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SEPTEMBER 1938
SURVEY
OF
CURRENT BUSINESS
UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 18
NUMBER 9
The l'Survey of Current Business" henceforth will be published by the Division of Business Review, a newly created
administrative unit of the Bureau of Foreign and Domestic
Commerce. Communications intended for the ^Survey"
should in the future be addressed to this Division.
The Division of Business Review was established through
the consolidation of certain sections of the Bureau whose
functions and duties were closely related. This action
does not involve any change in the major functions of the
Bureau or the addition of any new personnel. It was
designed to strengthen and to improve the services to
business being rendered by the existing facilities.
The Bureau's periodical "Domestic Commerce" will in
the future also be issued by this Division. This publication
furnishes a flow of current information designed to keep
businessmen and those servicing business informed of plans
for and the results of current research by Government and
private agencies, and of significant developments relating
to the production and distribution of goods. An announcement of this periodical is carried on the outside back cover
of this issue.
Through the medium of a business information service,
the Division will be in a position to provide promptly, in
response to requests, a body of carefully selected data on
general and specific business problems.
Number 9
Volume 18
UNITED STATES DEPARTMENT OF COMMERCE
DANIEL C. ROPER, Secretary
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
ALEXANDER V. DYE, Director
SURVEY OF
CURRENT BUSINESS
SEPTEMBER 1938
A publication of the
DIVISION OF BUSINESS REVIEW
M. JOSEPH MEEHAN, Chief
TABLE OF CONTENTS
CHARTS AND SUMMARIES
Page
2
Business indicators
Business situation summarized
3
Commodity prices
7
Domestic trade
8
Employment
9
Finance
10
Foreign trade
11
Construction and real estate
12
SPECIALIARTICLE j
Progress of current trade-reporting program
13
STATISTICAL DATA
New or revised series:
Page
Table 67. Manufactured gas: Customers, sales and revenue, 1929-32 16
Table 68. Natural gas: Customers, sales and revenue, 1929-32
17
Table 69. Wholesale price of calves, 1913-38
18
Table 70. Wholesale price of gum rosin, grade H, Savannah, 1919-38 18
Table 71. Wholesale price of gum spirits of turpentine, Savannah,
1926-38
18
Table 72. Corporation earnings, Standard Statistics Co., Inc.,
1924-38
19
Table 73. Average closing price of 65 industrial, railroad, and utility
stocks, 1929-38
19
Table 74. Newsprint paper: Consumption by publishers, and stocks
at publishers and in transit, to publishers 1923-37
20
Table 75. Gas and fuel oils: Consumption by electric power plants.
1920-37
20
Weekly business statistics through August 27, 1938
21
Monthly business statistics
22
General index
Inside back cover
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Foreign subscriptions, 33.50. Price of the 1936 Supplement is 35 cent*. Make remittances only to
Superintendent of Documents, Washington, D. C*
91360—38
1
1
SURVEY OF CURRENT BUSINESS
September 1938
Business Indicators
INDUSTRIAL PRODUCTION
140
MONTHLY INCOME PAYMENTS **
INDEX NUMBERS, (1925- 2 5 = 100)
IN DEX NUf 1BERS (| 929 = 1 oo)
120
130
110
s^
~s
120
110
k\
100
90
\
\
100
90
80
J ^\ ^v
\
_> r^
ys
80
70
60
X v^
70
50
60
40
50
0"
30
•>
1929 1930
1-93! 1932 1933 1934 1935 1936 1937
1938
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938
FACTORY EMPLOYMENT AND PAYROLLS
RETAIL SALES **
NDEX NUMBERS, (I9Z}- Z^= lOOj
RURAL
SALES-GENERAL MERCHANDISE
(I929--JI =100)
FACTORY EMPLOYMENT
(ADJUSTED)
I
DEPARTMENT STORE SALES
( l 9 £ } - 25 = 100)
FACTORY PAYROLLS
(^UNADJUSTED)
50
1929 1930
1931 1932 1933 1934 1935 1936 1937 1938
1929 1930 1931 1932 1933 1934 1935 1936 1937 1938
%
CONSTRUCTION CONTRACTS AWARDED* *
1929
* ADJUSTED
1930
1931
1932
1933
FOR SEASONAL VARIATION
1934
1935
1936
1937
1938
WHOLESALE PRICES
1929
° THREE-MONTH MOVING AVERAGE
1930
193!
1932
+ VOLUME BASIS
1933
!934
i935
1935
* DOLLAR BASIS
1937
1938
pD
SURVEY OF CURRENT BUSINESS
September 1938
Business Situation Summarized
activity expanded further during August.
BUSINESS
The rate of increase in important lines of industry
and trade has slackened in recent weeks, but the major
indexes averaged higher in August than in July. The
volume of business activity remains considerably below
the level of a year ago, although the margin of decline
has been reduced during the past 2 months.
Output of manufacturing industries increased in
August, and this rise has been reflected in the movement of railway traffic. Retail trade reports indicate
that sales of general merchandise did not experience the
usual contraction in July; in August they improved, but
the gain was less than that usually recorded. Passengercar sales during July and August declined less than usual
for this period of the year. This relative improvement,
with production at a seasonal low, reduced the stocks
of cars in the hands of manufacturers and distributors.
Consumer purchasing has reflected the altered business outlook arid the upward movement in the seasonally corrected index of national income payments.
The inclusive character of this index makes it a reliable
guide to the trend of consumer income; therefore, the
advance of 1 percent in July, which interrupted a downward movement which had extended over a period of 10
months, though modest, is significant. The advance
resulted mainly from the less-than-seasonal recession in
pay-roll distributions. The adjusted index of labor income rose from 79.5 in June to 80.5 in July (1929= 100),
with all of the major industrial groups sharing in the
advance. Total labor payments for July were 11 percent less than a year ago, the declines varying from 2
percent in the service industries, including Government, to as high as 26 percent in the commodity-producing groups.
Receipts from marketings of farm products in July
increased more than seasonally over June, according to
the Bureau of Agricultural Economics, the change resulting in large part from the increased income from
grain marketings; the seasonally adjusted index of income from livestock rose slightly. That Bureau's recently issued estimate of the cash income from farm
products marketed in 1938, and from Government payments, is 7.5 billion dollars, compared with 8.6 billion
dollars in 1937 and 7.9 billion dollars in 1936.
Industrial Output Higher
Industrial output, seasonally corrected, was about 8
percent higher in July than in June. Production of
both durable and nondurable manufactures advanced
contraseasonally, with particularly large gains being recorded for the textile, leather manufactures, and steel
industries. Increases also occurred in the cement,
paper, rubber-products, and minerals
Digitized meat-packing,
for FRASER
industries. The marked recovery in the textile industry in recent months is indicated in figure 1.
During August, the seasonally corrected index of
industrial output continued to advance. Steel output
averaged above 40 percent of capacity, compared with
a rate of 35 percent in July, and 85 percent in August
last year. Demand for steel products broadened during the month, with larger orders from some of the major
consuming industries whose demands had been light in
the preceding month. The automobile industry has
INDEX NUMBERS, (1929-
Figure 1.—Indexes of Textile Mill Activity, 1934-38.
NOTE.—Indexes of wool and cotton consumption and silk deliveries are the seasonally adjusted Federal Reserve System indexes recomputed on a 1929-31 base. The
index of rayon deliveries is from Rayon Organon and is not corrected for seasonal variation; it also has been recomputed on a 1929-31 base.
required relatively small quantities of steel as production in mid-August dropped to the low point of the year.
Preparations are being made for starting the assembly
of 1939 cars with extensive retooling programs under
way, and support to the current rise in demands for
steel may be expected to be forthcoming shortly from
this industry.
Purchases of railway equipment, which have been at
an extremely low level throughout 1938 by reason of the
difficult financial position of the carriers, have improved
slightly since June but are still small. Machine tool
orders from domestic sources, which are sensitive to
changes in business volumes, have advanced at a moderate rate. Lumber orders, reflecting the continued
improvement in residential building and in other major
consuming industries, rose steadily during July.
Purchases of cotton textiles have not been so large as
those of a month ago, as weakness in the price of the
raw fiber has retarded sales. Mill activity has been
maintained, however, on the basis of the volume of
business previously booked. The unprecedented volume of factory deliveries of rayon in July reflected the
improved sales of finished goods and the prospects of
higher yarn prices. Yarn shipments are reported to
have held up well during the first half of August.
SURVEY OF CURRENT BUSINESS
July traffic of the railroads, seasonally corrected, was
larger than in June as the expansion of industrial output coincided with the movement of the large grain
harvest. The improvement in loadings in August was
not uniform, but the roads serving the major industrial
areas reported that the upward movement of traffic has
continued at a better-than-seasonal rate. Total loadings for the month apparently increased but slightly
more than the estimated seasonal amount.
RELATIVES. 1926-100
September 1938
end of 1929, despite the smaller volume of business and
the lower price level in the later period. The total current assets of these concerns as reported had declined by
about 9 percent in this interval, the heavier inventories
being more than offset by the decline in the amount of
receivables and of cash and its equivalent held.
These 400 concerns had inventories equivalent to
about half of the total for all manufacturing corporations, according to the Bureau of Internal Kevenue
figures, although this percentage varied upward during
the depression period because of the smaller reduction
in inventories of this group of companies. (See fig. 3.)
Re la fives
120
1929 = 100
Inventories of 50 /
Ma/iufctcfur/nq
Companies
110
V
100
^•
k*
^ \\\
\.
90
X
X
1929
1930
1932
1933
1934
1935
1936
1937
80
Corporation profits for the second quarter of the current year showed a large reduction from those reported
for 1937, but, on a seasonally corrected basis, were not
much changed from the results of the first quarter.
Figure 2 indicates that profits of the major industrial
companies included in the series plotted dropped in the
second quarter to less than one-third of the peak
reached in the final quarter of 1936. Earnings of the 15
utilities, which are subject to less sharp fluctuations than
those of industrial concerns, were reduced by about
one-third. The 26 railroads operated at a large deficit
during both the first and second quarters of this year.
The index records a deficit for these roads in 15 of 26
quarters since 1931.
70
Inventory Position Improved.
While quarterly balance sheet or other data are not
available for a sufficient number of companies to record
accurately the changes in the dollar volume of inventories during 1938, the available information indicates
that stocks have been liquidated gradually since business volumes were curtailed in the latter part of 1937.
Sufficient material is available for 1937 to indicate that
manufacturers' inventories rose at a more rapid rate
than sales during that year, and with sales reduced
after August the need for readjustment of inventories
influenced the abrupt drop in manufacturing operations.
At the end of 1937, the 400 industrial companies
covered by the Standard Statistics7 data plotted in figure 3 were carrying larger dollar inventories than at the
\\\
V
V
\\
1938
Figure 2.—Quarterly Earnings (or Deficits) of 120 Industrial, 15 Public
Utility, and 26 Railroad Corporations, Adjusted for Seasonal Variations.
Data for second quarter of 1938 are preliminary. (Standard Statistics
Co., Inc.).
lr
/
Wenfoi "ies of '400
^
\'
Intienfories of
// Manufacturing
Companies
^1
>
-^
<^-
V
1
V
\
\
To to/ faif/ona / X>J
Inccime Pi -oduceof
50
i
/
/
1
X
/
60
/
^
r
^V'idusfri a/ Compan/as
•f
y
*
/
/
/'
V
/
•V
/'/
?' *
4
• v'.-
f
//
//
4
•."' /
/
]/
/
J
o1
\
19Z7
1928 1929 1930
1931
1932 1933 1934 1935 1936 1937
/>£. 9748
Figure 3.—Inventories and National Income Produced, 1927-37.
NOTE.—Relatives were computed from following data: For all manufacturing
corporations, Bureau of Internal Revenue; data are available only for years plotted;
for 400 industrial corporations, Standard Statistics Co., Inc.; for 50 manufacturing
corporations, Reconstruction Finance Corporation. The national income figures
are from the Bureau of Foreign and Domestic Commerce, the 1927 and 1928 estimates being extrapolated by the use of the figures of the National Bureau of Economic Research.
The inventory data and the figures on national income produced have been plotted on this chart, the
latter representing the net value of the flow of goods
and services each year. National income covers the
total for all industries, including those in which inventories are not of significance. A comparison of this
series and the inventory data is; however, of interest.
It will be noted that inventories of these 400 concerns dropped 34 percent from 1929 to 1932, whereas
the decline shown for all manufacturing corporations
reported by the Bureau of Internal Revenue was 42
percent. The national income produced was reduced
by about one-half from 1929 to 1932. The more rapid
rise in inventories than in income produced in 1937 is
evident from this chart.
SURVEY OF CURRENT BUSINESS
September 1938
The available data indicate that aggregate inventories of manufacturing concerns, though considerably
reduced, were not low in the middle of the current
year, but there is evidence that stocks of finished goods
had, in many industries, been brought into line with
the current volume of sales. The Reconstruction
Finance Corporation has tabulated the quarterly figures on inventories for 50 manufacturing corporations,
which make these data available currently. Inventories of this group of corporations, however, fluctuate
to a greater extent than those of the larger yearly
sample of Standard Statistics, or the yearly aggregates
reported for all manufacturing corporations. These
50 corporations added to their inventories at a somewhat higher rate in 1936 and 1937 than did the 400 corporations, and it is very doubtful that the reduction
for all manufacturing companies in the first half of
1938 was so large as the drop of more than one-fifth
indicated by preliminary quarterly figures. The 50
corporations had inventories of 286 million dollars at
the end of the third quarter of 1937, 267 million dollars
at the end of the fourth quarter of 1937, and 205 million dollars (preliminary) as of June 1938. An indeterminate part of the decline in these figures is accounted for by the lower price level.
Although the available series on quantity stocks of
finished goods are not numerous, those that are available
show a mixed trend when comparison is made with the
stocks on hand a year ago. Substantial reductions
have occurred in stocks of such products as automobiles,
automobile tires and tubes, rubber footwear, hosiery,
meats, cement, and a number of iron and steel products.
On the other hand, some series show stocks in excess
of those of a year ago. Among the raw materials for
which monthly statistics are available, increases
predominate.
Stocks held by wholesalers and retailers did not rise
so much in 1937 as did stocks of manufacturers, and
the available data indicate that inventories of distributors at the end of the year bore a better relationship to
sales volumes than did manufacturers' holdings. Sample data collected by this Bureau indicate that wholesalers' inventories at the end of July were considerably
reduced from the total of a year ago.
For retailers, the Federal Reserve's index of department-store stocks is the most comprehensive indicator
that is currently available, although this does not necessarily reflect the trend of all retail inventories. This
index reveals that inventories of these stores were kept
in fairly close alinement with sales throughout the
period of rising activity. In July, department-store
stocks were 13 percent under those of a }^ear ago,
compared with a drop in sales of about 11 percent.
Comparative data for some of the leading economic
series for the first 7 months of 1938 and earlier periods
are presented in figure 4.
Unadjusted 1
Year and month
0
o
S
«"•
I
S
1
1
«2
^3
Adjusted 2
•5
"3
|
E
«
g
1
h
1
c
«3
<- 3
°9
1
i
fi ®
I'
3
~
*?
MerTotal chandise,
I.C.I.
£•§
It
S
Foreign
Retail sales,
trade, value,
value,
adjusted 2
adjusted >
*o«
!
«e
1933
1934
1935
1936
1937
1938
!l
3
5
£
<
9
(8
1
I
£
3
1
M
Ui
£
1
s I
K
192931 = 100
•d
X
Monthly average,
1923-25=100
Income
payments 3
I
«
3
•0
1
I I3
Monthly
average,
1929=100
105.8 101.2
60.3 57.2
69.5 65.0
68.6 68.6
79 9 80.4
Monthly
average,
1926=100
96.5
68.9
74.8
79.4
80.5
120
96
73
83
105
120
97
71
83
105
118
90
84
85
102
124
100
76
86
108
125
102
74
87
109
116
91
84
85
101
106. 9
76.1
83.4
85.0
92.8
107. 1
51.7
61.466. 5
80.2
108
66
62
59
76
106
70
65
63
66
109
69
73
80
91
126. 0
71.3
75.5
97.0
114.7
121
43
48
52
54
119
48
43
59
66
144.0
70.4
70.5
83.9
94.4
124
21
27
35
59
111
115
109
102
90
80
110
114
106
99
86
75
115
121
125
123
112
108
114
117
111
102
88
84
114
117
110
101
85
79
112
113
116
113
109
115
103.0
102.4
100.7
98.4
94.1
89.0
100.4
103.8
100.1
100.1
89.5
80.9
80
79
78
76
71
67
68
68
67
66
64
62
94
92
94
93
91
89
119.1
115.1
131.7
131.3
118.6
126.4
80
79
74
72
72
79
89
79
76
68
69
65
102.2
93.4
94.6
101. 0
92.1
105.6
67
62
56
52
56
61
88.5
82.7
90.6
90.8
81.3
96.9
88.1
88.6
87.2
86.4
85.1
84.0
87 9
87.5
87 .4
85.4
83.3
81.7
79
79
80
78
77
77
81
75
76
77
76
75
75
78
103
98
95
91
90
91
93
80
79
79
77
76
77
83
76
75
75
73
73
74
81
108
102
103
101
91
92
S3
84.2
83.0
81.6
79.2
77.5
76.3
77.6
71.7
73.2
73.3
70.7
69.2
67.2
67.5
65
62
60
57
58
58
61
61
62
61
60
60
59
60
90
88
86
83
78
82
85
104.3
99.9
105.8
112.3
110.1
112.4
110.2
75
76
72
76
72
69
68
52
51
48
46
45
47
47
89.3
74.2
88.1
84.1
81.2
87.0
84.5
52
51
46
52
51
54
54
81.0
74.4
79.3
79.7
75.0
80.8
78.8
81.7
80.7
80.6
79.6
78.6
78.3
79.1
80.9
79 8
79.7
78.7
78.1
78.3
78.8
122
74
83
88
101
117
79
124
74
82
88
101
118
76
112
77
86
89
100
113
94
104.2
65.9
83.1
84.5
88.8
100.5
79.4
109.6
43.2
63.6
68.8
78.1
100.1
70.4
98
56
66
68
75
82
74
109.8
54.2
69.3
85.5
95.7
106.4
96.8
3
p. 22.
1
Adjusted for number of working days.
June and July.
2!
cc
•0
o*
•^
«
Monthly average, 1923-25=100
1929: July
1933- July
1934: July 1935: Julv
1936: July
1937:
July
August
_. „ __
September
October
November
_ __
December
1938:
January
February _
March
April
May .
June
July
Monthly average, January
through July:
1929
__
%£
§8
i
&
0>T5
I
«
Wholesale price index, 813
commodities
Factory em- Freight-car
ployment
and pay rolls loadings
Industrial production
Construction contracts, J all
types, value, adjusted
MONTHLY BUSINESS INDEXES
2
Adjusted for seasonal variations.
104
104
54
66
62
66
61
63
69
64
78
69
58
60
See note marked "*" on
4
95.6
99.2
126
114
117 136.7
62.6
55.9
18
32 * 60. 3
31
73.7
61.6
69.6
44
31
45
68.4
79. 6
77.8
30
52
45
79.8
76.6
89.2
54
60
50
87.2
62
85. 5
86 100.8
68
78.4
79.2
53
84.1
49
68
Average of 6 months—January, February, April, May
6
SURVEY OF CURRENT BUSINESS
INDUSTRIAL PRODUCTION
c)
September 1938
MONTHLY INCOME PAYMENTS
(1923-25=100)
25
50
75
(1929-31=100)
100
125
150 0
25
50
75
100
125
150
1929
1932
1933
1934
1935
1936
1937
1938
DURABLE GOODS, PRODUCTION
COMPENSATION OF EMPLOYEES
(1923-25=100)
()
25
50
75
(1929-31=100)
100
125
150 0
25
50
75
100
125
150
125
150
125
150
1929
1932
1933
1934
1935
1936
1937
1938
•HHH
HMHB
• •" ••
mm
—
•
^—
NONDURABLE GOODS, PRODUCTION
— (1923-25=100)
C)
25
50
75
100
125
CASH FARM INCOME
(1924-29=100)
150 0
25
50
75
100
1929
1932
1933
1934
1935
1936
1937
1938
BBBB
—
i=
()
1929
1932
1933
1934
1935
1936
1937
1938
25
EXPORTS
DEPARTMENT STORE SALES
(1923-25=100)
50
75
(1923-25=100)
100
125
150 0
IMPORTS
(D
25
50
50
75
100
CONSTRUCTION CONTRACTS AWARDED
(1923-25*100)
25
75
(1923-25=100)
100
125
150 0
25
50
75
100
125
If 0
1929
1932
1933
1934
1935
1936
1937
1938
-
'
=r
DD-9742
Figure 4.—Comparison of 10 Important Economic Series.
NOTE.—Data are for 7 months of each year shown. Charts on left are based upon quantity data; those on right are based upon dollar figures. The data plotted are
derived from the indexes presented regularly in the Survey, but the indexes of national income payments and compensation of employees described in the February 1938
Survey have been recomputed to a 1929-31 base.
SURVEY OF CURRENT BUSINESS
September 1938
Commodity Prices
in prices of leading farm products
DECLINES
marked the course of price movements during
the latter part of July and August. The wholesale
price index of farm products declined 4.8 points from
mid-July to 65.9 (1926 = 100) for the third week of August, according to the Bureau of Labor Statistics. At
this figure, the index was the lowest since the summer
of 1934. Grain quotations, reflecting the prospects for
large harvests, fell to the lowest levels since early in
1933. Wheat for September delivery sold as low as 60
cents per bushel in mid-August as compared with a high
of 75 cents in the second week of July. Corn prices
also declined. Hog quotations fell to approximately
the 1938 low. Beef prices, however, were only slightly
lower, and were just under the 1938 high established in
July. Spot cotton prices fell three-quarters of a cent
from early July to 8}{ cents per pound in the third week
of August. Wholesale food prices also declined after
mid-July, though not to the same extent as did prices
of farm products. Wholesale meat prices in the third
week of August were more than 5 percent lower than
in July when quotations were the highest since last
November.
The lowered prices for farm products and foods depressed the general average of wholesale prices from
78.9 (1926 = 100) in mid-July to 77.4 for the third week
of August. The wholesale price index for commodities
other than farm products and foods showed little
change during August, and at 81.6 for the third week
was practically unchanged from the average in the
3 preceding months.
The upward movement in prices of industrial raw
materials was checked in August although most commodities retained the gains of the upswing beginning in
early June. Steel scrap weakened after recording a
large advance; nonferrous metal quotations were unchanged. Price movements in textiles were mixed.
Rayon quotations were advanced by small amounts.
Cotton-goods quotations declined, approximating the
1938 lows. Generally, there was little change in prices
of finished manufactured goods other than food products.
Living costs have shown but slight change in recent
months, averaging about 3 percent lower than in the
summer of last year. The decline in prices of department-store articles slackened during July, the Fairchild index receding only 0.2 point to 89.0.
i
Groups and subgroups
Economic classes
8
es
oo
a
Vear arid month
a
t>
3
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Retail prices
1
53
"fiV
I0> b
sf
05 si
*& |!
B»
in
•e
H
I
91.7
72.2
78.4
78.0
79.5
95.1
79.5
87.0
85.2
86.7
93.3
73.2
75.4
78.7
79.4
83.3 109.1
65.3 86.3
73.9 86.3
74.7 89.3
76.2 93.4
94.3 101.0
74.8 80.6
81.6 86.8
80.4 86.4
81.2 86.9
89.6
68.0
71.5
70.2
70.5
Dec.
Mo.
Mo.
Mo.
1930
average, average, average, (Jan.
1923= 1909-14 1923-25 1,1931)
100
= 100 = 100 = 100
82.8
147
106. 5
100.3
64.0
83
71.0
75.7
76.1
69.9
87
73.7
79.3
87.9
67.7
102
80.2
82.4
85.2
71.0
85.2
115
84.0
88.1
87.0
86.6
85.3
82.5
79.8
77.7
89.3 105.2 86.2 106.0 86.3
86.4 92.0 86.7 112.1 86.1
85.9 91.9 88.0 113.4 85.9
80.4 77.0 85.5 107.4 85.1
75.7 69.2 83.1 98.3 84.3
72.8 71.5 79.8 88.8 83.6
96.7
96.3
96.2
95.4
93.7
92.5
83.9
82.2
81.4
81.2
80.2
79.5
78.1 106.7
78.4 108.1
78.7 107.6
78.5 106.7
78.2 101.4
78.4 97.7
89.7
91.1
91.1
91.0
90.4
89.7
96.1
97.0
97.1
96.4
96.8
96.3
78.3
77.1
75.3
73.5
71.2
70.1
79.0
77.3
77.0
76.2
75.4
75.0
88.9
89.0
89.4
89.5
89.0
88.6
125
123
118
112
107
104
85.9
85.5
85.8
84.9
83.6
82.6
96.3
96.6
96.8
95.7
94.6
93.2
74.9
73.6
73.2
71.3
70.7
71.4
72.3
76.9
76.1
75.6
75.3
75.4
74.1
74.3
71.6
69.8
70.3
68.4
67.5
68.7
69.4
76.3
73.5
73.5
72.3
72.1
73.1
74.3
83.5
83.0
82.6
82.0
81.6
81.3
81.4
91.8
91.1
91.5
91.2
90.4
89.7
89.2
79.6
79.1
78.7
77.5
76.8
76.3
77.7
78.3
78.5
77.7
76.8
76.2
76.4
76.8
96.7
94.7
93.6
92.1
91.3
90.1
91.5
88.3
88.0
87.7
87.3
87.2
87.1
86.4
96.6
96.0
96.0
96.3
96.7
96.1
95.2
69.7
68.6
68.2
67.2
66.1
65.5
66.1
76.2
74.8
74.4
73.4
73.1
72.9
72.7
87.5
86.7
86.7
86.8
86.5
86.7
86.5
102
97
96
94
92
92
95
80.3
78.4
78.6
79.4
79.1
80.2
80.0
92.4
91.2
90.6
90.2
89.5
89.2
89.0
97.7
52.8
66.0
76.8
77.8
87.8
72.5
94.1
60.4
73.5
72.5
74.5
87.3
75.4
105.2 96.4 99.0 109.7 91.9
47.8 47.1 58.0 50.9 67.4
61.2 65.6 67.4 57.4 78.5
78.8 83.6 82.6 91.5 77.6
78.0 77.0 80.9 89.0 79.0
90.9 111.7 86.0 95.4 85.5
69.4 66.6 73.6 83.0 82.2
95.7
72.3
86.9
85.0
85.8
95.4
90.7
94.6
72.2
75.4
80.4
79.1
86.0
78.0
83.1 108.9
63.0 74.3
72.5 88.3
73.3 87.2
76.0 94.8
77.0 105.0
77.2 92.9
94.1
72.7
81.5
80.7
81.4
88.6
87.4
101.2
78.2
87.3
86.2
86.6
94.7
96.1
91.3
55.9
74.7
69.8
70.5
78.3
67.3
82.4
60.1
69.2
69.1
69.0
79.0
73.8
99.5
72.9
78.7
82.2
84.0
88.1
86.8
145
64
83
107
107
128
95
102.8
63.0
72.7
80.3
81.3
85.5
79.4
71.3
88.8
86.1
88.1
94.9
90.3
Monthly average, 1926=100
1929: July
1933: July
1934: July
1935: July. .
1936: July
1937:
July
August
September..
October
November
December
1938:
January
February _ _ _ _ _ _ _
March
April _
May
_
June
July
Monthly average, January through
July:
1929
1933. _
1934
1935
1936
1937
1938...
n
Farm prices, combined Index
(U. S. Department of Agriculture)
Wholesale Prices (U. S. Department of Labor)
Cost of living (National Industrial
Conference Board)
INDEXES OF COMMODITY PRICES
96.5
68.9
74.8
79.4
80.5
95.6
72.2
78.2
82.0
81.6
99.1
61.8
68.3
75.8
79.8
93.4 107.6
69.1 60.1
72.7 64.5
72.8 77.1
75.2 81.3
87.9
87.5
87.4
85.4
83.3
81.7
88.8
89.0
89.1
88.1
86.7
85.3
86.5
84.8
84.4
80.7
77.2
75.4
80.9
79.8
79.7
78.7
78.1
78.3
78.8
84.3
83.3
83.4
82.7
82.1
82.2
82.5
95.6
62.6
73.7
79.6
79.8
87.2
79.2
94.9
67.5
77.4
81.8
81.5
86.9
82.9
i Middle of month.
102.2
73.4
74.8
78.3
88.9
75.0
73.0
69.0
66.0
62.3
62.7
58.3
102.9
65.5
70.6
82.1
81.4
116.7
50.8
63.4
93.3
84.9
82.6
78.4
81.6
82.2
82.1
84.5
89.7
2
Index is as of the 1st of the following month.
8
SURVEY OF CURRENT BUSINESS
September 1938
Domestic Trade
data indicate that retail buying in
AVAILABLE
August recorded an increase, although the gain
over July was less than that usually experienced at this
season of the year. Retail sales of automobiles were
maintained at a better-than-seasonal rate in August, in
continuation of the July trend.
In July, retail trade in most lines was lower, as is
customary at this season, but according to indexes
compiled by this Bureau and the Board of Governors of
the Federal Reserve System, the declines from June
were less than those usually recorded. Thus, the seasonally adjusted department-store sales index increased
3 points to 85 (1923-25 = 100) and the variety-store
sales index by about the same number of points to 99
(1929-31 =-100). Total retail trade for July, according
to estimates made by the Bureau of Foreign and Domestic Commerce, was about 17 percent below a year
ago; this compares with declines of 18 percent for June
and 20 percent for May.
Approximately 17,800 independent stores in 27
States recorded a decline of 19 percent over the year
interval, a slightly larger relative decline than that
recorded for total retail trade. In June, sales in independent stores were 18 percent below a year ago and,
in May, 20 percent. The July declines were sharpest
in the Middle Atlantic and East North Central regions,
where the relative drop from a year ago amounted to
24 percent, and least severe in the West North Central
States where the decline was 14 percent.
According to data received from 2,260 reporting
firms, wholesalers' dollar sales in July were about 4
percent less than in June. July, however, had one less
working day than June, and no adjustment has been
made for this difference in calculating the change.
Most of the individual classifications recorded declines
in July, the largest being for the machinery, hardware,
furniture and house furnishings, and drugs and drug
sundries classifications. Marked increases were reported for three classifications—meats and meat
products, shoes and other footwear, and petroleum.
In comparison with a year ago, the*decline in aggregate
wholesalers' sales amounted to about 18 percent, with
only meats and meat products showing an increase over
the year interval.
The number of commercial failures, and the liabilities resulting therefrom, have been steadily reduced in
the last several months. In July, liabilities were only
a little over one-half as large as those reported in April,
and the smallest for any month since November 1937.
Failures usually decline at this season, but the reduction since last spring has been sharper than usual.
Liabilities from failures have continued well above a
year ago, although the spread has rapidly narrowed in
recent months.
DOMESTIC TRADE STATISTICS
Wholesale
trade
Retail trade
Department stores
Year and month
Chain -store sales
l
Sales
Stocks
Unad- Ad- Unad- AdJust- just- justjusted 3
ed 3
ed
ed J
Monthly average, 1923-25=100
1929- July
1933- July
1934- July
1935: July
1936: July
1937:
July
August
September
October
November
December
1938:
January
February
March
April _ __
May
June.-
_ _ _
.
July
Monthly average, January
through July:
1929
1933 _ _
1934
1935
1936
1937
1938
1
Commercial
failures
Rural sales of New passengeneral mer-
ger-ear sales Em- Pay Fail- LiabilComGrocery stores Variety stores chandise
ploy- rolls ures ities
bined
Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- ment
index
(Chain
just- just- just- Just- just- just- just- justed 3
ed 3
ed s
ed 2
Store Age) ed'
ed *
ed 2
ed a
Avg. same
Monthly aver- Num- Thoumo. 1929Monthly average, 1929-31 = 100
age, 1929=100 ber ofsands
31 = 100
dolls
79
48
51
55
63
109
69
73
80
91.
92
56
59
57
59
100
61
65
63
66
87.1
92.5
96. 4
109.6
98.5
82.3
81.3
86.1
94.9
100.5
83.9
83. 0
87.9
96.8
96.0
74.4
79.7
82.0
97.2
107.9
83.6
89. 5
92.1
109.2
97.0
54.9
58.2
74.7
88.3
126. 0
7.1.3
75.5
97.0
114.7
168.0
57.5
73.9
89. 1
117.3
152.0
52.5
67.0
81.0
104.5
100.4
75. 1
82.2
82.1
85.4
100.5
55.5
63.8
64.6
69.0
1,375
870
902
639
22, 980
16,555
16, 523
9, 904
65
72
100
103
101
156
94
92
94
93
91
89
69
74
80
85
86
68
77
78
77
76
75
72
114.5
113.2
117.0
114.8
109.0
111.5
91.1
89.6
94.7
94.9
94.9
97.0
93.0
93.3
96.6
94.4
94.9
94.2
97.0
90.6
99.8
101.5
102.7
203.5
109.0
102.4
104.5
100.0
101.2
110.3
91.7
99.0
130.4
160.2
145.8
179.5
119.1
115.1
131.7
131.3
118.6
126.4
122.9
112.6
73.2
82.6
90.8
70.1
104.5
120.5
105.0
127.0
89.0
78.0
90.6
91.8
93.0
94.0
93.5
93.3
76.9
79.0
78.3
79.3
78.3
77.8
618
707
564
768
786
932
7,766
11,916
8,393
9,335
10, 078
13, 291
70
70
77
86
80
79
58
90
88
86
83
78
82
85
63
67
71
71
71
65
61
71
70
70
69
69
68
67
106.7
106.4
103.3
105.0
103.3
106. 3
108.2
93.3
94.1
95.6
94.4
95.0
93.6
88.4
96.2
93.6
94.7
91.7
93.6
92.2
90. 2
71.6
78.6
81.7
95.2
90.7
90.9
88.1
96.1
94.1
97.2
92.9
90.7
95.7
99.0
86.6
90.4
98.4
107.9
103. 5
106. 2
84.8
104.3
99.9
105.8
112.3
110.1
112.4
110.2
50.8
53.6
76.0
80.5
75.6
64.9
62.1
65.0
74.0
61.0
60.0
57.0
50.5
57.0
91.0
90.4
89.1
88. 5
87.3
87.2
86.6
75.4
75.3
74.7
74.6
75.1
73.8
73.7
1,320
1,071
1,088
1,116
1,053
1,018
995
15, 035
13, 359
15, 567
20, 106
14, 559
12, 236
10, 793
8o.~<r
100.9
79. 1
83.3
89.1
94.4
96.8
93.5
98.3
72.9
81.9
83.4
85.2
91.2
88.6
98 2
54,' 6
62.2
64.6
68.0
75.2
74.7
1,984
1,032
996
850
751
1,094
47, 605
21,516
15,070
13, 868
8, 940
14, 522
98
56
66
68
75
82
74
End of month.
97
55
64
62
63
74
67
91.0
94.8
102. 8
110.8
105. 6
3
P4. 3
71 6
81.3
81 2
87. 1
90 5
85 3
Adjusted for number of working days.
165. 7
45.2
65. 9
90.5
112 9
123 6
66. 2
109. S
54.2
69. 3
85 5
95 7
106 4
96.8
5
Adjusted for seasonal variations.
SURVEY OF CURRENT BUSINESS
September 1938
Employment
in general business in July was
IMPROVEMENT
reflected in the employment and pay-roll data.
While actual gains were confined mainly to manufacturing industries, certain other lines also recorded
increases, or less than seasonal reductions. Although
employment recorded a gain last April, it was less than
is usually experienced, and July is the first month since
early last fall that there has been any indication of a
general improvement in the employment situation.
The gains in factory employment and pay rolls, while
small, were contraseasonal, and the adjusted employment index in the table below recorded an increase for
the first time in a year. The principal increases in
factory forces were in the nondurable-goods industries,
in which employment expanded by more than 3 percent.
Among the increases, which were generally more than
seasonal or contraseasonal, were those in the men's
clothing industry (14 percent); in woolen and worsted
goods (13 percent); in the shoe industry (12 percent).
Several important durable-goods industries reported
small increases in employment, but, in general, these
industries reduced their working forces. In the durablegoods group as a whole, there was a decrease of 2.4
percent in the number of wage earners. The most pronounced losses were in agricultural implements (20
percent); engines (16 percent); automobiles (9 percent);
glass (7 percent); electrical machinery (3 percent); and
foundries and machine shops (2 percent). Most of the
declines, however, were of a seasonal nature, so that
the reduction for the group as a whole was about in
line with the usual midsummer change.
In the nonmanufacturing industries, employment
declines were largely seasonal. Retail stores reduced
their working forces by about 3 percent. Country
buyers and wholesale firms dealing in farm products
reduced their forces sufficiently to offset small employment gains in groceries, food, petroleum, and other
important wholesale lines, resulting in a net reduction
of 10,000 employees in wholesale trade as a group.
There were greater than seasonal reductions in employment in anthracite mines, which reported a decline of 20
percent, and in metal mines, where the number at work
declined 9 percent.
A small number of wage-rate reductions in July were
reported for 37 manufacturing industries, affecting
48,000 wage earners out of a total of 3,700,000 covered
by the data reported to the Bureau of Labor Statistics.
The most widespread reductions were in cotton mills,
with nearly 31,000 workers affected, and in mills making
paper and pulp, woolen goods, and shoes. Factory
wage rates have shown only minor fluctuations in recent
months. For all manufacturing industries, average
hourly wages in July were less than 3 percent below last
fall's peak.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Nonmanufacturing employment and pay rolls, unadjusted
(U. S. Department of Labor)
TradeElectric light Telephone
union
Anthracite Bituminous1 and power
Pay
Employment rolls
and tele- Retail trade memcoal mining and manumining '
graph
bers
emfactured gas
ployed
EmEmEmEmEmUnadPay
Pay
Pay
AdUnadPay ployploy- Pay
ploy- rolls ploy- rolls ploy- rolls
justed justed 2 justed ment
ment
ment
ment rolls ment rolls
Percent
Monthly average,
Monthly average, 1929=100
of total
1923-25= 100
members
Factory employment
and pay rolls
Year and month
1929- July
1933- July
1934: July
1935: July ,
1936: July
1937:
July
August _ _ _
.
September
October
November
December
1938:
January
February
March
April
May
June
. _
JuJy
Monthly average, January
through July:
1929
1933
1934
1935
1936
1937
1938
91360—38
Wages
Factory
(National Industrial Conference
Board)
Average Average
weekly hourly
earnings earnings
Dollars
Common
labor
rates
(road
building)
Cents
per
hour
105 9
74.9
82.5
83.5
91.2
106.9
76.1
83.4
85.0
92.8
107.1
51.7
61.4
66.5
80.2
83.1
51.7
63.5
61.0
58.4
04.7
41.4
46.3
42.3
40.4
93.9
75.3
92.1
88.3
93.2
85.5
41.3
59.7
47.6
72.8
103.2
77.5
85.0
84.8
91.7
102.3
70.0
81.1
81.5
89.8
102.6
68.5
71.0
70.3
73.1
104.1
66.7
72.3
75.7
79.9
97.3
71.0
79.0
79.3
83.2
98.8
51.0
60.1
60.5
65.1
69
72
73
83
28. 41
19.34
19.90
21.85
24.20
.587
.456
.588
.600
.617
39
35
101.4
102.3
102.1
100.5
94.7
88.6
103.0
102.4
100.7
98.4
94.1
89.0
100.4
103.8
100.1
100. 1
89.5
80.9
54.3
49.7
58.1
61.5
60.9
61.4
38.2
29.6
34.2
55.4
49.0
51.3
93.7
97.4
99.4
102.4
101.4
99.4
77.7
86.3
90.9
100.7
91.1
95.1
97.5
98.3
98.6
98.5
97.3
96.1
102.2
102.6
104.0
105.3
103.8
102.4
79.7
79.8
79.8
79.6
78.9
78.0
92.1
92.1
92.3
94.9
91.4
94.7
87.6
86.2
90.7
92.1
91.7
100.4
72.8
72.3
74.4
75.9
75.3
80.6
89
88
88
88
86
83
27.83
27.76
27.39
27.12
25.59
24.36
.711
.713
.716
.716
.717
.715
41
42
43
43
41
38
82.2
82.3
81.7
79.6
77.4
75.9
78.4
84.2
83.0
81.6
79.2
77.5
76.3
77.6
71.7
73.2
73.3
70.7
69.2
67.2
67.5
59.6
60.0
59.3
57.0
52.8
56.0
44.6
46.5
46.1
47.3
39.0
38. 3
49. 7
20.3
96.8
95.4
93.2
85.8
82.0
80.2
78.6
70.2
74.0
68.4
56.3
55. 5
57. 0
57. 3
94.0
92.9
92.0
91.8
91.6
92.2
92.6
98.9
98.5
98.6
97.6
97.3
98.6
98.3
77.8
75.7
74.9
74.8
75.0
74.8
74.9
93.7
89.5
92.6
91.6
91.3
90.9
90.8
84.1
82.4
83.0
88.2
83.7
83.6
81.3
70.1
68.4
68.6
72.2
70.0
69.5
68.2
80
79
79
80
81
81
81
22.98
23.53
23.63
23.53
23.38
23.74
23.92
.710
.710
.714
.717
.718
.719
.713
34
33
33
35
40
109.6
43.2
63.6
68.8
78.1
100.1
70.4
98.4
56.5
70.5
67.2
65. 0
61.5
55.6
92.2
44.2
65.6
56.6
52.4
49.0
41. 0
100.5
76.5
90.4
95.2
96.2
98.7
87.4
98.0
38.7
62.8
67.2
78.1
85.4
62.7
96.6
77.2
82.8
83.1
88.3
94.0
92.4
96.3
70.8
76.7
79.4
86.6
96.7
98. 3
98.3
71.7
70.3
70.1
71.1
76.7
75.4
98.3
69.3
70.2
74.1
77.2
87.1
91.5
97.5
71.6
81.1
80.9
83.0
88.0
83.8
97.5
51.7
60.3
61.0
64. 3
71.3
69.6
88
67
74
77
81
88
80
28.72
16.75
20. 21
21.79
23.94
27. 56
23.53
.588
.458
.573
.597
. 013
.677
.714
104.2
65.9
83.1
84.5
88.8
100.5
79.4
1
See footnote marked " t" on p, 29.
J
Adjusted for seasonal variations.
91
42
42
38
10
SURVEY OF CURRENT BUSINESS
September 1938
Finance
the upsurge in the last week of June and
ASTER
during July, stock prices leveled out in August,
with representative averages holding above those of
any month since October 1937. At the end of the first
week of the month, average quotations were near the
high mark established in late July. During the second
week they were carried downward in the first clear
reaction since the advance in prices began, and, after a
recovery, weakness reappeared toward the month end.
Bond averages, which rose during July along with share
prices, and to approximately the same comparative
level, fluctuated within narrow limits in August. The
turn-over of shares and of bonds was much less than in
the preceding period of active trading. The improved
activity in the new capital market in recent months
continued. Corporate borrowing during August was
larger than in July, but smaller than in June.
During the 4 weeks ended August 17, additions to
monetary gold stock were chiefly responsible for a
further expansion of the credit base by $72,000,000.
During the same period, member bank reserve balances
were reduced by $117,000,000 and excess reserves by
an approximately equivalent amount, as a result
almost entirely of the changes in the week covering the
month end. The decrease in reserve balances and the
simultaneous increase in gold stock during the month
were offset, in somewhat unequal proportions, by an
increase in money in circulation and by increases in
Treasury cash and in Treasury deposits. The sharp
movement over the month end coincided with a decline
in the demand deposits of reporting member banks of
more than $200,000,000. The loans and investments
of member banks showed little net change during
the 4-week period, although consecutive small in-
creases were reported for the first 3 weeks of August.
The decline in quotations for foreign currencies during July carried into August as the movement of floating
international balances into gold and dollars gained
momentum. This development occurred simultaneously with a sharpening of the political crises in Europe
and in the Far East, but there were other important
influences. Renewed distrust of existing currency relationships, particularly with respect to the dollar-sterling-franc relationship, was fomented by unfounded
rumors that the sterling-dollar rate would be provisionally stabilized at the old parity of $4.8665 under
the prospective Anglo-American trade agreement and
by renewed anxieties over the French franc. Although
reports of foreign participation in the stock market
advance were not clearly substantiated, there was no
doubt of the heavy demand for dollars growing out of
commercial requirements.
The pound sterling, French franc, and guilder, all of
which had touched new lows for the year in July, fell
further during August, with the pound finally breaking
through its former parity with the dollar in the course
of trading on August 30. The weakness of the principal European currencies was shared by the belga;
but the Swiss franc continued to resist the general
trend. The fall in sterling was accompanied by a continued rise in the price of gold in London, with large
amounts of gold being taken for private hoards and for
shipment to the United States. Almost daily engagements for American account in the London market,
supplemented by substantial consignments from Japan
and Canada, promised to bring the inward movement
of gold during August above the level of any previous
month of 1938.
FINANCIAL STATISTICS
Federal
Reserve
bank
credit
out-
Year and month
stan d-
Monetary
gold
stock
end of
month
Reporting member banks, Wednesday
closest to end of month
CurLoans
Deposits
rency
of
Com'l,
in cir- member
indus- invest- Decula- banks,
trial, ments mand, Time
tion
end of Total and
agadmonth
riculjusted
tural !
Excess
reserves
July
July
July
July
July
1,347
2,209
2.462
2,465
2,462
4,048
4,032
7,893
9,128
10, 629
4,477
5,388
5, 350
5,550
6, 203
468
1,875
2, 513
3,029
July
August
September
October
November
December.
2,574
2,577
2,579
2,580
2,606
2,612
12, 404
12, 512
12, 653
12, 782
12, 788
12, 765
6, 475
6,500
6, 558
6,566
6, 558
6,618
791
773
1,038
1,055
1,169
1,212
9,784
10, 027
10, 004
9,625
9,441
9,387
January
February .
March
April
2,593
2,590
2,611
2, 594
2,582
2,596
2,589
12, 756
12, 768
12, 778
12, 829
12,891
12, 946
12, 985
6,397
6,319
6, 338
6,337
6,415
6,433
6, 464
1,383
1,415
1,546
2,548
2,568
2,875
3,022
8,981
8,933
8,771
8,587
8,334
8,321
8, 165
1937:
1938:
May
June_
July
.
a. E.)
Dollars
Percent
207. 3
79.8
71.4
78.8
109.2
96. 40
88.03
92.00
94.12
98.19
803, 553
52, 894
20, 279
55, 090
69, 809
59, 294
43, 061
125, 500
486, 885
224, 583
2.91
1.05
1.21
1.30
1.58
6
12. 962
14, 850
6,712
4, 948
5, 004
4,856
5,015
12, 499
12, 292
12, 022
12, 029
11, 940
12,015
15, 033
14, 924
14, 864
14, 610
14, 612
14, 431
5, 268
5, 268
5, 290
5,278
5,234
5,205
117.8
120. 5
106.4
91.4
82,9
82.2
96.82
95. 64
94.54
93.17
92.36
92.75
81, 745
50, 673
112, 757
66, 647
26, 942
42, 767
56, 781
56, 136
39, 386
69, 653
10, 120
14,463
2.12
2.13
2.13
2.13
2.19
2.18
12, 253
12, 298
12, 039
12, 257
12, 202
12, 240
12, 395
14, 464
14, 381
14, 268
14, 598
14, 589
15, 036
14, 951
5, 225
5,260
5,221
5,230
5,216
5,239
5, 193
81.6
80.7
77.9
70.7
73.9
73.1
88.0
91.64
92.44
88.71
90.84
90.81
91.97
93.32
45, 533
40, 802
23, 995
12, 313
35, 935
198, 866
129,061
3, 773
62, 225
57, 643
66, 500
25, 692
95, 034
51,545
.93
.63
.57
.55
.43
.39
.39
Millions of dollars
1929:
1933:
1934:
1935:
1936:
Capital flotations,
All
corporate
listed
Dividend Interest
bonds,
rate,
rates,
Stock
doaverage
comprices
per
mestic,
mercial
(StandaverNew Refund- share
paper
ard
(600
age
capital
Ing
(4-6
Statiscom- months)
prk-e
tics)
(N. Y.
panies)
1926=100 Dollars
17, 058
9, 064
5, 549
8 367
10, 603
12, 034
14, 084
4, 425
4,638
4, 807
4, 761
4,637
4,601
4, 3P4
4, 357
4, 299
4,187
3,992
3,936
3, 865
7, 811
8,294
i This item was first reported by the Federal Reserve in May 1937; see footnote marked "®" on p. 32 of this issue.
Thous. of dollars
1
1
1
1
1
1
1
3
/l-l
¥
11
SURVEY OF CURRENT BUSINESS
September 1938
Foreign Trade
withdrawn for consumption from bonded
GOODS
warehouses in July were again larger in value than
those that entered warehouses. As a result, the value
of imports for consumption was approximately as large
as in the preceding month in contrast with the decline
of 3 percent shown for general imports. The excess of
withdrawals over entries was approximately 7 million
dollars in July, the largest such figure recorded since
August 1936. The general import trade exhibited,
however, no further reduction as compared with a year
ago; its value was 47 percent below that of July 1937,
as compared with a decrease of 49 percent in June.
Imports of crude materials registered an increase in
value during July of approximately 5 million dollars
over the June total, although they remained much
smaller both in quantity and value than in July 1937.
Imports of crude foodstuffs, which remained at
approximately the same figure in July as in June, were
little more than half as large in value as in July 1937.
The fact that imports of grain have dropped to negligible
figures and that prices of cocoa and coffee are much lower
this year account mainly for the reduction in value.
Imports of manufactured foodstuffs were about 40
percent smaller in value than in July 1937. Semimanufactured imports were about half as large, and
imports of finished manufactures were lower in value
by nearly two-fifths.
Exports were 15 percent smaller in value in July
than in the corresponding month of 1937, a somewhat
greater decrease than in June. More than two-thirds
of this decline was accounted for by the lower price
level this year. On a volume basis, our foreign sales
continued on a relatively high plane in July, the larger
exports of crude foodstuffs being a major factor in this
situation. Largely as a result of increased exports of
grain, this economic class of commodities amounted to
$24,556,000 in July, compared with $5,925,000 in July
1937. Manufactured foodstuffs exports in July were
approximately as large in value as in June and about
$2,000,000 larger than in July 1937. Crude materials
exports were only about 1% million dollars smaller in
July 1938 than in July 1937, notwithstanding the lower
price level this year.
Exports of semimanufactured products, valued at
about the same figure as in June, were not much more
than half the value in the corresponding month of 1937.
Exports of finished manufactures, which declined
moderately in July for the third consecutive month,
still contributed more than 50 percent to the export
total. The decline from June was accounted for principally by a decrease in shipments of metal-working
machinery and of aircraft, and the reduction from a
year ago by smaller exports of passenger automobiles,
motortrucks, advanced steel manufactures, radio and
other electrical apparatus, certain industrial machinery,
and lubricating oil.
EXPORTS AND IMPORTS
Indexes
Year and month
Value
of
total
exports,
adjusted 2
Exports of United States merchandise
Value
of
total
imports,
adjusteds
Exports,
including
reexports
Total
Un- Food- Semiman- stufis, manufac- total ufactures
tured
cotton
Monthly average, 1923-25=100
1929' Julv
1933' July
1934: July 1935' July
1936: July
1937:
July
August
September
October
November
December
1938:
January _
...
February
March
April
May
-- - - - - - -_
June
- ._
July
Cumulative, January through
July:
1929
1933
1934
1935
1936
121
43
48
52
54
119
48
43
59
66
80
79
74
72
72
79
89
79
76
68
69
65
75
76
72
76
72
69
68
52
51
48
46
45
47
47
3114
331
345
345
350
368
368
402.9
144.1
161.7
173.2
180.4
393.8
50.0
51.5
37.2
38.3
30.3
24.4
36.8
20.3
19.2
10.2
56.1
15.4
16.9
15.3
15.0
60.5
21.4
28.9
28.1
33.5
34.4
46.0
80.9
88.3
84.9
75.9
9.4
15.9
39.0
45.0
43.7
39.9
17.4
27.4
26.8
38.8
32.9
34.0
67.9
48.2
47.0
44.5
34.8
34.5
32.8
34.6
21.2
23.1
20.1
10.4
9.4
10.5
40.3
39.4
35.5
38.6
48.2
34.6
38.0
534. 2
258. 8
344.2
177.5
205. 1
164. 8
160.8
185.2
129.4
141. 6
159. 1
167.9
177.0
268.2
277.7
264. 6
296. 7
333.1
314. 7
319.3
293. 5
329. 8
311.2
315.3
289.4
286. 1
260. 0
262. 7
275.7
274.5
257. 2
232.7
227.8
274.2
270.8
271.5
253. 6
229. o
225. 1
3 117 3, 025. 9 2, 972. 3
332
344
352
360
386
349
813.4
798. 5
1, 197. 7 1.177.3
337.8
Total
AutomoMa- biles, Total
chin- parts,
and
ery
accessories
Millions of dollars
56.4
227.2
Crude Food*
materials stufls
Finished
man- manufac-
Semitures
ufactures
53.3
76.1
86.0
98.1
10.1
18.7
23.2
29 3
47.4
7.5
18.4
19.1
16.9
353.0
119.0
46.5
39.0
53.0
56.1
75.9
38.8
29.1
55.5
60.1
71.8
31.0
27.5
32.1
42.6
86.2
26.8
28.5
32.5
38.6
68.9
67.2
55.4
59.0
57.0
53.5
144.0
133.8
130.4
143.7
136.4
151.9
46.1
40.8
39.0
44.6
37.7
44.7
29.4
23.1
23.3
25.4
29.8
39.7
263.4
249.0
203.7
77.6
79.6
76.0
71.7
67.5
68.5
77.5
66,9
56.9
53.0
51.5
50.4
59.6
54.8
52.6
51.9
46.4
43.6
48.8
47.7
48.6
50.0
47.0
41.3
44.1
41.7
46.2
46.3
42.6
37.0
37.3
133.9
130.6
142.1
142.2
128.0
123. 4
117.0
39.7
41.4
46.1
45.6
42.4
41.5
3!). 1
34.4
28. 1
28.8
26.4
20. 6
17.2
17.5
163.5
155.9
173. 3
155. 5
147.2
147.9
147.8
51.8
46.7
51.2
43.8
40.2
38.0
43.2
44.1
47.1
55.5
49.5
32.9
29. 7
32.1
28.6
27.8
30.4
2tf.6
34.6
32.5
34.5
33.6
33.4
32.4
30.9
420.6
443.4 1, 574. 1
358.6
387.6 2, 639. 4
64.4
120.9
149. 3
193.4
955.2
1,157.4
1,350.8
135. 1
185. 4
325. 3
597.0
242.8
287.2
392.8
566.7
326. 0
517. 5
947.1
198.7
528.5
95.5
128. 8
107.8
107.1
119.3
158.5
198. 9
217.2
610.2
315.0
421.0
575.1
333.1
1,197.3 1,171.0
295 4
1, 335. 4 1,312.5 I 307. 3
1937 - 345.9
1, 803. 1 1, 770. 3
1938
1, 820. 0 1, 796. 7
309.7
274.6
* General imports through December 1933; imports for consumption thereafter.
l
Finished
manufactures
Crude
materials
Total
Imports
118.2
193.2
193.0
225. 9
385.1
574.8
672. 2
49.1
125. 1
142. 6
149.7
205. 5
172.9
143.0
124.0
173.1
197.5
234.1
226.5
212.4
735.1
1, 887. 6
920.0 272.7
917.2
296. 5
1, 091. 3
295.2
a
Adjusted for seasonal variations.
283.7
402.2
3
47.1
44.1
222.2
278. 4
385.4
211.1
Monthly average.
249.3
316. 9
232. 0
12
SURVEY OF CURRENT BUSINESS
September 1938
Construction and Real Estate
contract awards during the first
CONSTRUCTION
3 weeks of August were in about the same daily
A factor in the rise in residential building awards has
been the liberalization of the F. H. A. loan requirements,
dollar volume as in July. Residential awards have con- but the small improvement in the rent and building-cost
tinued in good volume, and a definite improvement in relationship has had some effect on the increase in
publicly financed heavy engineering projects has been building activity. Home mortgages selected for aprecorded. However, privately financed construction praisal by the F. H. A. in the first 3 weeks of August
awards, other than residential, continued in reduced were more than twice as large in value as those in the
volume and were substantially lower than a year ago. same period a year ago, a gain commensurate with that
On a daily average basis, residential awards in July, recorded in July.
The value of nonresidential awards in July was about
the latest month for which complete figures are available,
were 6.8 percent higher in value than in June, a marked 8 percent below those of June, and only a little over onecontraseasonal gain. Since last January, seasonally half as large as in July 1937. For the first 7 months of
adjusted residential awards have increased about 77 the year, such awards were 28 percent below those of the
percent. The July dairy average was also about 13 per- corresponding period a }^ear ago.
cent above a year ago. This gain over the corresponding
Public works and public utilities awards recorded a
period of the preceding year was the first such increase small decline in July, and have been below those of a
recorded since June 1937. While total residential year ago during the last several months. For the first
awards did not exceed those of a year ago until July, con- 7 months, however, such awards were about 5.7 percent
tracts for owner-occupied dwellings were larger than in higher in value than in the corresponding period of 1937.
1937 as early as May of this year. By July, the dollar Near future prospects for improvement in these classes
volume of contracts let for dwellings intended for sale or of building are to an important extent dependent on
rent also rose above a year ago. For the first 7 months the Federal program. The full effects of such spending,
of the year, however, residential awards were 18 percent however, will probably not be reflected in awards for
lower in value than in the corresponding period of 1937. these types of construction for several months.
CONSTRUCTION, BUILDING MATERIALS, AND REAL ESTATE
Year and month
1929" July
1933" July
1934: July
1935: July
1936: J'jly__
1937:
July
August
September.
October
November
December.
1938:
January
February
March.
April
May
June __ _- _
July
Monthly average, January through July:
1929
1933
1934
1935
1936
1937
1938
1
Federal
Reserve
All types ol
index, construction
>
adjusted i
Residential
building J
Monthly NumMilaverage, ber of
of
1923-25= proj- lions
dollars
100
ects
Millions of
square
feet
Loans
ConRealoutstanding
strucestate
tion
forecosts
clo(Engr. Home
Home
sures
Ce- News- Loan Owners' (nonment RecLoan
farm) «
ord)3 Bank
Corp.4
Building-material shipments
Construction contracts awarded
Non res- Public
idential utili- Public Common
buildties 2 works > brick
ing »
Thousands
Millions of dollars
Lumber
Oak
flooring
MonthMills, Thous. Thou- ly avof ft.
of ft. sands of erage, Thousands of dollars
b. m. b. m. barrels 1913 =
100
20, 319
Monthly average,
1926=«
100
124
21
27
35
59
16, 601
8,228
7,179
10, 929
13, 890
652. 4
82.6
119.7
159. 3
294. 7
37.8
7.4
4.8
13.1
20.5
199.9
23.6
19.8
48.4
72.0
250.3
40.0
60.8
57. 0
96.1
53.1
4.1
7.9
13.8
27.5
149.2
14.8
31.2
40. 1
99.1
61,101
93, 608
170, 135
1, 064
1, 746
2,141
7.792
18, 374
30, 123
8,697
7,898
7,813
11,823
204.8
165. 5
199.7
197.4
204. 8
53, 736
85, 116
80, 873
122, 094
1,419,304
2, 689, 117
2, 921, 294
323
330
280
67
62
56
52
56
61
15, 361
15, 454
14, 947
14, 506
12, 512
9,152
321.6
281.2
207. 1
202.1
198. 4
209.5
20.6
18.9
17.0
16.3
15.2
10.9
81.0
73.4
65.6
65.5
59.9
43.5
139.1
118.1
76.2
75.3
79.3
101.2
48.7
26.1
12.2
13.3
14.9
17.7
52.8
63.5
53.1
48.0
44.3
47.1
167, 085
157, 839
154, 424
149, 672
128, 118
95, 882
2,114
2, 076
2,061
,818
,443
,301
28, 208
33, 166
30, 101
24, 608
19,310
19, 442
12, 237
12, 291
12, 773
11,190
8,188
4,793
239.9
240.7
241.6
241.9
241.4
241.1
169, 568
175, 604
179, 508
184, 038
187, 333
200, 092
2,524,129
2, 497, 224
2, 472, 421
2, 446, 002
2, 422, 149
2, 397, 647
232
196
214
195
192
194
52
51
46
52
51
54
54
8, 502
9,261
14, 533
15, 058
17, 565
18,194
17, 648
192.2
118.9
226.9
222.0
283. 2
251. 0
239.8
9.4
10.4
20.1
18.7
20.6
21.3
21. G
36.2
40.0
79.4
74.6
83.2
85.7
88.0
57.4
48.4
87.8
80.4
77.8
81.8
72.6
48.5
5.1
10.7
9.4
43.7
8.7
13.4
50.1
25.3
49.0
57.6
78.5
74.8
65.8
68, 794
74, 978
114, 909
129, 509
130, 728
145, 279
,387
,389
,748
,490
1, f 31
1,684
1,775
22, 159
24, 490
35, 655
26, 984
28, 286
30, 233
35, 939
4,390
4,575
7,259
8, 678
9, 752
10,932
10, 183
239.6
239.0
238.8
238.0
236.8
236.9
232. 3
190, 535
187, 498
183, 105
183, 747
186, 507
196, 222
191, 889
2, 370, 984
2, 348, 025
2, 323, 995
2, 301, 894
2,281.884
2. 2fi5, 153
2, 248, 982
179
172
195
191
194
189
161
126
18
34
30
54
62
53
15,571
6,865
7,709
9,138
11,214
15.270
14, 394
523.5
73.5
139.1
122.3
218.9
259.3
219.1
37.8
5.8
5.4
10.1
16.6
22.5
17.4
183. 9
19.5
21.7
36. 7
58. 1
85.3
69.6
205. 1
32. 1
48.4
45.1
83.7
100.9
72.3
48.9
4.6
11.0
7.8
17.3
25.5
19.9
85.6
17.3 5
52, 158
58.0
32.7 5 64, 268
18, 272
59.7 M
47.5 5 158, 751
57.3 5 110, 700
1,242
1,554
1,959
2, 134
1.572
9,000
14, 534
27, 394
32, 724
29,114
12, 938
5, 232
6, 152
5,678
8,435
9, 254
7, 964
206.7
161.4
196.3
195. 8
203.0
230. 0
237. 3
Based on 3-month moving average of values and adjusted for seasonal variations.
1
See note marked "t" on p. 24.
8
4
Index is as of 1st of month; index for Aug. 1, 1938, is 233.4.
See footnote marked "*" on p. 25.
* 6-month average.
330
358
276
243
1£3
September 1938
13
SURVEY OF CURRENT BUSINESS
Progress of Current Trade-Reporting Program
By Edward L. Lloyd, Chief, Market Data Section, Marketing Research Division
HERE has long been a realization of the lack of
T
sufficient factual data upon which to base economic
and business judgments, but the need for such information has become more pronounced and important in
recent years of rapid and drastic change in our economic
structure. The program of the Bureau of Foreign
and Domestic Commerce, initiated in 1933, contemplated the collection of data upon which an appraisal
of the current state of domestic trade activity could be
based. This step was designed to provide facts on
current trends which would be made readily available
to businessmen, statisticians, public officials, and other
students of business conditions. Although steady
progress has been made on this project, there still
remain significant gaps, which it is hoped may be filled
as the cooperation of the necessary reporting groups is
secured. This article is designed to present a review
of the program to date; it supplements the summary
which appeared in the February 1936 issue of the
Survey of Current Business.
The collection, statistical treatment, and analysis of
the material have been handled in the Marketing
Research Division of the Bureau. The splendid
cooperation of businessmen throughout the country, in
furnishing the basic data, and the collaboration of
business associations and bureaus of business research
of several universities, which have enabled the Bureau
to make noteworthy additions to our statistical knowledge, are gratefully acknowledged. Continued collaboration of these and other groups is necessary if we
are to make further progress.
