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SEPTEMBER 1934
SURVEYOF
CURRENT BUSINESS
UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON
V O L U M E 1 4 N U M B E R 9
SUMMARY OF CHANGES IN STATISTICAL SERIES SINCE PUBLICATIONOF THE 1932 ANNUAL SUPPLEMENT
For convenience there is listed below a tabulation of the changes which have been made in the past 2 years. If back datahave been presented for the new series, a reference to the monthly issues in which such statistics appeared may be found in thefootnotes which are included on pages 22 to 56, inclusive.
NEW SERIES ADDED
DECEMBER 1932
Auto accessories and parts, composite index of ship-ments.
Canadian statistics, electric-power production index.Chain-store sales index (Chain Store Age).Civil service employment, United States.Convection type radiators, new orders.Department-store sales, Philadelphia.Factory employment, Baltimore, Milwaukee, Mary-
land, and Massachusetts.Factory pay rolls, Baltimore, Milwaukee, Philadel-
phia, Maryland, and Massachusetts.Fairchild retail price index.Gas oil and distillates, production and stocks.Gypsum, imports, production and shipments.Hourly earnings, factory {National Industrial
Conference Board).Illuminating glassware, new orders, production,
shipments and stocks.Mechanical stokers, new orders.Net gold imports, including gold released from ear-
mark.Pyroxylin rods, sheets and tubes, production and
shipments.Plumbers' brass, shipments.Plumbing fixtures, wholesale price.Residual fuel oil, production and stocks.Rubber heels and soles, total shipments.Tin consumption in the manufacture of tin and
terneplate.Tin and terneplate production.Trade union members employed, by groups.Weekly earnings, factory, Massachusetts.World prices, foodstuffs and raw materials.
JUNE 1933
Airplane travel, passengers carried, passenger milesflown.
Bond prices, United States Government (StandardStatistics).
Building costs, all types (American AppraisalCo.).
Employment, miscellaneous—Federal and Statehighways, construction and maintenance.
Face brick, machine production.Factory employment, Chicago.Factory pay rolls, New York and Chicago.Farm products, price indexes of dairy and poultry
products.Household furniture, plant operations, all districts.Lard compound, wholesale price, tierces, Chicago.Lard, refined, wholesale price, tierces, Chicago.Leather production (Tanners' Council).Nonmanufacturing employment—banks, brokerage
houses, etc.; dyeing and cleaning; and laundries.Nonmanufacturing pay rolls—banks, brokerage
houses, etc.; dyeing and cleaning; and laundries.Rope paper sacks, shipments.
DECEMBER 1933
Cellulose plastic products, production and ship-ments of nitrocellulose and cellulose acetatesheets, rods, and tubes.
Construction wage rates (E.N.R.).Highway construction under the National Indus-
trial Recovery Act.Home Loan Bank, loans outstanding.H. L. Green Co., Inc., stores and sales.Paper board, production and shipments.Pittsburgh employment index.Pittsburgh pay-roll index.Purchasing power of the dollar.Reconstruction Finance Corporation, loans out-
standing.United States Steel Corporation, shipments of
finished products.
JUNE 1934
Agricultural loans outstanding (six series).Agricultural products, cash income received from
marketings of.Beverages:
Fermented malt liquors:Production, consumption, and stocks.
Distilled spirits:Production, consumption, and stocks in bonded
warehouses.Cotton cloth (bleached, dyed, and printed), pro-
duction and stocks.Factory employment (Bureau of Labor Statistics).Factory pay rolls (Bureau of Labor Statistics).Imports for consumption.Index of new-passenger-car sales.Indexes of variety-store sales (new index).Miik, receipts, Greater New York.Registrations, commercial truck.Silk machinery activity (Silk Code Authority).Sugar, refined, imports and receipts from Hawaii
arid Puerto Rico.Vacuum cleaners (hand type), shipments.
JULY 1934
Hosiery (Hosiery Code Authority).Restaurant, total sales and stores (three chains).Silk spindles (machine activity), Code Administra-
tion Committee for the Throwing Industry.
AUGUST 1934
Silk cloth, production, shipments, stocks.
SERIES DROPPED
DECEMBER 1932
Applicants at employment agencies, Western States.Binders' board, production.Construction volume (A.G.C.)Copper:
Production, all series.Shipments, domestic, refined.Stocks (North and South America), blister and
refined.Enameled sanitary ware, baths, lavatories, sinks,
miscellaneous, all series.Enameled sheet-metal ware, shipments.Factory operations, proportion full time worked,
miscellaneous group.Galvanized sheet-metal ware, all series.Gas and fuel oil, production and stocks (combined
series).Glass containers, unfilled orders.Hides and skins, stocks, all series.Illuminating glassware, orders, production, ship-
ments, and stocks.Industrial production indexes: Copper (mined),
metals, nonferrous.Iron and steel, boilers (round and square) and
radiators, new orders.Leather, sole and belting, production, stocks, all
series.Leather, upper, production, stocks, all series.Lumber, walnut, orders, production, shipments, and
stocks.Methanol, stocks:
At crude plants.At refineries and in transit.
Milk, condensed and evaporated, total exports,production, and stocks.
Newsprint, production, percent of capacity.Paints, varnish and lacquer products, unclassified
sales, 315 establishments.Pine, North Carolina, production and shipments.Pine-oil stocks.Plumbing fixtures, wholesale price (six pieces).Porcelain, nail knobs, tubes, shipments.Stock indexes, world copper stocks.Stokers, mechanical, large (see new series), new
orders.
JUNE 1933
Bond prices, domestic, United States Liberty (NewYork Trust Co.).
Brick, face, production (brick drawn from kilns).Building costs, by types of construction (American
Appraisal Co.).Cotton textiles, production, shipments, stocks, etc.Farm products—price index of dairy and poultry
products (combined index).Glass containers, net new orders.Gold, held under earmark for foreign account.Hours of work per week in factories, nominal or
full-time week (National Industrial Confer-ence Board).
McLellan 5- and 10-cent stores (sales and stores).Rope paper sacks, shipments.Rubber, scrap, stocks at reclaimers.Unemployment, applicants, at employment agencies.Wool-machinery activity, sets of cards.
DECEMBER 1933Animal glues, production and stocks.Building cost index of electric light and power con-
struction (Richey).Building material costs, frame and brick house.Castings, gray iron, orders, production, receipts, and
stocks.Explosives, production, shipments and stocks.Fabricated structural steel, orders and shipments
with percent of capacity.Federal-aid highway, work approved for construc-
tion and balance of Federal-aid funds availablefor new construction (new work now paid for byfunds appropriated under N.R.A.).
F. W. Grand, stores and sales (merged with H. L.Green Co., Inc.).
Hoists, electric, orders and shipments.Index, new orders.Index, unfilled orders.Illuminating glassware, percent of full operation of
orders, production, and shipments.Isaac Silver & Bros., stores and sales (merged with
H. L. Green Co., Inc.).Paper board, production and shipments.Plumbers' woodwork, orders, shipments, and stocks.Pyroxylin products, production and shipments of
sheets, rods, and tubes.United States Steel Corporation, unfilled orders.Yarn, carded sales, all series.
JUNE 1934
Bank suspensions.Cotton cloth finishing.Delinquent accounts, electrical trade.Factory employment (adjusted and unadjusted)
Federal Reserve Board.Factory operations, proportion of full time worked.Factory pay-roll indexes (Federal Reserve Board)t
Highway construction under the Federal HighwayAct.
Indexes of five-and-ten (variety) stores sales (oldindex).
Marketings, forest products.Milk, receipts, Greater New York.Nonmanufacturing employment, canning and pre-
serving.Nonmanufacturing pay rolls, canning and pre-
serving.Paper, stocks, all grades, book paper, writing paper,
wrapping paper, and all other grades of paper.Restaurant sales and stores operated:
Childs Co.J. R. Thompson Co.Waldorf System, Inc.
Rope paper sacks.Sugar, Cuban, raw, receipts at ports and exports.Silk machinery activity (Silk Association of
America).Wood-pulp stocks,
JULY 1934Hosiery, Census Bureau series.
V o l u m e 14 S E P T E M B E R 1934W E E K L Y DATA THROUGH A U G U S T 25, 1931
MONTHLY DATA THROUGH J U L Y
N u m b e r 9
SURVEY OFCURRENT BUSINESS
P U B L I S H E D B\
U N I T E D STATES D E P A R T M E N T O F C O M M E R C E
B U R E A U O F F O R E I G N A N D D O M E S T I C C O M M E R C E
W A S H I N G T O N
CONTENTSSUMMARIES AND CHARTS Page
Business indicators 2Business situation summarized 3
Comparison of principal data, 1930-34 4Commodity prices 5
Domestic trade 6Employment 7Finance 8
Foreign trade 9Real estate and construction 10Transportation 11Survey of individual industries:
Automobiles and rubber 12Forest products 13Iron and steel 14Textiles 15
SPECIAL ARTICLE
Highlights of the Wholesale Census, 1933 16
STATISTICAL DATARevised series: Exports by grand divisions, countries, and commodi-
ties; 1933 20
Weekly business statistics 21
STATISTICAL DATA—ContinuedPage
Monthly business statistics:Business indexes 22Commodity prices 23Construction and real estate 24Domestic trade 25Employment conditions and wages 27Finance 30Foreign trade 34Transportation and communications 35Statistics on individual industries:
Chemicals and allied products 36Electric power and gas 39Foodstuffs and tobacco 39Fuels and byproducts 43Leather and products 44Lumber and manufactures 45Metal and manufactures:
Iron and steel 46Machinery and apparatus 48Nonferrous metals and products 49
Paper and printing 50Rubber and products 51Stone, clay, and glass products 52Textile products. 53Transportation equipment 54
Canadian statistics 56General index Inside back cover
Subscription price of the SURVEY!OF CURRENT BUSINESS is $1.50 a year, which includes the 12 monthlynumbers, and the 52 weekly supplements. Single-copy price: Monthly, 10 cents; weekly, 5 cents.
Foreign subscriptions, $3, including weekly supplements. Make remittances only toSuperintendent of Documents, Washington, D.C., by postal money order,
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81294—34-
SURVEY OF CURRENT BUSINESS September 1934
Business Ind ica to r s1923-25 = 100
160
100
INDUSTRIAL PRODUCTION
160
100
40
160
FACTORY EMPLOYMENT AND PAYROLLS
EMPLOYMENT (ADJUSTED)*
TOTAL FREIGHT CAR LOADINGS
100
DEPARTMENT STORE SALESZOO
100
200
100*
VALUE OF EXPORTS
200
100
BANK DEBITS OUTSIDE NEW YORK CITY
160INDUSTRIAL PRODUCTION
MANUFACrUfttt (ADJUSTfD)
Mi l l HIM!40
200
100^
CONSTRUCTION CONTRACTS AWARDED
160FREIGHT CAR LOADINGS L.C.L
40
160
100
40
200
WHOLESALE PRICES
VALUE OF IMPORTS
160FEDERAL RESERVE MEMBER BANK LOANS*
40
'ADJUSTED FOR SEASONAL VARIATION * REPORT/MG MEMBER BANKS O.D. 7&S5
September 1934 SURVEY OF CURRENT BUSINESS
Business Situation SummarizedCONTRACTION in business activity during July
was in excess of the usual seasonal decline, andweekly data available for August indicate a continua-tion of the sagging tendency.
The major influence in the large drop in the FederalReserve Board's adjusted production index for Julywas the precipitous decline in steel mill operationswhich was in part the result of the maintenance of arate of production in the second quarter beyond con-sumption requirements. Other industries in whichgreater-than-seasonal declines occurred in July includelumber, automobile, rubber, and tobacco manufactur-ing. Activity in the textile industries declined slightlyin accordance with the usual trend, following thegeneral curtailment enforced during the precedingmonth. Production in the leather and leather prod-ucts industries expanded by the usual seasonal amount,while there was an extraseasonal gain for the foodproducts industry, due mainly to the large increase inmeat packing resulting from the drought. The outputof the mineral industries declined.
Employment and pay rolls in July followed the down-ward trend of production and distribution. Factoryemployment was lower by 3 percent, while pay rollsdropped 6.8 percent. The recession in employment ex-tended to 70 of the 90 industries surveyed. There wasa decline also in nonmanufacturing industries.
Retail trade showed little net change after allowingfor the usual trend. The adjusted index of depart-ment store sales declined 1 point to 73 percent of the1923-25 average. The decline in freight-car loadings
was contrary to the usual seasonal movement, theadjusted index dropping to the lowest point sincelast November. The adjusted index of exports andimports also declined, the latter falling below thefigure for July 1933.
Construction contracts awarded have receded byabout the usual seasonal amount as a result of thedrop in publicly financed contracts. During Julythere was an increase in privately financed constructionwhich amounted to about 25 percent.
Despite the losses caused by the drought, the De-partment of Agriculture estimates that cash incomefrom farm marketings (including rental and benefitpayments) in the calendar year 1934 will be approxi-mately one-fifth higher than the $5,051,000,000 real-ized in 1933. It is estimated that income for the last5 months of the year will be from 3 to 5 percent abovea year ago, on account of higher prices. Obviously,however, the income will not be as evenly distributedthroughout the country as last year.
Wholesale prices have risen steadily in recent weeksas the effects of the drought were reflected in the pricesof farm products and foods. The price index of allother commodities has moved slightly lower.
Financial markets have undergone no marked changeduring August. Of particular interest, however, wasthe export of gold following the decline in dollar ex-change, the first outward movement since early 1933.Outstanding loans of the member banks have declinedfurther, although there has been a moderate improve-ment in "all other" loans.
MONTHLY BUSINESS INDEXES
Tear and month
1931: July1932: July1933:
JulyAugustSeptemberOctober _NovemberDecember
1934:JanuaryFebruaryMarchAprilMayJuneJuly
Monthly a v e r a g eJanuary t h r o u g hJuly:
193219331934
Industrial production
Unadjusted l
73
1 Man
ufa
ctu
res
Min
eral
s
Adjusted 2
"31 M
anu
fact
ure
s
MISO>
Factory em-ployment
and pay rolls
Nu
mb
er o
f em
ploy
-ee
s, a
dju
stea
»
Am
ou
nt o
f pay
rol
ls,
un
adju
sted
Freight-car loadings
Total
Un
adju
sted
'
Adj
uste
d *
Merchan-dise, l.c.l.
Un
adju
sted
'
Adj
uste
d '
Departmentstore sales,
value
Un
adju
sted
i....
Adj
uste
d «
Foreigntrade, value,adjusted 2
1
I Import
s
Ban
k de
bits
ou
tsid
e N
ewY
ork
Cit
y
Co
nst
ruct
ion
con
trac
ts, a
ll j
type
s, v
alue
, ad
just
ed '
Monthly average, 1923-25=100
8056
959085787269
77838688898475
647483
7955
978984767067
75828589898373
637482
8663
899493888480
85889181878785
707686
8258
999184767275
78818485868376
8257
1019183767073
76808285868374
8665
909187818185
8891
10090898785
78.059.6
72.576.478.077.875.975.0
75.178.481.082.282.481.479.4
65.763.580.0
66.239.8
50.856.859.159.455.554.5
54.060.664.867.367.164.860.4
48.742.362.7
7851
666568666056
58616360636463
555562
7651
656160585963
64646662636461
8768
706970706764
65656767676564
736666
8869
706968666668
70676665656565
6646
4959737775
121
57597373777051
655766
9265
707770706569
69717777777473
5432
433840424248
44475050455048
323348
5927
48 :
504846 !4042
424244 ;4247 i44 143
363243
93.463.4
70.462.761.966.060.567.4
66.959.771.472.471.574.870.5
68.658.769.6
i 6127
2124
i 3037
i 48| 58
i 49: 44I 33i 32
262627
271834
Who
lesa
le p
rice
ind
ex, 7
84co
mm
odit
ies
Monthlyaverage,1926=100
72.064.5
68.969.570.871.271.170.8
72.273.673.773.373.774.674.8
65.462.673.7
SURVEY OF CURRENT BUSINESS September 1934
Comparison of Principal Data, 1930-347 MONTHS X///////A REMAINDER OF YEAR
BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS)50 .100 150 200 250 300 350
CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS)
STEEL INGOT PRODUCTION - (MILLIONS OF TONS)
AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS)
FREIGHT CAR LOADINGS -(MILLIONS OF CARS)
September 1934 SURVEY OF CURRENT BUSINESS
Commodity PricesRSCENT price data are featured by the rise of
the prices of agricultural products and foods asa result of the drought. The farm products componentof the wholesale price index of the Department ofLabor for the week ended August 18 stood at 68.9percent of the 1926 level, having advanced from 60.7in the week of June 9, and the foods component duringthis period advanced from 67.6 percent to 74.1 per-cent of the 1926 prices. The percentage gains in theindexes of these two groups were 14 and 9.6, respec-tively, for this 10-week period.
The average of the other eight components of thecombined index has remained practically unchangedduring these 10 weeks, the only significant changesbeing a decline of 3 points in the index for hides andleather and a decline of 1.9 in the index of metals andmetal products. The fuel and lighting index rose 1.4points during this interval.
Moody's spot price index of 15 commodities dealtin on organized markets reached a new high on August23, at 154.6 on the basis of 100 for December 31, 1931.This was 11.4 points above that for July 31, 28.6points above the level for the 1st of January, and 5.7and 50.7 points above the highs for 1933 and 1932,respectively. The recent increase in this index isattributable to the increase in the prices of domesticagricultural products—wheat, corn, cotton, and hogs.
The prices of the other 11 commodities have changedbut little since the beginning of May, with the excep-tion of the price of hides which has declined sharply,due to the heavy slaughter of animals. Hogs sold inChicago on August 23 for $7.40 per hundred pounds,the highest price recorded since August 1931.
Retail prices, excluding foods, as measured by theFairchild index, declined during July for the fourthconsecutive month, the index falling from 89.6 percentof the January 1931 level in March to 87.9 in July, thedeclines varying from 0.8 of a point in May to 0.2 inApril. The current index is 27 percent above the de-pression low of April 1933.
Retail prices of foods, as reported by the Depart-ment of Labor for the period ended July 31, were 10.4percent above the 1913 level. The increase in theseprices since April 24, when the current rise began, hasbeen about 3 percent. As compared with the low sincepre-war days, which was reached on April 15, 1933,current prices are up by more than 22 percent.
The cost of living of wage earners, according to theindex of the National Industrial Conference Board,increased 0.4 percent during July to 79.1 percent ofthe 1923 level. Prices paid for food increased 0.9percent during the month, and those paid for housingand coal showed slight increases. The other items,clothing, gas, and electricity, declined, while sundriesremained unchanged.
INDEXES OF COMMODITY PRICES
Year and month
•* cccc C
H1**V O
I*
«l11ss3»
Economic classes
JS
hed
pro
du
c
mat
eria
ls
i i =I i &
•i iisfl |
1931* July1932: July1933:
JulyAugustSeptemberOctoberNovember. . .December
1934:JanuaryFebruary.March. ,AprilMayJuneJuly
Monthly average,January throughJuly:
19321933!934
72.064.5
68.969.570.871.271.170.8
72.273.673.773.373.774.674.8
65.462.673.7
76.170.5
72.273.474.875.475.274.8
76.077.077.277.177.878.278.2
71.067.577.4
64.354.7
61.860.661.761.862.461.9
64.166.065.965.165.167.368.3
55.552.866.0
69.355.5
69.171.772.972.871.472.3
71.974.874.373.973.772.972.7
59.560.473. 5
pro
du
cts
1
64. 947.9
60.157.657.055.756.655.5
58.761.36J.359.659.663.364.5
49.047.861.2
Wholesale (Department of Labor)
Groups and subgroups
I
G •e
1
i
99«
S
B*
than
fa
uct
s an
d f
oo
I!
ng
mat
eria
ls
2
Monthly average, 1926=
49. 0 74. 036.7
73.464.663.958.261.360.4
63.763.262.358.863.972.474.8
42.547.165.6
60.9
65.564.864.964.264.362.5
64.366.767.366.267.169.870.6
61.458.067.4
73.462.0
50.851.051.551.048.246.0
48.953.356.557.360.062.263.4
59.6
\ 73.9\ 69.7
72.274.176.177.277.2
| 77.5
78.378.778.578.6
! 78.978.2
: 78.4
70.750.9 67.457.4 78.5
78.169.7
79.581.382.7
j 83.984.985.6
86.386.686.4
i 86.787.387.887.0
72.372.386.9
&
ical
s an
d dr
i
c«£u
nd
lig
hti
ng
«
and
leat
her
,S
j -
furn
ish
good
s
1a i
*
s an
d
me
pro
du
cts
I
s p
rod
uct
s
I
lane
ous
8JS
100
178. 9 62. 973.0
73.273.172.772.773.473.7
74.4
72.3
65.365.570.473.673.573.4
73.175.5 | 72.475. 7 71. 475.575.475.675.4
71.772.572.873.9
74.4 69.8
89.468.6
86.391.792.389.088.289.2
89.589.688.788.987.987.186.3
74.5i 72.2 63.0 74.3
75. 4 72. 5 88.3
85.774.0
74.877.679.381.281.081.0
80.881.081.481.682.082.081.6
76.072.781.5
84. 3 66. 5 69. 779.2
80.681.282.183.082.783.5
85.587.087.187.989.1
51.5
68.074.676.977.176.876.4
76.576.976.575.3
64.3
64.065.465.165.365.565.7
67.568.569.369.5
73. 6 69. 887.7 72.7 ! 70.286. 8 71. 5 69. 9
80.4 56.0 64.778. 2 55. 987.3 74.7
i
60.169.2
flJd «f l j
i!s*
1Mo
average,1923=
100i
85.977.0
75.276.977.978.077.877.3
77.578.378.578.478.678.879.1
78.972.778.5
||£0.
, co
mbin
edm
odit
ies
(D<
gri
cult
ure
)
Retail+aGV
G
OB
sS8o o&a A
Mo.average,1909 to1914=
100
Moaverage,1913=
100
79 i ; 11957
767270707168
70767674747780
585875
101
105107107107107104
105108109107108109110
10495
108
1OS
tmen
t st
ore
rrai
rch
ild
)
1Dec.193C
(Jan. 1,1931) -
100
90.374.0
76.182.686. 087.188.088.0
88.589.589.689.488.688.287.9
77.87]. 388.8
SURVEY OF CURRENT BUSINESS September 1934
Domestic TradeSALES through retail stores during July, meas-
ured by dollar volume, declined by slightlymore than the estimated seasonal amount, and per-centage increases in sales over a year ago were gener-ally lower than in earlier months of the year. Amongthe adverse factors tending to retard sales during Julywas the decline in productive activity with its accom-panying drop in pay rolls, the severe drought experi-enced over a large section of the country, togetherwith the high temperatures recorded, and disturbedlabor conditions.
Passenger automobile sales were an exception to thegeneral trend of retail business. While the unadjustedindex of sales was lower than in each of the 3 precedingmonths, the adjusted index advanced to a high for theyear. Sales of cars during August have declined, butthe retail demand is reported to have held up verywell when allowance is made for the usual seasonaltrend.
A sharp decrease in the dollar volume of departmentstore sales is usual for July, but the decrease last monthwas slightly larger than the estimated seasonal change.The adjusted index dropped 1 point, bringing thetotal recession since May to 4 points. July saleswere only 4 percent higher in value than in 1933 andwere less in physical volume. As it does not appearprobable that August sales duplicated the marked risewhich occurred in August 1933 (the adjusted indexfor that month advancing 10 percent), the index ofdollar sales for the current month may fall belowthe level of the corresponding month of the previous
year for the first time since August 1932. By FederalReserve districts, the change from a year ago variedfrom an increase of 21 percent for the Atlanta districtto a drop of 9 percent in San Francisco. The onlydistrict reporting a larger gain over 1933 in July thanin June was Chicago, which showed an increase of 10percent against 8 percent in the preceding month.
Sales through variety stores declined 8 percent, com-pared with the average seasonal decline of 6 percent.The dollar volume of sales through chain grocerystores fell off 4 percent, which was also slightly largerthan usual. General merchandise sales in small townsand rural areas were off by 15.5 percent, comparedwith a drop of 11 percent in 1933 and 23 percent in1932 for the same period.
The favorable trend of commercial failures has con-tinued during July and August. Failures so far during1934 have been about half the total of a year ago, bothin number and in liabilities involved. In connectionwith the high mortality of the years prior to 1934, it isinteresting to note that preliminary data for the 1933census of both wholesale and retail trade reveal atendency for the number of establishments to declineonly very slightly during the depression despite theshrinkage in total sales, which reduced the averagesales per establishment by about one-half. See thearticle on pages 16 to 19, inclusive, of this issue for adiscussion of the results of the 1933 census of whole-sale distribution which was taken by the Bureau ofthe Census.
DOMESTIC TRADE STATISTICS
Year and month
1931: July1932: July1933:
JulyAugustSeptemberOctoberNovember...December
1934:JanuaryFebruaryMarch.AprilMay ._JuneJuly ...
Monthly average Januarythrough July:
19321933 . ..1934 .
Eetail trade
Department stores
Sales
Unad-just-ed!
Ad-just-ed *
Stocks a
Unad-just-
ed
Ad-just-ed '
Monthly average, 1923-25=100
6646
4959737775
121
57597373777051
655766
9265
707770706569
69
3z7473
7559
566273777862
59636768686360
685564
8164
806470706965
66665565666584
Chain-store sales
Com-binedindex
(19 com-panies)
Avg. samemo. 1929-
31 ==100
83
868485848388
8985888685
Variety stores
Unad-just-ed i
Ad-just-ed*
Mail-orderandstore
sales, 2houses
Monthly aver- Thou-age, 1929-31= i sands of
100 j dolls.
87.470.2
74.476.782.586.986.8
153.7
70.273.087.282.590.086.379.7
75 I71 fi81 3
98.278.9
83.6 ,86.7 i86.485.685.583.3
94.287.594.887.290.0 !90.889.5
45, 09332, 073
33, 59240, 32743, 21953, 55052, 03761,971
36, 70536, 01643, 595?46, 03751,07246, 33037, 387
35, 56332, 52242, 448
New passen-ger car sales
Unad-just-ed i
Ad-just-ed 2
Monthly aver-age, 1929-31=100
70.931.0
57.558.351.242.733.017.3
22.845.768.487.978.184.673.1
43.145.265.8
64.528.0
52.552.052.053.553.030.5
33.554.564.559.055.563.566.5
Wholesaletrade
i
Em-ploy-ment
Payrolls
1i Monthly aver-
age, 1929=100
86.876.6
76.979.782.183.583.483.3
82.483.083.683.984.684.184.0
79.074.683.7
83.364.7
59.160.862.366.064.164.5
63.964.665.766.866.366.567.6
69.658.265.9
Freight-carloadings, mer-chandise l.c.1.
Unad-justedi
Ad-just-
ed »
Monthly aver-age, 1923-25=
100
8768
706970706764
65656767676564
736666
8869
706968666688
70676665656565
Commercialfailures
Fail-ures
Num-ber
1,9832,596
,421,472,116,206,237
1,132
1,3641,0491,1021,052
9771,033
912
2,8612,0211,070
Liabil-ities
Thou-sands
of dolls.
60, 99887, 190
27, 48142, 77621,84730, 58225, 35327, 200
32, 90519, 44527, 22825, 78722, 56123, 86819, 326
89, 21150, 72524, 446
1 Corrected to average daily sales. 1 Adjusted for seasonal variation. »End-of-month figures.
September 1934 SURVEY OF CUERENT BUSINESS
EmploymentDECLINES in business activity during July were
accompanied by a drop in employment and alarger relative decrease in pay rolls, according to thedata compiled by the Bureau of Labor Statistics.There was a net decline in employment and pay rollsin both manufacturing and in the 18 nonmanufacturingindustries currently surveyed.
The number employed in factories in July was 3 per-cent less than in June. This exceeded the usualseasonal decline and the adjusted index receded tothe lowest figure reported since February. July em-ployment was 9.9 percent higher than in the samemonth of 1933, despite the fact that factory outputwas less than a year ago. The July decrease in fac-tory pay rolls, amounting to 6.8 percent, brought thepay-roll index to the lowest figure reported sinceJanuary. Pay rolls were, however, 19 percent higherthan in July 1933. As a result of the larger shrink-age in pay rolls than in the number employed, therewas a further extension of the recent down trend ofaverage weekly earnings.
Reductions in industrial employment were wide-spread during July, with decreases reported for 70 ofthe 90 industries surveyed by the Bureau of LaborStatistics. Of the 14 major groups of industries onlyone, chemical and allied products, showed an increasein employment, after adjustment for seasonal varia-tion. A major factor in the rise in this group was theincrease of 8.4 percent in the rayon industry whereabout half of the number laid off in the spring monthshave been returned to work. The largest decline for
the month was in the iron and steel industry where theabrupt drop in production was reflected in the employ-ment figures. The next largest drop was in the trans-portation equipment group, partly in reflection of theslackening rate of production in the automobile indus-try. In the 20 industries in which increased employ-ment was reported, seasonal variations and the termi-nation of strikes were the major influences.
Pay-roll increases were reported for 3 of the 14 man-ufacturing groups, namely, leather and manufactures,food and kindred products, and chemical and alliedproducts. These gains ranged from 0.6 percent forchemicals to 5.9 percent for the leather group. Thelargest declines were in the iron and steel industry (24percent) and in the transportation equipment indus-try (16 percent).
Among the nonmanufacturing industries, employ-ment increases in July as compared with June werereported in 10 and pay-roll increases in 8. The groupemploying the largest number of persons, retail trade,reported a decline of 5.6 percent in employment and of2.9 percent in pay rolls.
Employment afforded by the Public Works Admin-istration reached a peak of 665,000 in the final week ofJuly, according to data compiled by that organization.This represented a gain of 365,000 in a period of about4 months. The Emergency Works Program of theF.E.R.A. gave employment to 1,200,000 persons inJuly, an increase of 200,000 over June. An increasein the number of C.C.C. workers was reported.
STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Year andmonth
1931: July1932- July1933:
JulyAugustSeptember..OctoberNovember .December..
1934:JanuaryFebruary _ _MarchAprilMayJuneJuly
Monthly aver-age, Januaryt h r o u g hJuly:
19321933
Factory employmentand pay roils
Employment
Unad- Ad-justed 1 justed i
Payrolls
Unad-justed
Monthly average,1923-25=100
77.058.9
71.576.480.079.676.274.4
73.377.780.882.382.481.078.6
65.2fi3 0
1934 79. 4
78.059.6
72.576.478.077.875.975.0
75.178.481.082.282.481.479.4
66.239.8
50.856.859.159.455.554.5
54.060.664.867.367.164.860.4
48.742.3; 6^.7
Nonmanufacturing employment and pay rolls(Department of Labor)
Anthracitemining
Em-ploy-ment
Payrolls
Bituminouscoal miningEm-ploy-ment
Payrolls
Power andlight
Em-ploy-ment
Payrolls
Telephoneand telegraphEm-ploy-ment
Payrolls
Retail trade
Em-ploy-ment
Payrolls
Monthly average, 1929=100
65.144.5
43.847.756.856.961.054.5
64.163.267.558.263.857.553.6
65.149.161.1
53.734.5
38.246.660.761.647.844.3
73.265.882.451.764.053.342.3
54.641.261.8
76.458.6
63.268.671.868.074.875.4
75.876.177.872.276.776.777.0
68.765.276.0
50.424.4
33.643.344.144.150.750.8
51.354.658.951.454.455.149.7
36.731.553.6
96.782.3
77.578.180.382.282.6
I 81.8
82.281. 281.7
: 82.4i 83.11 84.0! 85.0
85.277.282.8
97.478.7
70.070.971.876.274.574.4
73.874.475.676.877.677.881.1
83.770. &76.7
86.679.1
68.568.168.368.768.969.4
70.269.870.070.270.270.471.0
81.171.770.3
93.379.6
66.766.164.667.067.767.7
69.067.970.468.871.471.373.3
85.069.370.2
83.974.6
74.678.186.089.691.6
105.4
84.683.887.288.288.888. 283.3
80.475.786.3
83.363.3
58.162.769.272.372.680.3
68.867.769.571.571.871.669.5
71.559.270.1
Trade-unionmem-
bers em-ployed
Percentof total
members
7466
696971737271
72747576767572
696774
Wages
Factory »
Averageweekly
earnings
Averagehourly
earnings
Dollars
22.3415.43
19.3419.3419.4119.5018.4418.57
18.8919.8120.4921.0020.7920.7019.92
17.6516.7520.23
.564
.489
.456
.507
.536
.542
.546
.550
.551
.558
.561
.579
.586
.586
.587
.513
.458
.572
Com-monlabor
Centsper
hour
3632
343537373838
37374243434342
333341
1 Adjusted for seasonal variations. 2 National Industrial Conference Board.
SURVEY OF CURRENT BUSINESS September 1934
FinanceAWEAKENING tendency in stock prices which
set in about the middle of July, after steady gainsduring the first half of the month, developed into aseries of sharp breaks during the final week of themonth. Following these reactions the market tendedto smooth off during the first half of August while thevolume of trading stood persistently at unusuallylow levels. Certain issues—particularly rails—experi-enced occasional weakness early in August,, The an-nouncement on August 9 of plans for the "nationaliza-tion" of silver, caused a temporary flurry in prices butby the middle of the month dullness and low turn-overagain featured market activity.
In general, bond prices moved with share prices.During July bond prices receded somewhat, while dur-ing the first half of August trading steadily diminishedand prices showed comparatively few importantchanges. After reaching new high levels during thefirst half of July, United States Government bondprices subsequently tended to decline.
While capital issues in July reached the largest dollarvolume for any month in approximately 3 years, theincreased total does not indicate a revival in the newcapital market. Out of a total of $373,362,000 forall issues, $135,000,000 represented Farm Loan issues;flotations of States, municipalities, and other politicalsubdivisions amounted to $92,583,000; and two rail-road issues made up $100,000,000 of the balance. Theamount of new capital raised by corporations was$20,279,000, less than half of the total of a year agoand only 5 percent of the comparable 1930 total.
Dividend payments in July showed a continuationof the slow upward movement. Reports published by
250 industrial corporations revealed net earnings sub-stantially above those of the corresponding period of1933, although in some instances the rise in profitswas modest considering the rise in the volume of thecorporation's business.
Money rates during August showed no importantchanges from the extremely low levels of recent months.The decline in bankers' acceptances outstanding hasapparently been influenced in part by the tendency oflow rates on commercial loans to make the latter adesirable borrowing medium.
Owing to the fact that the combined total of invest-ments and nonsecurity loans increased slightly morethan security loans decreased, the net effect on out-standing member bank credit was a slight increase inJuly. During the first 2 weeks of August this tend-ency continued only in part inasmuch as investmentsreversed their previous trend. Net demand deposits ofthe reporting member banks recovered, in July, the losswhich they had sustained around the middle of Junethrough Treasury transactions. Excess member bankreserves increased to a new peak of $1,900,000,000late in July and have remained around that figure.Federal Reserve bank credit outstanding showed noimportant changes during the period under review.
As a result principally of net imports and net re-leases from earmark the monetary gold stock of theUnited States rose about $75,000,000 during July to anew high total of $7,930,000,000. The first gold to beexported since the revaluation of the dollar was a ship-ment of $1,000,000 about the middle of August. Subse-quent shipments brought the total exports for themonth through the 25th to about $7,000,000.
FINANCIAL STATISTICS
Year and month
1931:JulyAugust
1932:JulyAugust
1933:JulyAugustSeptember..OctoberNovember .December
1934:January .February.MarchAprilMavJuneJuly
Bankdebits
outsideNewYorkCity
Report ing memberbanks, Wednesdayclosest to end ofmonth *
Loanson
securi-ties
Allotherloans
In-vest- j
ments ;
FederalReservebankcreditout-
stand-ing,
end ofmonth
Totalbank-ers' ac-cept-ancesout-
stand-ing* _
end ofmonth
Netgoldim-
portsin-
cludinggoldre-
leasedfromear-
mark 2
Moneyin i
circu- Ilation |
Savings deposits
NewYorkState
PostalSav-ings
Millions of dollars
18, 44416, 526
12, 51111, 757
13, 87812, 37512,21513, 02711, 92713, 288
13, 19811, 78414, 07714, 27814, 10514, 75413,910
4,0803,971
3,7723,7663,6873,6043,5693,620
3,6093,5203,5143,5773,4763,5293,358
5,4265,354
4,7744,7674,853 i4,9894,9994,765
4,7404,6654,6474,5594,550 i4,4854,515
7, 0947,147
8,0118,0747,989 i8,1568,1048,200
8,7729,2159,3119,3269, 280 :9,7239,880
976 !
1,255 :
2.4392,331 |
2,2092,2972,421 \2,5492,581 :2,688
2,6302,5672,545 i2,4852, 4632,472 :
1,2281,090
705 !081
738694715737758764
771750685613569534516
—10.241.5
52.8106.6
.6-.9
-7.4-5.5-.52.7
9.4521.2236.753.634.165.053.8
4,836 !4,947
5, 7525,720
5,6755,616 ;
1 5, 6325,656 i5,681 j5,811 :
5,669 \35,339 !5,368 I5,3665,3555,341 i5,350
5,1495,173
5, 2535,243
5,0855,0595,0795,0495,0295,064
5,0675,0765,1225,0975,0905, 1345,114
372423
830848
1,1771,1781,1811,1891,1991,209
1,2011,2001,2001, 1971,1971,1981,191
Stockprices(421)
Stand-ard
Statis-tics
1926=100
98.295.5
35.953.3
80.475.174.869.569.170.4
75.680.577.179.671.873.571.4
Bondprices,NewYorkStockEx-
change(do-
mestic)
Dollars
95.4993. 75
79.2583.70
88.0387.9185.8284.7082.9885.11
88.7790. 1291.09
| 92. 54j 92. 32i 93. 16i 92.00
Newcapitalissues
Thous.of dollars
222,564 ;
120, 329
105, 38162, 024
117, 69345, 60063, 81458,702 i88,257 |57,000
47,77579, 12197,276 j
143,404 !102,733 {
122,506316,645
Aver-agedivi-dendper
share(600
com-panies)
Dollars
2.312.26
1.311.25
1.051.051.061.061.101.11
1.121.151.161.161.181.191.21
Interestrates,com-
mercialpapgr
months)
Percent
22
2 ~2;/2
iM1M
1 -lYi
1
1 91 cities. * Net exports indicated by (—). 3 Gold coin reported in circulation prior to Jan. 31, 1934, was eliminated from the total as of that date.
September 1934 SUKVEY OP CURRENT BUSINESS 9
Foreign TradeUNITED STATES foreign trade declined more than
seasonally in July. Total exports, valued at$161,787,000, were 5 percent smaller and generalimports, valued at $127,342,000, were 6 percent lessthan in the previous month. Ordinarily exportsdecline approximately 1 percent and imports 3 percentfrom June to July. The adjusted index of both exportsand imports declined, the former receding from 50 to48 and the latter from 44 to 43.
In July, for the first time in over a year, the value ofimports was lower than in the corresponding month ofthe previous year, the decline amounting to 11 percent.The value of exports was 12 percent larger than inJuly 1933. Adjusting for the advances in averageunit values (price) of export and import commodities,which in each instance were approximately 15 percenthigher than a year ago, it appears that the quantityof goods exported in July was about the same as inJuly a year ago, while the quantity of goods importedwas over one-fifth percent smaller.
The decline in the value of exports is almost entirelyattributable to a reaction from the unseasonal increaseof 11 million dollars in cotton shipments during June.The decrease during July totaled 9 million dollars.Exclusive of cotton shipments, the value of exportshas remained about the same during the last 3 months.
Exports of passenger automobiles have been main-tained at approximately the same level for 4 consecu-tive months. Individual classes of export commoditiesshipped in somewhat greater volume in July than in
June included industrial machinery, meat products,fish, apples, canned fruits, wheat and flour, paper basestocks, crude sulphur, petroleum and products, ironand steel semimanufactures, lumber, radio apparatus,and aircraft.
As in the case of exports, one commodity, sugar,was largely responsible for the lower value of imports.The imports of sugar from the Philippines, which haddeclined sharply in June, practically ceased in Julyas a result of the exhaustion of the sugar quota for thatarea.
Crude material imports declined from a value of$42,578,000 in June to $39,086,000 in July. Contribu-ting to this lower value were declines of $1,113,000and $1,108,000, respectively, in the value of importsof rubber and of crude petroleum. Imports of semi-manufactures and finished manufactures, on the otherhand, increased during July. Among the commoditiesshowing gains both in quantity and value were leathermanufactures, undressed furs, coffee, meat products,burlaps, manufactures of wool, tung oil, wood pulp,coal tar products, and tin.
Imports for consumption, which include goodsentered immediately upon arrival plus withdrawalsfrom bonded warehouses, dropped from $135,120,000in June to $124,123,000 in July. Goods entered intobonded warehouses declined slightly from $19,650,000in June to $19,156,000 in July, while withdrawalsfrom bonded warehouses decreased from $18,293,000in June to $15,937,000 in July.
EXPORTS AND IMPORTS
Year and month
1931: July1932: July1933:
JulyAugust _.September ..OctoberNovemberDecember _
1934:JanuaryFebruaryMarch _AprilMayJuneJuly
Cumulative, Januarythrough July:
193219331934
Indexes
Valueof
totalex-
ports,ad-
justed i
Valueof
totalim-
ports,ad-
justed i
Monthly aver- 'age, 1923-25=100
5432
433840424248
44475050455048
338333348
5927
485048464042
42424442474443
336332343
Ex-ports,in-
clud-ing
reex-ports
Exports of United States merchandise
Total
Crudematerials
TotalRawcot-ton
Food
Total
stuffs
Fruitsand
prep-ara-tions
! Semi-man- iufac-tures
Finishedmanufactures
i
TotalMa-chin-ery
Auto- imo-biles,parts,and
acces-sories
Total
Imports
c™de Food-tmials stuffs
i
Semi-man-ufac-tures
Fin-ishedman-ufac-tures
Millions of dollars
180.8106.8
144.1131.5160.1193.1184.3192.6
172.2162.8191.0179.4160.2170.6161.8
946.8813.4
1,198.0
177.0104.3
141. 6, 129.3
157. 5190.8181.3189.8
169.5159.7187.5176.5157. 2168.0159.3
923.9798.5
1,177.6
28.4 !27.6
51.542.063.681.871.373.1
60.454.255.345.938.047.037.3
268.4258.8338.0
13.515.9
36.828.245.354.248.844.3
41.537.734.724.517.628.930.3
177.4177.5305.3
32.315.6
15.416.918.723.524.124.3
22.719.620.117.816.814.917.1
142.895.5
139.0
7.64.3
4.35.66.8
11.09.78.3
8.46.85.54.43.34.03.9
36.826.235.3
27.9 i14.1
21.4I 20.5i 21.3; 24.4! 24.2i 28.5! 25.0< 24.5
31. 4! 29.4; 26. 2
27.938. §
: 120. 8118.2193.3
88.447.0
53.350.0 i53.9
1 81. 161.763.9
61.461.480.883.476.278.176.3
1 391. 9326.0
i 517.5
22.59.6
10.111.111.713.516.015.8
14.414.618.319.217.018.618.9
82.064.4
130.9
11.76.2
7.58.18.38.67.39.3
10.813.220.621.520.620.018.4
51.849.1
135.1
174.579.4
i 143. 0154. 9146.6150.9128.5133.5
128.7125.0153.1141. 1
! 146. 91 135. 0
134.1
! 826. 2735.1953.9
50.019.5
46.550.848.346.937.336.2
35.736.944.941.042.842.639.1
225.2198.7383.0
47.126.3
38.835.431.234.830.642.4
39.338.348.645.6
"46.339.339.1
252.8242.8386.4
30.011.9
31.035.133.533.227.827.2
26.422.229.726.126.926.837.5
137.2135.1185.7
47.421.8
26.833.733.536.032.827.7
27.327.629.828.430.826.438.5
211.1158.5198.9
'Adjusted for seasonal variation. 2 General imports through December 1933; imports for consumption in 1934. a Monthly average.81994 24 . o
10 SURVEY OF CURRENT BUSINESS September 1934
Real Estate and ConstructionCONSTRUCTION contracts awarded during July
were lower than in June, the movement conform-ing to the usual seasonal trend. According to datacompiled by the F. W. Dodge Corporation, contractslet for nonresidential building were substantially higherthan in the preceding month, offsetting part of thedeclines in the other three groups. A major portionof the increase in the nonresidential building groupfell in the factory classification and was due to plantexpansions in the chemical and textile industries.The slackening in residential building was reflected ina slowing down in all the major classes of dwellings,as well as in the contracts classed under Home Owners'Loan Corporation improvements. The decline in pub-lie utilities is of only limited significance, as construc-tion in this field has been on a very restricted scalefor an extended period. Public-works contracts letduring the month were about 30 percent lower thanin June, the decline in highway contracts being theprincipal cause of the drop.
Contracts financed by private, as distinguished frompublic funds, constituted a larger percentage of thetotal than in other recent months. Publicly financedprojects in July amounted to $52,507,600, or 44 per-cent of the total compared with the correspondingpercentage of 58 in June. This trend was influencedby the increase in industrial building noted above.
By geographical areas, lower contract totals werereported in 9 of the 13 divisions. A substantialincrease occurred in nonresidential building in theMiddle Atlantic States, and in the New Orleans terri-
tory. The increases reported for the Kansas Cityand St. Louis areas were slight.
The F. W. Dodge Corporation's total of contem-plated construction reported during July, amountingto $244,000,000, was $70,000,000 less than in June,The reduction from the July 1933 total of $448,000,000was much larger, and was pronounced in each of thefour major construction groups. The drop in con-templated construction was especially severe in theresidential group.
Real-estate foreclosures during the first 6 months of1934 were about 12 percent fewer in number than inthe corresponding period of 1933, according to statis-tics collected by the Federal Home Loan Bank Boardfrom 1,034 identical communities having 53 percentof the total population of the country. There were,however, three times as many foreclosures as in thefirst half of 1926. An increase was reported for sevenStates—New Hampshire, Vermont, New York, Mich-igan, Minnesota, Arkansas, and Idaho—but all of theothers showed improvement. In recent months, thenumber of foreclosures has averaged about 16,000 andno one month has deviated to any marked extentfrom the average.
The index of construction costs of the EngineeringNews Record declined slightly during July. Therecession in the wholesale prices of building materialsfrom the peak of the year up to August 18 amountedto 1.6 percent. This index is the highest with refer-ence to the 1926 average of any of the groups includedin the Bureau of Labor Statistics composite index.
BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
Year and month
1931: July1932: July1933:
JulyAugustSeptemberOctoberNovember _ _December
1934:JanuaryFebruary _. _MarchAprilMayJune--July
Monthly average January throughJuly:
19321933.1934
Construction contracts awarded
F.R.B.indexad-
justed i
Monthlyaverage,1923-25=
100
6127
212430374858
49443332262627
271834
All types ofconstruction
Num-ber ofproj-
\ ects
10,6637, 008
8,228! 8,186i 7, 594
7, 4766,2327,677
7,7295,507
i 7, 9278,1149,1538,368
! 7, 182
6,5486,8657,711
Mil-lions ofdollars
286129
83106120145162207
18697
178131134127120
114 i74
139
Residentialbuilding
Mil-lions ofsquare
feet
15.95.5
7.46.46.36.96.45.9
3.93,68.06.06.27.54.8
6.75.95.7
Mil-lions ofdollars
63.919.7
23.621.921.521.523.623.9
15.114.528.122.724.826.619.9
26.119.521.7
Pub-lic
utili-ties
Pub-lic
works
Millions ofdollars
26.45.5
4.119.43.47.06.9
34.0
10.66.4
21.012.45.6
13.17.9
6.44.6
11.0
91.054.6
14.832.057.385.7
104.199.2
103.146.771.957.551.244.331.2
36.717.358.0 !
Explo-sives,new
orders
Thou-sands ofpounds
26, 97015, 733
23, 83425, 10625, 10725, 08423, 25623, 318
28, 50425, 58427, 72526, 95824, 23124,81223,384
17, 72918,21625,885
Building materialshipments
Maplefloor-ing
Oakfloor-ing
Thousands offeet, board
measure
3,4472,264
4,3263,3862,6223,2362,3003,234
3,6653,6654,6434,3034,5123,5734,421
2, 1982,5124,112
25, 6917,699
13, 67612, 7939,5638,624
10, OJL76,417
5,1378,112
13, 7119,4769,8137, 9657,713
11,40510, 5018,*47
Ce-ment
Thou-sands ofbarrels
15, 5459,218
8,6975, 9946,5176,7504,4633,738
3,7782,9524,6186,4928,7848,5397,893
6,2175,2326,151
Highwaysunder
construc-tion
(NationalIndus-
trialRecovery
Act)
Thou-sands ofdollars
34, 96292, 215
134, 491159, 575
197,088216, 291239, 974269, 229288, 460283,506267, 509
251, 722
Con-struc-tion
costs,Eng.
News-Rec-ord 2
Month-ly av-erage,1913=
100
174.4153.4
165.5167.0175.5187.7190.1192.1
191.3194.0194.0195.9
\ 199. 6199.6199.7
156. 1161.4
J 196.3
Long-termreal-
estatebondsissued
HomeLoanBank,loansout-
stand-ing
Thousands ofdollars
8000
000000
000000
400
36412957
53, 74559, 80666, 32973, 11080, 69988, 442
92, 49794, 04093, 12588, 92286, 84286, 24885, 723
29, 51189, 628
1 Based on 3-month moving average and adjusted for seasonal variation. 2 First of montb, Aug. 1,1934, index, 198.4.
September 1934 SURVEY OF CURRENT BUSINESS 11
TransportationFHEIGHT-CAR loadings declined 1,966 units during
the week ended August 18, following a decline of8,768 units in the preceding week. Loadings for theweek indicated were 6.7 percent below those for thecorresponding week last year and were 63.9 percentof the average for that week during the preceding 15years. This represents a lower percentage of the pre-ceding 15-year average than for any week this year.The high for the year on this basis was reached in theweek ended February 17, when loadings were 73.8percent of the 15-year average for that week, but thecorresponding percentages were approximately thesame for the weeks of March 17 and June 30. Load-ings for the first 33 weeks of the year were 10.3 percentabove those for the corresponding period last year and11.3 percent above the like period in 1932.
For the month of July the index of car loadings,adjusted for seasonal variation, fell to 61 percent ofthe average monthly loadings for 1923-25. This is thelowest point reached by this index since last November,when it was 59. In March it stood at 66 and in Juneat 64. The decline since March amounts to 7.6 percent.
Of the 8 classes of freight, as listed in the table below,only 2 showed gains in cars loaded in July as comparedwith June, namely, grains and livestock. The in-crease in grain and grain-products shipments, however,was less than seasonal, and the adjusted index for thisclass of freight fell from 90 to 79. The increasedshipments of livestock were occasioned by the move-ment of animals from the drought area for feeding or
for slaughter. The adjusted index for less-than-carlotshipments was unchanged for the month.
Total operating revenues of class I railroads for the6 months ended June 30 were 15.2 percent above thefigure for last year, slightly above that for 1932, but25 percent below the amount reported for 1931. Pre-liminary data for July indicate a recession in grossrevenues as compared with June. Net operating in-come also declined in July and was considerably belowthe total for July 1933.
The number of employees of class I steam railways,excluding switching and terminal companies, decreasedslightly in July from the recent peak in June. In eachof the 4 months, April to July, the number of employeesreported was above 1,000,000, while in the precedingyear this figure was exceeded only in the 3 months,August to October. The new index of railway employ-ment, adjusted for seasonal variation, as reported bythe Interstate Commerce Commission, is 57.1 (pre-liminary) for July, as compared with the average for1923-25 as 100. The index for each of the past 5months is above the index for any previous monthsince June 1932.
The average number of miles of road operated byclass I railroads continues to decline. For each ofthe last 6 months of 1929 and the 12 months of 1930,miles operated exceeded 242,500. Since that time thedecline has been almost continuous, miles operatedfalling to 239,059 in May of this year, followed by aslight increase in June.
RAIL AND WATER TRAFFIC
Year and month
1931: July1932: July1933:
JulyAugustSeptemberOctoberNovemberDecember.. . _ _ _.
