MAY 1935 SURVEY OF CURRENT BUSINESS
UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON
VOLUME tS NUMBER 5 INDEX OF NEW SERIES OF DATA ADDED IN THE SURVEY OF CURRENT BUSINESS SINCE THE PUBLICATION OF THE 1932 ANNUAL SUPPLEMENT-Concluded from March 1935 issue [NOTE.-Where data are available for period earlier than shown, the date in parentheses indicates when series started!
Series Period for which series was published Issue and page
Finance-Continued. , Interest rates-Federal land bank•------~ January 1917-December 1934------April1935, p. 20. Net gold imports (or exports) including changes and earmarked gold _____ January 1923-0ctober 1932------December 1932, p. 20. Reconstruction Finance Corporation, loans outstanding ______February 1932-June 1933_ ~------August 1933, p. 20. Bond prices, United States Government bonds------June 1917--December 1932------June 1933, p. 20. Yield on 91-day United States Treasury bill•------December 1929-1\IIay 1934------January 1935, p. 20. Yield on 182-dayUnited States Treasury bills------February 1934-0ctober 1934------December 1934, p. 34. Average yield on United States Treasury bond•------Janaary 1926-May 1934------August 1934, p. 20. Foreign trade------August 1933-August 1934------March 1934, p. 24. Imports for consumption.------March 1933-March 1934------June 1934, p. 34. Transportation and communications: Airplane travel, passengers carried and passenger miles flown ______I Annual 1926-1930, monthly July 1931-November February 1934, p, 20. 1933. Airplane travel, miles flown and express carried------1 Annuall926--1930, monthly July 1931-Qctober 1934. January 1935, p. 19. Chemicals and allied products: I Industrial alcohol (withdrawn, tax paid).------January 1925-December 1934.------April1935, p. 20. MethanoL------____ ---- January 1930-December 1932 ______• _. ___ • __ April1933, p. 20. Explosives_------January 1920--0ctober 1934------January 1934, p. 19, Wholesale price vegetable compound------January 1926-November 1933------January 1934, p. 18. Pyroxylin sheets, rods and tubes~------January 1931-0ctober 1932------January 1933, p, 19. Cellulose plastic product•------January 1933-0ctober 1933------December 1933, p. 38, Electric power and gas: Manufactured and natural ga•------1 January 1929-December 1932.------May 1933, p, 19. I Foodstuffs and tobacco: Fermented malt liquors------__ ------____ ---_ April 1933--April 1934______• __ ---- _ ------June 1933, p. 39, D:stilled spirits ______------July 1933-March 1934. ----·------__ ---- ____ _ June 1934, p. 39. Rectified spirits _____ ... _ ...... _ ...... ----...... __ ...... ---_ ... _ ...... _ ...... _ ...... January 1934--January 1935. __ ------______·----- March 1935, p. 39. Butter, apparent consumption ...... January 1917-January 1932------ June 1933, p. 19. MHk receipts in New York CitY------January 1930-II.1ay 1934 ••• ------August 1934, p. 20. Barley, wholesale price in Minneapolis ______July 1934-0ctoher 1934. ______• ______------. December 1934, p, 40. Barley receipts ...... ---- ... ------·------...... ------...... September 1920-0ctober 1932------ November 1932, p. 20, Rye receipts ...... ___ ...... -----...... ----...... September 1920-0ctober 1932------November 1932, p. 20. January 1917-0ctober 1932 ______• ------November 1932, p. 20. E;~~~~~fe~~f,P~-ce::: :::::::::::::::::::::::::::::::::::::::::::: Janua.!'y 1!.:.:26-November 1933 .. ______January 1934, p. 18, Receipts of refined sugar at Hawaii and Puerto RicO------ ,Tanu3ry 1928-June 1934------August 1934, p. 20. Imports of refined sugar from Cuba------ J·muary 1930--May 1934. ______-----_. ____ • ____ • August 1934, p. 20, Imports of refined sugar from the Philippine Island•------May D34-June 1934 ______• ___ •• ---. _ --- _ •• ---- August 1934, p, 42. Fuels and byproducts: l Gas oils and distillate fuels------January 1930-November 1932.·------February 1933, p, 20. Residual fuel oils. ____ ------____ .---_ January 1930-November 1932. _. ---•• __ --- __ • ---- February 1933, p, 20. Leather and products: Leather pro,-Iuction------January 1925-December 1932 (January 1922) ______June 1933, p. 19. Visible supply of all cattle hides and leather•------January 1912-September 1934 __ ------January 1925, p. 19. Leather gloves and mitten•------·------July 1934-November 1934------February 1935, p. 45. Lumber and manufacturers: Lumber export•------January 1919-0ctober 1932 (January 1913) ______November 1932, p, 20. Activity in the furniture industry (all districts>------Aprill933-April 1934 (January 1931)------June 1933, p, 45. Metals and manufactures• Iron and steel import•------January 1919-0ctober 1932 (January 1913) ______November 1932, p. 20, Iron and steel composite price------January 1929-November 1934------January 1935, p. 19. Malleable casting•------January 1926-February 1932.------Aprill933, p. 20. Convection type radiator•------January 1932-August 1932------December 1932, p. 46. Convection type radiators, new series superseding former new series ______March 1932-March 1933 (January 1932) ______May 1933, p. 46. Bathroom accessories------January 1931-December 1932------April 1933, p. 19. Bathroom accesso:riesl ______------January 1932-June 1933 __ .. _ ...... ------__ June 1933, p. 20. Wholesale price, plumbing and heating equipment______Jo.nuacy 1926-November 1932.------January 1933, p. 20. Shipments of finished steel products, United States Steel Corporation_____ JanCI&r:r 1930-November 1933. _ ------January 1934, p. 18. Production of tin and terneplate------January 1922-0ctober 1932------December 1932, p. 20. Mechanical stokers------January 1931-0ctober 1932------January 1933, p. 19. Machine tools and forging equipment, new orders.------January 1919-July 1934·------July 1934, p. 20. Tin consumption in production of tin and terneplate ______January 1922-0ctober 1932.------December 1932, p. 20. Vacuum cleaners (hand type)------January 1929-May 1934------August 1934, p. 20. Plumbing brass, new series superseding former new series------October 1931-0ctober 1932 (July 1931) ______December 1932, p. 49. Paper and printing: Wood pulp (mechanical and chemical) •• ------Janl!ary 1934-January 1935·------April1935, p. 50. Paperboard ______------·------___ January 1921-September 1933 __ ------__ ---- __ December 1933, p. 19. Paperboard shipping boxes ______, ______January 1934-September 1934 •. ------December 1934, p. 51. Rope paper sacks~------1 April1932-April 1933 (January 1930}------May 1933, p. 50. Rubber and rubber products: Total shipments, rubber heels------I October 1931-September 1932 (January 1923)______December 1932, p. 51. Total shipments, rubber soles------~ Octoher 1931-September 1932 (March 1925) ______December 1932, p. 51. Stone, clay, and glass products: Face brick------January 1929-December 1933------June 1933, p. 20. Illuminating glassware.------October 1931-0ctober 1932------December 1932, p. 52. Gypsum------Quarterly March 1930-September 1932·------January 1933, p. 20. Textile products: Hosiery t ______------_ .. -- _ .. _ January 1931-December 1932------April1933, p. 19. Hosiery (Code Authority) ______------__ ------July l\J33-April1934 ______July 1934, p. 53. Cotton-cloth finishing __ ------___ ------_ December 1933-April1934 ______June 1934, p. 54. Silk spinning spindles ______.. ------_---- December 1933-May 1934 ___ ------July 1934, p. 54. Silk piece goods ______------. __ ------.-- January 1923-December 1934------Aprill935, p. 19. Wool, foreign receipts at Boston ______January 1934-0ctober 1934.------December 1934, p, 54. VVoolstocks------~ Quarterly Jtme 1934-September 1934 ______December 1934, p. 54. Transportation eq~ipment: . . New commerctal-car regtstrations ______------_ January 1925-November 1933------February 1934, p. 20. Shipments of parts and accessories (total)------January 1925-November 193:>------February 1934, p. 20, Canadian statistics: I January 1921-December 1929 •• ------February 1933, p. 18. January 1922-June 1933·------October 1933, p. 20. ~I}~I~~~{~!JE~~r~;~ ~ ~ ::::::::::::::::::::::::::::::::::::::::::::: January 1929-December 1932 •• ------February 1934, p 20.
1 Since discontinued. UNITED STATES DEPARTMENT OF COMMERCE DANIEL C. ROPER, Secretary BUREAU OF FOREIGN AND DOMESTIC COMMERCE CLAUDIUS T. MURCHISON, Director
SURVEY OF CURRENT BUSINESS
Prepared in the DIVISION OF ECONOMIC RESEARCH
H. GORDON HAYES, Chief M. JOSEPH MEEHAN, Editor
Volume 15 MAY 1935 Number 5
CONTENTS
SUMMARIES AND CHARTS STATISTICAL DATA-continued Page Business Indicators...... 2 Monthly busines statistics-continued: Page Business situation summarized...... 3 Commodity prices... . • • • • • . . . • • ...... • ...... 23 Comparison of principal data, 1931-35...... 4 Construction and real estate..... • • • • • . • . • ...... 24 Commodity prices.... . • . . • • • • • • • • . . . • • . • • • • • • • • • • . . • . • • • . . . • . . . • . • • 5 Domestic trade...... 25 Domestic trade...... 6 Employment conditions and wages...... 27 Employment...... 7 Finance .•...•••.•••...••••...•..•••.•...•...... 30 Finance...... 8 Foreign trade...... • . . . • . • • • . • . • • . . • . • ...... • 34 Foreign trade...... 9 Transportation and communications...... 35 Real estate and construction. . . • • . . • • • . • . • . • • • • • ...... • • 10 Statistics on Individual industries: Transportation...... 11 Chemicals and allied products...... 36 Survey of individual industries: Electric power and gas...... 39 Automobiles and rubber...... 12 Foodstuffs and tobacco. . • . • • • . • ...... • ...... 39 Forest products...... 13 Fuels and byproducts...... 43 Iron and steel. . • . . . . • ...... • ...... • • . • . . . • ...... • 14 Leather and products...... 44 Textiles...... • ...... • ...... • . • . • ...... • ...... • • • 15 Lumber and manufactu~es...... 45
SPECIAL ARTICLE Metal and manufactures: Iron and steel...... 46 Developments in the chemical industry ...... • • • • . • . . . . • . . . . • . • . • 16 Machinery and apparatus...... 48 Nonferrous metals and products...... 49 STATISTICAL DATA Paper and printing...... • ...... • ...... • • 50 Rubber and products...... 51 Revised series: Stone, clay, and glass products...... 52 Gas; manufactured and natural, customers, sales and revenues. 19, 20 Textile products...... 53 Weekly business statistics through April27...... 21 Transportation equipment...... 55 Canadian statistics.. • . • . • . . • • • . . • • . • . . • • ...... • . • ...... • • • 56 Monthly business statistics: Business indexes...... 22 General index ...... Inside back cover
Subscription price of the SuRVEY OF CuRRENT BusiNESS is $1.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents~ Foreign subscriptions, $3, including weekly supplements. Make remittances only to Superintendent of Documents, Washington, D. C. 131230-35-1 1 2 SURVEY OF CURRENT BUSINESS l\Iay 1935
Business Indicators 1923-25 = 100
INDUSTRIAL PRODUCTION 160.-----.------.----~~~~~----.
I MA.\'UFACTURES 0 1OO .\f/NERALS 0._A...:dJ_·us_ter-d)'----f FACTORY EMPLOYMENT AND PAYROLLS CONSTRUCTION CONTRACTS AWARDED 160 200 FREIGHT CAR LOADINGS L C. L. 160 WHOLESALE PRICES 16o.-----.-~~~~~~r-~~.------, VALUE OF EXPORTS 200 I 100 ---... Adjusted,.._- - 0 ' I I I 111 ,I I BANK DEBIT$ OUTSIDE NEW YORK CITY 200 0 ADJUSTED FOR SEASONAL VARIATION *REPORTING MEMBER BANKS 0.0. 833.:1. May 1935 SURVEY OF CURRENT BUSINESS 3 Business Situation Summarized USINESS activity has been maintained during Retail sales in March increased, after allowance B April close to the level reached during the first for seasonal factors and Easter influences. Depart quarter. Most of the major production and distri ment store, rural general merchandise, and automo bution series for the first 4 months of the year have bile sales all recorded si:;mble gains in comparison shown gains over the corresponding period of 1934 with February. and while the increase in the aggregate has been A further increase in employment occurred in modest, individual industries and lines of trade have March, accompanied by an expansion in pay rolls. recorded substantial gains. The construction industry Factory employment in the first quarter averaged continues to lag, notwithstanding the improvement in 4.5 percent higher than in 1934, while factory pay the residential building field. rolls were 14 percent higher. In April industrial output declined in comparison While the wholesale commodity price index has re with March, according to the available weekly data, cently advanced above 80 percent of the 1926 average, whereas there is usually very little change in the 2 this has been due to the continued rise in the prices of months. The trend has been influenced by the cur farm products and foods. Farm prices are substan tailment in the cotton textile, steel, and coal industries tially higher than a year ago and the rise has been among others. Automobile production continued to responsible for holding cash farm income from agri increase during April. Preliminary estimates of cultural marketings during the first quarter at the 1934 United States automobile production for that month level, despite the drop in the quantity movement. forecast an output in the first 4 months of the year Stock prices since the middle of March have re in excess of 1,500,000 units, a higher figure than the covered the ground lost since the end of 1934. New output for the entire year 1932. security issues have been put out in increasing volume Industrial production during March was only in recent weeks due to major refunding operations; slightly below February, the seasonally adjusted the amount of new capital obtained has remained very index receding 1 point to 88 percent of the 1923-25 small. Bank loans outstanding have not expanded, average. First quarter production was 10 percent despite the large volume of loanable funds, the high higher than in 1934; with April included the gain level of excess member bank reserves, and the prevail over a year ago was somewhat smaller. ing low interest rates. MONTHLY BUSINESS INDEXES IFat'tory em- II 1 Department Foreign II: II - Industrial production II ployment II Freight-car loadings I' store sales, 1 trade, value, z 1 ~~ 1 and pay rolls,, value 1 adjusted' 1 .,., S 1 ~U~na-d-Ju-s~te~,~~-~~~-u-st-ed-,--:1 ~~ f ~ ! Total 1\ M::,ce~~~: i l ~~~---- it: I~~ S~ Q.e~ ! ::-.a; I------~-~-~~ I , I §o I ~:: ~~ I ! I ~ ' - I ...... I ~ I - ,, ~ ~~ .,.:.~ I =or i. a Year and month , = ~ , ! = ,.e; I ] I , ~ , II "" I i~ Q = a I "t ~ I ~ ! .!J I ~:;' I !:c' I fll ; i ~ ; : ~ ; I ~ II t'! .!: 8 I ~ -; li .!! I ~ ~ d I =~ I = ~ I ~ I .:s I ;, ~ i ~ -= ... . .5 ~ ~ -; I § ~ -; I § i ~ !I si I § = I =: = II =: = I =: = I' i & .:.1 i =~ ~ "Eo I ::;:"' ::;:s "Eo I;i ::;:"' I' ::;:s II z= I, ~e :;;;,= I :;-~ ' ....-E ' ::;-~ I ..-E II ::;-~ ,I ~ ...e ..~ ',, ....,~~ ....= ------~--~-~~~~~~~~~~~~~~~--~~~~--~--~~~~~~~-II~M•o-~nt~h'l~y Monthly average.l923-25=100 average, -----'"-·~--,;-~----,~~-,---~--,-~-ll=19,26:c'--=-=1=00 1051 107 112 II 1281 107 142.4 121 96. 1 ~~~?: m~~ -=--~:::: -:~6~8, iii\- i~~-- -~~i'-~£~ --;~--~~~ ~~~-~~·fl-~iu II - ~~- --~~&III--I~! 100 93 107 96 84 12fi. 6 10~ uo. 2 89 92 97 62 6!i 98.4 77 7ft 0 1932,March______66 78 67 64 85 68.4 53.1 5S 61 I 75 75 6\J 72 I 40 37 69. () 2G ti!l.O 1933,March ______60• 58 74 59 56 81 58.9 37.1 48 50 63 62 50 57 28 26 48.7 H 60.2 1934: March______86 85 91 84 82 100 81.0 64.8 63 66 67 66 73 78 50 44 71.4 33 73.7 ApriL______88 89 81 85 85 90 82.2 67.3 60 62 67 65 73 74 50 42 72.4 32 73.3 May______89 89 87 86 86 89 1 82.4 67.1 63 63 67 65 77 77 45 47 71.5 26 73. 7 June ______84 83 87 83 83 87 81.4 64.9 64 6·! 65 65 70 74 50 44 74.8 26 74.6 July------73 7l 85 76 74 85 79.4 60.5 63 61 64 65 51 731 48 43 70.5 27 74.8 1 65 60 77 49 39 68.0 27 76.4 65.3 29 77.6 ~~Jt~~ber~=~====:: ~7~5 ' ~A ~~ ~j ~~ ~g ,. ~U ~~: ~ II_ 63 ~~ ~~ October______73 87 73 72 81 76.7 61.0 ~~I 57 66 73.3 31 76.5 November______741 73 84 74 73 81 76.7 59.5 60 59 65 H 68.0 31 76.5 1 ~~ n :~ i~ December______78 77 85 86 86 89 78.9 63.2, 56 64 62 66 135 78 1 43 41 79.6 31 76.9 1935 lanuary ______j ~s ~~ Si 9! 90 90 9! / 80.5 64. I !I liS 64 61 65 59 741' 45 51 76.4 27 78.8 February______91 91 89 88 \!6 1 81. V t\9, I l1 61 65 03 G5 61 75 47 48 66.8 28 7H. f1 9 1 3 March______90 I 91 89 8S 86 96 'I 82.4 70.811 62 65 65 so. 26 79.3 Monthly aYemge, Jan- nary through March: i I 1\13:L______G3 61 63 ------60.6 38.9 I 50~------61 54.2 60.3 1~:14______S211 81 91 ------~------~------' 78.2 5\1.81' 61 ------Gil 66.0 ~~ 7:l.2 1935______90 i 90 91 ~------~------1 81.6 i 68.0 60 ,------,1 63 ::: I ;; ::::":1, ;; 7!.5 27 79.2 ~ ~ I I 1 AdJusted for number of working days. t Adjusted for seasonal variation, 4 SURVEY OF CURRENT BUSINESS May 1935 Comparison of Principal Data, 1931-35 FIRST 3 MONTHS rzz;T/ZZ) REMAINDER OF YEAR BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS) 0 50 100 150 200 250 1935 1934 1933 1932 1931 CONSTRUCTION CONTRACTS AWARDED- (BILLIONS OF DOLLARS) 1 2 3 4 5 1935~ 1 I 1934 '///////////J 1933 ~///////////A 1932 ~///////////A 1931 //////////////////~/////,C:: -ji STEEL INGOT PRODUCTION - (MILLIONS OF TONS) 0 10 20 30 40 50 1935 I 1934 '///////~ /////ilL////] 1933 ~////////////~ ////////A 1932 /////~ '///A I 1931 '/. ////~////////////~ AUTOMOBILE PRODUCTION- (THOUSANDS OF CARS) 0 1000 2000 3000 4000 1935 1934 '////////// '//////////////////--1 1933 /////////////////////1 1932 '//////////////1 1931 '//////////////P/////////--1 FREIGHT CAR LOADINGS - (MILLIONS OF CARS) 0 10 20 30 40 1935 I l I I 1934 ////////////////////////////////'1 1933 '////////////////////////////////A 1932 /////////////////////////////A 1931 '////////////// /////////////~ '/////// '//A D.O. 833.3 May 1935 SURVEY OF CURRENT BUSINESS 5 Commodity Prices HE wholesale price index of the Bureau of Retail prices of general merchandise, according to T Labor Statistics rose during each of the 4 weeks the Fairchild index, on April 1 (March in the ac ended April 20, reaching 80.3 percent of the 1926 level companying table) were 0.4 percent lower than on in the latter week. This is the first time since the March 1. Since April 1, 1934, this index has de final quarter of 1930 that this index has been above 80. clined every month with the exception of 2 months, The recent increase, as well as the increase during when it remained unchanged. The decline for the 12 the past 12 months, is due to the rise in the prices of months has amounted to 3.7 percent. On April 1, 16 farm products and foods. The index of all com of the 26 group items in this index were lower than modities other than farm products and foods has on March 1, 8 were higher, and 2 were unchanged. remained practically unchanged for the past 4 weeks The cost of living of wage earners, as reported by at approximately 77.3 percent of the 1926 level, and the National Industrial Conference Board, was un since last April has declined by 1.5 points. Prices of changed in March as compared with February, the farm products have risen 5.4 percent during the past rise in rents being offset by the decline in the prices 4 weeks and the prices of foods 5.2 percent, and are of food, clothing, and coal. The index for March was now 37 percent and 28 percent, respectively, above a 5 percent higher than in March 1934, and 17 percent year ago. lower than in .March 1929. Hents were 7.6 percent Retail food prices increased 2 percent during the higher than in March 1934 and the price of clothing 2-week period ended April 9, after remaining un 2.2 percent lower. Coal prices and the cost of sundries changed in the previous reporting period. During the were 1.1 percent and 0.9 percent higher, respectively, 4 weeks ended April 9, eggs alone of the six groups than a year ago. declined in price. The index at 124.1, on the basis of Farm prices wore somewhat higher in mid-April 1913 prices as 100, is 7.1 percent higher than on than a month earlier. Butter, livestock, grains, and January 2, 1935, and 16 percent above a year ago. potatoes were among the commodities which advanced. INDEXES OF COMMODITY PRICES Wholesale (Hepartment of Labor) ...... Retail =~ ""!:l .. "' Economic class~s Groups and subgroups •"" .:.-e ... :oo ";~'~ ...... Q ~j §~ .., .. j bll "; Ql'l ...... e., ~ ·-... 01 -c. Q .. ., c .... ., 1'1 .... " .. ~ .i!l., .. ~" "; .. bll .. "' ~~ Q,;l--...-. "' :l .s c :s 8 ~ .. e" ""= :l ...... , .: t "" :;:: " ...... ,"' C:oof t:~- ~ C"' "' ., 1'1 .. ., ..,.,"' bll""'" I'IQ ;.. Q ...1'1 c .c :l :l"' "" ~ ~ :l =""1'1 c ..... bll ";"' = ""'" "".. c ...... 8<:.:2 e~ .,"" 1'1 1'1 "" c .. 1'1 eroo "" at c ""1'1 '"" .,c. .e ti> ..... ~ :E8=" .c 8 e "'c ....."' .. "= .5 '8" ""1'1 "" 'QE ., .. Zl 8 "' 1'1 '<) "' ""' ~ .... , ee< 1'1 88 !1: ';! Q :3., 5...... Q .... Q c 1'1 :; Q .c"...""" ~ " § ~ ~ .. "" ~ .c"' :l "'=' ~'~"" ""Q ., 88 ~ rll roo ~ roo :::1" o-1 ~ 1:.1 "" :::1 ... roo iio< Q"" = .. = = " "" 8"" -;-~\~DeC.'0 0 • average, • 193G Monthly average, 1926= 100 average, 1009 to average, (Jan.! Hl23= 1911= 111913= 1931).,; roo roo roo 100 -,I! ------~--~-- 1 1929: MarciL ______96.1 94.8 99. o 96.1 11107. zll 98. silos. 3)1108. 5192.1 I[ 9G. 7 n;;. 3 82.1 lws. 2 93. sl 102. 3 92.4 82. 4\[ no. 3 146 I 153 ______1930: Murch ______90.2 90. 9 89,3 ss. 1 94. 7 83.5 94.3 101.2 88. 2f119:l. u 91.4 7!!. 4 103. 2 \13. 5 \Ill. 6 84.8 so. 9 I[' 97. s !35 !50 ------1931: March••••.••••• 7G. 0 79.6 69.5 72.9 70.6 59.3 77. G 82.0 77.2 H2. 5 82.9 68. :J 87. 6 ~8. 0 R6. 4 70. 0 72. 0 8\J. J . 97 12G 9.5. 4 1932: MarciL ______61l. o 7!. 5 56.1 60.8 50.2 43.5 62.3 61. •1 70. 9 7:3. 2 75.3 07.9 77.3 77. 1 so. s 58. o G•L 7 ,, 7\>. !l Gt> 105 79.2 ~~~t March______60,2 65. 7 49.4 56.9 42.8 36.0 54. 6 50. 5165.8 , 70. 3 7L 2 62.9 68. 1 72.2 i7. 2 51. 3 58.\! 1 71. 8 55 91 69.7 1 I1 1 1 1 March ••..•.••••. 73.7 77.2 65.9 74.3 I 61.3 62.3 67.3 56. 5 78. 5 86.4 75. 7 71.4 88. 7 81.4 n 1 76.;, 6~. 3 I 78. 5 84 109 89.6 ApriL...... 73.3 77. 1 65. 1 73.9 59. 6 58.8 66.2 57. 3 78.6 1 86. 7 75 .•1 71. 7 88. 9 n 6 87. 9 75.3 6\l. 5 ' 7~. 4 821' 107 89.4 May------73.7 77.8 65. 1 73. 7 59.6 63. 9 67, l 60.0 78. 9 87.3 75.4 72.5 87. 9 82.0 8\1. l 73. 6 69. 8 78.6 82 !OS 88. 6 June .•••.•.....•. 74.6 78.2 67.3 72. 9 63.3 72.4 6R 8 62. 2 78. 2 1 87.8 75. 6 72. 8 87 1 82.0 87. 7 , 72. 7 70.2 70., 8 86 , 109 8K 2 Jnly•.••.•.•.••... 74.8 78.2 68. 3 72. 7 64. 5 74.8 70.6 63.4 78.4 87.0 75.4 73. 9 8fi. ~ 81. G 86.8 71. 5 69. 9 N 1 R7 I 110 87. 9 Angust.•....•.•.. 76.4 79.2 71.6 72. 6 m. 8 86. o 73. 9 69.1 78.3 85. s 7.1. 7 74. 6 83. 8 81. 8 oli. 7 70. s 70. 2 79. o 9G 11 112 87. 7 1 ~ett~t~r~~~~:::::: ~~:~ ~g:~ ~u ~u ~riJ ~~:~ ~u I ~~:&I ~~:~ ~~:g ~u 1 ~1:~ ~u ~u ~~:i ~k~ ~n 1 ~kg ~ rg~ 1 m ~n November.•..•.. 76.5 79.3 72.2 71.1 70.8 87.2 /.U 6S.4 78.0 85.0 76.9 74.4 foi.2 81.3 Sf>.2 69.7 70.6[1 SO.S 101 11 115 87.4 peccmber ______70.9 79.5 73.1 7L 0 72.0 91.5175.3 09.0 7X. 0 85.1 I 77.8 73.7 85.1 81.2 8ii. 9 70.0 71.0 I 80.8 1 0 ~ \I 114 87.2 1 1935 January ______78.8 80.8 76.6 71.21 77.6 88.8 79.9 i 8Lfi 177.7 84.9 79.1 72.9 80.2 81.2 85 s z,oo .. ~l 70.711 ~.;._r: II "11.11 0 1 !I 1]~291 86.8 February ______79.5 81.5 77.4 71.71 79.1 87.~ I s~.7187.9 7"1.4 85.0 80.4 72.5 86.0 80.7185.8 70.11 "" < - - ~(i.6 M~~~Jr:~t~~~~~~- 79.41181.7 7q,6 71,811 78.3 1182,8 I ~1.9 91.61 77.3 84.9 81.5 73.0 %,-! 180.7 ill 8.\.7 lli!U 169.2[ 82,41 IO'i 1!1 n2 .I llfi.3 1""3 "0 ° I "" 0 4'1 ° '" - ' 0 ' 33 " I '' - I '0 1 n. ' I -o 1 '1 ' "' ? 118 3 7° • -7 (i 'l - •·j s· i -o - I 57 "'' "0 2 J\1~1""·------______"··''I73. 2 7fi.''· 7 Ir.,\. ... :l , \73.7 "''·I 'I ··-·,r.o.1 i r.:;., ..• 1 I\6G. ,,.,. 1'II". ' .12. 9 I 1 "''·"7:l.:, 1 Sfi.I. 4 7G.I ·'• 2 "'·"72.:3 s.\.·~·.·3 s7.·.'J' I~G-.5' i\ ~,'!i-.ii~ ~~~·.4.. 'I s.,·-~·-."1., I! t'o"9',, II 1',"1, I ci:•.l.· '2 1 ~------79.2 181.3 76.9 r 71.61 7~.3li 86.3 ,I 81.511 M7.0 ![ 77.5 !18!.9 • su 72.8 85.9180.9. 85.8. 69.9 ! 70,0 i -~~·-' _s6.6 1 'Revised. SC\e p. 20 of the November 1934 issue. ' .:\Ii,Jdlc of month. ' IuJ," is fvr Lt of following month. 6 SURVEY OF CURRE~T BUSINESS May 1935 Domestic Trade DETAIL sales reports for March and April reveal a The automobile industry continues to obtain its full n relatively favorable trend in consumer purchasing. share of the consumers' dollar. The favorable trend While data are not available covering the Easter trade, of automotive sales in the first quarter has continued spot surveys by private organizations indicate a fair in April. The unadjusted index of sales exceeded volume, although not in all cases up to expectations. 100 percent of the 1929-31 average in March for Sales in rural areas have made an improved showing the first time sinee April 1931. In view of the rapid and retail purchases of automobiles have continued in rise in the adjusted index during the first quarter, the large volume. April index may be affected since the seasonal adjust Department store sales rose sharply in March, after ment factors for April and March are 148.5 and 106, adjustment for seasonal variations and the changing respectively. For the first quarter the dollar volume of date of Easter. The adjusted index advanced from sales was 64 pereent higher than a year ago. 75 percent of the 1923-25 average in February to 82 Dun & Bradstreet data on eommercial failures for percent in March, the latter figure being the highest the first quarter show the smallest number of failures reported since December 1931. Without making al and the smallest total of liabilities for this period since lowance for Easter, department store sales during 1920. Failures for the quarter numbered 3,165 com the first quarter were about the same as in 1934, pared with 3,515 a year ago, and9,141 during the same but after adjustment for Easter influences were up period of 1932 which brought the depression peak in 5 percent. failures. Liabilities of failing coneerns during the General merchandise sales in rural areas were 10 quarter amounted to $56,084,000 compared with percent higher than in February on a daily average $79,578,000 a year ago. basis, the increase being considerably in excess of the The largest relative deeline in business insolvencies usual seasonal gain. The adjusted index for March in ::\1arch, as compared with a year ago, was in the was only slightly lower than the 1934 peak reached in manufacturing group. In the retail field, the number September. For the first quarter of 1935, sales were of failun-\s dropped about 7 percent, but there was a 15 percent greater than in 1934. considerable inerease in failures among grocery, meat, The adjusted index of variety store sales also rose in and fish retail stores, the largest single group. March, but sales were less than in March 1934. Chain During April, a eontraseasonal rise in failures oe grocery store sales were slightly less than in February curred, the Bradstreet index increasing to 71 in the first on a daily average basis. 3 weeks of the month as against 59 in March. DOMESTIC TRADE STATISTICS ------~------~------~------~------~~-~ ~-;:tail tra~:- ~------Whol~~~le"-ii 10~1J;i~~:.-~!r-ll Commercial -----~~-----·------~-~- ~~e~- ~han'!_isel.c.~, failures Department stores __Cil~~t:Qr~sa~- 1 / Mail- New passen- I i ~~~ i II Sales !' Stocks' Com- I Variety stores II order ger car sales Em- I I Ad- · . . Year and month ------·~- bined ~----~---[ and -~~, --- ploy- I Pay . Unad- just- Fail- I;•abil- Unad-~ Ad· ' Unad-~ Ad· lndex Unad-, Ad- / store Unad-: Ad· ment rolls ljustedtl ed' ures •ties ! 1 just- just• i just- just- (18 com- just• just- I sal.-s, 2 just- just- 1 edt ed~ ;1 ed1 edj panies)4 ed 1 ed 1 li houses ed 1 : ed 2 1 1 ------______[I ______·--~--'-----~~'-- __I__ ------A vg. same Monthly aver·\·[ Thou- Monthly aver· Monthlv aver· Monthly aver- Nnm- Then Monthly average, 1923-25=100 mo. 1929- age, 1929-31= I sanus of age 1909-31 = 100 age 19?9= 100 age, 1923-25= ber- sands 31=too 100 1 ._l_, 1~29: lVlareh ______107 102 99 \m,: o ' 10~. ol'l "2- ~13 trio.~ \ !53. 5 9~. 3 os. 51 1ot> 105 1, 98~ ~6. 3.55 1930: March ...... ~j:) 107 100 97 8>.4 10".8 4.,oS2 122.,J 113 ..5 9;.6 99.4 101 100 2,341 v6,846 1931: March ...... 92 , \18 I' ~~ 84 8~. 5 9fl.l 4:3,008 79. v 74. 0 86. 7 87. 7 89 89 2, fjQ4 60,387 1932: March ...... t\9 j;J 73 70 >;J 79.~ ~~.-1 ri 3:;,9s2 ?B-~ 36.0 78.6 ~s.~ 75 7.; 2,951 93,~oo 1933: March ...... 50 37 55 54 I 7tl G-l. 1 .o.21i· z,,GOG 32." 30,5 71.3 o3.o 63 62 1,9-!8 48,o00 1934: March ______----- 73 78 il 67 651 91 I 87. 2 94. s ! 43, 592 68. 4 64.5 81.8 62. o 67 00 11, 10Z 27,228 MayApril______------_ 73 68 6.5 92 82. 5 87. 2 : 46. 037 87. 9 59. 0 I 82. I 63. I 67 65 1, 052 25, 787 77 68 90 90. 0 90. 0 : 51, 072 78. 1 55. 5 82. 8 62. 6 67 65 977 22, 561 June ______·---- 70 ~~ II 63 gg II 92 86. 3 so. s I' 4•l. 33o s4. 6 63. 5 sz. 3 62. 8 65 65 , 1, o33 2:-J. s6s 64 I 93 79. 7 89. 5 I 387 73. g 67.0 ~2. 2 63. 8 64 65 I 912 19, 326 July------Augnst.. ______. ___ _-, .51 .59 37. r.o 731'77 1 61 93 , 79. g oo. 3 1: 44, 134 63. r 56.. o s2. 5 62.1 rl 65 65 d 929 18, 4oo September----- ______79 75 I 67 October _____ ------,...3 ,I 82 71 /1 ~~ gu ~~:g i: gn~I ~u ~ g~.g ~u I ~u 11 ~~ ~q1.g~~ ~g:~~ November._·------~~ /1 74 December... ______83 65~: I 135 78 i' 60 ~~ ~~n ~u ~~ ~g: ~~~ ~n ~~ g ~u ~u II ~~ , ~~ !I 9fo3 i~: ~1~ 1935: G4 ', January __ .... ______,. I .)9 dj' (;4 1: Ft'brun.ry ______~d n Iii. G! II ,; 36§ li !;: r ?, I ,. I! g I ilil i·. b6; !'If art• h ...... ______it G;; ) ~~ i~: ,~x: ~u ~~ ~!: ~ ~n ~6~ i~·. ~~~ s; I! 63 i[- ;,;.t 9:1. o :! , .>5, G47 i 1oo. 3 94. 51 ~4. o , 65.2 1 85 ; ~ lr 916 , 1~. 523 1'1onthly an'r:J}!P, .January II titnnu;h March: I I I,I w:l3 ... _. ______. __ 1 1!!:{-! ______n:l.o-! ~------11______7S i 63.U :~---_-_-_·_·_ii. *~:·,~.;~;!, i 2 ~ ••~ 1-----·---~i 72.41 4.3.6:: fl-! ~.-·------~~· 2,-tl.:l 154,392 I '_"o__ ~ 11:. (' ·- ·)~ -b. (l ~------!I ~L 2 1 n1.1 ,, G(J ~------. 1, Ii2 2fl,fi26 6~i~ , ______:::::::11 , 1 1935 ~------.---.------61 ...... 1, .. . 1 n. 1 ...... :, p 46, 13s I u.s .------11 s4.3 1 64.6 :! u3 :...... 1 1,o55, 18,695 t Corrected to average daily basis. ' Adjusted for seasonal variation. a End-of-month • See note on p. 26 of the Nov. 1934 issue. v Preliminary. May 1935 SURVEY OF CURRENT BUSINESS 7 Employment ESPITE the fact that manufacturing output considerably below the level of employment in the D leveled off in March, factory employment ex non-durable-goods group; in March, the index for the panded by slightly more than the usual seasonal former stood at 70.8 and for the latter, 94.8, both amount. After allowing for the usual seasonal in on the basis of 1923-25 as 100. The March gains crease, the index of factory employment in March over February were 2.2 percent in the durable-goods advanced one-half of a point to 82.4 percent of the index and 0.7 percent in the non-durable-goods index. 1923-25 average. Several industries, most of them in the durable The actual gain in the number of factory workers goods group, reported more than seasonal gains in amounted to 1.5 percent, according to the usual employment in March. Among these were: Ferti monthly data compiled by the Bureau of Labor Sta lizers, 39 percent; steam- and electric-car building, 20 tistics. Weekly pay rolls were 2.5 percent higher than percent; cement, 10 percent; agricultural implements, in February. Factory employment in March was at 9 percent; carpets and rugs, 8 percent; brick, tile, and about the same level as in April and May of 1934; in terra cotta, 7 percent; and engines, turbines, and the latter month the index reached the highest point tractors, 6 percent. touched since November 1930. Eleven of the 17 nonmanufacturing industries sur While the gains reported in March for individual veyed reported higher employment, while increased industries were generally small, 68 of the 90 manufac pay rolls were reported by 15. The most important turing industries surveyed showed employment in change was in retail trade, due to the seasonal increase creases and 67 reported pay-roll increases. Increases in sales. The only decline in employment of more have been shown in each of the past 4 months in the than 1 percent took place in anthracite mining, in durable-goods group, but the December and January which the suspension of operations in a number of gains for these industries were largely due to increased mines and reduced operations elsewhere resulted in a employment in the automobile industry. Employ decline of 20 percent in employment and 40 percent ment and pay rolls in the latter industry in March in pay rolls. were 120 and 113 percent, respectively, of the 1923-25 The number of persons unemployed declined steadily average, compared with 82 and 71 for all manufac during the first quarter. Total unemployment in turing industries. March was slightly larger than a year ago, according For the past 2 months the gains reported for the to the American Federation of Labor's estimates, since durable-goods industries have been much broader. the increase in employment was not sufficient to However, employment in these industries continues offset the normal increase in the number of workers STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES I Factory employm.,nt I! Nonmanufacturlng employment and pay rolls Wages and pay rolls ~~------.-----(_D_epartment of Labor) 'I 1 r 1 I I Trade- I, 1 Employment Pay Anthracite Bituminous Power and I Telephone 1 Retail trade union \' Factory 1 rolls mining roal mining -~~~~and telegraph 1 ______br;~'!'.;.. ------c~--l Com- Year and 1 month -,- _____:__1,'11 Em Em-~ I Em· I 'I Em- i Em- I ployed I Average' Average mon Unad-'l, Ad· Unad- ploy. ; Pay ploy- Pay , ploy- Pay ploy- 1 Pay ploy- Pay weekly I hourly labor justed ljustedt justcd rnent : rolls I rnent rolls I rncnt I rolls ; rnent _ rolls I rnent 1 rolls ____ jearnings earnings 8 M~9J~~?5 !,]'1J'J'ge, l: Monthly average, 1929=100 ~~~i~f I Dollars c;:rt =,_,-;-:-:::.,--·l-:=-.,--,--,-;;-,-;c-.,.-~-o:-l members ~~-~-=--~c;;o-l·-'b"'o-=ur~ 1 1 1 mg: ~t~~~~::::: 8k ~ ~g~: ~ 1 ~u ~~: s ¥~: ~ ~g~: ~ 1 ~~: ~ 1 ~~: ~ 1gu ~~: 1 ~gu · ~~: t, 5U '~ ~ui 1 °: g~r ~~ 1931: ;\larch_____ 80.7 81.0 7!\.0 82.0 71.3 88.8 G5.2 96.7 102.4 88.6 97.9 89.2 80.8 H 2:3.91 .576 37 1932: March_____ 68. 4 68. 4 .13. 1 73.7 OL 2 75.2 46.8 85. 5 85.4 SL 7 88. 2 78. li CS. 5 70 18. GO . 521 34 193:1: March_____ 58.8 58.91 37.1 54.6 48.8 67.6 30.7 76.9 7L 9 73.2 71.6 68.9 49.0 66 H. 53 . 4f>9 32 1934: i\I:lrch______80.8 81.0 64.8 I G7.5 82.·1 77.8 5S.9 81.7 75.6 70.0 70.4 81.5 59.8 751 20.53 .f>fl3 42 .lpriL ______82.4 82.2 67.3 58.2 51.7 72.2 51.4 82.4 76.8 70.2 li8.8 82.5 61.2 76 20.90 .:iS! 4:1 1 .rJ;~~:::::::: ~u ~u zu ~ ~~: ~ ~t ~ ~~: ~ ~~: f ~~: 6 ~~: ~ ~8: ~ ~:: ~ ~~: (; ~:: ~ ~g ~2 ~~ :~~~ !~ July ______7S.7 79.4 G0.5 58.6 42.3 i7.0 49.7 85.0 SL! 71.0 72.3 79.0 oO.l 72 1~1.90 .588 42 .\rwusL ____ 7!J.5 79.3 02.2 49.5 :m.7 77.1 50.4 S;i.G 79.9 71.0 74.0 77.8 58.4 721 1\1.58 .0~8 41 1 1 78 2 f)'?~~i::.;~c~~: z~- ~ ~k ~ ~f· gli ~~· ~ 'I !~: ~ ' g~: ~ ~~: ~ ~g: g ~8: ~ ~~: 5 ~~:;, :;?: g Zi I ~s zg .Qg~ !i ~~~~;~~~~,:r-_ ~ ~~: ~ ~~: ~ i~: ~ I: ~? 6 ~u ~H ~~: g ~~: g ~~:£ ~n ~~: ~ ~n ~u I t~ 1 ~6: ~ ~ :~~! :5 1935: li II 'I ~~"::~;,, !J:~ !1.! I ~ki!l ~;: til :1: '"" :;:~ lt1 ;:g ;:~ ~; ;g; I lJI ilS~ ;~( ~ :::_:_:_:_:_:_:_:_11,'11 ::::11 ::II :: II -:: :::II :: :: ::1' ] :::: : "6~_}~:~::,1J93L______77.3 59.81 ti4.9 7:l.8 7fi.n:~:I 54.9~:: 81.7 74.6 I 70.0 o9.1:~: ~o .• 3l 59.2\ 7411 n73 .5c8 l93.L______so.s 68.0 59.6 53.6 80.9 64.4 82.4 I 78.6 . 70.1 74.0 1 9 6 59.8 76 I! 21.85 .595 ' _\djusted for seasonal Yariation. ' National Industrial Conference Board. 8 SURVEY OF CURRENT BUSINESS May 1935 Finance EADING developments in the financial field during to 2.875 percent which compares with 3.919 percent L April have included (1) rising security prices, at the end of 1929. (2) the increase in the Treasury buying price for Capital issues for the purpose of obtaining new newly mined domestic silver, (3) the passage of the funds were in small volume during the first quarter, works relief bill carrying a huge appropriation, (4) and the situation was unchanged in April. Similarly, large refunding operations on the part of the Treasury the weekly statistics of the reporting member banks and private borrowers to take advantage of prevailing do not indicate any expansion in short-term loans low interest rates, and (5) the removal of the peg from outstanding. As of April 17, reporting member bank call money on the New York Stock Exchange and the nonsecurity loans were about the same as at the end subsequent drop in the mte to one-fourth of 1 percent, of February and slightly lower than a year ago. followed by recessions in the rates on time money and The Treasury action in regard to silver followed the bankers' bills. rising trend of world silver prices in which domestic The current low rates of interest and the plethora policies ""ere a principal causation. On April 10, the of funds available for investment has permitted the Treasury price for newly mined domestic silver was flotation of an increasing volume of refunding issues raised to 71.1111 cents per ounce and again on April by private borrowers and more are being prepared for 24, the price was raised to 77.57 cents. market. This movement has followed the successful Coincident with the silver operations, the monetary large-scale operations of the Government which has stock of gold has continued to rise. Wnile gold im now called the last of the outstanding war issues which ports during :March were the smallest since October, are being replaced by securities bearing a much lower the renewed unsettlement of the gold bloc currencies rate of interest. On April 14, the Treasury called for accompanied by the devaluation of the helga caused October 15 redemption the remaining $1,250,000,000 the resumption of gold shipments to the United States of Fourth Liberty loan 4}~-percent bonds outstanding, on a large scale. The record quantity of gold held and on the 21st offered 20-25 year 2%-percent bonds led to the direct sale by the Treasury during the latter and 5-ycar 1% percent notes in exchange for part of March and the early part of April of 219,000 $1,933,000,000 of First Liberty loan bonds. ounces of gold to :Niexico, Venezuela, and Guatemala. As a result of these refunding opemtions and the The recent recovery in the stock market has raised low interest rates on the new money obtained (a large tlt e "averages" to the level at which the year 1934 part of which was secured by the issuance of short closed. The advance has been led by the public term obligations), the average interest rate on the utility issues which in the first quarter of the year Government debt had dropped by the end of March dropped to a depression low. FINANCIAL STATISTICS I I Reporting ~emb.er I'I • I Total I goldNet- 'I I'I i' II banks, l\ednesday !Federal! im- l1 savings deposit• Bond Aver- bank-~ II Stock i prices, age Interest Bank I closest t to end of liReserve ers' ac- ports I ~~ . prices New divi- rates, debits month I ~~~~~ "''Pt- in· Money (!21) York I New dend com- Stand- Stock capital per mercia! New I t· d out-~. gold I cn·<:U-;,. II Year and month ""''"'I I .... : ... •...... I ard Ex- issues share paper Y<;_H"I' Loans All In- s 1:,';; - st.and- re- lation New Postal Statis· change (600 (4-6 City on • mg, leased York Sav- tics (do- com• months) ~~-uri-ties "'""loans . mcnts·~•- month'"' "' month'"' '' •••mear- I I~~ StatP ings mestlc) panles) I ,I li marl•' I : ~--1------Millions of dollars I r---11---11926= IOOil Dollars ,.of£~Y:rs___ ---Dollars II_--- Percent ~ I li ,I ,, i 1a29: l\[arch __ "_" __ J ·--- •I J,;d,, I 32.:) !i 4, 709 'I 4, 41:1> 12!i II l~U l il g,). ~.\ 11.~73/:981_" ______: 5 3~-6 !· ?0,) !I 4, ..n2 4, ;'()\I 1930: March_"""·--"- 11:::::::::1:::::::::!!::::: 1, 14\1 1 l,t).)fl i 70.5 ! ~~: ~;~ ---1 1 91 citi.rs. : ":\",:t exports incli('ater1 by (-). May 1935 SURVEY OF CURRENT BUSINESS 9 Foreign Trade HE value of exports and imports increased in than in the same month of 1933, when quantity ship T March by more than the usual seasonal amount. ments were 49 percent greater. The adjusted index of exports rose from 47 percent The expansion in exports of industrial products as of the 1923-25 average in February to 48 percent in compared with a year ago is very apparent when the March, while the index of imports increased by 1 results of the first quarter are tabulated. Exports of point to 49. Without adjustment, exports were 13 finished manufactures were valued at $242,330,000 in percent above February while imports were up 16 the period January-March 1935, or 19 percent more percent. than a year ago. Among the leading commodities, Manufactured articles \vere again the principal exports of automobiles, including parts and accessories, cause of the increase in exports. Exports of m~tchinery showed an increase in value of 41 percent; machinery, and vehicles, aggregating $51,775,000, increased 26 including electrical appliances, increased 29 percent; percent over February; the value for this group of and iron and steel manufactures and semimanufactures exports in March was the highest for any month since advanced 12 percent. February 1931. Automobile exports, including parts The rise in imports during March was due to larger and accessories, made up approximately half the purchases of a wide range of commodities. The value amount, or $25,018,000, the largest monthly figure of agricultural commodities increased 11 percent, while since May 1930. Among the other manufactured nonagricultural products showed a gain of 2 percent. articles exported in larger quantity were mineral oils, Among the agricultural commodities, the percentage iron and steel manufactures, rubber manufactures, increase in imports of grains, meats, butter, edible cotton cloth, and numerous miscellaneous manufac vegetable oils, oilseeds, fruits, vegetables, tea, spices, tured articles. Unmanufactured tobacco exports were and Cuban sugar was particularly large. also larger in March than in February. Import trade during the 3-month period ending Exports of agricultural products declined, mainly with March 1935, showed an increase of $89,000,000, as a result of the continued recession in shipments of or 22 percent, in comparison with the same period unmanufactured cotton, although exports of lard, of 1934. Approximately three-tenths of this expansion fresh apples, and canned fruit were also smaller than resulted from an increase in imports of farm products, in February. Exports of unmanufactured cotton namely, meats, butter, vegetable oils, grains, and were smaller in quantity in March than in the corre other feedstuffs; about one-sixth was due to larger sponding period of any year since 1924. Because of imports of Cuban sugar, while the greater pa.rt of the the higher level of prices, however, the March 1935 balance resulted from the expansion in value of crude value of unmanufactured cotton exports was larger rubber and tin imports. EXPORTS AND IMPORTS Indexes Imports' 1 - -- 1! 'I Crude I I l<'inished -.,--1 ---,1------,-1--.- Ex- :~ materials Foodstuffs I manufactures 11 Value Value ports, 'I' I ' 1II I of of !: Total :,,· Farnuidts II \', i Auto· II Crude II Food- i Year and month cf::d.. -~---~-~----R·-·a--w-- I ~uef::'ane'-: ~~: t!'l:!'d t~!~l I ~';!~' mg II Ma- '· b'f{:,;, Total tmerlaal-s 'I stuffs I, ufac- man- ports, ports, reex- I1 ' 1 1 I ufac- acl- ad- ports :1 1 Total I t~!;' I Total I p;re!..· 1 tures Total c~;~- i P;~~q, ! : tures tures justcd'ljusted'! I il I II ' tions I' li ! acees- II ! I __ j] 11 I. d il 1 : sories 11 j Monthly aver· Ill Millions of dollars ------ja2~~e,~J~92~3~-~2~5=_1~0~0II-----,~~----~~,----~~~--~-----~--~~--~I'----~--~I ----o---~----~--~-----,---- 192(!: March______128 107 489.9 I 481.7 8i3.4 59.8 6·!.6 l:l.1 Cfl.911 263.7 59.51 7o.S II 38:3.81: 1:18.61 93.31 70.51 81.4 1030: March______\!6 84 36\J. 5 · 363.1 I 70.5 43.0 43.7 6. 8 49.3 'j 199.0 55.6 I 37.8 1 300.5 I 101.7 1 tl7. 1 62.7 69.0 1031: March______62 59 235.9 231.1 56.4 36.0 33.0 i0.7 31.41 110.3 29.3, 18.6 1 210.2 1 64.61 56.61 39.81 ·19.2 1 1 ~~~~: ~1~~~~:::::::::: ~~ ~b ~gt z ~~u ~~:: rg: r iU u ih: ~ 1 ~u ~: ~ 1 ~: ~ 1 ~!: ~ 1 ~u ~~: ~ 1 i~: ~ 1 ~~: ~ 1934: 1 29. 7 II March ______, 50 44 191.0 187.5 55.3 34.7 20. 1 5. 5 31.4 I1 80.8 18.3 I 20.6 I 153. 1 44.9 48.6 29.8 ApriL.----·----- 50 42 179.4 176.5 45.9 24.5 17.8 4. 4 29.4 83.4 19.2 21.5 141.1 41.0 45.6 26. 1 28.4 May------~ 45 47 160.2 157.2 38.0 17.6 16.8 3. 3 26.2 76.2 17.0 20.6 146.9 42.8 46.3 26.9 30.8 June------··- 50 44 170.6 1C>8.0 47.0 28.9 14.9 4.0 27.9 78.1 18.6 20.0 135.0 42.6 39.3 26.8 26.4 July______48 43 161.8 159.2 37.2 20.3 17.1 2. 9 28.8 1 76.2 18.9 18.4 124.1 39.. 1 z9.. 1 I 27.5 28.5 August______49 39 172.0 169.8 39.7 17.8 22.1 7.7 29.4 78.7 20.2 15.3 117.3 34 2 30 8 23.0 29.2 Sept<'m ber _·----- 48 43 191. 7 189. 2 66. 4 32. 2 20. 1 7. 1 29. 7 73.0 18.8 14.0 I 149. 8 I' 38. 6 57.3 24. 2 29. 6 October______45 39 206.4 203.6 82.9 43.4 1 21.9 9.0 28.8 70.1 18.7 12.4 137.9 35.1 46.8 26.1 29.9 November______45 47 194.9 192.3 71.7 39.2 18.51 5.4 30.1 1I 71.7 20.6 11.0 149.4 40.1 47.8 27.4 34.1 ,occember.______43 41 _ 170.7 168.5 54.5 35.0 15.7 5.4 30.3 il 68.0 1~ 19.1 12.4 126.2 28.8 47.8 21.0 28.6 1935 1 ·i.~~~:~~ir;;_~===:==: !~ l~ I ;~~: 5I i~~: ~ ~~: s II ~~: i Jri: :; II' ~j I ~~:; ~1. ~u I! i~J ~k ~ 11l.f75~:.~ !Ill 13. 1 ~t ~ ~~: ~ ~?,: ~ March______49 ., tss.o .·8.. ,,I 40.5 1!, 21.8 tG.z 1_ 30.8 94.5123.8 25.o !, • 1 59.3 3"-2 3o.s <~sl ~·: 1 5.<~ 1 1 1 ~ ~U 1 Cumnlati,·e, January 1 .. I I I _]_f3_lr_:~_:~~~:c.::r~~~~cc::~:"-'-: ___: :__,_~__,_! : 1d ~~H II HU II m:H J~u II ~H !! ~u il i~:d i~tn tU ; iH !I t~~fi lH: ~ Ii?U i ~H ~u 1 Adjusted for seasonal variations. ~General i1nports through December HJ:n; imports for con~;mnutiun in 1\13-1 ~md l\J:5fi. ~ 3J outhly aYe rage. l::t~::o-:1:}--:? 