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NOVEMBER 1934 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE VOLUME 14 NUMBER II Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Page 1: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

NOVEMBER 1934

SURVEYOF

CURRENT BUSINESS

UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

V O L U M E 1 4 N U M B E R I I

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SUMMARY OF CHANGES IN STATISTICAL SERIES SINCE PUBLICATIONOF THE 1932 ANNUAL SUPPLEMENT

For convenience there is listed below a tabulation of the changes which have been made in the past 2 years, or since thepublication of the last annual supplement. If back data have been presented for the new series, a reference to the monthly issuesin which such statistics appeared may be found in the footnotes which are included on pages 22 to 56, inclusive.

NEW SERIES ADDED

DECEMBER 1932

Auto accessories and parts, composite index ofshipments.

Canadian statistics, electric-power production index.Chain-store sales index (Chain Store Age).Ci\Til service employment, United States.Convection type radiators, new orders.Department-store sales, Philadelphia,Factory employment, Baltimore, Milwaukee, Mary-

land, and Massachusetts.Factory pay rolls, Baltimore, Milwaukee, Philadel-

phia, Maryland, and Massachusetts.Fairchild retail price index.Gas oil and distillates, production and stocks.Gypsum, imports, production and shipments.Hourly earnings, factory (National Industrial

Conference Board).Illuminating glassware, new orders, production*

shipments and stocks.Mechanical stokers, new orders.Net gold imports, including gold released from

earmark.Pyroxylin rods, sheets and tubes, production and

shipments.Plumbers' brass, shipments.Plumbing fixtures, wholesale price.Residual fuel oil, production and stocks.Rubber heels and soles, total shipments.Tin consumption in the manufacture of tin and

terneplate.Tin and terneplate production.Trade union members employed, by groups.Weekly earnings, factory, Massachusetts.World prices, foodstuffs and raw materials.

JUNE 1S33

Airplane travel, passengers carried, passenger milesflown.

Bond prices, United States Government (StandardStatistics).

Building costs, all types (American AporaisaCo.).

Employment, miscellaneous—Federal and Statehighways, construction and maintenance.

Face brick, machine production.Factory employment, Chicago.Factory pay roils, New York and Chicago.Farm products, price indexes of dairy and poultry

products.Household furniture, plant operations, all districts.Lard compound, wholesale price, tierces, Chicago,Lard, refined, wholesale price, tierces, Chicago.Leather production (Tanners' Council),Nonmanufacturirig employment—banks, brokerage

houses, etc.; dyeing and cleaning; and laundries.Nonmanufacturing pay rolls—banks, brokerage

houses, etc.; dyeing arid cleaning; and laundries.Rope paper sacks, shipments,

DECEMBER 1933

Cellulose plastic products, production and ship-ments of nitrocellulose and cellulose acetatesheets, rods, and tubes.

Construction wage rates (E.N.R.).Highway construction under the National Indus-

trial Recovery Act.Home Loan Bank, loans outstanding.H. L, Green Co., Inc., stores and sales.Paper board, production and shipments.Pittsburgh employment index.Pittsburgh pay-roll index.Purchasing power of the dollar.Reconstruction Finance Corporation, loans out-

standing.United States Steel Corporation, shipments of

finished products.

JUNE 1934Agricultural loans outstanding (six series).Agricultural products, cash income received from

marketings of.Beverages:

Fermented malt liquors:Production, consumption, and stocks.

Distilled spirits:Production, consumption, and stocks in bonded

warehouses.Cotton cloth (bleached, dyed, and printed), pro-

duction and stocks.Factory employment (Bureau of Labor Statis-

tics).Factory pay rolls (Bureau of Labor Statistics),Imports for consumption.Index of new-passenger-car sales.Indexes of variety-store sales (new index).Milk, receipts, Greater New York.Registrations, commercial truck.Silk machinery activity (Silk Code Authority).Sugar, refined, imports and receipts from Hawaii

and Puerto Rico.Vacuum cleaners (hand type), shipments.

JULY 1934Hosiery (Hosiery Code Authority).Restaurant, total sales and stores (three chains).Silk spindles (machine activity), Code Adminis-

tration Committee for the Throwing Indus-try.

AUGUST 1934Silk cloth, production, shipments, stocks.Sugar, refined, imports from Cuba and the Philippine

Islands

SERIES DROPPED

DECEMBER 1932Applicants at employment agencies, Western

States.Binders' board, production.Construction volume (A.G.C.).Copper:

Production, all series.Shipment?, domestic, refined.Steel's (North and South America), blister and

refined.Ennt^led sanitary ware, baths, lavatories, sinks,

miscellaneous, all series.Enarieled sneet-netal ware, shipments.Fact »ry operations, proportion full time worked,

m: vcl'aneous group.G'jlv nr"''td siieet-a.etal ware, all series.Gas and fuel oil, production and stocks (combined

Qipot, rente ire*~s, untiled orders.K i d - ; pud Sidns, stocks, all series.I l luminat ing glassware, orders, production, ship-

meats, *nd stocks.IndusMal production indexes: Copper (mined),

m^trls , ncnferrous.Iro-i arrl steel, bo'lcrs (round and square), and ra-

dii.ors, nC 'V orders.Leather, sole and belting, production, stocks, all

seiics.Lea^h^r, upfcr , production, stocks, all series.Lumber, \valiut, orders, production, shipments, and

siorks.Methmol, stocks:

At cru le -plants.At roiiierics and in transit.

Milk, condensed and evaporated, total exports,production, and shocks.

^Xfp'v5- 3i"rt, rvo luction, percent of capacity.Pairts, v-Ttsh -jrad lacquer products, unclassified

sales, 3 ' '5 establishments.Pine, North Carolina, production and shipments.Pine-oil stocks.Plumbing fix cures, wholesale price (six pieces).Force ain, nrni knobs, tubes, shipments.Stock 5noexee, world copper stocks.Stokers, mecharvical, large (see new series), new

orders.

JUNE 1933

Bond prices, domestic, United States Liberty (NewYork Trust Co.).

Brick, face, production (brick drawn from kilns).Building costs, by types of construction (Ameri-

can Appraisal Co.).Cotton textiles, production, shipments, stocks, etc.Farm products—price index of dairy and poultry

products (combined index).Glass containers, net new orders.Gold, held under earmark for foreign account.Hours of work per week in factories, nominal or

full-time week (National Industrial Confer-ence Board).

McLeilan 5- and 10-cent stores (sales and stores).Rope paper sacks, shipments.Rubber, scrap, stocks at reclaimers.Unemployment, applicants, at employment agen-

cies.Wool-machinery activity, sets of cards.

DECEMBER 1933

Animal glues, production and stocks.Building cost index of electric light and power con«

struction (Richey).Building material costs, frame and brick house.Castings, gray iron, orders, production, receipts,

and stocks.Explosives, production, shipments and stocks.Fabricated structural steel, orders and shipments

with percent of capacity.Federal-aid highway, work approved for construc-

tion arid balance of Federal-aid funds availablefor new construction (new work now paid for byfunds appropriated under N.R.A.),

F. W. Grand, stores and sales (merged with H. LGreen Co., Inc.).

Hoists, electric, orders and shipments.Index, new orders.Index, unfilled orders.Illuminating glassware, percent of full operation of

orders, production, and shipments.Isaac Silver & Bros., stores and sales (merged with

H. L. Green Co., Inc.).Paper board, production and shipments.Plumbers' woodwork, orders, shipments, and stocks.Pyroxylin products, production and shipments of

sheets, rods, and tubes.United States Steel Corporation, unfilled orders.Yarn, carded sales, all series.

JUNE 1934Bank suspensions.Cotton cloth finishing.Delinquent accounts, electrical trade.Factory employment (adjusted and unadjusted)

Federal Reserve Board.Factory operations, proportion of full time workedFactory pay-roll indexes (Federal Reserve Board).Highway construction under the Federal Highway

Act.Indexes of five-and-ten (variety) stores sales (old

index).Marketings, forest products.Milk, receipts, Greater New York.Nonrnanufacturing employment, canning and pre-

serving.Nonmanufacturing pay rolls, canning and preserv-

ing.Paper, stocks, all grades, book paper, writing paper,

wrapping paper, and all other grades of paper.Restaurant sales and stores operated:

Childs Co.J. R. Thompson Co.Waldorf System, Inc.

Rope paper sacks.Sugar, Cuban, raw, receipts at ports and exports.Silk machinery activity (Silk Association of

America)-Wood-pulp stocks.

JULY 1934

Hosiery, Census Bureau series.

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UNITED STATES DEPARTMENT OF COMMERCEDANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

CLAUDIUS T. MURCHISON, Director

SURVEY OFCURRENT BUSINESS

Prepared in the

DIVISION OF ECONOMIC RESEARCH

H. GORDON HAYES, Chief

M. JOSEPH MEEHAN, Editor

Volume 14 NOVEMBER 1934 Number 11

CONTENTS

SUMMARIES AND CHARTS p

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

Transportation 11

Survey of individual industries:

Automobiles and rubber 12

Forest products 13

Iron and steel 14

Textiles 15

SPECIAL ARTICLE

The real property inventory of 1934 « . . . , . . 16

STATISTICAL DATA

Revised series: Farm prices 20Weekly business statistics through October 27 21

STATISTICAL DATA—Continued

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

Chemicals and allied products 36Electric power and gas 39Foodstuffs and tobacco 39Fuels and byproducts 43Leather and products 44Lumber and manufactures 45Metal and manufactures:

Iron and steel 46Machinery and apparatus 48Nonferrous metals and products 49

Paper and printing 50Rubber and products 51Stone, clay, and glass products 52Textile products 53Transportation equipment 54

Canadian statistics 56General index Inside back cover

Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year. Single-copy price: Monthly, 10 cents; weekly, 5 cents.Foreign subscriptions, #3, including weekly supplements. Make remittances only to

Superintendent of Documents, Washington, D. C.

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SURVEY OF CURRENT BUSINESS November 1934

Business Ind ica to r s1923-25 = 100

160INDUSTRIAL PRODUCTION

100

FACTORY EMPLOYMENT AND PAYROLLS

40

TOTAL FREIGHT CAR LOADINGS

40

aoo

100

DEPARTMENT STORE SALES

200

100*

VALUE OF EXPORTS

200

100

BANK DEBITS OUTSIDE NEW YORK CITY

160INDUSTRIAL PRODUCTION

40

200

100

CONSTRUCTION CONTRACTS AWARDED

160FREIGHT CAR LOADINGS LC.L

40

160

100

40

200

100

WHOLESALE PRICES

VALUE OF IMPORTS

160FEDERAL RESERVE MEMBER BANK LOANS*

I93Z

* ADJUSTED FOR SEASONAL VARIATION * REPORT/KG MEMBER BANKS

100

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November 1934 SURVEY OF CURRENT BUSINESS

Business Situation SummarizedBUSINESS activity has developed a firmer tendency

in recent weeks after declining over a period ofseveral months. The movement of the weekly sta-tistics points to a gain in October, although not ofsubstantial proportions.

Industrial production during September was un-changed for the second successive month, but de-clined further after allowance for the usual seasonalincrease. Manufacturing output was lower for themonth, both actually and after adjustment forseasonal trend. Contributing to the decline in theadjusted index were substantial reductions in thetextile and automobile industries and smaller rela-tive losses in the iron and steel, lumber, leatherand shoe, and tobacco manufacturing industries.The decline in the rubber tire-tube industry coin-cided with the usual seasonal movement, while foodprocessing and cement production were higher afteradjustment.

Declining manufacturing output in September wasaccompanied by a contraseasonal decrease in thenumber of factory employees and a larger relativedecline in pay rolls. The textile strike was a prin-cipal cause of these reductions, although employmentwas lower in half of the 90 industries surveyedmonthly. Offsetting the decline in purchasing powerresulting from this drop in industrial pay rolls was thesubstantial, though less-than-seasonal, rise in cashincome from farm marketings and the continuedheavy expenditures of the Federal Government.

Ketail-store and mail-order sales have been main-tained at a relatively favorable level, the gains in Sep-tember having been particularly pronounced in ruralareas. The adjusted index of department store sales helda large share of the gains which were a feature of theAugust returns, but the decline in passenger-car salesin September exceeded the usual drop for the month.

Distribution of freight by the railroads expandedseasonally during September, the adjusted indexremaining unchanged from the low of the year reachedin August. Data for the first 3 weeks of October donot foreshadow a rise in the adjusted index for thatmonth. Changes in our foreign-trade totals forSeptember were largely a reflection of seasonal andspecial influences and gave no clear indication of achange in the horizontal trend of the adjusted indexesof exports and imports.

Wholesale commodity prices averaged higher inSeptember than in any month since January 1931.The weekly data reveal a slight recession from theSeptember peak, influenced mainly by a reaction infarm and food prices following an unusually rapid rise.

Conditions in financial markets have improved inrecent weeks. Bond prices have advanced, while theamount of nonsecurity bank loans outstanding hastended to increase slowly. Excess reserves of themember banks have remained at a high figure. Thelong-term capital market remains inactive; new capitalobtained through this source in September was thesmallest total for any month of the depression.

MONTHLY BUSINESS INDEXES

Year and month

1931: September1932: September1933:

SeptemberOctober _._NovemberDecember

1934:January.FebruaryMarchAprilMayJuneJuly ._AugustSeptember

Monthly a v e r a g e ,January t h r o u g hSeptember:

193219331934

Industrial production

Unadjusted 1

13

1

1 5

1C

! ««

M"5so>fii

Adjusted >

1

toot<3

11

1g

Factory em-ployment

arid pay rolls

>»jg

sis>*S

ifS to

0>3 «fc

fisso;3It*t

Freight-car loadings

Total

13399cp

•o£to

•5•5*-sj

Merchan-dise, I.C.I.

«o>•̂to3

to

1«*!

Departmentstore sales,

value

If

•a1$3^

Foreigntrade, value,adjusted 2 !

3

1H

Ia Ban

k d

ebit

s o

uts

ide

New

Yor

k C

ity

Co

nst

ruct

ion c

on

trac

ts, a

llty

pes

, v

alu

e, a

dju

sted

2

Monthly average, 1923-25=100

7767

85787269

778386888984747474

647781

7666

84767067

758285898983737373

637780

8374

93888480

858891818787858386

708086

7666

84767275

788184858683757371

7565

83767073

768082858683747269

7871

87818185

8891

100908987858081

75.261.8

78.077.875.975.0

75.178.481.082.282.481.479.479.373.9

64.666.679.2

63.442.9

59.159.455.554.5

54.060.664.867.367.164.860.462.157.9

47.145.862.1

7861

68666056

586163606364636367

565762

6954

60585963

646466626364615959

8872

70706764

656567676765646567

736766

8569

68666668

706766656565656564

8871

737775

121

575973737770516078

645966

8568

70

1169

697177777774727975

4533

40424248

444750504550484948

363448

5532

48464042

424244424744433943

353643

84.359.6

61.966.060.567.4

66.959.771.472.471.574.870.568.065.2

66.659.568.9

5930

1 301 37

4857

494433322626272727

282032

Who

lesa

le p

rice

in

dex

, 784

com

mo

dit

ies

Monthlyaverage,1926=100

! 71.265.3

70.871.271.170.8

72.273.673.773.373.774.674.876.477.6

65.464.374.4

1 Adjusted for number of working days. a Adjusted for seasonal variation.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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SURVEY OF CURRENT BUSINESS November 1934

Comparison of Principal Data, 1930-34

FIRST 9 MONTHS X///////A REMAINDER OF YEAR

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

CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS)

STEEL INGOT PRODUCTION - (MILLIONS OF TONS)

AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS)

FREIGHT CAR LOADINGS ~C'MILLIONS OF CARS)

D. D. 7664

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November 1934 SURVEY OF CURRENT BUSINESS

Commodity PricesWHOLESALE commodity prices, as measured by

the Department of Labor's index, have con-tinued to recede from the high for the past 3 yearsreached in the week ended September 8, when theindex stood at 77.8 percent of the 1926 level. Therecession during the 6-week period ended October 20,which has lowered the index to 76.2 percent of the1926 base, resulted largely from the fall in the pricesof farm products and foods.

Despite this recent decline, the prices of farm prod-ucts and foods in the week ended October 20 wereapproximately 24 percent and 19 percent above theirrespective levels at the first of January this year. The"all other" group averaged approximately the samein these two periods.

Fairchild's index of retail prices, excluding foods,was unchanged on October 1 from a month earlier at87.7 percent of the January 1, 1931, prices. Piecegoods and home furnishings advanced in price duringSeptember, while women's apparel declined, and men'sapparel and infants' wear were unchanged.

The cost of living of wage earners advanced duringSeptember for the fifth consecutive month, accordingto the National Industrial Conference Board. Everycomponent of the index advanced during the month,except the price of gas and electricity, which wasunchanged. Food prices rose 4.4 percent. The secondlargest increase was in housing, 0.9 percent. The

average of all items rose 1.8 percent, which was thesharpest increase since August 1933.

Farm prices continued to rise between mid-Augustand mid-September, but have since receded moderately.The index of farm prices presented in the table belowhas been completely revised by the Department ofAgriculture. The new index includes 7 major farmproducts and 13 commercial truck crops, in additionto the 27 major farm products used in the formerseries. The principal other changes made are the useof improved price series for dairy products and tobacco,and the shifting of the weights assigned to each com-modity from average marketings during the period1918-23 to the period 1924-29. A table presentingthe new figures in detail is presented on page 20.

The changes resulting from the shift from the oldto the new series varies from 2 points under in 1915 to7 points above in 1933. The August 1934 index of 87on the old series is 96 on the new. The new indexdoes not affect the computation of "parity prices"for individual agricultural commodities as specified byCongress in the Agricultural Adjustment Act. How-ever, the new index does raise the ratio of pricesreceived by farmers to prices paid by them duringrecent months. On the basis of the new index, theratio for August 1934 is raised from 71 to 77 and forJuly from 66 to 71. The ratio for September this yearis 81.

INDEXES OF COMMODITY PRICES

Year and month

1931: September ..1932: September—1933:

SeptemberOctober _. „ _ _NovemberDecember .. .„

1934:January., . _ „FebruaryMarch _. .April.... _ _MayJuneJuly _.August _ - _ .September

Monthly average,January throughSeptember:

193219331934

« C*"• O

o»^oTj3

Co

mb

ined

in

co

mm

od

ity

q

ECOIH

Fin

ish

ed p

rod

u

71,2 75,965.3 i 70.4

70.871.271. 170.8

72.273 673.773.373.774 674.876.477.6

65.464.3

74 875.475. 274.8

76.077 077.277.177 878 278. 279.280.1

70.968.9

74.4 77.9

Wholesale (Department of Labor)

>mic classes

Raw

mate

rials

3

Sem

iman

ufa

ct

Far

m

pro

du

cts

Gra

ins

Foods

<»ro!ips ami subgroup*

n

% Oth

er

than

pro

du

cts

an

d

f I

Bu

ild

ing m

ate

r

Ch

emic

als

an

d

fcfi

Fu

el a

nd l

igh

tir o

Hid

es a

nd l

eath

atS

||

V

oS

met

alM

etal

s an

dp

rod

ucts

Tex

tile

pro

du

cts

Mis

cell

aneo

us

iMonthly average, 1926 = 100 !

62.7 ! 66. 7 ! 60.5 j 44. 2 ; 73.7 \\ 73.6 j 73,9 \- 77.050. 2

61.7, 61.8j 62.41 61.9!i 64. 1i 66 0i 65.9

65.165 1

i 67 368. 371.6

i 73.9

iI 55.6i 54 7

60.7 i j 49.1 , 37.4 | 61. 8 ii

72.9 i 57 0 ! 63. 972.8 1 55.771.4 i 56 672. 3 55. 5

71.9 58.774.8 1 61 3

58.261.360.4

64 964.264 3 i62.5

i j63.7 1 64.363 2

74.3 61.3 62.373.9 59. 6 58. 873. 7 59. 672 9 63 372. 7 64. 572.6 69.8

63 972 474.886.0

71.8 1 73.4 i 88.1

66 767 366. 267 169 870.6

60.9

51.551.048. 246.0

48.953. 356.557.360.069 2(13. 4

73. 9 69. 4.76.1 76.6

' ' !!

59. 5 49. 063 . 1 1 49 . 9

41.5 r,i 5 60 n50.9 59 6 50.9

70.4 70.5

76. 1 | 82. 777. 2 83. 977.2 i i 84 977. 5 85. 6

78.3 86.378 7 86 678. 5 86 478.6 : 86.778 9 i 87 378 2 87 878.4 I 87.078.3 ! 85.8

! 78.3 ! 85.6! j

.(70 6 ! 71 869 1 H 74 4

67.5 73.2 63.5 70. 4 ! 69.1 60.8 i 1 78.5 ! ' 86.6

76. 3 i 67. 4 i 85. 0 82. 7 83. 9 t 64. 5 i 68. 272.9

72.772 773 4

70. 8 72. 2

70 473.673 5

73. 7 73 4

74. 4 73. 175. 575 775.575.475 675.4

92 389.088 289. 2

89 572 4 1 89 C,71 471.772.579 873. 9

75. 7 74. 676.5

74 172.4

74.6

70 264 1

88 788.987 987 186. 383.884.1

73 7

73. 7 i 80. 1 i 55. 6 | 64. 71

79 3 82 181.2 83.081 0 8° 781.0

80.881 0

83.5

85. 5X7 n

81 4 87 181. 6 87. 98^ 0 i 89 182 0 > S7 7

81. 681.881.8

7* 5

76 977 1

65 165. 3

'- 1 Se

i!15 efc£

Cos

t of

li

vin

g (

du

stri

al

Co

nfe

Mo.average.

1923 =100

llv

•2Sr?

Farm

, co

mb

inco

mm

od

itie

so

f A

gri

cult

ure

Moaverage,1909 to1914 =

10085. 6 8070. 0 66

77 9 8078. 0 78

76 8 65 5 ii 77 8 8076 4 1 65. 7 77 3 78

76. 5 67. 576 976 575.3

77 5 7768 5 7K 3 8369 369.5

78 5 8478. 4 82

73 6 69 8 78 6 i 8279 7 70 9 78 S ' Sfi

8(1. 8 71 5 fi9. 9 79 1 ! 8786. 7 70. 8 70. 2 | 79. 6 i 9686.6 71.1 70.2 ! 81.0 102

i i !

KO 4 tt 6 fi4 7 i 78 4 ; ! fifi78 2 74 0 79 0 ' fiO 3 61 3 73 8 fiS

75.5 i 73.0 87.3 81.6 : 87.2 ' 73.9 69.5 ! 78.9 i! 87

Ketail

8

!„s?*§s•oo0

Eu

Mo.average,

1913 =100

119100

107107107104

105108109107108109110112117

10397

«

t*rtt$

Dep

art

men

t st

o( F

airc

hU

Dec.1930

{Jan. 1,1931)-

10087.473.6

80. 087.188.088.0

88.lt89 589.689.488 ft88 287.987.787,7

74 '2109 88. 0

1 Revised. Bee p. 20. 2 Middle of month, 3 Index is for 1st of following month.

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6 SURVEY OF CURRENT BUSINESS November 1934

Domestic TradeRETAIL store and mail order sales have constituted

one of the bright spots in the business pictureduring recent months. The improved position of thefarm population, together with large expenditures ofGovernment funds, have been major sustaining in-fluences at a time when the income from industrialpay rolls has been reduced. Cash income of farmersin September from the marketings of farm productswas nearly one-fourth larger than a year ago. Emer-gency expenditures of the Federal Government for thecurrent fiscal year through October 15 exceeded a bil-lion dollars, compared with a third of a billion in thesame period of the fiscal year 1934. More than 40percent of this year's total has been for the FederalEmergency Relief Administration.

The expansion in retail sales in rural areas has beenparticularly large. During September such salesshowed a much greater-than-seasonal increase andwere one-third higher in value than in 1933 and 60percent larger than in September 1932. For the first9 months of the year sales were more than one-fourthgreater than in the corresponding period of 1933.Price changes influence these year-to-year comparisonsto an indeterminate extent but are relatively unim-portant in the August-September change.

Sales through department stores in Septemberincreased by less than the usual amount following amarked extra seasonal rise in August. Sales were4 percent in excess of 1933 with all of the FederalReserve districts, excepting the three in the north-

eastern section of the country, showing increases.When allowance is made for the extra trading day inSeptember 1933, the increase over last year was 9 per-cent. An unofficial survey of department store salesin 75 representative cities for the first half of Octobershowed a gain over last year of 8 percent in dollarvolume and of about 7 percent in transactions.

Variety store sales were approximately the same inSeptember as in August, after allowance for seasonalvariations, while sales through chain grocery storeswere higher, partly by reason of price increases. Re-tail sales of new passenger automobiles declined inSeptember, the seasonally adjusted index receding to53 percent of the 1929-31 average from 56 in August.

Figures on commercial failures record a steady im-provement. Excepting seasonal increases at the yearends, the curve of commercial failures has droppedsteadily since the end of 1931, the downward trendbeing especially evident during 1933. Septemberfailures were 15 percent less than in August, themonth's total again establishing a new low since 1920.The liabilities involved have followed a similar trend.

Newspaper advertising linage increased duringSeptember, according to the Media Record data cov-ering 52 cities. While seasonal factors influenced thismovement, the August-September increase was largerthan that which occurred last year. The linage was 4percent higher than in September 1933. The cumula-tive increase in space over a year ago for the first threequarters amounted to more than 12 percent.

DOMESTIC TRADE STATISTICS

Year and month

1931: September1932: September1933:

SeptemberOctober ..NovemberDecember

1934:JanuaryFebruaryMarch.AprilMayJune ,_- _JulyAugustSeptember

Monthly average Januarythrough September:

193219231934

Retail trade

Department stores

Sales

Unad-just-ed i

Ad-just-ed i

Stocks 3

Unad-just-

ed

Ad-just-

ed 2

Monthly average, 1923-25=100

8871

737775

121

575973737770516078

645966

8568

70706569

697177777774727975

8463

73777862

596367686863596167

665864

8160

70706965

666665656665646464

Chain-store sales

Com-binedindex

(18 com-panies) 4

Avg. samemo. 1929-

31=100

84

89868688

899191929092919397

858292

Variety stores

Unad-just-ed i

Ad-just-

ed »

Monthly aver-age, 1929-31 =

100

88.178.0

82.586.986.8

153.7

70.273.087.282.590.086.379.779.985.9

74.773.481.6

92.381.7

86.485.685.583.3

94.287.594.887.290.090.889.590.390.0

Mail-orderandstore

sales, 2houses

Thou-sands of

dolls.

45, 95539, 156

43, 20353, 55052, 03761, 971

36, 70,536, 01643, 59246, 03751, 07246, 33037, 38744, 13452, 997

35, 76434, 43543, 808

New passen-ger car sales

Unad-just-ed i

Ad-just-ed *

Monthly aver-age, 1929-31 =100

47.230.5

51.242.733.017.3

22.845.768.487.978.184.673.963.152.0

40.747.364.1

49.081.0

52.053.553.030.5

33.554.564.559.055.563.567.056.053.0

Wholesaletrade

Em-ploy-ment

Payrolls

Monthlv aver-age, 1929=100

86.177.1

82.183.583.483.3

82.483.083.683.984.684.184.084.385.3

78.576.083.9

81.463.1

62.366.064.164.5

63.964.665.766.866.366.567.666.467.4

68.258.966.1

Freight-carloadings, mer-chandise I.C.I.

Unad-justedi

Ad- 1just-

ed »

Monthly aver-age, 1923-25=

100

8872

70706764

656567676765646567

736766

8569

68666668

706766656565656564

Commercialfailures

Fail-ures

Num-ber

1,9362,182

1,1161,2061,2371,132

1,3641,0491,1021,052

9771,033

912929790

2,7791,8591,023

Liabil-ities

Thou-sands

of dolls.

47, 25656,128

21,84730, 58225, 35327, 200

32, 90519, 44527,22825, 78722, 56123,86819,32618, 46016, 440

84, 18146, 63322, 891

1 Corrected to average daily basis. 2 Adjusted for seasonal variation. ' End-of-month figures. 4 See note on p. 26.

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November 1934 SURVEY OF CUEEENT BUSINESS

EmploymentEMPLOYMENT and pay rolls in the industries sur-

veyed by the Department of Labor declined be-tween the middle of August and the correspondingpay-roll period in September. The recession wasattributed primarily to the drop in those divisions ofthe textile industry affected by the strike which wasin progress during the September reporting period.As this strike was terminated on September 22, andoutput increased in the ensuing weeks, the Octoberemployment data will show a more normal relation-ship between the textile and other groups.

Factory employment declined in September, therecession amounting to 4.7 percent. While the textilestrike was a major factor, declines were reported inhalf of the 90 industries surveyed. Since a rise infactory employment is usual for September theseasonally adjusted index dropped 6.8 percent to 73.9percent of the 1923-25 average, the lowest figurereported since July 1933. The September declinebrought the number employed in manufacturingindustries below the level of the corresponding perioda year earlier for the first time since May 1933. TheSeptember index was 5.4 percent below a year ago.

Increases in employment during September werenoted in only 5 of the 14 major groups of manufactur-ing industries. Other than the 4.1 percent increase forthe food and kindred products group, which wasinfluenced by seasonal changes, the gains were slight.In the railroad repair shop and lumber and alliedproducts groups they were less than 1 percent while

in the chemical and paper and printing groups thegains amounted to 1.6 percent in each instance. Thelargest loss—17 percent—was in the textile and alliedproducts group which reflected losses running as highas 48 percent in the woolen and worsted industry, 41percent in cotton goods, and 21 percent in the silk andrayon industry. Reductions were also pronounced inthe transportation equipment group (11 percent), andin the leather and manufactures group (5.9 percent).

Factory pay rolls were 6.8 percent lower than inAugust and 2 percent less than in September 1933.Compared with August, the drop in the transporta-tion equipment group amounted to 26 percent and forthe textile group 16 percent while reductions of from4 to 12 percent occurred in the iron and steel, machin-ery, leather and manufactures, and rubber productsgroups. Increases were reported for 5 groups, thelargest being the 3.8 percent gain for food and kindredproducts.

Among 18 nonmanufacturing industries, increasedemployment was reported for 7 and pay-roll increasesfor 6. The largest relative increase in employmentwas one of 15 percent for the anthracite industry.This was accompanied by a rise of 18 percent in payrolls. These gains were mainly seasonal, but alsoreflected the resumption of operations in some minesfollowing the settlement of labor difficulties. The onlyother important increase was in retail trade, in which7 percent more employees were added and an addi-tional 5.2 percent in wages paid out.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES

Year andmonth

1931: September.1932: September.1933:

September ..OctoberNovember..December

1934:JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptember.

Monthly aver-age, Januaryt h r o u g hSeptember:

193219331934

Factory employmentand pay roils

Employment

Unad-justed

Ad-justed'

Payrolls

Unad-justed

Monthly average,1923-25=100

77.463.3

80.079.676.274.4

73 377.780.882.382.481.078.679.575.8

64.466.479 0

75.261.8

78.077.875.975.0

75.178.481.082.282.481.479.479.373.9

63.442.9

59.159.455.554.5

54.060.664.867.367.164.860.462.157.9

47.145.862.1

Nonmanufacturing employment and pay rolls(Department of Labor)

Anthracitemining:

Em-ploy-ment

Payrolls

Bituminouscoal miningEm-ploy-ment

Payrolls

Power andlight

Em-ploy-ment

Payrolls

Telephoneand telegraphEm-ploy-ment

Payrolls

Retail trade

Em-ploy-ment

Payrolls

Monthly average, 1929=100

80.055.8

56.856.961.054.5

64.163.267.558.263.857.553.649.556.9

62.349.859.4

64.947.0

60.761.647.844.3

73.265.882.451.764.053.342.339.747.0

52.344.057.7

80.462.4

71.868.074.875.4

75.876.177.872.276.776.777.077.178.2

66.966.376.4

53.630.2

44.144.150.750.8

51.354.658.951.454.455.149.750.451.4

34.934.253.0

94.781.0

80.382.282.681.8

82.281.281.782.483.184.085.085.685.8

84.377.783.4

94.374.7

71.876.274.574.4

73.874.475.676.877.677.881.179.979.3

81.970.977.4

85.077.4

68.368.768.969.4

70.269.870.070.270.270.471.071.070.9

80.370.970.4

92.175.9

64.667.067.767.7

69.067.970.468.871.471.372.374.072.2

83.368.470 8

86.677.8

86.089.691.6

105.4

84.683.887.288.288.888.283.381.887.6

79.277.185.9

83.564.6

69.272.372.680.3

68.867.769.571.571.871.669.567.370.8

69.560.769.8

Trade-unionmem-

bers em-ployed

Percentof total

m embers

7468

71737271

727475767675727274

686874

Wages

Factory 2

Averageweekly

earnings

Averagehourly

earnings

Dollars

21.7516.23

19.4119.5018.4418.57

18.8919.8120 4921.0020.7920.7019.9219.5919.53

17.2317.3320.08

.562.479

.536

.542

.546

.550

.551

.558

.561

.579

.586

.586

.587

.588

.592

.507

.472

.576

Com-monlabor

Centsper

hour

3432

37373838

373742434343424141

333341

* Adjusted for seasonal variations. 2 National Industrial Conference Board.

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SURVEY OF CURRENT BUSINESS November 1934

FinanceDEVELOPMENTS of the current month, while

without spectacular features, were in general con-structive. The rising trend of bond prices lias carriedthe Dow-Jones index up nearly two points since thefirst of October; stock prices have been firm andcommercial loans have continued to expand slowly.

A feature of recent banking statistics has been thefurther expansion in bank deposits. In the 4 weeksended October 1.7, the net demand deposits of thereporting member banks increased $422,000,000 to$13,365,000,000, the latter total representing an in-crease of 25 percent as compared with a year ago.The large increase in the past year has resultedchiefly from gold imports and Government borrow-ings, as the trend of the total of outstanding loanshas tended to diminish the volume of bank deposits.The expansion of "all other" loans in the past severalmonths, however, suggests a reversal of the trendwhich was evident over a greater part of the past year,

The trend of business activity is more closely re-flected in the turnover of bank deposits than by thechange in the deposit total. The monthly figuresshowed an upward trend in the rate of turnover ofdeposits in the spring months of 1934, but a subsequentsharp decline carried the figure to a low for the yearin the third quarter. Debits in the first half ofOctober indicate some improvement over the Septem-ber figures.

In its weekly report of the member-bank statisticsas of October 17, the Federal Reserve Board madeseveral changes designed to give certain addit ional

figures which will make possible a more accurate inter-pretation of current trends. The "all. other" loantotal has been broken down to show separately thevolume of acceptances and commercial paper pur-chased and the amount of loans on real estate. Asof October 17, acceptances and open-market com-mercial paper represented 9.8 percent and the realestate loans 21 percent of the total formerly reportedas "all other" loans.

Only minor changes in the amount of reserve-bankcredit outstanding occurred in recent weeks. Mem-ber-bank reserve balances, which declined sharply atthe beginning of September, have again increased inrecent weeks so that by October 17 the total was onlymoderately below the August average. Excess re-serves have fluctuated around \% billion dollars sincethe latter part of September.

New capital issues in September made up a verysmall total. Of the $43,375,000 of securities offered,less than $5,000,000 represented corporate issues,The volume of new issues continued low during thefirst 3 weeks of October. An interesting develop-ment of the latter month was the offering by a privatesyndicate of $50,000,000 of bonds of the HomeOwners' Loan Corporation. These bonds are un-conditionally guaranteed both as to principal andinterest by the Federal Government.

Direct loans to industry by the Federal reservebanks as of October 17 had reached a total of $4,576,-000. In addition, the banks had made commitmentsto advance such loans to the amount of $2,182,000.

FINANCIAL STATISTICS

Year and month

1931:SeptemberOctober.. _ _

1932:September. „ _ _ _ _ _October _ . _ . . . . „ . _

1933:September..October. „ _..NovemberDecember...

1934:JanuaryFebruaryMarchAprilMay... . _ _ . _June iJulyAuirust _ . iSeptember^....

Bankdebits

outsideNewYorkCity

Repor t ing memberbanks, Wednesdayclosest to end ofmonth ;

Loanson

securi-ties

16 627 '18, 125

11,76712, 354

12,21513, 02711,92713, 288

13, 198 '11,78414, 07714,27814, 10514, 75413, 91013,42012,869

j |AH | In-

other l| vest-loans i i ments

i ,

3, 9843, 786

3,687 i3,604 '3,569 ;3, 620 j

3,609 i3,520 i3,514 i3,5773,476 i3,5293,358 !3, 2473,047

5,268 ' i 7,6015,217 ( 7,971

4,853 , 7,9894,989 i; 8, 1564,999 i 8, 1044,765 : 8,200

4,740 ! i 8,7724,665 |! 9.2154,647 !: 9,3114,559 i ; 9,3264,550 i 9,2804,485 ! 9,7234,515 9,8894,555 j i 9,9064,747 10,017

j| FederalI Reserve

bankcreditout-

stand-ing,

end of; month

Millions

1,578i 2, 184iI 2, 233

2, 227

2,421 ,2,5492, 58 12,688

1 2, 6302, 567

i 2, 5452, 4852, 4632,4722, 4622, 4fU2, 464

Totalbank-ers* ac-cept-ancesout-

stand-ing,

end ofmonth

of dollar^

996J . O i O

fS4(.99

715737758764

771750685613569534516520539

Netgoldim-

1 ports1 in-cluding

i goldre-

i leasedfromear-

mark *

-258. 5-41x3

100 2f.b. }

-7.41 -5.5I -.51 2.7

9.4i 521. 2! 236. 5

53. 61 34.1

64.752.93f>. 2

-16.3

i

Moneyin

circu-lation

"'• ̂

o. 6S5r) ,f i i3

5, 6325, 656

: 5, 6815,811

i 5, 6B9»5,339

; 5, 3685, 3665, 3555, 341

! 5, 350; 5, 355

5, 428

Savings deposits

NewYorkState

i 5, 231i 5,217

! 5, 282; 5, 271

5, 0795. 049

| 5, 0295, 064

5. 0675, 076

! 5. 1225. 0975, 090

i 5, 134! 5,114i 5, 054

5, 132

PostalSav-ings

i(.9537

859872

1,1811, 1891, 1991, 209

1,2011,2001,2001, 1971, 1971, 1981,1911,1931,193

Stockprices(«D

! Stand-ard

Statis-tics

1926=100

1

81.7! 69. 7

58.219. 9

74.869.569.170.4

1! 75.6

80.577.1

j 79.671.873.5

i 71.4i 67. 8

67.0

Bond! prices,1 New

YorkStock

! Ex-change

i (do-mestic)

; Dollars

88. 3486.13

83. 9382.04

85. 8284.7082.9885.11

j 88. 7790. 1291.0992. 54

! 92. 3293.1692. 0091. 1390.05

i

Newcapitalissues

"Thous.of dollars

1 " ~ ;

270, 57044,988 i

8S. 515100,024

64,19758, 702 !88,257 '57,000

47,775 i79,12197, 276

143,404 !

102,733 1122,506216. 645179, 54843,375

Aver-agedivi-dend

share(600

com-panies)

Dollars

2.182.10

1.241.24

i1.061.061. 101.11 i

.12 ;

• 15

.16

.16 !

.18 :

.19

.21 i

.231.23

i

Interestrates,com-

mercialpaper

(4-6months)

Percent

2 -i.Hf> _(>•; /

1M-2MIM-JM

iHiH

1M-1M1M-1HM-V4i -\\ii -mH~iH-iH'1

i 91 cities. 1 Net exports indicated by (—). 8 Gold coin reported in circulation prior to Jan. 31, 1934, was eliminated from the total as of that date.

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November 1934 SURVEY OF CURRENT BUSINESS

Foreign TradeEXPORTS increased in value in September by

somewhat less than the usual seasonal amount,while general imports and total imports for consump-tion showed increases in value of 10 percent and28 percent, respective^. The normal seasonal move-ment of imports in September is slightly downward.

Because our foreign commercial transactions duringthe past 2 years have been affected to a considerableextent by many special influences, some of a temporarynature, the cumulative totals of foreign trade reflectmore accurately the extent of the improvement intrade than do the month-to-month comparisons. Inthe 9 months ended with September 1934 the valueof exports of United States merchandise and of im-ports for consumption increased 42 percent and 18percent, respectively, in comparison with the sameperiod of 1933. Exports increased about 16 percentin quantity, while the total volume of imports wasabout the same.

September was a month in which special influenceswere particularly important in the trade movement.Imports for consumption were increased by the ab-normally heavy movement of Cuban sugar frombonded warehouses after September 3, the effectivedate of the new reciprocal trade agreement withCuba. Imports of sugar for consumption from Cubaduring this period dropped by 60 percent in compari-son with 1933. With September withdrawals ofCuban sugar from warehouses exceeding entries by592,000 tons, 9-months imports for consumption fromCuba were 1.5 percent higher than in 1933.

A number of other commodities were imported inlarger quantities in September than in August. Variousfood products, particularly grains, coffee, cocoa,vegetable oils, beverages, and feedstuffs, unmanufac-tured tobacco, nursery stock, raw silk, tin, preciousstones, and fertilizers were among the important itemsshowing increases.

Agricultural products, which show a seasonal in-crease at this time of the year, were responsible forthe major part of the increase in the value of total ex-ports during September. Raw cotton, leaf tobacco,dried and evaporated fruit, apples, vegetables andpreparations, and lard were some of the commoditiescontributing to this rise.

Finished manufactured exports decreased 7 percentin value from August to September. A reduction inthe value of shipments of automobiles, machinery,and apparatus were influential m this decline, al-though iron and steel manufactures, rubber manu-factures, paper manufactures, and refined petroleumproducts also decreased. Exports of cotton manu-factures, which dropped steadily during the summermonths, recorded a slight expansion in September.

In comparison with September 1933, crude materialexports were smaller in quantity in September 1934.Unmanufactured cotton exports were only about halfas large in quantity as last year. Exports of finishedmanufactures increased 35 percent in value betweenthese two periods, while the gain in value of this classof exports for the first 9 months of 1933, compared withthe same period of 1934, was 55 percent.

Indexes

EXPORTS AND IMPORTS

Exports of United States merchandise Imports 3

Year and month

Value Valueof

totalex-

ports,ad-

justed i

of itotalim- !

ports,ad-

justed'

V-v

ports,in-

clud-ing

reex-ports

Total

t

1931: September ..1932: September.1933:

September..OctoberNovemberDecember

1834:JanuaryFebruaryMarch _ „ _Apr i lMay . .. .June _J u l y _AugustSeptember

Cumulative, Januarythrough September:

193219331934

ige, 1 923-25 — 1 ( K4533

40424248

444750504550484948

% 36334

Crude Foodstuffsmaterials

RawTotal cot-

ion

— -- — :

Total

! Fruitsandprep-ara-tsons

i Finished

Semi-man-ufac-tures

manufactures .

ITotal

1 !! ' 1

Auto-mo-

Ma- biles,chin- parts,

ery andacces-sories

Millions of dollars

55 i IK) 232 | 132.0

48464042

424244494744433943

§353 QA

? 48 s 43

160.1193 1184.3192.6

172 2162 8191.0179 4J60 2170 6161 8172 0191.7

1, 187. 51 105 01,561.6

' 177.4129. 5

j! 157.5

190 8183.3189.8

169 5159 7187 5176 5157 ?168 0

| 159 2i If9 8

189.2

j 1,1 59. 711,085 31, 536. 6

1 44 4! 47.4

63.681 871.373. 1

60 454 255 345 9 !38 047 o

23. 5 28. 432. 1

45.354 248.844.3

20.4

18.723 524.124 3

41 5 22 737 7 19 634 7 9,0 l24 517 6

17 8I f i 8

98 Q 14 Q

9.29.6

6.811 09.78 3

8 46 8

! 5 54 4

! 3 34 n

21.415.9

21.324 424.2

83. 2 24. 6 i 8. 745.9 9. 1 4. 9

53.9 11.761 161.7

28 5 63 9

13 5leioIS 8

8.38 67.39 3

1 H25 0 i 61 4 14 424 5 ' 61 4 ' 14 6

10 813 9 '

i 31 4 [ 80 8 18 3 9n K29 4 • x'-! 4 iu 926 2 i 7fi 9 T7 n

! 97 Q !i 78~ 1 1 1«'fi

37 2 • 20 3 17 1 '>• Q w «39 7 1 17 « 09 i66.4 i 32. 2 20. 1

7 7i.i

!

345. 6304 4444.1 i

09' 429^7

1 76 2 18 9i 78 7 °0 2

9] 5

20 620 018 4i " ^

73. 0 188 14 0I • " •j j i i

227.7 180.5 I 51.7 ; 149.5 i ! 484.2 100.1 bl b250 9 131 1 • 38 6 159 9255.2 I I 171. 1 I 5(K 1 ! 252^3

42° 9 is7 9 ( .̂ 4fsfW 2 15*) 9 151 4 i

Total

i 170. 198. 4

146.6150 9

i 128.5133 5

128 7125 0153 1141 1146 Q135 0124 1J 17 3149.8

1,015 71 Oio P)M21. 0

! Crudei ma-1 terials

i

; 52. 9i 27. 3

48.346 9

j 37.336.2

|35 7

, 36 944 941 042 842 639 134 238.6

274.6297 8355! H

Food-stuffs

Semi-man-ufac-tures

\

Fin-ishedman-ufac-tures

i 35 ji 31. 3

31.234 830.642.4

39 338 348 6J5 646 339 329 130 857.3

313. 3309 3374 6

30.314. 6

33.533 227.827.2

26 422 229 726 126 Q26 827 523 024^2

166. 9203 8232 9

52.025.3

33.636 032.827.7

27 327 629 828 430 82t> 428 529 229.6

261. 0225 8257.7

Adjusted for seasonal variations.

92212—34—2

2 General imports through December 1933; imports for consumption in 1934. 3 Monthly average.

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10 SURVEY OF CURRENT BUSINESS November 1934

Real Estate and ConstructionCONSTRUCTION contracts awarded, as compiled

by the F. W. Dodge Corporation for the 37 Stateseast of the Rocky Mountains, declined during Septem-ber but increased in the first half of October. Sep-tember-October contract totals will probably be belowa year ago as September 1933 and the ensuingmonths witnessed the placing of a very large volumeof Public Works contracts. Public Works awardsreached a peak during this period; in the 3 monthsNovember 1933 to January 1934, they were at therate of a billion and a quarter dollars a year in the 37States included in the Dodge figures.

Despite the decline in Public Works contracts ascompared with a year ago, public funds still continueas the major support of the construction industry.This is evident from the fact that 63 percent of the totalawards of $110,219,000 in September were financed bypublic funds. The volume of awards so financed wasslightly higher than in August while the value of pri-vately financed contracts placed was about one-fifthless than in the preceding month.

Detailed figures for September, by classes of con-tracts, do not reveal any pronounced variations fromthe preceding month. Residential awards continuedto decline, the September total being the lowestrecorded for that month during the depression.Nonresidential awards also declined in September,while the Public Works contracts were slightly higherin value.

These contract figures do not include a considerablevolume of work of the nature of alterations and repairs,

the type of activity which has been stimulated to amarked degree by the drive sponsored by the FederalHousing Administration. That organization reportsthat banks representing 75 percent of the total com-mercial bank resources of the country have acceptedcontracts of insurance in order to make modernizationloans. The Federal Housing Administration furtherreports that loans for such purposes in the latter part ofOctober were being made at the rate of $2,500,000 aweek.

Some indication of the extent to which moderniza-tion activity has increased is provided by the Depart-ment of Labor's data on building permits issued in 768identical cities having a population of 10,000 or more.The permits issued for new buildings show a declineboth in number and value as compared with Septem-ber 1933, but the number of permits issued for addi-tions, alterations, and repairs was 14 percent higherthan a year ago and the estimated cost of the workcovered by these permits was 27 percent larger. Thus,it is apparent from these September figures that thedrive for better housing is making some progress.

An idea of the potential market which exists forbuildings, materials, and equipment may be gainedby a study of the table presented on pages 16 and 17of this issue. These facts were gathered from a surveyof 64 cities and a discussion of their significance iscontained in the article of which this table is a part.Other factors, including the all important question ofpurchasing power, will control the extent to which thisneed is translated into an effective demand.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE

Year and month

1931' September1932' September1933:

SeptemberOctoberNovember _ -December

1934:January ._FebruaryMarch _ _ _. . _AprilMayJune .July. .AugustSeptember

Monthly average January throughSeptember:

193219331934

Construction contracts awarded

F.R.B.indexad-

justed i

Monthlyaverage,1923-25 =

100

5930

30374857

494433322626272727

282032

All types of! construction j

Num-ber ofproj-

| ects

! 9,1057,152

i 7, 5941 7,476| 6, 232

7,677

i 7,7295,507

i 7,927: 8, 114i 9, 153! 8,3681 7,1821 7, 625

7, 666

6,6867,0927,697

Mil-lions ofdollars

251128

120145162207

18697

178131134127120120110

11882

134

Residentialbuilding

Mil-lions ofsquare

feet

13.06.6

6.36.96.45.9

3.93, 68.06.06.27.54.85.04.8

6.56.05. 5

Mil-lions ofdollars

54.622.8

21.521.523.623.9

15.114.528.122.724.826.619.818.617.9

25.120.020.9

Pub-lic

utili-ties

Pub-lic

works

Millions ofdollars

16.14.5

3.47.06.9

34.0

10.66.4

21.012.45.6

13.17.98.76.5

6.36.1

10.2

70.464.2

57.385.7

104.199.2

103.146.771.957.551.244.331.241.943.5

41.923.454.6

Explo-sives,new

orders

Thou-;sands ofI pounds

27, 24221, 126

25, 107I 25,084

23, 25623, 318

28, 50425, 58427, 72526, 95824,23124,81223, 38426, 063

18, 27119, 748

Building materialshipments

Maplefloor-ing

Oakfloor-ing

Thousands offeet, board

measure

3,1442,402

2,6223,2362,3003,234

3,6653,6654,6434,3034,5123,5734,4214,2793, 386

2,2892,6214,050

19, 48611, 739

9,5638,624

10, 0176,417

5,1378,112

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

11,46710, 6518,886

Ce-ment

Thou-sands ofbarrels

13,6719,729

6.5176,7504,4633, 738

3,7782,9524,6186,4928,7848,5397,8938,2977,388

7,1355,459 j6, 527 1

Highwaysunder

construc-tion

(NationalIndus-

trialRecovery

Act)

Thou-sands ofdollars

34, 96292, 215

134, 491159, 575

197, 088216, 291239, 974269, 229288, 460283, 506267, 509231, 554203, 027

:::::::::::244,071

Con-struc-tion

costs,Eng.

News-Rec-ord 2

Month-ly av-erage,1913=

100

171 4158.0

175.5187.7190.1192.1

191.3194.0194.0195.9199.6199.6199.7198.4200.6

i

156.4163. 6

I 197.0

Long-termreal-

estatebondsissued

HomeLoanBank,loansout-

stand-ing

Thousands ofdollars

66, 785700

0000

000000

40000

36110044

66, 32973, 11080, 69988, 442

92, 49794, 04093, 12588, 92286, 84286, 24885, 72385, 51986, 647

36, 96888, 840

1 Based on 3-month moving average and adjusted for seasonal variations. 2 First of month, Oct. 1, 1934, index, 200.9.

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November 1934 SUEVEY OF CURRENT BUSINESS 11

TransportationFREIGHT-CAR loadings, which expanded by the

usual seasonal amount during September, recededduring the first half of October after allowance for theseasonal change. The volume of traffic has continuedrelatively low as is indicated by the fact that loadingsin the week ended October 13 amounted to 63.1 per-cent of the average for this week during the past 15years. On this basis, the percentage has been lowerfor only 3 weeks of the current year.

Weekly loadings, which since the week ended July 7have been below those for the corresponding weeks of1933, were below the comparable 1932 total in theweek ended October 13. Loadings for the 41 weeksof the year, through October 13, were 7.1 percenthigher than the comparable period of 1933 and 10.5percent above that for 1932.

The index of car loadings for September, adjustedfor seasonal variation, was unchanged from the lowof the year reached in August at 59 percent of themonthly average for the years 1923-25. Of the eightclasses of freight indicated in the accompanying table,rnore-than-seasonal increases occurred in the ship-ments of coal and coke, and forest products shipmentsdeclined less than usual during September. Livestockshipments increased, although the adjusted indexdropped 19 percent, following the abnormal rise inAugust occasioned by the drought.

The financial returns of the carriers have not beenas satisfactory in recent months as a year ago. TheSeptember traffic statistics indicate little, if any, im-

provement over the August results. In August, totaloperating revenues of class I railroads increased overJuly but were approximately 5 percent below those forAugust a year ago. Net railwa}^ operating incomelikewise increased over the preceding month but was35 percent below that for August 1933. For the first8 months of the year total operating revenues, operat-ing expenses, and net railway operating income were9.1, 11.3, and 7.1 percent, respectively, above the sameperiod of 1933.

In an effort to solve by concerted action pressingfinancial and traffic problems, the Association of Amer-ican Railroads was recently created. The generalpurpose of this new organization is to " further improverailroad service and maintain the integrity and creditof the industry." This association consolidates theAmerican Railway Association and the Association ofRailway Executives.

Of significance with reference to the financial positionof the railroads was the decision of Chief Justice Wheatof the Supreme Court of the District of Columbia,handed down on October 24, holding the Railway Pen-sions Act unconstitutional.