1934:January ._ . _FebruaryMarchAprilMayJuneJuly
Monthly average, Janu-ary through July:
193219331934
Freight-car loadings
F.R.B. index
•IT?Mg
I0333<
Monthly aver-age, 1923-25 =
1007851
666568666056
58616360636463
555562
7651
656160585963
64646662636461
•a1. £>
X
5
»V3•dI05
I
iTS
e^hG'3&
1'3
22-3
£
i £O
3§
1
i
|F
reig
ht-
car
surp
lus
Thousands of cars 4
756.2483.1
624.6625.7640.9651.4591.5513.1
544.4577.2611.8583.7610.4615.6586.6
534, 7528. 1
1 591.6
112.673.6
112.8123.5125.0125.0125.5114.1
129. 8143.8145.9100.3106.8100.393.2
93.198.8
117.6
4.92.5
6.56.77.06.76.46.7
7.710.18.95.86.86.84.4
4.35.07.3
27.114.3
26.927.224.724.423.418.1
18.321.823.724.225.124.620.8
18.119.322.7
56.438.6
44.829.631.229.830.925.9
29.430.129.626.528.134.942.7
31.133.831.7
18.914.6
15.016.620.323.220.515.1
17.515.313.416.316.215.422.2
17.515.616.5
214.6161.1
165.7170.0168.4172.6166.7148.5
153.8156.9165.5166.0164.9157.7153.2
179.5160.5159.8
36.16. 3
25.034.236.827.87.42.9
3.13.13.77.4
20.733.131.3
3.57.9
14.9
285.5172.3
227.8217.9227.6242.0210.7181.9
184.8196.2221.0237.4241.6242.7218.7
187.6187.2221.1
564764
393398380385441463
434375357368355343348
741577369
Pu
llm
an
pas
senger
s ca
r-ri
ed
Thou-sands
2,0231,276
1,2241,3511,3921,2561,0541,333
1,3061,1321,2271,2121,1221,303
a 1, 388a I, 018o 1, 217
Financialstatistics, class
I railroads
i£
n!O
llII1|"S rt
fc
Thousands ofdollars
372, 808235, 331
293, 708297, 018292, 147294, 342257, 676245, 330
258, 006248, 439293, 178265, 391282, 024282, 779277, 500
259, 820244, 136272,474
55, 86511, 287
64, 30760, 97860, 93657, 26537, 56637, 764
30, 93129, 28152, 03832, 26539, 49541,83636, 200
17, 27231, 29437, 435
Canal traffic
•«'S«e%£m+as&
1QQ
1o>fc
Thousands ofshort tons
7,6132,638
6,0507,6918,4537,1543,014
172
000
135,7457,9017,522
506376
473623517593664
0
000
140550557519
"97i
C8S
IThous.of longtons
820576
8231,002
9611,082
664922
846979
1,1191,0381,008
835
"654"689c971
i Daily average basis. 2 For seasonal variation. 3 American vessels, both directions. 4 Average weekly basis. 3 months' average.
12 SURVEY OF CURRENT BUSINESS September 1934
Automobiles and RubberCONTINUATION of a favorable retail demand for
ears has given a firm tone to the automotive in-dustry. While production during August has fol-lowed the downward trend of sales, the industry hasshown a degree of resistance to the general decline inbusiness activity which has occurred during the sum-mer months. Sales of new passenger cars in July,adjusted for seasonal variations, reached a high forthe year, exceeding the June sales by about 5 percent.Despite the decline which is indicated for August, theretail movement has been sufficiently large to main-tain August production at a rate approximately equalto that for August 1933. In view of the sales resultson current models, preparations for next year's carshave not been pushed.
Official figures covering July production reveal anoutput in excess of the preliminary estimates, althoughthe decline from the June total was larger than theusual seasonal recession. The adjusted index of theFederal Reserve Board declined from 82 percent ofthe 1923-25 average in June to 77 percent in July.The July index was 12 percent above a year ago, andthe highest July figure since 1929.
The number of units produced, including foreignassemblies from parts made in the United States andreported as complete units or vehicles, was 266,575,compared with 308,065 in June and 229,357 in Julyof last year. Production in the first 7 months of theyear, amounting to 1,980,914 units, exceeded the totalfor the entire year 1933 and was 45 percent larger thanthe output of the year 1932.
The export demand for automobiles has been wellsustained, with July shipments of 23,959 vehicles onlyslightly less than in the preceding month. July ex-ports were the largest for that month since 1929, when55,142 vehicles were exported. Export markets tookmore automobiles during the first 7 months of the yearthan for any similar period since 1930.
Activity in the rubber industry declined duringJuly, the decreased activity being only partly theresult of seasonal conditions. Domestic consumptionof crude rubber was 18 percent less than in June and31 percent less than in July 1933. The use of re-claimed rubber, which is steadily but only graduallyincreasing in the industry, amounted to one-sixth ofthe total consumption in the first 7 months of 1934.Reclaimed consumption in this period, amounting to50,649 tons, was 53 percent higher than a year ago.Crude consumption of 262,164 tons was up 28 percentin this period.
Production of tires and tubes declined sharply inJuly, conforming to the trend of shipments. Thelatter figures were affected by the heavy movementof June, which was caused by the stocking up by auto-mobile manufacturers before price increases becameeffective. Original equipment shipments for themonth were not sufficient to equip the cars produced.Total shipments of casings were 24 percent largerthan production and manufacturers' stocks werereduced by 745,000 to 9,168,000. The latter figurewas, however, 68 percent higher than the stockscarried at the end of Julv 1933.
AUTOMOBILE AND RUBBER STATISTICS
Year and month
1931: July.1932: July. ..1933:
JulyAugustSeptemberOctoberNovemberDecember. _
1934:JanuaryFebruary _March. .AprilMayJuneJuly
Monthly average, Jan-uary through July:
193219331934
Automobile production
United States
F.E.B.index,
ad-justed i
Month-ly av-erage,1923-
25=100
6033
696055453045
56717885788277
384875
TotalPas-sen-gercars
Thousands
218109
2292331921356181
157232331355332308267
140174283
18495
1911911571054149
113188275289274262224
118146232
Taxi-cabs Trucks
Canada
Total
Automobileexports
Passen-ger Trucks
INewpas-
sengercarreg-
istra-tions
Number
18027
4689
631,6111,299
32127161000
8018952
34, 31714, 438
38, 09241, 44134, 42429, 81318, 31829, 776
43, 25544, 04156, 52565, 71457, 88746, 21342,707
22, 07827, 53950,906
4,2207,472
6,5406,0795,8083,6822,2913,262
6,9048,571
14, 18018, 36320, 16113, 90511,114
6,7346,400
13,314
6, 4783, 039
i 5, 5466, 5166, 3305,9063, 5273,066
i3, 685
: 8,87216, 14116, 509
1 16, 058i 18, 071
17,621
, 4, 1775,595
13,851
3,5181,865
3,5823,7924,6145,5673,1766,460
7,5736,039
10, 07610, 7568,6126,8166,338
2,0282,8448,030
194, 322104, 188
185, 660178, 661157, 976136, 32694, 18058, 624
61, 24294, 887
173, 287222,900219, 163223, 642230,000
109, 688124, 016175,017
New pa,car i
Unad-justed
ssenger- Pneumaticsales 1 tires «
Ad-justed^
Monthly average,1929-31 = 100
70.931.0
57.558.351.242.733.017.3
22.845.768.487.978.184.673.1
43.145 265.8
64. 528.0
52.552.052.053.553.030.5
33.554.564.559.055.563.566.5
Pro-duc-tion
Do-mesticship-
ments
Thousands
3,9412,893
4,5713,9953,1992,7432,4322,466
3,8044,2055,0254,6274,3234,2123,278
3,1543,0584,211
4,2441,845
4.3243,6742,7141,9431,6862,726
3,0433,1063,9664,2125,0494,9563,974
3,2612,9984,044
Crude rubber
Do-mesticcon-
sump-tion,total
WorldIm- i stocks,ports ; end of
month
Long tons
29, 38226, 010
43, 66039,09731, 04727, 75825, 37125, 306
35, 15936, 51843, 32940,90239, 57136, 62030,035
27, 38229, 19637,452
44, 05232, 524
45, 24345, 41346, 25546,03441, 82140, 751
49, 08835, 22042, 25345, 17549, 90148, 74842, 674
36, 27928, 37544, 723
549, 127579, 195
619, 752603,711619, 019628, 127646, 423644, 898
643, 355652, 690653, 000647, 993659, 865660, 699676,882
614, 708620,812656,355
1 Adjusted for seasonal variations. 3 See note on p. 51. July figures are preliminary.
September 1934 SURVEY OF CURRENT BUSINESS 13
Forest ProductsE
rMBER production has continued to reflect thecurrent low level of consumer demand. Output
has been irregular, declining sharply in the early partof July but moving steadily higher to a peak for theyear in the middle of August. During June, July,and August, production has been less than in 1933,although for the year through August 18 the cut was 12percent larger than a year ago.
Shipments of lumber, due mainly to the settlement ofthe longshoremen's strike on the Pacific coast, im-proved during recent weeks, and shipments for theweek ended August 11 were the largest since July 1933.Orders received during July were below production forthat month and were also below the total for July 1933.During the last week in July and the first 3 weeks inAugust, orders increased sharply and were consider-ably larger than in the corresponding weeks last year.
As production since the end of June has been in ex-cess of shipments, the already high stocks have beenaugmented. On August 11, gross stocks of 591 millstotaled 3,754 million feet which was equivalent to 163days average production. This compares with stocksequivalent to 139 days production on a similar date in1933.
The Timber Conservation Board, in its review ofoperations for the quarter ended June 30, stated thaton account of strikes, particularly on the Pacific coast,and consumer hesitancy in buying because of priceuncertainties, the lumber industry experienced a lessfavorable second quarter than usual. With the strikesituation cleared up in most sections, increased housing
demand, and the new minimum prices (now in effect),the report indicated that the industry should be able toapproach a balance between supply and demand andreduce its heavy stocks. The board repeated itsrecommendations, made in previous reports, that if thelumber industry hopes to secure reasonable stabiliza-tion it needs to adjust its production and stocks to cur-rent consumption and to the expectancy of recovery indemand. Trade promotion and research to extend theuses of lumber were also recommended.
Employment in the lumber and allied products indus-try declined by 2.4 percent in July. Pay rolls were offby 6.8 percent. As compared with July 1933, employ-ment was higher by 4.7 percent and pay rolls by 14.5percent. Employment in sawmills, although lowerthan in June, was considerably higher than last year.
Exports of all types of lumber during July were 16percent greater than in June. This represents anexceptional June-July gain, but the trend was in-fluenced to some extent by shipping conditions. Forthe year to date foreign shipments of lumber were 0.9percent lower than in 1933 but 6.4 percent higher thanin 1932.
Activity in the paper industry declined during Julywith slight decreases occurring in both employment andpay rolls. Shipments of newsprint from mills (bothCanadian and United States) declined seasonally andwere smaller than a year ago. Mill stocks roseperceptibly, Canadian accumulations reaching thehighest level since March 1932 while United Statesstocks were the largest since July 1933.
FOREST PRODUCTS STATISTICS
Year and month
1931: July1932: July1933:
July _AugustSeptemberOctoberNovemberDecember
1934:JanuaryFebruary . _ _ .MarchApril.MayJuneJuly
Monthly average, Janu-ary through July:
193219331934 „ ..
Production,adjusted 1
Lum-ber
Paperand
print-ing
Employment
Fur-ni-
ture,ad-
justed
Saw-mills,ad-
justed
Tur-pen-tineand
rosin,unad-justed
Pay rolls
Unadjusted
Fur-ni-ture
Saw-mills
Tur-pen-tineandrosin
Monthly average, 1923-25*100
4225
464636333032
34293833333129
262932
10986
111106104999597
9999
100100100
74.252.1
65.368.674.872.267.363.8
62.263.064.163.064.564.764.9
61.055.863.8
41.025.0
30.132.734.535.634.434.0
32.132.733.734.535.634.233.1
26.724.533.7
90.471.9
83.589.497.6
103.9101.1107.7
97.898.6
101.4101.2102.498.697.3
72.871.999.6
55.825.2
36.043.952.855.045.040.1
35.340.541.140.340.541.239.3
36.028.539.7
35.113.3
17.020.123.223.321.820.0
17.419.120.722.524.223.220.9
14.811.921.1
50.533.9
34.236.343.348.345.348.9
50.451.746.253.751.451.050.3
33.330.550.7
Car-load-ings,forestprod-ucts 2
Thou-sands of
cars27.114.3
26.927.224.724.423.418.1
18.321.823.724.225.124.620.8
18.119.322.7
Lumber production
Doug-lasfir
South-ernpine
South-ern
hard-woods
Cali-forniared-wood
Millions of feet, board measure
14980
196188137132128111
10913215115313277
" 102a 121'127
12283
12613311410410396
10611212411711810899
93100112
10971
169165150143131135
124128120135116146116
86
126
158
91518221617
202325242626
' 13e 11'24
Newsprint
Con-sump-tionby
Sub-sh-ers
Im-ports
Pro-duc-tion
Short tons
157, 119131, 823
132, 482127, 837134, 306152, 098154,934148, 427
140,955153, 958156, 721160. 815193, 088154, 175
"148, 191o!31, 807"159,952
173, 457138, 856
163, 434151, 210177, 750175, 711176, 766168, 787
168, 752124, 584168, 839196, 490204, 036200,004197,227
153, 059134, 760179,990
99, 39673, 603
80,3%87, 95772, 09182, 05287, 56780, 895
84,89771, 54484, 96680, 50589, 72682, 26076, 184
88,45376, 82181,440
1 Adjusted for seasonal variations. 2 Weekly average. " 6 months average.
14 SURVEY OF CURRENT BUSINESS September 1934
Iron and Steel IndustryPRODUCTION in the iron and steel industry has
declined further during August, following the sharpdrop in July. According to the weekly estimates ofthe American Iron and Steel Institute, steel mill ac-tivity declined from 27.7 percent of capacity in theweek of July 28 to 21.3 percent in the week of August25. Thus, a contraseasoiial decline in output is indi-cated for the current month. The rate of incomingbusiness has been slow, as major consumers have beendrawing down stocks accumulated at second quarterprices.
The high rate of production in the second quarter,when output was determined by price considerationsand fears of labor difficulties rather than consumer de-mands, is the primary cause of the low operating rateand the trend of the industry should be gaged on theperformance of both the second and third quarters.
July iron and steel production, adjusted for seasonalvariations, dropped to 47 percent of the 1923-25 aver-age, compared with 85 percent in June, 99 in July lastyear, and 25 percent in July 1932. Considering theextent of the recession in output, the decline in employ-ment (7 percent) was relatively small, but the drop inpay rolls amounted to 24 percent.
Steel-ingot output during July was at the rate of27 percent of capacity and production was the lowestfor any month since April 1933. The indicated Augustoutput, according to the weekly estimates, was below25 percent of capacity for the first time since March1933, in which month the industry operated at 15percent of capacity.
Shipments of finished products dropped abruptlyduring July. The effects of the abnormal productiontrend in recent months is well illustrated by the ship-ments of the leading corporation which in June were65 percent higher than in 1933, whereas July shipmentswere 50 percent below a year ago. Shipments of steelsheets were less than one-third of the June total andwere the smallest for any month since March 1933.New orders for sheets were less than either productionor shipments.
Pig-iron output also dropped sharply during July,although the decline was less severe than in the caseof steel. The daily average volume of production,adjusted for seasonal variation, was 36 percent lessthan in June and about one-third less than in July1933. The blowing out or banking of 14 additionalfurnaces, making a total of 42 in the past 3 months,reduced the number of active stacks to 75, or the samenumber as were working last December. Pig-ironproduction, as well as steel production, is currentlyrunning below the total for the corresponding periodof 1933, but output for the first 7 months of the yearwas 77 percent above 1933. The increase for steelingot production in this same period, which resultedin the highest output for this period since 1930,amounted to 47 percent.
Reflecting the current state of demand, prices ofsteel scrap have receded to new lows for the year.The composite price of scrap, compiled by the IronAge, receded to $10.17 a ton in the middle of August.A month earlier the figure was $10.58.
IRON AND STEEL STATISTICS
Year and month
1931- July1932- July -1933:
JulyAugustSeptember ,- -OctoberNovemberDecember
1934:JanuaryFebruaryMarchApril .MayJuneJuly
Monthly average, Januarythrough July:
1932 -.1933 -- _ _ .1934
General operations
Produc-tion,ad-
justed *
Em-ploy-ment,
ad-justed*
Payrolls,
unad-justed
Monthly average,1923-25=100
5825
998065604760
56636676848547
334868
69.850.1
62.868.770.969.468.167.6
64.966.469.171.574.376.371.4
55.651.370.6
52.423.4
41.450.047.547.643.343.7
41.145.751.356.861.362.647.6
31.828.952.3
Iron andsteel
Ex-ports
Im-ports
Pig iron
Pro-duc-tion
Thousands of longtons
8453
88119109165158185
17815126 L202242219233
5387
212
3718
534756472931
23253827292518
322926
1,463572
1,7921,8331,5221,3561,0851,182
1,2151,2641,6201,7272, 0431,9301,225
820890
1,575
Fur-naces
inblast
Num-ber
46
1069889797675
878996
1101178975
566295
Steel ingots
Pro-duc-tion
Thou-sands
of longtons
1, 888807
3,1682,8642,2832,0851,5211,799
1,9712,1832,7612,8983,3533,0161,473
1,2151, 720
! 2,522
Per-cent
ofca-
pac-ity
3415
584940372733
33414653565327
2231
s 44
Steel sheets 2
Newor-ders
Ship-ments
iThousands of
short tons
14466
1741591457988
110
20918415827224611573
1 97132
! 180
178 !73
17417416417599 '
112
13114720118424130285
103110184
UnitedStatesSteel
Corpo-ration,
finishedprod-ucts,ship-ments
Longtons
593, 900272, 448
701, 322668, 155575, 161572, 897430, 358600, 639
331, 777385, 500588, 209643, 009745, 063985, 337369, 938
365, 477416, 249578, 405
Prices
Ironandsteel,com-posite
Steelbillets, SteelBesse- i scrapmer (Chi-
(Pitts- cago)burgh)
Dollars per long ton
31.0529.48
29.8130.0431. 3031.5931.5932.42
32.4232.4232.4034.1834.7734.8934.21
1 29. 6528.6433.61
29.0026.00
26.0026.0026.0026.0026.0026.00
26,0026.0026.0026.7529.0029.0027.40
26.8926.0027.16
8.754.88
10.4110.459.849.338.568.94
10.5011.0012.1311.7510.959.759.55
6.547.07
10.80
Finishedsteel,com-posite
Dollarsper 100pounds
2.202.17
2.172.172.202.262.262.31
2.312.312.312.402.532.532.46
2.152.102.41
* Adjusted for seasonal variation. 1 Black, blue, galvanized, and full finished.
September 1934 SURVEY OF CURRENT BUSINESS 15
Textile IndustriesSIDE from the improvement in the rayon industry,
operations in the various textile industries havecontinued on a restricted basis. The limitation ofmachine activity in the cotton-textile industry, effec-tive for the 12-week period ended August 25, tendedto hold production in that branch to a fairly steadypace.
According to the Federal Reserve Board's index,the output of the textile industries as a group declinedslightly during July, but the adjusted productionindex stood at 77 in both June and July. While theoutput of the industry has recently dropped consider-ably below the level of a year ago, production in thefirst 7 months of 1934 was only 14 percent below 1933and was 18 percent in excess of 1932.
Cotton spindles were operated on the basis of 74.3percent of single-shift capacity during July, comparedwith 72.7 in June and 117.5 in July, 1933, accordingto the long-term series of the Bureau of the Census.Average spindle hours per spindle in place were 167in July and 169 in June. Output of cotton printcloth was slightly higher in the four weeks endedAugust 11 than in the preceding 4-week period, whileprinted yardage in storage dropped from 111,154,000yards to 108,358,000 yards in this interval.
Activity in the woolen industry was only slightlychanged during July. Spindle activity was at a some-what higher rate than in June, and the consumptionof raw wool was about the same. The decline in
weaving was pronounced in the'carpet and rug branch.Narrow looms were also operated at a lower rate,but wide loom activity increased.
Conditions in the silk industry have not undergoneany marked variation in recent weeks, with productioncontinuing at a low level and silk prices displayingfurther weakness. Daily average consumption of rawsilk during July was the same as in June, but therewas a decline in weaving operation following thetemporary gains in June which resulted from thealmost complete suspension of operations for one weekin May. Production of stock carrying mills droppedfrom 291 yards per loom in June to 266 yards in July,while the output of commission weavers dropped from459 to 392 yards. Stocks of cloth increased by 2.8percent to the highest total reported since March 1933.
In the hosiery industry, the growth of stocks ledthe code authority to call upon the industry for avoluntary curtailment of production. Current dataare not available to indicate whether the membershave followed out the suggestion of voluntary indi-vidual restriction.
Data on the production of members of the syntheticyarn code authority are not available to measure theextent of the improvement in rayon production.However, the plants operating under the silk-throwingcode produced 54 percent more rayon for weaving inthe 4 weeks ended August 4 than in the preceding4-week period.
TEXTILE STATISTICS
Year and month
1931- July1932' July1933:
JulyAugustSeptemberOctoberNovemberDecember
1934:JanuaryFebruarv ..MarchApril _ _May . _JuneJuly
Monthly average, Januarythrough July:
193219331934__
1
Pro
du
cti
on in
dex
, ad-
!ju
sted
i
Month-ly av-erage,
1923-25=100
10069
13011499918978
87919490897777
7310086
Cotton,raw
ft
5cZZo
iRun-ningbales
450, 884278, 568
600, 641588, 570499, 486503, 873475, 368348, 393
508, 034477, 890543, 690512, 703519, 765363, 414359, 372
382, 143542, 199469, 267
Cotton and manufactures
&+*!E'•£§3Is
ftQC
Mil-lions ofspindlehours
6,5283,656
8,1287,9427,0587,2616,7965,095
6,9706,6927,7207,2607,2795,2535,152
5,3497,4936, 618
Cotton clothfinishing -
§a|l*"-!«*§i"
Thousands ofyards
86, 517
99,901104, 920131,426122, 951114,80383, 41475,833
137,661
106, 280104, 94999,614
106, 388107. 128118, 034111, 154
104.750 107,650
Ifla
!A Q
£§
Month-ly av-erage,1926 =
10066.850.0
80.293.591.388.886.085.5
86.588.689.188.286.386.085.1
53.957.987.1
Wool
i"S
11
Thou-sands
ofpounds
53, 88626, 719
57, 37755, 69450, 46751, 03743, 46633, 570
35, 96834, 34836, 11929, 88928, 21326, 21325,936
25, 74140, 77130. 955
Wool manufactures
Spinningspindles
£
i1
i
Looms
I1 i
Percent of active hoursto total reported
6439
1089982686354
70767570707174
407172
8350
968369656046
52484439412932
406341
4317
545148413927
34393840403028
214036
6445
978773626457
67696655585456
426661
Wh
ole
sa
le
pri
ce
,w
oole
n a
nd w
ors
ted
goods
Month-ly av-erage,1926 =
10067.453.6
72.378.982.784.584.484.3
84.384.384.082.081.080.880.7
59.459.482.4
Silk
i
a03O>
1"3fi
Operations, machin-ery activity
•0**slltt"
|1CJ O
M*£$
P£ft
Bales of Percent of active hours
j pounds tototal
44,74638,382
; 44,59742,852
1 31,1851 28,521
34, 82226, 959
! 40,94239,02144,08037,39238, 74033, 06932,021
42, 28843, 58437. 895
1! 1
34.835.541.646.2
52.864.362.354.937.9
33.631.134.829.1
32.037.036.635.830.0
39.2
56.062.559.748.631.540.0«.,
-...-..J 48.5
ss|&££a&S« «££»-»£OteS
|siDollars
perpound
2.3641.231
2.2731.8811.8891.6471.4651.416
1.4531.5501.4051.3181.2841.1991.139
1.50-1.5761.33
i Adjusted for seasonal variation. » Printed only, 3 Grease equivalent. 4 Twisting spindles.
16 SUKVEY OF CUEEENT BUSINESS September 1934
Highlights on the Wholesale Census, 1933Theodore N. Beckman, Ohio State University, in Charge of Wholesale Distribution, Bureau of the Census 1
WHOLESALE trade constitutes one of the mostsignificant barometers of general business con-
ditions. Changes in its volume usually precedesimilar changes in consumption and the variability inwholesale prices normally presages at least the direc-tion of fluctuations in retail prices. Central wholesalemarkets are sensitive, well organized, and respondmore quickly and accurately to changing conditionsin supply and demand than is true of other types ofmarkets. For these reasons, many indexes of whole-sale trade and of wholesale commodity prices havebeen developed.
Current indexes of various phases of business ac-tivity may be compared with certain methods ofinventory control used by merchandising establish-ments. There is the book inventory, the real per-petual inventory, the tickler method of control, thephysical inspection plan, the purchase record method,etc. All of these aim to indicate the approximateposition of the merchandise in stock in order thatpurchases may be correlated to sales and to stocksalready on hand. However, none of these methods of
* Assisted by John Albright of the Wholesale Census in the preparation of some ofthe tabular material.
control is deemed accurate and the degree of accuracyof each must be checked at least once or twice a yearthrough an " actual physical inventory " which is themost complete and comprehensive of all devices nowin use. In this manner the most accurate inventorymethod may be chosen for control purposes in theinterim, and adjustments made from time to time onthe basis of the results shown by the actual physicalinventory. Similarly, current business indexes mustbe checked periodically in order to ascertain theiraccuracy or degree of error. The best way of ac-complishing this is through a complete census coveringsimilar items of information.
The first comprehensive inventory of wholesalingwas taken in 1930 as part of the Census of Distributioncovering operations for the year 1929. Throughfunds supplied by the Civil Works Administrationanother such inventory was taken during the presentyear as part of the Census of American Businesscovering the year 1933. In this way, it is possible tosee wholesaling in the fourth year of a severe depressionin comparison with the previous snapshot of whole-saling covering a year of prosperity, and to note thechanges effected in this 4-year period.
fc«?5v VMS ' 48.<
TOTAL FOR UNITED STATES
PERCENT DECREASE
I I 25 TO 50Wm 50 TO 60H160 TO 75
I933.--$30,5IZ,27I,0001929-.-$69,056,604,000
PERCENTAGECHANGE -55.8
Percentage decrease in wholesale trade of the United States.
September 1934 SURVEY OF CURRENT BUSINESS 17
WHOLESALE TRADE OFF SHARPLY—DECLINE INESTABLISHMENTS SLIGHT
During the year 1933, there were in the UnitedStates, according to preliminary figures, 159,724wholesale establishments or places of business whereall or a major part of the goods are sold or distributedon a wholesale basis (table 1). This compares with169,655 such establishments in 1929, or a decrease of5.9 percent. However, when the final results arepublished, the number of establishments will probablytotal around 164,000. This means that the reductionin the number of wholesale business establishments israther small arid probably not in excess of 4 percent.The dollar volume of wholesale business, however,registered a severe decline. In 1933, the net sales ofall wholesale establishments amounted to $30,512,-271,000 as compared with $69,056,604,000 for 1929,marking a decrease of 55.8 percent. It is probablethat the final figures on wholesale trade volume willbe in the neighborhood of $32,000,000,000. Thismeans that the average sales per wholesale establish-ment were considerably lower in 1933 and that thesmaller enterprises exhibited unusual tenacity duringthis depression which is probably the most severe inmany respects in our history. Such a result augurswell for the "small business" man and should tend to
dispel fears entertained by some about the disappear-ance of the small wholesale business unit.
FOUR STATES HANDLE HALF OF BUSINESS
Approximately one-half of the total volume ofbusiness in 1933 was reported by wholesale establish-ments located in the four States of New York, Illinois,California, and Pennsylvania. The States of Ohio,Massachusetts, Missouri, and Texas accounted foran additional one-third of the business. Thus, theeight States named in the order of their importance,each reporting more than a billion dollars worth ofwholesale business during 1933, made up about two-thirds of the total volume. The same eight Statesaccounted for almost two-thirds of the wholesalebusiness in 1929, although the order of their importancehas changed in 1933 from that of 1929 except for NewYork, Illinois, and Texas, which still retain first,second, and eighth places, respectively. Californiachanged places with Pennsylvania, moving up fromfourth place to third. Ohio and Massachusetts ad-vanced from sixth to fifth and from seventh to sixthpositions, respectively, while Missouri descended fromfifth to seventh place. Most of the remaining Statesalso changed rank during 1933, may be seen by refer-ence to table 1.
Table 1.—Summary of Wholesale Trade by States, 1933
State
TotalAlabama _ArizonaArkansas _ _ _ _ -_ _ _ _CaliforniaColoradoConnecticut--.DelawareDistrict of ColumbiaFloridaGeorgia _ _IdahoIllinois _ _ -Indiana - -IowaKansasKentuckyLouisianaMaine - -MarylandMassachusettsMichiganMinnesota ~ _MississippiMissouri- -MontanaNebraskaNevada - -_ - - _ _New HampshireNew JerseyNew Mexico - ._ ___ _.New YorkNorth Carolina _ ..North DakotaOhioOklahoma _ . _ . ___ . .OregonPennsylvaniaRhode Island _ _ ._ _ _ _ _ _ _ ._South CarolinaSouth Dakota.. _ _ - _ . _ - _ -TennesseeTexas _ _ . _._ - -UtahVermontVirginia. _ _ ._ . -_WashingtonWest Virginia _ _ . . _ _ . _ . .Wisconsin. - . _ _ _ ...Wyoming _
Number of estab-lishments
1923
169, 6551,743
3582,0529,7512, 0751,369
286496
2,0543,183
67411,5873,7344,9544,3232,0271,729
9872,2056,0665,2725,5211,7136,6741,2492,890
96326
2,344317
25,3112,4132,8198, 0774, 1791, 439
10, 542737
1,5391,9732,2569,606
736308
2,3442,5911,1323,515
283
1933
159, 7241,548
4691,119
11, 0031,7421,314
238482
1,9852,205
75811,8374,2475, 0574,8331,9732,026
7882,2035,0355, 7775,0011,2465,9081, 2313,280
141282
2,648390
21, 5062,2712,3508,2693,9341,3259,559
5261,2161,6551,9296,876
646247
2,3332,6961,1584,115
347
Net sales
Amount (in thou-sands of dollars)
1929
$69, 056, 604574, 14597, 554
373, 0744, 159, 323
539, 626520, 551118, 087261, 083466, 535
1, 016, 49695, 616
6, 861, 067921, 561
1, 057, 0061, 020, 677
522, 495836, 197189, 975741, 367
3, 065, 8562, 172, 4091, 716, 944
385, 2263, 361, 721
158, 5451,054,064
13, 71961,414
1,008,88153, 547
17, 604, 634717, 432262, 430
3, 094, 100773, 398466, 831
4, 777, 292300, 072333, 528236, 280
1, 068, 9812, 804, 518
180, 10157, 393
656, 309937, 768346, 839979, 276
34, 661
1933
$30, 512, 271187, 88649, 761
115, 7542, 272, 135
230, 781220, 61747, 785
140, 369256, 006386, 53849, 155
2, 772, 669399, 330447, 254281, 728259, 871420, 71397, 686
367, 6971, 422, 897
862, 732793, 495142,831
1, 362, 89776, 073
393, 1359,934
32, 730491, 04925, 237
7, 863, 017372, 91290, 278
1, 576, 675294, 831193, 841
2,116,772132, 477164, 28371, 770
428, 3741, 048, 131
85, 05535, 561
331, 537435, 822170, 269465, 205
18, 716
Percentchange,1929-33
-55.8-67.3-49.0-69.0-45.4-57.3-57.6-59.5-46.2-45.1-62.0-48.6-59.6-56.7-57.7-72.4
50 3-49.7-48.6-50.4-53.6-60.3-53. 8-62.9-59.5-52.0-62.7-27.6-46.7-51.3-52.9-55.3-48.0-65.6-49.0-61.9-58.5-55.7-55.9-50.7-69.6-59.9-62.6-52.8-38.0-49.5-53.5-50.9-52.5-46.0
Percentof total,
1933
100. 00.62.16.38
7.45.76.72.16.46.84
1.27.16
9.091.311.47.92.85
1.38.32
1.204.662.832.60.47
4.47.25
1.29.03.11
1.61.08
25.771.22.29
5.17.97.63
6.94.43.54.23
1.403.43.28.12
1.091.43.56
1.52.06
Rank accordingto volume of
business
1929
2543324
262842373015442
1912142720392279
10315
4113494516471
23366
21293
353438118
40462418331748
1933
3042363
272844342619432
17132425163721
69
10337
4018494611471
20385
23294
353241158
39452214311248
Average numberof employees,
1933
Fulltime
1,058,7678,8492,2355,877
92, 25310, 66811, 1861, 3785,918
14, 78014, 5492,034
88, 88118, 57218, 41712, 47411,96917, 3924,962
17, 13643, 40334, 64928, 2045,009
47, 8393, 137
12, 813450
1,79521, 7881,197
185, 50212, 8163,978
63, 46712, 4679,496
72, 9744,6044,8093,835
15, 62738, 1404,4981,707
15, 82019, 0997,325
21, 983806
Parttime
120, 591951726804
20, 0861,128
982245170
5,3751,547
9677,7602,2622,7582,1692,6121,470
5603,1493,0043, 7732,6871,1933,909
4722,020
71168
1,605143
9,0342,836
5055,3301,8231,1985,642
310602551
1, 9175,266
431124
3,1613,490
7092,794
102
Salaries and wages,1933 (in thousands
of dollars)
Full time
$1, 586, 66411,3183, 3207,009
134, 93414, 34815, 5462,2278,613
16, 14219, 7052, 749
143, 45524, 63023, 17115, 39714, 22622, 3936,763
21, 84472, 51050, 67939, 4785,925
69, 0934,551
16, 287727
2,31834, 628
1, 696341, 39115, 6315,020
95, 23816, 38013, 462
108, 8806,8516,0064,721
19, 10950, 1625,8462,167
19,51227, 07110, 69931, 690
1,146
Parttime
$58, 875347378281
11,0145328979991
1,794460437
4,617943
1,242815
1,097527243
1,0141,8231,7091,255
3821,667
2537213775
95760
6,738780193
2,622730642
3, 122185199208641
2,16518859
1,0991,830
3171,339
51
81294—34
18 SURVEY OF CURRENT BUSINESS September 1934
Table 2.—Percentage Decline in Wholesale Business Com-pared with Specified Kinds of Goods, Expressed as Per-cent of 1929 Total
States listed according to decrease in salesvolume, 1929-33
Percentagedecreasein dollarvolume,1929-33
Farm prod-ucts—rawmaterials,percent of
total
1929
Farm prod-ucts plusselected
industrialgoods, per-
cent oftotal
While the average decrease in the business of whole-sale establishments in 1933 as compared with 1929 forthe entire United States was 55.8 percent, 11 Statesshowed a decline of over 60 percent and 24 States hada decrease of from 50 to 60 percent. Thirteen Statesand the District of Columbia showed a decline of lessthan 50 percent, but none of the States (including theDistrict of Columbia) had a decrease of less than25 percent. The States most seriously affected, asshown on the map, are located in the wheat-producingarea and in the Cotton Belt. To this there is but one united states 55.8 17 33
exception, namely, Michigan, ^which apparently suf- 12 l kkota:::::::::::::::::::::::::::: l%i M II
fered from the unusual decline in the automotive busi- \ Alabama f i l 22ness, at least during the first part of 1933. jj- Mte^stoS0~ta 62 9 54
These data are shown in detail in table 2 wherein g'. TexaTka '. 1 ef'e 47 56the States are listed according to the percentage ^ Oklahoma" BI 9 33decrease in their volume of wholesale business in 1933 }*• ^nnessee 59*9 44 51as compared with 1929. The exact percentage de- u Missouri 59*5 2<v 1crease for each State in shown in the second column. }*>. Delaware 59.5 2 10
-to. vjiyguu oo. o i / oo
The third column shows what percentage of the total g. *™^cYicutf 57 6 44 20wholesale business reported for 1929, for the United 20 Fn°d?ana° II'7 29 toStates and for each of the States, consisted of farm 22'penn^ivan/a P'? ^ ?tproducts of the raw material type, such as cotton, 1 Minnesota 53! 41 50grain, livestock, leaf tobacco, etc. In the fourth 25. Massachusetts j 53:6 14 24column is shown, for the United States and for each g. New Mexico 1 52.9 21 27of the States, the percentage of the total volume of 29. wisconsm j 52.5 15 so
wholesale business reported for 1929, which consisted 32 wel/vir^m'ia" i so? 4 32of the type of farm products referred to above, plus 34'Mar
thiSialolina 1 501 45 fcertain types of "heavy" goods used primarily for &>. Kentucky 1 50.3 32 40industrial purposes, including machinery, equipment |7. Virginia j 49.5 j is 26and supplies, metals and minerals, and lumber and |9. Arizona 1 49.0 10 IG
rnafpriold 41. Idaho 48.6 43 45HiaitTia.S. 42. North Carolina 48.0 38 42
43. New Hampshire I 46.7 1 6DECLINES MOST SEVERE IN STATES HANDLING 44. District of Columbia 46.2 o 12
LARGE VOLUME OF FARM AND "HEAVY" INDUS- il\ c SI::::::"::::::::::"::::":::::: if.ll ll IIT P T A T T>T?r»FITTr>"TQ 47. Florida j 45.1 1 8IR1AL FRODUCI^ 48. Vermont I 38.0 I 4 9
49. Nevada i 27.6 I 5 10It is a matter of common knowledge that a good L__ ! i
share of the brunt of the depression has been borneby farming and by the heavy goods industries. An When the percentage reduction of sales by States isattempt has been made to express this relationship correlated with farm products (raw materials) andstatistically. The percentage decrease in wholesale specified "heavy" goods percentage of the totalsales volume by States has been correlated first, with sales during 1929> '=0.68 ± 0.05. This is significantthe sales of farm products (raw materials) percent of and represents a fairly high degree of association. Ittotal 1929 sales, and second, with the percentage of mealls that the States which m 1929 reported a large1929 sales accounted for by farm products (raw Proportion of their business consisting of either rawmaterials) and certain "heavy" goods combined. materials from the farm or ot industrial goods such asThe correlations were calculated by the Pearsonian metals> lumber> machinery, and equipment, were theformula greatest losers in wholesale trade volume during the
When the percentage reduction in sales by States is depression. To put the matter somewhat differently,correlated with farm products (raw materials) per- much of the decrease in wholesale business is ac-cent of the total sales during 1929, r (the coefficient counted for by the precipitous decline m the businessof correlation) is found to be 0.56 ±0.07. This repre- of those establishments that deal m industrial ratherserits some degree of association and indicates that the fchan consumer goods. This decline can be moredecline in the sales value of farm products has been accurately measured when the data are available bya contributing factor in the decline in wholesale sales lands of business.
volume and that in general the States which in 1929 EMPLOYMENT ONE-FOURTH BELOW 1929reported large proportions of their sales totals in rawmaterials coming from the farm showed the severest The 159,724 wholesale establishments employedlosses in business in 1933 from the 1929 level during the year 1933, 1,179,358 persons, 1,058,767
September 1934 SURVEY OF CURRENT BUSINESS 19
on a full-time basis and 120,591 as part-timers. Theseemployees were paid $1,845,539,000 in salaries, wages,and commissions, of which $58,875,000 went to part-time employees. While part-time employees con-stituted 10.2 percent of the total number of em-ployees, they received but 3.6 percent of the pay roll.On the other hand, the full-time employees made up89.8 percent of the total and received 96.4 percent ofthe pay roll. The employment and wage figuresherein presented do not include proprietors and firmmembers or their compensation and drawing accounts.
When compared with 1929 the number of em-ployees engaged in wholesale trade registered adecline of 26.5 percent. It is likely that when thefinal figures are compiled the decline in employmentwill be found to have been not more than 25 percent.This compares with a decline in employment for whole-sale trade for the year 1933 of 22.1 percent, as shownby the index of the Department of Labor which ispublished monthly in the " Survey of Current Busi-ness/7 It would seem, therefore, that the currentindex of wholesale trade employment for the year1933 overestimated the number employed by approxi-mately 3 points. According to the census, salaries andwages in wholesale trade decreased 45.3 percent fromthe 1929 level. This percentage will probably be re-duced when final figures are compiled to approxi-mately 44. The monthly index of the Department ofLabor shows a reduction of 39.6 percent in wholesaletrade pay rolls in this same period.
Since pay rolls decreased much more than thenumber of employees, it would appear that the aver-age earnings of employees engaged in wholesale tradein 1933 were about 25 percent less than in 1929. Inas-much as the N.I.C.B. cost of living index stood at74.8 in 1933 as against 100 in 1929, the decrease inaverage earnings per employee in wholesale trade wasabout equal to the decline in the cost of living.
EMPLOYMENT IMPROVED IN LATTER HALF OF 1933
Despite the unfavorable picture portrayed in thepreceding paragraphs, some definite bright spots maybe discerned in the results of the wholesale census.These lie in the substantial gains in wholesale tradeemployment during the latter half of 1933 as shownin table 3. If the average number of full-time em-ployees for the year be regarded as 100, December1933 showed an improvement over the beginning ofthe year of 10 points, and October registered an im-provement of 11 points over the first quarter of theyear. Similarly, the peak in part-time employmentreached in November 1933 was 23 points higher thanthe low recorded in March. Wlien the fourth quarterof 1933 is compared with the first quarter, full-timeemployment shows an improvement of 10.9 percentand part-time emplo3rment an improvement of 21.7percent.
Table 3.—Monthly Fluctuations in Wholesale Trade Employ-ment for the United States
[Expressed as percentages of the year's average number of employees]
Month
,\vercHre iTioiit'"1
JamnryFebruarvMarchAprilM a y _ - _ _ . _ _JuneJulyAugustSeptember . .OctoberNovemberDecember
Full time
Percent100
9595P5969798
100102105106105105
1933
Part time
Percent100
9392919295979699
109111114111
Total fulltime andpart time
Percent100
95
9495969899
102106107106106
1929
Full timeand part
time i
Percent100
99
95
103
103
1 Employment data for 1929 were shown for 4 months only.
According to the 1929 Census of Distribution, theseasonal variation in such employment for the UnitedStates is about 8 points for full-time and part-timeemployment combined. If it is assumed that 1929was fairly typical in this respect, it would appear thatthe last few months of 1933 showed more than seasonalbetterment. It is also significant that the increase inemployment which began in April continued graduallyto the end of the year.Table 4.—Wholesale Trade of the United States—1933 Per-
centage Increase in Employment, By States, October-December Over January-March
States
United States average-AlabamaArizonaArkansas - -CaliforniaColoradoConnecticutDelawareDistrict of Columbia _ _FloridaGeorgiaIdahoIllinoisIndiana
KansasKentuckyLouisiana
TVfaryland
MichiganMinnesota
IVIissouri
Fulltime
Percent10.816.55.1
11.713. 16.59 44. 1
10.7-1 412.421.011.811 315 710 5
-8 213 08 59 29 3
13 811.315 08 3
Parttime
Percent21.754.21.0
45.313.90.0
50 714.833.3
-4 045.1
100.013 120.437 427 8
-50 336 914 418 010 435.525.219 711 3
States
Montana .NebraskaNevada _New HampshireNew JersevNe\v MexicoNew YorkNorth CarolinaNorth DakotaOhio .OklahomaOregon., .__ __ .__ _PennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming
Fulltime
Percent13.79 1
10.913.58 8
13.67 3
32.414.712 728. 126.98.99.2
18 114.09.9
16. 29 3
13.59.9
17.212.210.913.5
Parttime
Percent51.723 522 83.0
13 9116 5
6 3]74 877.814 481.546.88 55.7
100 065.40.9
44.646 3
108.233.7
101.832.424 935.6
A comparison in full-time and part-time employmentduring the fourth quarter with the first quarter of theyear (table 4) discloses the fact that with but oneexception all of the States in the wheat area and inthe cotton belt, particularly the latter, showed anadvance in employment much higher than the averagefor the United States. Michigan, too, followed in thesame direction. Obviously, had it not been for theimprovement in business as reflected by increases inemployment during the latter part of 1933, the declinein the volume of wholesale trade for 1933 as comparedwith 1929 would have been even more severe.
20 SUKVEY OF CUEEENT BUSINESS September 1934
EXPORTS BY GRAND DIVISIONS, COUNTRIES, AND COMMODITIES, 1933'
January | *e£i- 1! 1
Total, incl. reexports thous. of dol._By grand divisions and countries:
Africa thous. of dolAsia and Oceania thous. of dol—Japan thous of dolEurope thous. of doL_
France thous. of doL_Germany thous. of dol—Italy thous of clol !United Kingdom thous. of doL.I
North America, northern thous. of dol— !Canada thous. of dol—
North America, southern thous. of dol— IMexico thous. of dol._
South America thous. of dol iArg^ntino thou". of dolBrazil thous. of dol— IChile thous of do!
By economic classes:Tot^l domestic thous o* dol '
Crude materials thous. of dol._|Raw cotton mills, of doL.I
Foodstuffs total thous of dolFoodstuffs, crude thous. of dol— |
Foodstuffs, manufactured-thous. of dol— 1Fruits and preparations.. mills, of d o l _ _ |JV'Ieats and fats mills of dol iWheat and flour mills, of dol— •
Manufactures, semi thous. of dol—Manufactures, finished thous. of dol—
Autos and parts mills of dolGasoline mills of dolMachinery mills, of dol—
By individual items:Automobiles, assembled, total .. .number—
PassoTvrer cars numberTrucks. number--
Beef an-'l vc°l thou- of IbCigarettes thousands 'Coal:
Anthracite--- - --thous. of long tons _Bituminous thous. of long tons
Coke thous. of long tonsCopper, re lined short tonsCotton, exclusive of linters.- thous. of bales..Cotton cloth thous. of sq. yd__Cottonseed cake and meal short tons-Fertilizers, total long tons__
Nitrogenous long tons—Phosphate materials-- long tonsPrepared lonf tons
Fir, Douglas:Lumber - -M ft.b.mTimbe*~ M ft b m
GasoHne thous of bblGold thous of dolGrains incl. flour and meal, .thous. of bu__
Barley incl malt thous of buCorn Inpl meal thous. of buOa^s incl oatmeal t^ous of buRye incl flour thous of bu"Wheat incl flour thous of bu
Whert o^ly thous of buWheat flour thous of bbl
Iron and steel .long tonsKot"ospne thous of bblLeather sol° thous of IbLeather, upper thous. of sq. f t __Linseed cake and meal thous. of l b _ _Locomotives, railway, total number__
Flectric numberSteam number
Lumber, all types M ft.b.mM^ethinol wood distilled gallonsMilk:
Condensed (sweetened) thous. of lb__Evaporated (unsweetened)- thous. of lb__Powdered thous of Ib
Pine, southern:Lumber M ft.b.m_.Timber M f^ b rn
Pork iiicl lard thous of IbLard thous of IbRice pockets (100 lb.)_Shoes, leather thous. of pairsSilver thous of dolSugar, refined, incl. maple long tons__Tobacco, leaf thous. of lb__Vegetable oil^ total thous of Ib
120, 589
3,05525, 27211, 18562, 2168, 989
11,7484,443
21,31112, 67212, 4399,2482, 6348,1262,7122, 606
294
118,55942, 247
29.716, 1804, 663
11,5164.65.92.0
15, 83544, 297
6.55.19.2
10, 1417,0593,082
915207, 980
67337
2112,567
79434, 32221, 94156, 1738,827
44, 13815
25, 72017, 7202,251
144,698
993155237
03, 3131,793
32456, 710
872134
4,51026, 687
000
70, 476112, 122
5043, 129
183
20, 7705, 254
88, 68478, 108
154, 28935
1, 5512,470
28, 4037, 406
101, 515
2,33520, 166
7, 29951, 0947,6538, 6094, 057
18, 68911,70311,5018, 0902, 1738, 1282,7812, 682
291
99, 42331, 848
20.612, 8173, 2469,571
3. 84.51.2
13, 24341, 515
6.33.88.5
8, 6575. 5213, 136
849146,038
80311
12, 515557
34, 21523, 87359, 903
7, 84550, 143
80
15, 37917, 8651,729
21,5213,400
281583366
i2, 175
729308
63, 89561586
5,07122, 799
220
49, 62662,613
5262, 629
179
18, 2325, 024
65, 76157, 773
181, 14641
2092, 768
25, 7886,627
IMarch
108, 015
2,63222, 6829,614
50, 3127,9557,0583,986
17, 64614, 19913,84010, 6172, 9037,5721, 8731,912
375
106, 29329, 359
18.113, 3953, 5249,871
3.94.41.3
16, 50447, 036
6.93.99.4
8, 0565, 5282,5281, 135
238,126
6028723
12, 102488
39, 4755,039
85, 4559, 499
73, 12555
24, 88034, 425
1,82928, 123
3, 9521, 016
371459
12,105
456351
80, 567629162
6, 00417, 246
94
67, 735233, 754
4752, 893
160
17, 3007,684
58,35147, 661
166, 28171
2693,325
36, 7254, 697
April
105, 217
3,43117, 8236, 408
52, 2278,1638, 9083,101
18, 23213, 56813, 30910, 3842,8527, 7842, 5352, 320
297
103, 26528, 618
16.911, 3092.5108,799
2.94.11.1
15, 45947, 879
7.46.08.8
8,3185, 6622,6561, 561
131,016
38435
1410, 630
43628, 150
4, 56469, 580
4, 23963, 621
57
31,77128, 1323,024
16, 7412,548
388187216
31,754
194332
91, 045691168
4,54120, 518
550
75, 085147, 338
5623,290
248
21, 4274,831
50. 63938, 741
157, 23571
1932. 921
38, 7132, 357
May
114, 203
2,46220, 6308,267
56, 8408, 077
11,3914,558
18, 78516, 73516, 43910, 3613,2747,1752. 3501,813
373
111,84534, 986
26.113, 0443,024
10, 0213.84.91.0
17, 60046, 215
7.43.79.1
7, 5385, 0932, 4451,164
197, 603
3172246
10,976592
27, 3845, 373
60, 3495,987
5 2, 479104
35, 79524, 478
1,95322, 925
2, 772381713153
21,523
14321
122, 952598123
5, 19217, 676
550
89, 50459, 621
4822,122
192
24, 9797, 582
56, 15446, 03869, 816
57235
3, 09020, 251
2, 243
June
119, 790
2, 72720, 6247,720
58, 8078, 178
10, 1784,322
22,23018, 42118, 06810, 6332,8218,5782,7561,650
517
117,51740, 257
29.313, 3522,703
10, 6502.95.51.2
18, 17845, 729
6.93.99.3
7,2354,7572,4781,657
142, 109
83806
5612, 575
61530, 268
5085, 504
7, 62571,624
136
39, 44715, 6812,1544,3803, 186
858443163
171,705
16359
102, 55034988
4,87626, 862
1174
94, 97233, 100
3333,147
225
21, 1884,560
52, 09437, 94171, 573
63343
3, 62518, 523
1,234
July
144, 109
3,26230, 12715, 04667, 9958, 583
11, 2354,741
24, 70521, 29620, 92311,7263, 5289,7023,4132,325
456
141, 57351, 509
36.815 383
3^ 07812, 305
4.35.71.1
21, 35953, 321
7.56.0
10.1
9, 1285, 5463, 5&21.344
207, 710
102883
6212, 592
69228, 704
96181, 145
6,58270, 790
251
32, 96823, 3083,027
85, 3752,969
836581155
61,391
28290
88,311846175
6,46438, 382
880
95, 23593, 833
! 330i 3, 305
205
! 29, 532! 9, 015| 51, 112i 36, 200
163,348! 511 2,572
3,51330, 621
| 1,744
August
131, 473
3,74024, 44610, 15762, 7468,4768,9983, 595
24, 68620, 76820, 30110, 8853, 3138,8892, 8972, 088
338
129,31541, 968
28.216. 8863,062
13, 8245.65.41.5
20, 46349, 998
8.13.4
11.1
10, 3086,5163,7921, 689
171, 439
9995373
12, 955531
18, 2152,231
90, 4338,628
79, 428352
24, 83316, 4081,548
81, 4732,831
437438232
31,721
21362
119,374621167
4,91758, 686
1183
78, 19242, 458
3422,394
192
23, 8438, 353
49, 24035, 71473, 077
807,0154,062
24, 503444
Septem-ber
160, 119
4,53532. 12015, 59981, 87412, 38413, 728
7, 23928, 47421 4g,i21, COO9,4623, 324
10, 6433, 5882, 650
656
157, 49063.611
45.318, 7013,398
15, 3026.85.91.3
21,26153, 916
8.33.9
11.7
10, 9446, 3304,6141,859
271,311
12597685
12, 127869
13, 7888, 986
123, 28719, 83497,479
375
27, 51516, 0431,802
58, 2822,605
411482178
31,531
43317
108, 799726124
6,31552, 481
312
75, 96536, 523
3122,885
184
24, 6865,915
61, 15748, 74326, 987
643,3214,020
42, 386504
October
193, 069
4,16635, 05016, 825
108, 59617, 04117, 7208. 537
39i 53221 83821, 48611,1813,499
12,237 14, 1413, 194
458
190, 84281, 794
54.223, 5105, 042
18, 46811.06.21.2
24, 44561, 083
8.66.5
13.5
11,4735,9065,5671, C60
272, 496
85811
10, 7331,047
13, 09516, 484
116,5848,059
102, 986763
25, 36114, 8542,455
34, 0462,169
283288105
31,490
24312
164, 755922113
5,28056, 544
743
80, 46355, 553
3221,927
215
21, 6775,632
61, 86449,81278, 296
582,2814,427
66, 2172,232
Novem- iber
184, 257
4,67037, 57317, 05694, 86414, 08216, 8735,934 I
33,564 j23, 25222, 83311,6483, 685
12. 2484,5592, 862
491
181,29171, 289
48.824, 0556, 653
17, 4029.76.61.6
24, 19561, 743
7.3
ie!o6,7033,5273, 1761, 678
238, 329
831, 000
5613, 108
91515, 08210, 119
117,95411,813
102, 115281
20, 37311,6022,7712, 9574,6091,3141,283
820
1,930513302
157, 6001,045
1026,703
61, 009642
73, 06586, 293
2511,843
196
19, 0385, 229
63, 70547, 56379, 288
77464
4,80044, 2285,223
Decem-ber
192, 638
5,89940, 87818, 259
102, 20812, 12913, 5776, 728
43, 878IS, 89818,51311,7913, 456
12, 9653, 3223, 626
777
189. 80873,071
44.324, 3447,464
16, 8808.36.73.9
28, 49763, 897
9.34.1
15.8
9, 5263, 0666,4601,924
271, 219
71448
3915, 862
82017, 81914, 13081, 35916, 82459, 887
131
30, 87118, 9751,452
10,8156,657
151408123
05,8754,152
388184, 579
851156
6,68456, C69
169
87, 956145, 657
2862,800
162
21, 1567,431
67, 45354, 83896, 097
78590
5, 96562, 568
2,578
Total
1, 674, 994
42, 916327, 393143, 435849, 778121,711140, 02461,240
311,732214, 833210, 651126, 02637, 521
114,04836, 92729, 7285,321
1, 647, 220590, 566
398.2202, 97548, 366
154, 60967.865. 818.6
237, 041616, 639
90.657.5
132.5
1C8, 02764,51143, 51616, 8S3
2, 495, 376
9248, C69
568148, 842
8,356300, 628113,761
1, 027, 726116,762867, 815
2,600
335, 013239, 49125, 896
366, 65242, 3947,3495, 9312,463
4026, 6117,6833,963
1,341,1378,7641,598
66, 569454, 962
835726
948, 2741,118,865
4,72532, 3652,341
263, 82876, 510
726, 274579, 132
1,317,443746
19, 04145, 086
438, 93637, 289
i Compiled by the Bureau of Foreign and Domestic Commerce, United States Department of Commerce, and represent the final corrected totals for the year. Althoughnot all of the statistics have been revised, a complete tabulation of the year's figures is presented herewith for convenience. The import revisions will be presented in asubsequent issue.
