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JUNE, 1931 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 11 NUMBER 6 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Page 1: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

JUNE, 1931

SURVEYOF

CURRENT BUSINESS

UNITED STATESDEPARTMENT OF COMMERCEBUREAU OF FOREIGN AND DOMESTIC COMMERCE

WASHINGTON

V O L U M E 11 N U M B E R 6

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Page 2: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

A NEW E D I T O R I A L P O L I C Y

e Department of Commerce with the publication of this issueinaugurates an editorial plan for making the Survey of maxi-

mum value to the business men of the country and to others engagedin studies of economic changes.

The new editorial plan for the Survey is as follows:

O An Annual Supplement to" the Survey of Current Business,the first issue to be published in**June, 1931, The 1931 AnnualSupplement, of about 275 pages, will contain monthly data for thepast seven years and^cover some 2,000 items on the activities ofbusiness and industry.

» A Monthly Survey of Current Business of 56 pages, whichwill contain all data reported by the 25th of the month, andwhich will be distributed within 8 or 10 days after that date. TheMonthly Survey will contain monthly business statistics on some2,000 items, carefully arranged alphabetically, and running back13 months, and the weekly business statistics for the latest weeks,with yearly comparisons. The data will be supplemented by 25pages of interpretive text and diagrams conveniently arranged,prepared by members of the Division of Statistical Research of theBureau of Foreign and Domestic Commerce. The semiannualissues of past years will be displaced by a regular monthly issueand by the Annual Supplement.

• A 4-page Weekly Supplement to the Survey of CurrentBusiness, containing weekly and monthly data made availableduring the preceding week which will be distributed the followingThursday. The Weekly Supplement will follow the current formvery closely for the present.

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Page 3: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

Volume 11 JUNE, 1931 Number 6WEEKLY DATA THROUGH MAY 23, 1931

MONTHLY DATA THROUGH APRIL

SURVEY OFCURRENT BUSINESS

PUBLISHED BY

UNITED STATES DEPARTMENT OF COMMERCE

WASHINGTON

CONTENTSPage

Monthly business indicators 2Business situation summarized 3Commodity prices 41931 in comparison 6Finance 7Employment , _ _ 8Domestic trade 9Foreign trade 10Transportation 11Construction 12Agriculture 13Iron and steel industry 14Metal working industry , _ 15Automobile and rubber industries 16Textiles industry 17Food industries 18Forest products industry 19Miscellaneous industries 20New and revised series 21Weekly business statistics 22Monthly business statistics 23

Subscription price of the SURVEY OP CURRENT BUSINESS is $1.50 a year; single copies (monthly), 10 cents; annual supplement, 25 cents.Foreign subscriptions, $2.50; single copies (monthly issues), including postage, 14 cents; annual supplement, 36 cents. Make remit-tances only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or New York draft. Currency

at sender's risk. Postage stamps or foreign money not accepted€0200—31 1 1

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Page 4: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

SURVEY OF CURRENT BUSINESS [June, 1931

Monthly Business Indicators1923-1925 = 100

140

120

100

80

INDUSTRIAL PRODUCTION140

120

100

60

INDUSTRIAL PRODUCTION

MANUFACTURES (ADJUSTED)*

MINERALS {ADJUSTED)*

125

100

75

FACTORY EMPLOYMENT

ADJUSTED*

120FACTORY PAYROLLS

130TOTAL FREIGHT CAR LOADINGS CAR LOADINGS L.C.L.

100

Z20

160

DEPARTMENT STORE SALES120

WHOLESALE PRICES

VALUE OF EXPORTS

UNADJUSTED

150

100

K(\ i ! t I I 1 ! I M I i I I I I I I | I I I M I I I I I I I I I I I I I 1 t I I I I I M I I I I I i i I 1 1 I | t 1^

150VALUE OF IMPORTS

200

150

BANK DEBITS OUTSIDE NEW YORK CITY

100

1927 1926 1929 1930 l'93l

* ADJUSTMENT FOR NUMBER OF WORKING DAYS AND SEASONAL VARIATION

eoo

150

100

BUILDING CONTRACTS AWARDED

1927 1926 1929 1930 1931Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 5: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

Business Situation SummarizedA'RIL was the third consecutive month in which the

volume of business in the United States, afterallowing for normal seasonal trends, showed furtherslight expansion from the low levels established inJanuary, while the seasonal decline occurring in earlyMay appears to have been slightly larger than usual.

Industrial production, as measured by the FederalReserve Board's seasonally adjusted index, registeredanother increase in April, and in that month was 9per cent above the December level. Output ofmanufactures was larger than in March, owing togains in the adjusted indexes of output in the foodproducts, automobile, leather and shoe, cement, andtobacco industries, while iron and steel and non-ferrous metal production was smaller than in thepreceding month. The textile industries maintainedrecent gains at March levels, with the woolen industryespecially active.

The index of mineral output, adjusted for seasonalchanges, increased by nearly 5 per cent from the lowlevel for the depression established in March. An-thracite mining was especially active, and the indexesof bituminous coal and petroleum increased, whileproduction of nonferrous metals declined.

Building construction in April, as measured bycontracts awarded, decreased 9 per cent from thepreceding month, instead of continuing the seasonal

increase, usual at this period, which was manifest inFebruary and March. A further decline of seasonalproportions occurred in the first three weeks of May.In general, residential building has been holding upbetter than commercial and industrial types.

Rail distribution of freight, as measured by carloadings, has shown normal seasonal expansion inMarch and again in April, but shipments of merchan-dise in the latter month increased less than usual.Dollar sales of department stores in April, after allow-ance for seasonal trend and the early date of Easter,increased by 9 per cent from March to April and inthe latter month were less than 2 per cent below thetotal for April, 1930, and less than 5 per cent below thatof April, 1929, despite the decline in retail pricesduring the past two years.

Our foreign trade during April was featured by de-clines in both exports and imports, the former beinginfluenced primarily by seasonal factors. The whole-sale price index declined further in April, the mostsevere declines occurring in nonagricultural products,and continued downward during the first part of May.Security prices continued to recede throughout April,and after a temporary upturn fell to lower levels duringMay. The steady liquidation was accompanied by afurther reduction in brokers' loans and by lower interestrates, which reflected the redundance of bank funds.

MONTHLY BUSINESS INDEXES

Years and months

Tota

l, a

dju

sted

l

•d ~

__

_^

:_

:.__

.:

•_

•;.

-.-.-

, "1

53

Man

ufa

ctu

res,

ad

- %

cju

sted

i

A »

£13

; g £

. j

Min

eral

s, a

dju

sted

i

Factory em-ployment

and pay rolls

Nu

mb

er o

f em

plo

y-

ees,

ad

just

ed i

Freight car loadings 2

Am

ou

nt o

f pay

rol

ls,

un

adju

sted

Un

adju

sted

o

Ad

just

ed '

!

~

Mercdisc,

I

=

I

han-1. c. 1.

m

H•c•<

Department-store sales, !

value

Un

adju

sted

2

Adj

uste

d i

Foreigntrade,value

- 5

I 1* £K «

X5

l£§5

#•§* 1•C !

_-

i c i«8e B

uii

ldin

g c

on

tra

cts

, al

lty

pes

, v

alu

e__

j

Monthly average 1923-1925=100

1929: April _ . .. _1930:

AprilMay, . - - .JuneJuly _\ugustSeptemberOctober..NovemberDecember - . _

1931:JanuaryFebruary. _ _ _ _ _ _ _ _MarchApril _ _ _ _

Monthly average, Januarythrough April:

1929.19301931 ..

122

107104100959191

8582

82868889

11910686

123

107105100949190858480

81868889

12010686

115

104103100979694989294

90888791

11510589

102

I 929190878483828180

78787878

1019478

111

9794 :91838283817574

68737574

10897 j73 |

102

939795959699978674

74747577

999175

108

979693 !92 :8987868484

82808080

1079881

107

10110198949599979486

83878991

1039988

104

989898959595939292

90898988

10410089

1031 110

105987177

! 103112113165

i 798092

100

98i 95i 88

no !107105 !103 '10010299

102 S98 I94 i

97 !98 i97 1

105

111 I10799

112 \ 127

87 i 9584 8878 7870 6879 6882 7086 • 7776 6372 65

66 5759 5462 6557 58

122 11996 9361 59

i 135.9f! 123.4

123.8124.9117.5106.3107.7120.199.9

117.2

110.0 !86.698.499.5

136.4122.498.6

156

118111146898481 !826261

5557 i9082

1159671

Wholesale prices

Co

mb

ined

in

de

x,

550

com

mo

dit

ies

Far

m p

rod

uct

s

Oth

er

than

fa

rmp

rod

uct

s an

d f

oods

Monthly average1926=100

96.8

90.789.186.884.084.084.282.680.478.4

77.075.574.573.3

97.191.875.1

104.9

95.893.088.983.184.985.382.679.375.2

73.570.170.670.1

105.897.471.1

92.9

88.387.585.784.383.382.881.580.179.0

77.877.175.674.2

93.189.276.2

i Adjusted for seasonal variation. 2 Corrected to average daily sales.

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Page 6: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

SURVEY OF CURRENT BUSINESS [June, 1931

Commodity PricesWHOLESALE PRICES AND COST OF LIVING

120

i nn

80

60

1 J Q

inn

an

70

MONTHLY AVERAGE 1926 =100

*<* /•

*-..

. -»»

/

J

/^>^-/

J F M A M J J A S O

1 9 Z 7

MONTHLY AVERAGE I9?6 - /A?

•-'

JF MA

*** + V

M J J A S O1926

^ 0 J

i

. ^^

N 0 J

^ " S

F MA'M J J A SO

^

F M

^<<

N O J'F

'

A

TTAL«J/

• xx\

•••"^s

M'J 'J A S 0 N! 9 Z 8

550

i,ss

fOWA

^

M A M J J AS1930

ooim

s

s

0 N D

s

F M

X

D

-

/•-

J

-X

^\

F

^

^>1/I

M

U'M j j A 5 o1931

NS*-

^

r•n

"^ FOODS

•-H11-i/(NO

A

N

?7>y/7?

M

)

£/?CK?

9

£ttW

:EPODL

A

^

TfiICTS

S

\

<\RM

«.-*•

0 N D

/=*>,,>

J

AR

^

si^/1?/?<3

A

W!

s,

N

M1

MONTHLY AVERAGE 1923 =100 |

sv. t~

J'F M A M J J A 5 O'N D1928

L\4-57

j F'M A

"/J

A><"t,""--

V'X

J J ' A S 0 N D9 3 0

H-rOF L

_|

/7A'6|

1 929N D J F MA

*" '"•** ,••. ,

N

J F M A M J J1 9 3

\~,

j1

|M J J A S'O1930

X

N D

A S 0 N D

J ' F M A M J J A S O N D1931

1 20

10

100

90

80

70

60

) 10

100

90

60

70

INDEXES OF COMMODITY PRICES

Years and months

Wholesale i

Co

mb

ined

in

dex

, 55

0co

mm

od

ity

qu

o-

tati

on

s

Far

m p

rod

uct

s

M

*

T3

=S3 vi

H-»ftS>T3O O

•"5 Hid

es

and

leat

her

pro

du

cts

Tex

tile

pro

du

cts

Fu

el a

nd

lig

hti

ng

Met

als

and

met

alp

rod

uct

s

| Monthly average,

1929: April1930:

April ._ . - - _. _ _May _-JunoJulyAugust . - ._.SeptemberOctoberNovember ._December _ ~ .

1931:January__ __ ... _ _FebruaryMarchApril _ _ .

Monthly average, January throughApril:

192919301931

96.8

90.789.18fi 884.084.084 282.680.478.4

77.075.574 573.3

97.191.875.1

104.9

95.893.088.983.184.985 382. 679.375. 2

73.570.170.670.1

105.897.471.1

97.7

94.692.090.586.387.189 288.685.781.8

80.177.176. 775.6

98 295. 377.4

92.9

88.387.585. 784. 383. 382 881.580. 179.0

77.877. 175. 674.2

93.189. 276.2

107.9

102.7102.6102.4100.798. 999. 196. 594.091.2

88.686. 687.487.3

109.7103. 787.5

95. 5 80. 6

85. 5 77. 984. 6 78. 082. 2 76. 480. 0 75. 477. 7 75. 475. 5 70. 373. 8 75. 173. 3 71. 872. 4 70. 5

71. 0 69. 870. 4 69. 669. 2 64. 567. 6 61. 6

96. 0 81. 387. 4 78. 569. 6 68. 4

106. 4

98.896.895.494.392.791.890.490.290.0

89.388. 989.083.7

105. 2100.489.0

Bu

ild

ing

mat

eria

ls

Che

mic

als

and

dru

gs

1926 = 100

97.9

94.792.990.088.987.486 485.885. 684.4

82.981.881.980.9

97.795.581.9

94.9

91.089. 988.987.887.386.686 085.284.8

83.082. 281.980.1

95.691. 982.0

Ho

use

fu

rnis

hin

gg

oo

ds

Mis

cell

aneo

us

Cfl w>

. i i ; 11 •• & : |s* i § : ^ =s i a irI 1 1 |I

96. 7 | 79. 2

96.2 ! 78.596. 2 i 77. 596.2 i 74.596.2 l 71.795.9 ! 71.295.4 i 69.795.3 ! 68.895.2 i 67.891.3 | 66.9

91.1 1 64.790.8 1 63.990.8 ; 64.790.8 63.9

:

96.6 : 80.096.8 i 78.590.9 64.3

97.0 i 97.4 96.9

89.8 87.9 91.987.8 83.6 91.084.8 ! 82.0 88.981. 1 i 79. 7 86. 781. 8 78. 1 86. 482. 1 i 76. 5 86. 880.0 i 75.5 85.676. 8 1 75. 6 83. 774.2 ; 74.3 81.9

72.9 ; 73.4 80.570.6 ; 72.3 79.369.4 : 72.2 78.468. 3 71. 1 77. 1

'.

98.2 i 97.8 96.591.2 • 90.9 92.570.3 1 72.3 78.8

Retail Farm*

o&

Mo.aver-age

1913=100

151

151150148144144146144141

. 137

133127126124

154152128

Cos

t of

liv

ing

s

Co

mb

ined

in

dex,

30

com

mo

dit

ies

Mo.Mo. aver-aver- 1 age

age i 1909,1923= i to

100 1914 =i 100

99. 1 138

97. 9 12797. 2 12496. 5 12395.2 11194.7 10895.4 11194.8 10693.9 ! 10392.6 ; 97

91.1 ! 9489.6 i 9089. 1 i 9188.2 ! 91

j

99.6 13798.4 13089.5 ! 92

1 Department of Labor. 2 Department of Agriculture. 3 National Industrial Conference Board.

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Page 7: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

Commodity PricesCOMMODITY prices have now been declining for

more than a year and a half. Wholesale prices inApril, 1931, were 25.2 per cent lower than in July,1929, the peak, and the lowest since 1915. As com-pared with the preceding month the April index was1.5 per cent lower. For the first four months of 1931wholesale prices on the average showed a decline of18.2 per cent as compared with the correspondingperiod of last year. Farm product prices fell 0.8 percent on the average between March and April, 1931,as a result of lower prices of three classes of grains,cotton, wool, and livestock except lambs. Wheat,lambs, and hay were higher in April than in March.Although the miscellaneous food products group inApril was practically unchanged from March, meatsand dairy products declined 2.6 per cent and 3.3 percent, respectively. Appreciable declines occurred inall classes of textile products. Sharp drops were alsoregistered in coal and petroleum products, buildingmaterials (especially cement), mixed fertilizers, andrubber. Hides and leather products, coke, agricul-tural implements, and house furnishing goods in Aprilwere little changed from the price level prevailing inMarch.

The index of farm prices in the middle of April was

unchanged from its March level. The declines ofslightly more than 2 per cent in dairy and poultryproducts, cotton and cottonseed, and miscellaneousfarm products were offset by sharp advances in pricesof fruits and vegetables. The price index of grains andmeat animals on April 15 was the same as that of thepreceding month. As compared with a year ago, theApril, 1931, index of farm prices was 28.3 per centlower, a decline in which all groups of farm productshave shared; the drop for the 12 months ending Aprilrange from 19 to 36 per cent.

Prices of foods at retail on April 15, 1931, were about2 per cent lower than on the corresponding date of thepreceding month, and on the lowest level reached sincethe war. Thirty-four of the 42 articles of foods onwhich regular quotations are received declined from2 to 6 per cent, 6 advanced, and 2 remained unchangedbetween March and April, 1931. As compared with12 months previous, the index in April, 1931, was 18per cent lower. During the first four months of 1931retail food prices averaged 16.3 per cent lower thanduring the corresponding period of 1930.

The cost of living index which has been decliningsince the latter part of 1929, was 1.0 per cent lower inApril than in March, 1931.

INDEX NUMBERS OF FARM PRICES

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Page 8: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

SURVEY OF CURRENT BUSINESS [June, 1931

1931 in Comparison

FIRST 4- MOHTHS Y////////////A REMAINDER OF YEAR

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

CONSTRUCTION CONTRACTS AWARDED (BILLIONS OF DOLLARS)

STEEL INGOT PRODUCTION (MILLIONS OF TONS)

AUTOMOBILE PRODUCTION (THOUSANDS OF CARS)

FREIGHT CAR LOADINGS (MILLIONS OF CARS)

1 9 3 11 Q ^ Ai y o uIQ PQ

IQPA

1927

0 10 2

v/////

0 30

y///////

*0

y///////

5

,

0

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Page 9: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931 SURVEY OF CURRENT BUSINESS

FinanceFINANCIAL markets during April, 1931, were fea-

tured by further liquidation and by a continua-tion of extremely low money rates. Loans to brokersdeclined to the lowest point reached since the FederalReserve Bank of New York began reporting the weeklytotals advanced to brokers by about 60 New YorkCity reporting member banks, in 1926. A decline instock prices of approximately 10 per cent carried theaverages down to levels which had not prevailed sincethe early part of 1927. A slight rise in bond yieldsfor the month reflected a downward tendency in bondprices, but, compared with April of each of the twopreceding years, the average yield showed a drop.Money rates, especially in the call-loan market, tendeddownward. New capital issues, amounting to $267,-000,000, showed a continuation of a relatively lowevel which has persisted since the middle of 1930.

Aggregate bank debits outside of New York fellduring April 34 per cent below those of April, 1929,and nearly 28 per cent below the total for the corre-sponding month of 1930. Debits reported for NewYork City, where speculation and noncommercialtransactions greatly influence the total, showed an in-crease for April but were approximately 40 per centbelow those of April, 1929, and 24 per cent below the

aggregate recorded for the corresponding month ayear ago. Commercial bank statistics indicate amarked shift of funds to investments, owing to thedeclining need for commercial loans. "All other"loans of reporting member banks—which in a non-speculative period tend to reflect commercial needswith a fair, degree of accuracy—declined during Apriland stood at the end of the month 7.5 per cent belowthe total for April, 1930. On the other hand, invest-ments showed an increase of 36.5 per cent during thesame 12-month period.

Compared with March, the total bills discountedby the Federal Reserve banks during April showed adecline of 37 per cent. The total at the end of themonth stood 83 per cent below the figure reported atthe end of April, 1929, and nearly 33 per cent belowthe total reported for the corresponding date in 1930.Total reserve bank credit, which dropped below$1,000,000,000 in January, stood slightly less than 7per cent below the total at the end of April, 1930, butnearly 30 per cent below the high figure of April, 1929.This relatively small decline in total reserve bankcredit, as compared with the larger drop in bills dis-counted, was due to opposite movements of other creditfactors, especially holdings of Government securities.

FINANCE

Years and months

1930: April1930:

AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

1931:JanuaryFebruary _ _ _ _ _ „MarchApril

Bank debits

NewYorkCity

OutsideNewYorkCity

Can-ada

Condition of Federal reservebanks, end of month

Totalbillsdis-

count-ed

Total NotesBe- in

serve cir-bank cula-credit tion

Mem-ber

bankre-

serveac-

counts

Millions of dollars

47, 979

38, 63137, 42337, 69029, 60025, 05227, 38330, 78122, 49029, 001

24, 55720, 94827. 58928,821

26, 803

24, 34724, 41624, 64823, 17120, 96621, 25323, 69319, 70023, 113

21, 69717, 08419,42117, 620

3,623

3,0823,4273,3983,0943,8022,9673,6182,9743,012

2,6682,5352,570

934

233313272200215272207275251

232198250157

1,326

1,0061,0491,018

9341,0251,103

9981,0791,373

980925990937

1,663

1,5071,4891,4241,3421,3741,3791,3681,4551,664

1,4941,4781,4861,535

2,282

2,3852,3692,3892,3962,3782,4672,4182,3732,471

2,3982,3432,4282,371

Re-serveratio

Percent i

74.0

82.581.481.883.481.179.7 ]82.280.373.7

82.283.782.684.0

Reporting memberbanks, Wednes-day closest to endof month

Loanson

secu-rities

"Allother"loans

Totalinvest-ments

Brokers'loans by

NewYork

reportingbanksend ofmonth

IR a n g e of i

open market \money ratesNew York

i Timeloans

!90-days

Prime icom-mer-cial

paper,4-6

months

Millions of dollars ; Per cent

7,371

8,3818,4218,4358,3918,3508,4768,0657,7687,814

7,3797,3137,2567,052

9, 067

8,5838,4168,5728,5298,4168,4518,7078,7668,449

8,3748,1518,1267,941

5,875

5,7895,8896,1206,291 i6, 338 !6,4546,7316,8006, 693

6,843 17,1837,5517,903

5,532

4,2744,0223,2193,2283,1103,0632,5122,1111,926

1,7341,7981,8751,730

8K-9

4 -4M3M-3^2H-3M2^-32H-2%2^-2%2K-2%2 -2K2 -2K

1^-2^1M-22 -2%13/4-21/4

6

3^-4 |3M-4 |334 3%'3 -3H3 i3 i3 i2M-3 !2^-3 |

2^-3 12H~2%21A \21/4-2%

Stockprices(404)

Month-ly

average1926= 100

186.6

181.0170.5152.8149.3147.6148.8127.6116.7109.4

112.3119.8121. 6109.2

Bondyields

(60)

Percent

4.69

4.544.544.534.494.434.414.414.464.55

4.434.444.414.43

Newcapita]issues

Mil-lions

ofdollars

587

628864445402122285153138131

40074

269267

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

Page 10: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

8 SURVEY OF CURRENT BUSINESS [June, 1931

EmploymentAPRIL witnessed a slight increase in the volume of

general employment in the United States. Em-ployment in the factories increased by 0.1 per centfrom March to April, but was about 15.6 per centless than the figure reported for April, 1930, accord-ing to the seasonally adjusted index of the FederalReserve Board. The mining industry as a wholealso witnessed an increase in the total volume ofemployment after seasonal adjustments are made.The unadjusted volume of wage payments tofactory workers declined 1.7 per cent from March toApril.

Greater than the usual seasonal increase in em-ployment during April was recorded by the automo-bile, rubber products, and chemicals industries, whilethe textiles, food, leather, and paper and printing in-dustries reported less than the usual decrease for theMarch-April period. All other Industrial groupsreported a lower level of employment after seasonaladjustments are applied. The petroleum industryregistered the greatest gain in actual number of em-ployees compared with March with 8.9 per cent, sub-stantially above the usual gain recorded at this timeof the year. Tobacco manufactures registered thelargest decrease in actual number of employees, with3.3 per cent. Both employment and pay rolls of

bituminous mines decreased slightly from March, andthe same items for anthracite mining showed increasesof more than the usual seasonal proportions. TheMarch level of employment was more than maintainedby the retail trade, notwithstanding the fact that onaccount of the early Easter this year most of the Easterbuying came in March.

Employment and payrolls of public utility companiesshowed slight decreases from March to April. Theindex of employment in power, light, and water com-panies increased about 0. 4 per cent, and that of tele-graph and telephone companies decreased approxi-mately 0.5 per cent. Pay-roll indexes of both groupsof utilities decreased in about the same proportion.

Wages of common labor engaged in road building,which remained steady at 39 and 40 cents per hourduring the first ten months of 1930, gradually de-creased to 36 cents in January and February, decliningto 35 cents in April. The number of applicants at em-ployment agencies per 100 jobs showed a gradual de-crease as the winter drew to a close and spring activi-ties opened, but remained above the average for thesame time last year. Trade-unions reported 25 percent of their members unemployed in April, a slightdecrease in unemployment being evident during thefirst four months of the year.

INDEXES OF EMPLOYMENT, PAY ROLLS AND WAGES

Years and months

1929: April-.,1930:

April..May.JuneJuly .AugustSeptemberOctoberNovemberDecember

1931:January .FebruaryMarchApril

Monthly average, Janu-ary through April:

19291930...1931

Factory em-ploymentF. R. B.

Index,ad-

justed i

Index,unad-justed

F.R.B.factory

payrolls,

j unad-justed

Monthly average,1923-1925=100

101.7

92.491.489.786.684.483.482.281.180.1

78.377. 877.978.0

100.793.778.0

102.1

92 690.988.885.585.186.484.381.078.8

76.477.378.177.9

100.293.177.4

111.4

97.194.590.782.681.783.080.875.173.7

68.473.2

! 74.973.6

i 107. 8i 96. 91 72. 5

Bituminouscoal mining

Em-ploy-ment

Payrolls

Anthracitemining

Em-ploy-ment

Payrolls

Power, light,and water

Em-ploy-ment

Payrolls

Telephoneand telegraph

Em-ploy-ment

Payrolls

Retail trade

Em-ploy-ment

Payrolls

Monthly average, 1929=100

100. 2

94.490.488.488.089.290.591.892.592. 5

93.991.588.885.9

105.399.590.0

89.2

81.777.575.668.971.174.979.479.177.7

73.368.365.258.6

105.192.966.4

100. 7

84.193.890.891.680.293.899.097.299. 1

90. 691. 0

; 81.285. 2

102. 693.987.0

88.3

75.098.894.384.078.891.6

117.298.0

100.0

89.3100.770.175.2

100.595.283.8

95.9

100.7103.4104.6105.9106.4105. 2104.8103.4103. 2

99.297.896.797.1

93.699.797.7

95.5

102.6104.5107.8106.7106.6106.1105. 6103.7106.3

98.699.7

102.497.6

93.4101.299.6

97.8

98.999.799.8

100.098.896.894.593.091.6

90.589.288.688.1

96.0100.089.1

98.3

103.4103.2103.4106.6102.5102.2100.997.9

101.3

96.394.897.995.0

96.1104.196.0

95.5

97.396.793.989.085.692.095.598.4

115.1

90.087.187.890.1

96.496.188.8

96.0

97.597.396.891.787.692.495.196.8

107.7

89.486.787.588.3

96.497.288.0

Employ-ment

agencies,appli-

cants per100 jobs

i"5ST -U'~ "S-TBS' ?|-

Per cent rpTltt,Number of total ^gour

members per nour

1128

162164186198

1 177170193227218

224202179

145186

1

88.0

79.080.080.078.078.079.079.078.077.0

73.073.074.075.0

86.079.073.8

38

404040403940393837

36363735

374036

1 Adjusted for seasonal variations.

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Page 11: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS 9

Domestic TradeT VOLUME of trade during April was considerablyV below that of a year ago, but current figures show

an appreciable expansion of distribution in severalimportant lines. In such classes of goods as silk, rayon,cotton, wool, and linen, better retail values are avail-able than have confronted the buyer in many years.Department store indexes of sales reflect a greater thannormal gain for this season of the year. Departmentstore stocks showed about a normal seasonal increasebut merchandise freight-car loadings of less-than-carload lots showed an increase of slightly less thannormal seasonal proportions.

Mail order sales, increasing by 21.1 per cent duringApril, made a better than seasonal showing, far exceed-ing that recorded during the past four years for thissame period. The same tendency was present in 5-and-10-cent store sales, increasing by 11 per cent, as againsta 2 per cent normal increase. Advertising lineage inthe magazine field set a new high mark for the yearso far, but in newspapers the lineage figure for themonth declined slightly, and was some 11.8 per centunder April last year. Postal receipts fell short of theApril average of 1925-1929, and showed a slight de-crease from March. Last year a slight increase wasrecorded from March to April.

Business failures during April, totaling 2,386, wereunder those of March, and some 27.8 per cent belowthe January total of 3,316 failures, the peak for thepresent depression. Whereas the April failures were8.5 per cent below the 2,604 insolvencies of March, theMarch-April decrease of the years 1925-1929 averagedonly 6.9 per cent. In April of 1930 the number offailures was increased 6.3 per cent and in 1929, a yearof marked prosperity, an increase of 1.7 per cent wasrecorded from March to April. Each month of 1930so far has recorded insolvencies in excess of 2,000. In1930, 10 out of the 12 months witnessed over 2,000insolvencies. The failures of April involved totalliabilities which represent a decrease of about 15.8percent from those of March,but were still slightlyin excess of the liabilities recorded during April,1930.

Indexes of retail food prices has shown a decline ofapproximately 18.0 per cent since this time last year,and on April 15, 1931, were about 2 per cent lower thanon the corresponding date of the preceding month,and on the lowest level reached since the war. Cost ofliving has declined about 12.4 per cent during the past12-month period.

DOMESTIC TRADE

Years and months

1929: April1930:

AprilMay. _JuneJulyAugustSeptember ..-OctoberNovemberDecember

1931:January .FebruaryMarchApril

Monthly average, Janu-ary through April:

192919301931.

Departmentstore sales

Unad-just-ed i

Ad-just-ed 2

Departmentstore stocks

Unad-just-ed i

Ad-just-ed 2

Freight carloadings, mer-chandise, I.e. 1.

Unad-justed

Ad-just-ed)

Monthly average, 1923-25= 100

103

110105987177

103112113165

798092

101

989588

110

10710510310010299

1029894

979897

106

111107100

103

1019893878795

10110485

78818787

979683

99

979696949191929291

88868483

1009885

107

10110198949599979486

83878991

1039988

104

989898959595939292

90898988

10410089

Mail-order

sales, 2houses

Thou-sands ofdollars

55, 619

56, 56159, 35054, 35648, 79050, 68254, 41968, 87855, 71372, 486

41, 45939, 42243, 00852, 078

50, 70749, 50243, 992

Five and tencent store

sales

Unad-justed

Ad-just-ed 2

Monthly aver-age, 1923-1925=

100

142

159162141138146147168159298

124127144160

133137139

153

161174160152163156151158153

161163159168

156160163

Advertisinglineage

Maga-zine

Thou-1 sand of

lines

; 3, 2713,1733,0222,7521,9861,6582,1452,4902,4882,265

1,5851,9922,2032,421

News-paper

1Mil-

lions oflines

108

10110089727089988982

76729089

1029282

Postalreceipts,

50 se-lectedcities

Thou-sand ofdollars

32, 352

32, 64431, 37027, 95626, 76125, 87628, 76432, 27928, 37938, 572

29, 17226, 40530, 17829, 257

32, 08431, 69428, 753

! Commercialbusiness

1 failures

Fail-ures

Num-! ber

2,021

2, 1982,179

I 2, 0261 2, 028

1,9131, 9632,124

i 2, 0312,525

3,3162,5632,6042,386

2,1272,3922,717

Liabil-ities

Mil-lions ofdollars

35

495663404947565584

95606051

405567

Retailfoodprices

Month-lyaver-

!» age,1913=

100

1,516

151.2150.1147. 9144. 0143.7145.6144.4141.4137.2

i 132. 8127.0

! 126. 4124.0

153.4152.4

1 127. 5

Costof liv-ing,

cloth-ing

Month-ly aver-

age,1923=

100

98.8

95.092.892.591.089.390.588.887.786 6

84.684.483.282.0

98.996.383.6

60200—31-

1 Corrected to average daily sales.-2

2 Adjusted for seasonal variation.

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Page 12: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

10 SURVEY OF CURRENT BUSINESS [June, 1931

Foreign Trade

THE value of both exports and imports of theUnited States during April, 1931, as in each of the

three months immediately preceding, fell below totalsfor the corresponding period of 1930, The former felloff 35 per cent, while the latter dropped 39 per cent incomparison with respective declines of 37 per cent and36 per cent during the first quarter. The excess ofmerchandise exports over imports was $171,600,000 ascontrasted with an excess of $260,000,000 in April,1930.

Owing to the varying number of days in the months,daily averages of monthly data are more exact indica-tors of the month-to-month movement of trade thanthe unadjusted monthly data. On a daily averagebasis, the value of exports in April, 1931, amountingto $7,233,000, reached the lowest level of the year witha decrease of about 5 per cent from the average in themonth immediately preceding. Imports of $6,233,000dropped back about 8 per cent from, the average forMarch to approximately the same average as in Febru-ary. The decline in exports during April as comparedwith those of March represented primarily the usualseasonal drop in shipments of raw cotton, while that inimports was chiefly accounted for by a reduction inour purchases of coffee, raw silk, and fertilizers.

For the period of January to April, 1931, the valueof exports, amounting to $927,000,000, fell 37 per centlower than in the corresponding period of 1930.Although this reduction in dollar value was due inpart to smaller foreign sales, which on a quantitivebasis fell off slightly less than 25 per cent, it reflectedalso the sharp drop of about 17 per cent in the unitvalue (price) of total exports. The proportion offinished manufactures in total exports declinedfrom 53.2 per cent in the period January-April, 1930, to50.1 per cent this year, primarily as a result of the largerelative declines in shipments of automobiles and in thevalue of refined mineral oils.

Imports, totaling $754,000,000, declined 37 per centin value as compared with the value in January-April,1930. Their low average unit value, which showed aneven greater drop (about 25 per cent) than that ofexports, accounted for a large part of the decrease indollar value. The quantity of imports fell off onlyabout 16 per cent. The fact that crude materials andsemimanufactures constituted a smaller proportion ofthe total value of imports than in the correspondingperiod of last year was due primarily to the sharprelative declines in prices of crude rubber, raw silk,wool, tin, and copper.

FOREIGN TRADE

Year and month

1929:April

1930:April.MayJune.. .JulyAugust . .SeptemberOctoberNovember __ .December

1931:JanuaryFebruary..MarchApril

Cumulative, Januarv throughApril:

192919301931

Ex-ports,

includ-ing

reex-ports i

Exports of United States merchandise

Crudematerials

TotalRawcot-ton

Foodstuffs

TotalWheatandflour

Meatsandfats

Fruitsand

prep-ara-tions

Semi-nian-ufac-tures

Finished manufactures

TotalMa-

chin-ery

Auto- imo-biles, i ra<lft« ; acces-sories

General imports

TotalCrudema-

terialsFood-stuffs

Semi-111 an u-

fac-tures

Fin-ished

manu-fac-tures

Millions of dollars

425.3

331.7320.0294.7266.8297.8312.2326.9289.0274.9

249.6224.3235.9217.0

1, 844. 91,461.0

926.9

71.3

52.440.837.536.653.193.7

104.890.976.7

58.647.756.540.0

370.6294.5202.7

47.5

31.119.015.714.827.662.864.959.347.2

31.225.436.022.9

256. 3185.5115.5

53.3

37.142.840. 740. 752.546.047.34.5. 640. 5

35.529.533.028.2

258.8185.2126. 2

11.2

9.111.713.216.424.018.411.47.86.3

4.93.23.95.7

45.348.317.6

16.4

12.814.713.012.112.19.99.8

11.09.8

12.210.610.18.5

69.961.041.3

8.6

4.64.95.04.97.79.2

17.117.515.1

10.78.9

10.76.4

49.528.236.8

65.4

47.849.947.239.940.837.238.033.133.9

34.527.531.430.6

261.0192.9124.0

228.1

189.3178.5164.9144.7147.4130.8132.7115.8119.7

117. 1116. 1110.3111.1

924.2764.6424.5

51.2

50.949.342.437.834.133.630.833.236.1

37.744.029.431.1

206.2220.3142.2

63.9

35.129.221.017.417.016.414.514.115.3

14.416.118.518.0

245.0132.666.9

20.5

23.020.227.022.525.616.521.912.413.7

13.810.68.4

10.7

80.591.343.5

410.7

307.8284.7250.3220.6218.4226.4247.4203.6208.6

183.1174.9210.2185.7

1, 532. 81, 201. 0

754. 0

146.9

105. 686.776.769.672.675.477.559.269.1

59.456.464.054.7

565. 6415. 0235.0

98.1

69.776.360.249.043.848.256.148.452.3

42. 146.156.651.9

354. 8259. 9196.4

82. 3

61.853.251.644.744. 141.045.538.338.1

36.931.539.833.4

293.3251. 5141.8

83.4

70.868.461.857.257.861.869.257.849.2

44.841.249.245.7

319. 2274.7181.1

: Reexports of foreign merchandise during March, 1931, were $4,755,000.

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Page 13: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS 11

TransportationFREIGHT movements during April, as reflected by

the number of freight-car loadings, advancedslightly above the level set during March. AverageApril car loadings for the past five years were 19.6 percent under March, so that the current upward trend iscontrary to the usual trend for this season of the }^ear.April car loadings, however, were 17.5 per cent underApril, 1930, and 25.2 per cent under April, 1929.

The movement of merchandise in less-than-carloadlots during April increased slightly over March, butwas still some 10.4 per cent under April last year.The average monthly merchandise movement by therailroads during the first four months of the year was11.3 per cent under the average for the same period in1930 and 14.9 per cent under 1929. Freight move-ments of grain and grain products, coal and coke, andforest products during April were under March of lastyear.

The freight-car surplus has gradually decreasedduring the past two months, but the average numberof idle cars is still some 40.8 per cent greater than atthis time last year and 173 per cent greater than in1929. The peak in the number of surplus cars in thepresent depression, however, was recorded in Decem-ber, 1930.

In spite of the material reduction in freight carrying,

the steam railroads appear to have held their dividendpayments to a level of last year. The dividend pay-ments during April were 4.7 per cent under those ofApril last year, but were 11.4 per cent over the divi-dends paid in April, 1929. The average dividendpayments during the first four months of 1931 were$46,025,000 as against only $39,150,000 during thesame period in 1929.

The aggregate value of new security issues put outby railroads fell from $200,018,000 in March to$6,000,000 in April, the lowest total since October,1930. The average total of new railroad issues, how-ever, for the first four months of the current year was54.4 per cent over that reported for the same periodin 1929, but 32.3 per cent under the first four monthsof 1930. The price of 25 principal railroad stocksdecreased during April to the lowest level of the presentdepression, while the price of highest-grade bondswas on about the same level as for the past threemonths. Clearances of ocean steamers from Americanports showed a material increase during April ascompared with March and were the highest recordedthis year, but were 17.9 per cent under April, 1930, and29.4 per cent under April, 1929. Average clearances forthe first third of 1931 were 18.5 per cent under the sameperiod last year.

TRANSPORTATION

Years andmonths

1929- \pril

AprilMayJuneJulyAugustSeptemberOctoberNovemberDecember

1931:JanuaryFebruary -MarchApril

Monthly average,January throughApril:

19291930 .1931.

Freight-car loadings

3 J-£ ilj

.STJ.S1222*e r t &«

Liv

esto

ck

Coal

an

dco

ke

Fore

stp

rod

uct

s

Thousands of cars

3,989

3,6194,5993,7193,5564,6703,7253,8184,1272,784

3,4912,8362.9402.986

4,0363,7223,063

1,062

1,0041,210

967899

1,179944966

1,133820

997842886899

1,0641,021

906

144

157188166233304189163190143

196165153151

182172166

107

961178680

10610812914094

124887985

113107

94

632

571740579557769638733852638

817584555486

809727611

278

230265199160207162159174121

156138138130

268231141

• «

I 1: S^

Fre

igh

t-car

surp

lus

111

512592502452841951549222

26222329

601 41

25

1,655

1,5101,8201,4721,3821,8211,4901,5141,546

946

1,175997

1,1051,206

1,5411,4231,121

221

428442465455432394403580707

647651622603

249432631

Net

to

n-m

ile

op

era

tio

ns,

mil

lio

ns

of

ton

s

38, 346

34, 89436, 95634, 41935, 58037, 42136, 22039, 29232, 29529, 026

30, 31427, 07929, 960

38, 98135, 317

Div

iden

d

pay

-m

en

ts,

steam

rail

way

s

Railroad securities

if !fcg i•g£^l«soca

Thousands of D°Lars

dolla>'s shafe

34, 200

40, 00036, 60039, 50054, 00036, 90029, 90044, 00038, 50039, 000

55, 60044, 90045, 50038, 100

39, 150, 47, 775i 46, 025

159, 783

178,662 !60,435

178, 46762, 63241, 51676, 2545,0007,600

14, 250

175, 00412, 000

200, 0186,000

63, 648145, 09698, 256

128. 49

131.18123. 59113. 84113.69110. 38110. 1697.3090.2382.00

90.3892.0384.5574.97

130. 47130. 2485.48

•eg

IPPer cent

of parvalue

88.05

89.8190.4291.3692.8394.2595.8395.8594.6392. 89

96. 5996.4196. 3196.11

88. 6689.6796.36

Ele

ctri

cra

ilw

ays,

pas

senger

sca

rrie

d

Millions

775

729736682655647646701659719

693629

784744

Pan

am

aC

an

al

traf

fic,

Am

eric

an,

bo

thd

irec

tio

ns

Thou-sands of

long tons

1,194

1,1201,1161,0621,2211,0221,0401,1331,009

953

958864910929

1,1951,162

915

Oce

an

traf

fic,

clea

rance

s,A

mer

ican

port

s

Thou-sands ofnet tons

2,738

2,9663,1122,8223,3713,3593.0602,6512,5011,991

1,8431,6951,7732,092

2,1862,2711,851

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Page 14: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

12 SURVEY OF CURRENT BUSINESS [June, 1931

Construction

CONSTRUCTION activity, as measured by contractsawarded, showed relatively little change from

March to April. The number of square feet of alltypes of construction, after having Increased 34 percent from February to March, showed much less thanthe usual seasonal increase from March to April, whilethe value of all contracts awarded during April was 9per cent less than in March. Residential building,which has been of comparatively small volume through-out 1929 and 1930, showed but slight change fromMarch to April; the square footage of contractsawarded for this type of building increased 2 per centand the value decreased 5 per cent. Construction ofpublic works and utilities was unusually heavy through-out 1930, but has slackened somewhat during the firstfour months of 1931. The value of contracts awardedfor construction of this character declined about 13per cent from March to April, and although the totalvalue for the first four months of 1931 is 10 per centlarger than in the first four months of 1929, it is about17 per cent less than in the corresponding period of1930.

Production of cement was at a low rate during thefirst quarter of 1931, but increased 36 per cent fromMarch to April and in the latter month amounted toabout 82 per cent of the production during April, 1929.Shipments of maple flooring were slightly larger thanin March, but total shipments during the first fourmonths of 1931 were 53 per cent less than during thecorresponding period of 1929.

Construction costs as indicated by the prices ofstructural steel shapes, cement, lumber, and the ratespaid common labor have declined almost steadily sinceDecember, 1929. The decline from March to Aprilamounted to 1.5 per cent and was the largest declineyet recorded for construction costs since the beginningof the general fall in prices. Building material pricesfor frame and brick houses likewise have declined sincethe latter part of 1929 and in April were lower than atany time since the World War. Common brick ship-ments increased for the fourth consecutive month, buttotal shipments since the first of the year were 70 percent less than the total in the corresponding periodlast year.

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE

Years and months

1929: April _ _ _ _ _1930:

April _ .MayJuneJulyAugust -SeptemberOctoberNovember _ . _ .December..

1931:January ,_FebruaryMarchApril _ _ _

Monthly average, Jan-uary through April:

1929 _.19301931

Building contracts awarded i

F. R. B.index(valueunad-

justed)

Monthlyaverage

1923-1925=100

156

118111146898481826261

55579082

1159671

All types of Residentialconstruction j building

Mil-lions

ofsquare

feet

85.0

56.653.748.244.639.841.239.533.129.1

24.628.338.039.4

68.945.332.6

Mil-lions

ofdollars

642

483457601367347332337254249

228235370337

474395293

Mil-lions

ofsquare

feet

51.7

25.423.520.818.216.819.722.318.814.7

12.216.622.12.26

37.518.818.4

Mil-lions

ofdollars

256.8

123.1116.696.884.382.798.5

104.780.870.9

54.477.9

100.995.9

180.391.582.3

Public worksand utilities

Thous-sands

ofsquare

feet

606

1,9991,0991,907

9461,2971,484

339468697

393246522785

9031,518

487

Mil-lions

ofdollars

191.2

165.7152.1322.8121.1126.7109.1113.076.478.6

95.278.6

151.7133.0

104.0137.8114.6

B

Maplefloor-ing—ship-ments

1 Thou-sands

offeet,

boardmeas-ure

6,821

4,0964,6693,9564,6254,4163,3312,8862,5541,811

2,3512,6763,0173,226

6,0203,7382,818

uilding

Ce-ment—

pro-duc-tion

Thou-sands

ofbarrels

13, 750

13, 52117, 24917, 23917, 07817, 82116, 12414, 41011,0988,480

6,5955,9208,245

11,245

10, 53110, 3528,001

materials

Fabri-cated Com-struc- montural brick-steel— ship-new ments

orders j

Thou-sands

ofshorttons

314

223279254270252 |156 :209 1151153 i

162158184294

289242199

Mil-lions

ofbrick

284.8

104.298.8

123.782.4

105.5115.3103.4103.533.5

19.719.829.331.3

137.982.425.0

Buildingmaterial

prices

Framehouse

Brickhouse

Con-struc-tioncost,Eng.NewsRec.

i First of month month-ly average 1913=100

| 176

173177175173169168171165168

163165163157

176177162

181

176181179177175174176172174

170171170167

181180170

203.4

207.2205.9203.4201.0201.0199.6198.7198.5196.9

194.5196.6194.5191.6

207.8207.4194.3

Real iestate

marketactivi-ty-

deedsrecord-

ed

Month-!ly av- !erage1926=

100

85.7

73.073.566.769.869.666.874.064.668.9

66.066.761.762.0

85.573.264.1 ,

Long-termreal estate

bonds

Total

Thousdol

21,711

27, 4353,813

11, 09316, 4251,938

13, 8906,6359,965

29, 877

4,5203,5902,0157,235

46, 31419, 3604,340

To fi-nancecon-

struc-tion

ands oflars

12, 962

8,29588

6,64810, 725

3001,4751.2101,595

530

2,8501,5001,0001,700

14, 6928,3961,763

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June, 1931] SURVEY OF CURRENT BUSINESS 13

AgricultureTHE combined index of the physical movement of

animal products into the wholesale markets ofthe country during April was 99.7, compared with94.0 in the preceding month and 100.5 in the samemonth last year. A comparison of the index for themonth of April in each of three years representedshows a marked stability for the group, all of which,except wool, are used primarily for food.

The combined index of marketings for animalproducts shows a slight gradual increase since thebeginning of the year, with a decrease in February,which is a short month, especially for livestock.

The usual seasonal increases during the first fourmonths of the year were recorded for wool, poultryand eggs, dairy products, and fish, while livestockmarketings showed a seasonal decrease. Comparedwith April a year ago, dairy products during April,1931, moved in the same volume; wool showed anincrease; fish receipts were somewhat lower; livestockand poultry and eggs showed only slight declines.

The combined index of crops moving through theprincipal primary markets for export and for domesticuse, including the supplies for deficit areas, for directconsumption, and for use in the manufacturing in-dustries, was 54.7 in the month of April. This figure

compares with 64.4 in the preceding month and 53.6in the same month last year.

The combined index of the four groups of cropsshows the usual seasonal influences, with the peak ofthe fall marketings reached in October, since whichtime there has been a steady decline.

The movement of grains reached its peak in themonth of August and has since been declining. Cottonhas registered the usual declining trend since November.Vegetables have shown an upward trend beginningwith January, reaching the high point in March.Fruits have made little change in recent months.

The indexes of stocks of farm products on hand atthe end of April show that the volumes of the twoimportant cash crops, wheat and cotton, are somewhatbelow the figures for the preceding month, but con-siderably above the visible quantities at the corre-sponding period last year. The cold-storage holdingsof meat at the end of April were exactly the same asfor the corresponding period last year. The decreasefrom March was seasonal. Stocks of wheat reachedthe maximum at the end of September and haveshown a gradual decrease since that time. Stocks ofcotton were at the highest point in December andhave also made a seasonal decline,

AGRICULTURE

Years and months

Indexes of marketing

;Animal products

Com-binedindex

Wonl Live" Poultry Dairy Fi ,^oo1 stock land eggs products *lsh

i j i i

Crops

1

Com- ! Voo.0 1bined j Grains i A\§®" Fruits ! Cottonindex | j tables |

! 1 ' ; 1I 1 : i i

Monthly average, 1923-1925=100

Indexes

Wheat,visible

supply,UnitedStates

of stocks, end ofmonth

Meats,cold-

storage

Cotton,UnitedStates

1929: April1930:

April -MayJune -. _ -JulyAugustSeptember .October-NovemberDecember - -

1931:January _ -February .MarchApril

Monthly average, Jan-uarv through April:

192919301931

99.7

100.5 i109.8 ;H6.7 ;111.8 i91.4 i91.2 i96.7 ':88.5 i97.8

94.7 I85.5 ;94 099.7 :

91.094.293.5

48.6 '

64.1142. 7 !412.5 ;545.1360.5 (

30.9 :79.134.557. 1

25.350.861.978.2 !

3 5 . 0 ' i "48.3 i54.1 j

i

87.4

83.081.279.276.676.593.9

108. 088.092.9

96.279.879 682.4

86.185.784.5

130. 6 102. 8

144.4 106.8138. 2 134. 6112.0 148.990.6 131.571.6 94.678.2 86.379. 2 82. 2

121.6 77.8137.8 92.7

95.0 96.494.0 91.3

121.8 > 102.9141.4 106.8

97.3 i 95.8108.9 ! 96.2113.1 ! 99.4

163.5

207.2192.0185.2263.3202.0229.1172.0146.298.9

103. 4116.2169.4186.1

136.4171.0143.8

60.4

53. 61 54.3; 48.71 93. 3i 122. 5I 175. 5

212.1i 148.8| 105.8

74.364. 9

! 64.4! 54.7

76.262.164.6

58.6

58.456.158.5

177.5180. 5139.082.672.379.8

81.084.680.066.5

83.370.273.0

103.6

95.1136. 5151.0113.481.9

138.8168.489.679.4

98.091.1

104.393.4

99.094.996.7

85.6

56.071.957.8

124. 4133.1164.3249.0109.067.1

70.268.175.170.6

78.554.271.0

45,6

39.029.014.05.8

77.7219. 3327.5240.6144.9

64.040.638.636.5

65.449.444.9

199.4

232.2203. 8187.3275.3331. 7364.1349. 8344.8333.3

335.8343.7352.7339.8

212.5263.5343.0

132.5

102.999.1

100.197.082.268.155.762.376.9

100.1114.0111.8102.9

130.8106.6110.2

146.5

187.9174.0158. 2144.0158.7220.4315.4353.4355.9

338. 8314.3288.0262.6

186.4223.0300.9

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14 SURVEY OF CURRENT BUSINESS [June. 1931

Iron and Steel Industry

OPERATIONS in the iron and steel industry haverecorded the usual seasonal decline from the

March peak. The index of electrical-energy con-sumption for power purposes by the industry declined1.2 per cent in April as compared with March andwas 22 per cent below April, 1930. Employment waspractically unchanged in April, but the adjusted indexwas 27 per cent below the same month last year.The pay-roll index (unadjusted) in April was 1.2 percent below the preceding month and 29 per cent belowa year ago.

Pig-iron production in April was slightly lower thanin March, although the daily rate of production showedan increase for the fourth successive month. Apriloutput was 36.5 per cent below the same month of1930, and the year's production to May 1 was 38.2per cent below the corresponding period of last year.Furnaces in blast at the end of April were 114, 2 lessthan at the end of March and 69 less than a year ago.

Steel-ingot production in April was 9.1 per centbelow March and 33.8 per cent below April, 1930.For the first four months of the year production was

down 34 per cent from the same period of last year.The rate of operations was 49 per cent of capacityin April as compared with 54 per cent in March and79 per cent in April, 1930. Further slackening in thedemand for finished steel during May resulted in acontinuation of the downward trend, the rate ofoperations for the week ended May 25 being 43 percent. Notwithstanding the lower rate of operations inApril, the unfilled orders of the United States SteelCorporation at the end of the month were 2.4 per centbelow March and 10.5 per cent below the total for thecorresponding date last year. A decline in unfilledorders has occurred in April in all but 2 of the past 10years—the exceptions being 1922 and 1929.

