
a
Revised.
*New series. For earlier data see p. 20 of the December 1932 issue, tin and terne plate, p. 19 of the January 1933 issue, stokers, p. 20 of the July 1934 issue for new orders
machine tools (including forging equipment). Current oil-burner series available only back to January 1933 are based on reports from 149 concerns, See p. 48 of the
May 1934 issue for January, February, and March 1933 data.
I
49
SURVEY OF CURRENT BUSINESS
September 1934
July
i
1933
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
July
1934
Decem- January FebruOctober NovemAugust Septemary
ber
ber
ber
March
April
May
30,620
639
26,887
553
29, 848
777
34, 320
715
June
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS— Con.
Pumps:
Domestic, water, shipments:
Pitcher, hand, and windmill
unitsPower, horizontal type
units
Measuring and dispensing, shipmentsGasoline:
Hand operated
units
Power
units-Oil, grease, and other:
Hand operated
..units..
Power.__
_
units.Steam, power, and centrifugal:
Orders:
New
_
thous. of doL.
Unfilled, end of month
thous of dol
Shipments
_
thous. of dol
Water-softening apparatus shipments units
Water systems, shipments
units
Woodworking machinery:
Orders:
Canceled
thous. of dol
New
thous. of doL.
Unfilled, end of month
thous. of doL.
Shipments:
Quantity
machines
Value
_-thous. of doL.
27, 851
891
44, 036
524
42, 713
509
34, 051
396
24, 468
505
20, 178
427
17, 539
395
21, 242
317
488
3, 193
1,464
6,733
1,190
5,197
851
3,683
379
1,751
274
1,103
262
1,356
488
659
1,262
834
1,890
1,894
685
2,745
692
3,327
2,712
5,242
488
20, 702
646
15, 621
774
10, 588
1,005
7,889
916
6,517
683
3,003
342
4,468
411
5,323
621
5,119
404
6,678
613
6,960
608
5,526
579
541
732
1,475
517
197
7,560
786
1,616
642
232
7,563
771
1,775
609
329
6,084
638
1,798
608
227
4,378
607
1,714
687
200
3,045
545
1,526
704
196
2,631
663
469
727
654
665
703
5
370
369
1
333
346
6
309
306
8
240
262
26
214
256
8
209
215
9
8
6
279
277
286
303
292
250
256
263
244
225
237
233
228
322
219
337
238
337
202
273
131
192
143
243
136
213
199
244
199
342
143
247
172
292
123
220
13, 249
12, 732
8,304
16, 262
21, 636
13, 633
7,958
14, 365
13, 936
13, 534
10, 576
16, 685
13, 394
.2095
.0938
.2290
.0663
.2290
.0738
.2290
. 0738
.2290
.0738
.2290
.0738
.2290
.0788
.2290
.0836
.2095
.0981
. 2095
.1025
.2095
.1069
.2095
.1106
.2095
.1003
1,940
552
1,388
2,485
544
1,941
2,754
694
2,060
2,419
615
1,804
2,091
536
1,555
1,964
357
1,606
1,459
416
1,043
2,256
417
1,839
2,147
431
1,716
2,474
498
1,976
2,528
564
1,964
2,426
536
1,890
2,262
643
1,619
25 324
14 780
14, 724
.0878
12 592
14, 644
14, 642
.0864
12 955
14, 335
14, 319
.0877
12, 127
17, 403
17, 343
.0875
10, 733
8,164
8,164
.0795
13, 108 <» 15,962
15,338
18, 290
15, 334
18, 287
.0789
.0788
14, 459
16, 092
15, 700
.0789
19, 395
5,785
5,533
.0778
24,210
25, 382
24,729
.0778
24, 925
13, 724
13, 418
.0817
22, 306
15, 247
15,011
.0828
30 721
23, 226
23, 221
.0859
1,518
17, 877
2,908
21, 958
4,093
26, 369
5,333
29, 847
3,495
28, 941
2, 224
27, 471
1,590
25, 592
1,524
22, 137
1,404
24,375
3,597
24. 005
2,933
25, 729
3,390
22, 369
« 5, 082
1 719
.0377
27, 354
29, 479
240, 595
58
.0445
18, 526
45, 177
171, 275
674
. 0450
18,611
36, 054
160, 211
0
84
.0450
28, 021
29, 129
166,201
645
.0431
35, 399
33, 314
174, 721
933
.0429
38, 459
30, 719
187,814
1,732
.0414
36, 649
26, 034
203, 061
826
.0400
34, 818
33,911
207, 674
0
.0400
31,892
25, 778
216,224
1,928
.0400
31, 379
30, 365
221, 465
955
.0418
28,723
30, 673
222, 892
1,537
. 0414
34, 741
29, 316
233, 245
1,662
.0398
29, 695
28,276
238, 181
3 575
4,900
.5192
2,920
6 540
8,449
.4638
3,110
8 020
9, 166
.4474
3,030
5, 105
5,885
.4665
2,920
6, 035
6,895
.4792
2,880
3,350
3,335
.5307
2 710
3,130
4,425
.5287
1,320
3,310
.5188
1,570
2, 940
1,944
.5162
2,540
3,835
3,569
.5374
2,480
4,405
3,307
.5560
2,570
4,410
3,932
.5352
2,330
3,845
4,242
.5122
16, 313
6, 461
38, 043
4,549
33, 534
5,788
30, 162
6,003
27, 940
6,664
26, 075
6, 769
23, 812
7,504
22, 476
8,209
21, 694
7,014
20, 423
6,459
17, 704
5,649
17, 371
5,089
17, 251
5,094
11,820
13 368
22, 111
14, 621
26, 605
10 496
28, 952
14, 064
24, 637
13, 787
19, 083
15, 514
28, 255
12, 000
20, 802
19, 428
21,600
14, 778
26,487
17. 211
25, 689
16, 562
25, 300
17, 922
34, 934
21, 788
.0432
24, 943
30, 324
26 950
26, 950
97, 682
.0488
30, 865
25, 836
45, 599
45, 577
108, 157
.0492
33, 510
27, 220
42 403
42, 381
99, 264
.0470
33, 279
25, 416
34, 279
34, 279
98, 264
.0475
35, 141
26, 820
37, 981
37, 937
95, 424
. 0452
32, 582
28, 142
26, 783
26, 783
101, 223
.0446
32, 022
27, 190
27, 685
27, 663
105, 560
.0427
32, 954
28, 744
26, 532
26, 488
111,982
.0438
30, 172
30, 763
32, 361
32, 361
109, 793
.0437
33, 721
26, 952
32, 753
32, 750
110, 761
.0437
30, 562
26, 692
31, 948
31, 948
109, 375
. 0435
30, 992
27, 193
35, 635
35, 635
104, 732
.0424
25, 143
31, 284
30, 186
30, 138
99, 689
Conduit, nonmetallic, shipments thous. of ft
Delinquent accounts, electrical trade. (See
Domestic trade.)
Furnaces, electric, new orders
kilowatts.479
Electrical goods, new orders f (quarterly)
thous of dol
Laminated phenolic products, shipments
dollars ._ 667, 198
Mica, manufactured:
Orders, unfilled, end of month
57
thous. of doL _
Shipments
thous. of doL.
106
Motors (direct current):
Billings (shipments)
dollars..
Orders, new
dollars. .
Panelboards and cabinets, shipments
thous. of dol._
2,194
2,803
1,293
1,069
1,252
814
1,606
1,097
1,111
1,488
1,981
1,551
783
936
1,452
664
981
829
1,147
1,422
1,462
1,415
« 1,090
32, 734
450
773
248
3
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite #
long tons..
Wholesale prices:
No. 1, virgin, 98-99, N.Y
dol. per lb_.
Scrap, cast, N.Y
dol. per lb_.
Babbitt metal:
Production, total
thous. of lb_.
For own use
thous. of lb._
Sales._.
thous. of lb_Copper:
Exports, refined § *
short tons
Imports, total § #
short tons
Ore and blister
short tons
Price, electrolytic, N.Y
dol. per lb_.
Gold. (See Finance.)
Lead:
Ore:
Receipts in U.S. ore
short tons
Shipments, Joplin district
short tons..
Refined:
Imports #
short tons
Price, pig, desilverized, N.Y dol. per lb._
Production
short tons..
Shipments, reported
short tons
Stocks, end of month
_. short tons
Silver. (See Finance.)
Tin:
Consumption in manufacture of tin and
terneplate*
long tons
Deliveries .
long tons
Imports, bars, blocks, etc. #
long tons
Price, Straits, N.Y
dol. perlb_.
Stocks, end of month:
World, visible supply
long tons
United States
long tons
Zinc:
Ore, Joplin district:
Shipments . _
short tons
Stocks, end of month
short tons
Price, slab, prime, western (St Louis)
dol. per lb._
Production, total (primary) §... short tons..
Retorts in operation, end of mo
number. .
Shipments, total §
short tons
Domestic §
short tons..
Stocks, refinery, end of month §. short tons..
0
0
Elcctrieal Equipment
98, 768
578, 503
608, 788
585, 454
561, 984
493, 125
438, 483
601, 395
566, 490
844, 449
780, 160
760, 788
804, 870
148
118
124
130
136
106
157
111
107
100
124
120
142
99
112
121
78
158
78
111
63
147
53
114
219,601
376, 758
289, 101
453, 476
255, 170
253, 015
238, 047
272, 973
295, 298
283, 037
414, 804
375, 719
220, 776
235, 394
309, 232
215, 558
274,937
337, 280
287, 031
245, 784
280, 771
321, 483
335, 307
366, 613
165
167
148
162
191
205
148
152
192
197
225
204
• New series. For earlier data, see p. 20 of the December 1932 issue.
