SCB_021935

FEBRUARY 1935

SURVEYOF

CURRENT BUSINESS

UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

WASHINGTON

V O L U M E 15 N U M B E R 2

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


UNITED STATES DEPARTMENT OF COMMERCEDANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCECLAUDIUS T. MURCHISON, Director

SURVEY OFCURRENT BUSINESS

Prepared in the

DIVISION OF ECONOMIC RESEARCH

H. GORDON HAYES, ChiefM. JOSEPH MEEHAN, Editor

Volume 15 FEBRUARY 1935 Number 2

CONTENTSSUMMARIES AND CHARTS

PageBusiness indicators 2Business situation summarized 3Comparison of principal data, 1930-34 4Commodity prices 5Domestic trade 6Employment 7Finance 8Foreign trade 9Real estate and construction 10Transportation 11Survey of individual industries:

Automobiles and rubber 12Forest products 13Iron and steel 14Textiles 15

SPECIAL ARTICLE

Wholesale commodity prices, 1929-34 16

STATISTICAL DATANew series:

Indexes of department-store sales injthe Atlanta, Chicago, Cleve-land, Dallas, Minneapolis, New York, Philadelphia, and SanFrancisco Federal Reserve districts with and without adjust-ment for seasonal variations 20

STATISTICAL DATA—Continued

Monthly business statistics: PageBusiness indexes 22Commodity prices 23Construction and real estate 24Domestic trade 25Employment conditions and wages 27Finance 30Foreign trade 34Transportation and communications 35

Statistics 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 55

Canadian statistics 56

Weekly business statistics through January 26 21 General index Inside back cover

Subscription price of the SURVEY or CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 centst

Foreign subscriptions, $3, including weekly supplements. Make remittances only toSuperintendent of Documents, Washington, D. C,

109756—35 1


SURVEY OF CURRENT BUSINESS February 1935

Business Indica tors1923-25 = 100

160

100

INDUSTRIAL PRODUCTION

160

100

40

160

100

FACTORY EMPLOYMENT AND PAYROLLS

EMPLOYMENT (ADJUSTED)9

TOTAL FREIGHT CAR LOADINGS

200

100

DEPARTMENT STORE SALES

200

100

VALUE OF EXPORTS

200

100

BANK DEBITS OUTSIDE NEW YORK CITY

160INDUSTRIAL PRODUCTION

40

200

100

CONSTRUCTION CONTRACTS AWARDED

FREIGHT CAR LOADINGS L.C.L

40

160

100

40

200

WHOLESALE PRICES

VALUE OF IMPORTS

160FEDERAL RESERVE MEMBER BANK LOANS*

100

* ADJUSTED FOR SEASONAL VARIATION * REPORT/KG MEMBER BANKS D.D. 7655Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

February 1935 SURVEY OF CURRENT BUSINESS

Business Situation SummarizedBUSINESS activity has expanded at an accelerated

pace during December and January. Sharp gainshave been evident in industrial production and em-ployment. The adjusted index of industrial produc-tion for December, at 86 percent of the 1923-25 average,was 12 points higher than in November and was thesame as the 1934 high. Weekly data for Januaryindicate a further advance in the index for thecurrent month.

While the rapid expansion in output in the automo-bile and steel industries has been outstanding, in-creased production and sales have been reported overa wide range of industries. Automobile productionhas recently been at a rate not witnessed for thisperiod of the year since 1929, while steel ingot produc-tion has increased from 32 percent of capacity in thefirst week of December to 53 percent in the latter partof January. Expansion, after due allowance forseasonal trends, has also occurred in the leather andshoe, lumber, rubber manufacturing, tobacco manu-facturing, machine tool, textile, newsprint, and plate-glass industries. Cement production declined by morethan the usual seasonal amount in December, whileproduction in those food processing industries repre-sented in the production index showed the usualseasonal drop.

The expansion in production in December wasreflected in a contraseasonal increase in the number

of factory workers. The seasonally adjusted indexof factory employment rose 3 percent, while the pay-roll increase was 6.2 percent.

Distribution of goods by the railroads did not de-cline to the usual extent during December, the adjustedindex rising sharply. Loadings were the same as ayear earlier, but during the first 3 weeks of Januaryloadings were slightly below the comparable total in1934. While retail sales for December did not measureup to some advance estimates, the volume was sub-stantially above 1933. The expansion in sales ofdepartment stores and of general merchandise sales inrural areas from November to December exceeded theusual seasonal rise.

The amount of new construction work undertakenduring December declined following a seasonal trend,but daily average contract awards increased in thefirst half of January. Private construction activitycontinues on a low level.

Wholesale prices have advanced since the middle ofDecember due to further increases in prices of farmproducts and foods. Security prices have movedirregularly during January, with no particular changein the general level of quotations between Decemberand the end of January. The unsettlement in foreignexchange markets during the month resulted in sub-stantial gold exports from Europe to the United States.

MONTHLY BUSINESS INDEXES

Year and month

1929: December1930: December1931: December1932: December _ __1933" December1934:

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctober _.NovemberDecember

Annual Index:192919301931193219331934

Industrial production

Unadjusted i

1

1

i1s

to

1

§

Adjusted >

3eifis

M

Is

Factory em-ployment

and pay roils

i>>

i*Ss£3I!fi 4)

fc

s

It*!{!<

Freight-car loadings

Total

i«jI1

1i<«S3

3

Merchan-dise, 1. c. 1.

iGO31

•d-S00

2.^

Departmentstore sales,

value

i=̂i 1Oft

3^

Foreigntrade, value,adjusted *

IH

W

t

! Ban

k

debi

ts

outs

ide

New

Yor

k C

ity

Const

ruct

ion c

ontr

acts

, ai

lty

pes

, va

lue,

ad

just

ed 3

Monthly average, 1923-25=100

9676686069

778386888984737372757478

1199681647679

9374665867

758286898983717170737276

1199580637578

11089797381

858891818787858387878485

1159984718186

10384746675

788184858683767371737486

10182726473

768082858683747269727385

11693847786

8891

1009089878580 1828181 i90

101.083.371.562.475.0

75.178.481.082.282.481.479.479.373.976.776.779.0

104.891.577.464.269.078.8

100.775.257.641.554.5

54.060.664.867.367.164.860.462.157.961.059.563.3

109.188.767.546.148.561.9

8974615256

586163606364636367646056

1069275565862

10284695863

646466626364615959575964

9686776464

656567676765646567666562

1059787726765

10392836968

706766656565656564636466

191165143106121

6759737377705160798283

134

11110292696775

1089482 ;6069 |

6971777777 i74727976747376

10668463348

444750504550484948454543

1158453353747

9765473042

424244424744433943394741

1137954343743

136.4117.186.765.067.4

66.959.771.472.471.574.870.668.065.373.368.079.4

140.2117.291.965.260.870.1

10273382857

494433332626272729313133

1179263282532

Who

lesa

le

pric

e in

dex,

784

com

mo

dit

ies

Monthlyaverage,1926=100

93.379.668.662.670.8

72.273. ft73.773. a73.774.674.876.477.676.576.576. 9

95.386.473.064.865.674.3

1 Adjusted for number of working days. 1 Adjusted for seasonal variation.


4 SURVEY OF CURRENT BUSINESS February 1935

Comparison of Principal Data, 1930-34

BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS)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)

D.D.7654Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Commodity PricesWHOLESALE commodity prices rose during the

4 weeks ended January 19 to 78.5 percent of the1926 base, from the level of 76.7 maintained duringeach of the 3 weeks ended December 8, 15, and 22.The index has risen to a high for the price recoveryperiod, and is currently about 9 percent above thelevel of a year ago.

The recent gains in the index as well as the gainsduring the past year, are wholly attributable to theincreases in the prices of farm products and foods.The prices of farm products rose 5.6 points during the4 weeks ended January 19 and food prices rose 4.6points. The weekly index of farm products in theweek ended January 12 and that of foods in the weekended January 19 marked new highs for these groups,77.2 and 79.8, respectively, and indicate substan-tial increases above the average for each group inDecember.

The price changes from December 1933 to Decem-ber 1934 in the other 8 groups into which the productsother than farm products and foods are segregated,were slight, with the exception of the declines in hidesand leather and textile products and the gains in thechemical and drug and miscellaneous groups.

Moody's index of the spot prices of 15 sensitivecommodities reached a new high January 9 at 160, or60 percent above the prices of these commodities onDecember 31, 1931. This represented a 10-point risefrom the comparable date in December. SinceJanuary 9 the index has receded to 155.1 on January23. The December 1934 average of this index was151.5, which was 22 percent above the average forDecember 1933.

Retail prices of department-store articles, as meas-ured by the Fairchild index, continued during Decem-ber the slight downward movement which has beenunder way since March. The index for January 2, at87.2 percent of the January 1, 1931, prices was 2.4points below the high for the year 1934.

Retail prices of foods advanced 1.5 percent duringthe 2 weeks ended January 2, increases being noted ineach of the 6 groups of foods. This is the first increasein the index of food prices since the 2 weeks endedSeptember 11, which marked the high since the begin-ning of the recovery period. The current index isslightly below that for the September 11 period.Since January 2, 1934, the index has advanced 10.9percent.

INDEXES OF COMMODITY PRICES

Year and month

1929: December1930: December1931: December1932: December1933: December1934:

JanuaryFebruary. _March.AprilMayJuneJulyAugustSeptember..OctoberNovemberDecember

Annual index:192919301931193219331934.

Wholesale (Department of Labor)

=J«3® 0

T3 3go-

""* >»?i11SE38

Economic classes Groups and subgroups

ao3•dI•ao12S

1

i

MB«3

1§5

I

£W !3•a

1£1

«"3&

Cft

13

I3 :

03o>* ,

S <* iETS •'al

I!•w42

It

*2.2

ifc/O|

&

S

i•a§£I

w

W),£1s1!

1i•aflAcfl

€S

Mfl2«'2U ft

a?,3%OW

1o>

£

;!«

1•a

o•2x9iH

0030VC

1 !

Monthly average, 1926=100

93.379.668.662.670.8

72.273.673.773.373.774.674.876.477.676.576.576.9

95.386.473.064.865.974.9

92.782.873.368.474.8

76.077.077.277.177.878.278.279.280.179.279.379.5

94.588.077.070.370.578.2

95.074.260.252.161.9

64.166.065.965.165.167.368.371.673.972.172 273.1

97.584.365.655.156.568.6

92.075.163.757.772.3

71.974.874.373.973.772.972.772.671.871.571.171.0

93.981.869.059.365.472.8

101.975.255.744.155.5

58.761.361.359.659.663.364.569.873.470.670.872.0

104.988.364.848.2

I 51.4|«.i

97.564.047.031.760.4

63.763.262.358.863.972.474.886.088.185.087.291.5

97.478.353.039.453.174.5

98.782.469.158.362.5

64.366.767.366.267.169.870.673.976.174.875.175.3

99.990.574.661.060.570.5

103.289.263.249.446.0

48.953.356.557.360.062.263.469.476.670.068.469.0

109. 193.475.453.250.062.9

90.580.372.369.077.5

78.378.778.578.678.978.278.478.378.378.078.078.0

91.685.275.0

! 70.21 71.2

78.4

94.484.875.770.885.6

86.386.686.486.787.387.887.085.885.685.285.085.1

95.489.979.271.477.086.2

93.585.676.172.373.7

74.475.575.775.575.475.675.475.776.577.176.978.1

94.289.179.373.572.675.9

83.174.068.369.373.4

73.172.471.471.772.572.873.974.674.674.674.473.7

83.078.567.570.366. 373.3

107.391.479.869.689.2

89.589.688.788.987.987.186.383.884.183.884.285.1

109.1100. 086.172.980.986.6

94.788.878.573.681.0

80.881.081.481.682.082.081.681.881.881.781.381.2

94.392.784.975.175.881.5

98.587.982.279.483.5

85.587.087.187.989.187.786.886.786.686.386.285.9

100.592.184.580.279.886.9

87.873.760.853.076.4

76.576.976.575.373.672.771.570.871.170.369.770.0

90.480.366.354.964.872.9

82.273.566.863.465.7

67.568.569.369.569.870.269.970.270.269.770.671.0

82.677.769.864.402. 569.7

Cos

t of

liv

ing

(Nat

ion

al

In-

du

stri

al C

onfe

renc

e B

oard

)

Mo.average,

1923 =100

100.192.683.175.177.3

77.5 !78.3 !

78.5 i78.4 !78.6 i78.879.179.681.080.980.8 ;80.8

I 100. 096.286.777.7

; 74. 879.4

Far

m,

com

bin

ed

inde

x, 4

7co

mm

od

itie

s (D

epar

tmen

tof

Agr

icul

ture

) i

Mo.average,1909 to1914 =

100

147104756378

7783848282868796

103102101101

14612687657090

RetailIMO

"34>

fcj'si5 oP<,fi

&5mT3

Mo.average,1913=

100

15813711499

104

105108109107108109110112117116115114

157147121102100111

ilii«"S

iDe«.1930

(Jan. l,1931) =

100

116.1100.083.571.888.0

88.589.689.689.488.688.287,987.787.787.487.487.2

90.975.877.588. 3

» Revised. See p. 20 of the November 1934 issue. 2 Middle of month. 3 Index is for 1st of following month.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Domestic Tradedata on retail trade indicate a relatively

favorable trend of consumer purchases. Decem-ber sales rose sharply in accordance with the usualtrend and, for department store and rural generalmerchandise sales, the increases were in excess of thenormal seasonal gains. The increase in variety storesales did not measure up to seasonal expectations.Sales reports on January retail store trade are not asfavorable as the December returns, although the dollarvolume of sales continues to show substantial increasesover a year ago. Sales of new passenger automobiles,which declined in December, are expected to record amuch greater-than-seasonal increase in January.

Statistics for the year 1934 reveal the first yearlyincrease in the dollar volume of retail sales since 1929.The 4-year decline following 1929 had reduced the valueof retail trade by approximately one-half to $25,000,-000,000. The available indexes of retail trade for thepast 37ear indicate a gain in total dollar sales of at least10 percent, and possibly as much as 15 percent, incomparison with 1933.

Sales through department stores during Decemberwere up about 4 percent after adjustment for seasonalvariation. This was the first increase in the adjustedindex since August. December sales were 11 percenthigher than in 1933, or the same relative increase asin November.

The improvement in purchasing power of the farmpopulation was a notable feature of the year 1934.December sales of general merchandise in rural areas,after allowance for the usual seasonal rise, were 5 per-cent higher than in November. The increase over thesame month of 1933 was 22 percent, or about the samerelative gain for the year as a whole.

One of the interesting aspects of the sales of chaingrocery stores is the apparent decline in the volume offood sold through these outlets during the year 1934.The gain of 4 percent in the year's sales as comparedwith 1933 was considerably less than the rise in foodprices for the year. Similarly, December sales were1.5 percent higher than a year earlier whereas the risein the retail food price index was about 9.6 percentbetween these 2 periods.

In line with the trend of retail sales, newspaper andmagazine linage expanded during 1934 for the firsttime since 1929. The increase in newspaper linage wasabout 10 percent, and for magazine linage, 30 percent.After adjustment for seasonal variation, magazineadvertising reached a peak in the summer of 1934, atwhich time it was 50 percent above the depression lowreached in the first quarter of 1933. In the latter halfof the year, and particularly in December, the trend ofmagazine advertising was downward, after due allow-ance for seasonal factors.

DOMESTIC TRADE STATISTICS

Year and month

1929: December1930: December1931: December. _ _1932: December _1933: December.1934

January _FebruaryMarch .AprilMayJuneJulyAugust. „_SeptemberOctober _ _November _December _

Monthly average'19291930.193119321933..1934

Retail trade

Department stores | Chain-store sales

Sales

Unad-just-ed^

Ad-just-

ed a

Stocks *

Unad-just-

ed

Ad-just-

ed »


191165143106121

5759737377705160798283

134

111102

Q2696775

10894826069

697177777774727976747378

9485735662

596367686863596167717460

1009482666165

10091776065

666665656665646464646564

Com-binedindex

(18 com-panies) *

Avg. samemo. 1929-

31 = 100

7788

899191929092939395929394

848392

Variety stores

Unad-just-ed i

Ad-just-ed '

Monthly aver-age, 1929-31 =

100

205.4185.2166.6132.7153.7

70.273.087.282.590.086.379.779.985.591.392. 9

163.9

107.199. 093.880.882.590.4

111.3100.490.371.983.3

94.287.594.887.290.090.889.590.389.590.091.588.9

Mail-orderandstore

sales, 2houses

Thou-sands of

dolls.

90, 01972, 48658, 82151, 55661, 804

36, 70536, 01643, 59246, 03751,07246, 33037, 38744, 13452, 99764, 13460, 59576, 631

61, 24855 2^547,21438 345

: 39, 77549, 636

New passen-ger car sales

Unad-just-ed!

Ad-just-

ed 2

Monthly aver-age, 1929-31 =100

65.146.934.519.317.3

22.845.768.487.978.184.673.963.151.947.339.227.1

144. 193.062.935 543.357.5

113. 082.560.534.030.5

33.554.564.559.055. 563.567.056.053.059. 063.048.0

Wholesaletrade «

Em-ploy-ment

Payrolls

Monthly aver-age, 1929=100 |

102. 691.582.675.481.5

80.681.281.882.182.882.382.2

j 82.583.584.385.1

| 85.0

100. 095.785.876. 876.1

i 82.8

104.790.275.659.360.9

60.361.062.063.162.662.863.862.763.664.564.264.8

100.095.381.964.256.863.0

Freight-carloadings, mer-chandise I.c.l.

Unad-justed*

Ad-just-

ed 2

Monthly aver-age, 1923-25=

100

9686776464

656567676765646567666562

1059787726765

10392836968

706766656565656564636460

Commercialfailures

Fail- Liabil-ities ities

N-- 2£Der" of dolls.

2, 037 67, 4652, 525 83, 6832, 758 73, 2132, 469 64, 1891, 132 27, 200

1, 364 32, 9051, 049 19, 4451, 102 27, 2281, 052 25, 787

977 22, 5611, 033 23, 868

912 19, 326929 18,460790 ! 16.440

1,091 i 19,968923 i 18, 350963 19,911

1, 909 : 40, 2712, 196 ; 55, 6902, 357 ; 61, 3592, 652 i 77, 3591,692 ' 41,9031,015 22,021

'

Corrected to average daily basis. 2 Adjusted for seasonal variation. 3 End-of-month figures. * See note on p. 26 of the Nov. 1934 issue. 4 Revised. See note on p. eDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


EmploymentFACTORY employment increased in December con-

trary to the usual seasonal movement, the season-ally adjusted index advancing 3 percent. The increasein pay rolls was larger, amounting to 6.2 percent.While employment increases occurred in a large num-ber of industries, the principal causes of the rise werethe unusually rapid increase in the production ofautomobiles and the less-than-seasonal decline inmany of the industries in the nondurable goods group.

The increase in employment in the manufacturingindustries in the durable goods classification amountedto 3.4 percent. The increase in the transportationequipment group alone was estimated at 92,000, mostof these being taken on by automobile factories. Theincrease for the durable goods industries combinedwas estimated at 90,000, so that the statistics indicatesome decrease in the "heavy" goods industries, whenthe transportation equipment group is excepted.However, 25 of the 46 industries in the durable goodsclassification showed increases.

Of the 44 industries placed in the nondurable classi-fication, 17 showed increases in December while 27reported decreases. Among these decreases, whichwere mainly seasonal in character, were: The beetsugar industry (40 percent), canning and preserving(22 percent), shirts and collars (11 percent), men'sfurnishings (7 percent), women's clothing (3.4 percent),and millinery (5.7 percent).

Among nonmanufacturing industries, the largestgain was the seasonal increase in the retail trade group.For department stores, variety stores, general mer-chandise, and mail-order establishments, the increaseamounted to 27 percent. Employment in the build-ing and construction industry experienced a seasonaldecline of 12 percent.

Relief demands upon the Federal Government con-tinued extremely heavy during the month. Therewas little change in the number of persons suppliedwith work by Government programs in December ascompared with November. The Public Works Ad-ministration employed 87,000 fewer workers in Decem-ber, the work of building and maintaining State roadsrequired 50,000 fewer men, and the end of an enlist-ment period accounted for a decline of 37,000 in theCivilian Conservation Corps enrollment. Offsettingthese declines was the increase of 200,000 in workersemployed by the emergency works program.

It is estimated that over 19,000,000 persons, or about15 percent of the total population of the country, werereceiving relief under the general relief and numerousspecial programs of the Federal Emergency ReliefAdministration in December. This is the largesttotal for any period since the present program hasbeen in effect. These figures reflect the continuinglarge volume of unemployment and the exhaustion ofprivate resources.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES

Year andmonth

1929: December.1930: December.1931: December.1932: December.1933: December.1934:

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptember..OctoberNovember..December-

Monthly aver-age:

19291930...1931193219331934

Factory employmentand pay rolls

Employment

Unad-justed

Ad-justed^

Payrolls

Unad-justed

Monthly average,1923-25=100

99.882.371.062.174.4

73.377.780.882.382.481.078.679.575.878.376.878.1

104.891.577.464.169.078.7

101.083.371.562.475.0

75.178.481.082.282.481.479.479.373.976.776.779.0

100.775.257.641.564.5

54.060.664.867.367.164.860.462.157.961.059.563.3

109.188.767.546.148.561.9

Nonmanufacturing employment and pay rollsj (Department of Labor)

Anthracitemining

Em-ploy-ment

Payrolls

Bituminouscoal mining

Em-ploy-ment

Payrolls

Power andlight

Em-ploy-ment

Payrolls

Telephoneand telegraph

Em-ploy-ment

Payrolls

Retail trade 2

Em-ploy-ment

Payrolls

Monthly average, 1929=100

107. 199.179.862.354.5

64.163.267.558.263.857.563.649.556.958.560.761.6

100.093.480.562.551.759.6

137.2100.078.456.244.3

73.265.882.451.764.053.342.339.747.048.351.252.3

100.095.375.453.745.855.9

101.392.581.270.075.4

75.876.177.872.276.776.777.077.178.279.379.879.7

100.093.483.267.467.977.2

108.277.752.337.750.8

51.354.658.951.454.455.149.750.451.457.858.357.0

100.081.357.535.637.854.2

102.5103.290.378.481.8

82.281.281.782.483.184.085.085.685.885.885.583.6

100.0103.095.683.078.883.8

105.8106.391.273.274.4

73.874.475.676.877.677.881.179.979.380.679.678.3

100.0104.396.779.872.077.9

101.891.683.174.869.4

70.269.870.070.270.270.471.071.070.970.369.969.7

100.097.986.679.170.4

1 70.3

103.9101.392.773.567.7

69.067.970.468.871.471.372.374.072.274.972.273.2

100.0102. 993.781.168.271.5

111.9102.590.680.989.1

79.879.681.582.582.982.679.077.881.782.683.790.8

100.096.887.776.876.182.0

109.795.480.460.464.0

59.058.859.861.261.561.460.158.460.661.961.866.0

100.095.383.163.255.260.9

Trade-unionmem-

bers em-ployed

Percentof total

members

8477706671

727475767675727275767573

887974686974

Wages

Factory s

Averageweekly

earnings

Averagehourly

earnings

Dollars

27.7324. 0320.7416.3718.67

18.8919.8120.4921.0020.7920.7019.9219.5919.6320.0120.0720.71

28.5425.9022.6017.1017.7120.13

.591

.579

.538

.467

.550

.551

.658

.561

.579

.586

.586

.587

.588

.591

.593

.594

.593

.589

.589

.564

.497

.491

.581

Com-monlabor

Centsper

hour

4037333238

373742434343424141414140

393936323541

i Adjusted for seasonal variations. « Revised. See note on p. 68. s National Industrial Conference board.


8 SURVEY OF CUERENT BUSINESS February 1935

FinanceOUTSTANDING developments in the field of fi-

nance during January were the Budget messageof the President to Congress, the flurry in the securityand foreign-exchange markets induced by the hearingof the gold cases by the Supreme Court, and the heavymovement of gold from Europe to the United States.

According to the Budget message, the estimatedFederal deficit for the fiscal year ending June 30, 1935,is $4,869,000,000, including $573,000,000 for statutorydebt retirements. For the fiscal year to end June 30,1936, the estimated expenditures of $8,520,000,000,including $636,000,000 for debt retirement, are expect-ed to exceed receipts by $4,528,000,000. These deficitsare the result of continued heavy expenditures for re-covery and relief since regular expenditures (exclusiveof debt retirements) are below anticipated receipts.

Speculative activity arising from the general discus-sion of the gold cases caused a brief reaction in bothstock and bond prices in mid-January. This was ac-companied by a recession in some speculative commod-ity prices and a sharp break in foreign-exchange rates.Changes in both the stock and bond price "averages",as a result of the month's trading, were not important.

The break in the foreign-exchange rates of gold-standard countries made profitable the import of gold,and arrangements were made to transfer a considerablequantity to this country. Net gold imports duringDecember amounted to $92,000,000, while in the 2weeks ended January 18 imports were $18,000,000.These have tended to increase the already high mon-etary gold stocks.

The condition of extreme ease prevailing in theshort-term money market in recent months was unaf-fected by the year-end demands. Since the first of theyear, seven of the Federal Reserve banks have reducedtheir rediscount rates. Four of the banks now have arate of 2% percent, seven a rate of 2 percent, while theNew York bank has a rate of ll/2 percent.

No marked change has occurred in the volume of newfunds derived from long-term capital issues. Theamount of such issues in both December and Januaryremained extremely small. The Securities and Ex-change Commission issued new regulations during themonth concerning the registration of new issues whichwere designed to facilitate new financing.

Member bank credit outstanding was approximatelythe same in mid-January as a month earlier. Invest-ments in Government obligations increased during thisperiod, while there was a further moderate decline inloans. Government deposits were reduced as thelarge balance accumulated in December was graduallyutilized for the settlement of current bills. TheseGovernment operations continue to be reflected in amarked growth in demand deposits, since a considerableportion of the Government funds after disbursementfind their way into private accounts. This relationshipis evident in the changes in the member bank statementduring the past year. In this period, net demand de-posits have increased by approximately 2% billiondollars, while the banks7 holdings of Government obli-gations and Government guaranteed obligations haveincreased by about 2}£ billion dollars.

FINANCIAL STATISTICS

Year and month

1929: December1930: December1931: December1932: December _ _1933* December1934:

JanuaryFebruaryMarchApril . -. -.MayJuneJulyAugust _•SeptemberOctoberNovember.. . .December

Bankdebits

outsideNewYorkCity

Reporting memberbanks, Wednesdayclosest to end ofmonth i

Loanson

securi-ties

Allotherloans

In-vest-

ments

FederalReservebankcreditout-

stand-in£9*end of

month

Totalbank-ers' ac-cept-ancesout-

stand-ln£'~end of

month

Net !goldim- \ I

ports !in- Money

eluding ingold circu- jre- lation

leased \from | !ear- i

mark 2 1

Savings deposits

NewYorkState

PostalSav-ings

Millions of dollars

26, 90223, 10717, 11212, 82013,288

13, 19811, 78414, 07714, 27814, 10514, 75413, 91013, 42012, 88814, 46513, 40815, 666

3,7893,620

3,6093,5203,5143,5773,4763,5293,3583,2473,0473,0513,0173,081

5,082 ,4,765

4, 7404,6654,647 !4,5594,5504,485 ;

4,5154,5554, 747 ]

4,7564,688 !4,565

7,9108,200

8,7729,2159,3119,3289,2800,7239,8899,906

10, 01710, 03010, 05910, 575

: 1, 5821, 3731,853

! 2, 145! 2,688

2,6302, 5672, 5452, 4852,4632,4722,4622,4642,4642,4552,4532,463

1,7321,556

974710764

771750685613569534516520539562561543

-86.417.633.9

171.92.7

9.4521.2236.553.634.164.752.936.2

-16.311.1

120.892.3

4,943 l ! 4,3924,823 ! 4,7925,612 | 5,2555,699 !! 5,3145,811 i j 5,064

5,669 1 5,067« 5, 339 5, 076

5,368 5,1225,366 i 5,0975,355 5,0905,341 5,1345,350 5,1145,355 5,0545,427 5,1455,473 i 5,1285,494 : 5,1195,577 5,154

164245605902

1,209

1, 2011, 200,200,197,197,198,190

1,1931, 1921, 1991,2031,207

Stockprices(421)

Stand-ard

Statis-tics

1926=100

153.8109.457.747.470.4

75.680.577.179,671.873.571.467.867.067.369.469.2

Bondprices,NewYorkStockEx-

change(do-

mestic)

Dollars

97.0395.9080.1981.6585.11

88.7790.1291.0992.5492.3293.1692.0091.1390.0591. 2391. 6892.57

Newcapitalissues

Thous.of dollars

565, 946384. 144118, 751124, 68657, 150

47, 77579, 12197, 276

143, 404102, 733122, 506216, 645179, 54843, 375

121, 903107, 036140,941

Aver-age

! divi-dend

share(600

com-panies)

Dollars1

3.032.731.961.211.11

1.121.151.161.16 :1.18.19.21.23.23.24.27.27

Interestrates,com-

mercialpaper

(4-6months)

Percent

52M-3

3M-4Ifc-lH1K-1H

1K-1H1M-1H1 -IX1 -IX

l%-l&&£i

i 91 cities. * Net exports indicated by (—). *Gold coin reported in circulation prior to Jan. 31, 1934, was eliminated from the total as of that date.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

February 1935 SURVEY OF CUEEENT BUSINESS 9

Foreign TradeFOREIGN trade fell off in December by more than

the usual seasonal reduction. The value of bothexports and imports dropped 12 percent as comparedwith November. Curtailment of exports in Decemberoccurred chiefly in leaf tobacco, raw cotton, coal, crudepetroleum, and meat products. Among the imports,the heaviest declines were in coffee, crude rubber, rawsilk, and tin, although imports of many other commod-ities also declined.

Complete statistics for the year indicate that thephysical volume of exports increased 18 percent in1934 as compared with 1933, primarily as a result ofthe expansion in foreign sales of semimanufactures andfinished articles. The quantity of crude material ex-ports was about 8 percent larger in the first quarterof 1934 than in the same quarter of 1933, but exportsof this class of commodities (particularly raw cotton)during the remainder of the year fell considerablyunder the shipments in the corresponding period of1933, In the last quarter of 1934, the quantity ofcrude material exports was 28 percent less than in thefinal quarter of 1933.

Aside from the expansion in exports of manufac-tured articles, the higher level of commodity pricesaccounted chiefly for the increases of 27 percent and14 percent, respectively, in the value of exports andimports during 1934.

The unit value (price) index of exports of UnitedStates merchandise increased approximately 18 per-cent as compared with 1933, while the price index ofimports advanced by 16 percent. Crude materialsshowed relatively marked advances in prices; the unitvalue of that class of exports increased 32 percent,while the increase for crude material imports was 22percent. Finished manufactured articles increasedonly moderately in price—9 percent in export tradeand about 6 percent in import trade.

Automobiles, machinery and apparatus, metalmanufactures, wood and paper, and petroleum prod-ucts were among the leading groups of export com-modities chiefly responsible for the expansion in thequantity of total exports. The value of machineryand vehicle exports aggregated $435,000,000 in 1934in comparison with $236,700,000 in 1933, an increaseof 84 percent, while the value of the other groupsshowed increases ranging from 77 to 14 percent.

Exports of cotton cloth declined 25 percent inquantity during 1934 but, because of the advance inprice, the value was slightly larger than in 1933. Thequantity of unmanufactured cotton exports decreased30 percent and the value dropped 6 percent. Thisdecline in cotton exports was responsible for a dropof more than one-fifth in the quantity of all agri-cultural products exported.

EXPORTS AND IMPORTS

Year and month

1929: December1930: December1931: December1932- December1933: December _1934:

JanuaryFebruaryMarchAprilMay .JuneJulyAugust .SeptemberOctoberNovemberDecember

Yearly totals:19291930 —1931193219331934

Indexes

Valueof

totalex-

ports,ad-

justed i

Valueof

totalim-

ports,ad-

justed i

Monthly aver-age, 1923-25=100

10668463348

444750504550484948454543

3115384353335837347

9765483042

4242444247444339433947«

3 113379354334»37'43

Ex-ports,in-

clud-ing

reex-ports

Exports of United States merchandise

Total

Crudematerials

TotalRawcot-ton

Foodstuffs

Total

Fruitsandprep-ara-tions

Semi-man-ufac-tures

Finishedmanufactures

TotalMa-chin-ery

Auto-mo-

biles,parts,and

acces-sories

Imports >

TotalCrudema-

terialsFood-stuffs

Scmi-in an -ufac-tures

Fin-ishedman-ufac-tures

Millions of dollars

426.6274.9184.1131.6192.6

172.2162.8191.0179.4160.2170.6161.8172.0191.7206.4194.9170.7

5, 241. 03, 843. 22, 424. 31,611.01, 675. 02,133.6

420.6270.0180.8

! 129. 0189.8

1 169.5! 159.7

187.5i 176.5

157.2168.0159.2169.8189.2203.6192.3*

j 168.5

-5, 157. 13,781.22,378.01,576.21,647.23,101.0

126.076.868.452.273.1

60.454.255.345.938.047.037.239.766.482.971.754.5

1, 142. 4829.1566.8513.7590.6653.2

90.647.3 !47.439.0 j44.3 |

41.537.734.7 |24.517.628.920.317.832.243.439.235.0

770.8496.8 !325.7345. 2 !398. 2 i372.8

58.740.527.116.024.3

22.719.620.117.816.814.917.122.120.121.918.515.7

753.9541.2373.9241.5203.0227.1

12.015.16.64.88.3

8.46.85.54.43.34.02.97.77.19.05.45.4

136.0109.7108.276.567.669.8

54.433.820.615.728.5

25.024.531.429.426.227.928.829.429.728.830.430.3

729.0512.8317.6196.7237.0341.8

i

181.4118.964.745.063.9

61.461.480.883.476.278.176.278.773.070.171.768.0

2, 531. 81, 898. 11,119.7

624.2616.6878.9

49.535.217.69.7

15.8

14.414.618.319.217.018.618.920.218.818.720.619.1

606.8515.5316.8131.7132.5218.4

25.715.48.05.19.3

10.813.220.621.520.620.018.415.314.012.411.012.4

541.4279.1148.176.390.6

190.2

309.8208.6153.897.1

133.5

128.7125.0153.1141.1146.9135.0124.1117.3149.8137.9149.4126.2

4, 399. 43, 060. 92, 090. 61, 322. 81, 449. 61, 634. 5

115. 669.149.828.736.2

35.736.944.941.042.842.639.134.238.635.140.128.8

1, 558. 61, 002. 2* 642.2

358.3418.2459.9

65.652.336.628.242.4

39.338.348.645.646.339.329.130.857.346.847.847.8

962.2693.6527.1406.9417.2517.0

57.838.125.316.727.2

26.422.229.726.126.926.827.523.024.226.127.421.0

885.1608.2372.0217.0292.0507.5

70.749.242.023.427.7

27.827. •29. S28.430.826.428.129.229.629.934.128.6

993.5757.0549.3340.6322.2350.2

i Adjusted for seasonal variations.

100756—35 2

2 General imports through December 1933; imports for consumption in 1934. * Annual index.



Real Estate and ConstructionTHE major development of the month, affecting

the construction industry, was the announcementof the Government's plans to handle the relief prob-lem during the next fiscal year by an enlarged programof public-works construction, for which an appropria-tion of $4,000,000,000 was asked of Congress.

During the year 1934, publicly financed construc-tion contracts in the areas covered by the F. W.Dodge Corporation statistics, constituted over 60 per-cent of the total. Government work was on a consid-erably larger scale than in 1933, and accounted for allof the increase in the value of contracts placed in1934. Privately financed contracts declined by about$5,000,000 below the 1933 total, to $568,000,000.

The decline in the volume of contracts let duringDecember and January has been less than usually ex-perienced during these months, according to the Fed-eral Reserve Board's index. For the year 1934 theBoard's index was below one-third of the 1923-25 aver-age in all but the first two months of the year, theaverage for the year being 32 percent. This repre-sents an increase over both 1933 and 1932, due entirelyto Government initiative.

Each of the 10 general classes of construction, ex-cepting factories and residential buildings, reflectedgains in contract totals for the year. The decline infactory contracts was about 10 percent, while the lossin residential construction was nominal.

Statistics on building permits for December showa decline in the volume of work represented by addi-tions, alterations, and repairs, the type of activitywhich is not fully reflected in the contract totals. Thevalue of work covered by permits for this class of workin 764 cities was 26 percent lower in December than inNovember, and 2.4 percent less than in December 1933.

The statistics of the American Federation of Laborreveal that 43 percent of its members in the buildingtrades were employed in December, compared with 44percent in November. About half of the numberworking were on a full-time basis.

The Federal Housing Administration has activelypushed its drive for the modernization and repair ofexisting structures. About 85,000 loans were reportedto have been made by banks and other lending organi-zations with an aggregate value of $36,000,000. Theestimated amount of work undertaken, both on a creditand cash basis, is several times this total.

While the Home Owners' Loan Corporation has notbeen accepting applications for loans since the middleof November, advances are being made on approvedloans applied for before that date. Up to January 17,the Corporation had made loans to 760,102 home own-ers, disbursing $2,301,000,000 for this purpose. Whileapplications had dropped considerably below the peakreached in March 1934, the number received in Octo-ber was 35,675.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE

Year and month

1929: December. _ _ ..1930: December1931: December1932: December1933: December.1934:

January.. _. __ __ ._FebruaryMarchAprilMayJuneJuly .August. .SeptemberOctober _NovemberDecember

Monthly averaee:19291930 .19311932_19331934-

Construction

F. B. B.indexad-

justed i

Monthlyaverage,1923-25 =

100

10273382857

494433322626272729313133

1179263 \28 :2532

All types ofconstruction

Num-ber ofproj-ects

7,2817,3916,9514,2057,677

7,7295,5077,9278,1149,1538,3687,1827,6257,666

10, 0137, 5055,771

14, 34811,2729,1846,3447,1017,713

Mil-lions ofdollars

31624913781

207

18697

17813113412712012011013511293

479377258113105129

contracts awarded

Besidentialbuilding

Mil-lions ofsquare

feet

17.814.78.8

! 3.4i 5.9

3.93.68.06.06.27.54.85.04.87.05.34.0

32.319.215.96.16.15. 5

Mil-lions ofdollars

114.170.936.213.023.9

15.114.528.122.724.826.619.818.617.926.319.914.6

159.691.867.623.320.820.7

Pub-lic

utili-ties

Pub-lic

works

Millions ofdollars

28.124.711.06.5

34.0

10.66.4

21.012.45.6

13.17.98.76.5

12.68.5

12.9

43.758.424.66.38.6

10.5

37.354.239.536.999.2

103.146.771.957.561.244.331.241.943.552.643.837.2

77.980.373.042.941. 652.1

Explo-sives,new

orders

Thou-sands ofpounds

34, 10527, 58419, 51818, 98523, 318

28,50425,58427, 72526, 95824, 23124, 81223, 38426, 06325, 48926, 89225, 10822,635

40, 38335,41027, 12018, 95920, 78225,615

Building-materialshipments

Maplefloor-ing

Oakfloor-ing

Thousands offeet, boardmeasure

2,7151,8111,9281, 5903,234

3,6653,6654,6434,3034,5123,5734,4214,2793, 3863,4083,0052,668

5,7343, 6002,9742,1772, 6973,794

23, 13717, 15212, 9764,3276,417

5,1378,112

13,7119,4769,8137,9657,7139,0419,003

10, 0959,5336,964

37, 05824, 98521, 42310, 34210. 0778,880

Ce-ment

Thou-sands ofbarrels

5,951 !5,6884,1422,8353,738

3,7782,9524,6186,4928,7848,5417,8988,2497,3888,4395,6743,104

14, 12013,22910,5396,7155,341 :

6,326

Highwaysunder

construc-tion

(NationalIndus-

trialBecovery

Act)

Thou-sands ofdollars

159, 575

197, 088216, 291239, 974269, 229288,460283, 506267, 509231, 554203, 027179, 453159, 599147,807

223, 625

Con-struc-tion

costs,Eng.

News-Bec-ord?

Month-ly av-erage,1913=

100

209.5196.9166.2158.5192.1

191.3194.0194.0195.9199.6199.6199.7198.4200.6200.9201.4201.9

207.0202.9181.4157.0170.2198.1

Long-termreal-estatebondsissued

HomeLoanBank,loansout-

stand-ing

Thousands ofdollars

8,10029, 8773,185

2000

000000

40000000

27, 82314, 2569,574

306750033

83888, 442

92, 49794,04093, 12588,92286, 84286, 24885,72385, 51986, 64787,44687, 71487, 258

47,91388, 498

i Based on 3-month moving average and adjusted for seasonal variations. »Index is as of first of month, Jan. 1,1935,198.7,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

February 1935 SURVEY OF CURRENT BUSINESS 11

TransportationFREIGHT-CAR loadings in December declined less

than is usual during that month and the adjustedindex of the Federal Reserve Board rose from 59 percentof the 1923-25 average in November to 64 in December.Improvement was noted in all but one of the 8 classesof freight, livestock shipments alone showing a declineas compared with the usual seasonal movement.The adjusted index of miscellaneous freight, whichrepresents more than one-third of the total shipments,increased more than 10 percent to 71 percent of theaverage shipments in 1923-25. L. c. 1. merchandiseshipments increased but slightly on this basis.

During the first 3 weeks of January loadingsshowed about the usual seasonal movement. For theweek ended January 19 loadings were 69.5 percentof the 15-year average for that week, which is thehighest point reached on this base since the first ofJuly, except for 2 weeks in December.

Net railway operating income of class I railroadsduring November declined 16 percent below that forNovember 1933, or slightly more than the October1934 decline, as compared with October 1933. Similarcomparisons for the earlier months of the year werefar more favorable, as net railway operating incomedeclined only 3 percent for the first 11 months ascompared with the same period of 1933. The decrease

in net railway operating income for the 11-monthperiod is attributable to the 8.9 percent increase inoperating expenses, since total operating revenues in-creased 5.7 percent and taxes decreased 4.9 percent.Car-loading reports indicate that net railway operat-ing income will be less in December than in Decembera year ago.

Railway employment continued in December, thedecline which has been noted each month since July,but after adjustment for the usual seasonal variationthe index of employment increased slightly in Decem-ber to 55 percent of the 1923-25 average.

The Association of American Railroads has reportedthat class I railroads installed 24,103 new freight carsin 1934. In 1933 and 1932 the corresponding figureswere 1,879 and 2,968, respectively. Fifty-nine newsteam locomotives and 31 electric locomotives wereplaced in service in 1934. In 1933 one new steamlocomotive was installed and in 1932, 37 Purchaseson the 1934 scale were made possible by the extensionof loans from P. W. A. funds.

The major electrification project of the PennsylvaniaRailroad between New York and Washington, whichwas financed partly by Government aid, was com-pleted to a point which permitted the operation of thefirst through train in January.

RAIL AND WATER TRAFFIC

Year and month

1929: December1930: December1931: December1932: December.1933: December. . -1934:

JanuaryFebruary _. _March..AprilMay _ _ _JuneJuly .--.August ___

OctoberNovemberDecember

Monthly average:192919301931193219331934

Freight-car loadings

F. R. 15. index

««%

IG

1i "31 I I

$

|

11

4

1•« «y1o "aa

1

v

W

5

1

i 1

«

1£"3%3

1F

reig

ht-

car

surp

lus

Monthly aver- |age, 1923-25= 1 Thousands of cars *

100

8974615256

586163606364636367646056

1069275565862

10284695863

646466626364615959575964

834.9679.3555.0496.7517.4

544.4577.2611.8583.7610.4615.6586.6605.0628.5632.9588.3518.4

J, 015.9879.2714.4541.9561.9592.0

186.8149.5115.4125.0116.0

129.8143.8

! 145.9100.3

1 106.8i 100.3

93.2i 95.9! 116.1

121.0123.6122.9

! 174.915L 9

! 124.9i 102.7

109.5; 117.0

11.68.55.85.66. 7

7.710.18.95.86.86.84.44.15.25.65.46.0

12.29.36.24.35.7

46.129.017.013.218.4

18.321.823.724.225.124.620.822.322.022.421.218.3

62.545.228.317.321.2

6. 4 »». i

39.735.027.126.526.0

29.430.129.626.528.134.942.740.134.830.627.825.1

46.143. 438.931.831.931.6

25.522.921.016.615.1

17.515.313.416.316.215.422.230.934.128.522.516.3

27.324.722.318.317.120.7

225. 7197.5178.4155. 1148.8

153.8156.9165.5166.0164.9157.7153.2159.6159. 3163.2160.1144.2

254.0234. 1210. 6174.4162. 4158.5

8.55.53.51.72.9

3.13.13.77.4

20.733.131.329.024.417.16.53.1

43.931.916.84.0

; 14.3

291.1231.4186.7152.9183.5

184.8196.2221.0237.4241.6242.7218.7223.1232.5244.5221.3182.5

395.1338.7266.4189.1199.8

1 15. 3 xxv. a

447707751647463

434375357368355343348359318328381395

235467615692509363

Pu

llm

an

pas

senger

s car-

ried

Thou-sands

2,7312,1801,6771,2481,333

1,3061,1321,2271,2121,1221,3031,2801,4031,3541,2651,131

Financialstatistics, class

I railroads

Io>

k2«

O

hog&8

g£ISi-

Thousands ofdollars

464, 243373, 850285, 371243, 347245, 330

258, 006248, 439293, 178265, 391282, 024282, 779275, 984282, 679275, 511292, 903256, 967

70, 95948, 50526, 84432, 37237, 764

30, 93129, 28152, 03832, 26539, 49541, 83635, 22139, 67741, 02048, 62531,583

02,791 ^528,984 ^ 107,39492,471 M46,140 i a 74,569"1,937 ^354,812 i 945,263» 1,318 ^262,144 926,72991,126 19259,108 ! a 39,686

Canal traffic

!s$oe

I

5

2 !iiThousands of

short tons

479311284218172

000

135,7457,9017,5226,9906,1455,0062,627

300

1 11,5779,1125,5762,5615,039

9 1, 249 a 273,987 j a 38,361 &, 5JS1

00000

000

140550557519627465726559

0

411515532520582692

••

i

Thous.of longtons

922

846979

1,1191,0381,008

835770

1 Daily average basis. 2 Adjusted for seasonal variations. 3 American vessels, both directions. 4 Average weekly basis. 11-month average.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Automobiles and RubberPRODUCTION of automobiles for the 1935 market

has proceeded at a pace not witnessed since 1929.In the absence of major alterations such as were re-sponsible for the delays experienced a year ago, pro-duction schedules are generally about a month aheadof the 1934 records. Production of 183,000 cars byUnited States factories during December was the largestfor this month since 1928 and, judging by the schedulesfor the current month, January output should equaland possibly exceed the January 1930 figure.

The attendance at the automobile shows and otherevidences that an expanding market exists for carsthis year have caused dealers to place large orders withthe manufacturers. The uncertainties arising from theexpiration of the automobile code early in Februaryand the possibility of labor difficulties may also haveinfluenced the production schedules set by the manu-facturers. But whatever the reason for the rapiditywith which the industry has swung into production thisyear, demands of automobile manufacturers sinceearly December have put increasing pressure on theindustries supplying the basic materials, parts, andaccessories, and have brought about a sharp rise inactivity in these related lines.

With production of automobiles in the final monthof 1934 the highest since August, the year's total of2,778,739 passenger cars and trucks was the largestsince 1930, while the production of trucks alone wasthe largest since 1929.

The effect of this rising tide of production on em-ployment and pay rolls is evident from the statisticsfor Detroit. The number employed in Detroit fac-tories in mid-January was more than double the totalfor the end of October and was exceeded in only threemonths—March, April, and May—during 1934.

Since new passenger sales in December were largelyconfined to the clearance of 1934 models, the declinein the seasonally adjusted index of sales for that monthwas without significance. Relatively few of the newmodels were delivered before January 1, but the trendof production and sales during the current monthassures a substantial rise in the January index.

Activity in the rubber manufacturing industry hasrecently been at a high rate for this time of the year.Moving contrary to the usual trend, the consumptionof crude rubber in December increased by about 5percent, on a daily average basis, as compared withNovember. Consumption for the month was the lar-gest December total on record. Production of pneu-matic casings was sharply higher in December than inNovember, although domestic shipments were slightlylower. A substantial increase in domestic shipments isanticipated during January.