September 1934 SURVEY OF CURRENT BUSINESS 21
WEEKLY BUSINESS INDICATORS[Weekly average, 1923-25=100]
ITEM
Business activity:New York Times 1 * #.Business Week^f *
Commodity prices, whole-sale:
Dept. of Labor, 1926=100:Combined index (784) _ _ _
Farm products (67) _ _ _Food (122)All others (595)
Fishers' index, 1926=100:Combined index (120). _ _
Copper, electrolytic %Cotton, middling, spot
Construction contracts %Distribution: Car loadings. _Employment: Detroit, fac-
toryFinance:
Failures, commercialSecurity prices:
Bond prices %Stock prices \
1934Aug.
25
76.971.875.578.4
78.563.849.6
53.6
104.183.6
Aug.18
78.558.1
76.168.974.178.4
77.863.848.9
28.062.6
79.5
48.4
103. 481.2
Aug.11
79.159.2
75.467. 372.278.4
77.863.850.7
62." 8
51.4
103.879.6
1933Aug.
26
84.964.6
69.658. 265.074.4
70.463.835.372 719.765.9
80.1
98.092.5
Aug.19
89.364.3
69.357.564. 474.2
70.363. 834.272 526.966. 2
63. 3
78. 7
98.288.5
Aug.12
89.265.2
69.458.564.974 1
70.363.834.272.5
"65." 7
85.7
98.488.6
1932Aug.
27
65.653.8
65.249.561.670 2
61.9
32! o70.637.556. 1
29.2
144.7
92.167.7
Aug.20
65.453.2
65.449.961.870 2
61.837.727.670.731.654.1
159.2
89.961.0
1931Aug.
29
81.871.0
68.952. 926.575.064.179.6
50.0
107.1
103.6126. 5
Aug.22
82.371.4
69.452.924.675.0
_~78.~1
109.1
103.9128.0
ITEM
Finance— Continued.Banking:
Debits, outside N.Y.C.tFederal Reserve report-
ing member banks :§Deposits:
Net demand _Time - ..
Loans, totalInterest rates:
Call loans |Time loans 1
Money in circulation %. .Production:
AutomobilesBituminous coal JElectric power fLumberPetroleum tSteel ingots f _ _ _ _
Receipts, primary markets:Cattle and calvesHOP'SCotton .. _Wheat
1934Aug.
25
64.7
127.9126.370.0
24.222 9
110.4
68.6
"98." 9
118. 328.3
38. 556.9
Aug.18
67. 3
128.0126.070.1
24.222.9
110.3
70.659.5
100. 537 4
120. 930. 3
204. 543.525. 461. 5
Aug.11
63.3
127. 0125. 670.1
24.222.9
110.2
75.4oo. 599. 640. 4
120. 334. 2
229.755. 533. 565. 1
1933Aug.
26
59.1
101. 8124. 578.2
24.222.9
115.5
65.675.997.843.6
132. 364.5
82.462.673.185.7
Aug.19
63.8
101.8124. 978.9
24.226.3
115.8
70.774.399.042,0
132. 868.4
81.463.051.268.5
Aug.12
55.0
103.1125. 078.3
24.228.6
115.8
70.672.297.741.7
133. 972.4
73.161.246.262.3
1932Aug.
27
53.2
89.9124.386.6
48.534.3
117.5
26.152.186.224.2
101. 517.1
76.350.956.9
115. 1
Aug.20
59.2
89.6124.287.3
48.534.3
117.9
25.648.486.023.2
101.318.4
72.050.349.6
111.0
1931Aug.
29
„109.2154. 8114.7
36.440.0
103.2
62.673.398.342.084.140.8
99.960.950.4
144. 5
Aug.22
82.4
109.3155.7114.7
36.437.3
102.3
65. 569.698.640. 0
125.242.1
92.2rn 05o. 331. 5
149. 1
* Computed normal = 100. ^ Latest week is preliminary, f "Weekly average, 1928-30=100.1933, for explanation. § 1933-34 indexes are based on reports from 91 cities; earlier data cover 101 c
t Daily average. # Index revised,.ties.
See weekly supplement of June 1,
WEEKLY BUSINESS STATISTICS
ITEM
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New York dol. per lb_-Cotton, Middling, spot, New York dol. per lb._Food index (Bradstreet's) . dol. per lb._Iron and stp(il composite dol. per tonWheat, No. 2 Hard Winter (K.C.) dol. per bu—
Banking: FINANCEDebits, New York City mills, of dol_.Debits, outside New York City mills, of dol._Federal Reserve banks:
Reserve bank credit, total mills, of dol._Bills bought mills, of dol. _Bills discounted mills, of do l__U.S. Government securities mills, of dol_.
Federal Reserve reporting member banks :§Deposits, net demand mills, of doi__Deposits time - - - mills, of dolInvestments total mills of dol
U.S. Government securities mills, of doL.Loans total .-_ mills, of do1
On securities in 11 Is. of dolAllother mills, of dol..
Interest rates call loans nercentInterest rates time loans Dercent
Exchange rates:French franc (dailv av.) centsPound sterling1 (daily av.) dollars..
Failures commercial numberGold and money:
Gold price (daily av.) dol. per ounce..Money in circulation mills, of dol._
Security markets:Bond sales (N.Y.S.E.) thous. of dol. par value..Bond prices, 40 corporate issues dollars..Stock sales (N.Y.8.E.) thous . of shares . _Stock prices (N. Y. Times) dol. per share. _Stock Drices (421) (Standard Statistics) 1926 = 100..
Indiistrial (351) 1926 = 100..Public utilities (37) _ . _ 1926 = 100.Railroad (33) - — 1926=100
PRODUCTION, CONSTRUCTION, ANDProduction: DISTRIBUTION
Automobiles (Cram's estimate). - _. ..number _Bituminous coal (daily av,) thous. of short tons._Eleotric powTer mills, of kw -hrPetroleum thous of bblSteel ingots (Dow-Jones estimate) ..pet. of capacity..
Construction-contract awards (da. av.)_.thous. of dol..Distribution:
Freight-car loadings, total cars..Coal and coke - carsForest products carsGrain and products . . . carsLivestock __ ... _ _ _ _ _ _ carsMerchandise, l.c.l carsOre ^a^'sMiscellaneous cars
Receipts:Cattle and calves _. .-.thousandsHog- thousandsCotton into sight thous. of bales..Wheat at primary markets thous. of bu._Wool at Boston, total. __ thous. of lb_ .
1934Aug. 25 , Aug. 18
0. 088 0. 088. 135 . 133
2. 34 2. 28
1.07
2,8542, 997
2, 4575
202,432
12,8184,5139,9116,6517,8143,2714,543
1.001.00
6.6845.082.18
35. CO5,361
7?, 18093.254,08181.17
69.979.165.737.0
52, 351
1,6482,465
20
1004, 529
472
1.06
3, 0353, 117
2, 4685
202,431
12, 8274, 5059,9076,6607,8253, 2944,531
1.001.00
8. 6745.09
197
35. 005, 357
64, 74092. 563,16978. 8367.576.664.134.5
53, 854962
1,6742,519
234,495
600, 56495, 79622, 54739, 57131, 482
159, 84828, 668
222, 652
63028166
4,8963,186
Aug. 11
0. 088. 138
2.23
1.09
2, 4932. 935
2,4585
212,432
12, 7214, 4919, 8506. 6367,8273,3044, 523
1.001.00
G. 6415. 07
209
35. 005, 349
99, 16092.944,58377.2765.974.463. 834.1
57, 539963
1, 6592, 506
26
602, 53095, 16423, 24241 15932, 097
158, 00029, 256
223, 612
35887
5, 1755, 118
1933Aug. 26
0.088.096
1.9330. 10
.86
2, 7532,740
2,258
1502,094
10, 3784, 5168, 1005. 1558, 5053, 7374, 738
1.001. 00
5. 4604.56326
28. 805, 607
47, 88087.79
11, 16589.79
78. 180.784.950,3
50, 0471,2921,6302,758
493, 170
631,998135, 99226, 64428 67718, 725
168, 50737, 366
216, 087
254403190
6,8152.663
Aug. 19
0. 038.093
1.9130. 02
.84
3, 4342, 957
2,240
1662, 059
10, 3634,5348, 1255, 1868 5833', 7954,788
1.001.15
5 2854. 46312
27.885, 622
47, 30087.958, 49585. 9872.175. 684.446.7
53, 9201,2661,6502,767
524, 326
643, 406135, 92127, 34923, 72717, 353
169, 36439, 511
225, 176
251406133
5,4527,543
Aug. 12
0.088.093
1.9530.02
.94
2, 4252,548
2,2208
1562,048
10, 4954, 5377, 9865.0378, 5383,7684,770
1.001.25
5. 3114.49349
28.015,623
52, 60088. 088, 72886.0575.879.289. 749.8
53, 8671,2291,6272,790
55
629, 743130, 74028, 21831.71415, 403
170, 17934, 927
218,. 562
225395120
4, 95719, 228
1932Aug. 27
0.052.087
1.7529.24
.47
2,6372,468
2,32135
4271, 851
10, 1484,5807,0724,2169, 3554.0105, 345
2. 001.50
3. 9203.46589
20.675,706
86, 79282.51
20, 95165.7657.755.191.334.7
19, 896887
1,4362,114
136,016
537, 76797, 56816, 60837, 97119,188
171,0767,210
188, 146
235328148
9, 1604,290
Aug. 20
0. 052.075
1.7529. 26
.47
2, 9712,746
2,34436
4431,851
10, 1024,5787, 0054,2229,4274, 0425, 3852.001.50
3. 9213.48648
20.675,725
65, 55380. 48
12, 99859.2252.350.483.527.8
19, 568825
1, 4322, 111
145, 081
518,44088, 22415,66238, 14617, 623
169, 6367, 231
181,918
222324129
8,83016, 796
1931Aug. 29
0. 073.072
2.1431. 04
.42
3, 4953,497
1,199181242728
1.501.75
3.9214.86436
20.675,013
51. 10892. 814,764
122. 8793. 987.2
153. 362.0
47, 7871, 2491,6381,752
3110, 296
763, 551139, 35628, 02640, 22024, 317
214, 59134, 927
282, 114
308393131
11,4987,934
Aug. 22
0.073.067
2.1931.04
.44
4,2733, 820
1,141155231728
1.501.63
3.9204.86
444
20.674,968
46, 58293. 076, 927
124. 3195.889.0
155.164.4
49, 9531, 1861, 6432,608
32
748, 600123, 26227, 23544, 74023, 041
214, 01035, 724
280, 588
28436382
11, 8603,409
1930Aug. 30
0.107.114
2.7832. 88
.83
4,9004,275
984163193602
2.003.25
3.9344.87471
20.674, 486
43, 54397. 018,843
200. 23149.5140. 4216.0122.8
66, 1451,5091,6882,461
5813, 668
984, 510177, 36242, 82459, 65824, 554
239, 52255, 748
385, 042
294375307
13, 49413, 651
§ Statistics covered 91 cities since Jan. 10, 1934, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reporting,Comparable figures not available prior to 1932.
22 SURVEY OF CURRENT BUSINESS September 1934
Monthly Business StatisticsThe 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 befound in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of thesources and basis of the figures quoted. Series so marked represent additions since the Annual was issued andsimilar information, if published, will be found in the places noted at the bottom of each page. Later data willbe found in the Weekly Supplement to the Survey.
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October N(berm"
Decem-ber January Febru-
ary
1934
March April May June
BUSINESS INDEXES
BUSINESS ACTIVITY ( Annalist) tCombined index 1 normal = 100..
Automobile production f normal =100..Boot and shoe production normal = 100 .Carloadings, freight normal = 100..Cement production normal=100__Cotton consumption normal = 100Electric power production normal = 100_.Lumber production normal = 100_ .Pig-iron production normal=100_.Silk consumption. normal = 100. .Steel in^ot production 1 __ -normal = 100Wool consumption normal = 100_.Zinc production normal = 100__
INDUSTRIAL PRODUCTION (F.R.B.)Total unadjusted 1923-25 = 100
Manufactures, unadjusted 1923-25= 100..Automobiles0 1923-25=100 .Cement 1923-25=100Food products 1923-25 =100Glass, plate 1923-25=100 .Iron a^ d «?teel° 1923-25=100Leather and shoes § 1923-25 = 100Lumber _ _ 1923-25 =100Paper and printing 1923-25=100..Petroleum refining _ _ _ _ 1923-25= 100. _Rubber tires and tubes 1923-25=100..Shipbuilding 1923-25 = 100. .Textiles 1923-25=100Tobacco manufactures 1923-25 = 100. .
Minerals unadjusted .. 1923-25=100Anthracite 1923-25=100..Bituminous coal 1923-25 — 100Iron ore shipments 1923-25 = 100..Lead 1923-25-100Petroleum crude 1903-2">— 100Silver 1923-25=100Zinc --- 1923-25 = 100
Total, adjusted 1923-25 = 100..Manufactures, adjusted 1923-25 = 100. _
Automobiles0 1923-25=100..Cement 1923-25 = 100..Food products 1923-25 = 100GHs*' plat*5 1923-25— '00Iron and steel0 1923-25 = 100..Leather and shoes § 1923-25 = 100,.Lumber 1923-25 = 100..Paper and printing 1923-25 = 100..Petroleum refining 1923-25 = 1 00. .Rubber tiros and tubes 1923-25 = 100. _Shipbuilding 1923-25 = 100..Textiles 1923-25 = 100..T obacco manufactures 1 923-25 = 100_ .
Minerals adjusted 1923-25-100Anthracite 1923-25=100Bituminous coal - ... - 1923-25 — 100Iron ore shipments 1923-25 = 100. .Lead 1923-25 = 100Petroleum crude 1923-25—^00Silver 1923-25=100 .Zinc 1923-25 = 100
INDUSTRIAL CONSUMPTION OFELECTRICAL ENERGY
Consumption by geographic sections:Total, United States... ..1923-25 = 100..
Middle Atlantic 1923-25 = 100..New England 1923-25— 1 00North Central 1923-25 = 100Southern - 1923-25-100Western 1923-25=100
Consumption by industries:Total, all industries 1923-25 — 100
Automobiles, including parts and acces-sories 1923-25 = 100..
Chemicals and allied products1923-25 = 100.
Food product s 1923-25 = 100. .Leather and nroducts . 1923-25=100Lumber and products 1923-25 = 100..
72.470.9
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t Revised series. For earlier data see p. 19 of the October 1933 issue. Business activity, Annalist. For 1933 revisions of the combined index and automobile and steelingot production indexes see p. 22 of the August 1934 issue.
° Revised. p Preliminary.§ Series revised. For earlier data see p 19 of the January 1934 issue.
a slight amount.0 Index of automobile and iron and steel revised for 1933. Automobiles, March unadjusted 33, April unadjusted 56, adjusted 43, May unadjusted 63, adjusted 50, and
June unadjusted 74, adjusted 65; iron and steel, January unadjusted 29, adjusted 30, February unadjusted 33, March unadjusted 25, adjusted 22, April unadjusted 39, andJune unadjusted 71, adjusted 71.
1 Discontinued by Electrical World.Revisions did not change the combined indexes except for a few months and in these instances by
September 1934 SUEVEY OF CUERENT BUSINESS 23
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April May June
BUSINESS INDEXES—Continued
INDUSTRIAL CONSUMPTION OFELECTRICAL ENERGY— Continued
Consumption by industries— Continued.Metals group .1923-25=100
Electrical apparatus 1923-25=100Metal- working plants 1923-25=100..Rolling mills and steel plants
1923-25=100-Paper and pulp 1923-25=100-Rubber and products 1923-25=100 _Shipbui1 ding 1923-25 = 100Store clay and glass 1923-25=100Textiles 1923-25=100-
MAKKETINGS
Agricultural products *(quantity).I923-25= 100—Animal products 1923-25 = 1 00 —
Dairy products 1923-25=100Livestock .1923-25=100 .Poultry and eggs 1923-25=100\Vool 1923-25=100-
Crops 1923-25=100-Cotton - - 1923-25=100-Fruits 1923-25=100-Grains 1923-25=100-Ve'^etables . 1923-25 = 100—
Agricultural products, cash income receivedfrom marketings of: *
Crops and livestock:Unadiusted 1924-29=100—\di ' isted 1924-29 = 100Crop-=! adjusted 1924-29=100—Livestock and Products, adjusted
1924-29=100-Dairv products, adjusted
1924-25=100-Meat animals, adjusted _ _ 1824-29= 100-Poultry and eggs, adjusted
1924-29 = 100-
STOCKS
Domestic ^toc1-^ 1923-25=100 .Manufactured goods 1923-25=100—
Chemicals and allied prod ... 1923-25=100-Food products 1923-25 = 100 .Forest products 1923-25=100Iron and" *teel products . 1923-25=100Leather 1923-25 = 100Metals rionferrous 1923-25=100Papcr newsprint 1923-25=100Rubber product^ 1923-25 = 100Stone, clay, and glass 1923-25=100-Textiles 1923-25=100-
Riw materials 1923-25=100Chemicals and allied prod. -.1923-25 =100..Foodstuffs 1923-25 = 100Metals 1923-25 = 100_.Textile materials 1923-25=100..
World stocks— foodstuffs and raw materials:Total 1923-25 = 100..
Coffee— adj. for seasonal 1923-25 = 100—Cotton — adj. for seasonal 1923-25 = 100—Rubber— adj. for seasonal 1923-25=100..Silk — r-di f°-r seasonal 1923-25=100Sv^rcir a"dj for seasonal 1923-25 — 100Tea— -adj. for seasonal 1923-25 = 100—TH — unadjusted 1923-25 = 100Wheat— adj. for seasonal 1923-25=100-
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COMMODITY PRICES
COST OF LIVING (N.I.C.B.)
TotF<l all grouns - 1923 = 100Clothing— 1923 = 100-Food 1923 = 100Fuel and light 1923=100Housm* - - - 1923 = 100Sundries 1923 = 100
FARM PRICES (Dept. of Agri.)§
Total all Croups - 1909-14=100Cotton and cottonseed 1909-14=100Dairy products * 1909-14=100Fruits and vegetable^ 1909-14—100Grains 1909-14= 100 ..Meat animals 1503-14=100..Poultry products * - - 1909-14 = 100Unclassified 1909-14= 100. _
79. 177.075.286. 464.792.5
809977
10392667361
75.263.971.782 663.290.3
768471
10394666751
76 970. 073.084 363.291.8
727172
12081636754
77 975.673.285 963 692.3
706976
10178627753
78 077. 773 487 063 291.4
707178866S639456
77 877.873 087 462 891.5
717678817459
10562
77 377.471 787 562 891.5
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78 677.874 185 764 292.4
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78 877.374 585 864 692.5
779476
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a Revised. l Discontinued by Electrical World* New series. See p. 18 of the March 1933 issue (marketings-quantities), p. 20 of May 1933 issue (prices), and pp. 16-19 of the May 1934 issue (cash income for marketings
of agricultural products).§ Data for Aug. 15: Total 87, cotton and cottonseed 107, dairy products 80, ts fruits and vegetables 100, grains 107, meat animals 63, poultry products 84, unclassified 76.f Preliminary.
24 SUKVEY OF CUKRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
ber
1934
Decem-ber January Febru-
ary March April May June
COMMODITY PRICES—Continued
RETAIL PRICESDepartment of Labor indexes:
Coal 1913=100-Food#— - 1913=100-
Fairchild's index:*Combined index Dec. 1930=100-
Apparel:Infants' wear. —Dec. 1930=100-Men's Dec. 1930=100-Women's Dec. 1930=100-
Home furnishings — - -Dec. 1930=100—Piece goods Dec. 1930=100-
WIIOLESALE PRICESDepartment of Labor index:
Combined index (784) 1928=100—Economic classes:
Finished products — - 1926=100—Raw materials 1926=100—Semimanufactures 1926 =100. .
Farm products 1926=100—Grains - - - -1926=100 -Livestock and poultry 1926=100—
Foods .1926=100—Dairy products - _- - .-1926=100 -Fruits and vegetables 1926=100.Meats - 1926=100
Other products 1926=100—Building materials,- -1926=100.,
Brick and tile 1926=100Cement 1925=100 -Lumber 1928=100-
Chemicals and drugs.. 1926=100—Chemicals . — 1926=100Drugs and pharmaceuticals.l926=lGO._Fertilizer materials 1926=100-
Fuel and lighting 1926=100—Electricity 1926=100-Qas 1926=100-Petroleum products 1926= 100—
Hides and leather . 1926=100Boots and shoes.. 1926=100Hides and skins 1926=100 -Leather — 1926—100
House furnishing goods. 1926=100—Furniture 1926=100—Furnishings 1926= 100—
Metals and metal products... 1926=100—Iron and steel 1926=* 100—Metals, nonferrous 1928= 100 ..Plumbing and heating equip-
ment 1026=100-Textile products 1926=100—
Clothing ._ 1926=100Cotton goods..- 1926=100..Knit goods . 1926=100Silk and rayon.. 1926=100..Woolens and worsted 1926=100—
Miscellaneous 1926=100..Auto tires and tubes 1926=100—Paper and pulp 1926-100
Other wholesale price indexes:Bradstreet's (96).. - 1926=100Dun's (300) , 1926 = 100..
World prices, foodstuffs and raw materials:*Combined index 1923-25 =100..
Coflee 1923-25=100-Copper 1923-25=100Cotton 1923-25 = 100—Rubber 1923-25 = 100-Silk 1923-25*100—Sugar _ — 1923-25=100Tea 1923-25 = 100..Tin 1923-25 = 100-Wheat , 1923-25=100-.
Wholesale prices, actual. (See under respec-tive commodities.)
PURCHASING POWER OF THEDOLLAR *
Wholesale prices ._ 1923-25 = 100—Retail food prices-. 1923-25=100..Farm prices -1923-25=100.,Cost of living 1923-25=100..
159110
87.9
93.988.390.488.284.8
74.8
78 268 372.764.574 848 870.674 868 263 478.487 091 393 985.375 478 573.067.673.9
5L386 398 066.675 181.678.584.886.886.768.8
75.071.581.985.159 524.580.769.944.682.4
72. 189.0
47.053.963 547.434.215.941.666.4
103.348.4
134.6136.2172.4128.7
155105
76.1
80.775.178.277.874.8
68.9
72.261.869.160.173.447.465.566.175.650.872.279.578.288.275.973.280.356.868.665.389.4
100.241.386.388.388.778.074.874.675.180.677.767.6
69.468.070.680.255 237.972.364.041.478.1
69 782.8
42.845.562 539.718.831.838 452.192.350.3
146.2142.9181.5135. 3
160107
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85.480.485.781.780.2
69.5
73.460.671.757.664.645.964.865.771.151.074.181.381.590.379.473.179.657.669.065.588.899.540.991.796.191.582.577.676.878.681.278.668.2
70.374.674 493.569 434.678.965.443.281 0
69 685.0
39.745.063 435.317.126.336 963.289.042.8
144.9140.4191.6132.5
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91.282.989.383.781.8
70.8
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101.549.692 398.984.185 479.378.480.582.180.368.5
74.776.981 191.374 834.582.765.143.2go 2
70 086.2
41.545.063 335.717.026.439 977.192.846.3
142.2140.1197.2130.7
167107
87.1
91.385.690.585.082.8
71.2
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100.552.789 098.971.283 281.279.882.883.082.467.0
74.777.184 888.874 732.084.565.343.282 *
68 585.1
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141.4139.7197.2130.5
168107
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90.586.290.585.984.8
71.1
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73.776.888 086.070 530.484.465.543.2go 5
68 284.6
39.344.557 036.820.320.530 473.7
105.643.4
141.6140.4194.6130.9
167104
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90.486.290.385.882.8
70.8
74.861.972.355.560.438.062.565. 163.046 077.585.685 791 288.073.779 259.068.173.494.092.251.689 298 674 980 181.079.382.983.583.666.6
72.576.487 985.571 9
29.684.365.743. 282 5
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39.346.557 037.520.819.830 275.2
105.241.6
142.21411202.8131.8
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91.086.589.586.584.2
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72.576.587 586.570 629.784.367.543.283 0
69 787.2
41.250.457 041.521.820.329 978.4
103.244.1
139.5142.5197.2131.4
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93.288.490.287.585.6
73.6
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72.776.987 288.667 031.084.368.543.582 7
71 787.5
43.257.356 345.224.521.733 278.2
102.742.1
136.8138.3181.5130.0
168109
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93.688.991.288 785.9
73.7
77 265 974.361.362 34° 567.368 971 656 578.586 488 593 986.475 779 071.969.571.488.589.4.48.788 798 573.479 781.479.883.287.186,366.3
72.776.587.289.165 629.484.069.344.682.7
71.086.6
42.457.856 345.225.819.627.776.3
106.942.6
136. 6138.1181.5129.7
164107
89.4
93.987.991.48^ 285.5
73.3
7*7 J
6-5 173.959.65^ 849 266.266 567 957' 378.686 790 7529 787.275 578 672.268.771.788.392.249.488 998 576 778 481.679.983.587.987.368.0
76.275.385 788.264 228.482.069.541683.6
70 985.5
40.955.959 143.828.318.419.576.8
110.643.2
137.4139.5186.6129.9
156108
88.6
93.988.191.088 485.5
73.7
77 865 173.759.663 947 867.167 168 260 078.987 391 289 485.975 478 672.866.472.588.994.650.787 998 573 576 382.080.184.189.190.268.1
75.073.682 786.365 326.581.069.844.683.7
70.786.9
40.355.959.941.931.017.919.574.3
106.542.4
136. 6138.5186.6129.5
157109
8872
93.887.790.888 185.5
74. 6
-7g 2
67 372'. 963.372 448 369.873 070 1g9 2
78.287 891 193 986.375 678 673.167.972.890.697,550.687 198 470 175 382.079.085.187. 788.668.5
75.172.782 686.062 825.080.870.244.683.5
71.588.6
43.655.962. 145.231.616.832.969.0
101.942.7
135.0137.4179.2129.2
CONSTRUCTION AND HEAL ESTATE
CONSTRUCTION CONTRACTS !AWARDED
Contracts awarded, F.R.B.:Total, unadjusted 1923-25=100..
Residential ._ 1923-25=100—Total, adjusted 1923-25=100—
Residential 1923-25=100..
25132413
30123012
35123712
42124813
46115813
40104912
38104412
33123311
36143212
32132611
« 3113
«2612
fl Revised.* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: Fairchild's Index, p. 19, December 1932; World Prices,
p. 20, September 1932; Purchasing Power of the Dollar, p. 18, August 1933.# The data on retail prices of food until Aug. 15 were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly
figures here given subsequent to August 1933 represent the figure nearest to the 15th of the month.
September 1934 SURVEY OF CURRENT BUSINESS 25
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April May June
CONSTRUCTION AND REAL, ESTATE—Continued
CONSTRUCTION CONTRACTSAWARDED— Continued
F. W. Dodge Corporation (37 States):Total, all types:
Projects _- _ numberValuation _thous. of dol
Nonresidential buildings:!Projects numberFloor space thous of sq ftValuation __ . _ tbous. of dol
Public utilities:??Projects number--Valuation thous. of dol
Public works :#Projects . .numberValuation thous. of dol..
Residential buildings:Projects numberFloor space thous. of sq. f t __Valuation thous. of dol
Engineering construction :1Total contracts awarded (E.N.R.)
thous. of dol_.
HIGHWAY CONSTRUCTIONConcrete pavement contract awards:
Total thous of sq ydRoads only. _.. .thous. of sq. yd
Highways:Approved for construction (N.I.R.A.):*
Mileage number..Public works funds allotted-.thous. of dol..
Under construction (N.I.R.A,):*Estimate'1, total cost thous. of dol__Public works funds allotted-.thous. of dol..Federal aid funds allotted... thous of dol. .Mileage . . number
CONSTRUCTION COSTSBuilding costs — all types (American Appraisal
Co.)* .- 1913 = 100Building costs— all tvpos (A.O.C.).. 1913 -100..Building costs— all types (E.N.R.) §.1913 = 100..Building costs — factory (Abcrthaw) 1914 — 100
MISCELLANEOUS DATAConstruction — employment and wages:
Employment, Ohio. (See Employment.)Wages, road building. (See Employment.)
Fire losses, United States thous. of dol..Ship construction. (See Trans. Equipment.)Real estate:
Home Loan Bank, loans outstanding *thous. of dol._
Market activity each month 1926=100New financing. (See Finance.)
7, 182119, 699
2, 9058,275
60, 753
1997,901
1,05131, 166
3,0274,795
19, 879
118,000
2,9492, 093
1,22522, 481
267, 509246, 394
8, 42112 524
182199.7
85, 723
8,22882, 554
2,8016, 920
39, 983
1604,132
91014, 809
4, 3577,383
23, 630
50, 368
1, 428879
8,186105, 989
2,7776, 337
32, 708
15719, 395
1, 25132, 003
4,0016,369
21, 884
74, 063
5, 6505,300
.::._::..
148162
165. 5
20, 004
53, 74541. 5
150J65
167.0
23, 627
59, 80047.4
7,594120, 134
2,3026,470
37, 836
1733,425
1,59157, 324
3, 5286,296
21, 549
106, 677
5,7644,826
4,64872, 778
34, 96232, 893
1, 0632, 305
151166
175.5173
20, 448
66, 32942.2
7,476145, 367
2,3878,330
31,117
2106,995
1,71885, 729
3,1616,868
21, 526
141, 622
7,9706,409
5,14774, 731
92, 21585, 9893, 1775,910
151166
187.7
6, 232162, 341
2,0725, 053
27, 645
2156,938
1,445104, 141
2,5006,433
23, 616
147, 446
5, 5424,171
4.74876, 619
134, 491124, 652
5,0718, 813
152167
190.1
21, 465 22, 454
73,110 80,69945, 8 | 54. 1
7,677207, 210
3,1895, 185
50, 040
32234, 043
2,44699, 227
1,7205,890
23, 900
102, 563
5, 9184,107
5,60793, 439
159, 575147, 264
5,56110, 504
153168
192.1175
27, 626
88, 44253.8
7,729186, 464
3, 4195,470
57, 616
35810, 596
2,222103, 141
1,7303,943
15, 110
101, 581
3,9212,131
4, 49180, 795
197, 088180, 944
7,04212, 084
153168
191.3
28, 003
92, 49751.5
5,50796, 716
2, 2564, 271
29, 015
1856,443
1,10146, 739
1,9653,634
14, 520
79, 261
3,5862, 356
4,33380, 456
216, 291198, 759
7,57412, 827
154169
194.0
31, 443
94, 04046. 3
7,927178, 346
2, 9597,673
57, 329
24521, 003
1,76171, 937
2,9628,046
28, 076
122, 204
3,3532,143
4,26777, 283
239, 974221, 169
7,95513, 062
156172
194.0176
31,312
93, 12546.3
8,114131, 225
3,1417,991
38, 737
19312, 372
1,18457, 535
3, 5965,985
22, 686
101,192
2,4591, 463
3,27962, 216
269, 229248, 942
8, 43514,111
157180
195.9
22, 029
88, 92245.2
9, 153134, 439
3,2108, 093
52, 797
2055,599
1,53751, 202
4,2016,159
24, 840
116,743
3, 7522,200
2, 40543, 297
288, 460267, 371
8, 91414,311
158J80
199. 6
25, 271
86, 84245.7
8,368«127, 116
3,0617,147
43, 142
23213, C69
1,34444, 340
3,7317,504
° 26, 565
109, 993
2, 6281, 572
1,71831, 149
283, 506263, 042
8, 63413, 674
158180
199. 6177
20, 006
86, 24847.9
DOMESTIC TRADE
ADVERTISINGRadio broadcasting:
Cost of facilities, total _ thous. of dolAutomotive thous. of dol__Building materials thous. of doL.Clothing and dry goods thous. of dol..Confectionery thous. of dol._Drugs and toilet goods thous. of doL.Financial _. _ .. thous. of dolFoods .-thous. of dol..House furnishings thous. of dol..Machinery thous. of doi._Paints and hardware thous. of dol._Petroleum products thous. of doL.Radios thous. of doL_Shoes and leather goods thous. of doL.Soaps and housekeepers' supplies
thous. of dol._Sporting goods ..thous. of dolStationery and publishers thous. of dol..Tobacco manufactures .thous. of doL.Miscellaneous thous. of dol
Magazine advertising:Cost, total thous. of dol
Automotive thous. of dol..Building materials thous. of doL.Clothing and dry goods thous. of doL.Confectionery thous. of doL.Drugs and toilet goods. thous. of dol..Financial thous. of dol._
2 495188
02768
92136
6881205
188340
1410
279365
9,2001, 386
171281178
1,884222
1, 816128
09
38«413°50
«5672309
«250«47
0
"6404
16253
6,29568895
138159
1,381184
1,907234
05
3935789
5713807
238460
7000
18727
«5. 825o?91
«97«78
"176«1, 385
167
2,103209
62480
49995
65500
15243600
9200
11310
6,388760120191275
1,458153
3,2562613046
188910
641,080
110
19311580
9202
13447
9,148935227357300
1,969226
3, 466273
2643
177978
601,132
129
19307580
950
2418569
9,403739218304295
2,335240
3,697289
1743
1681,048
611,091
541511
258540
1150
2338167
8,319574173245302
2,056196
3,793268
1518
1621,196
65997551220
259470
1450
1343784
6,28348697
178100
1,332179
3,585338
430
1421,089
57945
363
21245390
1420
1339289
8,2091,136
13918786
1,894192
3,998348
036
1191,222
641,061
780
22267450
1900
18416112
9,232982183298142
2,193220
3,740338
740
1091,168
63999
460
24241450
1900
31326114
11, 6931, 543
293413168
2,431250
3,728371323078
1,16856
974500
20243360
2160
35310110
11, 5861, 665
267393165
2,170266
3, 104309
262280
1,02237
829120
13202330
1780
48187107
10, 8221, 639
191326178
2, 119241
0 Revised.* New series. For earlier data 9n building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N.I.R.A. highway work started in September 1933.
First Home Loan Bank data were issued for December 1932.t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.1 Months of August and November 1933, March and May 1934 include 5 weeks; other months include 4 weeks.§ Index as of August 1, 1934, 198.4.
81294—34 4
26 SUEVEY OF CURRENT BUSINESS September 1034
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Segjm- October Novem-ber
Decem-ber January Febru-
ary
1934
March April May June
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Magazine advertising — Continued.Cost, total— Continued.
Foods thous. of dol._Garden thous. of dol..House furnishings thous. of dol..Jewelry and silverware thous. of dol_.Machinory - -thous. of dol. _Office equipment. .-thous. of dol_.Paints and hardware.. thous. of dol__Petroleum products thous of dolRadios. -thous. of dol..Schools . . _ .thous. of dol _Shoes and leather goods thous. of dol._Soaps and housekeepers' supplies
thous. of dol. .Sporting goods thous. of dol_.Stationery and books.. _ thous. of dol_.Tobacco manufactures thous. of dol_.Travel and amusement thous. of dol..Miscellaneous . -thous. of dol._
Lineage, total t thous. of lines..Newspaper advertising:
Lineage, total (22 cities) thous. of lines. .Lineage, total (52 cities) thous. of lines..
Classified .thous. of lines..Display thous. of lines. .
Automotive thous. of lines..Financial thous. of lines..General thous. of lines..Retail thous. of lines. _
GOODS IN WAREHOUSES
Space occupied, public merchandising ware-houses -- percent of total..
NEW INCORPORATIONS
Business incorporations (4 States) _ _ .number..
POSTAL BUSINESS
Air mail, weight dispatched pounds..Money orders:
Domestic, issued (50 cities) :Number thousands. _Value . thous. of doL.
Domestic, paid (50 cities):Number _ .thousands __Value thous. of dol_.
Foreign, issued — value thous. of dol..Receipts, postal:
50 selected cities thous. of dol_.50 industrial cities thous. of dol. _
RETAIL TRADE
Automobiles:*New passenger car sales:
Unadjusted 1929-31-100..Adjusted 1929-31 = 100
Chain store sales:Chain Store Age index:*
Combined index (19 companies)!av. same month 1929-31 = 100. .
Apparel index (3 companies) fav. same month 1929-31 = 100. .
Grocery (6 companies)av. same month 1929-31 = 100. .
Five-and-ten (variety) stores:*Unadjusted. 1929-31 = 100Adjusted 1929-31=100H. L. Green Co., Inc.:*
Sales thous. of dolStores operated .number
S. S. Kresge Co.:Sales _ _.thous. of dolStores operated number. .
S. H. Kress & Co.:Sales thous of dolStores operated number..
McCrory Stores Corp.:Sales thous. of dolStores operated number
G. C. Murphy Co.:Sales thous of dolStores operated number..
F. W. Wool worth Co.:Sales thous. of dolStores operated number
Grocery chains:A. & P. Tea Co.:
Sales, value total thous. of dol..Weekly average thous. of dol..
Sales, tonnage, total (estimated).. .tons. .Weekly average tons..
1,60731
35186328188
28898
132106
651223117454257472
(2)83, 18316 47566 709
7 0761,718
15, 27942 636
2, 048
73. 1I 66 5
88
79 789 5
1 840131
9 472724
5 336! 227
2 365200
2 076181
19 515l' 949
(2)(2)(2)(2)
1,34110
19947232538
23658
12085
51514098
322229162
1, 272
49, 36478, 31916, 06462, 255
6, 1392,396
14, 27239, 448
62.3
2,402
644, 172
3,08130, 957
8,86381, 7592,109
57.552. 5
86
79
83
74 483 6
1,857135
9,407719
4 929231
2 546227
1 804179
19 5831 937
63, 44515, 861
382, 75195, 688
* 1,0165
« 128 !"25 i
24132
320101 !
o 135 (13
0 438 !« 127
« 9 2« 361 !
« 126a 2041, 184
53, 71086, 33918 15868, IS!6 7971,392
15, 19844 794
62 7
2, 392
690, 177
3 07830 894
9,59887, 2812,072
58.352 0
84
91
80
76 786 7
1 782135
9 921719
5 417231
2 619225
1 803179
20 3571 936
76, 00515, 201
458, 60691, 721
1, 15510
27036141853
22585
14358
51776
123337131178
1,407
62, 32792, 61817,28775,3315 4081.259
16, 33752 326
63 5
3, 839
643, 621
3 05730 959
9 42687, 5712,619
51.252 0
85
84
81
82 586 4
1 994135
10 635720
5 406230
2 800210
1 912179
21 6421 937
60, 66115, 165
357, 63889, 410
1, 68515
6631272576
117202103116140
64581
237453220228
1,870
70, 271105, 970
19, 46786, 503
4 6«31,497
20, 07160, 252
G4 2
2,304
665, 458
3 33833, 146
11, 106102, 877
1,998
42.753 5
84
88
80
86 985 6
2 082135
10 848720
5 771230
2 867209
1 994179
22 0351 942
63, 85615, 964
376, 06994, 017
1,958
594160297082
168273105134
58246
202399246218
1, 899
06, 35799, 82316, 19983, (.24
5 5651, 500
18, 76957 791
65.2
2, 384
631, 748
3 25032, 232
11, 17398, 630
2, 279
33.053 0
83
82
79
86 885 5
2 106133
10 465721
5 586'230
2 837209
1 976180
20 9961 942
77, 63115, 526
460, 52592, 105
1,7778 i
367176
29 •8332
19023884
106
371 i102325370291224
1, 791
63,962 •96,716 ;15 54881, 168
o 9361. 506
12. 27563 451
67 4
2, 525
657, 203
4 01335, 487
12 11898, 5515,110
17.330 5
88
88
83
153 783 3
4 071' 134
19 732i 721
11 441' 230
5 6r-4209
3 591180
36 9961 936
64, 47916, 120
386, 94790, 737
1,17350
22911923
11017
16723512454
33693
166421283312
1, 375
55, 46282, 45515, 04567, 409
5, 9312, 159
13,97745, 3 *3
67.6
2,864
3 61134, 551
11, 28289, 7612,030
22.833 5
89
93
80
70 294 2
1 619132
8 825721
5 107231
2 402' 209
1 555179
18 1371 937
59, 92314,981
356, 51489, 129
1,78576
34834328345
11965
11039
58355
161439281319
1, 765
(2)80, 78813,66167, 125
4 3581, 643
16, 74544 381
67 2
2, 106
3 41931 743
10 05679, 192
2,OOG
45. 754 5
85
90
79
73 087 5
1 525132
8 797722
5 083! 231
2 497' 205
1 5°>4180
17 8601 937
64, 27216, 068
377, 78294, 446
1,91659
53533279191
14511510162
57672
187449343414
2,013
(2)103, 648
10 57787 071
6 1792,010
19, 38459 498
67 4
2, 507
3 82230 183
11 99994, 1763,047
68.464 5
88
100
i 81
! 87 2i 94 g
2 377133
i 12 321723
6 331230
3 257' 204
2 240ISO
24 0^51 940
81,29210, 258
477, R2595, 565
1,96975
86710940
110163258108113198
717114198523459574
2, 469
(2)107, 491
17, 808X9, 6338 1801, 808
20, 13359 512
65 9
2, 393
3 51934 225
10 47685,219
2, 118
87.959 0
86
103
78
82 5i 87 2
1 903' 133
10 146i 724
5 732230
2 589
204
2 060180
; }0 7gg
1 944
62, 46415,616
364,467i 91,117
1,71161
1,03919045
102203228100128213100711184149425521652
2 501
(2)112,122
17 93294 H)0
q 9061,481
21, 79861 616
66 0
2, 320
3 55334* 097
11 25789 6X4
2 219
78. 155 5
85
98
78
90 090 0
9 218I 132
11 680723
6 0961 230
2 74 ri204
*> 367181
22 005l' 946
(2)(2)(2)(2)
1,56841
7X0236
V)
9913530385
13322285
643223137486418580
C2)103, 646
18 68984 957
9 '"031,528
19, f>31~d 395
65 4
2, 185
3 45233 896
10 95388* 0X8
0 84. 663 5
91
86 390 8
2 2X7131
11 523' 724
"' 229
0 090
202
o 4(jfi181
99 ooo1 'J49
(2)(2)(2)(2)
a Revised. 2 Discontinued.* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not
available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety store sales p. 18 of the March 1934 issue.t Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Magazine advertising, p. 20, October 1933; combined sales index and apparei
sales index of Chain Store Age, p. 26, October 1933.
September 1934: SURVEY OF CURRENT BUSINESS 27
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October jNo
b™m- Decem-ber
1934
January Febru-ary March April May June
DOMESTIC TRADE— Continued
RETAIL TRADE— Continued
Restaurant chains (3 companies) :Sales thous of dolStores operated number
Other chains:W. T. Grant & Co.:
Sales... thous. of dol—Stores operated number..
J. C. Penney Co.:Sales . . thous. of dol—Stores operated number..
Department stores:Sales, total value, adjusted 1923-25=100..Sales, total value, unadjusted_.1923-25 = 100._
Atlanta . — 1923-25 = 100 .Boston 1923-25=100Chicago 1923-25=100Cleveland 1923-25 = 100Dallas 1923-25-100Kansas Citv - - 1923-25=100 .Minneapolis 1923-25=100New York 1923-25 = 1 00Philadelphia * 1923-25=100..Richmond 1923-25 = 100St. Louis 1923-25=100..San Francisco 1923-25=100
Installment sales, New England dept. stores,ratio to total sales percent--
Stocks, value, end of month:Unadjusted 1923-25-100Adjusted 1923-25 = 100
Mail-order and store sales:Total sales, 2 companies thous. of dol..
Montgomery Ward & Co.. -thous. of dol—Sears, Roebuck & Co. thous. of dol__
5,743458
13, 9671,465
a 73« 51
554553465047r)041594361
7.6
6064
37, 38715,89121, 496
3 045373
<• 5, 771454
« 13, 5581,478
704946464»454444404939514267
7.9
5660
« 33, 592a 13, 641
19,951
3 298376
5, 752454
14, 2041,477
7759655765616061566150665776
12.7
6264
40, 32715, 65724, 670
3 218375
6,423454
16, 2881,471
7073677375646768707860796373
9.8
7370
43,21916, 60028, 619
3 444375
7,113454
18, 6431,468
7077797676668174589373947072
9.3
7770
53, 55023, 01730, 533
3 141375
6,900456
19,2161,468
6575717469617567548966877069
7.0
7869
52, 03720, 74231, 295
3 568374
12, 451457
25, 8241,467
6912111711411410312011393
140105147106131
4.2
6265
61,97125, 02236, 949
3 472374
4,833457
12, 4441,466
6957576160525652466349615363
7.4
5966
36, 70514, 73421,971
3 146373
4,550457
11,7451,466
7159644661516154435843575259
9.4
6366
36, 01615, 42220, 594
3 678373
6,774457
16, 4971,467
7773837375738475738569927182
6.6
6765
43, 59218,31225, 280
3 541372
5,950457
15,4771,465
7773746476707270657758816769
6.5
6865
46, 03720, 87225, 165
7,180457
17, 0861,467
7777827180787974678167977574
7.5
66
51,07220, 93530, 137
7, 361458
16, 7971,465
7470
a 7170
« 73696763
a 588065906267
6.1
6365
46, 33019, 26627, 064
EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT
Factory, unadjusted (B.L.S.)*—1923-25Chemicals and products 1923-25
Chemicals... 1923-25Druggists' preparations. 1923-25Paints and varnishes 1923-25Petroleum refiningRayon and products 1923-25
Food and productsBaking....Beverages 1923-25Slaughtering, meat packing..1923-25
Iron and steel and products 1923-25Blast furnaces and steel works.1923-25S tructural and metal work.. _ 1923-25Tin cans, etc 1923-25
Leather and products 1923-25Boots and shoes ..1923-25Leather 1923-25
Lumber and products 1923-25Furniture 1923-25Millwork 1923-25Sawmills .1923-25Turpentine and rosin .1923-25
Machinery 1923-25Agricultural implements 1923-25Electrical machinery, etc 1923-25Foundry and machine shop products
1923-25Radios and phonographs 1923-25
Metals, nonferrous 1923-25Aluminum manufactures 1923-25Brass, bronze, copper prod...1923-25Stamped and enamel ware...1923-25
Paper and printing 1923-25Paper and pulp 1923-25
Railroad repair shops 1923-25Electric railroad 1923-25Steam railroad 1923-25
Rubber products ...1923-25Rubber tires and tubes 1923-25
Stone, clay, and glass prBrick, tile, and terra cCementGlass
Textiles and products...Fabrics _..1923-25Wearing apparel 1923-25
Tobacco manufactures 1923-25Transportation equipment 1923-25
Automobiles 1923-25Cars, electric and steam 1923-25
r..1923-25 = 100-..1923-25 = 100..1923-25=100
..1923-25 = 100-.1923-25=100..1923-25 = 100—.1923-25=100-1923-25=100 _1923-25-1001923-25 = 100
_ .1923-25 = 100-._ 1923-25 = 1 00—8.1923-25 = 100...1923-25=100..1923-25-1001923-25-1001923-25 = 100
..1923-25 = 100..1923-25=100
. 1923-25=100-.1923-25 = 1001923-25 = 100.1923-25 = 100-1923-25=100.1923-25 = 100...1923-25 = 100..products1923-25 = 100—.1923-25 = 100-.1923-25 = 100—.1923-25 = 100... .1923-25= 100. _..1923-25=100.._ 1923-25 = 100 .1923-25=1001923-25 = 1001923-25-1001923-25 = 1001923-25=100
_ 1923-25 = 100-sl923-25 = 100_..1923-25 = 100...1923-25 = 100..1923-25=100.1923-25=1001923-25=1001993-25-100.1923-25 = 100 ..1923-25 = 100...1923-25 = 100..1923-25=100-1923-25 = 100
1923-25 = 100.1923-25=100-.1923-25=100—.1923-25 = 100.._ 1923-25 =100. _1923-25=100.1923-25 = 100-
78.6105.3112.393.8101.1111.7296.8110.1116 3188.9103.570.372.459.099 689 489.091.548.862.037.033.897.378.669. 365.1
69.5205.073.268.975.090.393.4104.858.366 357. 783.977.454.231.758.489. 185.986.979 861.187.898. 451.369.2
79.4109. 5115. 199.0101.3109 3296. 8
71.592.387.986.492.096.9281.494.599 5166 685.261.862.145.581 889 590 386.346 662.438 730.883.558. 140.151.4
52.9138.061.772.369.180.084.189.951 765 250.777 473.249.333.350.272.095.496 788 360.358.365.924.752.3
72.596.590.191.292.294 8281.4
76.499.196.888.793.598.9316.1105.4102 7162.794.268.469.849.389 892 993 292.250.468.739 833.689.464.543.555.0
59.4158.769.280.376.289.388.797.651 264 753. 386 678.052.835.653.177.897.899.390 362 261.668.729.457.5
76.4103.0100.390.596.197. 1316.1
80.0106.0101.295.194.1104.9330.3120.9108 9161. 1102.271.471.853.992 390 790.392.554 377.239 935.697.669.848.258.4
62.4195.974.384.578.392.492.7103. 155 165 154 388 876.352.934.848.080.498.297 695 661.764.371.628.564.2
78.0105.5101.793.195.2103 0330.3
79.6109.1103.299.894.0108.8331.3115 9110 1150 6101.569.870.254.685 088 988'391.455 278.538 736 2103 973 052.460.6
63.6238.275.683.277.593.394.5104 155 065 854 188 774.751.631.841.481 197.796 795 864.659.164.227.966 1
77 8106. 9102.195. 493.7109 0331.3
76.2108.4104.0101.991.1110.0332.0104.8109 1136.398.967.967.953.383 979 177 087.852 372.437 234.7101.173 356.160.3
62.5248.372.681.774.879.894.2102.254 866 653 986 772.550.329.241.282 292.993 587 766.053.556.628.563 5
75.9106.6101.998.491.8111 1332.0
74.4107.6103.5103.090.1111.2322. 099.2107 7140.598.066.667.052.786 478 775 890.849 865.936 333.3107.771.861.259.4
61.4219.469.880.972.178.294.5101. 153 566 752 583 971.849.027.136.682 988.089 780 462.161.166. 131.867.3
75 0106.6101.4101.491.6112 6322.0
73.3107.9104.8101.993.9110.3319.494.1106 4140.596.563.565.051.679 182 980 891.445 660.033 330.797.870 065.857.8
61.2181.767.378.070.972.792.4100.352.865 951.882 071.547.324.735.683.888.289.481 454.571.280.331.664.4
75.1107.7103.499.796.1112 4319.4
77.7110.6104.8102.497.6110.6325.293.9108.4141.595.566.667.352.879 690 389 693.647.162.436.131.398.672.975.659.2
64.1177.570.979.672.779.893.1102.553.465 852.584 674.649.825.641.089 596.896.493 462.184.797.438.566.0
78.4109.6103.1101.497.7112 1325.2
80.8112.8107 7103.198.4110.2321.996 2110 3147 792.870.070.153.985 492 792 295 148 563 037 632 6101.476 875.961.8
68.3187.675.181.578.187.593.7104 455 566 354 787 178.152.126.942.493 9100.098 499 464.493.4108.440.869 3
81 0110. 9106.5100. 997.7111 3321.9
82.3113.3110.8100.6102.6107.8319.097.2111 2156 692.472.672. 956^088 292 392 293.249 460.839 434.3101.280.387.263.7
71.6200.276.982.279.194.095.1106.857 866 357.290 082.155.330.548.095.999.196 8100 064.799.1114.943.971.7
82 2109.4110.1102.4102.2107 8319. 0
82.4106.1111.297.7107.4109.5267.799.6113 2169. 196.775.276.858.591 291 491.392.151.061.340.436. 1102.481.383.065.4
73.6201. 277.878.181.295.695.9107.259 666 759 189 182.757.733.157.695 196. 194 994 761.399.4114.448.573 1
82 4107.9113.1101.3103.6109 7267. 7
81.0104.5111 796.9106.1111.4273.8105 1114 6183 0101.476.479.159.796 787 786 891 550 062 437 935 198.680 873.366.2
73.1206. 075.976.078.293.094.7106 059 866 759 385 681.757.134.459.193 6«90 9°89 989 362 4°95. 1°106 853.976 6
81 4108.9113.9101.4102.2110 4273 8
Factory adjusted * 1923-25=Chemicals and products ..1923-25=
Chemicals 1923-25=Druggist preparations,Paints and varnishesPetroleum refiningRayon and products..a Revised.* New series. For earlier data see p. 20 of the December 1932 issue, department store sales, Philadelphia, pp. 16 to 20, inclusive, of June 1934, and pp. 16 and 19 of July
1934, factory employment,
28 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1931 1933 1931
Febru- 1ary
EMPLOYMENT CONDITIONS AND WAGES- Continued
July j July [August Se^>ctoberjN^-|D^-|january|F^u- | March_[_April j May | June
107.8112.695.169.168.655.288.190. 590.092.949.864.138.133.778.470.961.8
67.4250.873.776.084.393.4
104.455.866.355.089.079.753.129.245.393.197.396.594.964.989.6
103.741.165.7
79.664.284.5
107.780.674.778.487.9
95.869.1
105. 574.186.780.172.289.676.179.3
67.577.839.872.842.0
71.7 ',81.770.0
87.2 ;83.6 i
104. 0113.095.471.571.456.787.893.093.193.050.063.039.234.581.582.363.7
70.4253.776.077.791.495. 5
100. 857. 466.356.890.480.754.730.348.294.497.896.197.365.793. 8
108.840.667.3
84.665.188.5
112.781.674.778.877.6
96.170.4
108. 974.890.379.973.291.977.179.6
58.2
41.'774.048.7
72.282.470.2
106.4113.297.974.375.758.990.394.094.293.451.364.539.935.682.080.565.4
72.4239.478.280.794.396.5
107.259.266.758.787.578.956.231.355. 993.496.094.894.861.691.0
104.144.270.9
84.566.987.5
100.586.273.377.6
95.572.1
111.073.589.481.672.193.877.084.1
63.876.740.876.754.3
72.683.170.2
EMPLOYMENT—Continued |Factory adjusted—Continued. I |
Food and products 1923-25=100.. 1ftfi R 92.0 i 97.4 103.2 104.6 102.3 101.7 104.0 104.3Baking. 1923-25 = 100.. |V:' £ 98.0| 102.4 107.0 108.4 107.4 107.7 108.7 110.8Slaughtering, meat packing..1923-25=100._ 7/£ ? 85.71 96.1 103.2 100.7 97.9 93.9 9 3 . 7 ] 93.9
Iron and steel and products.—1923-25=100- 7?': 62.8 68.7 70.9 69.4 68.1 67.6 64 .9 ! 66.4Blast furnaces and steel works 1923-25=100.. 704 63.0 70.4 71.9 70.7 68.7 68.1 65.5, 66.6Structural and metal work... 1923-25=100.. '£ o 44.6 48.1 52.4 53.4 53.2 53.1 53.0 | 54.3Tin cans, etc 1923-25=100.. q l 'o 78.7 83.8 87.1 85.2 87.7 89.8 84 .51 83.2
Leather and products 1923-25=100... oo 'X 88.9 89.7 87.3 86.7 80.9 82.4 83.6 i 88.4Boots and shoes 1923-25 = 100.. 0 7 7 89.0 88.8 8(3.0 85.6 79.4 80.6 82.1 87.8Leather 1923-25 = 100.. n/ 88.8 93.6 92.4 91.4 87.2 90.4 89.8 91.2
Lumber and products 1923-25=100.. '£ i 46.7 49.8 52.9 53.1 50.9 49.9 47.2 48.4Furniture 1923-25 = 100.. T4 q 65.3 68.6 74.8 72.2 67.3 63.8 62.2 63.0Millwork 1923-25 = 100.. o « y 38.4 39.2 39.5 38.4 37.2 36.9 34.3 36.6Sawmills 1923-25=100.. oo' j 30.1 32.7 34.5 35.6 34.4 34.0 32.1 32.7
Machinery 1923-25=100.. 701 58.6 64.2 67.9 70.8 72.3 72.4 71.8 74.0Agricultural implements 1923-25= 100.. 7o' 9 42.3 45.9 51.4 55.0 57.9 81.4 63.6 71.1Electrical machinery, etc 1923-25=100.. 65' \ 51.4 55.0 58.4 60.6 60.3 59.4 57.8 59.2Foundry and machine-shop p r o d u c t s ' I
1923-25 = 100.. 69 5 52.9 59.3 62.2 64.1 63.7 62.8 62.1 63.8Radios and phonographs 1923-25=100.. 213'5 143.8 j 144.3 146.7 168.0 203.2 215.1 215.8 216.4
Metals, nonferrous 1923-25=100.. 75'x 63.2 70.4 | 74.8 74.8 71.7 69.2 69.4 70.1 !
