SCB_081937

AUGUST 1937

SURVEYOF

CURRENT BUSINESS

UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

WASHINGTONVOLUME 17 NUMBER 8

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

Manufacturersdistributed one-fourth of their total product to indus-

trial and other large users in 1935 . . . 23 per-

cent went to wholesalers and jobbers, 19 percent to

retailers, and 17 percent to wholesale branches.

Approximately two-thirds of all reporting manufac-

turers sold exclusively through one major channel

. . . nearly one-fourth of the plants sold directly to

household consumers. Distribution expenses repre-

sented 9.4 percent of sales but was as high as 15 per-

cent for one industry group.

These facts are from the "Distribution of Manu-

facturers' Sales", one of the reports issued as a

result of the 1935 Census of Business. A summary of

this report is presented in the article on page 12.


UNITED STATES DEPARTMENT OF COMMERCEDANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCEALEXANDER V. DYE, Director

SURVEY OFCURRENT BUSINESS

Prepared in the

DIVISION OF ECONOMIC RESEARCH

ROY G. BLAKEY, ChiefM. JOSEPH MEEHAN, Editor

Volume 17 AUGUST 1937 Number 8

CONTENTSSUMMARIES AND CHARTS

PageBusiness indicators 2Business situation summarized 3Graphic comparison of principal data 4Commodity prices 5Domestic trade 6Employment 7Finance 8Foreign trade 9Real estate and construction 10Transportation 11

SPECIAL ARTICLES

Distribution of manufacturers' sales 12Sales of chain drug stores 16

STATISTICAL DATANew or revised series:

Table 28. Construction contracts awarded in 37 Eastern States,projects, floor space, and valuation, 1936 , 18

Table 29. Construction contracts awarded in 37 Eastern States,valuation, public and private ownership, 1932-37 18

Table 30. Classification, by industries, of new securities effectivelyregistered with the Securities and Exchange Commission, 1933-37 19

Table 31. Finished cotton cloth, production and stocks, 1934-37.. 19Table 32. Tea stocks in the United Kingdom, 1913-36 20Table 33. Production of manufactured tobacco, by classes, 1934-37. 20Table 34. Face brick, shipments and stocks, 1934-36 20Table 35. Employment and pay rolls, Pennsylvania and Philadel-

phia, 1935 and 1936 20

Weekly business statistics through July 24 21

STATISTICAL DATA—-Continued

Monthly business statistics: Page

Business indexes 22Commodity prices 23Construction and real estate 24Domestic trade 25Employment conditions and wages 27Finance 31Foreign trade 37Transportation and communications 37

Statistics on individual industries:

Chemicals and allied products 39Electric power and gas 41Foodstuffs and tobacco 41Fuels and byproducts 45Leather and products 46Lumber and manufactures 47

Metals and manufactures:

Iron and steel 48Machinery and apparatus 49Nonferrous metals and products 50

Paper and printing 51Rubber and products 52Stone, clay, and glass products 53Textile products 53Transportation equipment 55

Canadian statistics 56

General index Inside back cover

Subscription price of the monthly and weekly issues of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.Foreign subscriptions, $3. Price of the 1936 Supplement is 35 cents. Make remittances only to

Superintendent of Documents, Washington, D. C.

4514—37-—1 1


SURVEY OF CURRENT BUSINESS August 1937

Business Indicators1923-25 = 100, except as noted

150125

100

7 5

5025

0

INDUSTRIAL PRODUCTION

\

1 ! 1 1 i 1

Adjusted

FREIGHT CAR LOADINGS

FACTORY EMPLOYMENT & PAYROLLS •

i 1 1 i ' i 1 1 i i 1 1 i i i i I i i i i i I 1 1 i i i 1 1 1 i i i

CONSTRUCTION CONTRACTS AWARDED125

100

75

50

250

150

125

100

75

50

i i iT*ri i.

TOTAL (Adjusted)

*****

150

125

100

75

50

25

0

125

100

75

50

250

RURAL SALES OF GENERAL MERCHANDISE

1 I I 1 I I 1

Adjusted

1 1 i i I i 1 1 i i 1 1 i i i i 1 1 1 i i i 1 1 1 i 1 1 1 i i i i

DEPARTMENT STORE SALES

1 1 1 1 1 1 I

A djusted

i 1 1 i i 1 i i i i i 1 1 1 i i i 1 1 1 i i i 1 1 1 i 1 1 1 1 i i i i

CASH INCOME FROM FARM MARKETINGS

FEDERAL RESERVE MEMBER BANK LOANS

Of 1 1 I 1 1 1 I

250

125100

755025

0

150125100

75

50

1 11 I 1 M

Ad/us tedj^K*~*s

1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1

WHOLESALE PRICES

\

i i i i i i i

T P/?O£>(/CTS

i 111 i I i 11 i i 111 i i i I 11 i i i 1111 11 I 11 i i i

BANK DEBITS OUTSIDE NEW YORK CITY

zi !,,,,, i,,,,, 1,,,,, i,.,, ,f o f i i i i i i i m i l l l i M n l i i M i l i i M i l i m i f

1930 1935 ^ 3 5 J936 1937 1930 1935 1 9 3 5 1 9 3 6 1 9 3 7ADJUSTED FOR SEASONAL VARIATION REVISED ^ REPORTING MEMBER BANKS 1 9 2 9 - 3 1 = 100 1 9 2 4 - 2 9 = 1 0 0

N O T E i n d e x e s a r e b a s e d on d o l l a r f i g u r e s , e x c e p t i n d u s t r i a l p r o d u c t i o n , f r e i g h t - c a r l o a d i n g s , a n d f a c t o r y e m p l o y m e n t DD 3039^


August 1937 SURVEY OF CURRENT BUSINESS

Business Situation SummarizedBUSINESS activity has been maintained at a rela-

tively favorable rate through July, the recent de-cline having reflected principally seasonal influences.Since seasonal tendencies were overcome a year ago bythe strong cyclical expansion then under way and bythe stimulus afforded as a result of the payment by theGovernment of the adjusted compensation certificatesheld by war veterans, relative gains over a year agonarrowed in June and July.

The movement of the seasonally adjusted index ofindustrial output during June and July has been in-fluenced to a considerable extent by the fluctuationsin the iron and steel industry. With the terminationat the end of June of the industrial dispute which tiedup production facilities of an important sector of theindustry, the output of steel rose sharply. Automobileproduction declined in June, after seasonal adjustment,and receded further in July. Declines in activityhave occurred also in some other important metal con-suming industries but in others—machinery and rail-road equipment, for example—manufacturing opera-tions have been well sustained. Lumber output hasincreased, although the use by wood-consuming indus-tries has not kept pace recently with production,judging by the shipments from the mills. Amongthe consumer-goods industries the June high lightwas the rate of activity in the petroleum refining and

tex t i l e industries. Refinery operations remainedhigh in July, but the weekly estimates of cottonconsumption indicated some moderation of textile millactivity.

The number of persons at work in the manufacturingindustries dropped more than seasonally in June, partlydue to labor disputes. The number of persons involvedin disputes during April, May, and June was higher thanin the earlier months of the year, but this numberdeclined in July. It is worthy of note that the workersinvolved in labor disputes in the first 6 months of theyear averaged less than 1 percent of the total numberengaged in nonagricultural pursuits. Furthermore,these individuals were idle for a period of less than 10days on the average, or little more than one-third of amonth each.

Retail sales of general merchandise have held at afairly even pace, after allowance for the normal seasonaldecline. Trade in farm areas has been strengthenedby the favorable prospects for this year's harvest, thebenefits of which are flowing to farmers as the cropmovement gets under way.

After 3 months of declining markets, stock pricesmoved sharply higher in July, reflecting the relativelyfavorable pace of summer business, crop prospects, theearnings reports covering the second quarter, and thereappraisal of the labor outlook.

MONTHLY BUSINESS INDEXES

Year and month

Industrial production

Unadjusted 1 Adjusted >

Factory employ merit

and pay rolls

li I21

ji

Freight-carloadings

TotalMer-

chan-dise,I. c. 1.

Eetail sales,value,

adjusted *

23

Monthly average, 1923-25=100 1929-31=100

Foreigntrade, value,adjusted >

a

I-

9ii

!C3

1!3

«Monthly average, 1923-25=100

Cash farmincome 3

c

Monthlyaverage,

1924-29=100

hl

pMonthlyaverage,1926=100

95.263.965.074.679.8

79.280.581.681.681.582.484.2

85.986.387.888.087.487.3

95.561.573.579.679.787.1

1929: June1932: June _.1933: June1934: June1935: June1936:

June.July.AugustSeptemberOctoberNovember..December _.

1937:JanuaryFebruaryMarchAprilMayJune

Monthly average, January through June:

192919331934..19351936 _.1937

12559918486

104105106107111115114

112117122122122115

123718589100118

12758928484

105105106107110115114

113118122124123115

125718489100119

11662838697

101102104110115115111

105111118105117118

11175879099112

12559918487

104108108109110114121

114116118118118115

12758938385

105109110110111115121

115116117118118114

11464858799

10010199102105112117

109115128115116115

105.762.870.785.283.7

90.492.893.493.894.496.298.6

98.899.7100.9101.6102.1101.6

103.964.583.284.688.4100.4

111.243.548.166.067.4

81.180.283.583.689.090.795.2

90.795.8101.1104.9105.2102.8

110.041.864.069.277.7100.1

10949616464

73767675778283

808283848078

1035262616878

10570686563

65666767666769

676869696967

1046566646368

11368677379

8791

1015868707785

127.464.365.772.399.7

111.5114.7111.9123.6127.1122.6131.0

106.7103.7126.2121.2127.1124.4

112.054.171.287.397.0

108.9

11634365050

55545155575257

576767758179

1153045455167

11536404451

62656270646176

748786828693

1183145526087

133.865.465.774.880.1

95.794.486.789.1

102.193.7

117.8

103.389.3

109.5101.697.8

101.5

135.556.769.576.888.3

100.5

12627182630

525962595758

1251735285260

85.034.052.050.053.5

69.584.075.089.0

104.088.586.0

75.559.570.569.068.071.5

89.340.548.353.861.669.0

94.039.070.066.062.0

80.088.074.577.576.077.578.5

75.070.581.589.078.084.5

* Adjusted for number of working days. 1 Adjusted for seasonal variations. 8 From marketings of farm products.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Graphic Comparison of Principal Data

1937

J929

19371936

l Q 3 *}

1937193619351934-1933

1929

I FIRST 6 MONTHS VZZZZX REMAINDER OFYEAR

BANK DEBITS OUTSIDE NEW YORK CITY (BILLIONS OF DOLLARS)5 O IOO J5O 2OO 25O 300

CONSTRUCTION CONTRACTS AWARDED (BILLIONS OF DOLLARS)

STEEL INGOT PRODUCTION (MILLIONS OF TONS)30 4 0 5 0

AUTOMOBILE PRODUCTION (MILLIONS OF CARS)

FREIGHT CAR LOADINGS (MILLIONS OF CARS)IO 20 3 0 5O

35O

o19371936193519341933

1929

CASH2

INCOME FROM FARMA

MARKETINGS *(BILUONS OF DOLLARS)

6 8 JO 12

60

c19371936193519341933

1929

)

//////////A

> i\ *t- I 5 6

6 0

INCLUDES BENEFIT PAYMENTS BEGINNING AUGUST 1933, AND AGRICULTURE CONSERVATION PAYMENTS BEGINNING OCT. 19360.0.9 O 28



Commodity PricesTHE recession in the Bureau of Labor Statistics7

weekly combined index of 784 commodity wholesaleprice series, which continued through nearly all of thesecond quarter, was checked in the latter part of June byan advance which extended through the first half of July.The rise of the combined index during the first quarter of1937 had been the result of substantial advances in theindexes of all three of the component economic classes—finished products, raw materials, and semimanufac-tures—but the downward movement during the secondquarter was due to declines in the last two classes, and inspite of a slight advance in prices of finished products.

Although the index of "all commodities other thanfarm products" moved almost horizontally throughoutthe second quarter, numerous commodities in this groupexperienced sharp reactions, includingnonferrous metals,steel scrap, crude rubber, and textile fibers, as well ascertain foods. Among the farm products, prices ofsome commodities, notably steers and hogs, movedcontrary to the general trend during the quarter.

The upward movement in prices during the firsthalf of July embraced commodities in all three of theeconomic classes. Prices of steers, hogs, meats, and

dairy products advanced sharply, as did those of steelscrap, tin, raw silk, and hides, but grains fluctuatedviolently with changes in weather and crop prospects.

The Bureau of Agricultural Economics indicates thatthe level of prices received by farmers was higher inmid-July than a month earlier. Prospective smallerworld supplies of wheat and improved demand areamong the factors tending to strengthen prices for theUnited States crop.

The National Industrial Conference Board cost ofliving index was only slightly higher in June than inMay. Eetail prices of food declined 0.2 percent; pricesof coal and sundries remained stationary, but prices ofclothing rose 0.3 percent and rents 0.6 percent.

Eetail prices of department store articles advancedfor the twelfth consecutive month, being 0.4 percenthigher July 1 than June 1 and 9.2 percent above July 1,1936, though they were about one-fifth below the 1929level, according to Fairchild's index. Every major clas-sification advanced during the month, women's wear andhome furnishings showing the greatest gains. Home fur-nishings and piece goods show the greatest advances sincethe beginning of this year and also over the 1936 lows.

INDEXES OF COMMODITY PRICES

Tear and month

1929: June1932: June1933: June . . .1934: June1935: June1936:

JuneJuly _AugustSeptemberOctoberNovember..December

1937:JanuaryFebruary.-MarchAprilMay. . .June... _ _.

Monthly average, Januarythrough June:

1929....19331934 . .193519361937

Wholesale Prices (U. S. Department of Labor)

-i

58

Economic classes

T3

0.

1I

Groups and subgroups

IIII

Monthly average, 1926=100

is£2 ill

. so©

S B |

Mo.average,

1923 =100

M o .average,1909-14

= 100

95.263.965.074.679.

79.280.581.681.681.582.484.2

85.986.387.888.087.487.2

95.61.73.579.679.787.1

95.070.069.078.282.2

80.781.682.482.382.082.683.8

84.985.486.487.487.587.7

94.766.777.281.881.586.6

96.653. 256.267.376.4

77.679.881.581.882.183.185.6

88.188.390.188.787.186.1

97.551.365.677.077.88.1

92.457.665.372.973.9

73.975.275.675.976.278.682.3

85.485.589.689.587.586.8

94.359.073.672.474.487.4

103.345.753.263.378.3

78.181.383.884.084.085.188.5

91.391.494.192.289.888.5

104. S45.60.679.177.391.2

91.037.757.472.476.9

73.088.9

102.4102.0102.1102.9109.0

113.0111.5113.2119.2113.9105.7

95.442.864.184.575.1

112.8

99.158.8:61.269.8

79.981.483.183.382.683.985.5

87.187.087.585.584.284.7

98.456.866.982.780.886.0

i l l l . 556.052.462.294.5

85.184.986.487.384.485.287.2

90.90.392.094.995.998.0

108.550.956.491.289.793.6

91.970.168.978.278.0

78.879.579.779.680.181.082.2

83.484.185.586.586.386.1

91.966.678.577.578.985.3

95.270.874.787.885.3

85.86.786.987.187.387.789.5

91.393.395.996.797.296.9

93.473.173.775.680.7

78.079.479.881.782.282.585.3

87.787.887.586.984.583.6

95.971.186.984.9 80. v85.6 79.095.21 86.3

72.15.4

84.571.661.572.874.2

76.176.276.376.1

76.5

76.76.8

77.5

83.062.772.373.176.076.9

107.970. 882. 487.188.9

93.893.493.694.695.697.099.7

76. 6 101. 78 102.7

1.2106.3

7. 26 106. 7106.4

108.872.388.686.995. 1

104.7

94. 674.773.482.080.5

81.481.281.481.782.082.383.2

86.587.988.489.089.389.5

94.72.381.580.781.588.4

101. 279.979.387.786.9

86.286.987.186.886.987.89.6

90.91.796.096.595.95.9

0 101..377.887.486.186. 594.5

90.152.761.572.770.1

69.770.570.970.971.673.576.3

77.577.578.379.578.778.3

91.653.975.369.870.578.3

82.464.2!60. 81

70.268.4

69.771.071.571.371.573.474.5

76.277.379.581.180.579.4

59.569.169.368.6;79.

99.4!77.673. 179.282.6

85.185.285.685.985.785.886.1

86.987.287.988.388.888.9

99.4

7&782.283. 888.0

14:587186

104

10'115124124121120126

131127128130128

m

1446182108106128

Retail prices

u

II

Mo.average,1923-25

= 100

103.767.664.973.581.5

83.884.084.084.382.882.582.9

84.684.585.485.686.86.3

102.261.772.480.280.985.5

U

Dec.1930

(Jan. 1,1931) =

100

75.172.388.285.7

87.988.188.589.390.090.891.7

93.093.794.595.295.696.0

70.589.086.388.194.7

1 Middle of month. 2 Index is as of the 1st of the following month.



Domestic TradeRETAIL sales of general merchandise have experi-

^ enced a seasonal decline in recent weeks, whilesales of automobiles have dropped by more than theestimated seasonal change. Comparisons of salesresults with those of the corresponding period of 1936show a smaller rate of gain than in the earlier months ofthe year, as sales in June and July a year ago receiveda sharp stimulus from the distribution of funds to WorldWar veterans in prepayment of their adjusted servicecompensation certificates. This direct increase in pur-chasing power through the issuance of Governmentobligations was reflected promptly in retail trade, andparticularly in sales of automobiles. Furthermore, thetrend of business activity generally was strongly upwardat this time last year whereas in recent months businesshas maintained a fairly steady pace at a level wellabove that prevailing in the corresponding period of1936. This smaller rate of increase in sales has beenevident in rural as well as in urban areas, and two of themore important monthly series—passenger car andchain grocery store sales—recorded declines in June incomparison with the corresponding month of 1936.

June department store sales dropped by the estimatedseasonal amount, the adjusted index remaining un-changed for the fourth consecutive month. TheNation-wide increase in sales over June 1936 was 7 per-cent, the variations by reserve districts being from nochange in the Dallas district to a gain of 13 percent inthe Chicago and 12 percent in the Cleveland districts.

Sales of general merchandise in rural areas were offmoderately in June from the May results, but farmpurchasing power remains relatively high, with favor-able crops being moved to market at good prices.Farm income from marketings in June exceeded lastyear's total by $17,000,000, or about 3 percent, despitethe unusual rise in income in June 1936 occasioned bythe drought which resulted in higher prices and anacceleration of marketings.

Sales of new passenger automobiles in June droppedmore than seasonally, the adjusted index falling to alow for the year. Sales of cars usually decline sharplyduring the summer months, the period of preparationby the manufacturers for the change to new models.A year ago the active selling season was prolonged bythe payments to the veterans.

Wholesale sales in June compared favorably with thoseof May, according to the sample data gathered by theBureau of Foreign and Domestic Commerce from thetrade. The increase over the corresponding month of1936 for the 1,105 reporting concerns was about 15 per-cent, a larger relative gain than was reported for May.

Aggregate dollar sales of more than 500 manufac-turers, which are also assembled monthly by the Bureau,were lower in June than in May but the drop was mainlythe result of the falling off of business in the iron andsteel classification. Sales in numerous other industriesheld up well, but showed a narrowing rate of increaseover a } ear ago.

DOMESTIC TRADE STATISTICS

Tear and month

Retail trade

Department stores

SalesUnad-just-ed i

Ad-just-ed »

Stocks sUnad-just-

ed

Ad-just-ed »

Com-binedindex

(ChainStore Age)

Monthly average, 1923-25=100

Chain-store sales

Avg. samemo. 1929-

31 = 100

Variety storesUnad-just-ed^

Ad-just-ed »

Rural sales ofgeneral mer-

chandiseUnad-just-ed i

Ad-just-ed »

New passen-ger-car sales

Unad-just-ed^

Ad-just-ed «

Monthly average, 1929-31=100

Wholesaletrade

Em-ploy-ment

Payrolls

Monthly aver-age, 1929=100

Commercialfailures

Fail-ures

Num-ber

Liabil-ities

Thou-sands

of dolls.1929: June. .1932: June1933: June1934: June—, . .1935: June1936:

June...JulyAugust. . .SeptemberOctoberNovember _December

1937:JanuaryFebruary.__MarchAprilMayJune .

Monthly average, January throughJune:

1929193319341935 . . .19361937

10866647076

84636894

100105161

10158

85

113686773

98

83.991.596.3

108.0109.6109.0110.0109.5111.0113.0

106.4110.0108.6110.0112.0114.0

79.9

100. 977'.479.186.386.1

98.897.286.597.8

100.4104.5195.7

70.381.397.189.098.3

100.0

94.0

106.381.583.290.890.7

104.0109.297.7

102.498.9

103.0106.1

94.497.4

103.396.298.3

105.3

65 : I6 3 I i

?J !90.894.5

101.7110.2

71.181.581.085.589.3

120.460.862.168.394.2

105.488.396.2

122.3155.1150. 8186.1

93.8117.4116.4119.4117.5

112.0

127.464. 365.772.399.7

111.5114.7111.9123.6127.1122.6131.0

106.7103.7126.2121.2127.1124. 4

183. 256.565.284.6

104.9

139.3117.392.971.056.5

113.1130.4

90.185.5

146.5141.3144.6132.9

165. 3

141.542.549.063.578.5

109.5104.592.083.085.5

151.0175.0

129.5139.5123. 5102.5103. 9

98.0

87.397.0108.9

43.:64. 690. 7112.1 1 |!123 5 ' !

99.275.673.982.382.1

84.685.486.388.089.089.791.0

90.792.092.191.990.8

98.0

98.663. 553.762.864.6

68.469.069.770.571.573.172.8

72.674. 175.075.476.176.2

1,596992944

773639655586611688692

811721820

! 786834»70

97,

81.883.485.291.3

54.562.064. 667.874.9

1,0601,012SS6

31, 69720, 59112,918

9,1779,9048,2719,8198,26611,53212, 288

8,6619,77110, 9228.9068, 364S, 191

51, 70922, 34314,82814,5199.136

1 Adjusted for number of working days. 2 Adjusted for seasonal variations. s End of month.



EmploymentEMPLOYMENT in the manufacturing and non-

manufacturing industries surveyed monthly by theBureau of Labor Statistics declined slightly in June,mainly as a result of the drop in the number at work inmanufacturing industries. Increased employment pre-dominated in the nonmanufacturing industries. Theemployment shifts were accompanied by a moderatedecline in pay rolls. The Bureau estimated thatnearly 1,400,000 more workers were employed in thesereporting industries in June than in June 1936.

Factory employment declined more than seasonallyin June, the adjusted index dropping 0.6 of a point to101.6 (1923-25 = 100). Factory pay rolls dropped 2.3percent from May to June. Strikes in the steelindustry had an important influence on the decline infactory employment and pay rolls.

Of the 45 durable-goods industries included in theBureau of Labor Statistics' tabulation, 24 showeddeclines in employment in June as compared with May.The recessions were generally small, except those inblast furnaces, steel works and rolling mills, and inplants producing bolts, nuts, washers, and rivets.Several industries reported seasonal gains, the sharpestbeing that for the radio and phonograph industry (32percent). Gains up to 3 percent were recorded in thealuminum, tin can and other tinware, structural metal,machine tool, and cement industries. For the durable-goods group as a whole, the net decline amounted toabout 1 percent.

In the nondurable-goods industries, the recession inthe total number at work was of about the same pro-portion as in durable-goods industries. Among theindustries in this group, 17 reported gains in the num-ber at work, and the remaining 27 reported declines.Manufacturers of food and kindred products were theprincipal ones showing marked gains in employmentover the month interval, and these were largely seasonalin character. The sharpest declines, which were alsopartly seasonal, included the fertilizer industry andvarious branches of the textile and wearing-apparelindustry. Other declines reported included those forthe rubber boot and shoe, rubber goods other thanfootwear and tires, and sugar-refining industries.

In contrast with the change in the manufacturingindustries, 13 of the 16 nonmanufacturing industriesreported employment gains in June as compared withMay. The largest relative gains were in dyeing andcleaning, laundries, and building construction, in whichincreases in employment are customary at this season.Employment in metalliferous mines continued thevirtually unbroken succession of increases which havebeen reported each month since July 1935.

Increased pay rolls also were shown in 13 of the non-manufacturing industries in June, including a 1.1 per-cent gain for the important retail-trade field. Thelargest relative increase was in anthracite mines wherethe settlement of labor difficulties brought increasedoutput and pay rolls.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES

Tear and month

Factory employmentand pay rolls

Employment

Unad- Ad-justed justed1

Payrolls

Unad-justed

Monthly average,1923-25=100

Nonmanufacturing employment and pay rolls(U. S. Department of Labor)

Anthracitemining

Em-ploy-ment

Payroils

Bituminouscoal mining

Em-ploy-ment

Payrolls

Electric lightand powerand manu-factured gasEm-ploy-ment

Payrolls

Telephoneand tele-

graphEm-ploy-ment

Payrolls

Eetail trade

Em-ploy-ment

Payrolls

Trade-unionmem-

bers em-ployed

Monthly average, 1929=100i Percentj of total; members

WagesFactory

(National Indus-trial Conference

Board)Averageweekly

Averagehourly

earnings

Dollars

Com-monlaborrates(roadbuild-ing^Centsperhour

1929: June1932: June _1933: June1934: June1935: June1936:

JuneJulyAugustSeptemberOctoberNovemberDecember

1937:JanuaryFebruaryMarchApril.MayJune

Monthly averageJanuary th roughJune:

192919331934_193519361937

105. 462. 570.284. 983.2

90.191.293.595.596.796.998.1

96.599.0

101.1102.1102.3101.3

103.964.83.284.688.4

100.4

105. 762. 870.785.283.7

90.492.893.493.894.496.298.6

98.899.7

100.9101.6102. 2101.6

111.243.548.166. 067.4

81.180.283.583.689.090.795.2

90.795.8

101.1104. 9105.2102.8

110.041.864.069.277.7

100.1

92.953.039.557.556.8

51.248.441.147.649.951.554.8

54.152.748.954.051.051.1

101.250.062.456.954.852.0

80.737.434,353. 366.0

42.037.231.434.948.540.355.4

42.741.037.863.944.450.9

96.941.865. 154.450.146.8

94.760.561.376.777.9

75.775.576.978.281.182.383.9

84.684.885.972.677.878.1

102.165. 575.978.478.380.6

90.0

29. 255.164.7

61.562.665.471.079.280.785.0

79.982.488.454.467.873.0

100.31.54.58.67.74.

413

63

100. 783.277.384.083.9

90.491.793.193.594.093.593.2

92.192.092.292.994.496.4

95. 67 7 *?•

82'482.887. 793.3

100.480. 569. 977.879.8

88.189.889.891.492.791.893.8

92.393.394.595.297.6

loo . i I

95.371.076.079.1SO. 193. 5

101.579.909.270.470.2

72.173.173.573.773.873.773.6

74.474. S75.476.677. 778.5

97.672.270.170.070.876 2

100. 0£2. 166. 671.374.4

77.479.981.278.883.181.682.4

83.682.287.286.389.588.5

97.369. 7(39. 873. 9

99. 376. 373.282 682.2

85. 583.282.486.688.7 j90. ]99.6

85.485.288.588.889.990.4

97.671. 781. 581. 188. 088. 0

99. 862.752 2

GT! 4C2. 5

66.465,164.466.668.370. 1

68. 067.970.571.973.2

97.351. 8GO. 361. 1f 4. 171 0

83838687888886

858687S88089

2>. 5910. 16IS. 5820. 7121.51

24.4524. 2024.7625.1825. 5125. 9826. 63

26.1126. 6827. 5028. 0328.3628. 35

.617 !

.617 |

.619

.619

.619.624.637

.638

. 642

. 659

. 685

. ''i8(J

. 705

28. 70 i . '88 !10. ?:2 j . -158 ;

2?!5! ! 1 670

42424142424139

39

Adjusted for seasonal variations.


8 SURVEY OF CURRENT BUSINESS August 1937

FinanceSTOCK prices, which declined in June for the third

consecutive month, rose, sharply during July withthe volume of trading increasing after the exceptionallysmall turnover in June. Bond prices were firm duringJuly under continued light trading. New capital issues,which increased in June primarily as the result of theoffering of a few large issues, were very small in Julyin spite of the improvement in stock market prices.Reports of corporation earnings for the first half of 1937revealed a considerable improvement, with the profits ofa representative group of large corporations rising toa level approximating that for the first 6 months of 1930.

Among hanking statistics covering the first 2 weeksof July, the further rise in the commercial, industrial,and agricultural loans of the reporting member bankswas of major interest. The excess reserves of memberbanks were estimated at $870,000,000 on July 21, ascompared with $752,000,000 on June 16, this increasebeing partly the result of a decrease in reserve require-ments and partly the result of disbursements of Treas-ury balances with Federal Reserve banks.

Gold continued to flow into the United States duringthe first half of July. Engagements for American ac-count in the London market since July 9 have beennegligible, however, because of a rise in the effectiveLondon price for gold to a point which made shipmentsto the United States unprofitable. This development,which checked the heavy movement of gold from Lon-don to New York, resulted from an advance in sterlingagainst dollars great enough to offset the fall in thesterling price of gold and reflected an apparent tendencyfor funds to flow from this market to London. The

gold-import movement from Japan, in progress sinceMarch, continued during the first half of July, andadditional heavy engagements for shipment to theUnited States were reported.

Imports of gold in July produced a further increasein the inactive gold account in the Treasury, whichreached $1,213,000,000 on July 19. On the followingday, a decrease was reported for the first time since thepolicy of segregating new gold acquisitions was inaugu-rated on December 21, 1936. The Treasury had pre-viously announced the conclusion of agreements withChina and Brazil, under the terms of which the UnitedStates will make gold available to China in exchangefor silver and sell gold to Brazil up to a total of $60,000,-000 for the purpose of promoting exchange equilibrium.

The French fiscal and exchange crisis culminated ina further depreciation of the franc in July. Althoughthe rate for spot francs moved within narrow limitsduring June, the discount on forward francs widenedsignificantly and, on June 29, the French Governmentdecreed a temporary moratorium (abrogated 2 dayslater) on commitments payable in gold or foreign cur-rencies. On June 30, the monetary law of October 1,1936, under the terms of which the franc had beenmaintained at an exchange value of approximately 66percent of former parity, was superseded by a decreeproviding that the gold content of the franc would befixed at a later date by the Council of Ministers. Quo-tations for the franc in New York fell abruptly, and thecontinued decline during the first 3 weeks of July carriedfranc exchange to levels below the parity existing beforethe devaluation of the dollar.

FINANCIAL STATISTICS

Year and month

FederalReservebankcreditout-

stand-ing,

end of |month I

iMon-etarysold

stocks

ExcessMoney rese*ve*™ia" memberthin" b a n k s 't i O n end of

month

Reporting member banks, Wednesday,closest to end of month

Loans Deposits

Total

Com'l,Indus- j Invest-: De-trial, ments | niand,

and ag-ricul-tural*

ad-| justed

Time

Bankdebits,outside

NewYorkCity

Stockprices

(stand-ard

statis-tics)

Bondprices(do-

mestic)

Millions of dollars 1926 = 100 j Dollars

Securityissues(new

capital)

Thous. ofdollars

Dividendrate,

average,per

share(600com-

panies)

Interestrates,com-

mercialpaper(4-6

months)

Dollars Percent

1929: June1932: June1933: June1934: June1935: June __ __1936:

JuneJulyAugustSeptemberOctoberNovemberDecember

1937:JanuaryFebruaryMarchApril _MayJune

1,4002,3102,2202,472

2,4732, 4622,4712,4732,4762,4532,500

2,4972,4652,4582, 5652,5852,562

4,0243,6694,0307,8219,025

10, 5141.0, 02910, 67410, 76410, 98311,11611, 220

11,31011, 39911,50211, 68611,90112,189

4,400 i5,243 !5, 4555,3415,522

6,0626,2036,1916,2586,3216,4016,563

6,4006,3696,3916.3976,4266,435

162475

1,7322,414

2,7173,0291,9501,8402,1752,2361,984

2,1522,0781,3981,594918865

16,92511,263 I8,945 '8,4988,037

8,4608,2948,4548,7538, 7218,8129,189

8,9419,1219, 3669,4289, 5719,760

4,2704,331

5,5607,4918, 55010,36511,791

14,15914,08413,80913,92913, 79613, 64713, 742

13, 63813, 59712, 90712, 77412, 58712,530

12,921

14, 67914, 85014,86715,11615, 34015, 48415, 571

15, 49315,50115,12615,38815, 27415,186

6,6795,5424,8015,0094,842

5,0115,0155,0325,0635, 0655,0375,067

5,0775,1675,1445,1585,2315,235

26, 40412., 90112,96914, 75415, 80S

18, 88018,61717,10617, 58620,14218, 47523, 238

20, 38317, 62021,60520,05119, 29220,019

190.7 ! 96.0534.372.873.1

105.6109.2113.0114.1118.7124.2122.8

126.0129.5129.9124.5116.3113.6

75.6686.8493.1693.94

97.6398.1998.8199.2799.41100. 55100. 76

100.0599.8396.8696.2796.7995.84

785,48883,872109,482118,58855,457

217, 686103,164218,074179, 487189,512158,071265, 850

248, 526168,188184, 594151,810149, 747359,208

2.881.341.051.191.29

1.511.581.641.671.701.982.03

2.042.042.042.052.092.09

1 This item was first reported in May. See footnote marked "®"onp . 32 of this issue.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Foreign TradeEXPORTS decreased in June from the relatively high

value reached in May, while imports attained prac-tically the same value as in the preceding month. Bothexports and imports were considerably higher than inJune 1936 as the same factors which operated to producea larger value of foreign trade in the earlier months ofthe year were also at work in June. These includedso far as exports are concerned a higher level of prices,particularly for crude materials and foodstuffs; the im-provement in economic conditions in most of our majormarkets; and in certain areas the special demandsarising from rearmament programs. An increase inthe value of trade was reported for all the leadinggeographic areas, the variation being from the 16 per-cent increase for Europe to the more than 60 percentgain in Asia.

The value of exports rose 33 percent for the 6-monthperiod in comparison with the first half of 1936, withprices contributing about one-fourth and increasedquantities about three-fourths of the rise.

Among the commodity groups the principal expansionthis year has been in shipments of metals, machinery,motor vehicles, and nonmetallic minerals, but exportsof other manufactured articles (rubber, textiles, lumber,paper, and chemicals, for example) increased moderately.Exports of agricultural products were slightly larger invalue during the first half of the year than in the cor-responding period of 1936, but were still relatively low.Larger exports of unmanufactured cotton, grains, feeds,

vegetables, and dried and canned fruit were reported;exports of meat products, fresh fruit, and leaf tobaccodecreased.

Exports of nonmetallic minerals, consisting chieflyof petroleum products, increased very considerably invalue as compared with last year, although they werelower in June than in May. Metals and manufacturesand machinery and vehicles were among the groups ofmanufactured products which have experienced a muchimproved foreign demand this year.

The increase in imports in the first half of 1937 overthose of the first half of 1936 resulted in considerablemeasure from the larger volume of crude materials andfoodstuffs purchased at rising prices. However, im-ports of finished manufactures also increased substan-tially in volume. The increase in the value of importsfrom those regions which export to us mainly crudematerials and foodstuffs was conspicuously large—182percent for Oceania, 98 percent for Africa, 62 percentfor South America, and 43 percent for Asia. Therelative increase in the value of imports from Europewas 37 percent. These percentages for the geographicareas are computed on the basis of 5 months' figures,the June returns not being completed as yet.

The increase of 45 percent in the value of imports inthe first 6 months this year in comparison with the firsthalf of 1936 resulted from a 28-percent gain in volumeand a 13-percent increase in unit value (price).

EXPORTS AND IMPORTS

Year and month

Valueof

totalex-

ports,d

ijustedi

Valueof

totalim-

ports,ad-

justed^

Monthly aver-ige. 1923-25=100

Ex-ports,

in-clud-ing

reex-ports

Exports of United States merchandise

Total

Crudematerials

TotalRawcot-ton

I!

Food-stuffs,total

Finishedmanufactures

Semi-man-ufac-tures Total

Ma-chin-ery

Auto-mo-biles,partsand

acces-sories

Imports J

TotalCrudema-

terialsFood-stuffs

Semi-man-ufac-tures

Millions of dollars

Fin-ishedman-ufac-tures

1929: June .1932: June i1933: June1934: June1935: June1936:

JuneJulyAugustSeptemberOctoberNovemberDecember .

1937:January _._FebruaryMarchAprilMayJune

Cumulative, Januarythrough June:

192919331934193519361937

11634365050

55545155575257

8179

s 1153 30M53453 51 !* 6 7 I

11536404451

626562706461

393.2114.1119.8170.5170.2

184.9179.8178.3220.1264.7225.8229.7

221.6232.5256.4269.2289. 9265.4

3 118 ! |2, 623.13 31 669. 3

! 1.036.111,024.1il,152.81.534.9

386.8109.5117. 5167.9167.3

180.6176.4175.6217.5262.0223.3226.6

217.9229.1252.3264.9285.1256.5

2, 578. 5656.9

1, 018.21, 003.1

56.124.240.347.040.8

39.330.438.172.8

100.482.267.4

60.654.452.250.452.042.0

484.2207.3300.6257.1 '

1.133.3 i 276.7 i1,505.7 II 311.5 I

30.913.429.328.923.4

19.710.812.438.258.447.040.2

37.534.134.328.624.616.8

319. 8140. 7184.8145.6154. 0175.7

48.518.013.414.915.5

14.515.019.723.324.913.713.1

13.122.517.516.516.316.0

364. 580.1

111.992.592.1

101.9

62. 114.718.228.028.8

34.133.332.331.936.732.834.9

34.237.953.056.171.863.3

382.996.8164.3164.8192.1316. 2

220.052. 545.778.082.2

92.797.785.589.5

100.094.6

111.2

110.1114.2129.6141.9145. 0135.2

49.210.39.3

18.620.6

26.029.325.227.331.826.430.8

31.531.537.0

! 43.542. 340.8

1, 347. 0272.7441.3488.8572.4 i776.1 ! 226*. 6

302.154.3

102.1126.2164.2

51.06.36.9

20.020.1

19.116.912.412.515.821.228.8

27.626.028.830.833.229.7

340.241.6

106.7123.4132. 8176.1

I 353.4I 110.3

122. 2135.1155.3

193.6196.5200.1218.4213.2200.4239.8

228.7260.3295.9281.7278.8278.7

2, 286. 4592.1831. 2984.4

1, 152. 11,624. 2

120.729.634. 342.643.8

54.656.061.769.462.861.275.4

77.090.991.688.791.892.5

828.1152.2244.7272.3346. 5532. 6

77.532.836.939.249.4

59.059.356.364.261.358.373.3

68.476.397.491.084.580.1

521.1204.0258.1337.3359. 6497.6

75.718.527.826.831.7

43.142.740.840.840.540.649.0

46.552.257.954.555.858.9

456. 7104.1158:. 0190. 0235. 0325.8

79.529.423. 326.530.4

37.038.641.443.948.640.242.2

36.740.949.047.646.747.2

480. 5131.7170.4184.7210 9268.1

1 Adjusted for seasonal variations.

4514—37 2

1 Genera] imports through December 1933; imports for consumption thereafter. 3 Monthly average.



Real Estate and ConstructionCONSTRUCTION contracts awarded increased

during June following the substantial recession inMay, according to the F. W. Dodge Corporation data.Total awards in the 37 States covered by the Dodgeservice reached $318,137,000, the largest monthlyfigure reported since April 1931. The increase resultedfrom the larger volume of both public and private workinitiated. Total awards were 37 percent larger than inJune 1936 and for the first time this year the value ofpublicly owned projects exceeded the total for thecorresponding month of 1936.

Major increases in June were reported in the indus-trial classifications—factory, railroad, electric light andpower, and pipe-line construction. The gain in resi-dential construction resulted mainly from activity inthe apartment field; there was a moderate decline incontracts for single-family dwellings.

Among the groups in which public work is particularlysignificant, the major increases were reported for edu-cational buildings, sanitary systems, and water-frontprojects. The value of contracts awarded for highwayconstruction was slightly smaller in June than in May.

The semiannual survey of the National Association ofReal Estate Boards revealed a favorable situation inthe real-estate field with respect to vacancies, rents,and financing, but a large number of cities reported thatthe advance in construction costs was retarding the

planning and initiation of new projects. The availablestatistical data from other sources show the increase incosts this year to have been very substantial. Thetrend is evident from the monthly indexes of buildingcosts which are published regularly in the SURVEY, aswell as from the data gathered by the Federal HomeLoan Bank Board on the cost of residential constructionin various cities. Material prices have moved frac-tionally lower during July, but the Bureau of LaborStatistics' wholesale price index for this classificationis only 0.5 of a point under the high of 97.2 (1926 = 100)reached at the end of May.

The association's survey revealed practically nooversupply of residential units; rather an inadequatesupply of single-family dwellings was reported in nearlythree-fourths of the reporting cities, and of apartmentspace in more than half of the cities. Improvementwas also reported in the rental situation with regardto commercial properties, although more than 80 per-cent of the cities reported an over or normal supply.

On the basis of a special survey of the turnover ofvacant property, the association reported that thenumber of city lots sold in the first 4 months of theyear in 152 cities was about twice the number of housesbuilt. While this was partly the result of seasonalconditions, it suggests preparations for an enlargedvolume of residential operations.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATEConstruction contracts awarded

Year and month

FederalReserveindexad-

justed i

Monthlyaverage,1923-25=

100

All types ofconstruction

Num-ber ofproj-ects

Mil-lions ofdollars

Residentialbuilding

Mil-

feet

Publicutili-ties

Publicworks

Millions ofdollars

Building-material shipments

Com-monbrick

Thou-sands

Lum-ber

Mills,of ft.b. m.

Oakfloor-ing

Thous.of ft.b. m.

Ce-ment

Thou-sands ofbarrels

Con-struc-tion

costs,Eng.

News-Rec-ord 2

Month-ly av«

1913 =100

Loans outstandingFederalsavings

andloan

associa-tions 3

Home-loanbank

HomeOwners'

LoanCorp.3

Thousands of dollars

Real-estatefore-clo-

sures(non-farm)

Month-ly av-erage,1934=

100

1929: June1932: June1933: June1934: June1935: June1930:

June :

J u l y . . . . .August ._.September >October.— \November !December j

1937: !

JanuaryFebruary IMarch. . _.AprilMay :June

Monthly averageJanuary through .June: i

1929... ,1933 __;1934- ;1935 i19361937.

63 i6256535660

17,1427, 151 i9, 174 I8,364 !

10,450 |

13,351 i13,890 i12,912 |12,056 i12,966 I11,269 I9,605 |

8,731 !9,746 !

13,355 !16,162 I13,756 !13,884

125 J| 15,399 !

356,6377, 797

! 8,840i 10,768'. 12,606

530113102

148

233295275234226208200

24318823127024431S

502

142116206249

36.55.88.36.613.7

20.620.524.421.221.620.019.0

18.418.724.229.523.023.8

37.85.65.59.616.023.0

173. 823.127.726.649.8

73.672.0100.580.779.768.465.5

78.463.090.2108.083.993.1

181.218.922.034.755.886. 1

60.05.65.013.19.1

9.327.517.915.714.218.019.1

21.832.420.321.010.829.9

48.24.711.56.815.622.7

95.544.619.444.330.0

70.799.176.468.852.955.842.1

46.727.332.244.856.070.1

75.017.762.531.453.246.2

61, 07888, 324172. 892170,135172, 748173, 723189,104163, 246141,080

108,169113,598163,801191.040190, 670

1,1541,573

1,9722,0562,0052,1222,3271,7511,899

1,8132,0512,2982,1692,0882,138

52,15864, 268118,272

1,2661,5471,8612,093

44, 31910, 25317, 7237,96517, 732

31,61730,12330,40833, 43233,93529,98835,878

38,84734,39136, 42735, 25330, 45525,489

| 41,0149, 9729,03613,79626, 93933, 477

18,9499,2647,9798,5417,632

12, 52111,82312, 62412, 61913,0898,9426,246

4,6895,1637,87910, 26511.89012,649

11,7084,6555,8615,3227,8718,756

205.7152.2163.4199.6194.8

204.6204.4208.1208.1211.5212.7220.7

223.5223.5225.3230.3232.7237.4

165,199

47, 57985,14879, 233

442,027 118, 580465,682 I 122,094497, 852507, 574532, 064531,078544,107

576, 299611,212630,680644,068679,949699,849

207.160.195.195.202.228.

078408

126,663377, 294640,343

125, 211129, 752134, 929137, 250145, 394

143, 738141,198142, 716146,146153, 488167,054

25,47287,81276,716107,410149, 057

1,039,0032, 660, 6773, 092, 8712,920,7392,897,3672, 869, 6602,883, 5032, 801, 8272, 765,098

2,711,4512, 680, 2302,661.5422,625,4932, 591,1152,556,401

562, 5402, 538, 6093,045,8682,637, 705

100.4106.7

81.782.778.385.777.875.184.4

65.174.073.374.8

97.6106.981.3

1 Based on 3-month moving average of values and adjusted for seasonal variations. 2 Index is as of 1st of month; index for July 1,1937, is 241.8. 3 See footnote marked " • ' ' on p. 25.


August 1937 SURVEY OF CURRENT BUSINESS 11

TransportationTHE volume of freight carried by the railroads in-

creased by about the usual seasonal amount duringthe first 3 weeks of July, following a 2-month periodof decline which reduced daily average loadings in June,seasonally adjusted, to the lowest level since October.As in May, the June decline was to some extent trace-able to strikes which curtailed miscellaneous loadings,but other classes of freight also showed declines. Cokeand grain and grain products were exceptions.

Loadings are still above those of a year ago, but themargin of gain has narrowed considerably. Thus, theincrease during the first 5 months of this year over thecorresponding period of 1936 amounted to about 14percent, but the gain in June over the preceding Junewas about 7 percent.

With this reduction in the rate of gain, attention iscalled to the fact that the marked recovery in freighttraffic has been a comparatively recent development.The improvement attained significant momentum onlyduring the last year and a half, and the volume of traffichas not yet recovered to the same extent as has thevolume of industrial output. In the first half of thisyear, loadings were 26 percent below the volume in thecorresponding period of 1929, while industrial produc-tion, according to the Federal Reserve index, was about4 percent lower.

The reduction in loadings during June was accom-panied by a shrinkage in gross revenues, and the gainover the corresponding month in the preceding yearwas the smallest reported since August 1935. Thegain in June 1937 over the corresponding month of 1935in the operating revenues of all class I roads amountedto 6.4 percent, as compared with an increase of 12 per-cent for the first 6 months of the year. Net railway oper-ating income for the half year increased by one-fourth.

Orders for railway equipment were sharply curtailedduring June, and during the first half of July only onelarge purchase of freight cars was announced. Thisrecession followed a period of unusually heavy buyingby the railroads, and total orders for the first half ofthe year for freight cars, locomotives, and passenger carswere larger than for any full year from 1930 to 1935,inclusive. For passenger cars, the 6 months' figure waslarger than the 1936 total.

Though the cyclical movements of equipment buyingand loadings and revenues are closely related, this doesnot imply a causal relationship between the currentdecline in equipment buying and the recent reductionin the rate of gain in loadings and revenues. The mostimportant factor at the moment is the seasonal element,which usually results in the timing of orders with regardto the fall traffic peak.

RAIL AND WATER TRAFFIC

Tear and monthUnad- Ad-

justed1 justed!

Freight-car loadings

F. E. index

Monthly aver-age, 1923-25=

100

TotalCoalandcoke

For-est

prod-ucts

Grainand

prod-ucts

Live-stock

Mer-chan-

disel.c.l.

OreMis-cel-la-

neous

Freight-car

surplus

Thousands of cars 4

Pull-manpas-sen-gerscar-ried

Thou-sands

Financial sta-tistics, class I

railways

Oper-atingreve-nues

Net rail-way op-eratingincome

Thousands ofdollars

Canal traffic

SaultSte.

Marie

NewYorkState

Thousands ofshort tons

Pana-ma3

Thous.of long

tons1929: June1932: June1933: June1934: June1935: June.1936:

JuneJulyAugustSeptember __.OctoberNovember. _.December

937:JanuaryFebruaryMarchAprilMayJune

Monthly average Januarythrough June:

1929. _ _19331934193519361937

110 I49 !61 !64 I63 |

73 '7777

73

79

10352G2

10949616464

73767675778283

808283848078

6168 |78

1,073.0501.8603.3626.2616.4

696.7706.4740.2765.3819.1753.4693.9

663.4694.6750.9738.8779.5744.1

985.3513.2593. 7583.1637.8728.0

167.470.6

105.9107.9131.8

114.9117.2129.7142.4168.7167.4167.4

163.4169.2179.2128.9129.0120.6

182.3101.5130.1129. 5137.1148.2

70.316.626.724.726.7

34.732.736.134.735.734.033.0

29.734.937.737.039.739.1

65.218.123.124.430.136.2

44.627.239.836.825.9

34.952.943.331.832.232.832.5

29.629.328.829.927.330.7

42 232! o29.925.931.729.2

23.614.715.615.49.9

11.812.915.418.221.919.214.8

13.611.311.412.613.511.0

260.5174.4169.9161.3156.2

162.2157.0165.6165.8171.2162.7158.1

152. 7160.1170.5172.6171.2163.3

25.915.715.612.312.012.3

76.54.3

14.233.832.8

50.552.354.956.452.828.38.3

9.910.510.95 0.272.573.2

430.1194.1231.2246.3233.3

287.8281.3295.2315.9336. 7308.9279.7

264.4279.4312.3327.5326.3306.3

253.2159. 7160. 9154. 7154. 0164.8

34.8 I5.2 !

12.3 I13.7 !19.235.1 !

381.7181.0221.7222.6253. 8302.2

218774454338272

170147146125112121133

131113113134147137

239608371308190129

3,0001,3001,2011,3031,309

1,4301,5161,5651,5191,4691,3511,497

1,6051,3851,4751,4191,364

5 2,6585 981

5 1, 2005 1,2325 1, 3705 1,449

526, 022243, 545278, 329282, 779281,328

330,621349, 744350, 585357,207391.457358, 548372,265

331,685321, 927377.813351, 573352, 613351,704

504,966235,874271, 650272, 589312,110347,886

103, 54312, 30059, 83142, 03834,103

50, 25961, 77464,68170, 16689,85172,41170,520

38,43738,35969, 37947, 80743, 66358,940

91,99925, 79237,81132,46239, 66549,431

14,0761,9883,5837,9017,058

9,83510, 95110, 69911,04110, 7897,094373

000

4, 62014,11014,161

387454479557482

6167386058217227170

000

305577792

1,186633779835862

9761,0581,054962485214

281467

1,2551,0051,0771,018

1,195689971851920851

1 Adjusted for number of working days.2 Adjusted for seasonal variations.

* American vessels, both directions.1 Average weekly basis.

5 5 months' average, January through May.


12 SURVEY OF CUREENT BUSINESS August 1937

Distribution of Manufacturers' SalesBy S. L. Kedzierskl, Chief, Wholesale Trade Section, Marketing Research Division

THE importance of the various primary channels ofdistribution for manufactured goods has been dis-

closed by a new publication of the Bureau of the Censuspresenting data compiled in the 1935 Census of Busi-ness.1 The factual data gathered in the survey dealswith the first stage of distribution of manufacturedgoods which go directly to the following outlets: (1)Manufacturers7 own wholesale branch, (2) industrial

ALL INDUSTRIES

PRINTING AND PUBLISHING

FOREST PRODUCTS

RUBBER PRODUCTS

PRODUCTS OF PETROLEUM

AND COAL

FOOD AND KINDRED

PRODUCTS

MISCELLANEOUS

TO INDUSTRIAL

AND OTHER I

LARGE USERS

TO OWN

WHOLESALE

BRANCHES

TO OWN RETAIL

STORES AND *

HOUSEHOLD *

CONSUMERS

Figure 1.—Percentage Distribution of Manufacturers' Sales, by PrimaryChannels of Distribution, 1935

and other large users, (3) wholesalers and jobbers, (4)manufacturers' own retail stores, (5) retailers of alltypes, (6) household consumers, and (7) other plants inmanufacturers' own organization. The report includesa comparative distribution of sales in 1929 and 1935, thenumber of manufacturers using each of these channelsof primary distribution, and the number using any onechannel exclusively in 1935.

This survey also shows, for the first time, the numberof employees engaged in distribution activities and thecost of distribution incurred at manufacturing plants.Data are presented for each of 315 separate industries,as well as for the industry groups.2

Importance of Various Channels.According to the survey, the sales volume in 1935, at

f. o. b. factory prices, of 134,392 reporting manufactur-1 The material in this article is, in general, a summary of the data presented in the

publication under this title "Distribution of Manufacturers' Sales", recently issuedby the United States Department of Commerce, Bureau of the Census. Copies ofthis report may be obtained gratis by writing to that Bureau.