10 SURVEY OF CURRENT BUSINESS May 193-S Real Estate and Construction )\ CTIVITY in the construction industry, which ex of 1934, but considerably less than the total m the .n. panded during March partly by reason of sea month of March 1931. sonal influences, continues on a low level. In the first Nonresidential building contracts awarded in l\farch half of April daily average contract awards were about amounted to $45,000,000, compared with $57,000,000 a the same as in March. New residential building has year ago. There has been very little change in con made the best relative showing in recent weeks, but struction activity in this field in recent months. the volume of additions, repairs, and alterations has Awards for such projects were about one-fourth less in also expanded. The number of persons employed in value during the first quarter than in the same period private construction work is in excess of the correspond of 1934, due mainly to the decline in publicly financed ing period of 1934, although the available statistics projects such as school and social and recreational do not show any substantial absorption of the unem buildings. Privately financed contracts of all kinds dur ployed normally attached to the construction industry. ing the first quarter were a boat 22 percent higher than Of outstanding importance to the building industry in 19:34, but were less than in the same period of 1932. was the passage by Congress early in April of the bill Building permit data gathered by the Bureau of providing nearly 5 billion dollars for relief purposes. Labor Statistics from 770 cities in all regions of the While only skeleton and tentative plans have so far country show an increase of 7 5 percent in the estimated been announced for the expenditure of this fund, a value of new construction in March as compared with a considerable part of it will be utilized for building year ago. These permits cover both new construction purposes, such as urban and rural housing, highways, and repair work. The relative increases for the senral bridges, flood control, and public projects of States classes are as follo--ws: 1'1 ew residential building, 131 and cities. Since a large volume of such work will be percent; new nonresidential building, 61 percent; and carried on by contract, the usual monthly figures are alterations, additions, and repairs, 49 percent. The expected to record a sharp rise when the program gets permit figures make a somewhat better record than the under way. contract figures mentioned abon, but the two sets of Despite the relatively large gain in residential build data differ in regard to both coverage and character. ing contracts during March, the value of awards in the Y arious spot surveys of real-estate conditions reveal area covered by the F. vV. Dodge Corporation statis gradual betterment, and the improvement has been tics was less than in March 1932. Total awards for pronounced in such areas as Detroit and the District this class of work in the first quarter amounted to of Columbia where purchasing power has expanded $71,234,000, 23 percent more than in the first quarter substantially. BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE I ,I I I I BuDding-material JiHighways Con· 1 Construction contracts awarded ,, I shipments 11 nnter struc• Long• Home Loan I ;IExplo· i ! co~ro~uc- tion term Bank, li I 'I [I sives, I I (National costs, real· loans F. R. B. 'I Pub· p b new I M 1 0 k I 1 d Eng. estate I I 1'I ape a Ce· 1 n _us- News- bonds out- I index I All types of 1 Residential lie Nc" 1 orders floor- floor- trml stand· Year and month I ad· construction 1 buDding utili· works l1 i ing ing ment ! Recovery Rec· issued ing t 1 11 justed I ties ! I ! Act) ord ' I ' I 1 ! I I Month- Monthly Num· 1 Mil- ~~ M!l- i Mil- ~--. ---~~ Thou- i Thousands of Thou- i Thou- lyav· I ber ?f lions of jllous of! lions o.f Milllons of l'lsands of Thousands of averag~ I feet, board sands ofil sands of 1 erage, dollars 11923-25- proJ- dollars i square dollars dollars , pounds I measure barrels i dollars 11913 = ------~~~~--~~,-feet __ . !i--I I ~ 1D2\I: :\Iarc\1______121 15,044 4851 41.7 196.9 21.0 57.6 '136,710 5, 8<5 44,382 68,431 1------1930: 1\larch ______102 12,421 156 20.7 101.5 70.9 79.3 33,R2D i 10,113 207.8 l i 4, 176 3G, 863 8, b26 :1------~------11 206.8 11.350 ~------1931: March______77 10,788 370 22.1 100.9 37. t> 114. ti 1 28, 25!i 3, 095 26, 243 7,1921______104.5 2, 015 ------1932: March ______: 26 6, 646 I 112 8. 5 33.2 7. 8 22.0 118, 7~2 2, 4~6 ]3,360 3. 073 ------·1157. 2 905 ------1933: 14 1 6, 303 60 4. 8 16.0 2. 5 15.1 16, 1.9 i March ______, I 1,216 7, 57~ 3,510 ~~------158.4 0 22, 698 1934: I I I - March ______, 33 7, 9271 178 8. 0 28.1 21.0 71.9 1 2,, 725 4, 643 13, 711 4, o18 I 239,974 194.1 0 93,125 ApriL ...... ' 32 8,114 131 I 6.0 22.7 12.4 57.5 :, 26,958 4, 3031 9, 476 6, 492 I 269, 229 I 0 88,922 MaY------26 9,153 1341 6.2 24.8 5.6 51.21[24,231 4, .512 9, 813 8, 784 :I 288, 460 199.6195.91 0 86,842 June ______: 26 8,368 127 7.5 26.6 13.1 44.3 '24,812 3, 573 7, 965 8, 541 II 283, 506 199.6 0 86,248 July ______: 27 7,182 120 4.8 19.8 7.9 31.2 ·' 23,384 4, 421 7, 713 7, 898 I 267, 509 199.7 400 I &5, 723 August. ______I 27 7, 6251 120 5. 0 18.6 8. 7 41.9 1 1 26,063 4, 279 9, 041 8, 249 ! 231, 554 o! 85,519 1 198.4 I September ______. 29 7,666 IJO . 4.8 17.9 6.5 43.5 1 25,489 3, 386 9,003 7. 388 :I 203, 027 200.6 0 86,647 Octobcr ______j 31 10,0,13 135 7.0 26.3 12.6 52.6 I 26,892 3, 408 10,095 8, 439 1 179, 453 200.9 ' 0 87,446 November______[ 31 7,5051 112 5.3 19.9 8.5 4!3.8 , 25,108 3, 00.5 I 9, 533 5, 674 ' !59, 599 201.4 1 0 87,714 pecember______/ 31 5,771 I 93!! 4.0 11.6 12.9 37.2 ! 22,6!35 2, 668 I 6, 964 3, 101 I; 147,807 !I 201. g S7, 258 1935 1 1 I 1 3,3021 8,676 2,84fi II 145,63P 'I' 198.7 0 82,585 ~~~~~7ry-_-_-_-~::::::::::::::::::l ~~ ~:i~~ i ~~ II ~: g iU ~: ~ ~1: 6 I~~:bi~ 2, 812 9, 015 2, [152 155,448 i 196. 0 0 77. 142 JI.Io,~h~~e~ver-a"ieJanilar~:ihro;;il; -I 26J s, 9291 1~3 il 8. s ! 3"' • 6. 5 39. 8 i 18, 5H 2,929 1------4,877 :' no,756, 194.3, o n,st6 l\·w3cJ~'------I 18 I 4, 66211 651! 3. 7 I 11~-- 23 i 5.1 20.8 : 1fi, Sb7 i 1, 3531 6, 027 I 2. 763 :' ______J 158.7 I! 300 i 11, 92G 1034______42 II 7,054 154 I' 5. 2 I " 12.7 I 73. D 27.271 I 3, 91•1 1 s, 987 '! s. 783 1: 211, 784!1 193. 1 , o i n, 221 ____l_~~:..:c_=--:_·_:~ '-'"c =-c.:.~=~·.:! ___ .. _E_ _1_,_11-l__c __ !9_ ,1 __6._3_~ _33~7_i_.__ !-{_; ____:1_3.1_ ~t! ~q___;_ ~-O!!....:=.:..::..:_____!.~fi7,281 ,___l_!!!l_,_!_l_ ___o_,_77,H8 1 Based on 3~month moving average and adjusted for seasonal variations. 2 Index is as of first of Inonth, Apr. 1, liJ35, 194.5. May 1935 SURVEY OF CURRENT BUSINESS 11 Transportation REIGHT-CAR loadings during the first 16 weeks in March for the second successive month, but after Fof this year were 0.4 percent less than a year ago, adjustment for seasonal variations, the employment but were 20 percent above those for the comparable index fell to 56.5 percent of the 1923-25 average, the period of 1933. In 10 of the 16 weeks, loadings were lowest point for the current year. The number below those of a year ago. employed in March was reported as 977,591. As Daily average freight-car loadings in March in compared with March 1934, employment was lower creased by the usual seasonal amount, but a decline in each of the 7 employment classifications with the in the adjusted index for April is indicated by the greatest decline in the maintenance departments. weekly figures. Of the 3 leading classes of freight, Total operating revenues of class I railroads in March March loadings were lower in 2 instances and higher were 4.2 percent below those for March a year ago, and in 1. The adjusted index of miscellaneous loadings de net railway operating income declined 28 percent. clined from 73 to 70 percent of the 1923-25 average and For the first 3 months of the year net railway operating less-than-car-lot merchandise declined from 65 to 64. income was 25 percent below that for the like period in The index of coal loadings increased from 7 5 to 82 in 1934. Fifty class I railroads failed to earn expenses reflection of the heavy movement in anticipation of the and taxes during the first 3 months of the year. strike threatened prior to April 1. Since the strike Gross capital expenditures by the class I railroads was averted, coal traffic has declined. were greater in 1934 than in any year since 1931, The shippers' regional boards have recently esti according to an announcement of the Association of mated that carloadings for the second quarter of the American Railroads. Expenditures for locomotives, year will be about equal to the actual loadings in the freight and passenger cars, and other equipment ex same quarter of 1934. Reductions a.re anticipated for ceeded those for any year since 1930, and those for agricultural commodities, but increases are expected roadway and structures were greater than in 1933 but in the loadings of manufactured articles and industrial less than in 1932. raw materials. Class I railroads had 818 new freight cars on order Employment on class I railroads, exclusive of on February 1, as compared with 732 a year earlier switching and terminal companies, increased slightly and 2,223 on the same date in 1933. RAIL AND WATER TRAFFIC Financial l<'reight-car loadings statistics, class Canal traffic I railroads F. R. R. Index II I == I Year and month i :; I :;' -= e'S = :a ,§ ~ ~ Monthly aver Thou- Thousands of Thousands of Thous. age, 1923-25 = Thousands of cars • 100 sands dollars short tons ~~~~~g 1029: March ______98 105 \ 963.2 1 156. s 12.8 I 67.o I 42. 6 I 24. 2 261. 2 1!.41387.3 279 2, 726 511, 296 95,623 0 1, 229 1930: March ...... 90 96 884. s I 136. 4 10.1 57. 9 I 39. 3 22. 9 250. 8 9. 4 . 357.7 466 2, 457 447, 670 60,080 0 1, 272 1931: March ...... 75 50 i3:l. 0 128. 4 7. 8 33.7 38. 0 19. 8 222. 2 5.8 277.2 622 I, 966 371, 911 45, 63G 0zl 0 910 1932: MarciL ...... 5~ 61 56.5. 2 I 116. o 5. 8 19.9 28. 9 16. 5 187. 1 2. 6 188.5 705 I, 404 286, 679 32,584 0 0 726 1933: March ______48 50 470. 9 92. 3 4. 4 15.3 27. 7 l:l. 4 157.0 2. 1 158. 7 6~1 872 218, 102 10,806 0 0 724 1934: I March.------63 I 66 613.5 147. 2 9. 0 23.7 29. 7 13. 4 165. 6 3. 7 221. 2 357 I, 227 293, 178 52,038 0 0 I, 119 ApriL...... I 60 62 583. 7 100. 3 5.8 24.2 1 26. 5 16. 3 166. 0 7. 4 237.4 368 I, 212 265, 391 32,265 13 140 1, 038 May------ 63 63 610. 4 106.8 6.8 25.1 28. 1 16. 2 164. 9 20.7 241.6 355 I, 122 282, 024 39,495 5, 745 550 1, 008 June.------ 64 64 615. 6 100. 3 6. 8 24.6 3·1. 9 15. 4 157. 7 33. I 242. 7 338 1, 303 282, 779 41,836 7, 901 557 835 July------. 63 61 586. 6 93. 2 4. 4 20.8 42. 7 22. 2 153. 2 31. 3 218. 7 348 I, 280 275,984 35, 221 7, 522 519 770 August. .. ------....• 63 59 605. 0 95. 9 4. I 22.3 40. I 30. 9 159. 6 29.0 223. I 359 I, 403 282, 679 39,677 6,990 627 976 September.------ 67 59 628. 5 1116. I 5. 2 22.0 34. 8 34. 1 159. 3 24.4 232. 5 318 I, 354 275, 51J 41,020 6, 145 465 1,045 October------ 64 57 632. 9 121. 0 5. 6 22.4 30. 6 28. 5 163.2 17.1 244.5 328 1, 265 292, 903 48,625 5,006 726 1,029 November------ 60 59 588. 3 123. 6 5. 4 21.2 27.8 22. 5 160. 1 6. 5 221. 3 381 I. 131 256, 967 31,583 2, 627 559 1,015 December ..•...... 56 64 518.4 122. 9 6.0 18. 3 25. I 16. 3 144. 2 3.1 182. 5 302 I, 371 257, 506 3R, 738 300 0 885 1935: Jannnry -~------58 64 1542. 6 137. 6 7.8 24.0 14. 5 144.1 2. 7 193. 2 342 1, ?.98 2fi4, 213 21. 3·19 0 0 825 F€"bruary ______61 65 5~1.4 143.4 8. (\ 25. 6 12. 4 152. 2 3. 2 210.9 320 1' 204 254, 940 25,720 0 0 708 Mal"c!L ______62 G.) 602. 9 136. 6 6. 7 25.2 26.9 11.6 160.8 3.7 231.{ 300 1, U9 280,899 37,851 0 0 961 1\fonthly average, Janu ~n/' ary through March: 1 I 1933 ... ------! 00 480.7 1107.2 5. 2 26 .• 15. 2!155. 2 2.0 154.8 I 674 994 218, 937 11, 508 U36 61 ~~------1'______581.9 I' 141.6 8. 9 ~t: ~ ! 29.6 1.5. 3 159.3 3. 3 202. 41 389 1' 222 266, 550 37,506 981 60 577.7 139.0 7.6 23.2 25.6 1~. 7 153,0 3.2 213.3 321 I 1, 27! 266, G8i 28,307 ~31 m~:::::::::::::::::f 1------l 1 I ' Daily average basis. 'Adjusted !or seasonal variations. a American vessels, both directions. 4 Average weekly basis. 12 SURVEY OF CURRENT BUSINESS May 1935 Automobiles and Rubber RODUCTION in the automobile industry in the car output in the first quarter was considerably less Pinitial month of the second quarter has been at a than in 1929, although larger tha,n in the initial rate in excess of 100,000 cars and trucks a week. quarter of any year since that time. Schedules for April indicate a probable output for Demand for cars has continued strong during April, United States factories of more than 450,000 units, according to reports of individual manufacturers. which will mean a production of over 1,500,000 First quarter sales were in large volume and several of vehicles for the first 4 months of the year, or more the leading manufacturers carried large banks of orders than the output of the industry for the entire yC'ar into the second quarter. 1932. W eeldy production figures and reports of stocks Retail sales of passenger cars in the first quarter, of dealers suggest that a production peak was reached the highest for this period since 1930 were 64 percent in the latter part of April for most of the leading manu above the opening quarter of 1934. Export demand facturers. Stocks of used cars are increasing with has continued relatively strong with March shipments prices tending downward. the highest since 1930. First quarter exports show Factory sales of automobiles in the United States an increase of 64 percent over 1934. have not exceeded 450,000 units in any month, except Activity in the rubber manufacturing industry in 1928 and 1929. The demands for materials and sup declined in March. Daily average crude rubber con plies for the industry have exercised a, beneficial influ sumption was less than in February and about 7 percent ence on all industry and the brge wage a,nd salary lower tha,n a year ago. payments of both manufa,cturers and distributors have Price movements of crude, infkenced by inter also been a potent influence on trade. Employment national fina,ncial developments, have been erra.tic and pay rolls in the industry have increased to the during the past month. After dropping to 107f cents highest point since 1929. in Mnrch the price has recovered to about 11% cents. Of the first quarter output in the United States, The retail tire price structure has also been unsettled, 869,162 units were pa,ssenger cars and 193,977 trucks. 'vith discount allowances prevalent. This movement Excepting the month of April 1930, truck production is undoubtedly influenced by the high stocks of tires in Ma,rch was the brgest since the middle of 1929, which were built up in anticipation of a strike in while first qua,rter production v,·as even larger than in the industry which was averted by Fedeml inter the corresponding period of that year. Passenger Yention. AUTOMOBILE AND RUBBER STATISTICS Automobile production II Automobile i .Sew Ilassenger-~ Pn~umatic Crude rubber New car sales tires' !------,----) eXJlorts pas• --.,---- l---e______c_a_n_ac_Ia senger Do u_n"i~te_d_st,a,te_•_,_ 11 I car mestic World regis Unad· Ad· Pro- n:!~tic con• Im stocks, Total II Tati·l Trucks Total Trucks ira justed justed 1 ~;:,~ ship- sump ports end of Year and month ~~~~~·~ad- ~e~:ger cabs Pa:!~n-, tions ments tion, month justed t cars total I Month lyav- erage, Thousands Number l\I~~~f ~~&\'ge, Thousands Long tons 1923- 1 25=100 1 1929: March______143 585[1 .112 2,079 71,799 40,021 I 51,504 24,883 378,069 !ll8.8 153.5 5,639 4,80-l 40,257 50,610 298, 383 1930: Marcb______98 396\1 330 1,421 65,466 20,730 22,129 8,961 298,680 122.5 113.5 3,Sn 3,688 32,323 45,254 413,808 J931:March______67 270 231 410 45,161 12,993 11,fi24 6,005 200,841 79.9 74.0 3,730 3,143 30,165 40,788 523,003 1932: MarciL______28 119 II 99 I 74 19,560 8,318 5.548 3,183 92,192 :l8.4 36.0 2,937 2,281 25,602 45,588 624.902 1933: March.______27 115 1 971 660 17,803 6,632 5,528 2,528 78,749 :12.5 30.5 1,630 1,616 15,701 28,475 622, 142 1934:March______78 338 I 275 I 16 56,525 14.180 I 16,141 10,076 173,287 68.4 64.5 5,025 3,966 43,329 42,253\ 653,000 ApriL______85 355 289 I 65,714 I 18,363 1 16,509 10,756 222.900 87.9 59. o 4, 627 4, 212 <10, 902 45,175 547,993 May______78 332 2741 o 57,887 20,161 16,058 8,612 219,163 78.1 55.5 4,323 5,049 39,571 49,901 659.865 June·-··------·--- 82 I 308 262 o 46,2131 13,905 18,0il 6,816 223,1l42 84.6 63.5 4,212 4,956 36,620 48,748 660,699 1 672,312 ?J~ust~~======: ~I I ~~~ i~! g gi; ~i~ 1 ~: ~6! g; ~: ~g~ I i§§: ~~~ li ~~: i ~~: ~ ~: ~~? ~: 6~1 ~~: ~r~ i~: ~b6 653, 761 September______51 JG9 124. o 4:.9G21 5,.079 10,236m 7,530 146,931 51.9 53.0 2,848 2,993 27,317 32,010 668,814 October------41 1321 85 '1 0 47,988 3,780 8,040 7,512 140,880 47.3 59.0 3,188 2,834 28,526 29,240 669, ·'57 November______37 781' -10 6 32.909 . J.G\17 9,208 7.072 107,61'3 39.2 63.0 3,241 3,026 31.3.>8 37,212 672. 852 ?ecember______105 183 1281 115 55,128 ~~1 2,7~Q I 8,279 7,141 75,:>1-l 27.7 49.0 3,665 2,921 l 32,996 18,171 670,000 1935 J1llluary______104 2931 229 (') 63, 5f>G IU, G07 ·1 11.035 6. 591 1 136,635 51.5 75.0 4, 488 3, 46911 42.864 40,523 674,000 February______10.1 34! 278 (') 62,:Jll41 H,!Hir J.i,OG7 1 6,760 - I70,G15I 1"2.7 86.5 4,251 3,112 38,868 47,844 680, 169 11 1 680,000 Mii}~f!~~:~~J~il~- 106 , 43:, li 3:·· I ('J / Gs,on !, 21,9n !f ~~.usa s,s2o ['[21o,ooo II 1oo.3 94.5 I 4,215 •.ooo as,997 46,6!0 1 1 1!)33______361 24111 ,I c>0 I 272 !_~.·.3.:1'} 1.1 4,42_n :1 6.~3~ I 2,9151 76,02211 29.5 ------1[1,769 1.7~7 :1 ,18,15112~,369 618,431 1 ___i_~~-~_==_::_:_:: __ :=_=_=:_:=_='--, _r_&~_' """I, __a•_,~-"i/ __i_~6_,i_c_'~~~ii.>9 il tg:~~g1_1_~:_t_g&·_,['-_;_':_ib_ ~-"[[_i_~~-J:_~~-~-"i!_i_i:_~_~:_=_==_::_:_:=-"-lr_i:_~i_~J_,__~:_~2-·?-'!'--ii_~_J_f~_- ~-5~ij-~~_,___~--~~-:~_~i 1 Adjusted for seasonal variations. 2 Se1~ note on p . .51. 'Included with passenger cars. See footnote on p. 54. May 1935 SURVEY OF CURRENT BUSINESS 13 Forest Products I\ CTIVITY in the lumber industry for the first 4 merce Commission exempting lumber, logs, shingles, .£1 months of 1935 showed improvement as com and other forest products from the emergency in pared with the similar period in 1934. Although pro creases in freight rates which went into effect during duction was about the same, shipments were greater April. The opinion of the Commission was based on by more than one-fifth and new orders by about 18 the fact that the decline in revenue freight tonnage of percent. Stocks at reporting mills as of April13, had class I railroads since 1929 has been substantittlly declined to 4,610,433,000 feet which wtts below the greater in the case of most forest products thttn for all stocks held a year ago. freight, that the unprecedented stagnation of building Employment in the lumber and allied industries and certain other wood consuming operations was during March increased by 2.4 percent to 50.1 percent responsible for this larger relative decline, and that of the 1923-25 average. The index was only 4.3 these products should not be burdened by additional percent higher than a yettr ago. Increttses in employ freight charges at the present time. ment over Mttrch 1934 occurred in all the industries Although current production statistics on the paper with the exception of the turpentine and rosin industry industry are not available, the employment and pay which reported a decline of 1.7 percent. Weekly pay roll data for March suggest that changes during that rolls in the combined industries were 4.3 percent above month were not pronounced. Slight increases were the February figure and 14 percent above a year ago. reported in the paper and pulp, and paper box industries. Increttses of 8 to 21 percent occurred in the four indus Production and shipments of newsprint for March tries included in this group. in both the United Stn,tes and Cttnttda were smaller The lumber industry htts been concerned during the than in March 1934. Mill stocks of newsprint in the pttst month with developments affecting the N. R. A. United States declined slightly for the month while code. On April 10, 1935, the National Control Com Canadian stocks increased to a new high reco:i·d. mittee issued a statement that the code would be Publishers' stocks of newsprint, on hand and in transit, continued despite recent developments, including the at the end of March amounted to 32 days' supply, its decision of the Government not to prosecute the compared with 38 days' supply at the end of February Belcher case through the Supreme Court. ttnd 34 days' supply at the end of :March 1934. Another recent event of considerable importttnce to the industry was the decision of the Interstate Com- FOREST PRODUCTS STATISTICS - Lumber production Car loadings• 11 Employment PayroUs Newsprint - Unadjusted I j I Tur- Con- South- Cali- I Fur- Saw- P!Jn· SUMP- I Total Doug- South- ern Cornia Unad- Ad· nl- ill tme Tur- tion Im- Pro· adjust- las ern just- just- ture m s, I and Fur- pen- by ports due- ed 1 hard- red· 1 ad.' \ ad- rosin, Saw- Year and month ftr pine wood wood ed ed 1 ni· mills tine pub- tion justed I "usted Iunad- ture and !ish• [ justed rosin ers Month·[ Jy av· erage, Millions of feet, board measure Monthly average, 1923-25=100 Short tons 1923-25= 100 1929: March_····-··----· 91 351 ------I 315 44 93 89 110.9 86.8 !I 113.1 84.7 ------198,722 182,994 114,586 1930: March_·--·--·-···- 82 329 275 270 35 I 80 77 97.9 78.3 ------11 90.2 79.3 ------187, G04 187,499 113. 331 1931: March. ______49 186 165 165 22 47 45 77.4 46.5 92.2 65.5 39.1 57.5 179, 340 169,345 101, 447 1932: March ______26 103 104 90 15 27 27 64.4 26.9 72. 5 41.4 15.0 30.7 156,205 151,786 99, 955 1933: MarciL ______22 lOG 87 64 12 21 20 49.7 22.1 67.5 22.1 9.6 28.9 123, 402 114,752 76, 565 1934: March •••.••••••••••. 38 151 124 120 25 33 32 64.1 33.7 101.4 41.1 20.7 46.2 156,721 168,839 84,966 April. •••....••••.••. 33 153 117 135 24 33 31 63.0 34.5 101.2 40.3 22.5 53.7 160,815 196,490 80,505 May·····-·········· 33 132 118 116 26 35 33 64.5 35.6 102.4 40.5 24.2 51.4 193,088 204,036 89,726 J'une .•••••••••.••••• 31 77 108 146 26 34 33 64.7 34.2 98.6 I 41.2 23.2 51.0 154,175 200,004 82,260 J'ulyAugust -·-·············- ______29 70 99 116 21 30 30 64.9 33.1 97.3 39.3 20.9 50.3 150,500 197,2?:/ 74,017 36 144 99 101 26 31 29 I 62.8 33.0 98.3 42.7 22. 1 51.3 145,095 171,390 79,971 September..•••....•• 32 141 98 105 25 31 301 63.0 33.0 1l6. 2 44.6 22.3 52.2 151,000 159, 944 74,120 October ••••••....•.• 29 129 102 98 28 31 30 I 61.2 33.3 89.3 47.2 22.6 45.1 168,372 201,146 80,562 November .•••...•... 26 123 96 90 26 I 29 30 60.7 32.6 92.4 44.5 21.3 47.9 172, 287 194,392 74,851 December ... ------29 103 79 86 21 26 32 62.9 32.2 92.9 45.9 20.0 50.2 165, 496 222, b97 79, 777 1935: January.•.•...•..... 33 111 100 131 20 28 31 66.4 32.4 95.6 43.5 19. 1 52.7 157,870 160,973 80,576 February...... 30 144 102 146 23 36 35 67.6 34.2 95.3 47.1 21.4 54.2 lf>9, 816 138,6-17 70,812 ~larch. ______H5 103 150 23 34 33 70.3 34.6 99.7 49.7 22.4 52.3 171.139 181.597 73.528 Monthly average Janu- ary through March: 99 83 61 14 20 ------52.2 23.1 67.8 25.4 10.0 29.6 122, 385 113, 526 72,865 131 114 124 23 I 30 ------63.1 32.8 99.3 39.0 19.1 49.4 150, 54,5 1.54,058 79,793 133 102 33 68.1 33.7 97.2 46.8 21.0 53.1 166,275 160,406 74,972 1______, H2 i 2q ------mi======::: == == ~; I I Adjusted for seasonal variations. IOf forest products, 14 SURVEY OF CURRENT BUSINESS May 1935 Iron and Steel HE declining trend of steel-ingot production was The report on machine-tool orders for March T halted early in April, and more recently there revealed a favorable turn in this industry, following has been a slight increase in the rate of operations. For the set-back in February. Business during the past the month, it is estimated that production will be at 5 months has given evidence of the best demand for the rate of about 46 percent of capacity, compared machine tools since the low point of the first quarter with 49 percent in March and 53 percent in April1934. of 1933. In the first 3 months of this year, orders Production has been sustained largely by the volume were higher than in any quarter since the third quarter of orders from miscellaneous consumers. Releases of 1930. of the automobile makers and parts suppliers, which Structural-steel awards have picked up noticeably, had declined in March as stocks accumulated earlier but are still below awards for the same period of 1934. by the manufacturers were being utilized, have in An outstanding feature of April awards was the recent weeks been in steady volume. Farm implement, placement of an order for 16,000 tons for a strip mill refrigerator manufacturers, and tin-plate mills have in the Detroit area. Fabricators anticipate a sub continued to take considerable tonnage. Orders for the stantial volume of business from the grade-crossing heavier rolled products of the industry have remained elimination program as well as from other work to be at low levels. undertaken under the Works Relief Act recently Production of steel ingots in March was 5 percent enacted by Congress. lower than in February, on a daily average basis. The :New orders for steel sheets, as reported by indepen American Iron and Steel Institute reports that pro dent sheet manufacturers, were a little higher than in duction of ingots for the first quarter was 8,407,000 February, but lagged behind production and shipments. gross tons, an increase of 22 percent over the first Shipments of sheets represented the highest March quarter of 1934. total since 1930. First-quarter shipments were more · Pig-iron production in .March was at about the same than a third larger than in 1934. rate as in February. On April 1, the 98 furnaces in Shipments of finished-steel products by the leading blast were producing at a daily rate of 57,300 tons as producer in ~larch were about 15 percent above compared with 96 stacks producing at a rate of 56,700 February. For the first quarter shipments were 37 on March 1. Shipments of pig iron were stimulated percent in excess of shipments of the first quarter of prior to the inauguration of the freight-rate increases 1934. granted to the railroads by the Interstate Commerce Commission, which became effective April 18. ======;==G=en=e=ra=,,=o=r=er~.~~~=on=~~-N=_ccj1 =,~ S~•~:.Ero~ r,'.:: ~~:.~~~~~s=~e=~=, .=~=e=et=-~='_J= 1 . cr=~a~=rtrl_=:o~=:nl=_"'11 =====P=ri=ee=.==== 1 Produc- ~m- I Pay I1 • Pr • I l<'ur- '1' Pro- , . 1 New i finished ~~;l ~~:iT~teel-~~:hed tion, P oy- rolls, I Ex- im- : ~ 1 naces I due- 1 Per- I or- : Ship- prod- steel, I B~sse-~ scra_p steel, Year and month ad- I n:.':J~t, unad-~ports ports] ~it,,; : in •I tion I cent Iders 1 ments . uc.ts, com- ";Ier (Chi• com- justed' justcd' justed • 1 blast ! I of I I I shiP• posite 81 (Pitts- cago) posite 1 1 1 1 1 ·--:on~hly aver~ge, ,1'1 ;:,:=•':""""' ~~.ml! ·~:.::;~! -r:;- ,::~::JI'~:~ Do_ll_a_._~:-:-~:-~-:n_,_g_t_o_n_ -D-pe0-11l_':fo_" 1923-25=100 I ! I JulY------~£t======38!~ 68.8~~:! 45.5!~:! !1 ~u243 32~i t1,054~ig H62 t1,364~~! 23~~ i~~66 ~~78 378,023~ii: ~i~ ~~:32.24 ig Zl.OO~: ~ l9.19 ~~ ~:2.44 !! August______37 65.4 41.1 II 301 24 898 62 1, 2.12 23 1 77 73 370, 306 32.15 27.00 8. 50 2. 44 Seotember______3 9 32 10 2 00 8 75 2 44 October______41 65.6 42.8 220 20 951 65 I, 462 25 103 95 43, 62 . 7. . . !I 1 November______48 66.4 44.21 299 35 957 59 1,589 23 1 133 109 366,119 32.15 27.00 9.25 2.44 December______64 67.7 4_7.61283 20 1,028 69 1,942 35 193 142 418,630 32.39 27.00 10.31 2.44 W~: ' January______79 61l. 4 51.9 263 231 I, 477 90 2, 834 47 322 206 534, 055 32.58 27.00 11. ~~ ~- !! Februnry______79 70.1i 59.01229 29 !,flO\) \JG 2,742 52 201 ~~H!' ~;~t ~~-gg i~·:() ~·H March______n iO 9 1 59.5 I 323 21 1, i77 9'i 2,s:u 49 m 233 · , o6 •• • • o • 1-Ionthly avera~e January through . 1 I I 28. 01 2G. 00 5. 251 2.11 1\w~t::::::::::::::::::::::::: ~~ t.l.: ~ ~~: 6II Is~ §~ I dg~ I ~i il 2J~~ l~ I 1~~ ~~~ I' m: ng I 31. 28 2fi. 00 11.21 2. 31 1935______76 70.3 56,8 272 24 1,621 I 95 I 2,802 49 i 233 I 213 595,083 l. 32,-19 27.00 11.18 2.H 1 l Adjusted ror seasonal variations. I Black, blue, galvanized, and full finiolled. • See table on p, 19 uf the January 1Q3.1 issue. May 1935 SURVEY OF CURRENT BUSINESS 15 Textile Industries ALADJUSTMENTS in the cotton-textile indus The current difficulties of the cotton-textile industry M try became so pronounced by the latter part of are similar in many respects to those which existed 11arch that organized curtailment of operations was during the March-June period of last year. Produc undertaken in order to reduce an excessive accumula tion of cotton cloth during the first quarter of 1935 tion of stocks and strengthen the price structure. By exceeded sales by a wide margin, resulting in an accum the middle of April the situation showed some improve ulation of stocks almost as large as that which existed ment owing to the reduction in production and the at the end of July 1934. The N. R. A., on petition increase in cloth sales. Production of cotton cloth from the code authority, declared a 12-week emer declined from a weekly average of 126,000,000 yards gency period, effective on March 26, which permitted in March to 112,350,000 yards during the first 3 weeks general organized curtailment to the extent of 25 per of April and finishing operations were also generally cent in the maximum machine hours permitted under curtailed. Cloth prices declined throughout March the Cotton Code. Although a reduction was not and gray-goods prices continued downward during the ordered immediately for the entire industry, hours have first half of April. Some strengthening, however, been restricted in certain important sections. occurred in prices of finished goods. After allowance for the usual seasonal movement, The pronounced unsettlement in cotton manufactur cotton consumption in 1farch was about 5 percent ing contrasts with conditions in other branches of the lower than in February; it was also about 12 percent textile industry. Operations in the woolen industry below the figure for March of last year. Spindle have continued at a high rate through the first half of activity showed similar changes. Over this monthly April. In the rayon industry there has been a tendency period, changes in the production all(l sales of cotton to restrict operations, but production is still high. cloth appear to have been minor, but when compari Production of silk goods has been reduced notwith sons are made on a quarterly basis the high rate of standing the maintenance of silk deliveries to the mills operations, despite the sales trend, is apparent. at a steady pace. The relatively favorable trend in the Daily average wool consumption in Ma.rch was 18 wool and silk industries was responsible for the increase percent greater than in February. Machinery activity in the seasonally adjusted production index of textile declined, but production of cloth continued at a high production in March. level. TEXTILE STATISTICS ~ II C~!~n,l' Cotton and manufactures II-Wool I Wool manufactures II ~~ SUk ~~ I .!. I ~ I Cotton cloth I £, I ~ I Spinnin~ I Looms 11 c.~ B Operations, machln- :f 1-9-29-: ..-Ia-rc_h ___-_- __- __- __-_- __ -_ g69 1 911 '1' 60 67 49,878 '1: ______[____ - -~ ~ ~~~-?3~, ~· 1------j------1~1~~· 95~ 1 68 1,---g;-;-! -·~------14.998 19:3o: 1 rarch______99 oo1, >461 1,344 ______90.3 3i,19o 30 i! 39 46, s2.o 1 50,863 ______4.531 1 ~~I I ------~------l9:ll: March______97 j490,509 7,000 1 ____ J------1 72 41 40,373 'I 57 s1 .I 34 5~ i1 '!-~ 1 55,~83 ______2.5fl~ 1 1 ~!) 19:32: ~'larch______82 488,907 • 6,967 '------'------1 5fl.2 1 29,3b4jl 45 3/ 4b 11 62.,146,161 ------~·------1.611 32 I! 28 m~M:::~c~~-~~~~~~~~-~~~~~ 1 ::~: ;~;.-4~6- -~~.-6;~- ~~~~II ::::;:II ;: 1 4411 38 ::'II 1 ---~~.-~-.---~~--~- ---~~.-~- :: :::::; 1 ::::I :::::: ::::: ApriL______90 512,594 1 7, 259 122,951 106,388 88.2 29:88911 70 39 40 55 82.0 37,392 M. 7 35.7 48.6 1. 318 May------88 519,299 1 7, 268 114,803 107,128 86. 3 28,213 68 40 I 41 56 II 81.0 38,740 38. 1 29.0 31.5 I. 284 June______77 363,262 5,241 83,414 118,03·1 86.0 26,213 1 71 30 54 80.8 33,069 46.5 25.6 40.0 1.199 JulY------78 359,951 1 5,152 75,833 109,756 85.11 ?7,25~ I 71 31291 26 531 80.7[ 32,021 42.9 24.9 41.5 1.139 August______81 420,949 1 5, 753 84,499 101,057 86.4 28, 49a 1 72 26 24 51 78.9 1 36,247 4L 7 29.7 40.3 1.133 September______64 295,960 3,716 90,772 101,083 87.8 23,467 45 21 18 281 78.0 I 32,599 25.0 18.7 28.0 1.125 October______90 520,310 7,185 126,381 108,830 86.6 1 34,065 63 35 34 45 74.8, 49,1061 48.1 ------43.21 1.185 November______87 477,060 6,703 114,139 111,758 84.4 44,8581 66 4~ II 29 48[ 74.1 I 37,518 ------~------14.4 1.292 ,r:>ecember______97 413,535 6,027 107,379 107,585 84.3 57,065 71 6a 1 26 63 II 74.0 40,941 ______------46.8 1.358 1935 1 January______103 546,787 I 7, 510 j120, 203 100,0081 81.1 ' 58,370 1 85 74 :i 28 81 II 73.8 I 47,443 ______l ______i 55.0 II L 348 1 1 1 FebruarY------[ 100 478,291. 6,575[117,780 97,2J2 83.3 '151,fil6' 92 71 II 31 88 !i 7:3.61 41,732 1______! ______[ 51.3 1.432 1\larch______98 481,135 l1 6,663 .117,485, 97,7:l2l 8U i 65,006:1 81 29 8?. ~~ 73.1' H,347 1------1------45.21 1.327 1 1 61 il Monthly average January 1'!.. I II ! I , I I 1 1 through March: I '1 '[ 1.1' !I 11 i i I I · i 1 • 1 33 ' i 1 48 II i~~L::::::::::::::::: ~i ~~i: ~g~ 1 ~: ;~~ r112:os2 ·io3;6i4-l ~~: r Jll ~Ui~ !! ~~ 48 ! 36 ~X if ~u · ~~: ~~~ ~---59:s·t.---s5:2- ---wri u~~ 1935______100 251,036 6,916 118,489 98,324 83,3, 58,331 ,I 86 69 1. 29 84 73.51 44,o07 1------'------1 o~.·> I' 1,369 1 1 1 1' I : ! 'I I I ! : I ------I Adjusted for sea•onal variation•. • Printed only. 'Grease equiv•lent; see note on p 54. 'Twisting spindles. 16 SURVEY OF CURRENT BUSINESS May 1935 Developments in the Chemical Industry By T. W. Delahanty, Assistant Chief, Chemical Division UBSTANTIAL improvement in the chemical in 22, 19:~5, in celebration of the three-hundredth anni S dustry occurred during 1934 and further gains ,,·ere versary of chemical manufacture in this country. made in the first quarter of the current y0ar. The industry has been quick to respond to the expansion Conditions Improved in 1934 in business activity and has in recent p0riods presened \Vhile 1934 wns not a census year and it is not possi the enviable record established during the depression. ble to measure the extent of the gain in the value of In part, this relative success has been owing to the products of the industry for that period, sufficient initiative of the industry and th0 constant stream data are available to indicate that production m1s sub of new products and new uses emanating from the stnntially higher than in the last census year, 1933. laboratories, \\·hich are an important and integral part Table 1 presents the production statistics for some of of the industry. the leading items for 1933 and 1934. K umerous prod Table !.-Production of Chemicals ucts not listed in the table were also produced in larger [Based on the data carried in the Sun·ey of Current Business, excepting the volume in 1934 than in the preceding year. Alkali statistics on sulphur, cool tar, phosphate rock, and potash, which represent Bureau of Mines annual totals] output was estimated to have advanced 4 percent in 1934; production of caustic soda was estimated to have i Percent 1933 I l:l:H cbange been larger than in any other year since 1921, with the 1---- exception of 1929. Ammonium-sulphate and coal Alcohol: I Denatured ...... 1,000 wine gaL. 73, SJG I ~'5, SSG +29. 2 distillate production likewise increased, and synthetic EthyL ...... 1,000 proof gaL. 13b, 189 ISO, 104 +30.4 Methanol: camphor production exceeded 30 percent of domestic Crude ...... gaL. 3, 079,286 3, 7213, 230 +21.0 Synthetic...... gal .. 8, 793, 152 12, 534, 424 +42. 5 consumption. Explosives (new orders) ...... 1,000 lb .. 249,365 307, 3~.5 +23.3 Sulphur ...... long tons .. 1, 406,063 1, 427, 4 73 I +!.1 Numerous important chemical industries have not Sulphuric acid l ...... short tons .. 1, 366, 973 1, 5Hl, 504 +1!.2 Fertilizer, Southern States, consumption been mentioned in the foregoing paragraph because short tons .. 3, 133, 187 3, 547,593 +13.2 Superphosphates ...... short tons .. 2, 6114, 870 2, 868,016 +6.·1 of the lack of current statistics. An appreciation of Pine oiL ...... gaL. 2, 830,093 3, 548,678 +25.4 Rosin: the importance of these industries may be obtained by Gum (receipts) ...... hbl. 500 lb •. 979, 599 1, 030, 574 +5.2 Wood ...... bbl. 500 lb .. 430, !60 505,224 +!7.• ) referring to table 2, which presents the summary Turpentine: Gum (receipts) ...... bbl. 50 gaL. 257,682 247,403 -4.0 statistics from the Census of Manufactures for the 2 v\'ood ...... bbl. 50 gaL. 68,440 81, 688 +19.4 Paints, varnish, and lacquer products (sales) ' years, 1931 and 1933. 1,000 doL. 222, 761 2&2, 463 +26.8 Paints: vYhile it is not evident from this table, it is a fact Calcimines ...... dollars .. 1, 578, 4g8 2, 699,545 +7!.0 Plastic ...... dollars .. 1, 102, 163 417,127 -6'2.2 that the chemical industry made a relatively better Cold-water ...... dollars .. 734, 994 823, 5~6 +12.1 Cellulose plastics (s, r, and t): showing in 1933 than did manufacturing industries as Nitrocellulose ...... 1,000 lb .. 11,919 12,360 +3. 7 Cellulose acetate ...... 1,000 lb .. 2,484 4, S24 +94. 2 a whole. For example, the value of output of the Coal tar...... 1,000 gaL. 363,299 419,000 +15.3 Phosphate rock ___ ------_____ long tons __ 2, 309, 269 2, 677, 277 +15.9 chemical and allied industries declined 17 percent, Potash (K20) ...... short tons .. 143,378 I 144,342 I +.7 I while the products of aU manufacturing industries 1 Produced by fertilizer manufacturers. dropped 24 percent in value. Similarly, the average 'Represents about 80 percent of totai sales. number of wage earners employed during 1933 was So rapid have been the developments during recent 3 percent more than the number employed in 1931, years that increasing public attention has been drawn as compared with the recession of 7 percent for all to them and this has tended to create the impression manufacturing industries combined. that industrial chemicals are of very recent origin. It Sample dntn, from the Bureau of Labor Statistics is perhaps not unusua.l even today to hear one speak of reveal the extent of improvement in the volume of the American chemical industry as a post-war dewlop employment and pay rolls in the industry in 1934. ment acquired from abroad. The domestic industry Average monthly employment for this period was 1.5 is, in fact, far from an "infant" industry, as is eYident percent in exces:s of employment during the preceding from the American Chemical Industry Tercentenary, year and average weekly pay rolls were up 20 percent. which was held in New York during the week of April Employment in the chemical and allied products May 1935 SURVEY OF CURRENT BUSINESS 17 industries in March 1935 was only 2.5 percent less Technological Progress than the average for 1929. Pay rolls were about a Technological progress during the past year resulted fifth less. not only in the introduction of new products, but also Profits Larger in All Major Divisions in 1934 permitted the greater utilization of waste materials and a wider and more intelligent use of existing mate Annual reports so far published for the year 1934, rials. It is possible to cite only a few of what are representing an important part of the industry, record apparently the significant technological developments. larger profits in all major divisions, and the few reports available for the first quarter of 1935 reveal relatively UNITED STATES EXPORTS favorable results for this period. The 1934 returns OF for leading companies have been tabulated by a leading CHEMICALS AND ALLIED PRODUCTS New York bank and show the following results: 1933 AND 1934 MILLIONS OF ~OLLARS Five fertilizer concerns, which reported a deficit of 20 2!: 27~ million dollars in 1933, had a profit of over 2 million INDUSTRIAL CHEMICALS dollars in 1934. Profits of 8 paint and varnish pro NAVAL STORES, ducers were 7 million dollars in 1934, or 7.1 percent GUMS, ETC. greater than in the preceding year. Twenty drug and PIGMENTS, PAINTS, sundry firms reported profits of 37?~ million dollars, VARNISHES 24 percent greater than in 1933. Twenty-five indus GOAL TAR PRODUCTS trial chemical producers had a profit of 1177~ million dollars, 21 percent more than in 1933. While the FERTILIZERS performance of these leading companies may have been INDUSTRIAL above the average, there is little doubt that results CHEMICAL SPEC. for the entire industry were superior to those of 1933. The rising volume of business and profits, together MEDICINALS with new developments, resulted in a noteworthy SULPHUR program of construction and modernization in 1934. rL'Z Among the new plants completed or under construction TOILET PREPARATIONS were the 3 exceedingly large alkali and 2 new sulphur PVRO'I<.VLIN plants located in the South, 3 titanium pigment plants, PRODUCTS ...... ~ Table 2.-The Chemical and Related Industries (Bureau of the Census) DRUGS, ESSENTIAL OILS _.. 6 - 1934- 123,61>4,000 Value of INDUSTRIAL r::z2l 1933-' 106,7 3 I, 000 Number of Wage earn E'I<.PLOSIVES establish ers, average products ~ __l I mentsl for year • (thousands Industry of dollars) 1931 1933 1931 1933 2 1931 1933 Bromine, for example, formerly extracted from ------1------interior salt-well brines is now extracted from sea Alcohol, ethyl, and distilled liquors..... 27 51 997 2, .114 21,741 60,850 water; synthetic resins, a spectacular coal-tar develop Baking powders, yeast, etc______45 40 2, 881 2, 690 47,027 31,975 Blackings, stains, dressings ______----_ 156 154 I, 501 1, 625 20,343 19, 056 ment of years of study, now draws upon petroleum Bluing._------______20 16 95 77 1, 179 1, 033 Bone black, carbon black, lamp black.. 62 48 1, 039 1, 449 9, 535 8, 507 and other non-coal-tar materials with the resultant Chemicals, not elsewhere classified..... 558 541 4R, 522 53,190 533, 175 476,503 Cleaning and polishing preparations____ 388 327 2, 449 2, 755 48,007 41,048 wider variety and specification possibilities. Textile Compressed and liquefied gases______349 326 2, 844 2, 763 41,806 32,007 Druggists' preparations ______2 449 411 14,087 12,920 '173,897 146,776 detergent requirements (soaps) may now be met by Drug grinding______23 22 661 630 9, 159 6, 399 Explosives. __ ------______78 66 4, 733 4, 168 46, 25R 35, 106 sulphated higher alcohols. New solvents have recently Fertilizers______599 522 14, 551 13, 063 154, 350 94, 939 Glue and gelatin______72 63 2, 559 2,013 27,516 17,163 been evolved and have entered consumption on a Ink, printing______171 160 2, 247 2, 094 32, 188 26, 166 Linseed oil, cake, and meaL.______28 22 1, 837 1, 625 62, 883 40, 463 tonnage basis. Synthetic rubber, which up to 1934 Oils, essentiaL______12 12 128 l7 5 3, 505 3, 094 Paints and varnishes______I, 039 961 22,521 22, 880 350, 726 289, 443 was a pilot plant product, has blossomed into large Patent and proprietary compounds ..... 'I, 246 965 2 9, 586 8, 740 '153,818 138, 145 Perfumes. cosmetics, toilet preparations. 658 400 2JO, 026 8, 978 2153,818 99, 049 scale production and chemically-treated rubber finds Tanning materials, dyestuffs, etc______116 124 I, 962 2, 141 26, 469 23, 322 Turpentine and rosin______953 843 28,257 26, 285 16, 506 16, 427 new outlets in paint and other channels. Solid carbon Wood distillation and charcoal manu- facture.______63 54 2, 654 2, 731 11,440 11, 036 dioxide, which has been meeting refrigeration require Matches ... ------19 18 3, 369 4, 726 18,473 26,373 ments in numerous outlets, now faces a competitive I This item is an average of the numbers reported for the several months of the development; crystal urea, a highly concentrated year. In calculating it, equal weight must be given to full-time and part-time wage earners (not reported separately by the manufacturers), and for this reason nitrogenous requisite for fertilizers, has become a ton it exceeds the number that would have been required to perform the work done in the industries if all wage earners had been continuously employed. nage reality; cellulose nitrate, the inflammable base 2 Revised; comparable with 1933. of pyroxylin plastics, encounters the competition of a second potash plant, 4 synthetic organic chemical the growing cellulose acetate industry, and potassium establishments, and the first commercial plant in this carbonate formerly imported is now made in the United country for the manufacture of urea. States. 