Prices exhibited a weakening tendency in April andthe first half of May. Although steel billets andstructural steel beams were unchanged in April, thecomposite iron and steel price was slightly below theMarch level; the trend continued downward into May,when the price reached a postwar low at $31.37 perton. Average prices during the first four months of1931 were about 10 per cent lower than in the sameperiod last year.

IRON AND STEEL

Years andmonth

'L , :General operations

Rate ofopera-tions-electricenergycon-

sump-tion

|

Em- pay

Monthly average, 1923-1925=100

1929: April . 153.31930:

April 138.3May 135.1June 115 2July. . 109. 7August 112.0September 110. 3October . 126.0November.- _ 106. 5December 110.2

1931:JanuaryFebruaryMarchApril .

Monthly average,January throughApril:

192919301931.

103 4116.5119 4108. 1

157 6140. 3111.9

98.5

91.991.690.087.383.981.781.380.279.1

77. 575.976.676.5

98.292.576.6

110.5

97.795.590.878.677.575.475.868.9

iron anusteel

Ex- Im-ports ports

Pig-ironpro-duc-tion

Steel ingots

Pro-duc-tion

Thousands of long tons

278

209196159132151131132112

66. 7 L 102

62.467.570.069.1

106.995.9

93'•< 91i 110

101

i 271i 217

67. 3 99I

44 3.663

4546

3,1823.233

35 2', 934 i32 1 2,64027 ' 2,524 !30 2,27730 2.165 i3524

1,8671,666

32 1.714213139

444131

1,707

4,950

4,1093,9833,4192,9223,0612,8402,6932, 2121,980

2,4592, 502

2, 032 2. 9942,020 2.722

3, 507 4. 7123,024 4.0441,863 2^669

Percent

Fabricatedstructural

steel

i i

^ Ship-

ofca-pac- iity

97

Thousands iof short !

tons

314

79 2237468565955504438

|43495449

937949

279254270252156209151153

162158184295

289242200

281

284 i265 |280 ;275 i262 :243239195168

172166151 \148

255265 l

159

UnitedStatesSteel

Corpor-ation,

unfilledordersend ofmonth

Thou-sands of

long tons

4,428

4,3544,0593, 9684,0223, 5803,4243,4823,6403,944

4,1323,9653,9953,898

4,2734,4693,998

Prices

Steelbillets,Besse-mer

(Pitts-burgh)

Dollarsper long

ton

34.80

33. 0032. 5031.0031.0031. 0031.0031.0031.0030.60

30.0030.0030.0030.00

33.76j 33. 25

30.00

Struc-turalsteel

beams

Centsper

pound

1.90

1.801.801.701.651.651.601.601.601.60

1.631.651.651.65

1.901.831.65

Iron andsteel

Dollarsper long

ton

36.81

34.4833.8433.5333.2533.0132.6732.3131.9531.76

31.7031.6531.6631.61

36.4235.0931.66

Com-posite

finishedsteel

Manga-nese (ore

con-tent),

imports

Centsper

pound

2.56

1 Thou-! sands ofj long tons

31

2.392.35

2630

2.33 I 312.29 162. 26 ! 82.242.222.202.19

2 222 22

2218

! 10

29

1710

2 23 22.22 \\ 33

2. 552.432.22

212916

Totalcoke pro*d lu-t ion,beehiveand by-product

Thou-sands of

short tons

4, 955

4, 5484, 5384, 2163, 9853, 8073, 5693, 6103, 3053, 24S

3, 2553,0613, 4053, 255

4, 8924, 5093,244

1 Adjusted for seasonal variation.

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

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June, 1931] SURVEY OF CURRENT BUSINESS 15

Metal-Working Industry

AGREATER than seasonal decline in productiveoperations was registered in the machine and

metal-working industry during April as compared withMarch, the adjusted index of production in thisindustrial group reaching the low point in the presentrecession. The average index of production for thefirst four months of the current year was 26 per centunder that for the same period last year and 40.3 percent under 1929. The rate of manufacturing opera-tions in the metal-working industry, based upon theconsumption of electrical energy for power purposes,decreased by 8.6 per cent in comparison with Marchoperations and was 24.6 per cent under April last year.

Employment in the metal-working industry, how-ever, remained on approximately the same level asduring March, after adjustments are made for seasonalvariation. Volume of pay rolls, while decreasing fromthe March volume, was still slightly above January andFebruary. The average monthly volume of pay rollsfor the first four months of the year was 28.2 per centunder that for the same period in 1931.

Operations in the plants manufacturing machinetools, as measured by shipments, remained on aboutthe same plane as during March, the current opera-tions, however, being on a plane some 61.6 per centunder April, 1930, and 70.7 per cent under 1929.

New orders for steel boilers placed during Aprilincreased slightly over the March orders, but theaverage of monthly orders placed during the firstfour months of the year was 36.1 per cent under theorders placed during the same period in 1930 and54.0 per cent under 1929.

Shipments of electric overhead cranes increasedfrom 261 in March to 416 in April. The shipmentsof cranes in April last year, however, were double thecurrent shipments. The average monthly shipmentsfor the first third of the year were less than one-halfthat for the same period past year.

Mechanical-stoker sales have been on about thesame level since the opening of the year. It appearsthat the low point in sales of stokers was reached inDecember.

METAL-WORKING INDUSTRY

Years and months

1929:jApril1930:

AprilMay .JuneJulyAugustSeptember ...OctoberNovember -December, __

1931:JanuaryFebruaryMarch ..April

Monthly average, Janu-ary through April:

192919301931 .

General operations

Pro-duc-tion(Fed-eralRe-

serveBoard),

ad-justed

Monthl

136

10610196979697958785

78797773

12910477

Bateof op-era-

tions,con-

sump-tion of

elec-tric

energy

y averag

148.3

125.5116.3106.895.195.297.487.089.697.8

95.0112.3103.594.6

147.3128.7101.4

Em-ploy-ment,

justed

Payrolls,

unad-justed

e, 1923-1925=100

105. 1

81.080.280.378.776.173.672.671.871.2

69.266.866.666.5

104.283.167.3

127.0

88.384.485.076.072.070.769.467.367.9

64.164.466.365.4

124.090.665.1

j i

S •£*•SJfe «"-

Month-i lyaverage

1922-1924

! =100

311

23419717612812096

1036785

75739291

30021583

Nur

1,706

1,0171,2831,3601,3091,3711,2541,189

777814

598516630689

1,322952603

Wood-work-

ingma-

chines,ship-

ments

nber

1,420

603577615624694488441442529

400421400356

1,150683394

Elec-tric

over-head

cranes,ship-ments

Thou-sands

ofdollars

748

825880956

1,005729942677587671

496530261416

740909423

Me-chani-

calstok-ers,

sales

Oilburn-

ers,ship-ments

Number

141

10896

151150115

'128927153

?7676365

1098170

5,628

5,8718,1787,6239,593

11, 35417, 03618, 5807,8555,025

3,9523,5044,2265,229

5,0755, 2054,228

Pumps,steampower,cen-trif.,ship-

ments

WaterElec- soften-tric ing ap-

hoists, para-ship- tus,ments ship-

ments

Watersys-

tems,ship-ments

Thousands of Numbef

1,740

1,5581,6411,6441,3381,3671,1831,1671,1161,205

718873

1,036918

1,6021,445

886

285

232210207177146141138116106

134112166113

250250132

1,604

1,5541,279

752782774755738732645

753703851785

1,4251,332

773

10, 709

9, 71011, 12010, 3759,6999,2208,2027,5226,4015,177

6,0105,4346,1057,638

8,4448. 5336,297

Foun-dry

equip-ment,ship-ments

l

Month-ily

average1922-1924= 100 j

220.3

217.4149.4160.5116.182.666.062.076.5

102.6

54.755.472.969.7

202.5 i201. 363.2

Patentsgranted

Agri-cul-turalimple-ments

. .

Nur

62

6049

109512743415258

41446767

484955

In-ternalcom-bus-tionen-

gines

uber

54

7359

144523035495407

58766863

51«388

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Page 18: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

16 SUEVEY OF CURRENT BUSINESS [June, 1931

Automobile and Rubber IndustriesA UTOMOBILE production in the United States and

JL\ Canada increased steadily in April, and the out-put was 22 per cent above March. The April gainwas greater than seasonal; the adjusted index of pro-duction advanced 13.4 per cent. However, Aprilproduction was 24.6 per cent below April, 1930, andwas the smallest for the month since 1922. In thefirst four months of the current year the output was30.7 per cent below last year and was also the lowestfor any similar period since 1922.

Employment increased slightly more than the usualseasonal amount, and the unadjusted index of payrolls was up 4.6 per cent. Compared with last year,the adjusted index of production was down 20.1 percent and the pay-roll index down 29.8 per cent.

Exports of both passenger cars and trucks declinedn April, and the total wras about 54 per cent belowthe same month of last year. The decline in Aprilwas somewhat larger than in the first quarter and forthe four months exports were just half those of thesame period of 1930.

The usual seasonal improvement in the tire industry

has been evident since the low point of last November.The April output was larger than in March, accordingto preliminary data. Employment in the rubberindustry was higher in April, and the adjusted indexadvanced 3.1 per cent over March, while the unad-justed index of pay rolls advanced 5.7 per cent. Theemployment index in April was 19.9 per cent belowApril, 1930, and the pay-roll index was down 29.3 percent from the same month. In the first quarter of1931 the output of pneumatic tires was 11.4 per centbelow the same quarter in 1930, and shipments duringthis period were 14.4 per cent less than a year ago.

Preliminary figures on world stocks of crude rubberat the end of April show little change from therecord March total. Prices have been weak, and theApril average for spot rubber at New York went to anew low at 6.43 cents a pound, off 1.28 cents from theMarch average. The previous low record was 7.70cents in February of the current year. Imports ofcrude rubber into the United States in April were 10per cent above March and only 2 per cent belowApril, 1930.

AUTOMOBILES AND RUBBER

Year aiicTmoiith

1929: April1930:

April -.May _ _ _ . _ . _ _ _ „ _JuneJulyAugust ._ __SeptemberOctober. . _NovemberDecember .

1931:JanuaryFebruary.MarchApril

Month ly average, Januarythrough April:

192919301931

Auto,indus-

try

Rateof

con-sump-

tionof

elec-trical

energy

Mo.av.,1923-1925=

100

170.6

112 9105.8102.975.386.688.480.974.971.5

67.588.994.190.8

159.0109,685.3

Automobile production

Total

United States

" " " " j """

Pas-sen- Taxi-ger cabscars i

i

Thousands

622

444420335266224221154137156

172220276336

519361251

536

376365288225186178115102123

138180231285

449306209

Num-ber

1, 686

486440463376386930582609

1,425

512529410665

1,984931529

Can-ada

! TotalTruH Sue".tion

Automobileexports

Pas-sen-gercars

Trucks

Thousands

84 42

68 ] 2455 2546 ' 1540 1038 1 10 •42 ! 8 !38 i 5 ;34 J 5 ';32 i 6 !

34 i 6 !40 i! 10 145 ! 1350 ' ! 17

67 j 3454 i! 1842 i 12

48

241710888690

91211

392010

17

11105455465

5465

19105

Elec-tric

trucksandtrac-tors,do-

mesticship-

ments

Num-ber

184

10712767

1028277913742

335084; 4s

16611454

Auto-mobileacces-sories,ship-ments

Janu-arv,

1925=100

91

747871656076796355

46536566

817258

Automobilefinancing

i?y.whole-sale

deal-ers

Bycon-sum-

ers

Millions of; dollars

! "

; 85! 84i 541 55! 451 45! 36

3036

4050

, 63

j i

55

|! 69

i

172

14711513811910391816066

626692

120107

Pneumatictires

Pro- Iduc-tion

Do-mesticship-

ments

i

Thousands

5,913

4,5184,5744,0983,1933,3322, 6922,8662,1232,251

i 2, 940! 3, 188| 3,730

5,445| 3,911

1

5,242

3, 8863,9604,0504,2293,9763,3602,6132,1192,550

2,8552,5803,143

4,6293,493

Crude rubber

WorldIm- stocks,ports end of

month

Thousands oflong tons

56

464340353736453037

37344145

574639

266

378379380395401427428430440

460470488

251361

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Page 19: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS 17

Textile IndustryA;TIVITY in textile manufacturing has made a

gradual improvement since the beginning of theyear, according to the Federal Reserve Board'sseasonally adjusted indexes of production and employ-ment.

Domestic consumption of raw cotton during Aprilwas slightly greater than in the preceding month,while showing a small decrease compared with the samemonth last year. Average monthly consumptionduring the first four months of the year was less thanin the corresponding period last year. Stocks on handat the end of April were smaller than for the precedingmonth, but were larger than at the same period lastyear.

Manufacture of cotton textiles during April recededfrom the level of the preceding month, reaching apoint below the volume of the same month last year.Shipments during April were less than in either thepreceding month or the same month last year. Ship-ments during March were the highest for any monthduring the past year. Stocks at the end of Aprilshowed a slight increase over the preceding month,

but were below the volume at the corresponding periodlast year. Unfilled orders at the end of the monthwere less than for cither the preceding month or thesame period last year.

Total wool receipts at Boston during April were lessthan in either the preceding month or the same monthlast year, although the domestic receipts showed aseasonal increase over the preceding month. Theprice of fine staple scoured wool at Boston has showna declining tendency since the latter part of 1930.Spinning activity in woolen manufactures has beenirregular in recent months, while that in worsted goodsincreased gradually during the first quarter of the year.

Deliveries of raw silk to manufacturers have de-clined since the record high of November, 1930, andin April were slightly below the volume in the samemonth last year. The wholesale price of silk goods,represented by the Fairchild composite index, hasshown a steady decline during the past year.

The wholesale price of rayon has declined duringthe past year, but has made sudden rather than gradualchanges.

TEXTILES

Cotton

i j;0'£

3 a

> and months i 3p

: Bal-s

i lRaw

|*| i | 1

SI* : ^„ 4) O i 4; O i

ia !' !Tfl CG ;

•'•"- ]fe'T;!?,of»[,t jU(- ' s ; hours '

Cotton manufactures

Cotton textiles <"23 groups oftextile constructions)

• • , " * « M - • "^~*V-^~

£a : *g **i *l;i1* : S| Jg| lisaCU DfJ Cfc U

Thousands of yards

Wool

1 •- S ; J s-" ®. s- O i . p3«. -« S.2*

2 a i 1 *I §*!•§' ^«^2 i ! fa H o g

•3-sg r |£ |S5§§- fe f t o i 'Ev-as^

^ ^ -

Month-1-\ll,v

ll'r- Thou- Dol-

1 -i'(,]\'_ sunds of larsperi'(H > pounds i pound

= 100 '

Wool manu-i factures

Spinningspindles

g ®1 |£ £

Per cent of ae-tive hours tototal r( ij)oru id

Silk

Dol- ! Dol-l i t i les 1-arsper' lars per

yard })ound

1929: \p;-il1930:

M n v.JuneT u l vAugus t . :SeptemberOctoberI\overiiberDeeemlier

1931:Januar 'v . _ ._.Febnifir vMarcl!..'April ... .

MOT thly average, Januaryt '.rough Apri l :

929....93093 !

031,

531,

405!->-(,352,394,444,414401),

454,433,490,508,

471,

802

911

^30022335321494887207

1885105SO744

019528757

4, 131

5 2994, 9074, 4024, 0004, 4700. 2158, S959 905

10. 037

9, 5538, 8028, 1 207,404

5. 257(5 2888,485

8,801 ,

7 4 9 7 ' 10, 725 i5 7895,301 '5,134 ' '5,003 10, 239 '5,832 '5 ,910 |

0,300!0,110 !7, 001 ,7, 129 ;

8, SOO ,

6,650

283,878 ! 1

257,243 j :275,801 119S 539 : 110")21S182,228,20%234.

202,212,

22 o!

,"04,

22"!

»MO 1

800 , I0 M -052 1

149I'.s .MS955 i

388 :190 1978 5

77, 098

53, 30070, 050^2, 05270, ()S«j3K34S

70, ^100, M.I2>) l i~) '

10 V » 74s r t

\ll\ 582

1 4, 301>S 1,20548, 430

352, 091

441.730450, 481400, 3H8455, ;>294 VI, 990392, 400350, SS'J350, Sf,i ,;'.f'3, 9(')2

>,.K"\ 51 1319, 32s273, 7M282, 151

30 \, 887415^83 ,307,694

430, 298

357, 328273, 745219.040222,498 ,22(5 ,422 12>5, 427 |350, S45

2^-S, ('50

317, 4')5395, M)2 1373,951294, 118 !

4 ( ; t , <84 !

374.31-5345,334 •

104

138137114130120

124124

120119121119

101

120

1 \ 390

IS, 80415, 031513,780

00 ;.65 |

1.08 i78 '

.68 !

83(iO57 !

1.151. 151.15

60200—31-

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18 SURVEY OF CURRENT BUSINESS [Juno, 1931

Food IndustriesTHE volume of productive output in the food-

stuffs industry, taken as a whole, increased morethan normally during April as compared with March.The April operations were 10.4 per cent over Marchafter seasonal adjustments are made, bringing the in-dustry to almost the same level as was reported forApril last year. The rate of operations in the industryduring April, as indicated by the consumption ofelectrical energy for power purposes, was 4.5 per centabove that witnessed during March, and 2.2 per centover April, 1930. With the exception of chemicalsarid allied products, the foodstuffs industry is the onlyindustrial group reporting an April rate of operationsin excess of that during April last year.

The actual number of employees in the foodstuffsindustry decreased slightly during the month but thedecrease was less than would normally be expected atthis season of the year. The volume of employmentin this industry was about 7.1 per cent under thatreported for April last year. Aggregate pay rolls alsofell off about 1.1 per cent during the month as comparedwith March and were about 11.5 per cent under theApril, 1930, pay rolls.

Wholesale prices of food products reached the lowestlevel in the present recession. The average monthlywholesale price for the first four months of the yearwas 18.8 per cent under that recorded during the sameperiod, last year.

Receipts of wheat at principal markets dining Aprilwere some 32.3 per cent under March, the decrease forthe same period last year being 35.8 per cent. The aver-age receipts for the first four months of 1931 were 64.7per cent over those for the same period last year. Thevisible supply of wheat in the United States at theclose of April was 200,000,000 bushels, as comparedwith 136,000,000 bushels in sight at the close of Aprillast year and 117,000,000 bushels at the close of April,1929.

Corn receipts decreased slightly from those of Marchand the average monthly receipts for the first third ofthe year was some 26.9 per cent under the same periodlast year.

Cattle receipts increased during April with respectto March, while hog receipts decreased by 4.4 per cent.Both were below the receipts reported for April, 1930and 1929.

FOODSTUFFS

Years and months

1929- April1930:

AprilMayJune -_JulyAugust _ _ _Sepiem berOctoberNovember -_December

1931:JanuaryFebruaryMarch\pril

Monthly average, Janu-ary through April:

1929 .19301931

Food products* in-dustry

Em

plo

ym

ent,

ad

-ju

sted

Bat

e at

op

erat

ion

s,co

nsu

mp

tio

n

ofel

ectr

ical

en

erg

y

Monthlyaverage,

1923-1925-100

99. 6

97.597.195. 895.293.092. 990. 991. 490. 8

91.290. 389. 990.6

99.797 790.5

121.2

119.4138. 2145. 4139. 2141. 21 IS. 6137.21 24. 4107.1

118. 3122. 0116.8122.0

124.7127 7119.8

Who

lesa

le p

rice

sM

onth

ly

av-

erag

e, 1

926=

100

97.7

94. 692. 090.586.387. 189.288.685.781.8

80.177.176.775.6

98.295 3

Coo

pera

tive

mar

ket

ing

An

imal

pro

du

cts,

mar

ket

-in

gs

Monthlyaverage,

1923-1925=100

60. 4

53. 654. 348.793. 3

122. 5175. 5212. 11 48. 8105.8

74. 364. 964. 454.7

76.2f\9. 1

77. 4 64. 6

99.7

100.5109. 8116.7111.891. 491.296. 788.597.8

94.785. 594. 099.7

91.094.293.5

Wheat

Bec

eipt

s,

pri

nci

pal

mar

ket

s

Vis

ible

s

up

ply

,U

nit

ed S

tate

s, e

nd

of m

on

th

Exp

orts

, in

clu

din

gfl

our

!

Millions ofbushels

17

131719998563

! 2925

29313121

2417no6O

117

136120110162195214205202196

197202207200

125155201

9

101216241912g0

645

9106

Pri

ce,

wtd

. av

erag

e,6

ma

rk

ets

, al

lg

rad

es

Corn

Rec

eipt

s,

pri

nci

pal

mar

ket

s

Vis

ible

s

up

ply

,U

nit

ed S

tate

s

£ Millions of£ % bushels

1.09

1.031.01.94.83.85. 79. 76.70.73

.71

.71

.71:i. n

.72

16

16181720161517

19211917

!272619

31

?iI4

5

17

18202220

332220

Pri

ce,

No.

3 y

ello

w,

Chi

cago

a

AQ

.90

.82•if' t > 9

!99.94.82.71.69

.65

.61

.60

.58

.93

.82

.61

]Animal products

Cat

tle

rece

ipts

!K

p<

i.M)

Thousandsi

1, 752

1,6441,517

! 1, 4591 1,512

1,605! 2, 1081 2, 377i 1, 696

1,736j

1, 5081. 303

i 1, 5351,617

1. 5091,5391,491

3, 582

3, 2553, 2933, 2152, 9182,6172, 7993, 4413, 4394, 002

4, 6523, 7043, 2073,087

4. 0383, 7633,658

To

tal

mea

ts,

cold

-st

ora

ge,

en

d of

mo

nth

o

ji^1,270

986950959929788C52534597737

9591, 0921,0721,099

1,2531,0211,056

iT

ota

l ra

w s

ug

ar i

m-

po

rts

749

460682311395313392360314312

204364515415

588357375

Cof

fee

imp

ort

s I

o

ifo

988

1.065915

1,010801712991

1, 159957

1,098

1, 0941, 2891,4071,126

1,0271,1161,229

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

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June, 1931] SURVEY OF CURRENT BUSINESS 19

Forest Products1 UMBER-INDUSTRY employment and pay rolls for

^ April, as indicated by the indexes computed bythe Federal Reserve Board, were about the same andslightly below March, respectively, and about three-quarters and three-fifths, respectively, of April a year ago

The rate of general operations in the forest-productsindustry declined somewhat in April, though still re-maining above the first two months of the year.They were about 11 per cent below April a year agoand 8 per cent below the 1923-1925 average.

Southern-pine production in April remained un-changed from March, although new and unfilled ordersdeclined considerably. Production in April was about40 per cent below the high level of a year ago but stilltwo-thirds above the 1923-1925 average. The averageindex for the first four months of 1931 showed aboutthe same relationships. New orders declined in Aprilfrom the earlier months in the year to a level about athird below that of April, 1930, while the average of thefirst four months showed new orders to be, like pro-duction, about two-thirds above the level of 1923-1925. April unfilled orders were 40 per cent belowthose of a year ago.

Douglas-fir production rose still further in April,continuing the customary seasonal rise begun inJanuary. New and unfilled orders also both increasedin April over March. Operations for the first four

months of 1931 were at a much lower level than in 1930,in which year they had also declined from the level of1929.

Marketings of forest products increased seasonallyin April, but were onl}7 about two-thirds of the amountof a year ago, which was itself considerably belowthat of 1929. Naval-stores marketings increasedsharply but seasonally in April over March to a levelabout equal to the 1923-1925 monthly average.

Car loadings of forest products increased in April,although the index was somewhat lower because of theunavoidable inclusion of an additional week in theMarch index. This rise came after a steady declineduring the first three months of the year. Car load-ings were still nearly a third above the 1923-1925monthly average.

The lumber industry was less active in April thanin March as indicated by electrical energy consump-tion which declined slightly and was 11 per cent lessthan in April, 1930. The index of employment ad-justed for seasonal variation showed a very smalldecline from March to April but was 26 per cent belowthe level of the year before.

The pay-roll index also declined and extensive part-time operation is indicated by the fact that the April,1931, index was 39 per cent below the level of Aprillast vcar.

FOREST PRODUCTS

General operations

j : Em-Rate of ploy-

Ye^and month. & "justed

Monthly ave1923-1925 =

1929: April 108.0 89.31930:

April 102 8 75 •?.May _._ 102.4 73 9June ' 107 3 71 6July _ 100.0 67.8August 97 7 65 1September 105.0 6 2 4October i 77 1 62 1November 86 3 60 4December ' 73 3 58 8

1933: :January . : 82 6 56 3February i 84 2 56 3March 93 2 55 7April _. 91.5 1 55 4

M o n t h l y average, January ;through April:

1929 : 106 8 88 71930 i 94 7 | 77 31931 . 87.9 55 9

Payroll,

unad-justed

rajre100

90.9

73. 8

70.963.061.660. 960.454. 750. 4

44. 045. 646 244.9

87.373. 545.2

Southern pine i Douglas fir' i li i

••£'«.; |

; 278 i 243\ 258 i 229

218 i 184224 | 197202 i 189207 } 206211 213185 | 177157 1 146

165 191154 j 171J65 1 174

i 165 | 169

1

262 ! 243162 176

i

isss i! sss: $£,orders | tion Oldus

l i ;

Millions of feet board

|: " "

i 367 384! i

180 329 ! 292160 308 j 291151 ,' 253 240128 • 190 213124 j 207 i 223J 1 2 200 i 218109 • 208 j 203105 ; 192 i 18699 167 ! 189

116 ' 160 \ 192107 i - 179 ! 189113 ; : 186 ; 217104 i 202 224

i : ']')() ' '-j(j(j

191 |' 284 i 270110 182 j 206

Un-filled

orders

measure

408

266202199172135176138176188

183182197216

376267195

H

Pro-duc-tion

319

i 255! 2401 214i 1721 165

161i 158' 143i 134

1 143i 158

165; 146

315258153

ardwoods

oSs orders orderg

323 ' f . lS

199 , (L>7195 603143 1 557128 : 526139 i 500176 475154 ! 436133 452.125 : 45f '

169 456188 • 481 ,173 473154 463

328 ;. 641211 ! 6^9171 468

Indexes ofmarketing

Totalforest Navalprod- storesuets

i

Monthly aver- iage 1923-1925= '

100

91. 7 135. 0 ,I

79. 1 100. f >80. 1 174. 7 '70. 0 170. 765. 4 203. 966. 0 171. 260. 2 158. 208. 2 143. 1 !

62.9 112 958.0 117.7

55. 8 37. i55. 9 25 561.2 39 764.9 98.3 ,

83.7 51.770.6 54.2 .59. 5 50. 1

i

Carload-ings,forestprod-ucts

Thous-ands of

cars

278

230265199160207162159174121

1 56138138130

268231141

Furni-ture,un-filled

orders,south-east-ern

district

Dollarsper

firm

32.7*.

22, 97622, 02833, 95135, 90333, 43225 83017,33515,41114, 073

45,91934, 868

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Page 22: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

20 SURVEY OF CURRENT BUSINESS [June, 1931

iscellaneous IndustriesLEATHER

Less than the normal seasonal curtailment in pro-ductive operations was recorded by the leather andits products industry during April. While the actualnumber of employees decreased during the month,this decrease was less than would normally be expectedat this season of the year. The volume of pay rollsin the industry decreased by 3.8 per cent during April,and was 13.5 per cent under April, 1930.

STONE, CLAY, AND GLASS

Production in the stone, clay, and glass group in-creased more than normally for this season of the year.The number of employees added during the monthof'April, however, while amounting to 4.1 per cent ofthe total March employment, was about the normalincrease for the period. Pay rolls increased by 3.2per cent but were still 27.S per cent under April last3rear. Cement production increased about 36 per centbut was still 16.8 per cent under April last year.

PAPER AND PRINTING

Employment in the paper and printing group de-creased slightly, but the decrease was less than is usualfor this season of the year. Pay rolls declined b}" 1.3

per cent and were 11.4 per cent under April, 1930.Production of newsprint paper increased slightly overMarch, but the average production for the first fourmonths of the year was 13.9 per cent under the sameperiod last year.

CHEMICALS

The chemicals group as a whole recorded a 2.1 percent increase in number of employees, after adjust-ments are made for seasonal variation, but the petro-leum-refining branch of the industry reported theunusual increase of 7.8 per cent. April employmentin both the chemicals group and petroleum refining,however, was materially under this time last year.Pay rolls increased by 2.5 per cent in the group as awhole and by 6.5 per cent in the petroleum-refiningbranch.

FUELS

Bituminous-coal production decreased seasonally by5,424,000 tons, which was not quite so large a decreaseas would be expected during April. The April pro-duction was 20.6 per cent under April, 1930, a reflec-tion of curtailed factory operations. Anthracite pro-duction increased by 22.4 per cent from the Marchproduction, a materially greater than normal increase.April production was 20.2 per cent above April lastyear.

iVSlSCELLANEOUS INDUSTRIES

Years and months

1929' \pril1930:

AprilMavJuneJulyAugust - -SeptemberOctoberNovemberDecember . . .

1931:JanuarvFebruarv _ . .MarchApril

Monthly average, Januarythrough April:

19291 9301931

Fuel

Bitu-minous

coal

Thons:short

37 565

35, 86035 954

; 33, 714! 34, 715! 35,661• 38 632

44, 150i 38, 122! 39,716

38 542': 31. 408i 33, 870; 28, 446

i 44 54°40 °42

' 33, 075

H'oduetion "j^

An- Crude v^ff 'thra- petro- f],,pcite I cum f|0n

tons< h°ttVlsf l!pih'>f

6,205 ' 80 29

! 4,829 : 77 295,947 80 ' 25

1 5. 183 77 ! 245, 658 77 : 24

1 6,190 75 28' 5 293 71 29! 7,576 73 28i 5,207 68 : 19! 6,086 67 i 17

6 157 66 : 20; 5,391 til 24, 4.745 69 - 29

5 807 ' !

6, 139 '• 80 • ' 29: 5,597 • 77 , ; 281 a 498 i ii ' ! I

j1* Stone, clay, an

Soleand Co- Platebelt- merit, glass,ing, pro- pro-pro- I due- due-due- tioii tiontion

Mil- Mil- ^^lions of l i on^o f l,("JiirJpound> K-ireLs fe(j|

c

23 14 13

25 i 14 1124 17 ! 13

! 24 ; 17 9i 2 4 . j 1 7 8i 23 i 18 6i 23 ! 16 8

23 ; 14 9! 19 | 11 7! 22 : { 5

20 7 ! 717 : 6 j 918 ' 8 1 11

i 11 1 10

23 : 11 ! 1225 : 10 i 10

: 8 ! 9; j

d glass

Com-monbrick,ship-ments

Mil-

285

10499

12482

105115103103°3

20202931

13883

Paper andprinting

: News-News- print,print, con-pro- sump-due- tion,tion i pub-

lishers

'] l .o ' i .nuN of

1 19 190

110 191118 194108 178103 ' 164102 15795 164

105 18392 18599 . 167

102 161: 89 150

101 179102 1 74

116 186115 18299 166

Sul-phuricacid,

exports

Thou-suids ofI oiinds

(:35

328507410571176466704309439

305376200311

599473298

Nitrateof

soda,im-

ports

Thou-s . T H K o f

longtons

120

704219299

19273536

4668

12067

1138875

Chemicals

Re-Crude fined

ar- ar-senic, sen ic,pro- pro-due- duc-tion tion

Short tons

1, 382 836

1,350 1,0841, 652 9632,168 1.0811,428 1,0321, 217 1, 0022,077 1. 1012, 694 1, 2652, 392 1, 5081,483 1,439

2, 803 1. 5701,494 1,4091, 957 1, 5061, 402 964

1, 272 8991, 514 8751,914 1,362

Ace-tate oflime,pro-duc-tion

Mil-lions ofpounds

10

8

44(\6

8

8

8

109

Meth-anol,crude,pro-duc-tion

Thou-sands ofgallons

615

518426319193242294380430477

631474492

5S4515

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Page 23: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

CANADBAN AUTOMOBILE FINANCING1

21

Total cars

Year and month

1929

FebruarvMarch\ prilM ivJune .. - 1Julv

SeptemberOctober - .NovemberDecember

Total (year).'

Numberof cars

4 o 134, 702

10 72522, 43725 0(>323, 85419, 591M 46911,78512,3948. 9995,710

163,973

Financingdollars

9 4 I t 939

2,818,7405 976 934

11, 9f 0,691I9 473 32912,416,93710, 446, 3^2

7 970 9016, (570, 8526, 844, 5214,901, 1053, 1C4. 296

88, 059, 626

New cars

Sr] 6362, 02*5, 132

11,02711 9S911,0018, 193» > 0724,9101, 9262, 77x1, 178

71,473

Financingdollars

1 364 x. o1.644,1(93, 85s, 211('., 398, (',970 ( 08 27(57, 193.2305, 379, 1073 936 10!)1, 015, If 33, 370, 14''»2, 377, 9301, 373, <H 5

4S, 019, 902

Used cars and |trucks

;!o•)

111312,11,S,

7 j04,

92,

"of :

5""*675593 i41!) i101850 '09s397875 '46899 1232

500

Financingdollars

1 , 050, 0721.171,5712,118,7205,561,9975 8* '5 0535. 223, 7075, 067, 2754 034,7952, 655, 3892, 974, 3752.523,169J, 71.0, 601

40, 039, 724

Year and month

Total cars

Numberof cars 1

1930Januarv " l i 1February 5, "62March , JO, OHApril 17, XM)Mav - 19, "98June I f ) , 529July H, 3*9August 9,907September.--. 8,2x4Ortober s.OISNo \ \ m l x r _ . _ 6 779December-. .. f>, 7( 2

T r t a l ( > < i ) 1.x ] ~ 4

Financingdollars

2 Si 23 143,"', 2()7.8.49'9 59 i7 901,i , ( ' (*.4,911,

o 7Xti ,3 («r>2, 9}x;

62 S7U;

oq->

770or>209is76^'j17!902i> )(>2ilx"2

~>S>

New ears

j i-inaneing

Used cars andtrucks

Num-ber ofcars

Financingdollars

, "*r\ 920

<*<.)")()' 9

t ') <•' f '27, 0 4, ( 2<,120

•5H, ">91

< 1 <

, Mi

i in, ni1 5 i l , 3 ' f ) !2 7Vj, 132

I 4 22") 1(01 K9M.502

\ ' OX, 444~ ,* ' l , 3S->

i 1,9%, 8291,7-0,43-)1.2X5,092

1 X I 4, 672( O X , ',11

21* : -51,975

3, ^2 )3, X42»>, 1 209 Ml

1 1 0-50M', 50?S "r>6,2X1', It ii, 705

5,' 1 xx">, 446

80,310

1,73J, 5211,629,4602, 527, 9034 270, 187

! 4,012, 7073, 296, 043i, 775, 0012,917,644

1 2, 51<>,4679, "01,504

1 2, 220, V91 2, ^40 309

' 34, 317. (Ox

1 Compiled by the Dominion Bureau of Stat is t ics , Canada, and represents the financing of new and us< >" nutomor \\< ^ I T I 1 t nu \- *- ri ( in \d j

SALES OF THE GREAT ATLANTIC & PACIFIC TEA CO.1

Y E A H A N P MONTH

SALES(Thousands oi dollars) TONN VGE SALES

Y K A H AM') M

SALES(Tliousan-ls of d

N inn-Total ber of

'• TONNAGK SALES

Weeklyiivenme

1928SeptemberOctoberNovemberDecember

1939JanuarvFebruary - - -M arch\prilMav - .-JuneJulvAugustiJeptembciOctober _NovemberDecember

69 33093 42973 84474 911

91 98385, 84677 71277 32497,31976 65393 67175 19175 946

105,99583 71487 960

4 • 17 3315 ' 18 6X64 18 4614 18 728

5 18 3974 21.4624 19 4284 ' 19 3315 19,4614 > 19 1635 • IX 7344 18 798* ' 18 8115 21,1994 ! 20 9284 ! 21 815

309 451419 07933X1 704345 595

425, 590396, 225363 786359, 129451,680353 289427, 431335 628336 3')94f)8, 2/8381, 106407 339

77 36383, 816S-i 676bO 399

85, 11899. 05(590 94789. 78290, 33688, 32285, 48683 907f!3, 10295 277

101 835

Jan uar vFebruai v

\pnlMav . - .-June - -. --.. _JulyAugust . - - -SeptemberOctoberNovember - .. .December

1931J anua rvFebruarv _ _ ._ _ _Mai"h•Vpril

104,27186, 12283 97686 133

104,67182, 88296, 72478. 36377 023

100,96079. 82-)Si 347

97 55982.385 :

82 71985 160

5444 '

4

44

44

- •A '

4

20 85421, 53090 99421 53420, 93420, 72119 34519, 59 119 256 '20. 1921 9. 955

• > « » 337 ,

19 512 '2()! 596 '20 680 i21 290 !

491' -125400, 568391 987399 211488, 753392, 0994/51 644373, 566569 673481,703•100, 203416 673

508 490439^ 545435 292454 479

98 485100,14097 99799, 80397, 75198, 02592. 32993, 39292 4 IX96.341

100.051104 168

101 980109, 88G108, 823113 620

1 Compiled by the Atlantic & Pacific Tea Co., and represent the sales of identical stores for the periods shown.

INDEXES OF EMPLOYMENT AND PAY-ROLL TOTALS '[Monthh avcray<\ 1929= l O O j

T-SF"»"«'; w ™v-P"m- F a > - j Em- Pay- E m - ' i ' n > - | Em- P- t \p lo \ - roil h ) lo \ - roll p l o \ - | roll ! ploy-', rollinent totals! m ( > i - > t ' !(/<a],^ ment ' t o i a l s i ment lo-iLs

Em- Pa\ - ! Km- i l '< i ; \ - i Km- i Pa^- ' Fin- Pa \ -]) ! ( )>- tol l l - l o v - roll l p l o > - ' ioll ploy-1 roilment t o t a l s ment i o t a K ment totals meni totals

Em-p lo \ -

Canning'ami pre-

Km- Pa> -plo\ - 1 roilnu nt totals

1930January 102.1 105.SFebruarv i 10(5 9 121 5March 82. « 7 8 5

A p r i l 84. l ' 75.0Mav ._ 93.SJune 90 8

Ju lv ' 91 6\ugtis t ' 80 2September . _ „ . . _ _ 93.8

' ' " 1October _ 99.0November 97 'December 99 1

Average 93. 4

1931Januarv 90. 6Februarv 91. 0March 81.2April . . . . . . . ' 8 5 . 2

98 89 1. 3

84 07X 891. f.

117.298 0

100. 0

95. 3

89. 3100.770. 175.2

!102. 5| 101. t 95. 7! 92.7 79 (i 71.9 101 6 105. 1 99 r 99.7 97.1i()2 l! 10° 1 Il2 3 92 5 79 8 73 5 100 2 101 9 c's S ion i! d^ i9S. 6| Mi. 4 90.9 10. S, S3. 0 SO. (i J9. 4 105.8 99.7

9 1 .4 J M . 7 89 3 sX. 3! S7 t !*5 t 8 9 103 4 100 790.4' 77.5 S7 5 85 (v 90. Si 9 0 2 »9. 7 103.2 103488. 4 75 (i <"4 6 81 C,\ 90 ?>\ 90 9 )9 S 103 41 101 ('>

Ss 0 dS 9 SO 5 71 9 h9 9' S5 5 100 I. 106 6 105 9

102. l ' 94. 1

102 f.j 95 "KM. 5! 95 9

107.8! 94. v-

10f . 7 Uri 'A

89 9 71 1! 79 0 71 0 KM 3 >5 S JS S 109 5 106 1 i ( f ' '; <19 '*90. 5 74. 9 78. 1 6s. 9 S7 7 S2 ." JO. S 102. 2 105 2 K'O. 1 91 S

9 ! . * - 79.4 , 77.2 6S (, S4. 7i 79 I' >4. f, 100.9 KM S 105.6 91 0

92.5 77. 7[ 70.1 5 9 9 7 0 2 59.9 )1 .6 101.3 103.2 106.;: XH. s

93.4 SI. 3, N3.2 78. G X4, S1 79.3 97. S 10*2.9 103. C i<!4. 3 P3.4

j |93.9 73 3 68 3 55 0 64 4 ' 50 1 80 5 96 3 99 2 98 0 8t5 991.5 68.3! (55.3 54.6 66.6 51.4 H). 1 9 1 8 97. X> 99.7 86 6XS. 8 65 21 63 5 52 S 7() 0 58 ' SX f> 97 9 96 7 1()9 4 8(5 185.9 58. Ci 63.9 51.4' 76.1 62.6 88.1 95.0 97.1 97.6 86.x

1 i . t

97 S95 795. 4

97 196 097 0

"5 (5

90 5

88 987 788. h

93 ."

85 687 1SS 186.6

K,0 0 100 (i '.N 9 9f 79X " 9S 3 9 ' 4 9f 097 7 99 7 93 9 5-5 5

97 3 97 9 97 3 97 596 S °7 4 "6 7 97 3% " 9s (i (13 9 % S

ICO. 41 09 i

102 4

100 198 '!

98. 0

% 0 96 0 89 0 < > 1 7! i n i '-i9") 0 93 0 85 6 *7 (i91 ^ 93 (, 99 i 5 99 1

<) j o q-) i. d^ -)( q^ ]92 6 91 (' 98 1 9(> v

92.0 91 :'. 115 1 1"7. 7

90.0 95.9 95.9 8(i/<

! i

89 5 S7 " 90 0' 89 488. 2 8s 4 87. 1 86. 7S7 4 s() 1 87 S S7 ">87. 4 85. 2 90. 1 8b. 3

KM "i100 1

97 505 •>93.5

99.';

91 096.89(5 S95. 3

ICO. 3 46. 1' 03 8 4 5 7104. 4 19. 7

100 3 71 898 3 (55 798. 1 S3 0

ui) v

9tf 61°6 '»i wr: 7

97 li ' J6 6

i)- .-9 •> ('91.:

98.5

91 r93. 793 4

161 7

50. 3

50 S

-0 / •

6() 9SI 5

1 19 7179 0914 8

1 10 0S.'l 11

n.6| 5 7 4

103. 9

4x 948. 3w n

89. 3 59. 6

9(>,1

4(5 148 650 357.1

! (.'ornpiled by the C". N. Department of Labor, Bureau of Labor Statistics.- Not including car building and repairing, electric railroads; see vehicles group, manufac tu r ine indus t r ies , p. 14, et seq.Digitized for FRASER

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Page 24: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

22 SURVEY OF CURRENT BUSINESS

WEEKLY BUSINESS INDICATORS

[Juno, 1931

1931 1980 1931 1930 1929

"Composite index, Nr. Y. Times - 77.4 77 s 93.5 94 2 94 010s o 10--. 0109 1Composite i ndex , Business \S cek 78. 4 78. 7 95. 0 9s!. i 90. 9 107. 7 hK 4 10s. 1Detroit employment - . . 84. t) J i l l . 5 .. 137.3. ...Production:

Beehive coke. ... ... .. 9 0 10.2 23.3 24 .5 2 1 9 5>>. 7 54 7 51.0Bituminous coal. _ . 69.0 08.9 81.9 83.8 85.0 95.3 92 ') 95.1Buildings (new awards) ._ _ s{.i _ j 120.7- . - .120.8Petroleum- .. 117. 0 116. 5 11*. 5 123. 9 12\ 2 124. 0 129. 1 1LM. 9 120 0Steel ingots ">7 9 Od. 5 97 i 9x7100 .0125 .0120 .312^ .9

Receipts: \ iCattlt and calves 75.3 79.4 70.9, 71.2 71. * 71.2 7<>. 3 79.7Cotton. > ) s 35.1 39.0 37.7H o n s _ _ _ -. . .. . ..- O ' K O 70.1 70.0' 7 0 0Wheat . -. 7 4 . 1 77.5 59.3 :'S 5

Distribution1 \ jC ar loadings .. . ... . . _ 7 \ 0 7S. 0 97.2 96.9 97.2110.

Copper. elearoMle ... . ... 6.5.0 03.8 o4.5 9 2 8 92.0 89.9129.01290129,0Cotton, middling .. 34.2 U 9 36. S 00.3 oO. 7 01.0 71.7 72 4 72.1

\\ holevile prices -Continued.1< teller's index 11920^100) -

Total u~'u; ..Agricultural product si 30 <Nona ncul tura l prod-

uct- (90) . _ . -Iron and >teel co upo- i te_ _

DankrKg and tinai.v'o:Bank dob i i sou tb ideX. Y. C.Bond pru esBu>me^ 1-nlures (number; _Fedend reserve niio . .Interest rale", ca l l . . .. .Int tre-4 ratas, t ime.. ... _Lo ms and discounts... - .M mej in c i rcu la t ion .Net deinan 1 deports -Stock pricvs . ...Tii".e dep MIS

0 95 [> 95.9 95. 74 9s. 0 9s. 1 99. 2

WEEKLY BUSINESS STATISTICS

1931 1930

May 23 i May 10 , May 9 i| May 24 i May 17 j May 10 May 25

1929 1928

PRODUCTION AND DISTRIBUTION"

May IS ' May 11 May 26 i May 19

BrH'tninots coal production . ...Building contrict.s (ax a\ ; 37 o t i ' tElectrical current 0!jtpi tExpor t s

Corn\\hcat ."Wheat f 'oar , ..

Freight carsLo idmgs, to^il

Coil aiui COM* . ...I orest piooi c t ^ .(ir^m «nd grain pic duiUI i\ estockMerchandise. 1 c 1. . -Miseellmeous _Ore .

Net u\ nibble c rpli ^ (<\ i u ).Petrol^' in prcd i ' t t iun C e l l a\ > . .

Cat tb ami cah ts (12 maik*^)..Cotton i n f o sight -. ..--\\ heat pr 'mar v markets _\S ool, t >t il, ji( s t < n

t tee! ingot i i o d i ' t i o n .. p<

WHOLESALE P R I C E S

( ) hemical indexCopper ingots, electrolytic, New YoiCotton middling, New YorkFood index (Bradstr^et 's)Iron and steel composite\Vheat, No. 2, hard winter, Kansas

F I N A N C I A LBank debits:

New York CityOutside New York City

Bond sale, New York Exchange:United States GovernmentAverage price 40 corporation hop

Business failuresFederal reserve banks:

13 ills discountedTotal reserves , ...

Federal reserve member1 hanks:Total loans and discountsOther loansNet demand, deposit sTime deposits -

Foreign exchange, sterlingInterest rates on brokers' io:ms:

Time monev. New York ... . .Call monev, New York

Money in circulation (daily averag< >Stocks, New York Exchange:

Average price 50 stocksSales .-. _ t

Stock prices, average weekly closingIndustrials, rails, and utilities C4'jAll industrials (337)All railroads (33)All utilities (3-4)... ...

. .thous tons _=5 thous dolK .mil ki\ . hours

thou* of bushthous ofbiioh ._tho is of bbib..

cars .

_ - _ fars ... . ... car.3

. _ c us _

.( irs

..ho . < ,nn i.thous

thoi.s of 1 alnbthou*. t»nsh

.. thoi.s Ins

rel. to 1924..k dolls. Ib...

dolls Ibdolls Sbdo' is. ton

. ' i t y. .dolls. bii._

vi. 's of dolls..mi 'K of dolls..

_ r l ' o n s of dolls.dolK

mini 1 id

p i '^ ot doHsnul 's of dolis

.mills ot dolls..

.nulls of dolls..

.mil's of dolls.dolls..

_pei centnet cent

.milh oi dolls.,

dollshoiis of shares

4s).. re] to 1926_.-e l to 1926—rel to 1926rel. to 1926- _

. 0.7K3.._ 13, 01*

1 ( 14

5 ! 2842^ 1.202242 114

117.93733,8~i36, 19121 l)3s

224,240. . 302, 071

11,8."G08, 071

2, 137 2, 427

239 2V755 80

5 svi3. Mi 9, ')() '

100. 4 i 106. 4.087 ! .088

093 '•• 095o ] ( ) j •> 9 [

31 37 | 31 37.73 i .73

6.049 ! 5.51.44, 552 4, 054

4,272 2,71495 53 95 90

51 4 516

149 1453. 400 3. 389

14,905 14,9257 (;24 7 879

13, 757 13, 7777, 409 7. 398

486 4. 86

1.75 1.921 50 1 33

4, 671 4, 670

127 18 135 8612, 095 9 505

94. 9 102. 886. 7 94. 173 o 79 7

151.9 16&4i

6, 715 S, 27 ' 8, 10MT',370

1 TOO 1 6 7 3 1 ( > 9

25 33 180 '1, 1*>0 1,329 2,0^2

101 174 2fr5

747.419 931,472 928,7591 is, 152 119,131 143,84932,73f 51,2T) 52,78935, 560 3o. 759 37, 484 !

- ' 621 22 802 23 009220,3^3 240,270 248,135dOl, 4fO 304,272 307,327

10,517 5s, 897 fO, 10060 WO 411,503 4?\ 559

2, 109 2, 5s 0 2 t v)s

251 • ; 2 2 4 2 2 5 !

92 10 i 980, 15 / 4,715 3, 05s4,416 o,6S9 0, lou

46 74 ! 75

106.4 ' ; 109.9 109.9 !

.089 ; | . 128 . 127 i

. 100 I . 104 i 1652 21 : ! 9 79 -:) 80

31 40 j 33 56 33 81 l

.73 i j 1.00 i .98 I

6. 899 ' : 7, 998 1 8, 280 :5, 122 : 5,541 5, 486 ;

2,047 ! 1,372 ! 971 !

95. 60 i 95. 19 95 1763° ' 480 517 ^

150 : 210 ' '^10 i3,345 ' ! 3,248 ! 3, 248 '

14.922 I 16,806 ! 10,8007 886 ' 8 484 ' 8 500

13,608 : 13,389 ' 13,4077,422 ; 7,132 ; 7,100 ;4.86 ! ; 4. 86 i 4.80

2. 00 ' 3. 88 ! 3. 901 . 50 : 3. 00 : 3 00

4?695 : i 4,475 : 4.484

139 61 - i 224 97 : f^28 089, 930 12 997 >' 14. 157

103. 1 i 108. 6 i 174. 093.9 i 158.2 103.5S'? 7 ! 130 7 136 9

103.3 | 245.5 256.21 i

8, 285

1.010

991, 303150

932. S 461 19, v.( ~53,01737, 4922 1, 278249, 244307, 03950, 209410, 130

2, 5J5

22777

3, 04s1, 163

70

109. 9. 124. 1002 8533! 96.96

11,1906,209

2. 13995. 05525

2373, 242

16, 8528, 59313.3277,0794. SO

4. 003. 16

4, 508

222. 0525, 977

107. 1157. 0134.6243. 2

9,280 9,058 9 2C420, 359

1, OS7 1, 6sO 1, 077

105 i 309 1912,110 2.35s 1,53'181 19i 15,

1 , 06 >, 088 1 , 04 6t 594 1 , 0 1^ , 9f(173.037 10S, %J4 108,64169,099 fit), 52 i f), 3,139, f-W 3", 552 36, ss.L'5,4LO L',849 201, SO!

201>, 2o7 2°)?, 257 2 4, 2R(419 3,6 410,675 411,(.<>:7.1. 4 M 72,209 71,59

, 22d,f08 210,291 210, 1«2, OJO 2, T44 2, 62,

225 i 241 2:i87 9 8

4,1()>> 4, 07 J 4. Oo7,138 0,^54 2, 93(

95 96 (*.

111.3 111.3 111.! . 178 . 178 : .17! .195 .197 . 19

3. 32 ; 3. 33 3. 337. 13 ! 27. 13 37. 01.00 1-03 1.0

11,489 11,530 ; 11,296, 180 I 6, 115 ; 6, 13

2,640 1,295 1.9293. 93 ; 94. 33 j 94. 6

: 410 475 42,

904 : 915 ; 963,008 3,012 j 3,01

16, 187 16,301 ! 16,259,043 9.078 9,0112.810 13, 139 12,986.789 : 6,795 ; 6,774.85 4.85 j 4.8

: 9.25 , 9.00 8.8.6.50 9.00 12. 0(4,671 , 4,677 4,68

242. 63 248. 99 j 250. U21,362 19,639 j 20,33

i185. 2 : 190. 6 ! 191. (189. 1 190.0 196.*138.4 137.7 138.:211.5 216.0 214.