2 Data were not compiled fot 22 of the 337 industry classifications into which manu-facturing activity is divided by the Census Bureau. A list of these industries andthe reasons why such distribution was not made are given on pp. 17 and 18 oi" the pub-lication noted above.

ing plants amounted to 43.8 billion dollars. Of thisamount 38.2 billion dollars, or 87.3 percent, representssales through six channels of primary distribution.

For all industrial groups combined, the proportion ofsales made through these principal channels in 1935 ispresented in table 1. These have been grouped in theorder of their importance. The portion of the totalsales volume not distributed in the table (12.7 percent)consists of interplant transactions, exports invoiceddirect from plants, and other sales not distributedthrough usual channels or not allocated. Considerabledeviation from these over-all percentages is evident inthe various lines of business, and the extent of thesevariations is developed in the statistical and graphicdata assembled in this article.

Table 1.—Relative Importance of Channels of Primary Distribution for AllManufacturing Industries

Manufacturers sales toPercent oftotal net

sales

Industrial and other large users _ j 24.5Wholesalers and jobbers [ 23.2Retailers of all types (including chain stores) - . . .' 19. 2Own wholesale branches. ~___ ! 17.1Household consumers ; 1.8Own retail stores i 1. 5

Total _• 87.8

Source: Bureau of the Census, Census of Business 1935, Distribution of Manu-facturers' Sales, p. 19.

From the data presented in table 2 it is evident thatin most industrial groups, four types of outlets play animportant role in distribution of manufacturers' goods.Figure 1 show s graphically the relative importance ofthe various major channels.

Two-Thirds of Plants Sell Exclusively Through One Channel.

Figure 2 shows the number of plants selling throughvarious distribution channels. The bar in each in-stance indicates the number of plants using each typeof outlet and the black portion represents the propor-tion of the plants which sell exclusively through this onechannel. Thus, 52,743 manufacturing plants soldgoods to retailers, and out of this number 22,740 plantsor 43.1 percent used this means of distribution exclu-sively; 47,192 plants sold to wholesalers and jobbersand 42.6 percent of these establishments sold exclusivelyto this field, etc. Table 3 presents these data for eachof the 16 industrial groups.

The extent of concentration of sales for all industriescombined is shown in figure 3. About two-thirds ofthe manufacturing plants or 89,144 establishments soldgoods exclusively through one channel. The lowerportion of this chart shows the break-down of sales ofplants selling exclusively through one channel, arranged



according to type of outlet used. Of all those plantsusing a single outlet, about one-fourth sold to industrialusers and nearly the same percentage to retailers, whilemore than one-fifth of these manufacturers obtain theirdistribution through wholesalers and jobbers.

Shifts Between 1929 and 1935.

Table 4 is a comparison of the primary channels ofdistribution used in 1935 with those used in 1929 byindustry groups.3 Comparable data are available for91,688 plants, or 68.3 percent of the plants reporting.These plants had sales in 1935 of 26.3 billion dollars, or

THOUSANDS OF PLANTS

SELLING THROUGH THIS CHANNEL BUT ALSO USINGONE OR MORE OTHERS

Figure 2.—Manufacturers' Sales—Number of Plants Selling ThroughVarious Distribution Channels, 1935.

69 percent of total distributed sales. The data intable 4 as well as those for each of the 315 individualindustries, disclose many changes in the relative im-portance of primary channels of distribution used bycertain industries or groups of industries between the2 years under discussion. While these changes aremore important in some industries than others, it isapparent that there have been but few significantchanges in the distribution methods of manufacturersas a whole. The outstanding changes for all industriescombined were the decline in the proportion of manu-

3 Due to changes in the composition of the various industry groups between 1929and 1935 and the lack of comparability as between years for certain industries, thedata in table 3 are confined to 91,688 plants or 68.3 percent of total plants reporting.For further explanation see p. 15, Distribution of Manufacturers' Sales, Census ofBusiness 1935, Bureau of the Census.

facturers' sales to wholesalers and jobbers from 32 per-cent in 1929 to 27 percent in 1935, and the reductionof sales direct to industrial and other large users from26 percent of the total in 1929 to 25 percent in 1935.Against these reductions in relative position it is shownthat the proportion of sales to manufacturers' ownwholesale branches increased from 18 percent in 1929to 21 percent in 1935, while sales direct to retailerincreased from 20 per cent to 23 percent.

Distribution Expenses Surveyed.

The 1935 Census of Business provides for the firsttime data on distribution expense incurred at manu-

EXTENT OF CONCENTRATION OF SALES

1

SELLING EXCLUSIVELY

ONE CHANNEL

PERCENT

THROUGH

HIJ SELLING

THAN

100

THROUGH MORE

ONE: C H A N N E L

PERCENTAGE DISTRIBUTION OF PLANTS SELLINGEXCLUSIVELY THROUGH ONE CHANNEL

PERCENT

50 75 100

mma•TO INDUSTRIAL

USERSi T0 RETAILERS

rr— — ^

{ TO WHOLESALERS j1 AND JOBBERS \

| | | | | | fTO

HOUSEHOLDCONSUMERS

nunTO

OTHERS

Figure 3.—Proportion of Manufacturers' Plants Selling ExclusivelyThrough One Channel and Percentage Distribution of Such Plants, byType of Channel, 1935.

facturing plants. This report shows the number ofemployees engaged in distribution activities, the payroll of distribution employees, traveling expenses ofsalesmen, advertising, credit and collection expenses,bad debts, and the portion of such overhead expensesas rent, interest, and general administrative expenseallocated to distribution.

In the collection of these distribution expense datamany difficulties were encountered because there is nouniform classification for such expense common to in-dustry, and some manufacturers did not have account-ing systems which differentiated production costs fromdistribution costs. The result is that one plant mayconsider an item as a distribution expense while anotherplant may classify it as something else. As a result ofthis lack of uniformity among manufacturers in classi-fying and recording expense data, the accuracy of thefigures given in the report cannot be warranted, andall expense data reported in the survey of Distributionof Manufacturers' Sales should be considered with thesefacts in mind. Distribution expense data as reportedfor the 16 industry groups should be considered in thelight of general relationships and should not be usedfor specific comparisons with any of the 315 industrialclassifications.



Table 2.—Summary of Primary Channels of Distribution by Industry Groups

Industry group Total distributed To ownwholesalebranches

To indus-trial and

other largeusers

To whole-salers andjobbers

To ownretailstores

To re-tailers

To house-hold con-sumers

All industries.

Thousandsof dollars

38,212,860

Food and kindred productsTextiles and their products -Forest productsPaper and allied productsPrinting and publishingChemicals and allied products . . .Products of petroleum and coalRubber productsLeather and its manufacturesStone, clay, and glass productsIron and steel and their productsNonferrous metals and their productsMachineryTransportation equipment, air, land, and water..Miscellaneous .

9,450,9895, 323,4271, 528, 5781,291,557

37, 3902, 583,1741,831,104655, 995

1,166, 286885, 533

3, 532,0591, 560, 8443, 243, 3662. 913, 9242, 208, 634

Percent100.0

100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0

Percent19.6

Percent28.1

Percent26.5

Percent1.7

Percent22.0

Percent2.1

21.37.2

5.8

32.861.143.019.828.519.39.8

20.119.26.7

7.524.633.154.951.831.212.629.322.034.160.669.048.322.212.3

30.726.427.232.418.421.319.715.916.519.514.213.023.226.262.9

3.31.31.2

.74.02.72.5.22

'.21.6.4.6

32.339.328.06.8

18.911.92 29.0

39.014.55.37.16.2

31.315. 7

4.91.23.9.1

10.92.1.4.1.2

3.2.4.9.6

l.S

Source: Bureau of the Census; Census of Business 1935; Distribution of Manufacturers' Sales, table B, p. 21, used as basis for distribution of $38,212,850,000, or S7.3 percentof the total sales reported.

Of the total of 134,392 manufacturing plants, only53,623 with total net sales of $21,418,000,000 reportedon both elements of distribution expense (distributionpay roll and other distribution expense). These53,623 plants had an expense ratio of 9.4 percent, di-vided into 4.1 percent distribution pay roll and 5.3percent other distribution expenses. It will be ob-served from table 5 that chemicals and allied products,with 15.2 percent; stone, clay, and glass products, with11.7 percent; machinery, with 11.7 percent; and forestproducts, with 11.4 percent, had the largest total dis-tribution expenses in 1935.

Transportation equipment, air, land, and water,with 3.2 percent; products of petroleum and coal, with7.4 percent, and rubber products with 7.8 percent, re-

ported the lowrest distribution expense. In practicallyevery instance, with the exception of textiles and theirproducts, and printing and publishing, distribution payroll was the lesser of the two reported expenses.Employees Engaged in Distribution.

While it was difficult in some cases for the manufac-turers reporting to separate employees engaged in pro-duction and those engaged in distribution, it is possibleto ascertain a measurement of number of employees en-gaged in such activity for purposes of general compari-son by industries. Included in the distribution ex-penses of the 53,623 plants is a total of $882,953,000paid to 523,623 full-time and part-time officers andemplo37ees who devoted all or a major portion of theirtime to distribution activities.

Table 3.—Percentage of Plants

Industry group

All industries

Food and kindred productsTextiles and their products.._Forest products _ _Paper and allied productsPrintinCT and publishingChemicals and allied prod-

uctsProducts of petroleum and

coalRubber productsLeather and its manufactures.Stone, clay, and glass prod-

uctsIron and steel and their prod-

ucts ._Nonferrous metals and their

products _MachineryTransportation equipment,

air, land, and water .Miscellaneous

Wholesale branches

Totalnumber

6,160

2,229532358115

828

23847

195

311

357

125486

79260

Percentselling ex-clusively

45.7

40.768.839.745.2

60.1

28.621.362.1

58.5

29.7

44.838.3

12.741.9

Sell ing Exclusively T h r o u g h Variou

Industrial users

Totalnumber

42, 650

4, 4523,3476,3551,770

53

3,202

304247

1,086

2,598

4,169

2,5037,955

6563,953


54.5

14.458.358.549.647.2

43.1

24.336.064.8

53.9

60.6

65.365.5

47.468.5

Wholesalers andjobbers

Totalnumber

47,192

14, 6725, 6566,2711,216

38

3,265

330271

1,194

1,630

2,589

1,7123,569

4244,355


42.6

40.552.552.738.713.2

33.0

30.935.140.9

35.7

34.3

43.728.4

27.153.2

s Distribution Channels, by

Own retail stores

Totalnumber

7,185

5,821284293

159

661678

62

25

5073

20238


42.4

43.353.233.8

28.3

1.56.3

38.5

54.8

12.0

54.028.8

30.045.0

Retailers

Totalnumber

52, 743

23,4199,0794,633

67444

2, 456

145172

1,634

1,598

1,372

1,4681,740

3393,970


43.1

36.271.345.625.529. 5

22.6

17.916.358.4

39.7

20.8

44.221.4

27.447.9

Industry Groups

Household con-sumers

Totalnumber

30,968

20, 7581,2532,910

3323

1,120

10738

164

1,456

485

541686

1491,245


41.5

44.340.334.412.113.0

23.4

5.62.6

21.3

57.8

18.6

33.819.0

30.244.7

Through agents,etc.

Totalnumber

17,919

4, 3793,0502.546

3773

1, 330

11081

431

641

1,050

4872,072

1551,207


24.1

32.232.338.47.2

33.3

16.7

17.312.316.2

10.3

8.0

10.912.0

15.59.5

Source: Bureau of the Census: Census of Business 1935; Distribution of Manufacturers' Sales, table C, p. 22, with percentages shown for "selling exclusively.


August 1937 SUEVEY OF CURRENT BUSINESS 15

Table 4.—Comparison Between Channels of Primary Distribution Used in 1935 and Those Used in 1929, by Industry Groups i

Industry group

Total distributedsales, 1935

Amount(thous. ofdollars)

Numberplants

1935 distributed salesof industries com-parable with 1929

Amount(thous. ofdollars)

Numberplants

Channels of primary distribution

Own whole-sale branches

Per-cent1935

Per-cent1929

Industrial

Per-cent1935

Per-cent1929

Wholesalersand jobbers

Per-cent1935

Per-cent1929

Own retail | Retailers

Per-cent1935

Per-cent1929

Per-cent1935

Per-cent1929

Householdconsumers

Per- ! Per-cent cent1935 1929

Sales nego-tiated

throughagents, etc.

Per-cent1935

Per-cent1929

All industries K

Food and kindred productsTextiles and their productsForest products..Paper and allied productsChemicals and allied products..Petroleum and coal productsRubberLeather and if,s manufactures...Stone, clay, and glass products...Iron and steel and their productsNonferrous metals and their

productsMachineryTransportation equipmentMiscellaneous

33,175,470 134, 285 26, 328, 269 91, 688 20.6 18.0 24. 6 26.0 27.3 31.8 2.2 2.4 | 22.9

9, 450, 9895, 323, 4271,528,5781.291,5572, 583,1741, 831,104

655. 9951,166, 286

885,5333, 532, 059

1,560,8443, 243, 3662,913,9242, 208, 634

47, 99216, 66515, 6612,9197, 269

676467

3,3805, 6296,363

4,75710, 6921,133

10,682

8,084, 6301,111,2091, 436, 2201,291,5571, 028, 4921, 665, 073

655, 9951,056,611' 577, 924

2, 905, 447

697, 8581,175,8012, 876,0301, 765, 422

40,1594,679

15, 3092.9193, 353

415467

2,7453, 5473,589

2, 8593,2161,0127,419

21.54.85. 95.8

20.264.343.020.428.321.3

6.820.119.44.4

24.65.84.53.8

12.260.141.721.34.95.9

5.917.817.05.9

7.916.932. 054, 930.910.029.318.431.659.8

61.144.521.86.6

6.913.038.851.833. 58.5

25.914.536.355.8

56. 341.924.39.0

28.515.327.132. 431.019.615.916. 718. 813.4

20.624.626.372.6

31.622.430.239.139. 1IS. 616.125.049.834.1

w/. 829.0

3.85.11.3

4.42 .72:l\. 31. 2 !

2 . 9 I.4 !.6 l

3.24.61.2

.57.6

33.255.329. 66.8

15. 31.69.0

3.7 ! 41.6.1 16.9.3 ! 4.S

20.0

29.250.824.55.3

12.75. 2

15. 635.16. 23.9

.3 ilO. 4 I 8.21 4 ; 7.4 6.71.9 i 31.4 29.1. « 13. 9 I 14. S

5. 12. (34. 1

. 1

. 1

i. 1

i .y

1.8

4. 03.4

8.3

14.05.9

. 8 15. 15. 5

14.61.3

(3)

7.4

12.14.S

12.18.0

16.12.42.46.18.36.5

4.46.91.02.7

1 Table limited to industries which are directly comparable in 1935 and 1929.2 The printing and publishing industry is omitted from this table.3 Less than Mo of 1 percent.

Source: Bureau of the Census; Census of Business 1935; Distribution of Manufacturers' Sales, table A, p. 20.

In some cases a wide variation was found to exist indistribution expenses between the major industry groupsand also between different industr}^ classificationswithin the same major industry group. This is naturalperhaps, not only because of the wide divergence inselling methods employed by different industries butalso because of the far-reaching changes that have beenand are still taking place in the channels of distributionin many fields.

No attempt has been made in the survey of Distribu-tion of Manufacturers' Sales to explain the reasons,aside from the limitation of the data, for these varia-tions or to arrive at any conclusions as to what relationshould exist between the cost of distribution and salesvolume for any particular industry group or industryclassification. The aim has been rather to present thefacts as they exist in as simple and concise a manner aspossible.

The value to be derived from the survey of Distribu-tion of Manufacturers' Sales, Census of Business 1935,is not particularly from tables which are presented for16 industry groups but rather from the tables presentingthe data in detail for each of the 315 industry classifi-cations. For the latter purpose it should be of value tomanagement and financial executives. This holds truenot only of the tables which show the flow of manu-factured goods through channels of primary distribu-

tion, but also of the distribution expenses of each of the315 industries as reported by the business census.

Table 5.—Summary of Distribution Expenses, by Industry Groups

Industry group

All industries

Food and kindred products.Textiles and their products--Forest products..Paper and allied products.-_Printing and publishingChemicals and allied prod-

uctsProducts of petroleum and

coalRubber products .__Leather and its manufactures.Stone, clay, and glass prod-

uctsIron and steel and their

productsNonferrous metals and their

productsMachi neryTransportation equipment,

air, land, and waterMiscellaneous

| Total dis- Distritvi- Other dis-! tribution tioa pay iributionj expenses ! roll j expenses

I

53,623| 21,418! 2,007| 9.4'; 883: 4. ij 1,124

17, 7351 6,313!8,197| 2,853-4,516! 871!1,353;

3,071

1, 589

1,9441

768!

1,137;

277i

598!

373!

2.941! 1.607;| i

1, 939 j 640!4,721 2,257!

540' 1 . ^ 3 : 64i 3.2,4,556 1,203! 150} 12.5

595i 9.4J2491 8.7'100! ii.4|

65: &..'.'•}) I 8.8i

172' 15.2;j

40:54|

44: n . 7 j

130: 8.1!

5S 9. l264^ 11.7

261

4s:31 i

4. 3j4. 5|5. 514. 06.0j

33412

5.34.2

21!

60:

23 4.4110' 4.0

52, 5.94.52.8

3 0fii 9.3

4.85. 14.5

221 6.0j

70j 4.3

301153

4094

2.07.8

1 Less than $1,000,000. Total distribution expenses were $652,000.Source: Bureau of the Census; Census of Business 1935; Distribution of Manu-

facturers' Sales, table D, p. 24.



Sales of Chain Drug StoresAS part of the general program of the Bureau of

- Foreign and Domestic Commerce designed tosecure more adequate data on the trend of retail sales,figures from chain drug stores have been collected andmade available to the public each month since thelatter part of 1935. The monthly releases of theBureau have given the percentage changes in sales forthe current month as compared with the previous monthand with the same month a year ago. It is the inten-tion to construct an index of such sales as soon asdata are available for a sufficient period of time.Early this year the cooperating chain organizationswere requested to furnish annual sales figures for1935 and 1936, the information to be used both forchecking previously reported monthly figures and as abasis for annual tabulations.

The representativeness of the data gathered is indi-cated by a comparison of the results reported bycooperating firms with the totals reported by the Bureauof the Census in its 1935 Census of Business. Thefirms reporting monthly data operated 2,345 units withsales of $228,410,000 in 1935, or more than 66 percentof the store units and 76 percent of the total dollarvolume reported for drug chains, according to theCensus. In more recent periods, however, the coopera-tion of additional firms has raised the estimated cover-age to about 84 percent of total chain store salesvolume. About one-fourth of all drug store sales in1935 were made by chain units, according to the 1935Census of Business.Fountain Sales Show Largest Relative Expansion in 1936.

Total net drug chain sales for an identical group ofstore units were 4.7 percent larger in 1936 than in1935, according to the data collected by the Bureauof Foreign and Domestic Commerce, with the widestincrease—11.9 percent—reported for fountain sales.The other two categories into which sales were divided,namely, tobacco and "all other'7, recorded increases of3.6 percent and 2.5 percent, respectively. It shouldbe noted that these increases, based upon identicalstores in operation for both years, do not reflect changesin sales volume accounted for by the increase or decreasein the number of units operated by cooperating chains.During the 2-year period, additional units were openedand others discontinued by the reporting firms. Allunits operated by reporting chains in 1936 recordedsales amounting to $243,489,000, an increase of 6.6percent over 1935. This percentage compares withthe 4.7 percent gain for identical stores.

i Prepared by Edward L. Lloyd, Chief, Market Data Section, and Arnold L.Skinner from data collected by that section of the Marketing Research Division.

Results by Regions and Size of Chains.Most of the cooperating firms operated in only one

geographic area.2 However, nearly all of the reportingchain organizations whose operations extended overseveral regions were able to report separate regionalfigures. The organizations reporting such data ac-counted for nearly 50 percent of all chain drug storesales in 1935. The distribution of sales and stores ispresented in table 3.

While total sales of identical stores for 1936 increased4.7 percent over those for 1935, sales in the West SouthCentral States increased 13.7 percent and those in theNew England States showed a gain of only 1.5 percent.Changes in tobacco sales in this group of stores rangedfrom a 14.6 percent gain in the West South CentralStates to a 1.7 percent loss in the West North CentralStates. Changes in fountain sales ranged from a 17.3percent increase in the Mountain and Pacific States to a6.2 percent increase in New England. These data aswell as comparative figures for all sales reported arepresented in table 1.

Table 1.—Percentage ChangeRegions and by

Region and size group

GEOGRAPHIC EEGION

United States totalNew EnglandMiddle Atlantic .East North CentralWest North CentralSouth Atlantic ___ .East South CentralWest South CentraLMountain and Pacific _ .

CHAIN SIZE GROUP

United States total, allchains.. _ .

10 stores and less11 to 25 stores26 to 99 stores100 stores and more

in Chain Drug-Store Sales by GeographicChain Size Groups, 1935 to 1936

Sales of identical store units

Total netsales

+4.7+1.5+5.6+7.2+2.9+6.4+6.5

+13.7+6.7

+4.7+14.1+9.9+8.2+2 4

Tobaccosales

+3.6+2.5+4.6+7.9- 1 . 7+5.0+6.3

+14.6+5,4

+3.6+6.8

+11.3+8.1+1.2

Foun-tain sales

+11.9+6.2+9.3

+12.0+9.0

+11.7+6.5

+13.0+17.3

+11.9+16.3+13.4+13.5+11.2

All othersales

+2.5- . 3

+3.9+ 5.0+3.4+4.9+7.1

+13.1+4.3

+2.5+13.6+8.9+6.6

- . 1

Sales ofall

stores

+6.6+2.9+5.4+9.5

Q

+7.8+6.7

+16.8+10.6

+6.6+ 12.6+ 13.0+ 11.4+4.2

Source: Data collected by the Bureau of Foreign and Domestic Commerce.

Interesting variations appear when sales are groupedaccording to the number of units operated by eachorganization. For this purpose, the firms were dividedinto four classes as follows: Those operating 10 storesor less; 11 to 25 stores; 26 to 99 stores; and 100 scores ormore. Grouped in this fashion, identical store units

2 Census regions used and States comprising them are as follows: New England(Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont);Middle Atlantic (New Jersey, New York, Pennsylvania); East North Central (Illi-nois, Indiana, Michigan, Ohio, Wisconsin); West North Central (Iowa, Kansas,Minnesota, Missouri, Nebraska, North Dakota, South Dakota); South Atlantic(Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina,South Carolina, Virginia, West Virginia); East South Central (Alabama, Kentucky,Mississippi, Tennessee); West South Central (Arkansas, Louisiana, Oklahoma,Texas); Mountain and Pacific (Arizona, California, Colorado, Idaho, Montana,Nevada, New Mexico, Oregon, Utah, Washington, Wyoming).



recorded increases in total net sales in 1936 in inverseproportion to the size of the chains (table 1). Chainsoperating 10 stores or less showed a 14.1 percent in-crease while sales of those organizations operating 100stores and more rose 2.4 percent.

Sales increases for all stores operated were about thesame for the smallest and next smallest groups, and thevariations for all units operating less than 100 storeswere not large. The relative gain for chains operating100 or more stores was about a third as large as that forthe other chains.

Distribution of Dollar Sales.

Studies made of the distribution of dollar sales ofdrug-store commodities by geographic regions, and bysize of chain organizations, are based on sales of thoseorganizations which reported data for each of theclassifications. Table 2 reveals some change in thecomposition of chain drug-store sales from 1935 to1936. For the United States, the percentage of totalsales represented by tobacco sales decreased from 23.5in 1935 to 23.1 in 1936, while the proportion of fountainsales to total sales increased from 19.6 percent in 1935to 21.0 percent in 1936.

The distribution of sales by size of chains (based uponnumber of stores operated) shows that tobacco salesaccounted for nearly one-fourth of all sales in 1936 inchains operating 26 or more stores, and closer to one-fifth for the smaller chains (table 2).

Table 2.—Percentage Distribution of Chain Drug-Store Commodities byGeographic Regions and by Chain Size Groups, 1935 and 1936


GEOGRAPHIC REGION

United States total

New EnglandMiddle AtlanticEast North Central _West North CentralSouth AtlanticEast South CentralWest South CentralMountain and Pacific

CHAIN SIZE GROUP

United States total, all chains

10 stores and less11 to 25 stores26 to 99 stores100 stores and more

Tobaccosales

1936

23.1

19.423.925.522.321.120.420.714.5

23.1

18.820.524.423.4

1935

23.5

19.223.926.123.421.420.620.414.7

23.5

20.020.325.023.7

Fountainsales

1936

21.0

20.024.119.820.823.323.219.518.6

21.0

25 820.319.521.3

1935

19.6

19.123.218.619.822.223.219.516.8

19.6

25.119.818.419.6

All othersales

1936

55.9

60.652.054.756.955.656.459.886.9

55.9

55.459.256.155.3

1935

56.9

61.752.955. 356.856.456.260.168.5

56.9

54.959.956.656.7


The ratio of tobacco sales to total net sales decreasedfrom 1935 to 1936 in three of the size groups, and in-creased in one. The ratio of fountain sales to total netsales increased in 1936 as compared with 1935 in eachgroup. The only group reporting an increase in theratio of "all other" sales to total net sales was thatcomprising the smallest chains, those operating 10stores or less.

4514—37 3

Average Sales Per Store.For the entire country, average sales per store oper-

ated by the reporting chain drug companies amountedto $104,745 in 1936. By regions, this figure washighest in the Mountain and Pacific States, where theaverage was $120,880 per store, followed by the NewEngland States with a $102,633 average. The lowestfigure was that of $62,542 shown by the East SouthCentral States.

The average sales per store varied with the size ofthe chain organization, according to the grouping intable 3. Chains operating 10 stores and less showedan average annual volume per store of $61,500, orabout half the average for the units of the companiesoperating 100 stores or more.

Table 3.—Stores, Sales, and Average Volume perRegions and by Chain Size Groups


GEOGRAPHIC KEGION

United States total

New England .Middle AtlanticEast North CentralWest North CentralSouth Atlantic ___. . . .East South CentralWest South CentralMountain and Pacific . _ . _

CHAIN SIZE GROUP

United States total, all chains

10 stores and less...11-25 stores26-99 stores . .100 stores and more

Store, by Geographic, 1936

Identical store un

Numberof stores

2,118

14148040911314643

106136

2,118

117330433

1,238

Total sales !

$221, 849, 250

14,471,23744,890, 13539,851,9049, 956, 925

13,672.0162, 6S9, 294

10, 039, 79416, 439, 629

221, 849, 250

7,195, 46123, 095 03646, 253, 243

145, 305, 510

its

A veragevolume

per store

$104,745

102, (53393, 52197, 43788, 11493,64462, 54294,715

120, 880

104,745

61, 50069,985

106, 820117,371

1 While all chains are represented in the chain size classification, only 80 percentof sales of reporting firms are distributed by geographic regions. All sales of firmsgiving data by regions accounted for about 50 percent of chain drug store sales in 1935.


Sales Trend Continues Upward in 1937.Preliminary data received from these cooperating

firms for the first half of 1937 indicate an increase intotal chain drug store sales over the same period of1936 of about 6 percent. Fountain sales have con-tinued to record a more-than-average increase. To-bacco sales appear to be increasing at the same rate asthat for all sales combined, while the increase in salesof "all other" items has been below average. Thewidest increases, by geographic areas, have been in theEast North Central and South Atlantic regions wheresales increased about 10 percent.

Data on independent drug store sales, which theBureau is collecting from 14 States in the Middle-western, Southwestern, and Mountain regions, indi-cate an increase for the first half of 1937 approximatingthat for chain drug stores. This estimated increase ofslightly more than 7 percent compares with the 10percent gain shown for these independent drug storesin 1936 over 1935.



NEW OR REVISED SERIESTable 28.—CONSTRUCTION CONTRACTS AWARDED, 37 EASTERN STATES (F. W. DODGE

CORPORATION) x

[Revised statistics for 1936]

Month

JanuaryFebruaryMarch -_ _AprilMayJuneJuly

SeptemberOctober .NovemberDecember

Total

Monthly average

Total construc-tion—all types

Proj-ects

Num-ber

7,7256,441

10,51313,33713, 24213,35113,89012 91212,05612,96611, 2699,605

137,307

11,442

Valua-tion

Thou-sands ofdollars

214,793140,419198, 762234,632216,071232, 665294,735275 281234, 272225,768208, 204199, 696

2,675, 296

222, 941

Month

JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctober _ _ . _.NovemberDecember

Total

Monthly average

Nonresidential buildings

Total

Proj-ects

Num-ber

2,7612,3553,1053,7913,4363,4113,6263,5043,0793,3192,9972,467

37, 851

3,154

Floorspace

Thou-sands ofsquare

feet

16,04711,38415,04717,32115, 62915,91617,54315, 50413, 63914,36114, 62314, 370

181,383

15,115

Valua-tion


90,48062,61181, 24494,06882 25279,07996,12580, 38069,09979,07165, 89572,956

953, 260

79,438

Commercial build-ings

Proj-ects

Num-ber

1,3911,3541,8742,3532,1231,9782,0642,1421,8632,0441,8221, 406

22,414

1, 868

Floorspace

Thou-sands ofsquarefeet

2,9912,4564,2035,2534,4615,8676,1855,3624,9355,1945,7194, 551

57,177

4,765

Valua-tion


15,55012, 56817, 25124, 27218, 78521,91028, 64121,96320, 06521,98922,98623,156

249,136

20, 761

Educational build-ings

Proj-ects

Num-ber

570375339314309377484336260231263239

4,097

341

Floorspace

Thou-sands ofsquare

feet

7,6174,1003,9314,7003,8593,3834,4882 4231,9372,2242,6772, 392

43,730

3,644

Nonresidential buildings

Public buildings

Proj-ects

Num-ber

16212213417113317313313914014911383

1,652

138

Floorspace

Thou-sands ofsquare

feet

1,672720

1,1871,3092,0011,503

8961,4331,0061,163

702690

14, 282

1,190

Valua-tion


12,4964,3428,9716,264

13, 70614,6596,557

11,2466,7307,9915,0414,207

102, 208

8,517

Religious and me-morial buildings

Proj-ects

Num-ber

8057

110128148187191177152149118102

1,599

133

Floorspaci*

Thou-sands ofsquare

feet

1771293534193625-16478504455421229240

4,313

359

Valua-tion


1,131812

1,5572,4422, 6453,0704,1504,4532, 7222,4371,5131,322

28, 253

2, 354

Social and recrea-tional buildings

Proj-ects

Num-ber

224153233316266240267225212218204163

2,721

227

Floorspace

Thou-sands ofsquare

feet

970673

1,0251,6041,349

719792729678678

1,099906

11, 221

935

Valua-tion


7,5424,6788,0068,0947,4224,8316,8144,8615,5136,8995, 6835,032

75, 376

6,281

Valua-tion


39,48021,12318,98023,15820,72618, 26623, 29312 3279,242

13,35513,14913, 049

226,147

18,846

Factory buildings

Proj-ects

Num-ber

272235348450390373408404392457421415

4,565

380

Public utili-ties

Proj-ects

Num-ber

221136205221176167229188224214222167

2,370

198

Valua-tion


17, 92611,93918,10623, 75312, 7739,264

27, 51217,94515, 73514,17118, 02919,117

206, 270

17,189

Floorspace

Thou-sands ofsquare

feet

1,6832,3813,3153,4802,5812,9193,6203 9563,8313,8503,5115,165

40, 292

3,358

Public

Proj-ects

Num-ber

1,049701

1,1231,0921,1021,3291,7821,2381,1691,143

870582

13,180

1,098

Valua-tion


8,95613,43718,41125, 54612,89510,21319,14014 98018,83818, 39214,07523,139

198,019

16, 502

works

Valua-tion


68,94834, 69444,19149, 66050, 79270, 71799,10376, 43568, 76752,86155, 83942,135

714,143

59, 512

Hospital and institu-tional buildings

Proj-ects

Num-ber

625967596783798160715659

803

67

Floorspace

Thou-sands ofsquare

feet

937927

1,034556

1,016978

1,0831 095

797831688427

10,369

864

Valua-tion


5,3255,6518,0694 2936 0746,1307 530

10 5515 9898,0093 4483,052

74,120

6,177

Residential buildings

Proj-ects

Num-ber

3,6943,2496,0808,2338,5288,4448,2537,9827,5848,2907,1806,389

83,906

6,992

Floorspace

Thou-sands ofsquare

feet

10, 3069,115

15, 60419,73620, 54720, 62420, 50124, 39321,18121,55319,98618, 969

222, 515

18,543

Valua-tion


37, 44031,17655, 22167,15170, 25373, 60571,994

100, 52380, 67179, 66468, 44165, 487

801,624

66, 802

1 Compiled by the F. W. Dodge Corporation and represent the usual annual revision of the construction data regularly published in the monthly issues of the Survey ofCurrent Business for total construction, total nonresidential building, public utilities, public works, and residential buildings. Other classes shown above represent a continua-tion of data shown on pp. 30 to 32, inclusive, of the 1932 Annual Supplement and on pp. 16 and 17 of the 1936 Supplement. Although all data have not been revised for 1936,the tabulation is presented in its present form for the convenience of the users of these data.

Table 29.—CONSTRUCTION CONTRACTS AWARDED IN 37 EASTERN STATES—PUBLIC ANDPRIVATE OWNERSHIP l

[Thousands of dollars]

Month

January - . . .FebruaryMarchApril _ . _. _-MayJuneJulyAugustSeptemberOctoberNovemberDecember

Total

Monthly average

1932

39, 34433,67344,81260,53092, 54864,26885, 26481,10280,10160 92673, 08752,012

767, 667

63,972

]

1933

39, 48026,63725, 20617, 63923,68428,80419,94647,18671, 355

100,496126, 402155,863

682, 698

56,892

Public ownership

1934

157,47765, 409

125, 94077, 83471, 79773,28652, 49868,63569, 27578, 55073, 75360,938

975, 392

83,283

1 9 3 5

54, 55037, 82868,01152, 59247, 08463, 61866, .58992, 33997,110

113,688117,731195, 961

1, 007,107

83, 926

193G

149,19278, 83196,111

104,56094, 491

116,389153,302153,017115, 561101,23189, 08682, 461

1,334,232

111,186

1937

112,34569,38166,35574,16492, 585

137, 709

Private ownership

1932

45.45455, 37367,42261,17553, 67348, 80743, 50552, 88647, 42646, 34832, 21529, 207

583, 491

48,624

1933

43, 87626, 07634, 75238, 93453, 48873, 53862, 60858, 80348, 77944,87135, 93951,347

573,011

47,751

1934

28, 98731,30752, 40653, 32362, 56653, 77067,16550, 95740, 87656, 67537, 93831, 747

567, 717

47,310

1 9 3 5

45, 21837, 21954,93071,42879, 63784, 38792, 66976, 21870, 26686,90870, 38468,175

837,439

69, 787

1936

65, 60161, 588

102, 651130,072121,580116,276141,433122, 265118,711124, 537119,118117, 235

1,341,067

111,756

1937

130,482118,875164,891195,570151,528180, 428

i Compiled by the F. W. Dodge Corporation and represents a division of the total valuation of construction contracts awarded, based upon ownership.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Table 30.—CLASSIFICATION, BY INDUSTRIES, OF NEW SECURITIES EFFECTIVELYREGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION x

[Estimated gross proceeds in thousands of dollars]

Year andmonth Total

Ex-trac-tive

indus-tries

Manu-factur-ing in-dustries

Finan-cialandin-

vest-ment

Trans-porta-tionand

com-muni-cation

Electriclightand

power,gas andwater

Otherin-

dus-tries

Year andmonth Total

Ex-trac-tive

indus-tries

Manu-factur-ing in-dustries

Finan-cialandin-

vest-ment

Trans-porta-tionand

com-muni-cation

Electriclightand

power,gas andwater

Otherin-

dus-tries

1933JulyAugustSeptemberOctoberNovemberDecember

Total. _Monthly average.

1934January _FebruaryMarchApril.MayJuneJulyAugustSeptemberOctoberNovemberDecember

163,65640,95719, 52539,15576,13062, 542

9254,6551,6521,4655,5945,874

7701,674

12, 81417,13012,27722,991

161,96134,6284,272

12, 94056,81631,152

6,228

2,500

787850

1,44325

1935—ContinuedJulyAugust.SeptemberOctoberNovemberDecember

530,475254, 062319, 874406, 087289,772212, 085

1, 51815,6165,0602,8835,322

28, 784

210, 66954, 303150, 53270, 59468, 60436, 954

95, 69576, 9059,888

110,44114, 38418, 709

19,634

52, 037240

46, 835

199, 03432,182153, 269163, 011193, 42235, 553

3,92575, 0561,1257,1217,800

45, 250

401, 965

2 66,994

20,165

2 3, 361

67, 656

2 11, 276

301, 769

2 50, 295

3,105

2 518

Total _.

66, 76975,94024, 717

115, 56919,46354,983101, 53741, 23636, 00429, 56734, 54740, 241

6,1743,6065,3816,117461600

2,7481,282803150

3,861

11, 0578,6276,16019, 6105,0515,3945,390

21,2911,3794,1641,4241,017

54,18729,10112,41378,8985,910

48, 61151,44513,85130, 7834,50012,98234,938

30, 000

~~8~667~

18743, 500

2,37420, 1009,600

5562,0382,5383,0132,385330602

3,346186

10, 391425

Month ly average.

1936JanuaryFebruaryMarchAprilM a yJune—JulyAugustSeptemberOctoberNovemberDecember

2, 677, 694

223,141

78,121

6,510

797, 554

66,463

479, 694

39,975

128,985

10, 749

1, 047, 803

87,317

145,537

12.128

275, 696212, 089583, 391751,013319,319523,439362,925286,022260, 080526, 330266, 026698,408

6,5783,971

42512, 22110, 3276,3723,7013,5212,9583,2381,904

14,274

163,12160, 703

177, 998263,893128,500232, 07561,40255, 473

116, 052109, 923110, 646

79, 234

28, 75436,19049, 91071,82295, 81869,348

106, 654114,14056,45690, 3477,249

89, 565

2,720700

12, 767155,176

1,46722,002

2, 7673,861

190,9183,723

198,393

27,81095, 675

237,182204,40079,003

197, 350158, 605

49, 51679,998

119,77578,543

193,571

46, 71314,850

105,10943, 501

5,67116,82710, 56160, 605

75512,12963,961

123, 371

TotalMonthly average

1935JanuaryFebruaryMarchAprilMayJune

640, 573

53,381

32,152

2,679

90, 564

7,547

377, 619

31,468

114,428

9,536

25,810

2,151

11, 04436, 843130, 016154,597140, 208192, 631

1,750525

6,6033,827892

5,341

45,13618, 58989, 03352, 260

7, 31034,51324,25759,02618,8029,764

150

10, 089

1,730875

52,17572, 75520,415123, 382

10450

1,845400977

1, 884

Total

Monthly average.

1937JanuaryFebruaryMarchAprilM a yJune

5, 064, 738

422, 062

69, 490

5,791

1, 559, 020

129,918

816, 253

68, 020

594, 494

49, 541

1, 521,428

126,786

504, 053

42, 004

429,990491,400469,907288, 076238, 068369. 065

5,4313,643

10, 4384,4572,9859,572

185, 533205, 49197, 428

159, 782155,131117, 685

48, 37437,211

154,17913,89314, 98552. 732

4,658

27, 76623, 00543,37526,100

86, 697143,963134,800

10, 5472, 492

142, 340

99, 297101,092

45, 29676, 39219,10020, 637

1 Compiled by the Securities and Exchange Commission and represents the volume of new securities (i. e., securities other than those issued in connection with exchanges ofsecurities for the registrants or their predecessors' securities, or in connection with the issuance of voting trust certificates or certificates of deposit) covered by registration state-ments that have become fully effective (i. e., registered with the Commission). The data do not include those registrations which have been made effective under notice ofdeficiencies and effective under notice of hearings. They do not include data on registration statements filed and not yet effective, whether because of stop or refusal orders,withdrawals, or because examination has not yet been completed. The data are based solely on the registration statements as filed by the registrants with the Securitiesand Exchange Commission. All data refer to registrants' intentions as of the date of filing or of later amendments and do not cover the actual sales of securities. The filing ofregistration statements was made mandatory under the provision of the Securities Act of 1933. Additional details are shown in the monthly reports of the Commission.

2 Average of months shown.

Table 31.—FINISHED COTTON CLOTH[Thousands of yards]

Month

January., . _ . . . .FebruaryMarch . _April. .May _JuneJuly—August -_September . . .OctoberNovemberDecember. .

TotalMonthly average--

January.. _FebruaryMarch.. _April .MayJuneJuly—. _August...SeptemberOctoberNovember.December ._ ._


Production

Bleached,plain

Dyed,colors

Dyed,black Printed

Stocks, end ofmonth

Bleachedplain,dyed

colors,dyedblack

Printed

1934122, 441132, 216163, 201149, 615136, 575106, 369100, 663112,815111,192133,918126, 284128,449

1, 523, 738

126, 978

76,39088,856

117,119104, 295

97, 46973,67566, 22173,37473,13089,08487,34987, 660

1,034, 622

86, 219

4,7445,2396,3935,8945,8134,8675,6655,7176,1397,9566,6696,091

71,187

5, 932

99, 553104, 555130,969122, 523114,40383,12475, 56984,20590, 456

125, 945113, 742107,005

1, 252, 049

104, 337

331, 787324,142325, 862307, 783309. 353313, 279308, 924268, 492265, 926276,033297,158283, 449

300,990

105, 910104,583

99, 267106,018106, 756117, 624109, 374100, 705100, 731108,451111,369107, 211

106,5001936

130,462123,866141,875140,478140,466140,006143,808145,397148,115167, 411148,811169,520

1, 740, 215

145,018

115, 094116, 732130, 660133,122126, 336116,604123, 516132, 642139, 298147,464124, 446140, 508

1, 546,422

128,869

6,4315,8635,7745,8246,1576, 5859,135

11,0827,740

10,4377,1078,416

90, 551

7,546

113,451103,258108, 580105, 741103, 612

99, 909106,182109,283111,118128, 227122, 237134,003

1, 345, 601

112,133

262,128262, 584237, 551246, 355253,219245, 948184, 649208,818237, 240231,751243,369253, 412

238, 919

119,172115, 780112,654108, 392119,896122, 210107, 294105, 691113,614117, 209115,491122,114

114,960

Production

Bleached,plain

Dyed,colors

Dyed,black Printed

Stocks, end ofmonth

Bleachedplain,dyed

colors,dyedblack

Printed

1935140, 980134,048144,699140, 678133, 906104,565105, 571115, 661115, 249143, 908133,182132, 959

1, 545, 406

128, 784

106, 348104,600117,890110,14999,90579, 24085, 45595,101

105,142125, 065116,546105, 946

1, 251, 387

104.282

7,5736,1976, 5695,8986,0386,0397,3207,9627,8228,9017,5985,459

83,376

6, 948

125, 398124,389128,534102, 52697,07869,14557, 35374, 82986,168

107, 333111, 785120,261

1, 204, 799

100,400

283, 268273,239286,010290,834288, 485373,008266, 551251, 658240, 347253,922258, 995261,731

277, 337

104,107102, 540103,955102,409107, 268113,45390,18092, 82087, 590

104, 935110, 245123,470

103, 5811937

158,507151, 363166,600155, 279140,065119,672

136, 493122, 232135,560125,154108,88892,190

7, 5956,4156, 6777,1727,7296,555

135,817120, 758130,393120, 262104,410

88, 294

248,338250,148260,013262,864276, 273?80, 983278,425

115,428114,852113,050119, 571125, 754129, 359120, 930

* Compiled by the U. S. Department of Commerce, Bureau of Foreign and Domestic Commerce, from data compiled by the National Association of Finishers of Textile Fabrics.The revision of the production data was occasioned by adjustment of the monthly figures for 1934,1935, and 1936 to revised annual estimates for the entire industry, which arealso made by the Association. The data for 1934 through May 1935 were practically complete, but the coverage dropped sharply in June 1935. Using an identical samplefor 1935 and 1936, based on the reports of 97 companies accounting for approximately 70 percent of the total output of the industry, it was possible to raise the figures to industrytotals and thereby derive series comparable with the figures for 1934. No serious distortion in the December 1934-January 1935 percentage changes for the 4 series resultedfrom this procedure; these changes were practically the same as those occurring in the original sample which, until the middle of 1935, represented practically the entire indus-try. The figures for 1937 have been raised in the same proportion as those for 1936, no important shift in the current sample as compared with the identical sample for 1935and 1936 being apparent. Industry totals for stocks (heretofore published as reported) are derived by applying to the raised production figures the ratio of stocks to produc-tion as indicated by the original sample. All figures are reported by the Association on a 13-month basis; the production figures are here prorated to calendar months, whilestocks are as of the end of each 4-week period, except that the two figures nearest the middle of the year are averaged.



Table 32.—TEA STOCKS IN THE UNITED KINGDOM l

[Thousands of pounds]

M o n t h 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924

JanuaryFebruary..,MarchApriLMayJuneJulyAugustSeptember.OctoberNovember.December..Monthly average..

JanuaryFebruary._MarchAprilMayJuneJulyAugustSeptember.OctoberNovember..December..

136,051129, 395121, 477103, 27287, 56877,09972, 65582, 22399, 717112, 632125, 434138,005107,127

1925

222,231,228,215,188,178,162,165,180,181,188,198,

Monthly average 195, 206

133, 872127, 768117,377107, 26787, 36177,43678, 95981, 03988, 09364, 54474, 486117, 84896, 338

130,139122, 20096, 01873, 59674, 04175,17283, 94690, 181116, 419130, 258148, 464148,196107, 386

150,161118, 72596,103

100, 01398, 87384, 50884,98397, 018118,663127, 237122, 873130, 247

110,784

118, 20794, 44192, 55786, 09986, 47272. 94964, 79346, 83834, 85032, 13137, 74537, 400

67, 040

63, 42769, 94585,18085,16192,95791, 33081, 76484,01976,01197,159122, 646135, 295

90, 408

132,127147, 042157, 570149, 671151, 589161, 561143, 729133,138142, 959145, 774169, 861213,083

154, 009

215, 175203, 061212, 645207, 520212,152214, 986212, 759214, 843215, 251220,137223, 229214, 362213, 843

219, 377223,179229, 568233, 018228, 793218, 290207, 448197,433190, 799190,129196, 534205, 420

211,666

208,115221, 362219, 645214, 484192, 396170, 478153,198142,137151,510152, 095158, 357169, 776

179,463

186, 035176, 681183, 413167, 763141, 659126, 792112, 890121, 935134, 170146,990152, 288105, 666

151,357

1926 1927 1928 1929 1930 1931 1932 1933 1934 1935

209, 037201, 408194,162178, 565161, 972154, 751147,209156, 559175, 012186, 021195,912202, 712180, 277

217, 783211,883188, 551175, 080157,172144, 555136,531146, 631163, 838185,155213, 808239, 085

181, 673

252, 927249,983239,843220,474195, 988179, 214170, 519179,106194, 681209, 701224, 717240, 738

213,158

251, 387253, 716259, 651241, 700215, 500201, 400199, 500209, 000220, 200241, 400256, 900283, 800

236,180

290, 400290, 900270, 900255, 400233,800227, 400218, 600233, 400242,100254, 600264, 200283, 800255, 500

296, 500293, 000262, 500229, 500222,100219, 500214, 200222, 500210, 800223, 300236, 800264,000241, 200

267,800259,100229, 700184, 400196,100196, 200197, 900218, 000235, 500256, 800283, 400306, 800

236, 000

317,120311,969295, 843288, 474278, 612269, 841254, 069253. 558253,167265, 601270, 322288, 220278, 900

291, 453283, 261273,183260, 215241,924235, 346231, 872243, 845255, 758276, 748278, 971302, 026

264, 550

304,113298, 451288, 710276, 763254, 926245,167237, 579239,180240, 313245, 953248,184265, 442

262, 065

181,615186, 998191, 442188, 151150, 251136,729119,143126, 499135,118148,733171, 928199, 375

161,332

1936

271,919262, 392249, 295240, 259229, 358219, 049206, 567217,461220, 958227, 395236, 037234, 464

234, 596

i This series represents a continuation of data shown in the Survey of Current Business through the October 1929 issue. The data were compiled by the British Board ofTrade for the periods January 1913-March 1929 and January 1933 to date. From April 1929 through December 1932 the data are estimates based on figures reported by theTea Brokers Association of London, the members of which are estimated to handle about 90 percent of all tea imported into the United Kingdom. Tea stocks represent all teaheld or entered o be warehoused in the bonded warehouses of Great Britain and Northern Ireland as of the last day of the month. For 1937 data see p. 44 of this issue.

Table 33.—PRODUCTION OF MANUFACTURED TOBACCO, BY CLASSES[Thousands of pounds]

Month

JanuaryFebruaryMarchApril _M a y . . .JuneJulyAugustSeptember. .OctoberNovember . .December _..

Tota l -Mo, average.

1934

Total

26, 09425, 26127, 84224,65925,79626, 82325, 50128, 26924, 23027, 68125,16920,953

308, 279

25, 690

Fine-cut

chew-ing

282243221232411416379435352378241212

3,802

317

Plug

5,1405,5526, 2105,3515,1264,8515, 2295,8255,0055,5184,8794,160

62,8455,237

Scrapchew-

ing

4,0633,5613,7173,5074,0054, 4563,4613,9803, 1683,5663,4643, 058

44, 0063. 667

Smok-ing

16,19315, 47917, 25015,15115,87216, 65216, 03017, 56515, 33717, 79216,14113,153

192, 615

16, 051

Twist

417426444417384447403464367427444371

5,011

418

1935

Total

26, 01223,17124, 61324,98527,35225, 48226, 43727, 49926, 08829, 28123, 75321,871

306, 513

25, 545

Fine-cut

chew-ing

253192368400419415462465423461368394

4, 621

385

Plug

5,1084,7114,9075,1425,2305, 0005,3865,3235,1175,9284,7274,052

60, 6305,053

Scrapchew-

ing

3,7693,1703,4843,6014,0074,0093, 6344,0713,6734,0683,4083,084

43, 9773, 665

Smok-ing

16, 43114, 65815, 42415, 44317, 21215, 55816, 48917,15716, 40318. 28114, 81213, 884

191, 752

15, 979

Twist

450441430398483500466482473543438457

5,562

464

1936

Total

24, 86824, 57226, 75826, 36225, 26126, 29127, 88724,32927, 02528, 39523, 97624, 369

310, 093

25, 841

Fine-cut

chew-ing

413353379402560446612403562435409522

5,498

458

Plug

4,5964, 8044,9885, 0484,9074,7335, 2535, 0135,5395,3284,5004,455

59,1654. 930

Scrapchew-

ing

3,6173,4603,5483,9443,4834,1414,1833,9513,7493,9923,3713,440

44, 8813.740

Smok-ing

15, 79715, 43417, 28116, 43715,82516, 41317, 29114,42316,63918, 03615, 20315, 375

194,155

16,180

Twist

445521561530485557547538536603493577

6,394

533

i Cprior t22913

ompiled b y the U. S. Treasury Department, Bureau of Internal Revenue, and represent the product ion of all manufactured tobacco except snuff. D a t a are not availo 1934. Statistics for 1937 are as follows: January , total , 23,093, fine-cut chewing, 382, plug, 4,624. scrap chewing, 3,147, smoking, 13,436, and twist , 503; Feb rua ry , t

l 490 h i 3810 ki 14328 d t i t 494 M h t t l 28099 fit h i 435 l 5348 h i 4

vailable,totalprior to 1 9 3 . Sta y, , , g, , p g , , p g, , , g , , , ; y,

22,913, fine cut chewing, 372, plug, 4,909, scrap chewing, 3,810, smoking, 14,328, and twist , 494; March , total 28,099, fine-cut chewing, 435, plug 5,348, scrap chewing, 4,129,smoking , 17,535, and twis t , 653; Apri l , to ta l 27,029, fine-cut chewing, 530, plug, 5,002, scrape hewing, 3,760, smoking, 17,124 d t i t 613

n e c u t chewing, 435,,124, and twis t , 613.

Table 34.—FACE BRICK[Thousands of brick]

Month

January —February. __MarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember


Shipments

1934

14,1388,739

14,10418,41023,33820, 95320,27823,27120, 84827,17619, 723 .12,165

223,143

18,595

1935 1936

9,24910, 73219,31928, 20731,61432, 68036, 78637,10434, 51639, 53029,15720,311

329, 20527,434

14,3799,940

36, 47551, 64265, 69467, 34063,04958,94658, 79760, 87746, 99136, 970

571,100

47, 592

Stocks, end of the m o n t h

1934

326,107323,511317,090317, 763309,645306, 236305, 844303,998302,302298, 562300, 862303, 565

309, 624

1935

306, 581304, 969297,408287, 223284, 722284, 286281, 731275,952274, 520271,137273, 050281, 497

285,256

1936

287, 211297,175288, 835278,152269, 004264, 056264,335270.048269, 206209, 685276, 793289, 657

277, 013

i Compiled by the U. S. Department of Commerce, Bureau of the Census, fromreports of 260 identical plants. The production of these plants (using the shipmentand stock data to compute the production figures) represented approximately 66percent of the entire face-brick production in 1934, 65 percent in 1935, and 68 per-cent in 1936. For 1937 figures see p. 53 of this issue.