The series of retail trade indexes with which the
program had its beginning have been augmented by
data on other important lines of chain-store sales, by
an increased number of States reporting independent
retail-store sales, by reports on the dollar volumes of
wholesalers and manufacturers, and by the collection
of data to indicate the current position of wholesale
and retail inventories. Wherever feasible, detailed
information is collected for kinds of business, by
geographic regions and principal cities, and by commodity groups.
Retail Trade Statistics.
The first studies were undertaken in the chain-store
and mail-order fields, supplemented by data on retail
sales of new passenger automobiles. Indexes were
constructed showing dollar sales of limited-price variety
stores, new passenger automobiles, general merchandise
in rural areas, both total and by regions, and chain
grocery-store sales. These series of indexes are available by months from January 1929, both with and
without adjustments for seasonal variations. Detailed
descriptions of the several indexes and the methods
employed in their construction have appeared in
previous issues of the Survey of Current Business.1
Supplementary reports on chain-store activity, which
as yet are not on an index basis, include the drug and
men's-wear fields, and preliminary work has been done
on chain sales of shoes and women's wear. With
these additions, the Bureau studies of chain-store
activity represent lines of business which accounted for
more than 50 percent of all sales made by chain organizations, according to the 1935 Census of Business. It
is planned to construct an index of chain-store sales in
the near future, based on these series and other available
data, which will indicate current trends of sales made
through chain stores.
Since January 1938, monthly data on the cost value
of stocks on hand both in retail stores and in warehouses
have been collected from chain retailers in the variety,
grocery, and general-merchandise fields. The first
public release of these data was recently presented in a
midyear summary of retail trade.
Retail sales of independent merchants have been reported from the State of Massachusetts in cooperation
with the Boston Federal Reserve Bank since 1934, and
from Illinois, Indiana, and Wisconsin since September
1935. These latter States were the first to be covered
in the Bureau's sale-reporting program.
The chain-store field could be covered adequately
through the cooperation of a relatively small number of
organizations, but the study of retail sales of independent stores presents a more difficult problem. It
was decided that the data should be developed on a
State basis. Since the fall of 1935, when the first releases were issued, the program has been gradually extended until reports are being received each month
from some 20 kinds of business in 28 States.2 Independent-store sales in the States from which reports
are now being received accounted for approximately 60
percent of the total sales of independent retailers, as
shown by the Census of Business of 1935. Each of the
1 March, April, and December of 1934; September 1936; and May 1937, in the order
of the series named.
2
States now covered in this service and the data for which information was first
available are as follows:
Alabama, Oct. 1937.
Arizona, Aug. 1937.
Arkansas, May 1936.
California, Aug. 1937.
Colorado, Aug. 1930.
Florida, July 1938.
Georgia, Oct. 1937.
Idaho, Aug. 1937.
Illinois, Aug. 1935.
Indiana, Aug. 1935.
Iowa, May 1936.
Kansas, May 1936.
Massachusetts, May 1934.
Missouri, May 1936.
Montana, Aug. 1937.
Nebraska, May 1936.
Nevada, Aug. 1937.
New Mexico, Nov. 1935.
Ohio, May 1936.
Oklahoma, Oct. 1935.
Oregon, Sept. 1937.
Pennsylvania, July 1938.
South Carolina, Oct. 1937.
Texas, Oct. 1935.
Utah, Aug. 1937.
Washington, Sept. 1937.
Wisconsin, Aug. 1935
Wyoming, Aug. 1936
14
SURVEY OF CURRENT BUSINESS
nine geographic regions, as denned by the Census
Bureau, is at present represented in the program by at
least one State. Reports are received from all States
in the Mountain and the Pacific regions and from all
but one State in the East North Central and West
South Central groups. Detailed statements for most
of the 28 States covered and for the cities of St. Louis,
Chicago, Los Angeles, and San Francisco are released
regularly each month. (Similar data will be available
shortly for Philadelphia and Pittsburgh.) These show
sales by kinds of business for the current month, the
previous month, and the comparative month of the
previous year. The number of stores, dollar sales,
computed changes, and a chart showing percentage
change by kinds of business are presented in each
release.
Table 1.—Independent Store Sales Reported to the Bureau of Foreign and
Domestic Commerce Compared With Census Data
Census 1935 *
Bureau sample
July
1938
States reporting
Total 2
New England:
Massachusetts
Middle Atlantic:
Pennsylvania
East North Central:
Illinois
Indiana.. _.
Ohio
Wisconsin..
West North Central:
Iowa_
Kansas
Missouri
Nebraska
South Atlantic:
Florida
Georgia
South Carolina. _
East South Central:
Alabama
West South Central:
Arkansas
_
Oklahoma .
Texas
Mountain:
Arizona
Colorado
Idaho
..
Montana
Nevada..
New Mexico
Utah
Wyoming
Pacific:
California
Oregon
Washington
_. _
Store
units
Sales
Store
units
Store
units
Sales
18, 554
13, 110
Thous. of
dollars
1, 969, 796
590, 445
(3)
29, 882
761, 702
(4)
69, 869
1, 357, 290
800
_
Year 1937
701
Thous. of
dollars
11, 555, 897
1,121
(4)
1,101
596
1,231
721
1,026
574
1,003
716
176, 486
79, 545
143, 605
115, 528
50, 100
26, 934
50, 780
22, 438
999, 087
459, 051
1, 090. 025
527, 507
776
566
977
497
629
581
995
437
65, 115
43, 335
156, 691
36, 669
23, 339
18, 250
31,491
12, 138
419, 503
305, 600
560, 427
243, 536
245
405
320
(4)
301
254
<4)
57, 566
24, 159
16, 718
15, 564
8,891
277, 122
275, 447
156, 976
293
189
33, 143
12, 466
273, 323
253
332
1,266
270
365
1,122
26, 813
38, 917
194, 873
31,919
19, 022
48, 924
182, 100
303, 176
866, 609
148
452
263
328
75
96
184
112
71
455
154
220
48
77
127
116
15, 566
44, 986
17, 860
25, 844
5,041
10, 577
21, 477
12, 239
1,942
9,319
3,176
3,150
541
2,111
2,684
2,227
67, 203
213, 199
100, 650
110, 019
24, 244
56, 086
72, 016
60, 338
4,087
535
774
1,941
266
472
479, 817
62, 369
81, 575
57, 652
7,296
11, 622
1, 320, 910
188, 127
284, 624
ajBf-sSM*^
1 Census figures shown here include only those kinds of business which are reported
to the Bureau of Foreign and Domestic Commerce.
2 Totals are for figures shown; the number of stores shown for July 1938 does not include
reports received after the 15th of August.
3
Comparable data not available for the year 1937, number of firms as of December.
4
Reporting program not extended to include Pennsylvania and Florida until July
1938.
Source: Figures reported to the Bureau of Foreign and Domestic Commerce and the
Census of Business, 1935.
Factors showing seasonal variations in various kinds
of business are in the course of preparation and are
soon to be published. Although the sample data cover
a rather short period of time on which to base seasonal
changes, it is hoped that these factors will give some
September 1938
indication of the relationship of sales as between the
different months of the year for various kinds of business for which measures of seasonal fluctuation have
heretofore been lacking.
A summary of the independent-store sales for the
States reporting appears regularly in two of the trimonthly issues of Domestic Commerce. The issue
appearing on the 30th of the month presents sales by
States and by regions, while in the issue for the 10th
of the following month, sales by kinds of business and
by population groups are summarized and presented
with other sales data which are described in this article.
An indication of the extent of coverage by States
represented by the current reports is shown by figure I.
It should be noted, however, that the number of concerns reporting is expanding steadily; in July 1938, the
number of reporting firms had increased to more than
20,000.
The census of 1935 is the latest available for total
retail sales, but in comparing the figures in column 4
of the table with those in column 6, consideration should
be given to the fact that estimated aggregate retail sales
of independent stores in 1937 were about one-fifth higher
than in 1935.
In addition to carrying forward and expanding the
work already established, the Marketing Kesearch
Division envisages the extension of the retail reporting
program to cover all States. Thus, it will be possible
to present comprehensive retail data upon both a
national and a regional basis. It is also planned to
collect data from independent stores on credits and
collections, and possibly inventories for stores from
which such information can be obtained readily. The
addition of this material will enhance the value of the
information which is now issued. But, with the figures
now available, a more comprehensive analysis of data
is possible than formerly. With the shifting of the
major emphasis from collection to analysis, significant
reports of individual industries as well as retailing as a
whole should be forthcoming.
All of the basic information reported to the Bureau,
together with data gathered from various other sources,
is employed in arriving at the Bureau's annual estimates
of total retail trade, as well as in estimating the monthly
changes in consumer purchasing. It is planned to
construct a monthly index of total retail trade, which,
when completed, will be presented and described in the
Survey of Current Business. This will be a composite
figure of the Bureau's series, which have been published
for several years, and the Department Store Index
constructed by the Board of Governors of the Federal
Reserve System. In constructing the index of total
sales, each of the indexes, together with independentstore and additional chain-store data, will be carefully
analyzed and studied for the purpose of constructing
an index which will provide an accurate indication of
sales volumes on a seasonally corrected basis.
September 1938
SURVEY OF CURRENT BUSINESS
Wholesale Trade Statistics Expanded.
The monthly collection, analysis, and dissemination
of current data reflecting conditions in wholesale trade
were initiated in January 1936 by the Bureau in cooperation with the National Association of Credit Men.
Arrangements were made with the various Federal
Reserve Banks, which were collecting similar information, so that duplication would be avoided and all
information of this nature eventually collected by the
Bureau of Foreign and Domestic Commerce. The
first statement, which contained data for slightly less
than 600 wholesalers, presented percentage changes in
sales and median collection ratios for various lines of
trade. The same month of the previous year and the
preceding month were used as bases of comparison to
show year-to-year and month-to-month variations.
This series was expanded during 1937 to include the
dollar volume of accounts outstanding and the dollars
collected in each month rather than a collection ratio
figure. These additional data made it possible to
publish the value of accounts receivable outstanding on
the first of each month, and to afford comparisons with
the preceding year and month, as for sales. Toward
the close of that year, the desire of business interests
to be better informed on the inventory position of
wholesalers, and the relationship of inventories to sales,
resulted in the addition of inventory data to the regular
monthly schedule. This made possible the publication
in the December 1937 report of such data, by kinds of
business and by regions. The monthly ratio of stocks
to sales is also shown.
An indication of the growth that has occurred since
the inception of this service may be obtained by a
comparison of the number of firms and their dollar
volume of sales as reported in the June 1938 release, as
compared with the release for June 1936, six months
after the initial compilation. In June 1936, 1,090
wholesalers reported sales of $129,000,000, as compared
with about 2,200 firms with sales of $179,000,000 in
June 1938. Adjusting this latter figure for the depressive influence of the recession, the comparable
total to the June 1936 figure is $190,000,000. The fact
that the dollar volume as adjusted did not increase in
proportion to the number of firms is of interest, as it
reflects the efforts to collect data from the smaller
firms for the purpose of improving the representativeness of the sample.
In addition to the monthly data, cumulative information is being shown by quarters for all lines of trade.
The first tabulation of this sort was made in July 1938
and compared data for the first 6 months of 1938 and
1937. Efforts are being made to build up the number
and representativeness of the reporting firms, and the
15
sample will be expanded and improved by the end of
the present calendar year. Plans also have been made
to supplement the current statistics with historical data
which will permit the preparation of comparable time
series for both sales and stocks.
The Bureau prepares monthly a special tabulation
for 11 of the 12 Federal Reserve Bank districts. Data
contained in these tabulations are basic in the preparation of the Federal Reserve Bulletins.
Dollar Figures on Manufacturing Industries.
Coincidental with the current reports on wholesale
trade, dollar figures on sales and collections of manufacturers, by types of industries, were collected. Major
emphasis, however, has not been given this activity
because the existing facilities were devoted mainly to
developing the data on wholesale and retail trade. At
present, monthly figures showing sales, accounts receivable outstanding, and collections for the reporting
firms are published for the major manufacturing industries. Cumulative figures are reported at quarterly
intervals.
In the June 1938 bulletin, 1,118 manufacturing firms
with an adjusted monthly sales value of $228,000,000
supplied data, as contrasted with 543 firms showing a
value of $179,000,000 in June 1936. It is planned, when
facilities permit, to expand the sample of manufacturers
reporting, particularly in certain lines of trade where
existing data are inadequate, and to include stock
information.
Industry Reports.
In order that businessmen may have currently available, in a single publication, a picture of the conditions
in a particular industry, from manufacturer through
the wholesale and retail distributive channels to the
ultimate consumer, special trade summaries are issued.
Such reports are now being issued in the drug, hardware, and food fields. In the electrical trade, a special
summary, which does not include retail data, is issued.
The drug release, which will serve to illustrate this
type of report, records manufacturers' sales, accounts
receivable, and collections for the country as a whole;
wholesale sales, subdivided to present total sales, sales
of drug and drug sundries and liquor sales reported by
regions, as well as accounts receivable outstanding,
collection and inventory data; chain drug-store sales
in total, and by tobacco and fountain departments, by
regions, and independent drug-store sales for the
States now being covered.
Additional reports of this type will be prepared in
those cases where the adequacy of the reports warrants.
Such data as are contained in these reports are basic
to industry analysis.
16
SURVEY OF CURRENT BUSINESS
September 1938
NEW OR REVISED SERIES
Table 67.—MANUFACTURED GAS '
Customers
Total
Year and month
Sales to Consumers
IndusDomes- House trial and
heating comtic
mercial
Tola!
1929
9,429
.
_
.-_
_ _
_
.___
_.
Total
Monthly average
1930
_
Januarv
February
March
April
-
May
July
August
September
October
November
December-.
_.
_
Total
Monthly average
January
February
March
April
_
1931
. _ _ _ _ _ - _ .
_
_ _
Mav
June _ _ _ _ _ _ _ _ _ _ _
Julv
August
September _ _ __
__ _ _ _ _ _
October
November
- __
_
December ___ __
_ _ _
_
Total
Monthlv average— _
. ___ _
33, 031
31
31
31
31
31
29
23
21
26
40
40
42
403
406
405
407
410
426
424
423
424
426
426
427
82, 447
31, 206
30, 804
31,315
29, 892
26, 862
26', 461
28. 578
30, 658
30, 768
32, 958
23. 043
22 219
21, 309
21.346
22, 139
21,577
19.049
18, 799
20, 701
21, 908
21.305
22, 387
2, 043
2, 156
1 757
li 256
915
410
124
9^740
8,989
8, 997
9,021
9, 057
9,121
9,129
9 148
9, 208
9, 226
9, 244
9, 256
9, 264
Total
115 121
109, 660
375
5, 006
364, 978
255.. 841
9,593
9,138
31
417
30,415
21. 320
9, 752
9 704
9,727
9 751
9, 821
9, 270
9 2?3
9, 245!'
9 268
9, 338
9, 244
9, 312
9. 310
.9, 356
9, 355
9, 342
9, 280
43
43
43
44
43
35
33
36
46
51
52
432
431
428
432
433
436
433
434
433
437
433
435
34. 793
33,541
32, 400
32, 878
31,479
30, 228
26.619
25. 220
117, 335
111,547
510
9, 778
9. 296
43
9, 785
9, 738
9. 762
9'. 752
9. 814
9 768
9; 792
9, 793
9, 836
9 823
9. 739
9, 706
9.287
9, 232
9, 260
9, 251
9, 298
9,247
9, 2S6
9, 288
9, 328
9. 310
9, 223
9, 186
117, 308
9, 776
IndusDomes- Bouse trial and
heating comtic
mercial
Thousands of dollars
7, 740
7, 880
7, 890
7,778
7,768
36, 951
36, 252
34, 732
34, 444
34, 978
33, 951
30, 704
30, 375
32, 718
34, 608
34, 567
36, 746
28, 122
27, 272
20, 123
20,197
27, 093
26. 644
23, 902
23, 725
25, 841
27, 032
26, 310
27, 444
1,706
1,785
1,483
1,038
811
374
125
82
144
588
1,255
2,143
13, 608
93, 368
411,025
315, 703
11 533
1,134
7,781
34. 252
26, 309
961
6, 827
2,916
2, 926
2, 388
2, 033
1 , 026
503
164
113
157
676
1, 861
2,837
8, 237
8, 309
8,137
8 409
7,974
38. 334
36. 925
35. 764
36, 303
3o!l91
30, 590
32, 437
23,417
22,009
21.646
22, 263
22. o2l
21,930
19.462
18,370
20. 607
22, 093
21.291
22, 048
6'i 822
6, 595
6. 813
7. 221
7, 239
7, 330
34,' 397
30. 833
29, 382
32, 159
34, 438
34, 521
36, 096
28, 476
27. 040
26,511
27, 151
27. 216
27, 033
24, 365
23^ 178
25,717
27, 239
26, 229
26,949
2, 360
2,388
1,917
1,628
907
508
166
122
162
600
1, 526
2,275
7,328
7, 328
7. 166
7, 360
6,972
6,713
6,171
5, 953
6, 139
6.438
6, G08
6, 705
5, 197
368.. 179
257, 582
17, 598
90, 712
414, 419
317, 103
14, 558
80, 884
433
30, 682
21,465
1,467
7, 559
34, 535
26, 425
1,213
6, 740
53
52
50
50
50
48
43
41
43
50
55
57
437
447
445
445
459
467
457
458
400
456
455
456
34, 687
32, 319
31,817
32. 032
31.064
29, 342
25. 970
24,715
27, 261
29. 270
29, 629
30, 5W
23, 147
21. 238
21,040
21,814
22, 032
21.561
19. 245
18,271
20, 546
21,929
21, 186
21, 062
3,611
3,302
2, 860
2,282
1, 375
580
207
151
189
604
1,484
2,483
7,713
7, 595
7,721
7, 755
7, 502
7, 062
6, 395
6, 1G7
6,378
6, 564
6, 775
6, 851
38, 063
35. 674
35, 067
35, 553
34. 864
33, 609
30. 329
28, 993
31, 827
33, 609
33,447
33,893
28, 057
26, 076
25, 705
26. 626
26. 908
26. 66]
24', 224
23, 125
25,710
27 , 047
26,014
25. 697
2 837
2, 605
2.291
1,873
1,148
491
194
149
185
534
1,178
1,909
7, 025
6, 866
6,911
G, 896
6, 683
6,340
5, 808
5. 617
5, 815
5, 907
6, 097
0, 150
111, 196
591
5,440
358. 702
253. C68
19, 128
84, 478
4G4, 928
31.1,850
15, 394
76, 114
9, 266
49
453
29, 892
21, 089
1,594
7, 040
33. 744
25, 988
1,283
6,. 343
9,621
9,602
9, 573
9, 589
9, 554
9 517
9, 454
9, 400
9, 400
9,372
9 310
9 255
9, 141
9. 119
9, 091
9, 106
9,074
9, 042
8. 988
8. 941
8, 936
8,898
8, 832
8,776
56
56
56
55
54
50
42
44
46
55
58
59
416
418
419
419
417
418
416
413
411
411
411
411
30,891
29, 409
30, 924
30. 233
28, 158
26. 610
24, 140
22, 395
24. 667
26, 676
26,841
28, 388
21, 507
19. 967
21, 114
21, 286
21,006
20, 575
18, 816
17. 354
19,431
20,511
19, 290
19, 639
2,840
2.903
3, 136
2,529
1,276
454
203
154
194
691
1,769
2,836
6, 315
6, 328
6, 463
6, 234
5, 706
5.429
4, 983
4. 739
4, 881
5. 274
5, 571
5, 686
35, 315
33, 549
35, 046
34, 663
32, 974
31', 784
29. 173
27, 331
29, 788
31, 438
30, 862
31,937
27, 002
25, 184
26, 393
26, 668
26, 344
26, 101
24. 120
22; 513
24, 804
25, 754
24, 189
24. 420
2,203
2,241
2,402
1 , 935
1,018
383
191
148
181
573
1,322
2, 015
5,960
5,979
6, 101
5,921
5, 479
5. 177
4, 754
4, 561
4,683
4 978
5, 209
5,350
113,652
107, 944
631
4,978
329, 332
240, 495
18, 983
67, 609
383, 860
303, 491
14, 612
64, 153
9,471
8, 995
53
415
27, 444
20, 041
1,582
5, 634
31,688
25, 291
1,218
5, 346
9, 441
9, 463
9, 501
9, 568
9, 590
9 C02
9, 659
9, 683
9,717
9,
9,
9,
9.
9
_
IndusDomes- House trial and
heating comtic
mercial
Millions of cubic feet
Thousands
January
February
March
April
M ay
Juno
July
August
September
October
November
December.-
Revenue from Sales to Consumers
786
785
833
814
833
143
664
1,487
2, 581
8,020
8, 086
7, 750
7,544
7,441
7, 572
7, 899
6. 955
7, 029
6, 964
7, 046
6. 890
6, 792
6, 529
6,431
6, 595
6, 841
6, 857
6, 996
'
81, 924
1932
January
February
March
April _
May ..
June
July
August
September
October
November
December
_ __
Total. _ .
_
.
_
Monthly average
i Compiled by the American Gas Association. These data, here shown for the period 1929-32, are to be used in conjunction with the data for the years 1933-37, which will
appear in the 1938 Supplement to the Survey of Current Business. The 1938 Supplement is now at the Printing Office, and will be available for circulation late in September.
The data represent practically complete coverage for the manufactured and natural gas industries. The above revision is in accordance with the regular practice of the
Association, whereby the companies reporting are each year reclassified according to the kind of gas they were distributing at the beginning of the year. A more complete
discussion of this procedure appeared in the 1936 Supplement, and will be reproduced in the 1938 Supplement.
Data for companies selling mixed manufactured and natural gas are included with those for manufactured gas. Figures for natural gas do not include natural gas used
in field operations and in the manufacture of carbon black, or gas used by distributing companies in the conduct of their gas operations.
17
SURVEY OF CURRENT BUSINESS
September 1938
Table 68.—NATURAL GAS
Total
Industrial
Domestic and commercial
Thousands
Total
Industrial
Domestic and commercial
Total
Industrial
Domestic and commercial
Thousands of dollars
Millions of cubic feet
1929
January
February
March
April
May
June
July
August
September
October
November
December
Revenue from Sales to
Consumers
Sales to Consumers
Customers
Year and month
1
59, 302
63, 482
42,496
43, 543
38,194
31, 947
29, 478
25, 288
21,098
20, 799
21,697
25, 587
33, 331
40, 625
27,499
28, 209
24,129
19, 272
17, 298
14,082
10, 778
10,179
11,022
13, 705
19,871
25, 725
14,804
15,143
13, 930
12, 501
11,984
11,028
10,148
10,442
10,513
11. 664
13,190
14, 624
5,657
5,650
5,623
5,637
5,630
5,616
5,609
5,616
5,658
5,780
5,835
5,848
5,328
5,319
5,290
5,297
5,290
5 279
5^276
5,284
5,323
5,431
5,485
5,495
328
330
331
339
339
336
332
331
334
347
348
351
102, 705
106, 564
94,987
81, 630
77, 375
68, 569
60, 455
62, 039
63, 325
75, 000
91,128
105, 673
43, 497
45, 269
38, 014
29, 054
25, 710
20,027
14, 376
13, 240
14,711
19, 459
30, 291
40, 689
58, 405
60, 541
56, 324
51,741
50, 688
47, 686
45, 205
47,843
47, 721
54,475
68,160
64,096
4,047
989, 449
334, 336
643,412
374, 082
221, 769
149, 969
5, 680
5, 341
337
82, 454
27, 861
53, 618
31,174
18, 481
12, 497
6,140
6,132
6,125
6,088
6,103
6,066
6,045
5,993
6,045
6,103
6,161
6,176
5,767
5,760
5,751
5,718
5,737
5,706
5,688
5,639
5,690
5,740
5,787
5,795
371
370
372
369
364
358
355
352
353
360
372
378
113,878
111, 308
98, 457
94, 206
75, 227
68, 208
59, 904
58, 718
60,893
68, 999
83, 332
95, 392
47, 734
47, 214
38, 298
34, 933
25, 081
20,190
14, 952
13, 460
14, 778
19,531
30, 979
39, 755
65, 059
62, 975
59.318
58, 398
49, 275
47,191
43,911
44, 375
45, 344
48,720
51, 710
54. 953
46, 596
45, 675
39, 304
36, 847
29,439
25, 639
21,494
20, 381
21, 379
24, 949
32, 855
39, 265
30, 617
29, 956
24, 909
22, 998
17, 644
14, 790
11, 723
10, 780
11, 558
14,271
20, 757
25,876
15, 743
15, 422
14,210
13, 659
11, 624
10, 686
9.603
9,410
9,647
10, 538
11, 962
13, 236
Total
73,176
68, 776
4,373
988, 522
346, 904
631,229
383,824
235, 877
145, 746
Monthly average
6,098
5,731
364
82, 377
28, 909
52, 602
31,985
19, 656
12,145
6,196
6,240
6,224
6,207
6,217
6.150
6,115
6.092
6,108
6,113
6,170
6,175
5,761
5,783
5, 768
5, 753
5, 762
5,718
5,686
5. 670
5,688
5,694
5,739
5,732
432
454
453
452
453
436
426
420
419
418
430
441
106, 550
94, 671
92.041
88, 505
72, 908
61, 935
55, 225
53, 230
56,948
63, 295
73. 905
87, 598
49, 203
41,630
39, 389
35. 994
28. 252
20, 34C
14, 533
13,481
14,941
18, 235
26, 622
36, 944
56 758
52! 462
51, 506
51, 802
43. 916
40,929
39, 931
39,017
41,141
44, 216
46,510
49,381
46, 434
40, 570
38, 932
36, 237
30,118
24,182
20,176
19,156
20. 212
22, 871
28,807
36,491
32, 204
27, 435
25, 994
23, 846
19, 643
15,039
11, 592
10, 955
11, 758
13. 835
18, 723
25,074
Total
74,013
68, 753
5,234
906,810
339, 562
557, 569
364,186
236,098
Monthly average
6,168
5,729
436
75, 568
28, 297
46,464
30, 349
19,675
6,124
6,078
5,999
5,994
6.027
6,077
6,124
6,082
5,767
5,749
5,741
5,713
5, 686
5, 653
5, 586
5,587
5,615
5,644
5, 669
5, 628
458
459
461
450
436
424
411
406
410
431
453
452
91, 927
88, 680
85,183
76, 773
63, 700
57, 205
49,128
49, 294
52. 375
58,787
72, 942
86, 681
41, 776
40, 818
38, 644
33, 274
24, 037
17. 612
13, 968
12, 945
14, 000
18,315
26, 722
37, 525
49, 305
47,142
45, 484
42, 568
39,111
39, 094
34,663
35,817
37.991
39,515
45,180
48, 050
40, 204
39,182
37. 512
33, 015
26, 439
21. 771
18,535
18, 058
19,182
22, 453
28. 722
35, 638
28,107
27, 405
25, 956
22, 717
17, 643
13, 748
11,438
10,849
11,483
13, 974
18, 708
24, 461
Total
73, 313
68, 037
5,252
832, 674
319, 636
503, 920
340,711
226, 488
Monthly average
6,109
5, 670
438
69, 390
26, 636
41.993
28, 393
18, 874
Total
Monthly average
1930
January
February
March
April
May
June
July
August
September
October.
November
December
...
1931
January
February
March
April
May
June
July
August
September
October
November
December
January
February
March
April
May
June
July
August
September
October
November
December
.
1933
~
6,227
6, 210
6,204
6, lf>5
.
.
i See footnote 1 on p. 16.
91360—38
3
„
18
SURVEY OF CURRENT BUSINESS
September 1938
Table 69.—WHOLESALE PRICE OF CALVES
[Dollars per 100 pounds]
Month
January
February
March
.
April
May
.
June
July
. _August
September .
October
November
December _ __
1914
1913
_ _ _ _ _.
_ _
-
_- --
-_
-
__ .
1915
1916
1917
1918
1920
1919
1923
1922
1921
1925
1924
10.16
9.63
10.16
8.18
8.51
9.50
10.03
10.36
11.18
10.25
10.22
10.16
10.81
9.91
9.01
8.83
9.41
9.24
9.91
10.68
11.13
10.38
10.02
8.53
9.72
9.66
9.26
7.72
8.34
9.16
9.49
10.87
10.39
10.63
9.63
9.13
9.75
10.19
9.81
8.75
9.42
10.88
11. 13
11.63
12.00
11. 10
11.91
11. 06
13.36
12.33
12.72
12.05
13.53
14.22
13.63
13.91
15.59
15.23
12.38
14.55
14.84
13.53
15.06
14.19
13.34
15. 13
16.31
16.94
18.40
16 50
16.79
13.88
15.59
15.06
16.88
15. 19
14.56
16. 56
17.60
19 34
20.25
17 16
17.25
15.73
17. 19
16 16
16.13
12 58
11.23
13 19
13.25
15 20
16.78
14 84
13. 60
9.47
10.70
9 81
9.94
7 16
7. 75
8 47
9.78
9 25
12.41
10 68
8.81
8.34
9.20
10 63
8.56
7 63
8.68
9 16
9.08
10 91
12.19
10 53
9.25
9.28
10.33
11 38
9 63
8 15
9 09
9 09
10.35
11 16
11.75
11 00
8 59
9.63
11 28
10 69
9 84
8 88
8 88
9 15
10 25
11 06
11 75
10 13
8 69
9.73
10 47
12 06
11 35
8 63
9 03
9 75
11 47
12 50
12 50
11 84
10 60
10.94
9.88
9.81
9.50
10. 59
13 64
15.62
16 81
14 16
9 44
9 57
10 00
10 04
10 91
Annual average
1926
1927
1829
1928
1930
1931
1932
1936
1935
1934
1933
January.
_.
___
February
March _ _ _ _
April
May _
_ _ _
June
July
_
_
August
September ..
_
October
.
November
December. .
_
12.78
12. 25
12.38
9.91
11.06
11. 78
12.75
13. 13
13.75
13.13
11.25
11.47
12.58
12.50
11. 59
11.03
11.00
11 84
13.03
13.90
14.91
14. 15
13.25
12.53
12.93
15.28
13.44
12.75
14.13
13.16
14.93
16.31
17.13
14. 65
13.94
14.28
15.56
14.44
15. 53
14.35
13.25
14. 19
15.85
15. 75
16.30
13.50
13. 69
13. 93
14.25
13.94
12.33
10.06
10.00
10 63
11.19
11 38
11.53
11.44
9.50
9.30
10.22
9.09
8.23
8.03
8. 13
8. 18
7.53
9.00
9.19
7.75
6.35
6.13
7.13
7.45
6.47
5 56
5.68
6 09
5.72
6 48
6.72
5.30
4. 72
4.88
5.38
6 41
5.88
5 09
5.60
5 19
5. 75
6 66
7. 16
6.25
5.03
5.03
5.90
6 44
6.09
5 78
5.78
4 81
5.08
5 91
7.31
6.80
5. 78
5.88
8.31
8 03
8.78
8 58
8 59
8 53
7.83
9 09
9.73
9.59
9.47
10. 20
Annual average
12 14
12 71
14 36
14 73
11 27
8 14
6 03
5 78
5 96
8 91
193S
1937
10. 72
10 69
8.83
8 78
9. 13
8 95
8.13
8 18
9.72
9.56
8 75
10.06
11. 53
9 81
9 45
9 31
9 40
9 34
9 75
11 23
11 81
10.78
10 38
10. 88
Q 94
10 9(3
10
10
9
9
9
8
9
90
53
63
50
13
78
25
1
i Compiled by the U. S. Department of Labor, Bureau of Labor Statistics, and represent the average wholesale price of calves, good to choice vealers, live weight, price per
100 pounds at Chicago. The monthly price represents the average of Monday closing quotations within the month; annual figures represent the average of Monday quotations.
Table 70.—WHOLESALE PRICE OF GUM ROSIN, GRADE H, SAVANNAH 1
[Dollars per barrel (280 pounds)]
Month
January
February
March
April
May
June
July
August
September
October
November
December
_- _
- _
Annual average
1
1919
1920
1921
1922
1923
1924
1925
1926
1928
1929
1930
1931
1932
1933
1934
1935
1938
13.29
13 30
13 30
12 35
11.23
13 59
16 05
18.42
17. 69
16.50
17.09
16.41
17.84
17 36
17. 71
17 40
17.65
16 80
15. 14
13. 62
11.90
31.15
11.25
11.00
11.00
11 00
6.80
3 82
4.32
3 74
3.73
3.82
4.34
4.31
4.32
4.00
4.07
4 06
4.04
4 10
4.48
4 84
4.08
5.08
5.34
5.66
5.39
4.94
4.91
4 87
5.05
5 05
4.78
4 78
4.71
4.61
4.58
4.49
4.34
4.31
4.52
4 61
4.64
4 72
4.84
4 61
4.63
4.87
5.08
5.50
6.35
6.34
7.02
7 03
7.05
7 38
9.04
8 38
13.43 11 21
13.08 11 36
11.51 10.38
11.53 9. 51
10.11 8.92
11 91 8 28
12.90 8.25
14.06 8.80
13.78 8.36
12.59 7.54
11.36 6. 64
10.79 7.33
8.42
8 26
8.53
8 23
7.59
8 04
8.32
8.19
7.83
7.95
8.28
8.22
8.23
8 09
8.08
7 36
7.23
7 16
7.36
7.33
7.78
8.00
7.51
7.14
7.30
7 36
7.18
6 «0
6.06
5 58
4.68
4.20
4.59
4.20
4.27
4. 15
3.97
4 25
4.67
4 81
4.79
5 08
3.08
2.85
2.77
2.57
2.83
2.61
2. r>8
2 61
2 82
2 78
2.65
2 39
2. 19
2.40
2.91
2.72
2.55
2.51
2.71
2 77
2.81
2 70
3 41
3 47
4 04
3 "8
3.86
3.78
3.81
3.70
4. 11
5 08
4.98
5 06
4. 72
4 45
4.20
4.26
4.29
4.41
4 43
4.47
4.63
4 69
4 61
4 39
4 50
4 36
4.28
3.93
4. 11
4.57
4.53
4.32
4.36 10 16
4 43 9 78
4 51 9.02
4 40 8 06
4 24 8. 28
4 50 7 99
5 30 7.84
5.99 7.82
5.99 7.80
6.04 7.31
7. 10 6. 15
9. 10 5.49
9.78
12.85
14. 33
14. 19
12.67
14. 64
14.90
5.39
4. 76
4.71
5.08
9.90
12.25
8.15
7.61
5.49
3.70
2.60
3.27
4.52
4.41
5.54
1927
8.87
1937
1938
5
5
4
4
4
4
4
87
38
77
73
34
44
61
7.96
See footnote 1, table 71.
Table 71.—WHOLESALE PRICE OF GUM SPIRITS OF TURPENTINE, SAVANNAH
[Dollars per gallon]
Month
January
February
March
April
May
June
July
August
September
October
November
December
Annual average
1926
.
.
_
__
.
_. _
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
.83
.80
0.75
.69
.68
.61
.56
.51
.50
.52
.49
.47
.44
.48
0.54
55
.55
.53
.48
.51
.50
.47
.46
.48
.54
.55
0. 56
.53
.53
.49
.49
. 47
.47
.46
.50
.51
.48
.48
0.50
.50
.51
.48
.43
.42
.38
.36
.38
35
.37
.36
0.38
.40
.48
.50
.49
.50
.33
.31
.32
.31
.35
.34
0.35
34
.40
.40
.39
38
.36
37
.41
41
.40
.37
0.40
.40
.40
.38
.42
41
.37
43
.42
41
.42
.42
0.47
. 57
.54
.54
.51
46
.43
41
.41
46
.48
.47
0.49
.00
.50
.47
.47
45
.43
38
.40
45
45
.44
0.45
.44
.39
37
.36
36
.36
38
.37
36
.38
.42
0.43
.42
.38
.36
.36
34
.34
32
.30
27
!27
.26
.85
.56
.51
.50
.42
.39
.38
.41
.48
.45
.39
.34
0.99
.93
.93
.92
.80
.80
.81
.88
.86
§4
1938
0.29
26
9
6
23
.23
23
.23
1
Price data are from the U. S. Department of Labor, Bureau of Labor Statistics. The gum rosin price is the weekly average price for grade H, per barrel of 280 pounds gross,
at Savannah. The gum turpentine price is the weekly average price per gallon at Savannah.
These series replace those previously shown in the SURVEY and in the 1932 and 1936 SUPPLEMENTS, which were for prices at New York of gum turpentine and grade B
gum rosin. Grade B rosin accounts for less than 2 percent of all gum rosin sold, and its price fluctuations differ from those of more representative grades. Grade H rosin is
the grade sold in greatest volume.
The gum turpentine series for Savannah has been substituted for the New York series because of the change in the rosin series and also because the Savannah market
price is considered the basic price for the product. The Savannah turpentine series is not available prior to 1926. To determine price trends for the years 1913-25 the monthly
averages for those years in the old series may be used as shown on p. 78 of the 1936 SUPPLEMENT. The differences between the 2 series represent in most instances the relatively
constant costs of transportation and handling. For 1926-30 the New York price averaged approximately 6 cents per gallon higher.
September 1938
SURVEY OF CURRENT
19
BUSINESS
Table 72.—CORPORATION EARNINGS—STANDARD STATISTICS CO., INC.1
[Quarterly average 1926=100]
Industrials, rails, and utilities (161)
Year
March June
Industrials (120)
Public utilities (15)
Railroads (26)
SepDe- QuarSepDe- QuarSepDe- QuarSepDe- Quarterly March June temterly March June temterly March June temterly
cem- avertem- cem- avercem- avercem- averber
ber
ber
ber
ber
ber
ber
ber
age
age
age
age
WITHOUT ADJUSTMENT FOR SEASONAL VARIATION
1924
1925
1926
1927
1928 .
1929
1P30
1931
1932
1933—.
1934
1935
1936
1937
1938
58.2
71.1
56.4
85.2
91.2
70.9
91.1 100.3 110.2
92.6 102.2 100.2
99.9 117.6 128.0
126.1 150.9 150.5
99.3 105.1
83.8
53.4
61.3
44.8
15.3
4.9
21.5
d
1.4
34.4
50.1
51.1
39.6
33.4
44 4
55 6
49 8
93.5
82.9
64.9
97.3
94.8 109.9
34 5 *>38 4 p 4 2 7
65.8
87.9
9S.-4
86.8
124.5
119.3
63.1
20.9
2.5
33.2
27.0
78 0
112.2
77.7
74,?
51.4
58.1
70.2
88.1
89.0
93.4 103.7 110.1
92.9 106.1
98.9
100.9 124.4 132.8
130.7 162.0 154.8
100.7 106.8
76.8
43.1
54.2 d36.2
5.9
8.0
6.0
d
13.4
46.7
29.0
35.5
55.2
35.3
46 9
62 6
54 9
89.2
71.0 108.1
103.6 127.8 111.4
36.6 P 41 6 p41. 6
62.9
83.8
100.0
95.5
117.5
136.7
87.8
45.1
11.1
29.1
37.8
57 0
88.4
94.9
57.9
83.0
92.7
78.4
119.2
109.0
46.1
2.9
d
14.4
25.1
20.0
81 3
114.6
81.4
60.4
53.3
58.5
82.6
67.2
100.0
94.1
72.4
70.2
119.3
139.1
82.7
56.2
82.6
34.1
16.6
d
1.6 *11.
2
21.9 d 40.
5
36.5 d d 3 . 5
61 4 d 19 7
95.7 !0. 1
106.1 d 15.7
51.7
49.7
73.4
90.2
81.0
84.5
112.6
74.6
29.0
d
23.
1
d
O. 7
*1.2
d7 5
9 3
8.7
d
33 6
77.5
114.7
130.8
112.9
122.1
153.6
89.9
27.4
d
!6.4
24.7
d
!3.
1
d
53
29.7
17.7
P2 1
88.5
97.5
111.8
96.8
132.0
128. 8
74.3
10.6
1.4
2.0
d
5.8
31 5
55.0
2.7
67.3
86.0
100.0
90.8
102.2
119.4
73.8
20.9
d
!2.
3
d
3.6
<*5.9
d
O 3
21.0
11.2
73.7
67.0
59.8
87.2
82.6
77.8
103.7
94.3
89.3
93.3
111.8 104.9
125.3 117.9 110.2
149.8 135. 2 125. 5
136.5 127.4 111.7
141.3 129.1 104.5
121.3 100.0
79.7
97.5
96.7
92.3
84.5
104.4
70.9
96 5
86 2
80 7
111.5 107.4 106.5
132.4 125.1 109.7
112 1 plOl 4 »89 0
81.3
101.6
112.7
117.4
142.4
159.8
135.3
119.5
86.4
104.8
94.8
108 8
158.4
135.9
67.5
68.4
69.5
79.9
84.4
90.5
96 2 103 9
95 0
102 4 107 1 108 6
114.8 120.4 128.2
137.2 138.1 146.1
125.1 130.1 129.9
129.4 131.8 121.6
92 7
111 1 102.1
98.7 107.4
89.3
82 5
95 6
86 3
88.4
93.9
88.0
102 2 109 6 123 9
121.3 127.7 127.7
102 0 P102 9 pl03 1
75.6
94 4
104 8
109 2
132.4
148.5
125 7
111.1
80 3
97.4
88 1
101. 1
147 2
126.3
70.5
87.3
100.0
106 9
124.0
142.6
127.7
123. 6
96.9
97.8
88.7
93 1
121.0
125. 8
WITH ADJUSTMENT FOR SEASONAL VARIATION
1924
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
76.6
54.6
53.0
85 3
76 4
79 6
97 9
93 8 103 2
95 4
94 4
99 6
107.0 109.5 120. 8
135.2 140. 2 141.6
105. 4
98.2
80.1
54.5
57.9
44.8
15 4
5 5
20
7
d
32.4
49.4
0.7
39 9
47 1
32 8
51.1
45.8
49.0
85 5
66 9
80 6
100.4
94.5
98.6
36 5 p 36 9 p 42 9
66.1
48.2
51.6
94.7
78 3
83.4
92 1 103 2 105 8
94 2
92 7
89 4
110.6 124. 5 135.9
143.9 145.2 124.3
52.5
94.9
72.0
48.1 d33.9
3.2
5.4
6 3 d 12 7
28.6
25.8
43.8
49 1
33 2
22 8
55.6
51.5
92.7
96 0
83 6 130. 7
109.6 113. 5 104. 4
92.8
88 7 p 3(5 9 »39 0
69.7
93.9
105 1
92 2
133.3
126.9
65.4
19.8
2 7
34.7
27 9
84.6
121 3
84.5
76.1
83 6
96 1
103 5
100.4
118.2
80.3
23.6
d
8.7
d
31.5
d
2. 7
d
14.9
d
7.8
22.4
d
40 2
78.5
74.2
98 8
98 3
106.7
138. 2
106.5
45.6
8.4
d
12.6
37.4
49.7
55.0
81.2
99 6
89 6
93.5
124.5
82.8
32.1
d
21.4
d
0.7
d
1.1
d
7. 0
10.2
9.6
d
29 2
60.4
89 4
101 9
88 1
95.3
119. 9
70.1
21.4
d
23 3
19.3
d
18 5
d
7. 6
23 1
13.8
P1 6
81.1
89 4
102 4
88 7
121.0
118.0
68.0
9.7
1.9
6 5
28.9
50 4
2.5
d
1
The indexes of corporate earnings are compiled by Standard Statistics Co., Inc., and for the full period are based on the aggregate quarterly net income, after fixed charges
([. e., the amount available for payment on the companies' preferred and common stock) for 120 industrial corporations, 26 railroads, and 15 utilities. For the indexes without
seasonal adjustment, the quarterly figures are aggregates of the groups stated as percentages of the 1926 average.
Seasonal corrections used are derived from link relatives covering the period 1924-29; data since 1929 were not considered satisfactory for the computation of normal seasonal
correctives. In correcting negative values the converse of the correction for positive values is used.
The 2 composite indexes (unadjusted and adjusted) are derived from weighted totals of the dollar values of the 3 individual groups; the weights approximate the dollar
distribution
of income of industrials, rails, and utilities for the years 1924-29 as reported in "Statistics of Income," compiled by the U. S. Treasury Department.
d
Deficit.
p Preliminary.
Table 73.—AVERAGE CLOSING PRICE OF 65 INDUSTRIAL, RAILROAD, AND UTILITY STOCKS '
[Dollars]
Month
January
February
March
April
May
June._
. ._
July
August
September
October
.
November
December. ___ _.
_ ____ _
Monthly average
1
.
_ . _ ___
___ _ _ _ _ _ _
.
.
_ _
_
1929
1930
123 09
125. 40
124 69
122 91
122 59
124. 91
137. 00
143 93
147 78
130. 77
98 39
103. 72
104 65
109. 20
111 89
114 63
107 35
97.02
95 45
93 39
93 41
80.45
73 01
67.20
69. 40
74.04
73.20
65 24
58 24
56.41
58.22
54. 65
46 18
40. 14
39.22
30. 65
30.62
30.57
29.22
22 51
19 51
19.50
19.63
30.09
34 21
29.28
28.59
27.45
28 97
26.06
25 90
27 49
35 50
41.75
45. 23
43 36
42 47
37.85
38 24
39.20
41 68
45. 10
42 68
43 41
39 07
39.79
37.88
35 47
34 93
35.79
36 80
37.26
37. 14
36.09
34. 15
36 57
38 91
40. 63
42.56
44.96
46 05
46.46
49 81
50.31
52.68
55.85
56 52
56 17
53 49
56. 12
59.60
61 12
61 97
64.54
65 45
64.22
65. 73
66.95
67. 71
64 47
62 10
59.81
62.52
62 81
53 87
46.31
42.44
42.23
125. 43
95. 64
55.47
26.82
36.00
39 16
41. 97
58.98
58. 08
1931
1932
1933
1934
1935
1936
1937
1938
42 26
40.92
37 86
35 57
36 38
38.73
46 05
Compiled by Dow, Jones & Co., Inc. These data represent a combination of the 3 averages for 30 industrial, 20 railroad, and 15 utility company stocks which have
been shown regularly in the SURVEY. Prior to June 1938, 20 utility company stocks were included. The combined average is available only since 1929, at which time the
averages for the utilities were first compiled. For a detailed explanation of these data, together with daily and hourly indexes, see the Dow-Jonts Averages published by Barron's Book Department, 30 Kilby Street, Boston, Mass.
20
SURVEY OF CURRENT BUSINESS
Table 74.—NEWSPRINT
September 1938
1
[Short tons]
Month
1924
1933
1935
1936
1928
1927
1929
1930
1931
1933
1933
1934
1935
1936
151, 181
142, 883
157, 074
148, 351
152. 321
138, 478
124, 166
123, 873
127,417
144. 993
136, 949
132, 400
127, 446
116, 307
124, 088
132. 032
136, 175
131, 139
124. 787
127, 837
134, 298
152, 098
145, 440
148, 023
140, 955
135, 265
157, 592
160,815
163, 546
154. 482
141, 758
145, 095
151, 891
168, 372
161. 729
165. 046
157, 870
149, 197
172, 090
166, 122
171. 069
162, 206
144, 877
148, 142
160, 549
179, 821
175, 961
186, 007
161, 185
160, 088
184, 997
183, 399
192,453
178. 751
160, 958
168, 289
175, 801
203, 198
210, 097
197, 725
1937
CONSUMPTION BY PUBLISHEES
January
February
March
April
_ __
May
June
July
August
September
October
November
December
127, 612
118,711
117, 016
123, 081
138, 854
134. 234
137, 322
-
Total
-
129, 290
128, 438
145, 159
145, 797
144, 579
139, 426
120, 582
120, £64
131, £84
147, 448
145, 363
143, 712
139, 039
131, 242
153, 322
151, 462
155, 844
141, 083
130, 986
135, 0£4
145, 082
167, 515
163, 935
160, 799
158, 419
147, 477
170, 228
172, 670
176, 893
161, 156
147, 584
151, 144
163, 089
186, 860
172, 132
172, 537
168, 241
156, 621
176, 356
186, 138
186, 268
169, 536
157, 325
154, 167
169, 286
184, 805
173, 853
182, 027
172, 952
162, 573
186, 232
181,112
186, 641
171,231
152, 763
162, 184
169. 625
189, 240
194, 368
185. 121
183, 502
170, 864
199, 827
189, 986
200, 826
192, 806
163, 304
172, 239
193. 033
207, 218
193, 202
194, 377
176, 162
171, 889
188, 637
190, 936
193, 998
178. 153
154, 159
157, 426
163. 885
183, 388
173, 302
166, 192
160, 660
150, 403
180, 337
174,325
179, 836
161, 585
147, 993
146, 249
152, 413
173. 852
163, 424
159,711
183, 106
175, 617
199, 057
199, 355
206, 695
189, 297
170, 455
173, 338
183, 360
208, 278
180, 473
187, 048
896, 830 1, 641, 942 1, 775, 463 1,980,189 2, 064, 623 2, 114, 042 2, 261, 184 2, 098, 127 1, 950, 788 1, 680, 086 1, 599, 670 1, 846T 546 1, 973, 911 2, 176, 941 2, 256, 079
Monthly average
2 128, 119
136, 829
147, 955
165, 016
172, 052
176, 170
188, 432
174, 844
162, 566
140, 007
133, 306
153, 879
164,493
181,412
188, 007
STOCKS AT PUBLISHERS
Januarv
February
March
April
150, 364
166, 553
187, 590
191, 021
190, 968
186, 720
184, 709
183, 229
179, 945
176, 694
166,675
166, 068
161,931
178, 324
189, 097
196, 716
187, 158
169, 398
167, 044
164, 845
164, 399
156, 946
154,912
139, 465
151, 083
166, 368
167, 119
159, 926
144. 327
131,577
132, 156
149, 138
154, 629
157, 54?
155, 634
140, 113
160. 275
187, 675
207, 046
216,295
209, 527
222, 865
229, 523
232, 944
224, 898
227, 498
215, 329
193, 083
196, 897
206, 027
231,911
225,311
214, 874
215,001
218, 163
206, 696
213, 487
206, 366
188, 474
184, 727
187, 027
190, 625
209. 044
191, 189
189, 575
187, 223
194, 928
197,401
188, 713
174, 797
166, 089
154. 894
161,118
191, 681
205, 581
190. 352
188, 046
198,414
220. 024
239, 151
232, 896
218, 265
204, 526
205, 849
207. 079
228, 168
233, 830
222, 475
218, 375
203, 867
223, 679
217, 828
211,142
190, 728
185, 560
178, 380
189, 990
203, 985
202. 172
197, 754
190, 259
187.811
195, 658
192, 659
191, 464
175, 151
188, 224
182, 126
185, 679
182, 754
188, 391
181, 585
165, 666
173, 725
172, 163
166, 941
157, 461
149. 898
139, 577
137, 470
135,315
156, 326
170,419
177, 667
178, 175
185, 099
199, 818
209, 270
194, 389
191,688
202, 558
216, 104
241, 237
253, 643
270, 920
243, 222
236, 942
244, 473
277, 216
261, 715
240, 681
210, 5£9
203, 852
204, Oil
211,494
223, 839
232, 803
219, 488
222, 263
222, 726
240, 992
238, 309
219, 685
2C2, 838
189, 054
191, 162
193, 761
201, 731
220, 145
232, 204
236, 743
214, 568
251.091
257, 241
243, 951
246, 873
258, 740
278, 820
298, 597
344, 147
380, 070
421,765
450, 761
492, 150
543, 861
179, 704
176, 857
152, 760
182, 522
216, 828
195, 780
186, 426
219, 847
195, 939
181, 632
162, 847
231, 805
224, 535
215, 941
351,415
. __
- - -
Mav
June _.
July
August
September
October November
December
_ _ _ _ _
2
Monthly average
STOCKS IN TRANSIT TO PUBLISHERS
January
February
March
April
May
June
July
September
October
November
December
Monthly average
35, 563
31, 153
35 578
32. 707
31, 373
33, 782
26, 159
38, 873
38, 849
31,513
31, 302
32. 240
32, 435
32, 984
36, 143
30, 058
33. 575
36, 394
32, 935
31, 726
33, 667
33, 898
30, 032
35, 617
31, 522
29, 361
30, 233
31,054
33. 261
34, 644
31,458
46, 235
47, 349
45, 593
42,818
46. 006
42.711
42, 730
47, 881
49.419
55,913
48, 050
50, 939
43, 624
48, 243
42. 991
40, 798
43, 887
40, 783
40,419
40.916
45, 553
45, 789
46, 201
46, 708
48,616
49, 250
41, 613
43, 343
46, 538
42,719
44, 641
39, 744
48, 229
45, 289
53, 674
52, 624
46, 015
48, 249
46. 180
46, 724
51, 425
48, 769
44, 781
45, 357
52, 535
51, 722
61, 525
58, 524
49, 863
48, 881
44. 359
46, 822
48, 426
38, 030
34, 529
40, 592
43, 097
42, 057
52, 357
40, 833
39, 010
39, 486
44,011
45, 352
44, 803
39, 041
34, 556
30, 905
34,411
38. 017
42, 189
40, 495
37, 639
38, 919
34, 570
33, 476
31, 692
25, 361
28, 561
23. 195
26, 159
29. 608
28, 908
24. 249
24, 631
27, 592
23. 823
27,216
24. 290
24. 051
26, 078
31.109
34,214
36, 679
40, 771
37, 584
34, 737
38, 345
45, 808
43, 432
46, 200
28, 900
28. 412
27, 920
42, 714
33, 717
35, 391
46, 237
38, 755
34, 395
32, 653
33, 434
37, 743
31,222
29, 119
26, 171
39, 165
33. 962
41, 650
54, 320
35, 319
39, 519
40, 924
48, 663
45, 868
40, 553
48, 099
42, 309
42, 881
42, 106
56, 425
54, 294
49, 013
54, 013
57, 071
59, 427
49, 612
50, 550
52, 964
55, 769
59, 489
57, 357
62, 852
69, 545
2 32, 331
33, 942
32, 206
47, 137
43, 826
46, 357
50, 151
44, 154
39, 356
30, 195
29, 837
37, 651
36, 049
44, 747
56, 472
1
Compiled by the American Newspaper Publishers' Association from the reports of 422 publishers from June 1923 through October 1926, 423 in November and December
1926, 445 from January 1927 through December 1930, and 434 subsequently. According to the association, these publishers currently account for approximately 80 percent of
all newsprint consumed. Owing to the changes in the number of publishers reporting, the consumption figures have been adjusted to the total for 422 newspapers reporting
from June 1923 through October 1926 by the use of year-to-year link relatives for identical publishers. This results in monthly figures which are considerably smaller than
those reported currently for 434 newspapers, but over a period of years there is no evidence of bias.
For publishers' stocks and stocks in transit, year-to-year percentage changes for identical publishers are not available. Hence, the figures given here are those reported
for publishers varying in number as indicated in the preceding paragraph.
For newsprint consumption, the revisions shown here were occasioned by errors in computations which have resulted in distortion of the figures for certain months of
each year. Revisions in stocks at publishers and in transit to publishers are minor.
For
1938 data, see p. 52.
2
Average of 7 months, June-December.
Table 75.—GAS AND FUEL OILS: CONSUMPTION BY ELECTRIC POWER PLANTS1
[Thousands of barrels]
Month
January
February
March
April
May
June
July
August
September
October
November
December
_
Total
Monthly average.
1920
1921
1922
1923
1924
1925
1926
920
822
814
747
111
775
955
1,053
1,049
922
816
817
897
781
851
843
852
916
1,028
1,165
1,180
1,194
1,147
1,192
1,107
998
950
824
856
920
1,037
1,314
1,365
1,306
1,240
1,307
1, 257
1, 158
1,151
981
1, 012
1, 036
1, 175
1, 353
1,322
1, 376
1,378
1,482
1,619
1,444
1,543
1,229
1,210
1,344
1, 433
1,512
1, 389
1, 406
1,140
1,375
1, 375
993
834
699
677
797
853
761
814
855
791
815
1, 024
731
10, 466
12,046
13, 224
14, 681
16, 643
872
1,004
1,102
1,223
1,387
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
646
616
625
705
764
915
916
958
801
823
671
639
548
489
476
475
499
504
508
502
650
595
549
613
537
487
499
555
613
612
620
629
847
945
872
756
647
603
616
707
798
819
1, 122
1,175
1,126
1,144
724
653
610
621
634
730
764
845
902
790
845
803
637
644
552
542
603
713
728
693
707
722
784
688
629
618
540
555
637
707
755
780
730
625
703
675
585
677
666
728
892
1,031
979
904
946
915
954
926
886
838
768
815
760
891
927
866
926
800
895
910
800
821
758
848
854
934
1,014
1,042
1,165
1,101
1,130
1,092
1,123
973
964
1, 015
1,156
1,228
1,312
1,261
1,264
1, 356
1,374
1,800
1,351
1,239
900
820
941
1,154
1.318
1,321
1,297
935
1,068
10, 264
9,430
6,784
7, 154
10, 185
9,263
8,129
7,967
9,953
10, 391
11,378
14, 119
14, 143
855
786
565
596
849
772
677
664
829
866
948
1,177
1,179
1
Compiled by the Federal Power Commission. The revision was occasioned by the installation of a new system of accounts by the Commission which resulted in the
reclassification of certain items and the elimination of gas and fuel oil consumption by certain manufacturing plants which formerly produced some electric energy for public
use but no longer produce any except for their own use.
Gas and fuel oil consumption by the following types of plants is included: Privately and municipally owned electric utilities (formerly referred to as central stations);
Bureau of Reclamation plants; Public Works plants; electric railway plants; plants operated by steam railroads generating electricity for traction; and gas and fuel oil used in
the production of electricity by manufacturing plants which is sold. Beginning in January 1937, the Commission segregated the figures for electric railway plants, plants
operated by steam railroads generating electricity for traction, and certain Federal, State, and other plants; in order to present a comparable series, total consumption as
shown here is for all types of plants.
For 1938 figures see p. 45?
SURVEY OF CURRENT BUSINESS
September 1938
21
WEEKLY BUSINESS INDICATORS'
[Weekly average, 1923-25 = 100]
1938
ITEM
1938
1936
1937
ITEM
Aug. Aug. Aug. Aug. July Aug. Aug. Aug. Aug.
30
29
28
27 20 13
6
22
21
Business activity :1<?
New York Times§
Barren's
Business Week§ __ _
Finance— Continued.
Banking:
Debits, outside N. Y. O.t
Federal Reserve reporting
member banks:
Loans, total
Interest rates:
Call loanst
Time loanst
Currency in circulation^
Production:
Automobiles
Bituminous coalt
Cotton consuniDtion^
Electric power!
Lumber
Petroleum!
Steel ingots*©
Receipts, primary markets:
Cattle and calves. _ . _
. __
Hogs
Cotton
Wheat
84.4 83.9 83.3 81.7 109.4 109.9 102.7 103.5
79 9 75 6 72 6 75.2 111.3 112.2 98.9 101. 5
62.6 62.3 62.0 62.3 61.6 78.7 78.5 77.4 77.5
Commodity prices, wholesale:
Dept. of Labor, 1926 = 100:
Combined index (813)
Farm products (67)
Food (122)
All other (624) _
Fisher's index, 1926=100:
* Combined index (120)
Copper, electrolytic!
Cotton, middling, spot _
p
!^
Construction contracts^
Distribution*1Carloadings
Employment Detroit factory
Finance:
Failures, commercial
Bond yieldsj*
Stock -prices £
77.8
67.3
73.0
81.6
77.4
65.9
72.0
81.6
77.9
67.0
72.2
81.8
78.4
68.7
73.5
81.7
78.6
68.6
74.1
81.6
86.5
85.0
85.3
85.8
87.3
87.1
86.8
85.9
81.2
83.3
82.5
79.7
81.5
84.6
82.8
79.7
80.4 79.9 80.2 81.0 81.6 91.7 91.9 83.8 84.1
71.7 71.7 71.7 71.7 70.3 100. 0 100.0 68.8 68.8
31.3 30.9 30.5 31.3 32.0 35.3 37.1 43.4 44.1
71 8 50 5
78.7 61.1 73.2 80.6 72.3
64.7 62.4 61.5 60.9 61.4 82.1 81.1 78.7 76.7
49.6
47 8 83 6
78 0
56.5 53.6 54 3 58. 5 53.8 38.1 39.1 33.9 33.2
70.9 71.2 70^9 70.9 71.2 67.6 67.1 68.6 66.7
104.1 101.0 101.9 103.2 103.4 131.8 136.2 134.2 133. 9
1936
1937
Aug. Aug. Aug. Aug. July Aug. Aug. Aug. Aug.
22
27~ 20
13
30
28
29
6
21
72.8 82.3 72.2 85.5 75.5 87.1 97.4 77.1 88.9
65.7 65.8 65.6 65.3 65.3 79.7 79.5 67.4 67.0
24.2 24 2 24.2 24.2 24.2 24.2 24.2 24.2 24.2
28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6 28.6
133.4 133. 7 133.4 133.3 132.5 134.0 134.1 127.7 127.6
i
24.5 31.4 18.1
62 1 61.4 58.7
118.5
128.1 128.4 128.1
49.3 48.3
162. 7 162.9 161.3
79 o 68.2 66.5
19.4
56.8
114.4
127.0
50.2
159. 3
67.2
39.8
57.7
112.1
125.7
50.8
159.2
62.5
109.2
78.4
122.6
137.8
55.5
179.8
137.6
122.3
75.0
131.3
138. 3
58.1
179.0
136.6
70.7
78.6
121.7
128.2
56.6
145.6
119.8
98.4
75.0
122.2
127.6
55.3
147. 4
119.3
74.9 76.5
31.1 38.6
61.5 57.3 36.9
187. 3 161 7 157.8
74.7 72.1
34.1 37.5
22 7 34.6
174! 4 235.3
87.3
31.1
109.6
150.1
104. 5
26.6
72.3
163.5
101.5
36.9
70.0
48.8
106.5
33.4
58.1
80. 6
•Data do not cover calendar weeks in all cases.
§Cornputed normal = 100.
{Daily average.
t Weekly average, 1928-30=100.
^Seasonally adjusted.
*NT<3vv series. For bond yields, see note marked with an "*" on p. 36. Steel ingots beginning Nov. 11, 1937, are based on data compiled by the American Iron and Steel
Institute instead of Dow, Jones & Co., Inc., as previously.
®Index for week ended Sept. 3, is 74.3.
c?For description of these indexes, see p. 4 of the Dec. 16, 1937 issue.
WEEKLY BUSINESS STATISTICS'
1938
ITEM
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York
dol. per lb_.
Cotton middling spot New York
do
Food index (Bradstreet's)
do
Iron and steel, composite
dol. per t o n _ _
Wheat, No. 2 hard winter (Kansas City). _dol. per bu_.
Banking:
FINANCE
Debits, New York City
mills, of dol__
"' Debits, outside of New York City
-do
Federal Reserve Banks:
Reserve bank credit total
- do
U. S Government securities
do
Member bank reserve balances
do
Excess reserves, estimated
do
Federal Reserve reporting member banks:
Deposits, demand adjusted
do _ _
Deposits time
do
Investments total
-do
U S Government direct obligations
do
Obligations fully guaranteed by U. S. Government
mills, of doL _
Loans total
-do
Commercial, industrial, and agricultural loans<[
mills, of doLInterest rates, call loans
_percent .
Interest rates, time loans
do
Exchange rates:
French franc (dailv av )
cents
Pound sterling (daily av.)
_..
dollars- _
Failures commercial
number
Currency in circulation _ _
mills, of dol. _
Security markets:
Bond sales (N. Y. 8. E.)
thous. of dol. par value..
Bond yields (Moodi/'s) (120 bonds)*
.. percent
Stock sales (N Y 8 E}
thous. of shares
Stock prices (N. Y. Times)
dol. per share-Stock prices (Standard Statistics) (420)
1926 = 100..