• Revised.
t Revised series. For earlier data see p. 19 of the August 1933 issue.
• Data on exports revised for 1933. For revisions of months not
http://fraser.stlouisfed.org/
shown above see p. 20 of this issue.
Federal Reserve Bank of St. Louis
484
128, 034
92,302
88, 544
§ Data for 1932 revised. For revisions see p. 48 of the June 1933 issue, exports of
refined and total imports of copper; for revisions of 1933 on zinc, see p. 49 of the
February 1934 issue.
# See footnote on p. 35 of this issue. Data for 1933 revised. Revisions for such
months not shown above will appear in a subsequent issue.
SURVEY OF CURRENT BUSINESS
50
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
September 1934
1933
July
1934
Decem- January FebruAugust SeptemOctober November
ber
ber
ary
March
April
1
May
June
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Electrical Equipment— Continued
Porcelain, electrical, shipments:
Special... _.
dollars-Standard
dollars. _
Power cables shipments
thous of ft
337
Power switching equipment, new orders:
Indoor. _
._
dollars..
Outdoor
dollars..
Radiators, convection type. (See Iron and
steel.)
Reflectors, industrial, sales
units..
Vacuum cleaners, shipments:
Floor cleaners
number.. 40, 065
Hand cleaners *
number
12 025
Vulcanized fiber:
Consumption
thous of Ib
1 839
Shipments
thous. of dol_.
316
Welding sets, new orders:
Multiple operator
units. .
Single operator
units..
45, 922
30, 498
245
59, 120
47, 342
344
53, 046
37, 186
313
59,028
25, 118
404
51, 736
23, 738
312
42, 433
14, 657
173
30, 426
20, 543
177
28, 568
17, 244
180
43, 433
22, 403
390
40, 374
27, 666
321
42 307
22 169
312
51 359
21 539
363
26, 000
65, 354
27, 613
65, 875
27,911
81, 635
28, 619
47, 550
27, 178
38, 321
31, 347
39, 083
32, 289
38, 002
33, 122
43, 075
33, 903
92,297
35, 475
86, 788
33 283
115 806
27 611
90, 477
46, 453
49, 945
50, 484
59, 451
47, 770
53, 768
49, 978
45, 604
48, 456
52, 453
57 641
46 681
35,000
10, 673
43, 916
13, 198
61,340
18, 317
59, 246
15, 945
62, 000
13, 856
60, 000
18, 357
45, 006
14, 802
54,000
11 908
78,475
23 461
65, 526
18 759
65,
213
9
1 738
50, 348
20 014
2,032
434
1,948
446
1,963
412
1,876
406
1,798
353
1,591
313
1,741
313
1 464
294
1 908
387
1 767
357
1 912
*432
1 833
451
2
200
6
143
0
147
0
141
9
176
4
306
4
219
4
252
2
335
9
332
1
395
1
333
3 764
13, 678
2 663
13, 465
2 145
14 447
695, 863
.148
526, 883
.148
347, 988
.139
552, 353
.138
660, 820
.138
799, 592
.138
704, 816
.140
788,911
.143
740, 222
.144
107
316
603
459
489
636
97
325
568
391
351
657
93
249
460
364
339
698
80
368
459
356
312
714
76
307
451
324
311
714
63
691
798
430
384
748
56
314
745
418
378
788
51
279
622
350
325
814
48
238
461
343
401
725
139, 835
144, 133
109, 405
77, 150
125, 486
136, 947
2.10
2. 10
2.10
2.10
2. 10
2. 10
14, 713
11,408
9,239
14, 243
17, 555
11,051
Miscellaneous Products
Brass and bronze (ingots and billets):
5 027
5 601
4 386
Deliveries
net tons
14, 664
14, 065
Orders unfilled end of month
net tons
15, 657
Brass, plumbing:
Shipments*
._
number of pieces.. 693, 91 1 1,112,013 1,060,739 844, 606
.145
Brass sheets, wholesale price, milL.dol. per lb_.
.140
.147
.148
Copper, wire cloth:
Orders:
Make and hold-over, end of month
49
272
thous. of sq. ft._
289
249
282
362
New
_
thous. of sq. ft..
491
379
423
729
Unfilled, end of month
thous. of sq. ft..
735
657
281
444
400
Production
-.thous. of sq. ft._
460
477
492
Shipments
thous. of sq. ft_.
300
466
Stocks, end of month
thous. of sq. ft_.
718
682
680
738
Fire-extinguishing equipment. (See automobiles.)
PAPER
WOOD
Chemical:
™LP
Consumption and shipments, total t
271, 533
short tons
Soda
short tons
31,428
120 665
Sulphite total
short tons
79, 942
Bleached
short tons
40 723
Unbleached
short tons
119,440
Sulphate
short tons
150, 031 * 178, 606
Imports t #
short tons
Price, wholesale, sulphite, unbleached
1.64
dol. per lOOlb..
2. 10
269, 166
Production total f
short tons
30, 365
Soda
short tons
120, 309
Sulphite total
short tons
81,077
Bleached
short tons
39, 232
Unbleached
short tons
118 492
Sulphate
short tons
Mechanical (ground wood) : f
113,215
Consumption and shipments
short tons
23,612
Imports #
short tons
21 037
105,316
Production
short tons
AND PRINTING
307, 192
32, 345
134 884
65, 919
68 965
139, 963
194, 641
298, 680
31,261
143 912
74, 397
69 515
123, 507
192, 338
303, 620
32, 637
147 783
67,770
80 013
123, 200
191, 019
267, 383 278, 551
28 081
33 897
144 472 153 579
54, 412
65, 050
90 060
88 529
94, 830
91, 075
218, 833 °158, 815
1.75
309 065
33, 039
134 934
65, 202
69, 732
141 092
1.79
303 195
31, 834
146 480
78, 395
68, 085
124 881
1.91
306 576
33, 000
150 253
68 524
81, 729
123 323
1.95
275 405
28, 831
149 809
57, 155
92, 654
96 765
1.95
275 700
34, 448
151 434
64, 726
86, 708
89 818
116 275
21,354
103, 540
99 726
24, 909
92 083
102 654
30, 966
103, 274
108 456
25, 912
108 024
105 101
°15,872
107, 465
923, 842
941, 341
925 347
921, 401
852 366
854, 959
797 014
789 048
785 374
754, 153
738 266
733, 585
52
59
61
70
52
68
53
58
52
63
50
59
51
54
57
61
67
64
63
63
59
61
67
59
6
8
92 060
7
10
98 842
7
9
99 746
6
6
90 708
5
7
90 534
7
7
85 419
6
5
5
5
5
6
5
5
4
5
4
97, 860
98 644
100 943
89 710
88 271
88,580
212 845 167, 303
531
208, 238 «182,
199, 926 0 183, 802
55, 099 «41,918
165, 880
196, 036
196, 136
41, 826
177, 806
179, 655
183, 994
37, 237
171 947
188, 827
187, 734
38, 41f
162, 293
204, 136
211,520
30, 858
185, 637
175, 304
172, 285
33, 847
187, 821
188, 381
186, 805
34, 711
131,919
174, 447
169, 054
40, 445
239, 443
211,819
207, 906
42, 973
157, 031
216, 510
220, 769
37, 247
222, 071
242, 490
236, 764
42, 459
202, 177
229, 637
225, 449
48, 782
132, 482
197, 227 « 163, 434
127, 837
151, 210
134, 306
177, 750
152, 098
175,711
154, 934
176, 766
148,427
168, 787
140, 955
168, 752
153, 958
124, 584
156, 721
168, 839
160, 815
196, 490
193, 088
204, 036
154, 175
200, 004
40 00
"80, 396
«82, 925
40 00
87, 957
86, 077
40 00
72, 091
74, 139
40 00
82. 052
81, 580
40 00
87, 567
86, 829
40 00
80, 895
82, 031
40.00
84, 897
84, 629
40.00
71, 544
68, 127
40.00
84, 966
88, 078
40.00
80, 505
83, 196
40.00
89, 726
89, 957
40 00
a
82, 260
« 78, 480
PAPEB
Total paper:
Production f
short tons
Shipments t
short tons
Book paper:
Orders, new:
Coated
percent of normal production..
Uncoated percent of normal production
Orders, unfilled:
Coated
number of days' production
Uncoated
number of days' production..
Production f
short tons
Percent of capacity
._ ..
.. .
Shipments f
short tons
Newsprint :j££
Canada: ^ g|
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.
bases
dol per short ton
Production, total
short tons..
Shioments from mills
short tons .
Stocks, end of month:
At mills...
short tons..
At publishers
short tons
In transit to publishers
short tons..
40 00
76, 184
70, 133
22, 060
18, 630
22, 335
17, 784
20, 337
18, 566
24, 080
19, 676
21, 407
19, 152
18, 991
241, 136
171,011 177, 732 178, 159 184, 875 199, 845 208, 895 192, 808 192, 335 202, 467 216, 061
45, 749
38, 345
43, 432
34, 737
46, 200
34. 214
40. 746
28. 915
37, 557
30. 934
36. 679
* New series. For earlier data on hand vacuum cleaners see p. 20 of the August 1934 issue. Data prior to July 1931 not published on brass plumbing fixtures.
t Revised series. For earlier data see pp. 18, 19, and 20 of the November 1933 issue for chemical, mechanical wood pulp, and total paper; p. 49 of the June 1933 issue for
1932 for chemical wood pulp imports; and p. 19 of the December 1933 issue for book paper.