Another event of general interest was the run of thestreamlined Union Pacific train from Los Angeles toNew York in 57 hours, or 14 hours less than the pre-vious record established in 1906. This train, which isthe first streamlined Pullman-equipped train to beoperated in this country, is to be placed in the Chicago-Pacific coast service.

RAIL AND WATER TRAFFIC

Year and month

1931: September1932: September1933:

SeptemberOctoberNovemberDecember _

1934:January.. _.FebruaryMarchAprilMayJuneJulyAugustSeptember

Monthly average, Janu-ary through September:

193219331934

Freight-car loadings

F.R.B. index

1•Ie«

P

•o9i

-t-i!»

f

Monthly aver-age, 1923-25 =

1007861

68666056

586163606364636367

565762

6954

60585963

646466626364615959

"eS

1,

737. 2573.5

648.2651.4591.5513.1

544.4577.2611.8583.7610.4615.6586. 6605. 0628.5

537.8554.2597.7

127.8108.8

126.6125.0125.5114.1

129.8143.8145.9100.3106.8100.393.295.9

116.1

94.3105.1115. 1

1

5.03.7

7.06.76.46.7

7.710.18.95.86.86.84.44.15.2

4.05.46.7

£«3"d

I

iui5

113

«

,1

11

ias

11"3u^ t«

o i i

1F

reig

ht-

car

surp

lus

Thousands of cars 4

26.017.6

25.124.423.418.1

18.321.823.724.225.124.620.822.322.0

17.820.922.6

37.337.6

31.329.830.925.9

29.430.129.626.528.134.942.740.134.8

32.733.032.9

24.820.7

20.323.220.515.1

17.515.313.416.316.215.422.230.934.1

17.816.320.2

211.9171.8

168.8172.6166.7148.5

153.8156.9165.5166.0164. 9157.7153.2159. 6159.3

177. 4162.6159. 7

29. 76.1

39.027.87.42.9

3.13.13.77.4

20.733.131.329.024.4

4.214.817.6

274.7207.2

230.1242.0210.7181.9

184.8196.2221.0237.4241.6242.7218.7223.1232.5

189.5196. 1222.8

564599

380385441463

434375357368355343348359318

721536362

Pu

llm

an p

asse

ng

ers

car-

Thou-sands

1,9691,339

1,3921,2561,0541,333

1,3061,1321,2271,2121,1221,3031,2801,403

9 1, 366a 1, 085o 1, 248

Financialstatistics, class

I railroads

h

ce

ISrt

1

ko 5£«HS31"

Thousands ofdollars

346, 340269, 533

292, 147294, 342257, 676245, 330

258, 006248, 439293, 178265, 391282, 024282, 779275, 984282, 679

3258, 5179250, 7490273, 560

54, 49548, 947

60, 93657, 26537, 56637, 764

30, 93129, 28152, 03832, 26539, 49541, 83635, 22139, 677

918,611»35, 060037, 593

Canal traffic

a?'iV

OD

I

5S3-*-<00.4

£

fc

&

Thousands ofshort tons

7, 1263,807

8,4537,1543,014

172

000

135,7457,9017,5226, 9906, 145

h 2, 244h 4, 994h 5, 719

587478

517593664

0

000

140550557519627465

M17ft 470M76

C9

rt

IThous.of longtons

884638

9611,082

864922

846979

1,1191,0381,008

835770

i Daily average basis. * Adjusted for seasonal variations. 3 American vessels, both directions. 4 Average weekly basis, o 8 months' average. h Average, April-September.

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12 SURVEY OF CURRENT BUSINESS November 1934

Automobiles and RubberTHE downward trend of both production and sales

in the automobile industry has been acceleratedduring October. The assembly of 1934 models israpidly drawing to a close, and new models have asyet been introduced by only a few of the smallermanufacturers.

September production was in line with, the prelim-inary estimates. The total number of vehicles pro-duced in the United States (including foreign assem-blies from parts made in the United States and re-ported as complete units) was 168,872, the smallestmonthly total since last January. The decline ascompared with August was considerably in excess ofthe usual seasonal recession and the weekly estimatesof production for October indicate an extraseasonaldrop in this month. The probable output for themonth is between 115,000 and 120,000 units, com-pared with 134,683 in October 1933. While output inSeptember was also below the 1933 total, for the 10months through October, production will be approx-imately 40 percent higher than in 1933, and more thantwice as large as in the corresponding months of 1932.

Production of trucks has been maintained at a rela-tively high level through September. The increase intruck output for the first three quarters of the yearover the comparable 1933 total amounted to 69 per-cent while the corresponding gain for passenger carswas 41 percent. Export markets so far during 1933have absorbed 16 percent of the trucks produced.

The ratio of passenger car exports to total productionis less than for trucks, although exports of assembledpassenger cars was 133 percent higher in the firstthree quarters of the year than in the correspondingperiod of 1933. The comparable percentage gain fortrucks is 150 percent.

Retail sales of new passenger cars in September were5.5 percent less than in August after allowance for theusual seasonal decline. The adjusted index has receded14 points in a 2-month period, after reaching 67 per-cent of the 1929-31 average in July. Although, aspreviously indicated, the downward trend of sales hasbeen accelerated during October, a drop of about one-fifth is usual for that month.

Continued recession in the rubber manufacturingindustry is apparent from the September figures. Thereduction in tire and tube manufacturing and otherrubber goods (excepting boots and shoes) was sub-stantial. The drop in the shipments of pneumaticcasings was much more severe than the drop in output,but as shipments were in excess of the number pro-duced manufacturers' stocks were further reduced.The recent trend of renewal tire sales indicates a totalfor the year substantially less than the estimates basedon the sales figures for the early months of 1934.

Crude rubber prices have declined in recent weeks,influenced to some extent by the weakness of sterlingexchange. By the middle of October the New Yorkprice had dropped below 14 cents a pound.

AUTOMOBILE AND RUBBER STATISTICS

Automobile production AUei°|J?rt?IIC

United States

Year and month

F.R.B.Index,

ad-justed1

iMontb-

1931: September-.1932: September.,

September. „ _ _ _OctoberNovember. , .___.December

1934:JanuaryFebruary _ „.MarchAprilMav__ „_ --JuneJulyAugustSeptember

Monthly average, Jan-uary through Sep-tember:

1932 . _ . _1933 .1934

ly av-erage,1923-

25=100

TotalPas-sen-gercars

Thousands

40 i in24

65 ': 19245 i 13530 I I 6145 '! 83

56 ' l 15771 ! 23278 33185 35578 33282 ! 30878 26761 1 23551 ! 169

; 35! 50

71

128183265

1U965

157105

i 411 49

1 113! 188: 2751 289i 274; 262! 224

184124

107153215

Taxi-cabs Trucks

Canada

TotalPassen-

ger Trucks

1! ' !

Number

141 31,338 '13

963

1,6111, 299

3212716100000

65155

19, 402

34,42129.81318,31829, 776

2, 646 ! 4, 5772,342 j 3,053

5. 808 1 6.3303 6822,291 i

i ~"~i5 9063. 5'273 066

43,255 ! 6 904 i 3 68544.041 8. 571 ! l 8.87256 52565. 7 1 4

14 180 !! 18. 3fi3 •

57.887 1 20. ir.l '•46, 21342. 70851 309

' 13 9051 11, 114 i! Q OfU

44,903 5,579 !

16 141

4,1712.G01

4.6145. 5673.1706,460

7, 5736. 039

10 07fi16. 509 10. 75616, 05818 07117 62112 52210, 236

l l i

20, 92929. 849

41 50,291

i5.9506,299

11,965

3,9105,779

13, 302

8.6326,8166. 33S7 3U57, 530

2, 0933, 1467,894

New |

senger i

reg-istra-tions

New passenger- I Pneumaticcar sales ! tires J

Unad-justed

i

Ad- !justed i

Pro-duc-tion

Domesticship-

ments

Crude rubber

Do-

eon-sump-tion,total

Im-ports

Wmrlrl

stocks,end ofmonth

i . Monthly average, Thnn^ndsI 3929-31 = 100 J notiaanas

n:4. • i) iK 1,393

157. 976136.32694, 18058, 624

61,24294. 887

173.287222, 900219, 163223, 642228, 7( 0

146^ 931

104, 796133, 899

47.2•W. 5

51.242.733.017.3

22.845.768, 487.978. 184.673,9«3 152.0

40. 747.3

1 64.1

19.0 i 2,538Ii l .0

52. 0 '53. 553.030.5

33.554.564 559 055. 563.567.0

2,031

3, 1992.7432,4322,466

3,8044, 2055.0254.6274,3234,2123. 252

56 0 3, 42753.0 i 2,832

: , 2, 954.. .J1 3.178

3, 967

3, 0342,411

2.7141.9131, 6862,726

3. 0433. 1063 9664,2125,0494,9563, 954

Long tonsi

21,747 i 38,93320, 692

31,04727, 75825. 37125, 306

35, 15936,51843 32940, 90239, 57136, 62030. 035

4 091 30 3122, 967 27, 317

3, 034 25. 8833, 042 30. 5023,927

29, 280

46. 25546, 03441.82140, 751

49,08835. 22042 25345. 17549, 90148, 74842 67432 70032, 010

35, 247

554, 4585U9, 761

619, 019628, 127646. 423044 898

643 355652 690653 000647 993659, R6fi660 698672 312662 701665, 00ft

t i iO. 91432,255 1 618.713

35, 533 41, 974 i 657, 513

1 Adjusted for seasonal variations 1 See note on p. 51. September figures are preliminary.

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November 1934 SURVEY OF CURRENT BUSINESS 13

Forest ProductsWITH demand for lumber unimproved to any ap-

preciable extent, conditions in the industry haveundergone little change in recent weeks. Productionwas lower in September, after adjustment for the usualseasonal variation, but monthly shifts in output arewithout especial significance on account of the lowvolume involved. Even the current rate of output,which is about one-third of the 1923-25 average, isnot warranted by the demand for lumber and the avail-able supply. Since May, production has been belowa year ago; for the first three-quarters of the year,however, the cut was slightly higher than in 1933.

Gross stocks held by 1,623 mills at the end of Sep-tember were in excess of 5 billion feet, but total stocksof lumber are much higher than the total for thesemills. Stocks of 611 identical mills were 3,739,982,000feet compared with 3,305,405,000 feet a year ago.

In a recent review of the stock situation, the LumberCode Authority announced that another drastic reduc-tion in lumber production is contemplated during 1935.In addition to the 22-percent reduction made in theproduction quotas for the fourth quarter of 1934 fromthe preceding quarter, it is now proposed to reducestocks during 1935 by 15 percent. The proposaladopted by the control committee was that stocks oflumber should be reduced in the west coast loggingand lumber, southern pine, northern hemlock, north-eastern softwood and hardwood divisions by approxi-mately 1,360,000,000 feet. In the opinion of the com-

mittee "stocks which are in excess of the proportionateaverage stocks carried during the year 1929 by notmore than approximately 34 percent can be main-tained without market demoralization." It is helddesirable to adopt a program of gradual stock reduc-tions for 1935 sufficient to reduce divisional stocks toa relationship to shipments which may be expected tomaintain reasonably stable markets.

Employment and pay rolls in the lumber and alliedproducts industry showed only a fractional decline hiSeptember after adjustment for the usual season tl in-crease. The increase in employment in the furnitureand sawmill industries combined was in accord withthe seasonal trend. Employment in the millwork andturpentine and rosin industries declined. As corn-pared with 1933, employment was lower in all groups.Wage payments in September were slightly higherthan in August, with all groups, excepting millwork,sharing in the larger distribution. September 1934wage payments were 9.1 percent lower than in thesame month of 1933; the largest relative decrease inthis period was 16 percent in the furniture industry.

Current statistics are not available on the trend ofproduction in the paper and pulp industry. The num-ber employed in the industry arid the volume of wagepayments indicate that fluctuations in September wereof a minor character in line with the trend of other-recent months. Domestic production of newsprint inSeptember continued above the comparable 1933 total.

FOREST PRODUCTS STATISTICS

Year and month

Production,adjusted •

\ PaperLum- | and

her i print-1 ing

Employment

•£r j saw-tur'c, | ™«ls.

ju*ted«J«^dl

! 1

.Tur-pen-tineand

rosin,unad-justed

Pay rolls- -Unadjustedi __

Fur-ni-

turei

Saw-mills

Tur-pen-

| tineandrosin

Monthly average, 1923-25=100

1931: September1932: September1933:

SeptemberOctober ...NovemberDecember

1934:JanuaryFebruaryMarch .. .....April... . _ _ . _ _ . ,May..,.. ........._...JuneJulyAugust. ... _ .September. _

Monthly average, Janu-ary through Septem-ber:

1932.--. _ . . _ _ _ . .1933 -1934 __

:u>23

36333032

342938333331

10488

104999597

9999

100100100

29 !3<> - _3?

25 ....!32 '33

72.3 1 37.253. 7 1 25. 1

74.8 ! 34.572.2 | 35.667. 3 ! 34. 463.8 l 34.0

62. 2 32. 163. 0 i 32. 764.1 i 33.763.0 ! 34.564.5 ; 35.664.7 i 34.26i 9 , 33 1>V2 ?s ' .43.0fi3. n 33.0

59. 0 ' 26. 359. 4 i 26. 5 !63.6 i 33.5

85. 567.8

97.6103.9101. 1107. 7

97.898.6

101. 4101.2102.498.697.3flS.39fi. '»

71.676.799.1

i 60. 1| 33.9

52. 8i 55.0

45.0i 40. 1iI 35. 3» 40. 5

41. 140.340.541.2

; 39.3V2.7M fl

• 35. 032.940.6

' M . I13.5

9^ O

23.321.820.0

17.419. 120.722.524.223.220. 922! 1n. 3

14. 514. 121.4

t:j. t5:<0. 4

43.348.345.348.9

50. 4 i51.7 !

46.2 I53.7 i51.451.050.3 •51.3

32.832.650.9

Car-load-ings,forestprod-ucts 2

Thou-sands of

cars

20. 0! 7. 6

25. 124.423. 418. 1

18.321.823.724.225.124.620.822.3

17.820. 922.6

Lumber production— .-

i Doug-! las

fir

_ _ . _ _ .. .... . .

South-ernpine

South- Cali-ern fornia

hard- red-woods wood

1 i! !

Millions of feet, board measure

1559f>

137132128111

1091321511531327770

j 144HI

: 971 138

123

117 i 305 ' 1580 i 68 | I T

114 1 50 IS104 1 43 2910396

106112124117118108999998

131 16135 17

124 20128 23120 25135 24116 26146 26116 21101 26

. , . . . ! 25

92 » 83 12105109

12» 123 24

Newsprint

Con-sump-

tionby

pub-lish-

Im-ports

ers

Pro-duc-tion

• Short tons

].r 2,422 I 159,946127. 4l>5 , 133,830

i1 134. 306 i 177, 7501 152, 098 j 175, 711

154,934 1 176, 766148^427 IKS' 787

j 140,955153*, 958156, 721160. 815193, 088154, 175150,' 500145', 005151,900

168, 752124, 584168*839196. 490204, 036200, 004197,' 227171' 3(;o159, 944

i ii!

i 141,363 150,324! 13^ 7ig' 156^356

141 364176! 807

91, 1070, 352

72, 78.r"82, 05287, 56?80, 89J>

84,89771, 54-J-84, 96680,50589. 72082, 26(i74, 01779] 97 174.fi:

H5, 121*77,31s80', 223

Adjusted for seasonal variations. »Weekly average. 8 months average

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14 SURVEY OF CURRENT BUSINESS November 1934

Iron and SteelA FTER reaching a low for the year in the first week

-^A- of September, the rate of steel ingot productionsteadily increased through the following weeks of thatmonth. This improvement carried the operating rateonly to about 25 percent of capacity, and during thefirst 3 weeks of October the rate has fluctuated withina narrow range around this figure. For the month ofSeptember, output, on a daily average basis, was frac-tionally lower than in the preceding month, but totalproduction was 8 percent below that for August byreason of the fewer number of working days.

Demand from the major consuming industries hascontinued on a restricted basis. Releases of tonnageby automobile manufacturers were small during Sep-tember and October. Volume orders for the newmodels had not been placed up to mid-October andit is not likely that steel requirements for such pur-poses will reach a sizable tonnage before December.Orders from the railroads have also been small andreports indicate that the railroads still have on handunlaid a substantial part of the rail tonnage purchasedwith the aid of P. W. A. funds.

With little change in the price situation consumershave continued to requisition supplies as needed.Scrap prices, which are usually sensitive to changes indemand, have only recently ceased declining. Thecontinuance of the steel code without changes in priceprovisions has removed for the present one of thesources of doubt concerning future price trends.

Output of pig iron during September was 15 per-cent less than in August. Only half of the decline isaccounted for by the fewer number of working days.The number of furnaces in blast at the end of themonth, 62, was the same as at the end of August.

Despite the sharp curtailment of operations in theiron and steel industry during the third quarter of theyear, production for the year to date exceeded thecomparable 1933 period by 13 percent and the corre-sponding period of 1932 by 91 percent.

Shipments of steel during September conformedfairly closely to the trend of ingot production, accord-ing to the figures of the leading manufacturer. Thiscorporation's September shipments were 2 percentless than in August but were higher on a daily averagebasis than in the preceding month. Total shipmentsof this organization during the first three quarters of theyear were 15 percent higher than the same period of1933, or about the same relative increase as wasreported for ingot production for the industry as awhole. Shipments of steel sheets declined fromAugust to September by 6.4 percent. New ordersin September were 17 percent in excess of the incomingbusiness during August.

Increased business in the machine-tool industry,which was reported in August, failed to carry overinto September. Domestic sales were 9 percent lowerthan in August and foreign sales were lower thanduring any previous month in the current year.

IRON AND STEEL STATISTICS

Year and month

1931: September1932: September1933:

SeptemberOctoberNovemberDecember _ _ _

1934:January _FebruaryMarchApril— . . _ __MayJuneJuly _ .AugustSeptember

Monthly average, Januarythrough September:

193219331934

General operations

Produc-tion,ad-

justed *

Em-ploy-ment,

ad-justcdi

Payrolls,

unad-justed

Monthly average,1923-25=100

4528

65604760

566366768485473837

325461

65.249.4

70.969.468.167.6

64.966.469.171.574.376.371.468.865.4

54.255.469.8

45.524.8

47.547.643.343.7

41.145.751.356.861.362.647.645.541.1

30.133.350.3

Iron andsteel

Ex-ports

Im-ports

Pig ironI

Pro-duc-tion

Thousands of longtons

7036

109165158185

178151261202242219233243301

4993

226

3129

56472931

232538272925183224

313427

! 1, 169593

1,5221,3561,0851,182

1,2151,2641,6201,7272,0431,9301,225i,054

898

7631,0651,442

Fur-naces

inblast

Num-ber

7347

89797675

878996

11011789756262

536987

Steel ingots

Pro-duc-tion

Thou-sands

of longtons

1,545992

2,2832,0851,5211,799

1,9712,1832,7612,8983,3533,0161,4731, 3631,252

1,1491,9102,252

Per-cent

ofca-pac-ity

2818

46372733

334146535653272323

203439

Steel sheets *

Newor-ders

Ship-ments

Thousands ofshort tons

12179

1457988

110

209184158272246115736677

1 91

136156

12375

16417599

112

131147201184241302857873

95 ''124160

UnitedStatesSteel

Corpo-ration,

finishedprod-ucts,ship-

ments

Longtons

486, 928316, 019

575, 161572, 897430, 358600. 639

331, 777385, 500588, 209643, 009745, 063985, 337369, 938378, 023370, 306

351, 783461, 895533, 018

Prices

Ironandsteel,com-posites

Steelbillets,Besse-mer

(Pitts-burgh)

Steelscrap(Chi-cago)

Dollars per long ton

30.6128.93

30.3630.5330.2531.01

31.1531.3031.3832.6732.9732.9632.3232.2432.15

29.1828.7632.13

29.0026.00

26.0026.0026.0026.00

26.0026.0026.0026.7529.0029.0027.4027.0027.00

26.6926.0027.13

8.206.25

9.849.338.568.94

10.5011.0012.1311.7510.959.759.559.198.50

6.427.76

10.37

Finishedsteel,com-posite

Dollarsper 100pounds

2.202.16

2.202.262.262.31

2.312.312.312.402.532.532.462.442.44

2.162.122.41

1 Adjusted for seasonal variations. 2 Black, blue, galvanized, and full finished. 3 See note on p. 46.

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November 1934 SUEVEY OF CURRENT BUSINESS 15

Textile IndustriesWITH the termination of the strike on September

22, production in the various textile industrieshas been on a more normal basis in recent weeks. Theincrease in production has been gradual since the rateof production prior to the strike was influenced bythe desire to increase stocks in anticipation of apartial stoppage of operations.

The seasonally adjusted index of textile productiondropped 21 percent in September from the Augustfigure. The decline in the different branches of theindustry varied considerably. The reduction in out-put amounted to about 50 percent in the cotton clothindustry in the week when production was at itslow point. The reduction in the woolen industryduring the month was also severe, but in the hosieryindustry the decline was relatively of minor proportions.

Mill consumption of raw cotton in September wascut to 295,960 bales, a reduction of 30 percent from theAugust figure and of 41 percent from the September1933 total. About 71 percent of the spindles in placewere active during the month, with operations aver-aging 54.3 percent of capacity against 76.8 percent inAugust, a decline of the same proportion as the dropin cotton consumption. Weaving of cotton goods isestimated to have declined by approximately one-fourth in September. Stocks of gray goods were re-duced during the month but not to an extent sufficientto require immediate replenishment.

Curtailment of activity in the silk industry in Sep-tember was less pronounced in throwing than in weav-ing operations, due to the sharp increase in the outputof silk for knitting. Silk cloth production was sub-stantially lowered during the month, the output ofstock-carrying mills being cut to an average of 175yards per loom in September against 287 yards inAugust and 331 yards a year ago. As shipments werenearly double the output there was a further reductionin stocks. Stocks at the end of September were stillrelatively high. Output of commission weavers washalved in September.

Although September data are not available, theCode Authority reports that production of silk hosierywas reduced to only a minor extent by the strike.Manufacturers' stocks were reduced during August afterincreasing steadily for several months. The numberof pairs on hand was the lowest since last March.

While the strike interfered with production in thewoolen industry, output was on a restricted basisprior to the break in labor relations and the curtailmentdid not strengthen the market appreciably. Conse-quently, mills were reported to be slow in resumingproduction following the termination of the strike.Machinery activity in September was sharply lower,the reduction varying greatly among the differentbranches of the industry.

TEXTILE STATISTICS

Year and month

1931' September1932' September1933:

SeptemberOctoberNovemberDecember

JanuaryFebruaryMarchAprilMayJune -_JulyAugustSeptember

Monthly average, Januarythrough September:

193219331934

Pro

du

ctio

n in

dex

, ad

-ju

sted

i

Month-ly av-erage,

1923-25=100

100104

99918978

879194908877788164

7910283

Cotton,raw

Mill

co

nsu

mp

-ti

on

Run-ningbales

464, 335492, 742

499, 482504, 055475, 247347, 524

508, 021477, 046544,870512, 594519, 299363, 262359, 951420, 949295, 960

395, 915542, 642444, 661

Cotton and manufactures

Sp

ind

le a

ctiv

ity

,to

tal

Mil-lions ofspindlehours

6,5396,875

7,0537,2566,7955,080

6,9736,6927.7067,2597, 2685.2415,1525, 7533,716

5,5397,4946,196

Cotton clothfinishing '2

Pro

du

c-ti

on r«pi

Thousands ofyards

86, 517

99.901104, 920131,426122, 951114, 80383, 41475, 83384, 49990, 772

137,661

106, 280104, 94999, 614

106, 388107. 128118, 034109, 756101, 057101, 083

166,947 1106,032

Who

lesa

le p

rice

,co

tto

n g

oods

Month-ly av-erage,1926=

10061.557.9

91.388.886.085.5

86.588.689.188.286.386.085.186.487.8

54.265.587.1

Wool

Co

nsu

mp

tio

n 3

Thou-sands

ofpounds

47, 54846, 055

50, 46751, 03743, 46633, 570

35, 96834. 34836, 11929, 88928,21326, 21326, 81929, 06623,861

29, 73443, 50630,055

Wool manufactures

Spinningspindles

Woo

len

Wor

sted

Looms

Nar

row

V

1

Percent of active hoursto total reported

6370

82686354

707675706871717245

457669

7074

69656046

524844394029312621

466637

4436

48413927

343938404130262418

234232

6365

73626457

676966555654535128

466955

Wh

ole

sa

le

pri

ce

,w

oole

n an

d

wo

rste

dgo

ods

Month-ly av-erage,1926 =

10065.756.7

82.784.584.484.3

84.384.384.082.081.080.880.778.978.0

58.464.181.6

Silk

Del

iver

ies

to m

ills

Bales of133

pounds

53, 81959, 694

31, 18528, 52134, 82226, 959

40, 94239, 02144, 08037, 39238, 74033, 06932, 02136, 24732, 599

46, 17942, 12537,123

Operations, machin-ery activity

Bro

ad

loo

ms

Nar

row

loom

s

Sp

inn

ing

spin

dle

s *

Percent of active hoursto total

34.835.541.646.2

52.864.362.354.937.945.842.7

33.631.134.829.1

32.037.036.635.830.024.524.2

39.2

56.062.559.748.631.540.041.540.328.0

45.3

Who

lesa

le p

rice

,ra

w,

Jap

anes

e,13

-15

(New

Yor

k)

Dollarsper

pound

2.3151.805

1.8891.6471.4651.416

1.4531.5501.4051.3181.2841.1991.1391. 1331.125

1.5541.6441.290

1 Adjusted for seasonal variations. i Printed only. 3 Grease equivalent. • Twisting spindles.

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16 SURVEY OF CURRENT BUSINESS November 1934

The Real Property Inventory of 1934By Alanson D. Morehouse, Chief Statistician, Real Property Inventory

SIGNIFICANT information concerning the housingconditions of the people of the United States has

become available with the conclusion of the work ofcompiling the data gathered in the special surveyknown as the *'real-property inventory." This surveyfills a long-felt want, as hitherto detailed housingstatistics have not been available. Broadly, the infor-mation gathered may be divided into four classes,as follows: Facts concerning residential structures;

facts about family units; financial data; and miscel-laneous data, mostly pertaining to equipment. Theinclusion of the last-named list of questions developedsome most interesting facts.

The survey was conducted by the Bureau of Foreignand Domestic Commerce, with the aid of the Bureauof the Census, during the early months of 1934. From8,000 to 10,000 enumerators were employed in thefield work. The project was made possible by funds

Table 1.—Summary of Selected Statistics Collected from 64NOTE,—Data for cities marked with an asterisk (*) cover metropolitan district. City-proper data in these cases

city

Total, 64 cities.

Albuquerque, N. Mex _Asheville, N. C...

•Atlanta, GaAustin, Tex___ .._.Baton Rouge, La.....

•Binghamton, N. Y.._.•Birmingham, AlaBoise, Idaho -_Burlington, Vt—..Butte, Mont....... -Casper, WyoCharleston, S. C,

•Cleveland. OhioColumbia, S. C ..

*Dallas, Tex..... ....Decatur, 111.. ..

*Des Moines, Iowa ..*Erie, PaFargo, N. Dak.,Frederick, Md............Greensboro, N. C...Hagerstown, Md_.

*Indianapolis, Ind...Jackson, Miss---.--- .....

"Jacksonville, Fla... .-*Kenosha, W i s _ _ _ _ _ -*Knoxviile, Tenn.

Lansing, Mich. ._ ...Lincoln, Nebr

* Little Rock, Ark_.^Minneapolis, MinnNashua, N. H.

'Oklahoma City, Okla.. -Paducah, K y _ _

*Peoria, 111 .Phoenix, Ariz - - -Portland, Maine .. _ _

* Portland, Oreg.-•Providence, R. I. ...Pueblo, Colo_. , .

* Racine, Wis..Reno, Nev. _ _ _ . .

* Richmond, Va_*Sacramento, CalifSt. Joseph, Mo -

*St. Paul, Minn _•Salt Lake City, Utah*San Diego, Calif-Santa Fe, N. Me\ ..

•Seattle, Wash... ,Shreveport, La. -Sioux Falls, S Dak. ..Springfield, Mo.

^Syracuse, N. Y_Topeka, Kaus .

*Trenton, N. J _*Waterbury, foni)* Wheeling, W. Va .. .*Wichita, Kan^ . . . .Wichita Falls, Tex . .Williamsport, Pd .. . .. .

* Wilmington, Del_ .* Worcester, Mass.. .__ _Zanesville, Ohio... ......

Owner-occupied units

Number Percent Percent9,074,783 12,612,107 1183,200

2671, 3909,9911,543529

1, 5669,516365370497134903

21,107823

7,084 |1,1872, 7811,714257325

1,301686

12,1131,4035, 213743

3,1411, 4971,5052, 4316. 'J28637

5, 5891, 0623, 059670807

5,8827,924615955195

6 530

6, 45810, 83369, 26712,8496, 951

21, 75782, 7045,1674, 2527,3584, 22710, 759202, 56910,00966,81314, 66237, 34125,194

5, 2092, 635

11,0005. 035

91,8079, 563

35, 53011,05829,18818,14118,78025,16195,859

4, 646. 093

1 Excludes persons residing at clubs, hotels, rooming-houses, and summer cottages,* Families sharing dwelling temporarily with usual occupants.3 Includes units classed as crowded (1.01 to 2 persons per room), overcrowded (2.01 to 3 persons per room), and greatly overcrowded (over 3 persons per room); bath-

rooms are not counted as rooms.4 The difference between the sum ofthe units owned free and mortgaged and 100 percent is accounted for by those unreported.

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November 1934 SURVEY OF CURRENT BUSINESS 17

supplied through the Civil Works Administration andcovered 64 cities. Some of the more significant datahave been selected and presented in table 1. Certainpreliminary data for the individual cities have pre-viously been released in mimeographed form, andcomplete data, classified separately for each of the 64cities, is expected to be available in a few months.

The extensive nature of the survey is indicated bythe fact that at least one city was selected from eachState in the Union. The cities surveyed vary in sizefrom a population of 10,000 to more than 1,000,000,as shown in table 2. The 1930 population of theenumerated cities constituted 14.2 percent of that of

all urban areas, or approximately 8 percent of the entirepopulation of the United States. For nearly half of thecities, data were collected for the environs, as well asfor the city proper, so that totals were obtained forthe metropolitan district, which may be considereda social and economic unit. In the accompanyingtable, the statistics, where available, are for the metro-politan district. These districts, 31 in number, areindicated in the table by an asterisk (*).

It is important to note that the survey was restrictedto family dwelling units, thus excluding hotels, clubs,rooming houses, and summer cottages, and their equip-ment, together with the persons living in such estab-

Representative Cities in the Real Property Inventoryhave been compiled and will be published in the final report of the real-property inventory

Type of dwelling unit

Sin-gle

fam-ily

Pd.53.4

74.678.356.982.083.445.467. 372.040.555.265. 133.441.568.767.983 777.354.857.044.686.034.860.371. 171.461.085.279.274.384.753.234.070.574.678.560.228.977.031.778.356.867.258.867.071.861.771.376.166. 870.283.371.886.944.577.836.429.464. 174.582.546.831.331.371.8

2-fam-ily

Pet.19.0

9.87.4

23.68.99.3

29.324.86.5

29.513.59.1

29.228.818.416.75 74.2

31.513.134.46.9

42.023.920.517.229.05.89.35.46.5

21.030.312.614.58.5

16.628.63.4

31.17.0

30. 17.9

21.410.116.419.88.65.8

10.73.79.9

11.64.5

32.87.8

34.219.122.57.39.7

S3. 320.820.016.7

Rowhouse

Pet.1.5

2.1.4.8.3

1.4.3.8

1.4.8

2.15.41.6.4

1.3.11

.22.0

_ 25! 6.4

5.7.9.3.1

0.6.5.2. 1.4

2.6.2.4. 1

5.1.8.5.4

1. 1.2

3.13.0.3.2.3

1.81.04.4.4.5.2.1.4.3

18.3.3

1.3.8. 1

3.431.51.3.4

Apart-ment

Pet.9.4

6.25.59.72.31.69.64.0

11.910.314.712.62.8

12.51.66.64 59.02.5

15.01.82.47.39.01.83.71.83.54.3

12.33.9

14.810.38.42.95.38.3

18.214.96.95.73.4

14.97.79.85.4

10.013.310.72.0

21.01.76.63.58.25.42.7

16.41.9

10.12.96.95.19.84. 1

Size of dwellingunit

1 to 4rooms

Pet.37.1

58.636.254.048.8

5 and6

rooms

Pet.45.5

34.739.432.539.5

50. 2 1 37. 517.758.047.724.767.871.166.726.253.350.729.032.913.743.421.938.218.931.854.941.824.048.617.929.848.236.024.950.663.933.462.327.639.027. 549.520.860.138.245.943.133.451.148.468.650.656.037.046.017.533.713.930.344.541.546.419.119.720.827.0

53.830.738. 942.624.422.521.155.929.437.053 348.557.539.954. 738.160.252.734.445.357.437.353.145.740.147.147.440.328.549.530.147.142.651.440.356.130.436.945.844.046.939.441.923.335.732.644.639.251.147.653.354.940.544.843.057.949.358.454.8

Over6

rooms

Pet.17.4

6.724.413. 511.712.328.511.313.432.67.86.4

12.217.917.312.317. 718.628.816.723.423.720.915.510.712.918.614.028.924.511.716.927.79.17.6

17.17.6

25.318.421.110.223.19.5

24.98.3

12.919.79.59.78.0

13.711.418.414.831.318.732.814.815.013.710.623.031.020.818.2

Condition and material ofstructure

Inneed

ofminor

re-pairs

Pet.44.4

36.445.843.438.449.437.249.042.747.341.145.434.643.646.144.850 945.842.341.945.552.640.147.854.345.647.248.250.038.341.438.943.140.840.141.149.041.045.544.243.244.136.642.844.449.743.340.839.135.543.050.643.650.345.744.350.039.647.345.444.841.347.253.248.4

Inneed

ofmajor

re-pairs

Pet.15.6

16.022.723.219.217.76. 7

24.715.28.5

23.719.722.312.019. 115.817 517.210.912.49. 1

17.09.0

16.521.919.315.020.418.014.020.412.211.414.231.515.317. 711.116.08.7

16.517.811.716.615.217.715.418.811.614.117.711.014.318.28.9

18.510.09.5

23.820.020.019.510.611.019.3

Unfitforuse

Pet.2.3

1.53.94. 13.12.0.4

3.92.91.14.96.14.12.41.72.61 81.9.8

3.0.7

2.61.03.01.93.11.23.51.41.24.51.41.92.38.02.74.2.9

1.6.6

2.21.21.81.83.42.61. 72.61.51.32. 4L I1.02.2.8

2.21.2.8

4.92.12.61. 12.7.9

1.6

Wood

Pet.82.0

31.481.281.388.096.686.692. 182.885.066.982.584.988.682.681.789 679.377 279.' 423.388.241.489.886.989.083. 391.188.984.485.958.494.677.984.588.531.990.693.296. 851.585.168.358.976.680.772.330.574.81.5

92.495.189.389.691.890.655.993.686.889.790.470.840.594.584.6

Brick

Pet.10.7

16.89.6

17.45.41.44.26.26.6

12.731. 17.1

11.810.114.416.69 37.8

21.03.2

71.29.5

50.77.3

10.26.0

11.46.65.07.4

11.54.82.8

18.911.87.6

30.48.61.31.9

27.612.020.631.15.2

12.75.8

61.3.4

8.85.23.32.56.75.74.2

35.84.1

11.06.97.6

24.749.72.9

12.0

Dwelling units equipped with—

Fur-nace

orboil-er

Pet.50.5

39.640.928.83.05.4

77.517.441.455.827.035.52.7

74.517.33.2

75 975.565.587.061.227.465.961.43.05.8

80.223.386.980.31.6

76.645.37.7

16.372.611.371.264.448.141.478.246.035.922.149.073.746.76.9

15.260.6

.379.733.783.853.276.042.434.642. 12.8

71.663.148.747.2

Heat-ing

stove

Pet.42.4

52.650.835.895.149.822.221.855.943.170.563.875.524.837.096.423.224.233.411.338.455.533.738.056.661.419.440.813.018.695.622.552.489.474.227.082.927.734.150.956.221.152.563. 170.847.825.951.976.582.537.997.219.465.415.946.323.457.250.157.695.228.034.950.637.7

Me-chani-cal re-friger-

Pct.17.0

14.416.019.215.013.013.611.020.216. 19.2

14.59.1

17.915.316.614 217'. 39.2

25.820.218.419.516.310.111.412.610.914.327.616.721.314.523.76.4

20.520.214.620.511.912.514.422.025.717.619.216.723.816.210.822.110.118.417.218.216.814.713.115.222.013.213.817. 111.113.6

Gasfor

cook-ing

Pet.69.4

60.617.949.064.555.681.335.421.475.629.686.935.194.239.379.078 979^193.682.844.932.853.473.053.923.984.417.075.580.165.088.864.286.729.478.576.167.551.675.736.384.628.652.380.561.884.229.793.232.331.791.680.650.490.883.084.981.971.579.584.074.777.963.885.7

Elec-tric-ityfor

light-ing

Pet.90.6

87.880.670.478.669.997.766.496.797.798.390.949.897.864.784.992.495.097.797.587.782.794.692.664.066.796.968.798.397.072.397.295.386.868.693.791.695.897.396.290.796.296.179.596. 392.196.397.897.674.798.571.797.785.797.694.793.197.182.593.783.693.189.198.388.6

Pri-vatein-

doorwatercloset

Pet.82.7

73.684.073.773.282.495.861.778.997.977. 174.151. 195. 562.177.380.073.194.885.053.081.489.874.961.575.790.670.494.083.667.688.696.270.055.672.084.786.390.090.568.389.188.764.983.776.486.382.893.755.889.669.081.772.492.367.584.993.858.777.486. 090.375.692.367.4

Tuband/orshow-

er

Pd.76.5

70.572.264. 672.469.690.747.575.876.667.768.643.690.855.476.172.267.984.080.159.555.076.363.954.365.582.951.185.381.464.683.873.372.748.363.882.181.588.376.866.175.786.465.384.968.880.981.791.155.587.456.674.168.386.566.583.186.951.075.381.778.277.384.462.9

Passen-ger

autos 8

Number1, 343, 051

4,7985,113

40, 7219, 2943,302

17, 80930, 2804,0343,3014,2863,3374,814

179, 6065,095

50, 6638,617

26, 40516, 3254, 1962,1826,2383,878

C3, 5514,806

18, 8516,860

13,61814, 04915,48413, 27178, 9283, 159

32, 9083,520

20, 3308,5927,425

64, 20669, 9987,163

10, 2623,529

22, 44323, 7159,223

47, 73228, 06341,2451,163

74, 0599,9485,8899,007

35, 28311, 20318, 87211, 18617, 24722, 3196,3635,317

16, 03526, 718

5,217

Occu-pied

dwell-ing

unitswithautos

Pd.51.6

62.642.540.959.741.654.930.762.646.946.066.226.156. 040.059.053. 858.451.957.947.248.347.553.339.044.650.042.167.566.347.158.239.963.335.156.260.741.158.342.256.751.960.940.866.348.456.559.765.344.557.844.063.856.254.458.443.836.438.866.558. 745.041.039.7507.

City

Total, 64 cities.

Albuquerque, N. Mex.Asheville, N. C.

*Atlanta, Ga.Austin, Tex.Baton Rouge, La.

*Binghamton, N. Y.*Birmingham, Ala.Boise, Idaho.Burlington, Vt.Butte, Mont.Casper, Wyo.Charleston, S. C.

*Cleveland, Ohio.Columbia, S. C.

*Dallas, Tex.Decatur, 111.

*Des Moines, Iowa.*Erie, Pa.Fargo, N. Dak.Frederick, Md.Greensboro, N. C.Hagerstown, Md.

*Indianapolis, Ind.Jackson, Miss.

"Jacksonville, Fla.*Kenosha, Wis.*Knoxville, Tenn.Lansing, Mich.Lincoln, Nebr.

*Little Rock, Ark.*Minneapolis, Minn.Nashua, N. H.

'Oklahoma City, Okla.Paducah, Ky.

*Peoria, 111.Phoenix, Ariz.Portland, Maine.

* Portland, Oreg.* Providence, R. I.Pueblo, Colo.

*Racine, Wis.Reno, Nev.

*Richmond, Va.*Sacramento, Calif.St. Joseph, Mo.

*St. Paul, Minn.*Salt Lake City, Utah*San Diego, Calif.Santa Fe, N. Mex.

*Seattle, Wash.Shreveport, La.Sioux Falls, S. Dak.Springfield, Mo.

* Syracuse, N. Y.Topeka, Kans.

*Trenton, N. J.*Waterbury, Conn.'Wheeling, W. Va.*Wichita, Kans.Wichita Falls, Tex.Williamsport, Pa.

'Wilmington, Del.*Worcester, Mass.Zanesville, Ohio.

6 The difference between the sum of the rental groups and 100 percent is accounted for by those unreported.3 Autos owned by persons enumerated in the real property survey.' Excludes dwelling units for which no data were obtained.

92212—34 3

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18 SURVEY OF CUERENT BUSINESS November 1934

lishments. Since the survey was made in February,the exclusion of summer cottages probably did notresult in the omission of many of the families com-prising the stable population of the cities covered.

The 1,931,055 residential structures canvassed con-tain 2,633,135 dwelling units. Sheltered in thesehomes are about 2,600,000 families that comprise9,074,783 persons, or an average of 3.5 persons perfamily. Of the occupied dwellings enumerated, 90.8percent were inhabited by white families and 9.2percent by families of other races, principally Negrofamilies.

Urban living conditions as revealed by the surveyare far from exemplary. Crowding, lack of modernfacilities, and the need of structural repairs are shownto prevail to a most unsatisfactory degree. Theseconditions may be considered somewhat typical ofprevailing conditions, although they have been ac-centuated by the depression. The data also infer en-tially confirm other studies in respect to the low incomeof a large proportion of the urban population.

CROWDING WIDESPREAD

One of the significant features of the inventory isthe extent to which crowding of dwellings exists,notwithstanding a high percentage of vacancies inmany cities. In some instances, however, crowdingis evident where relatively few vacancies were re-ported, a situation apparently calling for new con-struction as a remedy.

Three degrees of crowding were distinguished inthe survey as " crowded", " overcrowded", and"greatly overcrowded". In the interest of economyof space, these three groups have been combined toobtain the percentage shown in the table. The firstof these classes amounted to 15.6 percent of the totaloccupied dwelling units in the 64 cities, the second to1.2 percent, and the third to 0.2 percent.

A partial explanation of this crowding is provided bythe family data showing that 7 percent of the more than2y2 million families surveyed are classed as "extra"families. Considerable variation in these conditionsis evident as between different cities. In Charleston,for example, 40.4 percent of the occupied dwellingswere classed as crowded, while in Portland, Oreg.,the percentage was 8.1. Cities, other than Charleston,in which crowding was pronounced, included Santa Fe,where 35.5 percent of the occupied dwelling units werecrowded; Columbia, 32.4 percent; and Birminghamand Knoxville, 30 percent. In 9 other cities from 25percent to 30 percent of the occupied dwelling unitswere reported as crowded. These include Albuquer-que, Atlanta, Austin, Greensboro, Jackson, OklahomaCity, Paducah, Salt Lake City, and Wheeling. Citieswith less than 10 percent of the dwelling units crowded,in addition to Portland, Oreg., were Lansing, SanDiego, Syracuse, and Williamsport.

Among the cities in which the percentage of crowdeddwellings is greatly in excess of the percentage ofvacancies, Jackson stands out. Only 1.8 percent ofthe total dwellings in this city were reported as vacant,while 27.2 percent of the occupied dwellings werereported as crowded. In Butte, which had the highestpercentage of vacancies (15.9 percent of the dwellingunits), 17.9 percent of the occupied dwellings wrerereported as crowded. For the entire group of cities,vacant dwellings amounted to 7.8 percent of the totalnumber of dwelling units. In 8 of the 64 cities 10percent or more vacancies were reported.

DWELLING TYPES AND MATERIALS

Single family dwelling units (generally detached) arestill most prevalent among the dwelling structures.Of the dwelling units enumerated, 58.4 percent were ofthis type. The extremes are 86.9 percent for Spring-field and 28.9 percent for Portland, Maine. Two-family houses contained 19 percent of the total dwellingunits and apartment buildings 9.4 percent. Rowhouses accounted for 1.5 percent of the total numberof dwelling units, although the percentage reportedwas as high as 31.5 in Wilmington, Del.

Frame is the predominating type of constructionused in the buildings surveyed, with 82 percent of thetotal number of structures falling under this classifica-tion. Brick structures were reported as 10.7 percentof the total. The cities where brick dwellings out-number wooden structures are Frederick, Hagerstown,Wilmington, Salt Lake City, and Santa Fe.

In St. Paul, Minneapolis, Portland (Oreg.), Phoenix,Sacramento, San Diego, Topeka, Des Moines, Albu-querque, Baton Rouge, Fargo, Boise, Casper, Bing-hamton, and Lansing stucco-finish houses are secondto frame houses in number. In stucco-finish houses, of

Table 2.—Comparison of Number of Places and Their Popu-lation With Those of the 64 Real Property Inventory Cities(1934). Distributed by Size-Groups of Places

Size-groups of places

United States

Urban territory

1,000,000 or more500,000 to 1,000,000250,000 to 500,000100,000 to 250,000- _ .50,000 to 100,00025,000 to 50,00010,000 to 25,0005 000 to 10,0002,500 to 5,000

Rural territory

Inc. places of 1,000 to 2,500. .Inc. places under 1,000Other rural territory

United States

Places,1930

16, 598

3,165

58

245698

185606851

1,332

13, 433

3,08710, 346

Popu-lation,

1930(thou.)

122, 775

68, 955

15, 0655,7647,9567,5416,4916,4259,0975,8974,718

53, 820

4,8214,363

44, 637

Per-cent

oftotalpopu-lation

100.0

56.2

12.34.76.56.15.35.27.44.83.8

43.8

3.93.6

36.4

Real property inventorycities (1934)

Places

Num-ber

64

128

1816136

Per-centsimi-lar-

groupcities

2.0

20.025.033.332.116.37.01.0

1930 popu-lation

Per-sons

(thou.)

9,793

1,1951,1562,9152,9271,016

477107

Per-centsimi-lar-

groupcities

14.2

7.920.036.638.815.77.41.2

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November 1934 SURVEY OF CURRENT BUSINESS 19

course, the backing and interior construction may belumber, brick, concrete, or other material. In thecities surveyed, stone, concrete, or metal were notused to any appreciable extent for residential building.

An arbitrary division of the structures into two agegroups—under 20 years and others—as shown in table1, was necessary because of limitation of space. Itso happens that the structures divide almost equallyon this basis. A more detailed classification, accord-ing to age groups, will be presented in the final reportswhen published.

RECONDITIONING BADLY NEEDED

The need for repairs and improvements is strikinglyindicated by the data assembled. These figures arepeculiarly opportune in view of the housing renovationdrive undertaken by the Federal Housing Administra-tion. Ignoring the number of structures recorded asrequiring only minor repairs, there remains the impres-sive total of 301,783 structures (15.6 percent of allenumerated structures) in need of major repairs andan additional 43,898, or 2.3 percent, that were reportedas unfit for human use. In every section of the coun-try there are noticeable opportunities for replacement,renovation, and modernization of homes.

The living quarters are reported to be divided into39 percent owner-occupied and 61 percent rented.Less than 40 percent of the former apparently wereowned without encumbrances. Without allowance forthe fact that data were not gathered in respect to thestatus of 15 percent of the owner-occupied units, 37.7percent of the total are listed as being owned free and48.1 percent as mortgaged.

Rentals charged are of interest since they throw somelight on the income of the families surveyed. Of thetotal number of rental units, about a third rented forless than $15 per month and only 21 percent for $30or more. The highest percentage of low rental pay-ments was in Birmingham, where 79 percent of therental units commanded payments of less than $15 amonth.

LARGE EQUIPMENT DEFICIENCIES REVEALED

Dwelling equipment is shown to be far from ade-quate, according to modern standards, a condition notwithout its bright side in the opportunities presentedfor building equipment manufactures and those inter-ested in the distribution of such products. More than30 percent of the dwelling units were without gas forcooking, about one-fourth without a bath tub and/orshower, almost 20 percent without a private indoorwater closet, and 10 percent without electricity forlighting. Only 17 percent were provided with me-chanical refrigeration.

While only half of the units have furnace or boilerheat, the need for such equipment, obviously, differsin the northern and southern sections of the country.

It is interesting to note, however, that in only 5 of the64 cities were more than 80 percent of the dwellingunits supplied with heat from this source. Fargo,N. Dak., which stood at the head of the list in thisrespect, had 13 percent of its dwelling units withoutfurnace heat. Over half of the dwelling units lackedthis equipment in such " northern " cities as Providence,Worcester, Waterbury, and Salt Lake City. In Butte73 percent relied on other than furnace heat.

Cleveland stood first among these 64 cities in respectto gas for cooking, 94.2 percent of the dwelling unitsbeing so supplied. Knoxville was the least well equip-ped with this utility, having only 17 percent of itsdwelling units so provided. Electricity for lightingranks highest among the modern equipment services.

APPROXIMATELY 50 PERCENT OF FAMILIES HAVEAUTOMOBILES

Data gathered in respect to the possession of passengerautomobiles in these urban centers are especially inter-esting, in view of the prevailing notion that almostevery family has an automobile. Unfortunately, datawere not collected to show ownership of cars per familybut rather in terms of dwelling units. These datashow that none of the occupants of practically half ofthe dwelling units possessed a car. Since 7 percent ofthe families enumerated were "living-in" with theusual family occupants, the percentage of familiespossession automobiles differs from the percentage inthe table which is a ratio of automobiles to occupieddwelling units. Taking into consideration the extrafamilies, it is probable that at least 50 percent of thefamilies have automobiles. The maximum numberof families in the cities covered possessing automobilescould not, on the basis of these data, be in excess of51.4 percent.

ADDITIONAL DATA IN COMPLETE REPORT

Complete tables of the results of the real propertyinventory give, in addition to the data presented inthis article, information in respect to property values,duration of occupancy, elevator service, vegetablegardens, means and time consumed in going to work,as well as greater details in respect to many of the sub-jects included in the table published herewith.

Real need for additional space, for repairs, and equip-ment are very apparent. The facts presented willundoubtedly spur to even greater exertion those busi-ness concerns interested in supplying this latent de-mand, not only in these cities but in others not in-cluded in this survey. It must, however, be apparentto all that need alone is not sufficient to provide amarket. Adequate housing of American familiesmust wait upon their securing sufficient buying powerto make the requisite purchases and/or a return inrental payments which will provide compensation forimproved facilities.

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20 SUEVEY OF CUEEENT BUSINESS November 1934

FARM PRICES l

[Monthly average, August 1909-July 1914 = 100]

Year and month

1910 monthly average1911 monthly average1912 monthly average1913 monthly average1914 monthly average1915 monthly average1916 monthly average1917 monthly average

1926JanuaryFebruary - _MarchApril _ - -MayJune _ _ -JulyAugust _ - - _September _OctoberNovember .December

Monthly average _

1927January _FebruaryMarchAprilMay _ _JuneJuly .AugustSeptemberOctoberNovember _December

Monthly average

1928January.. _ _FebruaryMarch . ._AprilMay. ...JuneJuly _AugustSeptemberOctoberNovember _December

Monthly average .