Industrials (348)
do
Public utilities (40)
do
Railroads (32)
do
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
Automobiles
_._ .
number. _
Bituminous coal (daily av.)
thous. of short tons...
Electric power
mills, of kw-hr._
Petroleum
thous. of bbl
Steel ingots*®
pet. of capacity..
Construction-contract awards (da. av.)---thous. of dol..
Distribution:
Freight-car loadings, total _
..
.cars .
Coal and coke
do
Forest products
do
Grains and grain products
do
Livestock
_
_ -do
Merchandise 1 c 1
do
Ore
do
Miscellaneous
_ __ _
-do
ReceiptsCattle and calves
-.
_ thousands .
Hogs
do
Cotton into sight
thous. of bales..
Wheat, at primary markets
thous. of bu_.
1935
1936
1937
July 30
July 23
Aug. 28
Aug. 21
Aug. 29
Aug. 22
0.099
.085
2.46
36.49
.67
0.097
.087
2.47
36.43
.68
0.095
.088
2.46
36.30
.70
0. 138
.096
2.87
40.36
1.08
0.138
.101
2.90
40. 36
1.09
0.095
.118
2.82
34.03
1.20
0. 095
. 120
2.85
33. 94
1.26
0. 083
. 103
2.74
32. 78
1.07
2,428
3,347
3,018
3,965
2,871
3,503
3,431
4,097
2, 805
4,037
3, 036
4,517
3,158
3,577
3,067
4,119
2, 983
3,097
2,587
2,564
8, 085
2,, 927
2,582
2,564
8,046
2,920
2,574
2,564
8,074
2,924
2,583
2,564
8,188
3,036
2,585
2,564
8,202
3,039
2,565
2,526
6,730
761
2, 565
2,526
6,744
782
2,465
2,430
6,332
1,892
2.457
2, 430
6,229
1, 813
2, 471
2,430
5.346
2,749
15,214
5,217
12, 496
7, 724
15, 020
5,215
12, 409
7,674
15, 009
5, 193
12,412
7,669
14, 951
5,193
12, 395
7,655
15, 160
5,200
12, 395
7,659
15, 127
5,208
12, 410
7,696
14,950
5, 282
12, 357
8,232
14, 930
5,227
12, 370
8,231
14,911
5, 028
13, 839
9,274
14, 794
5,014
13, 887
9,332
13, 283
4,839
12, 022
7,877
1, 653
8,217
1,628
8,223
1,650
8, 199
1,646
8,165
1,640
8,161
1,622
8,208
1,134
S, 958
1,139
9,933
1,233
8,425
1,232
8,369
1,035
7,817
3,890
1.00
1.25
3,900
1.00
1.25
3,889
1.00
1.25
3,865
1.00
1.25
3,869
1.00
1.25
3,878
1.00
1.25
4, 606
1.00
1.25
4,580
1.00
1.25
1.00
1,25
1.00
1.25
.25
.25
2.734
4.88
230
6,477
2.727
4.88
218
6,493
2.727
4.88
221
6,479
2.747
4.90
238
6,475
2.762
4.92
219
6,436
2.761
4.92
206
6,439
3.748
4.98
155
6,507
3.753
4.99
159
6,511
6.584
5.03
138
6, 200
6. 584
5.03
135
6,196
6.617
4.97
201
5, 590
26, 840
4.09
,707
101.11
90.5
109.2
75.6
28.2
23, 370
4. 11
3,322
98.08
87.9
106.0
73.9
26.9
28, 610
4.09
5, 524
98.96
90.3
108.9
75. 4
28.6
28, 650
4.09
4,830
100. 19
89.2
107. 7
74.9
27.3
40, 000
4.11
7,961
100. 37
88.9
106.9
75.5
27.9
50, 230
4.15
10,819
100. 89
90.7
108.6
77.8
29.4
35, 670
3.90
3,751
127. 95
118.1
140. 6
95.1
49.6
36, 270
3.87
3,821
132. 28
121.0
144. 4
96.5
50.6
47, 620
3.84
5, 843
130. 29
111.0
126.4
lOfi. 3
52.0
42, 590
3.85
5, 504
130. 08
113. 2
128.7
108.6
54.3
63, 960
4.41
7,197
102. 45
81.7
94.1
77.4
35.1
18, 700
1,058
2,134
3,389
42,8
23, 940
1,045
2, 139
3, 393
40.4
11, 536
13, 790
999
2,134
3, 360
39.4
8,104
14, 771
968
2,116
3,318
39.8
30, 390
983
2, 094
3, 316
37.0
12, 643
32, 070
975
2, 085
3, 349
36.4
8, 665
83, 310
1,336
2,295
3,746
83.8
9,811
93, 339
1, 278
2 304
3, 729
83.2
11,755
53, 937
1,339
2, 136
3. 032
72.5
12, 941
75, 082
1,278
2, 125
3,070
72.2
11,601
49. 115
1, 243
1, 810
2. 655
47.9
5,251
620, 511
109, 133
30 889
45, 389
13, 787
151, 000
25,517
244, 796
597, 918
100, 052
30, 025
45, 777
12, 059
149, 307
24, 962
235, 736
589, 561
95, 745
29, 724
47, 896
11,945
148, 536
24, 798
230, 917
584, 050
95, 414
28, 895
51, 519
11, 276
149, 243
22, 998
224, 705
588, 703
104, 152
27, 875
50.711
10, 828
147, 921
23, 082
224, 131
580. 882
97, 462
26, 777
53, 350
11,201
146, 216
22, 105
223, 771
783, 476
137, 868
38, 243
40, 638
13, 979
169, 524
72, 906
310,318
777, 150
125, 652
41,181
43, 379
15, 009
166, 967
74. 918
310, 044
754, 097
141, 096
36. 131
36, 536
15, 819
167, 213
55, 790
301, 512
735, 476
125, 398
37, 070
39, 790
15, 837
166, 046
54, 601
296, 734
680, 848
138, 581
31, 403
44, 576
14, 202
161, 133
36, 741
254, 212
160
14,899
237
202
149
12, 865
242
251
96
12, 551
236
221
59
13, 873
228
243
90
18, 717
234
222
76
22, 691
276
202
285
11,944
330
173
188
13, 006
321
239
182
3, 884
337
217
119
6,414
291
169
231
8, 644
Aug. 27
Aug. 20
Aug. 13
0. 099
.085
2.42
36. 50
.65
0.099
.084
2.41
36.49
.65
0.099
.083
2.44
36.51
.64
2,670
3,377
2,896
3,817
2,579
2,564
8,156
2,975
Aug. 6
•Data do not cover calendar weeks in all cases. *New series. See footnote marked with an "*" under "Weekly Business Indicators."
44.0.
Digitized for ^Break-down
FRASER of commercial, industrial, and agricultural loans is no longer available.
Aug. 31
<8>Rate for week ended Sept. 3 is
22
SURVEY OF CURRENT BUSINESS
September 1938
Monthly Business Statistics
The following table represents a continuation of the statistical series published in the 1936 Supplement to
the Survey of Current Business. That volume contains monthly data for the years 1932 to 1935, inclusive, and
monthly averages for earlier years back to 1913 insofar as available; it also provides a description of each series,
and references to sources of monthly figures prior to 1932. The 1936 supplement may be secured from the
Superintendent of Documents, Government Printing Office, Washington, D. C., for 35 cents per copy.
A few series have been added or revised since the 1936 Supplement went to press. These are indicated by
an asterisk (*) for the added series and by a dagger (f) for the revised series. A brief footnote accompanying
each of these series provides a reference to the source where the descriptive note may be found.
The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonal
variation. Data subsequent to July will be found in the Weekly Supplement to the SURVEY.
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may he found in the
1936 Supplement to the Survey.
July
1938
1937
1938
July
DecemOctober Novem| August September
ber
ber
January
February
March
April
May
June
BUSINESS INDEXES
INCOME PAYMENTS*
79.6
78.6
80.6
86.4
87.2
85.1
84.0
88.8
88.1
'78.3
80.7
81.7
79.1
Adjusted index
1929—100
74.4
79.7
90.6
' 75.0
90.8
82.7
88.5
^80.8
79.3
81.0
81.3
96.9
78.8
Unadjusted index
do
5,766
5,172
5,195
5,281
4,851
5,391
5,909
'
4,
886
5,299
6,315
5,917
'
5, 268
5,140
Total -. _
mills, of dol
Compensation of employees:
80.5
81.5
89.7
81.2
82.2
90.1
'
79.7
86.2
84.6
87.8
88.8
'
79.5
80.5
Adjusted index__
.1929=100
3, 457 ' 3, 459 ' 3, 463
3,887
3,789
3,429 ' 3, 436 3,444
3,726
3,763
3,843
3,650
3,358
Total
mills, of dol_.
1,028
1,384
1,
358
1,348
1,014
1,063
1,356
1,058
1,057
1,247
1,171
'997
993
Mfg.,mining,and construction
_do
422
416
363
423
372
364
372
357
399
419
388
'366
372
Transportation and utilities
do
666
672
664
680
650
638
676
695
635
645
641
635
631
Trade and finance _
-do
1,296
1,191
1,233
1,214
1,262
1,183
1,268
1,212
1,271
1,248
1,209
' 1, 265
1,171
Government, service and other
do
144
134
128
141
131
133
183
148
133
'200
167
'
192
192
Work relief
_do
876
819
459
724
444
898
437
1,546
788
802
703
419
754
Dividends and interest
do
Entrepreneurial withdrawals and net rents
1,127
1,211
1,014
1,143
1,129
1,168
1,064
999
1,119
1,025
1,008
1,003
1,028
and royalties
__mills. of dol_INDUSTRIAL PRODUCTION
(Federal Reserve)
102
115
78
109
111
79
79
90
80
77
80
p81
Combined index, unadjusted
1923-25= 100 _.
99
114
HO
76
106
76
75
75
86
77
75
75
^78
Manufactures, unadjusted
do
100
116
132
66
94
111
53
61
65
52
63
59
45
Automobiles
do
92
90
94
65
34
92
56
46
82
36
76
86
87
Cement
do
179
185
46
62
151
216
199
35
108
44
47
69
Glass, plate
do
130
55
98
123
43
139
63
50
53
55
46
51
58
Iron and steel ._ _
do
114
121
'102
97
73
113
87
104
78
107
96
86
Leather and products
do
^99
202
196
207
216
206
194
212
218
200
190
197
191
Petroleum refining
.
do
94
102
'64
66
93
67
75
106
72
62
57
'65
82
Rubber tires and tubes
do
89
83
76
70
67
95
101
82
85
107
80
78
Slaughtering and meat packing*
do
79
72
93
103
76
84
108
107
83
78
83
83
*>90
Textiles
do
167
170
178
146
138
179
158
152
150
143
169
165
Tobacco manufactures
do.
167
'121
115
91
112
123
125
90
103
98
108
95
'91
*>93
Minerals, unadjusted
do
'42
'
40
'73
47
72
57
69
64
'70
'55
'
62
56
P39
Anthracite..
. do
72
52
92
92
84
72
77
87
49
58
'51
'68
f 55
Bituminous coal
do
245
34
257
156
218
67
78
Iron-ore shipments
do
73
88
79
84
82
70
69
65
79
73
59
65
Lead
.
do
52
170
177
184
182
177
172
171
158
170
168
'156
170
v 166
Petroleum, crude
do
105
126
96
104
90
111
97
106
128
138
89
89
Silver
do
104
112
109
83
103
92
80
103
97
108
110
68
64
Zinc
do
84
114
102
77
88
117
111
79
79
76
80
77
Combined index, adjusted
_.do
"83
r 74
114
79
101
73
76
85
117
75
75
110
73
Manufactures, adjusted
do. ..
p8l
54
142
78
129
92
54
65
157
135
49
46
61
Automobiles
do
43
71
75
69
79
59
57
65
67
76
73
73
69
Cementdo
71
108
206
62
42
35
179
151
216
199
42
44
so
Glass, plate
do
140
52
49
142
100
50
68
125
50
49
47
46
Iron and steel
do
62
115
109
94
81
86
102
' 104
104
89
98
90
'104
Leather and products
do
v 100
206
201
191
196
194
211
200
207
217
192
216
197
Petroleum refining
do
66
102
94
67
75
93
72
62
'64
106
57
'65
Rubber tires and tubes
do
82
86
70
84
92
89
78
87
81
86
84
86
83
Slaughtering and meat packing*
do_,_.
83
111
77
74
91
115
108
75
81
80
80
87
97
Textiles
do
164
170
162
155
159
155
159
157
154
157
160
163
Tobacco manufactures
do
154
112
115
108
109
113
101
113
'92
102
103
91
'116
Minerals, adjusted
do
^93
'42
48
66
70
53
45
64
67
' 55
'57
68
' 71
P 47
Anthracite
do
79
79
62
65
84
78
78
58
' 64
57
87
'57
Bituminous coal
do
P60
121
113
91
19
40
126
34
Iron-ore shipments
do
38
87
82
82
69
74
79
81
64
60
77
64
67
Lead
_.
_ _.
do
54
176
174
174
181
172
177
156
177
171
170
176
' 153
Petroleum, crude
do
P 163
104
Silver
do
96
148
96
119
116
91
98
96
92
91
139
112
107
Zinc
do
110
116
98
108
70
87
80
79
115
90
69
MARKETINGS
Agricultural products (quantity):
86
90
129
89
123
Combined index..
1923-25=100
64
72
115
72
80
73
92
77
Animal products
do
78
79
85
79
79
76
77
63
75
93
90
85
82
125
102
84
Dairy products
do
89
89
134
78
86
106
156
101
136
56
Livestock
do
71
72
78
81
79
76
62
63
59
57
66
60
84
102
72
Poultry and eggs .__
do
69
73
67
66
116
113
102
97
119
79
00
Wool
_
do
273
194
64
43
52
42
46
106
43
303
333
487
Crops
do
95
145
101
84
ISO
169
100
69
64
65
01
56
100
Cotton
_
do
15
28*
J42
317
234
95
42
22
10
95
69
60
19
65
Fruits
.
do
88
73
77
74
114
75
88
93
88
79
77
81
Grains..
_.
do
200
96
74
136
59
63
73
83
99
205
68
48
1
Vegetables
do
69
103
71
47
76
116
107
86
86
llu
111
117
63
»Preliminary. ' Revised.
*New series. For data on slaughtering and meat packing for period 1919-37, see table 42, p. 20, of the October 1937 issue. Data on income payments for period 1929-36 and a
description of the series appeared on pp. 7-13 of the February 1938 Survey; revised figures for the full year 1937 appeared on p. 62 of the March 1938 issue. Latest available
data on income payments appear in the Weekly Supplement to the Survey for the fourth Thursday in each month.
m
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
July
23
1937
1938
DecemAugust SeptemOctober November
ber
ber
July
January
February
Marcb
April
May
June
BUSINESS INDEXES—Continued
MARKETINGS -Continued
A. gri cultural products, cash income from farm
marketings:
Crops and livestock, combined index:
Unadjusted
1924-29=100..
Adjusted
do
Crops
do
Livestock and products
do
Dairy products
„
do
Meat animals _ _
do
Poultry and eggs
do
72.0
82 5
86 5
78.5
82.0
80.0
75.0
87.5
94 5
108.0
80.0
85.5
77.5
78.0
90.5
85 0
86 0
84.5
86.0
86 0
77.5
96.6
81 0
72 0
90.5
88.0
94.0
89.5
107.5
77 5
66 5
89.5
91.0
89 5
91.5
84.5
73 5
58 5
88.5
95.0
84.0
94.0
80.0
72 5
61 5
84 0
100.0
80 0
71.0
71.5
69 5
54 5
85.0
103.0
83.5
66.5
54.0
62 5
49 0
76.5
95.5
75 0
54.0
60.5
67 0
55 0
79.5
92.5
77.5
66.0
58.0
70 5
60 0
81.5
88.5
75.0
68.0
60.5
67 5
58 0
77.5
84.5
71.5
75.5
106
108
141
111
108
143
131
110
149
162
115
164
162
122
180
81
126
108
135
124
145
129
158
77
131
95
92
182
141
123
180
77
132
99
93
192
152
121
191
147
122
185
78
126
82
97
146
162
114
159
156
122
191
90
122
68
97
112
149
113
153
124
154
117
147
108
131
99
132
61.0
72 0
66 5
77.0
80.5
76.5
76.0
COMMODITY STOCKS
Domestic stocks, (quantity):
Combined index
..
1923-25=100Manufactured goods
do
Chemicals and allied products
do
Food products
do
Forest products
do
Paper, newsprint
do
Rubber products
.
_. do
Haw materials
do
Chemicals and allied products
do
Foodstuffs
do
Metals
do
Textile materials
do
World stocks of foodstuffs and raw materials:
Combined index (quantity)!
1923-25=100..
Coffee, adjusted!
do
Cotton, adjusted f
do
Rubber, adjusted!
do
Silk, adjusted!
do
Sugar, adjusted!
do
Tea, adjusted!
__ _„
do Tin, unadjusted!
...
do
Wheat, adjusted!
do
(i)
0)
(1)
(1)
(1)
(1)
0)
94
120
60
97
104
(1)
0)
(1)
(1)
(1)
287
315
184
102
73
120
105
108
r
170
432
172
420
158
r 161
242
188
168
88
100
109
111
191
118
117
249
190
156
93
101
120
r
r
190
421
177
256
186
197
92
93
124
r
73
132
106
94
175
68
137
92
91
196
117
260
132
305
188
441
177
261
179
180
99
93
115
192
444
f 181
274
178
183
111
92
119
71
139
58
89
197
132
315
r
r
91
123
84
108
109
282
103
269
115
310
110
292
«• 198
r 204
r
214
r
176
192
116
101
120
297
166
197
119
91
114
307
168
196
117
88
114
288
70
130
107
88
165
118
314
199
446
189
71
129
101
92
174
319
172
200
107
96
110
T
226
' 326
78
130
114
84
153
r 240
169
197
102
100
105
>-320
185
199
103
94
91
(i)
0)
(I)
(1)
(1)
(1)
(1)
(1)
0)
(1)
(1)
(1)
r
259
' 323
' 194
195
107
92
90
COMMODITY PRICES
COST OF LIVING
(National Industrial Conference Board)
Combined index
Clothing
Food
__
Fuel and light
Housing
Sundries
1923=100
do
do __
do
_
do ..
do
„
86 5
73 5
81.7
84 1
86 6
97 4
88.9
76 9
87.7
84 1
87.1
96 9
89.0
77 8
87.3
84 4
87.8
97 0
89.4
78 5
87.6
85 0
88.6
97 1
89.5
78 7
86.7
85 4
89.2
97 9
89 0
78 3
85.4
85 8
89.1
97 8
88.6
77 7
84 4
86 1
88 7
97 8
87.5
76 7
82.0
86 3
88.2
97 6
86.7
76 0
80.1
86 3
87 8
97 5
86.7
75 5
80.3
86 2
87.5
97 8
86.8
75.1
81.1
85.7
87.2
97 6
86.5
74 5
80.8
83 7
87.0
97 6
86 7
73 9
81 9
83 7
86.7
97 5
95
103
71
101
79
72
123
115
87
125
102
106
116
145
139
144
96
113
123
109
90
119
123
119
151
104
128
118
119
74
123
121
111
144
117
115
112
127
67
128
99
93
136
130
113
107
135
65
132
88
85
120
124
112
104
127
64
136
76
86
111
112
118
102
113
66
128
70
91
110
101
114
97
94
68
121
68
89
110
121
97
96
93
70
117
69
85
117
107
89
94
93
71
110
68
82
114
117
86
92
98
71
103
77
79
111
99
82
92
99
68
98
73
77
118
99
84
80 0
85 9
85 5
78.2
88.5
85 8
84 9
83 6
80.3
90. 1
82 6
80 3
78 4
80.5
91.0
78 6
79 4
79 1
75.7
86.4
80 2
8°) 0
96 3
96 6
96 3
95 7
94 5
93 2
92 4
91 2
90 6
90 2
89 5
89 2
96 S
89 0
88 9
91. 5
84 8
96.4
90 7
94 8
97.4
89 2
96 9
91 4
95 1
98.1
89 2
97 1
91 5
95 2
98.1
89 2
97 2
91 4
95 1
97.9
89 2
97 2
91 4
94 4
97.4
88 2
97 2
91 1
93 5
96.3
87 1
97 2
90 9
92 9
95.3
87 0
97 1
90 7
92 2
94.6
86 1
97. 1
90 2
91 4
94.2
85 6
97.1
89 9
90 8
93.5
85 4
97 0
89 6
89 9
92.7
84 9
96 9
89 4
89 3
91.9
84 9
PRICES RECEIVED BT FARMERS
(17. S. Department of Agriculture) §
Combined index,
Chickens and eggs,
Cotton and cottonseed
Dairy products
Fruits
Grains _
Meat animals
Truck crops
Miscellaneous
__
1909-14=100_
do —
do
_ _
do _
do
do. _
do
do
do
RETAIL PRICES
U. S. Department of Labor indexes:
Coal:
Anthracite!.
__ 1923-25= 100Biturninous*
do
Food !
do
Fairchild's index:
Combined index
Dec 1930=100
Apparel:
Infants' wear
_
do
Men's
_
_
do
Women's
do
Home furnishings
_do
Piece goods
do
WHOLESALE PRICES
C. S. Department of Labor Indexes:
79.7
Combined index (813)
1926=100__
78.1
78.3
78.7
87.4
83.3
79.8
80.9
78. 8
87.9
87.5
81.7
85.4
Economic classes:
82.1
83.4
82.2
Finished products
do
82.7
89.1
89.0
83.3
88.1
84.3
86.7
82.5
85.3
88.8
73.2
71.4
71.3
Raw materials
do
70.7
73.6
84.4
77.2
84.8
74.9
72.3
86.5
75.4
80.7
75.4
75.6
Semimanufactures
do
74.1
75.3
86.6
76.1
85.3
76.9
79.8
87.0
77.7
82.5
74.3
67.5
Farm products
...do
70.3
68.4
68.7
85.9
69.8
75.7
69.4
86.4
80.4
89.3
72.8
71.6
62 3
Grains
do
62 7
69 0
66 0
91 9
92 0
73 0
69 2
105 2
58 3
71 5
75 0
77 0
Livestock and poultry
do
80.2
106. 7
77.9
82.7
86.2
84.4
108.2
79.3
78.4
98'. 5
78.1
78.5
105.0
' Revised.
i The number of commodities has been reduced since the index was originally computed as a result of the discontinuance of certain original series by the
compilers. There is a question concerning the representativeness of the list of commodities included at present and pending a review of alljavailable material upon which
a satisfactory composite can be based, the monthly figures will be omitted.
*New series. For bituminous coal, retail price index, data beginning 1929 appeared in table 44, p. 20 of the October 1937 Survey.
!Revised Series. Retail prices of anthracite for period 1929-37, see table 44, p. 20, of the October 1937 issue; retail food prices, for period 1923-36, see table 9, p. 20 of
the February 1937 issue. World stocks of foodstuffs and raw materials revised for period 1920-37, see table 19, pp. 17 and 18 of the May 1937 issue1 revisions shown on p.
23 of the November 1937 issue were occasioned by recomputation of seasonal adjustment factors for 1936 and 1937 Revisions not shown on p. 23 of the November 1937 issue
will appear in a subsequent Survey. Data on world stocks of cotton revised beginning January 1937. Revisions for January 168, February 165, March 161, April 162, May
158 and June 156.
§Data for Aug. 15,1938: Total 92, chickens and eggs 105, cotton and cottonseed 69,dairy products 102, fruits 78, grains 62, meat animals 115, truck crops 96, miscellaneous 99.
24
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1938 Supplement to the Survey.
SURVEY OF CURRENT BUSINESS
1938
1937
1938
July
September 1938
July
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
COMMODITY PRICES—Continued
WHOLESALE PRICES— Continued
U.S. Department of Labor indexes— Contd.
Foods
1926—100
Dairy products
do
Fruits and vegetables
do
Meats
-do
Commodities other than farm products and
foods
1926=100 _
Brick and tile
.
_-do
Cement
do
Lumber
- - -do
Chemicals and drugs
do
Chemicals
do
Drugs and Pharmaceuticals ....
do
Fertilizer materials
do
Fuel and lighting materials
do
Electricity
do _.
Gas
- .- _ _- ._„__do
Petroleum products
do
Hides and leather products
_do
Shoes
do
Hides and skins
do
Leather
do
House-furnishing goods
do
Furniture
do
Furnishings . _
_
_
do
Metals and metal products
do
Iron and steel
-do
Metals nonferrous
do
Plumbing and heating equipment
1926=100.Textile products
do
Clothing
»
do
Cotton goods
_do-,_Hosiery end underwear
...do —
Silk and rayon
do...
Woolen and worsted goods
do
Miscellaneous..
.do
Automobile tires and tubes
do...
Pftper and pulp . __
_ do
Other wholesale price indexes:
Bradstreet's (96)
do__.
Dun's (300)
do
World prices, foodstuffs and raw materials:
Combined index
. 1923-25= 100
Coffee
... do
Cotton
do
Silk
do
Sugar * _„
„
„_ do ..
Tea
do
Tin
_ . _ _.
. do. _
Wheat
do
Wholesale prices, actual. (See under respective commodities.)
PURCHASING POWEE OF THE
DOLLAR
Wholesale prices
1923-25=100
Retail food pricesf..
_.do__Price received by farmers
do___
Cost of livingf
do.._
74.3
69.5
56.4
89.7
86.2
76.4
71.2
106.0
86.7
79.7
65.3
112.1
88.0
84.8
64.0
113.4
85.5
85.7
62.2
107.4
83. 1
89.2
61.5
98.3
79.8
90.2
57.8
88.8
76.3
83.3
56.7
82.6
73.5
78.3
56.8
78.4
73.5
76.7
56.5
81.6
72.3
71.7
56.8
82.2
72.1
69.1
58.7
82.1
73.1
68.5
61.7
84.5
81.4
89 2
90.7
95.5
88. 8
77.7
81.7
74.8
66.9
76.8
88.1
98.3
95.5
95,5
99.5
82.2
87.0
78.2
71.7
78.4
79.4
82.6
62.0
108.1
107.4
122.1
100.0
91.1
87.1
95.0
97.0
99.9
93.3
85.9
96.2
95.0
95.5
99.0
81.4
85.7
78.3
71.8
78.7
80.5
84.0
62.2
107.6
107.5
120.7
98.9
91.1
87.1
94.9
97. 1
99.8
92 6
85.1
95 4
93.4
95.5
97.3
81.2
85.3
78.3
72.5
78.5
81 0
83.6
61 7
106. 7
107 6
117. 1
97.2
91.0
87 1
94.9
96 4
99.7
85 5
84.3
93 7
92.9
95.5
94.8
80.2
84.2
76.8
71.9
78.2
83.1
83. 1
60.6
101.4
106.9
94.6
92 7
90.4
86.0
94.8
96 8
99.3
78 5
83.6
92 6
92.0
95.5
93.8
79.5
83.5
75.1
72.0
78.4
83.1
81.3
59.5
97.7
105.6
85.5
88.9
89.7
85.9
93.5
96.3
99.0
75. 1
83.5
91.8
91.8
95.5
92.6
79.6
84.1
74.0
72.1
78,3
89.1
81.8
58.8
96.7
104.7
82.3
86.6
88.3
83.7
92.8
96.6
99.6
75 0
83.0
91 1
91.5
95 5
91.0
79.1
83.6
73.9
72.3
78.5
89.6
82,9
58.0
94.7
104 6
74.6
84.4
88.0
83 7
92.2
96 0
99.3
72 1
82.6
91 5
91.1
95.5
91.3
73.7
83.2
73.8
71.8
77.7
86.8
83.4
57.fi
93.6
104.6
69.5
83.3
87.7
83.7
91.6
96.0
99.4
71 6
82.0
91.2
90.4
95.5
91.1
77.5
81.9
73.8
70.1
76.8
87.0
85.2
57.5
92.1
104.5
62.6
82.2
87.3
83.6
90.9
96.3
100.4
70.7
81.6
90 4
90.5
95.5
89.3
76.8
81.2
72,8
C9.6
76.2
86.4
88.3
56. 4
91.3
102 5
63.4
82.1
87.2
83 6
00.8
96.7
101.8
68 8
81.3
89 7
90.6
95 5
88.7
76.3
80.6
71.9
69. 5
70.4
56.8
91.5
101.2
70.8
82.5
86.4
82.2
90 5
95.2
97.2
71.8
86.3
96 7
95.4
95.5
101.3
83.9
89.9
78.2
71.3
78.1
80.0
84.0
61 8
106.7
107.4
116.2
98.7
89.7
86.8
92.6
96 1
99.8
92 7
79.5
66.1
81.7
65.1
59.8
29.9
75.9
72.7
57.4
82.8
78.7
78.3
90 1
86.8
64.8
33.8
94.4
79.0
56.4
912
78.8
77.1
90.0
82.2
65.7
32.9
93.9
77.3
56.4
94.1
80.6
75.3
89.7
76.8
66.5
32.4
92.4
77.0
56.4
93 4
80.6
73.6
89 4
73 ]
65.8
30.6
90.1
76 2
56.4
92 4
79.6
71.2
87.3
70.5
64.2
30. 1
85.1
75.4
57.4
90.4
79.6
70. 1
86.7
68.7
63.4
29.4
83.5
75.0
57.4
89.8
79.6
69.7
86.3
68.2
63.0
28.9
83.8
75.2
57.4
90.0
79.6
68.6
85.8
67.6
60.9
28.5
81.0
74.8
57.4
89.7
78.9
68.2
84 6
67.5
60.3
28.8
80.2
74.4
57.4
88.8
77.2
67.2
84.6
65.7
60.6
28.9
77.1
73.4
57.4
87.5
77.2
66. 1
0)
(i)
86.6
102.8
84.8
102.2
84.0
102 7
80. 1
97 3
75.6
93 8
0)
0)
0)
(i)
(i)
(i)
(i)
(i)
0)
(1)
(n
(i)
44.7
37.6
32.7
36 3
25.3
46.9
70 5
86.3
62 4
61.3
57.3
45.6
44 3
27 1
64.1
77 9
118.0
91 0
58.3
56.4
37.9
43 1
26.2
66.1
83 9
118. 2
85.7
56.2
56.4
33 1
43 6
25 9
62 1
86 4
116 6
86 5
53 6
56 9
30 9
38 4
24 0
58 6
84 4
102 4
87 2
51 7
46.5
29 4
34 2
23 0
60.4
79 1
86.1
86.3
51.8
43.5
30. 5
35 4
22.0
58. 1
73.8
85.2
89.2
49.2
42.5
31.6
34 4
21.9
57.6
75.5
82.6
75.8
50.4
40.0
32 7
34 2
22 2
56. 1
77 4
82.1
82 5
46 2
37.1
32 7
31 9
22 8
53.4
75 5
81.9
69 6
45.0
36.1
32.4
27 9
22 6
48 9
77 1
76.3
68 5
42 7
37.6
30 9
27 2
22 4
45 6
75 8
73 3
62 9
43
36
30
29
?2
44
71
80
64
127. S
125. 0
154. 8
117. f
114.6
116. 4
117.6
114.4
115.1
117.0
119.5
114.3
116.2
116.6
124.5
113.8
117 9
117.8
131.2
113 6
120 8
119.6
137.4
114.3
123.3
121.1
141.4
114.8
124.5
124.5
144.1
116.3
126 2
127.6
151.5
117.2
126 4
127.2
153.1
117.2
128 0
125.9
156.5
117.2
128 9
126. 4
159.
7
I 1 , 7. 5
128 6
124.7
159.7
117.2
g9 9
65. 0
60.5
28.4
76.0
73. 1
57. 4
86 9
90.4
50 3
90. 1
101.8
62.3
81 6
87.1
83 5
90. 7
96 1
100.9
67 9
77.2
65. 5
82 2
63.9
59.7
27.6
75.6
72.9
57.4
85 5
(i)
(!)
0
6
9
5
5
6
9
3
0
CONSTRUCTION AND KEAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Value of contracts awarded (F. R. indexes):
Total, unadjusted
1923-25=100
59
75
66
42
50
49
44
59
66
49
46
03
61
25
22
Residential, unadjusted
do
47
40
45
43
44
28
35
31
35
37
54
62
61
52
52
Total, adjusted
do
67
52
56
51
46
51
56
54
44
Residential, adjusted-. ._ _ _
do_.
46
40
32
30
32
26
37
37
«• 42
37
36
33
F. W. Dodge Corporation (37 States):
By ownership:*
92, 889 115,053
Public
thous. of dol_- 97, 838 130, 776 103, 642
51,054
117,601
94, 597
99, 219 143,700 107, 777
79, 623
77, 838
Private
do
94, 398
141,961 190, 826 177, 575 127 449 124 243 105,512
74 630
67, 891 132 321 122,797 139 456 143 2°9
By type of project:
Total , all types:f
Projects
...number.. 17, 648
15, 454
12,512
15,361
9, 152
8,502
14, 947
14, 506
9,261
14, 533
15,058
17.565
18, 194
Valuation
thous. of doL. 239, 799 321, 603 281,217 207, 072 202, 081 198, 401 209, 450 192,231 118,945 226,918 222, 016 283,156 251, 006
Nonresidential buildings:
Projects _
number
3, 188
3 764
3,603
2 965
3 309
2 876
2 536
2 466
3 3^8
2 303
3 4QQ
3 343
3 344
Floor area
thous. of sq. ft_- 11, 579
24, 754
21, 304
13, 786
16, 643
8, 436
9,637
13, 578
14, 591
13, 719
13,713
13, 787
1 i, 429
Valuation
thous. of dol__ 72 563 139, 137 118, 137
75, 295
76, 212
79, 279 101, 207
48, 440
80, 435
57, 448
87, 823
81, 803
Public utilities:
Projects
„
number-252
235
245
151
226
198
222
138
118
171
197
213
195
Valuation—thous. of doL. 13, 431 48, 652
26, 096
12, 183
14, 886
17, 681
13, 270
48, 451
5,149
9,373
10, 694
43, 699
8, 689
Public works:
Projects
number_.
1,552
1,074
863
1, 235
1,399
779
1, 325
574
1,342
598
1,080
1, 775
I, 827
•7Cv "PO
Valuation,..
-thous. of dol__ 65? 827
52, 768
63, 536
47, 082
44, 298
48,031
53, 087
25, 333
49, 005
50, 125
57, 631
74, 832
Residential buildings, all types:
19 9QQ
Projects
number
12 757
10 200
10 136
9 867
5 592
10 115
8 538
5 300
6 266
9 938
10 554
12 673
<7 9
Floor area
thous. of sq. ft
21 579
18, 920
15 165
20, 579
17 028
10 855
16 306
20 069
9 356
10 350
18 732
20' 550
1 75
Valuation
-thous. of dol_. 87, 978
73, 448
81, 046
59, 938
43, 480
65, 485
65, 590
36, 207
40, 023
79, 396
74, 577
85, 6S2
S3, 153
Engineering construction:
223, 333 260, 001 170, 068 210, 511 187, 001 165, 581 199, 033 190, 186
Contract awards (E.N.-R.)t
do
209,481 255,018 193, 374 183. 806 223, 066
r
Revised.
i Discontinued by the reporting source.
KData for July, September, December 1937, and for March and June 1938 are for 5 weeks; other months, 4 weeks.
*New series. For data on the value of contracts awarded classified as to ownership for period January 1932-June 1937, see table 29, p. 18 of the August 1937 Survey.
tRevised series, For data on purchasing power of the dollar, cost of living for period 1914-36, and retail food prices for Deriod 1923-36, see tables 5 and 6, p. 19 of the
February 1937 issue. For construction contracts awarded in 1936 by type of project, see table 28, p. 18 of the August 1937 issue; classifications changed beginning January 1937,
but comparability of series is not seriously affected.
25
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
July
1938
1937
1938
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
CONSTRUCTION AND REAL ESTATE—Continued
HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
Total
thous. of sq. yd..
Roads only
__ _ _
do ._
Highways and grade crossing projects administered by Bureau of Public Roads: t
Highways:
Approved for construction:
Mileage.
...
number of miles..
Allotments: total
thous. of dol__
Regular Federal a i d . _ _ _ _ - d o .
1934-35 Public Works funds
do
Works Program funds-_.do._ ..
Under construction:
Mileage
. number of miles
Allotments: Total
thous. of dol_.
Regular Federal aid_.do
Public Works Program:
1934-35 funds
do
Federal aid
_
do
Works Program funds
do
Estimated total cost
do
Grade crossings:
Approved for construction:
Eliminated and reconstructed*. number. .
Protected by signals*
do
Total Federal funds alloted
thous. of doL.
Estimated total cost
do
Under construction:
Eliminated and re constructed*, number..
Protected by signals*
do
Total Federal funds allotted
thous. of dol—
Estimated, total costdo
5,194
3,511
5,187
3,562
5,783
4,216
6,059
4,499
3,295
2,403
3,170
2,320
4,023
2,303
2,376
1,836
1,231
741
2,559
1,630
4,284
3,039
5,306
4,543
8,432
6,201
4,728
53, 137
51, 215
1,110
812
3,142
43, 417
34, 885
2,266
6,267
2,986
40, 606
32, 861
2,754
4,990
2,746
39, 849
33, 404
2,343
4,102
2, 572
39, 112
33, 704
2,230
3,179
2,751
39,781
34,947
2,238
2,596
2,952
41, 683
36, 775
2,368
2,540
3,042
42, 149
37, 768
2,232
2,150
3,178
41, 407
37, 139
1,997
2,271
3,198
40, 636
36, 262
1,960
2,414
4,031
44, 072
40, 799
1,774
1,499
5,011
51, 158
48, 205
1,686
1,268
5,002
51, 299
48, 874
1,347
1,077
9,278
134, 900
117, 841
9,001
149,013
101,331
8,614
143,871
102,792
8,167
137,831
100,181
7,502
127,633
95,883
6,749
117,321
89, 535
5,907
103,932
80, 615
5, 875
101,626
SO, 561
6,276
106,645
85, 755
6,923
113, 842
93, 157
7,667
123, 958
101, 751
8,031
129, 160
106, 602
8,991
135, 164
116, 732
5,696
0
11, 363
257, 078
9,059
0
37, 724
254,692
9,229
0
31, 850
250,949
8,720
0
28,929
239,516
8,171
0
23, 580
225,272
7,434
0
20, 352
208,199
6,435
0
16,882
187,516
5,765
0
15, 300
184,112
5,925
0
14, 964
194,162
5,828
0
14, 856
208, 018
6,155
0
16, 052
227, 012
6,491
0
16, 066
236, 044
5,692
0
12, 741
254, 869
149
355
164
350
154
356
165
417
146
393
156
518
158
487
154
430
159
400
180
406
162
382
132
351
146
319
12, 836
13, 676
12, 323
13, 374
11, 761
12, 697
12, 713
13, 291
10, 883
11,430
10, 731
11, 453
10, 443
11, 186
10, 433
11,177
11, 392
11, 928
13, 577
14, 465
12, 419
13, 384
10, 690
11,674
12, 090
12, 782
407
235
704
363
650
368
581
357
502
373
459
408
405
410
395
392
393
388
386
353
416
363
442
233
419
253
41, 031
42, 058
79, 110
82,229
71, 167
74, 123
63, 600
65, 526
56, 801
58, 527
52, 417
64, 111
47, 356
48,973
45, 930
47, 475
44, 758
46, 389
43, 369
44, 885
45, 275
46, 832
45, 162
46, 755
42, 452
43, 594
198
185
184
184
196
184
183
183
194
183
182
182
192
181
CONSTRUCTION COST INDEXES
Aberthaw (industrial building)
1914=»100American Appraisal Co. (all types) - 1913= 100—
Associated General Contractors (all types)
1913=100Engineering News Record (all types) t §
1913=100E. H. Boeckh and Associates, Inc.:
Apartments, hotels, and office buildings:
Brick and concrete:
Atlanta
U. 8. av., 1026-29=- 100
New York
. do __
San Francisco
do
St. Louis
_
_ do
Commercial and factory buildings:
Brick and concrete:
Atlanta
U. 8 av., 1926-29=»100
New York.. __ _
__ _
do
San Francisco
do
St. Louis
_
__ _
do
Brick and steel:
Atlanta
._ . . do
New York
.
do
San Francisco
_
do
St. Louis
do
Residences:
Brick:
Atlanta
_
_.
do
New York
do
San Francisco
do
St. Louis
_
do
Frame:
Atlanta
do
New York
_
do
San Francisco
do
St. Louis.
_do
Iia~
185" ~~~~~186~
188
191
191
191
191
191
191
191
191
189
232.3
239.9
240.7
241.8
241.9
241.4
241.1
239.6
239. 0
238.8
96.4
128.2
116.0
118.3
93.8
126.2
110.7
114.3
94.1
126.5
117.4
114.5
94.3
127.3
117.6
115.0
94.2
126.7
113.6
114.8
94.2
126.6
113.6
114.7
93.7
126.2
114.2
114.7
93.7
126.3
114.6
116.2
96.0
127.4
114.8
118.8
96.0
126.5
114.6
118.8
98.5
130.3
120.9
119. 6
06.4
127.6
114.8
118.7
96.6
127.8
120.4
118.8
96.8
128.5
120.5
119.3
96.7
128.2
119.4
119.2
96.7
128.1
119.4
119.1
96.4
127.7
119.0
118.9
96.4
127.9
118.7
120.4
98.2
128.7
118.8
122.8
97.8
128.1
116. 2
119,4
94.7
126.4
113.1
118.6
94.9
126.6
117.5
118.6
95.1
127.6
117.5
119.4
94.8
126.8
114.2
119.2
94.8
126.6
114.2
119.0
94.0
126.1
114.8
118,5
94.0
126.4
115.1
119.5
85.3
121.1
105.4
107.4
85.5
121.6
104.9
107.0
85.7
121.8
111.2
106.4
85.9
123.9
110.6
109.0
85.0
120.4
106.8
108.2
85.0
119.6
106.8
107.4
82.9
118.9
103.4
106.6
82.2
119.3
97.5
103.3
79.2
116.2
96.4
98.3
79.4
116.4
104.9
97.6
79.6
118.4
104.2
100.6
78.4
114.3
97.3
99.6
78.4
113.5
97.3
98.7
76.4
113.2
93.9
97.6
189
189
188
236.8
236.0
95.9
126.5
114.6
118.8
95.8
127.0
116.1
118.7
96.4
129.2
116.1
118, 6
98.2
127.6
118.7
122.8
97.9
127.6
118.7
122.8
97.9
128.4
121.0
122.8
98.5
131.4
121.0
119.9
97.5
127.9
115.4
121.3
97.5
127.2
115.1
121.3
97.5
127.2
115.1
121.3
97.5
127.5
116.8
121. 5
98.1
129.6
116.8
120.8
82.5
117.1
104.9
105.3
84.8
121.8
106.3
108.2
84.8
120.7
104.9
108.2
83.7
120.7
104.9
108.2
83.2
121.0
105.3
108.0
84.3
121.3
105.3
106.9
76.4
113.3
97.7
98.6
81.4
118.7
99.5
103.1
81.4
118.1
97.7
103.1
81.1
118.1
97.7
103.1
80.4
118.3
97.4
102.8
80.9
118.8
97.4
102.8
238.0
REAL ESTATE
19, 812
19,350
Fire losses
thous of dol
20, 435
19, 767
23,850
30, 173
27, 676
21, 098
25, 616
22, 918
19, 474
26, 473
29, 051
Foreclosures:
180
214
154
182
Metropolitan communities'1926 = 100. .
176
177
170
177
181
176
177
177
157
214
232
Nonfarm real estate*
do
194
196
192
161
179
195
194
'189
172
191
195
Loans of Federal agencies:
Federal Savings and Loan Associations:
1,293
Associations, total.
number
1,296
1,307
1,328
1,348
1,318
1,311
1,332
1,342
1,345
1,346
1,334
1,338
Associations reporting
do
1,211
1,168
1,198
1,279
1,194
1,178
1,200
1,250
1,286
1,265
'1,279
1,283
1,264
Total mortgage loans outstanding
thous. of dol_. 919, 274 718, 927 746,958 769, 117 773, 208 776, 086 808, 546 843, 626 855, 619 871,468 885, 028 892, 439 r 908, 961
Federal Home Loan Bank:
Outstanding loans to member institutions
thous. of dol. . 191, 889 169, 568 175, 604 179, 508 184,038 187,333 200, 092 190, 535 187, 498 183, 105 183, 747 186, 507 196, 222
Home Owners' Loan Corp.:
Loans outstanding*
do
2,248,982 2,524,129 2,497,224 2,472,421 2,446,002 2,422,149 2,397,647 2,370,984 2,348,025 2,323,995 2,301,894 2,281,884 2,265,153
§Index as of August 1,1938, is 232.4.
'Revised.
*New series. Data on number of grade crossing projects represent a breakdown of the total projects shown in the 1936 Supplement. For foreclosures indexes for metropolitan communities for 1932-36, see table 18, p. 20 of the April 1937 issue. The same reference also gives data on nonfarm real estate foreclosures for 1934-36; these figures, however, were shifted to 1926=100 beginning with the June 1938 issue. The Home Owners' Loan Corporation data are for loans closed through June 12, 1936, when lending
operations ceased, and for loans outstanding thereafter. For loans outstanding, data beginning September 1933 will be shown in a subsequent issue.
fRevised series. Engineering News Record of Construction Costs revised beginning January 1935. Data not shown on p. 25 of tne May 1938 issue will appear in a subsequent
Survey. Data on highway and grade crossing projects administered by the Bureau of Public Roads revised to include certain funds which heretofore have been excluded. Earlier
data not shown on p. 25 of the June 1938 Survey will appear in the 1938 Supplement.
91360—38
4
26
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey
1938
September 1938
1937
July
1938
DecemOctober NovemAugust September
ber
ber
July
January
February
March
79.8
66 7
78.4
74.1
75.3
81.2
67.4
82.1
75.7
72.5
83.7
59.8
81.5
77.8
91.5
April
May
June
DOMESTIC TRADE
ADVERTISING
Printers' Ink indexes (adjusted for seasonal
variations):
Combined indext
1928-32-100..
Farm papers
do
Magazines
»
do
Newspapers _
do
Outdoorf
-do .
Radio
. -do
Radio advertising:*
Cost of facilities, total.
thous. of dol. .
Automotive
- do __
Clothing
..
do
Electric home equipment
do
Foods _. ..
.
do
Home furnishings, etc
.
do
Soap cleansers etc
do
Office furnishings, supplies
. . do __
Smoking materials
do
Drugs and toilet goods
. _ do _
All other
do
Magazine advertising:*
Cost, total
do
Automotive
do
Clothing
— do
Electric home equipment
do
Financial
do
Foods
-- - - -do
Home furnishings, etc
do
Soap cleansers, etc
,
do
Office furnishings, supplies...
do
Smoking materials
do
Drugs and toilet goods
do
All other
do
Lineage, total
thous. of lines
Newspaper advertising:
Lineage total (52 cities) . .
do
Classified
do
Display, total..
do
Automotive
- --do
Financial
do
General
do
Retail
do
GOODS IN WAREHOUSES
Space occupied, merchandise in public warehouses
. ._ _ -percent of total..
NEW INCORPORATIONS
Business incorporations (4 States)
number..
POSTAL BUSINESS
77.4
94.8
69 7
103.6
87.7
82.8
96.2
86.4
101.9
88.8
84.4
95.0
79 0
99 1
89 1
79 1
277 0
92.8
66 9
97 1
87.6
84 5
229 9
91.3
80.6
102.4
84.3
77.5
•• 4, 797
' 656
4,971
97
68
1, 345
78
52
1,344
34
36
1 441
6,993
981
29
35
69
1,727
6,193
27
4,807
735
32
55 8
74.7
72.5
74.7
261.0
4,493
374
33
10
283.4
99
1,434
o
o
580
616
1 236
188
8,411
1,267
257
98
311
1,654
217
284
41
651
r
0
'492
0
475
0
551
1,321
'233
1,275
10,689
9,725
0
558
2,134
279
253
290
1,521
325
348
113
693
1, 540
2, 091
1, 602
2,160
83, 653
20, 301
63, 352
3, 031
1,869
13, 028
45, 424
99,206
1,774
298.3
2,672
2,235
265
1,578
414
92
276
1,385
257
353
157
608
1,964
2,642
2,018
692
26
o
522
O
567
1 289
365
12, 821
1,358
979
220
373
1 460
873
383
374
825
2 070
3 904
O OQO
o
529
o
594
1 533
497
244.7
965
19
47
92
1,724
16
657
0
644
1,698
431
16 382
2 128
1 153
522
417
1 963
1,318
425
27<)
78°
2 89()
4 496
2 85°
15, 972
2,658
886
437
442
2,078
1,034
449
318
793
272.2
260.9
254.0
226.5
6,573
990
9
6,943
858
15
6,432
813
23
7,074
850
23
65
76
1,906
21
582
0
687
1,793
444
12, 955
1,511
600
508
366
1,813
670
263
74
62
2,204
18
634
o
710
2,083
2
600
o
687
71
54
2,408
2
682
67 2
75.0
74.7
85 0
250. 5
79
66
73
74
76
281
5,924
632
19
6, 051
r 5 524
90
36
2,107
87
22
2,122
o
1
626
0
674
797
639
56
0
662
o
724
5
8
0
8
6
0
34
72
1 949
()
647
Q
678
1 738
1 849
1,489
375
337
252
1 482
' 257
1 374
8,913
1,260
11, 468
1,125
14, 137
1,716
15, 733
14 565
1 968
11 317
1 475
462
372
101
386
1 431
197
235
1,413
2 597
1 990
21, 738
122, 295
21, 314
100, 982
90 624
20, 247
70, 378
4,068
2,989
64
48
80.0
1 907
389
735
2,233
3,867
2,893
2,810
82.4
69.6
79.9
76.7
91.3
95.6
93.3
98.9
89.0
87.5
262.1
136
786
441
239
484
1 937
370
529
182
685
2,475
3 000
2 144
739
493
423
2,272
978
839
392
2,339
2,254
684
433
877
439
216
853
2,685
211
818
2,552
898
657
410
2 034
955
396
206
914
12°
1 SQ3
2 989
9 9
02
98 519
21 331
77 188
4 340
1 556
16 953
55 039
4,100
108 919
23, 404
85, 514
5,081
1,918
17, 544
60, 971
109, 917
22, 646
87, 271
1,459
17, 505
63, 960
109 906
22' 695
87 211
5 676
1 396
18 310
61 830
2,628
706
365
356
1 659
558
418
2 173
3 953
2 658
3 557
2,404
r 137
117 256
23 715
93 541
4 052
1 302
19 829
68 357
134 979
24 869
110 111
7 756
1 576
23 024
77 75 r,
119,746
1,992
17, 160
51, 538
103, 699
23, 710
79, 989
5,371
1,279
16, 531
56, 808
1,375
20, 151
69, 892
1,519
15, 136
80, 604
2,315
14 785
51, 218
2,060
88 457
19, 187
69, 270
2,611
1,493
15 273
49, 892
68.8
69.7
71 0
72 1
71.6
72.2
70.9
69 9
69 8
69.5
69 7
69 3
1,943
1,840
1,671
1,822
1,841
2,017
2,173
1,787
2,094
1,910
1, 940
1,877
22. 614
76, 593
5,903
98,008
6,589
3,723
4,347
Air mail:
1,124,012 1,151,851 1 146 860 1,202,650 1,121,521 1,233,750 1,107 694 1 057 452 1 278 562 1 155 775 1 30° 5°5 1 °54 697
Pound-mile performance
thousands.
Money orders:
Domestic, issued (60 cities):
4,214
3, 720
4,042
4,241
Number. . .
.thousands..
3,925
4,598
4 515
4 QO9
4 198
4 030
4 168
3 954
3 Q"6
42, 147
39, 571
41, 875
44, 373
Value
thous. of dol_. 35, 862 40,847
37, 555
40, 864
42, 566
40, 039
38, 111
39, 700
37, 450
Domestic, paid (50 cities) :
14, 665
11,975
12, 928
14, 114
Number
thousands
12, 426
15, 865
12 602
11 932
13 312
13 292
14 697
13 36f>
12 789
97 283 100 950
Value
- thous. of dol_. 92, 785 104, 192 102, 567 109 628 118,919 112, 737 120, 235 93 941 89 070 111, 332 100 887
2, 456
2,607
2,684
2,717
Poreign, Issued— value
do
5,708
2 556
2 285
3 163
2 167
2 0"0
2 724
Receipts, postal:
31, 693
30, 695
26, 287
41, 959
60 selected cities.
thous. of dol.. 24, 602 26, 600
27, 492
29, 564
27, 046
31, 792
28, 247
28, 007
30, 042
3,670
3, 303
3,292
50 industrial cities.
_
do....
3,519
4,994
3,262
3,533
3,357
3,641
3, 881
3,485
3,412
3, 500
RETAIL TRADE •
Automobiles:
New passenger automobile sales:
82.6
62.1
122.9
Unadjusted
1929-31=100..
90.8
70.1
112.6
73.2
53.6
50.8
76.0
80.5
75. 6
' 64. 9
57 o
127.0
Adjusted
do
104.5
120 5
89 0
78 0
74 0
65 0
61 0
60 0
105 0
57 0
50 5
Chain-store sales:
Chain Store Age index:
Combined index (20 chains)
114.8
108.2
117.0
av. same month 1929-31=100..
114.5
109.0
113.2
111.5
106.4
106.7
105.0
103.3
103.3
r 106. 3
128.0
112. 0
Apparel chains
do
128.0
118.0
124.0
117.0
123.0
107.6
108.8
116.0
112.8
109. 4
109. 7
Grocery chain-store sales:*
r
88 4
94.9
Unadjusted
1929-31=100
91.1
94 7
89 6
94 9
97 0
94 1
93 3
95 6
94 4
95 0
93 6
r 9'> 9
94.4
Adjusted . . . do. - 90 2
93.0
93 3
96 6
94 2
94 9
96 2
93 6
94 7
91 7
93 6
Variety-store sales:
Combined sales of 7 chains:
99.8
88.1
101.5
97.0
Unadjusted
do
102 7
203 5
90.6
78 6
81 7
71 6
95 2
90 7
90 9
104.5
Adjusted
do
100.0
99 0
102 4
109 0
101 2
110 3
94 1
96 1
97 2
92 9
90 7
H. L. Green Co., Inc.:
o 3§3
2,638
2 705
9 40^
Sales
thous. of dol
2 366
2 702
2 898
6 490
2 368
1 780
1 790
2 156
2 787
137
137
Stores operated
number
133
••137
135
138
136
131
132
131
133
133
' 133
8. 8. Kresge Co.:
Y> 596
12, 097
Sales
_ . thous. of dol
13 423
10 630
12, 349
11,013
12 531
24 145
9 022
9 396
10 561
10 862
11 293
741
737
742
738
Stores operated
_. number
737
735
740
734
741
737
737
737
' 736
8. H. Kress & Co.:
Sales
thous. of dol..
5,822
8,559
6,931
7,114
6,797
14, 616
7,397
5,358
5,159
6,054
6,671
6; 507
6, 235
239
Stores operated
number
234
235
235
235
234
234
233
234
239
°36
236
239
McCrory Stores Corp.:
2,946
Sales
thous. of doL.
3,133
3,108 1 3,333
2,977
3,306
6,763
2,641
2,476
2,909
3,005
3,200
3,493
199
8 tores operated
number..
197
197
197
198
199
200
200
201
201
9m
9nn
9m
* Revised.
*New series. For radio advertising for period 1932-36, see table 38, p. 20 of the September 1937 Survey; for magazine advertising for period 1932-36, see table 40, p. 18 of
the October 1937 issue. Subsequent revisions beginning January 1936 not shown on p. 26 of the April 1938 issue will appear in the 1938 Supplement. For the grocery chain
store sales index, data beginning 1929, together with a description of the series, appeared on pp. 14-16 of the May 1937 issue.
tData revised beginning January 1934; revisions not shown on p. 25 of the July 1937 Survey will appear in a subsequent issue.
•The following reports, showing percentage changes in sales, are available at the Washington, D. C.. office of the Bureau of Foreign and Domestic Commerce or at
any of its District Offices: (1) Chain drug stores and chain men's wear stores, (2) Independent stores in 27 States and 4 cities, by kinds of business, (3) Wholesalers' sales
by kinds of business, (4) Manufacturers' sales, by kinds of business.
27
SURVEY OF CURRENT BUSINESS
September 1938
1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1937
July
July
1933
Decem- January
August SeptemOctober November
ber
ber
February
March
April
May
June
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Chain-store sales— Continued.
Variety-store sales— Continued.
G. C. Murphy Co.:
Sales
thous. of dol—
Stores operated
number _
F. W. Woolworth Co.:
Sales
thous of dol
Stores operated
number
Restaurant chains (3 chains) :
Sales
thous. of dol
Stores operated
number—
Other chains:
W. T. Grant & Co.:
Sales
thous, of dol._
Stores operated
number-.
J. C. Penney Co.:
Sales
thous. of dol
Stores operated _ number.
Department stores:
Collections:
Installment accounts
percent of accounts receivable
Open accounts
do
Sales, total U. S., unadjusted.. 1923-25 = 100Atlanta
do _
Boston
do
Chicagot - -- do Cleveland
do
Dallas!
do
Kansas City*
_
1925=100
Minneapolis!. _
1929-31 =100..
New Yorkf
1923-25=100Philadelphiaf
do —
Richmond
do
St. Louis*.
do...
San Francisco
do
Sales, total U. S., adjusted..
_do
Atlanta
do
Chicagot .
do
Cleveland
do— .
Dallasf
do
Mlnneapolisf
1929-31=100..
New Yorkf
1923-25=100
Philadelphia!
do
St. Louis*
do
San Francisco
- do
Installment sales. New England dept. stores
percent of total sales
Stocks, total U. 8., end of month:
Unadjusted
1923-25=100
Adjusted!
_ do .
Mail-order and store sales:
Total sales, 2 companies.thous. of dol—
Montgomery Ward & Co
do
Sears, Roebuck & Co
._
. do
Rural sales of general merchandise:
Total U. S., unadjusted
1929-31=100Middle West*
do
East*
. .
do
South*do
Far West*
do
Total U. 8., adjusted
__ .. __ do
Middle West*
J.do
East*
>
do
South*..
do
Far West*
do
3,301
201
' 3, 457
195
3,142
197
3,335
197
3,896
199
3,443
199
6,592
200
2,490
200
2,489
201
2,782
200
3,652
201
3, 160
201
3,294
9
01
22 733
2 010
r 24 715
2,008
22 795
2 008
24 271
2 008
26 788
2 012
25 143
2 013
47 182
2 013
19 157
2 005
20 054
2 007
22 055
2 012
25 926
2 012
22 714
2 Oil
23 149
2 010
3 017
343
3 569
346
3 651
354
3 960
355
3 949
351
3 518
351
3 839
346
3 398
343
3 081
343
3 384
342
3 324
341
3 946
340
3 054
343
7, 707
479
6,780
479
7 819
480
8,957
481
8,373
482
16 615
482
5 325
480
5 523
481
6 530
481
8,061
481
7 214
480
7 608
483
20 405
1,508
19 761
1,511
24 806
1 516
29 990
1,517
27 095
1,523
38 005
1 523
15 265
1 524
13 437
1 524
17 043
1 526
20 371
1,527
18 853
1 528
20 32°
1 531
15.4
45 1
65
80
53
71
71
75
'66
72
71
••52
76
61
79
94
114
98
93
107
102
99
73
88
97
16 0
41 9
72
103
54
78
80
86
78
79
72
56
81
66
95
92
132
95
95
112
90
95
72
89
98
15 9
42 5
100
120
82
105
103
122
94
109
100
75
115
101
97
94
128
102
99
110
101
96
76
95
94
17 1
47 1
103
130
89
106
105
124
97
116
109
85
134
99
101
93
110
96
98
110
98
95
74
88
98
16 6
47 1
101
120
84
100
96
122
90
95
111
89
120
92
102
91
105
92
91
109
94
93
78
79
96
16 4
45 4
156
193
132
155
151
184
149
142
169
130
206
138
165
89
114
93
92
106
94
95
72
84
97
15 6
46 9
70
86
66
70
67
87
67
72
74
51
79
69
77
90
109
88
88
114
87
94
71
86
93
15 3
42 8
70
99
54
68
70
91
66
64
74
55
76
69
76
88
112
85
85
107
87
91
72
81
90
16 8
45 1
77
101
67
86
76
97
86
93
77
59
97
78
81
86
109
95
88
104
98
90
69
84
89
16.1
44 9
86
110
78
87
89
100
84
97
••88
66
110
85
90
83
105
82
79
99
88
r
89
61
82
91
15 7
45 2
80
107
67
80
79
103
79
85
81
61
99
77
87
78
106
79
74
103
82
84
61
77
90
15 4
4o 2
79
94
r 74
82
75
90
72
92
85
63
r
103
69
80
82
104
84
78
101
'93
89
63
75
90
r
6,971
484
18 258
1, 530
58
79
47
60
59
72
61
68
62
46
72
58
73
85
113
83
78
103
96
88
65
85
89
r
8.5
14.7
11.0
11.4
9.3
6.3
10.2
11.2
9.3
8.6
8.5
61
67
69
77
74
78
80
77
85
76
86
75
68
72
63
71
67
70
71
70
71
69
71
69
65
'68
65, 392
29, 075
36, 316
73, 655
30, 439
43, 216
71, 254
29, 679
41, 575
90, 240
37, 459
52, 781
107,451
48, 825
58,626
89, 813
39, 550
50, 262
116, 232
61, 360
64, 872
52, 460
21, 840
30, 620
52, 214
21, 765
30, 449
71, 868
30, 797
41, 071
81, 920
37, 063
44, 857
79, 613
36, 150
43, 463
79. 565
35, 745
43, 820
84.8
77.7
82.2
92.9
105.8
110.2
99.6
104.7
133.7
127.4
91.7
83.2
89.3
100.1
115.4
119.1
106.7
113.7
144.0
139.1
99.0
90.3
97.7
103.1
127.2
115.1
103.2
110.4
135.6
138.3
130.4
115.1
126.1
160.4
157.0
131.7
115.7
134.9
156.5
134.2
160.2
143.7
160.2
214.9
160.4
131.3
121.2
135.2
156.3
137.1
145.8
132.6
143.9
182.5
158. 0
118.6
107.8
125.7
137.2
131.1
179.5
163.2
184.8
205.0
215.5
126.4
114.9
129.7
148.6
141.3
86.6
78.6
86.5
105.9
94.6
104.3
95.8
102.9
127.6
126.9
90.4
81.6
91.5
118.3
91.2
99.9
94.3
100.0
118.3
115.4
98.4
89.8
102.8
120.4
100.8
105.8
99.8
109.4
129.4
115.2
107.9
99.2
114.6
121.6
116.2
112.3
100.8
115.2
131.4
125.6
103.5
96 1
104.7
113.7
119.3
110. 1
99. 1
107.4
127.8
132.5
106. 2
99 4
107. 5
112.0
125.8
112.4
101.9
110.2
130.2
133. 1
7 3
r
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
102.1
100.5
79.6
75.9
76.4
101.4
82.2
102.3
82.3
81.7
77.4
94.7
Factory, unadj. (B. L. S.)f1923-25=100.
64.2
84.3
70.0
65.8
98.9
92.4
75.1
73.3
72.4
68.2
98.1
97.3
97.6
Durable goods groupt
do
72.3
90.0
73. 1
107.6
105.8
98.1
81.1
80.0
78.9
75.5
108.7
108.8
Iron and steel and products!
-do
Blast furnaces, steel works, and rolling
117.5
84.4
121.4
121.4
108.6
78.8
119.9
90.5
88.7
87.0
mills
-1923-25=100-.
