This PDF is a selection from an out-of-print volume from the NationalBureau of Economic Research

Volume Title: Capital Consumption and Adjustment

Volume Author/Editor: Solomon Fabricant

Volume Publisher: NBER

Volume ISBN: 0-87014-034-5

Volume URL: http://www.nber.org/books/fabr38-1

Publication Date: 1938

Chapter Title: Appendix B: Tables I-VIII

Chapter Author: Solomon Fabricant

Chapter URL: http://www.nber.org/chapters/c4725

Chapter pages in book: (p. 255 - 275)

Appendix B

Tables 1—Vill

Appendix B

Tables I—'VIII

Table I

Business Depreciation Charges, 1929—1934

Corporations itt Non-Manufacturing Subgroups (Unit:

1929 1930 1931 1932 1933 19341

Agriculture and relatedindustries 29.8 32.2Farming 25.7 28.2

Related industries 4..1 4.0Mining and quarrying 228.3 194.4 194.3 165.8 153.1 174.9

Metal mining 49.1 42.6 34.3 25.2 23.9 19.9Coal, anthracite 17.7 11.2 12.6 12.0 ii.6 9.9Coal, bituminous 49.1 45.9 43.0 39.9 36.7 42.0Oil and gas 80.5 63.2 74.9 62.0Nonmetallic mining andother 31.9 31.6 29.5 26.7 24.8 25.6

Transportation and otherpublic utilities 982.6 1,022.5 1,123.2 1,061.7 996.1 1,004.8Water transportation 33.4 30.2 35.6 34.9 35.3 53.5Aerial transportation 5.8 7.6 g.6 8.6 7.2 5.7Autobus lines 31.0 30.2 30.7 24.4 20.7 23.2Steam railroads 189.8 180.3 216.5 170.6 155.5 149.9Electric railways 80.4 74.6 73.8 76.9 68.3 90.7Electric light and power 247.2 277.7 314.4 328.9 308.9 282.7Gas companies 45.3 58.1 64.9 64.6 67.6 67.1Cartage and storage 45.0 45.5 49.9 43.8 40.2 39.9Telephone and telegraph 208.6 233.9 246.4 232.9 219.0 200.9Radio broadcasting 3.2 6.4 7.8 7.9 7.7 3.6Water companies 8.g 12.3 17.8 i6.8 12.7All other public utilities 83.9 6g.6 61.2 50.5 48.9 75.0

256

APPENDIX II 2571929 1930 1931 1932 1933 19341

Trade 299.8 308.7 312.6 278.3 253.5 265.1

Wholesale 61.3 62.3 54.9 r,o.8

Retail i6i.6 169.5 174.3 159.6 152.7 138.1

Wholesale and retail 45.4 49.9 49.6 40.7 33.5 63.5

Commission 6.2 5.8 3.8All other 25.3 ig.8 21.6

Service 192.6 1934 190.6 225.5 202.5 202.6• Domestic 96.4 102.5 101.7 141.1 129.0 137.3

• Amusements 68.4 62.0 62.4 60.0 51.4 42.7• Theaters 4.3 3.0 2.5 3.1 1.3 .6

Motion producers 27.3 20.2 • 22.1 13.5 13.0 8.4Motion picture theaters 24.0 24.2 24.9 31.2 26.1 22.7Other amusements 12.7 14.5 12.9 12.2 11.0 11.0

Professional 10.7 10.9 9.3 8.7 7.7 8.6Business 10.7 ii.6 10.7 9.8 7.9 8.7

All other 6.3 6.4 6.o 6.5 5.3Finance and real estate 307.0 336.4 350.8 300.1 290.7 322.0Stock and bond brokers 8.3 8.o 7.2 5.3 4.8Real estate and realtyholding 193.9 218.8 231.5 187.5 180.9 213.6Life insurance 8.8 g.6 10.9 13.6 18.9 24.0Other insurance 3.6 4.6 5.9 5.6 6.3 5.6Loan and finance 27.8 27.4 27.6 25.9 24.1 26.4Banks 64.6 68.t 67.7 62.2 55.8 50.9

Construction 46.7 43.1Building and constructionabove ground 12.9 7.3Other construction under-ground and on surface 29.5 .30.7Shipbuilding and repairing

• 4.3 5.0

SOURCE: Special tabulations: of the Treasury Department; no information isavailable for the subgroups in agriculture and construction for 1929—32.Changes from one year to another are sometimes due to shifts in industrialclassification.1 Not quite comparable with earlier years because based on non-consolidatedreports; see footnotes to Table i.