131230-:15----!l 18 SURVEY OF CURRENT BUSINESS May 1935 Boron carbide, an abrasive akin to the diamond in gain in imports of sodium nitrate after 2 years of rela hardness, is now commercially available, and sodium tively small receipts, the continued rise in imports of oxide, a concentrated alkali, may become an interesting cyanamide from Canada; the sharp drop in incoming new material for varied processing. Oligodynamy, an shipments of guano as a result of the failure to obtain old scientific principle, has now become an acquisition supplies from Peru; the spectacular increase in im to branches of industry concerned with bacteriological ports of "other nitrogenous materials" due chiefly to control. added imports of ammonium nitrate type fertilizers; and in the industrial chemical group, to the decline in Foreign Sales Expanded The expansion of sales of domestic chemical prod UNITED STATES IMPORTS ucts in 1934 was not confined to the United States. OF American chemical products were exported to many CHEMICALS AND ALLIED PRODUCTS markets throughout the "world to the amount of 1933-1934 $124,000,000, a figure which was, however, less than the exports in any year since 1922, except 1933. MILLIONS OF DOLLARS 10 20 Increased production of chemicals, and the expan sion in manufacturing activity generally, has created FERTILIZERS an increased demand for imported chemicals and chemical raw materials not available in the United /N/JfiSTRIAL States in adequate quantity. However, the gradual CHEMICALS shift to the use of synthetic domestic products in the COAL TAR place of natural products has tended to reduce imports PRO!JfiCTS during the past 4 years and may permanently alter the volume of imports. Imports valued at $96,400,000 in 1934 were more than in 1933 and 1932 but less than in other recent years. TVNG OIL Although in examining the chart of exports of chem icals by major groups, consideration must be given to the difference in prices during the 2 years, nevertheless, there were many gains in the volume of individual com modities exported. Some of the larg8st increases in 1933 ~ Total lmporfs $86,000,!XXJ exports of industrial chemicals in 1934 were in calcium /lfEIJICINALS 1934- Total Imports $96,!XXJ,!XXJ chloride, which nearly doubled in quantity, in sodium and potassium compounds, organic and inorganic acids, aluminum sulphate, and copper sulphate. Commodi ties included under the industrial chemical specialties class which recorded quantity gains were nicotine imports of a comparatively large number of individual sulphate, lead a•senate, other agricultural insecticides, commodities which recorded the lowest volumes im household insecticides, disinfectants and similar prepa ported for the past 10 years. rations, petroleum jelly, dextrine, rubber compounding This review is based largely on material gathered for agents, cementing preparations, metal-working com use in a forthcoming Trade Information Bulletin No. pounds, and automobile polishes. 823 entitled "World Chemical Developments in 1934." In the paint group, exports of ready mixed paints, In addition to the factual presentation on the do stains, and enamels were up 50 percent in quantity in mestic chemical industry, information is also provided 1934 as compared with 1933. All classes comprising in this bulletin relative to our principal industrial com the fertilizer group gained in tonnage. Larger quan petitors and markets. Developments in 46 countries tities of essential oils were sold abroad. are reviewed and 25 countries are treated extensively. Soviet Russia and the South American Republics are Shifts in Import Trade stressed-the former as a new competitor and the latter Among significant developments in the import as a market which is progressing industrially. trade were: The substantial decline in receipts of am It is expected that this Bulletin will be available for monium sulphate from the record imports of 1933; the distribution early in June. May 1935 SURVEY OF CURRENT BUSINESS 19 MANUFACTURED GAS-CUSTOMERS, SALES, AND REVENUE 1 Customers Sales Revenues from sales to consumers 1 1 Year and month Total IIDomesticl Total IIDomestlcl h~~r.~eg 1 :n'!:mercia!:,!~~~ h~~tl~eg ~~::JI~!~~mercia! 11-----~------~----~------Thousands Millions of cubic feet Thousands of dollars 1929 January __ ------ !0,06.4 9, 599 32 427 36,078 25,201 2,141 8,528 39,679 30,156 I, 786 7, 565 February_------10,077 9,607 33 430 35,441 24,304 2, 259 8,682 38,929 29,244 1,869 7,646 March ______10,101 9,633 23,358 37,296 28,003 1, 553 April ______33 429 34,085 1,841 8,692 7,574 10,150 9,680 32 432 33,647 23,309 1, 316 8,836 36,987 28,070 1, 087 7, 663 MaY------June ______10,212 9, 739 32 434 34,205 24,160 958 8,908 37,561 29,029 849 7,494 July ______10, 236 9, 748 30 451 32, 650 23,524 429 8, 538 36,457 28,534 391 7,387 10,249 9, 768 24 450 29,341 20,752 130 8,312 32,970 25,586 131 7,102 August ______10,310 9,832 22 448 28,903 20,477 77 8,198 32,617 25,396 86 6,995 September ______!0,335 9,852 27 449 31,215 22,558 150 8,342 35, 133 27,668 151 7,173 October ______------10,372 9,876 37 451 33,487 23,898 696 8, 703 37, 163 28,956 616 7,441 November ______10,384 9,884 42 451 33,607 23,278 1,559 8, 569 37,119 28,198 I, 314 7,458 10,396 9,893 44 452 35,999 24,509 2, 705 8, 559 39,458 29,439 2,244 7, 610 December.. ------1------1------TotaL______122,884 1!7, 111 389 5, 302 398, 657 279,328 14, 261 102, 866 441, 369 I 338, 280 I 12, 076 89,108 Monthly average______10,240 9, 759 32 442 33,221 23,277 1,188 8, 572 36, 781 28, 190 I, 006 7,426 1930 January__ ------10,398 9, 890 45 457 37,860 25,593 3, 046 8, 993 41,075 30,521 2, 471 7, 910 February------10,347 9, 839 45 456 36,498 24, 127 3, 057 9, 072 39,565 28,985 2,499 7, 910 March ______10,372 9,867 45 454 35,256 23,644 2,495 8,884 38,322 28,407 2,006 7, 736 ApriL------10,397 9, 887 45 457 35,777 24,295 2,123 9, 181 38,899 29,084 I, 703 7, 945 May______10,472 9,962 44 458 34,254 24,315 1,072 8, 705 37,789 29,139 949 7, 526 June------10,372 9,862 43 461 32,892 23,869 526 8,329 36,857 28,934 532 7, 247 July------10,435 9, 933 36 459 28,966 21, 172 171 7, 448 33,038 26,070 174 6, 662 August.______10,434 9,932 34 460 27,444 19,986 118 7,200 31,483 24,798 128 6,426 September.. ______10,485 9,981 37 459 30,248 22,482 164 7,438 34,459 27,519 169 6, 627 October..______10,497 9,980 47 462 32,852 24,058 706 7,883 36,901 29,160 628 6,950 November______10,485 9, 966 52 459 33,293 23,237 1 I, 943 7, 903 36,990 28,099 1, 597 7,133 December______10,422 9,900 54 --~ 35,296 ~~-2,964 --~002 38,677 28,891 2,380 7,238 TotaL ______125,1!4 119,000 528 5,504 400,636 280 880 I 18,384 99,038 444,055 339,607 15,235 87,310 Monthlyaveruge______10,426 9,917 44 459 33,386 23,407! 1,532 8,253 37,005 28,301 1, 270 7, 276 JanuarY------~~~~------!0,427 9,904 55 461 37,585 25,2431 3,759 8,365 40,661 30,012 2, 960 7, 542 February______!0,378 9,84_4 54 472 35,020 23,!59 3,436 8,236 38, 109 27,890 2, 718 7, 370 March ______10,404 9,875 52 470 34,476 22,926 2,976 8,374 37,460 27, 488 2, 390 7, 4!9 ApriL______10,393 9,865 52 470 34,709 23,739 2,375 8,410 1 37, 979 28, 461 1, 955 7, 403 May______!0, 459 9, 916 52 484 33,659 23,934 I, 431 8,136 37, 244 28,744 I, 198 7, 174 June. ______10,410 9,867 50 488 31,794 23,390 603 7,659 35,903 28,465 512 6, 806 July ______10,436 9,902 45 483 28,140 20,863 215 6,935 32,399 25,856 202 6, 235 August______10,438 9,905 43 484 26,780 19,806j 157 6,688 30,972 24,682 !56 6, 030 September..______10,483 9,947 44 486 29,540 22,273 197 6,917 34,000 27,444 193 6, 243 October______!0,468 9,928 52 482 31,716 23,792 629 7,1!9 35,903 28.881 557 6, 341 November ______10,379 9,836 57 480 32,105 23,026 1,545 7,348 35, 730 27,794 I, 229 6, 545 December______10,344 9,796 59 482 33,154 22,936 2,584 7,430 36,206 27, 472 I, 992 6, 602 ------·------··------1 ------1----- TotaL______125, 019 118, 585 614 5, 742 388,677 275,087 19,908 91,617 432, 563 333, 190 16, 061 81, 710 Monthly average______10, 418 9, 882 51 479 32,390 22,924 I, 659 7, 635 36,047 27, 766 1, 338 6, 809 1932 January ______10, 246 9, 740 58 439 33, 419 23, 405 2, 942 6, 842 37, 583 28, 775 2. 283 6, 370 February ______10,226 9, 717 58 442 31, 819 21, 741 3, 006 I 6, 858 35, 720 26,857 2, 323 6, 390 March ______!0,195 9, 686 58 443 33, 465 22, 999 3, 249 7, 004 37, 293 28, 128 2, 490 6, 520 ApriL ______10,212 9, 703 58 443 32,717 23, 152 2, 620 6, 759 36,892 28,418 2, 006 6, 324 May ______10, 175 9, 669 57 441 30, 454 22, 777 I, 321 6, 184 35, 094 28, 048 I, 055 5, 855 June ______10,135 9, 634 52 I 442 28, soo 22. 288 1 471 5, sss 33, 820 21. 767 396 5, 530 July______10,068 9, 576 44 440 26, llO 20, 359 210 5, 402 31, 049 25, 656 199 5, 082 August. ______.------10,017 9, 526 46 437 24, 225 18, 780 I 160 I 5, 136 29, 096 23, 958 153 4, 873 September ______10,010 9, 521 48 435 26, 716 21, 060 201 5, 292 31, 695 26, 368 188 5, 016 October ______9, 981 9, 481 57 November ______9, 914 9, 411 61 I, 1. December______:~: ~~: ~~~ ~G: ~;~ ~~~ 1 ~: z~s ~~: ~~§ ~~: n~ ~~~ ~: m 9, 856 9, 351 61 435 __3_o_. 7_35_ 21, 407 2, 9371 6, 162 34,024 ~ ~ __ 5, 716 Total ______121, 033 115,016 657 I 5, 264 356, 352 261, 143 19, 666 73,282 408, 596 323,238 15, 148 68,557 Monthly average ______10,086 9, 585 551 439 29, 696 21, 762 !, 639 fl, 107 34, 050 26, 937 I, 262 5, 713 1933 January __ ------______9, 736 9, 237 60 430 31, 126 21, 7ll 3, 0821I 6, 128 I 34, 214 26, 2,)51' 2, 166 5, 649 February ______9, 702 9, 206 60 427 29, 666 20, 355 3, 046 6, 072 32, 657 24, 808 2, 151 5, 561 March ______9, 714 9, 217 59 428 29,839 20, 782 2, 941 5, 912 32,812 25,142 2, 069 5, 449 ApriL. ______--- 9, 718 9, 222 59 428 29, 313 20, 8ll 2, 306 6, 029 32, 370 25, 222 1, 668 5, 350 May ______9. 689 I 9, 196 56 429 28, 722 21, 0381 I, 287 I 6, 243 32, 064 25, 581 952 5, 390 June. ______9, 755 9, 265 51 429 27, 303 20, 543 438 6, 183 31, 100 25, 3821 361 5, 244 July ______9, 751 9, 267 44 432 24, 793 18, 461 212 5, 990 28, 429 23, 132 194 I 5, 003 August. ______9, 774 9. 288 44 434 24,223 17.916 182 5, 995 27.847 22. 577 171 I 4. 999 Septem her ______9, 830 9. 340 49 434 26, 219 19. 915 251 5, 911 30, 122 24. 764 I 225 5, 020 October ______9, 847 9. 336 69 434 28. 121 20. 959 • 837 6. 146 31. 614 25. 646 623 5. 218 November ______9, 821 9, 300 78 434 29, 252 20, 164 2, 478 6, 410 31, 818 24, 593 'I I, 641 5, 452 December ______9, 818 9, 292 81 436 30, 966 20, 504 3, 641 6, 619 32, 843 24, 800 2, 334 5, 572 Total ______ll_l__ 1-64- ---7-10--l---5-,1-7-4-ll--3-3-9,-5-42 243, 160. 20,699 --73. 637 377,888 297,902 14.553---63,900 117, 155 1 Monthly average ______9, 763 1934 January __ ------9, 776 February ______;: ;. ; ;;; I ;; 9, 807 ~; ~; ~: ;~1 ;~~ ;; 1 Compiled by the American Gas Association and represent a revision of the data shown on pages 19 and 20 of the May 1933 and page 20 of the May 1934 issues, as well as in subsequent monthly numbers, The revisions were occasioned by the fact that two or three companies changed from tbe distribution of manufactured gas to natural gas during the year !934, The data of these companies so reclassified were eliminated from the series on manufactured gas and transferred to natural gas series from 1929 to date. See p. 39 for the figures subsequent to February 1934. 20 SrRVEY OF CURRENT BUSINESS May 1935 NATURAL GAS-CUSTOMERS, SALES, AND REVENUE 1 Customers Sales Re,·enues from sales to COllSUDlCl'S Year and month \' ilndustrhtll II iindush·ialll I: i Industrial Total I Domestic I and com- I Total II Domt•stic and c~m-! Total ij Domestic i and c<:m- 1 mereial 1 merCial 1 mcrrml II I II Thousands J\Itlhono of C'UbiC ,feet I Thousands of dollars !i 1929 1 January ______------___ __ 0,003 4, 621 380 99,000 i 43,802 54,403 38,901 III 24, 909 13, 805 4, 9H7 4, 613 383 102,nu :1 45, 641J 56,324 3H, buO I 25,612 14,063 K{~ic~~r-j~:::::::: ::::::::::::::::::::::::::::::::::::I 4, V73 4, 580 384 H1, 561 :1 36, B/0 54, 04~ 34,953 II 21, 535 10, :.:.~6 4, 9S5 4, 590 394 7B, 685 I :25,937 51,9221 29 244 I 16,574 1:.2, 401 u:~l_-_:::::::::::::::::::::::::::::::: :::::::::::::::: 4, 979 4, 5.S5 74,584 • 21, 672 51,944 25:984 j 1 14,693 1:C, 1GO June ______------: 4, 91i7 4, 575 3903941 66,095 I 14, 703 50,544 23, 149 i 1 11, 498 11,478 1 July __ ------______: 4, \Hil 4, 574 3b5 58, 275 i 7, t502 49,8071 19,314 b, 149 10, V~7 August._------______· 4, 1}()7 4, 581 :l>4 59, 801 5,419 54,434 19,040 7, 368 11, 499 September. _____ ------I 5, 004 4, 616 3b7 61 041 I 7 268 52 888 19,862 8, 246 ' 11, 459 October ______5. 112 4, 708 402 n: 295 1 12:084 5\1:1541 23,423 w. 7\JSI ]:.;, 413 November ______------1 5,160 4, 756 403 87,841 I 25,314 61,006 30,511 16, 95V 13,291 December______1 I 5, 172 4, 763 408 __101, 86:._1 38,307 ______62,066 , I 37,189 ::3,001 13,924 ,_------,---- Total ______60,280 55,570 4, 693 953, 758 1 284,626 657,540 342,439 I 1&9, 441 I 150, 726 i 1 Monthly average ______5, 023 4, o:ll 3\.H 79,480 i: 23, 719 54, 195 : 28, 5371 1.s, 787 I 12,560 I :I I 1930 ' I Januar:t· ___ ------______---- ______---: 5, 476 5, 046 ' 429 10~. 908 !i 45, 791 63,042 ' 42.841 I 21, 326 I 15, 284 February------____ ------______5, 470 5, 040 ~ 429 ! 107, 428 ; I 45, 5o2 60,736 ' 41,994 i 26, 703 i 15,002 5. 46:l 5, o:ll I -131 ! 95,025 ! 59,012 : 36,136 21 772 : 14,1M J\Iarch .. ___ ------______, 1 uo 923 1! I 1 5,4:H 5,002 ' 427 i ~f· ~~~ 58, oo3 33,m ! 19:9-19 1 1:0,743 ~r,~l_._:: :::::::::::::::::::::::::::::::::::::::::::::: 5,4H 5, 021 421 7'2: 60'1 li zo: 737 1 51, 004 1 14 \!82 11,918 ! 27.067 June ______------5, 411 4, ~H:l5 414 14, 962 I 50,049 i 23, 573 I'I 12,206 11, 177 July ______------______5,392 4, Ui!J 410 i ~~:~f~ 11 8, 905 1 47, ~78 : 19, 762 I 9, 269 JU, 300 5, 3-!G 4, 937 I 407 ; 5ti, (i7~ II 7,045 48, 751 : 18, 738 !i 8, 3GO JU, ~51 5, 392 40f: 1! 5::!, 771 I 8,453 49 553 ; I 9, 094 10,:093 ~· ~~; I 417 I tlti, 0~~ ! 805 5:!: o47 . 1 ~~· ~f~ iI 11, 705 11, Ob~ ~· H~ !~· '',- ;I i I t1~~~.:·:·~~~·::·~:······•••:•··················-··Monthly average __ ------______~.~~ ~;.~!il,,--,~ ~~~~!1. ·~:~ ~~~~~- ~.~!-~:.~ '.. ~.-~--·~.:~~~~~·~ 2~:::::16, b82 l::~g12, 347 JanuarY------~~~~------.\,537 ; 5,~45j 2~0 !1 102,820 1 52,140 50,095: 42,718 31,009 11,620 FMec?rrcthm_r_y_- ___--_ •__ --_-_- ____-_-_-- __-- __-- __-_-_-- ______-_-_-- __-_-_-_-- __-_-_-_-_-_-- __-_- _--___ ~. :;, 576 I 5, 270 304 Ill 91, 298 I 4.l, 382 47, 341 37, 357 26, 1971 11,010 • ,. 5, 5o2 , · 5, ~;;G I 303 I 88, IS40 40,556 47, 146 I 35,855 24,718 10, ,95 ApriL ______, 5,547 :1 3,242 1 303 'I 85,340 3G,l57 4~.479 I 33,368 22,535 10,7.14 MaY------5,556 11 5,250 I 303 1 70,3631 27,5971 42,033 i 27,699 18,455 !!,163 June------: 5,501 5,~07 292 59,769 17,945 41,162 1 22,257 1 13,o25 li,3ti0 1 1 JulY------· 5,464, 5,176 I 286 11 53,304 10,640 j 41,909 1 18,570 II 10,267 o,232 August.------, 5, 444 :1 5, 161 1 281 , 1 51,397 9, 505 41, 166 , 17,651 j 9, 701 7, ~>53 September______5,458 ! fl,17G 1 2SO II 54,905 10,953 43,093 ·~ 18,580 , 10,478 8,012 October______. 5,463 1 5,181 1 280 61,081 14,591 45,650: 21,040 I 12,561 o,3,9 November. ______I 5, 513 1 5, 223 2o9 71,273 24,993 45, 5l:l 26,515 17,554 8, 801 1 December. ______! 5,518 !1~_5,220 1___296 i __S~448 -~~~:, --~::_612: ~:_--~~~ 1 TotaL ______! 66,138 ~.~ 62,608 3,506111 874,836 326,181 539,049 ;j 335,2521 221,341 112,617 1 Monthly average ______· 5,512 i! 5,2171 292 I 72,90311 27,182 44,921 ~~~ 27,9381 18,445 9,385 1 ~~:~~~:::::::::::::::f~~~:::::::::::::=:::::::::::i ~:m 11 ~:~~8 ig~ n:g~~ I H:m ~~:m l~fi 1 :r:m :tm ApriL ______. ,\,5341 5:231 301 74,113 33,478 39,710 30,502 21,695 8,661 May______5,498 5,204 292 1 61,512 23,536 37,4271 24,413 16,698 7,620 June------· 5,457 5 17'' 283 55,139 ] 16,445 38,198 20,117 12,849 7,192 1 ·r tU!i iit;r~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~=~~~~~~~jl"ovember ______' t~i~5, 498 ~~ u~~5, 193 303~!~ in~70,392 26,158 43,~n~i 200 26,524!Hr~ 17,673tHl~ 8,n~~ 701 1 December·------: __5,460 5,156 302 83,6681 37,921 44,6491 32,915 23,392 9,365 TotaL. ______! 6~::~: , 62,280 3,514 803,654 315,056 479,538 3~::::: 214,705 98,549 Monthly average------1 5,190 293 66,971 26,255 39,962 11 17,892 8,212 111 1933 I 1 1 ~aeb~~'ir;.:::::::::::::=::::::::::::::::::::::::: ::::: i g: mI ~: 8!~ ~~~ i I ~~: ~~! ~~: m !~: mI ~~: ~~~ ~~: ~~g ~: ~;~ ~;;;1~:::::::::::::::::::::::::::::::::::::::::::::::! ~:~~g ~:8~~ ~~!I ~~:m ~:Mk ~~:~~! ~~:~~~ iU~~ ~:m ~~::::::::::::::::::::::::::::::::::::::::::::::::=~ u~~ t~~ ~~~ ~ ~tm ~~:m H:m ~Hi~, ;~:~~~ ugg te~~~ber::::::::::::::::::::::::::::::::::::::::::: I ~: m ~: g~~ ~~~ I ~~: ~l~ ;g: ~~~ !~: g~~ i~: ~g~ 16: ~~g ~: ~~g ~~t~~:ber:=::::======::::::::::::::::::::::::: : ::: i ~: :~g g: ;~ ~~~ I1 ~~: ;~~ ~: ~~~ ~i: ~~I ~~: ~~~ i~: m ~: ~~i December_------1 5,503 5,162 338 83,0n9 31,470 50,580 30,589 20,293 10,124 TotaL------1 64,432 --60,621 ~--3.792 ~~-818,231 j2ss~ 521,48711 302,026 197,585 103,031 Monthly average ______~~;~------~ 5,369 5,052 f 3161 68,1861 24,033 43,457 25,169 16,465 8,586 ~aeb~~?;y-::::::::::::::::::::::::::::::::::::::::::::1 u~~ II ~: mI ~~~II ~i:g~8 i ~~:~g~ ~8:m I ~g~g ~::~~i i~:8~6 ' See footnote on p 19. May 1935 SURVEY OF CURRENT BUSINESS 21 WEEKLY BUSINESS INDICATORS [Weekly average, 1923-25=100] 1935 I 1934 1933 193~ 'I I 1935 I 1934 1.~1 1932 ITEM Apr.IApr. Apr. Apr.IApr.,Apr. Apr. Apr. Apr. Apr.l ITEM :Apr. :Apr.l_\pr. Apr. Apr. Apr. IApr.,Apr. Apr.IApr. ------l--=2"---7 _2_0__ 1_s _ _ z_s _ _2_1 __ 1_4 __ 2_9 __ 2_2 __ 3_o ___ 2_3 ______,:~z'~!~._IL ~ ___.3.!_ ~ ~ ~~~ ~ Business activity: I Finance-Continued, : ! i I I ! 1 New York Times••------84.0 85.6' 85 4 84 6 83.7 72.2 69.0 68.1 68 9 Banking-Continued. 1 , I 1 : 1 Business Week',______62 7 62 7 66.1 65 9!' 65.5 56.3 53.6 56.8 57.4 Federal Reserve repo!t-: : • 1 ! : i Commodity prices, whole· mg member banks:§ 1'.. , , I I I sale: Deposits: ~ 1 1 1 1 I Dept.ofLabor,1926_=100: _ 1 1 Netdemand ______,147.tll146.61143.4120.0119.5118.9 91.4 88.8 92.3 91.5 Combmedmdex(tS4) .. _ 80.3 80.3 79.9 73.5 13.3 73.3 61.5 60.4 65.5 65.81 Time ______l125.41125.41124.9124.1123.1122.6117.3117.1125.4124.71 Farmproducts(67) ___ 81.7 81.8 81.0 59.1 59.7 60.5146.4 44.6 4~.8 49.7 Loans,totaL ______I67.9 67.8 67.5 72.9 73.1i 74.6 77.6 76.4 95.1 95.8 Food (122) ______85.4 85.3 84.5 66.6 66.6 65.8 58.1 56.2 6l.Oit;l.O1 Interest rates: • I Allother(595) ______77.5. 77.3 77.2 79.2 78.8 78.9 66.2 65.5 71.0 71.1 I Callloaus; .. ______, 6.11 9.71 24.2 24.2 24.2 24.2 30.3 30.3 60.6· 60.6 Fisher's Index, 1926=100: I I Time loans; .. ______: 5.< 8.9 20.1 22.9 22.9 22.9 29.5 22.9 46.6 55.3 [t Combined index (120)__ _ 81. 8 81. .s 81. 7 73. 11 73. 2 73. 4 58. 6 57. 1 61.8 61. 8 Money in circnlation+ .. -'112. 113. 6 113. 4 110. 1 110. 5 110. 6 123.9 125. 31111. 8 112. 1 1 Copper, electrolytic!---- __ 63. 8, 6:J. sl 63.8 60. 1 60.1 58. 7 43.5 37.7 39.9139.9 1 Production: Cotton, Middlmg,spot_ __ 45.2143.8 43.4:41.2 43.4 44.5 27.6 27.6 21.7 22.4 1 Automobiles ____ ; ______j14~.4H~.5143.6125.0118.8114.~~71.91 6~.1140.8 40.3 Constructio~ c~ntr~cts; __ ------:!2. ~ 29. !I' ~!- 7 30. ~ 36. 7 15. 5 13. 6 3~. 1 :JO. ~ II Bttummous coal. ______-1 -!,. 2 61. 6 54. 0 61. 7 57. 5 60. 1 47. 2 4o. 3146. 2 46. 3 D1stnbutwn. Carloadmgs___ 58. 3 63. 1 61. 3 63. 6 61. , 60. 4 56. 2 51.8 5t. 8 .)8. 1 . Electric powert _: ______- _.1?9· 4 10~. 2 I?~· 5 100. 2 100. 4 98. 9 ~5. 7~8~. 9 87. ~ ~8 2 Employment: Detroit, fac· I i·1 Lumber______, 3~.s 31.8 31.1 38.3 38.9 37.5 26.7 2o.9 2~.o -8.5 1 tory ______----- _____ 110.91112. 7 _____ 111.2 50.0 _____ 67. 5; _____ •i ~etroleu, m ______-----:m 9!124. ~~.124.1 0 1!?· 6116. ~ 117. ~ 1114.4 86.21104. 611?8. 9 Fu:;ancc: . I _ 1 il bteelm!ots ______i 60 ..5; 61.1:<160.5 12.4 69.; 65.8 38.2 32.9 31.6 30.3 ~ a1lu~es, c~mmerClaL ..... 61.2 62.2 66 . ., 64.4 65.11 61. 1 111.1109.8164.6116.2.9 I' Receipts, primary mar keto: 1 . 1 Secuntypnces: 1 Cattle and calves ______, _____ i"0.2i ti2.D 77.7 82.7 72.1 66.6, 63.3 67.8 63.1 1 1 1 1 1 l;on.upri~esi-.------106.3106.?ll05.f>11:l6.I!lO?.Oil0?.6 84.9 82.6 84.51 ~4.91! Hogs------·---'---_ cl2.4: :14.7. 74.3 65.1 61.3 <9.61 66.11170.~ <0.1 1 tltvckpnces, ______90.4 88.2 86.3 94.91 9o.7 9o.4 66.3 61.2 52.7 u3.4 'I Cotton ______; 21i.21 21.2! 25.S 47.7 53.1 42.7 63.51 58.5 39.2 38.5 1 1 2li.IJ! lti.\J; Bunking: I 1 Wheat______14.5 21.3 26.8 24.9, •l3.8i 51!.913<.7155.9 Dcbils,outsideN.Y.C.t 73.4 82.5 1 68.2 1 69.[1 77.9 1 67.7153.9, 50.5 62.21 71.2 i, 1 1 I , , ~ *Computed normal=100 , Latest week is preliminary. t Weekly aYerage, 1928-30=100. t Daily awragc. • Index rev1sed. See weekly supplement of June 1, 1933, for explanation. § 1933-35 indexes are based on reports from 01 cities; earlier data cover 101 cities. WEEKLY BUSINESS STATISTICS HJ35 , Hlil-1 - HJ;;:; I t!l;r~ , 19csl ITEM Apr. '27 I Apr. ~0 !~r. n_i_~pr. 2~ ~-~pr. 21 : J.r;r. lcl: I _'tpr. :.?\J ~ Apr. 22 I Apr. 30 I _<\pr. 2~1 :\J~r. lS eOMJUODIT\' PRI(CES, WHOLESALJ<' I ; : I ' I I ! I Copper, ele('trolytic, ~ew York ______Uol. per 1U __ i o. o~~ o. 0?~ o. Oh~ c. I o. o~:=i 1 o. u~)l u. l)~;v o. ~~: 1 o. 0-]0 / o. 0.10 o. ooi Cot Lon, .:\liddliug, spot. Kew York ______dol. p0r lb __ .J"J .lt9 .liS .lh .J2i .O.o I .OoV 1 .Uti! .l02 Food i:ulex (L\f'tdstrut'.s) •------d(Jl. pPr lb __ 1 ~.(;:-; I 2.71 2.74-. ll 2.11 ~.JIJ l. 1.()31 1.69: 1./2 2.~S lro11 nnd steel cOHipo:~iLet---- ______Jol. per ton __ i 3J. ao 1 3:!. 31 32.27 · ov ' 3.j_ 12 ;:;:~. 1s 21. so 20.45 1 2~~- 1G 1 31.00 Wl!e,lt, No.~ lLlrd \\'imer (K. C.) ______dol. per btl. ' 1. 05 1. 01 1. 01 . :-0 . ;:-) . ...:.o ·:~; . G3 . 52 l . 5-± ! . 74 nankin[!: FINANCE i JJebits, Nev.T York City ______mill3. of tloL_: 3,102 3, 571 : 3, 302 ;3. 6t)/ 4, 30} 1 4, 2-t; 3. 1:.?5 2, 375 3, 117 3, GJS I c, 739 De hiLs. outside )Jew York City ______mill::;. of doL_: :),402 13,828 3. 1G>) 3. ::!11 3, 611 :3, l;jt) I :2,-!\.IV 2, 342 2, SS7 3, :29S ; J, 106 Fedcnd HeserYe banks: I 1 ' Heserve batJk credit, totaL ______mi:ls. of doL.! 2, 452 2, 470 I ::!, ,1133 2, 4i;C :!, 403 2, ,1\}2 : 2, 490 1, 78.5 1, 700 I S95 Bills ho, 1ght ______mills. of cloL_I 5 .1 5 ll' 10 17 208 4f> 4V I 131 Bills dbcountecL ______mill:::. of doL_ 7 7 0 40 40 -±·.) ?·"5 414 532 ,}tj;) ! ]:)2 U.S. Oo\·ernmellt securities ______mills. of doL_ 2, 430 2, 41ll 2, ,130 2, ;130 2, ±:3D :2, .±;J~ 1, S37 1, 837 l, 191 1, '·JY o;s 1 Fedn:ll .Ue::;erve report!ug rnember bank~:~ 1 Uepos1ts, net dcmanu ______nulh. of dol._l 1-i, 636 1'1, 5:30 H, 22! 12,200 12, 130 10,393 10, 102 10, 370 10, 2&31 ______l)cpo:-,its, time ______mlll~. of doL_ 4, 4VS 4, 4V4 .f, --174 4,H3 4 4').1 4 35'' 4,343 4, 597 4, 56H ------6, 5151 ______Investments, tobL ______miU~. of (loL.I 10. 975 ll, 012 10, 91~ 9, :no 9: 30l :< t)ij~ 7, 631 0, 551 U.S. Oon-:rnmont sec-urities ______mills. vf duL. 7, 330 7, 371 7, 32:3 6, 226 G, 2:).1 4, l);j,j 4, 584 3, 020 1~: ~~~ ------ 7, t)-!2 7, 6132 7. 59;) ~- ~~3 8, 310 s, 341 8, 210 10,319 3. 057 3, 023 2, Ul}9 v,,):-:;0 3, 612 ~~. G.)S 3, 583 4, 518 ~: ~~~ ~------L~1i1~~j~I~~l~~s:-:~~::::::~:::::::::::=::::m ~~ ~~~!J 4, 575 4, 609 4, (\:2-f I 4, fi23 4, tl9S 4. ;u:3 4, 627 5, SOl Intc>n•st ratPs, r:1llloans ___ ------_____ --I~crc-t•nL-1 . 25 . 40 1. 00 ! I. 00 1. 00 1. ~n 1. 25 2. 50 2. 50 J. 50 Interest rates, time loans ______perecuL.! • 25 . 39 . 88 i 1. 00 1. 00 l. 00 1.00 2. o4 1 z. -:12 I :2. z.s Exrh:1ngc rate~: I I Freneh fnme (daily av.) ______cents __ ~ 6. 5H8 6. 593 c. 5\lt) : G. tl.iO 6. f32:2 4. :359 4. 173 3. 939 3. 943 i 3. 910 Pound sterling (daily nv.) ______dolbrs .. 4. S:J 4. 85 4. 01 D. 1-l 3. lfj 6:,:5~~ ' 3. 'i1 3. 63 3. GG 3 4 Fc_lilures, commercial __ ------__ number __ 240 253 :?il ; ~li5 :231 -±.):2 447 6<0 6~~ I 5~~ 1\1orwy in circulation ______mills. of doL~~1 5, 480 5, 517 5, ,j01i 5, 3G4 5, 310 ti, 015 6, 085 5, 428 5, 4421' 4, 653 Seenrit v markets: Bontl~ s 216 191 ~:n? 222 20~ 190 209 232 j;~itJ~- (~~~~ ~~1-l ~·~~--~ ~======~ =~ =~ =~ =i~g~~~~~~~ =i ~ ======~ = 209 224 ;;·u I ~~~I 39.3 5~:~ I 431 455 I ml 464 Cotton into sight______thous. of b:!les __ , 08 55 (l7 124 1381 1Jl I 152 102 i 100 I 78 \\'he Jt,...2.!_r!:inury markets______thous. of bu __l 2, 305 1, 341 I, 151 1, tj95 2,129 1. 91>\) ! 3. ~~:~ I 4, 286 2. ggr. I 4,H; 4, 348 §Statistics co·.-e !91 cities since Jnn. 10. 1931. a!11!90 cities before: 1 city was added to the series in order to oiTsct the effect of 1 member bank which ceased reporting. tHcvi.-;('d series. Seep. 19 of the Janu:-~ry 1935 i.s~ue. •.Aggregate price of 1 pound each of 31 commodities. 22 SURVEY OF CURRENT BUSINESS May 1935 Monthly Business Statistics The following summary shows the trend of industrial, commercial, and financial statistics for the past 13 months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and similar information, if published, will be found in the places noted at the bottom of each page. A special supplement was included in the April 1935 issue, pages 57 to 72, inclusive. This supplement gave the monthly averages of all series for the years 1932, 1933, and 1934:. Data subsequent to ~f arch will be found in the ·weekly Supplement to the Survey. ======T===~======~======- 1935 1934 1935 Monthly statistics through December 1931, together with explanatory footnotes and refer 1 ences to the sources of the data, may be found March March I April II May I June I' July I August I Septem-1 October 1 N ovem-1 Derem- January I Febru- in the 1932 Annual Supplement to the Survey 1 . ber ber ber j ary BUSINESS INDEXES BUSINESS ACTIVITY (Annalist)t Oombined index , .••.••••••••••. normal=lOO .. 81.2 78.9 8o.o I 80.2 77.2 73.2 71.1 66.5 70.5 71.3 78.7 83.8 83. 0 Automobile production , ______normal=100 .. 101.2 77.9 78.5 70.1 71.2 70.9 62.4 52.7 51.6 43.5 95.6 104. 1 102.1 Boot and shoe productiont .... normal=100.• ------119.3 131. 2 130.9 108.2 108.9 108.3 92.5 89.0 99.2 110.7 124. 2 !!.). 1 Carloadings, freight. ______normal= 100 .. 66.8 69.0 64.7 63.9 64.9 61.9 59.6 59.1 57.6 58.9 63.1 66.2 67. Cement production .••..••••... normal=100.. 43.1 51.4 54.4 52.6 52.8 49.6 43.8 46.8 40.8 42.3 43.9 :;;_ 9 39.8 Cotton conmmption •••.•.•••. normal=100.. 82.5 89.9 90.8 92.0 68.5 77.6 82.4 58.5 92.2 86.0 84.3 97.0 90.1 Electric power production .•... norma\=100.. 99.0 93.7 96.1 95.3 95.8 96.7 94.1 92.4 92.5 93.6 97.8 98.4 99. 4 Lumber production ...... normal=!OO .. 60.6 53.3 51.9 47.6 44.8 55.5 50.2 46. 7 42.5 46.3 54.6 5:l. 5 Pig-iron production. ______normal= 100 .. 54.4 50.9 54.5 68.1 64.6 40.6 34.8 31.2 31.8 33.3 37.2 li2. 3 .18.1 Silk consumption. ______normal=100 .. 70.1 69.6 71.6 71.8 61.7 58.2 57.1 54.4 75.5 60.8 74.6 67. 1 6S. 2 Steel ingot production , ______normal=100 .. 61.4 59.3 69.8 77.7 77.4 40.8 34.3 34.3 36.1 42.8 57.3 69. 1 68. 4 Wool consumption. ______normal= 100 .. 77.4 72.6 66.8 63.0 69.0 62.8 41.2 76.0 102.2 123.1 143.0 111.1 Zinc producticn ______.• normal=100 .. 63.8 62.1 59.1 59.6 52.2 51.4 52.7 53.8 66.2 68.0 66. 7 65. 3 65.1 INDUSTRIAL PRODUCTION (F. R. B.) Total, unadjusted. ______1923-25= 100 .. p 90 86 88 89 84 73 73 73 75 74 78 88 91 Manufactures, unadjusted..•.. 1923-25=100 .. p 91 85 89 89 83 71 71 70 73 73 77 87 HI Automobiles• .. ------1923-25= 100 .. 130 a 98 109 98 93 82 67 56 38 24 58 86 II'2 Cement._------_____ .. 1923-25= 100 .. 34 42 53 68 72 64 62 63 53 47 35 25 2 7 Food products______..•.. 1923-25= 100 .. 75 82 87 96 95 100 100 122 110 108 103 90 7'9 Glass, plate..... -- ____ -----.. 1923-25 = 100 .. 199 115 108 90 79 91 87 85 87 79 105 !55 17 9 Iron and steel• ______1923-25= 100 .. so 75 84 91 85 44 38 37 40 45 56 76 83 Leather and shoes § ...... 1923-25=100 .. p 109 110 114 108 97 98 107 102 93 88 89 99 a 11 0 Lumber ______------1923-25 = 100. _ 39 35 35 32 29 38 33 30 25 26 29 29 Paper and printing ______1923-25=100.. •102 •104 • 102 ------Petroleum refining ______!923-25= 100 .. 143 152 153 154 156 157 152 !54 !56 a !55 !51 15 6 Rubber tires and tubes •.••.. l923-25=100.. ------117 115 102 102 81 78 76 73 80 92 106 110 Shipbuilding ••• ------•.•••. 1923-25= 100. _ ------46 63 50 47 41 140 133 12 12 14 19 48 Textiles .. _.------______••• 1923-25= 100 .. p 100 96 93 89 73 73 76 63 92 91 92 108 10' Tobacco manufactures...... I923-25=100 .. 124 113 118 130 144 139 135 139 129 128 115 128 121 Minerals, unadjusted••••.•.... 1923-25=100 __ 89 91 81 87 87 85 83 87 87 84 85 91 ag Anthracite .•• -----______1923-25= 100. _ p 45 89 76 76 60 52 50 62 68 65 71 82 a 7 Bituminous coaL ______1923-25=100 .. p 88 84 60 62 60 59 60 68 71 72 74 82 85 Iron ore shipments ...... 1923-25=100 .. ------60 106 105 95 85 60 11 ------Lead. __ ------.1923-25= 100 .. 56 58 55 65 57 51 43 52 58 57 60 50 as Petroleum, crude ______l923-25=100 .. 127 121 125 128 . 132 131 126 125 123 120 120 12b a 12 9 Silver _____ ------______!923-25= 100 .. 55 52 46 43 44 34 39 34 39 38 54 50 i 0 Zinc. ___ . ______------___ .1923-25= 100 .. 77 72 67 66 55 53 56 58 73 77 76 76 78 Total, adjusted .• --. ______. ____ .1923-25= 100. _ 88 84 85 86 83 76 73 71 73 74 86 90 89 Manufactures, adjusted. ______1923-25= 100 .. 86 82 85 86 83 74 72 69 72 73 86 90 88 Automobiles• ______1923-25= 100 .. IOn a 80 85 78 82 78 61 51 41 37 105 104 105 Cement. ____ ------______1923-25= 100 .. 47 58 55 57 58 53 48 50 46 48 45 42 4 5 Food products______1923-25= 100 .. 77 84 93 98 96 102 106 120 107 102 102 91 8\ Glass, plate.. _. _____ ----_____ 1923-25 = 100. _ 183 106 98 83 77 92 86 84 87 83 140 174 16 6 Iron and steel• ______!923-25=100 .. 71 66 76 84 85 47 38 37 41 48 64 79 79 Leather and shoes §. ______!923-25= 100 .. p 106 107 117 118 101 99 97 88 85 92 104 107 a 10 8 Lumber. _____ . ______1923-25 = 100 .. . ------38 33 33 31 29 36 32 29 26 29 33 30 Paper and printing ______l923-25=100 .. ·------•100 •100 • 100 ------Petroleum refining ______!923-25= 100 .. ------143 !52 !53 154 156 !57 152 153 !55 153 !51 15 Rubber tires and tubes...... l923-25=100.. ------106 97 81 84 83 79 79 • 82 107 133 1\5 101 Shipbuilding ___ ------_____ .1923-25= 100 .. ------59 65 39 3R 28 95 133 17 14 18 27 6 8 Textiles. ______-----•.• 1923-25= 100 .. p 98 94 90 88 77 78 80 63 89 87 97 103 10( ) Tobacco manufartures..•••• 1923-25=100.. 130 119 128 128 132 128 126 125 120 125 143 136 13 3 Minerals, adjusted. ______1923-25=100.. 96 100 90 89 87 85 80 82 81 81 89 94 a gr.) Anthracite. __ ----- __ ------.. 1923-25= 100 .. P54 109 73 76 69 63 50 62 53 64 72 76 a6 7 Bituminous coaL .. ______!923-25=100 .. p 88 84 72 72 67 65 61 64 64 65 69 74 80 Iron ore shipments ______1923-25=100.. 40 44 14 ------~~~------54 52 47 35 ------J,ead. ______------___ 1923-25= 100 .. 55 57 56 66 56 53 44 55 56 55 60 50 50 Petroleum, crude ...... 1923-25= 100 .. p 128 122 125 127 130 128 124 122 122 121 124 131 a 13 2 SilvPr ••• __ ------__ ----•. 1923-25= 100 .. 50 47 45 44 4S 40 39 36 39 35 53 50 65 Zinc ______------.. 1923-25 = 100 .. 73 G8 64 65 57 57 60 61 76 77 74 71 73 MARKETINGS Agricultural products'(quantity) !923-25= 100 .. 54 67 e6 77 74 92 93 105 114 89 73 59 50 Animal products ______1923-25=100.. 66 80 84 97 93 107 112 102 100 93 84 74 60 Dairy products ______192.~-25=100 .. 76 100 94 123 127 124 118 100 102 86 78 88 7 7 Livestock. ______------.1923-25= 100 .. 57 67 72 83 77 100 122 116 111 91 81 75 56 Poultry and eggs ______l923-25=100.. 91 Ill 119 120 100 77 67 63 70 105 102 66 6.3 WooL------.1923-25= 100 .• 35 24' 22 91 253 444 173 105 91 81 36 34 18 Crops ______.1923-25 = 100 _. 43 47 56 54 78 74 107 129 84 62 43 39 Cotton ______.1923-25 = 100 .. 34 505.) I 42 42 28 35 50 160 210 134 86 31 Fruits.------__ •. 1923-25= 100 .. 67 71 70 108) 60 I 87 92 81 104 74 66 42167 69 Grains••. ___ •• _. ______1923-25 = 100 .. 27 37 29 119 101 69 58 38 33 23 22 Vegetables. ______.. 1923-25= 100 .. 86 104 90 1~~ i 1~~ I 75 54 82 108 76 64 78 83 • New series. Seep. 18 of the March 1933 issue, marketings (quantities). t Revised series. For earlier data see p. 19 of the October 1933 issue. , For 1933 revisions of the combined indox and automobile and steel ingot production indexes see p. 22 of the August 1934 issue. • Revised. • Preliminqry. § Series revised. For earlier data seep. 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances by a slight amount. • Index of automobile and iron and steel production revised for 1933. Seep. 22 of the September 1934 issue for a complete record of the revisions. t Data revised for 1934. See p. 22 of the April 1935 issue. May 1935 SURVEY OF CURRENT BUSINESS 23 Monthly statistics through December 1931, \ 1935 1934 1935 together with explanatory footnotes and refer- 1· I ences to the sources ofthe data, may be found j M h in the 1932 Annual Supplement to the Survey arc March I April I May I June I July I A u gust ISeptem·l ber October INovem·l ber Decem· ber January I Febru·ary BUSINESS INDEXES-Continued MARKETING8-Continued I Agricultural products, cash Income received from marketings of;*f I Crops and livestock: Unadjusted_ • ------1924-29= 100 .. 49.0 48.0 45.0 50.0 48.5 54.51 60.0 69.0 74.5 57.5 51.5 a 51.0 45.0 Adjusted •• __ ••••• ___ •••••••. 1924-29 = 100 .. 56.5 57.0 58.5 58.0 65.5 62.5 60.5 55.0 52.0 49.5 a 52. C 54.0 Crops, adjusted .. ------•••. 1924-29= 100 .. 47.5 60.0 64.0 59.5 77.0 87.571.0 I 68.0 58.0 47.0 40.5 41.5 40.0 43.5 Livestock and products, adjusted 1924-29=100.. 66.5 53.5 62.5 56.0 54.0 66.5 63.0 63.5 63.5 58.0 a 64.5 a 65.0 Dairy products, adjusted •••• 1924-25=100.. 73.5 65.0 63.5 65.0 63.5 54.5165.0 70.0 72.0 72.5 73.5 72.5 76.0 79.0 Meat animals, adjusted •..•• 1924-29=100 .. 63.0 45.5 47.0 61.5 48.0 47.5 48.5 58.5 57.5 54.0 49.5 59.0 57.0 Poultry and eggs, adjusted ..1924-29=100 .. 65.5 59.0 50.5 62.0 51.0 50.5 63.0 57.5 60.0 71.5 58.5 a 60.5 a 65.0 i I STOCKS I I I Domestic stocks.------1923-25=100.• 125 1481 142 136 132 140 I 143 !54 160 161 !59 143 134 Manufactured goods ...... •.• 1923-25=100 .• 103 108 I 109 108 109 114 1 108 109 108 107 106 105 105 Chemicals and allied prod ..• 1923-25=100 .• 118 126 I 123 117 115 m! 119 121 117 113 a116 115 a122 Food products.•. ------1923-25= 100 .• 75 81 1 81 84 94 108 103 103 100 100 100 86 80 Forest products .• -----·-----1923-25=100.. Il5 1161 116 116 117 116 116 117 117 Il7 118 118 Il7 Iron and steel products ••••.• 1923-25=100 .• 96 991 104 105 95 96 96 93 94 96 95 95 96 Leather ______.•...... 1923-25= 100 .. 80 go, 81 80 79 79 78 79 79 81 79 83 80 Metals, nonferrous •••••...•• 1923-25= 100 .. 156 159 150 143 141 145 !50 !55 160 163 163 161 Paper, newsprint ______.•. 1923-25= 100 •. 1621 67 71 85 I 78 92 115 79 I 91 86 71 48 66 71 Rubber products ...... •... 1923-25=100 .. IJ3 116; 1111 113 107 109 112 113 113 113 113 113 113 Stone, clay, and glass .....•.. 1923-25=100 .. 159 160 I 159 161 162 160 1 161 150 152 160 162 162 Textiles._ ..• ______.. ------.1923-25= 100 .. ~~g i 117 118 115 117 16o 1 159 148 130 119 I 119 120 123 Raw materials..... ____ .. -----.1923-25= 100 .. 141 1781 1681 158 149 161 169 187 198 200 198 170 155 Chemicals and allied prod •.. 1923-25=IOO .. 91 96 94 93 90 109 122 121 116 107 98 Foodstuffs...••.... ------.. 1923-25= 100 .. 122 ~g~ I 171 162 198 217921 217 208 202 207 162 140 Metals. ___ ._ ... ____ ------.. 1923-25= 100 .. 93 ~~~ I 93 97 108 !05 107 113 107 93 87 90 Textile materials ..... ------. 1923-25 = 100 .. 208 213 I 198 182 173 173 217 254 269 263 239 226 World stocks-foodstuffs and raw materials: Total t ___ ...... ------1923-25= 100 .. p 223 2581 260 259 p 265 p 250 •236 •229 p 229 p 224 p 219 Coffee-adj. for seasonaL •... 1923-25=100.. p 362 p 418 407 392 p 396 v 3902621 p 368 p 361 •363 370 342 p 344 162 .:1 4231 163 !50 Cotton-adj. for seasonaL.--1923-25= 100 .• 209 211 225 218 221 231 221 191 174 171 Rubber-adj. for seasonalt••. l923-25=100 .. 361 347' 347 347 369 387 374 373 363 354 352 a 358 361 Silk-adj. for seasonaL .•. -.. 1923-25=100 .. 205 263 i 260 287 242 238 234 210 200 186 208 215 2661 I Sugar-adj. for seasonalf•.... 1923-25=100.. 2971 332 328 304 309 295 I 267 1 273 294 295 291 ------Tea-adj. for seasonaL ..•.•. 1923-25=100 .• 153 144 152 147 142 142 141 . 153 148 145 140 142 Tin-unadjusted .• ______1923-25= 100 .. 93 98 I 85 83 83 78 74 14f.l74 79 72 66 71 94 Wheat-adj. for seasonal.. ... 1923-25= 100 .. 192 ! 1971 202 215 241 237 228 211 190 196 190 171 - I 1 COMMODITY PRICES I I COST OF LIVING (N. I. C. B.) I I I i I Total, all groups.•••.•.•.•••••••••.• I923=100 .• ! 8::.4 78.5 78.4 I 78.8 79.1 79.6 81.0 80.8 81.6 82.4 78.61 80.91 80.81 Clothing.------1923:' 100 .. 1 76.0 77.7 77.91 77.8 77.3 77.0 77.2 77.6 77.5 77.4 77.3 76.9 86.3 Food ••. ____ ------.------1923-100.. 83.3 74.3 73.5 74.1 74.5 75.2 76.5 79.9 79. 1 I 78.8 78.4 81.1 73.5 Fuel and light.------·1923=100.• 87.1 87.1 86.5 i 85.7 85.8 86.4 86.9 87.4 87.5 i 87.6 87.5 87.1 87.1 Housing ______------1923= 100 .• 67.9 63.1 63.71 64.2 64.6 64.7 65.4 66.0 66.4 i 66.8 66.9 67.4 Sundries .• ------1923= 100 .• 93.0 92.2 92.4 92.4 92.5 92.5 92.3 92.4 92.8 1 92.866.61 93.0 93.0 93.0 FARM PRICES (Dept. of Agri.) § t I i Total, all groups•. ------1909-14=100.• 108 84 821 82 86 87 96 103 102 101 107 111 Chickens and eggs..••••.•••..• 1909-14=100 .. 97 74 72 72 76 86 10-1 108 101125 I 119 114 119 Cotton and cottonseed .•••.•.. 1909-14=100 .. 102 94 72194 90 94 99 107 110 107 107 109 108 108 Dairy productS------.. 1909-14= 100 .. 114 95 91 91 93 94 97 99 99 107 112 121 Fruits._._ •••..•. ----•.•••••..• 1909-14 = 100 .• 90 97 96 I 110 137 113 101 93 98 105194 85 87 90 Grains •. ____ ------1909-14= 100 .• 111 79 77 I 78 89 91 106 112 109 109 116 115 1!4 Meat animals .• ------.. 1909-14= 100 •• 117 66 64 64 64 66 68 82 74 72 73 96 105 Truck crops.------1909-14= 100 .• 162 79 98 89 80 102 108 133 1101 107 130 117 188 Miscellaneous._. ____ ------1909-14= 100 .• 92 98 96 92 90 94 125 !26 137 ! 123 113 1!1 101 RETAIL PRICES D~or::i~~~~~-~~~~~~~-~~~~~~~~------1913=100 .• 164 168 164 156 157 159 162 165 166 165 165 164 165 Food# •• _••• _•.....•.•...... 1913 = 100 •• 122 109 107 108 109 110 112 117 1!6 1!5 114 119 12 2 Fairchild's Index:• Combined index ••...... •.• Dec. 1930=100 .. 86.3 89.6 89.4 88.6 88.2 87.9 87.7 87.7 87.4 87.4 87.2 86.8 86. 6 Apparel: Infants' wear ------Dec. 1930=100 .. 93.6 93.6 93.9 93.9 93.8 93.9 94.0 94.0 94.4 94.3 93.9 93.9 93. 4 Men's------Dec. 1930=100.. 87.3 88.9 87.9 88.1 87.7 88.3 87.7 87.7 87.7 87.3 87.4 87.4 87. 4 Women's.••...... Dec. 1930=100 .. 87.7 91.2 91.4 91.0 90.8 90.4 90.1 8V.8 89.5 88.8 88. I 87.9 87. 8 Home furnishings .•....•.. Dec. 1930=100 .. 87.9 88.7 88.2 88.4 88.1 88.2 88.5 88.9 88.9 89.2 88.5 88.2 88. 2 Piece goods ______Dec. 1930=100 .. 85. I 85.9 85.5 85.5 85.5 84.8 85.5 87.6 86.3 86.1 86.0 85.8 85. 8 WHOLESALE PRICES i Department of Labor Index: I Combined index (784). ------1926=100 .. 1 79.4 73.7 73.3 73.7 74.6 74.8 76.4 77.6 76.5 76.5 76.9 78.8 79. 5 Economic classes: I Finished products •...... •.. I926= 100 .. 1 81.7 77.2 77.1 77.8 78.2 78.2 79.2 80.1 79.2 79.3 79.5 80.8 81. 5 Raw materlals...•.•••••.•.... I926=100 .. 1 76.6 65.9 65.1 65.1 67.3 68.3 71.6 72.1 72.2 73.1 76.6 77. 4 Semimanufactures••.... ----•• 1926= 100 .. I 71.8 74.3 73.9 73.7 72.9 72.7 72.6 71.873.91 71.5 71. 1 71.0 71.2 71. 7 Farm _Products. ------·----1926:' 100 .. i 78.3 61.3 59.6 59.6 63.3 64.5 69.8 73.4 70.6 70.8 72.0 77.6 79. 1 Grams .. ------1926-100.. 82. s 62.3 58.8 63.9 72.4 74.8 86.0 85.0 87.2 91.5 88.8 87. 4 Livestock and poultry•...... 1926=100 .• 1 85.8 49.5 49.2 47.8 48.3 48.8 56.2 ~UI 55.3 54.0 57.2 73.2 78. 4 a Revised. • Preliminary. • New series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products and p. 19 of the December 1932 issue. Fairchild price Index. §Data for Apr. 15, 1935: Total Ill, chickens and eggs 105, cotton and cottonseed 103, dairy products 117, fruits 105, grains 115, meat animals II7, truck crops !56, mis- cellaneous 92. t Index of farm prices has been completely revised. For earlier data seep. 20 of the November 1934 issue. Revised total, rubber adjusted and sugar adjusted Indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from July 1933-June 1934. Seep. 23 of the September 1934 issue. # Thedataonretai!pricesof food until Aug. 15,1933, were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly fi~ures for months subsequent to August 1933 represent the figure nearest to the 15th of the month. 24 SURVEY OF CURRENT BUSINESS May 1935 Monthly statistics through December 1931, I 1935 together with explanatory footnotes and refer ences to the sources of the data, may be found in the 1932 Annual Supplement to the Survey March COMMODITY PRICES-Continued WHOLESALE PRICES-Continued D~artment of Labor index-Continued. ombined index-Continued. Foods ...•....•••••...•.•...•••. 1926=100 .. 81.9 67.3 66.2 67.1 69.8 70.6 73.9 76.1 74.8 75.1 75.3 79.9 82.7 Dairy products ...... •..•.•.. 1926=100 .. 82.9 68.9 66.5 67.1 73.0 74.8 77.3 76.2 77.1 78.6 79.6 83.5 87.0 Fruits and vegetables ...•...•. 1926=100.. 63. 2 71.6 67.9 68.2 70.1 68.2 65.6 66.0 67.6 65.3 62.4 62.8 63.6 Meats ..•.•...•••••...... •••.1926=100 .. 91.6 56.5 57.3 60.0 62.2 63.4 69.4 76.6 70.0 68.4 69.0 81.6 87.9 Other products •...•...... •.•.1926=100 .. 77.3 78.5 78.6 78.9 78.2 78.4 78.3 78.3 78.0 78.0 78.0 77. 7 77.4 Building materials .••..••.....1926=100 .• 84.9 86.4 86.7 87.3 87.8 87.0 85.8 85.6 85.2 85.0 85. 1 84.9 85.0 Brick and tile....••..•..••.• 1926=100 .. 90.2 88.5 90.7 91.2 91.1 91.3 91.3 91.3 91.2 91.2 91.2 91. 1 90.6 Cement .•.•••...•••.•..•..• 1926=100 .• 94.4 93.9 89.7 89.4 93.9 93.9 93.9 93.9 93.9 93.9 93.9 93.9 93.9 Lumber ..•...... ••.....1926=100 .. 79.9 86.4 87.2 85.9 86.3 85.3 81.8 82.3 82.0 81.2 81.2 79.9 80.5 Chemicals and drugs .•...•... 1926=100.. 81.5 75.7 75.5 75.4 75.6 75.4 75.7 76.5 77. I 76.9 77.8 79.3 80.4 Chemicals ...... ••.. 1926=100 .. 88.1 79.0 78.6 78.6 78.6 78.5 79.2 80.3 81.1 80.9 82.2 84.5 86.5 Drugs and pharmaceuticals .1926 = 100 .. 73.0 71.9 72.2 72.8 73.1 73.0 72.7 72.7 73.5 73.5 73.4 73.1 73. 1 Fertilizer materials •...... 1926=100.. 66.3 69.5 68.7 66.4 67.9 67.6 64.8 66.4 65.7 64.6 65.3 66.5 66.2 Fuel and lighting ..•...... ••. 1926=100 .. 73.0 71.4 71.7 72.5 72.8 73.9 74.6 74.6 74.6 74.4 73.7 72.9 72.5 Electricity .•.....•...... •. 1926=100 .. ------88.5 88.3 88.9 90.6 92.4 92.6 95.2 94.5 94.0 93. 1 89.9 90.3 Oas...... •.. 1926=100 .. 89.4 92.2 94.6 97.5 99.2 99.2 g9, 3 96.9 92.4 89.3 87.6 87.7 Petroleum products •..•••.. 1926=100 .. 49.8 48.7 49.4 50.7 50.6 51.3 51.6 51.3 50.4 50.5 49.8 48.8 48. I Hides and leather ...•...... 1926=100 .. R5. 4 88.7 88.9 87.9 87. 1 86.3 83.8 84. 1 83.8 84.2 85.1 86.2 86. 0 Boots and shoes. --··-·-----1926=100 .. 97.2 98.5 98.5 98.5 98.4 98.0 97.9 97.9 97.7 97.3 97.2 97. 1 97. 2 Hides and skins ...... •..... 1926=100 .. 66.6 73.4 76.7 73.5 70. 1 66.6 57.4 1'.0. 4 59.7 63.1 67.4 71. 1 69. 6 Leather ------··-·-·-··---1926= 100 .. 74.2 79.7 78.4 76.3 75.3 75.1 71.3 10.6 70.5 70.8 71.8 74.3 74. 6 llouse-furnishing goods ...•... 1926= 100 .. 80.7 81.4 81.6 82.0 82.0 81.6 81.8 81.8 81. 7 81.3 81.2 81.2 SO. 7 Furniture...... •.. ____ ... -.. 1926 = 100. _ 77.3 79.8 79.9 80.1 79. 0 78.5 78.9 78.8 79.0 78.4 78.2 78.2 77. 2 Furnishings. __ -·------1926= 100 .. 84. 1 83.2 83.5 84. 1 85. 1 84.8 84.6 84.8 84. 4 84.3 84.2 84.3 84. 1 Metals and metal products ...1926=100 .. 8.5. 7 87.1 87.9 89.1 87.7 86.8 86.7 86. 6 85. 3 86.2 85.9 85.8 85. 8 Iron and steeL ...... l926=100 .. Sll.O 86.3 87. 3 90.2 88.6 86.7 86. fi 86. 5 86.2 86.0 85.6 8.5. 7 86. 1 Metals, nonferrous ...... l926= 100 .. 67 1 66.3 68.0 68.1 68.5 68.8 68. !I 68.4 68.1 67 7 67.5 67.6 67.'2 Plumbing and heating equip- ment. ______•. _____ . _. _.1926= 100. _ 67. 2 72. 7 76.2 75.0 75. 1 75.0 75. 0 716 68.1 68.8 68.8 68.0 61. Textile products...... ---.--.. 1926= 100 .. G9. 4 76.5 75.3 73.6 72.7 71. 5 70.8 71.1 70.3 69.7 70.0 70.3 70. 1 Clothing .....•. ____ .--...... 1926 = 100 .. 7S. ,~ 87.2 SR. 7 82.7 82.6 81.9 79.5 79.7 79.1 78.4 78.4 78.4 78. Cotton goods ..... ------.. 1926= 100 .. 82.4 89.1 88.2 86.3 86.0 85.1 86.4 87.8 86.6 84.4 8·1. 3 84. 1 83. Knit goods. __ ------·------1926= 100 .. 62. fi 65.6 64.2 65.3 62.8 59.5 59.3 59. fj 60.5 61.0 61.9 63. ,j G:l. Silk and rayon ...... 1926= 100 .. 27.:) 29.4 28.4 26.5 25.0 24. R 24.4 24. a 24. 8 2.5. 8 27. 1 28.6 28. Woolens and worsted ...... l926=100 .. ·;:).] 84.0 82.0 81.0 80.8 80. i 78.9 7S. 0 74.8 74.1 74.0 7:3. s 7:~. Miscellaneous._ ------1926= 100 .. no. 2 69.3 69.5 69.8 70.2 69.9 70.2 70.2 (i9. 7 70. (j 71.0 70. 7 iO. 1 Auto tires and tubes...... 1926=100 .. -W. ti 44. f) 44. 6 44.6 44.6 44.6 44. 7 44.7 44.7 47. 5 47.5 47. 5 47.; Paper and puJp ______.1926= 100 .. ~0. f) 82.7 83.6 83. 7 83.5 82.4 82.4 82.4 82.4 82.1 81.5 81.;, bO.' Other wholesale price indexes: Bradstreet's (95) ...... 1926= 100 .. 74.8 71.0 70.9 70.7 71. 5 72. 1 73.4 73.2 71.8 71.9 7:l. 5 i.J. 7 75. Dun's (300).------·-·----... 1926= 100 .. \)1. 4 86. G 85.5 86.9 88.6 89.0 89.7 90.2 89.1 90.2 91.8 v:t 7 93. ·, World prices, foodstuffs and raw materials:* Combined index. ______..... 192:3-25= 100 .. 47. 6 42. 4 40.9 40. :l 43. n 47.0 50. 4 50.1 48.3 4S. 2 48.9 47. ~ 4>. Coffee .•.•. ______._ .. 1923-25 = 100. _ 46.0 57.8 55.9 55.9 55.9 53.9 56.8 ,)(). 8 55.9 ! 54.9 5.1. 4 ol.-1 50. Copper .. ______• ______.1923-25 = 100. _ u:l. 5 56.3 59.1 59.9 62. 1 63.5 63.5 G:J. 5 63. 5 I G3. 5 63. ii (;;), ,j D3. Cotton._------·----.. 1923-25= 100. _ 42.3 45. 2 43.8 41.9 45.2 47. 4 49.3 4~. 2 46.0 4ti. 3 41\.7 ,Hi. 7 4fl. Rubber·---... ___ .. _•. ____ ... 1923-25 = 100. _ ~6. 8 25.8 28.3 31.0 31.6 34.2 3(). 2 3fi. 0 ~2. 7 30. ,, 30. 3 30. 7 :Jo .• Silk._. ___ ... ___ ._--·- ______.1923-25 = 100 .. lS. R 19.6 18.4 17.9 16.8 15.9 15. s l!i. i 16.6 18.0 I 19.0 18. s 2ll.l' ) 57.4 27.7 19.5 19.5 32. 9 41. 6 43.4 49. 4 49.9 50.9 51.1 47.4 5:1. 6 ~~~~~~~~ ~ ::::::::::::::::::::: ~~~=~~::: 188:: Gl. 7 76.3 76.8 74.3 fiR 0 66.4 67. ·' 64.2 66. r, lil. 3 Gl. 4 (i2. 1 Tin ______...... ______.. 1923-25 = 100 __ !!3. 3 106.9 110.6 106.5 101.9 103.3 103. :l 102.4 101.3 101.964. 51 101.2 HJL 2 9\J. 4 Wheat__ ___ ...... _... ______.1923-25 = 100. _ 51.0 42.6 43.2 42.4 42.7 48.4 59.4 5-1.5 48.8 48.3 51.4 49.8 48. 3 Wholesale prices, actual. (See under res pee- tive commodities.) PURCHASING POWER OF THE Wholesale prices ...... ••...... DOLLAR" 1923-25= 100 ..I 121l. 9 136.6 137.4 136.6 135.0 134.6 131.8 129. i 131.6 131.6 130.9 127. 7 12G. 6 Retail food prices...... ••...... 1923-25=100 .. 12:), 2 1:!8. 1 139.5 138.5 137.4 136. 2 134.0 128.2 129. 5 130.4 131. 1 12f\. 4 I 122. 9 Farm prices t---····---··------1923-25=100 .. 136.1 175.1 179.2 179. 2 170.9 168.9 153. 1 142. i 144. 1 145.6 14.5. 6 1:17.4 I 132 .. Cost of living ______1923-25= 100 .. 12:l. 6 129.7 129.9 129.5 129.2 128. 7 127.9 125.6 125.8 125.9 125.9 I 12-t. 7 i 123. CONSTRUCTION AND REAL ESTATE CONSTRUCTION CONTRACTS i AWARDED I I Contracts awarded, F. R. B.: t I Total, unadjusted .• ___ ...... 1923-25= 100 .. 26 33 36 32 30 28 30 29 28 25 22 ' 24 ResidentiaL ..• _..•...... __ .. 1923-2.5 = 100 .. 16 12 14 13 J13 12 10 11 12 11 10 10! a].3 Total, adjusted ...... ••• 1923-25= 100 .. 26 33 32 26 26 27 27 29 31 31 31 21 I 28 ResidentiaL ___ •..... _. _____ .1923-25 = 100. _ 16 11 12 11 12 12 10 11 12 11 12 12 a 14 F. W. Dodge Corporation (37 States):"' Total, all types: Projects. __ ..