Structural and ornamental metal work
59.0
r 56. 2
69.5
57.1
80.6
81.4
79.1
75.0
61.4
59.7
1923-25=10082.3
57.5
r
88.1
100.8
91.3
85.5
90. 1
94.9
117.9
114.0
96.8
85.7
87.0
88.7
Tin cans, etc.
do
114.8
55.0
r 54.2
63.5
58.1
54.2
54.4
54.2
72.9
73.0
69.5
53.7
55.8
71.8
Lumber and products
-do
65.4
86.8
79.5
74.5
68.2
' 64. 5
64.9
87.9
89.2
89.1
68.5
68.0
63.8
Furniture..
—do
45.3
47.6
45.9
57.1
54.3
51.2
43.9
45.9
46.1
44.2
Millwprk
do
57.3
55.6
'45.
1
r
42.3
41. 6
42.4
41.3
47.6
42.8
42.3
56.3
54.7
52.7
39.7
56.0
40.1
Sawmillsdo
93.2
113.1
89. 6
' 86. 0
82.9
128.9
121.4
99.7
129.9
130.2
130.7
104.0
96.8
Machinery!
do
117.2
129. 5
150.5
139.6
138.4
137.6
136.9
136.5
93.4
143.0
138.6
141.0
147.2
Agricultural implements!
do
' 75. 2
73.1
104.7
89.9
86.4
81.6
121.0
121.0
121.3
119.3
113.1
95.9
78.0
Electrical machinery, etc
__do
Foundry and machine-shop products
r 75 7
81.7
110.4
98.1
85.2
79.2
74.2
111.9
87.1
112.5
104.8
90.3
1923-25=100112.5
88.0
'92' 2
95.4
86. 3
94. 9
200.5
124.0
97.1
196.8
208.3
156.7
86.0
Radios and phonographs.
do
203.5
78.2
114.1
108.4
84.9
82.5
' 79. 6
98.9
88.1
87.6
87.4
Metals, nonferrous
_
do
111.5
112.7
112.8
114.1
' 91. 5
123.5
101.6
100.5
94.9
Aluminum manufactures
do
91.7
131.5
132.6
131.0
104.7
103.9
97.1
Brass, bronze, and copper products
85.0
82.0
113.1
87.3
83.6
89.1
82.5
119.0
116.9
114.8
105. 5
97.0
86.6
1923-25=100..
r
108.2
105.2
105.5
90.5
151.0
153.4
153.2
154.0
122.6
105.3
96 6
144.0
110.0
Stamped and enameled ware
do
44.9
'44.5
42.3
•• 39. 9
40.4
60.4
59.0
57.4
41.0
63.8
62.1
52.7
47.6
Railroad repair shops....
do
62.1
60.4
61.3
•• 59. 8
59. 3
63.4
63.3
63.5
63.1
61.8
63.3
63.0
63.1
Electric railroad
do
'38.4
'43.2
43.6
40.9
39.6
60.2
51.9
46.4
39.0
63.8
62.0
58.7
57.0
Steam railroad
do
•• Revised.
*New series. Department store sales in the St. Louis Federal Reserve district for the period 1921-37 appeared in the July 1937 issue, table 22, p. 16. For rural sales of
general merchandise by geographic districts for period 1929-36, see the September 1936 issue, pp. 14-17. Data for the period 1924-37 on department store sales in the Kansas
City Federal Reserve district appeared in table 47, p. 19 of the December 1937 issue.
!Revised series. For factory employment beginning January 1934, see table 12, p. 19 of the March 1937 issue. Revisions in indexes of department store sales by
Federal Reserve districts are available as follows: Chicago, 1923-36, table 23, p. 16 of the July 1937 issue; Minneapolis, 1919-37, table 52, p. 19 of the January 1938 issue;
New
York, 1919-37, table 60, p. 19 of the June 1938 issue; Philadelphia, 1923-37, table 61, p. 19 of the June 1938 issue; Dallas, 1919-37, table 63, p. 20 of the June 1938 issue. Total
Digitized for
U.FRASER
S. department store stocks, adjusted, revised for period 1919-37; see table 62, p. 19 of the June 1938 issue.
28
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1937
1938
July
September 1938
July
August
1938
Novem- DecemSeptember October
ber
ber
January
February
March
April
May
June
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continued.
Factory, unadjusted (B. L. 8.)— Continued.
Durable goods group— Continued.
Stone, clay, and glass products,1923-25=100_
Brick, tile, and terra cotta
do
55.7
40 3
65.0
74.2
57. 5
56 1
26.0
91.2
89 4
104. 1
107.7
103. 3
114. 6
118.5
289. 8
115.8
133 0
919 o
85 9
86.7
90 7
75. 6
96.8
104 2
68.1
61 7
82.5
79.7
86.9
57.1
71.7
53.8
69.7
107.9
119.9
130.4
71.6
100.2
104.1
124.3
139.5
106.2
136.3
127.5
401. 0
124.9
136.7
234.4
89.9
96.3
98.0
94.7
106.0
119.5
96.2
89 7
100.0
98.0
102.0
60.6
71.9
52.0
69.9
109.6
111.8
118.7
72.7
102.4
106.9
124.9
137.2
111.8
132.8
128.2
403.4
132. 5
135.3
230.7
86.8
96.6
98.6
93.9
106.3
119.1
97.9
88.4
102.8
97.3
113.0
61.8
72.7
52.3
69.9
111.1
107.0
112.5
68.5
106.2
107.3
128.6
137.4
114.1
132.4
127.2
407.1
137.8
136.7
223.3
86.8
92.7
94.0
92.5
107.7
119.1
98.0
88.3
101.6
94,9
114.4
62.1
71.4
50.0
69.2
109.9
122.7
133.9
67.9
106.8
103.6
126. 5
135.2
114.8
131.6
125.7
387.5
125.0
138. 4
202.7
89.4
89.5
90.7
89.6
107.9
117.3
97.7
87.0
98.8
91.9
112.1
62.6
68.2
45.5
66.1
106.7
121.8
133.2
65.8
105.9
97.3
122.7
129.8
112.5
128.0
123.9
374.0
114.6
135.2
194.3
90.5
80.3
80.8
82.9
106.4
113.6
90.9
80.8
92.0
87.2
101.0
62.9
63.2
41.1
60.5
100.0
105.5
112.9
55.8
104.8
93.3
116.3
122.6
110.5
121.1
120.2
336.8
107.3
131.6
187.4
90.9
81.8
83.8
78.6
104.1
109.4
86.0
76.6
88.2
84.0
95.6
60.8
55.1
35.3
50.2
87.8
84.3
86.8
44.5
99.2
89.9
112.7
118.1
105.9
116.3
119.3
315.2
102.9
129.9
186.2
92.8
85.8
89.3
76.6
101.0
108.1
78.4
71.6
84.7
80.7
91.7
51.9
55.0
35.4
49.3
85.6
80.6
82.8
42.2
95.2
92.1
113.1
115.2
106.0
116.0
118.2
329.2
101.7
130.1
189.9
88.0
89.4
93.7
77.6
101.1
108.7
74.4
65.5
89.2
81.7
104.2
58.8
55.5
36.1
53.5
83.7
77.8
79.8
' 38.9
94.6
91.7
' 113.2
56.9
38.7
60.5
81.8
72.0
73.1
37.1
90.5
89.8
110.4
' 111.4
109.4
104.7
104.3
117.3
118.0
117.7 ' 117.8
' 334. 3 303.1
100.4
101.0
' 129. 9
129.9
194.3
198 4
84.3
83.0
90.1
88.0
94.9
92.7
76.4
74.6
100.3
99.7
108.1
106.9
'72.9
72.7
'63.5
63.0
'89.4
86.3
'80.9
78.1
106.9
103.0
59.3
59.1
57.4
39 9
62 2
80 9
68.2
68 7
32.1
93.1
87 4
107. 2
107 6
104.0
118.7
117.4
304.0
101.8
129 9
204 3
83 3
82.5
85 8
74.0
98.5
105 4
71.5
62 3
82.3
76.8
93.2
59.4
'57.2
r 39 8
r 63 5
r 79 5
Glass
do
Transportation equipment §
do
62.3
Automobiles
do
' 61 6
Cars, electric and steam railroad§,.do
'28.6
Shipbuilding
do
'92.9
Nondurable goods group §
_do
r 86 7
Chemicals, petroleum products
-do —
' 103. 9
Chemicals
do
107 7
Druggists' preparations
do
103.7
Paints and varnishes
-do
' 116.7
Petroleum refining
do
' 117. 6
Rayon and products
do
' 284. 2
Food and products
.
- do____
' 107 3
T 132 i
Baking
do
r 212 7
Beverages
do
Slaughtering and meat packing
do __
84 8
Leather and products
_.
__do
'78.5
Boots and shoes
do ..
r gO 8
Leather, tanning, finishing, etc
do
'73.9
Paper and printing
do
97.2
Paper and pulp
.
- do
' 104 5
Rubber products
do
70.6
Rubber tires and tubes
do
62 2
Textiles and products
do
' 80 2
Fabrics
__ _ _
do
' 76 5
Wearing apparel
do
'86.9
Tobacco manufactures
do
60.3
Factory, adjusted (Federal Reserve) f§
94.1
81.6
102.4
84.2
83.0
103.0
100.7
98.4
1923-25=10079.2
89.0
77.6
77.5
'76.3
91.4
98.6
84.4
76.8
73.8
72.3
99.3
96.7
100.1
64.9
69.3
67.2
Durable goods group§.
do
'65.2
98.4
80.2
78.6
108.4
105.4
108.3
90.5
82.9
108.7
72.7
76.3
Iron and steel and products §
_.__ do
74.6
'72.6
Blast furnaces, steel works, and rolling
110
88
86
122
119
91
123
79
100
121
83
80
mills
-1923-25=10078
Structural and ornamental metal work
76
64
61
66
79
80
78
79
61
56
70
1923-25=100.
58
55
99
92
91
104
91
94
110
109
98
91
90
91
Tin cans, etc
. -do
88
62.1
56.9
56.1
71.4
66.4
57.1
72.9
54.2
69.3
58.8
55.7
54.4
Lumber and products
- do
' 53 7
75
69
69
88
86
81
73
71
67
68
91
67
67
Furniture
.-. do
61
47
64
46
47
45
55
55
56
48
46
43
44
Millwork
do...
47
44
42
54
53
61
44
43
41
42
42
56
Sawmills
do
40
96.4
120.8
99.6
130.2
104.8
131.3
128.0
113.2
83.9
92.4
131.5
89.1
' 86 1
Machinery§
.
do
145
135
130
130
148
151
158
99
140
129
147
126
Agricultural implements §
do _
' 120
86
113
121
119
121
96
90
105
82
121
78
75
Electrical machinery, etc
do...
105
84
112
114
87
75
110
99
91
114
80
78
Foundry and machine-shop products, d o _ - _
'76
127
162
100
115
104
110
103
201
180
105
96
214
96
Radios and phonographs
do
105.1
86.4
113.7
109.4
115.9
97.9
90.3
87.8
81.2
115.4
84.1
82.6
'80 4
Metals, nonferrous
do
122
97
114
101
131
106
97
138
103
94
93
138
93
Aluminum mfrs
-do __
103
85
121
117
87
84
96
90
84
112
83
121
Brass, bronze, and copper products,do__ .
82
143
107
152
152
111
106
91
156
125
105
104
153
'97
Stamped and enameled ware
_ do _
57.4
44.4
48.4
45.1
62.4
60.1
68.7
53.2
40.8
41.8
40.3
64.4
'39.7
Railroad repair shops
- - do_ _
63
62
62
64
63
63
63
59
63
61
63
60
60
Clectric railroads
do
57
43
44
62
58
52
47
39
60
40
39
64
38
Steam railroads
do _
67.2
57.4
69.4
64.9
61.2
59.5
54.4
70.3
70.5
54.9
70.4
56.0
'54.3
Stone, clay, and glass products
do...
44
39
49
42
42
48
47
43
38
51
39
38
Brick, tile, and terra cotta ...
do...
'37
67
59
60
64
66
56
67
67
61
60
57
'56
61
Cement .
do
105
83
92
87
109
76
112
111
100
79
110
79
77
Glass
do
119.1
75.5
59.1
78.8
123. S
82.7
121.3
126.3
102.8
123.5
65.1
68.3
60.6
Transportation equipment §
do
128
77
132
136
80
58
138
109
83
69
65
136
60
Automobiles
do _
73
39
44
25
67
71
69
61
50
34
69
29
26
Cars, electric and steam railroad §._do__ _
94
107
96
106
93
106
103
99
91
102
106
88
'94
Shipbuilding.
_ _.
do_ _
97.0
91.6
92.1
100.2
92.7
91.3
102.9
106.2
105.6
94.0
88.6
'88.1
89.9
Nondurable goods groups §
do...
120.9
127.4
'111.1
107.2
127.2
123.7
112.8
115.5
113.0
109.1
108.9
127.7
' 107 1
Chemicals petroleum products
do
129
'113
137
135
117
107
123
137
120
108
110
138
107
Chemicals
_
do
109
104
112
109
112
114
110
104
105
108
107
105
109
Druggists' preparations .
do. _
129
118
132
134
124
119
117
114
136
114
136
116
112
Paints and varnishes
- do
124
119
124
119
121
127
125
117
120
119
126
119
Petroleum refining
do...
117
367
331
407
380
323
299
413
330
312
407
303
310
'296
Rayon and products. _ _
do _
114.2
110.4
116.2
114.8
113.8
111.3
119.4
111.5
111.9
112.0
107.6
' 109. 2
107.6
Food and products
do
134
132
134
132
136
132
134
132
133
136
131
130
131
Baking
do
209
207
209
199
204
211
209
210
19f
207
200
200
195
Beverages
. _ do _
90
86
88
89
87
88
90
88
87
84
91
85
Slaughtering and meat packing
do
85
85.7
90.0
88.8
85.6
95.2
87.2
87.0
93.0
87.8
83.3
86.1
86.4
Leather and products ...
_ do
80.4
88
92
91
94
90
90
89
97
89
91
91
87
83
Boots and shoes
do
83
75
95
94
93
89
76
77
77
78
75
Leather, tanning, finishing, etc
_do _
75
75
105.0
100.6
107.8
107.0
102.1
107.3
107.4
100.9
98.0
98.8
Paper and printing _ _
do
100.7
100.0
98.4
114
108
117
104
119
109
120
119
109
108
105
107
Paper and pulp
. do
105
90.4
98.1
72.3
68.4
99.8
99.5
96.6
86.3
74.5
70.2
79.2
Rubber products .
do. .
72.0
69.9
83
90
87
91
63
60
90
66
79
73
61
59
Rubber tires and tubes
do...
60
91.6
96.4
106.2
100.9
87.9
105.9
88.4
86.0
85.6
87.0
82.4
Textiles and products _ _ .
..do
'81 7
84.4
85.8
78.9
90.4
95.9
79.6
102.0
83.0
100.9
82.6
'80.2
77.4
Fabrics
do
'77.7
77.9
107,4
103.0
100.4
97.1
115.1
109.7
113.1
101.8
Wearing apparel
do
99.7
91.8
95.8
' 89 0
97.1
69.6
60.2
59.3
60.2
61.3
57.7
60.8
60.1
Tobacco manufactures
._ do
59.6
56.2
60 4
59.9
60.8
Factory, unadjusted, by cities and States:
City or industrial area:
101.4
98.8
83.6
' 102. 6 102.8
103.4
93.4
89.3
89.5
Baltimore
. 1929-31=100
88.8
88.8
87.4
'84 5
88.4
83.1
86.7
86.8
71.5
87.3
79.2
74.2
Chicago
1925-27=100
64.7
65 7
69.4
67.5
75.3
105. 3
102.0
90.8
101.3
70.0
89.1
80.2
76.7
72 3
Cleveland
. 1923-25=100
99.7
81.9
72 5
75 5
115.1
110.4
124.9
47 8
83 5
83.6
74 3
70 5
Detroit
do
74 5
79 8
54 9
68 4
58 5
114.4
111.4
109.4
115.8
113.5
Milwaukee
1925-27=100
101.5
95 0
93.6
93.0
91 5
79.4
85.4
73.1
85.4
88.9
88.7
New York
.. ._
do
82.4
79.1
82.4
83.0
77 2
74 6
81.8
104.2
99.4
80.4
102.5
103.5
104.7
89 5
91.1
90 3
82 5
94 3
'80 0
87 2
Philadelphia t
1923-25=100
91.2
92.6
93.3
85.5
67.9
93.0
78.4
Pittsburgh
. . do _ 60.0
72.4
69.2
63 0
' 59 3
64.8
105.2
76.4
100.6
109.6
94.9
104.6
89.9
Wilmington.
do...
85.2
79.7
81.7
76.8
76.3
77.3
' Revised.
tRevised series. For seasonally adjusted factory employment beginning 1926, see tables 1 and 3, pp. 14-20 of the January 1937 issue; for Philadelphia factory employment
1935-36, see table 35, p. 20 of the August 1937 issue.
§ Re vised series. For revisions beginning January 1934 see table 12, p. 19 of the March 1037 issue.
29
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1835, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
s
^-t| tr
July
June
1938
1.937
October |
(
^m"
Decem-
ber
Janu-
ary
Febru-
ary
March
April
May
June
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT-Continoed
Factory, unadjusted, by cities and States— Con.
State:
Delaware .
.1923-25=100-.
Illinois
1925-27=100lowa
1923-25=100 .
Maryland.
_
1929-31 = 100Massachusettst.
.1926-27*100..
New Jersey
.
- 1923-25 =»100..
NewYork. .... ._
1925-27 = 100..
Ohio
1928=100
Pennsylvania t— — ___ 1923-25 = 100—
Wisconsin
_____1925-27=100~
Nonmanufaeturing, unadjusted (B. L. 8.):
Mining:
Anthracite t
1929 «= 100—
Bituminous coalf
do _
[Metalliferous
c{o
Petroleum, crude, producing
_«._.do
Quarrying and nonmetallic.......— .do.»__
Public utilities:
Electric light and power, and manufactured gas
1929 = 100-.
Electric railroads, etc
„_
__do_-_Telephone and telegraph.
do._ —
Trade:
Eetail, total
do __
General merchandising
do
Other than general merchandising
1929=100Wholesale
_. _.do
Miscellaneous:
Dyeing and cleaning!
do
86. r>
112,1
95.2
136.1
105.2
82.2
85.1
89.9
108. 4
90.8
108. 5
101. 0
90.7
131,2
101.0
75.1
83.1
85.1
100.7
80.0
106.2
95.3
85.9
129.9
94.0
71.0
79.3
81.6
94.6
80.9
101.6
90.4
80.7
125.3
89.4
69.2
75.3
76.9
84.7
75.5
94.8
86.8
79.8
124. 5
91.8
69.5
75.8
77.5
84.1
75.0
94.6
77.6
122.9
91.6
68.7
74.5
77.3
83.2
74.5
94.3
82.6
75.7
122.9
91.6
67.0
73.2
75.5
80.7
72.8
93.0
83.7
73.1
119.8
90.8
65.7
72.5
72.8
78.0
'70.2
92.0
84.0
71.4
121.0
'88.7
62.3
72.9
71.5
76.0
'68.9
91.1
58.1
99, 4
84.1 !
78.2
54. 7
61.5
102. 4
82. 9
77. 5
53. 3
60.9
101.4
75.4
77.2
49.9
61.4
99.4
70.4
76.5
43.9
59.6
96.8
67.4
75.3
38.2
60.0
95.4
63.4
74.2
37.8
59.3
' 93. 2
••62.3
73.6
' 38. 9
57.0
'85.8
'61.6
73.8
41.7
52.8
' 82.0
58.8
73.2
'43.6
56.0
'80.2
r
55. 8
r
72.8
43.6
98.3
73.4
79. 8
98.6
73.7
79,8
98.5
73.4
79,6
97.3
73.2
78.9
96.1
72.8
78.0
94.0
72.2
77.8
92.9
71.1
75.7
'92.0
70.8
'74.9
91.8
71.1
74.8
'91.6
70.6
75.0
'92.2
70.4
'74.8
87,6
95,9
88.2
93.8
90, 7
103. 7
92.1
108. 1
91.7
1C9.8
100.4
145.9
84.1
91.5
82.4
88.8
83.0
90.5
88.2
101.0
'83.7
'91.9
'83.6
'91.9
79.5
80. 0
85.4
90.6
84. 2
91. 8
87.3
93.0
87.9
94.0
86.9
93.5
88.5
93.3
82.1
91.0
80.7
90.4
81.0
89.1
84.9
88.5
81.5
87.3
'81.4
'87.2
108. 2
97 3
90.4
111.0
105. 8
93.6
1 10. 3
104. 7
94. 3
112, 8
104. 1
95.7
110, 5
99. 9
96. 9
103.5
97.8
96.6
99.2
97.0
94.9
96.7
96.7
94.3
95.4
95.7
94.4
'98.5
94.8
93.4
111.8
'95.4
93.5
'110.0
96.2
93.7
66.8
70,0
71.6
70.4
66.0
45.4
40.2
36.9
36.6
37.7
38.8
. 74
79
86
93
179, 420
62, 608
116, 812
213, 802
81, 902
131, 900
272, 316
115, 853
156, 463
294, 240
134, 248
159, 992
120.7
95.7
138. 1
108.9
87.2
87.7
88.3
108. 3
91. 9
113. 2
128. 5
96.8
136.7
109,9
87.7
88, 9
89. 9
108. 3
91. 8
110. 4
412
93, 7
82,0
78.5
55, 5
49.7
97. 4
83.4
79.3
54.9
02. 0
70. 1
74.9
97.5
73.4
79.7
81. :\
88. 1
70.0
119. 8
88. 1
(58. 2
72.5
7° 2
v 75.' 0
t-8. 9
44. 0
78. u
50 7
Year round hotels t
..do
Miscellaneous employment data:
Construction employment, O hio_. 1926 =100-. v 36. 0
Hired farm employees, average per 100 farms
109
number. _
Federal and State highway employment:
322, 508
Total
number
Construction
do „ _ _ 153, f>02
1CS, 906
Maintenance —
...
do
Federal civilian employees:!
United States
do
District of Columbia
do
Railway employees:
Class I steam railways:
Total
_
thousands _
Index:
52.0
Unadjusted
1923-25=100
50. 7
Adjusted
._
_.do_..Trades-union members employed:
82
All trades
._
_ percent of total. _
CO
Building
do
75
Metal
_
_ _do
87
Printing
.
do
86
All other
,
. do -.
61
On full time (all trades)
do~__-
r
121. 9
98.1
133. 5
110. 0
84.5
87.7
91,4
109. 2
92.2
112.2
107
108
107
110
104
90
67
71
334, 636
184, 829
149, 907
351, 863
191, 710
160, 143
346. 444
179, 416
167, 028
330, 942
170, 897
160, 045
314, 067
150,885
163, 182
255, 530
109, 190
146, 340
196, 858
70, 293
126, 565
177, 675
61, 965
115, 710
85.1
'110.8
'96.6
' 92. 2
37.0
849,819 ' 843,434 -837,227 ' 829,146 ' 821,800 '890,831 ' 812, 301 'r 810,206 '816,998 '827, 276 f 841,176 857, 520
110,942 111,301 111,296 110,809 112,112 114, 350 113,387 113,124 112, 821 113, 819 ' 114,556 115, 774
1, 193
1,182
1,152
1, 134
1,077
1,024
976
955
943
929
920
930
65.7
64.1
65. 1
83. 5
63. 4
62.2
62.5
60. 8
59.3
58.9
56.3
57.8
53.7
56.0
52.6
64.6
51.9
53.4
51.1
51.5
50.7
50.1
51.2
50.1
89
78
94
90
91
69
88
78
93
90
90
68
88
77
93
90
91
68
88
77
90
90
90
69
86
72
89
90
89
66
83
64
85
90
87
63
80
60
81
89
84
59
79
57
79
89
84
58
79
56
76
84
85
58
80
61
75
88
85
59
81
63
75
88
85
60
81
64
75
87
85
62
LABOB CONDITIONS
Hours of work per week in factories:
33.4
33.3
39.2
38. 9
33.8
38.3
37.8
34.1
32.5
35.6
32.9
'33.1
Actual, average per wage earner..
hours32.7
Industrial disputes (strikes and lockouts):!
472
449
'158
'220
361
262
320
131
148
v 195
Beginning in month*
. number-'209
v 190
'233
r 272
746
656
'328
830
583
268
467
333
In progress during month. .„_..
do
'350
"325
'361
*328
Workers involved in strikes:
88, 967
21, 943
67, 242
v 45,000 143,678 143,033
68, 929
32. 357 ' 51, 208 ' 54, 026 ' 76, 008 ' 86, 792 v 45,000
Beginning in month*
do
In progress during month...
_ _ d o _ _ ~ p 75,000 353,682 238.828 100,241 127,109 118,632
60, 518
52, 878 ' 75, 095 '101,894 '107,215 ' 124,615 p 88,000
Man days idle during month
___do
p850,'000 3,007,819 2,270,380 1,449,948 1,181,914 981, 697 674, 205 465, 034 '494,283 ' 773, 743 '781,608 '1,160,817 p850, 000
Employment Service, United States:
Applications:
Active
file
_
__..do__— 8,081,626 4,940,578 4. 853, 34f 1,636,744 4,393,092 4,421,076 4.874,631 6,070,143 6,763,393 6,784,276 '7,258,574
'7,524,731 '7,830,943
7(!'3 0% 295/078 283, 562 278, 945 291, 187 299, 101 452, 035 942, 374 749, 643 806, 113 r 667 466 ' 677,135 ' 803,462
New
do
Placements
_
do
220. 855 341,158 j 357,037 346, 048 303, 293 224, 221 178,667 136,841 131,846 177,157 -•217,576 ' 238,998 ' 246,286
Private
«. —
do
91, 460 128, 890 '153,943 ' 159,198 ' 163,767
150,042 207,578 227,991 239, 605 210, 226 157, 602 129,477
93, 052
4,7
2.1
Private placements to active file* percent-.
4.2
4.8
1.9
3,6
2.7
1.4
2.1
i.y
1.5
2.1
Labor turn-over in mfg. establishments:
4.81
3.36
3. 38
3.78
2.84
2.12
Accession rate._mo. rates per 100 employees-1.79
3.13
3.13
2.58
3.44
3.78
2.84
Separation rate:
3. 81
3.52
3.99
Total
do
4. 62
4.39
6.69
6.87
8.51
4.54
4.46
4.41
6. 08
4.57
Discharge
.
..do
.21
.19
.19
.16
.14
.09
.11
.19
.11
.10
.11
.11
.13
Lay-off
.
„.
do
2. 06
2.57
2.84
3.13
5.99
3.79
3.74
4.45
7.77
3.85
3.82
3.69
5.45
.59
1.25
1.23
1.59
Quit
- do ..
.72
1.G5
.60
.49
.61
.52
.59
.61
.62
PAT BOLLS
100.4
73.2
Factory, unadjusted (B. L. 8.)t--1923-25=100..
103. 8
100. 1
67. 5
100. 1
89.5
80.9
73.3
69.2
70.7
'67.2
71.7
99.4
104. 0
Durable goods groupt__._do.._.
55. 6
100. 7
89.9
63.7
101.7
77.0
63.8
'58.1
61.8
63.9
60.5
Iron and steel and products t..
.do....
120.4
56.1
62.1
113. 5
112.8
85.7
71.9
106. 8
61.3
61.2
'57.4
59.1
60.9
Blast furnaces, steel works, and rolling
142, 3
132. 4
129. 7
mills....
.......1923-25=100^
118.9
92.9
65.5
57.7
75.5
61.7
64.7
'59.0
65.3
63.9
Structural and ornamental metal work
82.3
84.7
83.9
53.2
1923-25=100..
81.6
68.2
56.2
74.5
54.6
'50.4
58.5
53.3
52.7
Tin cans, etc
.
do
122. 6
100.2
107.5
122, 0
128.5
94.4
99.8 I
88.6
'92.2
88.1
93.6
'95.1
90.9
' Revised.
v Prel iminary.
*New series. Beginning with the Novembc r 1937 Issiie, data o n percent of private placemen ts to actr7& file wei e substitiited for tlie series previously shown, w hich was
percent of total placements to active file; data prior to S eptembcr 1936 not shown on p. 29 of the Nove mber 193 7 Survey ivill appea r in a sub sequent is sue. Da ta for the
1Q of
f\ f tViQ
nprinrl 1927-37 nn strikes hpp-inninf in month am1 wnrtprc irivnl \7Arl "n «trilrpc Vsocrinrjim in Tn/Yiit}i «rmr»':srr»,' 1 in tahla 9K1
1QQ7 Survey.
ffnr-r
!5, r»
p. 19
the Tnlrr
July 1937
,
i p. 29 of the August 1938 issue will be pu
when available. For the indicated series on noniivmuf ictunro, employment, fibres rjvist-i hot.-inning l!L'9; see table 65, p. 19 of the August 1938 issue. Massachusetts em-
ployment data revised beginning 1935; revisions not shown on p. 29 of the Jane 1938 issue will be published in a subsequent Survey.
30
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
July
1937
July
August Septem- October Novem- Decem- January Februber
ber
ary
September 1938
1938
March
April
May
June
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS— Continued
Factory, unadjusted (B. L. S.)— Continued.
Durable goods group— Continued.
67.3
45.7
Lumber and products
_ 1923-25 =100—
68.2
65. 3
47.1
71.4
55.1
48.4
47.4
48.1
42.5
45.3
48. 7
48.1
73.9
78.2
Furniture. .. ...
do
76.8
79.2
65. 8
49.2
49.3
47.8
49. 7
60.0
53. 3
'53.8
43 6
54.8
Millwork
—
do
56 1
53 2
51 7
46.3
36.5
40.7
42.8
40.0
41.6
' 42.4
41.7
34.8
52.8
Sawmills..
_ . _
do
52 6
49 4
56.2
40.4
33.9
33. 0
37.4
37.3
38. 2
31.5
' 38. I
73 3
133.6
134 2
137 1
84. 2
134 3
121. 2
Machineryf
do
110.6
95. 9
S8.7
91.8
81. 3
' 7G. 9
172.5
Agricultural implements!
_do
105.8
189.2
172. 1
184.2
203. £
184.5
173.5
175 9
108.
G
162.5
178.3
' 141.0
124.1
Electrical machinery, etc
__do
64.8
124.1
124. &
126.8
114.3
102. 9
88.1
81.7
78.1
72.7
G9. 1
67.3
Foundry and machine shop products
63.9
114.8
1923-25=100..
114.2
118.9
113, t
101.8
79.9
71.5
93.0
70.1
77.6
75.2
r 65. 8
T
77 3
Radios and phonographs
do
166. 1
175 8
173 9
165 5
123. 0
70. 2
71.6
69.0
98.7
75. 1
60. 7
70. 1
r (j5_ 5
65. 4
105.3
Metals, nonferrous
do. .
109.9
73. 2
110 1
86.5
69. 3
109 9
99.9
74. 2
73. 4
68. 7
T
t>9
O
134.5
Aluminum mfrs
do
86 5
141 2
115 8
135 7
96.
9
97.2
127.8
110.7
100. 5
92. G
84. 8
Brass, bronze, and copper products
72.4
116.7
1923-25=100..
92.1
71.4
116.6
113.2
106.7
80.3
70.2
09. 0
70.5
67,2
71.8
79.2
146.2
Stamped and enameled ware
.do
149.2
156.4
157.0
88.6
98. 3
92. 9
141. 5
114.7
92. 8
101. 1
' 84. 8
63.5
Railroad repair shops
.do
40.7
43.
2
63.1
64.9
47.
3
67.3
63.3
45. 6
55.7
45. 5
42. 5
' 41.0
T (j,"
2
67.0
64.2
Electric railroads
do
68 7
67 7
68.4
68 0
70. 1
08, 4
68.2
68. 5
67. 7
G7. 3
63.3
39 1
Steam railroads
do
62 9
67 4
45. 9
64 9
54.7
43. 9
41. 5
40. 8
63,0
44.0
' 39! 2
66.1
Stone, clay, and glass products
do
48.3
69.9
69.6
54. 5
49. 4
70.5
63.6
46. 6
48.1
12. G
43. 6
' 51. 3
46.2
32.2
Brick, tile, and terra cotta
do
46.4
2-5. 5
32. 3
46.2
44.2
36.4
30.8
24. 3
26. 0
29. 2
' 32. 5
72.4
Cement_. _
do
65 9
72 8
44. 4
77 1
72 2
67,3
50. 2
58.8
58.0
' 65. 9
44.7
66. 4
108.6
19Q 3
Glass
do
68 5
118 7
77.1
119 2
77.1
111. 9
95.8
SO. 1
80.8
78. 5
' 77. 1
r
117.5
12Q 9
Transportation equipment!
do
51 9
112 8
104 4
120 0
92.4
68. 6
67.0
65. 4
66. 0
59. 9
5~ 7
123.6
Automobiles
. do_ . 47.7
105 6
125. 8
63. 8
138 3
62. 5
115 3
90.8
62.3
61.9
56. 1
r 53! 7
r
83.4
Cars, electric and steam railroad t— -do
27.0
82.5
87.4
79.7
48.
9
47.9
65.0
-13.
5
39.
6
34.4
81.1
'
31.1
1
Shipbuilding..
do
111.7
103 9
1112
119 0
24 4
118 8
121.4
126.5
109. 3
105. 9
109. 5
10G. 7
' r 108.9
100.0
82.6
Nondurable goods group!
-do
100.9
98.2
103. 5
85. I
89.0
85.8
81.6
82.0
85.3
80.3
78.8
r
136.8
Chemicals, petroleum products,,
do
114 2
132.1
117. 5
140 7
139 0
137 5
124,4
119.4
110.3
119.2
117.7 ' 114.8
153.9
Chemicals
do
116 3
156 1
150 9
130.4
122.6
141.7
150 6
124.3
117. 6
115.9
110.6
' 117.2
112.0
Druggists' preparations
do
112.8
123,0
127.3
128. 9
125. 8
1 18. 4
1 14. 8
124.0
1 14. G
115.9
114.8
115.3
138.3
Paints and varnishes,
do
113 9
106. 4
135 4
131 6
134 1
124.8
116. 1
116.7
122.2
110.5
113.3
'
118.2
r
r
Petroleum refining.
do
143.1
135.4
1 34. 7
143.1
142. 3
140.4
137. 9
135.4
133. 8
150.5
138.4
137. 1
13G. 6
r
392.9
Rayon and products -. -- do
266 1
393 6
275. 5
374 9
360. 3
313.5
283. 4
400 7
300.
4
200.
3
275.
0
258.
I
r
128.3
Food and products
do
10(1 5
117 7
133 2
125 0
115. 9
110.4
104. 1
131 2
.1 0 1. 3
103. 4
107.0
' 111.1
134.9
Baking
_
do
125.2
131 6
136 1
127.4
132 4
130. 3
126. 1
137 3
126, 5
120. 3
1 28. 1 ' 130. 4
284.8
Beverages
do. _.
259 0
253 0
222 4
199. 8
*>73 4
209. 3
212.7
202.0
223. 0
233. 1
217. 3
245. 0
99.9
Slaughtering and meat packing
do
98.3
98.0
108. 3
96.6
100.1
104. 7
95. 9
102.3
92. 0
94. 6
92.0
95.5
84.6
Leather and products
do _
65. 6
68 5
71 6
66 3
53.8
58.4
83 7
73. 2
72.7
67.1
58. 3
55. 1
79.8
Boots and shoes
do
63.1
66 1
78 7
64 5
58 7
63.2
46.0
71.9
71.9
65. 7
54. 1
49.6
104.0
Leather, tanning, finishing, etc
do
79.3
98.6
95.0
76.9
80. 2
103.8
82.7
78.5
78.2
74. 4
74 7
7G. 1
101.6
Paper and printing
do
95. 4
91 6
103 7
105 1
102 6
101.5
•M 4
96. 6
100. 8
94. G
93.' 8
91.4
119.2
Paper and pulp _ _
do
97. 7
98 3
117 6
116 7
J02. 9
123 8
105.4
103, 4
98.8
98.
7
99.
9
96.
4
r
96.8
Rubber products
do
62 6
97 4
(id 1
94 3
97 0
59. 2
82.0
77.1
GO. G
63.1
G3.2
61.7
93.6
Rubber tires and tubes
do
90.4
84.3
59. 0
72.9
6L.4
89.8
70.8
' 52. 4
50. 6
54. 6
57.0
58.
4
r
85.5
65. 5
Textiles and products
do
65 3
87 1
84 2
68. 7
92 1
74. 5
74. 6
71.5
63.7
60.3
68. 6
89.6
81 0
Fabrics
do
G5. 0
67 2
85 3
90 0
71.5
69. 5
08.4
68. 9
G2. 7
G2. 0
' 64. 0
73.8
Wearing apparel.
do
63. 8
87 0
58 9
87 0
68. 6
65.2
92 4
81. 4
83.8
74.6
G3. 0
54.6
55.8
Tobacco manufactures. _
do
57.9
56.5
44.6
57.2
67.2
48.8
52.7
55.7
' 50. 7
52.5
49.3
55. 2
Factory, unadjusted, by cities and States:
City or industrial area:
123.4
Baltimore
1929-31 = 100..
87.1 '121.8
90.9
120. 9
124.4
110.1
94.8
92. 2
98.9
96. 2
' 87.2
89.1
75.4
74 7
59. 7
Chicago
1925-27=10a .
75 4
76 2
64.3
56. 5
67.9
58. 3
50 8
54.4
52. 9
50. 8
118.8
Milwaukee
--. do
117 7
87.8
118 6
121 8
113.9
100. 2
87." 0
8"! 4
84. 4
77 4
72.3
New York
_
do
70.5
81 4
81 7
66 7
80 0
74.7
73,7
76. 3
74. 3
GS. 5
66.
6
r
103.5
102 0
82.3
103 5
76 3
95.4
85. 5
Philadelphia!
1923-25 — 100
105 2
91.1
84! 3
7G. 1
79. 3
74. 7
128.2
124 6
71.0
Pittsburgh
do
72. 2
119 7
84.3
70. 8
58 3
138 9
99.0
67. G
68. 5
' 62. 2
110.9
106.6
102 7
Wilmington
do .
95.1
72 9
82.7
77.2
106 6
76. 8
91.2
73.1
72. 3
71. 9
State:
103.9
101 8
96 2
77.0
Delaware
-_
do
72.1
70 2
88.3
84.7
105 6
71.7
67. 5
69. 1
' 68. 3
83.9
Illinois
1925-27=100
85 2
84 3
71.2
65. 1
55 9
86 1
76.3
63. ()
64. 4
GO. 9
58. 4
56. 6
Maryland
1929-31=100
123. 5
121 0
89 0 ' 123.6
110.7
99.3
125 1
91.6
96. 8
96. 0
91.3
93. G
' 89. 1
86.9
81 9
61.3
G7.5
62. 0
Massachusetts!
1925-27=100
57 1
85 9
75 4
62. 9
64. 4
57. 8
55. 3
59. 1
85.7
84 4
New Jersey
1925-25=100
85.0
71.2
68 4
79.8
76.3
89.0
71.9
70. 5
08. 7
G8. 3
OS. 2
84.9
68. 9
New York
1925-27=100
86 5
84 8
64 8
70. 6
76.7
74.2
70. 6
87 2
G4. 2
G7. 4
G3. 5
'99.0
95.3
65. 7
97.5
61. 1
103.6
74.7
68. 4
Pennsylvania!-1923-25=100
82.7
67.7
65. 7
G4. 7
' G2. 0
Wisconsin
1925-27 = 100
110.7
110 3
105.1
87.8
89. 5
113 0
111.5
97.5
89.3
84.4
83. 0
86. 8
Nonmanufacturing, unadjusted (B. L. 8.):
Mining:
38.2
46. 5
34.2
55.4
Anthracite!
1929=100..
49.0
20.2
29.6
40. 1
51.3
47.3
39. 0
38. 3
49. 7
r
r 5 ( j _ ;.>
70.2
77.7
100.7
95.1
90.9
57.3
86.3
91.1
74.0
68. 4
Bituminous coal!
do
55. 5
' 57. 0
Metalliferous
do
82.2
58.9
77.8
81.7
38 8
83.0
65.1
55. 9
71.6
' 56. 3 T 53. 3
51.2
' 46. 0
70.5
Petroleum, crude, producing
.do
68. 2
71.2
69.9
70.2
67.8
70.8
69.8
f><). 6
68. 0
68. 0
' 66. 8 ' 67. 6
r
50.8
Quarrying and nonmetall ic
do
50.1
49.3
33.4
27.7
37 2
41.7
28. R
53.2
30. 2
33. 9
38. 2
' 37. 3
Public utilities:
Electric light and power and manufactured
r
102.2
105.3
98. 9
gas
1929=100.
98.3
102.8
103. 8
102.4
98.5
98.6
104.0
97. f>
' 97. 3 ' 98. G
r
70 6
71.6
70.8
71 4
69. 9
68 9
73.1
Electric railroads, etc-do
71.8
71.9
70 2
70. 0
71.2
69. 7
r
92.1
92.3
94.9
91.4
93. 7
Telephone and telegraph
do _
90.8
92.1
92,0
94.7
89. 5
91.3
91.6
' 90. 9
Trade:
f;,9, .}
72 2
75.9 ;'
Retail, total
do
68.2
72.8
72.3
74.4
70.1
08. fi
75.3
80.6
70.0
'r 69. 5
r
96.2
General merchandising
do
92.4
97.1
H2 2
87.3
84 6
80.6
123.3
85.7
81. 5
89 ! 4
84. 2
84. 3
71.7
Other than general merchandising .do
69.8
69.5
70.7
71.8
05. 8
65.6
70.8
67. 1
ti.'x 7
G7.0
r.8. o
66.4
r
75.4
79.3
Wholesale
do
73.7
76.9
79.0
78.3
78.3
77.8
75. 3
74. G
74.7
75.1
73. 8
Miscellaneous:
r
r
83.6
G, > o
79.5
85.7
73.7
Dyeing and cleaning!
do __
77.2
81.3
65. 3
'r 08. 2
68.6
87.2
80. 8
'r 83. 3
86.4
83.4
81.1
82 5
88.0
80,1
89 0
79. 1
78. t>
Laundries!
do
81.1
' 80. 0
SO. 9
81. 8
79.4
82.4
84.1
80.5
84.3
81. 5
83.5
77.7
82.8
' 80. 9
80.5
Year-round hotels!
do
' 80. G T 79. 6
r
Revised.
JKevised series. For factory pay-roll indexes beginning January 1934, see table 13, p. 19, of the March 1937 issue. For pay-roll indexes for Philadelphia and Pennsylvania for 1935 and 1936, see table 35, p. 20, of the August 1937 issue. For the indicated series on noninanufacturing pay rolls, figures revised beginning 1929; see table 65, p. 19,
of the August 1938 issue. Massachusetts pay-roll data revised beginning 1935; revisions not shown on p. 30 of the June 1938 issue will be published in a subsequent Survey.
K
31
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
July
1938
1937
July
August
Septem- October Novem- December
ber
ber
January
Febru- March
ary
April
June
May
EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES-EABNINGS AND RATES
Factory, average weekly earnings (25 industries)
(N.I. O.B.):
All wage earners
dollars..
Male:
Skilled and semiskilled _ . . . d o
Unskilled
do
Female
do
All wage earners
. 1923=100
Male:
Skilled and semiskilled
do
Unskilled
do...
Female
do
Factory average hourly earnings (25 industries)
(N.L C.B.):
All wage earners
dollars
Male:
Skilled and semiskilled
do .
Unskilled
do
Female
.
do
Factory, average weekly earnings, by States:
Delaware
1923-25=* 100. _
Illinois
.. 1925-27=100
Massachusetts
do
New Jersey....
..1923-25=100
New York
1925-27=100..
Pennsylvania .
1923-25=100
W isconsin
1925-27 — 100
Miscellaneous wage data:
Construction wage rates (E. N. R.):§
Common labor
dol. per hour
Skilled labor
do
Farm wages, without board (quarterly)
dol per month
Railways, wages (average)
dol per hour
Road-building wages, common labor, on
public works projects:
United States, total
dol. per hour
East North Central
._ _. do
East South Central
do
Middle Atlantic
do
Mountain States
do
New England
do
Pacific States
do
South Atlantic
do
West North Central
do
West South Central
do
Steel industry wages:
U. 8. Steel Corporation 1
do
Youngstown district percent of base scale
23.92
27.83
27.76
27.39
27.12
25.59
24.36
22.98
23.53
23.63
23.53
23.38
' 23. 74
26.08
19 74
15. 17
89.9
31.54
23 32
17.45
104.6
31.42
23.12
17.18
104.3
31.21
23 07
16.78
102.9
30.37
22 68
16.52
101.9
28.97
21 44
16.65
96.2
27.42
20 34
15.56
91.6
25.63
18 97
14.79
86.4
26.00
19 53
15.35
88.4
26 34
19 59
15. 10
88.8
26.11
19.54
14.52
88.4
26.04
19 52
14.46
87.9
'r 26. 07
19. 70
14 62
'89.2
84.0
88.6
88.0
102.4
104.7
101.2
102.0
103.8
99.7
101.3
103. 5
97.3
98.6
101.3
95.8
94.0
96.2
90.8
89.0
91.3
90.3
83.2
85.1
85.8
84.4
87.7
89.0
85.6
87.9
87.6
84.7
87.7
84.2
84.5
87.6
83.9
84.6
'88.4
84.8
.713
.711
.713
.716
.716
.717
.716
.710
.710
.714
.717
.718
'.719
.794
.583
.472
.796
584
.475
.799
.587
.477
.800
.590
.481
.801
.590
.484
.802
.589
,486
.803
.686
.484
.794
.578
.480
.791
.577
.480
.794
.579
.483
.796
.580
.483
.800
.585
.477
.800
.585
.476
84.7
86.7
90.5
95.2
99.7
109.0
96.1
106.9
97 6
86.2
96.6
. 98.0
111.5
97.0
112.6
99.6
87.6
94.2
96.9
108.0
94.7
104.9
95.4
90.1
96.2
91.7
110.5
94.4
104.0
100.2
91.8
91.3
91.2
107.0
90.2
95.4
96.0
93.2
90.1
90.7
107.2
91.0
91.4
92.6
89.2
87.7
88.7
105.4
89.6
85.6
88.3
86.9
87.5
90.6
105.8
91.0
88.9
93.1
88.2
88.3
90.3
105.6
91.4
89.9
92.8
85.4
87.4
88.3
104.1
89.3
88.6
91.4
86.3
86.8
88.0
106. 0
88.2
••90. 2
85.0
85.9
88.8
104.8
88.7
'88.8
.677
1.43
.662
1.35
.668
1.37
.673
1.37
.676
1.38
.678
1.38
.678
1.39
.680
1.39
.675
1.39
.675
1.40
.667
1.40
.673
1.40
.677
1.42
35 52
36 14
.662
.696
.708
36.71
.723
.733
.733
33.28
.737
.751
.724
34.81
.729
.729
.722
,41
.66
.27
.44
.53
.46
.61
.27
.44
.30
.42
.68
.28
.46
.53
.46
.63
.27
.43
.32
.43
.56
.28
.47
.54
.45
.63
.27
.45
.32
.43
.57
.28
.47
.55
.45
.64
.27
.47
.31
.41
.57
.29
.48
.53
.43
.63
.27
.45
.33
.38
.58
.28
.50
.53
.42
.64
.26
.44
.34
.34
.59
.28
.51
.51
.45
.60
.26
.41
.34
.33
.60
.27
.52
.53
.46
.62
.26
.41
.36
.33
.61
.27
.53
.55
.52
.64
.26
.39
.36
.35
.58
.27
.49
.56
.45
.65
.27
.41
.36
.40
.59
.28
.48
.56
.45
.66
.27
.45
.36
.625
125.0
.625
125,0
.625
125.0
.625
125.0
.625
125.0
.625
126.0
.625
125.0
.625
125.0
.625
125.0
.625
125.0
.625
.625
105. 4
89.7
87.0
.625
FINANCE
BANKING
Acceptances and com'l paper outstanding:
344
352
265
Bankers' acceptances, total
mills, of delHeld by Federal Reserve banks:
0
0
For own account
do
(°)
2
1
3
For foreign correspondents
do
Held by group of accepting banks:
263
265
217
Total...
mills, of del144
143
133
Own bills
do „
84
120
121
Purchased bills
do _
79
83
47
Held by others
_.
.do
211
325
329
Com'l paper outstanding
do
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
3,399
3,393
3,319
Grand total
do
2,874
2,879
2,795
Farm mortgage loans, total
do _.
2,048
2,014
2,051
Federal Land Banks
do
782
829
826
Land bank commissioner
do
102
99
100
Loans to cooperatives, total
do
Federal Intermediate Credit (direct)
1
1
mills, of dol. _
(°)
Banks for cooperatives inch Central
56
52
75
Bank...
mills, of delAgricultural Marketing Act revolving
44
46
25
fund—
mills, of dol_.
424
421
417
Short term credit, total
.do —
Federal Intermediate Credit Banks, loans
to and discounts for:
Regional Agricultural Credit Corps.',
Prod. Credit Ass'ns and banks for
171
199
170
cooperatives c?
mills, of dol..
48
48
43
Other financing institutions
do
164
163
184
Production Credit Ass'ns
do
22
21
Regional Agr. Credit Corp
do
14
128
128
127
Emergency crop and seed loans
do
69
59
56
Drought relief loans
do
113
115
Joint Stock Land Banks in liquidation.. do
'
93
•Less than $500,000.
' Revised.
iBasic rate for common labor.
§Construction wage rates as of August 1,1938, common labor, $0.677; skilled
cf To avoid duplication, these loans are excluded from the totals.
344
346
348
343
326
307
293
279
268
264
0
1
0
2
0
2
0
2
0
2
0
1
0
0
2
0
2
274
148
127
69
331
282
153
129
62
323
279
148
131
67
311
278
147
131
63
279
266
147
119
' 59
299
246
140
106
61
293
C)
236
143
93
57
297
0
1
229
141
89
48
271
218
139
80
48
251
210
135
76
52
225
3,386
2,869
2,045
823
115
3,362
2,863
2,043
820
120
3,352
2,856
2,039
817
129
3,334
2,848
2,035
813
120
3,321
2,839
2,031
808
119
3,321
2,834
2,030
804
116
"3,328
2,824
2,026
799
111
3.337
2,818
2,023
795
107
3,335
2,811
2,020
791
104
3,336
2,804
2,018
786
106
(a)
1
1
2
2
2
2
1
1
1
67
73
82
88
87
87
82
80
78
81
47
402
45
379
45
368
31
366
30
364
28
371
27
393
26
412
25
420
25
426
167
47
154
19
123
58
111
160
42
143
17
119
58
110
161
41
137
16
116
57
107
165
40
138
16
115
57
104
165
39
139
15
113
57
102
173
39
148
15
113
57
100
186
40
163
15
119
56
98
196
41
173
15
127
56
97
202
41
180
15
128
56
96
208
43
184
15
128
56
94
labor, $1.43.
32
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1836 Supplement to the Survey.
1937
1938
July
September 1938
1938
Decem- January FebruAugust X"" |°<**« November
1
bcr
ary
July
March
April
May
June
FINANCE-—Continued
BANKING— Continued
Bank debits, total
mills, of dol__
New York City
do
Outside New York City
do
Brokers' loans:
To N. Y. S E. members
_ _- do
By reporting member banks. (See Federal
Reserve reporting member banks, below.)
Federal Reserve banks, condition, end of mo.:
Assets (resources) total
mills, of dol
Reserve bank credit outstanding, total
mills, of doL .
Bills bought
.-do
Bills discounted
..do
United States securities..
do
Reserves, total
do
Gold certificates
.
_.do_ ...
Liabilities, total
do
Deposits, total __ __ -~do
Member bank reserve balances, total
mills, of dol_Excess reserves ^estimated)
do
Notes in circulation
do
Reserve ratio „
_ percent
Federal Reserve reporting member banks,
condition, end of month:
Deposits:
Demand, adjusted-mills, of dol_
Time
do
Investments, total
-- _do
U. S. Government direct obligations. do
U. S. Government guaranteed issues -do
Other securities _do
Loans, total _. _,
_.do__.
Commercial, industrial, and agricultural
loans .
-_
Open market paper©
mills, of dol__
Loans to brokers and dealers in securities
mills of del..Other loans for purchasing or carrying securities©
mills, of dol_.
Loans to banks
Other loans©
.
Interest rates:
do
do
36, 914
16 751
20, 163
31,S9o
13, 47«
18, 420
33, 371
H 71 S
IS, 652
30, 085
16 15 i
19,934
31,603
13 43?
18, 171
39,314
IS, 277
20, 837
32, 084
14, 477
17, 607
25, 547
10 9"! 5
14, 633
32, 120
14 746
17 373
31, 169
14 572
16, 597
28 841
12 828
16, 013
32 797
15 637
17, 160
494
1,174
1, 1S6
1, 039
726
688
659
597
577
521
467
459
470
14 285
12 462
12, 394
12 78ft
12 796
12, 879
12, 697
12 796
12 925
14 322
14 179
14 214
2, 589
1
2,574
3
2, 577
3
2,612
10
2, 564
11,049
10, 642
14, 285
9,270
2, 526
9, 160
8,843
1? 462
7,288
2,52G
9, 135
8,8-50
12, 394
7, 228
17
9^452
9, 138
12 7Sf>
7, 529
9, 134
1 2, 727
7,513
?. 450
9. 132
2,564
9, 481
9, 129
12, 879
2,593
1
12
2, 564
9, 556
9, 127
] 2, 697
7, 775
2, 590
1
10
2, 564
9, 637
9, 183
12 796
7,850
2,611
1
13
2, 580
9, 690
9, 223
12, 925
7,917
2, 594
1
9
2,564
11,091
10, 650
14 322
9,298
2, 582
15
2, 580
3
2, 606
7
2. 579
3
9
2,564
11 030
10, 648
14 179
9,212
2,596
1
8
2,564
11 041
10, 645
14 214
9,247
8,164
3,022
4, 135
82.4
6, 753
791
4,221
79.6
6, 751
773
4, 252
79.6
7,014
1, 038
4, 263
80. 1
6, 928
1 055
4. 279
80. 1
6, 962
1, 169
4, 274
79.9
7,027
1,212
4,284
79.9
7,237
1, 383
4, 138
80.2
7,248
1 415
4, 139
80.4
7,287
1,546
4, 142
80.3
7,623
2 548
4 148
82.5
7,665
2 568
4 157
82.5
14,951
5, 193
12,395
7, 655
1. 646
3, 094
8, 165
15. 033
5, 268
12, 499
8,283
1, 188
3, 028
9, 784
14, 924
5, 268
12, 292
8,193
1, 130
2, 969
10, 027
14, RC4
5, 290
12, 022
7, 903
1.131
2,988
10, 004
14, 610
5, 27*
12,029
7, 90$
1,337
2, 924
9 625
14, 012
5,234
11,940
7, 903
1, 118
2, 859
9, 441
14, 431
5, 205
12, 015
8,018
1, 1 16
2,881
9, 387
14, 464
5,225
12, 253
8. 165
1,141
2, 947
8, 981
14, 381
5 260
12, 298
8, 137
1,159
3,002
8,933
14, 268
5,221
12, 039
7,778
1, 156
3, 105
8,771
14, 598
5 230
12, 257
7,987
1,199
3,071
8,587
14, 589
5 216
12, 202
7,844
1,411
2,947
8,334
15, 036
5 239
12, 240
7,770
1,488
2,982
8,321
3, 865
336
4, 425
464
4, n;',s
4, 807
•i, 761
477
4, 637
4, 601
46 1
4,394
455
4, 357
431
4, 299
418
4,187
393
3,992
365
3,936
340
602
1, 363
1,392
901
870
894
762
769
680
652
603
652
574
1, 161
701
1 163
635
1,1 f.5
150
135
97
600
1,169
050
1, 107
111
703
L 164
96
68
1,516
1,6 IS
1, 529
1,551
1,561
1,568
617
1, 161
65
1, 527
616
1 158
82
1, 520
605
1 150
96
1, 523
591
1 149
104
1,511
583
1 156
114
1,521
583
1 160
113
1,537
7/ a
yiQ
Ms
7yiQ
'
7
7/
7/
7
2.36
2.34
2, 40
2.36
2.40
2.36
466
22
2, 526
475
9 ^<M
7, 548
1, 565
ne
7«'
Bank rates to customers:
In New York City
_
.
do
In eight other northern and eastern cities
per cent. _
In twenty-seven southern and western cities
percent. Call loans, renewal (N. Y. S. E.)
...do
Com'l paper, prime (4-6 mos.)
do
Discount rate, (N. Y. F. R. Bank). _..do-__
Federal Land Bank loans
do
Intermediate Credit Bank loans
do
Time loans, 90 days (N. Y. 8. E.)
do
Savings deposits:
Savings Banks in New York State:
Amount due depositors
mills, of doL—
U. S. Postal Savings:
Balance on deposit in banks.
30, 506
13 828
16, 678
_._do
A&
y\ e
8,024
' 2 875
4 149
82.4
At
2.27
2. 36
2.41
2. 39
2. 3H
24*
2. 40
3.28
3.32
3.29
3.33
3.37
3.42
3,33
3. 37
3.29
3.25
3.26
3.27
3.38
4,12
1.00
4.18
LOO
1
•LOO
4. 00
2.00
IK
4.18
LOO
4.16
1. 00
4.17
1. 00
1
1. 00
4. 00
2. 00
4. Jo
1. 00
1
LOO
4. 00
2, 00
4.] 0
LOO
1
LOO
4.00
2. 00
IK
4. 09
LOO
1
1.00
4.00
2.00
IK
4.15
1.00
4.13
1.00
4.13
1.00
3
4.14
1.00
LOO
4.00
2.00
IK
4.19
1. 00
1
1. 50
4,00
2. 00
1H
4.00
2.00
1.00
4.00
2.00
IK
1.00
4.00
2.00
IK
5,329
5,267
5,270
5, 291
5, 255
5, 250
5,252
5,290
5,297
5,329
5,303
5,307
5,336
1 252
99
1,271
133
1, 273
133
1,270
132
1 ?69
130
1 270
' 129
1 270
130
1,272
125
124
1 268
121
1 262
119
1 255
••116
1 252
109
1 116
42
39
184
10
30
27
4
11
1
7
10
8
45
3
28
735
116
20, 106
5,449
1,175
4,383
123
727
927
1 053
44
59
187
8
36
13
2
13
9
6
18
7
45
3
27
661
102
14, 559
1,028
742
4,449
128
659
231
1 018
42
57
172
2
18
16
6
15
7
6
15
4
59
4
20
649
98
12, 236
460
1,128
3,808
11
304
192
n
1.00
LOO
4.00
2.00
IK
^
4. 00
2.00
IK
IK
4.00
2.00
A-i
LOO
H-i
IK
COMMERCIAL FAILURES
032
995
707
78?)
564
768
1,320
1 088
1 071
Grand total
number
618
40
30
48
45
56
25
64
47
Commercial service? total- _ _ __
do
3ft
60
49
53
37
45
60
52
31
36
51
Construction, total
do
164
148
200
216
172
117
191
131
203
Manufacturing, total
do ._171
5
R
p.
5
4
4
10
Chemicals and drugs . _
_ do
3
31
48
27
30
42
45
37
41
33
31
Foods
do
11
12
23
17
10
14
15
Forest products
do _
10
13
1
1
1
1
1
8
2
0
Fuels
_ _ _ _
do
3
3
11
5
3
10
8
9
12
5
8
Iron and steel
do
9
5
6
4
9
3
3
6
3 S
Leather and leather products—...-.. -do
7
8
0
6
12
19
10
13
Machinery
do
10
8
21
12
12
12 !
Paper, printing, and publishing
do
20
15
13
19
11
4
6
4
2
8
4
7
Stone, clay and glass products
do_,__
30
56
57
66
30
33
49
Textiles
do
13
53
43
1
4
4
6
2
3
8
Transportation equipment
do
2
34
22
27
2.
20
10
13
28
33
32
Miscellaneous
do
440
527
617
403
336
679
437
379
872
Retail trade, total
_ _
do
685
116
4fi
82
87
77
104
97
52
107
Wholesale trade, total
, _ _ do ._
100
8,393
13, 291
15, 567
7,766
15, 035
13, 359
10, 078
9, 3?>"
11,916
Liabilities: Grand total..— — thous. of doL. 10, 793
421
437
709
401
822
640
571
578
Commercial service, total .... _ > do _.
1,100
8 IS
994
852
424
376
473
431
612
634
775
873
Construction, total
do
3,214
3, 006
3, 058
2,988
5 o03
4,106
4.517
4,302
3, 703
5.117
Manufacturing, total
do
57
100
13
103
79
21
196
17
63
Chemicals and drugs
do __
128
305
834
1,077
743
529
577
1, 363
519
1,070
Foods
do
300
462
146
148
338
152
98
147
251
427
Forest products
do „
236
• In effect beginning Aug. 27,1937,
'Revised.
®Form of reporting member bank loans revised beginning May 1937; the new items, which ?rc self-explanatory, are not available prior to that
cussion of the significance of the new series, see the Federal Reserve bulletins for May 1937, p. 440, and June 1937, p. 530.
date. For a detailed dis-
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
July
33
1937
July
August
September
1938
DecemOctober November
ber
January
February
March
April
May
June
FINANCE—Continued
COMMERCIAL FAILURES— Continued
Liabilities— Continued.
Manufacturing— Continued.
Fuels
thous. of dol..
Iron and steel
__.
do
Leather and leather products
do
Machinery
do
Paper, printing, and publishing. . do
Stone, clay and glass products
do
Textiles
do ._
Transportation equipment
do
Miscellaneous
do
Retail trade, total
_.»_do
Wholesale trade, total
do
LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, totalt—
-.mills, of dol.~
Mortgage loans, total
do
Farm
do
Other
do
Real estate holdings *do _ _ .
Policy loans and premium notes
do
Bonds and stocks held (book value), total
mills, of doL_
Government (domestic and foreign). .do
Public utility
do .._
Railroad
do
Other
do
Cash*
do
Other admitted assets*
_ do _ _ .
Insurance written: ©
Policies and certificates, total number
thousands ..
Group
_
_ _ do _Industrial
do
Ordinary
_
do
Value, total
thous of dol
Group
do
Industrial „_
,_
do __
Ordinary
do
Premium collections, total
do
Annuities
do
Group
do
Industrial
do ...
Ordinary
do
(Life Insurance Sales Research Bureau)
Insurance written, ordinary, totalt mills, of dol,.
New England t
do
Middle Atlantic!..
do __
East North Central f
do
West North Central f
. do .
South Atlantic!
do
East South Central!,
do _
West South Central!
_
do ..
Mountain!
_
do
Pacific!
— do -..