1929January_-_ _ _FebruaryMarch _April-..MayJuneJuly „. _. _AugustSeptemberOctober _ _ . _ ._NovemberDecember

Monthly average

To

tal,

all

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up

s

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Number of quotations

47

10295

10010110198

118175

153152149151150148144141143138138135

145

133132131131134138139142148148147147

139

149144145148155150152145149148146147

149

147145146144142142147152150149145147

146

2

10491

100101106101116155

173149134139142144144142158174200208

159

173149122121119109118126146168187192

144

176147127127134133139145160171185196

153

163161149135141147149155168181198200

162

2

11310187978577

119187

139141133135130131126130134948881

122

8594

102101113119125136179169162153

128

152141147154166162170153142147146148

152

147148154152148146145146146141132130

144

4

9995

102105102103109135

162158154148145144144143149151158162

152

162161160159153148

. 146144150156158163

155

164161160156154152151153159161162165

158

163163163160156153152153155158157155

157

5

10110294

1079182

100118

143148152162156161146121125131112101

138

108111113119120148-156166182174164166

144

173184190198224205200163173147127125

176

126120121123132146151157156158145158

141

6

10496

10692

102120126217

146143136133134133127129122124122121

131

121123122120127140139137134127120123

128

125128135143159151141119116115110112

130

114122123119112110121128130128117119

120

5

1038795

108112104120174

142147148146149155153144149149143140

147

141144144144137130131137142146142139

140

138139140142151151157162174160150143

151

146154160164164163167164156150144143

156

13

164190171164159152126118126110124110

143

117101117120139155147158112'9398

102

121

131134149158140120126134175226225188

159

166143146147126136161155146145159166

149

10

93104111979791

124196

176173178205199175171172163155159151

172

139134136138149173168161132133138142

146

152137138139135128124121116120125142

133

162134124118118119128154143147146154

140

Year and month

1918 monthly average1919 monthly average. __1920 monthly average1921 monthly average. _ _1922 monthly average1923 monthly average. _ _1924 monthly average1925 monthly average. _ _

1930JanuaryFebruaryMarchAprilMayJune _JulyAugustSeptemberOctoberNovemberDecember

Monthly average

1931January. _ . _ _FebruaryMarchAprilMayJuneJuly\ugustSeptemberOctoberNovemberDecember

Alonthly average

1932January . .FebruaryMarchAprilMay _ _ - .JuneJuly . .AugustSeptember _ .OctoberNovember-December

Monthly average -.. _ . _

1933January _ _ _ _ . _ _ _February-March. _ _ _ _ _ _ _April _ _ _-MayJuneJuly -.August -SeptemberOctober _ _ _ _ .November

I December

Monthly average. _ _ _ _

To

tal,

all

gro

up

s

Ch

ick

en

san

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ggs

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and

cott

on

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i Fru

its

Gra

ins

i

fi w

a-a

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rop

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Number of quotations

47

202213211125132142143156

145140135136134131120118120113110104

126

1019597979286868280777975

87

716869676358636566646263

65

605555586871837980788078

70

2

186209223162141146149163

177156122123116109105111128131146127

129

11284969583868897

102111124120

100

90746665646369

i 7886

102112

! 117

82

95i 60: 56! 58

651 58j 69

691 78

93i 102

94

75

2

245247248101156216212177

128121113120119115999483767973

102

727680787465715347425045

63

454750464237415157514743

47

454448496569847169717677

64

4

163186198156143159149153

146142139141139131129134139140138129

137

1181131151121029898

102107112110106

108

979189858074747880818184

83

817471727880888589919288

82

5

172178191157174137125172

15415716618721421019516915913211097

162

9999

1041091161181108894887574

98

737680869393907483837473

82

706465697486817478777074

74

6

227233232112106113129157

11811510711010510591

10099917980

100

767573747367575350465853

63

525252514945434442373534

44

353436476363948178697573

62

5

203207174109114107110140

147150150146142141126119128123118112

133

1111051061059990929286787668

92

686569665957726967605752

63

515356576566666462645952

60

13

150153

188185172150121115107139146124120114

140

1171201081181118398

105134143137136

117

13314315214711186796472698089

102

9196927489

11110295

147123127114

104

10

195213227127135140141151

157143140142143142129119121112107114

131

1129999

10210091939180686671

90

696466656358617366626170

67

685453566469

10011610293

101104

83

i Compiled by the United States Department of Agriculture, Bureau of Agricultural Economics. These series represent a revision of the data previously published inthe Survey. The principal changes are the use of improved price series for dairy products and tobacco, the addition of the prices of 20 products including a group of truckcrops, and the shifting of the weights from the marketings of the 1918-23 period to those of the 1924-29 period. The revised series of index numbers now include 34 majorfarm products and 13 commercial truck crops, whereas the previous series included only 27 major farm products. A complete description of the index is available in amimeographed circular of the Department of Agriculture entitled " Index Numbers of Prices Received by Farmers for Farm Products 1910 to 1934." This circular may beobtained free upon request to that Department. The revision of the index does not alter in any way the calculation of "parity" prices for individual commodities underthe Agricultural Adjustment Act. For 1934 data see p. 23 of this issue.

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November 1934 SURVEY OF CURRENT BUSINESS 21

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

ITEM

Business activity:New York Times*#1Business Week*^

Commodity prices, whole-sale:

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

Farm products (67) _ _ -Food (122)All others (595)

Fisher's index, 1926 = 100:Combined index (120) . _ _

Agricultural (30)Nonagricultrual (90) _ _

Copper, electrolytic} _ ..Cotton, middling, spot

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

tory . _Finance:

Failures, commercialSecurity prices:

Bond prices}Stock prices}

1934 | 1933

Oct.27

76.270.875.478.0

78.80)0)63.846.0

55.3

104.684.5

Oct.20

75.956.8

76.270.974.977.9

79.0(00)63.846.0

66.8

52.6

104.385.2

Oct.13

75.057.5

76.471.074.878.1

79.10)0)63.846.732 266.3

54.1

65.6

103.784.0

Oct.28

75.660.5

70.955.664.277.1

71.648.678.454.336.435.866.4

37.3

71.3

93.481.6

Oct.21

76.660.4

70.454.263.777.0

71.547.978.854.334.635.867.8

70.0

69.3

94.278.2

Oct.14

78.362.0

71.156.764.879.0

72.249.079.160.934.633.770.0

48.5

63.1

94.686.0

1932

Oct.29

69.254,4

64.146.260.170.9

60.644.363.539.123.528.864.4

42.0

135.1

88.457.8

Oct.22

69.354.8

64.447.060. 870.3

61.144.863.943.523.222.167.0

131.4

89.159.0

1931

Oct.31

76.868.2

68.553.970.649.324.667.677.2

41.7

130.2

94.195.4

Oct. !24

77.168.7

68.554.370.649.325.7

"80." 3

135. 4

94.899.7

ITEM

Finance— Continued.Bankins:

Debits, outside N. Y.c.}

Federal Reserve report-ing member banks :§

Deposits:Net demandTime

Loans, totalInterest rates:

Call loans}Time loans}

Money in circulation}--.Production:

AutomobilesBituminous coal}Electric powerf _LumberPetroleum}

Receipts, primary markets:Cattle and calvesHogs__ .._ _.CottonWheat

1934

Oct.27

68.7

135. 2125.369.8

24.220.1

112.3

31.0

100. 7

112. 134.2

171. 232.0

Oct.20

86.3

133.7124.970.3

24.220. 1

112.9

38.169.3

100.134.3

114.332.9

133.868.4

161.937.0

Oct.13

63.5

131.9125. 070.0

24.220. 1

113. 0

33.369.099.535.9

116.331.6

136.856.9

179.233.4

1933

Oct.28

63.6

104. 9123.578.3

18.217.1

115.9

33.172.297.434.1

113.238.2

101.354.3

219. 640.9

Oct.21

81.4

105.0123. 679.3

18.217.1

116.7

39.568.897.235.9

116.744.7

110. 147.0

247.739.9

Oct.14

58.6

103.3123.678.6

18.217.1

116.9

51.965.697.237.2

116.250.0

107.456.3

267.748.2

1932

Oct.29

55.8

95.0126.383.6

24.219.0

115.5

14.673.292.027.8

100.726.3

91.662.9

263.861.8

Oct.22

70.1

94.2125.585.1

24.222.9

116.2

14.676.891.727.5

103.626.3

95.760.0

247.372.3

1931

Oct.31

74.4

103.1140.2108.2

60.690.5

113.5

13.378.499.234.7

116.739.5

110. 788.7

315.0116. 1

Oct.24

89.9

103.7141.6108.3

60.678.1

113.8

22.779.798.936.4

114.336.8

121. 677.3

285. 0100.0

* Computed normal=100. 1 Latest week is preliminary. f Weekly average, 1928-30=100. } Daily average. l Temporarily discontinued.# Index revised. See weekly supplement on June 1, 1933, for explanation. § 1933-34 indexes are based on reports from 91 cities; earlier data cover 101 cities.

WEEKLY BUSINESS STATISTICS

ITEM

COMMODITY PRICES, WHOLESALECopper, electrolytic, New York dol. per lb_.Cotton, middling, spot, New York dol. per lb--Food index (Bradstreet's] dol. per lb-_Iron and steel composite! -. -dol. per ton_Wheat, No. 2 Hard Winter (K. C.) dol. per bu._

FINANCEBanking:

Debits, New York City mills, of doL-Debits, outside New York City mills, of doL_Federal Reserve banks:

Reserve bank credit, total mills, of dol -Bills bought mills, of doL-Bills discounted mills, of dolU. S. Government securities mills, of doL-

Federal Reserve reporting member banks :§Deposits, net demand .mills, of dol -Deposits time mills, of dolInvestments, total mills, of dol

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

On securities . - - -mills, of dolAll other mills, of dol

Interest rates, call loans percent- _Interest rates, time loans percent- _

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

Failures, commercial _ _ _ - number. _Money in circulation mills, of dolSecurity markets:

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

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

DISTRIBUTIONProduction:

Automobiles (Cram's estimate) numberBituminous coal (daily av ) thous of short tonsElectric power mills, of kw-hrPetroleum thous . of bbl - _Steel ingots (Dow, Jones estimate) _pct. of capacity. .

Construction-contract awards (da av ) thous of dolDistribution:

Freight-car loadings, total _ carsCoal and coke.. ._ cars -Forest supplies carsGrain and products carsLivestock carsMerchandise, 1. c. 1 - carsOre carsMiscellaneous cars _ -

Receipts:Cattle and calves thousandsHogs thousandsCotton into sight-.- ._ _ _ . . ...thous. of bales-Wheat at primary markets thous. of bu_-Wool at Boston, total . _ _ thous. of Ib

1934

Oct. 27

0.088.1252.37

32.121.01

2,6283,187

2,4526

112,430

13, 4024,478

10,0166,6547,8343,0754,7591.00.88

6.6054.97

2255,455

67, 94093.673,91182. 0268.277.463.137.0

23, 626

1, 6772,336

26

4452,542

630

Oct. 20

0.088.1252.38

32.091.04

2, 7073,336

2,4576

122,430

13, 3864, 463

10, 0076,6507,8473,0834,7641.00.88

6.6434.94

2145,484

67, 87093.373,26382.73

68.277.563.235.9

29, 0691, 1811,6682,380

25

640, 280130, 89523, 34731, 26827, 355

163, 97316, 685

246, 757

411441421

2, 9411, 160

Oct. 13

0.088.1272.39

32.091.03

2,4012, 946

2,4486

122,430

13, 2044,468

10,0106,6587,8143,0554,7591.00.88

6.6344.90

2675,489

54, 96092.844,01981. 56

67.776.763.635.6

25, 4011, 1751,6572,422

245,177

635, 639124, 86821,85530, 60131.433

161,45117, 934

247, 497

421367466

2, 656473

1933

Oct. 28

0.075.0991.89

30.42.85

3.0672,951

2,5267

1152,400

10, 6854,4727,9244, 9568,5433,5844,959

.75

.75

5.7764.70

2905,627

49, 80083.689,82879.2868.574.474.239.3

25, ?341,2301, 6222,358

295,741

636, 674136, 77723, 88930, 01822, 130

171,42218, 899

233, 539

312350571

3, 2522. 163

Oct. 21

0.075.0941.88

30.58.75

2,9723,145

2,5137

1132,375

10, 7004,4767,9494,9878,6433,6734,970

.75

.75

5.6064.54

2825,665

56, 20084. 37

13, 73875.9564.669.872.236.4

30,1191,1721,6192,435

345, 750

657, 005136, 623

24, 51028, 59023, 716

173, 54128, 600

242, 435

339303644

3, 1772, 448

Oct. 14

0.084.0941.92

30.52.81

2,5962,719

2, 4777

1192,344

10, 5274,4777,9664,9948, 5703,6374,933

.75

.75

5.8284.64

2575,679

39, 90384.715,47683.48

72.278.577.142.5

39, 6201,1181,6192,420

385,412

670, 680137, 99325, 08728, 82924, 555

172, 08033, 799

248, 337

331363696

3,8343,308

1932

Oct. 29

0.054.0641.67

28.79.43

2,7432,587

2,22134

3221,851

10, 7694,6767,9925,0029,0743,8225,2521.00.83

3.9303.30

5505,608

38, 20079.183,78056.0948.245.978.426.8

11,1171,2461,5332,097

204,622

617, 284133, 46018, 86231, 96223,615

177, 2185, 984

226, 183

28240fi686

5,154468

Oct. 22

0.060.0631.73

23.81.45

3, 6013,250

2, 21934

3141,851

10, 6764,6487,8794,8979,1893,9175,2721.001.00

3.9303.41535

5,641

42, 40079.795,84357. 3051.449.183.028.7

11,1651,3081, 5282,159

203,550

641, 985145, 574

18, 57233, 04623, 726

178, 4236, 326

236, 318

295387643

5, 752515

1931

Oct. 31

0.068.0672.12

30.21.52

3,5753,449

2,211725717727

2.503.96

3.9353.88

5305,513

68, 28284.238,05492.6974.169.7

117.948.6

10, 1711,3361,6522,431

3010, 855

740, 363146, 35423, 64641,27528, 990

214, 33912,656

273, 103

341572819

9, 2381. 013

Oct. 24

0.068.0702.15

30. 26.48

4,4444,170

2,238769698727

2.503.42

3.9383.93

5515,523

69, 27684.859,08896.83

69.464.9

111. 546.2

17, 3011,3571,6472,381

28

769, 763158, 55423, 82240, 16330, 735

214,71216, 924

284, 763

374498741

7, 956900

1930

Nov. 1

0.093.1122.73

32.16.74

5,8354,730

985166202601

2.003.00

3.9244.86502

4,467

47, 95295.99

10, 665166. 31117. 6108.4170.4105. 2

31,8271, 6911,7412, 363

479,751

934, 715185, 10538, 13444, 34732, 459

240, 58235, 063

359, 025

403541729

6,8291,128

§ Statistics covered 91 cities since Jan. 10, 1934, and 90 cities before; 1 city was added to the series in order to offset the effect of 1 member bank which ceased reportin" " 932.

Revised data back to 1929 will be presented in a subsequent monthly issue.omparable figures not available prior to 1932.

tRevised series (scrap now included). ~Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 24: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

22 SURVEY OF CURRENT BUSINESS November 1934

Monthly Business StatisticsThe following summary shows the trend of industrial, commercial, and financial statistics for the past 13

months. Statistics through December 1931 for all series except those marked with an asterisk (*) will befound in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of thesources and basis of the figures quoted. Series so marked represent additions since the Annual was issued andsimilar information, if published, will be found in the places noted at the bottom of each page. Later data willbe found in the Weekly Supplement to the Survey.

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October No™r

m- Decem-ber

1934

January Febru-ary March April May June July August

BUSINESS INDEXES

BUSINESS ACTIVITY ( Annalist) tCombined index ^ .normal = 100

Automobile production 1 normal = 100__Boot and shoe production normal = 100. _Carloadings freight normal = 100Cement production _ _ normal =100-.Cotton consumption- normal = 100. _Electric power production normal = 100,.Lumber production normal = 100Pig-iron production normal = 100Silk consumption . normal = 100Steel ingot production 1 normal = 100,_Wool consumption normal = 100Zinc production . normal = 100

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

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

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

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

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

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

INDUSTRIAL CONSUMPTION OFELECTRICAL ENERGY

Consumption by geographic sections:Total, United States 1923-25=100

Middle Atlantic 1923-25=100New England 1923-25 = 100North Central 1923-25=100Southern . . 1923-25=100Western .1923-25=100

Consumption by industries:Total, all industries .1923-25=100

Automobiles, including parts and acces-sories 1923-25 = 100

Chemicals and allied products1923-25=100..

Food products. 1923-25 = 100Leather and products 1923-25=100..Lumber and products 1923-25 = 100..

66.052.793.559. 1

58.589.9

31 254.434.3

53.8

P 74p72

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p 10133

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159.6137 092.4

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72.350.0

101.259.031.590.489.352 645 049.654.2

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118.769.051.489.993.760 650.969.659.377.462.1

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107.564.952.668.595.847 664 661.777.463 052.2

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107.2108.198.0

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t Revised series. For earlier data see p. 19 of the October 1933 issue.1 For 1933 revisions of the combined index and automobile and steel ingot production indexes see p. 22 of the August 1934 issue.« Revised. p Preliminary. i Discontinued by Electrical World.§ Series revised. For earlier data see p 19 of the January 1934 issue. Revisions did not change the combined indexes except for a few months and in these instances by

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

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

Page 25: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

November 1934 SURVEY OF CURRENT BUSINESS 23

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem- Decem-

ber ber

1934

January Febru-ary March April May June July August

BUSINESS INDEXES—Continued

INDUSTRIAL CONSUMPTION OFELECTRICAL ENERGY— Continued

Consumption by industries— Continued.Metals, group _ .1923-25= 100. _

Electrical apparatus 1923-25 = 100. _Metal-working plants 1923-25= 100. .Rolling mills and steel plants

1923-25=100-Paper and pulp 1923-25=100—Rubber and products 1923-25= 100-Shipbuilding 1923-25 = 100—Stone, clay, and glass 1923-25= 100..Textiles 1923-25=100

MARKETINGS

Agricultural products * (quantity).1923-25 = 100. .Animal products 1923-25 = 100.

Dair y products 1923-25 = 100. .Livestock 1923-25=100 _Poultry and eggs 1923-25=100—Wool 1923-25 = 100-

Crops 1923-25 = 100—Cotfon 1923-25 = 100-Fruits 1923-25 = 100 .Grains . 1923-25=100—Vegetables . 1923-25=100-

Agricultural products, cash income receivedfrom marketings of: *

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

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

1924-29=100-Dairy products, adjusted

1924-25=100..Meat animals, adjusted. .1924-29 =100-Poultry and eggs, adjusted

1924-29= 100. _

STOCKS

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

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

Raw materials 1923-25=100..Chemicals and allied prod. ._ 1923-25= 100—Foodstuffs 1923-25 = 100Metals 1923-25=100Textile materials 1923-25=100

World stocks — foodstuffs and raw materials:Total 1923-25 = 100

Coffee— adj. for seasonal 1923-25= 100..Cotton— adj. for seasonal 1923-25=100..Rubber— adj. for seasonal 1923-25=100..Silk — ad j . for seasonal . 1923-25=100Sugar— adj. for seasonal 1923-25=100Tea — adj. for seasonal _. 1923-25 = 100Tin— unadjusted 1923-25= 100. _Wheat— adj. for seasonal 1923-25=100

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COMMODITY PRICES

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

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

FARM PRICES (Dept. of Agri.) § f

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

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801027692707559

127101

77.377.471.787.562.891. 5

78947788747352

114104

77.577.372.087. 162. 791.9

77828284867655

10294

78.377.574. 187 162.892. 1

83789392877965

10198

78.577.774.387. 163. 192. 2

847494959779667998

78.477.973.586. 563.792.4

827294919677649896

78.677.874. 185.764.292.4

82729091

11078648992

78.877.374.585.864.692.5

86729493

13789648090

79.177.075.286.464.792.5

87769994

1139166

10294

79.677.276.586.965.492.3

9686

10797

10110668

108125

« Revised. l Discontinued by Electrical World.* New series. See p. 18 of the March 1933 issue (marketings-quantities), p. 20 of May 1933 issue prices, and pp. 16-19 of tha May 1934 issue cash income for marketings

of agricultural products).p Preliminary.§ Data for Oct. 15: Total 100, chickens and eggs 108, cotton and cottonseed 107, dairy products 100, fruits 98, grains 109, meat animals 74, truck crops 101, miscellaneous 129.f Index of farm prices has been completely revised. For earlier data see p. 20 of this issue.

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

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24 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933 1934

Septem-ber October Novem-

ber Dbe?1"!JamiarH ̂ r1 Marcb April May j June July August

COMMODITY PRICES—Continued

RETAIL PRICES

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

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

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

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

WHOLESALE PRICES

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

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

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

Foods - 1926=100-D airy products 1926=100..Fruits and vegetables - 1923=100 _Meats 1926=100..

Other products 1926=100-Building materials— 1926=100-

Brick and tile 1926=100—Cement 1926=100..Lumber 1926=100..

Chemicals and drugs — 1926=100—Chemicals .1926=100-Drugs and Pharmaceuticals. 1926 =100. .Fertilizer materials .1926=100..

Fuel and lighting 1926=100—Electricity —1926=100-Qas — 1926=100-Petroleum products 1926 ~ 100

Hides and leather .1926=100-Boots and shoes 1926=100..Hides and skins 1926 = 1 00. .Leather 1926=100

House furnishing goods .1926=100-Furniture . 1926=100Furnishings 1926~100

Metals and metal products.. .1926 =100..Iron and steel— -1926=100..Metals, nonferrous 1926=100—Plumbing and heating equip-

ment 1926=100—Textile products 1926=100-

Clothing 1926=100—Cotton goods 1926=100—Knit goods 1926=100-Silk and rayon 1926=100..Woolens and worsted .1926=100-

Miscellaneous 1926=100-Auto tires and tubes .1926=100..Paper and pulp 1926=100—

Other wholesale price indexes:Bradstreet's (96) 1926=100-Dun's (300) 1926=100

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

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

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

PURCHASING POWER OF THEDOLLAR *

Wholesale prices - 1923-25 = 100Retail food prices 1923-25 = 100Farmpricest .1923-25 =100-Cost of living -1923-25= 100-