With exports from producing countries restricted to70,000 tons a month for the first quarter of 1935 andboth domestic and foreign consumption rising, somereduction of the large world stocks of crude rubber maybe in prospect.

AUTOMOBILE AND RUBBER STATISTICS

Tear and month

1929: December ,_ _1930: December1931: December1932: December1933? December1934:

JanuaryFebruaryMarchAprilMayJune. . _JulyAugustSeptember.. .. _OctoberNovemberDecember

Monthly average:1929193019311932 _.19331934

Automobile production

United States

F.B.B.index,ad-

jus ted i

Month-ly av-erage,1923-

25=100

6585666045

5671788578827861514137

105

13585603548 ,69

TotalPas-sen-gercars

Thousands

12015612210781

15723233135533230826723516913278

183

447280199114160232

91121978649

113188275289274262224184124

! 8546

i 128

381231164

; 95i 131

182

Taxi-cabs Trucks

Canada

Total

Automobileexports

Passen-ger Trucks

Newpas-

sengercar

regis-tra-tions

Number

1,4831,4251,144

2911,299

321271610000006

115

1,46674550393

36441

27, 51333, 44323, 64421, 20429,776

43, 25544, 04156, 52565, 71457, 88746, 21342, 70851, 31044, 96247, 98832, 90955, 128

64, 25247, 60334, 72119, 59928, 87949, 053

5, 4955,6222,4322,1393,262

6,9048, 571

14, 18018, 363

: 20,16113, 90511, 114

; 9, 904! 5, 579i 3, 780I 1,697

2, 732

21,94112, 849

' 6, 885! 5, 068

5, 4949, 741

13, 8319,0965,7532,7573,066

3,6858,872

16, 14116, 50916, 05818, 07117, 62112, 52210, 2368,0409,2088,279

28, 28712, 7566,8713,4535,376

12, 104

10,9105,1023,3332,2216,460

7,5736,039

10, 07610, 7568,6126,8166,3387,3057,5307,5127,0727,141

16, 3977,0434,0212, 0803,6267,731

138, 73296, 05477, 56445, 68358, 624

61, 24294, 887

173, 287222, 900219, 163223, 642228, 760193, 828146, 931140, 880107, 64874, 050

323, 354218, 832

1 159,01391,367

124,483157,268

New passenger-i car sales

Unad-; Justed

Ad-justed i

Monthly average,1929-31 = 100

65.1i 46.9! 34.5! 19.3i 17.31 22.8i 45.7; 68.4j 87.9! 78.1

84.673.963.151.9

i 47.3'• 39. 2

27. 1

144. 193.062.935.543.357.5

113.082.560.534.030.5

33.554.564.559.055.563.567.056.053.059.063.048.0

Pneumatictires >

Pro-duc-tion

Do-mesticship-

ments

Thousands

2,4462,2512,1151,5862,466

3,8044,2055,0254,6274,3234,2123,2523,4272,8483,1883,2413,605

4,5813,3983,2492,6723,0203,813

2,4482, 5502,1711,4052,726

3,0433,1063,9664,2125,0494,9563,9544,0912,9932,8343,0262,931

4,4323,4023,2172,6172,8653,680

Crude rubber

Do-mestic

con-sump,tion,total

Im-ports

Worldstocks,end ofmonth

Long tons

21, 17819, 77419, 696

! 15,63125,306

35,15936,54843, 329

1 40,90239,57136,62030, 03530,31227, 31728,52631,358

| 32,996

35,23528,56726,756

! 24,00629, 412

! 34,389

43, 23237, 37053, 81832, 01640, 751

49, 08835, 22042, 25345, 17549, 90148, 74842, 67432,70032, 01029, 24037, 21218, 171

46, 98540, 54441,81634, 55634, 90938, 533

371,425486, 928619, 906621, 078644, 898

643, 355652, 690653, 000647, 993659, 865660, 699672, 312663, 761668, 814669, 557672, 852670, 000

306, 541434, 996549, 360611, 240623, 989661,242

1 Adjusted for seasonal variations. 2 See note on p. 51. December 1934 figures are preliminary.



Forest ProductsDURING the past month there has been a sub-

stantial gain in the volume of new orders andshipments of lumber. In the 4 weeks ended January19, weekly orders were in excess of the cut by 93, 72,54, and 40 percent, respectively. Shipments werealso considerably in excess of production during thisperiod, the latter being held at approximately thesame level as in the corresponding period a yearearlier.

The marked rise in the volume of incoming businesshas been due in part to commitments made followingthe suspension of the minimum price provisions of thelumber code during December. A year earlier whenthe minimum price provisions of the code were placedin effect, the opposite effect was evident for a time.Wholesale prices of lumber for the month of Decemberaveraged the same as in the preceding month, 81.2percent of the 1926 average, but since the middle ofthat month, lumber prices have declined.

Lumber finishing operations were at a higher levelin December than in the preceding month, while opera-tions in the furniture manufacturing industry alsoexpanded.

Activity in the naval-stores industry has remainedquiet during recent weeks with much hesitancy evidentin forward buying. Receipts of rosin at the three

principal southern ports during December were thelargest since July 1933 and tended to increase theabnormally high stocks held at the end of November.Turpentine receipts during the month declined slightly.Stocks, however, increased to the highest level sinceDecember 1931.

Production of paper and paper products declinedduring December, partly due to seasonal influences.There was a marked decline in the output of paperboxes and also of paper and pulp. The newsprintindustry was an exception to the general trend in theUnited States, while Canadian production of news-print held close to the high November rate.

The demand for newsprint was influenced by thedesire of publishers to increase their stocks in anticipa-tion of the increase in price to $42.50 a ton, effectiveon January 1, 1935. Many individual mills were re-ported to be working at capacity in December inorder to make deliveries prior to the first of the year,

Shipments of newsprint from Canadian mills de-clined slightly in December below the November total,,but shipments from United States mills increased. Inboth instances, shipments were in excess of productionwith the result that there was a large reduction in millstocks. This movement, however, reflected the trans-fer of stocks from producers to the consuming industry,.

FOREST PRODUCTS STATISTICS

Year and month

1929: December1930: December1931: December1932: December1933: December1934:

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovember.. ..December

Monthly average:19°910301931193219331934 .

Lumber production

Total Doug-adjust- las

ed i fir

Month-ly av-erage

1923-25=100

8545282332

34293833333129363229 i2629

91 !644125 ;3232

sout*-™-Dta* hard-pine wood

Car loadings « || Employment

rv»K i ; Fur-fn?.Vik Unad-l Ad- ni-?ed" Just- Just' turc»™a- ed i edi ad-wooa | justed i

! 1 !

Millions of feet, board measure

26116710382

111

1091321511531327770

144141129123

"328"245'171"98

o 137"124

157787596

106112124117118108999998

1029679

22613293

104105

2101348649

135

124128120135116146116101105989086

30020112676

114

3123151317

2023252426262126252826

38

18121434

Tur-

Sffi- EE"""f' andlusted i rosin'jusieu unad-

justed

Pay rolls

U

Fur-ni-ture

t

nadjust

Saw-mills

ed

Tur-pen-tineandrosin


i i! 65 80 104.3! 43 52 76.6i 25 30 67.4! 18 22 : ' 54.4

26 31 i 63.8

26 30 62.2I 31 30 63.0i 33 32 64.1; 33 31 63.0i 35 33 i 64.5i 34 33 i 64.71 30 30 ' 64.9i 31 29 62.8

31 30 63.031 30 j 61.2

! 29 30 , 60.7! 28 32 62.9

; 87 i . Ill 964 ! 89 240 73.924 57 9

! 29 ' 61 431 ._ 63.1

1 I : •

85.452.929.925.134. 0

32.132.733.734.535.634.233.133.033.033.332. 632.2

87.6. 07. 8

41.2i 20. 2

28. 033.3

76.173.7

107.7

97.898.6

101.4101.2102.498.697.398.396.289.392.492.9

126.0

88.671.983.097.2

105.266.250.931.540.1

35.340.541.140.340.541.239.342.744.647.244.545.9

114.080.759.234.830.341.9

87.840.919.111.820.0

17.419.120.722.524.223.220.922.122.322.621.320.0

90.767.633.614.216.021.4

35.232.448.9

50.451.746.253.751.4 ;51.0 i50.351.352. 2 :45.147.950.2

98.2

47.532.736.350.1

Newsprint

Con-sump-tionby

pub-lish-ers

Im-ports

i

Pro-duc-tion

Short tons

194, 907166, 645160, 146132, 761148, 427

140, 955153, 958156, 721160, 815193,088154, 175150, 500145, 095151,900168, 372172,287165, 48G

190, 244176, 501164, 142141,320130, 744159, 417

230, 579194, 144108, 087135,430168, 787

168, 752124, 584168,839196, 490204, 036200,004197, 227171, 390159,944201, 146194, 392222,897

201, 892189, 971172, 053149. 344149, 402184,142

117,79099, 44393, 78879, 89980, 895

84,89771, 54484,96680,60589,72682,26074, 01779, 97174,12080, 56274, 85179, 777

116,023106, 86496, 45384, 04978, 86579, 766

i Adjusted for seasonal variations. 1 Of forest products. 1 months' average.



Iron and SteelOPERATIONS iiT the iron and steel industry

expanded rapidly during December and Januaryin response to the heavy demands for finished steelfrom a number of major consumer industries. By theweek ended January 26, the rate of steel ingot produc-tion had advanced to 50 percent of capacity, a rategenerally regarded as providing a profitable basis ofoperation for the industry as a whole.

The automobile industry has released the largesttonnages since early 1930, and many sheet and stripmills are reported to have a substantial volume oforders on hand and to be pushed to meet currentdemands. Agricultural implement makers, sanitaryware manufacturers, and miscellaneous outlets wereamong other large purchasers. Two important cus-tomers, the railroads and the construction industry,have placed relatively few orders.

Steel-ingot production in December, at 35 percentof capacity, was up more than a fifth as compared withthe preceding month. December shipments of fin-ished steel by the leading producer were 14 percentabove the November total and a much larger increaseis anticipated for January. The number of pig-ironfurnaces in blast had increased to 69 by the end ofthe year and more were lighted during January.

Machinery manufacturers are among those requisi-tioning increased quantities of steel. The improve-ment in machinery lines is evident from the sharp rise

in orders for machine tools during December. Thisdemand was extensive and well distributed. Domes-tic business reached the highest volume of any monthsince 1930, while there was substantial gain in foreignbusiness also. The volume of machine-tool orders forthe year 1934 was equal to about 61 percent of theaverage for the preceding 15 years.

Figures on finished steel consumption for the year1934 reveal some shifts in the relative position ofmajor consumers, although the automobile industrywith one-fifth of the total continued as the leadingoutlet. The railroads and building industry contendfor second place with consumption estimated at from11 to 13 percent of the total, while metal containersare in fourth place after placing second in 1933.Exports accounted for approximately 5 percent of thereported consumption. Purchasers of steel rails,spurred by substantial Government loans to the rail-roads, more than doubled as compared with 1933.Awards for structural shapes and reinforcing steelimproved only slightly over 1933.

During the past year there was no expansion of anyimportance in the ingot capacity of the industry, buta marked increase in finishing mill capacity occurred.Sheet and strip mills, with an annual capacity ofnearly 1,000,000 tons, were completed, according totrade sources, and an additional 2,000,000 tons isreported to be under construction.

IRON AND STEEL STATISTICS

Year and month

1929: December _.1930: December1931: December1932: December . ._1933: December1034:

JanuaryFebruaryMarchApril — _MayJuneJulyAugust8flpt6TnherOctober -NovemberDecember . --

Monthly average:192919301931193219331931

General operations

Produc-tion,ad-

justed i

Em-ploy-ment,

ad-jus ted i

Pay Irolls,

unad-justed

Monthly average,1923-25=100

9563422860

566366768485473837414864

1309460315359

98.478.762.350.167.6

64.966.469.171.574.376.371.468.865.465.666.467.7

102.689.269.653.358.669.0

96.16£.640.824.643.7

41.145.751.356.861.362.647.645.541.142.844.247.7

107.885.755.029.136.249.0

Iron andsteel

EX-ports

Im-ports

Pig iron

Pro-duc-tion

Thousands of longtons

2151025754

185

178151261202242219233243301220299283

2531658150

112236

4841262931

232538272925183224203520

624535323526

2,8371, 666

980546

i 1, 182

1, 2151, 2641, 6201, 7272, 0431, 9301, 2251,054

898951957

1,028

3,5242,6171,523

7241,1011,326

Fur-naces

inblast

Num-ber

15795564275

878996

11011789756262655969

20314888527182

1Steel ingots

Pro-duc-tion

Thou-sandsof longtons

2,9031, 9801, 301

8611, 799

1, 9712,1832,7612,8983,3533,0161,4731, 3631, 2521,4621, 5891, 941

4,5263, 2742,0991,1101,8832,105

Per-cent

ofca-

pac-ity

5938241533

334146535653272323252835

896338203437

Steel sheets »

Newor-ders

Ship-ments

Thousands ofshort tons

23523310077

110

209184158272246115736677

1031 133

31722315088

125

17914410367

112

13114720118424130285787395

109

32121815891

125

UnitedStatesSteel

Corpo-ration,

finishedprod-ucts,ship-

ments

Longtons

579, 098351,211227, 576600, 639

331,777385, 500588, 209643, 009745, 063985, 337369, 938378,023370, 306343, 962366, 119418, 630

968, 691639, 729331, 172483, 770493,823

Prices

Ironandsteel,com-

posite 3

Steelbillets,Besse-mer

(Pitts-burgh)

Steelscrap(Chi-cago)

Dollars per long ton

35.4331.6929.9028.2831.01

31.1531.3031.3832.6732.9732.9632.3232.2432.1532.1032.1532.39

36.0933.3730.9029.0529.2232.15

34.6030.6028.8026.0026.00

26.0026.0026.0026.7529.0029.0027.4027.0027.0027.0027.0027.00

34.6631.8429.3626.5226.0027.10

12.5010.007.805.258.94

10.5011.0012.1311.7510.959.759.559.198.508.759 25

io!si14.7912.068.896.258.05

10.14

Finishedsteel,com-posite

Dollarsper 100pounds

2.502.192.162.142.31

2.312.312.312.402.532.532.462.442.442.442.442.44

2.542.322.202.152.162.42

iAdjusted for seasonal variations. > Black, blue, galvanized, and full finished. 8 See tabl-> on p. 19 of the January 1935 issue.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

February 1935 SURVEY OF CUREENT BUSINESS 15

Textile IndustriesMIXED trends were evident in textile manufac-

turing during December, but operations for theindustry as a whole were at a higher level than inNovember. The sharp rise in the seasonally adjustedindex of production was influenced by the trend ofsilk consumption and the increase in activity in thewoolen industry. Nevertheless, the pay-roll data indi-cate rather wide-spread gains for the month in thefabric industries. Pay rolls in the wearing-apparelindustries declined in reflection of the seasonal reactionin production.

Sales of cloth improved in December, resulting insome increase in accumulated orders at the year end.Cotton gray goods sales were substantially higher thanproduction, and unfilled orders increased to thehighest level since last March. Silk piece-goodsbusiness also improved and, with production varyingonly slightly from the November rate, there wassome reduction in stocks. Sales in the woolen indus-try indicated a continuation of the recent improvedtrend of demand for such fabrics.

Increases in machine activity in the woolen industrywere particularly sharp during December. Woolenand worsted spindles were operated at a higher ratethan in any previous month of 1934, and also at ahigher rate than in the same month of other recent

years, not excepting December 1929. Weaving ac-tivity also expanded to a marked degree, althoughthere was very little change in operations of narrowlooms.

Viewing the year in retrospect, activity in each ofthe major lines declined from the 1933 levels with theexception of the rayon industry. The cotton indus-try, however, operated at a much higher rate than dideither the wool or the silk industries. A strong up-turn appeared in the wool industry in October.

Consumption of raw cotton in 1934 while 13 per-cent below that for 1933, was slightly above theaverage for the 1930-32 period. Similar data for thewool and silk industries indicate a close approach tothe 1932 depression low for wool consumption and anew low since 1924 for silk deliveries to mills.

In contrast to the declines in the cotton, silk, andwool industries during 1934, the production of rayonestablished another yearly record. Output was esti-mated at 210,331,000 pounds, an increase of 73percent as compared with 1929. Mill consumptionof rayon was estimated to be about 4 percent less thanin 1933, the difference of about 11,000,000 pounds(less 2,500,000 pounds exported) representing an addi-tion to stocks. This increase, however, resulted in abetter balance of stocks than existed at the end of 1933.

TEXTILE STATISTICS

Tear and month

1929: December.. _ _1930: December1931: December _ _1932: December _1933: December.1934:

January-FebruaryMarchApril _MayJune ... - -JulyAugust -SeptemberOctober -NovemberDecember.

Monthly average:1929 -_19301931193219331934

Pro

du

ctio

n i

nd

ex,

ad-

just

ed

i

Month-ly av-erage,

1923-25=100

9990889178

879194908877788164908797

1159194839785

Cotton,rawi

ailsRun-ningbales

452, 685405, 518415, 401440, 439347, 524

508, 021477, 046544, 870512, 594519, 299363, 262359, 951420, 949295, 960520, 310477, 060413, 535

587, 491448, 149453, 655418, 084517, 550451,071

Cotton and manufactures

£s1*I5

IMil-

lions ofspindlehours

6,7685,9245,9576,3865,080

6,9736,6927,7067,2597,2685,2415,1525,7533,7167,1856,7036,027

8,3256,3906,4845,8557,2156,306

Cotton clothfinishing *

iwSfl

V»<*«_rt2C2-.8S"

Thousands ofyards

86, 517

99,901104, 920131, 426122, 951114, 80383,41475,83384, 49990,772

126, 384114, 139107, 006

104,671

137, 661

106, 280104, 94999, 614

106, 388107, 128118,034109, 756101, 057101,083108, 830111, 758107,585

106 872

t -9o

jft

jlMonth-ly av-erage,1926=

100

96.275.656.451.785.6

86.588.689.188.286.386.085.186.487.886.684.484.3

98.884.766.154.071.286.6

Wool

fl

|3on

1Thou-sands

ofpounds

37, 80230, 00731, 62536, 53233, 570

35, 96834,34836, 11929, 88928, 21326, 21327, 25428, 49523, 46734, 06544, 85857,065

48, 79735, 84242, 81232, 12743, 30233,830

Wool manufactures

Spinningspindles

I I

Looms

£

1 £

Percent of active hoursto total reported

61! 45; 39j 55

54

707675706871717245636677

785657507269

57524857 !46

524844394029312621354870

675462606440

5326253327

343938404130262418342928

614138274132

5446445857

676966555664535128454868

256506755

Wh

ole

sa

le

pri

ce

,w

oole

n

and

w

ors

ted

good

s

Month-ly av-erage,1926=

100

85.273.963.954.284.3

84.384.384.082.081.080.880.778.978.074.974.174.0

88.379.068.257.769.379.8

Silk

i

1

IBales of

! 1331 pounds

44, 15955,42448,43240,54826,959

40,94239,02144,08037, 39238,74033,06932,02136,24732,59949,10637,54840,941

51,646; 48,519i 49,574

46, 15239, 119

I 38,476

Operations, machin-ery activity

•o

:i£5 ili1M*fig"59II««

Percent of active hoursto total

46.2

52.864.362.354.937.945.842.741.725.048.1

29.1

32.037.036.635.830.024.524.2

39.2

56.062,559.748.631.540.041.640.328.043.244.446.5

45.2

$$g

!!!ra"3 £3|g£Dollars

perpound

4.5802.7091.9701.5501.416

1.4531.6501.4051.3181.284.199

1.139.133.125

1.185.292

1.358

4.9333.4152.4011.5611.6101.287

1 Adjusted for seasonal variations. 1 Printed only. » Grease equivalent. See note on p. 64. < Twisting spindles.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

16 SURVEY OF CUERENT BUSINESS February 1935

Wholesale Commodity Prices 1929-34By H. Gordon Hayes, Chief, Division of Economic Research

PRICES tie together—or keep apart—the multi-tudinous elements in our complex economic life, if

one includes in the category of prices not only theprices of commodities but also security prices, wageand interest rates, rents, royalties, commissions, andother similar payments. Within the complex relation-ships of our economic society, certain forces tend toproduce price relationships that will promote ormaintain prosperity while others tend to induce orprolong depressions. Which of these groups is in theascendency at any particular period of time dependson the peculiar circumstances that prevail, and theensuing results are of grave importance in terms ofeconomic welfare.

The price relationships that prevailed in the latterpart of the decade of the 1920's were such that pros-perity could not continue and various aspects of "bad"business became increasingly apparent in the latterpart of 1929. Instead of the imbalance that prevailedbeing corrected, maladjustments became more andmore pronounced during the following 3 years. Thesemaladjustments prevailed throughout the entire pricestructure and a full description and analysis thereofwould be very timely. Limitations of space, however,confine this article to a summary statement of theprice movements of commodities at wholesale as re-ported each month by the Bureau of Labor Statisticsof the United States Department of Labor. These

series of 784 items are combined into an index and,also, are classified, or grouped, into various divisionsfor which indexes are computed.

These indexes are subject to the limitations that arenecessarily involved in making a selection of items tobe included, and of the weights to be assigned to eachone. Further, the price data may not in some casesbe strictly accurate because of discounts allowed onreported prices, and changes in the quality of thearticles included. The data may, however, be acceptedas indicating the trends of wholesale prices. Theseindexes are computed on the basis of the correspondingprices in 1926 being equal to 100, but since the presentpurpose is to review price movements during the 5years, 1930-34, the indexes have been shifted to a1929 base.

The Decline from 1929 to the Spring of 1933

The outstanding fact in the price history of the3% years following the summer of 1929 is the almostunbroken decline month after month. There wereonly 5 months in the 44-month period, July 1929 toFebruary 1933, inclusive, in which the compositewholesale price index did not decline, and only 3 ofthese, July-September 1932, were consecutive months.The index at the close of this period was 38 percentbelow its position at the beginning. Certain com-modity prices, however, and many noncommodity

WHOLESALE PRICES OF FARM PRODUCTS, FOODS, AND OTHER COMMODITIES1930-(934*

INDEX 1929-100

120

COMMOD/T/ES OTHER THAN FARM PRODUCTS-AND FOODS

1933 i 1934BUREAU OF LABOR STATISTICS

Chart 1

D.D.8294-B



prices, fell but little and in some cases actually ad-vanced, which undoubtedly contributed to the generaldecline by intensifying the degree of imbalance in theprice structure.

Chart 1 gives a graphic presentation of the move-ment of the index of the 784 price series and of the 3indexes of farm products, foods, and other commodi-ties. The declines of these 3 group indexes wereapproximately 60 percent, 46 percent, and 28 percent,respectively, from the 1929 average to February 1933.These same data combined into 3 classes, raw materials,semimanufactures, and finished products, chart 2,show declines for the period under review of ap-proximately, 50 percent, 40 percent, and 30 percent,respectively.

Another classification of the Bureau of Labor Sta-tistics series is given in chart 3, showing the 10 com-modity groups arranged according to the degree ofdecline in the different groups. As shown therein, theprices of three groups, metals and metal products, housefurnishings, and chemicals and drugs, declined slightlyless than 25 percent from 1929 to the lows which werereached in the early part of 1933, and the prices ofbuilding materials only a little more than 25 percent,while the prices of farm products as already noted fellabout 60 percent, and food prices more than 45 per-cent. This chart also indicates that while the depres-sion low was reached in February by the combinedcommodities and by 5 of the groups, the low for theother 5 groups was reached somewhat later.

The disparities that have been noted in the classesand groups of commodities were also pronouncedwithin the groups as is shown in the accompanying

table, which was compiled by the Bureau of LaborStatistics. The prices of 27 of the 784 items increasedduring the period indicated, 42 were unchanged (werethe same at the close as at the beginning of the period),and 48 were down less than 10 percent, while 78 itemswere from 60 to 90 percent below their June 1929 levelsin February 1933.

The distribution by groups of the 42 items with nochange in price over this period shows 14 to be in thechemicals and drugs group, 13 in the metals and metalproducts group, 7 in the building materials group, and4 in the house-furnishings group. Among these 42items whose prices were the same at the close as at thebeginning of this period, several were unchanged inprice during every one of the 44 months included, whilefor some items, prices had not changed since 1921.This was true of augers and of bone black. Otheritems in the group with unvarying prices during thetime of the general decline are chisels, carvers, bariron, corn pickers, wrapping paper, plaster board,snuff, carbon dioxide, calcium carbide, and corn flakes.

Thirteen of the 27 items whose prices advancedfrom June 1929 to February 1933 were in the chemicalgroup and 4 were in the metals and metal productsgroup. Two farm products were in this class, hopsand New York white potatoes, and one food item,bread, in San Francisco.

The behavior of the chemical prices is especiallynoteworthy. Of the 89 items included in the index ofchemical and drug products, the prices of 27, or almostone-third of the total, either advanced or remainedunchanged, and the prices of 21 fell only from 10 to20 percent during this period. Prices of metals and

1ND120

100

80

60

40<

0 1

WHOLESALE PRICES OF RAW MATERIALS, SEMI-MANUFACTURES. ANDFINISHED PRODUCTS. 1930-1934*

EX 1929=100

"•*«£'"*"""•%.

>v

>

_t I 1 _l t 1 1 i t I t

1930

f/N/SH£DPRODUCTS

•-^ :* "̂

-̂***^^**^^

A AWMATERIALS

i i i t i I i i i i t

1931# BURE^

SEMI-MANUFACTUREDPRODUCTS-f

;;;•-•/-'

, , . , , i i t , , ,

1932U OF LABOR STATISTICS

— ̂ '

^

1933

.̂.— -M* — •—*•*"*•*•—

^/^

<

I , , . . . ! , , , , .

1934D.D.8294-C

>

Chart 2109756—35 3



metal products were also relatively rigid during thegeneral price decline. Thirteen of the 130 items wereunchanged in price, 4 advanced, and 59 declined lessthan 20 percent.

Number of Articles, by Groups of Commodities, Changing Each SpecifiedPercent from June 1929 to February 1933 1

Percentage changeFarmprod-ucts

i

Decrease:Under 10 percent - 110 percent and under 20 percent -20 percent and under 30 percent - _30 percent and under 40 percent -40 percent and under 50 percent - -

3

850 percent and under 60 percent _ _ 3160 percent and under 70 percent. _ 1370 percent and under 80 percent _ _80 percent and under 90 percent . 2

No changeIncrease

Total .

2

67

Percentage change

Foods

686

163039122111

122

Hidesand

leatherprod-ucts

46

9643

Tex-tile

prod-ucts

Fueland

light-

,T

7 28 2

21 631 1319

2 4

41

Build-ing ma-terials

Decrease: |Under 10 percent - _ _10 Dercent and under 20 percent...

421

20 percent and under 30 percent- _ i30 percent and under 40 percent..40 percent and under 50 percent-. _50 percent and under 60 percent—.60 percent and under 70 percent70 percent and under 80 percent- _80 percent and under 90 percent--

No change

>()16

5

Increase _. -. ...Total -

1

2

86

Chemi-cals and

drugs

215

201024

141389

1

112

Metalsand

metalprod-ucts

2138249

1 1 91 34 1

9

94"

House-furnish-

ing goods

711201342

4

61

Miscel-laneous

91310543

3

134

130

Total

481231081201101285120

3 1 42

52

27784

1 Bureau of Labor Statistics, Report No. 132.

Combining the items that increased in price duringthis period with those whose prices were unchanged,it is found that of the 69 items in this category 27 werechemicals or drugs, 17 metals or metal products, and 9building materials. The items in these 3 groups thusrepresent almost 80 percent of the items whose pricebehavior was in sharp contrast with the general trendduring the 44-month period under review.

The Volume of Production

A fundamental reason for the relatively greaterdecline in agricultural prices than in the prices offinished goods is that the volume of production in theone field was curtailed but little, while it was greatlyreduced in the other. The Bureau of AgriculturalEconomics estimates that the physical quantity ofagricultural output of the country in 1929 was 9 percentabove the average output for the years 1919-27, 12percent above that average in 1931, and 4 percentabove that level in 1932. In sharp contrast to thistrend of agricultural production, the physical volumeof manufacturing output, according to the FederalReserve Board's index, fell from 119 percent of the1923-25 average in 1929 to 63 percent of that averagein 1932.

Whereas, in agriculture the physical output in 1932was approximately the same as in 1929, in manufac-turing the physical output in 1932 was only a little

more than half of the output 3 years earlier. Ifattention is directed to certain lines of manufacturethe contrast with agriculture becomes far more pro-nounced. The output of automobiles, iron and steel,cement, and lumber in 1932 was 74 percent, 76 percent,55 percent, and 73 percent, respectively, below thatin 1929. The self-employed farmer and his familymaintained the agricultural output of the country nearthe peak levels during the 3 years, 1930-32, whilethe manufacturer dismissed large numbers of his em-ployees and greatly reduced his output.

The Price Recovery

The rise which began in the general list of prices inMarch 1933 has been almost continuous during the 22months ended December 1934, there having been only4 months in which the combined index did not advance.The gain during this time represented a rise of 29 per-cent from the February 1933 low. During the first Smonths of this period the rise was especially pro-nounced, the index advancing approximately 20 per-cent, or two-thirds of the gain for the entire period.

Prices of farm products rose more sharply than didthe prices of other products, the increase amounting to76 percent. The prices of foods rose 40 percent duringthe period under review and the prices of commoditiesother than farm products and foods 20 percent. Theprices of metals and metal products and of chemicalsand drugs, 2 of the 3 groups that showed the leastdecline, rose about 10 percent. The three economicclasses, raw materials, semimanufactures, and finishedgoods registered price gains of approximately 50 per-cent, 25 percent, and 20 percent, respectively, duringthese 22 months.

An interesting situation is observed if the recoveryin prices is measured in terms of the percentage of thedecline that had been regained by December 1934, asis indicated on chart 3. Commodities, other than farmproducts and foods, and the two groups, farm productsand textile products, had recovered approximately 50percent of their price declines by that month. Thiswas also true of the two classes, raw materials andfinished products. Building materials and the fueland lighting group were at the bottom of the list inthis classification, having recovered only about 40percent of their decline and chemicals and drugprices were at the top of the list having recovered 70percent of the decline which they experienced from1929 to the depression low.

The price movement in the three classes, raw ma-terials, semimanufactures, and finished goods, duringthe recovery period shows an interesting divergenceas respects semimanufactures, as is indicated in chart2. The percentage increases of raw material andsemimanufactures were practically identical from theFebruary 1933 low to September 1933. Since thenthe prices of semimanufactures have declined almost



continuously while the other two series in this classifi-cation have advanced. The 1934 rise in prices ofraw materials is largely attributable to the increase inthe prices of farm products.

Factors Influencing the Price Rise

In analyzing the factors that contributed to theprice rise from February 1933 through December 1934attention should be called to the two periods, Marchto October 1933, and the subsequent 14 months.During the earlier of these two periods, the priceadvance was not limited to any of the groups, butduring the later period combined index for commodi-ties of other than farm products and foods remainedpractically unchanged.

The sharp and general rise in the 8 months, March-October 1933 is one aspect of, and may be partly at-tributed to, the marked improvement in businesswhich took place during that period and the accom-panying and resulting purchase of goods. The un-adjusted index of industrial production, as compiledby the Federal Reserve Board, rose from 60 in Marchto 78 in October, a gain of 30 percent, having reached95 in July, and pay-roll disbursements in factories,without adjustment for the usual seasonal variations,as reported by the Bureau of Labor Statistics, increasedduring this period from 37.1 to 59.4 of the 1923-25average, a rise of 60 percent. The National IndustrialRecovery Administration influenced the business im-provement during this period, and especially encour-aged the sharp rise which culminated in July, as busi-ness men speeded up production in anticipation of anincrease in wages. Many of the codes also contributedto price increases or, at least, to the maintenance ofestablished prices.

The emphasis of the administration on an increasein prices and the ensuing belief that monetary infla-tion would be undertaken stimulated speculativebuying and hastened the price rise. The suspension ofgold payments in March 1933 and the decline in theforeign exchange value of the dollar in April and thefollowing months contributed directly to a rise in theprices of imports and of raw material exports and maybe expected to have had some effect on the prices ofclosely related products. The policy of Governmentexpenditure for relief and recovery, and the resultingincrease in buying power, tended further to augmentthe price increase.

The rise in the general index since October 1933,wilich is accounted for by the rise in the prices of farmproducts and foods, if all the other groups are com-bined, is largely attributable to the policy of cropcurtailment, including the imposition of processingtaxes and marketing agreements and to the severedrought of the summer of 1934. Another factor hasbeen the liberal crop-lending policy of the Govern-ment. The relief policy and expenditure for public

works has also been a factor in raising these prices andin sustaining the prices in the combined groups ofother than farm products and foods.

Present Price Disparities

It is apparent, from a glance at the charts, that themarked disparities in the price structure in the earlypart of 1933 have been substantially lessened. Con-siderable disparities still exist, however. As comparedwith 1929, building material prices were in Decemberonly approximately 10 percent below the 1929 levels,while farm products prices were more than 30 percentbelow that level. As related to the 1926 base, as shownon page 5 of this issue of the SURVEY, the prices of thesegroups were much more uniform in December 1934than if compared with the 1929 prices. On that base,the prices of farm products were above the prices of tex-tiles and miscellaneous products and were only slightlybelow the prices of fuel and lighting items. The group

DECLINE OF WHOLESALE PRICES BELOW THE 1929 AVERAGESOF THE TEN GROUPS OF COMMODITIESJHE MONTH OF 1933 THAT

MARKS THE DEPRESSION LOW, AND THE POSITION, DEC 1934*

0

10

-20

-30

-40

-50

-60

-70

-Z.CL , ^ a o -g < < ;=5 -

SK <->u _j iz 31! 2Q ^5Q< i25 y^ •=,< ^9 5gc

* BUREAU OF LABOR STATISTICS

Chart 3

with the highest prices as compared with 1926 wasmetals and metal products at 85.9 percent of that baseand textile prices were the lowest at 70 percent.

The price relationships as they prevailed in 1926,1929, or at any other date, are not necessarily therelationships that should be restored. This is especiallyapparent in respect to the 1929 prices, since pricerelationships at that time, using the term broadly,were such that prosperity could not be maintained,and since then changes in technique have undoubtedlybeen so altered that price relationships which wouldhave permitted full utilization of our economic resourcesat that date would not now secure that result. Thedesirable balance within the price structure can bedetermined only by trial and error. It seems ap-parent, however, that the prices of certain of thecommodity groups are still such as to prevent thedegree of coordination that is so essential among thevarious elements in the economic society.Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

20 SURVEY OF CURRENT BUSINESS

DEPARTMENT STORE SALES1

February 1935

Year and month

1919 annual index _ _ _1920 annual index . _1921 annual index1922 annual index1923 annual index1924 annual index1925 annual index1926 annual index1927 annual index _ _ _ _ _1928 annual index1929 annual index

1930January ._FebruaryMarchAprilMayJune. _ _ _ _ !July

September.,October _ »November _December

Annual index

1931JanuaryFebruary _MarchAprilMayJuneJuly _ _AugustSeptember _OctoberNovemberDecember _

Annual index

1932January.. _ _ _ _ _ _ _FebruaryMarchAprilMayJune _JulyAugustSeptemberOctoberNovemberDecember.. _.

Annual index

1933JanuaryFebruaryMarch _AprilMayJuneJuly ___ .August...SeptemberOctoberNovember _December..

Annual index

1934JanuaryFebruary _ _MarchAprilMay. __ _JuneJulyAugust ._SeptemberOctoberNovember. __ _December __

Annual index

Atlanta

Unad-justed

Ad-justed

Chicago 2

Unad-!justed \

Cleveland 2 Dallas 2

Ad- ! Unad- Ad- Unad- Ad-justed justed justed justed justed

i

1923-25 = 100

941139691

10198

102106107 i107 1104 i

7589 !92 1

10396 :85 i667693

109103151

95

7377899695836571779690

132

87

616469

69! 60

4753717970

| 102

70

| 495250656858

i 5066748378

128

68

5968848383745870909191

146

83

951011009895

101949799929189

928793949493939182817978

787271726866686975676160

61605462676472

! 85i 79i 70

6975

I

9998

103108110115117

888495

117109956981

105110103

! 165

102

: 8076

1 8810190876367848880

131

86

575967716663424866686495

64

4643516166644662737266

108

fi3

74 5678 5786 7484 7182 77

! 82 72! 83 50

90 6596 7976 7880 7786 124

73

1101071041101079796

1011021009398

99969399

i 8889

i 8784

! 811 80

7278

i

779887 _87

98. . 118

98Q1

101 _ _ J 96 i .99 100

101 . _ 104i 102 ' 1091 103 107

103 _ 109105 i HO

• 7782

i 87i 109 !

10391697793

10095

149

94

! 7274 !

1 8497

: 91! 83

63i 65 !! 761 80i 79

123

J 82j

! 71 i 5574 i 5868 | 6173 ! 69

1 65 6764 '• 5859 ' 4260 4364 i 5762 6258 ! 5957 i 91

! 60

57 ; 4355 ! 4556 1 4157 ! 6765 1 6365 i 5964 4877 i 6171 I 6866 6860 67

| 64 108

? 62

69 52! 72 561 75 71

72 7375 7973 7069 5082 5976 7171 7170 74

i 74 122

70i

96 ' 7999 i 9198 ! 97

101 1 104 !99 ! 104 i95 i 9192 6893 77 I93 ! 110 !94 i 11288 ! 11589 j 157

i 100

91 ; 7589 8391 ! 9092 ; 9587 9685 ' 8083 5879 6676 8075 8974 9174 ! 128

86

70 ! 5570 i 6266 1 6666 i 6664 6660 5656 : 4251 4656 7458 : 7856 7055 101

65

55 4555 4948 ! 5260 6659 6461 '• 5564 i 4873 1 5966 ' 6964 i 8264 i 7766 I 128

j' 66

68 ! 5768 I 6677 i 8068 i 7674 ! 7772 ! 6866 j 5370 5968 1 9167 ! 8570 i 9274 i 146

! 79i 'i

941081041041009998

107104989996

909891

1009287839175777979

667466706361606470686062

545854676160688165716678

687880817473768286747989

Minneapolis

Unad- Ad-justed justed

New York

Unad- Ad- 1justed justed j

i

1929=100 1925-27=100 j

911061019999

10010510210299

100

877487

102100917280

10511490

139

95

856893

10089

677587

10082

122

88

705877816868455676836692

70

5444617267664765737964

102

66

6152787075694764818576

117

73

708480 j

1 82 i_ -_! 88 1

91 ':97 1

101103 !

104 i .108 i i

1

9999 !93949994959296969194

9610096958989898780848382

7978

! 77I 79i 671 70: 60

65i 70! 70! 66

62

6159

i 65676768617567666569

|

69

1 8687471617475727778

91 11191 108 i91 108

108 108104 110101 10580 10383 108

105 104118 103 ;120 101 !172 100

105

82 ; 10085 102 !91 10299 ' 10494 9898 102 i72 94 !73 9595 94

105 92 1110 93157 91

97 _. . ..

•70 8669 8271 7876 8272 7772 7557 7556 7277 i 75

i 84 ; 74! 85 72i 121 70

76

53 6656 6756 6671 7168 7369 7253 7160 7875 7484 74

1 84 71129 74

72

58 7260 7172 8172 7773 7770 ; 7353 7160 7877 7588 7789 ! 76

137 | 78

7fi i _

! i

Philadelphia San Francisco

[Jnad-i Ad- ! Unad-usted justed j justed

Ad-justed

1923-25=100

10199

100103999495

747579928883606678

102105146

87

6568798280795556678284

125

77

545561666358414152706697

60

4142446257564247616968

105

58

4445646065644348597270

115

63

i

90 19189 j92 !90 !87828687898683

80 !83 !868482 ;8364 i73 ;

7572 i70 i71 j

6567 :

64 '69 :

6461555358615455

505150615959566268615660

545569626767596366635865

i678177829699

105111113117119

9998

1071111119989

104110111114176

111

9188

100100101908294969697

145

98

7373777270665969757768

116

75

5455547071656671747070

131

71

6062757071656C748C8183

144

77

116116117114114113109110108107109104

108104107105104102100

i 99939393

I 85

878781767275737273756668

646659717374817372686976

727479

I 73I 73

74737678788183

1 Data computed by the Federal Reserve banks located in the districts listed above. In the Minneapolis district, the index covers the sales of reporting stores in thecities of St. Paul, Minneapolis, and Duluth-Superior only. The unadjusted indexes with the exception of the Minneapolis district are based on daily average sales, whilethe adjusted indexes have been corrected for seasonal variation. These indexes displace the data shown for these same districts in previous issues of the SURVEY. Theindexes formerly carried were computed from percentage changes in sales as reported by the Federal Reserve Board for the period since December 1930 when the F. R. B.discontinued the computation of indexes by districts. These indexes, based on percentage changes, are being continued for the Boston, Richmond, St. Louis, and KansasCity reserve districts, since the banks in these areas have not computed data similar to the above indexes.

2 Annual figures are averages o monthly figures.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


WEEKLY BUSINESS INDICATORS[Weekly average, 1923-25=100]

ITEM

Business activity:New York Times**Business Week*^_

Commodity prices, whole-sale:

Dept. of Labor, 1926=100:Combined index (784)

Farm products (67) . . .Food (122)All others (595)

Fisher's index 1926 — 100'Combined index (120)

Agricultural (30)Nonagricultural (90) _ _

Copper, electrolytic]:Cotton, middling, spot

Construction contracts!Distribution: Car loadings-.Employment: Detroit, fac-

toryFinance:

Failures, commercialSecurity prices:

Bond pricesjStock pricesf

1935Jan.

26

65.1

79.079.080.977.9

81.60)(063.846.7

58.0

63.6

108.088.2

Jan.19

86.864.0

78.576.779.877.9

81.10)C1)63.846.321.258.7

67.3

107.587.5

Jan.12

86.161.6

78.677.279.778.1

80.70)(063.846.728.857.7

101.4

69.3

107.989.6

1934Jan.

27

77.265.7

72.459.565.078.5

78.549.079.658.741.934.258.7

83.2

77.4

99.295.6

Jan.20

77.066.3

72.359.064.678.6

72.148.479.955.843.046.358.6

81.8

98.393.7

Jan.13

76.364.9

71.758.664.277.9

72.048.379.256.540.852.958.1

75.1

77.1

95.787.5

1933Jan.

28

66.754.5

60.441.354.167.0

55.538.560.034.823.217.649.6

28.8

172.5

89.760.0

Jan.21

67.255.1

61.243.056.067.6

56.439.660.634.823.218.252.1

169.8

88.759.5

1933Jan.30

72.361.5

66.751.163.161.3

64.547.567.552.225.021.558.4

69.0

199.5

89.174.4

Jan.23

73.463.0 |

67.6 i54.665.762.9

65.2 148.1 !68.4 i52.2 I24.6

~58.~6

210.1

90.277.3 i

ITEM

Finan ce— C on tinued.Banking:

Debits, outside N.Y.C.JFederal Reserve report-

ing member banks: §Deposits:

Net demandTime

Loans, totalInterest rates:

Call loans JTime loansj

Money in circulation}Production:

AutomobilesBituminous coaljElectric power tLumber ._Petroleum JSteel ingots^

Receipts, primary markets:Cattle and calves

1935Jan.

26

71.7

140.2123.768.2

24.220.1

110.5

91.080.7

107.030. 9

122 069.7

HogsCottonWheat

47.312.9

Jan. 1 Jan.19 ! 12

78.9| 75.9

139.6137.7122.8122.868.3 68.0

24.2! 24.220.1 20.1

111.0111.9

88.1 77.675.9! 75.0

106.7106.432.8! 33.5

121.5121.965.8 60.5

86. 8l 81.452. 7 i 52.769.6! 38.515. 9j 14.6

1934Jan.

27

61.3

109.1121.074.8

24.225.8

115.4

58.770.096.734.0

106.744.7

72.9107.162.330.3

Jan.20

66.0

108.7120.475.1

24.226.7

116.5

44.970.897.533.2

110.244.7

76.7107.570.025.9

Jan.13

61.8

107.3120.175.0

24.226.7

117.4

39.672.298.831.6

110.943.4

76.2110.960.819.2

1933 1933Jan.

28

53.9

98.8124.780.3

24.211.4

115.7

50.956.188.224.296.425.0

61.182.1

102.735.6

Jan.21

63.1

98.6125.880.9

24.211.4

115.7

44.162.889.124.396.723.7

61.277.1

111.941.7

Jan.30

66.4

94.8127.3102.9

60.685.7

115.7

37.962.895.426.3

104. 235.5

60.0118.3129. 261.6

Jan23

77.5

95.0128.3103.5

60.685.7

116.0

38.562.595.926.4

103.836.8

64.3103.4122.754.2

" Computed normal = 100. 1 Latest week is preliminary, t Weekly average, 1928-30=100. J Daily average, i Temporarily discontinued.* Index revised. See weekly supplement of June 1,1933, for explanation. § 1933, 1934, and 1935 indexes are based on reports from. 91 cities; earlier data cover 101 cities.

WEEKLY BUSINESS STATISTICS

ITEM

COMMODITY PRICES, WHOLESALECopper, electrolytic, New York.. ... _ dol. per lb..Cotton, Middling, spot, New York dol. per lb_.Food index (Bradstreet's) dol. per lb..Iron and steel composite! dol. oer ton--Wheat, No. 2 Hard Winter (K. C.) dol/per bu~

FINANCEBanking:

Debits, New York City „ mills, of dol-Debits, outside New York City ..mills, of dol-Federal Reserve banks:

Reserve bank credit, total mills, of dolBills bought mills, of dol—Bills discounted mills, of dol—U. S. Government securities mills, of dol—

Federal Reserve reporting member banks: §Deposits, net demand.'. mills, of dol—Deposits, time mills, of doL.Investments, total _ mills, of dol -

U. S. Government securities mills of dolLoans, total mills, of dol

On securities . . . .mills, of dol_.All other. mills of dol

Interest rates, call loans . _ . . _ - percent—Interest rates, time loans percent- .

Exchange rates:French franc (daily av.) „ cents- _Pound sterling (daily av.) dollars-.

Failures, commercial number. -Money in circulation . mills, of doL-Sectirity markets:

Bond sales (N. Y. S. £".)-_. thous. of dol. par value- -Bond prices, 40 corporate issues ...dollars-.Stock sales (N. Y. S. E.) thous. of shares-.Stock prices (Ar. Y. Times) dol. per share _Stock prices (421) (Standard Statistics) 1926=100-.

Industrial (351) 1926=100..Public utilities (37) 1926 = 100Railroad (33) 1926 = 100--PRODUCTION, CONSTRUCTION, AND

DISTRIBUTIONProduction:

Automobiles (Cram's estimate) number--Bituminous coal (daily av.) thous. of short tons..Electric power mills, of kw-hr .Petroleum thous. of bbl._Steel ingots (Dow-Jones estimate) ..pet. of capacity-.

Construction-contract awards (da. av.)— thous. of dol—Distribution:

Freight-car loadings, total cars..Coal and coke carsForest products . _ . _ _ _ _ _ carsGrain and products _ _ cars..Livestock carsMerchandise, 1. c. 1 - carsOre . . . carsMiscellaneous cars

Receipts:Cattle and calves.. thousandsHogs thousandsCotton into sight thous. of bales__Wheat, at primary markets... ... ..thous. of bu._Wool, at Boston, dom. and foreign thous. of lb_.