I

258 TABLES 1—Vill

Table II

Business Depletion Charges, 1929—1934

Corporations in Non-Manufacturing Subgroups (Unit:

1929 1930 1931 (932 1933 19341

Agriculture and relatedindustries 3.7 4.8

Farming .2 .4Related industries 3.6 44

Mining and quarrying 242.8 182.7 108.4 101.7 114.1 184.5

Metal mining 80.5 6i.o 33.9 21.2 32.8 37.6Coal, anthracite 7.2 6.4 6.4 5.2 3.6 7.2

Coal, bituminous 18.5 i6.o 10.2 9.7 11.9 14.8

Oil and gas 106.5 75.6 41.4 52.1 50.0 104.1

Nonmetallic mining andother 30.0 23.7 13.5 15.7 20.9

Transportation and otherpublic utilities 28.6 26.7 22.9 22.3 15.4 10.7Water transportation .2 .1

Aerial transportationAutobus lines .1

Steam railroads 4.0 8.i 5.2 4.8 i.8Electric railwaysElectric light and power 9.3 6.4 9.0 5.0 .1

Gas companies 7.7 8.o 8.5 7.3 6.6 9.2Cartage and storage .i .1

Telephone and telegraph .1

Radio broadcastingWater companiesAll other public utilities 7.3 4.0 3.5 .9 1.3 1.0

APPENDIX B 259

1929 1930 1931 1932 1933 19341

Trade 2.1 2.0 i.t 1.0 14Wholesale .6 .7 .6 .6 .9Retail 1.0 .6 1.2 .3 .2 .3Wholesale and retail .7 4.3 .1 .2

Commission ., .. .. .. .1 .1

All other .3 .2 .1 .1 .1

Service .2 .6 .4 .3 .3Domestic .2 .1 .4 .2 .1 .1

Amusements .1 .1 .1 .1 .2

TheatresMotion picture producersMotion picture theaters .1 .. .1

Other amusementsProfessionalBusiness .. .1

All other .i .1

Finance and real estate 6.i 4.4 3.4 2.3 2.3 2.8

Stock and bond brokers .. .t .1 .1 .. .1

Real estate and realty holding 2.8 2.2 i.8 1.0 .8 i.tLife insuranceOther insurance .. .. .. .. ..Loan and finance i.8 1.3 1.1 1.4 1.5

Banks .3 .2

Construction .2 .3Building and constructionabove groundOther construction under-ground and on surface .1

Shipbuilding and repairing

SOURCE: Special tabulations of the Treasury Department; no information isavailable for subgroups in agriculture and construction for 1929—32. Changesfrom one year to another are sometimes due to shifts in industrial classification.1 Not quite comparable with earlier years because based on non-consolidatedreports; see footnotes to Table i.

260 APPENDIX B

Table III

Business Depreciation and Depletion Charges, 1919—. 19

By Industries (Unit:

OLD CLASSIFICATION1919 1920 1921 1922 1923 1924 1925 1926

Industrial groupForestry and fishing 1 9.0 9.9 10.9 11.4 12.1 13.0 14.4 i6.oMining 507.5 612.6 541.6 583.6 705.2 687.4 592.0 533.9Transportation andother public utilities 369.3 336.8 454.9 497.2 533.8 595.7 744.8Service 77.0 89.4 99.0 131.2 129.0 148.1 155.2 324.0Finance and realestate 306.3 342.3 289.1 411.4 337.0 399.3 425.5 526.5Manufacturing 1,151.5 1,293.1 1,287.4 1,485.4 1,572.9 1,552.4 1,649.5 1,903.2Construction 104.5 114.2 94.1 103.9 90.8 104.5 126.6 100.5