Table 35.—EMPLOYMENT AND PAY ROLLS,PENNSYLVANIA AND PHILADELPHIA1

[Monthly average 1923-25 = 100]

Month

JanuaryFebruary _ -MarchAprilMay . _JuneJulyAugustSeptemberOctoberNovemberDecember

Monthly average

Employment

Pennsyl-vania

1935

74.375.876.876.075.474.975.076.678 179.479.179.076.7

1936

77.077.477.979.379.780.982.684.787.088.287.688.482.6

Philadel-phia

1935

87.087.288.788.688.187.887.989.190.992.793.193.789.6

1936

91.391.692.692.592. 593.394.697.2

100.3101.7102.7103.896.1

Pay

Pennsy l -vania

1935

58 262.063.763.061.959.858.063.965.070.468.668.463.6

1936

66.167. 369.173.074.676.476.881.782 687.886.591.277.8

rolls

Philadel-phia

1935

72.372.875.175.073.073.272.376.479.481.580.481.076.0

1936

78 878.780.677.480.582.083.089.289.395.095.197.885.6

1 Computed by the Federal Reserve Bank of Philadelphia, and represent minorrevisions of monthly data occasioned by the receipt of additional reports.



WEEKLY BUSINESS INDICATORS'[ W e e k l y a v e r a g e , 1 9 2 3 - 2 5 = 1 0 0 ]

B u s i n e s s a c t i v i t y :N e w Y o r k T i m e s *B u s i n e s s W e e k * _-

C o m m o d i t y p r i c e s , w h o l e s a l e :D e p t . o f L a b o r , 1 9 2 6 = 1 0 0 :

C o m b i n e d i n d e x ( 7 8 4 )F a r m p r o d u c t s ( 6 7 )F o o d ( 1 2 2 )A l l o t h e r ( 5 9 5 )

F i s h e r ' s i n d e x , 1 9 2 6 = 1 0 0 :C o m b i n e d i n d e x ( 1 2 0 )

C o p p e r , e l e c t r o l y t i c ^C o t t o n , m i d d l i n g , s p o t

C o n s t r u c t i o n c o n t r a c t s tD i s t r i b u t i o n : C a r l o a d i n g sE m p l o y m e n t : D e t r o i t , f a c t o r y .F i n a n c e :

F a i l u r e s , c o m m e r c i a lS e c u r i t y p r i c e s :

B o n d p r i c e s tS t o c k p r i c e s t

* C o m p u t e d n o r m a l = 1 0 0 .

1 9 3 7J u l y J u l y J u l y J u l y J u n e

2 4 1 7 1 0 3 2 6

1 0 7 . 17 8 . 3

8 7 . 58 8 . 48 6 . 08 6 . 3

9 2 . 3100. 043.4

61.880.4

36.4

110.179.0

87.891.186.186.2

92.5100. 046.0

76.380.3

117.3

37.3

109.779.7

87.790.586.886.1

92.9100.048.2

71.2

26. 5

107.878.7

87.289.785.385.9

92.5100.046.0

82.884.1

125.4

38.1

107.5

86.788.484.485.9

92.0100.046.7

80.

36.4

1 1 3 . 5 1 1 3 . 4 1 1 3 . 3 1 1 1 . 8 1 1 2 . 3 1 1 5 . 6 1 1 5 . 4 1 0 8 . 2 1 0 8 . 31 3 7 . 2 1 3 3 . 8 1 3 2 . 5 1 2 6 . 6 1 2 7 . 0 1 3 7 . 5 1 3 5 . 5 1 0 3 . 0 0 1 . 8

1 9 3 6J u l y J u l y

2 5 1 8

1 0 1 . 17 7 . 3

8 0 . 28 1 . 48 1 . 0

8 3 . 26 7 . 44 8 . 5

84.676.2

34. 6

100.4

80.180.881.379.

83. 367.448.5

no. 275.1

104. 3

33.4

1935

85.563.8

79.277.182.277.9

82.656.544.9

47.662.166.6

July20

84.864.4

79.177.282.0

81.756.545.2

36.5

51.4

Finance—Continued.Banking:

Debits, outside N. Y. C t -Federal Keserve reporting

member banks:Loans, total

Interest rates:Call loanst-Time loanst

Money in circulation IProduction:'/Automobiles

Bituminous coaljCotton consumption!

I Electric powerf'? Lumber .* Petroleum!"*'Steel ingotsReceipts, primary markets:

Cattle and calvesHogsCottonWheat

1 9 3 7J u l y

2 4

1 0 0 . 4

7 7 . 9

2 4 . 22 8 . 6

1 3 2 . 8

1 1 5 . 4

o.e135. 661.8

171.7134. 7

62.324.226.2

323. 8

July

77.7

2 4 . 22 8 . 6

1 3 3 . 2 1 3 4

151.269.

135.137.957.8

170.136.3

84.522.920.8

376.4

J u l y

1 1 4 . 0

77.

24.228.6

.1

131.175.4

55.1169.0128.1

68.824.318.5

305. 3

Ju ly3

102.2

78.1

24.28.6

133.4

161.170.828.1

134. 349.5

169.3

83.529.322.

178.0

June26

78.1

24.228.6

131.9

91.6,30. 527.384.1

1936July July

25 18

(0.8

24.228.6

126.9

127.0158. 669.9

135.5134. 3 125. 3

1.7169. 5123.2

71.6

55.842.2

115. 3

78.644.830.0

235. 8

91.1

67.3

24.228.6

127.

19.368.8

120. 3126.148.6

143. 0112.1

79.841.721.2

314. 0

July July27 20

74.0

63. 5

6.15.7

113.4

108.61.889. 6

109. 543.8

131. 373. 3

62. 629.134. ()10.2

81.6

64.0

6.15.7

114.0

109.153.789.1

108. 536.731. 568.5

70.127.124.285.4

•Data do not cover calendar weeks in all cases. JDaily average. tWeekly average, 1928-30=100. ^Seasonally adjusted.

WEEKLY BUSINESS STATISTICS*

1937

July 24 July 17 July 10 July 3 June 26 June 19

1936

July 25 July 18

1935

July 27 July 20

1934

J u l y 2 8

COMMODITY PRICES, WHOLESALE

Copper, electrolytic. New York- dol. per lb_.Cotton, middling, spot, New York do.Food index (Bradstreet's) doIron and steel, composite dol. per ton . .Wheat, No. 2, hard winter (Kansas City)_dol. per bu._

FINANCEBanking:

Debits, New York City. mills, of doL.Debits, outside of New York City _doFederal Reserve banks:

Reserve bank credit, total __doBills bought __ do.Bills discounted do.U. S. Government securities do

Member bank reserve balances. doExcess reserves, estimated do

Federal Reserve reporting member banks:Deposits, net demand, adjusted doDeposits, time doInvestments, total do

U. S. Government direct obligations doObligations fully guaranteed by U. S. Govern-

ment mills, of doL_Loans, total <£> do___

Commercial, industrial, and agricultural loans:On securities mills, of dol._Otherwise secured and unsecured do

Interest rates, call loans percent..Interest rates, time loans do

Exchange rates:French franc (daily av.) cents_.Pound sterling (daily av.) dollars-.

Failures, commercial number. .Money in circulation mills, of dol . .Security markets:

Bond sales (N. Y. S. 2?.)___thous. of dol. par value..Bond prices, 40 corporate issues dollars..Stock sales (JV. Y. S. E.) thous. of shares__Stock prices (N. Y. Times) dol. per share..Stock prices (standard Statistics) (419) 1926=100..

Industrials (347) doPublic utilities (40) doRailroads (32) doPRODUCTION, CONSTRUCTION, AND

DISTRIBUTIONProduction:

Automobiles! number. .Bituminous coal (daily av.) thous. of short tons__Electric Power mills, of kw-hr__Petroleum thous. of bbL_Steel ingots (Dow-Jones est.) pet. of capacity..

Construction-contract awards (da. av.)_.thous. of dol_.Distribution:

Freight-car loadings, total cars. .Coal and coke doForest products doGrain and products doLivestock doMerchandise, 1. c. 1 doOre d o . . . .Miscellaneous do

Receipts-Cattle and calves thousands..Hogs doCotton into sight thous. of bales..Wheat at primary markets thous. of b u . .

0.138.1182.88

40.111.22

3,5294,657

2,5643

122,5266,858

874

15,0185, 251

12,4738,240

1,1959,740

5793.S47

1.001.25

0.138.1252.90

40.041.25

3, 5654,596

2,5854

152,5266,928

964

15,0315,250

12, 4498,254

1,1549,714

5723, 8351.001.25

3,7454.98

1486,448

38, 380101.645,501

133.27120. 7143.097.853.1

88, 0551,2082, 2593,576

829,919

770,980119,239

41, 89951, 6489,401

165, 60977,470

305, 714

19715768

25, 760

3. 8544.97152

6, 468

34,880101. 584,596129.98118. 3140.295.552.4

115, 3801,1892,2983,558

8312, 246

770, 075115, 79842, 08749,12710, 481162,95479, 733

309, 895

26714954

29, 944

0.138.1312.9039.911.22

4,2924,403

2,578413

2,5266,827875

14, 8555,249

12, 4838,297

1,1419, 734

5583,7731.001.25

3.8674.96108

6, 514

37, 920101.424,993128. 72117.8139.395.753.4

100,0311,2842,0963,521

682, 205107, 258

47, 20110,121140, 40474, 571269, 751

21715848

24. 289

0.138.1252.8439.831.21

3,969

4,740

2,562410

2,5266,900865

15,1875,235

12, 5308,301

1,1529,760

5663.7651.001.25

4.0884.94155

6,478

41, 080100.113,484

122. 94111.7132. 290. 649.8

122, 8901,2062,2383,526

7013, 288

806,168127, 95641, 72351, 87811, 442169,147

78, 790325,232

26419059

14,162

0.138.1272.8139.781.20

3,6054,619

2,562413

2,5266,854814

15,2895,233

12, 6488,374

1,1609,766

5663,7421.001.25

4.4574.94148

6, 405

35, 420100. 602,926

123. 35112. 3132.790.451.5

121, 0321,1912,2383,530

75

773, 733123, 23439, 75341, 38312, 441

166, 57674, 337

316, 009

28919871

6.687

0.138.1262.82

39.801.24

4,042

4,828

2,583514

2,5266,808752

15,2425,233

12, 8328,556

1,1659,741

5653,7611.001.25

4. 4534.94166

6,423

42, 640101.135,103123.12110.4130.289.352.2

111, 6201,1852,2143,511

7612, 788

756, 289122, 65239, 47131,43110.414168,035

72, 085312, 201

25017866

3,172

0.093.1322.7633.511.11

3,8834,212

2,46633

2,4305,9352,986

14,8575,014

14, 0989,471

1,277

8,348

1.001.25

6.6175.02141

6,160

56, 260103. 517,732133.46112.7128.2108.453.2

96, 8631,2152,0882,961

7013, 576

730,981121, 55834,70054,99913,648

162, 33755,174288,565

24829178

18, 758

0.093.1322.74

33.491.11

3,472

4,226

2,47833

2,4305,8722,923

14, 7464,99914,102

1,276

8,412

0.078.1222.60

32.55.99

3, 5483,429

2,46056

2,4304,9452,335

13,1324,85112,1238,073

1,0137,931

0.078.1232.58

32.42.95

4,1853,783

2,47257

2,4304,9242,340

13,1384,839

12, 0968, 044

9967,993

1.001.25

6.6275.03136

6,199

79, 470103. 338,666131.60111.2126.3108.152.7

91,0271,1722,1002,978

689,666

720, 359117,17033,98658, 57312, 317

160, 46453, 680

284,169

25227155

24,975

.25

.25

6.6134.96215

5,509

50, 40096.897,464

100. 0180.092.972.434.8

82,8941,0521,8242,735

447,642

595, 572107, 476

28, 68233, 3579,672

154, 97834, 700

226, 707

19818990

8,766

.25

.25

6. 6334.96209

5,538

49, 90097.016,28298.8479.191.772.634.1

83, 255914

1,8072,739

415, 863

592, 67294, 38028, 41533, 38410,164

155, 88034,122

236, 327

22117663

6,794

0.088.1302.18

32.281.00

2, 8613,011

2,4565

212,4324,0201,873

13, 4365,019

10, 4947,186

8,421

1.001.00

6. 5905.04215

5,310

80, 48394.1710,84278.3167.575. 565.937.3

69, 562991

1, 6842,547

273,338

610, 042106,19821,71343, 62726, 295

158, 51430, 803

222, 892

57139783

8,381

^Beginning June 12, Ward's estimates are used. •Data do not cover calendar weeks in all cases. ® See p. 32, footnote marked "<§",Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

22 SURVEY OF CUEEENT BUSINESS August 1937

Monthly Business StatisticsThe following table represents a continuation of the statistical series published in the 1936 Supplement to

the Survey of Current Business. That volume contains monthly data for the years 1932 to 1935, inclusive, andmonthly averages for earlier years back to 1913 insofar as available; it also provides information as to the sourcesof the data and sufficient descriptive material for a proper interpretation of each series. These notes also indicatethe source from which monthly figures prior to 1932 may be obtained. It is essential that all users of the SUEVEYhave this base book which may be secured from the Superintendent of Documents, Government Printing Office,Washington, D. C , for 35 cents per copy.

A few series have been added or revised since the 1936 Supplement went to press. These are indicated byan asterisk (*) for the added series and by a dagger (|) for the revised series. A brief footnote accompanyingeach of these series provides a reference to the source where the descriptive note may be found.

The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment for seasonalvariation. Data subsequent to June will be found in the Weekly Supplement to the SURVEY.

Monthly statistics through December 1935, to-gether with explanatory notes and referencesto the sources of the data may be found in the1936 Supplement to the Survey.

1937

June

1936

June July August Septem-ber October Novem-

berDecem-

ber

1937

Janu-ary

Febru-ary March April May

BUSINESS INDEXES

BUSINESS ACTIVITY (Annalist)

Combined index computed normal=100..Automobile production .doBoot and shoe production! doCar loadings, freight doCement production doCotton consumption doElectric power production doLead production doLumber production doPig iron production . _ doRayon consumption doSilk consumption doSteel ingot production _ _„ doWool consumption doZinc production _ . _. do

INDUSTRIAL PRODUCTION(Federal Reserve)

Combined index, unadjusted 1923-25=100..Manufactures, unadjusted do

Automobiles doCement . doFood products _ doGlass, plate. _ doIron and steel doLeather and productst- - do _Petroleum refining doRubber tires and tubes doShipbuilding doTextiles doTobacco manufactures do

Minerals, unadjustedt doAnthracitet doBituminous coal doIron-ore shipments doLead _ doPetroleum, crude doSilver doZinc_ _ _ do

Combined index, adjusted _ doManufactures, adjusted do

Automobiles doCement do .Food products doGlass, plate_ doIron and steel doLeather and productst doPetroleum refining. do _Rubber tires and tubes doShipbuilding doTextiles doTobacco innnufactures do

Minerals, adjusted f "do _Anthracitet- doBituminous coal doIron-ore shipments doLead _ doPetroleum, crude . doSilver . . do . .Zinc do

107.1125.6129.2100.260.2

148. 5107.487.696.3

110.1126.279.899.8

96.0

p 115v 115

1479178

234119

v Hfi

p J20164

v 118P 65P 7 1240

72177

111P 115v 114

13074SO

260119

r 120

p 126150

p 115v 74P 8 012270

v 173

115

97.6112.5108.192.362.9

118.899.784.782.791.3

129 870 397.0

108.488.0

1041051349387

19611209

181130

1011611016266

15770

14910198

1041051187588

218112103181130

10714710072748069

146103103

102.4118.9129.295.164.2

141.5102.187.384.695.5

145 477.2

100.3112.989.8

1051051289190

198110113182124

1071671025772

16468

1478597

108109124

7592

220119114183124

11615410169798171

144101104

102.5107.3128.193.071 8

133.3104.971.386.6

100.0126 783 2

108 9112.183.4

10610682

10087

226118128186119

1121581045175

17758

1528892

1081101117791

226120115186119

1191479951768760

1498899

102.991.7

132.594.769 9

137.2104.970.987.7

107.5100 387 2

108.9112.181.1

••10710742

10190

236117130189122

1201731106887

17857

15010693

1091101078190

236119112189122

12015710258829360

146111

97

103.396.3

148.497.275.7

124.3104.178.386.6

114.1107.379.2

112.498.284.2

111110659995

242123123192118

1171571156794

16773

15311898

110111938793

242127112191118

11414610552869871

152119101

107.1100.6138.1102.882.3

129.2104.786.174.5

117.2121.982.8

121.6127.284.2

11511512790

104164127112189126

12515311571

1069377

1501061001141151059198

164137116188126

1211501126995

11074

15299

100

110.5115.7162.4101.380.3

151.0105.394.480.7

121.2133.588.6

121.9169.684.1

11411414771

10189

125114192123

13214911172

103

81156114100121121122919989

143134191123

1391831177397

8016111398

104.2103.1154.695.180.1

133.9105.585.068.0

119.8106.178.5

109.6'110.7

71.6

112113120529177

134126189123

1301561056193

7715810085

114115120868977

139136189123

124165109

5683

761649980

' 105. 7116.8143.7103.175.1

139.6' 105.9

81.471.0

115.398.776.0

102.2'109.3

73.3

117118120

5186

244135136194133

13415311154

103

7216510289

1161161208587

244129134194133

1261681155098

701689483

106.8114.1147.2100.281.7

145.8105.088.881.1

116.9112.071.4

104.0137.392.3

1221221406791

241142136190132

13214611867

112

771711021131181171219392

229126132190132

12915312881

112

7517393

107

' 107.0114.8

' 133. 3101.775.1

136.7' 105. 4

97.385.0

116.0' 119.0

84.0107.6123. 4' 94 .4

1221241588594

265144128195133

12714510510161

841741041141181181308798

241130130195133

1241581159772

85174103110

' 110.0125.6128.9108.967.9

135. 3' 106. 8

84.792.1

' 117. 2121.677.2

113.9118.099.6

1221231639282

234146121199132

'1231571176370

23875

17798

1171181181357883

223134

r 132200132

'1231551166380

15976

176101116

v Preliminary. ' Revised.tDal.a revised for 1936. For revisions of the Annalist index, boot and shoe production, Federal Reserve indexes, leather and leather products, unadjusted and adjusted,

combined index of minerals, unadjusted and adjusted, anthracite, unadjusted and adjusted, see p. 22 of the March 1937 issue,



Monthly statistics through December 1935, to-gether with explanatory notes and referencesto the sources of the data may be found in the1936 Supplement to the Survey.

1937

June

1936


berDecem-

ber

1937

January Febru-ary March April May

BUSINESS INDEXES—Continued

MARKETINGSAgricultural products, combined index

(quantity)-__. 1923-25=100..Animal products do

Dairy products _ doLivestock doPoultry and eggs_ do . . .Wool .do . . . .

Crops doCotton _ doFruits do. . . .Grains doVegetables _. .do

Agricultural products, cash income from farmmarketings:

Creps and livestock, combined index:Unadjusted 1924-29=100..Adjusted.. doCrops, adjusted do___.Livestock and products, adjusted do

Dairy products, adjusted doMeat animals, adjusted doPoultry and eggs, adjusted.. do

COMMODITY STOCKSDomestic stocks, combined index (quantity)

1923-25*100..Manufactured goods do

Chemicals and allied products doFood products _ doForest products.. doPaper, newsprint doRubber products do

Raw materials doChemicals and allied products doFoodstuffs _ do_._.Metals... __ _ do , . . .Textile materials do

World stocks of foodstuffs and raw materialscombined index (quantity)f._ 1923-25=100-

Coffee, adjustedt _ doCotton, adjusted t - - doRubber, adjusted t— - doSilk, adjusted t - do . . . .Sugar, adjusted f doTea, adjusted t doTin, unadjusted t doWheat, adjusted t do

7292

14965

11231151255950

129

71.584.585.583.085.582.078.5

9710813910311457

10489737292

121

497142238188

7494142661143805325646399

69.580.077.083.077.084.086.5

101101119781118077102719484137

18642315728619619214268119

8990113708948588188717266

84.088.089.586.081.588.586.5

1041011188511376771066912083119

18544115428219417713966131

80819475801527871789357

75.074.561.587.587.089.589.0

1091031228811479801137512893126

18243515527219616614073133

1108090807299140259894795

89.077.565.090.091.092.581.0

1221021258611265911369512896181

18642218226818715714065130

127899693739116530410458112

104.076.060.093.094.095.577.5

131102123901126396153108132106220

18642717926418317213669122

106958291115117116200785477

88.577.561.594.091.599.080.5

135104121991136195158110127103240

18942818025618718313593119

838980821204677106714972

86.078.564.592.591.5100.577.5

1321071311121165494150104118107232

185428174251196177124100116

'6774767381395962784279

75.575.063.587.089.589.078.5

12711114311411671941399311198214

184426176242188173116101120

59.570.563.078.584.583.059.5

119109153'1101096110112784

'10483195

'18543417424218818210795118

798769106585458743089

70.581.574.588.590.589.585.5

1101091541031097310211178

'8580174

1824531632441891819897115

64819065123814743673185

69.089.088.590.088.091.086.0

1011061489911047104'9875

'7070154

175'4701582351881689198101

66871136313117645287932103

68.078.074.581.588.575.080.0

98106

' 14496

'112481049275

'7070136

170r 499150225194164949386

COMMODITY PRICES

COST OF LIVING

(National Industrial Conference Board)Combined indexes 1923=100--

Clothing doFood doFuel and light doHousing doSundries do

PEICES RECEIVED BY FARMERS(U. S. Department of Agriculture) §

Combined index 1909-14=100..-Chickens and eggs doCotton and cottonseed doDairy products doFruits doGrains doMeat animals . . .doTruck crops doMiscellaneous do

RETAIL PRICESU. S Department of Labor indexes:

Coal (anthracite^ 1923-25=100Food t 19(23-25=100

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

Apparel:Infants' wear doMen's doWomen's do

Home furnishings, , doPiece goods do

WHOLESALE PRICESU. S. Department of Labor indexes:

Combined index (784) 1926=100..Economic classes:

Finished products _ _._doRaw materials doSemimanufactures ___do

88.976.988.283.786.696.8

12495

107113157139137124119

86." 3 ~

96.0

96.090.494.196 889.2

87.2

87.786.186.8

85.173.385.684.577.694.3

10710396

10611587

12099

120

"""83." 8~

87.9

92.687.490.289.284.9

79.2

80.777.673.9

85.273.085.884.778.194.4

115106105116117109119115131

79.884.0

88.1

92.687.590.489.485.0

80.5

81.679.875.2

85.673.285.885.079.394.5

124112103125108129123134152

"""84." 6"