1935Jan. 26

0.088.1272.67

32.601.00

3,1623,321

2, 46369

2,430

13, 9164, 429

10, 6867, 2357, 5913,0454, 546

1.00.88

6. 5534.88

2595,364

71, 39096.703,18085. 66

69.481.257.233.8

69, 4091, 3751,7822,542

53

555, 768162, 635

17, 92222, 60313, 809

146, 7882, 563

189, 498

1231. 030

138

Jan. 19

0.088.1262.61

32.621.00

3,8973,657

2,4686

172,430

13, 8624, 397

10, 6577, 2347,6073, 0704, 537

1.00.88

6,5854.88274

5,391

64, 13096.284, 40585.00

68.780.157.134.1

67, 2171,2931,7782, 531

503, 399

552, 955145, 67520, 72225, 18214, 941

152, 3732,820

201, 242

267340181

1,264766

Jan. 12

0.088.1272. 65

32. 571.03

3.2273,522

2, 4676

2, 430

13, 6654,397

10, 5807,1927, 5783,0254, 5531.00.88

6. 6104.91282

5, 435

100, 36096.586.21187.0071.183.058.036.4

59, 2251,2781,7732,539

464,623

553, 675138, 80519, 92026, 27615, 247

150, 4682,901

199, 958

251340120

1,158335

"Jan. 27 ' '

0.081.1142.00

31.20.85

2,9062,842

2, 63110497

2,432

11, 1384, 372S, 1855, 2458,2113,4984.713

1.001.13

6.2414. 98315

5, 603

82, 70088. 87

14, 38092. 8279.387.777.248.8

44, 7961,1922,6112,223

345,488

563, 100133, 46620, 68731, 70618, 521

161,8873,192

193, 861

224691162

2,411849

1934Jan. 20

0.077.1171.99

31.17.86

3,0393,061

2,646112101

2,432

11, 0944,3528,2295, 2238, 2183, 4864,7321.001.17

6. 2715.04333

5,656

110, 70088.00

17, 66191.0476.184.074.946.5

34, 2931,2051,6252, 295

347,426

561, 902137, 363

19, 68032, 18818, 046

160, 5263,202

190, 897

233693182

2,063628

Jan. 13

0.078.1111.96

31.13.82

2,8992,869

2,655113104

2, 432

10, 9514, 3438, 1795,2108, 2093,4974,7121.001.17

6. 1145.09314

5,701

101, 60085. 737,04584.99

72.280.370.242.0

30, 2391,2301,6462,311

338,493

557, 266145, 59718, 17529, 55417, 771

158, 5473,218

184, 404

235614158

1,5302,081

1933Jan. 28

0.048.0631.51

28.08.43

2,6182,504

2,06731

2651,763

11,2364, 6147.9834, 9918, 6483, 6624, 986

1.00.50

3. 9043.39

7025,620

55, 00080. 303, 99058. 2648.845.980.728.1

38, 830955

1,4702,009

192,821

475, 292101,81414, 43925, 32417, 501

160, 7571, 526

154, 031

188530267

2,832589

Jan. 21

0.048.0631.56

28.08.43

2,9652,926

2, 06832

2491,778

11,2134, 6577,9464, 9988,7143, 6995,0151.00.50

3.9033.35691

5,616

67, 50079. 443, 91857. 8047.845.080.026.7

33, 6161,0691,4842,015

182,921

499, 554118, 03614, 83927, 67417, 678

160, 2422,298

158, 787

188497291

3,3191,110

1933Jan. 30

0.072.0681.82

29.62.51

2,4613,076

1,798162838752

10, 6454,6646,5183, 563

11,2164, 9926, 2242.503.75

3. 9263.46812

5,617

56, 23579.798.98072.2256.552.791.437.6

28, 9501,0691,5892,171

273,457

560, 343113,36618, 96432, 98121, 225

187, 9742,816

183, 017

185763336

4,9022,346

Jan. 23

0.072.0671.84

29.70.54

4,0783,592

1,807188819751

10, 6584, 7066, 4953, 599

11, 2915,0226,2692.503.75

3.9283.45855

5,632

63, 91380.737, 32375.0369.655.896.338.6

29, 3651,0641,5982,162

28

562, 101112,94519, 55132, 55821, 048

188, 5203,469

184, 010

198667319

4,3081,490

1931Jan. 24

0.098.1062.42

31.72.69

5,0344,560

1,020152230625

1.502.00

3.9184.85712

4,621

56, 58596.619,707

151. 59113.0103.4165.8102.4

45, 8431,4731,7132,111

46

715, 474165, 04334, 17939, 54324, 835

208, 2595,105

238, 510

230772120

6,810931

§ Statistics cover 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.

t Revised series (scrap now included). For revised data beginning January 1929 see p. 19 of the Jan. 1935 issue.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


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

Decem-ber

1933

DS- ; January I

1934

March April May j June ! July August Sej^m'j October Novem-ber

BUSINESS INDEXES

BUSINESS ACTIVITY ( Annalist)!Combined index ^ . _ normal = 100..

Automobile production f normal = 100. .Boot and shoe production normal = 100Carloadings, freight . normal = 100. JCement production normal" 100 iCotton consumption normal = 100 _Electric power production normal = 100-_Lumber production normal = 100. .Pig-iron production _ . .normal = 100. .Silk consumption .normal = 100- -Steel ingot production K _ . normal = 10Q._Wool consumption . normal = 100- _Zinc production normal = 100

INDUSTRIAL PRODUCTION (F. R. B.)Total, unadjusted 1923-25 = 100--

Manufactures, unadjusted 1923-25 = 100. .Automobiles* . . 1923-25=100 .Cement 1923-25-100Food products 1923-25 = 100Glass, plate 1923-25 = 100. .Iron and steel* 1923-25 = 100Leather and shoes § 1923-25 = 100--Lumber . 1923-25=100..Paper and printing 1923-25 = 100- _Petroleum refining 1923-25 = 100..Rubber tires and tubes . 1923-25 = 100. .Shipbuilding .. . 1923-25=100Textiles .1923-25=100.-Tobacco manufactures .1923-25=100-.

Minerals, unadjusted 1923-25=100.-Anthracite 1923-25=100Bituminous coal.. . 1923-25=100Iron ore shipments 1923-25 — 100Lead _ _ 1923-25 = 100Petroleum, crude 1923-25 = 100-.Silver 1923-25=100..Zinc 1923-25 = 100—

Total, adjusted 1923-25=100..Manufactures, adjusted 1923-25 = 100-.

Automobiles* 1923-25-100Cement 1923-25 = 100Food products 1923-25= 100..Glass, plate _ 1923-25 = 100 .Iron and steel • 1923-25 = 100Leather and shoes § 1923-25= 100 ..Lumber 1923-25=100Paper and printing 1923-25 — 100Petroleum refining.. 1923-25 = 100. .Rubber tires and tubes 1923-25=100-.Shipbuilding . 1923 25-100--Textiles 1923-25 = 1 00Tobacco manufactures 1923-25 = 100. .

Minerals, adjusted 1923-25 = 100. .Anthracite 1923-25=100Bituminous coal 1923-25=100--Iron ore shipments 1923-25=100Lead ... 1923-25=100Petroleum, crude 1923-25—100Silver _ 1923-25-100Zinc . . 1923-25=100

MARKETINGSAgricultural products* (quantity) 1923-25 = 100-.

Animal products 1923-25 = 100. .Dairy products 1923-25=100Livestock 1923-25=100..Poultry and eggs 1923-25 = 100Wool 1 923-25 — 1 00

Crops 1923-25 = 100-.Cotton _ 1923-25 = 100..Fruits 1923-25 = 100..Grains 1923-25=100..Vegetables 1923-25=100..

75.966.9

63. 143 984.395. 440. 337.274. 657. 3

60 7

78p 76i> 58

ST1037956

r < 8 7

91

p 9 2115

p 85P 71p 74

60p 122

5476

p 86*85

P 10545

10213264

P 10299

P 131

i P 97143

p90p 72P69

60p 126

5374

73847881

1023662866633

i 64

69. 5 73. 1 i40.1 57.2 i93. 0 104. 2 !62. 2 65. 234. 8 46. 268.5 88.890.0 89.551.9 5 4 542. 1 42. 7 151.5 60.6 !53.7 48.1 '78. 9 73. 960. 5 62. 1

69 7767 7525 4628 3089 10280 8853 5381 9029 30

p 92 • P 96138 14275 9032 18

p 74 P 9199 131

«81 8567 89

°71 74

68 i 6511,5 11529 3768 7075 7873 7645 5636 i 4986 96

106 ! 9960 5694 j 9732 i 34

p 97 P 99138 142108 9741 26

p 78 P 87123 I 138

« 86 i 8868 • 8266 I 67

67 i 64119 1 12029 3767 66

81 7485 8898 9475 92

113 7842 2876 60

113 6267 7145 4265 i 93

76.771.1 i

115.9 l

67.455.889.2 i93.149.545.866.654.975.861.5

8382763790

10666

10928

p 10214410821

?97120889578

66116397181807161919863

10729

P9914410030

p91132918974

641183666

6072846881364738574378

,

78.9 80.077.9 i 78.5

118.7 130.269.0 64.751.4 54.489. 9 90. 893. 7 96. 160.6 53.350.9 j 54.569.6 : 71.659.3 69.877. 4 72. 662. 1 59. 1

86 8885 8996 10942 5382 87

115 10875 84

110 11439 35

p 102 ! P 104143 : 152117 115

46 ! 63p 96 : * 93113 i 11891 8189 7684 60

58 55121 12552 4672 6784 8582 8578 8558 5584 93

106 9866 76

106 11638 33

p 100 P 100143 152106 9759 65

p 94 P 90119 128100 90109 7384 72

57 56122 12547 4568 64

67 6680 84

100 9467 72

111 11924 2255 4750 4271 7037 29

104 i 90

80.2 !70.1

130.2 !63.952.692.095.351.963.171.877.766.859.6

89899868969091

10835

p 10215310250

p891308776626065

128436686867857988384

11733

p 1001538139

p881288976724066

1274465

7797

12383

120915642

10837

102

77.271.2

107.564.952.868.595.847.664.661.777.463.052.2

848393729579859732

154102

P73144876060

10657

132445583838258967785

10031

1548438

P771328769675456

1304557

7493

12777

10025354286057

120

73.270.9

108.261.949.677.696.744.840.658.240.869.051.4

73718264

10091449829

1568141

p 73139855259

10551

131345376747853

10292479929

1568328

p781288563655253

1284057

9210712410077

444783587

11975

71.162.4

107. 959.643.882.4

"94.155.534.857.134.362.852. 7

73716762

1008738

10638

15778

140p761358350609543

126395673726148

10686389636

1577995

*811268050614744

1243960

9311211812267

173745092

10154

66 552.791 859 146 858 5

"92.450.231.254.434.341.2

°53 8

705663

1228537

10133

15276

133p641398762688552

125345871695150

12084378732

15279

133p641258262644455

1223661

10510210011663

105107160816982

a 70 5 3 7 1 251. 6 « 43. 5

o 88 4 97 957 6 58 940 8 42 392 2 ° 86 0

0 92. 4 93. 546. 7 « 42. 531.8 33.375.5 60.836. 1 42. 8

0 76 0 100 766 2 68 0

75 7473 7238 °453 47

110 10887 7940 4592 a 8730 25

154 15673 : 8012 12

p 92 : P 91129 128

87 : o 8468 a 6571 7260 j 1158 : 57

123 « 12039 3873 7773 7472 7341 3746 i 48

107 10287 ' 8341 ' 4884 ' a 9129 i 26

153 i 155P 82 ! 107

17 ; 14P 90 P 87120 \ 12581 ° 81

P 53 : 54P 64 ° 65

35 1456 ' 55

122 " 12139 3576 j 77

114 ; 89100 ; 93102 : 86111 j 91

70 1 10591 i 81

129 ! 84210 134104 i 74

58 ; 38108 i 76

* New series. See p. 18 of the March 1933 issue, marketings (quantities),t Revised series. For earlier data see p. 19 of the October 1933 issue.^ For 1933 revisions of the combined index and automobile and steel ingot production indexes see p. 22 of the August 1934 issue.0 Revised. v Preliminary.§ Series revised. For earlier data see p. 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances by

slight amount.• Index of automobile and iron and steel production revised for 1933. See p. 22 of the September 1934 issue for a complete record of the revisions.



Monthly statistics through December 1931, j 1934together with explanatory footnotes and refer- !ences to the sources of the data, may be found j Decem-in the 1932 Annual Supplement to the Survey ber

1933

Decem-ber January |

1934

Febru-• ary March April \ May June July ! August Septem-

ber October I*0™*'

BUSINESS INDEXES—Continued

MARKETINGS-Continued

Agricultural products, cash income receivedfrom marketings of:*f

Crops and livestock:Unadjusted 1924-29=100Adjusted .1924-29=100..

Crops, adjusted 1924-29 = 100Livestock and products, adjusted

1924-29=100--Dairy products, adjusted 1924-25 = 100. _Meat animals, adjusted 1924-29= 100. .Poultry and eggs, ad justed _ _ 1924-29 =100. .

STOCKS

Domestic stocks 1923-25 = 100..Manufactured goods 1923-25=100

Chemicals and allied prod. ._ 1923-25= 100. .Food products 1923-25=100Forest products . 1923-25=100Iron and steel products 1923-25=100..Leather 1923-25=100Metals, nonferrous 1923-25=100Paper, newsprint 1923-25=1 00. .Rubber products — 1923-25=100Stone, clay, and glass. -.1923-25 = 100-.Textiles 1923-25 = 100

Raw 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 t 1923-25 = 100

Coffee— adj. for seasonal 1923-25=100-.Cotton— adj. for seasonal 1923-25 = 100-.Rubber— adj. for seasonal t— 1923-25 = 100—Silk — adj for seasonal - 1923-25 = 100Sugar — adj. for seasonal t 1923-25=100Tea— adj. for seasonal. . 1923-25=100 .Tin — unadjusted 1923-25 = 100Wheat— adj. for seasonal 1923-25 = 100-.

51 549.541 5

58.072.549.558.5

1521071171051189479

16348

11315911918411717293

263

p 329171352

66

48 546.545 0

48.066.536.046.0

1701101211021179482

1597199

152179215126213124296

248?367

220339215291140114205

50.552.053 5

51.060.545.549.0

1621111261031179683

16768

107151173201117201129273

250*343

214348255303135108214

45 554.556 0

53.561.547.553.0

15511112992

1179980

16284

117157169188108192115252

242»360

193347281296134104198

48 057.060 0

53.565.045.559.0

14810812681

1169980

16271

116160168178101188108231

245P367

20934726329714498

192

$

45.058.564 0

52.563.547.050.5

14210912381

11610481

15985

11116016016896

18298

213

258P423

21134726633215285

197

50 058.059 5

56.065.051.552.0

13610811784

11610580

15078

11315915915894

17193

198

260M07

22534726032814783

202

48.565.577.0

54.063.548.051.0

13210911594

1179579

14392

10716114814993

16297

182

259*392

218369287304142

215

54.571.087.5

54.565.047.550.5

1401141171081169679

14111510916213016190

198108173

266*409

22138724230914278

241

60.062.568.0

56.570.048.553.0

a 143« 108

1191031169678

14579

11216011916992

217105173

262*390

231374238295141

74237

69. 0GO. 558.0

63.072.058.557.5

1M« 109

1211031179879

15091

113•161

119187109217107217

246T 303

22137323426714074

228

74. 555.047.0

63.572.557.560.0

160« 108a 117

1001179479

155

113159120198122208113254

231P288

19136321027315379

211

52.040.5

63.573.554.071.5

<* 1591071131021179681

16071

113151123198

<* 121

198107269

227"332

17435420029414872

190

COMMODITY PRICES

COST OF LIVING (N. I. C. B.)

Total, all groups... 1923=100..Clothing 1923=100 .Food 1923-100Fuel and light . . 1923 = 100Housing 1923 — 100Sundries 1923=100--

FARM PRICES (Dept. of Agri.) § t

Total, all groups 1909-14=100Chickens and eggs ..1909-14=100 -Cotton and cottonseed 1909-14=100Dairy products.. 1909-14=100Fruits 1909-14=100-.Grains 1909-14=100Meat animals 1909-14 =100-Truck crops 1909 14—100Miscellaneous - - 1909-14 = 100

RETAIL PRICES

Department of Labor indexes:Coal. 1913=100Food# .--.1913=100..

Fairchild's index:*Combined index Dec. 1930=100..

Infants' wear Dec. 1930=100 .Men's - . . . Dec. 1930=100Women's Dec. 1930=100..

Home furnishings Dec. 1930= 100. .Piece goods Dec. 1930=100..

WHOLESALE PRICES

Department of Labor index:Combined index (784) 1926=100 .

Economic classes:Finished products 1926 = 100Raw materials 1926—100Semimanufactures 1926=100-.

Farm products ... 1926=100Grains 1926—100Livestock and poultry 1926 =100. .

80.877.378 487 566 893.0

10111910910785

11673

o 130113

165114

87.2

93.987.488.188.585.7

76.9

79.573 171.072.091 557.2

77.377.471 787 562 891.5

78947788747352

114104

167104

88.0

90.486.290.385.882.8

70.8

74.861 972.355.560 438.0

77.577.372 087.162 791.9

77828284867655

10294

167105

88.5

91.086.589.586.584.2

72.2

76.064 171.958.763.741.1

78. 3 78. 577. 5 77. 774 1 74 387 1 87 162 8 63 192.1 : 92.2

83 ; 8478 7493 i 9492 9587 i 9779 j 7965 i 66

101 7998 98

168 168108 1 109

89.5 89.6

93.2 93.688.4 88.990.2 91.287.5 i 88.785.6 85.9

73. 6 73. 7

77.0 ! 77.266 0 65 974. 8 74. 361.3 61.363 2 62 348. 2 49. 5

78.4 78.677.9 77 873 5 74 186 5 85 763 7 64 292.4 | 92.4

82 i 8272 ! 7294 i 9091 i 9196 i 11077 i 7864 ! 6498 ; 8996 92

i164 j 156107 j 108

i89.4 ! 88.6

93.9 ! 93.987.9 ! 88 191.4 ! 91.088.2 ! 88.485.5 85.5

73.3 73.7

77.1 77.865 1 65 173. 9 73. 759.6 59.658 8 1 63 949.2 ! 47.8

78.877 374 585 864 692.5

86729493

13789648090

157109

88.2

93.887 790.888.185.5

74.6

78.267 372.963. 372 448.3

79.177.075 286 464 792.5

87769994

1139166

10294

159110

87.9

93.988.390.488.284.8

74.8

78.268 372.764.574 848.8

79.677.276 586.965 492.3

9686

10797

10110668

108125

162112

87.7

94.087.790.188.585.5

76.4

79.271 672.669.886 056.2

81.077.679 987 466 092.4

1031041109993

11282

133126

165117

87.7

94.087 789.888.987.6

77.6

80.173 971.873.488. 164. 1

80.977.579 187.566 492.8

1021081079998 '

10974

110137

166116

87.4 '

94.4 '<87.7

«89.5 !88.9 :86.3

76.5

79.272 171.570.685 055. 3

80.877.478.887.666.692.8

10112510710594

10972

107123

165115

94.387.3

89.286.1

79.372.271.170.887.254.0

0 Revised.* New series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products and p. 19 of the December 1932 issue, Fairchild price index.p Preliminary.§ Data for Jan. 15, 1935: Total 107, chickens and eggs 114, cotton and cottonseed 108, dairy products 112, fruits 87, grains 115, meat animals 96, truck crops 117, mis-

cellaneous 112.t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. Revised total, rubber adjusted and sugar adjusted indexes

for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from July 1933-June 1934. See p. 23of the September 1934 issue.

# The data on retail prices of food until Aug. 15,1933, were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthlyfigures for months subsequent to August 1933 represent the figure nearest to the 15th of the month.




1934 1933>34 |

3em-[er I

1934

Decem-1 Decem-ber I ber January Febru-

ary March April May j June July August ber October Novem-ber

COMMODITY PRICES—Continued

WHOLESALE PRICES—Continued |Department of Labor index—Continued. \

Combined index—Continued jFoods 1926 = 100_J

Dairy products 1926 = 100..'Fruits and vegetables 1926=100. _ iMeats. — -1926=100-.|

Other products 1926 = 100..;Building materials 1926 = 100..!

Brick and tile _.1926=100..Cement 1926 = 100..Lumber 1926=100..;

Chemicals and drugs 1926 = 100..;Chemicals .1926=100..Drugs and Pharmaceuticals. 1926 = 100..Fertilizer materials 1926=100..

Fuel and lighting 1926 = 100..Electricity 1926 = 100.. _Gas 1926 = 100...Petroleum products 1926=100..;

Hides and leather 1926=100..Boots and shoes 1926 = 100..Hides and skins 1926 = 100..Leather 1926 = 100..

House-furnishing goods 1926 = 100__jFurniture— 1926 = 100..iFurnishings 1926 = 100..;

Metals and metal products.._ 1926 = 100..!Iron and steel 1926 = 100..jMetals, nonferrous 1926=100..!Plumbing and heating equip- I

ment 1926 = 100..!Textile products... 1926=100..!

Clothing 1926 = 100..|Cotton goods 1926=100..!Knit goods 1926 = 100..ISilk and rayon 1926=100..!Woolens and worsted ._ .1926 = 100. _ j

Miscellaneous 1926=100.. |Auto tires and tubes 1926 = 100..!Paper and pulp 1926 = 100..!

Other wholesale price indexes: |Bradstreet's (96) 1926=100..!Dun's (300) 1926 = 100. J,

World prices, foodstuffs and raw materials:* jCombined index 1923-25 = 100..

Coffee 1923-25 = 100. JCopper 1923-25 = 100..Cotton 1923-25 = 100—Rubber.—.... 1923-25 = 100..Silk .1923-25 = 100..Sugar 1923-25 = 100..Tea 1923-25 = 100..Tin— 1923-25 = 100..Wheat 1923-25 = 100..

Wholesale prices, actual. (See under respec- |tive commodities.)PURCHASING POWER OF THE

DOLLAR *Wholesale prices 1923-25 = 100.

75.379.662.469.078.085.191.293.981.278.182.273.465.373.7

Retail food prices... 1923-25=100 „Farm prices* 1923-25=ICG-Cost of living 1923-25 = 100.

49.885.197.267.471.881.278.284 285.985.667.5

68.870.078.484.361.927.174.071.047.581.5

73.591.8

48. 955.463.546.730.319.051.161.3

101. 251.4

130.9131.1145. 6125.9

62.565.163.046.077.585.685.791.2 ;88.073.7 i79.2 !59. 0 I68.173.494.092.251.689.298.674.980.181.0 !79.382.983.583.666.6

72.5 |76. 4 I87.985.5 i71.2 !29.6 i84.365.7 i43.282.5

68.486.1

39.346.557.037.520.819.830.275.2

105.241.6

142.2144.1188. 3131. 8

64.365.068.048.978.386.3

87.474.478.865.268.473.192.390.851.189.598.577.279.980.878.882.985.583.666.1

72.576.587.5 j86.5 !70.6 i29.7 |84.3 !

67.543.283.0

69.787.2

41.250.457.041.521.820.329.978.4

103.244.1

139.5142.5190.8131.4

66.7 I69.171.7 :53.378.786.687.2 !93.987.375.578.8 i71.569.272.491.889.350.389.698.478.080.181.079.283.087.086.365.8

72.776.987.288.667.031.084.3 '68.5 143.5 i82.7

71.787.5

43.257.356.345.224.5 !21.733.278.2

102.7 i42.1

136.8138.3177.0130.0

67.3 i68.9 !

71.656.578.5 ;

86.488.593.9 i86.4 !75.7 :79.0 i71.969.571.4 !

88.5 ;

89.4 :48.788.798.5 ,73.479.781.479.883.287.186.366.3

72.776.5 '87.289.165.629.484.069.344.682.7

71.086.6

42.457.856.3

.45.225.819.627.776.3

106.942.6

136. 6138.1175.1129.7

66.266.5 i67.9 ;57.378.686.790.789.787.2 175.5 i78.672.268.771.788.392.249.488.998.5 .76.778.4 '81.6 ;

79.983.587.987.3 i68.0 ;

76.275.385.788.264.228.482.069.544.683.6

70.985.5

40.955.959.143.828.318.419.576.8

110.643.2

67.167.168.260.078.987.391.289.485.975.478.672.866.472. 588.994.650.787.998. 573. 576.3

|

69.873.0 !70.1 !62.2 178.2 !87.8 191.1 i93.9 i86.3 ;75.6 i78.6 i73.167.9 ;72.8 !90.6 !97.550.6 '87.198.4 i70.1 ;75.3 !

82.0 f 82.0 ;80. 1 ! 79. 0 ':84.1 85.1 i89.1 : 87.7 !

90.2 : 88.668.1 , 68.5 I

75. 0 75. 1 ;73.6 : 72.7 i82.7 : 82.686.3 86. 065.3 62.8 !26.5 25.0 !81.0 80.8 i69.8 70.2 144.6 44.683.7 83.5

70.7 : 71.586.9 i 88.6

i40. 3 43. 655.9 ! 55.959.9 62.141.9 : 45.231.0 i 31.617.9 16.819.5 32.974.3 ' 69.0

106.5 101.9 '42. 4 42. 7

j

70.674.8 I68.263.4 j78.487.0 l

91.393.985.375.478.573.0 ;

67.673.992.4 !99.2 151.3 '86.398.0 '66.6 i75.1 181.678.584.886.886.768.8

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

73.977.365.669.478.385.891.393.981.875.779.272.764.874.692.699.251.683.897.957.471.381.8

76.176.266.076.678.385.691.393.982.376.580.372.766. 474.695.299. 351. 384.197. 9P0.4<o. 681.8

78. 9 78. 884.686.7

84.886.6

86. 6 86. 568. 9 68. 4

75.0 71.670.8 71.179. 5 79. 786. 4 87. 859. 3 59. 924. 4 24. 378 9 78.070. 2 70. 244.7 44.782.4 [ 82.4

73.4 ; 73.289.7 90.2

50. 4 I <* 50. 156.8 '• 56.863.5 : 63.549.3 i 48.236.2 i 36.015.8 i 15.743. 4 « 49. 467. 5 ; 64. 2

103.3 J 102.459.4 : 54.5

74.877.167.6 i70.0 !78.085.2 i91. 2 ;

93.9 :82.0 '77.181.1 :73.565.774.694.596.950.483.897.759.770.581.779.084.4 :

86.386.268.1

68.170.379.1

! 86.6! GO. 5i 24.8! 74.9i 60. 7 :! 44. 7. j1 S2-4 i

! 71.8 ij 89. 1 1

i 48.3 ;i 55.9 ii 63. 5 1| 46.0 .! 32.7 1i 16. 6 !1 49.9 i; 66.6 i'. 101.3 i

48.8 i

137. 4139.5179.2129.9

135.0137.4170.9129.2

134.6136.2168.9128.7

131.8134.0153. 1127.9

129.712S.2142.7125.6

131.6 j129.5 ;144. 1 j125.8 ;

68.869.778.484. 461.025.874.170.647.582.1

71.990.2

48.254.963.546.330. 518.050.964.5

101.948.3

131. 6130.4145.6125.9

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION CONTRACTSAWARDED i

Contracts awarded, F. R. B.: \Total, unadjusted.. 1923-25 = 100. _ | 20

Residential.. . 1923-25 = 100 i 10Total, adjusted 1923-25 = 100 • 33

Residential 1923-25 = 100. _i 12F. W. Dodge Corporation (37 States):*

Total, all types: iProjects number 1 5,771Valuation thous. of dol— ; « 92, 685

Nonresidential buildings:f !Projects number 2,170Floor space thous. of sq. f t— i 4, 939Valuation thous. of dol— ; a 28, 067

Public utilities :# 'Projects. number..1 165Valuation... thous. of dol.. • 12, 911

Public works :#Projects number..; 945Valuation thous of dol 37 156

Residential buildings:Projects number 2,491Floor space ..thous. of sq. ft— 4, 048Valuation , thous. of dol— 14, 551

Engineering construction :JTotal contracts awarded (E. N. R.}

thous. of dol. . 101,419

45115713

7,677207, 210

3, 1895, 185

50, 040

32234, 043

2,44699 227

1,7205, 890

23, 900

102, 563

40 38 33 36 i 32 3110 10 ! 12 14 13 : 1349 44 33 32 ! 26 • 2612 12 11 12 ! 11 12

1 '7,729 5,507 I 7,927 8 114 i 9 153 8 368

186,464 96,716 ; 178,346 ' 131,225 1 134,439 127,116

3, 419 2, 256 2, 959 3, 141 3, 210 3 0615,470 4,271 ' 7,673 7,991 i 8,093 7,147

57,616 29,015 57,329 38,737 | 52,797 > 43,142

358 185 245 193 ! 205 ; 23210,596 6,443 j 21,003 12,372 j 5,599 : 13,069

2,222 1,101 i 1,761 1 ,1841 1,537- 1,344103 141 46 739 71 937 57 535 ! 51 202 44 340

1,730 1,965 1 2,962 3,596 4 201 3 7313,943 3,634 i 8,046 ! 5,985 1 6,159 7,504

15,110 14,520 | 28,076; 22, 686 | 24,840; 26,565

'133,581 k04,261 >147, 204 ' 101,192 | 116,743 ; 109,993

i!i

30 i 28 3012 i 10 U27 27 2912 10 11

!7 182 l 7 625 7 605

119,663 j 120,015 110,151

2 905 3 134 2 7878,275 1 8,996 7,524

60,751 ! 50,816 42,309i

199 ! 206 1967,901 8,651 6,510

1,051 1,087 1,31331 166 ' 41 906 43 479

!3 027 1 3 198 3 3704,795 | 5,030 4,847

19,845 ; 18,641 17,854

i118,000 i 109,115 l 94,439

29

3112

10 013135, 225

3 5357,885

43, 686

28912,612

1,91859 593

4 ?717,015

26, 300

90, 501

«28113111

7 505« 111, 692

2 6967,258

a 39, 440

2528,496

1,21043 847

3 3475,319

« 19, 910

« 134, 148a Revised.* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: World Prices, p. 20, September 1932; Purchasing

Power of the Dollar, p. 18, August 1933 (except farm prices. See the footnote on this series below.)• Index of farm prices have been completely revised. Refer to p. 20 of the November 1934 issue. The reciprocals of the new series have not been published prior to

September 1933. See p. 24 of the November 1934 issue.f Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.# 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.^Months of March, May, August, and November 1934 include 5 weeks; other months include 4 weeks.

A A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. 19 of the August 1934 issue




1934

Decem-ber

1933

Decem-ber January Febru-

ary Ma

1934

pril May June j July August Septem-ber October Novem-

ber

CONSTRUCTION AND KEAL ESTATE—Continued

HIGHWAY CONSTRUCTION

Concrete pavement contract awards:Total __thous. of sq. yd__

Roadsonly thous. of sq. yd_.Highways:

Approved for construction (N.I.R.A.): *Mileage number of milesPublic works funds allotted, thous. of dol_.

Under construction (NJ.R.A.): *Estimated total cost- thous. of dol ._Public works funds allotted. thous. of doL.Federal aid funds allotted. . -thous. of dol_.Mileage _ _ num ber of miles. _

CONSTRUCTION COSTS

Building costs— all types (American AppraisalC o ) * __1913=100-_

Building costs— all types G4. <7. <?.)_- 1913 =100. _Building costs— all types (E.N.R.) § 1913=100..Building costs— factory (Aberthaw) .1914=100-.

MISCELLANEOUS DATA

Construction— employment and wages:Employment, Ohio. (See Employment.)Wages, road building. (See Employment.)

Fire losses, United States thous. of doL.Foreclosures *• number _ _Ship construction. (See Trans. Equipment.)Real estate:

Home Loan Bank, loans outstanding *thous. of doL .

Market activity each month 1926=100New financing. (See Finance.)

6,3014,336

3 3208,000

147, 80783, 4844,7146,911

158180

201. 9177

23, 89617, 736

87, 258

5,9184,107

5 60793, 439

159, 575147, 264

5,56110, 504

153168

192.1175

27, 62617, 125

88, 44253.8

3,9212,131

4,49180, 795

197, 088180, 944

7,04212, 084

153168

191.3

28, 00315, 917

92, 49751.5

3,5862,356

4,33380, 456

216, 291198, 759

7,57412, 827

154169

194.0

31, 44314, 198

94, 04046.3

3,3532,143

4 26777, 283

239, 974221, 169

7,95513, 062

156172

194.0176

31,31216,111

93, 12546.3

1 2, 4591,463

3,27962, 216

269, 229248, 942

8,43514, 111

157180

195.9

22, 02915, 807

88, 92245.2

3,7522,200

2 40543, 297

288, 460267, 371

8,91414,311

158180

199.6

25, 27116, 680

86, 84245.7

2,6281,572

1,71831, 149

283, 506263, 0428,63413, 674

158180

199.6177

20, 00616, 348

86, 24847.9

2,9492,093

1,22522, 481

267, 509246, 3948,42112, 524

157182

199.7

19, 48415, 499

85, 72348.3

! 2, 8581,557

1,61415, 598

231, 554211,5127,60810, 220

157183

198.4

19, 61315, 462

85, 51952.5

4,6003,491

2,88613, 839

203, 027176, 9977,1238,831

157182

200.6177

16, 24415, 972

86,64748.6

5,0823,760

2, 84510, 854

179, 453139, 5706, 0937,879

158181

200.9

18, 23616, 723

87,446 i56.1

3,6193,101

2,8927,807

159, 599101, 7345,3997,280

158181

201. 4

20, 11416, 940

87, 714

DOMESTIC TRADE

ADVERTISING

Radio broadcasting:Cost of facilities, total thous. of doL.

Automotive thous. of dol..Building materials thous of dolClothing and dry goods thous. of dol..Confectionery thous. of dol._Drugs and toilet goods thous. of dol..Financial thous. of dol_.Foods thous. of doL.House furnishings thous. of dolMachinery - thous. of dol .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 doL.Stationery and publishers. _ .thous. of doL.Tobacco manufactures thous. of dol..Miscellaneous thous. of dol._

Magazine advertising:Cost, total thous. of dol .

Automotive - thous. of dolBuilding 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..Garden thous. of doL.House furnishings thous. of dol_.Jewelry and silverware thous. of dol._Machinery thous of dolOffice equipment thous. of doL.Paints and hardware thous. of doL.Petroleum products thous. of doL.Radios thous. of dol_.Schools .. thous. of dolShoes and leather goods thous. of dol_.Soaps and housekeepers' supplies

thous. of doL.Sporting goods. thous. of dolStationery 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.-

4,4513803336

1301, 513

461,279

172116

289960

1740

5631946

8,938362196278237

1,819232

1,63618

53928449

14628

180180115123

318179385539354739

2,136

3,6972891743

168" 1, 053

61a 1, 086

541511

258540

1150

2338167

a 7, 908"476«137°216"158

0 1, 880°173

0 1, 628«7

°437«222°21

"11225

"173«230«99"70

"348°112«319"384"318°304

1,791

3,7932681518

1621,196

65997551220

259470

1450

1343784

6,28348697

178100

1,332179

1,17350

22911923

11017

16723512454

33693

166421283312

1,375

3,585338

430

1421,089

57945363

21245

390

i«13

39289

8,2091, 136

13918786

1, 894192

1,78576

34834328345

11965

11039

58355

161439284319

1,765

3,998348

o36

1191,222

641,061

780

22267450

1900

18416112

9,232982183298142

2, 193220

1,91659

53533279191

14511510162

57672

187449343414

2,013

3,740338

740

1091,168

63999460

24241450

1900

31326114

11,6931,543

293413168

2,431250

1,96975

86710940

110163258108113198

717114198523459574

2,469

3,728371323078

1,16856

974500

20243360

2160

35310110

11, 5861,665

267393165

2,170266

1,71161

1,03919045

102203228100128213

711184149425521652

2,501

3,104309262280

1,02237

829120

13202330

178

48°187107

10, 8221, 639

191326178

2, 119241

1,56841

7802363999

13530385

133222

643223137486418580

2,271

2,495188o2768

92136

6881205

188340

1410

279365

9,2001,386

171281178

1,884222

1,60731

35186328188

28898

132106

651223117454257472

1,853

2,249178o1934

78736

719607

189396

1120

233854

7,291997131113226

1,698195

1,3308

18336417024

24864

14339

43817982

461152433

1,534

2,561222182720

96940

700380

191935612

1600

244616

8,0081,016

214296178

1,502230

1,36616

44852325951

21380

150134

461169167433188554

1,827

4,5275443525

1171,497

571,218

268

243189515

1340

4931648

10, 653965295477212

1, 992

1,82311

81717952

139144229238128237

556112310548313643

2,264

4,3632993728

1151,460

511, 259

291721

325916

1780

72302

75

10, 852755274452209

2,382285

2,0717

79623360

18084

163213109201

555101257503302660

2,317

* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N.I.R.A. highway work started in September 1933;see November 1934 issue for beginning of series. First Home Loan Bank loan data were issued for December 1932. See special note below on foreclosures.

t Revised series. See p. 20 of the October 1933 issue.§ Index as of Jan. 1. 1935, 198.1• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States

having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933,209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since thefigures for these months are from a slightly different number of communities.

o Revised.

109756—35 4Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Monthly statistics through December 1931,

ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Decem-ber

1933 |

^'January *•*•" March April May

1934

June July August Septem-ber October j i^m"

DOMESTIC TRADE—Continued

ADVERTISING— ContinuedNewspaper advertising:

Lineage, total (52 cities) • thous. of lines_-Classified thous. ofUnes.-Display _thous. of lines -

Automotive __ - _ thous. of lines _.Financial thous. of lines.-General thous. of lines. -Retail thous. of lines. -

GOODS IN WAREHOUSESSpace occupied, public merchandising ware-

houses percent of total..NEW INCORPORATIONS

Business incorporations (4 States) number. .POSTAL BUSINESS

Air mail, mile performanee*_thous. of 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 do l__Receipts, postal:

50 selected cities thous. of dol _50 industrial cities - thous. of dol.

RETAIL TRADEAutomobiles:*

New passenger car sales:Unadjusted 1929-31 = 100__Adjusted 1929-31 = 100. .

Chain store sales:Chain Store Age index :*t

Combined index (18 companies)!av. same month 1929-31 = 100. _

Apparel index (3 companies) tav. same month 1929-31 = 100...

Grocery (5 companies)!av. same month 1929-31 = 100. .

Five-and-ten (variety) stores:*Unadjusted 1929-31 = 100__Adjusted --- 1929-3 1=100. _H. L. Green Co., Inc.:*

Sales thous. of dol..Stores operated number .

S. S. Kresge Co.:Sales .thous. of dol _.Stores operated ... .number.

S. H. Kress & Co.:Sales - -thous. of dol _Stores operated number .

McCrory Stores Corp.:Sales - - -thous. of doL.Stores operated .._ . _ number .

G. C. Murphy Co.:Sales thous. of dol .Stores operated _ . .. .number.

F. W. Woolworth Co.:Sales - thous. of dol _Stores operated - number.

Restaurant chains (3 companies) :Sales thous. of dol _Stores operated - number..

Other chains:W. T. Grant & Co.:

Sales.. thous. of doL.Stores operated number

J. C. Penney Co.:Sales thous. of do l__Stores operated _ _ _. number

Department stores:Collections:*

Installment accountpercent of accounts receivable .

Open accountpercent of accounts receivable .

Sales, total value, unadjusted._1923-25=100_.Atlanta* 1923-25=100.Boston. 1923-25=100.Chicago* 1923-25-100Cleveland* 1923-25 = 100.D alias* 1923-25 = 100Kansas City 1923-25 = 100,Minneapolis* 19^9=100New York* 1925-27=100Philadelphia* 1923-25 = 100.Richmond 1923-25—100St Louis 1923-25=100San Francisco* 1923-25 = 100.

105, 66917,38988, 280

3, 9201,432

13,48209, 446

2,106

4 04038 328

13,142101 ("-99

27.148 0

94

99

85a 163. 9

1 ° 88 9

4. 446130

i 21,213731

r> 412! 939

5, 526i 194

4 471

' 39, 5661, 954

• 3, 766! 367

114, 212

465

! 29, 300! 1,474

1 « 13414612312412214f

-i 127! 117

137115

! 172116144

96, 71615,548 !81, 168 !

3,936 i1,506 !

12,27563,451

67 4

2,525

4 01335 487

12 11898 551 i

5, 110 \

17.330 5

88

88

80

153 783 3

4 071134

19 732721

11 441230

5 664209

3 591180

36, 9961 936

3, 568374

12,451457

« 25, 8281, 467

15.6

40.01211281141081081°8113102129105147106131

82, 45515, 04567, 4095,9312, 159

13, 97745, 343

67.6

2,864

3 61134 551

11,28289 7612,030

22.833 5

89

93

81

70 294 2

1, 619132

8,825721

5 107231

2,492209

1 555179

18, 1371,937

3,472374

4, 833457

12, 4441,466

16.4

42.45759615652

52615844615360

80, 78813, 66167, 1264,3581,643

16, 74544, 381

67.2

2,106

3 41931 743

1i 10, 056

79 1922, 006

45.754 5

91

90

82

73 087 5

1, 525132

: 8, 797722

5 083231

2,497205

: i 5841 180

i 17, 860! 1 937

3, 146373

4, 550457

11,745! 1, 466

15.8

39.359684657

\ 56i 661 54; 52i 60

45

! 521 62

103, 64816, 57787, 071

6,1792,010

19, 38459, 498

67.4

2,507

3 82236 183

11,99994, 176

3,047

68.464 5

91

100

81

87 294 8

2,377133

12, 321723

6 331230

3,257204

2 246180

24, 0351,940

3,678373

6,774457

16, 4971,467

18 3

42.773847374718075787264927175

107, 49117, 80889, 6838,1801,808

20, 18359, 512

65.9

2,393

3,51934, 225

10, 47685, 2192,118

87.959 0

92

103

82

82.587 2

1,903133

10, 146724

5,732230

2,582204

2,060180

19, 7881, 944

3,541372

5,950457

15, 4771,465

17.3

41.673836471737670707260816770

112, 12217, 93294, 190

9, 2961,481

21, 79861, 616

66 0

2,320

246, 861

3 55334 097

11,25789, 684

2, 219

78.155 5

90

98

82

90.090 0

- 2, 218132

11, 6801 723

6 096230

2,745204

' 2 367181

22, 005i 1, 9461 3, 475

373

1 7, 180457

17, 0861, 467

1 17.5

43.6778371

797774

j 73i 651 97

75i 71

103, 64618, 68984, 9579,5031,528

19, 53154, 395

70 1

2,185

374, 591

3 45233 896

10, 95388 088

2,422

84.663 5

92

91

84

86 390 8

2 287131

11, 523724

5 757229

2,820202

2 466181

22, 0001 949

3,308372

7,361458

16, 7971,465

16 0

43 370747072706863697064906265

83, 18316, 47566, 7097,0761,718

15, 27942, 636

65 8

2,048

454, 193

3 27032 670

9,78483, 7272,043

73.967 0

93

88

85

79 789 5

1,840131

9,472724

5 336227

2, 365200

2 076181

19, 5151,949

3,265372

5, 743458

13, 9671,465

1 15.0

i 40. 7i 51

58455050534847534359

1 4360

87, 69217, 79069, 9026,5141,219

13, 76948, 401

66 0

2,013

511,006

3 28632 795

10, 25388 045

2,299

63.156 0

93

97

87

79.990 3

1,974132

10, 252726

5 574227

2,419195

2 118181

20, 7951,951

3,623372

6,295458

16, 1191,467

16.0

38.960705465595964646048735874

96, 37817, 93678, 4424,8411,193

16, 10356, 305

63 9

1,788

487, 707

3 13831, 753

10, 37587, 976

2,507

51.953 0

95

99

86

85.589 5

2,081131

10, 414727

5,685227

2,390194

2, 105181

21, 3421,954

3,520369

6,572461

19,9841,468

15.6

39.07990

i 66i 79

7191858177598576

1 80

108, 81018, 60590, 2053,9171,653

22, 03962, 595

o 63 2

2,140

580, 239

3 91536 639

12, 620111,756

1,985

47.359 0

92

101

85

91.390 0

2,327130

11,499728

6 367230

2,777194

2 481184

23, 3041, 954

! 3, 725368

7,822462

21,2421, 469

17.1

44.38291

| 827871

! 8581858872

1127481

106, 99917,41489 5853 5921,285

19, 09565,614

65 7

2,092

4 39434 306

12,049102 390

2,267

°39.2a. (53 Q

93

102

85

92.991 5

2 289130

11, 285731

6 182232

2, 658194

*> 426185

22, 3321,956

3,444365

7,494464

21,3811,473

16.7

44.1839173777492

a 78768970

a 1027883

0 Revised.* 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. Data prior to October 1933 on collectionsnot published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. New series on air mail not available priorto May 1934. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933. For earlier data on department store sales byFederal Reserve districts, see p. 20 of this issue. Note that the combined index of department store sales is computed by the Federal Reserve Board and the district indexesare computed by the Federal Reserve banks. For districts not marked by an asterisk the series are as previously published.

t Revised series. For revisions refer to the indicated pages of the monthly issues as follows: Apparel sales index of Chain Store Age, p. 26, October 1933. Combinedindex and grocery index of Chain Store Age have been revised for period January 1932 through August 1934. See footnote on p. 26 of the November 1934 issue.

• New York Evening Post series on newspaper advertising in 22 cities is available for the period 1916 through January 1933. See the 1932 annual supplement andmonthly issues prior to December 1934.




1934

Decem-ber

1933


ary March April May

1934

June July August Septem-ber October I Novem-

ber

DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

Department stores — Continued.Sales, total value, adjusted 1923-25=100-

Atlanta* 1923-25=100..Chicago* 1923-25=100Cleveland*. 1923-25=100Dallas* 1923-25=100..Minneapolis* 1929—100New York*., .__ 1925-27=100.Philadelphia* 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__

Rural sales of general merchandise:*Unadjusted _.. _ .. 1929-31 = 100Adjusted 1929-31 = 100-.

768674748978786583

4.7

6064

76, 63134, 68441, 947

134.294.5

697564667869746076

4.2

6265

« 61, 804a 24, 855

36, 949

110.377.7

697469686869725472

7.4

5966

36, 70514, 73421,971

66.079.5

717872687869715574

9.4

6366

36. 01615, 42220, 594

73.180.7

778675778079816979

6.6

6765

43, 59218, 31225, 280

74.079.6

778472688168776273

6.5

6865

46, 03720, 87225, 165

70.873.8

7782

747474

6773

7.5

6866

51,07220, 93530; 137

74.979.7

748273727371736774

6.1

6365

46, 33019, 26627, 064

68.372.3

728369667661715973

7.6

5964

37, 38715, 89121, 496

58. 275.5

799082708274786376

12.2

6164

44, 13418, 91525, 219

68.179.2

769676688675756678

8.5

6764

52, 99723, 09329, 904

97.998.8

747671677472776378

8.5

7164

64, 13429, 70434, 430

108.789.1

738070707977765881

7.3

7465

60, 59526, 90133, 694

110.489.8

EMPLOYMENT CONDITIONS AND WAGES

EMPLOYMENT

Factory, unadjusted (B. L. S.)*__1923-25=100-.Chemicals and products 1923-25=100

Chemicals 1923-25-100Druggists' preparations 1923-25 = 100_ -Paints and varnishes 1923-25= 100. _Petroleum refining 1923-25 = 100- _Rayon and products 1923-25=100

Food and products 1923-25=100 _Baking 1923-25 — 100Beverages ._ 1923-25=100Slaughtering, meat packing- .1923-25 =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=100Leather 1923-25-100

Lumber and products 1923-25—100Furniture .1923-25=100Millwork 1923-25 = 100..Sawmills 1923-25 = 100Turpentine 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—100Aluminum manufactures 1923-25 = 100. _Brass, bronze, copper prod— .1923-25 =100. _Stamped and enamel ware. _ -1923-25=100-.

Paper and printing . .1923-25=100Paper and pulp 1923-25=100

Railroad repair shops 1923-25=100Electric railroad ..1923-25= 100Steam railroad 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 - 100Glass 1923-25 = 100

Textiles and products . 1923-25=100Fabrics 1923-25 - 100Wearing apparel . .1923-25=100

Tobacco manufactures 1923-25 = 100- .Transportation equipment 1923-25 = 100. .

Automobiles 1923-25=100Cars, electric and steam 1923-25=100..Shipbuilding 1923-25-100

Factory adjusted (F. R. B.)* 1923-25=100..Chemicals and products 1923-25=100

Chemicals 1923-25=100-.Druggists' preparations 1923-25 = 100. _Paints and varnishes 1923-25=100..Petroleum refining 1923-25 = 100-.Rayon and products . 1923-25=100

Food and products .1923-25=100..Baking 1923-25 = 100Slaughtering, meat packing. .1923-25 =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..