Trade. 333.4 300.9 302.5 302.3 348.2 351.2 407.9 400.9Miscellaneous 37.9 35.7 33.2 27.4 28.5 14.2 9.2 1.0

Grand total 2,896.4 3,134.9 3,511.5 3,720.9 3,803.9 3,976.0 4,550.8

Ma

Food and tobacco 201.1 175.6 172.2 i86,o 197.0 211.8 216.2 227.5Textiles andleather '57.3 184.4 189.7 218.2 199.2Lumber ;tnd stone,clay and glass 148.0 178.7 195.1 210.7 204.8 205.6 230.6Paper 34.7 44.0 45.3 46.7 48.8 48.5 57.4l'rinting andpublishing 33.8 43.o 49.8 49.3 49.1 54.8 6o.6 64.1Metals 347.9 400.2 368.0 375.2 429.5 472.0 498.3 534.3Chemicals 111.9 172.3 188.2 314.5 302.2 255.6 317.6 501.0Misc. manu(ac-turing ij6.o 122.1 119.4 134.2 146.2 ioi.8 82.2 8g.iTotal manufac-turing 1,151.5 1,293.1 1,287.4 1,485.4 1,572.9 1,552.4 1,649.5 1,903.2

SOURCE: See note to Ch. 41 Excluding farmers. Included among 'Miscellaneous' in Tables i and

Shift of concerns operating apartment houses or office buildings from "Finance-realestate" to "Domestic service, laundries, hotels, restaurants, etc." (Statistics of income,1932, p. 22).

TABLES 1—VIlI 261

NEWCLASSIFICATION 4

1927 1928 1929 1930 1931 1932 1933 (934 £934 £935

13.9 14.1 i6.8 12.2 9.2 7.7 8.i 8.5 9.5484.4 438.7 492.2 394.1 316.2 2'79.5 279.1 300.2 368.6 371.9

814.3 923.0 1,011.2 1,049.2 1,146.1 1,083.9 1,011.5 984.5 1,015.5 1,044.9198.8 226.4 260.0 260.6 257.5 304.3 2 273.2 263.1 273.2 283.8

486.5 559.4 614.7 608.6 2 563.8 552.7 590.1 583.5

1,961.7 2,062.6 2,155.7 2,194.0 1,974.5 1,801.9 1,745.4 1,701.8 1,525.1 1,514.8

107.8 119.7 131.5 109.7 99.3 92.5 96.7 85.5 89.7 90.2418.2 454.2 472.5 481.8 484.0 423.4 376.0 361.9 394.3 391.0

i.8 0.9 1.1 o.8 1.1 0.5 0.4 i.8 o.6 0.7

4,487.4 4,799.0 5,144.7 5.1 17.1 4,896.5 4,549.3 4,353.8 4,259.6 4,265.6 4,290.3

234.5 237.7 247.4 252.6 243.3 232.7 224.0 222.9 207.4 194,4

204.2 208.9 210.8 201.3 200.0 175.6 182.5 163.6 164.3 159.0

226.7 238.8 229.3 216.2 177.1 149.8 144.6 139.7 138.1 137.1

60.3 67.1 66.7 68.6 69.5 65.5 66.7 64.7 64.6 63.8

64.1 67.5 73.1 72.7 79.1 67.8 63.5 58.9 56.0 54.9

555.7 593.0 627.8 634.7 565.5 500.6 485.6 481.9 440.6 448.2528.7 562.7 604.2 642.1 542.0 522.2 494.6 493.8 379.7 394•3

87.6 86.9 96.4 105.8 98.0 87.7 83.9 76.3 74.4 63.1

1,961.7 2,062.6 2,155.7 2,194.0 1,974.5 1,801.9 1,745.4 1,701.8 1,525.1 1,514.8

3 Consolidated corporate reports classified by predominant business of group as awhole.4 Constituent companies of consolidated groups classified separately.