88.5

94.487.690.489.485.2

81.6

82.481.575.6

85.973.686.185.680.394.5

124119106128105130123153141

82.884.3

89.3

94.587.790.789.985.4

81.6

82.381.875.9

85.773.884.686.280.894.9

121127104125104128120131133

~~~~82.~8~

90.0

94.587.890.990.385.6

81.5

82.082.176.2

85.874.084.386.581.495.1

12014110312697

127118104133

82." 5

90.8

94.687.991.090.985.7

82.4

82.683.178.6

86.174.184.786.681.895.3

12613310512793

13412299

168

84.282.9

91.7

94.988.191.491.886.1

84.2

83.885.682.3

86.974.386.486.482.295.8

131110107128105143128115182

""~~84~6~

93.0

94.988.492.293.187.0

85.9

84.988.185.4

87.275.086.386.582.896.1

127101108126127146126143147

84~5~

93.7

95.189.092.594.087.6

86.3

85.188.385.5

87.975.987.286.184.296.4

128102116125133145129131140

84.385.4

94.5

95.389.493.094.788.2

87.8

86.490.189.6

88.376.287.485.085.296.6

130104117120142154130127139

"""85." 6"

95.2

95.789.993.495.388.6

88.0

87.488.789.5

76.788.483.786.1

12896112116152149133139133

86.5

95.6

95.890.193.696.388.9

87.4

87.587.187.5

'Revised.1 Base shifted to 1923-25=100. In computing base, the last quarter of 1922 was substituted for the last quarter of 1925 to eliminate the abnormally high prices which re-

sulted from the 1925-26 strike in the Pennsylvania anthracite mines. Figures beginning 1929 will be shown in a subsequent issue.February 1937 issue and for construction contracts awarded in 1936 see table ?8, p. 18 of this issue.

§ Data for July 15, 1937: Total 125, chickens and eggs 102, cotton and cottonseed 106, dairy products 116, fruits 145, grains 139, meat animals 144, truck crops 96, miscel-laneous 113.

t Revised Series. Retail food prices, for monthly data for period, 1923-36 see table 9, p. 20 of the February 1937 issue. World stocks of foodstuffs and raw materialsrevised for period 1920-37. For revisions see table 19, pp. 17 and 18, of the May 1937 issue.Digitized for FRASER

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


Monthly statistics through December 1935, to-gether with explanatory notes and referencesto the sources of the data may be found in the1938 Supplement to the Survey

1937

June

1936


berDecem-

ber

1937

Janu-ary


COMMODITY PRICES—Continued

WHOLESALE PRICES—ContinuedCJ. S. Department of Labor indexes—Con.

Farm products._. 1926=100..Grains doLivestock and poultry do

Foods doDairy products _ doFruits and vegetables _ doMeats . do...

Commodities other than farm products andfoods 1926=100

Building materials.— doBrick arid tile -doCement doLumber do

Chemicals and drugs . doChemicals . _ _ _ doDrugs and Pharmaceuticals doFertilizer materials . , do

Fuel, and lighting materials doElectricity doGas . . . _ _ _doPetroleum products ..do

Hides, and leather products. doBoots and shoes doHides and skins __ ..doLeather do

IIouse-furnishing goods doFurniture doFurnishings.. - do

Metals and metal products do _Iron and steel doMetals, nonferrous doPlumbing and heating equipment

1926=100..Textile products do

Clothing _ doCotton goods doKnit poods _ _ _ _ _ doBilk and rayon._ doWoolen and worsted goods do

Miscellaneous-. __ do _Automobile tires and tubes doPaper and pulp do

Other wholesale price indexes:Bradstreet's (96) . doDun's (300) do.

World prices, foodstuffs and raw materials,combined index .1923-25=100-

CofTee _ _ _ do . . _Cotton doRubber doSilk . do . .Sugar doTea _ . d oTin do _Wheat do

Wholesale prices, actual. (See under respec-tive commodities.)

PURCHASING POWER OF THEDOLLAR

Wholesale prices 1923-25 = 100..Retail food prices f - do „Prices received by farmers doCost, of livinct do

88.5105. 798.384.772.084.598.0

86.196.995 095.5

102.283.690.178.070.577.5

61.5106. 4107. 5114.698.889.586.692. 595.999.791.9

78.778.289.189.764.632.593.279.456.495.0

87.2107.3

59.857.846 745.225.562.676.4

111.184.8

115.5115 9118.5114.4

78.173.083.279.977.682.085.1

78.885.889 295.582.178.084.373.264.076.183 488.0S7.793.899.789.083 281.477.585.286.286 370 0

73.869.780.975 460.329.382.669.747.580.6

76 394.5

54.743.544.137.122.371 164.184.054.6

127.2119 3137.4119.5

81.388.982.081.483.879.784.9

79.586.789.295.583.779 485.973.065.276.283 487.958.193.499.387.883 081.277.285.186.987 670 4

76.570.580.778 759.330.782 071.047.580.6

78 596 4

54.846.048 538 623.969 864.885.563 5

125.1119 0127.9119.3

83.8102.484.583.187.676.186.4

79 786.989 195.583.879 886.273.366 776.382 586 157.993.699.390.082 481.477 685.287.187 970 8

76.570 980.879 560 331.681 271 547 580.6

78 996 8

55.947.945 238 225.069 368 684.773 3

123.4119.0118.5118.8

84.0102.083.883.389.571.587.3

79.687.189 095.584.981 788.675.367 676.183 287 257.594.699.393.384 281.778.085.486.888 171 4

76.570 980.880 060.830.280 971.347.580.7

79 597.1

55.247.545 238 423.766 172.389.072.2

123.4118.6118.5118.3

84.0102.181.282.687.473.884.4

80.187.388.395.586.182.289.076.567.476.882.886.057.995.699.397.285.482.078.385.686.988.871.7

76.671.681.282.061.131.180.571.547.580.8

79.197.8

55.048.445.238.624.561.667.789.575.8

123.6120.8121.5118.6

85.1102.979.783.988.274.885.2

81.087.788 895.586.682.589.277.968.076.882 781.958.197.099.3

101.288 482.378.885.787.988 975 4

76.773.581.585.561.233.484.373.450.181.5

83.5102.3

56.950.944.942.227.068.368.0

102.173.2

122.3121.2122.5118.5

88.5109.085.085.588.975.487.2

82.289.588.595.589.685.393.377.468.676.582.783.158.099.799.4

110.492.683.279.486.989.690.978.6

76.776.383.190.363.033.890.574.550.182.9

86.2109.5

60.654.947.14§.827. 571.366.9

103. 181.8

119.6120.6116.7118.1

91.3113.091.487.188.982.490.6

83.491.389.795.593.087.796.479.070.676.681.082.258.3

101.799.7

116.094.386.584.089.090.991.784.8

77.177.583.991.964.434.591.976.251.884.8

86.9107.7

62.355.947.850.128.773.870.8

101.284.2

117.2118.2112.2117.1

91.4111.589.987.088.787.890.3

84.193.391.095.599.087.895.683.070.776.880.880.759.1

102.7101.4114.995.587.984.591.291.792.089.4

77.477.584.291.364.733.793.177.353.187.5

87.8108.8

60.358.348.249.927.866.374.0

103. 379.5

116.7118.3115.7116.7

94.1113.293.787.590.286.692.0

85.595.991.895.5

102.187.595.383.070.376.277.879.858.6

104.2102.3118.597.188.485.091.796.097.5

101.1

77.678.384.894.064.933.692.679.555.090.2

91.4109.0

64.255.453.356.428.164.678.0

124.886.5

114.7117.1114.8115.7

92.2119.293.685.578.583. 594.9

86.596.794.995. 5

103. 086.994.282.970.776.877.180.759.8

106,3103. 8121.4100.789.085.892.196.599.697.0

78.779.586.895.165.933.893. 581.156.493.9

89.1108.7

65.255.452.654.827.663.880.7

117.495. 3

114.4116.8113.1115.2

89.8113.995.984.273.184.195.9

86.397.295. 095.5

103. 084. 591.179.270.677 278 883.060. 9

106.7106. 1117.7100.689.386.192. 595. 899.691.7

78.778.787.292.665.732.503.380. 5f)fi. 494.6

87.7106.8

62.057.848.949.425.862.381.6

110.789.9

115. 2H5.fi114.8114.5

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION CONTRACTSAWARDED

Value of contracts awarded (Federal Reserveindexes):

Total, unadjusted... 1923-25 = 100..Residential, unadjusted... do

Total, adjusted doResidential, adjusted do

F. W. Dodge Corporation (37 States):Total, all types:

Projects . .number. .Valuation thous. of doL.Nonresidential buildings:

Projects . . .number . .Floor space ..thous. of sq. ft_.Valuation thous. of dol._

Public utilities:Projects _ number..Valuation ..thous. of dol._

Public works:Projects number,.Valuation thous. of dol__

Residential buildings all types:Projects .number. .Floor space. thous. of sq. ft..Valuation thous. of dol._

Engineering construction:Contract awards (Engineering News Record)^

thous. of dol_.

70476043

13,884318,137

3, 56621,794

125, 087

30929, 863

1,18370, 064

8,82623,84593,123

274, 399

60395236

13,351232, 665

3,41115, 91679,079

1679,264

1,32970, 717

8,44420, 62473,605

183,917

65455944

13, 890294, 735

3,62617, 54396,125

22927,512

1,78299,103

8,25320, 50171,994

226, 595

12,912275, 281

3,50415, 50480, 380

17, 945

1,23876, 435

7,98224, 393

100, 523

192,317

12,056234, 272

3,07913, 639

22415,735

1,16968, 767

7,58421,18180,671

197,372

54415743

12, 966225, 768

3,31914, 36179, 071

21414,171

1,14352, 861

8,29021, 55379, 664

220,142

51395840

11, 269208, 204

2,99714, 62365,895

22218,029

87055,839

7,18019,98668,441

162,743

53386645

9,605199, 696

2,46714,37072, 956

16719,117

58242,135

6,38918, 96965, 487

266, 301

51376345

8,731242,827

2,62914, 69195,969

18121, 788

51546, 664

5,40618,42778, 407

173,077

54426247

9,746188, 257

2 922l5i 70165, 626

20532, 364

39527, 264

6,22418, 73963, 004

189,197

56475645

13, 355231, 246

3,36116,75988, 602

19520,256

60432, 221

9,19524, 24490,168

156,788

fil515344

16, 162269, 934

3,74118,46296,179

24120, 985

1,09944, 757

11,08129, 483

108,013

216, 955

13, 756244,113

3. 22516,71093,433

10,763

1,06955, 980

9,27423, 03883, 937

235, 012

r Kevised. 1 Data for July, October, December 1936 and April 1937 are for 5 weeks; other months, 4 weeks.

t Revised series. For data on purchasing power of the dollar, retail food prices, for period 1923-36 and oost of living for period 1914-36 see table$ 5 and 6, p. 19 of theFebruary 1937 issue and for construction contracts awarded in 1936, see table 28, p. 18, of this issue.



MontJily statistics through December 1935, to-gether with explanatory notes and referencesto the sources of the data may be found in the1936 Supplement to the Survey

1937

Juno

193G

June July A ugust | October No vein- Decem-ber ber

1937

January Febru- March April M a y

CONSTRUCTION AND REAL ESTATE—ContinuedHIGHWAY CONSTRUCTION

Concrete pavement contract awards:Total thous. of sq. ycL.

Roads only doHighways and grade crossing projects admin-

istered by Bureau of Roads:Highways:

Approved for construction:Mileage number of miles..Allotments: total thous. of dol_.

Regular Federal aid do1934-35 Public Works funds do___.Works Program funds do

Under construction:Mileage number of miles..Allotment?1, total thous. of doL.

Regular Federal aid doPublic Works Program:

1934-35 funds doFederal aid do

Works Program funds doEstimated total cost ,._.do

Grade crossings:Approved for construction:

Eliminated and reconstmcted*_mimber_.Protected by signals* doWorks Program funds alloted

thotis. of dolEstimated total cost. do

Under construction:Eliminated and reconstructed*_nuniber..Proteeted by signals* ___doWorks Program funds allotted

thous. of dol__Estimated total cost . ....do

CONSTRUCTION COST INDEXESAberthaw (industrial building) 1914= 100_.American Appraisal Co. (all typos) 1913 = ]00..Associated General Contractors (all types)

1913-100..Engineering News Record (all types) §

1913 = 100..E. H. Boeckh and Associates, Inc.:

Apartments, hotels, and office buildings:Brick and concrete:

Atlanta U. S. av., 1926-29=100..New York ___doSan Francisco doSt. Louis do

Commercial and factory buildings:Brick and concrete:

Atlanta U. 8. av., 1926-29 = 100..New York doSan Francisco __.do_-_.St. Louis do

Brick and steel:Atlanta _..doNew York . . .doSan Francisco doSt. Louis do..__

Residences:Brick:

Atlanta doNew York doSan Francisco. do.St. Louis do

Frame:Atlanta doNew York „.__ doSan Francisco doSt. Louis do

REAL ESTATEFire losses thous. of doi_.Foreclosures:

Metropolitan cities* 1926=100..Nonfarm real estate* 1934=100...

Loans of Federal agencies:Federal sayings and loan associations:

Associations, total number..Associations reporting do

Total mortgage loans outstanding*thous. of doL.

Federal Home Loan Bank:Outstanding loans to member institutions

thous. of dol._Home Owners' Loan Corp.:

Loans outstanding* ... ..... do

6, 5754,801

3, 58249. 20339,418

2, 5967, 249

9, 215152,05098, 908

10,9100

42,172248,187

107360

824375

87, 07790, 071

201184. 0

102

' 238. 2

94. 3121. 8110. 7114.4

90. 7122.2114. 8118. 8

95. 4120.5113. 1118. 8

88.3119.4104. 9107.8

82.3115. 090. 499. 2

19, 525

24070. 3

1,2801,160

699,849

4, 1882, 942

4,23153, 09020, 5774, 031

7,9136, 208

4,14350, 40022. 004

4, 34527,882 j 23.451

13, 631217,44159,808

13,185212,54661,714

38,975 33, 397195 195

118,463 117,241280,758 j 278,978

488317

40, 21741,313

1,117

90, 46592,211

183162

1.78

204.6

83. 7107. 099.0104.6

86.6110.9104. 3106. 0

85.1107.798.2106.0

74.9103. 093. 4101.0

67.597.485. 293.0

20, 407

28081. 7

1,1351, 006

442,027

425502

34, 08135, 305

1, 22112

101,014102, 667

163

178

204.4

83.3107.099.0104. 5

86.2110.9104.3105. 9

84.6107.798.2105. 9

74,1103. 093. 4100. 4

67.197.485. 292. 2

22, 357

27V)82.7

1,1651,025

465, 682

5,9034, 648

3, 68650, 47627, 9294, 248

18, 299

12,812202, 76565, 213

26, 680147

110,725270, 622

350581

29,02630, 367

1,24633

108,272110,161

163

178

108.1

83.3108.4106.1104.5

86.2112. 0114.4106. 0

84.6109.3106. 4106. 2

74.1104. 098. 399.2

67.198.487,890.9

2J,714

25978.3

1,1751,076

497,852

118,580 • 12?. 091 ! 125,211

2,550.40! 13,092,^7] '/.'.- ' ,7,','.

7, 6135,196

3, 17349,12330, 6014, 04434,479

11,949194, 47769, 488

22, 92932

102,028266, 528

289624

26, 57527, 817

1, 23833

110. 865112,930

183

165

179

208. 1

83.3108.4107.3104.5

86.2112.0134.5106.0

84.6109.3107.7106.2

74.5104. 098. 699 2

67. 698.488.390.9

20,414

27885.7

1,1831,062

507, 574

129, 752

2.809,000

6, 0824,482

2, 75046,10329, 3004,14812, 595

10, 335174, 78170,586

20, 37932

83, 784248, 024

254620

23, 61524,185

1,19230

111,326113,915

166

180

211. 5

84.8108. 4107.8105.2

87.0112.0114.9106.6

85.6109.3108.1106.8

76.1104.099.098.8

68.098.488.791.5

20, 439

25977.8

1,1921,080

532, 064

134,929 137, 250

2,883,503 2,801,827

3,7692,550

2.57442, 09327, 0343,80911, 250

8,881158, 53769,368

17,20632

71,931229,527

228615

20, 23320,826

1,14942

109, 016111,614

167

180

212.7

85.1108.3108.2106. 2

87.2112.0115.2107.4

85.8108.5108.9107. 6

76.3104.199.2

100. 6

70.098.488.992.3

23575.1

1,2061,046

531, 078

5,4684, 026

2,63542, 09029, 0593, 6719,360

8,003141, 06965, 664

13,46111

61,934207,315

206542

17,97118, 606

1,081

104, 876107, 645

195169

180

220.7

85.2108.4108.2106.2

87.3112.1115.2107.4

86.0108.7108.9107.6

77.0104.899.2100. 6

77.799.188.992.3

30, 134

26884.4

1,2121, 065

544,107

145, 394

2,705,098

3,3852,836

2,88043,89932, 7103,2917,898

7,617133, 55365, 222

12,5610

55, 770199,498

173542

16,03716, 621

1,039100

101,381103,808

171

181

223.5

86.9109. 5111.8108.4

111.7118.1112.1

88.3111.1112.7109.7

80.1106.5102.4104.1

75.0101.192.296.1

25,070

222

1,2281,143

576, 299

143, 738

2,711,451

2.3711, 456

2, 99344, 47234, 2472. 9027, 323

7, 923136,03969, 809

12.4910

53,738205, 239

157419

13, 52614, 049

1, 014309

100,593102, 853

174

184

223.5

88.1110.1108.4109.8

90.5112. 0113.0112.9

89.2112. 2108.8112.8

82.0108. 598.1

105.0

76.6103. 592.2

28, 655

19665.1

1,2401,157

611,212

141,198

2,080,230

3, 3522, 564

3,32340, 74336, 3152,8837,545

8,041139, 68376,168

12, 5400

50, 975214,697

150396

12, 84213, 257

969341

98,464100, 718

203178

184

' 225.3

91.8111.3109.4110.6

95.3113.3113.8113.5

94.0113.9110.7114.4

84.3109.699.8105.4

78.1104.994. 097.6

29,319

23074.0

1,2491,168

630, 680

142, 716

4,3403,155

3,42646, 72435, 2973,1088,319

8,278144,53185,155

11,8420

47, 534228, 204

142397

13, 38114,079

935345

95, 69098, 004

181

186

230.3

93.3111.5109. 7113.0

95.8113. 4114.0117.1

94.8114.8111.6117. 6

88.4109. 6101.3106. 0

82.7104. 995. 898.0

26, 664

23773.3

1, 2571,157

644,068

146,146

6, 6395,495

4,48248,18938, 5502,4367,203

8, 896149, 53592, 071

12, 0750

45, 389239, 730

132393

13,48414, 321

873346

92,21194, 452

182.0

186.0

r 233.3

93.2111.7109. 7113.0

95.7113. 6114.0117.1

94.6115. 1111.6117.5

88.4110. 0101.3105.9

82.7105. 095. 897. 9

21, 438

230r 74. 7

1,270r 1,166

r 679, 949

153,488

TRADEADVERTISING

Printer's Ink: indexes (adjusted for seasonalvariation):

Combined indexf 1928-32=100..Farm papers doMagazines „ doNewspapers doOutdoor t doRadio.- _.._ do.

08.382.5

101.992 579.5

289.4

90.473. 58S.288.968.1

202.1

90.173.400. 387. 169.2

224. 7

88.480.287. 284. 971. 0

230.0

91.476.891.686.973.3

268. 2

93.471.789.690.674.2

253.7

94.975.397.191.174.1

239.2

99.292.9

101.195.275.6

244. 4

86.570.389.381.474.8

241.5

91.76.94.88.68.

234.

9

3358

94.72.97.90.75.

228.

108176

96.578.0

102.191.482.5

230.7

94.882.697.889.085.4

247.0



Monthly statistics through December 1935, to-gether with explanatory notes and referencesto the sources of the data may be found inthe 1936 Supplement to the Survey

1937

Juno Jane July AugustI Septem- October Noven

berDecem-

ber January Febru-ary

1937

March April M a v

DOMESTIC TRADE—Continued

ADVERTISING—Continued

Radio advertising:*Cost of facilities, total. .-thous. of doL.

Automotive -do..Clothing do.Electric home equipment do.Financial do.Foods do.Home furnishings, etc do_Soap, cleansers, etc _do.Office furnishings, supplies do |Smoking materials do.Drugs and toilet goods . .do .All other do_

Magazine advertising:*Cost, total do_

Automotive do.Clothing.,. ___do_Electric home equipment do_Financial do.Foods do.Home furnishings, etc. . . do_Soap, cleansers, etc -do.Office furnishings, supplies doSmoking materials .do ,Drugs and toilet goods do ,All other do '

Lineage, total thous. of lines._Newspaper advertising: '

Lineage, total (52 cities) do___ |Classified-._ - do jDisplay, total. do ;

Automotive do 'Financial do jGeneral . . .do 'Retail do . . .

GOODS IN WAREHOUSES

Space occupied, merchandise in publicwarehouses percent of total..

NEW INCORPORATIONS

Business incorporations (4 States)__-number

POSTAL BUSINESSAir mail:

Pound mile performance thousands..Amount transported pounds..

Money orders:Domestic, issued (50 cities):

Number thousands _.Value thous. of doL_

Domestic, paid (50 cities):Number thousands..

121. T

V a l u e . thous . of dol_._do_.Foreign, issued—value

Receipts , postal :50 selected cities thous . of (!ol_.50 indus t r ia l cities do

RETAIL TRADEAutomobiles:

New passenger automobile sales:Unadjusted 1929-31 = 100..Adjusted do

Chain-store sales:Chain Store Age index:

Combined index (20 chains)av. same month 1929-31-100..

Apparel chainsav. same month 1929-31 = 100--

Orocery chains tav. same month 1929-31 = 100..

Variety store sales:Combined sales of 7 chains:

Unadjusted ___ 1929-31 = 100-Adjusted do

H. L. Green Co., Inc.:Sales thous. of doL.Stores operated number. .

S. S. Kresge Co.:Sales thous. of doL.Storas operated number,.

8. 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,J

° Receipts for Louisville not included.*• Revised.

4,20541,750

13,9181U8,575

29. 6233, 453

132.DU8. 0

114.0

11.7.0

105.0

ino.<:105. ',]

3, 305

3,502

24,2372, 000

3, 931620269

371,174

70291

S373

1,066251

12, 2992,147

64(5531330

1,87753445918057S

2,1582,2, 03',~ I

117,0"9

"\ 18b

1/)S820. * 0261 751

61.3

2, 285

3,832492

545 !33

1,29023 I

285 '0

423982254

8, 8911,528

257298240

1, 67014836675

483 I1,790 j

1, 967

9 *. 49921,23277, 206

6, 5912,219

50, I

3,777468

43638

1, 20733

2490

397976309

8, 4931, 548

22986

2491,414

99337136515

1. 7572,0931,695

99,16622, 54676, 6204,9081, 646

16,18653,880

4, 894770242744

1, 33329

3146

4391, 273635

61.0 C1.3

2,182 1,910

919,828 !1,055,015 11,051,1151,176,409 11,616,191 ! 1,623,239

4. 09140, 994

13,153102. 4072, 385

28,2883, 214

139.3109.5

108. 0

117. 8

95.8

98.8104. 0

2, 625130

12,182725

7, 027235

3,443197

3,183191

3, 76438, 354

12, 598103,0852,482

26, 6733,192

117. 3104.5 j

109. 6

125.0

100.0

97.2109. 2

2,412130

11,169729

6, 525235

3,002195

2, 974191

'23,390 22,86! !1,989 I 1,990 !

3, 63336, 655

11,57394, 6962,741

26, 0373, 022

92.992.0

109. 0

118.6

102.0

86. 597.7

2, 430132

11,353729

6, 652235

3,010195

2, 9221U2

23. 1861,991

11,1041,305

695191358

1,585665446286593

1,9382,1)822,084

114,38722, 52191,8664, 2571,641

21,05364,916

2, 026

998,8941,528,942

12,772103,4802,720

29, 2943,242

71.0 I83.0

110. 0

117.2

99.8

97.8102. 4

2. 501132

11,753728

6,785235

3,096195

2.907192

23, 4341,993

6, 7231, 164

511

531, 559

6540017

3591,4751, 579

14, 2851,364895477425

2,1981,051

531304657

2, 6423, 7412,637 I

I136,635 I23,984 !112, 652 j6,183 I1,860

27,41177, 198

61.8

2,156

1,060,4881,629,711

4, 07140, 616

14, 921119,437

2,319

32. 8803, 078

56.585.5

109.5

123. 0

99. 2

100. 498. 9

3, 027133

6, 1261,031

562270

1, 67091

41013

3911,659

713

14,7582,290696325421

2,452798501263648

2, 9263,4382,736

131,98622. 646

109, 3409, 8121,848

24,22773,452

61.7

2,114

984, 2881,511,117

3,90738,315

13,316105, 703

2, 633

29,2173, 226

113. 1151. 0

111.0

127.0

100.0

104.5103. 0

2, 905134

6, 185944391685

1,82151

4576

4041,752

610

12, 2031,419

535545 I310 I

1,977 I561236 I341674

2,1223,4822,731

130, 76222, 945

107,8174, 2462,151

18, 18683, 234

61.6

2,489

1,166,9141,778,912

4, 59643, 849

16,221122. 826

41,3454, 846

13,540 I 12,214'30 I

7, 307235

3,511194

3, 637194

28, 7331, 994

7,321235

3,209 I194

3, 268194

23.8911, 995

130.4175. 0

113.0

130. 0

100.0

195.7106.1

5, 847135

24.35J734

14,748235

6,714196

6,379195

45, 5061, 997

2,031

99, 58821,52178, 0663, 3482, 97017, 17654, 572

62.0

2, 620

907,0031,410,974

4,116

2,399

103,09220,61582, 4773, 8961,986

22,81453, 781

2, 228

1,003,2561,538,470

4, 040

2, 762

126,13424, 032101, 5025,4132, 390

24, 40669, 292

64.8

2,008

1,174,070

40,019 ! 38,383

12, 59695, 7522, 429

1 27,8923,418

90.1129. 5

106. 4

112.0

100.0

70. 394.4

2,017135

9, 349729

5,109235

2, 510' 195

2,519195

11,82090,4132, 502

85. 5139.5

110.0

117.0

103. 0

8!. 397.4

2,018136

9, 843729

5, 595

2, 002194

2, 550195

1,799,910 L665/256

3, 200

131,05225, 758105,294

0. 9562, 218

24, 13571,985

2,417

1,097,008

4, 63844, 581

15,374118, 518

3.167

33, 7633,882

146. 5123.5

108. 6

126. 0

103.0

07. 1103. 3

130

12, (-3573!

3. 550191

4, 20941,8r,7

31,1293,040

141.31U2. 5

no. 0

130.0

101.5

80. O00. 2

2,45!130

11 , !<.>'

3 , 0 2 3 jI1, if. :

3, 258

130, ?>3527 Io2103! 702

7, 4021,807

24,01970,414

2, 122

4. 05539, 735

13, 349103,410

29, 8433, 370

r144. 6• 103.9

r 1 1 2 . 0

124.0

104.0

13';

!:•'<, 01,1

18,649 I 19,758 I 24,815 21,858 I1,998 [ 2,000 ! 2,003 > l,<)00 l

* New series. Data on radio and magazine advertising cost are compiled by the Publishers Information Bureau, Inc., successors to National Adrertisina Records,not comparable with data published prior to those t.liown in the .January 1937 issue. Earlier fimires, together with data for 1937, when available, will be published inquent issue.

1 Grocery chain-stores sales indexes in continuation of those shown on p. 14 of the May 1937 Survey are: Unadjusted. February 97.8, March 100.1, Aprs! 99.7, Mand June preliminary 94.8; adjusted, March 99.1, April 96.8, M;;y 90,8, and June preliminary 93.4.

3, 026

24,502

and are:t sub so-

ay 08.3,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Ausinst SURVEY OF CURRENT BUSINESS 27


DOMESTIC TRADE—Continued

RETAIL TRADE—Continued

Restaurant chains (3 chains):Bales thous. of doL.Stores operated number..

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

Sales __. thous. of doL.Stores operated-- Dumber-.

J. C. Penney Co.:Sales thous. of doL.Stores operated number..

Department stores:Collections:

Installment accountpercent of accounts receivable..

Open account doSales, total U. S., unadjusted. J923-25=100,.

Atlanta doBoston . doChicago! - - doCleveland doDallas do . . . .Kansas City 1925=100..Minneapolis. 1829=100..New York 1925-27 = 100..Philadelphia. . . . . . 1923-25=100..Richmond . doSt. Louis 1 doSan Francisco do

Sales, total U. S., adjusted doAtlanta doChicngof doCleveland doDallas doMinneapolis 1929=100..New York 1925-27=100..Philadelphia 1923-25=100..San Francisco do

Installment sales, New England dept. storespercent to total sales..

Stocks, total U. S., end of month:Unadjusted 1923-25=100..Adjusted _..do

Mail-order and store sales:Total sales, 2 companies thous. of dol..

Monttromery Ward & Co doSears, Roebuck & Co do

Rural sales of general merchandise:Total U. SM unadjusted 1929-31=100..

Middle West* . do.__.East* doSouth* doFar West* do

Total U. S., adjusted doMiddle West* do . . . .East* do . . . .South* doFar West* __do

3, 402340

8. 403' 479

16.34.0. 4

90100

7',)9S9593

918575

10979SO93

11110098

10194887597

0.7

7375

89, 25837, 06052, 198

117.5109. 0132.8124.0134. 9124.4112.4130.2144. 9142.7

3, 363350

8,371473

• 21, 4781,484

18.047.6

84927688849277858071

304728487

1038986

10088837494

7.5

64

76, 68930, 33046,359

105. 4r 99. 3104. 3113.2121.8111.5101.8100. 9131.7128. 9

3,510349

7,075473

18,4751,488

16.245.6

63785465637153616252795a7791111918310281827094

9.5

5964

65, 27025, 63639,634

88.381.085.597.9

107.7114.7103.9108.9140.9129.8

3,490349

6,925472

10, 3691,489

16.242.16S965475

777075835678608886123918510786817392

14.9

6567

66, 32527, 42238,903

96.288.697.9103.3113.3111.9101.3110.6136.0123.1

3, 655349

7,443472

22, 5291, 491

16.542.89411682978910992958771104869788123958610388847993

10.8

7168

80, 97433, 35747, 617

122.3107.0112.0160.6

r 147. 8123.6107.5119.7156.7126.3

3, 800346

9, 383474

28, 9521,494

17.848. 4100119921049812010111297841371039890100959210494857495

10.9

7669

103,59045, 45558,135

155.1137.7149.6225. 0148.4127.1116.2126. 2163.6126.8

3, 542346

8, 492477

20, 0721, 498

17.047.110512085101100113908910691120891019410593959791907995

9.7

8071

85, 99336, 97949, 014

150.8136. 0154. 8195. 4150. 4122. 6110.5135. 2146. 9124.8

3, 943346

16,867477

37,1331,496

17.347.0161187138104158175151139156130204143171921109896108948870100

6.3

6771

118.22251, 78966, 433

186.1150.5195. 9212.4208. 7131. 0106. 0137.5153. 9134.2

3, 581346

5, 020477

15,9281,498

16.447.4728570780978647169547962809310797919379897598

10.6

6074

54,42722.57831,849

88.681.088.4107. 595.6100.798.7105. 3129.5128.3

3, 308347

5,617477

14, 2141, 499

10.444. 0709557788289080472577703819.310S97101105808.'7690

12.0

7270

53,83122,10131, 671

93.885.295.2123. 192.0103.798.5104. 1123.1116.4

3,774348

7, 616477

19,8231,500

18.146.8901147410295988990787411188979311010410398908580102

9.6

7876

78, 62534,93143, 694

117.4107.1120.4147.5119.0126. 2119.0128.1158.6136.0

3, 077347

7,170477

20, 2301, 503

17.340. 98910075979810085878109100869093107989110084870890

9.7

7970

89,08140, 09049, 585

110.4100.5122.0138. 8121.2121.2108. 1122. 0150. 2131.0

3, 054348

8,014477

20, 8201,503

17.047.0

95110

10110510588898580

r 113r 8593931151009810188907997

9. 0

7870

92, 02739, 14053,487

119.4109.9127.0132, 0131.2127.1113. 2130. 3148.?145. 8

EMPLOYMENT CONDITIONS AND WAGES

E M P L O Y M E N T

Factory, unadj . (B. L. S.)f 1923-25=100..Durable goods groupf do

Iron and steel and productsf doBlast furnaces, steel works, and rolling

mills 1923-25=100..Structural and ornamental metal work

1923-25=100..Tin cans, etc do

Lumber and products doFurni ture doMill work doSawmills do

Machinery f doAgricultural impiementsf doElectrical machinery, etc doFoundry and machine-shop products

1923-25= 100..Radios and phonographs do

Metals, n on ferrous doAluminum manufactu res doBrass, bronze, and copper products

1923-25=100..Stamped and enameled ware do

Railroad repair shops doElectric railroad doSteam railroad.- do

101.299. 0

103. 1

78. 8107. 072. 588. 957. 355. 4

128.4J3K. 0117. 7

112.5185. 1.114.5129. 5

122. 5102. 1(54.202.204. 4

90.184.791

99

68.100.64.73.49.

4

7

49867

52.0103.6123.89.

90.200.95.107.

99.138.58.62.

67

0452

9650

58.2

91.284.693.0

102.8

71.0102.465.676.949.551.9

104.0110.191.8

91.2193.594.5

110.5

100.1135.056.962.256.5

938495

105

741096681.52.

573

7

81672

50. 9104.495.792.

92.210.98.111.

102.138.58.

4

5740

744

62.458.1

95.58597

107

75111.68.85.

72

2

3620

52.051.107.93.96.

94.210.

9595

33

102.9111.

107.143.59.62.

5

1434

59.1

90.89.98.

107.

74.102.69.

729

9

972

80. 953.5210997.99.

95.

44656

6218.3108. 3117.

111.

2

3154.360.63.60.

442

96.991.099.3

1 0 7 . 7

7 3 . 29 5 . 86 7 . 88 8 . 35 3 . 44 9 . 9

1 1 1 . 49 3 . 2

1 0 3 . 0

9 7 . 02 1 0 . 61 1 0 . 01 1 8 . 8

1 1 2 . 91 5 0 . 0

6 0 . 60 3 . 36 0 . 4

9 8 . 19 2 . 7

1 0 0 . 4

1 0 9 . 3

7 0 . 19 4 . 46 7 . 18 7 . 85 4 . 14 9 . 0

1 1 4 . 11 0 2 . 91 0 5 . 8

9 9 . 42 0 2 . 71 1 1 . 61 1 7 . 7

1 1 0 . 21 0 2 . 4

0 1 . 20 3 . 46 1 . 0

9 0 . 59 0 . 4

1 0 0 . 0

1 1 1 . 5

7 0 . 89 5 . 86 5 . 08 5 . 95 3 . 84 0 . 8

1 1 4 . 91 1 1 . 31 0 4 . 0

1 0 1 . 31 8 7 . 11 0 6 . 91 1 8 . 9

1 1 8 . 51 5 4 . 801 203.461.0

99. 093. 2

103. 4

113.6

71.898.405.880. 155. 047.0118.0119.0109. 3

104.4170.0111.5122.2

121. 7159.1OLO03. 361.5

101.190.4100.8

117.1

74.2100. 209. 887.556. 752.3121.2131.5111.2

106.8103.0114. 6

r 124.2

124.1165. 362.264.062.1

102. 198. 0108. 9

120. 2

75. 7102. 270. 080. 957. 753. 4124.3137. 5114.0

100.71 ,n,8. 41 1 5 . 51 2 4 . 4

1 2 7 . 01 0 2 . 4(Y-i. 303. 8(53. 3

r 102.3r 99. \' 1 10. 1

122.0

T 70. 9r 104.9r 71.(r 87. 4r 57_ ;;r 54." 7

r 120. I139.7

M17.8

r 1U.7r 139.9r 1 1 5. 5125.8

r 125.7r 102.8r 03. 0r 03. 4r 03. (i

r Revised.* New series. See pp. 14-20 of the September 193P issue for figures for period Jan. 1929-July 1936.t Revised series. For factory employment revisions beginning January 1934, see table 12, p . 19. of the March 1937 issue. Indexes of department store sales in the Chicago

Federal Reserve district, bo! h unadjusted and adjusted, wore revised for the period 1923-30. See hible L'3, p. 10 of! he Jn!\ 1937 issue.1 A now series on depsirtnio.nl. store stiles in the St. Louis Federal Reserve, district is shown in table T2, p. 10 of ! he, .1 uly 1937 issue. This will be substituted for the present

data in a subsequent issue.



Monthly statistics through December 1935,together with explanatory notes and refer-ences to the sources of the data may be foundin the 1936 Supplement to the Survey

1937

June

1930

June July August I October

1037

Novem-;ber

EMPLOYMENT CONDITIONS AND WAGES—Continued

Ariril M a y

EMPLOYMENT-ContinuedFactory unadjusted—Continued.

Durable goods group—Continued.Stone, clay, and glass products

1923-25=100-Brick, tile, and terra cotta doCement doGlass „ do

Transportation equipments doAutomobiles doCars, electric and steam railroadS-doShipbuilding do

Nondurable-goods group § doChemicals and products do

Chemicals doDruggists' preparations doPaints and varnishes doPetroleum refining do.Rayon and products do

Food and products doBaking - doBeverages doSlaughtering and meat packing do

Leather and products do_Boots and shoes do.Leather__ do.

Paper and printing -do.Paper and pulp do_

Rubber products _ doRubber tires and tubes do.

Textiles and products.__ -do.Fabrics doWearing apparel --do

Tobacco manufactures do_Factory, adjusted (Federal Reserve) t§

1923-25=100..Durable goods group§ do

Iron and steel and products§ doBlast furnaces, steel works, and rolling

mills 1923-25=100..Structural and ornamental metal work

1923-25=100—Tin cans, etc do.

Lumber and products do.Furniture do.Millwork___ _ do.Sawmills do.

Machinery^ do.Agricultural implements! doElectrical machinery, etc do.Foundry and machine-shop products

1923-25=100--Radios and phonographs do

Metals, nonferrous doAluminum mfrs doBrass, bronze, and copper products.doStamped and enameled ware do

R lilroad repair shops doElectric railroads doSteam railroads do

Stone, clay, and glass products doBrick, tile, and terra cotta__ doCement doGlass do

Transportation equipments doAutomobiles doCars, electric and steam railroad§_do—_•.Shipbuilding do—.

Nondurable goods group§ doCuemicals and products do

Chemicals .doDruggists' preparations doPaints and varnishes doPetroleum refining doRayon and products do

Food and products d o . . .Baking do.-_Beverages do___Slaughtering and meatpacking do_._

Leather and products _—do—.Boots and shoes doLeather do—-

Paper and printing __ do—_Paper and pulp do

Rubber products _ do._.Rubber tires and tubes „ do_._

Textiles and products do—_Fabrics _ _do.-_Wearing apparel , do

Tobacco manufactures do

73. 954.269. 9112.4126. 6138.177. G103.0103. 6124.1135. 6108.7139.7126.0391.4112.0136. 8222. 489.193. 693.798.0106. 9120. G100. 892.7103. 699.8109. 860.0

101.098. 0102.4

109

10571.9925654

128. 6141118

113193

115. 6132123162

63.96264

70.35062109

122. 713471104

105.4127.7

137114134125408

114. 113620490

95.99699

108.2121

99.689

105. 6101.4112.560.1

66.449.461.899.2105. 3115. 857.198.095.9

110.3118.6100.4128.9117.8336. 2107.9128.4199.185.886.886.392.998.8108. 889.882.896.290.3107.660.2

90.483.890.8

99

6799

64.2764950

103.912690

90209

96.4109100139

58.2 |62 I58 i

63.0455496

102.21125399

97.6113.2117105124117350

110.312718386

89.08994

100.0109

88.879

98.191.8110.360.3

67.050.363.098.9101.9111. 154.298.998.2

112.7122.5100.1126,2121. 5347. 3116.9129. 2220. 090. 893.492. 193.898.5108.390.883.996.391.7104.660.6

92.885. 693.5

103 !

70 !98 i

65.6 I794851

105.3 j117 |92 ;

9 2 ;210 I

97.8 I116 i102 I136 i

57.4 {62 I57 '

65.74755101

105.111652101

100.4115.7

121105126120358

112.412919692

90.39194

99.8108

91. 482

102.695.5116.661.2

68.050. 761.199.893.098. 359.099. 4

102. 8113.4123.0100.3 j124.4118.3356. 7127 9130.1214.5

91. 594. 495. 495.6

100. 1109.192.286. 0

101.894. 7

115.863.0

93.485.795.3

10165.1815149

105. 310192

68. 250. 2

99.87.90.57102".105.119.

333 13495

127. 1103. 1126. 7122.3360. 1135.9131. 3209. 690. 994. 194. 597.4102.61J 0. 494. 3So. 6

103. 495. 8118. 463. 6

93,886.696. 8

73101

65.8825250

106.89697

93209

101.1116106141

58.76258

66.44759102

100. 910956102

101. 8115.4122102127117360

113.212V)19592

90.99196

101.1109

93.987

104. 998.1117.061.9

9.5186

102.5112109143

59. 10259

66.1476199

100. 810956102

101. 6118. 5126101129120360

113.312919092

91.49198

102. 7110

95.889

102. 696. 8113. 661. 7

69.149. 665. 6103. 6102.1JIG 058.7102. 7104. 7120.3129. 9104.4128.6120. 6361. 5124.2132. 6190.791.892.892.997.2104. 0110.797.989. 0104. 397.1118.364. 5

94.488.29S.4

109

73100

66.2815350

108.4102100

96176

105.2115110153

60. 16360

67. 24764103

105. 011361102

101.2117.9

129100129119354

112.713118791

92.09296

103. 1111

98.392

101. 795.5113.461.1

67. 349.664.297.6115.0128.357.597.4103. 3119. 7130.0105. 9125 3121.1364. 0114. 1133.0183.0

96. 989. 0S7.898. 4

105.0111.9100.090.9104. 898. 8116.065. 9

96. 289.999. 6

109

7398

815449

110.495103

97171

106. 7118111154

60. 66360

60. 3486596

112. 31236498

102. 9118.1

129102127121357

113. 413219790

94.99599

103. 6112

99. 493

101. 497. 3118. 462.4

67.148.862.0

100.6122. 1138.7

56. 889.9104.0119 3129.1106. 6127.5119.5362. 4110. 6132. 2181.099. 494. 094.198.4106. 0112.8101.992. 5106.4101.7114. 863.3

98.692.7101. 0

110

7097

67. 9865551

111.0103106

100188

110. 7118115166 |

61.7 !63 I62 |

69.0 I5168101

118. 71336289

104. 9118. 6129105130120355

115.013219795

98.8100 j98 |

104.0113 !

102. 2 |95 J

106.8100. 1 I119.862.0 I

62.545. 657.192.8 |11.2.7 I125.255.794.5 I103. 0120. 2130. 8106.5128.0119. 4367. 6105.2130. 5182.396. 497. 599.097.0104.3113.7101. 392.7107. 1102. 3115.657.1

98.892.4102.3

113

73103

68.8895750

116.0109104

102201

109.6121120163

62.3

6269. 5

6898

110.21206295

105. 4120. 7

133105131120364

114.813320393

99.110197

104.'0134

102. 395

108.3101. 7120.962.0

67.246.658.2107. 6116.0127.462.998.7105.2121. 9131. 4110.0131.2119.6370.4105.1132.2182. 191.399.9101.997.5105. 7116. 1101.693.4110.2103. 6122.660.5

99.793.9103.7

112

75105

68.1875750

US. 9113109

104196

111.712112215961.96362

72.6

68109

113.012366100

105. 8121. 6

133109133121363

116. 7135

9198.110097

105. 5116

101. 794

107. 3100. 7119.861.8

70.349.363.5110.1121.0131.670.2106.8106.1124. 9134.0112. 2134. 6120. 5373.3105. 7133. 7192. 590.7100.8102. 798. 8107.1117.696.781.2111.2103.8125. 560.8

100. 996.3106. 4

116

76104

71.4885854

121.1125111

106190

113. 2119122161

62.26462

72.65470109

117.312771106

105.9122.5

135111135122370

117.013620593

97.49997

107.4118

96.080

107.0101.1117.961.7

73.053. 366. 9110. 9125. 4136. 275. 1109.0105. 9120.6135. 6111.5138. 2122.0378. 1107.7132. 7196. 788.498. 399.3100.0107.2119. 196.781.4109. 9103.7121.860.2

101. 697.4108. 0

118

78105

71.490

123.7130115

1081S9

114.3121126158

62.46462

71.85466108

118. 612870106

106. 2124.413611313612337S

116. 113419991

96. 597100

107. 511.9

95.879

107.9103.8115.061.1

' 74. 455. 0

' 68. 5' 112.3r 128. 3r 140. 0

' 106. 7' 104. 8' 124.5

137. 5' 108. 3' 140. 2r 124. 1

384. 0' 107.9' 134.6' 207. 4

89.3' 95. 1-"95.3' 99. 1107. 7

' 120. 2103. 6

93. 7' 107. 3' 102.2' 116.5

r 59. 9

' 102.2' 98. 4

' 108. 7

120

' 107r 71.7

9156

' 54r 125. 6

136118

nor 155

r 115.4123124160

' 62. 46362

71.35262

110' 122. 2

133'71104

' 106. 2126. 0

138'112

134125392

' 114.713520390

'96 .096

100108.0

120101. 7

89' 107. 6' 103. 2'115.3'61 .2

r Revised.t Revised series. See table 1, pp. 14-20, of the January 1937 issue.§Revised series. For revisions beginning January 1934 see table 12, p. 19, of the March J937 issue.



Monthly statistics through December 1935,together with explanatory notes and refer-ences to the sources of the data may be foundin the 1936 Supplement to the Survey


EMPLOYMENT—ContinuedFactory, unadjusted, by cities and States:

City or industrial area:Baltimore 1929-31 = 100..Chicago 1925-27=100..Cleveland ..1923-25=100..Detroit.- do.Milwaukee ___1925-27=100—New York doPhiladelDhlaf .1923-25=100. _Pittsburgh.. doWilmington do

State:Delaware . doIllinois 1925-27= 100..Iowa 1923-25=100-Maryland 1929-31=100-Massachusetts 1925-27=100—New Jersey 1923-25=100-Ncw York . 1925-27=100...Ohio 1926=100-.Pennsylvania t 1923-25=100--Wisconsin 1925-27 = 100-

Nonmanufacturing, unadjusted (B. L. S.):Mining:

Anthracite 1929-100-Bituminous coal doMetalliferous . doPetroleum, crude, producing doQuarrying and nonmetallic do

Public utilities:Electric light and power, and manufac-

tured gas --1929=100.-Electric railroads, etc -.—doTelephone and telegraph do

Trade:Retail, total - d o

General merchandising doOther than general merchandising

1929=100Wholesale - do

Miscellaneous:Dyeing and cleaning doLaundries doYear round hotels do

Miscellaneous employment data:Construction employment, Ohio .1926 = 100.-Hired farm employees, average per 100 farms

number-. IFederal and State highway employment: I

Total number..!Construction . doMaintenance do

Federal civilian employees:United States . . ._do._-

District of Columbia doRailway employees:

Class I steam railways:Total ___ .thousands-.Index:

Unadjusted- .-1923-25=100..Adjusted do

Trades-union members employed:All trades percent of total—

Building doMetal «__ ,. doPrinting., . . doAll other do

On full time (all trades) do

101.980.2

102. 8125. 4110.282. 1

103. 393.9

110.0

118. 995. 1

133.7108. 383.487.589.4

LABOR CONDITIONS

Hours of work per week in factories:Actual, average per wage earner hours..

Industrial disputes (strikes and lockouts):!Number of disputes (in progress)Man-days idle number.. .Workers Involved (in progress) do

Employment Service, United States:Applications:

Active file doNew do

Placements _ _ doPrivate do

Placements to active file • percent..Labor turn-over in mfg. establishments:

Accession rate:Mo. rates per 100 employees on payroll

Separation rate:Total » percent..

Discharge. doLay-off. „ doQuit. __ - .do

65. 664.2

40.2

'4,500,000'375, 000

>,010,014337, 930374, 027224, 692

3.69

88.272.696.2

103. 599. 272. 293. 378.789.6

94.681.6

123.293.973.479.376.996.7SO. 991.8

51.275.761.973.753.5

90.471.772.1

85.596.4

82.684.6

87.587.283.9

52.0

100 |

423.466 !258,103165,363 |

824,259 I117,103

1,089

60.359.0

837288888560

3091,327.678133,531

88.973. 696.4

101.098. 172,594.680.993.3

99.182.1

121.095.575.478.777.597.682.695.6

48.475.561.375.454.4

91.772.473.1

83.290 7

81.285.4

85.590.583.3

46.0

101

84.276.091. 178.097.477. 197-282.795.3

111.384.7

119.893.078.280.879.898.884.791.9

41.176.961.675.055.3

93. 172.473.5

82.489.4

80.586.3

83.589.6

83.2

46.0

99435,971 433, 533271,015 274,651164,956 I 158,882

830,622 834,266116,022 115,569

1,097

60.859.3

837389888464

39.1

3241,105,480125,281

1,102

61.0

40. 1

355911,216118,268

6,498,076 6,735,957 16,833.680370,233 i 396,663 I 384,981473,141 437, 90.1 436, 290123,517 I 117,906 130,491

7.3 8.5 j 6.4

4.49

3. 28.23

1.921.13

4.94 4.72

3. 22 4- "3.23 .27

1. 84 3. 231.15 I 1.23

91.577.696.483.9

101.480.4

' 100. 384. 897.4

118.480.6

121. 898. 979.883.183.3

101.087.095.2

47.678.263. 174. 554.9

93. 572.873.7

86.698.5

83.588.0

86.789.684.2

47.6

111

414,147262,375151, 772

<»A 7 Hi

92.178.8

102.0103.0104.082.2

' 101.786.198.0

105.786.9

121. 9100. 280.482.784.7

102.888.296.8

49. 981.164.273.654.6

94.073.173.8

88.7103. 9

84.789. 0

86. 587.685,4

49.3

107

389. 9Gfi240. 249149, 717

Si! 017114,611 i 114,510

1,114 I L 121

61.7 !60.5

877683898966

62.160.4

40. '

379 i 3351,063,100 1,O53,S78

130,875 148,570

6,838,889355, 800434, 648167, 809

6.4

5.09

3.30.26

1.471.57

6,897,446357, 455399,095173, 407

5,8

4. S3

3. 25.24

1.721.29

•91. 580.2

102.2117. 7106. 181.9

r 102. 782.999.3

105.687.9

124.199. 581.683.484.8

103.487.696. 9

51.582.362.973.252.6

93.573.073.7

90.1109.3

85.189.7

81.387.084.6

95

353,971200, 283153,688

839,053114,792

1,101

(U. 160.7

88

909090(58

41.5

1,940,628157,007

92.281.3

102. 0126.1107.081.1

• 103. 484.399.0

105.289.1

128. 599.183.684,785.4

105. 0' 88. 4

97.4

54.883.964.472.449.4

93.272. 573.6

99.6143. 4

88. 191.0

77. 787.684.0

49. 2

90

288, 248149, 708138, 540

831,095115,964

1, 095

60.662.1

867490908865

41.8

2,065,733184,859

1,841,989 j6,311,I61339,309 j 307,182330,986158,833

4.8

4.60

3.04.21

1.701.13

303.275171,974

4.8

4.41

3.41.22

2.141.05

93.081.593.0

126. 0110. 081. 1

' 103. 083.698.7

104.889.4

126.2100.184.083.985.5

102.688.099.7

54.184.666.872.745.7

92.172.574.4

85.495.1

82.990.7

76.888.585. 5

46. 5

69

210,02792j 451

117,576

829, 791115,870

1,088

60. 262. 8

857189908864

41.0

262'2,098,115

212,161

6,282,615292,304242,136143,969

3.9

4.60

3.38.21

1.901.27

95.483.2

105.5127.5109.084.1

' 103. 488.6

100.6

107.291.6

128.7102. 485.285. 387.3

107.090.4

101.8

52.784.869. 673.546.7

92.072.574.8

85.293.9

82.992.0

76.288.686.4

51.2

76

190, 33669, 550

120, 786

826, 333115,871

1,112

61.564.0

866989908965

41.5

'333'1 , 479,222' 232,583

6,115,443262,290250.241157, 738

4.1

4.71

2.85.22

1.441.19

84.9106. 387.3

113. 886.6

' 105. 390.8

104. 3

111. 293.6

130. 8105.786.786.289.7

108.791.4

105.4

48.985.973.1

'74.249.1

92.272.675.4

88.5100, 3

85.492.1

81.188.786.9

51.8

200,79481,748

119,046

829,193116,146

1,114

61.663.4

877191909068

41.7

2,174,784

102.185.2

108. 6130.0115.784. 4

106.391.5

108.0

115.194.3

130.9108. 687.287.089. 5

' 107. 092.2

106.6

54.0' 72. 0

76.2'75 .8

53. 1

' 92 972.976.6

88 899. 6

86.0' 91. 9

' 84. 9' 88. 5' 88. 4

60. 7

78

220, 286101, 525124, 701

835, 259] 10, 375

63.363.8

8873929191

40.9

'7233,332,475

• 345,2741 r 376,821

5,495,209282, 587294, 308193, 641

5.4

4.74

3.20.24

1.531.43

5.519 7542S8, 037348, 927

'219,

4

3

11

4406.3

04

09234838

103.486. 5

108.4129.1113. 6' 8 3 . 8100.793.3

108.8

116.595.3

133.5109.886.287.389. 6

UO.O' 92. 3105. 3

51.0'77 .8' 78.2'76 .7

54.9

' 94. 473.3

'77 .7

' 89. 9' 102.1

' 86. 7'90 .8

' 88. 6' 90. 3'87 .7

87

299, 063139, 890159,1(57

810,159115,912

1,167

64.663.8

8978

9)9169

40.6

'2,750,000P385, 000

3,309,545272,125• 380,018240, 700

3. 56

3.37.21

1.791.37

' Revised.fRevised series. Industrial disputes beginning 1927. See table 25, p. 19 of the July 1937 k

and 1936. These are shown in table 35, p. 20 of this issue.• Figures were erroneously stated in issues prior to June 1937; decimal point has been moved 2 points to right.

p Preliminary.Employment indexes for Philadelphia and Pennsylvania revised for 1935


30 SURVEY OF CURRENT BUSINESS


1937

June July i August Septem-!ber I

Octoi Novem- ! Deoem-

!January !

1SKJ7

March Apr:!


102.8104.4

S2.011(1.2

125. S132.393. 0

114.8KM). 8137. 4lf)4. 0119.6143.4141. 3392. i)115.8134. 2259. 2

99. 380. 473. 1

108.4104.9124.4103. 898. 091.094. 083.155.0

M24.fi70. 4

123.773. 9

104. 1137.9112.9

104. 980. 3

r 125.083. 588.080. 4

103. 3107. I

50. 973. 077. 009. 352. 1

100. 171. 188. 5

81.179.084.6

94.5

60.498.155.858.744.045.495.8

131.483.3

83.7154. 9

79.994.3

83.8124.660.161.960.155.839.356.390.598.7

107.154.098.183. 9

105. 4113.399.4

120. 9112.3276.898.9

115.1220.781.264.657.889.889.2•95.189.089.576.875.276.650.1

92.955.791.561.282.094.482.9

76.964.494.3

r 03. 970.066.476.481.8

42.061.548 258.944.0

88.166.877.4

80.275.981.8

92.5

61.398.454.559.942.343.392.8

108.382.9

81.4143.377.496.1

82.8115.9

56. 061.755.755. 339. 158. 087.792.699.550.599.085. 6

106. 4114.9100. 8113.8114,7287. 8107.0116.1266. 486.774.270.389.986.692.587.188.577.377.174.351.0

92.756.487.662.483.093.384.8

79.463.894.266.669.467.576.879.7

37.262.846. 160.443.9

89. 866. 579.9

83.577.086.8

98.1

65.5108. 858.968.446.944.893.991. 582.6

83. 9164. 782.9

100. 4

89.4123. 557.761.357. 558.340.360. 292. 881.083.4

97'! 891.8

108.1117.7105.2113.5112.2300. 1114.0116. 2237. 187.580.377.294.089.496.990.891.687.483.092.453.5

r 95. 258.589.5

r68. 289.296.689.8

86.966.4

r 97. 870. 172.071.181.782.6

31.465.448.259.746.2

89.806. 581.2

83.677.287.1

97.7

66.0112. 560.371. 146.545.894.787.184.3

85. 0180.988. 098. 9

95. 2123. 059.261.359 158.239.461.091.270.377.352. 699.491.6

112.0120.1107. 2114.0116.3302. 4116.5117.9227.1

85.175.770.795.592.095. 292.291.983.980.587.053.3

96.958.490.369.0

r 89. 398.390.5

90.566. 9

100.270.371.872.482. 682.7

34. 971.050. 060. 444.8

91.466. 478.8

89.085.393.2

101. 8

68. 597.203. 576. 949. 847.1

102.7105.992. 7

90 2177.999. 7

110. 6

102. <!154.46 1 963. 564. 062. 541.362.0

103. 095. 8

101. T,59.7

103. 293. 7

114,4

m. 7112. 6119.6115.9307. 6111.5119. 0198. 988.774.067.499. 096.5

101. 996. 893.888.585.191.554.7

99.861.2

103. 171.5

105! 193.6

87.370.4

103. 171.475. 575.387.891.7

48. 579.253.759.646.2

92.767.783.1

00.7S'S. 995. 8

105.0

',,-_'. 2

77. 04:'. f"i42. 7

105. (\102. 096. 8

93. 3169.4102. 0114.9

103. 8155.0

65. 265. 565. 461.141.163. 199.4

113.4125.8

57. 697.392 9

114.7127. 5112.7116.8119. 1298. 2108.3120.4191.399.867.358.2

100.898.6

104. 5101.298.987.286.784.654.8

101.962.7

103.670.9

r 95. 1101.096.4

89.271.9

103.073.677.375.286. 592.7

40.380.754. 660. 143.5

91.869. 781.6

95.293. 4

103.2

115. 4

ftf. 79'i! 500. 578.350. 741.6

113.6121.5103.1

100.2167. 5105. 5114. 7

111. 6164.2

65. 567.405. 659.140.958.895.1

120. 9135. 759. 990. 697. 5

118.3132.5112.5121.6119.5321. 3105. 7119.8187.6101.578.371.4

105. 0102.6108.6104. 899.794. 096. 886. 355.4

104. 065. 0

103. 972.4

r 9 7 . 8110.998.9

91.474. 6

100. 079.981.679.391. 293.7

55.48f>! 057.761. 339.4

93.869. 382.4

90.780. 699.8

115.9

63. 394. 454. 971.447. 137. 2

111.0131. 697. 0

98. 7146. 0

97. 11117

113.1148.401.264. 561.152 73o! 449. 981. 0

100.7It!"" 2

r>s >«.. ' . 8

90. 0119. \131.S\V). !PJM 3119.5'!3v 1100. 51 ! .> 41<S7. 89 1 S86. 382.4

102. 59S.7

109.999. 494. 094. 096. 088. 147.1

104.005,8

104 072. 2

' 98 ! 1100. 196. 7

89 474. 7

10(5. 480. 379.178.889. 593 9

42.779. 958. 401. 034. 6

92. 3• 08. 0r 83. 0

95.892. 5

103. 9

118.5

67.599.458. 275.050. 439. 7

118.2139. 6107.3

105. 0124. 2103. 5121. 7

120. 2154, 9

03. 4(.4, 863. 459. 837. 952 0

107.2112. 3121.8

66. 797.999.9

123.. 0135. 2119. 3127. 2122. 7344. 5101. 3121.9189.388.490.987.9

104. 0100. 5113.5104.4101.3100.197. 0

100. 952.6

108.608.4

108. 275.5

r 100.3117.898.6

91.378.2

110.382.081. 5

' 8 1 . 1r 94. 2100. 7

41.082.463. 463. 837.8

93. 308. 7

'82 . 2

101.1100.0112.6

127.2

7"? 2un. 2f;!. 07o! 952. 048. 0

125. 5102. 1112. 1

111.6127 1111.8130.4

127. 8103.205, S67. 105. 900. 142. 002. 5

115. 1123.0132. 2

79. 1110.0102.612S. 1140. 2121.2133.1125. 6349. 7] 04. 1124. 1211.0

91. 592. 4S9. 0

107.3104. 1110.599. 890.4

103. 297. 5

110.452. 4

118.370.0

1 IS. 181.0

r 104.2122.8101. G

97. 081.2

119.385. 384,4SO. 198. 0

105.9

37.888. 470. fi63. 741.3

9 1. 509. 2

r 87. 2

101.9106. -t

124. 5

145. 0

78. 5108. 2

OK. 3

55'. 052. 0

133.9ISO. 0121.0

IIS. 5126. Sin. 213'*. 7

132.7104. 1V.*407. 007. 071. 149. 2OS. 5

120.212S. 0130. 0

SO. 1122. 7102.9130. 4150.0119.8142. 1137. 0304. 8108. 2123.4220. 2

98. 787. 781.0

111.4104. 8119.0100. 390. 5

100. 2100. 395.752.3

127.074. 0

123.070. 5