78.1108.7103 9102.899.5

110.7329.5103.8115 4148.7105.566.666.958.085.584.882 992 747 865.036.731 692.978.583.865.6

66.8207.876 962.274.087.597 8

108 352 065 551.079.071.950.128.041 687.492 894 086 061.978.588 934.069 679.0

108 0101.8101.3101.1112.0329 5107.9115 4101.167.768.058.488.9

74.4107.6103 5103.090.1

111.2322.099.2

107 7140.598.066.667.052.786.478.775.890 849.865.936.333.3

107.771.861.259.4

61.4219.469 880.972.178.294.5

101.153.566.752.583.971.849.027.136.682.988.089.780.462.161.166.131.867.375.0

106.6101.4101.491.6

112.6322.0101.7107.793.967.668.153.189.8

73.3107.9104 8101.993.9

110.3319.494.1

106 4140.596.563.565.051.679.182.980.891.445.660.033.330.797.870.065.857.8

61.2181.767 378.070.972.792.4

100.352.865.951.882.071.547.324.735.683.888.289.481.454.571.280.331.664.475.1

107.7103.499.796.1

112.4319.4104.0108.793.764.965.553.084.5

77.7110.6104 8102.497.6

110.6325.293.9

108 4141.595.566.667.352.879.690.389.693.647.162.436.131.398.672.975.659.2

64.1177.570 979.672.779.893.1

102.553.465.852.584.674.649.825.641.089.596.896.493.462.184.797.438.566.078.4

109.6103.1101.497.7

112.1 :

325.2 !104.3 i110.893.966.4 i66.654.383.2

80.8112.8107 7103.198.4

110.2321.996.2

110 3147.792.870.070.153.985.492.792.295.148.563.037.632.6

101.476.875.961.8

68. 3187.675.181.578.187.593.7

104.455.566.354.787.178.152.126.942.493.9

100.098.499.464.493.4

108.440.869.381.0

110.9106.5100.997.7

111.3321. 9107.8112. 695.169.168.655.288.1

82.3113.3110 8100.6102.6107.8319.097.2

111 2156. 692.472.672.956.088.292.392.293 249.460.839.434.3

101.280.387.263.7

71.6200.276 982.279.194.095.1

106. 857.866.357.290.082. 155.330.548.095.999. 196 8

100.064.799.1

114.943.971.782.2

109.4110.1102.4102.2107.8319. 0104.0113.095.471.571.456.787.8

82.4106. 1111 297.7

107.4109.5267. 799.6

113 2169.196.775. 276.858.591.291.491.392 151.061.340.436. 1

102.481.383.065.4

73.6201.2

77 878.181.295.695 9

107.259.666.759.189.182.757.733.157 695.196. 194 994.761.399.4

114.448.573 182.4

107.9113.1101.3103. 6109. 7267. 7106. 4113.297.974.375.758.990.3

81.0104.5111.796.9

106.1111.4273.8105.1114 6183.0101.476.479.159.796.787.786.891.550.062.437.935.198.680.873.366.2

73.1206.0

75 976.078.293.094.7

106.059.866.759.385.681.757.134.459.193.690.989.989.362.495.1

106. 853.976.681.4

108.9113.9101.4102. 2110.4273. 8107. 3113. 4101.976.379.359.493.4

78.6105.3112 393.8

101.2111.7296.8110.1116 3188.9103.570.372.459.099.689.489.091.548.862.037.033.897.378.669.365.1

69.5205. 073.268.975.090.393.4

104.858.366.357.783.977.454.231.758.489.185.987.079.861.187.898.451.369.279.4

109.6115.199.0

101.4109. 3296. 8106. 7114.6104. 171.473.457. 895. 8

79.5106.9110.998.699.1

113.4304.2122.1115 8185.8112.468.669.759.099.191.191.988.449.062.936.233.998.378.666.865.3

69.0217.573.467.772.787.193.8

104.855.266.054.480.773.953.131.855.087.688.285.690.165.183.392.548.171.279.3

110.9114.9100.6101.8111.3304. 2110.8115.4114.768. 870.357.692.4

75.8108.6108.0103.098.8

112.9305.5127.1115 7176.7121.266.065.358.6

101.085.785.586 849.365.034.634.196.277.767.865.9

66.8219.973 257. 570.884.495.3

105.455.765.755.078.470.452.930.454.087.373. 162 095.564.773.880.941.871 373.9

108.2108. 5100.8100.0110.9305. 5110.5113.7122.465.465.457.095.3

78.3109.4106.5106.899.6

112.9307.0119.5116 1168.2117.666.065.457.193.983.482.388 249.566.536.333.989.377.972.965.0

66.4222.875 161.871.082.996.4

106.653.965. 153.177.469.451.929.950 786. 192.389 794.465.363.968.734.171.276.7

107.5105. 3102. 199.3

113.1307.0109.3114.3116.765.665.955.894.1

76.8108.6104 4105.599.7

111.9320.8109.0115 4151.9109. 366.265. 957.989.681.679.889 248 665.236.332 892.477.979.665.4

66.0214. 576 062.572.083.997.0

107.751.665.750.576.668.752.229.948 288.590.989 789.664.0

"62.267. 1

°32.469 376.7

107.2102.3101.8100.5113.0320. 8107.3113.6108.266.466.757.893.6

0 Revised.* New series. For earlier data on factory employment unadjusted in detail, see pp. 16 to 18, inclusive, of the June 1934 issue. See pp 16 and 19 of the July 1934 issue

for factory employment adjusted total and in detail, and unadjusted total. See p. 20 of the December 1934 issue for rural general merchandise sales. For earlier data ondepartment-store sales seep. 20 of this issue. Note that adjusted indexes are not available for the Federal Reserve district not shown. Note also that the combined index(adjusted) is computed by the Federal Reserve Board and the district adjusted indexes are computed by the Federal Reserve banks.




1934

Decem-ber

1933

Decem-ber January

1934Febru-

ary March April May June July August I SeP£m- 1 October j

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT— ContinuedFactory adjusted— Continued.

Leather and products 1923-25=100 .Boots and shoes 1923-25 = 100Leather 1923-25 = 100

Lumber and products 1923-25=100Furniture 1923-25 = 100Millwork 1923-25-100Sawmills 1923-25 = 100..

Machinery _ . _ 1923-25=100..Agricultural implements 1923-25= 100..Electrical machinery, etc 1923-25 =100_.F o u n d r y and machine-shop products

1923-25 = 100..Radios and phonographs 1923-25 = 100..

Metals, nonferrous 1923-25 — 100Brass, bronze, copper prod... 1923-25 = 100..Stamped and enamel ware.. -1923-25 = 100. .

Paper and printing 1923-25 = 100Paper and pulp 1923-25 = 100

Railroad repair shops 1923-25 = 100..Electric 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 = 100Glass . _ 1923-25 = 100

Textiles and products 1923-25 = 100Fabrics 1923-25 - 100Wearing apparel ._ 1923-25 = 100 .

Tobacco manufactures 1923-25 = 100Transportation equipment 1923-25 = 100- _

Automobiles 1923-25 = 100...Cars, electric, and steam 1923-25 = 100-.Shipbuilding 1923-25 - 100

Factory, by cities and States:Cities:

Baltimore* 1929-31-100Chicago* 1925-27 — 100Cleveland* 1923-25 = 100..Detroit 1923-25 = 100..Milwaukee* 1925-27=100New York 1925-27=100Philadelphia! 1923-25=100..Pittsburgh* 1923-25 = 100..

States:Delawaref -- 1923-25 = 100Illinois 1925-27-100Iowa 1923 = 100Massachusetts* t 1925-27 - 100Maryland* . 1929-31 = 100New Jerseyf 1923-25 = 100New York 1925-27-100Ohio 1926 = 100..Pennsylvania! 1923-25 — 100Wisconsin. 1925-27=100

Nonmanufacturing (Dept. of Labor):Mining:

Anthracite 1929 - 100Bituminous coal 1929—100Metalliferous. . . 1929=100Petroleum, crude production 1929=100-.Quarrying and nonmetallic 1929 = 100..

Public utilities:Electric railroads 1929=100Power and light 1929 — 100Telephone and telegraph 1929=100..

Trade:Retail t 1919 = 100 .Wholesale t 1929 — 100

Miscellaneous:Banks, brokerage houses, etc.*!_1929 = 100_.Dyeing and cleaning*! 1929 = 100Hotels 1929=100Laundries*! 1929=100

Miscellaneous data:Construction employment, Ohio. 1926 =100.Farm employees, hired, average per farm •

number.Federal and State highway employment,

total* numberConstruction* number-Maintenance* ._ _ number

Federal civilian employees:United States*. _ ... number

Washington numberRailroad employees, class I thousands.Trades-union members employed:

All trades percent of totalBuilding trades* percent ot totalMetal trades* . _ percent of totalPrinting trades*. .percent of totalAll other trades* percent of total

On full time, all trades. ..percent of total.

88.988 192 347. S62.937.332.279.284.165.6

68.4203. 8

76. 174. 588.496.1

108.352.165.551.179.574.451.229.543.987.892. 192. 487.461 . 684. 496.6

! 37.069.6

77.366. 0

1 78.61 91.2

84.073.6

! 82.676.7

87.41 69. 9i 111.8! 70.1

85.51 80.4i 71 11 86.3

76 480.6

61.679 744.4

| 78.742. 1

71.083 6

1 69.7

90.885 0

1 (3)! 72.4! 83.3; 79. 5

21.6

.65

323, 700i 189,020

134, 680

1 707, 606i 94, 050! 980

1 73i ° 43I a 74! 84i ° 79! 48

82.480.6 i90.4 !49.963.836.934.072.461.459.4

62.8215.169 272.679.193.0

101. 153.666.752.684 374.350.028.638 683.287 388.281.761 965. 671.834.667 3

74 160 974.161.777 167.476.873.4

92 765 499 869 181.279.866 280.172 576 5

54 575 440 675.045.3

70 881 869.4

89 181 5

99.370 577.678 4

27.3

.64

362 031221, 168140, 863

627 11375, 450

982

713864818049

83.682. 189.847.262.234.332 17L863.657.8

62.1215.869 471.375.191.7

100. 353. 665.952.683 473.752.028.140 191. 188 188.583. 158 472.181.1

« 35. 362 5

72 160 878. 5

i 83.21 76 7

66 973. 370.0

i 89 064 098 4

i 68 579 077.465 879.469 5

1 75 7

' 64 175 839 673.239.7

70 5g9 2

70.2

79 8i §0 6

1 99.2i 68 1

81 578 5

23.6

.73

315 989179, 499136 490

! 627 155I 78 045

982

79! 49

6581

1 81! 49

88.4 ,87 891.248.4 !

63 036 6 132.774.071.1 ;

59.2 :

63.8216.4

70 171.378.992 9

102 554.265 853.385 175.452.729.4 146 1 !91.895 194 891.3 i62 6 i

°82.5 j94.6

MO. 56° 8

76 163 283.699.175 871 4

i 76. 173.4

! 93 4i eg oi 101 6i 73 0! 83 8! 78.9

69 6! 85.4: 73 7

77 2

63 276 140 372.438.8

71 081 2

j 69'. 8

79 681 2

99.468 184 878 4

| 21.0

i .67

306 090179, 125126 965

647 75979 913

992

7445

1 6681

1 83! 52

90.5 93.090 0 93 192 9 93. 049.8 50.064 1 63 038 1 39.233.7 34.578.4 [ 81.570.9 82.361.8 63.7

67. 4 70. 4250. 8 253. 773 7 76 076.0 77.784.3 91.493 4 95 5

104 4 106 855.8 : 57.466 3 66 355 0 56 889 0 90 479. 7 80. 753. 1 54. 729. 2 30. 345 3 48 293 1 94.497 3 97 896 5 96 194 9 97.364 9 65 789.6 "94.0

103. 7 108. 8« 41. 4 a 42. 8

65 7 67 3

79 6 84 664 9 65 184.5 88.5

107.7 112.780 6 81 674 7 74.778. 4 78. 887. 9 77. 6

95 8 96 169 1 70 4

105 5 108 974 1 74 886 7 90 380 1 79.979 2 73 289.6 91.976 1 77 179 3 79.6

67 5 i 58 277 8 72 239 8 41 772.8 74.042.0 48.7

71 7 ; 72 281 7 82 470.0 | 70.2

81 5 1 82 581 8 ' 82 1

(3) (3)72 4 ! 79 986 4 I 86 779 2 ! 80 5

20.2 | 24.5

.80 1 .80

296 265 ' 345 278164,038 | 209,167132 227 i 136, 111

659 503 i 680 02681,569 1 83,850

1,015 ; 1,033

75 ! 7645 i 4270 ; 7282 i 8284 i 8453 i 53

94.094.293.451.364.539.935.682.080.565.4

72.4239. 478.280.794.396.5

107.259.266.758.787.578.956.231.355.993.496.094.894.861.6

«91.2104. 1"46. 1

70 9

84.566 987.5

100.586.273.377.680.2

95.572 1

111.073.589.481.672 193.877 084.1

63 876 740.876.754.3

72.683 170.2

82.982 8

(3)84.385.782.1

31.7

.92

466 504299, 133167, 371

694, 96885, 939

1,061

764375838452

91.490 993.849.864.737.434.281.273.866.2

72.3227.476.878.792.995.5

106.059.466.758.883 276.754.932.055.490.592 291.190.862.7

"90.6101.1"53.2

75 7

81 967 786.783.185. 170.577.481.5

97.9i 72 7

111 769 387.682.271 093.377 384.1

57 576 741.080.056.6

73.284 0

1 70'. 4

82.682 3

(3)84 986.284 0

38.0

1.02

545 013374, 056170, 957

696, 97787, 1961,071

! 751 45! 78i 83

8149

88.987.794. 148.864 936.733.179.173.265.1

69.5213.575. 175.891.494.4

104.858.066.357.482 874.053.929.354.392.890 290.685.561.8

«85. 895.5

"52. 170 8

81 667 282.683.982 668. 177.179.2

96 671 5

106 767 687.081.769 789.076 385.7

53 677 039 981.655.6

73. 185 071.0

79.082 2

(3)80 586.384 6

30.5

.87

549 203380, 701168, 502

702 03787, 978

1, 065

724376837848

87.987 589 748.462 835.733.078.170.565.3

68.9197.774 973.389.195 0

104.855.066 054.282 073.852.029.451 689.191 389 092.465 4

«83.792.3

«49.275 3

80 167 979.670.281 071.877.679.4

92 672 9

108 568 386 282.370 487.676 282*4

49 577 142 782.754.7

72 885 671.0

77.882 5

(3)78 686.283 7

26.6

.88

531 034350, 764180, 270

707, 54691, 065

1,048

724075827848

82.481 486.748.063 034.333.075.772.465.9

66.6164.773.671.685.895.6

105.455.465.754.779 071.751.128.750.985.372 962.793.462.9

«75.582.1

"43.976 0

80.670 176.764.277.575.176.675.7

94.374 2

108 957.486.781.971 484.473 980.9

56.978 242.381.853.3

72.585 870.9

81.783 5

(3)80.084.482.9

26.4

.94

498, 151309, 745188, 406

713, 66292, 5571,035

754275838352

81 479 788-347 761 236 033.375.876.465.0

66.9157.174 171.982.896 0

106.653.765 152.878 171.850.029.248 881.790 788.891.362 5

« 69. 374.7

°38.276 1

79 469 376.350.276.975.679.077.1

94.873 5

111 868.785.481.272 081.975 980.2

58.579 343.379.551.8

72.285 870.3

82.684 3

(3)80.384.281.7

25.1

.80

450, 322281, 087169, 235

715, 60693, 322

0 1, 028

764473838453

S3 482 388 647 360 736 332.677 282.165.4

67. 3175.574 972.884.095 7

107 751.765 750 777 071.051.930.047 g87 490 288 290 861 1

«70.477.4

"35.972 1

78 265 974.862.479 474 180 576.3

89 170 3

113 067 785 580.170 9

°83.075 979.5

60 779 843.278.849.5

71.885 569.9

83.785 1

(3)75.883.780.3

"24.7

.66

426, 603267, 152159, 451

707, 30793, 827

999

754473838194

0 Revised. 3 Not available.* For earlier data see the following references: Employment in Baltimore, Milwaukee, Maryland, and Massachusetts, and Federal civilian employment, total United

States, pp. 18 and 19, December 1932; employment in banks and brokerage houses, etc., Federal and State highway employment, dyeing and cleaning establishments, andlaundries and employment in Chicago, pp. 19 and 20, June 1933; Pittsburgh employment, p. 18, January 1934; Cleveland employment, p. 19, July 1934; trades-union membersemployed, p. 18, of the December 1932 issue.

! 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 laundriesand dyeing and cleaning establishments, p. 20, August 1934. Data prior to that given above on retail and wholesale trade employment not published, excepting for thefew additional months given on pp. 6 and 7,

• Figures represent the condition as of the end of the month shown. They have been pushed back from the data published as of the first of the following month by theDepartment of Agriculture. This method was followed since September 1932. Figures shown previous to that date in the Survey are as of the first of the month.


February 1935 SUEVEY OF CURRENT BUSINESS 29


1934

Decem-ber

1933

Decem-ber

1934

January |J?yU~ March April May June July August SG&I™- October N°bveerm-

EMPLOYMENT CONDITIONS AND WAGES — Continued

LABOR CONDITIONSHours of work per week in factories:*!

Actual, average per wage earner hours..Labor disputes: t§

Disputes numberMan-days lost numberWorkers involved number

Labor turn-over (quarterly):*Accessions percent of no on pay rollSeparations:

Discharged percent of no. on pay rollLaid off percent of no on pay rollVoluntary quits percent of no on pay roll

PAY ROLLSFactory unadjusted (B. L. &) *__ 1923-25 = 100-

Chemicals and products 1923-25=100..Chemicals - -.1923-25 =100. .Druggists' preparations 1923-25=100..Paints and varnishes 1923-25= 100. .Petroleum refining 1923-25 =100_.Rayon and products 1923-25=100

Food and products . . . 1923-25 = 100. .Baking .. 1923-25 = 100..Beverages 1923-25=100..Slaughtering, meat packing. .1923-25 =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—100Boots and shoes 1923-25=100..Leather -- ...1923-25= 100

Lumber and products 1923-25= 100. _Furniture 1923-25 = 100Mill work 1923-25 = 100Sawmills 1923-25=100-Turpentine and rosin . 1923-25 = 1 00

Machinery 1923-25=100Agricultural 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._Aluminum manufactures 1923-25= 100..Brass, bronze, copper prod. „ 1923 -25 =100..Stamped and enamel ware.. .1923-25=100..

Paper and printing 1923-25 =100Paper and pulp 1923-25=100..

Railroad repair shops 1923-25=100..Electric railroads 1923-25=100 .Steam railroads- 1923-25 =100. .

Rubber products 1923-25=100..Rubber tires and tubes 1923-25= 100. .

Stone, clay, and glass products.!923-25=100..Brick, tile, and terra cotta. .. 1923-25 =100. _Cement 1923-25=100Glass 1923-25=100—

Textiles and products 1923-25=100Fabrics — 1923-25 = 100-Wearing apparel 1923-25=100

Tobacco manufactures 1923-25=100Transportation 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 = 100Chicago*- 1925-27 = 100..Milwaukee* - ... .. .1925-27= 100New York* 1925-27 = 100Philadelphia*! 1923-25=100Pittsburgh* 1923-25=100..

Factory by States:Delawaref ...1923-25=100Illinois 1925-27 = 100..Maryland* .. .1929-3 1 = 100Massachusetts*! 1925-27= 100. _New Jersey! 1923-25=100New York - 1925-27=100Pennsylvania! 1923-25= 100. _Wisconsin 1925-27=100-

Nonmanufacturing (Department of Labor):Mining:

Anthracite 1929=100Bituminous coal 1929 =100. _Metalliferous . . .. 1929=100Petroleum, crude production. _ _ 1929 =100. .Quarrying and nonmetallic 1929=100..

Public utilities:Electric railroads 1929=100..Power and light 1929=100Telephone and telegraph 1929=100..

35.0

63.291.790.094.878.197.8

240.192.998.7

135.098.447.746.539.779.669.163.786.533.345.924.620.050.260.291.252.2

49.7132.061. 556.255.679.186.584.244.458.443.566.060.034.415.324.171.975.380.261.349.967.776.431.557.2

66.445.066.460.368.553.4

63.748.272.158.464.768.057.962.5

52.357.029.459.523.6

62.378.373.2

33.8

30404, 993

13, 152

11 31

.6211 342.18

54.584.986.692.968.889.4

220.984.489.6

130.882.043.743.034.281.581.155.778.831.040.122.020.048.949.159.839.8

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

59.674.467.7

34.3

31616, 46530, 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

59.273.869.0

35.5

39789, 55318, 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 A54.4

65.854.626.050.521.0

60.174.467.9

36.4

541,091,023

37,700

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

49.9101.556.864.256.375.877.778.648.558.647.970.563.434.713.724.174.682.680.881.445.884.598.139.752.4

70.641.458.662.161.952.7

69.045.274.560.661.958.356.858.9

82.458.925.952.524.1

62.275.670.4

36.1

812,280,164

73, 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

54.4108.958.967.059.880.879.781.353.059.252.773.467.638.816.430.680.879.879.376.146.292.2

107.443.053.9

75.342.059.760.962.555.2

69.546.878.760.762.759.058.759.6

51.751.427.253.429.9

62.976.868.8

35.5

942,221,390

73, 355

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 5is!i35.875.874.174.968.146.388.0

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

63.077.671.4

35.4

1031,903,450

67, 859

13.07

.6911.002.97

64.888.196.190.386.393.1

200.091.996.5

182.587.262.668.942.794.172.970.579.833.941.224.123.251.061.676.151.8

55.5117.457.959.158.480.178.978.553.859.653.566.561.138.819.339.973.466.466.961.747.578.185.853.160.2

77.645.565.856.261.365.4

71.449.979.955.064.757.061.364.0

53.355.126.756.937.0

63.277.871.3

34.1

832,076,334

54, 697

60.488.796.686.178.895.7

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

75.445.861.855.361.350.6

71.248.077.154.363.155.755.562.1

42.349.725.160.035.0

63.881.172.3

33.5

1011,775,814

69, 198

62.190.096.589.977.997.2

213.2105.197.8

185.099.045.544.041.893.678.779.176.133.542.723.122.151.357.868.350.2

50.3123. 153.240.851.270.878.478.848.558.547.958.849.934.916.835.468.268.164.770.649.369.976.547.056.4

68.845.261.159.461.755.5

67.448.672.655.064.456.956.960.7

39.750.427.061.234.0

62.879.974.0

33.3

10.31

.569.533.00

57.989.992.192.375.896.3

215.5109.399.6

167.0109.241.137.340.596.269.267.773.633.944.621.822.352.255.366.748.0

46.7127.054.041.448.766.780.379.645.656.944.956.147.634.716.133.967.457.549.170.950.351.954.336.757.0

68.946.156.760.860.449.4

67.848.673.047.564.157.352.857.8

47.051.425.959.732.4

62.479.372.2

34.0

61.091.692.499.178.197.9

217.2103.498.3

157.2107.042.839.240.882.564.360.476.935.247.224.122.645. 157.074.449.3

47.6137.857.551.149.570.482.783.246.857.146.258.349.635.516.932.469.474.773.173.449.049.452.031.656. 2

66.246.458.861.864.252.2

70.549.870.553.163.957.256.560.8

48.357.828.260.832.1

63.080.674.9

33.9

59.590.990.796.878.596.8

231. 696.198.6

142.2100.744.241.741.279.461.054.682.033.644.524.021.347.957. 285.750.0

46. 6131. 558.853.851.371.982.882.644.457.443.557.650.435.616.529.472.071.172.564.148.8

« 48. 451.3

«30. 054.0

67.743.760.759.666. 151.4

64.247.472.5

« 51.963.356.156.260.2

51.258.328.559.029.4

61.879.672.2

° Revised.* For earlier data on the following subjects refer to the indicated pages of the monthly issues as follows: Hours of work and labor turn-over rates, p. 20, October 1932; pay

rolls, Baltimore, p. 18, December 1932; pay rolls, Chicago, p. 20, June 1933; pay rolls, Milwaukee, p. 18, December 1932; pay rolls, New York, p. 20, June 1933; pay rolls,Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh, p. 18, January 1934; pay rolls, Maryland and Massachusetts, p. 18, December 1932. Data on factory pay-rollindexes, by classes shown on p. 18 of June 1934 issue. See also p. 19, July 1934.

t Revised series. For revisions on the following subjects refer to the indicated pages of the 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, August 1933; pay rolls, New Jersey and Pennsylvania, p. 19,September 1933. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue.

§ Data for 1933 revised. See p. 29 of the September 1934 issue.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

30 SUEVEY OF CURRENT BUSINESS February 1935


1934

Decem-ber

1933Decem-

ber January Febru-ary March April May

1934

June July i August Sepbef"| OctoberNovem-

ber

EMPLOYMENT CONDITIONS AND WAGES—ContinuedPAY BOLLS— Continued

Nonmanufacturing (Department of Labor}— Con.Trade:

Retail f 1929 — 100Wholesale f _ . _ 1929=100-.

Miscellaneous:Banks, brokerage houses, etc.*t-1929 = 100__Dyeing and cleaning*! 1929=100Hotels _ _ . 1929 =100. _Laundries*t 1929=100__

WAGES-EARNINGS AND RATESFactory, weekly earnings (25 industries):*!

All wage earners _ _ _ dollars..Male:

Skilled and semiskilled _ dollars __Unskilled dollars-

Female dollarsAll wage earners . _ ..- 1923= 100. _

Male:Skilled and semiskilled 1923 = 100. _Unskilled 1923 = 100

Female 1923=100Factory, 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 = 100_.Illinois 1925-27 = 100..Massachusetts*! 1925-27=100New Jersey .1923-25= 100. _New York 1925-27=100..Pennsylvania 1923-25 = 100Wisconsin . .1925-27= 100. _

Miscellaneous data:Construction wage rates: *§

Common labor (E.N.R.)—Ao\. per hour...Skilled labor (E.N.R.) dol. per hour...

Farm wages, without board (quarterly)dol. per month _ _

Railroads, wages dol. per hourRoad-building wages, common labortfl

United States dol per hourEast North Central . dol. per hour .East South Central dol. per hour..Middle Atlantic dol. per hourMountain States . dol. per hour..New England dol per hourPacific States dol. per hour..South Atlantic . dol. per hourWest North Central dol. per hour..West South Central dol. per hour

Steel industry:U S Steel Corporation _ dol. per hourYoungstown district percent base scale. .

66 064.8

(3)51 164.963.3

20 71

23 0416. 5815 0977.8

74.874 487 5

593

. 656486

.428

76 3

78'f)88 981.678 475 2

.5411.12

26. 69

40.52.3042

. 5542

.57

.32

.48

.34

485101.5

64 060.9

87.447 357.661.1

18.57

21. 1015.2713 4869.8

68.568 578 2

550

.609

.450

.407

75 166.771 284.777.471 563.3

.5201.06

24.90.616

38.45.23

39.4739

.58

.25

.3831

.440101.5

59 060 3

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

3745

.23414840

.58

.21

.3829

440101.5

58 861 0

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

.25424941

.5723

.3632

440101.5

59 862 0

(3)51 766 662.7

20.49

22 8716.9514 6377 0

74.376 184 9

561

.615465

.419

75 471.276 485 480.876 772 1

.5271.07

26.88609

4250

.3042

.5544

.5731

.4135

440101.5

61 263 1

(3)60 866 564 4

21 00

23 4617 4114 7178 9

76.278 185 3

579

.633479425

75 872.175 986 780.678 272 2

.5341.08

610

435130415546

.5731

.4135

485101.5

61 562 6

(3)65 165 966 9

20 79

23 2516.8814 6378 1

75.575 884 9

586

.646486

.428

75 373.675 887 380.782 674 0

.5341.10

600

4351

.3041

.5544

.5731

.4335

485101. 5

61 462 8

(3)64 166 268.3

20. 70

23 2217.0414 5877.8

75.476 584 6

586

.648480

.429

76 374.174 387 080.281 374.3

.5341.10

27.29599

4351

.3041

.5543

.57

.31

.4235

485! 101. 5

60 163 8

(3)58 965 668 2

19 92

22 3816 4714 3674 9

72.773 983 3

587

.649484

.429

77 172.675 285 379.874 469 3

.5301.10

596

4250

.30415643

.5832

.4334

485101.5

58 462 7

(3)56 764 566 6

19 59

21 7315 9614 2473 6

70.671 682 6

588

.650481425

76 371.775 486 580.977 071 2

.5301.11

612

415030415643

.5831

.4534

485101. 5

60 663 6

(3)59 064 365 9

19 53

21 6016 0114 0873 4

70.171 981 7

591

.654481430

75 470.777 586 480.274 069 4

.5351.12

27.83629

41'5030425644

.5832

.4534

485101.5

61 964 5

(3)59 165 364 8

20.01

22.4116. 3114.3875.2

72.873.283.4

.593

.656

.487

.428

78.072.872.586.979.576.973.5

.5361.12

.616

.41

.51

.30

.42

.5542

.58

.32

.4634

485101.5

fi1 864 2

(3)53 964 963 7

« 20. 07

22. 55« 16. 21

14. 39"75.4

73.272.883.5

.594

.658«. 490.428

75.472.372.487.379.176.773.0

.5391.12

.41

.51

.3042

. 5542

.57

.32

•s.485

101. 5

FINANCE

BANKINGAcceptances and com'l paper outstanding:

Bankers' acceptances, total mills, of dol. _Held by Federal Reserve banks:

For own account _ .mills, of dol.For foreign correspondents-mills, of dol._

Held by group of accepting banks, totalmills, of dol. .

Own bills .mills, of dol_.Purchased bills mills of dol

Held by others mills, of dol._Com'l paper outstanding mills, of dol..

Agricultural loans outstanding:Farm mortgages:

Federal land banks mills of dolJoint stock-land banks mills, of dol._Land bank commissioner*.. .mills, of dol._

Federal intermediate credit bank loans toand discounts for: A

Regional agricultural credit corp's andproduction credit ass'ns mills, of dol._

All other institutions mills, of dol._Other loans:

Agricultural marketing act revolving fundloans to cooperatives! mills, of dol_.

Banks for cooperatives, inch CentralBank* .mills, of dol

Emergency crop loans* (1921-1934)mills of dol__

Prod. cred. ass'ns* mills, of dolRegional ag. credit corp.* mills, of dol__

543

1

59724325446

166

1 896

617"

10090

55

28

786187

764

1274

442223219190109

1 21439271

7376

158

19

90(i)

145

771

1054

56725531295

108

1 288381120

7575

70

15

810)

145

750

565

581266315108117

1 371370174

7771

69

15

73(i)

146

685

235

57625232481

133

1 458349238

8670

68

16

684

145

613

34

536236299

70139

1 484345259

10370

67

17

8414

145

569

3

50722628159141

1, 549335311

12070

55

19

9028143

534

2

48022026053151

1, 631320379

12771

55

21

9139138

516

1

47222225042168

1,690306430

128«73

55

21

9150129

520

1

48322226137188

1,746295478

12574

55

23

9258118

539

1

50322328035192

1,792285516

11873

55

23

9161107

562

1

51624527146188

1,829121552

10583

57

25

835897

561

1

51725226544178

1,866

587

10188

57

25

785891

i Less than one million. Data shown in thousands appeared in the Oct. 1934 issue. Joint-stock land banks in liquidation. These figures will no longer be reported.3 Not available.* New series. For earlier data on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls, banks, brokerage houses, etc., p. 19,

June 1933; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933; factory weekly earnings, p. 20, October 1932; factory hourly earnings, p. 18,December 1932; weekly earnings, Massachusetts, p. 18, December 1932: construction wage rates, p. 19, September 1933. Earlier data on additional series of agriculturalloans outstanding will be shown in a subsequent issue.

p. 20, August 1934; factory weekly and hourly earnings revised for 1933. See p. 20 of the July 1934 issue. Certain classes of loans included in figures shown through May1934 have been reclassified by FCA and removed from the agricultural loan category. Data prior to that given on retail and wholesale trade pay roll not published, except-ing for the few additional months given on pp. 6 and 7.

# Beginning with March 1932 method of computing rates was changed.1 Increase in wage rates during March 1934 was due to provisions of title I, sec. 204, par. 2, item C of the National Recovery Act, which required State highway depart-

ments to fix minimum wage scales.§ Construction wage rates as of Jan. 1, 1935, common labor, $0.538; skilled labor, $1.11.* Breakdown of figure shown in issues up to November 1934.




1934

Decem-ber

1933

Decem-ber

1934

January Febru-ary March April May June July August Septem-

berOctober Novem-

ber

FINANCE—ContinuedBANKING— Continued

Bank debits, total mills, of doL.New York City _ mills, of doL.Outside New York City ..mills, of doL.

Brokers' loans:Reported by N. Y. Stock Exch. mills, of dol_.

Ratio to market value percent..By reporting member banks:

To brokers and dealers inN. Y.* mills, of dol

To brokers and dealers out-side N Y * mills of dol

Federal Reserve banks:Assets, total. mills, of dol _ _

Reserve bank credit outstandingmills, of dol._

Bills bought mills, of doL.Bills discounted mills, of dol._United 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 doL.Time mills, of dol -

Investments mills, of dol__U. S. Gov. direct obligations* •

mills, of dol__U. S. Gov. guaranteed issues**

mills, of dol._Other securities * • _ mills, of dol_.

Loans, total mills, of dol_.Acceptances and commercial paper* A

mills, of doL.On real estate* At mills, of doL.On securities mills, of dolOther loans* ̂ mills, of dol__

Interest rates:Acceptances, bankers' prime percent..Call loans, renewal percent..Com'l paper, prime (4-6 mos.) percent..Discount rate, N. Y. F. R. Bank.. .percent..Federal land bank loans percent--Intermediate credit bank loans percent. .Real estate bonds, long term __ _ percent. _Time loans, 90 days percent--

Savings deposits:New York State ... mills, of dol._U. S. Postal Savings:

Bal. to credit of depositors ..thous. of dol_.Balance on deposit in banks .thous. of dol_.

FAILURESCommercial failures:

Total . number--Agents and brokers numberManufacturers, total . number..

Chemicals, drugs, and paints. .number. .Foodstuffs and tobacco number _Leather and manufactures number. .Lumber numberMetals and machinery number. .Printing and engraving number--Stone, clay, and glass numberTextiles _ number. _Miscellaneous number __

Traders, total numberBooks and paper number. _Chemicals, drugs, and paints. -number--Clothing __ numberFood and tobacco numberGeneral stores number. _Household furnishings numberMiscellaneous number __

Liabilities, total thous. of dol _Agents and brokers thous. of dol__Manufacturers, total thous. of doL.

Chemicals, drugs, paints. .thous. 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 dolHousehold furnishings thous. of doL.Miscellaneous thous. of dol__

30, 88015, 21415, 666

8802.59

598

54

8,442

2,46367

[2,4305,4014,4058,4424 4054,0963,22170.8

13, 6854 388

10, 575

7,192

5832,8007,646

436977

3 0813, 152

H1.0094-11.50

2.00

94-1

5,154

1,207,183527, 594

963100225

4257

322614122976

6386

55129274266088

19,9114,5037,578

3627173

1,652991281138350

3,7867, 830

51478

1 7192,942

311678

1,651

26, 30113, 01313, 288

8452.55

665

44

7,041

2,68813398

2,4373,7943,5697,0412 8652,7293,08063.8

10, 9524 3518,200

5 205

8,385

1 1853 612

%.94

1M-1H2.005.002.96

%-m5 064

"1,208,887914, 235

1 132100258

623132827161129

1057741180

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

6,989

2,63011183

2,4343,7923,5576,9893 0352,6522,92663.6

11,1184 3678,772

8,349

H1.00

IK-I1^2.005.002.98

1-1H5 067

"1,200,802902, 225

1,364118295

730122443202034

1059511878

21233034

125154

32, 9055,5299,265

34380195991

1,228568503

1,1234,243

18, 111231826

2,2717,164

5402,1464,933

25, 01513, 23111, 784

9382.56

7,309

2,5676264

2,4324,1403,9317,3093 2653,0932,98066.3

11, 3984,3709,215

8,185

%1.00

\y±-\%' 1.50

5.003.00

94-1

5,076

"1,200,049883, 705

1,04985

2481323132725179

2992

7161062

10428325

108124

19, 4454,3315,943

831207164

1,170284508140580

2,0599,171

127781

1 2542,769

2241,7322,284

29, 68515, 60814, 077

9812.67

7,669

2,5452954

2,4474,5374,3367,6693 6533,4573,03867.8

11, 7944,4199,311

8,161

M-H1.00

1-1H1.505.002.74

94-1

5,122

"1,199,985"855, 533

1,102106301

623194033161722

125695

1468

101264

2313194

27, 2284,880

12, 239165378339

2,6001,159

5041,0992,1833,812

10, 108217812

1 0833,124

4572,4671,948

31, 23116, 95314, 278

1,0882.99

7,953

2,4859

392,4314,8434,3037,9533 9823,5993,06068.8

12, 2214,4549,326

8,136

H-K1.00

1-1 M1.505.002.50

3/4-1

5,097

"1,197,488806, 163

1,052102281

6327

3638101326

113669

125988

2762095

11925, 7875,319

10, 30022548986

1,6383,237

126194601

3,70410, 168

198609894

4,424278

1,2222,543

28, 75714, 65214, 105

1,0163.00

8,028

2,4635

312,4304,8994,6838,0284,0233,7463,06969.1

12, 4264,4559,280

8,026

H-1A1.00

11.505.002.26

%-l

5,090

"1,196.907730, 051

97799

2467

327

2626101027

1016321164

109250

2468

10622, 5613,3509,674

62331178

1,5791,334

140348951

4,7519,537

80739

1 0043,875

1751,0912,573

30, 14215, 38814, 754

1,0823.14

8,175

2,4725

252,4325,0224,8088,1754 1383,8403,10169.4

12,5044,5019,723

8,014

H-H1.0094-11.505.002.00

94-1

5,134

"1,197,920694, 575

1 03395

2796

279

324117124788

659145791

2982264*

11323, 8683,9689,581

252344468

1,4121,703

412432

1,3613,197

10, 319152467

1 3573,957

317802

3,267

27, 75213, 84213, 910

9233.00

8,161

2,4625

222,4325,1544,9308,1614,2954,0293,07769.9

12, 7454,4889,889

7,873

H-H1.0094-11.505.002.00

94-1

5,114

1,190,288643, 600

91298

2354

2311372595

4081

5798

6871

251206893

19, 3264,4166,786

309146138975766778192717

2,7658,124

135870790

3,222123839

2,145

25, 70512, 28513, 420

8742.68

8,197

2,4645

232,4325,2205,1018,1974,3124,0523,13470.1

12, 9264,5109,906

7,802

tf-H1.0094-11.505.002.00

94-1

5,054

1,192,199596, 937

92995

2375

22113232165

3284

597126965

275196592

18, 4603,4017,489

22192220

1,2911,543

175146998

2,9027,569

225714587

3,505145943

1,449

24,00911, 12212, 888

8322.57

8,220

2,4646

152,4315,1964,9808,2204,2573,9343,16770.0

13, 0834,471

10, 017

7,794

#441.0094-11.505.002.00

94-1

5,145

1,192,764573, 022

79064

2144

199

35269

111982

5129

4166

230316471

16, 4401,7357,467

291178365

1,8921,737

85365673

1,8817,238

177436504

3,362320988

1,451

26, 75012, 28614,465

8272.62

693

153

8,229

2, 4556

112,4305,2124, 9898,2294 2624,0063, 16170.2

13,4764,474

10,030

6,639

5292, 8627,807

456986

3 0512,862

H-Me1.0094-11.505.002.00

94-1

5 128

"1,198,578"559, 918

1 091117258

6287

9428121130

112716

368

1073352265

11619 9684,47?5,927

3826373

1, 654333139312418

2 6979 564

57568994

4,087532

1,0542,272

24, 75111, 34313, 408

8312.45

660

155

8,332

2,4536

112,4305,3175,1078,3324 3134,0813,21370.6

13, 6274 392

10, 059

6 715

5552,7897, 705

452979

3 0173 257

H1.0094-11.50

2.00

94-1

5 119

1, 203, 437544, 755

923103223

316103019127

3096

5971

62106270

125294

18 3504,9886,396

2023794

1,018342183316481

3 7056 966

5634

1 0272,567

1551,1171,461

« Revised. • Rate changed Oct. 20, 1933, and Feb. 2, 1934.* New series. Earlier data for Federal Reserve member banks shown on p. 18 of the January 1934 issue except as noted below. These data cover 90 cities and supersede

Ikeprevious 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 whichdiscontinued reporting. New series on brokers' loans not available for periods not shown. For brokers' loans by reporting New York City member banks see November1934 and previous issues. See special notes below on Federal Reserve member bank loans and investments.

§ 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 onFeb. 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, $24,056,000 on July 31, $24,000,000 on Aug. 31, $21,798,000 on Sept. 29,$22,032,000 on Oct. 31, $20,137,000 on Nov. 30, and $19,060,000 on Dec. 31, 1934.

* These 3 series represent a break-down of the "Investment total." Monthly data previous to October 1934 not available.* Data on acceptances and commercial paper, on real estate and other loans represent a break-down of the "All other" loans total which has previously been shtfwn.

Tf nrldfirl. t.hp.v priva a t.nt.a.1 nnmnarftblft to fiemrfls fnrmarlv nrASP.ntfid.




1934

Decem-ber

1933


ary March April May

1934

June July August Septum- October Novenber

FINANCE—Continued

LIFE INSURANCE(Association of Life Insurance Presidents)

Assets, admitted, totalf mills, of doL.Mortgage loans mills, of doL.

Farm mills, of dol__Other mills, of doL.

Bonds and stocks held (book value):mills, of doL.

Government mills of dolPublic utility mills, of dol~Kailroad mills, of dol..Other mills, of dol__

Policy loans and premium notes mills of dolInsurance written :f

Policies and certificates thousands. _Group thousandsIndustrial thousands--Ordinary thousands

Value, total thous. of dol_Group thous of dolIndustrial thous. of dol..Ordinary thous. of dol

Premium collections! thous. of doL-Annuities thous. of doLJGroup 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 dolFar 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 pesoBelgium dol. per belgaBrazil dol. per milreisCanada dol. per Canadian dolChile dol. per peso..England dol. per £_.France dol. per franc__Germany dol. per reichsmark..India - dol. per rupeeItaly dol. per liraJapan _ dol. per yen-Netherlands dol. per florin _ _Spain dol. per peseta--Sweden _ _ _ _. dol. per kronaUruguay dol. per peso__

Gold and money:Gold:

Monetary stocks, U. S__ mills, of dol__Movement, foreign:

Net release from earmark-thous. of dol._Exports 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, world •... thous. of fine oz._

Canada thous. of fine oz__Mexico thous. of fine ozUnited States --thous. of fine oz

Stocks, refinery, end of month:United States thous. of fine oz__Canada thous. of fine ozNET CORPORATION PROFITS

(Quarterly)Profits, totalf mills, of dol

Industrial and mercantile, total mills, of dolAutos, parts and accessories— mills, of dolFoods -_. mills, of dol__Metals and mining mills of dolMachinery _ _ _ mills, of dolOil mills, of dolSteel and railroad equip mills, of dolMiscellaneous mills, of dol

Public utilities! - - mills, of dolRailroads, class I (net railway operating

income) _ mills, of dolTelephones (net op. income) -..mills, of doL.

1,26054

922284

838, 57671, 394

239, 873527, 309

590251

5971

209

6.330.234.082

1.013.102

4.95.066.402.372.085.288.676.137.255.802

8,191

61140

92, 249

92, 170866, 037119, 864

5,577

1,0148,711

.54416, 2041,1876, 4002,917

1,1462,743

17, 2175.6491.2344,415

6,6251 8351,6942,585

5112,948

1,09647

773275

715, 25655 693

194, 030465, 533324, 87730, 0129,226

113, 588172, 051

5482175667

208133

758217086

1 006.096

5.12.061.373384082307

.629

.128264746

4,323

11, 78010 8151,687

2,652894 156184, 622

5,811

5904,977

43613, 0591,1315 3911 562

5,2741 758

309 272 5

d 6 120.59 01 6

18 7d 10. 1

38 956 9

132 647.2

17, 2995,6121,2144,398

6,7041,8911,7102,589

6112,947

1,03929

766244

665, 45732, 673

197, 108435, 676249, 88425, 5639,060

59, 051156, 210

4722024353

174

6 335.220086995

.0955.05.062.376380083

.301

.636

.130260

.758

•» 4, 323

12, 2064 7151,947

9,438907 641116, 543

5,669

8593,593

44214, 8241,3686 0002 025

7,2752 055

17, 3455,5681,1934,375

6,7631,9451,7122,588

6162,936

1,01515

752248

648, 07326, 862

196, 816424, 395224, 676

19, 9257,765

51, 121145, 865

4712034554

169

b 336.229085992

.0965.03.065.389379086

.298

.660

.133

.260

.788

» 7, 137

68, 65351

452, 622

521, 223826 363

68, 8455,339

7342,128.452

13, 4271,3515 4131,903

8,9192 389

17, 3605,5111,1644,347

6,7941,9671,7162,584

5272,924

1,22830

894304

787, 62833, 241

228, 107526, 280251, 11922, 5579,724

54, 012164, 826

5712445563

209125

*> 340.233085998

.1015.09.066.397383086

.300

.673

.136

.263

.802

7,602

-83744

237, 380

236, 499874 11293, 2225,368

6651,823

45913, 6401,0854 4952 791

10, 6452 141

r> 315 094 631 820.69 23 12.8

d 10.938 059 1

112 249.1

17,4175,4571,1434,314

6,8682,0221,7192,587

5402,915

1,17846

841291

794, 49562, 214

220, 366511,915245, 09925, 0308,255

52, 340159, 474

5812485567

211

* 344.234086

1 002.103

5.15.066.396388086303

.679

.137

.266

.806

7,736

-1,13337

54, 785

53, 615865 82297, 751

5,366

1,4251, 955

45216, 5191, 0157 8222 389

11, 8652 423

17, 4875,3981,1244,274

6,9192,0471,7272,586

5592,907

1,20134

868299

791, 54440, 989

226, 013524, 542244, 28128, 7428,250

48, 018159, 271

5882515668

213

6 340.234086

1 002.103

5.11066

.395383085302

.679

.137263

.806

7,759

4891 780

35, 362

34, 071898 418101,217

5,355

1,6384,435

44216, 1311, 5437 0652 303

7,1742 449

17, 5565, 3351,1014,234

7,0102 1161, 7322, 592

5702, 898

1,13251

805276

762, 49057 812

211, 473493, 205246, 41429, 2667,813

54, 523154, 812

5562335866

199118

* 337234085

1 008.102

5.05.066.383379086

.299

.678

.137260

.803

7, 821

9866 586

70, 291

64, 691868 129

94, 4395,341

2,4045,431

45214, 871

9636 4612,312

7,9072 630

p 364 1v 145 3

46.224.88 45 45.8

v 14.839 9

v 55. 1

113 6P50.1

17, 6595,2721,0764,196

7,1332 2031,7402,606

5842 893

1,04226

766250

694, 25946 795

202, 256445 208252, 57233, 2468,885

54 072156, 369

4982134860

177

6 336234084

1 012.103

5.04066

.385379086298678

.133260801

7,893

588114

52, 460

52, 934876 094141, 910

5,350

1 7892,458

46313, 6671,3595 3211,853

7,8652 402

17, 7255,2011,0474,154

7,2002 2361,7502,617

5972 889

1,07325

793255

699, 87939 628

212, 380447 871234, 66233, 5018,350

49, 111143, 700

4842084759

170

6 338237085

1 024.103

5.07.067.395381087

.300

.684

.138

.261

.810

7,971

-1,05514 55651, 781

36, 170881 861

93, 2125,355

1,74121, 926

.49015, 4811,3786 5362,087

5,0682 257

17, 7985,1411 0234,118

7 3922 4071,7542,619

6122 886

88016

654211

551 55621 087

170, 935359 534211,89222, 7607,870

50 772130, 490

4001624052

146

b 333237083

l' 029.103

4.99067

.403376087298686

.138258812

7,971

2,41922 2553,585

-16,251857, 442144, 313

5,427

1,42420, 831

.495°15, 032

1,5126,0981,786

5,4652, 739

*>87.4?20. 2

24.06.43.89.5

d 16.439 946.6

115 9

17, 8915,0771,0014,076

7,5172 5031,7582,626

6302 880

1,10425

821258

694,71836 206

216, 439442, 073245, 25227, 1658,344

55, 301154, 442

4952134958

175

P. 330. 23508?

1 021.103

4.94.066.405.371.086.287.681.137.255.806

7,989

2602 173

13, 010

11,097885, 627153, 887

5,473

1,16214, 425

.524°15, 436

1,0396 8212,099

4,4192 593

17, 9824,999

9714,028

7,6032 5771,7842,630

6122 869

1,06121

784256

676, 75728 137

205, 463443, 157236, 51436, 7717,845

48, 392143, 506

4762064657

167

P. 333.233082

1 025.104

4.99.066.402.375.085.291.676.137.257.802

8,047

-85310

121, 199

120, 804"878, 847

96, 3655,494

1,69815, Oil

.543°15, 269

1,517C6, 2411,976

«9162,955

- Or exports (—). <* Deficit. O Preliminary.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 March 1934 issue.* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issue, 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.• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series previously presented in the SURVEY covered

the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929, 87.1; 1930, 85.5; 1931, 82.0; 1932, 75.5; and 1933, 77.5.# 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.* 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 resulted from revaluation of the dollar to 59.06 percent of former gold content.