Lapse rates
1925-26 •» 100
57
354
8
1,336
95
174
128
159
325
216
78
69
1,764
204
71
55
121
0
473
116
430
142
210
1,163
74
437
2,861
1,043
2,675
54
245
348
257
29
548
237
218
2,896
2,346
51
1,187
158
354
3,074
1,060
16
729
212
704
3,116
1,431
148
488
66
604
3,816
1,391
137
872
100
368
4,622
1,991
64
115
136
106
1,039
85
403
7, 614
1,900
117
914
5
630
5,484
1,646
155
1,480
51
576
6, 419
3,395
211
1,235
182
467
7,140
1, 959
163
1,004
192
752
6,232
2,108
152
996
98
349
5,626
1, 214
22, 209
4, 291
672
3,619
1,800
2, 665
21, 120
4, 144
21, 221
4,155
21, 317
4,165
21, 432
4,176
21, 536
4,183
21, 623
4,213
21, 705
4,217
21, 772
4,236
673
3,544
674
3,562
21, 851
4,240
21, 943
4,256
22, 057
4,276
1,767
2,609
1,767
2,614
1,770
2,630
1,774
2,633
21,614
4,199
675
3, 524
1,768
2,635
1.769
2, 640
1,775
2,643
1,773
2,649
3, 568
1,780
2,659
1,784
2,663
3, 604
1, 797
2, 667
12, 349
5, 560
2,789
2, 752
1,248
774
330
11,570
6, 269
2,526
2,765
1,010
581
451
11, 651
5,300
2,527
2,772
1,052
11, 709
6,348
2,543
2,773
1,045
11, 908
6,442
2,593
2,778
1,095
644
431
609
429
11,941
5, 485
2,601
2, 710
1,145
600
371
11.970
5,490
2,619
2,718
1,143
680
351
11.999
5,470
2,668
2,720
1,141
712
359
12, 053
5,493
2,685
2,730
1,145
737
324
12,120
5, 499
2,713
2, 761
1,147
731
321
12, 159
5,510
2,730
2, 764
1,155
12, 199
5,486
2,760
2,756
1, 197
587
452
628
434
11, 781
5,358
2,576
2,775
1,072
720
12
945
69
038
40
871
25
982
28
916
24
929
44
689
202
674
211
793
20
766
25
878
20
833
16
892
24
784
30
528 452
18, 659
153, 392
356, 401
287 110
66, 779
10, 423
56, 737
153, 171
743, 716
93, 863
204, 121
445, 732
253, 191
27, 987
11,037
56, 097
158, 070
703, 123
62, 186
210, 898
430, 039
245 561
24, 167
10, 989
61,131
149,274
637, 695
49, 921
197, 339
390, 335
230, 770
22, 396
10, 616
54,438
143, 320
701, 038
45, 437
226, 243
429, 358
237, 522
23, 243
10, 066
53, 444
150, 769
681, 376
42, 238
211, 409
427, 729
251,012
25, 325
10, 751
61,412
153, 524
764, 803
87, 386
213, 976
463, 441
337, 493
46, 538
12, 568
92, 441
185,946
589, 165
31,401
179, 975
377, 789
261, 842
32, 444
12, 131
60, 996
156,271
589, 407
41,671
174, 092
373, 644
246, 708
23, 354
10, 643
58, 314
154, 397
672, 142
33, 050
198, 025
441,067
274, 277
24, 894
12, 656
58, 003
178, 724
617, 475
37, 815
193, 131
386, 529
255, 403
21, 665
11, 603
66, 589
155, 546
618, 807
43, 076
191, 648
384, 083
254, 629
21, 662
10, 840
61,021
161, 106
597, 773
45, 076
170, 312
382, 385
258, 072
26, 369
11, 048
56, 103
164, 552
457
32
589
41
548
37
500
34
580
41
573
40
634
40
494
36
489
36
568
43
500
38
491
35
503
35
95
243
166
231
293
350
834
18
241
4,855
1, 927
511
197
119
99
51
43
18
42
14
40
27
31
53
67
184
686
3,458
1,763
2,611
668
217
163
132
60
55
24
45
17
50
683
3,472
687
212
143
126
56
53
24
41
17
50
105
81
685
3,480
646
200
127
113
52
49
23
42
14
47
683
3,493
741
212
164
132
58
52
23
44
16
49
197
232
174
678
3,505
159
132
58
52
22
44
17
49
164
143
69
61
26
56
20
56
99
674
3.539
597
176
140
113
50
44
19
39
14
39
577
164
137
107
50
45
19
41
13
40
18
178
109
195
213
656
202
156
122
58
54
25
48
16
47
143
211
14
80
63
672
643
175
139
105
52
48
21
40
14
43
67
149
323
458
323
672
3,584
759
322
648
220
133
102
52
48
20
44
14
43
1,062
196
94
75
279
672
785
333
580
174
138
107
52
48
21
43
15
44
MONETARY STATISTICS
Foreign exchange rates:
.333
.335
.330
.333
.332
.332
.331
.330
.333
.331
.331
.332
.329
ArgentinaA
dol. per p^per peso
.170
.169
.169
.170
.170
.169
.168
.169
.168
.168
.170
.168
.169
Belgium
. _. _ __ dol. per belga
.064
.054
.057
.058
.058
.059
.066
.056
.065
.059
.059
.059
.059
Brazil c?
dol. per milreis..377
.377
.379
.374
.376
.374
.377
.374
.371
.375
.367
.376
British India
dol. per rupee. _
.368
1.001
.999
1.000
1.000
.997
1.000
.994
.992
1.000
.989
1.000
.999
Canada
dol, per Canadian dol
.994
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
.052
Chile
_
dol. per peso..
.034
.031
.034
.033
.035
.033
.033
.028
.031
.
028
.038
.038
France
dol. per franc..
.028
.404
.404
.402
.402
.401
.403
.403
.402
.402
.403
.402
.402
Germany
dol. per reichsmark
402
.053
.053
.053
.053
.053
.053
.053
.053
.053
.053
.053
.053
Italy
dol. per lira-.053
.291
.291
.290
.289
.289
.289
.291
.289
.289
.290
.289
.290
Japan
dof. per yen_.
.287
.555
.556
.560
.551
.556
.553
.557
.554
.556
.551
.553
.652
Netherlands-,dol. per florin-_
.550
.062
.061
.061
.063
.063
.058
.065
.058
.051
.058
.058
.063
Spain§
doJ. per peseta..
.057
.259
.258
.255
.258
.258
.257
.256
.256
.255
.257
.256
.257
Sweden
dol per krona
254
5.02
4.96
6.00
4.98
5.00
5.00
4.95
4.98
4.97
4. 96
4,97
United Kingdom...
dol. per £ _ _
4.98
4.93
.660
.791
.665
.799
.656
.791
.791
.654
.652
.794
.655
.792
.649
Uruguay
_
_
dol per peso
Gold:
12, 768
12, 782
12, 788
12, 765
12, 778
12, 756
12, 829
12, 891
12, 946
12, 653
12, 404
12, 512
Monetary stock, U. S
..mills, of doL. 12, 985
Movement, foreign:
-614
-1, 199 -53, 947 -15,490
9,343 -8,046 - 20, 145 -101,580 -1, 106 -18,179
Net release from earmarkl—thous. of dol— -20, 942 -35, 544 -6, 288
174
15,052
20
232
5,067
145
212
30, 084
169
129
131
206
Exports.
do „
65
8,211
7,155
52, 947
90, 709
52, 194
33, 033
52, 987
55, 438
71, 236
Imports
_
do
63 880 175, 624 105, 013 145, 623
Net gold imports including net gold re52, 313
39, 817
82, 431
1,965 -83, 589
982 -10, 142
69, 892 -1, 172
99, 556 154, 837
leased from earmark*
.thous. of doL. 42, 873 139, 874
Production:
997, 013 988, 502 976, 285 987, 401 979, 390 991, 310 987, 791 929, 264 1,014,830 981, 463 1,022,678
Union of South Africa* _ fine ounces
919, 488 911 310 899, 076 907, 681 901, 228 910,442 907, 777 857, 077 931, 457 903, 010 940, 341
Witwatersrand (Rand)!
do
Receipts at mint, domestic
d o _ _ _ _ 305, 487 216. 321 320, 992 246, 221 262, 129 278, 883 224, 049 208, 407 174, 792 204, 278 190, 201 227, 621 197, 528
6,618
6,319
6,566
6,397
6,338
6,337
6,433
6,475
6,558
6,558
6,415
6,500
Currency in circulation, total
mills, of dol._
6,464
' Quotation partly nominal.
ALargely nominal.
§Quotations nominal beginning July 31, 1936,
HOr increase in earmarked gold (—).
*Or exports (—).
*New series. With the addition of the 3 new series on admitted assets of life insurance companies, a more complete record, as reported by the Association, is here presented;
earlier data for the new series covering the period 1922-36 were shown in table 51, p. 19 of January 1938 issue. Data on the production of gold in the Union of South Africa
for 1913-36 appeared in table 48, p. 20 of the December 1937 issue.
!Revised series. For data on ordinary life insurance written for period 1930-37 see table 36, pp. 18 and 19 of the September 1937 Survey. Revised data on gold production
in the Witwatersrand area for 1913-36 appeared in table 48, p. 20 of December 1937 issue.
t 37 companies having 82 percent of total assets of all United States legal reserve companies.
®40 companies having 82 percent of total life insurance outstanding in all United States legal reserve companies.
cf Free market rate substituted for official rate beginning January 1937.
34
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey,
1938
July
September 1938
1937
July
August
Septem-
1938
Decem- January
October November
ber
February
March
April
May
June
254
19 186
.428
FINANCE—Continued
MONETARY STATISTICS— Continued
Silver:
Exports
_thous. of dol__
Imports
do _
Price at New York
dol. per fine oz_.
Production, world
.thous. of fine oz_.
Canada.
_
do _
Mexico
do
United States
do
Stocks refinery, end of month:
United States
do
Canada
__ do
193
18, 326
.428
214
4,476
.448
23,427
2,317
6,274
6,805
278
4,964
.448
26, 216
2,367
8,428
7,441
285
8,427
.448
22, 487
2,271
6,460
5,779
380
5, 701
.448
21, 345
2, 536
6,112
4,855
527
10, 633
.448
22, 877
2,176
6,272
6,682
236
23, 151
.448
21,330
1,635
5,760
5,693
355
28, 708
.448
23, 553
1,622
8,662
5,222
233
15, 488
.448
21, 465
1,735
7,144
5,083
191
14 440
444
24 128
1 729
8 803
5 752
250
15, 757
.428
21,381
1,430
7,237
6,044
317
17,952
.428
1,509
1,603
4,813
4,679
1,127
537
1,296
439
1,363
817
1,064
852
1,287
617
1,523
496
2,606
521
4,120
903
6 302
800
5,708
579
6,939
495
7 212
470
~-m
CORPORATION PROFITS
(Quarterly)
Federal Reserve Bank of New York:
Industrial corporations, total (167 cos.)
mills, of dol .
Autos, parts, and accessories (28 cos ) do
Chemicals (13 cos )
do
Food and food products (19 cos.)- -- do
Machinery and tools (17 cos ) mills, of dol
Ivietals and mining (12 cos )
do
Petroleum (12 cos.)
_
do
Steel (11 cos.)
do
Miscellaneous (55 cos )
do
Telephones (net op. income)*
do
Other public utilities (net income) (53 cos.)
mills, of dol
Railways Class I (net income)^
do
Standard Statistics Co., Inc. (earnings):!
Combined index, unadjusted (161 cos.)
1926=100
Industrials (120 cos.)
do
Railroads (26 cos )
do
Utilities (15 cos )
do
Combined index, adjusted (161 cos )
do
Industrials (120 cos )
do
Railroads (26 cos )
do
Utilities (15 cos )
do
262.4
60.6
44.2
19.7
14.3
5 7
24.4
50.8
42. 7
52.5
194.9
55.2
44.7
20.6
8.5
4 6
16.7
7.7
36.9
55.4
74 0
4 6
19 1
16 0
7 7
19
13 6
d
18
12 9
50 0
46.8
41 6
51.9
16 6
d 1Q6 2
97.3
111.4
17 7
109 7
94 5
104.4
13 8
127.7
77.7
81.4
2.7
135 9
84.5
92.8
2.5
126. 3
47 7
r 34 5
r 36 Q
d
61 7
r U2 1
r
36 5
r 3g 7
d
40 2
T 102 0
_ -
P 38 4
P 41.6
d
33 6
p 101 4
v 36 9
p 36 9
p d 29 2
v 102 9
PUBLIC FINANCE (FEDERAL)
37, 045
37, 094
36, 956
37, 453
37, 633
37, 422
36, 875
37, 279
36, 716
Debt, gross, end of month _ _
.mills, of doL. 37, 191
37, 165
37, 510
37, 556
Obligations fully guaranteed by the U. 8.
Government:^
Amount outstanding by agencies, total
4,633
4,644
4,646
4,646
5, 004
4,634
4,645
4,703
4, 633
mills, of dol__
4, 853
4,647 ' 4. 852
4,646
1,400
1,410
1,410
1,410
1.410
1,410
1,400
1,400
1,420
Federal Farm Mortgage Corporation do
1,410
1 410
1 410
1 410
2.937
2,937
2,937
2, 937
2,937
2,937
2, 937
2,987
2,937
>• 2, 937
Home Owners' Loan Corporation.. do
2,937
2,937
2 937
296
297
298
299
510
297
297
296
299
299
296
Reconstruction Finance Corporation do
299
299
Expenditures, total (incl. emergency)
thous. of dol_- 508, 771 675,811 617, 578 765, 251 671. 409 649, 877 770, 402 620, 787 639, 519 809, 821 733, 957 564, 163 1,037,244
378 689 464, 057 547, 670 858, 585 394, 403 439, 548 942, 508 417, 833 467, 211 1 044 770 324 298 526 049 934 360
Revenues, total
do
38, 790
26, 193
24, 203
31, 513
36, 515
30, 129
40, 649
23, 101
Customs
do
36, 173
22 336
24 430
26 307
2l' 950
350, 426 376, 074 336, 125 738, 564 284, 250 325, 736 767, 545 305, 388 280, 601 916 945 302 476 277, 765 747, 295
Internal revenue, total _ _ _ _ _
_ _ .do
34, 831 494, 405
52, 036
35, 287 482, 697
67, 586 706 735
41, 671
41, 606
42, 464
Income tax
do
40 699 541 900
45 931
Taxes from:
1,599
2,243
1,660
2,290
1, 353
1, 722
1,967
1 619
1, 395
1,633
1 773
1,624
Admissions to theaters, etc
do
1,542
1,492
1,692
1,514
2,898
1,803
1,429
1,235
2.045
1, 232
Capital stock transfers, etc
do
1 155
937
940
1 413
589
325
204
266
210
191
571
416
338
174
Sales of produce (future delivery) . _do
192
160
168
762
711
368
261
305
670
633
886
433
Sales of radio sets, etc
_
_ do
197
249
449
231
Reconstruction Finance Corporation loans outstanding end of month:t
1,820,062 i 758,124 1,695,089 1,703,454 1,711,478 1,732,798 1,777,499 1,790,777 1,797.033 1,950,915 1,970,266 1,867,946 1,872,521
Grand total
thous. of dol
Section 5 as amended, total
do__ - 649, 559 661, 120 658, 075 661, 255 658, 972 653, 852 657, 348 656, 672 657, 170 660 890 662 350 654 669 645 5'v
Banks and trust companies including
receivers
thous. of dcL_ 134, 448 164, 193 162, 055 159. 018 156, 875 152, 309 153, 704 150,616 146, 924 143, 927 145, 592 139, 773 136, 864
1,864
1,641
2,122
2.061
2,391
1,714
2,225
1,950
Building and loan associations
do
1, 805
2,383
2, 326
2,269
2,310
3, 575
2,592
3, 526
3,679
3,362
2,955
2,757
3,379
2,791
Insurance companies
do
2,562
3, 549
2,547
3. 530
Mortgage loan companies
do
100. 351 122, 229 122, 002 124, 284 124, 898 125,914 128. 465 128, 785 131, 002 131 472 131 417 107 057
98 368
398 304 351, 932 351,855 356, 276 355, 923 355, 899 355, 894 358, 216 361 951 368 471 369 379 390 233 393 698
Railroads, incl. receivers
do
16, 724
14, 237
16, 199
15, 135
14, 372
10, 705
17, 136
All other under section 5 - -._ -- do
12,310
16, 493
12 132
11 674
10 797
11 146
Total Emergency Relief and Construction
\ct as amended
thous of dol
189 649 285 425 228, 081 231 ?06 241,472 264 356 299 689 314 414 320 761 331 170 340 820 242 871 244 078
188 703 223, 331 225, 060 226,810 230, 282 232 035 235 579 233, 223 231 762 235' 170 238 582 241 914 243 13 ?
Self-liquidating projects
do
Financing of exports of agricultural surpluses
thous. of doL47
47
47
47
47
47
47
47
47
47
47
47
47
Financing of agricultural commodities
and livestock..
thous. of dol 899
62. 047
2,975
32, 274
4,348
64, 064
11,143
81, 144
88, 952
899
95 953 102 191
910
Direct loans to business (incl. participa72, 600
81, 060
71,076
tions)*
thous. of dol
74, 794
73, 015
72, 959
72, 528
73, 418
73 053
73 741
76 369
72 688
73 072
Total, Bank Conservation Act. as amended
thous. of doL - 561, 760 602, 924 597, 129 594, 055 590, 891 589, 634 585, 839 581 . 740 567, 459 564. 571 566, 770 566, 047 588. 758
338, 034 137, 580 139, 204 143, 923 147, 184 152, 427 159, 82C« 164,533 178, 590 321. 596 327. 254 330. 618 317.749
Other loans and authorizations
do
r
Revised.
<* Deficit.
*> Preliminary.
•Number of companies included varies.
1As reported by the Interstate Commerce Commission. Figures shown on p. 54 of the 1936 Supplement are in thousands of dollars instead of in millions as the box head
Indicates.
been
adjustmenis nave oeenmaae in tne ngures, ana me item "direct loinsio ousmess" nas oeen segregated irom "otner loans ana authorization?. 7 ' Revisions pri
_
on p. 34 of the July 1938 issue together with the new series beginning August 1934, will appear in the 1938 Supplement. Net operating income of telephone companies revised
beginning 1933; data not shown on p. 34 of the July 1938 issue will appear in a subsequent survey.
*New Series. Reconstruction Finance Corporation "direct loans to business" beginning August 1934 will appear in the 1938 Supplement.
c?By an act of Congress dated March 8, 1938 (Public No. 442), the Commodity Credit Corporation was given authority to issue fully guaranteed obligations. The first
such issue, to the amount of $206,174,000, was in May 1938, and is here included in "total amount outstanding, by agencies." Also included in the total is a small amount of
guaranteed debentures of the Federal Housing Administrator.
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1938 Supplement to the Survey.
SURVEY OF CURRENT BUSINESS
1938
1937
1938
July
35
July
August
n
- October
No v e m De c e m
b e r b e r
January
February
March
79, 909
17, 523
710
19, 688
11,463
30, 525
206, 698
84, 749
2,028
53, 284
56, 488
10, 150
69, 212
38, 194
3,854
13, 160
8 532
5,473
April
May
June
FINANCE—Continued
CAPITAL FLOTATIONS
New Security Registrations?
(Securities and Exchange Commission)
New securities effectively registered:
Estimated gross proceeds, total
thous. of dol.. 223, 897
Common stock
do, _
20, 917
Preferred stock
do
2,790
51, 510
Certificates of participation, etc
do
54, 281
Secured bonds
do
94, 400
Debentures and short-term notes _ do
266, 886
122, 289
85, 690
25, 390
29,929
3,588
302, 343
171, 547
66, 194
6,696
30, 453
27, 453
156, 395
82, 621
10, 263
1,624
13,887
48,000
127, 621
10, 574
26, 013
12, 175
78,860
0
38, 159
23, 092
6,144
7,531
o
1,392
201, 374
82, 637
20, 768
50, 212
35, 625
12, 133
97, 371
22, 530
2,481
7,595
3 715
61, 050
93, 634
21, 828
23 397
22, 694
18 215
7,500
272, 448
53, 417
3,225
8,992
33, 955
172, 859
Industrial classification:*
6,063
3,547
6,782
2,310
1,125
569
1,551
0
Extractive industries.-do
1,268
1,015
1,450
1,074
563
117, 996 165, 521 214, 658 130, 375
29, 449
4,975 40 322 101, 158
Manufacturing industries
do
7,270 61, 537
9,283
2,280 55, 562
30, 541
8,395
68, 253
36, 856
45, 566
16, 788
24, 906 109, 208
81, 400
Financial and investment
do
49, 050
31, 094
20, 754
8,528
0
29, 978
2,127
362
3,443
0
0
Transportation and communication__do
0
0
2,115
4,992
0 30, 555
*v ***•«!
Electric light and power, gas, and water
36, 216
35, 167
12, 497
13, 629
39, 705
3, 255
79, 610
910
67, 308
0
64, 514
thous. of doL.
21, 145 125, 993
14, 865
691
10, 010
o 5,652
Other._
_
do _
4,415
13, 850
287
3,806
500
878
7,749
685
Securities Issued f
(Commercial and Financial Chronicle)
Amount, all Issues
thous. of doL 464, 920 341,045 187,312 223,828 203,496 136, 559 164, 452 121, 444 199, 188 245, 178 352, 020 216, 724 505, 517
464, 920 341,045 187,312 220,578 203,496 136, 559 164,452 121, 444 199, 188 245, 178 352 020 216 662 505 517
Domestic issuesdo
0
0
0
0
3,250
0
0
0
0
0
0
63 fe •(>,*• 0
Foreign issues
.
.- do _
57, 230
180, 606 138.526 106,809 152,143 136,299
49, 306 103, 027
Corporate, total
do
37, 062
81, 638
78 813
61 626 293 900
120, 750 103, 031 27, 665 138, 487
6,180
Industrial
_
do
27, 718
320 53, 871
27, 600
12, 139
28, 333
20, 406 142 511
0
0
0
0
99
0
0
400
0
100
0
0
0
Investment trusts
do
2,625
350
756
4,230
385
725
0
707
0
4,107
317
250
Land, buildings, etc., total
do
845
2,625
385
350
756
4,230
725
707
0
317
0
Long-term issues
do
4,107
250
845
385
0
0
0
0
0
0
0
0
0
0
0
0
Apartments and hotels
do _.
0
0
0
0
0
2,000
0
0
0
0
0
4,000
3,000
Office and commercial
do
30, 025
51, 126
11, 500 83, 064
55, 649
6,480 20, 900 39, 300 102, 000
13, 565
62, 750
Public utilities
do
40, 375 145, 059
2,950
6,039
4,880
1,300
0
0
0
0
21,
306
0
Railroads
do
12, 235
3,540
6,330
2.170
19, 354
3,346
3,101
100
0
2,250
0
0
1,250
Miscellaneous
._ do
134
0
0
27, 400
22, 700
236, 700 118,000
34, 300
20, 000
23, 350
32, 450
52, 000
53, 500 223, 725
Farm loan and Gov't agencies
do
63, 960
65, 050
84, 520
84, 522
47, 614
53, 103
48, 435
48, 788
63,711 110, 040
32, 897
47, 496
49, 482
Municipal, States, etc..
do
91,138 146, 567
Purpose of issue:
92, 387
78, 740 157, 058
96, 492
95, 027 122, 364
82, 072 126, 260 197, 448 156, 640 345, 257
New capital, total
do _ 389, 896 247, 636
389, 896 247, 636
92, 387
78, 740 153, 808
95, 027 122, 364
82, 072 126, 260 197, 448 156, 578 345, 257
Domestic, total _. _
do
96, 492
129. 061
45, 533
81, 745
50, 673 112, 757
66, 647
26, 942
42, 767
40, 802
23,995
12, 313
35, 872 198, 866
Corporate
.
do
216, 450
89, 000
0
0
0
5,600
0
25, 000
0
8,700 140, 000
Farm loan and Gov't agencies
do
13, 550
33, 150
76, 891
44, 386
41, 051
79, 598
41, 255
28, 067
43, 085
41, 270 93, 564
45, 135
Municipal, States, etc. .
do
29, 846
87, 556 132, 841
0
0
0
0
0
0
0
0
0
o
0
Foreign
do
3, 250
63
75. 024
93, 409 108, 572
41, 531 42, 088
29, 056 117, 116 118,918 154, 572
66, 770 107, 004
Refunding, total
do
60, 084 160, 260
56,
781
51, 545
69, 653
14, 463
56, 136
39, 386
10, 120
3,773 62, 225 57, 643 66, 500
95, 034
Corporate
do
25, 692
Type of securities (all issues) :
Bonds and notes, total.
do _ 463, 070 262, 695 165, 193 159, 488 182,797 131, 666 147, 997 114, 163 119, 113 243, 807 350, 897 200, 818 495, 736
178, 756
60, 175
42, 025 102, 952 80, 267
32, 170
40, 775
87, 803 115,600
84, 690
77, 690
45, 720 284, 118
Corporate
- _
do
78, 351
4,892
16, 455
7,281
1,850
20, 699
75
9,782
22, 119
64, 340
1,371
Stocks
__
do
1,123
15, 906
(Bond Buyer)
State and municipal issues:
51, 656
50,587 95,013 51, 889
56, 466
71,338 37, 406
Permanent (long term)
thous. of dol_. 54, 903
62, 669 232, 775
48, 048 151, 182 177, 848
142, 760
15, 980
30, 776 216, 278
17, 845
Temporary (short term)
do
16, 479
14, 047 113, 968
38, 340
18,414 112, 544
66. 266 "184,642
COMMODITY MARKETS
Volume of trading fn grain futures:
Wheat
thous. of bu_. 725, 266 1,639,153 1,160,679 848, 363 928,917 926, 377 635, 120 660, 335 400, 178 577, 018 571, 622 511, 768 892, 389
Corn .
__
.do
180, 427 335, 946 307, 440 174, 055 184, 125 177, 229 158, 220 106, 235
70 738 107, 738 110 856 115 110 125 173
SECURITY MARKETS
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.)
93.93
91.51
90.11
92.76
89.26
89-70
88.68
dollars. . 90. 19
85.71
87.82
87.78
89.48
88.98
96.82
92.75
Domestic
do
93.32
95. 64
94.54
91.64
93.17
92.36
92.44
88.71
90.84
90 97
90 81
Foreign
_
do
69.81
68.44
60.76
63 65
62.60
65.60
62 23
62. 07
62 73
58 27
59 91
60 54
59 64
Domestic (Dow-Jones) (40 bonds)
96.71
68. 72
95.85
90.79
84.32
77.65
77.73
percent of par 4% bond_.
72.77
66.70
72.31
63.62
67.09 r 60. 36
Industrials (10 bonds)..
do
106. 04
100. 25
97.21
107. 75
106. 70
103. 84
100. 40
98.09
98.26
98.81
97.63
101. 70 ••104. 88
97.32
93. 13
Public utilities (10 bonds)..
do
99. 65
100. 50
95.60
94.63
94.94
94.83
93.61
93.48
93.24
97 06 ' 97. 68
124. 53
118. 55
106. 02
75. 10
123. 04
113. 90
92.21
Rails, high grade (10 bonds)
do
104. 60
93.52
78.90
75.31 ' 72. 55
73.38
73.41
70.03
47.23
64.36
55.72
Rails, second grade (10 bonds) _ _ _ . _ _ _ d o
39.09
47.15
42.30
37.85
41.97
35.37
38.16 r 30. 55
Domestic (Standard Statistics):
84.4
100.9
100.4
Corporate (45 bonds)
dollars..
96.6
87.2
81.2
79.4
91.8
71.9
80.5
74.8
72.1
74.5
114.2
109.5
Municipal (15bonds)f
do _
110.8
108.1
111.8
109.0
112.2
109.1
112.2
113.6
111.5
111.6
113.6
U. 8. Government (Standard Statistics):
7 bonds
_
do
109.0
108.7
108.9
108.1
108.3
108.6
109.6
111. 1
109 8
110 8
111.0
109.6
109.8
Sales (Securities and Exchange Commission):
Total on all exchanges:
Market value
thous. of doL. 157, 370 173, 575 158, 165 159, 293 181, 489 150, 361 148, 239 133, 593 112, 786 139, 041 128, 938 116, 394 119,899
232, 147 207, 044 187, 459 212, 856 268, 387 223, 973 247, 098 192, 475 157, 513 201, 181 180, 796 161, 697 169, 072
Par value
do
On New York Stock Exchange:
Market value
thous. of dol_. 127,133 146, 991 134, 439 134, 842 153, 968 124, 761 123, 884 113, 449
96, 606
94, 784 115,972 108, 296
89, 587
194, 877 175, 800 160, 722 183, 850 231, 796 190, 631 213, 888 166, 909 134, 016 170, 871 152, 817 127, 972 140, 524
Par value. .
do
Sales onN. Y. S.E., exclusive of stopped
sales (N. Y. S. E.)* Par value:
178, 265 160, 504 147, 601 182, 078 227, 502 172,494 197, 999 165,910 127, 593 169, 432 139,715 121, 156 144, 821
Total_
thous. of dol
19, 174
15, 698
10, 736
11,632
14, 476
9,729
9,819
16, 353
U S. Government
do
7,518
15, 125
18, 832
6, 844
11,014
Other than U. 8. Government:
Total.
do... 170, 747 148, 872 128,427 166, 380 213,026 162, 675 187, 263 149,557 116, 579 154.307 120, 883 114,312 135, 092
152, 580 124, 028 105,633 140, 305 184, 201 135, 316 162, 209 128. 981
96, 654 118, 695
96 374 126.037 102, 133
Domestic
„
do
22, 794
26, 075
28, 825
25, 054
18, 167
24,844
20, 576
16,397
27, 359
20, 205
28, 270
Foreign
do
17, 658
18, 750
' Revised.
tRevised series. Domestic municipal bond prices beginning 1934 will appear in a subsequent issue. Commercial and Financial Chronicle data revised beginning 1919;
see table 55, pp. 14-21 of February 1938 issue; table 56, p. 21 of the April 1938 issue; and table 57, pp. 17-20 of the May 1938 issue.
*New series. Data beginning July 1933 on estimated gross proceeds from new securities effectively registered, by industrial groups, are shown in table 30, p. 19 of August
1937 issue. Data on bond sales on the New York Stock Exchange, exclusive of stopped sales, as compiled by the Exchange, supersede those shown through the October 1937
issue, which were compiled by Dow-Jones & Co., Inc.; data for period 1913-36 appear in table 46, pp. 18 and 19 of the December 1937 issue.
{Securities and Exchange and Commission data on new security registrations include registrations of securities reserved for conversion.
36
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
SURVEY OF CURRENT BUSINESS
1937
1938
July
September 1938
July
1938
Novem- DecemAugust September October
ber
ber
January
February
March
April
May
June
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds— Continued
Value, issues listed on (N. Y. S. E.):
Par all issues
mills, of dol__
Domestic issues
do
Market value, all issues.
do
Domestic issues
do
Foreign issues
-.
do
Yields:
Moody's:*
Domestic (120 bonds)
percent..
By ratings:
Aaa (30 bonds)
do
Aa (30 bonds)
do
A (30 bonds)
_
do
Baa (30 bonds)
- do
By groups: 2
Industrial' (40 bonds)
do
Public utilities (40 bonds) _ - do
Railroads (40 bonds)
do
Foreign ^30 bonds)
do Standard Statistics:
Domestic Municipals (15 bonds) t
do
Bond Buyer
Domestic municipals (20 bonds)
do
T7 S Treasury bonds
do
U S Treasury 3-5 year notes *
do . _
Cash Dividend Declarations, Payments,
and Rates
Dividend declarations (N. Y, Times):
Total
thous. of dol__
Industrials and misc
do
Railroads
do_. Dividend payments and rates (Moody's):
Annual payments at current rates (600 companies). .
mills, of doLNumber of shares, adjusted
millions
Dividend rate per share (weighted average)
(600 cos )
_ . ..dollars-.
Banks (21)
do Industrials (492 cos.)
_ .do
Insurancp (21 cos )
do __
Public utilities (30 cos.)
do
Railroads (36 cos )
do
49, 409
44 657
4 752
44, 561
41 674
2,887
47, 159
42,116
6,043
44, 296
40, 776
3,520
47, 227
42, 226
5,001
43, 809
40, 386
3,423
47, 284
42, 334
4, 950
43, 271
40, 024
3,247
47, 264
42, 363
4,901
42, 591
39, 471
3,120
47, 175
42, 321
4, 855
42, 109
39, 088
3,021
47, 694
42, 866
4,828
42, 782
39, 760
3,022
47, 910
43, 112
4,798
42, 486
39, 508
2,978
47, 895
43, 124
4,770
42, 855
39, 862
2,992
48, 360
43, 601
4,760
41, 450
38, 677
2,773
48, 279
43, 559
4 720
42, 399
39, 571
2,828
48 244
43 551
4 693
42, 347
39 548
2 799
49 177
44 489
4 687
43, 757
40 919
2 838
4.17
3.88
3.88
3.98
4.12
4.21
4.16
4.19
4,23
4.36
4.50
4.28
4.40
3 22
3.62
4.21
5 63
3.25
3.41
3.94
4.91
3.24
3.41
3.94
4.92
3.28
3.46
4,02
5.16
3.27
3.53
4.16
5.52
3.24
3.54
4.24
5.82
3.21
3.50
4.20
5.73
3.17
3.50
4.20
5.89
3.20
3.51
4.24
5.97
3.22
3.56
4.34
6.30
3.30
3.73
4.49
6.47
3 22
3.56
4 28
6 06
3 26
3.68
4 41
6 25
3 48
3 79
5.25
(i)
3.50
3.92
4.21
5. 16
3.47
3.89
4.28
5.20
3.55
3.96
4.43
5.35
3.63
4.08
4.66
5.64
3.65
4. 06
4.91
5.70
3.66
4.03
4.79
5.66
3.54
4.01
5.02
5.78
3.57
4.07
5.06
5.83
3.58
4.05
5.44
1
3.64
4.11
5.75
3 51
3 90
5.44
(i)
3 55
3 90
5.75
m
2 87
3.07
3.01
3.18
3.24
3.17
3.15
3.03
2.99
2.99
3.03
2 91
2 91
3 01
2 34
70
2.94
2.59
1.44
2.95
2. 59
1.45
3.05
2.67
1.50
3.15
2.65
1.42
3.17
2 60
1.31
3.16
2.54
1.27
a. 07
2.47
1.13
3.05
2.46
1.09
3.19
2.45
1.01
3.08
2.43
.94
3 05
2 30
77
3 00
2 31
67
167, 170
157, 175
9, 995
253,111
244,116
8, 995
384, 779
368, 813
15, 965
288, 290
280, 953
7,337
293, 987 710, 359
279, 136 656, 134
14, 852) 54, 225
411, 525
389, 048
22, 477
253, 782
235, 898
17, 885
304, 053
277, 143
26, 910
171,979
166, 012
5,967
152, 753
147, 052
5,701
366, 435
353, 652
12, 783
222, 001
207, 374
14, 627
1, 288. 8
929. 10
1,959.7
923. 50
1, 984. 8
923. 50
1,963.9
923. 50
1, 970. 1
923. 50
2, 020. 3
923. 50
2, 026. 2
929. 10
1, 793. 0
929. 10
1, 510. 8
929. 10
1,457.6
929. 00
1. 287. 1
929. 10
1.39
3.00
1.23
2.24
1.94
1.09
2.12
3.07
2.12
2.38
2.10
1.77
2.13
3.07
2.13
2.38
2.10
1.77
2.13
3.07
2.14
2.37
2.05
1.77
2.13
3.07
2.15
2.37
2.06
1.77
2.19
3.07
2.22
2.37
2.07
1.69
2.18
3.07
2.22
2.38
2.06
1.69
1.93
3.07
1.90
2.38
2.02
1.54
1.63
3.07
1.49
2.38
2.02
1.54
1.57
3.07
1.42
2.38
1.97
1.54
1, 443. 9 1, 328. 4
929. 10
929. 10
1.43
1.55
3.07
3.07
1.27
1.41
2.37
2.38
1.91
1.93
1.29
1.54
128.4
20.8
30.2
91.35
159. 53
23.18
126. 1
19.2
28.8
89.73
157. 18
22.28
119.1
18.0
24.6
83.14
148. 12
18.17
112.9
17.8
21.5
81.92
146.70
17.13
114.2
22.0
19.1
80.47
143. 93
17. 01
118.8
19.4
21.8
85.70
153. 92
17.49
81.6
95.7
75.7
29.0
53.0
78.2
80.7
95.7
71.2
28.3
51.8
77.8
77.9
92.7
68.5
25.5
49.3
73.2
70.7
84.2
64.0
20.9
48.0
70.8
73.9
87.4
69.5
21.8
48.3
74.5
73.1
86.4
69.2
20.5
47.2
77.5
954,115
855, 876
681, 289
607, 538
884, 618
788, 819
750, 572
678, 745
566, 385
498, 872
842, 092
752, 359
42, 601
33, 102
28, 555
21, 749
42, 657
32, 524
35, 759
28, 151
26, 635
20, 153
39, 875
30, 198
24, 145
14, 525
23. 000
17, 120
14, 008
24, 364
39, 243
1,422
41, 173
1,423
31, 858
1,427
35, 865
1,426
34, 585
1,424
41, 962
1,427
5.9
5.8
6.0
6.7
4.8
4.5
4.6
4.0
5.6
6.5
4.7
4.3
5.9
5.2
8.8
8.1
5.7
5.5
5.1
4.6
7.8
7.0
5.1
4.7
4.9
4.3
6.9
6.8
5.4
4.8
3.9
3.3
5.0
6.2
4.8
4.0
5.25
5.25
5.30
5.47
5.32
5.29
Stocks
Prices:
Dow- Jones:
125.1
139.5
138. 6
125. 5
180.3
184.4
160.1
Industrials (30 stocks)
dol. per share
21.6
22.1
22.1
24.9
21.6
28.4
28.8
Public utilities (15 stocks)^
do _ _
28.2
32.0
31.5
35.4
42.8
53.9
52.2
Railroads (20 stocks)
do--_
91.39
98. 90
90. 24
114.24
99.72
131.06
131. 44
New York Times (50 stocks).
do
157.93
175.
95
156.
24
172.
92
195.
86
221.04
221.68
Industrials (25 stocks)
do
24.84
21.85
32.64
26.53
24.24
40.45
41.84
Railroads (25 stocks)
-do
Standard Statistics:
82.9
88.0
82.2
91.4
106. 4
120.5
117.8
Combined index (420 stocks)
1926=100.96.1
105. 3
95.2
107.4
126.2
139.4
143.5
Industrfal'' (348 stock9)
do
79.5
76.5
81.3
78.8
89 2
95.9
97.0
Public utilities (40 stocks)
do _ _
2 <' . 3
31.4
31.2
35.4
50.9
42.8
52.1
Railroads f32 stocks)
_ _ _ do
53.5
51.2
50.1
68.2
57.9
74.4
76.5
Banks N Y C (19 stocks)
do __
74.2
85.5
74.6
72.7
92. 1
85.8
93.6
Fire and Marine insurance (18 stocks).do
Sales:
Market value of shares sold (S. E. C.):
On all registered exchanges, total
thous. of dol_- 1,621,364 1,242,705 1,119,097 1,601,396 1,826,874 1.339.429 1,229,046
1,473,841 ! ,096,396 984, 955 1,432.863 1,638,413 1,215,556 1,105,620
On New York Stock Exchange
do
Number of shares sold:
On all registered exchanges, total (S. E. C.)
58, 466
54, 785
65, 227
90, 027
41, 385
37, 737
thous. of shares-- 70, 651
46, 877
49, 838
69, 639
42, 131
26, 265
30, 045
On N. Y, S E. (S. E. C.)
do.. . 57, 636
Exclusive of odd lot and stopped sales
29, 265
51, 093
28,418
17, 221
33, 860
20, 715
(N. Y. Times)
thous. of shares-- 38, 762
Shares listed, N. Y. S. E.:
44,
784
40,
716
49,
034
44,
670
38, 869
56,
624
59,
394
Market value, all listed shares. .mills, of doL.
1, 427
1, 412
1,408
1,398
1,406
1,404
1, 398
Number of shares listed
-millions-Yields:
6.4
3.7
5.7
6.7
4.2
4.4
6.1
Common stocks (Moody's) (200)*:. . .percent. _
3. 1
6.7
5.1
5.7
7.0
4.4
4.2
Industrials (125 stocks)
do
4. 1
5.9
4.1
4.9
5.7
6.5
3.8
Rails (25 stocks)
..
do
6.
1
6.2
6.6
6.0
5.4
5.7
5.1
Utilities (25 stocks)
---do
4.7
4.8
4.4
3.9
4.8
3.3
3.3
Banks (15 stocks)
_
do ._3.6
4.7
4.4
4.0
4.8
4.2
3.6
Insurance 10 stocks)
do
Preferred stocks. (Standard Statistics):
5.17
5.29
5. 30
6,16
5.13
5.10
6.25
Industrials, high grade (20 stocks)
do
Stockholders (Common Stock)
American Tel. & Tel. Co., total
.number..
Forpisn
do
Foreign
do
CT. S. Steel Corporation, total
do
Foreign
do _
Shares held by brokers
percent of total
637, 875
7,111
214, 867
2,946
158, 952
3,103
25 81
641,308
7,111
215,629
2, 947
164, 442
3, 186
24 60
C)
645. 222
7,137
216, 726
2. 942
168,509
3,140
23 70
0)
1.39
3.00
1.22
2.22
1.94
1.18
649, 117
7, 187
217, 748
2,953
172,219
I 3, 166
22.54
* Discontinued.
*New series. For earlier data on Moody's yield scries, see table 45, pp. 19-20 of the November 1937 issue for bonds (except for 1937, revisions, for which see p. 46 of the
August 1938, Survey) and p. 18 of the September 1936 issue for stocks. Data on the yield of U. S. Treasury 3-5 year notes beginning August 1932 will appear in a
subsequent issue.
fRevised series. Domestic municipal bond yields beginning 1934 will appear in a subsequent issue.
^Number of stocks reduced from 20 to 15 beginning June 1938.
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
July
37
1938
1937
July
August
Septem- October Novem- DecemJanuary
ber
ber
ber
February
March
April
May
June
FOREIGN TRADE
INDEXES
Exports:
Total value unadjusted
1923-25 =• 100
Total value, adjusted
- do __
U. 8. merchandise, unadjusted:
Quantity
do
Value
do
Unit value
do
Imports:
Total value, unadjusted
do
Total value adjusted
do
Imports for consumption, unadjusted:
Quantity
1923-25= 100__
Value
do
Unit value
do
Exports of agricultural products, quantity:
Total:
Unadjusted
1910-14=100..
Adjusted
do
Total, excluding cotton:
Unadjusted
do
Adjusted
do
VALUE
Exports, incl. reexports
thous. of dol_.
By grand divisions and countries:
Africa
do
Asia and Oceania
_ __
do
Japan
--:
do
Europe
do__
France
do
Germany
.
- do _
Italy
-do
United Kingdom
„
do
North America, northern
do
Canada
do
North America, southern
do
^Mexico
do
South America
do __
Argentina
do
Brazil
_„
- do
Chile
do
By economic classes (U. 8. mdse. only):
Total
thous of (ioi
Crude materials
do._
Cotton unmanufactured
do
Foodstuffs, total
do...
Foodstuffs crude
do
Foodstuffs and beverages, mfgs._ do
Fruit" and preparations.
do
Meats and fats _
do_.
Wheat and
flour.
do
Manufactures, ^emi_
do
Manufactures,
finished
.do
Autos and parts
.. do_.
Ga^oline
do
Machinery
do__
General imports total
do
By grand divisions and countries:
Africa
do
Asia and Oceania
„ do
Japan
do
Europe
_ _.«,
do _
France
do
Germany
do
Italy
do
United Kingdom
_do
North America northern
do
Canada
do
North America, southern.
.do
Mexico
_
do_.
South America
_
do
Argentina
do
Brazil
_
do..
Chile
__
- do
By economic classes (imports for consumption):
Total
thous of dol
Crude materials. .
do
Foodstuffs, crude
.do
Foodstuffs and beverages, rnfgs __ do..
Manufactures, semido
Manufactures,
finished-.,,do
60
68
71
80
73
79
78
74
88
72
83
72
84
79
76
75
69
76
73
72
72
76
68
72
61
69
94
60
64
97
71
73
102
74
72
111
79
71
128
89
69
124
84
68
127
85
67
114
77
67
103
70
68
108
73
67
110
73
66
105
68
65
95
62
65
44
47
82
89
76
79
72
76
69
68
69
69
65
65
53
62
50
51
54
48
50
46
46
45
45
47
88
46
53
134
83
62
127
78
62
121
73
61
117
71
61
111
67
60
111
64
58
90
51
57
87
49
56
97
54
56
88
49
55
84
46
55
87
46
53
62
86
27
37
45
56
80
74
111
82
108
83
107
84
102
91
79
85
78
79
79
93
74
89
57
74
102
113
33
37
56
57
64
59
98
85
91
83
95
88
108
107
103
113
93
94
108
116
133
140
95
106
227, 780
268, 185
277, 695
296, 729
333, 136
314, 682
319, 256
289, 437
262, 733
275, 711
274, 482
257, 177
232, 686
12, 638
56, 503
18, 133
144, 800
16, 535
12, 335
5,995
62, 770
44, 379
43, 545
27, 285
8,382
29, 077
8,097
6,814
2,382
15. 588
54 788
16, 532
152 986
17, 668
12 722
6,525
63 605
33 505
32 514
28* 414
9 583
33 975
11 027
7 879
2 370
11,630
55 029
20,410
137 675
12 597
8 946
5 905
62 887
31 553
31 116
26 050
8 147
27 5()2
8 52Q
6 659
2 266
12, 232
48 965
19 466
123 500
11 308
7 856
4 679
49 352
30 130
29 574
23 337
7 089
24 570
7 633
4 177
1 932
10, 955
59 461
22, 696
115 569
12, 839
8 161
5 225
40 600
36 207
35 510
25' 492
6 132
28 027
8 217
4' 788
2 842
9,928
61? 933
28 837
105 795
12 312
9 169
5 101
34 900
46 591
45 926
21 909
3 Q38
28 396
9 466
5*428
2 387
7,456
47 052
18,074
100 418
10 073
7 280
4 686
35 325
55 214
54 506
19 999
4 066
27 0^9
9 121
5 207
1 813
8,622
47 586
15 485
87 835
8 859
6 330
4 246
30 323
45 303
44 732
20 094
4 966
23* 247
6 569
4 394
1 500
315 271
75 911
39 923
34 005
16 556
17, 449
7 352
4 771
9,976
53 492
161,864
39 710
5 346
44 653
208 863
286 138
67 <U7
34 607
40 310
24 459
1 Si 851
7 200
3 9S5
10, 896
44 059
133,851
34 396
7 589
39 728
170 763
259 958
48 212
21 162
39 441
26 076
13, 365
5 629
3 753
11, 438
41 720
130. 585
28 088
7 819
41 412
163 085
270 837
47 028
23 148
35 530
20 833
14, 697
6 322
4 °89
11,337
46 170
142,111
28 791
7 666
46 067
173 405
271 499
44 487
20 137
38 557
25 56°
12, 995
6 267
3 77(5
8,405
46 984
142, 171
°6 370
9 861
45 635
159 907
253 615
34 770
10 403
48 ' 169
34 140
14,029
7 195
4 431
13,241
42 649
128, 028
20 563
8* 732
42 389
148 260
229 515
34 498
9 442
34 556
20 988
13, 568
4 296
4 202
8,226
37 015
123, 447
17 202
8 811
4l' 545
145 898
4 2UO
53 507
8 Q°6
44 407
3 981
4 119
2612
9.024
16 600
16 440
20, 9238
4 42
24 134
6 137
53 946
9 893
44 342
4' 859
4 374
3 80S
8,679
20 °66
5 689
49 937
10 519
41 01 'i
4 007
4 614
4 394
7,567
4 811
42 868
7 020
40 682
3 584
4' 82Q
3 1 "2
8,693
20 968
3 047
45' 716
10 688
40* 109
24, 405
5 04 5
25 Oil
3 74Q
8 645
4' 199
22. 621
5 9)1
19 305
4 184
19 626
17.910
4 215
7 096
7 004
2 R99
9,194
43, 118
13, 938
90, 265
9,473
5, 620
4,931
32, 231
43, 489
42, 769
17, 967
3,606
23, 746
6,408
4,953
2,117
14, 952
63 089
26, 509
86 860
9,918
7 582
4,749
32 103
46 253
45 116
28, 196
11 007
28 835
8 164
5 047
2,439
13, 328
57, 345
24,644
104, 075
10, 713
10,204
5,498
42. 395
48, 406
47 553
26, 871
9 094
27, 670
9 315
6,627
2,174
13,584
49, 540
16, 769
135 581
17, 601
11 686
7 613
60 731
46 049
45 317
25' 714
9 156
26 261
7 422
5 697
1 698
11,699
55, 159
20,129
148 692
16, 939
14, 292
5,970
65 408
52, 856
51 676
30, 062
8 461
34, 669
10 378
7,747
2.531
225,111
32, 809
10. 460
38, 029
24 556
13, 473
5,914
4,049
11, 436
37, 270
117,003
17, 469
9 042
39, 719
140 836
264 615
34, 359
9 3f6
17 412
5 922
11, 490
3,776
3, 162
4. fvU
68 865
274 224
46, 045
15 903
27 362
13 124
14, 238
6,979
2 994
8,882
67 227
133, 591
23 149
8 483
40 761
245 707
293 595
80 930
38 961
26 775
9 984
16, 791
7 766
2 993
5,364
55 425
130] 394
23 296
10 340
39 017
233 361
329 807
88 256
44 989
38 827
17 557
21, 270
12, 680
4 599
10, 325
59 034
143. 692
25 408
8 632
44 584
224 391
311, 198
84, 884
43, 679
32,919
15, 159
17, 760
8,871
4, 707
9,072
56, 970
136, 427
29, 800
9 306
37, 729
223 226
8 202
3 332
15! 234
37 458
36 472
25, 561
4 457
38 787
16 532
9 694
2 626
6 145
82 935
16 297
67 894
5 675
8 642
3 477
15, 902
34 797
33 438
21, 359
4 793
32 577
10 962
10 799
2 976
6 137
79 634
15 988
67 043
5 517
?' 370
3 183
14, 752
35 07 5
33 584
15, 336
3 928
30 1 37
9 2H6
10 478
1 612
4 680
73 927
15 420
74 266
7 600
8 194
4 328
16. 536
32 494
32 Q59
13, 698
3 675
25 326
5 180
8 670
2 497
4 892
81 059
17 190
66, 998
6 U64
8, 155
4 175
15, 806
29 490
28 761
14, 049
3 939
26 739
5 585
9 898
2 314
5 06^
12, 265
26 044
24 876
16. 227
3 9^4
24 631
4 126
9 178
2 684
3 333
54 Q93
1 1 496
48 388
4 2X3
5 ^13
2 879
9, 572
21 778
21 090
20, 068
4 130
29 270
3 863
8 7^3
2 844
263 438
77' 554
37, 750
39 774
59 581
48, 778
249 025
79 606
34, 018
32 925
54 807
47, 669
234 076
75 984
28,516
28 409
52 564
48, 603
226 505
71 695
23, 610
29 365
51 866
49,968
212 377
67 528
23, S60
27 630
46 364
46, 996
203 700
68* 482
21,819
28 55°
43 555
41.293
1 63 526
51 844
21,100
23 046
32 926
34, 610
4,416
36, 909
8 594
39, 781
3 589
4,393
2,587
7,262
22 803
21 973
17, 964
4, 606
18 963
1 689
7, 5B4
1 171
147 797
43 236
20, 344
23,711
29 607
30, 899
! 43, 978
29 414
6 719
46 093
265 349
7
85
16
70
394
983
467
166
6 103
4
77
11
60
6
321
346
839
°94
105
7 141
4 7Vt
9 064
2 8**4
90 940
9ft' 407
46 704
22, 482
24 570
29 700
32, 486
170 090
51 173
25.001
30 508
32' 1 41
34, 505
8,725
214
9,169
137
9,202
7.878
7.878
5R ZZ7
1CP
QJ1
21, 059
33, 637
q 940
4 534
4 184
7,889
1 Q 090
-IQ' 907
6
AQA
19, 555
20, 485
33, 418
32, 432
9fi 1 77
f)f
f r7
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue
Operating income
thous. of doL.
do
8 954
123
9,303
126
9,862
123
9,733
125
9,328
130
10, 212
166
7.942
735 073
54.224
7.922
724 902
53. 385
7.892
755 438
55. 117
7.911
815 986
58. 755
7.898
789 1^2
OAa 041
8,745
146
131
Electric Street Railways
Fares, average, cash ratef
Passengers carried!
Operating revenues
_
cents. . 7,909
thousands
689 148
thous. of dol_.
5fi. 448
7 898
fi4.fl«R
7.884
7QQ
97,1
5fi fi09
7.884
79Q SQ7
K9 fifift
ft1Q 49*1
R» 933
7,909
7,909
zz RKH
KQ 0/M
fRevised series. Data for passengers carried are for 206 companies accounting for 93 percent of the passengers carried by all transit companies. Data adjusted to a comparable basis prior to that shown on p. 37 of the April 1934 Survey will appear in a subsequent issue. For average cash fares, data beginning 1917 will appear in the 1938
Supplement.
SURVEY OF CURRENT BUSINESS
38
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may he found in the
1938 Supplement to the Survey.
1938
July
July
August
September 1938
1937
1938
Sep- 1 Uctober
ontnhpr 1 Novem- Decem- January Febru- March
April
tember |
j ber
ber
ary
May
June
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Steam Railways
Freight-carloadings (Federal Reserve) :f
62
82
87
84
81
72
62
Combined index, unadjusted.— 1923-25=100—
59
57
57
55
57
58
52
64
84
89
68
78
78
71
Coal
do
52
63
47
49
49
34
88
36
88
59
80
74
51
54
Coke
-. do
39
47
33
34
37
54
37
57
48
34
55
40
Forest products
do
35
37
34
36
37
79
111
123
93
82
86
75
Grains and grain products
_
do
80
69
71
68
69
80
32
34
56
51
42
63
Livestock
do —
40
43
32
34
35
37
32
67
70
59
68
65
69
69
58
Merchandise, 1 c. 1
do
60
61
61
60
59
203
182
117
40
21
60
190
18
Ore
do ._
19
19
21
62
37
90
96
89
66
92
78
63
59
Miscellaneous
do
64
59
63
6^
64
80
78
79
61
76
Combined index, adjusted
do „
71
67
65
62
60
57
58
58
76
62
77
81
72
62
81
70
54
Coal
_
do
49
55
58
104
93
98
74
59
43
46
46
Coke
- ... do .
38
35
39
35
37
57
49
41
53
37
46
40
40
Forest products
do
36
38
33
35
35
81
82
77
71
82
89
88
89
Grains and grain products
. . do
77
76
77
44
37
42
42
42
49
Livestock
do .
39
44
45
41
41
38
39
68
67
68
64
62
61
66
Merchandise, 1. c. 1
- do
60
61
62
60
60
59
59
107
104
103
73
82
32
79
86
Ore
_
do __
76
78
36
gi
g9
88
86
88
76
Miscellaneous
do
81
69
69
65
69
67
60
Freight-carloadings (A. A. R.):
3,183
3,116
4,017
2,628
2 862 «• 3, 794
2,309
2,714
Total carsl
thousands2 223
2,155
2 650
2 171
2 1%/l
QOQ
648
555
472
534
786
535
fiiA)
447
Coal
do
381
' '}4
442
405
51
41
39
24
28
32
Coke
. do
46
23
20
1 fi
20
16
'200
162
112
150
177
101
119
132
Forest products _
do. __
105
108
122
105
104
r
IOC
250
142
175
190
155
Grains and grain products
do
136
179
274
127
133
160
130
53
69
Livestock
do _
57
66
54
106
68
54
44
45
58
51
44
r
K"n
coy
665
806
671
623
Merchandise, 1 c 1
do
857
570
687
710
606
577
754
384
279
298
62
35
34
240
Ore
do .
114
29
31
40
55
94
r
1, 502
1,242
1,281
1,047
855
Miscellaneous
do
1 615
996
1 110
809
887
87n
900
1 092
137
104
219
123
Freight-car surplus, total
__
do
127
283
299
'256
321
312
317
328
316
65
63
56
99
63
135
139
Boxcars .. _
do _.
133
144
105
138
152
141
36
21
33
79
114
Coal cars
do
30
101
II 9
134
131
137
133
Financial operations (Class I Railways):
r
Operating revenues, total
thous. of dol_. 299,641 r 365, 086 359.612 363, 071 372, 926 318, 180 300, 321 279, 259 251, 089 283, 075 268, 269 272, 665 282. 140
Freight
do
238 146 r293, 067 289 237 293, 811 307, 104 258, 669 231 329 218 404 198 385 227 084 211 438 917 87^ 999 718
38, 734
41, 565
Passenger
do
35, 510
33,318
39. 933
37 474
31 293
31 038
3l' 845 on 8PiQ
38 036 r 42, 059
34 988
Operating expenses .
do
229, 065 219, 543 917 113 218 192
222, 224 266, 586 268, 190 262, 712 270, 357 249. 295 243, 354 232, 710 215,412
59, 305
••60
50, 308
60, 747 d32, 441
25, 972 d 6 920 d 2 122
Net railway operating income
do
14
470
9? 237
1 R 4Q7
9 r\ on i
38 287 r
d
d
d
16, 210
6, 566
Net income
do _ d 15 954 18, 360
6,347
17, 195
33. 476
5,947
44,567 28 212
33 483 d 25 503
15 9"4
Operating results:
33, 753
34, 862
33, 703
36, 760
29, 096
26, 404
Freight carried 1 mile
mils, of tons—
27, 422
23, 182
26, 030
22, 789
93 886
23 7069
.957
.918
Revenue per ton-mile
cents..
.939
.909
.916
.961
.931
.961
.940
1.020
1 Ol
2,438
2,200
1,977
2,429
2,127
1,981
Passengers carried 1 mile
millions..
1,817
1,649
1,648
1,712
1 683
Waterway Traffle
r,
n
C anals:
282
90 r
276
292
Cape Cod
thous. of short tons
240
336
293
290
252
243
334
270
o
o
o
o
630
611
753
746
New York State
do
598
341
524
0 Q9fi
2,476
2, 385
Panama, total
thous. of long tons
2,781
2,439
2, 185
2,095
2 046
2 279
1 999
2 269
956
1,041
865
752
844
760
In U. S. vessel's
do
980
814
629
747
810
804
709
3
o
o
o
1,286
0
1,304
1,335
St Lawrence
thous. of short tons
1,333
989
1 1~8
12, 585
0
0
o
9,842
303
Sault Ste. Marie ..
_ _ _ d o 5 5^9 14, 137
13, 937
3,939
971
2,929
2,789
2,543
2,452
Suez. _
, thous. of metric tons. _
2, 920
2, 529
2,645
2,437
2,225
2,707
9 ^^
2 91 3
O
o
o
o
1,634
Welland
thous. of short tons
1 613
1 566
1 229
62
1 697
1 5'")9
Rivers:
9 IA
357
Allegheny
do
276
257
270
105
126
183
110
151
110
154
162
Mississippi (Government barges only) .do
181
141
195
175
160
155
185
186
226
217
r 195
2,298
2 402
2 298
1 239
Monongahela
do
1 954
1,166
1 483
1 040
1 226
1 184
1 111
1,166
Ohio (Pittsburgh district) _
..do
1, 120
1,210
1 056
707
886
636
' 686
788
' 735
Clearances, vessels in foreign trade:t
7,404
Total
thous. of net tons..
7. 516
6,720
6,299
5,593
4,931
5,203
5,004
5,620
5,911
A 91 8
6 445
5,373
Foreign,.
do
3,763
5.517
4,896
4,445
3,747
3,907
3,646
4 095
4 409
1, 184
2,030
1,825
1,854
United States
do
2,000
1,687
1,440
1, 525
1,358
1 502
Travel
Operations on scheduled airlines:
Express carried
pounds.. 541, 346 611,562 618, 113 720, 479 684, 241 528, 603 547, 705 458, 303 421, 326 558,113 497, 225 499, 980 558, 710
6, 239
6.214
Miles
flown
_ thous. of miles. .
6,312
6,085
5,312
4,995
4 762
4 561
5 549
5 622
50 798
51 942
54 230
32, 461
Passenger-miles
flown
do
49 186
34 715
31 216
43 549
44 413
34 388
120
571
123
550
130
296 113 539
69 435
69 029
Passengers carried
number
81 654
94 112 104 661 119, 293 115, 255
73 563
Hotels:
Average sale per occupied room
dollars. .
3.32
3.24
3^31
3.39
3. 19
3.51
3.29
3.21
3.35
3.30
3.19
3.14
3. 18
62
63
65
Rooms occupied
percent of total
68
66
56
64
66
64
63
93
Restaurant sales index
.
1929=100-.
95
92
97
90
82
100
89
91
96
88
Foreign travel:
Arrivals, U. S. citizens
number-36, 224
21, 445
67, 397
68, 188
39, 677
18, 877
23, 028
30, 778
28, 156
27, 032
24, 864
70, 185
Departures, U. S. citizens
..do
73,611
33, 676
26, 796
18, 087
19, 325
25, 896
28, 985
21, 277
2,707
2,708
2,047
Emigrants
do
2,076
1,986
2,312
2,415
1,280
1,670
1,427
5,311
Immigrants
_
do
6,094
5,952
6,452
3,983
6,139
7,543
4,332
4,845
5,439
Passports issued
do
16, 498
8 916
5 532
6 533
6 691
5 164
5 983
11 168
5 959
17 002
25, 752
24, 979
National Parks:f
r
888, 335 912, 284 459 703 226 067
77 662
Visitors
do
54 559
91 036
82 298 163 564 250, 568 462, 038
74 785
T
Automobiles
._
do
246, 563 219, 922 137, 169
22, 548
72 568
31 144
24 445
16 441
47 334
20 710
72, 475 132, 460
Pullman Co.:
Revenue passengers carried.
thousands..
1,552
1,636
1,526
1,550
1,494
1, 342
1,445
1,262
1,254
1,234
1, 177
5 411
Revenues total
thous of dol
5 697
5 377
5
669
5 236
4 536
4
999
4 998
4 740
4 670
4,358
COMMUNICATIONS
Telephones: J
95 377
Operating revenues .
thous. of dol
98 630
96 257
95, 370
96 305
96 086
96 289
96 674
98 503
92 297
97 138
95 912
Station revenues . —
;.
do
63 741
60, 835
60, 525
61, 575
64, 227
63 991
63 296
63 740
62 132
64 334
63 694
63 961
23 533
26 289
25 968
Tolls, message
do
25 777
25 757
24 132
24 199
24 576
25 376
24 649
23 849
21 589
Operating expenses
_ _
do
66, 675
66, 360
65, 712
66 192
66 590
66 323
65 696
69 721
67 388
63 906
66 614
65 379
Net operating income
do
20 371
17, 027
17 752
17 016
18 046
16 825
17 426
17 179
17 407
15* 634
17 557
17 651
Phones in service end of month .thousands .
16, 670
16, 731
16 922
17 366
17 344
17 032
16, 840
16 979
17 230
17 262
17 302
17 336
Telegraphs and cables: t
Operating revenues
_
thous. of dol
10, 154
10, 276
10, 301
10 077
9 292
8 379
9 341
9 653
10 735
9 765
9 340
Commercial telegraph tolls
do
7,926
7,771
7,885
7,625
6 371
7,030
8 320
7 419
7 085
7 491
7 166
7 947
Operating expenses
do
9,323
9,070
8 959
8 932
9 544
8 443
S 659
8 539
8 549
8 441
634
778
'571
325
Operating income
do
312
'717
56
* 166
634
611
'173
* Revised.
* Deficit.
IData for Juiy and October 1937, January, April, and July 1938 are for 5 weeks; other months, 4 weeks.
tRevised series. For freight-carloadings indexes revisions for period 1919-36, see table 24, pp. 17 and 18 of the July 1937 issue. For revisions of National Park data for
period 1919-36 see p. 20 of the December 1936 issue. A subsequent revision was made beginning February 1935 to include travel in the Shenandoah National Park; revisions
not shown on p. 38 of the January 1938 Survey will appear in a subsequent issue. For new series on telegraph operations see table 53, p. 20 of the January 1938 issue. Clearances of vessels in foreign trade revised beginning July 1936; revisions not shown on p. 38 of the February 1938 Survey will appear in a subsequent issue.
§ While the number of telephone carriers reporting has varied somewhat, the coverage has shown very little change, and the series are comparable for all practical purposes.
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
39
SURVEY OF CURRENT BUSINESS
September 1938
1937
1938
July
July
1938
NoDecemAugust SeptemOctober vember
ber
ber
January
February
March
April
May
June
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol, denatured:
6 725
6,584
Consumption
thous. of wine gal6,753
6,711
Production
do
1,822
1 170
Stocks, end of month
do
Alcohol, ethyl:
16, 370
18, 254
Production
thous. of proof gal
33, 727
30, 922
Stocks, warehoused, end of mo
do
12, 350
13, 010
Withdrawn for denaturing
do
1,684
2,242
Withdrawn, tax paid
.
do
Methanol:
12, 113
Exports, refined...