165117

87 7

94 087.789 «88 987. 6

77 6

80 173 971 873.488 164 176 176.266 076 678.385.691 393.982 376 580.372.766.474 6

51 384.197.960 470 681.878 884 886.686.568.4

71.671.179 787.859.924.378.070.244.782.4

73.290 2

56.863. 548.236.015.7

~~~~64 .~2~102.454.5

129 7128.2142.7125. 6

I

166107

86.0

91.282.989.383.781.8

70.8

74.861.772.957.063.946.764.965.866 851.576.182.782 690.882.072.778.856.866.670.490.4

101.549 692.398.984.185 479.378 480 582.180.368.5

74.776.981.191.374.834.582.765.143.282.2

70.086 2

41.545.063.335.717.026.439.977.192.846.3

142.2140.1

« 183. 8130.7

167107

87.1

91.385.690.585.082.8

71.2

75.461.872.855.758.245.464.266.062.551.077.283.984.691.284.272.778.656.867.673.692.3

100.552 789.098.971.200 2

81.279.882 883.082.467.0

74.777.184.888.874.732.084.565.343.282.4

68.585 1

37.644.557.535.717.923.033.772.895. 334.8

141.4139.7

0 188. 3130.5

168107

88.0

90.586.290.585.984.8

71. 1

75.262.471.456.661.341.264.367.261.748.277.284.984.791.286.573.479.258.467.873.593.894.651 688.299.070.179 381.079.482 882.781.568.0

73.776.888.086.072.530.484.465.543.282.5

68.284.6

39.344.557.036.820.320.530.473.7

105.643.4

141.6140.4

0 183. 8130.9

167104

88.0

90.486.290.385.882.8

70.8

74.861.972.355.560.438.062.565.163.046.077.585.685.791.288.073.779.259.068.173.494.092.251 689.298.674.980 181.079.382 983.583.666.6

72.576.487.985.571.229.684.365.743.282.5

68.486. 1

39.346.557.037.520.819.830.275.2

105. 241.6

142 2144. 1

a 188. 3131.8

167105

88.5

91.086.589.586.584.2

72.2

76.064.171.958.763.741. 164.365.068 048.978.386.386.693.987.474.478.865.268.473. 192.390.851 189.598.577 279 980.878 882 985.583.666.1

72.576.587.586.570.629.784.367.543.283.0

69.787 2

41.250.457.041.521.820.329.978.4

103 244. 1

139 5142. 5

a 190 8131.4

168108

89.5

93.288.490.287.585.6

73.8

77.066.074.861.363.248.266.769.171.753.378.786.687.293.987.375.578.871.569.272.491.889.350 389.698.478.080 181.079.283 087.086.365.8

72.776.987.288.667.031.084.368.543.582.7

71.787.5

43.257.356.345.224.521.733.278.2

102 742.1

136.8138.3

a 177. 0130.0

168109

89.6

93 688.991.288.785.9

73 7

77 265 974 361.362 349 567.368.971 656.578.586.488.593.986.475.779.071.969.571.488.589.448 788.798.573.479 781.479.883 287.186. 366.3

72.776.587.289.165.629.484.069.344.682.7

71.086.6

42.457.856.345.225.819.627.776.3

106.942.6

136 6138. 1

a 175. 1129.7

164107

89.4

93 987.991 488 285.5

73 3

77 165 173 959.658 849 266 266.567 957^378.686.790 789.787.275.578.672.268.771 788.392.249 488.998.576 778 481.679 983 587.987.368.0

76. 275.385 788.264.228.482.069.544.683.6

70.985 5

40 955.959. 143.828.318.419.576.8

110.643.2

137 4139. 5

«» 179.2129.9

156108

88.6

93 988.191 088.485.5

73 7

77 865 173 759^663 947 867! 167.168 260.078.987.391 289.485.975.478.672.866.472 588.994.650 787.998.573 576 382.080 184 189.190.268.1

75.073.682.786.365.326.581.069.844.683.7

70.786.9

40.355.959.941.931.017.919.574.3

106.542.4

136 6138.5

« 179. 2129.5

157109

88.2

93 887.790 888. 185.5

74 6

78 267 372 963.372 448 369.873.070 162.278.287.891.193.986.375.678.673.167.972.890.697.550.687.198.470.175.382.079.085.187.788.668.5

75.172.782.686.062.825.080.870.244.683.5

71.588.6

43.655.962.145.231.616.832.969.0

101.942.7

135.0137.4

* 170.9129.2

159110

87 9

93 988.390 488 284.8

74 8

78 268 379 764.574 848 870 674.868 263 478.487.091 393.985 375 478.573.067.673 992.499 251 386.398.066 675 i81.678 584 886.886.768.8

75.071.581 985. 159.524.580.769.944.682.4

72.189 0

47 053.963.547.434 215.941.666.4

103.348.4

134 6136. 2168. 9128. 7

162112

87 7

94 087.790 188 585.5

76 4

79 271 679 Q69.886 056 273 977.365 669 478.385.891 393.981 875 779.272.764.874 692.699 251 683.897.957 471 381.878 984 686.786.668.9

75 070.879 586 459.324.478.970.244.782.4

73.489 7

50 456.863 549.336 215.843.467.5

103 359.4

131 8134 0

a 153 1127.9

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION CONTRACTSAWARDED

Contracts awarded, F. R. B.:Total, unadjusted —1923-25=100

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

Residential. 1923-25 = 100-

28102710

30123012

35123712

42124813

45115713

40104912

38104412

33123311

36143212

32132611

31132612

30122712

"281027

«10» Revised,* New series. For earlier data on the following subjects refer to indicated pages of the monthly issues as follows: Fairchild's Index, p. 19, December 1932; World Prices,

p. 20, September 1932; Purchasing Power of the Dollar, p. 18, August 1933. (except farm prices. See the footnote on this series below.)# The data on retail prices of food until Aug. 15 were reported as of the 15th of each month. From then on the prices have been reported every 2 weeks. The monthly

figures for months subsequent to August 1933 represent the figure nearest to the 15th of the month.f Index of farm prices have been completely revised. Refer to p. 20 of this issue. The reciprocals of the new series have not been published, except for such months as

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

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November 1934 SUKVEY OF CUERENT BUSINESS 25

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October |N<»7- Decem-

ber

1934

January Febru-ary March April May June July August

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION CONTRACTSAWARDED— Continued

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

Projects .. numberValuation. ——thous. of dol..

Nonresidential buildings:!Projects „. __. .number--Floor space.. -.. ...thous. of sq. f t—Valuation. _ _ .. ——-thous. of dol_.

Public utilities:*Projects ,„ number--Valuation — _ thous. of dol._

Public works:#Projects numberValuation . _ thous. of dol

Residential buildings:Projects -- numberFloor space _ _ - thous. of sq. ft..Valuation. thous, of dol—

Engineering construction :1Total contracts awarded (E.N.R.)

thous. of doL.

HIGHWAY CONSTRUCTIONConcrete pavement contract awards:

Total thous. of sq. yd—Roads only thous. of sq. yd..

Highways:Approved for construction (N.I.R.A.):*

Mileage numberPublic works funds allotted._thous. of doL.

Under construction (N.I.R.A.):*Estimated total cost thous. of dol—Public works funds allotted__thous. of doL.Federal aid funds allotted. --thous of doL_Mileage. number.

CONSTRUCTION COSTSBuilding costs— all types (American Appraisal

Co)* 1913=100Building costs— all types G4.G.C.).. 19 13=100-Building costs— all types (E.N.R.) §_1913 = 100._Building costs — factory (Aberthaw) 1914 — 100

MISCELLANEOUS DATAConstruction— employment and wages:

Employment, Ohio. (See Employment.)Wages, road building. (See Employment.)

Fire losses, United States thous. of dol—Ship construction. (See Trans. Equipment.)Real estate:

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

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

7, 666110, 219

2,7877,524

42, 359

1966,510

1, 31343, 479

3,3704,847

17, 872

94, 439

4,6003,491

2, 88613, 839

203, 027176, 997

7,1238,831

157182

200. 6177

16, 244

86, 647

7,594120, 134

2,3026,470

37, 836

1733,425

1, 59157, 324

3,5286,296

21, 549

106, 677

5,7644,826

4,64872, 778

34, 96232, 8931,0632,305

151166

175.5173

20, 448

66, 32942.2

7,476145, 367

2,3878,330

31,117

2106,995

1,71885, 729

3,1616,868

21, 526

141, 622

7,9706,409

5,14774, 731

92, 21585, 9893,1775,910

151166

187.7

21, 465

73, 11045,8

6,232162, 341

2,0725,053

27, 645

2156,938

1,445104, 141

2,5006,433

23, 616

147, 446

5,5424,171

4,74876, 619

134, 491124, 652

5,0718,813

152167

190.1

22, 454

80, 69954.1

7,677207, 210

3,1895, 185

50, 040

32234, 043

2,44699, 227

1,7205,890

23, 900

102,563

5,9184,107

5,60793, 439

159, 575147, 264

5,56110, 504

153168

192.1175

27, 626

88, 44253.8

7,729186, 464

3,4195,470

57, 616

35810, 596

2,222103, 141

1,7303,943

15, 110

101, 581

3,9212,131

4,49180, 795

197, 088180, 944

7,04212, 084

153168

191.3

28,003

92,49751.5

5,50796, 716

2,2564,271

29, 015

1856,443

1,10146, 739

1,9653,634

14, 520

79, 261

3,5862,356

4,33380, 456

216, 291198, 759

7,57412, 827

154169

194.0

31, 443

94,04046.3

7,927178, 346

2,9597,673

57, 329

24521, 003

1,76171, 937

2,9628,046

28, 076

122, 204

3,3532,143

4,26777, 283

239, 974221, 169

7,95513, 062

156172

194.0176

31,312

93, 12546.3

8,114131, 225

3,1417,991

38, 737

19312, 372

1,18457, 535

3,5965,985

22, 686

101, 192

2,4591,463

3,27962, 216

269, 229248, 942

8,43514, 111

157180

195.9

22, 029

88, 92245.2

9,153134, 439

3,2108,093

52, 797

2055,599

1,53751, 202

4,2016,159

24, 840

116, 743

3,7522,200

2,40543, 297

288, 460267, 371

8,91414, 311

158180

199. 6

25, 271

86, 84245.7

8,368127, 116

3,0617,147

43, 142

23213, 069

1 34444, 340

3 7317,504

26, 565

109, 993

2,6281,572

1,71831, 149

283, 506263, 042

8,63413, 674

lf>8180

199. 6177

20,006

86, 24847.9

7,182119, 663

2,9058,275

60, 751

1997,901

1,05131, 166

3,0274, 795

19, 845

118,000

2,9492,093

1,22522, 481

267, 509246, 394

8, 42112, 524

157182

199. 7

19, 484

85, 72348.3

7,6250 120, 015

3,1348,996

« 50,816

2068,651

1,08741,906

3,1985,030

18, 641

109, 115

2,8581,557

1,61415, 598

231, 554211,512

7, 60810, 220

157" 183198.4

19, 613

85, 51952.5

DOMESTIC TRADE

ADVERTISINGRadio broadcasting:

Cost of facilities, total ...thous. of dol—Automotive thous. of dol—Building materials thous. of doL.Clothing and dry goods thous. of dol—Confectionery thous of dolDrugs and toilet goods thous. of dol—Financial thous. of dol—Foods—- -thous. of dol—House furnishings. thous. of dol—Machinery thous of dolPaints and hardware thous. of dol—Petroleum products thous. of dol—Radios . . -thous. of dol -Shoes and leather goods thous. of dol—Soaps and housekeepers' supplies

thous. of dol—Sporting goods thous. of dol—Stationery and publishers.. _thous. of dol—Tobacco manufactures thous. of dol—Miscellaneous thous. of dol—

Magazine advertising:Cost, total ..- thous. of doL.

Automotive thous. of dol _Building materials thous of dolClothing and dry goods thous. of dol—Confectionery .thous. of dol—Drugs and toilet goods thous. of dol—Financial.. ....thous. of dol_.

2,561222

182720

96940

700380

191935612

1600

244616

8,0081,016

214296178

1,502230

2,103209

62480

499«52655

0o

15"287

600

9200

11310

6,324760118190138

1,434153

3,2562613046

188910

641,080

110

19311580

9202

13447

"9,088-934a 225«356«194

« 1, 948226

3,4662732643

17797860

1,132129

19307580

950

2418569

9,403739218304295

2,335240

3,697289

1743

1681,048

611,091

541511

258540

1150

2338167

8,319574173245302

2,056196

3,793268

1518

1621,196

65997551220

259470

1450

1343784

6,28348697

178100

1,332179

3,585338

430

1421,089

57945363

21245390

1420

1339289

8,2091,136

13918786

1,894192

3,998348

036

1191,222

641,061

780

22267450

1900

18416112

9,232982183298142

2,193220

3,740338

740

1091,168

63999460

24241450

1900

31326114

11, 6931,543

293413168

2,431250

3,728371323078

1,16856

974500

20243360

2160

35310110

11, 5861,665

267393165

2,170266

3,104309

262280

1,02237

829120

13202330

1780

48187107

10, 8221,639

191326178

2,119241

2, 495188

02768

92136

6881205

188340

1410

279365

9,2001,386

171281178

1,884222

2,249178

01934

78736

719607

189396

1120

233854

7,291997131113226

1,698195

« Revised.* New series. For earlier data on building costs, American Appraisal Co., refer to p. 20 of the August 1933 issue. N.I.R.A. highway work started in September 1933.

First Home Loan Bank data were issued for December 1932.t Revised series. For revisions of construction contracts awarded on nonresidential buildings for years 1930, 1931, and 1932, refer to p. 20 of the September 1933 issue.# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data see p. 20 of the September 1933 issue.1 Months of November 1933, March, May, and August 1934 include 5 weeks; other months include 4 weeks.§ Index as of Oct. 1, 1934, 200.9.

92212—34 4

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

Page 28: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

26 SURVEY OF CUERENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June 1 July August

DOMESTIC TRADE—Continued

ADVERTISING— Continued

Magazine advertising— Continued.Cost, total— Continued.

Foods thous. of doL.Garden thous. of dol_.House furnishings - - -thous. of dolJewelry and silverware thous. of dol._Machinery . thous. of dol_.Office equipment _ - _ -thous. of dol._Paints and hardware.- thous. of dol__Petroleum products ..thous. of dol_.Radios - - - - -thous. of dol ..Schools --- __thous. of dol_.Shoes and leather goods thous. of doL.Soaps and housekeepers' supplies

thous. of dol._Sporting goods -----thous. of dol_.Stationery and books thous. of dol._Tobacco manufactures .-thous. of dol__Travel and amusement thous. of doL.Miscellaneous thous. of dol .

Lineage total t - thous. of lines. -Newspaper advertising:

Lineage, total (22 cities) thous. of lines. _Lineage, total (52 cities) thous. of lines--

Classified - thous. of lines. -Display thous. of lines..

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

GOODS IN WAREHOUSESSpace occupied, public merchandising ware-

houses percent of totalNEW INCORPORATIONS

Business incorporations (4 States) number..POSTAL BUSINESS

Air mail, weight dispatched... pounds..Money orders:

Domestic, issued (50 cities) :Number - - thousandsValue - .- thous. of dol

Domestic, paid (50 cities) :Number - - thousandsValue thous. of dol_.

Foreign, issued — value - thous. of dolReceipts, postal:

50 selected cities thous. of dol_.50 industrial cities thous. of doL.

RETAIL TRADEAutomobiles:*

New passenger car sales:Unadjusted - - 1929-31—100Adjusted 1929-31 = 100

Chain store sales:Chain Store Age index:*

Combined index (18 companies) fav. same month 1929-31=100..

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

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

Five-and-ten (variety) stores:*Unadjusted ._ 1929-31 = 100Adjusted 1929-31 — 100H. L. Green Co., Inc.:*

Sales thous. of dol__Stores operated . number

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

S. H. Kress & Co.:Sales thous of dolStores 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. Wool worth Co.:Sales thous. of doL.Stores operated .. .. number

Grocery chains:A. & P. Tea Co.:

Sales value total thous of dolWeekly average thous. of dol..

Sales, tonnage, total (estimated)___tons--Weekly average -.-..tons..

1,36616

44852325951

21380

150134

461169167433188554

1,827

(2)96, 37817, P3678, 4424,8411,193

16, 10356, 305

1,788

3, 13831,753

10,37587, 976

52 053 0

97

99

86

85 990 0

2,081131

10, 414727

5 685227

2,390194

2, 105181

21, 3421,954

(2)

(2)(2)(2)

1,15310

26934141852

22585

14358

51575

122333128300

1 407

62, 32792, 61817 28775, 3315,4081 259

16, 33752 326

63 5

3,839

643 621

3 05730 959

9 42687, 5712 619

51 252 0

89

84

81

82 586 4

1,994135

10, 635720

5 406230

2,800210

1,912179

21, 6421,937

60 66115, 165

357, 63889. 410

« 1, 683« 14

°660«125

2576

117202103

"115140

«64381

«235« 448-215°327

1,870

70, 271105, 97019, 46786, 5034,6831,497

20, 07160, 252

64 2

2,304

665, 458

3,33833, 146

11, 106102, 877

1,998

42 753 5

86

88

80

86 985 6

2,082135

10, 848720

5 771230

2,867209

1,994179

22, 0351,942

63 85615, 964

376, 06994. 017

1,9587

594160297082

168273105134

58246

202399246218

1,899

66, 35799, 82316, 19983, 6245,5651,500

18, 76957, 791

65.2

2,384

631, 748

3 25032, 232

11, 17398, 6302 279

33 053 0

86

82

80

86 885 5

2,106133

10, 465721

5 586230

2,837209

1,976180

20, 9961 942

77 63115, 526

460, 52592. 105

1,7778

367176298332

19023884

106

371102325370291224

1,791

63, 96296, 71615, 54881, 1683,9361,506

12, 27563, 451

67 4

2,525

657, 203

4,01335, 487

12, 11898, 5515,110

17 330 5

88

88

80

153 783 3

4,071134

19, 732721

11 441230

5,664209

3, 591180

36, 9961,936

64 47916, 120

386, 94796. 737

1,17350

22911923

11017

16723512454

33693

166421283312

1,375

55, 46282, 45515, 04567, 4095,9312,159

13, 97745, 343

67.6

2,864

3,61134, 551

11, 28289, 7612,030

22 833.5

89

93

81

70 294 2

1,619132

8,825721

5 107231

2,492209

1,555179

18, 1371 937

59 92314, 981

356, 51489. 129

1,78576

34834328345

11965

11039

58355

161439284319

1,765

(2)80, 78813, 66167, 1264,3581,643

16, 74544, 381

67 2

2,106

3 41931, 743

10 05679, 1922 006

45 754 5

91

90

82

73 087 5

1,525132

8,797722

5 083231

2,497205

1,584180

17, 8601 937

64 27216, 068

377, 78294. 446

1,91659

53533279191

14511510162

57672

187449343414

2,013

(2)103, 64816 57787, 0716,1792,010

19, 38459, 498

67 4

2,507

3 82236 183

11, 99994, 1763 047

68 464 5

91

100

81

87 294 8

2,377133

12, 321723

6 331230

3,257204

2,246180

24, 0351 940

81 29216, 258

477, 82595. 565

1,96975

86710940

110163258108113198

717114198523459574

2,469

00107, 49117, 80889, 6838,1801,808

20, 18359 512

65 9

2,393

3 51934 225

10 47685, 2192 118

87 959 o

92

103

82

82 587 2

1,903133

10, 146724

5 732230

2,582204

2,060180

19, 7881 944

62 46415,616

364, 467fil.117

1 71161

1 03919045

102203228100128213

711184149425521652

2 501

(2)112, 12217 93294, 1909,2961 481

21, 79861 616

66 0

2,320

3 55334 097

11 25789, 684

2 21Q

78 155 5

90

98

82

90 090 0

2,218132

11, 680723

6 096230

2,745204

2,367181

22, 0051 946

(2)

(2)(2)W

1,56841

7802363999

13530385

133222

643223137486418580

2,271

(2)103, 64618, 68984, 9579,5031,528

19, 53154, 395

70 1

2,185

3,45233, 896

10, 95388, 0882,422

84 663 5

92I

91

84

86 390 8

2,287131

11, 523724

5 757229

2,820202

2,466181

22, 0001 949

(2)

(2)(2)W

1 60731

35186328188

28898

132106

651223117454257472

1 853

(2)83, 18316 47566, 7097,0761 718

15,27942 636

65 8

2, 048

3 27032 670

9 78483, 7272 043

73 967 0

91

88

85

79 789 5

1,840131

9,472724

5 336227

2,365200

2,076181

19,5151 949

(2\

(2)(2)m

1 330» 818336417024

24864

14339

43817982

461152433

1 534

87,69217 79069, 9026,5141 219

13, 76948 401

65 9

2,013

3 28632 795

10 25388, 045

2 °QQ

a 63 1a fjQ 0

93

97

87

a 79 9a 90 3

1,974132

10, 252726

5 574227

2,419195

2,118181

20, 7951 951

/2\

(2)(2)m

a Revised. » Discontinued.* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Comparable data of H. L. Green Co., Inc., sales prior to July 1933 not

available. For earlier data on automobiles see p. 19 of the April 1934 issue and variety store sales p. 18 of the March 1934 issue.^ t Revised^eries. For revisions refer to the indicated pages of theunqnthly issues as follows: Magazine advertising, p. 20, October 1933; apparel sales index of Chain Store

$1; May,' 80;, _ _ _ , _ _ _ ..»„.»,„ „* .... ... „. ..^^v ~» -«-..« ~_ wj.ly 81* A.usust 78*

September, 80; October, 777 November, 77; and December, 76.™ For 1933: January, 7*6; February, 74; March7 75r"Spril,' 75;' May,*V?; June' 79;* JuTyr82f and August, 79. ' *

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

Page 29: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

November 1934 SURVEY OF CURRENT BUSINESS 27

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May j June July August

DOMESTIC TRADE—Continued

RETAIL TRADE-ContinuedRestaurant chains (3 companies):

Sales thous. of dol-Stores operated . - .number..

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

Sales thous. of dol_.S tores operated number

J. C. Penney Co.:Sales __thous. of dol—Stores operated . number

Department stores:Sales, total value, adjusted 1923-25= 100..Sales, total value, unadjusted._1923-25=100-.

Atlanta 1923-25 = 100Boston 1923-25=100Chicago 1923-25 = 100Cleveland 1923-25=100Dallas -.1923-25 = 100..Kansas City 1923-25=100Minneapolis 1923-25=100New York 1923-25=100..Philadelphia * 1923-25=100Richmond. .1923-25=100..St. Louis 1923-25=100San Francisco 1923-25=100.

Installment sales, New England dept. stores,ratio to total sales percent--

Stocks, value, end of month:Unadjusted _1923-25=100._Adjusted 1923-25=100

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

Montgomery Ward & Co.. -thous. of dol..Sears, Roebuck & Co thous. of dol__

3,520369

6,572461

19, 9841,468

-75"78

7967846590817977588676

*>76

6764

52, 99723, 09329, 904

3,218375

0 6, 433454

16, 2881,471

7073677375646768707860796373

9.8

7370

43,203« 16, 584

26, 619

3,444375

7,113454

18, 6431,468

7077797676668174589373947072

9.3

7770

53, 55023, 01730, 533

3,141375

6,900456

19, 2161,468

6575717469617567548966877069

7.0

7869

52, 03720, 74231,295

3,568374

12, 451457

25, 8241,467

6912111711411410312011393

140105147106131

4.2

6265

61, 97125, 02236, 949

3,472374

4,833457

12, 4441,466

69575761605256524663496)5363

7.4

5966

36, 70514, 73421, 971

3,146373

4,550457

11, 7451,466

7159644661516154435843575259

9.4

6366

36, 01615, 42220, 594

3,678373

6,774457

16, 4971,467

7773837375738475738569927182

6.6

6765

43, 59218, 31225, 280

3,541372

5,950457

15, 4771,465

7773746476707270657758816769

6.5

6865

46, 03720, 87225, 165

3,475373

7,180457

17, 0861,467

7777827180787974678167977574

7.5

6866

61, 07220, 93530, 137

3,308372

7,361458

16, 7971,465

7470717073696763588065906267

6.1

6365

46, 33019, 26627, 064

3,265372

5,743458

13, 9671,465

7251544552475048414941594362

7.6

5964

37, 38715, 89121,496

3,623372

6,295458

16, 1191,467

7960

« 715469

«60«62

64•55

615173

°5880

12.2

6164

44, 13418, 91525, 219

EMPLOYMENT CONDITIONS AND WAGESEMPLOYMENT

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

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

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

Iron and steel and products 1923-25 =100..Blast furnaces and steel works.1923-25 = 100__Structural and metal work. _ .1923-25 =100-Tin cans, etc 1923-25=100

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

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

Machinery _ .1923-25=100..Agricultural implements 1923-25= 100..Electrical machinery, etc 1923-25= 100. _Foundry and machine shop products

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

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

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

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

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

Stone, clay, and glass products 1923-25= 100. _Brick, tile, and terra cotta... 1923-25 =100..Cement 1923-25=100..Glass 1923-25=100..

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

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

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

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

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

75.8108.6108.0103.098.8

112.9305.5127.1115.7176.7121.266.065.358.6

101 085 785.586 849 365.034 634.196.277.667.865.9

66.8219.973.257.570.884.495.3

105 455 765 755.078.470.452.930.454.087.373.061.995.564.773.880.941.871 373.9

108.2108.5100.8100.0110.9305.5

80.0106.0101.295.194.1

104.9330.3120.9108.9161.1102.271.471.853.992 390.790.392 554.377.239.935.697.669.848.258.4

62.4195.974.384.578.392.492.7

103 155.165 154.388.876.352.934.848.080.498.297.695.661.764.371.628.564.278.0

105.5101.793.195.2

103.0330.3

79.6109.1103.299.894.0

108.8331.3115.9110.1150.6101.569.870.254.685 088 988.391 455.278.538 736.2

103.973.052.460.6

63.6238.275.683.277.593 3915

104 155.065 854.188.774.751.631.841.481.197.796.795.864.659.164.227.966 177.8

106.9102.195.493.7

109.0331.3

76.2108.4104.0101.991.1

110 0332.0104.8109.1136.398.967.967.953.383 979 177.087 852.372.437.234.7

101.173.356.160.3

62.5248.372.681.774.879.894.2

102 254.866 653.986.772.550.329.241.282.292.993.587.766.053.556.628.563.575.9

106.6101.998.491.8

111.1332.0

74.4107.6103.5103.090.1

111.2322.099.2

107.7140.598.066.667.052.786 478.775.890 849.865.936.333.3

107.771.861.259.4

61.4219.469.880.972.178.294.5

101 153.566.752.583.971.849.027.136.682.988.089.780.462.161.166.131.867.375.0

106.6101.4101.491.6

112.6322.0

73.3107.9104.8101.993.9

110.3319.494.1

106.4140.596.563.565.051.679 182 980.891 445.660.033.330.797.870.065.857.8

61.2181.767.378.070.972.792.4

100 352.865 951.882.071.547.324.735.683.888.289.481.454.571.280.331.664.475.1

107.7103.499.796.1

112.4319.4

77.7110.6104.8102.497.6

110.6325.293.9

108.4141.595.566.667.352.879 690 389.693 647.162.436 131.398.672.975.659.2

64.1177.570.979.672.779.893.1

102 553.465 852.584.674.649.825.641.089.596.896.493.462.184.797.438.566 078.4

109.6103.1101.497.7

112.1325.2

80.8112.8107.7103.198.4

110 2321 996.2

110 3147.792.870.070.153.985 492 792.295 148 563.037 632.6

101.476.875.961.8

68.3187.675.181.578.187.593.7

104 455 566 354.787.178.152.126.942.493.9

100.098.499.464.493.4

108.440.869 381.0

110.9106.5100.997.7

111.3321.9

82.3113.3110.8100.6102.6107.8319.097.2

111.2156.692.472.672.956.088 292.392.293.249.460.839.434.3

101.280.387.263.7

71.6200.276.982.279.194.095.1

106 857.866.357.290.082.155.330.548.095.999.196.8

100.064.799.1

114.943.971 782.2

109.4110.1102.4102.2107.8319.0

82.4106.1111.297.7

107.4109.5267.799.6

113.2169.196.775.276.858.591 291 491.392 151.061.340 436.1

102.481.383.065.4

73.6201.277.878.181.295.695.9

107 259 666 759.189.182.757.733.157.695.196.194.994.761.399.4

114.448.573 182.4

107.9113.1101.3103. 6109.7267.7

81.0104.5111.796.9

106.1111.4273.8105.1114.6183.0101.476.479.159.796 787 786.891 550.062.437 935.198.680.873.366.2

73.1206.075.976.078.293.094.7

106 059.866 7r"9 385.' 681.757.134.459.193.690.989.989.362.495.1

106.853.976 681.4

108.9113.9101.4102.2110.4273.8

78.6105.3112.393.8

101.2111.7296.8110.1116.3188.9103.570.372.459.099 689 489.091 548 862.037 033.897.378.669.365.1

69.5205.0

73.268.975.090.393.4

104 858 366 357.783.977.454.231.758.489.185.987.079.861.187.898.451.369 279.4

109.6115.199.0

101.4109.3296.8

«79.5106.9110.998.6

•99.1113 4304.2122.1115 8185.8112.468.669.759.099 191 191.988 449 062.936 233.998.378.666.865.3

69.0217.5"73.4"67.7

72.787.193.8

104 855 266 054.480.773.953.131.855.087.688.285.690.165.183.392.548.171 2

°79.3110.9114.9100.6

°101.8111.3304.2

b This figure was incorrectly given as 70 in the Weekly Supplement of Oct. 11, 1934.* New series. For earlier data see p. 20 of the December 1932 issue, department store sales, Philadelphia, and pp. 16 to 20, inclusive, of June 1934, and pp. 16 and 19 of

July 1934, factory employment,Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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28 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem- Decem-

ber ber

1934

January F^ru- March April May June July August

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT— ContinuedFactory adjusted— Continued.

Food and products 1923-25=100__Baking 1923-25=100 _Slaughtering, meat packing- 1923-25 =100—

Iron and steel and products.— 1923-25 =100,.Blast furnaces and steel works 1923-25= 100—Structural and metal work._.1923-25=100__Tin cans etc 1923-25=100

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

Lum ber and products 1923-25 — 100Furniture 1923-25=100 _Millwork 1923-25=100Sawmills 1923-25=100 _

Machinery — 1923-25=100Agricultural implements 1923-25= 100__Electrical machinery, etc.. _ _ 1923-25 =100__Foundry and machine-shop products

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

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

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

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

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

Stone, clay, and glass products. 1923-25 =100—Brick, tile, and terra cotta. __ 1923-25 =100—Cement 1923-25=100Glass 1923-25=100

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

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

Automobiles 1923-25—100Cars, electric, and steam 1923-25= 100__Shipbuilding 1923-25=100

Factory, by cities an~d" States:Cities:

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

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

Nonmamifacturing (Dept. of Labor}:Mining:

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

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

Trade:Retail 1929—100Wholesale 1929=100.

Miscellaneous:Banks, brokerage houses, etc.*t-1929=100.Dyeing and cleaning * t 1929—100Hotels 1929—100Laundries * t 1929—100

Miscellaneous data:Construction employment, Ohio. .1926= 100.Farm employees, hired,

average per farm • number .Federal and State highway employment,

total * numberConstruction * numberMaintenance * number

Federal civilian employees:United States * number

Washington numberRailroad employees, class I thousands.

110.4113.7122.465.465.457.095.382.481.486.748.063.034.333.075.672.465.9

66.6164.773.671.685.895.6

105.455.465.754.779.071.751.128.750.985.372.862.693.462.975.282.140.976.0

80.570.176.764.277.575.176.675.7

94.374.2

108.957.486.781.971.485.273.980.9

56.978 242.381.853.3

72 585.870.9

87.685.3

(3)80 084.482.9

26.0

.94

498 151309 745188 406

713, 66292, 5571,045

103.2107.0103.270.971.952.487.187.386.092.452.974.839.534.567.951.458.4

62.2146.774.879.293.993.0

103 154.865. 154 089.477.751.032.945.278.698.198.493.460 065.572 727.968.4

79 165.375 259 679.269 078.377 4

98 169 799 375 188 379 569 683 776 379 7

56 871 838.966.252.6

69 780 368.3

86 082.1

99.081 978 782 6

28.3

1.05

337 973177 413160 560

602 46569 7401,047

104.6108.4100.769.470.753.485.286 785.691.453 172.238.435.670.855.060.6

64.1168.074.878.493.294.2

104 154.765 853 889 477.349.731.139.876 996.195.892.761 963.969 829.170.7

80 965 671 937 379 170 081 475 2

95 168 9

101 976 590 180 569 683 276 680 0

56 968 040.770.653.2

70 61 82* 2

68.7

89 683.5

99.481 677 081 3

28.1

.86

384 029212 727171 302

613 24271 0541,042

102.3107.497.968.168.753.287.780 979.487.250 967.337.234.472.357.960.3

63.7203.271.775.679.993 0

102 255.066 654 187 075.150.029.340.981 292 191 888.763 160.565 331.666 1

76 863 074 641 676 767 879 374 7

94 266 298 872 985 580 567 480 575 378 3

61 074 840.672.251.1

71 082* 668.9

91 683.4

99.676 175 878 4

29.1

.73

420 069249 239170 830

624 11873* 131

I 1,' 014

101.7107.793.967.668.153.189.882 480.690.449 963.836.934.072.461.459.4

62.8215,169.272.679.193 0

101 153.666 752 684 374.350.028.638.683 287 3

81.761 965.671 834.667 3

74 160 974 161 777 167 476 873 4

9° 765 499 869 181 279 866 280 172 576 5

54 575 440.675.045.3

70 881 869.4

105 483.3

99.3I 70 5

77 678 4

27.3

.64

362 031221 168140 863

627 713j 75 450I ' 982

104.0108.793.764.965.553.084.583 682 189.847 262.234.332.171.863.657.8

62.1215.869 471.375.191 7

100 353.665 952 683 473.752.028.140. 191 188 188 583 158 472.181 135.462 5

72 160's78 583 276' 766 973 370 0

89 064 098 468 579 077 465 879 469 575 7

61175 839.673.239.7

70 582 270.2

84 682! 4

99.268 181 578 5

23.6

.73

315 989179 499136 490

627 15578 045

982

104.3110.893.966.466.654.383 288 487 891 248 463.036 632 774.071.159.2

63.8216.470 171.378.992 9

102 554 265 853 385 175.452.729.446 191 895 194 891 362 682.694 641.462 8

76 163 283 699 175 871 476 173 4

93 466 0

101 673 083 878 969 685 473 777 2

63 27fi 140.372.438.8

71 081 269.8

83 883.0

99.468 184 878 4

21.0

.67

306 090179 125126 965

647 75979 913

992

107. 8112.695.169.168.655.288 190 590 092 949 864.138 133.778.470.961.8

67.4250.873 776.084.393 4

104 455 866 355 089 079.753.129.245 393 i97 396 594.964 989.6

103 741.165 7

79 664 2

1 84 51 107 7

80 674 778 487 9

95 869 1

i 105 574 i

\ 86 780 172 289 6

i 7« i1 79 3

67 5n o

39.872.842.0

n 7

81 7| 70.0

87 2| 83.6

(3)79 d86 479 2i20.2

.80

' 296 265164 038132* 227

659 503! 81 569! 1, 015

104.0113 095.471.571.456.787 893 093 193 050 063 039 234 581.582.363.7

70.4253.7

76 077.791.495 5

106 857 466 356 890 480.754.730.348 294 497 896 197 365 793.8

108 840.667 3

84 665 188 5

112 781 674 778 877 6

96 170 4

108 974 890 379 973 291 977 179 6

58 272 241.774.048.7

79 982 470.2

88 283.9

(3)79 986 780 5

24.5

I .80

OAK O78

209 167136 111

680 02683 8501,033

106.4113 297.9 j74.375.758.990 394 094 293 451 364.539 935.682.080.565.4

72.4239.478 280.794.396 5

107 259.266 758 787 578.956.231.355.993.496.094.894.861 691.0

104 144.270.9

84 566 987 5

100 586.273 377.680 2

95 572 1

111 073 589 481 672 193 877 084 1

63 876 740.876.754.3

79 R83 170.2

88 884.6

(3)Q4 0

or 7

89 1

31.7

.92

9QQ 1 QQ1fi7 371

ojr Q9Q

1,061

107.3113.4101.976.379.359.493.491 490 993.849 864.737.434.281.273.866.2

72.3227.476 878.792.995 5

106 059.466 758 883 276.754.932.055.490 592.291.190.862 790.1

101 149.675 7

81 967 786 783 185 170 577 481 5

97 972 7

111 769 387 682 271*0

, 93 377 Q84 1

57 5

41.080.056.6

84 070.4

88 284.1

(3)

86 284 0

38.0

1.02

1,071

106.7114 6104.171.473.457.895 888 987 794 148 864 936 733 179 173.265.1

69.5213.575 i75.891.494 4

104 858 066 357 482 874.053.929.354 392 890 290 685 561 885.395 547.970 8

81 667 282 683 982 668 177 179 2

96 671 5

106 767 687 081 769 789 076 385 7

53 677 fl39.981.655.670 -i85 071.0

83 384.0

(3)80 ^8fi *}QA (\

30.5

.87K/tn orvQoon 7/-\i1 fi8 ^09

7fl9 OQ787 Q7S

0 1, 065

110.8115 4114.768.870.357.692 487 987 589 748 462 835 733 078 170.565.3

68.9197.7

a 74 9

73.389.195 0

104 855 066 054 282 073.852.029.451 689 191 389 092 465 483.392 345.875 3

80 167 979 670 281 071 877 679 4

92 672 9

108 ^68 38fi 982 370 4

o C7 «

76 282 4

49 577 142.782.754.7

79 8oc A

71.0

81 8

84.3

(3)78 fi8fi 9oq 7

«26.6

.88

1 8O 97ft

7O7 f\ARQ1 Hfif>

i 1, 053a Revised. * Not available.* For earlier data see the following references: Employment in Baltimore, Milwaukee, Maryland, and Massachusetts, and Federal civilian employment, total United

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

t For revised data refer to the indicated pages as follows: Employment in Delaware, New Jersey, Pennsylvania and Philadelphia, p. 19, September 1933; and for Massa-chusetts, employment for 1931,1932, and 1933, p. 19, August 1933. Employment in banks, brokerage houses, etc., for 1932, p. 28, January 1934. Employment in laundries anddyeing and cleaning establishments, p. 20, August, 1934.

• Figures shown represent the condition as of the end of the month shown. They have been pushed back from the data published as of the first of the following monthby the Dept. of Agr. This method was followed since Sept. 1932. Figures shown previous to that date in the Survey are as of the first of the month.Digitized for FRASER

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November 1934 SUKVEY OF CUREENT BUSINESS 29

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934Septem-

ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT— ContinuedMiscellaneous data— Continued.

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

Building trades* percent of total-Metal trades* . - percent of totaL.Printing trades* percent of total--All other trades* percent of total-.

On full time, all trades... percent of total- .LABOR CONDITIONS

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

Labor disputes: t §Disputes _. -. number..Man-days lost number--Workers involved . number

Labor turnover (quarterly) :*Accessions percent of no on pay rollSeparations:

Discharged percent of no on pay rollLaid off percent of no of pay rollVoluntary Quits percent of no on pay roll

PAY ROLLSFactory unadjusted (B.L.S.)*.— 1923-25=100..

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

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

Iron and steel and products 1923-25=100—Blast furnaces and steel works.1923-25 = 100. _Structural and metal work--.1923-25=100._Tin cans, etc .1923-25=100-

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

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

Machinery 1923-25=100-Agricultural implements 1923-25= 100. _Electrical machinery, etc 1923-25=100-Foundry and machine shop products

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

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

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

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

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

Stone, clay, and glass products.. 1923-25 =100-Brick, tile, and terracotta. 1923-25=100-Cement 1923-25=100Glass 1923-25 =» 100

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

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

Automobiles ._ 1923-25—100C ars, electric and steam . . 1923-25 = 100. _Shipbuilding 1923-25=100

Factory by cities:Baltimore * 1929-31—100Chicago * 1925-27=100Milwaukee * 1925-27—100New York * 1925-27—100Philadelphia *f~ 1923-25=100..Pittsburgh * . 1923-25—100

Factory, by States:Delaware t - --- 1923-25—100Illinois 1925-27—100Maryland*.. 1929-31—100Massachusetts *t 1925-27—100NewJerseyf 1923-25—100New York 1925-27—100Pennsylvania f 1923-25—100W isconsin 1925-27 — 100

Nonmanufacturing (Department of Labor):Mining:

A nthracite 1929 — 100Bituminous coal 1929—100Metalliferous 1929—100Petroleum, crude production... 1929 =100. _Quarrying and nonmetallic 1929=100—

744175828251

33.3

10 31

569 533 00

57.989.992.192.375.896.3

215.5109.199.6

167.0109.241.137.340.596.269.267 773.633 944.621 822.352.255.266.748.0

46.7127.054 041.448.766.780 379 645 656 944 956 147 634.716.133 967 457 549 170 950 351.954 336 757 0

68 946 156 760 860.449 4

67 848 672 547 564 157 352 857 8

47 051 425 959.732.4

713761787851

36.3

125,873,662163, 682

22.88

.786 314.16

69.181.580.685.468.786.0

213.294.890.2

146.278.247.547.933.781.977.577.178.237.352.824.123.243.346.641.639.7

41.3104.151.659.554.062.774.777.645.353.044.861.450.433.516.525.862 278.777 675.948.248.253.123.145.9

68 839.951 857 359.449 0

67 743 073 859 460 055 053 653 8

60 744 123 944.429.3

733864798452

36.1

983,659,502101, 146

69.485.585.791.070.789.4

218.391.190.6

131.977.747.648.035.975.672.370.178.838.155.023.523.348.350.247.441.5

43.3142.853.862.252.566.676.077.548.954.248 662.949.733.614.924.763 577 477 572 751.243.346 124.247 5

67 539 453 465 963.147 6

67 743 073 059 461 654 155 355 3

61 644 125 950.131.2

723764808250

33.8

521,298,113

23, 790

55.584.685.192.868.389.8

218.985.390.4

120.576.643.342.235.474.760.155.674.333.645.022.121.845.350.253.641.3

41.9150.552.460.149.463.675.672.446 156.245 558.344.831.813.623 063 069 773 258 650.138.639 624.446.8

65 137.551 553 659.845 7

65 540 369 555 762 051 852 452 3

47 850 725 650.328.3

713864818049

33.8

30404, 99313,152

11 31

6211 342 18

54.584.986.692.968.889.4

220.984.489.6

130.882.043.743.034.281.561.155.778.831.040.122.020.048.949.159.839.8

41.3128.450.258.549.060.977.271.944 756.843 859.047.331.012.719 164 464 068 651 246 543.746 027.249 4

63 137 351 753 267.246 4

66 540 567 452 861 251 350 650 1

44 350 826 253.224.4

724265818149

34.3

31616,46530, 018

54.084.586.990.971.589.5

208.180.788.5

127.781.841.141.231.971.167.564.277.927.435.319.717.450.447.665.238.2

41.395.147.150.948.356.874.371.342.155.441.258.748.629.912.219.465 364 867 056 639.852.758.326.048.2

61 438.949 853 754.441 9

63 440 564 853 158 451 846 750 5

73 251 325 453.021.3

744566818352

35.5

39789, 55318, 627

60.687.288.091.874.590.8

220,081.191.4

128.578.645.746.133.570.581.781.082.630.540.521.719.151.751.875.740.9

45.496.552.261.151.466.276 076.445 656.444 965 257.933.313.122 573 577 978 372 345.572.082 336.449 0

65 940 553 657 458.746 5

68 343 270 358 861 354 752 454 4

65 854 626 050.521.0

754570828453

36.4

54,091,02337, 700

19 79

616 652 73

64.889.189 192.677.192 0

218.282.291.8

138 375.951.352.235.179.784.484 183.931 941.123 220.746.255.878.243.8

49.9101.556 864.256.375.877 778 648 558 647 970 563 434.713.724 174 682 680 881 445 884.598 139 752 4

70 641 458 662 161.952 7

69 045 274 560 661 958 356 8CO Q

82 458 925 952.524.1

764272828453

36.1

812,280,1640 73, 035

67.392.395.892.483.092.0

221.383.191.3

150.976.156.859.437.684.282.181.881.933.340.324.622.553.760.593.647.8

54.4108.958 967.059.880.879 781 353 059 252 773 467 638.816.430 680 879 879 376 146 292.2

107 443 053 9

75 342 059 760 962.555 2

69 546 878 760 762 759 058 759 6

51 751 427 253.429.9

764375838452

35.5

942,221,390

73,355

67.188.394.488.587.992.7

191.287.295.3

167.080.761.366.141.586.978.977.682.034.640.525.324.251.462.287.249.9

56.8112.460 663.562.183.680 679 853 859 453 570 364 539.518.135 875 874 174 968 146 388.0

100 447 360 0

76 644 664 859 261.465 4

68 749 178 959 664 558 261 963 9

64 054 425 656.435.0

754578838149

35.4

°1031,903,4500 67, 859

13 07

6911 002 97

64.888.196. 190.386.393.1

200.091.996.5

182.587.262.668.942.794.172.970.579.833.941.224.123.251.061.676.151.8

55.5117.457 959.158.480.178 978 553 859 653 566 561.138.819.339 973 466 466 961 747 578.185 853 160 2

77 645 565 856 261,365 4

71 449 979 955 064 757 061 364 0

53 355 126 756.937.0

724376837848

34.1

«83"2,076,334« 54, 697

60.488.796.686.178.895.7

208.695.698.2

193. 591.447.647.940.694.577.276.279.231.639.323.120.950.358.170.249.8

51.1114.454.150.454.472.977.377.151.158.850.661.955.936.117.039.169 562.564 455.347.365.470 746.355 6

75 445 861 855 361.350 6

71 248 077 154 363 155 755 562 1

42 349 725 160.035.0

724075827848

33.5

M01"1,775,814" 69, 198

a 62.1"90.0

96.589.9

"77.997.2

213.2105.197.8

185.099.045.544.041.893.678.779.176.133.542.723.122.151.357.868.350.2

50.3123.1

-53.2»40.8

51.270.878.478.848.558.547.958.849.934.916.835.468 268.164 770 649.369.976 547.056 4

68 845 261 159 46L755 5

67 448 672 655 064 456 956 960 7

39 750 427 o61.234.0

« Revised. * Preliminary.* For earlier data on the following subjects refer to the indicated pages of the monthly issues as follows: Trades-union members employed, p. 18, December 1932; hours

of work and labor turnover rates, p. 20, October 1932; payrolls, Baltimore, p. 18, December 1932; pay rolls, Chicago, p. 20, June 1933; pay rolls, Milwaukee, p. 18, December1932; pay rolls, New York, p. 20, June 1933; pay rolls, Philadelphia, p. 18, December 1932; pay rolls, Pittsburgh, p. 18, January 1934; pay rolls, Maryland and Massachusetts,p. 18, December 1932. Data on factory pay-roll indexes, by classes shown on p. 18 of June 1934 issue. See also p. 19, July 1934.

t Revised series. For revisions on the following subjects refer to the indicaied pages of tne monthly issues as follows: Labor disputes for 1932, p. 29, July 1933; pay rolls,Philadelphia and Delaware, p. 19, September 1933; pay rolls, Massachusetts, for 1931, 1932, and 1933, p. 19, August 1933; pay rolls, New Jersey and Pennsylvania, p. 19,September 1933. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934 issue.

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

Page 32: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

30 SUEVEY OF CUEEENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

EMPLOYMENT CONDITIONS AND WAGES—Continued

PAY ROLLS— ContinuedNonmanufacturing (Department of Labor)— Con.

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

Trade:Retail 1929=100..Wholesale 1929=100..

Miscellaneous:Banks, brokerage houses, etc.*t-1929=100._Dyeing and cleaning*! 1929=100-Hotels - 1929=100Laundries*! 1929=100..

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

All wage earners dollars--Male:

Skilled and semiskilled dollars .Unskilled. dollars-

Female dollars..All wage earners _. 1923=100—

Male:Skilled and semiskilled.. 1923=100..Unskilled .1923 = 100—

Female 1923=100.Factory, av. hourly earnings (25 industries):*!

All wage earners - -dollars—Male:

Skilled and semiskilled dollars-Unskilled dollars-

Female dollars..Factory, weekly earnings, by States:

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

Miscellaneous data:Construction wage rates :*§

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

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

Railroads, wages dol. per hour__Road-building wages, common labor:#^

United States dol. per hourEast North Central dol. per hourEast South Central dol. per hour--Middle Atlantic dol. per hour -Mountain States dol. per hourNew England dol per hourPacific States dol. per hourSouth Atlantic. dol. per hour--West North Central dol. per hourWest South Central dol. per hour

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

62.479 372.2

70.867.4

(3)59.064 365.9

19.53

21.6016.0114.0873.4

70.171.981 7

.592

.654

.481

.430

75 470 777.586 480.274.069 4

.5351 12

27.83

4150

.3042564458

.324534

485101.5

57.871 864.6

69.262.3

84.557.155 663.5

19.41

22 0516.0414.3172 9

71 672.083 0

.536

.593

.439

.401

72 466 679 083 379 072.264 8

.4521 02

25.89.606

3743

.20

.36443852

.253628

440101.5

59.876 267.0

72.366.0

84.757.456 262.5

19.50

22.3516.3414.3173.3

72.573.383 0

.542

.598

.444

.404

74 667.377.584 577.873.966.6

.5061 03

.603

.3743

.20

.37444055

.2537

.29

440101.5

59 474 567.7

72.664 1

86.152.555 260 7

18.44

21 0514.8713.7469 3

68 366.779 7

.546

.604

.445

.404

72 865 676.285 076 871.564.5

.5101 04

.613

.3845

.21

.38454057

.243730

440101.5

69 674 467.7

80.364 5

87.447.357 661.1

18.57

21 1015.2713.4869 8

68 568.578 2

.550

.609450

.407

75 166 771.284 777 471.563 3

.5201 06

24.90.616

.3845

.23

.39473958

.253831

440101.5

59 273 g69.0

68.863 9

88.146.860 861 7

18.89

21 4415.7413.4371 0

69 670 677 9

.551

.608456

.411

74 668 472 583 378 769.664 1

.5161 05

.612

3745

.2341484058

.213829

440101.5

60 174 467.9

67.764 6

87 046.365 261 7

19.81

22 2816.4214.8574 4

72 373 786 1

.558

.614459

.415

76 670 575 385 778 673.568 1

.5271 06

.631

3746

.2542494157

.233632

440101.5

62 275 670.4

69 565 7

(3)51.766 662 7

20.49

22 8716.9514.6377 o

74 376 184 9

.561

.615465

.419

75 471 276*485 480 876.772 1

.5271 07

26 88.609

42'50.3042554457

.314135

440101.5

62 976 868.8

71.566 8

(3)60.866 564 4

21.00

23 4617.4114.7178 9

76 278 185 3

.579

.633479

.425

75 872 175 986 780 678.272 2

.5341 08

.610

4351

.3041554657

.314135

485101.5

63 077 671.4

71 866 3

(3)65.165 966 9

20.79

23 2516.8814.6378 1

75 575 884 9

.586

.646486

.428

75 373 675 887 380 782.674 0

.5341 10

.600

4351

.3041554457

.314335

485101.5

63 277 871.3

71.666 5

(3)64.166 268.3

20.70

23 2217.0414.5877 8

75 476.584 6

.586

.648

.480

.429

76 374 174.387 080 281.374 3

.5341 10

27 29.599

4351

.3041554357

.314235

485101.5

63 881 172.3

69 567 6

(3)58.965 668 2

19.92

22 3816.4714.3674 9

72 773 983 3

.587

.649484

.429

77 172 675 285 379 874.469 3

.5301 10

.596

4250

.3041564358

.324334

485101.5

62 879 974.0

67 366 4

(3)56.764 566 6

19.59

21 7315.9614.2473 6

70 671 682 6

.588

.650481

.426

76 371 775 486 580 977.071 2

.5301 11

4150

.3041564358

.314534

485101.5

FINANCE

BANKINGAcceptances and com'l paper outstanding:

Bankers' acceptances, total mills, of dol—Held by Federal Reserve banks:

For own account mills, of dol—For foreign correspondents .mills, of dol—

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

Own bills mills, of dolPurchased bills mills, of dol—

Held by others mills of dolCom'l paper outstanding mills, of dol—

Agricultural loans outstanding:Farm mortgages:

Federal land banks mills, of dol—Joint stock land banks mills, of dol—Land bank commissioner*— .mills, of dol—

Loans and discounts of Federal interme-diate credit hanks mills of dol

Other loans:Agr. marketing act* _ mills, of dol—Banks for cooperatives, incl. Central

Bank* _ . mills, of dolEmergency crop loan* mills, of dol—Prod. cred. ass'ns* mills, of dolRegional ag. credit Corp.* mills, of dol—

539

1

50322328035

192

1,792285516

191

239161

107

715

141

517236282156123

1,110413

6

127

321

135

155

737

131

592271321112130

1,126408

16

133

319

7110

(i)147

758

183

599273326138133

1,15640134

141

317

1194

0)143

764

1274

442223219190109

1,21439271

149

168

1990

0)145

771

1054

56725531295

108

1,288381120

150

167

1581

(i)145

750

565

581266315108117

1,371370174

148

167

1573

0)146

685

235

57625232481

133

1,458349238

156

165

16684

145

613

34

53623629970

139

1,484345259

172

164

178414

145

569

3

507226281

59141

1,549335311

191

150

199028

143

534

2

48022026053

151

1,631320379

198

219139

138

516

1

47222225042

168

1,690306430

202

219150

129

520

48322226137

188

1,746295478

199

239258

118

i Less than one million. Data shown in thousands appeared in the Oct. 1934 issue. 3 Not available.* New series. For earlier data on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls, banks, brokerage houses, etc., p. 19,

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

t Revised series. For revisions on the following subjects refer to the indicated pages of the monthly issues, as follows: Pay rolls of banks, brokerage houses, etc., for1932, p. 29, January 1934; Massachusetts weekly earnings for 1931, 1932, and 1933, p. 19, August 1933 issue; pay rolls in laundries and dyeing and cleaning establishments,p. 20, August 1934; factory weekly and hourly earnings revised for 1933. See p. 20 of the July 1934 issue.

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

ments to fix minimum wage scales.§ Construction wage rates as of October 1,1934, common labor, $0.536 skilled labor, $1.12.Digitized for FRASER

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

Page 33: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

November 1934 SURVEY OF CURRENT BUSINESS 31

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

FINANCE—Continued

BANKING-ContinuedBank debits, total .mills, of doL.

New York City — - .mills, of doL.Outside New York City mills, of doL.

Brokers' loans:Reported by New York Stock Exchange

mills, of dol—Ratio to market value .percent—

By reporting New York member banksmills, of dol—

Federal Reserve banks:Acceptance holdings. (See Acceptances.)Assets, total mills, of dol—

Reserve bank credit outstandingmills, of dol—

Bills bought... mills, of dol—Bills discounted .__ mills, of dol—United States securities mills, of dol-

Reserves, total - - _. mills, of dolGold reserves§. mills, of doL.

Liabilities, total _. mills, of doL.Deposits, total - mills, of dol—

Member bank reserves..... mills, of doL.Notes in circulation, mills, of dol—

Reserve ratio percent--Federal Reserve member banks: *

Deposits:Net demand mills, of dol—Time mills, of dol—

Investments . mills, of dol—Loans, total mills, of dol__

On securities mills, of dol—All other loans mills, of dol—

Interest rates and yield on securities:Acceptances, bankers' prime percent--Bond yields. (See Bonds.)Call loans, renewal- percent..Com'l paper, prime (4-6 mos.) percent,.Discount rate, N.Y.F.R. Bank percent—Federal land bank loans percent--Intermediate credit bank loans percent ..Real estate bonds, long term percentStocks yields. (See Stocks.)Time loans, 90 days percent--

Savings deposits:New York State mills of dolU.S. Postal Savings:

Balance to credit of depositorsthous. of doL .

Balance on deposit in banks.thous. of dol—

FAILURES

Commercial failures:Total number

Agents and brokers number—Manufacturers, total number _ _

Chemicals, drugs, and paints, .number ..Foodstuffs and tobacco number ..Leather and manufactures number ..Lumber numberMetals and machinery . numberPrinting and engraving numberStone, clay, and glass number--Textiles numberMiscellaneous - . number

Traders, total . numberBooks and paper numberChemicals, drugs, and paints ..number _.Clothing . number _Food and tobacco number _General stores number _.Ho use hold furnishings number _ _Miscellaneous number

Liabilities, total _ thous. of dol-Agents and brokers——. thous. of dol—Manufacturers, total thous. of dol—

Chemicals, drugs, and paintsthous. of dol—

Foodstuffs and tobacco — thous. of dol—Leather and manufactures.-thous. of dol—Lumber — thous. of dol—Metals and machinery thous. of dol—Printing and engraving thous. of dol—Stone, clay, and glass thous. of dol—Textiles... thous. of dol—Miscellaneous thous. of dol—

Traders, total, thous. of dol—Books and paper thous. of dol—Chemicals, drugs, paints.. thous. of dol—Clothing thous. of dol—Foods and tobacco-.. thous. of dol—General stores. thous. of dolHousehold furnishings thous. of dol—Miscellaneous — thous. of dol—

23, 99111, 12212, 869

8322.57

725

8,220

2,4646

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

13,0834, 471

10,0177,7943, 0474,747

14-14

1.00%-l1. 505. 002.00

?i-J

5 145

1,192,717566,381

79064

2144

199

35269

111982

5129

4166

230316471

16, 4401,7357,467

291178365

1,8921,737

85365673

1, 8817,238

177436504

3,362320988

1,451

24, 55512, 34012, 215

8972.74

806

6,735

2,4217

1282,2773,8053,5916,7352,7482,4383,00266.2

10, 5054,5017,9898,5403,6874,853

\i

.75VA-VA

O K.Q

5.' 003.13

M-%

5,079

1,180,668937,409

1 116115273

4204

3738131719

121728

558

1152843593

13821, 8474,8337,646

14228

142, 102

771404248355

3,5109,368

31598

1,1132,928

2181,7542,726

26, 30713, 28013,027

7762.58

749

6,889

2,5497

1162,4213,8173,5916,8892,8852,6852,96665.2

10, 6534,4708,1568,5933,6044,989

M

.75IX

"2.005.003.13

5/£-M5,049

1,188,871918,644

1,2061123141346133631221915

119780106381

31041

105170

30, 5828,4478,850

267493151993452415874668

4,53713, 285

293746

1,0423,859

5951,9104,840

24, 13112, 20411, 927

7892.43

720

6,865

2,58124

1192,4323,7783,5736,8652,7962,5733,03064.8

10, 7514,4108,1048,5683,5694,999

Vt-y*.75IX

2.005.003.04

H-l

5 029

1,198,656910,133

1 237106311

6319

3439271632

117820

787

1173194199

15025,3535,2827,808

52573576

1,0951,017

775506437

2,77712, 263

61792

1,1494,068

4201, 6334,140

26, 30113, 01313, 288

8452.55

837

7,041

2,68813398

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

10, 9524,3518,2008,3853,6204,765

5/i

.941M-1M

2.005.002.96

x-ix5,064

1,208,847914,235

1 132100258

623132827161129

1057741180

1163024096

12927, 2009,0968,658

89184405

1,7481,372

323487343

3,7079,446

195750

1,2322,854

3711,3242,720

27, 22114, 02313, 198

9032.42

888

6,989

2,63011183

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

11,1184,3678,7728,3493,6094,740

H

1.001M-1H

2.005.002.98

1-lJi

5,067

1,200,771902,225

1 364118295

730122443202034

105951

1878

21233034

125154

32,9055,5299,265

34380195991

1,228568503

1,1234,243

18,111231826

2,2717,164

5402,1464,933

25, 01513, 23111, 784

9382.56

858

7,309

2,5676264

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

11, 3984,3709,2158,1853,5204,665

H1.00

itf-iM"1.505.003.00

fc-1

5 076

1,200,023883,705

1 04985

2481323132725179

2992

7161062

104283

25108124

19, 4454,3315,943

831207164

1,170284508140580

2,0599,171

127781

1,2542,769

2241,7322, 284

29, 68515, 60814, 077

9812.67

886

7,669

2,5452954

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

11, 7944,4199, 3118,1613,5144,647

H-H

1.001--1M1.505.002.74

H-l

5 122

1,199,983856,323

1 102'l06301

623194033161722

125695

1468

10126423

13194

27, 2284,880

12, 239

165378339

2,6001,159

5041,0992,1833, 812

10, 108217812

1, 0833,124

4572,4671,948

31, 23116, 95314, 278

1,0882.99

974

7,953

2,4859

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

12, 2214,4549,3268,1363,5774,559

K-M

1.00i-iH1.505.002.50

M-l

5 097

1,197,485806,163

1 052102281

6327

3638101326

113669

125988

2762095

11925, 7875,319

10, 300

22548986

1,6383,237

126194601

3, 70410, 168

198609894

4,424278

1,2222, 543

28, 75714, 65214, 105

1,0163.00

915

8,028

2,4635

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

12, 4264,4559,2808,0263,4764,550

H-H

1.001

1.505.002.26

M-l

5,090

1,196,881730,051

97799

2467

327

2626101027

1016321164

109250

2468

10622, 5613,3509,674

62331178

1,5791,334

140348951

4,7519,537

80739

1,0443,875

1751,0912,573

30, 14215, 38814, 754

1,0823.14

1,017

8.175

2,4725

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

12, 5044, 5019,7238 0143,5294,485

#-H1.00H-l1. 505.002.00

%-l

5 134

1,197,887694,575

1 03395

2796

279

324117124788

659145791

2982264

11323. 8683 6989,581

252344468

1,4121, 703

412432

1,3613,197

10, 319152467

1,3673,957

317802

3,267

27, 75213, 84213, 910

9233.00

885

8,161

2,4625

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

12, 7454,4889,8897,8733, 3584,515

fc-H1.003/4-1

1.505. 002. 00

%-l

5, 114

1,190,712670,182

91298

2354

2311372595

4081

5798

6871

251206893

19, 3264,1166,786

309146138975766778192717

2,7658,124

135870790

3,222123889

2,145

« 25, 70512, 285

« 13, 420

8742.68

793

8,197

2,4645

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

12, 9264,5109,9067,8023,2474,555

H-H1.00•M-l1.505. 002.00

M-i5 054

1,192,511620, 079

92995

2375

22113232165

3284

597126965

275196592

18, 4603,4017,489

22192220

1,2911,543

175146998

2,9027,569

225714587

3,505145943

1,449

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

101 cities. They are available only from January 1932 to date. One additional city has been added in 1934 to offset the dropping of 1 bank which discontinued reporting.§ Figures subsequent to December 1933 represent gold certificates on hand and due from U.S. Treasury, plus redemption fund—Federal Reserve notes, $35,138,000 on

Feb. 28, $32,748,000 on Mar. 31, $31,400,000 on Apr. 30, $30,000,000 on May 31, $25,724,000 on June 30, $24,056,000 on Julv 31,"$24,000,000 on Aug. 31, and $21,798,000 onSept. 29, 1934. - * - - - « . .

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

Page 34: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

32 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

FINANCE—ContinuedLIFE INSURANCE

(Association of Life Insurance Presidents)Assets, admitted, totalf— mills, of doL.

Mortgage loans „ mills, of dol..Farm - mills, of dol -.Other - _ _ - mills, of doL-

Bonds and stocks held (book value):mills of dol

Government---.— --.- . mills, of dol__Public utility .......mills, of doL.Railroad mills, of dolOther mills, of doL.

Policy loans and premium notesmills of dol

Insurance written: fPolicies and certificates thousands

Group .thousands-Industrial _ - thousands. ..Ordinary thousands

Value, total _ _ _ - _ thous. of doL-Group thous. of dol__Industrial thous. of doL_Ordinary ___thous. of dol_-

Premium collections | thous. of dol_.Annuities . thous. of doL.Group thous. of dol_.Industrial thous. of dol._Ordinary thous. of doL.

(Life Insurance Sales Research Bureau)Insurance written, ordinary total

mills, of doL.Eastern district mills, of doL.Far Western district mills, of dol..Southern district mills, of dolWestern district _ - mills, of dol__

Lapse rates 1925-26 = 100MONETARY STATISTICS

Foreign exchange rates: #Argentina dol. per gold peso-Belgium dol. per belga__Brazil dol. per milreis-.Canada dol. per Canadian doL.Chile dol. per peso..En<)rland __dol. per £._France - _dol. per franc_.Gennany _dol. per reichsmark-.India dol. per rupee--Italy dol. per lira--Japan - dol. per yenNetherlands dol. per florin--Spain dol. per pesetaSweden _ - _dol. per kronaUruguay _dol. per peso..

Gold and money:Gold:

Monetary stocks, U.S mills, of dol._Movement, foreign:

Net release from earmark- thous. of dol._Exports _ _- thous. of dolImports thous. of dol

Net gold imports, including gold releasedfrom earmark ° * thous. of doL.

Production, Rand._ fine ounces--Receipts at mint, domestic. _. fine ounces. -

Money in circulation, total mills, of dol—Silver:

Exports thous. of dolImports _.thous. of dol-_Price at New York _ _ _dol. per fine ozProduction, estimated, world •

thous. of fine oz__Canada thous. of fine ozMexico.. thous. of fine oz_.United States . thous. of fine oz

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

(Quarterly)Profits, total t . mills, of dol

Industrial and mercantile, totalmills, of doL.

Autos, parts and accessories mills, of dolFoods mills, of dolMetals and mining mills, of dolMachinery ..mills, of doL.Oil mills, of dolSteel and railroad equipment

mills, of dolMiscellaneous mills, of dol

Public utilities! mills, of dol. .Railroads, class I (net railway operating

income) .mills, of doLTelephones (net operating income)

mills, of doL.

88016

654211

551, 55621,087

170, 935359, 534

4001624052

146

*. 333.237.083

1. 029.103

4.99.067.403.376.087.298.686.138.258.812

7,971

2,41922, 2553,585

-16, 251857, 442144, 313

5,428

1,42420, 831

.495

14, 8891,5126,0001,786

5,4652,739

17, 1625,7941,2864,508

6,4281,5991,6892,619

521

2 951

96233

702226

577, 77623, 028

180, 105374, 643208, 97617,0516, 842

52. 939132, 144

4181674352

156136

.861

.207

.082

.965

.0874.66.058.354.350.078.273.599.124.241.702

4,327

49, 30558, 281°1 545

-7, 442901, 799105, 985

5,632

3,3213,494.384

12, 6921,6184,3241,918

3,5371,862

415.6

128.942 526.27.61.8

17.8d4. 737.752.3

186.2

48.2

17, 2125,7471,266

| 4, 481

6, 4801 1, 650

1,6922,618

520

2 945

1,08223

812246

657, 36225, 920

212, 452418, 990225, 336

19, 0247,216

53, 612145, 484

4651944554

172

.861

.207

.085

.976

.0894.67.058.354.350.078.278.600.124.241.708

4,324

26, 86734, 0461,696

-5, 483908, 888155, 532

5,656

2,2814,106.382

15, 0121,6386,6611,781

5,6691,909

17, 2505,7001,2484,452

6,5991,7621,6972,620

520

2 939

1,07130

772269

681, 04941, 483

202, 843436, 723214, 682

15, 8766,909

46, 253145, 64-J

5042155058

181

.920

.223

.0861.012.101

5.15.063.382.383.084.304.646.131.266.763

4,323

6002,9572 174

-463898, 468162, 280

5,681

4644,083.430

14, 1581,4746,0331,863

5,6381,744

17, 2175,6491,2344,415

6,6251,8351,6942,585

511

2 948

1,09647

773275

715, 25655, 693

194, 030465, 533324, 87730, 0129,226

113,588172, 051

5482175667

208133

.758

.217

.0861.006.096

5.12.061.373.384.082.307.629.128.264.746

4,323

11, 78010, 8151 687

2,652894, 156184, 622

5,811

5904,977.436

13, 0591,1315,3911,562

5,2741,758

309.2

72.5d6. 120.59.01.6

18.7d 10.1

38.956.9

132.6

47.2

17,2995,6121,2144,398

6,7041,8911,7102, 589

611

2 947

1,03929

766244

665, 45732, 673

197, 108435, 676249, 88425, 5639,060

59, 051156, 210

4722024353

174

6.335.220.086.995.095

5.05.062.376.380.083.301.636.130.260.758

» 4, 323

12, 2064,7151 947

9,438907, 641116,543

5,669

8593,593.442

14, 8241,3686,0002,025

7,2752 055

17, 3455,5681,1934,375

6,7631,9451,7122,588

616

2 936

1,01515

752248

648, 07326, 862

196, 816424, 395224, 676

19, 9257,765

51, 121145, 865

4712034554

169

6 .336.229.085.992.096

5.03.065.389.379.086298

.660133

.260

.788

" 7, 137

68, 65351

452 622

521, 223826, 36368, 8455,339

7342,128

452

13, 4271 3515,4131 903

8 9192 389

17, 3605,5111,1644,347

6,7941,9671,7162,584

527

2 924

1,22830

894304

787, 62833, 241

228, 107526, 280251, 11922, 5579,724

54, 012164,826

5712445563

209125

fr.340.233.085.998.101

5.09.066.397.383.086.300.673.136.263.802

7,602

-83744

237 380

236, 499874, 11293, 2225,368

6651,823.459

13, 6401,0854,4952,791

10, 6452,141

»315. 0

94.631 820.69.23.12.8

<*10 938.059.1

112.2

49.1

17, 4175,4571,1434,314

6,8682,0221,7192,587

540

2 915

1,17846

841291

794, 49562, 214

220, 366511,915245, 09925, 0308,255

52, 340159, 474

5812485567

211

fc. 344.234.086

1.002.103

5.15.066.396.388.086.303.679.137.266.806

7,736

-1, 13337

54 785

53, 615865,82297, 7515,366

1,4251,955.452

16, 5191,0157,8222,389

11, 8652,423

17, 4875,3981,1244,274

6 9192,0471,7272 586

559

2 907

1 20134

868299

791, 54440, 989

226 013524, 542244, 28128, 7428,250

48, 018159, 271

5882515668

213

& 340.234.086

1.002.103

5 11.066.395.383.085302

.679137

.263

.806

7,759

4891 780

35 362

34, 071898, 418101, 217

5,355

1,6384, 435

442

16, 1311 5437,0652 303

7 1742 449

17, 5565,3351,1014,234

7 0102,1161,7322 592

570

2 898

1,13251

805276

762, 49057, 812

211, 473493, 205246, 414

29, 2667,813

54, 523154,812

5562335866

199118

«>. 337.234.085

1.008.102

5.05.066.383.379.086.299.678.137.260.803

7,821

9866,586

70 291

64, 691868, 12994, 4395,341

2.4045,431.452

• 14, 871963

6,4612,312

7,9072,630

364.1

*>145. 346.224.88.45.45.8

»14 839 9

z>55. 1

113.6

P50. 1

17, 6595,2721,0764,196

7 1332,2031,7402 606

584

2 893

1 04226

766250

694, 25946, 795

202 256445, 208252, 57233, 2468,885

54, 072156, 369

4982134860

177

b 336.234.084

1 012.103

5 04066385379

.086298

.678133260

.801

7,893

588114

52 460

52, 934876, 094141, 910

5,350

1, 7892,458

463

« 13, 6671 3595,3211 853

7 8652 402

17, 7255,2011,0474,154

7 2002,2361,7502 617

597

2 889

1 07325

793255

699, 87939, 628

212 380447, 871234, 66233, 5018,350

49, 111143, 700

4842084759

170

6 338.237.085

1 024.103

5 07067

'395381

.087300

.684138

*26J.810

7,971

-1, 05514 55651 781

36, 170881,86193, 2125,355

1 741«21, 926

490

o 15, 4361 378

a g 5362 087

5 0682 257

0 Revised. ° Or exports (-). d Deficit. * Preliminary.6 Quotation based on paper peso instead of gold peso as formerly. Former equivalent to 44 percent of latter. See note on p. 56 of the March 1934 issue.* New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issues, net gold imports.t Revised series. For earlier data see pp. 18 and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections, and

p. 19 of the July 1934 issue, corporation profits.• Data are compiled by the American Bureau of Metal Statistics and represent the estimated world output. The series previously presented in the SURVEY covered

the principal producing countries only which were stated to produce 85 percent of the total. Actually, however, the percentages varied for the years indicated as follows:1928, 87.9; 1929, 87.1; 1930, 85.5; 1931, 82. 0; 1932, 75.5, and 1933, 77.5.

# Par values of foreign currencies as given on pp. 86 and 87 of 1932 annual supplement were changed with the reduction in gold content of the United States dollar.» Decision of Treasury and Federal Reserve to omit gold coin from circulation figures as of Jan. 31, at which time it was carried as $287,000,000, is not reflected in the

I a nuary total, which is the daily average figure for the month. Large increase in February total resulted from revaluation of the dollar to 59.06 percent of its former goldcontent;.

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November 1934 SURVEY OF CURRENT BUSINESS 33

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934Septem-

ber

1933

**$"*- \ October |N°™rm- De

bceerm' January Febru-

ary March

19

April

34

May June July August

FINANCE—ContinuedPUBLIC FINANCE (FEDERAL)

Debt, gross, end of month-.. mills, of dol—Expenditures, total (incl. emergency) c?

thous. of dol—Receipts, total thous. of dol—

Customs -thous. of dol—Internal revenue, total -thous. of dol—

Income tax thous. of dol—Reconstruction Finance Corporation loans out-

standing, end of month:* §Grand total thous. of dol-

Total section 5 as amended— thous. of dol—Bank and trust companies including re-

ceivers thous. of dol—Building and loan assoc thous. of dol—Insurance companies thous. of dol—Mortgage loan companies_thous. of dol—Railroads, incl. receivers— thous. of dol—All other under section 5. -thous. of dol—

Total emergency relief and construction actas amended thous. of dol—

Self-liquidating projects thous. of dol—Financing of exports of agricultural sur-

pluses thous. of dol—Financing of agricultural commodities,

and livestock thous of dol—Amounts made available for relief and

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

thous. of dol- -Agricultural adjustment act of 1933

thous. of dol--CAPITAL ISSUES

Total, all issues (Commercial and FinancialChronicle) thous. of dol—

Domestic, total.- thous. of dol—Foreign, total thous. of dol—Corporate, total thous. of dol—

Industrial thous. of dol—Investment trusts thous. of dol__Land, buildings, etc thous. of dol. .

Long-term issues- thous. of dol—Apartments and hotels. -thous. of dol—Office and commercial .thous. of dol—

Public utilities- thous. of dol—Railroads thous. of dol..IVtiscellaneous _______ thous . of dol

Farm loan bank issues thous. of dol._Municipal, States, etc thous. of doL.Purpose of issue:

New capital, total thous. of dol—Domestic, total thous. of dol—

Corporate... - thous. of dol—Farm loan bank issues. -thous. of dol._Municipal, State, etc thous. of dol—

Foreign - thous. of dol—Refunding, total thous. of dol—

Corporate thous of dolType of security, all issues:

Bonds and notes, total thous. of dol—Corporate thous. of dol—

Stocks thous. of dol—State and municipals (Bond Buyer):

jrer idiieui (,iong Ler ) i o , , ,1 emporary (snort term)___ — tnous. 01 QOi—

SECURITY MARKETS

Prices: Bonds

All listed bonds, (N.Y.S.E.).. .dollars-Domestic issues dollars--Foreign issues dollars--

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

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

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

percent of par 4% bond—Rails, second grade (10)

percent of par 4% bond..Domestic! (Standard Statistics) (60) -dollars- -U.S. Government (Stand. Slat.)* dollars--Foreign (N.Y. Trust) (40)— .percent of par. .

Sales on New York Stock Exchange:Total thous. of dol. par value-.

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

Par, all issues _. .mills, of dol—Domestic issues.. _ mills, of dol—Foreign issues mills, of dol—

Market value, all issues mills, of dol—Domestic issues .-.mills, of dol—Foreisrn issues mills, of dol—

27, 190

462, 034515, 38336, 174

379, 738171, 177

2,680,8921,289,672

591, 97228, 25230, 722

160, 767343, 287134, 672

505, 902111, 184

14, 954

81, 538

298, 227

827, 660

69, 24669, 246

017, 1871,300

00000

13, 1871,2001,500

13, 00039, 059

43, 37543, 3754,387

036, 188

025, 87210, 000

64, 19717, 1872,300

88.2790.0579.89

78.9774.31

90.33

99.70

62.1396.7

103. 4765.60

285, 009128, 605

43, 90336, 1857,717

38, 75132, 5866,165

23, 051

339, 452333, 25233, 793

318, 986134, 343

1,852,4561,432,249

682, 31875, 60467, 793

158, 199331, 755116, 575

353, 81348, 540

3,687

2,571

299, 015

63, 096

3,300

"95,005« 95, 005

026, 76522, 903

000000

3,8620

30, 000« 38, 240

« 64, 197« 64, 197

8,91118, 000

"37,2860

* 30, 80817, 854

« 86, 09417, 8548,911

52, 19143, 006

83.0085.8271.54

69.5859.79

76.57

85.74

62.3487.9

103. 5157.97

234, 29633, 886

41,58133, 3708,212

34, 51428, 6395,875

23, 050

508, 642272, 74731, 938

164, 14810, 348

1,829,6631,398,176

666, 46372, 19267, 596

157, 101330, 157104, 367

362, 13556, 038

3,912

3,170

299, 015

66, 052

3,300

59, 36359, 363

03,1093,109

000000000

56, 254

58, 70258, 7023,109

055, 592

0662

0

56, 2543,1093,109

90, 39153, 830

82.3384.7072.85

66.9956.50

75.83

85.47

58.3886.5

103. 5158.78

231, 52034, 678

40, 87532, 6808,195

33, 65127, 6815,970

23, 534

510, 375219, 49326, 565

135, 70717, 783

1,962,4021,451,067

689, 39168, 53465, 050

160, 612333, 423134, 057

397, 93860, 020

4,498

34, 405

299, 015

110,097

3,300

90, 27990, 279

06,5116,511

000000000

83, 768

88, 25788, 2576,511

081, 746

02,022

0

83, 84375

6,436

124, 94121, 376

81.3682.9874.67

62.1453.51

70.37

79.22

52.7782.6

101. 3961.53

296, 98993, 536

42, 01033, 8218,189

34, 18028, 0656,115

23, 814

725, 086341, 77624, 994

302, 432128, 286

2,255,0251,550,110

711, 42566, 23760, 930

177, 845337, 080190, 773

433, 93763, 451

6,895

64, 576

299, 015

264, 189

74, 56674, 566

016, 15015, 351

00000

5500

25014, 25044, 166

57, 00057, 00015, 601

041, 399

017, 566

550

58, 96516, 15015, 601

302, 47474, 979

83.3485.1175.90

65.4656.53

71.85

83.07

57.2883.6

100. 9561.47

267, 25941,865

41, 82933, 8158,014

34, 86128, 7786,083

25, 068

997, 022229, 11826, 306

182, 40515, 850

2,533,5661,601,786

710, 68563,61757, 383

180, 497340, 726248, 878

514,51971, 746

9,063

134, 695

299, 015

410, 472

26, 052

643, 965/ 3,024,210

23, 275174, 03624, 803

2,604,7901,594,667

700, 27860, 14154, 249

167, 610365, 205247, 183

538, 20471, 220

10, 076

157, 896

299, Oil

465, 130

90, 24390, 243

07,4835,983

00000

1,50000

28, 00054, 759

47, 77547, 7755,9835,000

36, 7920

42, 4671,500

84, 2601,5005, 983

a 142,39786, 175

86.8488.7778.65

71.8963.83

75.64

89.05

64.4188.3

101. 4367. 73

413, 39170, 264

41, 76133, 792

7,96936, 26429, 9966,268

86, 98486, 984

015, 3363,366

00000

12, 00000

8,90062, 718

79, 12179, 12113, 0587,000

59, 0630

7,8632,308

85, 92615, 3661,058

76, 43425, 395

88.2790.1280.43

77.8569.64

80.18

95.19

71.2292.9

102. 7470.22

373, 85223, 606

41, 73733, 775

7,96236, 84330, 4406,403

26, 158

623, 592/ 434, 555

23, 122390, 353228, 526

2, 665, 8611, 509, 691

657, 37955, 85451, 700

161, 574345, 181238, 003

556, 22380, 195

11, 073

165, 951

299, 003

593, 048

146, 879146, 879

026, 3404,609

00000

15, 0006,481

25025, 00095, 540

97, 27697, 27613, 7703,000

80, 506

49, 60312, 569

142, 27026, 3404,609

°104, 63959, 341

89.1591.0980.89

79.7372.34

81.98

97.46

71.9795.1

103. 7466.78

324, 46447, 980

41, 72733, 7717,955

37, 19830, 7646,435

26, 118

=2,983,939/ 199, 278

23, 792153,36421, 075

2, 712, 5461, 476, 613

627, 46050, 79938, 575

188, 008344, 934224, 064

561, 22982, 666

12, 330

167, 335

298, 898

656, 187

236, 245235, 045

1,20087, 5245,195

00000

5,58376, 746

045, 000

103, 722

143, 404143, 40428, 24115, 000

100, 1640

92, 84159, 283

231, 55087, 5244,695

«112, 7280 18, 850

90.4692.5481.57

83.4276.72

87.37

100. 50

73.9497.0

104. 6667.78

356, 85955, 496

41, 76533, 8517,915

37, 78131, 3256,456

26, 155

563, 226/ 246, 801

21,041194, 29423, 776

2,746,4641,450,489

613,39745, 49535, 929

191,393344, 716219, 559

571, 90788, 560

12, 752

172, 034

298, 561

704, 036

141, 872141, 872

031, 7816,199

0o000

8,00017, 582

032, 50077, 591

102, 733102, 73328, 82312, 50061,410

039, 139

2, 958

138, 63128, 5403,241

« 80, 921a 39, 596

90.1792.3280.79

82.9376.07

88.34

101. 57

71.8497.6

105. 3466.54

283, 89965, 488

42. 40634, 504

7,90238, 23931, 8556,384

27, 053

749, 347/ 411,337

20, 837362, 243186, 161

2,883,5991,436,191

598, 90740, 44234, 748

192, 150353, 385216, 560

612, 190

27, 189

478. 859/ 232,712

19, 331195, 59221, 709

2,714,0401,336,592

582, 20036, 89332, 619

184, 790354, 447145, 643

571,96493,009 i 96,062

13, 948

206, 672

15, 185

162, 175

298, 561 298, 542

814, 707 781, 4361I

305, 522305, 522

033, 167

420oo00

373, 362373, 362

o145, 779

1,569310400400

00 0

4,00019, 7479,000

158, 900113, 455

122, 506124, 506

9,42011,500

101, 586

183, 01623, 747

296, 10223, 7479,420

"189, 061« 60, 474

90.8093.1680.15

83.8976. 57

91.26

103. 47

71.4599.0

105. 9066.04

260, 50764, 643

43, 55435, 663

7, 89039, 54733, 2236,324

43, 500100, 000

0135, 00092, 583

216, 645216, 64520, 279

105, 00091, 366

0156, 717125, 500

371, 783125, 500

1,579

« 60, 478«134, 545

89.7992.0079.59

84.1277.55

92.59

104. 68

69.9299.3

106. 4765.10

263, 75069, 290

43, 96436,1137,851

39, 47333, 2256,249

27, 080

523, 078I 297, 256

22, 952229, 548

22, 924

2,691,9171,297,412

594, 90531,49431,678

162,081343, 189134, 064

533, 864107, 287

14, 985

113,068

298, 524

803, 280

258, 810208, 810

50, 00018,01910, 500

00000

6,3151,204

0164, 11126, 680

179, 548179, 548

8,019153, 11118, 418

A

79, 26210, 000

258, 81018, 019

0

49, 76918, 852

88.9991.1378.97

81.6676.83

93. 48

102. 19

64.5997.8

105. 4264.39

317, 140151, 220

44, 33736, 5157,822

39, 45433, 277

6,177

k NPW series For earlier data see D 20 of the August 1933 issue, Reconstruction Finance Corporation and p. 20 of the June 1933 issue, U.S. Government bond prices.5 Thfe eTcludes ̂ 726 on Jan. 31, $478,243,891 on Feb. 28, $486,686,553 on Mar. 31, $486,717,731 on Apr. 30, $487,635,731 on May 31, $493,-§ i ms-exclu-Q-es^^ 0^ Aug. 31> and $499,251,915 on Sept. 29, 1934, representing payments made to States by the R. F. C. u--'- tVl" ^™or-

J " *- -4...-U,, 4.u~ T^,«.« mirror,™ a m mini* r. and $134,843 for112 9~04 on June 30. $499,251,915 on July 31, $499,251,915 on Aug. 31, and $499,251,915 on Sept. 29, 1934, representing payments made to States by the R. F. C. under the Emer-pnpv TCpliW Art of IQsVnnon fortification'of grants by the Federal Emergency Relief Administrator.

I Includes $2?80S1,221f^tmFebn^^2^2S2toT March, $409,051 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August,September, representing the increment resulting: from reduction in weight of gold dollar. _

» The figure for expenditures includes $2,000,000,000 exchange stabilization chargeable against increment m goldComparable figUr6S

$280,639,000; October,in monthly numbers.

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34 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Sep-tember

1933

Septem-ber October Novem-

berDecem-

ber

1934

January ^bru- March April May June July August

FINANCE— Continued

SECURITY MARKETS-ContinuedBonds — Continued

Yields:Domestic t (Standard Statistics) (60). percent..

Industrials (15) percent- .Municipals (15) t percent--Public utilities (15) percent--Railroads (15) percent- .

Domestic, municipals (Bond Buyer) (20)per cent .-

Domestic, U.S. Government:Treasury bonds* percent--Treasury notes and certificates (3-6

months) percent

Cash Dividend and Interest Paymentsand Rates

Total (Journal of Commerce) thous. of doL.Dividend payments ... thous. of dol

Industrial and miscellaneousthous. of doL.

Railroads, steam thous. of doL.Railways, street. . ._ thous of dol

Interest payments thous. of doL.Dividend payments (N. Y. Times}

thous. of doL.Industrial and miscellaneous., thous. of doL.Railroad thous. of dol.-

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

current rate (600 companies) .mills, of doL.Number of shares, adjusted millions--Dividend rate per share, weighted average

(600) . dollarsBanks (21) dollars-.Industrials (492) dollarsInsurance (21) dollars..Public utilities (30) dollars..Railroads (36) dollars..

StocksPrices:

Dow-Jones:Industrials (30) __ dol per sharePublic utilities (20) dol. per shareRailroads (20) dol. per share--

New York Times (50) dol per shareIndustrials (25) _dol. per share. _Railroads (25) dol. per share--

Standard Statistics (421) 1926 = 100Industrials (351) _ 1926=100Public utilities (37) 1926=100..Railroads (33) 1926=100

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

Sales, N.Y.S.E. thous. of shares. .Values, and shares listed, N.Y.S.E.:

Market value all listed shares, .mills, of dol..Number of shares listed... millions

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

Industrials (50)... percent--Public utilities (20). _. .percent--Railroads (20) percent

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

Stockholders (Common Stock)American Tel. & Tel. Co., total number

Foreign ..__ ....number-Pennsylvania Railroad Co., total number

Foreign numberU.S. Steel Corporation, total number

Foreign... . number"Shares held by brokers percent of total

4. 635.223.844.644.82

4.21

3.20

CO

8(3)

162, 7041G8, 368

4, 336

1,131. 1918. OH

1.233.77.98

1.711.981.20

90.519. 835. 1

78. 76129. 9527.5667.075.763.735.1

48.165.0

12, 636

32, 3201,313

4.213.836.533.76

5. 79

675, 4107, 743

233 7073, 151

192 2143 80219 03

5.286.304.595.015.23

4.94

3.20

04

391, 58990, 700

70, 1006,800

500300, 889

164, 629158, 577

6,052

978. 8923. 78

1.063.99.75

1.662. 11.90

100 327 947.2

86 46135. 4537.49

74 880.780.147.2

50.756.6

43,319

32, 7301,293

3.372.965.482.93

6.26

682, 2997,629

240 2373,234

186 1053 17118 66

5.396.494.605.125.35

5.01

3 22

09

645, 205180, 150

129, 75018, 2004,300

465, 055

123, 492117,263

6,229

978.2923. 80

1.063.99.76

1.662.07.91

92 824.938.9

79 54127. 8631.23

69 575 575.040.3

47.153.5

39, 379

30, 1181,293

3.593.255.612.51

6.38

i

5.726.734.895.415.86

5.52

3.46

22

412,855109, 950

98, 5002,0002,300

302, 905

259, 518243, 742

15, 776

1,017.8926. 13

1.103.55.82

1.662.07.91

96 423 738.6

82 87134. 2231.52

69 176.770.038.4

42.551.8

33, 646

32, 5421,295

3.653.266. 132.62

6.51

5.636.684.895.405.54

5.48

3.53

29

566, 059115,600

99, 1005,700

700450, 459

191, 995165, 02326, 972

1, 023. 4926. 13

1. 113.61.83

1.672.07.91

99.323.240.5

85 18137. 2733.12

70.478.867.340.3

42.449.9

34, 878

33, 0951, 293

3.593.216.242.48

6.50

680 4547,418

238 8763 208

187 9783 45018 80

5.256.174.675.085.07

4.89

3.50

25

891,926301, 260

247, 30026, 9603,975

590, 680

201, 854174, 70927, 145

1, 038. 7926. 42

1.123.58.85

1.672.06.98

102.725.244.9

88.21140. 4835.9575.684.073.245.5

51.657.5

54, 567

37, 3651,293

3.363.045.592.25

6.30

4.905.704.484.754.66

4.74

3 32

OS

403, 348152, 750

129, 30013, 6001,700

250, 598

212,413188, 24424, 169

1, 063. 4926. 87

1.153.58.88

1.672.06.98

107.328.450.8

94.35147.9140.7980.588.480.650.0

57.864.2

56, 830

36, 6581,293

3.102.814.942.18

6.01

4.745.514.244.654.56

4.56

3.21

.01

406, 867139, 600

111,20015, 600

1,200267, 267

177, 807172, 416

5,391

1, 079. 8929. 04

1.163.58.90

1.692.06.98

102.126.448.1

90.06141. 3038.8377.184.976.147.6

56.762.8

29, 916

36, 7001,294

3.333.005.502.32

5.96

671, 0527,563

235, 8093, 174

186 6123 77019 01

4.615.284. 114. 584.46

4.27

3.12

576, 940162, 800

111,05017,9006,400

414, 140

162, 170155, 651

6,519

1,073.4929. 04

1.163.58.91

1.701.98.98

104.326.049.5

92.36144. 8439.88

79.688.376.349.3

60.466.9

29, 847

36, 4321, 295

3.252.905.582.24

5.82

4.565.293.934.574.47

4. 17

,3.01

w

(3)

264, 155246, 149

18, 006

1,094.5929.01

1.183. 58.94

1.701.98.98

nc q

23.143.6

82.66131. 1734.1571.879.669.843.3

58.665.2

25, 343

33,8171, 294

3.583.255.832. 54

5.78

4.475.193.734.514.45

4.01

2.94

o

8217, 544182, 79434, 750

1, 105. 1929. 04

1.193.60.95

1.701.971.09

96.723.844.3

85.71135. 7035.7373.581.471.944. 1

58.766.7

16, 802

34, 4401,295

3.553.295.442.49

5.73

675, 4267,686

233, 8263,165

190, 7453,78519.73

4. 455. 103.754.474.47

4.05

2. 85

(3)

8113,295107, 860

5, 435

1,113.4918.0."

1. 213.77.96

1.711.971.20

94.522.240.7

83.00133. 8732. 12

71. 479.769.241.2

57.866.8

21,116

30, 7f21,294

3.673.385.732. 69

5.67

4.555.123 814. 574.68

4.15

2. 99

0000

(3)

230! 33615, 289

1, 128.9918. OS

1.233.77.98

1.711.981.20

91.620.535.4

79. 16130.4627. 8667.876.764.635.6

53.465.1

16,693

32, 6181.310

4.003.600. 303.71

5. 71

1

FOREIGN TRADE

INDEXESValue:

Exports, unadjusted 1923-25 = 100 .Exports, adjusted for seasonal . 1923-25 =100 .Imports, unadjusted 1923-25=100Imports, adjusted for seasonal. .1923-25 =100..

Quantity, exports:Total agricultural products.... 1910-14=100

Total, excluding cotton 1910-14 = 100..

VALUE §

Exports, incl. reexports thous. of dol..By grand divisions and countries:

Africa thous. of dol..Asia and Oceania... thous of dol

Japan _ thous. of dol..Europe thous. of doL.

France thous. of doL.Germany thous. of doL.

5C484143

6561

191, 660

7,99640, 11919, 97786, 91210, 3347,443

42404548

9757

160, 119

4,53532, 12015, 59981,87412, 38413, 728

51424746

12077

193, 069

4,16635, 05016^825

108, 596

49424040

11179

184, 257

4,67037, 57317[ 056

61484142

10993

192, 638

5,89940, 87818! 259

94.864 ! 102.20817, 041 14, 082 12, 12917,720 1 16,873 13,577

45444242

9372

172, 174

43474142

8063

162, 805

3, 940 4. 99935, 903ie[ 76390, 03013, 200

34 229K 92682, 18210, 935

15, 728 13, 820

50504944

7567

191,015

6,59537, 64116, 29592, 49612, 90915, 392

47504542

6063

179, 444

5, 70S

42454847

5060

160, 207

5,63737,490 i 27.53814, 824 11,50780,150 ! 66,69210,674 i 7,26310,824 i 6,847

45504244

5948

170, 574

7,06438, 39316,31067,6188,1408,230

43483943

4646

161,787

8,50235, 93512,81261, 8146. 3797,703

45493739

4651

171,965

6, 65938, 13213,85768, 728

6, 4766, 803

* New series. For earlier data see p. 20 of the August 1934 issue, yield on United States domestic long term bonds (all issues except those due or callable within 8 years.)t Revised series. For earlier data see p. 19 of the April 1933 issue, yield on domestic and public utility bonds.§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December. 1933. and January 1934

issues. For revised data for mon of 1933 see p. 20 of the September 1934 issue.Comparabb dat not avaiable.Digitized for FRASER

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

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November 1934 SURVEY OF CUERENT BUSINESS 35

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April

IMay June July August

FOREIGN TRADE— Continued

VALUE— ContinuedExports, incl. reexports — Continued.

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

Italy thous. of dolUnited Kingdom thous. of doL.

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

North America, southern thous. of dol_.Mexico thous of dol

South America thous. of doL-Argentina thous of dolBrazil thous. of doL.Chile thous. of dol..

By economic classes:Exports, domestic thous. of dol

Crude materials thous. of dolRaw cotton mills, of dol

Foodstuffs total thous. of dolFoodstuffs, crude thous. of dol__Foodstuffs, mfgd thous. of dol_.

Fruits and prep mills, of doL.Meats and fats mills, of dolWheat and flour mills, of dol_.

Manufactures, semi- thous. of do l__Manufactures, finished .. -thous. of dol..

Autos and parts mills, of dolGasoline mills of dolMachinery mills, of dol

Imports, total cf thous. of dol__Imports for consumption * thous. of doL.

By grand divisions and countries: #JAfrica thous. of dolAsia and Oceania thous of dol

Japan thous. of dol__Europe thous. of dol .

France thous. of doL.Germany thous. of doL.Italy thous. of dol__United Kingdom thous. of dol

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

North America, southern thous. of dol._Mexico thous. of dol._

South America thous. of dol_.Argentina thous of dolBrazil thous. of dol._Chile thous. of doL.

By economic classes: #^Crude materials _thous. of doL.Foodstuffs, crude thous. of dol__Foodstuffs, manufactured- ..thous. of doL.Manufactures, semi- thous of dolManufactures, finished thous. of dol._

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

15,3183,7123,9791,181

189, 23766, 437

32.220, 0594, 060

15, 9997.15.42.0

29, 72973, 012

14.03.8

18.8131, 659149, 755

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

10, 43321, 07820, 64829, 0162,509

18, 4322,0068,648

972

38, 61223, 02334, 31924, 24929, 552

7,23928, 47421, 48421, 0009,4623,324

10, 6433,5882,650

656

157, 49063, 611

45.318, 7013,398

15, 3026.85.91.3

21, 26153,916

8.33.9

11.7146, 643147, 599

3,91543, 39814, 21749, 9815,6688,5063,108

12, 09320, 49319, 97910, 9891,873

17, 8664,5386,5611,092

48, 33416, 84614, 36633, 49633, 601

8,53739, 53221, 83821, 48611, 1813,499

12, 2374,1413,194

458

190, 84281, 794

54.223, 5105,042

18, 46811.06.21.2

24, 44561, 093

8.66.5

13.5150, 867149, 288

2,30345, 60414, 50351,9085,1167,6673,838

15, 25320, 07019, 6189,8481,766

21, 1345,9428,0951,545

46, 88617, 74117, 08833, 18135,971

5,93433, 56423, 25222, 83311, 6483,685

12, 2494,5592,862

491

181, 29171, 299

48.824, 0556,653

17, 4029.76.61.6

24, 19561, 743

7.37.2

16.0128, 541125, 269

2,76439, 04911,65743, 5775,6276,6043,1809,254

17, 89017, 1239, 7892,305

15, 4733,4205,885

953

37, 26114, 85315, 78327, 83832, 805

6,72843, 87818, 89818, 51311,7913,456

12, 9653,3223,626

111

189, 80873, 071

44.324, 3447,464

16, 8808.36.73.9

28, 49763, 897

9.34.1

15.8133, 518127, 170

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

22, 08321, 2009,6753,295

17, 4062, 3158,2561,018

36, 23318, 45823, 91027, 23627, 680

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

10, 8642,9422,938

545

169, 53160, 402

41.522, 693

7,29415, 399

8.46.13.1

25, 01861,418

10.84.8

14.4135, 51312S, 738

2,54244, 7149,530

37, 3034,4916,4722,8477,997

17, 19516, 3979,3172,824

17, 7042,3797,8261,236

35, 72618, 42320, 84026, 41527, 334

6,29127, 96219, 87919, 60211, 7883,7649,7282,5522,838

593

159, 67154, 218

37.719, 5696,894

12, 6756.85.42.7

24, 45661,428

13.24.3

14.6132, 656125,011

2,78036,2119,114

44, 7657,4366,0752,852

11,03314, 34314, 1638,4722,859

18, 7212,7278,561

898

36, 89420, 99717, 29922, 22027, 602

5,32732, 28825, 79825, 36315, 4054,382

13, 0813,9093,400

654

187, 49555, 276

34.720, 0736,139

13, 9345.55.93.2

31, 38280, 764

20.65.6

18.3157, 908153, 075

4,78548, 89311, 45345, 7535,6117,4953,613

11,35718, 20817, 92910, 7683,922

24, 6203,3659,4362,631

44, 86226, 10822, 48229, 72829, 847

4,59628, 84026, 65026, 25415, 9894,668

13, 4493,6193,1691,020

176, 49945, 878

24.517,8215,348

12, 4734.45.13.7

29, 36183, 440

21.55.8

19.2146, 517141, 137

3,70051, 74610, 18637, 5453,8985,7382,9129,008

16,50616, 2719,7203,110

21, 9213,0767,1273,784

41,00621,91623, 67626, 11828, 418

4,85325, 92232, 41531, 98914, 9274,753

12, 9983,3682,989

883

157, 17137, 975

17.616,8163,994

12, 8223.36.81.9

26, 18976, 191

20.63.8

17.0154, 647146, 866

2,60555, 87710, 12139,4124,3205,4692,988

10, 30219, 24218, 73510,9123,000

18,8182,9815,4962,288

42,81218, 40627, 91326, 88930, 846

4,27624, 86228, 51527, 98715, 0644,666

13,9193,5043,3431,048

167, 95747, 003

28.914, 9233,023

11, 9004.05.71.1

27, 92378, 108

20.04.0

18.6136, 082135, 048

2,80649, 1469,279

35, 8234,1895,1682,4747,881

18, 46817, 85613, 0393,466

16, 8001,6835,6351,325

42, 57817, 28321,97726, 84926, 361

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

13, 5973, 6923,216

814

159,24237, 199

20.317, 0583, 685

13, 3732.95.71.6

28, 83476, 152

18.43.5

18.9127, 342124, 123

2,33538, 335

8, 59937, 899

3, 5345, 3542, 6519,703

19, 36018, 6979, 2852,441

16, 9082,0106,5831,448

39, 08617, 23911,86027, 46428, 474

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

16, 5224,4373, 9651,329

169, 83239, 662

17.822, 071

5, 28716, 784

7.75.83.0

29, 40878, 690

15.34.1

20.2119,515117,288

2,26034, 3688,805

35, 7884,1985,5152,7717,649

19, 26018, 75910, 6512,962

14,9611,1596,6711,038

34, 23717, 74813, 10022, 97329, 230

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATIONExpress Operations

Operating revenue thous of dolOperating income thous of dol

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

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

Index, unadjusted . 1923-25=100-CoaL. 1923-25 = 100Coke 1923-25 = 100Forest products . 1923-25=100Grain and products 1923-25=100Livestock... 1923-25 = 100..Merchandise, l.c.l 1923-25=100Ore 1923-25=100..Miscellaneous 1923-25=100

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

Total cars \ thousands..Coal thousandsCoke _ thousandsForest products _ _ ._ thousands -..Grain and products thousands--Livestock thousands-Merchandise, 1 c 1 thousandsOre thousandsMiscellaneous thousands..

8,143654, 649

6768453176

103676369596345306387643958

3,14258126

110174171797122

1, 1(,3

6 743139

8.143650, 745

44, 225

68725935696370%68606760335753685957

« 3, 241a 633

35a!25

156101

a 844a 195

« 1.150

6 719132

8.143704, 96347, 956

667054336468706869586253325751664959

2,606500

2798

11993

691111968

6 789139

8.143688, 201

46 962

607153326660671760596552346251662461

2,3665022693

12482

66730

843

7 090133

8.143741, 119

566959265847648

55636555315947683371

2,5655703491

12975

74215

909

6 641140

8.143750, 249

587767266553658

55646861306851703469

2,1785193173

11870

61512

739

6 590142

8.143698, 933

618586316546658

58647876306848673467

2,3095754087

12061

62712

785

7 052136

8.143790, 773

638271336340671064668771327546664167

3,05973045

11814867

82819

1,105

7 Oil136

8.143833, 230

605748335748671968626850317452653866

2,335401

2397

10665

66429

950

7,392122

8.143751, 053

636158356149675970636958337552653968

2,442427

2710111265

66083

967

6,961149

8.143697, 676

645856347846658771646656339054654868

3,078502

3412317477

789166

1,214

6 826136

8. 143640, 278

635538309570648365616343307984654662

2, 346373

1883

17189

613125875

8. 143654, 485

635735318-1956573645958392970

107654359

2,420383

1789

100124638116892

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

nation on p. 9 of the March 1934 issue.1 Data for September and December 1933, March, June, and September 1934 are for 5 weeks; other months 4 weeks.<?Data revised for 1933. For months not shown above see p. 20 of the October 1934 issue.

See expla-

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

Page 38: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

36 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

TRANSPORTATION AND COMMUNICATIONS— Continued

TRANSPORT ATION— ContinuedSteam Railroads— Continued

Freight-car surplus, total thousands.-Box _ _ thousandsCoal thousands

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

Dividends paid. (See Finance.)Operating revenues f _ _ thous. of dol__

Freight f thous. of dolPassenger f thous of dol

Operating expenses f thous. of dol_.Net railway operating income t--thous. of dol..Operating results (class I roads) :

Freight carried 1 mile mills, of tons .Receipts per ton-mile centsPassengers carried 1 mife millions

Waterway TrafficCanals:

Cape Cod thous. of short tons _New York State., .„ thous. of short tons..Panama, total. _.thous. of long tons..

U.S. vessels thous. of long tonsSt. Lawrence thous, of short tons..Sault Ste. Marie . thous. of short tons..Suez thous. of metric tonsWelland. thous. of short tons..

Rivers:Allegheny thous. of short tonsMississippi (Government barges)

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

thous. of short tons..Ocean traffic:

Clearances, vessels in foreign trade fthous. of net tons__

Foreignf thous of net tonsUnited Statesf thous of net tons

Shipbuilding. (See Trans. Equip.)Travel

Airplane travel:Passengers carried* . _ .numberPassenger miles flown* thous. of miles..

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

Foreign travel:Arrivals, U.S. citizens . _ .numberDepartures, U.S. citizens number..Emigrants numberImmigrants numberPassports issued number

National parks:Visitors.. . _ . _ numberAutomobiles. . _ .number

Pullman Co.:Passengers carried thousandsRevenues, total thous. of doL.

COMMUNICATIONSTelephone (class A companies) : #

Operating revenues thous. of dol._Station revenues thous. of dolTolls, message thous. of dol

Operating expenses thous of dolOperating income thous. of dol..Stations in service, end of mo thousands

Telegraphs and cables:Operating revenues thous. of dol

Commercial telegraph tolls thous. of dolOperating expenses .. . thous. of dolOperating income thous of dol

31819594

214465

9246,145

1,171

222

P114944

569

5, 8553, 6662,188

2.9157

5,599

- —

380223106

292, 147235, 43432, 014

199, 41660, 936

28, 1301.0061,716

233517

1,797961

1,1298,4532,1661,372

234

119812

600

5,7863,7412,045

56, 83021,515

2.9152

46, 52827, 1373,7842,9615,913

182, 95449, 109

1,3923,798

78, 61552, 66819, 20655, 27115, 82914, 427

8,8386,7467,598

844

385228111

294, 342239, 60329, 835

204, 69457, 265

26, 412.990

1,584

299593

2,1261,0821,0417,1542,3941,353

219

97429

415

5,3493,3921,957

50, 41319, 356

2.9357

25, 67523, 2853,8563,0044,790

75, 14019, 933

1,2563,526

80, 39554, 25019, 21956, 20916, 57114, 444

8,6636,5627,627

625

441253136

257, 676209, 91224, 972

191, 82437, 566

23, 936.965

1,223

281664

1,950964775

3,0142,4771,070

222

971,075

659

5,2113,2741,937

35, 66713, 492

2.9753

13, 17914, 5973,2322,2514,601

44, 46410, 205

1,0542,749

79, 24253, 83018, 42156, 76715,01714, 448

8,2496,1477,557

284

463264141

245, 330191, 66729, 312

187, 08137, 764

22, 001.961

1,491

2350

2,192922

6172

2,405131

201

1061,387

705

4,5092,8411,668

26, 71110, 411

2.8651

11,97910, 7073,1872,3243,922

36, 1207,761

1,3333,552

80, 66254, 22919,81858, 77715, 60914, 449

9,0766,9708,101

561

434248129

258, 006208, 78027, 200

195, 84930, 931

23, 762.969

1,346

2620

2,087846

00

2,4550

158

651,277

824

4,3542,8881,466

28, 17010, 783

2.8558

11,84813, 9362,9071,8435,409

43, 5108,346

1,3063,722

81, 56355, 01219, 65756, 80316, 71414, 483

8,7606,6697,750

605

37522594

248, 439201, 66125, 377

188, 59129, 281

23, 198.963

1,234

1120

2,124979

00

2,0350

31

70531

78

4,2012,7251,475

27,62410, 476

2.9557

15, 33418, 4332,0771,7144,190

57, 5269,344

1,1323,385

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

8,2766,2727,360

513

35721093

293, 178240, 991

27, 440209, 25152, 038

27, 793.966

1,343

2170

2,4651,119

00

2, 4350

133

821,427

788

4,7173,1231,594

22, 6068,717

2.8354

20, 79514, 8992,3042,3246,541

81, 70712, 453

1,2273,740

82, 61555, 01520, 50757, 76316, 62114, 581

9,5577,3967,9251,222

368211106

265, 391214, 26627, 045

200, 18732, 265

23, 4721.0151,377

250140

2,2911,038

5413

2,534254

174

901,404

897

4,8603,0981,762

31,41512, 374

2.8857

22, 24922, 3492,7302,432

10, 946

81, 93915, 291

1,2123,488

81, 78554, 86219, 83356, 41417, 41614, 635

8,9106,8877,768

734

35521393

282, 024228, 587

26, 575210, Oil39, 495

25, 2601.0071,340

274550

2,3031,008

9795,7452,3921,287

248

1061,592

888

5,7393,4922,247

35, 89914, 409

2.7458

19, 47918, 0032,3433,126

19, 760

132, 03031, 626

1,1223,334

83, 34955, 42820, 79958, 56416, 22014, 685

9,5237,3978,168

943

34320493

282, 779225, 70931,555

208, 31341, 836

25, 212.994

1,612

243557

1,769835901

7,9012,1511,236

280

1011,683

918

5,9963,8182,177

43, 29217, 897

2.8654

18, 21318, 9843,0332,975

24, 279

287, 72178, 928

1,3033,978

9,4777,3728,154

910

348201111

275, 984221,29132, 187

208, 48435, 221

24, 2571,0111,778

206519

1,936770977

7,5222, 1941,334

282

1091,030

698

6,0233, 8592,165

v 48, 172a 18, 153

2.8452

24, 06526, 6423, 5152,777

12, 294

570, 295145,887

1,2803,710

8,7506,7187,961

381

359209119

282. 679224, 83732, 801

211,70639, 677

25, 402

223627

8666,9902,4031,273

261

0 1201,088

599

6,5414,2602,282

54, 83521, 358

2.9854

49, 34148, 6964,0043,7857,591

531,734163,074

1,4033,928

9,3247,2268,024

895

CHEMICALS AND ALLIED PRODUCTS

CHEMICALSAlcohol:

Denatured:Consumption (disposed of)

thous. of wine gal _Production . . thous. of wine gal <Stocks, end of month . .thous. of wine gal

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

thous. of proof galWithdrawn for denaturing

thous. of proof galMethanol, wood distilled:

Crude:Production* f gallons. .Stocks, total* f— gallons..

7,9237,4522,063

13, 968

25, 423

12, 478

243, 183337, 174

13, 50212,7711,316

16, 509

18, 948

21, 775

312, 085406, 939

10, 78112, 0722,602

15, 979

13, 025

20, 624

327, 337502, 803

7,1725,6911,114

15, 396

15, 606

8,776

300, 303485, 853

5,1255,2641,245

13, 756

17, 184

8,325

360, 822

5,3985,4561, 298

13,810

20, 642

9,032

337, 983

6,1035,8701,059

12, 313

21, 590

9,668

366, 052

5, 2285, 2591,076

12, 731

24, 375

8,666

342, 307

5,6806,1921, 580

13, 478

25, 893

10, 148

324, 063

5, 5895,5401,527

12, 998

27, 971

9,248

298, 165

6,4486,7311,801

13, 702

28, 967

11,359

256, 136

6,7606,9431,978

13, 823

29, 788

11,684

253, 612

a Revised.» Preliminary.* New series. Covers scheduled airlines operating in United States. See p. 20 of the February 1934 issue for earlier data and p. 20 of the April 1933 issue for methanol.t Revised series. For earlier data see p. 20 of the April 1934 issue for operating revenues, operating expenses, and net railway operating income of class I railways; and

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

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November 1934 SURVEY OF CURRENT BUSINESS 37

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

CHEMICALS AND ALLIED PRODUCTS—Continued

CHEMICALS— ContinuedMethanol, wood distilled— Continued.

Refined:Exports -..gallons--Price, wholesale, N. Y dol. per gal..Production* _ gallons..ShiDments* gallonsStocks, end of month* gallons. .

Methanol, synthetic:Production. __ gallons-Shipments gallons--Stocks, end of month gallons..

Explosives:Orders, new* .thous. of lb_.

Sulphur and sulphuric acid:Sulphur, production (quarterly) *.long tons..Sulphuric acid (104 plants):

Consumed in prod, of fertilizer-short tons..Price, wholesale 66°, at works

dol. per short ton—Production short tons..Purchases:

From fertilizer mfrs short tons..From others short tons..

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

FERTILIZER

Consumption, Southern States ^thous. of short tons..

Exports totalf long tons.-Nitrogenousf . long tons..Phosphate materials! long tons..Prepared fertilizers - long tons__

Imports total|# - long tons _Nitrogenousf long tons

Nitrate of sodaf . - long tons. -Phosphatesf long tons__Potashf long tons

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

Superphosphate, bulk:Production... ..short tons..Shipments to consumers short tons..

NAVAL STORESPine oil:

Production gallons..Rosin, gum:

Price, wholesale "B", N. Y....dol. per bbl_.Receipts, net, 3 ports bbl. (500 lb.)..Stocks, 3 ports, end of month.bbl. (500 Ib.) —

Rosin, wood:Production -bbl. (500 lb.)_.Stocks, end of month bbl. (500 lb.)..

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

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

OILS, FATS, AND ANIMALBYPRODUCTS

Animal fats and byproducts (quarterly):Animal fats:

Consumption, factory thous. of lb._Production thous of IbStocks, end of quarter thous. of lb._

Gelatin, edible:Production— .thous. of lb._Stocks end of quarter thous of Ib

Greases:Consumption, factory thous. of lb_.Production thous. of lb_.Stocks end of quarter thous of Ib

Lard compounds and substitutes:Production thous. of lb._Stocks, end of quarter thous. of Ib

Fish oils (quarterly) :Consumption, factory . .thous. of Ib—Production thous. of lb..Stocks end of quarter thous. of Ib

Vegetable oils and products:Vegetable oils, total:

Consumption, factory (quarterly)thous of Ib

Exports - thous of IbImportst# - thous. of IbProduction (quarterly) thous. of lb._Stocks, end of quarter:

Crude thous. of lb_.Refined thous. of Ib—

44, 937.38

25, 489

84, 993

15.50115,309

21, 13611, 965

31,05623, 594

101109, 98229, 59176, 987

17469, 17624, 666

9313,141

38, 963

1.275

312, 375

5.3089, 289

244, 968

43, 095108, 933

.4626, 85671, 778

6,79819,817

1,5706,556

1,16155, 213

36, 523.37

106, 49491, 462

459, 211

1,460,5891,425,0091,214,105

25, 107

322,011

92, 962

15.50133, 056

17,76523, 604

31,21538, 327

86123, 28719, 83497, 479

375107, 07656, 6825,2489,643

39, 006

1.295

240, 24394, 436

735, 567

258, 081

5.0891, 251

218, 280

43, 21360, 305

.4726,91179, 563

6,6428,004

176,561579, 049373, 655

1,3288,009

50, 66588,52979, 633

247,89823, 648

44, 53639, 797

151,614

617, 782504

93, 139547, 514

564, 074655, 532

55, 553.37

163, 619175, 608447, 222

1,643,0401,732,4581,124,687

25, 084

160, 688

15.50158, 406

27, 12631, 693

23, 27636, 270

100116, 584

9,059102, 986

763123, 39070, 72929, 6525,677

44, 548

1.295

320, 30774, 090

861, 546

274, 095

4.8590, 474

211,422

44, 82165, 957

.4424r 47979, 616

6,92911,526

2,23286, 451

96, 293.37

144, 846193, 398309, 762

1,099,2491,233,198990, 738

23,256

154, 205

15.50155, 407

34, 58933, 680

23, 99433, 728

65117,95411,813

102, 115281

119, 52760, 10613, 7627,351

48, 685

1.295

334, 45720, 042

1,011,529

269, 719

4.8481, 896

209, 218

43, 19771, 058

.4718, 53580, 383

6,88014, 078

— ...»

5,22390, 331

_ _

145, 657.37

187, 555166, 638330, 679

962, 185833, 978

1,118,945

23, 318

313 283

150, 097

15.50155, 695

36, 18123, 763

26, 50738, 008

19081, 35916, 82459, 887

131124, 50366,55423, 5081,829

51, 600

1.295

322, 78318, 329

1,089,179

243, 196

4.6581, 627

210, 771

40, 43373, 151

.4717, 35281, 269

6,91616. 433

150, 070584, 471362, 129

3,6028,594

50, 74485, 80197, 313

238, 33627, 301

36, 09243, 936

157, 423

789 3112,578

55, 176812, 514

757, 523801, 835

106, 358.38

979, 686

28,504

161, 500

15.50143,811

32,31229, 470

26, 66427, 163

35860, 39010, 22748, 304

11140, 32795, 50933, 6903,521

37, 242

1.350

328, 34540, 552

1,130,174

305, 445

4.6639, 219

171, 263

46, 85083, 007

.524,985

68, 786

7,97018, 020

4,26991, 959

101, 484.38

690, 961

25, 584

149, 236

15.50139, 615

20, 15127, 300

21, 24222, 793

499109, 938

14, 24091, 639

52121,84570, 73917, 3432,309

47, 293

1.350

295, 33459, 466

1,124,243

306, 375

5.3832, 640

152, 569

46, 01686, 492

.622,639

54, 138

7,89217,859

2,52466, 010

135, 279.38

916, 872

27, 725

291, 366

133, 983

15.50132, 549

16, 94527, 766

23, 73334, 167

1,234118, 69237, 43875, 950

289206, 781147, 72274, 5842,267

55, 344

1.350

285, 762161,372976, 775

293, 589

5.4459, 443

142, 574

43, 75389, 963

.598,721

46, 010

7,27919, 253

177, 809692, 340417, 599

4,8869,561

64, 94088, 15484, 600

240, 73926, 599

38, 16633, 158

158, 396

829, 2292,138

51, 535640, 075

716, 692870, 068

57, 259.38

754, 980

26, 958

107, 842

15.50119,619

12, 15822, 721

21,92630, 240

76498, 29418, 04374, 287

206178, 430133, 70680, 4664,158

35, 845

1.350

232, 936209, 026806, 914

305, 273

5.5669, 496

156, 447

45, 45490, 329

.5917,31546, 465

7,72920, 289

1,77370, 163

38, 556.38

897, 294

24, 231

83, 969

15.50107, 568

5,73518, 793

14,31225, 894

157113, 752

2,646106, 354

426103, 72371, 05739, 3215,847

17, 310

1.350

168, 50985, 508

820, 096

293, 807

5.4997, 905

161, 001

43, 24398, 080

.5624, 65842, 570

7,05020, 689

92356, 668

52, 612.38

922, 551

24, 812

289, 089

80, 214

15.5092, 894

3,44126, 577

10, 24225, 783

51105, 285

5,06496, 262

16466, 70744, 16410, 5641,910

13, 355

1. 350

153,23621, 463

839, 680

266, 020

5.46102, 417171,805

38, 55498, 558

.5127, 61447, 692

6,39319, 515

190, 774545, 950444, 620

3,5858,908

64, 72290, 17575, 652

218, 11425, 133

43, 1049,136

161,411

652 5441,094

59, 694361, 986

530, 959797, 171

28, 348.38

939, 439

23, 384

83, 079

15. 5088, 049

7,41125, 951

14, 59621,991

2683, 3824,577

75, 600273

69, 28543, 57610, 9761, 495

19, 265

1.350

147, 0849,711

871, 093

261, 410

5.31116,019200, 649

37, 037105, 286

.4831, 14855, 171

5,54719, 016

1,03468, 665

77, 732.38

951, 834

26, 063

77, 404

15.5097, 478

« 13,048o 17, 060

0 28, 11129, 587

48126, 11016, 553

108, 475405

48, 44218, 535

1501,541

25, 845

1.350

152, 56621,831

875, 320

282, 242

5.31109, 234218, 256

38, 537105, 887

.4632, 47365, 510

5,90419, 078

88341, 302

* New series. For earlier data see p. 20 of the April 1933 issue (methanol) and p. 19 of January 1934 issue (explosives).^ Figures revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue for earlier data.# See footnote on p. 35 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue.t Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer and imports of vegetable oils; for 1933 revisions on exports see p. 20

of the September 1934 issue.• Texas only. Louisiana produced 23 percent of United States production in 1933.

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38 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

September

1933 1934

S<fee- October *ov«n- January aryF*rvU~ March APril May June July August

CHEMICALS AND ALLIED PRODUCTS—Continued

OILS, FATS, AND ANIMALBYPRODUCTS—Continued

Vegetable oils and products— Continued.Copra and coconut oils:

Copra:Consumption, factory (quar.) short tons..Imports # short tons. .Stocks end of quarter short tons .

Coconut or copra oil:Consumption, factory:

Crude (quarterly) thous. of l b _ _Refined total (quarterly) thous. of Ib

In oleomargarine thous. of lb._Imports # thous. of lb._Production (quarterly) :

Crude thous. of lb._Refined thous. of Ib

Stocks, end of quarter:Crude thous. of Ib _Refined - -thous. of lb__

Cottonseed and products: t *Cottonseed: t

Consumption (crush) short tons..Receipts at mills short tons..Stocks at mills, end of month_short tons..

Cottonseed cake and meal: tExports f .short tons..Production short tons__Stocks at mills, end of month. short tons..

Cottonseed oil, crude: tProduction thous. of lb._Stocks, end of month. .thous. of lb._

Cottonseed oil, refined:Consumption, factory (quarterly)

thous. of lb_.In oleomargarine.. thous. of lb__Price, summer yellow, prime, N.Y.

dol. per lb__Production f thous. of lb_.Stocks, end of month t thous. of lb._

Flaxseed and products:Flaxseed:

Imports, United States #. ..thous. of bu._Minneapolis and Duluth:

Receipts thous. of bu__Shipments thous. of bu_.Stocks, end of month thous. of bu._

Oil mills:Consumption, quarterly thous. of bu_.Stocks end of quarter ---thous. of bu .

Price, no. 1, Minn dol. per bu._Production crop estimate thous. of bu..Stocks, Argentina, end of month

Linseed cake and meal: thous' of bu"Exports thous. of lb._Shipments from Minneapolis

Linseed oil: thous. of Ib..Consumption, factory (quarterly)

thous. of IbPrice, wholesale, N.Y _dol. per lb._Production (quarterly) thous. of lb._Shipments from Minneap. -thous. of lb._Stocks at factory, end of quarter

T j j thous. of IbLard compound: m;uo. w ^._Price, tierces, Chicago* dol. per lb_.

Oleomargarine:Consumption (tax-paid withdrawals)

thous. of lb,_Price, standard, uncolored, Chicago

dol. per lb._Production -_ -thous. of lb._

PAINTSPaints, varnish, and lacquer products: §

Total sales __thous. of dol._Classified .. -thous. of dol._

Industrial thous. of dol..Trade thous of dol

Unclassified (273 estab.) thous. of doL.Plastic, cold-water paints, and calcimines:

Sales:Calcimines dollars..Plastic paints dollars..Cold-water paints dollars

CELLULOSE PLASTIC PRODUCTSNitro-cellulose:*

Sheets, rods, and tubes:Production thous. of IbShipments thous of Ib

Cellulose-acetate:*Sheets, rods, and tubes:

Production thous of IbShipments thous. of lb._

8,624

10, 27917, 990

442, 281947, 372803, 236

124197, 694170, 251

133, 97074, 034

7,428

.07581, 050

450, 012

959

1,230126

1,008

1.98/5, 228

2,75620, 935

5,553

.094

""4," 163"

.098

27, 545

.09026, 842

22, 23414, 1775,2688 9098,058

259, 13627, 31471, 828

841872

393415

76, 80524, 98344, 537

161, 82981 49813, 25133,887

96, 52679 931

132, 53016, 400

"520, 959"890 626"591,612

8,986- 23 1,539"257, 704

"159, 198"119,469

263, 3711,489

.047"78, 339

"623, 650

1,981

1,568171

1,834

6,0742,8691.88

2,36252, 481

6,508

70 824.104

113,4135,351

99, 632.068

23, 446

.09521, 553

19,09813,0075,5457 4626,091

174, 79379, 68156, 844

1,5981,450

214230

32, 530

14, 68736, 203

"643, 984°1, 128,754"1,076,382

16, 494"289, 880"313, 723

"200, 473"146, 107

1,777

.042" 157, 845"678, 205

2,515

524645

1,452

1.80

1,77256, 544

8,938

.097