* See footnote on p. 35 of this issue. Data for 1933 revised. Revisions of such months not shown above will appear in a subsequent issue.
* Revised.
30, 174
«36, 146
157, 118
26. 278
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
July
51
1933
Decem- January FebruOctober NovemAugust September
ary
ber
ber
1934
March | April | May
June
PAPER AND PRINTING—Continued
PAPER— Continued
Paper board: *
Production.
.short tons
Shipments
short tons
Box board: §
Consumption, waste paper
short tons..
Orders:
New
_ .short tons..
Unfilled, end of month
short tons__
Production
short tons..
Operations, percent of capacity
Shipments
short tons
Stocks, end of month
short tons..
Stocks of waste paper, end of month:
At mills
short tons
In transit and unshipped purchases
short tons
Writing (fine) paper: t
Production
short tons
Percent of capacity
Shipments!
short tons
Wrapping paper:
Production!
short tons .
Percent of capacity
Shipments! - -.
_ short tons
All other grades:
Production!
short tons
Shipments! .
short tons _
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams-- 46, 050
Foreign
__
_reams-- 8,100
Paper board shipping boxes:
Operating time total
percent of normal
Corrugated
. percent of normal
Solid
fiber
percent of normal
Production total
thous of SQ ft
Corrugated
thous. of sq. ft
Solid
fiber
thous of sq ft
PRINTING
Blank forms, new orders
thous. of sets.. 63, 133
485
Book publication, total.. .number of editions..
386
New books
number of editions
99
New editions
number of editions
Operations (productive capacity) .__1923=100_.
Sales books
11, 422
Orders, new
thous of books
Shipments
-thous. of books-. 11,357
364, 253
368 624
368, 464
371 043
349, 903
349, 553
301, 868
307, 000
292, 741
276 348
265, 468
264 672
204, 640
226, 455
187, 837
161, 595
145, 307
121, 703
170, 763
176,423 222, 074
167, 978
205, 418
268, 546
128, 638
283, 272
79.0
246, 994
66, 371
307, 321
118, 298
312,747
77.3
252, 036
63, 965
238, 771
105, 423
252, 452
70.7
226, 336
65, 110
185, 026
62, 177
228, 416
60.1
191, 989
63,315
199, 059
55,080
206, 933
54.1
175, 148
70,263
169, 116
48, 920
176, 337
47.1
152, 712
64,965
218, 169
63,328
230, 311
57.3
187, 557
77, 825
234,318 264, 985 230, 754 225 957
75, 143 86, 033 76, 578 80, 958
223,366 254, 819 244, 334 223, 478
63.5
63.4
66. 1
55.4
192,685 221, 114 213, 956 197, 543
75,687 84,326 82, 190 a 74, 670
214 236
72, 990
224, 214
57.1
190 896
70, 711
77, 527
82, 838
105, 471
119, 809
137, 287
150, 645
176, 761
193,321 204, 259
213, 308
223 262
219 847
23,816
21, 857
20, 245
15, 374
30 143
20, 577
27, 679
36, 865
31, 296
28 443
27 882
15 950
52 537
83
52 274
53 943
78
53 727
42, 767
76
41, 441
46, 636
70
43,232
40 958
61
38 378
43,236
65
39, 993
152, 334
106
153, 857
160, 982
105
161, 143
140, 334
98
136, 826
129, 658
89
123, 045
109, 742
75
109, 303
99, 259
70
100, 053
179, 788
183, 204
153, 973
149, 662
143, 470
147, 918
142, 792
141, 221
160, 313
151, 496
157, 350
151, 528
59, 784
6,945
67, 442
6,739
61, 656
6,699
80, 366
7,823
44, 595
8,972
29,581
11, 733
41,311
9,450
46, 235
10, 947
56,811
15, 322
57, 097
7, 312
58. 121
LI, 854
54, 185
8,030
90
81
87
97
64
70
600, 157 566, 267
481, 396 452, 869
118 761 113 398
71
78
49
493, 888
395, 814
98 074
63
70
40
422 365
335, 551
86 814
56
63
37
378, 189
303, 101
75 088
91
100
65
631, 484
513, 490
117 994
191, 545
72, 099
660
554
106
63
94, 244
572
491
81
84
60, 009
824
699
125
68
69, 318
754
643
111
71
69, 329
652
545
107
74
60,083
882
764
118
74
62,642
470
393
77
72
60, 789
630
539
91
74
72,204
806
677
129
76
70, 209
585
491
94
76
72, 167
542
457
S5
78
92, 182
698
564
134
71
13, 078
11, 097
13, 364
11,950
10, 958
10, 483
9,697
11, 627
9,341
10, 538
11, 201
9,668
9,430
11,219
9,733
9,932
12, 135
10, 953
9,782
10, 655
11,650
11,395
11,127
11,470
RUBBER AND RUBBER
PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total
long tons
30 035 43, 660 39, 097 31, 047 27, 758 25 371 25, 306 35, 159 36, 548 43, 329 40, 902 39t 571
36, 620
27, 611
For tires J! _ .
._
. long tons _
28,989 25, 457 20, 161 17, 984 15,712 15, 471 26, 767 28, 304 33, 766 31,219 30, 195
42, 674 45, 243 45, 413 46, 255 46, 034 41, 821 40, 751 49, 088 35, 220 42, 253 45, 175 49, 901
Imports, total, including latex ! #.!ong tons.
48, 748
Price, wholesale, smoked sheets, N.Y.
.133
.078
.104
.109
doL per lb..
.073
.088
.093
.126
.146
.073
.076
.134
.086
Shipments, world
.
long tons
65, 000 74, 000 75, 462 74, 000 84, 000 78, 111 87, 801 82, 000 85, 000 83, 000 84, 000 "115, 000
70, 000
Stocks, world, end of month !
long tons.. 676, 882 619, 752 603, 711 619, 019 628, 127 646, 423 644, 898 643, 355 652, 690 653, 000 °647, 993 °659, 865 660, 699
98, 373
Afloat, total
long tons
97 336 96, 794 88, 355 97, 468 101, 530 109, 955 109, 508 92 210 103, 329 105, 403 108 314 112,401
For United States
long tons.. 57, 336 71, 794 66, 355 71, 568 73, 210 71, 425 69, 508 57,210 66, 329 68, 403 70, 314 72, 401
58, 373
London and Liverpool
long tons.. 105, 989 99, 906 96, 661 95, 022 89, 766 87, 984 86, 505 90, 320 92, 519 94, 337 96, 134 96, 214
99, 733
British Malaya
. . .
long tons . 106 448 88, 199 85, 573 85, 207 81, 758 85,231 87, 185 88, 215 92, 210 96, 499 97, 146 96, 971 102, 045
United States!
long tons. _ 365, 000 334, 853 333. 122 341, 322 352, 782 363, 253 365, 000 372, 610 364, 632 355, 254 351, 759 354, 909 "360, 548
Reclaimed rubber:
7,642
7,980
8,328
6,990
5,337
4,404
5,600
6,423
7,697
7,615
Consumption
long tons.- 7,006
5,818
4,688
Production
long tons
8,934 10, 790 10 185 10, 848
10, 820
11, 005
9,809
8 898
9,238
8,966
9 446 11, 326
8 519
19, 641
Stocks, end of month_
long tons_. 22, 035
9,311
9,924
13, 692
18, 333 18, 508 19, 454
10, 473
11, 713 12, 652
17, 227
16, 770
Scrap rubber:
Consumption by reclaimers
long tons...
33, 052
37, 638
33, 486
TIRES AND TUBES J
Pneumatic casings:
4,212
4,571
4,323
Production
thousands _ v 3, 278
3,199
2,432
3,804
4,205
5,025
3,995
2,743
2, 466
4,627
5, 172
5,071
4,398
Shipments, total
thousands
2,030
2,825
4,096
P 4 050
3,766
2 803
3,126
3,186
4 305
1 758
4,324
5, 049
4,956
2,714
4,212
Domestic
thousands.- •p 3, 974
3,674
3,043
3,106
3,966
1,943
1,686
2,726
9,913
Stocks, end of month
thousands
5,475
p 9, 168
9(394 10, 403 11, 301 11,621 10, 793
5,656
6,076
6,769
7,110
7,397
Solid and cushion tires:
11
11
21
15
12
12
14
19
Production .
_ thousands-p 19
15
15
16
16
11
P 17
19
14
18
9
14
Shipments, total
thousands_13
14
13
15
13
14
11
8
19
17
•p 16
13
12
12
Domestic
thousands
13
13
• 14
13
13
29
v 32
21
31
Stocks, end of month
thousands
24
30
28
24
26
28
30
26
28
Inner tubes:
3,974
4, 228
4,482
p 3,410
Production
„
thousands
5,039
4,593
3,933
3 070
2 805
2 105
3,445
3,956
2 290
5,150
4,755
4, 169
Shipments, total
thousands-- P 4, 150
3,103
3,224
3,995
4,212
3,750
2,141
1 682
2,778
2,728
5,058
4,663
4,110
4,141
Domestic
thousands-- p 4, 091
3,685
3,164
3,906
2,719
2,079
1,636
2,656
3,045
8,532
9,741
5, 152
8,892
Stocks, end of month
. thousands . v 7, 858
5, 303
5 607
6 252
8,151
9,937 10 267
6 265
6 900
Raw material consumed:
Crude rubber. (See Crude rubber.)
7,81
18, 709
Fabrics
thous. of lb_..
16, 821
13, 592
11,116
10, 447
9,986 16, 437 13, 721 20, 927 19, 371 18, 785
a
Revised.