8, 374 8, 18225,548

1,480 , 1,470

101 i 2141,3M 1,2932' 6 128

) 1,021,403 ! 1,003,288} i72,8,30 ' 163,446) 6\ o09 68, 315

38, fir 38,364> 2f> HO 25,231) vo, 7(>4 1 261,449I \ 300, 3M 394,479

5s-,b-.l 52,004<> ; 4, 152 i 299,521> 2. ;51 2,339

2 242 249> 1UO 132

4,S2S 7,456) M. o<»2 10, 021•s ,9 52

3 i 110.6 110.63 . 114 ' . 143y .211 .217i 3. 35 3. 36

35. 53 35. 53i 1.53 1.51

3 i : 10,455 10,995J i; 5,919 ; 6,408

1 ! i 3.932 2,7981 i . : 98.36 •• 98.86? I ; 426 ' 442

> : 847 i 8072 |' 2,795 i 2,802

i ; 15,851 i 15,937') h 8,901 : 8,9163 13,644 i 13,840I 6,911 ; 0,898i 4. 88 ; 4. 88

s : 5. 50 ; 5. 253 • 6. 00 : 5. 63" i 4. 709 4, 717

5 ! 193.92 1 197.77J I 14,688 .' 21, 198

) ! 151.2 : 151.5^ ! 154.4 i 153.9i ! 131.3 ' 133. 1

i 153.8 i 155.0

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

Page 25: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS 23

onthly Business StatisticsThe following table contains a summary of the monthly figures designed to show the trend in important

industrial and commercial movements. These data represent continuations of the figures presented in. the 1931Annual Supplement to the Survey of Current Business, in which monthly figures for the past seven years maybe found; together with explanations as to the sources and basis for the figures quoted. The figures givenbelow should always be read in connection with these explanations. For later data, which have become avail-able since these data were compiled, see recent Weekly Supplements to the Survey.

CONTENTS

Page

General industrial indexes 23Wholesale prices 24Commodity groups:

Automobiles 26Chemicals and allied products 27Foodstuffs 29Forcrst products 38Leat her products 34Iron and steel _ _ > . 35Machinery 37Nonferrous metals 38Paper and its products 39Printing 40

Page

Commodity groups—Continued.Rubber and its products 40Stone, clay, and glass 41Textiles... 42Tobacco_ 44Miscellaneous 44

Fuels 45Distribution movement 46Foreign trade 48Employment and wages 48Construction 50Public utilities-_- 51Finance 53

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

1931

April March Febru- ! January Decem- Novera- >ber her

1930„ . _ __ . ^ „ _1 August \ July | June May j April

INDUSTRIAL PRODUCTION

Federal Reserve Board

Total adjusted'Manufacture-^ , lot il un idjustedManufactures, total adjusted. _

Automobile _ .( 'emeu1

Food product,- -Iron and steel

^ onfcrrou^ met ilsPaper and pr in t ingPetroleum refiningPolished phi to sil.'ivsRubf ier t 'resTe\tii"sTobacco m muf tCtures

Minerals, to ta l unadjustedMinerals, tot d adjusted

A n t h r a c i t e - _ . . -Bi tuminous co.il _ _i 'op per( 'rude petroleum.Iron-ore1 shipmentsLe idSi lver/inc

Rate of Electrical Energy

A c t i v i t y b\ gtographie sections1 ' nit ed Stai.esNew EnglandXorth CentralM i d d l e V t l a n t i cSouthern\\ est^rr

el to"el. toel. toel. toel. toel. toel. toel toel toel toel. toel toel toel toel. toel. toel. toel. toel. toel. toel. toel toel toel. toel to

Cons

el toel. toel. toel toel. to

re! toA c t i v i t y by industries:

V I I indus t ry . rel. toAutomobiles, includinn

repair parts rel. toFood and kindred products rel. toLeather and its products.-.rel. toLumber and i ts products, .rel. toMetals group i'pl to

M e t a l working plants,.Roiling mills and

steel plantsPaper and pulp - -H ubber and its products...ShipbuildingStone, elax and glassTextiles

rel. to

rel. torel. torel. torel. torel. torel. to

I '.»23 -251923-25..1923 25 .1 923-2,1 __1*123-2:. .1923 25 .1923-2.)..19°3 °51923-251923-25 •1923 25 .1 9°3-25 !19' '3 °5 !1 923-25 >1923-25 .1923-251923-25 .1923-2' ,1923-25..1023-2.-)..1923-25 .1923-251923-251923-25 .1923-25

umed

1923-251923-25..1923-25..1923-251923-25,.1923-25

1923 25..

1923-25 .192,V25,_1923 25_.1923-25 .1923 251923 25..

1923-25..i 923-25 .1 923-251923-25.11)23-25 _1923-25.

8991 '897090907598

97 ;134829186

70119

7154(il •

105 7107 G105 0 ,97 6

10>S (i114.0

105.7

90.8 •>122.0S3. 991.5 •99. 59k G :

108. 1112. G ;109.092. 5

110.595.3 ;

889188G7

2 8L87 .

2 782 92

771111521199897

13182

2 87727070

2112

79 ,G3G5

108.2105.8105. 7 '102.8 :117.5 :115. 7

108.2

94.1 :

llll 8 i71. 2 '93.2 :

112.2 !103. 5 !

119.4 '123.0 j109. G '98.3 !

105. 1 !

97.3 !

80 •898008 •80 :

927387 :

791111491119193

1328488 ••897370

no82G2 ;05 i

1 10, 3105. 510J. 010*. (j130.0120. 0

1 10. 3

88. 9112. 9

70. 1M. 2

114.0112.3

1 1(5. 5127.0122.0Hi. 8102. G '99. 3

82818103 '81

f i t

78107144

908S80

1218G9093

110

X3OS05

97. 090.2

100. 290. G

105.8111.0

97. f\

lls! 3 i71.0 ;82. 097. 195. 0

103. 1111.8100. 5113.9

5 i - ? i

827G80

8.'»N9598LS5

1011190573<s7

12.-.899i93S5

111

927108

99. 1»0. 399.097. 5

116.499. 9

99. 1

71. 5107. 108. 773.3

J 02. 397. 8

110.2117.08 1. 399. 0

K;O. G89. s

119.0101.3125. 8 '112. 3122.3130. 5

119.0

105.8138. 206. 3

102.4 •123. 2116.3

135. 1132.2135. 3113.2121. 290. 0

108107110107102108971131031061211741311239613693104719790128

1118894

120. 3105. 9125. 7117.2117.3127 0

112. 9119.491.2

102. 8130. 2125. 5

138. 5126. 713S. 5130. 1129. 9102. 3

3 Revised.

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

Page 26: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

24 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1031

Earlier data for items shown here may jbe found in the 1931 Annual Supple- \ment to the Survey

STOCKS AND OHDERS

New order^ t o t a l rel to 1923-25 !

Stocks, t o i - i l rel to 1923-25 ':Vnl i l led orders total rel to 19'-'3-25 i

GENERAL PRICE INDEXES ;

Depinmer i of I iboi f - i d e \ ( >

I < > < , < ! ( 1 ' i , _ . ._ _ . re l to nu,.

l n < M s i i h > l gi 'u ip i ommodu.es—P u i M i n u m 4 omls <~>~) _ _ i e l lo 19 0.

1 i 'ol aid ! Lht ni, ( j i / ' "u! to V<\ '

it i to V<J>J l c ' i - e l u in i s lung goo<is ( 17 *

H-l tO 19:0-rex t ' l e pr >dm t ( T 5 ) . 10! to 1"J«>-M ' (ellaneou - » ( _ " > ) .ie' to 19jo_All e^*vt f < ' i m and food p t o h i U s

J L i W i atei i ls(108j . . . . . . lei 10 1 M _ 6 _ _s-eimn..nbkic.iiied ai tides ( O J )

lei lo 1 (*'6Bi,,ds(reer i I ndex . _ _. ... . .iel to J9JODun's i n t ' f \ lei to 19JO,

WHOLESALE PRICES

Vcetate of lime dolls, per cwt '•Barley, No. 2. Minneapolis-. .dolls, per bush..Barley, No. 2, Minneapolis rel. to 1926..'Brass' sheers, mill . dolls, per Ib..1

Brass sheets n i j i l rel. to 1926Brick, common, red, New York j

dolls per thousBrick, common, red, New York. . rel. to 1926. :Bu t t e r , common, New York dolls, per 11)..Butter, New York .. _.rel . to 1926..Cement, 'Portland ('composite) ..dolls, perlh. . :Cement. Port land (composite) rel. to 3926..;Cheese, American whole milk, New York '

dolls, per Ib iChemicals rel to l<) '- )7CotYee, Rio, No. 7, Brazil grades, dolls, per lb ._Copper ingots, electrolytic dolls, per l b . _Copper ingots, elect rolvtic .rel. to 1926..!Coal: * i

A n t h r a c i t e — ;Re ta i l , composite-dolls, per short ton. J"Wholesale, composite j

dolls, per short ton..!Wholesale, composite rel. to 1926. .

Bi tuminous —Mine average (spot)

dolls, per short tonPrepared sizes (composite.) :

dolls, per net tonPrepared sizes (composite)rel. to 1926..R e t a i l , composite. dolls, per short ton._Wliolesale, composite

dolls, per short tonWholesale, composite rel. to 1926..

Coke, furnace , Connellsvilledoll^ per short ton

Coke, furnace, Connellsville rel. to 1926.-Cocoa, spot. Accra, New York, .dolls, perlb. .Corn:

No. 3. yellow, Chicago dolls, per bush--No. 3, yellow, Chicago rel. to 1926. .No. 3, Kansa^ Citv dolls per bushNo. 3. White, Chicago dolls, per bush..;

Co t ton :To producer . . . . . . dolls, per Ib .In New York, middling dolls, per lb._

Cottonseed oil, refined, yellow,prime, New York ' dolls, per Ib

Cotton goods:Print cloth 64 x 60 dolls per vdPrint cloth, 64 x 60 rel. to 1926Sheeting, brown dolls per vdSheet inu brown rel to 1926Cotton goods (Fairchild) rel to 1911-1913

Cotton yarns:22/1 cones, Boston dolls, per lb , .22/1 cones. Boston rel to 192640' 15 southern spinnine dolls, per l b_ .

Drugs and Pharmaceuticalsrel to \utr , 191 1

Drugs, crude rel. to Auir , 1914Essential oils rel. to Aug., 1 9 1 4 _ _ ;Flaxseed.No. 1, Minneapolis-.dolls. per bush...Flour, see under wheat Hour.Food, wholesale, see under individual items.Food, retail (Dept. of Labor).. . .rel. to 1913 .Hides:

(ireen salted, packers'heavy native steers dolls, per lb ._

Green-salted packers'heavy native steers rel. to 1926..:

Calfskins, country. No. 1 dolls, perlb..Calfskins, country, No. 1 rel. to 1926.. •2 Revised.

Apri l '

145.3

73 i

77 1

SO 9

X(i I

in ( >

87 3

( 'U v 'f » 7 6

o9 0

2. 00.48

75. 0. 17290. 4

10 °562. 3. 26

57. 81 . 42281.6

.1590

. 053. 093968. 0

14.39

12. 20288. 6

1. 64

3. 84580. 28.85

3. 76087. 2

9 ,'•()00. 9

. 0535

. 5877. 3

. 5.X

. 093

.102

. 076

05369. 6. 05963 '">

.23164. 5. 369

1 6013182

1.57

124.0

. 092

65. 5. 13577.9

19,31

March ; ™,™-

53. 8 ; 46. 6151.3 153.7

60. x , r,0. 2

7< 7 77 178 1 7 < > >>

81 ( > M X

d t 5 f > 9 tj

87 t M> 6

M» 8 90 86(> 2 70 16 1 7 ( j 9

75 6 77. 1f > ( » V 70 6

7 > •> 7 > -;71 .480 9

2.00.44

68. 7. 1 7491.4

1 0. 0060. 8

64^41. 47784. 1

. 1690

. 056. 098571.4

14.85

* 12.60891.6

1.69

3. 99983.48. 85

2 3. 7912 87. 9

2. 5060. 9

. 0550

.6080. 0

54. 60

. 096

. 109

. 07 (i

73. 3. 05963. 3

121

.24066. 8. 382

1 174'• 130

811. 58

126. 4

. 090

• 64. 1' .128

73. 4

71.081 4

2. 00. 44

68. 7. 17189. 7

10. 0060. 8

. 2862. 2

1.54387. 9

.1689

. 064. 0972

70. 4

14. 85

12. 73292 5

1.77

4. 22388. 18.83

3.81488.4

2. 536 ! . 5

. 0563

.6181.3

54. 63

. 091

.110

05369.6. 06569. 8

119

. 23966. 7. 390

17513180

1. 56

127. 0

I . 073

' 52. 1i .117

C7. 4

January

;s 91 "it *>61 s

77.080. 180. 5

82. 983. 669. 8

91.171 .064. 7

77. 872. 9

72.082. 7

2. 00. 44

68. 7. 17390. 7

10. CO6' ' 8

. 2964. 4

1.57888. 5

. 1790

. 068. 098471.3

14.88

12. 73292. 5

1.77

4.27089. 18.87

3. 82988.8

: 2. 55! 62. 1; . 0619

1 .65i 86. 7

. 591 .68

! . 086. 102

' . 073

: 68. 8. 0(5267. 0

; 120. 24869. 1

: . 390

: 1751 3381

; 1.57

i 132.S

: .0951 67.71 . 125

71.8

Decem-ber

4x „ I

< > ' 8

81.881. 9

8k 4Si. S70.5

9 1 . 2

91.372. 466. 9

79. 074. 2 •

74 373. 08k 7

i 2. 00.47 •

• 73.4 !. 1 7 8 |93. 6 !

9. 50 !o7;>7 1

7137

L580 '90. 6

; ,s

' 93. 070

. 1030, 74.6

14.89

j i 12.751i 92.6

1.77

i 4. 31790. 0

|. 8.94

i . 3.89890. 4

j 2.55i 62. 1! . 0675

' .69! 92.0

i •!!?

i ' i .087[• .101

, .072

l i .053! ; 70.4j i .065

69.9

.247'••'• 68.8

.390

: 17513785

1. 61

|i 137.2

.107

\: 75.9! • .144• ' • ; 83.0

Novem-ber

I h l x 'X 7

80. 485. 7S3. 7

85. 6

7l'. 8

94.0

73. 367.8

80. 176. 8

75. 676. 186. 4

2. 00.48

75. 0. 17692. 7

9. 5057. 7. 36

80. 01.58891. 1

.1994

. 079.101173.3

14.90

12.75192. 6

1. 78

4. 33690. 58. 94

3. 90090. 4

2. 5862. 7

. 0088

.7194.7

. 69

. 76

. 096

. 110

. 076

. 05775. 5. 06670. 9

124

. 25471.0. 405

17533787

1.65

141.4

.118

; 84. 2. 156

; 89. 7

October

56 6157.258. 6

82. 68os 68") 6

85. b86 075. 1

96. 5

95 373. 8<5*. 8

M . 5

75. 577. 8^7. 6

2. 42.52

81.2. 16988. 9

9. 5057. 7.40

88.91.60091. 7

. 1994

. 089. 096069. 6

14. S7

12.762| 92. 7

I 1.81

i 4. 342i 90. 6

8.88

1 3. 89390. 2

•' 2. 60! 63. 3; . 0675

i .82j 109. 3i . 82; .88' . 092! .107

1 .076

.05572. 9

! . 066! 71.3\ 124

.235: 65. 5

.413

; 176: 137

90; 1.80

! 144.4

\ .133

! 94. 8! . 1 72; 99. 2

iSeptem-1 >er

59. 7144. 063. 0

8k i:89 2Mi. 8

Mi. iM;. o76. 3

99. 1

95. 4

69. 7

x2. 882. 1

76. 579. 7

i 3. 00

82. S. 176

! 92. 5

| 9. 50

! .40I 88.9

1. 600I 91. 7

. 2094

' .072: .1031

; 74. 7

14. 80

i 12. 707! 92.3

'\ 1. 75

! 4. 303: 89.8: 8. 79

• 3. 897: 90. 3

: 2.60! 63.3i . 0670

.94: 125. 3! .89

.97

, . 099i .109

.081

: . 053: 70.4I . 070i 75.1; 124

' .242i 67.4! .420

i 176i 139; 91

1. 90

145.6

i . 146

103.8[- . 165

95. 2

1930

August

63. 81 32. 365. 3

8k 087. 186 4

87.48".. .i75. 4

98. 9

7 L 2

83. 381.8

7\ 180. 790. 6

I 3. 00: 5-)1 8L2

. 179i 94. 0

J 9.50^ 57.7i .39

86. 7i 1.600| 91. 7

i . 19 '•94 ,

i .072 .. 1069

14.57 :

i1 12.578 :

91.4

1.68

1 4. 180! 87. 2 'I 8.70

3. 892j 90. 2

! 62.1! . 0775

i . 99i 131.2

92! .99

! .1141 . 121

. 084

. 050! 66.6! .070! 74. 9

126

! .252i 70.3| .435

\ 176! 143

971 2. 00

I 143.7i

. 136

! 96. 7i . 161

93. 0

July

CO. 0125.4 :

S4. 086.38G. 7

88. 9 \,V7. 875.4

100.7

96. 280. 071.7

84.381.1 !

80. 9 ;

89. 8

3. 1 1 :. 4 7 ,

73.4. 182 !

10. oo :60. 8 ;

.35 ;77.8 ;

1.000 ;91. 7 ;

.1.8 '95

.076.110279.9

14.53

12.36689.8 :

1.71

4. 15686. 78.65 ,

3. 89190.2 ;

61.4.0869 :

.82109.2

.80

.84

. 119

. 132 .

. 080

.0547 5 . 8. 07075. 3

130

. 26273. 1. 4 4 7

176 :147107 ;

2. 32

144 .0

100. 1 i. 165 :95 2 :

June |

59.4124. 9

75. 9 i

86.8 '90. 5 ;88.9 '

90.088. 976.4 :

102.4

82". 274. 5

85.784.8

82. 081.791.0

4. 29. 49

76. C. 192

100.9

10. 0060.8.33

73. 31 . 60091. 7

.1896

. 093. 120587.3

14. 32

12. 25189. 0

1.67

4. 09685. 48. 54

3. 89290. 2

2. 5060. 9

. 0825

.79105.3

.80

.81

. 140

.145

. 083

. 05674.7.07580. 3

134

76*2. 461

176154111

2.71

147.9

. 1 52

108.3.175

1 00. 9

65. 3130. X

78. l

92. 091. 0

]02. 6

84. 6

87. 8,

83. OS3. 493. 4

4. 50. 55

. 198103.9

10. 5063. 8

. 3577.8

1.617

. 092.127692. 5

14, 33

12. 44190.4

1. 67

4. 08585. 28. 53

3. 90290. 4

' 2. 5361.5

. 0850

. 79105.3

. 78

. 80

. 145

; . 088

. 06)180. 2. 078S3. 9

137

. 290SO. 9.473

176161113

2. 68

150. 1

. 1 4 3

1 02. 0i .169; * » 7 _ 3

.2197

. 099

109.3.80.84

176166115

2.92

99. 8. 15991.4

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

Page 27: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June , 1031 | SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

25

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

WHOLESALE PRICES— Continued

Hosiery rel to 1926Iron and steel, metals and

metal products rel to 1926Iron, raw:

Basic (valley furnace) .dolls, per long tonBasic (valley furnace) rel. to~192f__Composite pig iron dolls, per long tor _ .Foundry No. 2,

northern dolls, per long toi ...Foundry No. 2, northern rel. to 192f _ .

Lard, prime contract, NewYork dolls per Ib

Lead, pig, desilverized, NewYork dolls per Ib

Lead, pig, desilverized, NewYork rel. to 1926..

Leather, composite, wholesaleprice _ _ rel. to 1926

Leather, sole and belting, oak,and scoured backs dolls, per Ib—

Leather, sole and belting, oak,and scoured backs. rel. to 1926

Leather, upper, composite,chrome, calf black," B "grade-dolls, per sq.ft. _

Leather, hides (see under hides).Leather, shoes (see under shoes) .Linseed oil, New York dolls, per IbLumber:

Composite, wholesale price. -.rel. to 1926—Southern yellow

pine . . .-dolls, per M ft. b. inSouthern yellow pine rel. to 1926—Douglas fir, No. 1,

common .dolls, per M ft. b. m _ _Douglas fir, flooring, 1 x 4, "B"

and better (V. G. Washing-ton)-. dolls, per M ft. b. m _ _

Meats:Beef, fresh, carcass, good

native steers, Chicago dolls, per Ib—Beef, fresh, carcass, good

native steers, Chicago rel. to 1926—Beef, fresh, carcass, steers,

New York dolls, per Ib—Beef, fresh, carcass, steers,

New York rel. to 1926 -Cattle, corn-fed, Chicago.dolls. per 1001bs_.Cattle, corn-fed Chicago _ rel. to 1926Hogs, heavy, Chicago-dolls, per 100 Ibs—Hogs, heavy, Chicago rel. to 1926—Sheep, ewes, Chicago dolls, per cwtSheep, ewes, Chicago rel. to 1926—Sheep, lambs, Chicago dolls, per lb_ .Sheep lambs Chicago rel to 1926Pork, hams, smoked, Chicago

dolls, per Ib—Pork, hams, smoked, Chicago

rel. to 1926. .Western dressed steers, New York

_ dolls, per IbMethanol:

Refined ._. _ dolls, per galMilk, condensed, New York. -dolls, per case—Milk, evaporated --dolls, per caseNonferrous metals rel. to 1926Oats:

No. 3, white, Chicago dolls, per bush..No. 3, white, Chicago . rel. to 1926

Oils and fats rel. to 1927Oleomargarine, standard, uncolored,

Chicago dolls, per Ib—Oleomargarine, standard, uncolored,

Chicago rel. to 1926Paper, newsprint roll, delivered,

New York . dolls, per 100 Ibs !

1931

April March

50. 8

88 7

16.5089.0

1 6. 75

18.7691.0

.090

.0441

88.4

.37

84.4

.356

. 092

73.3

12.12

29. 74

.160

97.1

.172

100.88. 563

89. 97.0857. 43. 2950. 08.7664. 0

. 184

59. 7

.172

3! 5065. 1

.3073 2

.145

63. 5

Paper, newsprint roll, delivered,New York rel. to 1926

Petroleum:Crude, Kansas-Oklahoma.dolls. per bbl..|("rude, Kansas-Oklahoma rel. to 1926- .Gas and fuel oils, Oklahoma 24-26,

refineries.. dolls per bbl .Gasoline, New York . dolls, per gal 'Kerosene, 150° water white-dolls, per gal—Lubricating oil, cylinder dolls, per gal— :

Pig iron, foundry No. 2,Pittsburgh _ dolls, per long ton '•

Pig iron, foundry No. 2, Pittsburghrel. to 1926-

P ota toes dolls, per bush l

Potatoes rel to 1996Rayon, 150 denier "A" grade, i

Now York dolls, per lb_.Rosin, gum "B," New York— dols. per bbl— iRubber, crude, smoked sheets, i

New York dolls, per Ib—Rubber, crude, smoked sheets,

New York rel. to 1926—Rye, No. 2, Minneapolis dolls, per bush—Rye, No. 2, Minneapolis rel. to 1926—Sheeps, ewes, Chicago dolls, per 100 Ibs.JSheep, ewes, Chicago.. rel. to 1926—Sheep, lambs, Chicago.. dolls, per lOOlbs.J

. 53028.1

.488

.133

.048

.145

18. 76

91. 0.908

49

754.73

.064

13.2.35

38.03. 2950. 08.76

51.9

89 0

' 16.5089.0

16.72

18. 2688. 6

.094

. 0453

53. 8

88.4

.37

84.4

.352

.095

74.2

29.6665.8

12.68

31.14

.169

102.8

.180

105.49.07595.27. 1858.23.7957. 58.2760.4

.187

60. 7

.180

.405. 653.5067.1

.3175 6

71

.145

63. 5

3.10

89 9

. 59431. 5

.510

.133

.051

.145

18.26

88.6.849

46

.754.64

.077

15.9.36

39.13.7957. 58.27

Febru-ary

51.9

88.9

16.7590. 3

16.82

18.5189.8

. 085

. 0455

54.0

89.0

.37

83.3

.354

.092

73.2

28.4263.0

12.86

31.65

.178

108.1

.196

115.09. 10695.66.7354.53.6955. 98.3160 7

. 195

63. 5

.196

.405.793.5066. 1

.3278 0

68

. 155

67. 9

3.10

89.9

.85045. 1

. 588

.138

.053

. 146

18. 51

89.8.867

47

.754.38

.076

15.7.37

40.23. 6955. 98.31

January

51.9

89. 3

1 7. 0091. 7

16.94

18.7691.0

.090

. 0480

57.0

90. 8

.38

86.7

.359

.088

76.0

30.7368.1

12.82

31.33

.195

118.8

.205

120.110.00105. 07.3459. 53.4452.17.9858 3

. 207

67.1

. 205

.406. 033.7567.4

.3278.0

71

.1771

77.6 !

3.10

89.9

. 85045.1 I

.600

.135

.054

.165

18. 76

91.0. 903

49

.754.45

.082

16.9.38 I

41.33.4452.17.98

Oocom-bor

58. 3

90. 0

1 7. 0091.7

17.01

18.7691.0

. 100

.0510

60. 6

91. 5

.40

91. 3

.355

.092

78.1

32. 5172.1

12.99

31.73

.195

118.8

.205

120.110.58111.07.9464.32. 9344.47.4054 0

.213

69. 2

.205

.406. 033.8069.7

.3482.9

73

.100

83. 3

3.10

89. 9 (

.85045.1

.610

.141

.054

.172

18. 76 i

91.0.898

48

.954.95 i

.089

18.4.44

47.82.9344.47.40

Novem-ber

58. 3

90. 2

17.0091. 7

17.14

18. 7691.0

. 112

.0510

60. 6

93. 3

.41

93. 5

.367

.094

80.1

33.4474.1

13.25

33.40

.195

118.8

.205

120. 110.31108.28.8671.83.3851.27. 13

.222

72.1

. 205

.406.033. 8068.4

.3380^5

.205

89.8

3. 25

94.2

. 85045.1

. 650

.141

.053

.184

18. 76

91.0. 950

51

.955.29

.089

18.4.43

46.73.3851.27. 13

October

60. 5

90. \

1 7. 0091.7

17.30

18.8991.6

.119

.0515

61. 2

96.7

.41

93. 5

.372

.099

80.2

34.0175.4

12.98

33.77

.195

118.8

.205

120. 19.97

104.69. 8679.93.8443. 17. 03

.221

7.1.7

.205

.406. 033. 8067.8

.3687.8

74

. 205

89.8

3.25

94. 2

1. 09858. 3

. 594

.143

.054

. 186

18. 89

91.61.017

55

.955.54

.084

17.3.49

53.33.8443.17.03

1930

Septem-ber

62. 6

91.8

1 7. 6094. 9

17.79

19. 5694.9

.119

. 0550

65. 3

98.2

.44

100.4

.372

.105

80.8

33.4874.2

13.14

34.58

.191

116.1

.203

118.610. 33108.410.5885.83.0846.67. 35

.227

73.8

. 203

.406. 033. 8071.2

.3892.7

78

.205

89.8

3.25

94.2

1.17862.5

. 580

.148

. 053

.190

19. 56

94.91. 099

59

.955.80

.080

16.5.55

59.83.0846.67.35

August

64.8

92.7

18.0097.0

17. 99

19.7695. 8

.114

. 0549

65. 2

99.9

.46

104.9

.371

.131

81.1

31.7270.3

13.44

35.65

.168

102.4

.173

101.19.1495.99.7879.23.0946. 97.72

.229

74.4

.173

.406. 033.80

.3995.1

87

. 205

89.8

3.25

94.2

1.17862.5

. 600

.163

.050

.193

19. 76

95. 81.088

59

.955. 39

.100

20. 6.60

65. 23.0946.97. 72

July

69. 1

94. 3

18. 1097. 6

18.22

19.8696. 3

. 100

. 0525

62. 4

100.1

.46

104.9

.371

.140

83.3

33.8975.1

14.47

36.57

.174

105.7

.177

103.79.2897.48.94

46. 58. 13

.230

74.7

.177

.406. 033.7473.5

.3585.4

88

.205

89. 8

3.25

94.2

1.17862. 5

. 625

.163

.052

.210

19.86

96. 31. 294

70

.955. 90

111

22.9.55

59. 93.0646. 58.13

Juno

69. 1

95. 4

1 8. 5099. 7

18,55

20. 2698. 3

. 102

. 054 1

64. 3

102. 9

.44

100.4

.371

.140

85.3

33.0673.3

14. 30

36. 94

.195

118.8

.218

127.410.73112.69. 6878.43.4552.39. 7371.0

. 233

75. 6

.218

.406. 133. 6978.1

.3892. 7 i

89 i

.228 i

99.7 '

3.25 :

94.2 !

1.17862. 5

. 675

. 163

.055 I

.284

20.26

98.31. 486

80

1.156.50

. 124

25.6.57

62.03.4552.39.73 1

May

73. 1

96. 8

18.5099. 7

18.66

20. 2698. 3

. 107

. 0552

65. 6

104. 2

.46

104.9

.371

. 140

89. 7

36. 5381.0

15. 16

38. 19

.215

130.9

.220

128.911.56121.310.0281.24.787?. 59. 0466. 0

.228

73. 9

.220

.406. 133. 9580. 6

.41100. 0

92

. 235

103. 0

94. 2

1.17862. 5

.744

. 163

. 060

. 340

20. 20

98. 31.502

81

1.156.34

.142

29. 3.65

70. 74.7872. 59. 04

A p r i l

73. 1

98. 8

18. 5099. 7

18.75

20. 2698. 3

. 107

. 0554

65. 8

105.3

.47

107.2

.372

.143

91.8

36. 3980.7

16. 26

38. 87

.239

145.4

.220

128.912.56131.89. 9880. 95. 1 377.78.9465. 2

.229

7L 4

. 220

.406. 133. 9590. 5

. 43104. 9

94

. 235

103. 0

3. 25

94. 2

1. 16361.7

.788

.151

. 063

. 343

20. 26

98. 31.461

79

1. 156.78

. 150

30. 9.68

73.95. 1377.78.94

60200—31 4Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 28: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

26 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 103J

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

WHOLESALE PRICES-Continued

Sheep, lambs, Chicago rel. to 1926. _Shoes, men's black calf blucher,

Boston dolls, per pair--Shoes, men's black calf blucher,

Boston rel. to 1926 -.Shoes, men's dress welt, tan calf,

oxford, St. Louis .dolls, per pair,.Shoes, men's dress welt, tan calf,

oxford St Louis rel to 1926Shoes, women's black kid, dressed

ozford welt lace dolls per pairSilk, raw, Japanese, 13-15,

New York dolls, per IbSilk, raw, Japanese, 13-15,

New York rel. to 1926Silk goods, composite . ._ _ dolls, ner ydSteel beams, mill, Pittsburgh. .dolls, percwt..Steel beams, mill, Pittsburgh rel to. 1926. _Steel, crude:

Composite, finished steeldolls per 100 Ibs

Iron and steel, compositedolls, per long ton..

Steel billets, Bessemer-dolls, per long ton--Steel billets, Bessemer rel. to 1926. _Structural steel beams._dolls. per 100 lbs_.Structural steel beams rel. to 1926-.

Sulphuric acid dolls, per 100 IbsSugar:

Retail average, 51 cities rel. to 1913..Retail granulated, New York. dolls, per l b _ _Wholesale, 96° centrif.,

New York _ _ dolls, per IbWholesale, 96° centrif.,

New York rel to 1926Wholesale, granulated,

New York dolls, per IbWholesale, granulated,

New York rel. to 1926Tea, Formosa fine, New York.. .dolls, per lb._Textiles general rel. to 1926Tin, wholesale, straits,

New York dolls, per lb ._Turpentine, gum, southern,

New York -.dolls, per gal_.Wheat:

No. 1, northern spring,Minneapolis dolls, per bush

No. 1, northern spring,Minneapolis rel. to 1926

No. 2, red winter,St Louis dolls, per bush

No. 2, red winter, St. Louis... rel. to 1926- .No. 2, hard winter,

Kansas City dells, per bush..No. 2, hard winter,

Kansas City . rel. to 1926- .Wheat flour:

Standard patents,Minneapolis ., .dolls, per bbL.

Standard patents,Minneapolis rel to 1926

Winter straights,Kansas City dolls per bbl

Winter straights,Kansas City rel. to 1926

Wool:Raw, territory, fine, scoured. dolls, per l b _ .Raw, Ohio and Pennsylvania, fleeces,

H blood, combing grease. -dolls, per l b _ .Suiting, 13 oz _ dolls, per ycL.Suiting 13 oz rel to 1926Women's dress goods, French

serge, 39-in . _ .dolls, per vd._Women's dress goods, French

serge 39-in rel. to 1926Worsted yarns dolls, perlb..VVorsted yarns re) to 1926

Zinc , prime western dolls per Ib

RETAIL PRICES

Retail food index (Dept. of Labor) .rel. to 1913..Retail coal index (Dept. of Labor). rel. to 1913. .

FARM PRICESCotton and cottonseed (2) rel. to 1909-14..Dairy and poultry products (4) .rel, to 1909-14..Fruits and vegetables (9) . _ rel. to 1909-14( 5 rains (6) _ __rel. to 1909-H..Meat animals (5) rel. to 1909-14Unclassified (5) . _ rel. to 1909-14\11 groups (31) rel to 1909-14

AUTOMOBILESProduction index (Fed. Res. Bd.)

rel. to 1923-25_.Production index (elect, energy con-

sumed) rel to 1923-25Accessories and parts, shipments:

Accessories _ _ rel. to Jan., 1925 .Original equipment rel. to Jan., 1925..Replacement parts rel. to Jan., 1925..Service parts., , --------rel. to Jan., 1925-.

1931

April

50.0

6.75

105. 5

4.60

95. 0

2 266

36. 6

1. 6584.3

2.22

31. 6130. 0085.71.6584. 3

. 75

104.050

.033

75.6

. 044

80. 1.22567.6

. 2512

.56

. 79

50. 0

.SO51.0

.73

49.0

4.71

55 9

4 02

55. 4

. 65

1.60179 8

1.0069. 7

j . 0372

! 124.0181.8

78

12074

i J 0663

j 91

: 76j 90.8

! 66127127118

March

60.4

6.75

105.5

4. 60

95.0

2. 561

41.3.99

1. 6584.3

2.23

31. 6630. 0085.71. 6584.3. 75

i 106. 051

. 033

I 75.8

.043

79.2. 22569. 2

. 2707

: .53

. 76

48. 1

• . 781 50.3

.701 47.0

: 4. 67

55. 4

; 4. oo55. 2

.66

1.54377.0

1.0069. 7

. 0400

1 26. 4187. 7

8099

10974

1066591

67

94. 1

65117110

: 115

Febru-ary

60.7

6.75

1C 5. 5

4. 60

95.0

2 709

43. 71.001 . 6584.3

2.22

31.65, 30. 00

85. 71. 65

1 84. 3. 75

107i .053

.033

76. 3

.045

! 81.41 . 225! 70.41

.2631

: .45

< 47. 5

. 7951.0

. 69

46. 3

; 4. 85

! 57. 6

! 4. 06

I 56. 0

. 66

.23! 1. 601i 79. 8

1.1076. 6

1 . 0401

; 127.0; 187. 6

7695

; 109

i 106i 67; 90

68

88.9

! 53! 95

1*9! 97

January

58.3

6. 75

105.5

4. 60

95.0

3. 66

2 807

45.31.021. 6383.0

2.22

31. 7030.0085. 71.6383. 0

. 75

107. 053

. 034

77.9

.046

83. 4. 22571.0

.2610

.44

. 76

48. 1

. 7850. 3

.69

46. 3

4. 96

5S. 9

4. 09

56. 3

.68

. 261.60179. 8

.90

87 01.1076.6

. 0401

132.8188. 1

10810S

1126994

63

67.5

46840892

1930

Decem-ber

54. 0

6.75

105. 5

4.72

97.3

4 25

2 709

43.71.021.6081.7

2. 19

31.7630. 60

i 87. 41.6081.7

107.053

.033

75. 8

.046

83.2i . 225i 72.4

. 2527

. 42

48. 7

.83i 53. 5

i .71j 47. 7

4.89

i 58.0

; 4. 03

55. 6

1.601: 79. 8

.90

: 87. 01. 1781.8

.0410

i 137.2188. 1

108XG

i 11270

! 97

1 85

! 71.5

551 64

100i 75

Novem-ber

52. 0

6. 75

105. 5

4.85

100.2

4 25

2 463

39. 81.021.6081.7

2.20

31. 9531.0088.61.6081.7. 75

107.053

.034

78.8

.047

85.0. 22573.3

. 2589

.43

47. 5

. 8353. 5

. 69

46.3

4. 69

55.7

4.14

57. 1

. 291. 60179.8

.90

87.01.2083.6

. 0427

1 4 1 . 41 88. 0

80130U480

; 118; 73; 103

1 74

; 74,91 63

62127

! 80

October

51.3

6.75

105.5

4.85

100. 2

4 25

2 512

40.61.021. 6081.7

2.22

32. 3131. 0088.6l . f i O81.7

106. 053

.033

76.3

. 044

80.8. 22373. 8

. 2686

.41

. 82

51.0

.8756. 1

.74

49.7

4. 98

59. 1

4.23

58.3

. 75

.301. 60179.8

.90

87.01.2083. 6

. 0406

144. 4187, 9

7612612792

! ^70106

: 49| 80.91 79

75: 140

99

Se^m" ! Au.cust ! July | June 1 May j

; 1

53. 6 56. 3

6. 75 ! 6. 75

105. 5 | 105. 5 j

4.85 i 4.85

100. 2 ! 100. 2

4 °) 4 '^5

2 413 ' 2 955 ]

31). 0 47. 71.04 1.06 !1.60 ; 1.65 i81.7 ! 84. 3 1

2.24 2.26

32.67 33.01 !

31.00 31.00 188.6 88.6 !1.60 1.6581.7 84.3 i

. 75 . 75 i

107 111 1.054 .054 j

.031 .032

72. 1 73. 0

.043 ' .044

79. 2 1 80. 3 I.224 ! .29075. 5 77. 7

i.2964 ! .3002

.44 : .41

.87 ' .91 i

55. 1 57. 6

.88 « .89 !56.8 : 57.4

.78 i .81

52.3 54.4

5. 08 5. 34

60.3 , 63.4 ;

4. 44 i 4. 56 !

61. 3 62. 8

. 76 : . 76

.31 ' .311.601 : 1.60179.8 ; 79.8

. 90 . 90

87.0 87.01. 20 1. 2083.6 83.6

.0427 ; .0436

145.6 143.7187.0 i 184. 1

; 83 94123 ; 115

i 148 ; 149i 100 101 1

128 119 i! 67 70 <i 111 108 ii : !

| 62 62 j

1 88.4 i 86.6

i 76 ; 60 i\ 79 87 ii 139 1321 105 104 ;

I \

59.3 ! 71.0 i

6. 75 : 6. 75

105.5 | 105,5

4.85 4.85

100.2 100.2

4 95 1 4 25

2 955 ! 3 251

47. 7 52. 51.08 1.091. 65 1. 7084.3 ! 86.8

2. 29 2. 33

33. 25 ! 33. 5331.00 31.0088.6 ! 88.61.65 ! 1.7084.3 i 86.8. 75 ; . 75

111 111.054 .055

. 033 . 032

75. 3 74. 4

. 046 . 045i

84. 1 82. 7. 292 . 30080. 0 82. 2

. 2981 . 3030

. 43 . 47

.92 | 1.00

58. 2 i 63. 3

.85 1 . 0554. 8 ! 67. 7

.80 i .89

53.7 i 59.7

5.51 i 5.83

65. 3 69. 1

4.64 ! 4.99

64.0 i 68.9

. 76 1 . 76

.31 . : > !1.696 1.75684.6 I 87.6

. 90 . 90

87. 0 87. 01.20 i 1.2083. (i 83. 6

. 0435 . 04 44

144.0 147.9183. 6 180. 9

99 115111 114173 i 19392 : 106

127 14175 79

111 i 123

75 90

75. 3 102. 9

65 7183 119

127 ( 131115 128

(16.0 :

6. 75

105.5

4. 85 ,

100. 2

4 25 '

3.940 :

63.6 :1. 111.8091.9

2. 35

33. 8432. 50

92. 91.8091. 9.75

115.057

.032

74.0 ,

.048

86. 7. 30084.6

. 3213

. 49

1. 07

67. 7

1. 1473. 5

.99

66. 4

70.8

72 7

. 77

. 291.75687. 6

.90

87. 01.23S3. 6

. 0464

1 50. 1181.0

1191201 9310514278

124

101

105.8

78153137165

A p r i l

65. 2

6. 75

105. r.

4. 85

100.2

4 1 > r )

4. ISO

67. 61. 141. SOD l . l i

2. 39

34. 4X:?3. oo

1)4. 3l . S OO L D

115. 055

. 035

80. 4

. 048

88. 0. 30085. 5

. 3607

.5-1

1. 1 1

7(i. :;

I . I V

1.0!

67. 8

6. OH

5. 40

74. ;». 76

.3!1.75687. 6

.90

S7. 01 . '«,»;>87. 1

. 048 1

151.2189. 0

rjo1 21i ;-•;1 1 014G78

127

102

112.9

74175150180Digitized for FRASER

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

Page 29: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 19311 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

27

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

AUTOMOBILES— Continued.

Electric industrial trucks and tractors:Shipments-

Domestic numberExports. _ _ _ _ _ _ number

Exports (assembled):From Canada-

Total. no. of cars__PassejQger cars -- no. of carsTrucks no. of cars

From United States —Total no. of carsPassenger cars no. of carsTrucks - , . no. of cars

Financing:"Wholesale dealers thous. of dollsTotal consumers - thous. of dollsNew cars thous. of dollsUsed cars thous. of dolls_-Unclassified thous. of dolls-_

F ire-extinguishing equipment:Shipments—

Motor vehicles numberHand types number _ _

New passenger-car, registrationstotal no. of cars

'Production, actual:Canada — •

Total no of carsPassenger cars no. of cars. _Trucks . .. no. of cars

United States — •Total no of carsPassengers cars no. of carsTaxicabs no. of carsTrucks . no. of cars

Him production thous. of rims..Sales (General Motors Corp.):

Total to consumers, U. S no. of cars_.Total to dealers, U. S no. of cars_-Total to dealers, including Canadian and

overseas no of cars

CHEMICALS AND ALLIED PRODUCTS

Production index (Feel. Res. Bd.)rel. to 1923-25

Production index (elect, energyconsumed) rel. to 1923-25

Prices, wholesale. . _ _ _ _ _ _ _ _ _rel. t o 192(iStocks, manufactured goods,

end of month ...rel. to 1923-25..Stocks, raw material, end of

month rel. to 1923-25..

ChemicalsAcetate of lime:

Production thous. of IbsShipments .'. thous. of lbs._Stocks, end of month thous. of lbs._Exports thous. of IbsPrice, wholesale dolls, per cwt-_

Arsenic, crude:Production. _ . short tonsStocks, end of month short, tons..

Arsenic refined:Production .short tonsStocks, end of month short tons..

Dycs and dyestuffs, exports:Vegetable thous of IbsCoal ta r _ _ _ _ _ _ ' _ _ _ ..thous. o f i b s

Ethyl alcohol:Production.. _ _ _ _ _ _ _ _ thous. o f galsWarehouse stocks, end of

month thous. of gals..Withdrawn for denaturiza-

tion thous, of gals._Tvlethanol, crude:

Production. _ „ . . . gallonsStocks at crude plants, end of

month ... gallonsStocks at refineries and in transit.. gallons..Exports gallons

Menthanol, refined:Price, wholesale, New York. dolls, per gal. .Production gallons..Shipments ga lion s - _Stocks, end of month _ gallons

Nitrate of soda:Imports . long tonsProduction in Chile metric tons

Potash salts:Imports . _ _ long tonsSales in Germany (K20

content) metric tonsPrice index numbers:

Crude drugs rel to Aug 191-1Essential oils.. __.rel . to Aug., 1914 .Drugs and

Pharmaceuticals rel. to Aug., 1914..Chemicals rel. to 1927Oils and fats rel. to 1927..

April

4823

1,172763409

16, 72711, 2285,499

7232, 538

17, 15914, 0433, 116

335, 708285, 028

66550, 0151,718

135, 663132, 629

154, 252

137.480. 1

131.5

91. 5

4,5175, 278

28, 880

2.00

1, 4025, 265

9641, 950

1432, 231

11, 162

13, 074

10,541

325, 794

534, 42936, 17654, 857

. 35211,073141, 801569. 250

1931

March F*™-

849

1, 8531,327

526

17, 52811, 5266,002

63, 02491, 97155, 08134, 537

2, 353

2 7634, 248

198, 358

12 993l5! 4832,510

2276,4052230,834

4102 45, 161

1, 425

101, 33998, 943

119, 195

152

139.3SI. 9

2 132. 0

2 96. 5

2 7, 5092 4, 531

2 29, 641

2.00

1, 9575, 478

1, 5062, 181

1722, 641

11,929

13, 633

8, 795

H87,235

427, 504105, 23830, 146

,40253, 494199, 500499. 978

67, 008 | 120, 164

15, 9&J

131«2

ItiO9072

23, 955

I;KJSi

1749071

506

1, 565881684

13, 3749,1874,187

49, 84966, 30536, 91227, 7721,621

6929, 280

131, 270

9,8717,5292,342

219, 939179, 890

52939, 5201,011

68, 97680, 373

96, 003

149

146. 682. 2

2 130. 7

2 103. 2

7, 3263. 520

26, 745

2.00

1, 4945, 862

1, 4092, 449

1792,538

8, 859

11,008

6, 2962 469, 638

412, 155121, 52218, 295

.40223, 144221, 279445, 984

68, 421

19, 043

13180

8968

January

33 15 !

3,0541,798 i1,256 i

12,838 <8,3044,534 i

40, 15561,877 i32, 99127, 3291,557

5627,713

124, 350

6, 4964,5521,944

171, 851137, 805

51233,534 |

681 |

61,566 i76,681 I

89,349

144

132. 083. 6 !

2 128. 8 ;

107.7

8, 2455, 195

22, 939

2.00

2, 8036, 486

1,5702, 419

1012, 066

11,869

9,442

8,081

631, 396

312,11089, 74045, 139

.40306,373 ;167, 309444,119 |

45, 890

22, 750

133 !81 |

1759071

Decem-ber

429

3,6452,1931,452

14, 1989, 0965,102

35, 60166, 06835, 38228, 899

1,787

11334, 295

96, 054

5,6224, 2251,397

122, 7481, 425

31, 528567

57, 98968, 252

80, 008

149

133. 584. 8

123. 9

124. 2

7,5428. 4S()

19, 888

2.00

1, 4835, 767

1, 4392,221

1782,502

17, 770

6,858

19, 134

477, 165

247, 81393, 80590, 111

.40382, 547372, 352305, 055

35, 512

17, 537

80, 699

137• 85

1759373

Novem-ber

379

2, 5881, 2601,328

12, 0786, 0396, 039

29, 68460, 29531, 84326, 902

1, 550

7129, 213

93, 066

5,4073,5271,880

2 136, 754102, 358

60932, 787

920

41, 75748, 155

57, 257

151

145.085.2

124. 2

128.5

6, 6749. 496

20, 826

2.00

2, 3925,937

1, 5082,010

1143,136

20, 861

8, 304

20, 070

430, 342

218, 70359, 19740, 814

.40431, 179477, 029294, 860

35, 474

13, 499

54, 872

13787

1759473

October

913

2,8682,003

865

11,2157,1364,079

35, 96281,41545, 71033, 835

1, 869

9636, 303

150, 219

4,5413,2061,335

154, 401115, 476

58238, 343

864

57, 75722, 924

28, 253

160

122.4bti.O

125. 2

132. 7

6,0188, 207

23, 649

2. 42

2, 6945, 125

1, 2651,813

3092,481

18, 455

8,898

18, 537

379, 626

337, 74959, 236

100, 479

.40575,711541, 807340, 710

27, 207179, 357

37, 425

71, 660

13790

1769474

1930

Seberm" August July

776

6,6414, 2932,348

13, 4378,1255,312

45, 39790, 50452, 93235, 305

2,267

8637, 482

175, 286

7, 9575,6232,334

220, 649177, 752

93041, 967

1,052

75, 80569, 901

78, 792

165

147. 186.6

121.3

120. 0

6. 0383, 722

25, 838

3.00

2,0774, 026

1,1011,930

204866

14, 299

10, 010

12, 615

294, 176

519, 439168, 16682, 168

.40364, 505440, 514306, 806

19, 362181, 467

48, 482

127, 660

13991

1769478

8211

3,9222, 5521,370

13, 2747,9565,318

45, 411102, 99463, 10237, 218

2,674

11834, 958

203, 737

9,7926, 9462,846

224, 368185, 619

38638, 363

1,504

86, 42676, 140

85, 610

164

135. 787.3

117.3

98.1

3,5352, 560

23, 52223

3.00

1,2173,254

1,0021, 525

1241,757

12, 8GO

9,317

11, 777

242, 418

475, 33179, 380

157, 037

.40374, 521463, 215382, 815

9,083202, 466

48, 487

98, 722

14397

1769487

10211

3,5212, 4711, 050

11,8707,8284,042

55, 430119,014

73, 55442, 775

2,685

11843, 065

254, 098

10, 1888, 5561,632

265, 533224, 690

37640, 467

1, 449

80, 14770, 716

79, 976

166

140.687.8

121. 2

92.9

3, 5683, 109

22, 547

3. 11

1, 4283, 495

1,0321, 897

1101,153

11,617

9, 498

11, 352

192, 519

510, 030153,81161, 240

.40250, 085309, 274471, 509

28, 644199, 284

51, 970

93, 859

147107

1769588

" ~~

June May

6732

3,6702,2401,430

15, 43710, 1015,336

53, 802138,41191, 22443, 0864,101

10644, 911

260, 861

15, 09012, 1942, 896

334, 506288, 481

46345, 562

1,338

97.31887, 595

97, 440

170

138. 688.9

128. 0

94.4

4, 8475, 703

22, 089

4.29

2.1683, 654

1, 0812, 024

1942,612

13,116

10, 076

11, 128

319, 478

490, 158219, 989126, 813

.40418, 205383. 570530, 698

18, 737205,911

17,704

95, 968

154111

1769689

12719

3,0242, 131

893

26, 54216, 8769, 666

83, 660115,38368. 27842, 906

4, 199

9556, 620

345, 031

24, 67221, 2513,421

420, 027364, 512

44055, 075

2,010

131,817136,169

147, 483

173

1.40. 689. 9

133.5

96.5

6,8195, 741

22, 945

4.50

1, 6523,935

9632, 726

2322, 334

13, 245

9, 143

11,319

426, 395

565, 299304, 004

77, 028

.40405, 780339, 930496, 063

42, 308215,389

13,313

77, 193

161113

1769792

April

1075

3, 2722, 304

968

35, 23823, 77711,461

85, 346146, 88194, 03848, 8603, 983

9457, 043

357, 064

24, 25720, 8723, 385

444, 024375, 685

48667, 853

2, 340

142, 004132, 365

150,661

174

137. 291.0

134. 4

99. 7

8, 1014, 856

21,867

4. 50

1, 3504, 159

1, 0842, 889

2183,34U

12,221

8, 074

10, 585

518, 03!)

538, 054350, 754101,033

.40524, 295531,034430,213

69, 788205, 200

22, 339

79, 74S

166

1769794

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

Page 30: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

28 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS-Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

CHEMICALS AND ALLIED PROD-UCTS— Continued

Chemicals— ContinuedSulphuric acid:

Exports thous of IbsPrice, wholesale. . .dolls, per 100 Ibs

Superphosphate (acid phosphate):Production . short tonsShipments short tonsStocks, end of month -thous. of short tons__

Wood at chemical plants:Consumption cordsStocks at end of month cordsDaily capacity-

Total . - cordsShut down cords

CottonseedCottonseed:

Consumption (crush) short tonsReceipts at mills thous. of short tons..Stocks at mills, end of month

thous. of short tons( 'ottonseed cake and meal:

Exports short tonsProduction ... _ _ _ _ .. short tons.Stocks, end of month short tons

Cottonseed oil, crude:Production thous. of IbsStocks, end of month . thous. of Ibs

( 'ottonseed oil, refined:Factory consumption-

Total (quarterlv) thous of Ibsin oleomargarine thous. of Ibs

Price, yellow, prime, New Yorkdolls, per Ib

Production thous. of IbsStocks end of month thous of Ibs

ExplosivesExplosives, black powder, permissible and

other high explosives:New orders , thous. of Ibs. .Production thous. of IbsShipments thous. of lbs._Stocks, end of month thous. of Ibs. .