~~~2,~436"

.069

22, 417

.09423, 664

18, 94412, 3264,9507,3766,618

154, 52162, 42966, 913

1,3871,277

207218

36, 312

14, 30740, 668

"583, 071"860 380"1,353,691

10, 119"263, 576"316,078a!81,935"160, 128

1,938

.045"152, 179"721,714

1,898

288629984

1.77

1,57561, 009

7,405

.096

""1,166"

.074

23, 597

.07823, 943

16, 23411, 2234,6566 5665,012

119, 73384, 65563, 942

9091,026

258279

77, 94430, 18259 831

133, 93483 06413, 02815, 971

98, 57973 395

182 82215, 562

"443, 944"388 027"1,297,774

M, 130"203, 772"312,458

"137, 182"170, 430

252, 8271,785

.043"120, 667"769, 102

484

14891

1,039

6,7602,7131.77

• 6, 806

2,362

56, 069

8,228

55, 778.095

133, 906997

157, 724.066

23, 809

.07021, 386

16, 15610, 5764,4186 1585,580

137, 96479, 79269, 745

7981,221

325352

23, 786

16, 55846, 296

a46g 444"194 086"1,022,416

14, 625"211,854"289, 024

"145, 007«18S,940

1,536

.047"109, 978"781,008

1,031

25081

964

1.90

4,33143, 239

10, 760

.093

~"~I~679~

.068

16, 861

.07017, 870

20, 64413, 4866,0157 4717,158

134,41861, 44654, 049

948930

358377

18, 079

12, 74535, 816

"443, 274"156, 696"741, 321

5,305"197, 142"289, 156

"136,949"175, 250

1,889

.051"134, 295"812, 754

1,524

11836

983

1.89

6,29937, 766

10, 025

.093

"~2~337~

.073

21, 350

.07021, 572

17, 71511, 8955,6396,2565,820

118,81149, 43750, 452

1,1521,046

436418

74, 69721, 69849, 190

178, 39978 29013, 59922, 079

95, 03276 143

192, 80814, 792

"344, 610a!07, 420"504, 131

380-161,050"265, 348

"112,032"145, 129

248, 4122,158

.051"127, 447"841, 139

1,690

15558

981

5, 1562,0511.82

7,28338, 080

9,847

63, 712.093

97, 4522,859

160, 791.074

22, 083

.08023, 616

23, 19315,6107,1058,5057,583

140, 74345, 13669, 406

1,4351,252

405351

12, 037

10, 55930, 533

"176, 268a 46 346«374, 209

203"84, 241

"252, 625

"59, 563"109, 328

2,073

.052"94, 486

"843, 168

1,144

139208793

1.82

6,69338, 136

5.513

.093

~~~3~644~

.073

16,146

.07318 023

27, 76918, 4367,590

10 8469,333

271, 92944, 70670 783

1,3841 085

510558

24, 519

9,39624, 614

"109, 367"55 546

"320, 388

78"51, 407

°219, 637

"38, 462"76,318

3,369

.050"65, 822

"804, 946

1,637

322169696

1.91

5,11831,739

6,648

.097

""§,"969"

.073

20, 063

.07018, 266

33, 67922, 1728,092

14, 08011, 507

322, 58339, 82593, 204

9731,069

512«512

65, 43920, 59935 386

177, 23672 0484,542

29, 047

84, 29197 301

174 15439, 886

"92, 258"52 407

"280, 537

366"41,011

"175,441

"29, 879"45, 794

257. 5273,718

.053"54, 643

"738, 542

806

298113646

5,0161,42]1.91

4,72434, 328

5,871

78, 189.099

98, 0263,603

128, 413.074

13, 870

.07813, 986

28, 79418, 9447,630

11 3149,851

277, 54725, 78277, 454

778946

302«265

37 352

6,31535, 742

"99 699°42 923

"222, 761

91"45, 738

"124, 572

"31 544"34, 400

4,150

.059"43, 529

"655, 552

821

16298

628

1.90

3,15033 441

5,292

.098

~~~3V735~

.078

15, 847

.08016, 363

23, 48415,91®7,4498 4617,574

211,78221,33063, 442

715748

317P220

10 079

7,76517, 210

195 761271 145300, 023

1 19590, 63396, 147

59 32238, 670

6,280

.06848, 522

543, 144

695

681152672

2.05

3,54332 126

7,628

.099

2,774

.086

25, 736

.08022, 026

24, 35116, 081§,5799 5028,270

235, 32525, 29271, 299

965956

375«383

0 Revised. • Dec. 1 estimate. /Oct. 1 estimate.* For earlier data on lard compound price see p. 18 of the January 1933 issue. Data not available for cellulose products prior to January 1933.t Revfeed series. For year ended July 1932 see p. 20 of the February 1933 issue, cottonseed, and for the year of 1932 see p. 37 of the June 1933 issue, exports of cottonseed

cake and meal. Data revised for 1933; see p. 19 of the September 1934 issue.§ Since March 1932, detailed figures are not strictly comparable owing to changes in firms reporting.# See footnote on p. 35 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue.• Data revised for year ended July 1934. Revisions for first month of fiscal year, August, as given in the October 1934 issue, are as follows: Cottonseed consumption,

235,033; receipts at mills, 236,040; stocks at mills, 221,945. Cottonseed cake and meal production, 107,335; stocks at mills, 177,948; cottonseed oil, crude production, 71,562,stocks, 59,111; cottonseed oil, refined, production, 57,393; stocks, 641,110.

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November 1934 SURVEY OF CURRENT BUSINESS 39

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October No™r

m- Decem-ber

1934

January Febru-ary March April May June July August

CHEMICALS AND ALLIED PRODUCTS—Continued

ROOFINGDry roofing felt:

Production _ _ . .... short tonsStocks, end of month short tons..

Prepared roofing, shipments:Total thous. squares.

Grit roll thous squaresShingles (all types) thous. squaresSmooth roll thous squares

15, 6676,411

12, 4345,989

2,076491437

1,147

14, 3224,341

2,582555480

1 547

10, 8194,499

1,561329342890

7,3525,003

830168157505

8,8688,037

1,046215144686

7,7226,647

1,006223178605

13, 8176,350

2,161420412

1,329

19, 8165,072

2,873536727

1 610

19,9454,677

2,334587656

1 091

17, 0216,324

1,265326388551

12, 2325,397

1,617382423812

19, 4675,687

3,656770831

2 054

ELECTRIC POWER AND GAS

ELECTRIC POWER

Consumption, industrial, for power purposes.(See Business Indexes.)

Fuel consumed in production of electricalenergy. (See Fuels.)

Production, total t mills, of kw.-hr_.By source:

Fuels f mills, of kw.-hr._Water power f mills, of kw.-hr._

By type of producer:Central stations t- ...mills, of kw.-hr..Street railways, manufacturing plants, etc.

mills, of kw.-hr..Sales of electrical energy:

Sales to ultimate consumers, total (EdisonElec Inst.) mills, of kw.-hr

Domestic service mills, of kw.-hr__Commercial — retail mills, of kw.-b.r-.Commercial — wholesale mills, of kw.-hrMunicipal and street lighting

mills, of kw.-hrRailroads:

Electrified steam mills of kw.-hrStreet and interurban mills of kw -hr

Gross revenue from sales of energy (ElectricalWorld) thous. of dol

Revenues from ultimate consumers (EdisonElec. Inst.) thous. of dol

GASManufactured gas:*f

Customers, total thousands..Domestic . thousands..House heating thousands..Industrial and commercial _ thousands .

Sales to consumers.— .millions of cu. ft..Domestic _ millions of cu. ftHou^e hea ' ing millions of cu ftIndustrial and commercial

millions of cu ftRevenue fiorn sales to consumers

*vious. of dolDomestic thous. of dol._House heating . thous. of dolIndustrial and commercial.. thous. of dol._

Natural gas: *tCustomers, total thousands..

Domestic thousandsIndust r ia l and commercial thousands..

Sales to consumers millions of cu. ftDomestic millions of cu ftIndustrial and commercial

millions of cu. ftRevenues, from sales to consumers

thous. of dol..Domestic thous. of dol..Industrial and commercial thous of dol

7,205

4,8142,391

6,844

361

0)

7,350

4,4402,909

6,911

439

5,830940

1,0413,254

176

55304

160, 080

146, 688

9,8669,372

48436

26, 20019, 882

244

5,930

30, 04624, 688

2175,028

5,3315,063

26756, 39911,869

43, 688

18, 21610, 2887 804

7,479

4,8542,625

7,026

453

5,7801,0031,0683,068

191

58332

163, 940

150, 390

9,9029,387

68438

28, 21421,017

836

6 179

31,70525, 716

6215,241

5, 3875, 109

27661,67915 135

45, 882

20, 87412, 2968 467

7,243

4,7252,518

6,788

455

5,7161,0811,1022,862

197

59353

165, 890

153, 980

9,8809,355

78437

29, 38220, 254

2 484

6 443

31,96124, 709

1,6445,476

5, 4635, 164

29874, 39323 838

49, 753

25,91116, 4349 335

7,470

4,7362,734

6,990

480

5,6911,1471,1382,662

212

63387

169, 540

156, 127

9,8569,328

81438

31,05420, 5773 659

6 636

32, 93624, 877

2,3465,577

5,4455, 145

29980, 30031 406

47, 761

29, 86520, 2719 398

7,631

4,6622,970

7,147

484

5,9111,2441,1622,748

222

62396

(i)

162, 070

9, 8599, 320

89441

33, 14321,417

4 562

6 945

34, 52725, 7272,8955,757

5,4835, 175

30693, 22239 238

53, 080

35, 40624, 85010 388

7,049

4,7512, 298

6,571

478

5, 7661, 1231,0852,831

202

62388

(i)

154,832

9,8769,335

91441

33, 42520, 9054,833

7,481

34, 24225, 1283,0195,950

5,5005, 191

30794, 34938, 402

54, 836

34, 81523, 81410, 812

7,717

4,6423,075

7,263

454

5,7961,0561,0462,971

191

66413

0)

149, 780

9,8619,318

88445

33, 84121, 2014,592

7,848

34, 48125, 3942,8516,094

5,5045,193

30992, 17737, 879

52, 898

34, 08523, 38210, 498

7,443

3,9553,488

6,981

462

5,8421,0261, 0593,119

176

59356

0)149, 852

9,9119,364

93443

31,88620, 4843,348

7,872

32, 86924, 6842,1525,900

5,4925,189

30183, 07329, 756

52, 340

29, 41819, 2549,996

7,683

4,4653,218

7,195

488

5,917967

1,0353,293

168

57349

(i)

147,915

9,9719,425

95440

30, 14920, 871

1,660

7,460

32,31325, 2241,2985,669

5,4785,184

29272,12721,143

50, 143

24, 17014, 7999,236

7,472

4,7792,693

7,040

432

5,8*2973

1,0493,273

144

55338

0)147, 337

10, 0049,461

91441

28, 65720, 441

670

7,404

31,35125, 162

5405,549

5,4845,199

28366, 50915, 106

50, 523

21, 02011,8519,035

« 7, 605

0 5,005"2,600

« 7, 176

429

5,808956

1,0603,212

150

54324

(i)

146, 529

9,9969,457

87441

25, 35818, 021

317

6 846

28, 19622, 639

2895, 165

5,4355,155

27859, 11511 256

46, 865

18, 0989,8048 135

« 7, 707a 5, 233« 2, 474

« 7,315

392

5,982957

1,0803,337

167

54334

(i)

148, 464

10, 0149, 474

89442

24, 86217, 607

274

6, 846

27, 47022,017

2565,088

5,4665,188

27658,61810, 331

47, 260

17, 6989,2998 252

FOODSTUFFS AND TOBACCO

BEVERAGESFermented mal t liquors: *

Consumption (tax-paid withdrawals)thous of bbl .

Pro 1'ietion .thous. of bbl._Stock's, end of month thous. of bbl .

D is f i l l e d spirits: *Consumption (tax-paid withdrawals)

thous of proof gal\Vhiskfy thous of proof gal

Pnvhict ion, total _ thous of proof galWhiskey thous of proof gal

Stock^, end of month thous of proof galWhiskey thous of proof ^al

DAIRY PRODUCTSBut tor

Consumption, apparent* thous. of lb_.Price, N.Y., wholesale (92 score) -dol. per lb._Production (factory) t thous. of IbReceipts, 5 markets . . . . thous. of Ib .Stocks, cold storage, creamery, end of month

thous. of lb._

137, 487.26

141, 80949, 392

124, 814

2,6692,8754,341

471256

2,3112 074

23, 16620 472

« 140, 784.24

138, 80154, 844

174, 713

2,0392,2924,460

517159

2,3112,074

25, 46422 695

143, 939.24

129, 68950, 801

160, 463

1,6781,9184,585

1 269965

2,3112 074

27,58224 917

134, 709.24

112,41347, 955

138, 166

2,1652,1194,403

4 3373,7535,7694 794

28, 69525 850

138, 550.20

111,76349, 226

111,249

2,0082,4944,762

3 4182,8287,3456 567

32, 28029 269

147, 530.20

112,43045, 882

75, 995

1,8652,4225,218

2 2811,8937,9707 211

37, 99234 496

145, 476.25

106, 44840,888

36, 853

2,6253,2635,675

2,7802,376

10, 2819,009

45, 76641 326

144, 107.25

122, 74650, 520

15,351

2,8553,7036,325

2,4052,1249,6358,828

51, 40446 386

136, 671.24

133,21847, 206

11, 838

3,7964,4556,718

2,3812,0979, 3318, 695

58, 13752 859

159, 369.24

174, 69261, 499

27, 161

4,5504,8266,868

2,3661,9748,1587,600

63, 35157, 962

138, 657.25

181, 75963, 812

70, 148

4,9395,0756,797

2,7472,2108,8148,182

68, 87263, 422

133, 067.24

171, 68261, 251

108, 748

p 4, 444p 4, 606

150, 881.27

162, 58957, 881

« 120, 4671 Revised. Preliminary. i Discontinued by Electrical World.

* New series. For earlier data see p. 19 of the May 1933 issue, manufactured gas, and p. 19 of the June 1933 issue, butter consumption. Monthly data on distilledspirits available beginning July 1933 and on fermented malt liquors, April 1933.

1 For revised data for electric-power production for 1932, see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; for manufactured gas for 1932and 1933 and natural gas for 1931, 1932, and 1933, see p. 20 of the May 1934 issue; for butter production for 1931 see p. 20 of the January 1933 issue.

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40 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

FOODSTUFFS AND TOBACCO—Continued

DAIRY PRODUCTS— ContinuedCheese:

Consumption, apparent! -thous. of lb-_Imports# .-thous. of lb_.Price, No. 1 Amer. N.Y.. -dol. per lb_.Production (factory)t thous. of lb-_

American whole milkf-- thous. of lb-_Receipts, 5 markets _ _ -thous. of lb--Stocks, cold storage, end of month!

thous. of lb-_American whole milk! thous. of lb_-

Milk:Condensed and evaporated:

Production:!Condensed (sweetened) thous. of lb._Evaporated (unsweet'ed)§..thous. of lb_.