Brass, bronze, copper prod... 1923-25=100._ 75' g 69.8 76.8 j 79.2 78.4 75.6 72.6 71.3 71 .31Stamped and enamel ware...1923-25 = 100__ 91'4 81.0 91.3 93.9 9 3 . 2 1 79.9 79.1 75.1 78.9 i
Paper and printing 1923-25=100.. 9 4 4 85.1 89 .9! 93.0 94.2 93.0 93.0 91.7 92.9Paper and pulp 1923-25 = 100._ 104'8 89.9 97.6 103.1 104.1 i 102.2 101.1 100.3 102.5
Railroad repair shops 1923-25=100.. 58' 0 51.4 54.0 54.8 54.7 j 55.0 53.8 53.6 54.2Electric railroads 1923-25=100- 66 3 65.2 64.7 65.1 65.8 66.6 66.7 65.9 65.8Steam railroads 1923-25=100.. 5/4 50.4 53.1 54.0 53.8 54.1 52.6 52.6 53.3
Rubber products 1923-25 = 100— 828 76-2 87-9 89-4 89-4 87-0 84-3 S3- 4 I 85.1Rubber tires and tubes 1923-25=100.. 74'0 70.0 77.9 77.7 77.3 ! 75.1 74.3 73.7 | 75.4
Stone, clay, and glass products. 1923-25 = 100._I 53*9 48.8 51.4 51.0 49.7 50.0 50.0 52.0| 52.7Brick, tile, and terracotta—1923-25 = 100.. 2 9 3 30.8 32.9 32.9 31.1 29.3 28.6 2 8 . 1 1 29.4Cement 1923-25 = 100.. 54*3 46.7 49.9 45.2 39.8 40.9 38.6 40.1 46.1Glass 1923-25=100.. 928 75.0 79.1 78.6 78.9 81.2 83.2 91.1 91.8
Textiles and products 1923-25=100.. 99*2 100.2 101.2 j 98.1 96.1 92.1 87.3 88.1 95.1Fabrics 1923-25 = 100.. 90'4 100.7 103.1 98.4 95.8 91.8 88.2 88.5 9 4 , 8 1Wearing apparel 1923-25=100— 855 94.8 92.4 93.4 92.7 i 88.7 81.7 83.1 91.3
Tobacco manufactures 1923-25=100.. el's 61.0 62.4 60.0 61.91 63.1 61.9 58.4 62.6Transportation equipment 1923-25=100— 853 56.7 61.7 65.5 63.9 60.5 65.6 72.1 82.6
Automobiles 1923-25 = 100.. 955 64.0 68.6 72.7 69.81 65.3 71.8 81.1 94.6Cars, electric, and steam 1923-25=100.. 4 7 9 23.0 28.0 27.9 29.1 I 31.6 34.6 35.4 41.4Shipbuilding 1923-25 = 100- 70.8 53.5 60.8 68.4 70.7! 66.1 67.3 62.5 62.8 i
Factory, by cities and States: jCities: i
Baltimore* 1929-31 = 100- 815 °70.0 75.8 79.1 80.9 76.8 74.1 72.1 76.1 l
Chicago* 1925-27 = 100.. 6 7 2 56.7 64.0 65.3 65.6 63.0 60.9 60.8 63.2Cleveland* 1923-25=100.. 82.6 71.0 75.5 75.2 71.9 74.6 74.1 78.5 83.6!Detroit 1923-25=100- 839 62.8 64.7 59.6 37.3 41.6 61.7 83.2 99.1Milwaukee* 1925-27=100- 826 71.9 76.6 79.2 79.1 76.7 77.1 76.7 75.8!New York 1925-27=100- 681 59.2 63.4 69.0 70.0 67.8 67.4 66.9 71.4Philadelphia!- 1923-25=100— 771 66.6 72.9 78.3 81.4 79.3 | 76.8 73.3 76.1Pittsburgh* 1923-25=100- 79.2 68.5 75.7 77.4 75.2 7 4 . 7 1 73.4 70.0 73.4
States: i !Delaware! 1923-25=100- 96.6 87.9 94.2 98.1 95.1 94.2 92.7 89.0 93 .4!Illinois 1925-27=100.. 715 60.9 67.9 69.7 68.9 66.2 65.4 64.0 66.0 jIowa .1923=100- 106.7 93.0 95.3 99.3 101.9 98.8 99.8 98.4 101.6 |Massachusetts*! 1925-27=100- 67.6 69.0 73.2 75.1 76.5 72.9 69.1 I 68.5 73.0 |Maryland*... _ 1929-31 = 100- 86.8 °78.8 84.0 88.3 90.1 85.5 81.2 79.0 83.8New Jersey! 1923-25 = 100- 817 70.4 74.9 79.5 • 80.5 80.5 79.8 77.4 78.9New York. 1925-27 = 100- 69.7 62.2 65.7 69.6 69.6 67.4 66.2 65.8 69.6Ohio 1926=100.. 89.7 77.8 81.9 83.7 83.2 80.5 80.1 79.4 85.4Pennsylvania! 1923-25=100.. 7G.3 68.4! 73.2 76.3 76.6 75.3 72.5 69.5 73.7 IWisconsin 1925-27 = 100- 85.7 75.9 77.5 79.7 80.0 78.3 76.5 75.7 77.2
Nonmanufacturing (Dept. of Labor):Mining: | I
Anthracite 1929=100.. 53.6 43.8 j 47.7 56.8 56.9 61.0 54.5 64.1 63.2 iBituminous coal ..1929=100.. 77.0 63.2 68.6 71.8 68.0 74.8 75.4 75.8 76.1Metalliferous— 1929=100- 39.9 33.0 36.8 38.9 40.7 40.6 40.6 39.6 40.3 jPetroleum, crude production...1929=100- 81.6 59.5 60.8 66.2 70.6 72.2 75.0 73.2 72.4 iQuarrying and nonmetallic 1929=100- 55.6 49.5 51.6 52.6 53.2 51.1 45.3 39.7 38.8 !
Public utilities:Electric railroads 1929=100.. 73.1 69.4 69.5 69.7 70.6 71.0 70.8 70.5 71.0!Power and light — 1929=100.. 85.0 77.5 78.1 80.3 82.2 82.6 81.8 82.2 81.2Telephone and telegraph- 1929= 100- 71.0 68.5 68.1 68.3 68.7 68.9 69.4 70.2 69.8
Trade: j | I !Retail.. 1929 = 100.. 83.3 74 .6 ! 78.1 86.0 | 89.6 91 .6! 105.4 | 84.6 83.8:Wholesale ....1929=100- 84.0 76.9 j 79.7 82.1 I 83.5 83.4! 83.3! 82.4 83.01
Miscellaneous: i I iBanks, brokerage houses, etc.*!.1929=100- (3) 97.7 98.3 99.0 99.4 99 .6 ! 99.3 99.2 99.4 (3) (3) (3) (3)Dyeing and cleaning *! ..1929=100.. 80.5 76.6 ! 76.8 81.9 81.6 76.1 j 70.5 68.1 68.1 72.4 79.9 84.3 84.9Hotels 1929=100.. 86.3 75 .6 ; 77.1 78.7 77.0 75.8 77.6 81.5 8 4 . 8 ? 86.4 86.7 85.7 8 6 2Laundries*! 1929=100- 84.6 79.5! 81.1 82.6 81.3 78.4 j 7 8 . 4 1 78.5 78.4! 79.2 80.5 82.1 84.0
Miscellaneous data: ! i 1Construction employment, Ohio.. 1926=100.. 30.5 26.8 29.1 28.3 28.1 29.1 j 27.3 23.6 21.0 20 .2 ; 24.5 31.7 °38.0Farm employees, hired, average per farm j |
number.. .87 .94 .94 1.05 .86 .73 ! .64 .73 .67 .80 j .80 .92 1.02Federal and State highway employment, j
total* _ _ number.. 549,203 332, 277 : 329, 813 337,973 384,029 420, 069 ! 362, 031 ! 315, 989 308, 090 296, 265 ! 345, 278 466,504 545,013Construction*. number.. 380,701 190, 633 171, 576 177,413 212,727 249, 239 j 221,168 | 179, 499 179,125 164, 038 j 209,167 299,133 374,056Maintenance* number.. 168,502 141,644 158,237 160,560 171,302 170,830 | 140,863 136,490 126,965 132,227 ! 136, 111 167,371 170,957
Federal civilian employees: IUnited States * number 591,166 592,490 602,465 613,242 624,1181627,713 627,155 647,759 659,503 680,026 694,968 696,977
Washington .number 65,991 67,715 69,740 71,054 73,131 j 75,450 78,045 79,913 81,569 83,850 85,939 87,196Railroad employees, class I thousands.. 1,069 1,0051 1,031 1,047 | 1,042 | 1,014 [ 982 982 992 i 1,015 1,033 « 1,061 1,075
0 Revised. s No-t available.* For earlier data see the following references: Employment in Baltimore, Milwaukee, Maryland, and Massachusetts, and Federal civilian employment, pp. 18 and 19,
December 1932; employment in banks and brokerage houses, etc., Federal and State highway employment and eniploymant in Chicago, pp. 19 and 20, June 1933; Pittsburghemployment, p. 18, January 1934. Cleveland employment, p. 19, July 1934.
! For revised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania and Philadelphia, p. 19, September 1933; and for Massa-chusetts, employment for 1931,1932, and 1933, p. 19, August 1933. Employment in banks, brokerage houses, etc., for 1932, p. 28, January 1934. Employment in laundries anddyeing and cleaning establishments, p. 20, August, 1934.
107.3113.4101.976. 379.359.493.491.490.993.849.864.737.434.281.273.866.2
72.3227.476.878.792.995.5
106.059.466.758.883.276.754.932.055.490.5
0 92. 2"91.1
90.862.7
a 90.1• 101. 1
49.675.7
81.967.786.783.185. 170.577.481.5
97.972.7
111.769.387.682.271.0
'93.377.384.1
57.576.741.080.056.6
73.284.070.4
88.284.1
September 1934 SURVEY OF CURRENT BUSINESS 29
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem- j Decem-
ber | ber
1934
January Febru-ary March April May June
EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPJLOYMENT-ContinuedMiscellaneous data— Continued.
Trades-union members employed:All trades percent of total—
Building trades* percent of total--Metal trades* ._ percent of total—Printing trades* percent of total--All other trades* percent of total—
On full time, all trades.. .percent of total—LABOR CONDITIONS
Hours of work per week in factories:*!Actual, average per wage earner hours. .
Labor disputes: t §Disputes . number—Man-days lost number —Workers involved number--
Labor turnover (quarterly):*Accessions percent of no on pay rollSeparations:
Discharged percent of no on pay rollLaid-off percent of no of pav roll—Voluntary quits percent of no. on pay roll--
PAY ROLLSFactory unadjusted (B.L.S.)*. -1923-25= 100..
Chemicals and products ._ 1923-25= 100. _Chemicals 1923-25=100-Druggists' preparations 1923-25=100 _Paints and varnishes 1923-25=100-Petroleuni refining 1923-25 = 100. .Rayon and products 1923-25=100—
Food and products 1923-25=100-Baking . . .1923-25 =100. .Beverages 1923-25=100Slaughtering, meat paeking..l923-25=100—
Iron and steel and products 1923-25=100-Blast furnaces and steel works_1923-25= 100- .Structural and metal work ... 1923-25= 100. _Tin cans, etc - 1923-25=100—
Leather and products 1923-25=100—Boots and shoes 1923-25 =100. .Leather 1923-25=100—
Lumber and products _ 1923-25= 100- .Furniture 1923-25=100—Millwork. 1923-25=100-Sawmills . .1923-25 =100- -Turpentine and rosin. 1923-25 = 100-
Machinery 1923-25=100..Agricultural implements 1923-25 = 100. .Electrical machinery, etc 1923-25=100—Foundry and machine shop products
1923-25 = 100-Radios and phonographs 1923-25=100-
Metals, nonferrous__ 1923-25=100-Aluminuni manufactures 1923-25 = 100. .Brass, bronze, copper prod... 1923-25 =100-Stamped and enamel ware___1923-25=100—
Paper and printing. 1923-25=100..Paper and pulp 1923-25=100
Railroad repair shops . 1923-25=100Electric railroads 1923-25=100Steam railroads 1923-25= 100..
Rubber products 1923-25=100Rubber tires and tubes 1923-25=100—
Stone, clay, and glass products— 1923-25= 100—Brick, tile, and terra cotta.... 1923-25= 100..Cement 1923-25=100..Glass 1923-25=100
Textiles and products. 1923-25=100Fabrics ..1923-25^100-Wearing apparel.- 1923-25=100..
Tobacco manufactures 1923-25= 100. .Transportation equipment 1923-25= 100. _
Automobiles 1923-25=100-Cars, electric and steam 1923-25 = 100—Shipbuilding 1923-25-100
Factory by cities:Baltimore * 1929-31 = 100-Chicago * 1925-27—100Milwaukee * 1925-27—100New York * 1925-27—100Philadelphia*! --- 1923-25-100Pittsburgh * 1923-25—100
Factory, by States:Delaware t 1923-25=100-Illinois ..1925-27=100-M ar viand * 1929-31 = 100Massachusetts *t-- .1925-27=100..New Jersey! 1923-25=100-New York__ . 1925-27=100Pennsylvania f 1923-25= 100-Wisconsin 1925-27=100-.
Nonmanufacturing (Department of Labor):Mining:
Anthracite. ..1929=100..Bituminous coal 1929—100Metalliferous 1929—100Petroleum, crude production. _ _ 1929 =100. .Quarrying and nonmetallic 1929 = 100—« Revised.* For earlier data on the following subjects
of work and labor turnover rates, p. 20, October1932; pay rolls, New York, p. 20, June 1933; payn IS. Dp.f'p.mhp.r 1939 Data rm fanf.nrv nav-rnl
°7243
°768379
M8
34.1
60.488.696. 686.178.095.7
208.695.698.2
193.591.447.647.940.694.577.276.279.231.639.323.120.950.358.170.249.8
51.1114.454.150.454.472.977.377.151.158.850.661.955.936.117.039.169.562.564.455.347.365.470.746.355. 6
75.245.861.855.361.350.6
71.248.076.954.363.155.755.562.1
42.349.725.160.035.0
refer to th1932; payrolls, Phil
in Havoc
693355778048
42.9
"84a 1,505,40$a 53, 571
693458788149
38.2
°990 1,570,5120 53, 844
71 !
3761787851
36.3
-125"3,873,662* 163, 682
22.88
.786.31
i 4.16
50.874.174.475.471.281.4
177.376.881.8
160.966.541.441.424.077.672.471.474.827.636.022.717.034.239.133.035.8
35.363.543.153.148.854.067.968.340.052.939.160.455. 929.915.527.853.864.469.250.943.643.548.818. 136.2
°55. 635.247.747.448.042.3
66.037.9
°60. 153.054.448.045.749.2
38.233.619.042.228.4
e indicaterolls, Baladelphia,
56.877.981.081.069.882.2
197.882.183.1
153.872.150.053.129.780.878.277.778.632.443.923.820.136.343.537.037.5
39.984.248.359.252.962.371.076.245.953.445.561.953.333.917.432.059.674.179.259.544.549.755.724.240.0
65. 439.552.050.554.852.7
64.942.667.957.357.551.053.253.3
46.643.321.942.529.9
id pages otimore, p.p. 18, Dec
59.181.580.685.468.786.0
213.294.890.2
146.278.247.547.933.781.977.577. 178.237.352.824.123.243.346.641.639.7
41.3104.151.659.554.062.774.777.645.353.044.861.450.433.516.525.862.278.777.675.948.248.253.123.145.9
68.839.951.857.359.449.0
67.743.073.859.460.055.053.653.8
60.744.123.944.429.3
f the mon18, Decei
member 19
733864798452
36.1
-98"3,659,502"101, 146
59.485.585.791.070.789.4
218.391. 190.6
131.977.747.648.035.975.672.370.178. 838.155.023.523.348.350.247.441.5
43.3142. 853.862.252.566.676.077.548.954.248.662.949.733.614.924.763.577.477.572.751.243.346.124.247.5
67.539.453.455.963.147.6
67.743.073.059.461.654.155.355.3
61.644.125.950.131.2
thly issueiiber 193232; pay roin no 1QQ/1
723764808250
33.8
°52"1,298,113a 23, 790
713864818049
33.8
« 30a 404,993« 13,152
11.31
6211.342.18
55.584.685.192.868.389.8
218.985.390.4
120.576.643.342.235.474.760.155. 674.333.645.022.121.845.350.253.641.3
41.9150.552.460. 149.463.675.672.446.156.245.558.344.831.813.623.063.069.773.258.650.138.639.624.446.8
65. 137.551.553.659.845.7
65.540.369.555. 762.051.852.452.3
47.850.725.650.328.3
s as follo\pay rollsIs, Pittsb
54.584.986.692.968.889.4
220.984.489.6
130.882.043.743.034.281.561.155.778.831.040.122.020.048.949. 159.839.8
41.3128.450.258.549.060.977.271.944.756.843.859.047.331.012.719.164.464.068.651.246.543.746.027.249.4
63.137.351.753.257.246.4
66.540.567.452.861.251.350.650.1
44.350.826.253.224.4
v^s: TradeChicago
urgh, p. 1
724265818149
34.3
31°574, 545
30, 618
54.084.586.990.971.589.5
208.180.788.5
127.781.841.141.231.971.167.564.277.927.435.319.717.450.447.665.238.2
41.395.147.150.948.356.874.371.342.155.441.258.748.629.912.219.465.364.867.056.639.852.758.326.048.2
61.438.949.853.754.441.9
63.440.564.853.158.451.846.750.5
73.251.325.453.021.3
s-union np. 20, Ju
3, January1O T-i-iliT 1
744566818352
35.5
39789, 553
18, 627
60.687.288.091.874.590.8
220.081.191.4
128.578.645.746.133.570.581.781.082.630.540.521.719.151.751.875.740.9
45.496.552.261.151.466.276.076.445.656.444.965.257.933.313.122.573.577.978.372.345.572.082.336.449.0
65.940.553.657.458.746.5
68.343.270.358.861.354.752.454.4
65.854.626.050.521.0
lembers eae 1933; pf 1934; paOQ.4
754570828453
36.4
541,091,02337, 700
19 79
.616.652.73
64.889.189.192.677.192.0
218.282.291.8
138.375.951.352.235.179.784.484.183.931.941.123.220.746.255.878.243.8
49.9101.556.864.256.375.877.778.648.558.647.770.563.434.713.724.174.682.680.881.445.884.598. 139.752.4
70.641.458.662.161.952.7
69.045.274.560.661.958.356.858.9
82.458.925.952.524.1
mployed,ay rolls, Iy rolls, M
764272828453
36.1
«81"2,280,164" 78, 035
67.392.395. 892.483.092.0
221.383.191. 3
150. 976.156.859.437.684.282.181.881.933.340.324.622.553.760. 593.647.8
54.4108.958.967.059,880.879.781.353.059.252.773.467.638.816.430.680.879.879.37G. 146.292.2
107. 443.053.9
75.342.059.760.962.555.2
69.546.878.760.762.759.058.769.6
51.751.427.253.429.9
p. 18, DeVlilwaukcaryland a
764375838452
35.5
«m"2,343,767a 89, 293
67.188. 394.488.587.992.7
191.287.295. 3
167. 080.761.366.141.586. 978.977.682.034.640.525.324.251.462.287.249.9
56.8112. 460.663.562.183.680.679.853.859.453.570.364. 539. 518.135.875.874. 174.968.146.388.0
100.447.360.0
76.644.664.859.261.465.4
68.749.178.959.664.558.261.963.9
64.054.425.656.435.0
cember 1(
e, p. 18, 1nd Massi
754578838149
35.4
1452, 490, 269
97, 830
13.07
.6911.002.97
a 64. 888.196. 190. 386,393. 1
200.091. 996. S
182. 587.262.668.942.794.172.970.579.833. 941.224.123.251.061.676. 151.8
55.5117.457.959.158.480.178.978.553.859.653.566.561.138.819.339.973.4
* 66. 40 66. 9
61.747.5
« 78. 1« 85. 8
53. 160.2
77.645.565.856.261.365.4
71.449.979. 955.064. 757.061.364.0
53.355. 126.756. 937.0
)32; hoursDecemberichusetts
t Revised series. For revisions on the following subjects refer to the indicated pages of tne monthly issues as follows: Labor disputes for 1932, p. 29, July 1933; pay rolls,Philadelphia and Delaware, p. 19, September 1933; pay rolls, Massachusetts, for 1931, 1932, and 1933, p. 19, Aueust 1933; pay rolls, New Jersey and Pennsylvania, p 19,September 1933. Hours of work per week in factories revised for 1933, for data not shown above see p. 20 of the July 1934 issue.
§ Data for 1933 revised; disputes, Jan. 32, Feb. 35, Mar. 39, Apr. 47, May 50, June 52; man-days lost, Jan. 251,829, Feb. 113,215, Mar. 348,459 Apr 551 930, May 664 689,June 576,535; workers involved, Jan. 8,875, Feb. 6,915, Mar. 13,081 Apr. 20,302, May 19,097, June 28,048.
30 SURVEY OF CURRENT BUSINESS September 1934
ti December 1931,footnotes and refer -data, may be found
ement to the Survey
1934
July
1933
July August S» October Novem-ber
Decem-ber
1934
January Febru-ary March April May June
EMPLOYMENT CONDITIONS AND WAGES—Continued
PAY ROLLS— ContinuedNonmanufacturing (Department of Labor)— Con.
Public utilities:Electric railroads 1929 = 100..Power and light 1929 = 100Telephone and telegraph ..1929 = 100..
Trade:Retail 1929=100 .Wholesale 1929=100
Miscellaneous:Banks, brokerage houses, etc.*!_1929=100__D y eing and cleaning * ! 1929 = 100Hotels ... .1929 = 100..Laundries*! 1929=100
WAGES— EARNINGS ANO RATESFactory, weekly earnings (25 industries):*!
All wage earners __ . _ dollars. _Male:
Skilled and semiskilled .dollarsUnskilled. dollars..
Female dollarsAll wage earners .1923=100..
Male:Skilled and semiskilled .1923 = 100..Unskilled 1923 = 100
Female - _.. 1923 =100. .Factory, av. hourly earnings (25 industries):*!
All wage earners . - dollarsMale:
Skilled and semiskilled dollars..Unskilled .dollars
Female dollars..Factory, weekly earnings, by States:
Delaware 1923-25 = 100Illinois ..1925-27=100Massachusetts*! 1925-27 = 100. _New Jersey 1923-25 = 100New York . 1925-27=100..Pennsylvania 1923-25=100Wisconsin ..1925-27 = 100.
Miscellaneous data:Construction wage rates:*§
Common labor (E.N.Rj.-.&ol. per hour..Skilled labor (E.N.R.) dol. per hour
Farm wages, without board (quarterly)dol. per month..
Railroads, wages _ dol. per hour..Road-building wages, common labor:#1[
United States _ dol. per hourEast North Central dol. per hourEast South Central -dol. per hourMiddle Atlantic dol. per hour..Mountain States dol. per hourNew England dol. per hourPacific States dol. per hourSouth Atlantic _dol. per hourWest North Central dol. per hour.West South Central dol. per hour
Steel industry:U.S. Steel Corporation dol. per hour..Youngstown district percent base scale..
63.881 172.3
69.567 6
58 965.668.2
19. 92
22.3716.4714 3674. 9
72.673 983.3
.587
. 649
.484
.429
77 172 675.285 379.874 469.3
.5301. 10
.425030
.4156
.4358
.32
.4334
.485101.5
57.470 066.7
58. 159 1
84.850 053.358 7
19.34
22.2716.4812 9972.7
72.374 075 3
.456
.515
.374
.304
78 767 176.785 477 268 861 9
.443.99
.608
.3441
.20
.35
.44
.3551
.22
.3527
.440101. 5
58.270 966.1
62.760 8
84.450 054.060 3
19.34
22.2616.1413 9172.7
72.272 480. 7
.507
.566
.412
.366
72 367 878.184 777.674 966.2
.443.99
.597
.3542
.20
.3543
.3750
.23
. 3528
.440101.5
57 871 864.6
69 262 3
84.557 155 663 5
19.41
22 0516.0414 3172 9
71 672 083 0
536
.593439
.401
72 466 679 083 379 072 264 8
.4521 02
25.89606
374320
.3644385225
.3628
.440101.5
59.876 267.0
72 366 0
84.757 456 262 5
19.50
22 3516. 3414 3173.3
72.573 383 0
.542
.598
.444
.404
74 667 377.584 577 873 966 6
.5061 03
.603
.374320
.3744
.405525
.3729
.440101.5
59 474 567.7
72 664 1
86.152 555 260 7
18 44
21 0514.8713 7469 3
68.366 779 7
546
.604
.445
.404
72 865.676.285 076.871 564.5
.5101 04
.613
.384521
.3845
.405724
.3730
.440101.5
59 674 467.7
80 364 5
87.447 357 661 1
18 57
21 1015. 2713 4869 8
68 568 578 2
550
.609450
.407
75 166 771 284 777 471 563 3
.5201 06
24.90616
38452339473958253831
.440101.5
59 273 869.0
68 863 9
88.146 860 861 7
18 89
21 4415.7413 4371 0
69 670 677 9
551
.608456
.411
74 668 472 583 378*769 664 1
.5161 05
612
37452341484058213829
.440101.5
60 174 467.9
67 764 6
87 046 365 261 7
19 81
22 2816.4214 8574 4
72 373 786 1
558
.614459
.415
76 670 575 385 778 673 568 1
.5271 06
631
3746
42494157233632
.440101.5
62 275 670.4
69 565 7
51 766 662 7
20 49
22 8716.9514 6377 0
74 376 184 9
561
.615465
.419
75 471 9
76 485 480 876 772 1
.5271 07
26 88609
42503042554457314135
.440101.5
62 976 868.8
71 566 8
60 866 564 4
21 00
23 4617.4114 7178 9
76 278 185 3
579
.633479
.425
75 872 175 986 780 678*272 2
.5341 08
610
43513041554657314135
.485101.5
63 077 671.4
71 866 3
65 165 966 9
20 79
93 9516.8814 6378 1
75 57^ 884 9
586
.646486
.428
75 373 675 887 380 782 674 0
.5341 10
600
43513041554457314335
.485101.5
63 277 871.3
71 666 5
64 160 268 3
o OQ 70
a 93 9->
« 17.0414 5877 8
75 4
S4 t)
586
.648480
. 429
76 'i74 174 387 080 281 374 3
.5341 10
27 29
4351
' 3041
435731
'4235
. 485101. 5
FINANCE
BANKINGAcceptances and com'l paper outstanding:
Bankers' acceptances, total mills, of dol._Held by Federal Reserve banks:
For own account . _ mills, of dolFor foreign correspondents.mills. of dol..
Held by group of accepting banks, totalmills, of dol._
Own bills mills, of dolPurchased bills mills, of dol
Held by others mills of dolCom'l paper outstanding mills, of dol..
Agricultural loans outstanding:Farm mortgages:
Federal land banks mills, of doL.Joint stock land banks mills, of doL.Laud bank commissioner*. ..mills, of dol._
Loans and discounts of Federal interme-diate credit banks mills, of dol
Other loans:Agr marketing act* mills of dolBanks for cooperatives, inch Central
Bank* mills, of dolEmergency crop loan* mills, of doL.Prod. cred. ass'ns* thous. of dol._Regional ag. credit corp.* mills, of dol..
« Revised.* New series. For earlier data on the follov
516
1
47222225042
168
1,690306430
202
2191
49, 820129
/ing subje
738
37
55224830414797
1, 10142€
1
89
461
139
154"
cts refer t
694
140
499252247154107
1, 104416
2
107
329
136
158"
o the ind
715
141
517236282156123
1,110413
6
127
321
135
155"
cated pa^.
737
131
592271321112130
1,126408
16
133
319
7110
2147
3 Notes of the
758
18
599273326138133
1,156401. 34
141
317
11946
143
available,monthly i
764
1274
442223219190109
1,21439271
149
168
199027
145
ssues, as
771
1054
56725531295
108
1,288381120
150
167
1581
157145
follows: P
750
565
581266315108117
1,371370174
148
167
1573
665146
ay rolls, r
685
235
57625232481
133
1,458349'238
156
165
1668
4,409145
>anks, bro
613
34
53623629970
139
1,484345259
172
154
1784
14, 392145
kerage ho
569
3
507226231
59141
1,549335311
191
150
1990
28, 117143
uses, etc.
534
48022026053
151
1,631320379
198
2191
38, 518138
June 19,1933; factory weekly earnings, p. 20, October 1932; factory hourly earnings, p. 18, December 1932; weekly earnings, Massachusetts, p. 18, December 1932; construction wagerates, p. 19, September 1933. Data on additional series of agricultural loans outstanding will be shown in a subsequent issue.
! Revised series. For revisions on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls of banks, brokerage houses, etc., for 1932,p. 29, January 1934; Massachusetts weekly earnings for 1931, 1932, and 1933, p. 19, August 1933 issue; pay rolls in laundries and dyeing and cleaning establishments, p. 20,August 1934; factory weekly and hourly earnings revised for 1933; for data not shown above see p. 20 of the July 1934 issue.
# Beginning with March 1932 method of computing rates was changed.\ Increase in wage rates during March was due to provisions of title I, sec. 204, par. 2, item C of the National Recovery Act, which required State highway departments
to fix minimum wage scales.§ Construction wage rates as of August 1, 1934, common labor $0.530, skilled labor $1.11.
September 1934 SUEVEY OF CURRENT BUSINESS 31
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April May June
FINANCE—Continued
BANKING— ContinuedBank debits total mills, of dol
New York City .mills, of dol__Outside New York City mills, of doL.
Brokers' loans:Reported by New York Stock Exchange
mills, of dol._Ratio to market value percent..
By reporting New York member banksmills, of doL.
Federal Reserve banks:Acceptance holdings. (See Acceptances.)Assets total mills of dol
Reserve bank credit outstandingmills, of dol._
Bills bought,.. mills, of doL.Bills discounted mills, of dolUnited States securities mills, of doL.
Reserves, total§ mills, of dol_.Gold reserves mills of dol
Liabilities, total mills, of dol_.Deposits, total mills, of dol__
Member bank reserves mills, of dol..Notes in circulation mills, of dol..
Reserve ratio percent .Federal Reserve member banks: *
Deposits:Net demand mills, of dolTime . IT ills, of dol .
Investments mills, of dolLoans, total mills, of do]..
On securities mllis. of dol..All other loans mills of dol
Interest rates and yield on securities:Acceptances, bankers" prime percent..Bond yields. (See Bonds).Call loans, renewal percent..Coin'l paper, prime (4-8 mos.) percent..Discount rate, N.Y.F.R. Bank percent. .Federal land bank loans percent.-Intermediate credit bank loans percent. _Real estate boiid*^ Ion**1 term percentStocks yields. (See Stocks.)Time loans, 90 days percent..
Savings deposits:New York State mills, of dolU.S. Postal Savings:
Balance to credit of depositorsthous. of dol..
Balance on deposit in banks .thous. of dol..
FAILURES
Commercial failures:Total number
Agents and brokers number..Manufacturers, total number..
Chemicals, drugs, and paints.. number _ _Foodstuffs and tobacco number..Leather and manufactures number..Lumber _ . _ number..Metal? and machinery.. _ .number..Printing and engraving number..Stone clay and glass numberTextiles . - numberMiscellaneous. number..
Traders total numberBooks and paper.. number .Chemicals, drugs, and paints. .number..Clothing numberFood and tobacco number..General stores number. _Household furnishings number..Miscellaneous. ... number
Liabilities, total thous. of dol..Agents and brokers thous. of dol..Manufacturers, total thous. of dol..
Chemicals, drugs, and paintstbous. of doL.
Foodstuffs and tobacco thous. of dol..Leather and manufactures thous. of dol..Lumber thous. of dol_.Metals and machinery thous. of dol..Printing and engraving thous. of dol..Stone, clay, and glass thous. of dol..Textiles thous of dolMiscellaneous thous. of dol..
Traders, total thous. of dol. .Books and paper thous. of dol_.Chemicals, drugs, paints. .thous. of dol..Clothing.. .thous. of dolFoods and tobacco thous. of dol..General stores thous. of dol..Household furnishings thous. of dol..Miscellaneous thous. of dol..
27, 75213, 84213,910
9233.00
885
8,161
2,4625
222, 4325,1544, 9308,1614, 2954, 0293,07769.9
12, 7454,4889, 8897,8733,3584,515
H-H1.00H-i1.505.002.00
X-i5,114
1.190,712670, 182
91298
2354
2311372595
4081
5798
6871
251206893
19, 3264,1166,786
309146138975766778192717
2, 7658,124
135870790
3,222123839
2,145
31 23217, 35413, 878
9162.80
876
6,442
2,2099
1672,0283,7933 5486,4422,5442,2943,01268.3
10, 4754, 5338 Oil8,5463,7724,7743/i-M1.00
IM-IH2.505.583. 10
H~1A5,085
1,176,669960, 170
1,421120325
7331130
«45201142
0 126976« 1910013836436
a 1500 169
27, 4815, 6558,282
121279559
2, 2850 1, 154
420436689
« 2, 33913.544
«269882
1,4013,971
446a 2, 444« 4, 131
25 45113, 07612, 375
9172.50
881
6,607
2,297
1532,1293,8203,5886, 6072,6752,4092,98867.4
10, 4274,5088,0748, 5333, 7664,767
fc-H
.981H
2.505.003.13
1-1M
5,059
1,177,667947, 822
1,472114357
2542114249181730
1231,001
1899
14838741
134174
42. 7769,367
15, 192
65076435
2, 6522,995
213631591
6,66118, 217
3201,5742,3476, 757
4912, 3344,394
24 55512, 34012, 215
8972.74
806
6,735
2,4217
1282,2773,8053 5916,7352,7482,4383,00266.2
10, 5054,5017,9898,5403, 6874,853
K.75
IX-VA2.505.003.13
yrK
5,079
1,180,668937, 409
1,116115273
4204
3738131719
121728
558
1152843593
13821, 8474,8337,646
14228
142, 102
7714042483.i5
3, 5109, 368
31598
1.1132.928
2181. 7542,726
26 30713, 28013, 027
7762.58
749
6 889
2,5497
1162,4213,8173,5916,8892,8852,6852,96665.2
10,6534,4708,1568,5933,6044,989
1A
.75W
'2.005.003.13
*H*5,049
1,188,871918, 644
1,206112314
1346133631221915
119780
106381
31041
105170
30, 5828,4478,850
267493151993452415874668
4, 53713, 285
293746
1,0423, 859
5951,9104,840
24 13112, 20411,927
7892.43
720
6 865
2,58124
1192,4323,7783 5736,8652,7962,5733,03064.8
10, 7514,4108 1048, MS3, 5094 9991A-1A
.75IX
'2.005.003.04
%-l
5,029
1,198,656910, 133
1,237106311
6319
3439271632
117820
7H7
1173194199
15025, 3535,2827,808
52573576
1,0951,017
775506437
2,7771 2, 263
61792
1,1494,068
4201 , 633
1 4, 140
26 30113,01313, 288
8452.55
837
7 041
2,68813398
2,4373,7943 5697,0412,8652,7293,08063.8
10,9524,3518. 2008,3853,6204,765
H
.941M-1H
'2.005.002.96
M-iM5, 061
1,208,847914, 235
1,132100258
6231328
161129
105774
1180
1163024096
12927, 2009,0968, 658
89184405
1, 7481, 372
323487343
3,7079,446
195750
1,2322,854
3711,3242, 720
27 22114, 02313, 198
9032.42
888
6 989
2, 63011183
2,4343,7923 5576,9893,0352,6522,92663.6
11, 1184,3678,7728, 3493, 6094,740
1A1.00
iM-i^'2.00
5.002.98
1-1 M5,067
1,200,771902, 225
1,364118295
730122443202034
105951
1878
212330
34125154
32, 9055,5299,265
34380195991
1, 228568503
1, 1234,243
18, 1 1 1231826
2,2717, 164
5402, 1464,933
25 01513, 23111, 784
9382.56
858
7 309
2, 5676264
2,4324,1403 9317,3093, 2653,0932,98066.3
11,3984,3709,2158, 1853, 5204, 665
H
1.001M-1K
•1.505.003.00
M-i5,076
1,200,023883, 705
1,04985
2481323132725179
2992
7161062
10428325
108124
19, 4454, 3315,943
831207164
1,170284508140580
2,0599,171
! 127781
1,254! 2, 769
2241,7322,284
29 68515, 60814, 077
9812.67
886
7,669
2, 5452954
2,4474.5374 3367, 6693, 6533, 4573,03867.8
11,7944,4199 3118,1613,5144,647
H-H
1.001-1 H1.505.002.74
•K-i
5, 122
"1,199,983856, 323
1,102106301
623194033161722
125695
1468
10126423
13194
27, 2284.880
12, 239
165378339
2,6001,159
5041,0992, 1833,812
10, 108217812
1,0833,124
4572, 4671,948
31 23116, 95314, 278
1,0882.99
974
7 953
2,4859
392,4314,8434 3037,9533,9823, 5993,06068.8
12, 2214, 4549 3268,1363,5774,559
K-K1.00
i-iM1.505.002.50
M-i
5,097
1,197,485806,163
1,052102281
6327
3638101326
113669
125988
2762095
11925, 7875,319
10, 300
22548986
1, 6383,237
126194601
3,70410, 168
198609894
4,424278
1,2222,543
28 75714, 65214, 105
1,0163.00
915
8,028
2,4635
312,4304, 8994,6838,0284,0233, 7463, 06969. 1
12, 4264, 4559, 2808, 0263, 4764,550
^-H1.00
11.505. 002.26
M-l
5, 090
"1,196,881•730, 051
97799
2467
327
2626101027
101632
1164
109250
2468
10622,5613,3509,674
62331178
1, 5791, 334
140348951
4, 7519, 537
80739
1, 0443, 875
1751, 0912, 543
30 14215, 38814, 754
1,0823. 14
1,017
8, 1 75
2,4725
252,4325, 0224,8088, 1754, 1383, 8403, 101
694
12, 5044. 5019,7238, 0143, 5294,485
Ys-lA1.00%-li . r>o5. 00
« 2. 00
M--1
5, 134
1, 198,222738, 318
1, 03395
279
27
%124788
659145791
2982264
11323, 8683, 9689, 581
252344468
1,4121, 703
412
1,3613, 197
10,319
! 1671,3673, 957
317802
3,267a Revised.« Rate changed Mar. 3, Apr. 7, Oct. 20, 1933, and Feb. 2, 1934.- ruut; uuaugeu mar. o, Apr. / , uui. A/, i»oo, auu .ret). ^> lyoi.* New series. Earlier data for Federal Reserve member banks shown on p. 18 of the January 1934 issue. These data cover 90 cities and supersede the previous data for
101 cities. They are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which discontinued reporting.§ Figures subsequent to December 1933 represent gold certificates on hand and due from U.S. Treasury, plus redemption fund—Federal Reserve notes. ($35,138,000 on
Feb. 28, $32,748,000, on Mar. 31, $31,400,000 on Apr. 30, $30,000,000 on May 31, $25,724,000 on June 30, and $24,056,000 on July 31, 1934.)
32 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July i August S» October
1934
January | F®ryU" March April May i June
FINANCE—ContinuedLIFE INSURANCE
(Association of Life Insurance Presidents)Assets, admitted, totalf - mills, of doL.
Mortgage loans mills, of dol__Farm" mills, of dol..Other -. mills, of dol. .
Bonds and stocks held (book value) :mills, of doL.
Government _ mills, of dol._Public utility mills, of doL.Eailroad mills, of dol..Other mills, of doL.
Policy loans and premium notesmills, of dol
Insurance written: fPolicies and certificates thousands..
Group thousands. .Industrial thousands. .Ordinary .. . thousands..
Value, total thous. of dol._Group thous. of dolIndustrial thous. of doL.Ordinary thous. of dol
Premium collections t - .thous. of doL.Annuities thous. of dol_.Group thous. of doL_Industrial thous. of dol__Ordinary thous. of dol._
(Life Insurance Sales Research Bureau)Insurance written, ordinary total
mills, of dol._Eastern district mills, of doL_Far Western district mills, of doL.Southern district mills, of doL.Western district ..mills, of doL_
Lapse rates - - 1925-26 =-- 100_ .MONETARY STATISTICS
Foreign exchange rates: #Argentina dol. per gold peso..Belgium dol. per belga_.Brazil dol. per milreisCanada _.dol. per Canadian dol...Chile - .-dol. per peso..England dol. per £..France - dol. per franc. .Germany dol. per reichsmark__Inrh'a dol. per rupee..Italv dol. per liraJapan dol. per yen.,Netherlands dol. per florinSpain dol. per peseta..Sweden - -- dol. per krona..Uruginy dol. per peso
Gold and money:Gold:
Monetary stocks, U.S mills, of doL.Movement, foreign:
Net release from earmark, thous. of dol..K\ ports thous. of dolImports thous. of dol
Net gold imports, including gold releasedfrom earmark ° * thous. of doL.
Production, Rand __ fine ouncesReceipts at mint, domestic fine ounces _ -
Money in circulation, total mills, of dol._Silver:
Exports _ _ .thous. of dolImports thous. of doL-Price at New York dol. per fine ozProduction, estimated, world (85 percent of
total) _ thous. of fine oz-_Canada thous. of fine ozMexico thous. of fine ozUnited States thous. of fine oz_.
Stocks, refinery, end of month:United States thous. of fineoz..Canada - thous. of fine oz_NET CORPORATION PROFITS
(Quarterly)
Profits, total t mills, of dol. .Industrial and mercantile, total
mills, of dol.Autos, parts and accessories. .mills, of dol. _Foods mills, of dol..Metals and mining mills, of dolMachinery mills, of dol. _Oil mills, of dol..Steel and railroad equipment
mills, of dolMiscellaneous mills, of dol
Public utilities! mills, of dol_.Railroads, class I mills, of dolTelephones mills, of dol__
1, 04226
7G6250
094, 25946, 795
202, 256445, 208252, 07233, 2468, 885
54,072156, 369
4982134860
177
f>. 336.234.08!
1. 012.103
5.04. 056.385.379.086.298. 678. 133.26080!
7, 893
611114
53, 330
53, 827876, 000141,910
5, 350
1 , 7891,590.463
11,4881,3596,5001, 825
7, 8652,402
17, 1075,8761,3114,565
6,3261,5221,6712,615
518
2,965
1,07633
802242
666, 09542, 456
205, 780417,859254,83136, 4078, 252
54, 025156, 147
4831955056
182
.807
. 195
.079
.945
.0844.65. 055.333.349.074.288.562.117.240.651
4, 319
84, 47185, 375
0 1,497
592923, 67199, 5815,675
2,5725,386.376
10, 2261,2275,7381,552
8, 2152,028
17, 1345,8371,3004,537
6,3891, 5691, 6812,619
620
2,957
1,15618
881257
688, 62024, 437
229, 545434, 638223, 28121,900
7, 90247, 853
145, 626
493207
4858
ISO
.794
.192
.080
.943
.0824. 50. 054.327.339.072.269.554.115.232.648
4,323
79, 46781, 473
1 1, 085
! -921934, 71486, 265
j 5,616
7,01511, 602
.361
10, 9171, 7475 9201,489
3,6652,340
17, 1625,7941,2864,508
6,4281,5991,6892, 619
521
2 951
96233
702226
577, 77623, 028
180, 105374, 643208, 97617,0516,842
52. 939132, 144
4181674352
156136
.861
.207
.082
.965
.0874.66.058.354.350.078.273599
.124
.241702
4,327
49, 30558 2811 544
-7,442901, 799105, 985
5,632
3 321« 3, 494
,384
9,6761 6184 3241,918
3, 5371 862
415.6
128 942.526.2
7 61.8
17.8d 4 737.752.3
186 248.2
17, 2125,7471,2664,481
6,4801,6501,6922,618
520
2,945
1,08223
812246
657, 36225, 920
212, 452418, 990225, 336
19, 0247,216
53,612145, 484
4651944554
172
.861
.207
.085
.976
.0894.67.058.354.350.078.278.600.124.241.708
4,324
26, 86734, 046
1, 696
-5,483908, 888155, 532
5,656
2,2814,106.382
12,0191,6386 6611,781
5, 6691 909
17, 2505,7001,2484,452
6,5991,7621,6972,620
520
2,939
1,07130
772269
681, 04941, 483
202, 843436, 723214, 68215, 8766,909
46, 253145, 644
5042155058
181
.920
.223
.0861.012.101
5.15.063.382.383. 084.304.646.131.266.763
4,323
6002, 957
a 2,174
-463898, 468162, 280
5,681
464« 4, 083
.430
11,3171,4746, 0331, 863
5,6381,744
17, 2175,6491,2344,415
6,6251,8351,6942,585
511
2,948
1,09647
773275
715, 25655, 693
194, 030465, 533324, 87730, 0129, 226
113,588172, 051
5482175667
208133
.758
.217
.0861.006.096
5.12.061.373.384.082.307.629.128.264.746
4,323
11, 78010 8151,687
2,652894, 156184, 622
5,811
5904,977.436
10, 0831, 1315 3911,562
5,2741,758
; 309. 2
1 72.5\ <*6. 1
20.59 01.6
18.7d 10 1
38. 9i 56.9
132 647.2
17, 2995,6121,2144,398
6,7041,8911,7102, 589
611
2,947
1,03929
766244
665, 45732, 673
197, 108435, 676249, 884
25, 5639, 060
59, 051156, 210
4722024353
174
h.335.220.086.995. 095
5.05.062.376.380.083.301.636.130.260
758
m 4, 323
12, 2054 7151 947
9,438907, 641116,543
5,669
8593,593.442
11,3611,3686 0002,025
7,2752 055
17, 3455,5681,1934,375
6,7631,9451,7122,588
616
2,936
1,01515
752248
648, 07326, 862
196,816424, 395224, 676
19, 9257, 765
51, 121145, 865
4712034554
169
6.336.229.085.992.096
5.03.065.389.379086
.298660
.133260788
"• 7, 137
68, 65451
452 622
521,225826 36368, 8455,339
7342,128
452
10 4941 3515 4131 903
8,9192 389
17, 3605,5111,1644,347
6,7941,9671,7162,584
527
2 924
1,22830
894304
787, 62833 241
228, 107526 280251 119
29 CJ57
9^72454, 012
164 826
5712445563
209125
b 340233085
.998
. 1015.09
066.397383086
.300673
.136263802
7,602
-83744
237 380
236, 683874 11293, 2225,368
6651,823
459
10 2381 0854 4952*791
10, 6452 141
315 2
94 831 820.79 23 12.8
d10 938.159 1
112 2i 49.1
17, 4175,4574,3141,143
6,8682, 0221,7192,587
540
2 915
1,17846
841291
794, 49562 214
220, 366511 915245 09925, 0308,255
52, 340159 474
5812485567
211
fc 344.234086
1.002. 103
5.15066
.396388086
.303679
.137266806
7, 736
-1,13337
54 783
53, 615865 822
97, 7515,366
1 4251,955
452
12, 9681 0157 8222 389
11,8652 423
17, 4875, 3981, 1244,274
6 9192, 0471 7272, 5S6
559
2 907
1 20134
86.8299
791,54440 989
226,013594 549244 281
28, 7428, 250
48.018159 271
5S8251566.8
213
b -340234086
1.002103
5.11066395383085
.302679
.137203806
7, 759
4901 780
3r> 362
34, 072898 414101,217
5, 355
1 6384, 435
442
a 12 6971 543
a 7 Q652 ?03
7,1742 449
1 13251
805270
762, 49057 81 *?
211,473493 205946 41429, 2667,813
54. 523lr)4 812
5502335866
199118
b 337934085
1.008102
5. 05066383379086
!299P78
.137200803
7. 821
1,2486 586
70 991
64, 955868 129
94, 4395,341
o 4045,431
452
a 11 497963
a § 461
2 312
« 7, 9072 630
b Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the Mar. 1934 issue.* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issues, net gold imports.t Revised series. For earlier data see pp. 18 and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections, and
p. 19 of the July 1934 issue, corporation profits.# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.0 Or exports (-).d Deficit.m Decision of Treasury and Federal Reserve to omit gold coin from circulation figures as of Jan. 31, at which time it was carried as $287,000,000, is not reflected in the
January total, which is the daily average figure for the month. Large increase in February total resulted from revaluation of the dollar to 59,06 percent of its former goldcontent.
September 1934 SUEVEY OF CURRENT BUSINESS 33
Monthly statistics through December 1031,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934 1 1933
July j July August Septem- j Optnhpr 1 Novem- Decem-ber |UctoDer| ber I ber January
1934
Febru-ary March April May June
FINANCE— ContinuedPUBLIC FINANCE (FEDERAL)
Debt, gross, end of month mills, of dol—Expenditures, total (incL emergency) tf
thous. of dol.-Receipts, total........ -thous. of del —
Customs thous. of dol—Internal revenue, total thous. of doL.