262 APPENDIX B

Table 1V

Business Depreciation and Depletion Charges, 1919—1935

Corporate and Non-Corporate Establishments (Unit:

OLD CLASSIFICATION 1.ESTABLISHMENTS 1919 1920 1921 1922 1923 1924 1925 1926

Corporate 2,255.9 2,514.1 2,573.2 2,889.1 3,116.2 3,186.8 3,329.8Non-corporate,total 1,650.5 1,693.8 1,467.1 1,498.4 1,469.7 1,501.1 1,578.2 1,633.r

Farmers i,oio.o 1,073.0 946.0 876.0 865.0 884.0 932.0 924.(Others 640.5 620.8 521.1 622.4 604.7 617.1 64.6.2 709.r

Grand total 3,906.4 4,207.9 4,040.3 4,387.5 4,585.9 4,687.9 4,908.0

SOURCE: See note to Ch. 41 Consolidated corporate reports classified by predominant business of group aswhole.2 Constituent companies of consolidated groups classilled separately.

TABLES 1—VIlI 263

CLASSIFICATION 2

1927 192ff 1929 1930 1931 1932 1933 1934 1934 1935

4,112.4 4,429.6 4,449.2 4,270.2 3,939.7 3,742.3 3,674.0 3,674.() 3,700.9

1.568.3 1,615.6 1,663.1 1,592.9 1,499.3 1,4.41.6 1,400.5 1,400.6 1,406.6 1,395.4

929.0 929.0 948.0 925.0 873.0 832.0 789.0 815.0 8o6.o

639.3 686.6 715.1 667.9 626.3 609.6 585.6 59L.6 589.4

5,416.4 5.728.0 6.092.7 6,042.1 5,769.5 5,381.3 5,142.8 5,074.6 5,()80.6 5,096.3

Table V

Total Property Loss due to Tornadoes, 1919—1935

(Unit: $x,ooo,ooo)

1919 6.9 1929 10.0

1920 15.2 7930 12.3

1921 5.4 193t 3.2

1922 6.6 1932 9.01923 3.0 1933 16.2

1924 26.1 1934 3.8

1925 24.0 1935 4.91926 4.31927 43.41928 13.2

SOURCE: Reported total property loss (including loss on homes, inventories, etcas compiled by the U. S. Weather Bureau and published in its annual reports

264 APPENDIX B

Table VI

Derivation of Gross Decrease in Animals on Farms, 1919—1935,Current and 1929 Prices

A Horses1919 1920 1921 1922 1923 1924

i No. of horses on farms as ofJan. i i (000's) 21,482 20,161 19,423 iS,80i 18,149 17,386

2 Change in no. on farms 2 (000's) —1,321 —738 —622 —652 —763 —735Estimated no. born 3 (ooo's) 1,198 837 694 556 533

4 Estimated no. died or sold oftfarms 4 (000's) 2,519 1,733 1,459 1,346 1,319 1,268

Estimated death losses 5 (000's) 1,277 1,226 i,i8t 1,143 1,104 i,o8841) Estimated no. sold off farms

(net) 6 (000's) 1,24.2 506 278 203 215 i8oFarm value per head, as ofJan. 1 1 (dollars) 98.4. 96.4 84.5 71.0 70.5 65.4

6 Farm value per head, avg. foryear 7 (dollars) 97.4 90.4 77.8 70.8 68.o 64.8Gross decrease in value, 1929prices B ($i,ooo,ooo) 175.8 121.0 ioi.8 94.0 92.1 88.5Decrease in value on account ofdeath losses, 1929 prices($1,000,000) 9 89.1 85.6 82.4 '79.8 77.1 '75.9

7b Decrease in value on account ofsales (net) 1929 prices($i,000,000) '° 86.7 35.3 19.4 14.2 15.0 12.6

8 Gross decrease in value, currentprices ($1,000,000) 11 245.4 156.7 113.5 95.3 89.7 82.2

8a Decrease in value on account ofdeath losses, current prices($1,000,000)12 124.4 no.8 91.9 80.9 75.1 70.5

8b Decrease in value on account ofsales, current prices ($i,000,000)13 121.0 45.7 21.6 14.4 14.6 11.7