Exports:Condensed (sweetened) thous. of lb_.Evaporated (unsweetened) -thous. of lb--

Prices, wholesale, N.Y.:Condensed (sweetened) _-_dol. per case--Evaporated (unsweet'ed)— dol. per case.-

Stocks, manufacturers, end of month:Condensed (sweetened):

Bulk goods.. _ thous. of lb_.Case goods -thous. of Ib

Evaporated (unsweetened) :Case goods thous. of lb-_

Fluid milk:Consumption in oleomargarine

thous. of lb_-Production, Minn, and St. Paul

thous. of lb-_Receipts:

Boston, incl. cream thous. of qt-_Greater New York * -thous. of qt-_

Powdered milk:Exports thous. of lb._Orders, net, new thous. of lb_.Stocks, mfrs. end of mo thous. of lb._

FRUITS AND VEGETABLESApples:

Production crop estimate thous. of bu._Shioments car lott carloadsStocks, cold storage, end of month

thous. of bbL-Citrus frui*' car -lot shipments! carloadsOnions car-lot shipments! carloads

Price, white, N.Y dol. per 100 lb~Production crop estimate thous. of bu_.Shipments car lot! carloads-.

GRAINSExports, principal grains, including flour and

meal! thous. of bu_-Barley:

Exports, including malt! thous. of bu_-Price, no. 2, Minn.-- --dol. per bu_-Production, crop estimate thous. of bu_.Receipts, principal markets*— -thous. of bu._Visible supply, end of month*- thous. of bu..

Corn:Exports, including meal! thous. of bu._Qrindings - thous. of bu_-Prices, wholesale:

No. 3, yellow (Kansas City)— dol. per bu_.No. 3, white (Chicago)- dol. per bu_.

Production, crop estimate thous. of bu_.Receipts, principal markets thous. of bu.-Shipments, principal markets --thous. of bu_.Visible supply, end of month •—thous. of bu. .

Oats:Exports, including oatmeal!... thous. of bu._Price, no. 3, white (Chicago) dol. per bu_.Production, crop estimate thous. of bu~-Receipts, principal markets thous. of bu.-Visible supply, end of month*- thous. of bu_-

Exports! - pockets 100 IbImports# pockets 100 IbPrice, wholesale, head, clean, New Orleans

dol. per lb_-Production, crop estimate thous. of bu_.Receipts, southern paddy, at mills

thous. of bbl. (162 lb.)_-Shipments to mills, total

thous. of pockets (100 lb.)-_New Orleans— thous. of pockets (100 lb.)._

Stocks, domestic, end of monththous. of pockets (100 lb.)--

8 Revised. « Dec. 1

50, 1634, 063

.1451, 20638, 20512, 840

124, 476108, 646

16, 226146, 130

7972,759

4.852.70

8,92315, 891

175, 129

6,332

" 103," 33 1"

37610, 79641,635

/I 15 96010, 405

3,8885, 8513, 682

1.006/36*> 391

14, 761

3,388

743(2)

/ 122, 2408,595

12, 403

3574,839

.81

.84f l 416 772

18, 68510,44862, 407

.86

.55/545, 938

4,88624, 241

31, 32847, 313

.039'36, 461

836

74786

1,083

estimate.

« 44, 6182,730

. 1343, 29133, 89712, 170

113,13199, 326

18, 201126, 079

3122,885

4.732.70

10, 36414, 683

208, 493

5,220

22, 812

18, 243107, 756

1849,871

15, 294

6, 530

1,7496,9043,407

2.080

17, 478

2,605

411.69

6,68714, 830

4824,645

.44

.48

21, 33310, 67559, 670

178.35

8,81549, 367

26, 98723, 034

.034

1,067

60592

1,157

44, 7703,830

.1336, 49428, 00612, 709

109, 65595, 831

19, 232109, 754

3221,927

4.732.70

10, 52313, 198

234, 665

5,344

25, 074

18,617111,298

21510, 13420, 332

16, 509

7,5158,2923,328

2.017

21,902

2,169

283.67

~~~4~315~15, 692

"2885,761

.38

.42

26, 61017, 88761, 462

105.32

5,05448, 642

78, 29615, 169

.036

2,094

96547

2,373

/Oc

39, 9784,988

.1324, 41018, 02710, 771

99, 00985, 146

13, 76673, 039

2511,843

4.732.70

9,81310, 783

225, 040

5, 765

26, 300

17, 604104, 901

1969, 512

22, 716

9,170

8,37610, 8222,018

1.965

13, 685

4,609

1,314.63

"~~2~974~15, 665

1,2838,694

.43

.44

21, 84013, 72964, 045

82.34

4,15647, 818

79, 28827, 494

.038

1,100

77396

2,7671. 1 estim

37, 1824,524

.1325, 74219, 23410, 747

91, 97077, 773

14, 70884, 972

2862,800

4.732.70

9,6649,137

210, 407

5,106

31, 349

16,713106, 185

1629,306

30, 100

«142 9816,856

7,13513,6042,195

1.997«320 353

12, 247

6,657

151.68

• 156, 9882,825

14, 635

4083,924

.43

.47• 2,343,883

16, 6227,921

69, 334

123.35

•731,5243,390

46, 503

96, 09722, 861

.039•35, 619

426

57328

2,648ate.

44, 2842,823

.1328, 43619, 82113, 788

78, 78965, 476

15, 83699, 073

4763,545

4.852.70

7,6576,394

167, 074

4,313

35, 021

17, 328104, 575

3519,732

29, 372

6,806

5,47414,4092,605

2.195

21, 748

5,325

514.71

4,41114, 102

1674,163

.45

.50

15, 0528,688

68,067

74.37

3,93844, 696

104, 95115, 338

.039

721

91067

2,488i

44, 3713,902

.1728, 96221, 53612, 366

67, 81954, 934

13,015100, 272

2532,597

4.852.70

5,9434,774

112,936

5,041

33,813

16, 25096, 427

13010, 57724, 920

4,722

3,85811,7412,125

2.506

17, 158

4,854

502.71

3,02613, 362

2444,797

.45

.49

14, 4586,812

68,384

69.36

4,02942, 307

87, 63922, 150

.039

932

85363

2,632

Prices nc

47, 8334,757

.1537, 54128, 2349,938

62, 15349, 856

16, 989131,719

2013,421

4.852.70

4,9184,875

99, 176

5,682

38, 665

18,216107, 667

31611, 19725, 006

4,367

2,13115, 7851,971

2.388

23, 634

5, 757

690.70

3,57412, 207

2475,737

.45

.51

12, 8009,017

65, 682

84.33

3,05038, Oil

142, 50435, 581

.039

496

74664

2,439

t availab

45, 4593,676

.1344, 89733, 78810, 553

65, 45052, 217

20, 532152, 401

5974,053

4.852.70

4,9375,924

117,115

4, 225

36, 732

17, 758103, 395

31610, 92327, 648

59, 8543,936

.1461, 75447, 56315, 029

71, 46958, 073

24, 907188, 688

5441,615

4.852.70

8,4589,239

151,691

4, 168

37, 908

18, 793111,196

22512, 67035, 003

2,254 ; 1,387

1,055 l 39213,039 12,3032,933 3,031

2.013 ! 1.762

19,763 : 21,467

6,220 ! 5,182

425 408.68 ! .72

2,67810,911

2094,690

0).49

8,6329,471

57, 396

95.32

2,73632, 902

58, 65644, 493

.039

191

43652

2,215

e.

3,5029,301

3715,271

0).55

8,07215, 87746, 808

68.35

5,00226, 205

41, 26752, 973

.039

191

41757

1,896

21

45, 3523,897

.1566, 54553, 22214, 392

96, 96079, 925

22, 103210, 750

1,2762, 562

4.852.70

10, 10513,912

153, 149

3,461

35, 202

19, 168110,931

30914,69140, 315

756

10, 1402,872

1.541

25, 687

1,884

139.85

3,8138,317

2486,738

.57

.62

9,57911,35338, 518

81.43

2,81122, 524

89, 19759, 149

.039

183

52535

1,575

Mscontim

46, 9323, 213

.1362, 68249, 10616, 487

115,84297, 018

16, 997190, 089

1, 2613, 278

4.852.70

9,92117,156

205, 545

3,900

31, 899

20, 766110,460

209°13, 184°43, 007

1,145

8,1281,303

1.200

18, 748

759

165(2)

3, 5096,946

5185,721

(0.66

26, 56813, 61044, 830

76.45

3,38821, 445

75, 29658, 464

.039

153

48371

1,267

led.

54, 8743,511

.1557, 88744, 65017,257

"122, 495°103, 805

19, 425175, 125

9855,066

4.852.70

«9,21017, 432

"167,864

5,184

27, 988

19, 291103, 812

31911,601

0 42, 838

1, 897

7,0512,342

.894

11,513

3,371

789(2)

8, 5569,006

471°4, 042

.78

.76

41,44717, 48860, 451

69.49

7,23124, 605

59, 42146, 173

.039

°244

55578

972

* New series. For earlier data see p. 20 of the November 1932 issue, barley, receipts of milk in Greater New York, p. 20 of the August 1934 issue.t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: For 1931 on apparent consumption of cheese, production of total and

American whole-milk cheese, and production of condensed and evaporated milk, p. 20, January 1933. For earlier data on stocks (cold-storage holdings) of total and Americanwhole-milk cheese, p. 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For 1933, car-lot shipments of apples, citrus fruits, onions, andpotatoes, p. 39, April 1934. For 1932 exports of rice, p. 39, June 1933. For revised figures on 1933 exports of grains (total), barley, corn and rice for months, see p. 20 of Sep-tember 1934 issue.

# See footnote on p. 35 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue.§ Bulk evaporated milk not included since December 1931. • Visible supply east of Rocky Mountains as reported by Dun & Bradstreet.

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November 1934 SURVEY OF CURRENT BUSINESS 41

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October

FOODSTUFFS

Novem-ber

AND

Decem-ber

1934

Januaryj ™J" March April May June July!

TOBACCO— Continued

August

G RAINS— ContinuedRye:

Exports, including flour thous. of bii-^Price, no. 2, Minneapolis dol. per bu.-

Receipts, principal markets*___thous. of b u _ -Visible supply, end of month*, thous. of b u ~ ~

Wheat:Exports:!

Wheat, including flour thous. of bu-_"Wheat only thous of buValue, wheat and flour. (See Foreign

Trade.)Prices, wholesale:

No. 1, Northern, Spring, Minn,dol. per bu.~

No. 2, Red, Winter, St. Louis.. dol. per bu.-No. 2, Hard, Winter, K.C dol. per bu_.Weighted average 6 markets, all grades

dol. per bu..Production, crop estimate, total

thous of bu

^Vinter wheat thous of buReceipts thous. of bu_-Shipments thous. of bu_.Stocks visible supply world thous of bu

Canada thous of buUnited States * thous of bu

Stocks, held by mills (quarterly)thous of bu

Wheat flour:Consumption (computed) t thous of bblExports thous. of bbL_Grinding of wheat thous. of bu-_Prices, wholesale:

Standard Patents, Minn.____dol. perbbL-Winter, straights, Kansas City

dol. per bbl -Production:

Flour, actual (Census) thous of bblFlour prorated, total (Russell's) t

thous. of bbl _Offal thous of IbOperations, percent of total capacity

Stocks, total, end of month (computed)thous. of bbl

Held by mills (Quarterly) thous of bbl

LIVESTOCK AND MEATS

Total meats:Consumption, apparent mills, of lb--Production (inspected slaughter)

mills, oflb--Stocks, cold storage, end of month, total

mills, o f lb .Miscellaneous meats mills of lb

Cattle and beef:Beef and veal:

Consumption, apparent. ..... thous. of lb-_Exportsf - thous. oflb..Price, wholesale:

Beef, fresh native steers, Chicagodol. per l b _ -

Production, inspected slaughterthous o f l b

Stocks, cold storage, end of monththous. of lb_.

Cattle and calves:Movement, primary markets:

Receipts thous of animalsSlaughter, local thous of animal^Slaughter, inspected. (See Leather and

leather products.)Shipments, total thous. of animals...

Stocker and feeder._thous. of animals--Price, wholesale, cattle, corn fed, Chicago

dol. per 100 lb~Hogs and products:

Hogs:Movement, primary markets:

Receipts thous of animalsSlaughter, local thous of animalsSlaughter, inspected. (See Leather

and leather products.)Shipments, total .thous. of animals. .Stock er and feeder thous. of aniinals.-

Price, heavy, Chicago dol. per lOOlb..Pork, including lard:

Consumption, apparent... thous. oflb-..Exports totalt thous of ib

Lardf - ...thous. of l b _ -Prices:

Hams, smoked, Chicago.. _ _ _ dol. perlb..Lard:

Prime contract, N.Y_.__._dol. per lb_.Reliued, Chicago* dol, per lb_.

2. 87

/ 17 2611,401

1.1,776

2,199109

1.251.041.08

1.19

/496 982/96 460

/400 52219, 08214, 767

222, 260119 001

160 904

443

7 5')

h 22

8 473

! 8521 105

I," 683"

! , 141

! 92,696

' 3 777< 2 140

' 1, 071! 550i! 9.36

1

1 2 093i ] 531j

\ 561! 67; 7. 23

| 4| (}5Q| 31,506

| .184

'• . 102I .116

3.71

1,70412,968

1,53143

.90

.89

.87

.89

22, 60413, 568

515 950213,356153 438

173 884

8 063317

34, 473

6.93

5.93

7,540

8,769609 599

46

5,3503 825

1,163

1,066

94065

465, 1551,859

.094

466 068

51, 198

1 6531 004

638261

6.23

6 4945 552

1,032"36

4.04

637, 56561 15748, 743

.124

.060,067

3.62

66813,158

1,49024

.85

.86

.83

.84

17, 62417, 473

516,580244, 965149, 719

8,749312

37, 371

6.75

5.50

8,181

9,171656, 225

50

5,460

1,205

1,077

73950

489, 5011,060

.096

494, 763

59, 233

2 1781,160

971528

5.77

2 5211 699

81333

4.49

652, 09761 86449,812

.122

.057

.069

0.62

1,50114, 153

1,930513

.86

.90

.84

.87

11,61215, 551

501,060242, 478138,505

8,848302

37, 067

6.90

5.60

8,116

9,158653, 267

52

5,500

1,160

1,251

77354

436, 9601,678

.090

445, 009

70, 010

1 699993

731381

5.26

3 2072 382

82828

4.15

670, 86663 70547, 563

.127

.059

.071

0.60

•21 236430

13, 735

5,9754,152

.83

.87

.80

.83

•527, 978•176 370•351,608

11,15111,685

532, 920241, 084129, 574

153, 635

8,607388

33, 492

6.65

5.40

7,332

8,062589, 978

47

4,5674,634

1,038

1,231

91165

415, 5161,924

.082

423, 351

79, 232

1 343854

491176

5.32

3 3322,406

92929

3.31

567,71767 45354, 838

.119

.051

.059

0.64

40212, 936

4, 5702,867

.88

.91

.84

.88

8,7478,921

582, 140233, 368113, 671

8,759362

39, 903

6.84

5.63

8,719

9,564706, 100

54

5,010

1,272

1,465

1,04871

499, 2921,389

.089

492, 762

72, 948

1, 6431, 098

i 527165

5.55

1 4 231i 3, 010

1, 20741

3.38

715,88062 61751, 202

.118

. 057j .062

0.61

23612, 032

4,0392,667

.90

.91

.85

.91

10, 0098,087

558, 440227, 060104, 554

8,633292

36, 029

6.83

5.55

7,867

8,677639, 724

55

4,761

— — —

1,000

1,052

1,04366

438, 8081,778

.090

431, 000

64, 745

1 404952

437121

5.83

2 7271,853

87334

4,27

512. 27550 71536,908

.120

.066| .071

0

.59

18111, 621

4,7333,065

.88

.89

.82

.88

9,06410,231

532, 980220, 75994, 504

115, 247

9,171355

38,320

6.64

5.40

8,362

9,465674, 587

50

4,7004,157

1,052

1,015

94556

463, 9462,670

.092

454, 655

55,848

1 500999

495138

6.51

2 4681,679

80137

4.33

536, 04452 11439, 493

.136

.067I .077

9.57

25111,002

5,4823,576

.83

.83

.78

.83

8,4086,492

495 150211,09186 856

7 963406

34, 187

6.34

5.28

7 455

8,298607 078

48

4,764

1,015

1, 057

93552

448, 9262,063

.099

437 914

46, 590

1 5921 045

518147

7.44

2 6741 883

781! 28

3.87

; 518,5871 40 7g2

1 39,350

.138

! .071I . 073

0.60

1,36810, 505

4,3351, 456

.94

.87

.86

,94

12, 47914, 566

463 660196, 86977 631

9 052270

37, 089

6.84

5.48

8 103

9,208657 205

50

4,650

1,178

1,241

92053

499, 8051, 514

.123

493 768

42, 546

1 8091 209

592162

8.23

1 '5 076! 2 272

798;• 39

3.58

631,25079 94266! 167

.136

.066

.070

.69

1,90311, 452

1,415387

1.09,91.89

.95

23, 44515,447

451, 860190,71779, 395

102, 968

8, 487219

34, 476

7.05

5. 79

7,507

8,407613 279

46

i, 5703 914

1,085

1,142

93261

461,9051,356

.113

463 411

45, 471

1 812l' 225

585139

8.57

2 6841 934

75945

4.34

577, 15656 25141, 008

.156

. 068

.073

0.74

2, 24612, 208

2, 168826

1.10.92.93

,95

49, 70816, 831

477, 190185, 120117,973

7 550286

33, 701

7.18

6.01

7, 325

7,966600 486

47

4,700

981

1,076

99478

440, 0432,250

.U4

453 986

61, 545

2 9851 672

1,231470

8.40

2 519\ 777

73246

4. 85

"493, 58051 24333, 466

.171

.072i .081

0,m847

11,798

2, 0421 77h

1 171. 01LOT

L 15.

23, 04513,934

491 130188, 710121 727

8 X91435

« 39, HS'j

7. -0-

a 1 10 8, 6M

9, 42Aa 704 29S

52

4, 920

1, (Art

l.OOS

*8H1» 90

483, 9742, 269

. 125

498 457

• 80, 075

4 2342 180

2,04i802

8. 50

o Q(}71 420

64559

6.19

551, 04145 64429, 358

.172

. 090, 01)9

« Revised. * New series. For earlier data, see p. 20 of the November 1932 issue, rye; and p. 18 of the January 1933 issue, wholesale price of lard,f Data revised. For revisions on wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p. !9 of the August 1933 issue. For revisions

of beef and veal exports for 1932, see p. 40 of the June 1933 issue. For revised export data for 1933, see p. 20 of the September 1934 issue.• Dec. 1 estimate./ Oct. 1 estimate.• Visible supply east of Rocky Mountains as reported by Dun & Bradstreet.Digitized for FRASER

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

Page 44: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

42 SUEVEY OF CURKENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

FOODSTUFFS AND TOBACCO— Continued

LIVESTOCK AND MEATS— Continued

Hogs and products— Continued.Production, inspected slaughter, total

thous. of Ib .Lard -thous. of lb._

Stocks, cold storage, end of mo.thous. of lb._

Fresh and cured thous. of lb._Lard thous. of Ib..

Sheep and lambs:Lamb and mutton:

Consumption, apparent thous. of lb__Production, inspected slaughter

thous. of lb._Stocks, cold storage, end of mo.

thous. of lb._Movement, primary markets:

Receipts thous. of animals..Slaughter local thous. of animals. _Slaughter, inspected. (See Leather and

leather products.)Shipments total thous. of animals. _

Stocker and feeder thous. of animals. .Prices, wholesale:

Ewes Chicago dol. per 100 lb__Lambs Chicago dol. per 100 lb._

Poultry and eggs:Eggs:

Receipts 5 markets thous. of cases ..Stocks, cold storage, end of month:

Case thous. of cases..Frozen - thous. of l b _ _

Poultry:Receipts 5 markets tnous. of l t > _ _Stocks, cold storage, end of mo.

thous. of lb__

TROPICAL PRODUCTSCocoa:

Imports # - long tons..Price, spot, Accra, N.Y dol. per lb_.Shipments, Gold Coast and Nigeria

long tons..

Clearances from Brazil, totaLthous. of bags..To United States thous. of bags..

Imports into United States #.thous. of bags..Price, Rio No. 7, N.Y dol. per Ib...Receipts at ports, Brazil thous. of bags..Stocks, world total, incl. interior of Brazil

thous. of bags..Visible supply, total excl. interior of Brazil

thous. of bags. _United States— thous. of bags..

Sugar:Raw sugar:

Cuba:Stocks, total, end of month

thous. of long tons..United States:

Meltings 8 ports f long tonsPrice, wholesale, 96° centrifugal, New

York dol.perlb..Receipts:

From Hawaii and Puerto Ricolong tons..

Imports t $ long tons3 tocks at refineries, end of mo. f

long tons..Refined sugar:

Exports, including maple t long tons..Price, retail, gran., N.Y dol. per lb_.Price, wholesale, gran., N.Y— dol. per lb_.Receipts:

From Hawaii and Puerto Rico* long tons. _Imports:

Cuba* long tonsPhilippine Islands* long tons..

Shipments, 2 ports _ long tonsStocks, end of month, 2 ports.-.long tons..

Tea:Imports # - -. - thous. of IbPrice, wholesale, Formosa, fine, N.Y

dol. per lb__

MISCELLANEOUS PRODUCTS

Candy sales by manufacturers. -thous. of dol__Fish:

Landings, fresh fish, principal portsthous. of lb_

Salmon, canned, shipments . casesStocks, total, cold storage, 15th of month

thous. of Ib

652, 081524, 234127, 847

2,399

3,3241,384

1,931774

2.095.56

665

6,80399, 881

24, 725

55, 271

18, 973

3,441

1,467783919

.0951,047

8,302818

1,764

350, 048

.029

98, 415683

501, 240

13, 369.055.047

3,089

118, 9820

73,21116, 805

7,426

.215

24, 420

73, 648

539, 848108, 085

822, 498630, 437192, 061

60, 116

60, 540

1,886

2,9111,277

1,622498

1.886.34

733

7,46693, 182

24, 862

50, 177

22, 056.0470

10, 260

1,465770834

.0741,836

23, 598

6,957976

2,081

277, 642

.036

108, 023177, 152

311,462

4,020.052.046

11, 671

27,971

49, 90932, 649

9,496

.175

21, 553

30, 542603, 692

51,475

518, 29498, 180

627, 001493, 308133, 693

63, 210

63, 897

2,511

3,2681,351

1,904857

1.886.40

651

5,17582, 302

32, 098

59, 528

11, 346.0420

11, 409

1,274602

1,019.074

1,646

24, 725

7,179945

1,598

258, 209

.033

63, 845170, 729

290, 416

4,427.051.045

4,279

86, 122

36, 46425, 984

10, 929

.175

22, 598

33, 595318, 730

55, 928

752, 912143, 491

645, 531529, 454116, 077

52, 543

52, 952

2,888

2,0641,068

1,031462

1.886.28

514

2,64172, 348

80, 502

91,211

10, 903.0458

22, 126

1,448873838

.0741,434

0)

7,345966

1,292

264, 289

.032

53, 354160, 908

248, 054

4,900.052.044

513

29,664

35, 63623, 473

6,418

.175

22, 303

21, 170200, 074

58, 338

751, 663150, 287

762, 206629, 696132, 510

54, 869

56, 026

4,012

1,7741,033

739143

2.446.59

590

73161,419

70, 640

123, 503

9,581.0419

44, 599

1,426752

1,144.081

1,520

0)

7,5901,076

1,212

179, 119

.032

30, 840105, 123

203, 513

5,965.052.043

873

27, 268

34, 66826, 360

7,670

.175

22, 319

17, 043312, 064

57, 188

915, 320188, 461

899, 160730, 404168, 756

56, 556

56, 799

4,183

1,8181,132

691116

2.757.23

808

5049, 910

31,531

120, 177

19, 146.0472

52, 253

1,877997

1,100.091

1,419

0)

7,7181,038

926

237, 313

.032

79, 790173, 846

256, 031

3,560.052.042

13, 203

30, 985

39, 92522, 701

6,938

.181

20, 516

16, 739403, 556

44, 660

573, 708115, 974

910, 000733, 956176, 044

48, 605

47, 519

3,052

1,454902

54779

4.188.33

1,165

9039, 181

19, 336

101, 776

16, 919. 0520

47, 607

1,476779

1,353.107

1,381

0)

7,564980

1,335

259, 470

.033

192, 519114,484

291, 644

4,187.051.044

9,981

16, 478

48, 26721, 950

4,696

.185

19, 538

18, 185513, 130

32, 712

508, 99399, 612

830, 997657, 222173, 775

52, 039

51,097

2,024

1,570957

62581

5.008.63

1,824

1,20838, 679

16,435

74, 197

30, 502.0540

42, 235

1,242636

1,305.109

1,534

0)

8,0841,025

1,862

289, 666

.031

205, 989173, 838

406, 345

4,248.051.044

13, 596

10,879

53, 04530, 282

6,578

.185

21,951

24, 782449, 736

18, 481

572, 457113,056

835, 185656, 087179, 098

47, 676

46, 976

1,281

1,838959

872135

4.758.90

2,051

4,64062, 632

13, 347

49, 212

26, 539.0539

22, 287

842425996

.1041,212

31, 118

8,600891

2,422

272, 885

.028

155, 446214, 079

516, 505

4,246.051.044

15, 294

9,913

45, 88331, 164

4,493

.193

16, 792

37, 906229, 108

15, 883

699, 676137, 597

823, 808641, 568182, 240

47, 166

47, 286

1,363

2,1141,014

1,104155

3.008.97

1,927

7,81993, 947

19, 604

39, 790

8,044.0561

9,850

903418790

.103780

29, 309

8,564932

2,475

344, 352

.028

146, 258250, 111

561, 680

5,622.051.041

14, 180

16, 47321,51276, 93425, 147

4,389

.199

16, 884

34, 848203, 316

20, 189

633, 062124, 069

823, 560628, 425195, 135

45, 709

45, 829

1,450

1,810918

891115

1.637.24

1,452

8,965116, 058

22, 755

40, 609

10, 843.0572

10, 568

1,449546736

.102901

27, 141

8,526886

2,364

350, 731

.029

149, 087197, 640

537, 831

4,649.052.045

12, 366

24, 7283,323

58, 69422, 373

5,419

.215

12, 945

630, 699263, 883

34, 285

574, 229107, 101

853, 063643, 566209, 497

47, 452

47, 551

1,518

2,152998

1,155190

1.785.91

1,009

8,961121, 564

22, 417

44, 904

10, 456.0535

10, 798

787512788

.095919

8,496955

2,212

300, 448

.032

188, 19653, 117

"633, 593

6,376.055.047

11, 039

43, 939590

70, 54518, 918

6,471

.215

10, 010

33, 392496, 061

50, 582

452, 67278, 125

a 709, 165° 542, 0100 167, 155

57, 083

57, 2150 1, 608

2, 6151,106

1,482390

1.475.59

828

« 7, 938"111,994

21,861a 46, 053

10.914.0535

15,803

1,077649758

.0971,245

8,499916

2,041

307, 685

.033

73, 18091,212

« 626, 796

9,494.055.047

536

79, 4990

68, 60910, 228

9,193

.215

16, 433

37, 791832, 225

62, 577° Revised.* New series. For earlier data, see p. 20 of the Aug. 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to

May 1934 not available on refined sugar from Philippine Islands.t For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue. For 1932 revisions of sugar imports and exports, see p. 41 of the June 1933

issue. For revisions of exports in 1933, see p. 20 of the Sept. 1934 issue.# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the Oct. 1934 issue.1 Data not available'

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

Page 45: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

November 1934 SUEVEY OF CURRENT BUSINESS 43

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

FOODSTUFFS AND TOBACCO—Continued

TOBACCOLeaf:

Exports f thous. of lb__Imports, unmanufactured # thous. of lb._Production, crop estimate thous. of lb__Stocks, total, including imported types

(quarterly) - ._ mills, of Ib _Flue-cured, fire-cured, and air-cured

mills, of IbCigar types mills of Ib

Manufactured products:Consumption (tax-paid withdrawals):

Small cigarettes millionsLarge cigars _ _ thousandsManufactured tobacco and snuff

thous. of l b _ _Exports, cigarettes.. .thousands. .Prices, wholesale:

Cigarettes dol. per 1,000 .Cigars dol. per 1,000

53, 0975,989

/1,091,764

10 294394. 862

27, 234260, 409

5. 38046. 839

42, 3962,349

2,009

1,529389

9,528423, 600

29, 133271,311

4.85146 062

66, 2171,911

9, 176408, 452

30, 546272, 496

4.85146. 519

44, 2282,776

6, 835415, 347

25, 407238, 329

4.85146. 461

62, 5684,198

•1,385,107

2,182

1,718377

7,800276, 690

21, 686271,219

4.85146. 461

26, 9974,218

11,483337, 292

30, 846283, 784

5.27446. 616

28, 4065,449

9, 168299, 214

28, 351188,956

5.38046. 893

44,4114,228

2,435

1,957384

9,333354, 165

31, 478246, 278

5. 38046 839

41,3424, 775

9, 294345, 067

27, 260344, 740

5.38046. 839

31, 3804,548

11, 174380, 450

29, 056336, 264

5.38046. 839

29, 5636,139

2,204

1,727387

12, 045404, 456

29, 420252, 609

5.38046 839

19,0135,209

11 355378, 056

28, 691225, 387

5. 38046 839

25, 6053, 830

11 810425 453

30, 948310,334

5.38046 839

FUELS AND BYPRODUCTS

COALAnthracite:

Exports thous. of long tonsPrices:

Retail, composite, chestnutdol. per short ton_.

Wholesale, composite, chestnut tdol. per short ton_.

Production f thous. of short ton? _Shipments f thous of short tonsStocks, in storage thous. of short tons.-Stocks, in yards of dealers, end of month

no. of days' supplyBituminous:

Consumption:Coke plants thous. of short tons .Electric power plants f

thous. of short tons_-Railroads thous of short tonsVessels, bunker thous. of long tons

Exports . thous. of long tonsPrice, retail composite, 38 cities

dol. per short ton--Prices, wholesale:

Composite, mine run._.dol. per short ton..Prepared sizes (composite)

dol. per short ton--Production f thous. of short tons..Stocks, consumers, end of month

thous of short tons

COKE

Exports thous. of long tonsPrice, furnace, Connellsville

dol. per short ton._Production:

Beehive t - thous. of short tonsByproduct f thous. of short tons..Petroleum thous of short tons

Stocks, end of month:Byproduct plants thous. of short tons..Petroleum, refinery thous. of short tons..

PETROLEUM AND PRODUCTS

Crude petroleum:Consumption (run to stills). ..thous. of bbl__Imports # thous. of bbl__Price, Kansas-Oklahoma dol per bblProduction f thous. of bbl _Refinery operations _ _ pet. of capacityStocks, end of month:

California:Heavy crude and fuel oiL.thous of bbl_.Light erude • thous. of bbl__

East of California, total f • thous. of bbl .Refineries f • thous. of bbl__Tank farms and pipe linesf thous. of bbl .

Wells completed f * numberMexico:

Exports.... thous. of bbl_.Production thous of bbl

Venezuela:Exports thous. of bbl__Production thous. of bbl._

90

13. 05

9. 7603, 9773,401

80

3,241

2,743

981,033

8.31

4.192

4. 43527, 670

25 175

114

3.73

552,175

2,846

~~~37270~.940

2,573

10, 58612. 076

125

13.12

9.9624,9934 2221,267

63

4,020

2,6744 759

122976

7.94

3.722

3.82929, 500

34 095

85

2.63

632,708

139

3,080987

75, 3162, 069.768

78, 18671

94, 92635, 076

315,87856, 452

259, 426955

9472 606

9,95910. 182

85

13. 23

9.9314,7114, 1471, 351

3,805

2,8265, 159

134811

8.08

3.929

4. 11929, 656

72

3.47

472,579

139

3, 053891

75, 4611,758.940

76, 01769

92, 50735, 568

312,81554, 458

258, 3571,070

1,2782 428

10, 09610, 728

83

13.26

9.9264,8114,0981,293

38

3,536

2,7385,002

1401,000

8.18

3.963

4.16730, 582

34 143

56

3.75

982,341

118

3,043760

68, 4611,875.940

69, 75565

90, 24235, 399

311,75855, 837

255, 921992

1,1842.900

10, 39810, 717

71

13.24

9.9224, 4244,0121, 106

34

3,694

2,8274,984

91448

8.18

3.961

4.16429, 600

32, 840

39

3 75

952,451

129

2,850727

70, 4402,876.940

72, 06065

87, 826°34, 104

°312, 07057, 048

255, 022905

2, 5823,259

10, 55811, 084

96

13. 25

9.9126, 1255, 189

725

29

3,774

2,8175, 256

73369

8.24

3.972

4.17832, 916

39

3.63

972,476

127

2,347637

71,5123,011.940

71, 97666

86, 86933, 864

311,65955, 458

256, 201910

1,9793,114

9,84410, 860

99

13.27

9.8815, 9525, 198

316

19

3,832

2,8715,180

70382

8.22

3.974

4.21031,970

27, 100

55

3.50

1182,493

121

1,808595

66, 4702,416.940

65, 45069

83,81233, 350

309, 86455, 582

254, 282810

2,1482,862

9,1999,769

88

13.27

9.8786,4185, 356

308

17

4,578

2,8215, 759

90490

8.23

3.972

4.21638, 497

28, 371

45

3.43

1502,969

126

1, 713565

71, 8072,272.940

75, 54867

81. 58434, 093

311,57656, 383

255, 193930

2, 2603,192

10, 26810, 900

71

12. 94

9. 459

4,173690

44

4, 306

2,3914,837

81675

8.18

4.120

4. 23324, 772

27,711

25

3.59

612,875

101

1,964553

73, 5632,877.940

75, 79671

78, 96533, 889

312, 00555, 482

256, 523914

2,1793,206

9,96211, 028

125

12.34

9.0845,2504, 4911, 165

59

4,757

2,6524,804

1221,074

8.13

4.179

4.21728, 100

28, 490

52

3.64

513,192

74

1, 948515

76, 2583,442.940

79, 87070

76, 60433, 721

313, 84057, 069

256, 7711,112

2,1672,715

10, 72311, 542

89

12.40

9. 2164, 1843, 4951,541

61

4,459

2,8014,553

107991

8.18

4.200

4.23626, 424

0 23, 593

66

3.73

512,990

104

2,047504

76, 0543,947.940

80, 04072

74, 81533, 802

315, 05156, 526

258, 5251,126

2,0372,923

10, 82211, 203

82

12. CO

9. 4513, 4432, 9741 , 769

65

a 3, 529

« 2, 9444, 543

1011, 108

8.23

4. 185

4. 34325, 280

a 30, 387

105

3.73

512,381

96

2,312494

79,8122,561.940

81, 54873

73, 83434, 247

312,67355, 694

256, 9791,182

2, 6213,299

10, 57611,976

87

12.83

9.5983, 5843 1102, 023

79

3, 376

« 3, 007

1191,036

8.30

4.199

4.39327, 462

« 24, 441

127

3.73

442,280

101

2,648478

79, 6982, 621.940

79, 05872

71, 20734, 660

307, 88455, 178

252. 7061,216

2,099

10, 66112,233

0 Revised.t Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Exports of tobacco for 1932, p. 42, June 1933. Data revised for 1933, for

revisions of such months not shown above see p. 20 of the September 1934 issue; 1932 final revision of anthracite and bituminous coal production, p. 42, January 1934; anthra-cite shipments for 1932, p 42, December 1933; consumption of bituminous coal by electric power plants, p. 42, May 1933; beehive and byproduct coke for 1932, p. 43, Decem-ber 1933. Data revised for 1933. Beehive and byproduct coke see p. 43, July 1934. Crude petroleum production, stocks, east of California (total), at refineries and at tankfarms and pipe lines, and wells completed, for 1932, p. 56, November 1933.

• Statistics as of Aug. 31, 1933, and subsequent months are not comparable with the figures for earlier months because of revisions and transfers from one kindof storage to another as a result of the new form of report to the Petroleum Administrative Board. The Bureau of Mines has not found it possible to reconcile these figuresand will report them henceforth to compare with the August data. The Aug. 31 figures on the old basis are on p. 42 of the November 1933 issue.

0 New basis, as of Dec. 31, caused by 1,089,000 barrels being classified as fuel oil# See footnote on p. 35 of this issue. Data revised for 1933. See p. 20 of the October 1934 issue,t Price converted to short-ton basis.« Dec. 1 estimate./ Oct. 1 estimate.Digitized for FRASER

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44 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey j

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber January Febru-ary

1934

March April May Junej

July i Au

FUELS AND BYPRODUCTS— Continued

PETROLEUM AND PRODUCTS -Con.Refined products:

Gas and fuel oils:Consumption:

Electric power plants! thous. of bbl—Railroads thous. of bbl—Vessels, bunker thous. of bbl —

Price, fuel oil, Oklahoma, 24-26 refineriesdol. per bbl—

Production:Residual fuel oil*! . -thous. of bbl—Gas oil and distillate fuels*!

thous. of bbl—Stocks:

Residual fuel oil, east of California*! Athous. of bbl—

Gas oil and distillate fuels, total*thous. of bbl—

Gasoline:Consumption! thous of bblExports* - thous of bblExports, value. (See Foreign Trade.)Price, wholesale:

Drums, delivered, N.Y dol. per galRefinery Oklahoma dol. per gal

Price, retail, service station, 50 citiesdol. per gal—

Production:At natural gas plants! thous. of bbl .At refineries! thous. of bbl

Retail distribution (41 States)!mills, of gal—

Stocks, end of month:At natural gas plants... .-thous. of bbl—At refineries! _ .thous. of bbl

Kerosene:Consumption! _ _ -thous. of bblExports thous of bblPrice, 150° water white, refinery, Pa.

dol. per gal—Production thous. of bbl —Stocks, end of month . _thous. of bbl

Lubricating oil:Consumption! _ _ -thous. of bblPrice, cylinder oil, refinery, Pa.

dol. per gal—Production thous. of bbl .Stocks, refinery, end of mo.-thous. of bbl—

Other products:Asphalt:

Imports# thous. of short tonsProduction! thous of short tonsStocks, refinery, end of month

thous. of short tons..Coke. (See Coke.)Wax:

Production .. -thous. of IbStocks, refinery.end of mo.. thous. of Ib—

840

" 2,350"

, 725

1, 677

. 155

.046

789

. 047

. 160

1

9042,9532,669

.563

20, 143

6,375

18, 824

20, 160

34, 3031,802

.174

.052

.145

2,79136,581

1,030

66128, 747

3,375726

.0484,0048,343

1,426

.1832,0467,007

0218

253

42,28080,300

9433,2922,397

.620

20,819

7, 157

20, 315

20, 454

32, 9732,455

.177

.051

.143

2,98135,971

962

57228,572

3,406922

.0533,9937,987

1,507

.1902,1156,776

3234

242

47, 32075, 803

9183.1541,511

.650

19, 004

6,391

18, 957

19, 016

30, 2622,771

.177

.050

.142

2,93132, 891

931

60927, 308

3,7261,045

.0534,0057,217

1,538

.1902,3757,075

1156

259

43, 68072, 751

9543,1182,705

.663

18, 962

7,252

« 17, 660

' 16, 212

28, 7871,452

.177

.050

.143

3,00531, 685

841

'992« 34, 760

4,143851

.0524,289

' 6, 557

1,667

.1902,212

« 7, 030

A

151

255

41, 72068, 833

9103,1662,646

.690

19, 847

7,691

16, 134

14, 136

29, 4161,797

.165

.048

.139

3,02433, 462

852

99237, 774

4,245576

.0484,5076,228

1,440

.2082,1987,020

145

304

46, 48078, 934

8752,8902,399

.750

18, 183

7, 155

14, 233

12, 322

25, 0481,772

.166

.048

.142

2, 79530, 472

788

97941, 852

4,154716

.0453,9615,299

1,302

.2201,8657,120

1106

331

39, 20083, 791

8123,2502,782

.738

20, 539

8,004

14,044

10, 658

30, 5282,235

.158

.044

.136

3,01932,705

940

1,02242, 578

4,218657

.<K84,5764,986

1,643

.2202,1526,837

0156

371

43, 12086, 644

7553, 1 182, 457

.750

19, 344

7, 563

15, (573

11,403

32, 7352, 436

.145

.045

.136

2, 92634, 097

978

1,27640,914

3, 6541,148

. 0484,6474,822

1,651

.2202, 3226,796

205

378

39, 48091,703

8013,1742,652

.750

20, 297

7,761

16, 501

13, 174

38, 1411,643

.150

.048

.139

2,90735, 194

1,061

1,51736, 507

3,222648

.0474,5485, 470

1,941

.2192,5776,773

1250

382

41, 720101, 551

8323,2342,530

.750

20, 136

8,042

19, 249

16, 313

36, 2961,780

.155

.046

.141

2,83834,850

1,070

1,64633, 885

2,372962

.0484,2066,335

1,569

.2082,2116,752

3278

358

40, 320108, 087

3,2422, 412

.725

20, 380

7, 651

21, 507

19,603

o 37, 3951, 495

.155

.045

2,96037, 023

1,090

1,59033, 135

2,815751

.0164,2566,998

1,491

. 1832,2096, 782

3318

359

34, 160115, 137

*

2^

21

3J

3'

3(

t

t

311

LEATHER AND PRODUCTS

HIDES AND SKINSImports, total hides and skins!#_thous. of Ib—

Calf and kip skins.— thous. of IbCattle hides... thous. of lb._Goat skins thous. of IbSheep and iamb skins . thous. of Ib—

Livestock, inspected slaughter:Calves thous. of animalsCattle thous. of animalsHogs - thous. of animals—Sheep . thous. of animals

Prices, wholesale:Packers, heavy native steers, Chicago

dol. per Ib...Calfskins, no. 1 country, Chicago

dol. per Ib—Exports:

Sole leather thous of IbUpper leather! • , thous. of sq. ft—

Production:Calf and kip* ..._ _thous. of skins—Cattle hides*! thous. of hides—Goat and kid* —thous. of skinsSheep and lamb*! thous. of skins.-

Prices, wholesale:Sole, oak, scoured backs (Boston) dol. per Ib,Upper, composite, chrome, calf, black, "B"

grade—— _ _ _ _ _ _ d o l . persq. ft—

10. 879806

2, 4083, 9062, 409

8311,7862, 6011,734

U99

. 093

1255, 354

. 297

36, 3543,191

17, 4888,2915,083

405821

3,0381,609

.132

.174

1246,315

1,1131,4394,0053,239

.39

.349

32, 6454,192

14, 4507,9014,086

455861

3,0581,668

.103

.158

1135,290

1,1261,5383,9943,290

i -35

.344

21, 5962,405

10, 2275, 3182, 378

424111

4,5011,356

.103

.156

1026,703

1,0631,6233,7862,630

.31

.337

20, 7652,1047,7626, 8432,541

402721

4,5301,390

.099

.167

1566,684

1,0131,5203,7632,322

.32

.350

18, 6622,8405,8076,1402,494

471831

5,3911,407

.101

.144

2526,160

9811,6404,2902,580

.32

.352

17, 6831,5805, 8375,8373,315

437733

3,4331,159

.103

.137

1364,859

8791,6624,0743,558

.31

.352

20, 7091,8566,3887,5983,457

534771

3,0391,242

.096

.121

2826,144

9111,7384,3583,690

.30

.347

22, 6251,2217, 2659,1193,124

526749

3,4111,164

. 108

,129

1865, 457

9991,6813,9493,791

.30

.343

21, 2352, 2595,1847,2174,247

600864

4,2181,244

.104

.116

1864,336

1,0321,7003, 9403,300

.30

337

22, 1811,9149,5775,8183,006

601932

3,7631,259

.098

,106

2944,918

1,0861,6333, 4962,773

.29

.333

19, 9071, 9008,2685,6072, 930

7701,9123, 3231,294

.098

.093

2053, 850

1, 1520 1,512

3, 6380 2, 655

. 29

.320

1

* New series. For earlier data see p. 20 of the February 1933 issue, production of residual fuel oil and gas oil and distillate fuels, and p J19 of the June 1933 issue, leather.! Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of gas and fuel oils in electric-power plants for 1932, p. 43.

May 1933, for 1933 revisions, p. 43 May 1934; production of residual fuel oils and gas oil and distillate fuels, stocks of residual fuel oil east of California, consumption of gaso-line, production of gasoline at natural gas plants and refineries, stocks of gasoline at refineries, consumption of kerosene and lubricating oil, and production of asphalt for1932, p. 56, November 1933; retail distribution gasoline in 41 States for 1932, p. 43, May 1933, for 1933, p. 43, May 1934; production of cattle and sheep and lamb hides, p. 44April 1934; imports of total hides and skins and upper leather for 1932, p. 43, June 1933.

A Beginning Aug. 31, 1933, figures reported on the new basis, caused by transfer of 414,000 barrels from gas-oil and fuel-oil stocks.r New basis caused by transfer of 243,000 barrels from bulk terminal stocks and approximately 93,000 barrels transferred from refinery stocks.' New basis resulting from transfer of finished stocks to unfinished stocks and addition of stocks not previously reported.# See footnote on p. 35 of this issue. Imports also revised for 1933. See p. 20 of the October J934 issue.• Data revised for 1933.• Revised

See p. 20 of the September 1931 issue,

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November 1934 SURVEY OF CURRENT BUSINESS 45

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

LEATHER MANUFACTURES

Gloves and mittens:Production (cut), total „ _ _ _ . , dozen pairs

Dress and street dozen pairsWork _ _ _ _ _ . dozen pairs

Shoes:Exports. ,___thous . of pairs,.Prices, wholesale:

Men's black calf bluchcr,Boston.. dol. per pair..

Men's black calf oxford, lace,St. Louis dol. per pair--

Women's colored calf, Goodyear welt, ox-ford, average - -dol per pair--

Production, total.... . _ _ _ _ _ . .thous. of pairs..Men's ...-thous. of pairs..Boys' and youths' thous. of pairs..Women's ._ thous. of pairsMisses' and children's thous. of pairs..Slippers, all types thous. of pairsAll other footwear ... thous. of pairs_.

1934

Septem-ber

LE^

73

5. 50

4. 15

4.00r> 27, 668

1933

Septem-ber

..THE

281, 363141,776139, 587

64

5.40

4. 35

3.8531, 2347,6561,711

12, 0982,6704, 1382,962

October

R AN

282, 249127,317154, 932

58

5.40

4.35

3.8531, 4558,2931,827

10, 9992,4924,9862,858

Novem-ber

D PI

228, 486100, 559127, 927

77

5.50

4.35

3.8523, 6956,9091,5156, 7831,9744,2562,258

Decem-ber

IODU

178, 39857, 050

121, 348

78

5.50

4.20

3.9320, 0956,1861,1506,7651, 8891,9552,151

January

CTS—

171,24269, 196

102, 046

40

5.50

4.15

4.0025, 7877,0461,342

10, 6392,5891,4242,746

Febru-ary

-Contin

March

ued

!

41

5.50

4.15

4.0030, 1207,8451,481

12, 2453,0562,3273,166

100

5.50

4.15

4.00fc 35. 357

8.6691.503

14.0063,6863.5653,927

19

April

34

May June

76

5.55

4.15

4.0034, 1528,4231,506

13, 0663,2713,5974,288

75

5.50

4.15

4.0033, 8748,2111, 540

12, 7763,1854,0724,090

90

5.50

4.15

4.0028, 3797,5851,4799.4722.7573,8993,187

July | August

88;

5.50

4.15

4.00» 28,2470 6, 705« 1, 4520 11, 772« 2, 647« 3, 332« 2, 339

LUMBER AND MANUFACTURES

LUMBER

Exports (boards, planks and scant-lings) • • M ft.b.m..

Retail movement-Retail yards. Ninth Fed. Res. Dist.:

Sales M ft.b.mStocks, end of month M ft.b.m..

Retail yards, Tenth Fed. Res. Dist.:Sales M ft.b.m..Stocks, end of month _ . _ _ _ _ M ft.b.m..

Flooring

Maple, beech, and birch:Orders:

New M ft.b.mUnfilled, end of month . M ft.b.m.

Production.. _ _ M ft.b.m..Shipments _ . M ft .b mStocks, end of month.. M ft.b.m..

Oak-Orders:

New M ft.b.mUnfilled, end of month ._ M ft.b.m

Production M ft b mShipments M ft.b.mStocks, end of month _ _ . M ft.b.m.

Hardwoods

Hardwoods (Southern and Appalachian dis-tricts):

Totnl:Orders:

New mill. ft b.mUnfilled, end of month.. _ mill. ft. b.m

92, 933

9,25161, 864

3,1654,7003,5293,386

19, 582

8,2128,2428,5799, 003

68. 444

Production ... mi l l . f t .b .m__Shipments mill ft b m •Stocks, total, end of month.. .mill. ft.b.rn. _

Unsold stocks _ _ _ _ _ _ _ _ _ _ n i i l l . f t . b . n i _ _Gunr

Orders, unfilled, end of monthmill ft. b.m. .

Stocks, total, end of month mill. f t .b . in--Unsold stocks .mill, ft.b.m..

Oak:Orders, unfilled, end of month

mill ft b inStocks, total, end of month _. mill. f t . b.m. .

Unsold stocks _ . _ _ _ _ _ _ m i l l . f t . b . m _ .Northern hard woods:

Production M ft b mShipments __._ _ ~ . _ _ M ft.b.m..

SoftwoodsFir, Douglas:

E\ports:§Lumber • . _ _ „ _ . . . „ _ „ _ _ _ „ . _ _ „ _ . _ _ M ft.b.m..Timber _ _ . ,_ M ft.b.m

Orders:New 1 _ _ _ . _ . _ _ _ _ M ft .b.m..Unf i l l ed , end of month.. _ _ . . _ _ _ M ft.b.m..Price, wholesale:

No. 1 common ._ .. dol. per M ft.b.rnFlooring, 1 x 4, "B" and better

dol per M ft.b.m- .Production ^ „ ._ .__ . .__ . . M ft.b.m..Shipments t— --- _ -_ - -_ . ._ - M ft.b.m..

:::::::::

5,04813, 075

38, 95429, 363

127,132130, 980

16.00

34. 00140, 561144, 590

75, 965

« 7, 9650 64, 434

2,17529, 156

2,2434,6222,7842,622

17,723

6,34111,3779, 3769, 563

62,415

1 2S201)150!31

1.7281,528

850285

7854<*47 i

9 57414,290

27, 51516, 013

131, 1611 1 2, 807

16.91

33. 79136. (W141,904

SO, 463

7, 55556, 902

2,43028, 428

3, 7595, 7553,1613, 236

18, 610

8,13011,4566, 9538,624

65. 029

128211143124

I, 740I, 530

76364288

76557481

10. 28513, 039

25,36114, 854

118,179116,388

18. 39

33. 85132,056119,522

! 73,065 I

3,87955,606 |

2,168 !28,190 |

2,4195,8892, 3422,30018, 546

12, 26312, 0666,98910, 01763,795

143 I234131124

1, 7841, 550

48382334

92570 •477 :

97, 956

2,26656, 764

1,86227, 951

96, 969

3, 147 I58,837 |

70, 282 I 83, 453

3,07760, 533

2,268 1,792 j27,665 I 27,493 j

2,99461,827

2,059

109,919 i 60,991 j 53,879 ! 62,452

4,44062,857

2,30028,351 ! 28,052

!

2,219 j4,7892,353 !3,234 j

18,210 I

3, 36510, 6556,8546,41765, 234

6,467 6,65663,800 62, 665

2,268 | 2,08327,760 | 27,734

3,6294, 6562, 4863,66519, 349

5,42310, 2456,9005,13765, 051

71 !218 |135116

1,870 I1,652 I

44

395 !352 !

98 !230 |124 I90 !

1,887 '1,657

46411365

85 i| 855S2 | 584496 j 499

4,7635,6672,9643,66518, 666

28, 23829, 7887, 7378. 11265, 285

124 {240128 !116 I

1,8911,651

46 i414 I368 i

588 !500 I

6,4387,1674,5964,64318,828

17,0058,91913,711

3,0375,5984,2264,30319,195

5.80012.41510,3609,476

62,532 ! 63,938 !

4,4375,9984,4804,51219,526

8,64611,1359,5469,81362, 635

135239120128

1, 8621,623

425 |377

90 ;582 i492 |

150265135 I131 |

1,856 !1,591 |

i

48 ;424 !376 1

113241116124

1,8611, 621

44427383

110 ;578 I468 i

20,37311,602:164,287 •,120,865 ,.

33.71 :128.027 :

118,179 ;

13, 2989, 811

30. 87118, 975

37.00111,017106,093

15, 17811,162

27, 59910, 094

119,970142. 352

18.56

37.00109,22681,472

16, 73313,354

25,492 |13,876 j

119.970 !144, 143 |

19.00 |

37.00 IS 32. 056 |111,912 !

19,965 i 17,22718S086 i 18,204

25, 380 ; 52, 956 |20,824 | 25,256 j

145.933 i 141,457 !123, 103 I 152, 648 ;

19.00 I

37.00 |150,857131,161

19.00

37.00152,648 ,'136.980

95580485

14,5811.6, 919

14, 70110,422

139,666 !179,059 ;

18. 00

37.00 i132,056 ;106,988 i

5,7714,1033,57320,828

6,5219,4268,9517,96563,375

94232146109

1,9141,682

41442 |401 '

95606511

12, 89013, 090

1, 173 I426 i

83,710 I153,991 j

6, 57460, 754

1,290 i13,643 ]

4,0925,6062,4514,42119,059

6,9378,7647,3017,71364, 251

9822811694

1,9401,712

39447408

91623523

10, 607

0 Revised.* New series. For earlier data, see p. 20 of the November 1932 issue, lumber exports.§ Data revised for 1932. see pp. 44 and 45 of the June 1933 issue, exports of Douglas fir lumber and timber.f Data for November 1933, March, June, and August 1934, are for 5 weeks; other months, 4 weeks.» Preliminary.• Data revised for 1933. See p. 20. of the September 1934 issue.» Figure previously carried incorrectly as 33,357.

