survey of current business august 1936

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1 |1! I j I AUGUST 1936 SURVEY OF CURRENT BUSINESS UNITED STATES DEPART ME NT OF CO M M ERCE BUREAU OF FOREIGhl AND DOMESTIC COMMERCE WASHINGTON VOLUME 16 NUMBER 8

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1 |1! I j I

AUGUST 1936

SURVEYOF

CURRENT BUSINESS

UNITED STATESDEPART ME NT OF CO M M ERCEBUREAU OF FOREIGhl AND DOMESTIC COMMERCE

WASHINGTONVOLUME 16 NUMBER 8

UNITED STATES DEPARTMENT OF COMMERCEDANIEL C. ROPER, Secretary

BUREAU OF FOREIGN AND DOMESTIC COMMERCEALEXANDER V. DYE, Director

SURVEY OFCURRENT BUSINESS

Prepared in the

DIVISION OF ECONOMIC RESEARCH

ROY G. BLAKEY, ChiefM. JOSEPH MEEHAN, Editor

Volume 16 AUGUST 1936 Number 8

CONTENTSSUMMARIES AND CHARTS

PageBusiness indicators.. 2Business situation summarized 3Graphic comparison of principal data 4Commodity prices. 5Domestic trade. 6Employment 7Finance . . . STransportation 9

Review of the—Automobile and rubber industries 10Forest products 11Iron and steel industries. 12Textile industries 13

STATISTICAL DATA

Revised series:

Natural gas: Customers, sales, andjrevenues, 1929-35; net profitsof corporations, 1928-35 14, 15

Weekly business statistics through July 25 16

STATISTICAL DATA—Continued

Monthly business statistics: PageBusiness indexes 17Commodity prices 18Construction and real estate. 19Domestic trade 20Employment conditions and wages 22Finance 26Foreign trade 31Transportation and communications. 32

Statistics on individual industries:Chemicals and allied products , 34Electric power and gas . . . 36Foodstuffs and tobacco 37Fuels and byproducts 40Leather and products 42Lumber and manufactures 43

Metals and manufactures:Iron and steel. 44Machinery and apparatus . . . . 46Nonferrous metals and products 47

Paper and printing , 48Rubber and products. , . 50Stone, clay, and glass products. 51Textile products 52Transportation equipment 53

Canadian statistics. 55

Subscription price of the SURVEY OF CURRENT BUSINESS is $1,50 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.

83026—36 1

SURVEY OF CURRENT BUSINESS August 1936

Business Indicators1923-25=100

125

100

75

50

25

0

INDUSTRIAL PRODUCTION FACTORY EMPLOYMENT AND PAYROLLS

\

\\

V rs"\ 7Adjusted 9

l I LJ J_I_L LJ 1_L 11111111111

v /

t \ 1 1 1 1 ! I ! 1 1

100

75

.50

25

n

\ V\

FREIGHT CAR LOADINGS

V.L.C.L. (Adjusted)^

TOTAL (Adjusted)*

i i i I I 1 i i I i i 1 | 1 1 1 1 M | | 1i i I 11111 i r i

CONSTRUCTION CONTRACTS AWARDED

125

100

75

50

25

DEPARTMENT STORE SALES

\TOTAL

0djusted) 9

i i t M 1 i M 1 I 1 1 1 1 1 1 M 1 ! 11 | 1 ) 1 1 1 1 II 1

125

100

75

50

25

0

125

100

75

50

25

0

\

\ \

v\\\VV

• — •

\ TOTAL (Aq

1 1 11 I 1 1 1 ( 1 1

lustecQ*/

^^—S ^«r*RES!DENT/,

i M i i 1 I i i i i

\

y\L (Adjusted)*

f i 1 i i 1 t i t I i

WHOLESALE PRICES

•\

Ns ALL COMMOL

i i t t i l i t i i i

VT/£S

rPRODUCTS

I i I 1 I 1 i i I I i

s=?

I I I t i I t 1 i i 1

FEDERAL RESERVE MEMBER BANK LOANS BANK DEBITS OUTSIDE NEW YORK CITY

111 II\111 MI 0 Lr

\\

V./

1 1 1 1 1 1 1 1 1 1 1

V

111111111II i iniin inr

I929'3O'3! *32'33 1934 1935 1936 I9Z9'30'31^33 1934 1935 1936* ADJUSTED FOR SEASONAL VARIATION *'REPORT/WG MEMBER BANKS D.D. 8639 J.M.

August 1936 SUKVEY OF CUREENT BUSINESS

Business Situation SummarizedBUSINESS activity during July did not experience

the normal seasonal slackening. The gains in thepast few months in manufacturing, construction, em-ployment, freight traffic, and retail trade have generallybeen maintained or extended, when proper allowanceis made for seasonal variation. The major currentindicators of consumer income—pay rolls and cash farmincome—recorded further gains in June, and thesehave been augmented by the unusual increase in dis-bursements of Government funds as a result of thecashing of the "bonus" bonds distributed in June.

The seasonally adjusted index of manufacturing ad-vanced 3 points in June to 104 (1923-25 = 100), and afurther use is indicated for the succeeding month.The indexes for the major industries still show consid-erable disperson from the average; the durable-goodsindustries which, as a group are still relatively de-pressed, have made substantial progress this year, andthe improvement is continuing. The steel industrywhich, because of the wide range of its products, maybe expected to reflect the trend of activity in durablegoods generally, has been unusually active this summer.Production of ingots in July has been maintained closeto the June rate, which was 12 percent below the 1929average. While certain special and temporary influ-ences, discussed on page 12, may have played a part,it is apparent that demand from major steel-consuming

industries has been strong. The electrical-equipment,machinery, and building-supply industries, in particu-lar, have experienced further gains. Automobile pro-duction has declined during July, but the active marketfor both passenger and commercial cars has held pro-duction at a high level, consideration being given tothe lateness of the season.

Among the consumer-goods industries, the principaldevelopment has been in cotton textiles. Rapidlymounting sales have served to prevent the usual sum-mer slackening in production in this industry. Rayonoutput has been maintained near capacity levels, whilesilk goods output remains low. The woolen industryreported gains in both orders and production in June.

The principal adverse factor in the present situation(aside from the continuing large volume of unemploy-ment) is the drought, which, with the exception of theone experienced in 1934, is described by the Depart-ment of Agriculture as the worst in our history. Forthe present, the major effects of this development areseen in rapidly mounting prices of numerous farmproducts, a movement which has been accompanied byrising prices of food at retail.

Stock-price "averages77 during July have brokenthrough the "highs77 established some months ago,aided by the favorable tenor of business news and theimprovement in corporate earnings.

MONTHLY BUSINESS INDEXES

Year andjnonth

Industrial production

Unadjusted * Adjusted >

Factory em-ployment

and pay rolls

Ifa *

Freight-car loadings

TotalMer-chan-dise,I.c.l.

I

Retail salesvalue,

adjusted

Monthly average, 1923-25=100 1929-31100

I11UUV

Monthly average, 1923-25=100

Foreigntrade, value,adjusted 2

Cash farmincome '

Monthlyaverage,

1924-29=100

Monthlyaverage,1926=100

1929: June1930: June1931: June..-1932: June1933: June—1934: June1935:

JuneJulyAugustSeptember.. . . . . . .OctoberNovember. . . . . . . .December...„

1936:JanuaryFebruary.„. .__. .MarchApril .MayJune

Monthly a v e r a g e ,January throughJune:

193419351936-.

95

103105104

8589

100

1279883589284

84838789969895

959397105105105

8489100

11610386628386

978485921009596

991068994100100

1259883599184

868687909597104

9493100101103

1279782589383

848688919598104

97919399100104

11410287648587

988481879392101

10311095105101

105.993.278.861. 667.481.5

80.180.681.881.983.784.885.6

84.883.884.284.985.886.3

79.781.084.5

111.292.369.743.447.264.9

66.465.469.772.275.074.576.6

72.772.776.377.979.379.5

63.168.376.4

1089377526264

63586062646671

707066697070

1059889716965

64646465646466

646262636466

11310396696874

127.4101.084.064.365. 772.3

99.797.092.8

104.8104.6103.7

_ 109.8

96.393.0

106.7109.9113.3113.4

71.287.396.9

1168755343650

50524950486256

515351535655

1158257364044

515954535852

133. 8124.898.465.465.774.8

80.183.978.876.185.484.694.7

88.780.090.688.786.295.7

69.576.888.3

12699632718

85.076.553.034.052.050.0

52.053.564.575.594.078.070.5

66.055.059.557.562.069.0

48.652.761.5

94.088.558.039.070.065.5

60.060.562. 563.567.066.566.0

68.065.567.069.572.580.0

95.286.872.163.965.074.6

79.879.480.580.780.580.680.9

80.680.679.679.778.679.2

73.579.679.7

1 Adjusted for number of working days. i Adjusted for seasonal variation. « From marketings of farm products.

SURVEY OF CURRENT BUSINESS August 1936

Graphic Comparison of Principal DataFIRST 6 MONTHS Y/////A REMAINDER OF YEAR

BANK DEBITS OUTSIDE NEW YORK CITY — (B/LLIONS OF DOLLARS)

19361935193419331932

1929

0

50

HUM

l()0 I*>0 2()0 2 50 300

CONSTRUCTION CONTRACTS AWARDED— (B/LL/OA/S OF DOLLARS)

STEEL INGOT PRODUCTION — (M/LUONS Of TONS)to 30 40 50

AUTOMOBILE PRODUCTION — (MILLIONS OF CARS)

19 36193519 3419 331932

1929

0

=:

=

1

v• / • / • / • / •

7 V 1

FREIGHT CAR LOADINGS — (MILLIONS OF CARS)0

19 3619351 9 3419331932

1929

-

10

b

20 30

'//A

40 50

D.D. 6638 JM

August 1936 SURVEY OF CURRENT BUSINESS

Commodity PricesTHE upward movement of wholesale prices of farm

products which began in May, accelerated inJune, and continued even more sharply upward duringthe first 10 days of July as the drought became morewidespread and severe. Slight price recessions accom-panied showers and forecasts of rain near the middleof July, but precipitation was inadequate and grains,especially corn, again advanced sharply. These pricegains, plus smaller rises in the food, chemical and drug,fuel and light, and miscellaneous groups, caused thecombined index of the Bureau of Labor Statistics torise substantially in June and even more during thefirst 3 weeks of July.

All of the other principal constituent groups of thecombined index were slightly down or stationary forJune as compared with May, but rises during the first3 weeks of July carried all of these group indexes abovetheir May levels, except in the case of hides andleather and metal and metal products.

Daily cash prices of some of the more important in-dividual commodities had, by July 23, moved up fromJune lows approximately as follows: Wheat, 22; corn,32; rye, 20; and barley, 21 cents per bushel; hogs, 1;cotton, 1%; silk, 24; copper, }{) and rubber, % centsper pound.

Moody's daily index of 15 "sensitive" commoditiesrose from 163 (Dec. 31, 1931 = 100) on June 1 to 170on July 1 and 179 on July 23, an increase of nearly 10percent in less than 8 weeks. The steep uptrend of thisindex was in contrast to its decline during May and itsalmost horizontal course from January to April.

While the drought was the principal factor makingfor the sharp increases in prices received by farmers,the continuance of a relatively favorable level of busi-ness activity and the cashing of the veterans1 bonusbonds were reflected in the consumer demand for farmand also for industrial products. The relatively smallincrease in cotton acreage over last year, the increase inworld consumption, and the decline in Government andprivate stocks were accompanied by decidedly strongprices for cotton.

The cost-of-living index increased 1.7 percent fromMay to June, according to the National IndustrialConference Board. The rise was due entirely to the4.7-percent rise in food prices and the 0.6-percent ad-vance in rents. FaircbilcTs price index of department-store articles receded 0.2 percent from June 1 to July1, after having remained unchanged for the previous 3months.

INDEXES OF COMMODITY PRICES

Year and month

Wholesale Prices (Department of Labor)

c P

I!Is

Economic classes Groups and subgroups

11

S-3

Monthly average, 1926=* 100Mo.

average1923=

100

Mo.average1909-14= 100

Retail Prices

Mo.average1923-25*100

Dee.1930

(Jan. 11931)^

100

1929: June1930: June1931: June1932: J u n e — . . .1933: June1934: June1935:

JuneJulyAugust—..-.September-OctoberNovember..December..January _._February _.MarchApril . . .MayJune—.

Monthly average, Januarythrough June:

1934 ._1935 _

95.286.872.163.965.074.6

79.879.480.580.780.580.680.9

80 680.679.679.778.679.2

73.579.679.7

95.088.476.070.069.078.2

82.282.083.083.182.782.783.1

82.482.281.381.680.580.7

77.281.881.5

96.684.964.753.256.267.3

76.475.877.177.377.177.277.7

78.179.177.477.075.877.6

65.677.077.5

92.481.769.357.665.372.9

73.972.873.274.476.376.275/2

74.874.674.474.574.173.9

73.672.474.4

103.388.965.445.753.263.3

78.377.179.379.578.277.578.3

78.279.576.576.975.278.1

60.679.177.4

91.078.756.037.757.472.4

76.978.379.383.586.477.976.6

78.978.375.673.970.673.0

64.184.575.1

99.190.873.358.861.269.8

82.882.184.986.185.085.185.7

83.583.280.180.278.079.9

66.982.780.8

111.599.971.356.052.462.2

94.593.3

102.0102. Q97.194.397.5

94.992.189.791.085.185.1

56.491.289.7

91.985.774.170.168.978.2

78.078.077.977.878.378.878.7

78.879.078.978.978.878.8

78.577.578.9

95.289.979.370.874.787.8

85.385.285.485.986.185.885.5

85.785.585.385.785.885.8

86.984.985.6

93.489.4

'79.473.173.775.6

80.778.778.680.281.181.280.6

80.580.179.378.577.778,0

75.480.779. Or

84.578.962.971.661.572.8

74.274.774.173.073.474.574.6

75.176 176.276.476.076.1

72.373.176.0

107.9102.488.070.882.487.1

88.989.389.690.993.695.095.4

97.196-194.994.694.093.8

88.686.995.1

94.693.486.474.773.482.0

80.580.480.580.580.681.081.0

81.481.581.481.581.581.4

81.580.781.5

101.291.984.479.979.387.7

86.986.486.686.686.586.986. 8

86.786.786.fi86.686.386.3

87.486.186.5

90.181. 666.652.761.572.7

70.170.270.971.872.973.473.2

71. 771.070.870.269.869.6

75.369.870.5

82.478.469.764.260.870.2

68.467.767,367.167.567.467.5

67.868.168.368.669.269.7

9.19.3

68.6

99.296.585.977.272.8

82.782.683.083.583.984.384.8

84.884.484. 184.384.686.0

78.482.584.7

142131

104102106107109108110

109109104105103107

108106

103.7101.2. 80. 567.664.973.5

81.580.279.680.180.581.582.0

81.780.679.579.779.9

72.480.2

92.075.172.388.2

85.785.285.786.687.688.088.2

88.388.188.188.187.9

89.086.388.1

1 Revised. See p. 20 of the November 1934 issue. » Middle of month. This is a new series. See p. 23. * Index is for 1st of following month.

6 SURVEY OF CURRENT BUSINESS August 1936

Domestic TradeRETAIL sales during July have not declined to the

fc extent usually experienced at this season. Thecurrent month is normally the low period of the yearfor retail sales of general merchandise, the trade beingaffected by vacations, the in-between season, etc. Theimproved trend of consumer purchasing this year has,however, served to cushion the summer decline, andthe cashing of the veterans7 bonus bonds (which hasresulted in the payment to bondholders of over abillion dollars in cash in a period of a month) has actedas an unusual stimulant, both directly and indirectly.

That merchants are planning an active fall season isevident from the large number of buyers in the NewYork wholesale markets. The major adverse factorwith regard to fall prospects is the drought, which,according to a Department of Agriculture reportissued on July 21, was "about as severe as that of 1934was on the same date [Mid-July] and much moreserious than any previous drought since the countrywas settled * * *." The reduced yields will beoffset in some measure, insofar as total farm purchasingpower is concerned, by the rise in prices of the agricul-tural products affected, but a drought of such propor-tions results in a real economic loss, and in an unevendistribution of the available purchasing power derivedfrom current production and existing stocks.

The effects of the drought, insofar as the curtail-ment of spending is concerned, would be expected tobe reflected first in sales of organizations, such as themail-order houses, which do a large business directly

with the farmer. Sales of the leading mail-orderhouse, which have been reported through the middleof July, do not provide evidence of a material declineup to that time. The Government has extended reliefto those most seriously affected and this has tended tomitigate the effects of the loss of crops. Further-more, aggregate cash farm income from the sale offarm products is still increasing, with the total forJune estimated at $582,000,000, compared with$526,000,000 in May 1936 and $438,000,000 in June1935.

For the month of June sales made through depar -ment stores and general-merchandise sales in ruralregions were maintained at the relatively high levelsreached in May. The seasonally adjusted index ofrural sales m May was higher than at any time sinceDecember 1929, and the June figure was only slightlylower. The June index of department-store sales wasthe same as that for May which was the highest figurereported since August 1931. The largest regional gainfor department stores in comparison with June 1935was in the Dallas district, where the increase was 29percent. Following closely were Atlanta and Chicago,

The more favorable financial situation amongretailers, and in other lines of business as well, hashad as a corollary a decline in the number of commercialfailures. During the first half of the year the recordwas the best since 1920. The average liabilitiesinvolved in the failures this year have been somewhathigher than in 1935. (See the accompanying table.)

DOMESTIC TRADE STATISTICS

Year and month

Retail trade

Department stores

Sales

Unad-just-ed^

Ad-just-ed ^

Stocks 3

Unad-just-ed^

Ad-just-

ed «•

Monthly average, 1923-25=100

Chain-store sales

Com-binedindex *

Avg. samemo. 1929-

31=100

Variety stores

Unad-just-ed^

Ad-just-ed a

Rural sales

General mer-chandise

Unad-just-ed*

Ad-just-ed a

New passen-ger-car sales

Unad-just-ed^

Ad-just-

"Monthly average, 1929-31 =• 100

Wholesaletrade

Em-ploy-ment

Payrolls

Monthly aver-age, 1929=100

Commercialfailures}

Fail-ures

Num-ber

Liabil-ities

Thou-sands

of dolls.

1929: June. .1930: June——- - . . . .1931: June1932: June1933: June._ __.1934: J u n e - .1935:

June__JulyAugustSeptember. __October _ .November .December

1936:January.-FebruaryMarchApril....MayJune

Monthly average, Januarythrough June:

1934____

1936

1089892666470

765561868691145

6366778589Si

687077

11310396696874

80807881778184

798088818989

959380655663

61576067727561

586267686762

656364

84

96

100100103

9799101102103

91

100.992.291.077.479.186.3

86.182.079.387.793.495.1178.4

67.773.580.395.796.898.1

81.581.085.4

106.397.095.881.583.290.8

90.792.189.691.892.093.796.7:

90.887.993.395.296.8103.3

120.495.479.460.862.168.3

94.274.779.8103.7127.6127.6155.9

79.984.299.2105. 5106.5108.3

71.287.396.9

127.4101.084.064.365.772.3

99.797.092.8

104.8104.6103.7109.8

96.393.0

106.7109.9113.3113.4

183.2118. 280.856.565.284.6

104.989.180.250.153.396.690.6

65.5117.8142.3138.1139.3

64.690.7

112.0

141.590.061.542.549.063.5

78.581.075.079.082.0

113.5106.5

102.089.5

101.093.593.0

109.0

99.296.286.375.673.982.3

82.182.182.783.785.786.486.8

85.685.085.685.784.684.6

81.883.485.2

98.182.563.553.762.8

64.664.664.867.266.8

66.666.669.067.968.268.4

62.064.667.8

1,576992

944902884787

1,056898910

1,077856

832733

1,0601,012879

33, 51720, 591

12,91816,52313,26617,00217,18514,38415, 686

18,10414,08916,27114,15715, 3759,176

22,34314,82814, 529

i Corrected to daily average basis.8 Series revised. See p. 32.

J Adjusted for seasonal variations. 3 End of month. * See note on p. 26 of this issue.

August 1936 SURVEY OF CURRENT BUSINESS

EmploymentTHE gradual increase in the number at work and in

industrial pay rolls, which has been noted eachmonth since February by the Bureau of Labor Statis-tics in its monthly surveys, continued in June. Themonth's gain in the number employed in the reportingindustries was estimated at 58,000, while the aggregateincrease in comparison with June of last year approxi-mated 805,000.

The contraseasonal increase in factory employmentin June was due to the further improvement in em-ployment in the durable-goods industries. Declinesreported were largely seasonal, except those in thebusiness machine groups, which were caused by labordisputes. Of the 16 nonmanufacturing industries, 11reported gains in employment in June as comparedwith May, and 10 reported larger pay rolls.

An official estimate of the total number of personsemployed was released by the Department of Laborfor the first time on July 2. Whereas the Department'scurrent monthly estimates of aggregate employmentby industries have been restricted in the main towage earners and also have omitted entirely certainbranches of employment, like domestic service andthe professions, the present estimate covers "all per-sons at work including clerical, professional, andexecutive personnel as well as wage earners7', andalso "all private and regular Government employ-ment, exclusive of agriculture." The figure ofthe number of persons attached to agriculture isgiven separately from the composite for nonagricul-

tural employment and is based on returns from theAgricultural Census.

For May 1936, the latest month covered, the indi-cated total employment including persons attached toagriculture falls just short of 43,000,000. In noragri-cultural pursuits the number employed was placed at30,950,000, compared with 26,300,000 in May 1933, and36,000,000 in the same month of 1929.

Not all of the individuals not counted as employedin this survey are without work. In addition to the43,000,000 persons in regular employment (whether ofa temporary or permanent character), the Departmentnotes that 3,300,000 persons were engaged in emer-gency work under the Federal Works Program.

Employment under this program has now continuedfor a year. The number of workers other than adminis-trative employees rose from less than 500,000 in July1935 to a peak of not far from 3,900,000 in the firstweek of March 1936, and has since declined by morethan half a million. The figures include EmergencyConservation workers, who were incorporated into thenew program, as well as all workers under supervisionof the Works Progress Administration or of Federalagencies on projects financed by the Relief Appropria-tions Acts of 1935 and 1936. It should be noted alsothat in the second half of 1935, considerable employ-ment was still being given in the form of work reliefon projects sponsored by the F. E. R. A., though thenumber of such relief workers dwindled from, roughly,2,000,000 in July 1935 to some 60,000 in December.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES

Year andmonth

Unad-justed

Factory employmentand pay rolls

Employment

Ad-justed*

Payrolls

Unad-justed

Monthly average,1923-25=100

Nonmanufacturing employment and pay rolls(Department of Labor)

Anthracitemining

Em-ploy-ment

Payrolls

Bituminouscoal mining

Em-ploy-ment

Payrolls

Electric lightand powerand manu-factured gas

Em-ploy-ment

Payrolls

Telephoneand tele-

graph

Em-ploy-ment

Payrolls

Retail trade

Em-ploy-ment

Monthly average, 1929=100

Trade-Unionmem-

bers em-ployed

Percentof total

members

Wages

Factory'

Averageweekly

Averagehourly

earnings earnings

Dollars

Com-monlaborrates(roadbuild*ing) 3

Centsper

hour1929: June1930: June1931: June1932: June1933: June1934: June1935:

JuneJuly . . . -August —SeptemberOctoberNovember.,..December

1936:JanuaryFebruaryMarch*AprilMay___-June

Monthly average,January throughJune:

19341935.1936.

105.692.978.461.266.981.1

79.779.782.083.785. 385.084.6

82.983.184.185.185.786.0

79.781.084.5

105.993.278.861.667.4.81.5

80.180.681.881.983.784.885.6

84.883.884.284.985.886.3

111.292.369.743.447.264.9

66.465.469.772.275.074.576.4

72.772.776.377.979.379.5

76.4

92.990.876.153.039.557.5

56.849.438.746.058.846.657.3

59.161.252.549.854.951.3

62.456.954.8

80.794.366.737.434.353.3

66.037.528.338.255.928.455.4

54.476.742.628.656.343.0

65.154.450.1

94.788.478.460.561.376.7

77.970.073.477.174.376.179.1

79.880.280.477.476.275.7

75.978.478.3

90.075.652.427.329.255.1

64.735.945.860.169.8

.65.569.5

70.678.470.262.162,261.6

54.358.767.5

100.7104.697.283.277.384.0

83.984.886.886.987.487.686,8

86.186.186.888.288.990.3

82.482.887.7

100.4107.898.380.569.977.8

79.881.582.884.584.483.486.0

84.884.785.986.687.088.1

76.079.186.2

101.599.886.979.969.270.4

70.270.370.570.470.069.869.6

70.169.970.270.871.673.1

70.170.070.8

100.0103.495.082.166.671.3

74.475.775.573.874.974.975.6

75.076.277.276.078.5lit A

69.873.976.7

99.396.990.776.373.282.6

82.279.378.081.883.884.692.9

80.479.781.985.385.185.3

81.581.183,0

99.897.986.762.752.261.4

62.560.559.362.563.263.469.3

62.161.663.565.465.866.4

60.361.164.1

28.6926.2623.2516.1618.6020.71

21.4621.7522.3222.5823.1223.3123.47

23.0923.0923. 2023.7824.0824.39

20.2721.7923.59

.590

.589

.567

.495

.451

.601

.601

.604

.600

.606

.610

.612

.615,617

.571

.597

.610

* Adjusted for seasonal variation. a Beginning 1934 data compiled from Public Works projects, prior years from Federal aid and State projects,a National Industrial Conference Board.

404037333343

42424242424241

4038373842

434040

8 SUKVEY OF CUERENT BUSINESS August 1936

FinancePERHAPS the most significant event of the month

was the announcement by the Board of Governorsof the Federal Reserve System of a 50-percent increasein reserve requirements of member banks, effectiveAugust 15. This raised the required reserves on de-mand deposits at banks in central reserve cities from 13to 19% percent; at banks in reserve cities from 10 to 15percent, and at country banks from 7 to 10% percent;on time deposits at all banks from 3 to 4K percent.

In announcing its action the Board stated: "This acteliminates as a basis of possible injurious credit expan-sion a part of the excess reserves, amounting at presentto approximately $3,000,000,000 and expected toincrease to nearly 3% billions by the time this actiontakes effect. These excess reserves have resultedalmost entirely from the inflow of gold from abroad andnot from the system's policy of encouraging full re-covery through the creation and maintenance of easy-money conditions. This easy-money policy remainsunchanged and will be continued.

"The part of the excess reserves thus eliminated issuperfluous for all present or prospective needs ofcommerce, industry, and agriculture, and can be ab-sorbed at this time without affecting money rates andwithout restrictive influence upon member banks,practically all of which now have far more than suffi-cient reserves and balances with other banks to meetthe increases. * * *

"By the present action required reserves will beincreased by $1,450,000,000 or from $2,900,000,000to $4,350,000,000. This will leave excess reserves of

approximately $1,900,000,000. Therefore, even afterthe increase in reserve requirements has gone intoeffect, member banks will still have a larger volume ofexcess reserves than at any time prior to the recentlarge gold imports * * *#

"It is far better to sterilize a part of these superfluousreserves while they are still unused than to permit acredit structure to be erected upon them and then towithdraw the foundation of the structure.7'

The announcement apparently had little immediateinfluence on the money or security markets, althoughtrading in Government bonds was unusually active fora brief period.

The new securities issued after the Board announce-ment were priced in line with the low yields of thoseoffered in June and earlier months. In the first halfof the year, the Commercial and Financial Chroniclereported that new domestic corporate issues publiclyoffered amounted to $2,546,000,000, of which $2,091,-000,000, or 82 percent, was for refunding purposes.

While sufficient data are not yet available to measureaccurately the extent of the rise in second-quarter profits,the reports issued to date reveal that this period wasmarked by a very distinct and widespread increase.The best results were enjoyed byindustrial corporations,with the motor, chemical, machinery and agriculturalimplement, and electrical equipment companies makinga particularly good showing. The results for the rail-road and public utility industries (excepting the tele-phone industry) were not so favorable, although thesegroups also reported an improvement in earnings.

FINANCIAL STATISTICS

Year and month

Bankdebits

outsideNewYorkCity

Report ing memberbanks, Wednesdayclosest to end ofmonth

Loanson

securi-ties

"Oth-er"

loans 2

In-vest-

ments

FederalReserve

bankcreditout-

stand-ing,

end ofmonth

Excessof

mem-ber

banks,end ofmonth

Netgoldim-

portsin-

cludinggold

releasedfromear-

mark

Moneyin

circu-lation

Savingsdeposits

NewYorkState

PostalSav-ings

Millions of dollars

Stockprices(419)

Stand-ard

Statis-tics

1926=100

Bondprices,NewYorkStockEx-

change(do-

mestic)

Dollars

Newcapitalissues

Thous.of dollars

Aver-agedivi-dend

share(600

com-panies)

Dollars

Interestrates,com-

mercialpaper(4-6

months)

Percent1929: June .__.1930: J u n e . , .1931: June1932: June _•___1933: June ___1934: June1935:

JuneJulyAugustSeptemberOctober-_..__NovemberDecember

1936:January......February. „March-AprilMayJune

26,40424,62119,40612,90112, 96914,754

15,80816,55015,53615,01616,84416,68518,676

17,49915,76617,86717,49716,99818,883

7,7618,4356,7454,7453,9783,701

3,2083,0783,0093,0953,0063,1083,274

3,1283,1173,3133,3043,4863,619

3,2773,1903,2883,3803,3403,4013,401

3,3043,?813,4953,4853,5863,619

5,5606,1207,7957,4918,367

10, 365

11,79112,03412,02212,39012,47612,48012,646

12,99613,04713,22913,45213, 52214,159

1,4001,018

9432,3102,2202,472

2,4802,4652,4852,4772,4822,4802,486

2,4792,4822,4732,4752,4743,473

162475

1,732

2,4142,5132,7082,6002,9703,1002,844

3,0842,9862,3052,6642,866

%,m

22.715 9

156.1—234 8

1 064.7

231.415.847.8

157.7313.5211.1191.3

43.9-26 .1

6.427.9

166.7253.0

4,6874,4894,7505 5305,7425,341

5,5225,5505,5765,6515,7045,7705,897

5,7575,7795,8575,8925,9186,063

4,4594,5595,1565 2825,1305,134

5,1875,1615,1525,1795,1615,1545,187

5,1775,1775,2045,1755,1655,310

128148306784

1,1871,198

1,2051,1891,1921,1921,1961,1991,201

1,2081,2141,2161,2151,2141,333

190.7152.895.134.372.873.1

75.578.883.085.085.293.395.3

100.1106.1108.7108.9101.0105.6

96.0597.6495.8675.6686.8493.16

93.9494.1293.0792.6592.84

94.47

96.1697.2297.26

97.3897.63

521,946538,452224,88083,872109,482118, 588

55,457127,127148,210172,745148,462119,794221,207

115,253106,739129,527176,672111, 571317,370

2.882.912.36

.34

.05

.19

.29

.30

.33

.34

.35

.401.41

.42

.45

.46

.47

.50

.51

1 Net exports indicated by {-).2 Note that this column has been changed. See p. 32 for figures excluded.

August 1936 SURVEY OF CURRENT BUSINESS

TransportationT?REIGHT traffic, which has lagged conspicuously in

. •*- the recovery experienced since 1933, has shared inthe broad advance of the current year. During July,loadings have expanded moderately, on a seasonallyadjusted basis, with all classes of traffic contributing tothe increase. In each of the first 3 weeks of Julymore than 720,000 cars were loaded, a figure that hasbeen exceeded only twice in the past 5 years; those 2weeks were in October 1935.

The outlook for fall traffic is clouded to some extentby the drought, which will cut the volume of agriculturalproducts to be moved from some areas, although theshifting of livestock and feed from one region to anotherwill be a partial offset to the loss in crop movements.The regional shippers' advisory board in its estimate offreight-car requirements anticipated a movement forthe third quarter 11 percent above the correspondingquarter of 1935, a gain of about the same proportionsas was actually realized during the first 2 quarters.More than average gains are anticipated for ores andconcentrates, lumber and forest products, iron andsteel, machinery and boilers, cement, brick and clayproducts, lime and plaster, autos, trucks and parts,canned goods, and citrus fruit.

If the present rate of improvement continues, therailroads may be expected to report a profit on opera-tions for the full year for the first time since 1931.During the first 6 months the roads operated at a loss,which, however, was considerably smaller than that ex-

perienced in the first half of 1935, and the best monthsof the year from an operating standpoint are stillahead.

In June, operating revenues were about 18 percentlarger than in June 1935, according to the figuresreported by the Association of American Railroadsbased on the reports of 144 roads. This percentagegain was slightly larger than the relative gain reportedfor all roads in May, as compared with a year ago.For freight revenues, the June increase was 19 percentover the corresponding, month of 1935, a somewhathigher relative increase than was reported in May.

Of special interest in the Commission's report werethe figures on passenger revenues. The estimated gainin revenues in June over May was less than usual atthis season but suggests that sharp reductions may notresult from the lower unit fares, though 1 month affordsan inadequate basis for making a trustworthy ap-praisal. The eastern district, where passenger trafficis especially heavy, is the only one seriously affectedby the new low rates, since the other regions have beenexperimenting with reduced fares for some time. Forthis area a gain of 7.1 percent over June 1935 was re-ported. The May gain in eastern territory was 10percent compared with May 1935. For all regionscombined, the estimated increase for June, as comparedwith the corresponding month a year earlier, was 12percent or the same as the relative gain reportedfor May.

RAIL AND WATER TRAFFIC

Tear and monthUnad- Ad-justed1 justed*

Freight-car loadings

F. It. B. index

Monthly aver-age, 1923-25=-

100

TotalCoalandcoke

For-est

prod-ucts

Grainand

prod-ucts

Live-stock

Mer-chan-dise. c. 1.

OreMis-cel-la-

neous

Freight-car

surplus

Thousands of cars 4

Pull-manpas-sen-gerscar-ried

Thou-sands

Financial sta-tistics, class I

railways

Oper-atingreve-nues

Net rail-way op-eratingincome

Thousands ofdollars

Canal traffic

SaultSte.

Marie

NewYorkState

Thousands ofshort tons

Pana-mas

Thous.of longtons

1929: June1930: June. ..__1931: June . . .1932: June1933: June— -1934: June__—1935:

JuneJuly __August -SeptemberOctoberNovemberDecember .

1936:January....FebruaryMarchAprilMayJune_— __—

Monthly average, Janu-ary through June:

1934_ _.19351936 ._ i

1109577526164

1089377526264

1,073.0893.9724.6501.8603.3626.2

616.4557.2620.4657.9720.5635.9579,6

588.3627.0604.7636.2670.4696.8

593.7583.1638.1

167.4137.9114.1

70.6105.9107.9

131.884.3

103.5117.8143.4132.3138.8

156.0192.1112.5118.2119.6114.9

130.1129.5137.1

70.346.029.116.626.724.7

26.726.430.330.931.627.525.9

26.026.930.530.332.334.7

23.124.430.1

44.643.938.327.239.836.8

25.930.042.240.637.031.327.3

30.230.234.030.631.134.9

29.925.931.7

23.619.817.814.715.615.4

9.99.9

12.917.421.616.912.8

13.110.611.912.412.311.8

15.612.3

. 12.0

260. 5232.0210.1174.4169.9161.3

156.2150.2159.6160.3166.9157.6146.6

141.4146.0155.6161.8158.9163.2

160.9154.7154.2

76.560.729.64.3

14.233.8

32.832.834.133.832.413.45.2

5.65.76.08.9

37.450.5

12.313.719.2

430.1353.5285.7194.1231.2246.3

233.0223.6237.8257.1287.5256.9223.1

215.9215.6254.2274.0278.7387.9

221. 7222.6253.8

218465599773454

272296245229208252271

231171205179185170

371308190

3,0002,6792,0511,3001,2011,303

1,3091,2861,4251,3641, 2781,2461,409

1,5331,3591,3121,3531,295

5 1,2005 1,232* 1,370

526, 022439,671365, 762243,545278,329282, 779

281,328275,349294,018306,960341,018301,331296,225

299,099300,459308,304313,410320,966

271, 650272, 589312,155

103,54367,66349, 60512,30059,83142,038

34,10326,85142,07457,35975,42554,23446,040

35,76533,59535,20641,54841,84250,313

37,81132,46239,712

14,07612,6506,6451,9883,5827,901

7,0587,5037,7317,1487,4544,087439

000

378,710

387416385454479557

482519576574800655

0

000

228568616

1,1861,062

779835

715848907983843852

775813981

1,023940989

971851920

i Daily average basis.83026—36 -2

* Adjusted for seasonal variations. * American vessels, both directions. 4 Average weekly basis. 5 5 months' average.

10 SURVEY OF CURRENT BUSINESS August 1936

Automobiles and RubberPKODUCTION of automobiles has declined during

July, but the rate of recession has not been rapid andthe total assemblies for the month is expected to exceedthe July total for each year back to 1929. The officialfigures for June revealed that United States production(or factory sales) for the month was only slightly lessthan in May, the comparative figures being 454,487and 460,565 units, respectively. June, however, hadone additional working day. Production of commer-cial cars, trucks, and road tractors reached 77,846vehicles, nearly 3,000 more than in May.

While the distribution of funds in settlement ofworld war veterans' "bonus" has undoubtedly been afactor in the maintenance of a high rate of automobileproduction, this special situation does not fully explainthe persistent strength in the new-car market. Thatthe manufacturers expect a continuation of this favor-able market during the remainder of the year is indi-cated by the estimate of the Automobile ManufacturersAssociation that the total production of cars andtrucks this year will approximate 4,600,000 cars. Ifrealized, this would mean an output in excess of2,000,000 vehicles for the second half of the currentyear, which compares with an actual production of1,729,000 vehicles in the second half of 1935,

The reported figures on sales indicate that the carsbeing produced are moving promptly into the hands of

buyers. The seasonally adjusted index of new passen-ger-car sales rose sharply in June.

Statistics on registrations this year reveal that themedium- and higher-priced cars have shared to anincreasing extent in the available business. Registra-tions of the three popular cars in the low-price groupaccounted for 65 percent of all registrations in the first5 months of 1936, whereas a year ago, notwithstandingdelays encountered by one manufacturer in makingdeliveries, the percentage was 69.7. The four nextmost widely sold cars accounted for 22.2 percent of thetotal registrations in 1936, whereas last year registra-tions of these particular makes represented 19.4 percentof all registrations. Registrations of Packards, Cadil-lacs, La Salles, and Lincolns combined numbered 38,671this year against 16,059 in the first 5 months of 1935,a gain of 141 percent. Total sales in this group havebeen favorably influenced by the introduction of thePackard 120 and the Lincoln Zephyr. Combinedregistrations of these cars in the 5 months of 1936constituted 2.6 percent of the total, compared with1.4 percent in the comparable period of 1935.

Consumption of crude rubber during June establisheda record for that month by a very considerable margin.Statistics on the tire industry for May (the latest avail-able) show a marked seasonal rise in shipments, amuch smaller rise in production, and a consequentreduction in manufacturers' stocks.

AUTOMOBILE AND RUBBER STATISTICS

Tear andmonth

F.B.B.index,

ad-Justed*

Automobile production

United States

Month-ly av.,1923-

25=100

Total

Pas-sen-ger

cars '

Thousands

Trucks

Canada

Total

Automobileexports

Passen-ger Trucks

Registrations

Newpassen-ger cars

Newcom-

mercialcars

Number

New passenger-car sales

Unad-justed

Ad-justed

Monthly average,1929-31=100

Pneumatictires *

Pro-duc-tion

Do-mesticship-

ments

Thousands

Do-mestic

con-sump-tion,total

Crude rubber

Im-ports

Worldstocks,end ofmonth

Long tons

1929: June1930: June.1931: June..._-__1932: June1933: June1934: June--1935:

June _July—,.August—September..OctoberNovember._December

1936:JanuaryFebruaryMarchAprilMayJune

Monthly aver-age, Januarythrough June:

1934

1936

1539165476581

94776993114125

11090109124118119

87113125

546335251183250306

35633223788272395405

364288421503461454

286370415

451285210160208261

27418156213337

225344417386377

234308340

94,56149,03340,60423,00342,16545,197

62,15857, 76556, 27031,44358, 73358,14561,506

65,73062,79077,44885,64275,05877,846

52,01061,80574,086

21,49215,0906,8357,1127,32313,905

15, 74513,0697,6925,3238,31313,49613,775

13,30213,28817,97424,95120, 00616,400

13,68118,54417,650

34,1C910,0775,8432,9724,75717,971

16,51714, 75210,0765, 6227,47122,49117,736

15,86716,04618,92117, 72317,72714,987

13, 20615,92516,879

16,7895,3364,3401,3872,4786,815

9,75310, 2749,9977,0817,1098,03810,276

9,7879,9139,9998,33010,8489,055

8,3067, 7189,655

386,441260, 946201, 911148,752174, 219223,864

280,360285,178233, 851157,098148,389220, 262237,194

215,782176,668301,272397,190392, 750369,423

165, 926243,656308,848

45,07933,49628,49017,81323, 25434, 778

48,24351,24350, 35541, 39043,24337,61638,000

43,76040,30151,81757, 00062,18356,000

32,46142, 34451,844

183.2118.280.856.565.284.6

104.989.180.250.153.396.690,6

69.365.5

117.8142.3138.1139.3

90.7112.0

141.590.061.542.549.063.5

78.581.075.079.082.0

113.5106.5

102.089.5

101.093.593.0

109.0

5,4784,0984, 5384,5154,8804,212

3,7933,4263,2343,0673,2813,238

3,7092,8982.9473,932•4,027

i 4, 3974 4, 276

3,503

5,2884,0504,3207,9714,9774,956

4,0615,2123,7832,6213,2583,1703,311

3,0792,5453,0653,9174,659

38,90531,17034,88335,98744, 65436,620

33,32733,10936,00034,00038,19238,50038,648

43,65533,07138,43346, 70745,43447,373

< 3,875* 3,8684 2,878

38, 79942,445

41,82840,38246, 93941,11723, 50448,748

32,18248,13141,48335,70736,37826,07339,812

33,92134,33934,87445,83037, 05038,273

45,10239,89237,381

289,084418, 509533,021595,712613,055672,804

671,525679,061684,644661,509655,000623,300611,987

600,479599,355574,594558,583532,411509,931

668,746681, 543562, 559

' A dfnsted for seasonal variations. > Covers varying percentage of industry, see note on p . 55. * Includes taxieabs, see footnote on p. I * 5 months* average

August 1936 SURVEY OF CURRENT BUSINESS 11

Forest ProductsA CTIVITY in the various forest-products industries

-*^L has been maintained into midsummer at theimproved positions reached last spring. Lumber pro-duction did not vary much from May to June, but inJuly there was a further increase. Paper production,which had been steady for 3 months at 8.1-82 percentof capacity, dropped to 75 percent in the week of July11 but was back to 80 percent in the week of the 18th.Paperboard production in mid-July was higher than inJune after a temporary drop in the early part of themonth. Changes in the output of naval stores werenot significant.

Consumption of lumber in the building industry isstill expanding and the current volume of new contractsand building permits indicate a further increase.Residential construction contracts in June, measuredin terms of floor space, were the largest for this monthsince 1930. For the first half of the year the floorspace covered by residential contracts increased 67percent in comparison with the first half of 1935. Therelative gains over a year ago have had a tendency tonarrow recently.

While manufacturers' stocks of lumber are increasing,these are not considered by the trade to be excessiveand, in some regions and for some species, the stocksare not adequate. With rising consumption largerstocks may be required to meet regional and shiftingdemands for seasoned woods. At the present timethe ratio of stocks to consumption shows a considerableimprovement over the condition of 3 years ago, before

a concerted effort was made to,curtail stocks. Theratio in four important softwood regions is now roughlythe same as that prevailing in 1929. The ratio movedhigher generally until the end of 1932, since when thetrend has been downward.

Prices of lumber have been relatively steady thisyear in common with the movement of other buildingmaterial prices. Lumber prices dropped rapidly from1929 to the middle of 1932. After moving horizontallyfor almost a year, prices rose precipitously before andwith the advent of the N. R. A. As consumption wasslow to improve, the price tended downward in 1934,but in the past year and a half there has been a slightrecovery. Current prices are about on a par withthose of the third quarter of 1930.

Business of the flooring manufacturers continues tobe much better than the average for the lumber in-dustry. Orders for the first half of the year for oakflooring were 76 percent higher than in 1935 and formaple, birch, and beech flooring the increase was 53percent. Orders received for oak flooring were aboutfive times as large as those in the other group.

Production of furniture increased in June, and theattendance and purchasing at the National FurnitureShow indicates that buyers are taking an optimisticview of the fall prospects. During the first half of1936, production in a representative sample of manu-facturing establishments was 39 percent higher thanin the initial half of 1935.

FOREST PRODUCTS STATISTICS

Year and month

Lumber production

TotalsTotalsoft-woods

South-ernpine

Cali-forniared-wood

Millions of feet, board measure

Ad-justed*

Carload-ings^

Employment

Furni-ture,ad-

justed*

Tur-pen-tineand

rosinunad-justed

Pay rolls

Unadjusted

Furni-ture

Tur-pen-tineandrosin

Monthly average, 1923-25=100

Paper production

Total

Bookpaper,un-

coatedl

News-print

Paperboard

Wrap-pingpaper

Short toDS

News-«print

1929: June1930: June . .1931: June1932: June1933: June ._.'.1934: June1935:

JuneJuly ._—AugustSeptemberOctober. _.NovemberDecember

1936:January. ____-.February _..MarchApril _-MayJune -

Monthly average, Januarythrough June:

193419351936

1,337

1,3591,6361,8061, 7501,9711,6201,422

1,4901,3531,5871,8651,8911,886

1,3731,2621,680

1,069

1,0741,3581,5171,4571, 6691,3471,215

1,2611,1381,3431,6131,6381,633

1,1081,0021,436

21812791121

110131137125149134126

141125148155159145

114105148

112.491.775.854.661.664.7

72.473.373.971.771.672.4

74.473.373.774.776.877.3

61.767.175.0

94.570.881.198.6

98.998.999.1100.5100.3100.799.7

98.098.197.199. C97.899.0

100.098.198.2

109.279.458.229.234.041.2

48.548.456.060.263.059.358.4

51.854.355.756.256.759.3

39.847.555.7

48.531.633.251.0

59.957.559.359.364.665.864.4

60.555.259.257.058.158.6

50.755.758.1

648, 238

721, 908700, 349815, 630756, 573914, 297783,341717, 604

819,300753, 581776, 471867, 931798, 060

686,670-751,020803,069

84,973

82,09886,12188, 20187,91195,89489, 26291. 075

101, 22396,068101,669107, 53397, 36986.676

90, 76498,423

113,331108, 451101,00885,08984, 35283, 517

77,01072, 79775,16071, 26279,97478, 95575,869

79, 33679, 24976, 50076, 50475, 71979.830

81, 94976, 66476, 690

292, 967228,078

256,665260, 207291,127289, 596345, 596294,290243,594

270,928271,107285,257294, 929289, 527279,390

239, 005261, 608281,993

109, 568

132,181121,304160, 510135,278176,973138, 523131,544

160.822130, 719132,887165,537141,120

126,659s 140,291U46,017

192, 424177,800161, 265138,204130,879154,175

161,884153,811148,142160,558179,821187, 448186,514

161,185182,213183,974183,399227, 216178,396

159,952171,467186,064

i Of forest products. 2 See note on p. 54. JSee footnote on p. 48. * Adjusted for seasonal variations 5 5 months' average

12 SURVEY OF CURRENT BUSINESS August 1936

Iron and SteelOPEKATIONS in the steel industry during July,

to judge by the weekly estimates of ingot produc-tion, have been maintained at a leTel only slightly belowthat of the preceding month when operations averaged69.8 percent of capacity. The rate of production duringthe past 4 months has been exceptionally uniform,averaging about 70 percent of rated capacity.

A marked seasonal decline in production is usuallyexperienced in July, so that a further rise in the adjustedindex of iron and steel production may be expected inview of the slight change experienced; the June adjustedindex of 113 (1923-25 = 100) was the highest figurereported since February 1930. It was 71 percent abovethe figure for June 1935. Shipments of finished prod-ucts in June were not maintained to the same extentas the rate of ingot production, if the figures for theUnited States Steel Corporation may be accepted as anaccurate indication of the change for the entireindustry.

Aside from the normal demands for steel, which arereported to have been relatively heavy during recentweeks, two special factors have probably influencedthe volume of production. These are the price advancesannounced for the third quarter, but which were notmade immediately effective, and the widely publicizedattempt to unionize the industry. Commenting onthis latter factor, the magazine Steel states: "Labororganization in steel is driving in a certain amount oftonnage from consumers seeking to build up stocks as

a hedge against possible interruption in production.Buying attributed to this situation has been particu-larly noticeable in material on which mills are quotingdeferred deliveries."

The automobile industry has required less steel asthe assembly of cars has declined, but car manufac-turers are still taking large quantities, as is evidencedby the rate of assemblies, which has only recentlydropped below 100,000 units a week. The require-ments of the agricultural implements industry havealso declined as production of these products recededfrom the exceptionally high level of output reachedin the second quarter. The machinery industries,however, give further evidence of expansion. Theindex of machine tool orders advanced to 128.8 inJune (1926 shipments = 100), which is the best figurereported since 1929. The present index compareswith a figure of 91 in June 1935 and one of 35 in June1934. Shipments of foundry equipment continued toincrease in June, the index for that month revealing avolume of shipments nearly double those of June 1935.