1934

Decem-ber

1933


ary March April May

1934

June July August Septem-ber October Novem-

ber

FINANCE—Continued

PUBLIC FINANCE (FEDERAL)Debt, gross, end of month mills, of doL. 28,479Expenditures, total (inch emergency) cf

thous. of dol— 663,725Receipts, total 1 thous. of dol- 439,088

Customs... thous. of dol.. 32,428Internal revenue, total thous. of dol.- 333,785

Income tax thous. of doL. 163,057Reconstruction Finance Corporation loans out- |

standing, end of month:* §f iGrand total thous. of dol_J2,690,032

Total section 5 as amended, .thous. of doL.j 1,309,206Bank and trust companies, including re-

ceivers _.thous. of dol_- 632,209Building and loan assoc thous. of dol__ | 20,082Insurance companies thous. of dol.. I 24,829Mortgage loan companies.thous. of dol--| 160, 591Railroads, incl. receivers..thous. of dol-J 376,555All other under section 5__thous. of dol—j 94,940

Total emergency relief and construction act jas amended thous. of dol—I 473,312

Self-liquidating projects._.thous. of dol—| 122,743Financing of exports of agricultural sur- |

pluses thous. of dol—i 15,176Financing of agricultural commodities,

and livestock thous. of doLAmounts made available for relief and

work relief thous. of dol.Total bank conservation act as amended

thous. of doL.Other loans thous. of dol_.

CAPITAL ISSUESTotal, all issues (Commercial and Financial

Chronicle) _ _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 doL.Laud, 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 doLFarm 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 MARKETSPrices: Bonds

All listed bonds (N. Y. S. E.) ..dollars..; 90.73Domestic issues dollars..! 92. 57Foreign issues dollars. J 81.58

Domestic (Dow-Jones) (40) 1percent of par 4% bond..! 83.91

Industrials (10).—percent of par 4% bond.. 80.06Public utilities (10)

percent of par 4% bond.. 96.18Rails, high grade (10)

percent of par 4% bond.J 107.47Rails, second grade (10) \

percent of par 4% bond. J 64. 61Domestic! (Standard Statistics) (60).dollars__| 100.0U. S. Government (Stand. Stat.)*^.dollars_J 105.53Foreign (N. Y. Trust) (40)„.percent of par..;

Sales on New York Stock Exchange:Total thous. of dol. par value. _ 272,869

Liberty-Treas thous. of dol. par value..! 52,667Value, issues listed on N. Y. S. E.: \

Par, all issues.. ..mills, of dol—! 44,816Domestic issues. mills, of dol_, j 37,307Foreign issues mills, of doL.I 7,508

Market value, all issues.. mills, of dol.J 40,660Domestic issues mills, of dol.J 34,535Foreign issues mills, of dol.J 6,125

.; 297,774

865, 08342, 431

186,127186,127

047, 2594,038

18, 5000000

1,36023,072

29018,300

120, 568

140,941140,94134, 861M 0

106, 080Ml 0

45,18512,398

184, 80047, 259

1,327

23,814

725,086341, 77624,994

302,432128, 289

2,258,5361,550,115

711,43266, 23860, 929

177,850337, 078196, 595

437, 43863,452

25, 068

997,022229,11826,306

182,40515,850

2,515,9861,584,689

700, 63062, 82056, 269

178,944340, 724245,309

26,052 26,158

643,9653,024,210

23, 275174,03624,803

2,571,4551,561,335

690,46559, 55354, 058

167, 316345,176244,774

623,592434, 555

23,122390,353228,526

2,654,838 2,701,2061,498,661

651,17655,22651, 553161,098345,179234,435

26,118 j 26,155

'2,983,939[ 563,226199,278 246,80123,792 21,041153,364 I 194,29421,075 23, 776

2,734,6071,465,359 1,438,924

620,47049,97038, 249187,475344,932224, 269

606, 07244,48635, 397190, 870344, 695217,409

514,031 i 538,245 | 556,231 | 561,147 ) 571,63171,497

6, 894 9, 043

68,077 ! 134,476

71,218

10, 052

80,196

11,051

82,667 i 88J446

12,314 12,749

157,973 165,993 • 167,268 ! 171,875

299,014 ; 299,014 299,014 j 298,991 i 298,897 '. 298,560

264,190 410,473 j 465, 081 I 593, 041 656,178 704, 0176, 789 j 6,789 6, 789 | 6,900 ; 19, 519 , 20, 031

1 75, 717 I'• 75, 717 |

016,150 I15,351 !

0 i0 i0 ;0 !0 !

550 10 I

250 !14,250 ;44,166 j

'57,150 !> 57,150 !15, 601 |

'41,550 |0 !

' 18, 567 !550 i

90, 24390, 243

07,4835,983

00000

1,50000

28,00054,759

47, 77547, 7755,9835,00036, 792

042, 4671,500

60,116 ! 84,26016,150 | 1,50015,601 | 5,983

302,474 ! «140,31274,979 ; 86,175

86, 98486, 984

015, 3663,366

00000

12,00000

8,90062,718

79,12179,12113, 0587,00059,063

07,8632,308

85, 92615, 3661,058

'75,68125, 395

71.85 I 75.64

83.07 | 89.05

57.28 ! 64.4183.6 | 88.3

100.95 ! 101.4361.47 | 67. 73

83.34 j 86.84 88.2785.11 i 88.77 90.1275.90 j 78. 65 80. 43

77.8569.64

80.18

95.19

71.2292.9

102. 7470.22

373,85223, 606

41, 73733, 7757,96236,84330,4406,403

267, 25941,865

413,391 |70,264 j

41,829 I 41,761 |33,815 !8,014 |34,861 i28,778 !6,083 j

33,792 !7,969 |36,264 !29,996 I6,268 !

146,879146,879

0 i26, 340 ;

4,609 !0 :0 !0 i00

15,000 ],6,481 i

250 i25,000 i95,540

97,276 !97,276 !13, 770 I3,000 !80,506 J

0 !49,603 j12,569 ;

142,270 !26,340 i4,609 l

236,245235,045 i1,20087,524 '5,195

00000

5,58376,746

045,000103,722 :

143,404 j143,404 I28,241 !

15,000100,164

092,841 !59,283

231,55087, 5244,695

'104.757 >112,453 I59,341 ; 18,850 \

89.15 i 90.4691.09 ! 92.54 !

80.89 i 81.57 I

79. 73 !72.34

83.42 i76.72 i

81.98 | 87.37 j

97.46 | 100.50 !

71.9795.1

103. 7466. 78

324,464 i47,980 i

41,72733,7717,95537,19830, 7646,435

73.94 i97.0 |

104.6667.78 I

141,872141,872

031, 7816,199

00000

8,00017, 582

032, 50077, 591

102, 733102, 73328,82312, 50061, 410

039,1392,958

138,63128, 5403,241

80,92139, 596

90.1792.3280.79

82.9376.07

88.34

101. 57

71.8497.6

105. 3466.54

356,85955,486 i 65,488

41,765 !33,851 i7,915 !37,781 |31,325 j6,456 j

42,40634, 5047,90238, 23931, 8556,384

27,053

749, 347411,33720,837362, 243186,161

2,883,6001,436,187

598,90940,44334, 748192,151353, 382216, 559

27,189

478,859232, 71219, 331195,59221, 709

27,080 | 27,190

523, 078297, 25622,952229, 54822,924

462,034515,38336,174379, 738171,177

2,714,040 12,691,917 2,680,898 2,654,9551,336,592 ! 1,297,412 1,289,672 1 OM "QQ

582, 20036, 89332, 619184, 790354, 447145, 643

594,90531, 49431, 678162, 081343,189134, 064

591,97228, 25230,722160,767343,287134,672

612,189 i 571,964 I 533,864 j 505,902111,18493, 010

13,947

206, 672

298, 559

814, 70820, 511

305, 522305, 522

033,167

42000000

4,00019, 7479,000

158,900113,455

122, 506122, 5069.42011,500101, 586

0183,01623, 747

96,062 ! 107,287

15,185 14,985

162, 175 | 113,068

298,542 I 298,524

781,436 i 803,28024,048 j 57,362

373,362373, 362

0145, 779

1, 56931040040000

43,500100,000

0135,00092, 583

216, 645216, 64520, 279105, 00091, 366

0156, 717125, 500

258,810208,81050, 00018, 01910, 500

00000

6,3151,204

0164,11126, 680

179, 548179,5488,019

153,11118, 418

079, 26210,000

14,954

81, 538

27.188

771,530302, 28730, 509209, 69719.189

1,283,439

583, 45225, 20529,982159, 327353,170132, 303

474,255112,291

15, 271

48, 687

298,227 i 298,006

827, 660 837,92957,664 59, 391

'185, 22960,474

90.8093.1680.15

83.8976.57

103. 47

71.4599.0

105. 9066.04

260, 50764, 643

43,55435,6637,89039, 54733, 2236,324

296,102 j 371,783 • 258,81023,747 125,500 18,0199,420 1,579 0

49,24718,852 j

'128,27160,478

89.7992.0079.59 ;

84.1277.55

92. 59

104. 68

69.9299.3

106.4765.10

263,75069,290

43,96436,1137,85139, 47333, 2256,249

91.1378.97

81.0676.83

102.19

69,24669,246

017,1871,300

00000 I

13.187 !1,200 |1,500 !13,00039,059

43,37543,3754,387

036.188

025,87210,000

64,19717,1872,300

41,97499,050

88.2790.0579.89

78.9774.31

90.33

157, 574157,574

031, 3909,390

00000

20, 0002,000

083,00043,184

121,903121, 903

39083, 00038, 513

035, 67131,000

157,18431, 390

390

« 70,48813,986

89.3991.2380.61

81.2575.40

92.76

99.70 103.25

64. 59 62.1397.8 96. 7

105.42 103.4764.39 65. 60

317,140151, 220

44,33736,5157,822

39,45433, 2776,177

285,009128,605

43,90336,185

7,71738, 75132, 5866,165

64.5298.4

104. 6965.94

278, 23898, 503

44, 08336,461

7, 62239,40633, 2626,144 j

27, 299

656,589292, 21928, 376

189,11922, 528

2, 671, 3781, 295, 928

599,39723,25929, 420

155, 874361, 506126, 471

466,125117, 077

14, 992

36, 332

297, 774

849,81959, 506

141,668131, 66810,00029,800

60000000

28,0001,200

010,00091,868

107,036107,036

8,22710, 000

034, 63221, 573

141, 66829, 800

0

79,79222,420

89.8591.6880.97

82.0577.13

95. 39

104. 68

63.4998.8

104.8567.17

250,09456,359

44,14436, 612

7, 53339,66533, 5666,099

« Revised.* New series. For earlier data see p. 20 of the August 1933 issue, Reconstruction Finance Corporation excepting the item "other loans" which appears first in December

1934 issue and p. 20 of the June 1933 issue, U. S. Government bond prices.f Reconstruction Finance Corporation data have been revised for the year ended June 1934. Revised figures for period October 1933-June 1934 shown above; July-

September 1933 revised figures have not been published. Figures subsequent to June 1934 are preliminary. Revised series for July 1931-February 1933 appeared on pp. 19and 33 of the April 1933 issue (domestic bond prices).

§ This excludes relief grants to States by the R. F. C. under the Emergency Relief Act of 1933 upon certification of grants by the Federal Emergency Relief Adminis-trator. These amounted to $499,251,915 on Dec. 31, 1934.

t Includes $2,808,221,138 for February, $2,233,252 for March, $409,051 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843 forSeptember, $173,702 for October, $116,585 for November, and $132,296 for December representing the increment resulting from reduction in weight of gold dollar.

0 The figure for expenditures includes $2,000,000,000 exchange stabilization chargeable against increment in gold.c? Series revised to include emergency expenditures. Figures as shown in Survey for months prior to May 1932 are comparable with this series. Comparable figures

or the period May 1932 to March 1933 are on p. 33 of the monthly issues, from June 1934 to November 1934. Later data are in monthly numbers.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


December 1931,

data, may be foundment to the Survey

1934

Decem-ber

1933

Debceerm" January

1934

an/11" Marcla ' April May June July j AugustI ''. \ i 1 i

Septem-ber October Xo

bveerm'

FINANCE—Continued

SECURITY MARKETS— Continued

Bonds— ContinuedYields:

Domesticf (Standard Statistics) (60). percent _ _Industrials (15). percent. .Municipals (15) f percent. _Public utilities (15) percent--Railroads (15) percent-.

Domestic, municipals (Bond Buyer) (20)percent..

Domestic, U. S. Government:U. S. Treasury bills:

91-day bills** percent..182-day bills** percent

U. S. Treasury bonds* percent..

Cash Dividend and Interest Paymentsand Rates

Dividend payments (AT. Y. Times)thous. of dol..

Industrial and miscellaneous. -thous. of dol—Railroad thous. of dol

Dividend payments and rates (Moody' s):Dividend payments, annual payments at

current rate (600 companies) ..mills, of dol—Number of shares adjusted millionsDividend rate per share, weighted average

(600) dollarsBanks (21) dollars..Industrial (492) . dollarsInsurance (21) dollarsPublic utilities (30)— dollars, _Railroads (36) — dollars

StocksPrices:

Dow-Jones:Industrials (30) . dol. per sharePublic utilities (20) dol. per share _Railroads (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 = 100Industrials (351) 1926=100Public utilities (37) 1926 =100—Railroads (33) 1926=100

Standard Statistics:Banks, N. Y. (20) — 1926=100Fire insurance (20) 1926=100

Sales, 2V. Y. S. E thous. of shares-.Values, and shares listed, 2V. Y. S. E.:

Market value all listed shares. .mills, of dol._Number of shares listed _. millions

Yields:Common, Standard Statistics (90) ._ percent ._

Industrials (50) percent. _Public utilities (20) percent--Railroads (20) percent--

Preferred, Standard Statistics:Industrials, high grade (20) percent--

Stockholders (Common Stock)

American Tel. & Tel Co , total numberForeign . _ _ _ . number..

Pennsylvania Railroad Co., total numberForeign.. number..

U. S. Steel Corporation, total number. .Foreign number .Shares held by brokers percent of total

4.404. 883.524.474.70

3.81

. 152. 97

231, 750209, 080

22, 670

1, 168. 7918.08

1.273.731.061.781 901.21

101.618.036.5

85.07141. 4628. 68

69.280.358. 235. 8

49. 173.2

23, 588

33, 9341, 305

4.253.767.843.68

5. 48

674, 7397,826

232, 9983, 156

191,4464,08319.44

5.636.684.895.405.54

5.48

.70 ;3.53

191,995165, 02326,972 i

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

.67

3.50

201, 854174, 709

27, 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

4.905.704.48 i4.754.66

4.74

.63

.853.32

212,413188, 24424, 169

1,063.4926. 87

1.153.58.88

1.67.206.98

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

4.745.51 :4.214.654.56

4.56 '

.08 ;27 ;

3! 21

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

5.96

671, 0527,563

235, 8093,174

186, 6123,77019.01

4.615.284.114.584.46

4.27

.08

.183.12

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

4.565.29 i3.934.574.47

4.17

.06 :

. 143.01

264, 155246, 149

18, 006

1, 094. 5929. 04

1.183.58

.941.701.98.98

95. 323.143.6

82.66131.1734. 1571.879.669. 843. 3

58.665. 2

25, 343

33,8171,294

3.583.255.832.54

5.78

4.475.193.734.514.45

4.01

.072.94

217, 544182, 79434, 750

1, 105. 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

3.553.295.442.49

5.73

675 4267,686

233, 8263,165

190, 7453,78519. 73

4.45 ,5.103.754.474.47

4.05

.082.85

113,295107, 860

5,435

1,113.4918. 05

1.213.77.96

1.711.971.20

94.522.240.7

83.00133. 8732.1271.479.769.241.2

57.866.8

21,116

30, 7521,294

3.673.385.732.69

5.67

4.555.123.814.574.68

4.15

.202.99

245, 625230, 336

15, 289

1, 128. 9918. 08

1.233.77.98

1.711.981.20

91.620.535.4

79.16130. 4627.8667.876.764.635.6

53.465.1

16, 693

32,6181,310

4.003.606.303.71

5.71

j

4.635. 223.844.64 i4.82

4.21

.273.20

162, 704158, 368

4,336

1, 131. 1918. 08

1.233.77.98

1.711.981.20

90.519.835.1

78.76129. 9527.5667.075.763.735. 1

48.165.0

12, 636

32, 3201,313

4.213.836.533.76

5.79

675, 4107,743

233, 7073,151

192, 2143,80219.03

4.51 4.485.09 4.993. 69 3. 574. 56 4. 534. 68 4. 82

3. 94 3. 89

.21 .223.08 3.05

140,477 343,031135,419 319,129

5,058 23,902'

1,137.1 1,163.9918.08 ; 918.08

1.24 1.273. 77 3. 77

. 99 1. 031.71 i 1.711.98 i 1.981.20 1.21

93.5 99.319.8 i 18.835.7 35.8

81.71 85.14135.32 : 141.6228.11 ; 28.6767.3 i 69.476. 4 ! 80. 162.9 ; 60.735.6 i 35.3

48.7 : 51.667.3 j 72.4

15,660 ; 20,868

31,613 : 33,8881,305 1,305

4. 22 \ 4. 143.83 i 3.706.71 7.143. 70 i 3. 72

5.79 j 5.64I

I

j

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=100Total, 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 dol—Europe thous. of dol—

France.. thous. of dol—Germany thous. of dol—

45434141

• 170,676

6, 66344. 29423, 30969, 346

9,935, 4, 646

51484142

10993

192, 638

5,89940, 87818, 259

102, 20812, 12913. 577

45444242

9372

172, 174

3,94035, 90316, 76390, 03013, 20015. 728

43474142

8063

162, 805

4,99934, 22914, 92682, 18210, 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, 574

7,06438, 39316,31067, 6188,1408.230

43483943

4646

161, 787

8,50235, 93512,81261,8146,3797.703

45493739

4654

171,965

6,65938, 13213, 85768, 7286,4766.803

50484143

6561

191,660

7,99640, 11919, 97786,91210, 3347.443

54 ! 5145 ! 4540 ! 4739 i 47

82 7370 ; 58

206,352 : 194,901

5,757 ! 7,29046,883 i 41,83726,994 ! 22,84695, 100 i 88, 54110, 512 9, 1316.275 5,063

* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years.)See special note below on yield on U. S. Treasury bills.

t Revised series. For earlier data see pp. 19 and 33, of the April 1933 issue, yield on domestic and municipal bonds.§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December, 1933, and January 1934

issues. For revised data for months of 1933 see p. 20 of the September 1934 issue.• Monthly data on yields from 91-day bills for period December 1929 to May 1934 are shown on p. 20 of January 1935 issue. Data on yields from 182-day bills not avail-

able prior to February 1934.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Monthly statistics through December 1931, I 1034together with explanatory footnotes and refer- iences to the sources of the data, may be found j Decem-in the 1932 Annual Supplement to the Survey j ber

1933

Decem-ber

1934

January j Febru- March April May June | July August Septem-ber ! October Novem-

ber

FOREIGN TRADE—Continued

VALUE— ContinuedExports, incl. reexports— Continued.

By grand divisions and countries— Contd.Europe— Continued.

Italy thous. of doL.United Kingdom thous. of dol—

North America, northern thous. of dol__Canada thous. of doL.

North America, southern thous. of doL.Mexico thous. of doL.

South America thous. of doL.Argentina. thous. of dol—Brazil thous. of dol—Chile thous ofdol..

By economic classes:Exports, domestic thous. ofdol—

Crude materials thous. of dol—Raw cotton mills, ofdol—

Foodstuffs, total thous. ofdol—Foodstuffs, crude thous. of dolFoodstuffs, rnfgd thous. of dol—

Fruits and prep .mills, ofdol—Meats and fats _ _ .mills, of dol—Wheat and flour mills, o fdo l—

Manufactures, semi- thous. of dol—Manufactures, finished thous. of dol—

Autos and parts mills, of dol—Gasoline mills, of dol—Machinery ... mills, of doL-

Imports, total S thous of dolImports for consumption* thous. ofdol—

By grand divisions and countries: # c?Africa __thous. of dol—Asia and Oceania. .. thous. of dol—

Japan thous. of dol—Europe thous. of dol._

France. ..thous. of doL.Germany thous. of dolItaly .. thous. of dol—United Kingdom thous. ofdol—

North America, northern thous. of doL.Canada thous. of dol—

North America, southern thous. of dol—Mexico. _ _ . thous. of dol—

South America... thous. of dol. _Argentina thous. of dol—Brazil thous. of dol—Chile thous. of dol—

By economic classes: # <$Crude materials thous. of dol—Foodstuffs, crude - --thous. of dol—Foodstuffs, manufactured thous. of dol._Manufactures, semi- thous. ofdol—Manufactures, finished thous. ofdol—

4,82128, 48621, 37921, 00915, 8424, 407

13, 1522, 9463,2251, 271

108, 467£4, 520

35.015, 6693,621

12, 0485.44.11.4

30, 30967, 970

12.43.4

19.1132, 252126, 231

1, 96126, 5357,032

37, 0235,1675,0562,9057,743

24, 43223, 68519,4413, 484

16, 8393,7066, 3051, 685

28, 83918, 59729, 19021, 01828, 587

6,72843, 87818, 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

15.8133, 518127, 170

2,58739, 47610, 37242, 2926,8916,8942,9158,252

22, 08321, 2009,6753,295

17, 4062,3158,2561,018

36, 23318, 45823, 91027, 23627, 680

5,75432, 24419, 09618, 81212, 3424,136

10, 8642,9422,938

545

169, 53160, 402

41.522, 6937,294

15, 3998.46.13.1

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

6,29127, 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, 4734.45.1

29, 36183, 440

21.55.8

19.2146, 517141, 137

3,70051, 74610, 18637, 5453,8985,7382,912£,008

16, 50616, 2719,7203,110

21,9213,0767,1273,784

41, 00921,91623, 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

4,27524, 38027, 28126, 76114, 6564,762

13, 5973,8923, 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

4,95130, 69427, 85227, 25714, 0734,765

16, 5224,4373,9651,329

169,83239, 662

17.822, 0715,287

16, 7847.75.83.0

29, 40878, 690

15.34.1

20.2119,515117, 288

2,26034, 3688,805

35, 7884, 1985,5152,7717,649

19, 26018, 75910, 6512,962

14, 9611,1596,6711,038

34, 23717, 74813, 10022, 97329, 230

5, 09340, 11925, 37024, 85015,9764, 614

15,3183, 7123, 9791,181

189, 23766, 437

32.220, 0594,060

15, 9997.15.42.0

29, 72973,012

14.03.8

18.8131, 659149, 755

1,96037, 29011,91341,9804,3585,8543,130

10,43321, 07820, 64829, 016

2,50918,4322,0068,648

972

38, 61223, 02334, 31924, 24929, 552

6,22647, 03627, 42026, 87517, 4185, 910

13, 7744, 1352, 9611,045

203, 62282, 879

43.421, 8735,342

16, 5319.04.91.7

28,81870, 053

12. 44 2

is!?129, 629137, 859

2,62036, 83910, 24240, 5664,5605, 7193,4028,215

22, 49721,66115, 3142,165

20, 0232, 222

10, 2191,940

35, 09022, 72624, 06826, 10329, 872

8,44540, 53626, 65526, 03815, 4854,506

15, 0923,7804, 3591,645

192, 32171,744

39.218, 4584,589

13, 8695.45.61.7

30, 41271 , 707

11.04.1

20.6150, 919149,412

2,48842, 70911,81847, 862

6, 1655,6754,113

10, 37721,97421,60213, 2802,279

21, 1002,3029, 5081,912

40, 11723, 44024, 32627, 44734, 082

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATIONExpress Operations

Operating revenue thous. of dol—Operating income thous of dol

Electric Street RailwaysFares, average (320 cities). cents..Passengers carried t -- thousandsOperating revenues _ _. thous. of dol

Steam RailroadsFreight carloadings (F. R. B.):

Index, unadjusted- 1923-25 = 100Coal— . 1923-25 = 100Coke. .1923-25 = 100-Forest products 1923-25 = 100. .Grain and products 1923-25—100Livestock 1923-25=100Merchandise, 1. c. 1 1923-25=100..Ore .1923-25=100Miscellaneous . 1923-25=100

Index, adjusted ..1923-25=100Coal 1923-25 = 100Coke 1923-25=100-Forest products 1923-25 = 100Grain and products.. . 1923-25=100Livestock 1923-25=100-Merchandise, 1. c. 1.. -1923-25= 100..Ore 1923-25=100Miscellaneous 1923-25-100

Total cars K _ ._ thousandsCoal thousandsCoke thousandsForest products . thousandsGrain and products thousandsLivestock . thousandsMerchandise, 1. c. 1 . thousandsOre thousandsMiscellaneous thousands

6, 126754, 459

567654265751628

55647151325851663471

2,5926153092

12582

72116

912

7,090133

8.143741, 119

566959265847648

55636555315947683371

a 2, 587"580

34« 92

°13075

a 74415

"917

6,641140

8.143750, 249

587767266553658

55646861306851703469

2,1785193173

11870

61512

739

6,590142

8.143698, 933

618586316546658

58647876306848673467

2,3095754087

12061

62712

785

7,052136

8.143790, 773

638271336340671064668771327546664167

3,05973045

11814867

82819

1.105

7,011136

8.143833, 230

605748335748671968626850317452653866

2,3354012397

10665

66429

950

7,392122

8.143751, 053

636158356149675970636958337552653968

2,44242727

10111265

66083

967

6,961149

8.143697, 676

645856347846658771646656339054654868

3,07850234

12317477

789166

1.214

6, 826 7, 079136 118

8. 143 8. 143640, 278 654, 485

635538309570648365616343307984654662

2,3463731883

17189

613125875

6357353184956573645958392970

107654359

2,4203831789

160124638116892

7, 421139

8.143654, 649

67

?53176

103676369596345306387643958

3,14258126

110174171797122

1.163

7,521141

8.126736, 686

8.126702, 067

64 6069 ! 7046 4431 2965 6083 6466 6542 1470 6357 5960 6445 4330 3058 5662 5563 6430 2060 64

2, 531 2, 353484 • 494

22 i 2290 : 85

122 111114 90653 i 640

69 i 26978 ; 885

* New series. Earlier data on value of imports for consumption will be shown in a subsequent issue. a Revised,t Revised series. For earlier data see p. 19 of the August 1933 issue.# Beginning with January 1934, import data represent imports for consumption and are not comparable with earlier figures, which consist of general imports. See expla-

nation on p. 9 of the March 1934 issue.1 Data for December 1933, March, June, and September 1934, are for 5 weeks; other months 4 weeks.<f Data revised for 1933. See p. 20 of the October 1934 issue.




1934

Decem-ber

1933


ary March April May

1934

June July August Septem-ber October Novem-

TRANSPORTATION AND COMMUNICATIONS — Continued

TRANSPORTATION— ContinuedSteam Railroads— Continued

Freight-car surplus total thousandsBox - thousands _.Coal thousands. _

Equipment, mfrs. (See Trans. Equip.)Financial operations (class I railways) :

Operating revenuesf thous. of dol._Freightt thous. of dol__Passengerf thous. of doL.

Operating expenses! - thous. of dol_.Net railway operating incomef-thous. of doL.Operating results (class I roads):

Freight carried 1 mile - mills, of tons..Receipts per ton-mile cents..Passengers carried 1 mile -. .millions. .

Waterway TrafficCanals:

Cape Cod thous of short tonsNew York State thous. of short tons..Panama, total ..thous. of long tons_.

U. S. vessels . thous. of long tons_.St. Lawrence . thous. of short tons--Sault Ste. Marie thous. of short tons..Suez ..thous. of metric tons-.Welland thous. of short tons..

Rivers:Allegheny thous. of short tons-..Mississippi (Government barges)

thous. of short tons..Monongahela thous. of short tons..Ohio (Pittsburgh to Wheeling)

thous. of short tons..Ocean traffic:

Clearances, vessels in foreign trade!thous. of net tons..

Foreignf thous. of net tons. .United Statesf thous. of net tons._

Shipbuilding. (See Trans. Equip.)

TravelAirplane travel:

Express carried* pounds.-Miles flown* thous. of miles..Passengers carried* number--Passenger miles flown* thous. of miles ..

Hotel business:Average sale per occupied room dollars..Rooms occupied percent of total

Foreign travel:Arrivals, U. S. citizens.. ._ number .Departures, U. S. citizens number..Emigrants - numberImmigrants number. .Passports issued .number

National parks:Visitors numberAutomobiles . .number

Pullman Co.:Passengers carried thousands-Revenues, total thous. of doL.

• COMMUNICATIONSTelephone (class A companies) :#

Operating revenues _ - thous. of dol

395228117

2540

39300

142'

147

p 751,049

632

2 9254

4, 959

! 37, 404i 7, 656

i

Station revenues thous. of dol .!Tolls, message -thous. of dol

Operating expenses thous. of d o l . _ ; _ _ _ _Operating income . ._ -thous. of dolStations in service, end of mo.__ thousands..

Telegraphs and cables:Operating revenues thous. of d o L _ ; - _ _ _ _ _ _ _

Commercial telegraph tolls thous. of dol '>Operating expenses - _. -_thous. of dolOperating income ..thous. of doLJ .

463 I264 i141 i

245, 330191, 667 |29, 312

187,081 i37,764 |

22,001 i.961

1,491 i

2350

2, 192 :922 i

6172 i

2,405131 j

201

1061,387

705

4,5092,8411,668

172, 8543,386

26,71110, 411

2 8651

11,97910, 7073,1872,3243,922

36, 1207,761

1,3333,552

80, 66254, 22919, 81858, 77715, 00914, 449

9,0766, 9708,101

561

434248129

258, 006208, 780

27, 200195, 84930, 931

23, 762.969

1,346

2620

2,087846

00

2,4550

158

651,277

824

4,3542,8881,466

155,7263, 439

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, 201: 2, 725; 1, 475

^ 147,6233, 004

27, 624: 10, 476

: 2.95i 57

15, 334! 18, 433! 2, 077! 1,714| 4, 190

57, 5269,344

1,1323,385

78, 53353, 22018, 34154, 78015, 79914, 523

8,2766,272

! 7, 360| 513

35721093

293, 178240, 991

27, 440209, 25152, 038

27, 793.966

1, 343

2170

2,4651, 119

00

2,4350

133

821,427

788

4,7173,1231,594

135, 3542,399

22, 6068, 717

2.8354

20, 79514, 8992,3042,3246, 541

81, 70712, 453

1,2273,740

82, 61555, 01520, 50757, 76316. 621

! 14, 581

9,5577,3967,9251,222

368211106

265, 391214, 266

27, 045200, 18732, 265

23, 4721.0151,377

250140

2,2911,038

5413

2,534254

174

901,404

897

4, 8603,0981,762

150,3832, 451

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

734

35521393

282, 024228, 58726, 575

210, Oil39, 495

25, 2601.0071,340

274550

2,3031,008

9795,7452,3921, 287

248

1061,592

888

5, 7393, 4922, 247

153, 3312, 699

35, 89914, 409

2.7458

19, 47918, 0032,3433, 126

19, 760

132, 03031, 626

1, 1223,334

1 83,34955, 42820, 799

i 58, 56416, 220

! 14, 685

! 9, 5231 7, 397! 8, 168! 943

34320493

282,779225, 70931, 555

208, 31341, 836

25, 212.994

1, 612

243557

1, 769835901

7, 9012, 151

i 1, 236

280

1011, 683

918

! 5, 996' 3, 818

2, 177

170,2753,655

43, 29217, 897

2. 8654

18,, 21318,, 9843, 0332,975

24, 279

287, 72178, 928

1,3033, 978

348201111

275, 984221, 29132, 187

208, 48435, 221

24, 2571.0111,778

206519

1,936770977

7,5222,1941,334

282

1091,030

698

6,0233,8592,165

163, 3424,118

48, 17218, 153

2.8452

24, 06526, 6423, 5152,777

12, 294

570, 295145, 887

1,2803,710

9,4777,3728,154

910

8,7506,7187,961

381

359209119

282, 679224, 83732, 801

211, 70639, 677

25,402 i.985

1,854 |

223627 i

8666,990 i2,4031,273 |

261 ;!

120 !1,088

599

6,5414,2602,282

198, 9024,189

54, 83521, 358

2.9854

49, 34148, 6964,0043,7857,591

531, 734163, 074

1,4033,928

31819594

275, 511220, 49230, 607

203, 80041, 020

25, 885.943

1,695

214465

9246,1452,3031,171

222

113944

569

5,8553,6662,188

206, 3273,660

44, 72818, 875

2.9157

43, 92737, 5334,7103, 5855,599

385, 14754, 624

1,3543,892

32820785

292,903 !238,79228,572

212,57348,625 ;

26,497 i.980

1,543

272726

1,0365,0062,7071,331

213

100963

584

5,6913,6662,025

221, 9054, 019

48, 477i 20, 838

2.96: 61

24, 97620, 825

2, 6303, 5865, 059

i 74, 70916, 830

: 1, 2053, 790

381224109

256, 967208, 547

24, 846197, 87231,583

23, 708

264£59

8842,6272,4241,253

181

0 100977

597

5,2963,4021,893

206, 3273,660

44,72818, 875

3.0358

5,046

38,7297,375

1,1313,310

i j

9,3247,2268,024

895

8,6866, 6577,664

620

9, 1306, 984

! 7, 906822

8,4436,4777,639

405

CHEMICALS AND ALLIED PRODUCTS

CHEMICALSAlcohol:

Denatured:Consumption (disposed of)

thous. of wine gal_Production thous. of wine gal-Stocks, end of month, .-thous. of wine gal_

Ethyl:Production thous. of proof galStocks, warehoused, end of month

thous. of proof gal.Withdrawn for denaturing

thous. of proof gal.

i

I

7,1725, 6911,114

15, 396

15, 606

8,776

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

9,668

i [

5,228 i 5,6805,259 i 6,1921, 076 j 1, 580

12,731 i 13,478

24, 375 25, 893

8,666 1 10,148

j ;

i 5,589 i 6,448 6,7605,540 6,731 6,943

i 1,527 i 1,801 1,978

12,998 i 13,702 i 13,823

i 27,971 ; 28,967 , 29,788

1 9,248 11.359 11.684

10, 0489,8411,763

15, 636

27, 094

16. 456

i

j

|

iI

« Revised.* New series. Data on airplane travel covers scheduled airlines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-miles

flown from 1930 to 1933 see p. 20 of the February 1934 issue. For data on mile? ilown and express carried from 1926 through 1933, see p. 19 of the January 1935 issue.f Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways. For

revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue.# Preparation of report turned over to Federal Communications Commission which has not yet compiled its initial report.p Preliminary.




1934

Decem-ber

1933 1934

January March April May June July August October ber

CHEMICALS AND ALLIED PRODUCTS—Continued

CHEMICALS— ContinuedAlcohol— Continued:

Methanol.Exports, refined -gallons..Price, refined, wholesale, N. Y_dol. per gal_.Production:

Crude (wood distilled) * f A - --gallons-Synthetic gallons--

Explosives:Orders, new* thous. of lb_.

Sulphur and sulphuric acid:Sulphur production (quarterly) * long tonsSulphuric acid (104 plants) :

Consumed in prod of fertilizer short tonsPrice, wholesale 66°, at works

dol. per short ton..Production short tonsPurchases:

From fertilizer mfrs short tons__From others short tons__

Shipments:To fertilizer mfrs short tons..To others short tons.-

FERTILIZERConsumption, Southern States f

thous. of short tons..Exports totalf long tons.

Nitrogenousf long tonsPhosphate materials]- long tons..Prepared fertilizers long tons

Imports total|# long tonsNitrogenous! - long tons__

Nitrate of sodaf long tonsPhosphates! _ - long tons..Potashf -- - -- long tons .

Price, nitrate of soda, 95 percent, N. Y.dol. per cwt__

Superphosphate, bulk:Production . short tons..

38, 211.38

22, 635

15.50

97127, 08113,615

107, 313312

91,80742, 08517, 0852,411

44, 015

1.275

Shipments to consumers short tons jStocks, end of month . short tons.-!

NAVAL STORESPine oil:

Production gallons..Rosin, gum:

Price, wholesale "B", N. Y.__dol. perbbl...Receipts, net, Sports ..bbl. (5001b.)__Stocks, 3 ports, end of month .bbl. (500 lb.)__

Rosin, wood:Production bbl. (500 lb.)__Stocks, end of month bbl. (5001b.)_.

Turpentine, gum:Price, wholesale, N. Y dol. per gaL.Receipts, net, 3 ports bbl. (50 gal.) ~Stocks, 3 ports, end of month.bbl. (50 gal.)..

Turpentine, wood:Production bbl. (50 gal.) —Stocks, end of month bbl. (50 gal.)..

OILS, FATS, AND BYPRODUCTSAnimal fats and byproducts (quarterly) :

Animal fats: tConsumption, factory thous. of Ib

317,912

5.25122, 173321, 660

41,016105, 339

.5222, 834

106, 971

6,29016, 819

Production thous of IbStocks, end of quarter thous. of Ib

Gelatin, edible:Production thous. of IbStocks, end of quarter thous. of Ib

Greases: fConsumption factory thous of IbProduction thous. of IbStocks end of quarter thous. of Ib

Lard compounds and substitutes: fProduction _._thous. of lb__Stocks, end of quarter thous. of lb._

Fish oils (quarterly) : tConsumption, factory thous. of lb._Production thous. of lb_ _Stocks, end of quarter thous. of lb__

Vegetable oils and products:Vegetable oils, total:

Consumption, factory (quarterly) tthous. of lb_.

Exports thous. of lb_.Importst# thous. of lb._Production (quarterly) f thous oflbStocks, end of quarter: f

Crude thous of IbRefined thous. of Ib

Copra and coconut oils:Copra:

Consumption, factory (quar.) short tonsImports^ __ short tonsStocks, end of quarter short tons..

37234, 200

27, 674

145, 657.37

300, 303962, 185

23, 318

313, 283

150, 097

15.50155, 695

36, 18123, 763

26, 50738, 008

19081, 35916, 82459, 887

131124, 50366, 55423, 508

1,82951, 600

1.295

322, 78318, 329

1,089,179

243, 196

4.6581, 627

210, 771

40, 43373, 151

.4717, 35281, 269

6,91616, 433

150, 625584, 315362, 138

3,6028,594

50 73385, 46396,957

241, 39027, 301

36, 23852, 785

158, 892

789, 7952,578

55, 176812, 793

761 369801, 536

77, 94430, 18259. 831

106, 358.38

360,822979, 686

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

I.52

4,98568, 786

7,97018, 020

!

101, 484.38

337, 983690, 961

25, 584

149, 236

15.50139, 615

20, 15127, 300

21, 24222, 793

499109, 93814, 24091, 639

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

135, 279.38

366, 052916, 872

27, 725

291, 366

133, 983

15.50132, 549

16, 94527, 766

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

177.809- 6927,340

417.599

....

4, 269 2, 52491, 959 66, 010

23, 786 18, 079

4,8869,561

64, 94088, 154

| 84, 600

1 240,73926, 599

38, 16633, 158

158, 396

829, 2292,138

51, 535640, 075

716, 692870, 068

74, 69721, 69849, 190

57, 259.38

342, 307754, 980

26, 958

107, 842

15.50119, 619

12, 15822, 721

21, 92630, 240

76498, 29418, 04374, 287

206178, 430133, 70680, 4664,158

35, 845

1.350

232, 936209, 026806, 914

305, 273

5.5669, 496

156, 447

45, 45490, 329

.5917, 31546, 465

' 7, 72920,289

38, 556.38

324, 063897, 294

24, 231

83, 969

15.50107, 568

5,73518, 793

14, 31225, 894

157113. 752

2; 646106, 354

426103, 72371, 05739, 3215,847

17, 310

1.350

168, 50985, 508

820, 096

293,807

5.4997, 905

; 161,001

i 43, 243! 98, 080

.561 24, 658i 42,570

7, 050| 20, 689

i |

\\

1, 773 92370,163 56,668

f"

12, 037 24, 519

52,612.38 i

298,165922, 551

24, 812

289, 089

80,214

15.5092, 894

3,44126, 577

10, 24225, 783

51 I105,285

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

65, 43920, 59935. 386

28,348.38

256, 136939, 439

23, 384

83, 079

15.5088, 049

7,41125, 951

14, 59621, 991

2683, 3824,577

75, 600273

69, 28543, 57610, 9761,495

19, 265

1.350

147, 0849,711

871, 093

261, 410

5.31116, 019200, 649

37, 037105, 286

.4831, 14855, 171

5,54719, 016

77, 732 j.38 I

253, 612951, 834

26, 063

77, 404

15.5097, 478

13,04817, 060

28, 11129,587

48126, 11016, 553

108, 475405

48, 44218, 535

1501,541

25, 845

1.350

152, 56621, 831

875,320

282, 242

5.31109, 234218, 256

38, 537105, 887

.4632, 47365, 510

5,90419, 078

44, 937.38

260, 4021,079,910

25, 489

314, 199

85, 915

15.50116,120

21, 13612, 560

31, 05623, 594

101109, 98229, 59176, 987

17469, 17624, 666

9313,141

38, 963

1.275

188, 007108, 752880, 238

312, 375

5.3089,289

244, 968

43, 095108, 933

.4626, 85671,778

6,79819, 817

228. 9451 4fi5. 719

i382, 938

1 . 570

41,941.38

297, 7591,309,086

26, 892

137, 357

15.50149,968 !

38, 16427, 249

39, 79734, 938

126135,588 !27, 121

104, 143350

81, 56031, 579

1,2121,786 !

44, 422

1.275

276, 44463, 486

957, 279

300, 544

5.4292, 482

260, 040

39, 785109, 812

.5225, 16186, 020

6,28818, 504

48, 945.38

309, 7391,789,970

25, 108

143, 282

15.50159, 781

39, 33022, 796

41, 52028, 615

88118,43721, 09393, 509

26582, 12138, 7287,1952,001

35, 276

1.275

307, 65324, 965

1, 078, 044

303, 686

5.25100, 257272, 027

41, 884108, 244

.5322, 99994, 189

6,54818, 752

fi. fl/ifi '

""I'OST; 883"68, 665 41, 302

~~~3~735~ "I6~079~

60, 99281, 95469 600

352,96524, 964

33, 59568, 374

189, 492

479, 8731,161

55, 213416, 559

548, 547502, 427

45, 0008,624

16. 772

234"53, 935

" 42760, 028

1i

5,177 20, 606

a Revised.* New series. For earlier data see p. 20 of the April 1933 issue (crude methanol) and p. 19 of January 1934 issue (explosives).1 Figures revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue for earlier data.# See footnote on p. 35 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.t Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20

of the September 1934 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue; quarterly data for the year 1932 and the quarterly periodsended March, June, and September, 1933, also revised. These will be shown in a subsequent issue.

• Texas only. Louisiana produced 23 percent of United States production in 1933.A The refined equivalent of crude production is approximately 82 percent.Digitized for FRASER




1934

Decem-ber

1933


ary j1

March ! A

1934

May | June i July j August Septem-ber October Novem-

ber


OILS, FATS, AND BYPRODUCTS-Con

Vegetable oils and products— Continued.Copra and coconut oils — Continued.

Coconut or copra oil:Consumption, factory:

Crude (quarterly) t thous. of IbRefined, total (quarterly) f thous. of lb._

In oleomargarine __thous. of lb._! 13,771Imports^ thous. of Ib..1Production (quarterly): (

Crude thous. of Ib •Refined ... thous. of Ib

Stocks, end of quarter:!Crude thous. of lb_.Refined thous. of Ib „

Cottonseed and products:! :Cottonseed:!

Consumption (crush),.. short tons..! 415,455Receipts at mills short tons..' 300,626Stocks at mills, end of month. short tons.. 1,117,238

Cottonseed cake and meal:!Exportsf - - short tons 82Production short tons 189, 717Stocks at mills, end of month. short tons.. 320, 322

Cottonseed oil, crude:! iProduction thous. of Ib..' 128,872Stocks, end of month thous. of lb. J 95, 267

Cottonseed oil, refined:Consumption, factory (quarterly) f

thous. of lb ._-In oleomargarine . thous. of lb 7,533

Price, summer yellow, prime, N. Y.dol.perlb-i .101

Production! thous of lb 129 487Stocks, end of" monthf thous. of Ib.J 516,717

Flaxseed and products:Flaxseed:

Imports, United States#___ thous. of bu._ 1,823Minneapolis and Duluth:

Receipts - .- - thous. of bu 252Shipments thous. of bu_. 83Stocks, end of month thous. of bu_. 1, 108

Oil mills:!Consumption, quarterly.thous. of bu_.Stocks, end of quarter .. thous. of bu

Price, no. 1, Minneapolis. _.dol. per bu._ 1. 99Production, crop estimate.thous. of bu..; « 5,253Stocks, Argentina, end of month

thous. of bu-_ 2,362Linseed cake and meal:

Exports... thous. of lb._ 21,558Shipments from Minneapolis ;

thous. of lb.. 8,182Linseed oil:

Consumption, factory (quarterly)!thous. of lb.

Price, wholesale, N. Y dol. per lb..i .087Production (quarterly)! thous. of lbShipments from Minn thous. of lb._ 2,233Stocks at factory, end of quarter

thous. of Ib...'Lard compound:

Price, tierces, Chicago* dol. per Ib.J . 124Oleomargarine: !

Consumption (tax-paid withdrawals)thous. of Ib.J 32,178

Price, standard, uncolored, Chicagodol. per lb..| .104

Production thous. of lb 30, 470

PAINTS

Paints, varnish, and lacquer products: §Total sales thous. of dol.. _.._

Classified thous. of dolIndustrial thous. of dol..Trade thous. of dol..

Unclassified (273 estab.) thous. of dol.JPlastic, cold-water paints, and calcimines:

Sales:Calcimines - - - - - dollarsPlastic paints dollarsCold-water paints dollars..

CELLULOSE PLASTIC PRODUCTS

Nitro-cellulose:*Sheets, rods, and tubes:

Production thous. of lb 1,089Shipments thous of Jb 954

Cellulose-acetate:*Sheets, rods, and tubes:

Production thous. of lb._ 466Shipments thous. of lb. 448

134, 89583,613 •13,02815, 971

98,57973,395

182,827 !

15, 562

443,944 !388,027 !

1,297,774 i

14, 130 :

203,772 !312,458 j

137, 182 !170,430

251,8191,785 |

.043 ;120,667 j

769, 102

484

14891 ,

1,039

6,7602,713

1.77/ 6, 947

« 2, 756

56, 069

8,228

55, 783.095

133, 906997

157, 736

.066

23, 809

.07021, 386

16, 15610, 5764,4186,1585,580

137, 96479, 79269, 745

7981,221

325352

[i

1

• 178,399: 78,290

10,558 j 12,745 13,59946,296 | 35,816 22,079

. . 95.032

j

469,444 : 443,274194,086 ! 156,696

1,022,416 I 741,321

14,625 : 5,305211, 854 ; 197, 142289, 024 | 289, 156

145,007 1 136,949188,940 : 175,250

~"l~536~ ~"I,~889~

.047 .051109, 978 134, 295781,008 ; 812,754

1,031 1,524

250 11881 36

964 983

1.90 1.89

4, 331 6, 299

43,239 37,766

10,760 10,025

.093 .093

1,679 2,337

.068 ! .073i

16,861 ; 21,350

.070 i .07017, 870 j 21, 572

20,601 | 17,67413,486 ! 11,8956,015 5,6397,471 i 6,2567,115 ; 5,778

134,418 ! 118,81161,446 ; 49,43754,049 ; 50,452

948 1,152930 1,046

358 436377 : 418

76, 143

192. 80814 792

344, 610107, 420504, 131

380161, 050265, 348

112,032145, 129

248, 4122,158

.051127, 447841, 139

1,690

15558

981

5,1562,051

1.82

7,283

38, 080

9,847

63, 712.093

97, 4522,859

160, 791

.074

22, 083

.08023, 616

23, 13515,6107,1058,5057,525

140, 74345, 13669, 406

1,4351,252

405351

~~I6~559~30, 533

176, 26846, 346

374, 209

20384, 241

252, 625

59, 563109, 328

""2," 07§"

.05294, 486

843, 168

1,144

139208793

1.82

6,693

38, 136

5,513

.093

3,644

.073

16, 146

.07318, 023

27, 70418, 4367,590

10, 8469,268

271, 92944, 70670, 783

1,3841,085

510558

""9*396"24, 614

-

109, 36755, 546

320, 388

7851, 407

219, 637

38, 46276, 318

~"§~369~

.05065, 822

804, 946

1, 637

322169696

1.91

5,118

31,739

6,648

.097

3,969

.073

20, 063

.07018, 266

33, 61522, 1728,092

14, 08011,443

322, 58339, 82593, 204

9731,069

512512

177, 23672, 0484,542

29, 047

84 29197, 301

174, 15439, 886

92, 25852, 407

280, 537

36641,011

175, 441

29, 87945, 794

257, 5273, 718

.05354, 643

738, 542

806

298113646

5, 0161,4211.91

4,724

34, 328

5, 871

78 189.099

9S, 0263, 603

128, 413

.074

13, 870

.07813, 986

28, 75018, 9447,630

11,3149,806

277, 54725, 78277, 454

778946

301265

~~~6~315~

35, 742

.._

99, 69942, 923

222, 761

9145, 738

124, 572

31, 54434, 400

~~4~150~

.05943, 529

655, 552

821

16298

628

1.90

3,150

33, 441

5,292

.098

3,735

.078

15, 847

.08016, 363

23, 45115,9107,4498,4617,541

211, 78221, 33063, 442

715748

317220

~~~7~765~17, 210

i |i

113,731 ' :

67,374 t :10,279 i 11,360 j 12,78717,990 I 14,810 i 20,935

56 716 1R2 fi17 ! 1

174,924 ; ;

37 281 !

195, 761271, 145300, 023

1,19590, 63396, 147

59, 32238, 670

~~~6,"280~

.06848, 522

543, 144

695

681152672

2.05

3,543

32, 126

7,628

442,281 ! 598,613 531,067947,372 i 1,030,607 527,804803,236 1,235,230 1,232,067

124 196 306197,694 1 265,597 245,389170,251 ! 257,409 299,200

! [133, 970 ! 183, 600 165, 80874,034 97,752 100,685

381 7287,428 j 7,322 7,323

.075 ! .081 .09281,050 1 155,437 ; 149,593

450,012 461,440 j 487,369

959 1,297 i 743

1,230 910 294las i 234 127

1,008 ! 1,218 1,210

4 293 •1 368 <

1.98 \ 1.90 1.86

2,756 : 2,362 1,575

20,935 : 30,869 31,338

5,533 6,483 7,325

R1 918.099 '.094 .091 .088

85.038 ._2,774 4, 163 ; 4, 145 3, 525

10Q 3fi7

.086 .098 .107 .111

25, 736 27, 545 : 26, 421 28, 980

. 080 .090 . 098 . 10022,026 ' 26,842 I 26,517 28,809

24,314 22,199 24,206 20,30016,081 14,177 15,382 13,2246,579 5,268 ! 5,814 5,2089,502 8,909 9,568 8,0168,233 8,022 8,824 7,076

235, 325 ! 259, 136 ; 274, 366 225, 07825,292 27,314 ! 30,807 27,86471,299 71,828 78,496 i 70,304

965 841 ! 1,131 948956 ! 872 1 1,094 1,028

| | ;375 393 ! 449 304383 415 ; 409 : 267

0 Revised. /Final estimate.« Dec. 1 estimate.* For earlier data on lard compound price see p. 18 of the January 1934 issue. Data not available for cellulose products prior to January 1933.! Revised series. For year ended July 1932 see p. 20 of the February 1933 issue, and year ended July 1934 see p. 38 of the November 1934 issue, revisions for each month of 1933

were shown when monthly data for 1934 became available, cottonseed, and for the year of 1932 see p. 37 of the June 1933 issue, exports of cottonseed cake and meal. Datarevised for 1933; see p. 19 of the September 1934 issue; quarterly data for the years 1932 and the quarterly periods ended March, June, and September 1933 also revised. Thesewill be shown in a subsequent issue.

§ Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting.1 See footnote on p. 35 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue.Digitized for FRASER



Monthly statistics through December 1931, j 1934together with explanatory footnotes and refer- !ences to the sources of the data, may be found Decem-in the 1932 Annual Supplement to the Survey j ber

1933

Decem-ber

1934

January Febru-ary March April | May June July August SeP|fr

m~ October


ROOFINGDry roofing felt:

Production ..short tons..Stocks, end of month short tons

Prepared roofing, shipments:Total . thous. squares

Grit roll thous. squares..Shingles (all types). thous. squaresSmooth roll . thous. squares. _

11,3108,555

7,352 8,8685,003 8,037

830 1,046168 215157 144505 ' 686

17,722 1 13,8176,647 I 6,350

1,006 2, 161223 420178 ! 412605 ! 1,329

19, 8165,072

2,873536727

1,610

19, 9454, 677

2,334587656

1,091

17, 0216,324

1, 265326388551

12, 2325,397

1,617382423812

19,467 15,667 14,7105, 687 I 6 411 I 6 648

3,666 1 941 ! 2 317773 1 545 J 583831 i 460 ! 638

2, 061 936 i 1 095

12, 9726 672

1 871' 446471954

ELECTRIC POWER AND GAS

ELECTRIC POWERFuel consumed in production of electrical

energy. (See Fuels.)Production, totalf- mills, of kw.-hr.

By source:Fuelsf ..mills, of kw.-hr..Water powerf.. mills, of kw.-hr__

By type of producer:Central stations! mills, of kw.-hr__Street railways, manufacturing plants, etc.

mills, of kw.-hr..Sales of electrical energy:

Sales to ultimate consumers, total (EdisonElec. Inst.) mills, of kw.-hr..

Domestic service mills, of kw.-hr—Commercial—retail mills, of kw.-hr._Commercial—wholesale..mills, of kw.-hr..Municipal and street lighting

mills, of kw.-hr._Railroads:

Electrified steam mills, of kw.-hr..Street and interurban.--mills. of kw.-hr..

Revenues from ultimate consumers (EdisonElec. Inst.) thous. of dol—

GASManufactured gas: *f

Customers, total thousands...Domestic ..thousands..House heating thousands. _Industrial and commercial thousands..

Sales to consumers millions of cu. ft._Domestic .millions of cu. ft..House heating millions of cu. ft..Industrial and commercial

millions of cu. ft._Revenue from sales to consumers

thous. of dol—Domestic thous. of dol—House heating thous. of dol—Industrial and commercial...thous. of dol—

Natural gas:*fCustomers, total thousands..

Domestic thousands--Industrial and commercial thousands._

Sales to consumers millions of cu. ft..Domestic millions of cu. ft—Industrial and commercial

millions of cu. ft—Revenues, from sales to consumers

thous. of dol—Domestic thous. of dol—Industrial and commercial,—thous. of dol—,

8,039

4,8653,174

7,582

457

7,470

4,7362, 734

7,631 ! 7,049 | 7,717 7,443 \ 7,683 7,472 7,605 ! 7,206 7, 831

4,662 i2,970 !

6,990 | 7,147

480 484

5,6911,1471,1382,662

212 j

5,911 I1,244 !1,162 !2,748 I

222 .'

62396

156,127 162,070

9,8569,328

81438

31,05420, 5773,659

6,636

32, 93624,8772,3465,577

5,4455,145299

80,30031,406

47,761

29,86520, 2719,398

9,8599,320

89441

33,14321,4174,562

6,945

34, 52725, 7272,8955,757

5,4835,175306

93, 22239, 238

53,080

35,40624,85010, 388

4,751 !

2,298

6,571

478

5,766 i1,123 i1,085 i2,831 I

62388

4,642 I 3,9553,075 i 3,488

4,4653,218

4,779 |2,6'

5,005 ;2,600 ;

5 , 2 3 4 i2, 475 I

7,263 I 6,981 ! 7,195

454 462 i 488 i

7, 040 I 7,176

5,796 i1,056 i1,046 !2,971

191 i

66 j413

5,842 I 5,9171,0261,0593,119

176

59356

9671,0353,293

168

57349

154,832 i 149,780 I 149,852 | 147,915

9,8769,335

91441 i

33,42520,905 |4,833 i

7,481 ;

34,24225,128 !3,019 i5,950 j

5,5005,191 i

307 :94,34938,402 I

432 j

5,882973

1,049 |3,273 !

144 i

55 j

429 i

5,808 |956

1,060 i3,212 !

54324

6,845 I a 7, 424

361 : 407

5,982 i957 !

1,080 i3,337 I

167 I

54334

5,7741,024 |1,1113,034 I

180 |

55 •323

5,9881,0811,1123,142

194

59 I353 !

147,337 | 146,529 \ 148,464

54, 836

34,81523,81410, 812

52,

FOODSTUFFS AND TOBACCO

« 7, 606

1 4, 662* 2, 9441 7, 203

403

5,9891,1681,1572,989

203

56361

150,198 : 155, 812 ! 160, 451

61 9,91118 1 9,36488 934541

44331, 886

01 20, 48492 1 3,348

48 7, 872

81 ! 32,869945194

0493097779

98

858298

24, 6842,1525,900

5,4925,189301

83, 07329, 756

52, 340

29, 41819, 2549,996

9,9719,425

95440

30, 14920, 8711,660

7,460

32, 31325, 2241,2985,669

5,4785,184292

72, 12721, 143

50, 143

24, 17014, 7999,236

10, 0049,461

91441

28, 65720, 441

670

7,404

31,35125, 162

5405,549

5,4845,199283

66, 50915, 106

50, 523

21, 02011,8519,035

9,996 | 10,0149,457 ! 9,474

87 89441 442

25,358 i 24,86218,021 j 17,607

317

6,846

28, 19622, 639

2895,165

5,4355,155278

59, 11511,256

46, 865

18, 0989,8048,135

274

6,846

27, 47022, 017

2565,088

5,4665,188276

58, 61810, 331

47, 260

17, 6989,2998,252

10,057 ' 10,083 ! 10,0539,514 j 9,526 i 9,488

95 ! 106 i 115440 ! 442 i 442

27,575 ! 29,341 i 30,24620, 189 j 20, 860 i 19, 897

430

6,792

30,61524, 898

3885,219

5, 5155,234280

63, 77912, 180

50, 583

19, 32810, 3878,793

1,237 2,969

7,060 ! 7,191

32,031 ! 32,06825,480 ! 24,329

910 > 1,9465,512 i 5,663

5,564 ! 5,6305,274 i 5,319

289 i 30867,257 i 78,96915,570 ! 23,354

50,833 1 54,618

21,281 ! 26,19612,132 | 16,0569,007 | 9,984

BEVERAGESFermented malt liquors:*!

Consumption (tax-paid withdrawals)thous. of bbl

Production thous. of bbl .Stocks, end of month__ thous. of bbl

Distilled spirits:*Consumption (tax-paid withdrawals)

thous. of proof gal .Whiskey thous. of proof gal

Production, total _ thous. of proof galWhiskey thous. of proof gaLJ ._

Stocks, end of month thous. of proof gal.. iWhiskey thous. of proof gal J

DAIRY PRODUCTSButter: :

Consumption, apparent* ..thous. of lb._ 136,810Price, N. Y., wholesale (92 score) -dol. per lb._! . 31Production (factory)t--- -thous. of lb__ 102,702Receipts, 5 markets thous. of Ib i 39,110Stocks, cold storage, creamery, end of month i

thous. of Ib— | 47,093

2, 165 2, 008 1, 865 2, 6252,119 2,494 2,422 3,2634,403 4,762 5,218 5,675

4,337 3,418 2,281 2,7803,753 2,828 1,893 2,3765,769 7,345 7,970 10,2814,794 6,567 7,211 9,009

28,695 32,280 37,992 45,76625,850 29,269 34,496 41,326

i

143, 132 : 147, 530 145, 476 144, 107.20 .20 .25 .25

116,384 112,430 106,448 122,74649,226 45,882 i 40,888 50 520

111,249 75,995 ! 36,853 15,351

2,8553,7036,325

2,4052,1249 6358,828

51, 40446, 386

136, 671.24

133, 21847 206

11,838

3,796 4,5504,455 i 4,8266,718 6,868

2,381 2,3662,097 1,9749, 334 ! 8, 1588,695 ! 7,600

58,137 63,35152,859 57,962

159,369 i 138,657.24 i .25

174,692 181,75961 499 i 63 812

27,161 1 70,148

4 9395,0756 797

2 7472,2108 8148,182

68, 87263 422

133, 067.24

171, 68261 251

108, 748

4 5674,7086 692

3 4292,8288 8388 170

73, 84168 343

150, 881.27

162, 58957 881

120, 467

3 5123,' 2716 270

°4 6023 9619 4658 785

78, 38072 883

137, 487.26

141,80949 392

125, 047

2 9432,9665 427

144, 961.27

130, 86149 998

111,073

140, 844.29

110,65541 564

« 81, 034« Revised. *> Preliminary.* New series. For earlier data see p. 19 of the May 1933 issue, manufactured and natural gas, and p. 19 of the June 1933 issue, butter consumption. Beverage figures

are from the U. S. Bureau of Internal Revenue monthly data on distilled spirits available beginning July 1933 and on fermented malt liquors, April 1933.t For revised data for electric-power production for 1932, see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; for manufactured gas for 1932

and 1933 and natural eras 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.1 Certain figures for nonreporting breweries estimated for October 1934.Digitized for FRASER




1934

Decem-ber

1933

Decem- !

ber January Febru-ary

FOODSTUFFS AND

DAIRY PRODUCTS— ContinuedCheese:

Consumption, apparentf..- thous. of lb._Imports# - - - thous. of IbPrice, no. 1 Amer. N. Y dol. per lb-_Production (factory)t thous. of lb_.

American whole milkf thous. of lb_.Receipts, 5 markets thous. of lb_.Stocks, cold storage, end of monthf

thous. of lb._American whole milkf .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 Ib

Evaporated (unsweetened):Case goods thous. of lb_.

Fluid milk:Consumption in oleomargarine

thous. of lb._Production, Minn, and St. Paul

thous. of lb_.Eeceipts:

Boston, incl. cream .thous. of qt_.Greater New York* ._ .thous. of qt_.

Powdered milk:Exports - - - - thous. of IbOrders, net, new thous. of lb_.Stocks, mfrs. end of mo .thous. of lb__

FRUITS AND VEGETABLESApples:

Production, crop estimate thous. of bu_.Shipments, car lot f carloads..Stocks, cold storage, end of month

thous. of bbL.Citrus fruit, car-lot shipments! carloadsOnions, car-lot shipments! -- - carloadsPotatoes:

Price, white, N. Y dol. per 100 IbProduction, crop estimate thous. of bu._Shipments car lotf carloads

GRAINSExports, principal grains, including flour and

mealf thous. of buBarley:

Exports, including rnaltf __thous. of bu_.Price, no. 2, Minn.:

Straight* _ _ . dol. per buMalting* dol per bu

Production, crop estimate thous. of bu_.Receipts, principal markets*., .thous. of bu._Visible supply, end of month* .thous. of bu__

Corn:Exports, including mealf thous. of bu..Grindings thous. of bu .Prices, wholesale:

No. 3, yellow (Kansas City)__dol. per bu_.No. 3, white (Chicago). dol. per bu..

Production crop estimate thous of buReceipts, principal markets thous. of bu_.Shipments, principal markets_.thous. of bu._Visible supply, end of month*_thous. of bu_.

Oats:Exports, including oatmealf 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._

Rice:Exportsf pockets 100 IbImports# pockets 100 IbPrice, 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 Ib.)..New Orleans, thous. of pockets (100 Ib.)

Stocks, domestic, end of monththous. of pockets (100 lb.)._

42, 3943,565

.1531, 16321,5179,522

102, 19289, 846

13, 68393, 731

4702,965

4.852,70

7,45210, 516

155, 166

6,880

24, 747

16811, 17432, 722

•119,8555,672

8,88314, 5331,886

.975•385, 287

12, 066

1,842

111

1.091.20

•118,9294, 796

14, 401

1475,261

.961.01

•1,380,7189,226

11,29443, 462

73.56

<528, 8153,119

22, 576

53, 22546, 330

.049•38, 296

612

714

2,311

45,2194,524 !

.1341,038 i23,179 !10,747 j

91,970 !77,773

\\

15,63884,755

286 <2,800

4.732.70

9,6649,137

210,407

5,106

31,349

16,713 !

106, 185

1629,306

30,100 !

/ 142, 9816,795

7,13513, 6262,199

1.997 ./ 320, 203

12, 441

6,657

151

/155, 8252,825

14, 635

4083,924

.43

.47'2,351,658

16, 6227,921

69, 334

123.35

f 731, 5003,390

46, 503

96, 09722, 861

.039/ 37, 058

426

57328

2,648

44, 2842,823

.1328, 43619, 82113, 788

78, 78965, 476

15, 83699, 073

4763,545

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

4,41114, 102

1674, 163

.45

.50

15, 0528,688

68, 067

74.37

3,93844, 696

104, 95115, 338

.039

n.910

67

2,488

44, 3713,902

.1728, 96221, 53612, 366

67, 81954, 934

13,015100, 272

2532,597

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

3,02613, 362

2444,662

.45

.49

14, 4586,812

68, 384

69.36

4,029. 42, 3071 87, 639| 22, 150

.039

932

85363

2,632

March April

1934

May June July August Septem-ber October *°™*-

TOBACCO — Continued

47, 8334,757

.1537, 54128, 2349,938

62, 15349, 856

16, 989131,719

2013,421

4.852.70

4,9184,875

99, 176

5,682

38, 665

18, 216107, 667

31611, 19725, 006

4,367

2,13115, 7851,971

2.388

23, 634

5,757

690

3,57412, 207

2475,562

.45

.51

, 12, 8009,017

65, 682; 84

.33

! 3, 05038,011

\ 142,504! 35, 581

.039

496

74664

2,439

45, 4593,676

.1344, 89733, 78810, 553

65, 45052, 217

20, 532152, 401

5974,053

4.852.70

4,9375,924

117,115

4,225

36, 732

17, 758103, 395

31610, 92327, 648

2,254

1,05513, 0392,933

2.013

19, 763

6, 220

425

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

59, 8543,936

.1461, 75447, 56315, 029

71, 46958, 073

24, 907188, 688

5441,615

4.852.70

8, 4589,239

151,691

4,168

37, 908

18, 793111,196

22512,, 67035, 003

1,387

39212, 3033,031

1.762

45, 3523,897

.1566, 54553, 22214, 392

96, 96079, 925

22, 103210, 750

1,2762,562

4.852.70

10, 10513,912

153, 149

3,461

35, 202

19, 168110,931

30914, 69140, 315

756

10, 1402,872

1.541

21,467 | 25,687

5, 182 ! 1, 884

408 139

3,, 502 3, 8139,301 ! 8,317

371 i 2485,271 j 6,738

0) i -57! .55 j .62

8,072 ! 9,5791 15, 877 11, 353

46, 808 38, 518: 68 81

.35 | .43

5, 00226,205

\ 41, 26752, 973

.039

191

I 417; 57I 1, 896

2,81122, 524

89, 19759, 149

.039

183

52535

1,575

46, 9323,213

.1362, 68249, 10616, 487

115, 84297, 018

16, 997190, 089

1,2613,278

4.852.70

9,92117, 156

205, 545

3,900

31, 899

20, 766110, 460

20913, 18443, 007

1,145

8,1281,303

1.200

18, 748

759

165

.81

.91

3,5096,946

5185,721

0).66

26, 56813, 61044, 830

76.45

3,38821, 445

75, 29658, 464

.039

153

48371

1,267

54, 8743,511

.1557, 88744, 65017, 257

122, 495103, 805

19, 425175, 125

9855,066

4.852.70

9,21017, 432

167, 864

5,184

27, 988

19, 291103, 812

31911,60142, 838

1,897

7, 0512,342

.894

11,513

3,371

789

.951.00

8, 5569, 006

471! 6, 539

.78i .76

i 41,4471 17, 488| 60, 451

i 69; .49

1 7, 23124, 605

59, 42146, 173

.039

244

55578

! 972

50. 1634,063

.1451, 20638, 20512, 840

127, 363108, 624

16,226146, 130

7972,759

4.852.70

9,47615, 891

175, 129

6,332

24, 004

18, 099103, 331

37611,09041,794

10, 405

4,0925, 8513, 682

1.006

14, 761

3,388

743

1.071.16

8,59512, 403

357, 4, S39

.81; .84

18, 68510, 448

: 62, 407

! 87.55

i 4, 886| 24, 241

31, 328| 47, 313

I .039

836

7471 86

1, 083

61, 136 50, 0724,460 5,730

.14 .1547,464 35,83533, 732 28, 14614, 277 13, 609

118,008 a 109, 972102, 832 °96, 688

16,691 15,943138,107 103,419

553 8213, 324 2, 840

4. 85 4. 852. 70 2. 70

9,417 °9,13513,555 11,236

215,700 0203,402

6, 165 6, 552

24, 174 23, 44^

18,290 17,846106,118 102,914

163 23411,629 "11,43740, 795 "36, 530

17, 742 7, 776

10,408 °10,3287, 394 13, 6313, 514 2, 083

.948 1. 006

21, 627 14, 829

2, 884 2, 773

582 535

1.02 1.061. 10 1. 17

5, 484 5, 18813, 525 14, 900

308 2245, 302 "4, 062

.80 . 91

.82 .93

16, 157 8, 85812, 372 12, 51458, 683 50, 537

i 71 78.52 .54

4,516 3,87622, 627 22, 191

i 61,164 61,6401 44, 645 42, 643

. 039 . 049

\ 1, 974 910

i 993 810; 112 77

| 2, 189 2, 3560 Revised. • Dec. 1 estimate. f Final estimate. i Prices not available.

* 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. Since the division ofno. 2 barley by the Department of Agriculture into straight and malting grades as of July 1,1934, prices for each grade have been reported separately.

t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total andAmerican 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 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For final revision for 1933, car-lot shipments of apples, citrusfruits, onions, and potatoes, see p. 20, January 1935 issue. For 1932 exports of rice, p. 39, June 1933. For revised figures on 1933 exports of grains (total, barley, corn, andrice by months, see p. 20 of September 1934 issue.

# See footnote on p. 35 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.§ Bulk evaporated milk not included since December 1931.• Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.Digitized for FRASER





1934

Decem-ber

1933

Debceerm- January F^' March April May

1934

June July August Septem-ber October Novem

ber

FOODSTUFFS AND TOBACCO—Continued

GRAINS-ContinuedRye:

Exports, including flour -.thous. of bu..Price, no. 2, Minneapolis dol. per bu_.Production crop estimate thous. of buReceipts, principal markets*— thous. of bu_.Visible supply, end of month*. -thous. of bu..

Wheat:Ejports:f

Wheat, including flour.- thous. of bu._Wheat only thous. of bu_.

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 bu._Winter wheat thous. of bu

Receipts tbous. of bu._Shipments thous. of bu._Stocks, visible supply, world-.thous. of bu__

Canada thous. of bu_.United States • _ - - thous. of bu

Stocks, held by mills (quarterly)thous. of bu._

Wheat flour:Consumption (computed) t thous. of bblExports thous. of bblGrinding of wheat thous. of bu_.Prices, 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) f

thous. of bblOffal thous. of IbOperations, 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, of lb-_Production (inspected slaughter)

mills, of lb_Stocks, cold storage, end of month, total

mills, of Ib..Miscellaneous meats mills, of l b__

Cattle and beef:Beef and veal:

Consumption, apparent thous. of lb_.Exports! thous. of lb_.Price, wholesale:

Beef, fresh native steers, Chicagodol. per lb_.

Production, inspected slaughterthous. of Ib-.

Stocks, cold storage, end of monththous. of lb_.

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, Chicagodol. per 100 lb_.

Hogs and products:Hogs:

Movement, primary markets:Receipts thous of animals •Slaughter, local _ - thous. of animalsSlaughter, inspected. (See Leather |

and leather products.)Shipments, total thous. of animals..Stocker and feeder thous. of animals..

Price, heavy, Chicago dol. per 100 l b _ _Pork, including lard:

Consumption, apparent thous. of Ib..'Exports, totalf thous. of Ib

Lardf - -thous. of Ib.JPrices: ;

Hams, smoked, Chicago dol. per lb__Lard:

Prime contract, N. Y dol. per lb__Refined, Chicago* dol. per lb__ ;

0.80

• 16, 040445

12, 572

1,51132

1.121.041.04

1.12

•496, 469• 91, 435

«405, 0347,8438,051

253. 11989, 766

134,935

31534, 340

7.25

5.85

7,548

601, 62749

3,857

1,080125

1,371

.126

141, 186

1,7971,221

565165

9.17

3,1402, 189

95342

6.51

~~25~670~16, 170

.161

.122

.131

0.60

/ 21, 150430

13, 735

5,9754,152

.83

.87

.80

.83

/528, 975178, 183/350, 792

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, 45354, 838

.119

.051

.059

1 !i 0 I 01 .64 .61

40212, 936

4,5702,867

.88

.91

.84

.88i

23612, 032

4,0392,667

.90! .91

.85

.91

| 8,7471 8,921| 582,140i 233,368| 113,671

8,759362

39, 903

6.84

5.63

! 8, 719! 9, 564

'•• 706, 10054

! 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

3.59

.........

11, 621

4,7333,065

.88

.89

.82

.88

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 :

1,043 '(66 >

438,808 !1,778 !

.090

431,000 I

64,745 !

1,404 '952

437121

5.83

2,7271,853

87334

4.27

512, 27550, 71536,908

.120

.066

.071 i

9,06410, 231

532, 980220, 75994, 504

115, 247

9,171355

38, 320

6.64

5.40

8, 362

9,465674, 587

50

4,7004,157 :'

1,052

1,015 i

94556

463,946 j2,670 i

.092

454, 655

55, 848

1,500999

495138

6.51

2,4681,679

80137

4.33

536, 04452, 11439, 493

.136

.067

.077

9.57

25111, 002

5,4823, 576

.83

.83

.78

.83

0.60

1,36810, 505

4, 3351 1, 456

.94

.87

.86

.94

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

1,5921,045

518147

7.44

2,6741,883

78128

3.87

518, 58749, 76239, 350

.138

.071

.073

12, 47914, 666

463, 660196, 86977, 631

! 9, 052270

37, 089

6.84

5.48

8,103

9,208657,205

50 !

4?650 l

1,178

1,241

920 I53

499,8051,514

.123 I

493,768 i

42,546 !

1,809 !1,209 ;

592 i162 i

8.23 \

3,076 i2,272 !

798 !39 i

3.58 |

631,250 !79,942 \66, 167

.136 ;

.066

.070

1 ! 0.69 | .74

1,903 2,24611,452 | 12,208

1,415 2,168387 826

1.09 1.10.91 i .92.89 ! .93

.95 i .95

0.89

84711, 798

2,0421,776

1.171.011.07

1.15

2.87

1,40111, 776

2,199109

1.251.041.98

1.19

23,445 i 49,70815,447 ! 16,831

451, 860 477, 190190,717 I 185,12079,395 117,973

102 968

8,487 i 7,550219 286

34,476 33,701

7. 05 | 7. 18

5.79 6.01

7, 507 7, 325

8,407 7,966613,279 600,486

46 ; 47

4, 570 4, 7003,914 ...

1,085 : 981

1, 142 ; 1, 076

932 99461 78

461,905 : 440,0431,356 j 2,250

.113 .114

463,411 I 453,986

45,471 j 61,545

1,812 i 2,985 \1,225 ! 1,672 ;

585 ! 1,231 ;

139 ! 470 (

8.57 ; 8.40

2,684 i 2,519 i1,934 1,777 i

759 | 732 ;

45 ' 46 '4.34 ! 4.85 i

577, 156 ! 493, 580 '56,251 1 51,243 '•41,008 33,466 !

.156 . 171 1

.068 .072

.073 i .081

23, 04513, 934

491, 130183, 710121, 727

8,891435

39, 682

7.46

6.14

8,654

9,425704, 298

52

4,920

1,092

1,008

881 :90

483,974 !

2,269 !

.125 |

498,457 |

80,075 |

4,234 '2,186

2,041802 i

8.50 l,

2,0671,420 ;

64559

6.19

551,041 !45,64429,358 ;

.172

.090

.099 :

19, 08214, 767

506, 250222, 260119,001

160, 904

9,268443

40, 371

7.50

6.22

8,822

9,881716, 936

59

5,0903 473

0.76

1, 50212, 323

1,92357

0)1.001.02

1.14

0.76

2,33213, 425

1,936152

1.101.011.02

1.13

1

12, 94615, 395

497, 570246, 247107, 050

39741,833

7.32

5.88

9,181

736,61955

852 828105 i 107 ;

1,683

.141

573, 493

92, 575

i3,777 !2, 140

1,071550

9.36

2,0931,531

561 i67 !

7.23

442,67941,650 i31,506

.184

.102 I

.116

1,688 :

.133

108, 399

3,0001,711

1, 257477

8.71

2,8072,032

771G6

5.95

35, 73726, 870

.176

.101 i

.108 1

9, 15415,066

471, 620249, 68698, 756

380a 37, 393

7.25

5.79

8,211

a 655, 02353

«921113

1,961

.123

« 127, 953

2,1631,356

835317

S.46

3,2182,338

88152

5.95

34, 02319, 739

.164

.112

.116

vfew series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 18 of the January 1934 issue, wholesale price of lard.isions of wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p. 19 of the August 1933 issue. F

• Revised. * New series.f Data revised. For revisio ; r x v _, rf „„_ , ..̂ ^ „. v~

of beef and veal exports for 1932, see p. 40 of the June 1933 issue. For revised exporFdata for 1933, see~p72~d of the" SeptembeFl934 Issue"."• Dec. 1 estimate.• Represents the visible supply east of the Rocky Mountains as reported by Dun <fe Bradstreet.1 Price not available./ Final estimate.

For revisions




1934

Decem-ber

1933 1934

D berm" JanuaryFebru-

ary March April May June July August Sept-- October Novem-ber

FOODSTUFFS AND TOBACCO — Continued

LIVESTOCK AND MEATS— Continued

Hogs and products— Continued.Production, inspected slaughter, total

thous. of lb-Lard thous. of R^-

Stocks/cold storage, end of mo.thous. of lb—

Fresh and cured thous. of lb-Lard —thous. of lb._

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 animals —Slaughter, locaL thous. of animals-Slaughter, inspected. (See Leather and

leather products.) .Shipments total thous. of animals _ _

Stocker and feeder thous. of animals-Prices, wholesale:

Ewes Chicago - - -dol. per 1001b__Lambs Chicago dol. per 100 lb__

Poultry and eggs:

Receipts 5 markets -thous. of cases ..Stocks, cold storage, end of month:

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 lb—Shipments, Gold Coast and Nigeria

long tons—

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 lb-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 f long tonsPrice, wholesale, 96° centrifugal, New

York . - dol. per lb—Receipts:

From Hawaii and Puerto Ricolong tons—

Imports f $ long tonsStocks at refineries, end of mo.f

long tons—Refined sugar:

Exports, including maplet long tons-Price, retail, gran., N. Y dol. per lb—Price, wholesale, gran., N. Y._dol. per lb—Receipts:

From Hawaii and Puerto Rico*.long tons..Imports:

Cuba* _ _ _ long tons .Philippine Islands* long tons—

Shipments, 2 ports long tons-Stocks,, end of month, 2 ports. ..long tons—

Tea:Imports # thous of lbPrice, wholesale, Formosa, fine, N. Y.

dol. per lb—

MISCELLANEOUS PRODUCTS

Candy sales by manufacturers. -thous. of dol—Fish:

Landings, fresh fish, principal portsthous. of lb—

Salmon, canned, shipments. cases..Stocks, total, cold storage, 15th of month

thous. of lb-.

809, 014690, 862118, 152

4,526

1,542902

644133

2.635.98

642

64764, 863

59, 223

131,752

10, 933.0504

45, 259

1,076572762

.0931,105

6,642716

983

227, 522

.029

58, 463260, 715

718, 953

21, 461.052.043

2,528

6,34353

5,015

.215

24, 596

73, 839

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

5,965.052.043

873

27, 268

34, 66826, 360

7,670

.175

22, 319

17, 043312, 064

57,188

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

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

0)

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

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

0)

8,0841,025

1,862

289, 666

.031

205, 989173, 838

406, 345

4,248.051.044

13, 596

10, 879

53, 04530,282

6,758

.185

21,951

24, 782449, 736

18, 481

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

155, 446214, 079

516, 505

4,246.051.044

15,294

9,913

45,88331, 164

4,493

.193

16, 792

37,906229, 108

15, 883

699, 676137, 597

823, 808641, 568182, 240

47, 166

47, 286

1,363

2,1141,014

1,104155

3.008.97

1,927

7,81993, 947

19, 604

39, 790

8,044.0561

9,850

903418790

.103780

29,309

8,564932

2,475

344, 352

.028

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

633, 062124, 069

823, 560628, 425195, 135

45, 709

45, 829

1,450

1,810918

891115

1.637.24

1,452

8,965116, 058

22, 755

40, 609

10, 843.0572

10, 568

1,449546736

.102901

27, 141

8,526886

2,364

350, 731

.029

149, 087197, 640

637, 831

4,649.052.045

12, 366

0 21, 2263,323

58, 69422, 373

5,419

.215

12, 945

30, 699263,883

34,285

574,229107, 101

853, 063643, 566209,497

47, 452

47, 551

1,518

2,152998

1,155190

1.785.91

1,009

8,961121, 564

22, 417

44, 904

10, 456.0535

10, 798

787512788

.095919

0)

8,496955

2,212

300, 448

.032

188, 19653, 117

633, 593

6,376.055.047

11, 039

- 18, 317590

70, 54518, 918

6,471

.215

10, 010

33, 392496, 061

50,582

452, 67278, 125

709, 165542, 010167, 155

57,083

57, 215

1,608

2,6151,106

1,482390

1.475.59

828

7,938Hi, 994

21, 861

46,053

10, 914.0535

15, 803

1,077649758

.0971,245

0)

8,499916

2,041

307, 685

.033

73, 18091, 212

626, 796

9,494.055.047

536

« 15, 4390

68, 60910, 228

9,193

.215

16, 433

37,791832, 225

62, 577

427, 32469, 444

652, 274524, 22 (128,054

2,400

3,3241,384

1,931774

2.095.56

665

6,80399,951

24, 725

55, 262

18, 973.0510

3,441

1,467783919

.0951,047

22, 266

8,302818

1,764

350, 048

.029

98, 415683, 137

501, 240

13, 369.055.047

3,089a 134,194

073, 21116, 805

7,426

.215

24, 420

33, 240941, 121

73,648

610, 256504, 737105, 519

3, 074

4,0562,126

1,943908

2.005.56

655

4,63388, 715

31, 383

73, 401

17, 154.0485

11,822

1,308815

1,018.094

1,154

21, 133

7,064866

1,589

411, 507

.029

49, 393« 241,262

383, 952

20, 194.055.046

0

« 64, 7242,619

59, 95220, 663

7,942

.215

25, 106

20, 288

77, 104

* 675, 740a 57 1,913« 103, 827

« 4, 687

1,8331,017

819283

2,005.61

588

2,380« 76, 073

64, 370

0 105, 565

16, 713.0487

32, 462

978514

1,021.093

1,113

6,820820

1,345

278, 822

.029

65, 794165, 562

456, 679

24, 453.053.045

670

2^435

7,668

.215

24, 935

26,966

77, 151« Revised. Note major correction in data on imports of sugar from Cuba June-November 1934.* New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to May

1934 not available on imports of refined sugar from the Philippine Islands.t For revised data for 1932 on sugar meltings and stocks, see p. 41 of the 1

For revisions of exports in 1933, see p. 20 of the September 1934 issue.# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.i Data not available.

> May 1933 issue. For 1932 revisions of sugar Imports and exports, see p. 41 of the June 1933 issue.




1934

Decem-ber

1933

Decem-ber

1934

January F|jyU" j March April May June July August October N°bveerm'

FOODSTUFFS AND TOBACCO—Continued

TOBACCOLeaf:

Exports! thous. of lb._Imports, unmanufactured!? thous. of lb__Production, crop estimate __thous. of IbStocks, total, including imported types

(quarterly) mills, of Ib .Flue-cured, fire-cured, and air-cured

mills, of IbCigar types - mills, of lb_

Manufactured products:Consumption (tax-paid withdrawals):

Small cigarettes millions. _Large cigars _ _ thousands..Manufactured tobacco and snuff

thous. of lb__Exports, cigarettes thousandsPrices, wholesale:

Cigarettes dol. per 1,000Cigars dol. per 1,000

28, 6093,608

•1,095,662

9,210317, 563

22, 709288, 768

5.38046. 697

62, 5684,198

/1,377,639

2,182

1,718377

7,800276, 690

21, 686271, 219

4.85146. 461

26, 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

2,435

1,957384

9,333354, 165

31, 478246, 278

5.38046. 839

41, 3424,775

9,294345, 067

27, 260344, 740

5.38046. 839

31, 3804,548

11, 174380, 450

29, 056336, 264

5.38046. 839

29, 5636,139

2,214

1,736387

12, 045404, 456

29, 420252, 609

5.38046. 839

19, 0135,209

11, 355378, 056

28, 691225, 387

5.38046. 839

25, 6053,830

11,810425, 453

30, 948310, 334

5.38046. 839

53, 0975,989

2,200

1,748371

10, 294394, 862

27, 234260, 409

5.38046. 839

64 8105,140

10,718494, 456

30, 506280 590

5 38046. 742

47 5344,521

9 727466 164

27, 769282 269

5 38046 697

FUELS AND BYPRODUCTS

COALAnthracite:

Exports _ _ _ thous. of long tons..Prices:

Retail, composite, chestnutdol. per short ton._

Wholesale, composite, chestnut^dol. per short ton..

Production! . . - - -thous. of short tons..Shipments! thous. of short tons..Stocks, in storage thous. of short tons..Stocks, in yards of dealers, end of month

no. of days' supply..Bituminous:

Consumption:Coke plants thous. of short tons..Electric power plantsf-thous. of short tons._Railroads tbous. of short tons..Vessels, bunker thous. of long tons..

Exports thous. of long tonsPrice, 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! . . thous. of short tons .Stocks, consumers, end of month

thous. of short tons..COKE

Exports . .... thous. of long tons..Price, furnace, Connellsville

dol. per short ton..Production:

Beehivef - thous. of short tonsByproduct! thous, of short tonsPetroleum thous. of short tons

Stocks, end of month:Byproduct plants thous. of short tons..Petroleum, refinery thous. of short tons

PETROLEUM AND PRODUCTSCrude petroleum:

Consumption (run to stills) thous. of bblImports # thous. of bblPrice, Kansas- Oklahoma dol. per bbl._Production !§ thous. of bbl_.Refinery operations pet. of capacityStocks, end of month:

California:Heavy crude and fuel oil§ thous. of bblLight crude § thous. of bbL.

East of California, total ! § thous of bblRefineries !§ thous. of bbl__Tank farms and pipe lines! §thous. of bbl

Wells completed !§ number..Mexico:

Exports. thous. of bbL.Production thous. of bbl

Venezuela:Exports ...thous. of bbL.Production thous of bbl

91

13.02

9.847*4,705

4,2142,269

36

3,6372,868

89537

8.36

4.190

4.460P 31, 386

34, 440

42

3.73

842,418

3,418

2,794.940

11,11212, 115

71

13.24

9.922<* 4, 437

4,0121,106

34

3,6942,8274,984

91448

8.18

3.961

4.164" 30, 377

32, 840

39

3.75

"972,451

129

2,850727

70, 4402,876.940

72, 15765

87, 82635, 879

312, 07057, 048

255, 022905

2,5823,259

10, 55811, 084

96

13.25

9.9126,1255,189

725

29

3,7742,8175,256

73369

8.24

3.972

4.17832, 916

39

3.63

972,476

127

2,347637

71, 5123,011.940

71, 97666

86, 86935, 645

311, 65955, 458

256, 201910

1,9793,114

9,84410, 860

99

13.27

9.8815,9525,198

316

19

3,8322,8715,180

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, 81235, 148

309, 86455, 582

254, 282810

2,1482,862

9,1999,769

88

13.27

9.8786,4185,356

308

17

4,5782,8215,759

90490

8.23

3.972

4.21638, 497

28,371

45

3.43

1502,969

126

1,713565

71, 8072,272.940

75, 54867

81, 58435, 842

311, 57656, 383

255, 193930

2,2603,192

10, 26810, 900

71

12.94

9.4594,8374,173

690

44

4,3062,3914,837

81675

8.18

4.120

4.23324, 772

27, 711

25

3.59

612,875

101

1,964653

73, 5632,877.940

75, 79671

78, 96535. 659

312, 00555, 482

256, 523914

2,1793,206

9,96211, 028

125

12.34

9.0845,2504,4911,165

59

4,7572,6524,804

1221,074

8.13

4.179

4.21728,100

28,490

52

3.64

513,192

74

1,948515

76, 2583,442.940

79, 87070

76,60435, 467

313, 84057,069

256, 7711,112

2,1672,715

10, 72311, 542

89

12.40

9.2164,1843,4951,541

61

4,4592,8014,553

107991

8.18

4.200

4.23626,424

29,493

66

3.73

512,990

104

2,047504

76, 0543,947.940

80,04072

74, 81535, 507

315, 05156, 526

258, 5251,126

2,0372,923

10, 82211, 203

82

12.60

9.4513,4432,9741,769

65

3,5292,9444,543

1011,108

8.23

4.185

4.34325,280

30,387

105

3.73

512,381

96

2,312494

79, 8122,561.940

81,54873

73,83435, 881

312, 67355, 694

256, 9791,182

2,6213,299

10,57611, 976

87

12.83

9.5983,5843,1102,023

79

3,3763,0064,735

1191,036

8.30

4.199

4.39327,462

31, 441

127

3.73

442,280

101

2,648478

79,6982,621.940

79,05872

71,20736. 279

307, 88455, 178

252, 7061,216

2,0993,433

10, 66112, 233

90

13.05

9.7603,9773,4012,227

80

3,2412,7404,801

981,033

8.31

4.192

4.43527, 670

33, 077

114

3.73

552,175

110

2,846484

73, 3893,270.940

75, 81068

69, 49036, 672

305, 27055, 775

249, 4951,047

2,5733,278

10, 58612,076

122

13.11

9.8154,7294,0273,019

54

3,4812,9115,089

1091,059

8.35

4.190

4.44932, 573

35, 810

92

3.73

762,317

129

3,081464

75, 3882,395.940

76, 77667

67, 13337, 209

302, 25155, 954

246, 2971,234

3, 394

10, 93012, 241

120

13.04

9.833a 4, 181

3,6010 2, 952

60

3,438-2,694

120949

8.35

4.190

4.44930, 450

« 36, 356

83

3.73

942,267

113

3,418459

73, 3753,448.940

72, 46369

63,89137, 290

296, 83055,015

241, 8151,032

10, 31911,732

« 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.

Seep. 20 of the September 1934 issue; 1932 final revision of anthracite and bituminous coal production, p. 42, January 1934; anthracite shipments for 1932, p. 42, December1933; consumption of bituminous coal by electric power plants, p. 42, May 1933; beehive and byproduct coke for 1932, p. 43 of December 1933 issue and for 1933 revisionssee p. 43, July 1934. Crude petroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932. See foot-note on p. 56, November 1933.

# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue.J Price converted to short-ton basis. Data prior to November 1931 not published.• Dec. 1 estimate.t FinaJ estimate.§ Data revised for 1933. See p. 20 of the January 1935 issue.v Preliminary.




1934

Decem-ber

1933

Dg?»- January March April May

1934

June | July j August -| October j N

FUELS AND BYPRODUCTS—Continued

PETROLEUM AND PRODUCTS— Con.Refined products: j

Gas and fuel oils: 1Consumption:

Electric power plants! thous. of bbl.. 893Railroads thous. of bbl —Vessels, bunker - thous . of bbL . j 2, 434

Price, fuel oil, Oklahoma, 24-26 refineries |dol. per bbl. _ j .750

Production:Residual fuel oil*f§ thous. of bbl..Gas oil and distillate fuels*! §

thous. of bblStocks:

Residual fuel oil, east of California*! §thous. of bbl

Gas oil and distillate fuels, total*§thous of bbl

Gasoline:Consumption!! thous. of bbL.Exports* - thous. of bbL.Exports, value. (See Foreign Trade.)Price, wholesale:

Drums, delivered, N.Y dol. per gal..Refinery, Oklahoma dol. per gaL.

Price, retail, service station, 50 citiesdol. per gal..

Production:At natural gas plants!! thous. of bbl._At refineries! 5 thous. of bbL.

Retail distribution (41 States)!mills, of gal. _

Stocks, end of month:At natural gas plantsi thous. of bbl_.At refineries!§ thous. of bbL.

Kerosene:Consumption!! _.thous. of bbl_.Exports thous. of bbl__Price, 150° water white, refinery, Pa.

dol. per gaL-Production! thous. of bbl._

1,429

.161

.046

79?'

.046

Stocks, end ofmonth§._~thous. of bblLubricating oil: j

Coi2suniDtion!§ thous. of bb l__ ,Price, cylinder oil, refinery, Pa. j

dol. per gal._! . 126Production! thous. of bbL-!Stocks refinery end of mo! thous of bbl '

Other products:Asphalt:

Imports;? thous. of short tons..Production!! thous. of short tons..

0

Stocks, refinery, end of month !thous of short tons L

Coke. (See Coke.) 1Wax: !

Production thous. of lb._lStocks refinery endofmo! thous of Ib i

9543,1182,705

.663

18, 964

7,331

17, 660

16, 315

28, 5721,452

.177

.050

.143

3,02131, 570

841

99234, 760

4,160851

.0524,2896, 557

1, 645

.1902,2127,030

4155

255

41, 72069, 117

9103,1662,646

.690

19, 847

7,691

16, 134

14,215

29, 4161,797

.165

.048

.139

3,02433, 462

852

99237, 774

4,245576

.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 8,004

14, 233 14, 044

12, 563 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, 02241,852 41,783

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

331 371

39,200 43,12083,791 86,644

755 8013,118 3,1742,457 2,652

.750 .750

19,344 20,297

7,563 7,761

15,673 16,501

11,403 ! 13,174

32,735 \ 38,1412,436 i 1,643

.145 .150

.045 j .048

. 136 i . 139

2,926 2,90734, 097 35, 194

978 ! 1,061

1,276 i 1,51740,914 36,507

3,654 3,2221,148 648

. 048 . 0474, 647 4, 5484, 822 5, 470

1,651 1,941

. 220 . 2192, 322 2. 5776, 796 0, 773

3 1205 250

378 382

39,480 : 41,72091,763 | 101,551

8323,2342,530

.750

20, 136

8,042

19, 249

16, 313

36, 2961,780

.155

.046

.141

2,83834, 850

1,070

1,64633, 885

2,372962

.0484,2066, 335

1,569

.2082,2116,752

3278

358

40, 320108, 087

!