! Revised series. For earlier data sea 01. !^ nnd 20 of the December 1933 issue for writing, wrap nn", and other grades of p'iper; for 1932 revisions, p 50 of the June 1933
issue for crude rubber imports; and for 1932 revision, p. 50 of the May 1933 issue for world and United States stocks. Dati on consumption of rubber for tires revised for
1932, 1933, and 1934. For revisions see p. 51 of the Aug. 1934 issue.
§ Earlier data on box board not available, prior to January 1933.
J Data for 1934 are estimated to represent approximately 97 percent of the industry; data are estimated to cover 79 percent of the industry for 1929-33. inclusive, and
75 to 80 percent prior to 1929.
# See footnote on p. 35 of this issue. Data for 1933 revised. Revisions for months uot shown above will appear in a subsequent issue.
* New series. See p. 19 of the December 1933 issue.
v Preliminary,
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
52
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
1934
July
September 1934
18 34
1933
July
August
S
tr October
N
Febru^-j D SSr January
ary
March
April
May
June
RUBBER AND RUBBER PRODUCTS—Continued
MISCELLANEOUS PRODUCTS
Rubber bands, shipments..
thous. of lb._
Rubber clothing, calendered:
Orders, net— .number of coats and sundries. .
Production number of coats and sundries
Rubber-proofed fabrics, production, total
thous of yd
Auto fabrics..
thous. of yd..
Raincoat fabrics
thous. of yd..
Rubber flooring, shipments.. -thous. of sq. ft_.
Rubber and canvas footwear:
Production, total
thous. of pairs
Tennis
.
thous. of pairs
Waterproof
thous. of pairsShipments, total
thous. of pairs..
Tennis
thous of pairs
Waterproof thous of pairs
Shipments, domestic, total thous. of pairs
Tennis
_
thous. of pairs. .
Waterproof
thous of pairs
Stocks, total, end of month thous of pairs
Tennis ..
thous. of pairs
Waterproof
thous. of pairs..
Rubber heels:
Production
thous of pairs
Shipments, total *
thous of pairs
Export
thous. of pairs..
Repair trade
thous. of pairs..
Shoe manufactures
thous. of pairs..
Stocks, end of month
thous. of pairs..
Rubber soles:
Production.
thous. of pairs..
Shipments, total*
thous. of pairs..
Export
thous. of pairs ..
Repair trade
thous of pairs
Shoe manufactures
_ thous. of pairs
Stocks, end of month
thous. of pairs _.
Mechanical rubber goods, shipments:
Total
thous. of dol..
Belting
thous. of dol-_
Hose.
thous. of dol._
Other
thous. of doL.
220
307
260
208
188
185
186
303
220
10, 550
38, 451
21, 525
41, 610
27,948
37, 371
23, 526
41,612
14, 878
38, 342
13, 818
27, 074
13, 811
21, 777
15, 246
20, 062
5,992
584
3,301
255
5,136
466
2,791
319
3,948
375
2,483
252
3,740
317
2,393
329
2,458
318
1,165
268
1,682
306
628
211
2, 488
257
939
273
3, 194
301
1, 429
393
3,824
1,496
2,327
4,333
2,251
2,082
4,253
2,181
2,072
13, 517
3,832
9,685
5,319
1,898
3,421
5,126
1,640
3,487
5,043
1,575
3,468
13, 749
4,134
9,616
4,827
1,379
3,448
6,061
1,261
4,800
5,993
1,215
4,778
12, 512
4,252
8,261
5,931
1,739
4,193
5,634
679
4,955
5,591
656
4,935
12, 806
5,312
7,495
15,903
15, 656
346
4,485
10, 825
38, 997
21, 496
20, 116
293
6,184
13, 638
19, 861
22, 632
18, 410
282
7,352
10, 775
24, 123
19, 621
14, 809
306
4,635
9,868
28, 637
19, 103
14, 157
340
3,765
10, 052
33, 750
15, 955
11, 287
337
4,552
6,398
38, 436
13, 625
12, 738
322
3,215
9,201
37, 528
14, 826
13,463
432
2,833
10, 198
42, 587
16, 293
20, 544
175
9,273
11, 096
38, 986
3,OS2
3,277
2
290
2,984
4,933
5,154
5,024
4
436
4,584
2,333
5,177
4,392
8
579
3,806
3,011
4,351
3,803
4,054
2,763
2
409
2,351
5,559
4,496
4,527
281
3,518
3,645
4,244
3,678
9
333
3,336
4,286
281
4,244
4,281
5,499
5,594
5
388
5,201
5,090
4,191
1,187
1,428
1, 575
3,892
975
1,298
1,619
3,675
882
1,206
1,587
3,275
808
1,117
1,350
2,836
607
1,013
1,216
2,848
627
1,015
1,206
3,479
699
1,297
1,483
526
262
342
293
238
3,877
575
1,670
437
3,908
594
1.778
540
3, 156
478
1,320
19, 903
19, 294
347
6,605
12, 199
39, 592
17, 802
16, 991
328
4,673
11, 991
39, 961
19, 603
20, 120
137
6,928
13, 055
39, 763
19, 412
20, 513
426
3,946
16, 142
38, 446
5,711
5,804
1
617
5,186
5,010
5,726
5,770
532
5,235
4,838
5,018
4,739
5
275
4,459
4,989
5,040
4,881
1
493
4,387
5,360
4,772
5,050
10
241
4,799
4,955
3,491
757
1,147
1,587
4,437
830
1,500
2,108
4,297
863
1,498
1,937
4,589
959
1,790
1, 840
19, 963
15, 615
11,364 | 13,795
3,575 !
434
1,527 i
490
1
STONE, CLAY, AND GLASS PRODUCTS
BRICK §
Common brick, wholesale price, red, N.Y.
dol. per thous .Face brick (average per plant) :
Orders, unfilled, end of mo. -thous. of brick..
Production (machine)* .
thous. of brick-Shipments
thous. of brick-Stocks, end of month J
thous. of brick. _
Sand-lime brick:
Orders, unfilled, end of mo thous. of brick ._
Production
thous. of brick-Shipments by rail
thous. of brick..
Shipments by truck
thous. of brick-Stocks end of month
thous of brick
10.50
9.25
9.25
9 25
9.25
8.75
9.00
9.25
9.88
10.50
10.50
10.50
10. 50
503
179
181
2,300
408
245
213
2,797
432
256
226
2,790
379
185
180
2,778
328
174
208
2,705
320
174
123
2,750
340
109
111
2,717
355
53
133
2,663
644
33
77
2,532
664
57
136
2,483
657
104
149
2,464
621
137
197
2,450
545
158
180
2, 380
3,955
1,148
15
947
2,042
865
2,084
58
1,419
3,130
315
903
15
975
2,608
245
882
19
891
2,189
1,775
1,431
773
642
1,485
75
601
0
800
2,010
100
967
16
791
2,213
900
359
54
366
2,042
355
563
126
721
1,755
705
437
29
1,006
1,518
605
1,340
60
1,346 !
1,324 |
425
1,228
44
965
1, 434
1.549
8,609
37.6
8,697
19, 848
6,832
1.586
8,223
35.9
5,994
22, 078
6,474
1.595
5,638
25.5
6,517
21, 216
6,507
1.603
5,037
22.1
6,750
19, 502
6,204
1.603
4,672
21.2
4,463
19, 709
5,877
1.603
3, 526
15.5
3,738
19, 541
5,717
1.650
3,779
16.6
3,778
19, 547
5,919
1.650
4,168
20.2
2,952
20, 762
5,936
1.650
5,257
23.0
4,618
21, 422
6,318
1.575
6,544
29.6
6,492
21,557
6,565
1.570
8,554
37.5
8,784
21, 301
6,304
1.650
8,786
39.8
8, 539
« 21, 600
« 6, 424
3. 117
56.6
2, 974
7, 567
2,322
72.8
2,112
5,103
2,492
72.3
2,553
5,033
2,158
67.6
2,529
4,736
2,237
67.4
2,084
4,796
2,123
64.0
1,806
5,112
1, 997
62.6
1, 873
5, 238
2,770
46.6
2,662
7,078
2,600
49.2
2,585
7,719
2,920
49.2
3,137
7,480
3,032
55.1
2,914
7,558
3,252
56.8
3,172
7,545
3,160
55.2
3.136
7,483
1. 453
2, 205
1, 062
1,331
2,100
1,611
1,815
2,168
1, 647
1, 556
2, 027
1, 926
1,473
1,856
1,713
1,571 i
1,958
1,588
1, 150
1, 805
1, 030
1,480
1,865
1,460
1, 781
2,259
1,256
1.522
1,918
1,763
1,145
1,794
1,495
1,491 !
1, 858 !
1,512 i
1, 553
1.951
L 276
1,105
43.1
4, 610
1,583
55.8
4,110
1,701
59.9
4,038
1, 736
61.2
4, 205
1,582
55.7
4,165
1,423 !
50.5 I
4,656
1, 171
41.2
4,286
1,439
56.1
4,581
1,413
55.1
4, 431
1.936
75.4
4,367
1,255
48.9
4,615
1,427 ;
55.6
4, 735
1, 446
56. 3
4,641
7. 242
11,350
11, 327
8,925
5, 794
4, 169
6,347
7,607
7,441
9, 927
8,629
7,764
6, 520
PORTLAND CEMENT
1.650
Price, wholesale, composite
.dol. per bbL.
8,134
Production
--thous. of bbl..
35.7
Percent of capacity
_
7,893
Shipments
thous. of bbL.