•.... ---·-______.number __ 8, 929 7,927 8,114 9,153 8, 368 7,182 7, 625 7, 6tV3 10,013 7, 505 5, 771 G. 4.5H 6, 13. Valuation ...... thous. of doL. 123,044 178,346 131,330 134,439 127, 116 119, 663 120,015 110,151 135, 225 111,692 92,685 91J, 774 75,04 Nonresidential buil Monthly statistics through December 1931, 1935 1934 1935 together with explanatory footnotes and refer I 1 ences to the sources of the data, may be found \ st Septem- October Novem-1 Decem- January! Febru- in the 1932 Annual Supplement to the Survey Murch March 1 April I May June I July ' ' ugu ber ber ber ary I 1 -- ~ ------CONSTRUCTION AND REAL ESTATE-Continued HIGHWAY CONSTRUCTION I i Concrete pavement contract awards: 'I TotaL ...... •...... •.. thous. of sq. yd .. 2, 541 3, 353 2, 459 3, 752 2, 628 2, 949 2,858 4, fJOO 5, 082 3, 619 6,301 I 3, 271 2, 331 Roads only ______thous. of sq. yd __ 1, 978 2, 143 1, 463 2, 200 1, 572 2, 093 1, 557 3, 491 3, 760 3,101 2, 356 1, 683 Highways: 4, 3:161 Approved for construction (N. I. R. A.): • 1 Mileage ______number of miles __ j :l, 193 4, 267 3, 279 2, 405 1, 718 1, 225 1, 614 2,886 1 2, 845 2, 892 3,320 3, 367 3, 561 Public works funds 3llotted. tho us. of doL_ f>l, 50V 77,283 62,216 43, 297 31, 149 22, 481 25,548 38,824 43,651 46,851 58, 0(15 57, 573 59,385 Under construction (N. I. R. A.): • i Estimated total cost______thous. of doL_'I 170, 7J){j 239, 97 4 269, 229 288, 460 283, fi06 267, 509 i 231, [J54 203, 027 179,453 159,599 147,807 145,639 155,448 Public works funds allotted.thous. of doL_ 154, 9S8 221, 169 248,942 267,371 263,042 246, 394 I 2Jl, 960 1S:l, 915 , 160, 775 139,017 131,388 l:lO, 600 140, ono Federal aid funds allotted ... thous. of doL_ 1 4,103 7, 955 8, 435 8, 914 8, 634 8, 421 i 7, 608 7, 123 . 6, 01!3 5, 399 4, 714 4,H6 4,ml Mileage ______number of miles.• 7, 9Hi 13,062 14,111 14,311 13,674 12, 524 : 10, 220 8, 831 7, 879 7, 280 6, 911 7,166 1 6, 8361 CONSTRUCTION COSTS I Building costs-all types (American Appraisal Co.) • ______191:!=100 __ i: i 156 157 158 158 157 158 158 1581 158 I v;s Building costs-all types (A. G. C.).l913=100__ , 178 172 180 180 180 182 181 181 1so , 1so 1 110 (j Building costs-all types (E. N. R.) P913=100.. '1 t~J4. a 194. ] I 195, 9 199. 6 199. 6 200.6 200.9 201. ·1 176 ,______177 201. 9 i 1\18. 7 i 196. () Building costs-factory (Aberthaw) .1914=100 __ 177 177 177 , __ ------MISCELLANIWUS DATA 1 I Construction-employment and wages: I Employment, Ohio. (See Employment.) Wages, road building. (See Employment.) Fire losses, United States ______thous. of doL_, 24, 91:! 31,312 22,029 25,271' 20,006 19,484 19,613 i 16,244 18,236 20, 114 23, 896 Ii 23, •!31 25,1182 Foreclosures *• ------______number __ ' ______16, 111 15,807 16, 680 16, 348 15,499 15, 462 15, 972 16, 723 16,940 17, 736 ! 17,896 I5,:nu Ship construction. (See Trans. Equipment.) Real estate: Home Loan Bank, loans outstanding • I I thous. of doL' 72,616 93, 125 i 88, 922 86, 842 86, 248 85,723 85,519 86, (147 87,446 87,714 87,258 1 82,585 77, 142 Market activity _____ each month 1926=100 .• ! (') 46.3 1 45. 2 45. 7 47. 9 48.3 52.5 48.6 56.1 51.8 (2) (') New linancing. (See Finance.) 53.41 DOMESTIC TRADE ADVERTISING I I Radio broadcasting: i Cost of facilities, totaL ______thous. of doL 4, 822 3,998 3, 740 3, 728 : 2,495 2, 2491 i 4, 5271 4, 363 4,451 4,646 4,412 3,104 I 2, i Autornotive______thous. of doL. 398 348 338 371 309 188 ~~~ 299 380 408 36:! 17g I ! Building materials ______tbous. of doL. 31 0 7 32 ! 26 ! 0 1H I 5~~ 37 33 22 25 Clothing and dry goods. ____ thous. of doL_ :l9 36 40 30! 22 ! 27 25 I' 271 28 36 29 30 Confectionery ______thous. of doL_ ,g::; 78 : 19 119 109 80! 34 117 1 130 1B5 176 Drugs and toilet goods ______thous. of doL_ 1, 60i 1, 222 1,168 1,168 I 1, 022 ; 1, 497 1.U& 1, 513 1,610; I, 552 FinanciaL ______tlwus. of doL_ o~~ I 7871 42 64 63 56 : 37 36 36 g~z40 'I 57 51 46 49 ' 74 Foods ______thous. of doL_ 1, 300 1, 061 999 974 : 829 688 719 700 1, 218 !, 259 1, 279 1, 303 ' 1, 197 nonse furnishings ______thous. of doL. 107 78 46 60 12 12 38 26 29 17 15 67 Machinery ______thous. of doL_ 0 0 0 0 0 0 Zi 8 17 21 8' 0 Paints and hardware ______thous. of doL_ 22 22 24 20 13 fi 18 I 24 21 16 19 18 Petroleum products ______thous. of doL_ 2Sl 267 24:l ! 202 188 318 289 27:! 241 1s~ 1' 325 2Jn Hndios ______thous. of doL !J.> 45 45 3H 33 34 39 I 05 91 96 (17 111 Rhoes and leather goods. ____ thous. of doL. 21 0 0 0 0 0 61 1~~12 15 6 0 0 9 Soaps and housekeepers' supplies thous. of doL 1 231 190 190 216 178 141 1121 160 134 178 174 179 Sporting goods ______thous. of doL _I 0 0 0 0 0 0 o I 01 0 0 0 II Stationery and publishers ___ thous. of doL.! :->7 18 31 35 48 27 23 I 49 72 56 32 'robacco manufactures ___ • __ thous. of dol._~ :!(If\ 416 326 310 187 93 ~~ I 316 302 319 2111! Miscellancous ______thous. of doL. 1 lOS 112 114 110 107 65 16 48 75 46 !J() 1fagazine ad vcrtising: ~~ I' Cost, total:------thous. of doL_ 11, n;-:~ 9, 232 11, 693 11, 586 10, 8~2 9, 200 7, 291 8, 008 10, 1)53 10,852 8, 938 a(),r):w a!), fi4(i Automotive ______thous. of doL_ l, lti2 982 1, 543 1, 665 1, 639 1, 386 9971 J,OW 965 755 362 a k2G 8.05 Building materials ... ______thous. of doL_I1 2(\4 183 293 267 191 171 131 214 205 274 19!\ 116 202 C!othing and dry goods _____ thous. of doL_ ·t~! 298 413 326 281 113 I 2HG : 477 452 278 a 17'2 (j '2tHJ Confect.ionery ______thous. of doL_ I 2G7 142 168 m~ 178 178 226 i 178 212 209 237 Li1 l:iS Drugs and toilet goods ______thons. of doL_ 2, Rfl~ 2, 193 2, 431 2,170 i 2,119 !, 884 !, 698 ' 1, 502 1, Hf>'2 2. 382 1, 819 a 1, 4:)'2 : 11 2, !iO:) FinmwiaL ______.. ______thous. of doL_ :nf) 220 250 266 I 241 222 19,1 I 2:l0 232 28.5 2:32 n 2.SJ a 2fi!i Foods ______tbous. of doL_ 11 1, 7:;:) 1, 916 1, 969 1, 711 1 1, 568 I, G07 1, 330 ' 1, 3()1) 1, 823 2, 071 1, 636 I, 07~ " I, 'X'T/ Oarden ______thous. of doL_ 10~ 59 75 61 ' 41 31 8· 16 ll 7 18 57 111 House furnishings ______thous. of doL. 1, OOf1 535 867 I, 039 : 780 I 351 1R3 ' HS 817 796 539 1~4 11 4HO .Jewelry and silverware ______thous. of doL_ Hl 33 109 190 ' 86 36 52 179 233 28•1 :~n Machinery ______thous. of doL_ 911 27 40 45 I ~~ i 32 41 32 52 60 49 5fl !ik Ofllce equipment______thous. of doL_ 15S 91 110 102 ~ 99 81 70 on 139 180 116 10~ 111!J Paints and bardware ______tltous. of doL_ 12\l 91 163 203 ' 135 88 24 .01 144 84 28 11 27 Petroleum products ______thous. of doL_ 22!) 145 258 228 I 303 288 248 ' 213 2:?f) 163 180 103 158 Radios ______thous. of doL_ 11:{ 115 lOS 100 ' ~5 98 64 ' 80 ns 213 180 100 (1 10~ Schools.--· ______thous. of doL_ 12~) 101 113 128 ' 133 132 143 ! 150 128 109 115 1:10 ' 145 Shoes and leather goods _____ thous. of doL_ 142 62 198 213 222 106 39 : 134 2~17 201 12~l 2- I "40 Soaps and housekeepers' supplies thous. of doL G2D 576 717 711 643 651 438 461 I 551) 555 318 2:1: I 565 Sporting goods ______thous. of doL_ ~~ 72 114 184 i 223 223 179 169 i 112 101 179 S;) i 102 Stationery and books ______thous. of doL_ ~01 187 198 137 117 82 167 1 310 I 257 385 1!)2 ! 187 Tobacco manufactures ______thous. of doL_ fi2l 449 523 !~~ i 486 454 461 433 ! 503 539 40ii ' a r.:t~ Travel and arnusement _____ thous. of doL_ ~~2 343 4o9 521 I 418 :. 257 152 188 I ~g 1. 302 ;-{5·1 (/ 221) ! (I 261 Miscellaneous______thous. of doL. f\1\:\ ~ n fiJ2 I u f17~ 414 574 6fi2 ! 580 1 472 433 ' 554 fi43 660 739 Lineage, total t .. ------.. ----thous. of lines __ 2, 210 I 2,013 2,469 2,501 i 2, 271 i 1, s53 I 1, 534 : 1, 827 ! 21 264 I 2,317 2, 1~16 1, DSl I 2,011 ' Data discontinued by the reporting source. • New Heries. For earlier data on building costs, American Appraisal Co., refer top. 20 of the August 1933 issue. N. I. R. A. highway work started in September 1933, see N Monthly statistics through December 1931, I t!l:;;; 193-1. 1 19:{5 together with explanatory footnotes and refer-~ ences to the sources of the data, may be found !>.lay in the 1932 Annual Supplement to the Survey ,\Ln:h Jt;n~ - JtllY -~:~~~ ·'~~t~~~~c\<~~ ~~~~~~~~T~~~:u~ i!an~~r~~ F~~~:t· DO~i Eci'I'IC '1'H.ADE-Cnuti'lucd ADVER'fiSING-Cm Unadjusted ______------__ HI2U-:ll = IIJO HO.IJ 79. i 7tl. 9 H.~. 5 91. :l W3. \1 Ill.~: !) 7;). s Adjusted ______·------1~29- Minneapolis* ------·--192\J= 100 .. ,,, lit 1 81 85 7f) 117 New York* ------··--H?25-27= IO(L_ 7 2 7:J no : 77 8~ S!l 137 Philadelphia* ------1D23-25= 1UO. IH ti!i 4'' 4S .Sf-l "? 70 11.1 Richmond .•...... 102:3-25=100_ \)~ ; ~7 59 73 85 1 i2 · lO~ 172 St. Louis __ ------·- 1n:.::·~-:?;J= 100. _ 71 ; (,') 43 5:S 7f) 74 1 7S 117 San Francisco* ______1923-2.3= 100 _ 71 GO ~·4 ! so ' 81 I 83 144 o Revised. " Preliminary. .*New series. For description of Cbnin Store Age indc!xes seep l~l the .Dcccml·er ia:;'? i~·sue. Comparable data of II. L. Green Co .• Inc., sales prior to July 1933 not avmlabl~. For earlier data on autrmobile8 seep. !!J of the April HJ::-t '·l!1d Ytlri:!ty stcr ~:1!t>s p. ll"\ of tLe ~\fareh 1P34 issue. nata prior to O(;tober 19~~3 on collections not published. Data are currently being rerein;d from about 400 slnrt::-l f'n (men r:.rc:~1:r1t~ uu DOMESTIC TltADE--Continucd RET AIL TRADt;--Continued I I "73 I --o74~-~~--~-•-74- ---"-,5 Dep EMPLOY~IE:\TT CONDITIO?\S AXD WA(U<~S ------·------,~------,----- t;l\IPLOYJ\lENT Factory, unadjusted (B. L. S.)• __ 19?.3 -2f,=100 __ 82.4 80.8 82.4 s:::. 5 Fl. 1 78.7 79. 51 7&. 81 71;.4 I 76.8 78.0 78.7 81.2 Chemicals nnd products ______1~123-25=10{) __ [ 112. 7 112 ..~ ll:l. :; !Oii. 1 104_ [l JO.i. 3 108.0 ' 108.8 108.4 109.4 Chemicals ______------·---192:3-25= l()(L: 103.4 107. 7 110.8 111.:! 111.7 112. :l ~~g: eI ;g~: :; I ;gg: ~ I 101.4 JOe:. 9 !03. 0 102.8 102.4 Druggists' prep:J.rntious. ____ .1\12:3-25= 100 __ ! us." 103.1 lOU.(; 97. ·; ~)(), !1 il3. 8 us. (i !(13. 0 I JOii. s I lO!i. 5 10:~. 8 !01. 3 Paints t-tnd vnrnishes ______l92~~-2J=l00 __ 1 11H.2 !18. 4 10~. (i 107.4 !IJij.J JIJL 2 t1n. 1 \Its. s ~Jtl. n 1 99.1 1 lW.5 llS. 7 102.2 Petroleum rctlning ______.1923-25= 100 __ 1 !07. 9 110.2 tu·r. ~ 10:1_ 0 111.4 I 11. 7 11.!.1 I !2. 9 112. V Ill. g 110.8 JUV. 0 !07.3 Rayon and prodocts ______J9Zl-25=100 ..! 348. u 321.9 319.0 2!17. 7 273. b '21Jfi.S 32D.h 32~'. 3 338.0 346.8 1 93.8 Food and produets ______1923-25= too __ ! V2. 7 nn. 2 97.2 90.li 105. l 11U.1 ~~~: i r~~: i rn: ~ i 109.0 JOe:. 8 Ul.4 110.9 110. 3 111. 2 113. ~ 114. I) Jlti. a 11f>. 8 11.1. 7 lll\. 1 115.4 ' 11;;. 4 106.7 111.3 151. :) 147.7 l!'i6. () lt39. 1 1~3. 0 J~S. !l 1:-;.1. 8 17H. 7 H~R. 2 1[>1. 9 : 148.7 !44.6 145. 7 ft~~~J;,~ges~ ~ ~ ======: ======i~~~=~~= fgg: =i 10[\.f) 91.3 87.2 Slaughtering, meat pncking __ l923-25= 100 __ 1 82. g 92.8 92.4 Uli. 7 101.4 JO:l.:; 11:L4 !2.1.2 117.G 1oo.3 I 67.8 0 70.7 Irou and steel and pruduct.s ___ 1923-25=100 __ 1 71. ~.1 70.0 72. tl 70.2 7fi.4 10.3 US. 6 fiG. 0 Gti. 0 6G. 2 ! llli. 6 ()(i_ 9 6().-1 72.9 Dln.stfurnacesnndsteel works_l923-25= ]00 .. 1 74.0 70.1 72. 9 7ti. g 70.1 72.4 CG. ~~ I Structural and metal work ... l923-2f>=-\00 __ , [if)_() 53.!) 51'•. 0 58.:) fM.7 UJ.O 2g: b ~~: ~ X~: i 1 57,9 I 57. 6 55. 9 53.8 Tin cans, etc ______JUn-25=100 __ 8(\. 4 85.4 8~. 2 91.2 t)IJ. 7 ~~u. c 1 ~9. 5 8[). 5 8.1. 0 "85.4 Le Foundry and machine-shop prod1g•ts I 1D::?3-2fi=100 __ : 73. [; G8. 3 71. () 73. {i 73. I flU. !l nv.o f\O.S fifj, 4 l':i.O ()!)_ 8 GU. 2 72.0 0 186. () Hadios and phonogrnphs _____ lU2:3-2ii= 100 __ i ~~~- () lSi. G 200.2 201.2 20il. 0 20.'""l.IJ ' 217. ,r; ::uv. ~) 222.8 211.5 20'1. 9 !91. 4 1\ictals, nonferrous ______11)23--25= 100 __ _ so ..s 75.1 7G. 9 77. X 7;,_ 9 7:!.1 ' 73.·1 i:l.2 75.1 76.0 71). 9 75.9 79.2 (i]. 2 65.0 Aluminum manufactures~ ___ 1923-25= 100 __ , Sl. 5 82.2 71-t 1 7{i. 0 (ij_ 5 07. 7 f•i. [) Gl. S 62. f) 6:2.2 60. !J I 72. i" 70.8 71.1! 72.0 74.0 75. 4 80.8 Bruss, l>ronzn, copper 1Jrod ___ l92;~-25= 100 __,: :-;:;, 0 7.~. I 7H. 1 81. ~ 7S.:.! (;i. ~ I' 114.0 Btampotl and cwunel \\'are ___ !.\123-·25=100 __ , \17. () 87. fi \l-1.0 w,.() 1./:).0 ,J,J,,} I ~7. 1 b-1. 4 8~. !J R3. 9 Sl. 5 811. I !>5. G ~6. 7 Paper n.nd printing_ ~------1{.123-25= WO __ ; flO. ~~ I !13, 7 !~:i. 1 9.\ \) U-1. 7 n:·L 4 : !1:1. ~ f/fJ, 3 06.4 96.8 9"7. 5 !'aver and pulp ______1U23-25=100 __ , 10H.7 101.4 10(), 8 !07. 2 JOH. 0 JOJ.. 8 ~ IO·t S !Of-.4 JOG. !i !06. 9 ' 107.4 1()(\. 8 108.'1 52.9 kailroad repair shops_ ·----~---l~J2~{-·2fi=l00 ' 5:-t(j !55. 5 5i.~ ;)9, {) fJO. 8 50.3 .1:), 7 v:J. n 51.6 52. 0 51.6 Electric railroad ______)1)2::}-:lfl= 100_., (}5. s fiG. 3 (;(\, :l li a Revised. "Prelimin:uy. *New series. For earlwr (bta on fuctory ernploymeat uwdjust~~d in det·lii, see PP- Vi to!~, ind'Bive, of the June lV:H is~me. See pp. Hi ,1nd l9 of the July 1934 issue or factory employment adjusted total and in detail, awl una.djl!sted total. Seep. 20 of t.he Deca;_aber Hnt i:'lsue for rural c;enoral rnerchandise sales. li'or earlier data on 1lepartmcntHstore sales see, p. 20 of the llebru~1ry 1D35 issue, except for Uhicclgo. No to that adjusted indexes nrc not avai!able for thP Pederc:l !tes;..~rve districts not shown Note also that the combined index (adjusted) is computed by the F<1deral Hescr>e floard and the Jistriet adjusted indexes are computed hy the Federal Reserve banks. t For Uhic·tgo department-store sa!Ps, seep. 19 of the April l\l35 issue. • 'I' be adjusted index of department store sales (total value) bas been revise•! by the Federal Reserve Board. Revised indexes not shown above were published on p. ~54 or the April19~~5 issue of the Federal ReserlJe Bulletin. 'I' he revisions, which are Ininor, will be shmvn inn t-Jubscqnent is~ne of the Surt1ey. 28 SUHVEY OF CURI\E~T BUSINESS 1\Iay 193i> ------·------·--- -,------~---~------·------~ --- ~----~------· ---- EMPLOYMEN'r-Coutinued 1 Factory adjusted-Continued. I ~JO. 5 90. 5 911.0 9-1.0 91. 4 88. g 87.!) 82.41 81. 4 83.41 88. g 81J. 1 L'i~~~~~ ~~~ ~~g~s~~t:~~~=::::::~~~t~~:;:;gu s~. u 90.0 913.1 i)-t. 2: \JO. \) 87.7 87.5 81.4 i 7!J. 7 82. I! bH.l b8. 4 ::->;:.;.\.! Leather _____ ._ .. _. ____ . __ ._ •. 1923-25 = 100 ... 1 !13. :; 92.9 Vll. 0 \.J:l. 4 93.8 94. 1 89.7 b8. 3 88.6 92.3 J,u[nbe: and products .. ------1~23-?~:" 100 .. ] -1U.S 50.0 51. :3 49.8 48. s 4S. -1 ~~:~ i 47. 7 47.3 47.8 ~ urmture. __ ---- ____ -----... D23-2d-100 .. , 6·!. [, til. 1 t>3. 0 1!4. 7 64. u 62.8 63. o I 01. 2 60.7 6J. g fj/. (i :y·~. ~ 38.1 39.2 3!!. 9 3;·. 4 ' 36.7 a:•. 7 34.3 00.0 ! :l6. 3 37.3 ;;,-_.j ~;~~f~~~::::::::::: :::::::: l~~t~~: i8g:: i 31.6 33. 7 3-!. 5 3 Banks, brokerage houses, etc.*t.I929=100 .. ] (') (3) (') (3) (3) (') (3) (J) (3) (3) (') (J) Dyeing and cleaning't. ______1929=100 .. [ 72.5 <2; Hotels ______. ______.1929 = 100_ . 72.4 79.9 84.3 84.9 80.5 78. (i oo. o 80.3 1.;.8 72.4 70. ll {};l. li SG. 5 a 1 86.4 80. () 85.7 8G. 2 86.3 SG. 2 84.4 I 84.2 83.7 83.3 ~5. 4 oG. 7 Mis~t~~~~i~~dais::·------1929 = 100 ·i 79. 7 79.2 80.5 82.1 84.0 84.6 83.7 82.9 81.7 80.3 79.5 79. 6 79.0 Construction employment, Ohio.1926=100.. 1 18.4 20.2 24.5 31.7 38.0 :lO. 5 26.6 26.4 25. I Farm employees, hired, average per farm • 24.7 21.6 17 . .j "18. 13 1 number__: . 72 . 80 .80 . 92 1. 02 . 87 . 88 . 9-l Federal and State highway employment, 1 .80: • 66 • G5 . 65 . G8 total*_------.number __ I 217, .53D 296, 265 I 345, 278 466, 504 Construction• ______number __ lOll, :wo 545,013 549,203 531, 034 498, 151 450, 322 426, 603 323,700 i 240,414 221, 406 ! 164, o3s I 200, 167 299, 133 374, 056 380,701 350,764 309,745 Maintenance• ______number .. I 108,1-19 281,087 : 267, 152 1~9. 020 : 120, 131 99,197 132,227 1136, 111 167,371 170,957 168, 502 180,270 ISS, 106 169, 2351' 159, 451 131, 080 ~ 120, 283 122, 209 Federal civilian employees: I I United ~tates* ------.. number __ ] 720,270 659, 503 I 680, 026 'I 694, 968 G96, 977 702,037 707, 546 713,662 Washmgton. _ ------______number __ 71.1, 600 707. 307 707, 606 710,347 715,901 97, :)88 81, 559 1 83, 850 85, 939 87, 196 87,978 91, 065 92, .557 93, 322 . 93, 827 94, (\50 ' 94, 389 U.:i, 517 Railroad employees, class L. _____ thous3nds .. ! \JU7 1, 015 1, 033 ' l, 061 1,071 1, 065 1, 048 1,035 'l'rades-union members employed: : i 1, 028 ! 995 977 a U7G VSb All trades ______percent of totaL.- 7X 7.5 76 76 75 n' 75 7C 73 1 71 Building trades• ______percent ot totaL.! 41 45 42 43 4.) 43 4'2 44 Metal trades* ______percent oi totaL. I 13 40 70 72 75 78 76 if> 7:~ i 74 Printing trades* ______percent of totc1L. 82 s·> 83 ~3 All other trades* ______percent of totaL i 83 ' 83 84 S5 84 84 81 78 83 ; 84 79 : On full time, all trades ...percent of totaL.! ~~j 5:l 52 49 48 52 I 53 48 i 5-! • Revised. ' Not available. • For earlier data see the following references: Employment in Baltimore, Milwaukee, l\farylan ------·------·-·------·------=--=··-=-=c-=c-=-c=--=-=-=------~-- ·----- ~~nt~ly st~~is~i~~ t~r~~~h -~e;~;,;~~;~~3~~-1!)35--~------1934 ____ ------l9-35 ____ _ together with explanatory footnotes and refer------· ------ences to the sources of the data, may be found M h M h I A .1 I M I June i July I August I Septem-1 October! Novem-1 Decem· Januarv I Febru- - in the 1932 Annual Supplement to the Survey arc arc pn ay i ber 1 ber ber _J_!_ ary _ 1 EMPI~OYMENT CONDITIONS AND WAGES-Continued I LABOR CONDITIONS lJ ours of work per week in factorics:*t1 Actu:tl, average per wage earner ______hours__ :~G. 6 36.4 35.5 1 8.1. 41 a 34. 0 :13.5 33. 3 a 34. 0 3[). 0 Industrial disputes.§ Disputes (in progress) ______number__ 2(i5 210 281 ~{26 ! a 2(i[) a 25H a 255 "23:~ "260 j a 203 ! aIm:~ "~o:~ ll ~:~ l 1 1 Man-duys lost. ______number .. J,~OIJ.IJOO 1,424,833 12,517,749 lai,6'i'O,:!I3.1) (2,020, 172 2 "4,029,155 aS 52, 787 a8-t I, 570 '.297 ut)O M~::~~er"!~~t!~~~:~~~~~hfoo~:~t~':~~d r~~!:: 19351 ------__ !~~~ ------~-~35 --- i':~~~ ~9;~eA~~~:!"s"~~~~e~~':;t~afh~eS~~~~ !>hrch March i April !.lay June July Au~ust 1Sep{;~~~- i October Nob~~m- i Dl~~rm-1 January F~;:~u------E~1:PLOYMENT C{fNDI'l'ION~ AND WAGI ----PAY-RoLLs...=co,{ti~ueci ____ --, I Nonmannlacturing (Department of Labor)-Con.i ~~= . a GG. I! Retail t ------1929= 100 __ , 59.8 f,[. 2 61.5 61. BANKI:-iil ' ! Acceptances and com'! paper outstanding: I Bankers' acceptances, totaL ... rmlls. of doL_I 4 5\>91 51G 520 .\3U 561 Gt:l ] 51H 49:1 Held by Federal Heserve banks: ''i'l·"I For own acconnt______mills. of doL ______[______' ______, For foreign correspondents_mills. of doL_ . __ l r,; 3 I 2 I Ueld by group of accepting banks, total mills. of doL. -4~J 507 II 4SO I 472 483 503 51fi 517 4:i2 Owu bills. ______mills. of dol .. wd ~26 220 I ~2~ 2:23 ~-15 :25:~ 217 Purchased bills ______rnills. of doL_ 221l 1 299 : 281 2i;O i 250 ~(il 280 :!71 ~135 2·ii' ~35 Held by o1.hers ______mills. of doL_ I 4:1 I 70 5\l I 53 I 42 :J7 "'''" 46 41 :lO 41 Corn'! paper outstanding ______mills. of doL_ 182 13\l 141 1f)l 11\8 ISH I H)~ I~S 17~ lil 177 Agricultural loans outstanding: I I Farm mortgages: I i Federal land banks ~------mills. of doL. 1, 975 l, 45d \, 484 1, cno 1, 740 1. R29 \, Y2:l I, 94J J, o•t~ II J, o:n ! Joint stock-land banks ~-----mills. of doL., 34Y :ll.) 3 "" :120 1 3011 ~95 121 Land bank commissioner* ___ mills. of duL_I ~59 :HI 37U' 430 478 Federal intermediate credit bank loans to and disconnts lor: " Regional agricultural credit corp's and 1 production ~redit ass'ns .... rnills. of doLl 115 t\(i 103 120 127 128 12;') 118 100 I 101 1 lo:l All other mstttutwns ______rrnlls. of doL_j 87 70 70 70 71 73' 74 73 8S 90 87 Otber loans: Agricultural marketing act revolving fund I loans to coopcrativest ______mills. of doL_ 50 68 67 I 55 55 ' 55 57 511 Banks for cooperatives, incl. Central Bank*------.... mills. of doL_ ~8 11\ 17 19 21 21 23 25 25 28 Emergency crop loans• (1921-1934) 1 , rml.sofdoL_1 75 f,8 84 90 91 1 91 \l2 91 S;l 78 78 Prod. cred. ass'ns' ------~----miils. of doL-l 8'i 4 14 ' :lS :;g fiO D8 fil 58 58 'I 61 Regional ag. credit corp,* ____ mills. of doL SO w. 145 i 143 138 129 118 \07 \!7 91 87 S'' • Not available. a He vised. t Joint-stock land banks in liquidation. 'l'hese figures will no lon~er be reportea . .. New series. For ertrlier data on the followiu;; subjects refer to the indicated pages of the monthly i:-sues, as follows: Pay rolls, banks, brokerage houses, etc., p. 19, June 1Y33; pay rolls in dyein?; and clnnnin~ establishments awl laundries, p. lU, June 19~~3; factory weekly earnings, p. 20, October 1932; factory hourly earning~. p. 1~. December 1932; \veekly earning:J, M:ls:-::_tchusetts, p. 18, December Hl3~: construction wage rates, p. 19, SeptembBr 1933. Earlier data on aUditional series of agricultunJl loans outstandill!~ will Le shov.·n in a snhsequent issue. t Revised series. f'or revisions on tla"~ followiG~ subject~ rrfer to the indicated pages of the montl1ly issues. as follows: Pay r :Monthly statistics-through- December 1931, I tH:a - together with explanatory footnotes and refer t9a5~- - I 19'15 ences to the sources of the data, may be found Mare~, --;:rar~~r~~;;;-f-;-;~;l·-~:-;rJuly ~~~~~ust 1 s~£~~,~-J ,;~to~e-rT~~~;;f5~:J;;.- ~;:~~;";; 1 i;;~f~~~- _in the ~~g_~~nual ~upplement to the Survey _ - -- . ---- - FINANCE-::(;oiJt!nueJ ------. ------ ;ank~~bit~t~:t~~~=~~~~~~~l~---:r;;~~~~~;. 744--29.~;~-r;;-;~r ;s, ;;7 -~--3~.~~~~-;;:;5~-~-~,;, 70~-~-~~~;-12~-~;o- 21, 7~~--- 25,730 New York City ______mills. of doL.' !5,895 15,008: lf>,ll5:J i ll,652 15,3~8~ 13,5•12 12,285 11,122 12,:!86 11,313 12,549 R:;;~~~~1~ 0~~~ York City ______mills. of doLi 15,849 14,077 1 H, 278 ! 14, 105 14, 7 Federal l.{eservo banks: 1 • I '[ Assets,totaL ______mills.ofdoL: 8,833 7,1ili(l 7,95:l 8,028 8,1'i5 S,Hil 8,197 8,220 8, 22\J s, :n~ S, S73 Reserve hank credit outstanding 1 mills. of rloL' 2, •171 2, 5·15 2, 48.o ' 2, 4fi:~ I ~. 472 : 2, 4G2 2, 464 2, 4tl4 2, 155 2, -:Jf,;) : :2,·Hl0 ::, ltil Bills bought______mills. of doLl 5 29 U: v 5 'I 5 5 6 ti G! 6 ll Bills discounted ______mills. of doLl S 54 39 I 31 25 22 23 1 15 11 11 7 I fl 1 United States securities ____ mills. of doL 2, •137 2 447 2, ·131 1 2,130 2, 432 ; 2, 432 2, 432 2, 431 2, ~;l() 2,130 2, 430 2, 4~10 2, 4:;o 1 5, 212 5, 317 5, 401 5, G~O 5, S07 R'd~~de~;s~•;;~;§=====:======~tlJ~: ~i 3~1:= ~; ~~~ :: ~:l~ !; ~6~ !; ~~~ ~; ~&§ I ~; ~~6 ~; i6Y I t ~~8 4, 989 [\, 107 5,H3 5, 40.5 .t),55H Liabilities, totaL ______mills. of doL 8, 833 7, 6G9 7, 953 8, 028 x, 175 1 8, 16\ 8, 197 8, 220 8, 229 8 3')<1 8, 442 R, 7l!J s, x7:{ Deposits,totaL ______mills.ofdoL_ 4,8!13 3,ti53 3!1~'' 4,023 4,138 4,295 4,3121 4,257 4, .ZG2 4:313 4, 405 4, ~10 1\lember bank rescrves _____ mills. of doL 4, 247 3, 457 3, 746 3, SlO 4, 02!1 4, 052 3 "'· :-~:-.n 3; 5!19 1 1 ~3·! 4, GOD 4,0~1 4,1JU6 ·1,!)4:) 1. n?<.7 1 Notesincirculation ______mills. of doL 3,166 3,o::s 3,060 3,069 3,101 i :;,on :l,I34 3:167 3.161 I 3, 21:! 3, 221 :J, O"i , :~, J[d neser.veratio ______percent..l 72.3 67.8 tl8.8 li\/.1 1 u9.4' fl9.9 70.1 7C.O 7o. 2 I 70.6 '10. 8 : 'i:!. 0 7:2. ~ F'ederal Hescn·e reporting membrr banks:• ' I I 1 1 [)eN.potsidts:e eman d ______nn'11 s. o f < l o 1__ 1·1, 0.,,0 7 11 , 794 II 12, 221 12 , 4°6• I 1''"', 504 I 12 • -,5,., 12.926 I 13,083 13, ·176 13,627 13, 685 14,027 U, 17ii Timo ______rnills. of doL_ 4, 476 4,419 4, 454 4,455 4, 501 4, 4o8 4, 510 4, 471 1, 474 4,392 4, :J8S 4, -13t 4, -1~:) lnvestments ______mills. of doL 10,!100 9,311 i 9,326 9,280' 9,723 1 9,889 9,906 10,017 \0,030 10,059 10, 575 10, tlS3 10, n;; 1 U. S. Gov. direct obligations* • 1 1 , rnil1s. of doL 7, 280 ' ' i [ I 6, 639 6, 715 7, 192 7, 2~7 (){)0 1 5.55 2, 789 2, s~-w 7, 705 7, GHS 452 440 979 !)()5 I i I ;;;::: 3, 017 2, !lH!i j~~~f~E~:~:·~~-~~1~ :~ ::~~;~ :~;: ~~~~ :;~;1 ::;i~ 1::~~; :~ 3, 257 3, 198 Acceptances, bankers' prime ______pcreent__ }B %-% %-H ' ~~-% I }S-}.i H~~-1 }-8-H }8-M H-11o !x Call loans, renewa!______percent__ 1.00 1.00 I 1.00 I 1.00 1.00 1 1.00 1.00 1.00 1.00 J.IJO Con1'l paper, prime (4-6 mos.) _____ percent__ % 1-H4 i 1-lH ! 1 74-1 1 :h-] :Pi-1 %-1 %-1 Discount rate, N.Y. F. H. Bank ___ percent__ I. 50 1. 50 [ 1. 50 i I. 50 1. .50 1 1. 50 L 50 I. 50 1. 50 Federal land bank loans * ______percent__ 5. 00 5. 00 5. 00 I 5. 00 I 5. 00 I 5. 00 5. 00 5, 00 5. 00 Intermediate credit b,lnk lo:ms _____ pcrcent__ 2. 00 2. 74 1 2. 50 i 2. 26 2. 00 2. 00 2. 00 . 2. 00 2. 00 1 1 1 3 1 3 3 1 sa~r::~i'~?i~~~~~i~~g;;,~~~~-~~~ ~~~=====~~~~~~~== ----;4 ~ 1 - ---5- .•j.1' _2-2 .~.. __:,"_,~o~-9-~,-: _____5.~.o;_9-o 1 -~- --5- ,: 41_3-4 _1,_- -- ; 4 ~ 1 - --s- .,o4 ~4J--: .~~!-1- 5.,.1-28 New York Strrte ______mills. of doL_ 5,185 5,114 " I I 5, 1-17 U.S. Postal 1-lal"ings: ·1 I 1 Ral. to credit of depositors __ t.hous. of doL_ 1,202,539 1,199,985 1,197,488 1,196,907 1,197,920 1,190,288 1,192,199 • 1,192,764 1,198,578 1,207,42.8 ia1,200,767 \205, ()[i;) Balanceondepositin banks.thous. of doL_ 465,375 S55,5:J:l 806,163 730,05ll 694,575 G43,ti00 596,937 573,022 559,918. 550,608, 53\J, 547 ,a508, 312 4SO, OliO Commercial failures:~w~ I I I I TotaL ______number --1 976 1, 102 1, 052 977 I, O:l3 912 929 790 1, 091 923 : 96:) I' I, \Sf l,OOfi Agents and brokers ______nmnber__l 90 106 102 09 I 95 ns 9511 64 117 103 100 ' 8\l ]]/; J\Ianufactnrers, totaL ______nnmber__ 223 301 281 246 279 235 237 214 258 zz:l ')')5 I 2fiV 1 Chemicals, drugs, and paints_ .number__ 6 {i 6 71 6 4 5 4 6 :J ""4 i 10 l'oodstutls am! tobocco ______number__l 17 23 32 ' 32 27 z:; 221 19 28 16 •H·) I ~)2 : 1 1 !• {) Leathrr and manufactures _____ number__ 9 19 1 7 : 7 9 11 11 9 7 10 ..:7 Lmnher. ______number__l 3:l 40 1 36 26l 32, 37 32 35 24 :30 :u! 2\ Metals nnd machinery ______nnmber_J ~ ;;nthly- statis~;cs throu~h De~ember 1931, · 19351 1934 1 1935 together With explanatory footnotes and refer- ,------ences to the sources of the data, may be found I J\. . • • i j July l August -Septem-j O~tober I!\ ovem--1' De~;,;-~~----;'-Febru- in the 1932 Annual Supplement to the Survey ! · Lnch March 1 April i May I June ------~er , her ber i anuar I ary FINAN CE-Continued LIFE INSURAN()E (Association of Life Insurance Presidents) Assets, admitted, totalt ______mills. of doL ______17,360 17,417 17,487 17,556 17,659 17,725 17,798 17,891 17,982 18,040 18, r;,; lB, ~.f/ Mortgage loans. ______mills. of doL. 5, 5!1 5,457 5,398 5, 335 5, 272 5, 201 5, 141 5, 077 4, 997 4, 917 4, S77 J,;,J!) Farm ______mills. of doL. ______1, 164 1,143 1,124 Other ______mil!s. of doL .. ______1,101 1, 076 1,047 1,023 1, 001 971 9.10 g;)2 Hll 4, 347 4,314 4, 274 4,234 4,196 4,154 4,118 4, 076 4, 026 3, 967 3, fl!5 :J, 902 Bonds and stocks held (hook value): mills. of doL. ______6, 794 6, 868 6, 919 7,010 7,133 7, 200 7, 302 7. 517 7. 603 7,834 ~. OHi Government. ______mills. of doL.------·- 1, 967 2, 022 2,047 2,116 2, 203 2, 236 2, 407 2, 503 2. 577 2, SOl ,. ~~~ I 2, !)f,f) Public utility. ______mills. of doL··------·- 1, 716 1, 719 1. 727 I, 732 I, 740 1, 750 1, 754 1, 75S 1, 784 I, 791 i: 8(,5 1,8U Railroad ______mills. of doL ______2, 584 2, 587 2, 586 Other ______mills. of doL ______2,592 2,606 2,617 2, 619 2, 626 2, 6:10 2,629 ., f''O :.!, {)3[, 527 540 559 570 584 597 612 630 612 610 -· 03;; f:IU Policy loans and premiumnotes.mills. of doL. ______2, 921 2,915 2,907 2,898 2,893 2,889 2,886 2,880 2, 869 2,868 2, 861 2, 85t Insurance written:t Policies and certil1cates ...•...... thousands.. 1, 185 1, 228 l,li8 1, 201 1,132 1, 0,12 1, 073 880 1, 104 1, 061 1, 260 1, 051 1, 054 Group •... _------______thousands._ 23 30 46 34 51 26 25 16 25 21 54 24 14 Industrial._.--______----_____ thousands.. 892 894 841 868 805 766 793 654 821 784 922 741 790 Ordinary __ ----______._ thousands._ 2G9 304 291 299 276 250 255 211 2.58 256 284 2S2 ~50 Value, totaJ. ______thous. of doL-! iii~. ~91 787,628 794, 495 791, 544 762, 490 694, 259 699,879 551, 556 694,718 676, 757 838,576 824, '103 i21. 391 Group ______thous. of doL.I :10,611 33,241 62,214 40.989 i 57,812 46,7951 39,628 21,087 36, 20~ 28,137 71,394 27, 31S 20, 3S8 2~l-\ 2lil IndustriaL ... ______thous. of doL. 228, 107 220,366 226, 013 211, 473 202,256 212, 380 170, 935 216. 439 205, 41i3 239,873 19:), :!55 ~09, 017 Ordinary ______thous. of doL. ,,o::, nw 526,280 511, 915 524, 5421 493, 205144[>, 208 447, 871 359, 534 442, o;3 443, 157 ?zz. 3o9l"o1,. 3o2 401, USG Premium collectionst------thous. of doL. 2.1~. 451; 251, 119 ' 245, 099 244, 281 246, 414 252, 572 234. 662 211.892 245, 252 23f,, 514 061,481 30., '~" 24-t, 3::w Annuities ______thous. of doL. 26,605 25,030 28, 742 29, 266 33. 246 33, 501 '2/, ;);):2 Group ______thous. of doL. 10,114 22, s57 I 22, 760 27,165 36, 771 73,579 71. 79i 1 9, 724 8, 255 8, 250 7, 813 8, 885 8, 350 7,870 8, 314 7, 84.5 9, 753 9, 861 7k:i IndustriaL ______thous. of doL. 54, 25i s, 54,012 52,340 48,018 54, 523 54,072 49, 111 50,772 55, 301 48, 392 ;;:1, r11 ~ Ordinary ______thous. of doL 161,480 104, 056 52,519 164, 826 !59, 474 !59, 271 154,812 156,369 143, 700 130,490 l!i4, 442 113, 506 180,093 161,985 151. (j~J (Life Insurance Sales Research Bureau) Insurance written, ordinary, totaLmills. of doL. 545 571 581 588 556 498 484 400 495 476 590 C,i5 ;,:q Eastern district ______mills. of doL 233 244 248 251 233 213 208 162 213 206 251 2;)1 Far Western district...•....•.. mills. of doL. 51 55 55 56 58 48 47 40 49 46 59 305155 53 Southern district. ______mills. of doL. 64 63 67 68 66 60 59 52 58 57 71 70 61 Western district. ______mills. of doL. 194 209 211 213 199 177 170 146 175 167 209 Lapse rates------1925-26= 100 .. ------ 125 ------1!8 ------135 -----~~~_)______::~ MONETARY STATISTICS I '· 318 '· 337 '· 336 '· 338 •. 333 •. 330 •• 333 '· 330 b. :~2() ''· ?:2.1 . 228 . 234 .234 • 237 . 237 • 231) • 233 . 234 • 2:3:3 . 2:l:l . 082 . 085 . 084 .085 .083 . 082 . 0~2 . 082 . 082 • (JX[ .991 1.008 1.012 1. 024 1. 029 1. 021 1.025 1. 013 1. 002 . \1('/fl . 051 .102 .103 .103 . 103 . 103 .104 . 102 . 051 .O:il ·!.iS 5. 05 5. 04 5.07 4. 99 4. 94 4. 99 4. 95 4. 89 4. X'i . 066 . 066 . 066 .067 . 067 . 066 .066 . 066 . 066 .(lljli . 404 .383 • 385 .395 .403 • 40.1 .402 .402 . 401 • 4111 • ;)(i0 • 379 . 379 • 381 • 376 . 371 . 375 .372 • 3G9 . 083 • 086 .086 .087 . 087 . 086 • 085 .085 . 0S5 . 280 . 299 . 298 .300 • 298 • 287 . 291 . 288 • ::!8.5 . nso . 678 . 678 . 684 . 686 • 681 • G76 . 676 . 675 . 137 .137 • 133 .138 . 1:l8 • 137 .137 .137 .1:lG . 2-16 . 260 . 260 • 261 . 258 . 255 • 257 . 255 . ~~.52 .805 . 803 .801 . 810 • 812 .805 .802 . 802 . 800 7,821 7,893 7, 971 7, 971 7, 989 8,047 8,191 8, 284 986 588 -1,05.5 2, 419 260 -85 71 1,131 6, 586 114 14, 556 22, 255 2,173 310 140 :{1);) 41i 70,291 52,460 .51, 781 3, 585 13,010 121, 199 92, 249 1-10, i5f", L!:!,Sl';· 64,691 52.934 36,170 --If>, 251 ll,097 120,804 92,170 150, 52:1 J:.!:J,f)il",- 868,129 8i6. 091 881,861 857, -142 88:), 627 878, 847 856,037 890, 815 8:!1, :.!-Hi 94,439 141,910 93,212 144, 313 153.887 96,365 119,864 DS, tl\}Q 7!), i)fjl 5. 341 5, 350 5, 355 5, 427 5, 473 5, 494 5, 577 5, 411 5, 4:;u 1, 424 1,162 1, 698 1, 014 1, 248 1, GIH 20,.331 14,425 15,011 8, 711 19,08.1 !(;, 3ii1 • 495 '.\24 . 543 . 544 . 5!4 .Mfi 15,032 15,581 15, 349 a 15,462 a Hi, .i59 a 14, ~69 1, 512 I,o:Jg 1, 517 1, 187 1, 5:ll go:. 6,098 6,R21 6, 241 5,614 11 5,892 5, f100 1, 786 2, 099 1, 976 2, 917 2, 7:.?2 :l, Ill 1,1il1 :l. 111 May 1935 SURVEY OF CURREKT BUSINESS 33 ~------~------ Monthly statistics through December 1931, 1935 1!l34 ,i 1935 together with explanatory footnotes and refer· l----1----,-----;------,-----,------,-----,------,-----,------.--- ences to the sources of the data, may be found March March ,I Apri'l " J July I August ISeptem-1' October INovem-1 Decem-[January I Febru· in the 1932 Annual Supplement to the Survey , I may une ber ber ber ary 1 1 FINANCE-Continued PUBLIC FINANCE (FEDERAL) I I I I Debt, !'ross, end of month ______mills. of doL. 28,817 26,158 26,ll8 26, 155 27,053 27,189 'I 27,080 27,190 27,188 27,299 28,479 28,4761 28, 526 Expenditures, total (incl. emergency) ,J 1 thous. of doL 576, 224 623,592 °2,983,939 563,226 749,347 478,859 1 523,078 462,034 771,530 656,589 663, 725 481,343 I 528,998 Receipts, total, ______thous. of doL 645,605 434,555 199,278' 246,801 411,337 232,712, 297,256 515,383 302,287 292,219 439,088 233,486 I 239,248 Customs ______thous. of doL 32,303 23,122 23,792 '1 21,041 20,837 19,331 I 22,952 36,174 30,509 28,376 32,428 26,351 ! 24,960 Internal revenue, totaL ...... thous. of doL 557, 304 390, 353 I 153, 364 194, 294 362,243 195, 592 229,548 379,738 209, 697 189, 119 333,785 194,3661 181,621 Income tax ______thous. of aoL. 321,908 228,526 21,075 ' 23,776 186,161 21,709 22,924 171,177 19,189 22,528 163,057 22, 321 33, 310 ReconstructiOn Finance Corporation loans out- , 1 standm~. end of month.*§t , I Orand totaL ______thous. of doL 2,628,667 2,654,838 12,701,206 2,734,607 2,883,600 12,714,040 12,691,91712,680,898 2,654,955 2,671,378 1 2,6g0,032 2,662, 7321 2,658,503 Total sectwn 5 as amended .. thous. of doL. 1,196,541 1,498,661 1,465,359 1,438,924 1,436,187 •1,336,592 :1,297,412 1,289,672 1,283,439 1,295,928 1,309,206 1,264,450 11,233,102 Bank and trust companies, includin!' re· I I ceivers ______thous of doL 538,431 651,176 620,470 606,072 598,9091582,200, 594,905 591,972 583,452 599,397 632, 209 595, 717 568, 814 Bmldingan ======-~=,======~==~======Monthly statistics through December 1931, I 1935 1934 I 1935 together with explanatory footnotes and refer-~--- -- _ o _ ine_n_~_•_lo_t_~_~_u_r_c_~_o_f_t_h_e_d_a_•_·_m_a_y_b_e_~_u_n_d~_M_•_c_h~_M_a_r_c_h_,l_A_~r_D_I~M-a~~~~l-u_n_e~~~Myl~~~~bpetr~~~~~~bveer~~~bceer~h~yl~abr~ the 1932 Annual Supplement to the Survey FINANCE-Continued I SECURITY MARKET8-Continued I I Bonds-Continued I Yields: I I I 1 Domestict (Standard Statistics) (OO).percent __ 4. 41 4. 741 4. 61 4. 56 4.47 4.45 4.55 4.63 4.51 4.48 4.40 1 4.32 4. 32 Industrials (15) ------•• percent.. 4. 76 5. 51 ' 5. 28 5. 29 ~w ~ro ~~ ~~ ~w ~• ~~ ~~.1 4. 75 Municipals (15)f ------Percent.. 3. 27 4.11 3. 93 Ln LU LU LM &69 LM LU L% 1 3. 39 Public utilities (15) ______percent .. 4.241 4. 44 4. 65 4. 58 4. 57 ~M ~~ ~M ~M ~M ~- ~~ ~« 4. 41 1 Railroads (15) ____ ----- ___ --_-----percent.. 5.15 4.56 I 4. 46 4. 47 ~e ~~ ~• ~a ~- ~a ~ro ~MI 4. 72 Domestic, municipals (Bond Buver) (20) percent •• 3. 37 4.56 I 4. 27 4.17 ~m ~M ~U ~~ LW L~ LU LMI 3. 55 Domestic, U.S. Government: I ' U. S. Treasury bills: 91-day bills•• ______percent.. ______.08 .08 .06 ------['------______! ______182-day bills••------percent.. . 10 0 27 .18 .14 . 01 . o8 . 20 • 21 • 21 • 22 . 15 . 14 I . 12 U. S. Treasury bonds* ______percent.. 2. 69 3. 21 3.121 3.01 2.94 2.85 2.99 3.20 3.08 3.06 2.97 2.83 2. n Cash Dividend and Interest Payments and Rates I I 1 1 Dividend payments (N. Y. Times) i thous.ofdoL 202,988 177,807 162, 170 264, 155 217,544 113,295 245,625 162,704 140,477 343,031 231,750 181, 101 I 212,606 Industrial and miscellaneous .• thous. of doL. 199,945 172,416 155,651 246, 149 182,794 860 230,336 158,368 135,419 319,129 209,080 152,303 I 196,048 Railroad ______thous. of doL W7, 3, 042 5,391 6, 519 18,006 34,750 5,435 15,289 4,336 5,0581 23,902 22,670 28,804 I !6, 558 Dividend payments and rates (Moody's): Dividend payments, annual payments at current rate (000 companies) ..mills. of doL. 1,181.6 1. 079.8 1,073. 4 1,W4.5 1, 105. 1 1, 113. 4 1, 128.9 1,131.1 1, 137. 1 1, 163.9 1,168. 7 1, 177.5 ! 1, 184.4 .:- Preferred, Standard Statistics: _ ,I Industrials, high grade (20) ______percenL 5. 33 5. 961 5. 82 5. 78 5. 73 I 5. 67 I 5. 71 5. 79 5. 79 5. 64 5. 48 5 42 .5. 38 Stockholders (Common Stock) II 1 I I I I American Tel. & Tel. Co., totaL •... number .. 675, 755 671,0521------1------l 675,426 ------·------675,410 ------674,739 ------__ _[ ______Pin~:~1~;.Iiiiiii.iiiroa<.i-c;,:;"t;,"tai::::~~~~=~:: ___ :·~:: 23X: ~8~ :::::::::1::::::::: 23~:~~ 1::::::::: ::::::::: 23~: ~~~ ::::::::: ::::::::: 23U~~ ·:·--·- · -~~-- · ---- ·: u:~~~f!i"coriioration:-totai::::::::~~~:~::l--i9:224- 18~: m:::::::::1::::::::: 19~: i~g ::::::::: ::::::::: 19~: m::::::::: ::::::::: 19r: !1~ ::::=:::: :=:::=::: Foreign______number.. 4,062 3,770 _____ I_ 3,785 _ _ __ 3,802 ------4,083 ------~------Shares held by brokers ______percent of totaL 19. 34 19.01 .• : •• :.:: :.::::::: 19.731:.::::::: :.::: .• :: 19.03 ------_19. 44 ~~~~-~~-- --~~== 1 1 -~-~------~--~------~------FOREIGN TRADE INDEXES I Value: I I Exports, unadjusted ______1923-25~1oo __ 49 50 42 43 45 50 54 51 45 46 43 Exports, adjusted for seasonaL1923-25=100 •. 48 50 45 48 49 48 45 e 43 45 47 Imports, unadjusted••. ------1923-25=100.. 55 49 ¥s II 48 42~g I 39 37 41 40 47 41 52 47 Imports, adjusted for seasonaL1923-25=100.. 49 « 42 47 44 43 39 43 39 47 41 51 48 Quantity, exports: Total agricultural products •••• 1910-14=100 .. 45 75 60 I 50 59 I 46 46 65 82 73 62 57 50 46 43 Total, excluding cotton .•.•••••1910-14=100 .. 41 67 Ml 60 481 46 54 61 70 58 39 VALUE§ I Exports, Incl. reexports ______thous. of doL 185,001 191,015 179,444 160,207 170,574 161,787 171,965 191,660 206,352 194,901 170.676 176 '223 163,006 By grand divisions and countries: Africa______tbous. of doL 8, 135 6, 595 5, 708 5, 637 7, 064 I 8, 502 6, 659 7, 996 5, 757 7,290 6, 663 5, 376 7, 149 Asia and Oceanla ______thous.ofdoL 38,593 37,M1 37,490 27,538 38,393 35,935 38,132 40,1 19 46,883 41,837 44,294 3 9,969 37,403 Japan ______tbous. of doL 14,744 16,295 14,824 11,507 16,310 12,812 13,857 19,977 26.994 22,846 23,309 19 ,901 15,974 Europe ______thous. of doL 76,013 92,496 80, !50 66,692 67,618 61,814 68,728 86,9 12 95,100 88,541 69,346 78, 550 66,482 France ______thous. of doL 7, 334 12, 9W 10,674 7, 263 8, 140 6, 379 6, 476 10,334 10,512 9,131 9, 935 7, 544 7, 326 Oermany ______thous.ofdoL. 6,113 15,392 10,824 6,847 8,230 1 7,703 6,803 7,443 I 6, 275 5.0M 4, 646 4,735 6,075 • New series. For earlier data seep. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years). See special note below on yield on U. S. Treasury bills. f Revised series. For earlier data see pp. 19 and 33, of the April 1933 issue, yield on domestic and municipal bonds. §Data revised for 1932. Seep. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December 1933, and January 1934 issues. For revised data for months of 1933 see p. 20 of the September 1934 issue. • Monthly data on yields from 91-day hills for period December 1929 to May 1934 are shown on p. 20 of January 1935 issue. Data on yields from 182-day bills not avail able prior to February 1934. May 1935 SURVEY OF CURRENT BUSINESS 35 Monthly statistics through December 1931,1 1935 1934 I 1935 together with explanatory footnotes and refer- ----1 !'nces to the scurces of the data, may be found March March April M y I I July II August Septem-1 October Novem-1 Decem- I January Febru- In the 1932 Annual Supplement to the Survey a June I ber I ber ber I ary FOREIGN TRADE-Continued VALUE-Continued Exports, incl. reexports-Continued. I By grand divisions and countries-Contd. I Europe-Continued. I ltaly ______thous. of doL. 6, 947 5, 327 4,5961 4, 853 il 4, 276 4,275 4, 951 5,093 6, 226 8, 4451 4,821 6, 233 6, 870 United Kingdom ...... thous. of doL 29,444 32,288 28,840 25, 922 24, 862 24,380 30,694 40, 119 47,036 40,536 28,486 37,968 25,766 North America, northern .... thous. of doL. 26,532 25,798 26,650 32, 415 1 28. 515 27,281 27,852 25,370 27,420 21,379 23,151 23,664 Canada ______thous. of doL. 26,6551 26,005 25.363 26,254 31,9891 27,987 26,761 27,257 24,8.50 26,875 26,038 21,009 22,815 23, 317 North America, southern.... thous. of doL. 18,706 15,405 15,989 14, 927 15, 064 14,656 14,073 15,976 17,418 15,485 15,842 15, 674 14,353 Mexico...... thous. of doL. 5, 963 4,382 4,668 4, 753 4, 666 4, 762 4, 765 4, 614 5,910 4, 506 4, 407 5, 035 4,370 South America ...... thous. of doL. 17,021 13,081 13,449 12,998 13,919 13,597 16,522 15,318 13,774 15,092 13,152 13,503 13,955 Argentina...... thous. of doL. 4,623 3,909 3, 619 3, 3681 3, 504 3, 692 4, 437 3, 712 4,135 3, 780 2, 946 3, 504 3, 765 BraziL ______thous. of doL 4,125 3,400 3,169 2, 989 3,343 3, 216 3,965 3, 979 2, 961 4,359 3, 225 3, 551 3, 534 Chile ______thous. of doL I, 316 654 1,020 883 I, 0481 814 I, 329 1, 181 1,045 1,645 1, 271 I, 110 I, 316 By economic classes: Exports, domestic ...... thous. of doL. 181,969 187,495 176,499 157. 171 , 167. 957 159,242 169,832 189,237 203,622 192,321 168,467 173,560 160,312 Crude materials...... thous. of doL. 40,450 55,276 45,878 37,975 47,003 37, 199 39,662 66,437 82,879 71,744 54,520 55,814 44,995 Raw cotton...... mills. of doL. 21.8 34.7 24.5 17.6 28.9 20.3 17.8 32.2 43.4 39.2 35.0 32.2 27.1 Foodstuffs, totaL ...... thous. of doL. 16, 215 20,073 17,821 16, 816 14, 923 17,058 22,071 20,059 21,873 18,458 15,669 16,253 16,270 Foodstuffs, crude .•.••.• thous. of doL. 3, 681 6,139 5,348 3, 994 1 3, 023 3,685 5, 287 4,060 5,342 4,589 3,621 4,086 3,897 Foodstuffs, mfgd ...... thous. of doL. 12, 534 13,934 12,473 12, 822 11, 900 13,373 16,784 15,999 16,531 13,869 12,048 12,167 12,373 Fruits and prep...... mills. of doL 5. 4 5.5 4.4 3.3 4.0 2. 9 7. 7 7. I 9.0 5. 4 5.4 5.3 6.2 Meats and fats ...... mills. of doLl 4. I 5.9 5.1 I 6.8 5. 7 5. 7 5.8 5.4 4. 9 5.6 4.1 4. 7 4.4 Wheat and flour ...... mills. of doL 1.4 3. 2 3. 7 1. 9 I. 1 1.6 2.0 1.7 1.7 1.4 1.2 1.2 Manufactures, semi thous of dol 30 827 31 382 29 361 26 189 27 923 28 834 29 29 729 28 818 30 412 30,309 27, 196 i 25,483 ------' I ~~I Manufactures, finis bed ____ tho us. of doL 94:477 so: 764 83,440 ' 76:191 78:108 76:152 78:690 73:012 70:053 71:707 67,970 74,297 1 73,565 Autos and parts.. ______mills. of doL 25.0 20.6 21.5 20.6 20.0 18.4 15.3 14.0 12.4 11.0 12.4 17.2 20.5 Gasoline ______mills. of doL 5. 0 5.6 5. 8 3.8 4. 0 3. 5 4. 1 3.8 4. 2 4.1 3.4 4. :; 2.8 Machinery-----.• ______mills. of doL 23.8 18.3 19.2 17.0 18.6 18.9 20.2 18.8 18.7 20.6 19.1 18.2 18.8 Imports, total~------ ______thous. of doL. 177, 279 157,908 146, 517 154,647 136,082 127,342 119,515 131, 659 129,629 150,919 13 2,252 167,006 152,537 Imports for consumptio n• ______thous. of doL. 175, 408 153,075 141,137 146,866 135,048 124,123 117,288 149, 755 137,859 149,412 126,231 168,623 152,288 By grand divisions and countries:#~ Africa. ______•.•.•.• thous. of doL. 5, 921 4, 785 3, 700 2,605 2,806 2,335 2,260 1,960 2,620 2,488 1• 961 3, 016 4, 746 Asia and Oceania .• _. •.•.... thous. of doL. 54,221 48,893 51, 746 I 55,877 49, 146 38,335 34,368 37,290 36,839 42,709 26,535 60,515 50,922 Japan __ ------•••..•.. thous. of doL.! 12,428 11,453 10, 186 ' 10,121 9, 279 8, 51J9 8,805 11,913 10,242 11,818 7,032 10,196 12,251 Europe. __ ------•...... thous. of doL 4n, 498 45,753 37,545 i 39,412 35,823 37,899 35,788 41,980 I 40,566 47,862 3 7,023 46,614 40,606 France __ ------.•..•.. thous. of doLl 4, 643 5, 611 3,898 : 4,320 4,189 3, 534 4, 198 4,358 4, 560 6,165 5,167 4, 644 4,054 Germany------...... thous. of doL., 6, 340 7,495 5, 738 i 5,469 5,168 5, 354 5,515 5,854 5, 719 5,675 5,056 7,024 5, 918 Italy ... _------..•.••• thous. or doLl 2, S66 3, 613 2, 912 ! 2,988 2,474 ' 2, 651 2, 771 3,t3o 1 3,402 4, 113 2, 905 2, 764 2, 674 United Kingdom __ _ 11,621 11, 065 ....••• thous. of doL.I 11, 357 9, 008 : 10,302 7.881 9, 703 7, 649 10,433 8, 215 10,377 7, 743 10,970 North America, north ern•.•. thous. of doL. 21,311 18,208 16,506 ! 19,242 18,468 I 19,360 19,260 21,078 22,497 21,974 24, 432 19, 555 I 18,342 Canada.------------thous. of doL. 20,880 17,929 16,271 ' 18,735 17,856 18,697 18,759 20,648 21,661 21,602 2.3,685 19,248 18,194 North America, southern ••.• thous. of doL. 20,968 10,768 9, 720 : 10,912 13,039 9, 285 10,651 29,016 15,314 13,280 19,441 18,864 14, 242 Mexico ____ ------••••••• thous. of doLl 4, 449 3, 922 3, 110 : 3,000 3,466 2,441 2,962 2, 509 2, 165 2, 279 3, 484 4,023 3, 869 South America ______•••••.• thous. of doL. 26. 508 24,620 2t,92t I 18,818 16,800 16,908 14,961 18, 432 20,023 21,100 I 6,839 20,059 23,429 Argentina... ------.••.••. thous. of doL. 6, 675 3, 365 3, 0761 2, 981 1, 683 2,010 1,159 2,006 2, 222 2,302 3, 706 2, 980 4,419 BraziL ______...... thous. of doL. 8, 610 9, 436 7,127 5,496 5. 635 6,583 6,671 8, 648 10,219 9, 508 6,305 8,181 9,194 Chile ______. ______thous. of doL. 2, 904 2, 631 3, 784 1 2,288 1,325 1,448 1,038 972 I, 940 1,912 I ,685 I, 90\1 2, 324 By economic classe.s:#~ Crude materials ______thous. of doL. 50,378 43,133 45,209 44,862 41,0091 42,812 42,578 39,086 34,237 38,612 35,090 40, 117 28,839 Foodstuffs, crude .•...... thous. of doLl 33,605 26, 108 21,916 18,406 17,283 17,239 17,748 23,023 22,726 23,440 I 8, 597 27,693 30, 118 Foodstuffs, manufactured •.. thous. of doL 25,662 22,482 23,676 27,913 21,977 11,860 13,100 34,319 24,068 24,326 29,190 38, 118 21,609 Manufactures, semi-• • ------thous. of doL. 35,237 29,728 26,118 I 26,889 26,849 27,464 22,973 24,249 26, 103 27,447 21 ,018 29, 550 29,029 Manufactures, finishe d ...... thous. of doL 30,526 29,847 I 28,418 I 30,846 26,361 28,474 29,230 29,552 29,872 34,082 28,587 30,129 26,322 ' TRANSPORTATION AND COMMUNICATIONS TRANSPORTATION I I Express Operations Operating revenue ...... thous. of doL. ------7,052 7,011 I 7, 392 6,961 6,826 7, 0791 7, 421 7. 521 I 7,497 8,051 7, 274 ------Operating income ______thous. of doL.------136 136 122 149 136 118 139 t4t I 146 142 140 ------Electric Street Railways Fares, average (320 cities) ______cents.. 8, 120 8.143 8.143 8.143 8.143 8.143 8. 1431 8. 143 8, 1261 8. 126 8.126 8. 120 8.120 Passengers earned t ______------thousands.• ___ .. ____ 790,773 833, 230 751, 053 697, 676 640, 278 654, 485 654, 649 754,459 752,500 ------Operatmg revenues ______thous. of doL. ------~- ~- -~ .. ------1------~~~~~~-~-~~=~~~~- Stearn Railroads I ------r------Freight carloadings (F. R. B.): Index, unadjusted.------..•• 1923-25= 100 .. 62 63 60 63 641 63 6 67 6J 60 56 58 I 61 CoaL. ___ •..• _-----.... -----.1923-25= 100 .• 77 82 57 61 58 55 5731 68 69 I 70 76 82 81 Coke. ______------1923-25= 100 .. 52 71 48 58 56 38 35 45 46 44 54 69 I 70 Forest products ______1923-25= 100 .. 34 33 33 35 34 30 31 31 31 29 26 28 36 Grain and products.. ______l923-25=100.. 57 63 57 61 78 95 84 76 65 60 57 57 Livestock ______. ____ .... 1923-25= 100. _ 34 40 48 49 46 70 95 103 83 64 51 ~!I 37 Merchandise, I. c. L ...... l923-25=100 .. 65 67 67 67 65 64 65 67 66 65 62 61 63 Ore... __ ------... _. ____ .1923-25= 100 .. 10 10 19 59 87 83 73 63 42 14 8 7 8 Miscellaneous .... ______. __ .. 