TABLES 1—VIlL 265

1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935

16,651 16,083 15,388 14,792 14,234 13,742 13,195 12,664 12,291 12,052 11,861

—568 —6gb —558 —492 —547 —531 —373 —239 —191 —226

498 479 463 495 454 437 419 405 997 391

1,082 1,193 1,075 1,021 987 1,001 g68 '792 644 588 617

1,056 1,024 992 957 920 876 852 826 794 8a8

26 i6g 64 67 125 ii6 —34 —i6i —206 —211

64.3 65.3 63.7 66.7 69.7 70.0 6o.6 53.5 54.1 66.9 77.0

64.8 64.5 65.2 68,2 69.8 65.3 57.0 53.8 60.5 72.0 86.g

75.5 83.3 75.0 71.3 68.9 69.9 67.6 55.3 4.5.0 41.0 43.1

73.7 71.5 69.2 66.8 64.2 6i.i 57.7 56.2 55.4 57.8

i.8 11.8 5.8 8.7 8.i —2.4 —1.1.2 —14.4 —14.7

70.1 76.9 70.1 69.6 68.9 65.4 55.2 42.6 39.0 42.3 53.6

68.4 66.0 64.7 65.3 64.2 57.2 48.6 44.4 48.7 57.2 72.0

1.7 10.9 5.4 4.4 4.7 6.6 —1.8 —9.7 —14.8 —18.3

266 B

Table VI (continued)

B Mules1919 1920 1921 1922 1923 1924

1 No. of mules on farms as ofJan. 1 (ooo's) 5,568 5,651 5,772 5,827 5,895 5,908

2 Change in no. of mules onfarms 2 (000's) 121 68 10

Estimated no. of mules born 3 (000's) 389 378 253 187 i88

4 Estimated no. of mules died orsold off farms 4 (000's) 306 257 264 185 174 178Estimated death losses 5 (ooo's) 302 307 313 316 320 334

4b Estimated no. sold off farms(net)O (000's) 4 —50 —49 —131 —146 —156

5 Farm value per head as ofJan. 1 1 (dollars) 148.2 117.4 8g.o 86.9 85.9

6 Farm value per head, avg. foryear 7 (dollars) 142.0 132.8 103.2 88.o 86.4 84.4

7 Gross decrease in value, 1929prices 8 ($i,ooo,ooo) 25.5 21.4 22.0 15.4 14.5 14.8Decrease in value on accountof death losses, 1929 prices($i,ooo,000) 25.1 25.5 26.0 26.3 26.6 27.8

7b Decrease in value on accountof sales (net) 1929 prices($i,000,000) 10 0.3 —4.2 —4.1 —10.9 —12.1 —13.0

B Gross decrease in value, currentprices 11 43.5 34.1 27.2 16.3 15.0 15.0

8a Decrease in value on accountof death losses, current prices($i,ooo,ooo) 12 42.9 40.8 32.3 27.8 27.6 28.2

8b Decrease in value on accountof sales (net) current prices(81,000,000)13 o.6 —6.6 —5.1 —11.5 —12.6 —13.2