Stocks, finished, end of month. .thous. of bbl_. i 21, 842
Stocks, clinker, end of month thous. of bbl._ ! 6, 609
GLASSWARE, ETC.
Glass containers: f
Production
-thous. of gross -_ i
;;
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 t
thous. of sq. ft-.
• Revised.
* New series. Earlier data not published, rubber heels and soles and illuminating glassware; for earlier data see p. 20 of the June 1933 issue, face brick, machine production.
§ Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period.
f Adjusted for degrading and year-end physical inventories.
t Revised data for 1933 represent total production for the United States.
# Series on glass containers are not comparable for 1934 and earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for the first 7
months of 1933 amounted to 19,637,513 compared with 12,667,118 for the 30 firms reporting a year ago. Comparable statistics on shipments for the companies now reporting
by years, from 1928 to date were as follows (in gross): 192S, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data are not
available for this period on production and stocks, nor are monthly figures on production available. It may be noted from the trend of these data that the monthly figures
prior to 1934 had a downward bias.
53
SURVEY OF CURRENT BUSINESS
September 1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Surrey
1934
July
1934
1933
July
i
Decem- January FebruOctober NovemAugust September
ber
ary
ber
March
April
May
June
STONE, CLAY, AND GLASS PRODUCTS—Continued
GYPSUM *
Crude (quarterly) :
Imports.
short tons..
Production
short tons
Shipments (uncalcined)
short tons
Calcined (quarterly):
Production
short tons
Calcined products (quarterly):
Shipments:
Board, plaster (and lath) .thous. of sq. ft_.
Board, wall
thous. of sq. ft
Cement, Keenes
short tons .
Plasters, neat, wood fiber, sanded, gaging,
finish, etc
short tons
For pottery, terra cotta, plate glass, mixing
plants, etc
short tons
Tile, partition
thous. of sq. ft
117,532
431, 521
158, 061
88,820
241, 100
89, 511
0
266, 761
85, 747
90, 453
432 020
173, 218
264,805
182, 194
206, 476
319, 983
35, 339
54,943
4,232
21, 796
41,314
2,752
19, 339
43,058
2,514
31,591
76 218
4,258
187, 152
139, 623
149, 420
226 405
30, 861
1,715
17, 220
1,333
24, 063
2,222
29 437
2,426
TERRA COTTA
Orders, new:
Quantity
Value
short tons..
-thous. of dol..
964
83
834
68
182
21
342
34
717
65
341
33
764
52
1,159
112
506
39
902
82
880
69
996
95
6,946
6,448
15 642
8,640
7,785
16 497
9,545
9,524
16, 518
8,883
8,435
16 965
9,114
8,660
17,419
1,630
122
TEXTILE PRODUCTS
CLOTHING
Hosiery: •
Production
thous. of dozen pairs
Shipments
thous. of dozen pairs..
Stocks end of month thous of dozen pairs
Men's and boys' garments cut:
Overcoats
thous. of garments. _
Separate trousers
thous. of garments ._
Suits
thous. of garments
COTTON
359
Consumption t
thous of bales
Exports:
Quantity, exclusive of linters
thous. of bales..
306
Value. (See Foreign Trade.)
Q innings (total crop to end of month)
thous. of bales. .
100
11
Imports #
. thous. of bales..
Prices:
To producer
dol. per lb_.
.123
Wholesale, middling, N.Y
.dol. per lb_.
.129
Production, crop estimate
thous. of bales _ / 9, 195
432
Receipts into sight 1 _. .
thous. of bales. _
Stocks, end of month: f
Domestic, total mills and warehouses
thous. of bales.. 6,796
Mills
. thous. of bales . 1,230
Warehouses
thous. of bales.. 5,565
World visible supply, total
thous. of bales.. 6,950
American cotton
thous. of bales _ _
4,737
10, 027
8,713
9,435
8,870
14 591
8,063
7,653
15 001
6,091
5,948
15 145
409
2,089
1,681
569
2,193
1,832
527
1,792
1,385
553
1,702
1,163
354
1,191
907
135
929
1,061
601
589
499
504
475
348
508
478
544
513
520
363
692
531
869
1,047
915
820
739
628
550
387
285
459
171
12
1,394
10
5,851
10, 361
12
12, 108
13
12, 357
14
12, 559
13
14
12, 660
19
12
15
10
.106
.108
.088
.096
.088
.097
.090
.097
.096
.100
.103
.113
.117
.123
.117
.123
.116
.119
.110
.114
.116
.123
761
782
°715
a
427
«598
a
522
»515
a
7,085
1,348
5,737
7,713
5,908
6,946
1,160
5,786
7,254
5,602
10,293
1,654
8,639
9,284
7,025
9,503
1,650
7,853
8,868
6,516
8,687
1 585
7,102
8,566
6 093
7,992
1 421
6,571
7,959
5,541
0
2, 141
0
8,535
1 160
7,375
7,901
6,385
10, 836
1,361
9,475
9,383
7,828
3, 252
.096
.102
•
13,
047
0
a
2, 349
1, 283
11, 985
1 574
10, 411
9,848
8 203
11, 955
1 642
10, 313
10, 060
8,255
11, 103
1 602
9 501
9,837
7 693
339
7,312
1 326
5 986
7,362
5 040
COTTON MANUFACTURES
Cotton yarn:
Prices, wholesale:
22/ls, cones, Boston
dol. perlb..
.311
.321
.308
.361
.339
.301
.322
.301
.295
.316
.327
.320
.298
40/ls, southern, spinning
dol. per lb_.
.459
.410
.548
.505
.494
.478
.458
.479
.458
.467
.480
.471
.451
Cotton goods:
Abrasive cloth. (See Paper Products.)
Cotton cloth:
Exports §--.
thous. of sq. yd.. 15, 647 28, 704 ' 18, 215 ° 13, 788 13, 095 15,092 17,919 16,790 20, 071 22, 556 23, 791 22, 792
21, 223
Imports #
thous. of sq. yd._
1,944 "3,368 « 2, 720
2,442
3,204
4,004
3,925
3,985
4,616
6,135
1,701
5,426
3,817
Prices, wholesale:
Print cloth, 64x60
dol. per yd..
.067
.070
.067
.067
.067
.065
.066
.072
.069
.063
.070
.067
.064
Sheeting, brown, 4 x 4 (Trion mill)
dol. per yd..
.077
.088
.080
.078
.077
.073
.076
.082
.077
.081
.080
.077
.076
Cotton cloth finishing: *
Production:
Bleached, plain ...
. .thous. of yd..
108 328 122 869 132 678 163 772 150 138 137 053
106 741
Dyed, colors
thous. of yd
60 294
73 954
76 678 89 192 117 562 104 689 97 838
Dyed, black ..
thous. of yd__
4 616
5 259
4 761
5 834
6 416
5 916
4 885
Printed
thous. of yd..
86,517 99,901 104, 920 131, 426 122 951 114 803
83 414
Stocks: •
Bleached and dyed
thous. of yd_. 310, 251
341 351 332 985 325 313 327 040 308 895 310 471 314 413
Printed
thous. of yd.. 111, 154
118, 034
137, 661 106, 280 104, 949 99, 614 106, 388 107, 128
Spindle activity: t
24, 418
Active spindles
thousands
26, 085 25, 885 26, 002 25, 875 25 423 24 841 25 653 26 355 26 504
24 690
26 451 25 891
Active spindle hours, total, .mills, of hours.. 5,152
7,942
8,128
7,058
7,261
6,796
6,692
7,279
5,095
6,970
7,720
5, 253
7,260
Average per spindle in place
hours..
167
263
229
258
235
220
165
249
235
169
225
234
216
O Derations
percent of capacitv. .
74.3
117.5
98.2
106.7
99.6
101.9
96.3
73.5
102.9
72.7
98.5
101.5
104.5
* New series. For earlier data on gypsum, see p. 20 of the January 1933 issue; the new series on hosiery compiled by the Hosiery Code Authority and are estimated to
represent 95 percent of the industry. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry;
figures are not available for earlier periods; the production statistics are prorated from data for 4-week periods; stocks are as reported at end of each 4-week period.
• Dec 1 estimate.
/ A s of August 1.
1 For revisions for crop years 1932 and 1933 see p. 52 of the October 1933 issue and p. 52 of the September 1933 issue, respectively.
t For revisions of cotton consumption domestic stocks and spindle activity for the year ended July 1932 see p. 20 of the February 1933 issue, and for cotton consumption domestic stocks and spindle activity for the year ended July 1933 see pp. 52 and 53 of the November 1933 issue.
§ Data revised for 1932, For revisions see p. 53 of the June 1933 issue. Data revised for 1933 for revisions of months not shown above see p. 20 of this issue.
# See footnote on p. 35 of this issue. Data revised for 1933. Revision for months not shown above will appear in a subseqeunt issue.
• Stocks at end of 4-week periods.
54
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of data, may be found
'ound
urvey
in the 1932 Annual Supplement to the Survey
1934
September 1934
1933
July
July
I August
e
1934
he^m" ^c^ODer
Novem- Decem- January
ber
ber
ary
March
April
May
June
TEXTILE PRODUCTS—Continued
RAYON AND SILK
Rayon:
30
24
Imports#
thcus. of lb__
828
1,126
395
92
770
32
338
42
14
64
Price, wholesale, 150 denier, "A" grade,
0.55
N.Y
— dol. per Ib _
0 60
0 65
0 65
0 65
0 65
0 65
0 65
0 65
0 65
0 55
0 55
Stocks, imported, end of month.thous. of lb__
398
287
410
504
507
506
488
467
477
Silk:
Deliveries (consumption)
bales . 32, 021 44, 597 42, 852 31, 185 28,521 34, 822 26, 959 40 942 39 021 44 080 37 392 38 740
Imports, raw#
thous. of lb_. 4, 719
8,396
7,828
7,007
7,029
5,472
4,833
3,895
4,798
4,279
5,796
5,176
Prices wholesale:
Raw, Japanese, 13-15, N.Y
dol. per lb_. 1. 139
2.273
1.881
1.889
1.647
1.465
1.416
1.453
1.405
1.318
1.550
1.284
0.92
Silk goods, composite
dol. per yd..