Total production of steel ingots in the first half ofthe year amounted to 21,326,000 gross tons, an in-crease of 33 percent in comparison with the output ofthe first half of 1935. This was considerably more rawsteel than was produced in the full year 1932, whenproduction fell to 13,323,000 tons, and it was not farbelow the total of 22,594,000 tons produced in the fullyear of 1933.

IRON AND STEEL STATISTICS

Tear and month

General operations

Produc-tion,ad-

justed i

Em-ploy-ment,

ad-justed^

Payrolls,

unad-justed

Monthly average,1923-25=100

Ex-ports

Iron andsteel

Im-ports

Pig iron

Pro-duc-tion

Thousands of longtons

Fur-naces

inblast

Num-ber

Steel ingots

Pro-duc-tion

Thou-sandsof longtons

Per-centof

capac-

Stee! sheets 2

Newor-ders

Ship-ments

Thousands ofshort tons

UnitedStatesSteel

Corpo-ration,finished

prod-ucts,ship-

ments

Longtons

Prices

Ironandsteel,com-posites

Steelbillets,

mer(Pitts-burgh)

Steelscrap(Chi-cago)

Dollars per long ton

Fin-ishedsteel,com-posite

Dollarsper 100pounds

1929: June1930: June .1931: June.1932: June1933: June1934: June1935:

JuneJulyAugust -September *.OctoberNovemberDecember

1936:JanuaryFebruaryMarch _AprilMay..,.June

Monthly average, Januaryhrough June:

1935..1936-

14810261267186

666981838896103

868383100105113

737295

104.492.370.452.355.676.3

71.772.473.474.175.977.177.9

77.675.976.177.980.1' 83.2

70.470.978.3

111.492.557.027.236.262.6

55.752.659.462.765.565.168.8

64.465.269.973.976.978.5

53.157.371.5

2481597652103219

290297247244238205239

242214264302315395

209266272

644938343425

33323153605754

504357495960

28onO\)

53

3,7172,9341,639628

1,2651,930

1,5531,5201,7611,7761,9782,0662,106

2,0261,8242,0402,4042,648

1,6331,6332,255

218160914690

919599104116122120

117120126144146145

95133

4,9033,4192,128913

2,5643,059

2,2592,2682,9162,8253,1433,1503,073

3,0462,9643,3433,9424,0463,985

2,7342,6743,554

1006839164553

41394951535556

515459697110

30818716485247115

129206207196226289203

175138252190192

198191201

34821315690153302

161152181177221213195

207176210252210304

201198210

984,739653,104324,746603,937985, 337

578,108547, 794624,497614,933686,741681,820661,515

721,414676,315783,552979,907984, 097886,065

613,149592,333838, 558

36.4633.2830.8229.0928.7132.96

32.4232.4432.6832.8232.8433.1533.31

33.3433.4833.2133.1032.9233.79

32.0732.4233.14

35.2531.0029.0026.5026.0029.00

27.0027.0027.0027.0027.0028.0029.00

29.0029.0028.2028.0028.0038.00

27.1327.0028.37

14.9412.068.755.698.919.75

9.9710.3512.3812.5012.5013.0013.35

13.3814.1914.7514.3412.8813.85

11.0110.5713.73

2.562.332.192.172.092.53

2.442.442.432.432.432.432.43

2.432.432.372.362.363.36

2.402.442.39

1 Adjusted for seasonal variations. a Black, blue, galvanized, and full finished. » See table on p. 19 of the January 1935 issue.

August 1936 SUEVEY OF CURRENT BUSINESS 13

Textile IndustriesOUTPUT of the textile industries in June, on a

seasonally adjusted basis, reached the highestlevel of the year. Computed from data on the cotton,woolen, and silk industries, the index at 107 (1923-25 =100) was 7 points above the figures for both Mayof this year and June of last year. Output of the rayonindustry, which is not covered by the index, increasedsharply, with the adjusted index of deliveries at arecord figure in June.

Kesults for the first 6 months of the year, however,show only a moderate improvement over the corre-sponding period of 1935. The Federal Reserve pro-duction index averaged slightly higher than in the firsthalf of 1935 and was higher than that for any similarperiod since 1929. The gain over the first half of 1935reflected the higher rate of operations in the cotton in-dustry, as both woolen and silk manufacturing declined.

Raw-cotton prices have risen steadily since early inMay, with current quotations above 13 cents a pound.This strength resulted from the improved statisticalposition of the staple. Higher raw-cotton prices havecaused an advance in fabric prices, and this has beenone factor influencing the sharp upturn in sales ofcotton goods in recent weeks. The rise in the volumeof business of cotton mills, and of woolen mills as well,is reflected in the advance of 25 percent from May toJune in the index of textile orders reported by the

associated industries of Massachusetts. Apparently,output of cotton mills has not increased to a degreecommensurate with the increase in the volume of orders,but mills have maintained a steady rate of operationsduring a normally dull period which usually brings acurtailment of production.

Cotton-spindle activity in June was about 6 percenthigher than in May and was about the same as theaverage for the year to date. Cotton consumption hasexperienced a like movement, with the consumptionrate during the early part of July showing no significantchange from that of June, according to the weeklyestimates.

Production in the woolen industry increased in June,but was still considerably below the high level of lastwinter. Silk manufacturing has continued to decline.For the first 6 months of the year silk deliveries tomills were about one-sixth less than in the first halfof 1935.

With the sharp gain in nonacetate rayon deliveriesin June, stocks dropped to but 1 month's supply, basedon average shipments during the past 12 months.The industry has never, except in 1933, approachedthe fall selling season with stocks at such a low figure.For the first half of the year the table below shows thatmill deliveries were about 18 percent higher than in theopening half of 1935.

TEXTILE STATISTICS

Pro-duc-

tion in-dex, ad-justed i

Year and month

Month-ly av-erage,

1923-25=100

Cotton,raw

Mil!con-

sump-tion

Run-ningbales

Cotton manufactures

Spin-dle ac-tivity,total

Mil-lions ofspindlehours

Cotton cloth,finishing

Plainbleach-

edPrintgoods

Thousands ofyards

Whole-sale

price,cottongoods

Month-ly av-erage,1926=

100

Wool

Con-sump-tion)

Thou-sands

ofpounds

Wool manufactures

Spinningspindles

Wool-en

Wor-sted

Looms

Nar-row Broad

Percent of active hoursto total reported

Whole-sale

price,woolen

andworsted

goods

Month-ly av-erage,1926=

100

Silk

Deliv-eries to

mills

Whole-sale

price,raw,

Japa-nese, 13-15 (NewYork)

Balesof 133

pounds

Dollarsper

pound

Rayon

Deliveriesto mills

Un-ad-

just-ed

Ad-Just-ed i

Dailyaverage,

1923-25=100

Hos-iery

Pro-duc-tion

Thou-sandsof doz-

enpairs

1929: June1930: June1931: June1932: June1933: June1934: June1935:

June.—_ —JulyAugust -SeptemberOctoberNovember *December

1936:JanuaryFebruary —MarchAprilMayJune -.-

Monthly average,January throughJune:

193419351986

12083966313377

100105104106113106111

105102100100100107

100102

569,414405, 236453,901322,706697, 261363,262

383,982390,712408,410449,126552,187507,836

591,309516,649548,913576,762530, 799556,323

487,515472,677553,459

8,1605,7896,6304,2509,2995,241

5,1025,1555,5456,1847,4456,8976,804

7,7146,7367,2647,320

7,3

6,8576,3297,208

106, 741

90,49689,16494,52193,013110,885102,292101,310

97,43592,807107,893104,837105,062108,000

135, 542132, 774102,672

83,414

70,38161,84277,91386,94897,97297,331104,720

100, 52891,86095, 27491,07489, 518

390,500

109, 569105,96293,126

97.887.267.651.067.186.0

82.582.082.583.284.585.886.0

80.478.177.176.275.575.4

85.682.177.1

44,06632,77245,80518,933

26, 213

80,42866,64874,78180,29378,72772,99373,367

73,90864,19353,46055,38746, 59354,533

31,79264,68458,012

8262613010071

89941039710610493

959685828787

708389

655673349229

72676767818373

626859605757

416961

614846165330

25243133424443

484438363436

362839

88.379.768.055.068.880.8

75.676.476.476.979.180.781.0

81.482.883.882.282.2

82.773.882.5

46, 50429,39642,16137,46653,62733,069

33,72844,16641,71545,15648,16737,01235,559

32,05336,00034, 56432,08731,437

38,87440,89534,189

4.9253.2512.4631.1942.1551.199

1.3761.4471.7051.8682.0842.0921.958

1.9501.7841.7331.6821.6001.597

1.3681.3821.724

254225288137450305

381433550583494464473

477517422433428498

338394

299269347166556382

,477570513419462522557

487454399416446633

341402471

8,474

7,1217,5419,0019,57711,57410,2938,918

10,0999, 2529,83210, 2019,2709,479

9,2259,103

i Adjusted for seasonal variations. 2 Grease equivalent; see note on p. 58. a Estimated.

14 SUEVEY OF CURRENT BUSINESS

NATURAL GAS1

August 1936

Year and month

Customers

Total Domestic

Indus-trial andcommer-

cial

Thousands

Sales to consumers

Total DomesticIndus-

trial andcommer-

cial

Millions of cubic feet

Revenue from sales to consumers

Total DomesticIndus-

trial andcommer-

cial

Thousands of dollars

1929 monthly average,.1930 monthly average.

JanuaryFebruary-..March..:AprilMay . . . .JuneJulyAugustSeptember-OctoberNovember..December-.

1931

Monthly average-

January. _..February.. .March . . . . . .AprilMay . .June. .July....___.AugustSeptember.October.....November..December..

1932

Monthly average.

JanuaryFebruary. —MarchAprilMayJuneJu ly . .AugustSeptember..OctoberNovember..December..

1933

Monthly average.

JanuaryFebruary...MarchAprilMay . . .June. .July _.AugustSeptember..OctoberNovember..December..

1934

Monthly average.

January.^ _ _February.. _March _-AprilMayJuneJulyAugustSeptember..OctoberNovember..December..

1935

Monthly average.

5,1495,575

5,6745,7145,7005,6845,6945,6385,6005,5795,5935,5995,6515,655

5,648

5,7215,7065,7005,6645,6275,5855,5125,5085,5385,5845, 6275,588

5, 613

5, 5155,5155,5175,4845,4735,4405,4095,4255,4815, 5475,6185,642

5,505

5,6265,6585,6745,6635,6745, 6605,6335,6545,7015,7605,8215,848

5,698

5,7935, 8115,8385,8275,8455, 8365, 8205,8355,8805, 9476,0186,039

5,874

4,8315,228

5,2615,2815,2675,2535,2615,2215,1925,1785,1945,2005,2415, 234

5, 232

5,2825,2665, 2595,2325,2085,1795,1175,1195,1445,1705,1935,155

5,194

5,0885,0905,0885,0645,0655,0545,0265,0445,0975,1485,1895,204

5,096

5,1955, 2255,2365,2315,2545,2565,2375,2585,3005,3445,3795,391

5,276

5, 3405,3585,3815,3785,4035,4095,4045,4275,4685,5105,5525,563

5,433

317344

410431431430430414405399398397408419

414

437438440430416404393388392412432431

418

425424427418406384381380382397428436

407

430431436430418402395394399414441455

420

451452455448441425415407411435464474

440

79, 82479,883

103,31291,79489,24485,81570,69260,05353, 54651,61255,21761, 37271, 65984,935

73, 271

89,18586, 03482, 64174,48261,79955,49847, 66247, 82450,81357,03370, 76684, 095

67,319

86, 03685,45077,39970,37063,04057,00855, 21656, 07858,32465,43178, 31985,071

69, 812

93, 72296, 21995. 25984, 88873, 65367, 79562,89863, 76267,02772, 69284, 60097,755

80,023

106, 228105,19097, 52489, 51582,84374,11668, 27271, 51975, 32585,02899, 714113,418

89, 058

25,99727,081

46,19939,08936,98533,79726, 52719,09813,64612,65814,02917,12124,99734,689

26,570

39, 249

36, 30631,26122, 58216, 54613,12312,16213,15317, 20725,10535, 255

25, 025

36,42633,04827,44621, 98515, 84812, 38611, 59813,09016,130

30, 430

23,459

36, 27236,10135,78828, 53420,82415,76012,51711, 72113, 51316, 69923, 52733, 227

23, 707

38, 95638,45234,13628, 57624, 60819,14914,08312, 51914,13518, 55626, 72636,325

25, 518

52,86151, 943

56, 52852,13051,12151,31443,43140, 29439,14538,22940, 32943,41245,89548,983

45,901

49,09546, 97145, 28742, 29738, 66938, 45634, 04535,13437, 27838,87644, 62847, 742

41,540

45,99048, 30743, 70542, 27140,31740, 59142,27543, 83244,38848, 65153, 72853, 555

45, 634

56, 59159, 06358,36055,42751,83151.19849,42651,06652, 55055.19960,19463, 525

55, 369

66,19665, 56362, 23159,94757,16853, 76153, 31458, 04960, 27365,25271, 69175, 680

62,427

28,99429,908

43, 48437,99336,45833,93428, 20522, 64618,89417,93918,92821,41826,97734,173

28,421

37, 75236, 79235, 22431,01124,82020,45317,40416,95018, 01221,08026,96733,465

26, 661

36, 20734, 68331, 49327, 57323, 99020, 31718,15017, 76718, 83321, 81727,00731,311

25, 762

36,25135, 79235, 43230,31925, 04221, 76419, 20718, 81420, 22322, 58327, 69734,645

27, 314

39, 23138, 35435, 41331, 59928, 35524, 39521, 09520, 77622,12025,80532,09938,825

29, 839

16,85318, 055

29,71625,31523,98622,00418,12613,87810, 69710,10910,84912, 76617, 27623,136

18,155

26,01425,36424,02321,02516.33012, 72410,58610,04110, 62812,93417, 31522, 639

17,469

25,41223,79921, 59718,44915, 65612,31310,1499,61810, 56212,52916,46320,141

16, 391

24,04523,21622,86118,95614,87312,09110,2179,70510,80912, 52516, 29321,658

16,437

25,33624, 46122, 29019, 27317,02814, 05611,19210,31611,262.13, 67718, 31623,635

17, 570

11,95211, 674

13, 64912, 52812,32911,8329,9988,6958,1267,7337,9888,5619,53910,916

10,158

11, 59911, 29711,0119,8398,3967,6536,7516,8377,3158,0179,50010, 665

9,073

10, 65310,7519,7739,0038,2147,9077,9108,0488,1499,18910,42010,992

9, 251

12,03612,38412,37211,19310,004

8,9609,2639,92811, 26212,818

10,716

13,73813, 69912,92812,16211,15910,1789,76010, 32110,71811,95813, 59114,981

12,099

1 Compiled by the American Gas Association and represents a revision of data that appeared in original form on p. 144 of the 1932 Annual Supplement and in revisedform on p. 19 of the May 1933, p. 20 of the May 1934, and p. 19 of the May 1935 issues, as wall as data shown in subsequent monthly issues until the April 1936 number,wherein statistics for the month of December 1935 were last shown. The revisions resulted from the reclassification of manufactured and natural gas companies accordingto the kind of gas they were distributing in 1934. If further changes in the classification between 1934 and 1935 have been made, the figures will all be revised accordingto the 1935 classification. The figures for 1935 cover only those companies distributing natural gas during 1935. Such changes for that year that have been made resultedmainly from the usual monthly revisions caused by the receipt of additional data. For 1936 data see p. 41 of this issue.

August 1936 SURVEY OF CURRENT BUSINESS 15

NET PROFITS OF CORPORATIONS[In millions of dollars]

Quarter

Number of companies '__ _ _ . . .

March 1928 _—June 1928 _ . . _September 1928December 1928—

Year 1928Quarterly average

March 1929June 1929.. ' . _ _September 1929December 1929 .

Year 1929. __Quarterly average.. .

March 1930June 1930 . . _ _ _ -September 1930December 1930

Year 1930Quarterly average - _ - - _ • _ _

March 1931 .June 1931September 1931._ . . . _December 1931

Year 1931 . - _ _Quarterly average

March 1932June 1932September 1932 _ . . _December 1932 ._._

Year 1932 _ .Quarterly average

March 1933 -June 1933September 1933 -_ _ _ _ .December 1933.

Year 1933Quarterly average _

March 1934 _ _ _ ___••_•June 1934September 1934 _ ._ _December 1934-

Year 1934 - . ._.Quarterly average

March 1935 -June 1935September 1935December 1935— .

Year 1935Ouarterlv averase

TotalIndus-

trial cor-pora-tions

168

251.1314.4341.1296.8

1, 203. 4300.9

331.8406,6385.6267.7

1,391. 7347.9

241.5258.1181.9114.1

795. 6198.9

96.4133.581.83 8.2

303. 575.9

7.13 4.5

3 31.73 58.0

3 87.13 21.8

3 43. 665.2

107.654.3

183.545.9

79.6132.172. 639.4

323.780.9

107.9147.6124. 7199.8

580.0145.0

Auto-mobiles,

autoparts

and ac-cessories(exclu-sive oftires)

28

96.4135.9123.576.0

431.8108. 0

107. 6143.7102.233.0

386.596.6

59.975.227.121.1

183.345.8

31.165.713.9

3 22.9

87.822.0

.71.0

3 20.73 29.8

3 48.83 12. 2

3 4.750.543.03 3.6

85.221.3

32.847.119.534.8

94.623.7

45.768.835.575.1

225 156.3

Chemi-cals

13

36.327.038.032.0

133.333.3

44.735.542.341.3

163.841.0

35.232.729.726.1

123.730. 9

25.126.526.021.4

99.025.0

16.811.011.313.3

2 52.413.1

10.716.924.325.2

77.119.3

23.024.326.221.3

94.823.7

24.124.231.641.6

121. 530.4

Foodproductsand bev-erages

19

18.423.323.523.0

88.222.1

22.825.929. 722.9

101.325.3

21. 525.025.621.2

93.323.3

19.623.721.217.5

82.020.5

16.016.714.212.6

59.514.9

11.417.117.720.2

66.416.6

18.218.018.517.3

72.018.0

14.016.018.019.6

67.616.9

Ma-chineryand ma-

chinemanu-

facturers

17

10.011.913.113.8

48.812.2

13.916.114.816.7

61.515.4

10.910.46.08.3

35.68.9

2.83.6.5

3 2.7

4.21.1

3 2 . 6 •

3 2.13 2.63 7.2

3 14. 53 3.6

3 2.23.62.12.5

1.8.5

3.66.83.63.6

17.64.4

5.17.36.27.4

26.06.5

Metalsand

mining

12

4.05.76.18.2

24.06.0

7.48.19.17.7

32.38.1

5.23.53.43.6

15.73.9

2.01.3.9.2

4.41.1

.13.63.9

3 2.3

3 3.7

3.9

3 1.13.22.32.6

3.6.9

2.21.71.42.9

8.22.1

2.83.01.94.0

11.72.9

Oil

13

8.118.629.320.7

76.719.2

13.626.931.112.2

83.821.0

4.914.014.03 7.3

25.66.4

3 12.5319.2

3.73 5.8

3 38.23 9.6

3 2.05.23.1

3 1.3

5.01.3

3 18.53 3.315.512.8

6.51.6

3.04.27.73.4

14.53.6

1.66.6

11.310.1

29.67.4

Steel

11

33.942.946.656.8

180.245.1

67.886.182.172.6

308.677.2

56 550.132.413. 4

152.438.1

7.37.5

3 2.73 13.9

3 1.83.5

3 25.23 33.03 34. i331.0

3 123. 33 30.8

3 31. o3 15.73 4.23 9.9

3 60.83 15.2

3 9.614.9

3 17.33 10.9

3 22.935.7

.54.62.7

14.6

22.45.6

Miscel-laneous

55

44.049.161.066.3

220.455.1

54.064.374.361.3

253.963. 5

47.447.243.727.7

166.041.5

21.024.422.73 2.0

66.116.5

3.33 2.73 2.0

3 12.3

3 13. 73 3.4

3 8.2. 5

6.94.5

3.7.9

6.415.113.010.4

44.911.2

14.117.117.527.4

76.119.0

Tele-phonecom-

panies(net op-eratingincome)

0062 765.860.963.7

253.163.3

70.068.266.772.9

277.869.5

67 869.865.068.0

270.667.7

69.272 367.064. 2

272.768.2

58.759.151.854.6

224.256.1

41.447.148.2

• • • 4 7 . 2

183.946.0

47.549.442.146.3

185.346.3

45.448.347.453.3

194. 448.6

I

Otherpublic

utilities(net in-come)

53

59 151.146.366.7

223.255.8

66.759.554.771.3

252.263.1

68 259.353.469.7

250. 6! 62.7

63. 961 251.863.9

240. 860.2

56.451.040.151.1

198.649.7

45.142.238.443.3

169.042.3

45.643.233.241.6

163.640.9

44.742.439.349.7

176.144.0

1 Compiled by the Federal Reserve Bank of New York. This tabulation represents a revision of data that appeared on p. 90 of the 1932 Annual Supplement (where it wasshown by quarters for the period 1925-31 inclusive) and in the monthly issues until May 1936 wherein data were last shown for the quarter ended September 1935. Therevision was occasioned because of mergers, bankruptcies, etc., which occurred during the years since the original tabulation was started. The revised series starts withthe year 1928, as comparable figures were not available for earlier periods. The revised tabulation includes a separate group for chemical companies not shown in the oldtabulation. There were 38 companies dropped from the old series of 163 companies and 43 added. For 1936 data see p. 34 of this issue.

2 The number of companies in 1928 was 98; in 1929, 1930, and 1931, 104; in 1932 and 1933, 103; in 1934 and 1935, 59. These differences are not particularly important,since the companies excluded were small.

3 Deficit.

16 SURVEY OF CUREENT BUSINESS August 1936

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

July25

July July July June18 11 4 27

July July27 20

1934July July28 21

July July July July June25 18 11 4 27

July July27 20

July July28 21

. Business activity:New York Times*., . . .Business week*

Commodity prices, wholesale:Dept. of Labor, 1926=100:

Combined index (784)Farm products (67)Food (122)All other (595)

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

Copper, electrolytict--Cotton, middling, spot..

Construction contractstDistribution, carloadingsEmployment: Detroit, factory.

Finance:Failures, commercial.Security prices:

Bond pricestStock pricest-------

101.1?76.7

80.281.481.079.5

83.267.448.5

64.376.2

100.4 101.476.6

80.1

81.379.4

67.448.5

75.5

80.382.581.879.2

83.867.450.4

102.277.3

79.580.280.!78.9

83.167.446.0

75.1104.3

75.5 67.8

99.874.3

79.480.281.078.8

82.667.445.6

64.874.4

103. 5

85.563.8

79.277.182.277.9

82.656.5

47.662.266.

84.864.4

79.177.282.077.9

81.756.545.2

36.561.8

81.861.3

64.570.878.5

77.863.847.8

21.163.683.9

81.561.6

75.166.171.278.6

78.163.847.8

24.564.3

34.6 33.4 34.4 39.8 40.5 52.8 51.4 52.8 57.5

115.6 115.4 114.137.5

9 114. 6 114. 7135. 5 130. 5 129. 5 130. 4 103.0

108. 2 108.3 105. 2 106. 5101.8 80.6 86.7

Finance—Continued.Banking:

Debits , outside N . Y ; C.J_.Federal Eeserve reporting

member banks :fLoans, total

Interest rates:Call loansjTime loans i-_

Money in circulation!Production:

AutomobilesBituminous coalt—.Cotton, consumptionElectric powerf - .L u m b e r .PetroleumSteel ingots

Receipts, pr imary markets :Cattle and calvesH o g s . .Cot ton . _„_•_Wheat ,

90.! 91.1

67.3

104.4 111. 5

24.228.6

126.9 127.

24.228.6

'.7

66.9

24.228.6

128. 6 129.1

84.9

67.2

74.0

3.5

81.6

i4.0

24.228.

6.15.7

6.15.728.6

127.4 113.4 114.0 109.3 110.0

64.9

67.4

24.222.9

75.7

67.6

24.222.9

127.0 119. 3 128.471.5 69.1 67.0

116.2 112.1126.169.1

132.0 130.7 108.6 109.176.4 67.5 61.8

121.67.9

109. 3 113.4\ 4 121.8 109. 5 108. 5 101.18 117.

53.719.1

91.158.285.9

96.456.285.0

125.3 ]64.3 69.1 67.9 70.3 55.8 43.8 36.7 31.5 27.0

142.2 143.0 141, 5 138.8 142, 5 131. 3 131. 5 122.3 124.594.7 92.1 88.2 97.4 94.7 59.2 55.3 35.5 36.8

78.644.820.4

235.8 314.0 285.

79.841.713.5

84.9

14.2.3

97.4

71.041.320.8

115. 6

77.541.722.768.0 110. 2

62,629.134.6

55.3

70.127.124.2

180.8 196.161.231.9

73.832.3

85. 4 105. 4 138.4

* Data do not cover calendar weeks in all eases. ' Computed normal= 100. Preliminary. % Daily average. f Weekly average, 1928-30=100.

WEEKLY BUSINESS STATISTICS

1936

July 25 July 18 July 11 July 4 June 27 June 20

1935

July 27 July 20

1934

July 28 July 21

1933

July 29

C O M M O D I T Y P R I C E S , WHOLESALE

Copper, electrolytic, New York dol. per l b . .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_.

F I N A N C EBanking-

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

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

Member bank reserve balances....mills, of dol_.Excess reserves, estimated _..mills, of doL.

Federal Reserve reporting member banks:Deposits, net demand, adjusted.._milis. of dol_.Deposits, time mills, of dol..Investments, total mills, of dol_.

U. S. Government direct obligationsmills, of dol_.

Obligations fully guaranteed by U. S. Gov-ernment mills, of doL.

Loans, total mills, of doL.On securities mills, of doL.Allother mills, of dol..

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

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

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

Bond sales (N. Y. S. J5.)__thous. of dol. par value..Bond prices, 40 corporate issues..-. dollars..Stock sales (N. Y. S. E.) thous. of shares..Stock prices (N. Y. Times) dol. per share..Stock prices (Standard Statistics) (419) ..1926=100..

Industrial (347)... .„.___ 1926=100..Public utilities (40). 1926=100..Railroads (32) .1926=100..

P R O D U C T I O N , C O N S T R U C T I O N , A N DD I S T R I B U T I O N

Production:Automobiles (Cram's estimate) . . number . .Bituminous coal (daily a v . ) . . thous. of short tons . .Electric power. __ mills, of kw.-hr . .Petroleum thous. of bbl_.Steel ingots (Dow-Jones, est.) pet. of capaci ty. .

Construction-contract awards (da. a v . ) _ t h . of do l - .Distr ibution:

Freight-car loadings, total __cars__Coal and coke cars.,.Forest products cars . .Grain and p roduc t s . . cars . .Livestock cars . .Merchandise, 1. c. 1 . cars . .Ore cars . .Miscellaneous- cars . .

Receipts:Catt le and calves. . thousands . .Hogs . thousands . .Cotton into sight thous. of bales . .Wheat at pr imary market thous. of bu~.

0.093.1322.76

33.511.11

3,8834,212

2,46633

2,4305,9352,986

14,8575,01414,098

9, 471

1,2778,3483,2195,1291.001.25

6,6175.02141

6,160

56,260103. 517,782133. 46112.7128.2108.453.2

96,8631,2172,0882,961

72

731,062121, 55834, 70055, 02213, 648162,33755,174

24829153

18, 758

0.093.1322.7433.491.11

3,4724,226

2,47833

2,4305,8722,923

14,7464,99914,102

9,488

1,2768,4123,3585,1541.001.25

6.6275.03136

6,199

79,470103.33

131.8111.2126.3108.152.7

91,0271,1762,1002,978

709,666

720,402117,17033, 98858, 55512,315160,47253, 680284, 222

25227135

24, 975

0.093.1372.7633.481.11

3,7614,036

2,47233

2,4305,8142,883

14, 6304,99914,105

9,493

1,2778,3573,3425,0151.001.25

6.6275.02140

6,243

57,890102. 896,534126. 77106.4121.0104.048.7

97, 9331,1412,0302, 948

7

724,324116, 71731,02056,25014,402163,11654,979287,840

26831737

22, 699

0.093.1252.6633.481.00

4,7435,171

2,47334

2,4305,5892,670

14, 6795,01114,159

9,510

1,2898,4603,3195,1411.001.25

6.6305.02162

41, 360102. 604,652125. 77106.5121.6102.548.3

100,6781,3011, 9562,892

74

649, 759113,46330,91041,97211, 396142,05245, 337264,629

22426854

9,194

0.093.1242.6532.791.02

3,4693,937

2,47236

2,4305,3082,438

14, 5635,05914,124

9,474

1,302

3,3275,0691.001.25

6.6075.02165

6,188

50,170102. 685,791126. 68108.0123.4103.948.6

99, 6951,1502,0302,969

7210, 400

713, 639122, 49336,03041, 73812,811161,30049,462289,805

24527159

5,411

0.093.1222.6232.77

4,8404,445

2,48037

2,4304,8942,043

14,4315,02114,121

1,3028,5383,3955,1431.001.25

6.5855.03192

6,085

54, 610102. 795.147125.92106.3121.1103.748.0

100,7331,1212,0052,963

728,658

690,716112, 29034,38034,06411, 686160,88950,485286,922

22826561

2,121

0.078.1222.6032.55

3,5483,429

2,46056

2,4304,9452,335

13,1324,85112,123

8,073

1,0137,9313,1014,830.25.25

6.6134.96215

5,509

50,40096.897,464100.0180.092.972.434.8

1,0521,8242, 735

457,642

595,572107,47628, 68233, 3579,672

154,97834, 700

226, 707

19818990

8,766

0.078.1232.5832.42.95

4,1853,783

2,47257

2,4304,9242,340

13,1384,839

12,096

8;044

7,9933,1394,854

.25

.25

4.96209

5,538

49, 90597.016,28298.8479.191.772.634.1

83, 255914

1,8072,739

425,863

592,672

28,41533, 3849,672

154,97834,700

226, 707

22117663

6,794

0.088.1302.18

32.28LOO

2,8613,011

2,4565

212,4324,0201,873

13,4365,019

10,494

7,186

8,4213,6614,760

1.001.00

5.04215

5,310

80;48394.1710,84278.3167.575.565.937.3

69, 562991

1,6842,547

273,388

610,042106,19821, 71343, 62726, 295158,51430,803222,892

57139783

8,381

0.088.1302.1732.28

3,5283,511

2,4605

232,4323,9871,851

13,3675,02810,493

7,200

8,4473,6924,7551.001.00

6.5975.04234

5,342

55,22095.354,17384.2472.781.469.441.9

73, 579957

1,6642,593

283,930

616, 040102,21522,07147,17126, 214158, 63632,496

227, 237

62247984

11,006

0.088.1051.99

29.88.90

4,3773,274

2,20110163

2,0282,306473

11,0354,9428,455

5,364

5,0851.00.50

5.3774.58333

5,619

48,20087.9812,84884.3274.577.490.747.6

64,4251,2681,6622,698

552, 619

644,839136, 58328,01733,52915,080

172,87228, 282

230,476

236420128

8,224

•Data do not cover calendar weeks in all cases.

August 1936 SURVEY OF CURRENT BUSINESS 17

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. Note, how-ever, that many revisions have occurred since the last Annual Supplement was published. A special sup-plement was Included in the April 1935 issue, pages 57 to 72, inclusive. This supplement gave themonthly averages of all current series for the years 1933,1933, and 1931.

The terms "unadjusted" and "adjusted" used to designate index numbers refer to the adjustment forseasonal variation.

Data subsequent to June will be 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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

BUSINESS INDEXES

BUSINESS ACTIVITY (Annalist) f

Combined index _ .normal=100. _Automobile production normal=100__Boot and shoe production. _ .normal=100. _Carloadings, freight - ._ _ normal=100—Cement production normal=100. _Cotton consumption normal=100..Electric power production___normal=100__Lead production normal= 100—Lumber production . . .normal=100__Pig-iron production. normal=100._Rayon consumption . _ normal=100__Silk consumption normal=100- _Steel-ingot production normal=100. _Wool consumption. .normal=100..Zinc production normal=100..

INDUSTRIAL PRODUCTION (F.R.B.)

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

Automobilest 1923-25=100..Cement 1923-25=100-Food products 1923-25=100-Glass, plate.- 1923-25=100-Iron and steelf 1923-25=100-Leather and shoesf 1923-25=100..Lumber 1923-25=100Paper and printing 1923-25=100—Petroleum refining 1923-25=100—Rubber tires and tubes 1923-25=100—Shipbuilding 1923-25=100..Textiles _ 1923-25=100-Tobacco manufactures 1923-25=100..

Minerals, unadjusted 1923-25=100..Anthracite —1923-25=100Bituminous coal 1923-25=100 .Iron-ore shipments 1923-25=100—Lead 1923-25=100-Petroleum, crude _1923-25=100-Silver _ 1923-25=100-Zinc 1923-25=100-

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

Automobilest 1923-25=100Cement 1923-25=100..Food products 1923-25=100-Glass, plate 1923-25=100-Iron and steelf 1923-25=100-Leather and shoest .1923-25=100-Lumber 1923-25=100—Paper and printing... 1923-25—100..Petroleum refining 1923-25=100..Rubber tires and tubes—1923-25=100..Shipbuilding 1923-25=100-Textiles 1923-25=100..Tobacco manufactures 1923-25= 100—

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

98.2112.9

_92." §"

Iiiri"100.884.782.791.3

129.870.397.0

88."0

P 1 0 4*105

1349287

196113

P 1 0 0

•~~y 161"161100

P 5 7*66157

70P149

10199

1031041197488

192113

P104

"""VlO7"147

*99P 6 6*75

8069

*146103103

82.082.4

103.280.252.184.293.872.052.554.3

106.275.257.9

125.370.5

86°841127173

16566

100

166952794

150978571

10556

13646768684995874

16266

104

1667921

1001389897795355

1334779

82.782.1

115.176.345.990.094.775.964.155.2

109.678.258.3

140.072.1

8383986374

16864

107

167812297

152845150

10257

13762758686945274

16969

109

1688315

1051408462555059

1347380

84.965.5

110.678.140.488.096.274.173.963.8

117.779.572.9

139.770.6

8787695774

16979

116

169915199

139853657

10957

13659758788774476

16781

105

1699235

1041308136585460

1335981

86.145.6

114.280.443.098.695.275.280.868.3

116.491.576.9

125.972.1

9089285981

18183

120

1739764

106143926561

11956

13968799091694778

17983

104

17210264

1061298765586259

1357184

89.177.6

115.284.845.7

108.794.979.277.873.6

112.392.476.9

151.968.7

9796775986

19385

115

1769135

1161481006282

10570

14174789595935283

19388

105

17610448

1131389348756268

1407580

92.0118.1119.887.351.8

103.096.979.376.080.0

112.376.280.9

141.270.8

9798

1245886

19289

104

17899

1051111409550803770

14373829798

1145982

20096

109

1761331191061379248714467

1446882

96.7120.8148.593.755.4

115.897.984.278.684.5

119.978.586.6

133.074.3

9695

1254682

20290

106

17499

138105119966983

701426886

1041041255983

269103124

1731421791111471017178

701466884

92.3103.0135.690.942.3

114.497.670.782.076.3

105.665.869.5

124.076.0

9595

1082992

20183

109

17010792

110141997588

6314281899897

1104792

22586

118

1691161291051481037080

631488084

88.989.8

116.589.242.7

104.997.471.673.867.5

109.459.867.0

117.368.1

9593932982

17487

113

17289

1001081351069998

64140100829491904984

16183

111

17282

1411021481109392

621439377

89.4109.9117.587.452.8

107.696.271.577.668.096.365.870.2

107.274.1

9697

1244286

19494

110

16885

107102132894070

6014599909393

1095887

17883

107

16877

138100140954870

591469085

94.0117.6112.391.063.3

112.498.379.775.380.8

105.370.285.686.281.7

1031051497085

235111

«108

178113116103140946571

691509795

10099

1247190

211100

«110

17896

1201001521056384

701509691

95.7112.6111. 993.166.2

105.4100.0

- 82.682. 885. 7

104 568^691.389.384. 3

1051051428782

231114

*103

179121118100147

a 10069

a 6g120

730 150

8895

1011001 1 0J.107484

212105

a 112

1809594

100145

0 10169768075

«149>9194

• Revised. » Preliminary.f Revised series, refer to the indicated pages of the monthly issues for revisions. The Annalist indexes of business activity have been rev

Revisions not shown above are in the 1936 supplement. Federal Reserve Board indexes, leather and shoe production, January 1919-Octoberautomobile and steel production for 1933, September 1934, p. 22; leather and shoe production, 1935, p. 22, April 1936.

ised for the period 1923-36,.1933, January 1934, p. 19;.

83026—36-

18 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

BUSINESS INDEXES—Continued

MARKETINGSAgricultural products * (quantity)

1923-25=100-Animal products .1923-25=100-

Dairy products - 1923 25=100—Livestock... 1923-25=100-Poultry and eggs 1923-25=100—Wool 1923-25=100-

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

Agricultural products, cash income receivedfrom marketings of:*t

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

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

1924-29=100-Dairy products, adjusted..1924-29=100..Meat animals, adjusted—.1924-29=100-Poultry and eggs, adjusted. 1924-29=100-

STOCKSDomestic stocks 1923-25=-100—

Manufactured 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=100..Metals, nonferrous.- .—1923-25=100-Paper newsprint 1923-25=100—Rubber 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=100..Metals ..1923-25=100-Textile materials. 1923-25=100..

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

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

7494

14266

1143805325646399

69.080.080.5

79.076. 579.085.0

10410712177

11211980

12580

117153102102719484

137

404160285

68

6181

1445298

31540196931

103

52.060.054.5

66.573.059.577.5

11010511783

11310279

15563

1141681271148193

101168

21334814837521127515169

163

70' 86

1455881

5105332885968

53.560.554.5

67.071.561.577.5

11010711790

11410179

15972

11317010711378

10290

155

20535013639217725914763

172

7875

1096563

256806385

10945

64.562.554.5

70.571.073.068.0

11510611489

11310578

15570

11216510312179

12092

157

2093571473S417924613964

174

10676

1007265

14613620085

10773

75.563.555.0

72.574.070.577.5

12710612087114

10779

14863

11416299

14198

13696

186

21237015937019422613667

188

1248289846989

16728012685

103

94.067.058.0

76.573.079.079.0

13610411777114

10879

13655

11415410116011514488

225

21337816935517622813364

188

98777269

10683

119202666671

78.066.557.0

76.575.075.090.0

13610111863

11510981

12447

11516110316111114188

235

21539916932816626912972

176

78767468

1064079

119654959

70. 566.055.5

76.579.576.580.0

13310312166

11710979

12239

11517010515410712786

233

21341917032216324812866

186

6874857470486172584674

66.068.056.0

80.584.084.069.0

12710412470

11411083

11964

11516610414498

11287

225

21239416531918425612464

172

5761855759355357653485

55.065.556.5

75.585.075.062.5

12210513265

11212281

11561

11316710413488

10386

213

20740015431919726312375

152

67779565

108375641725198

59.567.058.0

76.582.075.078.0

11510413362

10911580

11970

115156100123819784

194

20641316130618626413377

137

65809864

120465035794384

57.569.560.0

79.582.582. 573.5

10910212862

10811082

12165

115152100115769372

177

203«403

16130018626813964

134

6884

11460

128164

a 513182

° 4 894

°62.0a 72.5°70.0

74.576.073.079.0

«106102

°12566

10711681

12261

11615010210873

«95°73156

P 2 0 0387170

«28117325613877

124

COMMODITY PRICES

COST OF LIVING (N.I.C.B.)Total, all groups 1923=100..

Clothing 1923=100-F o o d . — . . . — .1923=100-Fuel and light.. 1923=100-Housing... 1923=100-Sundries—- —. .—1923=100-

FARM PRICES (Dept. of Agri.) §tTotal, all groups _ 1909-14=100-

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

RETAIL PRICESDepartment of Labor indexes:

Coal* —1913=100..Foodi - . ...1923-25=100-

Fairchild's index:*Combined i n d e x — 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..

86.073.389.084.577.693.6

10710396

10611587

12099

120

~""83.~8~

87.9

92.687.490.289.284.9

82.774.584.283.769.992.7

10410810399

1001021199686

14781.5

85.7

93.587.287.987.884.3

82.674.483.383.770.593.1

102107102979896

1169385

15080.2

85.2

93.287.188.187.784.6

83.074.283.784.071.593.1

10611197988796

12992

102

15379.6

85.7

93.487.188.487.884.8

83.574.384.884.772.193.1

10712690

1028297

13110196

80.1

86.6

93.487.288.888.584.9

83.974.485.286.272.793.4

10913294

10482

101125120103

16280.5

87.6

92.687.289.189.084.8

84.374.586.186.673.093.4

10814099

1118390

117136103

81.5

88.0

92.787.289.489.184.9

84.874.687.286.773.493.4

11013598

1189289

120136108

82.0

88.2

92.787.389.489.284.7

84.874.586.986.773.993.4

10911795

1208992

122118112

15881.7

88.3

92.787.389.589.284.7

84.474.185.787.1

• 74.193.5

10912194

•1239292

12511794

80.6

88.3

92.787.389.589.384.6

84.174.084.387.174.793.7

1049993

1189492

1227791

79.5

88.1

92.987.389.589.284.5

84.373.884.386.675.993.7

1059796

1148989

12510794

16479.7

88.1

92.887.489.889.284.5

84.673.685.084.677.193.6

10310196

10610388

11810597

79.9

88.1

92.887.589.989.384.6

• Revised, p Preliminary.• New Series. See pp. 16-19 of the May 1934 issue, cash income for marketings of agricultural products, p. 19 of the December 1932 issue, Fairchild's price index, and

pp. 10 and 20 of the March 1933 issue, quantity marketings.§ Data for July 15, 1936: Total 115 chickens and eggs 106, cotton and cottonseed 105, dairy products 116, fruits 117, grains 109, meat animals 119, truck crops 115,

miscellaneous 131.t Index of farm prices has been completely revised. For earlier data see p. 20 of the November 1934 issue. World stocks—revised total, rubber adjusted and sugar

adjusted indexes for January 1927-June 1932, appeared on p. 20 of the September 1932 issue. Cash income for marketings of agricultural products revised from January 1933-June 1935. For revisions see p. 19 of the September 1935 issue. World stocks—total revised for period 1920-1935, see p. 20 of the May 1936 issue.

• Monthly retail prices of coal were discontinued with the month of August 1935. Subsequent to that date the price will be shown quarterly.J This series has been completely revised. Revised indexes for months not shown in the December 1935 issue will appear in subsequent issue. Index computed every

2 weeks; monthly index is figure taken nearest the middle of the month; prior to Aug. 15,1933, index computed once a month.A See footnote on p. 24 marked, "<?".

August 1936 SURVEY OF CURRENT BUSINESS 19

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

1936

June

1935

June July August Septem-ber October Novem»

berDecem-

ber

1936

January Febru-ary March April May

COMMODITY PRICES—Continued

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-Dairy products— ...1926=100—Fruits and vegetables 1926=100-Meats <. 1926=100..

Other products. 1926=100-Building materials 1926=100 _

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

Chemicals and drugs. 1926=100—Chemicals.. . . . — 1 9 2 6 = 1 0 0 -Drugs and Pharmaceuticals

1926=100-Fertilizer materials 1926=100-

Fuel and lighting 1926=100..Electricity 1926=100-Gas ...1926=100..Petroleum products 1926=100..

Hides and leather ..1926=100..Boots and shoes..........1926=* 100..Hides and skins.. 1926=100—Leather ...1926=100-

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

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

1926=100..Textile products 1926=100..

Clothing..__ 1926«100-Cotton goods . _ 1926=100Knit goods . . . . . . . . . .1926=100-Silk and rayon. . 1926=100..Woolens and worsted 1926=100..

Miscellaneous —1926=100Auto 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:* c?Combined index ..1923-25=100-

Coffee— 1923-25=100..Cotton ..-1923-25=100..Rubber „ 1923-25=100 _Silk 1923-25=100..Sugar 1923-25=100..Tea 1923-25=100..Tin 1923-25=100..Wheat 1923-25=100..

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

PURCHASING POWER OF THEDOLLAR•

Wholesale prices 1923-25=100—Retail food prices 1 . . . . 1923-25=100—Farmpricesf - 1923-25=100..Oost of living 1923-25=100—

79.2

80.777.673.978.173.083.279.977.682.085.178.885.889.295.582.178.084.3

73.264.076.1

~"~~57.~7~93.899.789.083.281.477.585.286.286.370.0

73.869.780.975.460.329.382.669.747.580.6

76.394.5

51.443.544.137.122.371.164.184.054.6

127.1119.3137.4118.3

79.8

82.276.473,978.376.984.882.874.668.794.578.085.389.294.981.680.786.3

74,365.774.290.295.253.288.997.378.080.580.577.183.986.987.169.1

66.270.180.782.559.527.275.668.445.079.7

76.290.7

47.641.043.829.319.260.361.0

101.650.2

126.2122.7141.4123.2

79.4

82.075.872.877.178.382.882.174.065.193.378.085.289.194.981.778.784.6

74.065.774.787.894.052.989.397.879.880.280.476.884.086.487.066.1

68.870.280.782.059.927.976.467.745.079.7

76.890.9

47.940.544.928.320.258.665.1

104.051.2

126.8124.7144.1123.3

80.5

83.077.173.279.379.391.684.975.760.5

102.077.985.489.094.982.078.684.3

73.866.874.186.791.852.489.698.380.480.280.577.084.086.687.166.9

71.170.980.582.560.231.076.467.345.079.7

77.590.6

48.240.042.328.023.859.666.3

100.354.7

125.1125.6138.7122.7

80.7

83.177.374.479.583.592.086.176.060.0

102.977.885.988.894.982.180.286.9

73.867.273.087.591.950.690.998.383.883.080.576.984.086.686.868.6

71.171.880.883.261.632.976.967.145.079.7

78.894.1

49.642.539.726.926.164.877.197.658.0

124.8124.8137.4122.0

80.5

82.777.176.378.286.486.685.076.959.197.178.386.188.395.582.081.188.3

74.267.273.486.389.050.193.698.892.986.680.676.984.286.586.970.9

71.172.980.884.563.235.179.167.545.079.7

79.694.7

52.243.541.229.729.167.877.0

101.962.7

125.1124.2135.0121.4

80.6

82.777.276.277.577.983.185.181.163.294.378.885.888.395.581.881.288.4

74.767.574.586.286.652.595.099.696.088.181.077.184.786.987.071.3

71.173.480.785.863.235.080.767.445.079.4

80.594.2

50.342.044.130.729.262.867.9

103.254.9

125.0122.7136.1120.8

80.9

83.177.775.278.376.687.485.783.763.797.578.785.588.995.581.580.687.7

74.764.574.684.984.552.895.4

100.196.587.681.077.184.786.886.970.6

71.173.281.086.062.233.781.067.545.079.2

80.294.4

49.542.044.530.827.455.666.099.059.2

124.5122.0133.7120.0

80.6

82.478.174.878.278.989.183.581262.294.978.885.788.495.582.280.587.6

70.464.475.183.183.254.497.1

100.5100.587.381.477.984.886.787.169.7

71.771.780.880.461.833.581.467.845.079.8

77.694.9

51.245.043.833.627.259.167.894.063.1

125.0122.4135.0120.0

80.6

82.279.174.679.578.390.383.285.762.492.179.085.588.495.582.380.187.0

73.264.576.186.282.155.796.1

100.596.786.081.577.985.086.786.969.7

73.871.080.778.162.031.682.868.145.079.9

76.895.2

50.547.042.636.324.961.169.595.358.1

125.0124.1135.0120.6

79.6

81.377.474.476.575.688.380.180.365.189.778.985.388.995.582.679.385.9

73.064.876.284.484.456.094.9

100. 491.085.081.477.984.986.686.369.9

73.870.880.777.162.130.983.868.345.080.3

76.392.1

51.344.541.937.224.265.870.195.558.7

126.5125.8141.4121.1

79.7

81.677 074.576 973.988.380.278.867.891 078.985 789.095.583.278.585.5

73.264.676.482.884.857.994.6

100.390.184.581.578.085.086.686.370.4

73.870.280.876.262. 030.182.268 645.080.5

76.092.0

52.143.043.037.423.571.070.993.456.6

126.4125.5140.1120.8

78.6

80.575 874.175.270.682.578.075.072.385 178.885.888.895.583. 077.784.1

73.264.776.084.287.358.294.0

100. 287.384.481.577.985.086.386.370.7

73.869.881.175 560.629.182.269*. 247.580.5

75.491.3

51.342.543.036.622.470.368.092.155.2

128.1125.2142.7120.3

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION CONTRACTSAWARDED

Contracts awarded, F. R. B.:%Total, unadjusted 1923-25=i00._

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

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

Total, all types:Projects . . . . .— number..Valuation . thous. of dol..

Nonresidential buildings:tProjects. number..Floor space thous. of sq. ft—Valuation thous. of dol.-,

56404836

13,352233,055

3,41115,91679,079

35263024

10,450148,005

3,0599,075

59,036

39253525

10,929159,258

3,3258,288

56,969

40243824

10,655168,557

3,3079,632

58,489

44254325

9,978167,376

2,7788,602

49,420

45254825

11,385200,596

3,31810,81359,180

53256026

9,256188,115

2,75311,68068,080

53226726

8,249264,137

2,79620,680

124,506

50216125

7,724204,793

2,76116,04790,480

44225225

6,442142,050

2,35511,38462,611

47284726

10, 514198,978

3,10615,09881,460

53354730

13,338234,632

3,79217,34394, 068

56

46<*32

13, 242216,071

3,43615, 62982,252

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

Power of the Dollar (except for farm prices), p. 18, August 1933.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.