Income tax thous of dolReconstruction Finance Corporation loans out-
standing, end of month :*§Grand total _ _ thous. of dol—
Total section 5 as amended— thous. of dol..Bank and trust companies including re-
ceivers thous. of dol—Building and loan assoc thous. of doL-Insurance companies thous. of dol._Mortgage loan companies-thous. of dol-.Railroads, iiicl. receivers- -thous. of doL_All other under section 5. -thous. of dol —
Total emergency relief and construction actas amended thous. of dol
Self-liquidating projects thous. of dol..Financing of exports of agricultural sur-
pluses thous. of dol_-Financing of agricultural commodities,
and livestock thous of dol—Amounts made available for relief and
work relief thous. of doL_Total bank conservation act as amended
thous. of dol—Agricultural adjustment act of 1933
thous of dolCAPITAL ISSUES
Total, all issues (Commercial and FinancialChronicle) . thous. of dol—
Domestic, total _thous. of dol—Foreign, total thous. of dol—Corporate, total _thous. of dol—
Industrial —thous. of dol—Investment trusts thous, of del—Land, buildings, etc thous. of dol—
Long-term issues thous. of dol—Apartments and hotels. -thous. of dol—Office and commercial... thous. of dol—
Public utilities thous. of dol—Railroads thous. of dol—Miscellaneous thous. of dol—
Farm loan bank issues.. -thous. of dol—Municipal, States, etc thous. of dol—Purpose of issue:
New capital, total _ thous. of dol—Domestic, total thous, of dol—
Corporate thous. of dol..Farm loan bank issues. -thous. of dol._Municipal, State, etc thous. of dol—
Foreign thous. of dol—Refunding, total thous. of dol—
Corporate thous. of dol..Type of security, all issues:
Bonds and notes, total thous. of dol —Corporate thous. of dol—
Stocks thous. of dol. .State and municipals (Bond Buyer):
Permanent (long term) thous. of dol—Temporary (short term) thous. of dol—
SECURITY MARKETS
Prices: B«nds
All listed bonds, (N.Y.S.E.) dollars--Domestic issues dollarsForeign issues dollars. .
Domestic (Dow-Jones) (40)percent of par 4% bond..
Industrials (10) . .percent of par 4% bond--Public utilities (10)
percent of par 4% bond—Rails, high grade (10)
percent of par 4% bond—Rails, second grade (10)
percent of par 4% bond —Domestic! (Standard Statistics) (60)— dollars—U.S. Government (Stand. Stat.)* dollars..Foreign (N.Y. Trust) (40) .—percent of par-
Sales on New York Stock Exchange:Total thous. of dol. par value..
Liberty-Treas thous. of dol. par value--Value, issues listed on N.Y.S.E.:
Par, all issues mills, of dol—Domestic issues mills, of dol—Foreign issues _ _ . mills, of dol
Market value, all issues mills, of dol—Domestic issues mills of dolForeign issues mills, of dol—
27, 189
478 859232, 71219,331
195, 59221 , 709
2,714,0401,336,592
582, 20036, 89332, 619
184, 790354, 447145, 643
571, 96496, 062
15, 185
162, 175
298, 542
731, 436
373, 362373, 362
0145, 779
1. 569310400400
00
43, 500100, 000
0135,00092, 583
216, 645216,645
20, 279105, 00091, 366
0156, 717125, 500
371, 783125,500
1,579
89. 7992. 0079. 59
84. 1277. 55
92. 59
104. 68
69.9299. 3
106. 47
263, 75069, 290
43, 96436, 1137, 851
39, 47333, 2256,249
22, 610
278, 503179, Oil25, 081
131,11611, 983
1,855,2421,461,563
672, 00380, 13968, 022
155, 094331, 290155, 010
342, 03737, 972
1, 493
3,195
299, 373
23, 099
320, 577197, 53332, 690
163, 15814, 091
1, 864,8171,458,184
689, 18078, 05568, 241
158, 357331,102133, 245
347.31541,801
3,402
2,920
299, 193
51,643 59,320
«162, 600"162,467
13395, 95586, 7301,089
0000
7, 0001, 061
7535, 00031, 035
"117,693-117,560
52, 76035, 000
«29,799133
44, 90743, 061
"79, 70613, 06182, 894
37, 83113,916
84.4388.0370. 26
73. 0062.85
79. 63
88.95
66.3289.6
103. 6259. 50
323, 13920, 498
40, 81232, 5388,274
34, 45828, 6455,813
52, 90152, 901
014, 05014, 050
000000000
38, 852
45, 60045, 60014, 050
031, 550
07,302
0
38, 8520
14, 050
110, 88516, 858
84. 6387. 9171. 34
72.6762.02
79. 47
89. 95
65.7289.9
103. 4058. 95
216,81815, 597
41, 61333, 3768,237
35, 21829, 3425,877
23, 051
339, 452333, 25233, 793
318,988134, 343
1,852,4581,432,249
682, 31875, 60467, 793
158, 199331, 755116, 575
353, 81348, 540
3,687
2,571
299,015
63, 096
3, 300
94, 17694, 176
026, 76522, 903
000000
3,8620
30, 00037, 411
63, 81463, 8148,911
18, 00038, 903
030, 36217, 854
85, 26517, 8548,911
52, 19143, 008
S3. 0085. 8271.54
69.5859.79
76.57
85.74
62.3487.9
103. 5157. 97
234, 29633, 886
41, 58133, 3708,212
34, 51428, 6395, 875
23, 050
508, 642272, 74731,938
164, 14810, 348
1,829,6631,398,178
666, 46372, 19267, 596
157,101330, 157104, 367
362, 13553, 038
3, 912
3, 170
299,015
56, 052
3,300
59, 36359, 363
03,1093,109
000000000
58, 254
58, 70258, 7023, 109
055, 592
0662
0
58, 2543, 1093, 109
90, 391
23, 534
510, 375219, 49326, 565
135, 70717, 783
1,962,4021,451,067
689, 39168, 53465, 050
160,612333, 423134, 057
397, 93860, 020
4,498
34, 405
299, 015
110,097
3,300
90, 27990, 279
06,5116,511
000000000
83, 768
88, 25788, 2576,511o
23, 814
725, 086341, 776
24, 994302, 432
25,068
997, 022229,11826. 306
182, 405128, 286 ! 15, 850
j
26, 052
643, 965/ 3,024,210
23, 275174, 03624, 803
2,255,025 Is.saa.rififi I9.fift4.7on1,550,110
711,42568, 23760, 930
177, 845337, 080
1,601,786 1,594,667
710, 68563, 61757, 383
180, 497340, 726
190,773 | 248,878
433, 93763, 451
6, 895
64, 576
299, 015
264, 189
74, 56674, 566
016, 15015, 351
00000
5500
25014, 25044, 166
57, 000
514 51971,746
9,063
134, 095
299,015
410, 472
90, 24390, 243
07, 4835,983
00000
1,50000
28, 00054, 759
47, 77557, 000 47, 77515, 601
05, 9835,000
81, 746 41, 399 36, 7920
2,0220
0 017,568 ! 42,467
550 1, 500
83, 84375
6,436
124, 94153, 830 | 21, 376
82, 3384. 7072.85
68. 9956.50
7-5. 83
85.47
58. 3886.5
103. 5158.78
231, 52034, 678
40, 87532, 6808, 195
33, 651
81.3682. 9874.67
62. 1453. 51
70. 37
58, 96516, 15015, 601
302, 47474, 979
83,3485. 1175.90
65. 4858. 53
71.851
79.22
52.7782.6
101. 3961.53
298, 98993, 536
42, 01033, 8218,189
34, 18027,681 i 28,0855, 970 6, 115
83.07
57.2883.6
100. 9561.47
267, 25941, 865
41,82933, 8158,014
34, 86128, 7786, 083
84, 2601, 5005,983
-143,56786, 175
86.8488.7778.65
71.8963. 83
75.64
89.05
64.4188.3
101. 4367.73
413,39170, 264
41, 76133, 7927,969
36, 26429, 9966,268
700, 27860, 14154, 249
187,610365, 205247, 183
538, 20471, 220
10, 076
157, 896
299,011
465, 130
86, 98486. 984
015, 3363, 366
00000
12, 00000
8,90062, 718
79, 12179, 12113, 0587, 000
59, 0630
7, 8832,308
85, 92615, 3661,058
•76,43325, 395
88. 2790. 1280.43
77.8569. 64
80. 18
95. 19
71.2292.9
102. 7470.22
373, 85223, 606
41, 73733, 7757,962
36, 84330. 440
6^403
26, 158
623, 592/ 434, 555
23, 122390, 353228, 526
2,665,8811, 509, 691
657, 37955, 85451, 700
181,574345. 18123S, 003
556, 22380, 195
11, 073
185, 951
299, 003
593, 043
146, 879146, 879
026, 3404,609
00000
15, 0006,481
25025, 00095, 540
97, 27697, 27613, 7703, 000
80, 5080
49, 60312, 569
142, 27026, 340
4, 609
"105,30459, 341
S9. 1."91.09SO. 89
79.7372. 34
81. 98
97.46
71. 9795.1
103. 7486. 78
324, 46447, 980
41,72733, 7717,955
37, 19830, 764
26, 118
=2,983,939/ 199, 278
23, 792153, 36421, 075
2, 712, 5461, 476, 613
627, 46050, 79938, 575
188, 008344, 934224, 084
561, 22982, 666
12, 330
167, 335
298, 898
656, 187
236, 245235, 045
1,20087, 5245,195
00000
5, 58376, 746
045, 000
103, 722
143, 404143, 40428, 24115, 000
100, 1640
92, 84159, 283
231,55087, 5244,695
al!3,01618, 825
26, 155
563, 226/ 246, 801
21, 041194, 29423, 776
2,746,4641,450,489
613,39745, 49535, 929
191,393344, 716219, 559
571, 90788, 560
12,752
172, 034
298, 561
704, 036
141, 872141,872
031,7816. 199
00000
8,00017, 582
032, 50077, 591
102, 733102, 73328, 82312, 50061, 110
039, 139
2, 958
138, 63128, 510
3, 241
« 81, 12539, 393
i90.4692. 5481. 57
83.4276.72
87.37
90. 1 792. 3280. 79
82.9376.07
88. 34
100.50 101.571
73.94 71.8497.0
104. 6667.78
356, 85955. 496
41,76533, 8517,915
37, 78131,325
6, 435 6, 456
97. 6105.3466.54
283, 89965, 488
42. 40834, 504
7, 90238, 23931,8558,384
27, 053
749, 347,'411,337
20, 837362, 243186, 161
2, 883, 5991, 436, 191
598, 90740, 44234, 748
192,150353, 385216,560
612,19093, 009
13, 948
205, 672
298, 561
814, 707
305, 522305, 522
033, 167
42000000
4,00019, 7479,000
158, 900113, 455
122,506124, 506
9, 42011,500
101, 5860
183, 01623, 747
296. 10223, 7479,420
185,81559, 399
90. 8093. 1680.15
83. 8976.57
91.20
103. 47
71.4599.0
105. 9066.04
260, 50764, 643
43, 55435, 6637,890
39, 54733, 2236,324
« Revised.* New series. For earlier data see p. 20 of the August 1933 issue, Reconstruction Finance Corporation and p. 20 of the June 1933 issue, U.S. Government bond prices.§ This excludes the amount outstanding of $435,914,726 on Jan. 31, $478,243,891 on Feb. 28, $486,686,553 on Mar. 31, $486,717,731 on Apr. 30, $487,635,731 on May 31, 1934,
$493,112,904 on June 30, 1934, and $499,251,915 on July 31, 1934, representing payments made to States by the R.F.C. under the Emergency Relief Act of 1933 upon certifica-tion of grants by the Federal Emergency Relief Administrator.
/ Includes $2,808,221,138 for February, $2,233,252 for March, $409,051 for April, $298,868 for May, $213,447 for June, and $272,163 for July, representing the increment result-ing from reduction in weight of gold dollar.
° The figure for expenditures includes $2,000,000,000 exchange stabilization chargeable against increment in gold.<? Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures
beginning May 1932 are as follows: 1932, May, $470.444,000; June, $688,121,000; July, $497,681,000; August, $372,767,000; September, $280,639,000; October, $456,692,000; Novem-ber, $282,980,000; December, $838,866,000; 1933, January, $359.509,000; February, $360,341,000; and March, $439,475,000.
34 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novern- Decem-
ber i ber
1934
January Febru-ary March April May June
FINANCE—Continued
SECURITY MARKETS— ContinuedBonds— Continued
Yields:Domestic t (Standard Statistics) (60) .percent-
Industrials (15) percent-.Municipals (15) f _ _ . _ uereent .Public utilities (15) percent-.Railroads (15) percent. .
Domestic, municipals (Bond Buyer) (20)percent—
Domestic, U.S. Government:Treasury bonds (8 issues)* percent--Treasury notes and certificates (3-6
months) .. percent--
Cash Dividend and Interest Paymentsand Kates
Total (Jowfidl of C'oiTiiTisrcc) thous of dol
Industrial and miscellaneous
T?ailrnrid<3 s*p rr tl ^ f rl 1 "Railways street thous of dol
Dividend payments (N. Y. Times]thous. of dol—
Industrial and miscellaneous.. thous. of doL.Railroad thous. of dol
Dividend payments and rates (Moody' $):Dividend payments, annual payments at
current rate (609 companies). mills, of dol—Number of shares, adjusted millions..Dividend rate per share, weighted average
(600) dollarsBanks (21) dollars-Industrials (492) . dollars--Insurance (21) dollars--Public utilities (30) . . . dollarsRailroads (36) dollars. _
StocksPrices:
Dow-Jones:Industrials (30) dol per sharePublic utilities (20) dol per shareRailroads (20)_ _ dol. per share--
New York Times (50) dol. per share--Industrials (25) dol. per share--Railroads (25).. dol. per share-
Standard Statistics (421) 1926=100..Industrials (351) 1926=100—Public utilities (37) 1926=100-Railroads (33) 1926=100—
Standard Statistics:Banks, N Y (20> lc^'6— 100Fire insurance (20) 192P>— 100
Sales, N.Y.S.E- thous. of shares..Values, and shares listed, N.Y.S.E..
Market value all listed shares .mills, of dol__Number of shares listed millions
Yields:Common, Standard Statistics (90) ._ percent..
Industrials (50) percentPublic utilities (20) percent--Railroads (20) percent--
Preferred, Standard Statistics:Industrials, high grade (20) percent. .
Stockholders (Common Stock)American Tel & Tel Co total nuirber
Foreign nurr-be1*Pennsylvania Railroad Co., total number—
Foreign number..U.S. Steel Corporation, total number..
Foreign number. _Shares held by brokers nercent of total
4. 455.103. 754.474.47
4.05
2. 85
113,295107, 860
5, 435
1,113.4918. 05
1.213.77.96
1.711.971.20
94 522.240.7
83. 00133. 8732. 12
71. 479. 769. 241.2
57 860. 8
21, 116
30, 7521,294
3. 67
5.732.69
5. 67
5.156.164.604.834.97
5. 00
3.20
.19
763 219one onn
1K8 900i f\ eor»
3 000;re;7 01 Q
116,211105, 16011,051
972. 4923. 63
1 053.99.73
1.662. 19.86
100 434.751.7
88. 46135.8141.0980.483.597.552. 6
60 960 0
120, 300
32, 7621,281
3.02
4.09| 2.58
6.22
1
5.126.144.544.844.95
4.98
3.21
.01
31° 620101 son
88 1004 QO^i2 700
247 S°0
211,432197, 49313, 939
970. 6923. 84
1 053. 99
1.662.15.90
98 430. 849.6
88. 24135.8640. 6375.178. 887.149.4
5« 358 2
42, 466
36, 6701, 290
3.252.934. 7S2.73
6.20
5.286.304.595.015.23
4.94
3.20
.04
391 58990 7'"*0
70 1006 800' 500
onfi tqn
j 64, 629158.577
6,052
978. 8923. 78
1 063. 99.75
1.662. 11. 90
100 327.947.2
86.46135.4537. 4971880.780 147. 2
50 756 6
43, 319
32, 7301,293
3.372. 965.482.93
6.26
682 2«97,629
240, 2373, 234
186, 1053, 17118. 66
5.396.494.605.125. 35
5.01
3.22
.09
6*5 2051QQ J K Q
1?° 750jq °004 300
465 055
123,492117,263
6,229
978.2923. 80
1.063.99
L662.07.91
92.824.938.9
79.54127. 8631.2369.575.575.040.3
47 153.8
39, 379
30,1381,293
3.593. 255.612.51
6.38
!:::::::::
5.726.734.895.415. 86
5.52
3.46
.22
412 855109 950
98 500o QOf1
2 300QQ9 QQ5
259, 518243, 742
15, 776
1,017.8926. 13
1. 103. 55.82
1. 662.07.91
96.423. 738. 6
82. 87134. 2231.5269.176.770.038.4
42 551.8
33, 646
32, 5421,295
3.653. 266. 132.62
6.51
5.636.684.895.405.54
5.48
3.53
.29
566 05911^ 600
99 1005 7CO
700450 4^9
191, 995165, 02326, 972
1, 023. 4926. 13
1. 113.61.83
1.672.07.91
99.323.240.5
85.18137. 2733. 1270.478.867.340.3
42.449.9
34, 878
33, 0951,293
3.593.216.242.48
6.50
680, 4547,418
238, 8763,208
187, 9783,45018.80
5.256.174.675.085.07
4.89
3.50
.25
891 926301 ^60
247 30026 9603 975
C'90 680
201, 854174, 70927, 145
1, 038. 7926. 42
1. 123.58.85
1.672.06.98
102.725.244.9
88.21140. 4835.9575.684.073.245.5
51 657.5
54, 567
37, 3651,293
3.363.045.592.25
6.30
_i
4.905.704.484.754.66
4.74
3.32
.08
403 3481 9 7^0
129 30013 6001 700
orn KQQ
212,413188, 24424, 169
1, 063. 4926. 87
1. 153. 58.88
1.672.06.98
107.328.450.8
94.35147. 9140.7980.588.480.650.0
57.864.2
56, 830
36, 6581,293
3.102.814.942.18
6.01
4.745.514.244.654.56
4.56
3.21
.01
406 8671°9 6CO
111 20015 600
I 200267 267
177, 807172, 416
5,391
1,079.8929. 04
1.163.58.90
1.692.06.98
102.126.448.1
90.06141. 3038.8377.184.976.147.6
56.762.8
29, 916
36, 7001,294
3.333.005.502.32
5.98
671,0527,563
235, 8093,174
186, 6123,77019.01
4.615.284. 114.584.46
4.27
3.12
576 940162 800
111 05017 °006 400
414 140
162, 170155, 651
6,519
1, 073. 4929. 04
1.163.58.91
1.701.98.98
104.326.049.5
92.36144. 8439.8879.688.376.349.3
60.466.9
29. 847
36, 4321, 295
3.252.905.582.24
5.82
"
4. 565. 293 0*34 '"i7
4.47
4.17
3.01
264,155246, 149
IS, 006
1.094.5929. 04
1.18'3.58
.941.701.98. 98
95.323.143.6
82. 66131. 1734. 15
71.879.669.843,3
58.665.2
25, 343
33, 8171,294
3.583. 2,55. 832. 53
5.78
4.475.193 734 514.45
4.01
2 94
217, 544182, 79434, 750
1, I0f\ 1929. 04
1.193.60.95
1.701.971.09
96. 723.844.3
85.71135. 7035. 7373.581.471.944.1
58. 766. 7
16,802
34, 4401,295
3. 553. 21)5. 442.49
5.73
r,75, 4257, 686
233, 8263, 165
3, 78519.73
!
FOREIGN TRADE
INDEXESValue:
Exports, unadjusted 1923-25 = 100..Exports, adjusted for seasonal .1923-25 = 100..Imports, unadjusted 1923-25 = 100..Imports, adjusted for seasonal- 1923-25=100-.
Quantity, exports:Total agricultural products 1910-14 = 100
Total, excluding cotton 1910-14 = 100-.
VALUE §Exports, incl. reexports thous. of doL.
By grand divisions and countries:Africa thous. of doL.Asia and Oceania _ thous. of dol..Japan thous. of do l__Europe thous. of dol—
France thous. of doL~Germany thous. of doL.
43483943
161,787
8, 59235, 93512,81261,814
6, 3797, 703
38434448
8051
«144, 109
«3, 26230, 12715, 046
"67, 995°8, 583
"11,235
35384860
6650
a!31, 473
«3, 74024, 44610, 157
=62, 7468,476
«8, 993
42404548
9757
"160,119
4, 53532,12015, 599
«3I, 874«12, 384«13, 723
51424746
12077
"193, 069
4,16635, 05016,825
« 108,59o17,041
"17,720
49424040
11179
«184, 257
4,67037, 57317, 05694, 86414, 082
°16;873
51484142
10993
« 192, 638
«5, 899C40, 878«18, 259
«102, 20812, 12913, 577
45444242
9372
172, 174
3,94035, 90316, 76390, 03013, 20015, 728
43474142
8063
162,805
4, 99934, 22914, 92682, 1821 0. 93513. 820
50504944
7567
191,015
6,59537, 64116, 29592, 49612, 90915,392
47504542
6063
179, 444
5,70837, 49014, 82480, 15010, 67410, 824
42454847
5060
160, 207
5, 63727, 53811.50766, 692
7, 2636,847
45504244
5948
170, -'74
7, 06438, BP310,31067, 6188,1408, 230
a Revised.* New series. For earlier data see p. 20 of the August 1934 issue,t Revised series. For earlier data see p. 19 of the April 1933 issue.§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December, 1933, and January 1934
issues. For revised data for months of 1933 not shown above see p. 20 of this issue.
September 1934 SURVEY OF CURRENT BUSINESS 35
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
r 1931,d refer-
>e foundSurvey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April May
iJune
FOREIGN TRADE—Continued
VALUE— ContinuedExports, incl. reexports— Continued.
By grand divisions and countries— Contd.Europe — Continued.
Italy thous. of dolUnited Kingdom thous. of dol—
North America, northern thous. of doL.Canada thous. of dol—
North America, southern thous. of dol._M ex i co t h o us . o f d ol —
South America thous. of doL.Argentina thous. of dol—Brazil thous. of dol. .Chile thous. of dol—
By economic classes:Exports, domestic-.- _thous. of doL_
Crude materials thous. of dolRaw cotton mil's, of dol
Foodstuffs, total. thous. of dol_.Foodstufls, crude thous. of dol__
Foodstuffs, manufactured .thous. of dol..Frtiits and preparations.. mills, of dol._Meats and fats mills, of dolWheat and flour mills, of dol
Manufactures, semi- thous. of dol—Manufactures, finished _. -thous. of dol..
Autos and parts mills, of dol_.Gasoline mills, of doL.Machinery inill^. of dol
Imports, total cf thous. of dol_.Irnports for consumption * thous. of dol—
By grand divisions and countries: #d"Africa thous. of dol—Asia and Oceania thous. of dol
Japan thous of dolEurope thous. of dol—
France thous. of dol _Germany -thous. of dol..Italy thous. of dol .United Kingdom _ . thous. of dol._
North America, northern., thous. of dol_.Canada _ thous. of dol—
North America, southern thous. of dol—Mexico thous. of dol_-
South America thous of dolArgentina thous. of dol .Brazil -thous. of dol—Chile . . thous. of doi
By economic classes: #cfCrude materials thous. of dol..Foodstufis crude thous of dolFoodstuffs, manufactured thous. of dol—Manufactures, somi- _ _ _ thous. of dol—Manufactures, finished thous. of dol—
4 27524, 38027, 28126, 76114, 6564, 762
13, 5973, 6923,216
814
159, 24237, 199
20 317, 0583,685
13, 3732.95 71 6
28, 83476, 152
18.43. 5
18 9127, 342124, 123
2,33538, 3358 599
37, 8993, 5345, 3542,6519,703
19, 36018, 6979,2852,441
16, 9082, 0106, 5831,448
39, 08617, 23911,86027, 46428, 474
4,741« 24, 705" 21, 296" 20, 923"11,726a 3, 528" 9, 702" 3, 413" 2, 325
456
«141, 57351, 509
36 815, 3833,078
12, 3054.35. 71. 1
21,359« 53, 321
7.56.0
10. 1-142, 980141, 018
2, 607« 47, 794« 14, 420« 43, 750
3,825" 7, 467
3,518" 12, 580
19, 80919, 383
"11,567" 2, 487
a 17, 4534,0376,4270 760
" 46, 4670 15,899" 22, 872a 30, 9820 26, 759
"3 59524, 68620, 76820, 301
" 10, 885"3,313" 8, 889
2,897« 2, 088
338
«129, 31541, 968
28 216, 8863,062
13, 8245.65 41.5
" 20, 463" 49, 998
8.13.4
a 11 1«154, 918"152,714
3,179" 47, 026a 14, 101« 51, 149
5,4108,7023, 473
14, 073" 17, 962
17, 66611, 1282,503
24 475" 6, 232
9.063806
« 50, 75519, 758
"15,611"35,122« 33, 673
"7 239" 28, 474" 21, 484" 21, 000" 9, 462
3,32410, 6433, 5882, 650
656
"157, 490U63,611
45 3" 18, 701
3,39815, 302
6.85 91.3
21, 261« 53, 916
8.33.9
11. 7"146, 643147, 599
" 3, 915" 43, 398
14 217« 49, 981" 5, 668" 8, 506
3, 10812, 09320, 49319, 97910, 989
1, 87317 866
« 4, 538a 6, 561
1,092
48, 33416, 84614, 366
« 33, 496" 33, 601
8 537" 39, 532"21,838« 21, 486
11,1813,499
12, 2374,1413,194
458
"ISO, 842"81,794
"54 223, 5105,042
18, 45811.06 21.2
" 24, 445"61,093
8.66.5
13.5"150, 867149, 288
2,303« 45, 604
1 4, 50351,9085,1187, 6673.838
15, 253" 20, 070
19, 6189, 8481,766
"21 1345,942
" 8, 0951, 545
" 46, 88617, 741
« 17, 088"33,181a 35, 971
5 93433, 564
« 23, 252" 22, 833
11, 6483,685
12, 2494,5592,862
491
181, 291"71,299
48 8« 24, 055" 6, 653
« 17, 4029.76 61. 6
" 24, 195" 61, 743
7. 37.2
16 0"128, 541125, 269
2,764" 39, 049
11,657"43,577" 5, 627
6,6043,1809, 254
17,89017, 123" 9, 789
2,305"15 473" 3, 420
5,885953
"37,261" 14, 853" 15, 783"27,838" 32, 805
6 7^843, 878
« 18, 898" 18, 513"11,791a 3, 456
" 12, 965« 3, 322
3,626777
'189, 808"73,071
44 3" 24, 344« 7, 46416, 880
8.36 73.9
"28,497" 63, 897
9.34.1
15.8"133, 518127, 170
2,587"39,476"10 372« 42, 292
6,891" 6, 894
2,915" 8, 252
" 22, 083" 21, 200
9,6753,295
17, 4062, 3158,2561,018
36, 233"18, 458"23,910" 27, 236" 27, 680
5 75432, 24419, 09618,81212, 3424,136
10, 8642,9422,938
545
169, 53160, 402
41 522, 693
7,29415, 399
8.46 13. 1
25, 01861,418
10.84.8
14 4135,513128, 738
2, 54244, 7149 530
37, 3034,4916,4722, 8477, 997
17, 19516, 3979,3172,824
17 7042, 3797,8261,236
35, 72618, 42320, 84026, 41527, 334
6 2Q127, 96219,87919, 60211,7883,7649,7282,5522,838
593
159, 67154, 218
37 719, 5696,894
12,6756.85 42 7
24, 45661, 428
13.24.3
14 6132, 656125,011
2,78036,2119 114
44, 7657,4366,0752, 852
11,03314, 34314, 1638,4722, 859
18 7212,7278,561
898
36, 89420 99717, 29922, 22027, 602
5 32732, 28825, 79825, 36315, 4054 382
13, 0813,9093,400
654
187, 49555, 276
34 720, 0736,139
13, 9345.55 93.2
31, 38280, 764
20.65.6
18.3157, 908153, 075
4,78548, 89311,45345, 7535,6117,4953,613
11, 35718, 20817, 92910, 7683,922
24, 6203, 3659,4362,631
44, 86226, 10822, 48229, 72829, 847
4 59628, 84026, 65026, 25415, 9894, 668
13, 4493,6193,1691,020
176, 49945, 878
24 517, 8215,348
12,4734.45 13.7
29, 36183, 440
21.55.8
19.2146, 517141, 137
3,70051, 74610, 18637, 5453,8985,7382,9129,008
16,50616,2719,7203,110
21, 9213,0767,1273,784
41,00021,91623, 67626, 11828, 418
4 85325, 92232,41531,98914, 9274,753
12,9983, 3682,989
883
157, 17137, 975
17 616,8163, 994
12, 8223.36 81.9
26, 18976, 191
20.63.8
17.0154, 647146, 866
2, 60555, 87710, 12139,4124,3205,4692,988
10,30219, 24218, 73510, 9123,000
18 8182, 9815,4962,288
42, 81218, 40627, 91326, 88930, 846
4 27624, 86228,51527, 98715,0644, 666
13,9193,5043,3431,048
167,95747, 003
28 914, 9233,023
11,9004.05 71.1
27, 92378, 108
20.04.0
18.6136,082135, 048
2, 80649, 1469,279
35, 8234,1895, 1682, 4747,881
18, 46817,85613, 0393, 466
16,8001,6835, 6351,325
42, 57817, 28321,97726, 84926, 361
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATIONExpress Operations
Operating revenue -thous. of dol..Operating income thous of dol
Electric Street RailwaysFares, average (320 cities). . cents .Passengers carried f thousandsOperating revenues thous. of dol
Steam RailroadsFreight car load ings (F.R.B.):
Index unadjusted 1 923-25 — 100Coal 1923-25 = 100Coke 1923-25 = 100..Forest product^ 1923-25 — 100Grain and products 1923-25= 100. .Livestock 1923-25 = 100 _Merchandise, l.c 1 1923-25=100Ore 1923-25 = 100..Miscellaueous 1923-25 = 100..
Index, adjusted 1923-25 = 100COP! 1923-25 — 100Coke 1923-25 = 100..Forest products . 1923-25=100Grain and products i 923-25 = 100Livestock 1923-25=100Merchandise I c l 1923-25 — 100Ore 19'>3-25 = 100Miscellaneous 1923-25 = 100—
Total cars ^ thousandsCoal thousands..Coke thousandsForest products thousandsGrain and products thousandsLivestock thousands
Ore tho'isaridsMiscellaneous thousands .1
635538309570648365616343307984654062
2 346373
188>;>
17189
613125875
6,357132
8.136620, 424
42, 913
666655389846706267657563398255703464
a 2, 498<* 451
"26"108"179"60
a (5Q3
"100"911
6, 374138
8. 136637, 27845, 055
657255376450&)9063617461355356695357
2, 503494
10911866
680137872
6, 743139
8.143650, 745
44, 225
687259356963709668CO6760335753685957
3,20562535
123156101§49184
1. 138
6,719132
8.143704, 963
47, 956
6070543364687068695h6253325751664959
2, 60650027os
119GQ
'"•(>11111-68
1932
436356
6670543364687068695h62533257516649590600279819J3Jl11>8
6,789139
8. 143688, 20146, 962
607153326660671760596552346251662461
2,36650226931248266730843
7, 090133
8.143741, 119
56695926584764855636555315947683371
2, 56557034911297574215909
6,641140
8.143750, 249
58776726655365855646861306851703469
2,17851931731187061512739
6,590142
8.143G9S, 933
61858631654665858647876306848673467
2,30957540871206162712785
7,052136
8,143790, 773
638271336340671064668771327546664167
3,059730451181486782819
1,105
7,011136
8,143833, 230
605748335748671968626850317452653860
2,33540123971066566429950
8, 143751,053
63615835614967597063695833
52653968
2,442427271011126566083967
8, 143697, 676
645856347846658771646656339054654868
3,07850234123174777891G6
1,214
natiohich consist of general imports. See expla-
36 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April May | June
1
TRANSPORTATION AND COMMUNICATIONS— Continued
TEANSPORTATION-ContinuedSteam Railroads— Continued
Freight-car surplus, total thousandsBox thousandsCoal thousands
Equipment, mfrs. (See Trans. Equip.)Financial operations (class I railways) :
Dividends paid. (See Finance.)Operating revenues t thous. of dol__
Freight f thous. of dol__Passenger f thous. of dol .
Operating expenses t ._ -thous. of dol._Net railway operating income f-.thous. of doL.Operating results (class I roads) :
Freight carried L mile mills, of tons__Receipts per ton-mile centsPassengers carried 1 mile millions. _
Waterway TrafficCanals:
Cape Cod tbous of short tonsNew York State thous. of short tons__Panama, total thous. of long tons _
U.S. vessels thous of long tonsSt. Lawrence „ _ _ _ thous. of short tonsSault Ste. Marie trhous. of short tons..Suez thous. of metric tonsWelland. thous. of short tons
Rivers:Allegheny thous. of short tonsMississippi (Government barges)
thous. of short tons..Monongahela. thous. of short tonsOhio (Pittsburgh to Wheeling)
thous. of short tons__Ocean traffic:
Clearances, vessels in foreign trade §thous. of net tons..
Foreign § thous of net tonsUnited States§ thous. of nettons..
Shipbuilding. (See Trans. Equip.)Travel
Airplane travel:Passengers carried* numberPassenger miles flown* thous. of miles
Hotel business:Average sale per occupied room dollars..Rooms occupied percent of total
Foreign travel:Arrivals, U.S. citizens number..Departures, U.S. citizens.. _ numberEmigrants number..Immigrants number..Passoorts issued number
National parks:Visitors number..Automobiles number __
Pullman Co.:Passengers carried thousandsRevenues, total thous. of dol. _
COMMUNICATIONSTelephone (class A companies):
Operating revenues thous. of dolStation revenues . _ , thous. of delTolls, message thous of dol
Operating expenses thous of dolOperating income thous of dolStations in service, end of mo thousands
Telegraphs and cables:Operating revenues thous. of dol_.
Commercial telegraph tolls thous. of dolOperating expenses. . thons of dolOperating income thous. of doL.
348201111
P277, 500
P36, 200
206519
9777,522
1,334
282 !
p 1101,030
698
6,0233,8592,165
2.8452
12, 294
570, 295145, 887
-------
393216117
293, 708240, 17230, 964
194, 90864, 307
26, 460996
1,633
« 289473
1, 699823839
6,0502, 1791,121
291
1331,561
732
«6,0113,7992,212
61, 50421,417
2.8448
24, 45342, 1355, 2561, 830
12, 323
440, 728117,750
1, 2243, 35G
79, 42152, 34120, 16755, 473
1 15, 95414, 399
9, 2977. 0327, 4341,447
398237106
297, 018241, 242
32, 242202, 45360, 978
26, 468.999
1,717
254623
1,9141,002
9807,6912,2271,212
351
1151,339
851
«6, 3634,0592,304
65, 18122, 798
2.9849
43, 52537, 626
5, 1202,6287,540
441, 795117,261
1,3513,621
79, 35652, 29420,29555, 70016, 38314, 368
9,1717,0657,7151,041
380223106
292, 147235, 43432, 014
199, 41660, 936
26, 1301.0061,716
233517
1,797961
1, 1298,4532,1661,372
234
119812
600
«5, 786°3, 741*2, 045
56, 83021,515
2.9152
46, 52827, 137
3, 7812, 9615,913
182, 95449, 109
1,3923, 798
78, 61552, 66819, 20655, 27115, 82914, 427
8, 8386.7487,598
844
385228111
294, 342239, 60329, 835
204, 69457, 265
26, 412.990
1,584
299593
2,1261,0821,0417,1542,3941,353
219
97429
415
5,3493,3921,957
50, 41319, 356
2.9357
25, 67523, 2853,8563, 0044, 790
75, 14019, 933
1, 2563,526
80, 39554, 25019, 21956, 20916, 57114, 444
8,6636, 5627,627
625
441253136
257, 676209,91224, 972
191,82437, 566
23, 936. 965
1,223
281664
1,950964775
3, 0142, 4771,070
222
971, 075
659
«5,211«3, 274«1, 937
35, 66713, 492
2.9753
13, 17914, 5973,2322,2514,601
44, 46410, 205
1, 0542,749
79, 24253, 83018, 42156, 76715,01714, 448
8. 2496.1477,557
284
463264141
245, 330191, 66729, 312
187, 08137, 764
22, 001.961
1,491
2350
2,192922
6172
2,405131
201
1061, 387
705
4, 5092,8411,668
26,71110,411
2.8651
11, 97910, 7073,1872,3243,922
36, 1207,761
1,3333,552
80, 66254, 22019, 81858, 77715, 60914, 449
9,0766,9708,101
561
434248129
258, 006208, 78027, 200
195, 84930, 931
23, 762.969
1,346
2620
2,087846
00
2,4550
158
651,277
824
4, 3542, 8881,466
28, 17010, 783
2.8558
11,84813, 9362,9071,8435, 409
43, 5108,346
1,3063,722
81, 56355,01219, 65756. 80316,71414, 483
8, 7606,6697,750
605
37522594
248, 439201, 66125, 377
188, 59129, 281
23, 198.963
1,234
1120
2,124979
00
2,0350
31
70531
78
4,2012,7251, 475
27, 62410, 476
2.9557
15, 33418, 4332,0771,7144,190
57, 5269,344
1, 1323,385
78, 53353, 22018, 34154, 78015, 79914, 523
8, 2766, 2727, 360
513
35721093
293, 178240, 991
27, 440209, 25152, 038
27, 793i 966
1, 343
2170
2,4651. 119
00
2,4350
133
821,427
788
4,7173,1231, 594
22, 6068.717
2.8354
20, 79514, 8992, 3042, 3246, 541
81, 70712, 453
! 1, 2273, 740
82, 61555, 01520, 50757, 76316, 62114, 581
9,5577, 3967,9251, 222
368211106
265, 391214, 26627, 045
200, 18732, 265
23, 4721.0151,377
250140
2,2911, 038
5413
2,534254
174
901,404
897
4,8603,0981,762
31, 41512, 374
2.8857
22, 24922, 3492,7302,432
10, 946
81, 93915, 291
1, 2123,488
81,78554, 86219, 83356, 41417,41614, 635
8, 9106,8877, 768
734I
35521393
282, 024228, 587
26, 675210,01139, 495
25, 2601.0071,340
274550
2, 3031,008
9795,7452,3921,287
248
1061,592
888
5,7393,4922,247
35, 89914, 409
2.7458
19, 47918, 0032,3433,126
19, 760
132, 03031, 626
1,1223,334
83, 34955, 42820, 79958, 56416, 22014, 685
9,5237,3978,168
943
34320493
282, 779225, 70931, 555
208,31341, 836
25,212
243557
1,769835901
7,9012,1511,238
280
1011, 683
918
5,9963,8182,177
2.8654
18,21318, 9843, 0332,975
24, 279
287, 72178, 928
1, 303
CHEMICALS AND ALLIED PRODUCTS
CHEMICALSAlcohol:
Denatured:Consumption (disposed of)
thous of wine galProduction thous. of wine gal. _Stocks, end of mouth.. _thous. of wine gal..
Ethyl:Production thous of proof galStocks, warehoused, end of month
thous of proof galWithdrawn for denaturing
thous of proof galMethanol, wood distilled:
Crude:Production* f gallons..Stocks, total* t gallons
.........
5, 1705, 0992, 4S3
11, 684
22, 230
8,654
219, 899316, 324
5, 5055, 5742,544
12, 482
24, 595
9,486
265, 596319. 158
7,9237, 4522, 063
13, 968
25, 423
12, 478
243, 183337, 174
13, 50212, 7711,316
16, 509
18, 948
21, 775
312,085406, 939
10, 78112. 0722, 602
15, 979
13, 025
20, 624
327, 337502, 803
7,1725,6911,114
15, 396
15, 606
8, 776
300, 303485, 853
5,1255,2641,245
13, 756
17, 184
8,325
5, 3985, 4561,298
13,810
20, 642
9,032
6, 1035,8701, 059
12, 313
21,590
9,668ii
5,2285,2591,076
12, 731
24, 375
8, 666
5,6806, 1921,580
13, 478
25, 893
10, 148
a Revised.» Preliminary.* New series. Covers scheduled airlines operating in United States. See p. 20 of the February 1934 issue for earlier data and p. 20 of the April 1933 issue for methanol.t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of cla,ss I railways; and
p, 36 of the May 1934 issue for methanol.§ Data for 1933 revised. Total, Jan. 4,227, Apr. 4,401, May 5,208, June 5,645; foreign vessels, Apr. 2,848, May 3,321, June 3,624; United States vessels, Mar. 1,666
Apr. 1,553, 1,887, June, 2,021.
September 1934 SURVEY OF CURRENT BUSINESS 37
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April May June
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— ContinuedMethanol, wood distilled—Continued.
Refined:^Exports _ _ _ -gallons _ _Price, wholesale, N.Y dol. per gal..Prodnction* gallons. .Shipments* _ gallons.-Stocks, end of month* gallons. _
Methanol, synthetic:Production gpllop*3
Shipments gallonsStocks, end of month gallons- -
Explosives:Orders new* thous. of lb .
Sulphur and sulphuric acid:Sulphur, production (quarterly) *Jong tons--Sulphuric acid (104 plants):
Consumed in prod, of fertilizer.short tons..Price, wholesale 66°, at works
dol. per short ton--Production short tonsPurchases:
From fert'lizer infrs short tons..From others.- short tons..
Shipments:To fertilizer mfrs .. short tons. -To others short tons..
FERTILIZERConsumption. Southern States t
thous. of short tons—Exports, total t long tons .
Nitrogenous! , long tons__Phosphate materials long tonsPrepared fertilizers long tons_.
Imports total t# long tonsNitrogenous! - long tons
Nitrate of sodaj long tons. _Phosphates long tonsPotash _ - . _ long tons..
Price, nitrate of soda, 95 percent, N.Y.dol. per cwt_.
Superphosphate, bulk:Production __ __ short tons _Shipments to consumers short tons.-Stocks, end of month short tons..
NAVAL STORESPine oil:
Production gallons. .Rosin, gum:
Price, wholesale "B", N.Y dol. per bbl._Receipts, net, 3 ports bbl. (500 lb.)--Stocks, 3 ports, end of month.bbl. (5001b.)._
Rosin, wood:Production bbl. (5Q01b.)._Stocks, end of month bbl. (500 lb.)..
Turpentine, gum:Price, wholesale, N.Y do], per galReceipts, net, 3 ports bbl. (50 gal.)..Stocks, 3 ports, end of month bbl. (50 gal.)
Turpentine, wood:Production bbl. (50 gal.) —Stocks, end of month bbl. (50 gal.)-.
OILS, FATS, AND ANIMALBYPRODUCTS
Animal fats and byproducts (quarterly):Animal fats:
Consumption, factory ...thous. of lb._Production thous. of lb._Stocks, end of quarter thous. of lb
Gelatin, edible:Production thous. of lb__Stocks, end of quarter... thous. of lb._
Greases:Consumption, factory thous. of lb._Production thous. of lb_.Stocks, end of quarter thous. of lb _
Lard compounds and substitutes:Production thous. of lb_.Stocks. end of quarter thous. oflb
Fish oils (quarterly) :Consumption, factory. thous. of lb_.Production thous. of Jb_.Stocks, end of quarter thous. of lb_.
Vegetable oils and products:Vegetable oils, total:
Consumption, factory (quarterly)thous. of lb
Exports thous. of l b _ _Imports!* thous. of lb._Production (quarterly) thous. of lb_.Stocks, end of quarter:
Crude thous. of l b _ _Refined _ thous. of lb..
28, 348.38
23, 384
15.50
2683 382
4,57775 600
27369 28543, 57610, 9761,495
19, 265
1.350
261,410
5.31
37, 037105, 286
48
5,54719, 016
1,03468, 665
93, 833.37
153, 199108, 628360, 251
561 918732* 735
1 273,512
23, 834
71,951
15.5098 587
23, 82916, 147
13,25138, 885
1881,145«6, 582
"70 790°251
81 20738, 4905,3082,949
38, 053
1.315
164, 66617,515
565, 370
271, 014
5.16123, 977234, 578
41, 03381, 785
5135, 26570, 451
6,5165,673
1,74465, 624
42, 458.37
181, 62597, 697
444, 179
860 314955 301
1,178,525
25, 106
117, 728
15.50131 016
29. 10221,804
16,51141, 970
3890 4338. 628
79 428352
«102 268"34, 369
3,9434 603
°57. 049
1.295
262, 70515, 403
691,913
283, 152
4.96113, 107227, 943
42, 96157, 010
4833,23774 920
6,7795,496
444« 79, 726
36 52337
106, 49491, 462
459, 211
1 460 58°1 425 0091 214 105
25 ^07
322,011
92, 962
15. 50133 056
17, 76523, 604
31,21538, 327
86«123 287
19.834a97 479
375107 07656 6^25 2489 643
39 006
1. 295
240 24394 436
735, 567
258, 081
5.0891, 251
218 280
43, 21360, 305
4726,91179 563
6,6428,004
176 561579, 049373 655
1,3288 009
50, 66588, 52979, 633
247, 89823 648
44, 53639, 797
151,814
617 782504
« 93, 139547, 514
564, 074655, 532
55, 553.37
163 619175, 60S447, 222
1 643 04^1 739 4^8l' 124*687
25 OS4
160, 688
15.50158 406
27 12631 693
23 27636, 270
ICO116 584
9, 059102 986
763123 39070 7292Q 652
5 67744' 548
1.295
320 30774 0Q0
861, 546
274, 095
4.8590, 474
211 422
44, 82165, 957
4424, 47979 616
6,92911, 526
- -
2,23286, 451
96, 293.37
144 846193 398309, 762
1 0^9 949i 233 1QS990 738
23 256
154, 205
15.50155 407
34 58933 680
23 Q9433, 728
65117 95411,813
102 115281
°11° 527a 50 106
13' 7627 351
48 685
1.295
3^4 45720* 042
1,011,529
269, 719
4.8481, 896
209 218
43, 19771, 058
4718, 53580 383
6,88014, 078
5, 22390, 331
145 657.37
187 555166, 638330, 679
959 igs833 978
1 1 18 945
23 318
313, 283
150, 097
15.50lr>5 695
36 18123 763
26 50733, 008
190agi 35916, 82459 887
131a 124 503
aQQ 554
23 5081 829
51 600
1.295
329 78318 329
1,089,179
243, 196
4.6581, 627
210 771
40, 43373, 151
4717, 35281 269
6,91616, 433
150 0705*4 471362 129
3,6028 594
50. 74485, 80197, 313
238, 33627 301
36 09243 936
157, 423
789 3112,578
55, 176812, 514
757, 523801. 835
106 358.38
28 504
161, 500
15.50143 811
32 31229 470
26 66427, 163
35860 39010, 22748 304
11140 32795' 50933 6903 521
37' 242
1.350
328 34540 552
1,130,174
305, 445
4.6639, 219
171 263
46, 85083,007
524,985
68 786
7,97018, 020
4,26991, 959
101 484.38
°5 584
149, 236
15.50130 615
20 15127 300
21 24222, 793
499109 93814, 24091 63°
52121 84570 73917 3432 309
47* 293
1.350
295 33459, 466
1,124,243
306, 375
5.3832, 640
152 569
46, 01686, 492
622,639
54 138
7,89217,859
2,52466, 010
135, 279.38
27 725
291, 366
133, 983
15. 50132 549
16 94527, 768
23 73334, 167
1,234118 69237, 43875 950
'289206 781147 72274 5842 267
55 344
1.350
285 762161,372976, 775
293, 589
5.4459, 443
142, 574
43, 75389, 963
598,721
46 010
7,27919, 253
177, 809692, 340417 599
4,8869 561
64,94088, 15484, 600
240, 73926 599
38 16633, 158
158, 396
829 2292, 138
51, 535640, 075
716 692870. 068
57, 259.38
26, 958
107, 842
15.50HQ 619
12, 15822, 721
21, 92630, 240
76498 29418, 04374 287
208178 430133 70680 466
4 15835* 845
1.350
232 936209 026806, 914
305, 273
5.5669, 496
156 447
45, 45490, 329
5917,31546 465
7,72920,289
1,77370, 163
38, 556.38
24 231
83, 969
15. 50107 568
a5, 73518, 793
14,31225, 894
157113 752
2,646106 354
426103 72371 05739, 3215 847
17, 310
1,350
168 50985, 508
820, 086
293, 807
5.4997, 905
161, 001
43, 24398, 080
5624, 65842 570
7,05020, 689
......
92356, 668
52, 612.38
24,812
289, 089
80, 214
15.5092 894
3,44126, 577
10, 24225, 783
51105 285
5, 06496 262
16466 70744 16410 5641 910
13, 355
1,350
153, 23621, 463
839, 680
266, 020
5.46102, 417171, 805
38, 55498,558
5127, 61447 692
6,39319, 515
190, 774545, 950444 620
3,5858,908
64, 72290, 17575, 652
218, 11425 133
43, 1049,136
161,411
652 5441, 094
59, 694361, 986
530 959797, 171
a Revised.* New series. For earlier data see p. 20 of the April 1933 issue (inethanol) and p. 19 of January 1934 issue (explosives).
table oils; for 1933 revisions for months not shown on exports see p. 20 of this issue.• Texas only. Louisiana produced 23 percent of U.S. production in 1933.
!zer and imports of vege-
38 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934 1934
July Julyy August Septem-ber October Novem-
berDtr- h™ Febru-
ary March April May June
CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND ANIMALBYPRODUCTS— Continued
Vegetable oils and products— Continued.Copra and coconut oils:
Copra:Consumption factory (qunr ) short tonsImports # short tons. _Stocks, end of quarter __ short tons__
Coconut or copra oil:Consumption, factory:
Crude (quarterly) thous. of IbRefined total (quarterly) thous of Ib
In oleomargarine thous. of lb._Imnorts # thous. of lb._Production (quarterly):
Crude thous. of lb__Refined _ thous. of lb._
Stocks, end of quarter:Crude - -thous. of Ib—Refined thous. of lb._
Cottonseed and products: tCottonseed: f
Consumption (crush) short tons__Receipts at mills _ - -.short tons__Stocks at mills, end of month.short tons..
Cottonseed cake and meal: fExDorts t -- short tons..Production short tons..Stocks at mills, end of month.short tons..
Cottonseed oil, crude: tProduction thous. of lb._Stocks, end of month thous. of l b _ _
Cottonseed oil, refined:Consumption, factory (quarterly)
thous. of l b _ _In oleomargarine thous. of lb._Price, summer yellow, prime, N.Y.
dol. per l b _ _Production f thous. of lb._Stocks, end of month f thous. of lb__
Flaxseed and products:Flaxseed:
Imports, United States #... thous. of bu_.Minneapolis and Duluth:
Receipts thous. of bu._Shipments thous. of bu._Stocks, end of month thous. of bu_.
Oil mills:Consumption, quarterly thous. of bu__Stocks end cf quarter thous. of b u _ _
Price, no. 1, Minn dol. per bu_.Production crop estimate thous. of b u _ _Stocks, Argentina, end of month
thous. of bu_-Linseed cake and meal:
Exports thous. of lb._Snipinents from Minneapolis
thous. of Ib _Linseed oil:
Consumption, factory (quarterly)thous. of lb_-
Price, wholesale, N.Y dol. perlb..Production (quarterly) thous. of lb._Shipnients from Minneap thous. of lb.Stocks at factory, end of quarter
thous. of lb.Lard compound:
Price, tierces, Chicago* dol. per lb._Oleomargarine:
Consumption (tax-paid withdrawals)thous. of Ib..
Price, standard, uncolored, Chicagodol. per Ib..
Production _ ...thous. of lb._PAINTS
Paints, varnish, and lacquer products :§Total sales (588 estab.).__ thous. of dol. _
Classified (315 estab.) thous. of dol—Industrial -thous. of dol..Trade thous. of dol—
Unclassified (273 estab.) thous. of doL-Plastic, cold-water paints, and calcimines:
Sales:Calcimines dollarsPlastic paints - - dollars. .Cold-water paints dollars. .
CELLULOSE PLASTIC PRODUCTSNitro-cellulose:*
Sheets, rods, and tubes:Production thous. of IbShipments . thous. of lb..