1.02
1.04
1.04
1.04
1.04
1.04
1.04
1.04
1.04
0.96
1.01
Stocks, end of month:
World, visible supply
bales
243, 529 264 130 283, 731 301 981 323 171 314 921 317 000 307 000 287 000 278 000 268 000
United States:
At manufacturers
._
bales..
21, 458
23,092
24, 480
23,078
23, 153
24, 762
21, 902
23, 139
22, 640
22,415
21,675
66, 268
At warehouses
. . bales
51,684
55 515
73,800
93, 625
91 122
96 786
62 828
83 820
61 083
74 607
61 060
Silk manufacturing:
Operations, machine activity:
Spinning spindles: *
4J.5
All
percent of capacity __
39.2
48 6
56 0
62 5
59 7
31 5
37.2
5-B
percent of capacity
34 9
40 2
53 2
45 9
52 0
39 3
Weaving:
Broad loomsf
percent of capacity
34 8
41 6
46 2
62 3
35 5
52 8
54 9
64 3
37 9
Narrow loomsf
percent of capacity..
33 6
31 1
34 8
29 1
32 0
36 6
35 8
30 0
37 0
Silk piece goods:*
Commission mills:
New orders
yards per loom.. 288.4
468 0
277 0
247 3
391.8
Production
yards per loom__
614.8
780.9
434 2
391.0
Shipments
yards per loom
572 0
766 3
411 7
Stock-carrying mills:
Production
yards per loom.. 266. 0
400.2
419. 1
331.1
283.1
323.2
344.9
327.0
364.0
446.6
269 7
416 0
282. 3
Shipments
yards per loom__
357.3
351 5
253 1
509 6
276 4
333 0
445 8
390 2
458 5
357 7
412 4
1,004.5
Stocks, end of month. ..yards per loom..
818.6
771.8
726.3
785.8
880.3
937.7
898.7
811.8
901.1
890^3
831.0
327.4
Still to come off looms yards per loom
495 4
510 4
436 7
463 5
521 0
430 3
384 1
378 5
454 7
4
0 *>K
33 069
5,037
1. 199
0.93
259 OCG
5Q Q4<<
40 0
38 9
278 4
458 5
426 1
290 Q
271 0
977. 3
372 R
WOOL
Consumption, grease equivalent.. thous. of lb_. p ?5, 936
7,632
Imports, unmanufactured §#
thous. of lb._
Operations, machinery activity:
39
Combs, worsted
.. .percent of capacity __
Looms:
34
Carpet and rug
percent of capacity-28
Narrow .
percent of capacity..
56
Wide
percent of capacity __
Spinning spindles:
74
Woolen
percent of capacity ..
32
Worsted
._ percent of capacity __
Prices, wholesale:
0.84
Raw, territory, fine, scoured
dol. per lb__
0.31
Raw, Ohio and Penn., fleeces dol. per lb._
Suiting, unfinished worsted, 13 oz. (at mill)
1.634
dol. per yd__
Women's dress goods, French serge, 54" (at
1.139
factory)
- dol. per yd_.
Worsted yarn, 2/32s, crossbred stock, Boston
1,26
dol. per lb_.
Receipts at Boston, total
thous. of lb_.
Domestic
thous. of lb_.
Foreign
thous of Ib
57, 377
31,406
55, 694
40,060
50, 467
21, 308
51, 037
19, 633
43, 466
15, 997
33, 570
16, 168
35,968
9,637
34, 348
12, 622
36, 119
16, 975
29, 889
13, 567
28,213
7,458
26, 213
8, 003
134
113
108
108
100
76
74
65
61
46
48
a 4{)
46
54
97
45
51
87
49
48
73
49
41
62
46
39
64
35
27
57
35
34
67
40
39
69
43
38
66
39
40
55
42
40
58
«46
°30
a 54
108
96
99
DO
82
69
68
65
63
60
54
46
70
52
76
48
75
44
70
39
70
41
o 71
a 29
0.79
0.35
0.80
0.37
0.82
0.39
0.84
0.41
0.85
0.41
0.88
0.42
0.88
0.42
0.88
0.42
0.87
0.40
0.85
0.37
0.84
0.33
0.84
0.31
1.613
1.765
1.800
1.800
1.800
1.800
1.800
1.800
1.763
1.650
1.634
1.634
0.975
1.065
1.125
1.125
1.125
1.125
1.125
1 125
1.125
1.103
1 119
1 139
1.17
83, 318
70, 876
12 442
1.18
61, 303
45, 593
15 710
1.29
28, 981
22, 204
6 777
1.35
18, 931
15, 241
3,690
1.35
14,068
11,073
2,95*5
1.35
6,176
4,824
1 352
1.35
1.35
1.35
1.35
1.31
1.2S
50, 203
20, 527
25,097
18, 974
49, 848
21, 824
33, 914
18, 713
31,061
22, 195
35, 768
28,406
26, 346
18, 839
35, 113
23, 059
30, 573
17, 861
34, 400
17,172
27 093
21,399
114
77
•99
62
53
44
102
74
125
82
45
39
157
61
72
47
78
47
54
35
121
77
45
42
49.0
5,983
815
150
3,236
1,301
3,892
56 3
5,737
779
713
3,264
1,270
5,280
52 9
5,832
506
483
2,216
1,074
2,743
60.4
5,827
505
365
3,066
1,097
876
58 8
6,211
667
612
1,506
877
711
41 8
7,315
1,057
°393
1,223
709
1,154
44 8
7,328
274
254
1, 457
883
3,515
46 5
7,342
1,862
559
1,291
9S9
3,077
62 7
7,187
1,608
657
867
1,204
3, 148
61 7
7,327
345
168
1,148
956
2,209
57 9
7,303
414
313
638
858
1,802
3,195
4,348
4.280
2,751
3,691
3, 889
2,660
2,761
2,718
2,556
2,697
2,578
2,477
2, 157
2,024
2,599
2,351
2,148
3,383
3,283
2,876
4,210
5,278
3,812
3,811
5, 199
4,854
3,346
4,681
4,023
3,139
3, 350
3,327
MISCELLANEOUS PRODUCTS
Burlaps and fibers, irnports:#
42, 471
Burlaps
-- thous. of lb_
Fibers
.
long tons_. 15, 010
Buttons and shells:
Buttons:
77
Imports, total§#.
thous. of gross..
62
From Philippines
thous. of gross. .
Fresh-water pearl:
237
Production
percent of capacity
Stocks, end of month
thous. of gross.. 6, 791
335
Shells, imports, total#
thcus. of l b _ _
199
Mother-of-pearl
. _ thous. of Ib
650
Tagua nuts, imports #
_. thous. of lb_.
Elastic webbing, shipments
thous. of dol._
1,938
Fur sales by dealers
. thous. of dol
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of mo.thous. linear yd.. 3, 323
2,972
Pyroxylin spread
_
thous. of Ib
Shipments, billed
thous of linear vd_. 2,649
34, 499
23, 807
0
a
TRANSPORTATION
a
40 0
7,118
310
226
458
705
1 643
3, 224
2, 706
2, 645
EQUIPMENT
AIBPLANES
|41
132
123
107
81 !
71
96
119
Production, total
number..
67
95
175
19066
29 |
30
99
66
24
94
Commerical (licensed)
.number..
81
23
54
66
113
7
21
28
14
27 !
22
57
24
35
57
Military (deliveries)
number .
26
85
35
36
13
25 j
19
37
15
24
20
15
18
For export.
number..
18
!
« Revised.
p Preliminary.
§ Data revised for 1932. For revisions see pp. 53 and 54 of the June 1933 issue.
# See footnote on p. 35 of this issue.
t Compiled by the Silk Code Authority (The National Federation of Textiles, Inc.) and represent the percentage of oparations based on an 80-hour week (2 shifts of 40 hours
each). Data are not comparable with the series previously shown in the Survey which were based on a smaller sample and which were computed on the basis of a 48-hour
week. The code authority expects to adjust the old series to a comparable basis, when opportunity affords.
* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece
goods (stock-carrying mills only) see p. 20 of August 1934 issue.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
September 1934
1934
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey
55
1934
1933
July
July
August
Decem- January j |ryU~
kerm~ October November
ber
March
April
June
May
TRANSPORTATION EQUIPMENT—Continued
AUTOMOBILES J
Exports:
Canada:
Automobiles, assembled
number.. 6, 555
Passenger cars
number
4,692
United States:
Value. (See Foreign Trade.)
Automobiles, assembled, total§__number__ 23, 959
Passenger cars§ ..
number.. 17, 621
Trucks§
number
6 338
Financing:
Retail purchasers, total..
thous. of dol_.
New cars
thous. of dol_.
Used cars .
thous. of dol__
Unclassified
thous. of dol__
Wholesale (manufacturers to dealers)
thous. of dol_Fire-extinguishing equipment: t
Shipments:
32
Motor- vehicle apparatus
number
Hand types
number.. 23, 264
Production:
Automobiles:
Canada, total
number
11 114
Passenger cars
number
8 407
United States, total t
- - .number.. 268, 575
Passenger cars f
number 223 868
0
Taxicabs
number..