100. 1134. 9112.7

104. 585. 9

127. 387.787. 880. 5

r 104. 0108. 9

03.9r 54. 4r 70. 9r 07. 4r 48. 1.

T 95. 2r 09. 4' 80. 3

r 10;". ?r 107. 5

J 2 i. 7

r 115. r

7\ 5M ! J. 7

r OS. 2r ~:\_ 7

r 52. 9* 131.9r 1*3.0' 1 Z\ 5

110.4r JOS. 5r 113. 1

134. s

r 120. 5u>»;. 0

<• r-7. 160. 4

T 07. 4r 72. 0r 49. 1T 7 1 . 1

r US. 9r 134. 1r 143. S

r ;--.O. 9r 11 s. 7r ] ( ) • ] _ ;•}

r VMS. 7' 152. 5r 11S.0r 145. 0r 13S.3

3X2. 0r 111.0r 130. 3r 230. 9

r 99 0r 81. 0r 74. 1

r 11(1.0r 105.9

121. Sr 109. 2

102. 7r 90. 2

9S. 0r 88. 9r 53. 6

128.175. 9

120.5' 75. 1

r 100. ,"r 137. 1r 113. 5

r 105. 4SO 2

127. SSO. 288. 9SC. 4

r 103. 910S. 0

4 4 . 4r 07. 8r 79. 0r 07. 7

51. 4

r 97. fr 70. 1T 89. 5

PAY BOLLSFactory unadjusted (B. L. S.)t~ 1923-25=100._

Durable goods groupf doIron and steel and products! do

Blast furnaces, steel works, and rollingmills 1923-25=100.'.

Structural and ornamental metal work1923-25=100.,

Tin cans, etc. doLumber and products—. do

Furniture , doMiJlwork . . .doSawmills do

Machinery f doAgricultural implements! doElectric machinery, etc doFoundry and machine shop products

1923-25 = 100..Radios and phonographs do

Metals, nonferrous doAluminum mfrs doBrass, bronze, and copper products

1923-25=100..Stamped and enameled ware do

Railroad repair shops doElectric railroads doSteam railroads do

Stone, clay, and glass products. doBrick, tile, and terra cotta doCement _.doGlass . do

Transportation equipment! doAutomobiles doCars, electric and steam railroadt-doShipbuilding do

Nondurable goods groupf do__—Chemicals and products do

Chemicals doDruggists' preparations doPaints and varnishes... doPetroleum refining doRayon and products do

Food'and products .doBaking doBeverages doSlaughtering and meat packing...do

Leather and products.. doBoots and shoes doLeather do

Paper and printing. doPaper and pulp do

Rubber products doRubber tires and tubes..... do

Textiles and products .doFabrics doWearing apparel do

Tobacco manufactures doFactory, unadjusted, by cities and States:

City or industrial area:Baltimore 1929-31 = 100..Chicago 1925-27=100..Milwaukee doNew York.... doPhiladelphia! 1923-25=100..Pittsburgh .doWilmington.. do

State:Delaware doIllinois 1925-27=100.-Maryland « 1929-31 = 100-Massachusetts 1925-27=100--New Jersey 1923-25 = 100-.New York 1925-27=100--Pennsylvaniat 1923-25 = 100-Wisconsin 1925-27 = 100..

Nonmanufaeturing, unadjusted (B. L. S.):Mining:

Anthracite 1929 = 100--Bituminous coal doMetalliferous doPetroleum, crude, producing doQuarrying and nonrnetallic do

Public utilities:Electric light and power and manufactured

gas 1929=100-Eleetric railroads, etc doTelephone and telegraph.. dof RevisedfRovised series. Factory pay rolls, for revisions beginning January 1934, see table 13, p. 19, of the March 1937 issue. Pay-roll indexes for Philadelphia and Pennsylvania

revised for 1935 and 1936. See table 35, p. 20 of this issue.




1937

June

1936


berDecem-

ber

1937

January Febru-ary March


April M a y

PAY KGLLS—Continued

Nonmanufacturing— Continued.Trade:

Retail, total 1929=100..General merchandising _._doOther than general merchandising.do

Wholesale doM iscellaneous:

Dyeing and cleaning doLaundries, _ do.__.Year round hotels do

WAGES—EARNINGS AND HATES

Factory, weekly earnings (25 industries)(N. I. C.B.):

All wage earners .dollars..Male:

Skilled and semiskilled doUnskilled do.._.

Female doAll wage earners 1923=100..

Male:Skilled and semiskilled doUnskilled do___.

Female doFactory average hourly earnings (25 industries)

(N. I. C. .13.):All wage earners dollars-.

Male:Skilled and semiskilled---.. doUnskilled ___do

Female. doFactory, weekly earnings, by States:

Delaware— _ .1923-25 = 100..Illinois 1925-27=100..Massachusetts doNow Jersey 1923-25 = 100..New York 1925-27=100..Pennsylvania.— _ 1923-25=100..Wisconsin 1925-27 = 100..

Miscellaneous wage data:Construction wage rates (E, N. R.):§

Common labor dol. per hour..Skilled labor do

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

Railways, wages (average) dol. per hour..Road-building wages, common labor, on

public works projects:United S tates dol. per hour..

East North Central doEast South Central , doMiddle Atlantic. „ do... .Mountain States __doNew England - doPacific States . do... .South Atlantic doWest North Centra] .do.. . .West South Central do_...

Steel industry wages:U. S. Steel Corporation 1 doYoungstown district- percent base scale...

74.41)2. 070.770. 2

78. (iS.\ 4

28. 35

32. 1823. 0017.1)310o. 5

104.4105. y102. 3

. 792

.581

98. 4101.0112. 390. 7

1 OS. 9101.4

. 0441.33

CO('')COCOCOCOCOCOCOCO

. 025125.0

66.481.363. 368.4

69.275.866. 6

24.45

27.3119.7415. 0091.9

88.688.687.0

.617

. 685

. 498

. 429

85.885. 087.098.6

r 86.493.288.0

.5641.14

.42

.54

.30

.46

.56

.47

.55,33.49.36

. 48515.0

65.177.362.669.0

64.879.066. 0

24.20

26.7719.4615.2290.9

86.987.388.3

. 617

,684.497.429

84.484.188.198.587.291.583.2

.5541.15

32 21. G64

.42

.56

.30

.46

.56

.50

.54

.33

.49

.36

. 485117.0

64.476. 461.969. 7

63. 276.766. 1

24.76

27.6520. 0715. 9293. 0

89.790.192.3

.619

. 685

.496

.429

82.384.489.499.5

' 89. 195.089.4

.5691.16

.665

.41

.54

.30

.47

.57

.49

.51

.32

.50

.34

.485117.0

66.682.863.370.5

66.176.667.5

25.18

28.2620.4615. 9594.6

91.791.892.5

.619

.687

.497

.431

80.583.1

r 88. o96.487.093.486.3

.5691.16

.672

.42

.58

.31

.47

.56

.48

.56

.32

.50

.34

. 485117.0

68.387.264.471.5

66.775.369.6

25. 51

28.5720.7316.0995.9

92.793.093.3

. 619

.6S9

.498

.431

86 987.288.6

101. 988.997.594.0

. 5831.18

32. 84.667

.42

.60

.33

.48

.55

.51

.53

.33

.50

.35

. 485117.0

70.191.465. 773.1

60.274.569.6

25.98

29.2421. 2816.5097.6

94.995.595.7

.624

.697

.505

.432

89.088.090.0

103.588.797.395.1

.5831.18

.686

.41

.63

.30

.48

.53

.47

. 52!31.51.34

.505125.0

75.9116.267.672.8

57. 376.169.8

26.63

30.2121.9016.96100.1

98.198.398.4

.637

.711

.518

.437

91.689.895.3

107. 692.7

101.395.8

.5861.18

.683

.39

.61

.30

.50

.50

.45

.51

.31

.50

.32

.525125.0

68.083.864.772.6

55.676.470.4

26.11

29. 8821.6516. 7298.1

97.097.297.0

.638

.715

.515

.438

90.090.995.3

105. 3r 92. 2

99.494.1

.6031.24

31.37.688

.39

.65

.30

.53

.60

.40

.57

.31

.50

.36

.525125.0

67.982.964. 874.1

54. 676. 372. 5

26. 68

30.0221.9417. 00100. 3

97.498.598.6

.642

.718

. 518

.440

89.692.696.1

106. 792.9

102.498.8

.6031. 24

.696

(b)(b)COCO(b)(b)CO(b)CO(b).525

125. 0

70.587.667.075.0

61.777. 572.7

27. 50

30. 8322. 4217.24103. 3

100. 1100. 6100.0

. 659

. 731

. 535

.444

91.894.198.3

109. 395. 9

104. 8100.2

.6121. 25

.674

COCOCO(b)COCO(b)(h)(b)CO.575

125.0

r 71. 9r 89. 1

(IS. 3r 75. 4

r '*K. 8'• 78. 5r 74. 5

28. 03

31.7023. 3817.37105.3

102.1)101.1)100. 8

. 685

. 761

. M4

. 463

95. 598. 6

100. 5112.7{)'\ 0

KM. <J101. 9

. 0 1 21. 20

34. 10.671

COCOCOCOCOCO('')COCOCO

. 025125.0

r 73. 5MM. 5r 69. 8r 70. 1

73. 9' S\.\T 73. 0

r 2 8 . 3 0

r 3 1 . 9 0r 23. 03<• 17. 19r 100. 0

r 10:5.7l!)0. 1

r 101.5

. 089

.780'. 57 1.171

98' 3100. 03 13.790. 4

101). 7102. 1

r . 0271.30

COCOCOCOCOCOCOCOCOCO

. 025125. 0

FINANCE

B A N K I N G

Acceptances and com'l paper outstanding:Bankers' acceptances, total mills, of dol...

Held by Federal Reserve banks:dFor own account mills, of dol._For foreign correspondents do

Held by group of accepting banks:Total mills, of dol. .

Own bills doPurchased bills do

Held by others doCom'l paper outstanding do

Agricultural loans outstanding:Grand total • do

Farm mortgage loans, total doFederal land banks doLand bank commissioner do

Loans to cooperatives, total _doFederal intermediate credit (direct)

mills, of doL-Banks for cooperatives Incl. Centra!

Bank mills, of dol. .Agricultural Marketing Act revolving

fund „ mills, of dol._

8311/3

47

276129147

40109

3,3812, 8912,064

82784

a Less than 1 million dollars.b Data temporarily discontinued by reporting source.§ Construction wage rates as of July 1, 1937—commoncf Federal Reserve banks held no bankers' acceptances• See footnote marked "If" on p. 32.0 Farm wages as of July 1, J937, $30.J1.

278131147

188

3, 3872, 8942, 065

82988

308

27914013929

205

3, 3842, 8992, 007

83289

27613913739

197

3, 3822. 9022, 068

834105

330

29615014734

199

3,3782, 9032. 068

835

123

1

71

51

349

' Revised.

labor, $0,602; skilled labor, $1.35.for the period April 1935-March 1937 inclusive.

30915715240191

3,3712,9022,066836

130

1

73

56

373

31515116457

215

3,3622,9012,064837

125

2

70

54

387

32515417162244

3,3522,8982,061836

120

1

64

54

401

34116118061

268

3,3532,8962,060836114

1

60

52

396

31715016680

290

3, 3742, 8922, 058834110

1

57

Basic rate for common labor.

31)5

3 IS1 !717 i

285

3, 3802, 8882, 05583,399

1

49

49

2951371Ml

3, 31)02, 8852,051832

45

48



Monthly statistics through December 1935,together with explanatory notes and referencesto the sources of the data, may be found in the1936 Supplement to the Survey

1937 I

Jane July

1936

Septem-ber October No vein- i Decem-

ber ber

FINANCE-—Continued

1937

Janu-ary

Febru-ary March April

BANKING-Continued

A grlcultural loans outstanding—Continued.Short term credit, total^ mills, of ctoL

Federal intermediate credit banks, loansto and discounts for:

Regional agricultural credit corps.', prod,credit ass'ns and banks for coopera-tives mills, of dol.... |

Other financing institutions^ do.. -Production credit ass'ns doRegional agr. credit corp doEmergency crop loans „ doDrought relief loans do

Joint stock land banks in liquidation—doBank debits, total _._ do

New York City doOutside New York City do

Brokers' loans:To N . Y. S. E. members— doBy reporting meniber banks. (See Federal

Reserve reporting member banks, below.)Federal Reserve banks, condition, end of mo.:

Assets (resources) total mills, of dol.-.Reserve bank, credit outstanding, total

mills, of dol.--Bills bought doBills discounted _, doUnited States securities do

Reserves, total- . doGold . do

Liabilities, total.__ __doDeposits, total-- do

Member bank reserve balances, totalmills, of doL.

Excess reserves (estimated) .doNotes in circulation do

Reserve ratio percentFederal Reserve reporting member banks,

condition, end of month:Deposits:

Demand, adjusted mills, of dol._T i m e - - . do

Investments, total doU. S. Government direct obligations.doU. S. Government guaranteed issues.doOther securities do

Loans, total® doCommercial, industrial, and agricultural

loans:On securities mills, of dols_.Otherwise secured and unsecured--do

Open market paper doLoans to brokers and dealers in securi-

ties mills, of dol_.Other loans for purchasing or carrying

securities mills, of doL_Real estate loans doLoans to banks doOther loans __— . . . d o

Interest rates:Acceptances, bankers' prime percent. .Bank rates to customers:

In New York City doIn eight other northern and eastern cities

percent. .In twenty-seven southern and western

cities percent. .Call loans, renewal (N. Y. S. E.) doCom'l paper, prime (4-6 mos.) __-doDiscount rate, N . Y. F. R. Bank doFederal Land Bank loans doIntermediate credit bank loans doTime loans, 90 days (N. Y. S. E.) d o . —

Savings deposits:N . Y. State savings banks mills, of dol_..U. S. Postal Savings:

Balance to credit of depositors doBalance on deposit in banks do

419

10547

159

13059

1183f>, 453lfi,43420, 019

1,186

12,490

410

2 5°f>9J598,845

12, 4967, 278

6,900865

4, 20679.7

15,18fi5, 235

12, 5308, 3011.1523, 0779, 7G0

3, 765407

1,447

7141.109

981, 534

FAILURESCommercial failures:

Grand total.. number..Commercial service, total doConstruction, total doManufacturing, total ..do

Chemicals and drugs doFoods .doForest products _doFuels doIron and steel doLeather and leather products doMachinery doPaper, printing, and publishing.__ doStone, clay, and glass _._.doTextiles doTransportation equipment doMiscellaneous do

Retail trade, total doWholesale trade, total .do

2.34

3.32

4,181. 00

11.504.002. 00

IH

5, 275

1.2fi.S121

6702442

3344

3310

3136

53

402

13404

66

406

14454

13936

' 113

63151

37, 50318, 62318, 8S0

9h9

11, 574

2, 47334

2, 4308, 3858, 119

11,5746, 585

5, 633

A, 03479. 0

14055

14135

••11162

14731,81616, 19918, 017

967

375 I

13950

12231

! 33,I 15,i 17,

! 37,! 17,j 20,

340

13241

10526

10561

17! 39118, 175

11,629 | 11,621

13041

10525

10460

13345, vm22, 65823, 238

3,051

11,862 i 12,057 j 12,208 j 12,525

2, 46234

2,430 j8, 5038,21011,6296, 758

6, 0053, 0293, 97879.2

14,6795.01114, 1599,5101, 2893, 3608, 460 | 8, 294

14, 8505,01514. 0849, 4561, 2723. 35?

2,471 I

i\2,4,.O 'N 579 I

11' 6216, MiO

6, 4101,'MO1,01s79. 3

2 130.i, 6 T

6, 3571 04,01')79. 5

2, 47636

2, 4308,9148 iih?12, 0577, 0u5

6, 7532, 1754, 11679.9

340065796274257265 !721

2, 45337

2, 4309, 04S8, 81012,2087, 068

6,7882, 2364, 19980.3

15, 4645, 03713,6479,1731,2463,2288,832

2,50033

2, 4309, 1218, 86512.5257,109

6, 6061,9844,28480.1

15, 5715,067

13, 7429,2411, 2383, 2639.189

126401062410460 !13U |

39,4"9 !19,096 ;20,383 j

1, 026

130411152410360

12934, 52616,90717, 620

1,075

12,297 12,330

2,4977 j33 II

2,430 |9, 1568,86212,297 i7,2576,7812,1524,16080.2

15, 4935, 07713,6389,1491,2143, 2758,941

2,46535

2,4309,1348, 859

12, 3307,177

6.6952,0784,19080.4

15, 5015,16713, 5979,0671,2083, 3229,121

373

144421322411560126

42, 00320, 39821, 605

1,159

12, 339

2, 458312

2, 4309,1418. 85612, 3397,186

6, 6391,3984, 17480.5

15,1265,14412,9078,3961,1993,3129, 366

1,226 j 1,127 I 1 ,163 I 1 ,194 1, 153 1, 181

1,145 | 1,144 i 1, 145 I 1,139 I 1,14362 58 65 i 112 53

H

2.44

3. 5.1

4. 391. 00n1. 504.002. 001H

' 5, 217

1, 232203

7734336J431135113587132

271

20479 |72

2. 44

3 61

4. 351. 00

n1. 504. 002. 001J4

5,197

1,244172

6393442131437666

36567

2.42

3. 47

4. 251.00%

1.504.002. 00

m5,197

2. 40

3. 45

4.291. 00

n1.504.002.00114

5, 223

1, 249 1, 251166 162

6553736104630616

710

183

1340870

1, 15263

3. 50

Ho

2.43

1,289 1, 204 1, 263

1, 15666

5863943107

3311383671

20

32869 '

4.231.00H

1.504.002.00Hi

5,210

1, 255158

61135341056239233414017

4.241.00H

1. 50 j4.002. 00IK

5, 201

1, 257145

688294613924311342811530

414

382

614

40965

2.43

3. 46

4.141.00%

1.504.002. 00IX

5, 246

1, 260145

69232431415

3615

109

n !

1339878

1, 15160

2.50

3.36

4.161.00U

1.504.002.00IK

5,244

1,266136

811424513683490879103251

2249890

1,14986

2.41

3.43

4.151.00

1.504.002.00

m5, 248

1,270133

431207333654820516310

438

1,305

1,15781

•U-QA&

2.50

3. 34

4.151.00n-i1.504.002.00

5, 278

' 1, 272' 132

82051721264408165810

116

48190

399

1544414424

12859123

37.13317', 08220, 051

1,187

12,449

412

2 5259,' 3358, 853

12, 4497,257

6, 8811, 5944, 20579.7

15, 3885,158

12, 7748,3701.1753,2299, 428

1,297

1,15684

3.36

4.211.00

11.504. 002.00IK

5,250

1,269122

7862862

135

4115

110

648

115

47091

159451522313059120

34, 40615, 11419, 292

1, 152

12,448

2,585617

2, 5269,1358, 55012,4487, 261

6, 915918

4, 22379.5

15,2745, 231

12. 5878, 2871,1563,1449,571

••570' 3, 700

483

1, 333

7201,161

123' 1,481

2.44

3. 45

4.171.00

11.504.002.00

IK

5, 245

1,268121

8342750

1533

3716

5655

147

°313

51886

r Rev i sed1 D a t a revised beg inn ing M a r c h 19?6. F o r revioions °oe p . 32 of t he J u h 1t)37 i ^ u e® F o r m of repor t ing men ibe r b a n k loar^ r e \ ised becrinam1: »T P i') i". ) I',1 n°v, i t^tu-, which .ire seK-evnHiiat ' /ry, 'iro no t avai lab le pr ior to t h a t d a t e . Fo r a m o r e de ta i led

discussion of t h e significance of t h e new seneb, bt^ ' l i t Fede i il JLe'-er ^n]U MH tor ~\lh> 193", p . 44 and for J u n e Iu3/ , p . 530.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Monthly statistics through December 1935, to-gether with explanatory notes and referencesto the sources of the data, may be found in the1936 Supplement to the Survey

1937

June

1936


berDecem-

ber

1937

January Febru-ary- March April May

FINANCE—Continued

FAILURES—Continued

Commercial failures—Continued.Liabilities:

Grand total thous. of dol.Commercial service, total do.. .Construction, total do.. .Manufacturing, total do. . .

Chemicals and drugs do. . .Foods _ do—.Forest products do.. .Fuels do.. .Iron and steel-. do. . .Leather and products do._.Machinery do., .Paper, printing, and publishing-do...Stone, clay, and glass do. . .Textiles do. . .Transportation equipment- do.. .Miscellaneous do._.

Retail trade, total do._.Wholesale trade, total do.. .

LIFE INSURANCE

(Association of Life Insurance Presidents)

Assets, admitted, total mills, of dol.Mortgage loans, total do.. .

Farm _. do.. .Other do-_-

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

Government do....Public utility _. _.do_-.Railroad do.._Other do.. .

Policy loans and premium notes do.. .Insurance written:

Policies and certificates, total numberthousands.

Group do.. .Industrial do.__Ordinary do-_.

Value, total. thous. of dol.Group do.. .Industrial do. . .Ordinary do__.

Premium collections, total do. . .Annuities do.-.Group .do. . .Industrial doOrdinary __ do. . .

8,191408499

2,8834;

45240520315516230

13337

1,1461798

3, 2921,109

1,02751

735241

825, 28887, 861

224,113513, 314

(Life Insurance Sales Research Bureau)

Insurance written, ordinary, total-mills .of dol.Eastern district do._.Far Western district _._do_..Southern district do. . .Western district - - .do. . .

Lapse rates 1925-26=100.

MONETARY STATISTICS

Foreign exchange rates:Argentina dol. per paper pesoBelgium ..dol. per belga.Brazilc? dol. per milreis- .Canada dol. per Canadian doL.Chile _dol. per peso-England _ dol. per £_.France dol. per franc..Germany dol. per reichsmark..India dol. per rupee. .Italy A -- .-dol. per lira..Japan .dol. per yen..Netherlands dol. per florin..Spain § _. dol. per pesetaSweden dol. per kronaUruguay _.dol. per peso..

Gold:Monetary stocks, U. S mills, of dol.-

Movement, foreign:Net release from earmark 1__-thous. of dol—Exports doImports doNet gold imports including gold released

from earmark0 thous. of dol--Production, Rand— fine ounces-.Receipts at mint, domestic.— do

Money in circulation, total mills, of dol..* Quotations partly nominal.

.329

. 169

.087

.999

. 0524. 94.044.401. 372. 053.287. 550.052.254.791

12,189

-15,86581

262,103

246,157879, 069198,1746, 435

9,177638

1,0502,541

9550939478

162244228147

7356

8313

3, 5351,413

19, 6404,220752

3,468

9, 7954,2932, 0602, 657786

2,690

1,07937

805237

768, 07642, 095

233,333492, 648251,84127,5719,700

58,926155,644

533224586218999

.334

. 169

.086

.997

.0515.02.066.403.379.079.294.677.137.259.797

10,514

-24,78177

277, 851

252, 993944, 165157,0816,062

9,9041,3141,8732,347

513296284

58612812911294

37383

3163,1971,173

19,7754,198746

3,452

9,9084,3522,1052,635816

2,676

1,04555

767223

749, 49179, 323

220, 672449, 496255,954

32, 67310,04751, 522

161,712

5132085763185

.335

. 169

.085

.999

.0515.02.066.403.379.079.293.681.137. 259.798

10, 629

2,293695

16, 074

17, 672967,993264,1406, 203

8,271502

1,4981, 852225340209351123320517612

253101151

3, 2551,164

19, 8754,188739

3,449

10,0154,4192,1302,643823

2,667

1,00329771202

668,63839,540221, 692407,406235, 99626,1829,054

58, 685142,075

4521755657164

. 335

. 169

.0851. 000.0525.03.066.402.379.079.294.679. 136.259.797

10, 674

-11,94532

67, 524

55, 547964, 517228,5576,191

9,819557

1,1483,212148487377451902084032585

84827216

3, 3911,511

19, 9974,172733

3,439

10,0984,4372,1832,647831

2,661

95230725198

630,83135, 601208, 001387, 229225, 48625, 55510,10952,490137,332

4261684956153

.3361.169.0861.000.0525.04.063».4O11.3801.079».294l. 662.123l. 260.797

10,764

-28,80542

171, 866

143, 019967, 328237, 6306,258

8,266501573

3,469423

1,3913784389336540510321194234

2,888

20,1194,167726

3,441

10, 2274, 5342,2302,640823

2,653

1,06735809223

715, 26140, 507232, 465442, 289239, 31327,1019,04654,734148, 432

4912015262176

.327

.168

.0871.000.0524.90.047.402.3701.055.286.536.090.253.799

10, 983

-11,253117

218, 929

207, 559977, 425273, 3186,321

11,532287

2,7813,631

271,2732541229628

386582221371107164

3,901932

20.2394,158720

3,438

10, 3464.6062,2412,645854

2,647

1,09029853208

709, 05143,124236, 846429,081240, 38025, 5929, 26157, 440148,087

4781965260170

,326.169.0871.001.0524.89.046.402.369.053.286.540.088.252.800

11,116

2,956127

75,962

78,791944, 783220, 6456,401

12,288478

1,6013,121

27774329574869623414414547769121

3,1353,953

20,3804,166718

3,448

10, 6424,7892,3642,641848

2,641

1,05854

111227

805, 07780, 570

216,363508,144360,242

67,68711,892

100, 271180, 392

561221

6171

20897

.327

.169

.0871.001.0524.91.047.402.371.053.285.546.077.253.800

11, 220

9957,070

56, 303970,030196, 248

6,563

8,661326

1,0152,502

81575188

033913965

14827

6746

2603,7461,072

20,5164,142

7083,434

10,7094,8712,3232,652

8632,632

89325

670197

670, 27642,051

195,405432,820262,03735,51210,00057, 286

159, 239

4622014354

164

.327

.169

.0871.000.0524.91.047.402.371.053

1.285.548.071.253.789

11,310

-48,33011

121,336

72,995980, 268193,079

6,400

9,7711,1691,2792,711

661,017

49291

2863

25127236

197311130

3,5711,041

20, 6094,127

7033,424

10,8674,9692,3402,678

8802,623

95228

711212

711,82540,247

212,231459,347252,162

27, 29711,18656,917

156, 762

4882134558

172

.326

.169

.0871.000

.0524.89.047.402.370.053

3.285.547.067.252.789

11,399

- 8 , 0 0 0(2)

120,326

112, 326922,941155, 332

10, 922529

2,1382,744

10995811515012362

34024399

3193

2233,9271,584

20, 7184,116

6963,420

11,1035,0752,4242,721

8832,617

1,17551

862262

917, 78077,956

258,087581,737285,221

31,80712,92566, 397

174. 092

604253

6371

217

.326

.168

.0871.001

.0524.89.046.402.369.053.285.547.061.252.788

11, 502

- 3 9 939

151,371

153,933982, 304185, 768

6,391

8,906440

1,9432,165

99859270

773

1447

8661

28365

2113, 3131,045

20, 8134,113

6913,422

11,2635,1672,4482,760

8882,614

1,08436

807241

832, 37357,022

246, 589528, 762274, 450

25, 73010, 84074, 637

163, 243

.328

.169

.0871. 001

. 0524.92.045.402.371. 053.286.548.057.253.786

11, 686

7,21713

215,825

223,029981,565150, 404

6,397

8,364493550

2, 46514

588313

5656

14698

157131721

81104

3, 5681,288

20,9144,116

6893,427

11,3215,1912,4642,777

8892,614

1, 06639

789238

804, 68374, 766

239, 73349C,184247,640

25, 83010, 31954,556

156,935

.329

. 169

.0871.001.0524.94.048.402. 373. 053.288. 549.053.255.787

11,901

21,1964

155,366

181, 558970, 250236, 763

6,426

- . - . - . « Less than $1,000. 3 Largely nominal.§Quotations nominal beginning July 31,1936. No quotation from Sept. 22 to 30, and from Nov. 1 to 13,1936.AQuotations nominal through Apr. 1,1936.tOr increase in earmarked gold (—). •Or exports (—).c Discontinued by the reporting source.

<? Official rate.



Monthly statistics through December 1935, to-gether with explanatory notes and. referencesto the source of the data may be found in the1936 Supplement to the Survey

1937

June

1936


berDecem-

ber

1937


FINANCE—Continued

MONETARY STATISTICS-ContimiedSilver:

Exports . . . thous. of dol__Imports doPrice at Now York ___dol. per fine oz._Production, world thous. of fine oz._

Canada _ _ doMexico _ -_doUnited States do

Stocks refinery, end of month:United States. doCanada do.....

CORPORATION PROFITS

(Quarterly)

Federal Reserve Bank of New York:Industrial corporations, total (168 cos.)

mills, of doL.Autos, parts, and accessories (28cos.).doChemicals (13 cos.) doFood products and beverages (19 cos.).doMachinery and machine manufactures

(17 cos.) mills, of doL.Metals and mining (12 cos.) doOil (13 cos.)-— doSteel (11 cos.) doMiscellaneous (55 cos.) do

Telephones (net op. income) • doOther public utilities (net income) (53 cos.)

mills, of dol..Railways, class I (net income)! do

Standard Statistics Co., Inc.ttCombined index, unadjusted (161 cos.)

1926=100..Industrials (120 cos.) doRailroads (26 cos.)__ doUtilities (15 cos.) do

Combined index, adjusted (161 cos.)...doIndustrials (120 cos.) doRailroads (26 cos.)._ doUtilities (15 cos.).. do

PUBLIC FINANCE (FEDERAL)

Debt, gross, end of month mills, of doL.Obligations fully guaranteed by the U. S.

Government:Amount outstanding by agencies, total

mills, of dol._Federal Farm Mortgage Corporation.doHome Owners' Loan Corporation... .do . . . .Reconstruction Finance Corporation-do—

Expenditures, total (incl. emergency)thous. of doL.

Revenues, total doCustoms -doInternal revenue, total do

Income tax doTaxes from:

Admissions to theaters, etc doCapital stock transfers, etc doSales of produce (future delivery). doSales of radio sets, etc. do

Reconstruction Finance Corporation loans out-standing end of month:

Grand total thous. of doL.Section 5 as amended, total do . . . .

Bank and trust companies including re-ceivers thous. of doL.

B uilding and loan associations do . . . .Insurance companies doMortgage loan companies doRailroads incl. receivers do..._All other under section 5 do

Total Emergency Relief Construction Act,as amended .thous. of dol__

Self-liquidating projects . . .doFinancing of exports of agricultural sur-

pluses - thous. of doL.Financing of agricultural commodities

and livestock thous. of dol._Amounts made available for relief and

work relief thous. of doL.Total, Bank Conservation Act, as amended

thous. of doL.Other loans and authorizations do

2446,025

.448

*> 117. 5p 145. 0*20. 0

* 123. 9P 112. 4P 133. 8

P 28. 6p 126. 2

36, 425

4, 6841,4223, 012

250

1,386,931966, 905

41,716827, 4S3556, 946

1, 8751, 556

454395

2,033,375662, 594

163, SCO2, 0763, 703

121,177354, 320

17, 518

f>51, 725219, 903

47

48, 695

283, 030

613,943205,113

19723, 981

.44821, 3741,4507,1575,293

1,151

269.2123.741.420.1

10.93.0

15.625.329.257.3

47.64.2

88.8108. 6

9.3106. 583.797.417.9

108.8

33,779

4,7181, 4223,044

252

2,406,077564>16732,122

478,229303, 087

1,5321, 565

185423

2,421,604818,426

258, 2874,0265,115

123,175388, 432

39, 391

628, 682168, 489

47

163,732

296,414

821, 704152, 792

1386,574

.44820,008

1. 6626, 4574, 616

1,101345

33,444

4,7241,4223, 050

252

457, 656322, 72631,580

288, 32740,118

1,5681,654

283596

2,226,026769, 261

246, 5233,8144,972

124, 864350, 841

38, 247

564, 487174, 249

47

296, 414

722,910169, 368

14316, 637

.44821, 504

1,5437, 8504, 733

1,535317

33, 380

4,6691,4222,995

252

657, 703366, 426

34, 763254, 026

29, 656

1,3842,346

511496

2,215,165763,294

236,8603, 6534,890

129,632350; 948

37,311

570, 670180, 045

94, 355

296, 223

706, 395174, 806

2048, 363

.44821, 846

1,7267,0785,524

779545

217.254.742.624.3

10.83.5

18.428.534.456.4

44.466.5

80.089.929.6

103.375.683.7

7.9117.2

33, 833

4,6671,4222,993

252

712, 560528,129

35, 554467, 642284,421

1, 6701,932

457683

2,205,564748,411

226, 4513,3784, 429

129,108349, 261

35, 784

577, 607184,418

47

97,147

295,995

702,151177, 395

26, 931.448

21,6142, 0835,4176,391

1,247510

33, 833

2,201,209739, 643

218, 8892,9024,284

128,368353,810

31, 390

584.069189,068

47

99,195

295,759

695,987181, 510

4114,451

.45421,339

1,3576,4005, 561

985403

33,794

4,6671, 4222, 993

252

739, 979301,96841,342

199, 21831, 634

1,7972,182

309869

412

591259

35176

662422988252

016963452526

28,034

1 6062, 954

271640

2,181,322718, 680

208,6692, 7144,147

127,439345,19030, 521

587, 863192, 516

47

99, 643

295,657

691,987182, 792

2362,267

.45419, 5941,6193,7486,165

1,0501,023

283.597.250.922.4

11.36.3

13.039.243.269.2

55.2126.0

109. 3115.155.0

154. 5112.7127.041.8

146.1

34, 407

' 4. 6621,422

' 2,988252

684,821552, 607

38,698478,633281,178

2,1953,178

325906

2,168,160712,982

201, 4322, 4834,030

131,181345,980

27, 876

588, 997193,252

47

100, 043

295, 655

684,046182,135

6122,846

.44923,223

1, 2528,7655,409

1,3471, 512

34, 502

r 4, 6621,422

' 2,988252

607, 418320,03440,518

207, 48345, 246

1,5063, 367

423

2,174,006699, 545

191,5242,3694,015

130,345345, 50225,790

630,045198,339

47

136,305

295,354

663.171181,245

34, 601

' 4, 6621,422

' 2,988'252

645, 053330,310

41, 726237, 82664,035

1,4733,743

506465

2,145,957690, 932

184, 5302,2143, 935

129, 710345, 44725,096

630,918204,839

47

130, 678

295, 354

640, 363183, 744

3465,589.451

22,6121,6617,5095,488

821507

250.669.137.016.5

14.27.2

14.551.640.559.9

53.614.1

*>88.3p 103.0

'5 .5p 131.1

p 108. 5P 3 1 . 8

P 123. 3

34, 728

' 4, 6621,422

r 2,988'251

971,6631,120,513

52, 503934,555689,003

1,5393, 045

392361

2,064,942668, 585

178,3162,0963,863

126, 330340,367

17, 613

576,983206, 607

47

81,101

289, 228

629, 522189.. 852

4685,821.455

), 5051,346), 7315,431

766929

34, 941

4,6751,4223,002'250

784, 813423, 886

46, 252300, 380

55, 444

1,5903,226

527332

2,045,756664, 670

173, 0932, 2483,844

122, 057345, 08418,344

559, 248213, 067

47

56, 906

289,228

624, 077197, 761

3413,165.450

1,467

~5~280

1,303808

35,213

4,6591,4222,987

250

624, 015392,50946, 252

281, 05842, 949

1,5372,169

639329

2, 028, 897656, 445

167, 3882,0723,820

120,467344, 823

17, 875

551, 431216, 576

47

51, 726

283, 082

619,840201,181

•Number varies. » Preliminary.1 Figures shown on p. 54 of the 1936 Supplement are in thousands of dollars instead of in millions as the box head indicates.fData revised for 1935 and 1936. Revisions not shown on p. 34 of the May 1937 Survey will appear in a subsequent issue.

' Revised.


August 1937 SURVEY OF CUREENT BUSINESS 35


1937

June

1936


berDecem-

ber

1937


FINANCE—Continued

CAPITAL FLOTATIONS |

New Security Registrations

New securities effectively registered with theSecurities and Exchange Commission:

Issues, total number.-Common stock doPreferred stock doCertificates of participation, etc doSecured bonds doDebentures and short-term notes do

Estimated gross proceeds, totalthous. of doL-

Common stock ..doPreferred stock doCertificates of participation, etc doSecured bonds doDebentures and short-term notes do

Securities Issued

(Commercial and Financial Chronicle)

Amount, al) issuesf -thous. of dol..Domestic ssues f -.do

Foreign issues doCorporate, total do

Industrial _ -doInvestment trusts .___ doLand, buildings, etc., total do

Long term issues __doApartments and hotels doOffice and commercial _do

Public utilities doRailroads - doMiscellaneous. do

Farm loan and Gov't agencies doMunicipal, States, etcf -- . . .do

Purpose of issue:New capital, totaLf _.do

Domestic, totalf _ doCorporate doFarm loan and Gov't agencies. doMunicipal, State, etc.j --doForeign do

Refunding, totalf - doCorporate do

Type of securities (all issues):Bonds and notes, totalf. do

Corporate doStocks do

(Bond Buyer)

State and municipal issues:Permanent (long term) thous. of dol_.Temporary (short term)__ do

COMMODITY MARKETS

Volume of trading in grain futures:Wheat thous. of bu_.Corn _do

SECURITY MARKETS

BondsPrices:

Average price of all listed bonds (N. Y. S. E.)dollars _.

Domestic doForeign _.do

Domestic (Dow-Jones) (40 bonds)percent of par 4% bond..

Industrials (10 bonds) - doPublic utilities (10 bonds)—. -_doRails, high grade (10 bonds) doRails, second grade (10 bonds) do. . . .

Domestic (Stand. Stat.)Corporate (45 bonds)-.,-....- dollars-..Municipal (15 bonds) _ do

U. S. Government (Stand. Stat.):7 bonds do

Sales (Securities and Exchange Commission):Total on all exchanges:

Market value thous. of dol._Par value - _.do

On New York Stock Exchange:Market value thous. of doL.

Par value _ do_.Sales on N. Y. S. E., exclusive of stopped sales

(Dow-Jones):Par value:

Total. . . - —thous. of dol.JLiberty and Treasury bonds do

8143101396

369, 06567, 05578, 59216, 983136, 34070, 095

559, 650559, 650

0418, 288188, 647

03, 4453, 445

00

155, 32415, 41055, 46230, 000111,362

359, 208359, 208268, 946

090, 261

0200, 442149,341

467, 222325,86092, 428

107,35984, 453

1,544,605324, 350

92.9895. 8469. 11

05. 56105. 4093. 39123.6973. 62

101. 1117.9

108. 3

174, 732210,859

146, 794178, 416

989, 437800, 000

1044019161415

523, 439120, 48777, 3171,300

159, 700165,636

733, 407733, 407

0527, 630199,653

01,903

000

185,336106,79533,94394, 429111,348

217, 686217, 686151,8741,000

' 84, 8120

515, 720375, 756

654, 221448,44479,186

118,09291,889

768,278148,124

94. 2497. 6367.87

96.11102. 0998. 69127. 1572.31

102. 6116.9

110. 4

283, 772332, 383

231, 088271, 044

2,586,3142,135,000

1104714

362, 92584, 06615,13132,898170,98759, 843

338, 779338, 779

0294,39349,0507,1251,000

000

149,80449,69037,7242,08042, 306

103,164103,16469, 809

033, 355

0235,614224,583

305, 580261,19433,199

43, 93422, 746

1,328,691415,816

94.7898.1968. 39

97. 35103.6898. 86126. 5874. 45

102. 4117.4

110.3

292, 443350, 594

238, 071287, 510

291, 6500

794616674

286, 02292, 75035, 7284,66045, 634107, 250

297, 258297,258

0232,43816,001

0973000

43,47351, 500120,4927,80057, 020

218,074218,074170, 799

047, 275

079,18461,639

265, 993201,17331,265

67,44718,201

1,032,278395,058

95. 3998.8168.68

99.38104. 06100. 88126.9877.78

103. 0117.8

110.8

221,368275, 306

179, 534225, 927

224,9230

260, 08076,14029,27117, 212127, 9189,539

409, 462409,462

0250,05088,142

04,500

000

121,05024,47511,983

0159,402

179,487179, 48774,590

0104,895

0229,975175,460

364, 037204,62545, 425

159,48151, 748

662,183213,787

95.7999.2768.00

101.19105.18101. 55128. 3780.74

104.3118. 8

111.1

287,861378,520

240,020322, 466

1,087,961914,000

11459231014

526.330112, 77755, 64329, 245104, 752223,913

465, 771450, 77115,000381,40264, 462

06,320

000

264, 2889,15037,1821,00083,194

189, 512174, 51294, 885

079,45215,000276, 258271,517

393, 683309,31472,088

82,311

514, 893113,037

95.9299.4168.16

102. 59105. 62102. 22129.4983. 21

104.9119. 5

329, 488420, 739

274, 094353, 830

396,1970

67321110113

266,02647, 42130, 2017,192

159,03622,176

380, 934357, 43423. 500204,00491, 368

0100000

109,33716, 37946, 82028, 45464,816

158,071158,071109, 077

048,833

0222, 863129,927

358. 696241,76622, 238

75, 54422, 627

518,782230,599

97.01110. 5568.63

102. 70106.78102.17130.6882. 34

105.4122.1

293.709353, 380

246. 072297, 521

197,8350

124532792114

698,408167,12634, 53139, 548234,635222, 567

724, 220724, 220

0625,91288,8751,0003,249

000

395, 59449,23687,9582, 660

96, 998

265,850265, 850218, 206

048,994

0458,371407, 707

592, 927494, 619131, 294

92, 83889,120

1,164,158258,319

97. 35100. 7669.10

103.04107.41101. 68132. 3282.51

105.4124.8

112.3

317, 484446, 393

261, 214379,805

531,2090

30107184

429, 99085, 622134, 71911.082146, 50952,057

622,486537,48685,000305,973132, 641

25088188100

77, 73563,33631,13026,000205, 513

248, 526248, 526102,456

0146,070

0373,960203, 517

475, 509158, 996146,977

226, 23828,797

777,857199,166

96. 83100. 0569.78

102. 91107. 50101.32131.2882.75

106.3123.5

111.6

309, 610428, 010

255, 434365, 679

245, 3540

93431317146

491,400168, 47438, 21552, 249212, 56019, 902

522, 360423, 36099, 000354, 363131,313

017, 87317, 873

00

145, 68846, 63512, 85425, 20043, 798

168,188168,188129, 842

4,00034, 346

0354,173224, 521

382, 004214, 006140,357

42, 706133,475

775,898129,969

96. 6499. 8370.02

101.32105. 54100. 73126. 3882.22

105.4119.7

111.2

276, 698346, 260

234,188300, 608

225, 2930

11368191475

469, 907231, 006

36, 36416, 543

164, 46821, 527

381, 515381, 515

0318, 645

54, 4590

1,6061,606

00

161, 50073, 82327, 2574,067

58, 804

184, 594184, 594137, 589

047, 004

0196, 922181, 055

323, 799260, 929

57, 716

91, 31325, 077

1,170,136151, 721

93.8896. 8668.48

98. 86103. 7998.21

122. 7080.05

103.3116.9

109.1

438, 960494, 965

389,143442, 002

672, 927502, 000

1617835251211

288, 076139, 39749, 4979,167

52,19837, 818

287, 394252, 394

35, 000171, 762

66, 9540

690690

00

9, 50078,12716, 491

65679, 976

151,810151,810

85, 2270

66, 5830

135, 58486, 535

229, 299113, 667

58, 095

• 97, 30022, 057

1,245,324296, 282

93. 3396. 2768. 45

95. 81101.88

95. 17120. 4176.20

101.1114.8

107. 2

321, 274363, 730

279, 814318, 934

104,1850

54141037

238, 068114, 78934, 44211,1802,778

74, 879

260, 932260, 932

0165, 36481,139

0600600

00

52, 58025, 2205,825

44, 89150, 677

149, 747149, 74778,15328, 50043, 093

0111, 185

87, 210

208, 860113, 29252, 072

r 53, 99075, 555

923, 787223, 622

93. 8996. 7969. 30

96. 60104. 60

95. 90122. 29

75. 49

101. 7116.3

108. 0

206,518238, 348

176, 477204, 294

91, 7750

' Revised.t Revised series. For 1936 revisions see p. 35 of the March 1937 issue.




1937

June Juno July August

1936

Septem-ber October Novem-

berDecem-

ber

1937


FIN AN CE—Continued

SECURITY MARKETS-Continued

Bonds—Continued

Value, issues listed on N. Y. S. E.:Par, all issues mills, of doL.

Domestic issues. doForeign issues do

Market value, all issues doDomestic issues _ doForeign issues do

fields:Standard statistics:

Corporate issues (45 bonds) percent,.Industrials (15 bonds) doPublic utilities (15 bonds) doRailroads (15 bonds) do

Municipals (15 bonds) doBond Buyer domestic municipals (20 bonds)

percent..U. S. Treasury bonds.-., _ do

Cash Dividend Payments and Rates

Dividend payments (N .Y. Times):Total thous. of dol..

Industrials and misc doRailroads do

Dividend payments and rates (Moody's):Annual payments at current rates (600 com-

panies) mills, of dol..Number of shares, adjusted millions..Dividend rate per share (weighted average)

(600 cos.) dollars..Banks (21) doIndustrials (492 cos.) doInsurance (21 cos.) doPublic utilities (30 cos.) doRailroads (36 cos.) do

StocksPrices:

Dow-Jones:Industrials (30 stocks) dol. per share..Public utilities (20 stocks) doRailronrts (20 stocks) do

New York Times (50 stocks) doIndustrials (25 stocks). doRailroads (25 stocks).. do

Standard Statistics:Combined index (419 stocks) __ .1926= 100 _.

Industrials (347 stocks) doPublic utilities (40 stocks) . . . d o . . , .Railroads (32 stocks) do

Banks N. Y. (19 stocks) doFire insurance (18 stocks) do

Sales:Market value of shares sold (S. E. 0.):

On all registered exchanges, totalthous. of dol-.

On New York Stock Exchange doNumber of shares sold:

On all registered exchanges, total (S. E. C.)thous. of shares. .

On N. Y. S. E., total (S. E. C.) doExclusive of odd lot and stopped sales

(N. Y. Times) thous. of shares..Shares listed, N. Y. S. E.:

Market value all listed shares,.mills, of dol..Number of shares listed millions

fields (Moody's):Common stocks (200)*. percent..

Industrials (125 stocks)* _.. do. . .Rails (25 stocks)* do. . . .Utilities (25 stocks) * doBanks (15 stocks)* do. . . .Insurance (10 stocks)* . . . .do

Preferred stocks, Standard Statistics:Industrials, high grade (20) do

Stockholders (Common Stock)

American Tel. & Tel. Co., total number-Foreign do. . .

Pennsylvania Railroad Co., total. _do___Foreign clo .

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

47, 32142, 2085, 054

44, 00140,5093, 492

4.434. 5.14.284. 512.67

3.062. 64

342, 749312,10130, 648

1, 933. 7923.50

2.093. 072.082. 372.101.77

170.126.754. 3

125. 13208. 4641.81

113.6134. 091.353. 973. 288.7

993,772869, 953

38, 09927, 554

16, 413

54, 8821, 400

4.54.53.9

3.53. 8

5. IS

44,16439,1285,036

41,61938,2013,418

4.344.444.034.562.72

2.50

263, 830237, 65526,175

1, 397. 4923. 92

1.513.001.412.031.861.21

155. 232.347.0

124.28211.6936.88

105.6120. 6102.047.765. 095.2

1,164,147,002,190

43, 93731,897

21,428

50.9121,340

3.43.32.84.53.63.0

638, 6277,194

215, 4982, 954

161,4873, 20525. 33

649,8767, 804

223,8443, 087

177, 7583, 94122, 72

43,98138. 9475, 03441,68538,2423, 443

4.354.454.024.582.70

2. 952, 50

236,196215, 00321,193

1, 457. 2923. 94

1. 583.001.482.091. 951.21

162.334. 651. 5

130. 74221.1540.33

109. 2124. 3105. 850.772.196. 1

1,765,3911,526,176

64,72848, 272

34, 787

54, 067 54, 5321,341 J.344

44, 27939, 2415,038

42, 23638,7763,460

4.324.424.024.522.68

2.912.43

331,918317. 088

14, 830

1,517.4923. 94

1.643.001. 562. 091.961.21

165. 934.754.0

131. 55220. 56

42. 55

113.0128.4108.853.976.596. 5

45,21140,178

5, 03343, 30539,8833,422

4.244.404.004.332.62

2.862.41

231, 730226,642

5, 088

1,539.6923. 99

1.673.041.582. 131.991.21

167.834.555. 8

133.48222. 5444.42

114.1130. 2107. 7

55. 475.194.1

1,435,776 11,594,4111,248,924

50, 93737, 109

26, 564

3.4

1 43. 32. 9

5.03

3.53.42.44.43.23.0

5.02

,387,439

59, 62744, 535

30, 872

55,1051,318

3.53.52.44.63.33.1

5. 03

645, 4577, 54C

221 327^3.' 076173. 6333, 86623. 51

45, 01839,9885,031

43.18039,7513, 429

4.214.404.014.242. 58

2. 859 42

233,697226, 269

7, 428

1, 568. 2923. 99

1.703. 041.622.142.011.21

175. 035.158.7

138.39230. 4046.38

118.7136. 0109.158.475.393.8

2,241,4621,918,171

79, 99260, 019

43,998

58,5071,349

3.43.32.24.43.43.0

5.06

45, 02640, 0384,988

43, 68040, 2573,423

4.184.334.004.222.45

2.002.29

880,262814, 406

65, 856

1, 825. 6923.99

1.983.041.962.142.041. 55

182.134.956. 7

141.46238. 8844.04

124.2144.3108.957.970.496.1

46, 28041,3014,979

45, 05441,6133,441

4.184.304.004.242.31

2. 622.27

437, 541407, 957

29, 584

1,876.2923. 50

2.033.072.012. 212.091.77

ISO. 134.953. 9

136. 46231.1141.81

122.8142. 6110.654. 470.698. 3

46,59241, 6304, 961

45,11341,6513,462

4,134.294.024.092.38

2.742.29

233, 330212, 83720, 493

1, 884. 0923. 50

2.043.072.022.252.091.77

183.536. 455.1

139. 48235. 4143.56

126. 0146. 3113.255.678.998.7

2,530,464 2,358,956 -',663,0642,188.579 2,025,678

94, 29968, 306

50,470

60, 0201, 356

3.93.93.04.43.42.8

2,246,887

99,75671, 123

48,605

59, 878], 360

4.04.03. 54.63.43.0

4.99

641,1687, 382

218,7203. 055

170,4483,78113. 92

117,09781,687

58, 676

61,9121, 367

3.93.83 54.63. 1•i i

4.94

46,57241,5934,979

45, 00741,5213,486

4.194.364.094.132.57

2.902.31

358,909332, 40626, 503

1,886.9923. 50

2.043.072.022.252.091.77

188. 035. 057.4

138.67231. 7745.58

129.5151.7110.757.990.698.4

2,701,2262,332,408

107,06172,004

50, 255

62, 6181,374

3.83.83.34.72.83.1

46, 99442,0454,94944,11640, 7263,389

4.304.484.174.252.72

3.152.50

249,402244, 0&95,313

1, 885. 7923. 50

2.043.072.022.252.081.77

188.433.161.7

137.19225. 7348. 70

129.9152. 6105. 762.888.097.1

2,977,5702,628,767

117,43683, 720

50, 344

62, 4681,380

3.93.83.15.02.83.2

5.07

639, 227265

217, 0163,020

164,2713,13024.81

47,05842, 0954, 96343,92040,5253,395

4.444.614.234.462. 84

3. 092. 74

222, 278216,1376,141

1, 892. 2923. 50

2.053.072.032.422.071.77

179.330.759.5

130. 89215. 2346.56

124.5146.5100.760.181.491.7

2,052,3181,803,427

72,14052, 533

34,613

57, 9631, 387

4. 24. 23. 35.33.23.9

5.15

47,04542, 0864,959

44,17140, 7343,436

4.404. 524.234.442.76

3.042.67

521, 083495, 601

26,482

1,926.8923.50

2.093.072.082.422.081.77

173.128. 358.4

129. 41212. 9245.90

116.3136.794.157. 176.888.8

1,267,5431,113,925

43, 99231,336

18, 565

57, 3241,389

4.34.33.55.43.23.9

•New series. For data for period June 1929-July 1938, and a description of the series on yields of 200 common stocks, see p. 18 of the Sept. 1936 issue.




1937

June

193G


berDecem-

ber

1937


FOREIGN TRADE

INDEXESExports:

Total value, unadjusted.. 1923-25= 100_.Total value, adjusted do

U. S. merchandise, unadjusted:Quantity doValue doUnit value do

Imports:Total value, unadjusted doTotal value, adjusted do

Imports for consumption, unadjusted:Quantity 1923-25=100-Value doUnit value do

Exports of agricultural products, quantity:Total:

Unadjusted .1910-14= 100..Adjusted do

Total, excluding cotton:Unadjusted _ doAdjusted _ do

VALUE

Exports, incl. reexports thous. of dol-By grand divisions and countries:

Africa _ doAsia ond Oceania __.. -.do

Japan .—doEurope _ do

France -doGermany _ doItaly .doUnited Kingdom._ do

North America, northern doCanada do

North America, southern.- doMexico do

South America doArgentina . . .doBrazil _ doChile . .do

By economic classes (U. S. mdse. only):Total thous. of dol

Crude materials doCotton, unmanufactured do

Foodstuffs, total doFoodstuffs, crude -.doFoodstuffs, mfgd do

Fruits and preparations _doMeats and fats doWheat and flour do

Manufactures, semi.. . doManufactures, finished do

Autos and parts doGasoline doMachinery do

General imports, total doBy grand divisions and countries:

Africa doAsia and Oceania _—do

Japan ..._ doEurope do

France doGermany doItaly doUnited Kingdom do

North America, northern. doCanada do

North America, southern doMexico do

South America. doArgentina doBrazil _ _ _ _ _ . — do . . .Chile d o . . -

By economic classes (imports for consump-tion):

Total thous. of dol._Crude materials doFoodstuffs, crude. _ . . d o . . . .Foodstuffs, manufactured doManufactures, semi.. . doManufactures, finished do

2G5, 3G3

25G, 50342,00410.83515,9704,425

11,5454, 2253,2(392, 645

63,321135, 20829,7216,529

40, 814285, 946

278, 74292, 54741,61838,46258,87147,244

5962

1146153

184,908

8, 62838,76613. 62769, 4008, 8936, 5414, 299

27,06635, 49834,87516, 7895,800

15, 8284, 6623, 757

982

180, 60139, 31019, 70714, 5094, 402

10,1074, 1443, 9821,281

34, 10792, 67419, 1354,366

25, 962190,387

2,42560, 23611,08853,543

4,1635, SOI;2,904

14,54029,91729, 40924,214

4, 05220, 052

3, 0606, 9501,508

193, 62254, 61222,89336.06543, 05636,996

4754

724766

6065

1156254

27

179, 828

10, 56235, 72511,97564,462

6, 4487, 0412, 873

27, 38132,01631, 29617,8196, 83019, 2435, 9573, 5601,540

176, 39730,37910, 78815, 0363,77411, 2624,9524, 0881, 335

33, 28297, 70116, 9155, 03629.311194,114

2,80366, 09912, 18755,0494, 6577, 5702, 86114,30530, 99030,59419, 1494,044

20, 0243, 5977,2411,433

196. 51656, 02224, 52934, 72642, 66038, 579

4751

714766

6062

1176354

178,314

8,82833,57010, 76469, 9788, 4S45, 8402, 28533, 22332, 25131,51618, 5286, 34815, 1594, 1243, 5571,071

175,55638, 12712, 36019,6755, 72513, 9508, 7193,1351, 656

32, 28785, 46712, 3594, 98325, 178192, 375

3,16460, 84516,94857, 0895,7596, 0232, 48015,44436, 62030, 16112, 5153, 258

22, 1414, 1737, 6821, 667

200,09061,66328, 62727, 63040, 81441,356

58

865868

6770

1246855

63

220,149

9, 45143,65421, 32898, 93714.92910, 2132,868

47, 49832.14231, 49819, 3706, 38116, 5964,G463, 51.61,051

217, 53572,81938, 22123, 3495, 697

17, 65210, 4383,0132,424

31,86089, 50812, 4515, 495

27, 307215, 645

3, 58567, 73316,01766,2915,9057,2123,171

17, 52436,01534,99817,1033, 055

24,9186,5469, 4551,476

218, 37069, 43731,06333,14940,81743, 904

7057

1047068

6664

1236754

264, 740

10,91951,06526, 663122,69717,10210,9055, 699

59,51139,ISO38, 44221,4566,670

19, 4235, 2965,0321, 272

261, 9fi3100, 41858,40224,9237, 490

17, 43311,8313,4092,541

36, 66899,95315, 7664, 53431,760

212, 464

3,58161,18915, 93070, 7226, 8078, 7674,75618,54839,06838,53213,1663,691

24,7397,5858,7581,601

213, 20962, 75833,80227, 51240, 53648, 601

5952

896067

6161

1146355

225, 766

8, 20844, 20024,10098,23611,4109,5505,40143,83936, 53935,90519,7716,79918,8125,3204,8671,288

223, 32182,17346,96913,6974,3699,3284.5793, 5601,429

32,82694,62621,2185,307

26, 408196, 491

3,80053, 69815, 34064,6956,1656,5674,41616, 62538,77538, 33112,3773,43523,1467,5838,466980

200, 39161, 22630, 58227, 70540, 63840, 241

1357556

229, 739

12, 65141,18016,43399,86315,8088,9955, 907

40,62333,13732, 55622, 6167,723

20, 2916,3174,2371,579

226, 60567, 38340, 22013,1123,6449,4683, 7763, 3251,931

34, 901111, 20828,7693,993

30, 788244, 321

6,28466,80516, 42780,8907,1377,6164,812

26, 44339, 55039,01017, 6074,64033,1848,18111, 4622,520

239.83575, 38340, 22133, 03648, 96742, 228

5857

855969

7474

1257157

6457

4039

221, 550

10, 09449, 28122, 36488, 67713, 4927,0566, 633

35, 28231, 68731, 29722, 047

6, 96519, 763

5,3124,1621,668

217, 94960,58737,46113,0623,5989,4644,2632,9801,894

34,156110,14427, 5865,882

31, 532240, 396

7,57376,84317, 68367, 213

5, 8597,7174, 291

18, 45333, 97533,08922, 3615,088

32, 4318, 467

11,5342,898

228, 68277,04538, 72729, 64846, 53336, 729

6167

886270

8687

1408158

5862

3842

232, 504

10, 60449,81624,74595, 47413,1018,8826,071

38, 84731,92631,64324, 5917,877

20, 0935,9283,9791,554

229, 05054,41034, 06622, 5243,522

19, 0029, 9032,6241,815

37,937114,17925,9745,062

31,475277, 805

9,35092,11218,38273, 2096,8006, 3944,162

19,05630,81130,56827, 7875,509

44,53616.19910. 9995,119

260, 32090,93041, 39934, 92952,18740,875

6867

956871

9586

1559360

5657

3636

256, 390

10, 04961, 57929, 97197, 06012, 4409, 2926, 979

34, 03638, 26637, 63126, 5949,401

22, 8425,8395,3191,538

252, 26852,15234, 27217, 4754,100