1923-25= 100. _ 67 64 68 70 71 65 64 69 70 63 55 58 62 Index, adjusted .... ______1923-25= 100 .. 65 66 62 63 64 61 59 59 57 59 64 64 65 CoaL. ______.. ______.1923-25 = 100_. 82 87 68 69 66 63 58 63 60 64 71 73 75 Coke ______. ______... __ I 923=25 "': 100 .. 52 71 50 58 56 43 39 45 45 43 51 62 I 62 Forest products ______192.l 25-100 .. 33 32 31 33 33 30 29 30 30 30 32 31 ' 35 Grain and products ______l923-25=100 .. 67 75 74 75 90 79 70 63 58 56 58 56 . 59 Livestock _____ ...... _. ____ .1923-25 = 100 .. 1 39 ~6 52 52 54 84 107 87 62 55 51 42 ' 39 Merchandise, I. c. 1...... 1923-25=100.. ! 64 66 65 65 65 65 65 64 63 64 66 65 I 65 Or!'--_-_- ___ ...... ______..... 1923-25 "': 100. -I 40 41 38 39 48 46 43 39 30 20 34 31 I 34 Mtsrellaneous .. ------... 1923-25-100 .• 1 70 67 66 68 68 62 59 58 60 64 71 72 ; 73 Total cars, ______.. ______thousands .. ~ 3,015 a 3, 068 2, 335 2,442 3, 078 2,346 2,420 3,142 2,531 2, 353 2,592 2,170 2, 326 CoaL ______. ___ .. ___ .. ______thousands .. 683 a 736 401 427 502 373 383 581 484 494 615 551 574 Coke_. _____ ._._ ... ______. thousands .. 33 45 23 27 34 18 17 26 22 22 30 31 35 Forest products __ ------_ thousands._ 126 •119 97 101 123 83 89 110 90 85 92 75 100 Grain and products ______thousands .. 135 148 106 112 174 171 160 174 122 Ill 125 96 102 Livestock ______.. ___ .• ____ . thousands._ 58 67 65 65 77 89 124 171 114 90 82 58 50 Merchandise, I. c.]______------804 828 664 660 789 613 638 797 653 640 721 577 609 Ore.. __ ...... ___ .• _. ______thousands._ 18 19 29 83 166 125 116 122 69 26 16 11 13 Miscellaneous .. ___ .... ______. thousands._ I, 157 •I, 106 950 967 1,214 875 892 1,163 978 885 912 773 844 • New series. Earlier data on value of imports for consumption will be shown in a subsequent issue. a Revised. t Revised series. For earlier data see p. 19 of t.he August 1933 issue. # Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports See expla nation on p. 9 of the March 1934 issue. , Data for December 1933, March, June, and September 1934, are for 5 weeks; other months 4 weeks. ~ Data revised for 1933. See n. 20 of the Ortober 1934 issue. 36 Sl_TRVEY OF CURHEKT BFSIXESS May 1935 Monthly statistics through December 1931,1 19 35 1 1934 1935 together with explanatory footnotes and refer- --- I to the sources of the data, may be found Mar ll March April May June ~nces I I I I July August II Septem·l October Novem·l Decem- January Fetru- m the 1932 Annual Supplement to the Survey ' c I ber I ber ber I ary TRANSPORTATION AND COl\lMUNICATIONS-Continued TRANSPORTATION-Continued Steam Raih·oads-Continued Freight-car surplus, totaJ. ______thousands .. 300 357 368 355 338 348 3.59 318 381 Box ___ ------______thousands._ 328 392 342 320 CoaL ______thousands .. 183 210 211 213 200 201 209 195 207 224 228 207 192 67 93 106 93 94 !11 119 94 85 109 lll Equipment, mfrs. (See Trans. Equip.) 84 78 Financial operations (class I railways): Operating revenuest------thous. of doL. 280, 899 a29:l, 201 265, 391 282. 024 282, 7i9 275, 984 282, 679 275, 511 292, 903 256, 967 257, 506 264, 213 254, 940 Freightt------thous. of doL. 22S, 1103 a209, 270 214. 266 22S, 587 225, 709 221, 291 224,837 220,492 238,792 208, 547 199.3,56 211,008 206,024 Passengert------thous of doL. 27, 737 27,440 27, 0-t-5 26, 575 31. 555 32, 187 32, SOl 30,607 28,572 24,846 32,016 30,448 27, 264 Operating expensest------··thous. of doL. 213, 278 "241, 013 200,187 210,011 208, 313 208, 484 211,706 203,800 212,573 197,872 195,351 212,972 200, 103 Net railway operating incomet.thous. of doL. :Ji, 851 a52, 217 32,265 39,495 41.836 I 35, 221 39,677 41,020 48,625 31,583 38,738 21,349 25,720 Operatin~~: results (class I roads): Freight carried 1 mile ______mills of tons ______27,793 23.472 25,260 25,402 25,885 Receipts per ton-mile ______cents 25, 2121 2~. 257 I 26,497 23,708 23, 105 24,964 24,140 I. 015 1. 007 0 0 .966 . 994 1. Oll 0 0 985 943 980 961 0 946 942 Passengers carried 1 mile •. ______millions .. 1, 343 1, 377 1. 340 l, 612 I I, 778 1, 8.)'1 l, 695 1, 543 1, 279 1, 635 1, 491 Waterway Traffic Canals: Cape Cod ______thous. of short tons .. 236 21i 250 274 2431 206 223 214 272 264 254 204 164 New York State.••..•• thous. of short tons __ 0 0 140 5!i0 557 519 627 465 726 559 0 0 0 Panama. total, ______thous. of long tons .. \ 2, :210 2, 455 2, 291 2, 302 1, 767 I, 934 2,188 2. 143 2,173 U.S. vessels ______thous. of long tons .. 2, 339 2,089 1, 945 1, 836 9fH 1, 119 1, 038 1.008 835 770 976 1, 045 1,029 1,015 885 825 708 St. Lawrence ______t!Jous. of short tons __ 0 0 54 979 901 977 866 924 1,036 :;g Sault Ste. Marie ______thous. of short tons __ 884 0 0 0 0 13 5, 745 7, 901 7, 522 6, 990 6, 145 . 5, 006 2, 627 300 0 0 Suez. ______thous. of metric tons .. 2, 43.> 2, 534 2. 392 2, 151 2, 194 2, 40:l Welland .. ______thous. of short tons __ 2, 303 2, 707 2, 424 2, 414 2, 513 2, 090 0 254 1. 237 1, 236 1, 334 1, 273 1, lil 1, 331 1, 253 142 0 0 RiYers: Allegheny ______thous. of short tons __ 155 133 248 280 282 261 2~2 213 181 147 113 Mississippi (Government barges) 1741 125 thous. of short tons __ p 109 sz I go 1 100 101 109 120 113 100 100 76 • 88 a 78 M onon~ahela. ______thous. of short tons .• l, 784 !, 4271 1, G92 1, 683 1, 030 1, 088 963 977 1, 049 1, 429 Ohio (Pittsburgh to Wheeling) 1. •o• I 9441 1, 545 tllous. of short tons .. 886 788 ' sg7 888 918 698 584 597 632 ill Ocean traffic: ; 717 Clearances, vessels in foreign tradet i thous. of net tons __ l.IH:l 4, 717 ' ,~, 8~0 5. 7:l9 5, 996 6. 023 Foreignt ______thous. of net tons __ 6. ::~ 5. ::: I 5, 691 5, 296 4, 327 4, 288 4, 170 ! ;~, 10H 3. 123 : 3,0fJS 3.192 3, SIR 3, 859 3, G66 I 3, 402 2, 819 2, 818 2, 735 United Statest ______tlwus. of net tons .. 1. ,)3"1 1, 594 ! 1, 762 2, 247 2, 177 2,165 1,893 l, 508 1, 471 Shipbuilding. (See Trans. Equip.) ~: ~~~ ~: ~~~ I 2, 0251 1, 435 Travel Airplane trawl: i Express carried*____ -- _____ ·------pounds_- ~~:r;. 9:?·± 135,304 1 150. 3S:l 153, :m Jio, 275 163. 342 198, 9021206, 327 221,905 206,327 217, 852 177,553 171,818 .'.files flown• ______thous. of miles __ tO'l"' 2. 451 2, 699 3, 6.55 4. 118 Pass<}n;rers carried* ______number __ 2. 399 I 4, 189 I 3, CoO 4, 019 3,MO 3,:365 3, 231 3, 349 ,Sl,G\H 22, fi06 31, 4UJ 3.1, 899 43, 292 4S, li2 54, 835 44, 728 48,477 14, 728 33,563 2S, 922 Passenger miles flown* ______thous. of 34, 998 Dlites __ ~~. 134 8, 717 12,374 14.409 I 17,897 18,153 21,358 18,875 20,838 18,875 15, 595 13, 405 16, 232 Hotel hu:;ine~s: Avera¥e sal.e per occupied ro01;n- ____ dolla:s __ 1 2. 2. ss 2. 71 I 2.s6 2. 84 2. 2. 91 Rooms occupJed ______pc.rcent. of tou!__ S31 osl 2. 96 3. 03 2. 92 ~ 2. 85 2. 95 tiU 54 I 57 58 54 52 54 : 57 61 .1S 54 64 62 Foreign trnvd: 1 I Arrivals. F. 2; ~~tiz~r_ts ______nmmnrH'f--[ ::21!. 4/0 20, 7951' 22,2·19 19,179 18,213 24.065 49,3!1 I ·13,927 24,976 1s.om 12,388 14,443 15,474 Dep·1rtnn•s, t;. r:;. Cltlzens ______nu, 1_Jer __ , ltl. 1}.-, 14,899 22.3JO 18,00;3 1~.9S4 26.f>l2 48,1VJ6f 37,533 20,825 18,542 13,942 17,011\ 17,628 2 . .;:;n 2, 304 ~:;;~~~~~l~s-_ ~==: ======::: ===: =~~~~~g~~ ==I 2. 2. azt 1 ~: ~:~~ ;1, ~: g~~ ~: r t ~~~ t u~g ~: ~~g u~~ ~: ~~~ ~: i: ~~~ Pas~pnrts = .f.S:~ n m m issued ______number __ , 8 . 6, 5-!1 ! 10, 9H\ 19, 760 I 24, 279 12,2941 7, ,\~)] ! 5, 599 5, 059 5, 046 4, 959 5, 658 5, 139 National parks: I 81, 707 i 81. o:m nz, o:Jo 1 2~7. 121 570. 2951' .131, 7'H 1385, 147 I 74, 709 38, 729 37, 404 54, 720 63, 237 x:~~~';:;;;t)iles~ ~~ ~~~~ ~~~~ ~~~~ ~ ~ ~~ :: ==~~::: g~~: =I•:::: ••• · 12, 4531 15, 2o'l :!I, t>261 iS, 92S 145, 8&7 li\3, 074 5~. 624 16,830 7, 375 7, 656 9, 767 9, 599 Pullman Co.: 1 Paosengers carried. ______thousands __ 1. ~l'J 1, 2:;7 1. 212 1. 122 1, 303 I 1. 280 I 1. 403 I 1, 3.51 I 1, 26.5 1, 131 1, 371 1, 398 1, 204 Revenues. totaL------.. __ thous. of doL ..1 3. 7·10 I 3. '!SB 3, :334 3, \l78 3. 710 3, D2S i 3, 892 3, 790 3, 310 3, 794 4, 231 3, 702 COMIUUNICATIONS I I Telephone (class A companies):# I O;wr1.ting revpnues ______thous. of doL_ ~2. o15 I Rl, 7S5 Station revennes ______thous. of doL_ r.s.o15 1 5-!, 862 Toll:-;. mf'ssage ______thous_ of doL_ 19,833 Operating expenses ______thon~. of doL_ ~j: ~g~ ! 56, 4 f4 Operating income ______thous. of doL_ 16. t)21 I 17, 4lfl :_::1 :. : : : ) - - 8tatlon5 in service, end of nw ____ thousands __ : .. :·: 14,581 14,635 ~ ~ ::~ :~:~! ~~~: ~- ~: ~::-2 Telegraphs and cables: Operating revenues ______thous. of doL 9, 557 I 8, 910 1:: ::: ~---~::~~-·---~~~~~-~~---~~ ~~:-111--- ~~~~~- ---~~;~~- ---~~::~- --- ~.-:;;· ---~:;~:- ::::::::: Commercial telegraph tolls .. thous. of doL_ 7.3961 7, 397 7. 372 6, 718 7, 226 6, 657 6, 984 6, 477 7, 362 6, 768 Opera! ing cxpenses ______t.hous. of dol __l 7, 925 g~~ 1 8, 168 8, !54 7, 961 8, 024 ' 7, 664 7, 906 7, 639 8, 095 i, 808 Operating income ______thous. of doL.\ 1, 222 ' 734 i 943 I 910 381 I 895 : 620 822 405 1, 091 557 I --'----~----~----~---~----~--- CHE:\IICALS AXD ALLIED PRODUCTS ------~----- ·~----~---.----.----.---- CHEMICALS Alcohol: ! I Denatured: I Consumption (disposed oO I I thous. of wine gaL. ______6,103 5 ')•!g 5. 680 5. 589 6. 448 I 6, 760 10,043 19, 582 10,542 8, 874 5,897 4,482 Production ______thous. of wine gaL. ______5, 870 s: 259 6, 192 5, 540 6, 731 6, 943 9, 841 19, 194 10,316 8, 780 6, 047 4, 611 Stocks. end ofmonth ... thous. of wine gaL. 1. 059 1. 076 1, 580 1, 527 1, 801 1, 978 1, 763 1, 380 1,149 l, 063 1, 236 1, 363 E~i~~uclion ______thous. of proof gaL 1~. 836 12, 313 12, 731 13,478 12,998 13, 702 13,823 15,636 21, 332 19,550 17,065 12,290 9, 767 Stocks, warehoused, end of month thous. of proof gaL 15, 193 21, 590 24. 375 25, ~9:l 27,971 28,907 29, 788 27,094 14, 449 15, 566 15, 216 15, 630 lG, 957 Withdrawn for denaturing thous. of proof ~~:aL ______9, 668 8, 6n6 10, 14R 9, 218 11. 3.191 11. 684 16, 456 32,682 17,272 14,855 9, 757 7, 382 Tax paid* ______thous. of proof gaL_ I, 539 1,.\58 1.025 1, 172 1,176 1, 052 1, 121 1,075 1, 26G 1, 573 2, 006 1, 453 1, 019 a Revised. ~'Preliminary. *New series Data on airplane travel covers scheduled airlines opcratm~ in United States. For data on passen~ers carried for period of 1926 to 1933 and passenger-miles flown from 1930 to 1933, seep. 20 of the February 1934 issue. For data on miles fiown and express o~rned from 1926 through 1933, seep. 19 of the January 1935 issue. For alcohol withdrawn tax paid, seep. 20 of the .-\.pril 19:35 issue. t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For revisions of data for clearances of vessels in foreign trade, seep. 36 of the September 1934 issue. # Preparation of report turned over to Federal Communications Commission which has not yet compiled its initial report. , Data revised from Aug. 1914 esxcluding \·essels untler 3CO tons. ReYisic,ns not shown aboYe will appear in a subsequent issue. May 1935 SCRVEY OF CURRENT BUSINESS 37 CHEMICALS AND AI_JLIED PRODUCTS-Continued CHEJ\IICALS-Continued I I i I I I 1 I Alcohol-Continued: ' 1 I 1 I Methanol: ' ' : I Exports,refined ______gallons __ : 73,365 135,2791 57,2591 38,556152,6121I 28,348 I 77,7321' 44,9371 41,941 48,945 I 38,2111 23,222 44,525 Pnce, refined, wholesale,N. Y_dol.pergaL .38 .31:> 1 .38 1 .38 .38 i .38 .38 .381 .38 .38 .38 .38 .38 1 Production: 1 j 1 ' 1 I Crude (wood distilled)•t .. ___ gallons __ , 351,4681366,0521342,307 324,063 298,165[256,136 253,6121260,4021297,759 309,739 319,1901315,983 300,008 SynthetiC ______gallons __ 'l, 303,230 916,872 ' 754, 980 1897,294 922, 551 93~. 439 1951, 834 , 1,079,910 1,309,086 1,789,970 1,301,841 1,303,171 I, 126, 799 Explosives: I 1 I I Orders,new• ______thous.oflh _I 18,544 27,725 26,958 24,231 24,812l1 23,384 26,063 25,489 26,8\12 25,108 22,635 2\1,147 26,019 1 Sulphur and sulphuric acid: : 1 1 Sulphur, production (quarterly) •Jong tons __ ·------291, 31l6 ,__ ------~'------289, 089 1------~------_1 314, 199 ------__ ------293,025 ______, __ ------1 Sulphuric acid (104 plants): i I I 1 1 Consumedinprod.offertilizer_shorttons __ , ______133,983[107,842 83,969 80,214 83,079 77,404 85,915 137,357 143,282 1!52,268 162,658 133,319 1 Price, wholesale 66°, at works i I 1 I dol. per short ton __ [ 15.50 15. !ill 15.50 1 15.50 15.50 , 15.50 15.50 15.50 15.50 15.50 15.50 15.50 15.50 Production ______sbort tons __ ------132. 549 11. 119,619 107, M8 92,894 88,049 97,478 116,120 149,968 159,781 172,052 169,301 154,359 Purchases: ! i Fromfertilizermfrs______shorttons_-1------lfi.94ii i 12,158 1 5,735 3.441 7,411 13,048 21,136 38,164139,330 36,734 34,545 26,269 JTrom otbers______short tons __ .• ------27, 765 ~. 22, 721 118,793 26, 577 25, 951 17,060 12,560 27, 249 22, 796 28,813 27,824 21, 647 Shipments: : To fertilizer mfrs______sbort tons __ ,______23,733 1: 21,926 14,312 10,242 14,596 28, Ill 31,056 39,797 41,520 I 47,367 · 39,693 30,615 To others;;,;~T~'il~~~----short tons_f______34, 167 30,240 i 25,894 25,783 21,991 I1 29,587 23,5941 34,9:18 28,615 28, 5:l7 ~ 35, 186 38, 716 1 11 1 1 1 Consumption, Southern States , I ' 1 1 1 1 "71 tbous. of short tons __ , I, 413 I, 234 ! 764 , !57 / 51 1 101 126 88 " 3!6 684 1 26 48 Exports, totalt ______long tons __ ; 84,286 liS, 692 I 98,294 113,752 105,285 1 83,382 126,110 109,982 135,588 '1118, 437 127,081 68,928 92,846 Nitrogenoust ______long tons __ ' G, 707 37,438 i 18,043 ' 2, 646 5, 064 i 4, 577116,553 29,591 27,121 21,093 . 13, IH51 6, 241 10,746 Phosphate materialst ______long tons __ ! 66,562 75. 9.~0 ! 74, 287 , 106, 354 96, 262 , 75, 600 108, 475 76,987 104, 143 93, 509 I 107, 31 :~ 56, IJ46 7l:o\, 276 Prepared fertilizers ______long tons __ ] l\16 289 1 201l 426 164 i 273 405 174 350 2651 :Jl2 153 258 Imports, totaJt# ______long tons __ l 159,071 206,781 i 178,430 103,723 66,707 69, 285[ 48,442 69,176 81,560 82,121 91,807 155,348 141,787 N1trogenoust ______long tons_ -1 107, 341 147, 722 I 133. 706 71, 057 44, 164 ; 43, 576 18, 535 24,666 31, .579 38. 728 42, os.; 1 63, 245 89, 477 Nitrateorsodaf ______longtous __ ! 55,957 74,584 80,466 · 39,321 10,5fl4 1 10.976l 150 931 1,212,1 7.1951 17,085[ 27,811 44,494 Phosphatest ______long tons __ ! 3, 177 2, 267 1 4, 158 5, 847 1, 910 1 1, 495 1, 541 3, 141 I, 786 1 2, 001 I 2, 411 I il, 126 3, 169 Potasbt------longtons __ , 42,609 55,344 35,845. 17,310 13,355[ 1~,2651 25,845 38,963 44,422l 35,276 , 44,015, 84,235 4ti,213 1 1 Price, nitrate of soda, 95 percent, N. Y. j I 1 dol. per cwL 1. 275 1.3.50 ! 1.350 : 1. 350 1. 350 i 1. 350 1. 350 1. 275 1. 27.1 ! 1. 275 I I. 275 1. 275 1. 275 1 Suj~~g~g[i~~~~:~·-~~~~~------short tons __ j ______285,762 232,936 , 168,509 153,236 1 147,084 1 152,566 188,007 27fl, H4 I 307,653,332, 140 1342,210 282,810 Shipments to consumers ______short to us __ !------161, 372 1 209,026 ' 85, 508 21,403 ! 9, 711 I 21, 831 108, 752 63, 486 I 24, 965 23, 35k 34, 553 ()3, 856 1 Stocks, end of month ______short tons __ :------976, 775 806,914 820,096 839,680 ! 871, 093 1 875,320 880,238 957, 279 1,078,044 ,1,159,392 1,18\1,505 160,817 11 Pine oil: NAVAL STORES i I I I 1 Production ______gallons--! 337,646 293,589 305,273 293,807 266,020 · 261,410 282,242 312,375 300,544 303,68fi I 317,9121330,830 360,252 Rosin, gum: ~ I Price, wholesale "B", N. y ___ dol. perbbL_I 4.99 5.44 5.56 5.49 5.46 5.31 5.31 5.30 5.42 5.25 5.20 I 5.20 5.16 Receipts, net, 3 ports------bhl. (500 lb.l--1------59,443 69, 496 97,905 102, 417 116,019 1, 109, 234 89, 289 92,482 100, 257 122, 173 27, 411 19, 525 Stocks, 3ports, end ofmonth_bbl. (500ib.) __ ,______142,574 156,447 1 161,001 171,805 200,649 1 218,256 2H,91Xi 260,040 272,027,321,660 272,474 217,489 1 1 Rosin, wood: 1 1 Production ______bbl. (500 lb.) __l 43,294 43,753 45,454 i 43,243 38,554 37,0371 38,537 43,095 39,785 41,884 41, Olfi ! 44,489 43,252 Stocks,endofmontb______bbl. (5001b.) __ ll08,956 89,963 90,329' 98,080 98,558 105,286 105,887 108,933 109,812 108,244 105,339 i 110,806 111,659 Turpentine, gum: I • Price, wholesale, N. y ______dol. per gaLt .55 .59 .59. .56 .51 ,48 .46 ,46 .52 ..531 .52 .54 .55 Receipts,net,3ports ______bbl.(50gal.)_-j------8,721 17,315; 24,658 27,614, 31,148• 32,473 26,856 25,Hil 22,999 22,834 4,300 2,235 Stocks,3ports,endofmontb_bbl. (50 gal.) __ ,______46.010 46,465 i 42,570 47,6921 55,17JII 65,5101 71,778 86,020 94,189 106,971 \14,781! 86,987 Turpentine, wood: I 1 1 Production ______bbl. (50 gal.)__ 6, 310 7, 279 7, 729 : 7, 050 6, 393 5, 547 1 5, 904 6, 79~ 6, 288 6, 548 6, 290 7, 075 j 6, 138 Stocks, end of montb ______hbl. (50 gal.)_', 10,526 19,253 20,289 20,689 19,515 19,016 , 19 078 19,817 18,504 18,752 16,819 16, 1161 13,418 OILS, FATS, AND BYPRODUCTS i I . I 1 Animal fats and byproducts (quarterly): j i i I 1 1 A~:~~~~~i~n, factory ______thous. of lb __ 'l______177,809 ~------j------1190, 774 !------1------228,945 -_-_-_-_-_-_-_-_-_ -_-_-_-_-_-_-_-_-_ 2,1, 1 •• ;sri . -_ -_ -_ -_-_-_-__- -_!,-_-_-_-__--_-_-_-_ Production ______tbous. of Ill __ ------692,340 1------T------I 545,950 ______------465,719 418 u 03 1 G~l~~~~~·e~ygl~:f quarter ------thous. of lb __ , ------417, 599 ~------T------~444, 620 ,------~.------382,938 ------I 418, 631 ~-- ______ Production ______tbous. of Ill__ 5, 047 4, 886 ---- 3, 585 ! ------1------I, 570 ------5, 279 ______! ______1 ----1------1 • o~l~~~;;:;t~o:~ ~:;:re;~~~~~~~~:::::: :~ ::::11---~~~~~- 6:: ::~ ,:~~~~~::::::~~:~::: 6:: ~~: l:~::~:~::c~:~~:: 6~: ::~ 1::~::::-r::::::: 4::::: i:::::::::: :::-::::: Production ______thous. of lb __ ------88, !54 ------~------90,175 1------i------81,954 ------89,257 ------'------L:r~~~%~~~~d~~~~t:~iist-itute;~tus. oflb __ ------84,600 ~------75,652 j------·~------69,600 ~------73,856 1------~------Production ______tbous. of lh--1------240, 739 ~------~------218, 114 1------352,965 I______------_ 338, 859 I ! Stocks,endofquarter______tbous.oflb ______26,599,------1------25,1331------~------24 9641 - -- 27 584:------,------ 1 Fi~~E~~fo~~~~:~~~~~~:======~g~g~: ~~ lt=ll:==:===:: ~g: l~~ lj======!======: 4g: :g~ II======:= I======1386~9~. 4~997121,;_;_;_;_;_;_;_;_;_ ;_;_;_;_;_;_;_;_;_I ~7~1~. 381 571~ 1,1;_;_;_;_:__ ;_;_:_;_:'1,;_;_;_;_:_- ;_;_;_;_ Stocks, end of quarter ------thous. of lb __ ------158,396 ~------!,------161, 411 ['------~,------Vegetable oils and products: 1 '! .• Vegetable oils, total: 1 1 Consumption, factory (quarte~lrju~. or Jb __ i------8292., 2123981----1.-7-7-3--111 _____ 9__23-- 6521,,15,'944411 ____1_, 0_3_4__ jl' _____ 8_8_3__ 479,873 I______------802, 381 f ------__ I__ ------Exports ______tbous. of lb __ 396 I, 161 234 427 372 1 331 1 522 Importst#------thous. of lh__ so, 395 51, 535 , 70, 163 , 56,668 59, 694 68, 665 1 41, 302 55,. 213 __ 53__ ._9_3_5____ 6_o_._o_2_8__ 34•• 2co :__ -_11_._1_9_1__ I___ 7_8_,_7_4_5_ Production (quarterly)t ______thous. of lb __ ------640,075 1------361,986 ______;______416 559 730 260 Stocks, end of quarter: t I i i • i Crude ______thous. oflh ______716,692 ------:------530,9~9 1------'------548,547 ------554,108 '------______1 ______C~~:~~~dc(iconut-oils:------thous. of lb __ 870,068 1~------r------79~,111 ~------~------502,427 ------______598,460 I______------1 1 Consumption,factory (quar.)_short tons__ [______74,697 6o, 439 ,______·------45,; ____ :_ __ 47, 392 1 ______1______Imports# ______short tons __ ; 26,579 21,6981[------~------12,037 I 24,519 20,599 1 3, 735 1 10,079 0~0~~0 ------~-·--~- -_._-,_- ._- --~--- --~ 27,674 • 17,393 1 10,415 18 1 0 6 Stocks, end of quarter ______short tons __ ]______49,190 ------!------35,386 I------'------6 1 15,210 . ______:______• Revised. • New series_ For earlier data seep. 20 of the April!933 issue (crude methanol) and p. 19 of January 1934 issue (explosives). 1 Figures revised due to dropping of Missouri from Southern States classification. Seep. 19 of the January 1934 issue for earlier data. # See footnote on p. 35 of this issue. Monthly revisions for !933 are shown on p. 20 of the October 1934 issue. t Revised series, s~ p, 36 of the.June 1933 issue, for 1932 revisions, ex11orts and imports of fertilizer and imJ)orts of vegetable oils; for 1933 revisions on exports seep. 20 of the September 1934 1ssue; for rev1sed data for crude methanol production for 1933, see p. 36 of the May 1934 JSsue; quarterly data oils fats and byproducts for the years 1932 and 1933 also revised. Seep. 19 of the March 1935 issue. ' • Texas only. Louisiana produced 23 percent of United States production In 1933. 4 The refined equivalent of crude production is approximately 82 percent. 38 SURVEY OF CURRENT BUSINESS May 1935 ~------~~-·-~------~------ ------~------~---~------Monthly statistics through December 1931,119351 1934 I 1935 to1ether with explanatory footnotes and refer· ------,------,----,-----,---.-----.----,----.----~ . ~noes to the sources of the data, may be found March March I April i May I June 1' July I August ISeptem-1 October INovem-1 Decem· January I Fearbyru· ; 1n lhe 1932 Annual Supplement to the Survey , ber ber ber 1 ------~--~--~--~--~--~-- CHEMICALS AND ALLIED PRODUCTS-Continued OILS, FATS, AND BYPRODUCT8-Con. I Vegetable... oils and products-Continued. i I Copra and coconut oils-Continued. I Coconut or copra oil: Consumption, factory: Crude (quarterly)f•.••••. thous. of lb .• ------178,399 --·------177.236 ------·------113,731 ------124,715 ------Relined, total (quarterly)tthous. oflb•• 78,290 72,048 67,374 ------94,292 ------In oleomargarine ••••••.thous. of lb•• 14,560 13,599 ""iti~559" ------9,396 4,542 ------6,315 ------7, 765 10,279 11,360 ------12,787 13, 771 14,428 17,282 Imports#------·---thous. of lb •• 25,045 22,079 30,533 24,614 29,047 35,742 17,210 17,990 14,810 20,935 17,492 31,609 27,736 Production (quarterly): Crude••• ----·-·--··------thous. of lb .• 95,032 ------84,291 ------·------56,716 ------61,238 ------Relined •• ------thous. of lb •• ------76,143 97,301 ...... 63,617 80,658 ------Stocks, end of quarter:t --·------Crude••• ·-·------thous. of lb •• ------192,808 ------...... ------174,924 ------152,747 ------Relined------···------thous. of lb•• ------14,792 ····-····------~ ""M39,886 ...... 37,381 ------34,277 ------Cottonseed and products:t ------Cottonseed:t Consumption (crush) ••••••••short tons.• 252,863 344,610 176,268 109, 367 92, 258 99,699 195,761 442,281 598,613 531,067 415,455 400,855 343,591 Receipts at mills______short tons .• 39,613 107,420 46,346 55, 546 ' 52, 407 42,923 271,145 947,372 1,030,607 527,904 300,626 138,700 63, 347 Stocks at mills, end of month. short tons •. 361,489 504,131 374,209 320,388 280,537 222,761 300,023 803,236 1,235,230 1,232,067 1,117,238 855,083 574,739 Cottonseed cake and meal:t Exportst------short tons.• 236 380 203 78 366 91 1,195 124 196 306 82 94 127 Production ... -. __ ._._ •• _-_ .•short tons •• 116,882 161,050 84,241 51,407 41,011 45,738 90,633 197,694 265,597 245,389 189,717 180,603 157,998 Stocks at mills, end of month.short tons •• 3ll, 279 265,348 252,625 219,637 175,441 124,572 911,147 170,251 257,409 299,200 320,322 340,057 346, 876 Cottonseed oil, crude:t Production ______thous. of lb•. 83,529 112,032 59,563 38,462 29,879 I 31,544 59,322 133,970 183,600 165,808 128,872 123,708 109,046 Stocks, end of month.•••••. thous. of lb •. 93,770 145,129 109,328 76,318 45,794 34,400 38,670 74,034 97,752 100,685 95,267 100,563 102,514 Cottonseed oil, relined: Consumption, factory (quarterly)t thous. oflb•• 248,412 257,527 381,728 352,209 ------2~ti73" ------i ------In oleomargarine ______thous. of lb .• 9,854 2,158 3, 369 1 3, 718 4,150 6,280 7,428 ···7;322T""7~32a· 7, 533 9,015 12,171 Price, summer yellow, prime, N.Y. I dol. per lb •• . 108 . 051 .052 .oso 1 .053 .059 .068 .075 .081 . 092 .101 .109 . li4 Productiont. ______thous. oflb .. 95,707 127,447 94,486 65, 822 ' 54, 643 43,529 48,522 81,050 155,437 149,593 129,487 llO, 283 102,890 Stocks, end of montht •.•••. thous. of lb .• 553,531 841,139 843,168 804, 946 ! 738, 542 655,552 543,144 450,012 461,440 487,369 516,717 513,341 524,340 Flaxseed and products: I Flaxseed: I Imports, United States#.•• thous. of bu •• , 1, 970 1, 690 1,144 1 1,637 i 806 821 695 959 1,297 743 1,823 770 1, 997 Minneapolis and Duluth: I Receipts ______thous. of bu .. 105 155 910 294 252 139 1391 322 I 298 162 681 1,230 135 Shipments._ .• ----·-·---thous. of bu .• l 44 58 208 169 ' 113 98 152 126 234 127 83 114 5·1 Stocks, end of month ••••thous. of bu.. 878 981 793 696 I 646 628 672 1,008 1, 218 1, 210 1,108 1, 011 978 Oil mills:t I Consumption, quarterly.thous. of bu •• ______5,156 ------'------' 5, 016 ------4,293 4, 569 ------Stocks,endofquarter .•.• thous. of bu .• ______2,051 1, 368 :::::::::r==::::::: 1, 851 ------Price, no. 1, Minneapolis •.. dol. per bu.. l. 81 1.82 ----i~s2-1-·--i~9i·: \~~~ 1.90 2.05 1.98 l. 99 l. 97 l. 94 Production, crop estimate.thou!. ofbu •. ______1 • 5, 253 ------Stocks, Argentina, end of month I . ------I-----·--- i- -· --.------~:~~.~.. .. ~:~~- thous. of bu.. 7, 087 7, 283 6, 693 I s, 11s i 4, 724 3,150 3,543 2, 756 2, 362 I 1, 575 2,362 3, 937 5,118 Linseed cake and meal: Exports. ------thous. of lb .• 30,704 38,080 38,136 31,739 1 34,328 33,441 32,126 20,935 30,869 31,338 21,558 32,805 23, 524 Shipments from Minneapolis \ thous. of lb .• 7, 952 9,847 5, 513 6,648 I 5,871 5, 292 7,628 5, 533 6, 483 7, 325 8,182 7, 714 9, 653 Linseed oil: Consumption, factory (quarterly)f thous. of lb .• 63,712 i 78, 189 54,338 ------~ti93" ----~097"! ------Price, wholesale, N. Y •••••.. dol. per lb .. . 095 .093 .099 .098 .099 "·.094 ,~ ------r-----.091 .088 .087 .089 . 092 Production (quarterly)t ••.• thous. of lb .• 97,452 98,626 8 90,253 ~------Shipments from Minn _____ thous. of lb .• 6,324 2,859 ---3~644" ·--3~969"1 3, 603 3, 735 ------2, 774 ~: ~~ ~---4~i45" -·-3;525" 2, 233 3, 298 4, 209 Stocks at factory, end of quarter thous. of lb •• 160,791 ··------1128,413 113,722 ------Lard compound: ------Price, tierces, Chicago• ______dol. per lb .. . 130 .074 .073 .073 i .074 .078 .086 ·~= ·:;;;r·:;;;- .124 .129 . 133 0 leomar!Zarine: Consumption (tax-paid withdrawals) thous. ofl b .. 31,511 22,083 16, 146 20,0631 13,870 15,847 25,736 27,545 26,421 28,980 32, 178 33,724 45,351 Price, standard, uncolored, Chicago dol. per lb .. .141 .080 .073 .070 I . 078 .080 .080 .090 .098 .100 .104 .119 .125 Production.------thous. of lb.. 34,200 •23617' 18,023 a 18, 280 a 13,983 16,363 22,026 26,842 26,517 28,809 30,470 33,632 41,895 ' ! PAINTS ' Paints, varnish, and lacquer products:§ Total sales.•• ------thous. of doL. 27,333 23,135 27,704 33,615 28,750 23,451 24,314 22, 199 24,206 20,300 16, 515 21,529 21,889 Classified .• ------thous. of doL. 18,418 15,610 18,436 22,172 18,944 15,910 16,081 14,177 15,382 13,224 10,805 14,687 15, 252 IndustriaL ••.•••••.•.•.•.. thous. of doL. 8,061 7,105 7,590 8,092 7,630 7, 449 6,579 5,268 5,814 5,208 5, 226 7,140 7, 299 Trade------thous. of doL. 10,357 8, 505 10,846 14,080 11,314 8,461 9,502 8, 909 9,568 8,016 5, 579 7, 547 7, 953 Unclassified (273 estab.) .••••thous. of doL. 8,915 7,525 9,268 11,443 9,806 7,541 8, 233 8,022 8,824 7,076 5, 710 6,842 6,636 Plastic, cold-water paints, and calcimines: Sales: Calcimines_____ ._ •• ------._-•• ___ .dollars .. 299,610 140,743 271,929 322,583 277,547 211,782 235,325 259,136 274,366 225,078 227,827 284,758 221,663 Plastic paints .•••.•.•••••••••.•.•. dollars __ 33,675 45, 136 44,706 39,825 25,782 21,330 25,292 27,314 30,807 27,864 18,188 22,665 24,312 Cold-water paints.••• _____ •• _. ___ .dollars .. 88, ll4 69,406 70,783 93,204 77,454 63,442 71,299 71,828 78,496 70,304 52,869 64,215 69,000 CELLULOSE PLASTIC PRODUCTS Nitro-cellulose:• Sheets, rods, and tubes: Productlon.------thous. of lb •• 1, 357 1, 435 1,384 973 778 715 965 841 1,131 948 1,089 I, 465 1, 476 Shipments. ------·-·------thous. of lb .• 1, 21J 1,252 1,085 1,069 946 748 956 872 1,094 1,0::8 954 1, 263 1, 122 Cellulose-acetate:• Sheets, rods, and tubes: Production ______thous. of lb .. 962 405 510 512 3021 317 375 393 449 304 466 1, 004 922 Shipments._ ------thous. of lb •. 1, 237 351 558 512 265 220 383 415 409 276 448 1, 026 849 • Dec. 1 estimate. • For earlier data on lard compound price seep. 18 of the January 1934 issue. Data not available for cellulose products prior to January 1933. t Revised series. For year ended July 1932 seep. 20 of the February 1933 issue, and year ended July 1934 seep. 38 of theNovember 1934 issue, revisions for each month of 1933 were shown when monthly data for 1934 became available. cottonseed, and for the year of 1932 see p. 37 of the June 1933 issue, exports of cottonseed cake and meal. Data revised for 1933; seep. 19 of the September 1934 issue; quarterly data on oils, fats, and hyproducts shown on this page for the years 1932 and 1933 also revised. Seep. 19 of the March 1935 issue. § Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting. # See footnote on p. 35 of the October 19341ssue. Data revised for 1933; seep. 20 of the October 1934 issue. May 1935 SURVEY OF CURRENT BUSINESS 39 Monthly statistics through December 1931,1193S______1934 1935 together with explanatory footnotes and refer- ---l-----,~---,~---,~---,-~---,-~---;----,~---~,----,---~-~ ences 1o the sources ofthe data, may be found March March April May June July August ISepbteerm- October Nobveerru- Debceerm· January Feabryru- ln the 1932 Annual Supplement 1o the Survey · 1 CHEMICALS AND ALLIED PRODUCTS-Continued ROOFING I Dry roofing felt: Production. __ ------short tons .. 15,223 13,817 19,816 19,945 17,021 12,232 19,467 15,667 14,710 12,972 11,310 12,899 11,726 Stocks, end of month •.••••••.•••short tons •• 7, 909 6,350 5,072 4,677 6, 324 5,397 5,687 6,411 6,648 6,672 8,555 6, 629 7, 484 Prepared roofing shipments: t , Total .• ------thous. squares.. 2, 032 2,221 2,955 2,413 1,326 1,677 3, 762 2,019 2, 387 1, 941 1,373 a 1, 277 1, 118 Grit rolL. ______thous. squares .• 464 430 550 606 336 395 790 557 597 462 345 a 368 278 Shingles (aU types) •..•.•••thous. squares •• 555 424 743 678 406 436 850 477 655 483 315 a 247 257 Smooth roiL .•••.•••...•..thous. squares .• 1,012 1,367 1, 662 1,129 583 846 2, 123 985 1,136 996 713 a 663 583 ELECTRIC POWER AND GAS ELECTRIC ! POWER I I F uel consumed In production of electrical i energy. (See Fuels.) I p roduction, totalt•••••••••••• mllls. of kw.-hr •• 7,973 7, 717 7,443 7,683 7,472 7,6051 7, 710 7,206 7,831 7,606 8,058 a 8, 349 a 7, 489 By source: Fuelst.------mllls. of kw.-hr •• 4,420 4, 642 3,955 4, 465 4, 779 5, 234 4,813 5,136 4,6621 4,875 a 5., 079 • 4, 506 Water powert.•••••••••••. mllls. of kw.-hr•• 3, 553 3,075 3, 488 3,218 2, 693 2, 475 2, 393 2, 695 3, 183 a 3, 270 • 2, 982 By type of producer: ~gggl 2, 9441 Central stationst.•••..••• mllls. of kw.-hr •• 7, 514 7, 263 6, 981 7,195 7,040 7,176 7,318 6,845 7,424 7,203 I 7, f.O! a 7, 881 • 7, 058 Street railways, manufacturing plants, etc. I mills. of kw.-hr •• 459 454 462 488 432 429 : 392 361 407 403 457 468 431 8 ales of electrical energy: Sales to ultimate consumers, total (Edison Elec. lnst.) ______mllls. of kw.-hr •• I ------5, 796 5,842 5, 917 5,882 I 5,982 5, 774 5,988 5,989 6,126 6, 469 6,191 Domestic servlce •••••.••• mills. of kw.-hr.• ------1,056 1,026 967 973 5.~~ 957 1,024 1,081 1,168 1,224 I, 317 1.211 Commercial-retaiL ..••• mills. of kw .-hr __ ------1,046 1,059 1,035 1,049 1,060 i 1,080 1, Ill 1, 112 1,157 1,192 I, 245 I, 164 Commercial-wholesale .• mills. of kw.-hr __ ------2,971 3,119 3,293 3, 273 3,212] 3,337 3, 034 3,142 2,989 2,969 3,135 3,10:3 Municipal and street lighting mills. of kw.-hr •• 191 176 168 144 150 i 167 180 203 206 222 213 Railroads: ------1941 i Electrified steam .•••••• mllls. of kw.-hr.• ------66 59 57 55 54 ' 54 55 59 56 64 67 62 Street and interurban.•• mills. of kw.-hr •• 413 356 349 338 324 ! 334 323 353 361 418 4:ll 391 Revenues from ultimate consumers (Edison ------Elec. Inst.)------thous. of doL. ------149,780 149,852 147,915 147,337 146,529 ' 148,464 150, 196 155,812 160,451 163,807 170,101 162,470 GAS I Manufactured gas: •t Customers,Domestic ______totaL_------thousands ...• ------• 9, 786 I a 9, 831 "9, 915 a 9, 933 • 9, 937 a 9, 968 •10, 022 • 10, 027 • 9, 994 • 9, 972 9, 915 9,928 • 9, 248 a 9, 290 • 9, 374 • 9, 396 a 9,346 9, 362 House heating______thousands •• ------9, 403 • 9, 431 a 9, 480 • 9, 474 • 9, 432 • 9, 404 ------88 93 95 • 92 87 89 • 96 106 115 1!8 121 123 Industrial and commerclaL ••. thousands.• ------a439 a 437 • 435 • 435 • 436 a 438 a 437 • 438 "4381 a 441 439 433 Sales to consumers ••••.•.•millions of cu. ft .• ------a33,617 • 31, 685 a 30, 181 I a 28, 558 • 25,325 a 24, 661 • 27, 586 • 29,231 • 30, 101 I a 32, 119 34,809 33,943 Domestic •••.•.•.•.•.••. millions of cu. ft •• ------a 21, 242 a 20,067 a 20, 267 a 20, 260 • 17,924 a 17,397 • 20, 163 a 20,732 • 19, 128 • 19, 137 20,198 19,652 House beating ______miJJions of cu. ft •• • 4, 372 a3, 620 •2,177 a793 • 420 • 368 • 490 •1, 295 • 3, 630 • 5, 321 6, 391 6,019 Industrial and commercial ------millions of cu. ft •• ------"'· 807 a 7, 822 • 7, 583 • 7, 364 a 6, 809 • 6, 765 • 6, 770 • 7, 022 • 7, 154 • 7, 445 8,000 8,071 Revenue from sales to consumers I thous. or doL. • 34, 202 a a Domestic ______thous. of doL. ------32, 632 • 32, 204 31,244 • 28, 195 • 27, 5541• 30, 694 • 31,935 a 31,921 a 32,902 34,424 33,482 ------a 25, 170 a 24, 492 • 25,099 a 25, 077 • 22, 649 • 22, 102 a 24,972 • 25,405 • 24,210 • 24,060 24, 485 23, 576 House heating ..•.•..••.•.••• thous. of doL. ------a 2, 832 a 2, 135 • I, 290 a 544 a 303 a 272 a 402 • 912 • 1, 942 • 2, 939 3, 797 3, 778 Industrial and commerciaL.thous. or doL. ------a 6, 059 a 5, 860 a 5, 693 a 5, 521 a 5,141 a 5, 071 5, 210 a 5, 488 a 5, 638 a 5, 763 5, 995 5, 989 Nat ural gas:•t i • Customers, totaL------thousands .• ------a 5, 504 a 5, 493 a 5, 504 a .5, 490 a 5, 465 a 5, 484 I a 5, 530 • 5, 588 a 5, 647 a 5, 673 5, 620 5, 63~ Domestic. __ .-... --..... _---••• thousands •• a 5, 162 ------a 5, 157 a 5, 177 a 5, 176 "5, 1.56 • 5, 176 I a 5, 218 I •5, 263 • 5, 302 a 5, 316 5, 267 5, 284 Industrial and commerciaL .... thousands.. a34l a 313 a 307 a307 a 310 • 322 a343 a 3.55 351 :l5! Sales to consumers ______miJJions of cu. ft.. ------•3341 a 325 ------a91,017 • 81, 095 "70, 393 a 64,736 a 60,069 • 60,912 I. 64,021 69,450 • 80,812 a 93, 384 101,570 100, 60fi Domestic..••.•.•.••••••• mlllions of cu. ft.. I· ---- a 37, 168 a 29, 089 a 20, 566 a 14,864 a 11, 215 a 10, 223 a 12, 2161• 15, 657 • 23, 135 a 33,916 40,640 39. 94.) Industrial and commercial millions of cu. ft •• a 52, 715 i a 51, 059 ~ 48,809 a 49,017 • 47, 880 • 49, 692 • 50, 819 • 52, 983 • 56, 780 a 58, 444 59,833 59, 514 Revenues, from sales to consumers ------Domestic. ______thous. of doL ------a 33, 986 I • 29, 092 • 24,032 • 20,865 •18, 440 •18, 050 • 19, 415 Ia 21, 655 • 26, 580 [· 33, 239 37,679 36,870 a 22, 736 1 a 18, 729 a 14, 568 a 11, 701 •9, 784 • 9, 242 • 10, 3561• 12, 103 •15, 938 a 21, 4!4 25,302 24,339 Industrial and commerciaL .•thous. of doL. ------•11, 063 [ a 10, 203 • 9, 309 a9, 036 a8, 506 • 8, 668 I • 8, 918 a9, 430 a 10, 509 • 11, 666 12,198 12.348 FOODSTUFFS AND TOBACCO BEVEBAGES I I Fermented malt liquors:• ' Consumption (tax-paid wi thdrawals) thous. of bbL. 3, 270 2,625 2,855 3, 7961 4,550 4, 939 4,567 3,512 3, 277 2,9681 2, 722 2, 329 2, 545 Production •• _.• ------.•.• thous. of bbL. 4,036 3,263 3, 703 4,455 4,826 5,075 4,708 3, 271 3,290 2, 721 2, 592 2,874 2,82.5 Stocks, end of month •••.• •••• thous. of bbL. 6, 472 5, 675 6, 325 6, 718 6,868 6, 797 ! 6,692 6, 270 6,064 5,438 5,811 5, 925 Distilled spirits:• 5,654 Consumption (tax-paid wi thdrawals)•t I t hous. or proof gaL. 5, 258 2,802 2,410 2, 384 2,366 2, 748 3, 431 4,604 5,963 6,072 6, 323 4, 214 4, 59! Whisky_. ------.thous. of proof gaL. 4, 715 2,376 2,124 2,097 1,974 2,210 2,828 3, 961 5, 267 5,338 5.516 3, 700 4, 203 Production, totaL .•••••• t hous. of proof gal .. 16,067 10,281 9,635 9,334 8,158 8,814 8,838 9,465 12,110 12,224 14,536 15,754 14,543 Whisky __ ------.thous. of proof gaL. 15, 348 9,009 8,828 8,695 7,600 8,182 8,170 8, 785 11,200 11,258 13,134 14,875 13,96 4 Stocks, end of month ....t hous. of proof gaL. 149, 679 45,766 51,404 58,137 63,351 68,872 73,841 78,380 84,093 90,055 98.028 109, 203 119, 03 4 Whisky •• ------thous. of proof gaL. 122,560 41,326 46,386 52,859 57,962 63,422 68,343 72,883 78,471 102, 504 112, os·2 Rectified spirits: 84,198 91,630 Alcohol, ethyl, withdrawn tax paid (see p. 36). Consumption (tax-paid w itbdrawals)•• thous. of proof gaL. 1, 492 2,052 1,676 1,306 958 1,389 1,532 1,577 2,672 2,825 3,137 I, 235 I, 20 2 DAlBY PRODUCTS Butter: Consumption, apparent•t ••.••• thous. of lb .• 114,699 a)44, 667 136,671 1 159,369 138,657 133, 067 150, 881 137,487 144,961 140,844 136,810 ) Price, N. Y ., wholesale (92 score).dol. per lb .. 128,802 110, 931> . 32 .25 .25 .24 I .27 .26 • 27 .29 . 31 . 34 0 Production (factory)t _. __ _••••• thous. oflb.• 107,060 •123, 305 . 241 .24 .:J Receipts, 5 markets ______133, 218 174, 692 181,759 171, 682 1162, 589 141,809 130,861 110,655 102,702 100, 130 97,00":J .••••• thous. oflb .. 38,127 50,520 47, 206 61, 499 63,812 61, 251 . 57, 881 49,392 49,928 41,564 39, 110 Stocks, cold storage, creamery, end or month 42,716 37,87'3 thous. of lb.• 5, 338 15,351 11, 838 27, 161 70,148 108,748 j 120,467 125,047 Ill, 073 81,034 47,175 18, 907 a 8, 11 0 • Revised. • New series. For earlier data seep. 19 of this issue, ~anufactur~d and natural g~s, and p. 19 of the June 1933 issue, butter consumption. Beverage figures are from the U .. S. Bur.e~u of Internal Revenue monthly data on dJstJlled spmts available begmmng July 1933 and on fermented malt liquors, Aprill933. Data on consumption of rectified spmts. as mdicated by the sale of stamps. Earlier data not published . . t. For revised data for e!ectric-power production for 1932 see PP. 38 a'?d 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; manufactured and natural gas revisiOns ~or years 1929-34, mclus1ve, are shown on pp. 19 and 20 of this Issue; for butter production for 193! see p. 20 of the January 1933 issue· for 1932 and 1933 butter C?nsqmptwn and .1~33 butter production seep. 19 of tbe Marc)! 1935 issue. Data consumption of d!stilled spirits revised to include brandy tax paid direct from fruit dis tJIJenes. For re\"Jswns see I?· 39 of the March 1935 Issue. Benes. on prepared roofing revised. RevisiOns for earlier months will be shown in a subsequent issue. • ConsumptiOn ol rectified spmts fi~ures plus ethyl alcohol Withdrawn tax paid (seep. 36) equals Bureau of Internal Revenue total of distilled spirits withdrawn tax paid , Revised series. Data revised beginning with January 1933. Seep. 39 of the April1935 i•sue. Revisions for 1933 will be shown in a subsequent issue. · 40 SURVEY OF Cl'RRE:\T BCSINESS May 1935 ------·------·------·------ FOODSTUFFS AND TOBACCO-Continued DAIRY PRODUCTS-Continued I i Cheese: Consumption, apparentt ______thous. of lb __ 45, 8~0 a 50, 550 45.459 45,352 ' ! Imports# ______thous. of lh __ _ I 46,932 54,874 : 50, 163 61, 136 50,072 42,394 50,528 42,820 4, 220 4, 757 ' 3,676 3, 897 ' 3, 213 . 4,063 4, 460 5, 730 I 3,565 4, 084 Price, no. 1 Amer. N. y ______dol. per lh __ 3.~g! 3, 571 ' , 17 . 15 .13 , 15 .13 .14 . .14 .15 ! .15 .17 I .18 Production (factory)t ______thous. oflh __ 34,408 a 40, 25i : 44,897 66,545 62,682 57,887 ' 51,206 47,464 35,835 I 31,163 26, 109 27,743 American whole milkt ______thous. of lh __ 23,891 29,891 33,788 53,222 4!l, 106 44,650 38,205 33,732 28,146 ' 21,517 18,771 IP, 443 Receipts, 5 markets ______thous. of lb __ 8, 955 Y, Y38 10,553 14,392 16,487 17,257 12,840 14,277 13,609 I 9, 522 13, 526 ' 10,821 Stocks, cold storage, end of month t thous. oflb__ 62, 8-19 62, 153 65, 450 71, 469 96, 960 115,842 122,495 1 127, 363 118,008 109,972 I 102, 197 Rl, 220 ' a 70, 156 Americanwholemilkt ______thous.oflb __ M,741 49,856 5?,217 58,073 79,925: 97,018 103,805 108,624 102,832 96,688 ! 89,878 71,007 a 60,943 Milk: Condensed and evaporated: Production:t Condensed (sweetened) ____ thous. of lb__ 18, 764 •17, 254 20,532 24,907 22, 103 ' 16,997 : 19,425 16, 226 16,691 15,943 13,683 14. 2~7 15, ]22 Evaporated (unsweet'ed)§.. thous. of lb .. 141,331 a 127,085 152,401 188,688 210,750 : 190,089 I !75, 125 146, 130 138, 107 103,419 I 93,731 118, 562 123, 657 Exports: ' Condensed (sweetened) ____ thous. oflb__ 842 201 I 597 544 1,276' 1,261' 985 797 553 821 , 470 I 499 099 Evaporated (unsweetened).thous. oflb__ 4,882 3,421 4,053 1,615 2,562 3,278 I 5,066 2, 759 3,324 2,840 1 2,965 2, 679 2, 642 Prices, wholesale, N. Y .: 1 i I Condensed (sweetened)_- _dol. per case__ 4. 85 4. 85 i 4. 85 4. 85 4. 85 4. 85 1 4. 85 4. 85 4. 85 4. 85 ' 4. 85 4. 85 4. 85 Evaporated (unsweet'ed),dol. per case__ 3. 00 2. 70 : 2. 70 2. 70 2. 70 2. 70 ' 2. 70 : 2. 70 2. 70 2. 70 2. 70 2. 7U 3. 00 Stocks, manufacturers, end of month: i ~- Condensed (sweetened): 1' , ? I Bulk goods ______thous. of lb__ 4, S32 4, 918 4, 937 8, 458 10, 105 9, 921 9 _10 9, 476 9, 417 i 9, 135 7, 687 a 1 5, 635 4, 646 Case goods ______thous. of ib__ 3, 714 4, 8751 5, 924 9, 239 13,912 17, 156 17,432 15,891 13,555 1 11,236 10,516 8,06S 5, 153 Evaporated (unsweetened): j 1 Case goods ______thous. oflb__ 39,993 99,176 I 117,115 151,691 153,149 205,545 167,864 _ 175,129 , 215,700 1 203,402 156,793 59,791 28,913 Fluid milk: 1 I Consumption in oleomargarine I I 1 thous. oflb __ 7, 700 5, 682 4, 225 4, 168 3, 461 3, 900 5, 184 6, 332 1 6 165 1 6, 552 6,880 7, 731 9, 622 Production, Minn. and St. Paul ' tho us. of lb__ 1 29, 833 38,665 i 36, 732 37, 908 I 35,202 31, 899 27,988 i 24,004 : 24, 174 I 23, 449 24, 747 27,00! 25, 978 Receipts: I 18,216 !_ I Boston, incl. cream ______thous. of qt______17,758 18,793 i 19,168 20,766 19,291 1 18,099 18,290 I 17,846 17,350 : 17,656 15, 747 GreaterNewYork•______thous.ofqL.' ______107,6671103,395 111,196 110,931 110,460 103,812 1 103,331 106,118 I 102,914' 101,6911103,072 92,157 1 POwdered milk: I 1 ' .1 Exports ______thous. oflb__ 170 3161 316 225 : 309 209, 319 ' 376 : 163 1 234 168; 213 223 Orders, net, new ______thous. of lb __ J2. 4.',6 11, 197 10,923 12, 670 14, 691 13, IS4 , 11,601 , 11, 090 . 11, 629 ! 11, 437 11, 176 1 10, 700 a 15,367 Stocks,mfrs.endofmo ______thous.ofib __ 20,332 25,006 27,648] 35,003 40,315 43,007[ 42,838 41,794' 40,7951 36,530 33151 30,207 • 23, 568 8 1 1 1 1 bu __ l ______1 ______1 ______------: ______•119: 855 AWr~~::~:~:ro:::i~~:~~~=o~:. or 1 ------~------Sbipments,carlott------carloads __ 4,674 4,367 ! 2,2541 1,387, 756 1,1451 1,897 ;, 10,405 17,742 7,776 5,672; 5,732, 5, 838 Stocks, cold storage, end of month I 1 thous. of bbL. 2, 667 2, 131 I I, 055 392 _ _ 4, 092 10,408 1 10,328 8, 890 1 6, 92B a 4, 646 Citrus fruit, car·l~t shipmentst ______carloads--] 15, 198 15,785 13,039 12,303 "iii, i4ii- ---8~i28- ---7;o5i-' 5, 851 ' 7, 394 1 13,631 !4,533 14, sr;6 1 1 14,199 Omons, car-lot sh1pmentst ______carloads __ ~ 1, 208 I, 971 2, 933 , 3, 031 2, 872 1, 303 2, 342 3, 682 3, 514 I 2, 083 1, 886 I, 2, 787 2, GO! Potatoes: 1 Price,white,N.Y--:------doi.per!OO!b __ .881 2.388 1 2.0131 1.762 1.541 1.2001 .894 1.006 .9481 1.006 .975 .975 1.006 3 1 §~?t~~~~~· c';:'~fo~e~~~~~~===~~~-~~rfJa~~=: - -20~ 878- "23;ii34_l __ iii;7ii3f2i~467_, __ 25;687- "i8~748- j"ii;5i3-,--i4;7iii- --2i;627f i4;829. ' ~g: ~~~ "i8;3ii3- ·--26;923 1 Exports, principa?~~i~~~ncluding flour and ~~ I 1 : I 1 mealt------thous. of bu__ 1, 762 5, 757 6, 220 5, 182 1, 884 759 3, 371 3, 388 2, 884 2, 773 1, 842 2, 050 J. 615 I 1 1 Barley: 1 I Exports, i~clu~ing maltt______thous. of bu__ 128 690 425 I 408 i 139 165 I 789 743 582 535 111 1 628 ' 209 Pnce, no. _, Mntn.: I I I 1 Straight*______dol. per bu__ 1 01 ------~------1------.81 .95[ 1.07 1.02 1.06 1.09 I 1.09 1.08 Malting• ______dol. per bu__ I 08 ------91 '1 I. 00 1.16 , 1.10 1.17 1. 20 1.18 I. 15 ------+------. 1 1 1 ~~~~f~~~~i'i:'ci~:t~~::~i8·-:.~-~g~~~: ~~ ~~== ---2; 1ii4- ---3;574-~---2;ii78_1 ___ 3;5o2_~___3~8i3- ---a:5oii- ---8;556- :---8;595- ---5;484- -- · 5;isii- ·ll~: ~: i---2~297_ 1 __ -- 1-~93 Visiblesupply,endofmonth•.thous.ofbu __ 9,005 12,207 10,911 9,301 8,317, 6,9461 9,006112,4031. 13,525 14,900 14,4011 12,962 1 n:516 Corn: 1 1 Expor~s. including mealt______thous. of bu__ 62 247 , 209 ~71 \ 248 , 518 471 357 ! 308 224 147 j 74 , 51 I 1 Gr!ndmgs ______thous. of bu__ 4, 57-l 5, 562 J 4, 690 5, .71 6, 738 1 5, 721 I 6, 539 1 4, 839 , 5, 302 4, 062 5, 261 4, 0.51 '. 3, 399 1 I Pnces, wholesale: 1 1 : i No.3, yell_ow (K'!-nsas City) __ dol. per bu__ .88 .451 (I) (1) 1 .57 I (') II .78 i .81: .80 .91 .96 .96 1 .92 No.3,_whlte(Chwago) ______dol.perbu __ .89 .51 .49, .55 .62 .66 .76 .84~ .82] .93. 1.01 .98' .94 1 1 1 3 0 8 ~~~~~f~~~~i'i:'ci~:~s~~::~is-:.~jg~~;: ~~ g~== -·-7;55\l- --i2;8iiii- ---8;632-l---8;o72-]---9~57ii- --26;568- --4i;447- --i8;ii85'i'-iii;i57- ---8~858- • • :, 2~~ ---6~7:io-1----.s;999 Shipments, principal markets,thous. of bu__ 9, 30S 9, 017 9, 471 1 15,877 : 11,353 13,610 I 17,488 10,448 i 12,372112,514 11,294 R, 931 i 7, 7f.7 Visible supply, end or month• _thous. of bu__ 21, 923 65,682 57,396 I 46,808 · 38, 518 44,830 60,451 62,407 1 58,683 50,537 43,462 3·1, 204 I 28. 160 1 Oats. ! i I , 1 - i Exports, Including oatmealt,.thous. of bu__ 68 84 95 ; 68 i 81 76 I 69 87 1 71 78 73 91 1 54 1 Price, no. 3, white (Chicago) __ .dol. per bu__ . 49 . 33 • 32 : . 35 1 • 43 . 45 . 49 . 55 . 52 . 54 : . 56 . 56 : . 54 52 K~~~~~~~~~i~ci~:ls~~ra:!is--~==t~~~~: ~l ~~== ---2.-2iii- ---3;o5ii- ---2;73ii·]---5~oo2·j---2~8ii- ---3.-388T--7;23i- ---4;886_1'---4;516- ---3~876-l· ~:~~g -- -~- ••-9 -8- 3-~--- - 2._- 2-56 Visible supply, end of month• .. thous. or bu__ 14,366 38,011 32,902 : 26,2051 22,524 21,445 I 24,605 24, 241 1 22, 627 22, 191 22, 576 2 1 258 1 9 443 Rice: ' I : Exportst, ______pockets 100 lb__ 26, 121 142,504158,656 1 41,267 89, 197 75,2961 59,421 31,328 61,164 53,225 73,882 ! 46, 194 Imports#--.. ______pockets 100 lb__ 81, 158 35,581 44,493 52,973 . 59, 149 58,464 46, 173 47,313 ! 44,645 46,330 93,287 : 182,985 1 I Price, wholesale, head, clean, New Orleans 1 ' I ~~~~~~~~[b~~~i~:i~.