Farm prices (purchasing power) are on p. 20 of the April 1935 issue.A A continuation of the statistics shown on pp. 30 and 32, of the 1932 annual supplement, by classes, for the years 1932 and 1933 was published on p. 19 of the August

1934 issue and for 1934 on p. 19 of the October 1935 issue. Series also revised for 1935. See p. 19 of the May 1936 issue.X Indexes are based on 3-month moving average of F. W. Dodge data centered at second month.\ See footnote on p. 23 marked "\'\<? Index revised to exclude copper prices, since data on copper stocks have not been available subsequent to October 1931. Both stock and price series now cover 8

commodities as listed. For revised data for period 1920-35 see p. 19 of the May 1936 issue.

20 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

CONSTRUCTION AND REAL ESTATE—Continued

CONSTBUCTION CONTEACTSAW A R D E D - Continued

F. W. Dodge Corporation (37 States)—Con.Public utilities:*

Projects number -Valuation.- thous. of dol—

Public works:#Projects . . number -Valuation.. thous. of dol—

Residential buildings:Projects number -Floor space thous. of sq. ft—Valuation thous. of dol—

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

thous. of dol—HIGHWAY CONSTRUCTION

Concrete-pavement contract awards:Total thous. ofsq.yd—

Roads only thous. of sq. yd—Highways:

Approved for construction (N. I.E. A.):*Mileage _ number of miles..Public works funds alloted.thous. of dol..

Under construction (N. I. R. A.)i*Estimated total cost thous. of dol-

Public works funds allottedthous. of dol-

Federal aid funds allotted.thous. of dolMileage — number of miles..

CONSTRUCTION COSTSBuilding costs—all types (American Ap*

praisalCo.)* - -1913=100-Building costs—all types (A. O. C)

1913=100-Building costs—all types (E. N. R.)$

1913 =• 100.Building costs—factory (Aberthaw)

MISCELLANEOUS DATAFire losses, United States thous. of doL,Foreclosures** number-Real estate:

Home loan bank, loans outstanding**thous. of dol.

Home Owners' Loan Corp:*Applications received number-Loans closed:

NumberAmount.- thous. of dol..

Loans outstanding* thous. of dol-

1679,264

1,33071,107

8,44420,62473,605

183,917

4,1882,942

1694,631

42,500

38,975195

1,152

162

178

204.6

20,407

118,587

1389,146

1,08729,991

6,16613,702

1 1 0 , 1 6 1

2 , 1 2 91,508

1,42726,004

185,044

168,8163,8158,530

157

177

194.8

1 7 7

18,50017,249

79,233

140,795

13,14240,558

2,660,677

19813,810

1,05040,083

6,35613,115

86,873

3,3032,381

87620,048

170,846

155,7393,2617,881

157

175

195.2

19,29415,835

80,877

13,41341,570

2,702,247

1824,422

1,35865,118

5,80811,75340,528

158,057

3,0522,395

14,221

149,047

136,3992,334

157

175

195.1

18,13714,964

86,025

14,62344, 775

2,747,022

17612,493

1,422

5,60212,00241,811

114,840

3,766

40211,984

126,211

114,8672,0205,031

157

174

195.1

177

16,64214,470

90,432

12,89241,181

2,788,203

22311,198

1,61475,117

6,23016,76455,100

182,631

6,8165,888

29510,100

102,246

92,8851,3283,706

157

173

195.1

19,78614,398

95,595

16,25949,883

2,838,086

20710,694

1,54069,645

4,75612,253

154,973

4,4963,327

2908,740

88,776

80,8101,1892,968

157

173

194.9

20,87212,886

97,089

15,63447,927

2,886,013

18,104

1,32876,387

3,85611,89945,140

235,506

3,591

2418,092

74,700

9822,371

158

173

194.9

177

27,96913,221

102,795

19,00258,541

2,940,029

22117,926

1,04858,948

10,30637,440

288,547

2,2501,217

2677,279

65,390

60,877667

1,988

158

178

199.5

27,73012,560

102,800

14,19244,409

2,984,438

13611,939

70236,325

3,2499,11531,176

164,499

2,0681,396

7,607

61,015

56,653601

1,734

158

178

201.2

30,91011,794

102,942

9,39229,984

3,014,423

20518,106

1,12344,191

6,08015,60455,221

147,697

2,6621,579

2917,623

55,085569

1,679

159

178

201.2

178

29,17713,245

103,358

8,38625,715

3,040,137

22123,753

1,09249,660

8,23319,73667,151

195,458

3,8352,767

2967,382

56,484

52,005467

1,527

159

178

202.2

25,78713,126

105,972

6,30519,891

3,060,029

17612,773

1,10250,792

8,52820,54770,253

141,257

5,2353,621

252

5,975

50,197

45,693248

1,339

161

178

203.4

21,479

110,922

6,07321,865

3,083,312

DOMESTIC TRADEADVERTISING

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

Combined index 1928-32=100..Farm papers.. 1928-32=* 100..Magazines 1928-32=100..Newspapers 1928-32=100..Outdoor - 1928-32=100..Radio 1928-32=100..

Radio broadcasting:^Cost of facilities, total thous. of dol_.

Automotive thous. of doL.Drugs and toilet goods thous. of dol..Foods . . . thous. of dol_.Petroleum products thous. of dol—Tobacco manufactures thous. of dol—All other* thous. of dol..

Magazine advertising:!Cost, total thous. of dol—

Automotive thous. of dol.Drugs and toilet goods.—.thous. of dol.Foods . . . thous. of dol.Petroleum products thous. of dol.Tobacco manufactures thous. of dol.All other* thous. of dol.

Lineage, totalf-- thous. of lines

91.073.588.288.973.5

203.3

3,830394

1,0581,056

292383647

12,2681,8112,1371,657

366586

5,7102,637

78.763.978.876.163.2

182.1

3,448275

1,196912262284518

11,0041,5552,0171,556

344595

4,9382,335

79.458.878.477.263.4

188.2

3,119215

1,097897311188413

7,7981,0051,6161,380

292563

2,9411,831

79.865.577.178.658.9

182.5

2,900186967876302183386

7,0741,0231,4641,100

284484

2,7191,497

76.669.874.475.552.4

184.5

3,250244

1,096911313184503

8,852832

1,4541,296

220525

4,5231,812

79.061.575.177.959.5

185.2

4,710721

1,2831,154

384367802

10,248686

1,9571,690

192526

5,1972,181

83.262.681.082.958.0

177.5

4,377400

1,2961,072

382368861

11,7471,6842,2031,986

263559

5,0522,201

84.174.482.484.747.0

195.0

4,780487

1,4061,171

398384934

9,360979

1,6091,630

110565

4,4672,334

80.267.182.279.150.0

187.0

4,741432

1,4691,197

402359882

7,4351,1571,2411,230

148580

3,0791,696

78.066.082.575.552.3

189.7

4,621466

1,4281,111

390331895

11,1661,6552,3231,837

191494

4,6652,128

84.866.686.881.571.1

192.8

5,210539

1,5551,260

417370

1,069

13,4312,0442,4772,195

214568

5,9322,511

87.772.889.285.070.6

185.2

4,693453

1,4041,182

344395913

14,5162,1462,5061,784

459591

7,0312,860

88.576.587.686.570.2

«184.4

450«1,227

1,106

14,9292,3322,3591,742

468610

7,4192,852

• 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, see November 1934 issue for beginning of series. For Home Loan Bank loans outstanding for period December 1932-January 1936 see p . 19 of the April 1936 issue.Home Owners' Loan Corporation data from September 1933 to April 1934 will be shown in a subsequent issue. Total loans closed to June 12,1936, $3,092,870,784. Printers'Ink indexes from January 1922 to May 1934 appear on p. 19 of July 1935 issue. Data prior to May 1934 on "all other" radio and magazine advertising not published.See special note below on foreclosures. Data on H. O. L. C. loans outstanding for period September 1933-January 1936 are shown on p. 19 of the April 1936 issue.

t Revised series. See p. 20 of the October 1933 issue, magazine lineage. For revised data on magazine advertising cost for the years 1933 and 1934, see p . 19 of the Feb-ruary 1936 issue.

§ Index as of July 1,1936, 202.6.• Compiled by the Federal Home Loan Bank Board and represent the number of foreclosures on all types of properties in 1,013 identical communities in 48 States;

having 53 percent of the population of the United States. Data prior to October 1933 not published. Comparable annual totals for 1926, 65,857; 1932, 210,821; and 1933209,003. Data were not compiled for other years. Months subsequent to September 1934 were computed by means of a link relative to keep series comparable since thefigures for these months are from a slightly diflerent number of communities.

# These series represent a break-down of the combined total shown in the Survey previous to September 1933. For earlier data seo p . 20 of the September 1933 issue.1 Months of August and October 1935; January and April 1936 include 5 weeks; other months include 4 weeks.I For the period October 1933-February 1935, inter-bank loans that were formerly included have been removed.

A Data for 1935 revised. See p. 25 of the May 1936 issue.

August 1936 SURVEY OF CURRENT BUSINESS 21

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

DOMESTIC TBADE—Continued

ADVERTISING—Continued

Newspaper advertising:Lineage, total (52 cities) • . . thous. of lines._

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

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

GOODS IN WAREHOUSES

Space occupied, public merchandise in ware-houses. » percent of total..

NEW INCORPORATIONS

Business incorporations (4 States)-.number..

POSTAL BUSINESS

Air mail, pound-mile performance*thous. of 1b.

Money orders:Domestic, issued (50 cities):

Number. thousands..Value thous. of dol—

Domestic, paid (50 cities):Number thousands..Value — thous. of dol.

Foreign, issued—value thous. of dol.Receipts, postal :f

60 selected cities thous. of dol..50 industrial cities... thous. of dol—

RETAIL TRADE

Automobiles:*

Unadjusted 1929-31=100Adjusted 1929-31=100..

Chain-store sales:Chain Store Age index:*t<?

Combined index tav. same month 1929-31=100—

Apparel index tav. same month 1929-31=100-.

Grocerytav. same month 1929-31=100—

Five-and-ten (variety) stores:*Unadjusted -1929-31=100..Adjusted 1929-31=100..

H. L. Green Co., Inc.:*Sales ._ thous. of dol—Stores operated number . .

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

S. H. Kress <fc Co.:Sales _thous. of dol—Stores operated number „

McCrory Stores Corp.: •Sales — thous. of dol—Stores operated — number. .

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

F. W. Woolworth Co.:Sales. . . thous. of dol—Stores operated— number . .

Restaurant chains (3 companies):Sales. thous. of dol—Stores operated n u m b e r -

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

Sales thous. of dol—Stores operated number . .

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

Department stores:Collections:*

Installment accountpercent of accounts receivable-

Open accountpercent of accounts receivable..

117,02924,84392,1867,6451,988

20,80261,751

2,285

4,09140,994

13,153102,447

28,2883,214

139.2109.0

108

118

95

98.1103.3

2,625130

12,182725

7,027

3,443197

3,183191

3,363350

8,371473

21,4751,484

102,21020,06182,1498,4261,642

18,04254,038

62.3

2,179

677,232

3,55233,807

12,02387r4412,238

24,6792,829

104.978.5

99

90

86.190.7

2,229131

11,048736

5,700

2,989205

2,584188

•21,1141,965

3,195358

7,654467

17,9351,478

16.1

44.2

87,36318,29969,0646,4151,926

16,86243,861

63.0

2,142

728,600

3,51234,607

11,35889,5252,052

23,1232,866

89.181.0

96

101

91

82.092.1

2,049137

10,004735

5,884232

2,651205

2,354188

20,1691,968

3,118

6,276467

15,9191,478

15.4

43.2

89,99719,26670,7315,2811,280

14,45949,712

63.1

2,057

761,385

3,42833,812

11,07188,9972,479

24,1622,901

80.275.0

98

101

92

79.3

2,157132

10,758737

5,946233

2,822202

2,513188

21,5561,972

6,732468

17,8851,479

16.3

41.1

101,34720,15581,1922,9101,454

16,62960,200

62.5

732,875

3,35933,417

10,91588,7032,416

25,0352,815

50.179.0

107

94

87.791.8

2,088

10,148737

6,138

2,626202

2,351188

20,2431,974

3,369355

6,726470

18,8061,480

16.2

40.6

117,42720,65896,7695,714

20,77568,297

61.9

2,272

807,460

3,80937,327

13,631108,905

2,038

29,3543,292

53.382.0

100

110

93

93.492.0

2,476134

11,925741

234

3,183201

2,865189

1,978

3,565353

8,365470

24,0231,481

17.4

45.5

117,70419,75397,9527,6772,096

20,98067,198

62.3

2,053

717,264

3,74035,890

12,56199,4032,733

27,5802,976

96.6113.5

100

108

92

95.193.7

2,684134

12,269744

6,858235

3,262203

2,970

23,4071,978

351

8,581471

24,9921,483

17.4

46.8

118,68420,17198,5134,0581,835

16,26976,351

62.2

858,100

4,34639,631

14,341107,701

5,281

35,9854,248

90.6106.5

103

114

178.496.7

4,941133

21,551745

13,789234

6,268203

5,005

29,5901,980

3,662352

14,818471

31,3321,481

16.7

44.0

94,81018,49976,3113,7872,536

17,68652,301

62.4

2,655

761,833

3,95237,528

12,44992,8822,294

27,4343,257

69.3102.0

97

100

93

67.790.8

1,753132

8,597743

5,204234

2,324201

2,003189

16,9831,977

3,384353

5,175471

13,9641,481

16.7

46.9

91,33417,54673,7883,6321,942

19,46448,751

60.7

2,218

745,845

3,95336,611

11,52385,8552,254

26,1033,060

65.589.5

99

105

73.587.9

130

9,571740

5,459234

2,691200

2,311190

19,0161,979

3,229350

5,754472

13,6921,481

17.1

44.4

116,44321,99194,4525,4532,773

22,89963,327

61.8

2,506

902, 749

4,12338,676

13,29199,739°3,055

3,318

117.8101.0

101

119

94

80.393.3

2,043130

10,043739

6,314

2,893200

2,320190

19,6771,980

3,509350

6,475472

16, 2821,481

17.6

43.9

121,88722,54899,3397,8132,488

21,81267,227

62.1

2,297

3,95037,884

13,12299, 5102,450

28,9443,320

«142.3« 93. 5

102

115

94

95.795.2

2,522131

12,011737

6,873235

3,284200

3,001190

23,0721,983

3,495

7,649472

19,7591,483

18.4

45.1

127,18224,172

103,010

1,823,498

61.1

2,273

3,83436,405

12,73596,032

27,8743,124

«138.1°93.0

103

117

«94

96.896.8

2,514130

11,925726

6,552235

3,057199

190

22, 6221,986

3,442

8,328472

20, 6401,483

16.9

45.8« Revised.* New series. For description of Chain Store Age indexes see p. 19 of the December 1932 issue. Data of H. L. Green Co., Inc., prior to July 1933 will be shown in a

subsequent issue. For earlier data on automobiles see p. 19 of the April 1934 issue and variety-store sales, p. 18 of the March 1934 issue. Data prior to October 1933 oncollections not published. Data are currently being received from about 400 stores on open accounts and about 250 on installment accounts. Series on air mail not availablep i to M 1934 S r i s b i f i h t i d blihd i th S f the id Fb 1926 t D b 1933

f

c e c p s e . ata are currently being received from about 400 stores on open accounts and about 250 on installment acprior to May 1934. Series on basis of weight carried was published in the Survey for the period February 1926 to December 1933.

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

Combined

1 Monthly data from January 1932 through June 1935 are on page 20 of the July 1935 issue.• The New York Evening Post series on newspaper advertisi: " "„ F-r- advertising in 22 cities is available for the period 1916 through January 1934. See the 1932 annual supplement and

monthly issues prior to December 1934.A Data for 1935 revised. See p. 26 of the May 1936 issue.$ Chain Store Age combined index for the period 1932-35 included 18 companies. Beginning 1936 it was increased to 20 caused by the addition of 1 apparel and 1 shoe

company.

22 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

DOMESTIC TRADE—Continued

RETAIL TBADE-Cont inued

Department stores—Continued.Sales, total value, unadjusted-*

1923-25=100..Atlanta* .—1923-25=100-Boston , .1923-25=100..Chicago*!-—- 1923-25=100-Cleveland* 1923-25«100_.Dallas*,- 1923-25 «= 100-Kansas City 1925=100..Minneapolis* . 1929=100-New York* 1925-27=100-Philadelphia* —1923-25=100-Richmond— 1923-25=100-St. Louis 1923-25=100-San Francisco* -1923-25=100-

Sales, total value, adjusted*. 1923-25=100-Atlanta* - — 1923-25=100-Chicago*t-— 1923-25=100-Cleveland* .1923-25=100-Dallas*.. .1923-25=100-Minneapolis* - 1929=100-New York* 1925-27=100-Philadelphia*-. 1923-25=100-San Francisco* 1923-25=100-

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

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

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

Montgomery Ward & Co. thous. of doLSears, Roebuck & Co..-thous. of dol.

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

84927690849277858071

105718389

1039286

10088837494

64

76,68930,33046,359

106.2112.4

6.7

6163

58,95323,82235,131

94.299.7

9078728471726283

9.2

5761

49,88820,29329,594

74.797.0

61775268616470705849785980789885738880766582

14.5

52,40222,84929,553

79.892.8

65987187819779759277817284

10.7

6764

59,47425,17334,301

103.7104.8

8698828679929094877411780887782787580797765

10.2

72

79,94535,89744,048

127.6104.6

9110378898397848593801148192819081798486796691

8.8

7567

71,77730,91040,867

127.6103.7

1451581241371331551331231461221851201528493818195

6.2

6165

90,81339,47551,338

155.9109.8

63716364586960656347735670799080778273815784

10.1

58

46,18118,50827,672

79.996.3

87869177776285

11.0

6265

45,43517,85527,580

84.293.0

87807971669573788810390789184837385

9.7

6765

24,84536,081

99.2106.7

10074898990

787010378878196847992828070

8.5

65

69,41330,40339,011

105.5109.9

10374899395

°8287807411076

102

8791

76«88

8.9

67

75,21930,29544,923

106.5113.3

EMPLOYMENT CONDITIONS AND WAGES

E M P L O Y M E N T

Factory,unadj. (B, L. £.)*§ 1923-25=100-Durable goods group*§ .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-

Lumber and products 1923-24=100—Furniture 1923-25=100-Millwork _ 1923-25=100-Sawmills . 1923-25=100Turpentine and rosin 1923-25=100—

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

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

Metals, nonferrous§ 1923-25=100-A "IiTm 1 Tin TY TVl Q Till fQ A f l i f nn RAluminum inaiiuiaCiuress

1923-25=100-Brass, bronze, copper products

1923-25=100-Stamped and enameled ware§

1923-25=100-Railroad repair shops. 1923-25=100-

Electric railroad 1923-25=100-Steam railroad 1923-25=100—

Stone, clay, and glass products1923-25=100-

Brick, tile, and terracotta. 1923-25=100-Cement 1923-25=100-Glass 1923-25=100-

Transportation equipment_1923-25=100—Automobiles— 1923-25=100-Cars, electric and steam.. 1923-25=100—Shipbuilding 1923-25=100-

Nondurable goods group* § 1923-25=100—Chemicals and products—1923-25=100—

Chemicals 1923-25=100-Druggists' prep 1923-25=100—Paints and varnishes 1923-25=100—

86.079.982.4

83.2

72.6102.757.574.451.738.599.0

100.3132.679.1

87.0242.589.7

87.5

87.9

112.360.665.460.2

60.742.358.997.3

104.5114.364.695.892.6

108.3111. 796.5

115.3

79.769.771.8

72.4

56.096.048.967.141.930 998.984.2

110.669.6

72.8165.581.8

76.2

78.9

102.553.865.652.9

55.732.160.195.293.7

107.248.266.290.6

107.2108.195.8

112.5

79.769.471.3

71.7

56.9100.051.969.144.833.898.985.6

116.769.6

73.4185.080.2

74.6

77,4

100.453.565.252.6

54.732.957.592.787.2

100.631.771.390,8

106.8109.095.1

108,6

82.070.573.2

73.7

57.9104.055.373.447.536 699! 187.3

117.870.4

74.0213.882.0

75.5

78.2

101.952.865.351.9

55.933.853.895.783.595.132.272.494.3

107.9107.797 3

105.5

83.771.274.7

74.4

58.6105.457.076.350.137 4

KM)! 591.1

118.573.3

76.0254.986.9

79.1

31.8

106.252.664.651.7

55.834.051.995.875.884.033.576.197.1

110.7108.099 5

106.7

85.374.976.4

75.6

59.0100.557.577.949.537 6

100*. 393.1

116.675.3

76.8279.191.9

82.7

86.8

112.755.164.554.4

56.735.352.997.592.3

105.040.079.896.4

113.1108.9101 6109.2

85.076.176.8

76.2

58.695.356.077.048.736.0

100.793.8

123.875.4

77.6271.693.1

83.0

89.0

116.255.765.155.0

56.434.649.698.4

101.0115.545.982.394.6

112.4109.5100 3109.3

84.675.776.6

77.0

56.692.954.574.846.935.199.793.1

128.974.0

79.0230.092.3

82.1

88.5

117.055.864.855.1

55.233.945.097.8

103.3118.250.182.994.2

111.1108.898.8

107.9

82.974.475.8

77.1

57.491.652.971.745.534.498.092.5

133.972.1

79.1213.189.4

81.2

87.6

110.555.965.055.2

50.831.038.0-92.0

101.8116.348.583.992.1

109.7107.497.6

107. 1

83.174.476.0

76.6

57.791.453.172.645.734.398.192.6

136.371.4

80.0196.089.3

82.0

87.2

109.258.265.557.6

51.030.038,093.899.1

112.050.682.092.5

108.9107.197.7

107.2

84.175.777.1

77.4

60.993.954.572.447.036.197.193.6

138.772.3

81.5186.188.9

85,2

86.9

109.160.165.859.7

54.132.544.394.9

100.3111.156.890.793.2

112.1108.199.0

108.1

85.177.679.1

79.7

64.595.855.672.148.537.599.096.2

140.475.3

83.8188.688.7

84.3

86.8

112.859.966.059.4

57.736.752.397.1

104.3114.162.299.893.1

110.7109.098.4

111.9

»85.7"79.2•81.1

• 82.1

•69.198.6

8 56.773.049.8

°38 497.8

8 99.1138.377.1

86.10 215.489.0

84.6

87.7

110.860.165.959.7

59.839.958.497.3

0 105.50 115.6

62.2°98.7«92.7

a 110.0110.396 8

"114.5* Revised.* New series. For earlier data on department store sales by Federal Reserve districts, see p. 20 of the February 1935 issue excepting Chicago, for which see note below.

Note that the combined index of department-store sales is computed by the Federal Reserve Board and the district indexes are computed by the Federal Reserve banks.For districts not marked with an asterisk the series are as published in the 1932 Annual Supplement and subsequent issues. See p. 20 of the December 1934 issue for ruralsales for period January 1929 to October 1934. For earlier data on factory employment unadjusted in detail, see p. 16 of the June 1934 issue. See p. 19 of the July 1934 issuefor factory employment unadjusted total. Data on employment in the durable and nondurable goods groups for the period January 1923-June 1935 were shown on p. 19 ofthe August 1935 issue.

t Revised series. See p. 19 of the April 1935 issue, department-store sales, Chicago.A This series was shown on p. 20 of the June 1935 issue from 1919 through April 1935.* The adjusted index of department-store sales (total value) was revised by the Federal Reserve Board for the years 1929 through 1934. Revised indexes for this period

were shown on p. 20 of the June 1935 issue.§ Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue appeared on p. 16 of the January 1936 issue.

August 1936 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

1936 1935

June I June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT—Continued

Factory unadjusted—Continued.Nondurable goods group—Continued.

Chemicals and products—Continued.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 pack-

ing . . 1923-25-100—Leather and products 1923-25=100—

Boots and shoes 1923-25=100-Leather.. — 1 9 2 3 - 2 5 = 1 0 0 -

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

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

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

Tobacco manufactures 1923-25=100—Factory adjusted (F. R. B.)* §.1923-25=100-

Ohemicals 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—B a k i n g — . 1923-25=100-Slaughtering, meat packing

1923-25=100-Iron and steel and products—1923-25—100-

TVla t ftimarGi and titefil worlc^• D l a d t itilJLXcifV'Oo £tJJ.vA o b C u l VVU*Jv3

1923-25=100-Structural and metal work.l923-25=*100._Tin cans, e t c . . . — - 1923-25=100..

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

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

Machinery 1923-25=100-Agricultural implements-.1923-25=100..Electrical machinery, e tc . .1923-25=100—Foundry and machine-shop products

1923-25=100-Radios and phonographs 1923-25=100—Metals, nonferrous§ 1923-25=100..

Brass, bronze, copper prod. 1923-25=100..Stunned And finairiAlAd

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

Paper and pulp 1923-25=100—Railroad repair s h o p s — . 1923-25=100..

Electric railroads .1923-25=100..Steam railroads 1923-25=100..

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

Stone, clay, and glass products1923-25=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, by cities and States:Cities:

Baltimore* 1929-31=100..Chicago*.. . . 1925-27=100-Cleveland* 1923-25= 100..Detroit 1923-25=100..Milwaukee* . . .1925-27=100..New York. . . . 1925-27=100..Philadelphia! 1923-25=100Pittsburgh*! 1923-25=100.1

States:Delaware! 1923-25=100..Illinois 1925-27=100..Iowa _1923=100_.Massachusetts*!. 1925-27=100

110.6341.9100.4115.9184.9

84.282.479.793.598.3

110.383.972.693.290.695.256.986.3

111.8113.9101.0111.1109.6341.9102.4114.6

84.682.2

83.472.299.285.983.495.857.377.251.137,5

100.7133.579.1

86.1267,790.888.4

112,299.2

110. 360.165.459.781.968.2

58.339.455.394.194.591.896.757.299.0

108.259.494.7

88.272.696.2

103.599.272.292.178.1

94.681.6

132.173.4

110.6325.998.9

114.2170.0

81.483.080.692.895 6

109.180.972.990.489.488.657.880.1

111.3110.2100.3108.4109.6325.9101 0113.0

81.871.7

72.655.792.886.484 495! 148.869.641.430.184.4

111.469.6

72.0182.782.879.4

102.496.4

109.153.465.652.478.868.4

53.529.956.492.191.790.690.058.188.7

101.544.465.4

80.867.080.993.792.469.887.867.6

90.373.4

117.2fl 70.6

111.2327.9105.7111.5178.5

80.487.385.893.595 5

108.978.370.387.887.584.457.680.6

110.7111.7100.4108.8108.8327.9101. a109.9

80.972.4

72.755.796.286.984.595! 852.072.444.433.286.1

123.269.6

73.4192.782.278.2

101.696.5

108.953.265.251.977.467.2

54.430.453.496.692.291.290.358.284.897.729.673.0

79.464.886.566.692.667.987.967.2

89.872.4

118.2«71,0

112.2340.3111.8111.7179.0

79 49O.'l89.194.495 9

108.' 879.169.792.989.996.057.981.8

111.4111. 699.3

108.4110.1340.3100 3111! 4

81.073.4

74.356.597.087.084 995! 854.673.346.835 687! 1

124.470.4

73.9194.483.778.8

104.297.1

108.852.765.351.780.469.6

54.831.250.597.496.193.398.458.183,694.930.776.5

80.965.384.871.791.972.289.168.3

102.873.6

118.80 72.8

110.1353.6118.2114.6171.9

78.988.887.395.297.3

109.281.170.395.992.1

100.558.981.9

110.3108.597.4

108.0108.2353.699 8

112! 6

79.774.1

74.457.099.485.483.195! 155.073.949.736.288! 8

126.673.3

75.8190.987.482.7

107.997.6

109.252,464.651.481.771.6

53.932.148.993.696.093.298.357.381.491.032.881.1

84.567.389.382.793.275.991.069.7

96.175.7

122.2«74.6

110.9356.8108.5114.6162.9

79.786.684.097.098.3

109.182.870.797.794.6

100.560.083.7

111.3107.797.1

108.9111.1356.898.1

112.8

79.175.9

76.157.7

100.784.581 497! 155.471.749.137.090! 6

122.475.3

77.4196.890.887.9

112.697.8

109.154.864.554.183.473.2

54.634.450.992.596.093.697.357.499.5

113.841.785.3

84.468.595.5

100.994.477.792.271.5

92.675.8

122.3«76. 5

110.3356.1100 5113.6153.0

82 882! 377.8

100.398.7

109.082.769.897.096.194.859.784.8

110.8107.296.8

110.2111.4356.193 4

111! 8

82.077.1

77.158.499.684.180 299! 654.471.648.735.793! 0

127.875.4

79.1222.391.990.0

116.397.4

109.055.865.155.283.072.1

56.134.749.297.296.294.496.057.0

109.0125.150.985.6

82.968.994.9

107.896.276.392.272.2

88.476.0

122.7«76.3

109.6357.996.8

112.4150.1

84 386! 382.8

100.499.7

110.083.070.596.996.493.858.285.6

110.3106.697.3

109.7110,9357.9100.7112.4

80.777.9

78.357.196.690.388 0

100! 054.572.447.635.893.9

129.374.0

80.9225.491.489.1

118.398.0

110.055.964.855.283.472.9

56.435.847.498.296.294.795.358.0

111.0128.054.682.9

81.969.194.7

108.896.075.292.772.0

89.576.6

124.7»76.4

108.7353.692.6

111.2149.7

84 988! 486.197.797 5

108! 782.070.595.194.093.452.284.8

109.8105.995.4

109.6110.8353.6103.1113.6

82.477.6

77.658.997.989.287.596.054.874.446.936 094! 6

129.472.1

80.3253.190.488.0

114.296.8

108.756.765.056.183.472.7

55.835.342.8

100.095.093.095.356.0

103.1117.454.481.4

80.868.794.9

103.895.273.790.569.7

89.775.8

123.9« 74. 3

108.0347.291.1

111.7148.0

81.789.788.196.398.2

109.281.769.996.193.597.955.583.8

108.2105.496.8

107.3109.4347.2101.7114.2

80.375.9

75.859.495.587.886 493! 954.673.346.335.893.6

128.171.4

79.6239.088.385.6

107.998.0

109.259.065.558.482.270.6

54.034.542.796.294.492.095.855.296.7

108.754.478.0

82.069.294.2

100.094.274.590.871.3

89.176.7

122.7«75.3

107.5352.092.0

112.9158.6

80.589.087.495.698.2

109.672.753.297.293.3

101.955.984.2

110.3106.996.9

107.3108.6352.0102.2115.2

82.476.1

75.762.396.986.985.493! 455.973.747.637.394.9

129.672.3

80.4248.887.284.6

105.197.9

109.660.465.860.073.754.3

55.235.247.394.194.691.697.456.496.3

106.357.386.1

83.369.394.4

101.596.177.291.871.8

88.777.8

125.9«74.5

109.4331.194.1

113.5163.9

80.786.484.394.998.6

110.382.168.196.191.9

101.755.484.9

107.6108.3100.2111.4109.4331.0100.5115.3

83.477.9

78.165.395.487.085.294.756.374.748.237.797.0

132.675.3

82.4239.087.685.3

109.799.0

110.359.466.059.082.167.0

57.136.452.695.694.991.399.156.298.7

108.057.693.7

86.270.095.1

105.897.675.991.774.4

88.379.0

127.6• 74.0

» 109. 4341.496.3

114.8178.9

82.883.981.494.399.0

111.0«83.0

70.094.290.797.956.7

°85.80 111. 2

112.2100.4

0 110.4«109.6

341.4102.9114,8

83.8«80.1

"80.9«69.5

97.686.284.095.6

«57.176.849.2

037,8"99.6134.177.1

84.80 256.4

89.487.2

109.399.6

111. 059.765.959.381.866.8

58.237.756.795.694.290.798.157.0

°96.70 105. 2

56.695.7

"87.771 796.2

105.099.574.3

•91. 5°76.0

90.480.3

a 130. 5"74.8

<* Revised,* For earlier data see the following references: For factory employment, adjusted, all series, see pp. 16 to 19 of the July 1934 issue; employment in Baltimore, Milwaukee,

and Massachusetts, p. 18, December 1932; employment in Chicago, p. 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 and Philadelphia, p. 19, September 1933; for revisions of years 1930-34 for those

series and for the city of Pittsburgh, see p. 20 of the March 1935 issue; for Massachusetts, employment for 1931, p. 19, August 1933, and for 1932-34, p. 20, September 1935,revisions for period January 1933-May 1936 not shown above will appear in the 1936 supplement.

§ These data for the period January 1933-September 1935 have been revised; revisions not shown in the December 1935 issue appeared on p. 16 of the January 1936 issue*

24 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem- Oetober Novem-ber

Decem-ber

1936

Janu-ary

Febru-ary March April May

EMPLOYMENT CONDITIONS AND WAGES—Continued

EMPLOYMENT-Continued

Factory, by cities and States—Continued.States—Continued.

Maryland* _. 1929-31* 100 .New Jersey t - 1923-25=100—New York . . —1925-27=100..O h i o . - 1926*100-Pennsylvaniat- . - - 1923-25=100—Wisconsin — 1925-27=100—

Nonmanufacturing (J3. L. S.):

Anthraci te- - 1929=100—Bituminous coal 1929=100-Metalliferous 1929-100-Petroleum, crude production.l929=100~Quarrying and nonmetallic—1929=100-

Electric light and power, and manufac-tured gas —.1929=100-

Electric railroads. , 1929=100-Telephone and telegraph 1929=100-

Trade:Eetailf —1929=100-Wholesalef .1929=100..

Miscellaneous:Dyeing and cleaning*t* 1929=100-H o t e l s t - =—i - 1929=100—Laundr ies*t* - 1929=100—

Miscellaneous data:Construction employment, Ohio

1926=100-Farm employees, average per farm*

n u m b e r -Federal and State highway employment,

total* numberConstruction*.. .number—Maintenance* . number

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

Washington. . .._! number . .Railroad employees, class I thousands. .Trades-union members employed:

All trades percent of to ta l . .Building trades* percent of t o t a l -Metal trades* . percent of totalPrinting trades* percent of to ta l . .All other t r ades* . . . percent of t o t a l -

On full t ime, all trades-percent pf total—LABOR CONDITIONS

Hours of work per week in factorles:*t1Actual, average per wage earner hours—

Industrial disputes in progress duringmonth:f

Number of disputes. . . .Man-days lost ._ . . . number-Workers involved number

Employment Service (United States):*Applications:

In active file numberNew . . number-

Placements:NumberPer active applicant number-

Labor turn-over:fAccessions percent of no. on pay roll—Separations:

Discharged—percent of no. on pay r o l l -Laid off -percent of no. on pay r o l l -Voluntary quits

percent of no. on pay roll—PAY ROLLS

Factory unadj. (B. L. S.) •§ 1923-25=100-Durable goods group*§ 1923-25=100—

Iron and steel and products1923-25=100-

Blast furnaces and steel works1923-25=100-

Structural and metal work1923-25=100.

Tin cans, etc - 1923-25=100Lumber and products 1923-25=100.

Furniture - - 1923-25=100Millwork — „ 1923-25=100.Sawmills.—, 1923-25=100—Turpentine and rosin 1923-25=100—

93.979.376.80)80.491.8

51.275.761.973.053.4

90.371.772.1

85.384.6

87.583.987.2

C1)

1.01

423,466258,103165,363

859,836117,103

1,098

847188888661

39.2

*303*1,225,000

*133,000

6,666,599364,933

470,055.071

4.49

.231.92

1.13

79.576.5

78.5

83.9

65.1102.149.359.345.931.358.6

88.272.472.590.874.986.6

56.877.946.076.750.4

83.971.770.2

82.282.1

83.681.382.3

35.0

1.00

362,339224,086138,253

754,746103,463

.1,031

774977868154

35.9

3191,311,278129,784

6,713,047662,066

271,662.040

3.18

.203.46

.83

66.457.6

55.7

56.8

40.793.836.348.531.520.959.9

86.572.572.190.175.092.3

49.470.045.277.450.9

84.871.570.3

79.382.1

81.780.384.4

32.9

1.03

375,442226,867148,575

764,925104,498

1,035

734977857862

36.4

3171,297,730

141,829

7,532,046849,323

282,699.038

4.17

.202.57

.90

65.455.6

52.6

52.4

42.297.738.348.434.223.357.5

88.875.973.891.176.690.4

38.773.446.376.351.0

86.871.270.5

78.082.7

79.480.784.2

31.5

.98

382,846218,886163,960

805,286105,679

1,027

775278858164

37.3

3771,191,663150,835

8,235,139862,798

303,155.037

4.60

.212.70

.86

69.758.9

59.4

61.6

43.9103.644.456.037.727.959.3

92.378.076.893.178.189.5

46.077.148.975.150.0

86.971.070.4

81.883.7

82.181.183.0

27.8

,98

340,073183,886156,187

829,605108,952

1,026

805580858459

37.8

3113,027,040514,427

8,696,943681,133

394,420

4.95

.191.95

1.05

72.260.6

62.7

64.2

45.6105.747.360.240.829.459.3

92.180.077.893.879.489.1

58.874.351.674.750.0

87.471.170.0

83.885.7

80.481.681.9

30.9

(2)

323,374176,050147,324

831,453110,009

1,034

805381868559

38.5

3321,562,908

133,742

8,735,783639,960

559,748.064

5.23

.212.03

.89

75.066.3

65.5

66.1

46.0100.248.663.041.929,564.6

90.480.676.996.079.088.2

46.676.152.673.046.7

87.671.169.8

84.686.4

76.381.581.3

28.5

.85

290,523151,385139,138

835,236110,745

1,013

806481878468

38.6

2741,003,852100,732

8,387,179535,280

682,640.081

3.63

.202.58

.77

74.568.1

65.1

66.4

44.791.545.059.339.626.565.8

89.779.176.294.278.887.2

57.379.153.571.943.1

86.870.569.6

92.986.8

73.480.881.1

27.9

.62

252,229130,539121,690

850,943111, 692

999

775282868155

38.8

210660,91161,782

8,943,099481,900

797,802.089

3.30

.182.89

.69

76.469.7

68.8

72.0

45.091.544.258.439.025.964.4

88.476.375.20)76.985.9

59.179.854.271.139.4

86.170.770.1

80.485.6

71.581.981.5

0)

.71

202,88497,089

105,795

840,183111,954

1,003

785083858256

38.5

•244«635,730•58,419

9,001,192429,542

521,329.058

3.65

.202.66

.71

72.765.1

64.4

68.0

45.390.941.151.836.125.260.5

88.376.175.3

( i )77.387a

61.280.255.570.836.9

86.171.769,9

79.785.0

70.382.881.2

•C)

.74

200.45180,674

119,777

835,087112,304

1,054

784883878357

38.2

•241•751,228•89,706

9,184,982343,142

385,891.042

2.95

.172.21

.68

72.764.7

65.2

68.2

44.886.141.154.335.924.455.2

90.576.477.20)77.688.7

52.580.455.970.742.2

86.971.270.2

81.985.6

74.782.882.1

(0

.89

227,58694,200

133,386

841,197112,370

1,044

795183878358

38.1

•292•1,338,444a122,265

9,252,979353,251

440,154.048

3.97

.191.83

.86

76.369.7

69.9

73.8

49.994.544.655.739.228.059.2

93.177.077.4(078.989.3

49.877.457.571.148.4

88.271.270.8

85.385.7

81.883.283.2

0)

.90

287,478144,173143,305

846,279115,073•1,073

825985888561

38.8

P 2 8 0^697,331v 92,900

8,996,795295,686

451,617.050

4.46

.211.92

1.16

77.973.8

73.9

79.2

54.794.346.356.241.229.757.0

94.277.777.5

0)79.090.7

54.976.260.872.552.0

88.971.571.6

45,184.6

87.384.185.5

0)

1.00

374,191209,835164,356

853,439116,857

1,089

836686898661

39.0

*326P985,000P123,000

°8,780,638291,833

«466,374.053

•4.05

.20•2.06

1.06

• 79.3•76.1

76.9

« 82.5

•60.798.6

•48.156.743.9

•31.358.1

0 Kevised. v Preliminary. »Temporarily discontinued by the reporting source. a Data not available* For earlier data see the following references: Employment in Maryland, and Federal civilian employment, total, United States, p. 18, December 1932; Federal and

State highway employment, dyeing and cleaning establishments, and laundries, p. 19, June 1933; trades-union members employed, p. 18, December 1932, and hours ofwork, p. 20, October 1932. Pay rolls in the durable group for the period January 1923-June 1935 are shown on p. 19 of the August 1935 issue. Data for factory pay rollsby classes are shown on p. 18 of the June 1934 issue. See also p. 19, July 1934 issue. Data on the U. S. Employment Service for the period July 1933-June 1935 were shownon p. 19 of the September 1935 issue.

f For revised data refer to the indicated pages as follows: Employment in New Jersey and Pennsylvania, p. 19, September 1933; employment in laundries, and dyeingand cleaning establishments, p. 20, August 1934; hotels revised for the period January 1929-July 1935, inclusive, see p. 20 of the September 1935 issue. For revised data onemployment in wholesale and retail trade for 1930-34, see p. 20 of the March 1935 issue. Hours of work per week in factories revised for 1933. See p. 20 of the July 1934issue. For labor turn-over see p. 20 of the April 1935 issue. Industrial disputes revised for 1935. See p. 29 of the April 1936 and p. 29 of the May 1936 issues.

• Figures represent the condition as of the end of the month shown. This method has been followed since September 1932. Figures shown previous to that date inthe Survey are as of the first of the month. They were published as of the first of the following month by the Department of Agriculture.

1 Data revised for 1934. See pp. 29 and 56 of the May 1935 issue.§ Data have been revised for the period January 1933-September 1935. Kevisions not shown in the November 1935 issue appeared on p. 16 of the January 1936 issue.A The revised series on dyeing and cleaning and laundry employment shown in the August 1935 issue have been dropped by the B. L. S. and the publication of the

original series resumed in the September 1935 issue.

August 1936 SURVEY OF CURRENT BUSINESS 25

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

EMPLOYMENT CONDITIONS AND WAGES-Continued

PAY ROLLS—Continued

Factory unadjusted.—Continued.Durable goods group—Continued.

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 products

1923-25=100-Stamped and enameled ware §

1923-25-100—Railroad repair shops 1923-25=100-

Electric railroads.- 1923-25=100-Steam railroads 1923-25-100-.

Stone, clay, and glass products1923-25=100-

Briek, tile, and terra cotta1923-25=100-

Cement 1923-25=100-Glass- 1923-25=100-

Transportation equipment.l923-25=100—Automobiles 1923-25=100-Cars, electric and steam .1923-25=100—Shipbuilding. -1923-25=100-

Nondurable goods group* §-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,.Leather and products...-.1923-25=100—

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

Paper and pr in t ing—1923-25=100-Paper and pulp 1923-25=100—

Rubber products § 1923-25 -100. _Rubber tires and tubes—1923-25=100,.

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

Tobacco manufactures- 1923-25*100—Factory by cities:

B a l t i m o r e * . — —1929-31=100-Chicago* 1925-27=100-Milwaukee* 1925-27=100-New York*— - 1925-27=100-Philadelphia*t__ 1923-25=100-Pittsburgh*f 1923-25=100-

Factory by States:Delawaref . - 1923-25=100-IllinoisA - - 1925-27=100-Maryland* 1929-31=100-Massachusetts*t 1925-27=100-New Jerseyf^ —..1923-25=100-New Y o r k — 1925-27=100-Pennsylvaniaf ..1923-25=100-Wisconsin _ 1925-27-100..

Nonmanufacturing (B. L. S.)iMining:

Anthracite-. 1929=100-Bituminous coal- —fc..1929=100—Metalliferous— 1929=100-Petroleum, crude production

1929=100-Quarrying and nonmetallic-1929=100—

Public utilities:Electric light and power and manu-

factured gas _ 1929=100-Electric railroads —1929=100—Telephone and telegraph... 1929=100—

Trade:Retailf - .-1929=100-Wholesalef 1929=100-

Miscellaneous:Dyeing and cleaning*!* 1929=100—Hotelsf — 1929=100..Laundries*t* - 1929=100-1

90.5156.572.8

79.6162.076.1

80.9

73.2

98.862.362.262.4

49. 5

31.445.591.9

109.1119.971.991.883.3

102. 3108.993.3

106.6105.0262.495.8

106.0198.6

80.266.758.294.690.395.879.470.975.776.569.648.3

92.955.791.561.280.893.5

76.964.494.364.070.066.375.981.8

42.061.648.2

58.543.9

88.166.877.4

66.468.4

69.266.675.8

66.9127.556.1

56.2100.962.9

64.6

60.0

77.651.059.050.5

40.5

19.340.182.082.493.446.655.577.695.098.093.794.099.3

240.590.999.6

173.4

74.870.9

•64.791.183.487.464.958.970.972.064.646.8

76.446.776.357.473.260.8

66.452.379.7

«59.459.260.259.870.5

66.064.731. 5

59.233.8

79.863.974.4

62.564.6

65.763.568.2

67.5135.254.7

56.7112.959.9

58.3

57.5

73.948.258.847.5

38.9

20.237.977.074.785.728.059.477.995.4

101.692.388.9

100.5240.296.996.5

192.7

75.077.573.191.281.485.161.354.268.470.160.847.6

73.945.977.956.872.356.7

65.151.877.1

«59.958.859.558.076.2

37.535.931.1

59.934.4

81.563.475.7

60.564.6

61.562.170.9

71.2137.557.8

60.0133.96 1 7

65.8

61.1

82.349.059.648.3

40.9

21.235.882.371.680.630.461.583.497.0

100.892.087.8

102.5253.4100.995.7

189.8

73,281.777.794.283.087.264.355.878.976.578.846.6

77.146.777.562.376.465.8

70.853.580.6

«62.563.362.563.974.3

28.345.833.4

58.936.3

82.863.375.5

59.364.8

58.262.069.2

75.2136.862.1

62.2166.370.9

69.6

65.8

89.849.159.148.5

42.2

22.535.285.665.772.131.865.687.199.098.897.389.5

102.8264.1105.5101.6171.0

74.176.971.195.286.290.768.859.084.680.487.849.4

81.648.882.667.179.667.0

70.555.685.5

°64.864.865.965.078.1

38.260.135.4

60.935.4

84.564.073.8

62.567.2

63.163.167.9

78.4136.165.2

64.6185,878.4

76.0

72.5

99.953.160.052.7

44.5

24.035.190.986.497.741.0

•' 70.486. 2

100.6100.199.994.8

102.2263.598.0

100.8157.7

75.673.865.999.488.293.370.859.084.583.381.850.5

80.449.682.766.781.076.2

70.456.984.9

°65.967.666.370.377.1

55.969.838.7

57.936.5

84.464.174.9

63.266.8

61.164. 367.1

78.9145.064.6

65.3179.878.5

77.0

72.9

101.054.559.354.2

43.9

23.433.39 L 2

101.5116.747.472.582.799.1

101.994.794.098.8

263.391.999.7

151.2

77.766.656.1

101.488.091.770.359.979.782.669.248.9

79.348.984.563.479.774.5

69.256.582.5

«62.468.164.368.475.8

28.465.539.6

57.232.1

83.463.874.9

63.466.9

55.464.866.7

80.7155.265.1

68.5143.779.4

76.7

73.4

102.867.161.856.9

44.6

23,331.194.2

102.2115.955.277.285.1

100.8102.197.293.7

104.0268. 090.599.4

147.4

79.775.466.7

103.791.894.474.563.881.985.370.549.6

80.050.686.764.580.474.5

72.358.483.9

a66.868.165.968.277.3

55.469.543.2

59.929.7

86.066.175.6

69.368.6

52.964.267.5 I

78.3162.061.3

66.7126.272.7

74.6

71.3

90.852.260.851.7

38.0

20.023.482.394.8

106.851.877.282.397.999.795.391.899.5

264.487.399.0

147.0

81.679.172.799.788.291.770.259.979.180.072.641.7

78.151.284.563.678.271.4

71.957.481.9

«64.865.264.466.075.2

54.470.641.7

55.725.5

84.865.075.0

62.166.6

51.664.968.3

79.2165.361.0

68.3114.072.4

76.7

70.3

90.757.862.557.6

38.7

19.423.883.885.393.654.075.382,897.599.994.293.598.5

260.884.799.8

143.3

73.879.874.596.688.993.469.860.281.179.978.643.4

80.351.1

•81.263.978.273.9

70.558.383.3

« 65.965.064.567.274.0

76.778.442.8

55.723.9

84.768.376.2

61.666.6

49.066.567.8

82.2171.063.7

71.6109.773.9

79.9

69.9

96.463.163.663.2

43.5

22.431.889.196.1

105.462.085.084.9

102:4103.0100.095.9

103.0267.387.5

100.9162.4

74.175.569.793.890.594.963.047.484.380.087.644.9

89.952.287.069.180.075.5

69.960.884.4

• 65. 366.467.269.079. 2

42.670.245.1

55.930.9

86.167.877.2

63.569.0

56.466.069.9

86.3172,568.6

. 75.4118.074.0

78.7

70.8

101.160.662.560.6

46.9

25.838.392.1

120.3121.770.095.683.3

101.3104. 998.0

100.7101.7254.987.7

100.4168.0

73.669.962.494.591.196.274.063.280.078.378.742.6

85.452.389.365.076.888.7

70.861.388.4

«66.067.466.4

« 72; 879.0

28.662.145.4

56.836.0

86.665.976.0

65.467.9

64.266.370.9

89.6168.871.1

78.4«141.9

75.2

78.8

73.3

97.3•61.6

62.7•61.6

49.3

29.544.093.0

«112.1«124.0

68.6«95.6*83.4102. 9107.095.9

«106.0«10g.4

259.092.7

104.1192.9

77.665.956.895.991.997.0

«76.8«68.2

77.0?6.4

«73.846.8

•91.354.289.563.479.890.4

73.562.8

«93.2«65.4

68.866.6

«74.180.4

56.362.247.7

58.042.1

87.066.1

/78.5

65.868.2

72.267.075.6

•Revised.•For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Baltimore, p . 18, December 1932; pay rolls, Chicago,

p. 20, June 1933; pay rolls, Milwaukee, p. 18, December 1932; pay rolls, New York, p. 29, 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; pay rolls in dyeing and cleaning establishments and laundries, p. 19, June 1933. Dataon pay rolls for nondurable goods industries for the period January 1923-June 1935 are shown on p. 19 of the August 1935 issue.

t Revised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues as follows: Pay rolls, Pennsylvania, Delaware, New Jersey,and Philadelphia, p . 19, September 1933; for revisions of years 1930-34 for these series and for the city of Pittsburgh, see p . 20 of the March 1935 issue; pay rolls, Massa-chusetts, for 1931, p. 19, August 1933 and 1932-34 p. 20, September 1935, revisions for period January 1933-May 1936 not shown above will appear in the 1936 supplement;pay rolls in wholesale and retail trade for 1930-34, inclusive, p. 20, March 1935; pay rolls in dyeing and cleaning establishments and laundries, p. 20, August 1934; hotelsrevised for the period January 1929-July 1935, inclusive; see p. 20 of September 1935 issue.