13, 3755,5103,1511, 927

53, 005129, 63528, 8195,349

36, 985306, 699

11, 38995, 86317, 66080, 522

7, 5597,9783, 878

20, 60637, 62537, 09635,1256,981

46,17518,16610, 5455,110

295, 92891, 61645, 25152,16257, 85349, 046

7175

1007172

8982

1458861

4755

3436

269,170

13,54757, 79426,92899, 36212.23312, 3087,487

29,84046,01345,14628, 23410, 61624, 221

6, 6564, 7702,002

264, 85250,39328, 57216, 4964,143

12, 3534,9593,3202, 212

56,058141,90530, 791

5,37243, 547

287, 252

12, 55392,18820, 42373, 880

6, 5967, 5134,329

17, 35335, 32735,19834,9097,039

38,39511, 40810,0047,512

281, 71788, 68139, 54151,41054, 53547, 550

7681

1077772

8886

1418762

4453

3739

' 289,928

13, 46768, 90736,177

101, 90512,4667,0976,325

35, 50152, 00851,14427,1828, 879

26, 4587,7855, 9271,839

285, 08751, 99624, 64316,342

3, 58412, 7583,7273,9972,618

71, 752144,99733,169

6,76842, 252

285,038

9, 228100, 503

18, 24472,386

6, 2497,7144,375

18, 00236, 88936,47929, 2845,150

36, 74813, 7328,1815,469

278, 77791,80037,36247,09055,84746,679

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Express Operations

Operating revenue thous. of dol.Operating income _ do__.

Electric Street Railways

Fares, average, cash rate f. ___cents..Passengers carried thousands -Operating revenues..w thous. of dol—

7. 984772, 604

8, 435123

8.042758, 943

55, 553

8,323119

8.042720, 39653,553

8,371120

8.025704, 446

52, 612

fData revised for period July 1935-March 1937.r Revised.

See p. 37 of the June 1937 issue.

115

8.025737, 523

54, 701

8, 975120

8.025814, 254

59, 900

8,930124

8.025777,15757,047

10, 021125

8.025847, 775

62, 446

8,752130

8.025803, 62057,834

8,749129

7.991757,51855, 042

9,344135

7.991859, 898

62, 529

9,177130

7.991819, 95259,459

7.991815,109

59, 684


38 SUEVEY OF CURRENT BUSINESS August 1937


1937

June

1936


berDecem-

ber

1937


TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION-ContinuedSteam Railways

Freigbt-carloadings (Federal Reserve):!Combined index, unadjusted..1923-25= 100..

Coal doCoke doForest products doGrain and products doLivestock doMerchandise, 1. c. 1 do. . . .Ore__ _ doMiscellaneous _do

Combined index, adjusted doCoal doCoke doForest products doGrain and products doLivestock doMerchandise, 1. c. 1. doOre doMiscellaneous do

Freight-carloadings (A. A. R.):Total cars 1 - thousands..

Coal . . .doCoke doForest products doGrain and products -doLivestock doMerchandise, 1. c. 1 doOre -doMiscellaneous do

Freight-car surplus, total _ doBox cars.. doCoal cars do

Financial operations (Class I Railways):Operating revenues, total thous. of dol...

Freight.... doPassenger _ do

Operating expenses doNet railway operating income d o —Net income doOperating results:

Freight carried l-mjle_ .mils, of tons..Revenue per ton-mile cents—Passengers carried 1 mile millions—

Canals: Waterway TrafficGape Cod— thous. of short tons..New York State . . . . . do . . . .Panama, total. thous. of long tons..

In U. S. vessels..- doSt. Lawrence ..thous. of short tons..Sault Ste. Marie do.. . .Suez thous. of metric tons..Welland ...thous. of short tons..

Rivers:Allegheny _ »_.___do—Mississippi (Government barges) do....Monongahela do—Ohio (Pittsburgh district) do.._.

Clearances, vessels in foreign trade:Total thous. of net tons.

Foreign do—United States ___do—

TravelOperations on scheduled airlines:

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

Hotels:Average sale per occupied room dollars.Rooms occupied percent of total-Restaurant sales index 1929=100.

Foreign travel:Arrivals, U. S. citizens number.Departures, U. S. citizens do__.Emigrants __„_ do. . .Immigrants do—Passports issued do. . .

National Parks:|Visitors do. . .Automobiles do. . .

Pullman Co.:Revenue passengers carried thousands.Revenues, total.. thous. of dol.

COMMUNICATIONSTelephones: §

Operating revenues .thous. of dol.Station revenues do. . .Tolls, message do

Operating expenses _.do.__Net operating income do. . .Phones in service end of mo thousands.

Telegraphs and cables:Operating revenues thous. of dol.

Commercial telegraph tolls do._.Operating expenses do—Operating income do.-.

7233681929078768952744167113

2,9774433915G12344653293

1, 22f1377031

351, 704281,87838,510265, 57958, 940

301792

2, 6701,018l,3iO14,161

1, 660

288155

2,19bi, 089

7,0415,1071,934

650, 7095,811

47, 290110,842

3.1565100

31, 491

7361694877356613083737275457943657680

2,7874263313914047649202

1,1511709044

330, 621268, 47934, 830241,76550,2598,902

28, 7601.0231,941

228616

2,460989

1,2079,8351,9811,444

367155

2,4571,319

6,1344,1212, 013

701,1425, 62040, 25297,453

2.976493

21,03822,7322,5273,00831,305

311,39191, 575

1, 4304,705

89, 68057, 67324,11659,77819, 26815,111

10,5518,2448,5131,603

77657347117416613984

2,8264343513121252

628209

1,1251477737

349,744283,94439,187248,36661,77419,283

31.1441.0022, 261

258738

2, 450976997

10,9512,1501,322

405143

2, 5641,399

8,5644,4182,146

613, 8376,043

44, 364111,072

2.9861

30,34636,3612.7803, 57116, 980

655, 786182,958

1, 5165,019

91,12957, 68125,40662,13618,29815,549

10,5348, 2588,7181,399

7768715089466714185767886487446677683

3,7016054318121777828274

1,4761468130

350, 585283, 60239,321

246,29964,68120,857

32, 076.971

2,308

232605

2,3961,0581,06010,6992, 5541,366

404138

2,6231,461

6, 8864,6942,192

565, 3586,04643,109106,143

3.106191

61, 23057, 0673,0043,8918,198

622, 721175,090

1,5655,211

89, 57156, 72724,69259,96018, 85315, 622

10,1217,9178, 6161,088

8480835071577015195757787466344678685

3,06153139139127

663226

1,2641257123

357,207291,77236,356

248,55370,16626, 406

33, 049.964

2,064

8212, 5261,0541,13011,0412,1721,407

378127

2, 5691,425

6, 6684, 6062,061

652, 9305, 75643,510101, 239

3.096691

63,57548, 6932, 6124,6066,564

258,49577, 712

1, 5194,929

90, 66858,44124,09560, 92319, 27715, 762

10,3218,0108, 6081,300

8690874969656913497778287476946669086

4,09679153178161109856264

1, 6831126517

391,457326,05633,914261,21289, 85146,234

37,148. 8551,913

281722

2,463 i962 i

73596973928285965078496713390

3, 0136254513613177651113

1, 2361216323

358,548298, 22032, 083248,28572,41130,083

33, 865.9571, 798

1,38610, 7892,1721,646

428129

2, 6611,452

5, 9734, 2091,764

799, 2665,91344,411102, 917

3.146995

33,17636,2462,4365,1015,659

77,78324,926

1, 4694,959

93, 97960,78124, 98461,91022,14215,880

10,5648,1348, 6001,438

7171,747485999

7, 0942,3021,308

134129

2, 4.461,355

4,8813,6311, 249

751, 8905, 639

42, 89196, 019

3. 2865

16, 97322,9832,7083,8715,865

46, 12714,102

1, 3514,309

92, 39360, 28523, 84361, 36321, 27415,961

9. 8037, 5418,3101.070

779297467145662384838288548346699292

2,776625

4513213059

63233

1,119133

6530

372, 265299,231

39, 262257, 42470, 52049, 678

33, 980.963

2,164

2880

1, 539214

22373

2, 346232

260103

2, 6011,372

4, 3513, 2551,096

663, 7215,301

37,95282, 022

3.106091

19, 57321, 222

2, 6534,0826,104

43,71513,019

1,4974,772

96,63862,04626, 34063, 89123,82216,067

11, 8939,3269,8001.481

73899742654264267880788348734367

11790

3,317759

53149148

68764

491,322

1316426

331,685268, 651

37, 441253, 66438,437

d 4, 598

33,130. 898

2,030

3250

1, 856281

00

2,6890

12979

1,896854

4,1993,1561,043

554,0304,199

21, 37946, 012

3.127092

19,68621, 757

1, 8972, 9587,046

50, 30714,211

1,6055, 697

94, 27761,45724, 42061, 45320,77416,160

10, 3268. 0498,854

878

76911024964346627828277765170416811495

2,7786284814011745

64042

1,11711354

321,927264.16733i 016

244,14638, 359

32, 212.9081,797

01,840

46700

2, 3770

19389

2, 4961, 325

4, 2142,9971, 24S

500, 0044, 60026,10858, 008

3 226690

27, 68030; 6551, 4133, 2247, 716

40. 60811, 530

1, 3854, 973

91, 26360,13822, 65860, 30119,07216,259

9, 6537,4198, 441634

80929652623469299083879251684269

11494

3,003670

47151115

46682

441,249

1135817

377, 813313, 88134, 952

266, 27269,37924,461

36,651.938

1,921

3170

3,0161,255

00

2,7950

236131

2,6891,337

5,3843,8981,486

580,6025,486

34, 58474, 972

3.096889

33, 37030, 410

1,4223,720

15,151

59, 67317, 021

1, 4755,439

97,04962, 28626,15664,86220,04316, 375

11,3058,8179,1531.527

79688651633970

102948481

10249704369

24991

2, 955473

42148120

50690121

1, 310134

6332

351, 573288, 631

33, 733262,019

47, 8072, 667

32, 266.979

1, 856

286305

2, 6531,005

3914,6203,151

667

148172

1,998845

5,7314,1541,577

540,3105, 350

33, 13676,199

3.2471

107

30, 70825,4042,0854, 742

24, 7S4

73, 07922, 056

1,4195, 004

96,13362, 43225, 25963,95920,10616, 497

10, 4377, 9949,061

795

8066855558396918793

5364446913390

3,8985935219813668856383

1,6321478030

352, 614287, 91934,042

267, 29643,063

31,093

319577

2,9511,0771 24414,110

"1,623

314'1792,3971,237

6,2384,4951,744

591,0115,784

42, 01998,035

3.056797

23,16824, 5011,4125,03333, 202

172, 93851,391

1, 3644,660

96,41462, 55725, 29665, 03519, 15116, 604

10,5188,0839,335597

' Revised. d Deficit.^ Data for May, August, October 1936, January and May 1937 are for 5 weeks; other months, 4 weeks.§ While the number of telephone carriers reporting has varied somewhat, the coverage has shown very little change, and the series are comparable for all practical purposes,t Revised series. For freight-carloadings revisions for period 1919-36 see table 24, pp. 16 and 17 of the July 1937 issue. For data on revisions of National Parks for period

1919-36 see p . 20 of the December 1936 issue.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1937

June

1936


berDecem-

ber

1937


CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Alcohol, denatured:Consumption __thous. of wine gal..Production _ doStocks, end of month do

Alcohol, ethyl:Production thous. of proof gal..Stocks, warehoused, end of mo doWithdrawn for denaturing - ..doWithdrawn, tax paid _do

Methanol:Exports, refined_ gallons..Price, refined, wholesale (N. Y.)_dol. per gal..Production:

Crude (wood distilled) gallons..Synthetic _ do

Explosives, shipments thous. of lb__Sulphur production (quarterly):

Louisiana .-long tons..Texas _ .__ do

Sulphuric acid (fertilizer manufactures):Consumed in production of fertilizer

short tons..Price, wholesale, 66°, at works

dol. per short ton..Production short tons..Purchases:

From fertilizer manufacturers doFrom others _ _ do

Shipments:To fertilizer manufacturers., doTo others _ ..do

8,2338,3251,657

18, 65428, 46515,1732, 392

51,344.36

485,9432,263,507

29,427

FERTILIZERS

Consumption, Southern Statesthous. of short tons..

Exports, total long tons..Nitrogenous doPhosphate materials doPrepared fertilizers _do

Imports, total.. „ doNitrogenous do

Nitrate of soda doPhosphates doPotash _ do

Price, wholesale, nitrate of soda, 95 percent(N. Y.) dol. per cwt..

Superphosphate (bulk):Production short tons..Shipments to consumers doStocks, end of month do.. . .

per bbl.(500 1b.).

NAVAL STORES

Pine oil, production gallons..Rosin, gum:

Price, wholesale, " B " (N. Y.)..dolReceipts, net, 3 ports bbl.Stocks, 3 ports, end of month do

Rosin, wood:Production _ doStocks, end of month do

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

Turpentine, wood:Production doStocks, end of month _.do

OILS, FATS, AND BYPRODUCTS

Animal Fats and Byproducts and FishOils (Quarterly)

Animal fats:Consumption, factory thous. of lb..Production.. doStocks, end of quarter... doGreases:

Consumption, factory _ doProduction doStocks, end of quarter do

Lard compounds and substitutes:Production doStocks, end of quarter do. _

Fish oils:Consumption, factory doProduction _ doStocks, end of quarter do

Vegetable Oils and Products

Vegetable oils, total:Consumption, crude, factory (quarterly.)

thous. of lb..Exports doImports __doProduction (quarterly) _ Ido~.!Stocks end of quarter:

Crude doRefined do

16.00

115120, 301

12, 79284, 654

247122, 483

92, 31152, 57813, 6879,646

1.375

424,182

98, 076104, 307

63,428130, 502

.3927, 57973, 250

9,20815, 423

408135, 291

'7 ,351r 7,4542,707

«• 14, 72821, 300

r12, 6372,119

19, 496.38

413, 9301,863,405

31, 471

72, 022384,671

95,168

15.50122, 681

15, 43726, 922

18,12949, 744

84101,923

7,40089,691

15875,88858,86636,2164,6198,065

1.325

225, 48545,817721, 243

371, ©36

5.1297, 781156, 592

52, 41892,945

.4027, 418105,141

8,0937, 492

208, 694396, 857384, 249

46,61175, 20869, 354

349,86139,156

67, 33412, 006

147, 700

688, 802245

75, 455400, 555

628,160492, 852

6,1176,1012,666

17, 74425,04710, 5912,780

18, 090.38

384, 7511,950,82530, 484

99, 325

15.50121,166

29, 71221,111

22,10653, 351

44151, 08213,311123,950

51364,61935,3206,7731,77924,844

1.325

243,1629,510

770, 790

365, 784

5.83108,648173, 946

55,15179,128

.4229,810108, 550

8, 5237, 669

49084, 853

6,9496, 9272, 635

17,99827, 47512, 4582,529

48, 400.38

447, 4992,309,37732, 567

114, 521

15.50141, 501

30, 06523, 383

31, 22145, 962

61126, 8999,131

105, 539298

64, 51436, 2505,6404,480

19, 427

1.325

256, 79221,113

845, 381

415, 822

6.91101,939188,065

58, 57276,110

.4326,173113, 983

8,7858,019

40577, 886

8,4788,6042,756

16, 89326. 36315'. 2982, 359

34,976'.38

429, 5002,695,59134,151

73. 005436, 338

120, 370

15.50135, 717

32, 30422, 918

24,10351,118

145150, 75314, 470121, 554

79972, 38232, 6511,3832, 494

32, 310

1.325

•299,065127,378876,563

404,932

7.2395, 693194,883

57, 78977, 767

.4221,894114,127

8, 57810, 228

245. 453375'. 493358,645

53, 26582. 13964, 321

438, 60640, 619

77, 07482. 201155, 492

718, 747362

62, 429484, 565

551, 613288, 572

16,10315,0341,682

22,08618,84226, 2582 952

66,689.38

511,5413,278,052

36, 472

163,265

15.50169,814

43,43931,710

23,47756, 538

138173, 42637, 286127, 067

269167,05048,95819,5132,837

57, 967

1.375

369, 33572,254

985, 632

405, 527

7.2981,814194,175

57,80977, 718

.4118,533

113,702

8,73112, 634

39469, 228

12, 94612, 5841,311

20,17013, 36022,1613,215

30, 888.38

520, 7223,417,75537,453

175, 123

15.50176, 500

39, 20344, 523

27, 38857, 756

100123, 60912, 00499, 750

45099,00149,1262,6833, 951

40, 884

1.375

389,36932,137

1,117,011

404,105

8.2570, 372192, 780

58,02369, 936

.4314, 457

109, 955

8,86614, 840

1895,079

11,24311,0791,131

19, 9439,70219, 4563,315

146, 621.38

548,9822,009,95235,055

62,700513,286

180,560

15.50182, 217

43,84434, 272

37, 84044, 860

17868, 72112,10653, 393

119161,11267, 34529,4313,526

87, 983

1.375

393,60023, 502

1,133,640

413, 078

10.3271, 307190, 325

57, 26165, 416

.4711,620

105,431

9,10016,906

229,922463, 972402, 244

58, 41389, 33260, 731

432, 20944,930

82, 502123,684216,156

,114,164190

86,164962, 462

575, 893486, 208

6,7156,8101,509

18, 70714,03511, 5532,272

48, 891.37

525,0701,835,81527,894

164, 320

15.50176., 492

34, 20140, 372

38, 73947,169

41461,0028,006

49, 340173

199, 31280, 51352, 6335, 580

111,929

1.375

377,20035, 023

1,125,576

404, 052

10.9548, 861167, 947

GO, 62063,924

.485, 646

96,090

9, 63218,768

29082, 753

5,4105,4771,273

17, 57219,8219,3342,094

205,156.36

500,6851,849,302

28, 272

164, 880

15.50178, 979

24, 49435, 749

30, 55141, 864

74459. 28615, 40540, 418

122233, 207182,851105,7114, 104

33, 349

1.375

371,88209, 007

1,075,040

405, 042

9.9825. 296128,241

58. 06862; 392

.472, 004

So, 070

9. Ofil21,19G

300130,545

6,5346, 5421,275

19, 88325, 21811,2532,926

30,149.36

546, 6622,071,747

42, 838

53, 915475, 924

196,134

15. 50193, 979

24, 78247, 680

21,13750, 985

1,752106, 29723, 43077, 396

224260, 223181,21397, 97915, 75255,193

1.375

•430, 680•218,159'894,768

439,006

9.1327, 818

109, 057

60, 94775, 725

.444, 577

76, 986

9,84023, 535

239,164393. 281426, 008

65, 35681, 84556,166

357, 32846, 503

90,49628, 950218,106

989, 620747

89, 745783, 648

564, 757C55, 726

6,7167,1051,659

16, 82326, 65112, 3002,740

148,197

531, 7272,138,895

41, 870

172, 936

15.50180, 040

20, 20736,149

17, 60050, 239

1, 356122, 80315,47097,380

450253, 005200, 927137, 008

7, 80932, 951

1.375

376, 356203, 078644,530

429,182

8.2553,433105,132

01, 74294,311

.4114,08869, 802

9, 84020, 035

591113,895

7,5117, 4421,578

16, 93827, 42813,0132,684

72, 540.36

522,9612, 353,497

31,972

146, 301

15. 50176, 703

15, 99338, 569

35,14940, 692

160, 23415, 562

142, 037421

180,101130, 05085, 12112, 97213, 992

1.375

340, 532114,429649, 076

463,993

8.5183,76399, 931

02, 399113, 020

.4123, 37770,173

9, 63718, 325

048114, 089

' Revised.




1937

June

1936


berDecem-

ber

1937


CHEMICALS AND ALLIED PRODUCTS—Continued

OILS, FATS, AND BYPRODUCTS-Con.

Vegetable Oils and Products—Continued

Copra:Consumption, factory (quarterly)

short tonsImports doStocks, end of quarter - do

Coconut or copra oil:Consumption, factory:

Crude (quarterly) thous of lbRefined (quarterly) do

In oleomargarine doImports _ do . .Production (quarterly):

Crude - doRefined do

Stocks, end of quarter:Crude doRefined do

Cottonseed:Consumption (crush) short tons_.Receipts at mills doStocks at mills, end of mo do

Cottonseed cake and meal:Exports . _ _ doProduction doStocks at mills, end of mo - _ do .

Cottonseed oil, crude:Production thous. of lbStocks, end of month do. .

Cottonseed oil, refined:Consumption, factory (quarterly) do

In oleomargarine ._ _ doPrice, summer, yellow, prime (N. Y.)

dol. per lb_.Production thous. of lbStocks, end of month do »

Flaxseed:Imports thous. of buMinneapolis and Duluth:

Receipts. . __ doShipments doStocks, end of month do

Oil mills (quarterly):Consumption doStocks pnd of Quarter do

Price, wholesale, No. 1 (Mpls.)-.dol. per bu_.Production (crop est) thous of buStocks, Argentina, end of mo do

Linseed cake and meal:Exports thous. of lbShipments from Minneapolis . do

Linseed oil:Consumption, factory (quarterly)

thous of lbPrice, wholesale (N. Y.)._ dol. pe r lb . ."ProfJnpHon fnnarfprlv^ thoiis oflbShipments from Minneapolis . doStocks at factory, end of quarter do

Oleomargarine:Consumption (tax-paid withdrawals)

thous. of lb__Price, standard, uncolored (Chicago)

dol. per lb_.Production __thous. of lb._

Vegetable shortenings:Price, tierces (Chicago) ___doi. per l b . .

PAINTS

Paint, varnish, lacquer, and fillers:Total sales of manufacturers..thous. of dol..

Classified doIndustrial .-- - doTrade do

Unclassified . . . -doPlastic, cold-water paints, and calcimines:

Sales of manufacturers:Calcimines - dollars__Plastic paints doCold-water paints - do

CELLULOSE PLASTIC PRODUCTS

Nitro-cellulose, sheets* rods, and tubes:Production - thous. of lb -Shipments - do

Cellulose-acetate, sheets, rods, and tubes:Production thous. of lb._Shipments. do

ROOFINGDry roofing felt:

Production short tonsStocks, end of month do

Prepared roofing shipments:Total _ ..thous. of squares. .

Grit roll doShingles (all types) . - ._ doSmooth roll - do

25,822

5,61432, 677

70, 21130, 89345, 840

134,51573,169

22, 89421, 373

.10050, 105

517, 334

2,661

1,125516630

1.92« 7, 622

6, 693

70,7156,772

.111

8 314

26, 245

.14027,945

.130

39,83828,21312, 25315, 96011,624

1,5361,600

1,1131,043

21,98810,811

56, 44911, 63616,896

140, 35084,9049,736

14,820

72,04983, 629

129, 89416,074

40, 28324, 20836,049

3820,271

117,004

14,17037, 251

263, 5026,649

.09140, 443

408, 944

747

542181348

5,1682,222

1.77

5,906

25, 79415,104

84,129.095

100,11912,932

140, 666

22,549

.12525,834

.107

38,73626, 58710,79515,79212,149

306, 65654,817

158,285

1,1541,206

1,061850

21, 95610,479

2,361653795913

17,416

9,55433,835

36, 45522, 33221, 926

11518, 50065,053

11,05719,192

77612"

.09829, 637

318,873

117

255291285

2.06

6,299

20, 46912,891

.100

7,273

26,796

.12527,695

.117

33,91923, 39310, 28713.10610, 526

261,46249, 389

139, 565

1,2251,198

1,002746

20, 20910,583

2,509637784

1,088

14,789

11,74914, 273

102, 451252,834168,145

50646, 77445, 561

29, 78726, 547

"~7,"608~

.10122,725

237, 220

671

1,539665668

2.15

5,906

24,14011, 365

.103

5,106

31,805

.13430,351

.124

33, 38022, 3389,095

13, 24311,041

297, 87850, 267

133, 825

1,4631,501

1,1621,468

21, 8339,550

2,994783908

1,303

49,16424,93314,865

169,41693,64813, 96415, 689

63, 00495, 678

77,12114,241

592,820,258,890838, 379

549264,173126,014

176, 25692, 667

332,2169,081

.10292. 300

228,764

1,813

336318783

4,8172, 0S3

2.14

6,512

32, 5813,205

79,705.101

91,0983, 538

98,411

34, 426

.13833,711

.125

33,45022, 3389,564

12, 77411,112

292, 07147, 268

149,333

1,7871,532

1,2041,027

23. 0837,523

4,3061,1811,1192, 005

22,185

13, 61923, 500

748,126,178,322,274,173

999331,248190, 068

222, 294121, 398

"16," 042"

.099179, 721307,309

1.747

7033, 460

742

2.13

3,937

37, 62511,313

.096

3,086

35,144

.14035, 586

.120

34,04923,19210, 62812, 56410,857

279,19341, 672

138,903

1, 8081,648

1,4021,316

25, 9075,853

3,899998

1,1401,760

5,085

10, 27132, 712

686, 254791,036

1,377,955

827310, 738209, 660

203, 416143, 182

10, 373

.100183, 558385, 250

2,707

746264709

2.16

2,756

40. 40312, 229

.093

5,839

34, 365

.14034, 209

.120

28, 50320,03710, 01810,0198,466

222, 96535,90295,783

1,5941,420

1,4381,313

25, 6285,753

2,592633626

1,333

41, 7394,540

10, 671

143 56580, 67610,91629,186

53,14273,900

59 55115,458

656,240535, 511

1,258,226

160296,173214,731

195, 763142,021

333,09912, 689

.110108,381418,087

1,489

484310470

6,9312,8642.21

& 5, 9084,331

56,56910,068

78 114.090

131 8994,784

117,268

38, 806

.14238, 773

.130

29, 46519,75910, 2239,5369,705

251,06833, 89598,048

1,3981,479

1,2551,112

21,3616,381

1,462327385750

8,900

5,71339, 345

582,373209, 533885, 386

488251, 586224,460

175,942146, 396

" 13," 752"

.114167, 362460,448

1,139

36811

501

2.29

6,496

35, 4689,163

.101

5,319

34,025

.15030, 956

.137

30, 20220, 7269,080

11,6469,476

295,40532,091

119,937

1,7151, 501

853742

24, 5479,546

2,386516549

1,321

41,966

6,58721,643

417,753102, 577570,210

321191,874198, 768

129,311128,164

"I2,"9*n~

.110141,777529,781

3,727

1781

488

2.23

6,299

40,7667,256

.099

5,693

28,169

.15030, 638

.135

29. 74920, 257

9, 51810, 7399,492

302,41434, 768

135, 676

1,9761,687

1,2701,397

27,0316,228

3,589774785

2,030

47 58815, 19212, 517

12^ 64457 599

5,19717, 651

61,94566 228

62 71912,170

319, 88264, 086

314, 179

181144, 532138,668

99, 701100, 950

322, 39014, 043

.111134,254579,427

4, 084

74011

541

8,1753,048

2.20

7,874

61, 74112, 289

94,981.104

156,8777, 954

137, 472

35, 739

.15035, 994

.136

37,86626, 20312, 21413,98911,664

332, 59151, 533

130, 436

1,7951,639

1,6211, 764

31,0156, 324

2,329540587

1,202

4,669

4,09636,110

179, 00522, 439

157, 613

18584, 682

101,199

59, 42868,186

" 14," 789

.10692,139

586, 597

2,280

999

558

2.21

7,480

61, 78111,880

.113

8,428

32, 407

.15034, 349

.133

44, 50231,04312, 40218, 58113, 519

366, 04965, 321

221,917

1, 0921,628

1,4111,313

30, 9098,240

2,423521929974

17, 899

4, 09424, 280

111,30638, 85185, 158

14054, 24984, 223

35,87149, 139

" 12,557

.10554, 025

560, 704

3,662

1, 346827773

2.11

6, 299

74, 2099,586

.113

8,343

29, 726

.14928, 741

.129

43, 35530, 34612, 73417, 01213,010

357, 13154, 928

213, 159

1,6271, 450

1,1701, 099

27, 1009,711

2, 517010984924

b Dec. 1 estimate. • July 1 estimate.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1937 SUEVEY OF CUKRENT BUSINESS 41


1937

June

1936


berDecem-

ber

1937

January Febru-ary March April M a y

ELECTRIC POWER AND GAS

ELECTRIC POWEE

Production, total 1 mills, of kw.-hr_.By source:

Fuels 1 doWater power K.... _ do

By type of producer:Central stations 1 .doOther producers do

Sales to ultimate consumers, total (EdisonElectric Institute) mills, of kw.-hr..

Domestic service doCommercial—retail doCommercial—wholesale.- doMunicipal street lighting doRailroads, electrified steam doRailroads, street and interurban do

Revenues from sales to ultimate consumers(Edison Electric Institute) thous. of doL.

GAS

Manufactured gas: tCustomers, total thousands..

Domestic doHouse heating doIndustrial and commercial do

Sales to consumers mills, of cu. ft..Domestic doHouse heating doIndustrial and commercial do

Revenue from sales to consumersthous. of doL.

Domestic doHouse heating doIndustrial and commercial do

Natural gas: tCustomers, total thousands..

Domestic doIndustrial and commercial do

Sales to consumers- mills, of cu. ft..Domestic doIndustrial and commercial do

Revenues from sales to consumersthous. of dol-

Domestic doIndustrial and commercial do

10,066

6,3283,738

9,540526

9,160

5,8853,275

8,630530

7,2641,1441,2754,197

15974

346

164,007

9,6169,012

130464

27,25517,465

1,0218,622

29,02822,437

7655,721

6,5386,087

44984,38517, 59265, 805

25,84013, 50112,210

9,682

6,5373,144

9,121561

7,5191,1591,3174,36217199342

167,672

9,6419,041125464

25,16315. 967

6298,390

27,12120,956

4935,569

6,5366,093442

82,16614,34867,007

23.85711, 59712,132

9,814

6,7483,066

9,254560

7,7231,1801,3614,48718897340

9,6549,056127463

23, 74314, 939

4848,183

25, 74819,772

3985,467

6,5656,120444

84,73513, 25670,271

23,72210, 99212, 570

9,722

6,6953,027

9,178544

7,9101,2611,4024,540

19799338

175,597

9,7309,121

139462

25,75316, 682

5418,378

27,82421,583

4975,640

6,6106,162

44687,86913,98072, 637

24,66711, 45613,047

10,176

6,7753,401

9,641536

8,0931,3241,4214,574214 !110 j374 I

9,785

6,4243,362

9,182603

8,0001,4191,4594,315225112392

10,528

6,8793,649

9,910618

8,1541,4821,5014,298235124433

10,151

6,3153,835

9.556595

8,3591,6681, 6164,258218118410

9,247

5, 7623,485

10, 228

6,3823,846

8,690 9,626557

7,9731,5731,5344,11518495401

602

8,217 I1,425 i1,451 !4,553

181 !120 !414

r 5, 753r 4,115

r 9, 293575

8,2701, 4181, 4664,672

102HI367

179,972 183,066 ! 187,094 | 194.554 183,586 I 177,579 : 177,861

9,7629,142

155453

28, 86318,1561,5808,934

30, 21322, 9461,1845,959

6,6906,208

48095,10719,10574,956

28, 64514, 33014,172

9,7379,103

165460

30,82416, 3354,9659,323

30, 70021, 6392,6836,236

6,7846,268

514112,41030,40380,938

36,82720, 50116,165

9,7549,110

172462

33,85316, 5027,4589,660

32, 42521, 5794,1576,547

6,8056,282

521125,40940,98883,016

43,92626, 32817, 389

9,7699,131

161468

32,47017,3736,1348,750

31,96721,8343,7996,197

9,8029,162

366464

31,86016, 4436,1739,046

30, 72420,3964,0296,172

6,7546,236

514129,31247,15980,892

6,7646,251

512135,179

i, 152

9,8099,168

158470

32, 78716, 9935,8439,740

31,37920,9193,8606,458

6,8166,295

519127, 63342, 249

85,627 I 83,791

47,847 48,975 45,23430,088 I 30,525 | 27,16217,558 ! 18,162 j 17,841

9, 8589, 212

164471

33,05117,1915,244

10, 439

35, 50221, 6393,1386,585

6,7906,278

510125, 83239, 56384, 903

42, 67125,19417, 247

r 9, 972

'"5,621' 4, 352

9, 438r 534

8, 1141, 3231,3994,727147104346

174, 287

9,9379,288166470

30, 75816,8583,56110,169

30, 76622, 3031,9106,426

6,9116,410499

105,16826,45977, 242

34,13818, 70215,192

FOODSTUFFS AND TOBACCO

BEVERAGES

Fermented malt liquors:Consumption (tax-paid withdrawals)

thous. of bbl__Production doStocks, end of month . . do

Distilled spirits:Consumption, total (tax-paid withdrawals)

thous. of proof gaL.Whisky do

Production, total. _ doWhisky... d o . . . .

Stocks, total, end of month- doWhisky d o . . . .

Rectified spirits:Consumption (tax-paid withdrawals)

thous. of proof gal..

DAIRY PRODUCTSButter:

Consumption, apparent thous. of lb._Price, wholesale (N. Y.), (92-score)

dol. per lb._Production creamery (factory).thous. of lb._.Receipts, 5 markets _ doStocks, cold storage, creamery, end of month

thous. of lb_.Cheese:

Consumption, apparent doImports _ doPrice, No. 1 Amer. (N. Y.) dol. per lb__Production (factory).. thous. of lb__

American whole milk .doReceipts, 5 markets doStocks, cold storage, end of mo do

American whole milk do

6,0046,4379,570

5,9214, 519

18, 48615, 975

462, 608445, 286

2,437

.31193,21375,063

83,151

.17

"64," 707"17, 096

105. 33589, 163

' 5, 605' 6,080' 8, 659

5,229' 4, 287' 24,272' 22, 639310,804300,659

1,937

132, 596

.30188,54669,435

73, 816

76,1504,257

.1783,132' 66,87521,191' 85, 79870,282

6,6706,7918,525

5,8234,643

21,72019,994

325,990315,936

2,159

122,804

.34152, 00154,676

103,259

60,3705,463

.2063,92253, 03218,47997,40380,735

5,9385,7718,122

5,2004,27919,76317,824

339,820328,808

1,936

131,579

.36139,36344,792

112,106

53,8976,452

.2157,69344,45115,981107,54290,471

4,9855,1838,082

6,9315,952

23,69819,063

352,151341,264

2,783

135,667

.35131,86244,637

108,835

53,3315,796

.2055,38943,3,0712,098

114,99098,206

4,2494,0977,722

9,7248,202

27, 62520,299

364,023352,639

4,074

139, 245

.33135,14047,202

105, 368

59,3925,675

.1957.73844,96513,386

118,907102,847

3,6403,3997,319

11, 5679,643

22,97318,868

373,330361,318

4,858

131,760

.34113,98539,587

88,866

56,9535,881

.1846, 78633,15012, 524

114,70698, 975

3,8313,6656,945

10, 6098,907

25,18822, 289

387, 322374,629

5,044

3,0563,6577,407

5,3144,52821,10919,174

402.099388,416

2,123

137,441 124,930

.34108, 70339, 310

61, 234

53,0926,229.18

42, 62929, 61011,311110, 40095,418

.34103,90037,067

42,734

55,7455,022.18

41, 59927,42511,548102,11288,091

3,1403,5377, 660

6,8045,77914,20312,836

408,598394,947

125,872

.34100,97036,236

53,2024,697.18

39, 62227,17411,54593,11480,713

4,1765, 0548,345

7,0455,83522,38520,255422,883408,510

2,497 ! 2,907

135,993

.36119, 60442,896

61, 6756,347.18

47,55332,780U, 79085,216732,822

4,507

6,6425,450

2], 73419,119

437, 159421,546

3,238

130,997

.33129, 63644, 402

20,678 6,700 | 6,406

61, 8525,365

.1754, 44838, 29711,93983,09670, 584

5,1555, 6699,408

6,2025,139

20,17717, 986

450, 752434, 262

.32178,811

57, 352

' 22,904

3, 958.17

51,13811,401

r 85, 008r 71, 603

r Revised.fRevised series. Manufactured and natural gas revised for period 1929-36.IData revised for 1936. See p. 41 of the May 1937 issue.

For revisions see tables 20 and 21, pp. 19 and 20 of the May 1937 issue.




1937

June

1936

June July August ber Octoberber ber

1937

January! FeJ?™' I March April j May

FOODSTUFFS AND TOBACCO—Continued

DAIRY PRODUCTS-ContinuedCondensed and evaporated milk:

Production:Condensed (sweetened):

Bulk goods thous. oflb_Case goods do._.

Evaporated (unsweetened) do. . .Exports:

Condensed (sweetened) do. . .Evaporated (unsweetened) do. . .

Prices, wholesale (N. Y.) (case goods):Condensed (sweetened) dol. per case.Evaporated (unsweetened) do. . .

Stocks, manufacturers, end of month:Condensed (sweetened):

Bulk goods thous. of lb.Case goods- do. . .

Evaporated (unsweetened), case goodsthous. of lb.

Fluid milk:Consumption in oleomargarine do._.Production (Minneapolis and St. Paul)

thous. of lb.Receipts:

Boston (incl. cream) thous. of qt.Greater New York. ._do...

Powdered milk:Exports thous. of lb.Productionf... do._.Stocks, mfrs., end of mo do.-_

FRUITS AND VEGETABLES

Apples:Production (crop estimate) thous. of bu._Shipments, car-lotf no. of carloads..Stocks, cold storage, end of month

thous. of bbL.Citrus fruits, car-lotshipmentst.no. of carloads.Onions, car-lot shipmentst--- doPotatoes, white:

Price, wholesale (N. Y.) dol. per 100 lb . .Production (crop estimate) thous. of bu._Shipments, car-lott no. of carloads..

GRAIN AND PRODUCTS

Exports, principal grains, including flour andmeal thous. of bu._

Barley:Exports, including malt doPrice, wholesale, No. 2 (Mpls.):

Straight dol. per bu._Malting do

Production (crop estimate) thous. of bu__Receipts, principal markets doStocks, commercial, domestic, end of mo.

thous. of bu . -Corn:

Exports, including meal doGrindings doPrices, wholesale:

No. 3, yellow (Kansas City)-dol. per bu_.No. 3, white (Chicago) do

Production (crop estimate) thous. of bu._Receipts, principal m a r k e t s . . doShipments, principal markets doStocks, commercial, domestic, end of mo.

thous. of bu._Oats:

Exports, including oatmeal . . . . doPrice, wholesale, No. 3, white (Chicago)

dol. per bu._Production (crop estimate) thous. of bu._Receipts, principal markets doStocks, commercial, domestic, end of mo.

thous. of bu._Rice:

Exports pockets (100 lb.)_.Imports . . - . d o . . .Price, wholesale, head, clean (New Orleans)

dol. per l b . .Production (crop estimate) thous. of bu__Southern States (La., Tex., Ark., and

Tenn.) :Receipts, rough, at mills

thous. of bbl. (1621b.)..Shipments from mills, milled rice

thous. of pockets (100 lb.)__Stocks, domestic, rough and cleaned (in

terms of cleaned rice) end of monththous. of pockets (100 lb.)_.

California:Receipts, domestic rough . . .bags (100 l b . ) . .Shipments from mills, milled r i c e . . . d o .Stocks, rough and cleaned, end of mo.

bags (1001b.)-

' 25,107r i, 481

242, 981

1,3311,595

4.853.15

15, 35510, 920

302, 435

5,102

43,134

24834,30448,328

194, 328

8,8842,445

2.031'404, 229

29, 563

2,032

105

.81

.91243, 540

2,044

4,711

355, 728

1 221.18

' 2,571,85111,5124,710

5,380

79

1,111,2292,812

2,338

85, 343181,620

.038' 48, 716

149

502

1,741

213, 59074,202

482, 536

25,3684,210

252,973

465

4.853.15

14, 66411,275

186, 359

5,521

42, 051

16,550114, 657

42834,15032, 007

878

II, 3213,695

3.665

"18*627"

2,733

704

.64

.70

5,893

10, 571

2195,386

.62

.71

24, 21515,194

6,985

425

.28

6,200

31, 059

71397,490

.043

60

318

609

173,958154,060

227, 258

25, 0584,281

211, 299

1,828

4.853.28

13, 654

11,188

99, 638

5,258

32,18318,142

117,126

38327, 24229, 264

1,397

9,6321,037

2.456

"l4~553"

2,087

533

.87

.92

14, 2804,994

183, 428

2,118

4.853.40

12, 25011,116

102, 021

5,847

28,098

17,781115,060

31223, 90624, 809

1,066

5,992

9,850

1066,502

• .941.01

17, 61411, 926

4,316

59

.37

6,6131,517

1.863

"l2~418~

3,442

1,614

1.221.24

17,8814,567

185, 780

2042,904

4.853.40

12, 36312,109

160, 709

6,357

26, 245

16,149113, 031

29121, 87226,835

14,9253,380

188,840

931,633

4.853.40

11,233

11, 689

251, 751

6,732

27, 235

17,066114,971

32724,94530,612

7,775 15,923

16,583

15,343

82

1.151.24

15, 5697,711

4,537

.44

16, 863

38, 864

89062, 339

.043

20

287

342

120, 853152,324

15, 205

51, 861

6,124104, 099

.043

304

331

321

184,41871,676

120, 524 147,979

2,4807, 4583,418

1.795

" 167846"

4,844

1,006

1.301.28

9, 683

17,732

306,778

1.121.27

9,2134,375

4,325

.44

4,007

50,973

1,325121, 670

.042

1,375

754

962

259,027134,336

151,619

8,4829,0103,667

2.006

"22,"630"

3,036

461

1.291.32

9,584

20,012

645,615

1.121.10

8,7974,058

4,277

75

.42

11,3263,538

127,881

128

4.853.40

7,78710,190

278, 511

6,351

25, 447

17,141111,544

32220, 67933, 270

7,495

8,82914,7172,096

2.050

"l4~476~

1,573

198

1.271.28

5,625

20,541

215,525

1.141.07

17, 5595,268

8,185

65

.46

3,569 I

48, 639

17, 534120,830

.039

2,289

1,213

2,116

513, 65577,742

378,038

2,517

42, 571

52,12179,586

.039

1,761

1,110

2,839

379, 02834,985

676, 647

12, 5864,198

113,502

1891,489

4.853.30

5,6709,071

258,904

7,189

28, 609

16, 016113,935

21623,41735,171

117, 5065,169

7,45216, 4521,933

2.505'329, 997

14,942

1,806

19

1.291.32

-147,4524,741

18, 848

415,786

1.151.09

, 529,32718,2005,855

13,454

65

.50>789,100

3,753

37, 392

54,199181,638

.038k 46, 833

17, 4144,827

116, 230

174

4.853.30

16, 5354,027

123,441

2612,010

4.853.19

5,6857,124

208, 911

5,772

31, 743

16,128115,606

216 !23,15038,998 j

4,726

5,78718, 2612,540

2.881

" 17," 122'

1.321.33

3,179

14, 990

425,497

1.191.14

5,3534,958

176,912

5,385

31,000

14,553106, 972

28219,93339,906

4, 492

4,00415,4492,869

2.744

1,781

144

1.321.37

3,299

13,703

375,760

1.201.13

13,1625,652

15,080

64

.54

4,120

31, 066

103,852207, 204

.038

736 1,

9, 5674,692

13,901

78

.51

3,448

25, 807

130,507123, 495

.038

14, 9633,739

156, 762

226

4.853.15 |

5,5944,203

152, 575

6,774

36, 443

16, 054119,816

32624,63338, 881

3,647

2,45318, 4121,581

2.240

2,261 j

574 |

1.19

17,824 i 26,5563,664 : 4,972

178,244 i 247,838

1242,019

4.853.15

6,0034,400

161, 208

6,359

35, 352

15, 631118,158

40227,10137,109

2,994

1, 17613,5772,720 j

2.094

"i9"603"

4571, 946

4.853.15

'11,3998,669

' 242,390

5,244

42, 597

17,150128, 088

272r 36,145r 43, 129

1,640

40012, 60033961

1.708

2,808

12,154

476,219

1.231.22

.513

1.17(V j

2,104

93

1.141.28

2,713

8,448

207,180

1.371. 35

3. 332

5,873

306, 572

1.351.35

9,3045,428 4,778 i

12,381 j 6,697

75

.51

61

9,6503,745

4,316

82

.52

3, 581 4, 578

20,225 ! 11,785

33, 610163, 562

.040

4,836

5, 648

973

2,654

90,45147,150

190,290

1,327 j 1,109

3,178

416, 75698, 382

3,139

317,467265,629

714. 982 I 579, 552

31,

179,

896868

040

241

569

21, 440192, 394

.040

240

549

309

765

i2,721 j 2,393

431, 945250,402

99,216 l

67,471 ;

2,092

70, 24252, 737

523.512 513,927 j 463,584

0 No quotation.fc Dec. 1 estimate. r Revised. « July 1 estimate.t Revised series. For revision of production of powdered milk for 1935 see p. 90 of the 1936 Supplement. Data for 1936 on car-lot shipments revised. See p. 42 of the

May 1937 issue.




1937

June

1936

June July August Septem- October Novem-ber

Decem-ber

1937



GRAIN AND PRODUCTS-ContinuedRye:

Exports, including flour thous. of bu_.Price, wholesale, No. 2 (Mpls.).dol. per bu..Production (crop estimate) thous. of bu_.Receipts, principal markets doStocks, commercial, domestic, end of mo.

Wheat: thous. of bu.-Exports:

Wheat, including flour doWheat only... do

Prices, wholesale:No. 1, dark, northern, spring

Minneapolis dol. per bu_.No. 2, red, winter (St. Louis)_ do.. . .No. 2, hard, winter (K. C.) doWeighted av., 6 markets, all grades._do

Production (crop est.), total...thous. of bu..Si h t droduction (crop est.), total . . . tous. of bSpring wheat doWint h t dpginter wheat do

Receipts, principal markets doShipments, principal markets doStocks, end of month, world estimated

thous. of bu..Canada (Canadian wheat) doUnited States (domestic wheat) do

Held by mills (end of quarter)Wheat flour: thous. of bu..

Consumption (computed by Russell's)thous. of bbL.

Exports _ doGrindings of wheat thous. of bu..Prices, wholesale:

Standard Patents (Mpls.)_..dol. per bbL.Winter, straights (K. C.) do... .

Production:Flour, actual (Census) thous. of bbL.Flour, prorated, total (Russell's) doOn*aJ (Census) thous. of lb..

Operations, percent of capacity (Census)Stocks, total, end of month (computed by

Russell's) thous. of bbL.Held by mills (end of quarter) do

LIVESTOCKCattle and Chives:

Receipts tbous. of animals..Disposition:

Local slaughter doShipments, total... do

Stocker and feeder doPrice, wholesale, cattle, cornfed (Chicago)

dol. per 100 l b -Hogs:

Receipts thous. of animals..Disposition:

Local slaughter-_ doShipments, total do

Stocker and feeder doPrice, wholesale, heavy (Chicago)

dol. per 100 lb..Sheep and lambs:

Receipts thous. of animals..Disposition:

Local slaughter doShipments, total... do

Stocker and feeder.. doPrices, wholesale (Chicago):

Ewes dol. per 100 lb_.Lambs do

Total meats: MEATSConsumption, apparent mills, of lb_.Production (inspected slaughter) doStocks, cold storage, end of month do

Miscellaneous meats doBeef and veal:

Consumption, apparent thous. of lb_.Exports doPrice, wholesale, beef, fresh, native steers

(Chicago) dol. per lb..Production (inspected slaughter)

thous. of lb_.Stocks, cold storage, end of mo -do

Lamb and mutton:Consumption, apparent doProduction (inspected slaughter) doStocks, cold storage, end of month ..do

Pork (including lard):Consumption, apparent doExports, total _ do

Lard— doPrices, wholesale:

Hams, smoked (Chicago) dol. perlb..Lard, in tierces:

Prime, contract (N. Y.) do....Refined (Chicago) do....

Production (inspected slaughter), totalthous. of lb..

Lard _ doStocks, cold storage, end of month ..do

Fresh and cured doLard— do

59.99

50, 398495

1,442

1,754770

1.451.221.211.23

882,287218,646663,64119, 39111,175

36, 31411, 677

67,874

6.915.69

3,773

1,902

1,184703217

13.43

1,513

1,07543229

11.46

1, 879

1,022852133

4.2511.47

69

.208

456,71964, 542

54,3242,172

13,3778,288

.229

.123

.133

368, 508194,477766, 392580,825185, 567

.58

1,422

6,730

1,38226

1.24.95.96

14,81912,363

244,020123, 66423,161

62, 642

7, 694289

36, 637

6.284.73

7,8458,300

675,91448

5,6004,255

1,764

1,137610167

8.51

1,864

1,34851236

10.05

i, 859

961873108

1,0331,033

64157

502. 0181,110

.133

485,51841,222

48,10847,971

1,122

482,77218,88011,090

.240

.103

.113

499,06687,288

541,904435,130106,774

0.75

1,630

6.080

1,38926

1.361.061.111.10

84, 22227,210

275,13196, 65267,305

10, 064290

43, 660

6.785.23

9,41610, 244

793,51058

5,500

1,881

1,179697240

8.70

1,915

1,347562

57

10.11

2,022

1,0061,014

152

1,0401,066

66562

523,5221,302

.138

518,40042,914

49,44849,8331,478

467,49816,8117,481

.252

.110

.119

497,95682,952558,987441,961117,026

0.83

1,540

6,674

1,657222

1.471.171.221.27

29,49518,214

293,970100, 70481,048

11, 250305

42,087

7.215.64

9,14811, 652

758, 32256

5,600

0.87

1,658

6,515

2,415487

1.461.191.221.25

10, 62110,658

315, 760126,37882,849

153,521

8,198410

40, 055

5.67

8,7089,182

723, 97856

6,5004,677

2,216

1,322848319

9.00

1,747

1,16657291

10.82

2,287

1,0111,2713433.318.86

1,00199767173

528,3981,790

.143

542,24964,255

50, 81552,0012,634

422,12512, 2246,045

.256

.122

.129

403,19864,362531,409420,848110,561

0.85

1,375

6,209

2,436926

1.481.211.221.29

15, 23713,978

305, 590117, 41276, 423

9,631321

41, 770

7.065.57

9,1209,831

749,12154

6,000

2,264 | 2,439

1,339 I928 I380 I

9.52 |

1,939 |

1,26367394

10.25

2,766

1,1261,597480 [

3.368.91

1,0751,02962575

558, 6781,483

.145

571,78782,806

60,11660,8943,374

455,96012,0837,856

.246

.118

.126

396,37159,627463,404361, 608101,796

1,3681,060

516

9.91

2,613

1,782830

62

10.00

2,871

1,1911,7237213.498.50

1.92

1,1951,21063877

580,9041,536

.150

595,095104,961

65,06867, 6545,930

549,32414, 78410,454

.225

.117

.125

546,90780, 568449,698354,95094, 748

1,735

5,983

1.441.231.221.28

10,71210,945

292,87093,92470,314

8,510269

36, 844

6.845.49

8,0198,829

666, 24053

6,050

2,176

1,246893449

11.08

3,149

2,234900

41

9.67

2,149

1,0711,0833673.678.40

1,0591,24282895

466,1941,021

.163

510,943152, 769

58,90461,4438,450

534,07816,4849,563

.223

.119

.126

669,115103,020572,165463, 400108, 765

11.10

25, 5541,084

5,008

1,68150

1.591.351.341.39

b626, 461"107,4486519,01310, 38911, 601

312,48082, 62563,453

135,189

7,912358

37,832

7.265.94

8.2168,333

687, 72751

6,0964,686

1,811

1,145695

12.05

3,145

2,21693440

10.25

1,761

1,082692110

3.838.47

1, 0471,3371,149132

482.171960

.168

521,965193, 760

62, 69264, 55310,228

502, 45613, 6189,384

.226

.135

.139

750,815118,420812, 700666,891145,809

01.13

715

4,476

1,57633

1.661.401.381.44

7,7668,676

336, 50074,73752, 251

8.114328

37, 586

7.546.16

8,1808, 246

681, 27653

5, 900

01.11

334

3,980

1,522

1.591.431.371.39

1,691

1,107560184

12.91

2,500

1, 78571229

10.38

2, 063

1,200852115

5. 529.94

• 1,0081,1091, 245132

483,312

469, 582180,916

69, 30069,57010, 491

455,09812,3778,804

.225

.139

.144

570,17390,443

921, 231738, 522128,709

6,1167,089

316,77068, 01043, 709

7,924316

34,630

7.456.08

7,5368,038

628,00553

5,700

1,342

916419121

13.24

2,084

1,443638

28

10.18

1,591

9336615.77

10.. 06

860903

1,282126

11.09

737

3,215

1,56561

1.531.431.391.42

.227

.126

.131

464,29972,324

978,164775, 688202,476

7, 5927,512

288,22065,70036, 850

82,134

32038, 605

7.446.15

8.4028,274

697, 45150

5,5004,074

1,727

1,143564

184

14.06

2,2241,59561942

10.26

1,576

96062060

6.5911.49

1,0401,0061,240

117

401,174 i 484,6161,071 1,497

.183

384,817167,438

.192

453, 740142, 691

54,864 56,40654,162 53,8339,807 ! 7,174

404,334 | 499,0399,161 | 12,4874, 456 7, 324

» Dec. 1 estimate. 1 No quotation. • July 1 estimate.

.209

.127

.132

498.79476, 584

973, 004755, 777217,227

• Revised.

11.12

794

2,550

1,679137

1.561.441.401.41

8,9418,928

234, 72050, 68326, 253

32838, 468

7.266.02

8,3408,808

704, 61852

1,634

1,058569192

14.30

2,036

1,44858936

10.11

1,882

1, 05283092

6.2512.13

998957

1,1«199

484, 0411,528

.200

443, 712111, 653

56, 68854,1514,574

457, 43713, 7378,245

.214

.119

.128

458, 73468, 328

965, 798756, 354209, 444

1861.09

1,878

2,034

1,713395

1.461.321.321.32

7,62110, 629

184,15045, 64317, 088

36434, 892

6.9S5.95

7,542

642, 59549

1,751

1,0676(53239

13.00

1,526

1,074444

32

11.01

2,209

1,1211,088

136

6.0511.55

941813

r 1, 03083

444,9081,008

.200

412,061r 86,168

55, 74954,154

r 2, 950

439,93320, 05513, 565

.215

.121

.130

346, 41750, 732

• 858,134' 663, 657• 194, 477


44 SUEVEY OF CUKRENT BUSINESS August 1937

Monthly statistics through December 1935, to-gether with explanatory notes and referencesto the sources of the data'may be found in the1936 Supplement to the Survey

1937

June

1936


berDecem-

ber

1937

Janu-ary



POULTRY AND EGGSEggs:

Receipts, 5 markets thous. of cases..Stocks, cold storage, end of month:

Case thous. of cases__Frozen thous. of lb_.

Poultry:Receipts, 5 markets doStocks, cold storage, end of mo do

TROPICAL PRODUCTSCocoa:

Imports._. long tons..Price, spot, Accra (N. Y.) _dol. per l b . .Exports from the Gold Coast and Nigeria,

Africa. long tons..Coffee:

Clearances from Brazil, totaLthous. of bags..To United States__ do

Imports into United States .doPrice, wholesale, Rio No. 7 (N. Y.)

dol. per lb-_Receipts at ports, Brazil thous. of bags..Stocks, world total, incl. interior of Brazil,

end of month thous. of bags_.Visible supply, total, excl. interior of Brazil

thous. of bags..United States. do

Sugar:Raw sugar:

Cuba:Stocks, total, end of month

thous. of long tons..United States:

Meltings, 8 ports.__ ...long tons..Price, wholesale, 96° centrifugal (New

York) dol. per lb_.Receipts:

From Hawaii and Puerto Ricolong tons..

Imports -doStocks at refineries, end of month. _ do

Refined sugar (United States):Exports, including maple long tons..Price, retail, gran. (N. Y.) dol. per lb_.Price, wholesale, gran. (N. Y.) doReceipts:

From Hawaii & Puerto Rico..long tons_Imports:

From Cuba doFrom Philippine Islands do

Shipments, 2 ports 1 doStocks, end of month, 2 ports 1 do

Tea:Imports thous. of lb_.Price, wholesale, Formosa, fine (N. Y.)

dol. per lb- .Stocks in the United Kingdomf-thous. of lb._

MISCELLANEOUS FOOD PRODUCTS

Candy, sales by manufacturers..thous. of dol_.Fish:

Landings, fresh fish, prin. ports_thous. of lbSalmon, canned, shipments cases.-Stocks, total, cold storage, 15th of month

thous. of lb_.Gelatin, edible:*

Monthly report for 7 companies:Production _ -thous. of l b . .Shipments doStocks do

Quarterly report for 11 companies:Production thous. of lb_»Stocks _ do

Leaf:TOBACCO

Exports thous. of lb.Imports, unmnfrd., incl. scrap doProduction (cropestimate) . . do . . .Stocks, total, Incl. imported types, end of

quarter thous. of lb._Flue-cured, fire-cured, and air-cured-doCigar types do

Manufactured products:Consumption (tax-paid withdrawals):

Small cigarettes millions..Large cigars thousands-Manufactured tobacco and snuff

thous. of lb_.Exports, cigarettes thousands..Prices, wholesale:

Cigarettes dol. per 1,000..Cigars do.

1,701

8,528164, 796

21, 92777, 205

17,557.0740

10, 203

937499

1,032

.094915

1,133

1,707

317, 787

.034

153, 554219, 935305, 460

4,034.055.046

16,130

31,7557,905

7,373

.275148, 669

21, 814

48,169

1,3921,4615,690

6,1278,421

24, 0347,907

'1,420,943

14, 259472, 404

28, 730477,167

5.51346. 056

1,727

7,058111, 725

22, 74043,050

7,174.0617

14, 331

437940

.070947

28,918

8,1111,015

1,566

406,144

.037

158,756305,937402,960

3,545.054.049

16,445

37,5032,661

5,172

.275219, 049

20, 638

45, 572325,882

46, 230

1,2701,2436,328

5,6568.853

20,4775,815

2,175,2661,717,132371,956

14,009452,312

29,474366,128

5.38045.996

1,247

7,335115,485

22,68349, 220

15, 570.0641

20, 795

1,097568901

.0781,115

8,030903

1,375

371,268

.037

146,418268,453450,122

4,968.055.047

11,016

30, 2515,668

5,996

.275206, 567

12,064

44, 345565,701

62,551

1,228

20,8875,793

14,801482,448

31,326380,153

5.38045.996

7,006108, 614

26,40065,488

18,129.0667

20,158

1,174669904

.0821,016

7,884

1,209

307,639

.037

111, 968103,264390,794

5,971.055.047

2,189

17, 6152,108

6,312

.275217,461

17,603

45, 3901,195,502

76.076

4771,163

26,9465,977

13,430445,976

26,756452,731

5.38045.996

782

5,81796,660