Fats and OilsAnimal fats (quarterly):

Factory consumption thous. of IbsProduction ._ _ . thous. of IbsStocks, end of quarter _ __ .thous. of Ibs...

Animal glues:Production (quarterly) thous of IbsShipments thous. of IbsStocks, end of quarter thous. of Ibs.

( 'oconut or copra oil:Factory consumption-

Crude (quarterly) thous. of lbs_-Kefined —

Total (quarterly) _ -thous. of Ibs -In oleomargarine thous. of Ibs . -

Imports thous. of Ibs .._Production (quarterly) —

Crude thous of IbsKenned . . thous. of Ibs

Stocks, end of quarter —Crude thous of IbsRefined thous. of Ibs

( 'opra:Factory consumption (quarterly)

short tonsImports short tonsStocks end of quarter short tons

Edible gelatin:Production (quarterly) thous of IbsStocks, end of quarter thous. of Ibs

Fish oils:Factory consumption (quarterly)

thous of IbsProduction (quarterly) thous. of l b s _ _Stocks, end of quarter thous. of Ibs..

Creases:Factory consumption (quarterly)

thous of IbsProduction (quarterly) thous. of lbs_.Stocks, end of quarter . . .thous. of Ibs.

Lard compounds:Production (quarterly) thous of IbsStocks, end of quarter thous. of Ibs. .

( )leoinargarine:Consumption thous. of lb s_ . .Production thous. of Ibs..

Vegetable oils:E xports. thous. of Ibs. _Factory consumption (quarterly)

mills of IbsImports thous of IbsProduction (quarterly) mills of IbsStocks, end of quarter —

Crude _ . _ thous. of IbsRefined thous. of Ibs..

1931

April

310, 950

31, 946393, 077

2,613716

155, 37344

95

6, 58875 921

253, 609

52, 46943, 048

.07676, 852

462, 881

~ 26, 862

18, 927

17, 150

2,154

52, 463

March

200,218

225 906304, 786

1, 985

2 49, 107383, 925

2 2, 6072 504

280, 637111

207

5, 750135 144303, 945

89, 79469, 878

3 276,9061,621

.0761 15, 302494, 503

20, 73025,41426, 59820, 929

3 154 9513 618,4593 224,3983 22 845

3 53, 772

3 138,2553 75, 479

12, 08627, 550

3 91 4403 66, 268

3 201 9323 16, 869

3 71 "9

ary11' j January

376, 076

249, 405130 996

2,287

2 45, 767411,503

2 2, 607460

401,736158

377

3, 147190 314363, 201

124,392104, 910

1, 465

.073130, 556494, 882

25, 44828,75127, 54320, 219

11, 49244, 034

25, 890 33, 1 333 27 167

3 4 5493 8 642

3 44 620 13 11,587 !

3 215,405 |

s 53 3463 95, 9483 79, 012

3 291,386326,081

19, 573 19, 75121,154 20,335

3, 831 2, 9473 829

68, 2383 >374

3 610,812

79, 809

;! 531,666 i ...... ...

304, 745.75

325, 552103, 024

2,292

52, 314408, 185

2,607428

589,911219

620

11,084270, 965343, 665

181, 221127, 739

""I," 875

.073150,998461,776

26, 71424, 05625, 20117, 372

-.. ...

H, 87324, 690

34, 056

27, 23725, 740

4, 775

72, 142

Decem-ber

438, 836

335, 98070, 496

2, 110

47, 654463, 276

2,647472

669, 264578

991

7, 538305, 019298, 139

201, 621114, 248

3 331, 7462,178

.072188, 823428, 609

24, 40424, 02422, 97417, 303

3 154,7643 515,5983 191,9413 23 515

3, 4691 3 49, 951

3 159 545

79,71116, 49130, 952

3 90 9213 77, 612

3 i(j4 2063 22, 352

3 71 13437, 419

341,0773 4 4343 8 224

3 42, 7033 27, 815

3 197,770

3 49 4763 88, 510377,211

3 331,4123 26, 672

27, 59328, 969

2,086

i 3 i 07672, 028

I 3 1,004

'3 641.002. . . . . . . 3 466,602

Novem-ber i

308, 992

302,73077,861 '

1,877

43, 483494, 329

2,647644

801,800803

1,083

1, 580360, 943252, 323

239, 913114, 595

~"~2~09T

.076215,405350, 260

28, 84730, 24830, 22916, 346

4, 565

17,11120, 477

33, 886

October

703, 787.75

335, 59492, 769

1,703

38, 549470, 732

2,647743

936, 7431,323

1, 081

4, 361421, 283202, 156

283, 929110,829

~ ~ ~ 2 ~ 505

. 076232, 179254, 571

34, 32434, J 1334, 19816, 812

5, 891

18, 24843, 124

33, 725

30, 63129, 633

2, 294

75,352

33, 13832, 191

2, 591

106, 699

1930

sept™-

465, 766. 75

282, 710149, 899

1,479

31, 668496, 238

2,6631, 264

561,6251,041

695

2, 092251, 128116, 396

169, 45879, 280

3 323,5212, 151

.081102, 460174, 208

33, 17335, 68835, 06916, 694

3 147,5593 461,6473 189,5613 21 715

4, 8853 44, 380

3 150,753

76, 57215,81814, 846

3 85, 0683 69,313

3 139, 4333 18, 029

3 67 16531, 139

3 24 5023 2 9793 7, 499

3 36 9213 50 693

3 207,301

3 54 8263 92, 0313 69, 739

3 317,8833 21, 164

27, 19428, 554

1, 794

3 56173, 445

3 483

;1 521,0103 208,964

August : July

176,023• 75

295,79064, 756

1,527

27,595 i487,955

2,6431,344

165, 770336

215 ,

17576, 44045, 340

49, 32225, 606

" ~2, 906

. 084

200J 273

32, 68731, 16832, 28916, 043

4, 598

11,47919, 331

16, 885

24, 67223, 071

1, 317

87, 072

570, 683. 75

308, 24173, 1341, 309

29, 503477, 761

2, 6431,346

61, 76030

45

30428, 52755, 352

19, 4257,894

1, 587

.08029, 754

301,609

30, 42430, 81030, 64917, 392

5, 585

11,4558,118

18, 663

18, 78220, 976

533

74, 579

June

409, 748

290,61554, 488

1, 079

35, 040451, 128

2,649914

86, 36945

77

24838, 73685, 277

29, 25322, 328

3 299,7491, 882

. 08349, 325

393, 573

33, 00533, 54633, 96917, 181

3 146,4503 540,6263 226,482

3 27, 9394,788

3 43, 162

3 161,077

69, 37711, 76325, 590

3 78, 5923 65, 232

3 160,1933 18, 452

3 61 54416, 106

3 28, 6983 5 2433 8, 109

3 41, 3613 8,418

3 174,601

3 59 5863 92, 6213 70, 404

3 283,2993 24,011

22, 17821, 904

2, 049

3 67086, 947

3 4153 497,0303 428,427

May

507,011

326, 566149,343

882

45, 048435, 555

2, 645648

138, 90460

1J9

23062, 240

46, 53939, 508

2," 115

.08855, 976

463, 983

33, 34036, 14733, 40417, 699

5, 543

13, 23634, 868

21,089

April

327, 918

334, 467469, 184

885

414' 380

2, 659556

230, 80119V)

320104, 291

77, 56761, 954

2, 483

. 087109, 32X5)6, 753

33, 20430, 96734, 07 118, 560

6, 0_'5

15,37921,943

16,649

22, 52624,812

970

85, 173

29, 65428, 628

3, 753

67, 13,'J

3 Quarter ending in mouth indicated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 31: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

29

Earlier data for items shown here may I 1931 1930

be found in the 1931 Annual Supple-ment to the Survey

CHEMICALS AND ALLIED PROD-UCTS— Continued

FertilizerFertilizer:

Consumption, Southern Statesthous of short tons

Exports short tons

Flaxseed

Flaxseed, imports thous of bushsLinseed cake and meal:

Exports _thous. of Ibs _Shipments from Minneapolis

thous. of IbsLinseed oil:

Factory consumption (quarterly)__ __ ._ _. .thous. of Ibs

Price, New York dolls per IbProduction (quarterly) -thous. of IbsShipments from Minneapolis

thous. of lbs_.Stocks at factories (quarterly)

_ _thous. of lbs_-Minneapolis and Duluth:

Receipts thous of bushsShipments thous. of bushsStocks, end of month thous. of bushs__Oil mills (quarterly)—

Consumption _ _ thous. of bushs..Stocks, end of quarter

thous. of bushsPrice, No. 1, Minneapolis dolls, per bush..Production, crop estimate thous. of bushs

Naval StoresPine oil:

Production gallons _Stocks, end of month thous. of gals. .

Rosin, gum:Net receipts, Southern ports bbls..Price, "B," New York dolls, per bbL_Stocks at 3 ports, end of month bbls_.

Rosin, wood:Production __ bblsStocks, end of month _bbls__

Turpentine, gum:Net receipts, Southern ports bbls..Price, Southern, New York-dolls, per gal. .Stocks at port, end of month bbls

Turpentine, wood:Production.. _ _bbls _Stocks, end of month bbls

Roofing

Prepared roofing, shipments:Grit roll__ _ thous. of sqs._Sh ingles-

individual and single thickness. _ __thous. of sqs

Strip, patented, arid hexagonthous. of sqs__

Smooth roll _ -thous. of sqsTotal thous. of sqs

FOODSTUFFS

Production index:Food products (Fed. Res.

Bd.) „ -- _ rel. to 1923-25Food and kindred products

(elect, energy consumed ;.rel. to 1923-25. _Slocks, manufactured

foodstuffs _--.rel. to 1923-25Stocks, raw foodstuffs . rel. to 1923-25

Candy

Sales by manufacturers thous. of dolls..

Cocoa

Shipments from Gold and NigerianCoasts, Africa.. ... , .long tons

Imports ._ _. _ _ . ... long tonsSpot price, Accra, New York dolls, per Ib..

CoffeeClearances:

Total, Brazil for UnitedStates thous.l of bags...

Total, Brazil for world thous. of bags iImports _ thous. of bagsPrice, Kio No. 7, Brazil grades.-dolls. per IbReceipts, total Brazil thous. of bags..Visible supply:

United States thous. of bags..World thous. of bays

Apriljj

1 13214U 088

827

30, 818

12 145

092

12, 792

309314973

1.57

219,0531, 903

88, 7414.73

310, 576

35, 585120, 534

26, 102.50

53 393

6, 3448 383

533

146

555967

2 202

96

122.0

95. 7193 5

21, 608

33, 86420, 242. 0535

1, 126. 053

March

1 352104 214

1 313

39, 847

17 827

3 74, 092095

3 118,417

11,552

3 113,192

498185

1, 205

3 6 571

3 2 3451.58

208, 6901, 882

38, 9774.64

266, 056

33, 544125,919

9, 511.53

45 232

5, 7409 987

333

92

329702

1 456

87

116.8

2 103. 12 202 0

22, 062

48, 35320, 942. 0550

8491, 5591,407.056

1, 565

1, 1485, 963

Febru-ary

64097 082

952

18, 238

11,046

092

9, 594

426286

1, 293

1.56

220, 0661, 839

4.38300, 695

32, 332130, 490

5,354.45

58 202

5, 63413 537

330

60

277714

1 381

92

122.0

2 105.22 197. 9

21, 444

51,550 i13,696 i. 0563

889 i1,5901,289 1.064

1,648 i

1,1615,879

January

34391 497

352

10, 853

17 227

088

8, 553

491243 i877

1.57 |

144, 4401,769

41, 3454.45

329,626

24,488125,630

7,228 !.44 ;

68 320 ;

4, 75714 437

!322 ;

i51 i

249773 1

1 395 i

93

118.3

2 104. 2 !

2 194 8 :

21, 948

39,278 !16,418. 0619

952 i1,647 i1, 094. 068

1, 697

8665, 455

Decem-i ber

7471 533

i 219

33, 596

! 16 824

3 69, 307092

3 131,257

7, 385

3 113,594

709

1, 386

3 7 391

3 4 4721.61

23 682

229, 7371,799

117, 4894.95

372, 090

34, 332122, 318

27, 482.42

84 911

6, 20015 799

242

63

238583

1 126

89

107. 1

95. 0205 1

28,727 :

21, 750 i13,700 i.0675

881 [

1,590 I1,098 i.070 |

1,494

929 !5, 188 1

N°b7rm- October

6 1 9584 847 125 441

387 148

25 986 12,519

17 315 1 29 726

094 j 099

10,199 14,792

1 424 1 2 636l' 910 l' 6181,411 | 2,182

1. 65 I 1. 8024 168 i 25 165

229 979 i 225 6881,708 j 1,610

107,414 i 127,6215.29 i 5.54

323,142 1 303,669

38 931 34, 818119,727 | 109,785

28,107 I 38,500.43 | .41

95 860 '• 88 499

6 584 i 5 81713 895 11 257

1

372 922

86 ' 191

283 ; 572742 1 1 575

1 484 : 3 259

94 94

124.4 : 137.2

92. 6 98 6200 0 196 9

29,500 ; 31,004

18,888 ! 12,6606,338 i 7,410.0688 | .0675

|ji

514 6591,080 l 1,176

967 1, 159.079 i .089

1,549 1,437

817 i .8285,014 ! 5,051

Septem-ber

1281 18 76 L

59

8,474

27 149

3 80 359105

3 108 236

11,565

3 83, 945

5 0542' 0451, 893

3 5 887

3 3 3861. 90

24 611

229 2381, 529

140, 0905.80

276, 565

38, 293117,726

42, 873.44

76 774

6, 57311 163

872

196

1,0011,4383 506

96

148.6

109. 7197. 6

28, 027

7, 554 !11,008 \.0670

8521,469

99 1 '.072 :

1, 595

9345, 498

August

38115 580

551

22, 593

13 398

131

6, 117

3 2661 436

447

2.0026 013

224, 5461, 513

151,2695.39

267, 540

37, 349114, 281

46, 521.41

65 024

6, 12512 772

655

176

6921,0212 544

91

141.2

120. 1183 9

19, 0-14

13,44!1 7, 863. 0775

6521, 318

712.072

1,462 :784 :

5, 529

July

18143 620

360

24 833

5 066

140

6,436

294193319

2.3230 100

241 1931,456

178, 8765.90

242, 948

39, 929117,318

55, 822.43

58 491

6,40613 642

612

139

597803

2 151

94

139.2

127 4162 7

16, 713

20 76420, 443. 0809

5391,025

801. 076

1,391

8615, 378

June

791 13 538

371

29, 066

5,768

3 104,276140

3 130,863

6,274

3 108,758

314267433

3 7, 270

3 2, 3282.71

248, 7771,386

149, 8806.50

196, 857

40, 049109, 198

46,711.47

42, 344

6,77413, 762

i

653

151

656 i924

2,384

93

145.4 !

117.7153.4 i

19,774 ;

14,694 !

15, 121 1.0825

441922

1,010.093 |

1,031

807

May

216143, 347

1 454

41, 409

7,485

.140

9,685

712457523

2.68

234, 2811,277

150, 3866.34

143, 684

40, 93399, 359

48, 803.49

47, 130

7,45413, 715

731

164

7301,0882,714

98

138.2

105.3 1170.7

22, 264

16, 12410,721. 0850

5301,027

915. 092

1,247

7905. 449

April

1 °S(")IS8 04-1

2 527

48, 716

8, 604

143

9, 14 1

146171624

2. 92

253, 0491,278

86, 8736.78

135, 958

43,91997, 168

27, 999.54

35 053

8,30315,854

676

144

7151,191

97

119.4

100. 5174.4

25, 660

13,95112, 164. 0869

5481, 1521 , 065. 099

1, 152

8515, 264

Revised. 3 Quarter ending in month indicated.

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

Page 32: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

FOODSTUFFS— Continued

Dairy Products

BUTTER

Apparent consumption thous. of lbs._Cold -storage holdings, creamery,

end of month thous. of Ibs _Production (factory) ..thous. of Ibs .Receipts, 5 markets thous. of Ibs . 1Wholesale price, New York dolls, per l b _ _Wholesale price, New York rel. to 1926..

CHEESE

Total, all varieties:Apparent consumption thous. of l b s__Cold-storage holdings, end of

month thous of IbsExports Canada thous of IbsExports, United States thous. of Ibs..Imports, United States thous. of lbs._Receipts, 5 markets thous. of lbs._Production (factory) thous. of Ibs..

American whole milk:Cold-storage holdings, end of

month thous of IbsWholesale price, New York. .dolls, per lb ._

EGGS

Cold-storage holdings, end of mouth:Case thous of casesFrozen thous. of Ibs.

Receipts, 5 markets thous. of cases.

MILKCondensed milk:

Exports thous. of IbsTotal stocks, manufacturers, end of

month-Case goods.. _ _ thous. oflbs..Bulk goods thous. of lbs_.

Unsold stocks, end of month —Case goods thous. of Ibs...Bulk goods thous of Ibs

Wholesale price, New York-dolls, per case..Evaporated milk:

Exports thoas of IbsManufacturers' stocks, end of mouth-

Total case goods thous. of lbs ._Unsold case goods thous. of Ibs..

Wholesale price, New York-dolls, per case..Fluid milk:

Consumption in mfr. ofoleomargarine thous. of lbs__

Receipts-Boston, including cream thous. of qts..Greater New York thous. of qts _

Powdered milk:Exports ._ thous. of Ibs. .Manufacturers' stocks, end

of month . _ _ thous. of Ibs.Net new orders ___thous. of Ibs.

Production, condensed and evapo-rated milk _- thous. of Ibs -

FishCanned salmon:

Exports, Canada cases..Shipments, United States. thous. of cases..

Cold-storage holdings, 15th ofmonth thous. of Ibs...

Total catch, principal ports thous. of bbls._

Fruits and VegetablesApples:

Car-lot shipment . carloads-Cold-storage holdings, end of

month . _ thous. of bbls _Citrus fruits, car-lot shipments carloads...Onions, car-lot shipments carloadsPotatoes, car-lot shipments _ .carloads-.

GrainsTotal grain exports, including

Hour thous of bushs

BARLEYExports thous. of bushsPrice, No. 2, Minneapolis dolls, per bush....Price, No. 2, Minneapolis rel. to 1926. _Receipts, principal markets. .thous. of bushs..Visible supply, end of month, thous. of bushs..

1931!

April March •

': 1

184,528 i 160,753

16,855 ', 2 18,010 1140,676 \ 122,953 i

53, 566 : 48, 739 j.26 , .29

57. 8 I 64. 4

47,925 46,332 i

r>3 165 '• 2 r)4 270505 ; 491121 20S i

6,471 1 4,611 '11,445 i 11,717 i40,470 | 34,388 !

40,643 ! 2 41,836.15 : . 16 i

5, 174 i 2 i?89391,574 i 2 78,051

2,478 2,046

1,853 i 1,873

12,390 13,22715,887 ! 216,273

8,434 i 9,0595,_OG9 i 5^549

5. 65 1 5. 65

5,311 5,034

177,754 ; 150,931154,490 ! 125,498

3.50 ; 3.50

5 927

20,312

1,414 ; 2,282

40, 298 2 41, 36311,958 2 10,606

194,753 172,306

91,083 1 101,817| 334

28,079 ! 38,54230,949 30,081

3,081 S 5,700

1,509 1 22,91715,099 : 17,5722,377 ! 2,540

21,032 23,601

j

8,118 6,0611

778 ! 745.48 ! .44

75.0 i 68,82,446 : 2,4845, 662 i 7, 840

Febru-ary

152, 985

30, 672105, 19243, 251

.2862.2

38, 068

61 841306118

4,06210, 40626, 379

47, 968. 16

40873, 889

1,264

1,345

13,05116, 171

8, 8645,285

3, 775

136, 896108, 672

3.50

5,814

17, 444

1,001

41, 7449, 492

144, 649

38, 446300

56, 54720, 635

7,115

5, 22413, 9802, 610

20, 024

5, 067

921.44

2 68. 82, 2469, 583

January

163,689

46, 792112,84345,644

.29 ,64.4 i

41,070

69 471918129

4, 12311,60027, 543

54, 499.17

73575, 685

1,026 !

2,403 ;

13,928 !18,594 |

9, 6986,986 ,6.03 ,

! 5,269

157, 152 ,107, 009

3.75

7, 464

18.352 |: 110,428

366

41, 122j 10, 253

141, 981

45, 998406

71, 91018, 353

7,806

7, 4391 14, 197! 3, 454

20,971

\ 6, 610

732.44

! 2 08. 82,511

i 10,731

Decem-ber

166, 506

63, 401106, 18143, 892

.3271.1

39, 500

79,0154,025

1764, 163

10,40026, 598

63, 326.18

1,89483, Iis4

768

1,907

17, 80319, 520

14, 1818, 297

6. 03

4, 546

202, 070163, 478

3.80

8,158

18,313111,345

465

38, 9768,945

143, 280

107, 333333

85,31717,567

8,085

9, 57512, 5542, 254

15, 092

7,578

1,047.47

I 73. 43, 569

11,401

Novem-ber

154, 987

88, 01298, 13836, 848

.3680.0

40, 035

87,17114, 677

1085,041

10, 78425, 583

71,132. 19

4,15489,571

593

1, 973

1 20, 6571 20, 885

! 16, 678! 7, 842

6.03

4, 366

211,828i 174.148| 3.80

8, 404

! 18, 226| 111,166

507

1 36, 318i 8, 733

132,284

i 108,996i 273

i 91,436! 25, 967I

17, 454

10, 86011,338

i 2, 753: 16, 267

9, 803

• 964.48

' 75.04,207

11,854

October

181, 569

109 646117,37238, 933

.402 88. 9

41, 637

96, 39316, 568

1836, 293

12,22628, 239

78,919.19

6, 78598, 359

' 717

1,718

24, 65021,965

20, 4277, 9356.03

4, 718

224, 486187, 262

3.80

9, 066419, 403

116, 140

467

33, 2819, 853

149, 136

194, 623653

88, 61630, 541

35, 782

9,0436, 3015, 593

28, 788

1 14, 091

i 1, 295.52

; 281.35, 765

i 12, 03f

1930

Septem-ber

179, 305

131,4891 19, 38840, 853

.402 88. 9

43, 695

103, 69112,652

1214,333

14, 50936, 062

85, 076.20

9, 174106, 631

952

1, 479

27,31423, 727

22, 9518, 1196.03

3, 452

218, 486179, 047

3.80

7, 799

19, 634119,356

32, 77010, 151

139, 802

152, 7791, 433

85, 43840, 687

12, 757

1, 8724, 5105, 437

21, 924

21, 041

1, 359.53

82. 812.477

i 11,991

August

103,110

J 43, 089133, 60044, 821

.39286.7

47, 564

107, 21910, 188

1373,687

14, 95241, 125

87, 221. 19

1 0, 375113, ,38

944

3, 294

30, 87525, 765

26, 4646, 9546.03

5,223

244, 969197, 189

3.80

6,173

19, 007116,769

426

34,1869, 623

163, 034

29. 4941,030

78, 99735, 875

2,729

1144,4412, 793

1 5, 979

26, 095

1,281.52

2 81. 310, 8227, 429

July June

191,178 i 199,016

145,061 106,522163,534 ; 173,71962,274 70,529

. 3 5 ; .332 77. 8 i 73. 3

:

29,640 i 41,486

108,899 i 90,42112,092 ! 5,560

172 i 1593, 106 ! 6,097

17,436 i 17,89545, 120 ! 64,326

88, 749 70, 186.18 .18

11, 198 10,743116,272 i 115, 134

1,377 1,728

1,515 ! 2,682

35,006 35,37330,337 : 28,855

30,866 ! 31,22210,212 ! 8,176

6.03 I 6.13

4,720 1 5,417

258,836 ! 227,201218,761 1 176,439

3.74 ! 3.69

5,837 i 6,074

20,348 • 21,143123,165 ! 122,086

! 376 346

; 32,493 '' 31,82010,946 ; 11,913

205, 641 243, 414'

24,942 ; 22,494367 358

64,847 | 47,498! 46,751 ; 32,886

3,253 | 1,083

i 72 i 1285,765 i 5,4782,556 i 1,729

! 22,093 24,614

18,015 13,829

698 550. 47 . 49

73. 4 ; 2 70 (•: 2, 568 2, 537

3,997 4 ,671

May

210,504

50, 378169,36563, 752

.352 7 7 . 8

49, 921

68, 1271,884

15812, 35615,47259, 940

49, 172. 20

9.17S106,904

2, 366

2, 502

30, 12425, 203

25, 4677, 5986. 13

6,308

199, 334166, 196

3.95

6, 935

: 20, 906124,883

: 496

28, 096; 11,333

i 235,860

; 34, 285i 247

: 33, 60534, 091

! 1, 966

: 4532, 104

: 3, 975; 22, 588

: 12,626

!,457

85. 92, 835

: 5, 436

April

177,1)90

22, 957122, 92250, 595

.392 86. 7

44, 080

53, 025229199

7, 12513, 02644, 94 1

39, 324.21

5, 76676, 664

2,631

2, 7 1 0

20, 5DO20,611

16,2135,1176. 13

(J, 181

162, 221140,371

3. 95

7, 903

19, 400112,955

636

26, 67510, 671

187, 224

29, 183197

25, 18636, 799

i 3, 607

i 1 , 2999, 6532, 874

19,350

9, 367

! 778: . 5i J

S7. 52, 74L'0 , 5 1 1

2 Revised.

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

Page 33: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1031] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

31

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

FOODSTUFFS-Continued

Grains— Continued

CORN

Exports, including meal thous. of bushs.Grindings (starch, glucose)— thous. of btishs..Prices:

No. 3, yellow, Chicago dolls, per bush..No. 3, yellow, Chicago rel. to 1926.,-No. 3, yellow, Kansas

City dolls, per bushNo. 3, white, Chicago dolls, per bush..

Receipts thous. of bushsShipments thous. of bushs.Visible supply, end of mo thous. of bushs,.

HAYReceipts _ number of cars. .

OATS

Exports, including meal _. .thous. of bushs.Grindings, Canada.. thous. of bushs.Price, No. 3, white, Chicago.-dolls. per bush__Price, No. 3, white, Chicago rel. to 1926..Production, oatmeal, and rolled

oats, Canada thous. of lbs_.Receipts, principal markets. _thous. of bushs_.Visible supply, end of month.thous. of bushs__

RICEExports pockets (100 lbs.)_Imports pockets (100 lbs . )__Shipments:

Total frommills thous. of pockets (100 Ibs.)

New Orleans pockets (100 Ibs. ) _Southern paddy, receipts at

mills _ thous. of bbls__Stocks, end of

month thous. of pockets (100 Ibs.)

RYE

Exports, including flour thous. of bushsPrice, No. 2, Minneapolis dolls, per bush,.Price No 2 Minneapolis rel to 1926Production, crop estimate thous. of bushsReceipts, principal markets.. thous. of bushs..Visible supply, end of month.thous. of bushs__

WHEATExports:

Canada, including wheatflour thous of bushs

United States-Wheat only thous. of bushs..Including wheat

flour thous. of bushs .Stocks, held by mills

(quarterly).. thous. of bushs..Prices:

No. 1, northern spring,Minneapolis dolls, per bush,_

No. 1, northern spring,Minneapolis. rel. to 1926

No. 2, red winter, St.Louis dolls per bush

No. 2, red winter, St. Louis.. .rel. to 1926. _No. 2, hard winter,

Kansas Citv. . . _ dolls, per bushNo. 2, hard winter, Kansas

City rel. to 1926Production, crop estimate,

winter wheat thous. of bushs _Receipts thous. of bushs..Shipments . thous. of bushs. _Visible supply, end of nionth:

Canada.. . thous. of bushsIgnited States thous of bushs

WHEAT FLOUR

Consumption (computed) thous. of bbls..Exports:

Canada thous of bblsUnited States . _ thous. of bbls

( J r hidings of wheat:Canada thous. of bushsUnited States thous. of bushs._

Prices, wholesale:Standard patents, Minneapolis

dolls per bblStandard patents, Minneapolis

rel to 1926Winter, straights, Kansas City

dolls, per bbl._Winter, straights, Kansas City

rel. to 1926-.-

1931

April

2065, 492

.5877.3

. 53

.5817, 10214,24619, G76

179

.3073.2

~~~7," f i04~13, 837

203, 51938, 748

"08," 753~

3. 35

37 1< 50. 676

8809, 262

6,148

3, 531

6,954

.79

50.0

.8051.6

.73

49.0

* 652, 90221, 23016, 601

160,750199, 561

326761

39, 113

4.71

55.8

4.02

55. 5

March

5345, 441

.6080.0

.54

.6018,56712,28121,998

4, 519

174844.31

75.6

10, 2436, 843

19, 103

211, 84341, 223

86468, 349

599

1,561

34.36

2 3Q \

10, 440

15, 521

1, 357

4,574

381,841

.7,

48.1

.7850.3

.70

47.0

"30," 833"15, 570

180. 253207, 138

8, 654

561

5.169240,137

4.67

55.4

4.00

55. 2

Febru-ary

4435, 575

.6181.3

.54

.6321, 27811,89520, 110

4,279

120940.32

78.0

11,8957, 123

22, 947

259, 57837, 821

93374, 629

864

1,790

19.37

40.2

71611,110

12, 165

137

3, 564

.75

M7.5

.79251.0

.69

46.3

~30,7V72~14,817

183.704201,862

8, 738

415762

4, 60737, 939

4.85

57.6

4.06

56. 0

January

1885, 990

.652 86. 7

.59

.6819,32012,61117, 562

5,214

144997.32

78.0

13, 3206, 121

26, 650

376, 00041,891

1,11975, 643

1, 147

1,793

3.38

41.3

88411,911

11,373

1, 289

5, 543

.76

48.1

.7850.3

.69

46.3

~29.496~13, 706

193, 858197, 219

9, 622

392945

4, 83442; 528

4.96

58.9

4.09

56.3

I Decem-ber

132| 5,241

.6992. 0

.66

.7327, 36710, 92516, 993

4, 057

! 2081,126

! .34I 82.9

1 14, 3606, 021

30, 504

413, 674! 27, 504

1,00375, 426

844

1, 678

4i . 4 4

47.8'' 50 234

i 1, 35612,644

24,939

2,173

6,187

3 137, 194

48.7

.8353.5

.71

2 47. 7

5604,337i 21,549| 15,053

205, 854195, 716

9, 846

602892

o, 22641,307

4.89

58.0

4.03

55. 6

Novem-ber

163f>, 434

2 9 4 7

.69

.7617,0678, 3967,411

4, 863

2021, 085

.33280.5

14, 6056, 075

30, 641

383, 51729, 294

1,208126, 781

1, 257

1,776

4.43

46. 7

1,64013,316

34, 782

3, 266

8,470

.75

2 47. 5

.8353.5

.69

46.3

24, 59720, 955

197, 998202, 475

10.. 597

7921, 156

7. 78942,. 428

4.69

55. 7

4. 14

57. 1

October

2956, 253

.82109.3

.82

.8815, 1768, 7054, 703

5,401

1571, 174

.3687.8

14, 7499, 445

33, 509

150, 93810, 684

1, 323201, 483

2,063

1, 670

49.49

2 53. 4

2,00113, 860

33, 447

6,311

12, 295

.82

2 51.9

0756. 1

.74

249.7

28, 94325, 238

178. 827205, 437

11,059

8141, 330

8, 34849,914

4.98

59. 1

4.23

58 3

Septem-ber

3946,473

.94125. 3

.8997

16, 0489, 8294, 976

4,808

1941, 054

.38292 .7

14, 84315, 38131,979

94, 0306,505

766128, 756

1, 084

842

25

2 59. 8

6, 56214,842

31,120

12, 716

19, 069

3154,112

.87

2 55. 1

.882 56. 8

52.3

62, 56944, 746

148, 288213, 804

10, 929

7341,412

7, 25549, 382

5. 08

60.3

4.44

61.3

1930

August

3326, 565

.99132. 0

. 92!99

20, 2821 2, 7924, 226

4, 717

292817.39

95.1

11,03225, 27725, 867

99, 2498, 675

49990, 755

508

488

. 60

5, 20012,640

20,461

18, 646

24, 167

.91

2 57. 6

.89

.81

2 5 4 . 4

85, 47648, 053

90, 617194, 800

9, 585

627

6, 93047, 654

5. 34

63.4

4.56

62.8

July

3956, 103

.82109.3

.80

.8416,66011,6994,012

4, 505

717826.35

2 85. 4

10, 8938, 7259,149

124, 1817,501

26856, 861

22

450

IS

2 5(1 8

75810,969

22, 834

11,934

16, 188

58. 2

.8554. 8

.80

2 53. 7

June

7766, 100

.79105. 3

.80

.8117,83315, 693

7, 378

3,881

204719.38

2 92. 7

9, 6607,114

11,317

202, 2247,037

34665, 195

60

687

2 62. 0

44511,248

21,681

8, 066

12, 295

3 66, 060

1.00

2 63. 3

1. 05

.89

59. 7

98,900 i 18,70542,047 : 20,575

106,554 ' 132, 187161,660 109,985

10,012 7,883

659 598945 940

6.448 5,21843,721 40, 137

5. 51 5. 83

65. 3 69. 1

4.64 4.99

64.0 68.9

May

8246, 623

.79105. 3

.78

.8016,21318, 68711,819

3, 755

266651.41

100.0

7, 95110, 69013, 102

203, 57315, 459

653107, 430

183

950

14.65

2 70. 7

1, 23411,259

16,046

5, 433

10, 064

1.07

67.7

1. 1473. 5

.99

66. 4

16, 53524, 091

147,801119,682

9, 778

5731,029

6. 25841,329

5.97

70.8

5.27

April

1,0306,615

.82109.3

.80

.8422, 11418,04321,452

4,708

259706.43

2 104. 9

8, 1069, 544

16,765

152,57229, 897

68663, 189

146

1,394

47.68

73.9

33713, 427

5, 458

;;, 0507, 252

1.11

2 70. 3

1. 172 75. 5

1.01

' 67. 8

13,44113, 291

177,424136,358

8,615

45193-1

5, 42941^854

6. 09

72.3

5.40

74.52 Revised. 3 Quarter ending in the month indicated. < As of May 1. *Final .estimate for 1930.

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

Page 34: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

Earlier data for items shown here may \1931 19.30

be found in the 1931 Annual Supple- jment to the Survey !

FOODSTUFFS— ContinuedGrains— Continued |

WHEAT FLOUR— ContinuedProduction:

Canada, . thous. of bblsUnited States-

Actual (Census) thous. of hhls •Prorated (Russells') . . .thous. of bbls -

Capacity per cent iGrain offal thous. of hhls . i

Stocks: ;

All positions (computed) :

end of month.... ._ ..thous. of hhlsField by mills (Quarterly) thous. of hhls

Meats

CATTLE AND BEEF

Beef products:Apparent consumption thous. of Ihs !

Cold-storage holdings, end of month...thous. of Ibs..

Exports .thous. of Ibs..Production, inspected thous. of l b s _ _

Cattle movements primary markets:Local slaughter thousands _ .Receipts thousands. .Shipments, stocker and feeder

_ _ thousandsShipments, total thousands -

Prices:Beef, fresh, carcass, good native steers,

Chicago _ - dolls, per IbBeef, fresh, carcass, good native steers,

Chicago . rel. to 1926Beef, fresh, carcass, steers, New York

dolls, per lb._Beef, fresh, carcass, steers, New York

rel. to 1926Cattle, corn feed, Chicago

dolls, per 100 IbsCattle, corn fed, Chicago rel. to 1926

HOGS AND PORK

Hog movements, primary markets:Local slaughter thousands. .Receipts thousandsShipments, stocker and feeder

thousandsShipments, total _ _ thousands

Lard (included in pork products) :Cold-storage holdings, end of month

thous. of IhsExports __ _ - _ -. thous. of IhsProduction thous. of Ihs

Pork production:Apparent consumption - thous. of Ibs.C old-storage holdings, end of month —

Total thous. of lbs_.Fresh and cured thous. of lbs_.

Exports —Total thous. of lbs._Other products than lard

.thous. of lbs_.Production, inspected thous. of lbs ._

Prices:Hams, smoked, Chicago dolls, per l b _ _Hams, smoked, Chicago rel. to 1926- .Hogs, heavy, Chicago _ _ dolls, per 100 Ibs..Hogs, heavy, Chicago rel. to 1926._Lard, prime contract, New York

__ _ _ dolls, per Ih

SHEEP AND LAMBS

Lamb and mutton:Apparent consumption thous. of IhsCold-storage holdings, end of month

thous. of Ibs ...Production, inspected thous. of lhs_.Prices—

Sheep, ewes, Chicagodolls, per 100 Ibs..

Sheep, ewes, Chicago rel. to 1926- _Sheep, lambs, Chicago

dolls, per 100 IhsSheep, lambs, Chicago rel. to 1926..

Sheep movement primary market:Local slaughter thousands . -Receipts _ - . thousandsShipments, stocker and feeder

thousandsShipments, total. _ thousands-

Miscellaneous meats:Cold-storage holdings,

end of month thous. of Ibs..Total meats:

Apparent consumption mills, of Ibs..Cold-storage holdings,

end of month mills, of Ibs..Froduction - - .. mill, of Ibs -_

2 Revi

Apri l

8,497

702,~498

421,670

53, 134981

412,757

1, 0361, 617

175581

. 160

97. 1

. 172

100.8

8.5689.9

1,9833, 067

361,C88

94, 89744, 769

524, 728

962, 452867, 555

59, 406

14, 637624, 301

. 18459. 77.0857. 4

. 090

59 102

2, 52758, 579

3.2950.0

S. 7664. 0

1,4102, 713

1891, 304

81,338

1,006

1, 0991,096

sed.

March

i , 168

2 S, 7249, 275

522 7 1 3, 507

5, 526:> 3' 7 1 2

-; 379,405

2 6 1 , 1 1 11 .444

374, 151

960•1, 535

146546

. 169

102.8

.180

105. 4

9. 0895.2

1 , 962

311, 234

'<' 78, 24958, 395

127,516

2 563,934

2 921,9202 843.671

73, 610

15,215630, 661

. 1ST00. 77.18

. 094

2 54 949

2 3. 06354, 486

3.7957. 5

8. 2760.4

1,1572 119

103948

2 85, 678

2 998

2 1,0721,059

Febru-ary

1,0:55

8. 2428, 750

56678, 795

5, 620

335, 603

67, 622' 961

330, 321

8125.303

147486

. 178

108. 1

. 196

115.0

9. 1195. 6

2, 2933,704

1 ,417

i 74 ,977! 6S, 760

147,632

i 508,890

1 92S, 385853, 4CS

S3, 470

! 14 ,71073 1 , 633

i 63. 56.735 L 5

' .085

50 967

50^511

3. 6955. 9

8,3160. 7

1 , 0561, 964

105908

1 92, 744

895

1, 0921,112

January j

1,086

9, 2339, 937

76 1 , 935

6. 370

384. 754

'902381. 531

8971 , 508

222607

. 195

118. 8

.205

120. 1

10.00405. 0

2. 9074, 652

451,739

62, 6246^, 882

!S6, 062

663,017

, 788,888726, 20 1

86. 902

18.020962, 175

. 20767. !

i;,3?,1 . 090

58, 195

'• 4, 08 1: 57,642

3.44! 52.1

7. 98; 58. 3

1,201i 2, 175

! 184979

1 93,747

; l, 107

9591,401

Decem-ber

1, 170

S. 9739, 88S

54739, 243

7, 000"' 4 .016

397. 741

75, 285

398' 741

i 1,015| 1, 736

: 3321,015

. 195

118.8

. 205

120. 1

1 0. 58111.0

' 2, 4604, 002

411,542

51. 134, 45, 1 1 1| 150,538

608. 323

572,626521, 192

61,134

. 1 6, 020798.311

. 21369. 27.946 4. 3

. 100

56, 348

4, 677! 56, 453

2.9344.4

7.4054. 0

1,2302, 307

i 282i 1, 081

i| 84, 169i

1, 062

737j 1,254

3

Novem-ber

1 , 739

9, 18410, 403

60762, 108

7. 850

331,945

73, 3921,491

342. 405

8231,696

478873

. 195

118.8

.205

120. 1

10.31108. 2

2, 1693, 439

371 , 269

31, 58242. 552

119,355

553, 479

443, 286411,704

62, 325

19.773665, 665

22272. 18,8671.8

.112

50, 890

4,62851,236

3.3851. 2

7.1352.0

1, 0792, 607

7611,534

75, 818

936

5971,059

Quarter c

October

i

1

1,869

1 ft. 8 1 71 2, 0X9

62899, 580

9, 200

463,928

63, 862! 2, 347! 468,983

' 1,1832. 377

6911 , 223

: . 195

; H8.8.205

120. 1

9.97104. 6

2, 0483, 441

391, 392

36,21141.396

101,672

636, 426

393,017356, 806

53, 798

! 12,402I 575,700

! .221; 7!. 7

9. 86i 79. 9

.119

64, 946

i 4, 326| 65, 060

i 3.84; 43. i1 7.03; 51.31 1, 597

3,784

1,0242, 238

72, 444

1,165

5341,110

nd ing in

her Augus t

1 , 624

10.6741 2, 24 1

67888, 576

9, 500;; 3, 940

434, 287

60. 023! . 793

434, 625

1 , 0842,108

443947

.191

1 1 6. 1

.203

118.6

10.33108.4

1 , 7032, 799

381,090

59, 73237,41788, 059

551,557

507, 159447, 427

53, 892

16, 475472, 467

.22773. 8

10.5885. 8

. 1 19

58, 873

4, 32059, 297

3.0846.6

7. 3553.6

1, 4793,580

9072, 016

80, 653

1,045

652; 966

no nth iiu

1 , 548

1 0, 3 1 31 1 , 562

62851,404

9. 600

409. 175

59, 7551,661

403,081

9591,605

150619

.168

102.4

.173

101. 1

9. 1495.9

1.4872, 617

1,133

88, 86849, 28798, 167

558, 041

639, 827550, 959

72, 719

23,431500, 438

. 22974.49.7879.2

.114

52, 646

3, 97752, 268

3.0946.9

7.7256. 3

1,2662, 583

4651,317

84, 324

1,020

788956

iieatcd.

July

1,436

9, 4661 0, 507

774, 252

8, 850

415,278

64.59!1.987

411,227

1,0041,512

109501

.174

105. 7

. 177

103.7

9.2897.4

1,7822,918

301,139

118,35351,670

121,351

557,811

769.797651,444

75, 473

23, 803603, 323

.23074.78.9472. 5

. 100

52, 074

4. 47651,861

3.0646. 5

8. 1359.3

1. 3622, 296

206940

90, 631

1, 025

9291,066

June

!, 161

8. 6879,423

713,579

9, 300:; 3, 535

386, 049

66,8911 , 973

375, 276

9531 , 459

129496

.195

118.8

.218

127.4

10.73112.6

2,1233,215

401,082

1 20, 32256, 666

133, 563

573, 489

799, 543679, 221

82, 054

25, 388664, 172

' .233! 75. 6

9.6878.4

.102

47, 764

4, 82048, 239

3. 4552.3

9.7371.0

! 1,2632,230

216955

87, 980

1,007

959i 1, 088

May

1,394

8. 98 110, 507

732, 1 53

8, 70(1

423.831

71. 5561,610

40 L 989

9471,517

199569

.215

130.9

.220

128.9

11.56121.3

2,0843, 293

471,216

1 1 5, 27062, 562

135, 785

598, 020

790, 437675,167

93, 589

31, 028665, 124

. 22873 9

10.0281. 2

. 107

53, 781

4, 63953, 375

4.7872.5

9. 0466. 0

1, 2492, 334

1421,092

83, 294

1,076

950i 1, 120

A p r i l

1,215

9. 07 19, 749

712.542

9, Odd

393, 45

x(), 6201 , 360

373,810

1.0161,644

255639

. 239

145.4

. 220

128. 9

12. 56131. 8

1 . 9803, 255

1,280

104,90550, 045

1 23, 565

567,651

XI 6, 60f>711,700

77, 466

27, 421603, 184

. 22974. 49. 9880. 9

.107

55, 488

5, 19055, 602

5. 13

: 8. 94j 65. 2

1 . 27K2, 230

134975

83, 622

1,017

| 9861, 033

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

Page 35: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June , 1<»:-H] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

33

Earlier data for items shown here maybe found in the 1931 Annual Supple-tnent to the Survey

FOODSTUFFS—Continued

Meats—Continued

P O U L T R Y

1930

Prices

Sugar

C i : } is n moven i (Tit (raw) :Exports long tons,.Receipts at Cuhan ports long tons..Slocks, end of month. thous. of long tons..

Prices:Re ta i l coverage. 51 cities rel. to 1913...Retail granulated, New

York dolls, per 1 r > . ."Wholesale, 96° centrif., New

York dolls, per l b _ ."Wholesale, 96° centrif., New

York , rel. to 1926."Wholes-lie, granulated, New

York ." dolls, per ]b_ ."Wholesale, granulated. New

York rel. to 1926.Raw:

Imports—From Hawaii and Porto

Rico long tons.From foreign countries long tons...

Meltings, 8 ports long tons..Stocks at refineries,

end of month long tons..Refined:

Exports , including maple .long tons.Shipments, 2 ports long tons.Stocks, 2 ports long tons..

Tea

Imports thous. of lbs_Price. Formosa, fine, New York-dolls. p e r l b _ .

FOREST PRODUCTS

Lumber—All types

Exports M ft. b. m.New orders ...rel. to 1923-1925..Prices, wholesale, composite rel. to 1926.

135,457 i 150,951 . 151,980 | 81,700

Production index (elect, energyconsumed) rel. to 1923-1925..

Stocks, end of month ...rel. to 1923-1925.Unfilled orders, end of month.rel. to 1923-1925.

Lumber -Production

Reta i l yards, 9th Fed. Res. Dist.:Sales M ft. b. m.Stocks, end of month M ft. b. m.

Retail yards. 10th Fed. Res. Dist.:Salos....'- M ft. b. m.Stocks, end of month M ft. b. m_

Lumber—Flooring

Maple flooring:New orders M ft. b. m.Production M ft. b. m..Shipments M ft. b. in.Stocks, end of month M ft. b. m.Unfilled orders, end of month.M ft. b. m_

Lumber—Southern Yellow Pine

Exports:Lumber - M ft. b. in.Timber M ft. b. m_

Price, flooring dolls, per M ft. b. m.Price, index rel. to 1926.

39.474.2

2 36. 776.0

128.424 110,855 j 122,690 ! 139,138 i33. 8 36. 8 ! 39. 4 ; 53. 7 j78.1 80.1 SO. 2 I 80.8 I

73.3 : 86.5 77.1 i 105.6 '117.3 113 .7 i 110.0 I 108.3 |47.0 -;42. 6 246. 3 I 2

k59. 0 i

4, 14570,531

3,940,>, JOs

136, 62843.581.1

97. 7107. 42 51 9

100.0 !107.3 |80.9 ii U L 1L H <

107.3 ;103.1 i78.6 !

158,85352.789. 7

102.4108. 479. 8

5.1143S, (»74

3,679 : 3,131 3.455 i 3,5843.326 ! 3.760 ; 3,179 ! 3,4523.226 I 3.017 : 2,676 I 2,351

24.191 : 26, 193 - 25,835 i 25,578 ,5,312 5,180 : 5,248 i 4,004 '

J,(.;053, 0451,811

24, 2713, 491

35,873 28,1139,029 ; 11,89032.51 33.44

4, 5 0 !40, 116 !

2,983 |3,301 •'3,331 >23,915 :

2,953 !

4, 26241,543

3, 5413, 6164, 41624,4763, 528

4,40742,700

3, 4813, 3213, 956

31,957 I 44,00V i 43,31210,590 i 11,509 ! 9,15334.01 i 33.48 ! 31.72

4,75044,241

4,1304,469 ,4, 669 !27,428 !4,738

34, 276 i 47, 429 l 45,10910,500 14,970 ! 11,37533.89 ! 33.06 i 36.53 |75.1 73.3 ! 81.0 !

Lumber—Hardwood !

All hardwoods: j | i jNew orders mill. ft. b. m.J 154 I 173 188 169 |Production mill . f t . b. m _ . j 146 ! 165 158 143 jShipments null. ft. b. m.. 161 i 176 165 158 iStocks, end of month— i j |

Total mill. ft. b. m..'.Unsold mill. ft. b. in..!Unfilled orders, end of ! ' ; ! !

month mill. ft. b. m.J 463 ; 473 481Gum: ! • ! j

Stocks, end of month— ; • |Total mill. ft. b. m.J O f 4 : 703 713!Unsold mill. ft. b. m...: 593 l 598 601

Unfilled orders, end of : ; jmonth mill. ft. b. m.. 101 i 106 112 i

z Revised.

125134125

133 ;143 !148 !

154158 i169 i

176 ; 139161 | 165180 ! 154

128172 ,150

143 < 195 I214 240165 ! 203 ;

118

611oil

100 i

610 i509 !

608504

601494

610497

609488

120 :

603

587456

574,224

4,83072,11463,357

5, 796.300

171,34449.091.8

102.8111.073.5

10,30993,483

5,61143, 668

3,8155, 1264, 09028, 04.84, 689

44,78812,41236. 3980.7

199255218

573442

130Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 36: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

34 SURVEY OF CUKRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

FOREST PRODUCTS—Continued

Lumber—Hardwood—Continued

1931 1930

April ' Marcli i Febru- January Decem- ; Novem-ber ' ber June

[June, 1931

May April

Northern hardwoods:Production \L ft b 111Shipment1-! M f*" b in

Oak:Stocks, end of month-

Total ..- mill. ft. b. m ._Unsold mi l l ft b in

Unfilled orders, end ofmonth Pu'ii ft, b. in

Walnut logs:Made into lumber and

veneer V[ ft lo'j meagrePurchases M ft. log measure--Stocks, end of month.,. M ft. log measure--

Walnut lumber:New orders - -M ft. b. mProduction . - ..M ft. b. in..Shipments VI f t b. mStocks, end of month M ft. b. m..Unfi l led orders, end of month. M ft. b. m...

Lumber -Softwood

California redwood:New orders (computed) M ft. b. m..Pr eduction (computed) M ft. b, in,.Shipments (computed) M ft. b. mUnfilled orders, end of month

(computed^ .. -M ft. b. m .Douglas fir:

Exports —Lumber.- - - M ft. b. in. .Timber M ft b m

New orders M ft. b. inPrice wholesale —

No. 1 common-, -dolls, per M ft. b. m _ _Flooring, 1x4 "B"

and better, V.G dolls per M ft. b. m

Production M ft, b. mShipments -M ft. b. in..Unfilled orders, end of month, M ft. b. m._

North Carolina pine:Production (computed) M ft b mShipment^ (computed) M ft b in

Northern hemlock:^Production M ft. b. m_.

Shipments - - ...M ft. b. m._Northern pine:

Lath—Production _ . . .thousands. .Shipments thousands- .

Lumber —N e w orders M ft . b . m . _Production . -M ft. b. in_.Shipments M it b m

Western pine:New orders mill ft b inProduction mill ft b. inShipments _ mill. ft. b. iu._Stocks end of month mill. ft. b. rn_.

Lumber— Veneer

Rotary-cut veneer:Recipts no. of carloads,.Purchases „ _ _ no. of carloads.-.

Lumber -Furniture

Household furniture and case goods:Grand Rapids district-

Cancellations per cent new ordersNew orders no. davs' production, .Outstanding accounts,

end of month no. days' sales. -Plant operations per cent full timeShipments no davs' productionUnfilled orders,

end of month-no, days' production..Southeastern district —

Shipments dolls., av. per firm..Unti l led orders, end of month

dolls., av. per firmSteel furniture. (See under steel manufac-

tured products.)Wholesale prices:

Beds rel. to 1926..Dining-room chairs, sets of six. rel. to 1926.Kitchen cabinets rel to 1026Living-room davenports.. rel. to 1920..

LEATHER PRODUCTS

General operations:Prices, wholesale, composite, .rel. to 1926.Production index (Fed. Res. Bd.)

rel. to 1923-25Production index (elect, energy consumed)

rel. to 1923-25Stocks, end of month rel. to 1923-25.

2 Revised.

935814 :

120 '

925719846

1, 3931,1411,500

. 15,893| 3,279

Ij

\ 22,480 :

' 18,761 '< 21 898 !

' 22,290 •

63,159 :37,573 i

224,272 :

12. 12 \

29.74 :

201,889 i209,099 l

215, 766 i

:

; i

!"::::":::i i\

> 83 i| 59 ;

! j

i i

; '

90. 794. 0

102. 992. 3

88.4

98

83.979. 5

966844

122

816(599

1, 050

2, 094875

1, 94216, 2653, 522

24, 48521, 79524 852

22, 726

15. 21119, 964

217, 109

12. 68

31.14186, 222195, 622196, 517

10582

12.014

3464.0

13

15

90.794.0

102. 992.3

88.4

92

71.278. 5

17,252; 14,178' 8, 147 ' 4,382 4,772 4,371 9,225 14,363: 16.321 19,560 23,85112 330 1 10 854 8 09! 9 374 H 285 11 SO9 11 167 11 649 '• 33 345 IS 47M IS 9()i

990 : 1,017 , 1 , 0 2 9 ' 1,022 l f ( ) 2 l ! 1,016 1,036 1 ,044 ! 1 ,049 ' 1,038 1,051861 918 , 935 ; 928 924 - 918 927 ; 929 917 '. 885 870

129 99 ; 95 : 95 97 ', 98 109 115 : 132 153 181

829; 895 1 , 1 4 6 ' 1,340 1 .421 ' 1,109 1,029! 943 i 1, 268 ! 1,588 2,011874 ! l , 1 7 t » : 1 .204: 1, 160 1 ,294 ; 1,171 886 ' 598 i 712 ! 1.008 1,820

1,172 : 1 ,136 , 777 j 791 6 7 0 ; 805 7 4 5 ; 885 ; 1,198! 1,649 2,093

1,471 1,152 1,203 , 1 ,343. 1, 809 i 1,735 1,698 1,031: 1.989 1 ,476 ' 1,638804 612 1, 1X4 i 1 , 4 4 4 ' 1,386 1.121 1. 174 i 1 , 3 1 2 . 1 ,850* 1,786 2,654

1.3C.3 • 1,061 ' 1,187 1,470 1.907 1,801 i j o l l ' 1,123; 1,696: 1,717 2,05917.236! 18,295 17, 670 i 18, 731 18,796 19,334 20,090 2 0 , 4 5 4 , 20,281! 19,634 J9, 5033,314 3,211 3,118 i 3 , 3 9 3 , 3, 646 \ 4,085 4 , 0 2 5 ; 4 , 0 1 6 1 3 ,970! 3,389 3,408

20,695! 25,928 ; 17,857! 21,485 30, 603 ; 27,155 25,293 30, 574 i 26,092 30,052 36,40123, 836 ' 26, 998 ; 23, 048 i 25. 900 35, 063 i 28, 337 28, 835 28, 335 [ 31, 095 \ 29, 650 39, 14623 555 • 21 ^10 *'n 307 ' 90 519 31 808 • 27 505 25 0-U 31 305 ! 28 384 ! 29 566 38 576

23,613! 28,725 22 ,766! 24,514 24 .277 ! 26,150 26,573 26 ,254! 25,815! 30,880 31,080

1 . i :

14,951 ! 38.251 53,718; 42 ,364 ' 43, 801 | 48,097 42,129 6 1 , 8 1 3 ! 85, 004 60,420 70,34314,978! 16,081 12, 859 j 9,151 12,5111 16,114 25, 850 : 22,369! 41 .8491 46,979 41,942

189,355 ! 191,593 189,355 186,222 203,232 217,557 222,929 213,080 i 239,939 i 291,419 292,314

12.86! 12.82 1 2 . 9 9 i 13.25 12.98 13.14 13.44 14. 47 ! 14.301 15.16 16.26

31.65! 31.33 31. 73 I 33.40 33.77! 34.58 235. 65 : 36. 57 i 36 .94 ; 38.19: 38.87179,059 ! 160,258 167,420 i 191,593 208,156 ' 199,651 206,813 i 190,250 i 253,369 i 307,982 '• 329,021186, 669 ! 178, 164 174, 583 i 179, 954 199,651 200,546 ' 118.452 i 231,434 1 275,751 294,552' 286,495181,745 : 182?640 188,012 j 176,373 137,876 176,373 j 34,742 ; 172,344 ! 199,203 201,889 265,903

21,318; 24,129 28, 350 | 28,140 29,386 27.832! 27, 349 : 26,803 35,917; 38,346 41,97939 417 ' 3° ^ '44 30 317 i 34 300 3~> 049 35 39° ' 33 481 30 730 ! 38 164 : 36 666 39 6°7

6,085 6,526 5,812 i 4.046 4,374 '• 6,876 { 8,223 13,245 ' 9,555 i 10,595 10,7005 508 • 6 091 4 955 ' 6 596 7 436 6 741 ' 7 007 8 033 < 8 455 9 539 8 616

! , i ; | i • ! ;None. None. ! 33 1,273 1 3,229 j 3.968 5,214 ! 4.558 i 4,770 3,215

.... 4,174 1,450 i 3,162 3,671 6, 047 i 4,833 4,473 4 ,001! 3,815 4,861

! 13,990 9,442 ! 12,525 21,033 j 17, 697 j 19.503! 19, 962 { 24, 290 j 21,076 25,629! 2 1H7 1 326 j 850 9 853 92 925 j 27 583 37 849 < 41 891 i 34 543 30 690; 13 7°9 10 577 ' 14 280 90 498 1 17 791 [ 21 516 " 101 ' 95 160 27 4°2 96 548

198 i 87 111 97 177 149 i 131 i 174 ; 138 ! 172 147129 , 63 85 i 98 139 152 i 183 ! 179 i 198 ! 225 217214 107 108 ! 114 164 152 i 159 : 150 : 153 162 165

1,174' 1 ,218, 1,202! 1,284 1, 300 j 1, 330 j 1,336' 1,313; 1,283 1,242 1,182

118 101 i 111 106 101 i 147 ! 100 118 115 93 181i 118 138 112 97 101 1 139 i 106 ! 116 ; 133 73 122

! 6. 0 7. 0 . 16. 0 7. 0 9. 0 : 5. 0 6. 0 7. 0 23. 0 13. 0 22. 0; 13 16 ' • 15 22 21 29 | 18 18 , 10 23 13

i 35 42 43 ! 48 1 51 52 i 40 37 \ 36 37 39; 63.0 68.0 71.0 81.0 ' 85.0 89.0 i 79.0 67.0 i 70.0 61.0 69.01 13 14 ! 17 18 26 27 18 13 j 12 12 16

: 17 18 17 '. 22 20 26 | 24 ! 27 1 24 26 18

! 24,765 ! 34,207 j 53,091 63,343 ' 56,456 45,686 : 32,956 41,015 47,092

14 073 15 411 ; 17 335 ! 25 830 33 439 35 903 33 951 9° 098 ' °° 976

90.7 90.7 90.7 91.7 91.7 91.7 91.7 91.7 91.7 92. 3 : 92.394.0 91.0 9 4 . 0 . 94.0 94. 0 i 94.0 94.0 94.0 94.0 9 4 . 0 ' 94.0

102.9 102.9 102.9 102.9 102.9 i 102.9 102.9 102.9 102.9 102.9 i 102.992.3 92.3 92.3 92.3 92.3 i 92.3 92.3 92.3 92.3 92.3 92.3

89.0 90.8 91.5 93.3 96.7 98.2 99.9 100.1 102.9 104.2 105.3

2 87 77 81 ' 80 89 ; 95 95 ! 95 97 98 ! 103: '. ' \ i [ !

76.1 71.6 68.7! 63.0 84. 9 j 73.5 87. 7 ! 97.3 96.8 66 .3! 91.22 79. 3 82. 9 84. 2 82. 5 81. 8 ' 79. 5 • 78. 6 ; 79. 1 80. 3 78. 6 76. 1Digitized for FRASER

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

Page 37: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 19311 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

35

Earlier data for items shown here mayhe found in the 1931 Annual Supple-ment to the Survey

1931

March i F^!™- Jannarj

1030

LE \T1IER PRODUCTS -Continued

Hideslmpoitc -

Calfskin- thous of Ibs. _( rttlehiik> .thous of Ibs .Uoat^kms tboii^ of hV .Sheepsl ins _ .. _ ._ _ _ t h o i H of Ibs -Total, h des ^nd skms_ .thoub of lb^._

luipd red ^1 aiJUu of l ives tockC uiada -

( a t t ic and L r > i \ e^.lhous ofanmnK,.>>\, ipe - - - - - - - thous of I 'um tK .vV'eep tl ioi 'b of in in id l^

Uni ted -M ite--< \ t t f l e - -- ,-thous of inmnlo--{\d\e-. t i U i U b of j mm lib->\» u , i»_ . _ thous ot m nials..

Packois, h r < \ - \ , niLve -><eers (Ch c<>go)dolh pei Ib

( 1alf jkms, \o 1, c o u n t i v (v h ( v o)_ „ _ - _ . _ dolls pei Ib

(" i . f - sk -n , \u 1 l o u n i ' x (C lucigo)lei to 1926

S ( ' > ( ks e id of monUi( If cu"l k .psk n-, thou* o f lbsCattle hi IPS _ - . . rhous of IbsShe t p and lairb ^k ns thou^ of lbsTotal iudco ?ad skins . -thous oflbs

Leather -Raw

Sole and belting:K>" ports thous of SQ ftPrice, oak, scoured backs (Boston)

...1 dolls, per lb__Price, oak, scoured backs (Boston)

_ - - , .rel. to 1926Production —

Sole oniv.thous. of backs, bends, sides..Sole and belting thous of Ibs

Stocks, end of month —Finished - .thous. of lbsIn process of tanning thous. of Ibs. _

Upper leather:Exports ... .thous. of SQ. ftPrice, composite, chrome, calf, black "B"

grade i dolls, per sq. ft . .Production thous. of sq ftStocks -

Finished _ _ thous. of sq. f t _ .In process of tanning_thous. of sq. fL

Leather— Manufactures

O loves cut do?en pairsShoes:

Exports _ thous. of pairsPrices, \v holesale—

Men's black calf blucher (Boston)dolls per pair

Men's black calf blucher (Boston)rel. to 1926

Men's dress welt tanned calf, oxford,(St Jjonlf-) dolls per pair

Men's dress welt, tanned calf, oxford,(St. Louis) rel. to 1926,,

Women's black kid, dress welt, lace,oxford dolls, per pair

Production-. thous. of pah's

IRON AND STEELGeneral Operations

Xew orders rel. to 1923-25 ...Prices, wholesale-, ..rel. to 1926.-Production index (Fed. Pies. Bd.)

rel to 1923-'? 5

rel to 19'?3-25Stocks, manufactured goods, end of month

rel to 19?3-r>5Unfi l led orders, end of mon th rel. to 19^0-25

OreIron ore:

Consumption thous of long tonsImports _ . thous. of long tonsReceipts —

Lake Erie ports and furnaces- _ _ .. ...thous. of long tons

Other ports thous. of long tonsShipments from mines

-. thous. of long tonsStocks end of month—

At. furnaces thous. of long tons.-On Lake Erie docks

thous. of long tonsTotal thous. of long tons

Manganenese ore;Imports thous. of long tons2 Revised

3.337 i4, 404 16, 160 i4,453 |

19,616 !

101 !172 :

27

690 i471 -

1,488 1

1, 193 i

.092

Go. 5j

. 135

77 0

1 442

.370: 84.4 '

i 8,752 i

! .356

• 191 120 i

i 177 !

i ]05 5 !

j 4 60

! 95. 0 !i

\

75 •

108 1 i

146 2 !

2 g26 i' 163 '

Q106 '

I ir.a \' 1/0 !

•| |23, 292

• 5 430 'i 9§ 722 '

1,449 ;6,867 !6,292 i3,280 i

19,468 !

85 '154 !

32 i

635 ;

416 i3,5231,321 i

.090 :

6 1. 1 ;

.128 :

73. 5

23, 132

3 1. 1682.sO, 182 '

949 i

.370 I

84.4 J

98418,219 i

88,044 !

71, 122 |

9,347 *

.352 !61,515 i

261,057 !127,867

175 988 i

185 ;

6 75

105 5 i

4 60

95.0 :

99 155 i

74.388. 1

78

119 4 l

\145 7 '•

69 6 i

2 335169

25,751 i

5 76531 516

2 1,1074, 1493,9912. 890

13,417

5816132

559353

4, 1421,223

. 073

52. 1

.117

67. 1

2i, 1042-35,315

:J3, 172282, 591

713

.365

83.3

95117, 386

90, 32172, 488

7,700

.35454, 700

264, 392128,967

158 485

130

6 75

105 5

4 60

95. 0

23,971

59. 988.4

73

116 5

141 168 6

95

28, 247

6 Oil34 258

10

1,6705,1865,863 :4,040 i

20,211

6916637

651379 ;

5,3621,426

. 095

67.7

. 125

71.8

26. 707235,61933. 29C

295, 652

726

.381

86.7

1,08719, 559

91, 82773,2<U

9, 133

. 359

282, 079129,513

162, 388

130

6. 75

105. 5

4. 60

95.0

19,889

66.988. I

61

103 4

141 771 6

2 350150

30, 430

6 19036* 620

17 i

1, 7226,781

3! 31 320,471.

17053

692398

4, b 471,426

. 107

75. 9

. 144

>>3. 0

237^ 39234, 1>9

299, 134

1, 128

. 400

91.3

1,22621,993

90, 87874, 135

; 8, usj . 367! 54, 459

i 2S9,0921 131,633

157, 079

i 208

1 6.75

105.5

i 4.72

97.3

3 6617, 537

70.988. 0

59

110 2

146 476 3

2 399176

32,618

6 3S138 949

29

2, 2026. 7815, 1671, 965

18, 207

7816898

605324

4,0241,305

.118

81.2

.156

89. 7

28.221227,6173i ,3fb

290, 236

825

.410

93.5

1,07118, 777

86. 33177, 485

7, 451

. 36753, 658

279, 023133, 357

236, 263

270

6.75

105 5

4 85

100. 2

4 9518, 541

2 58. 088.3

65

106 5

146 169 4

2 64074

1 634993

J , 988

34, 761

6 46641 927

10

3, 2646, 8887,2682.821

21, 512

97160185

836438

3, 4921.727

.133

94. 8

.172

99. 2

2(5, 972227, 099

34, 5 162^8,617

691

.410

93.5

1, 33323, 418

84, 03678,815

9, 838

. 3/265, 339

270, 902137, 513

236, 911

269

6. 75

105. 5

4 85

100. 2

4 2527, 731

2 67. 888.6

196 0

147 167 4

3 050186

4 Oil1 675

5 531

34, 750

6 34°41 092

18

2, 83512, 7436, 8073, 289

27, 598

84140114

760374

2, 7731,591

. 146

103. 8

. 165

95. 2

25, 536218,41635, 490

2:9,472

673

.440

100.4

1,33023, 137

81, 56980, 895

8,813

.37263. 304

255, 787141, 495

219 548

256

6 75

105 5

4 85

100. 2

4 2529, 334

70.789.5

86

110 3

145 367 9

3 282215

4 7211 891

6,488

32, 323

6 04338 366

°2

1, 40311,3898, 0754, 460

26, 681

12479

700363

2, 7241,413

.136

96. 7

. 161

93. 0

27. 1%212,9X036, 079

374

.460

101. 9

1,31623, 223

80,01884, 367

8,367

. 37161, 477

254. 020143, 063

241,146

263

6.75

105. 5

4. 85

100.2

4 252*, 429

74.490.1

93

112 0

143 370. 5

3,673178

5, 5862 492

8, 252

29, 397

5 54134 938

|

1,29511,5047, 4556.219 ,

27, 960

8112756

710375

3,1871,411

.141

100. 1

.165

95. 2

217,' 30234, 087

279, 111

640

.460

104.9

1.36523, 894

76, 86385, 953

7,287

.37162, 016

259, 561150, 287

209, 873

256

6.75

105. 5

4.85

100.2

4.2524, 121

86.190.7

93

109. 7

152.878.3

3,838251

6, 3462, 515

8, 587

25, 493

5 02230 515

16

3. 50513,99210,016

37^ 407

si15936

654350

3, 6891, 295

. 152

108. 3

. 175

100.9

30, 03422 L, 209

32, 1232SC». 666

819

.440

100.4

1,31023, 542

74, 79977, 946

8,765

.37160, 544

262, 621141, 506

237, 377

257

6.75

105. 5

4.85

100.2

4. 2523, 904

84.091.7

110

115. 2

148. 177. 5

4, 288292

5, 7552,697

8, 650

21, 087

4 61325, 700

31

5, 720 i26,83912,271 !

6, 284 '54,900 ;

1

108 i174 ,

23 i

690 i421 :

3,823 i1,370 i

. 143 ;

102.0 ;

.169

97.3

30, 006

228, 49281,523

6G9 !

.460 j

104.9 i

1, 31024, 355

72, 72485, 495

11,481

.37160, 699

255, 738141,190

240, 495

302

6.75

105. 5

4. 85

100.2

4.2521,512

2 95. 992. 9

111

135.1

154.079.5

4r 715291

3,9872,100

6,979

17, 072

4,25321,325

30

2, 81531, 0077, 8276, 186

50, 966

10016227

635455

3, 4801, 387

,140

99. S

.159

91.4

25, 5382 is, 530

26, 218270, 286

450

.470

107. 2

1,33224,854

69, 80585, 760

8,684

.37263, 027

256, 155138, 975

251, 140

175

6.75

105. 5

4.85

100.2

4.2529, 001

103. 893. 8

HI

138. 3

152. 387.2

4, 576313

10None.

108

15,950

4, 33520, 285

26Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 38: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

36 SURVEY OF CURRENT BUSINESS

IVIOMYHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here ma:/be found in the 1931 Annual Supple-ment to the Survey .\pril

IRON AND STEEL-Cor.timied

Iron—Crude

urn; M. rch ! ™>™- : gust

Malleable castings:\ e\\ order*5 short tons 3Operating aeth ities.-.pei ct. of c'lp-ieiU ..Production .. short tons 3Shipments __ _ . .short tons. 3

Pig-iion pioduction:Canada . . thous. of long tons..

Merchant furnaces tho'is. of long tonsUnited States, total. ..thous. of loni : tons--United States total ici to 1923-25

Pig-iron furnaces in blast:Furnaces, end of month ... number. _Capacity, end of n onth lo;u toii6 per day.. G

Prices, \\ holesale:Basic (valley furnace) .dolls per long ton..Basic (valley furnace) iel. to 1926. .Composite pi'{-iron._.cdolls. per long ton..Foundry, Xo. 2, northern

(Pi t t sburgh) .dolls, per long ton..Foundry, No. 2, northern

(Pittsburgh) rel to 1926

Iron -Manufactured Products

Cast-iron boilers: :Gas-fired boilers— ;

Production.. ... thous. B. t. u .!Shipments thous. B. t. u . . i . _ _Ship nents dollars..Stocks, end of month mills. B. t. u .

Round boilers — . ,New orders thous. of Ibs _ iProduction thous. of Ibs.Shipments ... ...thous. of lbs . . ! .__Stocks, end of month . thous. of Ibs .

Square boilers — <New orders thous. of Ibs.-i...Production _ thous. of Ibs JShipments thous. of Ibs.J...Stocks, end of month thous. of l b s . J _ _ _

Radiators:New orders thous. sq. ft. heat ins: surface JProduction thous sq ft heating surfaceShipments. .thous. sq. ft. heating surface-.:...Stocks, end of month i

thous. sq. ft. heating surface.. L._

Steel— Crude

Prices, wholesale: ;

Composite, finished steeldolls per 100 Ibs

Iron and steel composite ;dolls per long ton

Steel billets, Bessemer(Pittsburgh) dolls, per long ton..

Steel billets, Bessemer (Pitts- iburgh) rel to 1926

Structural-steel beams (Pitts-burgh) . dolls, per 100 Ibs .

Structural-steel beams (Pitts- ;burgh) rel to 1926

Sheets, black, blue, galvanized, and full fin-ished: \

New orders . net tons.. ...Production —

Ratio to capacity percentTotal net tons.. ...

Shipments net tons •Stocks, end of month— :

Unsold net tonsTotal _riet tons .

Unfilled orders, end of month. ..net tons.. ...Steel castings:

New orders —Total short tons . 1Miscellaneous . . ._ short tons 2Ra ih oad specialties short tons.. 1Ratio of total to capacity per cent..

Product'on —Total ... . . shoit tons 4Miscellaneous... short tons 3Railroad specialties _ _ . .short tons iRatio of total to cand,ci(\ ...pcrc'iit .

Steel ingots, production.Canada thous of long tonsUnited ^tatc-, tot il.. thous ot lone tons .I intod Mates, to ta l -iel to 1923-25 _Ratio to capacity per cent

U. S. Steel C oiporationEarnings . . ___ ...thous. of dolls . ..1 nfilled oiders, end of

month.. .. . _ thous of long tons\ ri filled oidet-% end of

month re!, to 1923-25 .

6 3s4 2 34 33136 6 2 3D. 9

), 350 2 35, 2107,909- - 36, 6.7

54 57404 356

2, 020 2, 03267 6 68 0

113 116J, 980 67, Hs()

16. 50 16. 5089. 0 sy. 0

16.75 ' 16.72

IS. 76 • is. 26

91 0 8.s 6

?10. 5S4! 95,761i <H,211i 916

---

2 22 i 2 23

"31 61 i 31 66

30.00 30.00

85 7 ' 85 7

1. 65 : 1. 65

84 3 i 84 3

i 210,310

1 61 ]i 221. 322

20^ 207

89 3311X9,911

I 383,280

1,671 2 4S, 159:>, 667 - 37 ] 17G, 004 -1 11,012

31 i 33

S 2Js 2 1* 7301,139 M.,51'1

2,759 - 14.21133 - 3'J

91 < > * »

7s 7 2 86 < >19 - 54

. . . 7 191

i, S'/S 3 995

X I . 6 t 83 7

3'7 560 3° ( )7(>34.4 31.5

33,5s; 31,26732, 663 31 , 536

46 3*5317 292

1.707 1,71457 1 57 1

10s1 1 10261,850 57,361

16.75 17.0090. 3 i 91. 7

16. X2 16.94

lx. 51 18. 76

89 8 i 91 0

ITS '»4 163 3l<0114 193 °S 397116, 1X6 ' 92, 702

797 ' 721

6 41?1 109

1 1 72451 997

11, 50014, 6X9

, 12,0x2| 117,622

6 267(> 9616, 0 )1

' 43, 613

2 <>2 9 2°

31 65 31 70

30. 00 30. 00

85 7 85 7NX / | XO. t

} 65 i 1. 63

84 3 ' 33 0

168 5(.4 1 1x0,863

57 9 | 41 1192, 218 i 167. Sf, l179 1 is ' 170 379

o) 0}7 i ^7 4%181,611 i ISO, 2S1313,439 1 360,479

40, 292 46. 81031 lit. 39 0929,136 11,718

2-s 32

49 .VO ' 16 2°135,610 35, ',5113,910 10, (14?

34 \ 32

- 2. 102 2 .), 4 -,9* 72 4 i - 71 1

49 1,>

6, l.V> i 6. l l s

'3. %5 i 4. 132

83 0 , 8'. 1

9fj 433 27 11131. 1 27. s

30,131 27,11427,471 2 5 , 9 / 4

3S 16396 375

1,666 ] , x ' > 75 1 x 6'1 1

95 i 10751,330 ( (50,20")

17.00 1 17.0091.7 ! 91.7

71.01 i 17. 141

is. 76 , 18. 76

Cli 0 i Q! 0

si. 39</ \ xi PS221,771 J 149, 107181,('6() ' 202, s^ i

621 , 719I

7 193 9 4'il' 61 1 1 9107, 1 U i 10 041

M 657 13 6x{)

17, 72 j 21,37710, 817 P blS1n, X37 21 480 i

109,835 11", 313

7 171 9 0x91 097 i 4 7916, x66 9, 118

38, 702 41,420

2 19 i 2 20

• 31 7Q , 31 95 1

; 30. 60 ! 31. 00 ;

87 4 ' 88 6

i 1.60 i 1.60

81 7 ! 81 7

2 53, 2S9 1 T) 6S2

3'l 8 43 6111, 121 14S, 150141 010 US lx9

83 629 96 MS181, 190 Isl, W)37S, 60i ' 291,282

49, 3>7 4s, 12330 131 , 31 (PS19,256 16,491

34 33

1C) 2f-0 44 2( 032.093 32,44514. 197 l l . x l l

32 31

56 i 72- l . ' K O - J 212

-' 57 3 - U 038 [ 44

4 191 7, H<>

3. 944 3. «,40

X2 6 , 7(. 2

£ > 4 17129. 0

2S, 7^529, 206

40

2, 165

11165, 96)5

1 7. 0091. 7

17. 30

I X SJ

91 6

2"0, OO1

319 20644', 101

8X 5

8, 2(«117,77159, 131

33, 7602 3, Obx39, 1 58

121, 660

11,2201 812

45, 626

2 ?2

32 31

31.00

88 6

1.60

81 7

r.s, 70010 6

19^,931193 116

91,0211X9,213

45,51232, 34413. 208

32

4 3, h4u11.682

41

652 2 , ( > ' H

- 77 950

10, 943

3, 482

72 9

°6 ^5127.2

26. 52829, 223

49407

2,27776 2

123

17. 6094.9

17. 79

9. 56

94 9

286 748> > 1 266

396, 7X8940

11 8940 PI

12 1626x 1x2

32, 21915 92031 591

140, 50x

11 3104 643

10, 347

51 964

9 94

3° 67

31.00

§q 6

1. 60

81 7

211,414

18 8179, 9281X6 f>39

88 363181, 791388, 599

49, 5423x 3(>411 148

34

61 9194 1, OU(>17,82*

43

^ 2. X40-' 82 2

11,515

3 424

71.7

25 1Q926. 2

25,61431,845

5132, 524

84 5

13980, 620

18. 0097. 0

17.99

19. 76

( < 5 8

268, (.613ol, X61430,361

949

4,6038, 7 36

72 967

22. 27110, 06624, 178

155,184

8,9331 3669 520

57, 560

9 9(>

33 01

31.00

88 6

1. 65

84 3

14X, 969

48 6173,916205 774

S > 311182, 240373, 118

50. 37035 08515, 2s 5

35

61 3031! 57520, 72x

45

5(2 ",. 061

- XX 559

13. 090

75 ,0

30 06831.0

30,91132, 656

65564

2, 6408X 4

14483, 645

18. 1097. 6

18.22

19. 86

96 3

2x^ 710160, 317181,4x5

1 032

6 9754 7037, 266

76 X61

17, 40f>11 3761 8, 269

170, 941

7 23"1

4 ()(j77, 117

62, 662

o 29

33 95

31. 00

88 6

1 . 65

84 3

207, 400

50 41 86, 206]()4 707

8> 70S202, 6S24 32, 29S

57, 85043 14014,710

40

7x 97752. 91620. 061

68

56

1 3. 4X0

4. 022

xi J

33 86140. 3

39, 34743, 937

66630

2, 934MX 9

16092, 590

18. 5099. 7

18.' 55

20. 26

98 3

567, 022260, 123312, "50

9P>

6 V 747, 103f « , U2

79, 60"

I f ) , O i l14,4^311, 3X1

177, 376

1 8736, U4

65, 034

2 33

33 53

31. 00

8S G

1.70

86 8

187.412

!» 8201, ()71312 930

S 3, 9s8200, 1X9431, 324

61, 16447, 45013, 714

42

90, 79558. 00232. 793

63

952 3.419

2 98. 96X

14, 377

3. 968

83. 1

47 0°->53. x

53, 50255, 656

si619

3. 23310X '?

180103, 425

18. 5099. 7

IS. 6*j

20. 2f,

2 i l 027

iV4 '^'o

s f >s- S,JS

~s MIX

11,017

i l ;4 l)

177,674

7 63 (».,017

05, 309

33 84

32.50

9° 9

1 . 80

'") i Q

20 f , lv)

274. 2^0>(,(, 4-u_>

x 1 5 v>204, 7024M.756

91,07749 0°642,051

63

104 ;,X4

13! 34173

9!)

16, 571

4, 059

s5. U

54 (P563. 1

61,98460, 870

0173, 182106 5

m183

104, 770

18. 5099.7

18. 75

20. 2G

98 3

169, 0x625't, 44232 {, 134

7 16

1 98x9 9H

76 232

8,92321 9889, 4 , 3

173,605

4 4117 89s4, 25d

62, 747

0 39

34 48

33. 00

QJ 3

1. 80"

91 9-

300, OXG84 0

30x, 9xs>\) 1 (jQ 1

XI 67120\ 374520, 827

92, 98757 53035, 457

61-

110 692

45! 463

103-' 4. 1092 118.9

16,114-

4, 354.

91. 22 Revised.

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

Page 39: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1031] SURVEY OF CURRENT BUSINESS

MONTHLY BUSBNESS STATIST I OS—Continued

37

.Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

IRON AND STEEL— ContinuedSteel— Manufactured Products

-Furni ture . Me^l :Business jrroup -

New orders thous of dollsShipnii ' iit , .- thous. of dollsT nf i l l ed orders, end of

month thous. of dollsShelvm;.' -

Xe\v order- thous. of dolls..S h i ' i M i e n t s thous. of dollsI n f i l l e d orders, end of

month thous. of dolls . _Iron, steel, and heavy hardware,

sales... . rol. to Jan., 3921..

April

3 ,437

3703x7

370

Iron and ste.'!'Exports ... lon<i tons.. 101. OS L

r *A Import . - long tonsLock washes, ^ ! i i ] > m c n i s thous. of dolls. -Steel barrel-:

Product i'ii ' barrelsRa t io to capac i tx ... . ...percent..Shipments barrelsStocks, end ol mouth. ._ .barrels .Unfi l led orders, end of

month thous of barrelsSteel bars, cold f i n i s h e d . shipments. short tons..Steel boilers, new orders:

Area thous. of sq. ftQuant i l v number

Steel p la te . Inbnented , new orders:Total . short tons..Oil storage t a n k s short tons

Structural steel , fabr icated:New orders

Computed total . short tons..Ratio to eapacib ... per cent..

Shipmenls -Computed t o t a l short tons..K a t l o to capucit v_ per cent ..

'\ rack work, product ion short tons

MachineryElectric hoist-:

New orders -Q u a n f i t v no. of hoistsValue dollars. .

Shipments dollarsElectric overhead cranes:

New orders ihous of dollsShipment^ thous. of dollsUnfilled or tiers, end of

month ... .. thous. of dolls .Foundry equipment :

New orders rel. to 11)22-24Shipments rel. to 1922-24Unf i l l ed orders, end of

month - .. rel. to 1922-24..Machine tools:

New orders rel. to 1922-24..Shipments rel to 1922-24I'n fi l led orders, end of

month rel. to 11/22-24Oil burners:

New order no of burnersShipments _ no. of burnersStocks, end of month. ... no. of burners..Unfilled orders, end of

month .- ... .- no. of burners..Patents granted:

Aur i cu i t u r a l implements . numberInternal-combust ion engines numberTotal, all classes __ ... ...number--

Pulverized-fuel equipment :New orders, central s > s i e m —

Furnaces and ki lns .no. of pulverizers. -Waier - tub i - boilei>,no. of pulverizers. .

New orders, u n i t sy.slem -Fire-tube boilers. _ .no. of pulverizers..Furnaces and ki ins .no. of pulverizers .M ur ine boilers... .no. of pulverizers. -Water- tube boilers.no. ( t pulverizers .

Pumps:Domo'Uc shipments —

Pitcher, hand, and wind-mill . ... no. of units

Power, hori /ontal tjpe.-.no. of units. _Steam, power, and centrifugal--

New orders.. thous. of dolls 'Shipments thous. of dolls.Unfil led orders, end of ,

month . thous. of dolls ,Stokers, mechanical, sales: '

Pow er _ horsepower-Q u a n t i t v ._ number

Water-softening appaiatus, ship-ments no of units

Watu'-s>sieiiK-, shipments no. of units..Wood-working machinery:

Cancellation- thous. of dolls. .New orders.. thous. of dolls..Shipments thous. of dolls.Slhpments.- ._ no. of machinesUnfilled ordeis, end of

mom ii thous. of dolls

38 702179

591 39M41.9

6(,0, 56650, 328

1,19525,141

825

7 74 )

293, 60073 4

1 47, 60036 9

S 564

314140, 500113, 1(54

416

1, 420

6.». t

380 10 i

238

5, 5175, 229

10, 060

1,395

676s

4 , 3 ( 5 7

None.2

11

None.9

24, 255 i2,115

1,075 !918 !

2,761i

18, 723 i65 ;

78: !7, 638

10484451356

51S

ia

March

2 1,521- 1 591

4164 JO

387

123

10'.). 5 1233,044

177

5511, 5 339. 9

55 4. 33259, 495

1 , 25325,011

" 665

31,056>> 53s

2 184,4002 46. t

-' 153.2002 37. 88 941

297134,316166, 438

671261

1, 552

174. 472.9

334 6

11892

225

4. (5084. 2268, 51;3

1, 107

(57(5X

4 789

None.

None.J3

22, 767667

9501, 036

2, 616

17,99363

8516, 305

16527545400

479

;*i

Fobru-ury

1, 5093 59X

844

37535(5

407

304

91,21220,513

363

450, 13433. 3

449, 4s.-)(53, 244

3, 392

622516

24.43S3 5rt5

- 3 5S, tOO39. 6

-' 3(56.40!)2 41 .66 391

219322,047111,727

268530

1,207

54. 755. 4

°3 5

8473

204

2 3, 7082 3, 5042 8, 762

447(5

3 715

3None.None.

2 32, 9022 1, 657

765873

2,717

14, 24967

7032 5, 434

13474491421

502

3,79S1 79X

1-33

37(53' S3

38S

130

31. 70(5340

>- 421.X 1 4- 32. 6

427. (522• (»2. 5.)5

1.4242 3 , 9 4 3

5775!'S

!«>:. too40. 6

172, 00043. 0

400

134,' 472

423496

1 407

65. 354.7

°4 6

67

179

3. 748

8,' 571

523.

4358

None.

6None. 'None.

' X

- 24, 873- 1, 564

773718

2, 826

25,102 '85 '

753 '2 6,010 '

94X6383400

3 , 5(551 800

932

40s

405

1 23

I 24.'33X| 315

4 1 2. 2s i30. 3

406, 327' ' 68, 303

3.43715, 747

5s 7S3t

26. 7^7i 5 j ] s

1 52, sOO

JOS, 400L'. 3

5 174

2311 12(5,592j 306,459

302671

3,517i

59. 8302.6

89 3

i 6985

203

; 5, 026i 5,025

8. (504

725

5867

None.None.

None.3

None..3

2 23, 0562 1,325

1.0471, 205

2 812

11,72(553

6452 5, 177

21470500529

467

Novem-ber

1 , '5373 673

1. 368

42945s

63 J

339

3 3 3 . 9 ( 5 834, 572

3 19

497, 53936. 5

500. 4092 (52, 447

35. 456

709

33. 151

151.20037. 8

195.2004s. 8

4 °1°

267322, 1361 15, 849

370587

3,864

45. 376.5

3 24. 9

60

230

6,8617, 8558.319

724

5254

3 0°3

None.None.

5

None.15

' 21, 5622 1, 238

9671, 116

21, 10371

7322 6, 401

16459506442

520

October

1.8551 901

1, 203

534ot-3

661

131.S5029, 730

153

616. 32344. 3

619 55X-'.5.317

20, 521

8523. 3S9

30, l '»74 " 3 S

20.), 200

239, 20059. S

259143,635137,608

1, 948

50. 062. 0

159. 1

SO103

238

18,15238,5808. (577

1, 714

4149

9 £7J

None.None.

None.2

None.10

2 26, 9172 1, 992

1,0271, 167

3, 124

38, 27692

7382 7, 522

17605564441

636

Septem-ber

3.S79

1,249

5! 24J7

720

365

131,213

~"l60

564. 92740. 3

5(55, 2042 0\ 754

i . O J l19. 338

1,2' ,23 ,251

4 3 , 0 6 ( 5j i «,[(]

155.600

243, 200(50. 8

274349,861140, 598

634942

2, 124

93.066. 0

170.8

1369(5

268

36,4573 7, 03610, 304

2. 146

4335

2None.

63

24

2 36, 8342 1, 881

1.2121, 183

3, 267

42, 899128

2 8, 202

17648536488

588

1930

August

1, 7881, 985

3.331

526

704

161

351,23527, 40S

173

553, s 4239. 6

552, 2(55-' 69,031

1, 13 i3 9, 086

3, 3571,371

36, 51330 056

252, 00063. 0

2(52, 40065. 6

6 X1 ' J

283124, 737145, 979

522729

2, 527

85.282. 6

340.2

114320

223

11,58131,35411.940

2,725

302 4 "3

1None.

33

None.4

2 38, 9022 2 378

1, 3621, 367

3, 259

29,988115

7742 9, 220

1241;8606694

470

Jtily

1 . M I1, S12

3, 528

(504

736

1(52

131,77231,849

3(51

632.333

621,0912 (57, 454

1,29619,241

I. 4103, 309

3s, 283

270, 00067.5

274, 800Ox. 7

8,774

263152, 859177,384

6011, 005

2, 706

IX). 6136. 1

139. 1

91328

235

9, 3309, 593

33,857

5352

3, 452

None.1

None.32

2 37. 7192 2, 388

1,3591, 338

3, 257

37, 761150

7822 9, 699

733821624

593

June

2,0072, 168

1, 492

(599705

74C-

167

159, 39234, 755

228

651,5594-'i. 1

638, 35s76, 232

1, 29027, 388

3,5ss1.3(50

41,774

253, 600(.3.4

2sO. 00070. 0

10, 553

^ 338

206,' 634

3, 249

302. 13(50. 5

JOO. 7

326376

282

7, 9277, 623

32, 363

K)9344

7,670

None.1

None.

( 535

2 26, 611- 2, 885

1, 2911, 644

3,250

47, 803151

7522 10. 375

1083(5913615

705

May

2,3302 ,342

1,651

725

754

ISO

196, 32046, OS

290

731,0s752. 1

736, 147(53,031

3,45733, 010

3 , 3303 , 2S3

3\ 32sIP 4!; ")

279, 200t>9. 8

2(55, 200( 5 ( 5 . 3

12, 799

380197, 440210,022

596&80

3, 490

149! 4

179.3

135197

355

9, 8358, 378! 1,221

49

3, 932

3

None.

30

2 36, 2982 2, 495

1, 5351, 641

3, 605

31, 95696

1. 2792 11, 120

11779723577

785

April

2, 5242, 427

3,680

796815

782C

183

208, 64045, 358

310[

769,06156.2

766,63768, 091

3,53838, 557

3 , 0703.017

45, 454

222, 800

28 4, 00071.0

13, 508

482245, 700231,681

882825

3, 739

122.8217.4

291.0

379234

407

5,' 8718, 555

1, 000

(5073

4, 645