C ellulose-acet ate : *Sheets, rods, and tubes:
Production thous. of IbShipments thous. of Ib—
37, 352
6,31535, 742
96, 16740, 330
224, 639
9144, 129
128, 379
32, 79535, 549
4,150
.05942, 204
655, 584
821
1.90/ 5, 252
3, 150
33, 441
.098
.078
15, 847
.08016, 363
211,78221,33063, 442
715748
317264
46, 58 1
10, 75013, 026
"157, 624« 60, 939"220, 938
9610 71, 629"160, 8740 49, 630-51,269
1,274
.064a 58, 050
"676, 332
1,391
244254875
2.05
4, 724
38, 3S2
8,651
.108
5,861
.083
18, 929
.09518, 406
22, 09015, 0336,4068,6277,057
161,415109, 26661, 443
1,2281,119
192222
31, 783
12, 65922, 727
233, 223232, 646220, 306
2,231106, 632178, 853
70, 87858, 826
1,332
.05258, 090
640, 607
a 1,805
1, 123158
1,117
1.88
2,939
53, 686
6, 199
.105
4,864
.079
19, 227
.09520, 859
20, 62114, 1636,3237,8406,457
143, 483104, 37663, 572
1,5851,551
230232
76, 80524, 98344, 537
161, 82981 49813, 251
a 33, 887
96, 52679, 931
132, 53016, 400
522, 590891, 359589, 130
8, 936232, 851258, 257
159, 454119,580
263, 3711,489
.04777 593
622. 799
1,981
1,568171
1, 834
6,0742, 8591.88
2, 362
52, 431
6, 508
70, 824.104
113,4135,351
99, 632
.068
23, 446
.09521, 553
19, 09813, 0075,5457,4626,091
174, 79379, 68156, 844
1,5981,450
214230
32, 530
14, 68738, 203
646, 5321,130,4741,073,072
16, 494289, 617313, 114
201, 648145, 196
1,777
.042156, 657676, 537
2,515
524645
1,452
1.80
1,772
56, 544
8,938
.097
2, 436
.069
22, 417
.09423, 664
18, 94412, 3264,9507,3766,618
154, 52162, 42966, 913
1,3871,277
207218
36, 312
14, 30740, 668
576 957846, 525
1,324,640
10, 119258, 955315, 070
179, 866159, 877
1,938
.045151 963723, 138
1,898
288629984
1.77
1,575
61, 009
7,405
.096
1 400
.074
23, 597
.07823, 943
16, 23111, 2234,6566,5665,012
119, 73384, 65563, 942
9091,026
258279
77 94430, 18259, 831
133 93483 00413, 02815, 971
98, 57973, 395
182, 82215, 562
446 204404, 006
1,300,442
14, 130207 711312,096
137, 987168, 850
252 8271,785
.043122 4^6769, 235
484
14891
1,039
6 7602 7131.77
« 6 806
2,362
56, 069
8 228
55 778.095
133 906997
157, 724
.066
23, 809
.07021, 386
16, 15610, 5764,4186,1585,580
137, 96479, 79269, 745
7981,221
325352
23, 786
10, 55846, 296
471, 078191, 428
1,020,792
14,625211, 110289, 538
145, 587188, 908
1,536
.047110 950780, 992
1,031
25081
964
1.90
4,331
43, 239
10, 760
. 093
1,679
.068
16, 861
.07017, 870
20, 64413, 4866,0157,4717,158
134, 41861, 44654, 049
948930
358377
18, 079
12, 74535,816
440 480162, 454742, 249
5,305199, 972279, 103
136, 564173, 761
1,889
.051132, 791811,464
1, 524
11836
Q83
1.89
6,299
37, 766
10, 025
.093
2,337
.073
21, 350
.07021, 572
17, 71511,8955,6396,2565,820
118,81149, 43750, 452
1,1521,046
436418
74 69721, 69849, 190
178 3S978 ?9013, 59922 079
95 0^276, 143
192, 80314,792
346, 330107, 802503, 721
380163, 828264, 299
112,547146, 569
248, 4122,158
.051126 978838, 547
1,690
15558
981
5, 1562,051
1.82
7,283
33, 080
63,712. 093
97, 452
160, 791
.074
22, 083
.08023, 616
23, 19315, 6107,1058,5057,583
140, 74345, 13669, 406
1, 4351,252
405351
12, 037
10, 55930 533
170 58840 744
373, 877
20380 814
252, 014
58, 201109, 290
2 073
.05295 850
844, 033
1,144
139208793
1.82
6,693
38, 136
.093
.073
16, 146
.07318, 023
27, 76918, 4367,590
10, 8469,333
271 92944 70670 783
1 3841,085
510558
24,519
9,39624, 614
110,31255, 365
318, 930
7850, 880
219, 748
38, 67676, 077
3,369
.05063 892
805, 216
1,637
322169696
1.91
5, 118
31,739
.097
.073
20, 063
.07018, 266
33, 67922, 1728,092
14, 08011, 507
"322, 5830 39,825a 93, 204
9731,069
512556
65 43920 59935 386
177 23672 0484,542
29 047
84 29197 301
174 15439 888
QO 59752 143
280, 476
36641 800
176, 178
27, 58645, 045
257 5973 718
. 05355 826
740, 721
806998113646
5 0161 4211.91
4,724
34, 328
78 189.099
98 026
128,413
.074
13, 870
.07813, 986
28, 79418, 9447,630
11,3149,851
r77 5i725 73277, 454
778946
302300
° Revised.* For earlier data on lard compound price see p. 18 of the January 1933 issue. Data not available for cellulose products prior to January 1933.t Revised series. For year ended July 1932 see p. 20 of the February 1933 issue, cottonseed, and for the year of 1932 see p. 37 of the June 1933 iss
fcake and meal. Data revised for 1933 for months not shown above, see p. 19 of this issue.§ Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting.• Dec. 1 estimate.# See footnote on p. 35 of this issue. Data revised for 1933 revisions for months not shown above will appear in a subsequent issue./ August 1 estimate.
issue, exports of cottonseed
September 1934 SURVEY OF CURRENT BUSINESS 39
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934 |
July July August Septem-ber
1933
October N°bve8rm- Decem-
ber January F*r March
1934
April May June
CHEMICALS AND ALLIED PRODUCTS—Continued
ROOFINGDry roofing felt:
Production _ _ _ _ short tons _Stocks, end of month short tons..
Prepared roofing, shipments:Total thous. squares ,
Grit roll thous squaresShingles (all types).. _ thous. squares..Smooth roll thous. squares..
20, 3133,908
2,700662617
1,421
17, 4577,110
1,774487465822
12, 4345, 989
2, 078491437
1, 147
14, 3224,341
2,582555480
1,547
10, 8194,499
1,561329342890
7,3525,003
830168157505
8,8688,037
1,046215144688
7,7226,647
1, 006223178605
13,8176,350
2,161420412
1,329
19,8165,072
2,873536727
1, 610
10,9454. 077
2,334587656
1,091
17, 0216, 324
1, 265326383551
ELECTRIC POWER AND GAS
ELECTRIC POWER
^nsumption, industrial, for power purposes.(See Business Indexes.)
'uel consumed in production of electricalenergy. (See Fuels.)
'reduction, totalf mills, of kw.-hr..By source:
Fuelsf mills, of kw.-hr_.Water powert .. _ mills, of kw.-hr
By type of producer:Central stationsf mills of kw.-hrStreet railways, manufacturing plants, etc.
mills, of kw.-hrales of electrical energy:Sales to ultimate consumers, total (Edison
Elec. Inst.) _ _ __ mills, of kw.-hrDomestic service mills, of kw.-hr..Commercial — retail . mills, of kw.-hrCommercial— wholesale ..mills, of kw.-hr._Municipal and street lighting
mills, of kw.-hr.Railroads:
Electrified steam mills, of kw.-hrStreet and interurban. .mills, of kw.-hr_.
Gross revenue from sales of energy (ElectricalWorld) thous of dol
Revenues from ultimate consumers (EdisonElec. Inst.) thous. of dol. .
GASManufactured gas:*fCustomers, total _ ._ thousands
Domestic thousandsHouse heating thousands..Industrial and commercial thousands. _
Sales to consumers millions of cu. f t ._Domestic millions of cu. ftHouse heating.. millions of cu. it--Industrial and commercial
millions of cu ftRevenue from sales to consumers
^hous. of dol .Domestic thous. of doL.House heating.. .. .thous. of dol .Industrial and commercial. .thous. of dol_.
•Jatural gas:*fCustomers, total thousands..
Domestic— _ thousands .Industrial and commercial thousands
Sales to consumers millions of cu. ftDomestic millions of cu. ftIndustrial and commercial
millions of cu. ftRevenues, from sales to consumers
thous. of doL.Domestic thous. of dol._Industrial and commercial _ . thous. of dol.
7,491
4,6602,831
7,036
455
5,760867
1,0133,310
150
56302
154 860
143, 212
9,8099 321
44437
24, 81018, 449
206
6 023
28, 42923, 117
1855,027
5,2474,977
26852, 69611, 228
40, 920
17, 3139,8617,359
7,688
4,7662,922
7,215
473
5,872864
1,0143,401
166
56309
154, 930
143, 442
9,8199,329
44438
24, 40718, 030
176
6 067
27, 76422, 487
1625,016
5,2745, 008
26552, 37410 296
41, 432
16, 9359,3377,495
7, 350
4, 4402,909
6,911
439
5, 830940
1,0413,254
176
55304
160 080
146, 688
9, 8669 372
48436
26, 20019, 882
244
5, 930
30, 04824, 688
2175, 028
5, 3315, 063
26756, 39911,869
43, 688
18, 21610, 2887,804
7,479
4,8542,625
7,026
453
5,7801,0031,0683,068
191
58332
183, 940
150, 390
9,9029,387
68438
28, 21421,017
836
6 179
31, 70525, 716
6215,241
5, 3875,109
27661, 67915 135
45, SS2
20, 87412, 2968,467
7,243
4,7252,518
6,788
455
5,7161,0811,1022,862
197
59353
165 890
153, 980
9,8809, 355
78437
29, 38220, 2542,484
6,443
31,96124, 709
1,6445,476
5,4635, 164
29874, 39323 838
49, 753
25, 91116, 4349, 335
7,470
4,7362,734
6,990
480
5,6911,1471,1382,662
212
63387
169, 540
156, 127
9,8569,328
81438
31, 05420, 5773,659
6,636
32, 93824, 8772,3465,577
5,4455,145
29980, 30031,406
47, 761
29, 86520, 2719,398
7,631
4,6622, 970
7,147
4S4
5,9111,2441,1622,748
222
62396
162, 070
9,8599,320
89441
33, 14321,4174,562
6 945
34, 52725, 7272,8955,757
5,4835,175
30693, 22239 238
53, 080
35, 40624, 85010, 388
7,049
4, 7512,298
6,571
478
5, 7661, 1231,0852,831
202
62388
154, 832
9, 8769,335
91441
33, 42520, 9054,833
7,481
34,24225, 1283, 0195, 950
5, 5005, 191
30794, 34938, 402
54, 836
34,81523, 81410, 812
7,717
4, 6423, 075
7, 263
454
5,7961,0561,0462,971
191
66413
149, 780
9, 8619,318
88445
33, 84121,2014, 592
7,848
34, 48125, 3942,8516, 094
5,5045, 193
30992, 17737, 879
52, 898
34, 08523, 38210, 498
« 7, 443
3,9553,488
a 6, 981
462
5,8421,0261, 0593,119
176
59356
149, 852
9,9119,364
93443
31, 88620, 4843,348
7,872
32, 86924, 6842,1525,900
5, 4925, 189
30183, 07329, 756
52, 340
29, 41819, 2549,996
« 7, 681
o 4, 403"3,218
o 7, 193
488
5,917967
1 , 0353, 293
168
57349
147,915
9,9719 4?5
95440
30. 14920, 871
1, 660
7 460
32,31325, 224
1,2985,669
5, 4785, 184
29272,12721, 143
50 143
24, 17014, 7999, 236
7,453
4,7452,708
7,021
432
5, 882973
1,0493,273
144
55338
147, 337
10, 0049 461
91441
28, 65720, 441
670
7,404
31,35125, 162
5405,549
5,4845,199
28366, 50915, 106
50, 523
21,02011,8519,035
FOODSTUFFS AND TOBACCO
BEVERAGESFermented malt liquors:*
Consumption (tax-paid withdrawals) !thous. of bbl 2,816 I 2,953 2,669 2,039 1,678 2,165 2,008 1,865 2,625 2,885 3,796 *>3,702
Production ....thous. of bbl 3,519 3,488 2,875 2,292 1,918 2,119 2,494 2,422 3,263 3,703 4,455 J>3,903Stocks, end of month thous. of bbl 3,839 4,240 4,341 4,460 4,585 4,403 4,762 5,218 5,675 6,325 6,718
Distilled spirits:*Consumption (tax-paid withdrawals)
thous. of proof gal 461 517 471 517 1,269 4,337 3,418 2,281 2,780 2,405 2,381Whisky thous. of proof gal 243 230 256 159 965 3,753 2,828 1,893 2,376 2,124 2,097
Production, total thous. of proof gal 2,311 2,311 2,311 2,311 2,311 5,769 7,345 7,970 10,281 9,635 9,331Whisky thous. of proof gal 2,074 2,074 2,074 2,074 2,074 4,794 6,567 7,211 9,009 8,828 8,695
Stocks, end of month thous. of proof gal 21,258 21,714 23,168 25,464 27,582 | 28,695 32,280 37,992 45,766 51,404 58,137Whisky thous. of proof gal 18,825 19,122 20,472 22,695 24,917 | 25,850 29,269 34,496 41,326 46,386 52,859
DAIRY PRODUCTSButter:
Consumption, apparent*. .thous. of lb_. 133,067 «131t 680 | 142,668 139,403 143,939 134,709 I 138,550 147,530 145,476 144,107 136,671 159,369 138,657Price, N.Y., wholesale (92 score).dol. per lb._ .24 .25 | .21 .24 .24 .24 .20 .20 .25 .25 .24 .24 .25Production (factory)f thous. of lb ._ 171,682 a!76,222 166,884 138,801 129,689 112,413 111,763 112,430 106,448 122,746 133,218 174,692 181,759Receipts, 5 markets thous. of l b _ _ 61,251 64,057 63,877 54,844 50,801 47,955 49,226 45,882 40,888 50,520 47,206 61,499 63,812Stocks, cold storage, creamery, end of month
thous. of Ib.-l 108. 742 150,934 ! 175, 476 1 174, 713 1 160,463 138,1661111,249 75,995, 36,853 15,351 11,838) 27,161 a 70,148a Revised. p Preliminary.* New series. For earlier data see p. 19 of the May 1933 issue, manufactured gas, and p. 19 of the June 1933 issue, butter consumption. Monthly data on distilled
spirits available beginning July 1933 and on fermented malt liquors, April 1933.f For revised data for electric-power production for 1932, see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; for manufactured gas for 1932
and 1933 and natural gas for 1931, 1932, and 1933, see p. 20 of the May 1934 issue; for butter production for 1931 see p. 20 of the January 1933 issue.
40 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July July
1933
August Septem- October Novem-ber
Decem-ber January
1934
Febru-ary March April May June
FOODSTUFFS AND TOBACCO—Continued
DAIRY PRODUCTS— ContinuedCheese:
Consumption, apparent! thous. of lb—Imports^ thous. of lb—Price, No. 1 Amer. N.Y dol. per lb—Production (factory) t thous. of lb—
American whole inilkf- thous. of lb .Receipts, 5 markets _ thous. of lb—Stocks, cold storage, end of monthf
thous. of lb—American whole inilkf thous. of lb—
Milk:Condensed and evaporated:
Production:!Condensed (sweetened) thous. of lb—Evaporated (unsweet'ed)§— thous. of lb—
Exports:Condensed (sweetened) thous. of lb—Evaporated (unsweetened). thous. of lb—
Prices, wholesale, N.Y.:Condensed (sweetened) --.dol. per case--Evaporated (unsweet'ed)-.dol. per case--
Stocks, manufacturers, end of month:Condensed (sweetened):
Bulk goods thous. of lb—Case goods - -thous. of lb—
Evaporated (unsweetened):Case goods thous, of lb—
Fluid milfcfConsumption in oleomargarine
thous. of lb--Production, Minn, and St. Paul
thous. of lb—Receipts:
Boston, incl. cream thous. of qt—Greater New York *. - ——-thous. of qt--
Powdered milk:Exports thous. of lb—Orders net new thous. of ib-Stocks,' mfrs. end of nio thous. of lb—
FRUITS AND VEGETABLESApples:
Production, crop estimate tnous. of bu—Shipments, car lotf carloads.-Stocks, cold storage, end of month
thous • of bbl__Citrus fruit, car-lot shipments! carloads—Onions, car-lot shipments! carloads—Potatoes:
Price white N Y doi per 100 lbProduction, crop estimate thous. of bu . _Shipment"* car lott carloads
GRAINSExports, principal grains, including flour and
meal! - thous. of bu—Barley:
Exports, including malt! thous. of bu._Price, no. 2, Minn dol. per bu—
Receipts, principal markets*— -thous. of bu_.Visible supply, end of month. -thous. of bii__
Corn:Exports, including meal! thous. of bu--Grindings thous. of bu--Prices, wholesale:
No. 3, yellow (Kansas City)— dol. per bii-_No. 3, white (Chicago) dol. per bii-_
Production, crop estimate tnous. of bu__Receipts, principal markets thous. of bu_-Shipments, principal markets --thous. of bu..Visible supply, end of month. -thous. of bu—
Oats:Exports, including oatmeal!--- thous. of bu._Price, no. 3, white (Chicago) dol. per bu-_Production, crop estimate thous. of bu_.Receipts, principal markets thous. of bu..Visible supply, end of month. -thous. of bu..
Exports! pockets 100 Ib—Imports* pockets 100 lb-Price, wholesale, head, clean, New Orleans
dol. per lb--Production, crop estimate thous. of bu—Receipts, southern paddy, at mills
thous. of bbl. (162 Ib.)-Shipments to mills, total
thous. of pockets (100 lb.)~New Orleans— thous. of pockets (lOOlb.)..
Stocks, domestic, end of monththous. of pockets (100 lb.)..
46, 9323,213
.1362, 68249, 10616, 487
115,81097, 002
16, 997190, 089
iI
a 49, 0683, 440' . 15
« 61, 373a 4g) 157
16^ 923
94, 29182, 771
14, 805179, 668
1,261 I 3303,278| 3,305
4. 85 J 4. 732. 70 2. 63
9, 23817, 156
203, 885
3, 900
31,899
20913, 00842, 717
/ 1 nfi 90*^; I00,ouo1,145
8,1281,303
1.20/ 327,251
18, 748
759
165
•^119 0813/5096,946
5185, 721
0).66
f \ 607 10826, 56813, 61044, 830
76.45
/ 545,3453,388
21, 445
75, 29658, 464
.039/ 35 QQg
153
48371
1,267
11,43716, 932
131,980
4, 426
29, 395
19, 235110, 659
205
is] 303
1, 535
7,8691,156
2.371
12,017
« 2, 969
836.64
6,28011, 633
5816,511
.52
.57
46, 22323, 59463, 456
155.39
16, 54234, 598
163, 34820, 345
.029
: 112
55450
937
39, 2123, 100' .14
49, 92739, 65112,' 656
108, 03594, 394
15, 704149, 757
3422. 394
4.732.70
11, 18616, 428
177, 536
5, 044
25, 984
19, 382111,747
192H 77Q, / to13,140
1,597
6,4151,871
2.305
10, 795
« 2, 831
437.58
5,71914, 069
4386,005
.50
.53
13, 54314, 65957. 747
«232.36
_ _ _ -19, 97844, 746
73, 07730, 368
.031
171
43187
671
41, 3052 730'.13
43, 29133, 89712, 170
113, 13199, 326
18, 201128, 079
3122,885
4.732.70
10, 36414, 683
208, 493
5,220
22, 812
18, 243107, 756
184n 071
l!>! 294
6,530
1,7496, 9043,407
2.080
17, 478
• 2, 605
411.69
6,68714, 830
4824,645
.44
.48
21, 33310, 67559, 670
-178.35
8,81549, 367
26, 98723, 034
.034
1,067
60592
1,157
44, 7703 830'.13
36, 49428, 00612, 709
109, 65595, 831
39, 9784, 988'.13
24, 41018, 02710, 771
99, 00985, 146
19, 232 13, 766109,754 I 73,039
3221,927
4.732.70
10, 52313, 198
234, 665
5, 344
25, 074
18,617111, 298
215in -i CMiu, io^t20, 332
16, 509
7,5158,2923,328
2.017
21,902
« 2, 169
283.67
4,31515, 692
5, 761
.38
.42
26, 61017,88761, 462
105.32
5,05448, 642
78, 29615, 169
.036
2.094
a 251a 1, 843
4.732.70
9,81310, 783
225, 040
5,765
26, 300
17, 604104, 901
1969 51^
22^716
9, 170
8,37610, 8222,018
1.965
13, 685
4,609
1,314.63
2,97415, 665
1,2838,694
.43
.44
"~21~840~13, 72964, 045
82.34
47^ 818
79, 288a 27, 494
.038
1,100
965 77347
2,373
96
2,767
37, 1824 524'.13
25, 74219 23410 747
91,97077, 773
14, 70884, 972
286« 2, 800
4.732.70
9.6649,137
210, 407
5,106
31, 349
16,713106, 185
162
30,' 100
«142,9816, 856
7,13513, 6042,195
1.997e320, 353
12, 247
« 6, 657
151.68
«156 9882,825
14, 635
4083,924
.43
.47«2, 343,883
16. 6227,921
69, 334
123.35
'731,5243,390
46, 503
96, 09722, 861
.039*35 619
426
57328
2,648
44, 2842 823
1328, 4361Q Q21
13, 788
78, 78965, 476
15, 83699, 073
44, 3713 902'. 17
28, 96221 53612 366
67, 81954, 934
13, 015100, 272
476 2533,545
4.852.70
7,6576,394
167, 074
4,313
35, 021
17,328104, 575
3519, 732
29, 372
6,806
5,47414, 4092,605
2.195
21, 748
5,325
514.71
4,41114, 102
1674,163
.45
.50
15, 0528,688
68, 067
74.37__ _ _ _ _ _
3,93844, 696
104, 95115, 338
.039
721
91067
2,488
2,597
4.852.70
5, 9434,774
112, 936
5,041
33,813
16, 25096, 427
13010, 57724, 920
4,722
3,85811,7412,125
2.506
17, 158
4,854
502.71
3,02613, 362
2444,797
.45
.49
14, 4586,812
68, 384
69.30
4,02942, 307
87, 63922, 150
.039
932
85363
2,632
47, 8334 7^7't, tut
. 1537, oilog 2349 938
62, 15349, 856
16, 989131, 719
45, 459q (\^p.o, O/ D
. 1344, 897V3 7QSCo, /CO
10 553
65, 45052, 217
20, 532152, 401
201 5973, 421 4, 053
4.852.70
4,9184,875
99, 176
5, 682
38, 665
18, 216107, 667
316
25,' 006
4,367
2,13115, 7851,971
2.388
23, 634
5,757
690.70
3,57412, 207
2475,737
.45
.51
12, 8009,017
65, 682
84.33
3,05038,011
142, 50435, 581
.039
496
74664
2,439
4. 852.70
4,9375,924
117,115
4,225
59, 854
' . 1461, 75447 56315 029
71, 46958, 073
24, 907188, 688
5441,615
4.852.70
8,4589,239
151, 691
4. 168
36, 732
17, 758103, 395
01 fG.LU10, 92327, 648
2,254
1,05513, 0392,933
2,013
19, 763
6,220
425.68
2,67810,911
2094,690
0).49
8,6329,471
57, 396
95.32
2, 73632, 902
58, 65644, 493
.039
191
43652
2,215
37, £08
18. 7fi3111,196
F22512 67035,' 003
1,387
39212, 3033, 031
1,762
21, 467
5,182
408.72
3,5029,301
3715,271
0).55
8,07215, 87746, 808
68.35
5,00226, 205
41, 267a 52, 973
.039
191
41757
1,896
45, 3523 DQ7, oy/
. 1566, 545i>3, ^2214 392
« 96, 960« 79, 925
22, 103210, 750
1,2762,562
4.852.70
« 10, 10513,912
153, 149
3,461
35, 202
19, 168110, 931
309° 14, 691
40, 315
756
10, 1402,872
1,541
25, 687
1,884
139.85
3,8138,317
2486,738
.57
. 62
9,57911,35338, 518
81.43
22, 524
89, 19759, 149
.039
183
52535
1,575
* Revised. • Dec. 1 estimate. / Aug. 1 estimate.* New series. For earlier data see p. 20 of the November 1932 issue, barley, receipts of milk in Greater New York, p. 20 of the August 1934 issue.f Revised series. For revisions refer to the indicated pages of the monthly issue?, as follows: For 1931 on apparent consumption of cheese, production of total and
American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and Americanwhole-milk cheese, p. 19, April 1933. For 1932 data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39, Sep-tember 1933. For subsequent revisions for 1932 on production of evaporated milk. p. 39, November 1933 For 1933. car-lot shipments of apples, citrus fruits, onions, andpotatoes, p. 39, April 1934. For 1932 exports of rice, p. 39, June 1933. Revised figures on 1933 exports of grains (total), barley, corn and rice for months not shown aboveare on p. 20 of this issue.
# See footnote on p. 35 of this issue. Data for 1933 also revised, revisions for months not shown above will appear in a subsequent issue.§ Bulk evaporated rnilk not included since December 1931.i Quotation not available.
September 1934 SURVEY OF CURRENT BUSINESS 41
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may he foundin the 1932 Annual Supplement to the Survey
1934
July
1933
1July ! August Septem- October Novem-
berDecem-
ber
1934
January| FJ™' March I April May June
FOODSTUFFS AND TOBACCO—Continued
GBAINS— ContinuedRye:
Exports, including flour thous. ofbu..Price, no. 2, Minneapolis dol..perbu_.Production, crop estimate thous of buReceipts, principal markets*... thous. of bu._Visible supply, end of month*_thous. of bu._
Wheat:Exportsrf
Wheat, including flour thous. of bu—Wheat only thous. of bu_.Value, wheat and flour. (See Foreign
Trade.)Prices, wholesale:
No. 1, Northern, Spring, Minn,dol. per bu._
No. 2, Red, Winter, St. Louis-.dol. per bu_.No. 2, Hard, Winter, K.C._..dol. per bu~Weighted average 6 markets, all grades
dol. per bu._Production, crop estimate, total
thous. of bu_.Spring wheat thous. of buWinter wheat _ _ _thous. of bu-.
Receipts .. thous. of buShipments thous of buStocks, visible supply, world thous. of bu_.
Canada__. _ . thous. of buUnited States thous of bu
Stocks, held by mills (quarterly)thous. of bu
Wheat flour:Consumption (computed)t thous. of bbL.Exports thous. of bbL.Grinding of wheat. _. thous. of buPrices, wholesale:
Standard Patents, Minn dol. per bbl—Winter, straights, Kansas City
dol. per bbl.-Production:
Flour, actual (Census) thous. of bbl--Flour prorated, total (Russell's) t
thous. of bblOffal thous. oflb-Operations, percent of total capacity
Stocks, total, end of month (computed)thous. of bbL .
Held by mills (quarterly)... thous. of bbl
LIVESTOCK AND MEATS
Total meats:Consumption, apparent mills, oflb—Production (inspected slaughter)
mills, of IbStocks, cold storage, end of month, total
mills, of lb..Miscellaneous meats mills, of Ib
Cattle and beef:Beef and veal:
Consumption, apparent thous. of IbExportsf thous oflbPrice, wholesale:
Beef, fresh native steers, Chicagodol. per lb._
Production, inspected slaughterthous. oflb
Stocks, cold storage, end of monththous. of Ib—
Cattle and calves:Movement, primary markets:
Receipts --thous of animalsSlaughter, local thous of animalsSlaughter, inspected. (See Leather and
leather products.)Shipments, total thous. of animals—
Stocker and feeder. .thous. of animals-Price, wholesale, cattle, corn fed, Chicago
dol. per 100 lb-Hogs and products:
Hogs:Movement, primary markets:
Receipts thous of animalsSlaughter, local thous. of animals. -Slaughter, inspected. (See Leather
and leather products.)Shipments, total thous. of animals..Stocker and feeder thous. of animals..
Price, heavy, Chicago dol. per lOOlb..Pork, including lard:
Consumption, apparent thous. of lb._Exports, totalf thous. oflb—
Lardf _ thous. oflbPrices:
Hams, smoked, Chicago dol. per lb.Lard:
Prune contract, N.Y dol. per Ib-Refined, Chicago* dol. perlb-
0.74
f 17, 2612,246
12, 208
2,168826
1.10.92.93
.95
/490, 960/ 90, 438'400, 522
49, 70816 831
185, 123117 973
286
7.18
6.01
99579
2 250
.114
61, 375
2 9851 672
1,231470
8.40
2 5191,777
73246
4.85
51, 24333 466
.171
.072
.081
6.83
1,68911, 273
1,39129
1.081.01.98
1.00
37, 17217, 527
459, 660193, 879135, 493
10, 322290
38, 288
7.55
6.11
8,275
9,375680, 822
53
4,463
1,051
1,185
1,14675
423, 1741,344
.094
426, 689
41,823
1 456953
460« 110
6.60
2 8712,136
73655
4.56
576, 46751, 11236, 200
.135
.073
.074
a 3.72
1,21811, 998
« 1, 72121
.94
.92
.90
.92
26, 74813, 729
482, 600191, 545149, 732
7,127362
30, 866
7.14
6.05
6,719
7,956548, 544
40
4,960
1,159
1,164
1,10473
473, 2571,689
.098
475, 679
48,446
1,6691 068
603213
6.32
3 9242,957
856-423.94
628, 78649, 24035, 714
.132
.060
.068
3.71
1,70412,968
1,53143
.90
.89
.87
.89
22,60413 568
515, 950213, 356153 438
173, 884
8,063317
34, 473
6.93
5.93
7,540
8,769609, 599
46
5,3503,825
1,163
1,066
94065
465 1551 859
.094
466,068
51, 198
1 6531 004
638261
6.23
6 4945,552
1,03237
4.04
637, 56561, 15748 743
.124
.060
.067
«3.62
66813,158
0 1, 49024
.85
.86
.83
.84
17, 62417 473
516, 580244, 965149, 719
8,749312
37, 371
6.75
5.50
8,181
9,171656, 225
50
5,460
1,205
1,077
73050
489, 5011 060
.096
494, 763
59, 233
2 1781 160
971528
6.77
2 5211,699
81333
4.49
652, 09761, 86449 812
.122
.057
.069
0.62
1,50114, 153
1,930513
.86
.90
.84
.87
11,61215 551
501, 060242, 478138 505
8,848302
37 067
6.90
6.60
8,116
9,158653, 267
52
5,500
1,160
1,251
77354
436 960a 1 (J78
.090
445, 009
70, 010
1 699993
731381
5.26
3 2072,382
82828
4.15
670, 86663, 70547 563
.127
.059
.071
0.60
• 21, 236430
13, 735
« 5, 975« 4, 152
.83
.87
.80
.83
•527, 978•176, 370•351, 608
11 15111 685
532, 920241, 084129 574
153, 635
8,607388
33 492
6.65
5.40
7,332
8,062589, 978
47
4,5674 634
1,038
1,231
91165
415 5161 924
.082
423, 351
79, 232
1 343854
491176
5.32
3 3322,406
92929
3.31
567, 71767, 453
a 54 838
.119
.051
.059
0.64
40212, 936
4,5702,867
.88
.91
.84
.88
8 7478 921
582, 140233 368113 671
8,759362
39 903
6.84
5.63
8,719
9 564706, 100
54
5,010
1,272
1 465
1,04871
499 2921 389
.089
492, 762
72,948
1 6431 098
527165
5.55
4 2313,010
1,20741
3.38
715, 88062, 61751 202
.118
.057
.062
0.61
23612, 032
4,0392,667
.90
.91
.85
.91
10 0098 087
558, 440227 060104 554
8,633292
36 029
6.83
5.55
7,867
8 677639, 724
55
4,761
1,000
1 052
1,04366
438 8081 778
.090
431 000
64, 745
1 404952
437121
5.83
2 7271,853
87334
4.27
512 27560,71536 908
.120
.066
.071
3.59
18111, 621
4,7333,065
.88
.89
.82
.88
9,06410, 231
532, 980220, 75994, 504
115,247
9,171355
38,320
6.64
5.40
8,362
9,465674, 587
53
4,7004,157
1,052
1,015
94556
463 9462 670
.092
454 655
55,848
1 500999
495138
6.51
9 <lfi81,679
80137
4.33
536 04452, 11439 493
.136
.067
.077
9.57
25111,002
5,4823,576
.83
.83
.78
.83
8,4086 492
495, 150211,09186 856
7,963406
34 187
6.34
5.28
7,455
8 298607, 078
48
4,764
1,015
1 057
93552
448 9262 063
.099
437 914
46,590
1 5921 04^
518147
7.44
9 A74.
1,883
78128
3.87
518 58749, 762on QKH
.138
.071
.073
0.60
1,36810, 505
4,3351,456
.94
.87
.86
.94
12 47914 566
463, 660196 86977 631
9,052270
37 089
6.84
5.48
8,103
9 208657, 205
50
4 650
1,178
1 241
92053
499 8051 514
.123
493 768
42, 546
1 8091 9OQ
592162
8.23
o O7fi
2,272
79839
3.58
631 25079, 942fifi 1fi7
.136
.066
.070
1.69
1,90311,452
1,415387
1.09.91.89
.95
23 44515 447
451, 860190 71779 395
102 968
21934 476
7.05
5.79
7,507
613, 27946
3 914
1,085
1 142
«93261
462 3621 356
.113
463 4110 45, 471
1 812i 90
585139
8.57
9 fift/i
1,934
75945
4.34
576 77856, 25141 OO8
.156
.068
.073« Revised.* New series. For earlier data, see p. 20 of the November 1932 issue, rye: and p. 18 of the January 1933 issue, lard price.t Data revised. For revisions on wheat flour from July 1931 to December 1932, see p. 19 of the August 1933 issue. For revisions of bee! and veal exports for 1932 see
p. 40 of the June 1933 issue. For revised export data for months of 1933 not shown above, see p. 20 of this issue.• Dec. 1 estimate./ Aug. 1 estimate.
42 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Severn- |0ctober|Nov«n- Decem-ber
1934
January Febru-ary March April May June
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK AND MEATS— Continued
Hogs and products— Continued.Production, inspected slaughter, total
thous. of lb__Lard thous. of Ib
Stocks, cold storage, end of mo.thous. of lb_.
Fresh and cured _. thous. of Ib _Lard thous of Ib
Sheep and lambs:Lamb and mutton:
Consumption, apparent thous. of lb._Production, inspected slaughter
thous. of lb._Stocks, cold storage, end of mo.
thous. of lb._Movement, primary markets:
Receipts thous. of anirnals..Slaughter local thous of animalsSlaughter', inspected. (See Leather and
leather products.)Shipments, total thous. of animals __
Stocker and feeder thous. of animals. _Prices, wholesale:
Ewes Chicago dol. per 100 lb._Lambs Chicago - dol. per 100 lb.
Poultry and eggs:Eggs:
Receipts, 5 markets thous. of cases..Stocks, cold storage, end of mouth:
Case thous. of cases. .Frozen thous. of lb_.
Poultry:Receipts 5 markets thous. of lb..Stocks, cold storage, end of mo.
thous. of lb_.
TROPICAL PRODUCTSCocoa:
Imports # long tons..Price spot, Accra, N.Y dol. per i b _ _Shipments. Gold Coast and Nigeria
long tons..Coffee:
Clearances from Brazil, total.thous. of bags..To United States thous. of bags_.
Imports into United States #. thous. of bags..Price, Rio No. 7, N.Y... dol. per Ib...Receipts at ports, Brazil thous. of bags..Stocks, world total, incl. interior of Brazil
thous. of bags..Visible supply, total excl. interior of Brazil
thous. of bags..United States thous. of bags..
Sugar:Raw sugar:
Cuba:Stocks, total, end of month
thous. of long tons..United States:
Meltings, 8 ports t long tons..Price, wholesale, 96° centrifugal, New
York dol. per Ib. .Receipts:
From Hawaii and Puerto Ricolong tons..
Import** t # - long tonsStocks at refineries, end of mo. t
long tons__Refined sugar:
Exports, including maple t. long tons..Price, retail, gran., N.Y dol. per Ib..Price, wholesale, gran., N.Y... dol. per lb_.Receipts:
From Hawaii and Puerto Rico* long tons. .Imports:
Cuba* - - -- long tonsPhilippine Islands* long tons--
Shipments 2 ports long tonsStocks, end of month, 2 ports.-.long tons..
Tea:Imports # thous. of lb_.Price, wholesale, Formosa, fine, N.Y
dol. per lb_ .
MISCELLANEOUS PRODUCTS
Candy sales by manufacturers. -thous. of dol. .Fish:
Landings, fresh fish, principal portsthous. of Ib
Salmon, canned, shipments cases..Stocks, total, cold storage, 15th of month
thous. of Ib..a Revised.* New series. For earlier data, see p. 20 of
for Philippine Islands,t For revised data for 1932 on su?ar m 3! tins
853, 242643, 614209, 628
1, 517
2,152998
1, 155190
1.785.91
1, 009
8, 949121, 506
22,417
44, 824
10, 456.0535
10, 798
787512788
. 095919
8,496955
2,212
300, 448
.032
184, 03353, 117
626, 468
6, 376.055.047
11,039
43, 939590
6,471
.215
10, 010
50, 582
this issue,
s and sto
707, 930148, 330
1,027,581808, 322219, 259
51, 055
50, 862
1,594
2,2281,106
« 1, 105108
1.837.20
1,152
9,507107, 660
22, 121
44, 970
18, 198.0550
17, 832
1,586745865
.0761,440
22, 394
6,418747
2, 386
358, 713
.035
176,296°311, 651
498, 052
3, 513. 054.046
12, 224
46,963
59, 71838, 928
8, 909
. 175
10, 717
28, 784323, 634
33, 331
for receij
CkS, S93 f
631,418129, 045
981, 177756, 701224, 476
56, 762
56, 666
1,487
2,7951,249
1,509347
1.886.81
951
8,944102, 449
23, 966
47, 789
23, 884.0548
23, 865
1,329627
1,128.076
1,565
22, 370
6,6341,006
2,213
408, 918
.035
99, 100169, 933
369, 780
4, 062.052.046
13, 968
39,454
67, 20842, 018
11, 575
.175
16, 286
34, 036700, 734
44, 882
)ts of refir
. 41 of th
539, 848108, 085
822, 498630, 437192, 061
60, 116
60, 540
1,886
2, 9111,277
1,622498
1.886.34
733
7,46693, 182
24, 862
50, 177
22, 056.0470
10, 260
1,465770834
.0741,836
23, 598
6, 957976
2,081
277, 642
.036
108, 023177, 152
311,462
4, 020.052.046
11,671
27.971
49, 90932, 649
9,496
.175
21, 553
30, 542603, 692
51, 475
led sugar
8 May 19
518, 29498, 180
627, 001493, 308133, 693
63, 210
63, 897
2,511
3,2681,351
1,904857
1.886.40
651
5,17582, 302
32, 098
59, 528
11, 346.0420
11,409
1,274602
1,019.074
1,646
24, 725
7,179945
1,598
258, 209
.033
63, 845170, 729
290, 416
4,427.051.045
4,279
86, 122
36, 46425, 984
10, 929
.175
22, 598
33, 595318, 730
55, 928
from Ha\^
33 1SSU3.
752,912143, 491
645, 531529, 454116, 077
52, 543
52, 952
2,888
2,0641,068
1,031462
1.886.28
514
2,64172, 348
80, 502
91,211
10, 903.0458
22, 126
1,448873838
.0741,434
0)7,345
966
1,292
264, 289
.032
53, 354"160, 908
248, 054
4, 900.052.044
513
29,664
35, 63623, 473
6,418
.175
22, 303
21, 170200, 074
58, 338
Taii and I
For 1932
751, 663150, 287
762, 206629, 696132, 510
54, 869
56, 026
4,012
1,7741,033
739143
2.446.59
590
73161,419
70, 640
123, 503
» 9, 581.0419
44, 599
1, 426752
1,144.081
1,520
0)
7,5901,076
1,212
179, 119
.032
30, 840105, 123
203, 513
. 5, 965.052
i .043
873
27,268
34, 6681 26,360
! 7, 670
. 175
22,319
! 17, 043312,064
1 57,188
'uerto Ri(
revisions
915, 320188, 461
899, 160730, 404168, 756
56, 556
56, 799
4,183
1,8181,132
691116
2.757.23
808
5049, 910
31, 531
120, 177
19, 146.0472
52, 253
1,877997
1,100.091
1,419
0)
7,7181,038
926
237, 313
.032
79, 790173, 846
256, 031
3,560.052.042
13, 203
30, 985
39, 92522, 701
6,938
.181
20, 516
16, 739403, 556
44, 660
30 and in
of sugar
573, 708115,974
910, 000733, 956176, 044
48, 605
47, 519
3,052
1, 454902
54779
4.188.33
1,165
9039, 181
19, 336
101, 776
16, 919.0520
47, 607
1,476779
1,353.107
1,381
I1)
7,564980
1,335
259, 470
.033
192, 519114, 484
291, 644
4,187.051.044
9,981
16, 478
48, 26721, 950
4,696
.185
19, 538
18, 185513, 130
32, 712
iports fro
imports a
508, 99399, 612
830, 997657, 222173, 775
52, 039
51,097
2,024
1, 570957
62581
5.008.63
1,824
1,20838, 679
16,435
74, 197
30, 502.0540
42, 235
1,242636
1,305.109
1, 534
(')
8.0841,025
1,862
289, 666
.031
201, 877173, 838
406, 345
4,248.051.044
13, 596
10,879
53, 04530, 282
6,578
.185
21,951
24, 782449, 736
18, 481
m Cuba,
nd expor
572, 457113, 056
835, 185656, 087179, 098
47, 676
46, 976
1,281
1,838959
872135
4.758.90
2, 051
4, 64062, 632
13, 347
49, 212
26, 539. 0539
22, 287
842425996
.1041,212
31,118
8, 600891
2, 422
272, 885
.028
151, 334214, 079
516, 505
4, 246.051.044
15, 294
9,913
45, 88331, 164
4,493
.193
16, 792
37, 906229, 108
15, 883
Earlier
fcs, see p.
699, 676137, 597
823, 808641, 568182, 240
47, 166
47, 286
1, 363
2, 1141,014
1, 014
a. oo8. 97
1, 927
7,81993, 947
19, 604
39, 790
8,044. 0561
9, 850
903418790
.103780
29, 309
8. 504932
2, 475
344, 352
. 02S
146, 258250, 111
561, 680
5. 622.051.041
14, 180
16, 47321 51276, 93425, 147
4, 389
. 199
16, 884
34, 848203, 316
20, 189
data not
41 of the
633, 062124, 069
a 823, 560« 628, 425" 19,5, 135
45, 709
45, 829
1, 450
1,810918
891115
1, 637.24
1, 452
« 8, 965" 110,058
22, 755
« 40, (509
10, 843. 0572
10, 568
1, 449546736
. 102901
27,141
8, 526886
2, 364
350,731
.029
149, 087197, 640
537, 831
4, 649.052.045
12, 300
24, 7283,323
58, 69422, 373
5, 419
.215
12,945
30, 699263, 883
34, 285
available
June 1933issue. For revisions of exports in 1933 for months not shown above, see p. 20 of this issue.
# See footnote on p. 35 of this issua. Data revissd for 1933. Revision for months not shown above will appear in a subseauent issue.1 Data not available.
September 1934 SURVEY OF CURRENT BUSINESS 43
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933 1934
July August Septem-ber October Novem-
ber ^'l January Febru-ary March April May June
FOODSTUFFS AND TOBACCO—Continued
TOBACCOLeaf:
Exports f thous of IbImports, unmanufactured # thous. of lb_.Production, crop estimate _ __thous. of lb _Stocks, total, including imported types
(quarterly) mills, of IbFlue-cured, fire-cured, and air-cured
mills, of IbCigar types mills of Ib
Manufactured products:Consumption (tax -paid withdrawals):
Small cigarettes millions--Large cigars thousandsManufactured tobacco and snuff
thous. of lb_.Exports, cigarettes . thousandsPrices, wholesale:
Cigarettes dol. per 1,000Cigars _ dol. per 1,000_-
19 0135,209
f 1,042 942
11, 355378, 058
28, 691225, 387
5,38046, 839
30 6211,880
9.526400, 511
28, 782°207. 710
4.85146. 062
24 5031,666
11, 189434, 821
32, 942171, 439
4 85146. 062
42 3962,349
2,009
1,529389
9,528423, 600
29, 133271,311
4.85146. 062
66 2171,911
9,176408, 452
30, 546272, 496
4.85146. 519
a 44 2282,776
6,835415, 347
25, 407238, 329
4.85146. 461
62 5684.198
« 1,385, 107
2, 182
1,718377
7, 800276, 690
21, 686271, 219
4.85146. 461
9(3 9974,218
11, 483337, 292
30, 846283, 784
5.27446. 616
28 4065,449
9,168299, 214
28, 351188, 956
5.38046. 893
44 4114,228
0 2, 435!i I, 957
" 384
9,333354, 165
31,478246, 278
5 38046. 839
41 3424, 775
9, 294345, 067
27, 260344, 740
5.3804(5. 839
31 3SO4, 548
11, 174380 450
29, 056336, 264
5,38046, 839
99 5536,139
2 204
1 727387
12, 045404 456
29, 420252, 009
5, 38046, 839
FUELS AND BYPRODUCTS
COALAnthracite:
Exports thous. of long tons..Prices:
Retail, composite, chestnutdol. per short ton..
Wholesale, composite, chestnut tdol. per short ton--
Production f _ _. thous. of short tons..Shipments f thous of short tonsStocks, in storage thous. of short tonsStocks, in yards of dealers, end of month
no. of days' supplyBituminous:
Consumption:Coke plants _ thous. of short tons. .Electric power plants f
thous. of short tons-.Railroads thous of short tonsVessels, bunker thous. of long tons
Exports -_ -thous. of long tons. -Price, retail composite, 38 cities
dol. per short ton--Prices, wholesale:
Composite, mine run-_.dol. per short ton--Prepared sizes (composite)
dol. per short ton--Production f -thous. of short tons.-Stocks, consumers, end of month
thous of short tons -
COKE
Exports thous. of long tonsPrice, furnace, Connellsville
dol. per short ton_.Production:
Beehive t thous. of short tons..Byproduct t thous. of short tons _Petroleum thous. of short tons
Stocks, end of month:Byproduct plants thous. of short tons_.Petroleuin, refinery thous. of short tons-_
PETROLEUM AND PRODUCTS
Crude petroleum:Consumption ''run to stills) thous of bblImports # thous. of bbl .Price, Kansas-Oklahoma dol. per bblProduction t thous. of bbl_.Refinery operations . pet. of capacity
12. 60
9. 4513, 4432,974
3, 519
1011, 108
8.23
4. 185
4.34325, 280
105
3. 73
442,381
2,312
2, 561.940
Stocks, end of month:California:
Heavy crude and fuel oiL.thous of bbl ,Light crude thous. of bbLJ
East of California, total t- --thous. of bbLJ _ _Refineries! -- thous. of bblTank farms and pipe linesf-thous. of bbL.
Wells completed f numberMexico:
Exports thous. of bbL.Production thous. of bbl__
Venezuela:Exports -thous. of bbL.Production ..thous. of bbl__
2,6213, 303
102
12. 26
9.5423,6773,239
736
49
4,164
2,7854,659
118983
7.64
3.572
3.55029, 482
62
2.50
732,793
154
2,9511,149
79,5253,411.460
84, 38773
95, 33536, 625
306, 96948,304
258, 665548
2, 5022,951
9,63610. 052
99
12.65
9. 6484,3963,990
977
4,346
2,8824,746
117953
7.77
3. 690
3.72633, 910
30, 582
73
2.91
752,920
112
3,0221,036
79, 1513,673.505
85, 23973
95, 2736 35, 1976315, 5636 56, 429
6259, 134643
2,6072,893
10. 14610.309
125
13. 12
9. 9824,9934 ^22I, 267
63
4,020
2,6744,759
122976
7,94
3.722
3.82929, 500
34, 095
85
2.63
632,708
139
3,080987
75, 3162,069.768
78, 18671
94, 9266 35, 0766315, 8786 56, 452
6259, 426955
9472,606
9,95910. 182
85
13.23
9.9314,7114,1471,351
3,805
2,8265,159
134811
8.08
3.929
4.11929, 656
72
3.47
472,579
139
3,053891
75, 4611,758.940
76, 01769
92, 507* 35, 5686312, 8156 54, 458
6258, 3571,070
1,2782,428
10,09610. 728
83
13.26
9.9264,8114, 0981, 293
38
3,536
2, 7385,002
1401,000
8.18
3.963
4.16730, 582
34, 143
56
3.75
982,341
118
3,043760
68, 4611,875.940
69, 75565
90, 2426 35, 3996311,7586 55, 837
6255, 921992
1,1842,900
10, 39810. 717
71
13.24
9.9224, 4244,0121,106
34
3,694
2,8274, 984
91448
8.18
3.961
4.16429, 600
32, 840
39
3.75
952,451
129
2,850727
70, 4402,876.940
72, 06065
87, 826« 634,104o 6312,0706 57, 048
6255,022905
2,5823,259
10, 55811. 084
96
13.25
9.9126, 1255,189
725
29
3,774
2,8175,256
73369
8.24
3.972
4.17832, 916
39
3.63
972,476
127
2,347637
71, 5123,011.940
71, 97666
86, 8696 33, 8646311, 6596 55, 458
6256, 201910
1,9793,114
9,84410. 860
99
13.27
9. 8815, 9525,198
316
19
3,832
2, 8715,180
70382
8.22
3.974
4.21031, 970
27,100
55
3.50
1182,493
121
1,808595
66, 4702,416.940
65, 45069
83,8126 33, 3506309, 8646 55, 582
6254, 2828.10
2,1482,862
9,1999. 769
88
13.27
9. 8786,4185,356
308
17
4,578
2,8215,759
90490
8.23
3.972
4.21638, 497
28, 371
45
3.43
1502,969
136
1,713565
71, 8072,272.940
75, 54867
81, 5846 34, 0936311,5766 56, 383
6255, 193930
2,2603,192
10, 26810. 900
71
12. 94
9. 4594, 8374, 173
690
44
4, 3060 2, 391
4, 83781
075
8. 18
4.120
4. 23324, 772
27,711
25
3.59
612, 875
101
1,964553
73, 5C32,877.940
75, 79671
78, 9656 33, 889
6312, 0056 55, 482
6256, 523914
2,1793,206
9,90211.028
125
12.34
9. 0845, 2504.491I, 1(35
59
4, 757
2. 6514, 804
1221,074
8.13
4.179
4. 21728, 100
28, 490
52
3. 64
512, 192
74
1, 948515
76, 2583,442.940
79, 87070
76, 6046 33, 7216313, 8406 57, 069
6256, 7711,112
2, 1672,715
10, 72311. 542
89
12.40
9. 2164, 1S43, 4951 , 541
Gi
4, 459
2, 790
107991
8. 18
4.200
4. 23626, 424
29, 393
06
3.73
512, 990
104
2, 047504
76, 0543,947.940
80, 04072
74, 815b 33, 802
6315,0516 56, 526
& 258, 5251,128
2,037" 2, 923
10, 82211.203
« Revised.t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933. Data revised for 1933, for
revisions of such months not shown above see p. 20 of this issue; 1932 final revision of anthracite and bituminous coal production, p. 42, January 1934; anthracite shipmentsfor 1932, p 42, December 1933; consumption of bituminous coal by electric power plants, p. 42, May 1933; beehive and byproduct coke for 1932, p. 43, December 1933. Datarevised for 1933. Beehive and byproduct coke see p. 43, July 1934. Crude petroleum production, stocks, east of California (total), at refineries and at tank farms and pipelines, and wells completed, for 1932, p. 56, November 1933.
b Statistics here given as of August 31 and subsequent months are not comparable with the figures for earlier months because of revisions and transfers from one kindof storage to another as a result of the new form of report to the Petroleum Administrative Board. The Bureau of Mines has not found it possible to reconcile these figuresand will report them henceforth to compare with the August data. The Aug. 31 figures on the old basis are on p. 42 of the November 1933 issue.
• New basis, as of Dec. 31, caused by 1,089,000 barrels being classified as fuel oil.# See footnote on p. 35 of this issue. Data revised for 1933. Revision of months not shown above will appear in a subsequent hsue.t Price converted to short-ton basis.« Deaember 1 estimate.
f August 1 estimate.
44 SUKVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931, j !934together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey i July
1933
July August S^f1' October Novem-ber
Decem-ber
1934
January *•«£" March April May June
FUELS AND BYPRODUCTS—Continued
PETROLEUM AND PRODUCTS-Con.Refined products:Gas and fuel oils:
Consumption:Electric power plantsf thous. of bbL.Railroads _. thous. of bbl _Vessels, bunker thous. of bbl__
Price, fuel oil, Oklahoma, 24-26 refineriesdol. per bbl..