- 8iffi\B~~s.P~[ ~~:: ---- ~~~~- ----~~~=- ----~~~=-~----~~~=-: ----~~~=- ----~~~=-i----~~~=-~ ----~~=-:----~~::. ·as:~~ --- -~~~~-' ---~~~: thous.ofbbl. (162lb.)__ 825 496 191 191 1. 183 1531 244 836 1,974 612 688~-- 1,280 Shipments to mills, total , I thous. of pockets (100 lb.)__ 910 746 436 417 I 525 483 55511 747 9931' 714 829 ! 1, 054 New Orleans __ thous. of pockets (100 lb.)__ 33 64 52 571 35 71 78 86 112 58 7g : 103 Stocks, domestic,end of month I thous. or pockets (100 lb.)__ 2, 550 2, 439 2, 215 I, 896 I, 575 j I, 267 I 972 1, 083 2, 189 2, 311 2, 217 ! 2, 552 • Revised. • Dec. 1 estimat~. I Prices not available. • New series. For earlier data seep. 20 of the November 1932 issue, barley, receipts or milk in Greater New York, p, 20 of the August 1934 issue. Since the division of no. 2 barley by the Department of Agriculture Into straight and malting grades as of July I, 1934, prices for each grade have been reported separately. t Revised series. For revisic!ls refer to the indicated pages of the monthly issues, a< follows: For 1931 on apparent consumption of cheese, production of total and American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and American whole-milk cheese, p. 19, April1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39, September 1933. For subsequent revisions for 1932 on production of evaporated milk. p. 39. November 1933. For 1932 and 1933 revisions on cheese consumption and 1933 revisions on production of cheese, condensed and evaporated milk, see p. 19 of the March 1933 issue. For final revision for 1933, car-lot shipments of apples, citrus fruits, onions, and potatoes, seep. 20, January 1935 issue. For 1932 exports of rice, p. 39, June 1933. For revised figures on 1933 exports of grains (total barley, corn, and rice by months), seep. 2 of September 1934 issue. # See footnote on p. 35 of this issue. Data Cor 1933 also revised, seep. 20 of the October 1934 ssue. 6 Bulk evaporated milk not Included since December 1931. i Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet. May 1935 SURVEY OF CURRENT BUSINESS 41 Monthly statistics through December 1931,[19351 1934 ---,------,------,------1 1935 together with explanatory footnotes and refer- .--- · . I !'noes to the sources of the data, may be found j March March I April I May June July I August Septem- October I Novem I Decem- January Febru- mthe19~-~Illlua!SupplementtotheSurvey, ____I______1 1 1 ber 1 ber ber _____1 a_r_y_ FOODSTUFFS AND TOBACCO-Continued GRAIN8-Continued I ------T- i I J II 1 Rye: I I 1 I j Exports, including tlour •••.••• thous. of bu.. 0 3 . 9 0 1 1 0 0 2 I 0 1 0 i 0 0 0 76 ~~~"Jb~W;,~: ~;g~~f~~~e:::==igg~s~~1 ~~== -----~~~------~~~------~~:------~~------~~~-~-----~:~------~~~.1-----~~:------~:~ I_____ ~:~-1 . 16, o~8 \____ .· I_____ .~~~ Receipts, principal markets•••• thous. of bu.. 405 181 251 1, 368 1, 903 1 2, 246 847 I 1, 401 I, 502 2, 332 I 445 I gt) I 57 Visible supply, end of month* .• thous. of bu.. 9, 652 11,621 11,002 10, 505 11,452 I' 12, 208 11, 7981 11, 776 12, 323 13,425 12, 572 11,486 : 10, 630 WhMt: ! Exports:t I 1 1 Wheat, including tlour••.•.•• thous. of bu.. 1, 502 4, 733 5, 482 4, 335 1, 415 2,168 2, 042 1 2,199 1, 923 1, 936 1, 511 1 1, 257 ! 1, 301 1 Wheat only.....•••.•.••.•.•. thous. of bu.. 10 3, 065 . 3, 576 1, 456 387 i 826 1, 776 1 109 1 57 152 32 14 . 4 Prices, wholesale: 1 ' 1 I No.1, Northern, Spring, Minn. I ' 1 I dol. per bu.. (') • 88 • 83 • 94 1. 09 1 1 10 1. 17 I 1. 25 1 ( 1) 1.10 1. 12 1.10 : (') No.2, Red, Winter, St. Louis. dol. per bu.. . 95 . 89 . 83 • 87 • 91 \ . 92 1. 01 1 1. 04 1 1. 00 1. 01 1. 04 1.0::! 0 98 1.00 ~~iiht~dr~~e;~~~t~r~~k~ts; ;.1l~r~d~bu.. . 97 . 82 • 78 , • 86 • 89 I . 93 1. 07 ! 1. 08 , 1. 02 : 1. 02 1. 04 1.01 1 1 dol. per bu.. 1. 06 . 88 I • 83 ' • 94 • 95 . 95 1. 15 I 1.19 1 1. 14 ' 1.13 1. 12 1 1.12! 1. 12 I Production, crop estimate, tot"lhous. of bu .. ·------·-----1··-·------~------·------··---,-·------1------'------,496, 4(ig ______,______Spring wheat. •.••••••••.•... thous. of bu .• ------______------•------~------,------•91,4:l5 ...... _ .... . Winter wheat. •• ------thous. of bu.. _____ .... ------_ ------1------~------1------•405, O:l4 ... _...... _ Re.ceipts------thous. of btL. 4, 668 9, 064 I 8, 408 12,479 23,445 1 49,708 23,045 1 19, 9, 154 I 7, 8<;3 .1. 1?71 3, 771 082~1~, 94~ 1 1 Sh1pments ...... ••.•..•.•... thous. of bu.. 6, 355 10,231 6, 492 14,566 15,447 16,831 13,934 1 14,767 1o, 39n 1 1.1, 066 8, Ot•l 8, h.l8 ''· 846 Stocks, vtsible supply, world •• thous. of bu...... 532,980 495, 150 463,660 451,860 147i, 190 491, 130 1 506, 250 497, 570 471,620 I 509,410 517. ~17 I 481, 793 1 Canada ______thous. of bu .. 227,259 220,759 1 211,091 196,869 190,717 185, 120 183,710 222,260 246,247 1 249,686 1 253, 119 242, 3n3 23b, 515 United States • ------thous. of bu.. 52, 735 94, 504 86,856 . 77. 631 f_ 79,395 117,973 121, 727 1119,001 1107,050 , 98, 7561 89, 7ti6 74, 774 ~. 62, 769 Stocks, held by mills (quarterly) I ! I ! ., 1 thous. of bu •. 87,314 115,247 ------102,968 •------160,904 ------481,793 ------!.------~134,9,.5 1 Wheat flour: ' · I I ! i i 1 Consumption (computed)t.... thous. of bbL. 8, 697 9, 171 7, 963 9, 052 8, 487 [ 7, 550 8, 891 1 9, 263 I 9, 875 ! 8, 881 I 8, 6114 : 8, 600 , 8, 009 1 2f.fi Exports ______thous. of bbL. 317 355 406 270 219 · 286 435 1 443 397 ' 380 315 276 Grinding of wheat •..•••...••.. thous. of bu.. 36, 311 38,320 34,187 37,089 34, 476 ! 33,701 39, 682 1 40, 371 . 41,833 I 37, 393 II 34,323 . :17, 7(j6 a 34, 509 Prices, wholesale: I I Standard Patents, Minn .•••. dol. per bbL 7.16 6. 64 6. 34 6. 84 7. 05 ! 7.18 7. 46 [ 7. 50 ! 7. 32 [ 7. 25 1 7. 25 : 7. 28 Winter, straights, Kansas City • , 1 I ' • 1,, I dol. per bbL. 5. G6 5. 40 1 5 28 5. 48 5. 79 6. 01 6.14 , 6. 22 ' 5 88 5. 79 5. 85 5. 75 Production: 1 · I 1 • Flour, actual (Census) ______thous. of bbL. 7, 986 8, 362 I 7, 455 8,103 7, 507 7, 325 8, 654 : 8, 822 ; 9, 181 ! 8, 211 7, 547 a 7, 599 Flour prorated, total (Russell's)t I 1 I i ' thous. of bbL. 8, 767 9, 465 8, 298 9, 2081 8, 407 7, 966 9, 425 . 9, 881 , 10,382 9, 311 8, 585 8, 465 OffaL ______t.hous. of lb .. 631,628 674,587 I 607,078 , 657,205 613,279 600,486 704,298 1 716,936 ' 736,619 655,023 601,417 a 599, U75 Operations, percent of total capacity______50 50 I 48 I 50 46 47 52 i 59 55 53 49 53 Stocks, total, end of month (computed) 1 i 1 ' . thous. of bbL. 4, 500 4, 700 1 4, 7641 4, 650 4, 570 4, 700 4, 920 1 5, 090 ! 5, 200 5, 250 I 4, 820 4, 600 To<::~::::~:-:~-;;~~:~~>bL '~' '·'" ~------~------~ '·"'~:···------~ 3,473 :~------,------~ 3,857 Consumption, apparent •••.••...mills. of lb ...... ___ 1, 0521 I, 015 1, 178 1, 085 981 1, 092 1_------.. ------.-- Production (inspected slaughter) ' I ' I 1 1 1 1 1 1 1 stocks,coldstorage,endofmont!::{~~~:::~~-----~~;- ·::: ·::: ·::~ ·~:: ! ·::: 1 _____ · ~ ·r·--8· ~s·-:,···--9-2· ~-~---;~~;;·---;~~;; 1 ·= a 981 901 Miscellaneous meats ..•.•.•••• mills. of lb.. 78 56 52 53 1 78 81 25 126 llO a 89 Cattle and beef: 61 i I 0 1 07 1 1 3 Beef and veal: I consumption, apparent •••••• thous. of lb•• ------463, 946 448,926 499,805 461,905 440,043 483., 974 :----.------.------,- -- --]----,------,- , 1------Exportst ------thous. oflb.. I, 285 2, 670 2, 063 1, 514 1, 356 1 2, 250 2 269 ,1 1 683 1 638 1 961 1 371 1 3, 2 1, 164 1 1 Price, wholesale: · 1 1 ' Beef, fresh native steers, Chicago I i I 1 ; 11 dol. per lb.. .184 • 092 • 099 .123 .113 1 .114 .1251 .141 • 133 ; .1231 .126 . 157 i 0 175 Production, inspected slaughter thous. of lb .. ------454,655 437,914 ! 493,768 463,411 '1 453,986 498,457 573,493 ------!.------ Stocks, cold storage, end of m~~~~s of lb.. 98, 180 55,848 I 46, 590 '1· 42,546 45,471 I' 61,545 80,0751 92, 575 108, 399 : 127, 953 I 140,940 ~~~Movement, primary markets: I I I. 1 I Receipts•...... thous. of animals __ , 1, 470 1, 500 I, 592 1, 809 1, 812 I 2, 985 4, 234 . 3, 777 3, 000 : 2, 163 1, 797 ' !,3Sl Slaughter, locaL ..... thous. of animals .. : 915 999 1, 045 1, 209 1, 2251 1, 672 2,186 , 2,140 1, 711 1, 356 , 1, 221 8:39 Slaughter, inspected. (See Leather and 1 11 leather products.) . · Shipments, totaL ••.. thous. of animals .. ' 537 495 518 592 585 1,231 2,041 1,071 1,257, 835 '1 565 649 509 Stocker and feeder ..•• thous. of animals __ , 192 •139 147 162 139 470 802 550 477 · 317 165 199 I 192 ~~~~~ 1 I dol. per 100 lb.. 12. 33 6. 51 7. 44 8. 23 8. 57 I 8. 40 8. 50 9. 36 8. 71 8. 46 9. 17 10.88 I 11.98 Hogs and products: · Hogs: I I Movement, primary markets: , , 1 I i Receipts.. ______thous. of animals .. ~ 1, 622 2, 468 2, 674 3, 076 2 684 2, 519 2, 067 2, 093 2, 807 3, 2!8 I 3, 140 ? 42'' . 1,R2:l Slaughter,locaL..... thous. of animals.. : 1,126 1,679 1,883 2,272 1,9341 1,777 1,420 1,531 2,032: 2,338 i 2,189 I; o5l : 1, 223 Slaughter, inspected. (See Leather ! and leather products.) ; 1 I I 4 801 781 798 7 7 645 ! 56! 771 s81 I 953 7t14 : 601 ~?~f~~~~d tfu~~er====~~g~: gi :~:::::l~==: ~~ 37 28 39 ~~ j ~~ r 59 67 66 52 ! 42 26 • ao 1 Price, heavy, Chicago •••.. dol. per 100 lb .. ; 9. 29 4. 33 3,87 I 3.58 4. 34 I 4. 85 6.19 7.23 5. 95 . 5. 95 I 6. 51 /. 99 ' 8. 49 Pork, including lard: . 1 Consumption, apparent. •.••. thous. oflb.• ------536,044 518,588 631,250 •577,166 I 493,580 550, 967 442, 679 568,240 525,748 486,486 482,726 i 365,749 Exports, totalt ------thous of lb .. · 19,364 52,114 49,762 79,942 56,251 1 51,243 45, 644 : 41' 650 35, 737 I 34, 023 25, 670 27, 41H 24, Hi[) Lardt. ------thous. of lb... 10, 635 39,493 39,350 66, 167 41,008 I 33,466 29, 358 31, 506 26,870 ' 19,739 16, 170 17, GH7 15,8911 Prices: 1 Hams, smoked, Chicago .•••• dol. per lb •• ' .1G7 .136 .138 .136 .156 I .171 .172 .184 .176 .164 .161 . 165 .1/lj Lar~ I Prime contract, N. Y ••••.• dol. per lb .. i .144 .067 .071 .0661 .0681 .072 .090 i .102 .101 0 112 0 122 . 136 .14:l Refined, Chicago• ______dol. per lb ..J .148 • 073 . 081 .077 .073 .070 .099 j .116 .108' 0 il6 .131 .1H] •Revised. • New Reries. For earlier data, seep. 20 or the November 1932 is3ue, rye; and p. 18 or the January 1934 issue, wholesale price of lard. t Data revised. For revisions of wheat flour, production and consumption (Russell's) from July 1931 to December 1932, seep. 19 of the August 1933 issue. For revisions of beef and veal exports for 1932, seep. 40 of the June 1933 issue. For r~vised export data for 1933, seep. 20 of the September 1934 issue. • Dec. 1 estimate. • Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet. I Price not <>vailable. 2 Discontinued. 42 SURVEY OF CURRENT BUSINESS May 1935 ======~======-~~--~-----======~======Monthly statistics through December 1931, 1935 1934 1935 together with explanatory footnotes and refer I I I ences to the sources ofthe data, may be found , I March Marchi April May June 1 July August Septem-j October I Novem-1 Decem- Januaryl Febru- in the 1932 Annual Supplement to the Survey I J ber ber ber ary I 1 I<'OODSTUFFS AND TOBACCO-Continued LIVESTOCK AND MEAT8-Continued ! I I Hogs and products-Continued. I i Production, inspected slaughter, total I thous. oflb .. ----- ___ _ 508, 993 i 572, 457 699, 676 633, 062 574, 2291452, 672 427,324 561,807 a625, 056 641,917 484. 691 I 385. 906 99,612 113,056 137, 597 124,069 107, 101 78, 125 St~~~~-coidst~rage~-eniior·m·o_-thous. of lb..! _____ ---- 69, 424 88, 548 101, 482 109, 999 78,3931 61, 221 thous. oflb .. l732, 024 830, 997 835, 185 823, 808 823, 560 853, 063 I 709, 165 652, 27 4 610, 256 675, 740 805, 070 7~0. 481 '776,705 Fresh and cured ______thous. of lb .. 627,lil3 657, 222 656, 087 641,568 628,425 643, 5661542, 010 524, 220 504, 737 571,9131687,563 667, 9'4 a 666,5:!1; Lard. ------thous. of lb .• , 104,861 173, 775 179, 098 182, 240 195, 135 209,497 167, 155 128, 054 105, 519 103, 827 1!8, 107 112,4971 a 110,197 Sheep and lambs: I Lamb and mutton: i 1 I Consumption, apparent. ....• thons. of lb .. ,..•..•... 52, 0391 47, 676 47, 166 45,709 47,452 57,083 ------,------~--- Production, inspected slaughter i ------____ T______thous. of lb .. 45,829 1 1 51, 097 i 46, 976 47,286 47, 551 57,215 ------~------:------~·-·-- ·-- Stocks, cold storage, end of m~.hous. of lb __l • 3 206 2, 024 i 1, 281 1, 363 1, 450 1, 518 1 1, 608 2, 400 3, 0741 4, 687 J 4, 560 . 3, 819 , a 3, 506 Movement, primary markets: . I I I Receipts ______thous. of ammals .• l 1, so:l 1, 570 : 1, 838 2,114 1, 810 2, 152 II 2, 615 3, 324 4, 056 1, 833 I 1, 542 1, 749 I 1, 522 Slaughter, locaL ...•.•.. thous. of animals __ , 1, 011 957 959 1,014 918 998 1,106 1, 384 2, 1261 1, 017 I 902 1, 022 I 830 Slaughter, inspected. (See Leather and 'I leather products.) . Shipments, totaL .•..•.. thous. of ammals .. 784 625 872 1,104 891 1, 1551 1, 482 1, 931 1, 943 819 I 644 720 I 666 Stocker and feeder ...•thous. of animals .. 137 81 135 155 115 774 908 283 i 133 151 I 184 1 190 I 390 Prices, wholesale: 1 Ewes, Chicago.••.•.•.•.. dol. per 100 lb .. I 4.13 5.00 4. 75 3. 00 1. 63 1. 78 1. 47 2.09 2.00 2.00 I 2.631 3.91 4.09 Lambs, Chicago ______dol. per 100 lb .. I 6. 63 8. 63 8.90 8. 97 7. 24 5. 91 I 5. 59 5. 56 5. 56 5. 61 I 5. 98 6. 53 6. 47 Poultry and eggs: ! EgE f Receipts, 5 markets•••••... thous. of cases .. , 1, 48$ 1,824 2, 051 1, 927 1, 452 1, 0091 828 ~ ~ ~~ ~ ~. ~ Stocks, cold storage, end of month: I Case.------thous. of cases .• ! 1. 499 1, 208 4,640 7, 819 8, 965 8. 961 I 7. 938 6, 803 4, 633 2, 380 I 648 39 a 34 38,679 62,632 93,947 116,058 121, 564 l11, 994 a Frozen.------thous. of lb .. : 39,532 99,951 88, 715 76, 073 I 64,879 52, 726 1 39,413 Poultry: I Receipts, 5 markets ______thous. of lb --' 13,542 16,435 13,347 19, 604 22, 75.> 22,4171 21,861 24,725 31,383 64, 370 i 59, 223 23, 611 16, 501 Stocks, cold storage, end of mo. ! thous. of lb .. ' S3,174 74, 197 49,212 39,790 40,609 44, 9041 46, 053 55,262 73,401 105, 565 : 132, 001 122, 285 a 106,776 TROPICAL PRODUCTS 1 Cocoa: : I I Imports # ______long tons .. , 44. 285 30,502 26,539 8, 044 10, 843 10, 456 i 10, 914 18,973 17, 154 16, 713 i 10, 933 23. 378 46. 706 Price, spot, Accra, N. y ______dol. per lb .. : .050U .0540 .0539 . 0561 . 0572 . o535 1 • o535 : .0510 . 0485 . 0487 i . 0504 . Q,i27 . .0525 Shipments, Gold Coast and Ntgena 1 I long tons .. ! 30, 175 42,235 22,287 9,850 10,568 10, 798 : 15, 803 3,441 11,822 32.462 I 45,259 I 59, o:J2 52,091 Cotl'e~: : Clearances from Brazil, total.thous. of bags .. ! 1, oo:; 1, 242 8421 903 1, 449 7871 1,077 1, 467 1, 308 978 I 1, 0761 I, OOG 1, liS To United States ______thous. of bags .. · olO 636 42.51 418 546 512 649 783 815 514 : 572 li09 724 1 Imports into United States #.thous. ofbags .. 1, 201 1, 305 996 790 736 788 I 758 919 1, 018 1,021 1 762 1, 059 : 1,199 Price, Rio No.7, N. Y ______• .dol. per lb .• ; . 07u .109 . 1041 .103 .102 . 095 . .097 .OG5 . 094 . 093 ! . 093 . 00! : . 085 Receipts at ports, BraziL .... thous. of bags .• : l. 514 1, 534 1, 212 901 919 1, 047 780 1, 245 1, 1.54 1, 113 1 1, 105 1, 09:l 1,029 Stocks, world total, incl. interior of Brazil thous. of bags ... ··------ (!) ! 31,118 i 29,309 27,141 (1) (1) 22,266 21, 133 (1) ! 26,168 25, 00± Visible supply, total excl. interior of Brazil thous. of bags.. 6, 915 8,084' 8, 600 I s. 564 8, 526 8, 496 8, 499 8,302 7, 061 6,820 6, 642 6, 537 6, 477 United States ______thous. of bags .. · 7ti9 i 1,025 ' 891 I 932 886 9.55 916 818 866 820 : 716 705 ! 878 Sugar: I Raw sugar: I I Cuba: , I Stocks, total, end of month I I thous. of long tons __ , 2, :n 7 1,862 2, 4221 2. 475 2,364 2, 212 2, 041 1, 764 I, 589 I 1, 345 983 930 1, 789 United States: Meltings, 8 norts t------long tons .. 327, 72-l 289,666 272, 885 1 344, 352 350,731 300, 448 307, 685 350,048 : 411, 507 278, 822 22i, 522 350, SIS , 300, 88-1 Price, wbo1esa1e, 96° centrifugal, New York ______dol. per lb .. . 0:30 • OJ1 .028 i .028 .029 . 032 .033 .029 . 029 . 02~ . 029 . 028 ! . 029 R~ceipts: From Hawaii and Pnerto Rico I long tons .. · 181,898 205,989 155,446 I 146,258 149,087 188, 196 73, 1so 9s, 415 I 49, ~93 65,794 · 58, 463 1oo, :=:·;s ltll, 033 Imports t#. ------long tons.. 205, 251 173, ~8 214,079 1 250, 111 197, 640 53, 117 n, 212 683, 137 , 241,262 165, 562 zoo, 715 I 484, 4-18 ! 139, 153 Stocks at refineries, end of mo. t ; 1 long tons .. 508, 1141406,345 ! 516,505 1 561,680 537,831 ! 633,593 626,796 501,240 ' 363,952 456,679 718,953 483, 143 ; 439, 952 Refined sugar: ! 1 Exports, includingmaplet•..... longtons...... 4,248: 4,2461 5,622 4, 649 : 6,376 9, 494 ' 13, 369 21, 461 s. 948 ! 10,307 Price, retail, gran., N. Y --- ...dol. per lb.. .0.\1 . 051 ' . 051 . 051 • O.o2 .055 .05.1 i .055 20: &~~ • 24: 6~~ . 052 . 052 . 031 Price, wholesale, gran., N. Y .. dol. per lb.. .043 .044! .044 .041 . 045 • 047 .047 .047 • 016 . 045 . 043 . 042 . 042 Receipts: , J<'rom Hawaii and Puerto Rico' .long tons.. 13, loS 13, 596 , 15, 294 1 14, 180 12,366' 11,039 536 3,089 o , 670 I 2. 528 6. 972 18,816 Imports: · , I 1 Cuba* ------long tons... 15, 2•\:l 10,879 1 9, 913 '1 lo, 473 21, 226 18, 317 15, 439 134,194 64, 724 : 4, 911 6, 3431 53, 2SO ' 18,385 Philippine Islands* ______long tons.. 729 ------'------21,512 3, 323 590 0 0 2, 619 ' 2, 435 53 18 0 Shipments, 2 ports ______long tons .. ------53,045 45,883 76,934 58, 6(14 ' 70, 545 68,609 73, 211 ------·- Stocks, end of month, 2 ports ...long tons .. ------30, '!82 31,164 25,147 22, 3i3 18,918 10, 228 16,805 ~~:~~~ ------~------Tea: Imports #------thous. of lb.. S, 401 6, 758 4,493 4, 389 5, 419 6, 471 9, 193 7,426 7,942 .---~~~~~-,---~~~;~- ---~-~~~- t), 52-1 Price, wholesale, Formosa, fine, N.Y. 1 I' dol. per lb .. • 275 .185 .193 .19\1 0 215 . 215 . 215 • 215 . 215 I • 215 . 215 . 215 . 27.3 MISCELLANEOUS PRODUCTS ! Candy sales by manufacturers .. thous. of doL.. 21,753 21, 951 ' 16, 792 16, 884 12,945 10, 010 16, 433 24, 420 25, 106 i 24, 935 24,596 20,475 21,238 Fish: I Landings, fresh fish, principal ports 1 I thous. of lb .. ______24, 782 37,906 34,848 30, 699 : 33, 392 37,791 33, 240 20, 288 ' 26, 966 24,350 21. ()11) 27. 454 Salmon, canned, shipments ...... cases .. -----·-- 449,736 : 229, 108 203,3\6 263,883 496,061 832, 225 941, 121 889,651 367, 430 362, 326 3-!8. 805 659. 355 Stocks, total, cold storage, 15th of month I thous. of lb .. J 33, 213 ~m:~~ ~~ ~m ~m ~~ ~~ 77, 151 77, 126 73, 850 64, 170 l 51,574 a Revised. Note major correction in data on imports of sugar from Cuba June-November 1934. • New series. }'or earlier data, seep. 20 of the August 1934 issue, ror receipts of refined sugar from Hawaii and P11erto Rico and Imports from Cuba. Data prior to May 1934 not available on imports of refined sugar from the Philippine Islands. t For revised data for 1932 on sugar meltings and stocks, seep. 41 of the May 1933 issue. For 1932 revi~ions of sugar Imports and exports, seep. 41 or the June 1933 issue. For revisions of exports in 1933, see p. 20 of the September 1934 issue. t See footnote on p. 35 or this issue. Data revised for 1933. Seep. 20 of the October 1934 issue. 1 Data not available. May 1935 SURVEY OF CURRENT BUSINESS 43 Monthly statistics through December 1931, i 19351 1934 I 1835 together with explanatory footnotes and refer- j--- ~nces to the sources of the data, may be found I March March I April !. May 1' June I July I August I' Septem-: October INovem- 1 Decem- January I Fe bru- In the 1932 Annual Supplement to the Survey ber ber ber ary 1 1 ----~----~----~-----~----~--~~--~-- FOODSTUFFS AND TOBACCO-Continued TOBACCO i : I I I 1 ~~portst------thous. oflb..l 31,897 44,411 41,342 : 31,380 I 29,563 19,013 25,605 53,097 64,810 47,534 28,609 31,711 24,629 Imports, unmanufactured# •••• thous. of lb .• 4, 643 4, 228 4, 775 : 4, 548 6, 139 5, 209 3, 830 5, 989 1 5, 140 4, 52! 3,608 4, 418 4, 501 1 ~[~'1c~~ti~~taf.0~:~f~'dY~{;--inip~~t~ds. ~~~~------,------~------~------t1,095,662 (quarterly) ______mills. of! b .• ------2, 435 ------' ------2, 214 ------1 2, 202 __ ------2, 223 ------Flue-cured, fire-cured, and air-cured I ..~i$!@:12~:~;;~~;,:::~ :~~~ :: : ~5:~~~~;~:' .: : -::::~- ::~~~~::1 .: : I :::~~~: ::~~:'! ::: ::~. :, :.~: kf~~~~~f~eii-ioi);icc(iand-snii~ousands __ . 351, 694 354, 165 i 345, o67 3so, 4so 404, 456 378, o56 425, 453 1 394,862 494, 456 466, 164 317,563 327, 578 32o, 864 1 thous. of lb __ . 27,970 31,478 ! 27,260 , 29,056 29,420 28,691 30,948 ! 27,2341 30,506 i 27,769 22,709 30, 120 26, 103 Exports, cigarettes ______thousands __ 323,732 246,278 1' 344,740 j 336, 264 252,609 225,387 310,334 : 260,409 280,590 :,: 282,269 288,768 332,412 329,290 Prices, wholesale: 1 I Cigarettes ______dol. per 1,000__ 5.380 5.380 I 5.380 i 5.380 5.380 5.380 5.380 5.380: 5.380: 5.380 5.380 5.380 5.380 Cigars ______.dol. per 1,000 .. 46.820 46.839 46.839! 46.839 46.839 46.839 46.839 I 46.839 i. 46.7421 46.697 46.697 46.697 48.820 1 1 FUELS AND BYPRODUCTS COAL Anthracite: I Exports ______thous. of long tons .. : 84 88 71 125 : 89 82 I 87 9J 122 i 120 i 91 116 14 Prices: ·1 i Retail, composite, chestnut dol. per short ton .. \ 13. 01 13.27 12.94 ! 12.34 . 12.40 12.60 12.83 13.051 13. 11 ' 13.04 ! 13.02 13. 01 13.02 Wholesale, composite, chestnutt 1 ' dol. per short ton __ : 9. 716 9.878 9 459 ! 9.084 9. 216 9. 451 9. 598 9. 760 I 9.815 I 9.833 : 9. 8471 11.033 9. 841 Productiont______thous. of short tons•. ! p 3, 082 6, 418 4:837 ; 5 250 I 4,184 3,443 3,584 3, 977 4, 729 I 4, 181 : 4, 705 5, 691 4, 505 Shipmentst .. ______thous. of short tons __ . 1 2, 555 5, 356 4, 173 ; 4, 491 3, 495 2, 974 3,110 3,401 I 4, 027 I 3, 601 I 4,214 5,071 3, 946 Stocks in storage: • TotaL ______thous. of short tons .. :1 774 308 690 1,165 ' 1, 541 1, 769 : 2,197 2, 506 2, 673 ' 2, 540 ! 1,921 1, 415 921 Stocks, in yards of dealers, end of month · no. of days' supply __ 24 17 4{ I 59 61 65 : 79 80 54 60 36 24 23 Bituminous: Consumption: Coke plants ______thous. of short tons.. 4, 381 a 4, 600 4,306 4, 757 : 4, 459 3, 529 3,376 3,241 3, 481 3,438 ' 3, 637 4,199 4,178 Electric power plantst•. thous. of short tons__ 2, 628 2,821 2, 391 2, 652 2,801 2, 944 3,006 2, 740 2, 911 2,696 : 2, 870 a3, Oil a 2, 675 Railroads ______thous. of short tons __ ,______5, 759 41837 4, 804 4, 553 4, 543 4, 735 4,801 5,089 4,855 I 5, 248 5, 550 Vessels, bunker. ______thous. oflong tons__ 99 90 81 122 107 101 119 98 109 120 89 79 82 Exports ______thous. of long tons.. 356 4~0 675 l, 074 991 1,108 1,036 1,033 1, 059 949 537 366 351 Price, retail composite, 38 cities 1 dol. per short ton __ 8. 39 8. 23 8.18 : 8. 13 8.18 8. 23 8. 30 8. 31 8.35 8.35 ' 8. 36 8.37 8. 39 Prices, wholesale: . I Composite, mine run .•.dol. per short ton __ 4. 180 3. 972 4.120 i 4.179 4.200 4. 18.1 4.199 4.192 4.190 4.190 4.190 4.180 4.180 Prepared sizes (composite) I dol. per short ton __ 4.446 4. 216 4.233 I 4.217 · 4.236 4. 343 ' 4. 393 4. 435 4. 449 4. 449 4. 460 4. 459 4.462 Productiont------thous. of short tons .• P 38, 848 a 38, 170 4 24, 590 1 a 27, 385 a 25,877 a 24, 869 , a 27, 452 a 27, 77 2 a32,807 a30,856 I a32,33J 36,393 34,423 Stocks, consumers, end of month i thous. of short tons .. 38, 432 28, 371 27, 711 : 28, 490 29, 493 30,387 31,441 : 33,077 35,810 36,356 ' 34, 476 32,045 a 32, 197 COKE Exports ______thous. of long tons __ 23 45 25 . 52 66 105 ' 127 : 114' 92 83 42 32 25 Pnce, furnace, Connellsville dol. per short ton __ 3. 70 3.43 3. 59 3.64 3. 73. 3. 73 3. 73 ' 3. 73 3. 73 3. 73 3. 73 3. 73 3. 73 Production: Beehivet------thous. of short tons.. 101 a 161 61 ' 51 ' 51 51 I 44 ' 55 76 94 84 88 93 Byproductf______thous. of short tons__ 2, 911 2, 969 2,875 ' 3,192 : 2, 990 ' 2 oSI ' 2,280: 2,175 2, 317 2, 267 2, 418 2, 802 2, 781 Petroleum ______thous. of short tons ______126 101 74 104 I ' 96 I 101 110 129 113 97 116 110 Stocks, end of month: Byproduct plants ______thous. of short tons.. 2, 961 1, 713 1, 964 1, 948 2, 047 : 2,312 2, 648 2,846 3,081 3,418 ' 3,418 3,129 2,860 Petroleum, refinery_____ thous. of short tons __ ------565 553 . 515 504 : 494 478 484 464 459 405 375 353 PETROLEUM AND PRODUCTS 1 Crude petroleum: 1 Consumption (run to stills) ..•tbous. of bbL. __ 71,807 73, 563 : 76,258 76,054 ' 80,065 ' 79,928 73,611 75,991 73,784 76, 593 75, 45G 70,817 Imports# ______thous. of bbL. 3, 227 2,272 I 2,877 3,442 3, 947 2, 561 : 2, 621 3, 270 2,395 3, 448 2, 794 : I oUU I, 753 Price, Kansas-Oklahoma ______dol. per bbL. . U Monthly statistiCs through De;.,mber 1931, ,. 1935 I - -1ga4___ ...... I . 193- together with explanatory footnotes and refer- ~--~-~~-,,~~~-c-~~--,~~~~~~~~~~- ' " 1 ences to the sources or the data, may be round · . I 1' · I Septem i N m I D I F b in the 1932 Annual Supplement to the Survey I March March 1. April May . June July ' August I ·' October 1 ove 'I ecem- January e ru- , 1 1 _her; jber ber jary 1 FUELS AND BYPRODUCTS-Continued p__ E_T_R_O_L_E_U_M __ A_N_D_P_R_O_D_U_C_T_S ____ C_o_n_ . .,------~---~------,--T~----,----.,----,----,~-- 1' Refined products: Gas and fuel oils: i 11 1 1 CID~~f:fct~o~er plantst •••• thous. of bbL 796 812 755 801 832 866 9141 865 924 ! 800 ! 894/ 8921 •co· Railroads ....•••.•••...••• thc.us. ofbbLI______3,250 3,118 3,174 3,234 3,242 3,216 3,282 3,494: 3,215 3,3531 3,4:!7 ------~=~ Vessels, bnnker ______thous.ofbbLj 2,698 2,782 2,457 2,652 2,530 2,412 2,633 2,350 2,354 ', 2,250 2,434 2,4'17 2,148 1 Price, fuel oil, Oklahoma, 24-26 refineries i , 1 Production: doL per bbL. . 750 • 738 • 750 • 750 • 750 • 725 • 725 1 • 725 . 725 • 750 • 750 . 750 i . 750 Residualfueloil*t§ ______thous.ofbbL: ______20,539l 19,344 1 20,297 20,1361 20,824 20,139 I 19,447 20,070:. 19,913 21,066 20,335 19, 178 Gas oil and distillate fuels*H ! 1 Stocks: thous. of bbL.:------8, 004 7, 563 i 7, 761 8, 042 7, 651 8, 723 8, 298 7, 904 8, OH 8,136 7, 696 7, 147 Residual fuel oil, east of Calitornia*H I II thous. of bbL' ______14, OH 15,673 ' 16,501 19,249 21,659 24,615 26,768 27, 379 28, 081 26, 579 25, 274 24, 13G Gas oil and distillate fuels, total*§ thous. ofbbL-:.------10,658 11,403 I 13,174 16,313 19,603 22,9271' 24,295 24, 848 i 24, 449 21, 957 IS, 021 JtJ, 260 GaRollne: 1 Consumptlont§ ______thous.ofbbL ______30,528 32,735 38,141 36,296 37,395 38,941 34,934 37, .535 34, 961 30, 4S6 28, W52 2!l. 509 Exports • ------thous. of bbL.· 2, 081 2, 235 2, 436 1, 613 : 1, 780 1, 495 1, 766 I 1,677 I, 823 1, 833 I, 429 1, S·15 1, O\J2 Exports, value. (See Foreign Trade.) I Price, wholesale: , Drums, delivered, N. Y •••. dol. per gaL.· . 120 • 158 .145 .150 .. I~o• .· 155 : .15.1 i .155 .155 .165 . 161 .136 . 12S Refinery, Oklahoma .. _____ dol. per gaL' . 046 . 044 . 04.5 • 048 0' 6 045 0471' .046 . 043 .0461 .046 '045 .OH Price, retail, service station, 50 cities · dol. per gaL.______.136 .136 .139 .141 .140 .139 .136 .119 .124 1------Production: At natural gas plantsU.... tbous. of bbL.______3, 019 2, P26 2, 907 2, 838 2, 960 3, 03! 3,046 3, 238 3, 212 i1 3, 236 3, 286 2, 952 At refineriest§ ...... thous. of bbL.______32,705 34,097 35,194 34,850 37,078 · 37,296 I' 34,·!88 36,282 35, 591 I 35, 997 3.i, 330 3:!, 702 Retail distribution (41 States)t mills.o!gaL______940 "979, "1,062 "1,067 1,090 1,1231 "1,074 "I, 094 a 1, 022 j 931 848 Stocks, end of month: i 0 At natural gas plants~ .....thous. of bbL ______I, 022 I, 276 I, 517 I, 646 I, 590 I, 589 i I, :l46 1, 083 889 'I 1, 336 I, 4Gl 1. -!72 At refineriesr§ ______thous. of bbL.______41,783 40,914 · 36,507 33, 885 33, wo oo, 421 i 28, 949 26, 340 25, 201 28, 31I 33, 221 3~. 548 Kerosene: I OonsumptionH------thous. of bbL ______--~ 4, 218 3, 6.54 3, 222 ' .f, 2fl\) I ·1, 59~ Exports ______------thous. of bbL 5:38 657 1,148 648 2. m 2. m 2, g~~ i 3, ~~~ I 3, ~~~ i 4. ~~~ I 4. ~3~ 6fll 441 Price, 150° water white, refinery, Pa. n 1 11 1 dol. per gaL . 050 .048 . 048 I . 047 . 04R I .o46 • 046 1' . 0!7 I . 049 4·, 708468 I' . 046 . 047 ! . 049 Production§ ______thous. of bbL.------~ 4,576 4,647 4, 548 4, 206 I 4, 320 4, 376 I 4, 262 4, 889 i 4, 777 5, Oll : 4, 791 Stocks, end of month§ ...... thous. of bbL ______I 4,986 4,822 : 5,470 6, 335 i 7, 062 7, 651 i 7, 539 7, 497 f 7, 199 j 6, 398 6, :lSS I G, 119 Lubricating oil: 1 I Consumptiont§ ______thous. of bbL. _____ ----. 1, 643 1, 651 I 1, 941 I, 569 j I, 491 1, 498 I 1, 387 I, 6771 I, 495 ! I, 394 I, 557 ! I, 297 Price, cylinder oil, refinery, Pa. I 1 dol. per gaL. . llO i . 220 I .220' • 219 ' • 208 I .183 .1481 .160 .146 i • 134 I .126 . 110 i .U3 Production§ ______thous. of bbL.:---- ____ .I o··~ 2,152 I 2,322 : 2, 577 ' 2, 211 I 2, 209 2, 152 2,106 2,145 'I 2, 090 I 2, 346 2, 175 ') Stocks, refinery, end ofmo§.thous. of bbL.'------ 6,837 : 6, 796 i 6, 773 6, 75: I 6, 782 6, 841 I 6, 965 6, 939 I 6, 869 ! 7, 331 7, 100 7: 4i6 Other products: Asphalt: Imports#...... thous. of short tons.. 8 ol 3 ' I I 9 Productiont§ ...... thous. of short tons .. ------156 I 205 I 250 132 Stocks, refinery, end of month ml ~~ ~~ ~ ~~ ~I ~~ J thous. of short tons .• ------3711 378 ! 382 378 Coke. (See Coke.) I ! •I -~ •I m ml w: ~~ ~ Wax: Productlon ______thous. of lb .. ______43, 120 I 39, 480 I 41, 720 35, 280 Stocks, refinery, end ofmo§.thous. of lb.• ------86,644 1 91, 763 I 101, 551 I 108,087~ml~~ ~ 115,137 . 1J9,~~~~~~~~-~~-~~~~ 702~118, 991 123,099 130,222 136,136 141,~~· 252 I 115.741 ------LEATHER AND PRODUCTS IIIDES AND SKINS I i I 12,6351 Imports, total hides and skinst#.. thous. of lb .. 20,709 22,181 i 19,907 1 12, 9fig ! 10,8791 10,0181 11,095 lfi, 879 IS, 568 Calf and kip skins ______thous. of lb .. I, 856 2i: : 1 I, 914 · 1, 900 i 808 I 806 919 658 I, 092 I, 289 I, 306 Cattle hides ______thous. of lb .. ~~~ 2~: ~~ .1: i, 402 6, 388 1, 265 5, 184 1 9, 577 8, 268 4. 571 I 2,408 2,148 3, 763 5, 342 5, 6l0 Goat skins ______thous. of lb .. 7, 598 9, 119 7, 217 ' 5, 818 5, 607 4, 355 3,906 3, 202 3, 219 2, 856 5, 752 5, s·1o Sheep and lamb sklns ...... thous. of lb .. 3,457 3, 124 4, 247 I 3,006 ' 2, 930 i 2, 5121 2,409 2, 658 2, 554 2, 397 2, 519 2, 351 Livestock, inspected slaughter: I Calves...... ______thous. of animals•. 47:3 534 526 601 : 770 i 970 831 658 495 494 512 3[10 Cattle ______...... thous. of animals .. 691 771 ' 749 I ~~~ I 932 1, 9121 1, 786 I, 408 1, 232 1, ISS 917 659 Hogs ______thous. of animals .. 2,158 3,039 4,218 I 3, 763 ' 3,323 ~:gi~ I 2,601 3, 546 4,023 4,196 3, 047 2, 40U Sheep. ------thous. of animals .• 1, 37! 1,242 ' UU' 1,244 I I, 259 . 1, 294 1, 523 1, 734 2, 609 1, 368 I, 314 I, 315 I, 137 Prices, wholesale: i Packers, heavy native steers, Chicago doL per lb .. .101 .096 I .lOS I .104 i .093 .098 .OS8 .099 .096 .099 .110 '120 . Ill Calfskins. no. 1 country, Chicago i 1?0 1 .114 . 1!3 dol. per lb .. .ll2 .121 .129 .116 1 .106 .093 .076 .093 .092 .110 Exports: LEATHER I ! I I Sole leather.••. -----·------thous. of lb.. 187 282 186 186 2il4 205 i 753 425 363 451 233 2SI I I Upperleathert • ______thous. of sq. fL 7,09! 6,144' 5, 457 . 4,336 4,918 a,sJo 1 5,043 5, 354 6, 684 6,030 5, 677 5, -12S Production: I I CalC and kip• ______thous. of skins .. , ______911 999 I I,O'l2 1,0;;6 i 1, 152 ' 1,177 970 1, 161 I, 015 1,079 a 1, lltJ Cattle hides*f------thous. of hides--~------1, 744 1, 681 1, 700 1, 634 I. 512 : I, 678 1, 474 1. 678 1, 684 I, 5q:3 ~: ~i~ Go•t ancl kid*------·------thous. of skins ______4, 358 ' 3. 919 3, 9!0 3, 49t1 3, 638 ' 3, 707 3, 290 3, 637 3, 329 3, 274 : k~b~ 3. (il'2 Sheep and lamb*H------·thous. of skins--.------~- 3, 47:) 3, 672 3,180 : 2, 641 2, 452 2, ~)34 2, 222 3,052 2, 871 2, 707 a :J, 008 3, OGG Prices, wholesale: J Sole, oak, scoured backs (Boston) .dol. per lb.. . ao . 30 . 30 . 30 .2~ . 29 . 27 . 27 . 27 .27 • 2S . 3() . 30 Upper, composite, chrome, calf, black, "B" I I grade ______dol. per sq. fLI . 320 .347 ! . 343 I . 337 ! .333 .320 ' .300 .297 . 296 • 298 . 307 . 319 . 320 • Revised. • New series. For earlier data seep. 20 of the February 1933 issue, production and stocks of residual fuel oil aud gas oil and distillate fuels, and p. 19 of the June 1933 issue, leather. t Revised series. For revisions refer to the Indicated pages of the monthly issues, as follows: Consumption of gas and fuel oils in electric-power plants for 1932, p. 43, May 1933, for 1933 revisions, p. 43, May 19H; production of residual fu~l oils and g~s oil an1 distillate fuels, stocks of residual fuel oil east of California, consumption of gaso· line, production of gasoline at natural g~s plants and refinaries, stocks of gasoline at refineries, consumption of kerosene and lubricating oil, and production of asphalt for 1932, p. 56, November 1933; retail distribution gasoline in 41 States for 1932, p. 43, May 1933. for 1933, p. 43, May 1934: production of cattle and sheep and lamb hides, p. 44, April1934: imports of total hides and skius and exports upper leather for 1932, p. 43, June 193'!. # See footnote on p. 35 of this issue. Imports also revised for 1933. Seep. 20 of the October 1934 issue. • Data revised for 1933. Seep. 20 of the September 193! issue. t Data revisecl for 1933. See p. 20 of the January 1935 issue. 0 New basis due to reclassification of motor-fuel stocks. f Data on production of sheep and lamb, from 1927-34 have been re'l'ised. ReYisions not shown on p. 44 of the April 1935 issue will appear in a subsequent issue. May 1935 SURVEY OF CURRENT BUSINESS 45 Monthly statistics through December 1931,11935 1934 I 1935 together with explanatory footnotes and refer· --- I I , , 8 0 1 1 r:~~:~9~~eA~_~u"~ s !P_Ihp!e~!';;t%aih~ei:r'!.!dy March Mar.ch April May I June I July August ISeptem-loctober Novem- Decem- 1 January! Febru- 1 1 1 1 ber 1 1 ber 1 ber ~--~-_!_~ LEATHER AND PRODUCTS-Continued -~--~------~-,------,,---- LEATHER-Continued Stocks of cattle bides and leathers (all kinds) end of month: Total*----· ------thous. of equiv. bides .. ------14,515 14,374 14, H4 14, S52 15, 21G 16, 05'i 16,751 17, 29G 17,893 17,893 a]8, 265 18,244 In process and finished • tbous. of equiv. bides.. 10,455 10,360 10, 291 10.321 10, 120 10,037 10,253 10, 507 10,830 10,830 a !1, 267 11,415 Raw• ------thous. of equiv. bides .. ------4, 060 4, 014 4, 153 4, 531 5, 096 6, 020 6, 498 6, 789 7, 063 7, Oli3 a 6, 998 6,829 LEATHER MANUFACTURES Gloves and mittens: Production (cut). total* ______dozen pairs .. ------187,058 226,267 192, 446 209, 337 19(), 371 141,:m 141,124 177,442 Dress and semidress• ______dozen pairs .. 119, 189 146,879 121, 183 134,592 131, 082 81\,735 74, 649 100,424 Work*------•.. ------dozen pairs .. 67,879 79,388 71, 263 74, 745 65, 289 54, fi42 66, 475 77,018 Shoes: Exports. ------thous. of pairs .. 92 100 76 75 90 88 88 73 72 77 49 40 55 Prices, wholesale: Men's black calf blucher, Boston ______.dol. per pair .. 5. 50 5. 50 5. 55 5.50 5.50 5. 50 5. 50 5.50 5. 50 5. 50 5 ..50 5. 50 5, 50 Men's black calf oxford, lace, St. Louis ______dol. per pair .• 4. 15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4.15 4. 15 4. ].) 4. 15 4.15 Women's colored calf, Goodyear welt, ox- ford, average ______dol. p~r pair.. 4. 00 4.00 4.00 4. 00 4. 00 4.00 4. 00 4.00 4.00 4.00 4. 00 4. 00 4. 00 Production, totalt -·····-----thous. of pairs __ v 32, 399 35, 554 34,425 34,060 28,544 28, 39·1 35, 624 28,184 28,709 23,852 23,200 a 29,007 a 29,833 Men'st------··-thous. of pairs .. 8, 673 8, 427 8, 219 7, 587 6, 734 8, 616 6, 969 7, 634 6, 939 6, 563 a 7, G77 i, 540 Boys' and youtbs't------thous. of pairs __ 1, 503 I, 506 1, 540 1, 470 I, 452 I, 7.17 1, 321 1, 512 I. 252 1, 194 1,381 1, 273 Women'st------tbous. of pairs __ 14,083 13, 222 12,870 9, 553 11,844 1.5, 025 10, 564 8,804 fi, 147 7, 746 a II, 897 12,394 Misses' and cbildren'st .... thous. of pairs __ 3, 686 3, 271 3,185 2, 757 2, 647 3,157 2, 630 2, 771 2, 293 2, 401 a 3, 078 3, 115 Slippers, all typest ______thous. of pairs .. 3, 565 3, 639 4, 072 3,899 3, 333 4, 240 4, 279 5, 212 4,827 2, S92 a I, 734 2,087 All other footweart ______thous. of pairs __ 4,041 4,359 4, 173 3, 268 2, 383 2,828 2, 421 2, 775 2, 394 2. 404 "3,239 3, 424 LUMBER AND MANUFACTURES I I , I LUI\IBER I I I Exports (boards, planks, and scant- lings)••------M ft. b. nL- 1 101,200 83,453 109,919 60,991 53,8791 62,4521115, 1451 92, 933 104, 126 93,860 1106,766 i 91, 7281 Retail movement: 1 Retail yards, Ninth Fed. Res. Dist.: Sales.·------M ft. b. m.. 3, 340 a 3, 307 4, 4~0 6,467 6,6561. 9, 251 10,290 7, 7771 4, 019 3,4031 2, 738 Stocks, end of montb ______M ft. b. m.. 66,658 • 66,932 62,857 63,800 62,665 I 61,864 57,614 55, 1a1 1 53,948 58,442 03,831 Retail yards, Tenth Fed. Res. Dist.: 6~: ?~! 6~: ~~r Sales ______M ft. b. m.. 2, 317 2, 059 2, 300 2, 268 2,083 I, 200 2, 103 1 2, 278 2,801 2 499 I 1,626 1, 735 1 I, 689 Stocks, end of montb ______M ft. b. m .. 26,082 28,351 28,052 27,760 27,7341 26,548 26,221 25: 929 1 25,399 25, 5S·i 25,895 ! Flooring I Maple, beech, and birch: 1I 1 Orders: 2,886 6,438 3,037 4,437 3, 2831 ·:: ':: ~~~ 3,165 3,395 2, 905 i 2,669 i 4,122 1, 630 ~~'fi'lle Monthly statistics through December 1931, 1935 1934 1935 together with explsnalory footnotes and refer- ---- i ences lo the sources of the data, may be found March April May I July August Septem-1 October Novem·l Decem· Febru· in the 1932 Annual Supplementlo the Survey March I June I I I ber I ber ber January I ary I I I I LUMBER AND MANUFACTURES-Continued LUMBER-Continued Softwoods-Continued Fir, Douglas-Continued I Price, wholesale: , I . i I No. 1 common...•..•. dol. perM ft. b. m.. 16.00 19. oo 1 19. oo I 18. oo : 18.00 18.00 : 18.00 i 16. 00 16. oo 1 16. oo 16. oo 16. oo · 16. oo Flooring, 1 x 4, "B" and better i I dol. per M ft. b. m .• 34.00 37.00 'I 37.00 I 37.00 : 37.00 ' 37.00 : 30.00 ' 34.00 34. oo I 34. oo 34. oo 34. oo 34. oo Production1••.••...•.....•.....• M ft. b. m .• 145, O:l8 150, 857 '. 152, 64811 132, 056 77,443 69,833 i 144,143. 140,561 129, 370 ! 122, 656 103, 407 . 110, 569 144, 143 Shipments, ••••....•...•.•...... M ft. b. m .. 141,009 131, 161 1136, 980 106, 988 68,042 65, 804 i 162, 049 144, 590 113, 703 I 123, 998 113, 703 118, 627 149, 067 Hemlock, northern: Production ...•.....••...... M ft. b. m .. ------· 6, 474 I 6, 588 5, 658 10,159 11,550 7,861 5, 920 Shipments...••••.•••.••••.••... M ft. b. m .. ______1. 699 I 1. 631 _ 8, 734 , 8, 726 6,157 10,046 10,198 1i:&rll::::::::: ::::::::: ::::::::: ::::::::: Pine, northern: Orders, new••.•...... ••.•••••.. M ft. b. m.. 1 4, 510 6, 2721 5, 9241 6, 970 : 8, 794 5, 341 6, 754 4,198 6, 5031 o, 044 4, 718 5, 530 5, 532 Production .•..•.....•...... ••• M ft. b. m.. 2,004 4, 928 4, 356 8, 933 ·. 11, 134 ' 11,266 ! 8, 664 5,189 3. 266 1, 014 608 667 1, 529 Shipments...•.....•...•...... M ft. b. m.. 6, 355 7, 612 6, 384 6, 000 . 8, 317 7, 482 . 6,902 6, 457 7, 755 5, 526 4, 237 5, 097 5, 303 Pine, southern: . I , Exports: Lumber§••••.•...... ••••.•.. M ft. b. m.. 21,311 26, 5491 27' 735 II 23, 113 ! 26, 604 26,502 26,698 : 22,129 22, 884 II 23, 386 24,851 23, 576 21, 576 Timber§ ••...... •• M ft. b. m.. 4, 937 6, 491 1 3, 725 8, 885 ' 6, 506 9,557 7, 754 ' 1(1, 082 9, 474 6, 471 7, 450 9, 234 8, 652 Orders: i New.....•...... •••. M ft. b. m .. 110,449 133, 794 II 110,348 I 121,028 100,863 90,796 113,561 I 99,840 113,800 1101,585 72,842 106, 173 1n2, 395 Unfilled, end of month...... M ft. b. m .• 55,898 87, 681 97,498 82,514 76, 326 77,599 64,366 58,987 6 5 4 1 4 5 5 Price, flooring .••••••.•. dol. perM ft. b. m .. 34.55 38. 16 : 38. 28 37. 86 38.02 36.55 34.77 34.97 ~4~~~ 1 ~5~~~ ~5 86 ~4 ~8 ~4~~r Production.••...... •••. M ft. b. m .. 103,471 124,469 1 116, 615 111, 665 101, 606 99,222 . 98,961 97,928 102,324 I 96, 49o 79, 258 99, 548 101, 578 Shipments...... M ft. b. m .. 110,283 117,391 i 108,320 122,202 1 115, 461 96,295 113,913 103,908 114,402 [108, 715 74, 603 102, 401 100, 7.12 Redwood, California: t I Orders: New ...... M ft. b. m .. 26,578 26, os3 I 19, 211 23, 300 17,958 15,834 19,704 21' 168 22, 811 I 20,424 15,932 27, OG9 24,380 Unfilled ...... M ft. b. m .. 27,717 32,222 1 30, 693 , 33.740 32,769 29,534 24,946 ' 21,930 16,873 I 16,868 14,604 24, 621 29, 767 Production .•...••.....•.•...... M ft. b. m .. 22,697 25, 184 24, 482 26, 199 25,880 20,647 . 25, 930 ! 25, 449 28,215 I 26,345 21,242 19,868 22,915 Shipments.••...•...... •.••.... M ft. b. m .. 28,:328 21,755 I 20, 644 20, 147 19, 402 18,156 i 25,444 23,991 25,2041 19, 755 17,934 16, 549 18, 311 FURNITURE I Household: ! All districts: 1 Plant Jperations* ....•.percent of normaL.! 47.0 30.0 ; 30.0 30.0 32.0 35.0 39.0 42.0 39.0 39.0 43.0 41. o 1 Grand Rapids district: 1 42.0 I Orders: , Canceled...... •.. percent of new orders.. 1 6.0 7.0' 9. 5 8.0 7.0 5. 0 5.0 5.0 6. 51 6. o I 13.5 3. 0 4. 5 New ...... no. of days' production .• ] 9 8, 5 7 7 9 8 9 10' 10 I 5, 16 9 Unfilled, end of month 1 no. of days' production .. , 11 6 7 9 9 9 8 91 13 13 I 5 i Outstanding accounts, end of month '1 no. of days' sales .. 17 18 I 18 15 15 16 17 18 161 15 16 17 Plant operationst.••.. _percent of normaL. i 39.0 29.0 I 27.0 2/g I 19.0 22.0 24.0 25.0 25.0 32.0 31.0 34.0 Shipments ...... no. of days' production .. I 9 8 . 7' 61 5 7 8 8 10 34 gI 7 : 8 Southeastern district: I Orders, unfilled, end of month ! dol., average per firm __ ,______27, 627 18, 911 18, 9341 26, 360 : 40,317 34,759 32,674 24,234 19,071 ! Shipments .•...... dol., average per firm .. [...... 58, 196 46,177 44, 612 i 30,821 46,943 63,349 60,211 64,616 46,121 I ~i: ~i~ 1::::::::: ::::::::: Prices, wholesale: i Beds .•...... _.....•.•...... 1926= 100 .• 1 68.5 76.1 74.9 73.21 71.5 : 11.51 71.5 71.5 71.5 68.4 : 68.4 68.5 D!ning-roo~ chairs, set of 6•.... 1926=100.. 1 89.9 90.1 90.1 90.1 1 90.1 96.1 1 90.1 90.1 90.1 ~8:~ I 90.1 ; 90.1 89.9 Kitchen cabmets •...... •••••.. 1926=100.. 1 86.0 87.5 ' 87.5 87.5 I 87.5 ' 87. 51' 87.5 87.5 87.5 87.5 I 84.1 ; 87. 5 81. ~ Living-room davenports...... 1926= 100 .. 1 76. 6 79.41 79.4 79.4 i 79.4 79.4 79.4 79.4 79.4 76.61 76.6 i iG. 6 76.6 Steel furniture. (See Iron Rnd Steel Section.) 1 I METALS AND MANUFACTURES IRON AND STEEL I i ' I I I I Foreign trade, iron and steel: I Exports§...... •... long tons .. 323,035 23681,. 329639 ' 201, 539 . 241, 753 219,406 233,186 I. 242,947 I'. 301,330 I 220,209 i 299,263 11282,6551262,740' I 228, 537 Imports*#...... long tons.. l21, 409 26, 862 29, 465 24, 858 ~m1~m1~w ~~r~m ~~ ~~ 2S, 905 Price, Iron and steel composite * I 1 I dol. per long ton.. 32 36 31.38 32.67 32.117 a2. 96 , 32. 32 i 32. 24 ~ 32. 15 1 32. 10 1 32. 15 32. 39 I 32. 58 32. 54 Sales, iron, steel, and heavy hardware 1 99 ' 105 114 (') Iron ore: Ore January 1921=100 .. (!J ~· ~I ~: ~ I ~ I ~ I ~ I ~ Consumption by furnaces 1 ' I I I I thous. of long tons .. 2, 583 2,190 i 2,470 2,958 2, 721 1,600 1, 444 I 1, 2361 1, 306 I 1, 2981 1, 506 I 2, 280 Imports# ...... •...•... thous. of long tons •• 1 95 79 ' 128 202 188 ' 196 ~ 77 ~ 73 Receipts: W! M Lake Erie ports and furnaces 1 I I 1 tbous. of long tons .. l 0 0 1,468 3,118 i 3,362 3, 092 2, 343 I' I, 761 421 I 0 I 0 0 Other ports ...... thous. of long tons .. 0 0 683 i 1, 151 1,090 1, 147 1. 025 960 257 o I o 0 Shipments from mines .. thous. of long tons.. 0 0 2, 631 i 4, 461 4, 432 4, 162 3, 439 I 2, 641 484 I 0 0 0 Stocks, total, end of month , thous. of long tons .. i 26, 932 a 28, 996 : 26,581 25, 598 27,043 29,961 32,713 34, 914 I 36, 341 3s, s74 I 34, 373 32, 027 ' 29, 558 At furnaces ...... thous. of long tons .. ] 22,362 a 24,014 22,010 21, 218 ' 22, 700 25, 461 27,858 21), 713 I 31,056 30,625 I 29,218 27,004 24, 690 Lake Erie docks ...... thous. of long tons .. ' 4, 5GD 4, 982 4, 571 4, 380 4, 343 4, 500 4, 856 5, 201 I 5, 285 5, 249 1 5, 155 5, 023 4, 868 Manganese ore, imports (manganese content)•! tho us. of long tons .. ! 13 20 49 ' 48 30 21 13 11l 13 14 5:I ' Iron, Crude and Semimanufactured I . I Castings, malleable: • i Orders, new .•...... •...•...... short tons .. ; 40,237 42,961 38,453 32, 639 24, 499 21,862 21,306 19, 5ll 18, 785 28,, s3o [ 36, 505 44. 56~ 41,225 Production ...... ••...•....short tons .. ~ 42.808 43,438 40,742 37, 165 28,340 23,388 23,910 21, 541 25,317 28 515 1 32,746 43, 400 41.377 Percent of capacity------' 52.0 49.9 47.9 42.7 33.4 27.6 27.8 25. 6 ao. 3 33. 5 'I 38.7 50.8 49.9 Shipments•...... •..... short tonS .• ' 42,975 41,530 39,817 39, 493 ' 31, 607 2i, 591 26,784 20,360 21, 683 21, 615 I 29, .)93 41, IS~ 37, 650 Pig iron: ! i Furnaces in blast, end of month: i I Capacity...... long tons per daY--! 57,295 53,720 63,270 67,300 48, 190 35, 585 31,295 28, 215 31, 310 29, 395 i 37, 6i5 54, 605 5G, 695 Number.....•..•••.•.•.••..•...... ••...•.. ! 98 96 llO 117 89 . n ~ ~ M WI WI 96 f16 I Temporarily discontinued. a Revised. • New series. Earlier data on furniture activity, all districts, prior to Apri\1933 not published. For imports of iron and steel, seep. 20 of the November 1932 issue; for castings, p. 20 of the Apri\1933 issue. New series on iron and steel composite price are shown on p. 19 of the Jnnuory 1935 issue. § Data revised for 1932. For revisions, seep. 45, exports of southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised for 193<; seep. 20 of the September 1934 issue. t Revised. Data prior to April1933 not published. t Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included • Imports from Cuba not included. # See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue. , Data for March, June, August, and November 1934 and January 1935 are for 5 weeks; other months, 4 weeke. May 1935 SURVEY OF CURRENT BUSINESS 47 ---=--·~-=._==-=-=-======c==T======;==-=--~=---- Monthly statistics through December 1931, 11935 1934 1935 together with explanatory footnotes and refer- --- I ences to the sources of the dats, may be found M h M h [ A May June j July August Septem·j Octo her Novem·j Decem- January Febru· in the 1932 Annual Supplement to the Survey arc arc pr11 I I I i~. ber I ber ber I ary 1 METALS AND MANUFACTURES-Continued IRON AND STEEL-Continued I Iron, Crude and Semimanufactured- Continued Pig iron-Continued I Prices, wholesale: Basic (valley rurnace) ...dol. per long ton .. 18.00 17.00 17.25 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 18.00 Composite pig iron ...... dol. per long ton .. 18.94 17.94 18.36 18.94 18.94 18.94 18.94 18.94 18.94 18.94 18.94 18.94 18.94 Foundry, no. 2, northern (Pitts.) dol. per long ton .. 