1None.

38

None.39

2 3 1,0332 2, 261

1,4671, 558

3,. 722

35, 903108

1, 5542 9, 710

31716

1,026603

7632 Kevised.

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

Page 40: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

38 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

IRON AND STEEL— Continued

Enameled WareBaths:

New orders no. of pieces,.Shipments no of piecesStocks, end of month no. of pieces..Unfilled orders, end of

month . no. of piecesLavatories:

N ew orders . no. of pieces. _Shipments no. of pieces _ .Stocks, end of month no. of pieces..

Miscellaneous sanitary ware:New orders __ .no . of piecesShipments.. _ no. of piecesStocks, end of month no, of pieces..

Sinks:New orders no. of pieces. _Shipments no. of pieces..Stocks, end of month no, of pieces..

Small ware (except baths):Unfilled orders, end of

month no. of pieces . .

NONFERROUS METALS

General Operations

Prices, wholesale, metal and metalproducts __rel. to 1926..

Production inde* (Ted. Res.Bd ) rel to 1923-25

Production index (elec. energyconsumed) rel. to 1923-25..

Stocks, end of month. _ _ . rel. to 1923-25..Stocks, raw materials, end of

month rel. to 1923-25..

Haw Materials

Babbitt metal consumption:Direct by producers thous. of IbsSale to consumers Jhous. of Ins .Total apparent thous. of lbs_.

Copper:Exports short tonsDomestic shipments, refined__short tons..Prices, wholesale, electrolytic

(N. Y.)_ dolls, perlb..Prices, wholesale, electrolytic

(N. Y.) rel. to 1926.,Production-

Index (Fed. lies. Bd.).rel. to 1923-25..Mines... short tons..Refined (N. and S.

America) . short tons..Smelters short tons

Stocks (N. and S. America),end of month-

Blister short tonsRefined short tonsRefined rel to 1923-25

World production, blister short tons..Lead:

Ore shipments—Joplin district .short tons..Utah short tons

Production, refined - .short tons..Production (Fed. Res.

Bd ) rel. to 1923-25Price, pig, desilverized (New

York) dolls, per IbPrice, pig, desilverized (New

York) rel. to 1926Receipts in United States, ore.short tons..

Tin:Deliveries (consumption) long tons..Imports (burs, blocks, etc.) long tons..Price, wholesale, Straits (New York)

dolls per IbPrice, wholesale, Straits (New York)

rel to 1926Stocks, end of month--

United States long tons..World visible supply long tons..

Zinc:Ore, Joplin district —

Shipments ._ _ short tons-Stocks, mines, end of month

short tonsPrice, slab, prime western (St. Louis)

. . . dolls, perlb..Price, slab, prime western (St. Louis)

rel to 1920Production _ _ _ _ _ . _ short tons..Retorts in operation end of month

nu mber . _Stocks, end of month short tons. .

1931

April

40,11140, 449

163, 037

19, 987

45, 44043, 221

232,. 277

22, 99521,719

107, 917

52, 77149, 443

273, 154

60, 293

88.7

73

94. 6222.7

131.5

7161, 8442,560

24, 17954, 567

.0939

68.0

7046, 883

100, 50152, 085

193, 876367. 921

325.0128, 677

"34," 81 635, 498

71

. 0441

52.434, 694

6, 6306,126

2512

38. 5

6,21248, 462

. 0372

50.729, 137

29, 072143,212

March

33, 19634, 938

166, 158

20, 325

33, 85136, 642

230, 817

18, 64118,811

109, 508

41,53241,787

267, 828

53, 470

89. 0

77

103. 5219. 9

144. 8

8321, 8292, 661

31, 53674, 685

. 0985

71.4

702 48, 702

102, 05857, 922

198,811354, 205

312. 9136, 458

3, 76235, 49841, 775

79

. 0453

53. 837, 878

6,1206, 986

2707

41. 5

7,91748, 607

17, 1C3

G3,C01

. C4CO

54. 532, 328

34, 221141,493

Febru-ary

28, 04130, 616

160, 851

22, 067

30, 88334, 438

212, 395

15, 78117,768

107, 439

35, 87339.211

259, 442

56, 686

88. 9

79

112.3224. 4

2 130. 7

6871. 8202, 507

28. 94760, 636

. 0972

70.4

7647, 504

99, 85355, 229

203, 224363, 629

321. 2128,685

2, 50846, 90239, 464

82

. 0455

54.035,512

5, 1005, 903

2f'3J

40. 3

5, 86249, 339

25, 389

58, 534

. 0401

54, 629, 562

35, 518144, 389

January

56, 49468, 564

148,. 909

24, 642

71,11393. 870

192,072

29, 78533, 527

106, 152

63, 07480, 095

244, 880

65, 566

89.3

78

95.0227.4

130. 9

7062, OCO2,856

42. 19260! 209

. 0984

71.3

48, 059

102,45853, 429

210, 637363, 827

321.4129, 390

2, 72155, 33143, 405

83

.0480

57.042, 110

7 21 f28,113

2610

40. 0

4, 90443, 619

25, 987

56,013

. C404

55. 032, 522

35, 635145, 076

1930

Decem-ber

52, 25436, 008

167, 932

36, 712

72, 49348, 023

214, 472

25, 09219, 680

112,460

61, 56743, 968

26.1, 800

! 109,086

! 90. 0

85

97.8228. 1

129. 6

6471, 4592,107

32, 20869, 854

. 1030

74.6

7648, 726

106, 36660, 022

218, 799367, 175

324.4136, 252

2, 89648, 70548, 517

92

.0510

60. 640, 462

7, 4956, 659

2527

38. 7

4, 69342, 498

!

1 31,056

47, CCO

. 041C

32^682

33, 640143, 576

Novem-ber

30, 81335, 489

168, 808

20, 466

41. 22747, 078

205,517

21, 45322, 065

108, 795

44, 89751,027

253, 374

61, 005

90. 2

^7

89.6231.1

139.8

7911,9042, 695

37, 77362, 693

.1011

73.3

8353, 141

112,64664, 816

223, 280369, 832

326. 7143,214

3, 96348, 40043, 423

83

.0510

60. 638, 820

6 2706, 470

. 2589

39.6

5, 37240,811

39, 478

49, 441

. 0427

58. 232, 097

37, 492145, 139

October

43, 75048. 547

166,248

25, 142

52, 50958, 273

204, 496

27. 84029, 142

106,858

58, 50461,486

246, 632

74,198

!>0. 4

87. 0234. 1

134.1

1, 0332, 0693,101

30, 71575, 703

. 0960

69. 6

8355, 954

118, 22970, 419

240, 145364, 930

322. 4157, 344

3, 36163, 58450, 402

04

.0515

61.246, 237

7 5805, 929

. 2686

41.1

4, 82339, 676

33, 474

45, 689

. 0406

55.340, 922

41,004143, 327

Septem-ber

41, 79947, 970

162, 302

29, 939

54, 36962, 369

185, 515

28, 44931,485

100, 585

57. 60664, 044

243, 845

84, 246

91.8

°7

97.4223. 3

137.0

1,0421,8502, 892

30, 47865, 169

. 1031

74.7

8956, 584

116,00468, 487

236, 464360, 650

318. 6156, 705

2, 74652. 90748', 491

101

. 0550

65. 348, 354

7, 2505, 523

. 2964

45. 4

6, 32340, 150

32 122

41, 663

. C427

58.240, 470

44, 974134, 835

August

48, 44951, 836

165, 687

36,110

55, 06259. 130

187, 150

28. 36529, 807

101, 920

62! 454254, 426

101,. 720

92. 7

%

95. 2213.4

137.2

9541,9642, 918

33, 14156, 810

.1069

8456, 136

120, 77866, 698

234, 135347, 688

307.1154, 743

3, 67360. 97852, 980

106

. 0549

65.245, 542

5 6955, 979

. 30C2

46.0

7,53343, 805

37, 994

38, 565

. 0436

59.441,012

50, 404126, 835

July

48, 70653, 259

173, 860

39. 497

56, 87563, 895

187, 979

23. 53725, 987

104, 102

61, 76664, 459

257, 039

113,899

94.3

97

95.1205. 4

119.0

9002,1613, 061

32, 42175, 436

.1102

79. 9

8354, 249

123, 17967, 638

242,212322, 039

284.5148, 929

2, 57045. 19451, 538

103

. 0525

62.444, 433

6. 1305. 259

. 2981

45.7

6, 78641 ',950

24, 974

28, 729

. C435

59. 340, 023

46, 030117,724

June

54, 82752, 189

181, 746

44, 050

64. 79262, 337

197,117

27, 15927, 283

125; 505

62, 42461,329

261,633

126, 062

95. 4

96

106. 8203. 6

111.7

1.1702, 7423,913

34, 96071,887

.1205

87.3

8656, 743

124, 82169, 155

253, 834316, 762

279. 8150, 697

5, 97555. 80150, 721

99

. 0541

64.347, 692

5, 8856, 793

. 3C30

46. 4

7, 72842^611

41,819

19, 553

. 0444

60.543, 458

52, 428113, 090

May

49, 37559, 554

180,903

41,412

59. 98472, 1 24

192, 197

30, 87835. 399

132, 146

61,80375, 123

261, 556

122, 636

06.8

101

116.31&8.9

97.1

9333, 1404,073

40, 18675, 760

.1276

92. 5

CO60, 238

132, 18375, 936

265, 106308, 646

272. 6153, 488

5, 10077, 37252,818

104

. 0552

65. 649, 530

5, 7108, 829

.3213

49.2

6, 76739, 771

52, 454

20, 602

. 0464

63.244, 556

52, 072106, 080

April

55, 24360, 072

182,616

51, 591

66, 84274, 800

176, 181

33, 73134. 212

145. 544N

70. 70475', 176

260, 237

R»-»

152,617

98. 8

106

125. 5193. 4

91.5

1,0422, 9944, 036

W24, 79650, 017

.1502

113. 2

r so60, 450

124,53176,777

269, 623301, 338

266. 2150, 595

2, 45064, 96655, 547

111

.0554

65. 849, 388

6, 7808, 209

. 3670

55. 2

5, 68763, 595

27, 214

28, 486

. 0484

65. 944, 335

50. 038100, 205

2 Revised.

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

Page 41: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

Juno, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

39

1931

be found in the 1931 Annual Supple- \rnent to the Survey Apri l

j

NONFERROUS METALS— ContinuedManufactured Products

Electrical equipment:Delinquent accounts, electrical trade.

(See under Distribution movement.)Electric furnaces, new orders, .kilowatts. .Electric goods, new orders (quarterly) i

_ _ _ thous. of dollsElecTrical porcelain, shipments —

( i lazed nail knobs.... thous. of pieces..Special _ _ dollarsStandard dollars .,Tubes thous of piecesUnglazed nail knobs. thous. of pieces..

Industrial reflectors, sales _ _ .... units..Laminated phenolic products, shipments

thous. of dollsM amifactured mica-

Shipments thous of dollsUnfil led orders, end of month

thous of dollsMotors (direct current) —

Hillings (shipments) . dollarsNew orders ... . ... ... .. dollars

72, OC3

633

135

138

Nonmetallic conduits, shipments !..... thousl of feet.-.i 5, 112

Outlet boxes and covers, shipments j.. _ ..... ... _ . .thous. of pieces..

Power cables, shipments. ..thous. of feet.....Power switching equipment, new orders-

Indoor dollarsOutdoor dollars

Vulcanized fiber—Consumption thous of IbsShipments, total thous. of dolls..

Welding sets, new orders —Multiple operation _ _. unitsSingle operation units

Miscellaneous products:Brass sheets rel. to 1920Copper-wire cloth —

New orders thous. of sq. ft..Make and hold orders,

end of month thous. of sq. ft....Production thous. of sq. f t _ _Shipments thous. of sq. f t _ .Stocks, end of month. .thous. of sq. f t . _Unfilled orders, end

of month thous. of sq. ft , .Enameled sheet-metal ware,

shipments . - ._ ... _ _ . dozen piecesPails and tubs, galvanized —

Production dozen pieces..Shipments ..dozen pieces..

Other galvanized ware —Production dozen pieces. _Shi prnents dozen pieces. .

PAPER AND PRINTING

General OperationsNew orders rel. to 1923-25..Production index (Fed. Res.

Bd.) rel. to 1923-25..Production index (elect, energy consumed)

(paper and pulp) _rel. to 1923-25..Stocks, end of month rel. to 1923-25..

Wood PulpGround wood:

Consumption and shipments short tonsImports .. . .short tons _ _Production ._ ... . short tons

j 1, 019

111,875°16 145

! 1, 475432

S169

90.4

299

554340297

1,096

174

112. 0131.2

23, 136

Stocks, end of month short tonsSoda:

Consumption and shipments, .short tons..Pro c hi ct ion short tons. _ jStocks, end of month ..- ... short tons I .

Sulphi te , unbleached:Consumption and shipments. .short tons..Imports short tonsPrice dolls, per ICO Ibs..Production short tons..Stocks, end of month short tons...

Sulphite, bleached:Consumption and shipments. ..short tons..Imports short tonsProduction short tonsStocks, end of month short tons..

Total sulphite:Consumption and shipments.. ..short tons..Production short tons..Stocks, end of month short tons..

Sulphate:Consumption and shipments.. short tons..Production short tons..Stocks, end of month ... _ . short tons

Other grades:Consumption and shipments short tonsProduction. . _. .short tons..Stocks, end of month . . short tons

Total chemical (all grades):Consumption short tons..Production short tonsStocks, end of month short tons..

"30," 724"2. 1 5

March

2, 040

3 181 205

! 1,45878 71052, 599

1,224i 09, 484

I 689

142

110

: 445,83339(5,958

3, 508

1 1, 630

75 303209' 4°.r)

i 1, 975, 484

' 11.177

91.4

; 357

; 330308

, 1, 079

186

312,916

146,438144,637

' 31,542. 29, 579

103. 7

123. 0i 1 23. 4

. 111,22314. 652

< 115,622i 74,138; 27, 660

29, 304j 4, 998

1 8. 79834, 289

2. 3518, 7784, 292

41,54432, 86341,600

6, 686

119,794119,04021,384

35, 22837, 84810, 156

1,1841.188

' 710

183, 866187, 38037, 248

i Febru-: ary

\ 2, 358

; 2, 523> 80 471i 64, 823i 1. 125I 1,380i 08,285

630

; 137

i HIi 418. 228i 450, 2C4i1 3, 667

: 1, 320

04, 730201,344

1.052j 420

4! 130

89. 7

i 309! 530

297304

1,0831 211

289, 205

i 132,781j 120,723

: 34, 347i 28, 142

' 296. 7

109

127.01 128. 6

2 99, 309i 15', 650

2 90, 960i 2 09, 740

: 27, 884! 29, 422i ~4, 024

2 20,490; 50, 271; 2.48; 2 is, 61 oi 2 4,312

244,022• 25 592

2 4 l ! 3302 0, 630

2120,8342115,880

2 22, 1382 37, 0822 39, 3842 10, C96

2 I, 01 621.098

2 7062 186, 816185, 784

2 37, 564

Jan tiar >

4, 599

2, 25380 9"0

: 87, 794875

1. 75205.501

1)05

133

i 105

393, 558680,251

3, 997

1,139

7(\ 052228,802

1. 30!)385

23155

90. 7

404: 574

332311

; 1,097 ,

217 j; 267,232 i: 103,677

133,977

i 23,71625, 958

i 97.2 :

105

111.81 125.9 ;

' 108,280i 14. 394' 107,622j 73,225 '

i 28,51229,102 i4,360

19,65287,600

2.4820,370 :

0,192

44,748 !30.095 :

44,5029,248

127,044120,932 !

28,392 ;

35,148 ]

37,72410,010

2 1, 2582 1,190

2 6242191, 902

194,908 !

243,398 i

Decem-ber

1, 489

208 936

2,00791 50451,010

5221.159

70, 059

551

101

104

500, 105017, 454

2,417

1,678

77. 248178.. 100

1, 421318

13152

93. 6

337

539344309

1, 145

105

250, 568

87, 14068, 898

21,65715,915

85. 8

101

117.0122.6

109. 74027, 024

110, 57875, 498

27,12828,' 5605,118

18,27263, 870

2.481 7, 8605,474

38, 84430, 32238, 698

9, 206

110.830117,15828, 720

33, 19030, 20410,006

9228

177,272182, 01443, 872

Novem-ber

2. 202

1. 83493, 07747, 994

' 8011, 104

115,730

674

132

90

433, 530457, 518

3, 7.13

1, 824

69, 202219,232

1.513359

153

92 7

209

530310303

1, 176

106

263, 305

00, 79868, 330

10, 00121, 290

93.2

103

112.3121.7

110,50221, 770

102. 95774, 600

28,34028, COO4, 930

18,23870, 850

2. 4818,5325,886

40, 63430, 59540, 9389,352

120, 780121,27028, 392

34,11037, 2089, 494

110122

CO

183,340187, 57242, 882

October

: 3, 317

2, 044131.815

73, 0591, 1.501,015

113,316

1,023

150

104

621. 114474,611

4,C07

1 1,6771 1,957

84,100, 342, 771

1.824405

fi200

88. 9

303

000385350

1, 100

199

329, 337

130,900115,185

40, 08441,126

106.0

107

120.0127.4

121.33531,30596 40582, 205

28, 95430, 684

5, 642

22, 31 652. 280

2.4822, 100

5 502

48,11830, 48447,760

9,C48

141,852140, 20427, 896

41,4464 4 , 4 5 4

8, 974

13610848

212,388215, 57C

42, 56C

1930

N^m- August

! 2,860 '; 5,012;?22« 733 1

I 2,453 ! 2,218• 99,570 i 111,029i 65. 581 ' 09, 650)1 ' 334 1, 1401 1.222 ' 1,0051 125, 780 127, 608

1 854 789

141 j 122

, 107 109

i 596,670 ! 7C8,C95! 820,444 ! 719,846

| 4,235 ' 3.397

2,179 i 1,491j 2, 108 , 2. 260

! 118,431 i 121, 030i 298, 354 | 319, 608: 1, 945 ' 1. 828'. 447 i 430

9 .' 8194 221

92.5 i 94.0

299 : 336

533 510384 i 387317 : 353

1,173 i 1.117

241 ! 204

297, 022 309, 645

103,177 103,050116,875 103,354

38,218 1 46,73046,310 ! 43,827

100.5 102.2

109 ! 109

119.3 ! 115.1118.1 ! 117.4

109,800 110,88029,502 i 21,20192.872 ! 97,895

107,075 i 124,003;

28,638 l 28.86830,052 i 29,902

5,248 | 5,166

18.938 ! 19,12252,426 i 00, 198

2,48 l 2.4818,888 ; 19,6085,742 5,792

49,050 1 48,09430,567 : 26,88049,830 ! 48,3409,376 i 8,596

128,936 i 131,454129,242 j 131,38229,484 ' 29,178

38.9CO ; 41,97042,378 ! 44,3748,966 i 8,498

150 174128 ! 188

16 ; 38

190,714 202,466201,800 ! 205, £00

43, 714 i 42, 880

July

5, 899

2, 243133,654

; 08, 483' 782

1, 120i 135,087

88

. 644,252677, 348

i 3, 5C4

' 1.5171, 980

: 130, 559! 451,051

2, 121450

10207

95. 9

378

525373347

1,118

279

213,420

91, 879104, 096

42, 05633, 874

104. 5

111

119. 9112.0

122, 70917, 186

104, 997143, 054

28, 98430, 326

5, 420

18,53057,317

2.4818, 8005, 300

42, 9802 28, 256

42.1308, 250

124,320123,71829, 250

38, 75440, 5629,088

16016024

192,224194,76643, 782

i Junei

| 3, 665

3292 902

1 2, 404j 110, 1'35i 72, 825! 1, 140! 1, 524! 134,783j

925

| 102

1 137

073,415935,040

! 4.C21

1, 703, 2, 033

i 172,180: 360, 584

•' 1, 907541

7228

100. 9

360

505370395

1,107

232

247, 801

89, 98282, 950

40, 64633, 140

107.3

116

137.5112.9

124,90318, 534

140, 6C 3160, 766

30, 00432, 3665,426

19,3982 64, 687

2.4819,4644,976

47,8922 30. 955

50, 0969,200

136, 578137, 76829, 858

39, 06641,290

9, 998

21419624

205, 862211,62045, 306

l May

!;

10,002

1 3, 292111,941

l 80, 308! 1, 2001 2,211! 109,977

| 808

• 195

166

i 770.081| 033,088

| 4, C21

1,5121 1, 930

128. 303448, 8G2

I 2, 144517

1 11 274

1C3. 9

: 378

i 540401359

1, 145

252

290, 617

113,645107, 496

44, 40543, 483

103. 0

119

132.2106.8

130, 29317,432 ,

102,911147,710 i

35,070 i38.532

20,488 ,47,042 !

2.48 ;

21,200 i4,948 ,

52,65225,548 :52,7386,972 ;

146,014 :

146,28028,632 ;

43,504 !46, 13410,296 -

108188 i42

225,362 1231,134 i44,622 !

April

12,458

2. 930127, 29569, 308

9281, 400

107, 040

911

241

178

875, 083931,822

7, 660

2,2182, 308

191,277470, 943

2, 759622

9201

114.5

453

555418395

1,130

220

318,431

131,015120, 552

44, 05844, 270

117.2

121

120. 793.9

132,72820, 034

158,7091 23, 002

34, 97637,8145,838

21,38241 , 021

2. 5522, 090

4, 230

53, 07230,15354,1226,880

144,104146, 79028, 366

44,12246, 7GO1C, 481

15211022

223, 354231,50444,710

'Revteed, « Quarter ended in month indicated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 42: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

40 SURVEY OF CURRENT BUSINESS [June, 1931

MONTHLY BUSINESS STATSSTSCS—Continued

lt)31 i 1030Earlier data for items shown here may

be found in the 1931 Annual Supple-ment to the Survey

PAPER AND PRINTING— Continued j ; I : i I

PaperHo\ l o i r 1

( onsinnpt iop of \\ i te j> pu ^ 01* ton- , 2!0 5'»0 I ' l l m 109 220 102 22') l')0 02 22s 5ss 223 0"! 2 > s70 J>7 59', 2 i ( ) ~93 ' -32 jsl 239 903\ e \ OK ers Miort 'on-- 2 _ i 0 0 IMS 2 )o 211 7S2 | 173 2 >s 200 100 24 7, J/) 22h son 221 S 0 230 3M) 2J) 9( i 2-14 4 ,S 2^ >, 735O t e i l ion t h m s of in ii 1 o ,n> > _ S 175 7 - ! < > 7 "20 ! 0 2<>1 7 114 s i')l 7,907 s 030 7 SO1, 7 Ml ' S *7S s 581< ) } er uoi . }) < t o l i i p u m 00 i 07 i ( i v i >3 1 i 0 > j f S > 09 7 f jS ] 00 9 69 1 7' 0 72 7PLO i > u l ion ^>' , i t ions -20 O t S 20") 7s") 2 1 , < 9 1 170 -si 2 ( 3 381 _ > 3 sSj 22S, 2 >7 224 391 222 7ss 221 „ > _ } ) 1M *J 5 1o7^' ! , > i i i e i t s shot t to'is 22 i 01 20 j 2C2 209 i ',' i ~ > 170 ~02 0 2 { 2 1 Si( 22s , 3 * 224 i ' l 223 27 2- > >>3 > 23s »7 ) 2 * 1 4 58s tocks ent ( i n i o n l h s o i t TO < j 77, > >2 77 ,00) 71 Is2 ' 72 4 >1 71 MS f>0 70) 07. ~J) l > 7 002 hi t >_ (s 201 72, ">2 7'i 905M o c k - o t \ \ s ,on pel en i of i lonth--- '

J n u ns t nd , n - > h i i » j edp u K h e- hot t tons i > i > f l "! , 220 ^4 > I O n 2''2 ,( JM < , o o > )fO -.0 UN i 5 » ) is 241 > i H O > 1 , Q " ) I

\ t i ih 'K s'noit 'ons j i < ) 7 s4h 101 >07 i ( ' 7 ( 0 0 ' 2 ) ! ,07 1-' OS l , t v, K ) ) ^ 0 0 1 s7 (^ 1 ~ > 6 + l s^ J M H > 072 1 I , i 2 >I n f i l l e ^ udeis , cn . i ot moiul . M n t ton^ 40 - ,2 f> >0, vis M 74 i ^ 022 > 31 >7 ^77 • » ! 07s f , 3 Is i > ST, N s , t . 237 Of Sr)-s

\e\\ s] i IM( onsumpt * n , ) v ( t ' l b l ' ^ne

l s1 \po t tN C n d sImpor t s I 71 i e < l M ) t e -P in t roll f o h rn.ll.]'r > ( n i f I ' O T I -

( ,n d i _ . srioi t ' tns 20 1 S3g iS7 ,00) l o f 5 )2 l s 2 i ) " 7 i •% 7 > 201 703 2 H S 7 J ' ) 5 f O _02 0 i , 210 »~sI ni l ' 1s t K ^ + ol il s i io i i ions 102 450 100, »00 ss 7^s 101 "00 00 _70 02 , ,7 i O > 4 0 .»,! 101 ,,()! |02 s 0

p d i e » i t 70 (vS f ) ( ) ' » 00 bs 7- 70 72 73

< n i t i . s h u t ions i ) 7 ' l 3 * 8 , 0 , 2 2 , 0 3> 70SI m t e l M t t ^ shor t +ons 3^ 2^0 52 2 . 1 5 , 627 .2 9 ' < >

\ i p u b l i M i e r s . l s_ .short ons 18% 560 1 (0,72S 211, I i 2 217 v»'»In H ns ' t to pnM'Mieis ,

1 s s imi ors 45 ,3^2 i .011 » ) . *si, J M, >2Ot her p i per: i

Hi K \ I S bo ird, [ i nan don s j o i r ' o i i sBook pipu -

I1! )duc l ion .It mo to ( ip td^shipmentsstocks, on 1 u n o n h

I me p ipu -

R it o to c ] c i t \shipmentsMo( ks, end of i\( n*h

"\\ i »pi>im, jupd -Pro l n < t ionR itio to c ip h n \shipmeius s j ior t ron> ^ n>' ' / i -"ss t o c k s end of n o"h _snor« tons s > , « ) 1 0 M, U7

\11 o t l er M K ' C ^ -Piodu fon

to ks tMl f in n, i1 ot 1 p i . ei 1 1 d' .dum no

>S7 207 u 2 i 2 ^ i ) l OMi 7, 7 ' « s 7 H . 1 7 >s > n 2 i , 7 « l olh 122 f > ' i , 7M t '7 ss'» 7 U v O71 Of (, (,} 74 i ~2 "1 7s 77 SL

s , j)s (»]0 oo^ 4 , (/ u i -7 ^ t , f ) ) V0 ) ( , ls 4 >j i p» ,-12 o2s O'lt f 3 ) h 0 ( » j »t s M3 "11 ^ 7 > ( » r 2 "M2 2 > . 2 i i ' i" 2"S 4 1 0 7 1 1 i21 214 * . 1 2 t 7 UO , 1 , i , « 7 7 4 2 ' , s , M ]i 01

Paper Products

P.ipor-bo .1-1 sli p} ) , r }; ho\o>: . ;

Ojier.ning t i m e -Conug i e « l - ..p. ct. of normal.. ' . . . . : 7y 78 63 60Solid fi! or .. .. .p. ct. of normal-.! f > 2 61 54 58Total , p. ct. of normal. . ; : 75 7 4 . 61 60

Pioduei on - i( " o i l l l J M t o d thoilS. Of Sq. f t . . 1 ,'91,013sohd f ' l M - r thous. o f s q . f t . . i 93,895 , . , . , _ . . . . _ . , .Tot-,1 .._ thous. of s q . f t . . i 4M,938 471,271 383,195 35!*, 410 ] 428, 236 518, 3S8 500,57H 473,354 401, 148 490, 604 | 4S3, V

Rope p - i p < i M..I s. sh.pmiMits . - rol . to ll.)21-'2'2.J 0 .5 . 77 8t 66 70 &7 88 7s *:> 8 7 ! M) 90

Printing

Blank forms, new ordns ..thous. of sets. J 48,877 52, ss.7 4S 751 50, .5^7 (.",004 17,s7s 7s, 7U7 < 0, sl2 55,779 5 9 , 1 5 2 ' 64,544 68,630 54, (»01

Vmeri' m in m ifioture no. of editions..; ; ... • WS 785 j 7 1 2 ' 643 657 . 418 ! 440 i 621I m p o r t - d _ _ no. of edi t ions, . ! ' 2 4 7 ; 141 ' 9 5 ; 150 155 74 i 71 i 147

Priii 'me a c K \ i t \ rel. to 1923,..' ! 9 8 ; 96 95 ; 95 : 91 ; 92 93 85 8 9 : 96 j 104Sales books: I • \ : I ! i '

Xe\\ orders thous. of books._' 10,284 \ 11,204 i 10.054 • 10,735 : 9,455 : 11,053 i 12,217 ; 11,652 : 11,026 10.903 j 12.688 ' 11,730Shipments . thous. of books. . ; 11,079: 10,669 j 10,652 10,454 '. 3 0 , 8 9 3 ; 1 0 , 7 2 3 ' 13,428 12,363 11,918 10,572 • 12 ,540 ' 10,967

KUBBER | ' ! ' , ' . ^ I

General Operations ' ; .' j

Production index (Fed. Res. ', '. \ '' ; !

84.3 ; 8(5. 1 i 99.0 107.2 110.5 103.8; 104.8 ' 135.3110.6: 115.5 : 117.9 115.8 : 125.6 136. 6 i 156.0 i 158.2

Crude Rubber

...p]03,250 ' :

For tiros long tons. J s 3 68. 593 ' 3 ^ 2 , 2 8 4 : : ' - 64 ,353 j 3 87, 072 IImports ( including latex) long tons..; 4 4 , 9 0 8 1 4 0 ^ 7 8 8 1 3 4 , 3 7 4 . 36 ,598, 37,370 i 29,733 45,375 i 35,783; 36,657 3 5 , 4 2 4 ! 40,382 i 42 ,994; 45,048

- Revised. 3 Quarter ended in month indicated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 43: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

41

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

RUBBER— Continued

Crude Rubber— Continued

Prices, wholesale, smoked sheets,New York _ dolls, per lb_.

Prices, wholesale, smoked sheets,New York rel. to 1926.

Stocks, domestic, end of quarter:Afloat long tons _Dealers __ long tons. _Manufacturers long tonsTotal -long tons..

World shipments, plantation long tonsWorld stocks, end of month:

Afloat _ __ . _ _ long tons..

1931

April March

1

. 064 . 077

13. 2 15. 9

3 49, 471

Febru-ary

.076

15.7

3 49, 6133 138, 1403 187, 753

71 218

88. 959Europe longtons.J 137,452Producing countries long tons 45 782United States longtons.. 215.523World total long tons-

Reclaimed rubber:Production, quarterly. _long tons--

487,716

3 32. 11 5

65, 719

84, 469130, 24743, 958

210, 611469, 285

Stocks, end of quarter long tons. L 316.142 !Scrap rubber:

Consumption by reclaimers,quarterly long tons..

Stocks at reclaimers, end ofquarter _ long tons—

'

341,274

3 57. 1 98

Tires and Tubes

Pneumatic casings:Production _ thousands. _ 3.730Shipments-

Domestic thousands.. 3 143Exports thousands.. 155

Stocks end of month thousands 8 01 9Solid and cushion tires:

Production _. _ ._ -thousands-- ! 11Shipments —

Domestic thousands 15Exports _. _ _ thousands - l

Stocks, end of month thousands..Inner tubes:

Production _ _ thousands--Shipments—

Domestic thousandsExports _ thousands. _

Stocks, end of month. thousands..Raw material consumed:

Fabrics ._ thous. oflbs .

69i

3,560

2 922109

8,380

i 14 041Crude rubber thous. of lbs_. 41,851

Miscellaneous Rubber Products \1 ' '"' • • -• l & L, L. „ I !

Calendered rubber clothing: , & ^Net orders no coats and sundries i 19 380Production no. coats and sundries i 19 220

Mechanical rubber goods, shipments: jBelting _ thous. of dolls.. ! 889Hose thous. of dolls i 1 892All other thous. of dolls i < 1 631Total thous of dolls 4 412

Rubber Lands, shipments thous. oflbs J 231Rubber flooring shipments thous. of sq. ft 496Rubber heels:

Production thous. of pairs ; 14,661Shipments— ,

Exports thous. of pairs..1 ; 577Repair trade thous. of pairs. ,; 4, 808Shoe manufacturers --.thous. of pairs.. j 10, 991

Stocks, end of month thous. of pairs . i 26 708Rubber-proofed fabrics, production: i

Auto fabrics thous. of yds 738Raincoat fabrics -thous. of yds _ . i 863All other thous. of vds._ 1, 168Total . thous. of yds ... . 2,769

Rubber soles:Production thous. of pairs.. 2,292Shipments —

Exports thous. of pairs J 14Repair trade thous. of pairs..' ! 408Shoe manufacturers, .thous. of pairs. _ 2,145

Stocks, end of month. thous. of pairs 2876

STONE, CLAY, AND GLASS

General Operations

New orders _ rel. to 1923-25 55 3Production index (elect, energy consumed). _ . rel to 1923-25

Stocks, end of month . _ rel. to 1923-25Unfilled orders, end of month rel. to 1923-25.

BrickCommon brick:

Plants closed down number--Price, red, New York dolls, per thous..Price, red, New York rel. to 1926. _Shipments thousands. .Stocks, end of month-

Burned thousandsUnburned thousands--

Unfilled orders, end of month-thousands. .

116. 5 105. 1178. 3 179. 3

25. 3

44 5310. 25 10. 0062. 3 60. 8

31, 307 29, 284

205, 842 256, 396165, 172 192, 49938, 281 48, 240

3,188

i 2, 580142

i 7, 629

11

i 12! 1| 73

3, 133

2,619101

• 7, 937

| 12, 002i 36, 651

i 16, 361| 18,276

i 722; 1,611I 1,378: 3,711

222366

13, 150

6584, 8548, 397

29, 335

644567973

2, 184

2, 724

36290

2,2593,167

48.0

102.6173.424.2

6610.0060.8

19, 844

237, 346194, 50436, 997

January

.082

16.9

1930

Decem-ber

.089

j 18.4

i 3 44 986! 3 58, 804,3129 575!3188 279

65, 714

82, 687127, 55343, 154

207, 085460, 479

65, 661

81, 479121,13136, 118

201, 000439, 728

1 3 30, 4771 3 18, 534

3 36. 378

; 3 flp 464

i2,940

2,855140

7,166

13

121

75

2,898

3,147102

7,552

1 12, 738! 36, 319

21, 88413, 059

7591,4401,4003, 599

; 2111 365

! 12, 973; 748

3, 9398, 471

30, 302

577738891

2,206

2,481

11287

2,0903,032

53.3

75.3165.028.0

5510.0060.8

19, 657

251, 842205, 60047, 032

I 2, 251

, 2, 550139

7,203

' 13

12: i

76

2, 448

i 2, 634i 96

7, 999

8, 358i 25, 537

12, 881i 20,791

6751 1, 337

1, 3263,338

! 165597

13, 101

• 838i 3, 450

6, 618; 29, 741

i 476! 697' 736i 1, 909

i 3, 021

58! 243! 2, 305

2,917

48.7

100.6166.033.8

659.5057.7

33, 488

290, 144233, 81284, 550

Novem-ber

.089

18.4

63, 065

80, 236119,- 01037, 564

193, 091429, 901

October

.084

17.3

71, 934

84, 435118, 87336, 046

188, 310427, 664

2,123

2,119148

7,676

13

131

76

2,144

2,14784

8,250

8,41826, 253

15, 49322, 623

7791,2761, 3453,400

165432

11,083

8804, 4734, 578

29, 130

5321,426

8642,822

1,426

60280

1,0112,390

53.3

106.2162.941.3

909.5057.7

103, 489

429, 896285, 944121, 389

2,866

2, 613186

7,842

18

191

78

3,161

2,659119

8,414

11, 78036, 097

25, 08241, 291

9541, 5541, 6784, 186

197682

16, 460

9668,2919,354

29, 353

9153,0401, 2545, 209

3,056

82492

2, 6382,520

66.3

106.3149.640.0

769.5057.7

103, 390

405, 082273, 309101, 908

Septem-ber

.080

16.5

3 45 0733 59, 2053 91, 968

3151,17374, 941

97, 701120, 38937, 714

171, 285427, 089

3 31 2773 17, 989

3 39, 071

3 66, 363

2,692

3,360165

7,849

14

221

82

3,053

3,525108

8,052

10, 91733, 382

39, 36437, 097

1,0451,4731, 5654,083

172529

14, 322

1,0836, 6819,244

31, 601

7333,2491,0645,046

2, 193

74333

1, 6912, 729

64.3

120.5152.645.8

709.5057.7

115, 251

373, 485271, 577132, 689

August

.100

20.6

July

.111

22.9

73, 509

82, 805112, 79842, 910

162, 283400, 796

3,332

3,976164

8,678

16

221

90

3,837

4,492118

8,589

13, 22340, 736

26, 34844, 952

1,2481,6821,6224, 552

164559

13, 735

7806, 6228,813

22, 336

6781,805

9753,458

1,473

74317

1,1612, 289

58.7

118.2160.147.3

629.5057.7

105, 493

350, 940222, 710149, 034

60, 596

84, 129111,75140, 362

158, 445394, 687

3,193

4,229129

9,449

13

191

101

3,161

4, 59490

9,326

13, 39939, 365

28, 76738, 582

1,3641,8561, 6904, 910

174507

15,117

9385, 053

11, 66836, 220

6081,415

9172,940

2,663

34364

2, 6272,876

60.0

110.8170.439.8

6710.0060.8

82, 429

341, 993197, 06995, 101

June i May

.124

25.6

3 43, 2033 51, 3873 87 381

3 138, 76753, 944

75, 480109, 90839, 300

155, 000379, 688

3 45, 2693 19, 926

3 57, 251

3 66, 511

4,098

4,050185

10, 622

17

182

107

3,960

4,082131

10, 889

15, 03445, 706

21, 24955, 411

1, 2382, 1991,8815, 318

177634

15, 795

8295,186

10, 28738, 852

8511,4861,0423, 379

2, 734

31309

2,5493,307

75.0

136.5191.553.7

6910.0060.8

123, 694

390, 782213, 848182, 680

.142

29.3

April

.150

30.9

l

72, 485

85, 835105, 03541, 923

146, 179378, 972

63, 127

85, 875100, 72943, 176

148, 272378, 052

4,574

3,960213

10, 745

17

231

108

4,428

3,940119

11, 082

17,43752, 130

110, 52075, 719

1,3102,7032,1506, 163

211615

15, 603

7765,2217,432

38, 595

1, 2391,3331, 0253,597

1,939

3321, 5063,019

74.3

121.2191. 847.8

6910.5063.8

98, 833

303, 971171, 867137, 980

4,518

3, 886186

10, 461

17

232

117

4,408

3, 769109

11,028

17, 26451, 152

89, 86286, 471

1,3092,5932,0875,989

197570

17, 762

1, 0964,6419,201

37, 618

1,3681,5901,0714,029

2,593

28380

1,9563,272

80.3

129. 9194.549.7

7811.2568.4

104, 192

327, 657177, 704172, 113

s Quarter ended in month indicated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 44: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

42 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

STONE, CLAY, AND GLASS— Contd.

Brick— Continued

Face brick:Production thousandsShipments - -thousands-Stocks, end of month thousands ._Unfilled orders, end of month. thousands ..

Sand-lime brick:Production - - thousands ..Shipments by rail thousandsShipments bv truck thousands ..Stocks end of month thousandsUnfilled orders, end of mo nth. thousands. .

Glass Containers

Net orders .thous. of gross-Shipments thous. of gross .Stocks end of month thous. of grossProduction:

Total thous, of gross..Per cent of capacity .

Unfilled order^ end of month thous of gross

Illuminating Glassware

New orders p. ct. of capacity..Production:

Total - no. ofturns.-Per cent of capacity _

Shipments p. ct. of capacity..Stocks, end" of month. ..no. of weeks' supply..Unfilled orders, end of

month no. of weeks' supply _ .

Plate Glass

Plate glass, polished, produc-tion thous. of sq. ft..

Porcelain Plumbing Fixtures

Net new orders number of pieces..Shipments number of pieces. _Stocks end of month number of piecesUnfilled orders, end of month

number of pieces. .

Portland Cement

Per'cent of capacity - -Prices, wholesale, composite --.dolls, per bbL.Prices, wholesale, composite rel. to 1926. _Production thous. of bbls .Shipments - thous. of bbls..Stocks, end of month thous. of bbls..Stocks, clinker, end of month. ..thous. of bbls..

Terra Cotta

Terra cotta, new orders:Quantity - net tonsValue thous. of dolls. .

Tile

Floor and wall tile:Production thous. of sq. ft..Shipments-

Quantity thous. of sq. ft..Value thous. of dolls..

Stocks, end of month thous. of sq. ft. .

Vitreous China

Plumbing fixtures:New orders piecesShipments pieces .Stocks, end of month pieces - -Unfilled orders, end of month _ _ . . .pieces- -

TEXTILES

General Operations

New orders rel. to 1923-25..Prices, wholesale rel. to 1926..Production index (Fed. Res. Bd.)

...rel. to 1923-25..Production index (elect, energy

consumed) rel. to 1923-25. -Stocks, manufactured goods, end of

month . rel. to 1923-25..Stocks, raw materials, end of

month . ..rel. to 1923-25..Unfilled orders, end of month-.rel. to 1923-25..

Burlaps and FibersImports:

Burlaps -- .thous. of lbs._Fibers long tons..

1931

April

533579

784

3,9991,6983,330

11,1195, 232

28.6

2,08627.828.84.1

.8

10, 174

6,8984,093

28, 248

32, 541

52.11.42281.0

11,24511, 18429, 73613, 701

2, 598291

93, 108117,105597, 476209, 507

~ ~ ~ ~ 6 7 . ~ 6 ~

97

95.3

98.5

176.897

30, 48121,719

March

395522

3,734685

4,8691,4663,743

12, 5667,070

2,2502, 4795,974

2,16664.4

10, 340

32.4

2,10828. 128. 74.1

.8

10, 593

6, 1634, 178

30, 259

31, 497

36.91.47784.1

2 8, 2452 7, 192

2 29, 676~ 13, 318

3, 138315

3,135

2, 553

14,~477

64, 260133, 802583, 099233, 504

73. 969.2

97

97.3

94. 1

196. 341. 1

34, 94519, 574

Febru-ary

338369

3,836708

4,1401,4933,306

12, 5456,720

2,3421,9726,307

1, 77757.2

10, 913

27.0

1,81824.225.94.2

8,882

5,5703,699

30, 004

30, 526

29.41.54387.9

5,9205,074

28, 61211, 946

3,226335

2,655

3,656

"Is, 895'

150, 451184, 563552, 403303, 046

69.770.4

93

99.3

92.4

212 9

39.9

42, 17621, 326

January

310303

3,856778

3,718910

3,36711, 5945, 245

2,6342,0416,696

1,77652.8

10, 761

30.7

2,18329. 128. 71.1

2

7,321

4, 5594,597

25, 585

29, 863

29.51.58690.5

6,5954,692

27, 75910, 384

3,231324

2, 866

2,541

" 14," 895"

250, 183172, 334594, 886337, 158

66.971.0

86

86.4

100.0

229.938.9

35, 06219, 102

1930

Decem-ber

494365

3,823778

6,0531,8464,277

12, 0709,125

1,8941,4867,022

1,69850.5

9,628

26.5

1,91230.927.65.1

4,941

4,5863,259

29, 598

30, 400

38.21.58090.6

8,4805,688

25, 8838,809

3, 799350

3,342

2, 937975

14, 570

131,807108, 065623, 125259, 309

60.872.4

87

89.8

109.2

241.834.3

44, 59120, 429

Novem-ber

543536

3,677821

7,1263,0444,659

12, 7308,183

2,2211,6786,814

1,91359.1

9,484

30.5

2,05933.230.64.9

. 7

7,103

4,4515,634

30, 370

29, 869

51.71.58891.1

11, 0988,784

23, 0567,758

3,373329

3,134

3, 7911, 110

14, 166

113, 710121, 259582, 675235, 567

73.673.3

93

87.0

97.3

237.637.3

36, 65614, 631

October

748767

3,662901

7,9253, 4376,169

12, 2607, 567

2,4512,2976,578

2,46170.4

9,097

34.5

2, 18535.334.44. 7

.8

8,583

8,6576, 455

31, 133

31, 309

65.41.60091.7

14, 41015, 59920, 697

7,266

5, 930556

4, 135

4, 5721, 581

14, 823

141,036158, 839593, 492243, 116

90.673.8

91

85.4

96.8

214.736. 2

37. 94017, 953

Septem-ber

730794

3,6771,067

7,8773,2786,553

14, 1518,957

2,5852,6236,412

2,20268.1

9,404

33.7

1,96131.733.04.6

.8

7,979

6,8157,564

29, 367

31, 973

75. 71.60091.7

16, 12418, 08321, 889

7, 783

5,718465

3,954

4,4821,518

15, 259

140, 882155, 330586, 915260, 919

74.475. 5

88

85. 1

96.5

155. 434.5

39, 57813, 803

August

854779

3,7171,059

9,6362,9216,437

15, 4967,762

2,6362,4596,768

2,43972.5

10, 024

29.9

2,08333.630.44.6

.7

5,523

8,2327,214

32, 696

33, 493

81.01.60091.7

17, 82120, 29923, 824

9 275

5,594520

3,812

4,8591, 663

15, 786

142, 254166, 156615, 931275, 367

61. 7

81

72.5

106.4

116.933.7

39, 03813, 941

July

738865

3,6251,144

10, 4153,1026,781

14, 3289,797

1,9802, 3686,799

2,40671.5

10, 152

26.8

1,78528.828.04.5

.8

8,326

7,4807,448

34, 259

34, 171

77.81.60091.7

17,07820, 15326, 28911, 684

7, 829741

3,690

4,3851,576

16, 834

142, 024156,650654, 535299, 269

56. 18.0

84

79.7

117.3

104.235.9

57, 55316, 857

June

835887

3,7371,263

10, 3172,9296,809

13, 1919,314

3,2492,4516,750

2,52878.1

11, 147

36.1

2,26236.536.25.9

1.1

9, 128

7,3676,336

37, 410

35, 674

81.41.60091.7

17, 23918, 78129, 36413, 452

8, 236734

3,869

4,2801,539

16, 778

128, 991157, 773648, 805313,895

67.082.2

84

95.3

123.9

111.241.0

43, 23524, 163

May

757968

3,7651,331

12, 7083,2727,559

12, 97510, 706

2,2362,7886,662

2, 63375.4

10, 924

38.2

3, 18036.633.65.8

1.0

12, 571

7,8797,101

36, 920

35, 078

78.91.61792.7

17, 24917, 22430, 89114, 668

6.990719

3,838

4,4201,620

17, 189

139, 784194, 948626, 429342, 677

74.984.6

90

96.0

121.6

122.343.6

47, 69919, 322

Apri l

664966

3, 9221, 192

9,8023, 9105,624

11,5059, 229

2, 5502,5646, 809

2. 41971. 9

11,922

41.5

2. 53237.838.8

5. 8

1.0

11, 430

6. 4696. 502

38. 240

35,017

64.01.61792.7

13, 52113, 34030, 86715, 164

7. 502743

3, 533

3,9641, 503

17, 771

133, 179209, 366635, 501397. 841

75. 385. 5

96

102. 3

139. 0

138. 043. H

54, 8»)'.i23, 12o

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

Page 45: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

43

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

TEXTILES— C ontinuedClothing

Hosiery:Prices, pure silk, wholesale __.rel . to 1926..New orders-. _.thous. of doz. pairs. .Net shipments thous. of doz. pairs-Production thous. of doz. pairs ...Stocks, end of month

thous. of doz. pairs..Unfilled orders, end of

month thous. of doz pairsKnit underwear:

Net shipments. ..thous. of doz. garments. _New orders thous. of doz. garments--Production thous. of doz. garments. _Stocks, end of

month thous. of doz. garmentsUnfilled orders, end

of month ... thous. of doz. garments-Men's and boys' garments cut:

Overcoats thous of garmentsSeparate trousers thous. of garments--Suits thous. of garments

Overalls:Cut thous. of doz. garmentsNet shipments.., thous. of doz. garments. .Unfilled orders,

end of month ..thous. of doz. garments. _

CottonConsumption by textile mills bales ._Consumption by textile mills __re l . to 1923-25- .Exports, unmanufactured

(exclusive of linters) thous. of balesG innings thous. of balesImports, unmanufactured bales. .Machinery activity of spindles:

Activity spindles . _ _ . thousands ..Activity per spindle hoursTotal activity ._ ... mill, of hoursPer cent of capacity

Prices:To producer dolls, per lb_.In New York, middling dolls, per lb._

Receipts into sight __ - _. thous. of bales. -Stocks, domestic, end of month:

Mills thous. of balesWarehouses- thous. of bales. -Total, mills and ware-

houses thous. of balesTotal, mills and ware-

houses. _ _ _ r e l . to 1923-25Stocks, world visible, end of month:

American thous. of bales. _Total thous. of bales .

Cotton FinishingPrinted only (mills and outside):

Production thous. of yds..Stocks, end of month thous. of yds..

White, dyed, and printed (outside mills):Billings, finished goods thous. of yds_.New orders, gray yardage. -thous. of yds..Per cent of capacityShipments, finished goods eases- -Stocks, finished goods, end of month

_ _ casesUnfilled orders, end of month days.-

Cotton GoodsCotton cloth:

Imports thous. ofsq. yds..Exports thous. ofsq. yds—

Cotton textiles:New orders thous of ydsProduction thous. of yds..Shipments thous. of yds..Stocks, end of month ..thous. of yds..Unfilled orders, end of

month thous of ydsElastic webbing, shipments.. thous. of dolls...Fabric for tire manufacture, con-

sumption.. . _. __ thous. of IbsMill dividends:

Fall River (quarterly) thous. of dolls..New Bedford (quarterly). thous. of dolls..

Prices:Print cloth 64x60 dolls, per yd..Print cloth 64x60 rel. to 1926—Sheeting, brown dolls, per yd..Sheeting, brown _rel. to 1926..Cotton goods (Fairchild) -,rel. to 1911-13-

Cotton YarnCarded sales yarn:

Production thous. of Ibs..Stocks end of month thous. of Ibs..Unfilled orders, end of month

thous. of Ibs—Prices:

22/1 cones, Boston dolls, per lb_.22/1 cones, Boston rel. to 1926—40/ls southern spinning dolls, per lb._

1931

April

50.8

508, 74499.1

392

17, 257

26, 645216

7,12994.3

.093

.102358

1,3706,034

7,404

196.9

6,3028,883

86, 61272, 973

60, 590£0, 394

5231, 176

16, 6772.7

2,81030, 776

137, 749225, 955217, 582282, 154

294, 1181,199

.05369.6.05963.3119

11,08112, 240

38, 825

.23164.5.369

March

51.92, 7742,7282,465

6,433

2,051

1, 1071, 3261, 146

1,366

1, 549

490, 58695.6

60513, 75610, 266

26, 490211

7,00191.2

.096

.109447

1,4786,643

8,120

216.0

6,8269,332

87, 31865, 145

61, 80357, 872

5835, 334

17, 6412.7

2,53033, 392

295, 334271, 638317, 185273, 781

373, 9511,363

14, 041

301

.05573.3.05963.3121

11, 53612, 537

40, 979

.24066.8.382

Febru-ary

51.92,6002,4972,405

6,713

2,027

909994945

1,265

1,342

234223

41

433, 51084.5

433

11, 165

25, 763184

6,11087.2

.091

.110513

1,5487,314

8,862

235.7

7,3819,958

76, 84764, 546

50, 16649, 679

5630, 593

17, 0712.6

2,14825, 188

326, 691212, 168248, 354319, 328

395, 8021,180

12, 002

.05369.6.06569.8

119

10, 96813, 420

42, 407

.23966.7.390

January

51.92, 5262,2092,400

7,074

2,041

975967840

1,329

1,258

1601,5801,714

222218

36

454, 18888.5

62513, 59311,299

25, 611191

6,36080.8

.086

. 102729

1,6147,939

9,553

254.1

7,5769,897

68, 38065, 704

43, 64246, 370

4729, 031

20, 1342.6

2,64131, 488

239, 106202, 149210, 597355, 514

317, 4651,041

12, 738

.05268.8.06267.0120

12, 66513, 795

2 39, 963

.24869.1.390

1930

Decem-ber

58.32,4082,7432,589

7,058

1,828

816878821

1,299

1, 284

1591,2321,222

161137

42

406, 20779.2

76613, 2584,461

25, 526176

5,91676.1

.087

. 1011,627

1,6598,378

10, 037

267.0

7,8419,897

70, 30168, 420

47, 56639, 749

4023, 888

23, 5932.6

1,65829, 388

182, 656234, 052226, 951363, 962

288, 956921

8,358

3279

.05370.4.06569.9

122

9,58213, 531

38, 920

.24768.8.390

Novem-ber

58.33,1983, 2923,005

7,120

2,403

1,1291,1641,978

1,197

1, 266

4441,1831,100

207191

36

414, 88780.8

90812, 8373,409

25, 858173

5,83280. 1

.096

. 1102,749

1,5678,398

9,965

265.0

7,6769, 437

62, 00568, 817

40, 24938, 541

4423, 743

21, 8032.5

1,76329, 273

183, 067206, 633200, 661356, 861

333, 2511,000

8,418

.05775.5.06670.9

124

11, 78712, 548

38, 926

.25471 0.405

October

60.53,8893,7833,440

7,627

2,618

1,3651,4751, 132

1,421

1,250

5552, 1031,654

279249

51

444, 49486.6

1,00410, 8661,747

26, 154184

6,23977. 1

.092

.1073,670

1,3537,542

8,895

236.6

6,6178,413

69, 76465, 876

53, 00347, 133

4829, 260

22, 3922.1

1,97634, 804

335, 801228, 866270, 383350, 889

350, 8451,356

11, 780

.05572.9.06670.9

124

15, 49412, 548

37, 854

.23565.5.413

Septem-ber

62.63,2923,4062,789

7,864

1,876

1,2611,049

913

1,497

1,140

5642,0711,662

326289

69

394, 32176.8

9036,3043,394

26, 087167

5,66373.4

.099

. 1092,410

9685,247

6,215

165.3

4,8926,707

55, 38764, 788

40, 63141, 618

4626, 691

22, 0792.6

1,92032, 626

291, 980182, 385232, 975392, 406

285, 4271,200

10,917

3 110

.05370.4.07075.1124

11, 14812, 819

33, 194

.24267.4.420

August

64. 82,6332,7662,408

8, 647

2,096

1,024909828

1,759

1,398

4371,8911,878

288250

74

352, 33568.7

3661,8795,901

25, 874151

5,13465.2

.114

.121865

1,0113,465

4,476

119.1

3,1595,190

42, 18570, 395

37, 90735, 576

3628, 843

27, 1982.1

1,66434, 285

235, 272218, 815231, 348442, 996

226, 4221,127

13, 223

.05066.6.07075.1126

10, Q3113, 633

9,103

.25270.3.435

July

69.12,2292,3562,300

9,015

2,322

902781869

1,880

1,524

4411,9261,811

244223

60

379, 02273.8

17678

4,162

26, 458156

5,30167.2

.119

.13264

1,1832,877

4,060

108.0

2,9175,230

38, 79982, 297

41, 47337, 349

3428, 559

31, 9011.9

2,43435, 397

180, 147165, 850176, 689455, 529

222, 4981,088

13, 399

.05471.8.07075.1130

11,04913, 742

26, 469

.26273.1.447

June

69.12,9412,8222,823

10,418

2,781

875911

1,023

1,846

1,634

3291,9761,792

231218

67

405, 23679.0

185

9,550

27, 659170

5,78976.2

.140

.145163

1,3573,105

4,462

118.7

3,3525,951

47, 60882, 856

50, 93339, 249

4132, 986

34, 4772.0

3,01935, 868

129, 947198, 539182, 652466, 368

219, 0401,169

15, 0343 3303 254

.05674.7.07580.3

134

10, 96813, 559

27, 632

.27376.2.461

May

73.42,9932,8382,840

9,205

2,683

1,0031,0701,025

1,759

1,607

2032,2181,923

260248

89

473, 28492.3

209

53, 328

28, 358197

6,72583.4

.145

.164358

1,5283,379

4,907

129.5

3,6886,335

58, 58885, 381

59, 38448, 699

4739, 307

34, 5712.6

4,29938, 523

184, 473275, 801270, 056450, 481

271, 7451,300

17, 437

.06180.2.07883.9137

11,67813, 439

30, 186

.29080.9.473

April

73.42, 9202,8652,935

8, 724

2, 470

998896

1,148

1,731

1,549

2162,2471,981

285273

112

531,911103.7

350

67, 397

28, 851220

7,49796.1

.147

.163463

1, 6623,637

5, 209

141. 1

3,9756, 659

72, 72184, 808

65, 36456, 641

5634, 308

40, 7412.9

5, 07636, 821

223, 225257, 243253, 360444, 736

357, 3281,347

17, 264

.06180.2.07682.2138

15, 48513, 116

34, 457

.30284.1.480

J Revised. s Quarter ended in month indicated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 46: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

44 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

TEXTILES— ContinuedFur

Sales by dealers thous. of dolls

Pyroxylin- Coated Textiles

Pyroxylin spread thous. of IbsShipments billed thous. of linear vds__Unfilled orders end of

month . thous. of linear yds_.

Rayon

Imports thous. of lbs_.Price, 150 denier, "A" grade,

New Y o r k _ _ _ dolls, per lb._

Silk

Deliveries (consumption) _ ..bales _Imports raw --- thous. of lbs__Prices:

Raw, Japanese 13-15, NewYork - dolls, per lb__

Haw, Japanese 13-15, NewYork -rel. to 1926..

Silk goods, composite dolls, per yd..Silk machinery activity:

Broad looms _p. ct. of normal. _Narrow looms p. ct. of normal..Spinning spindles. ..p. ct. of normal. _

Stocks, end of month:At warehouses bales..At manufacturing plants bales

Wool

Consumption at textile mills,grease equivalent thous. of Ibs

Consumption at textile mills.-.rel. to 1923-25. .Imports:

In condition, imported thous. of lbs._Machinery activity, hourly:

Combs p. ct. of hours active. .Looms—

Carpet and rugs.p.ct. of hours active-Narrow" p. ct. of hours active- _Wide p. ct. of hours active .

Set of cards p. ct. of hours active .Spinning spindles-

Woolen p. ct. of hours active..Worsted p- ct. of hours active. .

Prices:Raw, territory, fme.scoured.dolls. per lb._Raw, Ohio and Perm, fleeces, % blood,

combing, grease dolls, per lb_.Suiting 13-oz dolls, per l b _ _Suiting 13-oz rel to 1926Women's dress goods,

French serge, 39-in dolls, per yd..Women's dress goods,

French serge 39-in rel. to 1926Worsted varns dolls, per IbWorsted yarns .rel. to 1926.

Receipts at Boston:Domestic -- thous. of Ibs..Foreign thous. of Ibs.Total thous. of lbs._

TOBACCO

Unmanufactured :Exports, leaf -thous. of Ibs..Stocks—

Chewing, smoking, snuff and exporttypes quarterly mills, of Ibs

Cigar types, quarterly. .thous. of Ibs..Total, including imported types, quar-

terly - - mills, of Ibs .Manufactured products:

Consumption (tax-paid withdrawals)—Large cigars _ thousands. -Small cigarettes millionsManufactured tobacco

and snuff thous. of lbs_.Manufacturing