5. 50

4. 15

4.00> 35,0238,5361,74914, 6823,1294,1302,797

115.145

0 8, 657* 64, 388

1,0725, 1483, 3264,27918, 741

8,0618,2418,1159,04164,168

105229101101

1,9591.730

7, 12913,290

60, 13834,513

30. 00HI. 143162.049

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

Page 48: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

46 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem -ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

LUMBER AND MANUFACTURES—Continued

LUMBER— ContinuedSoftwoods— Continued

Hemlock, northern:Production M ft.b.mShipments M f t b m

Pine, northern:Orders, new _ M ft.b.mProduction M ft.b mShipments M ft.b.m

Pine, southern:Exports:

Lumber § M ft.b.mTimber § M ft.b m

Orders:New M ft.b mTTn_fi]lp.rl; p,nd r>f month M ft.h.mPrice, flooring dol. per M ft.b.m

Production M ft.b mShipments M ft.b.m

Redwood, California: JOrders:

New _ _ . M ft.b.m..Unfilled M ft.b.m

Production _ _ M ft.b.mShipments. _ M ft.b.m._

FURNITUREHousehold:

All districts:Plant operations * percent of normal

Grand Rapids district:Orders:

Canceled percent of new ordersNew _ _ no. of days' production

Unfilled, end of monthno. of days' production..

Outstanding accounts, end of monthno. of days' sales..

Plant operations t__ . .percent of normalShipments no. of days' production..

Southeastern district:Orders, unfilled, end of month

dol., average per firm..Shipments __dol., average per firm _

Prices, wholesale:Beds 1926=100Dining-room chairs, set of 6 1926=100-.Kitchen cabinets 1926 = 100..Living-room davenports 1926 = 100. _

Steel furniture. (See Iron and Steel Section.)

5,92010, 198

4,1985, 1896,457

22, 12910, 082

99, 84058, 98734.97

97, 928103, 908

21, 16821, 93025, 44923, 991

42.0

5.09

9

1725.0

8

32, 67460, 211

71.590. 187.579.4

2,3559 690

11,84216 13912, 925

24, 6865 915

98 42659, 97635 30

113 504107, 226

22, 34027,71117, 96324, 758

55 0

5 012

18

2642.0

13

93, 89982, 284

76.191.087.576.7

2,35017 775

10, 2538 664

12, 770

21, 6775 632

91 29855 07337 93

103 75190, 329

23, 30626, 32522, 15424, 481

59 0

14 08

12

2542.0

13

36, 94376, 705

76. 191.087.581.7

2,99114 856

7,0951 3778, 196

19, 0385 229

90 61754, 63738. 14

103 10895, 057

39, 58139 81016, 47525, 733

42 0

16 07

9

2336.0

9

14, 14741, 660

76 191.087.579.4

4,0536 987

6,9971 0296,456

21, 1567 431

73 13753 06838 41

95 98381, 272

15, 22833 87216, 73321, 674

34 0

12 05

6

2033 0

7

11, 89419, 698

76 191.087. 579.4

3,6316 464

5,2241 5786 192

20,4154 516

102 72076 07438 11

106 01988 198

13, 93526 85319, 93920, 349

31 0

4 010

10

1829 0

6

37, 51837 943

76 190.187.579. 4

6,3126 297

6,9052 3575 535

22, 6557 652

108 33690 425

38 21112 14199 193

20, 27827 69822 90118, 943

30 0

8 06

9

1828 5

7

34, 12351, 145

76 190. 187.579.4

6,4747 699

6,2724 9287,612

26, 5496 491

133 79487, 68138. 16

124 469117,391

26, 08332 22225, 18421, 755

30 0

7 08

9

1829.0

8

27, 62758, 196

76 190.187.579.4

6,5887 631

5,9244 3566,384

27, 7353 725

110 34897 49838.28

116 615108, 320

19, 21730 69324, 48220, 644

30 0

9 55

6

1827 0

7

18,91146, 177

74 990. 187.579.4

5, 6588 734

6,9708 9336,000

23, 1138 885

121 02882 514

37. 86117 665122, 202

23. 30033 74026, 19920, 147

30.0

8.07

7

1627.0

6

18, 93444, 612

73.290.187.579.4

10, 1598 725

8,79411 1348,317

26, 6046,506

100, 86376, 32538.02

107, 606115, 461

17, 95832, 76925 88019, 402

32.0

7.07

1519.0

5

26, 36030, 821

71.590. 187.579.4

11, 5506 157

5,34111 2067,482

26, 5029 557

90 79677, 59936.55

99 22296, 295

15, 83429 53420, 64718, 156

35.0

5.09

9

1522.0

40, 31746, 943

71.590.187.579.4

7,86110 046

6,7548 6646,902

26, 6987 754

113 56164, 36634.77

98 961113,913

19,70424, 94625, 93025, 444

39.0

5.08

9

1624.0

8

34, 75963, 349

71.590.187.579.4

METALS AND MANUFACTURES

IRON AND STEELForeign trade, iron and steel:

Exports § long tons..Imports *# long tons

Price, iron and steel composite *dol. per long ton..

Sales, iron, steel, and heavy hardwareJanuary 1921 = 100

OreIron ore:

Consumption by furnacesthous. of long tons..

Imports # _thous. of long tons _Receipts:

Lake Erie ports and furnacesthous. of long tons..

Other ports thous. of long tonsShipments from mines. -thous. of long tons..Stocks, total, end of month

thous. of long tons.-At furnaces thous of long tonsLake Erie docks . . thous. of long tons

Manganese ore, imports (manganese content) H#thous. of long tons..

Iron, Crude, and SemimanufacturedCastings, malleable:*

Orders, new short tonsProduction short tons

Percent of capacityShipments short tons..

Pig iron:Furnaces in blast, end of month:

Capacity long tons per dayNumber

Prices, wholesale:Basic (valley furnace)-._dol. per long ton..Composite pig iron dol. per long ton..Foundry, no. 2, northern (Pitts.)

dol. per long ton..Production thous. of long tons..

30, 33023, 847

32.15

1,23677

2,3431,0253,439

34, 91429 7135,201

5

19 51121, 541

25.620, 360

28 21562

18.0018.94

20.39898

108, 79955, 706

30.36

100

2,102136

4,2051,2005,504

33, 44928 4155,034

23

22 74427, 078

31.625, 402

48 21589

17.0017.87

19.391.522

161, 75546, 673

30.53

107

1,898151

3,4211,1204,543

36, 34531 0445,301

19

19 93324, 381

28.420, 422

39 75579

17.0017.84

19.391.356

157, 60028, 979

30.25

93

1,460107

918359785

36, 20030 7945,406

5

20 83021, 944

25 019, 676

34 41076

17.0017.84

19.391.085

184, 57931 310

31.01

91

1,59886

2006

34, 67329 3465 327

3

26 30521 870

25 622, 310

35 50575

17.0017.94

19.391.182

178, 02322 653

31.15

88

1,65689

000

32, 97327 7275 246

7

32 50130 417

35 826, 642

41 08587

17.0017.94

19.391.215

151, 18425 407

31.30

78

1,72864

0o0

31,21626 0405' 176

2

36 59433 939

40 131,412

46 26089

17.0017.94

19.391.264

261, 26938, 393

31.38

^9

2,19079

0o0

29, 04124 0604*981

8

42 96143 438

49 941, 530

53 72096

17.0017.94

19.391.620

201, 53926 862

32.67

105

2,470128

0o0

26, 58122 0104 571

20

38 45340 742

47 939, 817

63 270110

17.2518.36

19.641.727

241, 75329 465

32.97

114

2,958202

1,468683

2,631

25, 59821 2184 380

49

32 63937 165

42.739, 493

67 300117

18.0018.94

20.392. 043

219, 40624 858

32.96

109

2,721188

3,1181 1514,461

27, 04322 7004 343

48

24 49928 340

33 431, 607

48 19089

18.0018.94

20.391.930

233, 18617, 676

32.32

82

1,600196

3,3621 0904,432

29, 96125 4614 500

30

21 86223 388

27.627, 591

35 58575

18.0018.94

20.391.225

243'

L

32

22

2

3

* New series. Earlier data on furniture activity, all districts, not published. For imports of iron and steel, see p. 20 of the November 1932 issue, for castings, p. 20of the April 1933 issue. New series on iron and steel composite price will be shown in a subsequent issue.

§ Data revised for 1932. For revisions, see p. 45, exports of Southern pine lumber and timber, and p. 45, iron and steel, of the June 1933 issue. Data revised for 1933;see p. 20, of the September 1934 issue.

t Revised. Data prior to April 1933 not published.t Beginning with January 1934 the report includes all known operators. Prior to this time approximately 89 percent of the listed capacity was included.11mports from Cuba not included.# See footnote on p. 35 of this issue. Data revised for 1933; see p 20 of the October 1934 issue.a Revised.Digitized for FRASER

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

Page 49: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

November 1934 SURVEY OF CURRENT BUSINESS 47

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

METALS AND MANUFACTURES—Continued

IRON AND STEEI^-ContinuedIron, Manufactured Products

Cast-iron boilers and radiators:Boilers, gas-fired:

Production thous. of B.t.uShipments quantity thous of B t uShipments value dollarsStocks, end of month thous. of B.t.u..

Boilers, range: tOrders:

New number of boilers. _Unfilled, end of month, total

number of boilers..Delivery, 30 days or less

number of boilers..Delivery, more than 30 days

number of boilers. _Production number of boilers. _Shipments . number of boilers. _Stocks, end of month.. number of boilers..

Boilers, round:Production thous. of lb..Shipments thous. of lb_.Stocks, end" of month thous. of lb._

Boilers, square:Production thous. of lb..Shipments thous. of lb._Stocks end of month thous of lb

Boiler fittings, cast iron:Production short tons..Shipments short tons..

Boiler fittings, malleable:Production - short tons._Shipinents .- short tons..

Radiators:Production thous. of sq. ft. heating surface. _Shipments thous ofsq ft. heating surface _Stocks, end of month

thous of sq ft heating surface. _Radiators, convection type: *

New orders:Heating elements only, without cabinets or

grilles-.thous. ofsq. ft. heating surface t -_Heating elements, including cabinets and

grilles^-thous. ofsq. ft. heating surface J _ _Sanitary Ware

Bathroom accessories: tProduction ..number of pieces..Shiprnents number of pieces..Stocks, end of month number of pieces..

Plumbing brass. (See Nonferrous metals.)Plumbing and heating equipment, wholesale

price (8 pieces)* _. dollars _Porcelain enameled flatware:

Orders new, total dollars..Surns dollarsTable to^s _ ..dollars.-

Shipments, total dollars--Signs dollars. .Table tops ... .dollars--

Porcelain plumbing fixtures:Orders:

New net number of piecesUnfilled, end of month.number of pieces..

Shipments number of piecesStocks, end of month number of pieces..

Vitreous-china plumbing fixtures:Orders:

New net number of piecesUnfilled, end of month.number of pieces..

Shipments ..number of pieces..Stocks, end of month number of pieces..Stcel: Crude and Semimanufactured

Bars, steel, cold finished, shipments-short tons..Castings, steel: •

Orders, new, total short tons..Railway specialties short tons..Percent of capacity

Production, total short tons..Railway specialties short tons..Percent of capacity ._

Ingots, steel: §Production _ thous. of long tons

Percent of capacityPrices, wholesale:

Composite, finished steel dol. per lb._Steel billets, bessemer (Pittsburgh)

dol. per long ton._Structural-steel beams (Pittsburgh)

dol. perlb..Steel scrap (Chicago) dol. per gross ton._

U.S. Steel Corporation:Earnings net thous of dolShipments, finished products * long tons_.

51, 353

12, 724

11, 878

84645, 56048, 62232, 791

4,2254,655

2,3832,354

44

158

349, 072328,010376, 512

211. 26

636,811193 716220, 279652, 158232, 206195, 541

2 0173,8542 1988,847

134 088111,083128, 708597, 803

14, 304

20, 0304,417

12.831,81611, 152

20 3

1,25223

.0244

27.00

.01808.50

3 769370, 306

84, 66795, 76590, 566

473, 506

37, 800

17, 744

16, 054

1,69056, 15155, 41638, 600

5,0766,137

28, 548

15, 24820, 509

117,419

4,4304,575

3,1472,667

4,3265, 173

35 614

68

163

227, 363231,814366, 956

215. 02

638, 236233 255166, 039620, 876203, 417182, 013

5 4527,2143 5529,509

103 475173, 019162, 274348, 233

35, 468

25, 2206,414

16. 128, 0875,254

17 9

2 28340

.0220

26.00

.01619.84

11 817575, 161

69, 68093, 86090, 742

449, 326

34, 273

7,612

5,726

1,88646, 36644, 40540, 561

5,8209,374

25, 329

11,33624, 841

104, 835

4, 9914,965

2,8392,206

3,2736,076

32, 926

137

172

348, 414357, 964357, 406

214. 96

609, 456264, 38482, 274

618, 572251, 12097, 210

2 2426,2013 1359,402

46 981120, 59799, 403

414, 906

27, 877

26, 1356,649

16. 727, 8266,093

17 8

2,08537

.0226

26.00

.01709.33

572, 897

24, 81347, 84346, 783

426, 297

29, 174

6,905

5,407

1,49828, 58929, 88139, 269

4,5315,500

24, 636

10, 62214, 622

100, 784

4,6984,467

2,1841,680

2,9894,794

31, 249

123

160

191,441182, 852365, 995

209. 82

668, 426446, 101

44, 194536, 450219, 76250, 208

5,8319,2642,548

10, 076

31,37087, 76864, 199

477, 474

21, 792

25, 5584,140

16.324, 721

4,62515.8

1,52127

.0226

26.00

.01708.56

430, 358

18, 26837 60934, 155

406, 956

30, 509

13, 307

6,275

7,03222, 20527, 12533, 897

3,4143,156

35, 005

9,0489,064

89 667

3,3443,592

1,5811,627

1,6552,870

30, 029

95

96

94, 14188, 297

361, 424

204. 10

346, 459173, 67642, 609

439, 693257, 02148, 538

1,5988,9471 562

10, 071

35, 06780, 17342, 662

579, 227

42, 036

25, 6124,900

16.423, 7185,02415. 1

1,79933

.0231

26.00

.01708.94

5,537600, 639

45, 788

20, 555

16, 454

4,10143, 46638, 54038, 823

4,8902,823

35, 685

9,9808,300

96, 896

4,9086,362

2,5703,414

2,2662,484

30, 295

126

60

169, 894174, 069357, 249

204. 17

391, 358165, 40262, 019

472, 676238, 11062, 900

1,8188,7221,9099,162

56, 57781, 33455, 416

643, 054

19, 409

26, 2965,85216.8

27, 6447,08517.6

1,97133

.0231

26.00

.017010.50

331, 777

88, 274

21, 725

19, 002

2,72380, 66887, 10432, 387

4,2463,081

40, 012

11, 4288,710

104, 263

4,2373,572

2,6102,390

2,4092,307

30, 593

45

76

147, 407136, 027368, 629

204. 74

521, 796155, 005106, 895530, 096204, 81799, 155

1,5088,3201,7799,575

79, 10689, 87870, 688

660, 658

25, 989

35, 69815, 471

22.828, 5266,42818.2

2,18341

.0231

26.00

.017011.00

385, 500

39, 974

14, 368

12, 044

2,32449, 10046, 30135, 186

4,9132,827

40, 558

15, 2558,241

108 077

4,1783,184

2,7302,094

2,9232,182

31, 365

77

97

167, 684161, 893374, 420

203. 50

731, 321197, 691105, 844715, 665231, 974114, 041

1,4556,8882 5948,951

60, 04575, 19874, 725

683, 797

27, 838

60, 04626, 758

38.339, 49112, 174

25.2

2,76146

.0231

26.00

.017012.13

6,579588, 209

39, 326

17, 013

13, 101

3,91235, 96036, 68134, 465

3,9822,544

42, 012

11,9658,287

111 800

3,6673,564

2,4502,175

2,6632,682

31 389

30

135

108, 593106,716376, 297

217. 40

817,818286 555119,387722, 258215,673117,335

1 7876,2762 0749,140

93, 68880, 45088, 436

700, 419

28, 885

63, 14232, 818

40.346, 24218, 324

29.5

2,89853

.0240

26.75

.017011.75

643, 009

35, 683

11,338

8,688

2, 65041,02141, 35834, 128

4,1332,659

43, 585

15, 0148,332

118 411

3, 5573,604

2,8562,570

3,9692,630

32, 775

45

95

233,176219, 629383, 646

216. 88

899, 506343, 340112,965842, 156302, 888110,862

1,8225,2772, 354

10, 422

116,52387, 095

109, 878693, 986

30, 809

46, 83116,812

29.957, 31323, 309

36.6

3,35356

.0253

29.00

.018510.95

745, 063

34, 627

11,818

9,150

2,66834, 74133, 18034, 902

3,3422,361

44, 544

15, 49810, 029

123 956

3,4953,586

2,4362,445

3, 9643,197

33, 537

52

122

222, 872223, 461383, 557

218. 91

736, 858266,811107, 398826, 975307,511116, 601

1,7224, 8521,769

10, 981

127, 557103,400111,252677, 830

29, 940

41,53710, 408

26.550, 26818, 904

32.1

3,01653

.0253

29.00

.01859.75

21, 082985, 337

33, 576

9,738

7,844

1,89433, 25533, 74633, 869

2,6912,592

44, 739

11,65211, 172

124 414

3,3333,523

2,2822,180

3,4833, 136

33, 867

77

128

156, 270150, 739383, 161

217. 88

594, 146226, 883110,079738, 460304, 752106, 273

1,7854,3901,954

10, 762

110, 20997, 710

115,899658, 788

18, 130

41,82222, 407

26.746, 18217, 661

29.5

1,47327

.0246

27.40

.01819.55

369, 938

36, 006

9,993

8,695

1,29837, 73535, 75135, 853

4,1954 571

44, 437

15,554' 17, 890121 973

3 9144,651

2 1742,484

4,2825 336

32 969

62

178

205, 380211,005375, 376

218. 16

719, 146306, 463145, 494740, 802332,917145, 001

2,7234,3332,5429,626

126,652105, 703118,659636, 872

17, 622

« 25, 5385,697

16.3« 43, 748

17, 74127.9

1,36323

.0244

27. 00

.01809.19

378, 023

* New series. For earlier data, see p. 20 of the January 1933 issue wholesale price of plumbing and heating equipment and for United States Steel Corporation shipments,see p. 18 of the January 1934 issue. Earlier figures on convection-type radiators prior to January 1932 not published.

I In equivalent direct radiation.t Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue, and for range boilers see p. 20 of the July 1934 issue.§ Data for 1933 revised. See p. 47 of the August 1934 issue. For 1932 revisions, see p. 46 of the July 1933 issue.• See footnote on p. 20 of the October 1934 issue.

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48 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

Septem-ber

1933

October |N<£r-:D?Sr

1934

January F*™- M,irch April j May Jur1 i

le July 1 August

METALS AND MANUFACTURES— Continued

IRON AND STEEL-Continued

Steel: Manufactured Products

Barrels, steel:Orders, unfilled, end of month. ....number..Production . ... . ..number. -

Percent of capacity ....... -Shipments numberStocks, end of month..... ..number--

Boilers, steel, new orders:Area _. ...thous. of sq. f t_ ._Quantity.. . number of boilers .

Furniture, steel:Business group:

Orders:New . . thous. of dol..Unfilled, end of month. .--thous. of doL.

Shipments ._ ....... thous. of dol..Shelving:

Orders:New thous. of dol..Unfilled, end of month.... thous. of dol..

Shipments thous. of dol—Safes:

Orders:New thous. of dolUnfilled, end of month thous. of dol..

Shipments -thous. of dol—Lock washers, shipments .._thous. of dol—Plate, fabricated steel, new orders, total

short tons..Oil storage tanks short tons

Sheets, black, blue, galvanized, and full fin-ished:

Orders:New . short tonsUnfilled, end of month . short tons..

Production, total _ . short tons..Percent of capacity

Shipments ._ . short tonsStocks, end of month, total.— short tons..

Unsold stocks ... short tons..Tin and terne plate:*

Production thous of long tonsTrack work, production short tons

MACHINERY AND APPARATUS

Air-conditioning equipment:Orders, new, total thous. of dol

Air-washer group........ thous. of del-Fan group . thous. of dol—Unit-heater group . . ..thous. of dol

Electric overhead cranes:Orders:

New thous. of dol..Unfilled, end of month. .....thous. of dol._

Shipments... thous. of dol..Electrical equipment. (See Nonferrous metals.)Exports, machinery. (See Foreign Trade.)Foundry equipment:

Orders:New... 1922-24 = 100-Unfilled, end of month. _ _ _ _ _ 1922-24 =100—

Shipments 1922-24 — 100Fue] equipment:

Oil burners:*Orders:

New . „„ no. of burnersUnfilled, end of month. .no. of burners. .

Shipments. no. of burners..Stocks, end of month ..no. of burners ..

Pulverized fuel equipment:Orders, new, storage system:

Furnaces and kilns._.no. of pulverizers. .Water-tube boilers.. .no. of pulverizers. .

Orders, new, un i t system:Fire-tuhe boilers.. ....no. of pulverizers..Furnaces and kilns.. .no. of pulverizers..Water-tube boilers no. of pulverizers. .

Stokers, mechanical, new orders:Class 1. residential* ..number..Class 2, apartment and small commercial*

numberClass 3. general commercial and small com-

mercial heaters* numberClass 4, large commercial:*

Number _____ ._ . . . . ._ . . .Horsepower

Machine tools:Orders:

New* . 1926 = 100..Unfilled, end of month... ...1922-24 = 100..

Shipments.... . ....... 1922-24 -100..

596, 694363, 885

25.5368, 771

24, 575

539626

668879

209120261

11817713087

15, 1083, 445

77, 06367, 06276, 051

23.473, 26099, 88864, 398

853, 383

1,098141423534

5965989

46. 446. 637. 0

! 5, 5952, 319

16, 99114, 189

0(i

30

30. 2

539, 846519, 191

38.3524, 71933, 178

428447

869819734

200•166

93192126122

16, 1661,033

145, 320194, 223180, 304

55.5163, 634115, 18353, 617

1953,845

87394

491287

7730393

34.932.041.5

15, 2454, 574

15, 62112, 238

00

223

2,102

188

142

17629, 042

30.98643

492, 072798, 981

58.9789, 47442, 685

427395

800794825

185239146

98158132118

17, 9641,434

79, 141102, 262146, 106

45.0174, 829105, 33152, 353

1883,006

83064

373393

43195151

42.631.742.1

12, 2422, 594

14,22212, 696

00

17

1. 896

208

209

16225, 464

37.2105

333, 443577,017

42.6582, 29937, 403

287296

865764800

191234196

136147147118

14, 4663,734

88, 35494, 270

102, 58531.6

99, 499105, 95055, 495

1863,087

74766

340341

9423454

36.629.638.3

5,8712, 1136, 352

13, 999

00

00

15

1,048

150

101

16829, 891

45. 911663

597, 453556, 586

41.9556, 62737, 151

309328

964719

1,040

288231200

125151113170

13, 6922,160

110,26392, 831

113, 11134.9

111,867101, 22051, 622

1752,759

76050

363346

12027975

43.835.2

3,0671,6103,439

13, 684

10

018

715

115

90

11317,967

70.017869

527, 377662, 293

48.8660, 68838, 479

236249

1,059781997

260276215

131156126190

15, 8973,754

209, 463166, 182163, 622

50.4130, 878106, 31054, 922

852,811

62957

307265

38260

54

37.233 833.4

3, 2341, 4763, 259

14, 882

00

004

53.720763

500, 355521, 950

38.6520, 98739, 442

227212

1,023910894

274272279

143174126174

14,6412,476

184, 355206, 292194, 830

60.0146, 905117, 23063, 600

1013,310

63152

282297

5221670

65.856.342.9

2,9411, 6042,813

14, 609

00

16

50.9205

97

726, 569620. 439

46.0628, 48531, 396

376294

1,020975956

396272395

158166166231

38, 9242,202

158, 244159. 672220, 282

67.8200, 701114.93457, 722

1644,446

881198353329

31947988

75.451.562.6

5,0151,6524,967

13, 797

00

04

48.1(3)(3)

820, 884589, 182

43.6590, 33730, 241

441380

9721, 013

934

321246346

154157164246

20, 0852,998

272, 412251, 123214, 522

66.0184, 042135, 79653, 683

1606,132

1,097261518318

12352280

67.963.055 5

7,4792, 4866,645

13, 627

02

90

12

f

865, 012431,567

"30.1426, 17535, 633

277304

1,039975

1,011

343301288

159160161238

21, 8918,746

246, 315257, 845256, 537

79.0240, 730137, 51048, 714

1665,764

1,153300490363

8951899

66.552. 175.6

8,0032,. 6I87,87i

14, 98s

20

010

45.9(3)(3)

935, 651612. 695

*,42. 8607, 69241, 158

360415

1,1151,0441,046

253200354

186194153201

27, 39511,019

114,85574, 392

199, 43861.4

301, 832106, 95056, 666

1506,184

1,094241518335

84477123

70.457.864 3

5, 4451, 9235, 536

17,823

00

044

35. 3(3)(3)

684, 403519,444

°36. 7528, 84731, 755

"385"458

8661, 047

863

222191231

136200130171

12, 5232 028

72 51769, 47285, 286

26 285, 442

110,40071, 362

805,226

1 160254500406

16756378

50.743.167 9

7 8403, 3316, 432

18, 753

00

00

1">

34.7(3)(3)

» Revised. s Discontinued.*Neu series. For earlier data see p. 20 of the December 1932 issue, tin and terae plate, p. 19 of the January 1933 issue, stokers, p. 20 of the July IS

machine tools ( including forging equipment). Current oil-burner series available only back to January 1933 are based on reports from 149 con<May 1931 issue for January and February 1933 data.

of the July 1934 issue for new orders' *'" '—items; see p. 48 of the

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November 1934 SURVEY OF CURRENT BUSINESS 49

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

I |January F^yU" March April May June July August

METALS AND MANUFACTURES—Continued

MACHINERY AND APPARATUS-Con.

Pumps:Domestic, water, shipments:

Pitcher, hand, and windmill .... .units,. .Power. horizontal type units..

Measuring and dispensing, shipments1

Gasoline:Hand operated «, unitsPower -_.. .. . „ units _

Oil, grease, and other:IJand operated _ . _ unitsPower _ _ _ _ . _units-_

Steam, power, and centrifugal:Orders:

New thous. of dolUnfilled, end of month thous. of dol..

Shipments thous of dolWater-softening apparatus, shipments. .units. .Water systems, shipments.. _ _ units..Woodworking machinery:

Orders:Canceled „ ....thous. of doL.New... thous. of dol..Unfilled, end of month .thous. of doL.

Shipments:Quantity machines. .Value -.thous. of doL.

NONFERROUS METALS ANDPRODUCTS

MetalsAluminum:

Imports, bauxite # .. ._ long tonsWholesale prices:

No. 1, virgin, 98-99, N.Y dol. per lb__Scrap, cast, N.Y _..dol. per lb._

Babbitt rnetal:Production, total thous. of Ib

For own use thous of IbSales thous. of lb_.

Copper:Exports, refined § * _ short tonsImports, total § # __ short tons

Ore and blister short tonsPrice, electroilytic,N.Y _..dol. per lb._

Gold. (See Fnance.)Lead:

Ore:Receipts in U.S. ore short tonsShipments, Joplin district short tons..

Refined:Imports # short tons..Price, pig. desilverized, N.Y dol. per lb._Production short tons..Shipnients, reported short tonsStocks, end of month short tons

Silver. (See Finance.)Tin:

Consumption in manufacture of tin andterneplate* - long tons

Dfliverips long tonsImports, bars, blocks, etc. # long tonsPrice, Straits, N.Y. dol. per lb.Stocks, end of month:

\\ orld. visible supply long tons..United States long tons

Zinc:Ore, Joplin district:

Shipments short tons__Stocks end of month short tons

Price, slab, prime, western (St Louis)dol. per l b _ .

Production, total (primary) §_. .short tons.Retorts in operation, end of mo number . _Shipments , total § _ _ short tons..

Domestic § short tonsStocks, refinery, end of month § short tons--

Electrical Equipment

Conduit , nonmetnllic, shipments thous. of ftDelinquent accounts, electrical trade. (See

Domestic trade.)Furnaces, electric, new orders kilowatts..Electrical goods, new orders f (quarterly)

thous of dolLaminated phenolic products, shipments

dollars...Mica, manufactured:

Orders, unfilled, end of monththous. of dol._

Shipments thous of dolMotors (direct current):

Billings (shipments). dollars ..Orders, new _ dollars. _

Panelboards and cabinets, shipmentsthous. of dol. .

23, 454635

5381,867

4,860614

14, 463

.2095O.S88

1,653380

1, 273

24, 47612, 23610,895.0878

3,901

2,055. 0369

27, 07036, 018

230, 219

1,3203,8503,231.5149

15, 3864,243

31, 78221, 290

. 040526, 59231, 35221, 99021,990

100, 794

100 334

561, 273

6784

_ _ . _

34, 051396

8513,683

10, 5881,005

7711,775

609329

6,084

6309306

238337

16, 262

.2290

.0738

2,419615

1,804

12, 12717, 40317, 343.0875

26, 3695,333

84.0450

28, 02129. 129

166,201

3, 0305, 1055, 885.4665

30, 1626,003

28, 95214 064

.047033. 27925,41634, 27934, 27998, 264

1, 293

1,452

98, 768

585, 454

136106

255, 170253, 015

148

24, 468505

3791,751

7,889916

6381,798

608227

4,378

8240262

202273

21, 636

.2290

. 0738

2,091536

1, 555

10, 7338, 1648, 164.0795

29, 8473,495

645.0431

35, 39933,314

174, 721

2,9206. 0356,895.4792

27, 9406,664

24, 63713 787

. 047535, 14126, 82037,98137, 93795, 424

1,069

664

561, 984

157111

238, 047272, 973

162

20, 178427

2741,103

6,517683

6071,714

687200

3,045

26214256

131192

13, 633

.2290

.0738

1,964357

1,606

13, 10815, 33815, 334.0788

28,9412,224

933.0429

38, 45930, 719

187,814

2,8803, 3503, 335. 5307

26, 0756,769

19. 08315 514

. 045232, 58228, 14226, 78326, 783

101,223

1, 252

981

493, 125

107100

295, 298283, 037

191

* New series; for earlier data, see p. 20 of the December 1932 issue.I Revised series; for earlier data see p. 19 of the August 1933 issue.« Data on exports revised for 1933; see p. 20 of the September 1934 issue.

17, 539395

2621,356

3, 003342

5451,526

704196

2,631

8209215

143243

7,958

. 2290

. 0788

1, 459416

1,043

15, 96218, 29018, 287.0789

27, 4711,590

1,732. 0414

36, 34926, 034

203, 061

2 7103,1304,425.5287

23,8127,504

28, 25512, 000

.044632, 02227, ISO27, 68527, 663

105, 560

814

829

88, 544

438, 483

124120

414,804375,719

205

21, 242317

4881,262

4,468411

663

32, 734450

6591,890

5,323621

469

30, 620639

8341,894

5,119404

727

26, 887553

6852,745

6,678613

654

29,848777

6923,327

6,960608

665

34, 320715

7732,712

5, 526579

703

| !

248

9279277

136213

14, 365

.2290

.0836

2,256417

1,839

14, 45916,09215,700. 0789

25, 5921.524

826.0400

34,81813,911

207, 674

1,3203, 310

0. 5188

22, 4768,209

20,80219, 428

.042732, 95428, 74426, 53226, 488

111,982

27, 851891

4883,193

5,242488

541

8286303

199244

13, 936

.2095

.0981

2,147431

1,716

19, 3955,7855, 533.0778

22, 1371,404

0.0400

31.K9225, 778

216,224

1,5702,9401, 944. 5162

21,6947,014

2] , 60014, 778

.043830, 17230, 76332.36132, 361

109, 793

i

1,606 | 1,097

1,147 1,422

601,395 566,490

142 I 11299 I 121

220.776 j 309,232235,394 i 215,558

148 i 152

6292250

199342

13, 534

.2095

.1025

2,474498

1,976

24, 21025. 38224, 729.0778

24, 3753,597

1,928.0400

31. 37930. 365

221, 465

2.5403,8353, 569.5374

20. 4236,459

26. 48717,211

.043733. 72126. 95232. 75332. 750

110, 761

1,111

1,462

92, 302

844, 449

78158

274, 937337, 280

192

256263

143247

10, 576

.2095

.1069

2,528564

1,964

24, 92513. 72413,418.0817

24, 0052,933

955.0418

28, 72330, 673

222, 892

2,4804, 4053,307. 5560

17, 7045,649

25, 68916, 562

.043730. 56226, 69231.94831.948

109, 375

1,488

1,415

780, 160

78111

287, 031245, 784

197

244225

172292

16,685

.2095

.1106

2,426536

1,890

22. 30615, 24715.011.0828

25, 7293,390

1,537.0414

34, 74129, 316

233, 245

2,5704, 1103,932.5352

17, 3715, 089

25, 30017,922

.043530. 99227, 19335. 63535. 635

104, 732

3237233

123220

13, 394

.2095

.1003

2,262643

1,619

30, 72123, 22623, 221.0859

21,8035,082

1,662.0398

29, 69528, 276

288, J 81

2,3303,8454,242.5122

37,2515, 094

34, 93421, 788

.042425, 14331,28430, 18630, 13899, 689

11,981 1 1,551

1,090

760, 788

63147

280, 771321, 483

225

484

128, 034

804, 870

53114

335, 307366,613

204

2252297

127186

13, 249

. 2095

.0938

1,989553

1, 435

25, 32414, 78014, 724.0878

22,3041,518

1,719.0377

27. 35429, 479

240, 595

1,2403, 5754,900.5192

16,3136, 461

11,82013, 368

. 043224, 84330, 32426. 95026, 95097, 582

1,426

479

667, 198

57106

260, 355207, 654

211

34, 077821

6202, 630

5, 092614

....

12, 983

« 2095.0907

1,856457

1, 400

24, 27016, 56515, 04H.087*

26, 0802, 238

1, 587. 0375

22, 99933, 6(HJ

234,312

1,7804, 0452, 826. 51%

15, 4944, 90*

27, 68(516, 992

. 042h26, 26930, 44221,65921,659

102, 1Q2

I, 575

1,150

695, 'M>

461)9

297, 73-1213,780

328

§ Data for 1932 revised; for revisions sep p. 48 of the June 1933 issue, exports ofrefined and total imports of copper; for 1933 revisions on zinc, see p. 49 of theFebruary 1934 issue.

# See footnote on p. 35 of this issue. Data for 1933 revised; see }>. 20 of thi*October 1934 issue.Digitized for FRASER

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

Page 52: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

50 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January | *•£" March April May June July August

METALS AND MANUFACTURES—Continued

NONFEEROUS METALS ANDPRODUCTS— Continued

Electrical Equipment— ContinuedPorcelain, electrical, shipments:

Special-. __ _ ._ _ ._ __ dollarsStandard -dollars. _

Power cables, shipments thous. of ft..Power switching equipment, new orders:

Indoor dollarsOutdoor _. dollars _

Radiators, convection type. (See Iron andsteel.)

Reflectors, industrial, sales units..Vacuum cleaners, shipments:

Floor cleaners number..Hand-type cleaners * number..

Vulcanized fiber:Consumption. thous. of lb__Shipments thous. of dol_.

Welding sets, new orders:Multiple operator units _Single operator . . units

Miscellaneous ProductsBrass and bronze (ingots and billets):

Deliveries net tonsOrders, unfilled, end of month net tons..

Brass, plumbing:Shipments * number of pieces

Brass sheets, wholesale price, rnilL.dol. per lb_.Copper, wire cloth:

Orders:Make and hold-over, end of month

thous. of sq. f t _ _New thous. of sq. ft..Unfilled, end of month thous. of sq. ft..

Production thous. of sq. f t ._Shipments thous. of sq. ftStocks, end of month thous. of sq. f t _ -

Fire-extinguishing equipment. (See auto-mobiles.)

39, 35123, 599

220

36, 728113, 002

48, 256

1,333270

.145

47292407331273747

53, 04637, 186

313

27, 91181, 635

50, 484

61, 34018,317

1,963412

0147

4,38614, 065

844, 606. 148

249362657460466680

59, 02825, 118

404

28, 61947, 550

59, 451

59, 24615, 945

1,876406

0141

3, 76413, 678

695, 863.148

107316603459489636

51,73623, 738

312

27, 17838, 321

47, 770

62, 00013, 856

1,798353

9176

2, 66313, 465

526, 883.148

97325568391351657

42, 43314, 657

173

31, 34739, 083

53, 768

60, 00018, 357

1,591313

4306

2,14514, 447

347, 988.139

93249460364339698

30, 42620, 543

177

32, 28938, 002

49, 978

45, 00614, 802

1,741313

4219

28, 56817,244

180

33, 12243, 075

45, 604

54, 00011,908

1,464294

4252

552, 353. 138

80368459356312714

660, 820.138

76307451324311714

43, 43322, 403

390

33, 90392, 297

48, 456

78, 47523, 461

1,908387

2335

40, 37427, 666

321

35, 47586, 788

52, 453

65, 52618, 759

1, 767357

9332

42, 30722, 169

312

33, 283115,806

57, 641

65,21321, 738

1,912432

1395

799, 592.138

63691798430384748

704, 816. 140

563147454183787S8

788,911.143

51279622350325814

51, 35921, 539

363

27, 61190, 477

46, 681

50, 34820,014

1,833451

1333

53, 52322, 383

337

22, 920125, 838

44, 666

40, 06512, 025

1,839316

2292

740, 222.144

48238461343401725

693, 979. 145

49282423281300718

49,37124, 691

470

45, 045107, 437

50, 746

50, 21118, 097

1,552329

1241

707,156.145

50369393382380696

PAPER AND PRINTING

Chemical: WOOD PULP

Consumption and shipments, total fshort tons

Soda . short tonsSulphite, total short tons

Bleached short tons.Unbleached short tons

Sulphate.. short tonsImports t# short tonsPrice, wholesale, sulphite, unbleached

dol. per 100 lb__Production, total f . short tons

Soda short tonsSulphite, total short tons

Bleached short tonsUnbleached . short tons

Sulphate . . _. short tonsMechanical (ground wood): f

Consumption and shipments short tonsImports # short tonsProduction _. . short tons

Total paper: PAPERProduction f . _ . short tonsShipments t -- ..short tons-

Book paper:Orders, new:

Coated percent of normal productionUncoated.. percent of normal production..

Orders, unfilled:Coated number of days' production..Uncoated number of days' production

Production f . short tonsPercent of capacity

Shipments f _ short tonsNewsprint:

Canada:Exports short tons..Production short tons..Shipments from mills short tonsStocks, at mills, end of month. .short tons..

United States:Consumption by publishers. ..short tons-Imports # short tons..Price, rolls, contract, destination, N.Y.

bases dol per short tonProduction, total short tons..Shipments from mills short tons..Stocks, end of month:

At mills short tons..At publishers short tons..In transit to publishers short tons..

139 512

2.10

19, 319

190, 794196, 172195 32061, 903

151, 900159, 944

40 0074, 11770, 941

23, 702241, 89342, 818

298, 68031,261

143,91274, 39769, 515

123, 507192, 338

1.79303, 19531 834

146, 48078, 39568, 085

124, 881

99, 72624, 90992, 083

852, 366854, 959

5268

79

99, 746

100, 943

177, 806"180, 747a185 086° 37, 289

134, 306177, 750

40 00« 72, 785« 74, 833

» 32, 464177, 73234, 214

303, 62032 637

147, 78367, 77080, 013

123, 200191, 019

1.91306, 57633 000

150, 25368, 52481 729

123, 323

102 65430, 966

103, 274

797, 014789, 048

5358

66

90, 708

89 710

171, 947188, 827187 73438, 415

152, 098175, 711

40 0082, 05281, 580

18, 991178, 15936, 679

267, 38328 081

144, 47254,41290 06094, 830

218 833

1.95275, 40528 831

149, 80957, 15592 65496, 765

108 45625,912

108 024

785 374754, 153

5263

57

90, 534

88 271

162, 293204, 136211 52030, 858

154, 934176, 766

40 0087, 56786, 829

19, 676184, 87540, 746

278, 55133 897

153, 57965, 05088, 52991,075

158 815

1.95275, 70034 448

151,43464, 72686 70889, 818

105 10115, 872

107, 465

738 266733, 585

5059

7

85, 419

88 580

185, 637175, 304172 28533, 847

148, 427168, 787

40 0080, 89582, 031

18, 566199, 84537, 557

139 835

2.10

14, 713

5154

65

187, 821188, 381186 80534, 711

140, 955168, 752

40 0084, 89784, 629

17, 784208, 89534, 737

144, 133

2.10

11, 408

5761

55

131,919174, 447169 05440, 445

153, 958124, 584

40 0071, 54468, 127

22, 060192, 80838, 345

109 405

2.10

9,239

6764

65

. ...

239, 443211,819207 90642, 973

156, 721168, 839

40 0084, 96688, 078

18, 630192, 33545, 749

77, 150

2.10

14, 243

::::::~6363

65

.

157,031216, 510220 76937, 247

160, 815196, 490

40 0080, 50583, 196

22, 335202, 467

43, 432

125, 486

2.10

17, 555

5961

54

222, 071242, 490236 76442, 459

193, 088204, 036

40 0089, 72689, 957

20, 337216,06146, 200

136, 947

2.10

11,051

6759

54

202, 177229, 637225 44946, 782

154, 175200, 004

40 0082, 26078, 480

24, 080241, 13628, 915

150 031

2.10

21, 037

212, 845208, 238199 92655, 099

150, 500197, 227

40 0074,01768, 047

30, 174253, 489

28, 202

142 864

2.10

17 272

183, 930216, 164209 93861, 359

145, 095171, 390

40 00« 79, 971« 89, 984

20, 601270, 690

27. 670

* New series. For earlier data on hand-type vacuum cleaners see p. 20 of the August 1934 issue. Data prior to July 1931 not published on brass plumbing fixtures.t Revised series. For earlier data see pp. 18, 19, and 20 of the November 1933 issue for chemical, mechanical wood pulp, and total paper; p. 49 of the June 1933 issue for

1932 for chemical wood pulp imports; and p. 19 of the December 1933 issue for book paper.# See footnote on p. 35 of this issua. Data or 1933 revised. See p. 20 of tfce October 1934 issue.0 Revised.

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November 1934 SURVEY OF CURRENT BUSINESS 51

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934Septem-

ber

1933Septem-

ber October Nobveerm- Decem-

ber

1934

January Febru-ary March | April May June July 1 August

PAPER AND PRINTING—Continued

PAPER— ContinuedPaper board: *

Production short tons..Shipments short tons

Box board: §Consumption, waste paper short tonsOrders:

New short tonsUnfilled, end of month short tons _

Production _ _. short tons..Operations percent of capacityShipments . - short tons..Stocks end of month short tonsStocks of waste paper, end of month:

At mills short tonsIn transit and unshipped purchases

short tons.-Writing (fine) paper: f

Production short tons..Percent of capacity

Shipments! short tons _Wrapping paper:

Production} short tons .Percent of capacity _

Shipments! short tonsAll other grades:

Production! short tonsShipments! short tons

PAPER PRODUCTSAbrasive paper and cloth, shipments:

Domestic reamsForeign _ reams. _

Paper board shipping boxes:Operating time total percent of normal

Corrugated percent of normalSolid fiber percent of normal

Production tot?l thous of SQ ftCorruaated thous. of sq. ftSolid fiber thous. of sq. ft

PRINTINGBlank forms, new orders thous. of sets_.Book publication, total.. .number of editions..-

New books number of editionsNew editions - number of editions-

Operations (productive capacity)-__1923=100._Sales books:

Orders new thous of booksShipments thous. of books..

48, 9866,990

76, 895852712140

11,79910, 793

349, 903349, 553

187 837

238 771105, 423252, 452

70 7226, 33665 110

105 471

20, 245

42, 76776

41, 441

140, 33498

136, 826

143 470147 918

61 6566,699

818764

566 267452 869113,398

60, 00982469912568

10 95810, 483

301, 868307, 000

161 o95

185 02662, 177

228, 41660 1

191,98963 315

119 809

15, 374

46, 63670

43, 232

129, 65889

123,045

142 792141 221

80, 3667,823

717849

493 888395 81498, 074

69, 31875464311171

9 69711, 627

292, 741276 348

145 307

199 05955 080

206, 93354 1

175 14870 263

137 287

30, 143

40, 95861

38 378

109 74275

109 303

160 313151 496

44 5958,972

637040

42? 365335 55186 814

69, 32965254510774

9 34110, 538

265, 468264, 672

121 703

169 11648 920

176, 33747 1

152, 71264 965

150 645

20, 577

43, 23665

39, 993

99, 25970

100, 053

157, 350151 528

29, 58111,733

566337

378 189303 101

75, 088

60, 08388276411874

11, 2019,668

170 763

218 16963 328

230,31157 3

187, 55777 825

176 761

27, 679

41,3119,450

62, 642470393

7772

9,43011,219

176 423

234 31875 143223,366

63 5192,68575 687

193 321

36, 865

46 23510 947

60, 7896305399174

9 7339, 932

222 074

264 98586 033

254, 81963 4

221, 11484 326

204 259

31, 296

56 81115, 322

72, 204806677129a 77

12 13510, 953

191 545

230 75476 578

244, 33466 1

213, 95682 190

213 308

28, 443

57 0977,312

70, 209585

i 49194

"75

9 78210, 655

167 978

225 95780 958

223 47855 4

197, 54374 670

223 262

27 682

58 12111,854

72, 16754245785

°77

11, 65011, 395

205, 418

214,23672, 990

22,1,21457. 1

190, 89670 659

219 847

15. 950

54, 1858, 030

92, 18269856413471

11, 12711,470

231,937

200, 27873, 256

201, 92452.6

179, 264a 69, 119

230, 557

27, 631

46, 0508,100

63, 1334853869971

11,42211, 357

246 18771 523

246, 26658 7

223 68669 034

48, 5288,216

70

69, 9375524579570

11,12913,010

RUBBER AND RUBBER PRODUCTS

CRUDE AND SCRAP RUBBERCrude:

Consumption total long tonsFor tires J! _ _ __ long tons-

Imports, total, including latex ! #_long tons-Price, wholesale, smoked sheets, N.Y.

dol, perlb_.Shipments, world _ long tons _Stocks, world, end of month f long tons..

Afloat, total __ . _ _ long tonsFor United States. long tons..

London and Liverpool long tonsBritish Malaya long tons._United States! long tons

Reclaimed rubber:Consumption long tons..Production _ long tons..Stocks, end of month long tons..

Scrap rubber:Consumption by reclaimers long tons

TIRES AND TUBES JPneumatic casings:

Production thousandsShipments, total thousands..

Domestic . thousands-Stocks end of month thousands

Solid and cushion tires:Production _ thousandsShipments total thousands

Domestic _ _ thousandsStocks, end of month. thousands..

Inner tubes:Production thousandsShipments total thousands

Domestic thousandsStocks, end of month __ ... thousands

Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics thous. of lb ,_

27, 317

32, 010

.154

665, 00083, 53948, 539

113,052103, 485364, 108

5,1326,974

20, 319

P 2, 832v 3, 052p 2, 967v 8, 196

pl5p 14P 14P33

P 3, 022P 2 958•p 2 896P 7, 430

31 04720 16146, 255

.07374, 000

619, 01997 46871, 56895 02285, 207

341 322

5,8189,809

10, 473

37 638

3 1992,8032 7146 076

15141324

3 0702 7782 7195 607

13, 592

27, 75817,98446, 034

.07684, 000

628, 127101, 53073, 21089 76681, 758

352 782

5,3378,898

11,713

2,7432,0301,9436 769

12111126

2 8052 1412 0796 265

11, 116

25 37115,71241, 821

.08678, 111

646, 423109, 95571, 42587 98485, 231

363 253

4,6888,519

12, 652

2 4321,7581,6867 397

119g

28

2 2901 6821 6366 900

10, 447

25, 30615,47140, 751

.08887, 801

644, 898109, 50869, 50886, 50587, 185

365, 000

4,4048,966

13, 692

33, 486

2,4662,8252,7267,110

11131226

2,1052 7282 6566 252

9,986

35, 15926,76749, 088

.09382, 000

643, 35592, 21057, 21090, 32088, 215

372 610

5,6009,238

17, 227

3,8043,1263,0439 394

14141330

3,4453 1033 0458 151

16, 437

36, 54828, 30435, 220

.10485, 000

652, 690103, 32966, 32992 51992, 210

364 632

6,4238, 934

16, 770

4,2053,1863,106

10 403

12131228

3,9563 2243 1648 892

18, 721

43 32933,76642, 253

.10983, 000

653, 000105, 40368, 40394 33796, 499

355 254

8,32810, 79018, 333

a 32 731

5 0254,0963,966

11 301

15151428

5 0393 9953 9069 937

20, 927

40, 90231,21945, 175

.12684, 000

647, 993108, 31470, 31496 13497, 146

351 759

7,69710, 18518, 508

4,6274,3054,212

11 621

16141330

4,5934 2124 141

10 267

19, 371

39, 57130, 19549, 901

.133115, 000659, 865112,40172, 40196, 21496, 971

354, 909

7,98010, 84819, 454

4,3235,1725,049

10, 793

19181729

4,2284,7554,6639,741

18, 785

36, 62027,61148, 748

.13470, 000

660, 69998, 37358, 37399, 733

102, 045360, 548

7,61510, 82019, 641

36, 875

4,4125,0714,9569,913

21191931

3,9745 1505,0588,532

17, 716

30, 03522, 03342, 674

.146a 70, 000"672, 312

<* 92, 76657, 336

105, 989106, 448367, 109

7,0069,446

22, 035

3,2524,0333,9549,154

18181730

3,4254,1934,1337,812

13, 267

30, 31222, 50932, 700

.15574, 000

a 662, 70185, 34850, 348

105, 290a 107, 607- 364, 456

7,0668,160

20, 649

3,4274,1794,0918,436

18161533

3,5704,0724,0037,328

13, 724

° Revised.t Revised series. For earlier data see pp. 19 and 20 of the December 1933 issue for writing, wrapoing, and other grades of paper; for 1932 revisions, p 50 of the June 1933

issue for crude rubber imports; and for 1932 revision, p. 50 of the May 1933 issue for world and United States stocks. Data on consumption of rubber for tires revised for1932, 1933, and 1934. For revisions see p. 51 of the Aug. 1934 issue.

§ Earlier data on box board not available, prior to January 1933. Box board production and shipments are included in the paperboard figures through December 1933since a large part of the paperboard is box board. Certain revisions are being made in box board report. Revised data are expected to be available for the December issue.

t Data for 1934 are estimated to represent approximately 97 percent of tne industry; data are estimated to cover 79 percent of the industry for 1929-33. inclusive, and75 to 80 percent prior to 1929.

# See footnote on p. 35 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue.* New series. See p. 19 of the December 1933 issue. p Preliminary.Digitized for FRASER

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Page 54: NOVEMBER 1934 SURVEY - FRASER · 2018-11-06 · November 1934 SURVEY OF CURRENT BUSINESS Business Situation Summarized BUSINESS activity has developed a firmer tendency in recent

SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may he foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

SeP^- October N(^m- i Decem- r Febru i -»„ uber January ary | March

1934

)ril May June July August

RUBBER AND RUBBER PRODUCTS— Continued

MISCELLANEOUS PRODUCTS

Rubber bands, shipments thous. of lb_. 231Rubber clothing, calendered:

Orders, net.-.number of coats and sundries. JProduction., number of coats and sundries. - ,. ........

Rubber-proofed fabrics, production, totalthous. of yd. . !

Auto fabrics thous. of yd..|..Raincoat fabrics ._ thous. of yd._i-, , , .

Rubber flooring, shipments. .. thous. of sq. ft.-!Rubber and canvas footwear: • !

Production, total thous. of pairs,,! 3,918Tennis thous. of pairs. J 877Waterproof thous. of pairs. .1 3,041

Shipments, total thous. of pairs ' 6, 498Tennis thous of pairs i 911Waterproof thous. of pairs < 5, 587

Shipments, domestic, total thous. of pairs. . 6, 436Tennis thous. of pairs ! 857Waterproof thous. of pairs..! 5,579

Stocks, total, end of month, thous. of pairs.. 15, 858Tennis _ _ thous. of pairs i 5,821Waterproof . . thous. of pairs '• 10, 037

Rubber heels: iProduction . . thous. of pairs 'Shipments, total* . , _ _ _ _ . thous. of pairs i

Export thous of pairs !Repair trade thous of pairs iShoe manufactures thous. of pairs

Stocks, end of month .. thous. of pairs . .Rubber soles: !