.gallons- 10, 609
.36
.36
Price, refined, wholesale (N. Y.).dol. per gal-ProductionCrude (wood distilled)
gallons- 309, 219 465, 205
1,449,607 2,564,783
Synthetic
-.do
27, 291
Explosives, shipments
thous. of lb._ 23, 136
Sulphur production (quarterly) :
Louisiana
long tons-Texas
- do
Sulphuric acid (fertilizer manufactures) :
Consumed in production of fertilizer
141 935
short tons
Price, wholesale, 66°, at works
16,50
dol. per short ton—
16.50
166, 927
Production
short tons—
Purchases:
29, 438
From fertilizer manufacturers
_ do
32, 937
From others
do
Shipments:
29, 958
To fertilizer manufacturers
do
57, 853
To others
do
8,025
7,932
1,724
11, 306
11,511
1,915
14, 802
14, 369
1,475
9,960
9,610
1,119
6,969
7,012
1,153
5,940
5,883
1,093
4,997
5,087
1,179
6 170
6,207
1 213
6,364
6,287
1,127
6 092
6, 090
1, 137
7 813
7,870
1, 192
17,067
30, 976
14, 414
2,375
17, 219
25, 783
19, 552
2,506
18, 786
16, 876
24, 497
2,876
18 179
15, 156
16, 627
2,942
17, 262
17,898
11, 887
2,515
15, 847
21, 502
9,765
1,835
16, 708
27, 579
8,874
1,499
18, 306
32, 879
10, 125
2,202
12 739
33, 076
10, 481
2,134
14,226
33, 86"
1U.615
2, 340
16, 395
32, 047
14, 400
3,506
68,421
.36
10, 230
.36
41, 198
.36
19, 656
.36
43, 970
.36
30, 650
.36
5,117
.36
21, 753
.36
15, 889
.36
24, 193
.36
10, 525
.36
462, 584 404 112 423, 792 423, 315 461, 539 458, 347 408, 930 432, 800 314, 664 330, 875 293, 091
2,735,963 3 018 333 3,532,091 3,562,372 3,887,741 2,896,894 2 290 609 2,343,828 1,975,999 1,860,400 1,629,570
24, 904
30, 811 34, 310
25, 445
34, 810
27, 754
31, 125
23, 425
27, 284
22, 961
24, 607
168, 015
16.50
179, 008
40, 257
31, 865
106, 440
503, 028
106, 845
638, 627
113 510
655 007
80, 545
522, 108
144 273
166 031
166 778
189 960
147 443
125 294
129 233
110 496
119 218
102 228
16.50
16.50
212, 258
16.50
205, 796
16.50
199, 508
16.50
183, 794
16.50
159 659
16.50
154, 379
16.50
143 469
16.50
137, 764
16.50
114, 199
VA AF.A
34, 161
25, 489
32, 622
35, 264
44, 610
34, 140
26, 754
16, 496
20 983
15 569
19, 474
29, 989
14, 261
15, 564
15. 733
20, 778
15 937
21,977
39 587
61, 654
39 015
52, 694
41 263
51 243
38 184
39, 142
32 15^
38* 570
38 128
33 019
28 405
34 218
24 337
37 004
19 400
34 323
126
178, 734
28 962
145, 242
320
155, 999
40 561
2,871
19 590
93 961
123
152, 388
24 965
111,848
331
153, 865
68 463
21, 398
9 392
69 842
185
135, 173
11 065
117 236
102
198 427
99 871
55 932
3 329
93 328
444
108, 701
33 613
73, 261
563
170, 007
120 696
75, 109
4 931
42 931
692
109 336
4 917
95 012
228
145 233
117 664
61 388
1,520
172 296
19 739
144 287
144
191 449
159 462
91, 426
3 986
22 322
1,039
158 717
8 981
137 625
452
162 357
143 309
96 688
2 902
6 561
276
127 496
16 744
103 930
1 407
123 498
101 416
73 025
9 547
1 669
116
99 717
3 848
92 764
213
88 938
75 311
55 063
1 234
6' 403
1 450
1.450
1 450
1.450
I AZ(\
1.450
1 450
1 450
1 450
396, 976 388, 401 443 981 374 142
31 652
42 539
35 842
70 700
1,178,314 1,248,631 1,313,327 1,342,186
o i x 707
322, 335 278 520
192 888 239 942
1,139 794 915 979
283 189 235 986
23 393
117 258
949 442 1 054 545
100 OKO
26 484
35, 138
56, 418
FERTILIZERS
Consumption, Southern States
59
thous. of short tons..
Exports, total
. — long tons— 112, 944
3 378
Nitrogenous
do
103, 228
Phosphate materials
_.,
do
497
Prepared fertilizers
do
60, 235
Imports, total
,„
do
36 833
Nitrogenous
do
8,969
Nitrate of soda _ _
_do
738
Phosphates
do ._
19 414
Potash
do
Price, wholesale, nitrate of soda, 95 percent
1.450
(N. Y.).
.
dol. per cwt—
Superphosphate (bulk):
Production
- _
. short tons—
Shipments to consumers
do
Stocks, end of month
do
'53
150, 583
18, 001
116, 651
907
80, 970
40, 978
2,766
8,784
29 091
40
151, 204
16, 872
125, 094
303
115,961
37, 238
1,865
4,135
69, 094
134
111 901
24 755
74 904
127
141 744
40 902
5 475
8 545
87* fi~"t
4 9^0
1.430
1.450
1 450
2S2, 075
25, 575
849, 634
372, 730
25, 924
958, 397
q K A £94
309, 485
443, 367
475,920
469, 093
465, 818
454, 717
301, 890
293, 849
273, 455
321, 217
356, 217
289, 080
275, 719
4.61
121, 396
402, 121
7.84
105, 477
124, 105
7.82
90, 391
110, 497
7.80
71, 252
134, 649
7.31
60, 902
165, 489
6.15
60, 425
164, 537
5.49
55, 564
163, 527
5.87
27, 630
157, 206
5.38
20, 793
148, 111
4.77
44, 394
139, 444
4.73
82. 395
178, 362
4 34
115, 113
243, 463
4.44
123, 026
323, 280
48, 741
169, 434
65, 561
139, 542
68, 332
145, 365
66 295
145 767
64 976
161 306
63 892
180, 959
42 761
175 927
43 228
181, 568
4^ 161
194 809
50 102
185 347
50 597
183 823
4.4 4-08
184 735
40 866
174 575
.23
28, 877
104, 147
.34
27, 066
84, 627
.32
24,066
86, 171
.30
22, 855
91,626
.27
18,021
97, 506
27
14, 850
82, 840
.26
13,314
72, 561
.29
4, 605
63, 655
.26
2,557
58, 705
.26
8,034
56, 349
.23
20, 156
64, 409
.23
27, 485
75, 607
.23
29, 824
87, 077
7 273
9,723
10 022
15, 554
10, 410
14, 884
•I A OOA
10 467
16 449
10 149
19 966
7 450
21 627
6 958
20* 508
7 1 4.1
90 1 ^n
7 586
16* 752
8 007
15 947
6 944
12 889
NAVAL STORES
Pine oil, production
_
gallons..
Rosin, gum:
Price, wholesale "H" (Savannah)*
dol. per bbi. (2801bs.)_.
Receipts, net, 3 ports
bbl. (500 lb.)_.
Stocks, 3 ports, end of month
do
Rosin, wood:
Production
_ _.
do
Stocks, end of month
_ do
Turpentine, gum. spirits of'
Price, wholesale (Savannah)*— -dol. per galReceipts, net, 3 ports...
bbl. (SOgal,)..
Stocks, 3 ports, end of month
do
Turpentine, wood:
Production
do
Stocks, end of month. _ _
do
1^
dfll
6 TO4
9 620
OILS, FATS, AND BYPRODUCTS
Animal Fats and Byproducts and Fish
Oils (Quarterly)
Animal fats:
Tj
Consumption, factory
thous. of lb
162 380
146 304
186 401
204 950
419 46Q
Production....
do
404, 653
454 766
265, 832
Stocks, end of quarter
do
262 696
252 018
361 006
374 375
Greases:
Consumption, factory
do
42, 064
41, 732
47 745
49 666
Production
do
79 387
80 484
80 158
72 109
Stocks, end of quarter
do
74,913
68, 780
62, 557
64, 724
Shortenings and compounds:
Production
do
441, 147
433, 473
322 437
424 468
Stocks, end of quarter
do
45 460
50 760
44 697
37 324
Fish oils:
Consumption, factory
do
60, 738
50, 497
46 179
71 910
Production
do
89 373
39 447
3 346
124 158
Stocks, end of quarter
do
159 386
185, 277
200, 614
211 248
Vegetable Oils and Products
Vegetable oils, total
Consumption, crude, factory (quarterly)
thous. of lb..
679, 508
1,147,783
1,097,019
827 414
Exportsf
do
2,359
4,355
3,595
3,098
4 024
4 320
1 761
3 262
6 219
5 362
3 411
4 619
3 °84
Importst— do
89 048 153 828 150 839 117 102 80 971 99 816
84 096
70 219 10 i 782 88 335
80 107
71 138
98 419
Production (quarterly)..
do
597, 176
1 178 723
962 737
527 ^28
Stocks, end of quarter:
Crude
do
745, 069
926 224
949 315
738 102
Refined
do
388, 453
523,347
644,837
661. 879
*New series. Earlier data for wholesale price of rosin and turpentine are shown in tables 70 and 71, p. 18 of this issue.
tRevised series. For imports and exports of vegetable oils see tables 58 and 59, p. 18 of the June 1938 Survey. For imports, the data shown here represent a combination
of paint oils" and "all other oils", which are given separately in table 58, p. 18 of the June 1938 issue.
40
SURVEY OF CURRENT BUSINESS
1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
July
September 1938
1937
July
1938
DecemAugust SeptemOctober November
ber
ber
January
™™- |
March
April
May
June
59 436
12 843
41 601
20 825
27 908
55 541
14 642
64 018
8 981
28 612
7 759
23 821
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND BYPRODUCTS-Con.
Vegetable Oils and Products—Continued
Copra:
Consumption, factory (quarterly)
short tons__
Imports
do
Stocks, end of quarter
do
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
thous. of lb._
Refined (quarterly)
do
In oleomargarine
.
do__
Imports
do
Production (quarterly) :
Crude
do...
Refined.
do
Stocks, end of quarter:
Crude
do
Refined
..do
Cottonseed:
C onsumption (crush) _.
short tons
Receipts at mills
do
Stocks at mills, end of mo
do__
Cottonseed cake and meal:
Exports
do
Production
do
Stocks at mills, end of mo - -do..
Cottonseed oil, crude:
Production
. __thous. oflb
Stocks, end of month..,
..do
Cottonseed oil, refined:
Consumption, factory (quarterly)
do
In oleomargarine
.
do..
Price, summer, yellow, prime (N. Y.)
dol. per lb__
Production
thous. of lb_.
Stocks, end of month
„_ .
do__
Flaxseed:
Imports
.
.
thous. of bu.
Minneapolis
and Duluth:
Receipt5*
_ ..
do
Shipments
-- - do._
Stocks end of month
.„ do__
Oil mills (quarterly):
Consumption
_
do__
Stocks, end of quarter
do
Price, wholesale, No. 1 (Mpls.)--dol. per bu_.
Production (crop est.)
thous. of bu__
Stocks Argentina, end of mo do._
Linseed cake and meal:
Exports
.. thous. oflb
Shipments from Minneapolis
do
Linseed oil:
Consumption, factory (quarterly)
thous. of Ib.
Price, wholesale (N. Y.)
dol. per lb_.
Production (quarterly)
thous. of Ib
Shipments from Minneapolis
do
Stocks at factory, end of quarter
do
Oleomargarine:
Consumption (tax-paid withdrawals)*
thous. oHb_.
Price, wholesale, standard, uncolored(C hicago) f
dol. per lb_.
Production
thous. of Ib
Vegetable shortenings.
Price, wholesale, tierces (Chicago)^dol. per lb-~
24 305
20, 141
41 955
6,331
31 186
6,568
26, 185
7,714
31,637
59, 496
24 991
32, 466
107, 083
68,008
9,054
26, 742
14 987
23 335
6,963
19 Oil
5 612
31 415
58, 101
29 019
49, 430
104, 517
60, 899
6 594
34 850
25 431
27 248
4 390
32 Q64
6 431
26 448
122, 113
63 433
9 555
32 796
150
72
7
32
793
943
433
139
76, 103
68, 179
72, 019
64, 213
74 656
70 288
70 477
79 790
132, 134
11, 553
165, 994
10, 543
197, 130
12 392
194 145
13 493
179, 272 703, 347 964, 280 880, 320 792, 294 712, 572 634 399 543 570
380, 728 1,538,087 1,456,171 1 120 453 741 632 482 633 354 653 228 750
241, 239 988, 590 1,480,481 1,720,295 1,669,633 1,439,194 1 159 767 844 628
124, 365
65 135
332, 057
38, 180
34, 733
42, 394
4,422
55 676
216, 503
75
20, 766
41, 952
155
78, 442
33, 700
9,126
344 496
103, 397
24, 453
431 350
136, 542
10, 043
394 616
169, 107
13, 108
355 052
192 978
12, 808
323 202
211,995
10 707
281 127
251 377
45, 478
34, 203
13, 389
11,141
51,812
31,112
230, 305
108, 070
291, 241
155, 548
271, 800
185, 498
246 669
200, 644
211 910
210, 708
8,181
9,282
10, 027
412, 827
13, 282
20, 153
20, 339
501, 656
20 920
.086
53, 917
486, 474
.092
26, 521
441,052
.080
28,116
342, 350
.074
127, 311
311, 862
.067
214, 252
332, 260
.071
214, 139
372 245
.071
218 662
447 576
927
2,063
1,254
2,009
1,707
1,774
1 672
84
27
492
98
211
528
1,453
205
642
1, 842
72
1,493
1,039
507
1, 657
400
500
1,277
246
218
791
1.83
/8, 185
5,512
2.03
1.97
7,666
2,856
2.13
2.17
2.07
6,693
4,724
3,543
2,362
3 150
7 754
3 295
2.10
• 6, 974
4 724
6 693
6 693
6 693
6 693
5 512
6 693
27 216
6 032
67, 032
14, 151
50, 747
14, Ob2
55, 586
19 787
56, 184
20 975
56, 822
19 624
53 827
16 050
25 420
11 225
54 459
5 355
43 104
3 820
33 004
4 734
23 518
4 482
24 322
5 380
.086
.111
.111
.110
.106
.102
.100
.095
.092
6 589
8,567
7,652
5 160
2 450
2 894
3 642
7 602
7 193
25, 671
26, 834
28, 375
34, 822
39, 72?
38, 069
39, 718
40, 802
36, 288
39, 684
33, 137
28, 754
27, 887
.145
25, 512
.150
26, 215
.150
28, 679
.150
34, 843
.150
40 465
.150
37, 475
.150
40 728
.150
40 476
.145
36 201
.145
40 961
.145
32 641
.138
28 500
.134
27 939
.106
.126
.120
.106
.103
.103
.101
.098
.114
.105
.104
.102
.103
26, 730
18, 512
6, 603
11, 909
8,218
34, 495
24, 452
11,217
13, 234
10,043
33, 785
23, 674
10, 431
13, 243
10, 111
33, 062
22, 975
9,931
13 044
10, 087
31, 486
22, 227
10, 494
11 733
9,259
25, 104
17, 843
8,541
9,302
7,261
18. 621
13, 323
6 567
6 757
5 298
21, 245
15, 002
6,371
8 632
6,242
21, 657
15, 326
6,085
9 241
6,331
29, 449
20, 721
7,938
12 783
8,728
33, 286
23, 143
7,946
15 197
10, 143
35, 294
24, 115
7,623
16 492
11, 179
32, 390
22, 386
7 418
14 968
10 003
212, 844
42, 621
372, 258
290, 193
47, 560
261,351
226, 010
53, 236
268, 693
250, 591
48,611
252, 810
238, 256
41, 362
244, 935
214, 027
34, 369
207, 127
160, 847
22 283
164, 312
250, 472
30, 846
214, 601
229, 271
31,415
238, 742
291, 889
43, 388
323, 753
304,579
43 617
473, 425
286, 317
45, 341
419, 912
242, 544
42 947
368, 529
1,281
1,396
1,642
1,658
1,506
1,692
1,283
1,470
1,067
978
602
700
646
881
675
716
754
944
691
778
668
755
612
722
831
888
1,416
1,467
1,224
1,102
919
963
783
678
624
603
345
376
338
289
168
203
249
259
258
253
288
323
22,377
10, 323
25, 595
10, 143
26, 390
9,308
26, 574
9,334
17, 503
8,793
12, 348
9,640
15, 158
8,688
18, 700
8,368
26, 155
5,656
26, 361
5,857
24, 702
6,763
24 706
7,676
2,152
588
717
847
2,671
755
3,368
907
978
1,484
3,014
791
866
1,357
2,096
500
580
1,015
1,098
260
313
524
1,832
394
427
1,010
2,288
491
562
1,235
4,526
1,014
1, 142
2,370
2,968
679
1,009
1,280
2,192
604
859
730
2,436
682
862
892
93, 817
.109
151 278
7 678
142, 818
67 411
.103
150 432
4 159
191, 386
339 695
90 059
594' 992
201 932
77 855
470 915
2 492
242 041
275 800
766
152 815
284 572
815
7 520
95 854
75 728
281 ' 107 260 168
198 137
203 784
175 636
163 847
110 093
133 010
69 344
87 418
53 568
46 761
19 580
16 792
455 021
16 327
11 422
9 958
351 969
9 502
.074
192 175
492 091
.079
195 361
516 039
.082
192 077
564 286
.082
128 845
600 340
.081
107 898
598 932
.080
80 256
565 751
1 457
1 799
1 463
1 024
876
763
186
56
765
116
46
747
66
66
698
77
64
651
184
57
540
299
84
546
2. 16
2.14
6 461
2 142
2.06
1.99
1.86
3 989
1 472
1.81
63 875
.098
125 587
4 973
223, 109
159 452
79 904
391 367
81 892
.087
77 513
7 261
145 909
PAINTS
Paint, varnish, lacquer and fillers:
Total sales of manufacturers thous. of dol._
Classified
do
Industrial
_
_
do__
Trade
- do
Unclassified
._
do
Plastic (cold-water paints) and calcimines:
Sale? of manufacturers:
Calcimines
__,
dollars. .
Plastic paints
do
Cold-water paints
.
..-do
CELLULOSE PLASTIC PRODUCTS
Nitro-cellulose, sheets, rods, and tubes:
Production .
thous. oflb..
Shipments
do
Cellulose-acetate, sheets, rods, and tubes:
Production
thous. of lb_.
Shipments
.
.. . do. _
ROOFING
Dry roofing felt:
Production
.
short tonsStocks, end of month. .
..do
Prepared roofing, shipments:
Total
thous. of squares.
Grit roll
do
Shingles (all types)
do.
Smooth roll _
„
do. _
20, 980
7,750
ooo
1,083
*New series. For oleomargarine consumption see table 64, p. 20 of the June 1938 issue.
• Dec. 1 estimate.
/ August 1 estimate.
' Revised.
tRevised series. Data revised beginning January 1926; revisions not shown on p. 40 of the August 1938 Survey, will appear in a subsequent issue.
41
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1836 Supplement to the Survey
July
1938
1937
1938
July
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production, totalf
mills, of kw.-hr_.
By source:
Fuelsf
do __
Water powerf
do
By type of producer:
Privately and municipally owned — do
Other producers
do
Sales to ultimate consumers!, total (Edison
Electric Institute)
mills ofkw.-hr
Residential
or domestic
do
Co^inrcn ; al and industrial
do
Public ^troot and highway Itg
do
Other public authorities
— -- do
Sales to railroads and railways
do
All other sales
do
Revenues from sales to ultimate consumers
(Edison Electric Institute)
thous. of dol—
9,514
10, 345
1C. 634
10, 227
10, 410
9,819
10, 051
9,633
8,709
9,468
8,924
9,082
••9, 1
5, S74
3, 641
6, 98G
3,358
7, 372
3, 2G3
7,051
3, 176
7,094
3,317
6,167
3,653
6,470
3, 581
6, 106
3,527
5,179
3,530
5,534
3,934
4,907
4,017
5, 252
3,830
'3,6
9, 012
503
9,827
518
10, 1J8
9,722
505
9,881
529
9,275
544
9,453
598
9,035
597
8,156
553
8,929
539
8,404
520
8,571
'8,7
8 357
8 617
8 643
8 467
8 185
8 049
7,930
J.822
5,147
200
189
520
51
7,432
1,667
4, 905
175
176
464
46
7,469
1,590
5, 006
166
180
483
44
7,355
1, 571
4, 981
148
164
445
45
7,231
1, 465
4,972
13G
189
428
41
177, 859
181, 448
185, 828
185, 981
186, 941
189, 277
191,881
181, 207
176, 919
176, 418
170, 983
9 840
9,214
150
465
26, 079
15 693
701
9,485
9 840
9,214
151
464
24, 718
14, 886
534
9. 365
9 935
9 296
168
462
26. 791
16, 376
744
9 521
9 979
9,327
187
455
29, 882
17, 696
2 354
9, 645
9 952
9,287
195
461
30, 255
15 623
5 552
8 881
9,971
9,298
203
462
34, 368
16, 465
8 408
9, 261
9,894
9,235
186
464
34, 460
17, 226
7,594
9,410
9,919
9,254
194
462
32,085
16, 476
6,976
8,423
9,875
9,211
183
469
32, 368
17, 052
6,113
8,992
9,880
9,208
190
471
31, 189
16, 595
4 529
9,884
9 970
9, 299
194
467
29, 682
16, 587
3 353
9, 5S4
9,9
9,2
' 1186
4464
28,2
17,2
1,7
9,1
27, 561
21 017
548
5 897
26,219
19 930
442
5 737
28 259
21 606
647
5 901
30, 758
22 850
1 672
6 115
30, 566
21 328
3,017
6 087
33, 313
22 Oil
4,730
6 432
33, 197
21,819
4,809
6 425
31, 485
20, 599
4,674
6.081
31, 920
21 391
4,168
6 201
30, 786
21 633
2,887
6 126
30. 409
22 418
1 935
5 92G
2O <;
22 fc
1,2
6 769
6, 305
462
91, 777
15,589
75 136
fi 813
6,346
465
94, 201
14,549
78 207
6 857
6 385
470
94, 959
15, 686
78 118
6 924
6, 423
499
102 651
21, 145
80 162
7 016
6 481
531
110, 724
30, 780
78 G01
7 038
6, 495
540
129, 3-H
45. 802
81 939
6 981
6,447
532
123, 942
46, 979
75, 833
6,979
6,447
531
122, 302
45, 967
74, 832
7 002
6,463
537
115 334
41,414
72 420
6 978
6,447
529
105, 608
34, 324
70 516
51G
01 721
25 G93
64 514
6 9
6,4451
4
'489
82, 4
19, f
61 7
26, 440
12, 429
13 899
26, 329
11, 797
14 318
26, 738
12, 171
14 393
31,012
15, 475
15 328
36,911
20, 757
15 930
46, 673
28, 949
17 462
47, 517
30, 631
16, 685
46, 320
29, 658
16, 406
42, 689
27, 000
15 420
38, 006
23, 243
14 634
31, 874
18 577
13 057
27,0
17, 069
15, 1
11 7
r
r
r
1, 164 ' 4. 561 r 5, 204
'r 4, 965 r 5, 195 ' 5, 509
9, 161 ' 9, 510 ' 9, 661
r 511
7,4
1,4
5,1
125
1
193
1
4414
39
174,2
GAS
Manufactured gas:|
Customers total
thousands.
73oinestic
-_ do
House heating
do
Industrial and commercial
do
Sales to consumers
.mills, of cu. ft..
Dorriestic
do
House heating
do
Industrial and commercial
_do
Revenue from sales to consumers
thous. of doL_
Domestic
do
House heating
-- .
-do
Industrial and commercial
do
Natural gas: f
Customers total
thousands
Domestic
do
Industrial and commercial
do
Sales to consumers
mills of cu. ft
Domestic
- do
Industrial and commercial
- do
Revenues from sales to consumers
thous. of doL.
Domestic
_
__
do
Industrial and commercial
do
6 981
G 4-]2
FOODSTUFFS AND TOBACCO
BEVERAGES
Fermented malt liquors:
Consumption (tax-paid withdrawals)
thous. of bbl_Production
do
Stocks, end of month
do
Distilled spirits:
Consumption, total (tax-paid withdrawals)
thous. of proof gaL.
Whisky
do
Whisky
do
Stocks, total, end of month
do
Whiskv
do
Rectified spirits.
Consumption (tax-paid withdrawals)
thous. of proof gal__
5,387
5,135
9,189
'r 6, 468
6, 380
<• 9, 255
'6,219
r
5, 889
r 8, 700
' 5, 132
'r 5, 128
8, 486
5,732 'r 5, 304 rr 5, 790 r 7, 920
4, 658 ' 6, 343
4, 12G
4,313
5 692 r g^ 314 T 8, 908 r 13; 870
3,915 r r 7, 522 r r 6, 843 r r $', 349
496, 903 466, 024 468, 201 469, 731
470 401 r 448, 134 r 449( 893 r 450, 9(32
'4,187
3, 828
r 7, 957
r
r
r
r
3, 926
3, 639
7, 506
r 3, 729
r 3, 504
r 7, 134
' 3, 072 ' 3, 247
' 3, 670
7, 482 r 7, 759
r
3,571
r
r
4, 015
5,OI5
Q 5^9
' 10, 083 r 11,226 r 8, 485 ' 5, 097 r' 5, 367 r 7, 255 «• 6, 38G r 6, 443 rr 6, 5G7
4,382 ' 5, 648 ' 4, 039 ••5.111
' 8, 104 * 9, 107 ' 6, 790 '4, 231
5, 175
r J9 ) Q48 r ig, 533 r 13^ 95,3 r 14, 624 r 12, 991 r 12, 283 r ]0, IIQ T (j; 658 r 6( 85()
r
7, 874 r 9] 867 r lo! 044 r r 11^639 r ' 10,' 254 r 9! 886 r 8,' 244 r r 7] 653 r '4,' 71 5
-468,731 '• 470, 141 ' 473, 720 r 482, 650 r 489, 436 * 492, 840 >• 495, 992 498, 067 r 497,527
r 449; 919 T 449, 903 r 452, 399 459, 247 464, 525 r 4 g7 423 r 470, 446 M72, 162 471, 160
1,891
2,193
3,251
4,634
4,984
4,721
2,110
2,120
2,784
2,394
2,370
2,587
131,403 M 30, 461
135,860
142, 046
137, 454
135, 043
133, 998
126, 621
121, 475
133, 301
141,711
162, 620
138, 836
.32
.26
183, 651 '171,108
67, 764
61,636
.33
146, 752
48, 749
.35
125, 742
42, 886
.36
117, 141
39,900
.38
102, 445
38,296
.39
110,311
40,835
.34
114.499
43, 971
.31
111,057
42, 291
.30
126, 489
48, 858
.28
146, 791
53, 156
.26
197, 526
68, 605
.26
204, 393
78, 909
123, 863
134, 885
118, 697
98, 624
66, 191
42, 953
31, 211
21, 033
14, 387
19, 574
54, 594
57,238
3,677
.19
58,101
46, 043
17, 863
122, 647
105, 026
63, 748
4,811
.19
54,160
42,533
15, 084
117,610
101, 178
63, 309
7,536
.20
50, 619
38, 364
14, 975
112,687
97, 160
50, 336
6,206
'.20
40,050
29,918
10, 865
108, 497
93. 633
47, 316
4 733
'.19
38, 042
27. 645
10, 845
103, 935
89, 258
53, 481
3 189
'.18
39, 781
28, 418
11,764
93, 497
80, 479
52, 156
3, 666
'.17
40, 751
29, 295
12,223
85, 656
73,815
63, 948
4 376
'.16
51, 196
36, 902
15, 572
77, 042
66, 361
64, 998
5 264
'.15
58, 824
44, 451
11,918
76, 289
65, 767
67? 025
69 593
4 233
4 309
'. 15
'. 15
80, 306
86, 408
66, 922
68, 590
16, 461
12, 465
91, 160 r 114, 788
79, 345 ' 99, 676
2,213
I>AIRY PRODUCTS
Butter:
Consumption, apparent!
thous. of lb._
Price, wholesale 92-scor« (N. Y.),
dol. p«r lb_.
Production, creamery (factory) t--thous. of lbReceipts, 5 markets
do
Stocks, cold storage, creamery, end of month
thous. of lb__
Cheese:
Consumption, apparent!
do
Imports .
_
do
Price, No. 1 Amer. (N. Y.)
dol. per lb_.
Production, total (factory) f
thous. of lb__
American whole milkj
do
Receipts, 6 markets
do
Stocks, cold storage, end of mo
do
American whole milk
do
r
Revised.
172, 505
63, 862 ' 59, 352
3,881
3 490
. 15
.18
77. 906 «• 68,916
61,654 ^ 54, 399
17,220
16, 880
132, 669 118,235
114, 154 100, 418
r
120, 351
gas revised for period 1929-37; data for 1929-32 appear in tables 67 and 68, pp. 16 and 17 of this issue; figures for 1933-37 will be given in the 1938 Supplement. Revisions in butter
and cheese consumption and production for 1936 not shown on p. 41 of the November 1937 Survey will appear in a subsequent issue.
42
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1986 Supplement to the Survey.
1937
1938
July
September 1938
July
1938
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS-Continued
Condensed and evaporated milk:
Exports:
701
220
Condensed (sweetened) ... .. thous. of Ib
1,819
1,862
Evaporated (unsweetened)
do
Prices, wholesale (N. Y.) (case goods) :
4.85
5.00
Condensed (sweetened)
dol. per case..
3.20
3.00
Evaporated (unsweetened)
_ do
Production:
Condensed (sweetened):
Bulk goodst...
thous. of lb._ 18, 327 ' r19, 565
4, 246
3,281
Case goodsf
__
_ do_.
Evaporated (unsweetened) f
do
220, 192 '201,641
Stocks, manufacturers, end of month:
Condensed (sweetened):
16, 029
Bulk goods
thous. of lb._ 21,846
11,173
Case goods
do
10, 249
Evaporated (unsweetened), case goods
thous. of lb._ 392, 641 227, 696
Fluid milk:
4,743
4,787
Consumption in oleomargarine-do __
Production (Minneapolis and St. Paul)
34, 421
thous. of lb_.
Receipts:
18, 975
Boston (incl. cream)...
--thous. of qt._
124, 455
Greater New York (milk only)
do
Powdered milk:
301
1,396
Exports
.
thous. of Ib
29, 435
32, 658
Production t
do
42,902
59, 649
Stocks, mfrs., end of mot - do
741
2,265
1,221
1,539
1,142
1,874
137
1,918
1,458
2,037
224
2,508
472
1,699
312
1,209
932
2,154
1,366
1,414
572
1,983
4.85
3.25
4.85
3.25
4.85
3.25
4.97
3.25
5.00
3.25
5.00
3.25
5.00
3.25
5.00
3.21
5.00
3.00
5.00
3.00
5.00
3.00
16, 170
3,992
155, 477
15,914
4,019
135, 137
12, 658
4,344
121,087
11, 390
3,461
91, 671
14, 066
4,444
101, 304
11,346
3,973
124, 099
11, 230
3,547
127, 627
14, 376
4,238
171,811
19, 467
4,823
198, 203
28, 587
4,750
273, 090
24, 785
3, 2-17
268, 169
13, 373
10, 572
11, 033
8,699
8,730
8,252
5,074
7,153
5,019
6,229
4,229
4,935
4,037
4,574
5,319
4,827
7,118
5,601
15, 907
9,052
' 19, 538
9,434
263, 324
227, 710
244, 766
218, 372
181, 686
156, 894
132, 663
123, 801
151, 669
261, 703
350, 790
5,254
6,411
7,497
7,037
7,268
7,350
6,949
7, 605
6,063
5,509
5,292
27,070
23, 756
24, 442
25, 284
31, 277
36,505
36, 412
42, 771
42, 062
45, 610
40, 746
19, 126
123, 064
16, 377
120, 128
16. 584
125, 287
17, 052
119,563
16, 272
119, 178
14, 484
113,379
14, 566
109, 203
16, 483
121, 241
15, 796
115, 020
16, 090
119,365
15,988
121, 643
409
21, 030
40, 219
179
18, 757
37, 644
571
16, 938
31,166
322
15, 360
27, 181
517
20, 516
22, 851
371
23, 224
28, 451
1,295
23, 933
32, 174
788
30,503
35, 508
668
36, 089
41, 594
16, 737
~"~8~45o~
• 210, 673
5,993
6,150
6,180
5,490
3,931
2,059
877
10, 485
8,524
3,685
12,018
11, 637
2,192
10, 668
17, 262
2,005
8,760
16, 426
2,766
6,513
17,029
2,062
4,013
19, 008
2,052
1,926
19, 278
2,797
655
18, 586
3,968
14, 223
1,626
1.181
•393,289
14, 912
1.225
1.294
1.475
1.494
1.515
1.619
20, 647
20, 245
23, 870
21, 061
22, 940
23, 452
820
1,058
43, 808 '41,955
53, 520 ' 58, 769
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_. / 134, 867
938 "~~i~657~
Shipments, car-lot
no. of carloads..
Stocks, cold storage, end of month
thous. of bbl
6,774
Citrus fruits, car-lot shipments. ..no. of carloads.- 11,385
1,557
1,158
Onions, car-lot shipments
do
Potatoes, white:
1.163
Price, wholesale (N. Y.)-— dol. per 100 lb_.
1.144
Production (crop estimate)
thous. of bu_. /385, 515
16, 358
Shipments, car-lot
DO. of carloads
14, 503
1,291 "~6~ 348"
5,268
1,783
2,479
5,590
4,841
.930
.925
.969
1.105
9,663
18, 524
21, 025
14,325
GRAINS AND GRAIN PRODUCTS
Exports, principal grains, Including flour and
9,366
4,079
11, 172
14,835
14, 249
16, 219
30, 022
meal
thous of bu
25,774
28, 441
21, 331 31,219
24, 752
43, 357
Barley:
2,962
265
2,118
2,270
861
1,737
863
Exports, including malt
do
1,238
791
636
1,303
1,973
1,619
Prices, wholesale, No. 2 (Mpls.)
.63
.68
.79
.71
.71
.73
.48
.80
.82
Straight..
dol. per bu._
.76
.72
.68
.57
.72
.83
.78
.78
.78
.54
.79
.84
Malting
>
do
.84
.78
.77
.61
.80
•219,635
Production (crop estimate)
thous. of bu._ /248, 283
13, 018
1,151
10, 952
9,436
9,678
6,364
2,900
Receipts, principal markets
do
8,209
6,409
5,814
4,263
4,617
2,978
Stocks, commercial, domestic, end of mo.
13, 386
9,967
6,227
7,884
13, 368
13, 111
11, 733
thous. of bu._
11, 759
11, 524
9,819
7,512
5,247
5,771
Corn:
29
32
35
1,750
3,895
Exports, including meal _
do
188
15, 064
13,290
9,042
16, 170
20, 698
25, 446
13, 375
3,964
4,465
6,667
4,742
6,229
5,614
Grindings _ _ _ _ _ _ ._ __ _. ._ _ do
3,618
6,660
5,510
5,943
'5,638 '5,669 ' 5, 784
Prices, wholesale:
.86
.54
.59
1.25
.55
.58
.55
.54
No. 3, yellow (Kansas City)— _dol. per bu_.
.55
.57
.55
.53
(°)
1.08
.62
.54
.56
1.23
.59
.60
No. 3, white (Chicago)
do
.58
.58
.59
.58
.57
C)
•2,644,995
Production (crop estimate)
thous. of bu._ /2,566,221
26, 573 ~l6~682~ "~7,~ 196* "~8~171~ "i7~298~ ""42 "877" 34, 605 "33," 726 ~"l77971~ ~~23~ 558" ~~29,~948" ~~31,~867~ "~28,"i64
Receipts, principal markets..
do
3,804
4,697
4,701
7,293
17, 801
16, 656
21, 362
Shipments, principal markets
do
12, 921
11,760
27, 617
24, 367
38, 706
27, 987
Stocks, commercial, domestic, end of mo.
4,512
5,175
22, 621
6,191
36, 164
41, 092
7,425
thous. of bu__ 15, 004
39,000 43, 227 40, 704
25, 916
23, 674
Oats:
942
761
2,825
1,031
616
Exports, including oatmeal
do
101
1,510
548
378
480
462
1,130
2,100
Price, wholesale, No. 3, white (Chicago)
.32
.30
.32
.32
.26
.32
.39
.33
dol. per bu__
.33
.32
.31
.29
.28
•1,146,258
Production (crop estimate)
thous. of bu_. /1,041,009
14, 487
6,765
25, 170
7,612
9,440
5,408
Receipts, principal markets
do
6,403
3,933
9,703
4,730
4,381
3,609
5,267
Stocks, commercial, domestic, end of mo.
3,359
18, 556
28,401 27, 111
25,287
25, 827
25, 077
thous. of bu_.
23, 822
6,837
21, 141
15, 547
9,483
6,825
Rice:
Exports..
,- pockets (100 lb.)_ 322, 270 160, 895 247, 900 325, 205 262, 258 277, 547 298, 294 443, 085 86, 473 163, 858 152, 916 278, 979 325, 820
83, 915
80, 991
56, 558
52, 627
40, 452 177,972 176, 431 151, 841
Imports
do
56, 394
26,987
60, 756
64, 407
51, 259
Price, wholesale, head, clean (New Orleans)
.030
.035
.031
.030
.031
.034
.037
.031
dol. per lb..033
.033
.033
.034
.033
Production (crop estimate)
thous of bu / 53, 595
• 53, 004
Southern States (La.,Tex., Ark., and Tenn.):
Receipts, rough, at mills
152
1,282
100
2,244
1,782
760
270
thous. of bbl. (16? Ib.)...
922
1,199
1,007
676
770
531
Shipments from mills, milled rice
949
1,342
576
520
1,277
1,448
696
thous. of pockets (100 lb.)_.
1,101
1,008
1,190
967
902
970
Stocks, domestic, rough and cleaned (in
terms of cleaned rice) end of month
910
1,256
2,233
2,827
1,271
2,198
2,337
1,027
thous. of pockets (100 lb.)_2,299
2,188
1,940
1,841
1,434
California:
Receipts, domestic rough
bags (100 lb.).. 165, 480 237, 364 367, 221 263,332 611, 680 443, 894 216, 854 510, 712 385, 282 217, 229
57, 908
87, 859 186, 353
Shipments from mills, milled rice
do
119, 712 118, 257 235,262 195, 138 226,284 204,300 109, 891 188,085 211, 597 191,798
65, 445
94, 592
65, 547
Stocks, rough and cleaned, end of mo.
bags (100 lb)- 235, 334 434, 471 316, 503 159, 654 316, 165 373, 621 382, 331 457, 290 469, 169 372, 783 329, 980 311, 744 294, 634
' Revised.
• No quotation.
• Dec. 1 estimate.
/August 1 estimate.
Art _* 4.V,xx >
t Revised series. Revisions for 1936 for production of condensed and evaporated milk not shown on p. 42
of the November 1937 Survey will appear in a subsequent issue.
Production and stocks of powdered milk represent skimmed milk only; revisions beginning 1918 will be published in a subsequent issue.
43
SURVEY OF CURRENT BUSINESS
September 1938
1937
1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
July
July
August
1938
Septem- October Novem- DecemJanuary
ber
ber
ber
Febru-
March
524
.74
607
.67
ary
April
May
June
FOODSTUFFS AND TOBACCO—Continued
GRAINS AND GRAIN PRODUCTS— Con.
Rye:
1,031
293
721
Exports, Including
flour
thous. of bu_116
.85
.78
.77
Price, wholesale, No. 2 (Mpls.)__dol. per bu._
.48
Production (crop estimate)
thous. of bu-_ f 52, 500
Receipts, principal markets..
.do.....
~~~5,~989~ ~~~4~ 752"
1,147
Stocks, commercial, domestic, end of mo.
1,187
4,223
5,676
thous. of bu_.
1,195
Wheat:
Exports:
7,230
4,712
Wheat, including
flour
do - 12, 764
3,385
5,453
Wheat only
do
2,145
2.678
10, 844
Prices, wholesale:
No. 1, dark, northern, spring,
1.33
1.34
Minneapolis
dol. per bu
1.51
.87
1.22
1.12
1.09
No. 2, red, winter (St. Louis)
do
.69
1.12
1.10
1.22
No. 2, hard, winter (K. G.)
do
.70
1.09
1.08
Weighted av., 6 markets, all grades-do
.68
1.19
Production (crop est.), total. ..thous. of bu.~ 1 955,989
Spring wheat
do
/267 531
Winter wheat
do
/ 688 458
62, 241
35, 199
Receipts, principal markets
do
101, 195 111,913
25, 102
27,726
18, 964
Shipments, principal markets
. - do
26, 726
Stocks, end of month, world estimated
thous. of bu._
229, 529 269, 870 308, 770
24,970
26, 267
59, 198
Canada (Canadian wheat)
do
18, 726
89,334 131, 239 141, 014
United States (domestic wheat)
do
96, 389
Held by mills (end of quarter) ._ do.- ..
163, 363
W heat flour:
Consumption (computed by Russell's)
8,302
9,161
thous. of bbl._
8,449
Exports
_
_
do.. _.
264
378
433
409
39,993
38, 872
42, 467
Grindings of wheat
thous. of bu_.
Prices, wholesale:
6.48
7.44
6.07
Standard patents (Mpls.)
dol. per bbl._
5.43
5.28
5.24
Winter, straight (Kansas City)
_do
5.76
4.25
Production:
8,678
9,234
Flour, actual (Census).
thous. of bbl._
8,415
54
Operations, percent of capacity
52
60
9,180
9,894
Flour (Computed by RusseU's).thous.of bbl_.
9,140
Offal (Census)
thous. of Ib
701, 642 717, 658 761, 784
Stocks, total, end of month (computed by
5,000
4,700
Russell's)
_ -thous. of bbl._
4,200
5,001
HeM by mills (end of quarter)
do_
LIVESTOCK
Cattle and calves:
2,245
2,360
Receipts, principal markets, thous. of animals .1,675
1,630
Disposition:
Local slaughter
do
1,184
1,247
952
1,013
Shipments, total. ...
_ do __
1,020
1,094
660
659
Stocker and feeder
do
381
224
437
242
Price, wholesale, cattle, corn fed (Chicago)
dol. per 100 lb_.
15.68
16.53
15.08
11.01
Hogs:
1,275
1,533
Receipts, principal markets.thous. of animals- _
1,157
1,570
Disposition:
Local slaughter
..
do
885
1,071
1,122
790
Shipments, total
_. _ . do
380
454
444
366
Stocker and feeder
do
32
35
32
32
Price, wholesale, heavy (Chicago)
dol. per 100 Ib_12.11
11.83
12.19
8.94
Sheep and lambs:
Receipts, principal markets, thous. of animals. 2,752
2,994
1,964
1,908
Disposition:
Local slaughter
do
1,163
900
1,047
979
Shipments, total
__ do .
992
1,012
1,806
1,677
Stocker and feeder
do
633
549
177
177
Prices, wholesale (Chicago):
Ewes
dol. per 100 Ib
4.75
4.03
4.38
3.19
Lambs
__
.
do.
10.43
10.16
8.56
10.47
Total meats:
MEATS
Consumption, apparent
mills of Ib
Production (inspected slaughter)
do
Stocks, cold storage, end of month
do
Miscellaneous meats
_
__ do..
Beef and veal:
Consumption, apparent
thous. of lb__
Exports
do
Price, wholesale, beef, fresh, native steers
(Chicago)
dol. perlb..
Production (inspected slaughter)
thous. of lb._
Stocks, cold storage, end of mo
do...
Lamb and mutton:
Consumption apparent
do
Production (inspected slaughter)
do
Stocks, cold storage, end of month do
Pork (including lard) :
Consumption, apparent
do
Exports, total. _
...
do
Lard...
_._
do
Prices, wholesale:
Hams, smoked (Chicago)
dol per lb_ .
Lard, in tierces:
Prime, contract (N. Y.)
_ do
Refined (Chicago)
do
Production (inspected slaughter) total
thous. of lb_.
Lard
do _
Stocks, cold storage, end of month
do
Fresh and cured
do
Lard
do
r
Revised.
"I'm
754
.74
589
.68
706"
445"
6,228
5,729
4,724
4,593
4,044
3,413
2,627
1,689
1,000
9.331
7,104
8,609
6,388
9,324
7,175
10, 448
8,509
10, 578
8,754
10, 565
8,510
7,693
5,724
13, 335
11,041
9, 010
7,059
1.27
1.04
1.06
1.04
1.15
.93
.94
.94
1.20
.95
.96
.96
•873,993
•188,891
•685, 102
16,076
10. 648
31,460
16, 339
1.27
1.00
1.03
1.02
1.25
.99
1.00
.99
1.19
.92
.91
.93
1.10
.85
.85
.86
1.05
.77
.80
.82
1.05
.75
.77
.81
10, 910
13, 553
8,542
10, 395
10, 642
10, 458
10, 875
13, 778
14, 274
17, 090
16, 984
14, 277
249
627
.70
.76
• 49, 449
~"~2~045~ "~~1,~327"
644 ""I," 124"
22, 638
23, 892
785~
395
.61
502
.58
868~
286
.56
419
291, 050
62, 720
130, 260
297,970
54, 552
114,713
333. 020
52, 136
94, 520
131, 284
320, 240
50, 088
79, 203
302,690
45, 528
66, 467
273, 470
43, 379
54, 426
85, 241
239, 440
41, 029
43, 191
190, 520
31, 690
33, 816
175, 900
25, 043
28, 333
57, 035
9,268
474
43, 477
9,099
473
40, 209
8,812
457
37, 538
8,285
413
37, 421
5,962
388
34,924
8,081
437
39, 589
7,744
419
36, 085
7, 539
4SS
35, 784
415
39, 165
5.97
5.23
5.53
4.66
5.67
4.91
5.89
5.21
5.91
5.51
5.50
4.93
5.35
4.51
5.21
4. 15
5.88
4.53
9,446
59
9,942
781, 689
8,698
57
9,272
722, 674
8,168
51
8,969
673, 105
8,116
53
8,348
675, 738
7,572
53
r 7, 727
631, 061
8,600
7,834
52
49
' 8, 793
8,321
710, 240 650, 595
7,739
50
8,177
646, 817
8,474
53
5,200
4,900
4,600
4,560
4,250
4,500
4,150
4 152
4,350
707, 364
4,500
3,508
2,332
2,132
1,629
1,646
1,310
1,626
1,502
1,681
1,605
1,193
1,131
595
1,146
978
461
1,015
630
237
1,054
557
188
863
443
137
1,013
605
231
920
576
201
1,021
632
218
995
615
16.06
14.20
11.11
9.90
9.57
9.31
9.60
9.88
1,906
2,323
2,587
2,892
1,962
1,895
1,724
1,890
1,757
1,362
539
32
1,666
649
29
1,834
753
27
2,066
815
35
1,331
626
39
1,334
557
47
1,206
517
35
1,333
548
31
1,249
500
38
8.69
9.10
10.53
8.58
7.53
7.55
8.25
9.13
8.27
8.17
2,697
1,785
1,643
1,954
1,713
1,739
1,938
2,409
1,929
1,023
1,668
857
922
891
352
988
668
94
1,150
793
95
1,058
663
82
1,067
670
79
1,079
853
90
1,274
1,129
187
1,080
862
171
4.11
9.72
4.15
9.20
3.81
8.47
3.91
7.93
4.08
7.38
4.84
8.70
4.94
8.04
3.62
7.76
3. 16
8.84
996
958
672
62
'999
982
••642
62
965
937
601
60
927
771
736
58
938
792
582
49
1,031
891
440
44
1,033
1,000
394
42
983
1,042
447
51
1,054
1,195
583
67
1,039
1,259
797
81
883
944
838
78
989
961
789
70
953
908
729
64
449, 200
1,194
443, 282
1,064
472,911
1,179
502, 232
1,026
490, 994
1,025
437, 664
705
452, 630
991
456, 087
1,012
403, 981
1,046
464, 855
1,279
442, 341
913
452, 674 ••456,814
944
1,029
.174
.228
.248
.251
.246
.211
.180
.144
.126
.141
.146
444, 617
35, 965
421,267
61, 466
459, 706
44, 582
485, 889
38, 746
489, 019
43, 897
440, 814
53, 741
456, 961
60, 970
4.52, 185
59. 369
399, 062
67,023
453, 600
50,501
423, 753
40, 145
437, 167 449, 569
33, 601 r 33, 730
55, 537
55, 392
1,971
52, 913
62, 639
1,840
57, 501
57, 634
1,928
64, 075
64,064
1,887
58,789
59, 318
2,376
52, Oil
51, 948
2,286
56, 856
57, 514
2,895
64, 716
65, 140
3,294
59, 305
59, 573
3,523
60, 659
60,094
2,901
58, 982
58, 253
2,121
61, 691 r 56. 240
56, 321
61, 732
2,125
2,148
460, 623
22, 187
12, 881
430,739
13, 221
7,746
407,986
11, 831
7,175
464, 580
13, 016
9,717
483,560
23, 598
18, 797
493, 174
26. 260
18, 314
544, 612
29, 582
22, 181
517, 997
26,750
20,453
419,431
23, 085
16, 284
463, 597
24, 911
16,047
451, 294
22, 471
15, 508
481, 847 '486,067
29, 711
25, 635
20, 340
17, 179
.150
.158
.222
.242
.252
.254
.253
.237
.216
.209
.212
.214
.216
.214
.212
.095
.106
.126
.138
.117
.136
.114
.132
.105
.123
.099
.114
.088
.101
.091
.103
.093
.104
.094
.103
.088
.098
.087
.098
.088
.097
436, 978
72, 938
502, 682
S79, 033
123, 649
297,000
41, 701
624, 232
467, 273
156, 959
274, 501 341,231 451,712
35,278
43, 510
59,009
485,689 355, 148 305,891
367, 595 282, 534 266,414
118, 094
72,614
39,477
• De e. 1 estim ate.
549, 279
85, 468
340, 596
306, 630
33, 966
680, 585
111, 706
452, 268
398, 565
53, 693
742, 082 485,475 447, 360
180, 196
82, 645
77, 715
653, 346 699, 633 665, 263
554, 028 582,654 543, 947
99, 318 116, 979 121, 316
/Al] gust 1 estimate.
425, 797
74, 908
622, 454
500, 564
121, 890
458. 701 476, 552
8i; 023
80, 365
574, 097 r' 543,770
450, 516 417,704
123, 581 ' 126,066
SURVEY OF CURRENT BUSINESS
44
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data, may be found in the
1936 Supplement to the Survey.
1938
July
September 1938
1937
July
Ancmst
AUgUSt
Se
1938
tem
Novem- DecemP
January
ber ' October
ber 1 her
Febru-
ary
March
April
May
June
FOODSTUFFS AND TOBACCO—Continued
POULTRY AND EGGS
Poultry
Receipts 5 markets
thous. of Ib
Stocks, cold storage, end of month
do ._
Eggs.
Receipts, 6 markets
__ thous. of cases
Stocks, cold storage, end of month:
Case
thous. of cases
Frozen -thous. of lb_
TROPICAL PRODUCTS
Cocoa:
Imports
long tons
Price, spot, Accra (N, Y.)
del. per lb__
Eiports from the Gold Coast and Nigeria,
Africa
long tons
Coffee:
Clearances from Brazil total.thous. of bags_.
To United States
_.
do
Imports into United States
do
Price, wholesale, Rio No. 7 (N. Y.)
dol. per lb_Receipts at ports, Brazil
thous. of bags__
Stocks, world total, incl. interior of Brazil,
end of month
thous. of bags
Visible supply, total, excl. interior of Brazil
thous. of bags__
United States
do
Sugar:
Raw sugar:
Cubaft
Stocks, total, end of month
thous, of Spanish tonst-Uniwd States:
Meltings 8 ports t
Jong tons
Price, wholesale, 96° centrifugal (N.Y.)
dol. per lb_Receipts:
From Hawaii and Puerto Rico
long tons.Imports
do
Stocks at refineries, «md of month f_do
Refined sugar (United States):
Fxports including maple
- - do
Price, retail, gran. (N. Y.J
dol. per lb._
Price, wholesale, gran. (N. Y.)
do
Receipts:
From Hawaii & Puerto Rico, .long tons..
Im ports:
From Cubs
do
From Philippine Islands
do__ Tea:
Imports
thous. of Ib-Price, wholesale, Formosa, fine (N. Y.)
dol. per lb_.
Stocks in th« United Kingdom |_ thous. of lb_.
MISCELLASEOtS FOOD PEOIHJCTS
Candy, sales by manufacturers. .thous. of dol_.
Fish:'
Landings, fresh fish, pdn. ports.thous. of lb__
Salmon, canned, shipments—
_, .casesStocks, total, cold storage, 15th of month
thous. of lb__
Gelatin, edible:*
Monthly report for 7 companies:
Production
_ _ __
do
Shipments
do
Stocks
do
Quarterly report for 11 companies:
Production
„
do
Stocks ._ .
do
TOBACCO
Leaf
Exports..
thous. of lb__
Imports, Incl. scrap .
...
do_. _
Production (crop estimate) _
do
Stocks, total, incl. imported types, end of
quarter
_. thous. of Ib
Flue-cured fire-cured and air-cured do
Cigar types
do
Manufactured products:
Consumption (t&x-paid withdrawals):
Small cigarettes
millions
Large cigars
_
thousands..
Manufactured tobacco and snuff
thous. of lb__
Exports, cigarettes
thousands..
Production, manufactured tobacco:"
Total
thous. of Ib
Fine cut chewing
._
. do
Plug
do
Scrap chewing
do
Smoking
.
do
Twist
do
Prices, wholesale:
Cigarettes
dol. per 1,000..
Cigars
. do
68 014
108, 746
56 489
123, 500
18 606
115,105
14 369
100 493
12 364
78 819
13 997
60 053
19c T21
~> > 0-9
9
1 697'
r 53 432
671
666
701
928
969
1 639
1 978
1 916
1 SO0?
6, 158
133, 805
2,672
120, 929
831
109, 210
314
281
95, 598
88, 754
1 303
96 475
3 204
115 874
" ]QQ
130 ^79
r g 255
r 13§ 51Q,
23,237
61,721
33,238
76, 208
941
791
22 960
52, 561
20,810
7G, 040
20, 885
63, 733
1, 035
1,188
6 407
135, 351
8,718
166, 876
8,390
160,258
7, 058
148. 216
21 047
. 0526
18, 130
.0790
27 '583
. 0837
25, 247
.0786
12, 665
. 0627
17 438
, 0581
12 720
.0560
14 197
.0609
15 954
. 0605
07 515
.0600
12 036
.0520
. 0467
8 987
. 0470
60 153
8,214
18,961
18, 781
13, 278
18 794
22 786
20 413
19 607
17 604
12 335
31 30-
40 Q^R.
1, 305
083
1, 190
756
376
865
848
444
733
993
470
842
1,108
609
874
942
517
1,040
1,497
876
1,110
1,570
871
1, 233
1,365
676
1, 404
1,463
743
1,415
1, 490
709
1,206
1, 439
690
1,183
1, 622
™ '' 783>
1, 232
. 049
1, 204
.094
794
.093
880
.093
949
.091
1,159
.070
1,122
.063
1, 337
.059
L 5iO
.054
1,704
,054
1,470
.048
1,619
.048
1,525
.049?
1,401
(0
(0
(c)
(0
( <:}
( c]
7,045
577
7,266
687
7,38 ,
764
7,388
7,215
2, 407
(c\
(c)
(e)
6,988
7,621
1,107
7,589
1,099
29,705
7,312
870
(c)
(c)
7,426
784
6, 978
662
32 477
6,986
592
7,340
736
7
C1 0
1,894
1,454
1,266
1,129
1,009
862
503
546
1, 341
2,401
2, 545
382 948
425, 457
420 024
180,842
266, 341
293, 347
320 775
245 130
290 170
300 583
343 6S5
.028
,035
.035
034
.032
.033
.032
.032
.032
.031
.029
.027
158, 276
211 077
282, 876
109, 937
293, 422
320, 817
104, 646
246, 556
159, 529
73. 631
154, 535
168, 014
113,932
132, 684
180, 978
78. 335
136, 471
191, 957
74, 502
134, 217
167, 511
31, 303
193 528
201, 118
62, 287
231 923
169. 882
173, 722
271 605
299, 360
163,517
254 278
353, 230
205. 469
235 sc;*
•129, 495
4 958
.050
.044
3,907
.062
.046
3, 550
. 053
.046
4, 265
.054
.050
6,757
.057
. 048
5,675
.055
.048
4 699
.055
.048
2 808
.053
.047
3 607
.053
.047
4 603
.053
.046
4 687
.052
.045
.051
.046
2. 037
. 027
141,731
345, 274
. 051
.044
2,908
331
1,563
893
1,339
2,456
17, 746
1,799
16, 446
26, 116
20, 066
2,485
40 OR4
11,516
5,763
28, 776
3,248
5,415
1,286
3
580
957
1,988
3 240
135
8 905
2 545
29 454
179
33 086
Q 677
25 559
2^, 9J .7O5
32. 1 12
5,270
7,044
6,487
8,008
7,789
9,177
8,980
6,366
7,319
7,138
6,829
5, 004
5,697
.280
,2-5
131, 167
.275
144, 839
.275
149, 669
.280
170, 131
.280
196, 882
.280
218, 070
.280
227, 392
.280
217, 914
.280
188, 388
.280
168, 201
9PO
.280
165 65S
13. 524
IS, 571
32, 257
31, 256
31, 267
27, 999
23, 157
23, 000
23, 635
20, 692
18, 414
15, 569
39, 530
40, 728
203, 374
39, 071
360, 321
37, 474
746, 180
42, 997
428, 748
44,308
238,332
30, 350
323, 187
31, 201
358, 183
26, 508
427, 917
37, 588
587, 392
42, 769
259, 361
46, 543
J
l l 041
38, 963
518 885
66, 711
59, 330
66, 204
69, 321
72,350
78, 102
79, 891
72, 721
62, 184
45, 694
37, 367
45, 810
1,054
1,254
5,490
939
1, 279
5, 150
1,046
1,170
5,025
1,232
1,013
5 245
1,419
1,488
5 756
6 301
1,477
1 274
6 503
1 453
1 395
6 631
1 534
1 400
6* 766
1 5^4
1 467
6 8°3
1, 666
6, 925
28, 987
4 752
21, 396
4,373
11, 915
908
4,312
7,550
13, 467
10, 435
'1,478,8.51
15,990
7,367
25, 322
7,201
53, 226
6.033
943
5, 992
9,367
59, 974
5,545
55, 981
4,925
2,047,188
1 651 651
324,440
60, 464
6 477
«1,553 405
2 222 019
1 845 322
295,288
6, (>Zl
162 Sil
6 305
9 969
45, 046
5 353
35, 113
3 703
36, 624
8 690
r
2 432 729
r ?
lT 957'906
_
13,017
r
55, 039
6, 953
- H
21, 425
5, 793
2,167,479
1 725 831
347,755
371 '301
13, 784
420, 510
15,290
476, 489
15.098
452, 898
14,854
498, 835
13,89°
517, 565
12, 786
492, 686
12 611
336, 161
13 058
328, 574
11 492
338, 887
13 728
431J 691
12 597
384, 918
14, 324
417, 144
14,717
477, 443
27, 544
466, 561
29, 519
405, 768
28,36]
428.888
29. 597
510, 590
29,067
520. 371
27,014
354, 754
24,700
538, 786
26, 280
475, 939
25, 077
551, 625
30, 767
604, 307
27, 509
534, OS5
28. 921
487, 675
30, 180
598, 716
25, 371
25, 796
26, 398
26 01]
24 514
22 481
22 394
22 740
27 248
4,86)
4, 127
15, 249
6 015
4 293
15, 396
5 570
3. 832
15, 938
3 727
3 153
14 726
4 587
3 105
14 262
437
451
4 806
3' 373
18 155
' 412
24 969
' 366
4 375
3' 493
16 363
' 366
°5 766
394
4 615
3 551
16 772
434
5. 513
46 056
5.513
46. 056
5.513
46.056
5.513
46 056
5.513
46 056
5.513
46 056
5. 513
4fi 056
5.513
46 056
557
576
5. 513
46. 056
484
608
447
611
3S5
482
372
4 7^8
3,855
16,413
4 460
3 224
15, 856
3 841
3' 350
14 465
493
452
5.513
46. 05fi
6.513
46 056
5. 513
46 056
591
351
335
502
5. 513
46 056
r
c
Revised.
Not available.
• Dec. 1 estimate.
•''Aug. 1 estimate.
*The quarterly report for gelatin is complete for the industry; the monthly data are for 7 companies, for which figures for the period 1930-36 were shown in table 8, p. 20)
of the February 1937 issue. For new series on the production of manufactured tobacco products for period 1934-37 see table 33, p. 20 of the August 1937 Survey.
tllevised series. Series on stocks of tea in United Kingdom for 1913-36; see table 32, p. 20 of the August 1937 issue. Sugar meltings and stocks in the United States for
1920-37, see table 39, p. 17 of the October 1937 issue. For stocks of sugar in Cuba, revisions for period 1920-36 will appear in a subsequent issue.
the period
^Spanish ton is equivalent to 1.0141 English long tons; data shown in the 1936 Supplement and in subsequent monthly issues are on the basis of Spanish tons.
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1938 Supplement to the Survey.
SURVEY OF CURRENT BUSINESS
1938
July
45
1937
July
1938
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
128
121
107
9 199
3 138
2, 893
8 940
4 255
3 821
10.63
1). 030
' 4, 291
3, 869
May
June
FUELS AND BYPRODUCTS
Anthracite:
COAL
112
Exports- . _
thous. of long tons. _
Prices, composite, chestnut:
Retailf
dol. per short ton
9 231
'Wholp^&le
do
f 2 571
Production!
thous of short tons
2,361
Shipments
do
Stocks, end of month:
In producers' storage yards
do
In selected retail dealers' yards
58
number of days' supply. Bituminous:
956
Exports
thous of long tons
Industrial consumption, total
thous. of short tons.. 18, 895
69
Beehive coke ovens _
do
3, 085
Byproduct coko ovens
do
478
Cement mills
.
_ do _
127
Coal-gas retorts
do
3, 082
Electric power utilities
do _
5 471
Railways (class I)
do
583
Steel and rolling mills
do _
Other industrial
do _ _ .
6,000
Other consumption:
100
Vessels (bunker)
thous. of long tons..
172
Coal mine fuel
thous. of short tons..
Prices:
Retail, composite, 38 cities
dol per short ton
Wholesale:
4 297
Mine run composite
do
4.434
Prepared sizes, composite
do
Productionf- _
_ _ thous. of short tons. p 23, 460
Stocks, industrial and retail dealers, end of
33 807
month total
thous of short tons
Industrial, total
do
27, 457
5, 364
Byproduct coke ovens
do
Cement mills
do
275
277
Coal-gas retorts _..do
8 147
Electric power utilities
do
4,482
Railways (class I)-__
_.
do .
652
Steel and rolling mills
do
Other industrial __
__
do _
8,260
Reta'l dealers total
do
6 350
COKE
Exports.
thous. of long tons..
39
Price, beehive, Connellsville (furnace)
dol. per short ton_.
3.750
Production:
44
Befthivef
-- - - thous. of short tons
2,177
Byproduct f
do
Petroleum coke .