operations - rel. to 1923-25- .Exports cigarettes thousands

MISCELLANEOUS PRODUCTIONButtons

Fresh-water pearl button:Production, ratio to capacity per cent..Stocks, end of month thous. of gross..

Imports:Buttons-

Product of Philippines.thous. of gross- _All other... thous. of gross. _Shells-

Mother-of-pearl thous. of Ibs—\11 other thous. of Ibs

Tagua nuts thous. of Ibs..2 Re\

1931i

April March

i

! 6 693)

4,273 i 4,0813, 300 | 3, 394

2,962 ; 3,358

296 i 439

. 75 . 75

41,356 ! 55,3834,823 i 7,725

2. 266 2. 561

36.6 41.3.99 | .99

90.9 93.844. 6 44. 251.8 58.6

35,497 : 47,40720,425 I 22,231

47,710 40,373100.7 ; 85.2

21,258 15,348

82 76

44 4442 3454 : 5957 ; 66

55 5757 57

65 .66

22 221.494 1.5437.45 77.0

1.00 ; 1.00

69.7 ; 69.7

10,376 ! 8,2157,399 ! 5,064

17,775 13,279

45,006 • 39,908

3 1 697..........3354,319

3 2 151

459,982 440,4729,471 9,802

30,781 31,049

134 : 131241,703 324,808

. ! 47.5; 9,518

55 942 2

395 i 28948 ! 95

1,720 i 592

ised.

Febru-ary

6,049

3,0442,724

3,058

274

.75

54, 2427,318

2.709

43.71.00

96.551.758.9

45, 39923, 124

38, 42081.1

11,687

39305960

6654

.66

231.60179.8

1.1076.6

6,7416,528

13, 269

46, 879

362, 8398,836

29, 562

132256, 706

44.69,807

593

273369

1,329

January

4,496

2,5652,333

2,735

154

.75

55, 9107,405

2.807

45.31.02

94.039.255.2

51,81423, 588

33, 85671.5

13, 767

67 !

29 i284947

4852 •;

.68 !

.261.60179.8

1.1076.6

3, 3637,432

10, 795

50, 440

362 9399,368

31, 697

121229, 697

35.510, 154

594

47522

270

i! Decem-

ber

3, 048

2,2081,945

1,169

o.95

55, 4249,877

2.709

43.71.02

94.035.865.8

58, 43024, 242

30, 00763.3

10, 920

67

29264643

4552

. 72

271. 60179.8

.90

87.01.1781.8

7,5744,000

11, 574

62, 148

3 1 4923277,850

3 1, 853

349, 6358,675

: 25,815

! 128338,808

40.68,842

829

89615

858

3 (

Novem-ber

4,520

2,2681,893

1,413

216

.95

57, 3337,000

2.463

39.81.02

96.560.875.1

49, 23824, 929

31, 23765.9

8,546

65

38374750

5252

.72

.291. 60179.8

.90

87.01.2083.6

4,5761, 6646,240

57, 964

October

5,787

2,6992,480

1,441

101

.95

61, 9378,940

2.512

40.61.02

88.238.270.2

51, 27822, 954

40, 97586.5

8,994

38444754

5362

. 75

.301.60179.8

.90

87.01.2083.6

10, 4942,245

12, 739

78, 262

528, 128 i 623, 8617,952 : 10,947

25,976 33,026

119 129251,507 318,751

42. 0 38. 88,756 ' 8,808

65 729 : 5

402 ! 354458 | 586331 1, 204

Quarter ended in m

Septem-ber

7,301

2,9632,460

1,508

153

.95

55, 6497,887

2.413

39.01.04

80.044.757.7

47, 62121, 243

38, 08380.4

8,817

81

36414653

5560

.76

.311. 60179.8

.90

87.01.2083.6

4, 0942,9807,074

53, 841

3 1, 2663303,104

3 1, 649

523, 97310, 190

32, 166

125305, 676

36.29,061

783

802164

1, 286

onth indi

1930

August

5,425

2,7052,109

1, 179

171

.95.

41, 7348,244

2.955

47.71.06

73.136.949.1

44, 97820,511

33, 76171.3

10, 145

75

34434448

4855

.76

.311.60179.8

.90

87.01.2083.6

47, 8263,846

51, 672

39, 527

517,20010, 577

31,370

130295, 744

25.79,258

6914

84456

708

cated.

July

4,348

2, 8402,212

1,779

133

.95

39, 9485,712

2.955

47.71.08

79.231.052.1

35, 56518, 046

34, 68273.2

8,900

71

31424851

5253

.76

.311.69684.0

.90

87.01.2083.6

72, 3134, 602

76, 915

27, 620

532, 80511,859

30, 964

137643, 358

23.19,857

6312

47672

1,213

June

5,455

3,9322,820

2,323

383

1. 15

29, 3964,622

3.251

52.51.09

79.063.658.0

28, 45019, 843

32, 77269.2

8,896

72

36485360

6256

.76

.311.75687.6

.90

87.01.2083.6

54, 7292,936

57, 665

30, 351

3 1, 2963337,071

3 1, 726

519, 59911,751

30, 939

141566,015

41.110, 056

10718

271377

1,242

May

7,692

3,6933,227

2,370

487

1.15

40, 8233,622

3.940

63.61.11

87.955.059.1

35, 47720, 300

32, 64168.9

15, 484

68

44395160

6052

.77

.291.75687.6

.90

87.01.2385.3

18, 9379,712

28, 649

28, 823

523. 77510, 301

32, 579

134446, 231

42.49,790

4416

570925

1,317

April

8,362

4,0333,445

2,421

901

1.15

41, 5846,047

4. 186

67.61.14

101. 359.668.8

e53, 70422, 120

36, 79477.7

17, 816

60

49414561

5843

.76

.311.75687.6

.90

87.01.2587.1

8,5018,662

17, 163

43, 364

469, 9699,535

31, 261

136366, 674

47.19,878

596

171104

1,607Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 47: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS 45

MONTHLY BUSINESS STATISTICS—Continued

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

FUELS

CoalAnthracite:

Exports thous of long tons-Prices—

Retail, composite-dolls, per short ton_-Wholesale, com-

posite --dolls, per long ton...Wholesale, composite rel. to 1926—

Production thons. of short tons.-Stocks, end of month, in yards of

dealers no. of days' supplyBituminous:

Consumption—By coke plants-

Canada thous of short tonsUnited States

thous of short tonsBy electric power

plants thous. of short tons__By railroads thous. of short tons--By vessels clearing

ports --thous. of long tons--Exports thous. of long tonsPr.ces—

Mine average (spot)dolls, per short ton

Prepared sizes (compos-ite) dolls, per net ton..

Preparedsizes (composite) rel. to 1926- -Retail, composite.dolls. per short ton..Wholesale, composite

dolls, per short ton--Wholesale, composite rel. to 1926—

Production—Canada thous. of short tonsUnited States thous. of short tons—

Production index - rel. to 1923-25Stocks, end of month, held by

consumers thous. of short tons

Coke

"Exports _ --._ thous. of long tons-_Price, furnace, Connells-

ville dolls, per short ton__Price, furnace, Connellsville rel. to 1926—Production:

Canada - thous. of short tonsUnited States-

Beehive thous. of short tons—By-product thous. of short tons—

PetroleumAsphalt:

Imports thous. of short tons—Production ... - thous. of short tonsStocks, end of month thous of short tons

Coke:Production thous. of short tonsStocks, end of month thous. of short tons

'Crude petroleum:Consumption (run to stills) thous. of bbls .Imports thous. of bbls—Oil wells completed number--Price, Kansas-Oklahoma.-. dolls, per bbL_Price, Kansas-Oklahoma rel. to 1926-Production thous. of bbls—Production index rel to 1923 25Refinery operations-- _p. ct. of capacity-Refinery operations index rel. to 1923-25- _

• Stocks, end of month-California —

Heavy -thous. of bbls

1931

April

120

14.39

12.20288.6

5,700

4,682

168671

1.64

3.84580.28.46

3.76087.2

28, 47877

43

2.5060.9

1093,146

7

"""'536"

28.1

119"

Light • thous of bblsEast of California —

Refineries thous. of bbls—Tank farms and pipe j

lines thous. of bbls— !Total thous. of bbls—

Mexico— |Production thous. of bbls.JExports _ .-- - -_ - -thous. of bbls

Venezuela-Exports . . thous. of bblsProduction _-_ -thous. of bbls—

'Gas and fuel oils:Consumption —

B y electric power plants.thous . of bbls _ _By railroads thous. of bblsBy vessels _ _ . _ -._ -thous. of bbls

Price, Oklahoma 24-26,refineries . — ..dolls, per bbl

Production thous of bbls.488

Stocks at refineries at end ofmonth _ - . _ thous. of bbls

* Gasoline:Consumption thous. of bbls_ _Exports _ thous. of bblsPrices, wholesale, New York.dolls per gaL. . 133Prices, retail, tank wagon, \

50 cities dolls, per gal.J —

March

79

14.85

12. 60891.6

4,745

21

247

4,902

3.4076,414

136665

1.69

24.001283.5

8.71

3.7912 87. 9

1,02833, 870

76

29, 500

54

2.5060.9

179

1493,256

7190354

1701,089

73, 5963,715

383.59431.5

69, 39711264

152

100,53141, 016

40, 786

310, 377351, 163

10, 36210, 283

6443,6443,667

.51030, 754

32, 105

31, 0372,841.133

.137

Febru-ary

159

14.85

12. 73292.5

5,391

235

4,408

3,2815,810

141645

1.77

4.22388.18.83

3.81488.4

96331, 408

73

67

2.5361.5

165

1632,898

3166332

1511,053

65, 2494,789

450.85045.1

60, 64511063

149

101, 44240, 651

42, 027

313,310355, 337

2,5641, 463

9,5169,486

6353,1813,622

.58826, 536

32, 159

26, 1333,586.138

.149

January

'207

14.88

12. 73292.5

6,157

31

236

4,686

3,6886,598

187700

1.77

4. 26889.08.87

3.82988.8

1, 16438, 542

77

34, 200

71

2.5562.1

171

1633,092

None.147295

1591,032

70, 0264, 353

487,85045.1

65, 99111061

144

102, 36840, 389

41, 785

317, 854359, 639

2,8901,263

10, 87710, 384

8003,5993,544

.60029, 174

33, 977

26, 8444,462.135

.148

1930

Decem-ber

178

14.89

12.75192.6

6,086

43

246

4,737

3,8376,622

201803

1.77

4.31790.08.94

3.89890.4

1, 27539, 716

85

37, 200

70

2.5562.1

181

1713,077

3168308

1661,041

71, 5814, 727

527.85045.1

66, 98511163

149

104, 12140, 625

41, 191

320, 510361, 701

2,9221,690

10, 70410, 492

8453,7053,868

.61029, 704

37, 007

29, 0942 4, 149

.141

.146

Novem-ber

182

14.90

12. 75192.6

5,207

249

4,820

3,6706,642

2041,287

1.78

4. 33690.58.94

3.90090.4

1,31538, 122

86

69

2.5862.7

185

1683,137

3217295

1581,064

70,3104,467

659.85045.1

68, 17411464

151

103, 55340, 652

43, 446

323, 089366, 535

2,8951,895

11, 13410, 911

7903,8063,794

.65029, 034

40, 427

30, 9843,536.141

. 150

October

253

14.87

12. 76292.7

7,576

47

249

5,270

3,9447,124

2301,317

1.81

4.34290.68.88

3. 89390.2

1,63044, 150

87

36, 800

83

2.6063.3

185

1683,432

7306267

1771,045

74, 0165,061

8661.09858.3

72, 69611565

160

102, 64340, 738

46, 032

323, 030369, 062

3,1472,093

12, 20811,785

8854,3554,463

.59429,818

41,293

32,267 !6,131.143

i.154 i

S»! August

198

14.80

12. 70792.3

5,293

61

233

5,214

3,7246,349

2691,462

1.75

4.30389.88.79

3. 89790.3

1, 23038, 632

85

35, 900

66

2.6063.3

170

1683,401

5306270

1701,045

75, 9505,808

7821.17862.5

70, 97711469

165

103, 64740, 582

45, 445

324, 644370, 089

3,2432,419

11, 67411,311

8353,8414,333

.58029, 923

41, 480

37, 8233,826.148

.159

205

14.57

12. 57891.4

6,190

244

5,559

3,6586,408

2611,433

1.68

4.18087.28.70

3.89290.2

1, 10135, 661

82

64

2.5562.1

182

1703,637

3346316

172994

79, 2895,059

9921.17862.5

74.85311770

164

103, 70140, 671

46, 785

328, 355375, 140

3,4492,630

12, 18211, 378

7513,8174,702

.60029, 862

39, 729

37, 4336,375.163

.163

July

129

14.53

12. 36689.8

5,658

60

248

5,824

3,4526,228

2841,586

1.71

4.15686.78.65

3.89190.2

1,06134,715

86

33, 100

93

2.5261.4

182

2153,770

6334311

161942

78, 6445,8771,0511.17862.5

76, 55412069

166

104, 55041,071

47, 140

331, 124378, 264

3,4372,808

11,50611, 624

7123, 9244,316

.62531, 023

39, 127

38, 2565,497.163

.165

[June

144

14.32

12. 25189.0

5,183

57

268

6, 155

3,2016,177

2761,394

1.67

4.09685.48.54

3.90290.5

1,12833,714

89

32, 200

68

2.5060.9

193

2623,954

6337312

163891

80, 7475,7671,1971.17862.5

76, 92912473

170

105, 27641, 045

46, 772

331, 050377, 822

3,2873,030

11, 22111,361

6173,7504,041

.67531, 092

38, 302

35, 7066,955.163

.166

May

186

14.33

12. 44190.4

5,947

290

6,572

3,2966,690

2781,488

1.67

4.08585.28.53

3. 90290.5

1,11535, 954

92

78

2.5361.5

210

2724,266

4337317

170866

83, 6474,9841,2331. 17862.5

80, 34212773

173

105, 56042, 912

47, 490

331,429378, 919

3,3512,429

11, 13310, 918

6074,0644,657

.74433, 961

36, 664

36, 4384,864.163

.170

April

123

14.99

12. 88793.6

4,916

36

295

6,645

3,2556,804

292858

1.71

4.08385.28.84

3.90190.4

90735, 860

97

73

2.6063.3

213

3024,246

1273293

151817

80, 4345,7811,1511.16361.7

77, 19112873

174

105,63644, 166

47, 388

332, 487379, 875

3,3191,902

11,01810, 724

5904,0254,234

.78832, 236

33, 650

34, 5095,662.151

.170

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

Page 48: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

46 SURVEY OF CURKENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

FUELS— Continued

Petroleu m— C ontinued .

Gasoline — Continued .Production-

Natural gas (at plants) .thous. of bbls._Raw (at refineries) thous. of bbls

Retail distribution— 41 States-mills, of gals.Stocks, end of month —

Natural gas (at plant) -thous. of bblsRaw (at refineries) thous. of bbls

Kerosene:Consumption thous of bblsExports thous. of bbls-.Price, 150° water white dolls, per gal--Production thous. of bbls._Stocks at refineries, end of

month thous. of bblsLubricating oil:

Consumption thous. of bbls..Price cylinder oil dolls, per gaL.Production thous of bblsStocks at refineries, end of

month thous. of bbls. .Wax:

Production thous of IbsStocks, end of month thous. of Ibs

DISTRIBUTION MOVEMENT

Advertising

Magazine advertising thous. of linesMagazine advertising, total

cost thous. of dollsNational advertising in newspapers:

Building materials thous of linesElectrical appliances, sup-

plies thous. of Imes.-Financial thous. of lines..Foods and beverages thous of linesHeating and plumbing equip-

ment thous. of lines.-Medical thous. of lines..Passenger cars thous of linesRadio thous. of lines..Tires, trucks, and acces-

sories thous. of lines.-Tobacco thous. of linesToilet articles thous of linesTransportation thous. of lines. _\11 other thous of linesTotal thous. of lines- .

Newspaper advertising thous. of lines. .Radio broadcasting, facilities,

cost thous. of dolls. .

Agricultural Products (Marketing)

Agricultural total rel to 1923-25Animal products:

Dairy products rel. to 1923-25. .Fish rel. to 1923-25 _ _Livestock rel. to 1923-25Poultry and eggs rel. to 1923-25Wool . rel. to 1923-25Total rel. to 1923-25

Crops:Cotton rel. to 1923-25Fruits rel. to 1923-25Grains - rel. to 1923-25Vegetables rel. to 1923-25Miscellaneous rel to 1923-25Total rel. to 1923-25

Collections

Delinquent accounts, electrical trade:Amount dollars. _Delinquent firms number. .

Cost of Living

All groups.. . . . .rel. to 1923Clothing rel. to 1923-.Food . rel. to 1923Fuel and light rel to 1923Housing rel. to 1923Sundries . . .rel. to 1923

Forest Products (Marketing)

Distilled wood rel. to 1923-25..Gum. rel. to 1923-25Lumber _ ... .rel. to 1923-25.Pulpwood rel. to 1923-25..Total rel. to 1923-25. .

1931

April

""""648"

""""."145'

2,421

17, 173

:;:::;;;;

.........

"88," 737"

3,161

59.1

106.8186.182.4

141.478.299.7

29.870.663.493.4

53.0

112, 8431,258

88.282.084.990.684.196.8

67.498.358.0

124. 564.9

March

4,04835, 246

88448, 225

2,6911, 151.051

3, 676

6,300

1,950.145

2,293

10, 710

37, 520208, 620

2,203

16, 002

;;;::::;:

:::::::::

Febru-ary

3,63131, 328

782

69245, 355

2,272974

.0533,171

6,477

1,583.146

2,036

10,911

38, 640229, 414

1,992

15, 307

:::::::::

I 1930

January

4,14032, 708

821

60642, 818

2,5961,275.054

3,560

6,555

1,715.165

2,441

11,013

42, 560233, 044

1,585

10, 820

\ i

"90,244

3,141

267.3

102.9169.479.6

121.861.994.0

38.675. 180.0

104.3

64.4

138, 5921,228

89.183.286.592.584.696.8

270.539.7

2 55. 4121.92 61. 2

~ ~ 7 2 ~ 282"

2,591

2 67.0

293.3116.279.894.050.885.5

40.668.184.691.14.4

64.9

132, 6091,141

89.684.486.992.785.396.9

2 65. 825.551.6

104.22 56. 0

75,"823~

2,637

2 7 6 . 3

96.4103.496.295.025.394.7

64.070.281.098.04.3

274.3

112,2501,089

91.184.690.992.985.997.2

274 .237.150.5

110.9255.9

Decem-ber

4,19834, 352

887

5782 40, 741

2,7861,310.054

3,575

6,883

1,458.172

2,509

10, 971

36, 120232, 592

2,265

15, 352

75

7945,1143,579

2792,0251,2082,186

2,490938985

1,8904,229

25, 79582, 467

2,718

2 105. 0

92.798.993.9

137.857.197.8

144.967.179.879.45.3

2 105. 8

150, 3491,065

92.686.693.992.986.797.4

67.0117.750.7

115.658.0

Novem-ber

4,23833, 616

935

59638, 705

2,841970

.0533,590

7,379

1,573.184

2,409

10, 536

35, 840237, 027

2,488

17, 359

129

7514,4726, 156

3964,4153,0582,788

3,8593,7872,1401, 9914,678

38, 62289, 424

2 577

2 142. 8

77.8146.288.0

121.634.588.5

240.6109. 072.389.610.7

2 148. 8

96, 912868

93.987.796.892.987.597.6

67.0112.957.4

105.462. 9

October

4,32637, 400

1,019

55938, 684

2,5991,373.054

3,876

7,633

1,569.186

2,546

10, 502

38, 080240, 060

2,490

17, 759

229

5625, 5797,726

6764,2663,3983,604

3,9135,8802, 5901,7685,180

45, 37098, 437

2,674

2 200. 7

82.2172.0108.079.279.196.7

327.5249.082.6

168.420.1

2 212. 1

122, 1501,101

94.888.898.892.788.097.8

60.0143.163.499.3

! OK. 2

»- August

4,07936, 944

1,060

53438, 254

2,7681,349.053

3,846

7,771

1,944.190

2,723

10, 257

43, 960248, 940

2,145

15, 214

216

6855,1126,618

9792,3823,1543,584

4,0635,6331,8411,6894,623

40, 57988, 648

2,123

2 167. 2

86.3229. 193.978.230.991.2

219.3164.3139.0138.841.6

2 175. 5

93, 898939

95.490.599.792.188.797.6

50.2158.257.763.960. 2

4, 21237, 844

1,114

74441, 624

2,5731,687.050

3,975

8,030

1,940.193

2,971

10, 161

39, 760254, 990

1,658

12, 075

99

4593,7555,898

4841,7602,7361,049

5,4311,7602,0552,3233,318

31, 12670, 018

1,960

2 119. 5

94.6202. 076.571.6

360.591.4

mi180.581.924.8

* 122. 5

127, 0061,155

94.789.398.491.488.597.6

44.7171.262.876.16C. 0

July

4,23138,061

1,124

74146, 077

2,9331,021.052

3,929

8,319

1,887.210

3,018

9,953

45, 640254, 999

1,986

14, 316

117

7396,4466,428

4011,8534,082

927

5,6343,7422,9853,1303,427

39, 91172, 007

2,074

295.1

131.5263.376.690.6

545.1111.8

5.8124.4177.5113.4

2.6293.3

141,1621,106

95.291.098.691.189.197.8

42.2203.961.872.4€.5. 4

June May

4,26937, 537

1,027

92850, 225

2,3231,782.055

4,026

8,352

1,772.284

2,920

9,742

43, 680249, 748

2,752

19, 614

342

1,2476, 1627,781

4792,1943,781

649

5,9275,4133,1234,1015,812

47, 01088, 702

2,033

255.4

148.9185.279.2

112.0412.5116.7

14.057.858.5

151.02.7

248.7

157, 8211,096

96,592.5

101.291.589.998.1

! 56.4! 170. 7! 64.1

105.970. 0

4,52139, 293

995

92054, 046

3,181816

.0604,317

8,384

2, 394.340

3,185

9,578

45, 920248, 524

3, 022

20, 399

660

1,5486,3879,503

6082,9265, 169

958

7,6974,9193,4043,7286,987

54, 491100, 402

2,300

2 £n 7

134.6192.081.2

138.2142.7109. 8

29.071.956.1

136.56.1

254.3

215, 0011,449

97.292.8

102.792.090.698.2

71.8174.772.1

137.780. 1

April

4,42838, 157

976

70054, 435

3,2401,529.063

4,435

8, 068

2,116.343

3,193

9,649

54, 040241,853

3,173

21,861

615

2,0167,6179,220

6293,6355,817

856

6,0663,6063,6742,7196,397

52, 867101, 259

2,199

2 58. 2

106.8207.283.0

144. 464.1

100.5

39.056. 0

1 58.4i 95.1i 8.6i 2 53. 6/

i 203, 5721, 493

97.995. 0

103. 594.190.898. 1

83. 4100. 6

! 71.6135. 9

1 79. 1

2 Revised.

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

Page 49: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

47

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

1931

April

DISTRIBUTION MOVEMENT— Contd.

Postal Business

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

Domestic, issued (50 cities) — jQuantity _ - thousandsValue thous of dolls '

Domestic, paid (50 cities)—Quantity _ _ thousands.Value thous. of dolls

Foreign, issued thous. of dolls..!Postal receipts:

Total index rel. to 1923-25 .50 selected cities thous. of dolls50 industrial cities thous. of dolls..

Retail OutletsDepartment store sales, value of:

United States, adjusted rel. to 1923-25. _United States, unadjusted.rel. to 1923-25..Atlanta rel. to 1923-25 .

109.929, 2573,268

106101

March

724, 617

4,01537, 250

11,13281, 7475,014

113.130, 178

3,284

92

Boston rel. to 1923-25..

Febru-ary

642, 484

3,56733, 240

9,70170, 9354,032

100.126, 4053,215

9881

Ohicago. . . . rel. to 1923-25 !Cleveland rel. to 1923-25..Dallas rel. to 1923-25Kansas City. . . . _ _rel. to 1923-25Minneapolis rel. to 1923-25..New York . . rel. to 1923-25Philadelphia rel to 1923-25Richmond rel. to 1923-25..St. Louis _. .. rel. to 1923-25 .San Francisco rel. to 1923-25..

Department store stocks, end of month:United States, adjusted_.._rel. to 1923-25. _United States, unadjusted.rel. to 1923-25..Atlanta rel. to 1923-25..

8387

Boston rel. to 1923-25..Chicago rel. to 1923-25..Cleveland rel. to 1923-25.. iDallas rel. to 1923-25. „Kansas City rel. to 1923-25..Minneapolis rel. to 1923-25..New York rel. to 1923-25Philadelphia . rel. to 1923-25Richmond _. . rel. to 1923-25St. Louis. rel. to 1923-25..San Francisco rel. to 1923-25..

Mail-order houses:Total sales, 2 houses .thous. of dollsTotal sales, 2 houses rel. to 1923-25Sears, Roebuck & Co thous. of dollsMontgomery, Ward <fe Co.thous. of dolls..

Restaurant chains:Childs Co.—

Sales .thous. of dollsStores operated _ _ . number. _

J. R. Thompson Co.—Sales thous. of dollsStores operated . number

Waldorf System (Inc.)—Sales _ _ thous. of dollsStores operated __ number

Total sales, 3 chains-Total . . thous. of dollsStores operated number

10-cent chain stores, sales:F. W. Woolworth & Co.—

Sales thous of dollsStores operated., . _ number

F. & W. Grand-Sales thous. of dolls. .Stores operated... . . _ number

G. C. Murphy Co.—Sales thous. of dollsStores operated number. _

Isaac Silver & Bros. —Sales thous. of dolls..S tores operated number. .

J. C. Penny Co.—Sales thous of dollsStores operated number. .

McCrory Stores Corp. —Sales Ihors of dollsStores operated ,_. . number

Metropolitan —Sales _ . thous of dolls

52, 078159

31, 52020, 558

2,059110

1,360160

23, 8301,896

2, 004117

1, 588168

72345

15, 3801,454

3, 703243

Stores operated numberS. H. Kress & Co.—

Sales thous. of doll?..: 5,761Stores operated ..number.. ?W

S. S. Kresge Co.—Sales. thous. of dolls \Stores operated . .number

W. T. Grant Co.—Sales _ _. thous. of dollsStores operated number

Total sales, 4 chains —Sales . . thous. of doll^

6.402364

Stores operated numberMiscellaneous chain group:

Five and Ten —Actual rel. to 1923-25Adjusted for seasonal.. rel. to 1923-25. .

160167.9

8487

43, 008132

25, 40717, 601

2,064111

1,208117

1,351160

4,623388

23, 7241,894

1,664116

1,329166

59645

12, 4431,454

3, 381242

5,259213

January

687, 560

3,74936, 352

10, 59078, 2734,893

110.329, 1723,466

9779

86 8881 78

Decem-ber

767, 229

4,16539, 627

11, 71691, 92310, 443

145.338, 5724,418

94165152163167148159147129191152194142182

9185

79 73

39, 422121

24, 17715, 245

1,889111

1,082120

1,210160

4,181391

19, 3861,888

1,431114

1,204166

51345

9, 5401,453

2, 946242

4,487211

i

5, 334354

144158. 7

4,347350

127162.5

41, 459127

24, 83916, 620

2,083112

1,192120

1,295152

4,570384

19,2401, 886

1,371112

1,221166

47645

9,7251,452

2,903242

4,400211

9,825681

4,110350

36, 36S3,020

124160.8 !

72, 486222

43, 81428, 672

2,277112

1,246120

1,379152

4,902384

42, 3201,890

3, 545112

3,170166

1,42145

23, 7031,452

6, 783242

Novem-ber

637, 054

3,52534, 525

10, 24879, 9345,178

106. 228, 3793,028

9811397

11010689

1089978

12510111794

108

921049598

1149587

12073

12091

10395

107

55, 713170

33, 31222, 401

2,075111

1,186121

1,338147

4, 599379

24, 0771,890

1,894112

1,579165

67345

18, 9371,452

3,617242

12,061213

23, 982678

11,797348

85. 1463, 023

298153. 2

5, 528213

12, 503676

6, 677346

45, 7253,021

159158.3

October

742, 687

3,66235, 916

11,51490, 6474, 996

121.132, 2793,568

10211211511511310311811086

136114134104118

921919294

1139386

11973

11686

10095

107

68, 873211

38, 78530, 093

2,259111

1,287121

1,338145

4,884377

26, 4221,889

2,026111

1,621163

69344

19, 8601,450

3,606241

1930

Se££m- August i July

705, 963

3,41533, 923

9, 75879, 1744,781

107.928, 7643,160

991039088

10889

1071031001127992

108108

91958887

1078878

11369

107799389

100

54, 419166

33, 08621, 333

2,136113

1,215120

1,291147

4,642380

22, 3531,886

1,663111

1,344162

56645

15, 9561,446

3,278240

5, 716 5, 478213 911

12,853 11,265668 665

7, 084 5, 286340 318

48,597 ; 42,3743,011 I 3,002

168 i 147151.0 ! 356.0

695, 305

3,28533, 363

9,68177, 6705, 225

98.125, 8763,132

102

748476787973

63

73108

91878578998070

107669770828696

50, 682155

29, 71520, 967

2,173113

1,208120

1,261146

4,642O-Qo/ y

22, 0551,881

1,669108

1, 362163

60845

14, 3971,440

3,406240

1,226148

5, 125211

11,410656

5,385309

41,9962,988

146163.0

693, 627

3,43634, 672

10, 19781, 8005,428

101.226, 7613,157

10071677172686968617758

6691

94878381998066

100629771838296

48, 790149

30, 12118, 669

2, 050113

1,199119

1,252147

4, 501379

20, 7371,871

1, 669105

1,319163

59845

13, 6021,438

3.123240

1, 258148

5, 061211

10, 882645

4, 818305

39, 8032,967

138152. 0

June

680, 814

3,55435, 395

10, 61982, 6915,413

104.927, 9563,062

2 1059883989887898280

10984

1008497

96938988

1038872

10465

10478908699

54, 356166

30, 36723, 989

2,103114

1,225121

1,257147

4,585382

20, 7151,867

1,869103

1,289160

69645

15, 8281,435

3,212240

1,337148

5, 221209

11,400636

5,469303

40, 5482,952

141160.0

May

702, 499

3,81338, 266

11,19187, 6615,040

117.331, 3703,335

1051051011081121021069490

11991

11296

114

96989194

1119279

11069

109809591

105

59, 350182

34, 30025, 050

2,279115

1,314121

1,382145

4,975381

25, 3101,855

1,84098

1,410156

71545

17, 1701,430

3,588241

1,474147

5,399207

12, 778632

6, 153293

47,0752, 935

162174.0

April

676, 255

3,82837, 803

11, 56290, 6464,859

122.332, 6443,524

2 1071101041071191091069799

12095

113109114

971019594

1149282

11572

112859990

110

56, 561173

32, 78523, 776

1,330112

1,279121

1, 353144

4,962377

2 24, 3721,853

1,93696

1,291155

75145

17, 4521,428

3,651240

1, 348147

5,627205

12, 724624

2 5, 730287

2 46, 3742,922

159161.0

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

Page 50: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

48 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

DISTRIBUTION MOVEMENT— Contd.

Warehouses

Public merchanidse warehouses,space occupied p ct of total

FOREIGN TRADE

CanadianTotal trade:

Exports thous. of dollsImports _thous. of dolls. _

United StatesExports:

Grand total, includingreexports thous of dolls

Grand total, including reexports,index rel. to 1923-25 _

By grand divisions — •Africa total thous of dollsAsia and Oceania — •

Total thous. of dolls..Japan thous of dolls _

Europe—Total thous. of dolls..France thous. of dolls--Germany thous. of dolls-Italy thous of dollsUnited Kindgom thous of dolls

North America—Total thous of dollsCanada thous. of dolls ..

South America-Total thous. of dolls. _Argentina _ -_ -thous. of dolls. .

By economic classes-Total domestic: exports

only thous. of dolls..Crude materials -thous. of dolls. _Foodstuffs, crude, and

food animals thous. of dolls..Manufactured food-

stuffs ._ thous. of dolls. .Finished manufactures, thous. of dolls..Semifinished manufac-

tures thous. of dolls.-Agricultural exports (quantities) —

All commodities rel. to 1910-14...All commodities (except

cotton) rel to 1910-14Imports:

Grand total thous. of dolls __Grand total index rel. to 1923-25-By grand divisions-

Africa, total .thous. of dolls. .Asia and Oecania—

Total thoas. of dolls..Japan thous of dolls

Europe-Total thous. of dolls _ _France thous of dollsGermany thous. of dolls.Italy thous. of dolls. _United Kindgom.-thous. of dolls..

North America —Total thous. of dolls.

Canada thous of dollsSouth America —

Total thous. of dolls..Argentina _ thous. of dolls..

By economic classes — •Total thous. of dolls. _

Crude materials thous. of dollsFoodstuffs, crude, and

food animals .thous. of dolls .Manufactured food-

stuffs thous. of dolls..Finished manufactnrcs.thous. of dolls. _Semifinished manufac-

tures -_ thous. of dolls ._

EMPLOYMENT AND WAGES

General Employment Indexes

Factory employment, adjusted(Fed. Res. Bd.) :Total rel. to 1923-25Cement, clay, and glass rel. to 1923-25..Chemicals —

Group rel. to 1923-25Petroleum, refined rel. to 1923-25..

Iron and steel rel. to 1923-25 .Leather and its products, .rel. to 1923-25 ._Lumber and its products ..rel. to 1923-25.-Machinery -rel. to 1923-25Nonferrous metals . rel. to 1923-25 _Paper and printing rel to 1923-25Rubber products rel. to 1923-25Textiles . rel. to 1923-25 .Tobacco production rel. to 1923-25Transportation-

Group rel. to 1923-25-.Automobiles rel. to 1923-25..

1931

April

34, 67451, 189

217, 000

57.2

209, 87639, 977

8,626

19, 593111,088

30, 592

68

81

185, 74757.5

185, 74754, 729

28, 912

22, 99345, 719

33, 394

78.065.2

91.794.076.584.055.478.066.595.070.580.282.1

63.870.3

March

66.9

56, 29675, 348

2 235,881

2 62. 1

4,923

38,91317,995

113,83812, 45619, 1955, 691

39, 706

63, 06841, 860

15, 1394, 512

231,12656, 476

9, 588

23, 383110,254

31,425

87

86

209, 60764.9

3, 052

59, 55218, 454

62, 1746, 598

13, 4346,192

13, 033

50, 23024, 148

34, 5993,506

209, 60764, 015

33, 020

23, 55849, 225

39, 789

77.965.2

89.887.276.682.255.779.366.694.768.479.783.4

64.370.2

~ January

67.9

44, 91450, 994

224, 413

59.1

4,954

33, 25211,257

117,93813, 56416, 9604, 168

38, 626

52, 76235, 305

15, 50S4,922

220, 65847, 660

7,316

22, 165116,009

27,417

71

82

175, 108512

2,344

50, 18316, 255

51, 1726,8809, 4865,128

11,970

42, 29421, 454

29, 1152,849

175,10356, 357

28, 314

17, 73741, 168

31, 532

77.865.0

94.597.575.978.456.380.666.894.971.477.284.6

64.968.8

68.9

45, 63450,^14

249, 646

65.8

5,514

35, 43114, 713

131, f 9916, 676IV, 0155, 260

49,744

5b, 95233, 657

20, 0495,467

245, 75958, 625

8,487

27, 008117,061

34, 578

85

95

183,13256.7

3, 500

56, 02419,711

52, 9405, 881

10, 6823, 724

10, 813

43, 85823, 534

26, 9282, 35o

183, 13259, 318

27, 363

14, 64444, 947

36, 860

78.364.4

96.699.777.577.156.381.969.295.673.775.581.3

67.172.3

1930

Decem- 1 Novem-ber I ber

70.4

68, 05360, 338

275, 193

72.5

5, 635

42, 27912, 593

141,62119, 17220, 3268, 625

53, 871

61,92136, 326

23. 7378, 801

270, 81076, 735

13, 462

27. 033119,670

33, 910

109

105

208, 72164.6

3, 353

64, 94127, 208

56, 6617,275

11,6195, 252

11, 468

53, 25726, 139

30, 5092,519

208, 72169, 079

30, 029

22, 31249, 172

38, 129

i 80.1j 68.6

97.9100.879.176.658.884.271.2

! 96.774.777.483.5

69.4\ 78.9

69.9

74, 59276, 325

289, 021

76.1

6, 588

39, 21912, 425

155, 22722, 09423, 6%7, 582

61, 094

64, 47141, 689

23, 5168,728

285, 44190, 930

15, 592

29, 992115,802

33, 125

126

116

203, 71363.1

3,938

53, 03219, 620

56, 5608,227

11,1666,353

15, 289

54. 52630, 279

26, 6572,370

203, 71359, 243

27, 337

21, 04557, 826

38, 262

81.170.0

98.3100.880.277.460.485.771.897.075.279.482.0

68.676.4

October

68. 8

84 29878, 358

327,120

86.2

6, 272

44, 20411,2^9

174.65223, 68331, 5078,924

71, 918

76,17549, 165

25,81?10, 361

322, 941104, 829

15, 228

32, 143132, 729

38, 012

137

127

247, 32276.6

4,310

73, 90930, 577

77, 53011,67317, 3536, 461

17, 743

62, 15834, 306

30, 3882, 639

247, 32277, 487

32, 849

23, 14568, 321

45, 520

82.271.4

101.1104.381.380.262.188.072.698.475.480.783.5

67.269.6

Septem-ber

68.4

82, 19087, 900

311,889

82.1

6,460

41, 26815, 025

158, 71720, 06932, 9128, 105

57,841

79, 53352, 070

25, 9119,776

307, 94594, 268

18, 183

27, 825130, 569

37, 099

124

114

226, 35270.1

4, 257

62, 02023, 232

73, 42310, 35114,0504,976

17, 017

58, 58432, 508

28, 0283,396

226, 35275, 393

27, 582

20,60061, 791

40, 986

83.471.7

102.3106.681.782.762.490.273.699.075.382.485.1

69.7"71.1

August ! July

63 4

70,61377, 906

298,118

78.5

7, 525

33, 6418,821

143, 26216,15222, 7845,775

53, 928

82, 94553, 695

25, 7449,741

293, 89953, 156

24, 161

28, 317147, 505

40, 760

87

130

218, 41767.6

4,696

68, 78925, 249

63, 4958,806

14, 3344,546

13, 840

65, 12929, 286

26, 2793, 341

218, 41772, 617

26, 598

17, 21057, 797

44, 196

84.471.4

104.4110.183.985.165.190.876.1

101.180.081.084.1

71.774.8

67.8

77, 90684, 551

266, 619

70.2

7, 095

35, 9137,489

113,04311, 98614,1515,522

40, 628

82, 95655, 058

27, 61210, 816

261, 96036, 532

10, 656

24, 209144, 732

39, 830

57

98

220, 49468.3

5, 354

65, 28117, 147

62, 0467,857

. 12,7244,518

13, 901

57, 51530, 265

30, 2483,931

220, 49469, 585

29, 310

19, 66957, 242

44, 688

86.674.3

105.4111.187.386.867.895.278.7

101.782.481.090.4

74.981.4

June

68.4

80, 53691, 544

295, 097

77.7

8,497

43, 96012, 709

122, 83011, 15216,4566,240

47, 915

92, 17459, 715

27, 63612, 067

289, 82737, 484

13, 346

27,311164, 559

47, 127

55

93

250, 34377.5

5,013

71,19415, 357

72, 1477, 484

12, S] 76,770

15,511

66, 18138, 503

35, 5544,109

250, 34376, 643

35, 372

24, 81361, 790

51, 725

89.777.1

105.7113.090.088.971.699.580.3

102.488.085.789.7

78.986.5

May

70.3

79, 464101,545

319, 592

84.2

7,875

44, 74911, 325

135, 50815, 11017,22o

7, 71947, 002

101,60669, 559

29, 8.5311, 227

312,59240, 777

12, 448

30, 378179, 022

49, 967

56

90

284, 68388.1

5,611

74, 57713, 874

84, 13710, 30213, 04610, 46721, 353

81,13937, 358

39, 1809,159

284, 68386, 589

34, 7-t4

41,57168, 424

53, 354

91.479.3

106.5114.391.690.473.9

102.880.2

103.288.087.490.9

80.487.4

April

69.7

52, 50871,402

331,843

87.4

7,820

52, 78018, 325

142, 15916,85518, 9608,915

46, 713

98, 91563, 997

30, 60812,012

326, 54052, 432

9,356

27, 704189,266

47, 782

65

83

307, 82495.3

7,385

87, 26024, 433

93, 00410, 19417, 3008,698

24, 513

7?, 08836, 339

47, 59112, 226

307,824105, 559

38, 597

31, 17870,800

61,789

92.480.7

105.6116.191.991.575.2

105.681.0

103.188.088.690.1

81.087.9

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

Page 51: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

49

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

EMPLOYMENT AND WAGES -Con.

Genera! Employment Indexes— Con.

Employees on pay roll, unadjusted:Cleveland rel. to Jan., 1921_.Delaware rel. to 1923-25 _Detroit rel. to 1923-25__Illinois.-- . - rel. to 1925-27Iowa rel. to 1923 _Massachusetts rel. to 1925-27Maryland rel. to 1924 .New Jersey rel. to 1923-25New York State . _ rel. to 1923New York State .-number--Ohio . . rel to 1926Oklahoma number .Pennsylvania rel. to 1923-25Wisconsin ._- _ _ _. . rel. to 1925-27

Employment

Anthracite mines, employment.rel. to 1923-25-.Applicants per 100 jobs, employment agencies:

Canada number. .United States numberCentral States numberEastern States numberSouthern States numberWestern States number..Illinois . . _ _ numberWisconsin number. .

Employment, Trade Unions:Canada.- . ...p. ct. of total membership..United States.p. ct. of total membership-.

Employment, Canada rel of 1926Factories, time operated:

Total p. ct. of full timeChemicals and other

products p. ct. of full timeFood and kindred prod-

ucts- . . . p. ct. of full timeLeather and its finished

products.. p. ct. of full timeLumber and its manu-

factures p ct. of full timeIron and steel and their

products ..p. ct. of full timeNonferrous metals p. ct. of full t ime__Paper and printing p. ct. of full timeStone, clay, and glass

products _ . p. ct. of full timeTextiles and their prod-

ucts p. ct. of full timeTobacco manufactures. p. ct. of full timeVehicles for land trans-

portation p. ct. of full timeMiscellaneous indus-

tries. _ _ - p. ct. of full timeRatio actual time to capacity. . per cent

Factory employment relative to full normalforce:

Total 12 groups p. ct. of nor. force..Chemicals and other

products _.p. ct. of nor. force. _Food and kindred prod-

ucts p. ct. of nor. force--Iron and steel and their

products p. ct. of nor. forceLeather and its finished

products - . p. ct. of nor. forceLumber and its manu-

factures p. ct. of nor. forceNonferrous metals p. ct. of nor. force..Paper and printing p. ct. of nor. force..Stone, clay, and glass

products p. ct. of nor. force--Textiles and their prod-

ucts p. ct. of nor. force..Tobacco manufactures .p. ct. of nor. force .Vehicles for land trans-

portation p. ct. of nor. force--Miscellaneous p. ct. of nor. force

Federal Civilian Employees (Wash-ington) number

Hours of work in factories:Actual _. _ _ hours per weekNominal hours per week..

Labor turnover:Accessions p. ct. of no on pay rollSeparations-

Total, p. ct. of no. on pay rollDischarges_-_p. ct. of no. on pay roll..Lay-offs p. ct. of no. on pay roll--Voluntary

quits p. ct. of no. on pay roll--Labor disputes:

Disputes _ .number. _Man-days lost in month _ numberWorkers involved. number

Ohio construction, employ-ment rel. to 1926..

Railways, employees on pay roU__thousands_-

1931

April March

88. 8 90. 086. 9 88. 183. 5 83. 075. 6 76. 6

112.572. 2 71. 976. 2 76. 275. 7 77. 069. 0 69. 6

382, 045 384, 983

26, 36379. 4 79. 8

78.2

82. 9 79. 9

147i 179

215I 202

215! 75

228197

75. 0 74. 099. 7 100. 2

91

96

i 96

! 91

85

808796

i 91

9487

91

87

Febru-ary

90.087.681.276.5

114.671.275.577.468.5

379, 08980.9

28, 11080.277.6

87.1

14120223220926589

250250

84.473.0

100.7

90

95

96

92

84

808795

90

9385

91

87

i

I 71 917

!

37. 2 43. 2

41. 6 34. 83. 8 3. 1

23. 9 20. 6

13. 9 11. 1

36487, 785

_ _ 30, 159

71, 162

36.8

35.02.6

22.8

9.6

46241, 98315, 709

51.91.316

January j

89.887.176.576.3

113.869.473.677.967.5

373, 30479.8 1

28, 48778.9 !76.9

88.3

15622426125429391

331230

84.073.0

101.7

89

95

97

89

83

808695

90

9088

89

88

--- _

71, 252

35.0

33.92.2

23.0

8.7

2212 172, 628

2 1, 719

49.41.334

I

87.986.740.077.5

117.269.976.782.269.3

383, 51881.9

30, 07681.777.5

96.5

133218233239314103270191

83.077.0

108.5

90

95

97

87

84

808696

90

9091

91

88

71, 189

41.748.3

225.1

244.622.5

232.2

29.9

2 82 197,041

2 5, 385

59.81.357

87.487.975.877.7

117.773.278.885.872.0

398, 42482.1

32, 29484.778.5

94.7

189227251231344123280210

86.278.0

112.9

90

95

97

84

86

808796

91

9189

91

8868

76

75

88

73

83

667594

75

7896

6476

71,052

41.147.8

24.9

47.62.9

33.7

11.0

28270. 254

7,424

72.01.394

1930

91.694.079.080.2

114.375.481.688.274.3

411,33385.1

33, 34286.481.3

96.2

211193240192277

74278178

89.279.0

116.2

92

97

98

90

89

838997

93

9290

93

9071

77

77

89

75

88

687594

76

7897

! 661 79

70, 790

i 42.3; 48.2

30.1

< 52. 93.8

! 33.9

15.2

34336, 250

15, 649

82.6i 1, 455

Septem-ber

92.098.574.882.9

115.176.283.488.075.6

418, 26288.2

35, 05887.583.1

91.9

159170222181201

230188

90.679.0

116.6

92

96

98

91

89

849096

92

9090

93

9172

78

79

89

77

89

687594

77

7797

7079

70, 598

42.548.3

39.8

60.94.4

38.2

18.3

41202, 87413, 409

87.71.486

August July

96.1101.683.084.9

117.275.782.084.273.9

408, 89589.3

35, 13986.685.2

81.7

145177204214252

79234162

90.778.0

118.8

91

96

97

93

88

858996

92

8992

93

9071

78

77

85

79

90

717794

77

7597

7280

70, 197

42.649.1

31.9

67 74.2

47.0

16.5

32144, 530

7,161

96.61,514

99.4102.748.085.7

118.174.383.383.574.6

412, 69392.1

34,84987.690.5

90.3

16119822123125398

262150

90.878.0

118.9

91

95

97

94

88

868996

92

8893

93

9273

80

77

88

82

90

727895

77

7697

7582

69, 666

43.348.4

29.5

68.83.8

49.1

15.9

31148, 982

5,039

100.31,532

June

103.9107.299.091.2

122.578.586.284.177.5

428, 67896.5

34, 74891.989.0

89.5

15618620920224081

224155

89.480.0

116.5

93

97

97

92

90

889298

95

9093

94

8878

84

79

88

86

87

758097

81

8098

8186

68, 510

44.548.6

35.5

64.65.6

36.5

22.5

34150, 627

8,499

93.31.564

May

107.9109.4109.293.4

126.181.387.485.679.0

436, 926100.0

34, 28594.292.7

92.3

14816417317224393

196135

89.780.0

111.4

94

99

97

93

91

909398

96

9191

96

9480

85

81

87

88

88

768097

83

8296

8588

67, 036

45.248.9

38.6

60.85.6

31.5

23.7

30192, 201

4,640

93.51,601

April

107.4112.6110.595.0

124.383.488.686.880.3

444, 133^ 100. 933, 479

95.893.6

84.8

145162177177217

74190159

91.079.0

107.8

94

99

97

95

91

919498

96

9288

95

9482

87

90

86

89

91

778397

82

8497

8691

65, 778

46.148.8

43.2

63.56.5

31.3

25.7

41180, 445

5,711

92.31,573

2 Revised

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

Page 52: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

50 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

EMPLOYMENT AND WAGES— Con.

Wages

Anthracite mines, pay roll rel. to 1923-25. _Factory pay rolls (Fed. Res. Bd.):

Total rel to 1923-25Cement, clay, and glass rel. to 1923-25--Chemicals— •

Group rel to 1923-25Petroleum refining rel. to 1923-25 ..

Iron and steel rel to 1923-25Leather and its products... rel. to 1923-25 ..Lumber and its products- _rel. to 1923-2/5 ._Machinery rel to 1923-25Nonferrous metals rel. to 1923-25Paper and printing rel to 1923-25Rubber products rel. to 1923-25-.Textiles rel. to 1923-25. .Tobacco products rel to 1923-25Transportation — •

Group rel to 1923-25Automobile rel. to 1923-25

Farm wages, without board dolls, per monthIndustrial pay rolls:

Total, monthly-Delaware rel. to 1923-25-.New Jersey rel. to 1923-25New York rel. to 1923- .Pennsylvania rel to 1923-25Wisconsin rel. to 1925-27

Weekly-New York State- thous. of dolls. _Oklahoma _ -thous. of dolls. _

Road|building, wages of common labor:United States average cents per hour--East North Central section

cents per hour-East South Central section

cents per hourMiddle Atlantic section. ..cents per hour..Mountain section cents per hourNew England section cents per hour--Pacific section cents per hour..South Atlantic section cents per hour..West North Central section

cents per hour..West South Central section

cents per hour..Railways, average hourly wages dollars —U. S. Steel Corpn., wage rates-cents per hour..Weekly earnings of factory labor:

United States, totals, 23 industries-Grand total dollarsGrand total rel to July, 1914Men-

Total dollarsTotal rel. to July, 1914Skilled dollarsSkilled rel to July, 1914Unskilled dollars ..Unskilled rel to Julv, 1914

Women dollarsWomen rel to July 1914

Totals by States — •Illinois dollars ._Illinois rel. to 1925-27..New York _ - dollars. .New York rel. to 1923 _Oklahoma .dollars..

1931

April

63.8

73.655.7

92.096.769. 170.644.969.765.4

100.666.876.865.7

65.370.8

79.776.169.169.5

10, 414

35

38

203843475122

36

21

""so"

24.9988. 1

27.27100.1

Wisconsin . dollars..'.

March

55. 7

74.954.0

89.890.870.073.446.272.066.3

101.963.281.968.3

64.167.7

338.37

81.777.371.168.468.8

10, 723679

37

41

214144485224

37

23---

Febru-ary

79.8

73.251.4

92.9100.867.568.845.671.964.4

100.763.876.965.3

62.261.1

79.978.668.868. 365.8

10, 365711

36

33

223942485124

36

28.689

50

January

75.8

68.446.6

90.499.362.460.644.069.964.1

101.363.868.4 !64.3

51.840.0

77.077.566.766.260.0

10, 048730

36

37

214044485120

37

26.670

50

|- . . .!

25. 1388.6

27.87102.325.73

Wisconsin rel to 1925-27 ; iYoungstown district, wages of

steel workers p. ct. of base scale..

CONSTRUCTION

Building Costs

Building costs (A. G. C.), 1st ofmonth rel. to 1913

Building costs (E. N. /?.) 1st ofmonth rel to 1913

Building materials:Brick house, 6-rm., 1st of month

rel. to 1913_-Frame house, 6-rm., 1st of month

rel. to 1913..Construction costs (Am. Appraisal):

Brick, steel frame rel. to 1913

127.0

199

191.6

167

157

Brick, wood frame rel. to 1913.Frame rel. to 1913Reinforced concrete rel to 1913Factory costs (quarterly) (Aber-

thaw) rel to 1914Building volume (A. G. C.) .rel. to 1913. .

Construction Contracts Awarded

Total construction, unadjusted,F. R. B rel. to 1923-1925..

Total construction, all types:Projects numberFloor space. . thous. of sq. ft .-Valuation thous. of dolls. .

2 Rev

87

82

11,88839, 380

336, 925

sed.

127.0

199

194.5

170

163

178192178181

78

SO

10, 78837, 955

369, 981

25.2989.1

27.35100.425.28

127.0

200

196. 6

171

165

179194179182

24. 2585.5

26.9298.8

25.61

76. 5

127.0

199

194.5

170

163

179194179182

; 99 95

j

57 ! 55

7,629 6,911| 28, 339 24, 635! 235,405 227.956

193O

1 Decem-ber

85.0

73.756. 3

94.7101.466.758.150.475.067.9

105.762.672.277.7

60.855.5

8 39. 04

78.783.469.7

2 71. 363.9

10, 513808

37

37

224145515122

37

28.670

50

24. 231 193. 2

25.36190.726.30185.721.58201.515. 47197.3

25. 0988.4

27.42100.726.8720.84

! 81.1

127.0

199

196. 9

174

I 168

i 179i 1961 182i 1841 3 185| 123

; 61

7,39129, 055

249, 4363 Q

Novem-ber

83.2

75.160.9

96.1103.268.955.054.775.167.3

105.058.773.476.8

60.857.4

78.187.772.274.866.2

10, 883869

38

37

2440475052

35

26.679

50

24.06191.9

25.15189.126.11184.421.29198.815.22194. 1

25.3189.2

27.32100.326.9121.3384.1

127.0

199

198.5

172

165

ISO196183185

October

102.3

80.866.4

99.9109.375.869.760.481.469.4

105.465.980.378.0

62.858.4

87.193.476.280.773.0

11, 489836

39

38

244148495322

38

27.659

50

24.92198.7

26.25197.427.25192.422.13206.615.72200.5

26.4293.1

27.94102.625. 0622.8989.0

127.0

200

198.7

176

171

186202188190

Septem-ber

78.2

83.066.4

101.3113.875.476. 260.984.270.7

106.371.881.280.0

66.062.4

3 44. 28

89.793.080.081.472.3

12, 061944

40

38

244248505323

37

27.664

50

25. 22201.1

26.87202.028.08198.321. 93204.815.27194.8

26. 4393.1

28.84105.926.9222.1685.6

127.0

198

199. 6

174

168

188206191193

3 185173 186 199

62 82 81

9,127 12,158 , 11,49533, 099 39, 484 41, 193

, 253, 574 i 336, 706 i 331, 864

uarter ended in month indie

August

68.2

81.766.4

102.7117.277.580.061.685.672.0

106.977.673.277.2

66.358.1

93.289.377.282.073.9

11, 631958

39

37

234246505328

36

26.697

50

25.38202.4

27. 15204. 128.35200.222.30208.215.71200.4

26.4593.2

28.45104. 427.2722.2186.0

127.0

198

201.0

175

167

190208194195

206

84

11,62139, 760

346, 643

ated.

July

72.6

82.666.4

100.8118.178.678.663.090.976.0

107.380.869.281.9

71.772.4

94.288. 177.781.277.7

11,717971

40

38

254247495325

36

26.651

50

25.72205.1

27.33205.528.55201.622.26207. 815.88202.6

26.2792.6

28.40104.327.8521.4783.6

127.0

199

201.0

177

173

193211197197

199

89

12, 53344, 577

366, 878

June

73.2

90.776.1

105.3121.790.873.870.9

102.785.0

111.988.377.884.4

83.889.2

3 47. 24

101.190.182.089.183.0

12, 369982

40

38

254348495426

37

28.653

50

26.48211.2

28.56214.729.87210. 923.13216. 016. 13205.7

27.4996.9

28.86105.928.2523.9692.8

127.0

200

203.4

179

175

193212198198

3 189191

146

13, 35948, 214

COO, 573

May

85.8

94.576.9

106. 6120.595.575.673.2

108.384.4

113.395.482.782.1

91.1101.7

103.893.384.094.989.0

12, 6671,013

40

39

254148485226

37

28.688

50

27.05215.7

29.19219.530.50215.423.85222.716.27207.5

28.1499.2

29.00106. 529.5424.7995.7

127.0

201

205.9

181

177

196213201200

176

111

14, 33153, 732

457, 416

April

63.9

97.177. 1

110.9122. 197. 781. f373.8

113. 488.3

113. 594.589. 377. 1

92.0100. S

108.195.286. 498.691.9

13, 030933

40

33

424>>5153

33

33652

50

27. 64220.4

29.74223. fi31.09219. i)24.41227. 916. 59211.6

28. 40100. 429. 35107. 724. 8325. oo98.4

127. 0

201

207. 2

17»>

173

1'.)'}213202200

14>]

us14, 68*~>56, <-,03

482, 877

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