Production:Residual fuel oil*t - thous. of bbl.Qas oil and distillate fuels* t
thous. of bblStocks:
Residual fuel oil, east of California*tthous. of bbl
Gas oil and distillate fuels, total*thous. of bbl
Gasoline:Consumptionf thous. of bbl_.Exports* . thous. of bblExports, value. (See Foreign Trade.)Price, wholesale:
Drums, delivered, N.Y dol. per gal..Refinery, Oklahoma.. dol. per gal._
Price, retail, service station, 50 citiesdol. per gal
Production:At natural gas plants! thous. of bbl .At refineriesf thous. of bbl__
Retail distribution (41 States)!mills, of gal
Stocks, end of month:At natural gas plants., thous. of bblAt refineriesf thous. of bbl
Kerosene:Consumption! thous of bblExports thous. of bblPrice, 150° water white, refinery, Pa.
dol. per gal_.Production thous. of bblStocks, end of month thous. of bbl
Lubricating oil:Consumption! . thous. of bblPrice, cylinder oil, refinery, Pa.
dol. per gaL.Production thous of bblStocks, refinery, end of mo thous. of bbl
Other products:Asphalt:
Imports# thous. of short tonsProduction! .thous. of short tonsStocks, refinery, end of month
thous. of short tonsCoke. (See Coke.)Wax:
Production thous. of IbStocks, refinery, end of mo thous. of Ib
2,412
.725
~" 1 495
.155
.045
751
.046
.183
1,0312,8912,896
.415
21, 572
7,295
17, 941
17, 760
34, 458a 3, 027
.165
.048
.135
2,76936, 576
1,005
95030, 142
2,041846
.0444,2727,785
1,630
.1691,9657,199
1265
278
36, 12098, 536
9792,8173,070
.444
21,049
6, 143
« 19, 097
18, 948
37, 426a 1, 548
.165
.041
.140
2,82436,524
1,085
84729,038
2 799a 621
.0444, 1098,445
1,535
.1792 0197,226
.,247
268
40, 32085, 924
9042,9532,669
.563
20,143
6,375
18, 824
20,160
34,3031,802
.174
.052
.145
2,79136,581
1,030
66128, 747
3 375726
.0484,0048,343
1,426
.1832 0467,007
o218
253
42 28080,300
9433,2922,397
.620
20 819
7 157
20 315
20 454
32, 9732 455
.177
.051
.143
2,98135, 971
962
57228 572
3 406922
.0533,9937,987
1,507
.1902 1156 776
3234
242
47 32075, 803
9183,1541,511
.650
19,004
6 391
18 957
19 016
30, 2622 771
.177
.050
.142
2 93132, 891
931
60927 308
3 726l'045
.0534 0057,217
1,538
.1902 3757 075
1156
259
43 68072, 751
9543,1182,705
,663
18 962
7 252
1 17 660
* 16 212
28,7871 452
.177
.050
.143
3,00531,685
841
'992i 34 760
4 143851
.0524 289
1 6, 557
1 667
.1902 212
i 7 030
151
255
41 72068 833
9103,1662,646
.690
19 847
7 691
16 134
14 136
29,4161 797
.165
.048
.139
3 02433, 462
852
99237 774
4 245676
.0484 5076 228
1 440
.2082 1987 020
3145
304
46 48078 934
875 8122,890 3,2502,399 2,782
.750 .738
18 183 20 539
7 155 g 004
14 233 14 044
12 322 10 658
25, 048 30, 5281 772 2 235
. 166 . 158
. 048 . 044
. 142 136
2,795 3 01930, 472 32, 705
788 940
979 1, 02241 352 42 578
4 154 4 218716 657
. 045 . 0483 961 4 5765,299 4 986
1 302 1,643
. 220 . 2201 865 2 1527* 120 6 837
1 0106 156
331 371i
39 200 43 12083 791 86,644
o 7551 3 118
2 457
; .750
, 19 344
7 563
15 673
11 403
32, 7352,436
. 145
.045
.136
2,92634, 097
978
1,27640,914
3, 6541, 148
.0484,6474,822
1,651
.2202,3226,796
3205
378
39, 48091,763
«8023 1742 652
.750
20 297
7 761
16 501
13 174
38, 1411 643
.150
.048
.139
2,90735, 194
1,061
1,51736 507
3 222648
.0474,5485,470
1,941
.2192 5776 773
1250
382
41, 720101,551
883
2 530
.750
20 136
8 042
19 249
16 313
36, 2961 780
.155
.046
141
2 83834 g50
1 64633 885
2 372962
.0484 2066 335
1 569
.2082 2116 752
3278
358
40 320108 087
LEATHER AND PRODUCTS
HIDES AND SKINSImports, total hides and skins!#_thous. of lb._
Calf and kip skins thous. of lb._Cattle hides . . thous. of lb_Goat skins thous. of lb__Sheep and lamb skins thous of Ib
Livestock, inspected slaughter:Calves thous. of animalsCattle . thous. of animals. _Hogs thous. of animalsSheep _ thous. of animals..
Prices, wholesale:Packers, heavy native steers, Chicago
dol. per Ib..Calfskins, no. 1 country. Chicago
dol. per lb_.Exports: LEATHER
Sole leather ..thous. of lb_.Upper leather! • thous. of sq. ft..
Production:Calf and kip* thous of skinsCattle hides*! - .-thous. of hides..Goat and kid*. _ .... .thous. of skinsSheep and lamb*! thous of skins
Prices, wholesale:Sole, oak, scoured backs (Boston) dol. per Ib.Upper, composite, chrome, calf, black, "B"
grade _>_dol. per sq. ft..
19, 9071,9008,2685,6072 930
7701,9123, 3231,294
.098
.093
2053,850
.29
.320
0 50, 102« 6, 501
a 24, 8358,5797,756
401752
3,9141,399
.137
.174
1756,464
1,3931,4634,1454,237
.37
.330
50, 8285,492
26, 3748,7338 320
416840
3,4771,532
.150
.190
1674,917
1,4351,5634,6343,934
.40
.348
36, 3543,191
17,4888,2915 083
405821
3,0381,609
.132
.174
1246,315
1, 1131,4394,0053 239
.39
.349
32, 6454,192
14, 4507,9014 086
455861
3,0581,668
.103
.158
113« 5, 290
1 1261,5383,9943 290
.35
.344
« 21, 5962,405
10 2270 5, 318a 2 378
424777
4 5011,356
.103
.156
« 1026,703
1 0631,6233,7862 630
.31
.337
o 20, 7652,1047,762
« 6. 8432 541
402721
4 5301,390
.099
.167
0 1566,684
1 0131,5203,7632 322
.32
.350
18, 6622,8405 8076,1402 494
471831
5 3911,407
.101
.144
2526,160
9811,6404,2902 580
.32
.352
17,6831,5805,8375,8373 315
437733
3 4331,159
.103
.137
1364,859
8791,6624,0743 558
.31
.352
20, 7091,8566,3887,5983 457
534771
3 0391 242
.096
.121
2826,144
9111,7384 3583 690
.30
.347
22, 6251, 2217,2659,1193,124
526749
3,4111,164
.108
.129
1865,457
OQQ0 1,681
3 9493 7Q1
.30
.343
21, 2352,2595 1847,2174 247
600864
4 2181 °44
.104
.116
1864,336
1 03°« 1,700
3 9403 300
.30
.337
22, 1811,9149 5775,8183 006
601932
3 7631 2TO
.098
.106
2944,918
1 0361,6333 4969 773
.29
.333* New series. For earlier data see p. 20 of the February 1933 issue, production of residual fuel oil and gas oil and distillate fuels, and p. 19 of the June 1933 issue, leather! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of gas and fuel oils in electric-power plants for 1932, p. 43,
May 1933, for 1933 revisions, p. 43 May 1934; production of residual fuel oils and gas oil and distillate fuels, stocks of residual fuel oil east of California, consumption of gaso-line, production of gasoline at natural gas plants and refineries, stocks of gasoline at refineries, consumption of kerosene and lubricating oil, and production of asphalt for1932, p. 56, November 1933; retail distribution gasoline in 41 States for 1932, p. 43, May 1933, for 1933, p. 43, May 1934; production of cattle and sheep and lamb hides, p. 44.April 1934; imports of total hides and skins and upper leather for 1932, p. 43, June 1933.
« Beginning Aug. 31, figures reported on the new basis, caused by transfer of 414,000 barrels from gas-oil and fuel-oil stocks.r New basis caused by transfer of 243,000 barrels from bulk terminal stocks and approximately 93,000 barrels transferred from refinery stocks.' New basis resulting from transfer of finished stocks to unfinished stocks and addition of stocks not previously reported.* See footnote on p. 35 of this issue. Imports also revised for 1933. Revisions for such months not shown above will appear in a subsequent issue.* Data revised for 1933. For revisions for months not shown above, see p. 20 of this issue.« ReA ised.
September 1934 SURVEY OF CURRENT BUSINESS 45
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August8tr October Novem-
berDecem-
ber
1934
1January | yU" March April May June
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Gloves and mittens:Production (cut), total dozen pairs
Dress and street ..dozen pairsWork _ dozen pairs
Shoes:Exports thous of pairsPrices, wholesale:
Men's black calf blucher,Boston . dol per pair
Men's black calf oxford, lace,St. Louis dol. per pair--
Women's colored calf, Goodyear welt, ox-ford, average dol. per pair--
Production, total thous. of pairsMen's _ __ _ thous. of pairsBoys' and youths'.. _ . thous. of pairsWomen's thous of pairsMisses' and children's thous. of pairsSlippers, all types thous. of pairs..All other footwear ... thous. of pairs. .
88
5 50
4.15
4.00p 28 061
294, 481142, 508151, 973
51
5 15
4.08
3.4533, 7498,3281,993
12, 5873,0524, 5133,276
316, 436168, 559147, 877
80
5 35
4.23
3.7737, 0199,1382, 103
14, 5213,2014,7353,321
281, 363141, 776139, 587
64
5.40
4.35
3.8531, 2347,6561,711
12, 0982,6704,1382,962
282, 249127, 317154, 932
58
5 40
4.35
3.8531, 4558,2931,827
10, 9992,4924,9862,858
228, 486100, 559127, 927
a 77
5 50
4.35
3.8523 6956,9091,5156,7831,9744,2562,258
178, 39857, 050
121, 348
78
5 50
4.20
3.9320, 0956,1861,1506,7651,8891,9552,151
171, 24269, 196
102, 046
40
5.50
4.15
4.0025, 7877,0461,342
10, 6392,5891,4242,746
41
5.50
4.15
4.0030, 1207,8451,481
12, 2453,0562,3273,166
100
5 50
4.15
4.0033, 3578,6691,503
14,0063,6863,5653,927
76
5.55
4.15
4.00a 34, 152« 8, 423« 1,506«13, 066» 3, 271« 3, 597M,288
~-
5 50
4.15
4.000 33, 8740 8, 2110 1, 540
a 12, 7760 3, 185« 4, 072« 4, 090
90
5 50
4.15
4.000 27, 783
7,5521,4589,3292,6173,7173,112
LUMBER AND MANUFACTURES
LUMBER
Exports, all types * • M ft.b.m..Retail movement:
Retail yards, Ninth Fed. Res. Dist.:Sales _M ft.b.m..Stocks, end of month .M ft.b.m..
Retail yards, Tenth Fed. Res. Dist.:Sales. M ft.b.m..Stocks, end of month... M ft.b.m..
Flooring
Maple, beech, and birch:Orders:
New M ft.b.m..Unfilled, end of month _M ft.b.m..
Production M ft.b.m..Shipments M ft.b.m..Stocks, end of month M ft.b.m..
Oak:Orders'
New. _M ft.b.m..Unfilled, end of month M ft.b.m..
Production M ft.b.m..Shipments. M ft.b.m..Stocks, end of month M ft.b.m..
Hard woods
Hardwoods (Southern and Appalachian dis-tricts):
Total:Orders:
New. mill.ft.b.m..Unfilled, end of month .mill.ft.b.m..
Production mill.ft.b.m..Shipments mill. ft.b.m. .Stocks, total, end of month. ..mill. ft. b.m..
Unsold stocks mill.ft.b.m-.Gum:
Orders, unfilled, end of monthmm.ft.b.m..
Stocks, total, end of month., mill.ft.b.mUnsold stocks mill.ft.b.m..
Oak:Orders, unfilled, end of month
mill. ft.b.m. .Stocks, total, end of month., .mill. ft.b.m..
Unsold stocks mill.ft.b.m..Northern hardwoods:
62, 452
6, 57460, 754
4,0925,6062, 4514,421
19, 059
6,9378,7647, 3017,713
64, 251
9822811694
1,9401,712
39447408
91623523
Production M ft.b.m.. 9,578Shipments _.. M ft.b.m.. 10,607
SoftwoodsFir, Douglas:
Exports :§Lumber • M ft.b.m.. 7, 190Timber M ft.b.m.. 3, 252
Orders: |New 1 M ft.b.m..Unfilled, end of month M ft.b.m..Price, wholesale:
No. 1 common ... dol. per M f t b mFlooring, 1x4, "B" and better
dol. per M ft.b.m..Production 1 M ft.b.m..Shipments ^ M ft.b.m..
18.00
37. 00
95, 235
« 8, 212« 59, 061
2,32629, 034
3,4854,9943,7614,326
14, 228
9,44513, 92417, 69313, 67642, 806
184240169203
1,7891,548
77427350
I
78, 192 75, 965
6,498 6.86860,344 ! 59,031
2,12429, 208
2,6435,3884,2523,386
17, 171
12, 85814, 56718, 44612, 79360, 946
128208165158
1,7891,581
80453373
83 ! 71545 554462 [ 482
7,382 11,37626,280 i 21,814
32,968 ! 24,93323, 308 16, 408
154,439 i 122,656218,900 ! 105,645
16.20 16.99
30.81 32.62196,070 188,460
2,17529, 156
2,2434,6222,7842,622
17, 723
6,34111,3779,3769,563
62, 415
128200150131
1,7281,528
65350285
78549471
9,57414, 290
27, 51516, 043
131,161112,807
16.91
33.79136, 980
184,879 1 184,431 | 141,904
"80,463 « 73, 065
7, 555 3, 87956,902 ! 55,606
2,43028, 428
2,16828, 190
3,7595,7553,1613,236
18, 610
8,13011,4566,9538,624
65, 029
128211143124
1,7401,530
76364288
76557481
10, 28513, 039
25, 36114, 854
2,4195,8892,3422,300
18, 546
12, 26312, 0666,989
10, 01763, 795
143234131124
1,7841, 550
97, 956
2,26656, 764
1,86227, 951
2,2194,7892,3533,234
18, 210
3,36510, 6556,8546,417
65, 234
71218135116
1,8701,652
48 44382 395334 352
92 85570 582477 496
10, 677 13, 29810, 686 9, 811
20, 373 30, 87111, 602 18, 975
1118, 179 164, 287116, 388
18.39
120, 86569, 385
123, 351
18 97 18 Sft
33.85 33. 71 37. 00132, 056 128, 027 111,017119,522 118,179 106,093
96, 969
3,14758, 837
2, 26827, 665
3,6294,6562,4863,665
19, 349
5,42310, 2456,9005,137
65, 051
9823012490
1,8871,657
46411365
85584499
15, 17811, 162
27, 59910, 094
119, 970142, 352
18.56
37.00109, 22681, 472
0 Revised.* New series. For earlier data, see p. 20 of the November 1932 issue, lumber exports.§ Data revised for 1932, see pp. 44 and 45 of the June 1933 issue.1 Data for August and November 1933, March and June 1934, are for 5 weeks; other months, 4 weeks.v Preliminary.
70, 282
3,07760, 533
1,79227, 493
4, 7635,6672,9643,665
18, 666
28, 238
83, 453 109, 919
2, 994 4, 44061,827 ! 62,857
2,059 1 2,30028,351 ! 28,052
6, 438 3, 0377, 167 5, 5984, 596 4, 2264, 643 4, 303
18, 828 19, 195
682 5, 80029, 788 17, 005 12, 415
7, 737 8, 919 10, 3608,112 13,711 9,476
65, 285 62, 532 63, 938
124 135 150240 239 265128 120116 128
1, 891 1, 8621, 651 1, 623
46 48414 425368 377
88 90588 582500 492
16, 733 19, 96513, 354 18, 086
25, 492 25, 38013, 876 20, 824
119, 970 145, 933144, 143 123, 103
19. 00 19. 00
37. 00 37. 00
135131
1,8561,591
48424376
110578468
17, 22718, 204
52, 95625, 256
141, 457152, 648
19.00
37.00132, 056 150, 857 152, 648111,912 131,161 136,980
i
60, 991 53, 879
6, 467 6, 65063, 800 62, 665
2, 268 2, 08327, 760 27, 734
i4,4375,9984,4804,512
19, 526
8,64611,1359, 5469,813
62, 635
3, 2835,7714, 1033, 573
20, 828
6,5219, 4268,9517, 965
63, 375
113 94241 232116 146124 109
1, 8611,621
1,9141, 682
44 41427 ! 442383
95580485
14, 58116, 919
14, 70110, 422
139, 666179, 059
18.00
37.00132, 056106, 988
401
95606511
12,89013,090
1,173426
83, 710153,991
18. 00
37.0077, 44368, 042
46 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931, | 1934together with explanatory footnotes and refer- Iences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey July
1933
July August SeP^- October Novem-ber
Decem-ber
1934
January Fea ' March April May June
LUMBER AND MANUFACTURES—Continued
LUMBER— ContinuedSoftwoods — Continued
Hemlock, northern:Production M ft.b.m._Shipments M ft, b m
Pine, northern:Orders, new _M ft.b.mProduction M f t b mShipments _ M ft.b.m
Pine, southern :Exports:
Lumber § M ft.b.m..Timber § M ft.b.m..
Orders:New . _ ... M ft.b.mUnfilled, end of month M ft.b.m..Price, flooring _ dol. per M ft.b.m
Production M ft.b.m..Shipments M ft.b m
Redwood, California : }Orders:
New M ft.b.m..Unfilled M ft b m
Production M ft.b mShipments _ M ft.b.m
FURNITUREHousehold:
All districts:Plant operations * percent of normal
Grand Rapids district:Orders:
Canceled percent of new ordersNew _. no. of days' production
Unfilled, end of monthno. of days' production..
Outstanding accounts, end of monthno. of days' sales. .
Plant operations f percent of normal..Shipments no of days' production
Southeastern district:Orders, unfilled, end of month
dol., average per firm..Shipments _ . dol., average per firm
Prices, wholesale:Beds _ _ 1926=100Dining-room chairs, set of 6 1926=100—Kitchen cabinets 1926=100Living-room davenports 1926 =100
Steel furniture. (See Iron and Steel Section.)
11,5506, 157
n, 3411 1, 2667, 482
26, 5029, 557
90, 79677, 59936. 55
99, 22296, 295
35. 0
5 09
9
1522.0
7
50, 31746, 943
71.590. 187. 579,4
2,77014 646
13, 59915 33514, 733
29, 5329,015
120, 35281, 031
28 57125, 935131 646
30, 64637 7069 497
31,843'
52. 0
3 0J5
17
2134.0
10
96, 95358, 191
66.189.574 176.7
2,73113 526
IQ 27012 829
23, 8438, 353
117, 53570, 74531 85
132, 539128 700
24, 01730 51115 39030 818
46 0
3 013
18
2530.0
13
79, 83195, 772
73 291.085 676.7
2,3559 690
11 84216 13912 925
24, 6865,915
98 42659, 97635 30
113, 504107 226
22, 34027 71117' 96324 758
55 0
5 012
18
2642.0
13
93, 89982 284
76 191.087 576 7
2,35017 775
10 2538 664
12 770
21, 6775,632
91 29855, 07337 93
103, 751Q0 329
23, 3069(3 3^522 15424 481
59 0
14 0g
12
2542.0
IS
36, 94376 705
76 191.087 581 7
2,99114 856
7 0951 3778 196
19, 0385,229
90 61754, 63738 14
103, 10895 057
39, 58139 81016 47525 733
42 0
16 07
9
2336.0
q
14, 14741 660
76 191.087 579 4
4,0536 987
6 9971 0296 456
21, 1567,431
73 16753, 06838 41
95, 98381 272
15, 22833 87216 73321 674
34 0
12 05
6
2033.0
7
11, 89419 698
76 191.087 579 4
3,6316 464
5 2241 578Q 192
20, 4154, 516
102 72076, 07438 11
106, 01988 198
13,93526 85319 93920' 349
31 0
4 010
10
1829.0
Q
37, 51837 943
76 190.187 579 4
6,3126 297
6 9052 3575 535
22, 6557,652
108 33690, 42538 21
112, 14199 193
20, 27827 ggg22* 90118 943
30 0
8 0Q
9
1828.5
7
34, 12351 145
76 190.187 579 4
6,4747 699
6 2724 9287 612
26, 5496,491
133 79487, 68138 16
124, 469117 391
26, 08332 22225 18421 755
30.0
7 08
9
1829.0
8
27, 62758 196
76 190.187 579.4
6,5887 631
5 9244 3566 384
27, 7353,725
110 34897. 49838 28
116,615108 320
19, 21730 69324 48 9
20 644
30 0
Q 55
6
1827.0
18,91146, 177
74 990.187 579 4
5, 6588 734
6 9708 933e' OQO
23, 1138, 885
121,02882,511
37 8G117,665192 20°
23, 30033 7402fi 19920 147
30. 0
8 0
1627.0
6
18, 93444, 612
73.290.187.579.4
10, 1598 72"
8 7941 1 1348 317
26, 6046, 506
100 86376, 32538 02
107.606115 4fil
17,95839 ~r;g25 sgQ19 402
32 0
7 o
1519.0
26, 36030 821
71 590. 187 579 4
METALS AND MANUFACTURES
17,676
34.21
1, 600196
l!o904, 432
29, 96125, 4614, 500
21, 86223,38827.6
27,591
18. 0018.94
88,31152,805 j
29.81
2,62681
«2. 481515
°3, 430
27, 77222, 9804,792
28, 45830,86536.3
29,155
61, 435106
15. 5016. 70
17.891,792
119, 37446,839
30.04
105
2,612159
3,9301,1325,101
30,15625, 2604,896
28,32331,811
36.630,195
56,070 |
16. 20 !17.16 |
18.59 i1,833 i
799706
L30
100
102136
205200504
449415034
23
744078>1.6402
21589
r.oor.87
).39522
164, 75546, 673
31.59
107
1,898151
3,4211,1204,543
36, 34531, 0445,301
19
19, 93324, 38128.4
20, 422
39, 75579
17.0017.84
19.391,356
157, 60028, 979
31.59
93
1,460107
918359785
36, 20030, 7945,406
5
20, 83021, 94425.0
19, 676
34, 41076
17.0017.84
19.391, 085
184, 57931,310
32.42
91
1, 59886
2006
34, 67329, 3465,327
3
26, 30521, 87025.6
22, 310
35, 50575
17.0017.94
19.391,182
178, 02322, 653
32.42
88
1, 65689
000
32, 97327, 7275,246
7
32, 50130, 41735.8
26, 642
41, 08587
17.0017.94
19.391, 215
151, 18425, 407
32.42
78
1,72864
000
31, 21626, 0405,176
2
36, 59433, 93940.1
31,412
46, 26089
17.0017.94
19.391,264
261, 2638,39
32.4
£
2,197
29,0424,064,98
42,9643,4349.
41,53
53,729
17.017.9
19.31,62
79
201, 539
34.18
105
2,470128
000
26, 58122, 0104,571
20
38, 45340, 742
47.939, 817
63, 270110
17.2518.36
19.641,727
241, 75329,465
34.77
114
2,958202
1.468'683
2,631
25,59821,2184,380
32, 63937,165
42.739. 493
67, 300117
18.0018.94
20. 392,043
219, 40624, 858
34.89
IEON AND STEEL |Foreign trade, iron and steel: I
Exports § long tons..I 233,186Imp9rts*# long tons..
Price, iron and steel compositedol. per long ton..
Sales, iron, steel, and heavy hardwareJanuary 1921 = 100..
OreIron ore:
Consumption by furnacesthous. of long tons. J.
Imports # thous. of long tons..'Receipts:
Lake Erie ports and furnacesthous. of long tons..
Other ports ...thous. of long tons..Shipments from mines..thous. of long tons_.Stocks, total, end of month
thous. of long tons..At furnaces thous. of long tons..Lake Erie docks thous. of long tons-.
Manganese ore, imports (manganese content) tthous. of long tons..
Iron, Crude, and SemimanufacturedCastings, malleable:*
Orders, new short tons..Production short tons..
Percent of capacityShipments short tons..
Pig iron:Furnaces in blast, end of month:
Capacity long tons per day..Number
Prices, wholesale:Basic (valley furnace)...dol. per long ton..!Composite pig iron dol. per long ton.JFoundry, no. 2, northern (Pitts.) j
dol. per long ton..-!Production thous. of long tons..'
* New series. Earlier data on furniture activity, all districts, not published. For imports of iron and steel, see p. 20 of the November 1932 issue, for castings, p. 20of the April 1933 issue.
§ Data revised for 1932. For revisions, see pp. 44 and 45, lumber and p, 45, iron and stesl, of the June 1933 issue. Data revised for 1933. For revisions of months not shownabove, see p. 20 of this issue.
t Revised. Earlier data not published.J Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included.t Imports from Cuba not included.# See footnote on p 35 of this issue. Data revised for 1933, Revision ) h months not shown above will appear in a "subsequent issue.° Revised.
2,721188
3,1181,1514, 461
27, 04322.7004, 343
48
24, 49928,340
33.431,607
48,19089
18. 0018.94
20.391,930
September 1934 SURVEY OF CUERENT BUSINESS 47
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April May June
METALS AND MANUFACTURES—Continued
IRON AND STEEL— ContinuedIron, Manufactured Products
Cast-iron boilers and radiators:Boilers, gas-fired:
Production thous of B t uShipments, quantity thous. of B.t.u..Shipmerits, value .dollars--Stocks, end of month thous. of B.t.u..
B oilers, range: tOrders:
New number of boilers. _Unfilled, end of month, total
number of boilers-.Delivery, 30 days or less
number of boilers _ _Delivery, more than 30 days
number of boilers. _Production number of boilers. _Shipments __ number of boilers ._Stocks, end of month. .number of boilers..
Boilers, round:Production thous. of lb__Shipments thous. of lb_.Stocks, end of month thous. of lb._
Boilers, square:Production thous. of lb__Shipments thous. of lb__Stocks, end of month. thous. of lb._
Boiler fittings, cast iron:Production short tons..Shipments short tons. _
Boiler fittings, malleable:Production short tons-Shipments short tons..
Radiators:Production- .thous. of sq. ft. heating surface. _Shipments thous. of sq. ft. heating surface..Stocks, end of month
thous. of sq. ft. heating surface..Radiators, convection type: *
New orders:Heating elements only, without cabinets or
grilles. -thous. of sq.ft. heating surface t-_Heating elements, including cabinets and
grilles, .thous. of sq. ft. heating surface t—Sanitary Ware
Bathroom accessories: tProduction number of piecesShipments number of pieces. .Stocks, end of month number of pieces. .
Plumbing brass. (See Nonferrous metals.)Plumbing and heating equipment, wholesale
price (8 pieces)* dollars..Porcelain enameled flatware:
Orders, new, total dollars..Signs dollars-Table tops dollars. .
Shipments, total. _ dollars..Signs - . -dollars. .Table tops dollars.-
Porcelain plumbing fixtures:Orders:
New, net number of pieces--Unfilled, end of month-number of pieces..
Shipments number of piecesStocks, end of month number of pieces. _
Vitreous-china plumbing fixtures:Orders:
New net number of piecesUnfilled, end of month. number of pieces ..
Shipments number of piecesStocks, end of month number of pieces__Steel: Crude and Semimanufactured
Bars, steel, cold finished, shipments.short tons..Castings, steel:
Orders, new, total short tons,.Railroad specialties short tons..Percent of capacity
Production, total __ _ short tonsRailroad specialties short tons-Percent of capacity
Ingots, steel: §Production thous of long tons
Percent of capacityPrices, wholesale:
Composite, finished steel.. dol. per lb__Steel billets, bessemer (Pittsburgh)
dol. per long ton. _Structural-steel beams (Pittsburgh)
dol. per l b__Steel scrap (Chicago) dol. per gross ton_.
U.S. Steel Corporation:Earnings, net thous. of dol..Shipments, finished products * long tons__
33, 576
9,738
7, 844
1,89433, 25533, 74633, 869
3 3333, 523
o 9<;9
2, 180
77
128
156 270150,739383 161
217.88
594, 146226 883110 079738, 460304 752106,273
1 7854.3901 954
30,762
1 10 °0997,710
115 899658, 788
1 ^73' ^27
. 0246
27.40
,01819.55
369," 938^
43, 85770, 78758, 252
495, 150
50, 300
25, 699
22, 245
3,45454, 42750, 39435, 668
4,1683,954
28, 335
14, 84812, 124
122, 118
4,4176,072
4,1074,499
3,3683,727
35, 346
55
173
235 443229, 858384 068
203. 56
692, 240236 173176 416643, 164194 766183, 603
3 2454,5372 933
10, 635
133 608241, 362211 749311, 183
36 538
29, 5057,562
2029 2406 304
20
3 16858
.0217
26.00
.016010.41
~701,322~
52, 73761, 44656, 558
486, 438
72, 351
35, 360
32, 229
3, 13164, 88762, 69037, 865
5, 4084, 357
29, 394
15, 24014, 685
121,451
6,0255,640
4,4363,876
5,3554,354
36, 317
64
173
263 940276, 601371 407
205. 78
672, 671236 017218 010698, 452239 526.244, 588
4 2405,4813 2119,' 716
180 379231,818189 923325, 530
46 312
28 9627,976
2031 1576 767
2 86449
.0217
26.00
.016010. 45
"668," 155"
52, 73761, 44656, 558486, 438
72, 351
35, 360
32, 229
3, 13164, 88762, 69037, 865
5, 4084, 35729, 394
15, 24014, 685121,451
6,0255,640
4,4363,876
5,3554,354
36, 317
64
173
263, 940276, 601371, 407
205. 78
672, 671236, 017218, 010698, 452239, 526.244, 588
4,2405,4813,2119,716
180, 379231,818189, 923325, 530
46, 312
28, 9627,976
2031, 1576J 767
21
2,86449
.0217
26.00
.016010. 45
"668," 155"
84, 66795, 76590, 566473, 506
37, 800
17, 744
16, 054
1,69056, 15155, 41638, 600
5,0766,13728, 548
15, 24820, 509117,419
4,4304,575
3,1472,667
4,3285,173
35, 614
68
163
227, 363231, 814366, 956
215. 02
638, 236233, 255166, 039620, 876203, 417182, 013
5,4527,2143, 5529,509
103, 475173, 019162, 274348, 233
35, 468
22, 7406,240
1625, 5585,' 025
17
2,28340
.0220
26.00
.01619.84
11,817575, 161
69, 68093, 86090, 742449, 326
34, 273
7,612
5,726
1, 88646, 36644, 40540, 561
5,8209,37425, 329
11,33624, 841104, 835
4,9914,965
2,8392,206
3, 2736,076
32, 926
137
172
348, 414357, 964357, 406
214. 96
609, 456264, 38482, 274618, 572251, 12097, 210
2,2426,2013,1359,402
46, 981120, 59799, 403414, 906
27. 877
23, 6086, 518
1625, 4595 978
17
2,08537
.0226
26.00
.01709.33
572, 897
24, 81347, 84346, 783426, 297
29, 174
6,905
5,407
1, 49828, 58929, 88139, 269
4.5315, 50024, 636
10, 62214, 622100, 784
4,6984,467
2,1841,680
2,9894,794
31, 249
123
160
191, 441182, 852365, 995
209. 82
668, 426446, 10144, 194536, 450219, 76250, 208
5,8319,2642,54810, 076
31, 37087, 76864, 199477, 474
21, 792
23, 4443, 974
1622, 6154^433
15
1,52127
.0226
26.00
.01708.56
430, 358
18, 26837, 60934, 155406, 956
30, 509
13, 307
6,275
7, 03222, 20527, 12533, 897
3,4143,15635, 005
9,0489,06489, 667
3,3443,592
1,5811,627
1, 6552,870
30, 029
95
96
94, 14188,297361, 424
204, 10
346, 459173, 67642, 609439, 693257, 02148, 538
1, 5988,9471, 56210, 071
35, 06780, 17342, 662579, 227
42, 036
23, 3784, 775
1621. 6094J912
15
1,79933
.0231
26.00
.01708.94
5,537600, 639
45, 788
20, 555
16, 454
4,10143, 46638, 54038, 823
4,8902,82335, 685
9,9808,30096, 896
4,9086,362
2,5703,414
2,2662,484
30, 295
126
60
169, 894174, 069357, 249
204. 17
391, 358165, 40262, 019472, 676238, 11062, 900
1,8188,7221,9099,162
56, 57781, 33455, 416643, 054
19, 409
1,97133
.0231
26.00
.017010.50
331, 777
88, 274
21, 725
19, 002
2,72380, 66887, 10432, 387
4,2463,08140, 012
11, 4288,710
104, 263
4,2373,572
2,6102,390
2,4092,307
30, 593
45
76
147, 407136, 027368, 629
204. 74
521, 796155, 005106, 895530, 096204, 81799, 155
1,5088,3201,7799,575
79, 10689, 87870, 688660, 658
25, 989
2,18341
.0231
26.00
.017011.00
385, 500
39, 974
14, 368
12, 044
2,32449, 10046, 30135, 186
4,9132,82740, 558
15, 2558,241
108, 077
4,1783,184
2, 7302,094
2,9232,182
31,365
77
97
167, 684161, 893374, 420
203. 50
731, 321197, 691105, 844715, 665231, 974114,041
1,4556,8882, 5948,951
60, 04575, 19874, 725
683, 797
27, 838
2,76146
. 0231
26.00
. 017012.13
6,579588, 209
39, 326
17,013
13, 101
3,91235, 96036, 68134, 465
3,9822.54442, 012
11, 9658,287
111,800
3,6673,564
2,4502,175
2,6632,682
31, 389
30
135
108, 593106,716376, 297
217. 40
817,818286, 555119,387722, 258215, 673117,335
1,7876,2762,0749,140
93, 68880, 45088, 436700, 419
28, 885
2,89853
.0240
26.75
.017011.75
643, 009
35, 683
11,338
8,688
2, 65041,02]41,35834, 128
4,1332, 65943, 585
15, 0148, 332
118,411
3, 5573, 604
2, 8562, 570
3, 9692,630
32, 775
45
95
233,176219, 629383, 646
216. 88
899, 506343, 340112,965842, 156302, 888110,862
1,8225, 2772, 35410, 422
116,52387, 095109,878693. 986
r;0, S'G9
3,35356
.0253
29.00
.018510.95
745, 063
0 34, 627
11,818
9, 150
2, 668« 34, 741« 33, 18034, 902
3,3422, 36144, 544
15, 49810,029123,956
3, 4953,586
2,4362, 445
3,9643,197
33, 537
52
122
222, 872223, 461383, 557
218. 91
« 736, 858266,811107, 398
« 826, 975307, 511116,601
1,7224, 8521, 769
10, 981
127, 557103, 400IH, 252677, 83C
29, 940
3,01653
.0253
29.00
.01859.75
21, 082985, 337
* New series. For earlier data, see p. 20 of the January 1933 issue price series and for United States Steel Corporation shipments, see p. 18 of the January 1934 issueEarlier figures on convection-type radiators not published.
t In equivalent direct radiation.t Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue.§ Data for 1933 revised; January production revision 1017, February 1073, March 898, April 1345, May 1976; percent of capacity, March, 15. For 1932 revisions, see p. 43
of the July 1933 issue.0 Revised.
48 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1031,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October N^><^
1934
January Febru-ary March April May June
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued !
Steel: Manufactured Products
Barrels, steel: 'Orders, unfilled, end of month number,.Production.. ... . . number .
Percent of capacityShipments niiToborStocks, end of month .. number .
Boilers, steel, new orders:Area thous. of sq. ft_.-Quantity number of boilers...
Furniture, steel:Business group:
Orders:New thous. of dol -Unfilled, end of month thous. of dol._
Shipments.. thous. of dol..Shelving:
Orders:New thous. of doL.Unfilled, end of month thous. of doL.
Shipments thous. of dol. .Safes:
Orders:New thous. of dol .Unfilled, end of month thous. of dol._
Shipments thous. of dol_.Lock washers, shipments thous. of dolPlate, fabricated steel, new orders, total
short tons..Oil storage tanks _ short tons .
Sheets, black, blue, galvanized, and full fin-ished:
Orders:New _. _. short tons _Unfilled, end of month short tons..
Production, total short tons _ .Percent of capacity
Shipments _ _ . short tons _Stocks, end of month, total short tons..
Unsold stocks short tonsTin and terne plate:*
Production thou^. of long tonsTrack work, production short tons..
MACHINERY AND APPARATUS
Air-conditioning equipment:Orders, new, total thous. of dol._
Air-washer group thous. of dolFan group . thous. of dolUnit-heater group thous . of dol . .
Electric overhead cranes:Orders:
New . thous. of dolUnfilled, end of month thous. of doL.
Shipments thous. of doL.Electrical equipment. (See Nonferrous metals.)Exports, machinery. (See Foreign Trade.)Foundry equipment:
Orders:New 1922-24 = 100..Unfilled, end of month 1922-24 = 100. .
Shipments 1922-24=100..Fuel equipment:
Oil burners:*Orders:
New .no. of burners..Unfilled, end of month. _no. of burners--
Shipments no. of burners..Stocks, end of month no. of burners..
Pulverized fuel equipment:Orders, new, storage system:
Furnaces and kilns... no. of pulverizers _.Water-tube boilers ...ne. of pulverizers ..
Orders, new, unit system:Fire-tube boilers _no. of pulverizers. .Furnaces and kilns—.no. of pulverizers..Water-tube boilers no. of pulverizers. _
Stokers, mechanical, new orders:Class 1 residential* numberClass 2, apartment and small commercial*
niiTnbprClass 3, general commercial and small com-
mercial heaters* numberClass 4, large commercial:*
NumberHorsepower
Machine tools:Orders:
New* 1926 = 100 .Unfilled end of month 1922-24—100
Shioments 1922-24= 100. _
684, 403519, 444
41.9528, 84731, 755
377455
8661,047
863
222191231
136200130
12,4132,028
72,51769, 47285, 286
26.285, 442
110, 40071, 362
5, 226
1, 157252500406
50.743.167. 2
7,7863, 3106,399
18, 724
00
00
15
34.7
647,924555, 404
41.0552 92328,668
611498
607541523
«183« 208"159
129213119156
20, 3916 013
174 191228 696188, 143
58 0174 145104, 81542 095
1882,982
794144437213
159349
75
48.835.838.3
9,9713,5198,778
10, 338
00
029
668
^3
81
17041 249
29.95936
534,549 | 539,846480, 670 519, 191
35.5 i 38.3470 632 524,71938, 706 33, 178
994 428511 447
837 869684 819693 734
194 142222 200179 164
120 93225 192107 126152 122
16, 320 16, 1662 581 1,033
158 830 145,320212 879 194, 223203 893 180,304
62 8 1 55. 5174 480 ! 163,634115 876 H5, 18351 293 53, 617
9QO ' 1953,425 3,845
913 873i 82 941 431 491| 399 287
i 43 i 77! 319 ! 303i 66 i 93
j
! 56.3 ' 34.935.3 32.049.7 , 41.5
i 13,518 15,2454,950 1 4,574
12,087 ! 15,62111,014 i 12,238
0 i 04 ; 0
i 3 23 2
11 ! 23
i i 199 2 102
! gg i 188
136 142
213 17640 644 29 042
i 31 8 30.9j 74 86
39 i 43
492, 072798, 981
58.9789, 47442, 685
427395
800794825
185239146
98158132118
17, 9641, 434
79, 141102, 262146, 106
45.0174, 829105, 33152, 353
1883,006
83064
373393
43195151
42.631.742.1
12, 2422,594
14, 22212, 696
00
317
1 896
208I U8
209
16225 464
i 37.210552
333, 443577, 017
42.6582, 29937, 403
287296
865764800
191234196
136147147118
14, 4663,734
88, 35494, 270
102, 58531.6
99, 499105, 95055, 495
1863, 087
74766
340341
9423454
36.629.638.3
5,8712,1136,352
13, 999
00
00
15
1 048
150
101
16829 891
45.9j 116i 63
597, 453556, 586
41.9556, 62737, 151
309328
964719
1,040
288231200
125151113170
13, 6922,160
110, 26392, 831
113,11134.9
111, 867101, 22051, 622
1752, 759
76050
363346
12027975
43.835.238.2
3,0671,6403,439
13, 684
10
018
715
115
90
11317 967
70.017869
527, 377662, 293
48.8660, 68838, 479
236249
1,059781997
260276215
131156126190
15, 8973,754
209, 463166, 182163, 622
50.4130, 878106, 31054, 922
852,811
62957
307265
3826054
37.233.833.4
3,2341,4763,259
14,882
0o004
53.7i 207i 63
500, 355521, 950
38.6520, 98739, 442
227212
1,023910894
274272279
143174126174
14.Q412,476
184, 355206, 292194, 830
60.0146, 905117, 23063, 600
1013,310
63152
282297
5221670
65.856.342.9
2,9411,6042,813
14,609
00
216
50.920597
726, 569620, 439
46.0628, 48531, 396
376294
1,020975956
396272395
158166166231
38, 9242,202
158, 244159, 672220, 282
67.8200, 701114,93457, 722
1644,446
881198353329
31947988
75.451.562.6
5,0151,6524,967
13, 797
00
045
48.1
820, 884589, 182
43.6590, 33730, 241
441380
9721,013
934
321246346
154157164246
20, 0852,998
272, 412251, 123214, 522
66.0184, 042135, 79653, 683
1606,132
1,097261533303
12352280
67.963.055.5
7,4792,4866,645
13, 627
02
20
12
46.5
865, 012431, 567
34.3426, 17535, 633
277304
1,039975
1,011
343301288
159160161238
21,8918,746
246, 315257, 845256, 537
79.0240, 730137, 51048, 714
1665, 764
1,153300490363
8951899
66.552.175.6
8,0032,6187,871
14, 988
20
010
45.9
935, 651612, 695
48.7607, 69241, 158
360415
1, 1151,0441,046
253200354
186194153201
« 27,39511,019
114,85574, 392
199, 43861.4
301, 832106, 95056, 666
1506,184
1,094241518335
84477123
70.457.864.3
5,4451, 9235,536
17, 823
00
I4
35. 3l1
a Revised.*New series. For earlier data see p. 20 of the December 1932 issue, tin and terne plate, p. 19 of the January 1933 issue, stokers, p. 20 of the July 1934 issue for new orders
machine tools (including forging equipment). Current oil-burner series available only back to January 1933 are based on reports from 149 concerns, See p. 48 of theMay 1934 issue for January, February, and March 1933 data.
September 1934 SURVEY OF CURRENT BUSINESS 49
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
i1933 1934
July August Septem-ber October Novem-
berDecem-
ber January Febru-ary March April May June
METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS— Con.
Pumps:Domestic, water, shipments:
Pitcher, hand, and windmill units-Power, horizontal type units
Measuring and dispensing, shipments-Gasoline:
Hand operated unitsPower units--
Oil, grease, and other:Hand operated ..units..Power.__ _ units.-
Steam, power, and centrifugal:Orders:
New _ thous. of doL.Unfilled, end of month thous of dol
Shipments _ thous. of dolWater-softening apparatus shipments unitsWater systems, shipments unitsWoodworking machinery:
Orders:Canceled thous. of dolNew thous. of doL.Unfilled, end of month thous. of doL.
Shipments:Quantity machinesValue _-- thous. of doL.
NONFERROUS METALS ANDPRODUCTS
MetalsAluminum:
Imports, bauxite # long tons..Wholesale prices:
No. 1, virgin, 98-99, N.Y dol. per lb_.Scrap, cast, N.Y dol. per lb_.
Babbitt metal:Production, total thous. of lb_.
For own use thous. of lb._Sales._. thous. of lb_-
Copper:Exports, refined § * short tonsImports, total § # short tons
Ore and blister short tonsPrice, electrolytic, N.Y dol. per lb_.
Gold. (See Finance.)Lead:
Ore:Receipts in U.S. ore short tonsShipments, Joplin district short tons..
Refined:Imports # short tonsPrice, pig, desilverized, N.Y dol. per lb._Production short tons..Shipments, reported short tonsStocks, end of month _. short tons
Silver. (See Finance.)Tin:
Consumption in manufacture of tin andterneplate* long tons
Deliveries . long tonsImports, bars, blocks, etc. # long tonsPrice, Straits, N.Y dol. perlb_.Stocks, end of month:
World, visible supply long tonsUnited States long tons
Zinc:Ore, Joplin district:
Shipments . _ short tonsStocks, end of month short tons
Price, slab, prime, western (St Louis)dol. per lb._
Production, total (primary) §... short tons..Retorts in operation, end of mo number. .Shipments, total § short tons
Domestic § short tons..Stocks, refinery, end of month §. short tons..
Elcctrieal Equipment
Conduit, nonmetallic, shipments thous. of ftDelinquent accounts, electrical trade. (See
Domestic trade.)Furnaces, electric, new orders kilowatts.-Electrical goods, new orders f (quarterly)
thous of dolLaminated phenolic products, shipments
dollars ._Mica, manufactured:
Orders, unfilled, end of monththous. of doL _
Shipments thous. of doL.Motors (direct current):
Billings (shipments) dollars..Orders, new dollars. .
Panelboards and cabinets, shipmentsthous. of dol._
27, 851891
4883, 193
5,242488
541
13, 249
.2095
.0938
1,940552
1,388
25 32414 78014, 724.0878
1,518
1 719.0377
27, 35429, 479
240, 595
3 5754,900.5192
16, 3136, 461
11,82013 368
.043224, 94330, 32426 95026, 95097, 682
479
667, 198
57106
44, 036524
1,4646,733
20, 702646
7321,475
517197
7,560
5370369
228322
12, 732
.2290
.0663
2,485544
1,941
12 59214, 64414, 642.0864
17, 8772,908
58.0445
18, 52645, 177
171, 275
2,9206 5408,449.4638
38, 0434,549
22, 11114, 621
.048830, 86525, 83645, 59945, 577
108, 157
2,194
783
578, 503
148118
219,601376, 758
165
42, 713509
1,1905,197
15, 621774
7861,616
642232
7,563
1333346
219337
8,304
.2290
.0738
2,754694
2,060
12 95514, 33514, 319.0877
21, 9584,093
674. 0450
18,61136, 054
160, 211
3,1108 020
0 9, 166.4474
33, 5345,788
26, 60510 496
.049233, 51027, 22042 40342, 38199, 264
2,803
936
608, 788
124130
289, 101453, 476
167
34, 051396
8513,683
10, 5881,005
7711,775
609329
6,084
6309306
238337
16, 262
.2290
. 0738
2,419615
1,804
12, 12717, 40317, 343.0875
26, 3695,333
0 84.0450
28, 02129, 129
166,201
3,0305, 1055,885.4665
30, 1626,003
28, 95214, 064
.047033, 27925, 41634, 27934, 27998, 264
1,293
1,452
98, 768
585, 454
136106
255, 170253, 015
148
24, 468505
3791,751
7,889916
6381,798
608227
4,378
8240262
202273
21, 636
.2290
.0738
2,091536
1,555
10, 7338,1648,164.0795
29, 8473,495
645.0431
35, 39933, 314
174, 721
2,9206, 0356,895.4792
27, 9406,664
24, 63713, 787
.047535, 14126, 82037, 98137, 93795, 424
1,069
664
561, 984
157111
238, 047272, 973
162
20, 178427
2741,103
6,517683
6071,714
687200
3,045
26214256
131192
13, 633
.2290
.0738
1,964357
1,606
13, 10815,33815, 334.0788
28, 9412, 224
933.0429
38, 45930, 719
187,814
2,8803,3503,335.5307
26, 0756, 769
19, 08315, 514
. 045232, 58228, 14226, 78326, 783
101, 223
1,252
981
493, 125
107100
295, 298283, 037
191
17, 539395
2621,356
3,003342
5451,526
704196
2,631
8209215
143243
7,958
.2290
.0788
1,459416
1,043
<» 15,96218, 29018, 287.0789
27, 4711,590
1,732.0414
36, 64926, 034
203, 061
2 7103,1304,425.5287
23, 8127,504
28, 25512, 000
.044632, 02227, 19027, 68527, 663
105, 560
814
829
88, 544
438, 483
124120
414, 804375, 719
205
21, 242317
4881,262
4,468411
663
248
9279277
136213
14, 365
.2290
.0836
2,256417
1,839
14, 45916, 09215, 700.0789
25, 5921,524
826.0400
34, 81833,911
207, 674
1,3203,310
0.5188
22, 4768,209
20, 80219, 428
.042732, 95428, 74426, 53226, 488
111,982
1,606
1,147
601, 395
14299
220, 776235, 394
148
32, 734450
6591,890
5,323621
469
8286303
199244
13, 936
.2095
.0981
2,147431
1,716
19, 3955,7855,533.0778
22, 1371,404
0.0400
31,89225, 778
216,224
1,5702, 9401,944.5162
21, 6947,014
21,60014, 778
.043830, 17230, 76332, 36132, 361
109, 793
1,097
1,422
566, 490
112121
309, 232215, 558
152
30,620639
8341,894
5,119404
727
6292250
199342
13, 534
. 2095
.1025
2,474498
1,976
24,21025, 38224,729.0778
24,3753,597
1,928.0400
31, 37930, 365
221, 465
2,5403,8353,569.5374
20, 4236,459
26,48717. 211
.043733, 72126, 95232, 75332, 750
110, 761
1,111
1,462
92,302
844, 449
78158
274,937337, 280
192
26,887553
6852,745
6,678613
654
256263
143247
10, 576
.2095
.1069
2,528564
1,964
24, 92513, 72413, 418.0817
24. 0052,933
955.0418
28,72330, 673
222, 892
2,4804,4053,307.5560
17, 7045,649
25, 68916, 562
.043730, 56226, 69231, 94831, 948
109, 375
1,488
1,415
780, 160
78111
287, 031245, 784
197
29, 848777
6923,327
6,960608
665
244225
172292
16, 685
.2095
.1106
2,426536
1,890
22, 30615, 24715,011.0828
25, 7293,390
1,537. 0414
34, 74129, 316
233, 245
2,5704,4103,932.5352
17, 3715,089
25, 30017, 922
. 043530, 99227, 19335, 63535, 635
104, 732
1,981
« 1,090
760, 788
63147
280, 771321, 483
225
34, 320715
7732,712
5,526579
703
3237233
123220
13, 394
.2095
.1003
2,262643
1,619
30 72123, 22623, 221.0859
22, 369« 5, 082
1,662.0398
29, 69528,276
238, 181
2,3303,8454,242.5122
17, 2515,094
34, 93421, 788
.042425, 14331, 28430, 18630, 13899, 689
1,551
484
128, 034
804, 870
53114
335, 307366, 613
204
• New series. For earlier data, see p. 20 of the December 1932 issue.• Revised.t Revised series. For earlier data see p. 19 of the August 1933 issue.• Data on exports revised for 1933. For revisions of months notshown above see p. 20 of this issue.
§ Data for 1932 revised. For revisions see p. 48 of the June 1933 issue, exports ofrefined and total imports of copper; for revisions of 1933 on zinc, see p. 49 of theFebruary 1934 issue.
# See footnote on p. 35 of this issue. Data for 1933 revised. Revisions for suchmonths not shown above will appear in a subsequent issue.
50 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April 1 May June
METALS AND MANUFACTURES—Continued
NONFERROUS METALS ANDPRODUCTS— Continued
Electrical Equipment— Continued
Porcelain, electrical, shipments:Special... _. dollars--Standard dollars. _
Power cables shipments thous of ftPower switching equipment, new orders:
Indoor. _ ._ dollars..Outdoor dollars..
Radiators, convection type. (See Iron andsteel.)
Reflectors, industrial, sales units..Vacuum cleaners, shipments:
Floor cleaners number..Hand cleaners * number
Vulcanized fiber:Consumption thous of IbShipments thous. of dol_.
Welding sets, new orders:Multiple operator units. .Single operator units..
Miscellaneous ProductsBrass and bronze (ingots and billets):
Deliveries net tonsOrders unfilled end of month net tons
Brass, plumbing:Shipments* ._ number of pieces..
Brass sheets, wholesale price, milL.dol. per lb_.Copper, wire cloth:
Orders:Make and hold-over, end of month
thous. of sq. f t ._New _ thous. of sq. ft..Unfilled, end of month thous. of sq. ft..
Production -.thous. of sq. ft ._Shipments thous. of sq. f t_ .Stocks, end of month thous. of sq. f t_ .
Fire-extinguishing equipment. (See auto-mobiles.)
337
40, 06512 025
1 839316
693, 91 1.145
49282423281300718
45, 92230, 498
245
26, 00065, 354
46, 453
35,00010, 673
2,032434
2200
5 60115, 657
1,112,013.140
272379735400477738
59, 12047, 342
344
27, 61365, 875
49, 945
43, 91613, 198
1,948446
6143
5 02714, 664
1,060,739.147
289491729444492682
53, 04637, 186
313
27,91181, 635
50, 484
61,34018, 317
1,963412
0147
4 38614, 065
844, 606.148
249362657460466680
59,02825, 118
404
28, 61947, 550
59, 451
59, 24615, 945
1,876406
0141
3 76413, 678
695, 863.148
107316603459489636
51, 73623, 738
312
27, 17838, 321
47, 770
62, 00013, 856
1,798353
9176
2 66313, 465
526, 883.148
97325568391351657
42, 43314, 657
173
31, 34739, 083
53, 768
60, 00018, 357
1,591313
4306
2 14514 447
347, 988.139
93249460364339698
30, 42620, 543
177
32, 28938, 002
49, 978
45, 00614, 802
1,741313
4219
552, 353.138
80368459356312714
28, 56817, 244
180
33, 12243, 075
45, 604
54,00011 908
1 464294
4252
660, 820.138
76307451324311714
43, 43322, 403
390
33, 90392,297
48, 456
78,47523 461
1 908387
2335
799, 592.138
63691798430384748
40, 37427, 666
321
35, 47586, 788
52, 453
65, 52618 759
1 767357
9332
704, 816.140
56314745418378788
42 30722 169
312
33 283115 806
57 641
65, 21391 738
1 912*432
1395
788,911.143
51279622350325814
51 35921 539
363
27 61190, 477
46 681
50, 34820 014
1 833451
1333
740, 222.144
48238461343401725
PAPER AND PRINTING
Chemical: WOOD ™LP
Consumption and shipments, total tshort tons
Soda short tonsSulphite total short tons
Bleached short tonsUnbleached short tons
Sulphate short tonsImports t # short tonsPrice, wholesale, sulphite, unbleached
dol. per lOOlb..Production total f short tons
Soda short tonsSulphite total short tons
Bleached short tonsUnbleached short tons
Sulphate short tonsMechanical (ground wood) : f
Consumption and shipments short tonsImports # short tonsProduction short tons
Total paper: PAPEB
Production f short tonsShipments t short tons
Book paper:Orders, new:
Coated percent of normal production..Uncoated percent of normal production
Orders, unfilled:Coated number of days' productionUncoated number of days' production..