Production — — thous. of pairs..'.. .......Shipments, total * thous. of pairs

Export . thous. of pairsRepair trade thous of pairsShoe manufactures thous. of pairs.-! — - -

Stocks, end of month _ thous. of pairsMechanical rubber goods, shipments: i

Total thous. of dol.-!— — .Belting.. _..._„-._.. thous. of dol— i. — —Hose . thous. of dol ..I _ _ . - .Other.. thous. of dol— i - -

208

27, 94837, 371

3,948375

2,483252

4,8271,3793, 4486,0611,2614,8005,9931,2154,778

12, 5124,2528,261

19, 62114, 809

3064, 6359,86d

28, 637

4,3513 803

3281

3,5183,645

3,675882

1,2061,587

188

23,52641,612

3,740317

2,393329

6,6041,7114,8936,573

7465,8266,525

7195, 806

14, 3415,4888,853

19, 10314, 157

3403,765

10, 05233, 750

4,2443 678

9333

3,3364,286

3,275808

1,1171,350

185

14, 87838, 342

2,458318

1,165268

6,7522,0714,6826,289

8375,4526,209

7795,430

14, 8586,7218,137

15, 95511, 287

3374,5526,398

38, 436

4,0542 763

2409

2,3515,559

2,836607

1,0131,216

186

13,81827, 074

1,682306628211

6,0692,4363,6334,525

8923, 6334, 506

8873,619

16, 3588,2658,093

13, 62512, 738

3223,2159,201

37, 528

4,4964 527

3281

4,2444,281

2,848627

1,0151,206

303

13,81121, 777

2,488257939273

6,2473,5842,6637,2314, 1333,0987,2074,1293,078

15, 5837, 7427,841

14, 82613, 463

4322,833

10, 19842, 587

5,4995 594

3885,2015,090

3,479699

1,2971,483

220

15, 24620,062

3,194301

1,429393

5,4303, 5801,8504,5853,2411,3454, 5553,2201,335

16, 3948,1658,229

16, 29320, 544

1759,273

11,09638, 986

5,7115 804

1617

5,1865,010

3,491757

1,1471,587

262

19, 96311, 364

3,575434

1,527490

6,4674,1862,2816,8455,4191,4266,7965,3781,418

16, 0166,9329,084

19, 90319. 294

3476,605

12, 19939, 592

5,7265,770

3532

5,2354,838

4,437830

1,5002,108

342

15,61513, 795

3,877575

1,670437

4,8432,4512,3922,7491 868

8812,6731,798

87517, 7747,378

10, 396

17 80216, 991

3284,673

11,99139, 961

5,0184,739

5275

4,4594,989

4,297863

1,4981,937

293

20,93021,610

3,908594

1,778540

4,9191,8193,1002,9272 084

8432,8742,036

83820, 0807,259

12, 821

19 60320, 120

1376,928

13, 05539, 763

5,0404,881

1493

4,3875,360

4,589959

1,7901,840

238

24, 33627, 149

3,156478

1,320449

4,4781,5662,9123,6131 9801,6333, 5611 9331,629

20, 9456,846

14, 099

19 41220 513

4263, 946

16, 14238, 446

4,7725 050

10241

4,7994,955

4, 4241 9901 1,583i 1, 852

220

3,332526

1,269372

3,587843

2,7444,6111 1743 4364,5941 1703,425

19, 9356 515

13,419

15 90315* 656

3464 4g5

10 82538 997

3,0823 277

2a 318

« 2, 9564 933

3,8341,0011, 3621,472

237"

4, 291570

1,827413

5, 1611,0114,1.506, 5291 5434 98d6, 4481 4674,982

18, 5675 983

12, 584

18 60515 493

33Q4 936

10 21842, 140

3,60!3 602

2382

3,2184, 894

3, 929

1, 3991,540

STONE, CLAY, AND GLASS PRODUCTS

10. 50

BRICK §

Common brick, wholesale price, red, N.Y.dol. per tho'is—

Face brick (average per plant):Orders, unfilled, end of nio.-thous. of brick..Production (machine)* .-thous. of brick--Shipments . thous. of brick--Stocks, end of month | thous. of brick..

Sand-lime brick: iOrders, unfilled, end of ino.-thous. of brick.-j._.......Production -.thous. of brick..!Shipments by rail . -thous. of brick--!..--Shipments by truck ...thous. of brick..j..-------Stocks, end of month thous. of brick—J-.-------

9.25 |

379 j185 j180

2, 778

315 !903 i

15 i975

2,608

1. 5955,63825.5

6,51721,2166,507

328 !174 !208 i

2, 705 j

245 |882 i19

8912,189

1.6035,03722. 16,75019, 5026,204

8.75 I

320 !174 '123 •

2, 750 ;

1, 775 !1,431 I

773 !642

1,485 ;

9.00

340109111

2,717

756010

8002,010

9.25 |

355 !53 i133 |

2,663 I

100 i967 !16 !791

2,213

!

1. 6034, 67221.24,463 |19, 709 |5,877 |

1.6033,52615 53,73819,5415,717

1.6503, 77916.63,77819, 5475,919

644 i33 I77 I

2, 532 |

900 I359 i54 I366 |

2, 042 I

10.50

66457136

2,483

355563126721

1,755

t

i

1.6504, 16820.2

2, 95220. 7625,936

10,50 !

657 i104 ;149 ;

2,464 ;

705 •437 •29 i

1,0061,518

1.6505, 25723.04,61821,4226,318

2,920 I49 23,1377,480 !

1,5221.9181,763

1,936 !75.4 |4,367 |

10. 50

621137 |197 I

2, 450 |

605 i1,340 !

60 I1,346 i1,324

10. 50

545158180

2, 380

4251, 228

44965

1,434

I

1. 5756, 54429.66, 49221,5576, 565

3.032 i55,. 1 !2,9147,558 !

1,1451,7941,495

1,255 i48.9 I4.615 !

1.570 |8, 554 i37,58,784 :

21,3016, 304

1. 6508, 78639.88,53921,6000. 424

10. 50 !

503 i179 |181 |

2,300 |

1551,219

45848

1,351

1.6508, 13435.77, 89321,8526, 588

1,49.11,858 .1, 512

1,427 • 1,105 j43.1 !

4,610 i

10. 60

405131208

2,333

1481,137

451,045"

PORTLAND CEMENT |

Price, wholesale, composite —dol. per bbl-.j 1.650Production thous. of bbl..| 7, 680

Percent of capacity.. _._ j 34.8Shipments . thous. of b b l _ _ I 7, 388Stocks, finished, end of month..thous. of hbl-| 21,716Stocks, clinker, end of month._.thous. of bbl_. •*>,968

GLASSWARE, ETC.

Glass containers: #Production,. thous. of gross.J 2,860 2,158 \ 2, 237 S 2,123! 1,997 2, 770 i 2, 600 !

Percent of capacity.. . 511 6 7 . 6 ' 67.4 i 6 4 . 0 ! 6 2 . 6 ' 4 6 . 6 ! 4 9 . 2 !Shipments... thous. of sjoss-. 3,272 2,529 j 2 ,084! 1,806 i 1,873 i 2,662 j 2,585 jStocks, end of month thous. of gross. J 7,215 4,736! 4 ,796! 5,112 i 5, 238 i 7,078 7, 719 i

Illuminating glassware:*Orders: ,

New and contract .number of turns..; 1,411 1,556; 1,473! 1,5711 1,150 1,480 i 1,781Unfilled, endof month..number of turns—| 2,235 2 ,0271 1,856 ! 1,958 I 1,805 < 1,865] 2,259

Production ..number of turns—i 1,188 1,926! 1,713! l , 588 j 1,030! 1 ,460] 1,256Shipments: ! | ; 1 i !

TotaL.. number of turns..! 1,427 1,736! 1,582! 1,423 i 1,171 i 1,439 1,413Percent of full operation ' 55.6 61.2 | 55."! 50.5 4 1 . 2 ! 5fi. 1 55.1

Stocks, end of month number of turns..I 4,457 4,205 i 4,165 j 4,656 4,286 i 4,581 4,431Plate glass, polished, production t ! I ! ;

thous. of sq.ft..; 6,738 8,925 i 5,794 | 4,169! 6,34"! 7,607 7,441 ! 9,927 j 8 ,629 ; 7,764 69 52is \* Revised* New series. Earlier data not published on rubber heels and soles prior to December 1932, and on illuminating glassware prior to July 1932 (except production and

percent of capacity); for earlier data see p. 20 of the June 1933 issue, face brick, machine production.§ Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period.J Adjusted for degrading and year-end physical inventories.t Revised data for 1933 represent total production for the United States.* Series on glass containers are not crrnpirable for 1934 and earlier yeirs due to increase of number of firms reporting to 44. Shipments of the 44 firms for the first 9

months of 1933 amounted to 26,148,936 compared with 17,749,269 for the 30 firms reporting a year ago. Comparable statistics on shipments for the companies, now reportingby years, from 1928 to date were as follows (in sross): 1928. 31.943.016: 1929. 33.765.896: 1930. 31.933.9W. 19H. 31.413.508: 1932. 26.947.949: and 1933. 33.048.747. Dritd are notavailable for this period on production and stocks, nor are monthly figures on shiornents available. It may be noted from the trend of these data that the monthly figuresprior to 1934 had a downward bias. Basis of estimating capacity was changed in computing the new series.

• In October 1933 4 new companies v\cre included in t i e i t r c i t and cue additional ccrrpany in January, 1934. Since that month, the coverage of the industry h1 00 percent. In preceding periods the coverage varied but was about SO percent. Overlapping figures are available for October 1933. See the October 1934 issue.

L 6507,86334.5

8, 29?21,419fi, 358

M. 23.080

i,4232,2161, 453

I. 39049. 94.64U

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November 1934 SURVEY OF CURRENT BUSINESS 53

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

Septem- Jber i

19

October

33 j

Novem- j Decem- i »

1934

Febru-ary March ! April j May

I !June July 1 August

STONE, CLAY, AND GLASS PRODUCTS—Continued

GYPSUM*Crude (quarterly):

Imports „ „ short tons . „ ,,..Production short tons 'Shipments (uncalcined) _ short tons '

Calcined (quarterly):Production short tons

Calcined products (quarterly): 1Shipments: !

Board, plaster (and lath) thous. of sq. ft. '. -.„..Board, wall thous. of sq ft iCement, Keenes short tons 'Plasters, neat, wood fiber, sanded, gaging,

finish etc short tons iFor pottery, terra cotta, plate glass, mixing |

plants, etc - . . short tons L. .,.,..TUe partition thous ofsq ft

TERRA COTTA I

Orders, new:Quantity short tons • 515Value.. thous. of dol.j 50

117, 532431, 521158,061

264, 805

35, 33954, 9434,232

187, 152

30, 8611,715

71765

!

342 34134 j 33

88,820241, 10089,511

182, 194

21, 79641,3142,752

139, 623

17, 2201,333

76452

1,159112

50639

0266 76185, 747

206, 476

19,33943,0582,514

149, 420

24, 0632,222

90282

88069

...

.........

.........

99695

90, 453432, 020173, 218

319, 983

31, 59176 2184 258

226 405

29,4372 426

1 630122

96483

1,38284

TEXTILE PRODUCTS

CLOTHINGHosiery: *

Production thous. of dozen pairs.Shipments thous. of dozen pairsStocks, end of month. thous. of dozen pairs

Men's and boys' garments cut:Overcoats thous. of garments..Separate trousers ...thous. of garments..Suits thous. of garments..

COTTONConsumption t....... ....-thous. of balesExports:

Quantity, exclusive of lintersthous. of bales.-

Value. (See Foreign Trade.)Ginnings (total crop to end of month)

thous. of bales..Imports* .....thous. of bales..Prices:

To producer »..».....dol. per lb_.Wholesale, middling, N.Y _dol. per lb..

Production, crop estimate thous. of bales..Receipts into sight 1 thous. of bales..Stocks, end of month: f

Domestic, total mills and warehousesthous. of bales..

Mills thous. of bales..Warehouses thous. of bales-

World visible supply, total thous. of bales..American cotton ...thous. of bales..

COTTON MANUFACTURES

Oottpn yarn:Prices, wholesale:

22/ls, cones, Boston ... dol. perlb..40/ls, southern, spinning dol. per lb_.

Cotton goods:Abrasive cloth. (See Paper Products.)Cotton cloth:

Exports § , thous. ofsq. yd..Imports # thous. ofsq. yd..

Prices, wholesale:Print cloth, 64 x 60.... dol. per yd..Sheeting, brown, 4 x 4 (Trion mill)

dol. per yd..Cotton cloth finishing: •

Production:Bleached, plain... thous. of yd..Dyed, colors thous. of yd..Dyed, black . thous. of yd..Printed ..-.thous. of yd..

Stocks: •Bleached and dyed.... thous. of yd..Printed thous. of yd

Spindle activity: tActive spindles --thousands--Active spindle hours, total, .mills, of hours..

Average per spindle in place hours..O perations percent of capacity.

296

480

" 6, 7488

.131

.131/9,4431,676

8,6731,0577,6167,2105, 225

316(2)

17,3302,512

.074

.082

111,58173, 4076,16290, 772

266, 886101, 083

22, 1133,71612054.3

9,505

5271,7921,385

199

869

5,90811

.088

.097

2,141

8, 5361,1607,3767,9016,385

.339

.505

13, 7882,442

.067

.080

25, 9937,053229

"99.5

8,91815, 152

6531,7021,163

504

1,045

10, 35510

.090

.097

3,252

10, 8381, 3639,4749,3837,828

.321

.494

13,0953,204

.067

.078

25, 8847,256235

101.9

8,0187,69715, 473

3541,191907

475

915

12,10613

.096

.100

2,349

11,9771, 57310,4049,8488,203

.295

.478

15,0923,925

.065

.076

25, 4216,79522096.3

6,1486,00915, 612

135929

1,061

348

820

12,3569

.096

.102•13,0471,283

11,9771,64210,33510,0608,255

.301

.458

17, 9194,004

.066

.073

108, 32860,2944,61686,517

341, 351137, 661

24, 8285,080164

« 73. 3

7,2086,76016, 164

508

739

12, 55713

.103

.113

715

11, 1021,6069,4909,8377,693

.316

.467

16,7903,985

.069

.077

122,86976, 6784,76199,901

332, 985106,280

25, 6476, 97322598.5

8,9888, 16517,091

477

628

14

.117

.123

427

10,2931,6578,6379,2847,025

.322

.479

20,0714,616

.072

.081

132, 67889, 1925,258

104,920

325, 313104, 949

26, 3806,692216

101.5

10, 24010, 38117,053

545

550

12, 66419

.117

.123

598

9,4991,6517.8488,8686,516

.327

.480

22, 5565,426

.070

.082

163, 772117, 5626,416

131,426

327, 04099, 614

26, 5257,706249

« 102. 7

9,7019,32617, 531

513

387

12

.116

.119

522

8,6791,5857,0948,5666,093

.320

.471

23,7916,135

.067

.080

150, 138104,6895,916

122, 951

308, 895106,388

26, 4857, 259234

"105.6

9,9929,48718, 139

519

285

15

.110

.114

515

7,9821,4226,5607,9595, Ml

.301

.458

22, 7923,817

.063

.077

137, 05397, 8385,834

114,803

310, 471107, 128

25, 8987,268234

°98.0

8,2578,33518, 164

363

459

10

.116

.123

339

7,3111,3265,9857,3625,040

.298

.451

21,2231,701

.064

.076

106, 74173,9544,88583, 414

314,413118,034

24,6215,241169

« 72.6

6,4436,25418, 353

360

306

10011

.123

.129

432

6,7941,2285,5666,9504,737

.308

.459

15, 6471,944

.067

.077

101, 01566, 4725,68675, 833

°310, 039*109', 756

24,418i 5, 152

1671 74.3

7,7318,76617, 319

421

268

1,39811

.131

.134

527

6,9051,0815,8246,6394,532

.315

.464

» 14, 4562,108

.071

.079

113, 20973, 6515, 738

84*, 499

"269, 461alQl, 057

24, 154i 5, 753

18676.8

• Dec. 1 estimate. /As of Oct. 1. o As of Oct. 18.« Revised.* New series. For earlier data on i

represent 95 percent of the industry.Oode Authority. Data on cotton cl< „ r , ^figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are as repoited at end of each 4-week period.

1 For revisions for crop years 1932 and 1933 see p. 52 of the October 1933 issue and p. 52 of the September 1933 issue, respectively.t For revisions of cotton consumption domestic stocks and spindle activity for the year ended July 1932 see p. 20 of the February 1933 issue, and for cotton consump-

ilon domestic stocks and spindle activity for the year ended July 1933 see pp. 52 and 53 of the November 1933 issue.8 Data revised for 1932. For revisions see p. 53 of the June 1933 issue. Data revised for 1933; see p. 20 of the September 1934 issue.# See footnote on p. 35 of this issue. Data revised for 1933; see p. 20 of the October 1934 issue.• Stocks at end of 4-week periods through June 16. July figures are averages for July 14 and Aug. 11. August figure as of Sept. 8. Subsequent data will be for suc-

."wding 4-week periods.2 No quotation.

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54 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January Febru-ary March April May June July August

TEXTILE PRODUCTS—Continued

KAYON AND SILKRayon:

Imports § # thous. of IbPrice, wholesale, 150 denier, "A" grade,

N Y dol.perlb..Stocks, imported, end of month_thous. of lb_.

Silk:Deliveries (consumption) balesImports raw § # thous. of l b__Prices wholesale:

Raw, Japanese, 13-15, N.Y dol. per lb_.Silk goods, composite dol. per yd_.

Stocks, end of month:World visible supply balesUnited States:

At manufacturers - _-bales__At warehouses... bales..

Silk manufacturing:Operations, machine activity:

Spinning spindles: *All percent of capacity __5 B percent of capacity _.

Weaving:Broad looms f percent of capacity. .Narrow looms f percent of capacity..

Silk piece goods:*Commission mills:

New orders yards per loom..Production yards per loom..Shipments yards per loom..

Stock-carrying mills:Production yards per loom..Shipments - vards per loom..Stocks, end of month.. .yards per loom__Still to come off looms. .yards per loom__

WOOLConsumption, grease equivalent__thous. of l b _ _Imports, unmanufactured § # thous. of l b _ _Operations, machinery activity: *

Combs, worsted percent of capacity-.Looms:

Carpet and rug .percent of capacity ..Narrow percent of capacity ..Wide percent of capacity. _

Spinning spindles:Woolen percent of capacity--Worsted percent of capacity .

Prices, wholesale:Raw, territory, fine, scoured dol. per lb_-Raw, Ohio and Penn., fleeces-.- dol. per l b _ _Suiting, unfinished worsted, 13 oz. (at mill)

dol. per y d _ _Women's dress goods, French serge, 54" (at

factory) - dol. per yd..Worsted yarn, 2/32s, crossbred stock, Boston

dol. per lb._Receipts at Boston total thous. of Ib

Domestic thous of IbForeign thous. of Ib

MISCELLANEOUS PRODUCTSBurlaps and fibers, imports: § #

Burlaps thous. of lb_.Fibers - - long tons..

Buttons and shells:Buttons:

Imports total § # thous of grossFrom Philippines thous. of gross..

Fresh- water pearl:Production percent of capacity--Stocks, end of month thous. of gross..

Shells, imports, total § # thous. of l b _ _Mother-of-pearl thous. of Ib _

Tagua nuts imports § # thous. of IbElastic webbing shipments thous. of dol._Fur, sales by dealers thous. of dol _Pyroxylin-coated textiles (artificial leather):

Orders, unfilled, end of mo.thous. linear yd..Pyroxylin spread thous. of l b _ _Shipments billed thous. of linear yd. .

11

0.55276

32 5996 846

1. 1250.93

76, 645

28 036.9

242 3232.2248 2

175.1333.3818.6324. 5

* 23, 8617, 567

29

301828

4521

0.760.30

1.634

1. 139

1. 18

27, 12110, 978

7570

37.06,432

222165667

2,171

3,0503,2943,031

395

0,65398

31, 1857,007

1.8891.04

283, 731

24, 48073, 800

34.833.6

331. 1351. 5726. 3510. 4

50, 46721, 308

108

494873

8269

0 820,39

1.800

1.125

1.2928, 98122 2046 777

25, 09718, 974

5344

« 53. 25,832

506483

2,2161,0742,743

2,6602,7612,718

770

0.65504

28, 5217,029

1.6471.04

301, 981

23, 07893, 625

35.531. 1

283.1253. 1785. 8495.4

51, 03719, 633

108

494162

6865

0 840 41

1.800

1.125

1.3518,93115 2413,690

49, 84821, 824

10274

60.45,827

505365

3,0661,097

876

2,5562,6972,578

92

0.65507

34, 8225,472

1.4651.04

323, 171

23, 15391, 122

41.634.8

323.2276. 4880.3436.7

43, 46615, 997

100

463964

6360

0 850.41

1.800

1. 125

1.3514, 06811 0732, 995

33,91418, 713

12582

58.86,211

667612

1,506877711

2,4772,1572,024

338

0.65506

26,9594,833

1.4161.04

314, 921

24, 76296, 786

39.234.9

46.229.1

327.0333.0898.7463. 5

33, 57016, 168

76

352757

5446

0.880.42

1.800

1.125

1.356,1764,8241,352

31, 06122, 195

4539

41.87,3151,057

3931,223

7091,154

2,5992,3512,148

32

0 65488

40, 9423,895

1.4531.04

317,000

23, 13983, 820

56.040.2

52.832.0

364.0458.5811.8521.0

35, 9689,637

74

353467

7052

0.880 42

1.800

1. 125

1.35

35, 76828, 406

15761

44.87,328

274254

1, 457883

3,515

3,3833,2832,876

64

0.65477

39, 0214,279

1.5501.04

307, 000

22, 41574, 607

62.552.0

64.337.0

416.0412.4831.0454.7

34, 34812, 622

65

403969

7648

0.880 = 4 2

1.800

1.125

1.35

26, 34618, 839

7247

46.57,3421,862

5591,291

9893,077

4,2105,2783,812

42

0.65467

44, 0805,796

1.4051.04

287, 000

22, 64062, 828

59.753.2

62.336.6

468.0780.9766.3

446.6445.8901.1430.3

36, 11916, 975

61

433866

7544

0.870.40

1.763

1.125

1.35

35, 11323, 059

7847

62.77,1871,608

657867

1,2043,148

3,8115,1994,854

14

0.55449

37, 3924,798

1.3181.01

278, 000

21, 90261, 083

48.645.9

54.935.8

277.0614.8572.0

344.9390.2937.7384.1

29, 88913, 567

46

394055

7039

0.850.37

1.650

1.103

1.35

30, 57317,861

5435

61.77,327

345168

1,148956

2,209

3,3464,6814,023

30

0.55440

38, 7405,176

1.2840.96

268, 000

21,67561,060

31.539.5

37.930.0

247.3434.2411.7

269.7357. 7890.3378.5

28,2137,458

47

424156

6840

0.840.33

1. 634

1. 119

1.31

34, 40017, 172

12177

57.97,303

414313638858

1,802

3,1393,3503,327

4

0.55372

33, 0695,037

1.1990.93

259, 000

20, 43059, 048

40 038.9

45.824 5

278 4458.5426 1

290.9271.1977.3372.8

26, 2138,003

40

463054

7129

0.840.31

1.634

1. 139

1.28

27, 09321, 399

4542

40.07,118

310226458705

1,643

3,2242,7062,645

24

0.55280

32 0214 719

1.1390.92

272, 000

19 47966, 268

41 537.2

42.724 2

290 2409.9414 8

273.2300.8

1, 004. 5327.4

* 26, 8197, 632

37

332653

7131

0.840.31

1. 634

1. 139

1.26

42, 47115, 010

7762

23.76,791

335199650646

1,991

3,3232,9722,649

27

0. 55275

36 2474 731

1.1330.93

285 000

18 50058, 694

40 337. 1

428 7462.2456 4

286.8429.5952.2320.0

6 29, 0667,046

38

352451

7226

0.760.31

1. 634

1.287

1.21

31,63115, 625

7970

34.56,6341,644

526524840

"2,656

3, 065a 3, 654

3,059

TRANSPORTATION EQUIPMENT

LANESnumber

d) numbernumber .mimber.-

123662136

107662813

81292725

71302219

96245715

67232420

95542615

119663518

175945724

1961138518

0 Revised.6 Since July 1934 report has been on a weekly basis. July figure here is for 4 weeks; August 4 weeks and September 5 weeks. Figures for July and succeeding monthsare computed from Census Bureau figures so as to represent 100-percent of the wool industry. July and August figures have been revised on this basis.

§ Data revised for 1932. For revisions see pp. 53 and 54 of the June 1933 issue. Data also revised for 1933; see p. 20 of the October 1934 issue.# See footnote on p. 35 of this issue.t Compiled by the Silk Code Authority (The National Federation of Textiles, Inc.) and represent the percentage of operations based on an 80-hour week (2 shifts of 40 hours

each). Data are not comparable with the series previously shown in the Survey which were based on a smaller sample and which were computed on the basis of a 48-hourweek. The code authority expects to adjust the old series to a comparable basis, when opportunity affords.

* New series. Silk spindle activity, compiled by Silk Throwing Code Authority; not comparable with spinning data previously shown. For earlier data on silk piecegoods (stock-carrying mills only) see p. 20 of August 1934 issue.

• Beginning with the July 1934 report the statistics are reported on the basis of 4 and 5 weeks, the weekly distribution being determined by the Saturdays. The statis-tics presented herewith are still based on the pre-code computed normal (currently based on the single-shift performance over the 5-year period 1928-32). The current datarepresent practically complete coverage of the industry.Digitized for FRASER

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November 1934 SUEVEY OF CURRENT BUSINESS 55

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1934

Septem-ber

1933

Septem-ber October Novem-

berDecem-

ber

1934

January ary March April May June July | Augusti

TRANSPORTATION EQUIPMENT—Continued

AUTOMOBILES JExports:

Canada:Automobiles, assembled number-

Passenger cars _ _ number..United States:

Value. (See Foreign Trade.)Automobiles, assembled, total§..number_.

Passenger cars§ - _ _ -numberTrucks§ - -number-

Financing:Retail purchasers, total thous. of dol .

New cars thous of dolUsed cars thous. of dol..Unclassined _. thous. of dol._

Wholesale (manufacturers to dealers)thous. of dol__

Fire-extinguishing equipment: fShipments:

Motor-vehicle apparatus number _ _Hand types number

Production:Automobiles:

Canada, total numberPassenger cars .. . number. _

United States, total f numberPassenger cars f- - - - .number..Taxicabs ..number..Trucks f number

Automobile rims thous of rimsRegistrations:

New passenger cars f numberNew commercial cars * number..

Sales:General Motors Corporation:

To consumers numberTo dealers, total numberU.S. dealers number. .

Shipments, accessories and parts, total *Jan. 1925 = 100.-

Accessories, original equipmentJan. 1925 = 100

Accessories to wholesalers Jan. 1925 = 100_.Replacement parts Jan. 1925 = 100Service equipment _ _ _ _ _ _ Jan. 1925=100..

R AIL WAY EQUIPMENTEquipment condition:

Freight cars owned:Capacity mills, of lb._Number total thousands

Bad order, total _ numberPercent of total in bad order..

Locomotives, railway:Owned:

Tractive power mills, of IbNumber __ __ . ._. .. number

Awaiting classified repairs number _ _Percent of total

Installed numberRetired ._ _ number

Passenger cars:On railroads (end of quarter) number

Equipment manufacturing:Freight cars:

Orders, new, placed by railroads cars..Orders, unfilled, total cars

Equipment manufacturers . carsRailroad shops cars..

Shipments, total . carsDomestic cars.

Locomotives, industrial electric (quarterly):Shipments, total __ number

Mining use numberLocomotives, railway:

Orders, new, placed by railroads-.number..Orders, unfilled, end of month:

Equipment manufacturers (Census)total number

Domestic, total _. numberElectric number. .Steam.. number..

Railroad shops (A. R. A.) number--Shipments:

Domestic, total ..number..Electric numberSteam number-

Exports, total f numberElectric ._ _. ._ numberSteam number

Passenger cars:Orders, new, placed by railroads.. number. _Orders, unfilled (end of quarter). number. _Shipments, total _. number

Domestic numberELECTRIC TRUCKS AND TRACTORSShipments, industrial, total number

Domestic -.number-Exports number..

i

3, 3432,285

17, 76610, 2367,530

3923, 056

5,5794,211

168, 872123, 909

044, 963

526

146, 93137, 225

71, 64871, 88853, 738

.

186, 1091 937

296, 41815.5

2,28547, 78210, 616

22 248

475

45 4952,0733,422

8787

1

12711556590

133

1088o0

39363

2,1901,726

10, 9446,3304,614

62, 53940 88720, 393

1,259

51, 127

1718, 348

5,8084,358

191, 800157, 367

934, 424

701

"157, 834« 31, 269

71, 45881, 14867, 733

74

6610112048

194, 3872 047

295^ 05614.6

2.38250, 78810, 735

21 553

346

47, 232

19275

0275

4222

3838

1

83797811

211312

030o

51483

2,8682,428

11,4735,9065,567

57, 50336 79019, 6651,048

38, 963

1917,996

3,6822,723

134, 683104, 807

6329,813

523

136, 32628, 058

63, 51853, 05441, 982

59

4791

10947

193, 5562 038

295, 08714.7

2,37950, 67710, 963

22 042

162

520127

0127162112

4

83797811

0oo743

0

0o

57670

1,7501,228

6,7033,5273,176

43, 88926 27816, 741

870

17, 703

1421, 892

2,2911,503

60, 68340, 754

1,61118, 3] 8

506

94, 18018, 691

35,41710, 3843,483

56

4486

10546

193, 0502 031

295, 78414.8

2,37250, 44610, 824

21 826

261

665125

01256262

1

82797721

110642

0

0o

60582

1,6251,042

9,5263, 0666,460

33, 12417 79414, 532

798

16, 573

2725, 356

3,2622,171

80, 56549, 490

1,29929, 776

627

58, 62415, 580

11 95121, 29511,191

59

53678943

192, 8262 027

289, 98514.5

2,37050, 32310, 895

21 935

294

46, 407

12224

02246766

3837

10

74727201

752

1697

060o

67643

2,3841,118

11, 2583,6857,573

34, 43719 19014, 420

827

35, 879

1921, 204

6,9044,946

156, 907113,331

32143, 255

789

61, 24222, 903

23, 43862, 50646, 190

78

7477

10257

192, 1672 019

286, 92814.4

2, 36350. 10310, 965

22 238

258

150732

107224822

0

979585101

550743

0

oo

46397

3,0262,269

14,9118,8726,039

45, 37829 29015, 198

890

61,514

2015, 715

8,5717,101

231, 707187, 639

2744, 0411 262

94, 88724, 476

58 911100, 84882, 222

106

10965

11859

191, 5802 012

295, 58214.9

2 36150, 03411,119

22 675

144

19, 7275 019

o5,019

2424

20

12011685311

0oo642

177

22

52493

4,9204,161

26, 21716, 14110, 076

69, 20346, 42821, 368

1,407

102, 776

2817, 956

14, 18012, 272

331 263274, 722

1656, 525

1,652

172, 28733, 894

98, 174153, 250119,858

141

15073

13972

191, 1492 007

291, 08114.7

2, 35649, 86111, 259

23 052

192

45, 842

5226,5121,7004,812

2521

39a38

3

12111786311

11077o

5892oo

70646

3 9502,930

27, 26516 50910, 756

87, 99859 77226, 694

1 532

121 061

3516 597

18 36315, 451

354 745289 030

165 714

1 636

222 90038, 882

106 349153 95412] 964

127

13072

lir,71

190,0791 994

295 19115 0

2 34549' 57311,095

99 $

46311

75015 96410 0005 964

159159

40

14614288541

0oo

1073

75

oo

72711

4 2053, 185

24, 67016 0588,612

99, 59167 99129, 763

1, 837

123, 691

2528 915

20 1611 6, 504

331 652273 765

057 8871 140

219 16339, 831

95 253132 837103, 844

115

11283

14386

189, 7001 989

301, 36815.4

2, 34149, 39511,080

22 837

218

51721 Oil15, 1745, 837

191190

17

13612560650

31310

12111

47

oo

63603

5 2553,970

24, 88718 0716,816

99, 11468 84228, 401

1,871

102, 706

3622 264

13 90510, 810

308 065261, 852

046, 2131 016

223, 64234, 778

112 847146, 881118, 789

1C6

10196

13571

189, 4261 985

298, 84615.3

2,33449,21110, 803

22 340

224

45, 303

1,21717 81312 5165,2971 6181,616

7070

3

0 137a 126«59

670

220

14104

0118

oo

65641

6,5554, 692

23, 95917, 6216, 338

95, 48565 09328, 6011,791

90, 294

3222, 183

11,1148,407

266 576223, 868

042, 7081 155

228, 76037, 490

101 243134, 324107, 554

99

9582

12767

188, 4911 971

299J 78015.5

2,31048, 58710, 789

22 370

568

013 7559 6074, 1483, 1293,059

0

0 133a 122°61

6120

6o687I

0

55

29272

3,5172,532

19, 82712, 5227,305

87, 70058 02928, 028

1,643

85, 108

4521, 495

9,9047,325

234 809183, 500

051, 309

752

193, 828a 40, 790

86 258109, 27887, 429

92

8510113468

« 186, 8891 949

293^ 17315.3

2 297a 48, 209

10, 77122 4

62439

1138 3722 8475,5254 1864,184

5

«135"123« 59

640

422

17143

2

5656

a 38a 37

1• Revised. p Preliminary.* New series. For earlier data see p. 20 of the February 1934 issue for shipments, accessories and parts, and registrations of new commercial cars.t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; and p. 55 of the June 1933 issue for 1932 exports

of locomotives. Data on automobiles revised for 1933. See p. 55 of the August 1934 issue.I Index of sales of new passenger cars is on p. 26 of this issue.§ Data revised for 1932. See p. 54 of the June 1933 issue. Data revised for 1933. See p. 20 of the September 1934 issue.Digitized for FRASER

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56 SURVEY OF CURRENT BUSINESS November 1934

Monthly statistics through December 1931, 1934together with explanatory footnotes and refer-ences to the sources of the data, may be found Septem-1 Septem-in the 1932 Annual Supplement to the Survey ber I ber October

(3

Novem-ber

Decem-ber

1934

January Febru-ary March April May Jut July I August

TRANSPORTATION EQUIPMENT—Continued

SHIPBUILDINGUnited States:

Merchant vessels:Under construction thous. of gross tonsCompleted during month-total gross tons..Steel -- ---. total gross tons..

World (quarterly):Launched:

Number - shipsTonnage thous. of gross tons _

Under construction:Number - shipsTonnage ... thous. of gross tons

49, 9751,601

301

1,311

262,7871,181

90130

216757

245,1483,751

25 256, 930 8, 3631, 406 7, 743

71175

206_ | 757i

444,1591,814

432,9761,437

425,3142,085

5586

2691 079

4812,9048,101

4611,9589,843

387,5353,256

99S145

2881,216

3510, 9707 877

335,1562 907

CANADIAN STATISTICS

Business indexes-*Physical volume of business 1926=100..

Industrial production, total 1926=100..Construction! — 1926= 100..Electric power ...... .1926=100Manufacturing 1926= 100..

Forestry . . . 1926=100 .Miningf - 1926=100 .

Distribution 1926=100..Carloadings 1926=100..Exports (volume) 1926=100..Imports (volume) 1926=100..Trade employment 1926=100..

Agricultural marketing 1926=100..Grain marketings 1926= 100..Livestock marketings 1926=100..

Oommodity prices:Cost of living indexrf .....1926=100..Wholesale price index * 1926= 100..

Employment. total (first of month). 1926 =100..Construction and maintenance... 1926= 100..Manufacturing 1926=100..Mining 1926=100..Service 1926=100..Trade 1926=100..Transportation 1926=100..

Finance:Banking:

Bank deMts mills, of dol..Intere^t rates 1926=100

Commercial failures* number ..Life insurance, sales of ordinary life (14 cos.)*

thous. of doL.Security issues and prices:

New bond issues, total thous. of doL.Corporation thous of dolDominion and provincial. .thous. of dol. .Municipal thous. of dol._Railways thous. of dol..

Bond yields percent. .Common stock prices, totalf 1926=100..

Banks. 1926=100..Industrials .. 1926=100Utilities 1926=100..

Foreign trade:Exports thous of dolImports ..-.-.thous. of dol_.Exports, volume:

Automobiles. (See Transportation Equip.)Newsprint. (See Paper.)Wheat thous. of bu_.Wheat flour thous. of bbl

Railway statistics:Carloadings thous. of cars..Financial results:

Operating revenues . thous. of dolOperating expenses . -thous. of dol_.Operating income ...thous. of dol. .

Operating results:Freight carried 1 mile ...mills, of tons..Passengers carried 1 mile..^_mills. of pass..

Commodity statistics:Production:

Automobiles. (See Transportation Equip.)Electrical energy, central stations

mills, of kw.-hr..Pig iron thous. of long tonsSteel ingots and castings

thous. of long tons..Livestock, inspected slaughter:

Cattle and calves thous. of animals..Swine thous. of animals. .Sheep and lambs thous. of animals..

Newsprint. (See Paper.)Silver. (See Finance.)

Wheat, visible supply. (See Foodstuffs.)Wheat flour thous. of bbl

97.197.541.3

162 799.593 8

132 796.267.082.873.5

119.8127.7139 076.7

79.072.098.8

118.194.3

112.4125.5117.183.6

2 58182 0

16, 9453 2109! 6344,101

03.9383.874.9

118 850.1

58 81542, 208

17, 588369

212

1, 62743

57

117179113

90.890.228.6

148.997.088.0

123.792.663.985.870.5

114.8101.1106.278.0

78.568.988.588.486.8

100.4113.8111.882.5

2,45795 8155

25, 381

486o0

4860

4.5981.674.8

119 153.5

58 32938, 698

19, 666553

202

25, 87219, 8295,111

2,103136

1,48931

«39

101195148

1,393

88.287.445.4

148.887.986.2

130.990.562.667.671.6

113.970.570.072.5

77.667.990.497.086.7

105.8108.1115.082.7

2 82394 Q

144

31, 472

225, 78090

225, 000690

04.5373.371.7

103 648.5

61 03541, 070

23,306514

222

27 23919, 6836,654

2,44296

1,61827

48

108235182

1, 651

85.583.939.7

158. 186.287 2

114.489.962.958.377.4

112.841.836.765.2

77.868.991.394.686 5

109.7107 9115.681.4

2 83897 3155

34, 185

6, 8051 5755,000

230o4.6676.868.4

113 447.8

60 99643, 712

23, 144548

201

24 17618^ 2415,040

2,01191

1,70230

43

10027784

1,827

86.285.136.4

156 588.688 4

118 289.360.453.567.8

115.930.724 757.5

77.969.091.894.684 4

105.5108.8119.179.8

2,49298 5

159

37, 376

29o0

29o

4.7275.364.7

111 447.8

51 6°435, 368

17,458418

158

22 749IS, 3403,916

1,537138

1,70837

«52

6725341

967

86.884.547.4

162.980.796 4

120 693.273.675.462.8

113.848.241 677.6

78.270.688.688.180 0

106.8109.8122.376.3

2 59797 2153

40,946Q

40,799147

04.6681.671.7

118 653.5

47 11832, 391

7,088448

176

21 Oil19, 945

216

1,682109

1,72431

61

9127040

1,043

86.484.034.1

168 983 296 7

117 093 171.463.764.0

116 367.161 194.0

78.772.191.498.084 2

109 4108 7111.676.2

2 08996 0

140

3,634Q

3,000634

o4.6086.576.7

123 858.0

38 36533, 592

6,513328

164

20 62719, 601

<«60

1,62998

1,61312

58

8426336

1,102

93.192.036.2

176 088 8

100 3149 096 374.373.064.7

119 263.858 786.4

79.972.092.7

100.886 5

108 9109 3112.578.0

2 48990 1

140

26, 059380

22,7002,979o4.3288.076.9

128 558.8

58 36447, 519

10, 103493

189

24 6^720,6302,976

1,986127

1,79619

73

10625938

1,064

92.691.428.9

176 787 794 2

160 296 076.069.669.3

117 256.949 390.6

79.471.191.395.888 1

103 3111 8116.175.9

2 53687 7

141

31,96416 28015, 000

684o

4.2090.776.1

133 058.1

32 04734, 815

3,568341

177

23 39519, 4882 839

1,869103

1,69797

70

11925234

1,089

99,699.935 1

188 5100 2103 6146 398 575.679.682.8

117 8130.6140 187.8

78.571.192.095.890 2

103 6111.7115.678.5

3 12984 8

132

76, 8226 452

57, 707664

12 0004.0688.675.2

128 056.7

58 54352,887

19, 024482

194

26 0692l[ 2403,814

1,873103

1,830oo

71

13326732

1,175

95.895.225.7

185 798 7

100 1127 397 573.477.173.1

119 697.299 686.7

78.272.196.6

116.793 2

106 2115 4116.580.3

2 60285 4

115

9,5142 200

07,314o4.0987.272.7

126 154.5

58 64346, 186

18, 426441

193

24 43620, 7632 636

1,721183

1,70807

64

11622356

1,127

95.795.635.5

180 699 o96 7

117 296 272.376.772.2

118 0148.8164 080.5

78.472.0

101.0140.693 8

107 0119 7119.182.6

2 76783 1

122

51, 447450

50,000997o

3.9881.373.6

116 650.6

56 78744, 145

12, 979408

188

25 20622, 0662 114

1,879150

1,621

67

10717875

1,073

99.099.840.7

1^4 8100 798 4

135 796 774.977.370.0

118 0172.8195 870.0

78.772.399.9

129.094 2

110 3123 0116.583.6

2 53482 3

52, 7370

52, 150587o

3.9483.873.1

120 151.2

55 83743,507

14, 710412

205

""" "

1,65942

64

11116997

1,282» Revised. * Deficit.• New series. For earlier data see p. 18 of the February 1933 issue, business indexes, p. 20 of the October 1933 issue, commercial failures, and p. 20 of the February 1934

issue, life-insurance sales. _ J

t Revised series. See'p. 55 of the April 1934 issue, construction, and mining, for 1933. Series on common-stock prices revised back to December 1932 as a result ofadditional stocks being added, for revision see p. 56 of the April 1934 issue.

i Number of commodities changed from 502 to 567 beeinnintr with month of January 1934.<? Data revised from January 1932 through July 1933. Revision for 1932 see p. 55 of the November 1933 issue. For final revisions for 1933 see p. 56 of the October 1934

I8SU6<

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INDEX TO MONTHLY BUS3NESS STATBSTICS

PageAbrasive paper and cloth 51Acceptances, bankers' 30Accessories, automobile 55Advertising, magazine, newspaper, radio.— 25, 26Africa, United States trade with 34,35Agricultural products, cash income received

from marketings of 23Agricultural wages, loans 30Air-conditioning equipment _ 47Air mail 26Airplanes 36, 54Alcohol, denatured, ethyl, methanol 36,37Al uminum 48Animal fats, greases 37Anthracite industry 22,29,43Apparel, wearing , 29,53Argentina, United States trade with; ex-

change; flaxseed stock 32,35,38Asia, United States trade with 34,35Asphalt 44Automobiles 22, 26, 27, 28, 29, 54, 55Babbitt metal 49Barley 40Bathroom fixtures 47Beef and veal 41Beverages, fermented malt liquors and dis-

tilled spirits 39Bituminous coal 22,28, 29,43Boiler and boiler fittings . 47Bonds, prices, sales, value, yields 33,34Book publication 51Boxes, paper, shipping 51Brass _.. 50Brazil, coffee; exchange; United States trade

with.... 32,35,42Brick... 52Brokers' loans 31Bronze 50Building contracts awarded 24,25Building costs 25Building materials 24,45,46,47Business activity index (Annalist) 22Business failures 31Butter.. _ -. 39Canadian statistics 56Candy 42Canal traffic 36Capital issues „ 33Carloadings _ 22,35Cattle and calves 41Cellulose plastic products 38Cement 22 ,27 ,28 ,29 ,52Chain-store sales 26, 27Cheese . 40Chile, exchange; United States trade with... 32,35Cigars and cigarettes 43Ci /il-service employees 28Cl >y products 23, 24, 27, 28, 29, 52Clothing.. 24, 25, 27, 23, 29, 53Coal.,... ... _. 22,28,29,43Cocoa 42Coffee _ _. 23,42Coke 43Commercial paper . 30Communications - 36Construction:

Contracts awarded, indexes 24Coats ...— 25Highways 25Wage rates 30

Copper 49Copper wire cloth 50Copra and coconut oil _ _ . 38Corn 40Cost-of-living index 23Cotton, raw and manufactures 23,53Cottonseed, cake and meal, oil 38Crops . 23,38,40,53Dairy products-- 23,39Debits, bank 31Debt, United States Government 33Delaware, employment, pay rolls 28,30Department-store sales and stocks 27Deposits, bank . 30,31Disputes, labor 29Dividend payments . 34Douglas nr_I 42Earnings, factory.. 29,30Eggs.. 23,41Electrical energy, consumption index _ _ 22, 23Electrical equipment 49Electric power, production, sales, revenues.. 22,39Electric railways 35Employment:

Cities and States. 28Factory 27, 28Nonmanufacturing 23Miscell aneous . .— 28

Emigration 36Enameled ware 47Engineering construction ^ 25England, exchange; United States trade with- 32, 35Exchange rates, foreign 32Expenditures, United States Government-.. 33Exolosi ves 37Exports 34,35Factory employment, pay rolls 27,28,29,30Failures, commercial 31

PageFairchild retail price index 24Fares, street railways 35Farm employees 28Farm prices, index 23Federal Government, finance _„ 33Federal-aid highways 25,28Federal Reserve banks, condition of 31Federal Reserve member bank statistics 31Fertilizers 37Fire-extinguishing equipment 55Fire losses 25Fish and fish oils 37,42Flaxseed 38Flooring, oak, maple, beech, arid birch 45Flour, wheat 41Food products 22, 23, 27, 28, 29, 39, 40, 41, 42Footwear 45, 52Foreign trade, indexes, values 34,35Foundry equipment 48France, exchange; United States trade with. 32,35Freight cars (equipment) 27, 55Freight carloadings, cars, indexes 35Freight-car surplus 36Fruits . _ _ „ _ _ _ 23,40Fuel equipment 48Fuels 43,44Furniture 46,48Gas, ciistomers, sales, revenues 39Gas and fuel oils 44Gasoline 44General Motors sales , 55Glass and glassware 22, 27, 28, 29, 52Gloves and mittens 44Gold... __ 32Goods in warehouses . 26Grains 23,24,40,41Gypsum 53Hardwoods . 45Heels, rubber . 52Hides and skins 44Hogs 41,44Home Loan Bank, loans outstanding 25Hosiery 53Hotels. . 28,30,36Housing 23Illinois, employees, factory earnings 28,29,30Imports 34Income-tax receipts 33Incorporations, business 26Industrial production, indexes 22Installment sales, New England 27Insurance, life . 32Interest payments 34Interest rates 31Investments, Federal Reserve member banks. 31Iron, ore; crude; manufactures 22,46Italy, exchange; United States trade with... 32.35Japan, exchange; United States trade with.. 32,34Kerosene _ 44Labor turnover, disputes 29Lamb and mutton 42,44Lard 41Lead . 49Leather . .__ 22, 23, 24, 25, 26, 27, 28, 29, 44Leather, artificial 54Liberty bonds 33Linseed oil, cake, and meal. 38Livestock 23,41,42,44Loans, agricultural, brokers', time 30Locomotives 55Looms, woolen, activity ^4Lubricating oil 44Lumber 22, 23, 24, 27, 28, 29,45,46Lumber yards, sales, stocks 45Machine activity, cotton, silk, wool 53,54Machine tools, orders, shipments 48Machinery 25, 27 ,28 ,29 ,35 .48 ,49Magazine advertising 25 ,26Manufacturing indexes 22M irketings, agricultural . 23Maryland, employment, pay rolls 28,29Massachusetts, employment, pay rolls 28,29Meats 4 L42Metals _ _ „ 22 ,23 ,27 ,23 ,29 ,49 ,50Methanol . 36,37Mexico:

Petroleum production and exports 4oSilver production. 32United States trade with 35

Milk . 40

Minerals 22,43,49Money in circulation 32National Industrial Recovery Act, highway

constr uction 25Naval stores 37Netherlands, exchange 32New Jersey, employment, pay rolls 28, 29Newsprint . - 50New York, employment, pay rolls, canal

traffic 28.2g.36New York Stock Exchange 3o,33Notes in circulation 31Oats 40Oceania, United" States trade with". 34,35Ohio employment 28Ohio River traffic.. 36Oils and fats 37,38Oleomargarine -—-- 38

PagePaints . 38Paper and pulp 22,23,27,28,29,50,51Passenger-car sales index. 26Passengers, street railways; Pullman 35,36Passports issued 36Pay rolls:

Factory 29Factory, by cities and States 29Nonmanufacturing industries 29,30

Pennsylvania, employment, pay rolls 28, 29Petroleum and products 22,28,29,43,44Pig iron.. 22,46Pork 41,42Postal business 26Postal savings 31Poultry _ 23,42Prices: 23

Cost of living, indexes 23Farm indexes 23, 24Retail, indexes-Wholesale, indexesWorld, foodstuffs and raw material.

PrintingProduction, industrialProfits, corporation.

242351223233

Public finance 28,30,34,39~ 36

4924472525

Public utilities-Pullman CoPumpsPurchasing power of the dollarRadiatorsRadio, advertisingRailroads; operations, equipment, financial

statistics ___ „ 35,55Railways, street 35Rayon 54Real-estate market activity 25Reconstruction Finance Corporation, loans

outstanding 33Registrations, automobiles 55Rents (housing), index . 23Retail trade:

Automobiles, new passenger 26Chain stores:

5-and-10 (variety) 26Grocery 26

Department stores 27Mail order 27

Roofing . 39Rice _ 40Rubber, crude; scrap; clothing; footwear;

tires 22, 23, 24, 27, 28, 29, 51, 52Rye _ 40Sanitary ware 47Savings deposits 31Sheep and lambs 42Shipbuilding 22,27,28,29,56Shoes 22,24,25,26,27,28,29,45Silk 23,54Silver 22,32Skins 44Softwoods . 45,46Spain, exchange 32Spindle activity, cotton 53Steel, crude; manufactures 22,47Stockholders 34Stock indexes, domestic and world 23Stocks, department stores 27Stocks, issues, prices, sales, yields 34Stone, clay, and glass products. 22,23,27,28,29,52,53Sugar 23,42Sulphur 37Sulphuric acid 37Superphosphate 37Tea 23,42Telephones and telegraphs 36Terneplate__ 48Terra cotta 53Textiles, miscellaneous products 54Timber 45Tin and terneplate 23,48Tires 22,24,27,28,29,51Tobacco 22,25,26,27,28,29,43Tools, machine 48Trade unions, employment „ 29Travel 36Trucks and tractors, industrial electric . 55United Kingdom, exchange; United States

trade with 32,35Uruguay, exchange 32United States Steel Corporation 30,34,47Utilities 28,30,34,35,38,39,55Vacuum cleaners 50Variety store sales index 26Vegetable oils 37,38Vegetables 23,40Wages. - 29,30Warehouses, space occupied 26Waterway traffic 36Wheat and wheat flour 23,41Wholesale prices. — 24Wisconsin, employment; pay rolls - 28,29Wood pulp 50Wool -. . 22,23,54Zinc - 22,49

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MARK-DOWNS IN WOMEN'S COATAND SUIT INDUSTRY

THEIR CAUSE AND CONTROL

Domestic Commerce Series No. 91Price 10 cents

This study was designed to determine the causes of mark-downs and their effect on dis-tribution costs and net profits in the women's coat and suit industry, and to suggest remediesfor the scientific control of mark-downs and distribution costs, thereby contributing to thebetter coordination of buying, selling, and financing.

Major subjects covered include: The general aspect of mark-downs; returns and cancela-tions; cash discounts and allowances; consignments and special numbers; sales at mark-downsand cost of doing business; effect of mark-downs on net profits. An appendix covers suchsubjects as cost methods and mark-up; mark-down control; allocation of expenses.

PREPARING SHIPMENTS TO BRITISH

DOCUMENTARY REQUIREMENTS ANDCUSTOMS REGULATIONS

Trade Promotion Series No. 154Price 20 cents per copy

This handbook is an effort to bring together in brief form the essentials regarding thedocumentary requirements and customs regulations of the many and widely dispersed areasconstituting the British Empire, for the guidance of the American exporter in preparing hisshipments to these areas, so as to minimize the uncertainties at this end and to avoid extraexpense and trouble to the customer at the foreign destination.

The essential information here embodied has hitherto been supplied in day-to-day corre-spondence and otherwise, by the Division of Foreign Tariffs of the Bureau of Foreign andDomestic Commerce. The material has now been reworked and brought up-to-date, and hasbeen considerably amplified in scope. Special attention is given to certain aspects, particularlyregarding dutiable value and antidumping provisions, which are most important in British areas.

Copies of the above reports may be obtained from the Superintendent of Documents, Washington, D. C.Remittances should accompany all orders. A discount of 25% is allowed on all orders for 100 or more copies

of a single publication to be mailed to one address.

U.S . G O V E R N M E N T P R I N T I N G O F F I C E : 1934

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