20.39 19.39 19.64 20.39 20.39 20.39 20. 39 20.39 20.39 20.39 20.39 20.39 20.39 Production ••..••••••..•. thous. of long tons •. 1, 777 1,620 1, 727 2,043 1,930 1,225 1,054 898 951 957 1,028 1,477 1,609 Iron, Manufactured Products Cast-iron boilers and radiators: Boilers, range: t Orders: New ------number of boilers •. 46,320 39,974 39,326 35,683 34,627 33,576 36,006 51,734 64.211 57,566 44,906 68, lOG 53,897 Unfilled, end of month, total number of boilers .. 12,723 14,368 17,013 11,338 11,818 9, 738 9,993 12,724 10, 195 9, 740 16,329 19,357 15,892 Delivery, 30 days or less number of boilers .. 12,723 12,044 13, 101 8,688 9,150 7,844 8, 695 11,878 9,492 9, 355 16, 329 19,357 15,892 Delivery, more than 30 days number of boilers .. 0 2,324 3,912 2,650 2,668 I, 894 1, 298 846 703 385 0 0 0 Production .• ______number of boilers .. 51,891 49, 100 35,960 41,021 34,741 33,255 37,735 45,375 63,434 59,673 40,337 63, 879 57,294 Shipments ______number of boilers.• 49,489 46,301 36,681 41,358 33,180 33,746 35,751 49,003 66,740 59,439 37,471 04,\104 57,362 Stocks, end ofmonth •.. number of boilers .. 32,777 35,186 34,465 34, 128 34,902 33,869 35,853 32,225 28,919 29, 153 35,446 30, 443 30,375 Boilers, round: Production ... ------thous. of lb .. 4, 348 4, 913 3, 982 4,133 3,342 2,691 4,195 3, 886 5, 762 4,391 2, 946 3, 233 3. 8.10 Shipments. ------·-·-----thous. of lb .. 2,102 2,827 2,544 2,6b9 2,361 2, 592 4, 571 6, 258 10,652 5,330 3,626 2, 666 2, 4Y4 Stocks, end of month. ______thous. of lb.. 36,500 40,558 42,012 43,685 44,544 44,739 44,437 42,035 37, 136 36,218 32,366 32,826 34, 221 Boilers, square: Production ______thous. of lb .. 16,858 15,255 11,965 15,014 15,498 11,652 15, 554 15,030 18,833 19,783 13,099 16,457 15,917 Shipments. ------thous. of lb.• 6, 964 8, 241 8, 287 8,332 10,029 11, 172 17,890 25,208 34, 185 19,353 13,436 10,604 II, 275 Stocks, end of month ______thous. of! b .. 117,918 108,077 111,800 118,411 123,956 124,414 121,973 111,740 96,329 96,933 96,554 101,340 108, 115 Boiler fittings, cast iron: Production.------______short tons .. ------4,178 3, 667 3, 557 3,495 3,333 3, 914 4, 225 6,045 5, 995 4, 298 4, 690 4,190 Shipmonts ______short tons .. ------3,184 3, 564 3,604 3,586 3, 523 4,651 4, 655 5, 943 5,027 3,060 4, 750 3,865 Boiler fittings, malleable: Production ______...... short tons .. ------2, 730 2,450 2,856 2,436 2,282 2,174 2, 383 2,838 2, 984 2,992 3, 1G3 3. 181 Shipments ______•...... short tons.. ------2,094 2,175 2, 570 2,445 2,180 2,484 I 2,354 2,890 3,090 1,914 3, 205 2, 704 Radi!>tors: Production thous. of sq. ft. heating surface •. 4, 648 2, 923 2,663 3, 969 3,964 3,483 4,282 4,011 4, 680 5,208 3, 632 4, 6711 4, 343 Shipments. thous. of sq. ft. heating surface .. 2,023 2,182 2, 682 2,630 3,197 3,136 5,336 6, 262 9, 282 6,456 4,482 3, 117 2, 787 Stocks, end of month thous. of sq. ft. heating surface.• 30,568 31,365 31,389 32,775 33,537 33,867 32,969 30,885 26,517 25,473 24,786 26,178 27,845 Radiators, convection type: • New orders: Heating elements only, without cabinets or grilles thous. of sq. ft. heating surface t .. 48 77 30 45 52 77 62 44 94 124 115 81 43 Heating elements, including cabinets and grilles thous. of sq. ft. heating surface t .. 87 97 135 95 122 128 178 !58 196 131 182 93 66 Sanitary Ware Bathroom accessories: t Production ...... number of pieces .. 78,640 167, 684 108,593 233,176 222,872 156,270 205,380 349,072 143,483 202,354 267,293 75,310 121,190 Shipments ______number of pieces .. 75,147 161,893 106,716 219,629 223,461 150, 739 211,005 328,010 133, 574 195,289 271,912 M,305 Ill, 005 Stocks, end of month .•... number of pieces .. 374,749 374,420 376,297 383,646 383,557 383, 161 375,376 376,512 371,499 370,036 358,472 363,755 360,605 Plumbing brass. (See Nonferrous metals.) Plumbing and heating equipment, wholesale price (8 pieces)* ___ ·------·------dollars .. 200.86 203.50 217.40 216.88 218.91 217.88 218.16 211.26 207.03 206.89 206.50 206. 07 202.61 Porcelain enameled flatware: Orders, new, totaL ______dollars __ S29, 084 731, 321 817,818 899,506 736,858 594, 146 719, 146 636,811 713, 141 563, 137 525,540 689,715 692,358 Signs._. ------dollars .. 223.860 197,691 286,555 343,340 266,811 226,883 306,463 193,716 248,598 180, 523 193,535 3!8, 343 235,427 Table tops .. ----- ___ ------______dollars._ 181,437 105,844 119,387 112,965 107,398 110,079 145,494 220,279 178,245 133,900 111, 188 149,384 153,431 Shipments, totaL .. ______dollars .. 864, 145 715, 665 722,258 842, !56 826,975 738,460 740,802 652, 158 764,436 583,567 530,050 594,427 637, 165 Signs._ --·------dollars .. 278, 110 231,974 215,673 302,888 307,511 364,752 332, 917 232,206 269,665 199,652 204,527 219, Ui2 190,316 Table tops.----- __ ------_ ••.•... dollars .. 167, 296 114,041 117, 335 110,862 116,601 106,273 145,001 195, 541 205,059 131,993 106,772 152, 409 142,380 Porcelain plumbing fixtures: Orders: New, net. ______number of pieces __ 2, 641 1, 455 1, 787 1, 822 1, 722 1, 785 2, 723 2, 017 2,427 2, 582 1, 269 1,620 I, 013 Unfilled, end of month .. number of pieces .. 3, 535 6,888 6, 276 5, 277 4,852 4,390 4, 333 3, 854 3, 298 3,667 3,020 2, 97~ 2, 720 Shipments ______number of pieces __ I, 790 2, 594 2, 074 2,3M 1, 769 I, 954 2, 542 2,198 2, 771 2,110 I, 300 I, 50!1 I, 236 Stocks, end of month ..... number of pieces.. 9, 917 8,951 9,140 10,422 10,981 10,762 9, 626 8,847 7,873 7, 610 9, 703 9, 660 9, 960 Vitreous-china plumbing fixtures: , Orders: New, net. .. ______number of pieces.. 243, 29G 62,437 96,347 120,033 130,757 111, 496 130,449 139,012 258, 657 183,982 234,350 183,281 301, 925 Unfilled, end of month .number of pieces .. 374, 217 76,362 81, 133 88,478 105,208 98,924 107,020 113, 991 165, 687 183, 152 283,202 2fi2, 363 369, 128 Shipments ______number of pieces.. 238,207 79,003 91,576 112.688 114,027 117,780 122, 353 132,041 206,961 166,517 134,300 204, 120 195, 160 Stocks, end of month .....number of pieces .. 316, 705 697,571 710,206 708,871 692,644 676,061 656,033 615,467 519,867 482,685 489,729 426, 570 380,756 Steel, Crude and Semimanufactured Bars, steel, cold finished, shipments.short tons .. 34, oso 27,838 28,885 30,809 29,940 18,130 17,622 14,304 18,500 17,923 24,049 31,783 31,903 Castings, steel: • A Orders, new, totaL ______short tons .. 30,723 60,046 63,142 46,831 41,537 41,822 25,538 20,030 24,327 21, 552 27,312 32,349 31,725 Percent of capacity ------· ____ 258 38.3 40. 3 29. g 26.5 26.7 16. 3 12.8 15.5 13.8 17. 4 2i. I 26.6 Railway specialties ...... short tons .. 7, 959 26,758 32, SIS 16,812 10,408 22,407 5, 697 4, 417 5, 538 4, 283 8,128 6, s:1;; 5, 490 Production, totaL ______sbort tons __ 31.\140 39, 491 46, 242 57,313 DO, 268 46,182 43,748 31,816 29, 142 25,799 23,916 29, 035 29,687 Percent of capacity·------2o. s 25.2 29.5 31l. 6 '!2.1 29.5 27.9 20.0 18.6 16.5 15.3 24.3 24. g Railway specialties ______short tons .. 7, 585 12, 174 18,324 23,309 18,904 17,661 17,741 11, 1521 9, 309 7, 218 5, 142 6, 052 G, 181 In~~;ots, steel: § Production ...... thous. of long tons .. 2, 831 2, 761 2, 898 3, 353 3,016 1, 473 I, 364 I, 252 1,462 1, 589 1, 942 2,~34 2, 742 Percent of capacity--·------· 49 46 53 56 53 27 23 23 I 25 I 28 35 47 52 • New series. For earlier data, seep. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior to January 1932 not published. tIn equivalent direct radiation. t Revised series. !or earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue. 1Data for 1933 revised; seep. 47 of the August 19:!4 issue. For !932 revisions. seep. 46 of the July 1933 issue. New senes; see footnote on p. 20 ot the Octo her 19:l4 issue 1 Revised se_ries. Data revised starting January 193:3, seep. 47 of the April1935issue; revisions for 1933 will be shown in a subsequent issue. A Steel castm~ senes revised January 1a35 by the increase of the number of comp~nies from 164 to 180; comparable data not completed for 1934 and earlier years. Figures for 1M compames m January 1935 were new orders, total 31,816, percent of capacity 20.3; new orders, railway specialties, 6,835; production, total, 28,519, percent of capacity 18.2, production, railway specialties 6,052. 48 SURVEY OF CURRENT BUSINESS May 1935 Monthly statistics through December 1931, J 19351 1934 ) 1935 logether with explanalory footnotes and refer- ~~- !lnces 1o the sources of the data, may be found March March I April I May I June ! July I August I Septem-• October INovem·l' Decem- January I Febru- ~~n~th~e~19~3=2~A~n~n~u~a~l~S~u~p~p=le~m=e~n~t~lo~th=e~S~ur~v~e~y~~~~~~~~~~~~~~~-~~~~~~~~~- ber 1 ber ber ary METALS AND MANUFACTURES-Continued IRON AND STEEL-Continued I Steel, Crude and Semimanufactured- I I Continued I I I Prices, wholesale: I Composite, finished steeL ..•.•.• dol. per lb •• .0244 .0231 .0210 .0253 .0253 .0246 .0244 .0244 . 0244 . 02441 .0244 . 0244 .02H Steel billets, Bessemer, Pittsburgh dol. per long ton .• 27.00 26.00 26.75 29.00 29.00 27.40 27.00 27.00 27.00 27.00 27.00 27.00 27.00 Structural-steel beams, Pittsburgh dol. per lb •• . 0180 .0170 .0170 .0185 .0185 .0181 .0180 .0180 . 0180 . 0180 .0180 .0180 . 0180 Steel scrap, Ch!cago ••••dol. per gross ton .. 10.50 12. 1:! 11.75 10.95 9. 75 9.55 9.19 8.50 8. 75 9. 25 10.31 11. so 11. 25 U. S. Steel Corporation: _.., ______~ Earnings, neL ••••.•.•••.•.••• thous. of doL. 12,428 6, 579 21,082 3, 769 ------3, 762 ------Shipments, finished products• ___ long tons •• t1G8, 056 588,209 "643; ii09"1"745;iiii3" 985,337 "369;938" 378,023 370,306 343,962 365,119 418,630 53.!, Q.j,j SteeL 1\lanufactured Products Barrels, steel: Orders, unfilled, end of month .•.•• number __ 1,081,321 726,569 820,884 865,012 935, 651 684,403 605,573 596,694 460,880 330,593 452,930 1,171,99<1 11 1 1;)8, 308 Production._ ---·---·------number __ 462,771 620,439 589,182 431,567 612,695 519,444 316,340 363,885 524,232 421,003 373,850 390, 4.Ju 355,220 Percent of capacity------34. I 46.0 43.6 30.1 42.8 36.7 22.3 25.5 35.7 29.6 26.4 ~10. 0 26.2 Shipments.. ___ ------·------number __ !64, 078 628,485 590,337 426,175 607,692 528,847 318,678 368,771 516,684 419,500 374,024 3(H, 232 303,418 Stocks, end of month •••••••••••••• number .• 26. 150 31,396 30,241 35,633 41, 158 31,755 29,461 24,575 32, 123 33, 626 27,328 26, 555 28. 357 Boilers, steel, new orders: ,.,.. ______------""'~- ,, " •--~ 636 376 441 277 360 385 566 539 416 287 260 :l'J2 282 Quantity ______number of boilers .. 4!o 294 380 304 415 458 597 626 696 447 331 329 ' 296 Furniture, steel: I Business group: Orders: I New __ ------thons. of dol..l 1, 222 1,020 972 1,039 1,115 866 870 813 993 1, 026 1,063 1,184 1,108 Unfilled, end of month ....thous. of doL. 709 975 1,013 975 1,044 1,047 815 668 664 651 619 663 707 Shipments ______thous. of doL. 1, 221 956 934 1, Oll 1,0·16 863 1, 101 879 998 1,039 1,090 1, 13V l, 064 Shelving: .. I Orders: New ------thous. of doLl 307 396 321 343 253 222 206 209 258 258 219 273 267 Unfilled, end or month .•.. thous. of doL[ j75 272 246 301 200 191 172 120 154 196 164 192 208 Shipments ______thous. of dol.. 340 395 346 288 354 231 226 261 224 217 208 24.5 251 Safes: Orders: New ------thous. of doL !G3 158 154 159 186 136 162 118 147 161 190 160 142 Unfilled, end of month ____ thous. of doL. ~2~ 166 157 160 194 200 196 177 181 216 230 24.5 21J Shipments •.•..•••.•.•.•.•.. thous. of doL U7 166 164 161 153 130 166 130 142 126 172 145 176 Lock washers, shipments •..•.•.. thous. of doL. 2;).) 231 246 238 201 171 162 87 130 12g 171 277 241 Plate, fabricated steel, new orders, total short tons •• 16,832 38,924 20,085 21,891 27,395 12,.523 16,293 15, 108 16, 581 16, 629 26,025 18,778 15,064 Oil storage tanks ______short tons .• 2,377 2,202 2,998 8, 746 11,019 2,028 3, 334 3,445 927 3, 252 5, 18.5 I, 389 2, 531 Sheets, black, blue, galvanized, and full fin- ished: Orders: New_ .. ------·-·-·----short tons.. 19:l, 057 158,244 272,412 246,315 114,855 72,517 66,064 77,063 102,920 133,344 193,130 321, s:ll IB3, :)22 Unfilled, end or month •.•••.•. short tons.-1214, 6S5 159,672 251,123 257,845 74,392 69,472 64,270 67,062 77,423 100, 745 158,456 ~10, 012 248,831 Production, totaL ....••••..•••.• short tons •. 227, OS2 220,282 214,522 256,537 199, 438 85, 286 77, 197 76,0:11 104, 898 143, 057 159,740 235, ~14 219,062 Percent of capacitY------711 67.8 66.0 79.0 61.4 26.2 23.8 23.4 32.3 44.0 49.2 74.0 'il. 5 Shipments._ ------short tons .• ::!33, ·l-16 200,701 184,0-12 240,730 301,832 85,442 77,706 0'3.260 95,107 108,880 141,566 205, H1.5 201,0.34 Stocks, end or month, totaL ••.•.short tons .. lOS, 2GO ll4, 934 135, 796 137,510 106.950 110,400 109,282 99,888 102, 264 107, 5.50 104,720 105, L~2 108. 7S8 Unsold stocks ______short tons .. 5V, 757 57,722 53,683 48,714 56,666 71,362 71,968 M, 398 63, 667 65,400 64,393 lj{J, 117 G2, 02,1 Tin and terneplate:• Production ______thous. or long tons .. 190 161 160 166 150 80 115 85 93 83 90 " 150 Track work, production ••.•••.•.•• short tons .• 3, 4-!0 4, 446 6,132 5, 764 6, 184 5, 226 5,364 3,3qg 2, 153 2, 065 2,272 2, 2, o92 MACHINERY AND APPARATUS i Air-conditioning equ!pment:t I Orders, new, totaL..•••.•.•.•. thous. of doL. 1, 111 9!1 1, 201 1, 284 1, 26:1 1, 299 1, 267 l, 19~ 1, 501 1, 592 1, 328 1,106 ' Air-washer group ______thous. of doL. l(H 2J8 28;l 324 266 27:l 197 147 89 152 127 !J3 ~'an group ______thous. of doLj 57"; 390 573 574 637 602 519 467 590 575 459 485 Jl[onthly statistics through December 1931,119351 1934 I 1935 together with explanatory footnotes and refer------,------,----.------:-----,------,----,---,-~---;-~--- ~nces to the sources of the data, may be found March March April May June July August ISeptem-1 October Novem- Decem- January Febru- tn the 1932 Annual Supplement to the Survey I I I I I ber ber ber ary 1 1 MET.ALS .AND M.ANUF.ACTURES-Continued MACHINERY AND APPARATUS-Con. Pumps: Domestic, water, shipments: , Pitcher, band, and windmiiL .•...• units.. 30,601 33,421 30,335 34,193 39, 1fi2 36,771 39,.552 26,022 25, 127 21,702 31,151 36, 482 36, 433 Power, horizontal type •••...... units .. 788 720 607 854 785 971 910 696 732 545 541 615 690 Measuring and dispensing, shipments: Gasoline: Hand operated. ------Units .• 671 849 685 692 773 488 620 538 611 563 419 366 a 445 Power __ ...... •.. ___ ••• units .. 3, 651 1,879 2, 745 3,327 2, 712 3, 193 2, 630 1,867 2, 240 2, 306 1, 794 2, 501 a 3, 002 Oil, grease, and other: 4, 503 5,119 HandPower operated. ______------units units .. 6, 678 6, 960 5, 526 5, 242 5,092 4,860 5, 942 5, 591 4, 490 6, 069 5,133 607 404 613 608 579 488 614 614 766 ' 422 339 485 442 Steam, power, and centrifugal: Orders: New ------thous. of doL 897 727 654 665 703 541 580 637 663 615 630 698 777 Water-softening apparatus, shipmentsn.units .. 50U 344 400 510 ' 360 304 344 383 440 321 350 420 395 Water systems, shipments t , ______units .. 7, 5ill 7, 133 5, 855 8,254 9, 740 7,056 8, 204 5, 270 5,574 5,570 4, 632 13,3133 6, 679 Woodworking machinery: Orders: Canceled .•...... ••.. thous. of doL. ------6 ------3 2 5 1 4 4 4 1 10 New ------thous. of doLl ______292 256 244 237 252 262 172 222 243 244 312 302 Unfilled, end of month ...... thous. of doL------250 263 225 233 297 312 241 228 249 247 313 340 Shipments: Quantity----- ___ ------______machines .. ----- ____ 199 143 172 123 127 148 199 152 114 114 131 167 Value ______thous. of doL.------342 247 292 220 186 239 242 227 214 236 241 2137 NONFERROUS METAI,S AND PRODUCTS I I :Metals Aluminum: Imports, bauxite#______long tons .. 10,716 13,534 10,576 113,685 13,394 13, 249 12,985 14,463 16, 749 14, 130 12, 587 19,21 J 7, J9J ·wholesale prices: (2) No.1, virgin, 98-99 (N.Y.) ___ Price, electrolytic (N. Y.) ______.dol. per lb __ 0 0871> .0778 .0817 .0828 .0859 0 0878 0 0878 .0878 .0878 .0878 .0878 . OS78 0 0878 Lead: Ore: Receipts iu U.S. ore ______short tons •. 25,892 24,375 24,005 25,729 21,803 22,304 26,080 26,713 25, 2181 2:l, 211 25,563 27,64-1 25, 510 Shipments, Joplin Price, pig, dol. per lb __ 0 0389 .0437 .0437 .0435 .0424 0 0432 .0428 .0405 .03831 .0373 0 0371 0 0373 0 0371 Production, total (primary)§ _____ short tons __ 36,213 33,845 30,6813 30,944 25,160 24,756 26,169 26,515 34,527 34, 977 a 35, 981 35, fil4 3:;, 072 Retorts in operation, end of mo ____ number __ 35, lUG 26,952 26,692 27,193 31,284 30,324 30,442 31, 3521 31,964 :)2, i93 32,944 3:!, G58 33, 210 Shipments, total§ ______short tons .• 41, 137 32,877 a Domestic§ ______short tons __ 32,072 35, 589 30,217 26,966 21,663 21,913 30,294 2(1, 928 32,003 35, 538 34,903 41,137 32,874 32,072 35,589 30,169 26,966 21,663 21,913 30,294 2~), S75 a 32,003 3t), 53S 31,870 Stocks, refinery. end of month§ __ short tons.. 113, 151 110,760 109,374 104,729 99,672 97,462 101,968 106,570 110,803 115,852 ll9, 830 lHI,UOH 118, 075 Electrical Equipment Conduit, nonmetallic, shipments.thous. of ft •. 2,139 1, Ill 1,488 1, 981 1,426 1, 575 1, 609 1,1392 1, 810 1,142 1, 895 I, 583 Delinquent accounts, electrical trade. (See 1. 551 I Dorne.stic trade.) Furnaces, electric, new orders ______kilowatts._ ------1, 462 1, 415 1, 090 484 479 1, 150 1,163 1, 519 3, 284 984 2,844 2,21 2 Electrical goods, new orderst (quarterly) tho us. of doL_ 121,814 92,302 128,034 100,334 Laminated phenolic products, shipments ------dollars __ 845,020 844,449 780, 160 760,788 804,870 6137, 198 69.5, 382 561,273 585,565 328,025 lH ica, manufactured: :: :~ I~~;;; I ;~ ;;; Orders, untilled. end of month.thous of doL_ 99 78 63 53 64 Shipments ______thous. of doL. 78 57 46 67 62 103 108 105 164 158 111 147 ll4 106 99 84 106 116 114 lti3 - 154 Motors (direct current): Billings (shipments) ______dollars __ ------274,937 287,031 280,771 335,307 260,355 297,734 209,308 ------!------Orders, new------______dollars __ 337,280 245, 784 321, 483 3136,613 207, f.54 243, 700 242,528 ------Panel tJUar Monthly statistics through December 1931,119351 1934 1935 logether with explanatory footnotes and refer- ___ I ~nces to the sources of the data, may be found March March I April I May I June I July 1 August 1Septem-~ October I Novem·1 Decem- January I Febru· 1n the 1932 Annual Supplement to the Survey ber ber ber I ary -=c:=---===-===~==-=-:=-=:=..:.~,MrcET.iriT,-'Ai-L~S,-A~N~D~'-M~A....--;;;N:T"U~F"A.---rC..'iT"'U~UES Continued NONFERROUS METALS AND I I I I I PRODUCTS-Continued I I I I I I I I Electrical Equipment-Continued I i I Power switching equipment, new orders: j I Indoor.•••••.••.••••••.•••••..••.•.. dollars. ·j-..•..... 33,903 35, 47b 33,283 27,611 22,920 45,045 36, 728 35,322 37,442 27,855 30,214 29,080 92,297 86,788 115,806 90,477 125,838 107,437 113,002 96,646 91,908 72,974 78,993 72,425 a~d~!~g~:.-oo~vection·i;,-p.;:-· Consumption ..•.•••••••••••... thous. of lb •• ' 1, 835 1, 908 I 1, 767 1, 912 1, 833 1, 839 1, 552 1, 333 1, 306 1, 053 990 I 1, 381 ' 1, 431 Shipments ______thous. of doL· 430 387 I 357 432 451 316 329 270 315 267 270 434 400 Welding sets, new orders: ' I I Multiple operator ••• ·------units .•. 3 21 1 1 2 1 7 zl 5 1 1 Single operator.------units •• 487 335 i 395 333 292 241 223 371 273 36~ I 347 277 I I Miscellaneous Products 33~ I ' I Brass and brouze (ingots): • i I Shipments and deliveries •••..•..•. net tons .. ------5,291 1 5, 223 5,143 4, 941 4, 317 3, 757 3, 260 4,106 3, 919 3, 688 I 5. 338 4, 959 Brass, plumbing: . Shipments•.-----·------number of pieces •• :...... 799, 5921704, 816 788,911 740,222 693,979 707, 156 708,694 960,463 849,415 758, 5481•997, 797 933, 266 Brass sheets, wholese.leprlce,miJL_dol. per lb •. : .143 .138 .140 .143 .144 .145 .145 '145 .145 .144 .143 . 143 .143 Copper, wire cloth: i i 1 Orders: , I I Make and hold-over, end of month I I (2) thous. of sq. ft __ ' (2) 63 1 56 51 48 50 47 41 42 421 33 404 1 4~ I 292 417 337 329 404 369 New_ ····------thous. of sq. ft .. i 691 3141 279 238 369 Unfilled, end of month-••• thous. of sq. ft..' 448 7981 745 622 461 123 I 393 407 441 428 4791 411 462 Production.. ·--···------thous. of sq. ft __ , 417 430 350 343 281 I 382 331 357 333 317 393 374 4181 326 435 Shipments .. ----·------thous. of sq. ft..j 3i7 3841 378 325 401 300! 380 273 371 281 1 357 Stocks, end of month ______thous. of so. ft .. I 714 748 788 814 I 725 718 I 696 747 735 742 743' 6(14 706 PAPER AND PRINTING Consumption a:~~:m:~~~----short tons __ ~~------354,398 1336,425 346, 109 ~~ 324,473 3ll, 5431338,873 317,730 360, 177 347,711 329,961 376,632 352,068 Groundwood* ______shorttons .. ------96,551 94,631 108,359 100,309 89,473 93,471 88,610 99,382 94,499 96,815 103,616 \J1, 694 Sulphate* ______shorttons-·1··------105,097 95,723 97,3RO 'r 87,992 87,922 95,241 90,069 107,943 102,503 91,762 111,376 105,279 Sulphite total*------·short tons .• ...... 119, 189 114, 177 108,540 104,795 104, 267 117, 663 110, 104 119,965 119,475 112,674 128,091 LO, 524 Bleached* -----·---·-·---·-----short tons .. ,______1 67,854 64,492 64,916 62,309 63, 985 69,562 60,029 69,767 70,398 62,476 75,980 73.137 Unbleached* ______shorttons .. i. ______51,335 49,685 43,624 42,486 40,282 48,101 50,075 50,198 49,077 50,198 52,111 47, 3S7 Soda*------·------short tons .. f ______26,865 24,701 27,080 25,195 22,795 23,876 22,340 25,498 24,966 22,552 26,730 28,130 Damaged,ofl-quality&misc'l* ...shorttons .. ,...... 6,696 7,193 4,750 6,182 7,086 8,622 6,607 7,389 6,268 6,158 6,819 6, 4!1 Production, all grades*._ ...... short tons .. l ..•. _____ 362, 422 352, 710 368, 950 328, 261 298, 903 326, 204 3!2, 107 359,938 354, 234 333, 594 •379, 4GG 352, 3:n Ground wood* ______short tons . .'...... 102,039 107,985 116,5151 96,831 82,240 82,.580 83,482 93,092 101,646 99,902 lOG, 321 94, 245 Sulphate* ______short tons .. ------105,199 95,122 97,287 87,901 87,666 96,504 90,869 108,551 102,168 92,108 •110, 520 !OJ, 581 Sulphite, total* --·------...... short tons .. _____ ... _ 122, 029 1 117,492 122, 574 Ill, 789 100, 302 115, 713 109, 855 125.073 119, 808 113, 739 128, 71>2 119,815 Bleached* ______shorttons .. -·------70,0-13 67,114 74,791 65,1l58 110,558 66,736 63,660 72,190 69,631 66,056 76.019 73.021 Unbleached* ______...... short tons .. 1 ------51,986 50,378 47,783 46,131 30,744 48,977 46,195 52,883 50,177 47,683 52, 7il:l 413,794 Soda* ______shorttons.-1------·-- 27,085 25,009 27,932 25,402 22,108 24,409 21,899 26,446 24,556 21,866 27,002 27, 850 Damaged, off-quality & misc'l* ..short tons .. !-----·-· 6,070 7,102 4,C32 6,338 6, 5S7 6,998 6,002 6, 776 6,056 5,979 6,841 6, 340 1 1 1 1 120, 161 46,951 St~lr~~~-:.~o~~~~~======~~m t~~i :! ==:=:=:= ~~: m~~~: !~~ ~:: ~~g ~!: m~~t ~~~ 1~: m~~~: ~!~ g~: ~~~ ~~i: ~~! ~!~: m~!~: 1~~ 5, 450 Sulphite, total* ...... -....short tons .. ·------36,137 39,452 53,486 60,306 50,341 34,:391 51,142 59, 2.o0 59,484 60,648 62,670 61,961 Bleached* ______shorttons .. l------·-- 22,083 24,705 34,580 37,929 34,.002 31,676 3-5,307 37,730 36,963 40,543 41,929 41.813 Unbleached* ______short tons.+------14,054 14,7-17 IS, 906 22.377 21,839 22, 7LI 18,835 21,520 22,521 20 105 20,7-11 20, 148 Soda* ------·------short tons .. i------4,351 4, 6.59 5, 530 i1 5. 737 5, 110 5. 643 5, 202 6,150 5, 740 s: 238 5, H9 5.169 Dam•ged,ofl-quality&misc'l* __ sbort tons .. ··------4,690 4,599! 4,431 4,637 4,138 2,514 1,909 1,296 1,084 905 731 G30 I 1 Imports: I 1 , Chemical,totaltL ...... _shorttons .. )119,690 101!,405 i7,150 j 125,486]136,9471150,03![142,804 ' 139,512 165,936 146,0601139,263 j 179 303 10q.5n3 Groundwood# ..... _...... short tons.. 13.973 9, 239 14,243 1 17,555 I 11,051 1,, 21,037 17,272 1!J, 319 16,880 18,707 17,950 1 16,977 l'l. 020 Price, wholesale, sulphite, unbleached______I 1 ------·-·------·------dol.periOOlb .. : 2.00 2.10 2.10 2.10; 2.10• 2.10 2.10] 2.10 2.10 2.10 2.10 1 2.10 2.10 1 1 :~~~[::::;;;~;;:::::::::::::: ~:::::~ ••••••••• :::::::::l::::::::•I•::::::::I:::•••::L:::::::i::::::::.!:::::::::c:::::: :••······· ;•• :••• ···I·· ..... ~ .~ org~;~'e3~~~-percent of normal production.J...... 67 63 5911 67 ~------~------..!.-----·-· ______.J...... J ______I------_1 ------O:,j_~~~a~~~iifde:rcent of norma~ product~on .. ______64 63 61 59~------~------+------~------______1..... ___ !______1 Coated ______number of days productwn .• ~------6 6 5 5 '------~------~------· -·------~------~------Pr~3~~~{~gC~~~~~~-~f-~~!_~-~ig~~c}~~~== .:=:::=== --··---~-~------~------·\------:.!======~==~======:::=.:··: ======N~~~~~~~s1.c~-~~~:~~======:si1ori-ioii8== :::: =::-- ·======:: :::::======::::: ::======: 1======1==::::::: ======::: =====:=::I::=:::::: ======::: =: =:: 1: ::·:: =:: 1 1 1 Canada: I Exports .. ·------··------short tons ..I 206,492 239,443 157,031 1222,071 202, 177 212.845 183,930 190,794 204,904 221, 55:) 245,136 184,243 I 1-l!), 69i Production. ______sbort tons.• 205, 682 •211, 317 216,510 242,490 229,637 208, 238 216, 164 196, 172 23.5, 021 240,869 239,544 201,959 180, 305 Shipments from mllls .. ______short tons __ 1 198,574 '208. 971 220,769 236,764 225,449 199,926 209,938 195,320 228,921 262. 206 254,657 180,026 160. 859 Stocks, at mills, end of month_short tons .. l 78,396 ·• 41,313 37,247 42,459 46,782 55,099 61,359 61,903 67,994 46, 488 30,366 51,932 71, 31\-l United States: , Consumption by publishers .. _sbort tons.. 1 171, 139 156, 721 160, 815 193,088 154, 175 I 150, 500 , 145, 095 151,900 168, 372 172. 287 165,496 157,870 16[1, 81G lmports# ______short tons .. l181, 597 168,839 196,490 204,036 200,004 1 197, 2271'. 171,390 159,944 201, 146 194,392 222,897 160,073 135, :;.!7 1 Price, rolls, contract, destination, N. Y. 1 baso... ·---·-··------dol. per short ton.. 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 42 00 .:o. 00 Production, totaL ______short tons_. 73,528 ·• 84,966 80,505 89,726 82,260 74, 017 79,971 74, 120 80,562 71.851 1 79,777 SO, 57•\ 1 "70. 812 Shipments from mills•• ______short tons__ 7.J, 241 a 83,849 83, 196 89, 957 78,480 68, 047 89,984 69, 723 81, 229 i 79, 129 I 86, 363 75, 'i78 . " 69, 1122 Stocks, end of month: I1 ! I i Atmills_. ______short tons .. 17,00·1 a24,871 I 22,335 I 20,337 'I 24,080 I 30,174 20,601 23,702 22,596 18,425 12,428 17,277 I 1s.•:7:l At publishers.. ------.short tons .. ' ?10, 072 192, 335 202, 467 I 216, 061 241, 136 1 253, 489 270, 690 241,893 236, 734 I 2-!4. 388 ! 277, 125 2fil, 2;<2 ! 210, 101 Intransittopublishers ..... _shorttons ... 32,725 45,749 ~ 43,4321 46,200 28,915 i 28.202 i 27,670 42,818 33,7\7 35,391! 46,237 38,022 i 34,214 a Hevised. z DlscontinueJ. *New series. For eJrlier data on h:1nd-typo vacuum cleaners sea p. 20 of the August 1034 ismc. Data prior to October 1931 not published on brass, plumbing fixtures. Wood pulp figures based on reports to the Pulp Executive Authority by 172 mills, representing 94 percent of the total U.S. pulp industry. Figures available for the year 1934 only. Data not exactly comparable with figures previously shown. See footnote on p. 56 of the April 1935 i'8ue for the complete 1934 wood pulp figures. t Revised series. I<' or earlier data see pp. 18, 19, and 20 of the N ovemhr 1933 issue for chemical, mechanical wood pulp, and total paper; p. 49 of the June 1933 Issue for 1932 for chemical wood pulp imports; and p. 19 of the December 1933 issue for book paper. # See footnote on p. 35 of this Issue. Data for 1933 revised. See p. 20 of the October 1934 Issue. • Beginning with January 1934 figures have been compiled by the Code Authority of the Ingot Brass and Bronze Industry. The figures are more complete than those on deliveries previously shown. Shipments of the concerns formerly reporting contribute about 8G-85 percent of the total for the present series. t The Oode Authority for the Paper Industry is expected to shortly resu':Ile publication of some of these paper figures. May 1935 SURVEY OF CURRENT BUSINESS 51 Monthly statistics through December 1931, together with explanatory footnotes and refer 19351----,-----,------,----.----,---1934 - I -i9a5 ences to the sources of the data, may be found in the 1932 Annnal Supplement to the Survey March March i AprU I May I June I July I August ISeb~~m·l October INobe~m-1 D'i,~~m- January I F:~;n- PAPER AND PRINTING-Continued PAPER-Continued I I ! I I 'I I_ ' I Paper board:• 1 I I 1 1 pfft.l*~~~~=~=~:t~=~~~~:~~~~~~::::: ::::~~ =~~~~~~~= =~~~;;~= =~~~~~~=~, :;~;:;::'~~:;;:1 :;;: ::::1 :::~: ::~;~r~:;; :~~;: .,.,,;, • ;;; ;:; New ______short tons .. -1268, 360 264,985 230,754 225,957 214,236 I 200,278 246, 187 228,804 255,744 I' 218,980 201,121 •273, 151 a 252,578 Unfilled, end of month ...•••..short tons__ 79, 049 86,033 76, 578 80,958 72,990 73,256 71,523 72,930 68,756 62,3521 65, 723 "80, 987 "84, 341 I 1 Productlon ...•. ------Short tons •• 275,770 254,819 244,334 223,478 224,214 201,924 246,266 233,426 263,679 1 227,733 199,940 "262, 026 I a 251.. 870 1 Operations, percent of capacity------68.9 63.4 66. 1 55.4 57.1 52.6 58.7 61.4 63.9 ! 57.8 1 54.2 a 62.9 l "fi8. 7 Shipments ______shoct tons.. (') 221,114 213,956 197,543 190,896 I 179,264 223,686 198,729 22~. 740 [193, 372 . (') (') (') 2 Stocks, end of month ______short tons.. (') 84,326 82, 190 74,670 70,659 . 69,119 70,064 , 71,478 73,325 ' 72,5921 ( ) (') 1 (') Stocks of waste paper, end of month: 1 I I • At millst------short tons .. 207,987 206,060 215,618. 227,877 221,836 230,298 . 232,819 241,169 231,094 I 226,941 223,692 •210,520 1 "214,069 In transit and unshipped purchases I I I j short tons.. 34, 170 31,346 28,493 , 27,707 1 15,970 27,726 1 24,877 26,618 33,005 1 27,764 20,000 35,073 , 39,726 :l~~~~~·~~~-~~~~~;g~~~~•:::: ::::~:::: ::·:::-::i::·:::·~·· --;~:::~:1:·-:_·::: 1 ::::~:~:: ·~.~··~:: ::::·::~;:,1::·~::::1•·:::::: ··~····••1•·•:••••: ______short tons __ ·::: _! ______------Al~~~~~~~~~~~~: l______------______]______! ______------1-· ------______------~------A :~::::::~~~:::~!~:~~!E~ort tons .. ______-----·------!·------~------~------·------~------~------~------~---. ----- Domestic ______reams.. 69,477 56,811 57,097 1 58, 121 I 54, 185 I 46,050 I 48,528 48,986 52,392 46,635 41,536 I 58,287 I 59,071 1 Fore~gn ______reams.. 7, 465 15,322 7, 312 11,854 . 8, 030 1 8, 100 1 8, 216 6, 990 5, 998 i 8, 121 5, 220 6, ~OJ 1 5, 934 Paper board shipping boxes: I ' 1 Production, totaL •.....•...• mills. of sq_ ft.. I, 879 1, 827 1, 650 1, 6931 1, 640 : 1, 576 I I, 779 1.7571 I, 943 1, 634 1,492 ' 1,807 I, 639 Corrugated*------mills. of sq. ft__ 1,661 1,603 1,447 1,492 1,438 i 1,371 I 1,545 1,521 1,096 I 1,442 1,323 ' I, lil5 I, 464 Solid fiber* ------·--mills. of sq. ft._ 218 225 204 201 202 j 205 234 236 247 ! 193 169 ' 193 175 PRINTING I j I I I Blank forms, new orders.•...... thous. of sets.. 78,972 72,204 70,209 72, 167 [ 92, 182 i 63, 133 69,937 1 76,895 I 82, 103 I 83, ll8 I 76,239 ; 83,930 70,401 Book publication, totaL.number of editions .. ______806 585 · 542 I 698 1 485 552 852 1 ~g i 727 i 1,080 i 518 628 4 4 3 4 612 ' 847 I 456 503 ~=: ~8iW;ns~:=:======:~~:g~~ ~~ :gm~~~== :==:===:: n~ ~~ : ~~ i ~~! i ~ I g~ mI 118 ! ml 233 ' 62 65 Operations (productive capacity) •.. l923=100 __ ------•77 75 : 77 j 71 : 71 i 70 1 7~ I' 78 ! so I 81 i 77 80 I I i ~~Orders, new ------thous. of hooks._ 12,456 12, 135 9, 782 11,650 : 11,127 : 11,422 ! 11, 129 11, 799 14,605 · 11, 564 ! 11,233 : 11, 13o I n. 689 _S_Ilip.E:e_?ts ______thous. of hooks__ 11,361 10,953 10,655 . 11,395 l 11,470 i 11,357 I 13,010 JO, 793 , 12,924 I 11, 399 i ll, 590 i ll, 818- _10, 737 RUBBER AND RUBBER PRODUCTS CRUDE AND SCRAP RUBBER I I I I I Crude: i i I Consumption, totaL ..•.•••..••••. long tons .. 38,997 43,329 I 40, 902 i 39, 571 36, 62o 3o, o35 30,312 21,317 28,526 1 31,358 32,996 ! 42,864 38,868 For tirestt------long tons .. 28,832 33,766 i 31, 219 30, 195 ~m ~~ ~o ~~ ~w~~~ ~m~~~ 2U, 671 Imports, total, including latex t# ..long tons .. 46,640 42,253 : 45, 175 49,901 ~m~~m ~~ ~~ ~~~~m ~m~~~ ,17,844 Price, wholesale, smoked sheets, N.Y. ! dol. per lb .. . 114 • 109 . 126 • 133 . 134 . 146 • 1s5 . 154 . 139 I . 13o • 129 ' . 136 . 129 Shipments, worJd ______long tons .. 67,000 83, 000 84, 000 115, 000 ~~ ~~ ~~ ~~ ~~~~~ ~~~~~ 76,000 Stocks, world, end of montht. ____ long tons .. 678,415 653, 000 64 7' 993 659, 865 660,699 672,312 663,761 668,814 669,557 I 672,852 67o,ooo: 67J,ooo 680, 169 Atloat, totaL ------long tons .. 91,606 105, 403 ' 108, 314 112, 401 98,373 92,766 86,408 88,169 87,809 i 88,281 •100,7551 •88.183 a 81J, 711 For United States ______long tons .. 55, 606 68, 403 : 70, 314 72, 401 ~m ~~ ~~~~~ ~D~~m ~~ ~~ 53, 711 London and LiverpooL ______Jong tons .. 162,012 94, 337 : 96, 134 96, 214 99, 733 I 105,989 105, 290 ! 113, 052 I 121,020 I 127, 888 1134,927 ; 148, ::137 155,727 British l\1alaya ______Jong tons .. 91,069 96, 499 ! 97, 146 96, 971 102,045 1 106, 448 107,607 ' 103, 485 I 101, 349 i 96, 556 a 91, 072 j \IS, 471 Hi, OU5 United Statest _------long tons .. 333, 728 355, 2541' 351,759 354,909 360, 548 i 367, 109 364, 456 : 364, 108 359, 379 ! 358,000 1"355, oou ,•338, 345 (l332, 773 Reclaimed rubber: Consumption ______long tons .. 8,183 8, 328 7, 697 7, 980 7. 615 1 7. 006 7. 066 : 5. 132 7. 097 : 6. 492 I 7. 034 , 9, 583 s. 178 Production ____ . _____ ------•.. long tons_. 10, 549 10, 790 110, 185 10,848 10,820 I 9, 446 8, 160 I 6, 974 8, 143 I 7, 268 7, 353 I 10, 4i;5 10,072 Stocks, end of month ______long tons __ 17,335 )9, 641 22,035 20,649 20, 3J9 2J, 079 20,015 18,740 I J7, 743 J5, 765 Scrap rubber: Consumption by reclaimers ______]ong tons __ ------~:: ::: --~~~~~- --~:~~~~- 36,875 ------1 27,6931------1------25, 959 ,------TIRES AND TUBES t 1 Pneumatic casings: Production. __ .. _____ ._ .•••...... thousands._ 4, 215 5,025 4,627 4,323 4, 212 3, 252 3, 427 2, 848 ! 3, 1881 3, 241 ! 3, 665 4, 488 4, 251 Shipments, total .•.•....•• ______thousands .. 4,078 4,096 4, 305 5,172 5,071 4,033 4,179 3,087 2,919 3,095 I 3,015 3,553 3,18\) Domestic ______thousands .. 4,000 3, 966 4, 212 5, 049 4, 956 3, 954 4, 091 2, 993 2, 834 3, 026 I 2, 921 · 3, 4(;g 3, liZ Stocks, end of month. ______thousands .. 11,325 11, 301 11,621 10,793 9, 913 9, 154 8, 436 8, 166 8, 397 I 8, 516 i 9, 171 10, Ot>U ll, 184 Solid and cushion tires: Production __ ... __ •. ___ ....•. _•.. thousands_. 18 15 16 19 21 18 18 1s 11 I 16 I 10 . 22 18 Shipments, totaL ______thousands ... 20 15 14 18 19 18 16 13 15 17 15 . 20 16 Domestic ______thousands __ . 20 14 13 17 W TI U U 141 J6i 14 W ltj n~~~cf~h~~d of month ______thonsands __ ! 31 28 30 29 U W g M Ml gi Ml ~ J2 Production ______. ___ . ____ thousands._' 3, 999 5, 039 4,593 4,228 3, 974 . 3, 425 3, mo 3, 011 3, 123 3, o;4 3, 398 1 4, 131 4,046 Shipments, total. ______thousands._: Domestic ______thousands __ , 4. 043 3, 995 4, 212 4, 755 5, 150 4, !93 4, 072 . 2, 934 ' 2, 609 I 2, 684 2, 765 3, 610 3, 261 3, (181) j :l, 200 3, 906 4, 141 4, 663 5, 058 4, 133 4, 003 1 2, R71 ' 2, 543 2, 630 2, 689 3, 539 Stocks, end of month ______thousands .. i 10,094 9, 937 10, 267 9, 741 8, 532 ' 7, 812 7, 328 i 7, 410 i 7, 907 ! 8, 247 8, 904 9, 332 10, !52 Raw material consumed: Crude rubber. (See Crude rubber.) Fabrics ______thous. of lb . .' ! : 7,849 20,927 19,371 18,785 17, 7lti 13,267 13,724 j 12,942 i 13, 169 I 15,382 15,627 ~ 11!, 008 1~. 05\.l a Revised ' Discontinued. tHe vised series. Ji'or earlier data see pp. 19 and 20 of the December 1933 issue for writing, wrapping, and other grades of paper; for 1932 revisions, p. 50 of the June 1933 issue for crude rubber imports; and for 1932 revisions, p. 50 of the May 1933 issue for world and United States stocks. Data on consumption of rubber for tires revised for 1932, 1933, and 1934. For revisions seep. 51 of the August 1934 issue. Earlier data on consumption and stocks of waste paper at mills will be shown in a subsequent issue. § 'l'he Bureau of the Census has changed the title of the" Box board" report to" Paper board" since data actually cover all board of .012 of an incb or more in thickne"" reported by the cooperating manufacturers. The difference between this series and the paper board data on production and shipments given at the top of the page I marked with a"*") is that the latter are based on sample data supplied by tha American Paper and Pulp Association which have been ratioed up to a total for the industry, using the annual COf!1Plete census data of the Bureau of the Census. Figures given on production. operations, and new and unfilled orders are for 94 identical manufacturers; ship ments and fimshed stocks are for 78 manufacturers, and consumption aud stocks of waste paper for 82 manufacturers. t Data for 193~ are estimated to represent approximately 97 percent of the industry; data are estimated to cover 79 percent of the industry for 1929-33, inclusive, and 75 to 80 percent prwr to 1929. # See foot'?ote on P- 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue. • New senes. Seo P- 19 of the December 1933 issue for the complete paper-board series. New series on paper board shipping boxes compiled by the Container Code Au_thorzty, Chwago, Ill., from reports from all members of the industry of record beginning in January 1934. The volume of companies not reporting each month is estimated by the Code Authority, so as to keep the series companble. The solid fiber figures are complete as reported. Prior to Janaary 1934 data covering this industry were compiled by the Paper Board Industries Association. 52 SURVEY OF CURRENT BUSINESS May 1935 Monthly statistics through December 1931, 1935 1934 1935 together with explanatory footnotes and refer- 1- ences to the sources of the data, may be found March March AprU May June July IAugust ISeptem-1 October INovem·l Decem· January I Febru- in the 1932 Annual Supplement to the Survey I I I I ber ber ber ary RUBBER AND RUBBER PRODUCTS-Continued MISCELLANEOUS PRODUCTS Rubber bands, shipments .•.•.•.. thous. or lb •• ------262 342 293 238 220 237 231 330 209 174 230 228 Rubber clothing, calendered: Orders, net.• _number or coats and sundries.. (1) 19,963 15,615 20,930 24,336 15, 127 24, 186 47,497 38,625 22,756 17,059 (1) (') Production ... number of coats and sundries .. (1) 11, 364 13,795 21,610 27, 149 23,016 22,651 31,274 38,484 25,868 24,596 (1) (1) Rubber-proofed fabrics, production, total thous. or yd .• ------3, 575 3,877 3, 908 3,156 3, 332 4, 291 4, 742 5,279 3, 419 3, 334 3, 776 ------Auto fabrics ••.••••••.•.•.•.•.. thous. of yd .• 434 575 594 478 526 570 568 804 405 744 286 287 Raincoat fabrics •..••••••.•••.• thous. of yd .• 1, 527 1, 670 1, 778 I, 320 1,269 I, 827 2,405 2, 813 1, 552 884 1,141 ------Rubber flooring, shipments .. _thous. of sq. ft .. 4::(9 437 540 419 372 413 339 386 • 375 411 268 236 Rubber and canvas footwear:• Production, totaL •••••••••.• thous. of pairs •• 6,467 4,843 4,919 4,478 3, 587 5,161 3,918 5, 078 4, 992 4,870 5, 668 5, 383 Tennis .. ------·-·----thous. of pairs .. 4,186 2, 451 1, 819 1, 566 843 1,011 877 1, 201 1, 165 1, 570 2, GGS 3, Ol3 Waterproof. ....•.•.•.•••.• thous. of pairs.. 2, 281 2, 392 3,100 2, 912 2, 744 4, 150 3,041 3,8i7 3, 827 3, 300 2. 999 2, 300 Shipments, totaL ••••.••••.• thous. of pairs .• 6,845 2, 749 2, 027 3, 613 4, 6ll 6, 529 6,498 5, 525 4, 727 5, 317 ti, 379 4,752 Tennis._ .••.•••••••••••••. thous. of pairs .. 5, 419 1,868 2,084 1, 980 1,174 1, 543 911 790 575 1, 258 2, 77S 3, 2S4 Wat.erprooL ••.•.•.•...••. thons. of pairs .. I, 426 881 843 1. 633 3,436 4. 986 5,587 4, 735 4,152 4,060 3, (i01 1, 468 Shipments, domestic, totaL .• thous. of pairs .. 6, 796 2, 673 2,874 3, 561 4, 594 6, 448 6,436 5, 486 4, 653 5, 273 G, 250 4. fi19 Tennis •.. ------thous. of pairs •• 5, 378 1, 798 2, 036 1, 933 1, 170 1, 467 857 758 528 1, 240 2,1iGl 3,165 w~terproof. ______thous. or pairs .. 1, 418 875 838 1, 629 3,425 4, 982 5,579 4, 727 4, 125 4, 033 3, 5S9 1, 454 Stocks, total, end or month ••thous. of pairs .. 16,016 17,774 20,080 20,945 19, 935 18,567 15,858 15,248 15,513 15, 177 14, 4GG 15,087 Tennis .. ------thous. of pairs .. 6, 932 7,378 7, 259 6,846 6, 515 5, 983 5,821 6,085 6, 675 6, 999 f\,8\10 6, G90 Waterproof..••••..••.••••• thous. of pairs .• 9,084 10, 396 12,821 14,099 13,419 12,584 10,037 9,163 8,838 8,178 7,516 S. 3Ui Rubber heels: Production ...••••••••••••••• thous. of pairs .• ------19,903 17,802 19, 603 19,412 15, 903 18,605 13,911 14,437 13,922 13,428 14, 351 lti. 334 Shipments, total• .••..••••••• thous. of pairs .. 19, 294 16,991 20, 120 20,513 15,656 15,493 1:!,219 16,889 15,746 14,075 15, 630 15, 2'i0 Export. •.•.•.•.•...•.• : .•• thous. of pairs .. 347 328 137 426 346 339 219 377 326 359 295 221 Repair trade .•.•..••••••.• thous. of pairs .• 6, 605 4, 673 6, 928 3, 946 4, 485 4, 936 4,079 5, 238 4, 175 3, 435 .5. 6t)i ·l, 777 Shoa manufactures ______thous. or pairs .. 12,199 11,991 13,055 In, 112 10,825 10,218 8,921 11,273 11,244 10, 281 10,6137 10,262 Stocks, end of month .•.•...• thous. of pairs .• 39,592 39,961 39,763 38,446 38,997 42, 140 42,652 40,016 33,040 37, 751 35, 8ll 36, 950 Rubber soles: Production .•...•••••...••••• thous. of pairs .. 5, 726 5,018 5, 040 4, 772 3,082 3, 601 2, 952 3, 239 3,5!1 3, 400 3, 705 3, 243 Shipments, total•.••••••.•.. thous. of pairs .• 5, 770 4, i39 4,8Sl 5, 050 3, 277 3,602 3,107 3, 297 3, 617 3, 592 3, 696 3, 60~ Export ....••••••••••.•.•.• thous. of pairs .• 3 5 1 10 2 2 2 13 3 3 IJ Repair trade ....••••••••.• thous. of pairs .. 532 275 493 241 318 382 455 534 585 530 650 704 Shoe manufactures .••.••.• thous. of pairs .. 5, 235 4, 459 4, 3g7 4, 799 2, 955 3, 218 2,6.50 2, 699 3. 030 3, 059 3, 037 2, svo Stocks, end of month ...•...• thous. of pairs ... ---- 4,838 4, 989 5, 360 4, 955 4, 933 4,844 4, 718 4,656 4, 528 4, 329 11,311 3, 948 Mechanical rubber goods, shipments: Total. ..••••.•.•.•...... ••... thous. of doL 4, 437 4, 297 4, 589 4, 424 3, 834 3, 923 3,187 3, 715 3, 09·1 3, 601 4, 5151 4, 2?\1 Belting •.••. ------·------tho us. of doL. ------830 863 959 9>!0 1, 001 984 846 996 ' 707 746 871 jj,j Hose .•.•••.•.•.•.•.•.•.•.... thous. of doL .... ----- 1, 500 1, 498 1, 790 1, 5831 1, 3621 1, 399 l, 138 1, 3761 1, 07R 1, 001 1. 430 I 1, 372 Other••...... •.•.•.•.•.•.•.. thous. of doL. ------2,108 1, 937 1,840 1, 852 1, 472 1, 540 1, 203 I 1, 343 1, 310 1, 854 2. 215 2, 115 I ! I STONE, CLAY, AND GLASS PRODUCTS I I I I BRICK§ I I i Oommon brick, wholesale price, red, N. Y. i I i I 10.4-1 dol. per thous .. 10 .. 00 lO.J w. 5o 1 10.50 10.50 ! 10.50 10.50 10. so 1 10.50 10.50 I 10. 30 Face brick (average per plant): Orders, untilled, end of mo ... thous. of brick .. 289 654 657 545 i 503 405 369 322 233 204 25S 621 I tl-1 Production (machine)* •..•.. thous. of brick .. 95 57 104 137 !.58 I 179 131 158 218 120 I 71 Shipments ...... • thous. of brick .• 1:18 136 149 197 180 I 181 172 !t\217 I 143 115 6--l Pi Stocks, end of montht....•.• thous. of brick .. \ 2, 282 2,483 2, 464 2,450 2, 380 I 2,300 2, 3332081 2,""I 292 2,217 2, 303 2, 306 2, 310 2, 318 Sand-lime brick: Orders, unfilled, end of mo .. thous. of brick .. - --- 355 705 605 425 i 155 148 140 1751 850 140 1 100 100 Production...... •.... thous. of brick .. 563 43i 1, 340 1, 2:<8 I 1, 219 1,137 I, 164 920 1, 651 199 . 115 155 ---- () Shipments by raiL ....•.•.• thous. of brick .• -- - -··-- 126 291 60 44 45 45 42 83 .552 32 I 13 Shipments by truck .•...... thous. of brick .. ------721 1,006 1,346 965 848 I, 045 I, 121 889 1, 105 531 1 3,'·0 :266 Stocks, end of month .....•.. thous. of brick .. I, 7551 1, 518 1, 324 1, 434 1, 351 1, 959 2,091 1,877 2, 715 1, 561 I 1. :ll7 1, 30:1 PORTLAND CEMENT i Price, wholesale, composite ...••.. dol. per bbL. 1. r,,;g I. 650 1. 575 I. 570 I. 650 1. 650 1. 650 I. 650 1.650 1.650 u;o I 1. (),j0 I. 550 Production ... ------thous. of bbL. 4. 20J 5, 257 6, 514 8, 554 8,813 8,144 7, 842 7, 680 6,675 5, 779 4, 4471 3,:202 3, 053 Percent of capacity.------...... 18.9 23.0 29.6 37. 5 39.8 35.7 34.5 34.8 29.3 26.2 19. 5 14. 1 14.9 Shipments ...... thous. of bbL. 4, 877 4, 618 6,492 8, 784 8, 54! 7,898 8, 249 7, 388 8, 439 5, 674 3,1041 2, b-Hi 2, 952 Stocks, finished, end ofmonth ... thous. of bbL. 21,319 21,422 21,557 21, ~01 21,500 21.852 21,424 21,734 19,972 20,078 21,460 21,847 a 21. S;!/ Stocks, clinker, end of month._ .thous. of bbL. a, :n3 6, 318 6, 565 6. 304 6. 424 6, 588 6, 332 5, 975 6,055 6, 213 6, 137 1 6, 318 a 6, 3i8 GLASSWARE, ETC. I Glass containers: # ~g .. - I Production. ------thous. of gross.. 2, 946 a2, 9:)Q •3, 037 •3, 250 a3, 156 (l3, 115 a3, 169 ! •2, 859 ·3. 132 I •2. 855 2, 9221 2, f39 Percent of capacity.------51.. 1 4fl. 2 55. 1 •56. 7 a.)5. t) a56. 5 5:l. 2 •5t0 52.6 a5J. 8 --:w~~ l 49.9 53.0 2 ..~8-} Shipments .... ______thous .. of gross .. 2, gr:;1 •3. Ill •2, 90S I •3, 201 c3, It]~ •2, 991 •3, 083 ·3. 260 I •3, 1061 •2, 5:17 •2, 4:10 I 2, 1119 0 11 Stocks, eud of month ...... thous. of gross.. 7, 05.1 •7, 508 a7, 592 7,581 71 .i18 "7, Gl6 a7, UGG •7,n1 •7, 210 •7, 481 7,872 7, 990 8. 010 Illuminating glassware:• Orders: New and contract ...... number of turns .. 2, 113 I, 522 1,145 1,491 I, 553 1, 453 1,423 I, 411 2,184 1, 990 1, 681 ], 774 1. S.jO Unfilled, end ofmonth •.• number of turns .. 2,1)11 1, 918 1, 7V4 1, 858 1, 951 2, 205 2, 216 2, 235 2, 540 2, 4.16 2,30!\ 2, ~!)2 2, 356 Production ...•...•.•.....• number of turns .. l, 902 1, 763 1,495 1, 512 1, 276 1, 062 1,453 1,183 1, 844 2, 022 1, 877 1, 638 1, 774 Shipments: TotaL ...•...... number of turns .. 1, 7:lJ 1, 936 I, 255 1, 427 l, 416 1,105 1, 390 1, 427 1.880 1. 999 1, 851 1, 691 !, fl85 Percent of full operation ....•...... •• ():}.8 75.4 48.9 55.6 56.3 43. 1 49 .. 9 55.6 73.3 77.9 72.1 65 9 55.6 Stocks, end of month ...... number of turns .. '1, jl);) 4, 367 4,615 4, 735 4, 6ll 4, 610 4, 649 4. 