TABLES 1—VIll 267

1925 1926 1927 1928 1929 1930 1931 1932 1933 .1934 1935

5,918 5,903 5,804 5,656 5,510 5,382 5,273 5,148 5,046 4,945 4,822

—15 —99 —148 —146 —128 —109 —125 —102 —101 —123

164 139 113 87 8i 8o 78 77 76 74 72

179 238 261 233 209 i8g 203 179 177 197 210

334 334 328 320 312 305 308 300 315 296

—155 —g6 —67 —87 —103 —ii6 —135 —129 —123 —u8 —86

82.9 81.5 79.8 82.4 83.9 69.2 60.7 60.4 82.4 99.3

82.2 78.0 77.2 8t.i 83.2 76.6 65.0 6o.6 71.4 90.8 109.8

14.9 19.8 21.7 19.4 17.4 15.7 16.9 14.9 14.7 16.4 17.5

27.8 27.8 27.3 26.6 26.0 25.4 28.1 25.6 25.0 26.2 24.6

—12.9 —8.o —5.6 —7.2 —8.6 —9.7 —11.2 —10.7 —10.2 —g.8 —7.2

14.7 i8.6 20.1 18.9 17.4 14.5 13.2 io.8 12.6 17.9 23.1

27.5 26.1 25.3 26.0 26.0 23.4 22.0 18.7 21.4 28.6 32.5

—12.7 —7.5 —5.2 —7.1 —8.6 —8.9 —8.8 —7.8 —8.8 —10.7 —9.4

268 APPENDIX B

Table VI (concluded)

C Milk Cows1919 1920 192! 1922 1923 1924

i No. of milk cows on farms as ofJan. 1 (000's) 21,219 21,455 21,456 21,851 22,138 22,331

2 Change in no. of milk cows on

farms 2 (000's) 236 1 395 287 193 244

Estimated no. of cows born anddestined for use as milkcows8 (000's) 4,164 3,972 4,155 4,143 4,17.1 4,045

4 Estimated no. of milk cows diedor sold off farms 4 (000's) 3,928 3,971 3,760 3,856 3,978 3,801

5 Farm value per head as ofJan. 3. (dollars) 74.7 81.5 61.2 48.7 48.7 49.9

6 Farm value per head, avg, foryear5 (dollars) 78.1 71.4 !j4•g 48.7 49.3 49.1

7 Gross decrease in value, 1929prices 8 ($i,ooo,ooo) 327.2 330.8 313.2 321.2 331.4 316.6

8 Gross decrease in value, currentprices 11 ($1,000,000) 306.8 283.5 206.4 187.8 196.1 i86.6

3. Agricultural Statistics, '937, pp. 290, 293. The 1918—20 figures for mules are unpub-lished revisions made by the Department of Agriculture. The January i, 1936 figures

follow:FARM VALUE

NUMBER PER HEAD(000's) (dolla'rs)

Horses 11,635 96.8Mules 4,684 120.4Milk COWS 25,439 49,3

2 First differences, line i.8 Simon Kuznets, Commodity Flow and Capital Formation, Vol. I, Notes A—C toTable V-g.

TABLES 1—VIli 269

1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935

22,575 22,410 22,251 22,231 22,440 23,032 23,820 24,896 25,936 26,931 26,069

—165 —159 —20 209 592 788 1,076 1,040 995

4,048 4,158 4,404 4,700 4,775 4,685 4,703 4,788 4,286 4,116 4,292

4,213 4,317 4,424 4,491 4,183 3,897 3,627 3,748 3,291 4,978 4,922

48.3 54.7 59.2 73.4 83.9 82.7 57.0 39.5 29.2 27.0 30.2

51.5 57.0 66.4 78.6 83.3 69.8 48.2 34.4 28.1 28.6 39.8

350.9 359.6 368.5 374.1 348.4 324.6 302.1 312.2 274.1 414.7 410.0

217.0 246.1 293.8 353.0 348.4 272.0 174.8 128.9 92.5 142.4 195.9

4 Line 2 minus line5 Unpublished estimate of the Bureau of Agricultural6 Line 4 1U1flUS line7 Simple mean of January 1 values (line 5).S Line 4 times 1929 value (line 6).9 Line times 1929 value (line 6).lOLjiie 4b times 1929 value (line 6).11 Line 4 times line 6.12 Line times line 6.13 Line 4b times line 6.

270 APPENDIX B

Table VU

Depreciation Charges, Passenger Automobiles, 1919—1935

(computed on a straight line basis, 8-year life)(Unit:

COST PRICES 1929 PRICES CURRENT PRICES

1919 690.7 631.3 811.21920 860.6 752.6 1,090.5192! 1,007.3 857.0 i,io8.i1922 1,139.1 975.7 1,025.41923 1,335.8 1,174.9 1,151.4

1924 1,527.0 1,373.3 1,330.71925 1,699.6 1,556.6 1,478.81926 1,923.3 1,812.0 1634.41927 2,099.7 2,043.2 1,887.91928 2,195.5 2,212.9 2,133.2