_do
Stocks, end of month:
Byproduct plants, total
_ . do
3,564
At furnace plants
do
1 460
At merchant plants
do
2,104
Petroleum coke
do
103
r
P. 199
2 748
2,422
1,895
122
r
69
118
9 233
2 903
2, 437
10 98
9 448
3, 682
3,220
2,261
T
2,391
174
r
9 472
4, 848
4, 320
2 436
r
169
222
197
165
152
9 610
4, 439
3,694
11.28
9 643
f 4 759
4,160
9 675
4,815
4,422
9 631
3 539
3, 057
11 31
9 564
4 015
3,467
2,396
2,154
1,652
1 411
1 264
1,271
1,388
1,757
36
27
26
25
44
58
57
271
279
673
929
23, 160
154
3 795
228
144
3,015
6 427
'20, 6~)3
118
3 457
327
136
5 801
049
7, 490
' 19, 574
92
3, 236
434
137
2, 803
5 009
003
r
6, 660
86
164
113
150
98
«• 165
51
65
1, 350
1,332
1 252
1, 191
360
297
28,181
409
6,492
513
120
4, 034
6 738
1, 085
8,790
28,099
401
6,284
478
136
3,872
6, 868
1 000
9,060
29. 229
359
5 723
504
143
3, 908
7 649
928
10,015
26, 8H3
269
4, 573
417
144
3, 433
7 103
839
10, 105
26, 424
217
4.014
315
156
3,577
7,352
783
10, 010
25, 363
185
3,923
214
158
3,377
7, 107
789
i). 610
22, 423
165
3,539
169
138
2.888
6, 169
725
8,630
143
283
147
325
147
339
115
302
101
302
82
257
110
225
101
993
4.318
4.445
31,960
4 306
4 479
33, 988
4. 305
4. 550
39, 177
4 305
4.577
40, 833
4 303
4 585
36, 428
4 375
4 661
37, 122
4 441
4.779
30, 880
4 440
4. 784
27, 440
4 359
4 544
26, 745
4 301
4 378
22 380
4 303
4 391
21, 286
4. 294
4.404
• 22, 470
43, 371
36. 991
7,433
387
238
8,523
7,195
1,485
11, 730
6,380
43 851
37, 051
7, 456
365
230
8,558
7,174
1,388
11,880
6 800
46, 032
38, 892
7,761
400
299
8,944
6,926
1,292
13, 270
7, 140
47 986
39 926
8,067
430
.301
9 241
6,747
1 290
13, 850
8 060
48 280
40^010
8, 115
415
358
8,956
6,820
1 256
14. 090
8 270
47 074
39 174
7,273
396
308
9 075
7, 573
1 109
13 440
7 900
41 967
35, 167
6,469
337
272
8,960
6, 519
1 050
11,560
6 800
38 484
32, 284
5,823
320
253
8 565
6,174
919
10, 230
6 200
35 359
30? 259
5, 231
347
235
8 479
5,860
837
9 270
5 100
34 102
28 952
4, 935
299
227
8 404
5 548
779
8 700
5 150
33 158
27 748
4,867
309
253
8 201
4 996
722
8 400
5 410
• 33, 452
• 27, 612
5,000
311
271
' 8, 067
r 4, 827
716
8,420
5,840
1,462
27,795
450
6,281
479
121
3, 843
6,759
1,042
8,820
166
266
71
50
8.60
r
r
8, 610
r
8.38
8 83
8 72
1, 148
18, 596
82
2,931
451
r
130
r
2, 846
»• 5, 298
' 588
r 6, 270
49
55
49
45
56
31
29
22
19
28
45
60
4.500
4.500
4.438
4.405
4.375
4.281
4.250
4.250
4.250
4.250
4. 250
3.875
285
4,422
110
259
4,571
113
254
4,426
113
227
4, 036
127
170
3,226
111
137
2 829
120
117
2,762
126
105
2, 494
122
97
2,675
114
2 436
127
58
2 283
138
52
2,067
137
2,009
817
1,192
380
2,236
859
1,377
376
2,298
889
1,409
360
2 346
'915
1 431
329
2 507
985
1 522
366
2 453
1 029
1 425
379
2 367
1 087
1 280
390
2 474
1 196
1,279
419
2 777
1 305
1 472
469
3 134
1 348
1 786
522
3 275
1 376
1 899
562
3,375
1,411
1,964
574
PETROLEUM AND PUODUCTSf
Crude petroleum:
Consumption (run to stills)
thous. of bbl
104, 783 105, 251 103, 494 105 023
88 179
99 238
99 615
97 900
95 675
93, 880
95 885
98 363
2 5H
Imports
__
do
2,771
3, 148
2,560
2 180
2 669
2 624
1 924
2 045
1 923
2 017
2,130
2 405
Price (Kansas-Okla.) at wells... dol. per bbl._
1.160
1.160
1.160
1. 160
1.160
1. 160
1.160
1. 160
1.160
1.160
1.160
l!l60
1.160
9
Production__
_ _. thous. of bbl
110,721 115,090 109, 980 110 911 104 206 106 579 106 007
94 662 106 5 4 102 702
98 674
94,176
Refinery operations
pet. of capacity
87
87
87
85
78
79
77
78
77
79
83
79
Stocks, end of month:
California:
Heavy crude and fuel
thous. of bbl_.
62, 376
62, 433
63, 197
74, 461
64. 503
65, 375
82, 833
77, 008
81, 822
71,879
79, 965
68, 649
29 341
Light crude.
do
32, 432
31, 442
30, 955
30 181
31 188
31 504
31 624
31 669
33, 151
30 248
30 452
East of California, total _
do
268,238 271, 340 270, 601 270 160 267 538 268 006 268 978 267 345 269 638 207' 942 259' 259 251, 213
Refineries
do
48, 049
47, 778
45,607
45, 150
45 228
45 104
42 786
45 822
45 975
45' 101 44, 314
43 267
Tank farms and pipe lines _
do
220,189 223, 562 224, 994 225 010 224 971 225 220 223 874 222 117 223 816 221 967 214? 158 206, 899
Wells completed
number
2,131
2,203
2 HO
2,446
I 606
1 574
1 441
l' 656
1 782
1 707
1, 776
1 907
Refined petroleum products:
Gas and fuel oils:
Consumption:
Electric power plantsf
thous. of bbl_1,154
1, 321
1,297
934
1,200
1,318
928
935
3,018
879
'1,182
1,068
1,068
Railways (Class 1)
_ .do
4,403
4,261
4,256
3 675
4 675
4 092
4 191
3 964
3 708
4 306
3 078
2 991
Vessels (bunker)
do
2 969
3,494
3,281
3 283
3,357
2 813
2 923
3 249
3,219
3 169
3 393
2 935
Price, fuel oil (Oklahoma)
dol. per bbL.
.900
.888
.925
.925
.888
.925
.875
.875
.925
.925
.905
.875
.925
Production:
Residual fuel oil
thous. of bbL26, 893
25, 936
27,173
28, 199
26, 204
23, 866
25, 328
24, 833
24, 392
22, 761
26, 564
26,808
Gas oil and distillate fuels, total do
12, 558
12, 681
12, 654
12 294
13 585
12 144
13 215
11 577
12 100
10, 784
13 563
13 876
Stocks, end of month:
Residual fuel oil, east of California
thous. of bbl
21, 778
23, 987
25,810
27 679
27 049
26 855
27 363
25 981
27 815
29 284
27 850
30,282
Gas oil and distillate fuels, total do
25,952
23, 637
26,210
26, 101
21 543
19 885
18 882
19 972
24, 699
26, 852
22 385
22 566
Gasoline:
Consumption, domestic
thous. of bbl_.
60, 704
49, 597
47, 245
45, 361
41,
259
43,
254
42, 666
35,
176
31,
861
44,911
44, 293
39, 457
Exports
__
do
2,542
3,077
3,668
~~~3~597~
2 969
3 029
3 742
2 702
3 100
2 958
1 8°7
3 603
3,517
Price, wholesale:
Tank wagons, delivered (New York)
dol. per gal_.
. 135
.135
.135
.135
.127
.130
.130
.130
.130
.130
.130
.130
.130
049
049
Reflnery (Oklahoma)
._
do
.060
.060
.060
050
059
055
053
053
051
051
.053
Price, retail, service station, 50 cities do
'
.145
.145 1
.145 '
.145
!l41
.141
.
141
.140
.141
'
.141
.141
!l41
' Revised.
P Preliminary.
tRevised series. Data on retail price of anthracite for period 1929-36 are shown in table 10, p. 20, of the February 1937 issue, Anthracite and bituminous coal production
revised for years 1935, 1936, and 1937; revisions not shown here will appear in the 1938 Supplement. Series on petroleum and products revised for 1935 and 1930; for 1935 revisions, see table 14, p. 19, of the April 1937 issue. Revisions for 1936 not shown on p. 45 of the February 1938 issue will appear in a subsequent Survey. Production of beehive
and byproduct coke revised for 1936; revisions not shown in the September 1937 issue, p. 45, will appear in a subsequent Survey. Revised data on consumption of gas and
fuel oils by electric power plants for the period 1920-37 are shown in table 75, p. 20, of this issue.
.........
46
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
SURVEY OF CURRENT BUSINESS
September 1938
1937
1938
July
July
1938
DecemOctober NovemAugust September
ber
ber
January
February
March
3,889
4,326
April
May
June
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS— Con.
Refined petroleum products— Continued.
Gasoline— Continued.
Production:
At natural gas plants
thous. of bbl._
At refineries:
Total
do
Straight run*
do.C racked*
do
Natural gasoline blended*
do .
Retail distribution t
thous. of gal__
Stocks, end of month:
Finished gasoline, total
thous. of bbl
At refineries
do
Natural gasoline
do
Kerosene:
Consumption, domestic
thous. of bbl. .
Exports
- _
do Price, wholesale, water white 47, refinery
(Pennsylvania)-. _
dol. per gal
Production
thous of bbl
Stocks, refinery, end of month
do
Lubricants:
Consumption, domestic
do
Price, wholesale, cylinder, refinery (Pennsylvania)
dol. per gaL_
Production _
thous. of bbl
Stocks, refinery, end of month
do
Asphalt:
Imports
thous. of short tons
Production
..
_ do...
Stocks, refinery, end of month
do
Wax:
Production
thous. of lb_..
Stocks, refinery, end of month
do
4,128
4,237
4,272
4,418
4,217
4,305
4,336
4, 171
4,196
4,001
44, 582
40, 469
47 873
46. 645
44, 247
44, 116
48, 271
49 002
49 523
51 191
47, 064
46 755
18, 267
21,483
22, 673
20, 040
19, 769
20, 956
20, 804
19, 735
20, 388
20, 751
22,205
21, 898
24, 141
23, 042
19, 474
21,114
23, 085
22, 829
21, 686
21, 877
22 447
22, 785
23 547
23 550
2,728
2,856
2,081
4,377
4,088
2, 635
3.557
3, 557
2,799
3,891
3,233
4,490
2,080,015 2,049,002 1,962,058 1,852,107 1,756,567 1,615,167 1,464,932 1,366,101 1,688,030 1,732,120 1,849,725 1,926.011
210
.053
62 956
39, 441
6,918
59 413
35 807
7,041
58 037
34, 884
6,278
61 141
37. 837
5,444
63 728
40 203
5, 147
69 892
46, 234
4,758
79 114
53 219
4.951
85,018
58, 945
5,017
85 035
60, 043
5,531
82, 684
57, 660
6,179
80, 987
54, 010
6,548
73, 725
47, 159
6,951
3,594
1,084
3,667
956
4,397
759
4,985
681
5,705
679
6,420
656
5.360
810
5,017
654
5,150
535
4,333
788
3,637
745
3, 257
381
.050
5 482
7, 553
051
5 726
8, 637
.054
5 371
8,839
056
5 731
8.877
.056
5 876
8,357
056
5 809
7,083
056
5 638
6,523
.056
5 167
5,986
.054
5 798
6,093
.053
5 445
6,394
. 052
5,649
7,627
.053
5 235
9,202
1,606
1,984
1 924
1 968
1,972
2 037
1 489
1 471
1 311
2, 195
1,591
.106
.180
2,980
6,566
,175
2,900
6 426
.175
2.920
6 542
.153
3, 215
6,789
.126
2 953
6 907
.113
2,936
7 512
.110
2 785
8 006
.110
2,468
8 363
.110
2,697
8 210
.110
2,530
8 290
1,730
'
.110
2, 595
8, 255
.110
2,378
8,114
1
2
484
501
1
524
529
485
465
o
3
407
458
3
327
510
o
207
566
2
216
594
1
192
620
2
279
633
2
334
664
2
450
711
446
669
43, 680
107.903
42, 000
115, 266
42, 000
123.098
44, 240
1 28. P95
49, 000
139. 867
43,120
144. 992
41, 720
145.629
34, 720
148,823
39, 760
150, 465
31, 640
144, 626
35, 560
140, 826
37, 800
138, 260
L E A T H E R AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
thous. of lb__
Calf and kip skins .
do
Cattle hides
__
do
Goatskins
do
Sheep and lamb skins
do
Livestock (inspected slaughter) :
Calves .
thous. of animals
Cattle
do
Hogs
do
Sheep_~ ___ _ _ _
_
do
Prices, wholesale (Chicago):
Packers, heavy steers
,
dol. per lb__
Calfskins, packers', 8 to 15 Ib „
do
LEATHER
Exports:
Sole leather
thous. of lb__
Upper leatherf
thous. of sq. ft__
Production:
Calf and kip
thous. of skins
Cattle hides
thous of hides
Goat and kid
thous. of skins
Sheep and lamb
do
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dol. per lb__
Upper, chrome, calf B grade, composite
dol. per sq. ft__
Stocks of cattle hides and leather, end of month:
Total...
thous. of equiv. hides..
In process and
finished
„
do
Raw
_
do
LEATHER MANUFACTURES
Glove* and mittens:
Production (cut), totalf
dozen pairs
Dress and semidress
do
Workf
__.
do
Shoes:
Exports!
thous of pairs
Prices, wholesale, factory:
Men's black calf blucher
dol. per pair__
Man's black calf oxford
do
Women's colored calf
do
Production:
Total boots, shoes, and slippers
thous. of pairs__
Athletic
do
All fabric (satin, canvas, etc.)
do
Part fabric and part leather
doHigh and low cut, total
_do
Boys' and youths'
do
Infants'
.
do
Misses' and children's
do
Men's,...
do
Women's
.
do
Slippers and moccasins for house wear
thous. of pairs__
All other footwear ._
do
14, 903
2 144
5 393
4,795
1 941
27, 895
1 540
9,810
8,389
6 443
21,513
1 232
9 038
5,502
4 148
22,647
1 363
9 898
5 026
4 159
21,311
1 489
8 662
6,923
3 171
18, 857
1 077
8 173
5 452
2 430
16, 138
1 015
6 206
5 071
2 343
13, 597
1 514
5 952
3 009
1 887
9,567
981
3 071
3 404
1 508
9,251
916
3 158
2,634
1 995
7,759
1 289
1, 046
2,570
2 056
11,561
1,337
2,737
4,733
1,902
12, 242
1 429
2 058
4, 176
3 942
436
820
2 254
1, 461
520
790
1 643
1,390
538
880
1 590
1,498
537
939
2 033
1,671
525
958
2 711
1.530
468
856
3 295
1 321
452
859
3 958
1 403
420
830
4 201
l' 552
398
716
2 833
1 424
506
809
2 610
1 428
502
749
2,462
1,425
500
772
2,585
1,550
475
816
2 533
1,485
.111
.139
.180
.208
.196
.210
.195
.193
.195
.172
.156
.130
.146
.132
.141
136
124
118
.099
.113
. 095
.123
.093
.114
137
3,669
211
5.343
176
4,103
193
4,532
212
5,176
128
3,508
235
4,083
165
4,328
300
4,780
368
4,567
279
4,563
295
4,169
255
3,623
1,081
1 728
4,160
3,012
1,062
1 819
4,386
3, 066
935
1 743
3,913
2,610
837
1 680
3,295
2, 425
801
1 531
2,904
1,968
891
1 505
2 Q49
1,699
890
1 398
2*972
1 757
1,000
1.471
2,638
2.195
1,127
1 617
2,831
2,125
870
1,381
2,506
1,827
865
1,409
2,371
2. 010
997
1,448
2,675
2,149
.315
410
.430
.423
.420
.380
.360
.349
.314
.305
.305
.305
.305
.377
.429
.429
.426
.408
.395
.381
.381
.378
.365
.366
.366
15,030
10, S32
4,198
14. 680
10, 633
4,047
14, 663
10, 587
4,076
14, 831
10,711
4. 120
15, 194
10, 950
4,244
15, 373
11,068
4,305
15, 407
11, 103
4,304
15,118
10, 968
4,150
14, 576
10, 589
3,987
14, 052
10, 308
3,744
13, 874
10. 193
3^681
13,967
10, 215
3,752
210.049
130, 603
79, 446
225, 928
133, 215
92, 713
205, 161
117 362
87, 799
196, 674
] 17, 479
79, 195
135, 483
79, 651
55, 832
91, 295
45 401
45, 894
75, 666
39 226
36, 440
104, 068
61, 742
42, 926
122, 385
69, 028
53, 357
109, 081
55, 084
53, 997
1 16, 492
63, 953
52, 539
145, 710
85, 185
60, 525
.387
.109
. 123
136
118
142
126
127
119
132
89
182
203
171
127
116
5. 75
4.75
3.00
6.00
5.00
3.35
6.00
5.00
3.35
6.00
5.00
3.35
6.00
5. OU
3.35
6.00
5.00
3.35
6.00
5.00
3.35
6.00
5. 00
3.35
6.00
5.00
3.35
6.00
5.00
3.35
6.00
5.00
3.35
5.75
4.75
3. 23
5.75
4.75
3.00
30, 416
187
279
263
26, 168
1, 405
1 539
3, 255
6, 905
13 062
34, 842
172
274
575
29, 071
1,437
1 848
3,058
8 105
14 622
38, 661
209
271
684
32, 215
1,583
1 903
3, 202
8, 728
16 800
34, 032
213
357
647
27, 498
1,416
1 710
2, 815
8, 118
13 439
29, 092
210
351
779
22, 340
1,092
1 656
2, 199
7 27*
9 815
21, 290
179
282
560
15, 694
956
1 206
1,986
6. 199
5 346
21,047
221
494
978
17,061
1,045
1 209
2,111
6. 005
6 692
25, 523
124
1, 031
1, 467
21,362
1, 064
1 310
2, 453
6,627
9 907
30,015
131
1, 207
2,023
24, 668
1,123
1.615
2,898
7, 048
11, 985
37, 060
204
1,113
1,446
31,313
1,335
2,033
3,675
8,429
15, 841
33, 378
180
1,007
919
27, 953
1,235
2,084
3,406
7, 337
13, 891
3,102
417
4,429
322
5,115
168
5,160
157
5,202
210
4,405
171
2,014
279
1,162
377
1,527
458
2,303
680
2,389
929
30, 314 ' 26, 744
169
225
850
391
854
'245
24, 825 r 22, 329
1,201
1,340
r
1,819
1, 676
3, 421
r 3, 047
6, 815
7,217
r 9, 049
11, 569
2,716
901
' 2, 881
672
r
*New series. For data on refinery production of gasoline for the period 1923-37, by types, see table 41, p. 19 of the October 1937 Survey.
Revised.
fRevised series. Retail distribution of gasoline for 1935-37; revisions not shown on p. 46 of the June 1938 issue will appear in the 1938 Supplement. Series on exports of
upper leather revised beginning 1922; see table 54, p. 20 of the January 1938 issue. Exports of boots and shoes for pemd 1913-37; see table 50, p. 18 of the January 1938 issue.
Total glove production and production of work gloves and mittens revised beginning July 1934 to exclude combination leather and wool fabric gloves and mittens; revisions not shown on p. 46 of the July 1938 issue will appear in the 1938 Supplement.
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data, may be found in the
1938 Supplement to the Survey.
47
SURVEY OF CURRENT BUSINESS
September 1938
1938
1937
1938
July
July
August
Septem- October Novem- Decem- January
ber
ber
ber
February
March
April
May
61, 572
69, 945
June
LUMBER AND MANUFACTURES
LUMBER-ALL TYPES
Exports (boards, planks, etc.)
M ft. b. m_.
National Lumber Mfrs. Assn.
Production, total f
mill ft. b. m
Hardwoods
do
Softwoods
. _.do
Shipments, total t
do
Hardwoods
do. _
Softwoods .
do
Stocks, gross, end of month, total
do
Hardwoods
__
_ _
_.do
Softwoods
do
Retail movement (yard):
Ninth Federal Reserve district:
Sales
M ft. b. m
Stocks, end of month
_ __do
Tenth Federal Reserve district.
Sales
_ _
_
do __
Stocks, end of month _do
FLOORING
Maple, beech, and birch:
Orders:
New
M ft b m
Unfilled, end of month--.
do_ _
Production
do
Shipments
do
Stocks, end of month
. ..do.
Oak:
Orders:
New
do
Unfilled, end of month
_ do _
Production
do
Shipments
_.
_ do
Stocks, end of month
do
SOFTWOODS
Fir, Douglas:
Exports:
Lumber
_
_M ft. b. m._
Tiniber
do
Prices, wholesale:*
No. 1, common boards..dol. per M ft. b. m
Flooring, 1 x 4 , "B" and better, V. Q.
dol. per M ft. b. m__
Southern pine:
Exports:
Lumber
M ft. b. m._
Timber
_ ._ .
_ do
Orders:f
New
__ _ _ mill ft. b. m
Unfilled, end of month
do, __
Price, wholesale, flooring
dol. per M ft. b. m_Production
_mill. ft. b. m_.
Shipmentsf
do
Stocks, end of monthf.
do
Western pine.
Orders :f
New_ _
_ do
Unfilled, end of month
do
Price, wholesale, Ponderosa pine, 1 x 8 no. 2,
common (f. o. b. mills) _dol. per M ft. b. m _ _
Production
.
mill. ft. b. m
Shipments!
do
Stocks, end of monthf
do
West Coast woods: ^
Orders:
New
mill. ft. b. m
Unfilled, end of month
do
Production
. do
Shipments _
.
do
Stocks, end of month
... do
Redwood, California:!
Orders:
New
_.M ft. b. m _ _
Unfilled, end of month
do
Production _
do
Shipments
_. do
FURNITURE
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
_
do
Outstanding accounts, end of month
no. of days' sales. _
Plant operations
percent of normal
Shipments
no. of days' production
Prices, wholesale:
Beds, wooden
...1926=100.Dining-room chairs, set of 6
do
Kitchen cabinets
do
Living-room davenports
do
Steel furniture (See Iron and Steel Section).
64, 857
93, 751
102, 527
77,042
73, 523
79, 183
73, 131
68, 805
52, 902
62, 400
1,606
204
1,402
1,775
267
1,508
8,511
2,259
6,252
2,352
376
1,976
2,114
311
1,802
7,900
1,949
5,951
2,342
395
1,947
2,076
323
1,753
8,171
2,028
6,143
2,297
378
1,919
2,061
330
1,731
8,394
2,062
6 332
1 969
359
1,610
1 818
310
1, 508
8 562
2,117
6 444
1.671
1,452
1,249
1,275
r
249
1, 473
1,550
' 1, 696
245
1,698
1,342
1,443
1,168
1,301
1,004
1,387
1,026
1,389
r 1, 254
r 1, 489
217
1,084
8,920
2,242
6,678
1,168
8,710
2,313
6,397
238
1,511
8,647
2,354
6,293
222
1,308
8,648
2,332
6,316
' 1, 485
' 1, 684
265
1,178
8,804
2,182
6,622
225
1,264
8,625
2,348
6,278
1,342
1,531
202
1,186
8,826
2,287
6,539
1,402
1,748
11, 568 r 12, 767
80, 797 r 85, 423
12, 524
82, 018
12, 482
80, 020
13 614
73, 762
11,125
67, 605
5,011
69, 650
4,237
77, 442
3,189
84, 258
4,695
83, 286
8,058
86, 244
9,553
83, 915
11, 747
81,515
2,945 ' 3, 360
29, 819 '32,590
2,963
32, 137
2.834
32, 186
2 871
31, 449
2,465
30, 665
1,778
30, 126
1,996
30, 350
1,686
31, 206
2,445
31,114
2,580
31, 266
2,889
30, 705
3,049
30, 193
7 900
9,600
5,400
6,400
20, 000
6,200
12,300
7,800
7,850
19,900
7 500
11, 450
8,200
8,600
19, 750
7,600
11, 400
7,400
7,600
20, 200
4 800
9 800
7 700
5 800
22 000
3 700
8,100
5,950
4,900
23, 000
4,100
7,900
7,600
4,300
24,400
5,000
8,900
4.700
4,400
25, 000
5,900
9,900
4,400
4,900
24, 250
7,050
9,650
6,250
6,900
23, 600
6,350
9,800
5,400
6,100
23, 350
5,050
8,700
5,450
5,850
23, 100
7,000
8,000
5,600
7,000
21,000
58,516
59, 906
30, 762
35, 989
78, 663
25, 633
31, 107
28, 244
28,208
71,930
31, 150
29,091
32, 820
33, 166
71, 584
32, 302
31, 292
33, 359
30, 101
74, 842
20 824
27 508
30 888
24* 608
81, 122
18 200
26, 398
23 391
19, 310
85, 203
19, 835
21, 239
21, 938
19, 442
86, 425
24, 114
23, 194
21, 065
22, 159
85, 331
33, 651
32, 355
24, 399
24, 490
85, 240
38, 105
34, 805
32, 272
35, 655
81, 857
24, 643
32, 464
29, 694
26, 984
84, 567
29, 186
33, 364
29, 059
28, 286
85, 340
34, 248
37, 379
28, 783
30, 233
83, 890
18,211
8.636
33, 761
42, 146
42, 354
35, 773
21, 636
9,925
21, 371
12, 721
19, 605
8,897
20,257
7,564
18, 603
5,903
19, 776
8,480
18, 775
6,235
17, 820
3,382
21, 860
20, 149
15, 497
13, 368
17. 640
21. 805
21. 364
20. 680
19. 110
18. 620
18. 498
17. 763
17. 640
17. 640
17. 640
17. 640
17. 640
35. 770
43. 200
42.140
42. 140
40.180
38. 416
38. 220
37. 975
36. 995
36. 260
36. 260
36. 260
35. 893
19, 087
4,245
22, 603
3,967
21, 105
7,738
21, 264
3,043
17, 095
5,747
21, 330
2,808
17, 521
6,026
20, 469
5,261
17, 170
4, 924
20, 156
5, 570
20, 120
4,228
21, 777
7,215
20, 513
5,083
686
343
624
359
630
351
655
325
510
271
455
251
440
291
575
334
460
309
515
264
461
264
460
239
549
286
40.78
532
629
2,201
44.59
625
599
2,052
45.45
625
638
2,039
45.37
601
581
2,059
45.84
556
564
2,051
43.51
550
475
2,126
43.64
540
400
2,266
43.74
500
532
2,234
41.97
492
485
2, 241
41. 19
575
560
2,256
41.05
489
461
2,284
39.67
516
485
2,315
40.63
485
502
2,298
442
276
401
287
386
272
285
215
306
178
248
155
266
169
272
187
266
215
311
191
284
184
324
189
336
187
21.32
397
356
1,969
28.68
570
425
1,796
28.65
585
407
1,969
27.78
536
395
2,110
26.90
441
334
2,217
26.93
305
252
2,270
25.60
156
207
2,181
24.69
87
238
2,017
24.65
104
230
1,891
24.77
218
312
1,797
24.15
268
23.31
352
1,792
1,832
22.50
433
337
1,928
524
381
354
413
895
471
474
578
588
1,088
484
437
538
521
1,105
525
346
619
615
1,109
353
302
418
347
411
524
350
388
516
354
333
372
342
510
536
1,102
1,128
1,103
1,098
1,059
1,033
1,019
265
371
403
988
270
440
512
935
26, 705
24, 862
26, 665
23, 097
27, 005
49, 946
43 337
36, 916
25, 611
42, 552
45 041
33, 275
26, 016
36, 253
40, 039
29, 550
23, 015
29 535
39 703
30 098
18, 207
25 133
31 734
21, 642
17, 431
22, 351
26, 148
19, 354
23, 526
26, 865
18, 487
18, 857
22, 992
37, 991
23, 734
13, 949
24, 483
43, 765
20, 574
17, 825
24, 926
33, 302
23, 944
37, 091
23, 887
24, 770
24, 518
31, 255
22, 874
22, 120
30, 336
28, 145
47.0
74.0
85.0
81.0
79.0
63.0
66.0
45.0
42.0
42,0
43.0
41.0
42.0
50
?1
26
4 0
23
41
50
19
40
7.0
22
44
14 0
11 0
18
43.0
9
6.0
15
6.0
14
8.0
13
8.0
10
12.0
13
5.0
11
36
?3
21
25
23
17
15
16
16
21
46 0
12
29
68 0
15
31
76 0
17
31
72.0
16
31
72 0
32
68 0
28
61.0
24
49.0
27
46.0
28
49.0
23
43.0
20
41.0
20
43.0
14
11
10
10
80.3
102.3
87 6
87.2
83.1
99.4
87 6
95.4
83.1
101.5
87 6
95.4
83.1
101.5
87.6
95.4
83.1
101.5
87.6
95.4
83.1
101.5
87 6
95.4
83.1
101.5
87.6
96.4
82.1
102.3
87.6
87.2
82.1
102.3
87.6
87.2
82.1
102.3
87.6
87.2
82.1
102.3
87.6
87.2
82.1
102.3
87.6
87.2
82.1
102.3
87.6
87.2
271
447
453
16
329
258
346
320
18
285
302
349
374
14
314
330
334
11
221
12
296
220
273
280
398
412
208
312
12
63, 735
211
230
' 1, 454
8,672
2,318
6,354
' Revised.
*New series. For data on prices of Douglas fir lumber, see table 7, p. 19 of the February 1937 issue.
tRevised series. Data on total lumber production and shipments revised beginning January 1936; data not shown on p. 87 of the March 1938 Survey will be given m a
subsequent issue. For 1935 revisions in total lumber, and 1935-36 revisions in Southern pine and Western pine lumber see tables 16 and 17, p. 20 of the April 1987 issue.
Later revisions in Southern pine lumber for period 1934-36 not shown on p. 47 of the October 1937 Survey will be published in a subsequent issue. For California redwood,
revisions not shown on p. 47 of the May 1938 Survey together with a new series on redwood stocks will appear in a subsequent issue. Revisions in Southern pine timber exports
beginning
January 1928 will be shown in a subsequent issue.
^Data
for September, December 1937, and March and June 1938, are for 5 weeks; other months, 4 weeks.
48
SURVEY OF CURRENT BUSINESS
Montnly statistic* through December 1985, together with explanatory note* and reference*
to she sources of the data may be found in the
1938 Supplement to the Survey.
1938
1937
19:**
July
September 1938
July
August
Septem- October November
ber
Decem-
ber
Janu-
Febru-
ary
March
April
May
ary
June
METALS AND MANUFACTURES
IRON AIN'D STEEL
Foreign trade, iron and steel:
r
Exports (domestic)
long tons.. 2 i3, 099
14 728
Imports
do
Price, iron and steel, composite
36. 33
dol. per long ton...
Ore
Iron ore:
Lake Superior district:
Consumption by furnaces
1,675
thous. oflong tons,.
Shipments from upper laka ports
do
(l)
Receipts:
Lake Erie ports and furnaces
do. _
0)
(i)
Other lower lake ports
do
Stocks, end sf month, total ...
do
At furnace
do
Lake Erie docks
do
206
Imports, total
_
do...
Manganese ore, imports (manganese content)
21
toons, df long tons.-
889.451
47, 012
&86. 353
61, 489
542, 765
37, 071
522,617
37, ISO
556, 608
26. 996
626, 427
25, 792
586, 294
29, 631
460, 640
19, 589
526, 883
11,827
489, 202
21.237
540, 639
20 814
312, f
15 i
40 03
40. 34
40. 16
39.59
38.96
38.89
38. 95
38.90
33.80
38.61
38. 5(
38.
6, 236
10, 704
5,373
10,811
6,157
9, 174
4, 204
6, 562
2. 735
1.425
1,917
0
1,923
0
1,727
0
1,980
0
1, 854
261
],711
1, 181
1,~
(')
7, 555
3,117
29, 151
25.300
3. *51
231
7,196
3 139
35. 343
30 861
4,482
4.888
2 130
43, 266
37, 210
6, 057
256
1, 140
0
0
0
24
(i)
(!)
(n
(i)
42 626
3fi 553
6, 073
40, 775
34,816
5,959
169
152
0
0
35, 223
29, 736
5, 487
101
106
207
6.749
2,83*
39, 954
34. 827
5.127
188
58
50
25
47
19
33
17
13
41, 353
45, 479
54.7
44,716
49 376
49, 022
60 1
43 801
41 652
52, 728
62 9
47 738
34 810
42, 953
52 7
43 750
28, 170
32, 457
40 0
37,028
19 753
27, 784
33 4
27 675
17, 076
18, 894
23 1
20 910
US, 445
192
115 420
1 10, 260
181
83, 850
58, 965
44, 470
46, 035
191
23.50
24.06
23.50
24.06
25. 89
3,499
851
159
0
381
0
38. 882
33, 007
5,875
0
33. 676
28 281
5,396
168
33 01^
27 768
5' 244
186
16
12
19
19 557
19, 252
23 5
20 596
20 556
21, 902
26 0
22, 962
19 724
18, 680
22 7
23 045
17 561
li 0-*7
37, 167
31 392
5, 775
34'
29
o
Pig Iron and Iron Manufactures
Castings, malleable:
16, 905
Orders, new
short tons
16. 630
Production
_
do
20.2
Percent of capacity
Shipments
_- short tons
17, 500
Pig iron:
Furnaces in blast, end of month:
41.400
Capacity.
, _ long tons per day
77
Number
Prices, wholesale:
19.50
Basic (valley furnace) __.dol. per long ton__
20.15
Composite
do
Foundry, DO. 2, northern (Pitts.)
21.89
dol. per long ton_
Production
thous. oflong tons..
1, 202
Cast-iron boilers and radiators:
Boilers, round:
2, 135
Production
-_
thous. of lb_
2,015
Shipments
„
do
20, 677
Stocks, and of month
do
Boilers, square:
14, 681
Production
do
17, 841
Shipments
_ _.
do
Stocks, end of month
do „ 122, 860
Radiators:
Convection type:
Sales, lael. heating elements, cabinets,
and grilles
656
thous, sq. ft. heating surface..
Ordinary typ«:
4,958
Production
.
do
5,219
Shipments
do
26, 216
Stocks, «nd of month. ._
do
Boilers, range, galvanized:
Orders:
New
number of boilers.. 50, 377
14, 279
Unfilled, end of month, total
do
51, 900
Production
do
52 251
Shipments
do
30, 903
Stocks, end of month
_ do__
Boiler and pipe fittings:
Cast iron:
3, 596
Production .
short tons
4,525
Shipments
do
Malleable:
2 991
Production
do _
3,039
Shipments
do
9{) g
18
is'9
9Q 5(3()
91
42, 310
79
37 22.5
7°
34
47, 045
46, 480
95
91
91
90
23 50
24 08
23. 50
24 11
23.50
24 11
23. 50
24. 11
23.50
24. 11
23. 50
24. 13
23. 50
°4 15
23
25.89
2,893
25. 89
2, 007
25.89
1.490
25.89
1, 429
25.89
1,298
25. 89
1,452
25.89
1,376
25. 89
1, 255
24.
M
1 272
5, 807
27 127
2 143
5 898
23 334
961
2,916
21 504
1 390
2, 158
20 970
378
1 422
20 493
502
1 215
19 994
1 063
1. 131
19 929
931
1, 181
19 709
1 °°4
1 0()7
19 707
1 4
20 "
21 088
40.915
156, 563
19 487
39* 539
136, 844
13 769
20 459
130 652
7 843
16 036
121 275
7 879
10 852
118 054
10 380
8 417
119 846
12 931
9 209
123,711
10 219
10? 557
123, 440
13 560
19 793
124 291
16 "
14 ]
1^5 £
619
151
113
23 50
24 06
23.50
24 06
25.89
3,606
25.89
3,410
1, 858
2,325
33,777
1 259
3 386
31 663
16, 198
17, 471
185,090
16 362
25 149
176, 399
855
1,082
982
649
541
478
439
285
326
409
4,369
5,543
47, 433
4,442
7 178
44,607
4,972
9 122
40,507
4 191
9 550
35,205
2,779
6 671
31, 434
1,943
5 119
28, 364
1 918
3 320
26 896
2,753
2 571
27 576
3,071
2,715
27, 850
2,794
3 692
26, 999
5 008
25 63 ~
4 t?6 '•
30,809
19,707
35.208
35. 555
39, 377
31, 767
17 020
37 886
34 454
42,809
39. 370
14 233
45 069
42 157
45, 721
49 501
11 834
51*370
51 900
45 191
37, 568
9 253
38 336
40 149
43 378
31,314
10 608
26 824
29 959
40,243
48, 035
16 485
35 358
42 158
33, 443
49,318
17 724
47 640
48 079
33 004
71,414
17.191
72, 378
71,947
33, 435
68, 013
19 101
63, 040
66 103
30, 372
56 976
15 205
60 497
60 872
29' 997
65 f
5,978
5,899
6,346
6 922
5,990
6,939
5 979
6 540
4 665
4 560
4,249
3 663
3, 519
4 573
2 963
3 858
3. 738
4,478
2,968
4,008
3 194
5 069
4 '
6 (
4,601
3,716
4 602
4 043
4,381
3 616
3 484
3 716
3 253
3 433
2,225
1 989
1 998
2 778
2 157
2 692
2,636
2,977
2,229
2 994
9 759
3 310
3%
Plumbing and heating equipment, wholesale
229.00
236.12
price (8 pieces)
_
_
dollars.. 235. 42
229. 33
236. 22
230. 72
Porcelain enameled products: A
Shipments, total
. _
do . 626, 293 {,196,9% 1,178,304 1,039,844 1 102 867 759 382
184, 501 283,917 289, 751 251, 121 221 319 189 881
Signs
do
(i)
277 413 309 801 238 394 312 977 214 890
Table tops
do
230. 72
229. 33
229. 31
226. 71
227. 12
227. 10
226
790 480
211,803
140 034
5Q2 251
135 474
605 904
145 704
313 315
212, 456
703, 395
192. 600
647 704
170 634
708 (
229 *•
(
5 >
16
04
62 c
31 '<
Sanitary Ware
(i)
(i)
(i)
(i)
0)
m
Steel, Crude and Semimanufactured
Castings, steel:
91 (
Orders, new, total
short tons
57, 799
9Q 636
57 414
28 096
21 869
54 753
27 024
31 442
30 863
36 837
29 187
1<,
Percent of capacity
48.5
25. 1
18 4
45.9
48 1
26 4
19.5
22 7
26 1
27.6
30 9
4
2 n97
Railway specialties
short tons
18,928
16 704
21 958
6 888
8 2W
8 125
11 107
2 498
7 354
6 117
88, 978
29 127
Production, total
.
do . .
92 089
30 793
83 047
65 957
5l' 294
41 537
27 436
25 150
30 967
23
9
27. 5
22 5
Percent of capacity
77.2
24 5
72,9
34 8
27 6
69 6
55 3
43 0
19 8
4
21 309
Railway specialties
short tons
39, 186
26 480
7 312
43,313
36 812
16 601
7 498
4 290
9 505
3 892
Ingots, steel:
1
1,982
4,556
Production
thous. of long tons
2 012
1 925
1 473
1 704
4 878
4 290
3 393
2 154
1 733
1 807
5Q
35
Percent of capacity ^
75
80
85
33
26
32
38
30
33
31
Bars, steel, cold finished, shipments
short tons..
52.614
52.000
43. 365
32. 568
19.411
19. ftU
17. 590
21.185
19 889,
18 9P.9.
18
51. 493
1
Discontinued.
IBeginning January 1937, the American Iron and Steel Institute computes the percent of capacity on a weekly average basis, with no allowance for Sundays or holidays;
the figures shown here have been carried forward on the old basis (which relates daily average output to daily average capacity with allowance for Sundays, July 4, and
Christmas) in order to keep the series comparable.
A As reported by 21 manufacturers; beginning Jan. 1937 data are available from the reports of the Bureau of the Census for 34 additional establishments.
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
July
49
193?
July
1938
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
METALS AND MANUFACTURES— Continued
IRON AND STEEL- Continued
St^el, Crude and SemimanufacturedContinued
Prices, wholesale:
Composite, finished steel
dol. per lb._ 0. 0265
0.0290
0.0290
0.0290
Steel billets, rerolling (Pittsburgh)
37.00
dol. per long ton..
34.00
37.00
37.00
.0225
.0225
Structural steel (Pittsburgh)
dol. per lb_.
.0210
. 0225
19.70
17. 56
Steel scrap (Chicago)
dol. per gross ton..
12.00
17.63
U. S. Steel Corporation:
46, 890
Earnings, net
thous. of dol.
441, 570 1,186,752 1,107,858 1,047,962
Shipments finished products
long tons
Steel, Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
_number_.
Production
do
Percent of capacity
Shipments. _ __ _
number..
Stocks, end of month
__ do
Boilers, steel, new orders:
691
Area
_
thous. of sq. ft_.
894
Quantity . _.
number. .
Furniture, steel:
Office furniture:
Orders:
1,495
New
thous. of dol._
1,197
Unfilled, end of month
do
1,419
Shipments
do
8helving:t
Orders:
320
New
do _-302
Unfilled, end of month
.
do __
245
Shipments
do
Plate, fabricated steel, new orders:^
Total
.
short tons.. 27, 773
15, 382
Oil storage tanks
do _
84
Spring washers, shipments
thou§. of dol__
2, 242
Track work, shipments
...short tons__
0. 0290
0.0290
0.0290
0.0290
0. 0290
0. 0290
0. 0290
0. 0290
0. 0286
37.00
.0225
14.69
37.00
.0225
12.50
37.00
.0225
12.38
37.00
.0225
13.00
37.00
.0225
12.69
37.00
.0225
12.15
37.00
.0225
11.38
37.00
. 0225
10. 95
36. 25
.0221
10.38
792, 310
587, 241
17, 494
489, 070
518, 322
474, 723
10 104
572, 199
501,972
465, 081
9,692
478, 057
767, 021
636, 890
47.0
637, 810
18,099
674, 921
596, 980
43.9
594, 858
20,221
640. 154
599, 157
43.9
600, 550
18,828
545, 957
766, 768
57.0
753,681
21,915
416, 198
606, 697
46.0
605, 949
22,663
385, 734
538, 487
40.9
545, 367
15, 074
452, 175
422, 688
34.5
414,832
21, 549
424, 182
412, 818
34.1
412, 035
21, 650
424, 995
587, 552
44.6
587, 400
21, 844
405, 955
513, 953
39.0
518, 020
16, 434
331, 361
526, 254
40.3
526, 504
14, 302
404, 251
511,076
39.1
504, 948
20. 326
996
1,223
937
1,410
679
1,033
636
895
610
641
547
574
502
552
435
489
739
663
475
585
734
700
547
888
2,008
1,871
2,071
1,714
1,562
2,023
1,970
1, 447
2,084
1,793
1,322
1,918
1,856
1,244
1,933
1,990
1,237
2,031
1,887
1, 239
1,885
1,582
1,090
1,732
1,721
954
1,857
1,366
972
1,348
1,224
970
1,225
1, 627
1, 122
1, 532
592
538
591
541
566
513
582
654
594
493
448
698
511
469
490
400
335
471
382
304
413
411
298
416
440
276
462
392
346
322
303
321
328
291
227
352
27, 480
7,726
249
8,252
31, 763
4, 750
229
7, 530
31, 484
4,476
234
8,101
31,942
13, 002
220
6,137
27, 507
9,417
191
4,289
27, 463
11,918
135
3,804
23, 422
9,558
136
3,135
17, 827
1,673
114
3,014
38, 052
14, 635
138
4,461
21,958
4,797
119
3,793
25, 141
11,425
115
2. 633
20, 044
5, 813
101
2, 942
MACHINERY AND APPARATUS
Air-conditioning equipment:
Orders, new:
1, 006
Fan group
thous. of doL.
1,621
1,153
1,260
603
982
901
1,001
957
723
843
1,048
877
464
Unit-heater group _ . do _
1,012
812
1,187
624
413
1,336
1,003
616
484
1,008
592
510
Electric overhead cranes:
Orders:
156
New
.
do
1,452
1,216
274
742
150
638
486
215
175
611
289
321
1, 246
Unfilled end of month
_
do
6,084
6,325
4,469
1. 929
4,106
3, 025
4,735
3,321
1,739
2,035
1,588
2,429
498
Shipments
_._do
'837
676
975
256
1,038
834
1,076
917
972
316
630
916
Electrical equipment. (See Nonferrous metals.)
Exports, machinery. (See Foreign trade.)
Foundry equipment:
Orders:
75.3
New
1922-24*100..
232.1
257.5
204.0
77.6
114 7
90.6
185. 3
128. 1
79.3
62.2
113.7
90.8
108. 6
Unfilled, end of month
..do _
347.5
360.3
351.1
294.0
157.5
309.3
147. 7
172.3
140.2
245.5
158.2
157.1
105. 8
Shipments
do
235.4
216.5
266.6
147.7
178.8
99.4
91.3
232.3
159.8
93.4
78.5
80-9
Fuel equipment:
Oil burners:
Orders:
11,121
New
_
number
6,362
16, 274
23,479
32,860
5,413
9,025
10, 100
8,519
23, 390
7,683
7,387
9,278
Unfilled, end of month
do
3,139
3,988
5,054
4,203
2,622
2,090
1,965
2,979
3, 068
2,066
2,617
2, 686
2,707
Shipments
do
10, 689
16, 404
33, 711
5, 538
8,732
22,413
6,338
10, 546
7,867
24. 525
8,239
9. 550
7,318
Stocks, end of month
do _. 27, 096
23, 730
27, 147
23,823
23, 770
26, 866
25, 370
24, 559
24, 947
24, 624
27, 366
25, 029
25, 100
Pulverizers orders, new
do
18
12
34
20
26
30
13
8
7
8
25
7
13
Mechanical stokers, sales:§
Classes 1, 2, and 3 _ _
__do
8,825
7,249
13,007
18, 769
6,279
16, 593
2,319
2,390
4,831
4,402
3,479
3,522
5,89
Classes 4 and 6:
Number
236
330
452
424
221
104
112
138
363
106
194
207
106
42, 265
Horsepower
63,460
58,252
75, 094
26, 172
20,475
24, 666
33, 696
57, 564
34, 743
28, 254
30, 662
23, 756
Machine tools, orders, new
»Y. mo. shipments 1926= 100. _
89.6
210.7
179.8
118.4
171.1
152.0
66.7
75.7
70.2
127.7
107.0
142.7
90.3
Pumps:
Domestic, water, shipments:
Pitcher, other hand, and windmill__units__ 32, 426
37, 747
39, 806
37, 655
31, 832
22,996
19, 298
26, 870
34,711
34, 709
33, 697
16,001
32, 553
Power, horizontal type
do
931
1,759
1,648
1,395
989
779
1,144
1,231
1,111
827
1,064
1,281
1, 057
Measuring and dispensing, shipments:!
Gasoline:
484
Hand-operated
units..
863
852
740
699
476
578
657
1,507
632
599
450
908
Power
__
do _
9,077
16, 446
14, 623
13,682
8,792
8,305
11,771
5,176
9,197
6,275
5,657
11,822
10, 156
Oil, grease, and other:f
Hand-operated
do
10, 257
14, 971
12, 451
11,834
13,686
12,982
13,914
14, 127
9,203
11, 508
9,072
14, 564
13, 175
Power
. do
2,333
4,011
3,298
3,518
4,850
2,008
3,190
3, 156
3, 314
2,273
1,689
3, 279
3,443
Steam, power, centrifugal, and rotary:f
Orders new
thous. of dol
1.034
1,989
1,990
1,302
999
952
1,074
1,196
1,518
1,236
1,110
927
1,410
'822
Water -softening apparatus, shipments, .units..
922
1,066
987
1,109
1,050
1,165
881
1,064
1 , 090
1,182
837
871
Water systems, shipments
do
15, 200
17, 462
15, 549
18, 0-54
13, 854
10, 248
12, 144
12, 181
10, 770
14, 596
15, 421
16,170
8,178
Woodworking machinery:
Orders:
Canceled
thous. of dol__
1
1
6
14
3
5
82
15
4
17
3
New
_
-_
do
503
327
491
334
288
283
637
679
395
315
283
271
Unfilled, end of month
do
1,096
672
580
1,148
1,109
1,095
900
593
581
997
940
807
Shipments:
Quantity
pumher of machines
332
380
324
104
169
144
222
146
158
339
146
193
Value.-.
thous of dol..
590
492
336
548
313
253
579
579
376
404
418
359
« Less than $500.
§Classifications changed starting in January 1937, but for all pra ctical pur poses the series shoiwu are coinparable with earli er data. Classes 4 and 5 are practicall y equivalent to former class 4: changes made in classes 1, 2, and 3 do not aff set the tol al for the 3 classes 2is shown } lere.
fRevised series. Measuring and dispensing pumps, ' oil, grease , and oth er f " revise d beginni ng Januai y 1936; fijHires not shown on p. 49 of t he Octobe r 1937 Sur vey will
appear in a subsequent issue. Steam, power, centrifuge , and rol ary pum ps for the period 19 31-37; rev isions nol shown o a p. 49 of the May L938 Sumjy will be given in
a subsequent issue. Data on steel shelving revised beginning Janu ary 1936; data not shown on p. 89 of t tie March 1938 Sur vey will a ppear in a subseque nt issue. The increase from 20 to 22 in the number of manufacturers repor ;ing steel shelving I ms affecte d the com parabilitj7 of the series to on] y a slight extent.
^Data are for 46 identical manufactures; beginning Jaiauary 193£$ data are available for 21 adclitional suaall conce rns.
SURVEY OF CURRENT BUSINESS
50
Monthly statistics through December 193,*, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survev
1938
1.M7
1938
July
September 1938
July
j August
her
1 Decem- January FebruOctober Noveinber
{ ber
ary
March
April
May
June
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite
long tons__
Price, scrap, cast (N. Y.)
___dol. per lb_.
Babbltt metal (white-base antifriction bearing
metals) :
Total
thous. of Ib
Consumed in own plants .
- -do
Shipments
do
Copper:
Exports, refined and manufacture-short tons..
Imports, total
. do
For smelting, refining, and export
do
Product of Cuba and the Philippine Islands
_ _ _
.short tonsAll other
do
Price, electrolytic (N. Y.)
dol. per lb__
Production:*
Mine or smelter (incl. custom intake)
short tons..
Refinery
.
_ __ do
Deliveries, refined, total*
do
Domestic
_
do ._
Export
do
Stocks, refined, end of month*
do
Lead:
Imports of ore, concentrates, pigs, bars, etc.
short tons..
Ore:
Receipts, lead content of domestic ore. do
Shipments, Joplin district
do
Refined:
Price, wholesale, pig, desilverized (N. Y.)
dol. per lb_.
Production from domestic ore., short tons..
Shipments, reported
_
do
Stocks, end of month
do
Tin:
Consumption in manufacture of tin and
terneplate __ . .
« long tons
Deliveries
do
Imports, bars, blocks, etc .._
_do
Price, Straits (N. Y.)
dol. perlb__
Stocks, end of month:
World, visible supply
. _ long tons _
United States
do
Zinc:
Ore, Joplin district:
Shipments
short tons _
Stocks, end of month
do
Price, prime, western (St. L.)
dol. per lb__
Production, slab, at primary smelters
short tons__
Retorts in operation, end of mo
number..
Shipments, total
, short tons
Domestic
do
Stocks, refinery, end of mo
. do
34, 446
. 0663
51,026
.1238
23, 857
.1265
46 161
.1283
55, 179
.1136
51, 141
.0893
67, 523
.0875
51, 448
.0875
44, 058
.0870
69, 097
.0784
36, 361
.0634
29, 110
.0584
34, 522
.0492
1,305
468
837
2,099
516
1,584
2,387
777
1,610
2,159
560
1,599
1 797
513
1 283
1, 538
402
1,136
1,344
358
986
1,382
269
1,113
1,177
233
944
1,510
390
1,120
1,234
370
863
1,106
329
776
1,225
345
881
42. 389
22, 166
19, 549
32, 241
31, 735
29, 161
26, 473
22,946
20, 867
25, 142
15, 591
15, 341
32, 743
18 866
15, 541
28, 361
20, 547
18,828
30, 343
26, 672
23, 175
23, 854
19, 832
18, 560
27,883
16, 004
13, 163
29, 503
19, 187
16, 631
44, 555
18, 578
15, 591
29, 385
15. 241
12, 575
33, 102
19, 818
18, 634
2,001
616
. 0959
1,508
1,067
.1378
1,967
112
.1378
50
200
.1353
1,995
1 331
.1184
109
1,610
.1080
1,951
1,545
.1001
88
1,184
.1020
1,978
863
.0978
1,995
561
.0978
1,974
1,014
.0978
1, 976
690
.0933
36
1, 148
.0878
31, 304
35. 596
54, 597
41, 249
13, 348
339, 970
85, 243
79, 611
72, 890
67, 356
5,534
117, 741
90,947
82,835
74, 392
68,019
6,373
126, 184
83, 806
90, 982
72,845
66, 229
6,616
144, 321
80, 437
87 030
48, 440
43 742
4 698
182 911
69, 446
75, 790
37, 025
33, 892
3,133
221, 676
61, 756
60, 463
22,788
18, 660
4,128
259,351
58, 760
70,487
30, 705
24, 881
5,824
299, 133
50, 704
59, 393
32,282
27, 389
4,893
326, 244
56, 199
61, 117
44, 576
33, 434
11, 142
342, 785
50, 941
55, 749
42, 871
31, 684
11, 187
355, 663
49, 125
47, 300
33, 154
28, 044
5,110
369, 809
4,034
1,710
1,567
1,383
1,473
2,073
4,745
2,915
1,486
1,401
2,727
3,263
1,726
42, 415
6,472
40, 922
4,710
40, 764
8,265
34, 429
3,370
30, 645
5,427
34, 890
5,052
31, 908
6,432
30, 726
4,108
27, 584
1,902
' 38, 200
32, 465
43, 303
32, 863
10, 440
358, 971
25, 269
4,330
38, 872
4,fi02
38,719
4,465
40,993
6,129
. 0488
27, 976
40, 601
154; 231
.0600
42, 480
47, 727
111, 103
.0645
42,460
54,551
103, 518
.0640
37, 989
63, 850
90, 742
.0574
45, 112
39 292
100 646
.0503
42, 892
33, 853
113,573
.0488
47, 423
34, 020
129, 131
.0487
37, 651
34, 923
133, 401
.0463
33, 555
30, 135
138, 134
.0450
35, 129
31, 052
143, 511
.0450
37, 997
25, 952
156, 715
.0440
31,918
26,011
163, 723
.0415
33, 992
v*5, 343
163, 346
3, 775
3,583
.4337
3,330
4,980
6,558
.5931
3,460
7,580
6,312
.5940
3,560
8,245
6,158
.5862
2 290
8 210
8 179
.5146
2,160
5,195
7,338
.4330
1,810
5,020
8,023
.4285
1,560
5,560
3,333
.4152
1,980
4,420
5,054
.4127
2,090
4,555
4,266
.4115
2,220
3,745
3,685
.3834
2,030
4,275
3,628
.3684
1 730
4 205
4,561
.4035
31, 097
4,071
25, 646
6,193
26,016
5,850
23,014
3,538
22 865
3 900
24, 389
5,285
27, 044
6,385
27, 101
4,866
25, 261
5,116
29, 125
4,458
30, 606
4,447
27, 909
3,679
29, 061
4,247
28, 065
25, 292
.0475
46, 524
11,070
.0692
36, 839
15, 451
.0719
40,705
15,926
.0719
45 283
18,563
.0609
30, 463
21, 990
.0563
39, 448
15, 382
.0501
30, 914
15,028
.0500
32, 994
13, 954
.0481
30, 749
19, 401
.0442
34, 716
21, 949
.0414
22, 923
23, 431
.0404
18, 079
27, 430
.0413
30, 362
25, 596
33, 825
33, 825
146, 208
40, 181
46, 199
49, 701
49, 701
13, 561
48,309
50, 163
50,643
50,643
11,227
50,027
51, 809
47, 737
47, 737
13, 517
52, 645
50, 324
49, 393
49, 511
32, 676
32, 676
42, 534
51, 474
48, 812
28, 675
28, 675
65, 333
48, 687
42,423
24, 931
24,911
' 89, 089
41, 146
39, 267
22,097
22, 097
108, 138
43, 399
36, 466
33, 528
33, 528
118, 009
38, 035
34, 691
20, 806
20, 806
135, 238
37, 510
31, 525
24, 628
24, 628
148, 120
30, 799
26, 437
29, 248
29, 248
149, 671
Aft
OX C
A(\ QA*»
oc 017
Electrical Equipment
Furnaces, electric, industrial, sales :t
1,244
1,660
2,147
612
488
3,440
1,738
1,118
2,320
1,507
4,134
1,849
988
Unit ..
kilowatts
84
102
167
144
35
85
30
257
131
127
74
255
Value
thous. of dol_.
154
Electrical goods, new orders (quarterly)
215, 964
154, 154
182,306
157 315
thous of dol
1,112
614
582
1,179
594
626
728
579
1,042
587
Laminated products, shipments thous. of dol
1,135
849
Motors (1-200 H. P.):
Billings (shipments):
3,083
1,824
3,320
1,722
1,704
2,041
1,864
3,222
3,334
A, C
thous. of dol. . 1,750
2,802
1,778
2,229
743
532
810
296
474
483
438
D. C.._
do .
458
793
847
476
769
713
Orders, new:
3,014
2,951
2,836
1,557
1,539
1,755
2,011
1,811
1,710
A. C
do
3,176
1,967
2,216
1,927
741
344
560
377
368
453
478
372
D. C
do .
481
655
434
549
468
Power cables, paper Insulated, shipments:
861
301
501
515
781
1,010
497
998
1,107
521
Unit
thous. of ft
573
560
528
1,321
391
565
515
756
629
1,376
630
Value
thous. of dol..
765
1,627
1,370
749
496
Power switching equipment, new orders:
81, 964
Indoor
dollars..
141,314 127, 128 114,016 147, 287
77, 493
93, 838
99, 975 119, 234 139, 523
68,418
93, 792
Outdoor
..
_
do..
497, 890 361, 758 347, 448 215, 357 395, 411 228, 940 154, 848 158, 552 141, 620 274, 115 261, 799 213, 144
1,692
i 5, 420
1,436
2,019
1,644
1,476
2,271
1,840
982
1,825
1,610
1,999
Ranges .electric, billed sales
thous. of dol..
1,025
67, 857
Refrigerators, household, sales
number.. • 89, 607 192,906 120, 643 82, 688
89, 739 109, 542 104, 984 145, 094 174, 332 212, 884 179, 189 104, 796
Vacuum cleaners, shipments:
88,456 110, 080 101, 376
83, 725
77, 867 102, 954
96, 615
74, 238
84, 926
Floor cleaners
do.. 91, 059
88, 974
21, 512
22, 545
32, 589
29, 934
20, 428
27,786
27,608
28,944
27, 174
26, 751
29, 806
Hand-type cleaners .
do
Vulcanized fiber:
1,235
1,282
2,509
1,486
1.328
1,073
2,471
1,470
1,152
Consumption of fiber paper
thous. of lb_.
2,137
2,243
1,804
1,462
283
258
278
285
272
274
277
520
503
517
479
304
Shipments
thous. of dol_.
350
'1 Revised. • Estimated.
For 2 additional companies which started reporting in March 1938, sales for the first 3 months of 1938 are included in the March figure.
*New series. For data on production, deliveries, and stocks of copper for period 1934-37, see table 26, p. 20 of the July 1937 issue. These data differ from the figures
•" • ' •
'
• ""
'
' ' " • - p. 20 of the July 1937 issue.
' Association, Inc.: data formerly collected by the National Electrical
„
,
_
^...ts of 12 manufacturers which represent 85 to 95 percent of total sales
x ._.
% _.
of electric furnaces for industrial purposes. Data not shown on p. 50 of the November 1937 Survey will appear in the 1938 Supplement to the Survey.
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
51
1937
1938
July
1938
DecemAugust SeptemOctober November
ber
ber
July
January
February
March
April
May
June
METALS AND MANUFACTURES—Continued
N ON FERROUS METALS AND
PRODUCTS-Continued
Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries -net tons
Orders, unfilled, end of mo
do .
Plumbing fixtures, trass:
Shipments
thous. of pieces
Radiators, convection type, sales: t
Heating elements only, without cabinets or
grilles . ...tbous. of sq. ft. heating surf__
Including heating elements, cabinets, &
grilles
.thous. of sq. ft. heating surL.
Sheets, brass, price, mill.
dol. per lb__
Wire cloth (brass, bronze, and alloy):
Orders, new
_ _ thous. of sq. ft
Orders, unfilled, end of mo
do
Production
do
Shipments _
do
Stocks, end of month
.. do
3, 936
17,466
7 087
17, 542
7,115
22, 311
6,683
18, 641
5,430
15, 557
3,805
13, 936
3,946
11, 276
2,774
12, 821
2,756
11, 935
3,305
10, 488
2,734
9,703
2,782
8,745
3,800
15, 864
1,410
1,566
1,420
1,213
925
660
939
970
1,360
1,297
1,323
1,347
72
41
90
90
64
58
35
22
18
25
26
52
46
417
.164
361
.198
424
.198
484
.196
484
.190
411
.178
251
.174
199
.173
173
.166
256
.165
259
.164
309
.161
'343
.156
363
657
(i)
322
611
338
1,010
493
612
654
320
876
431
453
633
285
793
426
376
637
277
653
402
407
650
174
548
288
275
667
287
577
264
225
678
300
629
241
249
668
320
642
293
302
647
334
660
344
331
652
272
617
(i)
307
673
0)
0)
378
623
308
591
328
642
345
645
PAPER AND PRINTING
WOOD PULP
Consumption and shipments:! •
Total, all grades,
short tons
Qroundwood
do
Sulphate
do
Sulphite, total
.do
Bleached
do
Unbleached ..
do _
Soda
do
Imports: t
Chemical
do
Qroundwood.,
do
Production:!
Total, all grades
do
Groundwood
do
Sulphate
do
Sulphite, total _.
.
do .
Bleached
do
Unbleached
do _.
Soda
do
Stocks, end of month :f
Total, all grades
do
Groundwood
-_ __
do
Sulphate
do
Sulphite, "total
do .
Bleached
do
Unbleached
do
Soda
.-_ . do .