866 i 9143,242 ! 3,2162,412 | 2,633

.725 .725

20,380 i 19,908

7,651 8,723

21,507 24,600

19,603 22,927

37,395 • 38,9331,495 1,766

.155 : .155

.045 .047

. 140 . 139

2,960 3,03137,023 i 37,245

1, 090 ! 1, 123

1, 590 1, 58933,135 30,323

2, 815 2, 753751 976

. 046 . 0464,256 4,3066, 998 7, 568

1,491 1,498

. 183 . 1482, 209 2, 1526, 782 6, 841

3 1318 320

359 339

34,160 33,880115,137 119,702

8653,2822,350

.725

19, 360

8,298

26, 733

24, 295

34,8771,677

.155

.046

.136

3,04634, 442

1,075

1,34628, 862

3,451789

.0474,1817,495

1,387

.1602,1066,965

1263

315

33, 880118,991

924 « 7993,494 ..2, 354 2, 250

. 725 . 750

19, 856 19, 746

7, 828 7, 970

27, 171 27, 917

24,772 24,355i

37,544 34,8391, 823 1, 833

.155 .165

.043 .046

.119 .124

3, 238 3, 21236, 174 35, 517

1,095

1,083 88926, 136 25, 045

3,957 4,368957 625

.049 .0484, 822 4, 7397,385 7,123

1, 677 1, 495

. 146 . 1342, 145 2, 0626, 939 6, 841

0 1267 215

292 307

39,480 39,480123, 099 130, 222

LEATHER AND PRODUCTS

HIDES AND SKINS jImports, total hides and skins! #„ thous. of lb-_ 12, 635

Calf and kip skins thous. of lb_. i, 092Cattle hides. thous. of lb_-| 5,342Goatskins ...thous. of lb.-i 2,856Sheep and lamb skins thous. of lb. J 2, 397

Livestock, inspected slaughter: iCalves thous. of animals. _ j 494Cattle -. thous. of animals-.l 1,188Hogs thous. of animals. _ ! 4,196Sheep thous. of animals. _ j 1,314

Prices, wholesale: ]Packers, heavy native steers, Chicago i

dol. per lb-1 . 110Calfskins, no. 1 country, Chicago !

dol. per Ib.J .114LEATHER |

Exports: !Sole leather . thous. oflb.J 233Upper leather! •.._ thous. of sq. ft~| 5,677

Production: !Calf and kip* _thous. of skins. _| ....Cattle hides*! thous. of hides--'Goat and kid* thous. of skins_ J ..Sheep and lamb*! thous. of skins..

Prices, wholesale: !Sole, oak, scoured backs (Boston).dol. per lb__ . 28Upper, composite, chrome, calf, black, "B" |

grade dol. per sq, ft.-l .307

20,765 i 18,6622, 104 2, 8407,762 i 5.8076,843 : 6,1402,541 ; 2,494

402 : 471721 831

4,530 5,3911,390 1,407

.099 .101

. 167 i . 144

156 2526, 684 6, 160

1,013 9811, 524 1, 6413,763 4,2902,322 2,5-80

.32 .32

.350 : .352

17, 6831,5805,8375,8373,315

437733

3, 4331,159

.103

.137

1364, 859

8791,6624,0743,558

.31

.352

20,709 22,625 21,235 j 22,181 i 19,9071,856 1,221 2,259 j 1,914 ; 1,9006,388 7,265 5,184 ! 9,577 i 8,2687,598 9,119 7,217 ! 5,818 i 5,6073,457 3,124 4,247 | 3,006 i 2,930

534 526 600 ' 601 j 770771 749 864 : 932 ! 1,912

3,039 3,411 4,218 i 3,763 ; 3,3231,242 1,164 1,244 1,259 j 1,294

.096 .108 .104 i .098 .098

.121 .129 .116 .106 .093

282 185 186 294 2056, 144 5, 457 4, 336 4, 918 j 3, 850

911 999 1,032 ! 1,086 ! 1,1521,744 1,681 1,700 1,634 • 1,5124,358 3,949 3,940 3,496 i 3,6383,690 3,791 3,300 2,773 j 2,655

.30 .30 .30 .29 .29

.347 .343 .337 .333 .320

12, 958808

4,5714,3552,512

9701, 5762,6411,523

.088

.076

7535,043

1,1771,6783,7072,409

.27

.300

10,879806

2,4083,9062,409

8311,7862,6011,734

.099

.093

4255,354

9701,4703,2902,302

.27

.297

10,018919

2,1483,2022, 658

6581,4083, 5462,609

.096

.092

3636,684

1,161- 1, 678

3,6370 3, 062

.27

.296

11,095658

2,7633,2192,554

4951,2324,0231,368

.099

.110

4516,030

1, 0151,6663,3292,838

.27

.298

* 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,t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of gas and fuel oils in electric-power plants for 1932, p. 43,

•»*•.» moo *„_ inoo -.~^,lni~*~. ,-> A1 ~\fn-rr m*24* T\rr\r\iin+inn nf raoiHnol fnal /^Uo onH rra« nil onH rHeti l lafa fnolo ctnnlrc nf rAiein'nal fnal nil pact nf f"!fllifnrTlifl Pr»nSlTmT)tifin of PftSO-

April 1934: imports of total hides and skins and upper leather for 1932, p. 43, June 1933.# See footnote on p. 35 of this issue. Imports also revised for 1933. See p. 20 of the October 1934 issue.• Data revised for 1933. See p. 20 of the September 1934 issue.§ Data revised for 1933. See p. 20 of the January 1935 issue.Digitized for FRASER




1934

Decem-ber

1933

Decem-ber

1934

January Febru- | Mftrrhary j Marcn April May i June ; July A ,imnot i Septem-August ber October ovem-

LEATHER AND PRODUCTS—Continued

LE ATHE B— C ontinuedStocks of cattle hides and leathers (all kinds)

end of month:Total* thous of equiv. hides '<

In process and finished* jthous of equiv hides

Raw* thous of equiv. hides

LEATHER MANUFACTURESGloves and mittens: !

Production (cut), total * dozen pairsDress and semidress * dozen pairsWork * dozen pairs

Shoes:Exports thous. of pairs..Prices, 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 pairs .Men's thous. of pairsBoys' and youths' thous. of pairsWomen's . . thous. of pairs ._Misses' and children's thous. of pairs..Slippers, all types _. .thous. of pairs..All other footwear thous. of pairs

49

5.50

4.15

4.00v 23, 038

14, 811

10, 1674,644

78

5. £0

4.20

3.9320, 0956,1861,1506,7651,8891,9552,151

14,931 14,867 14,685

10,457 ! 10,507 ! 10,5124,474 : 4,360 | 4,173

40

5.50

4.15

4.0025, 7877,0461,342

10, 6392,5891,4242,746

14,515 14,374

10,455 i 10,3604,060 I 4,014

41 100

5.50 5.50

4.15 4.15

4. 00 4. 0030, 120 35, 3577,845 ! 8,6691,481 ] 1,503

12,245 i 14,0063,056 ! 3,6862, 327 3, 5653,166 ! 3,927

\ 78

5.55

4.15

4.0034, 1528,4231,506

13, 066| 3, 271

3,5974,288

: 75

: 5.50

4.15

4.0033, 8748, 2111,540

12, 7763,1854,0724,090

14, 444

10, 2914,153

90

5.50

4.15

4.0028, 3797,5851,4799,4722,7573,8993,187

14, 852

10, 3214,531

187, 068! 119,189

67, 879

1 88

5.50

1 4.15

4.0028, 247

! 6, 7051,452

11, 7722,6473,3322,339

15, 216

10,1205,096

226,267146, 87979, 388

88

5.50

4.15

4.0035, 4698, 5881,757

14, 9273,1574,2292,811

16, 057

10, 0376,020

192, 446121, 18371, 263

73

5.50

4.15

4.0027, 9746,9371,321

10, 4532,6304,2642,369

16, 751

10, 2536,498

209, 337134, 59274, 745

72

5.50

4.15

4.00« 28, 506

7,5801, 5128,7072,7715,1612,775

17,288

10,5176,771

195, 568131, 18864, 380

77

5.50

4.15

4.000 23, 558

6,8591,2526, 0882,2684,7342,355

LUMBER AND MANUFACTURES

LUMBERExports (boards, planks, and scant-

lings)** M ft b mRetail movement:

Retail yards, Ninth Fed. Res. Dist.:Sales M ft. b. mStocks, end of month M ft. b. m

Retail yards, Tenth Fed. Res. Dist.:Sales M ft. b. mStocks end of month M f t b. m

FlooringMaple, beech, and birch:

Orders:New M ft. b. m .Unfilled, end of month M ft. b. m__

Production M ft. b. mShipments M f t b mStocks, 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. mShipments M ft. b. mStocks, end of month __ _ __M ft. b. m

HardwoodsHardwoods (Southern and Appalachian dis-

tricts):Total:

Orders:New mill. ft. b. mUnfilled, end of month mill. ft. b. re-

production mill. ft. b. mShipments mill. ft. b. m__Stocks, total, end of month. .mill. ft. b. m..

Unsold stocks mill. ft. b. m._Gum:

Orders, unfilled, end of monthmill. ft. b. m _ _

Stocks, total, end of month. .mill. ft. b. m..Unsold stocks mill ft b m

Oak:Orders, unfilled, end of month

mill. ft. b. r^-Stocks, total, end of month.. mill. ft. b. m..

Unsold stocks _ mill. ft. b. mNorthern hardwoods:

Production _ . M ft. b. mShipments M f t b m

SoftwoodsFir, Douglas:

Exports: §Lumber* M ft. b. m..Timber M ft. b. m..

Orders:Newt _.M ft. b. m__Unfilled, end of month-.. M ft. b. m__

106, 766

4,01953, 948

1,62625, 399

2,6693,5103, 3392,668

21, 001

6,2465, 6787,7046,964

63, 614

12426186

1091,9321,671

49432383

106648542

45, 32527, 565

97, 956

« 2, 604« 61, 820

1,86227, 951

2,2194,7892,3533,234

18, 210

3,36510, 6556,8546,417

65, 234

71218135116

1,8701,652

44395352

85582496

13,2989,811

30, 87118, 975

69, 385123, 351

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

70, 282

3,07760, 533

1,79227, 493

4,7635,6672,9643,665

18, 666

28, 23829, 7887,7378,112

65, 285

124240128116

1,8911,651

46414368

88588500

16, 73313, 354

25, 49213, 876

119,970144, 143

83,453

2,9941 61,827

2,059| 28,351

6,4387,1674,5964,643

18, 828

68217,0058,919

13,71162, 532

135239120128

1,8621,623

48425377

90582492

19, 96518, 086

25, 38020, 824

145, 933123, 103

109,919

4,44062, 857

2,30028, 052

3,0375,5984,2264,303

19, 195

5,80012, 41510, 3609,476

63, 938

150265135131

1,8561,591

48424376

110578468

17, 22718, 204

j

52, 95625,256

141, 457152, 648

60, 991

6,46763, 800

2,26827, 760

4,4375,9984,4804,512

19, 526

8,64611, 1359,5469,813

62, 635

113241116124

1,8611,621

44427383

95580485

14, 58116, 919

14, 70110, 422

139, 666179, 059

53, 879

6,65662, 665

2,08327, 734

3,2835,7714,1033,573

20, 828

6,5219,4268,9517,965

63, 375

94232146109

1,9141,682

41442401

95606511

12,89013, 090

1,173426

83, 710153, 991

62, 452

6,57460, 754

1,29013, 643

4,0925,6062,4514,421

19, 059

6,9378,7647,3017,713

64, 251

9822811694

1,9401,712

39447408

91623523

9,57810, 607

7,1903,252

89, 530225, 167

115, 145

8,65764, 388

2,10327, 259

4,0725,1483,3264,279

18, 741

8,0618,2418,1159,041

64, 168

105229101101

1,9591,730

36450414

96634538

7,129 i13, 290

60, 13834, 513

143, 695131, 161

92, 933

9,25161,864

2,27826, 548

3,1654,7003,5293,386

19, 582

8,2128,2428,5799,003

63, 444

9422310594

1,9611,737

37452415

93638545

5,04813, 075

38, 95429, 363

127, 132136, 980

104, 126

10, 29057, 614

2,80126, 221

3,3954,1494,5463,408

20, 832

9,8027,9729,404

10, 09562, 793

10122998

1051, 9471,719

36445409

99641541

5,18814, 043

35, 95919, 715

125, 789140, 114

93, 860

« 7, 777a 55, 191

2,49925,929

2,9053,8192,6733,005

20,286

8,2626,4259,1829,533

63, 077

10922790

1131,9271,700

38441403

97639542

40,72826, 158

124, 446110, 121

0 Revised.* New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. For earlier data on leather stocks,

see p. 19 of the January 1935 issue. New series on leather gloves and mittens cover 234 identical manufactures as reported to the U. S, Department of Commerce, Bureau ofthe Census. Data prior to July 1933 are not available. These data are not comparable with figures through January 1934 previously shown in the Survey.

§ Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber.1 Data for March, June, August, and November 1934, are for 5 weeks; other months, 4 weeks.p Preliminary.• Data revised for 1933. See p. 20 of the September 1934 issue.




1934

Decem-ber

1933

D-T-j January Febru-ary

1934

March April May June July August Septem-ber October Novem-

ber

LUMBER AND MANUFACTURES — Continued

LUMBER— ContinuedSoft woo ds— C ontimied

Fir, Douglas— ContinuedPrice, wholesale:

No. 1 common dol. per M ft. b. m_.Flooring, 1 x 4, "B " and better

dol. per M ft. b. m__Production^ _.M ft. b. m._Shipments^ M ft. b. m

Hemlock, northern:Production _ M ft. b. m__Shipments _ .M ft. b. m

Pine, northern:Orders, new M ft. b. m._Production .M ft. b. m .Shipments M ft. b m

Pine, southern:Exports:

Lumber§ M ft. b. mTimber§__ 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 f t b m

Redwood, California: JOrders:

New M ft. b. mUnfilled 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 orders-New no. of days' production. _Unfilled, end of month

no. of days' production..Outstanding accounts, end of month

no. of days' sales..Plant operations! .percent of normal. _Shipments no of days' production

Southeastern district:Orders, unfilled, end of month

dol., average per firm..Shipments _ dol., average per firm..

Prices, wholesale:Beds... 1926=100.Dining-room chairs, set of 6 1926=100..Kitchen cabinets 1926=100Living-room davenports 1926 = 100. .

Steel furniture. (See Iron and Steel Section.)

16.00

34.00

4,718608

4, 237

24, 8517,450

72, 84249, 16435. 00

79, 25874, 603

15, 93214, 60421, 24217, 934

39.0

13.55

5

1532.0

7

22, 07031,311

68.490.184.176.6

18.50

37.00111,017106, 093

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

18.56

37.00109, 22681, 472

3,6316,464

5,2241,5786,192

20, 4154,516

102, 72076, 07438.11

106, 01988, 198

13, 93526, 85319, 93920, 349

31.0

4.010

10

1829.0

6

37, 51837, 943

76.190.187.579.4

19.00

37.00132, 056111,912

6,3126,297

6,9052,3575,535

22, 6557,652

108, 33690, 42538.21

112, 14199, 193

20, 27827, 69822, 90118, 943

30.0

8.06

9

1828.5

7

34, 12351, 145

76.190.187.579.4

19.00

37.00150, 857131, 161

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

19.00

37.00152, 648136, 980

6,5887,631

5,9244,3666,384

27, 7353,725

110, 34897, 49838.28

116, 615108, 320

19, 21730, 69324, 48220, 644

30.0

9.55

6

1827.0

7

18, 91146, 177

74.990.187.579.4

18.00

37.00132, 056106, 988

5,6588,734

6,9708,9336,000

23, 1138,885

121, 02882, 51437.86

117, 665122, 202

23, 30033, 74026, 19920, 147

30.0

8.07

7

1627.0

6

18, 93444, 612

73.290.187.579.4

18.00

37.0077, 44368, 042

10, 1598,725

8,79411, 1348,317

26, 6046,506

100,86376, 32638.02

107, 606115, 461

17,95832, 76925,88019, 402

32.0

7.07

7

1519.0

5

26, 36030,821

71.590.187.579.4

18.00

37.0069, 83365, 804

11,5506,157

5,34111, 2667,482

26, 5029,557

90, 79677, 59936.55

99, 22296, 295

15, 83429, 53420, 64718, 156

35.0

5.09

9

1522.0

7

40, 31746, 943

71.590.187.579.4

18.00

30.00144, 143162, 049

7,86110, 046

6,7548,6646,902

26, 6987,754

113, 56164,36634.77

98, 961113,913

19, 70424, 94625, 93025,444

39.0

5.08

9

1624.0

8

34, 75963, 349

71.590.187.579.4

16.00

34.00140, 561144, 590

5,92010, 198

4,1985,1896,457

22, 12910, 082

99, 84058, 98734.97

97, 928103, 908

21, 16821, 93025, 44923, 991

42.0

5.09

9

1725.0

8

32, 67460,211

71.590.187.579.4

16.00

34.00129, 370113, 703

4,43511,014

6,5033,2667,755

22, 8849,474

113,80062, 82734.99

102, 324114, 402

22,81116, 87328, 21525, 204

41.0

6.510

8

1825.0

10

24, 28464, 616

71.590.187.579.4

16.00

34.00122, 656123, 998

5,0441,0145,526

23, 3866,471

101, 58559, 67835. 03

96, 490108, 715

20, 42416, 86826, 34519, 755

42.0

6.010

9

1634.0

8

19, 07146, 721

70.990.187.576.6

METALS AND MANUFACTURES

IRON AND STEELForeign trade, iron and steel:

Exports§ long tons..Imports*!? long tons..

Price, iron and steel composite *do], per long ton..

Sales, iron, steel, and heavy hardwareJanuary 1921=100..

OreIron ore:

Consumption by furnacesthous. of long tons..

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)*thous. of long tons..

282, 65519, 708

32.39

0)

1,50673

34, 37329,2185,155

36, 50532, 746

39629,593

37,615

184, 57931,310

31.01

91

20 !0 I

34,673 i29,346 !5,327 |

178, 02322,653

31.15

1,656

000

32,97327,7275,246

151,18425,407

31.30

78

1,72864

000

31,21626,0405,176

26, 30521,870

25.622,310

35,505 i75 i

32,50130,417

35.826,642

41,08587 i

36,59433, 939

40.131,412

46,260

24,49928,340

33.4 !31,607 i

48,190 i

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--Numberi Temporarily discontinued.* New series. Earlier data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932

castings, p. 20 of the April 1933 issue. New series on iron and steel composite price are shown on p. 19 of the January 1935 issue.§ Data revised for 1932. For revisions, see p. 45, exports of southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised

see p. 20 of the September 1934 issue.t Revised. Data prior to April 1933 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.• Imports from Cuba not included.# See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.^ Data for March, June, August, and November 1934 are for 5 weeks; other months, 4 weeks.

261,26938,393

31.38

2,190 i79

29,04124,060

4,981

201,539 I26,862 !

241,75329,465

32.67 j 32.97

42,96143,438

49.941,530

53, 72096

105 i

2,470128

000

26,58122, 0104,571

20

38,45340, 742

47.939,817

63,270110

114

2,958202

1,468683

2,631

25,59821, 2184,380

49

32,63937,165

42.739,493

67,300117

219,40624,858

32.96

109

2,721

3,1181,1514,461

27,04322,7004,343

233,18617,676

32.32

82

1,600196

3,3621,0904,432

29,96125,461 !4,500

30

21,86223, 38827.6

27,591

35, 58575

242, 94732, 418

32.24

87

1,444154

3,0921,1474,162

32, 71327,8584,856

21

21,30623,91027.8

25, 784

31,29562

301, 33023, 847

32.15

0)

1,23677

2,3431,0253,439

34, 91429, 7135,201

5

19,51121, 54125.6

20, 360

28, 21562

220, 20920, 202

32.10

0)

1,30699

1,761960

2,641

36, 34131,0565,285

13

18,78525, 31730.3

21, 683

31,31065

299, 26335, 272

32.15

0)

1,29879

421257484

35, 87430, 6255,249

11

28, 53028, 51533.5

21,615

» 29,395«59

issue; for

for 1933;




1934

Decem-ber

1933

Decem-ber

1934

January Febru-ary March j April May June July August Sep*|m- October Novem-

ber

METALS AND MANUFACTURES—Continued

IRON AND STEEL— ContinuedIron, Crude and Semimanufactured-

ContinuedPig iron— Continued

Prices, wholesale:Basic (valley furnace)— dol. per long ton..Composite pig iron___ _.dol. per long ton--Foundry, no. 2, northern (Pitts.)

dol. per long ton._Production thous. of long tons__

Iron, Manufactured ProductsCast-iron boilers and radiators:

Boilers, range: tOrders:

New number of boilersUnfilled, 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 boilersStocks, end of month - _ _ number of boilers. _

Boilers, round:Production thous. of IbShipments thous. of lb_.Stocks, end of month __ thous. of lb_.

Boilers, square:Production ___thous. of lb__Shipments thous. of IbStocks, end of month thous. of lb__

Boiler fittings, cast iron:Production short tonsShipments _ _ _ short tons..

Boiler fittings, malleable:Production ...short tons..Shipments short tons.-

Radiators:Production

thous. of sq. ft. heating surf ace. .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 grillesthous. of sq. ft. heating surface t--

Heating elements, including cabinets andgrilles

thous. of sq. ft. heating surface t-_Sanitary Ware

Bathroom accessories: tProduction number of pieces-Shipments number of piecesStocks, end of month number of pieces. _

Plumbing brass. (See Nonferrous metals.)Plumbing and heating equipment, wholesale

price (8 pieces)*. ._ dollarsPorcelain enameled flatware:

Orders, new, total dollars-Signs dollars..Table tops __ ..dollars

Shipments, total dollars-Signs dollarsTable 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 pieces..Unfilled, end of month, .number of pieces _ _

Shipments number of pieces. _Stocks, end of month number of pieces. .

Steel, Crude and Semimanufactured

Bars, steel, cold finished, shipments-short tons._Castings, steel: •

Orders, new, total _ _ _ _ short tonsRailway specialties short tonsPercent of capacity

Production, total short tons..Railway specialties short tonsPercent of capacity

Ingots, steel: §Production thous. of long tons

Percent of capacity

18.0018.94

20.391,028

44, 906

16, 329

16, 329

040, 33737, 47135, 446

2,9463,626

32, 366

13, 09913, 43696, 554

4, 2983,060

2, 9921,914

3,6324,482

24, 786

115

182

267, 293271, 912372, 876

206. 50

525, 540193, 535111, 188530, 050204, 527106, 772

1,2693,0201,3009,703

227, 462274, 404129, 418464, 360

24, 049

27, 3128,12817.4

23, 9165,14215 3

1 94135

17.0017.94

19.391,182

° 30 591

13, 307

6,275

7,032a 22, 287° 27 207

33, 897

3 4143,156

35 005

9,0489 064

89, 667

3 3443 592

1,5811,627

1,6552,870

30, 029

95

96

94 14188 297

361,424

204 10

346, 459173, 67642 609

439, 693257, 02148 538

1,5988,9471,562

10,071

35,06780, 17342, 662

579, 227

42, 036

25, 6124,90016.4

23, 7185,02415 1

1 79933

17.0017.94

19.391,215

45 788

20, 555

16, 454

4,10143 46638 54038, 823

4 8°02,823

35 685

9,9808 300

96,896

4 9086 362

2,5703 414

2,2662,484

30, 295

126

60

169 894174 069357, 249

204 17

391, 358165, 40262 019

472 676238 11062 900

1,8188,7221 9099,162

56, 57781, 33455, 416

643, 054

19, 409

26 2965,85216.8

27,6447,08517 6

1 97133

17.0017.94

19.391,264

88 274

21, 725

19, 002

2,72380, 66887 10432, 387

4 2463,081

40, 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, 165

« 1, 2658,320

a 1, 536« 9, 818

79,10689,87870, 688

660, 658

25, 989

35 69815, 471

22.828, 5266,428

18 2

2 18341

17.0017.94

19.391,620

39 974

14, 368

12, 044

2, 32449, 10046 30135, 186

4 9132,827

40, 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

60, 04626, 758

38.339, 49112, 174

25 2

2 76146

17.2518.36

19.641 727

39 326

17, 013

13, 101

3,91235 96036 68134, 465

3 989

2, 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, 436

700, 419

28, 885

63 14232, 818

40.346, 24218 324

29 5

2 89853

18.0018.94

20.392 043

35 683

11,338

8,688

2,65041 02141 35834, 128

4 1332,659

43 585

15, 0148 332

118,411

3 5573 604

2,8562,570

3,6692,630

32, 775

45

95

233,176219 629383, 646

216 88

899, 506343, 340112 965842, 156302, 888110 862

1,8225,2772,354

10, 422

116, 52387, 095

109, 878693, 986

30, 809

46 83116, 812

29.957, 31323, 309

36 6

3 35356

18.0018.94

20.391,930

34 627

11,818

9,150

2,66834 74133 18034, 902

3 3422,361

44 544

15, 49810 029

123, 956

3 4953 586

2, 4362 445

3,9643,197

33, 537

62

122

222 872223 461383, 557

218 91

736 858266,811107 398826 975307, 511116 601

1,7224,8521 769

10, 981

127, 557103, 400111,252677, 830

29,940

41 53710 408

26 550, 26818 904

32 1

3 01653

18.0018.94

20.391 225

33 576

9,738

7,844

1,89433 25533 74633, 869

2 6912,592

44 739

11,65211 172

124,414

3 3333 523

2,2822 180

3,4833,136

33, 867

77

128

156 270150 739383, 161

217 88

594 146226, 883110 079738 460304 752106 273

1,7854,3901 954

10, 762

110, 20997, 710

115,899658, 788

18, 130

41 82222 407

26 746, 18217 661

29 5

1 47327

18.0018.94

20.391,054

36 006

9,993

8,695

1,29837, 73535 75135, 853

4 1954,571

44 437

15, 55417 890

121, 973

3 9144 651

2,1742,484

4,2825,336

32, 969

62

178

205 380211 005375, 376

218 16

719, 146306, 463145 494740 802332, 917145 001

2,7234,3332 5429,626

126, 652105, 703118, 659636,872

17, 622

25 5385 697

16 343, 74817,741

27 9

1 36323

18.0018.94

20.39898

51, 734

12, 724

11,878

84645, 37549, 00332, 225

3,8866,258

42, 035

15, 03025, 208

111,740

4,2254,655

2,3832,354

4,0116,262

30, 885

44

158

349, 072328, 010376, 512

211. 26

636,811193,716220, 279652, 158232, 206195, 541

2,0173,8542,1988,847

134, 088111,083128, 708597, 803

14, 304

20, 0304,41712.8

31,81611, 152

20 3

1 25223

18.0018.94

20.39951

a 64. 211

10, 195

9,492

70363, 434

« G6, 740« 28, 919

5,76210, 65237, 136

18, 83334, 18596, 329

6,0455, 943

2,8382, 890

4,6809,282

26, 517

S4

196

143, 483133 574371, 499

207 03

713 141248, 598178 245764, 436269, 665205 059

2,4273,2982 7717,873

245 098158,326197, 855505, 677

18, 500

24 3275 538

15 529, 1429 309

18 6

| i 4f)925

18.0018.94

20.39957

57, 566

9,740m

9,355

38559, 67359, 439

« 29, 153

4,3915, 330

36, 218

19,78319,35396, 933

5, 9955,027

2,9843,090

5,2086,456

25, 473

124

131

° 202, 354« 195 289

370, 036

206. 89

563 137180, 523133 900583, 567199, 652131 993

2,5823,6672 1107,610

178, 239176, 360160, 205464, 222

17, 923

21 5524 283

13 825, 799

7 21816 5

1 58928

* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment. Figures on convection-type radiators prior toJanuary 1932 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. See p. 47 of the August 1934 issue. For 1932 revisions, see p. 46 of the July 1933 issue.• See footnote on p. 20 of the October 1934 issue.




1934

Decem-ber

1933

«- January ^bru- March April

1934

May June July August Septem-ber October Novem-

ber

METALS AND MANUFACTURES — Continued

IRON AND STEEL— ContinuedSteel, Crude and Semimanufactured-

ContinuedPrices, wholesale:

Composite, finished steel dol. per lb_.Steel billets, Bessemer, Pittsburgh

dol. per long ton..Structural-steel beams, Pittsburgh

dol. per lb._Steel scrap, Chicago dol. per gross ton..

U. S. Steel Corporation:Earnings net thous of dol__Shipments, finished products* ..-long tons..

Steel, Manufactured ProductsBarrels, steel:

Orders, unfilled, end of month number--Production number..

Percent of capacity -Shipments number .Stocks 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 dol._Plate, fabricated steel, new orders, total

short tons..Oil storage tanks short tons..

Sheets, black, blue, galvanized, and full fin-ished:

Orders:New short tonsUnfilled, 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 tons _Tin and terneplate:*

Production... thous. of long tons..Track work, production short tons..

MACHINERY AND APPARATUSAir-conditioning equipment:

Orders, new, total .thous. of doL.Air-washer group thous. of doL,Fan group thous. of dol _Unit-heater group thous. of doL.

Electric overhead cranes:Orders:

New... thous. of doL.Unfilled, 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=100Unfilled, 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 burnersStocks, end of month no of burners

Pulverized fuel equipment:Orders, new, storage system:

Furnaces and kilns.. _no. of pulverizers..Water-tube boilers no. of pulverizers..

Orders, new, unit system:Fire-tube boilers no. of pulverizers ..Furnaces and kilns. __no. of pulverizers ..Water-tube boilers.. .no. of pulverizers..

Stokers, mechanical, new orders:Class 1, residential* numberClass 2, apartment and small commercial*

numberClass 3, general commercial and small com-

mercial heaters* numberClass 4, large commercial:*

NumberHorsepower- _ _

.0244

27.00

.018010.31

418, 630~

452, 930373, 850

26.4374. 92427, 328

260331

1,063619

1,090

219164208

190230172171

26, 0255,185

902,272

1,232118427687

129592207

66.954.481.1

4,836674

5,44512, 136

30

068

I1

1

.0231

26.00

.01708.94

5,537600, 639

597, 453556, 586

41.9556, 62737, 151

309328

964719

1,040

288231203

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

.0231

26.00

.017010.50

331, 777

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

00

004

.0231

26.00

.017011.00

385, 500

500, 355521, 950

38.6520, 98739, 442

227212

1,023910894

274272279

143174126174

14, 6412,476

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

.0231

26.00

.0170 i12.13

6,579 !588,209

726,569 :

620, 43946.0 ;

628,48531,396 :

376 i294 :

1,020 i975 ;956 :

396 !272395 I

158 !

166 !166 i231

38,9242,202 I

158,244 !

159,672 i220,282 i

67.8 i200,701 j114,93457,722 i

1644,446 !

881 !198 !353 i329 j

319 !479 i88 |

i

75.4 i51.562.6

5,0151,6524,967

13, 797

00

045

.0240

26.75

.017011.75

643, 009

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

1,097261518318

12352280

67.963.055.5

7,4792,4866,645

13, 627

02

20

12

.0253

29.00

. 018510.95

745, 063

865, 012431, 567

30.1426, 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

.0253

29.00

.01859.75

21,082985, 337

935, 651612, 695

42.8607, 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

044

;.

.0246 ) .0244

27.40 27.00

.0181 ! .01809.55 9.19

369, 938

684, 403519, 444

36.7528, 84731, 755

385458

8661,047

863

222191231

136200130171

12, 5232,028

72, 51769, 47285, 286

26.285, 442

110, 40071, 362

805,226

1,160254500406

16756378

50.743.167.2

7,8403,3316,432

18, 753

00

00

°17

378, 023

605, 573316, 340

22.3318, 67829,461

566597

870815

1,101

206172226

162196166162

16, 2933,334

66, 06464, 27077, 197

23.877, 706

109, 28271, 968

1155,364

1,147141477529

19468979

43.136.348.7

11,9213,715

11, 53717, 635

00

32

a 21

.0244

27.00

.01808.50

3,769370, 306

596, 694363, 885

25.5368, 771

24, 575

539626

813668879

209120261

11817713087

15, 1083,445

77,06367, 06276, 051

23.473, 26099, 88864,398

853,383

1,098141423534

5965989

46.446.637.0

15, 6342,321

17, 02814, 280

00

303

.0244 : .0244

27.00 27.00

. 0180 : . 01808.75 : 9.25

343, 962

460, 880524, 232

36.7516, 684

32, 123

416696

993664998

258154224

147181142130

16, 581927

102, 92077, 423

104, 89832.3

95, 107102, 26463, 667

932,153

1,39783

547767

136651143

55.349.151.5

17, 7541,621

18, 45411, 180

00

057

366, 119

330, 593421, 003

29.6419, 500

33, 626

•287a 447

1,026651

1,039

258196217

°161°216"126

129

16, 6293,252

133, 344100, 745143, 057

44.0108, 880107, 55065, 400

83a 2, 065

1,495142541812

139670158

80.469.759.6

8,5581,3208,859

11, 033

0:23

* Revised.* New series. For earlier data see p. 18 of the January 1934 issue, United States Steel Corporation shipments, p. 20 of the December 1932 issue, tin and terneplate, p. 19

of the January 1933 issue, stokers. Current oil-burner series available only back to January 1933 are based on reports from 149 concerns; see p. 48 of the May 1934 issue for1933 data.Digitized for FRASER




1934

Decem-ber

1933 • 1934


ary March 1 April May June July August 1 Se£erm~ October Novem-ber

METALS AND MANUFACTURES — Continued

MACHINERY AND APPARATUS-Con.Machine tools:^

Orders:New* 1926=100

Pumps:Domestic, water, shipments:

Pitcher, hand, and windmill units. .Power, horizontal type units—

Measuring and dispensing, shipments:Gasoline:

Hand operated units..Power units

Oil, grease, and other:Hand operated unitsPower . units..

Steam, power, and centrifugal:Orders:

New thous. of dolWater-softening apparatus, shipments}: . units. .Water systems, shipmentsj-. units.-Woodworking machinery:

Orders:Canceled thous. of dolNew thous. of dol—Unfilled, end of month thous. of dol—

Shipments:Quantity _ . .machines .Value 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. perlb_.

Babbitt metal:Production, total . thous. of Ib .

For own use . thous. of lb_.Sales thous. of Ib _

Copper:Exports, refined§* short tons..Imports, total§# _ _ _ short tons—

Ore and blister short tons—Price, electrolytic (N.Y.) dol. per Ib—

Lead:Ore:

Receipts in U.S. ore _ short tons .Shipments, Joplin district short tons—

Refined:Imports^ short tons..Price, pig, desilverized (N.Y.).dol. per lb__Production short tons..Shipments, reported... ...short tons..Stocks, end of month -.short tons .

Tin:Consumption in manufacture of tin and

terne plate* ..long tons .Deliveries ._ —long tons..Imports, bars, blocks, etc.# __long tons_.Price, Straits (N.Y.) dol. per Ib—Stocks, end of month:

World, visible supplv long tons..United States long tons

Zinc:Ore, Joplin district:

Shipments _. short tons _Stocks, end of month short tons

Price, slab, prime, western (St. Louis)dol. per Re-

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..

Electrical EquipmentConduit nonmetallic, shipments thous of ftDelinquent accounts, electrical trade. (See

Domestic trade.)Furnaces, electric, new orders kilowatts,-Electrical goods, new orderst (quarterly)

thous. of dolLaminated phenolic products, shipments

dollarsMica, manufactured:

Orders, unfilled, end of monththous, of dol

Shipments thous. of dol..Motors (direct current):

Billings (shipments) dollarsOrders, new dollars _

66.1

26, 612517

4191,794

4,490339

630322

4,270

4244247

114236

12, 587

"""."1697"

2,164541

1,622

23, 64815, 15213, 922.0878

25, 5634,767

851.0360

32, 50034, 680

235, 457

1,4004,5301, 478.5087

13, 6982,638

36, 82717,600

.037135, 68532, 94431, 70731, 707

119, 830

984

Panelboards and cabinets, shipmentsthous. of dol .

• Revised.* New series; for earlier data, see p. 20 of the Decemlt Revised series; for earlier data on new orders for el€t Present series on water systems now cover 49 comp

for 1934, zinc.• Data on exports revised for 1933; see p. 20 of the Se5 Series covering t hipments and unfilled orders tempo§ Data for 1932, revised; for revisions see p. 48 of the

1934 issue.# See footnote on p. 35 of this issue. Data for 1933 re

70.0

17, 539395

2621, 356

3,003342

545227

2,646

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

ber 1932 fcctrical goanies. D

ptember 1rarily disJune 193

Fised; see

53.7

21, 242317

4881,262

4,468411

663248

4,144

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

.5188

22, 4768,209

20,80219, 428

.0427«33, 07728, 744

"26, 656«26, 612

•111, 981

1,606

1,147

601, 395

14299

220, 776235, 394

148

>sue for tiods see p.ata revise

934 issue.3ontinuec3 issue, 63

p. 20 of tl

50.9

32, 734450

•661«1, 888

5,323621

469324

4,835

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

.0438-30, 29630, 763

"32, 485°32, 485

°109, 792

1,097

1,422

566, 490

.112121

309, 232215, 558

152

n and ten19 of the

jd beginn

cports of r

le Octobe

48.1

30, 620639

°849«1,879

5, 119404

727322

6,691

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

.0437«33, 84526, 952

-32, 877"32, 874

°110, 760

1,111

1,462

92, 302

844, 449

78158

274, 937337, 280

192

ae plate;August 1(

ng Janua

efined an

r 1934 issu

46.5

26, 887553

6852,745

6,678613

654386

5,275

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

.0437-30, 68626, 692

"32, 072«32, 072

"109, 374

1,488

1,415

780, 160

78111

287, 031245, 784

197

p. 20 of th)33 issue,ry 1933.

d total in

e.

45.9

29, 848777

6923,327

6,960608

665486

7,501

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

2,5704,1103,932.5352

17, 3715; 069

25, 30017, 922

.0435«30, 94427, 193

°35, 589•35, 589

"104, 729

1,981

1,090

760, 788

63147

280, 771321, 483

225

e July 19,

See p. 49

iports of c

35.3

34, 320715

7732,712

5,526579

703332

8,818

3237233

123220

13, 394

.2095

.1003

2,262643

1,619

30, 72123, 22623, 221.0859

21, 8035,082

1,662.0398

29, 69526,276

238, 181

2,3303,8454,242.5122

17, 2515,094

34, 93421, 788

.0424"25, 16031, 284

°30, 217•30, 169"99, 672

1,551

484

128, 034

804, 870

53114

335, 307366, 613

204

*4 issue fo

of the De

jopper for

34.7

27, 851891

4883,193

5,242488

541274

6,331

2252297

127186

13, 249

.2095

.0938

1,989553

1,435

25, 32414, 78014, 724.0878

22, 3041,518

1,719.0377

27, 35429, 479

240, 595

1,2403,5754,900. 5192

16, 3136,461

11, 82013, 368

.0432"24, 75630, 324

°26, 966°26, 966•97, 462

1,426

479

667, 198

57106

260, 355207, 654

211

r machine

cember 19

1933 revis

41.4

34, 077821

6202,630

5,092614

580320

7,618

5262312

148239

12, 985

.2095

.0907

1,856457

1,400

24, 27916, 56515, 048.0878

26, 0802,238

1,587.0375

22, 99933, 606

234, 312

1, 7804,0452,826.5195

15, 4944,968

27, 68616, 992

.0428«26, 16930, 442

*21, 663-21, 663

•101, 968

1,575

1,150

695, 382

4699

297, 734243, 700

328

) tools (In

34 issue.

sions on z

36.2

23, 454635

5381,867

4,860614

637354

4,775

1172241

199242

14, 463

.2095

.0888

1,653380

1,273

24, 47612, 23610, 895.0878

26, 7133,901

2,055.0369

27, 07036,018

230, 219

1,3203, 8503,231.5149

15, 3864,243

31,78221,290

.0405«26, 51531, 352

«21, 913«21, 913

•106, 570

1,609

1,163

100, 334

561, 273

6784

209, 308242, 528

207

eluding fc

Note the

me, see p.

43.9

20, 217664

«2, 240

5,942766

663388

4,895

4222228

152227

16, 749

.2095

.0923

1,808444

1,364

29, 78422,81719,131.0878

25, 2181,183

2,726.0365

31,24335, 943

229, 859

1,4402,9253,148.5093

16, 4754, 998

21, 20317, 337

.0383"34, 52731, 964

•30, 294°30, 294

«110, 803

1,692

1,519

585, 565

62106

262, 947306, 879

257

rging equ

5 complet

49 of the

52.4

18, 630506

5632,306

5,591422

615278

4,955

243249

114214

14, 130

1,726398

1,327

28, 67518, 48617, 286.0878

23,2111,782

797.0357

29, 755«31, 762

"232, 934

1,2904,8453,859.5122

15, 0944,048

23, 06320, 574

.0373"34, 97732, 793

°29, 928°29, 875

a!15,852

1,810

3,284

528, 025

64116

233

ipment. )

3 revision

JanuaryDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1934

Decem-ber

1933

Decem-ber

1934

January Febru-ary March | April May June July August Septem-

ber October Novem-ber

METALS AND MANUFACTURES—Continued

NONFEREOUS METALS ANDPRODUCTS— Continued

Electrical Equipment— ContinuedPorcelain, electrical, shipments:

Special - dollarsStandard _ dollars--

Power cables, shipments thous. of ft._Power switching equipment, new orders:

Indoor dollars _Outdoor - - dollars. _

Eadiators, convection type. (See Iron andsteel.)

Reflectors, industrial, sales units ..Vacuum cleaners, shipments:

Moor cleaners .. number. .Hand-type 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): •

Shipments and deliveries net tonsBrass, 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. ft._New thous. of sq. ft..Unfilled, end of month thous. of sq. ft._

Production thous. of sq. ft_.Shipinents thous. of sq. ft_.Stocks, end of month— thous. of sq. f t_ .

Fire-extinguishing equipment. (See auto-mobiles.)

45, 18920, 723

380

48, 678

990270

.143

42329479317281743

42, 43314, 657

173

31, 34739, 083

63,768

60,00018, 357

1,591313

4306

2,145

347, 988.139

93249460364339698

30, 42620, 543

177

32,28938, 002

49, 978

45, 00614, 802

1,741313

4219

4,053

552, 353.138

80368459356312714

28,56817, 244

180

33, 12243, 075

45,604

54,00011, 908

1,464294

4252

4,322

660, 820.138

76307451324311714

43, 43322, 403

390

33, 90392,297

48, 456

78, 47523, 461

1,908387

2335

5,291

799, 592.138

63691798430384748

40, 37427, 666

321

35, 47586,788

52, 453

65, 52618, 759

1,767357

9332

5,223

704, 816.140

56314745418378788

42, 30722, 169

312

33,283115, 806

57, 641

65, 21321, 738

1,912432

1395

5,143

788, 911.143

51279622350325814

51, 35921, 539

363

27, 61190, 477

46,681

50, 34820, 014

1,833451

1333

4,941

740, 222.144

48238461343401725

53, 52322, 383

337

22, 920125, 838

44, 666

40, 06512, 025

1,839316

2292

4,317

693, 979.145

49282423281300718

49, 37124, 691

470

45, 045107, 437

50, 746

50, 21118, 097

1,552329

1241

3,757

707, 156.145

50369393382380696

39, 35123, 599

220

36, 728113, 002

48, 256

63, 93621, 758

1,333270

7223

3,260

708, 694.145

47292407331273747

56, 09927, 263

277

35, 32296, 646

56, 021

67,41420, 384

1,306315

2371

4,106

°960, 463.145

41417441357371735

49, 07327, 585

223

37, 44291, 908

53, 255

1,053267

5273

3,919

849, 415.144

42337428333326742

PAPER AND PRINTING

WOOD PULPChemical:

Consumption and shipments, totalfshort tons

Soda short tonsSulphite, total short tons _

Bleached short tonsUnbleached short tons

Sulphate short tonsImports f# short tons..Price, wholesale, sulphite, unbleached

dol. per 100 lb__Production total! short tons

Soda short tons..Sulphite, total - short tons

Bleached short tons..Unbleached short tons

Sulphate short tonsMechanical (ground wood):!

Consumption and shipments short tonsImports# short tons_.Production short tons

PAPER §Total paper:

Production! short tonsShipments! short tons..

Book paper:Orders, new:

Coated percent of normal productionUncoated percent of normal production

Orders, unfilled:Coated number of days' productionUncoated number of days' production

Production! short tonsPercent of capacity

Shipments! short tonsNewsprint:

Canada:Exports short tons _Production. short tons..Shipments from mills ... short tons..Stocks, at mills, end of month-short tons..

United States:Consumption by publishers... short tons..Imports? short tonsPrice, rolls, contract, destination, N. Y.

base . - dol. per short ton--Production, total short tons..Shipments from mills * short tonsStocks, end of month:

At mills short tonsAt publishers short tonsIn transit to publishers short tons..

139, 263

2.10

17,950

245, 136239, 544254, 65730, 366

165, 496222,897

40.0079, 77786, 363

12, 428277, 12546, 237

278, 55133, 897

153, 57965, 05088, 52991, 075

158, 815

1.95275, 70034, 448

151, 43464, 72686, 70889, 818

105, 10115, 872

107, 465

738, 266733, 585

5059

77

85, 419

88, 580

185, 637"175,042"172,015« 33, 689

148, 427168, 787

40.0080, 89582, 031

« 24, 572199, 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

65

109, 405

2.10

77, 150

2.10

125, 486

2.10

9,239

6764

65

14, 243 17, 555

._

6363

.

131,919 239,443174,447 ; 211,819169,054 207,90640,445 ; 42,973

!

153,958 156,721124,584 168,839

40.00 40.0071,544 84,96668, 127 | 88, 078

22,060 18,630192,808 i 192,33538, 345 i 45, 749

157,031216, 510220, 76937, 247

160,815196, 490

40.0080, 50583, 196

22, 335202,46743, 432

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, 44946, 782

154, 175200,004

40.0082, 26078,480

24,080241, 13628, 915

150, 031

2.10

21, 037

212, 845208, 238199, 92665, 099

150, 600197, 227

40.0074, 01768,047

30, 174253, 48928,202

142, 864

2.10

17, 272

183, 930216, 164209, 93861, 359

145, 095171, 390

40.0079, 97189,984

20, 601270, 69027, 670

139, 512

2.10

19, 319

190, 794196, 172195, 32061,903

151, 900159, 944

40.0074, 12069, 728

23, 702241, 89342, 818

165, 936

2.10

16, 880

204, 904235, 021228, 92167, 994

168, 372201, 146

40.0080, 56281, 229

22, 596236, 73433, 717

146, 060

2.10

18, 707

221, 553240, 869262, 20646, 488

172, 287194, 392

40.00•74, 851•79, 129

18, 425244, 38835, 391

• Revised.* New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. Data prior to October 1931 not published on brass plumbing fixtures.! 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

1932ifor chemical wood pulp imports; and p. 19 of the December 1933 issue for book paper.# See footnote on p. 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.• Beginning with January 1934 figures have been compiled by the Code Authority of the Ingot Brass and Bronze Industry. The figures are more complete than those on

deliveries previously shown. Shipments of the concerns formerly reporting contribute about 80-85 percent of the total for the present series.§ The Code Authority for the Paper Industry is expected to shortly resume publication of some of these paper figures.




1934

Decem-ber

1933 1934

Debc^m- January Febru-

ary March April May June July August Septem-ber October Novem-

ber

PAPER AND PRINTING — Continued

PAPER— ContinuedPaper board:*

Production - short tonsShipments short tons..

Paper board :§Consumption, waste paper _. short tonsOrders:

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:

Production ! short tonsPercent of capacity

Shipments! _ short tons..Wrapping paper:

Production! short tons..Percent of capacity

Shipments! short tons..All other grades:

Production! short tonsShipments! short tons—

PAPER PRODUCTSAbrasive paper and cloth, shipments:

Domestic reams. _Foreign _ reams..

Paper board shipping boxes:Production, total - .mills, of sq. ft—

Corrugated* mills, of sq. ft—Solid fiber* mills, of sq. ft

PRINTINGBlank forms, new orders thous. of sets-Book publication, total. ..number of editions.-.

New books number of editions .New editions number of editions

Operations (productive capacity) 1923 = 100Sales books:

Orders, new thous. of booksShipments thous. of books..