A Revised data on Illinois pay rolls from April 1929 to December 1932 will be shown in a subsequent issue.• The revised series on dyeing and cleaning and laundry payrolls shown in the August 1935 issue have been dropped by the Bureau of Labor Statistics and the pub-

lication of the original series resumed in the September 1935 issue.§ Data have been revised for the period January 1933-September 1935. Revisions not shown in the November 1935 issue, appeared on p . 16 of the January 1936 issue

83020—36 4

26 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

EMPLOYMENT CONDITIONS AND WAGES—Continued

WAGES-EAENINGS AND RATESFactory, weekly earnings (25 industries) :*t<?

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 indus-

tries) :*t<?All wage earners dollars—

Male:Skilled and semiskilled ..dollars-Unskilled dollars-

Female -s. - —' -dollars—Factory, weekly earnings, by States:

Delaware ---1923-25=100 _Illinois — 1925-27=100-Massachusetts*f . - —1925-27=* 100 _New Jersey— .1923-25 -100-New York. 1925-27=100—Pennsylvania 1923-25=100—Wisconsin— 1925-27-100-

Miscellaneous data:Construction wage rates:*§

Common labor (E. N. i2.).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 hour-East North Central -dol. per hour—East South Central dol. per hour—Middle Atlantic . dol. per hour—Mountain States ..• dol. per hour—New England -— dol. per hour—Pacific States dol. per hour..South Atlantic __dol. per hour—West North Central dol. per hour-West South Central dol. per hour-

Steel industry:U. S. Steel Corporation dol. per hour—Youngstown district percent base scale—

24.29

27.3319.8514.9491.3

88.789.186.7

.617

.682

.497

.430

85.885.0

98.686.393. 288.0

.5641.14

32.21

.42

.54

.30

.46

.56

.47

.55

.33

.49

.36

.485115.0

21.46

24.1117.4814.7380.6

78.378.585.4

.599

,660.493.436

77.676.3

«84.191.383.079.480.8

.5271.07

30.08.670

.42

.53

.30

.43

.57

.43

.56

.31

.47

.37

.485115.0

21.75

24.5817.6614.7781.7

79.879.385.7

.598

.659

.489

.434

76.5«77.4«84.4

90.682.676.581.2

.5291.08

.662

.42

.53

.30

.43

.57

.43

.57

.31

.47

.36

.485115.0

22.32

24.9718.1615.3383.9

81.181.588.9

.601

.663

.491

.435

72.6* 78.3a85.9

93.184.783.081.2

.5291.08

.658

.42

.54

.30

.43

.57

.44,57.31.47,36

.485115.0

22.58

25.0618.6515.5684.9

81.483.790.3

.601

.665

.491

.434

77.379.2

a86.892.785.782.985.9

.5291.08

30.38.669

.42

.54

.30

.43

.57

.46

.57

.31

.47

.36

.485115.0

23.12

25.8319.3415.6086.9

83.986.890.5

.602

.665

.497

.435

80.1«80.9«86.1

94.285.287.184.8

.5291.10

.667

.42

.54

.30

.44,57.46.58.32.47.36

.485115.0

23.31

26.0519.4815.6187.6

84.687.490.5

.604

.667

.501

.435

82.580.0

•81.894.483.786.084.5

.5281.10

.682

.42

.55

.30

.44

.57

.47

.59OO

.48

.36

.485115.0

23.47

26.4019.4715.9788.2

85.787.492.6

.605

.668

.502,434

85.1«82.2«87.4

96.286.486.387.9

.5281.10

28.63.685

,41.55.30.44.56,48.60,33.48.36

.485115.0

23.09

26.0419.0815.1286.8

84.585.687.7

.600

.663

.492

.431

84.4' • 81.7«87.1

95.485.785.086.2

.5471.12

.680

.40

.58

.30

.44

.55

.48

.60

.31

.48

.37

.485115.0

23.09

26.1418.9315.4286.7

84.985.089.4

.606

. 671

.493,430

83.4«81.9«87.495.4

85.685.983.4

.5471.12

.692

.38

.60

.30

.46

.54

.50

.57

.33

.49

.36

.485115.0

•23.20

26.3719.1415.3387.2

85.685.988.9

.610

.675

.496

.429

83.184.2

«87.297.187.087.788.4

.5471.13

30.87,692

.37

.62

.30

.48

.55

.50

.59

.32

.47

.36

.485115.0

23.78

26.8519.3915.0889.4

87.287.087.5

.612

.677

.495

.429

84.683.5

«88.597.985.791.987.9

.5521.13

.669

.38

.57

.30

.46

.55

.52

.57.

.33

.46

.37

.485115.0

24. 08

27.1519 7114.9490.5

88.188.586.7

•.615

.680

.499

.432

85.884.2

a88. 399.085.992.687.7

.5581.14

.42

.56

.30

.45

.57

.48

.55

.34

.48

.36

.485115.0

FINANCE

BANKING

Acceptances 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, total

mills, of dol—Own bills mills, of doL.Purchased bills mills, of dol—

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

Agricultural loans outstanding:Farm mortgages:

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

Federal intermediate credit bank loans toand discounts for:A

Regional agricultural credit corp's andproduction credit ass'ns..mills, of doU-

All other institutions mills, of dol—Other loans:

Agricultural marketing act revolvingfund loans to cooperativesf

mills, of dol—Banks for cooperatives, incl. Central

Bank* _ mills, of dol—Emergency crop loans* mills, of dol—Prod. cred. ass'ns* mills, of dol—Regional ag. credit corp.*—mills, of dol—

316

27612914740

169

2,064151827

14453

44

4011413936

343

31715416326

159

2,017208733

13168

49

2412510773

321

29614814824

164

2,024201743

12964

49

2512611069

322

29214514730

177

2,036195755

12564

46

3112510965

328

30114815427

183

2,047190765

11560

47

4312210159

363

33917816124

180

2,059184777

10153

46

481149352

387

35818217529

178

2,066180786

10050

45

511099246

397

36818318529

172

2,072176795

10549

44

50«106

9443

384

35318117231

178

2,066170803

10548

44

471059641

377

34017216837

176

2,059166811

11149

44

4310410341

359

32115017138

180

2,060162818

12350

44

41104s

11640

344

31014316734

174

2,062158823

13352

44

4011212739

331

29715514234

184

2,063154827

14053

42

4011413538

fRevised series. For revisions on the following subjects, refer to the indicated pages of the monthly issues. Massachusetts weekly earnings for 1931, p. 19, August1933; and for 1932-34, p. 20, September 1935; factory weekly and hourly earnings for 1933, p. 20, July 1934. Certain classes of loans included in the figures shown throughMay 1934 have been reclassified and removed from the agricultural category.

<?Data for 1934 revised. See pp. 30 and 56 of the May 1935 issue.§Construction wage rates as of July 1,1936—common labor, $0,554; skilled labor, $1.15.^Beginning with March 1932 data are based on Federal-aid and State projects; before that time the data are based on Federal-aid projects.^Joint-stock land banks in liquidation.*New series. For earlier data on the following subjects, refer to the indicated pages of the monthly issues as follows: Factory weekly earnings for period of January

1927 through August 1932, p. 20, October 1932; factory hourly earnings for January 1926-Deeember 1931, p. 18, December 1932; weekly earnings Massachusetts for January1926-December 1931, p. 18, December 1932; construction wage rates for January 1622-July 1933, p. 19, September 1933. Additional series on agricultural loans were firstincluded in the June 1934 issue for land-bank commissioner for period July 1933-April 1934. Additional series were also included in this issue for banks for cooperativesincluding central bank and production credit associations for the period October 1923-April 1934, and emergency crop loans and regional agricultural credit corporations forApril 1933-April 1934. Data for emergency crop loans for fiscal years from June 1922-June 1931 and monthly periods January 1932-March 1933 and regional credit corpora-tions for October 1932-Marcl) 1933 will be shown in a subsequent issue.

ABreak-down of figures shown in issues up to November 1934.

August 1936 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 1982 Annual Supplement to the Survey

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

FINANCE—Continued

BANKING—Continued

Bank debits, total. _ mills, of doL.New York City . . . . mills, of d o l -Outside New York City mills, of dol—

Brokers' loans:^Reported by N. Y. Stock Exchange

mills, of doL.Ratio to market value — percent—By reporting member banks:

To brokers and dealers in N. Y.*mills, of dol—

To brokers and dealers outside N. Y.*mills, of dol—

Federal Reserve banks:Assets, total mills, of d o l -

Reserve bank credit outstandingmills, of doL.

Bills bought —mills, of d o l -Bills discounted-- mills, of dol—United States securities-mills, of dpi..

Reserves, total mills, of do)..Gold reserves! -mills, of dol—

Liabilities, total-, mills, of d o l -Deposits, totaL mills, of doL.Member bank reserves mills, of doL.

Excess reserves (est.) *, „ - mills, of dol._Notes in circulat ion——mills , of dol—

Reserve ra t io . . . percent..Federal Reserve reporting member banks:J

Deposits:Demand, adjusted* mills, of doL.Time . . , - ——mills, of dol—

Investments - mills, of dol—U. S. Gov. direct obligations*

mills, of dol—U. S. Gov. guaranteed issues*

mills, of dol—Other securities*- mills, of dol—

Loans, total mills, of doL.Acceptances and commercial paper*

mills, of dol—On real estate * ...mills, of d o l -To banks ,*. , . , . --~. .mills, of dol—On securities ...mills, of dol—Other loans* mills, of dol—

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

In New York City -percent—In eight other northern and eastern

cities - percent-In twenty-seven southern and western

cities. . . . . .percent-Call loans, renewal percent—Com'l paper, prime (4-6 mos.)-—percent-Discount rate, N. Y. F. R. Bank—percent—Federal Land bank loans* .percent—Intermediate credit bank loans—percent-Time loans, 90 days. ^percent-

Savings deposits:New York State Savings banks

mills, of dol—U. S. Postal Savings:

Bal. to credit of depositors.thous. of dol—Bal. on deposit in banks—thbus. of dol—

Commercial failures:Grand total . - number—

Commercial service, total number—Construction, total number..Manufacturing, total. number -

Chemicals and drugs. number..Foods- . . —_ .number..Forest products number -Fuels - number-Iron and steel.,: number..Leather and leather products.number—Machinery —number -Paper, printing, and publishing

number—

37,50518, 62318,882

9891.94

973

253

11,574

2,47334

2,4308,3858,119

11,5746,5855,6332,7174,034

79.0

14,6795,011

14,159

9, 510

1,2893,3608,460

3151,145

623,3193,619

H2.44

3.51

4.391.00

1.504.002-00

m5,210

1,231,541185,007

7334336

1431135113587

13

31,47515,66715,808

8092.23

921

183

9,529

2,480

62,4336,4266,2039,5295,4064,9792,4143,25874.2

12,9214,842

11,791

7,824

9722,9958,037

3221,147

833,2083,277

X2.66

3.78

4.76.25

1.504.192.00

H

5,187

«l,204,863384,510

9444754

1666

4810559

12

4

33,28716,73716,550

7691.98

825

170

9,556

2,465

72,4306,5156,2469,5565,4785,1002,5133,26274.5

12,9624,856

12,034

7,947

1,0173,0707,811

3061,136

1033,0763,190

X2.61

3.87

4 58.25

1.504.002.00

H

5,161

1,189,490363,001

9024355

1725

40143

1188

9

30,26814,73315, 536

7721.94

778

160

9,749

2,485K

011

2,4326,7166,5029,7495,5625,3052,7083,39974.9

13,2634,839

12,022

7,877

1,0353,1107,817

3101,135

753,0093,288

X2.67

3.79

4.63.25

1.504.002.00

5,152

1,191,754347,870

8844853

1321

43926

6

10

29,03114,01415,016

7811.93

846

169

9,872

2,4775

102,4306,8386,6339,8725,6135,2542,6003,47475.3

13,2464,890

12,390

8,183

1,0943,1138,030

3241,144

873,0953,380

X2.72

3.75

4.51,2534/\

1.504.002.00

H

5,179

1,191,677318,513

7874638

1439

4565583

12

32,57715,73316,844

7921.84

779

152

10,416

2,48256

2,4307,2857,053

10,4166,9995,6482,9703,53276.4

13,5984,899

12,476

8,177

1,1333,1667,902

3291* 146

813,0063,340

X2.72

3.75

4.55.29

1.504.002.00

H

5,161

1,196,427305,778

1,0565874

2106

57166

131012

13

32,22715,54216,685

8461,88

850

173

10,780

2,48056

2,4307,5667,347

10,7806,1665,8353,1003,64777.1

14,0184,872

12,480

8,301

1,1373,0428,152

3531,140

1503,1083,401

X2.77

3.63

4.51.75

1.504.002.00

1

5,154

1,198,966293,598

8984758

1698

3812

19

1011

10

36,36017,68418,676

9382. GO

980

183

11,026

2,486

52,4317,8357,571

11,0266,3865,5872,8443,709

77.6

13,8874,911

12,646

8,468

1,1263,0528,249

3621,136

763,2743,401

X2.61

3.67

4.55.75

1.504.002.00

1

5,187

1,201,304286,588

9105354

1801035117878

12

35,42417,92517,499

9251.84

893

171

11,088

2,479

92,4308,0067,668

11,0886,6175,8603,0843,63378.1

14,0174,888

12,996

8,655

1,1723,1697,999

3601,142

653,1283,304

H2.64

3.62

4.47.75

A. 002.00

1

5,177

1,207,971243,702

1,0775951

174104018

885

12

31,57215,80615,766

9241.81

898

171

11,094

2,48257

2,4308,0217,685

11,0946,5355,7842,9863,73278.1

14/0904,900

13,047

8,690

1,2013,1567,959

3491,146

663,1173,281

X2.56

3.63

4.51.75

1.504.002.00

1

5,177

1,213,765224,497

8564136

1373

3413364

12

8

37,49619,62917,867

9971.93

990

220

11,127

2,473

82,4308,0277,680

11,1276,4975,0872,3053,76478.2

13,5784,909

13,229

8,643

1,2653,3218,392

3521,144

883,3133,495

X2.61

3.60

4.44.75

ZA94

1.504.002.00

1

5,204

1,215,811220,578

9464751

1582

50113546

17

34,78317,28617,497

1,0642.23

1,032

209

11,184

2,475

52,4308,0497,717

11,1846,5245,4862,6643, 76278.3

14,2585,047

13,452

8,802

1,2813,3698,343

3461,141

673,3043,485

X2.54

3.47

4.40^.75

1.504.002.00

H

5,175

«1,215,173«216,124

8303832

1615

37124792

13

33,22516,22716,998

9701.94

1,154

11,266

2,47435

2,4308,1327,837

11,2666,5745,719

3,79578.4

14,5805,035

13,522

8,909

1,3053,308

3151,147

923,486

H2.51

3.45

4.43

1.504.002.00

1-1H

5,165

1,214,037191,461

8323546

1465

33112

17

« Revised.•New series. For earlier data on the following subjects, refer to the Indicated pages of the monthly issues. New series on "Brokers' Loans" for the period January

1929-December 1935 are shown on p. 19 of the March 1936 issue. For new series on bank rates to customers see p. 19 of the March 1936 issue. For new series on interestrates of Federal land banks see p. 20 of the April 1935 issue. Data on excess reserves for the period Sept. 1, 1931-ApriI 1936 are shown on p. 20 of the July 1936 issue. Seefootnote below on break-down of Investments and total loans. These 3 series represent a break-down of the investment total. Monthly data previous to October 1934 notavailable. Data on acceptances and commercial paper, on real estate, to banks and other loans represent a break-down of the "All other" loans total which was publishedprior to Oct. 1,1935.

§Figures subsequent to December 1933 represent gold certificates on hand and due from Treasury, plus redemption fund.JMethod of computing net demand deposits subject to reserve was changed by the "Banking Act of 1935" approved Aug. 23,1935. Consequently figures since that

date are not comparable with those for earlier periods. Data for months August 1934-August 1935 were incorrectly shown in the October 1935 issue.^Data on Federal Reserve Reporting Member Banks represent operations in 101 leading cities. These series, according to a statement in the Fedfral Reserve Bulletin

for November 1935, in the main, represent a continuation of the 101 city series published prior to the bank holiday. It is pointed out that although the banking crisis andsubsequent developments affected these series considerably, the data reflect the course of banking developments during the disturbed period. Data on 101 cities were lastshown in the May 1933 Survey for February 1933. Figures on the new basis not shown above will appear in a subsequent issue.

<? Classifications have been changed and revised data prepared beginning with January 1934. These data are shown on p. 20 of the May 1936 issue.

6F CURRENf BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

FINANCE—Continued

FAILURES*— Continued

Commercial failures—Continued.Grand total—Continued.

Manufacturing, total—Continued.Stone, clay, and glass products

number..Textiles.. numbers-Transportation equipment- -number.„Miscellaneous- _„.__ number..

Wholesale trade, total number—Retail trade, total number-

Liabilities:Grand total--. thous, of dol—

Commercialservice,totaLthous. of dol—Construction, total thous. of dol—Manufacturing, total thous. of dol—

Chemicals and drugs—thous. of doL-Foods ___ „__thous. of dol—Forest products thous. of dol—Fuels thous. of dol—Iron and steel _thous. of dol—Leather and leather products

thous. of dol—Machinery thews, of dol—Paper, printing and publishing

thous. of dol—Stone, clay, and glass products

thous. of dol—Textiles —thous. of dol-Transportation equipment

thous. of dol—Miscellaneous thous. of dol—

Retail trade, total thous. of dol-Wholesale trade, total thous. of dol—

MFE 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 doL.OtherA - mills, of dol..

Policy loans and premium notesmills, of doL.

Insurance written:!Policies and certificates --thousands.,

Group _ ._._ thousands-Industrial . . thousands,.Ordinary— thousands-

Value, total... thous. of doL.Group . ...thous. of doL.Industrial thous. of dol_.Ordinary.-. ^-_,_«J...i._.-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, totalmills, of dol.

Eastern district mills, of dol_Far Western district mills, of doLSouthern district mills, of doLWestern district.*. . . mills, of doL

Lapse r a t e s - , ^.1925-26=100-

MONETARY STATISTICS

Foreign exchange rates :#Argentina*. . , . dol. per paper peso.

.Belgium - . .—dol. per belga.Brazil * dol. per milreis-Canada dol. per Canadian doLChile^I. —— dol. per peso.England . . . , . -dol. per £ .France dol. per franc.Germany dol. per reichsmark-India ___dol. per rupee-Italy dol. per lira-Japan. fc dol, per yen-Netherlands-—__* dol. per florin..S p a i n . . . „„ . dol. per peseta.Sweden. . ._dol. per krona.,Uruguay . . . . . d o l . per peso..

2271

2072

479

9,177638

1,0502,541

9550939478

162

244228

147

7356

3133,5351,413

1,08337

805241

774,12342,095

233,333498, 695

254,04127,8719,700

58,926157, 544

533224

62189

.334

.169

.086

.997

.0515.0!.066.403.379.079.294.677.137.259.797

12,9181,1771,0793,580

9156048413857

188306

13

567720

290166

5,6841,398

18,5674,631

8553,776

8,3753,1991,8882,637

651

2,829

1,047

250697,47139, 537

205,951451,983

242,55430,6118,415

52,331151,197

490201

5159

179126

.329

.169

.083

.999

.0514.93.066.404.372.083.290.679.137.254.804

51

1781

551

16, 5231,5251,2945,237

881,347

150525631

32779

379

875

3406,3272,140

18,6964,590

8443,746

8,5313,2641,9732,623

671

2,821

1,161167756238

904,149267, 582203,465433,102

269,12139,8369,56755,488164,230

19950

176

.330

.169

.083

.998

.0514.,C.404.373.082.292.680.137.256.805

103231094557

13,266469

1,4714,297

8802322587801

275

110

385856

36115

5,2201,809

18,7864,552831

3,721

3,3181,9982,627

2,813

1,02224764234

651,19326, 524208, 508416,161

240,32132, 5919,28151, 561

4561835057166

.331

.169

.0514.97.066.403.375.082.293.678.137.256.805

17,0022,6021,1852,840260

1,029715865

27530

94

617

132201

8,5391,836

18,8874,517821

1,9792,633

2,807

94220716206

573,48122,501190,044360,936

225,61724,7168,53753,941138,423

4141684453149

.329

.0514.93.066.402.372.081.289.676.137.254.801

54861881633

17,1851,1872,7924,984122

1,0381,026

77210

175168

1,171

68195

5,9052,318

18,9904,502820

3,682

8,8543,5151,9972,635707

2,797

1,22926934

31,338233,988463,112

246,75431,4138,54649,789157,006

5022155160176

.327

.168

.084

.986

.0514.91.066.402.370.081.287.677.137.253

32365559

14,384731

2,9483,954442967195452

143

404

129

63715

4875,3711,380

19,1094,480812

8,945

2,0452,622709

2,786

1,04725775248

700,05936,981207,408455,670

251,72633, 6248,51554,002155,585

4952085160176

.328

.169

.0514.92.066.402.371.081.287.678.136.254.802

4712875548

15,6862,9691,9714,358196645905831198

71128

186

109763

10316

4,7771,611

19,1964,448807

3,641

9,1613,8012,0152,596749

2,777

1,03465692277

788,00374, 606187,874525,523

349,90364, 65610,68194,212180,354

5762336469210118

.329

.169

.084

.990

.0514.93.066.402.372.081.287.678.137.254.802

53942589704

18,1041,8672,4355,834184

1,588925

95

40361

102

2651,779

72360

6,2451,723

19,3284,420. 7993,621

9,2423,8891,9982,604751

2,766

94930703216

681,50640,981193,344447,181

286,01552, 38210,83653,805168,992

4792034954173

.331

.169

.084

.999

.0514.96.066.404.375.083.290.682.137.258.799

13022198544

14,089404

1,8193,360

121,16434099227

49125

246

4

12254

6,6511,855

19, 4234,383789

3,594

9,2653,9071,9872,604767

2,756

24769203

665,14030, 498212,055422, 587

252, 54226, 2549,45256, 245160,591

4601984752163

.333

.170

.0841.001,0515.00.067.407.377.084.291.687.138.258.803

72732388602

16, 271650

4,4844,371

217072482190

51218

322

146568

47407

5,5031,263

19, 5454,348776

3,572

4,0392,0412,614774

2,748

1,15032

775, 98256,213246,011473,758

262.03031,1369,79158, 223162,880

5252225662185

.331

.170

.085

.998

.0514.97.066.404.375.080.289.684.137.256.800

21893506

14,157567

1,5704,959108762169122154

14093

1,020

625

110848

5,5811,480

19, 6274,325768

3,557

9,5654,0992,061

769

2,741

1,11430

868217

743, 94537,213

244, 356462,376

250,14930, 83710,67947,959

160, 674

506210

62178

.330

.169

.086

.995

.0514.94.066.402.373.079.289.679.137.255

1268

2172

533

15,375494

4,8162,709

9038926494

124

108128

374

4406

517211

5,9331,423

19,7324,304762

3,542

9,6974,1932,0672,659778

2,734

1,09847821230

753, 41059,130230,464463,816

252, 62630, 6389,36555,009157, 614

504211

5460

179

.331

. 169

.0514.97.066.403.375.079.291.676.136.256.797

X See footnote on p. 32 marked "<y."t Revised series. For earlier data see pp. 18,19, and 20 of the July 1933 issue, insurance written and admitted assets; p. 18 of the June 1933 issue, premium collections.^ The nominal official gold yalue of the Chilean peso was changed from 3 pence gold to Vfy pence gold as of Jan. 2,1935.# Par values of foreign currencies as given on pp. 86 and 87 of the 1932 annual supplement were changed with the reduction in gold content of the United States dollar.• Quotation based on paper peso since Dec. 10,1933, instead of gold peso as formerly. Former equivalent to 44 percent of latter. See not8 on p. 56 of the March 1934

issue.AThe figures for "other" bonds and stocks held (book value) for the months of January and February 1934 shown as 611 and 616 million dollars, respectively, in the

monthly issues from May 1934 to April 1935 should read 514 for January and 518 for February.

August 1936 SURVEY OF CURRENT BUSINESS 29Monthly 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

1936

June

1935

June | July | August | **$£** | October | No™ rm-|

1936Janu-

aryFebru- I

ary |March April May

FIN AN CB—ContinuedMONETARY STATISTICS—ContinuedGold and money:

Gold:Monetary stocks, U. S mills, of dol—Movement, foreign:

Net release from earmark.thous. of dol—Exports - ——.thous. of dol _Imports thous. of dol

Net gold imports, including gold re-leased from earmark A*thous. of dol—

Production, Rand fine ounces—Receipts at mint, domesticfine ounces._

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

Exports— — thous. of dol—Imports thous. of dol—Price at New York.. dol. per fine oz—Production, world • thous. of fine oz—

Canada thous. of fine oz—Mexico - thous. of fine oz -United States — t h o u s . of fine oz—

stocks, refinery, end of month:United States thous. of fine oz—Canada thous. of fine oz—NET CORPORATION PROFITS

(Quarterly) fIndustrial corporations, total--mills, of dol—

Autos, parts and accessories—mills, of dol—Chemicals - mills, of dol—Food products and beverages-mills of dol...,Machinery and machine manufactures

mills, of dol—Metals and mining mills, of dol—Oil . ' mills, of dol—Steel —— mills, of dol—Miscellaneous . . . -mills, of dol—

Railways, class I (net operating income)mills, of dol—

Telephones (net op. income)—.mills, of dol—Other public utilities (net income)

mills, of dol-PUBLIC FINANCE (FEDERAL)

Debt, gross, end of month- „—_mills, of dol—Expenditures, total (incl. emergency) $

thous. of dol—Receipts, totalf .—...thous. of dol.

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

Income tax - .thous. of dol—Taxes from:*

Admissions to theaters, etc.thous. of dol—

Capital stock transfers, etc.thous. of dol—

Sales of produce (future delivery)thous, of dol—

Sales of radio sets, etc.— thous. of dol—Reconstruction Finance Corporation loans

outstanding, end of month:t§Grand total thous. of dol—

Total section 5 as amendedthous. of doL.

Bank and trust companies, includingreceivers thous. of dol—

Building and loan associationsthous. 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 Construc-

tion Act as amended-thous. of dol__Self-liquidating projects

thous. of dol..Financing of exports of agricultural

surpluses thous. of doL.Financing of agricultural commodi-

ties and livestock thous. of doL.Amounts made available for relief

and work relief- thous. of dol—Total Bank Conservation Act as

amended thous. of dol—Other loans and authorizations

thous. of dol—

10,514

-24,78177

277,851

252,993

"157^*081"6,062

19723,981

.448

1,450

5,293

1,151409

33,779

2,406,077564,16732,122

478,229303,087

1,532

1,565

185423

2,421,604

818,426

258,287

4,0265,115

123,175

388,432

39,391

628,682

168,489

47

163,732

296,414

821,704

152,792

9,025

998166

230,538

231,370889,026112,619

5,522

1,71710,444

.71915,1571,1485,4322,387

2,3511,930

147.668.824.216.0

7.33.06.64.6

17.1

110.048.3

42.4

28,701

930,747496,042

28,177427,906251,889

1,211

1,860

264200

2,743,818

1,134,216

477,885

9,73419, 202

145,427

414,344

67,624

614,723

146,455

14, 532

156,048

297,689

904, 663

90,216

9,128

- 4 2 359

16,287

15,805927,803167,667

5,550

1,54730,230

.68217,3091,1566,4543,352

1,9431,842

29,120

847,317301,88329,711

236,96223,963

1,277

1,623

262146

2,808,308

1,100,704

454,222

10, 20218,018

139,823

413,338

65,101

700,345

148,511

14,517

239,629

297,688

901,727

105,582

9,180

1,796102

46,085

47,779929,331155,793

5,576

2,00930,820

.66419,9271,7038,5533,170

1,4871,576

- -

29,033

701,774330,30137,127

229,63923,172

1,314

1,934

299319

2,819,378

1,080,559

440,289

9,18017, 524

136,093

413,350

64,123

724,740

154, 688

14,517

257,914

297, 621

902,309

111, 770

9,246

1,01586

156,805

157,734902,333173,899

5,651

1,47245,689

.65419,1111,1857,4443,548

1,6911,746

124.735.531 618.0

6.21.9

11.32.7

17.5

126.347.4

39.3

29,421

457,776586,33929,704

378,870230,227

1,174

2,925

282339

2,826,467

1,059,338

425,897

8,90917,137

132,127

412,903

62,365

746,799

168,259

14,300

267,141

297,099

904,025

116,305

9,545

-1,86476

314,424

313,484931,724191,898

5,704

26048,898

.65417,1211,0315,2374,008

1,0761,418

29,462

870,626288,867

33, 276192,21828,213

1,489

2,132

275643

2,807,892

1,029,436

409, 377

8, 3089,967

131,483

412, 805

57,496

751, 448

168,265

14,300

272,115

296, 768

906, 557

120,451

9,777

573242

210,810

211,141909,550149,144

5,770

51260,065

.65415,8541,3003,8443,814

5381,605

29,634

573,013284,63631,226

184,09621,753

1,867

2,894

367571

2,791,734

1,000,708

384,346

7,8089,344

131,003

412,765

55,442

758,389

173,138

14,300

274, 250

296,701

907,045

125, 592

10,072

1,250170

190,180

191,260906,496193,107

5,897

76947,603

.58422,7811,9419,6003,688

1,058658

199.875.141.619.6

7.44.0

10.114.627.4

175.753.3

49.7

30,557

694.383479,72229,123

275, 487228,999

1,755

3,818

263730

2,728,682

965,528

377, 551

7,2746,185

127,879

396,250

50,389

732,718

146,304

14,027

275,760

296,727

897,011

133,425

10,158

-1 ,745338

45,981

43,898924,081120,712

5,757

25358,483

.47319,5011,2446,8624,374

1,109570

30,516

487,274279, 55633,599

183, 76536,061

1,460

2,871

238601

2,741,437

928, 588

354,801

6,6996,060

126, 659

393,712

40,660

769,321

153, 667

14,027

305,001

296,626

904, 680

138,848

10,163

-9 ,50623,6377,002

-26,141894,624125,529

5,779

14117,536

.448«20,527

1,4147,1595,056

1,873730

30,520

517,044250,70533,087

185,00143, 610

1,405

4,033

202424

2,705,734

905,259

335,671

6,028

5,852

125,353

390,199

42,156

771,248

155,321

14,027

305,276

296, 625

887,629

141,598

10,172

9692,3157,795

6,449933,776156,435

5,857

2378,115

.448•21,159

1,8456,8405,329

1,757755

170.973.032.016.1

8.23.79.17.3

21.5

104.654.2

50.5

31,459

643,098779,52135,342

691,051404,209

1,255

3,911

165336

2,653,750

855,495

288,465

5,6315,750

124,767

389, 239

41,643

775,291

159,672

13,584

305,567

296,468

877,724

145,240

10,202

-15551

28,106

27,900912,639163,674

5,892

5354,490.449

a19,3971,4995,7835,046

1,834638

31,425

681,507258,759

32, 226202,78035,127

1, 266

2,992

174321

2,634,619

847,934

277,383

5,2335,231

125,347

394,168

40,572

760,622

163,601

47

300,538

296,436

877,591

148,472

10,324

-3 ,2465

169,957

166,706938,050181,140

5,918

2034,989.449

19,6951,276

4,754

1,316691

31,636

590,006274,41530,268

182,11034,517

1,319

2,357

230221

2,512,957

839,727

268,889

5,0195,180

127,511

393,154

39,974

650,437

172, 538

47

181,436

296,416

872,625

150,168

A Or exports (—)•. 1 Revised.•Data are compiled by the\ American Bureau of Metal Statistics and represent the estimated world output. The series for the period January 1928-August 1934 presented

in the SURVEY covered the principal producing countries which produced the following percentages of the world total: 1928, 87.9; 1929,87.1; 1930, 85.5; 1931, 82.0; 1932, 75.5;and 1933, 77.5.

& Series revised to include emergency expenditures. Figures as shown in SURVEY for months prior to May 1932 are comparable with this series. Comparable figuresfor the period May 1932 to March 1933 are on p. 33 of the June 1934 issue. Later data are shown in monthly issues.

IFor 1934 includes $2,808,221,138 for February, $2,233,252 for March, $409,052 for April, $298,868 for May, $213,447 for June, $272,163 for July, $268,204 for August, $134,843for September, $173,702 for October, $116,585 for November, $132,296 for December. For 1935 includes $123,639 for January, $68,241 for February, $157,326 for March, $89,144for April, $96,103 for May, $105,773 for June, $65,219 for July, $62,055 for August, $62,936 for September, $56,256 for October, $65,780 for November, and $70,889 for December.For 1936 include $80,222 for January, $43,460 for February. $58,427 for March, $155,254 for April, $42,102 for May, and $41,856 for June, representing the increment resultingfrom reduction in weight of the gold dollar.

*For earlier data on net gold imports see p. 20 of the December 1932 issue. For new series for internal revenue tax receipts from admissions to theaters, capital stocktransfers, and sales of radios, see p. 20 of the Feb. 1936 issue. For new series on sales of produce (future delivery), see p . 19 of the April 1936 issue.

§These figures exclude the following amounts, $499,650,000 relief grants to States under the Emergency Relief Act of 1933, $500,000,000 under the provisions of the Emer-gency Appropriation Act of 1935 approved June 19,1934, $500,000,000 under the provisions of the Emergency Relief Act of 1935 approved Apr. 8,1935 and other allocationsto Federal agencies.

t Revised series. All series of corporation profits revised for period 1928-35. For revised data see p. 20 of this issue. The data of the Reconstruction Finance Corpora-tion has been revised to include the statistics of certain loaning agencies of the Corporation not included heretofore and for revisions made in recent audits. Revised datafor February 1932-June 1935, inclusive, are shown on p. 20 of August 1935 issue. The data have been recently revised again, revisions not shown in the July 1936 issuewill appear in the 1936 Supplement.

30 SUEVEY OF CURKENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

FINANCE—Continued

CAPITAL FLOTATIONSNew Security Registrations Fully

Effective(Securities and Exchange Commission)

Estimated gross proceeds:*Total - thous. of do l -

Oommon stock..- thous. of dol~Preferred stock—.. -thous. of dol—Certificates of participation, etc.

thous. of dol—Debentures and short term notes

thous. of dol—Secured bonds. —thous. of dol—

Securities Issued(Commercial and Financial Chronicle)]

Total, all issues 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—Miscellaneous ..thous. of dol-

Farm loan and Gov't agencies*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 and Gov't agencies

thous. of dol_.Municipal, States, XJ. S. possessions,

etc thous. of doL.Foreign thous. of dol..

Refunding, total-. thous. of doL.Corporate- —thous. of doL.

Type of security, all issues:Bonds and notes, totals thous. of dol-

Corporate thous. of doL.Stocks.. .— . —thous . of dol_.

Bond BuyerState and municipals:

Permanent Gong term) thous. of dol_.Temporary (short term) __..thous. of doL.

COMMODITY MARKETSVolume of trading in futures:*

Wheat .—thous. of bu_.Corn thous. of bu..

SECURITY MARKETSPrices: B o n d s

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* (Stand. Stat.) (45) dollars..U. S. Government (Stand. Stat.)•.dollars-Foreign (N. Y. Trust) (40). .percent of par-

Sales on registered exchanges (Securitiesand Exchange Commission):*

Total on all exchanges:*Market value... thous. of dol-Par value.. thous. of dol_,

On New York Stock Exchange:?*Market value thous. of doL.Par value thous. of dol.,

Sales on the New York Exchange excl. ofstopped salest (Dow-Jones):

Par value:Total..— ^ thous. of doL

Liberty and Treasury bondsthous. of dol.

523,439120,48777,317

1,300

165,636159,700

731,166731,166

0527,630199,653

01,903

0

00

185,336106,79533,943

94,429109,107

217, 270217,270151,874

1,000

64,3960

513,896375,756

651,980448,44479,186

768, 278148,124

94.2497.6367.87

96.11

102. 09

127.15

72.31102.6110.463.76

283,772332,383

231,088271,044

2,586,314

2,135,000

192,63135,2474,514

29,488123,382

512,900512,900

0129,16428,500

000

00

88,16412,500

0

319,00064,736

55,45755,45713,676

41,7810

457,443115,488

512,900129,164

0

36,037

651,755219,502

91.6293.9480.17

81.08

83.35

89.87

115.07

57.1098.4

109.565.92

289,247377,319

210,737274,661

263,350

42,175

530,47577,42825,550

25,961

49,284352,253

644, 509644,509

0541,975173,433

000

00

338,591651

29,300

10,50092,034

127,127127,12755,090

72,0370

517,382486,885

611,276508,74233,233

94,33083,796

1,157,598192,253

91.7194.1279.74

81.95

86.97

91.81

116.65

56.0199.6109.864.49

283,146363,194

198,131256,235

235,675

23,471

254,0C224,98624,547

11,503

90,846102,181

437,127361,12776,000209,86292,378

05,6605,660

00

35,41273,4123,000

85,56265,703

148, 210148,21029, 795

85,262

33,1530

288,917180,067

412,765185,49924,362

52, 74332,941

917,282185,330

90.5493.0778.12

81.90

87.35

91.36

113.83

56.6099.2

109.162.36

323,438414,036

245,922306,890

73,674

319,87462,15116,714

6,235

77,749157,026

437,425437,425

0275,85494,707

0475475

00

164,17216,500

0

12,700148,871

172,745172, 74545,087

127,6580

264,679230,767

272,0273,827

115,11681,713

901,531136,306

89.9392.6576.73

81.82

88.87

92.08

113.83

55.5898.9

107.961.79

271,503333,012

217,726262,489

249,795

64,422

06,08725,42531,047

83,700

83,558182,357

368,121368,121

0252,39565,4994,000482482

00

180,6440

1,770

38,96276,764

148,462148,46273,003

15,000

60,4590

219,659179,392

349,500233,77418,621

70,228124,087

1,074,776197,332

90.2392.8477.62

79.51

89.77

92.61

112.55

51.3197.6107.862.71

302,178387,152

229,642291,123

275,727

51,997

289,77255,3097,080

1,605

31,786194,093

382,221382,221

0250,50332,750

0600600

00

217,15300

17,254114,464

119,794119, 79433,289

0

86,5050

262,426217,215

378,471246,7533,750

137,14516,061

626,949119,961

91.0893.6978.45

83.52

92.38

92.96

114.32

56.9398.9108.359.93

296,212405,138

217,954304,219

301,977

19,252

212,08541,28620,873

4,777

55, 219

462,422422,42240,000167,35554, 5042,000250250

00

83,34321,0906,168

121, 500133, 567

221, 207221, 20766,738

40,290

114,1790

241,216100,617

427,960132,89334,462

126,454

569, 673100,377

91.8594.4779.03

86.50

97.56

92.83

116.92

59.99100.0108.4

314,083448,712

239,442352,057

314,429

20,464

275,69627,2783,125

11,027

W19,3501214,916

410,824354,82456,000273,907150,589

50,3188,000

287, 571200,973

406,635273,907

93,636118,586

53, 744

93. 5996.1680.87

92.72

102.88

97.94

120.77

102.7108.863.93

443,264622,546

338,695492,214

476,137

33,118

212,08927,11331,464

13,708

41,12598,679

10,20097,165

106,739106,73913,473

4,000

0195,239181,141

280,815173f 45021,163

94,30822,800

321,63745,297

94.4497.2280.32

96.41

103.57

99.13

123.69

73.18104.3109.364.47

395,266511,12|

305,052402,610

175,145

10,000

583,39181,51928,793

7,442

130,921334,716

767,351743,85123,500594,853101,833

000

00

260,779223,3918,850

20,000128,999

129,527129, 52758,816

11,000

59,7110

637,824536,037

743,659594,85323,692

117, 78637,219

466,19352,161

94.479.7. 2679.76

96.50

101.76

97.51

126.34

74.32104.4110.063.54

336,206410,410

261,553

2,275,275

1,809,000

751,013168, 63853,973

35,373

113, 593379,436

1,020,032988,53231,500687,751

000

00

315, 587122,19713, 273

98,718102,063

176,672176,672127,879

0

48,7930

843,360559,872

955,533623, 25264,498

111,92074,814

800,68492,053

93.9096.6979.21

94.97

101.39

98.14

126. 22

70.70103.7110.262.87

251,878301,433

197, 277236,792

774,052

180,000

319,31988,91331,506

13,713

106,06979,118

413,359413,359

0304,993133,8224,8001480

00

116,09648,7271,400

9,67198,694

111, 571111, 57137,608

5,900

68,0630

301,788267,385

373,491265,125

96,42610,700

591,07980,460

93.8397.3867.47

94.88

101.09

98.14

126.90

70.43102.7110.362.16

208,596249,620

163,983197,217

231,827

. • .. • Revised*• Has included since July 1934 other than farm loan issues for which Treasury has acted as fiscal agent.* New series. Data on new security registrations fully effective for the period September 1934-December 1935 and volume of trading in futures for the period January

1921-December 1935 are shown on p. 20 of the March 1936 issue. New series on bond sales on all registered exchanges (market and par value) and on the New York StockExchange (par value) are shown on p. 20 of the April 1936 issue for the period October 1934-February 1936. Data on new series of prices of domestic bonds (45) and U. S.Government bond prices other than those shown above will appear in a subsequent issue.

X The difference in the figures covering bond sales on the New York Stock Exchange (par value) is due to stopped sales being included in the figures of the Securitiesand Exchange Commission (total) beginning April 1935.

% Data for the year 1935 revised by reporting source. See p. 35 of the April 1936 issue.

August 1936 SUEVEY OF CUERENT BUSINESS 31

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

FINANCE—ContinuedSECURITY MAKKETS—Continued

Bonds—ContinuedValue, issues listed on N. F, 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—Foreign issues.- mills, of dol..

Yields:Domestic (Standard Statistics) (60) t

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

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

Domestic, U. S. Government:U. S. Treasury bonds* percent..

Cash Dividend and Interest Paymentsand Bates

Dividend payments (N. Y. Times)thous. of dol—

Industrial and miscellaneousthous. of dol—

Railroad _ thous. of dol—Dividend payments and rates (Moody's):

Dividend payments, annual payments atcurrent rate (600 companies)

mills, of dol—Number of shares, adjusted millions—Dividend rate per share, weighted average

(600) dollars-Banks (21) „ dollars-Industrial (492) — dollars-Insurance (21) dollars-Public utilities (30) — dollars-Railroads (36) -dollars-

Prices: 8 t o c k s

Dow-Jones:Industrials (30)_. dol. per share-Public utilities (20). dol. per share-Railroads (20) dol. per share—

New York Times (50) dol. per share—Industrials (25) dol. per share..Railroads (25) dol. per share-

Standard Statistics (419)f -1926=100-Industrials (347) t - .1926=100-Public utilities (40 ) t——1926=100-Railroads (32) f 1926=100-Banks, N. Y. (19)f 1926=100-Fire insurance (18)f 1926=100—

Sales:Market value of shares sold:

All registered exchanges, total*thous. of dol—

On New York Stock Exchange*Volume of shares sold: t n o u s - o f d o l ~

On all registered exchanges, total*thous. of shares..

On New York stock exchange: tTotal (See. and Exch. Com.)

thous. of shares-Total excl. of odd lot and stopped sales

(New York Times)..thous. of shares-Values, and shares listed, N. Y. S. E.:

Market value alllisted shares_mills. of dol—Number of shares listed millions—

Yields: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— number.

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

44,16439,1275,03641,61938,2013,418

3.944.442.724.034.56

2.99

2.50

237, 65526,175

1,397. 4923.92

1.513.001.412.031.861.21

155.232,347.0

124. 28211. 6936.88105.6120. 6102.047.765.095.2

1,164,147

1,002,190

43,937

31,897

21,428

50,9121,340

5.04

649,8767,804

43, 51136,1727,339

33,9805,884

4.264.633.254.344.82

3.31

2.61

219,253

193,84825,405

1,186.9918.42

1.293.191.102.171.841.24

116.921.432.595.83166.0326.6375.587.469.832.449.883.2

987,346

852,493

41,822

31,490

22,340

36,2271,304

5.22

671,3247,847

231,9703,145

190,3754,02119.55

43,026

7,33239,45733,5975,860

4.134.532.954.234.81

3.25

2.59

145,777

132,17413,603

1,190.2918.42

1.303.191.112.231.831.21

122.722.533.698.91171.7826.0578.891.273.333.856.889.7

1,138,644

990,281

48,696

37,782

29,429

38,9131,308

5.19

43,14535,8257,320

33,3435,719

4.134.542.874.234.88

3.34

2.66

256,594

239,56117,033

1,225.0918.42

1.333.191.162. 231.831.21

127.125.935,4

102.59177.2227.9683.095.080.635.861.793.3

1,610,330

1,392,860

79,180

60,372

42,923

39,8011,307

5.17

42,67135,3917,28038,37532,7895,586

4.204.543.084.264.90

3.51

2.78

185,306

181,9973,308

1,230.6918.42

1.342.991.172.231.831.21

131.525.736.0

105.78183.2028.3785.097.581.937.056.693.0

1,407,019

1,241,475

59,433

46,531

34,748

40,4791,307

5.19

664,0957,816

3,126187,5333,97920.40

42,30335,0547,24938,17132,5435,627

4.284.513.164.315.12

3.34

2.77

157,809

151,0556,754

1,243. 7918. 42

1.352.991.192.231.831.21

130.426.033.8

108.16189. 5826.7485.298.581.034.365.892.8

1,912,161

1,659,690

81,106

62,555

46,663

43,0021,307

5.19

42,23234,9877,24538,46532,7815,684

4.184.423.024.155.12

3.23

2.73

398,021

369,27928,742

1,296. 5923.92

1.402.971.262.231.831.24

144.328.937.0

113.80197.6329.9793.3107.490.137.663.596.0

2,250,677

1,952,075

99,864

77,474

57,463

44,9511,309

5.12

42,89335,6197,27439,39933,6505,749

4.114.442.974,174.87

3.25

2.73

301,403

280,60920,794

1,298.7923.92

1.412.981.262.371.861.21

141.828.840.3

•111.27190.8631.6995.3109.291.641.469.1101.7

1,979,149

1,738,247

82,870

63,344

45,590

46,9461,318

5.11

657,6517,825

227,2513,111

184, 6803,92521.56

43,11335,851|7,26340,34834,4755,873

3.994.292.934.094.63

3.11

2.68

228,328

184,03544,035

1,311.5923.92

1.422.981.282.391.861.21

145.930.943.3

116.06197.6734.46100.1114.597.043.870.5107.5

2,439,219

2,069,564

119,592

87,502

67,211

50,1651,321

5.10

43,01535,9347,08240,62534,9365,688

3.904.272.864.044.43

3.04

2.62

273,649

259,48714,162

1,337.2923.92

1.452.981.322.391.861.21

151.832.548.5

120.00201.1738.84106.1120.9102.849.165.8106.8

2,503.129

2,140,084

120,963

85,305

60,871

50,2021,323

5.05

44,25537,1967,05941,80736,1775,630

3.874.322.784.014.37

3.03

2.54

200,042

192,3247,718

1,345.5923.92

1.462.981.332.391.861.21

155.930.948.0

120.95203.9737.94108.7124. 6102.849.266.4102.1

2,429,960

2,092,308

101,923

75,532

51,025

51,6681,330

5.02

653,4357,859

225,1203,101

181,4933,87021.75

44,22337,1507,07341,52535,9225,603

3.904.382.764.004.45

3.12

2.51

162,174

155, 5196,655

1,355.8923.92

1.472.981.342.391.861.21

155.831.747.2

121. 63206.1437.10108.9125.3101.548.964.196.8

1,936,193

1,679,839

77,916

56,935

39,616

47,7741,337

42,25537,2425,01339,64836,2663,382

3.944.452.764.044.52

3.00

2.50

409, 552

375,03534, 517

1,3:85.2923.92

1.502.981.382.391.861.21

149.330.044.5

119. 46203.3635.57101.0116.294.745.062.694.2

1,223,444

1,077,672

« 47,110

35,943

20,615

49,9981,339

5.06

FOREIGN TRADE

49

5559

62

4052

3135

45

5049

51

4458

3337

46

5255

59

3954

3337

45

4952

54

3644

3535

52

5050

53

6459

5248

58

4859

58

8764

6153

71

6252

52

12898

7468

59

5658

58

9676

4945

52

5158

57

6457

4342

48

5360

60

5155

3740

51

5162

55

5152

4141

51

5363

58

4452

3436

Exports, unadjusted —1923-25=100-Exports, adjusted for seasonal variation

1923-25=100-Imports, unadjusted 1923-25-100—Imports, adjusted for seasonal variation

Quantity exports: 1923-25=100-Total, agricultural products:

Unadjusted 1910-14=100-Adjusted* - 1910-14=100-

Total, excluding cotton:Unadjusted - 1910-14=100. „Adjusted* - 1910-14=-100-• Revised.• 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)

for years 1926-34; for data for years 1919-25 see p. 20 of the November 1935 issue. Series on stock sales on all registered exchanges and on the New York Stock Exchangeas compiled by the Securities and Exchange Commission for the period October 1934-February 1936 are shown on p. 20 of the April 1936 issue. For quantity exportsadjusted for seasonal variation for the period July 1914-August 1935 see p. 18 of the October 1935 issue.

t For earlier data on yield of domestic and municipal bonds see pp. 19 and 33 of the April 1933 issue. Data covering the Standard Statistics indexes of stock prices havebeen revised. The revision, however, did not change the indexes materially. Revised data not shown above will appear in the 1936 Supplement.

t The difference in the figures covering the volume of stock sales on the New York Stock Exchange since April 1935 is due to stopped and odd lot sales beingincluded in the figures of the Securities and Exchange Commission. These are excluded in the figures reported by the New York Times.