1929 2,345.1 2,422.7 2,422.71930 2,449.2 2,556.5 2,408.21931 2,371.6 2,497.0 2,227.31932 2,200.7 2,333.1 2,074.21933 1,994.3 2,126.1 i,868.8

1934 1,779.8 1,896.4 1,765.51935 1,653.1 1,755.1 1,607.7

SOURCE: See Ch. 8

TABLES 271

Table VIII

Gross Capital Assets (including Land), Reserves forDepreciation and Depletion, Net Capital Assets(excluding Land) and Land

Corporation Income Tax Returns for 1934 by Industrial Groups(Unit:

RESERVE FORCROSS CAPITAL DEPRE- NET CAPITAL

ASSETS CIATION AND ASSETS(INCL. LAND) DEPLETION (ExcL. LAND) LAND

Industria1 groupAgriculture and relatedindustries 1,630 327 650 653Mining and quarrying Io,29o 4,174 4,289 1,828

Manufacturing total 35,339 14,888 2412Foods 3,648 286Beverages 599 148 392 59Tobacco 154 72 73 9Textiles 3,393 1,538 1,732 124Leather 299 149 19

Rubber 633 285 311 37Lumber 1,809 583 936 290Paper 1642 664 88i g6Printing and publishing 1,199 511 575 114Chemicals 8,114 3,761 3,77' 581Stone, clay, and glass 1,639 6ig 866 154Metals 11,362 4,794 5,977 592Misc. manufacturing 847 384 411 51

Construction 927 381 437 109Transportation and otherpublic utilities 57,918 7,445 50,014 458Trade 5,598 1,901 2,806 891Service 6,917 1,470 4,110 1,338Finance and real estate i6,6gg 2,010 9,951 4,738Nature of business not given 47 18 24 5

Grand total 135,365 32,614 90,319 12,433

souRcE: Special compilation of the Statistical Section, Income Tax Unit,Bureau of Internal Revenue. This table is reproduced through the courtesyof Edward White, Chief of the Statistical Section.

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22 SEASONAL VARIATIONS IN INDUSTRY AND TRADE (1933)SIMON KUZNETS 455 pp., $4.00

23 PRODUCTION TRENDS IN THE UNITED STATES SINCE 1870(1934) 363 pp., $3.50

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33 SOME THEORETICAL PROBLEMS SUGGESTED BY THE MOVE-MENTS OF INTEREST RATES, BOND YIELDS AND STOCK PRICESIN THE UNITED STATES SINCE 1856 (1938) 586 pp.,

FREDERICK R. MACAULAYSOCIAL SCIENCES AND THE UNKNOWN FUTURE,' a reprint

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THE BULLETIN

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193659 INCOME ORIGINATING IN NINE BASIC INDUSTRIES, 1919-1934,

SIMON KUZNETS 50C

6o MEASURES OF CAPITAL CONSUMPTION,FABRICANT

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62 REVALUATIONS OF FIXED ASSETS, 1925—1934, SoLorloN FABRICANT63 THE RECOVERY IN WAGES AND EMPLOYMENT, LEo WOE-MAN

193764 A PROGRAM OF FINANCIAL RESEARCH

Report of the Exploratory Committee on Financial Research65 NON-FARM RESIDENTIAL CONSTRUCTION, 1920-1936, DAvID L.

WICKENS and RAY R. FOSTER*66 NATIONAL INCOME. 1919—1935, SIMON KUZNETS67 TECHNICAL PROGRESS AND AGRICULTURAL DEPRESSION,

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68 UNION MEMBERSHIP IN GREAT BRITAIN AND THE UNITEDSTATES, LEO WOLMAN

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W. C. MITCHELL and A. F. BURNS70 EMPLOYMENT OPPORTUNITIES IN MANUFACTURING INDUS-

TRIES, F. C. MILLS71 HOURS OF WORK IN AMERICAN INDUSTRY, LEO WOLMAN72-73 INCOMES FROM INDEPENDENT PROFESSIONAL PRACTICE,

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