Trucks t-- - .number.. 42, 707
Automobile rims
thous. of rims.. 1,155
Registrations:
New passenger cars f
number p230 000
New commercial cars *
.
.numberSales:
General Motors Corporation:
To consumers
number 101 243
134, 324
To dealers, total
number
U.S. dealers
_ . _ . number __ 107, 554
Shipments, accessories and parts, total *
Jan. 1925=100.Accessories, original equipment. _
Jan. 1925=100
Accessories to wholesalers
Jan. 1925=100__
Replacement parts
Jan. 1925=100
Service equipment
-Jan. 1925 =100. .
RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity .
mills, of Ib 188, 478
1,971
Number, total
thousands _
Bad order, total
number.. 299, 780
Percent of total in bad order
15 5
Locomotives, railway:
Owned:
Tractive power
mills, of lb_. 2,314
Nurnber
.
number
48,713
Awaiting classified repairs.. .number. _ 10, 789
Percent of total
22.3
Installed
number..
70
Retired
number
568
Passenger cars:
On railroads (end of quarter)
number..
Equipment manufacturing:
Freight cars:
Orders, new, placed by railroads
cars..
0
Orders, unfilled, total
cars__ 13, 755
Equipment manufacturers
cars
9,607
Railroad shops
cars
4,148
Shipments, total
cars
Domestic
cars..
Locomotives, industrial electric (quarterly):
Shipments, total
number _
Mining use
number.
Locomotives, railway:
Orders, new, placed by railroads-number ..
0
Orders, unfilled, end of month:
Equipment manufacturers (Census)
total
number..
134
Doniestic, total _
._
number
123
Electric
number
62
Steam.. _
number
61
Railroad shops (A.R.A.)
number..
20
Shipments:
6
Domestic, total
_
number
Electric
number
0
Steam
number. .
6
8
Exports, total t
.
number
Electric
number7
Steam
number.1
Passenger cars:
Orders, new, placed by railroads.-number__
0
Orders, unfilled (end of quarter) .number..
Shipments, total
number.
Domestic
number
ELECTRIC TRUCKS AND TRACTORS
Shipments, industrial, total
number..
29
Domestic
number. .
27
Exports
number..
2
of loc
i irmex or -JHIPS oi npw passensjer oars is on r>.
http://fraser.stlouisfed.org/
§ Data revised for 1932. See p. 54 of the June
Federal Reserve Bank of St. Louis
1,731
1,220
1,714
1,233
2,190
1,726
2,868
2,428
1,750
1,228
1,625
1,042
2,384
1,118
3,026
2,269
4,920
4, 161
3,950
2 930
4,205
3 185
5,255
3 970
9,128
5, 546
3,582
10, 308
6,516
3,792
10, 944
6,330
4,614
11,473
5,906
5,567
6,703
3,527
3,176
9,526
3,066
6,460
11, 258
3,685
7,573
14,911
8,872
6,039
26, 217
16, 141
10, Q76
27, 265
16, 509
10 756
25, 670
16, 058
8 612
24, 887
18, 071
6 816
65, 153
43, 334
20, 542
1,277
71, 187
47, 291
22, 536
1,360
62, 539
40, 887
20. 393
1,259
57, 503
36, 790
19, 665
1,048
43, 889
26, 278
16, 741
870
33, 124
17,794
14, 532
798
34, 437
19, 190
14, 420
827
45,37
29,2
15, 198
890
69, 203
46, 428
21, 368
1,407
87, 998
59, 772
26, 69*
1,532
99, 591
67, 991
29, 763
1,837
99,117
68, 737
28, 508
1, 873
57, 866
69, 613
51, 127
38,963
17, 703
16, 573
35, 879
61,514
102, 776
121,061 123, 691
102, 706
21
19, 495
21, 183
17
19
14
27
19
20
28
18, 348
17, 996
21, 892
25, 356
21, 204
15,715
17, 956
6,540
5,322
229, 357
191,261
4
38, 092
890
6,079
5 808
4,919
4,358
232, 855 191, 800
191,346 157, 367
3,682
2,723
134, 683
104, 807
8,571
7,101
231, 707
187, 639
14, 180
12, 272
331, 263
274 722
a34, 424
701
29,813
523
3 262
2, 171
80, 565
49, 490
1,299
29, 776
627
6,904
4,946
156, 907
113 331
41,441
961
2 291
1,503
60, 683
40, 754
1,611
18,318
506
43, 255
789
44, 041
1,262
56, 525
1,652
185, 660
30, 642
178, 661
28, 807
157 976
31, 281
136, 326
28, 058
94, 180
18,691
58 624
15, 580
61, 242
22, 903
94, 887
24, 476
172, 287
33, 894
222 900
38 882
219 163
39,831
223 642
34, 778
87 298
106, 918
92, 546
86 372
97 614
84, 504
71 458
81 148
67, 733
63 518
53, 054
41, 982
35 417
10 384
3,483
11 951
21 295
11, 191
23 438
62 506
46, 190
58 911
100, 848
82, 222
98 174
153, 250
119,858
106 349
153* 954
12l' %4
95 253
132 837
103, 844
112 847
146 881
118, 789
76
80
74
59
56
59
78
106
141
127
115
106
68
83
119
47
71
99
134
56
66
101
120
48
47
91
109
47
44
86
105
46
53
67
89
43
74
77
102
57
109
65
118
59
150
73
139
72
130
72
71
112
83
143
86
101
96
135
71
196, 059
2,069
316, 437
15 4
195, 380
2,060
304, 202
14 9
194, 387
2,047
295, 056
14 g
193, 556
2,038
295, 087
14 7
193 050
2,031
295, 784
14 8
192 826
2,027
289, 985
14 5
192, 167
2,019
286, 928
14 4
191, 580
2,012
295, 582
14 9
191, 149
2,007
291, 081
14 7
190 07Q
1 994
295, 191
15 0
189 700
1,989
301, 368
15 4
2,396
51, 233
11,109
22 1
23
i
322
2,391
51, 081
11, 000
21 9
2,382
50 788
10, 735
21 5
2,379
50, 677
10, 963
22 0
2,372
50 446
10, 824
21 8
2,370
50 323
10, 895
21 9
2,363
50 103
10, 965
22 2
2,361
50 034
11,119
22 6
2,356
49, 861
11, 259
23 0
2.345
49 573
11,095
38
258
75
144
2,341
49 395
11,080
22.8
37
218
2,334
49,211
10, 803
22 3
40
224
517
21,011
15 174
5 837
1,217
17,813
12 510
5 297
i
;
19
68
73
248
9
53
346
63
42
162
26
261
47,232
i
1
66
1,187
0
1 187
165
120
35
294
19
275
520
127
665
125
12
224
1 129
427
392
275
42
22
127
162
112
125
62
62
224
67
66
o
27
o
o
o
150
732
10
722
48
22
19, 727
5,019
o
5 019
24
24
52
192
18 363
20 161
16 504
15' 451
354 745 331,652
289 030 273 765
1
0
57, 887
f,5,714
1,140
1. 636
29 $
46
311
522
6,512
1,700
4 812
25
21
750
15,964
10 000
a
a
a
36
22, 264
13 905
10 810
308, 065
261 852
0
• 46, 213
1, 016
189 426
1,985
298, 846
J5 3
159
150
70
70
39
37
38
37
38
38
16
25
28, 915
45, 851
46, 407
130
1,129
o
321
35
16 597
11
0
1
4
1
10
0
20
3
40
17
3
80
77
75
2
1
79
77
75
2
1
83
79
78
1
1
83
79
78
1
1
82
79
77
2
1
72
72
74
97
o
120
116
85
31
1
121
95
85
10
117
86
31
146
142
88
54
1
136
125
60
65
0
138
127
60
67
0
o
o
2
1
1
11
8
3
2
1
1
a
3
o
o
7
5
o
o
1
1
o
o
0
7
0
10
2
3
1
1
0
6
4
2
2
2
0
14
10
4
0
8
8
0
0
7
4
1
1
5
5
2
16
0
7
0
9
4
4
7
7
3
2
0
3
31
31
0
12
11
1
58
92
75
47
0
o
o
o
o
70
64
fi
72
71
1
63
60
3
65
64
1
0
0
0
177
o
o
o
o
o
o
0
6
0
6
o
0
3
0
4
4
o
o
o
o
2
2
57
57
52
52
51
48
57
57
60
58
67
64
46
39
7
52
40
0
0
3
0
2
1
3
3
•J
ts, accessories, and parts, and new commercial cars.
iguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 193? exports
t issue.
p Preliminary.
Data revised for 1933. For revisions of such months not shown above see p. 20 of this issue.
56
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931, 1934
together with explanatory footnotes and references to the sources of the data, may be found j T ,
in the 1933 Annual Supplement to the Survey i ** uiy
September 1934
1933
July
I August
ber
1934
| October | NobveermV ber
January
F
®ryU"
March
|
A
PriI j May
June
TRANSPORTATION EQUIPMENT—Continued
SHIPBUILDING
United States:
Merchant vessels:
35
Under construction.. .thous. of gross tons..
Completed during month-total gross tons.. 10, 970
Steel
total gross tons.. 7,877
World (quarterly):
Launched:
Number
ships - .
Tonnage
thous. of gross tons..
Under construction:
Number
ships..
Tonnage
thous. of gross tons..