53

5669

58

45543335

32 SURVEY OF CURRENT BUSINESS August 1936

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.

1936

Juno

1935 '

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

FOREIGN TRADE—Continued

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—Gerraany ....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 dol—Brazil - thous. of dol—Chile —thous. of dol -

By economic classes:Exports, domestic .—thous. of dol—

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

Foodstuffs, total. —thous. of doL.Foodstuffs, crude thous. of dol—Foodstuffs, mfgd thous. of dol—

Fruits and prep mills, of dol—Meats and fats mills, of dol—Wheat and flour mills, of dol—

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

Autos and parts. _ mills, of dol—Gasoline— mills, of dol—Machinery— mills, of dol—

Imports, total #<?— thous. of dol -Imports for consumption* thous. of dol—By grand divisions and countries: #c?

Africa - thous. of dol—Asia and Oceania... thous. of dol—

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

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

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

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

184,908

8,62838, 76613, 62769,4008,8936, 5414,299

27,06835,49834,87516, 7895,800

15,8284,6623,757

982

180, 60139,310

19.714, 5094,402

10,1074.14.01.3

34,10792, 674

19.14.0

26.0190,387193, 621

,

- --

54, 61222,89336,065'43,05636,991

170,193

7,92733,32514,10869,3808,7417,0275,565

21,92428,17027, 72317,3426,368

14,0484,3833,4741,209

167,22640,600

23.415,4674,014

11,4535.63.31.1

28,91482,246

20.16.4

20.6156,756155,314

3,08545,74310,44143,2324,3405,3382,503

11,15323,38922,56318,1123,080

21,7536,3366,0441,860

43,73323,07826,34231,71530,446

173,371

9,21131,59811,86469, 7227,3456,3485,167

24,30630,14129, 67917,6246,004

15,0644,6223,7331,432

168,00638,340

19.215,3365,220

10,1166.43.31.1

28,13586,196

19.46.3

23.3177,698174,162

3,09855,35211,49643,8493,6105,1092,223

12,38924,48023,77322,5873,267

24,7956,6118,3841,657

53,02924,23232,29132,10632, 504

172, 204

9,95029,47511, 68072,5907,8245,5535,596

32,28028,61127,98616,2164,758

15,3634,9163,5961,069

169,76140,875

16.615,6294,788

10,8416.63.21.2

31,01882,239

15.75.8

23.9169, 030180,444

3,12952,11212,83946, 6354,5576,4912,795

11, 71123,90523,26632,359

2,97922,3046, 6877,394

712

50,21224,72638,84931, 29035,367

198,189

6,27937,40016,99696,926

7,3168,8914,796

53,51328,06327,41815,7004,916

13,8214,1433,1961,283

195,53768, 677

31.822,3997,074

15,32511.8

2.61.3

29,30975,152

13.36.1

20.5161,653168,689

2,42452,38013,88852,9154,7967,3262,924

14,89527,33426,70811,8453,014

21,7914,9708,2051,515

49,84423,65320,74238,42236, 027

221,238

8,87834,14316,402

115,31510,7469,8856,529

59,09831,08430,34918,0905,817

13, 7283,4363,4141,089

218.13882,604

45.923,6957,974

15, 72112.52.81.5

30,29181, 548

14.15.1

23.5189,240189,688

2,57957,31916, 59465,0537,5657,7024,723

15,82029,74128,57310,1833,227

24,8135, 2519,9341,344

55,39829,49222,25638,58743,955

269,310

9,42751,05826,945

144, 51018,81714,3639,125

62,48128,17027,47318,6285,353

17,5174,9484,5371,698

266,730112,678

75.126,7805,925

20,85513.8

4.21.4

34,31992,953

21.96.7

25.5169,386162,808

3,23546,23014,10655,0095,4336,7384,528

14, 21427, 25826,5768,9883,048

22,0894,4988,5302,424

46, 04524,94218,90936,30536,606

223, 514

9,09350, 94626,885

110,18315, 70112,3277,944

41,82322, Ifl721,76017,7296,025

13,4063,5563,2761,216

220,97782,685

56.819,6975,169

14,5289.43.31.2

31,70286,894

19.77.5

22.5186,864179,586

3,71455,69314,21356,0195,1688,1523,553

13,57727, 90127,32011,1394,220

25,1215,1549,4141,969

55, 73727,11617,71242, 76836, 253

197,958

7,70040, 29018, 75391,66911,6667,1365,420

37,86327,39026, 99016,6935,642

14,2173,7843,9501,193

195,08559, 770

35.715,8634,349

11, 5146.33.31.3

28,62190,831

22.15.1

25.5187,440186,351

4,21256,97715,08653,4935,5395,7292,749

15, 99024, 67524,27223,2893,860

23, 7044,8629,1581,421

58,41226,54328,73339, 69932,964

181,838

8,30732, 55313, 25183,6979,7948,8037,571

32,30425, 63825, 27516,2815,277

15,3614,1544,2141,254

179,19550, 054

26.614,7634,020

10, 7436.32.91.2

28, 31986, 059

22.13.6

24.6192, 776189, 589

4,48358, 59014,43551, 6124,3215,6502,586

16,13223,02022,92624,6364,688

27,2474,638

11, 0533,787

58, 61328, 74531,54740, 06030, 625

194,792

10,55338,33216, 40182,9328,3889,4895,891

32,01227,94527,35619,5936,395

15,4383,8764,1091, 274

192,08144,486

26.316,8485,087

11, 7616.83.51.4

32,09698,652

24.03.3

27.9198,686194, 28]

4,93657,43512,92655,491

5,3476,7402,947

16. 73027,22226,83624,252

5,09424,9455,1089,4662,748

57, 74931,22132,33836,12736,847

192, 629

9,21539, 33716, 21178, 2479,3117,7874,827

27, 95432,12831, 55717, 9025,932

15, 8014,0313,7041, 562

189, 40840, 431

22.814,1994,9499,250

5.53.31.4

33, 802100,976

23.05.1

30.7202, 789199, 787

5,80165, 67113, 28651, 6374,5385, 8703,017

14,71226, 92326, 71025, 82$i 826

23, 9255,2237,2163,442

62/07628. 69037, 0353.7, 57734, 409

200, 666

9,32638, 90214, 68078, 0977,3017,2405,69730.45037, 50036, 69318, 5356,243

18, 3064, 5074,4751,676

196,91342, 62722.9

15, 9254, 621

11, 3045.34.2•1.5

35,115103, 245

22.55.629.6

191,110188, 421

4,23658,85712,16353, 7224,3565,7413,28614,51329,12728, 74422,8003,82919, 6713.8275,8632,867

55, 07121, 759.34, 08038, 45639, 050

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATIONExpress Operations

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

Electric Street RailwaysFares, average (268 cities)— cents,..Passengers carriedf - thousands-Operating revenues! _thous. of doL.

Steam RailwaysFreight carloading (F. R. B.):

Index, unadjusted 1923-25=100-Coal — 1 9 2 3 - 2 5 = 1 0 0 - .C o k e — 1923-25=100-Forest products 1923-25=100-Grain and products- 1923-25=100..Livestock -.1923-25=100-Merchandise, 1. c. 1 1923-25=100-Ore 1923-25=100-Miscellaneous.. 1923-25=100-

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

8.092758, 943

72616948773566

13083707075468941667279

7, 593134

8.120693, 542

50, 929

637249375630648367638354356435644664

7,619136

8.101663,34849,041

604840386930638767585446395836644863

7,671139

8.101662, 69549,244

645643429039648768605848407544645162

8,053142

8.101685,43050,323

706656449054679077626157427445655565

8,029137

8.101764,55855,442

737661437863677982646760427047645670

7,936140

8.101742, 270

53, 788

677462396950663276666761406544644677

8,586141

8.101799,78758,138

627973376139621467717468456239665886

7,745143

8.101797,24257,874

638880386739601563707873427038646279

7,706127

8.101780,142

56, 443

65106

89376631601563709779366833626274

8,245126

8.100814,298. 58, 752

626056427235631573666355408541626477

8,396123

8.092790, 696

57, 627

666458426638652779697761408641635377

8.092788,30757,426

7165704669376610783707370448539647180

3 Data revised for 1933. See p. 20 of the October 1934 issue; for 1934 revisions, see p. 20 of the December 1935 issue.# Beginning with January 1934, import data represent imports for consumption (goods entering consumption channels immediately upon arrival, plus withdrawals for

consumption from bonded warehouses) and are not comparable with earlier figures, which consist of general imports (goods entered for storage in bonded warehouses, plusgoods entering consumption channels upon arrival in the U. S.).

t Revised series. Data for January 1929-May 1935, inclusive, on electric railway passengers carried and operating revenues for January 1932-Apri] 1935, inclusive, areshown on p. 19 of the August 1935 issue. Data on electric railway passengers carried through December 1935 are based on estimates for 210 companies, and for 1936 onestimates for 214 companies.

* New series. Data prior to April 1933 on value of imports for consumption will be shown in a subsequent issue.§ Data revised for 1932. See p. 34 of the March 1933 issue. Other revisions for the year 1932 were shown on p. 34 of the April, May, December 1933, and January 1934

•senssj For revised data for months of 1933, see p. 20 of the September 1934 issue, and for 1934, revisions, see p. 19 of the December 1935 issue.

August 1936 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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION—ContinuedSteam Railways—Continued

Freight carloading (A. A. R.):Total carsK___ thousands..

Coal— - ._„. thousands,.Coke — thousands-.Forest products.„ thousands..Grain and products.,-—.__.thousands-Livestock . ....thousands..Merchandise, 1. c. L - thousands-Ore. —— thousands..Miscellaneous ..thousands..

Freight-car surplus, total ..thousands..Box . thousands..Coal thousands-

Financial operations (class I railways):Operating revenuesf.., thous. of doL.

Freightf - ~ thous. of dol..Passengerf thous. of doL.

Operating expenses! thous. of doL.Net railway operating incomet

thous. of doL.Operating results (class I railways):

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

Waterway TrafficCanals:

Cape Cod - thous. of short tons..New York State thous. of short tons..Panama, totalf— thous. of long tons..

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

Rivers:Allegheny thous. of short tons_.Mississippi (Government barges)#

thous. of short tons..Monongahela thous. of short tons..

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

Ocean trafflc:fClearances, vessels in foreign trade

thous, of net tons..Foreign ...thous. of net tons..United States thous. of net tons..

Shipbuilding. • (See Trans. Equip/

TravelAirplane travel:

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

Hotel business:Average sale per occupied room •.dollars-Rooms occupied percent of tota l -

Foreign travel:Arrivals, U. S. citizens number..Departures, XJ. S. citizens.. number-Emigrants ;•_ . . . number -Immigrants. . number-Passports issued number-

National parks:Visitors number..

. Automobiles . number..Pullman Co.:

Passengers carried thousands-Revenues, total thous. of dol..

COMMUNICATIONS

Telephones:*Operating revenues .thous. of doL.

Station revenues . . thous. of dol..Tolls, message thous. of doL.

Operating expenses thous. of doi_.Net operating income thous. of dol_.Telephones in service, end of mo.

thousands..Telegraphs and cables:

Operating revenues thous. of dol-Commercial telegraph tolls.thous. of dol..Operating expenses thous. of dol..Operating income -thous. of dol..

2,78742633

13914047

649202

1,1511709044

268,54234,845241,812

50,313

228616

2,460989

1,2079,835

1,444

367

1552,457

1,319

6,1344,1212,013

701,1425,62097,45340,252

2.9764

21,03822,7323,0082, 52731,305

« 2,466«504«23

«107°104°40

<*625«131

«1,12627217550

'281,328'225,759«31,049'216,550

34,025

25,933.974

1,594

227482

2,081862882

7,0582,1351,072

229619

1,778715

1,0077,5031,9581,128

273

1331,561

881

5,9583,8522,106

330,9704,99373,89631,226

2.8658

19, 51919,3422,4122,81724,879

317,18284,368

1,3094,220

81,75754,00620,56957,44316,025

14,335

9,3727,2687,8241,156

2,229318191061203960113189429617873

275,349220,49031,604217,931

26,851

23,1671.0591,710

293

1431,271

6,3794,0992,280

335,7625,60585,54634,042

2.8756

26,63831,3762,8842,52413,546

664,422158,005

1,2864,210

82,06353,18721,52459,68314,401

14,323

9,2247,1617,942894

3,102491- 2615221164

798171

1,18924515253

294,018234,98633,849221,238

42,074

25,9361.0051,855

206576

2,019848

1,0247,731

1,334

238

1461,491

967

6,7914,4362,355

392,2125,75689,58135,732

2.9857

51,93051,5124,1113,7117,587

723,320183,171

1,4254,374

82,36052,90922,18958,25516,036

14,350

7,4407,9591,219

2,6324462612416269641135

1,029229133

249,92630,820218,040

57,359

27,715.9831,660

202574

1,994907983

7,1481,9561,180

200

1431,239

782

5,7863,8311,955

417,223

77,37032,024

2.94

50,17739,0074,4303,6794,814

72,731

1,3644,251

82,65353,92321,40257,39416,966

14,446

9,3757,1987,6821,306

5443012614887667130

1,15020812548

341,018284,614

232,516

75,425

31,200.9991,475

270800

2,229983992

7,4542,225°1,150

226

1541,414

880

5,5803,6701,910

488,0195,28870,92428,788

2.9964

27,47924,1593,3824,2884,174

77,72318,141

1,2784,143

56,24522,63059,32118,529

14,512

9,8307,5457,9891,452

3,179625361371578478867

1,28425214365

301,331248,14627,848218,583

54,234

27,468.9881,436

6552,050843865

4,0872,9551,313

267

1491,707

956

5,1623,3311,831

361,8394,30150,53420,837

3.1261

14,20219,6783,7082,8564,202

41,2107,828

1,2463,864

85,33056,73221,21359, 74117,386

14,568

6,8827,7081,002

2,319522331041095158621892271155

296,225225,82634,374234,053

46,040

26,175.9871,787

02,18885244440

2,029167

191

1,664

834

4,3512,9481,403

400,0614,42953,50723,046

2.9556

13,64812,7812,9842,7974,121

36,1127,020

1,4094,094

86,11156,05522,31460,68517,367

14,621

10,2457,9518,4751,377

2,35358737104121525662386423113847

299,099241,16034,102231,779

35,765

27,858.9601,695

2240

2,14977500

2,0430

112

1,270

635

3,5213,1841,337

354,3014,24544,06118,983

2.94

16,67417,1302,9802,5405,098

12,967

1,5335,035

86,78357,16721,89559,49817, 291

14.770

9,2237,1208,050744

3,135906541341515373028

1,07817110422

300,459245,14531,902235,906

33,595

« 29,153.9311,582

810

2,15581300

1,8640

102547

4,3053,0491,256

353, 2933,95841, 33018,122

. 3.01

20,99121,1891,9262,2524,918

68,89410,899

1,3594,326

85,36456,32921,27157,64917,746

14,839

8,9786,8517,793760

2,419423271221364862224

1,01720510461

308,304251,82130,516236,579

35, 206

• 27,992.9941,539

2000

2,63498100

2,1490

56

1401,327

520

4,6393,2251,414

535,7364,86070,92633,730

2.8965

30,67826,0812,1082,5918,071

98,79113,328

1,3124,479

88,90957,59423,45959, 58219,165

14,921

10,0467,7578,2881,326

2,545445281211235064735

1,0961799742

313, 410256,32230, 653235, 073

ttl, 548

28,1451.0151,578

227228

2,4301,02318737

2,09195

226

1881,928

4,8723,3291,542

483,5054, 88571,44930, 326

3.00

24,80824,1492,1343, 01615, 509

98,85617,814

1,3534,438

88, 75457, 66723, 29859, 54318,818

15, 004

9,9967,7428,1561,407

3,3525574116215661

795187

1,39418510541

320,966262,72730,351240,234

41,842

270568

2,420940

1,3008, 7102,2151,618

365

«2002,361

1,246

6,0573,9012,155

483,7985,511

96, 36840, 097

2.8564

20,01021,6862,6433,067

27, 725

163,49341, 684

1,2954,163

57,86423,48659, 61419,182

15,008

9,9077,7878,3021,292

* Revised. # Includes tonnage in both upper and lower Mississippi River. Revised figures prior to December 1934 will be shown in subsequent issue.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. For

revisions of data for clearances of vessels in foreign trade, see p. 36 of the September 1934 issue. For revisions on Panama Canal from August 1914 to June 1935, see p. 19of the September 1935 issue.

* New series. Data on airplane travel covers scheduled air lines operating in United States. For data on passengers carried for period of 1926 to 1933 and passenger-milesflown from 1930 to 1933, see p. 20 of the February 1934 issue. For data on miles flown and express carried from 1926 through 1933, see p. 19 of the January 1935 issue. Newseries on telephones as compiled by Federal Communications Commission. Data supersede those published in previous issues of the Survey which covered all carriershaving annual operating revenues in excess of $250,000; presen,t series for 1934 and 1935 are for 57 carriers representing about 95 percent of all carriers according to the 1932census, based on revenues for all companies. Beginning January 1936, data are for 62 carriers representing about 95 percent. Revised data for 62 companies for 1935 areas follows: Total operating revenues, January $81,778,000, February $78,142,000, March $81,514,000; station revenues, January $54,859,000, February $53,021,000, March$54,312,000; message tolls, ' "*" " " ~ "" " """ " ~ " ~" " * " * *""net operating income, Jam _„ __,__., __,

1 This figure covers room revenue only.1 Data for June, August, November 1935 and February and May 1936 are for 5 weeks; other months, 4 weeks.

i follows: Total operating revenues, January $81,778,000, February $78,142,000, March $81,514,000; station revenues, January $54,859,000, February $53,021,000, March14,312,000; message tolls, January $19,862,000, February $18,005,000, March $20,131,000; operating expenses, January $58,003,000, February $55,595,000, March $57,478,000;Jt operating income, January $15,467,000, February $14,316,000, March $15,882,000; stations in service, end of month, January 14,246,000, February 14,285,000, March 14,334,000.

• This fifflire covers room rAvnniiA nniv

34 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

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 gal-Stocks, warehoused, end of month

thous. of proof gal-Withdrawn for denaturing

thous. of proof gal-Tax paid* thous. of proof gal—

Methanol:Exports, refined- gallons-Price, refined, wholesale, N. Y.

dol. per gal-Production:

Crude (wood distilled) *f A—gallons-Synthetie gallons..

Explosives:Shipments! thous. of lb_.

Sulphur and sulphuric acid:Sulphur, production (quarterly)*

long tons—Sulphuric acid (104 plants):

Consumed in production offertilizer .short tons-

Price, wholesale, 66°, at worksdol. 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, total! — l o n g tons—Nitrogenous! - long tons—Phosphate materials! long tons. .Prepared fertilizers long t o n s -

Imports, totalf#. „ long tons. .Nitrogenousf —— long tons. .

Nitrate of sodaf-— —long tons. .Phosphates! — long tons. .Potash! long t o n s -

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

Superphosphate, bulk:Production— _—._—short t o n s -Shipments to consumers short tons—Stocks, end of month —short tons—

NAVAL STORESPine oil:

Production.. . gallons.-Rosin, gum:

Price, wholesale " B " , N . Y_. _dol. per bbl—Receipts, net 3 ports bbl. (500 lb.)._Stocks, 3 ports, end of month.bbl. (500 lb)—

Rosin, wood:Production bbl. (500 l b . ) -Stocks, end of month .bbl. (500 lb.)._

Turpentine, gum:Price, wholesale, N . Y dol. per g a l -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 BYPRODUCTS

Animal fats and byproducts and fish oils(quarterly):

Animal fats: !Consumption, factory..——thous. of lb—Production.. thous. of lb—Stock, end of quarter ..thous. of lb—

Gelatin, edible:Production thous. of lbStocks, end of quarter thous. of lb—

Greases: !Consumption, factory thous. of lb—Production thous. of lb—Stocks, end of quarter..—.thous. of lb—

Lard compounds and substitutes: !Production thous. of lb-_Stocks, end of quarter—thous. of lb—

95,168

15.50122, 681

15,43726,922

18,12949,744

84101,9237,400

89,691158

75,88858,86636,2164,6196,065

1.325

225,48545,817721,243

371,036

5.1297,781156,592

52,41892,945

.4027,418150,141

8,0937,492

5,6568,853

5,5365, 6511,793

14,611

24,468

9,3981,642

66,077

.38

385,4721,198,186

22,193

271,452

75,69015.50

99,176

16,83020,862

25,38134,382

6663,4025,24450,637

17969,78737,14116,9185,60823,436

1.275

167,09524,973870,835

4.64110,998272,312

47,29391,477

.5032,128103,831

6,7873,278

212, 053306,659

5,052

51,14664,91663,732

293,42529,747

7,2138,1922,750

16,704

26,055

14,046

1,771

55,125

.38379,3091,278,505

22,189

16,646

25,852

14,6321,676

36,422

403,0201,389,812

23,957

94,980

15. 50110,249

27,71423,334

40,739

17102,46715,31977,054

42143,17420,8992,2001,35019,909

1.275

205,10519,396

914,169

373,417

4.85124,401311,355

47,65189,015

.4835,293122,631

7,2612,997

8,3598,580

99,673

15.50123,209

35,57310,632

28,51648,404

44153,31639,752110,633

23534,80020,6402,7421,24810,797

1.275

221,77216,422

979,038

354,389

4.83120,950324,539

48,06386,730

.4631,136131,960

7,3242,910

10,06410,211

19,607

25,501

17,6601,911

51,490

.38

405,0341,539,554

27,940

352,690

101,70815.50

130,260

35,74212, 111

17,94717,1602,351

16,954

29,1932,445

102,296

.38

454,233

29,498

10,81610,2971,836

19,729

16,688

17,5092,223

39,230

478,4742,373,475

26,876

131,441

15.50149,729

46,717

95208,79728,507172,4252,18151,31732,7949,9611,206

12,074

1.275

226,31782,059

1,013,399

335,318

5.1888,784310,697

47,38886,485

.4518,798131,273

7,5502,937

203,048275,430361,160

2,8536,841

45,32464,39966,856

457,595 —32,575

17,540

28,03150,802

151161,95534,219115,7971,306

71,95639,95110,6414,10421,704

1.275

281,89287,313

1,102,407

323,125

5.5093,917306,658

43,71976,311

20,646134,539

6,910

125,496

15.50153,792

35,13418,946

29,52545,478

86153,46736,216104,520

186155,68650,97022,2564,16670,791

1.275

288,30729,178

1,199,542

336,178

5.6195,860334,226

47,21472,861

.4920,101142,625

7,4744,001

7,9507,7361,632

17,190

18,461

12,9211,903

63,733

478,3311,654,794

25,509

374,276

132,508

15.50172,823

30,18522,402

51,116

124137,75417,723114,438

62143,58075,30138,5288,07556,899

1.275

320,80028,438

1,217,767

303,625

5.2875, 552315,021

43,89472,901

.4713,350145,216

7,3555,531

210,541319,916364, 010

5,3237,987

52,12168,94263,645

469,67439,890

6,1436,2071,739

13,179

19,386

10,4331,840

105,895

,38

494,0811,418,863

28,492

5,9545,9391,718

12,747

20,315

9,8601,649

40,843

.38

494,1441,540,171

28,825

125,730

15.50156,878

24,93222,193

35,00747,163

341164,45834,025112,8021,233

149.47389,53832,6424,29953,097

1.275

298,07333,163

1,190,315

4.9141,226271,749

52,15680,278

.483,808

135,959

9,0428,553

117,864

15.50152.860

13,35215, 111

20,92137,170

545149,917

105,420276

218,892165,55592,739

43,885

1.285

259,37454,687

1,137,700

354,433

4.6823,348222,638

52,69383,021

.471,442

125,285

8,74011,582

& 5,548* 5, 598& 1, 720b 13,8996 21,894

*> 9,3672,054

73,349

.38

476, 4961,631,832

25,514

106, 785

15.50141,339

15,72215,988

22, 30754,306

1,402178,78931,552133, 762

139173,708134,40662,1154,25231, 749

1.325

257, 728238,498953,739

346,676

4.4532, 002156,291

51,32683,346

.424,800

114, 789

8,58010,733

176,605384,461391,123

5,5978,590

46,81371,68068,243

333,20036,797

6 5,901» 5,9536 1,777

* 11,948

& 21,224

*>9,9742,441

41,915

.38

426,3131,692,921

27,483

81,921

15. 50119,565

10,72112,273

13,25855,451

1,023117,62817,51591,481

301189,085149,968100,9823,36828,553

1,325

216,558219,340742,105

374, 585

4.5158,894144, 782

54,20987,257

.4015,15799,320

8,66210,610

& 7,577& 2, 517

& 14,537

* 20,425

& 12,9881,989

40,897

427,0791754,998

m30,394

15.50126,419

13,51816,725

20,87053,492

249144,81119,767116,448

85140,334107,82869,7337,3488,677

1,325

203,945119,612702,335

368,304

4.5082,736144,258

53,64093,152

23,47099,562

8,6369,275

b Figures of two industrial alcohol establishments In Puerto Rico are not included in the totals since February 1936. These establishments represented 2 percentof the production of ethyl alchol and 12 percent of the production of denatured alchol in 1935.

* New series. For earlier data see p. 20 of the April 1935 issue (alcohol withdrawn tax paid), p. 20 of the April 1933 issue (crude methanol). This series for productionrevised for 1934 and 1935. Revisions not shown above will be published in a subsequent issue.

! Revised series, see p. 36 of the June 1933 issue, for 1932 revisions, exports and imports of fertilizer; for 1933 revisions on exports see p. 29 of the September 1934 issue;for 1934 revisions see p. 19 of the December 1935 issue; for revised data for crude methanol production for 1933, see p. 36 of the May 1934 issue. Quarterly data on fats and oilsfor the years 1932 and 1933 were shown on p. 19 of the March 1935 issue; for 1934 on p. 19 of the November 1935 issue. For revised series on explosives for period January1920-October 1933 see p. 19 of the January 1934 issue. *

A The refined equivalent of crude production is approximately 82 percent.• Texas only. Louisiana produced 23 percent of the United States production in 1933,16 percent in 1934, and 23 percent in 1935.f Figures since January 1922 revised due to dropping of Missouri from Southern States classification. See p. 19 of the January 1934 issue.# See footnote on p. 37 of this issue. Monthly revisions for 1933 are shown on p. 20 of the October 1934 issue: for 1934 revisions see p. 20 of the December 1935 issue.

August 1936 SURVEY OF CURRENT BUSINESS 35

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1982 Annual Supplement to the Survey

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

CHEMICALS AND ALLIED PRODUCTS—Continued

OILS, FATS, AND BYPRODUCTS—Con.

Animal fats and byproducts and fish oils-Continued.

Fish oils (quarterly) :fConsumption, factory thous. of lb .Production thous. of lb—Stocks, end of quarter—-—thous. of lb—

Vegetable oils and products:Vegetable oils, total:

Consumption, factory (quarterly) tthous. of lb

Exports.. thous. of lb._Importsf# - —thous. of lb—Production (quarterly)t thous. of lb__Stocks, end of quarter:!

Crude ;—- thous. of lb—Refined «.— thous. of lb—

Copra and coconut oils:Copra:

Consumption, factory (quarterly)short tons—

Imports^ - - - short tonsStocks, end of quarter short tons—

Coconut or copra oil:Consumption, factory:

Crude (quarterly) f thous. of lb . .Refined, total (quarterly) t

thous. of lbIn oleomargarine thous. of lb. .

Imports# - —thous. of lb—Production (quarterly):

Crude - —thous. of lb . .Refined -thous. of lb—

Stocks, end of quarter:!Crude.— „__ __ _.thous. of lb. .Refined ——thous . of lb—

Cottonseed and products:Cottonseed:!

Consumption (crush) short tons..Receipts at mills short tons—Stock at mills, end of month

short tons..Cottonseed cake and meal:

Exportsf - short tonsProduction ...short tons..Stocks at mills, end of month

short tons—Cottonseed oil, crude:!

Production thous. of lb. .Stocks, end of month thous. of lb._

Cottonseed oil, refined:Consumption, factory (quarterly) f

thous. of lbIn oleomargarine. thous. of lb. .

Price, summer yellow, prime, N. Y.dol. per lb—

Production! thous. of lb—Stocks, end of month 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:tConsumption, quarterly

thous. of buStocks, end of quarter thous. of bu

Price No. 1, Minneapolis.dol. per bu..Production, crop estimate

thous. of bu__Stocks, Argentina, end of month

thous. of bu__Linseed cake and meal:

Exports thous. of lbShipments from Minneapolis

thous. of lb—Linseed oil:

Consumption, factory (quarterly) tthous. of lb

Price, wholesale, N. Y dol. per lb—Production (quarterly) t—thous. of lb—Shipments from Minn thous. of lb. .Stocks at factory, end of quarter

thous. of lbOleomargarine:

Consumption (tax-paid withdrawals)thous. of lb—

Price, standard, uncolored, Chicagodol. per lb—

Production thous. of lb__Vegetable shortenings:**

Price, tierces, Chicago dol. per lb—

24575.455

11,636

973614,820

42,25325,831

34,921

3819,954

118,886

14,40836,147

6,649

.09141,025

408,965

747

542181348

1.77

« 9, 468

5,906

25,794

15,104

.095

22, 549

.12525,834

.107

59,1399,143

172,371

628,186251

121,023357,167

507,571602,217

35,7336,858

24, 605

128,036

86,81111,47239,040

44,50283,017

112,50726,036

68,17524,467

125,339

22330,313

223,893

22,61735,036

256,1926,425

.10137,063

513,358

1,738

31970

344

6,1041,4641.65

6,299

53,605

4,485

82,888.096

116,9466,045

104,995

26,766

.14025,222

.129

59395,895

"~2(U38~

10,32622,929

65,30230,868

89,575

2029,132

198,367

20,77228,263

5,819

.09626,066

444,833

2,240

205117248

1.59

5,315

39,368

7,544

."593*

4,797

17,846

.13521,469

.124

69689,492

10,330

13,05629,770

145,115203,442

149,446

8065,380

178,358

43,66027,638

6,403

.09938,935

178,358

1,129

98581

344

1.53

2,322

41,787

12,506

"".'oif5,233

26,193

.13025,793

.130

63,34667,249

187,916

609,071383

92,174456,913

536,998355,800

48,42419,53529,565

130,395

101,10516,77125,965

61,56991,345

109,83623,560

436,027760,691

472,566

1,420194,282

196,095

127,81674,537

360,5906,714

. 10273,430

287,347

1,322

4,009389

2,040

5,9983,005

1.68

4,331

35,356

21,527

73,812.089

116,66710, 235

106,332

32,440

. 13031,855

.130

23787,810

27,433

"l6,-372"31,055

741,2951,096,758

828,029

2,418336,139

253,294

225,168110,557

6,610

.104161,333289,326

930

3,1481,2993,326

1.79

3,543

37,430

22,647

""""."097"

13,320

32,430

.14232,261

.128

33879,966

32,019

"l5,"275"21,985

634,326693,101

886,804

1,403287,362

312,279

193,025119,314

8,549

.103176,261343,550

1,254

9521,2662,597

1.80

2,559

40,983

19,509

•""."697"

6,854

35,501

.14533,962

.128

67,328117,078212,667

1,004,980329

114,354950,784

632,757477,563

66,73722,87340,039

135,073

105,25215,02445,122

84,50993,006

127,90423,992

518,673481,299

849,430

1,382231,337

355,432

154,286131,843

361,8639,120

.107139,381401,284

1,690

415298

2,153

8,2644,2701.83

/14,123

1,969

59,293

22,245

75,404.101

156,5694,069

146,532

32,831

.14533,506

.125

52694,611

13,297

"177946"23,507

456,656244,044

636,818

189207,346

358,752

135,623128,018

8,626

.101126,945453,990

886

229142

1,928

1.87

3,150

39,399

21,782

.101

8,605

37,388

.14536,558

.122

18177,068

24,511

~~27,~I68"37,972

350,61485,646

371,850

2,567163,342

322,211

107,792126,446

10,700

.097114,079489,195

1,414

99119

1,640

1.84

4,331

36,225

15,244

.100

7,853

37,851

.14538,835

.118

65,87445,364

205,121

854,835648

82,003707,370

743,420593,446

56,39414,97631,902

137,153

99,59413,28922,532

69,89487,262

129,41917,973

252,06580,564

200,349

781114,649

285,958

81,055113,413

241,1698,178

.09484,935

504,033

1,496

224131

1,246

7,0942,4341.76

5,315

42,379

21,748

65,574.098

132,13710, 200

187,466

32,368

.14533,794

.117

478107,837

16,971

""l2,334"40,336

133,66631,670

98,353

7463,599

202,429

43,13785,206

8,347

.09465,190

487,536

1,037

17295

791

1,72

6,299

33,233

23,715

.095

9,372

32,464

.14332,302

.117

55787,928

11,908

"""9,97932,569

70,99223,982

51,343

3836,009

166,272

24,74362,602

7,361

.08841,006

460,727

1,244

270160535

1.69

6,693

27,117

15,649

.094

13,808

26,941

.13025,580

.109

•Revised. «July 1 estimate / December 1 estimate.•For earlier data on vegetable shortening price, see p. 18 of the January 1934 issue.f Revised series: Monthly data on cottonseed and cottonseed products for the year ended July 1932 were shown on p. 20 of the February 1933 issue; revisions for each

month of 1933 were shown when monthly data for 1934 became available; revisions for year 1934 were shown on p. 38 of the November 1934 issue and for year ended July 1935on p. 20 of the November 1935 issue. For exports of cottonseed cake and meal for the year 1932, see p. 37 of the June 1933 issue. Data revised for 1933, see p. 19 of the September1934 issue; for 1934 revisions, see p, 19 of the December 1935 issue. For revised data on imports of vegetable oils for 1932, see p. 17 of the June 1933 issue; for 1933, p. 20, of theOctober 1934 issue; and for 1934, p. 20, of the December 1935 issue. Quarterly data on fats and oils for the years 1932 and 1933 were shown on p. 19 of the March 1935 issue;for 1934 on p. 19 of the November 1935 issue.

#See footnote on p. 37 of the October 1934 issue. Data revised for 1933; see p. 20 of the October 1934 issue; for 1934 revisions, see p. 20 of the December 1935 issue.•This series prior to September 1935 was listed as *'Lard Compound."

36 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

CHEMICALS AND ALLIED PRODUCTS—Continued

PAINTSPaints, varnish, lacquer, and filler products:!

Total sales thous. of dol—Classified tbous. 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 PRODUCTS

Nitro-cellulose:*Sheets, rods, and tubes:

Production thous. of lb—Shipments thous. of lb—

Cellulose-acetate:*Sheets, rods, and tubes:

Production thous. of lb—Shipments . thous. of lb—

ROOFING

Dry roofing felt:Production- short tons—Stocks, end of month —short tons-

Prepared roofing shipments:^Total thous. squares-

Grit roll thous. squares-Shingles (all types) thous. squares-Smooth roll thous. squares—

26,37310,70415,66912,291

306,65654,817158,285

1,1541,206

1,061850

21,95610,479

2,330653764913

32,32622,1188,50313,61510,207

303,22928,668102,892

1,0091,017

317

21,4547,252

2,213494739

28,97519,675

11,3369,300

253,25629,039103,161

1,0261,024

486525

20,2157,376

2,321576635

1,110

28,50219,2147,77711,4389,287

29,261107,877

1,2851,294

595578

7,730

2,768667815

1,286

19,0397,98511,0549,497

274,82927,463102,379

1,5511,435

882884

20,4197,376

3,102834766

1,501

32,85322,1329,51912,61310,721

34,414105,306

1,2991,239

24,7166,962

3,180850869

1,461

25,42717,856

8,8707,571

212,87131,76077* 784

1,420

1.2651,114

16,8517,577

1,952498482972

20,03914,2717,5616,7105,768

205,54321,46872,918

948859

15,7808,935

1,186270308607

23,91416,3558,1888,1677,559

280,89631,29289,730

1,2301,252

934

17,2668,677

366341961

20,24714,3637,1627,2015,884

199,18327,73476,971

1,3221,148

546

19,3137,902

3,139660565

1,914

29, 97320, 7289,28211,4469,245

293, 75644, 520134,803

1,2241,239

785

22,5287,999

2,451566681

1,205

36, 37725,19911,02114,17811,177

348,95347, 407147,160

1,3881,319

1,2211,097

23, 7137,086

2,744634887

1,223

40,99028, 02610, 74617, 28012,963

361,35651, 758175,088

1,3451,288

921

22, 3918,630

« 2,103566

«740797

ELECTRIC POWER AND GAS

ELECTRIC POWERProduction, totalt- —mills, of kw.-hr_-

By source:Fuelsf - mills, of kw.-hr—Water powerf.. —mills, of kw.-hr—

By type of producer:Central stations! mills, of kw.-hr—Street railways, manufacturing plants,

e t c . — . — . . .mills, of kw.-hr..Sales of electrical energy:

Sales to ultimate consumers, total (EdisonElec. Inst.) mills, of kw.-hr..

Domestic service mills, of kw.-hr..Commercial—retail mills, of kw.-hr—Commercial—wholesale-mills, of kw.-hr__Municipal street lighting

mills, of kw.-hr..Railroads:

Electrified steam mills, of kw.-hr..Street and mterurban_mills. of kw.-hr..

Revenues from ultimate consumers (EdisonElec. Inst.) thous. of dol . .

GASManufactured gas:*f

Customers, total.... thousands,_Domestic— thousands..House heating thousands,Industrial and commercial..thousands

Sales to consumers millions of cu. ftDomestic millions of cu. ft.House heating millions of cu. ftIndustrial and commercial

millions of cu. ft—Revenue from sales to consumers

thous. of dol..Domestic thous. of dol—House heating.. ..—thous. of dol.Industrial and commercial-tbous. of dol.

Natural gas:*fCustomers, total thousands.

Domestic. thousands.Industrial and commercial..thousands.

Sales to consumers millions of cu. ft.Domestic millions of cu. ft.Industrial and commercial

millions of cu. ft.Revenues from sales to consumers

thous. of dol.Domestic thous. of dol.Industrial and commercial, thous. of dol.

9,091

5,8293,262

8,561

530

7,875

4,4253,450

7,419

456

6,1471,0591,095

152

65331

151,437

9,9499,389

115434

28,89719,7641,271

7,720

31,18924,669

8945,524

5,8365,409

42574,11619,149

53,761

24,39514,05610,178

8,373

4,7813,592

7,846

527

6,2651,0521,1283,468

170

67329

151,215

9,9489,394106436

25,72317,601

550

7,396

28.31322,575

4195,216

5,8205,404415

68,27214,083

53.314

21,09511,1929,760

8,576

5,2463,330

8,078

6,6141,0731,1773,734

180

67

156,038

9,9569,407104433

24,47916,673

387

7,288

27,13721,539

3135,175

5,8355,427407

71,51912,519

58,049

20,77610,31610,321

8,206

5,1823,024

7,731

475

6,6351,1351,1923,676

67328

159,073

10,0239,473106435

27,49219,189

550

7,600

30,14024,140

4755,415

5,8805,468411

75,32514,135

60,273

22,12011,26210,718

8,847

5,9752,872

8,361

1,1861,2203,726

207

73360

162, 789

10,0339,467121434

29,89720,0081,571

8,134

31,75324,6971,1505,782

5,9475,510435

85,02818,556

65,252

25,80513,67711,958

8,690

5,4323,258

6,9271,2891,2933,624

217

79368

169,339

9,9949,421128437

30,16418,5433,223

8,206

31,30823,4161,8495,912

6,0185,552464

99,71426,726

71,691

32,09918,31613,591

9,139

5,8503,288

8,588

551

7,0291,3681,3613,493

227

439

173,459

10,0059,425131439

33,48018,6795,716

8,861

33,01323,3363,2916,244

6,0395,563474

113,41836,325

75,680

38,82523,63514,981

5,8813,365

8,747

499

7,2781,4661,4033,567

234

100446

179,141

9,333133485

35,96019,922

9,143

34,55523,8004,il36,495

5,9875,515470

123,77843,715

78,980

44,31227,96416,178

5,6812,918

8,118

481

6,9991,3401,3243,514

219

171,220

9,9729,346

135481

36,61120,1467,053

9,190

34,65323,3224,6126,571

6,0045,532469

136,24250,131

84,673

48,11630,58117,296

8,904

5,1143,790

8,423

481

6,9131,2541,2563,649

209

394

165,650

9,9739,343

129487

34,12919,2195,282

9,422

32,88722,7423,5146,490

6,0335,559

472113,82338,942

73,442

39,73224,66714,846

* 8T892

«* 4,8784,014

8,423

475

7,0691,2231,2813,842

193

375

165, 703

10,0119,378

132488

33,01818,7814,223

9,827

32, 09322,8852,5856,476

6,0275,560

465106,19331,859

72,770

35,47521, 03414, 219

* 5,163

* 3,923

8,604

481

7,085' 1,165

1,2663,975

180

77354

164, 015

10, 0989,465

136485

31,33418,8662,805

9,493

31,83923,8201,5536,336

5,578453

92, 63923, 658

67,588

29,25116,42912, 635

• Revised.• New series. For earlier data see p. 19 of the May 1935 issue, manufactured and natural gas. Series on cellulose products prior to January 1933 not available.1 Revised series. Data revised beginning with January 1932; see p. 39 of the April 1935 issue. Revisions for period January 1932 to January 1934, inclusive, will

be shown in a subsequent issue.t For revised data for electric-power production for 1932 see pp. 38 and 56 of the May 1933 issue; for 1933 see p. 38 of the May 1934 issue; 1934 and 1935 data also revised.

Revisions not shown in the June 1935 issue and in the May 1936 issue will appear in a subsequent number. Manufactured and natural-gas statistics for the years 1929-35have been revised. Revised data on manufactured gas are shown on p. 20 of the June 1936 issue. Revised data for the natural gas series are shown on p. 19 of this issue.

§ For revised data on paint, varnish and lacquer products for the years on "total" for 1928-35 and "unclassified" for years 1932-35 see p. 20 of the November 1935 issue.

August 1936 SUEVEY 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 1832 Annual Supplement to the Survey

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

FOODSTUFFS AND TOBACCO

BEVERAGES

Fermented malt liquors:*Consumption (tax-paid withdrawals)

thous. of bbl—Production -thous. of bbl—Stocks, end of month thous. of bbl—

Distilled spirits:*Consumption (tax-paid withdrawals) f*

thous. of proof gal-Whisky.. thous. of proof gal-

Production, total thous. of proof gal-Whisky thous. of proof gal-

Stocks, end of month ..thous. of proof gal—Whisky , .— thous. of proof gal-

Rectified spirits:Alcohol, ethyl, withdrawn tax paid (see p.

Consumption (tax-paid withdrawals)*thous. of proof gaL.

DAIRY PRODUCTSButter:

Consumption, apparent'!—thous. of lb..Price, N. Y., wholesale (92-score)

dol. per lb..Production (factory)!- thous. of lb,.Receipts, 5 markets -thous. oflb-.Stocks, cold storage, creamery, end of

month - thous. of lb-.Cheese:

Consumption, apparent! thous. oflb-.Imports! thous. of lb-.Price, no. 1 Amer. N. Y dol. per lb-.Production (factory)!- -thous. oflb,.

American whole milk! thous. of lb_.Receipts, 5 markets thous. of 1b..Stocks, cold storage, end of month!

thous. of lb-American whole milk! thous. oflb..

Milk:Condensed and evaporated:

Production:!Condensed (sweetened)._thous. oflb-.Evaporated (unsweetened) §

thous. of lb_,Exports:

Condensed (sweetened)—thous. of lb..Evaporated (unsweetened)

thous. oflb..Prices, wholesale, N. Y.:

Condensed (sweetened)-dol. per case-Evaporated (unsweetened)

dol. per case-Stocks, manufacturers, end of month:

Condensed (sweetened):Bulk goods —thous. of lb.Case goods thous. of lb.

Evaporated (unsweetened):Case goods thous. of lb.

Fluid 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. oflb.Stocks, mfrs. end of mo thous. of lb_

FRUITS AND VEGETABLES

5,6006,061

5,2294,28824,274

310,793300,653

1,937

133,482

.30186,97769,435

74,683

72,2484,257.17

83,13264,01621,191

85,78170,245

33,537

266,199

465

1,696

4.85

3.15

14,08211,275

186,359

5,521

42,051

114," 657

42816,13131,957

103,214863

11,0503,614

3,665e315,359

18,598

4,3414,521°7,766

4,6754,01415,14414,280160,755152,807

1,345

139,343

.24201,26572,844

96,392

* 59,4823,836.15

» 74,274« 57,53314,645

75,29164,395

'31.468

'267,429

265

2,432

4.85

3.00

13,05916,511

287,204

5,998

17,535110,417

20712,33836,440

616

12,1143,038

.713

21,073

5,4655,3357,341

4,2653,48615,61014,557171,094163,202

1,271

133,372

.24186,56272,036

149,628

52,153

.1568,76054,29318,480

94,67982,397

23,334

209,278

319

1,581

4.85

2.80

13,95618,159

339,978

4,489

32,713

19,614110,573

28112,98938,504

1,307

11,4661,020

.965

15,453

5,1076,924

4,5353,75814,08913,067180,268172,363

1,385

150,704

.25157,83953,000

156,855

3,647.16

61,51351,49316,687

105,85192,767

21,689

161,929

242

1,582

4.85

2.80

11,64818,460

358,780

5,371

27,869

18,431107,630

24316,23934,698

1,605

8,4281,744

.706

9,097

3,9313,8686,690

7,0206,372

187,729180,066

2,019

149,397

.26141,14148,294

148,822

3,632

59,49147,44816,384

114,953102,661

18,918

138,202

235

2,383

4.85

8,33317,349

343,132

6,515

24,773

16,529107,265

28214,84429, 702

6,855

2,5106,8003,420

.906

12,362

3,7903,7356,496

7,8077,07623,00216,549195,796188,423

2,614

148,227

119,60242,149

120,210

62,4766,015.17

53,31541,15716,836

111,731100,670

17,581

105,325

275

2,108

4.85

2.80

5,49714,678

229,065

6,506

23,075

17,768109,639

25213,55923,166

18,836

10,2768,9113,654

1,120

19,491

3,2216,204

9,0458,23725,00018,301

205,382197,788

2,969

143,320

.3294,838

71,948

52,3045,880.18

39,46427,59815,423

104,66192,912

16,856

87,766

332

2,646

4.85

2.90

3,37311,697

91,250

6,787

22,738

17,160105,925

13,25414,580

7,546

11,01811,1532,392

1.800

13,854

3,1043,2196,205

8,2197,31524,41219,910215,518207,154

2,998

136,491

.34104,42635,734

40,117

47,0853,022.19

38,78226,91211,488

99,57286,537

21,405

102,872

474

2,585

4.85

3.12

2,9318,829

72,916

6,932

28,022

16,210109,377

21912,65410,121

/167,2835,378

14,4501,518

1.790/387,67811,356

2,6793,3356,640

6,0195,42121,91020,340230,425221,602

2,304

127,217

107,83142,257

21,502

56,1803,240.18

43,84129,73010,416

90,89078,197

19,833

118,301

147

1,810

4.85

3.15

2,8456,044

66,094

7,396

31,578

16,380111,875

30510,9529,212

4,740

8,22513,2602,592

1.656

16,810

2,6852,9326,802

6,1735,68719,80418,838242,830233,797

2,028

123,556

.37108,09641,211

8,217

54,8203,794.17

26,13913,339

79,556

21,254

112,704

257

2,719

4.85

3.15

2,3293,659

45,375

7,555

30,919

15,308104,459

10,7208,485

6,283

5,97613,5162,625

1.700

19,560

3,7384,4337,333

6,2035,53122,69121,612258,221248,946

2,335

124,574

.32121,15745,829

5,346

56,5595,693

45,31729,73315,164

73,95262,261

23,328

144,222

229

2,463

4.85

3.15

2,7412,963

42,597

6,622

35,548

15,266115, 536

12, 3169,435

5,414

3,76915,0161,838

1.820

24.388

3,8873,9708,208

6,1775,39023,25121,017273,798264,389

2,367

133,162

.31132,19448,379

4,997

58,9614,217

.1548,81634,65613,398

67,77655,756

22,140

181,552

246

1,765

4.85

3.15

4,5883,741

61, 775

6,529

36,039

15,694110,640

14, 77811, 225

4,563

1,78314,6283,645

2,406

18,718

5,0415,4188,409

5,6664,760

23,37322,158

290,739281,208

2,044

160,248

.27176,18956,537

« 21,157

65,3673,152

.1565,33948,32014,206

« 70,783« 56,946

28,864

248,258

262

2,138

4.85

3.15

« 9,3748,252

141,774

5,029

41,673

17,387120,137

352<* 13,837•21,252

2,281

13,5393,8582.519

<* 17,114

Production, crop estimate---thous. of bu_.Shipments car lot! carloads..Stocks, cold storage, end of month

thous. of bbl— .Citrus fruit, car-lot shipments! carloads—Onions, car-lot shipments! ; carloads..Potatoes:

Price, white, N. Y dol. per 100 lb__Production, crop estimate..-thous. of bu._ •Shipments, car lot! carloads..