Price, sulphite, unbleached
dol. per 100 lb_-
450, 540
88, 964
200, 282
125, 749
73, 113
52, 636
25, 545
564, 125
130 322
203, 152
192. 585
125 411
67, 174
38, 066
580, 771
131, 288
217,376
194, 318
122, 639
71,679
37, 789
554, 473
123, 933
206, 582
186, 796
122, 296
64, 500
37, 162
509, 495
122 336
192, 825
161,437
101 781
59, 656
32, 897
439, 141
115,399
148, 933
146, 135
94, 481
51,654
28, 674
387, 110
110 932
122, 820
127, 866
82 375
45. 491
25, 492
412, 487
109, 002
147, 850
126, 156
79, 765
46, 391
29, 479
416, 683
100, 910
154, 086
133, 299
86, 301
46, 998
28, 388
464, 306
112, 371
177, 707
140, 243
88, 074
52, 169
33, 985
428, 268
99, 147
169, 264
129, 487
81, 148
48, 339
30, 370
431, 461
103, 961
173, 986
126, 089
75, 252
50, 837
27, 425
428, 283
101, 082
175, 258
125, 313
75, 240
50, 073
26, 630
121 919
12, 544
202, 136
24, 561
201,019
15,504
187, 225
15, 300
183, 139
17, 732
188, 271
19, 351
161, 576
15, 645
131, 609
14, 523
118, 641
12, 598
83, 834
10, 614
65, 992
12, 656
114,881
9,982
130, 181
14, 377
429, 551
88, 187
200 930
115,733
69 146
46, 587
24, 701
561, 114
124,535
204, 599
193, 698
125 442
68, 256
38, 282
575, 158
116, 782
219,611
199, 991
129, 444
70, 547
38, 774
536, 156
107, 128
208, 587
183, 384
117,024
66, 360
37, 057
526, 881
112, 825
194, 717
185, 887
119, 922
65, 965
33, 452
465, 038
120, 895
151, 299
163, 671
107, 502
56, 169
29, 173
406, 114
118,364
122, 827
138, 721
88,872
49, 849
26, 202
426, 182
116,392
148, 572
132, 330
84, 317
48, 013
28, 888
428, 893
107, 363
157, 765
135,475
85, 253
50,222
28,290
478, 380
119, 710
175, 908
148, 596
S3, 352
55, 244
34, 166
437, 603
110, 732
167,113
128, 622
80, 283
48, 339
31, 136
438. 157
110, 178
177,140
123, 874
78, 677
45, 197
26, 965
422, 193
95, 855
176, 254
123, 389
74, 350
49, 039
26, 695
228 794
79 030
26 549
118 465
84 188
34 277
4 750
2.29
161 609
83 944
12 795
61 680
38 511
23 169
3 190
3.75
155, 996
69, 438
15 030
67, 353
45, 316
22 037
4,175
3.75
137,679
52, 633
17 035
63, 941
40, 044
23 897
4,070
3.75
155,066
43, 122
18 927
88. 391
58. 185
30 206
4,626
3.66
180 858
48, 618
21 293
105, 927
71, 206
34, 721
5,020
3.50
199, 862
56, 050
21 300
116,782
77, 703
39 079
5,739
3.31
213,557
63, 440
22 022
122,956
82, 255
40, 701
5,139
2.88
225, 767
69, 893
25, 701
125, 132
81, 207
43, 925
5,041
2.88
239, 842
77, 232
23, 902
133, 485
86, 485
47, 000
5,223
2.79
249, 177
88,817
21, 751
132, 620
85, 620
47, 000
5, 989
2.60
255, 874
95, 034
24, 905
130, 405
89, 045
41,360
5, 530
2.53
249, 784
89, 807
25, 901
128, 481
88, 155
40. 326
5 7 595
2.38
Total paper:
PAPEB
Paper, incl. newsprint and paperboard.f
r
Production!
short tons
915 405 936 051 981 009 847 350 713 065 682 916 697 627 728, 269 853,128 769, 308 f 744,427 805, 944
Paper, excl. newsprint and paperboard:t
r
Orders new
short tons
410 353 424 196 489 152 392 878 327 302 352 908 374 580 383, 488 461,497 399, 846 ' 388,634 44.0, 249
Production
do
490, 479 490, 453 555, 186 434, 379 360, 913 358, 554 356, 992 384, 664 466, 712 '407,399 rr 389,852 443, 602
Shipments
do
471 434 458 962 535 360 421 349 347, 862 366, 177 377, 105 386, 775 462, 874 ' 402, 568 378,690 443, 394
Book paper :f
Coatea paper:
12, 294
12, 902
15,419
14, 847
13, 840
Orders, new
„
_do
15, 524
13, 712
14, 079
14, 713
18, 238
12, 980
13, 694
13, 940
2, 377
2,194
2,493
2,824
2,752
Orders, unfilled, end of mo
do _
1,901
4 661
2 716
2,361
2 172
2 464
5 012
4 319
12,983
17 500
13, 256
Production.
_ _ ..
do
13, 882
15, 890
14, 600
17 462
15 242
13 872
17 770
18 752
14 847
13' 946
47.5
52.5
49.2
Percent of potential capacity
55 0
56.0
62 8
54 9
50 8
53 4
53 1
75 9
70 2
77 1
12, 020
15, 115
13, 761
14 748
Shipments
short tons
15 918
17 582
14 951
15 538
15 542
19 404
14 522
13 733
16 902
12, 081
11, 118
13 042
11 623
Stocks end of month
do
12, 108
13 033
14 408
14 699
14' 707
12 265
14 514
14 581
12 615
Uncoated paper:
74, 043 ••71,530
79, 686
92, 528
77, 397
Orders, new
do
81,411 76, 257
77, 685
74, 408
90, 765
83, 663
78, 739
80, 065
31, 828
34, 512
Orders, unfilled, end of mo
do _
30, 373 30, 065 r 29, 973
37 910
30, 521
15 725
34, 760
34 020
49 801
33 941
54 231
Price, wholesale, "B" grade, English fin6.00
6.00
6.00
6.00
6.00
ish, white, f. o. b. mills_.dol. per 100 lb__
6.00
6.00
6.25
6.25
6.13
6.00
6.25
5.45
77, 848 ' 73, 975
77, 014
92, 777
86, 557
Production
short tons77, 076
88 570
80 388
99 714
98 823
74, 616
73 015 101 410
66. 7
63.0
73 0
74.5
Percent of potential capacity
77.0
74 4
62 7
65 7
67.6
86 1
65 8
85 7
87 6
75, 399 «• 72, 821
82 493
92, 028
Shipments
short tons
80 693
77 350
76 293
74 662
90 105
79 284
95 958
91 431
95 779
Stocks, end of month
_ do
98, 645
99, 229 103,448 106, 067 r 106, 181
99,866
107* 081
95 199 104 376 107 426 106 295 107 436 104 309
Fine paper:
31, 562
28, 877
Orders, new
do. __
30, 189
36, 133 ' 29, 553 ^ 27, 700
25, 152
25, 749
34, 697
23, 449
30, 647
26 247
7,427
8,113
9,315
9,787
9,420
Orders, unfilled, end of mo._
._ do
8,467
7,721
10, 709
20 978
9,996
15.191
10 687
33, 850
29, 341
36, 861 ' 30, 355 - 30, 419
Production!
do
31,025
25, 357
27, 031
29, 995
34 220
36,218
40, 948
33,
105
r
29,
980
31,024
'
29,
843
38, 147 T
Shipments
do
28, 646
24, 619
30, 853
32T 008
29, 339
32 653
40, 417
71, 737
70, 664 »• 72, 449
Stocks, end of month—
_.do .
71, 723
72, 672
70, 119
76, 392
71, 005
69 509
73 430
77 778
73 504
Wrapping paper:
136 379 139 501 160 015 127 696
Orders, new
do
91 817 114 427 114,784 122, 169 159, 520 129, 967 * 131,532 175, 729
64, 100
51,479
48, 614
57, 468
Orders, unfilled, end of mo
do
50, 637
47, 458
62, 286
51, 424
101.208
86, 668
53, 665
69, 060
Production—
.
do
165 597 162, 717 185, 049 140, 536 105, 750 116, 330 104, 369 125,371 159, 596 131, 176 >• 131,683 164, 305
164,
498
'
129,019
132,
176
Shipments
do ._
158 991 153,744 180 394 135, 729 102, 129 119 381 113,403 125, 569 161, 506
Stocks, end of month
do
113.393 120, 908 123.660 127, 754 131,389 127, 713 124, 485 123,581 122, 613 122, 098 12* 856 126, 094
' Revised.
ISee note marked 'T' on next page.
i Discontinued by reporting source.
• Comprises pulp used in the producing mills and shipments to the market.
fRevised series. Data on production of wood pulp have been revised beginning 1932, and consumption and shipments and stocks, beginning 1934. Production data
not shown on p. 51 of the April 1938 issue, and shipments and consumption, and stocks, prior to March 1937 not shown on p. 51 of the May 1938 Survey, will appear in a subsequent issue. In the above presentation the data are all raised to estimated industry totals on the basis of an identical sample of 152 mills; heretofore, only the data on
production and consumption and shipments have been raised. For production, the estimated industry totals have been supplied by the compilers, and for consumption
and shipments, and stocks, the sample data have been adjusted to the raised production figures by the Survey of Current Business. Consumption and shipments, and
stocks, as shown here supersede the data shown in the April 1938 Survey. This revision was occasioned by the use of an improved method of adjustment. Data are restricted
to the items specified, with no attempt made to estimate semiehemical pulp or screenings. Data on chemical and ground-wood imports have been revised beginning January
1935; revisions not shown on p. 51 of the December 1937 Survey will appear in a subsequent issue. Data on total paper, total paper excluding newsprint and paperboard,
and
book paper have been revised beginning 1934. Revisions not shown on p. 51 of the May 1938 Survey will appear in a subsequent issue. Sales of nonferrous metal conDigitized vection
for FRASER
type radiators revised beginning January 1935; data not shown on p. 51 of the February 1938 issue will appear in the 1938 Supplement.
52
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey
1937
1938
July
September 1938
1938
Septem- October Novem- DecemAugust
ber
ber
ber
July
January
February
March
April
May
June
PAPER AND PRINTING—Continued
PAPER- Continued
Newsprint:
Canada:
Exports
_„ .
.short tons__
Production
do
Shipments from mills
do
Stocks, at mills, end of mo
do
United States:
Consumption by publishers!
do
Imports
_ _
do
Price, rolls, contract, destination (N. Y.
basis)
dol. per short ton
Production^
short tons._
Shipments from mills
do
Stocks, end of month:
At mills
do
At publishers!
do_
In transit to publishers!
do
Paperboard:
Consumption, waste paper
do
Orders, new
do
Orders, unfilled end of mo __._
do
Productionl
.
do
Percent of capacity
Stocks of waste paper, end of month:
At mills
short tons
PAPER PRODUCTS
Abrasive paper and cloth, shipments:
Domestic
reams..
Foreign
do
Paperboard shipping boxes:!
Shipments, total
mills, of sq. ft__
Corrugated
do
Solid
fiber
do
PRINTING
Blank forms, new orders - - thous. of sets
Book publication, total
_ __no. of editions
New books
do
New editions
._ _
__
do
Operations (productive activity).. .1923= 100 Sales books, new orders
thous. of books.-
202 546
205, 490
179, 282
305, 163
316 194
293, 671
176, 905
283,128
319 876
326. 222
170, 559
308,
312
300,
181,
655
220
815
964
302, 325
315, 477
338, 215
159, 226
315,642
302. 878
357. 240
104,864
308, 742
293, 395
355, 257
43, 002
169, 509
222, 500
159, 107
106, 394
139, 734
202 601
172, 906
146, 089
203, 729
224, 604
182, 687
188, 006
186, 727
200 794
214, 182
174, 618
209, 069
207, 678
193, 288
189, 008
194
201
208,
182,
151, 875
175, 441
170 455
302, 982
173, 338
260, 158
183,360
303, 351
208, 278
298,560
180, 473
299, 561
187,048
305, 802
169, 922
184, 761
156, 475
123, 289
174, 971
152, 507
173, 638
195, 750
176,600
210, 521
159 199
172, 525
50.00
63, 278
69, 718
42 50
78. 205
79, 759
42.50
80, 311
75,724
42.50
77, 732
73, 931
42.50
78, 352
72,127
42.50
80, 145
83, 743
42.50
79, 537
88, 339
50.00
72, 514
62, 829
50.00
61,357
62, 480
50.00
67, 864
66, 138
50.00
58, 836
57, 348
50.00
68, 001
66, 197
50.00
65, 382
66, 204
22, 557
317, 442
26, 191
13 089
344, 147
52, 964
17,676
380, 070
55, 769
21 467
421,765
59,489
27, 693
450. 761
57, 357
23, 907
492, 150
62, 852
16, 239
543, 861
69, 545
25, 924
521,411
38, 471
24,801
464, 691
38, 970
26. 527
406, 622
32, 282
28,015
379, 439
29, 285
29, 819
343, 149
34, 908
28 997
324, 95fi
24. 401
274, 463
331 375
143, 401
346, 721
71.0
287, 443
348.685
129,745
365,287
75.7
287, 858
324, 216
108, 467
348, 091
71.5
256, 162
315,122
88,775
334, 619
68.8
218,189
2.56,081
75,683
272,007
56.2
196,231
243,992
75, 994
244,825
48.2
203, 424
269, 367
79, 595
268, 121
54.7
215,047
273, 651
72, 832
282, 248
59.8
243, 571
317, 472
74, 137
318, 552
59.8
224, 715
302, 921
75, 266
303, 073
53.7
210,117
281,401
76, 701
286, 574
57.4
218, 652
298, 845
76, 693
296, 960
55.0
254 554
258, 064
277, 797
293, 818
294,122
322,435
331, 582
325, 166
333, 218
319,816
318, 698
312, 684
61, 220
(i)
76,209
8 498
65. 956
7,711
67,422
7,724
70, 731
6,077
56, 650
8,487
40, 095
6,339
54, 124
6,633
53, 389
6,616
67, 764
(i)
68. 125
(i)
62, 530
(i)
58, 89S
2,193
1,982
211
2,363
2, 140
223
2,457
2,221
236
2,563
2 331
232
2,579
2,364
215
2,076
1,918
159
1,753
1,619
133
1,826
1,691
134
1,909
1, 7C8
141
2,272
2, 117
156
2,004
1,870
134
2,041
1,891
150
2,244
2,075
169
829
686
143
91 805
846
741
105
90
16, 506
306,989
826
702
124
96
16, 697
111,485
942
831
111
100
16,049
109, 633
1,183
1,023
160
102
16, 741
105, 656
985
864
121
102
15,662
104, 379
930
759
171
100
14, 724
91, 207
1,071
887
184
93
14. 434
90, 496
895
751
144
93
13, 742
103, 696
960
841
119
92
14, 972
102, 684
1, 036
884
152
88
14.221
104, 537
778
652
12G
87
16. 220
102.344
697
583
114
81
16, 285
14, 578
521
694
476
226
0)
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBER
Crude:
Consumption, total!!
long tons
For tires and tubesj
do
Imports, total, including latex _ _ _ . do
Price, smoked sheets (N, Y.)
dol. per lb_
Shipments, world
long tons
Stocks, world, end of month!
do
Afloat, total
do
For United States
do
London and Liverpool
do
British Malaya
do
United States!
do
Reclaimed rubber:}!
Consumption
do
Stocks, end of month
do
Scrap rubber:
Consumption by reclaimers (quar ) do
TIRES AND TUBESJ
Pneumatic casings:
Production
_ _ _ _ _ thousands
Shipments, total
do
Domestic..
do _
Stocks, end of month
do
Inner tubes:
Production
do
Shipments, total
_
__
do
Domestic
do
Stocks, end of month _
do
Raw material consumed:
Crude rubber. (See Crude rubber.)
Fabrics
thous of Ib
MISCELLANEOUS PRODUCTS
Single and double texture proofed fabrics;
Production
thous of yd
Rubber and canvas footwear:!
Production, total
thous. of pairs
Tennis
do
Waterproof..
do
Shipments, total
do
Tennis
_ _ _ _ _
d o
Waterproof
do
Shipments, domestic, total
do
Tennis
do
Waterproof
do
Stocks, total, end of month. _
do
Tennis
do
Waterproof
do
1
Data are no longer available.
' Revised.
32, 209
~~22~405~
.154
79, 000
590, 290
102, 000
40, 400
95, 061
97, 617
295, 612
8 273
7 109
18, 832
43, 893
41, 456
43, 650
« 88,472
30, 289
43, 414 ~~49,"820" 57, 024
.186
.184
.189
111,000 102, 000 106. 000
445, 782 457, 462 470,768
144, 000 140. 000 141, 000
80, 439
83,288
75, 779
45.211
49, 807
42, 175
92, 661
87, 579
88, 046
171, 56.1 179,590 192, 382
38, 707
33, 984
23, 868
28, 947
30, 629
45, 384
.146
80, 000
551, 632
113,000
57, 356
62. 108
98, 157
278, 367
41,064
.146
81,000
569, 242
10H, 000
47, 459
71,516
94, 250
295, 476
30, 487
« 56, 506
42, 571
.136
81, 000
591, 968
109, 000
41, 882
76,617
99, 287
307, 064
27, 984
54, 043
.146
93, 000
493, 266
127,000
81, 302
54, 857
84, 657
226, 752
29.160
"100, 800
69, 810
.151
92, 000
545, 533
135, 000
63, 099
57, 785
90, 548
262, 200
29, 429
53, 129
.163
98,000
479, 398
135,000
80. 653
51, 932
85, Rfifi
206, 601
31, 932
.118
86, 000
593, 3-10
114,000
39, 071
82, 754
85, 036
310, 950
28, 108
.116
68. 000
577. Ofi3
94. 000
32, S59
87,215
86, 036
309, 812
26, 677
.126
71, 000
581, 952
'90,000
32, 079
92, 312
94, 028
305, 612
13,681
16,410
21, 597
12,234
15,849
23,572
9,703
12, 406
24, 620
7,674
10.815
26, 260
6,673
7,467
27, 179
7, 238
6,012
26, 431
8.471
6. 875
25, 432
7,480
G, 597
23, 339
8,009
6. 866
22, 275
8,274
7,584
21, 040
11, 924
16, 241
17, 992
13, 227
16, 543
19, 706
32, 213
42, 489
4,292
5.190
5.112
11,654
4,049
4,930
4,849
10, 813
4,455
3, 537
3,473
11,615
3.980
3,940
3,859
11, 644
3,111
3,771
3,864
10, 963
2, 952
3, 153
3,053
10, 776
2,776
2,500
0)
10, 988
2, 238
2,359
(0
10, 833
2,792
2,891
0)
10, 820
2 784
3, 357
4,019
5,046
4,993
10, 869
4,129
4.852
4,795
10, 144
4,290
3,177
3,134
11,242
3,179
3,518
3,462
11, 103
2,822
3,348
3,280
10, 527
2,349
2,875
2,795
10, 056
2,418
2,424
0)
10, 164
2. 132
2,127
0)
10, 161
2,475
2,544
0)
10, 130
7,512
18, 494
(0
0)
0)
(0
(0
0)
(0
0)
(0
" 62,556
- 54, 518
r 2, 737
r 3, 273
0)
10,317
' 2, 199
2, 782
(')
9, 525
r
' 2, 724 ' 3, 109
r 4, 067
3, 405
0)
r (0
r
8, 763
9, 855
r
' 2, 201
r 2, 890
0)
9,010
••2,717
r
3. 629
(0
r 8, 108
• 35, 695
3,380
3, 802
3,975
3,282
2, 285
1,969
1,978
2,088
3,089
2,461
2, 364
2,505
4,679
1,584
3.095
5.764
2,075
3,689
5,738
2,055
3,683
21. 729
4,404
17, 326
6,4.54
1,789
4,666
7,424
1,190
6,234
7,363
1, 142
6, 222
20, 746
4,990
15, 757
8,598
1, 557
5,040
7,316
1,134
6.182
7,254
1,093
6,161
20,046
5,431
14,615
6.369
1,447
4,822
6,635
768
5,886
6,582
749
5,833
19.780
6,109
13, 671
5, 671
1,456
4,216
5, 143
648
4,494
5, 111
636
4,474
20, 308
6,916
13, 392
4,517
1,704
2,813
4,343
1, 151
3,191
4,305
1,134
3,171
20, 430
7,446
12, 984
3,588
1, 915
1.673
3,937
2, 363
1, 574
3,894
2,338
1, 555
20,031
6,965
13, 065
3,639
2,251
1,388
3,212
2.422
789
3.174
2,392
782
20, 296
6,796
13. 499
4,453
(0
0)
4,197
0)
0)
0)
(>)
0)
20, 558
0)
0)
3. 566
0)
0)
3,811
0)
0)
3.648
(0
0)
0)
0)
0)
0)
0)
3,970
0)
0)
3 T 742
(0
(0
(0
0)
3.837
(!)
0)
20, 400
(0
n
(0
20. 563
(0
(^
(0
20, 791
0)
CO
« Quarterly figures; monthly data not available subsequent to July 1937.
11 appear in a subsequent issue.
JData are raised to industry totals :see the note explaining these serifs in the 1936 Supplement.
17, 218
3.353
3, 947
0)
8,201
cn
r
vey
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1938 Supplement to the Survey.
1938
1937
1938
July
53
July
August
Septem- October Novem- Decem- January
ber
ber
ber
Febru-
March
ary
April
May
June
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Price, wholesale, composite
Production
Percent of capacity
Shipments
_
Stocks, finished, end of month
Stocks, clinker, end of month
dol. per bbl__
thous. of bbl._thous. of bbl..
do
do
1.667
10, 967
50 2
10, 163
23, 271
6, 112
1.667
11,597
53.1
12,237
23,370
6,771
1.667
11, 894
54.4
12, 291
22,940
6,347
1.667
11, 223
53. 1
12, 773
21, 388
5,896
1.667
11, 374
52.0
11, 190
21, 565
5,859
1.667
9,248
43.7
8,188
22, 634
6,104
1.667
7,047
32.2
4,793
24, 879
6,342
1.667
4,534
20.7
4,390
25, 023
6,589
1.667
3,916
19.8
4,575
24, 361
6,732
1. 667
5,879
26.9
7,259
22, 979
6,622
1.667
7,983
37.7
8, 678
22, 262
6,497
1.667
10, 361
47 4
9,752
22, 875
6,326
745, 035
725, 444
849, 321
829, 261
959, 880
917, 219
692,311
656, 529
510, 700
516, 164
266, 526
650, 657
607, 216
289, 885
801,974
787, 019
268, 270
577, 258
70S. 756
252, 142
710, 164
668, 252
249, 899
787, 535
783, 578
239 779
12. 076
154,424
508,840
12. 113
149, 672
524, 110
12. 113
128, 118
530, 970
12. 044
95. 882
528,569
12. 072
68, 794
511,904
12. 074
74, 978
486,950
12.047
114, 909
445, 379
12. 050
12. 007
129,509 r 130, 728
419,200 ' 428, 843
11.927
145, 279
431, 736
51, 477
296,123
45, 971
296, 834
36, 982
300, 462
24, 869
304,731
20, 547
299, 019
23, 327
298, 041
38, 801
288, 644
45, 902
281, 65J
' 49, 155
277, 009
50, 249
271 721
8,638
66, 2-52
12, 255
60, 866
6, 185
60, 974
2,882
59, 273
2, 537
56, 964
2,087
56, 433
3,811
55, 484
5,243
55, 170
7.900
54, 274
9 079
56, 849
884
848
8S7
1,488
160
1 712
172
1.667
10, 535
49 8
10, 932
r 22, 467
' 6, 218
CLAY PRODUCTS
Bathroom accessories:
Production .
number of pieces
778,471 1,195,988 1,268,218
Shipments
do
751, 244 1,153,466 1,181,549
242, 745
Stocks, end of month t - do
Common brick:
Price, wholesale, composite, f o, b. plant
12.125
12. 116
dol. per thous.. 11. 972
Shipments
thous. of brick
167, 085 157, 839
Stocks, end of month
_.
do
463,531 479, 256
Face brick:*
Shipments
do
54, 530
57, 120
Stocks, end of month
do
297,406 300, 796
Vitrified paving brick:
7,707
8,580
Shipments
do
63.646
66, 533
Stocks, end of month
»
do .
Terra cotta:
Orders, new:
1,495
1,018
Quantity
short tons
1,032
177
122
Value
.thous of doL105
Bollow building tile:
80, 812
80, 317
Shipments
short tons
Stocks, end of month
do __
362. 455 365, 788
800
731
893
106
99
98
, 109
1, 136
130
1,317
147
76, 290
361,084
68,954
369, 610
54, 557
373, 283
39, 937
380,917
34,000
355, 544
35, 631
355,270
59, 035
345, 214
133
100
r
61,312 ' 62, 296 64, 631
332,721 ' 333, 979 344, 518
GLASS PRODUCTS
Glass containers:
Production.thous. of gross_Percent of capacity
Shipments
thous. of gross..
Stocks. end of month
do
Illuminating glassware:®
Orders:
New and contract
number of turns
Unfilled, end of month
do
Production
do
Shipments
do
Stocks end of month
do
Plate glass, polished, production.thous. of sq. ft—
3,506
61.0
3, 847
8,354
4,978
86.9
4,645
7,259
5,259
91.8
4,662
7,776
4,548
82.5
4,400
7,843
4,417
77.1
3,932
8,261
3,735
67.8
3,211
8,696
3,235
56.5
2,684
9,192
3,125
52.4
3,016
9,279
2,995
54.3
2.893
9,318
3,637
58.6
3,616
9,265
3,647
61.0
3, 045
9,215
3,837
66. 8
3,902
9,088
3.583
60.0
3. 858
8, 750
5,506
2 266
2,692
2 031
2,289
5 038
15, 345
2,458
2,720
2,312
2,426
4,923
17, 898
2,829
2,824
2,886
2,731
5,043
16, 479
2 283
2,516
2 981
2,618
5 267
14, 855
1,893
2,333
2,437
2,170
5,585
12, 517
1, 625
2, 394
1,616
1.624
5,362
8,921
5,119
2,664
3,802
3, 820
3,866
5,956
GYPSUM AND PRODUCTS f
Crude:
Imports
short tons
Production
do
Calcined, production
do
Gypsum products sold or used:
Uncalciried
do
Calcined:
Lath
thous. of sq. ft
Wallboard.
._ do
Keene?<; cement
short tons
All building uses _.. __ do
For manufacturing uses
do
Tile.
.
thous. of sq ft
306. 672
897. 178
704, 846
264 583
611,452
477, 182
249, 143
176, 476
108,304
209, 565
198,259
91, 401
10 5^9
423, 640
70, 354
3,806
136, 451
81. 668
3 319
281, 610
50, 677
3,063
140, 428
94, 385
7 352
294, 175
31, 510
4,434
200, 444
100, 704
5 909
390, 143
25 ?46
5, 704
r
6 348
453, 420
447, 049
222 2«2
724 798
589, 308
TEXTILE PRODUCTS
CLOTHING
Hosiery:
Production
thous of dozen pairs
Shipments
_-do___
Stocks, end of month _
_ do
9,302
9,381
23,659
9 915
10, 718
22, 856
10, 367
11,418
21,804
10 319
10, 653
21, 471
9,610
9,822
21,259
8,625
9,090
20, 794
8,843
8,464
21, 913
9 481
10, 109
21, 285
10 995
12, 077
20, 253
9 840
10, 593
19,491
10, 038
10. 096
19, 460
10 368
9,660
20 186
COTTON
449, 511 583, Oil 604, 380 601, 837 526, 464 484, 819 433, 058 434, 740 427, 528 510, 941 414,392 425, 684 442 742
Consumption
bales
799
Exports (excluding linters)
thous. of bales..
.124
220
196
617
797
751
647
399
377
426
193
176
Ginnlngs (total crop to end of month indicated)
143
158
1,871
13, 164
16,178
16,812
thous. of bales
8,259
17, 646
18, 242
Imports (excluding linters).
do
19
8
9
19
5
9
9
6
14
25
19
20
15
Prices:
084
Received by farmers
dol per Ib
. 107
.126
.090
.081
077
076
084
084
079
081
084
080
.084
Wholesale, middling (New York)
do.._
.124
. 103
.090
.080 a .083
.089
.084
.086
.089
.089
.088
.084
Production (crop estimate)
thous. of bales
* 11, 988
18, 945
211
Receipts into sight—
-..
do
175
'497
' 1,051 ' 3, 090 ' 3, 489 >• 2, 538
' 726
'255
' 1,501 ' 1,005
' 670
'213
Stocks, end of month:
10, 908
4, 099
7,918
11 177
13 206
Domestic, total
do
4,465
13 586
12 189
11 644
13 534
13 481
12 728
11 113
961
991
1,419
Mills
do .
1,286
1, 656
1 763
1,703
1, 267
1 772
1 586
1,416
1,718
1 815
9 697
3,504
11 549
Warehouses
do
9 641
6.926
9 758
2 813
11 772
10 486
10 058
11 867
11 666
10 956
7,893
4,374
6.421
4,361
8,029
8,769
World visible supply, total . ..
do
8 796
8 142
9, Of-6
9 210
9 220
9 025
8 490
5.491
American cotton. _.
do
2.549
7.225
2.763
4.863
6.467
7.441
7.450
7.271
6.881
6.509
6.071
5.772
r
b
Revised.
» Total crop.
As of August 1.
*New series. Data on face brick shipments and stocks, compiled by the V. S. Department of Commerce, Bureau of the Census, supersede those shown in the Survey
prior to the January 1937 issue. Data beginning January )934 were shown in table 34, p. 20 of the August 1937 issue.
tRevised series: Stocks of bathroom accessories revised beginning January 1938; earlier data not available. For gypsum and products, changes have been made in classification titles as follows: "Shipments of crude gypsum" are now referred to as "uncalcined gypsum sold or used" and the items formerly referred to as "shipments of calcined
products" are now more accurately designated as "calcined products sold or used." The title "plasters, neat, wood fiber, sanded gauging finish, etc." has been changed to
"all building uses" and the title "for pottery, terra cotta, plate glass, mixing plants, etc." has been changed to "for manufacturing uses."
<8>Data on basis of "number of turns," as shown here, are no longer available; a new series on basis of the number of pieces and value are available beginning January
1938. These data will appear in a subsequent issue of the Survey.
54
SUKVEY OF CURKENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
September 1938
1937
July
July
1938
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES
Cotton cloth:
Exports
thous. of sq. ydImports _
do
Prices, wholesale:
Print cloth, 64 x 60
dol. per yd._
Sheeting, brown, 4 x 4
_
do
Finished cotton cloth:f
Production:
Bleached plain
thous. of yd
Dyed colors
do
Dyed black
do
Printed
do
Stocks, end of month:
Bleached, dyed colors and dyed black
thous. of yd_.
Printed
_
_ -..
do
Spindle activity:
Active spindles
thousands
Active spindle hrs., total
mills, of hrs__
Average per spindle in place
hours..
Operations
-.
. pet. of capacity-Cotton yarn:
Prices, wholesale:
22/1, cones (Boston)
dol. per lb__
40/1, southern spinning
do
20, 097
4,301
14, 418
10, 576
16, 418
7, 896
17, 511
5,560
25, 805
5,903
24, 116
5,363
21, 713
5,130
24, 252
5,108
23,882
4,667
33, 613
4,700
27, 793
3,923
24, 713
4,092
20, 444
.047
.055
.063
.081
.058
.075
.052
.069
.049
.061
.047
.058
.045
.055
.037
.055
.048
.055
.047
.055
.046
.054
.045
.053
.043
.051
118, 956
88, 355
6,959
86, 089
115,013
86, 792
7,732
91, 578
112, 741
78, 363
7,154
98, 993
119, 609
79, 620
6,674
97, 757
109, 200
62, 216
4,861
83, 195
111,952
59, 924
4,590
92,811
111,876
60, 223
3,300
87, 154
116, 995
75, 223
3,895
91, 892
127, 643
89, 182
4,183
104, 594
113, 340
46, 273
4,047
92, 795
109, 748
79, 044
3,833
82, 876
102, 327
68, 513
0)
0)
268,428
118,383
272, 709
120, 338
262, 006
102, 843
277, 860
136, 177
284,281
135, 751
298, 812
143, 307
(')
0)
0)
(0
(')
0)
0)
0)
0)n
()
0)
0)
21,916
5,919
224
100.2
24, 394
7,665
284
121.9
24,353
8,185
304
130.5
23, 887
7,658
285
124.1
23, 724
6,928
259
111.1
22, 792
6,483
243
105.2
22, 328
5, 726
214
92,0
22, 327
5, 682
214
93.5
22, 357
5,589
210
98.9
22, 288
6,485
245
101.1
21, 786
5,266
198
85.7
21,342
5.449
21, 144
.230
.338
.293
.439
.272
.413
.257
.407
.245
.383
.239
.369
.235
.369
.235
.369
.235
.369
.234
.369
.230
.369
.225
.369
.219
.348
697
1,788
693
1,954
562
1,573
368
1,323
253
228
240
581
372
492
477
697
455
1,088
445
1,825
445
1, 435
473
1,633
.63
.63
.63
.63
.63
.63
.60
.54
.54
.54
.52
.49
0.2
0.2
0.5
1.1
1.9
2.5
2.8
3.0
3.3
3.5
3.8
'3.9
31, 399
4,015
33, 557
5,174
36, 372
4,958
S6, 002
5,054
31, 749
5,865
21, 982
3,781
30,715
4,003
30, 260
3, 359
34, 884
4,182
33, 381
4,833
28, 687
3, 433
31, 492
5,271
1. 600
1.609
EATON AND SILK
Rayon:
843
Deliveries!
1923-25=100 .
2,074
Imports
- thous. of lb_
Price, wholesale, 150 denier, "A" grade
.49
(N. Y.)
dol. per lb._.
Stocks, producers, end of mo.f
3.1
no. of months' supply-Silk:
32, 593
Deliveries (consumption)
bales
4,073
Imports, raw _
_
thous. of Ib Price, wholesale, raw, Japanese, 13-15 (N. Y.)
1.811
dol. per lb_.
Stocks, end of month:
138, 105
Total visible supply f
_ __ __
bales
42, 305
United States (warehouses)
__do
1.940
1.873
1.851
1.721
1.648
1.575
1. 565
1. 592
1.634
1.619
141, 094
41, 494
152, 083
44, 183
152, 857
43, 957
151, 834
40, 834
156, 724
45, 424
161,435
49, 535
143,678
48, 678
136, 934
43, 834
134, 426
36, 326
130, 955
41,455
22, 746
4, 996
7,104
20, 509
7,903
19, 302
20, 034
8,668
21, 116
17, 213
7,259
16,896
16, 095
4,926
14, 213
10, 604
2,730
10, 147
10, 425
2,857
6,045
12, 709
3, 672
4,781
12, 090
3,982
3,675
10, 412
4,328
3,621
92
84
89
76
60
50
52
53
51
30
16
53
50
32
'74
61
34
74
56
27
58
42
28
55
28
22
45
30
20
51
28
23
53
34
23
56
61
52
79
57
88
59
72
47
63
46
43
38
47
44
50
41
.69
.29
1.00
.43
1.01
.43
.97
.42
.90
.38
.83
.35
.81
.32
.79
.31
1.535
2.079
2.035
1.999
1.980
1.832
1.832
1.832
1.832
1.040
1.213
1.213
1. 213
1.213
1.168
1.139
1.139
1.139
1.03
65, 322
64, 582
740
1.41
38, 904
36, 186
2,718
1.40
29,237
25, 796
3,442
1.38
12, 129
8,439
3,691
1.34
8 753
5,758
2 995
1.18
8,911
6,925
1,986
1.10
4,919
4,201
719
1.10
6,338
5,763
575
1.08
6,529
5,504
1,025
1.05
6,798
6,159
639
' 205
89.3
4,503
3,434
78, 538
5,666
214
91.9
135,610 '133,157
37, 016
44, 457
12, 623
3,329
3,660
12, 944
15, 467
3,313
43
49
65
78
36
22
43
34
15
31
2G
18
40
15
50
59
37
44
27
35
31
42
40
51
51
.70
.27
.68
.26
.69
.26
.68
.26
.65
.26
1.772
1.535
1.535
1.535
1.139
1.114
1.040
1.040
1.05
14, 821
14,090
730
1.05
40, 900
40, 198
702
1.01
44, 989
44, 181
808
WOOL
Consumption of scoured wool:!
Apparel class
thous. of Ib—
Carpet class
.
do_ _.
Imports, unmanufactured
. do
Operations, machinery activity:
Combs:
percent of active hours to total reported
Looms:
Carpet and rug
do
Narrow
- .
-- do
Broad
do
Spinning spindles:
Woolen
-.
do
Worsted
-- - do
Prices, wholesale;
Raw, territory, fine, scoured
dol. per lb_Raxr, Ohio and Penn., fleeces.,— do
Suiting, unfinished worsted, 13oz. (at factory)
--dol. per yd_.
Women's dress goods, French serge, 54" (at
mill)
dol. per yd..
Worsted yarn, 32's, crossbred stock (Boston)
dol. perlb-.
Receipts at Boston, total
__thous. of Ib
Domestic _ _
do
Foreign
-- ,
do
Stocks, scoured basis, end of quarter, total
thous of Ib
Woolen wools total
do
Domestic
do
Foreign
, - _ .
do
Worsted wools, total
do
Domestic
do
Foreign
do
135
49
37
12
85
63
21
109, 487
48, 064
38, 823
9,241
61, 423
46, 825
14, 598
118,115
47, 890
38, 015
9,875
70, 225
54, 567
15,658
353 _ _ • _ - _ - _ _
893
711
182
460
820
640
3,036
4,029
5,847
139 423
46, 672
37, 835
8,837
92, 751
79, 520
13, 231
MISCELLANEOUS PRODUCTS
Buttons, fresh-water pearl:
Production
pet. of capacity..
Stocks, end of month
thous. of gross
Fur, sales by dealers f
thous. of dol
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of mo.. thous. linear yd_.
Pyroxylin spread.,
thous. of lb._
Shipments, billed.
thous. linear yd-.
22.4
6,840
1, 819
3,847
3, 757
'33.9
7,002
3,297
44.5
7,099
4,003
42.6
7,196
2,330
38.2
7,193
1,750
38.1
7,385
1,249
26.7
7,297
1,458
23.9
7,308
2,873
27.2
7,287
2,796
27.3
7,226
2,575
28.4
7,216
1,953
24.7
7,123
3,024
4,317
4,121
3,117
5,982
4,804
3,179
5,481
4,962
2,584
4,945
4,617
1,731
3,762
3,609
1,544
3,366
3,171
1,925
3,532
3,253
1,964
4,111
4,016
1,864
4,837
4,664
1,577
4,335
4,237
1.554
4,150
2,302
4,072
27.0
7,073
J> 3, 040
1,702
3,355
3,435
l
'Revised.
f Preliminary.
Data no longer available.
fRevised series. Data on finished cotton cloth beginning 1934, see table 31, p. 19 of the August 1937 issue. Due to change in the number of firms reporting, data begin
ning January 1938 are projected on the basis of identical mill reports. The identical mill report is available for production only, hence the stock figures cannot be carried
forward. For rayon deliveries, 1923-37, and stocks, 1930-37, see table 43, p. 20 of the October 1937 issue. For total visible supply of silk for period July 1930-December 1936,
see table 11, p. 20, of the February 1937 issue. Data on fur sales revised beginning January 1936; revisions not shown on p. 94 of the March 1938 Survey will appear in a
subsequent issue.
IData for July, October, 1937, and January, April, and July 1938 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
September 1938
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
55
1938
1937
July
July
DecemAugust SeptemOctober November
ber
ber
January
February
April
March
May
June
TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
Commercial (licensed)
Military (deliveries)
For export
._
number
do
do
do
AUTOMOBILES
Exports:
Canada:
Assembled, total
.
number
4,760
3,376
Passenger cars
_ __do
United States:
Assembled, total.. _ __
_ _ _ do __ 16, 443
9,222
Passenger cars
do
7,221
Trucks
do
Financing:
Retail purchasers, total
thous. of dol__
New cars
do.
Usedcar«_.
do
Unclassified
do
Wholesale (mfrs. to dealers) _.
_ __do
Fire-extinguishing equipment, shipments:
77
Motor-vehicle apparatus _
number.
29, 122
Hand-type.
___do
Production:
Automobiles:
9,007
Canada, total
„
do
5,273
Passenger cars
do
141,437
United States (factory sales), total. __do
106, 841
Passenger cars
do _
34, 596
Trucks
do___
Automobile rims
thous. of rims__
Registrations: 1
148, 900
New passenger cars
number
33, 476
New commercial cars
_
* do
Sales (General Motors Corporation):
78, 758
To consumers in U. S_
do
90, 030
To dealers, total.
do
61,826
To U. S. dealers
do
Accessories and parts, shipments:
75
Combined index.
Jan. 1925=100
60
Accessories for original equipment
do
100
Accessories to wholesalers
do
125
Replacement parts
do
89
Service equipment.
do_ _
402
296
69
37
456
306
83
67
396
271
82
43
327
169
97
61
248
56
116
76
300
95
149
56
213
67
116
30
231
64
99
68
283
94
128
61
8,097
5,478
8,778
5,570
3,969
2,376
4,055
2,358
3,040
2,878
3,551
2,066
4,884
2,733
7,282
4,875
7,609
5,416
4,095
3,014
5,253
3,588
5,795
4,433
34, 433
19, 275
15,158
28, 969
12, 086
16, 883
21, 404
6,181
15, 223
25, 679
17, 348
8,331
36, 109
24, 644
11, 465
50, 340
27, 590
22, 750
39,417
21, 800
17, 617
29, 586
17, 305
12 281
30, 492
16, 809
13, 683
25, 680
15, 757
9,923
19, 579
12, 127
7,452
16, 605
9, 564
7,041
165, 438
102, 919
81,845
674
167, 509
154, 578
95 373
58, 585
620
157, 199
124, 244
74, 210
49, 474
559
75, 140
103, 434
62, 185
40,712
536
130, 094
98, 001
58, 864
38, 652
486
157, 058
85, 558
49, 498
35, 629
431
135, 155
64, 320
32, 848
31, 02rt
447
78, 115
65, 214
32 913
31 895
405
70, 384
90, 673
45, 251
44, 874
548
87, 726
88, 177
47 520
40, 060
597
92, 661
88, 906
46, 617
41, 699
590
82, 781
86, 930
44, 388
42,014
528
71, 323
79
60,100
62
53, 035
79
40, 377
76
36, 931
70
31, 219
78
28, 424
53
27, 929
51
30, 208
67
33, 259
76
29, 532
73
30, 077
70
30, 991
17, 941
12, 513
438, 968
360, 400
78, 568
1,702
10, 742
5,814
394, 330
311, 456
82, 874
1,343
4,417
1,926
171, 213
118,671
62, 642
1, 470
8,103
7,378
329, 876
298, 662
31,214
1,890
16, 574
13, 793
360, 055
295, 328
64, 727
1,818
20, 652
14, 384
326, 234
244, 385
81, 849
1,121
17,624
13,385
209. 5C6
If 5, 505
54, 001
528
16 066
11,753
186, 523
139 380
47, 143
478
16, 802
12, 276
221, 796
174, 065
47, 731
854
18 819
14, 033
219,314
176 078
43, 236
971
18, 115
13, 641
192,068
154, 958
37, 110
706
14, 732
11,014
174, 667
136, 531
38, 136
527
357, 522
59, 451
300, 402
58, 681
225, 442
53, 116
197, 391
39, 433
190, 185
26. 924
174, 820
30, 912
T
185 925
34, 633
r
172 815
32, 197
153 005
30, 232
163, 818
226, 681
187,869
156, 322
188, 010
157, 000
88, 564
82, 317
58, 181
107, 216
166, 939
136, 370
117, 387
195, 136
153, 184
89, 682
160, 444
108, 232
63, 069
94, 267
56, 938
62 831
94, 449
63 771
100, 022
109, 555
76, 142
103 534
109, 659
78 525
92, 593
104, 115
71 676
76, 071
101, 908
72 596
148
153
116
164
127
141
140
118
164
131
149
149
128
164
148
160
176
147
154
130
156
174
136
121
110
119
114
126
98
81
96
93
96
102
94
88
83
99
107
92
103
97
118
117
108
101
94
116
119
112
89
82
102
108
101
84
74
99
119
93
170, 102
1,730
186, 225
lOi.9
37, 411
23, 952
13, 459
170, 409
1,732
188, 207
11.0
31, 123
19, 525
11, 598
170, 585
1,732
188, 032
11.0
24, 225
14, 155
10, 070
170, 791
1,732
186, 017
10.9
18, 231
9,725
8,506
171,085
1,735
184, 873
10.9
12, 511
5,463
7,048
170, 809
1,731
184, 249
10 8
7,904
2, 896
5,008
170, 876
1,731
197, 455
11 6
6,547
1,929
4,618
170 010
1 720
200 340
11 9
5 558
1 632
3 926
169, 780
1,717
201, 970
11 9
5,825
2,052
3,773
169 538
1,714
211 121
12 5
4 867
1 746
3 121
(i)
1, 711
225 534
13 4
4 484
(i)
(i)
168, 994
1,708
229 411
13 6
5 071
1,541
3 530
2,159
43, 602
8,406
14.7
82
143
283
248
35
2, 160
43, 600
6,326
14.5
77
89
252
220
32
2,160
43, 543
6,226
14.3
76
133
212
183
29
2,159
43, 488
6, 291
14.5
68
134
181
157
24
2,160
43, 482
6,214
14.3
79
85
156
130
26
2,162
43, 446
6,316
14.5
74
124
131
108
23
2, 158
43 347
6,672
15.4
46
143
110
91
19
2 155
43 228
6,911
16 0
28
148
101
83
18
2,156
43, 210
7,162
16.6
43
61
84
69
15
2 156
43 185
7,443
17.2
44
69
61
48
13
(i)
(i)
7,719
17 9
2 154
43 119
7,875
18 3
r
142, 322 r l!7
729 ••174,916
31, 338 r 26 965 '36,285
r
RAILWAY EQUIPMENT
(Association of American Railroads")
Freight cars owned and on order, end of mo.:
Owned:
Capacity
mills, of Ib
0)
1,705
Number
__ _ .thousands.
240, 572
In bad order
number
14 3
Percent in bad order
10, 234
Orders, unfilled
cars
Equipment manufacturers
_
do
0)
In railroad shops
do
0)
Locomotives owned and on order, end of mo.:
Owned:
Tractive effort
mills, of Ib
(')
(1)
Number
7,984
Awaiting classified repairs.
number..
18.6
Percent of total
(2)
Installed
number
Retired
__
_
do
(2)
6
Orders, unfilled
_
. d o
Equipment manufacturers
. do __
0)
(1)
In railroad shops
do
Passenger cars:
Owned by railroads
do .
(2)
(2)
Unfilled orders
_
_ do
(U. S. Bureau of the Census)
Locomotives:
64
Orders, unfilled, end of mo., totalf
do
Domestic
do
56
Electric
do ...
38
Steam
do
18
Shipments, domestic, total f._
do
27
Electric
. do
19
8
Steam
_
do
Industrial electric (quarterly) :
Shipments, total
_do
Mining use
_ do _.
(American Railway Car Institute)
Shipments:
Freight cars, total
. do....
357
Domestic
do
357
6
Passenger cars, total
.. do
6
Domestic
do
New orders:
Freight cars
LocomotivesPassenger cars
39, 587
256
373
333
79
254
48
15
33
362
321
89
232
37
15
22
320
279
73
206
40
14
26
37, 883
139
255
214
54
160
61
15
46
224
190
63
127
46
13
33
163
153
6,301
6,297
99
99
6,396
6,383
75
75
6,530
6,143
46
46
166
155
47
108
33
13
20
5,638
5 350
19
19
2 849
2 365
36
36
(i)
(i)
156
153
47
106
25
11
14
159
156
56
100
16
5
11
119
109
35
74
48
22
26
108
108
23
23
388
388
11
11
37
26
11
(2)
(2)
95
86
35
51
30
7
23
83
74
36
38
21
8
13
67
62
901
795
30
30
(2)
(2)
56
37, 841
140
112
105
6,434
6 434
39
39
(2)
(2)
88
81
55
26
19
7
12
78
73
260
10
o
Q
194
188
10
10
362
354
1
i
(Railway Age)
3
1,490
1,030
1,195
21
1,625
1 350
25
682
109
6 114
1 091
1
9
3
5
3
o
8
39
13
17
10
31
1
1
1
0
14
0
0
13
0
n
55
M
r
2
Revised.
i Quarterly only subsequent to April 1938.
„
^ MJ
^.
Discontinued
by _^v,.
reporting
source.
v^& w
t Revised series. Unfilled orders and shipments of locomotives (Bureau of the Census) revised beginning 1936; revisions not shown on p. 55 of the December 1937 Survey
will appear in a subsequent issue.
^Automobile registrations in the State of Wisconsin have not been included since June 1937.
do ..
do
do
56
SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1935, together with explanatory notes and references
to the sources of the data may be found in the
1936 Supplement to the Survey.
1938
September 1938
1938
1937
July
August SeptemOctober Novem- December
ber
ber
July
January
February
March
April
May
June
TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT— Continued
( U. S. Bureau of Foreign and Domestic Commerce}
Exports of locomotives, totalf
..number.
Electric f
do
Steam
_ _ _ _ _ _
_ do _.
INDUSTRIAL ELECTIUC TBUCKS
AND TRACTORS
Shipments, total
„ cumber..
Domestic
do
Exports
do
SHIPBUILDING
United States:
Vessels under construction, all types
thous. gross tons...
Steam and motor
do
Unrigged.
_„
do
Vessels launched, all types...
gross tons..
Powered:
Steam
do
Motor
do
Unrigged. .. _ _.
do
Steel
do
Vessels officially numbered, all types
gross tons.
Steel
do
World (quarterly):
Launched:
Number
ships
Tonnage.
thous. gross tons..
Under construction:
Number
ships. _
Tonnage,.
_
thous. gross tons
14
13
1
29
25
4
23
19
4
32
29
3
23
12
11
16
41
40
1
164
158
6
173
164
9
116
113
180
163
440
397
43
41, 268
319
280
39
13, 950
313
273
39
12, 984
316
273
24 19g
14' 654
2 486
40 656
7 550
114
6 28P
13 836
o
23,738
14 306
3
42
12
30
16
11
5
22
20
2
20
19
1
12
10
90
1
18
13
5
138
129
161
138
110
89
23
21
96
79
115
74
17
41
71
57
14
78
63
15
39
30
9
216
173
368
319
368
316
384
320
369
310
59
17, 015
423
379
44
22, 232
462
499
43
12, 185
19 050
' 700
2 482
17
9
294
250
263
218
45
45
15, 663
43, 546
7 033
39 302
8 309
4 675
12 875
8 318
15 351
7,679
3 269
24 275
18 889
43
312
52
12
10
43
48
43, 503
41, 305
25, 214
11, 190
338
900
136
503
19 348
11 146
10*811
40 355
23 935
o
3 000
7 654
3 894
43 546
37
3
2
43
1 979
25 914
7 690
11 190
9 703
10 357
10 972
113
5 930
16 902
92 032
9 107
400
9 578
11 885
38 120
31 732
44 081
23 109
29 725
21 491
36 632
33 530
29 926
24 798
14 354
6 246
57 309
43 845
34 453
93 664
350
291
676
500
41 248
31 793
63
10, 357
o
269
774
235
626
788
763
2 902
2 WO
827
2 895
CANADIAN STATISTICS
Physical volume of business:
Combined index...
1926=100__
109.1
112.4
110.7
103.3
108.8
121.4
126.5
123.4
123.8
111.8
106.7
127.4
127.9
Industrial production:
Combined index
„ do _
109 8
127 5
112 5
109 9
113 5
107 4
125 2
130 9
127 2
132 6
114 2
110 2
133 5
r 49 4
r 57 4
51.4
Construction!
-- do
50 2
36 5
53 4
63 7
48 4
52 6
55 6
47 9
48 5
53 7
212. 3
Electric power
do
210.2
222.5
226.9
209.8
219.7
231.1
230.2
215.9
231.8
233.7
224.3
212.6
Manufacturing
_
do _
101.3
101 3
127 2
103 3
122 9
103 2
101 8
108 6
120 5
121 4
133 6
132 4
104 7
Forestry
..
do
101.4
127 5
100 4
111 3
91 9
96 7
109 7
135 1
139 2
153 3
103 2
136 7
133 8
Mining
do
192.1
199.4
179.1
203.8
176.6
188.8
183.8
215.3
195.7
212.3
186.9
212.7
207.9
Distribution:
107.0
Combined index
do
105.5
105.5
104.7
106.7
104.5
113.0
110.5
113.6
112.2
107.2
111.8
112.3
79 5
75 0
Carloadings
.
do
71. 5
68 7
77 2
75 0
71 8
84 4
85 8
85 1
71 4
82 7
77 0
104. 3
Exports (volume)
do
96 9
91 8
80 4
80 3
81.9
102 7
103 9
96 7
86 4
108 1
115 6
97 8
97 5
79 §
Imports (volume)
do
79 8
79 1
84 8
79 6
90 3
88 2
81 7
101 6
108 4
97 9
110 8
139 3
Trade employment
. . . do
132. 1
130 4
133 4
134 1
130 6
132 9
135 1
133 3
130 9
132 4
131 8
133 8
Agricultural marketings:
40.3
Combined index
_,
.. do _
41 1
20 6
25 7
29 7
37 6
35 5
57 2
86 1
55 3
38 3
57 6
45 7
17 4
29 7
Grain
do
14 0
29 8
8 2
26 2
79 3
54 8
31 0
34 1
26 6
49 3
43 4
Livestock
_
do
87.3
72 7
72 5
75 9
84 5
77 8
77 1
92 6
131 0
121 1
116 4
93 0
70 7
Commodity prices:
84.2
Cost of living
do
84 1
83 9
84 3
84 1
84 3
84 2
84 2
84 2
83 1
84 2
83 6
83 7
78.6
Wholesale prices
.
- ... do
83 6
82 7
82 3
83 8
85 0
84 7
80 3
80 1
83 1
87 6
83 1
85 6
Employment (first of month):
113.4
111.9
110.4
107.4
107.8
113.5
105. 0
Combined Index
_ _ _ _. do
125 2
125.7
121 6
123 2
119 1
120 0
124. 9
114 5
71.4
Construction and maintenance _ _ do _
81.9
71.6
104 2
71 6
128 5
131 7
144 5
144.3
139 8
111 8
112 3
110 3
Manufacturing
do
121 2
121 7
no 5
116 3
108 6
110 6
119 0
110 8
119 0
118 1
154. 5
Mining
do
154.3
163.9
153.9
149.7
153 3
162.3
155. 2
159 1
151 3
161. 1
153 6
153.7
146. 1
128.4
135 3
132 5
127 1
131 9
Service
do
131 0
130 6
146 6
135 4
129 8
141 7
137 5
127 1
133 3
Trade
do
127 9
131 3
131 5
141 7
126 0
133 4
137 0
139 6
132 2
130 9
133 4
Transportation
. _ _ _ _ _ do
86.3
84 9
84 1
79.6
82 0
79.0
89 7
90.4
78 5
83 9
87 2
89 4
89 1
Finance:
Banking:
2, 466
2,445
2,176
Bank debits
_.
mills, of dol_
2 371
2 462
2,731
2,734
3,081
2 926
2 401
2 721
2,906
2 613
69.3
Interest rates
. 1926=100
69 7
65 3
71 2
67 2
65 3
68 5
71 8
72 7
73 1
73 1
72 2
Commercial failures _
number..
Life insurance sales, new paid for ordinaryf
thous. of dol__ 30, 126
31, 204
30, 342
38, 312
36,908
30, 606
27, 514
29, 981
35, 120
32, 796
32,364
33,762
28, 274
Security issues and prices:
73,511
New bond issues, total
._ _
do „
84,429
159,
323
196,
694
58
128
210
457
54,
273
51
861
65
642
50
744
109 763
3.20
3.32
3.41
3.34
3.44
3.28
3.22
3. 13
3.13
Bond yields, Ontario Government percent. .
3.48
3.50
3.50
3.46
106.9
107.1
118.9
100.0
99.2
Common stock prices
1926=100..
103.7
107.7
103.1
97.9
99.7
133 0
135.2
105.8
Foreign trade:
78, 720 100, 142 103, 339
78,486
72, 234
60, 981
78, 308
75, 112
72, 791
Exports, total
thous. of dol.
95, 216 103,684 107, 818
56, 253
55, 823
46, 952
67 123
70 240
82, 113
65 056
48 895
58 947
Imports
do
49 720
80 641 53, 125
71 996
69 966
Exports:
6,636
7,194
2,839
7,248
7,275
14, 542
3,487
1,618
3, 371
Wheat
..thous o f b u _ _
5,903
6,545
10,055
8,603
272
283
302
297
300
406
338
296
307
185
336
Wheat
flour
thous. of bbl..
289
335
Railways:
180
183
204
187
190
Carloading
thous. of cars..
187
262
200
185
235
231
260
219
Financial results:
23, 316
25, 445
24, 362
25, 925
25, 192
30, 585
28,969
32, 882
34, 781
29,211
Operating revenues.
thous. of dol__
29, 405
25 165
24 186
23, 51 * d24,211 d23, 442
26 381
26,063
24, 112
24, 059
26,546
Operating expenses
do
26 938
d
<*136
5,199
374
96
1, 305
5,390
4,007
1,019
7,577
Operating income
. do
1,092
1 811
Operating results:
1,841
2,544
2,235
1,798
2,739
1,976
2,023
3 149
2,218
Freight carried 1 mile
mills of tons
2 233
2 360
178
138
128
137
149
142
148
119
212
205
Passengers carried 1 mile
mills, of pass..
187
Production:
Electrical energy, central stations:
2,204
2,082
1,973
1,988
2,064
2,415
2,280
2,365
2,258
2,058
mills, of kw-hr._
2,458
2,188
2,198
64
75
76
81
66
61
51
81
81
66
75
Pig iron
thous. of long tons..
80
109
98
112
119
116
115
99
84
115
115
111
123
127
Steel ingots and castings .-„_ __
do
794
978
921
1,438
999
969
849
1.449
1,011
1,489
Wheat
flour
thous. of bbl-..
1,043
1,087
* Deficit
fRevised series. For revised data for period 1930-37 on new paid for "Ordinary Life Insurance Sales" in Canada, see table 37, p. 19, of the September 1937 Survey. For
revised Canadian construction index for 1937 see p. 56 of the July 1938 issue. Exports of electric locomotives revised to include mining and industrial locomotives. Revisions
beginning with January 1921 will be shown in a subsequent issue.
INDEX TO MONTHLY BUSINESS STATISTICS
CLASSIFICATION. BY SECTIONS '
CLASSIFICATION,
ttnllMlt
'«IS-iL
' '•'< " "'i'
—^-^*^^r"*
****-'^<**—'"***'*r-"-., 51
.f)~i
MA~*-rfM.
Page
' . Dairy products
23,41,42
Debits, bank
32
Debt, United States Government
34
Delaware, employment, pay rolls
29, 30
Department-store sales and stocks
27
Deposits, bank
_
32
Disputes, industrial
29
Dividend payments
_
36
Earnings, factory
31
Eggs..
23,44
Electrical equipment
50
Electric power, production, sales, revenues
41
Electric, street railways
37
Employment:
Cities and States
28, 29
Nonmanufacturing
29
Emigration
38
Enameled ware
.
48
Engineering construction
24
Exchange rates, foreign
33
Expenditures, United States Government
34
Explosives
39
Exports
„
37
Factory employment, pay rolls
27, 28, 29, 30
Fajrchild's retail price index
23
'Fares, street railways
.
37
Farm employees
29
Farm prices, index
23
Federal Government,
finances
34
FederaL-aid highways
25, 29
, Federal Reserve banks, condition of
32
Federal Reserve reporting member bank
Statistics
32
Fertilizers
39
Fire-extinguishing equipment
55
Fire losses
1
25
FisJi bile and fish
39, 44
Flaxseed
_
40
Flooring, oak, maple, beech, and birch
47
Flour, wheat
43
Food products
23, 28,30,41
Footwear
_
46, 52
Foreclosures, real estate
25
Foundry equipment
49
Freight cars (equipment)
55
Fjreight carloadings, cars, indexes
38
Freight*car surplus
~ 38
Fruits22, 23, 42
Fuel equipment
49
Fuels...
-_
45, 46
Furniture
47
Ga», customers, sales, revenues
41
Gas and fuel oils
.
45
Gasoline
45, 46
; Gelatin, edible
44
General Motors sales
55
Glass and glassware.
22, 28,30,53
Gloves and mittens
46
Gold,___
33
Goods in warehouses
26
Grains
_- 23,24,35,42,43
Gypsum
53
Hides and skins
24, 46
Hogs
43
Home loan banks, loans outstanding
25
Home Owners' Loan Corporation
. 25
Hosiery
..._
_
53
Hotels
---29,30,38
Housing
23
Illinois, employees, factory earnings
29, 30, 31
Imports)
37
Income-tax receipts
34
Income payments
22
Incorporations, business
. 26
Industrial production, indexes
22
Installment sales, New England
... 27
Insurance, life
33
Interest rates
32
Iron, ore, crude, manufactures
22,48
Kerosene
46
Labor, turn-over, disputes
29
Lamb and mutton
43
Lard^-43
Lead.
22, 50
Leather*
_. 22, 24, 28, 30, 46
Leather, artificial
_ 54
Linseed oil, cake, and meal
_
40
Livestock
22,23,43
Loons, agricultural, brokers', real estate
31, 32
Locomotives
55, 56
Looms, woolen, activity
54
Lubricants
,
46
Lumber
24,27,28,47
Lumberyard sales, stocks
47
Machine activity, cotton, wool
54
Machine tools, orders
49
Machinery
27,28,30,49,50
Magazine advertising
26
Manufacturing indexes
22
Marketings, agricultural
22
Maryland, employment, pay rolls
29,30
Massachusetts, employment, pay rolls
29, 30
Meats.*
22, 43
Metals..
24, 27, 30
Methanol
39
Mexico, silver production
34
Milk__.
—. 42
Minerals-.
22,29,30,45,50
Money in circulation
... 33
Page
Naval stores
39
Netherlands, exchange rates
«.
33
New Jersey, employment, pay rolls
29, 30
Newsprint
52
New York, employment, pay rolls, canal
traffic
29, 30, 38
New York Stock Exchange
35, 36
Oats
42
Ohio, employment
29
Ohio River traffic
.
38
Oils and fats
39, 40
Oleomargarine
40
Paints
40
Paper and pulp
23, 24, 28, 30, 51, 52
Passenger-car sales index
26
Passengers, street railways, Pullman
38
Passports issued
38
Pay rolls:
Factory
29, 30
Factory, by cities and States
30
Nonmanufacturing industries
30
Pennsylvania, employment, pay rolls
29, 30
Petroleum and products. __ 22, 24, 28, 29, 30, 45, 46
Pig iron
48
Pork
43
Postal business
26
Postal savings
32
Poultry
23, 44
Prices:
Retail indexes
23
World, foodstuffs and raw material
24
Printing
28, 30, 52
Profits, corporation
34
Public utilities.
29,30,36
Pullman Co
38
Pumps
49
Purchasing power of the dollar
24
Radiators
48
Radio, advertising
26
Railways, operations, equipment, financial
statistics
38,55,56
Railways, street
37
Ranges, electric
50
Rayon..,
54
Reconstruction Finance Corporation, loans
outstanding
„ 34
Refrigerators, electric, household
„ 50
Registrations, automobiles
55
Rents (housing), index
23
Retail trade:
Automobiles, new, passenger
26
Chain stores:
5-and-10 (variety)
26,27
Grocery
26
Department stores
- 27
Mail order
„ 27
Rural general merchandise
. 27
Roofing
40
Rice
. 42
Rubber, crude, scrap, clothing, footwear;
tires
22, 23, 24, 28, 30, 52
Sanitary ware
48
Savings deposits
„
32
Sheep and lambs
43
Shipbuilding
28, 30, 56
Shoes
24, 28, 30, 46
Silk
_
23, 24, 54
Silver
_
22, 34
Skins
46
Slaughtering and meat packing
22
Spindle activity, cotton
54
Steel, crude, manufactures
22,48,49
Stockholders
36
Stock indexes, domestic and world
... 23
Stocks, department stores
27
Stocks, issues, prices, sales
36
Stone, clay, and glass products
28, 30, 53
Sugar—
23, 24, 44
Sulphur
39
Sulphuric acid
,
39
Superphosphate
39
Tea
23, 24,44
Telephones and telegraphs
38
Terneplate
50
Terra cotta
53
Textiles, miscellaneous products
54
Tile, hollow building
53
Tin
_
23, 24, 50
Tobacco—
22, 26, 28, 30, 44
Tools, machine
,
... 49
Trade unions, employment
„— 29
Travel
_
— 38
Trucks and tractors, industrial electric
56
United States Government bonds
35
United States Steel Corporation
31, 36, 49
Utilities
29, 30, 34, 35,36, 41, 55
Vacuum cleaners
50
Variety-store sales index
26
Vegetable oils
39, 40
Vegetables—
23, 42
Wages
31
Warehouses, space occupied
26
Waterway traffic..
38
Wholesale prices
23, 24
Wire cloth
51
Wisconsin, employment, pay rolls
29, 30, 31
Wood pulp
51
Wool
54
Zinc
22, 50
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