--------

41, 5365,220

1,4921,323

169

76, 2391,080

847233

11, 23311,590

265, 468264, 672

145, 397

169, 11648, 920

176, 33747.1

152, 71264,965

172, 231

21, 540

43, 23665

39, 993

99, 25970

100, 053

157, 350151, 528

29, 58111, 733

60, 08388276411874

11, 2019,668

173, 251

218, 16963, 328

230, 31157.3

187, 55777, 825

178, 284

27, 779

41,3119,450

« 1,437« 1, 263

« 175

62, 642470393

7772

9,43011,219

180, 715

234, 31875, 143

223, 36663.5

192, 68575, 687

197, 371

37, 065

46, 23510, 947

« 1, 4591,282

177

60, 7896305399174

9,7339,932

229, 718

264, 98586, 033

254, 81963.4

221, 11484, 326

205, 891

31, 346

56,81115, 322

« 1, 827« 1, 603

225

72, 204806677129°77

12, 13510, 953

197, 368

230, 75476, 578

244, 33466.1

213, 95682, 190

215, 479

28,493

57, 0977,312

« 1,650« 1, 447

204

70, 2095854919475

9,78210, 655

175, 852

225, 95780, 958

223, 47855.4

197, 54374, 670

227, 708

27, 707

58, 12111,854

« 1, 693« 1, 492

201

72, 1675424578577

11, 65011, 395

207, 140

214, 23672, 990

224, 21457.1

190,89670, 659

221, 667

15, 970

54, 1858,030

« 1, 640« 1, 438

202

92, 18269856413471

11, 12711,470

224, 549

200, 27873, 256

201, 92452.6

179, 26469, 119

230, 129

27, 726

46,0508,100

1,5760 1,371

205

63, 1334853869971

11, 42211,357

208,065

246, 18771, 523

246, 26658.7

223, 68670,064

232,650

24, 877

48, 5288,216

« 1, 779« 1, 545

"234

69, 9375524579570

11, 12913, 010

200, 164

228, 80472, 930

233, 42661.4

198, 72971,478

241, 445

26, 618

48, 9866,990

1,757a 1,521

"236

76, 89585271214078

11, 79910, 793

«230, 695

255, 74468, 756

263, 67963.9

°226, 740°73, 325

°230, 921

•33, 005

52, 3925,998

1,9431,096

247

82, 10377165311878

14, 60512, 924

196, 461

218, 98062, 352

227, 73357.8

193, 37272, 592

226, 673

27, 764

46, 6358,121

1,6341,442

193

83,11872761211580

11,56411,399

RUBBER AND RUBBER PRODUCTS

CRUDE AND SCRAP RUBBERCrude:

Consumption, total long tonsFor tiresJ! _ long tons

Imports, total, including latex !#..long 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 tonsUnited States! - - - -long tons

Reclaimed rubber:Consumption _ long tonsProduction long tonsStocks, end of month _ long tons

Scrap rubber:Consumption by reclaimers long tons

TIRES AND TUBES JPneumatic casings:

Production. thousandsShipments, total thousands

Domestic .. thousandsStocks, end of month thousands

Solid and cushion tires:Production thousandsShipments, total thousands

Domestic . thousandsStocks, end of month _ ... thousands

Inner tubes:Production .thousandsShipments, total thousands--

Domestic thousandsStocks, end of month __ _ thousands

Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics . _ ... thous. of Ib

32, 996

18, 171

.12980, 000

676, 000104, 55559, 555

134, 92790, 000

341, 224

7,0347,353

18, 740

p3, 605*3, 016*2, 931*9, 191

»3, 347»2, 820*2, 752*8, 731

» Revised. p Preliminary.! Revised series. For earlier data see pp. 19 and 20 of

issue for crude rubber imports; and for 1932 revisions, p.1932, 1933, and 1934. For revisions see p. 51 of the Augus

§ The Bureau of the Census has changed the title of threported by the cooperating manufacturers. The totals fcfigures through December 1933, represent the total for alturers; shipments and finished stocks are for 78 manufactwith data shown for months prior to October 1933.

I Data for 1934 are estimated to represent approxims75 to 80 percent prior to 1929.

# See footnote on p. 35 of this issue. Data for 1933 re* New series. See p. 19 of the December 1933 issue for

from all members of the industry of record beginning in Jaithe series comparable. The solid fiber figures are complAssociation.

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

the Decei60 of the1 1934 issule "Boxbcr paper-bpaper bo

urers and

itely 97 p

vised. Sethe comp

auary 193^ete as rep

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

mber 1933May 1933e.ard" rep9ard prodard. Figiconsump

srcent of

e p. 20 oflete papet. The v(orted. P

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

18, 721

issue forissue for

Drt to "Piuction anires givertion and s

the indus

the Octotr-board se)lume of crior to Ja

43, 32933, 76642, 253

.10983, 000

653, 000105, 40368, 40394, 33796, 499

355, 254

8,32810, 79018, 333

32, 731

5,0254,0963,966

11, 301

15151428

5,0393,9953,9069,937

20, 927

writing, v>world am

iper boarcI shipmer

on proditocks of M

try; data

>er 1934 isries. Nevompaniesauary 193

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

Tapping,I United

I" since cits, as givtiction, opraste pape

are estim

sue.7 series conot repor4 data co1

39, 57130, 19549, 901

.133115, 000659, 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

and otherStates sto

ata actuam above,erations a>r for 82 m

ated to co

tnpiled bj;ing eachBering thi

36, 62027, 61148, 748

.13470,000

660, 69998, 37358, 37399, 733

102, 045360, 548

7,61510, 82019, 641

36, 875

4,2125,0714,9569,913

21191931

3,9745,1505,0588,532

17, 716

grades ofcks. Dat

lly cover icomputednd new aanufactui

ver 79 pe

r the Contmonth is es industry

30, 03522, 03342, 674

.14670, 000

672, 31292, 76657, 336

105, 989106, 448367, 109

7,0069,446

22, 035

3,2524,0333,9549,154

18181730

3,4254,1934,1337,812

13, 267

paper; fca on cons

ill boardfrom the

nd unfille•ers. Re\

rcent of tl

ainer Codstimated7 were coi

30, 31222,50932, 700

.15574,000663,76186, 40850, 348

105, 290107, 607364, 456

7,0668,160

20, 649

3,4274,1794,0918,436

18161533

3,5704,0724,0037,328

13, 724

r 1932 reviimption <

Df .012 ofAmericand ordersrised figui

ae industi

? Author itby the Cnpiled bs

27, 31719, 86432, 010

.15488, 000

668, 81488, 16948, 539

113,052103, 485364, 108

5,1326, 974

20, 319

2,8483,0872,9938,166

15131334

3,0172,9342,8717,410

12, 942

isions, p.)f rubber

an inch orPaper an

are for 94es given i

y for 192S

y, Chicag3de Auth<T the Pap

28, 52620, 48929, 240

.13968, 000

669, 55787, 80947, 809

121, 020101, 349359, 379

7,0978,143

21, 079

3,1882,9192,8348,397

17151435

3,1232,6092,5437,907

13, 169

50 of thefor tires r

more ind Pulp Aidenticalire not co

>-33, inclu

9, 111., froi3rity, so aer Board i

31,35823, 46737, 212

.13076, 000

672, 85288, 28148, 281

127, 88896, 556

358, 000

6,4927,268

20, 015

3,2413,0953,0268,516

16171633

3,0742,6842,6308,247

15, 382

June 1933evised for

thicknessssociationmanufac-mparable

sive, and

n reportss to keepIndustrie*





1934

Decem-ber

1933


ary March April

1934

May ! June July August SeP£m- October |N«jy»-

RUBBER AND RUBBER PRODUCTS—Continued

MISCELLANEOUS PRODUCTS

Rubber bands, shipments thous of IbRubber clothing, calendered:

Orders, net number of coats and sundriesProduction 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. f t_ .Rubber and canvas footwear:*

Production, total. _ _ thous. of pairsTennis thous of pairsWaterproof- _ _ _ thous. of pairs

Shipments, total thous. of pairs.Tennis thous. of pairs..Waterproof thous. of pairs-

Shipments, domestic, total.-.thous. of pairs.

411

Tennis thous. of pairsWaterproof thous. of pairs.. |

Stocks, total, end of month thous of pairs !Tennis . . thous. of pairs iWaterproof- 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 pairsRubber soles:

Production thous. of pairsShipments, total* thous. of pairs

Export _ _ thous. of pairsRepair 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..

13, 42814, 075

3593, 435

10, 28137, 751

3, 4003, 592

3530

3, 0594, 329

|

|

186 303

13,818 13,81127,074 21,777

1,682 ! 2,488306 257628 939211 : «310

6,069 ! 6,2472,436 3,5843,633 2,6634,525 7,231

892 4, 1333,633 3,0984, 506 7, 207

887 4,1293, 619 3, 078

16, 358 15, 5838,265 ' 7,7428,093 7,841

13,625 14,82612, 738 13, 463

322 4323,215 2,8339, 201 10, 198

37,528 42,587

4,496 5,4994, 527 5, 594

3 5281 388

4, 244 5, 2014, 281 5, 090

2,848 3,479627 699

1,015 1,2971,206 i 1,483

i

220

15, 24620, 062

3,194301

1,429o 424

5,4303,5801,8504,5853,2411,3454, 5553,2201,335

16, 3948,1658,229

16, 29320, 544

1759,273

11,09638, 986

5,7115,804

1617

5,1865,010

3,491757

1,1471,587

262

19, 96311,364

3,575434

1,527« 489

6,4674,1862,2816,8455, 4191,4266,7965,3781,418

16, 0166,9329,084

19, 90319, 294

; 347! 6, 605i 12, 199| 39, 592

! 5, 7261 5, 770

3: 532

5, 235! 4, 838

: 4, 437830

1, 500| 2, 108i

342 293

15,615 < 20,93013,795 ; 21,610

3,877 ! 3,908575 i 594

1,670 i 1,778437 | 540

4,843 i 4,9192,451 1,8192, 392 ! 3, 1002.749 i 2,927l',868 2,084

881 8432,673 2,8741,798 ; 2,036

875 i 83817,774 20,0807,378 1 7,259

i 10,396 | 12,821

17,802 j 19,603, 16,991 20,1201 328 137

4,673 : 6,928: 11,991 j 13,055

39,961 | 39,763

5,018 5,0404,739 i 4,881

5 ! 1275 493

4,459 4,3874,989 5,360

4,297 ; 4,589! 863 959

1,498 ' 1,7901,937 . 1,840

238

24, 33627, 149

3,156478

1,320449

4,4781,5662,9123,6131,9801,6333,5611,9331,629

20, 9456,846

14, 099

19,41220, 513

4263,946

16, 14238, 446

4,7725,050

10241

4, 7994,955

4, 424990

1,5831,852

i

220

15, 12723,016

3,332526

1,269372

3,587843

2,7444,6111,1743,4364,5941,1703, 425

19, 9356.515

13,419

15, 90315, 656

3464,485

10, 82538, 997

3, 082! 3, 277! 2i 318! 2, 956| 4, 933

! 3, 8341 1, 001i 1,362| 1, 472

j

237 231

24, 186 47, 49722, 651 31, 274

4, 291 4, 742570 ! 568

1,827 ! 2,405413 i 339

5,161 3,9181,011 i 8774,150 ! 3,0416,529 ! 6,4981,543 I 9114,986 I 5,5876,448 ! 6,4361,467 i 8574, 982 5, 579

18, 567 15, 8585,983 5,821

12, 584 10, 037

18,605 13,91115,493 13,219

339 2194, 936 4, 079

10,218 8,92142, 140 | 42, 652

3,601 i 2,9523,602 3,107

2 ; 2382 i 455

3,218 1 2,6504,894 4,718

3,923 ! 3,187\ 884 | 846

1, 399 \ 1, 1381,540 | 1,203

330 i

38,625 22,75638,484 i 25,868

5,279 i804 !

2,813 I 1,£52386 i 44P

5,078 ! 4,9921,201 < 1,1653,877 | 3,8275,525 1 4,727

790 ! 5754,735 1 4,1525,486 i 4,653

758 1 5284,727 ! 4,125

15,248 1 15,5136,085 i 6,6759,163 8,838

14,437 1 13,92216,889 ! 15,746

377 ! 32f5,238 i 4,175

11,273 i 11,24440,016 ! 38,040

3,239 3,5413,297 : 3,617

13 3584 585

2,699 j 3,0304,656 j 4,528

3,715 ! 3.094996 70T

1,376 1,0781,343 1,310

STONE, CLAY, AND GLASS PRODUCTS

10. 50

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! thous. of brick..

Sand-lime brick:Orders, unfilled, end of mo-.thous. of brick..Production thous. of brick. JShipments by rail thous. of brick..Shipments by truck thous. of brick..Stocks, end of month thous. of brick..

PORTLAND CEMENTPrice, wholesale, composite dol. per bbL.Production —thous. of bbl—

Percent of capacityShipments thous. of bbL.Stocks, finished, end of month thous. of bbl..Stocks, clinker, end of month... thous. of bbl..

GLASSWARE, ETC.Glass containers: #

Production thous. of gross..Percent of capacity

Shipments thous. of gro:Stocks, end of month thous. of gross..

Illuminating glassware:*Orders:

New and contract number of turns..Unfilled, end of month...number of turns._

Production.. number of turns. .Shipments:

Total .number of turns..Percent of full operation

Stocks, end of month number of turns..Plate glass, polished, production f

thous. ofsq. ft—

1.6504,44719.53,10421,4216,189

2,92253.02,4377.872

1,6812,3051,877

1,85172.14, 525

9.00 |

340 j109111 |

2, 717 !1

756010

8002,010

1.6033,52615.53,73819, 5415,717

1,99762.61,8735,238

9.25 I

355 j53 !133 |

2,663 i!

100 !967 i16791

2,213

1. 6503,77916.63,77819,5475,919

2,77046.62,6627,078

10. 50 10. 50

1,150 1, 4801,805 1,8651,030 j 1,460

1,171 ! 1,43941. 2 ! 56.1

4,286 ! 4,581

6443377

2,532

90035954366

2,042

1.6504,16820.22,95220,7625,936

2,60049.22,5857,719

1,7812,2591,256

1,41355.14,431

57136

2,483

355563126 i721 !

1,755 i

1.650 i5,257 :23.04,618 i21,422 I6,318 i

657104149

2,464

70543729

1,0061,518

1.5756,54429.66,49221, 5576,565

10.50 10.50 i

2,920 3, 03249. 2 55.1

3,137 2,9147,480 7,558

1,5221,9181,763

1,145 !1, 794 i1,495 I

1,936 1,255 !75.4 48.9 !4,367 4,615 !

621137197

2,450

6051,340

601,3461,324

1.5708,55437.58,78421, 3016,304

3,25256.83,1727,545

1,4911,8581,512

1,42755.6

545158180

2,380

4251,228

44965

1,434

1.6508,81339.88,54121, 6006,424

10. 50

503179181

2,300

1551,219

45848

1,351

1.6508,14435.77,89821,8526,588

3,160 i 3,11755.2 ! 56.63,136 I 2, 9747,483 ! 7,567

1,553 !1,951 !1,276 |

1,446 I56.3 i

6, 347 i 7, 607 I 7, 441 | 9, 927 , 8, 629 i

4,735 j 4,641 j

7, 764 i 6, 520

1,4532,2051,062

1,10543.1

4,610

10.50 I

405 j131 I208 I

2,333 |

1481,137

451,0451,959

1.6507,84234.58,24921,4246,332

3,16853.2

3,0807,622

1,4232,2161,453

1,39049.94,649

7, 242 i 7, 450

10.50

369158172

2,292

1401,164

421,1212,091

1.6507,68034.87,38821, 7345,975

2,86054.1

3,2727,215

1,4112,2351,188

1,42755.64,457

10.50

351203217

2,217

1.6506,67529.38,43919,9726,055

3,13452.63,1327,152

2,1842,5401,844

I1,880 !73.3

4,432

1C. 50

322218143

2,303

175 850920 1,65183 552889 1,105

1,877 2.715

6, 738 I 7, 512 !

1.6505,77926.2

« 5, 674* 20,078« 6, 213

2,86452.02,5427,442

1,9902,4562,022

1,99977.9

4,475

6,587

• Revised.* New series. Earlier data not published on rubber heels and soles prior to December 1932, and on Illuminating glassware prior to July 1932 (except production an£

percent of capacity); 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.I 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 year of

1933 amounted to 33,056,706 compared with 23,511,963 for the 30 firms reporting a year ago. Comparable statistics on shipments for the companies, now reporting by years,from 1928 to date were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949; and 1933, 33,048,747. Data are not available forthis period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trend of these data that the monthly figures prior to 1934had a downward bias. Basis of estimating capacity was changed in computing the new series.

• In October 1933 4 new companies were included in the report and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 percent.For preceding periods the coverage varied but was about 80 percent. Overlapping figures are available for October 1933. See the October 1934 issue for October 1933 data forthe smaller number of firms.




1934

Decem-ber

1933

Decem-ber

1934



STONE, CLAY, AND GLASS PRODUCTS—Continued

GYPSUM *Crude (quarterly):

Imports short tonsProduction short tonsShipments (uncalcined) short tons

Calcined (quarterly):Production short tons

Calcined products (quarterly):Shipments:

Board plaster (and lath) thous of sq ftBoard wall thous of so ftCement Keencs short tonsPlasters, 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 COTTAOrders, new:

Quantity _ _ short tons..Value thous. of dol_.

1,09082

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

96483

1,38284

88, 408450, 754145, 404

257, 048

32, 60144, 6123,501

188, 314

24, 6811,721

51550

76165

53941

TEXTILE PRODUCTS

CLOTHINGHosiery:*

Production thous. of dozen pairsShipments thous of dozen pairsStocks, end of month thous of dozen pairs

Men's and boys' garments cut:Ovftro.nats thoiT* Qf gRrmpntaSeparate trousers thous of garmentsSuits thous of garments

COTTONConsumption f thous. of bales. .Exports:

Quantity, exclusive of lintersthous. of bales. _

Value. (See Foreign Trade.)Qinnings (total crop to end of month)

thous. of balesImports# thous. of balesPrices:

To producer... .,. dol. per lb._Wholesale, middling, N.Y dol. per lb._

Production, crop estimate thous. of bales.-Receipts into sight1} 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 MANUFACTURESCotton 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:

ExportsS thous. of sq. yd—Imports* .thous. of sq. yd—

Prices, wholesale:Print cloth, 64 x 60 dol. per yd-.Sheeting, brown, 4 x 4 (Trion mill)

dol. per yd-.Cotton cloth finishing:*

Production:Bleached, plain. thous. of yd-_Dyed, colors thous. of yd._Dyed, black _ thous. of yd—Printed thous. of yd—

Stocks :•Bleached and dyed thous. of yd—Printed ..thous. of yd-.

Spindle activity:!Active spindles ., thousandsActive spindle hours, total, .mills, of hours..

Average per spindle in place hours ~Operations .percent of caoacitv..

414

504

9,17410

.124

.127/9,731

977

10, 9401,3009,6417,8195,962

.309^ '

16, 4444,353

.068

.077

128, 57187, 5806,122

107, 006

284, 473107, 585

25, 0576,027

19587.1

6,1486,009

15, 612

135929

1,061

348

820

12, 3569

.096

.102/ 13,047

1,283

11,9771,642

10, 33510, 0608,255

.301

.458

17,9194,004

.066

.073

108, 32860, 2944,616

86, 517

341, 351137, 661

24,8285,080

16473.3

7,2086,760

16, 164

508

739

12, 55713

.103

.113

715

11, 1021,6069,4969,8377,693

.316

.467

16, 7903,985

.069

.077

122, 86976, 6784,761

99, 901

332, 985106, 280

25, 6476,973

22598.5

8,9888,165

17, 091

477

628

14

.117

.123

427

10, 2931,6578,6379,2847,025

.322

.479

20, 0714,616

.072

.081

132, 67889, 1925,258

104, 920

325, 313104, 949

26, 3806,692

216101.5

10, 24010, 38117, 053

545

550

12, 66419

.117

.123

598

9,4991,6517,8488,8686,516

.327

.480

22, 5565,426

.070

.082

163, 772117, 562

6,416131, 426

327, 04099, 614

26, 5257,706

249102.7

9,7019,326

17, 531

513

387

12

.116

.119

522

8,6791,5857,0948,5666,093

.320

.471

23, 7916,135

.067

.080

150, 138104, 689

5,916122, 951

308, 895106, 388

26, 4857,259

234105.6

9,9929,487

18, 139

519

285

15

.110

.114

515

7,9821,4226,5607,9595,541

.301

.458

22, 7923,817

.063

.077

137, 05397, 8385,834

114,803

310, 471107, 128

25, 8967,268

23498.0

8,2578,335

18, 164

363

459

10

.116

.123

339

7,3111,3265,9857,3625,040

.298

.451

21, 2231,701

.064

.076

106, 74173, 9544,885

83, 414

314,413118, 034

24, 6215,241

16972.6

6,4436,254

18, 353

360

306

10011

.123

.129

432

6,7941,2285,5666,9504,737'

.308

.459

15, 6471,944

.067

.077

101, 01566, 4725,686

76, 833

310, 039109, 756

24,4185,152

16774.3

7,7318,766

17, 319

421

253

1,39811

.131

.134

527

6,9051,0815,8246,6394,532

.315

.464

14, 4562,108

.071

.079

113, 20973, 6515,738

84, 499

269, 461101, 057

24, 1545,753

18676.8

6,7838,005

16, 097

296

454

4,9588

.131

.131

1,676

8,6731,0577, 6167,2105,225

.316(2)

17, 3302,512

.074

.082

111, 58173, 4076,162

90, 772

266, 886101, 083

22,1133,716

]2054.3

9,3229,611

15, 808

520

616

7,92012

.125

.125

2,283

10, 5211,1409,3817, 9636,037

.312(2)

16, 4232,592

.070

.081

134, 38689, 4207,985

126, 384

277, 030108, 830

25, 0957,185

23397.1

9,2409,107

15, 940

477

572

9,0308

.123

.126

1,498

11,0891,2949,7957,9556,086

.304(2)

16, 8573,517

.066

.078

« 126, 726« 87, 679

a 6, 693114, 139

298, 233111, 758

25, 0516,703

21794.0

• Revised. / Final estimate.• New series. For earlier data on gypsum, see p. 20 of the January 1933 issue; the new series on hosiery compiled by the Hosiery Code Authority and are estimated to

represent 95 percent of the industry. The revised data on hosiery presented in the October 1934 issue are based on a check of the data previously reported, made by theCode Authority. Data on cotton cloth finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry; comparable figuresare not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are as reported at end of each 4-week period.

^ For revisions for crop years 1931-32, 1932-33, and 1933-34, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, and p. 53 of the October 1934 issue,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. For revision of cotton stocks and spindle activity foryear ended July 1934 see p. 52 of the October 1934 issue.

\ Data revised? for 1932; for revisions, see p. 53 of the June 1933 issue. Data revised for 1933; see p. 20 of the September 1934 issue.9 See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.• Stooki at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data for succeeding 4-

vreek periods.»No quotation.



Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of data, may be found inthe 1932 Annual Supplement to the Survey

1934

Decem-ber

1933

Decem-ber

1934



TEXTILE PRODUCTS—Continued

RAYON AND SILKRayon:

Imports §# - .-thous. oflb _Price, wholesale, 150 denier, "A" grade

(N. Y.) dol. perlb..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 bales. .United States:

At warehouses bales..Silk manufacturing:

Operations, machine activity:Spinning spindles:*

All . _ percent of capacity. .5-B percent of capacity _.

Weaving:Broad looms t percent of capacity..Narrow 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._

WOOLConsumption, grease equivalent— thous. oflb--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 IbSuiting, 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._

Domectie - thous. of lb__Foreign* thous. oflb..

Stocks, clean'e'quivalent, end of quarter-. 1Total , thous. oflb—

Domestic - - - thous. oflb ..Foreign "" - thous. oflb—Combing" - thous. oflb—Clothing - thous. oflb—MISCELLANEOUS PRODUCTS

Burlaps and fibers, imports:§#Burlaps thous. of lb_.Fibers -long tons..

Buttons and shells:Buttons:

Imports total§# thous. of grossFrom the Philippines ....thous. of gross..

Fresh-water pearl:Production percent of capacityStocks end of month thous. of gross. _

Shells imports total §# thous. oflb ._Mother-of-pearl thous. of lb—

Tagua nuts, imports§# thous. of lb_.Elastic webbing, shipments thous. of dol—Fur, sales by dealers ...thous. of dol—Pyroxylin-coated textiles (artificial leather):

Orders, unfilled, end of mo.thous. linear yd-Pyroxylin spread -- thous. of Ib—Shipments, billed thous. of linear yd-

6

0.57264

40 9412,566

1.3580.96

21, 44065, 934

46.545.2

425 7520 0534 7

320.9399.4787.5480.9

57, 0655,074

102

302868

7770

0.760.27

1.510

.990

1.105,7584 826

932

164, 115143, 12720, 988

107, 90756, 208

27, 49310, 530

2821

1,266130523

~~T 299"

2,7873,3373,197

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

1.35

5,583

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

66.040.2

52.832.0

364.0458.5811.8521.0

35, 9689,637

74

353467

7052

0.880.42

1.800

1.125

1.358,5603 7614,799

35,76828,406

15761

44 87 328

274254

1,457883

3,565

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

1.357,0674 7392,328

26, 34618, 839

7247

46 57 3421 862

5591,291

9893,228

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

1.355,9203 2092 711

35, 11323,059

7847

62 77 1871 608

657867

1,2043,310

3,8115,1994,854

14

0.55449

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

1.354,4052 8721,533

30, 57317, 861

5435

61 77 327

345168

1,148956

2,241

3,3464,6814,023

30

0.55440

38, 7405,176

1.2840.96

268,000

21, 67661, 060

31.539.5

37.930.0

247 3434.2411 7

269.7357.7890.3378.5

28, 2137,458

47

424156

6840

0.840.33

1.634

1.119

1.3113, 87712 0251,851

34,40017, 172

12177

57 97 303

414313638858

1,842

3,1393,3503,327

4

0.55372

33 0695,037

1.1990.93

259,000

20, 43069,048

40.038.9

45.824.5

278.4458.5426 1

290.9271.1977.3372.8

26, 2138,003

40

463054

7129

0.840.31

1.634

1.139

1.2835, 34533 5121,833

168, 716140, 75427, 962

110, 25158, 465

27,09321, 399

4542

40 07 118

310226458705

1,644

3,2242,7062,645

24

0.55280

32 0214,719

1.1390.92

272,000

19, 47966, 268

41.537.2

42.724.2

290 2409.9414 8

273.2300.8

1, 004. 5327.4

<">27, 2547,632

37

332653

7131

0.840.31

1.634

1.139

1.2659, 97258 962

1,010

42, 47115, 010

7762

23 76,791

335199650646

2,038

3,3232,9722,649

27

0.65275

36 2474,731

1.1330.93

285 000

18 50058 694

40.337.1

41.7

428 7462.2456 4

286.8429.5952.2320.0

* &28,4957,046

38

352451

7226

0.760.31

1.634

1.287

1.2123, 67322 987

687

31, 63115, 625

7970

34 66,6341,644

526524840

2,669

3,0653,6543,059

H

0.55276

32 5996,846

1.1250.93

285 300

20 01076, 645

28.037 8

25.0

242 3232.2248 2

175.1333.3818.6324.5

°fc23, 4677,567

29

301828

4521

0.760.30

1.634

1.139

1.1814, 82913, 942

887

186, 229162, 23323, 996

132, 78353, 446

27, 12410, 978

7570

37.06,432

222165667817

2,220

3,0503,2943,031

29

0.55272

49 1065,387

1.1850.93

277 800

20 84466 479

43 247 4

48.1

449 0550 8536 5

320 0352 6830.9387.2

& 34, 0658,850

49

343445

6335

0.760.28

1.460

1.139

1.1712, 74412 033

711

22, 5179,044

7258

43 16,296

289219853929

1,797

2,9303,3253,125

25

0.55265

37 5487,219

1.2920.95

275 000

20 35476 502

°44 4045 5

342 o512 3481 6

325 6367 6853.8393.5

6 44, 8584,964

82

232948

6648

0.760.28

1.485

1.101

1.1111, 05310 687

366

31, 47210, 881

6547

48.46,396

442423365823

a 1, 887

2,9883,2572,833

« Revised.* Since July 1934 report has been on a weekly basis. July figure here is for 4 weeks; August, 4 weeks, September, 5 weeks, October, 4 weeks, November, 4 weeks, and

December, 5 weeks. Figures for July and succeeding months are computed from Census Bureau figures so as to represent 100 percent of the wool industry.§ Data revised for 1932. For revisions see pp. 63 and 54 of the June 1933 issue. Data also revised for 1933; see p. 20 of the October 1934 issue.* See footnote on p. 35 of this issue.f Compiled by the Silk Code Authority (The National Federation of Textiles, Inc.) and represent the percentage of operations based on an 80-hour week (2 shifts of 40 hours

each). Data are not comparable with the series previously shown in the 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.

* Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statis-tics presented herewith are still based on the pre-code computed norm (currently based on the single-shift performance over the 5-year period 1928-32). The current datarepresent practically complete coverage of the industry.

* Foreign receipts for year 1934 are compiled by U. S. Department of Agriculture and are not comparable with data carried through December 1933. This results in atotal figure which also is not comparable with earlier data.

5 Compiled by Bureau of the Census and represent stocks of raw wool held by all dealers, topmakers and manufacturers who usually hold significant stocks of wool.Census report gives additional details on raw wool, as well as stocks of tops, noils, and carpet wool which are not included in the totals here given. Figures by types andorigin are different break-downs of same total.




1934

Decem-ber

1933

Decem-ber

1934



TRANSPORTATION EQUIPMENT

641367

15,4208,2797,141

4021,536

2,7322,334

183,187127,944

11555,1281,199

v 74, 050

41, 53041,59428,344

183,3481,907

290,70915.5

2,25146, 86710,34422.181543

36062853575999995

6363

0

127121101200

21318431

0

1,6251,042

9,5263,0666,460

33,12417, 79414,532

16, 573

2725,356

3,2622,17180, 56549,4901,29929, 776

627

58, 62415,580

11,95121,29511,191

192,8262,027

289,98514.5

2,37050,32310,89521.935294

46,407

122240

22467

27,26516,60910, 756

45,37829, 29015,198

890

69,20346, 42821, 3681.407

87,998,772

26,6941,532

99,11468,84228,4011,871

87,70068, 02928,0281,643

68,22442, 73824,1271,360

55,31233,79820, 3931,121

34,43719,19014,420

827

,59167, 99129, 7631,837

95,48565,09328,6011,791

67,20943, 25022,7081,252

8,5717,101

231. 707187, 639

2744,0411,262

13,90510,810308,065261,852

046,2131,016

9,9047,325

234,810183,500

051,310

752

1,6971,052

« 78, 465* 45,550

6,9044,946

156,907113,331

32143,255

789

14,18012, 272331,263274, 722

1656,5251.652

18, 36315,451354, 745289,030

165,7141,

20,16116, 504331,652273,765

057,8871,140

11,1148,407

266, 576223,868

042,7081,155

23,43862, 50646,190

58, 911100,84882,222

98,174 106,349153,250 I 153,954119,858 ! 121,964

95,253 112,847132,837 ! 146,881103,844 ! 118,789

101.243134,324107, 554

86,258109,27887,429

185,4971,932

297,54615.6

192,1672,019

286,92814.4

190,0791,994

295,19115.0

189,7001,

301,36815.4

189,4261,985

298,84615.3

188,4911,971

299,78016.5

2,36360,10310,96522.238258

2,36150,03411,11922.675144

2,33449, 21110,80322.340224

2,27847, 55310, 67622.562291

2,34549,67311,09522.846311

2,34149,39511,08022.837218

2,31048,68710,78922.370568

753,0801,7951,2851,7881,768

19, 7276,019

06,019

2424

013,7559,6074,1483,1293,059

1138,3726,5252,8474,1864,184

45,4953,4222,0733,3313,329

AIRPLANESProduction, total.._ number..!

Commercial (licensed). number..Military (deliveries). number..For export number..

Exports: AUTOMOBILES?Canada:

Automobiles, assembled. - number-Passenger cars number--

United States:Value. (See Foreign Trade.)Automobiles, assembled, total§_.number-

Passenger cars§. number—Trucks§ number.-

Financing:Ketail purchasers, total-- thous. of dol—|

New cars thous. of dolUsed cars —thous. of dolUnclassified thous. of dol—

Wholesale (manufacturers to dealers)thous. of dol—

Fire-extinguishing equipment:!Shipments:

Motor-vehicle apparatus .number._Hand-types ___number..

Production:Automobiles:

Canada, total. .number—Passenger cars number..United States, totalf number--

Passenger carsf-- number-.Taxicabs number..Trucksf _ number-

Automobile rims thous. of rims..Registrations:

New passenger carsf number--New commercial cars*__ number...

Sales:General Motors Corporation:

To consumers number--To dealers, total number—

U. 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=100— .Service equipment Jan. 1925=100— .

RAILWAY EQUIPMENTEquipment condition:

Freight cars owned:Capacity mills, of lb_.Number, total -thousands--

Bad order, total number--Percent of total in bad order

Locomotives, railway:Owned:

Tractive power. mills, of lb—Number 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 cars—Railroad shops cars-

Shipments, total _ cars--Domestic 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--

Domestic, total number--Electric number--Steam number--

Railroad shops (A. R. A.) number--Shipments:

Domestic, total number—Electric number--Steam .number-

Exports, totalf .number..Electric- _ number-Steam number..

Passenger cars:Orders, new, placed by railroads, number—

Orders,unfilled(end of quarter) .number...Shipments, total number-Domestic number..

a Revised. *> Preliminary.* New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars,t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 1032 exports

locomotives. Data on automobiles revised for 1933. See p. 55 of the August 1934 issue,t Index of sales of new passenger cars is shown on p. 26 of this issue.§ Data revised for 1932. See p. 54 of the June 1933 issue. Data revised for 1933. See p. 20 of the September 1934 issue.




1934

Decem-ber

1933 1934

; January Febru-ary March April May June July | August eberm October Novem-

ber

TRANSPORTATION EQUIPMENT—Continued

ELECTRIC TRUCKS AND TRACTORSShipments, industrial, total ..number-

Domestic number..Exports. . „ _ _ _ - - ..number

SHIPBUILDINGUnited States:

Merchant vessels:Under construction— .thous. of gross tons..Completed during month-total gross tons..Steel _ .total gross tons

World (quarterly):Launched:

Number shipsTonnage . thous. of gross tons

Under construction:Number - shipsTonnage thous. of gross tons..

50455

502,430

447

67643

258,3637,743

71175

206757

46397

444,1591,814

52493

432,9761,437

70646

425,3142,085

5586

2691,079

72711

4812, 9048,101

63603

4611, 9589,843

65641

387,5353,256

99145

2881,216

29272

3510, 9707,877

38371

335,1562,907

39363

3249, 9751,601

129°307

2961,311

45432

332,4411,555

_

24231

492,370

858

:::::::::CANADIAN STATISTICS

Business indexes:*Physical volume of business 1926=100—

Industrial production, total 1926=100-Construction! _ 1926=100—Electric power 1926=100..Manufacturing 1926 = 100Forestry 1926=100-Miningf 1926=100

Distribution 1926 = 100Carloadings 1926=100..Exports (volume) 1926=100 .Imports (volume) 1926=100..Trade employment 1926=100..

Agricultural marketing 1926=100Grain marketings 1926=100-Livestock marketings — . .1926=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=100Mining 1926=100 _Service .1926=100-Trade 1926=100Transportation - 1 926= 100. .

Finance:Banking:

Bank debits mills, of dol—Interest rates .. _ 1926=100

Commercial failures* numberSecurity issues and prices:

New bond issues, total . thous. of dol _Corporation thous. of dolDominion and provincial. -thous. of dol—Municipal ., thous. of dol—Railways —thous. of dol—

Bond yields _ percentCommon stock prices, totalf 1926 = 100..

Banks 1926=100Industrials 1926=100..Utilities 1926=100..

Foreign trade:Exports.. ..thous. of dol—Imports 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 carsFinancial results:

Operating revenues thous of dolOperating expenses thous. of dolOperating income thous of dol

Operating results:Freight carried 1 mile mills of tonsPassengers 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..

92.491.031.2

188.891 8

110.3121.896 165.761.672.6

123.836 029.067.3

79.071 299.2

102.691 3

122.9115.2126 080.1

3,04076 2

3 65~86.279 0

125.647.5

61, 39539, 108

17, 336341

172

2,06142

59

8629447

86.285.136.4

156.588.688.4

118.289.360.453.567.8

115.930 724.757.5

77.969.091.894.684.4

105.5108.8119.179.8

2,49298.5

159

2900

290

4.7275.364.7

111.447.8

51, 62435, 368

17, 458418

158

22, 74918, 3403,916

1,537138

1,70837

52

6725341

967

86.884.547.4

162.980 796.4

120.693.273.675.462.8

113.848 241.677.6

78.270.688.688.180.0

106.8109.8122.376.3

2,59797.2153

40, 9460

40, 799147

04.6681.671.7

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

78.772. 191.498.084.2

109.4108.7111.676.2

2,08996.0

140

3,634o3,000

634o4.6086.576.7

123.858.0

38. 36533, 592

6,513328

164

20 62719, 601

d60

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

79.972.092.7

100.886.5

108.9109.3112.578.0

2,48990.1

140

26, 059380

22, 7002,979

04.3288.076.9

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

79.471.191.395.888.1

103.3111.8116.175.9

2,53687.7

141

31, 96416, 28015,000

6840

4.2090.776.1

133.058.1

32, 04734, 815

3,568341

177

23, 39519,4882,839

1,869103

1,69727

70

11925234

1,089

99.699.935.1

188.5100.2103.6146.398.575.679.682.8

117.8130.6140. 187.8

78.571.192.095.890.2

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

78.272.196.6

116.793.2

106.2115.4116.580.3

2,60285.4115

9,5142,200

07,314

04.0987.272.7

126.154.5

58,64346, 186

18, 426441

193

24,43620,7632,636

1,721183

1,70937

64

11622356

1,127

95.795.635.5

180.699.096.7

117.296.272.376.772.2

118.0148.8164.080.5

78.472.0

101.0140.693.8

107.0119.7119.182.6

2,76783.1

122

51, 447450

50, 000997

03.9881.373.6

116.650.6

56, 78744, 145

12, 979408

188

25, 20622, 0662,114

1,879150

1,62137

67

10717875

1,073

99.099.840.7

184.8100 798.4

135.796.774.977.370.0

118.0172.8195.870.0

78.772.399.9

129.094.2

110.3123.0116.583.6

2,53482.3

103

52, 7370

52, 150587

03.9483.873.1

120.151.2

55, 83743, 507

14, 710412

205

25, 20122, 9471,180

1,751169

1,65942

64

11116997

1,282

97.197.541.3

162.799.593.8

« 132. 996.267.082.873.5

119.8127.7139.076.7

79.072.098.8

118.194.3

112.4125.5117.183.6

2,58182.0113

16, 9453,2109,6344,101

03.9383.874.9

118.850.1

58, 81542, 208

17, 588369

212

27, 60521, 6884,998

2,366134

1,62743

57

117179113

1,383

"95.995.338.1

170.4 i94.8

100.30 143. 5

97.268.7 !85.3 !78. 2 i

119.561.2 i57.975.7

79.371.4

100.0117.0 ,94.4

117.9116.2 i120.0 •84.8 :

3,410 j82.9

130 j

271,065 !

450270,000 i

615 i0

3.9785.276.1

122.049.0

68, 31347,229

21, 808486

243

29, 15121, 453

6,746

2,561106

1,85347

58

148230192

1,654

96.597.043.1

181.496.0

104.1137.595.265.960.685.3

119.351.246.372.8

79.471.2

100.2111.092.8

121.2114.9121.383.9

3,09281.0

5,248685

04,563

03.8886.078.3

125.346.5

65, 67749, 884

18, 770504

211

1,95339

57

13028995

1,704

• Revised. d Deficit.* New series. For earlier data see p. 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures.t Revised series. Seo p. 55 of the April 1934 issue, construction, and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result of addi-

tional stocks being added; for revision see p. 56 of the April 1934 issue.# Number of commodities changed from 502 to 567 beginning with month of January 1934.c? Data revised from January 1932 through July 1933. Revision for 1932 see p. 55 of the November 1933 issue. For final revisions for 1933 see p. 56 of the October 1934

s sue.

ODigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

INDEX TO MONTHLY BUSINESS STATISTICS

PageAbrasive paper and cloth 51Acceptances 30-31Accessories, automobile 55Advertising, magazine, newspaper, radio 25, 26Africa, United States trade with .... 34,35Agricultural products, cash income received

from marketings of 23Agricultural wages, loans 30Air-conditioning equipment 48Air mail 26Airplanes 36, 55Alcohol, denatured, ethyl, methanol 36,37Aluminum 49Animal fats, greases 37,38Anthracite industry 22,29,43Apparel, wearing „ 29,53Argentina, United States trade with; ex-

change; flaxseed stock 32,35,38Asia, United States trade with 34,35Asphalt 44Automobiles- ~ 22, 26, 27, 28, 29, 55Babbitt metal 49Barley 40Bathroom fixtures 47Beef and veal - 41Beverages, fermented malt liquors and dis-

tilled spirits.. _ 39Bituminous coal. 22,28,29,43Boiler and boiler fittings 47Bonds, prices, sales, value, yields 33,34Book publication 51Boxes, paper, shipping 51Brass 50Brazil, coffee; exchange; United States trade

with _ 32,35,42Brick - 52Brokers' loans 31Bronze 50Building contracts awarded.. 24,25Building costs 25Building materials.. 24,45,46,47Business activity index (Annalist) 22Business failures 31Butter. - 39Canadian statistics 56Candy 42Canal traffic , 36Capital issues 33Carloadings 22,35Cattle and calves 41Cellulose plastic products 38Cement 22,27,28,29,52Chain-store sales _. 26,27Cheese 40Chile, exchange; United States trade with 32,35Cigars and cigarettes _ 43Civil-service employees 28Clay products. ... 23,24,27,28,29,52Clothing 24, 25, 27, 28, 29, 53Coal 22,28,29,43Cocoa. _ — 42Coffee - 23,42Coke — 43Collections, department stores 26Commercial paper 30Communications 36Construction:

Contracts awarded, indexes 24Costs 25Highways 25Wage rates 30

Copper - - 49Copper wire cloth 50Copra and coconut oil 37Corn 40Cost-of-living index 23Cotton, raw and manufactures 23,53Cottonseed, cake and meal, oil 38Crops 23,38,40,53Dairy products 23,39,40Debits, bank 31Debt, United States Government. 33Delaware, employment, pay rolls 28,29,30Department-store sales and stocks 26, 27Deposits, bank.. 31Disputes, labor 29Dividend payments 34Douglas fir 45,46Earnings, factory. 29,30Eggs _ 23,42Electrical equipment 49Electric power, production, sales, revenues 22,39Electric railways 35Employment:

Cities and States 28Factory _. 27,28Nonmanufacturing 28Miscellaneous 28

Emigration 36Enameled ware 47Engineering construction 24England, exchange; United States trade with. 32,35Exchange rates, foreign 32Expenditures, United States Government 33Explosives 37Exports 34,35Factory employment, pay rolls 27,28,29,30Failures, commercial 31

PageFairchild retail price index 23Fares, street railways 35Farm employees 28Farm prices, index 23Federal Government, finance 33Federal-aid highways 25,28Federal Reserve banks, condition of 31Federal Reserve member bank statistics 31Fertilizers . 37Fire-extinguishing equipment 55Fire losses 25Fish and fish oils 37,42Flaxseed 38Flooring, oak, maple, beech, and birch 45Flour, wheat 41Food products 22,23,27,29,39,40,41,42Footwear 45, 52Foreclosures, real estate 25Foreign trade, indexes, values 34,35Foundry equipment 48France, exchange; United States trade with.. 32,

34,35Freight cars (equipment) 27, 55Freight carloadings, cars, indexes 35Freight-car surplus 36Fruits 23,40Fuel equipment 48Fuels.. _ 43,44Furniture 46,48Gas, customers, sales, revenues 39Gas and fuel oils 44Gasoline 44General Motors sales 55Glass and glassware 22, 27, 28, 29, 52Gloves and mittens 45Gold.. 32Goods in warehouses 26Grains 23,40,41Gypsum 53Hardwoods _ _ . 45Heels, rubber 52Hides and skins 44,45Hogs . 41,44Honie Loan Bank, loans outstanding 25Hosiery 53Hotels 28,30,36Housing 23Illinois, employees, factory earnings 28, 29, 30Imports 34,35Income-tax receipts 33Incorporations, business .... 26Industrial production, indexes 22Installment sales, New England 27Insurance, life 32Interest payments 34Interest rates 31Investments, Federal Reserve member banks.. 31Iron, ore; crude; manufactures 22,46Italy, exchange; United States trade with 32,35Japan, exchange; United States trade with__ 32,34Kerosene 44Labor turnover, disputes 29Larnb and mutton 42,44Lard 41Lead 49Leather 22, 23, 24, 25, 27, 28, 29,44, 45Leather, artificial 54Liberty bonds 33Linseed oil, cake, and meal 38Livestock 23,41,42,44Loans, agricultural, brokers', time, real es-

tate 30,31Locomotives 55Looms, woolen, activity 54Lubricating oil 44Lumber 22,23,24,27,28,29,45,46Lumber yards, sales, stocks 45Machine activity, cotton, silk, wool 53,54Machine tools, orders 49Machinery . 25,27,28,29,35,48,49Magazine advertising 25Manufacturing indexes 22Marketings, agricultural 22,23Maryland, employment, pay rolls 28,29Massachusetts, employment, pay rolls 28, 29Meats 41,42Metals 22,23,27,28,29,49,50Methanol 37Mexico:

Petroleum production and exports 43Silver production 32United States trade with 35

Milk 40Minerals... 22,43,49Money in circulation 32National Industrial Recovery Act, highway

construction 25Naval stores 37Netherlands, exchange 32New Jersey, employment, pay rolls 28, 29,30Newsprint 50New York, employment, pay rolls, canal

traffic 28,29,36New York Stock Exchange _ 31,33Notes in circulation 31Oats 40Oceania, United States trade with 34,35Ohio, employment 28Ohio River traffic 36

PageOils and fats 37,38Oleomargarine . ... ... __ „ .. 38Paints _. 38Paper and pulp 22,23,27,28,29,50,51Passenger-car sales index 26Passengers, street railways; Pullman .35,36Passports issued .............. 36Pay rolls:

Factory , 29Factory, by cities and States . 29Nonmanufacturing industries. . . . _ 29,30

Pennsylvania, employment, pay rolls . 28,29Petroleum and products 22,27,28,29,43,44Pig iron _ 22,46,47Pork 41,42Postal business 26Postal savings ,. 31Poultry _ 23,42Prices:

Cost of living, indexes.. 23Farm indexes 23Retail indexes 23Wholesale indexes 23,24

22223233363649245025

World, foodstuffs and raw materialPrinting .Production, industrial . ......Profits, corporationPublic finance .....Public utilities ._Pullman Co „.Pumps _ „„Purchasing power of the dollarRadiatorsRadio, advertisingRailroads; operations, equipment, financial

statistics 35,36,55Railways, street 35Rayon 54Real-estate market activity _ 25Reconstruction Finance Corporation, loans

outstanding 33Registrations, automobiles 55Rents (housing), index 23Retail trade:

Automobiles, new passenger ... 26Chain stores:

5-and-10 (variety) 26Grocery 26

Department stores 26,27Mail order 27

Rural general merchandise 27Roofing . 39Rice 40Rubber, crude; scrap; clothing; footwear;

tires 22,23,24,27,28,29,51,52Rye 41Sanitary ware . .... 47Savings deposits 31Sheep and lambs . 42Shipbuilding. 22,27,28,29,56Shoes 22,24,25,27,28,29,45Silk 23,54Silver... 22,32Skins.. 44Softwoods _ ._ 45,46Spain, exchange ... 32Spindle activity, cotton 53Steel, crude; manufactures 22,47,48Stockholders. 34Stock indexes, domestic and world 23Stocks, department stores . 27Stocks, issues, prices, sales, yields 34Stone, clay, and glass products 22,

23,27,28,29,52,53Sugar 23,42Sulphur 37Sulphuric acid 37Superphosphate ... 37Tea _ 23,42Telephones and telegraphs 36Terneplate 48Terra cotta 53Textiles, miscellaneous products 54Timber 45Tin and terneplate 23,48Tires _ 22,24,27,28,29,51Tobacco 22,25,27,28,29,43Tools, machine 49Trade unions, employment 28Travel 36Trucks and tractors, industrial electric 56United Kingdom, exchange; United States

trade with . 32,35Uruguay, exchange 32United States Steel Corporation 30,34,48Utilities 28,29,34,35,39,55Vacuum cleaners 50Variety store sales index . . . 26Vegetable oils 37,38Vegetables.. 23,40Wages 29,30Warehouses, space occupied. . ... 26Waterway traffic 36Wheat and wheat fiour 23,41Wholesale prices 23Wisconsin, employment; pay rolls 28,29Wood pulp „ _. 50Wool _ 22,24,54Zinc _ 22,49


An Indispensable Source and Reference Book

STATISTICAL ABSTRACTOF THE

UNITED STATES1934

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