• Revised. §Bulk evaporated milk not included since December 1931. • July 1 estimate. / Dec. 1 estimate.•New series. Beverage figures are compiledby theTJ. S. Treasury, Alcohol Tax Unit. Monthly data on distilled spirits available beginning July 1933 and on fermented

malt liquors, April 1933. For earlier data for receipts of milk in Greater New York see p. 20 of the August 1934 issue. See p. 19 of the June 1933 issue for butter consumption.Data on consumption of rectified spirits are as indicated by the sale of stamps. Data prior to April 1933 not published.

#See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue.tRevised 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 earler data on stocks (cold-storage holdings) of total and Americanwhole-milk cheese, p. 19, April 1933. For 1932 revised data on production of factory and American whole-milk cheese, production of condensed and evaporated milk, p. 39,September 1933. For subsequent revisions for 1932 on production of evaporated milk, p. 39, November 1933. For 1932 and 1933 revisions on butter and cheese consumptionand 1933 revisions on production of butter, cheese, condensed and evaporated milk, see p. 19 of the March 1935 issue. For 1934 revisions on production of butter, cheese,condensed and evaporated milk, and apparent consumption of butter and cheese see p. 19 of the November 1935 issue. For final revision for 1933, car-lot shipments ofapples, citrus fruits, onions, and potatoes, see p. 20, January 1935 issue, and for 1934 revisions see p. 20 of the November 1935 issue. Data on consumption of distilled spiritsrevised to include brandy tax paid direct from fruit distilleries. For revisions see p. 39 of the March 1935 issue.

•Consumption of distilled spirits (withdrawn tax paid) plus brandy tax paid direct from fruit distillers plus ethyl alcohol withdrawn tax paid (see p. 39) equalsBureau of Internal Revenue total of distilled spirits withdrawn tax paid.

38 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August September October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

FOODSTUFFS AND TOBACCO—Continued

GRAIN AND PRODUCTS

Exports, principal grains, including flour andmealf — thous. of bu_.

Barley:Exports, including maltt thous. of bu._Price, no. 2, Minn.:

Straight*.... dol. per bu._Malting* dol. per bu..

Production, crop estimate...thous. of bu—Receipts, principal markets*.thous. of bu—Visible supply, end of month*

thous. of bu—Corn:

Exports, including mealf thous. of bu...Grindings thous. of bu_.Prices, wholesale:

No. 3, yellow (Kansas City).dol. per bu—No. 3, white (Chicago) dol. per bu..

Production, crop estimate. ~ thous. of bu..Receipts, principal markets—thous. of bu~Shipmehts, principal markets

thous. of bu._Visible supply, end of month*

thous. of bu—Oats:

Exports, including oatmealf-thous. of bu._Price,no. 3, white (Chicago)—dol. per bu..Production, crop estimate.—thous. of bu..Receipts, principal markets..thous. of bu._Visible supply, end of month*

thous. of bu._Rice:

Exportsf pockets 100 lb . .Imports* pockets 1001b—Price, wholesale, head, clean, New Orleans

dol. per lb—Production, crop estimate..-thous. of bu—Southern States (La., Tex., Ark., and

Tenn.):Receipts, rough rice, at mills

thous. of bbl. (1621b.)..Shipments from mills (milled rice) total»

thous. of pockets (100 lb.)-.Stocks, domestic, rough and cleaned (in

terms of cleaned rice) end of monththous. of pockets (100 lb.)_.

Rye:Exports, including flour thous. of bu._Price, no. 2, Minneapolis dol. per bu—Production, crop estimate...thous. of bu—Receipts, principal markets*.thous. of bu—Visible supply, end of month*

thous. of bu__Wheat:

Exports:!Wheat, including flour thous. of bu_.Wheat only thous. of bu—

Prices, wholesale:No. 1 Dark Northern Spring, Minn.*

dol. per bu. .No. 2 Red Winter, St. Louis

dol. per bu—No. 2 Hard Winter, K. C—dol. per bu—Weighted average 6 markets, all grades

dol. per bu—Production, crop estimate, total

thous. of bu—Spring wheat .thous. of bu._Winter wheat thous. of bu~

Receipts - —thous. of bu_.Shipments thous. of bu—Stocks, visible supply, world.thous. of bu—

Canada thous. of bu—United States* thous. of bu—

Stocks, held by mills (quarterly)thous. of bu—

Wheat flour:Consumption (computed) t-thous. of bbl—Exports thous.of bbl—Grinding of wheat thous. of bu_.Prices, wholesale:

Standard Patents, Minn dol. per bbl_.Winter, straights, Kansas City

dol. per bbU.Production:

Flour, actual (Census) thous. of bbl..Flour prorated, total (Russell's) t

thous. of bbl—Offal thous. of lb—Operations, percent of total capacity—

Stocks, total, end of month (computed)thous. of bbl—

Held by mills (quarterly).-thous. of bbl—

2,733

704

.64

.70«164,866

5,893

9,578

2195,404

.62

.71

2,244,83424,215

15,194

7,743

425.28

*805,4206,200

31,394

71397,490

.043•41,997

60

318

3.58

• 26,3801,422

6,379

1,38226

.95

.96

.96

«638,399•126,314•612,085

14, 81912,363

140,34625,125

62,642

8,250289

36,642

6.28

4.73

7,845

8,300675,902

484,7004,255

1,594

67

.71

.822,628

5,169

294,028

9,091

6,039

8,860

303

1,901

8,399

329, 7126,897

.040

82

529

632

0.46

298

8,559

1,1958

1.05

.86

.88

.97

10,02411,217

342,490194,779

68,700

7,624253

33,745

6.87

5.54

7,381

7,857597,746

474,100

1,999

549

.58

.65

1,559

3,681

634,001

.87

.87

7,313

4,565

7,317

154

2,544

7,075

55,37411,789

.040

14

270

383

2.48

6,907

1,23166

1.13

.87

.99

.97

11,233

192,41936,674

7,665248

33,918

7.44

6.13

7,387

8,163599,548

464,400

2,003

581

.52

7,645

6,412

743,917

.84

.84

6,146

3,342

6,821

70.29

28,907

25,063

35,18212,412

.040

272

331

333

0.45

2,212

7,060

1,2788

1.27

.921.04

.98

48,16914,997359,920186,11464,198

7,646270

37,141

7.99

6.24

8,082

8,016659,717

484,500

3,449

1,953

.58

13,780

12,009

284,710

.78

.82

7,129

3,102

3,932

142

21,300

41,430

90,19414,056

.040

930

591

709

2.47

2,461

8,367

1,32414

1.33

1.031.15

1.03

42,28915,595418,130219,90378,631

155,791

8,567279

41,686

8.38

7.06

9,055

9,746744,779

615,4003,864

2,777

1,138

.61

.65

9,923

16,087

46« 6,232

.81

.85

9,544

3,812

2,481

105.30

12,089

45,863

148,65121,932

.040

2,402

1,224

1,999

0.52

2,754

9,088

1.34

1.101.19

1.07

27,88314,695

443,400

82,406

10,703314

45,664

8.48

7.19

9,897

11,116821,200

596,600

2,601

872

.56

7,827

16,571

42

.62

.64

18,879

7,256

4,884

83.29

6,201

46,637

342,06819,769

.040

1,796

2,968

1,991

1,60230

1.28

1.051.13

.98

14,50112,403

257,42480,371

10,373335

38,254

8.15

6.84

8,274

9,802692,087

53

2,481

1,240

.59

.66/282,226

4,809

15,474

32«6,128

.61

.56(/)

2,291,62918,729

8,828

7,685

77.29

(/)1,196,668

4,489

42,012

90,24725,040

.040/ 38,132

657

538

3,136

0.49

/ 58,9281,169

9,022

1,13234

1.28

1.061.11

1.00

/623,444f159,241f464,203

9,9437,181

484,010259,92874,730

139,774

7,923234

33,123

8.21

7,175

8,349595,761

46

» Revised.* New series.

4,600

• No quotation.

5,5924,222

2,144

823

.67

6.142

15,124

48»6,356

.620)

14,466

8,133

6,802

70

5,652

41,123

51,05927,839

845

1,019

3,044

1.53

1,061

8,412

1,20213

1.33

1.091.13

1.07

9.2777,964

468,910243,63168,010

9,386253

40,042

7.19

6.09

8,644

728,21653

5,400

1,683

359

.66

.71

13,443

52

.67

.62

13,640

7,494

5,008

80.30

4,450

40,213

29,79273,986

.039

483

1,070

2,554

0.57

763

7,642

1,19228

1.31

1.091.10

1.07

5,4746,782

427,650223,72558,164

9,022248

38,987

6.99

5.56

8,401

9,070709,574

565,200

2,156

573

7,845

12,978

70«7,0

.58

18,003

7,750

7,955

88.28

8,768

37,648

79,589

.039

232

979

1,855

0.52

1,324

7,555

1,42530

1.24

1.081.06

9,289380,190206,82349,537

86,097

9,035297

38,273

6.92

5.42

8,252

8,975694,897

514,9504,068

1,842

323

.68

.71

5,966

11,894

34° 6,204

.63

.64

17,497

8,673

62.28

4,991

35,493

4,24160, 932

.040

161

788

1,244

0.50

970

7,176

1,42316

1.23

1.071.02

.95

7,4187,745

335,340189,25041,482

8,090299

36,453

6.45

5.24

7,840

8,235665,223

485,100

2,530

806

.64

.67

5,565

11,241

109°6,240

.62

.67

16,227

11,320

6,511

81.27

5,866

31, 282

9,82376,870

.042

129

529

0.52

2,297

1, 53434

1.14

1.02.95

.90

11,10312, 970

284,970160,10732,073

8,009319

'35,328

6.07

4.80

° 7,569

8,149a650,921

«484,950

2 Brewer's rice not included.• July 1 estimate. /Dec. 1 estimate. _ . . , ,.series. For earlier data, see p. 20 of the November 1932 issue, rye and barley receipts and rye stocks; and p. 20 of the June 1935 issue, wholesale price of wheat,

No. 1 Dark Northern Spring, Minneapolis. Since the division of no. 2 barley by the Department of Agriculture into straight and malting grades as of July 1,1934, pricesfor each grade have been reported separately.

t Data revised. For revisions of wheat flour, production and consumption (Russell's) from July 1931 to December 1932, see p. 19 of the August 1933 issue. For reviseddata on exports for 1932 see p. 39 of the June 1933 issue for 1933, p. 20 of the September 1934 issue, and for 1934, p. 19 of the December 1935 issue.

• Represents the visible supply east of the Rocky Mountains as reported by Dun & Bradstreet.# See footnote on p. 37 of this issue. Data for 1933 also revised, see p. 20 of the October 1934 issue, and'for 1934, revisions p. 20 of the December 1935 issue.

August 1936 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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

FOODSTUFFS AND TOBACCO—Continued

LIVESTOCK AND MEATS

Total meats:Consumption, apparentA mills, of lb—Production (inspected slaughter) A

mills, of l b -Stocks, cold storage, end of month, totalA

mills. oflb_.Miscellaneous meats mills, oflb—

Cattle and beef:Beef and veal:

Consumption, apparentA—thous. of lb—Exportsf - thous. of lb—Price, wholesale:

Beef, fresh native steers, Chicagodol. per lb_.

Production, inspected slaughter Athous. of lb—

Stocks, cold storage, end of monthAthous. of lb__

/""1 j-. 4-4-1 A r**«s3 smlvrACi*L-attiG ana caives.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..Price, wholesale, cattle, corn-fed, Chi-

cago - dol. per 100 lb—Hogs and products:

Hogs: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..Price, heavy, Chicago..-dol. per 100 lb—

Pork, including lard:Consumption, apparentA--thous. of l b -Exports, totalt thous. oflb..

Lardf . thous. oflb,.Prices:

Hams, smoked, Chicago..dol. per l b -Lard:

Prime contract, N. Y.-.dol. per lb—Refined, Chicago* dol. per lb—

Production, inspected slaughter, totalAthous. oflb—

LardA thous. of lb—Stocks, cold storage, end of mo.

thous. of lb—Fresh and curedA thous. of lb—LardA thous. of lb—

Sheep and lambs:Lamb and mutton:

Consumption, apparentA--thous. of Re-production, inspected slaughter A

thous. oflb—Stocks, cold storage, end of mo.

thous. oflb—Movement, primary markets:*

Receipts thous. of animalsSlaughter, local thous. of animals..Slaughter, inspected. (See Leather and

leather products.)Shipments, total thous. of animals..

Stocker and feeder.thous. of animals..rrices, wnoiesaie.

Ewes, Chicago „—dol. per 1001b..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 lb

Poultry:Receipts, 5 markets thous. oflb—Stocks, cold storage, end of mo.

thous. oflb-.TROPICAL PRODUCTS

Cocoa:Imports# ... . . . long tonsPrice, spot, Accra, N. Y dol. perlb..Shipments, Gold Coast and Nigeria

long tons..

1,036

1,033

63857

501,8981,110

.133

485,518

41,225

1,7641,137

610167

8.51

1,8641,348

51236

10.05

486,49218,88011,090

.240

.103

.113

499,06687,288

538,184431,292106,892

48,107

47,971

1,123

1,859961

873108

(010.38

1,727

7,061111, 940

22, 740

42,918

7,174.0617

14,331

808

744

64153

380,687623

.174

366,834

55,653

1,402904

494150

11.50

1,301926

37527

9.49

370,85815,0416,877

.213

.147

.154

321,68549,102

529,987445,30784,680

56,361

55,946

2,376

1,9941,037

89181

3.006.72

1,503

7,595107,937

18,615

47,051

12,332.0470

12,796

871

780

54050

416,360988

.170

404,365

49,473

1,6031,053

414145

10.90

1,336912

42024

9.49

395,08913,4134,915

.223

.151

.158

11315,61245,772

1438,345|369,910

68,435

59,874

59,653

2,109

2,3681,185

1,169109

2.958.23

1,170

7,947116,274

18,646

41,262

18,229.0501

17,399

876

818

47850

471,1791,193

.179

463,641

47,292

1,9441,136

792302

11.54

1,278874

40131

11.26

341,06810,2563,406

.264

.168

.177

290,41941,306

378,786325,24953,537

63,986

63,641

1,730

2,5771,144

1,434342

3.098.25

856

7,373112,585

16,765

34,911

21,593.0501

14,696

834

777

42249

472,1601,226

.179

465,982

48,226

2,2571,241

978441

11.31

1,220824

39022

11.41

301,3386,2131,515

.279

.169

.177

250,60834,392

322,955277,60545,350

60,255

59,941

1,376

2,8221,109

1,660533

3.288.95

781

6,35398,653

21,783

39,720

12,587.0517

10,820

1,015

992

40253

546,7241,013

.169

559,057

65,484

2,5451,351

1,198629

11.41

1,6521,182

46325

10.19

399,2397,4252,731

.260

.151

.164

363,10247,758

281,365240,66340,702

69,370

69,983

1,968

3,0551,225

1,860886

3.599.00

704

4,64488,018

28,332

53,156

19,388.0510

23,345

915

958

44863

473,2181,041

.166

492,498

91,164

2,0371,340

911445

11.36

1,6711,149

52624

9.42

387,16314,8727,932

.267

.138

.144

409,86258,072

291,115253,20937,906

54,961

55,702

2,661

1,732927

822335

4.119.81

641

2,73879,035

62,486

86,098

19,005.0501

39,786

933

1,023

56374

464,510604

.178

472,516

106,210

1,8091,143

650242

12.21

2,0361,428

60636

9.51

413,27112,8327,853

.273

.117

.134

495,29674,009

379,495326,77752,718

54,837

55,231

3,025

1,588966

620112

4.3510.80

784

96469,546

56,321

107,389

24,357.0517

54,930

1,009

1,144

69879

493,972728

.180

484,406

104,447

1,7851,158

623196

12.11

2,5241,774

74538

9.73

450,56014,92910,117

.263

.109,120

595,06596, 392

511,711436,04275,669

64,298

64,140

2,824

1,8621,127

73294

4.5010.25

889

15959,722

21,433

103,833

30,508.0535

61,247

844

847

68970

426,553787

.171

402,142

86,928

1,416942

462116

10.61

1,8171,188

62826

10.33

362,07011,2687,514

.243

.112

.118

39/), 34666,464

530,143451,41878,725

55,016

54,829

2,563

1,631949

69059

4.349.97

811

1346,367

15,654

85,792

32,601.0550

59,819

942

937

67567

439,6511,218

,151

425,199

79, 509

1,6251,046

556190

10. 31

2,0451,372

66633

10.10

443,48616,40311,461

.235

.111

.118

453,78775,518

526,963450,14976,814

58,477

58,285

2,334

1,7011,023

66666

4.629.66

1,798

80745,848

15,098

69,494

28,549.0536

40,114

961

960

66961

485,1361,032

.149

459,149

65,011

1,6731,094

573195

9.21

1,8751,322

55038

10.55

423,87614,1189,489

.239

.113

.120

449,02977,024

541,017457,40283,615

52,394

51,871

1,785

1,798990

800112

4.8110.75

2,022

3,03969,172

15,122

49,324

31 206.0533

17,025

957

949

65057

474,8881,426

.134

453,127a 51,134

1,5221,002

511163

8.61

1,7591,276

48232

9.48

434, 68318,49510,837

.238

.104

.113

449,17380,534

« 540,274«440,618° 99, 656

47,205

46,721

1,282

1,944889

1,063183

4.5610. 97

2,088

5,68193,971

18,979

41,871

9,696.0558

11,063a Revised.A Government slaughter not included, for months June 1934-February 1935 see p. 44 of the June 1935 issue. ;# See footnote on p. 37 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue, for 1934 revisions see p. 20 of the December 1935 issue.t For revisions of exports for 1932, see p. 40 of the June 1933 issue. For revised data for 1933 on all export data, see p. 20 of the September 1934 issue, for 1934 see p.

19 of the December 1935 issue.• New series. See p. 18 of January 1934 issue.• Included animals purchased for Federal Relief Corporation for the months of October 1934-February 1935 inclusive,i No quotation.

40 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

FOODSTUFFS AND TOBACCO—Continued

TROPICAL PRODUCTS—Continued

Coffee:Clearances from Brazil, total

thous. of bags—To United States thous. of bags—

Imports into United States #thous. of bags_.

Price, Rio No. 7, N. Y dol. per lb . .Receipts at ports, Brazil _ —thous. of bags..Stocks, world total, inch, 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 portst---——long tons..Price, wholesale, 96° centrifugal, New

York dol. per lb._Receipts:

From Hawaii and Puerto Ricolong tons..

Importsf# long tons..Stocks at refineries, end of mo.f

long tons..Refined sugar:

Exports, including maplef long tons..Price, retail, gran., N. Y dol. per l b -Price, wholesale, gran., N. Y.dol. per l b -Receipts:

From Hawaii and Puerto Rico*long tons..

Imports:Cuba* A long tons..Philippine Islands* long tons..

Shipments, 2 portst- —long tons—Stocks, end of month, 2 portsf.long tons—

Tea:Imports! thous. of lb—Price, wholesale, Formosa, fine, N. Y.

dol. per lb—MISCELLANEOUS PRODUCTS

Candy sales by manufacturers-thous. of dol—Fish:

Landings, fresh fish, principal portsthous. of lb . .

Salmon, canned, sLlpments cases..Stocks, total, cold storage, 15th of month

thous. of lb—TOBACCO

Leaf:Exportsf thous. of lb—Imports, unmanufactured??—thous. of lb—Production, crop estimate thous. of lb—Stocks, total, including Imported types

(quarterly) .mills, of lb—Flue-cured, fire*cured, and air-cured

mills, of lb . .Cigar types. mills, of lb—

Manufactured products:Consumption (tax-paid withdrawals):

Small cigarettes millions-Large cigars thousands-Manufactured tobacco and snuff

thous. of lb—Exports, cigarettes thousands..Prices, wholesale:

Cigarettes dol. per 1,000..Cigars dol. per 1,000—

437

940.070947

0)8,1111,015

406,144

.037

158,756305,937

402,960

3,545.054.049

16,445

37,5032,661

5,172

.275

20,638

45,563

46,241

20,4775,815

1,113,764

14,009452,312

29,474366,128

5.38045.996

1,316734

971.069

1,440

22,930

7,540672

1,993

323,013

.033

163,091210,218

504,813

5,681.053.052

16,260

10,3616,857

50,36814,603

5,499

.275

14,434

* 36,748368,097135,937

12,4526,623

2,163

1,701374

12,120402,272

27,879308,500

5.38046.041

1,308728

1,114.066

1,343

23,204

7,670799

1,589

414,436

.033

117,378326,736

536,236

6,496.055.051

12,099

27,8426,555

58,60613,346

5,830

.275

11,191

42,811407,363

48,157

14,7825,250

13,138432,159

29,066304,549

5.38046.005

1,298637

.0641,379

24,716

7,749790

1,158

331,240

.033

120,832511,025

571,925

12,450.055.050

6,472

101,1050

50,45113,742

6,521

.275

16,910

41,769732,630

59,443

22,6446,086

11,975422,282

30,212307,484

5.38045.996

1,466. 887

1,130.0661,431

27,204

7,653

1,076

301,969

.035

116,556117,163

512,518

.056

.051

6,381

7,6660

46,8539,754

8,457

.275

27,886

38,445950,789

66,527

52,6714,943

2,200

1,772348

10,774

28,984297,240

5.38045.996

1,651879

1,237.0681,651

27,765

7,794941

979

313,903

.036

73,64182,044

370,639

14,485.056.052

1,534

80

40,9439,951

.275

26,187

42,793462,745

70,079

60,4888,470

12,711524,399

31,916324,298

5.38045.996

1,420779

1,086.0661,472

28,738

817

912

240,378

.035

54,844

310,543

10,308.057.052

1,402

2,2980

34,02615,842

7,867

.275

27,030

471,448

67,7934,843

10,801457,299

26,687

5.38045.996

1,474824

1,299.0651,539

29,548

7,844

775

241,580

.031

67,73138,864

211,023

4,375.056.052

225

30,6369,352

8,378

.275

26,170

26,437359,188

74,845

42,0603,781(/)

1,296,810

2,373

1,949344

9,841312,974

23,096337,227

5.38045.996

1,563954

1,248.0661.409

(07,832832

755

321,986

.033

90,223246.005

178,176

4,867.053.052

5,506

26,987Q

57,64013,340

6,067

.275

22,584

20,120490,638

64,031

41,9298,430

12,725336,579

29,490385,525

5.L_.45.996

1,360854

1,575.0681,496

(97,8461,010

1,108

331,296

.034

144,017315,164

228,493

1,895.053.052

15,021

28,7072,90258,82013,203

5,915

.275

23,192

20,016436,976

<* 45,129

35,1375,726

10,766356,624

27,919320,394

5.38045.996

1,201

1,450.0651,444

30,650

8,1161,056

1,991

419,096

,036

197,386279,852

240,659

4,391.053.048

14,213

42,8779,37165,72211,080

8,159

.275

22,123

39,029494,790

31,292

13,8774,553

2,416

1,945374

11,193377,167

30,315351,679

5.38045.996

1,094549

1,138.0631,027

8,128995

2,092

460,316

.038

176,391325,379

301,105

3,710.053.049

17,924

37,98814,50143,72519,816

6,776

.275

21,399

42,560273,242

26,054

24,2355,883

411,606

29,254428,572

5.38045.996

1,150511

879.0661,009

0)8,108

1,886

326,152

.037

171,070274,287

401,669

3,981.053.049

15*919

41,6284,602

5,449

.275

17,703

43,355514,664

34,141

18,4854,120

12,025419,369

28,100

5.38045.996

FUELS AND BYPRODUCTS

COALAnthracite:

Exports thous. of long tons—Prices:

Retail, composite, chestnut^dol. per short ton..

Wholesale, composite, chestnuttdol. per short ton..

Production!.. thous. of short tons,.Shipmentst thous. of short tons—

100

9.3273,9583,516

156

11.63

9.0525,6424,879

88

11.86

9.2453,5363,032

89

12.07

9.4362,5912,393

162

9.6574,1723,587

120

12.83

9.9694,2793,681

87

10.0653,1602,868

118

10.0454,6204,116

141

12.96

9.9815,2034,865

188

10.0156,4615,934

80

10.0012,7302,429

101

12.95

9.7074,3364,217

189

9.2834,5774,274

° Revised. l Data not available. • July 1 estimate. / Dec. 1 estimate.fRevised 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, see

p. 20 of the September 1934 issue. For 1934 revisions see p. 19 of the December 1935 issue. 1932 final revision of anthracite production, p. 42, January 1934. Anthraciteshipments for 1932, p. 42, December 1933. For revised data for 1932 on sugar meltings and stocks, see p. 41 of the May 1933 issue. For 1932 revisions of sugar imports andexports see p. 41 of the June 1933 issue. For revisions of exports in 1933, see p. 20 of the September 1934 issue. Revised data on shipments and stocks of refined sugar at2 ports (for period January 1925-April 1935) are shown on p. 18 of the October 1935 issue. The change resulted from a reduction in the number of reporting refineries.

#See footnote on p. 37 of this issue. Data revised for 1933, see p. 20 of the October 1934 issue. For 1934 revisions, see p. 20 of the December 1935 issue. •t Price converted to short-ton basis. Data on a short-ton basis prior to April 1931 were not published. Earlier monthly data were reported on a long-ton basis.-•'Note major correction in data on imports of refined sugar from Cuba, June-November 1934, were shown in the February 1935 issue.•New series. For earlier data, see p. 20 of the August 1934 issue, for receipts of refined sugar from Hawaii and Puerto Rico and imports from Cuba. Data prior to

May 1934 on imports of refined sugar from the Philippine Islands are not available.IMonthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price is shown quarterly.

August 1936 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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

FUELS AND BYPRODUCTS—Continued

COAL—ContinuedAnthracite—Continued.

Stocks in storage: A.Total __thous. of short tons-Stocks, in yards of dealers, end of month

no. of days' supply..Bituminous:

Consumption:Coke plants __.thous. of short tons..Electric power plantsf

thous. of short tons.Railroads thous. of short tons.Vessels, bunker thous. of long tons..

Exports ..thous..of long tons..Price, retail composite, 38 citiesi

dol. per short tonPrices, wholesale:

Composite, mine run.dol. per short ton..Prepared sizes (composite)

dol. per short ton-Production t _.thous. of short tons..Stocks, consumers, and retail dealers, end

of month . thous. of short tons..COKE

Exports ..thous. of long tons...Price, furnace, Connellsville

dol. per short ton..Production:

Beehivet .thous. of short tons..Byproductf 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..PETBOLEUM AND PRODUCTS

Crude petroleum:Consumption (run to stills)-thous. of bbl_.Imports!. thous. of bbl._Price, Kansas-Oklahoma dol. per bbL.Productionf§. thous. of bbL.Refinery operations pet. of capacity..Stocks, end of month:

California:Heavy crude and fuel oil§

thous. of bbl..Light crude! thous. of bbl..

East of California, totalf§.thous. of bbl..Refineriest§ thous. of bbL.Tank farms and pipe linesfl

thous of bbl—Wells completedtS- number..

Refined products:Gas and fuel oils:

Consumption:Electric power plantsf—thous. of bbL.Railroads ...thous. of bbl..Vessels, bunker thous. of bbl..

Price, fuel oil, Oklahoma, 24-26 refineriesdol. per bbL.

Production:Residual fuel oil*f§ thous. of bbl..Gas, oil and distillate fuels*t§

thous. of bbl..Stocks:

Residual fuel oil, east of California*!!thous. of bbl. .

Gas, oil and distillate fuels, total*!thous. of bbl..

Gasoline:Consumptionf§ thous. of bbl..Exports* thous. of bbl..Exports, value. (See Foreign trade.)Price, wholesale:

Drums, delivered* N. Y..dol. per gaL.Refinery, Oklahoma dol. per gal..

Price, retail, service station, 50 citiesdol. per gal_.

Production:At natural gas plantsf§-thous. of bbL.At refineriest! thous. of bbL.

Retail distribution (41 States) fmills, of gal..

Stocks, end of month:At natural gas plants&...thous. of bbL.At refineriesf§ thous. of bbl..

1,240

59

5,469

3,309

122914

4,289

4.30329.300

28,753

62

3.58

933,695

1,702

2,8721.040

1,158

~3,~i58

.785

1,755

0.1650.060

.143

970

44

3,860

4,535144955

8.05

4.234

4.29430,117

41,127

3.54

a 2, 595135

2,787424

81,7242,937.940

82,33874

57,894

294,31457,584

236,7301,369

8563,2412,496

.775

20,267

8,205

25,548

20,232

37,8842,729

.163

.056

140

3,13438,180

1,145

2,74532,499

1,462

54

3,765

2,8034,329

161

983

8.12

4.2524.314

22,339

40,772

70

3.37

« 45• 2, 562

140

2,995441

84,9033,000.940

85,48574

58,49832, 662

289,70356,081

233,6221,340

3,3002,666

.765

20,210

8,709

26,909

22,915

41,2032,759

.166

.056

.141

3,13240,667

1,243

3,02730,550

1,758

72

4,575156

1,080

8.12

4.2334.281

26,164

40,378

62

a 55* 2,774

131

3,192458

84,5843,110.940

84,81674

58,24333, 494284,47156,055

228,4161,403

1,0163,3812,762

.750

21,232

8,129

27,179

23,860

42,8362,453

.173

.056

.138

3,06440,488

1,258

2,97526,549

40,904

54

3.33

56« 2,832

123

S.130454

83,3472,870.940

84,109

58,51834,981278,64353,710

224,9331,286

1,0443,3662,560

.740

21,495

8,885

27,351

24,272

37,8622,678

.173

.056

.134

3,20239,817

1,174

2,76027,166

2,239

4,539

3,4375,449161

789

8.41

4.3244.45137,768

39,553

54

3.64

a 3,048119

2,975427

85,1322,815.940

88,16073

59,38835,591274,56851,751

222,8171,243

1,1663,8982,740

.700

22,652

9,068

26,265

24,299

41,4012,195

.173

.056

.135

3,57441,956

1,204

2,44227,280

4.336

4.50833,404

39,911

58

3.66

«100«3,112

1083,026408

83,1802,128.940

86,47673

60,07537,646270,90650,495

220,4111,318

1,1023,6822,329

.713

23,278

25,509

23,263

35,9562,760

.173

.056

.137

3,59840,260

1,093

1,94528,043

4.337

4.52835,388

37,017

32

3.61

M 1 9*3,363

1062,780

84,9923,161.940

88,71173

61,22738,944268,781* 49,0896219,692

1,149

1,1323,7732,400

.725

25,005

9,885

22,827

19,930

33,7342,946

.166

.056

.137

3,65440,667

1,007

1,64531,328

1,217

23

4,990

3,4536,078

96

323

8.58

4.3204.54739,330

33,052

43

3.58

1423,309120

2,110360

85,7762,2561.015

88,82074

40,640265,19548,789

216,4061,199

1,0933,8272,590

.756

24,573

10,587

20,281

17,418

32, 5532,308

.154

.060

.142

3,65339,544

973

1,74336,158

528

19

4,764

3,3653,307

87321

4.359

4.68341,375

29,542

44

3.58

1533,141108

1,274334

81,5232,7581.04082,120

76

63,53640,275263,43647,686

215,750995

1,1243,7952,690

.800

23,751

11,125

18,027

15,322

27,2161, 435

.165

.061

.142

3,19637,176

833

1,83344,612

458

31

4,862

3,022

101

4.347

4.61231,233

28,083

24

3.58

1093,257

1051,444

360

2,1831.040

90,56875

63,34139,856

266,09251, 741

214,3511,287

975

3,005

.800

23,667

10,262

17,529

15,746

35,8711,404

.165

.060

.139

3,37838, 764

° 1,091

2,17245,799

38

5,133

«2,859

462

8.57

4.303

4.34030,318

26,596

20

3.58

883,466

109

1,586367

84, 5452,8641.040

90,47976

63, 72939,338

268,56053,053

215, 507

"995

2,643

.800

23,062

9,553

17,031

38,8252,140

.165

.060

.143

3,26539,902

1,148

2,64144,361

853

77

5,542

« 2,954

1161,103

4.30228,541

'• 28,073

34

3.58

843,753

113

1,695382

90,6372,6611.040

93,73979

63,79238,878

53,989

214, 661

»1,015

3,184

.800

23,925

10,169

18,293

19,910

42,0072,368

.165

.060

.143

3,27541,951

1,236

2,94642,527

« Revised.b Figures revised to reflect transfers between pipe line and refinery stocks beginning December 1935.f Revised series. For revisions refer to the indicated pages of the monthly issues, as follows: Consumption of bituminous coal by electric power plants for 1932, p. 42.

May 1933; for 1933, p. 42, May 1934. Data also revised for 1934 and 1935. Revisions not shown on p. 43 of the June 1935 issue and p. 46 of the May 1936 issue will appearin a subsequent issue. Bituminous coal production for 1932, p. 42, January 1934. Bituminous coal production revised for 1933 and 1934. Revisions not shown in the >and for 1933 revisions see p. 43, July 1934. Data for 1934 and 1935 also revised; revisions not shown in the July 1935 and in this issue will appear in a subsequent issue. Crudepetroleum production, stocks, east of California (total), at refineries and at tank farms and pipe lines, and wells completed, for 1932. See footnote on p. 56, November 1933.Consumption of gas and fuel oils in electric power plants for 1932, p. 43, May 1933; for 1933 revisions, p. 43, May 1934. Data also revised for 1934. Revisions for months notshown for 1934 on p. 44 of the June 1935 issue will appear in a subsequent issue. Data revised for 1935; see p. 46 of the May 1936 issue. Production of residual fuel oils andgas oil and distillate fuels stocks of residual fuel oil east of California, consumption of gasoline, production of gasoline at natural-gas plants and re fineries, stocks of gasoline atrefineries for 1932, p. 56, November 1933; retail distribution of gasoline in 41 States for 1932, p. 43, May 1933; for 1933, p. 43, May 1934.

# See footnote on p. 37 of this issue. Imports also revised for 1933, see p. 20 of the October 1934 issue; for 1934 revisions see p 20 of the December 1935 issue.§ Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue.• Data revised for 1933, see p. 20 of the September 1934 issue; for 1934 revisions see p. 19 oi the December 1935 issue.* New series. For earlier data see p. 20 of the February 1933 issue, production and stocks of residual fuel oil and gas oil and distillate fuels.1 Monthly retail price of coal was discontinued with the month of August 1935. Subsequent to that month the price will be shown quarterly.• Beginning with August 1934 certain anthracite stocks were included which had not been covered in previous reports

42 SURVEY OF CURRENT BUSINESS August 1936

Monthly statistics through December 1981,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

FUELS AND BYPRODUCTS—Continued

FETROLEUM AND PBODUCTS-Continued

Refined products—Continued.Kerosene:

Consumption!! thous. of bbl.Exports thous. of bbl.Price, 150° water white, refinery, Pa.

dol. per gal.Production! thous. of bbl_Stocks, end of month§ thous. of bbL

Lubricating oil:Consumption!! thous. of bbl.Price, cylinder oil, refinery, Pa.

dol. per gaLProduction!- thous.'of bbl.Stocks, refinery, end of month§

thous. of bbl.Other products:

Asphalt:Imports#__ ..thous. of short tons.Production!! thous. of short tons.Stocks, refinery, end of month

thous. of short tons.Coke. (See Coke.)Wax:

Production thous. of lb.Stocks, refinery, end of mo§

thous. of lb_

.055

.154

2, 768614

.0504,4178,310

1,558

.1202,247

6,855

2350

435

31,360

141,506

2,885456

.0504,2129,169

1,655

.1202,213

6,517

2352

405

32,480

138,941

3,631519

.0484,3909,398

1,667

.1202,399

6,649

2380

363

35,000

136, 646

3,892750

0494,4989,238

1,697

.1202,357

6,607

7343

354

36,400

131,560

4,520370

.0494,9789,318

1,820

.1202,463

6,612

6351

341

39,200

124,557

4,724585

.0494,8788,879

1,576

.1202,453

6,857

12248

377

41,720

120, 398

5,081497

.0504,6247,915

1,433

.1202,484

7,025

3203

405

40,320

114,675

473

.0514,7616,599

1,396

.1202, 309

7,127

1198

461

44,800

118,636

4,785455

.0554,4455,784

1,520

.1262,204

7,385

1179

463

36,120

118,312

435

.0554,7415,974

1,863

.1352,515

7,137

1261

526

42, 280

119, 684

3,914512

.0564,9536,496

2,197

.1392,687

7,044

1319

520

39,480

121,857

4,035380

.0564,6266,681

2,028

.1492,768

6,884

4377

542

40,320

121,416

LEATHER AND PRODUCTS

HIDES AND SKINSImports, total hides and skinst#-thous- of lb._

Calf and kip skins thous. of lb._Cattle hides ... thous. of lb_.Goatskins thous. of lb._Sheep and lamb skins thous. of lb_.

Livestock, inspected slaughter:CalvesA - thous. of animals..CattleA thous. of animals..Hogs .thous. of animals..SheepA - thous. of animals..

Prices, wholesale:Packers, heavy native steers, Chicago

dol. per lb__Calfskins, packer's 8 to 15 lbs., Chicago

dol. per lb-.Exports: F A T H E R

Sole leather —thous. of lb._TJpper leatherf* -thous. of sq. ft—

Production:Calf and kip* thous. of skins. .Cattle hides*! thous. of hides..Goat andkid*$ -thous. of skins..Sheep and lamb*!J thous. of skins..

Prices, wholesale:Sole, oak, scoured backs (Boston)

dol. perlb—Upper, composite, chrome, calf, black,

"B" grade dol. persq. ft_.Stocks of cattle hides and leathers (all kinds)

end of month:Total*1 thous. of equiv. hides..

In process and finished*thous. of equiv. hides. _

Raw*? thous. of equiv. hides..LEATHER MANUFACTURES

Gloves and mittens:Production (cut), total* dozen pairs..

Dress and semidress* dozen pairs..Work*.. _. dozen pairs.

Shoes:Exports.. thous. of pairs-Prices, wholesale:

Men's black calf blucher,factory dol. per pair..

Men's black calf oxford,factory.. dol. per pair..

Women's colored blucher,factory dol. per pair..

27,6901,434

13,1455,6905,989

517853

2,7591,309

.125

. 177

1104,180

.33

.378

1203,3891126,406176,844

112

5.50

4.50

3.15

25,1072,942

10,2037,2773,348

439669

1,8281,421

.124

.156

2425,522

I, 3161,6593,5872,802

.35

.354

18,044

11,4876,557

194,270114,03780,233

68

5.50

4.15

3.00

I33,1782,164

16,3298,2114,470

464745

1,7121,546

.130

.146

3824,595

1,3991,7224,0613,039

.34

.361

17,844

11,3816,463

194,951108,36086,591

69

5.50

4.21

3.04

28,3571,931

11,9077,9503, 576

472875

1,6681,665

.132

.138

4435,798

1,3211,8294,0913,474

.35

.362

17, 764

11,3306,434

271,909147,926123,983

101

5.50

4.25

3,10

25,0562,22511,7126,1333,146

458886

1,4531,549

.143

.158

4303,603

1,2271,7233,9933,061

.35

.373

17,851

11,2736,578

255, 792142,230113, 562

73

5.50

4.25

3.10

27,7862,23612,6705,5745,827

5311,0832,1351,765

.154

.176

5108,563

1,2532,0624, 5624,111

.37

.380

18,008

11,4026,606

286,857178,372108,485

106

5.50

4.31

3.10

25,3731,960

11, 6316,2992,685

480956

2,4221,407

.157

.181

3338,571

1,0511,9574,126

.39

.386

18,077

11,3776, 700

253,795168,48785,308

82

5.50

4.35

3.10

27,1522,29111,1536,4923,872

481892

2,8741,369

.148

.175

2265,121

1,0921,9244,3933,153

.39

.382

17, 735

11,1886,547

163,46794,72568,742

65

5.50

4.44

3.13

28. 2642,39012,7686,0423,499

4659'tfi

3,4281,540

.150

.191

1465,284

1,1951,9434,1683,135

.39

.382

17,789

11, 5766,213

147,776182,884164,892

43

5.50

4.50

3.15

26, 2552,03513,4985,573

405742

2,3191,314

. 146

.180

2105,044

1,002* 1,8563,7573,125

.37

17,786

11,5686,218

i 183,4851109,573i 73,912

97

5.50

4.50

3.15

1,35413,0638, 5064,668

483783

2,6171,374

.130

.181

3105, 234

» 1,9083,7862,824

.378

17, 797

11,6556,142

i 205,0811117,7911 87, 290

188

5.50

4.50

3.15

28,1161,215

12, 6137, 911

525812

2, 5591,267

.130

.188

4105,107

1,046« 1,844

4,018« 2,925

.36

.380

• 17,845

'11,734• 6, 111

1203,1261117,320' 85,806

104

5.50

4.50

3.15

25, 2162,336

10, 2968,2922,549

503786

2,5791,213

.123

.171

3685,566

9771,6943,9902,897

17,905

11,8576,048

1201,3751121,661i 79,714

106

5.50

4.50

3.15

° Revised.i Data for 234 manufacturers not available for these months. Figures shown are computed by means of the month-to-month percentage change indicated by the current

Census Bureau report for 228 identical concerns.1 Raw stocks in all hands as shown above include all hides from Government animals slaughtered under Federal inspection. Hides from cattle allotted to State relief

agencies and which were not killed under Federal inspection are not included unless they have already moved into sight. It is obvious, therefore, that a quantity of hidesfrom noninspected slaughter held by State Relief Agencies constitutes an invisible addition to the visible supplies shown above.

t Data on production of sheep and lamb and goat and kid leathers from 1927-34 have been revised. For revisions not shown on p. 44 of the April 1935 issue see D 19of the June 1935 issue. • * . *•

•* Government relief slaughter included for the period June 1934-February 1935. See p. 44 of the June 1935 issue for the figures, excluding relief slaughter. For sheepand lambs, relief slaughter only affected the data for the months of September to December 1934.

§ Data revised for 1933. See p. 20 of the January 1935 issue. For 1934 see p. 20 of the October 1935 issue.# See footnote on p. 37 of this issue. Imports revised for 1933, see p. 20 of the October 1934 issue, for 1934 revisions see p. 20 of the December 1935 issue.• New series: For earlier data refer to the indicated pages of the monthly issues. Leather production, p. 19, June 1933; leather stocks, p. 19, January 1935 New series

on gloves and mittens cover 234 identical manufactures as reported to the U. S. Department of Commerce, Bureau of the Census. Data prior to July 1934 are not avail-able. These data are not comparable with data through January 1934 previously shown. New series on wholesale price of women's shoes began January 1934. Data notshown above will appear in a subsequent issue.

t Revised series. For earlier data refer to the indicated pages of the monthly issues. Production of cattle, sheep, and lamb leather for 1932 and 1933, p 44, April 1934Production of cattle hides revised for 1935, p. 47 of the April 1936 issue. Imports of total hides and skins for 1932, exports of upper leather for 1932, p. 43, June 1933. Pro-duction of asphalt for 1932 and consumption of kerosene and lubricating oil, for 1932, see p. 56 of the November 1933 issue.

• Data revised for 1933. See p. 20 of the September 1394 issue; for 1934 revisions see p. 19 of the December 1935 issue.

August 1936 SURVEY OF CURRENT BUSINESS

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES—Cont.

Shoes—C ontinued.Production, totalt thous. of pairs..

Men'sf - thous. of pairs-Boys' and youths'! thous. of pairs..Women'sf -.thous. of pairs..Misses' and children'st—thous. of pairs~Slippers, all typesf thous. of pairs-Ail other footweart -thous. of pairs-

28,7197,5281,302

10,3622,3043,6433,582

27,2347,8191,5698,8572,7942,7173,477

32,2747,9261,726

13,2812,9563,2913,093

37,2439,1321,702

15,9253,3614,0883,035

33,9098,3911,502

13,2752,9984,8572,887

35,9489,9181,721

11,8133,1866,1243,185

27,7158,1611,3307,0342,6735,5702,947

28,9498,4401,3549,7942,8693,2773,214

32,4209,0431,267

13,4363, 2921, 6333,749

32,1428,3131,130

13,8433,0072,1403,709

34,1598,2231,264

14,4413,2372,7264,268

32,6888,0271,221

13,0423,1542,9044,339

« 29,807° 7,219

1,031M l , 906* 2,476« 3,139° 4,036

LUMBER AND MANUFACTURES

LUMBEE—ALL TYPES

Exports (boards, planks, and scantlings)* •M ft. b. m_.

National Lumber Mfgrs. Assn.:± 1Production, total * mill. ft. b. m..

Hardwoods^ mill. ft. b. m_.Softwoods mill. ft. b. m_.

Shipments, total mill. ft. b. m_.Hardwoods .mill. ft. b. m_.Softwoods mill. ft. b. m_.

Stocks, gross, end of month total:mill. ft. b. m_.

Hardwoods.— - mill. ft. b. m..Softwoods -.mill. ft. b. m_.

Retail movement:Retail yards, Ninth Fed. Res. Dist.:Sales _. M ft. b. m_.Stocks, end of month M ft. b. m_.

Retail yards, Tenth Fed. Res. Dist.:Sales M ft b. m_Stocks, end of month M ft, b m.

Flooring1

Maple, beech, and birch:Orders:

New . M ft, b. m_Unfilled, end of month M ft. b. m.

Production.— M ft. b. m.Shipments - M ft. b. m.Stocks, end of month M ft. b. m._

Oak:Orders:

New- M ft. b. m.Unfilled, end of month...—M ft. b. m.

Production - M ft. b. m.Shipments M ft. b. m.Stocks, end of month M ft. b. m_

SoftwoodsFir, Douglas:

Exports:!Lumber^ -- M ft. b. m__Timber. - M ft. b. m.

Orders:Newc?_ - M ft. b. m

83,255

1,896273

1,6231,846257

1,589

7,0601,8455,215

13,15072, 456

3,43732,459

30,57627,52332,03131,61762,069

27,33118,312

61,883

1,359285

1, 0741,415290

1,125

2,0304,833

110, 83167,104

2,70126,991

4,3115,3884,3474,69221,043

18,62215,30418,10817,73250,639

2,517577

59,893

1,636278

1,3581,614288

1,326

6,8752,0104,865

10, 63667,160

3,74127,569

5,7066,0454,2005,114

20,295

15,46612,42320,60618,37452,644

4,8628,615

73, 012

1,808289

1,5171,761280

1,481

6,8911,9904,901

11,56769,817

3,25727, 773

4,2785,4984, 3155,03718,214

16, 45611,00417,64217,86452,408

15,56820,834

81,752

1,750293

1,4571,643259

1,384

6,9671,9934,974

9,78769,793

2,88227,902

3,9174,9894,2764,03519,638

19,45913,06519,46717,40254,475

26.95236,486

77,810

1,971302

1,6691,782270

1,512

7,1211,9435,178

14,12564,942

3,35428,164

4,6344,7635,5844,89120,497

24,38314,34721,64223,47552,843

22,67714,548

83,258

1,620273

1,3471,489262

1,227

7,2351,9355,300

8,67663,137

3,06127,708

4,5144,6835,1094,609

21,023

25,12519,92520,82319,54754,119

20,22717,577

89, 265

1,422207

1,2151,331220

1,111

7,2731,9155,358

4,59461,365

2,41528,637

5,7686,4444,2793,99721,878

25,06425,49224,20319,49758,825

26,13921,931

83,150

1,490229

1,2611,569238

1,331

7,2031,9055,298

3,67770,834

2,88429, 794

6,9809,3684,2633,87921,209

30.20435, 30122,78320,39561,365

24,19923,456

66,073

1,353215

1,1381,467238

1,229

7,1031,8825,221

2,37477,713

2,16832,069

11,3034,1233,93621,077

40,67552,89221,83123,08160,115

19, 54219,455

90,328

1,587244

1,3431,688281

1,407

1,8435,155

4,32981,490

3,75232, 396

10,13816,4564,4625,32420,645

19,38143,79327,60728,47958,683

23,49812,985

•96,053

1,865253

1,6131,932267

1,665

6,9331,8365,097

7,21081,851

4,19132,143

4,39115, 0125,4395,45720,033

19, 21133,52130,76129,48359,961

40,46223,371

89,904

1,891253

1, 6381,821259

1,562

7,0131,8325,181

• 10,227•79,392

3,62732,426

3,49313,1594,4375,52818,717

23,62228,56430,27328,57961,655

28,71414,612

Unfilled, end of months M ft. b. mPrice, wholesale:

No. 1 common dol. per M ft. b. m._Flooring, 1 x 4, HB" and better v. g.*

dol. per M ft. b. m..Production^ —M ft. b. m.Shipments^1 M ft. b. m.

<?)•

43.50

16.00 16.00 16.00 0) 0)43.00

0)

43.00

(043.33

0)45.00

0)46.00

0)46.00 45.00

Pine, northern:Orders, new M ft. b. m._Production 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. m^Unfilled, end of month M ft. b. m_.