Production f short tonsPercent of capacity ._ .. .. .
Shipments f short tonsNewsprint :j££
Canada: ^ g|Exports short tonsProduction short tonsShipments from mills. short tons..Stocks, at mills, end of month. .short tons..
United States:Consumption by publishers short tons..Imports #. short tons..Price, rolls, contract, destination, N.Y.
bases dol per short tonProduction, total short tons..Shioments from mills short tons .Stocks, end of month:
At mills... short tons..At publishers short tonsIn transit to publishers short tons..
150, 031
2. 10
21 037
212 845208, 238199, 92655, 099
197, 227
40 0076, 18470, 133
30, 174
271, 53331,428
120 66579, 94240 723
119,440* 178, 606
1.64269, 16630, 365
120, 30981,07739, 232
118 492
113,21523,612
105,316
923, 842941, 341
5259
68
92 060
97, 860
167, 303«182, 5310 183, 802«41,918
132, 482« 163, 434
40 00"80, 396«82, 925
«36, 146157, 11826. 278
307, 19232, 345
134 88465, 91968 965
139, 963194, 641
1.75309 06533, 039
134 93465, 20269, 732
141 092
116 27521,354
103, 540
925 347921, 401
6170
710
98 842
98 644
165, 880196, 036196, 13641, 826
127, 837151, 210
40 0087, 95786, 077
21, 407171,01130. 934
298, 68031,261
143 91274, 39769 515
123, 507192, 338
1.79303 19531, 834
146 48078, 39568, 085
124 881
99 72624, 90992 083
852 366854, 959
5268
79
99 746
100 943
177, 806179, 655183, 99437, 237
134, 306177, 750
40 0072, 09174, 139
19, 152177, 73234. 214
303, 62032, 637
147 78367,77080 013
123, 200191, 019
1.91306 57633, 000
150 25368 52481, 729
123 323
102 65430, 966
103, 274
797 014789 048
5358
66
90 708
89 710
171 947188, 827187, 73438, 41f
152, 098175,711
40 0082. 05281, 580
18, 991178, 15936. 679
267, 38328 081
144 47254, 41290 06094, 830
218, 833
1.95275 40528, 831
149 80957, 15592, 65496 765
108 45625, 912
108 024
785 374754, 153
5263
57
90 534
88 271
162, 293204, 136211,52030, 858
154, 934176, 766
40 0087, 56786, 829
19, 676184, 87540. 746
278, 55133 897
153 57965, 05088 52991, 075
°158, 815
1.95275 70034, 448
151 43464, 72686, 70889 818
105 101°15,872107, 465
738 266733, 585
5059
77
85 419
88,580
185, 637175, 304172, 28533, 847
148,427168, 787
40 0080, 89582, 031
18, 566199, 84537, 557
139, 835
2.10
14, 713
5154
65
187, 821188, 381186, 80534, 711
140, 955168, 752
40.0084, 89784, 629
17, 784208, 89534, 737
144, 133
2. 10
11,408
5761
55
131,919174, 447169, 05440, 445
153, 958124, 584
40.0071, 54468, 127
22, 060192, 80838, 345
109, 405
2.10
9,239
6764
5
239, 443211,819207, 90642, 973
156, 721168, 839
40.0084, 96688, 078
18, 630192, 33545, 749
77, 150
2.10
14, 243
6363
65
157, 031216, 510220, 76937, 247
160, 815196, 490
40.0080, 50583, 196
22, 335202, 46743, 432
125, 486
2. 10
17, 555
5961
54
222, 071242, 490236, 76442, 459
193, 088204, 036
40.0089, 72689, 957
20, 337216, 06146, 200
136, 947
2. 10
11,051
6759
54
202, 177229, 637225, 44948, 782
154, 175200, 004
40 00a 82, 260« 78, 480
24, 080241, 13628. 915
* New series. For earlier data on hand vacuum cleaners see p. 20 of the August 1934 issue. Data prior to July 1931 not published on brass plumbing fixtures.t Revised series. For earlier data see pp. 18, 19, and 20 of the November 1933 issue for chemical, mechanical wood pulp, and total paper; p. 49 of the June 1933 issue for
1932 for chemical wood pulp imports; and p. 19 of the December 1933 issue for book paper.* See footnote on p. 35 of this issue. Data for 1933 revised. Revisions of such months not shown above will appear in a subsequent issue.* Revised.
September 1934 SURVEY OF CURRENT BUSINESS 51
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March | April | May June
PAPER AND PRINTING—Continued
PAPER— ContinuedPaper board: *
Production. .short tonsShipments short tons
Box board: §Consumption, waste paper short tons..Orders:
New _ .short tons..Unfilled, end of month short tons__
Production short tons..Operations, percent of capacityShipments short tonsStocks, end of month short tons..Stocks of waste paper, end of month:
At mills short tonsIn transit and unshipped purchases
short tonsWriting (fine) paper: t
Production short tonsPercent of capacity
Shipments! short tonsWrapping paper:
Production! short tons .Percent of capacity
Shipments! - -. _ short tonsAll other grades:
Production! short tonsShipments! . short tons _
PAPER PRODUCTSAbrasive paper and cloth, shipments:
Domestic reams--Foreign _ _ _reams--
Paper board shipping boxes:Operating time total percent of normal
Corrugated . percent of normalSolid fiber percent of normal
Production total thous of SQ ftCorrugated thous. of sq. ftSolid fiber thous of sq ft
PRINTINGBlank forms, new orders thous. of sets..Book publication, total.. .number of editions..
New books number of editionsNew editions number of editions
Operations (productive capacity) .__1923=100_.Sales books
Orders, new thous of booksShipments -thous. of books-.
46, 0508,100
63, 13348538699
11, 42211,357
364, 253368 624
204, 640
268, 546128, 638283, 272
79.0246, 99466, 371
77, 527
23,816
52 53783
52 274
152, 334106
153, 857
179, 788183, 204
59, 7846,945
9110065
631, 484513, 490117 994
72, 09966055410663
13, 07811, 097
368, 464371 043
226, 455
307, 321118, 298312,747
77.3252, 03663, 965
82, 838
21, 857
53 94378
53 727
160, 982105
161, 143
153, 973149, 662
67, 4426,739
909770
600, 157481, 396118 761
94, 2445724918184
13, 36411,950
349, 903349, 553
187, 837
238, 771105, 423252, 452
70.7226, 33665, 110
105, 471
20, 245
42, 76776
41, 441
140, 33498
136, 826
143, 470147, 918
61, 6566,699
818764
566, 267452, 869113 398
60, 00982469912568
10, 95810, 483
301, 868307, 000
161, 595
185, 02662, 177
228, 41660.1
191, 98963,315
119, 809
15, 374
46, 63670
43,232
129, 65889
123, 045
142, 792141, 221
80, 3667,823
717849
493, 888395, 81498 074
69, 31875464311171
9,69711, 627
292, 741276 348
145, 307
199, 05955,080
206, 93354.1
175, 14870,263
137, 287
30 143
40 95861
38 378
109, 74275
109, 303
160, 313151, 496
44, 5958,972
637040
422 365335, 55186 814
69, 32965254510774
9,34110, 538
265, 468264 672
121, 703
169, 11648, 920
176, 33747.1
152, 71264,965
150, 645
20, 577
43,23665
39, 993
99, 25970
100, 053
157, 350151, 528
29,58111, 733
566337
378, 189303, 10175 088
60,08388276411874
11, 2019,668
170, 763
218, 16963,328
230, 31157.3
187, 55777, 825
176, 761
27, 679
41,3119,450
62,6424703937772
9,43011,219
176,423
234,31875, 143223,366
63.5192,68575,687
193,321
36, 865
46, 23510, 947
60, 7896305399174
9,7339,932
222, 074
264, 98586, 033
254, 81963.4
221, 11484,326
204, 259
31, 296
56,81115, 322
72,20480667712976
12, 13510, 953
191, 545
230, 75476, 578
244, 33466. 1
213, 95682, 190
213, 308
28 443
57, 0977, 312
70, 2095854919476
9,78210, 655
167, 978
225 95780, 958
223, 47855.4
197, 543a 74, 670
223 262
27 882
58. 121LI, 854
72, 167542457S578
11,65011,395
205, 418
214 23672, 990
224, 21457.1
190 89670, 711
219 847
15 950
54, 1858,030
92, 18269856413471
11,12711,470
RUBBER AND RUBBER PRODUCTS
CRUDE AND SCRAP RUBBERCrude:
Consumption, total long tonsFor tires J! _ . ._ . long tons _
Imports, total, including latex ! #.!ong tons.Price, wholesale, smoked sheets, N.Y.
doL per lb..Shipments, world . long tonsStocks, world, end of month ! long tons..
Afloat, total long tonsFor United States long tons..
London and Liverpool long tons..British Malaya . . . long tons .United States! long tons. _
Reclaimed rubber:Consumption long tons.-Production long tonsStocks, end of month_ long tons_.
Scrap rubber:Consumption by reclaimers long tons...
TIRES AND TUBES JPneumatic casings:
Production thousands _Shipments, total thousands
Domestic thousands.-Stocks, end of month thousands
Solid and cushion tires:Production . _ thousands--Shipments, total thousands_-
Domestic thousandsStocks, end of month thousands
Inner tubes:Production „ thousandsShipments, total thousands--
Domestic thousands--Stocks, end of month . thousands .
Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics thous. of lb_..
30 035
42, 674
.14665, 000
676, 88297 33657, 336
105, 989106 448365, 000
7,0069 446
22, 035
v 3, 278P 4 050•p 3, 974p 9, 168
p 19P 17•p 16v 32
p 3,410P 4, 150p 4, 091v 7, 858
43, 66028,98945, 243
.07874, 000
619, 75296, 79471, 79499, 90688, 199
334, 853
7,64211, 3269,311
4,5714,3984,3245,475
15141321
4,4824, 1694,1105, 152
18, 709
39, 09725, 45745, 413
.07375, 462
603, 71188, 35566, 35596, 66185, 573
333. 122
6,99011, 0059,924
3,9953,7663,6745,656
16131324
3,9333,7503,6855, 303
16, 821
31, 04720, 16146, 255
.07374, 000
619, 01997, 46871, 56895, 02285, 207
341, 322
5,8189,809
10, 473
37, 638
3,1992 8032,7146,076
15141324
3 0702,7782,7195 607
13, 592
27, 75817, 98446, 034
.07684, 000
628, 127101, 53073, 21089, 76681, 758
352, 782
5,3378 898
11, 713
2,7432,0301,9436,769
12111126
2 8052,1412,0796 265
11,116
25 37115,71241, 821
.08678, 111
646, 423109, 95571, 42587, 98485,231
363, 253
4,6888 519
12, 652
2,4321 7581,6867,397
1198
28
2 2901 6821,6366 900
10, 447
25, 30615, 47140, 751
.08887, 801
644, 898109, 50869, 50886, 50587, 185
365, 000
4,4048,966
13, 692
33, 486
2, 4662,8252,7267,110
11131226
2 1052,7282,6566 252
9,986
35, 15926, 76749, 088
.09382, 000
643, 35592 21057,21090, 32088, 215
372, 610
5,6009,238
17, 227
3,8043,1263,0439(394
14141330
3,4453,1033,0458,151
16, 437
36, 54828, 30435, 220
.10485, 000
652, 690103, 32966, 32992, 51992, 210
364, 632
6,4238,934
16, 770
4,2053,1863,106
10, 403
12131228
3,9563,2243,1648,892
13, 721
43, 32933, 76642, 253
.10983, 000
653, 000105, 40368, 40394, 33796, 499
355, 254
8,32810, 79018, 333
33, 052
5,0254,0963,966
11, 301
1515
• 1428
5,0393,9953,9069,937
20, 927
40, 90231,21945, 175
.12684, 000
°647, 993108 31470, 31496, 13497, 146
351, 759
7,69710 18518, 508
4,6274 3054,212
11,621
16141330
4,5934,2124,141
10 267
19, 371
39t 57130, 19549, 901
.133"115, 000°659, 865112,40172, 40196, 21496, 971
354, 909
7,98010, 84819, 454
4,3235, 1725, 049
10, 793
19181729
4, 2284,7554,6639,741
18, 785
36, 62027, 61148, 748
.13470, 000
660, 69998, 37358, 37399, 733
102, 045"360, 548
7,61510, 82019, 641
4,2125,0714,9569,913
21191931
3,9745,1505,0588,532
7,81a Revised.! Revised series. For earlier data sea 01. !^ nnd 20 of the December 1933 issue for writing, wrap nn", and other grades of p'iper; for 1932 revisions, p 50 of the June 1933
issue for crude rubber imports; and for 1932 revision, p. 50 of the May 1933 issue for world and United States stocks. Dati on consumption of rubber for tires revised for1932, 1933, and 1934. For revisions see p. 51 of the Aug. 1934 issue.
§ Earlier data on box board not available, prior to January 1933.J Data for 1934 are estimated to represent approximately 97 percent of the industry; data are estimated to cover 79 percent of the industry for 1929-33. inclusive, and
75 to 80 percent prior to 1929.# See footnote on p. 35 of this issue. Data for 1933 revised. Revisions for months uot shown above will appear in a subsequent issue.* New series. See p. 19 of the December 1933 issue.v Preliminary,
52 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July July August
1933
Str October N^-jDSSr January Febru-ary
18
March
34
April May June
RUBBER AND RUBBER PRODUCTS—Continued
MISCELLANEOUS PRODUCTS
Rubber bands, shipments.. thous. of lb._Rubber clothing, calendered:
Orders, net— .number of coats and sundries. .Production number of coats and sundries
Rubber-proofed fabrics, production, totalthous of yd
Auto fabrics.. thous. of yd..Raincoat fabrics thous. of yd..
Rubber flooring, shipments.. -thous. of sq. ft_.Rubber and canvas footwear:
Production, total thous. of pairsTennis . thous. of pairsWaterproof thous. of pairs-
Shipments, total thous. of pairs..Tennis thous of pairsWaterproof - thous of pairs
Shipments, domestic, total thous. of pairsTennis _ thous. of pairs. .Waterproof thous of pairs
Stocks, total, end of month thous of pairsTennis .. thous. of pairsWaterproof thous. of pairs..
Rubber heels:Production thous of pairsShipments, total * thous of pairs
Export thous. of pairs..Repair trade thous. of pairs..Shoe manufactures thous. of pairs..
Stocks, end of month thous. of pairs..Rubber soles:
Production. thous. of pairs..Shipments, total* thous. of pairs..
Export thous. of pairs ..Repair trade thous of pairsShoe manufactures _ thous. of pairs
Stocks, end of month thous. of pairs _.Mechanical rubber goods, shipments:
Total thous. of dol..Belting thous. of dol-_Hose. thous. of dol._Other thous. of doL.
220
526
15,90315, 656
3464,485
10, 82538, 997
3,OS23,277
2290
2,9844,933
307
10, 55038, 451
5,992584
3,301255
3,8241,4962,3274,3332,2512,0824,2532,1812,072
13, 5173,8329,685
21, 49620, 116
2936,184
13, 63819, 861
5,1545,024
4436
4,5842,333
4,1911,1871,4281, 575
260
21, 52541, 610
5,136466
2,791319
5,3191,8983,4215,1261,6403,4875,0431,5753,468
13, 7494,1349,616
22, 63218, 410
2827,352
10, 77524, 123
5,1774,392
8579
3,8063,011
3,892975
1,2981,619
208
27,94837, 371
3,948375
2,483252
4,8271,3793,4486,0611,2614,8005,9931,2154,778
12, 5124,2528,261
19, 62114, 809
3064,6359,868
28, 637
4,3513,803
2813,5183,645
3,675882
1,2061,587
188
23, 52641,612
3,740317
2,393329
5,9311,7394,1935,634
6794,9555,591
6564,935
12, 8065,3127,495
19, 10314, 157
3403,765
10, 05233, 750
4,2443,678
9333
3,3364,286
3,275808
1,1171,350
185
14, 87838, 342
2,458318
1,165268
15, 95511, 287
3374,5526,398
38, 436
4,0542,763
2409
2,3515,559
2,836607
1,0131,216
186
13, 81827, 074
1,682306628211
13, 62512, 738
3223,2159,201
37, 528
4,4964,527
2814,2444,281
2,848627
1,0151,206
303 220
13, 811 15, 24621, 777 20, 062
2, 488 3, 194257 301939 1, 429273 393
262 342
19, 963 15, 61511,364 | 13,795
3,575 ! 3,877434 575
1,527 i 1,670490 437
14, 82613,463
4322,833
10, 19842, 587
5,4995,594
5388
5,2015,090
3,479699
1,2971,483
16, 29320, 544
1759,273
11, 09638, 986
5,7115,804
1617
5,1865,010
3,491757
1,1471,587
19, 90319, 294
3476,605
12, 19939, 592
5,7265,770
5325,2354,838
4,437830
1,5002,108
17, 80216, 991
3284,673
11, 99139, 961
5,0184,739
5275
4,4594,989
4,297863
1,4981,937
293 238
3,908594
1.778540
3, 156478
1,320
19, 60320, 120
1376,928
13, 05539, 763
5,0404,881
1493
4,3875,360
4,589959
1,7901, 840
19, 41220, 513
4263,946
16, 14238, 446
4,7725,050
10241
4,7994,955
1
STONE, CLAY, AND GLASS PRODUCTS
BRICK §
Common brick, wholesale price, red, N.Y.dol. per thous .-
Face brick (average per plant) :Orders, unfilled, end of mo. -thous. of brick..Production (machine)* . thous. of brick--Shipments thous. of brick--Stocks, end of month J thous. of brick. _
Sand-lime brick:Orders, unfilled, end of mo thous. of brick ._Production thous. of brick--Shipments by rail thous. of brick..Shipments by truck thous. of brick--Stocks end of month thous of brick
PORTLAND CEMENT
Price, wholesale, composite .dol. per bbL.Production --thous. of bbl..
Percent of capacity _Shipments thous. of bbL.Stocks, finished, end of month. .thous. of bbl_.Stocks, clinker, end of month thous. of bbl._
GLASSWARE, ETC.
Glass containers: fProduction -thous. of gross -_
Percent of capacityShipments thous. of gross..Stocks, end of month .thous. of gross. _
Illuminating glassware:*Orders:
New and contract number of turnsUnfilled, end of month. .number of turns. -
Production number of turns..Shipments:
Total number of turns..Percent of full operation
Stocks, end of month number of turns. .Plate glass, polished, production t
thous. of sq. ft-.
10.50
503179181
2,300
1.6508,13435.7
7,893i 21, 842! 6, 609
i 3. 117; 56.6; 2, 974
7, 567
1. 4532, 2051, 062
1,10543.1
4, 610
7. 242
9.25
408245213
2,797
3,9551,148
15947
2,042
1.5498,60937.6
8,69719, 8486,832
2,32272.8
2,1125,103
1,3312,1001,611
1,58355.8
4,110
11,350
9.25
432256226
2,790
8652,084
581,4193,130
1.5868,22335.9
5,99422, 0786,474
2,49272.3
2,5535,033
1,8152,1681, 647
1,70159.9
4,038
11, 327
9 25
379185180
2,778
315903
15975
2,608
1.5955,63825.5
6,51721, 2166,507
2,15867.6
2,5294,736
1, 5562, 0271, 926
1, 73661.2
4, 205
8,925
9.25
328174208
2,705
245882
19891
2,189
1.6035,03722.1
6,75019, 5026,204
2,23767.4
2,0844,796
1,4731,8561,713
1,58255.7
4,165
5, 794
8.75
320174123
2,750
1,7751,431
773642
1,485
1.6034,67221.2
4,46319, 7095,877
2,12364.0
1,8065,112
1,5711,9581,588
1,42350.5
4,656
4, 169
9.00
340109111
2,717
75601
0800
2,010
1.6033, 52615.5
3,73819, 5415,717
1, 99762.6
1, 8735, 238
i 1, 1501, 8051, 030
! 1, 171I 41.2
4,286
6,347
9.25
35553
1332,663
100967
16791
2,213
1.6503,77916.6
3,77819, 5475,919
2,77046.6
2,6627,078
1,4801,8651,460
1,43956.1
4,581
7,607
9.88
6443377
2,532
90035954
3662,042
1.6504,16820.2
2,95220, 7625,936
2,60049.2
2,5857,719
1, 7812,2591,256
1,41355.1
4, 431
7,441
10.50
66457
1362,483
355563126721
1,755
1.6505,25723.0
4,61821, 4226,318
2,92049.2
3,1377,480
1.5221,9181,763
1.93675.4
4,367
9, 927
10.50
657104149
2,464
705437
291,0061,518
1.5756,54429.6
6,49221,5576,565
3,03255.1
2,9147,558
1,1451,7941,495
1,25548.9
4,615
8,629
10.50
621137197
2,450
6051,340
601,3461,324
1.5708,55437.5
8,78421, 3016,304
3,25256.8
3,1727,545
1,4911, 8581,512
1,42755.6
4, 735
7,764
10. 50
545158180
2, 380
4251,228
44! 965| 1, 434
1.6508,78639.8
8, 539« 21, 600
« 6, 424
3,16055.2
3.1367,483
! 1, 553! 1.951i L 276
; 1, 44656. 3
4,641
6, 520
• Revised.* New series. Earlier data not published, rubber heels and soles and illuminating glassware; for earlier data see p. 20 of the June 1933 issue, face brick, machine production.§ Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period.f Adjusted for degrading and year-end physical inventories.t Revised data for 1933 represent total production for the United States.# Series on glass containers are not comparable for 1934 and earlier years due to increase of number of firms reporting to 44. Shipments of the 44 firms for the first 7
months of 1933 amounted to 19,637,513 compared with 12,667,118 for the 30 firms reporting a year ago. Comparable statistics on shipments for the companies now reportingby years, from 1928 to date were as follows (in gross): 192S, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data are notavailable for this period on production and stocks, nor are monthly figures on production available. It may be noted from the trend of these data that the monthly figuresprior to 1934 had a downward bias.
September 1934 SURVEY OF CURRENT BUSINESS 53
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Surrey
1934
July
1933
July Augusti
Septem-ber October Novem-
berDecem-
ber
1934
January Febru-ary March April May June
STONE, CLAY, AND GLASS PRODUCTS—Continued
GYPSUM *Crude (quarterly) :
Imports. short tons..Production short tonsShipments (uncalcined) short tons
Calcined (quarterly):Production short tons
Calcined products (quarterly):Shipments:
Board, plaster (and lath) .thous. of sq. ft_.Board, wall thous. of sq. ftCement, Keenes short tons .Plasters, neat, wood fiber, sanded, gaging,
finish, etc short tonsFor pottery, terra cotta, plate glass, mixing
plants, etc short tonsTile, partition thous. of sq. ft
TERRA COTTA
Orders, new:Quantity short tons..Value -thous. of dol..
96483
83468
18221
117,532431, 521158, 061
264,805
35, 33954,9434,232
187, 152
30, 8611,715
71765
34234
34133
88,820241, 10089, 511
182, 194
21, 79641,3142,752
139, 623
17, 2201,333
76452
1,159112
50639
0266, 76185, 747
206, 476
19, 33943,0582,514
149, 420
24, 0632,222
90282
88069
99695
90, 453432 020173, 218
319, 983
31,59176 2184,258
226 405
29 4372,426
1,630122
TEXTILE PRODUCTS
CLOTHINGHosiery: •
Production thous. of dozen pairsShipments thous. of dozen pairs..Stocks end of month thous of dozen pairs
Men's and boys' garments cut:Overcoats thous. of garments. _Separate trousers thous. of garments ._Suits thous. of garments
COTTONConsumption t thous of balesExports:
Quantity, exclusive of lintersthous. of bales..
Value. (See Foreign Trade.)Q innings (total crop to end of month)
thous. of bales. .Imports # - . thous. of bales..Prices:
To producer dol. per lb_.Wholesale, middling, N.Y .dol. per lb_.
Production, crop estimate thous. of bales _Receipts into sight 1 _. . thous. of bales. _Stocks, end of month: f
Domestic, total mills and warehousesthous. of bales..
Mills . thous. of bales .Warehouses thous. of bales..
World visible supply, total thous. of bales..American cotton thous. of bales _ _
COTTON MANUFACTURES
Cotton yarn:Prices, wholesale:
22/ls, cones, Boston dol. perlb..40/ls, southern, spinning dol. per lb_.
Cotton goods:Abrasive cloth. (See Paper Products.)Cotton cloth:
Exports §--. thous. of sq. yd..Imports # thous. of sq. yd._
Prices, wholesale:Print cloth, 64x60 dol. per yd..Sheeting, brown, 4 x 4 (Trion mill)
dol. per yd..Cotton cloth finishing: *
Production:Bleached, plain ... . .thous. of yd..Dyed, colors thous. of ydDyed, black .. thous. of yd__Printed thous. of yd..
Stocks: •Bleached and dyed thous. of yd_.Printed thous. of yd..
Spindle activity: tActive spindles thousandsActive spindle hours, total, .mills, of hours..
Average per spindle in place hours..O Derations percent of capacitv. .
359
306
10011
.123
.129/ 9, 195
432
6,7961,2305,5656,9504,737
.308
.459
15, 6471,944
.067
.077
310, 251111, 154
24, 4185,152
16774.3
10, 027
4092,0891,681
601
692
17112
.106
.108
761
7,0851,3485,7377,7135,908
.311
.410
28, 704"3,368
.067
.077
26, 0858,128
263117.5
8,713
5692,1931,832
589
531
1,39410
.088
.096
782
6,9461,1605,7867,2545,602
.361
.548
' 18, 215« 2, 720
.070
.088
25, 8857,942
258106.7
9,435
5271,7921,385
499
869
5,851
.088
.0970 2, 141
8,5351 1607,3757,9016,385
.339
.505
° 13, 7882,442
.067
.080
26, 0027,058
22999.6
8,87014 591
5531,7021,163
504
1,047
10, 36112
.090
.0970 3, 252
10, 8361,3619,4759,3837,828
.321
.494
13, 0953,204
.067
.078
25, 8757,261
235101.9
8,0637,653
15 001
3541,191
907
475
915
12, 10813
.096
.1000 2, 349
11, 9851 574
10, 4119,8488 203
.295
.478
15,0923,925
.065
.076
25 4236,796
22096.3
6,0915,948
15 145
135929
1,061
348
820
12, 35714
.096
.102• 13, 047a 1, 283
11, 9551 642
10, 31310, 0608,255
.301
.458
17,9194,004
.066
.073
108 32860 2944 616
86,517
341 351137, 661
24 8415,095
16573.5
6,9466,448
15 642
508
739
12, 55913
.103
.113
°715
11, 1031 6029 5019,8377 693
.316
.467
16,7903,985
.069
.077
122 86976 6784 761
99,901
332 985106, 280
25 6536,970
22598.5
8,6407,785
16 497
478
628
14
.117
.123a427
10,2931,6548,6399,2847,025
.322
.479
20, 0714,616
.072
.081
132 67889 1925 259
104, 920
325 313104, 949
26 3556,692
216101.5
9,5459,524
16, 518
544
550
12, 66019
.117
.123
«598
9,5031,6507,8538,8686,516
.327
.480
22, 5565,426
.070
.082
163 772117 562
6 416131, 426
327 04099, 614
26 5047,720
249102.9
8,8838,435
16 965
513
387
12
.116
.119a522
8,6871 5857,1028,5666 093
.320
.471
23, 7916,135
.067
.080
150 138104 689
5 916122 951
308 895106, 388
26 4517,260
234104.5
9,1148,660
17,419
520
285
15
.110
.114
»515
7,9921 4216,5717,9595,541
.301
.458
22, 7923,817
.063
.077
137 05397 838
5 834114 803
310 471107, 128
25 8917,279
23598.2
363
459
10
.116
.123a339
7,3121 3265 9867,3625 040
.298
.451
21, 2231,701
.064
.076
106 74173 9544 885
83 414
314 413118, 034
24 6905, 253
16972.7
* New series. For earlier data on gypsum, see p. 20 of the January 1933 issue; the new series on hosiery compiled by the Hosiery Code Authority and are estimated torepresent 95 percent of the industry. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry;figures are not available for earlier periods; the production statistics are prorated from data for 4-week periods; stocks are as reported at end of each 4-week period.
• Dec 1 estimate./As of August 1.1 For revisions for crop years 1932 and 1933 see p. 52 of the October 1933 issue and p. 52 of the September 1933 issue, respectively.t For revisions of cotton consumption domestic stocks and spindle activity for the year ended July 1932 see p. 20 of the February 1933 issue, and for cotton consump-
tion domestic stocks and spindle activity for the year ended July 1933 see pp. 52 and 53 of the November 1933 issue.§ Data revised for 1932, For revisions see p. 53 of the June 1933 issue. Data revised for 1933 for revisions of months not shown above see p. 20 of this issue.# See footnote on p. 35 of this issue. Data revised for 1933. Revision for months not shown above will appear in a subseqeunt issue.• Stocks at end of 4-week periods.
54 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through Decembertogether with explanatory footnotes and refer-ences to the sources of data, may be foundin the 1932 Annual Supplement to the Survey
1931,refer-'oundurvey
1934
July
1933
July I August ehe^m" ^c^ODer Novem-ber
Decem-ber
1934
January ary March April May June
TEXTILE PRODUCTS—Continued
RAYON AND SILKRayon:
Imports# thcus. of lb__Price, wholesale, 150 denier, "A" grade,
N.Y — dol. per Ib _Stocks, imported, end of month.thous. of lb__
Silk:Deliveries (consumption) bales .Imports, raw# thous. of lb_.Prices wholesale:
Raw, Japanese, 13-15, N.Y dol. per lb_.Silk goods, composite dol. per yd..
Stocks, end of month:World, visible supply balesUnited States:
At manufacturers ._ bales..At warehouses . . bales
Silk manufacturing:Operations, machine activity:
Spinning spindles: *All percent of capacity __5-B percent of capacity
Weaving:Broad loomsf percent of capacityNarrow loomsf percent of capacity..
Silk piece goods:*Commission mills:
New orders yards per loom..Production yards per loom__Shipments yards per loom
Stock-carrying mills:Production yards per loom..Shipments yards per loom__Stocks, end of month. ..yards per loom..Still to come off looms yards per loom
WOOL
Consumption, grease equivalent.. thous. of lb_.Imports, unmanufactured §# thous. of lb._Operations, machinery activity:
Combs, worsted .. .percent of capacity _ _Looms:
Carpet and rug percent of capacity--Narrow . percent of capacity..Wide percent of capacity _ _
Spinning spindles:Woolen percent of capacity ..Worsted ._ percent of capacity __
Prices, wholesale:Raw, territory, fine, scoured dol. per lb__Raw, Ohio and Penn., fleeces dol. per lb._Suiting, unfinished worsted, 13 oz. (at mill)
dol. per yd__Women's dress goods, French serge, 54" (at
factory) - - dol. per yd_.Worsted yarn, 2/32s, crossbred stock, Boston
dol. per lb_ .Receipts at Boston, total thous. of lb_.
Domestic thous. of lb_.Foreign thous of Ib
MISCELLANEOUS PRODUCTS
Burlaps and fibers, irnports:#Burlaps -- thous. of lb_Fibers . long tons_.
Buttons and shells:Buttons:
Imports, total§#. thous. of gross..From Philippines thous. of gross. .
Fresh-water pearl:Production percent of capacityStocks, end of month thous. of gross..
Shells, imports, total# thcus. of l b _ _Mother-of-pearl . _ thous. of Ib
Tagua nuts, imports # _. thous. of lb_.Elastic webbing, shipments thous. of dol._Fur sales by dealers . thous. of dolPyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of mo.thous. linear yd..Pyroxylin spread _ thous. of IbShipments, billed thous of linear vd_.
24
0.55
32, 0214, 719
1. 1390.92
66, 268
4J .537.2
288.4391.8391.0
266. 0282. 3
1,004.5327.4
p ?5, 9367,632
39
342856
7432
0.840.31
1.634
1.139
1,26
42, 47115, 010
7762
2376, 791
335199650
1,938
3, 3232,9722,649
828
0 60287
44, 5978,396
2.2731.02
243, 529
21, 45851,684
419. 1509 6818.6
57, 37731,406
134
465497
10896
0.790.35
1.613
0.975
1.1783, 31870, 87612 442
34, 49923, 807
11477
49.05,983
815150
3,2361,3013,892
3,1954,3484.280
1,126
0 65410
42, 8527,828
1.8811.04
264 130
23,09255 515
400.2357.3771.8
55, 69440,060
113
455187
99DO
0.800.37
1.765
1.065
1.1861, 30345, 59315 710
50, 2030 20, 527
•9962
56 35,737
779713
3,2641,2705,280
2,7513,6913, 889
395
0 65398
31, 1857,007
1.8891.04
283, 731
24, 48073,800
34 833 6
331.1351 5726.3510 4
50, 46721, 308
108
494873
8269
0.820.39
1.800
1.125
1.2928, 98122, 2046 777
25,09718, 974
5344
52 95,832
506483
2,2161,0742,743
2,6602,7612,718
770
0 65504
28,5217,029
1.6471.04
301 981
23,07893, 625
35 531 1
283.1253 1785.8495 4
51, 03719, 633
108
494162
6865
0.840.41
1.800
1.125
1.3518, 93115, 2413,690
49, 848a 21, 824
10274
60.45,827
505365
3,0661,097
876
2,5562,6972,578
92
0 65507
34, 8225,472
1.4651.04
323 171
23, 15391 122
41 634 8
323.2276 4880.3436 7
43, 46615, 997
100
463964
6360
0.850.41
1.800
1.125
1.3514,06811,0732,95*5
33, 91418, 713
12582
58 86,211
667612
1,506877711
2,4772, 1572,024
338
0 65506
26, 9594,833
1.4161.04
314 921
24, 76296 786
39.234 9
46 229 1
327.0333 0898.7463 5
33, 57016, 168
76
352757
5446
0.880.42
1.800
1.125
1.356,1764,8241 352
31,06122, 195
4539
41 87,3151,057°3931,223
7091,154
2,5992,3512,148
32
0 65488
40 9423,895
1.4531.04
317 000
23, 13983 820
56 040 2
52 832 0
364.0458 5811.8521 0
35,9689,637
74
353467
7052
0.880.42
1.800
1.125
1.35
35, 76828,406
15761
44 87,328
274254
1, 457883
3,515
3,3833,2832,876
64
0 65477
39 0214,279
1.5501.04
307 000
22,41574 607
62 552 0
64 337 0
416 0412 4831.0454 7
34, 34812, 622
65
403969
7648
0.880.42
1.800
1 125
1.35
26, 34618, 839
7247
46 57,3421,862
5591,291
9S93,077
4,2105,2783,812
42
0 65467
44 0805,796
1.4051.04
287 000
22, 64062 828
59 753 2
62 336 6
468 0780.9766 3
446.6445 8901.1430 3
36, 11916, 975
61
433866
7544
0.870.40
1.763
1.125
1.35
35, 11323, 059
7847
62 77,1871,608
657867
1,2043, 148
3,8115, 1994,854
14
0 55
37 3924,798
1.3181.01
278 000
21, 90261 083
48 645 9
54 935 8
277 0614.8572 0
344.9390 2937.7384 1
29, 88913, 567
46
394055
7039
0.850.37
1.650
1.103
1.35
30, 57317, 861
5435
61 77,327
345168
1,148956
2,209
3,3464,6814,023
30
0 55
38 7405,176
1.2840.96
268 000
21,67561 060
31 539 3
37 930 0
247 3434 2411 7
269 7357 7890^3378 5
28,2137,458
48
424058
7041
0.840.33
1.634
1 119
1.31
34, 40017,172
12177
57 97,303
414313638858
1,802
3,1393, 3503,327
4
0 *>K
33 0695,037
1. 1990.93
259 OCG
5Q Q4<<
40 038 9
278 4458 5426 1
290 Q271 0977. 3372 R
26, 2138, 003
a 4{)
«46°30a 54
o 71a 29
0.840.31
1.634
1 139
1.2S
27 09321,399
4542
40 07,118
310226458705
a 1 643
3, 2242, 7062, 645
TRANSPORTATION EQUIPMENT
AIBPLANESProduction, total number..
Commerical (licensed) .number..Military (deliveries) number .For export. number.. !
|4199
735
132811437
123662136
107662813
81 ! 7129 | 3027 ! 2225 j 19
96245715
67232420
95542615
119663518
175945724
190-1138518
« Revised.p Preliminary.§ Data revised for 1932. For revisions see pp. 53 and 54 of the June 1933 issue.# See footnote on p. 35 of this issue.t Compiled by the Silk Code Authority (The National Federation of Textiles, Inc.) and represent the percentage of oparations based on an 80-hour week (2 shifts of 40 hours
each). Data are not comparable with the series previously shown in the Survey which were based on a smaller sample and which were computed on the basis of a 48-hourweek. The code authority expects to adjust the old series to a comparable basis, when opportunity affords.
* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piecegoods (stock-carrying mills only) see p. 20 of August 1934 issue.
September 1934 SURVEY OF CURRENT BUSINESS 55
Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey
1934
July
1933
July August kerm~ October Novem-ber
Decem-ber
1934
January j |ryU~ March April May June
TRANSPORTATION EQUIPMENT—Continued
AUTOMOBILES JExports:
Canada:Automobiles, assembled number..
Passenger cars numberUnited States:
Value. (See Foreign Trade.)Automobiles, assembled, total§__number__
Passenger cars§ .. number..Trucks§ number
Financing:Retail purchasers, total.. thous. of dol_.
New cars thous. of dol_.Used cars . thous. of dol__Unclassified thous. of dol__
Wholesale (manufacturers to dealers)thous. of dol_-
Fire-extinguishing equipment: tShipments:
Motor- vehicle apparatus numberHand types number..
Production:Automobiles:
Canada, total numberPassenger cars number
United States, total t - - .number..Passenger cars f numberTaxicabs number..Trucks t-- - - .number..
Automobile rims thous. of rims..Registrations:
New passenger cars f numberNew commercial cars * . .number-
Sales:General Motors Corporation:
To consumers numberTo dealers, total numberU.S. dealers _ . _ . number __
Shipments, accessories and parts, total *Jan. 1925=100.-
Accessories, original equipment. _Jan. 1925=100
Accessories to wholesalers Jan. 1925=100__Replacement parts Jan. 1925=100Service equipment -Jan. 1925 =100. .
RAILWAY EQUIPMENTEquipment condition:
Freight cars owned:Capacity . mills, of IbNumber, total thousands _
Bad order, total number..Percent of total in bad order
Locomotives, railway:Owned:
Tractive power mills, of lb_.Nurnber . number
Awaiting classified repairs.. .number. _Percent of total
Installed number..Retired number
Passenger cars:On railroads (end of quarter) number..
Equipment manufacturing:Freight cars:
Orders, new, placed by railroads cars..Orders, unfilled, total cars__
Equipment manufacturers carsRailroad shops cars
Shipments, total carsDomestic - cars..
Locomotives, industrial electric (quarterly):Shipments, total number _
Mining use number.Locomotives, railway:
Orders, new, placed by railroads-number ..Orders, unfilled, end of month:
Equipment manufacturers (Census)total number..
Doniestic, total _ ._ numberElectric numberSteam.. _ number
Railroad shops (A.R.A.) number..Shipments:
Domestic, total _ numberElectric numberSteam number. .
Exports, total t . numberElectric number-Steam number.-
Passenger cars:Orders, new, placed by railroads.-number__Orders, unfilled (end of quarter) .number..Shipments, total number.
Domestic numberELECTRIC TRUCKS AND TRACTORSShipments, industrial, total number..
Domestic number. .Exports number..
6, 5554,692
23, 95917, 6216 338
3223, 264
11 1148 407
268, 575223 868
042, 7071,155
p230 000
101 243134, 324107, 554
188, 4781,971
299, 78015 5
2,31448,71310, 789
22.370
568
013, 7559,6074,148
0
134123626120
606871
0
29272
1,7311,220
9,1285, 5463,582
65, 15343, 33420, 542
1,277
57, 866
2119, 495
6,5405,322
229, 357191,261
438, 092
890
185, 66030, 642
87 298106, 91892, 546
76
i 68; 83
11947
196, 0592,069
316, 43715 4
2,39651, 23311,109
22 123
i 322
i 661,187
1 01 187
165120
11
80777521
oo0880
0
44
57570
1,7141,233
10, 3086,5163,792
71, 18747, 29122, 5361,360
69, 613
1921, 183
6,0794,919
232, 855191,346
6841,441
961
178, 66128, 807
86 37297 61484, 504
80
7199
13456
195, 3802,060
304, 20214 9
2,39151, 08111, 000
21 973
248
1301,129
o1 129
427392
0
79777521
211
1183
0
6o
52520
2,1901,726
10, 9446,3304,614
62, 53940, 88720. 3931,259
51, 127
1718, 348
5 8084,358
191, 800157, 367
9a34, 424
701
157 97631, 281
71 45881 14867, 733
74
6610112048
194, 3872,047
295, 05614 g
2,38250 78810, 735
21 553
346
47,232
19275
o2754222
3838
1
83797811
211
a3
2
03oo
51483
2,8682,428
11,4735,9065,567
57, 50336, 79019, 6651,048
38,963
1917, 996
3,6822,723
134, 683104, 807
6329,813
523
136, 32628, 058
63 51853, 05441, 982
59
4791
10947
193, 5562,038
295, 08714 7
2,37950, 67710, 963
22 042
162
520127o127162112
4
83797811
oo0743
0
oo
57570
1,7501,228
6,7033,5273,176
43, 88926, 27816, 741
870
17, 703
1421, 892
2 2911,503
60, 68340, 7541,611
18,318506
94, 18018,691
35 41710 3843,483
56
4486
10546
193 0502,031
295, 78414 8
2,37250 44610, 824
21 826
261
665125o1256262
1
82797721
110642
0
oo
60582
1,6251,042
9,5263,0666,460
33, 12417,79414, 532
798
16, 573
2725, 356
3 2622, 171
80, 56549, 4901,299
29, 776627
58 62415, 580
11 95121 29511, 191
59
53678943
192 8262,027
289, 98514 5
2,37050 32310, 895
21 935
294
46, 407
12224
o2246766
3837
10
747272o1
752
1697
06oo
67643
2,3841,118
11, 2583,6857,573
34, 43719, 19014, 420
827
35, 879
1921, 204
6,9044,946
156, 907113 331
32143, 255
789
61, 24222, 903
23 43862 50646, 190
78
7477
10257
192, 1672,019
286, 92814 4
2,36350 10310, 965
22 238
258
150732
10722
4822
0
979585101
550743
0
oo
46397
3,0262,269
14,9118,8726,039
45,3729,215, 198
890
61,514
2015,715
8,5717,101
231, 707187, 639
2744, 0411,262
94, 88724, 476
58 911100, 84882, 222
106
10965
11859
191, 5802,012
295, 58214 9
2,36150 03411,119
22 675
144
19, 7275,019o5 019
2424
20
12011685311
oo0
42
177
22
52403
4,9204, 161
26, 21716, 14110, Q76
69, 20346, 42821, 368
1,407
102, 776
2817, 956
14, 18012, 272
331, 263274 722
1656, 5251,652
172, 28733, 894
98 174153, 250119,858
141
15073
13972
191, 1492,007
291, 08114 7
2,35649, 86111, 259
23 052
192
45, 851
5226,5121,7004 812
2521
3937
3
12111786311
110770
5892oo
7064fi
3,9502 930
27, 26516, 50910 756
87, 99859, 77226, 69*
1,532
121,061
3516 597
18 36315' 451
354 745289 030
1f,5,714
1. 636
222 90038 882
106 349153* 95412l' %4
127
13072
71
190 07Q1 994
295, 19115 0
2.34549 57311,095
29 $
46311
75015,96410 000
159150
40
14614288541
oo0
10•J
3
75
oo
7271
1
4,2053 185
25, 67016, 0588 612
99, 59167, 99129, 763
1,837
123, 691
2528, 915
20 16116 504
331,652273 765
057, 8871,140
219 16339,831
95 253132 837103, 844
115
11283
14386
189 7001,989
301, 36815 4
2,34149 39511,080
22.837
218
51721,01115 1745 837
17
13612560650
31310
12111
47
63603
5,2553 970
24, 88718, 0716 816
99,11768, 73728, 508
1, 873
102, 706
36a 22, 264
13 90510 810
a 308, 065261 852
0• 46, 213
1, 016
223 64234, 778
112 847146 881118, 789
106
10196
13571
a 189 4261,985
298, 846J5 3
2,33449,21110, 803
22 340
224
1,21717,81312 5105 297
7070
3
13812760670
220
14104
0
65641
of loci i rmex or -JHIPS oi npw passensjer oars is on r>.§ Data revised for 1932. See p. 54 of the June
ts, accessories, and parts, and new commercial cars.iguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 193? exportst issue.
p Preliminary.Data revised for 1933. For revisions of such months not shown above see p. 20 of this issue.
56 SURVEY OF CURRENT BUSINESS September 1934
Monthly statistics through December 1931, 1934together with explanatory footnotes and refer-ences to the sources of the data, may be found j T ,in the 1933 Annual Supplement to the Survey i ** uiy
1933
July I August ber | October | NobveermV
ber
1934
January F®ryU" March | APriI j May June
TRANSPORTATION EQUIPMENT—Continued
SHIPBUILDINGUnited States:
Merchant vessels:Under construction.. .thous. of gross tons..Completed during month-total gross tons..Steel total gross tons..
World (quarterly):Launched:
Number ships - .Tonnage thous. of gross tons..
Under construction:Number ships..Tonnage thous. of gross tons..
3510, 9707,877
385,264
319
"
365,6731,867
262,7871,181
90130
216757
245,1483,751
255,9301,406
258,3637,743
71175
206757
444,1591,814
432,9761,437
425,3142,085
5586
2691,079
4812,9048,101
4611,9589,843
387,5353 256
0/9149
2881 216
CANADIAN STATISTICS
Business indexes:*Physical volume of business 1926=100
Industrial production, total 1926=100..Constructionf 1926=100..Electric power 1926=100-Manufacturing - . 1926=100—
Forestry 1926=100..Miningf. 1926=100-
Distribution 1926=100—Carloadings 1926=100-Exports (volume) 1926=100-Imports (volume) 1926 =100-Trade employment 1926=100-
A<*ricultural marketing 1926=100—Grain marketings 1926=100-Livestnck marketings 1928=100-
Commodity prices:Cost of living index c? 1926=100.Wholesale price index # 1926=100..
Employment, total (first of month). 1926 =100-Construction and maintenance ... 1926 =100. .Manufacturing 1926=100—Mining 1926=100..Service 1926=100—Trade 1926=100-Transportation 1926=100—
Finance:Banking:
Bank debits.- mills, of dol—Interest rates 1926 =-100-
Commercial failures* number.Life insurance, sales of ordinary life (14 cos.)*
thous. of dol—Security issues and prices:
New bond issues, total thous. of dol—Corporation thous. of dol—Dominion and provincial.. thous. of dol —Municipal thous. of dol—Railways . . - . .thous. of dol—
Bond yields percent--Common stock prices, totalt 1926=100—
Banks 1926=100-Industrials 1926 = 100Utilities . 1926=100 .
Foreign trade:Exports . thous of dolImports . thous. of dol. .Exports, volume:
Automobiles. (See Transportation Equip.)Newsprint. (See Paper.)Wheat thous. of bu._Wheat flour thous of bbl
Railway statistics:Carloadings. ... thous. of cars..Financial results:
Operating revenues —thous. of dolOperating expenses. —-thous. of dol—Operating income thous. of dol—
Operating results:Freight carried 1 mile mills, of tons..Passengers carried 1 mile mills, of pass..
Commodity statistics:Production:
Automobiles. (See Transportation Equip.)Electrical energy, central stations
mills, of kw.-hr..Pig iron thous. of long tonsSteel ingots and castings
thous. of long tons..Livestock, inspected slaughter:
Cattle and calves thous. of animals..Swine thous. of animalsSheep and lambs thous. of animals ._
Newsprint. (See Paper.)Silver. (See Finance.)
Wheat, visible supply. (See Foodstuffs.)Wheat flour thous. of bbL.
95.795.635.5
180.699.096.7
117.296.272.376.772.2
118.0148.8164.080.5
72.0101.0140.693.8
107.0119.7119.182.6
2,76783.1
51,447450
50,000997
03.9881.373 6
116 650 6
51 86644 145
12, 979408
188
1,62137
67
10717875
84.182.636.2
160.788.287.098.288.462.671.559.7
111.9136.3148.581.2
77.270.584.578.283.093.1
111.5111.880.5
3,52896.7
142
30, 255
74, 9580
68, 3505,6081,0004.6386. 580.4
122. 361.5
51, 86635, 698
16, 374493
163
23, 71320, 7092,103
1,735145
1,44332
49
8819172
1,323
89.889.527.2
168.096.994.0
110.790.567.965.165.0
112.7197.2224.674.5
78.669.587.188.485.297.4
111.8110.581.2
2,64995.0150
27, 263
94, 790500
80,00014, 290
04.5581.876.0
117 256 8
45, 13538, 747
8,653480
186
23, 73021, 144
1,679
1,752145
1,50835
49
99187101
1,444
90.890.228.6
148.997.088.0
123.792.663.985.870.5
114.8101.1106.278.0
78.868.988.588.486.8
100.4113.8111.882.5
2,45795.8
155
25, 381
48600
4860
4.5981.674.8
119 153 5
58 32938, 698
19, 666553
202
25, 87219 8295,111
2,103136
1,48931
38
101195148
1.393
88.287.445.4
148.887.986.2
130.990.562.667.671.6
113.970.570.072.5
77.967.990.497.086.7
105.8108.1115.082.7
2,82394.6
144
31, 472
225, 78090
225, 000690
o4.5373.371.7
103 648 5
61 03541, 070
° 23, 306514
222
27, 23919 6836,654
2,44296
1,61827
48
108235182
1,651
85.583.939.7
158. 186.287.2
114.489.962.958.377.4
112.841.836.765.2
78.168.991.394.686.5
109.7107.9115.681.4
« 2, 83897.3155
34, 185
6,8051,5755,000
2300
4.6676.868.4
113 447 8
60 92643, 712
23, 144548
201
24, 17618 2415,040
2,01191
1,70230
43
10027784
1,827
86.285.136.4
156.588.688.4
118.289.360.453.567.8
115.930.724.757.5
78.269.091.894.684.4
105.5108.8119.179.8
2,49298.5159
37, 376
2900
29o
4.7275.364 7
111 447 8
51 62435, 368
17, 458418
158
22, 74918 3403,916
1,537138
1,70837
50
6725341
967
86 884.547.4
162.980.796.4
120.693.273.675.462.8
113.848 241.677.6
78 570.688.688.180.0
106.8109.8122.376.3
2,59797.2153
40, 9460
40, 799147
o4.6681.671 7
118 653 5
47 11832 391
7,088448
176
21, Oil19 945
216
1,682109
1,72431
61
9127040
1, 043
86 484.034.1
168.983.296.7
117.093.171.463.764.0
116.367.161.194.0
79 072 191.498.084 2
109.4108.7111.676.2
2,08996.0
140
3,6340
3,000634o
4.6086.576 7
123 858 0
38 36533 592
6,513328
164
20, 62719 601
<*60
1,62998
1,61312
58
8426336
1,102
93 192.036 2
176.088 8
100.3149.096 374.373.064.7
119.263 858.786.4
80 272 092.7
100.886 5
108.9109.3112.578.0
2,48990.1
140
26, 059380
22,7002,979
o4.3288.076 9
128 558 8
58 36447 519
10, 103493
189
24, 65720 6302,976
1,986127
1,79612
73
10625938
1.064
92 691.428 9
176.787 794 2
160.296 076.069.669.3
117.256 949.390.6
79 671 191.395.888 1
103 3111 8116.175 9
2,53687.7
141
31, 96416, 28015, 000
684o4.2090.776 1
133 058 1
32 04734 815
3,568041
177
23 39519 4882 839
1 869103
1,69727
70
119oco
34
1.089
99 699.935 1
188.5100 2103 6146.398 575.679.682.8
117.8130 6140.187.8
78 771 192.095.890 2
103 6111.7115.678.5
3,12984.8
132
76, 8226,452
57, 707664
12 0004.0688.675 2
128 056 7
58 54352 887
19, 024482
194
26, 06921 2403,814
1,873103
1,83038
71
13326732
1,175
95 895.225 7
185.798 7
100 1127 397 573.477.173.1
119.697 299.686.7
78 472 196.6
116.793 2
106 2115 4116.580 3
2,60285.4
9,5142,200
7,314o4.0987.272 7
126 154 5
58 64346 186
18, 426441
193
1,70837
64
116923
56
1, 127a Revised. <* Deficit.* New series. For earlier data see p. 18 of the February 1933 issue, business indexes, p. 20 of the October 1933 issue, commercial failures, and p. 20 of the February 1934
issue, life-insurance sales.t Revised series. See p. 55 of the April 1934 issue, construction, and mining production, for 1933. Series on common-stock prices revised back to December 1932 as a
result of additional stocks, for revision see p. 56 of the April 1934 issue.# Number of commodities changed from 502 to 567 beginning with month of January 1934.
<? Data revised for 1932 to 1933. Revision for 1932 see p. 55 of the November 1933 issue.
U.S. G O V E R N M E N T P R I N T I N G OFFICE: 1994