27,58082,096

22,816.0750

17, 241

1,090603970

.0811,238

7, 754953

1,009

277,352

.036

128,439217,897323,843

5,647.054.047

4,896

21,5392,393

.275220, 958

30,033

42,8211,747,920

84, 698

7631,1145,042

3,7017,317

48,1676,231

2,146,6001,729,515342,766

14,342489,293

30,096371,146

5.38045.996

652

3,78882, 029

34,434104,981

23,012.0843

28, 074

1,192642920

.0811,124

7,905862

844

260, 661

.034

70,83982, 527273, 200

7,198.054.046

3,872

12, 7351,121

9,727

.275227, 395

31,163

45,092596,139

86.145

1,0781,2804,840

66, 2386,129

13,204551,114

32,046297,358

5.38045. 996

482

1,75566, 309

77, 297149, 391

22, 564.0954

38, 263

1,230684798

.0851,293

7,815690

741

230, 213

76, 682102, 207215, 500

5,185.052.046

1,116

8,10491

5,710

.275236, 037

30,328

41,12966,100

92, 702

1,417982

5,275

49,4534,697

11, 557489,180

26,611361,836

5.38045. 996

687

65151, 837

72, 999187, 887

40, 268.1134

54, 571

1,076

46939,104

23,122178, 304

28, 788.1221

47, 744

924

32234,390

17, 318157,858

26, 500. 1032

1,645

1,41353, 074

19,993120, 328

34,337.1143

57,266 | 49,211

1,447 1,289889 I 687

1,454687

1,370

.0391,459 I 1,437

31,421

7,822768

376

215,168

.038

45,15995,833123, 283

3,696.053.047

19, 5422,866

8,158

.275234, 464

30, 567

32,79245, 597

94, 695

1,2971,1755,397

5,3687,958

41, 4634,162

'1,153,083

2,209,8421,831,451313,607

13, 246371, 231

26, 302513, 538

948523

1,563

.0931,166

7,954851

230, 650

.039

50, 015189,647160,119

4,567.054.049

6,117

10,834590

1,233654

1,365

.0931,096

34,249

7, 993 8,016975

7,544

.275225, 444

1,336

313, 517

.036

117,279222,734220,147

2,221

510,489

.035

180, 985386,962168,499

6,137 6, 664. 055 .055. 049 .047

15,775 19,187

16,5832,966

9,370

.275205, 569

25,068 24,468

24,256 I 27,153352,432 1,198,620

87, 503

1,3861,1835,599

35,9215,877

13, 436356,996

25, 759463,017

5.380 5. 43545.996 45.996

I

69, 629

1,4451,3555,689

24,0526,057

91, 5464,623

9,567

.275189,496

26, 260

34,964860,551

51, 588

1,5511,7975,442

6,3118,200

26,7325,711

2,276,0381,812,288375, 306

12,328362,935

26,444499,483

5.51345.996

12, 792466,831

31,084488, 721

5.51346.020

2,009

4,40588,186

18, 56094, 888

33,181.0990

43, 036

5011,138

.0911,183

8,2871,079

2,187

554,121

.035

232, 622412, 827141,418

5,680.056.047

16,110

325, 49648, 208

.275174, 343

22, 940

35, 596313, 110

' 42, 957

1,5991,3425,699

24, 0017,908

12,210453, 008

30,028481, 754

5.51346.056

2,134r 7, 300

• 133,132

20, 260' 82, 340

22,165.0782

27, 364

935456925

.093886

8.0671,035

1,929

425,137

.034

234, 875326, 885242,055

7,736.056.047

18, 716

47,81413, 383

6,693

.275148, 013

20, 819

r 40, 589

1,4361,3775,759

29,1467,373

13, 070430, 628

27, 557510,511

5.51346. 056

••Revised, 6 Dec. 1 estimate. e Not available.*The quarterly report is complete for the industry; the new monthly data are for 7 companies. For data for period 1930-36, see table 8, p 20, of the February 1937 issue.t Revised series. Series revised for 1913-36. See table 32, p. 20 of this issue.i Discontinued by reporting source.• July 1 estimate.




1937

June

1936

June July August Septem-ber October ber

Decem-ber

1937


FUELS AND BYPRODUCTS

Anthracite: COALExports thous. of long tons..Prices, composite, chestnut:

Retail* dol. per short ton..Wholesale do

Productionf thous. of short tons..Shipments doStocks, end of month:

In producers' storage yards doIn selected retail dealers' yards

number of days' supply..Bituminous:

Industrial consumption, totalthous. of short tons..

Beehive coke ovens doByproduct coke ovens doCement mills doCoal-gas retorts doElectric power utilities doRailways (class I)._ doSteel and rolling mills doOther industrial. do

Other consumption:Vessels (bunker) thous. of long tons..Coal mine fuel thous. of short tons..

Exports thous. of long tons..Prices:

Retail, composite, 38 citiesdol. per short ton..

Wholesale:Mine run, composite.— doPrepared sizes, composite do

Production! thous. of short tons..Stocks, industrial and retail dealers, end of

month, total. thous. of short tons..Industrial, total do

Byproduct coke ovens doCement mills doCoal-gas retorts _ doElectric power utilities doRailways (class I)._. doSteel and rolling mills .doOther industrial do

Retail dealers, total . . .do

136

8.973v 4,471

4,040

929

93

27, 504439

5,788476122

3, 6506,661

9689,400

162263

1,388

4.3184.422

v 31, 560

43, 27837, 0787,770

429243

8,4007,1071,539

11, 590

COKEExports thous. oflongtons..Price, beehive, Connellsville (furnace)

dol. per short ton..Production:

Beehive thous. of short tons.Byproduct doPetroleum coke do

Stocks, end of month:Byproduct plants, total do

At furnace plants _ doAt merchant plants do

Petroleum coke _ _. do

1,843776

1,067

PETROLEUM AND PRODUCTS!Crude petroleum: i

Consumption (run to stills)...thous. of bbl__|Imports do ! 2,635Price (Kansas-Oklahoma) at wells

dol. perbbl..! 1.160Production _ thous. of bbl__jRefinery operations pet. of capacity.. |Stocks, end of month:

California:Heavy crude and fuel thous. of bbl__Light crude do

East of California, total doRefineries doTank farms and pipelines do

Wells completed number..Refined petroleum products:

Gas and fuel oils:Consumption:

Electric power plantst thous. of bbl__Railways (class I) doVessels (bunker) do j 3.395

Price, fuel oil (Oklahoma) ___dol. per bbL.i . 913Production:

Residual fuel oil thous. of bb!Gas oil and dist. fuels do ,

Stocks, end of month: |Residual fuel oil, east of California |

thous. of bbl-J . - . .Gas oil and dist. fuels do j

Gasoline: jConsumption, domestic thous. of bbL.jExports do | 2, 633Price, wholesale: :

Drums, delivered (New York) jdol. per gal..! (»)

Refinery (Oklahoma).._ do | .061Price, service station, 50 cities do j . 144

100

"9."327"4,3063,516

1,240

59

24,052148

5,325472154

3,1536,2551,0457,500

122260914

24,950177

5,332507148

3,5646,5011,0117,710

124283

1,035

4.289 4.2274.303 I 4.346

29,217 | 32,005

28,75322, 9534,565

250245

5,5484,351

8747,1205,800

126

9.9144,3343,783

55

64, 82535,476

258, 68551, 691

206,9941,521

64, 56434,123

253,96950, 469

203, 5001,583

1,3564,5221,868

.765

23, 67111, 201

20, 25526,414

39,9192,212

129

11.819.9054,9474,317

1,409

38

31,995417

6,242418157

3,7598,2291,283

11,490

132371494

8.53

4.2334.548

45,756

43,49935, 0268,535

263295

7,1626,8471,264

10,6608.473

44

3.938

2614,348

109

1,684487

1,197389

93,0513,001

1.04097,652

80

65,48134,189

246,40949,823

196, 5861,448

1,374 "4,8462,375

.775

25, 67011,875

18, 71822, 719

39,3931,768

.150

.058

.141

122

9.8274,0253,674

1,001

37

31,409435

6,262327157

3,5868,1401,222

11,280

128341344

4.2184.497

40,940

0)35,3908,031

307274

7,5707,3541,374

10,480( l)

27

4.000

2724,358

102

1,533464

1,069384

94,179945

1.12598,567

80

64,88433, 535

245,168• 39,008«206,160

1,580

1,7745,0772,540

.775

25,45313,319

18, 39219,088

33, 6962,505

.142

.057*!«• 1

107

9.8243,3683,042

531

26

30,146468

5,738302144

3,2137,7221,219

11, 340

106351392

4.2364.51042,110

46, 78538, 5748,687

357267

7,9228,5891,60211,1508,000

26

4.000

2923,991

921,307446861380

84,984

1,16093,173

79

63,76833,417248,47439,901208,5731, 366

1,3334,4222,829.844

22, 22211, 206

129

11.829.4154,7814,235

407

• 33, 293568

6,453'422' 152

' 3, 590' 8,404' 1, 374• 12, 330

113'427474

8.57

4.2354.490

51,315

0)• 45,153

9, 638'546'278

8,717• 11,056' 1,89813.020

24

4.131

3554,495107

1,254467787403

94,4002,199

1.160106, 724

79

62,11032. 969256, 50642, 360214,1461,815

1,2084,7203,186.870

25,08111,005

16, 803 16, 32518,211 16,724

32, 0002,356

.130

.058

.145

263

"8.7496,7365,981

174

31

30,452490

6,247450143

3,2947, 4721,22611,130

142217871

4.3014.49426, 010

39, 7218,544

464255

8.5048,2061,748

12,000

40, 5612,101

.130

.057

.145

29

4.481

3064,349

1021,473570903412

93,5732,512

1.160104, 979

81

61, 37433, 253263,13745,134218,003r 1, 937

'8984,4513,175.913

23, 89610, 674

15,94416, 889

43, 4092,322

.130

. 060

.146

172

8.9534,2073,791

419

49

29, 377520

6,434494140

3,2867,2201,153

10,130

163250

1,320

4.3064.436

29,980

0)38,1698,188

397249

8,4467,3911,588

11, 910

41

4,825

325* 4,479

110

r 1, 791'706

' 1,035399

100, 4522,635

1.160110,911

83

61, 68533, 373

266,86545, 885

220, 9802,192

'8154,3433,209.925

26,01511,158

17, 47318,451

45, 4842,771

).061.146

trie power revised for 1936. See p. 45 of the May 1937 issue.« Data on stocks of crude petroleum east of California revised in January 1937, certain stocks formerly included in "tank farms and pipe lines" being

•'refineries." December 1936 figures comparable with those shown for January 1937 are, refineries, 39,912; tank farms and pipe lines, 206,497.

ins not SLIOWU in the March 1937 issue will be published in a subse-Series on consumption of gas and fuel oil in the production of elec-

transferred to



Monthly statistics through December 1935, to-gether with explanatory notes and referencesto the sources of th» data may be found inthe 1936 Supplement to the Survey

1937

June

1936


berDecem-

ber

1937


FUELS AND BYPRODUCTS—Continued

PETROLEUM AND PRODUCTS—Con.Refined petroleum products—Continued.

Gasoline-^Continued.Production:

At natural gas plants thous. of bbl..At refineries _ do

Retail distribution^ thous. of gal..Stocks, end of month:

Finished gasoline, total.._thous. of bbl..At refineries-- do

Natural gasoline doKerosene:

Consumption, domestic thous. of bbl..Exports _ doPrice, water white 47, refinery, (Pennsyl-

vania)— _dol. per gal..Production thous. of bbl..Stocks, refinery, end of month_ do

Lubricants:Consumption, domestic doPrice, cylinder, refinery (Pennsylvania)

dol. per gal.Production thous, of bbl..Stocks, refinery, end of month.. do

Asphalt:Imports thous. of short tons..Production _. doStocks, refinery, end of month do

Wax:Production thous. of lb.Stocks, refinery, end of month do

.050

.195

3,21741, 612

,789,356

60, 51939,0505,829

3,075664

.0554,3787,296

1,969

.1542,5096,799

3407546

38,920117,362

3.35543,500

1,926,411

55,92235,062

5,846

3,019474

.0524,4558,228

2,123

.1552,6266,620

1426488

34, 720118, 257

3,50744,568

1,890,846

53,04033, 417

5,653

3,218607

.0494,297

1,851

.1552,6686,730

1491

35,000116,888

3,58444,024

1,815,342

51,39431,2304,945

4,305

.0504,4288,217

2,059

.1552,5676,544

468305

34,440113,359

3,83045,887

1,796,605

51, 23831,9364,555

4,370565

.0504,7127,976

1,911

.1512,6326,576

2475302

42,840113,049

3,81643,138

1,649,380

52,50933, 2424,153

4,943841

.0504,7886,966

1,938

.1502,6536,628

1344330

42,840119,307

3,96544,658

1,622,953

56,35337, 0574,055

6,148666

.0515,5005,633

1,821

.1552,7676,942

2244

41,160115,434

3,73243, 630

1,314,492

64,29344,1444,032

5,297

.0525,9235,622

1,763

.1602,6497,168

0226444

41, 720'107, 490

3,56540,782

1,306,303

71,45350,9194,290

4,226805

.0534,8665,443

1,518

.1732,7287,115

5184445

41, 720109, 012

3,90844,621

1,648,097

74,17152,8874,799

4,786437

.0535,1875,396

2,490

.1902,8636,771

5284497

41, 720104, 653

3,91144,475

1,718,236

73, 41951, 4745,292

4,465762

.0514,9075,047

2,224

.2003,0486,556

1330528

43,680100,275

3,98846, 769

72, 26948,1805,989

m4,150

652.050

5,3435,576

2,078

.2003,1416,478

4413547

47,320103, 614

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports, total hides and skins thous. of lb_.Calf and kip skins doCattle hides __doGoatskins doSheep and lamb skins do

Livestock (inspected slaughter):Calves __ thous. of animals..Cattle ___ _ do™.Hogs do—.Sheep _ do

Prices, wholesale (Chicago):Packers, heavy steers dol. per lb_.Calfskins, packers', 8 to 15 lb do . . . .

LEATHERExports:

Sole leather thous. of lb_.Upper leather thous. of sq. ft..

Production:Calf and kip thous. of skins..Cattle hides „ thous. of hides..Goat and kid thous. of skins..Sheep and lamb do

Prices, wholesale:Sole, oak, scoured backs (Boston)

dol. per lb_.Upper chrome calf B grade, black, composite

dol. per sq. ft..8tocks of cattle hides and leather, end of month,

total thous. of equiv. hides..In process and finished ___do—Raw__ do

29, 8331,196

10,41311,3234,842

579840

2,1101,425

.168

.216

1864,120

.430

.431

LEATHER MANUFACTURES

Gloves and mittens:Produc t ion (cut ) , total dozen p a i r s . . 228, 650

Dress and semidress do 142,299Work . d o . . . . 86,351

Shoes:Exports thous. of pairs.. 90Prices, wholesale, factory:

Men's black calf blucher..._dol. per pair.. 6.00Men's black calf oxford.. do 5.00Women's colored blucher do | 3.35

Production:!Total boots, shoes, and slippers

thous. of pairs.. 34,241Athletic d o . . . . 233All fabric (satin, canvas, etc.) do j 527Part fabric and part leather do 584High and low cut, total _do.._. 27,133

Boys' and youths' do h 499Infants' d o . . . . 2, 043Misses' and children's do i 2,913Men ' s . . - do 8,986Women's.- -do 4, 693

Slippers and moccasins for house wearthous. of pairs. _ 4,529

All other footwear do | 1,235

27,6901,434

13,1455,6905,989

517853

2,7391,309

.125

.177

1104,180

1,1991,6574,0552,849

.330

.378

17,94111,8746,067

203, 250126,40676,844

112

5.504.503.15

29,371209249246

23,5621,3111,6612,3797,574

10, 638

3,8011,304

26,0502,015

10,8696,4524,792

523928

2,6921,352

.124

.170

2414,846

1,2891,8343,9893,237

.330

.370

17, 68711,6766,011

220, 474139,17381,301

82

5.504.503.15

35, 678217144190

29, 5981,5611,6003,0658,724

14, 648

4,590938

23,0131,068

12,0045,0243,521

5411,0122,2541,395

.131

.174

1444,787

1,1581,8663,9003,391

.330

.372

17, 45611,4176,039

242, 741153,22989,512

103

5.504.503.15

40,668221147231

33,8511,5671,7203,4679,297

17,801

5,308911

22, 4421,9679,4295,1834,354

5531,6712,4031,593

.147

.172

1765,973

1,0511,8063,9473,059

.350

.378

17,19811,1186,080

245,115156,14088,975

149

5.504.503.15

40,975204165255

33, 2411,6031,8773,3999,546

16,815

6,146964

20,6171,5717,3255,5934,077

5851,1243,4921,742

.149

.177

3006,116

1,0832,0513,8623,692

.360

.379

17,19011,2455,945

274,853179, 56195, 292

134

5.504.503.15

39,916252229229

31,1521,7711,9693,388

10,07213,953

7,163891

23,8381,421

12,4654,3684,172

477988

4,2921,544

.153

.201

2964,872

9662,0073,6633,314

.370

.383

17, 43611, 5225,914

242,106152,62789,479

90

5.504.503.15

30, 343216303187

22,1711,3761,7532,6768,3817,984

6,628838

29,7222,393

14,1426,5524,705

494987

4,6811,573

.156

.215

1336,807

1,1802,1544,3153,494

.390

.399

17,17311,2945,879

206,559119,04987,510

83

5.504.503.15

33,381258239463

26,8411,4591,8903,1239,266

11,103

4,4491,131

23,3631,575

10,5545,7912,375

484867

3,5191,700

.162

.228

2646,385

9822,0943,8103,151

.400

.416

16,91311, 2145,699

183,109104, 52578,584

71

5.504.503.15

36, 867223541721

31,6281,4602,1233,4109,381

15,255

2,4351,318

27, 5001,725

11,6227,1434,291

437708

2,8421,315

.160

.213

2246,408

1,0352,0303,7433,163

.410

.419

16, 52311,1325,391

211,066133, 89777,169

137

5.604.693.23

39,362202

1,1872,224

31,4771,5002,2333,6529,901

14,190

2,8431,430

41,0962,345

17,14710, 7467,205

592825

3,0331,312

.166

.241

2935,960

1,1032,2344,3933,326

.418

.431

16, 29611,1645,132

225, 941140, 59285,349

153

5.604.813.25

45, 946259

1,4202,557

35,8651,7102,5373,987

11,23216, 399

4,0031,841

33, 6281,600

15,9818,6424,845

588802

2,8101,334

.172

.242

1915,793

1,1612,0954,230

' 3,519

.445

.442

r 15, 997' 11,148

4,849

230, 941143, 54487, 397

160

5.604.853.25

40,186252

1,1061,442

31, 4071,5512.3333,4189,951

14,153

4,1691,808

28, 7502, 5236,9419,5607,208

561-•745

2,099'1,371

M69.221

3305,001

1,0081,9674,1703,216

.450

.434

15,38810,9814,407

224, 581136, 82687. 755

114

6.005.003.25

f 35, 304r231

r 1, 070r 1, 097

f 27,335' 1,700' 1, 938' 2,987' 8,697

r 12,012

' 4,131r 1,439

* Revised. HNumber of States reporting varies slightly from month-to-month, but the comparability of the series is not seriously affected.° One company ceased reporting after December 1936. Figure for December 1936 comparable with January 1937 is 110,634.fRevised series. Production of boots and shoes, for 1936 revisions see p. 46 of the March 1937 issue. Series on retail distribution of gasoline revised for 1935 and 1936.

Revisions not shown on p. 46 of the May 1937 Survey will appear in a subsequent issue.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1937

June

1936


berDecem-

ber

1937

Janu-ary


LUMBER AND MANUFACTURES

LUMBER-ALL TYPES

Exports (boards, planks, etc.) M ft. b. m.National Lumber Mfgrs. Assn.f

Production, total mill. ft. b. m.Hardwoods doSoftwoods do___

Shipments, total „ do.__Hardwoods . doSoftwoods do—_

Stocks, gross, end of month, total doHardwoods do_._Softwoods do

Retail movement (yard):Ninth Federal Reserve District:

Sales _ M ft. b. m.Stocks, end of month do . . .

Tenth Federal Reserve District:Sales do__.Stocks, end of mon th . . do . . .

FLOORING

Maple, beech, and birch:Orders:

New M ft. b. m .Unfilled, end of month _do.__

Production d o . . .Shipments _ d o . . .Stocks, end of month d o . . .

Oak:Orders:

New d o . . .Unfilled, end of month do

Production do.Shipments do.Stocks, end of month do

S O F T W O O D SFir, Douglas:

Exports:Lumber . . M ft. b . m._Timber do

Prices, wholesale:*No. 1, common boards.dol. per M ft. b . m__Flooring, 1 x 4 , " B " and better, v. g.

dol. per M ft. b . m._Southern pine:f

Exports:Lumber M ft. b . m_.Timber do

Orders:New mill. ft. b . m .Unfilled, end of month do

Price, wholesale, flooringdol. per M ft. b . m__

Production mill. ft. b . m .Shipments doStocks, end of month do

Western pine:tOrders:

New doUnfilled, end of month do

Price, wholesale, Ponderosa pine, 1 x 8 no. 2,common (f. o. b. mills)-dol. per M ft. b . m__

Production mill. ft. b . m__Shipments _do.Stocks, end of month . do

West Coast woods iOrders:

New _._ mill. ft. b . m._Unfilled, end of month . . do

Production. _ doShipments doStocks, end of mon th . __do

Redwood, California:Orders:

New M ft. b . m_.Unfilled, end of month do

Production do .Shipments do .

107, 661

2,472337

2,1352,138

2741,8647,6561,8845,772

13, 24986, 035

2,87632,918

5,85013,8509,2008,80020,400

20, 45833, 68230, 63725, 48971, 894

FURNITUREAll 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..

Prices, wholesale:Beds, wooden 1926=100..Dining-room chairs, set of 6__ .doKitchen cabinets doLiving-room davenports do

Steel furniture (See Iron and Steel Section).

39,95937, 529

22. 050

44.100

26,8235,442

475334

44.69644500

2,026

365302

28.69570405

1,651

607591750803

29, 25156, 77944, 32640, 422

78.5

7.014

35

2975.0

14

82.498.487.695.4

83,255

2,052328

- 1,7251,972

3091,6637,1131,8455,268

' 13, 258'77,017

3,43732,459

6,50014, 6006,2007,850

22,350

30, 57627, 52332,03131,61762,069

27,33118,312

20.090

42.728

22,8266,358

561329

37.37586591

1,550

382324

23.82466384

1,577

469415513524

1,199

29,81339, 25138, 70037, 433

65.0

5.012

17

2158.0

11

67.584.083.587.5

95,230

2,218337

1,8812,056

3151,7427.2651,8665,399

11,82777,764

3,84031,894

7,05013,0007,0009,000

20,500

29, 46326, 86332,98030,12364,926

32,06323. 629

20.090

41.160

25,4635,137

604324

36.52634609

1,575

379335

23.78491381

1,687

572393594594

1,199

30,60337,17235,43430,992

68.0

3.523

25

2560.5

15

67.984.083.587.5

85,813

2,171348

1,8232,005

3311,6747,4191,8835,536

12,04274,909

4,13731,445

8,30012, 4007,9008,500

21,000

32,95329,40830,87230,40865,390

27, 67019, 456

19. 845

40.180

19,8364,224

693384

36.61628633

1,570

468361

23.79516397

1,806

558462515490

1,225

32, 20136,60838,93933, 477

74.0

3.021

30

2563.5

16

70.484.083.587.5

82, 409

2,151351

1,8002,122

3421,7817,4381,8765,562

12,84272,208

3,53631,349

10,10013, 6008,6009,000

21,000

40, 67136,64732,37833,43264,336

28,92031,776

19.502

40.064

19,9556,587

645374

37.29640655

1,555

428321

23.92477424

1,859

530452516539

1,202

34,42633,78138,92836,390

81.0

5.023

33

3073.0

18

71.184.083.587.5

89, 934

2,352351

2,0012,327

3561,9727,4631,8705,593

14,35567,785

4,64830, 756

7,40012,6009,0008,500

21,500

39,21041,92233,86433,93564, 265

21, 24822, 625

19. 600

41.160

24,7974,213

691374

38.31671691

1,535

455325

23.91471454

1,876

726520679658

1,223

34, 32733,00041,88433,814

86.0

5.020

33

3176.0

19

70.585.583.587.5

62,036

1,816314

1,5021,751

3401,4117,5121,8425,670

10,72663,934

3,99130,197

6,80012,9007,3507,050

22,500

56, 47168, 40531,75229,98866,029

2,5091,465

19. 600

41.160

25,3224,310

676409

38.59661641

1,555

393329

24.28365362

1,879

418661336277

1,282

32, 66839, 87334, 56425, 998

85.0

5.026

39

3078.5

17

71.785.583.588.9

51,803

1,827311

1,5161,899

3191,5817,4321,8165,616

4,78567, 976

3,40831, 299

15, 50019, 7008,1008,900

21, 700

41,58974,11635, 48935,87865, 640

3, 50562

20. 286

42. 532

17, 8225,573

796509

39.28671696

1,530

429442

24.46264351

1,792

642907444397

1,329

45, 01360, 50331,11924, 382

82.0

10.515

31

3177.0

19

76.085.583.588.9

63,169

1,571301

1,2701,813

3591,4547.6191,8955,724

4,26479,170

2,04732,079

8,90021,3007,3008,100

20,800

30,56965,83834,01238,84760,805

1,72352

20.825

43. 610

25,2655,163

696535

41.68584659

1,730

327445

25.77179314

1,657

4401,021

354326

1,357

48, 39381, 66335,10827, 622

81.5

5.029

44

3078.5

16

76.697.082.594.0

84, 644

1,597270

1,3272,051

3771,6747,1951,8105,385

2,76586,554

1,99032,811

9,60021,000

7, 6009,300

19,600

26,40957,85631,85334,39158,267

12, 7508, 522

21. 560

45.080

32,1844,978

612464

44.56595683

1,642

334423

26.80163311

1,509

424926422519

1,260

32,14280, 28134, 79133,435

81.5

5.518

40

3183.0

18

78.297.082.594.0

112,807

2,154332

1,8212,298

3591,9397,1081,8135,295

4,65289, 716

2,56633, 319

10, 34621, 0159,746

10, 34818, 757

29, 73751, 16639,00636, 42760, 846

31, 39719,811

21.854

45.080

25, 8136,941

570409

46.49675625

1, 692

411411

28.05297395

1,411

714908684732

1,211

39, 43774, 42139, 78343, 870

84.5

7.021

38

99, 663

2,168338

1,8302,169342

1,8277,1061,8105,296

6,919

32, 769

8,80320, 2249,9069,47519, 550

28, 39944, 31237, 37035, 25362, 763

31, 24811, 042

22. 050

45. 080

27, 7517,050

572391

46.22676590

1,778

448393

28.86392402

1, 401

643884599667

1,143

34, 57074, 64538,91136, 766

84.5

9.016

3384.0

20

78.297.087.694.0

3282.5

16

78.598.487.695.4

129, 315

'2,319327

1,9912,088'3071,7817,328

' 1,8265,502

10, 08288, 887

3,34633, 014

5,80017, 2008,3008,50019,800

24,85638, 71334,43830, 45566, 746

49,339

39,477

22. 050

45. 080

32,8136,766

529359

45.69665561

1,882

403359

28.91522437

1,486

531786637629

1,151

34. 74669, 88240,81138, (368

80.5

6.024

3078.0

15

78.598.487.695.4

r Revised.t Revised series. For 1935 and 1936 revisions, see table 16, total lumber and table 17, Southern pine and Western pine lumber, p. 20 of the April 1937 issue.• New series; for data for period 1922-36 see table 7, p. 19 of the February 1937 issue.1 Data for April, July,October ana December 1936 and March and June 1937 are for 5 weeks; other months, 4 weeks.




1937

June

1936


berDecem-

ber

1937

January Febru-ary March

1April i May

METALS AND MANUFACTURES

IRON AND STEELForeign trade, iron and steel:

Exports (domestic)__,. long tons.Imports do

Price, iron and steel, compositedol. per long ton..

Ore

Iron ore (Lake Superior dist.):Consumption by furnaces

thous. of long tons..Shipments from upper lake ports doReceipts:

Lake Erie ports and furnaces doOther lower lake ports do

Stocks, end of month, total doAt furnaces _ doLake Erie docks do

Imports . . .doManganese ore, imports (manganese content)

thous. of long tons..

Pig Iron and Iron Manufactures

Castings, malleable:Orders, new short tons..Production do

Percent of capacityShipments short tons..

Pig iron:Furnaces in blast, end of month:

Capacity long fons per day..Number j

Prices, wholesale: iBasic (valley furnace)...dol. per long ton..;Composite do iFoundry, no. 2, northern (Pitts.) i

dol. per long ton..!Production. thous. of long tons..!

Cast-iron boilers and radiators: jBoilers, round:

Production .thous. of lb. . |Shipments do iStocks, end of month— do |

Boilers, square: jProduction -do 1Shipments.. do •Stocks, end of month do—, i

Radiators:Convection type:

Sales, Incl. heating elements, cabinets,and grilles

thous. sq. ft. heating surface..Ordinary type: |

Production _ do jShipments do jStocks, end of mo do j

Boilers, range, galvanized: IOrders: !

New number of boilers..!Unfilled, end of mo., total do ;

Production do jShipments do jStocks, end of month ..do j

Boiler and pipe fittings: |Cast iron: j

Production short tons..|Shipments do j

Malleable: !Production . .do.Shipments do.

Sanitary Ware

Plumbing and heating equipment, wholesaleprice (8 pieces) dollars..

Porcelain enameled fiatwear:Orders, new, total . d o —

Signs .doTable tops . . .do . . . .

Shipments, total d o —Signs doTable tops. . . .do . . . .

39.82

4,64010,108

7,5622,293

24, 39521, 0663,329

198

33

43,14154, 026

64.856,921

105, 975181

23. 5024.06

25.893,108

1,8932,130

34, 278

20,19715,252

186, 531

4,5385,360

48,371

39, 21024,45349, 07652,12339, 724

7,4726,177

5, 6104, 350

Steel, Crude and Semimanufactured

Castings, steel:Orders, new, total. short tons..

Percent of capacityRailway specialties.. short tons..

Production, total doPercent of capacityRailway specialties.. short tons..

Ingots, steel: fProduction thous. of long tons..

Percent of capacity^Bars, steel, cold finished, shipments

short tons..

71.81760.2

31,460101, 239

84.944,462

4,18474

294, 95459, 910

32.79

3,763

4,6921,931

21,95417,9094,045

170

29

42,84843, 766

53.946,489

85, 405145

19.0019.96

21.392,586

3,3393,195

41,160

21, 62519, 523

143, 991

613

5,9315,590

40,179

73, 96727, 27974, 24272,92138,161

5,9816,132

4,1734,202

212.11

951,022284,068210,834978, 254284, 574234, 884

94. 34579.1

52, 46670, 323

59.030,802

3,97669

41,178

296, 74747,940

33.49

3,8267,160

5,0642,148

25, 21121,1944,017

198

21

41,03144, 413

53.346,158

83, 720146

19.0019.96

21.392,594

3,0663,905

40, 314

24,86729,200

139, 619

803

6,8218,027

39, 223

115,83464, 67180, 03678, 44239, 755

6,4147,690

4,2334,404

221.80

1.027,198292, 762294,246

1,055,713298, 549310,063

74,01162.1

34,44378,654

66.034,858

3,91468

44,382

295,34660,697

33.88

3,9697,444

5,1202,005

28,15824,0084,150

234

41

45,17942, 253

52.035,554

88, 075148

19.0019.86

21.392,712

3,0203,634

39, 723

27, 26524, 658

142, 225

755

7,4877,785

39, 246

89,19250,064

103, 208103, 79939,164

7,1609,529

4,2255,697

221. 80

1,105,921257,132355,827

1,087,682285,935310, 583

59,39349.8

21, 45581, 574

68.436,826

4.18473

39, 931

235,77759, 993

34.15

4,0277,481

5,3831,904

31,97827,5554,422

258

36

44, 36146,552

57.040,194

94,140155

19.0019.80

21.392,730

4,7935,809

38, 706

29,06233, 549

137, 671

750

7,9179,190

38, 216

91,14244, 51896, 75796, 68839, 233

8,2119,613

5,2005,454

221. 95

1,119,943235, 617287,987

1,192,520316,116338, 500

56,87747.7

16, 68676, 617

64.234, 304

4,15173

261,89764,509

34.63

4,3857,301

1,35,15630, 3774,780

193

40

55, 52151,778

61.948, 338

97, 740161

19.0019.80

21.392,992

4,2568,633

34, 338

32, 74845,960

123,005

789

9,91412, 45235,990

151,23057,842133, 848137,90635,175

10,170

5,6395,794

222.12

1,139,842201, 245325,8941,298,152295, 440385. 569

59, 43149.8

17, 96274, 77562.7

30, 006

203, 30261,970

34.65

4,2693,758

3,0141,430

35,37830,4604,918204

37

58,15250,93462.3

50,041

99, 205164

19.2520.00

21.642,947

2,7485,20231,681

22,99228,642122,143

656

7,1119,47534,032

91,31739, 310111,534109. 84936, 860

8,9028,134

5,2704,618

222. 35

1,025,742257,344240, 369911,011214, 742221,318

76, 39464.1

35f71468,87457.8

28, 094

4, 534 4, 32376 ! 79

41,049 ! 47,105 i 41,638

244,18652,484

35.15

4,5510

6237

31, 40227, 0224,380

189

48

67, 03561, 674

73.557, 609

102,195170

20.0020.82

22.393,115

2,5843,56229, 965

23, 82119, 765125,090

633

7,6897,444

33, 020

129, 64483, 94991, 45185, 02843, 326

9,1937,365

5,6014,584

222. 47

1,255,817319, 452306, 3291,109,110285,187320, 743

159, 430133.7

85. 07683, 615

70.135, 309

4,424

201, 51243,063

36.55

0

00

26,74722,9863,761

186

29

54, 07053,63867.4

51, 754

104, 060170

20.5021.30

22.893,212

3,1232,244

30, 090

24,08413,616

135, 356

427

7,1804,57237, 069

122,930103, 694100, 364103,18540, 505

8,8188,542

5, 5445,952

223. 86

940,668224,042228, 0771,003,919263,992260,120

114,95996.4

62,10289, 649

75.240, 867

4,72583

291, 07941,628

36.74

4,4430

00

22,41819,0813,337210

20

60,18757, 29572.0

55, 742

108, 720176

20.7521.44

23.142,999

3,6891,897

31,857

24,49711,306

148, 420

478

7,6923,61341,210

60,14956,498106,168107.34539, 622

8,6938,719

5,9226,338

224. 82

892,149171,884208,908964, 995230, 595232, 766

95, 69380.2

51, 90892, 678

77.742,849

4,414

52,467 I 60,363 j 65,668

570,66951, 702

39.92

5,1420

00

17,43714, 5852,852215

41

68, 50267, 55982.2

67, 262

112,970182

23.1023.80

25.493, 459

3, 8552,131

33, 800

25, 65313,917159,185

465

7, 6694,343

44, 609

$6, 43951, 41894, 89991, 51943, 002

10, 4329,520

6,5866,095

671, 77768,197

40.39 |

969,19149,050

40.06

5,1143,771 |

1,830 I770 i

14, 63212, 2952,337

197

(a)

62,94063,377 I78.2 j

62,905 !

114,665187

5,34010,044

6,6953,24118,80016, 2552,544

215

55

46,01855,96069.6

57,327

103, 960170

23.50 I 23.5024.06 ! 24.06

25.893,392

2,8351,808

32, 953

25.893,537

2,4301, 622

33, 731

27,129 j 23,14314,345 • 12,710170,516 i 180,844

7, 7974, 624

48,003

85, 72056,13280, 39381, 09642, 389

9,093

6,9656,864

226.91 ! 227.97

1,274,780283, 278357, 7721,179,518258, 868298, 690

158, 079132.6

86, 557111,525

93.550, 911

5,217 I

1,363,901303, 653312, 6721,293.326264, 390358, 622

613

5,2664,416

48, 972

37, 09937, 36656, 24755, 86542, 771

8,2656,426

5,9074, 661

227. 96

1,183,901253,141223, 0311,238,476299, 389242, 862

99, 67283.6

41, 995105,475 !

88.4 !45,896 !

5,072 i89 '

68, 68857.6

24, 45895, 99580.5

40, 998

5,15491

84,858 i 73,951 ; 02,329

r Revised.° Less than 500 tons.t Data revised for 1936. See p. 48 of the June 1937 issue.If Beginning January 1937, the American Iron and Steel Institute computes the percent of capacity on a weekly average basis, with no allowance for bundays or holidays;

the figure shown here will be carried forward on the old basis (which relates daily average output to daily average capacity with allowance for Sundays, July 4, and unnstmas)in order to keep the series comparable.Digitized for FRASER




1937

June

1936


berD e £ m '

1937


METALS AND MANUFACTURES—Continued

IRON AND STEEL-ContinuedSteel, Crude and Semimanufactured—

ContinuedPrices, wholesale:

Composite, finished steel dol. per lb__Steel billets, rerolling (Pittsburgh)

dol. per long ton-Structural steel (Pittsburgh) dol. per lb__Steel scrap (Chicago) dol. per gross ton__

U. S. Steel Corporation:Earnings, net thous. of dolShipments, finished products long tons..

Steel, Manufactured ProductsBarrels, steel: j

Orders, unfilled, end of month number,.Production do

Percent of capacityShipments number__Stocks, end of month do

Boilers, steel, new orders:Area .thous. of sq. ft..Quantity number..

Furniture, steel:Office furniture:

Orders:New -thous. of doL.Unfilled, end of month do

Shipments doShelving:

Orders:New doUnfilled, end of month do

Shipments doSafes: i

Orders:New doUnfilled, end of month. . . do

Shipments doSpring washers, shipments doPlate, fabricated steel, new orders, total

short tons__Oil storage tanks do

Sheets, black, blue, galvanized, and full fin-ished:

Orders:New short tons..Unfilled, end of month .do

Production, to ta l . . doPercent of capacity

Shipments short tons..Stocks end of month, total do

Unsold stocks doTrack work, shipments do

MACHINERY AND APPARATUSAir-conditioning equipment:

Orders, new:Fan group thous. of dol..Unit-heater group... do

Electric overhead cranes:Orders:

New doUnfilled, end of month do

Shipments doElectrical equipment. (See Nonferrous metals.)Exports, machinery. (See Foreign trade.)Foundry equipment:

Orders:New 1922-24 = 100-Unfilled, end of month do

Shipments __doFuel equipment:

Oil burners:Orders: j

New number..!Unfilled, end of month do I

Shipments do jStocks, end of month do

Pulverizers, orders, new .doMechanical stokers, sales: §

Classes 1, 2, and 3 doClasses 4 and 5:

Number _Horsepower _ _

Machine tools, orders, newav. mo. shipments 1926=100._

Pumps:Domestic, water, shipments:

Pitcher, other hand, and wmdmill..units..Power, horizontal type do

Measuring and dispensing, shipments:!Gasoline:

Hand-operated _units_.Power do

Oil, grease, and other:Hand-operated.. _ doPower do

Steam, power, centrifugal, and rotary :fOrders, new _ thous. of dol_.

0. 0290

37.00.022515.95

52, 3941,268,550

836, 618828, 300

61.6832, 076

19, 019

719832

2,3251,9352,183

570534513

(a)

(a)

(a)

281

34,83313, 628

0)0)0)0)0)0)0)9,194

963

5344,507

692

228.2372.8232.1

14,4984,11814,72422,276

19

8,482

23546,414

191.8

46,0391,689

1,448

0.0236

28.00.018112.85

27, 996886,065

452,386626,599

46.8627,06519,133

1,1311,049

1,5651,0701,470

448294416

224216226246

52,93721,861

261,439276, 551210,448

69.2203,853136, 60575,9126,507

1,106

2812,242

141.4130.8153.0

16,0384,078

14,69919,341

48

4,712

24450, 717

128.8

52,2361,198

6218,785

10, 7063,564

1,250

0.0242

30.00.019013.38

950,851

499,838677, 462

50.6672,97423,621

1,1101,091

1,511 !918 |

1,511

394358393

204

205267

60,324

192,873263, 531217, 651

71.5213,372138,88472,6036,216

1,336763

4042,085 i566

159.6144.5145.7

16,4133,04117,45021,577

23

5,952

33667, 218

150.1

60,0541,326

7869,347

14, 3413,282

1,379

0.0242

30.00.019015.19

923, 703

427, 583515, 380

38.4518, 79520, 206

1,0811,140

1,517996

1,439

448386420

205204209199

31, 9998,604

0. 0241

30.40.019016.15

28,967961,803

456, 682697, 783

51.9694, 33123, 658

8921,233

1,5871,0331,550

433394425

195178220201

35, 0339,446

.0246

32.00.019016.25

0. 0246

32.00. 019016.50

0. 0252

32.40.019917.15

0.0257 i 0.0258 i 0.0283

34.00.020518.06

34.00.020519.44

I j 35,365 ! . -1,007,417 | 882,643 1,067,365 1,149,918 |1,133,724

343, 347835,177

62.1836,983 ! 658,103

21,852 ! 17,720

351, 888653,971

48.6

800,546 826,510 \ 623,803804,526 824,073 I 622,338

59.9 ! 61. 2 | 46.3793,670 I 825,406 | 627,75528,500 I 27,167 j 21,750

207,781237,029202, 456

66.5197,156141,32879,451

6,401

255,557287, 746213, 706

70.2204,285137,55671,3675,722

9691,201

1,8411,0971,777

436 ;395 !435 !

250194234242

33,7916,632

223,195281, 226235,057

82.6223,874133, 37069,3555,547

937837

1,7341,1861,646

459418 !436

238192240247

40, 4656,368

294,080372, 407224,031

78.7212,130128,90662, 9384,756

1,872 !915 i

2,2271,3632,113

670426571

287 I228240 |299 i

51,017 |9,320 !

651 !682 j

2,4441,7272,175

574434567

192217203 ;

855757

2,0791,7342,072

599404628

197 j186 I222 j289 !

36. 40.022120.85

44, 0101,414,399

722, 659855,889

63.6853, 62524,014

1,5161, 343

2,6011,8202.515

697467633

(a)

)420

41,41910, 665

32,375 i 71,2509,041 31,239

336,758456,811230, 581

84.7244,409132,43259, 3255,579

(00)0)0)0)0)0)7,246

1,154871

2,208416

145.4152.1137.2

22,3474,22421,16423, 608

34

9831,013

4792,275

412

1,0781,624

4161,908

783

1,1,

1,

044279

529999436

9601,141

1,137871

0)0)0)0)C1)0)0)8,153

1,204711

()0)0)0)

)10,720

1,6831,023

1,136 i 8832,472 j 2,893664 462

921 1,0793,427 3,994387 578

161.0162.8150.5

35,2524,07135,40516,538

22

9,123 16,139

434

127.5

55,7621,412

7298,971

10, 5113,704

1,542

49975,106

118.5

47,454826

9,320

10, 5633,331

1,183

174.4 |174.0 i162.9 i

33, 3553,46733.95914,102

23

17,909

46289,130

200.4 !223.4150.9

15,4372,55716, 34715,174

8,687 j

324 i

283.3319.6187.1

11,1352,39211, 30016, 082

133

190.9333.3177.2

10,3333,451 !9,274 !

16,335 |59 I

249.5 i380.0 i201.8 i

0.0290 ! 0.0290

37.00.022520.56

1,343,644

516, 975851, 681

63.2851, 11224,583

674

2,7882,1462,463

728552643

294.2408.5 |285.6

9,4013,0249,828

16,000

m5,513 j 2,899 j 3,121 ! 5,326

309 I 20379,226 I 46,914

16537, 241

25962, 783

136. 5 ! 147.1 | 257.7 200.3 j 165. 2 j 211. 6

47, 5481,306

33,0221,330

32,6021,134

66,0891,242

59, 2011,349

8368,630

14, 7854,620

1,198

7488,306

15,8413,242

1,046

7679,035

15,6091,956

1,535

3938,487

12,8845,672

1,271

6588,316

13,5134,729

1,286

53, 5771,382

1,31310,961

17,1395,346

1,983

37.00.022517.38

1, 304,039

419, 786684, 356

50.9686,144

22, 795

1, 006755

r 1,916r 1,759' 2, 302

-•503r 503

430 i

42,455 |13,186 !

0)0)0)0)0)0)9,888

1,631

1,415 !4,674 !

728 I

208.3365.4232. 5

(a)

(a)

268

»• 28,9137,271

CO0)0)0)0)

(})8,807

1,872758

7514,666

749

242. 0376.8226.2

14,242 15,361 I 15,2332,838 3,517 ! 4,344

14, 428 14, 68216,016 17,098

79 32

5,868

226 j10,249 !

282.5 !

20,462 |6,824

1,721

» Entire series now being revised by the National Association of Flat Eolled Steel Manufacturers. The data will be shown in the Survey when available.§ See note marked_"_§", on p. 50.

14, 40620, 866

25

6,580

20247, 770

208.5

56, 534 41, 8691, 478 1, 721

1,216 I 1,13613,989 I 14,363

17,2325,757

1, 533

F Revised series. Measuring and dispensing pumps revised beginning January 1936; see p. 49 of the April 1937 issue.revisions, period 1919-36, see table 15, p. 19, of the April 1937 issue.

• Data compiled on a new basis starting March 1937; revised series will be shown in a subsequent issue.

For steam, power, centrifugal, and rotary pumpsr Revised.




1937

June

1936


berDecem-

ber

1937

Janu-ary



MACHINERY AND APPARATUS—Con.Water-softening apparatus, shipments..units.-Water systems, shipments doWoodworking machinery:

Orders:Canceled thous. of dol..New doUnfilled, end of month do

Shipments:Quantity.._ machines. _Value thous. of doL.

NONFERROUS METALS ANDPRODUCTS

MetalsAluminum:

Imports, bauxite long tons..Price, scrap, cast (N. Y.) dol. per lb..

Babbitt metal (white-base antifriction-bearingmetals):

Production, total thous. of lb._For own use doSales do

Copper:Exports, refined and mfrs short tons..Imports, total do

For smelting, refining, and export-.-doProduct of Cuba and the Philippine Is-

lands short tons..All other -do

Price, electrolytic (N. Y.) dol. per lb._Lead:

Imports of ore, concentrates- pigs, bars, etc.short tons..

Ore:Receipts, lead content of domestic ore.doShipments, Joplin district do

Refined:Price, wholesale, pig, desilverized (N. Y.)

dol. per lb-.Production from domestic ore..short tons..Shipments, reported doStocks, end of month do

Tin:Consumption in manufacture of tin and

terneplate -long tons..Deliveries doImports, bars, blocks, etc -.doPrice, Straits (N. Y.) dol. per lb..Stocks, end of month:

World, visible supply long tons..United States do

Zinc:Ore, Joplin district:

Shipments short tons..Stocks, end of month do

Price, prime, western (St. L.). dol. per lb._Production, slab, at primary smelters t

short tons..Retorts in operation, end of mo number..Shipments, totalf short tons..

Domestict doStocks, refinery, end of mot -do

Electrical Equipment

Furnaces, electric, new orders:Unit kilowatts..Value thous. of dol. .

Electrical goods, new orders (quarterly)thous. of doL.

Laminated phenolic products, shipmentsthous. of dol..I

Motors (1-200 H. P.):

91917,468

9578

1,188

402733

35,734.1252

2,593586

2,007

28,84115,942

1312,886.1378

683

41,6295,427

.060037, 32142, 710

113,370

3,2606,6456,344.5584

23, 2914,810

35, 04420, 624.0675

50, 52644,18650, 21950, 21914, 081

9,166591

260,836

1,190( )

Billings (shipments):A. C thous.

1,05217, 295

445597

267445

41, 043.1188

2,374495

1,879

24,51614,67114, 561

0101

.0928

1,027

31,8283,500

.046036,75637, 736

230, 481

3,5207,7958,134.4222

16,4483,054

29, 42039, 240.0488

44,87540, 70041,58241, 58284,855

3,631230

190, 598

1,122

84516,815

12474610

280439

29,113.1165

2,540563

1,976

22,14817,18614, 788

1,512885

.0935

1,192

34, 1375,879

.0460

231,081

3,2607,1206,674.4297

16, 7592,151

22, 06041, 270.0478

45, 48141,30841,81941,81988,517

2,262168

1,123

1,01614,990

16571657

300494

40, 506.1163

2,495772

1,723

24, 62214,27712,980

21,296.0953

2,997

31, 3143.180

.046031,11746,388

218, 233

3,0505,3856,069.4257

17, 6423,095

35,81137, 180

.0480

43,54241. 30846,01346,01386,046

4,391329

1,060

2,466661

655671

75,906222, 832

1,74680,050

104,94439,118

2,185517

2,508573

677672

99, 621267. 0981,70844,380

109,63632,944

2,382579

3,670941

1, 4,50..018

4,6261,284

8481,090

979533

138, 367597, 804

A. C thous.ofdol 2,513 2,536 2,319D. C . . . d o 554 524 607

Orders, new:A. C .do 2,915 2,636 2,628 2,691 2,508 2,563 3,955; 3,274! 3,301 4,626 4.276D. C d o . . . . 608 599 682

Power cables, paper insulated, shipments:Unit __.thous. of ft 536 672 664Value thous.ofdol-- 613 610 734

Power switching equipment, new orders:Indoor dollars.- 123,697 72,425 118,256 85,758Outdoor d o . . . . 433,219 143,868 203,674 165,245

Ranges, electric, billed sales thous.ofdol 2,272 1,678 1,468Refrigerators, household, sales number . . '266,400 237,371 205,098 106,975Vacuum cleaners, shipments:

Floor cleaners... d o . . . - 102,153 80,649 71.628 84,108 104,944 109,636 100,983 I 114,892 I 92,056 > 112,787 ! 148,113Hand-type cleaners d o . . . . 34,386 22,295 18,765 22,101 39,118 32,944 j 38,860 40,921 32,520 | 38,477 | 52,301

Vulcanized fiber: £• W-Consumption of fiber paper thous. of l b . . 2,809 2,116 2,179 2,210 2,185 2,382 I 2,235 2,446! 2,367 '< 2,321! 3,007Shipments thous .ofdol . . 620 489 525 485 517 579 I 510 599 1 640 j 633 i 652

r Revised. * Estimated.^Monthly data on copper production, shipments, and stocks for months of 1936, comparable with those shown in the 1936 supplement through 1935, are shown

27, p. 20, of the July 1937 issue. g&* c"**k p'< § Classifications changed starting in January 1937, but for all practical purposes the series shown are comparable. Classes 4 and 5 are practically equivalent

class 4; changes made in classes 1, 2, and 3 do not affect the total for the 3 classes as shown here.fRevised series. Data revised for 1936. See p. 50 of the May 1937 issue.

95415,537

9652819

358490

22, 836.1198

2, 654678

1,977

22, 73712,93911, 225

131,701. 0953

382

30,8922,970

.046029,78850,685

200, 517

3,3006,2005,626.4474

16.8962,860

35,78030, 590.0485

42,21140,67251, 77551,77576,482

3,203221

191,319

1,00113,112

10561816

314557

19,178.1222

2,491695

1,796

28.5779,5168,093

241.399.0956

1,742

30,9104,880

.046339,31759,210183,430

3,3006,0056,327.4494

19,0483,315

46,50031, 200.0485

46,22541,73353,96353,96368,744

2,757146

1,131

11,074

14737

1,050

280470

27, 496.1263

2,362570

1,792

24, 56023, 58922. 321

251,243.1016

31, 0966,390

.051140, 27350,313176,960

2,9405,3455,098.5132

23,1483,030

40, 83029,990.0497

45,67043,10356,88756,88757,527

3,365215

1,138

2,735727

2, 213558

2,563658

518

89, 517192,9671,425

78, 265

100, 98338, 860

2,235510

1,01810,864

7744

1,195

367619

29,744.1274

2,706602

2,104

23,49016, 70212,599

2,9741,129.1076

1,073

32,0524,954

.055543,61352,032171,856

3,2006,9308,339.5285

23, 7875,095

44,24522,785.0527

46,94042,96559,51259,51244,955

3,161236

228,062

1,229

15, 562

21744

,339

012 I 1,141 I 1,:082 j 15,788 ; 2(j,i

314571 |

28, 363.1281

2,364518

1,846

22, 0467,1335,994

251,115.1242

249

35, 7604,722

.060041, 22345, 718

169, 776

3,0707,6158,509

26,1795,478

41, 26214, 288.0585

40, 04740, 28551, 22751,22733, 775

4,225255

1,005

3, 266811

3,955938

577815

124, 562284, 3081,719 i

123, 208 I

114,892 I40,921

2,446 |599 I

2, 476634

3,274984

732868

77, 303341, 3951,840

171,405

92,05632, 520

2, 367640

9564

,342

324553

41,603.1281

2,290579

1,712

29, 09921, 95218,358

2,1331,460.1343

32, 2865,398

.062434, 98650,375156, 832

3,1307,6757,238.5194

23. 7744,956

43, 8379,501.0647

37, 79442, 78646,95346,95324,618

3,262215

1,059

2904

1,508

397703

24748,437

796

1,09817, 759

10602

1,353

361676

43,016 35,250 I 29,570.1281 .1283 .1275

2,999546

2,453

2, 499599 :

1,900 ;

31,728 ! 26,85014,553 I 14,54712,905 11,336

461,602.1578

602

2,0711. 139 ,.1512

593

2, 206S21

1,585

34, 43613, 28110,717

412,523.1378

848

41, 372 i 37, 775 I 37, 2937,173 ! 5, 115 i 6,623

.0719 j .061841,422 { 43,90863,425 I 55,200137,204 ! 128,462

3,6809,08010, 468.6271

3,5506, 9956,430.5899

24,127 24,5935,731 4,741

40,021 j 39,19010,980 ; 14,690.0738 i .0701

53, 20243, 63559, 63559, 63518,183

3,664281

271,064

1, 451

52,009 i43,660 !56,229 ''56. 22913,963

311

2, 648742

3,301 !1,074

9551,023

113,645374,7191,699

245,718

112,78738, 477

2,321 !633 i

209, 804754,827

3,402 j 3,159352,582 ; 335,214

140,51650,020

2,780698

.060040,19255, 212

115,843

3, 6806,4256,557.5563

23, 7215, 144

44, 63218, 358.0675

55,01243, 724£5, 201.'5, 20113,774

2 721"' 235

1,226

3, 599660

3, 260695

9891,234

148,916335, 937

2,842r 333, 061

125, 92142, 688

2.616679

in table

to former




1937

June

1936


berDecem-

ber

1937



NONFERROUS METALS ANDPRODUCTS—Continued

Miscellaneous Products

Brass and bronze (ingots and billets):Deliveries _ _ net tonsOrders, unfilled, end of mo do

Plumbing fixtures, brass:Shipments . . .number of pieces..

Radiators, convection type:Sales:

Heating elements only, without cabinetsor grilles thous. of sq. ft. heating surf..

Including heating elements, cabinets, &grilles thous. of sq. ft, heating surf..

Bheets, brass, price, mill dol. per lb._Wire cloth (brass, bronze, and alloy):

Orders:New ._ ._ thous. of sq. ftUnfilled, end of mo do

Production _. . . do ...Shipments doStocks, end of month . do _

6,58415, 784

56

446.198

2361 176

455467698

5,99617,379

1,345,454

84

349.151

40S500413379740

6,33925, 289

1,502,900

101

441.152

384478413416718

6,37923, 717

1,428,850

140

415.154

423469408406698

6,78323, 796

1,561,410

106

448.155

455528433442740

8,02532,411

1,657,418

141

459.157

505567501457764

7,77330,436

1,539,774

103

426.162

517672428418771

7,93933,077

1.804,702

168

328.168

689774521508749

10,02229, 309

1,929,150

47

343.178

1,1911,355

535512774

9,43330, 286

1,878,903

33

236.189

2151,362

488477781

10, 62626, 408

2,109,679

34

448.210

1,1072,051

557558790

10,10120, 549

1,863,871

47

422.207

3551,763

580628732

8,21018,037

1,554,575

116

336.196

1701,414

525510729

PAPER AND PRINTING

WOOD PULP

Consumption and shipments:! 0Total, all grades short tons.

Groundwood do...Sulphate do.. .Sulphite, total » do.. .

Bleached do.. .Unbleached... do.. .

Soda do.. .Production:!

Total, all grades do.. .Groundwood do.. .Sulphate do.. .Sulphite, total do. . .

Bleached... do. . .Unbleached . do.. .

Soda do.. .Stocks, end of monthf:

Total, all grades do.. .Groundwood do.. .Sulphate do. . .Sulphite, total do. . .

Bleached.. *do...Unbleached do. . .

Soda do.. .Imports:

Chemical. do. . .Groundwood .do

Price, sulphite, unbleached dol. per 100 lb_.

PAPERTotal paper:

Paper, incl. newsprint and paperboard:Production^ short tons—

Paper, excl. newsprint and paperboard:Orders, new short tons..Production doShipments do

Book paper:Coated paper:

Orders, new doOrders, unfilled, end of mo doProduction do

Percent of potential capacityShipments short tons..Stocks, end of month do

Uncoated paper:Orders, new doOrders, unfilled, end of mo doPrice, cased, machine finished, at mills

dol. per 100 lb_.Production short tons..

Percent of potential capacityShipments short tons..Stocks, end of month do

Fine paper:Orders, new doOrders, unfilled, end of mo doProduction doShipments doStocks, end of month do

Wrapping paper:Orders, new __. doOrders, unfilled, end of mo. doProduction doShipments doStocks, end of month- do

269,14622, 0793.65

14, 4595,319

18, 56384.6

17. 64611,456

91, 34464, 540

6.25101, 288

94.099, 16887. 454

473,075128,242151,003148, 74295, 59453,14845, 088

473,980126, 471151,914150, 28096,26854, 01245, 315

117,40256,8307,91249,10434,26014,8443,556

235,12914,5291.93

797,826

406,228429, 324415,506

16, 5028,21819,26068.0

18, 49712, 245

77,31335,013

5.2586, 67671.6

83, 71883, 644

31,64112,27435,07733. 03365,784

140,38572, 439144,615143,367113, 711

463, 804120,955148, 729150,67397,03253,64143,447

452,394111,582149,027147,85594,85053,00543,930

107,26648,6168,23246, 52932,30414,2253,889