457 4,432 4, 475 4, 525 4, 487 --1. r.21 Phte glass, polished, production t thous. of sq. ft..l Hi, 5:)2 9, 927 8, 629 i, 764 6, 520 7, 242 7, 450 5, 738 7, 512 6, 537 8,390 13, 365 13, ';"23 a Revised. t Discontinued * New series. E1rlier d·,ta not puolished ou rubber heels ~ud solos prior to December 1932, and on illuminatinr: glassware prior to July 1932 (except production and percent or capacity); for earlier data seep. 2~ of the June 193:3 issue, face brick, macbine production. § Oensus Burea11 has c~mparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period. t Adjusted for degrading and year-end physic1l inventories. t Revised data for 1933 represent total production for the United States. # Series on glass coutaiuers are not compc>rablo for 1934 and eorlier ye1rs due to increase of number of firms rep3rting to 41. Shipments of the H firms for the year ol 1933 amounted to 3:!,056,706 comrJared with 2:3,51!,963 for the ;JO firms rcporLin~ a ye1r a~o. Oomp1rable statistics on shipmouts far the compauies, now reporting by years, from 192'! to date were as follows (in gross): 1928, 31,913,016; 1929, 31,7135,'!95; 1930, 31,905,933; 1931, 31,413,50~; 19:13,213,947,949: aarl19:l3, 33,04g,747. Data are not availoble for this period on production and stocks, nor are monthly figures on shipmants av~ibble. It may be notecl from the trend of these thta th~t the monthly figures prior to 1934 had a downward bias. Ba5iis of estimating capacity was changed in computing the new series. Data beginning January 1934 redscd Revisions for Jan nary; production, 2,771, and stocks, 7,795. Febuary pr0dnction, 2,601, shipments, 2,582, and stocks, 7,735. • In October 1933 4 new companies were included in the report and 1 additional company in Januory 1934.. Since that month, the coverage of the industry is 100 percent. For prececling periods the coverage varied but was about 80 percent. Overlappin~ figures are available for October 1933. See the October 1934 Issue for October 1933 data for the smaller number of firms. May 1935 SURVEY OF CURRENT BUSINESS 53 l'rlonthly statistic• through December 1931, 1934 1935 together with explanatcry footnotes and refer- 119351------,----,----,-----.-----,-----,-----,------,----,-----1----,---- enceolo the scurces of the data, may be found March March April May ~~ June July August Septeerm·J October I! Nobervem-1 Debceerm· January Febrryu· ln the 1932 Annual Supplem.en& to lhe Survey I I I I I b I 8 STONE, CLAY, AND GLASS PRODUCTS-Continued GYPSUM• Crude (quarterly): I 92,703 ••••••••• Imports •• ------short tons •• ------7,989 ______·______! !...... 88,4081------101,805 Production. ------short tons.• ______266,761 ------439,953 ·_-_·_-_._-_-_·_-_1·.·.·_-_._-_-_-_·_ 450, 3641 ______------334,318 Shipments (uncalcined) .••••••••short tons •. ------85,747 ------··-······ 173,218 145,404 ---····-· --·-----· 99,956 Calcined (quarterly): Production------short tons •• -···-··- 206,476 325,958 257,048 ···-···------·-··· 234,735 Calcined products (quarterly): Shipments: Board, plaster (and lath) ••thous. of sq. rt •• -·-····- 19,339 31,591 32,601 32,904 Board, walL •••••••.•••••• thous. of sq. ft..---·····- 43,058 76,218 44,612 49.793 Cement, Keenes.••.....••••... short tons.. ______2,514 4, 258 3,501 2,866 Plasters, neat, wood fiber, sanded, gaging, fintsh, etc.•••••••••.••••.•••• short tons ••...... 149,420 ··--····· ··------1226,405 188,314 162,020 For pottery, terra cotta, plate glass, mixing ~~~~~~~~~ ~~~~~~~~~~ plants, etc•••••..••••.•.•.... short tons •• ------ 24,063 ------1 29,437 24,681 1··---···------23,985 Tile, partitlon••••••••••••• thous. of sq. ft •• ··------2,222 ------· ··-----·· 2, 426 ======~======1,721 ----····- ····-·-·· 1, 550 TERRA COTTA Orders, new: 9641 1, 382 515 Quantity ············------short tons.. 795 902 880 9961 1,630 761 539 1, 090 967 934 Value•••••••••••••••••••••••.• thous. of doL. 66 82 69 95 122 831 84 50 65 I 41 82 80 80 TEXTILE PRODUCTS CLOTHING ; i I Hosiery:• t i 1 1 1 Production •••••••.•••. thous.ofdozenpairs ••...... 10,471l' 9,878110,132 8,474 6,674 7,8381 6,989 9,564 9,466 8,001 9,996 9,214 Shipments.••.•..•••. thous.ofdozenpairs .. ------10,488 9,402 9,611 8,458 1 6,349 8,666 8,078 9,791 9,308 8,220 8,588 8,732 1 Ml~:!~!~~~~·~~~~~!~ti!t:fo~;a::::~::~~ ::::::::: .. ::~~~:_! __ :~~~~~-~--~~~~~:. --~~~~::_1 __ :~~:~: ... :~~:~:.~..::~:~~- __ :~~:- .. :~~::~. __ ::·-~::. __ ::~::: ____ ::~:~ ~~ffs~~~~:~~~e_r~::::::=Jg~~:: ~l :::::;:~~::: ::::::::: :::::::::!:::::::::1::::::::: :::::::::::::::::: :::::::::.::::::::: ::::::::: ::::::::: ::::::::: ::::::::: ::::::::: I ' I I . COTTON I ! : I ConsumptiOn t •••.•..•••••.•.thous. of bales.. 481 545 , 513 I 519 363 · 360 421 1 296 520 477 414 547 478 Exports: : · Quantity, exclusive of linters I 1 thous. of bales.. 318 550 · 387 1 285 459 1 306 253 454 616 572 504 466 390 Value. (See Foreign Trade.) : I I Glnnlngs (total crop to end of month) 1 ' thous. of bales.. 9,469 12,664 :...•••..•.••••..•• ______i 100 1,398 4,958 7,920 9,030 •9, 174 d9,380 1 Imports#..••.••••••••••••••••• thous. of bales.. 10 19 I 12 i 15 10 1 11 11 1 8 12 81 10 8 8 1 Prices: 1 1 To prodncer•...... •..•...•..•• dol. per lb.. . 115 .117 1 .1161 .110 .116 1 .123 .131 ' .131 I .125 .123 .124 . 123 .122 0 Pr':d~ d:f'o~~·c~~~~f~a~~-:_-.ihou~~~r~~l~~== ----~~~~- ----~~=~-~----~~~~- ----~~~~- ----~~~-~----~~~- .... :~~~- ----~~~~-~----~~=~- ----~~=~- 9: m----~~=~------~~=? Receipts lntosight,....••••••• thous of bales.. 420 698 522 515 339' 432 527 1,676 I 2,283 1,498 977 482 374 Stocks, end of month:t I '1 : 1 Domestic, total mills and warehouses I 1 I thous. of bales.. 8, 902 9, 499 8, 679 'I 7, 982 7, 311 ! 6, 794 6, 905 · 8, 673 i 10,521 11,089 10,940 10,158 9, 534 Mllls .•.•..••••.••••••••••• thous. of bales.. 1, 117 1, 651 1, 585 1, 422 1, 326 1 1, 228 1,081 1, 057 , 1, 140 1, 294 1, 300 I, 194 1,161 Warehouses •.•••••••••••••thous. of bales.. 7, 785 7,848 7,0941 6,560 5,985 ~ 5,566 5,8~4 7,6161 9, 381 9, 795 9, 641 8,9M 8,373 1 World visible supply, totaL •• thous. of bales.. 6, 881 8,868 8, 566 7, 959 7, 362 I 6, 950 6, 639 7, 210 7, 963 7,955 7,819 7, 482 7,197 American cotton.....•.•.•... thous. of bales.. 4, 715 6,516 6,093 5,541 5,040: 4, 737 4,532: 5, 2251 6,037 6,086 5,962 5, 565 5, 132 COTTON MANUFACTURES I I Cotton yarn: Prices, wholesale: 1 • 1 22/1s, cones (Boston) .••...••.. dol. per lb.. . 297 . 327 . 320 . 301 • 298 · . 308 • 315 . 316 I! . 312 .304 .309 . 306 . 299 40/1s, southern, spinnlng ..•••. dol. per lb.. (2) .480 .471 .458 .451 .459 .464' (') (2) (') (I) (') (') Cotton goods: 1 • Abrasive cloth. (See Paper Products.) i 1l Cotton cloth: Exportsi••••••••••••••••• thous. of sq. yd.. 18, 713 22,556 23,791 22,792 21,223 15,647 14,456 17,330 I 16,423 16,857 16,444 15,484 15,848 ImportsL ...... ••••••.thous. of sq. yd.. 7, 118 5, 426 6,135 3, 817 1, 701 1, 944 2, 108 2, 5121' 2, 592 3, 517 4, 353 5, 474 7, 727 Prices, wholesale: Printcloth,64x60••••.....•. dol.peryd.. .062 .070 .067 .063 .064 .067 .071 .0741 .070 .066 .068 .067 . 065 Sheeting, brown, 4 x 4 (Trion mill) . 1 ' dol. per yd.. . 074 . 082 . 080 . 077 . 076 . 079 . 0821 .081 . 077 . 076 Cotton cloth finishing:• 0771 .0781 .077 Production: Bleached, plain.••••••••••••. thous. of yd .. P149, 350 163,772 150, 138 137,053 106, 741 101,015 113, 209 111, 581 I 134,386 126, 726 128, 898 145, 390 a 137, 335 Dyed, colors ..•...•••••.••.•• thous. of yd .. P119, 792 117,562 104,689 97,838 73,954 66,472 73,651 73,407 ! 89,420 87, 679 87, 992 107, 283 a 104, 987 Dyed, black •..••.•••••.•.••• thous. of yd.. • 6, 907 6, 416 5, 916 5, 834 4, 885 5, 686 5, 738 6,162 'I 7, 985 6, 693 6, 114 a 6, 999 a 6, 013 Printed...•••••••••...•...••• thous. of yd •. vl17, 485 131,426 122,951 114,803 83,414 75,833 84,499 90, 772 126, 384 114, 139 107, 379 120, 203 a 117, 780 Stocks:• Bleached and dyed ••.•••••.. thous. of yd .• P291, 481 327, 040 308,895 310,471 314,413 310,039 269,461 266,886 277, 030 298, 233 284, 473 288,864 276, 863 Prlnted••••..••••.•••••••••.. thous. of yd .. "97, 732 99,614 106,388 107, 128 118,034 109,756 101,057 101, 083 108,830 111, 758 107, 585 100,008 97, 232 Spindle actlvity:t 1 Active spindles .••••••..•.••••... thousands.. 24,571 26,525 26, 485 25,896 24,621 24,418 24, 154 22, 113 25,095 25,051 25,057 25,146 24,925 Active spindle hours, totaL.mills. of hours.. 6, 663 7, 706 7, 2591 7, 268 5, 241 5, 152 5, 753 3, 716 ,1 7, 185 6, 703 6, 027 7, 510 6, 575 Average per spindle in place ..•.•••hours.. 216 249 234 234 169 167 186 120 I 233 217 195 244 213 Operations ••••••••••••.percent of capacity.. 92. 9 102. 7 105.6 98.0 72.6 74.3 76.8 54.3 97. 1 94.0 87.1 102.6 100.2 • Revised. • As of Dec. 13. d As of Jan. 16. • Preliminary. • New series. For earlier data on gypsum, seep. 20 of the January 1933 issue; the new series on hosiery compiled by the Hosiery Code Authority and are estimated to represent 95 percent of the industry. The revised data on hosiery presented in the October 1934 issue are based on a check of the data previously reported, made by the Code Authority. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the Industry; comparable figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are as reported at end of each 4-week period. , For revisions for crop years 1931-32, 1932-33, and 1933-34, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, and p. 53 of the October 1934 issue, respective! y. t For revisions of cotton consumption, domestic stocks and spindle activity for crop year 1931-32, seep. 20 of the February 1933 issue, for crop year 1932-33, see pp. 52 and 53 of the November 1933 issue, for crop year 1933-34, seep. 53 of the October 1934 issue. Data on hosiery revised by the Code Authority; revised data for the months of 1933 previously shown in the Survey, and comparable data on shipments back to 1929 will be shown in a subsequent issue. i For 1932 revisions seep. 53 of the June 1933 issue; for 1933 revisions seep. 20 of the September 1934 issue. # See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 Issue. • Stocks at end or 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subse:juent data for succeeding 4-week periods. ' Discontinued by reporting source. 54 SURVEY OF CURREKT BUSINESS May 1935 ======~======-=-=~=-·======~======Monthly statistics through December 1931, I 1935 1934 I 1935 together with explanatory footnotes and refer- --- 1 ences to the sources of data, may be found in 1 March March 1 April May f June July II August Sebpetrem·.•,· October 1 Nobveerm·l. Debceerm- January , Feabryru· the 1932 Annual Supplement to the Survey ! I I 1 1 TEXTILE PRODUCTS-Continued i I I RAYON AND SILK I I I I Rayon: Import•l*------thous. of lb .. ,1 26 42 14 30 ! 241 27 11 22 9 I 291 J Price, wholesale, 150 denier, "A" grade I (N. Y.l------dol. per lb __ , .60 . 65 .55 . 55 ! . 55 • 55 1 • 55 .55 . 55 I . 55 . 57 I . 60 . 60 Stocks, imported, end ofmonth.thous. of lb .• i ______467 ' 449 I 440 ' 372 280 1 275 276 2721 265 264 a 263 262 ffi~ I I Deliveries (consumption) ______bales .. ! 44,347 44, 080 ! 37, 392 38,740 i 33,069 32, 021 I 36, 247 32,599 49,106 j 37,548 40,941 47,443 41, 732 Imports, caw§# ______thous. of lb .. , 5, 658 5, 796 4, 798 5,176 ' 5,037 4, 719 1 4, n1 6, 846 5, 387 i 7, 219 2,566 5, 278 6, 5lf) Prices wholesale: 'I Raw, Japanese, 13-15, N. Y •.. dol. per lb.. 1. 327 1. 405 ! 1. 318 1. 284 1.199 1. 139 ,,. 1. 133 1.125 : 1. 185 ! 1. 292 1. 358 1. 348 1. 432 Silk goods, composite•..•.•... dol. per yd .. 'r • 94 1.04 : 1. 01 ' . 96 ! . 93 .92 .93 .93; . 93 ! . 95 . 96 . V6 . \16 Stocks, end_ i]i [! :: :···=·· :: MISCELLANEOUS PRODUCTS Burlaps and fibers, Imports:§# 1 Burlaps.------thous. of lb .. · 3.5, 113 am ~m ~a~~~ ~ml~m~~rn ~m ~m'~m ~~ 49,447 Fibers.------.long tons .. ; 18,035 ~~ ~w ~m~~~ ~~~~- ~m ~oo ~~ ~~ ~~ 20, 271 Buttons and shells: · Buttons: Imports, total§# ______thous. of gross.. 80 78 m1 M n: m•l n 72 M ~ 119 t'3 From the Pbilipplnes ....thous. of gross .. ; 68 47 n a a1 m m M ~ ~ 103 44 Fresh-water pearl: i 1 1 Production ..... ______percent of capacity--'------62.7 61.7 57.91 40.0 23.7 II 34.51 37.0 43 1 I 48.4 41.1 II 44.8 i>O. 3 Stocks, end of month••.•.. thous. of gross... 8, 3571 a 7, 165 7,327 7, 303 i 7, 118 6, 791 1 6, 634 1 6, 432 6, 296 I 6, 396 6, 236 8, 676 8, 536 Shells, imports, total§# ••.•.••.. thous. of lb .. l 634 1, 608 345 I ~~g : 335 , 1, 644 222 ~9 442 1, 266 811 4fl0 m 1 Mother-of-pearJ. ______thous. of lb .. , 607 657 168 772 432 1 Tagua nuts, imports§#______thous. of lb .. i 1, 479 867 1, 148 m1 ~ m ~~ 1, 119 ~!05 1, 206 960 I =! 95fl fi-Hl Elastic webbing, shipments .•.••thous. of doL' 1, 018 = Fur, sales by dealers ______thous. of doL. v 2,171 3,310 2, 241 I J1i I J~!, 2.~~! 2J~ 1 d~b ~.~~~ 1.~~~, 1.m 1, iU9 a 1,1H2 Pyroxylin-coated textiles (artificial leather): ! 1 I Orders, unfilled, end of mo.thous. linear yd .. 2, 8221 3. 811 3, 346 ! 3, 139 I 3, 224 3, 323 3, 065 I 3, 050 I 2, 930 I 2, 988 2, 787 ' 3, 036 2, (1(13 Pyroxylin spread ______thous. of lb .. 4, 829 5,199 a4, 258 I 3, 350 I 2, 706 2, 972 ' 3, 654 l 3, 294 3, 325 3, 257 3, 337 I 4, 214 4, 4H Shipments, billed ..... thous. of linear yd .. 4, 691 4,854 4,023 I 3, .:::32:.-7..cl_:_2,'-'6=-=4=-5 _ _:2::.·~64.::9:....c.i---"'3, 059 : __:3:.-•:..03:.:1:....:...1 __::3_,_,1:.:2c:5....c:_::!2'-"8"'33~_::3:c., .::19:.:_7_cl_.::'_3,~7:!.38"-'.._~4c_:. 0~57 a llcvised. # See footnote on p. 3.5 of this issue. • Since July 1934 report l.Jas been on a weekly basis. Data for September and December, are for 5 weeks; other months, 4 weeks. Figures for July and succeeding months are computed from Census Bureau figures so as to represent. 100 percent of the wool industry. § For 1032 revisions see pp. 53 ond 54 of the June 1933 issue, and for 193:l revi:,ions sec p. 20 of the October 193-l issue. t Compiled by tbe Silk Code Authority (The National Federation of Textiles. Inc.) and represent t.be percentage of operations based on an 80-hour week (2 shifts of 40 hours each). Data are not comparable with the series previously shown In the Survev which were based on a smaller sample and computed on the basis of a 48-hour week. • New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piece goods (stock-carrying mills only) see p. 19 of the April1035 issue, excepting for yardage on looms. "·hich is shown on p. 20 of the August 1934 issue. Wool stock series began in June 193·!. • Beginning with tbe July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statis tics presented herewith are still based on the pre-code computed normnl (currently based on the sin~le-shift performance over the 5-year period 19~-32). The current data represent practically romplete coverage or the industry. No allowance for holidays in Jan. 1934; Jan. 1935, and Dec. 1934. Conversion will be made for earlier months (since efiective date of code) at a later date. • Foreign receipts for year 1934 are compiled by U. S. Department of AuricuUure and are not comparable with data carried through December 1933. This results In a total figure which also is not comparable with earlier data. ,Compiled by the Rurean of the Census and represent stocks of raw wool held by all dealers, toprnakers, and manufacturers who usually hold significant storks of wool. The figures for the 3 quarters of 193-! bavQ been re,·ised to include the "grade not stated." t thease enuivalent of shorn wool. plt1s actual weight of pulled wool. Conwrsious are based on towls; ccoured wool is multiplied by~ and pulled wcol by 1 )>. Includes elothing and carpet wools. • Preliminary. 2 Discontinued. May 1935 SURVEY OF CURRENT BUSINESS 55 Monthly statistics through December 1931,119351 1934 1935 together with explanatory footnotes and refer- --- , 1 . ~nces to the sources of the data, may be found Mar h March April I May j June July August Septem-1 Octobfr N ovem- Decem- January Febru- m the 1932 Annual Supplement to the Survey c , ! i1 ber , ber ber , uary 1 1 1 1 1 1 1 TRANSPORTATION EQUIPMENT AIRPLANES ! I I Production, totaL ------number.. ------97 120 1831 205 155 191 1 180 I 120 Commercial (licensed) ______number .. ------56 67 102 122 105 81 60 Ill57 I ~~ 1::::::::: ::::::::: Military (deliveries) .••••••••.•••••number.. ------26 35 57 65 19 10~1 15 24 42 21 ------For export ______number•. ------15 18 18 31 81 84 36 12 15 ------241 Exports AUTOMOBILESt I Canada: Automobiles, assembled .••. ____ number __ 9,355 4,920 3,950 4,205 5,255 6, 555 3,5171 3,343 I 3, 778 1, 929 641 1, 598 4, 858 Passenger cars. ------number __ 6,665 4,161 2, 930 3,185 3,970 4,6921 2, 5321 2, 285 2, 754 1,140 367 1, 379 4,342 United States: Value. (See Foreign Trade.) Automobiles, assembled, total§ .. number.• 29,806 26,217 27,265 24,670 24,887 23,959 1 19,827 1 17, 766 15, 552 16,280 15,420 17, G26 21.827 Passenger cars§. ______number•• 20,986 16, 141 16,509 16,058 18,071 17,621 i 12, 522 I 10,206 8,040 9,208 8, 279 11,035 15,067 Trucks§ .....•• ------·------number __ 8,820 10,076 10,756 8,612 6,816 6, 338 I 7,305 7,530 7,512 7,072 7,141 6, .591 6, 760 Financing: Retail purchasers, totaL •...•. thous. of doL. 69,203 87,998 95,48.1 67,209 68,224 55,303 43, 789 a 5n, !52 a fi6, 419 95,149 99.591 99,114 I 87,700 II New cars ..•...••..••..••••. thous. of doL. 61,695 46,428 59,772 67,991 I 68,842 65,093 58,029 43,250 42,738 33,784 24,761 a 35,937 a 42,779 Used cars. ______thous. of doL. 31,598 21,368 26,694 29,763 28,401 28,601 28,028 22,708 24,127 20,390 18, 016 a 18, !155 a 22, 285 Unclassified ______thous. of doL 1,856 1,407 1, 532 1, 837 1,871 1, 791 1,643 i 1, 252 1,360 1,120 1, 0121 a I, 260 1, 355 Wholesale (manufacturers to dealers) ' thous. of doL 145,519 102,776 121,061 123, 691 102,706 90,294 85, 108 I 55, 586 45,363 29,730 36, 530 , a 93, 830 a ] 06, 054 Fire-extinguishing equipment:t ' I Shipments: ! i Motor-vehicle apparatus •••••.•.number.. ~6 28 35 25 I 36 32 45 I 39 31 25 40 !· :lO 22 Hand-types ..• ------number.. 21, 713 17,956 16, 597 28,915 22,264 22,183 21, 4951 23, 056 24,007 31,219 21, 536 1I 23, 109 I 20, 697 Production: Automobiles: ! I Canada, totaL ______number.. 21,975 14, 180 18,363 20, 161 13,905 11, 114 9, 904 i 5, 579 3, 780 1, 697 2, 732 i 10.607 1 18, JJ4 Pa•senger cars .•....•.....•.•••.. number .. · 18,179 12,272 15,451 16, 504 10, 810 8, 407 7, 325 : 4, 211 2,125 1,052 2, 334 1 8, 21i9 I 13,885 United States, total f.------number.. 429,830 a338, 434 354,745 331, 652 308, 065 266, 576 234,810 1: 168,871 132,491 78,465 183. 187 j 292, 765 1 340, 544 Passenger carst ------number.. 361,813 az79, 274 289,030 273, 765 261, 852 223, 868 183, 500 123, 909 84,503 45, 550 121,944 , 229, 199 I z7s, 15o Taxicab~• ------number...... 16 1 0 I 0 I 0 0 0 0 6 Trucksf.• __ ------number.. 68, 017 a 59, 160 65,714 57, 887 ' 46, 213 42, 708 51, 310 I 44, 962 47,988 32,909 M, lM 1""63;5r.ii I. 62,394 Automobile rims ______thous. of rims.. 1, 724 1,652 1, 636 1, 140 I 1, 016 1, 155 752 ! 526 630 578 1, 199 1, 869 1, G16 Re~tistrations: ! New passenger carst.------number•. • 240,000 173,287 222,900 219, 163 : 223, 642 228,760 193. 828 - 146, 931 140, 880 107, 648 75,514 1136,6351 a 170,615 New commercial cars• ______number •. >39,000 33,894 38,882 39,831 r 34,778 37,490 40, 790 .1 37, 225 40, 878 28, 689 24, 125 I 34,759 ] 34, 797 Sales: General Motors Corporation: I 1 To consumers ... ------number __ 126,691 98,174 106,349 95,253.112,847 101,243 71,648 69,090 62,752 41.530 1 54.105 77. 2!17 To dealers, total , ______number •. 169, 302 153, 250 153, 954 132, 837 : 146, 881 134, 324 1gg~ 1: 71,888 72,050 61,037 41, 594 I 9s, 21\8 121, 11r. U.S. dealers ______number.. 132, 622 119, 858 121, 964 103, 844 ' 118, 789 107, 554 87,429 53,738 50,514 39,048 28, 344 ' 75, 727 92.907 Shipments, accessories and parts, total• I I Jan. 1925=100.. ______141 127 115 ! 106 99 92 1 81 79 77 99 I 113 123 Accessories, original equipment 1 Jan. 192.1=100.. ~.------ 150 130 112 101 95 85 n· 66 66 101 I 115 123 Accessories to·wholesalers•••. Jan. 1925:100.. ------ 73 72 83 ' 96 82 101 101 I 107 124 1101 92 102 Replacement parts ••..••.•••Jan. 1925-100.. ------139 145 143 135 127 134 129 135 123 103 I 12fi 145 72 71 86 71 67 68 60 61 56 65 70 Service~!~i:~~-E-QUiP~~~~25=100 .. 1 ______551 Equipment condition: ! Freight cars owned: 1 I Capacity. ------mills. of lb.. 181,777 191,149 190,079 189,700 I 189,426 188,491 186,889 186, 117 185,497 184,898 183, 363 1182, 685 I a 182, 117 Number, totaL •• ------·---thousands __ 1 1, 888 2, 007 1, 994 1, 989 ' 1, 985 1, 971 1, 949 1, 938 1, 932 1, 925 1, 907 1, 900 1, 892 Bad order, totaL •...... •...number .. 274,775 291,081 295, 191 301,368 i 298,846 299,780 293, 173 296,418 297,546 295,947 290,709 11285, 256 ' 277,451 Percent of total in bad order ••• ------14. 8 14. 7 15.0 15. 4 I 15.3 15. 5 15.3 15. 5 I 15. 6 15. 6 15. 5 15. 2 I 14.9 Locomotives, railway: Owned: I I I 1 I 2, 334 I I Tractive power •••..••.••••• mills. of lb.. 2, 232 2. 356 2. 345 2. 341 I 2, 310 2, 297 : 2, 285 ' 2, 278 2, 271 2, 251 2, 2~3 1 ~· 2a6 Number ------·-----number-- 46, 237 49,861 49,573 49,395 i 49,211 48,587 48,209 : 47,782 : 47,553 47,329 46, 869 I1 46, 636 I 46, 363 Awaiting classified repairs •. number.. 10,389 11,259 11,095 11. oso 1. 10, 8oa 10, 789 10, 771 i 10, 616 , 10,676 10, 718 10, 344 10,419 10,423 Percent of totaL------22. 5 23.502 224. 86 223. 87 : 224. 30 22. 3 22. 41 22. 2 : 22. 5 22. 7 22sl 22sg 1 22(;~ Installed ..••••...•...•••..•...••. number __ 45 ro ~ ~~ ~ 68 Retired------number.. 171 1 543 I 261 I 337 Passenger cars: On railroads (end of quarter) •.•. number•. ------1 45,::: ~-----~~~-~-----:~~-~ 45, :~: ••.•• ::~.j ..... :~~-! a 44,::: :_____ :~ ...... :~:.I 43, Equipment manufacturing: 1 3541------j--- Freight cars: I I i I ' I ' Orders, new, placed by railroads••..• cars.. l 0 522 ! 750 517 I 1, 217 0 113 I 41 75 4 806 Orders, unfilled, totaL .•.•....•.•••. cars •. 6, 512 I 15,964 21,011 ! 17,813 13,755 I 8, 372 5, 495 3. 080 1, 771 ~g~ I si~ ! 427 Equipment manuracturers ______cars __ i 444 30 1, 700 1 10, 000 15, 174 i 12,516 9, 607 ! 5, 525 3, 422 1, 795 9.)9 53 'i 399 113 Railroad shops._ ·------Cars •. l 414 4, s121 5, 964 5, s37 , 5, 297 4,148 1 2, s47 2, on '· 285 812 575 419 314 Shipments, totaL. ------cars.. 1 143 25 159 191 ' 1, 618 I 3, 129 , 4, 186 3, 331 1, 78s 768 999 1 J2J 99 Domestic.•...... •.•.• --.--....cars .. l 143 21 I 159 190 ! 1, 616 I 3, 059 I 4, 184 3, 329 1, 768 748 ' 9951 a65 99 Locomotives, industrial electric (quarterly): i I ' I Shipments, totaL ...•...... ••...number .• l 39 63 Mining use ______number __ i 30 63 Locomotives, railway: i ~ :======:::::::::: ~~ i======i==::::::: ~~ ,::::::::: :::::::::: Orders, new, placed byrailroads•. number __ r 8 3 I 40 17 3 ' 0 5 69 0 Orders, unfilled, end of month: Equipment manufacturers (Census) totaL .. _.•. ___ . __ .. __ ••.••• number __ ' 91 121 ~ 146 136 137 133 135 127 118 127 I 127 115 i' 102 Domestic, totaL .•••..•••.•.• number.. 86 117 ' 142 125 126 122 123 115 106 125 I 121 109 97 Electric __ .•.•. ------number.. 1 78 gl 88 00, W m W M M ~~ 101 i 96 8·! 1 Steam .. ___ ------number __ 8 0 M M m m M W 00 WI 20 i 13 !a Railroad shops (A. R. A.) ••••• number.. 1 1j 1 o o 20 o o, o o; 0 I or 0 Shipments: ' ! ' Domestic, totaL ••.•.•.•.•.•... number •. l 16 21 13 !' 12 11 i 00 II 3311 ' 22 60 i 42 133. i 121 16 \ Electric.... ______.... ____ ._._ number._ 11 3 (i: 12 " I Steam. ------number __ , 5 0 0 ' 0 0 6 I 2 10 9 1g 18 I I 0 Exports, totalt------number.. · 8 7 i 10 ! 12 14 8 17 8 ' 6 28 4 9 ' Electric ••• _------.•...... number __ 7 7' 7'1 11 10 7 14 8 3 17 3 ti ' Steam •. ------.... number __ , 1 01 3· 1 4, 1 3 0 3 11 1 3 ' Passenger cars: Orders, new, placed by railroads.number.. ' 0 58 751 47 0 ' 0 i 2 0 0 0 ! 0 Orders,unfilled(end of quarter).number.. ______9~ 11 i------&r··-·5;;- ~~~ ,______41------2·1 182 Shipments, totaL...... •...••. number.. 13 ------o·r------·o· g 44 Jt) Domestic. ------number __ j 13 0 : 0 J 0 0 ] 5 i 56 38 , 41 2 I 29 10 • Revised. • Preliminary. • New series. For earlier data seep. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars. t Revised series. For earlier data seep. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 1932 exports locomotives. Data on automobiles revised for 1933. See p. 55 or the August 1934 issue. t Index of sales of new passenger cars is shown on p. 26 of this issue. § Data revised for 1932. See p. 54 or the June 1933 issue. Data revised for 1933. Bee p. 20 of the September 1934 issue. • Taxicabs are included in figures for passenger cars, beginning January 1935 in order to avoid disclosure of individual companies, , United States and Canadian dealers, plus overseas shipment. 56 SURVEY OF CURRENT BUSINESS May 1935 Monthly statistics through December 1931,11935 1934 1935 together with explanatory footnotes and refer- - 1 !'nces to the sources of the data, may be found March March April \ May ' June I July i August Septem- October\ Novem· Decem· Januaryj Febru 1n the 1932 Annual Supplement to the Survey ! ber ber ber ary 1 1 1 1 TRANSPORTATION EQUIPMENT-Continued ELECTRIC TRUCKS AND TRACTORS I I I Shipmpnts,lndustrlal, total •••••••••• number.• 58 70 ~ 72 63\ 65 29 38 39 45 24 50 42 58 Domestic.•••.••••••••••••••••••••• number.. 55 64 71 60 64 27 37 36 43 23 45 42 57 I 1 Exports ••••siii;iuii.niNn ____ number.. 3 6 , 1 3 1 21 1 3 2 1 5 0 1 United States: 11 Merchant vessels: I' 1 Under construction ••• thous. of gross tons •• ------42 48 46 35 33 32 33 49 50 38 36 Comf)leted during month.total gross tons.. 14,510 5, 314 1 12,904 11, 958 7, 535381 10,970 5, 156 49,975 2, 441 2, 370 2,430 3, 103 4, 483 SteeL •••.••••••.•••••••.•total gross tons.. 11,344 2, 085 1 8,101 9, 843 3, 256 7,877 2, 907 I, 601 1, 555 858 447 2, 097 3, 740 1 wfw~:~rt~l~~: ______ships.. 551 ______1 ______991 ______------129 124 ------:------Tonnage ••••..••••••• thous. of gross tons.. 278 86 1------j------~ 145 ---·----- 307 384 UnderNumber construction:••••••••.•••••.•••.•.•.•.••• shlps.. 269 1.------l----·----I 288 ------296 ------\ 271 Tonnage.•.••••••.•••• thous. of gross tons.. 1, 270 1, 079 ------·' ------1, 216 ------I, 311 1, 252 ;;;;;;;;r;;;;;;; CANADIAN STATISTICS Business indexes:• I 1 93.1 ~ Physical volume of business .••.••1926= 100 .• · 94.2 92.6 99.6 i 95.81 95.7 99.0 97.1 i 96.51 92.4 97.5 100.6 Industrial production, totaL••.• 1926:too.• l 93.3 92.0 91.4 99.9 95.2 I 95.6 99.8 97.5 95.395.91 97.0 91.0 97.8 101.1 Construction 1, ...... ----.. 1926-100.. 51.3 a 35. 7 a 28.3 a 34.3 a 25.1 I a 34.8 a 39.9 a 40.4 , a 37.2 a 42.2 a 30.6 73.4 76. g Electric power------·-·------1926: 100 •• 190.5 176.0 176.7 188.5 t8s. 1 I 180.6 184.8 162.7 ! 170.4 181.4 188.8 189.7 188.9 Manufacturing. ------1926-100•• 86.8 8s.s 1 87.7 100.2 98.7 I 99.0 100.7 99.5 : 94.8 i 96.0 91.8 88. g 92.5 Forestry•.• ------·------1926= 100 ..1 93. 1 100.31 94.2 103.6 too.t I 96.7' 98.4 93.8. 100.31 104.1 110.3 95.7 95.2 Mlningt•.••••••••••.• ----••.. 1926 = 100 .. I 143.4 149.0 160.2 146.3 127.3 ' 117.2 135.7 132.9 143.5 137.5 121.8 140.4 143.5 Distrlbuti_on •••• ------••••.•.••• 1926: 100 •• 1 96.8 96.3 96.0 98.5 97.5 I 96.2 96.7 96.2 97.2 I 95.2 96.1 97.1 99.4 Carloadmgs ••• _-·------1926-100 .• 73.3 74.3 76.0 75.6 73.41 72.3 74.9 67.0 65.9 65.7 75.8 78.3 Exports (volume) ••••.••••••.• 1926= 100 .• 1 73.8 73.0 69.6 79.6 77.1 . 76.7 77.3 82.8 ~~: ~! 60.6 61.6 70.1 79.2 Imports (volume) ••••.••••••• 192fl=100 .• 1 65.6 64.7 69.3 82.8 73.1 ! 72.2 70.0 73.5 : 78.2 ! 85.3 72.6 71.3 70.7 Trade employment.•••••••••. 1926= 100 •. 1 120.5 119.2 117.2 117.8 119.6 I 118. o I 118.0 119.8 119.5 i 119.3 123.8 1!8. 9 120.7 Agrlc~ltural ma_rketing .•.••••••.• 1926=100 .• 65.4 63.8 56.9 130.6 97.21 148.8 172.8 127.7 : 61.21 51.2 36.0 30.6 62.2 Gram marketmgs••..•••••.•••.• l926=100.• 57.7 58.7 49.3 140.1 99.6 164.0 195.8 139.0 57.9 46.3 29.0 19.3 55.2 Livestock marketlngs.••••.••••• 1926=100 .• 100.0 86.4 90.6 87.8 86.7 80.5 I 70.0 76.7 75.7 . 72.8 67.3 81.5 93.4 Commodity prices: 1 Cost of living index a' ------·--1926=100.• 1 79.0 79.9 79.4 78.5 78.21 78.4' 78.7 79.0 79.31 79.4 79.0 78.9 79.1 Wholesale price lndex#••.•••••••.. 1926= 100 .• 1 72.0 72.0 71.1 71.1 72.0' 72.3 72.0 71.2 71.2 a 71.4 a 71.9 Employment, total (first or month).1926=100.• ' 96.4 92.7 91.3 92.0 96.672.1 I 101.0 99.9 98.8 ~~~: 5 i 100.2 98.9 94.4 94.6 Construction and malntenance.••. 1926=100 ...1 94.2 100.8 95.8 95.8 116.7 140.6 ' 129.0 118.1 117. o I 111.0 100.3 87.9 87.2 Man.ufacturing ••..•••••••••.••.••1926=100 .• i 92.7 86.5 88.1 90.2 93.2 93.8' 94.2 94.3 94.4 I 92.8 91.3 87.4 90.1 118.8 108.9 103.6 106.2 107.0' 110.3 112.4 121.2 119.1 103.31 111. g I' 122.9 120.3 111.7 109.3 111.8 111.7 115.4 119.7 123.0 125.5 116.2 114.9 115.2 1!5. 2 111.9 ~1~~==~=~===:::::::::::::::::::~~~!:~~==1 116.7 112.5 116.1 115.6 116.5 119.1 116.5 117.1 120. o . 121.3 126.0 130.6 116.6 Transportation ••••••••••••.•• --.• 1926 = 100 •• 1 76.5 78.0 75.9 78.5 80.3 82.6 83.6 83.6 84.8 83. g 80.1 76.2 76.2 Finance: ' 1 Banking: I Bank debits •••.••.••••••••••mllls. of doL 2, 236 2,489 2,ii36 3, 129 2,602 2, 767 ' 2,534 2, 581 3,410 I 3,092 3,040 2,682 2, 089 Interest rates. ------1926= 100... 79. 5 90.1 87.7 84.8 85.4 83.1 82.3 82.0 81.0 76.2 76.2 78.3 Commercial failures•. ------number __.------ 140 141 132 115, 122 103 113 82.91130 119 124 107 --· Security issues and prices: New bond issues, totaL •••.. thous. of doL. 16, 378 26,059 31,964 76,972 9,514 51, 762 • 54,968 16,945 271,065 5, 248 48,883 35,363 25.495 Corporatlon .•.••••.•.••••. thous. of doL. 1,012 380 16,280 6, 602 2,200 765 2, 2:ll 3, 210 450 I 685 8,100 I, 205 5,100 Dominion and provlnciaL.thous. of doL., 15, 000 22,700 15,000 57,707 0 50,000 ' 52,150 9,634 270,000 0 18,878 33,730 19,100 MunlclpaL...... thous. of doL. 366 2, 979 684 664 7,314 997' 587 4, 101 615 I 4, 563 I, 405 428 I, 295 Railways•••••••••••••••.•• thous. of doL.' 0 0 0 12,000 0 0 0 0 Ol 0 20,500 0' 0 Bond yields ..••..•••.•.•.• ______percent..: 3. 81 4. 32 4.20 4. 06 4.09 3. 98 ' 3. 94 3. 93 3.97: 3. 88 1 3. 65 3. 65 ' 3. 75 Common stock prices, totalf•••• 1926=100 •• : 84.4 88.0 90.7 88.6 87.2 81.3 83.8 83.8 85.2 ' 86.0 86.2 88.6 I 87.8 Banks .••. ------·--1926 = 100 .• , 76.8 76.9 76.1 75.2 72.7 73.6 73.1 74.9 76. 1 i 78.3 79.0 80.1 ' 79.9 Indus~rlals. __ ------1926= lOO •. j 125.6 128.5 133.0 128.0 126.1 116.6 120.1 118.8 122.0 ' 125.3 125. 6 129.7 128.8 Utilities.• __ ------·--•. 1926= 100 .• , 45.1 58.8 58.1 ii6. 7 54.5 50.6 51.2 50.1 49.0 46.5 47.5 50.4 49.4 Foreign trade: i Exports.••••••.•••..••.••••••. thous. of doL, 59,026 58,364 32,047 58.543 58,643 56, 787 ' 55, 837 58,815 68,313 65,677 61,395 44,374 47,677 Imports ______thous. of doL.' 48,177 47, 519 34,815 52,887 46,186 44, 145 43, 507 42,208 47,229 49,884 39, 108 37, 229 37,044 Exports, volume: i Automobiles. (See Transportation Equip.)! Newsprint. (See Paper.) I Wheat ______thous. of bu._: 8, 906 10,103 3,568 19,024 18,426 12, 979 ! 14, 710 17,588 21, 808 l 18, 770 17,336 5, 380 7, 207 Wheat flour .•.•••.•.•.••••.. thous. of bbLi 497 493 341 482 441 408 412 369 486 I 504 341 346 ' 310 Railway statistics: , i Carloadings .• ------thous. of cars .. j 187 189 177 194 193 188 i 205 212 243' 211 172 182 ' 180 Financial results: ; 20,953 !' ______Operating revenues.••••.••.. thous. of doL.1 ______24,657 23,395 26,069 24,436 25,206 25,201 27,605 29, 151 25,702 24,778 21), 21,688 Operating expenses..•.••••.. thous. of doL------1 20,630 19,488 21,240 763 22,066 ' 22,947 21,453 19,916 19,902 20,475 '------Operating lncome •••••...... thous. of doL I ______2,976 2,839 3,814 2,636 2,114 ' 1,180 4, 998 6, 746 4, 797 3,629 419 ------Operating results: j1 Freight carried 1 mlle.....•. mllls. of tons •. ______1, 986 1,869 1,873 1, 721 1,879 ! 1, 751 2, 366 2, 561 2,226 1, 739 1,576 ;______Passengers carried 1 mile ••. mills. of pass.• •______127 10.3 103 183 150' 169 134 106 94 136 115 ]--- Commodity statistics: 1 Production: Automobiles. (See Transportation Equip.) Electrical energy, central stations I mills. or kw.·hr.. 1, 944 1, 7971 1, 698 I 1,831 1, 709 ' 1, 621 1, 677 1, 627 1,853 I, 954 2, 053 2, 013 1, 803 Pig iron ...... thous. of long tons.. 45 27' 37 37 42 43 47 39 42 44 37 Steel ingots and castings I thous. or long tons •. 58 70 i 64 67' 64 57 58 57 59 60 56 Livestock, Inspected slaughter: I ~:I ~I Cattle and calves...•• thous. of animals •• 105 106 1191' t33 1 116 107 i 111 . 117 148 130 86 96 83 Swine •.••.•...•.•••.. thous. of animals .• 243 252 223 178 169 179 230 289 294 282 I 255 2671 1 Sheep and lambs.•.•. thous. of animals .. 40 32 56 75 97' 113 192 95 37 2~~ II 40 I Newsprint. (See Paper.) I 341 Silver. (See Finance.) ! Wheat, visible supply. (See Foodstuffs.) I Wheat fiour ..•..•.•.•••..••••. thous. of bbL. ______1,064 1,089 I 1,1751 1,127 1,073 i 1,282 I 1,383 1, 654 1, 704 9::1 I, 0251 941 • Revised. , Data for 1934 revised. Revision for Jan. 46.8; Feb. 33.7. • New series. For earlier data seep. 18 of the February 1933 Issue, business Indexes, and p. 20 of the October 1933 Issue, commercial failures. t Revised series. Seo p. 55 of the April1934 Issue, construction, and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of additional stocks being added; for revision seep. 56 of the April1934 Issue. # Number of commodities changed from 502 to 567 beginning with month of January 1934. a' Data revised from January 1932 through July 1933. Revision for 1932 seep. 55 of the November 1933 Issue. For final revisions for 1933 seep. 56 of the October 1934 issue. NOTE.-The following applies to series on p. 30. Data for 1934 revised. Revisions for Jan. weekly earnings (dollars), all wage earners, 18.77, male, skilled and semiskilled, 20.92; male, unskilled, 15.47; female, 13.59; (index numbers) all wage earners, 70.5; male, skilled and semiskilled, 67.9; male unskilled, 69.4; female, 78.8. Feb. (dollars), all wage earners, 19.88; male, skilled and semiskilled, 21.93; male unskilled, 16.24, female, 14.48; (indexes) all wage earners, 74.7; male, skilled and semiskilled, 71.2; male unskilled, 72.9; female, 84.0. Hourly earnings Jan. (dollars). All wage earners, 0.552; male, skilled and semiskilled, 0.610; male unskilled, 0.458; female, 0.413. Feb., male, skilled and semiskilled, 0.617; male, unskilled, 0.460; female, 0.417. NOTE.-The following applies to series on p. 29. Data for 1934 revised. Actual hours of work per week, Jan. 34.0; Feb., 35.6. 0 INDEX TO MONTHLY BUSINESS STATISTICS Page Page Page Abrasive paper and cloth ______Fairchild retail price index______23 Acceptances ______51 Oils and fats------37,38 30-31 Fares, street railways.~------35 Oleomargarine______38 Accessories, automobile ______55 Farm employees______28 Paints______38 Advertising, magazine, newspaper, radio ___ _ 25,26 Farm prices, index______23 Paper and pulp ______22, 23, 27, 28, 29,50, 51 Africa, United States trade with ______34,35 Federal Government, finance______33 Passenger-car sales index______26 Agricultural products, cash income received Federal-aid highways ______25,28 Passengers, street railways; Pullman ______35, 36 from marketings of______23 Federal Reserve banks. condition of______31 Passports issued______36 Agricultural wages, loans______30 Federal Reserve member bank statistics____ 31 Pay rolls: Air-conditioning equipment______48 Fertilizers ______------37 Factory______29 Air mails ______------____ 36 Fire-extinguishing equipment______55 Factory, by cities and States______29 Airplanes ______36, 55 Fire losses_------25 Nonmanufacturing industries ______29,30 Alcohol, denatured, ethyl, methanoL ______36,37 Fish and fish oils ______37,42 Pennsylvania, employment, pay rolls ______28, ~9 Aluminum______49 Flaxseed______38 Petroleum and products ______22,27, 28, 29, 43,44 Animal fats, greases ______37,38 Flooring, oak, maple, beech, and birch______45 Pig iron ______22, 46,47 Anthracite industry ______22, 29, 43 Flour, wheaL______41 Pork ______41,42 Apparel, wearing______29, 53 Food products ______22, 23, 27, 29, 39, 40, 41,42 Postal business______26 Argentina, United States trade with; ex- Footwear ______45, 52 Postal savings______31 change; flaxseed stock ______32,35.38 Foreclosures, real estate______25 Poultry ______----- ______23,42 Asia, United States trade with ______34,35 Foreign trade, indexes, values ______34,35 Prices: Asphalt_ ____ ------44 Foundry equipment______48 Cost of living, indexes______23 Automobiles __ ------22, 26, 27, 28, 29,55 France, exchange; United States trade with_ 32, Farm indexes______23 Babbitt metaL______49 34,35 Retail indexes______23 Barley______40 Freight cars (equipment) ______27,55 Wholesale ind.exes ______23, 24 Bathroom fixtures______47 Freight carload1ngs, cars, indexes______35 yv~rtd, foodstuffs and raw materiaL______24 Beef and veal ______------_____ 41 Freight-car surplus ______.. - ______.. _____ 36 Pnntlng______2:2 Beverages, fermented malt liquors and dis- Fruits ______------23,40 Production, industriaL______22 tilled spirits______39 Fuel equipment_ ____ ··------______48 Profits, corporation______32 Bituminous coaL ______22, 28, 29,43 Fuels ______·- ______43,44 Public finance______:>3 Boiler and boiler fittings______47 Fu<:c.iture ______46,48 Public utilities______36 Pullman Co______36 Bonds, prices, sales, value, yields______33 1 34 Gas, customers, sales, revenues __ -· ____ .. ____ 39 Book publication______51 Gas n,-,d fuel oils______44 Pumps______49 Boxes, paper, shipping______51 Gasoline______44 Purchasing power of the dollar______24 Brass______------______50 General IVIotors sales ______------55 Radiat;..•rs______50 Brazil, coffee; exchange, United States trade Glass and glassware ______22,27, 28, 29,52 Radio, advertising______25 vnth ______32,35,42 Gloves and mittens ______--- 45 Railroads; operations, equipment, financial Brick______------______52 Gold______32 statistics ______35, 36, 55 Brokers' loans______31 Goods in warehouses______26 Railways, street______35 Bronze ______------__ 50 Grains ______23,40,41 Rayon______54 Building contracts awarded ______24,25 Gypsum ______-·_____ 53 Real-estate market activity ______------_ 25 Building costs______25 Hardwoods______45 Reconstruction Finance Corporation, loans Building materials ______24,45,46, 47 Heels, rubber______52 outstanding ______33 Business activity index (Annalist)______22 Hides and &kins ______44,45 Registrations, automobiles ______55 Business failures______31 Hogs ___ . ______41,44 Rents (housing), index ______~ ______23 Butter-----______39 Hon1e Loan Bank, loans outstanding______25 Retail trade: Canadian statistics______56 Ho-:)ieq~ ______----- 53 Automobiles, new, pass!":ngec ______Candy______42 Hotels ______28, 30,36 Chain stores: Canal traffic_ - ______36 !-lousing______23 5-and-10 (variety) ____ ------______26 Capital issues______33 Illinois, employees, factory earnings _____ 28,29,30 Grocery ______26 Cadoadings ______22,35 Imports __ ------______34,35 Department stores ______26,27 Cattle and calves______41 Income-tax receipts ______-__ 33 Mail order ______27 Cellulose plastic products______38 Incorporations, business ______.. ______26 Rural general merchandise ______27 Cement______------22, 27, 28, 29,52 Industrial production, indexes ______.. ____ 22 Roofing ______39 Chain-store sales ______26,27 Installment sales, New England______27 Rice ______------______40 Cheese______40 Insurance, life ____ ------______---- __ ··-_ 32 Rubber, crude; scrap; clothing; footwear; Chile, exchange, United States trade with ___ 32,35 Interest payments______34 tires ______22, 23, 24,27, 28, 29, 51,52 Cigars and cigarettes______43 Interest rates ______--- 31 Rye______41 Civil-service employees______28 Investments, Federal Resei"ve member banks.. 31 Sanitary ware______47 Clay products ______23, 24, 27, 28, 29,52 Iron, ore; crude; manufactures ______22,46 Savings deposits______31 Clothing ______24, 25,27, 28, 29, 53 Sheep andlambs______42 Coal ______22,28,29,43 Italy, exchange; United States trade with ___ 32,35 Japan, exchange; United States trade with __ 32,34 Shipbuilding __ ------__ ------_ 22, 27, 28, 29.56 Cocoa ______---- __ ------_____ 42 Kerosene______44 Shoes ______22,24,25,27,28,29,45 Coffee ______23,42 Labor turnover, disputes______29 Silk ______23, 54 Coke______43 Lamb and mutton ______42,44 Silver ______22,32 Collections, department stores______26 Lard ______.. ______41 Skins______44 Commercial paper ______------_____ 30 Lead______49 Softwoods ______45,46 Communications______36 Leather ______22, 23, 24, 25, 27, 28, 29, 44, 45 Spain, exchange ______.. ____ 32 Construction: Leather, artificial______54 Spindle activity, cotton______53 Contracts awarded, indexes______24 Liberty bonds______33 Steel, crude; manufactures ______22,47,43 Costs______25 Linseed oil, cake, and meaL ____ ------38 Stockholders ______------______34 Highways______25 Livestock ______-· ___ 23, 41, 42,44 Stock indexes, domestic and world______23 Wage rates______30 Loans, agricultural, brokers', time, real es.. Stocks, department stores______27 Copper------49 tate______30, 31 Stocks, issues, prices, sales, yields______34 Locomotives______55 Stone, clay, and glass products______22, 8:~:ra:~r~~~~~~1:-~fl======:: ==: =:: ==::: ~~ Looms, woolen, activity_------_ 54 23,27,28,29,52,53 Com ______------_---______40 Lubricating oiL______44 Sugar__------______23,42 Cost-of-living index______23 Lumber ___ ------22, 23, 24, 27, 28,29,45,46 Sulphur______3 7 Cotton, raw and manufactures______23, 53 Lumber yard3, sales, stocks______45 Sulphuric acid______37 Cottonseed, cake and meal, oil______38 Machine activity, cotton, silk, wool______53 1 54 Superphosphate______37 Crops ______---- __ --- ______23, 38, 40, 53 Machine tools, orders______49 Tea ______23,42 Dairy products ______23, 39,40 Machinery ______------25,27, 28, 29, 35, 48,49 Telephones and telegraphs______36 Debits, bank______31 1\tlagazine advertising______25 Terneplate______48 Debt, United States Government______33 Manufacturing indexes______22 Terra cotta __ ------______53 Delaware, employment, pay rolls ______28,29,30 ~1:arketings 7 agriculturaL ______22,23 T~xtiles, miscellaneous prod';.lcts______~~ Department-store sales and stocks ______26,27 Maryland, employment, pay rolls ______28,29 Ttmber ______'-t-' Deposits, bank______31 Massachusetts, employment, pay rolls ______28 29 Tin and terneplate______23, 48 Meats ______41 1 42 Disputeo,Iabor______29 1 Tires ______------_____ 22, 24, 27, 28, 29, 51 Dividend payments______34 Metals_------22, 23, 27, 28, 29, 49,50 Tobacco_------_____ 22, 25, 27, 28, 29, 4.3 Douglas fir _____ ------______45, 46 MethanoL______37 Tools, machine______49 Earnings, factory ______29,30 Mexico: Trade unions, employment______23 Eggs ______23,42 Petroleum production and exports______43 TraveL ______------______36 Electrical equipment_ ___ ----______49 Silver production______32 Trucks and tractors, industrial electric_____ 56 Electric power, production, sales, revenues __ 22,39 United States trade with______35 United Kingdom, exchange; United States Electric railways______35 Milk______40 trade with ______------______32,35 Employment: Minerals ____ ---- ______22, 43,49 Uruguay, exchange______32 Cities and States______28 Money in circulation______32 United States Steel Corporation ______30, 34,48 Factory ______. ______27, 28 National Industrial Recovery Actt highway Utilities ______---- ___ 28, 29, 34, 35, 39,55 Nonmanufacturing______28 construction ______·--______25 Vacuum cleaners______50 Miscellaneous_---______28 Naval stores______37 Variety store sales index______26 Emigration ___ ------______36 Netherlands, exchange______32 Vegetable oils ______37, 38 Enameled ware______47 New Jersey, employment, pay rolls _____ 28,29,30 Vegetables ______------______23,40 Engineering construction______24 Newsprint______50 Wages ______29,30 England, exchange; United States trade with_ 32,35 New York, employment, pay rollst canal Warehouses, space occupied______26 Exchange rates, foreign______32 traffic ____ -- ______28, 29, 36 Waterway traffic______:>6 Expenditures, United States GovemmenL _ _ 33 New York Stock Exchange ______31,33 Wheat and wheat flour ______------_____ 23,41 Notes in circulation______31 Wholesale prices______23 Explosives ___ ------______-__ 37 Oats ______----- 40 Exports ______34,35 Wisconsin, employment; pay rolls ______28,29 Oceania, United States trade vnth ______34,35 Wood pulp______SO Factory employment, pay rolls ______27, 28, 29,30 Ohio, employment______28 WooL ______22, 24,54 Failures, commercial------31 Ohio River traffic.·------36 ZinC---·------22,49 TRADING UNDER THE LAWS OF GREAT BRITAIN Trade Promotion Series No. 153 • 170 Octavo Pages, Paper Bound, Price 15 Cents A practical handbook, nontechnical in its language, yet accurate in its statements con cerning the essentials of English commercial law, this publication should prove of special value to commercial lawyers, export managers, and the business community as a whole. The essential information here embodied has hitherto been supplied in day-to-day cor respondence, and otherwise, by the Commercial Laws Division of the Bureau of Foreign and Domestic Commerce. The material has been carefully reviewed and brought up to date; it has been amplified in scope with special emphasis being given to a discussion of contracts, agency, negotiable instruments, and bankruptcy. Other subjects covered include: Background of English jurisprudence; common law; statute law; The High Court of Justice; Courts of Record; court procedure; summons; pleadings; judgment; commercial arbitration. Sale of goods; suretyship and guarantee; partnership; com panies and corporations; securities and stock exchanges; common carriers; taxation; statutes of limitation; indus trial property. Following the main body of the publication will be found a special section devoted to a carefully compiled list of references and citations together with a table of abbreviations. Fol lowing this section is a detailed index of all subjects covered. This publication is viewed as a companion to Company Law and Business Taxes in Great Britain, published in June 1933 as Trade Promotion Series No. 147. A limited number of copies of this publication are available at 15 cents per copy. Copies of both of the above publications may be obtained from the Superintendent of Documents, Government Printing Office, Washington, D. C., or any district office of the Bureau of Foreign and Domestic Commerce, U.S. Department of Commerce. U.S. GOVERNMENT PRINTING OFFICE: IUS