38
5,264
319
36
5,673
1,867
"
26
2,787
1,181
24
5,148
3,751
25
5,930
1,406
25
8,363
7,743
44
4,159
1,814
43
2,976
1,437
42
5,314
2,085
48
12,904
8,101
46
11,958
9,843
38
7,535
3 256
90
130
71
175
55
86
0/9
149
216
757
206
757
269
1,079
288
1 216
CANADIAN
STATISTICS
Business indexes:*
84.1
89.8
88.2
95.7
90.8
85.5
86.2
Physical volume of business
1926=100
86 8
86 4
93 1
92 6
99 6
95 8
90.2
82.6
89.5
87.4
95.6
83.9
85.1
Industrial production, total
1926=100..
84.5
84.0
92.0
91.4
99.9
95.2
27.2
36.2
28.6
45.4
35.5
36.4
39.7
34.1
47.4
36 2
Constructionf
1926=100..
28 9
35 1
25 7
168.0
160.7
148.9
148.8
180.6
158. 1
156.5
Electric power
1926=100162.9
168.9
176.0
188.5
176.7
185.7
88.2
96.9
97.0
87.9
86.2
99.0
88.6
Manufacturing
- . 1926=100—
80.7
83.2
88 8
87 7
100 2
98 7
87.0
94.0
86.2
88.0
87.2
96.7
88.4
96.4
Forestry
1926=100..
96.7
94 2
103 6
100.3
100 1
98.2
130.9
117.2
110.7
114.4
123.7
118.2
Miningf.
1926=100120.6
117.0
149.0
146.3
160.2
127 3
88.4
96.2
90.5
92.6
90.5
89.9
89.3
93.2
Distribution
1926=100—
93.1
96 3
98 5
96 0
97 5
67.9
63.9
62.6
72.3
62.6
62.9
60.4
Carloadings
1926=10073.6
71.4
74.3
75.6
76.0
73.4
71.5
65.1
85.8
67.6
58.3
76.7
53.5
Exports (volume)
1926=10075.4
63.7
73.0
79.6
69.6
77.1
72.2
65.0
71.6
59.7
70.5
77.4
67.8
Imports (volume)
1926 =10064.0
62.8
64.7
82.8
69.3
73.1
111.9
114.8
113.9
118.0
112.7
112.8
Trade employment
1926=100115.9
119.2
113.8
116.3
117.8
119.6
117.2
197.2
136.3
101.1
70.5
148.8
41.8
A<*ricultural marketing
1926=100—
30.7
48 2
67.1
130 6
63 8
56 9
97 2
106.2
164.0
148.5
224.6
70.0
36.7
Grain marketings
1926=10024.7
41.6
61.1
58.7
140.1
99.6
49.3
81.2
80.5
74.5
78.0
72.5
65.2
Livestnck marketings
1928=10057.5
86.4
77.6
94.0
87.8
86.7
90.6
Commodity prices:
77.2
78.6
78.8
77.9
78.1
Cost of living index c?
1926=100.
78.2
78 5
80 2
79 0
78 7
78 4
79 6
72.0
70.5
67.9
68.9
69.5
68.9
Wholesale price index #
1926=100..
69.0
72 1
70.6
72 0
71 1
72 1
71 1
90.4
84.5
87.1
88.5
101.0
91.3
Employment, total (first of month). 1926 =10091.8
91.4
88.6
92.7
92.0
96.6
91.3
78.2
88.4
88.4
97.0
94.6
Construction and maintenance ... 1926 =100. . 140.6
94.6
100.8
88.1
98.0
95.8
116.7
95.8
83.0
85.2
93.8
86.8
86.7
86.5
84.4
80.0
Manufacturing
1926=100—
84 2
90 2
86 5
93 2
88 1
97.4
100.4
93.1
105.8
107.0
109.7
105.5
Mining
1926=100..
106.8
109.4
108.9
103 6
106 2
103 3
111.5
113.8
111.8
108.1
107.9
119.7
108.8
109.8
109.3
111.7
Service
1926=100—
108.7
115 4
111 8
119.1
111.8
115.0
110.5
111.8
115.6
119.1
122.3
112.5
115.6
Trade
1926=100111.6
116.5
116.1
80.5
81.2
82.5
82.7
81.4
82.6
79.8
Transportation
1926=100—
76.3
78.0
76.2
78.5
80 3
75 9
Finance:
Banking:
3,528
2,649
2,457
2,492
Bank debits.mills, of dol—
2,767
2,823 « 2, 838
2,489
3,129
2,597
2,089
2,602
2,536
96.7
95.0
Interest rates
1926 =-10095.8
97.3
98.5
97.2
94.6
84.8
83.1
96.0
90.1
85.4
87.7
142
150
Commercial failures*
number.
155
144
132
155
159
140
153
140
141
Life insurance, sales of ordinary life (14 cos.)*
30, 255
thous. of dol—
27, 263
34, 185
37, 376
25, 381
31, 472
Security issues and prices:
New bond issues, total
thous. of dol— 51,447 74, 958 94, 790
486 225, 780
6,805
29
3,634 26, 059 31, 964 76, 822
40, 946
9,514
0
500
Corporation
thous. of dol—
450
0
1,575
0
6,452
90
0
380 16, 280
0
2,200
Dominion and provincial.. thous. of dol — 50,000 68, 350 80,000
0 225, 000
5,000
0
40, 799
3,000 22,700 15, 000 57, 707
5,608
14, 290
486
Municipal
thous. of dol—
997
230
29
690
2,979
664
147
634
7,314
684
o
1,000
0
0
0
o
0
o
o
o
o
o 12 000
Railways .
. - . .thous. of dol—
4.63
4.55
4.59
Bond yields
percent-3.98
4.66
4.72
4.32
4.53
4.06
4.66
4.60
4.09
4.20
86. 5
81.8
81.6
Common stock prices, totalt
1926=100—
81.3
73.3
76.8
75.3
88.0
81.6
88.6
86.5
87.2
90.7
80.4
Banks
1926=10076.0
68.4
73 6
74.8
71.7
75 2
64 7
71 7
76 7
76 9
72 7
76 1
122. 3
Industrials
1926 = 100
117 2
119 1
113 4
103 6
111 4
128 0
116 6
118 6
123 8
128 5
126 1
133 0
61.5
Utilities
.
1926=100 .
56 8
53 5
47 8
48 5
47 8
58
8
56
7
50 6
53 5
58 0
54 5
58 1
Foreign trade:
51, 866
Exports
. thous of dol
45, 135
51 866
58 329
61 035
60 926
51 624
58 543
47 118 38 365 58 364 32 047
58 643
Imports .
thous. of dol. . 44 145 35, 698 38, 747 38, 698 41, 070 43, 712 35, 368 32 391 33 592 47 519 34 815 52 887
46 186
Exports, volume:
Automobiles. (See Transportation Equip.)
Newsprint. (See Paper.)
16, 374
Wheat
thous. of bu._ 12, 979
8,653
19, 666 ° 23, 306
23, 144
17, 458
7,088
6,513 10, 103
19, 024
18, 426
3,568
041
Wheat
flour
thous of bbl
493
480
553
514
548
418
408
448
493
328
482
441
Railway statistics:
Carloadings.
... thous. of cars..
186
222
163
202
201
158
189
188
164
176
193
194
177
Financial results:
Operating revenues
—thous. of dol
23, 713
23, 730
25, 872
27, 239
24, 176
22, 749
21, Oil
20, 627 24, 657 23 395 26, 069
Operating expenses.
—-thous. of dol—
21, 144
20, 709
19 829
19 683
18 241
18 340
19 945 19 601 20 630
21 240
19 488
Operating income
thous. of dol—
2,103
1,679
6,654
5,111
5,040
3,916
2,976
216
<*60
3,814
2 839
Operating results:
Freight carried 1 mile
mills, of tons..
1,752
1,735
2,442
2,103
1,537
1,986
1,873
2,011
1,682
1,629
1 869
Passengers carried 1 mile
mills, of pass..
145
145
136
91
96
138
127
109
98
103
103
Commodity statistics:
Production:
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
mills, of kw.-hr..
1,621
1,443
1,508
1,489
1,702
1,618
1,708
1,724
1,796
1,613
1,708
1,830
1,697
37
32
Pig iron
thous. of long tons
35
31
27
30
37
12
31
12
37
27
38
Steel ingots and castings
thous. of long tons..
67
49
49
38
48
43
50
61
73
71
64
58
70
Livestock, inspected slaughter:
Cattle and calves
thous. of animals..
99
88
107
101
108
100
67
91
84
116
106
133
119
9
oco
235
277
Swine
thous. of animals
178
191
187
195
253
270
259
23
263
267
Sheep and lambs
thous. of animals ._
72
101
182
148
84
75
41
40
36
38
32
56
34
Newsprint. (See Paper.)
Silver. (See Finance.)
Wheat, visible supply. (See Foodstuffs.)
Wheat
flour
thous. of bbL.
1,323
1,444
1.393
1,651
1,827
967
1, 043
1,102
1.064
1.089
1, 127
1,175
a
Revised.
<* Deficit.
* New series. For earlier data see p. 18 of the February 1933 issue, business indexes, p. 20 of the October 1933 issue, commercial failures, and p. 20 of the February 1934
issue, life-insurance sales.
t Revised series. See p. 55 of the April 1934 issue, construction, and mining production, for 1933. Series on common-stock prices revised back to December 1932 as a
result of additional stocks, for revision see p. 56 of the April 1934 issue.
# Number of commodities changed from 502 to 567 beginning with month of January 1934.
<? Data revised for 1932 to 1933. Revision for 1932 see p. 55 of the November 1933 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 : 1994
@FedFRASER