207,44425,6281.93

846,434

486,482474,040480,156

16,8766,65719, 22666.3

18,88512,878

82,10733.058

5.2589, 21073.4

86, 04087, 036

37,07310,94139, 35839, 95162,957

167,81574,750

163, 588167, 586109,180

483,154120, 403159, 542155,813100, 80955,00447,396

475,360108,962159, 702158,870100,91057,96047,826

100,707

8,38449, 47832,36917,1094,199

222,32019,8501.03

833,038

428, 549439,309426,957

18, 5316,78020,10269.4

20,38713,284

85,00433,831

5.25

76.092, 61188, 970

31,5169, 68433,62631,83865,527

141,43677,600147,142140, 740112, 323

481, 745120,190157,116156,13198, 35557,77648,308

464,735109, 463154,947151,38194,12057,26148,944

85,31029,2806,20345,17028, 56516,6054,657

28,1831.94

843,417

459,373442,692449,087

18,8957,40719, 23977.7

18. 98312,157

91, 45234,208

5.2595,79383.2

94,14194, 548

31,8659,99530,62531, 72766,100

159, 71287, 212150, 952153, 243110, 704

529,035137,945168, 533169, 416106,99462,42253,141

519,909130, 383167,030170, 089105,93564,15452, 407

77,65622,7424,78445,99927,65118,3484,131

201, 28423,5721.98

984,688

560,150543,763538,340

20, 5546,634

22, 22583.4

22,04812,334

101,41334,270

5.25103,417

83.5101, 64889, 724

50, 57813,80047,41646, 61066, 771

207, 06295,934195,874199,36910S, 163

504, 627132,914161, 442157,897

59,88952,374

501,810130, 436161, 604159, 26598,40260,86350, 505

75, 72220,6004,98547,31728,04719, 2702,820

198.19527,0312.06

864, 309

505, 593462,837457,044

28, 28712,65922. 76183.4

22,53112, 386

115,47754, 829

5.3898,939

84.398, 44892, 607

40, 03316,46837,98636, 61068, 325

170,910116, 625155, 605151, 785111,912

511,019134,039158,782161,91299,94661,96656,286

512, 057138,470159,420158,16196,38061, 78156, 006

76,61424,6345,47443.86724.86818,9992,639

215, 61226, 3332.33

956, 779

613, 669547,958563,997

28,11912, 78326,83591.0

28,95212, 785

127,83466, 239

5.50112, 689

86.2119,23186, 067

53,67921,47048,11248. 30867, 972

230, 499153,811196,998200,433110,612

526, 747131,041172,386165,192100,25564,93758,128

540,822139,109172, 559170,968103,67667,29258,186

71, 71222,9266,01440,09124,24615,8452,681

192, 78820, 7352.63

953, 283

529, 312508, 256515, 417

26, 67611,11627,21094.0

27. 93911,884

114,64364,372

5.75111.733

90. 6114,08580, 267

48. 62024,77843,48245, 63263,068

175, 286145,838171,170172, 644108, 325

504,031122,003160,859165,61399, 37366, 24055, 556

513,703130,067161, 343166,958104,71362, 24555,335

78, 58627,9706,435

41, 64028, 48913,1512,541

214,11517,0933.01

944, 049

519, 798498,546497, 810

21,7469,25723,043103.0

22, 86311,029

111,11269, 703

5.75104.795

95.7103,82984,191

44, 63823,96044,51645, 05062. 534

180,618151,786166,827169,767104,241

563, 062138,800179, 091183, 588116,30167, 28761, 583

576,097148,927179,091186, 766115,18471, 58261,313

87, 82034, 4036,435

44, 58028,40416,1762,402

170, 03817, 2963.34

1,101,273

647, 063591,191595,070

24, 70910, 85521, 46594.5

21,18810, 230

131, 53782, 244

5.75109, 260

94.8112,74177, 743

66, 31735,13253, 89853, 24659, 947

220, 843164, 719212, 608215,170102, 383

548,147137, 217183, 586167,89898, 00369, 89559, 446

566, 723148,182182, 673176, 243102. 51473, 72959, 625

101, 03641, 2845, 66351,57132, 80718,7642,518

121,59722, 0293.75

1,029,563

517,076532, 279520,222

23, 87512,01622, 709

98.523. 10310, 0-41

111,83483, 565

6. 13116, 969

102. 6111,63483, 785

39,38533,22443, 65742, 47359,775

171, 708156, 564178,919179,349101, 838

570,846139, 806186, 649184, 749106, 23178, 51859, 643

580, 880152, 627188,153180,217103, 53976, 67859, 883

106,87649, .5417,022

47, 63330,18217,4512,680

214, 58124, 0623.63

1,011,237

471, 782523, 833507, 593

15, 0827,907

21,12393.5

20, 34510, 819

97, 98176,930

6.25111.959

98.3108,82887, 058

32, 51828, 43340, 73839,01165, 507

153,148143, 532176, 092169, 437104, 521

^See note marked " J" on next page. r Revised. © Comprises pulp used in the producing mills and shipments to the market.t Revised series. Production of wood pulp, except soda pulp, for 1936 has been revised to conform with the industry totals reported by the U. S. Pulp Producers' Asso-

ciation for that year. For these items, consumption and shipments have been adjusted to the revised production figures by the Survey of Current Business. For the sameitems, data on production and consumption and shipments for 1935 adjusted to census data for that year will appear in a subsequent issue. Pending publication of thesefigures, data shown in monthly issues starting with March 1937 can be used in conjunction with earlier data shown in the 1936 Supplement without serious error. Figureson stocks have not been adjusted through December 1936. All wood-pulp data except soda puip. starting with January 1937 are based on the reports of 145 identical mills(earlier months are for 162 mills) adjusted to compare with the figures for earlier periods. Data on soda pulp (production and consumption and shipments) have been adjustedto the 1935 census by the Survey; earlier figures appeared in the 1936 Supplement.Digitized for FRASER


52 SUKVEY OF CURRENT BUSINESS August 1937


1937

June

1936


ber berm"

1937

January ary1" ' March1

April j May

PAPER AND P R I N T I N G — C o n t i n u e d

PAPER—ContinuedNewsprint:

Canada:Exports short tons..Production t doShipments from millsf doStocks, at mills, end of mot --do

United States:Consumption by publishers _doImports doPrice, rolls, contract, destination (N. Y.

basis) dol. per short ton..Production^ short tons..Shipments from mills doStocks, end of month:

At mills ._ _ doAt publishers! doIn transit to publishersf do

Paperboard:Consumption, waste paper doOrders, new doOrders, unfilled, end of mo doProduction^ _ do

Percent of capacityStocks of waste paper, end of month:

At mills short tons..In transit and unshipped purchases

short tons..PAPER PRODUCTS

Abrasive paper and cloth, shipments:Domestic reams..Foreign do

Paperboard shipping boxes:Shipments, total mills, of sq. ft..

Corrugated do .Solid fiber do. . .

PRINTINGBlank forms, new orders thous. ofsets-Book publication, total no. of editions.

New books do_-_New editions do. . .

Operations (productive cap.) 1923=100.Sales books, new orders thous. of books, _

306,646310, 871311,50767,438

188, 921288,291

42.5078, 50076, 255

14,944298,338

50, 550

0)

81,8138,556

2,6322,385

247

115,141689580109

~16~633

283,589270, 709263, 512

72, 597

178,396222,187

41.0079, 82074,838

21,031193, 761

40, 553

241, 656290, 098

96, 402288, 682

70.5

218, 330

0)

76,0849,479

2,1881,945

242

100,72572960212781

17,485

234, 050272, 762269,929

73,960

170,884205, 704

41.0073, 36174, 780

19,907201, 731

48, 099

249, 402304, 747101, 557299, 033

69.4

219, 042

0)

69,7097,306

2,2491,994

255

107, 83772357514880

18, 384

257, 577270,363278, 529

65,896

246,186

41.0074, 33872, 645

20,647220,145

42,309

268, 770332, 553117,443319, 391

76.7

278, 368269, 074268, 90965,718

175,811238, 317

41.0072, 20675, 599

16,878232, 204

42, 881

281, 046353,197135, 732328, 519

79.1

286, 733301, 096307, 250

59,439

203,198260,135

41.0081,07681,771

16,400236, 74342,106

306,874357,783138,830359,849

82.7

295,833286, 235293, 539

51,986

223,813249,153

41.0079, 84880, 469

15, 988214, 568

56,425

274, 332308, 732127,193321, 624

79.6

207,886 i 191,408 j 189,590 182,822

286, 233289, 312316, 723

24, 506

198, 264278,991

41.0080,04881,910

14,239251,091

54,294

279,068350, 452130,472328, 773

75.6

259,543286,991261,992

49,505

183,106238,426

42.5079,36275,046

18,673257,24149,013

295,554407,716221,409365, 665

82.0

0)

76,19110,176

2,6982,382

317

104,34989073115986

16, 683

(0

79,4697,455

85,8249,377

0)

69, 9527,327

199,404 I 211,295

0) ! (0

222,945275, 532251, 25673, 769

199,997204, 689

42.5072,07274,941

15,995243,95154,013

295,477386, 781238,011373, 431

90.0

196, 570

0)

74, 71311,492

2,8092,485

324

107, 42180969011994

16,920

2,6502,392

258

129,0341J95

96622998

18,513

2,2812,092

189

140, 638841732109101

16,166

2,4882,276

212

166,9701,074

868206

9819.139

2,3082,074

234

106,944781694

8799

16,959

81,945 I6,294

80,2949,972

2,4282,195233

149,1941,011815196103

16,057

294,935302, 068290,96884,902

197,956270, 478

42.5082, 57679, 582

19,001246,87357, 071

339, 242453, 621265,575 ,428,506 !

91.6 i

252, 790298, 678311,58472, 223

199, 355263, 620

42.5078, 61985, 915

12, 406258, 74059,427

341, 597404,108200. 833418,665

92.8

197,977 i 211.628

90,365 i13,971 |

3,018 ,2, 712'306 ,

129, 377889740149100

19,711

135, 45110, 919

2,7782, 506271

127, 262885724161100

18,996

294, 726309, 210313,41469, 357

244, 030279,937

42.50' 78.907' 77, 647

12, 645' 278,820r 49, 612

330. 250356, 687154,379408,497

SO. 7

234.239

103, 8629,104

2,5492,292256

123, 341945800145102

15,799

RUBBER AND RUBBER PRODUCTS

CRUDE AND SCRAP RUBBERCrude:

Consumption, totalf X -long tons..For tires and tubesf _do

Imports, total, including latex doPrice, smoked sheets (N. Y.) dol. per lb__Shipments, world long tons..Stocks, world, end of monthf-- do

Afloat, total _ doFor United States do

London and Liverpool —.doBritish Malaya _ do .United Statesf . . .do

Reclaimed rubber:} tConsumption doProduction do~_.~Stocks, end of month. do

Scrap rubber:Consumption by reclaimers (quar.). do

TIRES AND TUBES tPneumatic casings:

Production thousands,.Shipments, total do.

Domestic do.Stocks, end of month.. do.

Inner tubes:Production do.Shipments, total do.

Domestic doStocks, end of month do

Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics .thous. of lb-_

MISCELLANEOUS PRODUCTSSinsrle and double texture proofed fabrics:

Production .thous. of yd_.Rubber and canvas footwear:X

Production, total thous. of pairs..Tennis do. . .Waterproof. do

Shipments, total doTennis.. doWaterproof do

Shipments, domestic, total do_._Tennis doWaterproof do . . .

Stocks, total, end of month do. . .Tennis.. do . . .Waterproof _ do...

51, 79849, 63549,

95*.

635193000

432, 257124,

57,43,93,

171,

14,16,14,

000215427630000

414,052,535

52,77238,16838, 273.159

65,756520, 25590,00047, 228122, 28562, 426245, 544

11,81011,25612, 585

31,033

5,6105,7925,7117,833

5,0355,5045,4428,105

22, 833

3,526

5,6592,0183,6414,3342,7911,5434,2902,7511,53918,8224,51914, 303

48, 25038,38039,843.165

82,355519, 074106,00060,343113,38663, 838235,850

12,08411, 62812, 522

5,4655,7445,6787,746

5,1775,7585,5447,725

22, 532

3,667

4,5711,2443,3275,4312,0343,3975,4072,0183,39017,9623,72914, 233

46, 77735, 82341,788.163

70,249500,52099,00063, 597108, 21563,138230,167

11, 24212,12413, 206

5,0144,9764,9117,793

5,0395,1365,0937,621

21,175

4,145

5,5881,3774,2126,8771,4435,4356,8511,4205,43116,6263,61513,010 '

46,44935,09350,033.164

71,343493, 58596,00062, 240103, 96260, 287233,336

11, 42412, 22113, 874

33,741

49,63736, 52040,965.165

80,552486,159106,00067,82596, 62559,534224,000

12,89213,89814, 673

|

4,9813,8363,7689,005

5,1614,2314,0318,627

20,974

4,849

6,0031,1504,8538,0631,4816,5828,0391,4656,57414, 5673,28611,281

5,1254,0814,01210,089

5,3974,1084,0559,977

21,690

4,650

6,7511,2805,4717,897796

7,1027,844751

7,09313,4303,7809,651

50,43337,21538,414.180

77,000466, 491105,00073,69188,78160,230211,480

12, 30213,54015, 643

4,9694, 2324,16210,814

4,7393,9953,94810,732

49, 75437,17951,382.200

79, 000466, 576103,00056, 56778,46262,114223,000

13,28015, 03119, 000

48, 74436, 77743,339.214

71,000454,24998,00055,09671,06278,276206,911

13,36615,12919,010

36,347 -

5,3115,0164,92611,114

5,1214,8194,75410. 985

21,744 I 22,649

3,672

6,4961,4615,0356,502

5885,9146,464

5575,908L3,4254,6548,771

!3,953

7,5991,9515,6487,4091,2956,1147,3731,2656,108

13,6155,3108,305

4,9804,5094,42111, 377

4,8014,3914,32711,100

22, 207

3,884

5,8982,4183,4806,0182,6393,3795,9542,6033,35113,4545,1088,346

50, 28237,03044, 715.213

71,000445, 26594,00053, 53863, 76086,478201,027

13,48515,19219, 017

5,2464,3714,27612, 308

6,0914, 5364,46911, 734

54, 06442, 63840,898 |.246

101, 000447385g125, 0005g, 99452, 07782,807187, 977

14,80114,458

42, 398

51, 79741,47943, 024.234

90, 000428, 249124, 00072,53048, 74877, 255178,246

15, 60713, 88414,010

I"

5,9164,7874,68712,448

5,7305, 5605,438

12, 629

5,823 j 5,6275, 571 5, 3255, 499 5, 24211,904 12,218

23, 426 26, 542

4,342

5, 9353,2412,6944,5203,3081,2124,4863,2911,19514,8695,041 I9,829 I

5, 255

7,5954,2g93,3275,4394,361130785S3774,3091,068

16, 9984,94512,053

24, 680

4,626

7,1974,0533,1445,0273,7841,2435,0273,7841, 24319,1675,21313,954

51, 73337, 95148, 898.213

87, 000' 413,134• 117, 000

58, 54246, 62874,478

r 175,019

14,61215, 793

r 14, 647

5, 3525, 3755,28112, 592

4,9565,0284,95912,107

23, 263

3,991

6,7343, 6353,0984,7843, 7781,0064,7353,736999

21,1165,07116,045

' Data no longer collected by the Bureau of the Census.Figures shown here are as reported; these were also given in the 1936 Supplement.

•• Revised.IFor data raised to industry totals, see the 1936 Supplement, x lbuiw UUv,.u u « u mU ^ ^ ^ . v u , ,UWJv ,,Ww »,Uv B . ,v- — „ .f Revised series. Data on total rubber consumption, world and United States stocks of rubber, consumption, production and stocks of reclaimed rubber revised for 1935

and 1936. Revisions not shown in the May 1937 Survey, will appear in a subsequent issue. Data for newsprint (Canada) revised for 1936. See p. 52 of the April 1937 issue.Newsprint stocks at publishers and in transit to publishers revised back to 1926. Revisions not shown on p. 52 of the April 1937 Survey will be shown in a subsequent issue

tData are raised to industry totals; see the note explaining these series in the 1936 Supplement.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1937 SUEVEY OF CUERENT BUSINESS 53


1937

June

1936


berDecem-

ber

1937


STONE, CLAY, AND GLASS PRODUCTS

BRICKCommon brick:

Price, wholesale, composite, f. o. b. plantdol. per thous.

Shipments.-- thous. of brick.Stocks, end of month do—

Face brick:*Shipments _-.do..-Stocks, end of month do.. .

Vitrified paving brick:Shipments _ -do...Stocks, end of month do._.

PORTLAND CEMENT

Price, wholesale, composite _dol. per bblProduction thous. of bbl

Percent of capacityShipments thous. of bblStocks, finished, end of month do..Stocks, clinker, end of month do._

CLAY PRODUCTS

Bathroom accessories:Production.- .number of pieces..Shipments doStocks, end of month. do

GLASS PRODUCTS

Glass containers:Production. thous. of gross..

Percent of capacityShipments do.Stocks, end of month. thous. of gross..

Illuminating glassware:Orders:

New and contract number of turns..Unfilled, end of month do

Production doShipments doStocks, end of month__ do

Plate glass, production.. thous. of sq. ft..

GYPSUM (QUARTERLY)Crude:

Imports short tons_.Production. _ doShipments.. do

Calcined, production .doCalcined products, shipments:

Board, plaster, and lath thous. of sq. ft..Board, wall _ doCement, Keene's short tons..Plasters, neat, wood fiber, sanded gauging

finish, etc short tons..For pottery, terra cotta, plate glass, mixing

plants, etc short tons.Tile, partition thous. of sq. ft..

TERRA COTTA

Orders, new:QuantityValue.

..short tons.thous. of dol.

TILE

Hollow building tile:ShipmentsStocks, end of month

short tons.

12.110

1.66711,163

52.812,64924,015

7,370

1,071,1201,005,581414,774

4, 93987.1

5,1526,981

2, 6812,8702,9472,6525,260

19, 392

916128

11.777172,892368,638

67,340264,056

11,47671,800

1.66711, 377

52.312, 52119,2814,912

555,949550, 875443,222

68.13,9997,792

2,3552,2742,1712, 2504,009

16, 244

169, 477733,729227,330545,758

116,25996,0979,676

11.779170,135398,870

63,049264,335

10,92068,380

1.66711, 503

51.311, 82318,9755,079

722, 763716, 715431,774

3,84467.2

4,1797,488

2,3562,4742,1381,9964,135

16,428

370,181

50,2523,960

1,706202

89,415311,830

975110

11.775172,748417,660

58,946270,048

8,72470,683

1.66712, 59956.2

12, 62418,9204,931

677,152650, 883428,162

4,40377.04,3467,422

2,5942,6202,1542,3743,12318, 710

11.813173,723419,872

58,797269,206

10,80071,400

1.66712, 34757.1

12,61918,7384,838

792, 220747,459441,989

3,99472.6

4,3457,015

2,8992,7832,5912,6843,05619,553

251, 668863, 234265,849617, 487

147,81883, 810

90,521306,998

1,507189

95,106303,043

421, 740

52,6924,946

11.788189,104433,730

60,877269,685

11,61468,319

1.66712, 47056.0

13,08918,0794,980

938,135908,603434,296

4,25072.2

4,3106,828

3,4333,0573,1063,0953,10320,843

1,120 i134

89,264309,960

120

92,643315,242

11. 777163,246450,194

46,991276,793

9,73864,034

1.66710,977

50.98,942

20,1175,180

973,750964,479427,509

3,88074.2

3,6117,006

3,1503,1023,0872,9803,23613,084

11.818141,080456, 543

36,970289, 657

5,09962, 554

1.6678,97140.36,24622, 4415,564

726,183679, 623442, 507

1,492128

71,919333,108

4,03371.23,6757,291

2,9262,9533,3543,0753,4217,371

248,109723, 319206,586523,389

134,96282, 3637,948

340,463

47, 7334,413

1,372171

62, 418344,131

11.889108,169444, 247

30,042299,122

3,14661,369

1.6676,61630.4

4,68924,3946,160

793,568768,774416,742

4,03971.3

3,8817,393

3,5153,5183,1932,8303,7396,373

819103

51,338354,608

11.941113,598414,723

29,094296,411

3,25759 133

1.6675,83729.65,16325,0596,788

652, 251633,059415,324

3,88073.8

3,7677,459

2,4732,8942,8492,6883,935

18,676

3,645248

51,082354, 210

11.915163,801386,919

46,667297, 654

4,03857, 691

1.6678,443

38.67,879

25, 5867,554

1,077,3191,092,424397,351

4,19871.0

4,4617,145

2,7112,5033,3693,1194,140

20, 743

26, 542577.270137,517,323

149,30085, 372

9,252

350, 729

56,1144,374

1,060127

79,793358, 256

12. 030191,040385,276

r 58, 214297,426

6,71656, 727

1.66710, 402

48.810, 26525, 7477,544

956, 547885, 696422, 837

4,54379.7

4,3757,243

2,8852,6213,2782,8644,564

21, 956

r 1, 750223

100.3S1351,509

12.103190,670473,662

62,035309, 691

6,87760, 271

1.66711, 634

53.211,890

r 25, 502' 7, 540

1,161, 3821,117, 265

395, 303

4,84488.4

4,7957 215

2,9072,8483,1522,6584, 965

19,437

1,077140

96, 246358, 019

TEXTILE PRODUCTS

CLOTHINGHosiery:

Production thous. of dozen pairs..Shipments doStocks, end of month do

COTTONConsumption .thous. of bales..Exports (excluding linters)... doGinnings (total crop to end of month indicated)

thous. of bales..Imports (excluding linters) doPrices:

To producer dol. per lb..Wholesale, middling (New York) do

Production (crop estimate) thous. of bales..Receipts into sight. ..doStocks, end of month:

Domestic, total doMills do.. . .Warehouses... .do

World visible supply, total doAmerican cotton do

681230

36

.124

.127

305

4,6421,5513,0924,9042,837

9,4798,84720,314

555298

12

.114

.120

310

5,514989

4,5245,4233,579

9,9839,322

21,182

607156

.126

.132

201

4,834897

3,9384,8993,091

10,11111,15620,344

574182

1,37413

.122

.123

5,089752

4,3374,7482,986

10,82812,11719,263

630570

6,031

.125

.123

2,910

7,655849

6,8066,3784,578

11,56612,23518,801

646861

9,88010

.122

.123

3,510

9,4311,4038,0287,6795,845

10, 71610,84618,879

627690

11,494

.120

.122

2,236

10, 2111,7928,4188,1516,271

11, 28011,05419, 312

594

11, 70516

.123

.128*> 12,3991,189

9,7902,0017,7888,0026,038

11,3649,84520,830

678538

11,95715

.124

.130

708

8,8462,0666,7797,8125,525

11,31111,47420,667

664463

23

.124

.131

642

8,0222,0565,9667,4574r984

12,11612,55520, 229

779468

12,l

.135

.145

716

7,1172,0805,0376,7874,348

11, 54711, 37620, 399

719373

28

.137

.143

538

6,2011,9874,2146,2943,858

10,9209,757

21, 560

669324

.129

.133

337

5,4031,8153,5885,5963,361

T Revised. v Preliminary.*New series. Data on face brick shipments and stocks, compiled by the U. S. Department of Commerce, Bureau of the Census, supersede those shown in the Survey

irior to the January 1937 issue. Data beginning January 1934 are shown in table 34 on p. 20 of this issue.* Total crop.Digitized for FRASER




1937

June

1936 1937

June July j August Septem-ber October Novem-

berDecem-

ber January Febru-ary March April May

TEXTILE PRODUCTS—Continued

COTTON MANUFACTURES

Cotton cloth:Exports thous. of sq. yd.. 15,554Imports do 10,743Prices, wholesale;

Print cloth, 64 x 60 dol. per yd.. . 065Sheeting, brown, 4 x 4 do 085

Finished cotton cloth: tProduction:

Bleached, plain thous. of yd.. 119,672Dyed, colors do.. 92,190Dyed, black do 6,555Printed do . . . . 88,294

Stocks, end of month:Bleached, dyed colors and dyed black

thous. of yd.. 280,983Printed do . . . . 129,359

Spindle activity:Active spindles thousands.. 24, 556Active spindle hrs., total mills, of hrs.. 8, 595

Average per spindle in place.. .hours.. 319Operations per. of capacity.. 137.0

Cotton yarn:Prices, wholesale:

22/1, cones (Boston) dol. per lb_. .31140/1, southern spinning do • 452

RAYON AND SILKRayon:

Deliveries, index:Unadjusted 1923-25= 100- 517Adjusted do 646

3-mo. moving average do 10, 743Imports thous. of lb__ 2,389Price, wholesale, 150 denier, " A " grade

(N. Y.) dol. per lb_. .63Stocks, producers, end of mo. |

no. of months' supply-- 0.1Bilk:

Deliveries (consumption) __bales__ 35, 783Imports, raw thous. of lb._ 5, 521Price, wholesale, raw, Japanese, 13-15 (N. Y.)

dol. per l b - 1.827Stocks, end of month:

Total visible supplyt bales— 130,256United States (warehouses) do 45,556

WOOL

Consumption of scoured wool: 1Apparel class thous. of lb_. 20,045Carpet class _do.__. 9,571

Imports, unmanufactured do 29,518Operations, machinery activity:

Combspercent of active hours to total reported. _ 102

Looms:Carpet and rug do 65Narrow do 45Broad d o . — 89

8pinning spindles:Woolen do 93Worsted do__- 73

Prices, wholesale:Raw, territory, fine, scoured dol. per lb,_ 1.00Raw, Ohio and Penn., fleeces do . 438uiting, unfinished worsted, 13 oz. (at |

factory) dol. per yd__ 2.079Women's dress goods, French serge, 54" (at

mill) dol. per yd__ 1. 213Worsted yarn, 32's, crossbred stock (Boston)

dol. per lb__ 1. 43Receipts at Boston, total thous. of lb__ 53,149

Domestic do 41,315Foreign - do___. 11,833

Stocks, scoured basis, end of quarter, totalthous. of l b - 141,850

Woolen, total do. 48, 234Domestic d o . — 33, 039Foreign.. do 15,195

Worsted, total - —do 93,616Domestic do__._ 64,840Foreign do 28, 776

MISCELLANEOUS PRODUCTS

Buttons, fresh-water pearl:Production pet. of capacity.. 49.0Stocks, end of month thous. of gross.. 7,002

Fur, sales by dealers thous. of doL. » 3,118Pyroxylin-coated textiles (artificial leather):

Orders, unfilled, end of mo.thous. linear yd.. 2,886Pyroxylin spread thous. of lb_. 4,958Shipments, billed.... thous. linear yd.. 5,018

16,84314, 624

.054

.066

140,006116, 6046,58599,909

245, 948122, 210

23,0217,320259

111.0

.271

.413

498623626699

18, 5274,705

.059

.072

143,808123,5169,135

106,182

'184,649r 107, 294

23, 2527,855279

119.8

.295

.426

614808672

1,242

135, 60935, 409

20,0757,191

17,541

93

483674

87'58

.90

1.782

1.114

1.3054, 42150, 4243,997

147,05748,74738, 02410, 72398, 31072, 87425, 436

'51.98,0613,133

2,0004,9304,608

24, 4125,802

.059

.075

145,397132, 64211,082

109,283

208,818105, 691

23,4347,573

270115.8

.301

.430

633

5942,441

.60

0.4

42, 0166,315

1.791

145, 439 ! 156, 12530,139 29, 825

31,4,

1.

.58

1.0

437143

597

.60

0.7

36,6584,753

1.714

24,7859,05816, 079

.39

1.745

1.114

1.2966,70864,3002,408

42.67,6903,433

2,4604,6864,501

23,0308,53917, 546

106

564373

.38

1.634

1.114

1.2821,69420,1011,592

55.27,6603,575

2,6125,3754,972

14, 3877,098

.060

.075

148,115139, 2987,740

111,118

237, 240113, 614

23, 514

289125.8

.303

.444

537387483

2,072

.60

0.345, 7098,900

155, 25329, 553

21, 4779,20719,639

95

.38

1.634

1.074

1.2616,15613.1533,004

126, 84644, 57435, 3509,224

82, 27265,16117,111

56.07,5502,808

2,6686,0875,232

15,3598,034

.068

.077

167,411147,46410,437128,227

231,751117, 209

23, 6388,328298

123.3

.304

.448

504475494

1,113

.60

0.343, 0936,953

1.756

157, 50030, 300

25,86111,88023, 550

97

664672

9074

.90

.39

1.652

1.064

1.2515,47812,0603,418

61.07,4612,297

2,4106,0815,408

12,8439,648

.077

.080

148, 811124, 4467,107

122, 237

243,369115,491

23,8067,997288

129.9

.311

.452

538611583

1,513

.60

0.240, 4017, 214

1.935

165,71340, 713

23,9279,93725, 548

109

644282

83

.98

.43

1.782

1.101

1.3420,28015,5154,766

62.27,3952,850

2,6845,3215,094

13, 75015,123

.080

169, 520140, 5088,416

134, 003

253,413122,114

24,0908,679313

134.5

.341

.483

562662607

1,540

.60

0.141, 6277,275

180,11444,414

27,85111,35529,037

123

675294

10092

1.06.49

1.955

1.139

1.4718,9116,13912,772

129,20445,76335, 22310,54083,44144,48438,957

66.37,3493,941

3,6335,6485,495

14,50215, 591

.081

158, 507136, 4937,595

135,817

'248, 338115,428

24, 3658,587315

137.7

.347

.513

536547561

1,494

.60

0.144, 1987,413

2.051

160, 94450, 544

28,81412,80246,890

116

645697

105

1.11.52

1.955

1.151

1.4928,6025,12623,476

58.46,725

4,1105,9655,618

15,89219,278

.076

151, 363122, 2326,415

120, 758

250,148114,852

24,5368,353308

144.8

.344

.482

543476500

2,095

.60

0.138, 4846,472

1.993

152, 80849,408

25, 72212,81446,292

123

7259100

111

1.07.50

2.005

1.188

1.5038, 6182,40736,212

64.76,6124,444

4,7316,4985,806

20, 33922, 257

.079

.089

166, 600135, 5606,677

130,393

260,013113,050

24, 6399,698359

148.3

.364

.482

517488488

2,467

.60

0.139, 9345,026

2.012

146, 33141, 731

26,32812, 51148, 528

124

745897

10487

1.05.45

2.030

1.188

1.4634,7307,74526,985

120,526r 46, 315r 31, 751' 14, 564' 74,211' 26, 940r 47, 271

64.16,4655,228

5,1077,8037,412

16,32023, 931

.076

.095

155, 279125,154

7,172120,262

262,864119,571

24, 7289,165

340146.7

.363

.490

520500513

4,240

.63

0.140, 561

5, 742

1.975

142, 38240, 882

28,98212,84238, 201

122

705492

1.08.46

2.079

1.207

1.4525, 32210, 69714, 625

61.26,5054,839

4,4147,1566,766

17,38615, 090

.069

.090

140,065108, 888

7,729104, 410

' 276, 273' 125, 754

24, 6598,548

317137.7

.336

.479

530552566

2,917

.63

0.135, 2785,148

1.848

140, 80241, 302

22, 86210, 35029, 990

113

1.04

.42

2.079

1.2131.45

37, 97823,34014, 638

60.46,746

r 4, 855

2,8765, 5555,727

p Preliminary. ' Revised.t Revised series. For data on total visible supply of silk for period July 1930-December 1936, see table 11, p. 20, of the February 1937 issue. Data on finished cotton cloth,

revised beginning 1934; see table 31, p. 20 of this issue.f Data for April, July, October 1936, January and April 1937 are for 5 weeks; other months, 4 weeks.




1937

June

1936


berDecem-

ber

1937


TRANSPORTATION EQUIPMENT

AIRPLANES

Production, totalf.. - number.Commercial (licensed)f doMilitary (deliveries) t___ do . . .For exportf _ do . . .

AUTOMOBILESExports:

Canada:Assembled, total number..Passenger cars. . do

United States:Assembled, total do

Passenger cars -doTrucks do

Financing:Retail purchasers, total .thous. of doL.

New cars doUsed cars doUnclassified do

Wholesale (mfrs. to dealers) doFire-extinguishing equipment, shipments:

Motor-vehicle apparatus number..Hand-type do

Production:Automobiles:

Canada, total .doPassenger carsf do

United States, total t- doPassenger carst-- doTruoksf do

Automobile rims .thous. of rims..Registrations:

New passenger cars number..New commercial cars do

Sales (General Motors Corporation):To consumers in U. S doTo dealers, total doTo U. S. dealers _ do

Accessories and parts:Shipments, combined index. .Jan. 1925= 100..

Accessories for original equip doAccessories to wholesalers .doReplacement parts do.Service equipment do.

RAILWAY EQUIPMENT

(Association of American Railroads)

Freight cars owned & on order, end of mo.:Owned:

Capacity mills, of lb .Number thousands.

In bad order number-Percent in bad order

Orders, unfilled cars.Equipment manufacturers doIn railroad shops... do

Locomotives owned and on order, end of mo.:Owned:

Tractive effort.. mills, of lb..Number „

Awaiting classified repairs number..Percent of total

Installed __ number..Retired doOrders, unfilled do

Equipment manufacturers. . .doIn railroad shops.. _ do

Passenger cars:Owned by railroads. _ doUnfilled orders do

(U. S. Bureau of the Census)

Locomotives:Orders, unfilled, end of mo., total do

Domestic doElectric doSteam do

Shipments, domestic, total.. doElectric __ doSteam do

Industrial electric (quarterly):Shipments, total do

Mining use do

(American Railway Car Institute)

Shipments:Freight cars, total. do

Domestic doPassenger cars, to ta l . . do

Domestic do

(Railway Age)New orders:

Freight cars do.,Locomotives do..Passenger cars.. do..

4,758

59,

841919298394904142

236628

866139390

17419099167154

169, 8821, 729

184, 31310.9

41, 89529, 57712,318

2,16043, 6736,67615.3679429625937

37233146285381

37

142135

5,7205,705

7373

5282210

3942407381

4,4243,438

24,04214,9879,055

186, 550125,91659, 6061,028

174, 277

5635,110

16, 400r 12,846452,968375,33777, 6311,876

369,42356,851

189, 756217,931186,146

157166112151115

172,1561,772

254, 44714.6

25, 31115,9079,404

2,18644, 7439,11920.4911846759

39,912139

1141113576112

104

2,1722,056

1212

4,3202420

26313659

4,5453,367

22,52512, 7149,811

168,685112, 79554,980

910162, 404

6738,560

10, 475'7,901440, 731371,92268, 8091,716

357, 49063, 695

163, 459204, 693177, 436

13614588148109

172,0331,769

258,19814.8

24, 37315,0929,281

2,18544, 6828,90619.9601246557

11511237751239

1,9301,924

00

3662604561

3,4142,335

15, 7288,3237,405

140, 43691, 20648, 368

861127,032

36,573

4,660r2, 789271, 274209,35161,923

935

262,91259, 222

133,804121,94399, 775

11010875147106

171, 9341,767

256,90314.7

20,53012, 9247,606

2,18244, 5648,73619.6531714335

106101356618216

3,8543,804

3,22530

212124

20

3,5142,153

10,9394,5646,375

122,15876,56344, 768

82855,341

5931,105

4,655r 2, 223

135,16590,10145, 064

1,104

208,89654,611

85, 20119, 2884,669

11410898

153105

171, 7001,763

241, 57313.9

18,43411, 7876,647

2,17944,451

18.106215

5044

39, 705183

113102396313

4,9644,963

11

3,100240

247120

1,822

16,7209,8946,826

100, 69658, 48641, 580

63072,086

6434,309

5,361'4,448

224, 688190,24234, 446

1,847

171,31941, 207

44, 27490, 76469,334

13814499

158109

171,7101,762

226,09513.0

13,2917,2516,040

2,17644,3147,929

17.957

2236764

3

1251173681

743

8,2056,205

4040

1,31022

5

20799

32

5,1324,715

27,42820, 032

107,83770, 57236, 598

667129,829

6031,440

10, 81210,086

394,987341, 08553,902

2,173

223, 56030, 222

155, 552191, 720156, 041

15016796

139103

171,5861,759

217, 24312.5

16, 57910,9745,605

2,17344, 2087,782

17.658

157111102

330321

34287

3,7993,799

1616

1,55017450

2671079565

3,9042,772

35, 28924, 78810, 501

141, 03694, 07546, 055

906180,422

7135,106

' 20, 248' 15, 957498, 710425, 365

73, 3451,942

327,30342, 205

173, 472239,114197,065

16419883

11391

170,4101,745

205,14611.9

23,42117, 7555,666

2,16744, 0357,350

16.757

250297279

18

• 39, 932177

36836431

33321

109104

3,5133,483

1212

17, 230

2111254046

5,2503,330

32, 69120, 09912,592

102,02161,43740,045

539154, 260

5039,001

19,583' 14, 697380, 051309, 637

70,4142,124

280,61547, 609

92, 998103,66870,901

15417893

11699

170,1091,741

205, 50011.9

33,60827,4146,194

2,16643,9817,228

16.595

119362339

23

387384

30354

163

13

2,8462,766

22

10,8814670

1791103435

4,4242,339

27,52817,01410,514

98, 43755,42142, 528

488123,118

5839,654

19,707' 14,173363, 991296, 63667, 3552,022

214, 97341,815

51, 60074,56749, 674

152166124131106

169,8871,738

201,96011.7

39, 72931,2148,515

2,16443,875

7,14216.3

30132375352

23

416412

31

2,6442,615

2828

10, 53233

154

1811073341

7,0785,040

33, 76222, 63311,129

163,891102,499

60, 665727

193,721

8541,869

'24,901' 19,127494, 276403,879

90, 3972,166

363,57360,291

196, 095260,965216, 606

15717496

134139

169,6821,733

187, 22711.0

44, 70834,31410,394

2,16243,7907,083

16.239

126359334

25

39, 737403

417415

33382

285

23

9280

5,5415,520

33

6,20029

162

5,7393,932

35, 08222, 82712, 255

171,842105, 039

66, 077726

176, 572

7449, 638

17,08112,927

536, 334439, 980

96, 3542,270

385, 27767, 884

198,146238, 377199, 532

17819992

155160

169, 6651,732

188,48911. 1

46,19735,81410, 383

2,16143, 766

6,95615.9

7496

345311

34

40338228

35447

542

6,7116,711

33

13, 0468452

5,0473,636

38,27023, 44714, 823

181,021113,185

67, 062774

188,371

44,162

23, 45817, 980

516, 899425,432

91,4672,190

'391,697-65,857

178, 521216, 654180, 085

181202103152157

• 169, 8391,731

192,28611.3

44,39731,80212, 595

' 2,159' 43, 700

6,78715.5

62126329288

41

368347

32143

41

6,0306,030

3, 903148

v Preliminary. r Revised.t Revised series. For 1936 revisions for airplanes see p. 55 of the March 1937 issue, and for automobiles for the United States for 1936, p. 55 of the June 1937 issue. Revi-

sions not shown above for Canadian production of passenger cars for 1936 are as follows: January 10,897, February 10,661, March 14,198, April 20,145, and May 16,218.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1937 1936

June June July August October Nob™m"

1937


TRANSPORTATION EQUIPMENT—Continued

RAILWAY EQUIPMENT—Continued(U. S. Bureau of Foreign and Domestic Commerce) |Exports of locomotives, total number..

Electric doSteam doINDUSTRIAL ELECTRIC TRUCKS

AND TRACTORSShipments, total number-

Domestic doExports do

SHIPBUILDINGUnited States:

Vessels under construction, all typesthous. gross tons. .

Steam and motor doUnrigged ..do

Vessels launched, all types gross tons..Powered:

Steam doMotor do

Unrigged doSteel -. —do

Vessels officially numbered, all typesgross tons..

Steel - - d oWorld (quarterly):

Launched:Number. shij)S..Tonnage thous. gross tons_.

Under construction:Number. ships..Tonnage thous. gross tons—

1531494

36626699

15,014

010,1464,868

15, 014

54, 69320, 798

269720

8152,883

1549460

5,161

0125

5,0365,036

22,04012,885

230467

1131103

21313281

3,911

15,94911, 407

588 |_1,951 j .

12511510

22116952

9,999

0 | 0475 ! 1,441

3,436 8, 5583,436 9, 758

14,1183,992

11210111

21015951

23,282

12411311

20115150

24,007

9,300 j 7,4510 810

13,982 15,74623, 282 24,007

5,953 44,0912,857 33, 423

|258516

5812,111

1111038

22315370

12, 298

9,874250

2,17412, 098

31,87122,607

1291227

24818068

24, 048

16,614297

7,13724, 048

44, 73714,879

253684

6182,251

152146

23716373

22,100

17, 5710

4,52922,100

36, 59120,791

14213111

28119091

4,060

00

4,0604,060

66, 62817, 557

1411356

703!,452

162 I156

162158

32322598

18,018

010, 0178,00117, 793

186,67324,765

195479

34224399

7,178

0140

7,0387,178

54, 02010, 022

380276103

8,675

7250

7,9508,675

17, 3086,876

CANADIAN STATISTICS

Physical volume of business:!Combined index 1926=100__

Industrial production:Combined index do

Construction doElectric power .doManufacturing doForestry doMining do

Distribution:Combined index do

Carloading doExports (volume).. doImports (volume) doTrade employment do

Agricultural marketings:Combined index do

Grain _ doLivestock do

Commodity prices:Cost of living.. doWholesale prices do

Employment (first of month):Combined index do

Construction and maintenance doManufacturing doMining doService doTrade do,.—Transportation do

Finance:Banking,:

Bank debits mills, of dol—Interest rates 1926=100--

Commercial failures number.-Life insurance, new paid for ordinary

thous. of dol—Security issues and prices:

New bond issues, total doBond yields .-percent-Common stock prices 1926=100—

Foreign trade:Exports, total thous. of dol—Imports doExports:

Wheat thous. of bu__Wheat flour -.thous. of bbl_.

Railways:Carloading thous. of cars—Financial results1.

Operating revenues thous. of dol—Operating expenses doOperating income do

Operating results*.Freight carried 1 mile mills, of tons—Passengers carried 1 mile mills, of pass—

Production:Electrical energy, central stations:

mills, of kw.-hr—Pig iron thous. of long tons—Steel ingots and castings doWheat flour thous. of bbl—

82.6

114.3305. 2117.9151.9129.0131.586.7

105, 033

108, 85775, 669

12,180

2,25378119

111.1

113.048.2215.8111.3124.1160.6

105.673.6104.388.7127.8

45.132.4101.8

80.072.3

102.087.0103.4132.1123.0127.185.4

3,13673.3100

32, 277

190,1793.51113.8

79, 94257, 598

25, 764430

201

26,04924,049

832

1,775148

2,0295682

1,149

110.8

112.043.7215.8109.5124.2169.0

107.379.3107.985.7128.0

77.574.889.2

80.474.4

104.697.4104.7134.1131.7127.387.1

2,89472.0104

32, 573

70,6923.45114.3

84,96853,821

25,913445

203

27,30125,335

890

r 2, 242195

2,0213569

1,301

113.5

115.837.9212.4114.8121.9180.8

106.979.5117.579.0127.2

317. 6124. 586.9

81.076.2

105.6102.9104.9137.9135.8126.388.7

2,61971.287

25,011

26, 7913.41114.7

93, 53050,258

21,157

388

222

28,63726,0261,615

r 2, 684183

2,0203980

1,363

120.0

123.944.5211.0126.5128.2171.7

108.581.6308.785.3129.1

116.6120.1100.9

81.176.4

107.1109.0105.9140.2137.5126.389.4

3,134

26, 966

177.8703.35119.5

89, 58252,983

20, 720378

33,10325,5746,609

3,055165

2,0425286

1,516

121.5

125.544.0225.7129.0132.4163.0

109.978.0115.896.6130.2

90.389.992.2

81.177.1

110.1103.9109.0147.9127.4129.688.3

3S32872.294

30,092

124, 6653.46126.9

1*3, 00365,159

26,917464

263

33,84024,7008,255

' 3, 266127

r 2,3807098

1,701

118.0

121.742.7

215.6125.5133.0157.2

107.474.4

106.195.7

129.0

72.767.994.0

81.477.2

111.099.6

107.7151.8124.9132.087.1

3,30371.8

94

37,813

51,0183.44

131.8

122,86666,169

33,309409

220

29,03422,1605,884

2,376107

2,2627499

1,459

118.4

121.140.8

219.3123.1150.4168.5

110.685.0

107.693.5

129.5

51.040.1

81.779.7

110.180.1

107.0150.3122.4136.086.5

3,40569.7102

36, 904

94, 2793.34

129.2

99, 40752,996

20,428475

206

30,10822,5796,385

2,161169

' 2,32668

1041,090

116.9

119.437.7223.5122.8149.9156.8

109.879.4107.493.3131.2

42.029.697.2

81.681.3

103.861.2102.4145.6124.8136.981.4

3,22870.482

28, 764

207, 2823.37137.4

83,41651,883

9,789314

192

25,14022,8901,146

2,053131

2,31966115

1,009

115.0

117.745.5225.3116.4138.1170.1

107.277.797.984.4130.5

31.417.991.7

81.782.9

104.157.2105.3147.6119.1128.480.7

2,73274,392

100,5393.56142.4

75, 69148,681

5,362348

186

24,71022,1991,451

1,936132

r 2,14762112

1,000

118.7

122.483.0237.7115.4138.0161.1

107.980.689.085.0131.3

37.324.594.7

82.085.5

102.852.8107.6145.8118.9126.179.6

3,19078.585

' 124.0

' 128. 885.7239.3

r 120. 3138.0185.2

r 110. 280.2107.0'99.0130.4

62.356.588.6

82.286.1

103.053.7110.8146.0122.7127.579.5

3, 37077.9

122.0

126.156.4232.3122.3133.6191.4

110.479.5108.090.8132.8

53.146.781.5

82.885.1

106. 371.4113.8147.4125.2128.485.1

2,76974.5

2,41271

1251,099

2,30178

121900

*• Revised. tRe vised series; for 1936 revisions see p. 56 of the March 1937 issue.

D . S . GOVERNMENT PRINTING OFFICE: 1 9 3 7Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

INDEX TO MONTHLY BUSINESS STATISTICS

Abrasive paper and clothAcceptancesAccessories—automobileAdvertisingAfrica, United States trade withAgricultural products, cash income received

from marketings ofAgricultural wages, loansAir-conditioning equipmentAir mailAirplanesAlcohol, denatured, ethyl, methanolAluminumAnimal fats, greasesAnthracite industry 22,Apparel, wearing 23, 28.Argentina, United States trade with; ex-

change; fiaxseed stock 33,Asia, United States trade withAsphaltAutomobiles 22,26,28,Babbitt metalBarleyBathroom accessoriesBeef and vealBeverages, fermented malt liquors and dis-

tilled spiritsBituminous coal 22,Boilers and boiler fittingsBonds, prices, sales, value, yieldsBook, publicationBoxes, paper, shippingBrassBrazil, coffee; exchange; United States trade

with 33BrickBrokers' loansBronzeBuilding contracts awardedBuilding costsBuilding materialsBusiness activity index (Annalist)Business failuresButterCanadian statisticsCandyCanal trafficCapital issuesCarloadingsCattle and calvesCellulose plastic productsCement 22,28Chain-store salesCheeseChile, exchange, United States trade with__Cigars and cigarettesCivil-service employeesClay products 28Clothing 23,24, 28Coal _ 12CocoaCoffee 23Coke___Collections, department storesCommercial paperCommunicationsConstruction:

Contracts awarded, indexes 24Costs 25Highways 25Wage rates 31

Copper 50Copra and coconut oil 40Corn__ 42Cost-of-living index 23Cotton, raw and manufactures 23, 24, 53, 54Cottonseed, cake and meal, oil 40Crops 23, 40, 42, 43, 53Dairy products 23, 24, 41, 42Debits, bank 32Debt, United States Government 34Delaware, employment, pay rolls 29,30Department-store sales and stocks 27Deposits, bank 32Disputes, labor 29Dividend payments 36Douglas fir A7Earnings, factory 30,31Eggs-- . 23,44Electrical equipment , 50Electric power, production, sales, revenues-. 22, 41Electric railways 37Employment:

Cities and States 29Factory 27,28, 29Nonmanufacturing 29Miscellaneous 29

Emigration 38Enameled ware 48Engineering construction 25England, exchange; United States trade

with 33,37Exchange rates, foreign 33Expenditures, United States Government 34Explosives 39Exports 37Factory employment, pay rolls 27, 28, 29,30, 31Failures, commercial 32,33Fairchild's retail price index 23

Page52

31,3255

25,2637

2331,32

4926

38,55395039

29,4530,53

37,403746

30,5550425343

4129,45

4935,36

525251

37,445332512425

24,4722

32,334156443835

22,384340

30.5326,27

4133,37

4429

30,5330,5329,45

4424,44

4527

31,3238

PageFares, street railways 37Farm employees 29Farm prices, index 23Federal Government, finances 34Federal-aid highways 25,29Federal Reserve banks, condition of 32Federal Reserve reporting member bank

statistics 32Fertilizers 39Fire-extinguishing equipment 55Fire losses 25Fish oils and fish 39,44Fiaxseed 40Flooring, oak, maple, beech, and birch 47Flour, wheat 43Food products 22-24,28,30,41Footwear 46,52Foreclosures, real estate . 25Foreign trade, indexes, values 37Foundry equipment 49France, exchange; United States trade with. 33,37Freight cars (equipment). 55Freight carloadings, cars, indexes 38Freight-car surplus 38Fruits 23,42Fuel equipment 49Fuels 45,46Furniture 47Gas, customers, sales, revenues 41Gas and fuel oils 45Gasoline - 45Gelatin, edible 44General Motors sales 55Glass and glassware 22,28,30,53Gloves and mittens 46Gold 33Goods in warehouses 26Grains 23,24,42,43Gypsum 53Hides and skins . 24,46Hogs 43Home loan banks, loans outstanding 25Home Owners' Loan Corporation 25Hosiery 53Hotels 29,31,38Housing 23Illinois, employees, factory earnings 29,30,31Imports 37Income-tax receipts 34Incorporations, business 26Industrial production, indexes _, 22Installment sales, New England 27Insurance, life ___ 33Interest payments _, 36Interest rates 32Investments, Federal Reserve reporting

member banks , 32Iron, ore; crude; manufactures 22,48Italy, exchange; United States trade with... 33,37Japan, exchange; United States trade with__ 33,37Kerosene 46Labor turn-over, disputes . 29Lamb and mutton 43Lard 43Lead 22,50Leather 22,24,28,30,46Leather, artificial 54Liberty bonds 35Linseed oil, cake, and meal 40Livestock 23,24,43Loans, agricultural, brokers', time, real

estate 31,32Locomotives 55Looms, woolen, activity 54Lubricants 46Lumber 22,24,27,28,47Lumber yard, sales, stocks 47Machine activity, cotton, silk, wool 54Machine tools, orders 49Machinery . 27,28,30,49,50Magazine advertising 25, 26Manufacturing indexes 22Marketings, agricultural 23Maryland, employment, pay rolls 29,30Massachusetts, employment, pay rolls 29, 30Meats 43Metals. _ 22-24,27-30Methanol 39Mexico:

Silver production 34United States trade with 37

Milk 42Minerals 22,45,50Money in circulation 33Naval stores 39Netherlands, exchange 33New Jersey, employment, pay rolls 29,30Newsprint 52New York, employment, pay rolls, canal

traffic 29,30,38New York Stock Exchange 35,36Notes in circulation 32Oats 42Oceania, United States trade with 37Ohio, employment 29Ohio River traffic . . . 38Oils and fata. 39Oleomargarine 40Paints 41

PagePaper and pulp r 23,24,28,30,51,52Passenger-car sales index 26Passengers, street railways; Pullman 37,38Passports issued - 38Pay rolls:

Factory 30Factory, by cities and States._ 30Nonmanufacturing industries 30,31

Pennsylvania, employment, pay rolls 30Petroleum and products. __ 22,24,28,29,30,45,46Pig iron 22,48Pork 43Postal business . 26Postal savings 32Poultry... 23,24,44Prices:

Cost of living, indexes 23Farm indexes 23Retail indexes 23Wholesale indexes 23,24World, foodstuffs and raw material 24

Printing . 28,30, 52Production, industrial 22Profits, corporation 34Public finance 34Public utilities 24,29,30,36Pullman Co : 38Pumps 49Purchasing power of the dollar 24Radiators 48Radio, advertising. 26Railways; operations, equipment, financial

statistics 38,55,56Railways, street 37Ranges, electric 50Rayon 54Reconstruction Finance Corporation, loans

outstanding .__ . 34Refrigerators, electric, household 50Registrations, automobiles 55Rents (housing), index. 23Retail trade:

Automobiles, new, passenger 26Chain stores:

5-and-10 (variety) 26Grocery 26

Department stores 27Mail order 27Rural general merchandise _, 27

Roofing 40Rice__ ___ 42Rubber, crude; scrap; clothing; footwear;

tires _ __ 22,24,28,30,52Rye _ 43Sanitary ware _. 48Savings deposits 32Sheep and lambs ._, 43Shipbuilding 22,28,30,56Shoes 22,24,28,30,46Silk.. 22,23,24,54Silver . 22,34Skins 46Softwoods 47Spain, exchange 33Spindle activity, cotton 54Steel, crude; manufactures 22,48,49Stockholders 36Stock indexes, domestic and world 23Stocks, department stores 27Stocks (see individual commodities).Stocks, issues, prices, sales 36Stone, clay, and glass products 22,28,30,53Sugar._ ._ _ 23,24,44Sulphur 39Sulphuric acid 39Superphosphate. _,- 39Tea.__ 23,24,44Telephones and telegraphs 38Terneplate . 50Terra cotta 53Textiles, miscellaneous products 54Tile, hollow building S3Timber 47Tin and terneplate 23,24,50Tires___ 22,24,28,30,52Tobacco 22,26,28,30,44Tools, machine 49Trade unions, employment 29Travel 38Trucks and tractors, industrial electric 56United Kingdom, exchange; United States

trade with 33,37Uruguay, exchange 33United States Steel Corporation 31,36,49Utilities _. 29,30,34,35,36,41,55Vacuum cleaners „_,_, 50Variety-store sales index 26Vegetable oils 39,40Vegetables.._ 23,42Wages . . . _ 31Warehouses, space occupied 26Waterway traffic 38Wheat and wheat flour _ 23,24,43Wholesale prices 23,24Wire cloth _ 51Wisconsin, employment, pay rolls 29,30,31Wood pulp m _, 51Wool. _ „ 22,54Zinc . . . _ 22.50


Sources of Current Trade StatisticsMarket Research Series No. 13

A bibliographical reference book covering approximately 3,000 series of statis-tical reports issued by 240 governmental departments and commissions, trade associa-tions, private research organizations, and trade and technical journals.

Approximately three-fourths of the series listed are carried in the Survey of CurrentBusiness, but users of the Survey will find of interest references to the availability ofadditional statistical material not published currently in this periodical.

Sources of Current Trade Statistics is a book which should be a part of the equip-ment of libraries, statistical departments, and students interested in current economicchanges.

Copies are obtainable at 25 cents each from the Bureau of Foreign and DomesticCommerce, Washington, D. C, or through any of the Bureau's offices located in principalcities throughout the country. Copies are NOT obtainable from the Superintendentof Documents.

Stories of American IndustryTo bring out the lighter and more interesting side of the history and the progress of

American industry the Department of Commerce recently inaugurated a series of weeklybroadcasts which have been presented to the public over a coast-to-coast network ofthe Columbia Broadcasting System. To date more than 20 typical American industrieshave been discussed.

No phase of American history and progress is so packed with romance as that ofour industrial growth. The cotton gin, the Bessemer process, the tireless experiments ofEdison, the application of steam to transportation—these and many other developmentshave been highlights and stepping stones of American industrial progress.

Demand for these weekly talks has been so great that those made up to June ofthis year have been published in a handy booklet. Copies of this booklet may beobtained, for 10 cents each, from the Superintendent of Documents, GovernmentPrinting Office, Washington, D. C, or through offices of the Bureau of Foreign andDomestic Commerce located in principal cities throughout the country.


SCB_081937

Documents

foreign trade

domestic trade

weekly business statistics

allied products

textile products

glass products

percent of sales

business situation