Price' flooring dol. per M ft. b. m_.Production.. M ft. b. m..Shipments —M ft. b. m.

Redwood, California:tOrders:

New.. __—._ M ft. b. m.Unfilled .— M ft. b. m..

Production —— M ft. b. m..Shipments. M ft. b. m_.

11,57023, 21312,505

22,8266,358

141,34967,77237.37

145,342136,234

29,81339,25138,70037,433

13,35510,16913,489

26,7398,330

116,59253,68337.43

109,805129,264

23,70440,14225,67524,548

10,89822,17812,103

23,2338,324

127,55662,09337.65

130,515137,051

24,62333,72127,93930,925

10, 26022, 77411,211

25,6538,022

139,60873,22736.74

137,442144,476

24,05425,62234,26231,259

9,80016,39811,283

28,9136,302

120,97961,02936.80

125,132120,818

25,41124,81933,75425,628

11,46212,39210,119

24,3503,516

143,69569,96236.61

148,566145,970

29,59326,29038,07327,952

9, 2391,8039,322

5,713

128,82568,01036.67

134,190128,570

27,45627,44633,18725,761

8,220265

6, 535

27,08310,492

124.18490,88935.75

125,928105,743

28, 51431,09730,36923,716

9,942779

8,219

21,9837,072

150,42477,27536.61

141, 315121,632

29,57935,81831,31827,068

7,350392

8,215

18,50610,261

125,75872,93037.01

124, 541125,416

34,05444,48932,18524,711

7,722528

9,463

28,9136,384

165,85695,19136.78

148,226160,755

* 32,979'43,049137,318134,327

9,9123, 697

10, 956

22,8937,506

162,25087,17537. 63

155,187170,446

* 41, 535* 49,143* 37, 584* 35, 562

45.00

9,61616,89211,364

21,4876,890

155,82280,35437. 40

158,529166,440

• 31,157'44,213' 37,763'35,207

•Revised.» Data temporarily discontinued.* New series. For data on lumber exports for period of January 1919 to September 1932, see p. 20 of the November 1932 issue. See special footnote below on lumber

production, shipments, and stocks.t Data revised for 1932, see p. 44 of the June 1933 issue, exports of Douglas fir lumber and timber. Boot and shoe production for 1934, p. 45, March 1935 issue, for 1935

revision see p. 48 of the March 1936 issue.• Data revised for 1933. See p. 20 of the September 1934 issue; for 1934 revisions see p. 19 of the December 1935 issue.A New series on lumber production, shipments, and stocks compiled by National Lumber Manufacturers' Association and represent an estimate of the total lumber

cut based on monthly reports received from regional associations covering between 80 and 90 percent of the total cut in 1934 and 70 to 80 percent in 1935. No comparablefigures are available prior to January 1934.

^ Series have been revised for period January 1934-Oetober 1935. These are shown on p. 20 of the February 1936 issue.X Beginning with January 1934 the report includes all known operators; prior to that time approximately 89 percent of the listed capacity§ Data revised for 1932. For revisions of exports of Southern pine lumber and timber, see p. 45 of the June 1933 issue. Data revised for 1933, see p. 20 of the September

1934 issue. For 1934 revisions see p. 19 of the December 1935 issue.<? New series covering these items will be shown in a subsequent issue

44 SUKVEY OF CUERENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

LUMBER AND MANUFACTURES—Continued

FURNITUREHousehold:

All districts:Plant operations* percent of normal-

Grand Rapids district:Orders:

Canceled percent of new orders. .New. no. of days' production—Unfilled, end of month

no. of days' production__Outstanding accounts, end of month

no. of days' sales—Plant operations! percent of normal. .Shipments no. of days' production..

Prices, wholesale:Beds 1926=100-Dining-room chairs, set of 6 1926=100-Kitchen cabinets .1926=100—Living-room davenports 1926=100__

Bteel furniture. (See Iron and Steel Section.)

65.0

5.012

17

2158.0

11

67.584.083.587.5

48.0

7.56

9

1440.0

8

68.589.986.076.6

49.0

3.618

18

1644.0

13

66.989.986.076.6

53.0

5.013

18

1948.0

11

65.789.986.076.6

61.0

4.015

19

2155.0

12

66.389.986.076.6

62.0

6.014

16

2456.0

14

66.389.986.076.6

61.0

8.015

16

2458.0

13

66.389.986.078.0

59.0

13.68

12

2167.0

11

66.389.986.078.0

60.0

3.019

18

2257.0

12

67.584.083.587.5

58.0

9.012

16

2257.0

12

67.584.083.587.5

58.0

10.013

13

2457.0

13

67.584.083.587.5

59.0

6.09

11

2254.0

11

67.584.083.587.5

59.0

5.018

18

2056.0

11

67.584.083.587.5

METALS AND MANUFACTURES

IRON AND STEEL

Foreign trade, iron and steel:Exports§ long tons. .Imports*^ — —long tons. .

Price, iron and steel, composite*dol. per long ton. .

OreIron ore:

Consumption by furnacesthous. of long tons. .

Imports* thous. of long t o n s -Receipts:

Lake Erie ports and furnacesthous. of long t o n s -

Other ports thous. of long tons. .Shipments from upper Lake ports

thous. of long t o n s -Stocks, total, end of month

thous. of long tons—At furnaces thous. of long t o n s -Lake Erie docks thous. of long tons—

Manganese ore, imports (manganese con-tent)* thous. of long t o n s -Iron, Crude and Semimanufactured

Castings, malleable:*Orders, new. short t o n s -Production short tons—

Percent of capacity.Shipments - short tons—

Pig iron:Furnaces in blast, end of month:

Capacity long tons per d a y -Number—

Prices, wholesale:Basic (valley furnace)—dol. per long ton._Composite pig iron dol. per long ton..Foundry, no. 2, northern (Pitta.)

dol. per long t o n -Production thous. of long t o n s -

Iron, Manufactured ProductsCast-iron boilers and radiators:

Boilers, range:fOrders:

New number of boilers..Unfilled, end of month, totalf

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—

294,95159,910

32.79

3,941170

4,6921,931

6,608

23,10718,0174,045

29

42,84643, 766

53.946,849

85,405145

19.0019.96

21.392,586

73,967

27, 27974, 24272,92138,161

3,3393,193

41,160

21,62519,523

143,991

289,64733,208

32.42

2,199158

3,0021,084

4,242

27,00222,8414,161

11

25,66827,548

33.531,905

49,18091

18.0018.96

20.391,553

106,605

65,29188,48685,41332,201

4,4872,710

41,917

16,43610,700

141,520

296,80231,894

32.44

2,198154

3,2951,240

4,461

29,50925,2274,282

16

25,52628,915

34.331,111

50.63,

18.0018.96

20.391,620

69,469

35,84292,88388,90836,176

2,8983,647

41,138

12,71116,332

137,923

247,31231,312

32.68

2,616109

3,4821,261

4,781

31,49126,9364,555

14

36,60235,245

42.527,772

56,81599

18.0018.96

20.391,761

51,648

23,51269,92263,87842,220

4,3124,368

41,139

21,46221,689

137,815

244,41953,158

32.82

2,654165

3,2501,349

4,818

33,46928,5124,957

16

35,66836,996

44.733,442

69,250104

18.0018.96

20.391,776

64,845

22,30661,80866,05137,753

4,1216,879

38,361

20,90631,761

126,889

238,35859,569

32.84

2,911114

3,1621,463

4,601

35,11529,7565,359

19

45,24643,467

61.040,132

67,655116

18.0018.99

20.391,978

83,929

25,64484,32880,59141,490

6,4670,485

35,389

27,42541,380

115,096

205,24256,637

33.15

3,026158

1,472657

1,557

34,27728,9645,313

15

47,77844.277

53.141,434

70,095122

19.0019.96

21.392,066

64,341

25,64763,50064,33840,652

3,7844,957

34,377

17,48720,325

112,592

230,26963,678

33.31

3,101138

180

0

31,34226,2486,093

13

42,67346,598

55.043,042

66,825120

19.0019.96

21.392,106

55,136

31,99957,72348,72649,625

3,2874,018

33,644

18,94116,330

114,019/

241,56850,489

33.34

2,952154

00

0

28,40423,4344,970

54

43,85248,198

57.143,386

63,660117

19.0019.96

21.392,026

70, K90

25, 54565,40977,34437,690

2,9773,120

34,106

17,59913,786

114,696

213,80243,358

33.48

2,632125

00

0

25,80920,9044,904

30

38,27840,611

49.939,384

64,550120

19.0019.96

21.391,824

62,143

25,38265,65862,30641,042

3,3432,437

35,053

18,45411,955

121,258

264,33756,720

33.21

2,898132

00

0

22,93318,1994,734

21

48,00845,536

55.946,823

68,395126

19.0019.96

21.392,040

62, 649

26,09464,22761,93743,332

3,9541,664

37,738

17,9578,984

129,933

301,98749,277

33.10

3,485177

09

19

19,37015,2424,130

19

47,93350,954

62.651,840

84,915144

19.0019.96

21.392,404

57, 631

20,17765,77363,54845,557

3,4561,683

35,429

18,17611,129

127,274

314,95059,391

32.92

3,882199

2,6511,409

5,050

19,24215,2693,974

39

44,13645,027

55.348,854

* 86,030146

19.0019.96

21.392,648

*66,598

25,58160,35261,19444,715

2,24344,882

19,04313,552

150,558

« Revised.* New series. Data on furniture activity, all districts, prior to April 1933 not published. For imports of iron and steel, see p. 20 of the November 1932 issue; for

malleable castings, p. 20 of the April 1933 issue. New series on iron and steel composite price was shown on p. 19 of the January 1935 issue.§ For 1932,1933, and 1934 revisions, see p . 45 of the June 1933 issue, p. 20 of the September 1934 issue, and p. 19 of the December 1935 issue, respectively.t Revised. Data prior to April 1933 not published on plant operations. For range boilers, see p. 20 of the July 1934 issue,• Imports from Cuba not included.# See footnote on p. 37 of this issue. For 1933 and 1934 revisions, see p . 20 of the October 1934 issue and p . 20 of the December 1935 issue, respectively.f Distribution of unfilled orders of deliveries of 30 days or less and deliveries of more than 30 days has been discontinued by the reporting source.

August 1936 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 1933 Annual Supplement to the Survey

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April M a y

METALS AND MANUFACTURES—Continued

IKON AND STEEL-Continued

Iron, Manufactured Products—Con.Cast-iron boilers and radiators—Continued

B oiler fittings, cast iron:Production short tons..Shipments short tons—

Boiler fittings, malleable:Production... short tons..Shipments —..—.short tons..

Radiators:Production

thous. of sq. ft. heating surface,..Shipments

thous. of sq. ft. heating surface..Stocks, end of month

thous. of sq. ft. heating surface..Radiators, convection type:*

New orders:Heating elements only, without cabi-

net? or grillesthous. of sq. ft. heating surface?..

Heating elements, including cabinetsand grilles

thous. of sq. ft. heating surfaced—

Sanitary Ware

Bathroom accessories:?Production.. .number of pieces..Shipments ..number of pieces..Stocks, end of month number of pieces..

Plumbing brass. (See Nonferrous metals.)Plumbing and heating equipment, wholesale

price (8 pieces)* dollars,-Porcelain enameled flatware: '

Orders, new, total.- .dollars..Signs _ dollars..Table tops dollars..

Shipments, total....—— dollars..Signs dollars..Table tops dollars—

Porcelain plumbing fixtures:Orders:

New, net number of pieces-Unfilled, end of month

number of pieces..Shipments number of pieces..Stocks, end of month...number of pieces..

Vitreous-china plumbing fixtures: tOrders:

New, net... number of pieces._Unfilled, end of month

number of pieces._Shipments.- number of pieces.-Stocks, end of month...number of pieces..

Steel, Crude and Semimanufactured

Bars, steel, cold finished, shipmentsshort tons..

Castings, steel:*AOrders, new total. short tons..

Percent of capacity....Railway specialties short tons..

Production, total short tons-Percent of capacity...Railway specialities.- short tons..

Ingots, steel :§Production thous. of long tons..

Percent of capacityPrices, wholesale:

Composite, finished steel _dol. per lb—Steel billets, Bessemer, Pittsburgh

dol. per long ton—Structural-steel beams, Pittsburgh

dol. per lb..Steel scrap, Chicago dol. per gross ton..

U. S. Steel Corporation:Earnings, net.. — thous. of dol—Shipments, finished products*..long tons—

Steel, Manufactured Products

Barrels, steel:Orders, unfilled, end of month...number-Production.. number-

Percent of capacityShipments-. number-Stocks, end of month number—

5,9816,132

4,1734,202

5,931

5,590

40,179

84

349

212.11

951,022284,068210,834978,254284,574234,884

3,793

3,9243,0349,270

41,178

94, 34579.1

52,46670, 32359.0

30,802

70

.0236

28.00

.018112.85

29,227

452,386

46.8627,06519,133

3,6104,321

3,1072,873

4,742

3,462

148

245,519228,210370,180

197.53

760,743274,078164,808773,531264,896174,671

2,101

4,1222,41710,600

161,199

191,060187,981381,675

25,600

30,25725.46,48027,66523.25,443

2.25941

.0244

27.00

.01809.97

14,118578,108

976,634460,737

34.0457,37030,746

4,2014,696

3,0733,036

3,422

4,675

35,610

82

167

338,449321,312386, 716

202.01

753,635300,160146,128770,024307,018153,937

2,391

3,7022,7719,405

319,589

293,904216,745403,381

25,295

34,57029.09,57431,12526.15,857

2,26839

.0244

27.00

.018010.35

547,794

932,843509,121

37.4505,94234,925

5,5426,210

3,6203,481

6,470

35,384

74

269,863243,262402,707

207.62

890,631312,172193,944801, 207292,709169,204

3,193

3,6452,9158,579

250,648

236,890295,880363,914

29,863

45,42638.1

17, 11134,97229.38,598

2,91649

0243

27.00

.018012.38

624,497

930,831529,414

38.8

36,001

5,8606,330

3,6273,392

5,937

7,701

187

341,770312,007400,018

207.70

822,997213,599245,107830,241243, 535222,447

2,864

3,3393,0266,635

179,928

175,140241,678359,308

34,439

29,99525.25,61635,41129.7

10, 568

2,82551

. 0243

27.00

018012.50

13,470614,933

853,986532,433

38.9

38,001

7,4518,454

4,1624,670

7,430

10,055

31,493

114

231

362,580326,585407,886

207.80

937,394257,005258,369949,349218,000

3,095

3,5832,7136,685

132,378

117,289190, 229424,242

47,301

34,55329.08,201

42, 59735.7

12,347

3,14353

.0243

27.00

.018012.50

686,741

725,748790,057

58.9791,46936,589

6,8356,620

4,5324,357

5,037

6,616

30,000

113

170

464,176408,402387,233

208.13

816,050236,380195,795817,866249,153195,707

2,158

2,7632,7466,874

132,867

112,621137,535516,677

33,670

32,71427.47,07136,16530.3

10,024

3,15055

,0243

28.00

.018013.00

681,820

620,571535, 514

40.2537,94734,156

5,5894,248

3,7942,503

4,706

5,413

29,420

60

130

292,770283,996393,481

208.18

751,629191,827236,173676,656196,287169,096

1,594

1,9121,9357,268

139,596

128,020124,197629,750

32,285

40,52934.0

13,91937,79331.7

10,076

3,07356

.0243

29.00

.018013.35

20,418661, 515

341,693478,592

36.0480,91831,830

5,7305.194

3,970

4,733

4,183

30,243

145

136

266,574216,910488, 747

209.35

773,108283,139197,974666,820172,813194,726

2,529

2,7221,5977,836

373,413

281,827219,606

35,097

59,01949.5

22, 54244,298

37.113,373

3,04651

.0243

29.00

.018013.38

721,414

400,608479,873

35.9478,58829,171

5,1075,217

3,9823,475

4,951

3,086

32, 224

62

121

300,108254,473526,039

212.25

786,380223,994196,817727,162169,453187,073

2,288

3,2271,7308,595

204,249

256,377229,699642,893

27,917

51,70143.4

16,65047,954

40.215,830

2,96454

.0243

29.00

.018014.19

676~315~

349,752476,465

35.6471,481

34,155

5,7215,325

3,8173,663

5,046

2, 720

34, 779

63

117

370,732335,338553,141

212. 31

877,593206,115154,291908,433220,427176,295

1,692

2,7532,0688,962

165, 624

194,337227, 664674, 282

31,378

71,34159.8

32, 54251,674

43.317,385

3,34359

.0237

28.20

.018014.75

17, 665783, 552

341, 248578, 705

43.3577,24035,260

6,0325,940

4,2964,201

6,345

3,439

36,997

51

202

447, 533386, 783587,891

212.19

1,088,105265,338238,447

1,076,233315, 556205, 747

2,441

3,0531,8969, 515

143, 323

168,820168,840738, 580

33,512

83,18869.8

45, 94263,087

52.924, 712

3,94269

.0236

28.00

.018014.34

~979,~967~

299,745650,028

48.5658,657

27,991

5,7685,923

4,1964,442

6,253

4,175

40, 368

74

233

1487,9421466,1711522,025

212.10

1,005,791265,199187,662

1,002,735281,205189,980

2,526

3,2512,1959,683

157,807

158,380167,367

36,232

63, 95053.6

25,75564, 246

. 53.925, 857

4,046

71

.0236

28.00

.018012.88

17 984,097

400,184636,449

47.5643,841

19,599

* Data covering non-vitreous clay, recessed and attachable accessories not included.• Data on convection type radiators, prior to January 1932 not available For earlier data on wholesale price of plumbing and heating equipment, see p. 20 of the

January 1933 issue; for steel castings, p. 20 of the October 1934 issue; and for United States Steel Corporation shipments, see p. 18 of the January 1934 issue.% In equivalent direct radiation.t Revised series. For earlier data on bathroom accessories see p. 20 of the October 1933 issue. Data on vitreous china plumbing fixtures revised beginning January

1933, see p. 47 of the April 1935 issue; revisions for 1933 will be shown in a subsequent issue.A Steel casting series revised January 1935 by the increase of the number of companies from 164 to 180; comparable data not completed for 1934 and earlier years.

Figures for 164 companies in January 1935 were new orders, total 31,816, percent of capacity 20.3; new orders, railway specialties, 6,835; production, total 28,519; percentof capacity 18.2; production, railway specialties 6,052.

5 For 1932 revisions see p. 46 of the July 1933 issue; for 1933, p. 47 of the August 1934 issue; for 1934, p. 50 of the August 1935 issue. Revised figures for the first quarterof 1935 are: January 2,870,000, February 2,774,000, and March 2,865,000 long tons

46 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August SQtT' October Nohvperm- ^ f 1 "

1936

January Febru-ary March April May

METALS AND MANUFACTURES—Continued

IRON AND STEEL-ContinuedSteel, Manufactured Products—Con.

Boilers, steel, new orders:Area - thous. of sq. ft—Quantity „_..number of boilers..

Furniture, steel:Business group:

Orders:New thous. of dol—Unfilled, end of month—thous. of dol—

Shipments thous. of dol—Shelving:A

Orders:New thous. of dol—Unfilled, end of month-thous. of dol—

Shipments.. thous. of dol—Safes:

Orders:New... thous. of dol—Unfilled, end of month—thous. of dol—

Shipments thous. of dol-Lock washers, shipments., thous. of dol—Plate, fabricated steel, new orders, total

short tons-Oil storage tanks. . , short tons—

Sheets, black, blue, galvanized, and full fin-ished:

Orders:New™, short tons—Unfilled, end of month short tons—

Production, total , short tons—Percent of capacity — _.__

Shipments short tons—Stocks, end of month, total short tons—

Unsold stocks short tons—Tin and terneplate:*

Production thous- of long tons-.Track work, production short tons—

MACHINERY AND APPARATUSAir-conditioning equipment:!

Orders, new, total.., thous. of dol__Air-washer group -thous. of dol—Fan group ..__ .-thous. of doL.Unit-heater group— thous. of dol—

Electric overhead cranes:Orders:

New thous, of dol—Unfilled, end of month thous, of dol—

Shipments _ thous. of doL_Electrical equipment. (See Nonferrous

metals.)Exports, machinery. (See Foreign Trade.)Foundry equipment:

Orders:N e w — — 1922-24=100-Unfilled, end of month 1922-24=100—

Shipments „ 1922-24=100..Fuel equipment:

Oil burners:*!Orders:

New no. of burners-Unfilled, end of month.no. of burners._

Shipments no. of burners..Stocks, end of month no. of burners—

Pulverized-fuel equipment:Orders, new, storage system:

Furnaces and kilns-.no. of pulverizers..Water-tube boilers..no. of pulverizers,-

Orders, new, unit system:Fire-tube boilers no. of pulverizers..Furnaces and kilns.no. of pulverizers..Water-tube boilers.no. of pulverizers. >

Stokers, mechanical, new orders:1Class 1, residential .number..Class 2, apartment and small commer-

cial—. .number..Class 3, general commercial and small

commercial heaters.. number__Class 4, large commercial:

NumberHorsepower

Machine tools:*Orders:

New* avg. mo. shipments 1926=100..Pumps:

Domestic, water, shipments:fPitcher, hand, and windmill units. .Power, horizontal type units-

Measuring and dispensing, shipments:Gasoline:

Hand-operated „ — u n i t s —Power units..

Oil, grease, and other:Hand-operated units-Power ._ units—

1,1311,049

1,5651,0701,470

448294416

224216226246

51,99921,861

261,439276, 551210,448

69.2203,853136,60575,912

6,507

81,106626

2812,242680

141.4130.8153.0

15, 7884.07814,44919, 221

00

31131

4,381

199

76

24249,376

128.8

51,4841,198

5748,774

9,916964

391523

1,236845

1,137

313152291

170277150204

17,9141,872

128,957112,944143,309

47.7160,812126,53174,099

1404,210

1,522215813495

6821,782217

100.2135.682.2

9,6771,32510,04414, U4

00

124

2,432

158

55

17834,821

91.1

29,859908

6724,451

7,433651

519536

1,331943

1,225

272167257

145287134203

18,8904,193

206,313170,299145,505

48.1152,146125,37872,632

4,054

1,502173895435

1541,604332

94.0126.5102.3

10, 4342,0899,67017,005

00

0810

2,872

190

96

199. 43,594

119. 8

33, 7341,004

6395,757

7,048668

544735

1,333948

1,327

309216260

145268164147

23,6283,505

207,140204,108206,613

68.3180,893138,43275,391

4,028

1,418154693571

4401,801233

113.0142.397.2

15,3201,86015, 54918,422

00

0217

4,931

348

164

26947,355

125.8

33,863939

7767,551

8,0051,030

575829

1,393980

1,361

336210342

172281159235

31,1053,531

196,423198,424190,701

63.0176,897142,92275,581

2,962

1,35960586713

2451,475471

128.5144.5124.7

29,0903,80727,14311,631

00

167

8,687

615

272

34555,260

80.0

30,014782

6625,121

7,631956

784787

1,6181,0361,562

348212346

200277205246

30,5305,850

226,209211,452222,963

73.5220,536146,30883,200

3,495

1,71396596

1,021

1941,166503

140.0164.7119.7

24, 0882,10825, 65712,047

00

1924

8,777

683

268

31051,031

102.9

21,775915

5645,491

7,9631,178

464587

1,507945

1,591

323206329

188285180261

19,1162,617

289,101286,799224,541

74.1213,453149,12281,597

3,090

1,833170854809

3921,082476

100.4119.2145.2

9,5531,61210,04914,101

00

2313

4,287

359

145

21334,849

98.6

22,358681

5834,785

8,166- 699

685595

1,520908

1, 558

370196379

182255205206

35. 5849,341

203,318299,394208,774

68.9195,077149,21374,516

3,025

1,958135673

1,151

3861,194274

118.190.8147.6

7,7651,6487,72915,565

00

01633

3,078

281

108

19634,166

98.3

19,493613

5924,901

5,993823

623634

1,619940

1,586

389243342

203169176255

38, 7093, 354

174,805267, 673223,000

73.3207,437152, 28384,037

3,366

C1)(0571711

261,700217

127.0107.5110.4

7,2751,4877,43613,437

20

11320

2,065

187

84

16127, 297

110.8

39, 221772

4264,517

5,678966

810705

1,427882

1,484

325198371

189173185219

27,8305,940

138,244231, 660191,359

62.9175,702168,57286,971

4,116

0)0)690715

3491,676373

110.4130.4114.5

7,1391,5317,09514,057

00

7517

2,342

167

71

12625,120

112.1

35,621659

5693,992

4,401881

590594

1, 667964

1,586

419235382

227190210232

29, 7873,620

251,818280,493207,820

68.3209, 673141,91670,648

6, 258

0)0)954561

3631,723317

115. 094. 4124.0

9,2352,0348,73215,090

10

1616

2,376

130

40

13224, 775

105. 3

41,192964

5995,226

9,4921,259

784687

1,583913

1,634

378229384

251197244313

29,9005,678

190,269221,950217,975

71.6252,441124,23965,783

7,031

0)0)948576

5722,026277

134.0123.2105.1

10,3732,36510,04216,901

00

1238

2,745

130

44

15243,080

125.7

40,004968

8518,703

9,720844

723721

1,514975

1,451

414262381

228218207251

«51,2579,311

191,511217,831224,056

73,6210,127138,51072,333

7,314

(00)1,059564

2,641

165.4142.6146.7

12, 5782,739

12,20418,794

00

13

25

3,547

123

60

18336,935

118.9

41,2591,229

7988,923

10,3321,110

i Comparable data not available. See the regular monthly report of the Census Bureau for detailed data on this industry.* New series. For earlier data see p . 20 of the December 1932 issue for tin and terneplate and p. 20 of the July 1934 issue for machine tools (including forging equip-

ment). Current oil-burner series, available only back to January 1933, are based on reports from 160 concerns.f Revised series. Data on air-conditioning equipment revised starting January 1933; see footnote on p. 48, April 1935. The revisions for 1933 will be shown in a sub-

sequent issue.% Oil burners revised for 1934 and 1935, to exclude data erroneously reported. See p . 51 of the April 1936 issue. Data for 1933 and 1934 will be shown in a subsequent issue.A Revised data on steel furniture shelving for years 1932, 1933, and 1934 will be shown in a subsequent issue.1 Revised series on mechanical stokers, see p. 48 of the April 1935 issue; domestic pumps starting January 1934, see p. 49 of the April 1935 issue.• Series covering shipments and unfilled orders temporarily discontinued

August 1936 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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

METALS AND MANUFACTURES—Continued

MACHINERY AND APPARATUS—Con.

Pumps—Continued.Steam, power, and centrifugal:

Orders, new..,. thous. of dol—Water-softening apparatus, shipments^

units. _Water systems, shipmentst ^ ..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 tons._Price, scrap, cast (N. Y.) dol. per lb..

Babbitt metal (white-base antifriction bear-ing metals):

Production! thous. of lb_.For own use thous. of lb__Salesf - thous. of lb__

Copper:Exports, refined0 ._.„.._„ short tons__Imports, total§ # —short tons..

Ore and blister -._ short tons..Price, electrolytic (N. Y.)___-dol. per lb_.

Lead:Ore:

Receipts in U. S, ore short tons..Shipments, Joplin district...short tons..

Refined:Imports# - - short tons..Price, pig, desilverized (N. Y.)

dol. per lb__Production _ .short tons..Shipments, reported— short tons..Stocks, end of month short tons—

Tin:Consumption in manufacture of tin and

terneplate* - long tons,.Deliveries _ Jong tons..Imports, bars, blocks, etc.# long tons__Price, Straits (N. Y.) ....dol. per lb__Stocks, end of month:

World, 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 lb_-

Production, total (primary) f_ .short tons—Retorts in operation, end of mo—number..Shipments,, totalf ...short tons.-

Domestic! short tons..Stocks, refinery, end of monthf-short tons—

Electrical Equipment

Furnaces, electric, new orders kilowatts-Electrical goods, new orders^ (quarterly)

thous. of doL.Laminated phenolic products, shipments

dollars..Mica, manufactured:

Orders, unfilled, end of monththous. of doL.

Shipments thous. of doL.Motors (direct current):

Billings (shipments) dollars-Orders, new _ .dollars..

Panel boards and cabinets, shipmentsthous. of doL.

Porcelain, electrical, shipments:Special dollars..Standard ._ dollars..

Power cables, shipments thous. of ft..Power switching equipment, new orders:

Indoor..„ dollars-Outdoor dollars-

Reflectors, industrial, sales . . .un i t s . .Refrigerators, household, sales* number..Vacuum cleaners, shipments:

Floor cleaners number..Hand-type cleaners* number..

1,05216,714

445597267445

41,043.1188

2,374495

1,879

23,96914,671

31,8283,500

1,027

.046036,75637, 736

230,481

7,7958,134,4222

14,2603,054

29,42039, 240

44,94740,70041,65441, 65485, 003

1,135,858

146187

536

72,4251.43,86897,032

237,371

80,64922,295

53510,989

5284463

185

16,670.1146

1,815601

1,214

27,25216,49215,754.0863

22,952

889

771

.040226,978

231,077

2,2804,6155,320.5107

14,2755,467

23,01323,725

.043034,637

29,35329,353

112,909

783

134,925

643, 770

105158

358,543348,349

258

62,88233,566

542

30,18098,06662, 608

161,525

58, 701. 22,521

747

49310,827

5400515

177322

18,272. 1138

1,880549

1,331

27,07926,19724,967.0778

25,8633,437

2,181

.041230,48834, 575

230,915

2,6105,2904,179. 5229

13,1623,227

28,29623,529

.043335,12033,88432,30632,306

115,723

6,704

740,922

77117

432,406403,480

279

64,79330, 284

355

60,452139,51265,068

*154,227

56,90613,950

741

57711,060

1304456

240384

19,047.1164

1,893422

1,471

30,90010, 5689,652.0798

29,8906,292

1,143

.042530,80738,195227,583

2,8505,3204,615.5044

13,2462,681

38,58425,865

.045435,54732,94238,824

112,446

1,583

801,292

124161

366,222357,945

374

62, 71128,902

325

45,823130,628

110,161

65,12816,227

615

5838,560

11281422

170302

17,960. 1219

2,002384

1,618

20,05022,23921,087.0850

28,599

1,440

.044129,35837,615224,992

1,7905,3606,773.4907

11,9392,849

36,43625,409

.046736,22134,87042,35142,351106,316

1,609

143,132

832,902

119172

374,026454,450

285

79,37734,737

332

46,781102,71.971,09353,622

78, 34327,478

658

8128,946

2404441

249373

16,246.1251

2,294650

1,643

20,27524,32723,095.0897

27,8473,006

1,774

.045137,84442,271225,309

1,8905,3554,095.5121

13,4251,389

34,736

.048336,71634,77747,06347,063

1,903

1,061,285

179201

348,942445,613

101,10841, 249

455

43,435127,34783,00243,706

93,62729,047

719

7158,125

9311404

241

14,534.1263

2,113613

1,500

25,59220,77220,118.0903

31,4127,977

521

.045036,22943,035222,636

2,1204,0354,700.5188

15,0491,472

48,57925,344

.048537,46936,65048,17248,17285,266

2,055

878,041

109187

490,201405,167

293

83, 23835,458

293

46,328135,29387,81146,930

85,81629,261

832

7,195

520462

188419

24,439.1263

1,954469

1,485

22,10427,45625,255.0903

31, 6488,639

1,217

.045037,95842, 333222,306

2,3505,3606,287.4977

13,7822,312

40,88921,000

.048540,55038,32942,05842,05883,758

1,369

139,012

813,455

121147

571,756625,708

306

70,698

233

64,691115,24781,80775,904

86,76326,570

1,039

7549,856

12449538

190361

24,251.1260

2,510546

1,964

12, 57314,74912,935.0903

29,4643,183

.045034,08834, 590224,013

2,300

6,646.4724

13,3382,985

35,20024,900

.048541,91738,20546,46846,46879,207

2,258

826,393

135178

432,481454,601

81,00453,858

323

41,63791,52297,360119,764

74,73324,999

1,044

7376,371

412581

201365

18,997.1257

2,013524

1,489

19,31316,723

.0903

28,1956,467

742

.045232,22133, 086225,010

2,4005,6006, 525.4792

15, 6073,523

36, 77025,130

.048636, 22838,00439,91839, 91875, 517

3,903

844,374

113153

533, 595612,483

78,91429,923

419

63,163156, 31370,693179,056

23,769

1,068

98010,364

5417632

224358

19,938.1263

2,064453

1,612

17,43816,427

.0903

29,3414,550

946

.046032,18436,743223, 388

2,3505,5206,104.4799

16,0743,968

38, 64026,930

. 049042,48337,92238,15938,15979,841

2,992

153,452

924, 238

157188

424,944585,348

77,69027,694

446

57,981166, 01189,044272,139

114, 00135,878

1,03111,496

7377610

217383

21,685.1257

2,414549

1,865

16,70011, 310

.0917

29,5352,950

718

.046036,17540,457229, 991

2,8506,2354,994.4694

13,3282,713

46,06028,070

.049043, 25241,40042, 31142,31180,782

3,246

1,004,258

143210

518,3575H 719

92,63735,228

408

214,250111,617304,089

105, 55929,588

1,029

1,01413,106

439604

247444

28,003.1207

2,312420

1,893

19,68315,700

.0928

30,5474,540

2,967

.046039, 55833,125229,409

3,3005,2355,493.4630

15,9672,941

40,90033,560

.049044,90541,04843,97743, 97781,710

3,637

1,145,695

132202

524,953613, 371

84,436

533

77,795162,16388,971

329,140

105,27532,175

•Revised.* New series: For earlier data, see p. 20 of the December 1932 issue, for tin and terneplate; p* 20 of the July 1935 issue, electric reirigerators; and p. 20 of the August 1934

issue, for hand-type vacuum cleaners.t Data for Babbitt metal revised for the period January 1932-D ecember 1935; see p. 20 of the July 1936 issue. For 1933 revisions on zinc see p. 49 of the January 1934

issue; for 1934 see p. 49 of the February 1935 issue; for 1935, see p. 52 of the February 1936 issue,t Present series on water systems cover 52 companies.• For revisions for 1932, see p. 48 of the June 1933 issue; for 1933, p. 20 of the September 1934 issue; for 1934, p. 19 of the December 1935 issue.§ Data for 1932 revised; for 1932 revisions, see p. 48 of the June 1933 issue, total imports of copper.# See footnote on p. 37 of this issue. Data for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions, see p. 20 of the December 1935 issue.T Revised series on water systems starting January 1934; see p. 49 of the April 1935 issue; for earlier data on new orders for electrical goods, see p. 19 of the August 1933

issue. New series on water-softening apparatus revised starting January 1933; revisions for 1933 will be shown in a subsequent issiie.

48 SUKVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

METALS AND MANUFACTURES—Continued

NONFEBROUS METALS ANDPRODUCTS—Continued

Electrical Equipment—Continued

Vulcanized fiber:Consumption _ thous. of lb—Shipments - thous of dol

Welding sets, new orders:AMultiple operator units-Single operator units—

Miscellaneous Products

Brass and bronze (ingots):*Shipments and deliveries- __ net tons—

Brass, plumbing:Shipments* t number of pieces

Brass sheets, wholesale price, milldol. per l b ~

Copper, wire cloth:

New thous of sq ftUnfilled, end of m o n t h s thous. of sq. r e -

production —— thous. of sq. ft—Shipments ^ thous. of sq. ft—Stocks, end of month thous. of sq.ft—

2,116489

0881

5,996

1,342,610

.151

408500413379740

• 1,716363

7324

4,111

995,808

.143

411472376375801

1,579344

3387

4,507

1,048,172

,136

441509358375787

1,524420

2479

5,297

1,156,791

.138

417486416419781

1,423420

0480

5,195

1,195,230

.142

439560375359788

1,782509

7430

6,294

1,388,845

.145

386483442440741

2,112440

0467

5,944

1,131,066

.146

424527384396725

1,718387

0543

5,894

916,783

.146

386505379395695

1,781455

2796

5,948

1,240,615

.146

418r

528447398'689,

1,635417

0810

5,645

1,155,921

.146

370495406416689

1,830492

21,048

5,897

1,210,393

.146

413516424411709

2,129470

11,073

6,012

1,275,836

.148

369412450439702

2,248471

5830

5,747

1,274,888

.151

416441387386706

PAPER AND PRINTING

WOOD

Consumption and shipments short tons..Groundwood — short tons—Sulphate short tons-Sulphite, total _ short tons—

Bleached _ short tons..Unbleached- short tons—

Soda— .short tons—Damaged, off-quality & misc'Lshort tons—

Production, all grades short tons—Groundwood--. —short tons—Sulphate -.short tons—Sulphite, total short tons-

Bleached short tons—Unbleached short tons—

Soda*.-. short tons..Damaged, off-quality & misc'L .short tons—

Stocks short tons-Groundwood _ ——short tons—Sulphate—- —.short tons-Sulphite, total short tons-

Bleached short tons—Unbleached short tons-

Soda short tons-Damaged, off-quality & misc'L .short tons-

Imports:Chemical, totalf# short tons—Groundwood# short tons-

Price, wholesale, sulphite, unbleachedd l 1

Total paper: fPaper, including newsprint and paper-

board:Production short tons-

Paper, excluding newsprint and paper-board:

Orders, new — short tons-Production f - short tons—Shipments!—- short tons-

i l 1, 078147,268138,11186,49451, 617

6,524

109,875148,148139, 59187,12352,468

6,164

~57,~193'7,96549,10434, 26014,844

235

235,12914,529

1.93

364,77893,018115,381122,29876,55845,74026,9097,172

357,43794,493114,527114, 22369,94244,28127,0007,194

126,97773,5325,00143,02926,43416,5954,598817

155,40616,744

1.90

'721,908

•348, 775'388,233376,018

356,08187,967115,875116,81073,84342, 96727,5887,841

353,83981,946116, 216120,09977,87542, 22427,7877,791

124,73567,5515,34246,27830,46615,8124,797767

147,95211,715

1.90

700,349

«356,948«367,345"367,914

379,14990, 857127,001125,22676,03649,19029,5636,502

371,15979,630128,039127, 70778,10949,59829,3996,384

116.70456, 2846,38048,75932,53916, 2204,632649

151.70514, 300

1.90

«815, 630

°440,921«449,343

362, 50486,047120,234121,76772,67549,09227,1267,330

355,41675,357119,590125,67176,48649,18527, 5417,257

109,61645,5945,73652,66336,35016,3135,047576

165,84814,818

1.90

756,573

'415,046°395,715

401,864

127,598136,62378,62457,99930,4838,795

389,33189,067126,332135,19378,22756,96630,0228,71797,683

4,47051,23335,95315,2804,586498

228,50431,097

1.90

a914,297

"493,851«488,727«484,855

394,48598,100124,418134,29179,01155,28030,2567,420

388,78594,007125,609132,29475,97756,31729,1717,70491,984

5,66149,23632,91916,3173,502782

199,81223,621

1.90

'783,341

°398,139M10,096«411,434

388,24496,445120,807135,31778,21757,10029,3996,276

99,402121,148130,97575,23655; 73928,8216,17790,26335,7606,00244,89429,93814,9562,924683

243,85828,116

1.00

717, 604

'369,837'398,141°383,172

'415,790'107,413139,951129,24977,10052,14932,0997,078

"419,946106,794139,329134,29079,70454,58632,3817,152

°89,343«30,3605,28549,73532,63917,0963,206757

213,83720,392

1.90

°819,300

•451, 268(469,036«472,010

'393,987°97,411130,084'129,517«77,17452,343

6,336

'100,575131,642'129,000ft78,10550,89530, 9896,134

0 93,696°33,5246,843

«49, 218°33,57015,6483,556555

160,64913,796

1.90

753,581

"401,523"410,225«400,525

405,401102,102«136, 426127,28177,72649,55532,8736,719

417,948110,057136,076133,14380,74952,39431,7946,878

106,190«41,479«6,44055,08036,59318,4872,477714

143,57620,457

1.90

776,471

•453,983"414,714«413,778

443, 272110,806136,761154,30098,79155,50934,7846,621

441,901120,054137,792142,45990,47451,98535,1046,492

104,81950,7277,47143,23928,27614,9632,797585

122,06013,905

1.90

867,931

485,208496,498485,666

437,970112,758148,433138,50484,91053, 59431,6696,606

450,261120,427148,047142,88990,26552,62432,2826,616

117,10958,3967,08547,62433,63113,9933,409595

166,04821,437

1.91

798,060

415,828432,814424,281

0 Revised.• Since April 1935 figures are not as complete as during the period of the operation of the Code Authority. Figures for period January 1934-April 1935 would be fairly

comparable if reduced by about 15 percent.A These series have covered a varying number of companies for period covered in survey; percentage of industry coverage not known. Reports have been from 12

companies since January 1934.t In September 1935 3 firms discontinued reporting; data of 3 firms of equal size were added, thereby maintaining the comparability of the series.t Revised series. See p. 49 of the June 1933 issue for 1932 chemical wood pulp imports. Data on total paper for 1934,1935, and 1936 revised. Revisions for 1934 and

months of 1935 not shown above will appear in a subsequent issue.* New series. Data prior to October 1931 not published on plumbing brass.# See footnote on p. 37, of this issue. Date for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue.§ The figures on paper (including total, fine, and wrapping) are as reported by the American Paper and Pulp Aftotiation, except book paper, the data on which are

reported by the Book Paper Division of the Paper and Pulp Industry; they are not comparablt with the data carried in the SUKVEY from the American Paper and Puip As$o-eiation through December 1933. The present classification of the association differs from that previously used by them, as well as from the Bureau of the Census classi-fication. In addition to the classes shown, the association also reports on printing paper (including uncoated book), boards, paperboard, and newsprint. The first twoof these classifications are not used in the SURVEY, while the Bureau of the Census report is used for paperboard and the Newsprint Service Bureau's report for newsprint(the latter series is identical with that reported by the association). The ratio of the production reported by the association, the Newsprint Service Bureau, and the Bureauof tbe Census (monthly report on paperboard) to the annual figures reported by the Bureau of the Census for 1934 follow: Total paper, 87.4 percent; fine paper, 76.1 per-cent; wrapping, 109.7 percent (present classification of association is much broader than is Census or earlier association classification); paperboard, 68 percent of all paper-board, but 81 percent of the more comparable classifications of container board and boxboard; book paper, uncoated, 95 percent and coated 100 percent (book paper esti-mates are by association since the data cannot be checked with Census data); and newsprint, 97 percent. Figures for the first 5 months of 1934 on book paper are not avail-able. Data are available for the other series for the months of January to April 1934. These figures will be shown in a subsequent issue.

^ See footnote marked "A" on p. 60 of the March 1936 issue.

August 1936 SUEVEY OF CURRENT BUSINESS 49

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

Janu-ary

Febru-ary March April May

PAPER AND PRINTING—Continued

PAPER—Continued

Book paper:* |Coated paper: j

Orders, n e w . . . short tons—Orders, unfilled short tons—Production — s h o r t tons . .

Percent of potential capacityShipments* .„_ short tons . .Stocks, end of mon th . . short tons . .

Uncoated paper:Orders, new - short tons . .Orders, unfilled short tons..:Production short tons . .

Percent of potential capacityShipments short t o n s -Stocks, end of month short tons . .

Fine paper:*Orders, new -.—.short t o n s -Orders, unfilled .short tons . .Production . . . . . . s h o r t tons . .Shipments . . . short tons . .Stocks, end of month short tons . .

Wrapping paper:*Orders, new . short t o n s -Orders, unfilled short tons . .Production short t o n s -Shipments _ - short tons . .Stocks, end of month . short tons . .

Newsprint:Canada:

Exports - short tons . .Production . . . short tons . .Shipments from mills short tons . .Stocks, at mills, end of month

short tons . .United States:

Consumption by publishersshort tons . .

Imports # short tons—Price, rolls, contract, destination, N . Y.

base. . . dol. per short ton . .Production, total short t o n s -Shipments from mills. . short tons . .Stocks, end of month:

At mills short tons . .At publishers short tons__In transit to publishers—short tons—

Paperboard: §Consumption, waste papert—short tons . .Orders:

New short tons . .Unfilled, end of month short tons . .

Production.. short tons . .Percent of capacity -

Stocks of waste paper, end of month:At millst. - short tons . .In transit and unshipped purchases

short tons—

P A P E B P R O D U C T S

Abrasive paper and cloth, shipments:Domestic reams..Foreign reams—

Paperboard shipping boxes:Shipments, to ta l . . . .mills, of sq. ft—

Corrugated* mills, of sq. ft_.Solid fiber* ^mills. of so., f t . .

P R I N T I N GBlank forms, new orders.. thous. of sets—Book publication, totaLnumber of editions..

New books.— number of editions™.New editions number of editions..

Operations (productive capacity).1923=100..Sales books:

Orders, newt - —_- -.—Shipments •_

16,5028,218

19,26068.0

18,49712,245

77,31335, Q1386,676

71.683,71883,644

283,589270,051

73,199

178,396222,187

41.0079,83074,710

21,027193,46440,573

234,315

282,43196,402

279, 39070.8

218,330

(0

76,0849,479

1,945242

100,725729602127

17,4850)

15,8359,118

18,26456.9

17,21516,861

72,22226,75482,098

66.778,74066,352

25,9668,276

31,19629f 18256,550

118,94355,634132,181129,561107,000

227,215232,020228,196

57,771

161,884202,878

40.0077,01076,994

16,294211,07129,914

213,523

248,65678,020256,665

66.5

230,365

32,864

61,2948,538

1,8321,626206

73,78067449517978

14,39911, 672

18,4648,79819,33555.8

19,44117,194

78,19029,86486,12163.2

84,99670,154

24,6069,42126,65025,91055,716

122,95357,596121,304121,871104,715

219,461234,753226,884

65,705

153,811190,872

40.0072,79771,213

17,887223,36429,220

217,934

259,48678,241260,207

61.4

233,784

47,039

61,1167,364

2,0171,772245

82,6865004039775

14,91512,677

18,3908,15319,36359.4

19,26715,605

80,14330,48088,20168.2

85,88071,860

a33, 6248,067

•35, 43956,931

162,91660,807160,510159,808105,116

220,866235,573225, 736

75,305

148,142195,057

40.0075,16074,676

18,235232,20026,100

246,537

297,34986,767291,127

68.7

228,137

32,432

62,2016,719

2,1611,912250

93,80771451919580

14,64812,931

18,9038,80818,64064.3

17,65416,595

83,40035,46487,91170.1

88,12773,098

•28,6669,26928,49428,59956,903

141,54170,686135,278132,926107,856

208,912233,968225,403

73,818

160,558190,272

40.0071,26273,067

16,450221,11438,703

244,963

307,103105,088289,596

74.1

38,420

66,4558,743

2,1761,931245

88,721787611176

14,64312,906

19,9127,92421,19765.0

21,72816,064

32,77195,89472.4

92,41574,820

37,7638,66639,075

56,504

184,47179,566176,973175,974107,655

240,421266, 515266,679

73, 579

179,821222,811

40.0079,97482,220

14,340222,36234,754

351,887107,074345,596

79.5

214,685

40,780

73,0579,082

2,4122,165247

100,16086868118785

17,50314,804

19,2647,225

20,06658.1

20, 74616, 580

87,25235,06589,262

66.491,19774,399

29,8028,245

31,28130,70956,867

134,34373,774

138,523140,060105,468

244,037262,854285,179

50,993

187,448234,305

40.0078,95581,151

12,47322,37744,727

246,318

272,47788,971

294,29073.6

213,297

35,044

66,4539,428

1,9911,796

195

94,57489770019786

15,78513,117

17,35210,04318,831

63.719,14514,961

82,55837,74691,075

71.584,96479,518

29,9128,857

31,63328,35560,206

125,29071,348

131,544127,051108,178

277,838244,732265,233

30,138

186,514249,876

40.0075 6979 72

10,266240,83853,302

196,429

234,75381,894

243,59460.9

211,029

35,269

55,74015,231

1,7811,604

176

92,11383668814884

15,50013,127

22,35210,35123,106

63.423,64016,243

98,10840,212

101,22371.8

99,76981,821

43,58210,56041,97943,46759,143

149,30559,041

160,822163,312106,644

184,884227,955181,403

76,658

161,185179,982

41.0079,33674,126

14,275237,95535,178

229,064

283,89094,210

270,92863.4

216,040

39,737

65,7847,712

1,9641,768

195

•95,19653643010682

14,9660)

22,54111,36421,84466.8

22,75215,050

93,96043,73996,06873.9

96,29381, 713

12,81338,15534,80362,400

125,55758,545130, 719126,821110,424

184,079221,190206,010

92 082

182,313157,456

41.0072,24970,650

16,032221,16539,387

226,216

268,84391,917271,107

68.4

193,919

4,575

1,8461,653194

84,85384267616683

13,033

31,09617,31424,69776.0

25,99812,528

128,90265,508101,669

80.0107,11673,349

16,12133,67635,43561,141

133,75561. 447132,887128,056114,066

256, 564242,900239,253

96, 254

183,974220,641

41.0076, 50074,482

18,163203,81440,851

237, 601

290,85496, 202285,257

69.4

204,376

38,167

67,4059,769

2,0191,804215

95,18995380115282

15,7780)

18,61011,33623,52579.0

23,73411,992

85,54849,939107,533

85.4105,68976,033

44, 62016,16947,99045,11961,545

177,51077, 344165, 537161, 543118,269

192,894258,721267,296

85,629

183,399203,590

41.0076,50477,714

17,087188,45348,567

245,566

298,18099, 796294,929

71.6

204,353

44,306

77, 56110,241

2,0951,873222

101,80585471813684

15,031

0)

17,0979,10621,40971.0

21,30812,093

72,89037,36997,369.77. 5

90,50782,280

30,92213,19435,56133,55962,510

151,01373,312140,120144,232114,092

258,288267,067286,445

66,240

227,216262,580

41.0075,719

a 77,273

15,906191,46344,860

241,895

92,784289,527

71.0

213,435

0)

90,0647,864

2,2682,035233

96,677990795195

15,581•0)

t Revised'series. Data for period January 1933-January 1934, inclusive, on consumption and stocks of waste paper at mills will be shown in a subsequent issue.Sales books, new orders, have been revised beginning January 1935 to include the statistics of 2 members not included heretofore. The data now represent 90 percentof all the sales books sold in the United States. For 1935 revisions see p. 54 ot the May 1936 issue. Revised data for 1935 not shown above, January 13,727, February13,895.

i Discontinued by reporting source. , .§ The Bureau of the Census has changed the title of the "Boxboard" report to "Paperboard" since data actually cover all board of .0012 of an mch or more m thickness

reported by the cooperating manufacturers. Figures given on production and new and unfilled orders are for 94 identical manufacturers; and consumption and stocks ofwaste paper for 82 manufacturers. Estimated coverage is given in footnote marked § on p. 53. • * . - , , . , . > • #

* New series. New series on paperboard shipping boxes compiled by the National Container Association, Chicago, 111., from reports from all members of the industry ofrecord beginning in January 1934. The volume of companies not reporting each month is estimated by the association, so as to keep the series comparable. Prior to Jan-uary 1934 data covering this industry were compiled by the Paper Board Industries Association. See footnote marked "§" on p. 53 of this issue for book, fine, and wrappingpaper.# See footnote on p. 37 of this issue; data for 1933 revised; see p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue.

50 SURVEY OF CURRENT BUSINESS August 1936

Monthly statistics through December 1931,together with explanatory footnotes and refer-ences to the sources of the data, may be foundfn the 1832 Annual Supplement to the Survey

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

RUBBER AND RUBBER PRODUCTS

CRUDE AND SCRAP RUBBERCrude:

Consumption, total —long tons..For tires and tubes$t long tons..

Imports, total, including latexf#-long tons—Price, wholesale, smoked sheets, N. Y.

dol. per lb_.Shipments, world long tons..Stocks, world, end of monthf—long tons..

Afloat, totalf long tons..To United Statest long tons..

London and Liverpool. long tons..British Malaya long tons..United Statest ——long tons..

Reclaimed rubber:Consumption ..• long tons..Production —long tons..Stocks, end of month long tons..

Scrap rubber:Consumption by reclaimers... Jong tons..

TIRES AND TUBES?

Pneumatic casings:Production thousands..Shipments, total. thousands..

Domestic. thousands..Stocks, end of month thousands..

Solid and cushion tires:Production — thousands..Shipments, total —..-thousands..

Domestic _. .thousands..Stocks, end of month thousands..

Inner tubes:Production— —thousands..Shipments, total thousands..

Domestic thousands..Stocks, end of month thousands-

Raw material consumed:Crude rubber. (See Crude rubber.)Fabrics thous. of lb_.

MISCELLANEOUS PRODUCTS

Rubber bands, shipmentsA thous. of lb_.Rubber-proofed fabrics, production, totalA

thous. of yd..Auto fabrics.— thous. of yd..Raincoat fabrics —thous. of yd..

Rubber flooring, shipments A-thous. of sq. ft..Rubber and canvas footwear:*

Production, total thous. of pairs..Tennis thous. of pairs..Waterproof- thous. of pairs..

Shipments, total thous. of pairs,.Tennis thous. of pairs..Waterproof. thous. of pairs..

Shipments, domestic, total.thous. of pairs..Tennis thous. of pairs..Waterproof- —thous. of pairs..

Stocks, total, end of month.thous. of pairs..Tennis thous. of pairs..Waterproof thous. of pairs,.

Rubber heels:AProduction thous. of pairs..Shipments, total* .thous. of pairs..

Export... thous. of pairs..Repair trade ...thous. of pairs...Shoe manufacturers thous. of pairs...

Stocks, end of month thous. of pairs,.Rubber soles:A

Production ._..——, .thous. of pairs..Shipments, total* thous. of pairs..

Export _ thous. of pairs..Repair trade thous. of pairs..Shoe manufacturers thous. of pairs..

Stocks, end of month —thous. of pairs..Mechanical rubber goods, shipments:A

Total thous. of doL.Belting thous. of dol..Hose thous. of doL.Other thous. of doL.

47, 372

38,273

15964,000

509,93188,00047,228

122,16662,426

242,000

11,93514,925

209

3,782256

1,442

5,6592,0183,6414,3342,7911,5434,2902,7511,539

4,51914, 303

33,32725,96132,182

.12672,000

671,525101,00055,581

171,30389,979

315, 000

7,3178,590

15,780

32,588

3,7934,1344,06110,433

16201930

3,3763,9043,8409,748

7,055

227

3031,540400

4,1511,3912,7603,0021,7741,2272,9641,7421,22219,3585,64213,716

19,10518,694

3565,57812,76034,250

3,5673,509

3,1213,887

4,4221,0261,3832,012

33,10925,01948,131

.12170,000679,06196,00049,018174,14189,098315,000

7,1368,42114,889

5,2845,2128,584

222020

3,1535,1115,0537,765

220

4,200278

1,986325

3,147702

2,4453,7371,5072,2303,6671,4902,177

18, 7674,83613,931

17,83617,492

2334,81012,44934, 746

3,5993,597

11384

3,2023,875

4,1061,0921,2811,733

36,0006 21,89341,483

.12070,000680,644101,00047,724177,25080,843321, 551

7,0367,26312,611

*3,2346 3,8396 3,783*6,322

6 246 24*33

* 3,1546 3,6906 3,6476 5,621

13,836

276

5,209427

2,370477

1,0563,6436,1321,3404,7926,1061,3224,78415, 6534,15611,497

18,01616,267

1774,05412,03636,464

3,166

5449

2, 6463,967

4,3541,3461,3681,640

34,000& 21,25035,707

.11674,000661,509100,00043,413174,89467,361319,254

7,0116,87111,321

23,498

» 3,0676 2,6766 2, 6216 &, 713

6 24&206 196 37

6 3,3416 2,7756 2, 735*• 6,127

12, 606

269

5,396396

2,984431

4,427873

3,5545,510

8894,622

4,60814,5594,137

10,422

16,40617,067

1875,187

11,69436,051

3,0213,160

3660

2,4973,844

1,0181,2481,715

38,1926 23,62736,378

.12775,000655,000100,00049,913168, 57071,868312,112

7,92311,92611,784

6 3,2816 3,3176 3, 258* 6, 715

6 276 256 25

6 3,5926 3,2626 3,2156 6,523

6 14,148

334

5,571449

2,866492

5,8741,2974,5775,733673

5,0595,705654

5,05114,7004,761

18,51718,814

2965,02913,48936,291

4,0224,141

1625

3,5153,731

5,0151,1551,4382,422

38,5006 22,81826,073

.13163,000623,30089,00046,588186,89666,794294,610

7,49411,48212,028

6 3,2386 3,2326 3,1706 6, 682

6 236 196 196 41

6 3,1936 3,035

> 6,611

13,523

363

1,291450

5,1721,3013,8715,657491

5,1655,626467

5,15914,2005,5718,630

16, 02416,886

4284,17312,28530,710

3,3993,528

11492

3,0253,121

4,755989

1,3192,447

38,648623,19839,812

.13262,000611,98782,00039,094164,20061,692303, 000

6,81712, 30713, 537

29,772

6 3,2826 3,3656 3,3116 6,639

6 226 236 236 41

6 3, 2796 3, 2686 3, 2296 6,667

613,632

2,760313604450

5,9931,6614,3326,276

8305,4466,252815

5,43714,9676,7438,224

16,64917,094

3482,82913,91730,374

3,544

4013,1423,164

5,2001,0271,4082,765

43,6556 27,437

33,921

.144« 62,000600,479• 84,000

43, 870162,10766,618

287,754

8,03111,66514,326

6 3,709t 3,1396 3,0796 7, 224

6 256 236 226 40

6 3,7196 3,3766 3,330

6 15,988

264

2,864219603371

5,9252,1743,7516,1442,0614,0836.1092,0424,06714,8866,8398,047

33,0716 20,46434,339

.15463,000599,35585,00046,532157,02872,530284,797

5,89310,18815,547

6 2,898* 2,6016 2,5456 7,504

6 156 176 176 37

6 2,880* 2,7916 2,7486 7,046

612,059

206

2,950191786322

5,2312,4982,7324,8191,929

4,1,9152,87314,9577,3057,652

880)0)0)

0)

(00)0)0)

38,4336 21,37234,874

.15968,000

574, 59490,00058,935147, 71261,045

275,837

7,01410,71216,039

«28,994

6 2,9476 3,1236 3, 0656 7,360

6 166 216 216 32

6 3,0686 3,0746 3,0276 7,040

613,417

236

3,467199

1,289422

5,9052,9372,9695,0413,0192,0225,0112,9972,01415, 8047,3058,597

46,7076 28,666

45,830

.15960,000

558,58383,00047,678

140,40466,290

268,889

8,26611, 38216,193

6 3,9326 3,9716 3,9176 7, 318

6 326 32632

6 3,9086 3, 8446 3,7926 7,118

616, 571

4,134265

1,442485

5,8762,8882,9884,9703, 5191,4514,9283,4801,44716, 6996,56510,134

45,4346 29,518

37,050

.15668,000

533,41188,00048,860

130,49959,866

253,955

8,31711,51215,889

6 4,0276 4,7246 4,6596 6, 623

6 306 306 306 31

6 3,9036 3,9846 3,9316 7,063

617,099

217

3,666244

1,446523

5,2272,0583,1704,4293,3331,0964,3993,3091,09017,4975,289

12, 208

(00)

81 Discontinued by reporting source. a Revised. * See footnote marked "t"

t Data for 1934 and for the period January to July 1935 are estimated to represent approximately 97 percent of the industry; for subseauent months the coverage isestimated to be 81 percent. Previously published data are estimated to cover about 80 percent of the industry for 1929-33, inclusive, and 70 to 80 percent prior to 1929.

# See footnote on p. 37 of this issue. Data for 1933 revised. See p. 20 of the October 1934 issue. For 1934 revisions see p. 20 of the December 1935 issue.• In October 1933, 4 new companies were included in the report and 1 additional company in January 1934. Since that month, the coverage of the industry is 100 per-

cent. For preceding periods the coverage varied; in 1929 it was 90 percent; in 1931, 80 percent; and in 1933,95 percent, according to the Census of Manufactures. Over-lapping figures are available for October 1933. See the October 1934 issue for October 1933 data for the smaller number of firms.

* New series. Earlier data not published on total shipments of rubber heels and rubber soles prior to December 1932.t Revised series. Data on consumption of rubber for tires and tubes revised for 1932,1933, and 1934. See p. 51 of the August 1934 issue. Revised data from September

1930-December 1934—rubber world stocks, world afloat, and afloat to the United States appear on p. 20 of the July 1935 issue; for 1932 revisions for United States stocks, seep. 50 of the May 1933 issue. See p. 50 of the June 1933 issue for crude rubber imports.

A Coverages of Rubber Association data has varied considerably over period for which data have been shown in SURVEY. Coverage was generally higher in 1934 and1935 than in earlier years.

August 1936 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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

STONE, CLAY, AND GLASS PRODUCTS

BRICKCommon brick:

Price, wholesale, red, N. Y.ddl. per thous_.

Shipments*—.- thous. of brick,.Stocks* thous. of brick..

Face brick (average per plant):Orders, unfilled, end of mo.

thous. of brick..Production (machine)* thous. of brick..Shipments,- thous. of brick..Stocks, end of monthj thous. of brick..

Sand-lime brick:Orders, unfilled, end of mo.

thous. of brick..Production. thous. of brick..Shipments by rail .thous. of brick..Shipments by truck.______thous. of brick..Stocks, end of month thous. of brick..

Vitrified paving brick:Shipments* ...thous. of brick..Stocks* ...thous. of brick..

PORTLAND CEMENT

Price* wholesale, composite-.—dol. per bbl..Production--. thous. of bbl..

Percent of capacityShipments thous. of bbl..Stocks, finished, end of month.thous. of bbl..Stocks, clinker, end of month.thous. of bbl..

GLASSWARE, ETC.

Glass containers:#Production .....thous. of gross..

Percent of capacityShipments thous. of gross..Stocks, end of month thous. of gross..

Illuminating glassware:*Orders:

New and contract number of turns,.Unfilled, end of month

number of turns..Production., ..number of turns..Shipments:

Total number of turns..Percent of full operation.__ . .

Stocks, end of month number of turns..Plate glass, polished, production f

thous. of sq. ft..

GYPSUM*

Crude (quarterly):Imports - .short tons..Production —short tons..Shipments (uncalcined) short tons..

Calcined (quarterly):Production - short tons..

Calcined products (quarterly):Shipments:

Board, plaster (and lath).thous, of sq. ft..Board, wall —thous. of sq. ft..Cement, Keenes short tons..Plasters, neat, wood fiber, sanded, gaug-

ing, finish, etc short tons..For pottery, terra cotta, plate glass, mix-

ing plants, etc... short tons..Tile, partitition— thous. of sq. ft-

TERRA COTTA

Orders, new:Quantity short tons..Value thous. of dol..

TILE

Hollow building tile:*Shipments short tons..Stocks. _ short tons..

10.50

1. 66711,27352.3

12,41719,2874,903

3,89868.1

3.9997,792

2,355

2,2742,171

2,25087.64,009

16,244

1,706202

9.5088,324341,315

342310284

2,078

6001,582206793

1, 860

7,753

1.6678,72539.67,63223,0836,741

3, 28459.6

3,2708117

1,919

2,7511,829

1,81470.75,119

13,163

114,934523,238188,458

388,440

56,28473. 9904,724

272, 202

36, 6082,211

934113

42,336334,369

9.4093,608365,481

337350313

2,107

1,1502,077213

1,9011,877

12, 56586,236

1.6678,02135.77,81323,2876,849

3,57662,43,4588,183

1,743

2,8281,555

1,56761.05,053

13,909

104

43,196335,114

9.4495,940381, 532

322320300

2,126

1,0121,974144

1,8731,921

9,17381, 447

1.6677,23531.88,10522,4156,779

3,82564.33, 7488,239

1,865

2,7571,591

1,92074.84,787

14, 526

58176

47,223341, 833

9.5091,127394,988

291351277

2,168

720

441,8942,202

5,11581, 344

1.6677,17332.67, 79921,783

3,10258.73,7007,576

2,446

2,3062,013

2,08881.43,358

14,404

170,613566, 719161, 788

416,709

72,95762,2505,642

35,8922,420

71391

45, 575341,509

9.50117,031423,651

294348311

2,223

3902,115129

1,9272,164

5,45479, 753

1.6677,51033.18,79420, 5015,891

3,61660.8

3, 5697,575

2,485

2,6802,705

2,584100. 73,450

16,593

1,027124

55, 663329,489

9.5095,673424,737

354322235

4001,399

831, 2802,185

6,17879,468

1,6677,09332.25,97621, 6135,607

3,27159.42,9387,836

2,416

2,7302,672

2,33991.13,618

15,909

149

45,069335,104

9.5073,586426,550

562

1472,485

1,2251,274

33896

2,451

4,71581,191

1.6675,80325.64,51422,9085,226

3,05955.52,537

1,817

2,4772,292

2,06780.63,735

16,112

124,302498,765140,363

345,826

5,716

235, 111

34,8142,420

1,509179

31,361337,465

9.5056,471417,482

74717995

2,385

1,69048636714

2,046

3,89279,730

1.6673,63016.1

5,214

3,11452.12,916

2,261

2,7492,159

1,96576.63,753

17,276

1,906211

28,480330,262

9.5044,736405,866

17266

2,477

7,9651,032

291,0852,285

2,05279, 677

1. 6673,15413.43,15622,9715,590

3,04755.43,0318,410

1,853

1,8832,148

1,97877.1

3f 045

13,857

1,105138

21,952327,112

9.50109,641363, 932

0)(J)0)0)

7,9282,220186

2,1291,600

4,85679,408

1.6675,26323.47,13821,1265,625

3,33958.43,4348,270

2,110

1,9041,866

1,91374.53,887

16,057

355,87593,338

310,448

57,81860,3615,768

205,353

38,8342,716

1,050146

48,330318,059

9.50»154,473'322, 917

C1)0)0)0)

1,7531,449143

1,6881,103

« 7, 858* 76, 073

1.6678,51939.2

9, 08920, 5715,328

3,60463.0

3,6048,224

2,381

2,1092,039

2,12782.9

3,916

19,455

1, 945215

« 68, 536l310,862

10.50169, 057332,878

8C1)0)

1,3802,278

1372,1631,084

8,73274, 690

1.66710,985

48.911,121

1 20,431• 5, 071

3,81069.3

3,9967,942

2,193

2,189

2,08681.3

3,954

19,192

1,390159

78, 584312, 213

° Revised. * Discontinued by reporting source.• New series. Earlier data not published 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. Series on common and vitrified paving brick and tile beginning January 1934 were shown on p. 20 of the June 1935 issue. Forearlier data on gypsum see p. 20 of the January 1933 issue.

% Adjusted for degrading and year-end physical inventoriest Data on plate glass represent the total output of the industry. Complete figures for the months of 1932 were shown on p. 52 of the March 1933 issue, iox 1933 on

p. 52 of the March 1934 issue, and for 1934 revisions p . 56 of the March 1936 issue.# Monthly series on glass containers for 1934 and 1935 are not comparable with those of earlier years due to increase of number of firms reporting to 44, Shipments of the

44 firms for the year of 1933 amounted to 33,048, 747, compared with 23,511,963 for the 30 firms reporting for the same year. Comparable statistics on shipments for thecompanies, now reporting by years, from 1928 to 1933, inclusive, were as follows (in gross): 1928, 31,943,016; 1929, 33,765,896; 1930, 31,905,933; 1931, 31,413,508; 1932, 26,947,949;and 1933, 33,048,747. Data are not available for this period on production and stocks, nor are monthly figures on shipments available. It may be noted from the trendof these data that the monthly figures prior to 1934 had a downward bias. Basis of estimating capacity was changed in computing the new series. Data for 1934 revised,see p. 52 of the May 1935 issue; for 1935 revisions see p. 56 of the June 1936 issue.

52 SURVEY OF CURRENT BUSINESS August 1936

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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

TEXTILE PRODUCTS

CLOTHINGHosiery:*

Production—.. thous. of dozen pairs..Shipments thous. of dozen pairs..Stocks, end of month

thous. of dozen pairs..

COTTON

Consumption! thous. of bales..Exports:

Quantity, exclusive of lintersthous. of bales..

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 sighti *._.thous. of bales—Stocks, end of month:f

Domestic, total mills and warehousesthous. of bales..

Mills thous. of bales..Warehouses thous. of bales..

World visible supply, total ..thous. of bales..American cotton thous. of bales..

COTTON MANUFACTURES

Cotton yarn:Prices, wholesale:

22/ls, cones (Boston) dol. per lb_.40/ls, southern spinning* dol. per lb—

Cotton goods:Cotton cloth:

Exportsf .thous. of sq. yd. .Imports+# thous. of sq. yd—

Prices, wholesale:Print cloth, 64 x 60 dol. per yd—Sheeting, brown, 4x4 (Trion mill)

dol. per yd—Cotton cloth finishing:*

Production:Bleached, plain.. thous. of yd—Dyed, colqrs__ thous. of yd..Dyed, black thous. of yd. .Printed thous. of yd—

Stocks:*Bleached and dyed ..thous. of yd. .Printed- thous. of yd—

Spindle activity:!Active spindles- thousands..Active spindle hours, total

millions of hours.Average per spindle in place hours..

Operations.. percent of capacity..

EATON AND SILKRayon:

Deliveries:*Unadjusted 1923-25=100 .Adjusted.. 1923-25=100-3-mo. moving average of adjusted index

1923-25=100..Importst# - thous. oflb.Price, wholesale, 150 denier, -"A" grade

(N. Y.) -_-!.dol. plr lb, .Stocks, imported, end of month

Sift: thous. of lb..Deliveries (consumption) bales..Imports, rawt# ...thous. of lb . .Prices, wholesale:

Raw, Japanese, 13-15, N. Y^dol. per lb . .Silk goods, composite dol. per yd..

Stocks, end of month:World visible supplyA- bales..United States (warehouses) bales..

• Revised. ^ As of Dec. 13.

9,4798,847

19,709

556

287

12

.114

.120

5,513987

4,5265,4233,579

.271

.373

16,84314,624

.054

.066

108,000• 93,000•4,000•90,500

188,124105,782

22,957

7,320259

111.0

498623

.31,4374,143

1.597

132, 60935,409

. 7,1217,513

19,256

384

345

.118

.119

233

885

4,9983,253

.301

.415

13,6573,729

.061

.073

90,49673,5315,50470,381

333,991115,255

22,704

5,10216875.0

381477

49539

.55

261

5,201

1.376,92

166, 91842,018

7,5416,818

19,938

280

.119

.122

395

6,528789

5,7394,2782,790

.415

14, 566

.072

89,16478,2546,58561,842

234,45796,103

22,312

5,15517173.5

433570

52060

.55

239

44,1665,562

1.447.92

167, 75432,654

9,001

19,211

408

241

1,1338

.115

.115

718

6455,8934,2122,834

.299

.411

13,7313,517

.061

.072

94,52184,4867,28277,913

212,369

94,012

22,047

5,54518576.4

550513

501107

.57

244

41,7156,344

1.705.95

176, 38137,381

9,57710,816

17,930

449

487

4,230

.106

.108

2,254

7,865717

7,1495,205

.300

.405

14.1284,315

.063

.074

93,01387,9216,15186,948

195,421

88,292

22,684

6,18420793.9

583419

465241

.57

245

45,1566,708

.97

180,18038,680

11,57412,164

17,299

552

712

7,7508

.109

.112

3,136

9,5561,0748,4827,0605,807

.312

.408

15,5295,876

.064

.078

110,885102,0666,49997,972

199,32893,795

23,193

7,445251

103.8

494462

468145

.57

238

48,1678,218

2.0841.00

182,07746,777

10,29310,231

17,319

508

1,135

.115

.120

2,309

9,9761,3468,6307,6976,383

.323

.415

16,9355,174

.064

,082

102, 29296,5075,399

97, 331

205,71995,790

23,194

6,897233

101.1

464522

514509

.57

237

37,0126,061

2.0921.00

185,74851,458

8,9188,648

17,547

498

877

6 9,75813

.114

.121/10,6381,328

9,8141,4278,3877,7686.363

.321

.415

12,4664,910

.064

101,31084,2393,969

104, 720

203, 494107,382

23,391

6,804233

103.8

473557

522312

.57

235

35,5596,365

1 9581.00

194,94154,941

10,0998,487

19,160

591

526

<* 10, 25014

.111

.119

817

9,2791,4357,8447,5905,918

.299

.415

15.4899.489

.075

97,43587,6854. 554

100.528

197,107105,464

23,324

7,714266

111.9

477487

499392

.57

231

38,9956,275

1.9500)

186,91156,511

9,2528,662

19,750

517

406

.110

.116

8,6521,4047,2487,3855,591

.290

.415

15,3928,799

.056

.071

92,80790,3904,118

91,860

198,508103,179

23,337

6,736233

105.2

517454

447611

.57

229

32,0535,518

1.7840)

175, 38064,680

9,83210,420

19,161

549

405

10,42016

.109

.114

494

7,9051,3346,5706,8254,992

.278

.393

21,74512,316

.055

.070

107,893101, 739

4,14095, 274

183,29299, 684

23,176

7,264252

108.1

422

423

.57

36,0003,480

1, 733X1)

165, 68953,689

10,20110,176

19,186

577

353

.112

.117

436

7,2111,1906,0216,5404,574

.274

.385

19,6859,836

.053

.067

104,837103,305

4,08791, 074

187,33393, 275

23,124

7,320256

110.9

433416

420551

.57

34, 5644,647

158,498

9,2709,379

19,076

531

352

20

.112

.117

380

6,3271,0905,2376,0254,121

.271

.385

18,8408,680

.051

.065

'105,062

•4,364a89, 518

191,956103,419

22,829

242105.2

428446

495

.57

* As of Jan. 16 / As of Dec. 1. 1 Discontinued by reporting source.

32, 0874,066

1.600

0)145, 26640,066

• New series. Hosiery compiled by the National Association of Hosiery Manufacturers and estimated to represent 95 percent of the industry. For complete series seep. 19 of the September 1935 issue. Data on cotton clotb finishing are from the National Association of Finishers of Textile Fabrics and cover practically all the industry-comparable figures are not available prior to December 1933; the production statistics are prorated from data for 4-week periods; stocks are reported at end of each 4-weekperiod Data on cotton yarn, southern spinning from January 1933-April 1934 will be shown in a subsequent issue. Rayon deliveries from January 1923-April 1935 wereshown on p. 19 of the June 1935 issue; these data are compiled by Rayon Organon.

5 For revisions for crop years 1931-32,1932-33,1933-34, and 1934-35, see p. 52 of the October 1933 issue, p. 52 of the September 1933 issue, p 53 of the October 1934 issueand p. 57 of the October 1935 issue, respectively. '

f For revisions of cotton consumption, domestic stocks, and spindle activity for crop years 1931-32,1932-33,1933- 34, and 1934-35, see p 20 of the Februarv 1933 issuepp. 52 and 53 of the November 1933 issue, p. 53 of the October 1934 issue, and p. 57 of the October 1935 issue, respectively.

§ For 1932 revisions see p. 53 of the June 1933 issue; for 1933 revisions see p. 20 of the September 1934 issue; 1934 revisions are shown on p. 19 of the December 1935 issue.• See footnote on p. 37 of this issue Data revised for 1933; see p. 20 of the October 1934 issue; data also revised for 1934, see p. 20 of the December 1935 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 at the end of

succeeding 4-week periods.t For 1932 revisions see p. 53 of the June 1933 issue, for 1933 revisions see p 20 of the October 1934 issue, and for 1934 revisions see p. 20 of the December 1935 issue.A This series has been superseded by a new series which excludes stocks held at Milan, London, Canton, and Shanghai. Monthly data from Januarv 1922-JunV lQ fi

are shown in the July 1936 issue, p. 20.

August 1936 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

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April M a y

TEXTILE PRODUCTS—Continued

WOOLConsumption:

Total, grease equivalent basis!thous. of lb—

Apparel class, scoured basis*..thous. of lb—Imports, unmanufactured§# thous. of lb—Operations, machinery activity:*

Combs, worsted percent of capacity-Looms:

Carpet and rug percent of capacity..Narrow . —percent of capacity..Wide - percent of capacity.

Spinning spindles:Woolen. , percent of capacity..Worsted percent of capacity..

Prices, wholesale:Raw, territory, fine, scoured—.dol. per lb—Raw, Ohio and Penn., fleeces.dol. per lb—Suiting, unfinished worsted, 13 oz. (at mill)

dol. per yd . .Women's dress goods, French serge, 54" (at

factory) dol. per yd—Worsted yarn, 2/32s, crossbred stock, Bos*

ton -dol. per lb—Receipts at Boston, totalA thous. of lb__

Domestic . . . thous, of lbForeignA - thous. of l b . .

Stocks, scoured basis, end of quarter:*!Tota l . . . - . . . thous. of lb—

Domestic... . . thous. of lb—Foreign . . —thous. of l b . .Combing _ thous. of lb—Clothing . . thous. of lb—

MISCELLANEOUS PRODUCTS

Buttons, fresh-water pearl:Production - ....pet. of capacityStocks, end of month thous. of gross..

Fur, sales by dealers! .—thous. of dol..Pyroxylin-coated textiles (artificial leather):

Orders, unfilled, end of monththous. linear yd..

Pyroxylin spread thous. of lb—Shipments, billed thous. of linear yd..

654,533b20,075

17,541

93

482674

8757

.90

.38

1.782

1.114

1.3054,42150,4243,997

146,430110,29336,13798,30748,123

50.58,061

2,0004,9304,608

>80,428* 28,388

15,932

115

502577

8972

.75

.30

1.609

1.015

1.0844,34641,8092,537

«143,488«127,733

15,755110,313

a 43,175

29.08,0052,331

1,9743,2743,645

* 66,648* 23,575

18,760

103

532478

9467

.76,30

1.609

1.015

1.1072,15667,5984,557

22.37,6883,195

1,8983,5873,534

* 74,781» 26,592

20,361

111

603185

10367

.76

.31

1.609

1.015

1.1037,95733,9813,976

36.57,4033,421

2,1764,4714,032

* 80,293> 28,994

21,952

113

523378

9767

.78

.33

1.603

1.027

1.1123,83219,3854,446

156,689137,81718,872

111, 77044,919

43 77,2153,092

2,5894,6924, 412

» 78,727» 29,565

23,498

124

544284

10681

.81

.32

1.624

1.040

1.2518,52511,8036,722

50.27,2152,158

2,5925,1254,616

» 72,993* 27,528

18,041

125

534489

10483

.84,39

1.708

1.052

1.2919,21410,9828,232

52.87,1361,193

2,3004,1524,084

» 73,367» 27,730

18,467

108

454390

9373

.84

.39

1.733

1.064

1.3012,8755,2857,590

113,33784,40128,93669,19344,144

48.97,1511,224

2,1543,8953,845

* 73,9086 28,223

21,167

107

464890

9562

.87

.39

1.733

1.064

1.3117,5246,410

11,113

45 07,9252,493

2,0333,9513,715

h 64,1936 24,488

21,212

117

524490

9668

.92

.42

1.733

1.101

1.3318,5814,576

14,006

53.77,9563,761

1,9433,8943,876

6 53,460<• 20,369

25,298

88

503880

8559

.93

.42

1.742

1.114

1.3322,2584,845

17,413a105,096° 60,473« 44,623• 60,429a 44, 667

53.47,9894,045

2,4755,1214,689

& 55, 387b 20, 588

23,883

74

503676

8260

,88.37

1.782

1.114

1.3020,4956,071

14,424

51.98,0034,053

2,4595,6475,118

* 46, 5936 17,294

17,207

72

483476

8757

.87

.37

1.782

1.114

1.2825, 59921,7613,838

51 28, 046

*> 3,545

2,2735,4235,013

TRANSPORTATION EQUIPMENT

AIRPLANES

Production, total t - number. _Commercial (licensed)t number..Military (deliveries) . number..For export number..

AUTOMOBILES |)Exports:

Canada:Automobiles, assembled, total .number..

Passenger cars number..United States:

Automobiles, assembled, totalsnumber..

Passenger cars<? — n u m b e r . .Trucks^ - number..

Financing: <8>Retail purchasers, total thous. of doL_

New cars_. - thous. of doL.Used cars thous. of dol..Unclassified thous. of dol—

Wholesale (manufacturers to dealers)thous. of dol..

• Revised.

4,4243,438

24,04214,9879,055

186,525125,91159,586

1,028

174,739

*19814835

•15

4,8293,276

26, 27016, 5179,753

106,17466,91337, 2372,025

118,732

5,0703,579

25,02614,75210, 274

113,12571,66540, 274

1,186

119,100

•17613819

£,9954,100

20,07310,0769,997

100, 76162,66137,011

1,089

92,918

4,7773,643

12,7035,6227,081

77,65146,11430, 716

820

39,700

112"17

3,9312,629

14,5807,4717,109

74,18842,17931,122

887

75,907

*12459

5,5764,087

30,52922,4918,038

90,19160,53128,708

951

132,315

"10961

«37

5,5153,639

28,01217,73610, 276

97, 50864,60581, 906

997

149,728

119515018

6,6075,143

25,65415,8679,787

88,64958, 28431, 868

118,872

136723925

4,5733,537

25,95916,0469,913

87,16955,23231, 432

505

113,830

201938424

7,6031,607

28.92018.921

143, 51594,66448,044

807

154,147

3,7263,108

26, 05317, 7238, 330

172, 982116,297

55, 705

189,481

5,2223,945

28,57517, 72710,848

176, 316116, 56958, 6951,051

180, 665p Preliminary. § See footnote on p. 37 of this issue.

• Since July 1934 report has been on a weekly basis. Data for September and December 1934 and March, June, September, and December 1935, and January andApril 1936 are for 5 weeks; other months, 4 weeks. Figures for July and succeeding months are computed from Census Bureau figures so as to represent 100 percentof the wool industry; earlier figures incomplete.

• New series. Wool stock series began in June 1934. See p. 20 of the July 1935 issue for earlier data and explanation of new wool consumption series.• 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. Since December 1934 no allowance has been made for holidays.

AForeign receipts beginning January 1934 are compiled by U. S. Department of Agriculture and are not comparable with data carried through December 1933. Thisresults in a total figure which also is not comparable with earlier data.

<| Compiled by the Bureau of the Census and represent stocks of raw wool held by all dealers, topmakers, and manufacturers who usually hold significant stocks of wool.The figures for the 3 quarters of 1934 have been revised to include the "grade not stated."

t Grease equivalent of shorn wool, plus actual weight of pulled wool. Conversions are based on totals; scoured wool is multiplied by 2 and pulled wool by 1H.Includes clothing and carpet wools. See note on apparel class wool on p. 20 of the July 1935 issue. As this grease series will probably be dropped in favor of the more accuratescoured series, it is suggested that those who wish to keep series going have their names placed on Bureau of the Census mailing list for the monthly wool consumptionreport, from which can be computed the present data, using formula given.

§ For 1932 revisions see p. 53 of the June 1933 issue, for 1933 revisions see p. 20 of the October 1934 issue, and for 1934 see p. 20 of the December 1935 issue.<7 Data revised for 1932, see p. 54 of the June 1933 issue. Data revised for 1933, see p . 20 of the September 1934 issue; and for 1934, p. 19 of the December 1935 issue.|| Index of sales of new passenger cars is shown on p. 26 of this issuef Data for 1935 revised (airplanes). Revisions not shown above will appear in a subsequent issue. Fur sales revised for 1935, see p. 58 of the July 1936 issue.® Of the 282 identical organizations reporting originally 8 discontinued financing in January, 2 in February, 2 in March, 5 in June, 1 in July, 2 in August, 1 in September,

1 in October, and 2 in December, 1934.

54 SURVEY OF CURRENT BUSINESS August 1936

Monthly statistics through December 1831,together with explanatory footnotes and refer-ences to the sources of the data, may be foundin the 1932 Annual Supplement to the Survey

1936

June

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

TRANSPORTATION EQUIPMENT—Continued

AUTOMOBILES-Continued

Fire-extinguishing equipment: tShipments:

Motor-vehicle apparatus — . n u m b e r . .Hand-type— number-

Production:Automobiles:

Canada, total .number-Passenger cars.- number—

United States, totalf .number..Passenger carsf • number-Trucks f- - number-

Automobile rims.. thous. of rims—Registrations:

New passenger carst---- number—New commercial cars* number-

Sales:General Motors Corporation:

To consumers — . number-To dealers, total % number-

U. S. dealers _ number-Shipments, accessories and parts, total*

Jan. 1925=100-Accessories, original equipment

Jan. 1925=100-Accessories to wholesalers,.Jan. 1925=100—Replacement parts. Jan. 1925=100—Service equipment —Jan. 1925=100—

RAILWAY EQUIPMENT

Equipment condition:Freight cars owned:

Capacity.. mills, of lb._Number, total thousands—

Bad order, total _ number-Percent of total in bad order

Locomotives, railway:Owned:

Tractive power mills, of lb—Number

Awaiting classified repairs-number -Percent of total

Installed _ number-Retired - number—

Passenger cars:On railroads (end of quarter)..number._

Equipment manufacturing:Freight cars:

Orders, new cars—Orders, unfilled, total cars..

E quipment manufacturers cars _ -Railroad shops._ _ cars—

Shipments, total ———cars—Domestic—..-. - cars..

Locomotives, industrial electric (quar-terly):

Shipments, total._ —.number.-Mining use... —number—

Locomotives, railway:Orders, new number..Orders, unfilled, end of month:

Equipment manufacturers (Census),total —number..

Domestic, total. number.-Electric - _ number—Steam. —.number..

Railroad shops (A. A. R.) .-.number..Shipments:

Domestic, total number..Electric - number..Steam—. number..

Exports, totalf - -.number..Electric-- - number..Steam... _ number..

Passenger cars:Orders, new, placed by railroads

number..Orders, unfilled (end of quarter)

number. .Shipments, total number-

Domestic number..

ELECTRIC TRUCKS ANDTRACTORS

Shipments, industrial, total-_ number..Domestic number-Exports .^——— number..

5635,176

16,40013,126

454,487376, 64177,8461,876

56,000

189,756217,931186,146

172,1521,772

254,447146

2,18644,7429,11920.4

91184

4,32025,31115,9079,4042,1722,056

102101

24

1191164076

20

5434,692

15,74512,276

356,340294,18262,158

1,428

280,36048,243

137,782181,188

4729,571

13,0699,471

332,109274,34457,7651,339

285,17851,243

108,645167,790139,021

114

11395

13881

179,5561,861

281, 26215.3

2,22245,88310,557

23.092

119

5002,173

4271,746

4038

5

453830

82

660990

0

1313

7674

2

3832,534

7,6925,524

237,400181,13056, 270

798

233,85150,355

127,346124,680103,098

92

8512612475

179,2031,857

285,32015.6

2,21945,82110,403

22.760

122

1007,2595,8411,418

1717

0

403426

82

440972

0

4545

78762

119

10210313182

180,1141,868

276,53515.0

2,22245,91010,541

23.057

246

41,986

5,1512,427

4142,013

6666

45

4928,362

5,3233,819

87, 54056,09731,4431,052

157,09841, 390

66,54739,15222,986

105

9812913591

178,7031,851

284,42715.5

2, 21545,68610,335

22.686

221

41, 405

1107,4405,7751,665

2927

5150

7

383624123

321954

0

g00

80728

5931,556

8,3137,128

272,043213,31058,7331,654

148,38943,243

68,566127, 05497,746

132

13715014198

178,1251,842

273,12515.0

2,21245,61010,187

22.343

119

8106,4324,5141,9811,2811,281

0

373424102

202

14104

2

00

117114

3

6527,587

13,49612,042

395,059336, 91458,1451,804

220,26237,616

136,859182, 754147,849

135

14814713980

176,7271,827

269,98415.0

2,21145,56510,127

22.253

108

254,4892,7981,6911,7551,754

0

37342311

5

110

1284

0

00

115103

12

5325, 516

13,77511,370

404,528343,022

61, 5061,912

237.19438,000

122,198185,698150, 010

135

15516010773

175,7721,817

266,87614.9

2,20645,3759,91421.8

54241

40,509

10,03012, 7155,2247,4911,9121,912

1007426

3832,120

13. 30211, 261

364,004298, 27465, 730

1,877

215,78243,760

102,034158,572131,134

145

156170114

85

173,5071,791

256,51114.6

2,19945,1799,82521.8

81284

1,05013,3154,4446,871

746746

14

373633

35

000000

0

00

S478

6

4223,932

13,26810,853

287,606224,81662, 7901,261

176, 60840,301

96,134144,874116, 762

123

12716011684

172,9391,784

254,59814.5

2,19745,0889,55621.2

46138

7,23612, 6294,0528,577

430430

46

84783345

7

110101

37

00

75714

5231, 203

17,97414,488

420, 971343, 52377, 448

1,841

301, 27261, 817

181,782196, 721162, 418

149

16012010997

172,6201,780

249,24614.2

2,19445,009• 9, 642

21.453

132

40,186

62713,4785,4718,007

189186

13

5332,753

24,95120,247

502,775417,133

85, 6422,258

397,19057,000

200,117229,467194,695

162

181130

. 125104

172,460,1,778

253,12514.5

2,19344,9669,61021.4

60103

3,65015,6837,0358,6482,1682,066

15

10195336212

431101

50

55

112QQyy13

48« 32,542

20,00616,389

460,565385,50775,0581,960

392,75062,183

194,628222,603187,119

150

150110130113

«172,341• 1,776

260,01314.9

72,18944,8359,38921.0

65196

9,67722,96414,6468,3182,5142,299

10

1061003367

9

505303

0

55

91OO

5• Revised.• New series. For earlier data see p. 20 of the February 1934 issue for total shipments, accessories and parts, and registrations of new commercial cars.t Revised series. For earlier data see p. 19 of the August 1933 issue for fire extinguishers and passenger-car registrations; exports of locomotives for 1932; p. 55 of the

June 1933 issue for 1933, see p. 20 of the September 1934 issue, and for 1934 p. 19 of this issue. Data on automobile production revised for 1933. See p. 55 of the August1934 issue. For revised data for 1934 see pp. 55 and 56 of the June 1935 issue. Data for 1935 and 1936 through March revised. See p. 59 of the June 1936 issue.

• Taxicabs are included in figures for passenger cars, beginning January 1934 in order to avoid disclosure of individual companies.t United States and Canadian dealers, plus overseas shipment.

August 1936 SURVEY OF CURRENT BUSINESS 55

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

1936

May

1935

June July August Septem-ber October Novem-

berDecem-

ber

1936

January Febru-ary March April May

TRANSPORTATION EQUIPMENT—Continued

SHIPBUILDING

United States:Merchant vessels:

Under construction.thous. of gross tons—Completed during month,

total gross tons—Steel — total gross tons. .

World (quarterly):Launched:

Number - ships.Tonnage .thous. of gross tons—

Under construction:Number ships..Tonnage thous. of gross tons.

154

22,04012,885

20

5,9282,189

135323

3301,283

31

4,530957

72

4,30545

76

15,8608,464

119263

2681,198

77

9,2661,707

82

4,6172,660

119

36, 6518,017

124359

3931,543

119

17,57610,242

133

18,42917,297

137

20,89813,386

148«394

5371,820

154

21,3218,024

154

24,44215,442

' i

460

1,951

CANADIAN STATISTICS

Business indexes:*Physical volume of business.—1926=100—

Industrial production, total . .1926«• 100-Construction t \ A -1926=100..Electric power 1926=100—Manufacturing— 1926=100-Forestry 1926=100—Mining t - —1926=100-

Distribution 1926=100—Carloadings 1926=100-Exports (volume) t 1926=100-Imports (volume) -1926=100-Trade employment 1926=100-

Agricultural marketing 1926=100.Grain marketings 1926=100.Livestock marketings 1926=100—

Commodity priees:Cost of living indexd* 1926=100-Wholesale price index # — — 1 9 2 6 = 100-

Employment, total(first of month). 1926=100-Construction and maintenance_1926=100—Manufacturing.. ^.1926=100-Mining 1926=100-Service 1926=100-Trade 1926=100..Transportation— 1926=100-

Finance:Banking:

Bank debits mills, of dolInterest rates _ ..1926=100..

Commercial failures* . number. .Security issues and prices:

New bond issues, total t thous. of d o l -Bond yields percent-Common stock prices, total t.1926=100—

Foreign trade:Exports X- thous. of d o l -Imports - thous. of dol—Exports, volume:

Wheat thous. of bu.Wheat flour thous. of b b l -

Railway statistics:Carloadings thous. of cars—Financial results:

Operating revenues thous. of dol—Operating expenses thous. of dol__Operating income —thous. of dol—

Operating results:Freight carried 1 mile. mills of tonsPassengers carried 1 mile.mills of pass

Commodity statistics:Production:

Electrical energy, central stationsmills, of kw.-hr..

Pig iron thous. of long tons—Steel ingots and castings

thous. of long tons. .Wheat flour thous. of bbl—

110.3111. 644.7220.6111.5122.9152.5106.676.2104.890.9127.873.970.3

80.072.3102.087.0103.4132.1123.0127.185.4

3,136

190,1793.51113.8

79,94257,598

25,764430

201

2,02956

82

99.299.741.3197.498.4105.7138.497.870.678.774.6122.6106.1112.378.2

78.871.497.689.598.4

119.2118.5119.979.9

2,71080.4109

82,2433.8593.8

59,39946,732

6,495430

186

24,04922,455

691

1,860134

1,81645

73992

103.0104.055.4199.4101.7100.7135.3100.275.088.279.8122.3164.7183.480.4

78.871.599.5

101.198.5

121.5123.6122.182.7

2,54580.2110

60,3113.8492.4

64,83348,414

9,158395

195

26,18722,7542,442

2,041157

1,79251

992

107.9110.366.5

206.2102.7311.8-165.8101.372.1

107.280.5

122.8163.9181.2

79.471.6

101.1104.799.8

125.2127.9120.785.4

2,49879.794

123,2633.8294.7

76,63849,560

377

197

25,52023,4351,1341,784185

1,85154

1,161

101.9102.549.3191.9100.0103.7144.7100.169.6110.577.6123.6114.2119.590.2

79.672.3102.7110.9100.8128.6327.8121.885.8

2,42688.398

195,9944.2393.6

78,84644,689

17,273396

221

29,58523,4365,380

2,712137

1,91954

911,535

107.2109.560.7198.9105.4114.5169.6100.771.094.385.4122.886.686.188.7

80.473.1106.1117.4103.3129.5120.5123.886.4

2,90885.4115

66,7244; 0996.1

91,32352, 751

28,919501

251

32,27923,5987,730

2,937108

2,16346

951,825

110.0113.537.0

199.0118.5114.8146.3100.266.886.593.7

124.143.336.474.3

72.7107.7119.9103.5132.5117.1124.684.5

3,02280.8107

147,0803.87105.8

95,68555,958

26,575525

214

27,15420,8545,290

2,240101

2,14365

941,604

106.2108. 823.6

197.6112.5118.9160.899.366.578.070.2

128.834.027.463.5

80.672.6

104.695.9

101.4131.1116.3131.084.0

2,93282.7

112

121,3723.96

107.4

79,24538,569

17,044

444

174

26,65621,3334.2891,934,140

71

99957

105.2107.095.3

197.196.1

106.7144.4100.372.1

100.376.3

124.039.829.585.7

80.772.999.174.896.8

129.9118.0135.977.9

2,99285.5104

133,3844.10

112.9

64,74440,590

7,557314

173

22,23421,440

<*205

1,763117

2,09161

100982

104.9104.952.6

196.096.2

111.3186.2104.878.4

103.678.9

127.362.753.9

102. 2

80.472.598.474.498.5

129.4116.4121.678.2

2,76780.6131

138,8533.86120.7

62,79841,597

14,241340

180

22,59721,187

1,814117

1,93856

931,019

103.3104.152.0

209.398.7

114.4158.2101.375.492.771.4

124.289.588.395.0

80.572.498.978.299.5129.1117.5123.178.9

2,59977.3103

123,3323.70117.4

74,58252,681

13,146

477

192

25,53522,4651,9142,056126

1011,172

108.8109.226.8225.4106.0124.0187.2107. 782.8123.982.7

125.1115.8116.8111.0

79.872.297.471.8

101.1128.2118. 5121.073.5

2,77478.5

103,1863.76115.9

57,96442,217

6,752281

193

26,05022, 3202,586

2,081125

2,16454

1071,009

109.7110.632.7214.6110.3119.0170.9107.174.1113.891.5

128.5110.0110.6107.2

80.171.899.579.4

102. 7127.4120.4123.382.8

2,97976.6

46,5763.67112.8

84,51559,121

27,317449

190

2,083

951,196

« Revised. d Deficit.• Statistics in this section, with few exceptions, are from the Dominion Bureau of Statistics, Ottawa.1[ Data for 1934 revised. See p. 56 of the May 1935 issue. ,• New series. For earlier data see p . 18 of the February 1933 issue, business indexes, and p. 20 of the October 1933 issue, commercial failures.t Revised series. 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 of addi-

tional stocks being added; for revision see p. 56 of the April 1934 issue. New bond issues revised for the year 1935; see p. 60 of the April 1936 issue.# Number of commodities changed from 502 to 567 beginning with month of January 1934.d" Data revised January 1932 through July 1933. Kevision for 1932 see p . 55 of the November 1933 issue. For final revisions for 1933 see p. 56 of the October 1934

issue.A Data for 1935 revised. For revisions see p. 60 of the May 1936 issue.% Data on exports, both index numbers and absolute figures revised beginning April 1933 to include non-monetary gold. Revisions not shown in the July 1936 issue

will appear in a subsequent issue.

U. S. GOVERNMENT PRINTING OFFICE: 1936

DEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

ECONOMIC REVIEW

1935i«s

'.. IliiAi.tesftmmmmm^mmmm

jjlBureau of

^g«

i ^ ^ i n i c developments'-vjarfcc* ; |Bi&|t4S.jfc\ :JJOL- •:A-^^1prj^f^|iJT j^t^j^Oipi^^" :-:.--;::i"".":'|>|fncipal foreign countries, v . D o m e s t^ d e s c r i b e d i n ^|oiejigli ar^as^^^^| ^ imajpr inte^l tiidentsV and all others who are endeavoring to keep

|j;;] | t>jreast o£' develc>pmehts-:; in these tim^s of rapid axid signi--| |n<jan^| j|ively in t h ^] | | ^

[I ||^&ded as anl^jjtji^p^ib|^ic section contains 42 ^ c^

enacted by Gpngr^ss in 1935 and a c^rpjaolpgy of itnpor^^

a Be pfetained iirom the Siiperintendent of I)6cumentSi (joVeriliident Pr| |^

N coj>y. A discount of 2 5 percent is allowed to schools and other organizations or individualsi ? e ^ c o p i e s • t o b e . - i s e n t t o a s i n g l e a d d r e s s . .'•:'.•• • : - v v J : ; i - v " " / , ; ' / Y N - r ' ' : - •" / • ' • • • k - ; ^ : 4 ' ! ^ ^ ' : - : : v ' ' W - : - •- •.•:••; - ' W . - • ' . ' ; ;