Page 53: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS-Continued

51

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

CONSTRUCTION-Continued

Construction Contracts Awarded— Con.

Commercial buildings:Projects number. -Floor space thous. of sq. it-.Valuation _ _ thous. of dolls _

Educational buildings:Projects . numberFloor space thous of sq ftValuation thous. of dolls

Hospital and institutional buildings:Projects _ _ _ _ _ _ _ _ _ .number-Floor space thous. of sq. ft._Valuation thous. of dolls _ _

Industrial buildings:Projects numberFloor space thous of sq ftValuation thous. of dolls

Public buildings:Projects _. number--Floor space thous. of sq. ftValuation _ _ thous. of dolls. .

Public works and utilities:Projects numberFloor space thous. of sq. ft ._Valuation thous of dolls

Religious and memorial buildings:Projects ._ _ _. __ number. _Floor space thous of sq. ftValuation thous. of dolls .

Residential buildings, all types:Projects numberFloor space ___thous. of sq. ft._Valuation thous. of dolls. .

Social and recreational buildings:Projects ... number--Floor space thous. of sq. ftValuation . thous. of dolls. _

Contracts awarded, Canada. ..thous. of dolls. _

Employment

Ohio, construction rel. to 1926. .

Highways

Concrete pavements, new contracts:Total thous. of sq. yds_.Road thous. of sq. yds__

Federal-aid highways:Completed—

Cost thous. of dolls__Distance ._. miles..

Under construction, end of month.. miles ._

PUBLIC UTILITIES

Gas and Electric Power

Electric power companies, grossrevenue thous. of dolls..

Electric power production:United States-

Total -__mills. of kw. hrs._By fuels mills, of kw. hrsBy water power mills of kw hrsIn street railways, manufactur-

ing plants, etc _ mills, of kw. hrs.-In central stations mills of kw hrs

Canada —Total mills of kw hrsBy water power mills, of kw. hrs _Exported .. _milis. of kw. hrs

Rate of manufacturing operations (based onconsumption of electric energy for power pur-poses). (See under General production.)

Telephone

Telephone companies:Operating revenues thous. of dolls. _Operating income thous. of dolls

Telegraph

Commercial telegraph tolls thous. of dolls _ _O perating revenues thous . of dollsOperating income thous. of dolls

Transportation

Express earnings:Operating income thous. of dolls ._Operating revenue thous. of dolls -

Electric railways (212 companies):Average fare.. cents..Passengers carried thous. of persons. -

Inland waterways:Allegheny River _ short tons. -Cape Cod Canal short tons.-Mississippi River Government

barges ._ .short tons..

1931

April

1,607785

132, 993

7,22122, 63395, 896

22, 708

24, 67121, 982

9,100254

9,569

134, 854203, 085

March

1,681522

151, 722

6,48622, 090

100, 913

27, 312

19, 46717, 573

5,826205

8,277

176, 300

7,8605,2402,620

4527,408

1,4141,392

128

77, 21418, 6EO

9,34612, 024

1,406

52, 700163, 186

82. 970

Febru-ary

1,2763, 825

27, 513

1472,272

16, 685

59908

7,708

2211,4997,309

832,019

10, 705

1,080246

78, 643

94392

3,926

4,52016, 55977, 918

149619

4,99925, 930

51.9

9,4038,321

9,654188

7,489

182, 280

2 7, 1582 4, 9972 2, 161

4102 6, 748

1, 3362 1,311

145

73, 27716, 864

8,32610, 806

724

1349,687

629, 336

49, 620165, 789

69. 572

January

1,1354,567

28, 435

1462,800

19, 408

55600

4,855

2361,620

10, 067

86952

5,364

978393

95,211

90241

1,685

4,05612, 23554, 376

1291,2268,557

20, 299

49.4

10, 1079,218

17, 416423

6,957

2 197, 960

2 7, 9472 5, 5972 2, 350

4602 7, 487

1, 4851,457

162

76, 82417, 892

8,94311, 528

609

1289,884

692, 709

56, 740233, 890

3 75. 512

1930

Decem-ber

1,1743,555

25, 092

1974,012

24, 527

69752

6,769

2662,090

12, 946

1071,710

19, 545

1,009697

78, 621

102446

5,177

4,34014, 70570, 911

1271,1085,849

24, 542

59.8

8,8085,081

42, 7511,0717,030

191, 920

8,1085,7462,362

5027, 606

1,5421,513

149

77, 82016, 070

10, 01212, 9731,517

10010, 509

718, 784

64, 170225, 021

107. 507

Novem-ber

1,4814,727

29, 509

2024,275

29, 528

72816

6,937

3182,056

12, 967

114645

5,240

1,292468

76, 378

111496

4,564

5,36818, 84480, 782

169771

7,67039,311

72.0

6,2934,790

40, 4181, 1387,785

187, 340

7,6935,5022,191

4657,228

1, 5151,488

142

76, 13917, 148

8, 64711,348

735

11910, 156

658, 789

230, 423225, 322

83. 430

October

2,0156,673

35, 653

2833,584

28, 554

1101, 052

11, 556

3852,610

13, 785

1371,176

14, 553

2,017339

112, 966

162667

5,386

6,82222, 337

104, 670

2271,0479,583

33, 332

82.6

9,7456,820

41, 0881,0258,325

182, 950

8, 1725, 9032, 269

4867, 686

1,5751,550

161

79, 17319, 074

10, 13713, 157

1, 829

11810, 940

701, 279

246, 832230, 043

102. 569

Septem-ber

1,8415,721

31, 137

3804,150

28, 233

1361,753

16,547

3475, 434

24, 043

1371,300

11, 661

2,1461,484

109, 092

189860

6,576

6,09719, 68898, 535

222804

6,04032, 407

87.7

10, 0806, 360

18, 422544

8,459

174,940

7,9655,5132,252

4797,286

1,4431,419

154

76, 92517, 756

10, 11713, 0541,467

11510, 810

646, 036

282, 393244, 640

113.749

August

1,9197,914

50, 860

5484,141

25, 897

1191, 609

13,415

4173,611

18, 175

1372,031

12, 547

2,0761, 297

126, 722

206852

6,879

5,97916, 84382, 670

2201,4629,478

49, 407

96.6

10, 6577,243

18, 541537

8,339

168, 100

7,8785,3912,487

5267,352

1,4121,391

143

76, 27916, 445

10, 12112, 9651,400

12410, 416

8,352646, 750

387, 260247, 376

70. 088

July

1,9257,332

46, 941

8236,514

42, 748

1261,900

12, 673

4015,073

28, 882

1562, 650

13, 947

2,316946

121, 151

220873

8,030

6,29718, 23184, 333

2691,0598,173

37, 374

100.3

17,41612, 720

13, 844483

8,055

167, 200

7,8695,0102,859

5417,328

1,4261,404

132

76, 85015, 452

10, 13113, 090

875

9310, 891

8,340655, 477

367, 727219, 574

84. 266

June 1 May!

1,9169,489

59, 080

6966,730

48, 919

1251,903

19, 675

3833,721

22, 693

1551,1158,554

2,5941,907

322, 842

2361,315

11,809

7,01220, 78296,816

2421,253

10, 18754, 728

93.3

18, 15613, 860

22, 939938

7,709

176, 920

7,7524, 7153,037

5417,211

1,4351,414

136

77,81517, 432

10, 75913, 7681,412

8311, 153

8,328681, 788

307, 823208, 467

140. 176

2,2679,897

73, 340

5186, 213

36, 890

1251,401

10, 312

4337,516

37, 352

1121, 598

10, 033

2,4061,099

152, 128

2081,131

10, 374

7,98223, 462

116, 569

2801,416

10, 41946, 862

93.5

18, 91414, 899

9,317445

7,674

172, 900

8,0154,8213,194

5187, 497

1, 5451, 524

129

80, 50718, 141

10, 95714, 0591,445

15311, 734

8,320736, 202

310, 711214, 302

124.924

April

2, 33110, 51073, 241

4015, 842

35, 156

1152,918

25, 874

5014, 597

22, 103

1381,779

11, 399

2,1511, 999

165, 688

2041,4398, 866

8, 56625, 402

123, 142

2792,117

17, 40948, 779

92. 3

18, 57014, 338

6,031302

7,230

176, 300

8,0004, 7163,284

4897,511

1,5021,481

113

79, 8oO18, 877

11,00213. 964

1, 673

7411,471

8,308728, 820

335, 262184, 002

101. 1222 Revised.Digitized for FRASER

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

Page 54: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

52 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

PUBLIC UTILITIES-Continued

Transportation— Continued

Inland waterways— Continued.Monongahela River. ..thous. of short tons_.New York State canals

thous of short tonsOhio River, Pittsburgh to Wheeling

thous. of short tonsPanama Canal-

Total cargo traffic -thous. of long tons__In American vessels

_ _thous. of long tons--In British vessels -thous. of long tons_.

St. Lawrence CanaL.thous. of short tons..Sault Ste. Marie Canal

thous of long tonsSuez Canal thous of met tons"Welland Canal short tons

Ocean traffic:Clearances, vessels in foreign trade —

Total thous. of net tonsAmerican. thous. of net tonsForeign thous of net tons

Passenger travel:Arrivals from abroad — •

Immigrants numberUnited States citizens number -

Departures abroad —Emigrants . . numberUnited States citizens .number. -

National parks-Visitors numberAutomobiles entered number

Passports issued numberPullman Company operations:

Revenue thous. of dollsPassengers carried .thousands -

Trend of business in hotels:Average sale per occupied room. ..dollars ..Room occupancy... ...p. ct. of capacity. _

Shipbuilding:Rate of activity (elec. energy

consumed) rel. to 1923-25--Building or under contract, end of

month-Merchant vessels thous. of gross tons

Completed during month —Total - _ _ . . _ _ _ .gross tons. -Steel, seagoing gross tons..

Steam railways:Equipment-

Freight cars —In bad order, end of month —

Quantity . . carsRatio to total cars-. .per cent__

New orders carsOwned, end of month-

Quantity thous. of cars--Capacity mills, of Ibs

Shipments —Total cars..Domestic . _. cars

Unfilled orders (railroads) —Total carsOf manufacturers cars-.In railroad shops cars.-

Locomotives (Am. Ry. Assc.}—Exports, steam numberIn bad order, end of month-

Awaiting classified repairsnumber--

Ratio to total locomotivesper cent

Installed. __ _ number. .New orders numberRetired number .

Owned, end of month-Quantity number ._Tractive power. .... .mills, of lbs_.

Shipments, manufacturers (Census)—Total number. -Electric, domestic number. _Steam, domestic _. .. number .

Shipments, electric locomotives —Industrial (quarterly) number

1931

April

1,518

713

2,011

929436319

922

370, 003

5,9072,0923,815

March

1,535

546

1,916

910429

Febru-ary

1,359

January

1,571

428 505

1, 930 2, 107

864 958448 540

2,440

5,0441,7733,271

3,57734, 861

4,69332, 278

2,474

4,9721,6953,277

3,14727, 508

4,72033, 172

21, 466

2.7363

92.5

13, 7664,985

2,768

1,0821,082

5

5,958

10.967

151

55, 3662,520

152

12

Mining (quarterly) numberUnfilled orders (railroads), end of mo.—

O f manufacturers number. _In railroad shops - number

Unfilled orders, manufacturers' (Cen-sus)—

Total numberElectric, domestic number. .Steam, domestic number

Passenger cars—In railroad hands, end of quarter

numberNew orders cars -Shipments-

Total cars.-Domestic carsUnfilled orders, end of quarter

. number..

5724

80---

4

3737

14, 328

4,8941,966

3.6361

98.3

409

17, 44313,976

162,1177.3

2,166

2, 251210,102

762657

7,4841,5695,915

5,967

10.9778

161

55, 4502,522

ll5

3173 55

7,255

5,3461,919

3.8464

114.8

412

25, 6229,703

153, 6066.9

24

2 2, 253210, 235

633533

8,6372,2076,430

2

5,734

10.4868

128

55, 5342,525

155

10

60 5726 ! 29

95 1032 ! 7

81 85

351,489' -

2424

3125

3030

2,744

5,4141,8433,571

4,09119, 844

4,39724, 885

48, 8749,2117, 445

6,0722, 203

3.8066

113.9

421

29, 41321,045

147, 6506.7

2,2542 210, 229

845735

8,7992,6816,118

5,522

10.0. 80

2182

55, 5762,525

166

10

6430

911278

3333

1980

D^-jN^- October

1,547

500

2,167

95353638

311i 2, 2461 68 400

5,5051,9913, 514

6, 439I 28, 535

5,45021, 140

! 37, 2466, 010

: 6, 565

5,418: 2, 180

3. 7260

99. 0

344

25, 97118, 391

147,3346.6

2, 691

2, 258210,426

607436

9, 7803, 376

i 6, 404

3

| 5, 216

! 9.5! 92

60; 390

! 55, 6782,528

49

3?

323376

! 90: so

10418

| 86

3 51,644•\ 2

•\ 8!| §

: 3264

1,811

390

926

2,263

1,009615563

5,1302,186

583, 907

6,2242,5013,723

9,20922, 381

4,95124, 420

43, 3617,9377,496

5,3052,031

3.9665

105.5

359

53, 55139, 830

155, 8837.0

2,862

2,271211, 788

1,1821,139

3,7161,1252,591

5,102

9.2964

268

55, 9852,541

436

37

5933

932563

10

6767

2,075

608

1,037

2,394

1, 133546877

9,0942,217

916, 563

7,0742,6514,423

13, 94240, 702

5, 35232, 988

67, 08915. 5967,834

6,0162,278

3.9069

121.5

366

51, 66716, 895

157, 7277.1

3, 291

2 272211,' 823

2,3842,307

5,4232,4452,978

5

4,936

8.9127

7206

56, 1572,541

502

48

10237

1323196

7373

Septem-ber

2,087

458

928

2,060

1,040436914

10, 3472,204

980, 532

7,6533,0604,593

17, 79280, 900

5,10056, 526

183, 58343, 9398,772

6,4762,517

3.8264

124.1

423

32, 08320, 125

157, 1417.1565

2, 275211, 942

4,2354,176

6,1754, 1272,048

2

4,676

8.614725

198

56, 2362,541

653

62

3 33 113

14338

17433

136

3 51, 77062

5050

3 465

August

2,152

457

998

2,145

1,022532

1,006

11, 2672,288

985, 829

8,4803,3595,121

14, 81669, 957

5,24588, 372

549, 287127, 15310, 510

7,1282,767

3.9660

122.8

489

75, 03033, 302

153, 0466.8823

2,274211, 831

5,9405, 934

10, 8027,7233,079

2

4,585

8.216134

216

56, 2872,540

775

68

July

2,154

563

1,106

2,402

1,221578928

12, 3672,390

850, 918

8, 0673,3714,696

13, 32338, 822

4,81855, 366

596, 699143, 04916, 084

6, 4852,541

3.8659

116.8

465

45, 06915, 974

144, 9876.5

1, 306

2,274211, 550

5,3485,348

17, 23014, 2472,983

4

4,562

8.2118

2156

56, 3422,537

563

52

18946

23436

193

13"

3535

24254

29141

243

---

4141

June

2,152

416

1,015

2,147

1,062556875

12, 6502,111

756, 563

7,5092,8224,687

14, 94432, 284

4,32040, 103

293, 93177, 15332, 405

7,1982,679

3.8962

111. 8

487

29, 80617, 395

140, 5946.3794

2,272211, 221

5,0665,059

22, 75919, 1613,598

3

4,515

8.1165

193

56, 3802,535

81

80

3 53 136

30064

34344

291

3 51, 77713

6666

3587

May

2,265

402

1,002

2,262

1,116511841

11,3202 542

805^ 262

7,5253,1124,412

19,41425, 487

3,72027, 593

121, 19435,81943, 227

6,1712,351

3.7668

113.2

488

45, 57026, 248

137, 3866.2

1,079

2,270210, 890

6,7856,785

28, 69625, 0503,646

9

4,450

8.017718

226

56, 4102,533

58

56

35477

42044

367

72~

7269

April

2, 113

312

879

2,457

1.120685111

4102, 475

141,679

6,7032, 9663,738

22, 26132, 115

3,94726, 707

75, 51514, 32233, 148

6,2472,420

4.0568

130.1

366

16, 9304, 166-

129, 8655.9

1, 543

2, 270210, 726

9,0878. 874

31, 84626, 518

5, 328'

4

4, 563-

8.214929

166-

56, 456.2,531

97

94

239'123-

469'45'

417

--;

7765-

2 Revised. * Quarter ended in month indicated jDigitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 55: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

53

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

1931 1930

April | March

2,986488130

1518529

8991,205

602, 832282,315251, 679

PUBLIC UTILITIES—ContinuedTransportation—Continued

Steam railways—Continued.Financial operations—

Net operating income.thous. of dolls..Operating revenues-

Canada thous. of dolls..United States-

Total thous. of dolls..Freight thous. of dolls..Passengers thous. of dolls..

Operating expenses thous. of dolls..Net operating revenue, Canada

thous. of dolls..Freight cars—

Carloadings—Total thous. of cars..Coal and coke thous. of cars..Forest products thous. of cars..Grain and grain products

thous. of cars..Livestock -.thous. of cars..Ore thous. of cars..Merchandise, 1. c. Lthous. of cars..Miscellaneous thous. of cars..

Car surplus (daily average, last weekof mo.) —

Total cars..Box cars..Coal cars..

Operation results—•Freight carried 1 inile—

Canada mills, of tons-United States..mills, of tons..

Passengers carried 1 mile_millions_.Receipts per ton-mile cents..

FINANCEAgricultural Finances

Loans outstanding, end of month: !Federal farm banks mills, of dolls. J 1,185 IFederal intermediate credit banks

mills, of dolls.. 133Joint-stock land banks mills, of dolls.. 549

BankingBank debits:

Canada mills, of dolls..New York City mills, of dolls.. 26,821Outside New York City mills, of dolls..: 19, 620Outside New York City.._rel. to 1923-25.. 99. 5

Brokers' loans, end of month: jBy N. Y. F. R. member banks |

mills, of dolls._j 1, 730Ratio to market value per cent.. 3.49Total mills, of dolls.. 1,651

Deposits, New York State savings banks,end of mo mills, of dolls.. 5,059

Federal reserve banks:Bills discounted mills, of dolls.. 157Notes in circulation mills, of dolls.. i 535Reserve ratio per cent.. 84 oReserve ratio rel. to 1923-25.. 109.2Total deposits mills, of dolls.. 2,434Total investments mills, of dolls.. 751Total reserve mills, of dolls.. 3,334

Federal reserve member banks:Net de:iiaii(i deposits mills, of dolls.. 13, 064Total investments mills, of dolls.. 7,903Total loans and discounts..mills, of dolls._ 14* 993

Interest rates: 'Call loans, renewal per cent.. l 52Federal land banks per cent.. 5^63Intermediate credit banks per cent.. 4^03New York Federal Reserve

Bank (dis.) percent.. 1.50Prime bankers' acceptances per cent.. 1, 50Prime commercial paper

(4-6 months) percent..! 2.38 jPrime commercial paper (4-6 months) ! !

rel. to 1923-25..j 55.2 iTime loans, 90 days percent.. 2.00 I

Business Failures I jFirms (United States): I

Total commercial.. number.. 2, 383Manufacturers number. _ 515Trade establishments number.. 1, 710Agents and brokers number.. 158

By groups-Manufacturers— !

Total number. _! 515Chemicals number..! 9Foodstuffs number. J 38Leather number. J 12Liquors and tobacco number..; 6Lumber number. J 75Printing and engraving.number.. 10Stone, clay, and glass number. J 5Textiles number.. 78Metals number . 55All other number-. 227

1 Revised.

45,906

376,149291, 28947,150

291, 582

2,940555138

1537923

8861,105

621, 509298, 837252, 825

29, 960

Febru- !ary I January

27, 264

26, 788

336,632257, 52146, 455

272,116

121

2,836584138

1658822

842997

650,964324, 938253, 515

1,951 !27,0791,747 j1.049 !

1,187

138544

2, 57027,589 j19, 42198.4

1,8753.581,909

5,018

2501,48682.6107.42,507723

3, 296

13, 7487,55115, 382

1.55 !5.63 I4.00 1

2.001.50

2.50

58.02.13

2,604582

1, 843179

582537239612777952282

1981,478 i83.7108. 8 !2,399 i

708 I3,244 !

13,614 |7, 183 '15, 464

1.50 I5.63 !4.00 I

2.00 !1.44 I

2.63 I

61.0 !1.88 !

2,563 I583 I

1,831 !149 i

583 !13 i37 i14 I9 i72 |1549654269

33, 849

28,141

365, 900277, 01453, 349294, 082

424

3,491817156

19612426997

1,175

648, 750336, 577240, 292

2,01630, 3141, 9151. 015

1,187 | 1,187 j |

128548

2,535 i20,948 I17,084 !86.6 !

1,798 |3.22

1, 840 |

128550

2, 66824, 55721, 697110.0

1,7343.301,720

4, 928 4, 888

2321,49482.2106. 92,448735

3, 243

13, 6806, 84315, 753

1.575.634.00

2.001.56

66.82.13

3,316611

2, 541164

611103217676211112444270

Decem-ber

49,372

33, 450

377, 933280, 90955, 443

297, 606

5,910

2,784638121

1439422

820946

706, 538380, 603251, 358

2, 239'. 29, 026

2,0151. 052

1,187

130553

3,01229, 00122, 113

117. 2

1, 9263.86

1,894

4,792

2511, 66473.795.8

2, 5171,1003,082

13, 9996, 693

16, 263

2.235. 634.00

2.001.88

2.88

66.82.25

2, 525537

1,834154

5379

34146

7715128534

251

Novem-ber

62, 069

35, 474

398, 786311,04348, 710

299, 301

7,579

4,127852174

19014092

1, 1331,546

580, 498304, 100213, 752

2,63332, 2951,8281. 050

1, 188

132567

2, 97422, 49019, 700

99.9

2,1114.06

2,162

4,666

2751,45580.3

104.42,422

7803, 115

13, 9086, 800

16, 516

2.005. 634.00

2.501.88

2.88

66.82.13

2,031448

1,447136

4485

278

107118147134

190

October

112, 251

42, 093

483, 455385, 684

52, 368326, 286

11,408

3,818733159

163129154766

1,514

402, 637230, 705126, 935

3,09639, 292

1, 9591.063

1,189

126560

3, 61830, 78123, 693120.1

2,5124.65

2, 556

4,658

2071,36882.2

106.92,465

7713,149

13, 8306, 731

16, 764

2.005.634.00

2.501.88

3.00

69.62.50

2,124499

1,474151

4997

3515145420129734

211

Septem-ber

104, 078

44, 340

467, 469363, 47359, 092

320, 131

11, 435

3,725638162

189108195944

1,490

394, 032202, 298139, 416

3, 56236, 220

2, 2531.081

1,190

123563

2,96727, 38321, 253

107.7

3,0635.79

3,481

4,772

2721,37979.7

103. 6. 2,532

8133,118

13,8126,454

17, 013

2.195.634.06

2.501.88

3.00

69.62.63

1,963434

1,395134

4349

35148

65167

5330

197

August

95, 604

38, 804

466, 370354, 713

67, 432327, 204

5,619

4,670769207

304106384

1,1791,821

431,971232, 896141,721

2, 26837,421

2, 6341.040

1,191

123565

3,80225, 05220, 966106.3

3,1105.31

3,559

4,591

2151,37481.1

105.52,423

7793, 079

13, 6296, 338

16, 830

2.215.634.13

2.501.88

3.00

69.62.63

1,913566

1,234113

5661429211198197

5533

279

July June

38,071

457, 025347,29365, 805331, 562

444, 848331,64767,146334, 638

May

69,174

37, 845

463,130354, 32660,406351, 780

5, 702 | 5,486 4,107

3,556 !557160 !

233 I80245899

1,382

454,815232,235 !

165,499 '

2,13135, 5802,5671.071

3,719 i579199

166 I86 i250967 !

1,472

465,464246, 622163, 396

2,53834,4192,5131.063

1,192 i 1,193 |

111 i567

3,09429, 60023,171 :117.5

3,2285.493,689

92569

3,39837, 69024, 648

4,599740265

188117259

1,2101,820

441, 503233, 664148, 873

2,213 !36,9562,1971.071 !

1,194 I

96 I572 I

April

62, 272

36, 805

451, 203345,81359, 586348, 214

5,054

3,619571230

a 1579651

1,0041,510

427, 925203, 192168, 930

2,13734, 8942,1201.097

1,194

90574

3,427 i 3,08237,423 | 38,63124, 416 2 24, 315

124.9 i 123.8 i 2 123.3

2001,34283.4108.52,447714

3,160

13,7986, 29116,945

2.205.6i ;4.17 I

2.50 !1.88 i

3.25 I

75.4 '••2.75 i

2,028425

1,481122

4251137101812095145160

3,2195.833,728

4,559

2721,42481.8106. 42, 455724

3,174

13, 7406,12016, 960

2. 62 i5.58 |4. 55 I

2. 50 j2.13

3.50 I81.2 !

4,0226.334,748

4,505 j

313 |1,489 !87.4 j105.9 |2,436 |

719 j3,195 I

13, 3885, 88916,837 j

3.12 |5.584.83 |

3.00 !2.50

3.75

87.03.50

4,2746,72

5, 063

4,507

2331,50782.5107.33, 434750

3,252

13, 5815, 78916, 964

4.005.584.98

3.502.94

90.04.13

2,026 2,179 I 2,198507 I 501 j 534

1, 393126

50794586852277528222

1,580 |148 i

501529144 i9421135743221

1,500164

53493843

10615106142246Digitized for FRASER

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

Page 56: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

54 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

FINANCE -Continued

Business Failures— Continued

Firms (United States)— Continued.By groups — Continued.

Traders-Total numberBooks and paper number, .Chemicals and paints. . .number..Clothing . number .Foods and tobacco .number..General stores numberHousehold f urni ture number. .All other number

Firms (Canada) number..Liabilities (United States):

Total commercial thous. of dolls. .Total commercial - ..rel. to 1923-25..Manufacturers thous. of dolls. .Trade establishments ... thous. of dolis..Agents and brokers thous. of dolls. _

Liabilities (Canada) thous. of dolls .

Dividend and Interest Payments

Grand total mills, of dolls. .Dividend payments:

Total mills, of dolls. -Industrial and miscel-

laneous mills, of dolls _Steam railroads mills, of dolls. .Street railways ... mills, of dolls. .

Interest payments mills, of dolls-.

Net Corporation Profits

Grand total, 10 groups mills, of dolls..Total public utilities mills, of dolls. .Industrial and miscellaneous-

Total mills, of dolls..Automobiles, parts and accessories

. mills, of dolls.-Food - .mills, of dolls .Machinery mills, of dolls _Metals and mining mills, of dolls. _Oil - -- mills, of dolls .Miscellaneous .. - _ _ . mills, of dolls .Steel and railroad equipment

... mills, of dolls. .Class I railroads .mills, of dolls. .Telephone mills, of dolls.Other large public utilities mills, of dolls. .

Stockholders

American Telephone & Telegraph Co.:Domestic - --- .number .Foreign number

Pennsylvania R. K. Co.:Domestic . - number. -Foreign number

U. S. Steel Corporation (common stock):Domestic . . . . . number. .Foreign number..Shares held by brokers p. ct. of total. -

Foreign Exchange Rates

America:Argentina .. . . dolls, per gold peso. .Brazil dolls, per milreis..Canada. .dolls, per Canadian doll .Chile dolls, per paper peso

Asia:Japan - dolls, per yen .India dolls, per rupee. .

Europe:Belgium . dolls, per franc. .England dolls, per Ib. sterling--France dolls, per franc. .Italy dolls, per lira. .Netherlands dolls, per guilder. .Sweden dolls, per krone .Switzerland dolls, per franc. .

Life Insurance

(Association of Life Insurance Presidents)

Admitted life insurance assets (10 cos.):Grand total mills, of dollsMortgage loans-

Total . mills, of dolls. _Farm mills, of dolls..All other mills, of dolls..

Bonds and stocks (book value):Government mills, of dolls. .Public utility mills, of dollsRailroad .. mills, of dolls. .Allother.... .mills, of dolls..Total mills, of dolls

Policy loans and premium notes. ... mills, of dolls..

1931 ||

April_ ._ - _

1,710IS98

351451109297386204

50, 868120.0

18, 71926, 3865,7633,638

749

314

236389

435

.765

.0731.000.121

.494

.361

. 1394.86.039.052.401.268.193

2 Revised.

March

1,84328

107400441152358357213

60, 387142.4

21,07230, 3485,9673, 752

594

311

23646

284

•• 574, 905; 6, 383

i 147, 4402 2, 4513 15. 68

.780

.0791. 000.121

.494

.361

.1394.86.039.052,401, 268.192

15, 573

6. 3301,5474, 783

1,1201,5782, 651

4875,836

2, 273

Febru-ary

1,8311993

381438131407362253

59, 608140.6

25, 30430, 8523,4523,014

521

285

21745

9239

.719

.0861.000.121

.494

.359

.1394.86. 039.052.401.268.193

15,474

6,3231,5554,768

1,1081,5722,648

4855,813

i 2,241

Januaryi

|

2,54115 1

117 !633 j476 I220 |571 !509296

94,608223. 1

47,633 i43,0713,901 14,215 iI

1,121

521

3865616

601

.697

.091

.998

.121

.494

.359

.1394.85.039.052.402.268. 194

15,392

6,3121,555 !

4,757

1,1061,5452,633 '

4785,762

2,212 i

Decem-ber

1,83415

114444461138290372295

83, 683197.4

19, 94828, 85335, 3826, 994

713

281

2213914

429

s 6833 341

3 l ie"s 162 30

3 9o 4

3 43

3 163 226

^ 6 83273

Novem-ber

1,44711

111261393104245322237

55, 261130.3

19, 43821,21714, 606

2, 958

579

277

2123912

302

October

1,4741894

250398108253353214

56, 297132.8

17, 98922, 09616, 2122, 532

763

320

2504411

443

^560,424 !3 6, 184

2233. 4H2 3, 190

3143,2213 2, 3452 16. 20

.756

.096

.999

. 121

. 496

.359

.1404.86.039.052.403.268.194

15, 293

6,3031,5544, 749

1,1041,5312,637

4755,747

2,169

2

.781

1.001.121

.496

.360

.1394.86.039.052.402.268.194

15,217

6,2701,5614,709

1,1011,5262,640

4695,736

2,127

Quarter e

.781

1.001.121

.496

.360

.1394.86.039.052.403.269.194

15, 120

6,2441,5624,682

1,0951,5212,638

4655,719

2,098

nded in n

1930

Septem-ber

1,3951298

25734193

247347175

46, 947110.7

16, 44819,31111, 1882,664

524

228

18430

29(5

3 7752 288

2 204

3 292 37

i g

2 52 24366

3353283

3 653223

3540, 8263 5. 866

3212,3112 3 096

3 132 4793 3 0263 18 60

.818

.1011.001.121

.494

.360

.1404.87.039.052.403.269.194

15, 024

6,2231,5634,660

1,0891,4882,622

4495,648

2,062

lonth ind

August

1,2341178

270329

67204275167

49, 181116.0

24, 73517, 8298.6172,939

424

197

15337

09 ~

July

1,4812173

26840383

235398183

39, 82693.9

13, 36921, 5724,8872,997

916

373

278

13543

June

1,3931393

264365

73259326156

63, 131148.9

26, 27322, 82514, 0332,707

721

329

23540

392

3 H053 H29

.825

.1001.001.121

.494

.360

.1404.87.039,052.403.269.194

14, 926

6,2131,5714,642

1,0851,4732,621

4375,616

2,041

icated.

3276

3 723 403 103 8

3 22

3533200

3 703 259

3507, 7743 5 555

3907 8693 3 0X7

3131,3573 2 infi3 I X 57

.821

.1091.001.121

.494

.361

.1404.86.039.052.402. 269.194

14, 837

6, 2001,5724,628

1,0791,4502,617

4365,582

2,018

.845

.1141.000.121

.494

.360

.1404.86.039.052.402.269.194

14, 736

6,1711,5734,598

1,0731,4412,600

4175,531

1,992

May

1,53018

30039569

286389188

55, 541131.0

23, 13321, 28511, 1232,737

570

308

22036

262

April

1,5001080

270386108277369

* 172

49, 059115.7

19, 66923, 4275,964

2 1, 996

'7642 344

225840

2 10420

i

. 872

.118

.998

.121

.494

.361

.1404.86.039.052.402.268.194

14,648

6,1601,5754,585

1,0641,4142,594

3985,470

1,965

.886

.1171.000.121

.494

.361

.1404.86.039.052.402.269.194

14, 543

6,1401,5764,564

1,0651,3982,572

3855,420

1,942Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Page 57: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

June, 1931] SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

55

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

FINANCE— Continued

Life Insurance— Continued

Amount of new insurance (44 cos.):Group - - mills, of dollsIndustrial mills, of dolls__Ordinary mills, of dolls..Total insurance .. ._ mills, of dolls

Policies and certificates, new (44 cos.):Group . thous of certificatesIndustrial thous. of policies. .Ordinary ... thous. of policies _Total policies and certificates. .thousands..

Premium collections (44 cos.):Annuities thous. of dolls..Group - - -thous. of dollsIndustrial thous. of dolls..Ordinary thous. of dolls..Total thous. of dolls..

Sales of ordinary life insurance (Life InsuranceSales Research Bureau):

Canada, total, 15 cos ..thous. of dollsUnited States, total thous of dolls

Eastern manufacturing dis-trict.. thous. of dolls

Far western district.. .thous. of dolls..Southern district thous. of dolls..Western agricultural dis-

trict thous. of dollsWestern manufacturing dis-

trict _ _ thous. of dolls

Gold and SilverGold:

Domestic receipts at mint fine ounces..Exports thous. of dolls..Imports thous. of dolls. .Monetary stocks of U. S., daily

average .mills, of dolls..Rand output fine ounces--

Silver:Exports thous. of dolls..Imports thous. of dolls..Price at New York dolls, per fine oz_.Production —

United States . ._ thous. of fine ozCanada thous of fine ozMexico thous. of fine oz..

Stocks, end of month-United States thous of fine ozCanada thous. of fine oz_.

Public Finance

Customs receipts . thous. of doll^Expenditures chargeable to ordinary

receipts thous. of dolls_.Government debt, gross, end of

month mills of dollsTotal ordinary receipts thous. of dolls ._United States money in cir-

culation... mills, of dolls..

Stocks and Bonds

BONDSBond prices:

Combined priceindex p. ct. of par, 4% bond..

Highest-grade rails.p. ct. of par, 4% bond--Industrial ... _p. ct. of par, 4% bond--Public utility p. ct. of par, 4% bond--Second-grade rails.p. ct. of par, 4% bond--

Bond prices, 1st of following month:50 domestic bonds p. ct. of par..40 representative issues _p. ct. of par..5 Liberty bonds p. ct. of par..

Bond yields:Industrial (15). per cent--Liberty and Treasury bonds per cent..Municipal (15) per cent--Municipal bond yield (20) per cent..Railroads (15) per cent. .U. S. Treasury notes and certificates,

3-6 mos . per centUtilities (15) per cent--Total, 60 high grade per cent

Long-term real-estate bonds issued:Grand total -thous. of dolls..Interest rates per centKind of structure-

Apartments -thous. of dolls..Hotels thous. of dolls..Office and commercial .thous. of dolls..

Purpose of issue —Acquisitions and im-

provements thous. of dollsFinance construction.. thous. of dolls,-Real-estate mortgage. -thous. of dolls..

1931

April

99235691

1,025

59865301

1,225

12, 6828,398

53, 854183, 992258, 926

45, 648754, 002

327, 07770, 94382, 930

102, 396

170, 656

93, 61227

49, 543

4,711882, 000

3, 2492,439.283

2.8581J301

7131, 509

31, 798

432, 366

16, 655148, 208

4,647

80.8696.1168.1580. 0684.03

ICO. 1285.30

105. 77

5.103.393.803.854.33

1.494.464.43

7,2355.68

250

4,400

1,7003,135

March

62247720

1,028

28881321

1,230

11,9198,790

62, 920186, 452270, 081

46, 945770, 440

343, 74573, 57977, 628

101, 945

173,543

85, 09126

2 25, 671

4,682910, 998

2,3231,821.292

2 3, 5282 1.431

6,511

2,714796

31, 807

720, 236

16,583433, 301

4,590

82.2996.3170.8379.5986.58

100. 1588.03

105. 37

4.983.393.893.904.27

1.384.484.41

2,0155.66

1,475

2101,000

630

™™ January

104209599912

60731247

1,039

12, 4308,748

56, 388166, 759244, 325

40, 180647, 140

289, 75760, 09464, 009

86, 439

146, 841

87, 71714

16, 156

4,6562839,937

1,6381,877.268

3,1871,7726, 944

1,851'702

28, 107

191, 425

16,231118,614

4,598

82.0696.4170.7279.0086.39

100. 2786.67

104. 85

5.013.403.954.034.27

1.064.544.44

3,5905.36

"~2~ OOO"

1,5001,090

;

78214596 !888 '

44750 1231

1,026 :

10,741 |10,108 I62,659 |

170,497 !254,005

41, 188 :

628,607 !

280, 06661, 58965, 329

82, 754

138, 869

94, 476254

34, 426

4, 6222 914, 576

3.5712,896.294

3, 4801,9328,751

654 !694 !

28,808

413,796 i

16,163125,605

4,695 !

81.98 j96.5970.98 I78.14 I86.54 |

99.5784.56 i

104. 23

4.993.333.924.054.25

1.244.564.43

4,5205.81 |

1,2501,200

1,2502,850

!

1930

Decem-ber

131229753

1,112

59794319

1,172

19, 6159,591

112, 666191,871333, 743

49, 874795, 642

324, 63586, 29191, 922

117,117

175, 677

109, 90736

32, 778

4, 5832 908, 492

3,4722,660.326

3, 7132,0438,481

.831179

30. 764

364, 540

16, 026717, 092

4,823

78. 9692.8968.6175.5482.78

99.5481.53

105. 53

5.123.344.054.124.41

1.484.614.55

29,8775.75

34028, 972

850530

27, 945

Novem-ber

59208593861

28741253

1, 022

7,0947,269

58, 108154, 473226, 944

46, 868653, 131

279, 65165,01172, 189

90, 178

146, 102

113,4305,008

40, 159

4, 5532 884, 735

4,1022, 652.359

3,7381,4128,712

956216

36, 365

244, 651

16, 185120, 362

4,528

81.1094. 6370.5377.3285.85

99.6884.05

106. 41

4.973.324.004.064.32

1.404.574.46

9, 9655.74

110

9,300

1,5955,120

October

52244620915

35847261

1, 143

6,9177,944

55, 851165, 954236, 666

46, 019685, 755

285, 59471, 96177, 196

97, 300

153,704

152, 6489,266

35, 635

4, 520926, 561

4,4242,270.358

3, 8162,2918,889

649217

39, 319

375, 244

16, ISO147, 813

4,501

82.4995.8571.6378.9287.49

100. 0886.08

106. 06

4.893.343.943.994.25

1.744.534.41

6,6355.61

175

3,050

2,0001,2101,975

Septem-ber

138210545894

46722229996

5,0167,220

59, 859147, 907220, 002

39, 643603, 102

238, 90968, 52069, 724

89, 779

136, 170

125, 8713 1, 13313, 680

4,503903, 176

3,9033,461.363

3,7803, 4869,154

813341

36, 655

308, 221

16, 081602,811

4, 492

84.2695.8376.1379.4988.32

100. 9688.25

105. 84

4.853.373.973.974.25

1.844.554.41

13, 8905.89

6002,300

10, 5001,475

165

August July

73234622929

39805245

1,088

5, 7976,508

58, 961150, 754222, 020

37, 061685, 864

275, 22877, 45080, 858

99, 276

153, 052

112,39539, 33219, 714

4,496921, 081

4,5443,492.352

3, 8352,6857,755

677410

32, 083

224, 117

16, 188127, 388

4, 476

82.9394.2576.3376.8286.94

100. 4190.99

105. 23

4.873.383.974.014.29

1.534.594.43

1.9385.46

675250

3001,388

130248715

1,092

74896270

1,241

7,0478,480

54, 602170,847240, 976

49, 829779, 184

319, 32182, 95589, 284

114,929

172, 695

115,11941, 52921, 889

4, 532912, 652

3, 7093, 953.343

3,5512,1007,905

459312

26, 200

284, 310

16, 176138, 741

4,483

81.4392. 8375.4374.9985.09

99.8191.12

105. 44

4.923.374.054.084.36

1.834.634.49

16, 4255.99

10,0501,4003,395

48010, 7252.590

June

107312726

1,144

521,163

2671,482

5,3597, 615

59, 522166, 190238, 686

55, 355822, 437

330, 94887, 11494, 384

121, 170

188, 821

90, 76426

13, 938

4,528887, 867

3,3362,707.346

3, 9691,485

10, 276

737441

72, 170

416, 799

16, 185803, 495

4,489

81. 1091.3675. 6074.7884.91

99.1090. 62

105. 28

4.923.374.104.144.41

1.894.674.53

11, 0936.20

5,665198

3,035

1,1106,6481,555

May

91230776

1,098

46848294

1,188

6,0868,003

58, 459175, 397247, 945

50, 085860, 068

350, 43088, 66799, 406

130, 005

191, 560

76, 78682

23, 552

4, 505916, 213

4,9783, 486.407

4,2931, 5859,080

348844

51, 722

230, 997

16, 399173, 243

4,497

81.2090.4276. 3575.3684.49

99.2392.01

104. 92

4.923.414.114.184.45

2.414.684.54

3,8135.93

5001,943

10088

2,025

April

114241840

1,194

62893310

1,265

5,8057,598

53, 948173, 929241, 280

52, 708897, 871

370, 79794, 24399, 928

131, 635

201, 268

89, 694110

65, 835

4, 443868, 60

4, 6463,570.424

4,6271,7057,514

356690

41,071

414, 147

16, 394159, 053

4,518

81.2389. 8176.6475.7684.32

98.8791.97

104. 16

4.913.464.114.174.47

3.004.694.54

27, 4356.13

5,000110

7,685

5,0008,295

180

'Revised.

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56 SURVEY OF CURRENT BUSINESS

MONTHLY BUSINESS STATISTICS—Continued

[June, 1931

Earlier data for items shown here maybe found in the 1931 Annual Supple-ment to the Survey

FINANCE— Continued

Stocks and Bonds—Continued

STOCKS

Stock prices, average daily closing:25 industrials, average dolls, per share..25 industrials, average rel. to 1923-25..25 railroads, average dolls, per share, _25 railroads, average rel. to 1923-25, _103 stocks, average dolls, per share--Southern cotton mills dolls per share

Stock prices, average weekly closing:All industrials (404) rel to 1926All railroads (33) rel. to 1926All utilities (34). _ rel. to 1926.Industrials, rails and utilities

(337) ... _-.rel. to 1926Agricultural implements (4)..rel. to 1926 _ _Airplanes (10) rel. to 1926..Automobiles and trucks (13) . .rel. to 1926..Automobile tires and rubber

goods (7) rel. to 1926Chain stores (17) rel to 192(5Copper and brass (9) rel to 1926Food, other than meat (20)...rel. to 1926..Machinery and machine equip-

ment (10) rel to 1926Oil producing and refining

(16) rel. to 1926Railroad equipment (9) rel. to 1926..Ravon (5) rel to 1926Steel and iron (10) _ _ _ _ _ _ _ rel. to 1926..Textiles (30) ... rel. to 1926Theaters, motion pictures and

amusements (7) _ _ rel. to 1926-Tobacco and tobacco products

(10) rel to 1926Traction, motor transportation

(9)Stock sales, N. Y. Stock Ex-

change thous of sharesStock yields:

Preferred high-grade industrial(20) per cent

Total common (90). percent .Industrials (50) ..per cent..Public utilities (20) per cent..Railroads (20) per cent

New Security Issues

Bond sales (Canada):Corporation thous. of dollsGovernment and provin-

cial thous. of dollsMunicipal thous. of dolls

Bond sales (U. S.):Corporation-

Total-. thous. of dolls. _Class of industry —

Industrial thous. of dollsLand and build-

iiu°s thous. of dollsOil thous. of dolls..Public utilities thous. of dolls..Railroads thous. of dolls..Shipping and mis-

cellaneous thous of dollsPurpose of issue-

New capital -_ thous. of dolls -Refunding thous. of dolls. _

Type of security —Bonds and notes thous. of dolls..Stocks thous of dolls

Bond sales on N. Y. Stock Exchange:Miscellaneous thous. of dolls..Liberty — Treasury _ . thous. of dollsTotal thous. of dolls..

Foreign governments thous of dollsForeign loans in the United

States ..-.thous. of dolls..States and municipalities:

Permanent loans thous. of dolls..Temporary loans-.-.-.-.-.thous. of dolls..

Tax-Exempt Securities

Total end of month mills of dolls

1931

April

215. 74172.474.97107.236.33

109.287 3

169.8

100.3150. 5227. 6117.4

50 086.279.4

127.1

10.4

74.167. 552. 6

116.052.2

61.3

144. 3

61.9

54, 335

5.595. 465.734.047.12

456, 678

96, 932

7, 5774,940

305,6616, 000

35, 568

267, 471189, 207

354, 969101, 709

215, 66112, 127

227, 788

46, 000

107, 392101, 618

March

237. 52189.884.55120.940.49

121.697 2

188.9

111.8178. 6268. 2128. 6

57.589.995.7

136.9

125. 1

84.578.251.5

132. 658.2

76.1

143.8

67.1

65, 494

5. 544.955. 173. 606. 75

401, 229

82, 400

3, 7652. 053

101, 393200, 018

11,600

269, 030132, 199

391, 7589,471

238, 2983, 723

247, 021

Febru-ary

235. 29188.092. 03131. 644.00

119.8104.7177.9

110. 3174.0237. 3120.4

54.486.490.8

133.2

125. 8

90.777. 452.2

131.755. 3

80.2

137.4

66.3

64, 145

5.615. 125. 353.896.29

88, 226

2,925

6, 405

64, 26612, 000

2,630

74, 25113, 975

61,46026, 766

174, 53519,911

194, 446

13, 791 28, 707

279,315 ! 2 139,58665, 134 250, 436

January

214. 18171. 190.38129.240.69

112.3100.4163.4

103.4161. 7202. 5106.2

50.678.482.1

127. 2

120.4

89. 174. 153.8

124.052. 5

69.4

131.5

63.1

52, 543

5. 665.505.734.266.56 i

580,706

69,173 1

8,021 i1,500 !

324, 108 !175,004 !

2,900 |

399,848 l

180, 858

535, 40445, 302

247, 30816, 809

264, 117

2 95, 657

49, 97709, 697

Decem-ber

212. 34169. 682.00117.238.09

109.493.5

157.9

101.91(59. 7177.0100.3

54.978.179.9

123. 0

116.9

87.872.958.2

124.751.0

66,7

125. 6

63.3

58, 764

5.775. 625.794.377.05

11 748

45, 1703, 236

187, 644

21, 889

30, 002

116, 77814, 250

4, 725

180, 8726,772

114, 13573, 509

250, 70715, 055

265, 762

22, 377

97, 70376, 531

19, 646

Novem-ber

227. 60181.890.23129.042. 1262 04

116. 7102.1167. 4

108.5195. 8214. 9101.2

56. 081.790.8

126.4

120.3

96. 976. 867. 9

130. 554. 9

129. 2

67.9

51, 946

5. 625.435.694. 106. 46

2,700

20, 0002, 526

141,855

10, 562

15, 3654,250

October

240. 49191. 197.30139.143.4463.54

127.6110.9187.0

117.8211.7269. 6108. 0

52. 588. 192.6

133. 5

134.4

106.482.064. 6

141. 558.2

87.8

136. 8

72.3

65, 497

5.525.055.393.645.98

34, 166

111,55212 547

213, 795

44, 605

8,74035. 750

89,738 i 104,6427, 600 5, 000

14, 340 15, 058

137, 622 151, 1484, 233 62, 647

123, 417 183, 65918, 438 i 30, 136

182,906 I 264,3576, 640 7. 773

189, 546 ; 272, 1309,500

5,662 ' 103,545

93.982 1 158,38080,422 j 81,222

19,684 '• 20,040

1930

ibei— August

282. 92226. 0

110. 16157.547.4065.70

148.8122.6216.4

139.3265. 3391.1132. 5

65.595. 6

114.4149. 8

154. 1

125.495. 671.4

161. 567.2

112.4

152. 6

74.6

53, 545

5.484.334. 603.045.45

4, 345

20, 1508 485

346, 887

10, 273

15, 615

172, 24376, 254

72, 501

284, 57062, 317

285,11261, 775

221, 3279,631

230, 95852, 900

59, 650

79, 57876, 501

19, 836

282. 81225. 9

110.38157.855.9268. 96

147.6121.2212.7

138.7268. 5400.9134. 1

72.090.1

121.3147. 2

152.3

129. 793.465.8

IfiO. 466.0

106. 1

149. 2

72.7

39, 870

5.534.424.693.125.50

35, 875

7, 1502 365

189, 886

84, 714

3, 101

48, 07141,516

9, 363

121, 51668, 350

132, 19357, (573

167, 5844, 951

172, 5352,680

19, 680

98, 51426, 406

19, 873

July

282. 64225.8

113.69162.656. 9871.92

149.3124.2215.4

139.8285. 5405. 7132.2

70.888.7

129. 1149.4

154. 5

132.994.372.0

159. 167.1

111.9

146. 6

74. 1

47, 746

5. 564.444.773.045.41

3,475

1,00012, 930

428, 762

45, 920

22, 070625

234, 46562, 632

63, 050

402, 28126, 481

358, 33270, 430

183, 71610, 112

193, 82842, 100

73, 738

111,657153, 068

19, 848

June

284. 36227.2

113.84176.754. 8474.91

152.8124. 5223. 5

143.1311.1418.1134.0

84.089.5

134. 6148.7

152. 1

133.198.873.7

161. 168.5

119.4

Ho. 2

75. 3

76, 593

5.524.504.912.925.43

13, 900

7,3004, 056

512, 678

55, 953

15, 38366, 000

172, 091178, 467

24, 785

445, 36367,315

357, 723154, 955

218, 50011, 789

230, 289103, 250

187, 855

153, 69969, 742

19, 772

May

327. 04261. 3

123. 59187. 664 7377. 76

170.5136. 0250.0

160. 1374.8530. 3151.7

99.496.5

151.0159. 5

169. 8

147.9109. 780.9

174.176.7

144. 5

158. 9

82.1

78, 040

5.484.024.422.505.03

12, 690

46, 99327, 522

927, 376

154, 845

7, 59923, 932

604, 486CO, 435

31,080

864, 04263, 334

493, 736433, 640

220, 1317, 064

227, 19579, 781

129, 751

142, 44824,614

19,811

April

349. 4(279. i

131. IS188.164. 6(80. 7(

181. C141.7263. 7

170. S393. £647. 1162. C

111.1101. 1174.2159. C

172. £

155. 7119.8

88. C196. 483.2

151. *

157. 8

85.0

111,041

5. 463. 784.132.344.84

25, 400

19,8208,861

679, 703

169, 229

64, 54163. 742

130, 777178, 662

72, 752

628, 44451, 259

418, 323261, 380

264, 8989, 731

274, 629121, 675

148, 684

148, 95683, 074

19, 735

2 Revised. o

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EXPLANATORY

The Survey of Current Business is designed to presenteach month a picture of the business situation by settingforth the principal facts regarding the various lines oftrade and industry. The figures are very largely thosealready in existence. The chief function of the Surveyis to bring together those data which, if available at all,are scattered in hundreds of different publications. Aportion of these data are collected by Governmentdepartments, other figures are compiled by technicaljournals, and still others are reported by trade asso-ciations. The Survey of Current Business computesthe indexes on total stocks, new orders, agriculturalmarketings, crop marketings, and unfilled orders basedon available data.

SOURCES OF DATAThe sources and inclusiveness of the data appearing

in the table "Monthly Business Statistics" will befound noted in the 1931 Annual Supplement to theSurvey of Current Business, and the sources of theweekly data are given on page 4 of the February 5,1931, issue of the Weekly Supplement to The Survey ofCurrent Business.

HISTORICAL DATAMonthly data on all the various series carried in the

Monthly Survey will be found in the 1931 AnnualSupplement to the Survey, running back seven yearsand in some cases eight years. Data previous to thatincluded in the 1931 Annual Supplement will be foundin the monthly Surveys prior to 1924.

RELATIVE AND INDEX NUMBERSTo facilitate comparison between different important

items and to chart series expressed in different units,relative numbers (often called "index numbers," aterm referring more particularly to a special kind ofnumbers described below) have been calculated. Themonthly average for 1923-1925 has usually been usedas a base equal to 100.

The relative numbers are computed by allowing themonthly average for the base year to equal 100. Ifthe movement for the current month is greater thanthe base, the relative number will be greater than 100,and vice versa. The difference between 100 and therelative number will give at once the per cent increase

or decrease compared with the base period. Thus, arelative number of 115 means an increase of 15 percent over the base period, while a relative number of80 means a decrease of 20 per cent from the base.

Relative numbers may also be used to calculate theapproximate percentage increase or decrease in amovement from one period to the next. Thus, if arelative number at one month is 120 and for a latermonth is 144, there has been an increase of 20 per cent.

When two or more series of relative numbers arecombined by a system of weightings, the resultingseries is denominated an index number. The indexnumber, by combining many relative numbers, isdesigned to show the trend of an entire group of indus-tries, or for the country as a whole, instead of for thesingle commodity or industry which the relativenumber covers. Comparisons with the base year orwith other^periods are made in the same manner asin the case of relative numbers.

SEASONAL ADJUSTMENTS TO INDEXESSeasonal variations are found in most series of eco-

nomic statistics for which monthly values are obtain-able. Consumption and production of commodities,interest rates, bank clearings, railroad freight traffic,and many other types of data are marked by seasonalswings repeated with minor variations year after year.These, in so far as they exist at all, are definitelyperiodic in character, with a constant 12-month period.In cases where an adjustment is noted for a series car-ried in the Survey, the index has been corrected fornumber of working or business days in the variousmonths and then adjusted for seasonal variation.The index figures thereby become comparable through-out the series.

METHODS OF USEMethods of using and interpreting current business

statistics have been collected by the Department ofCommerce from many business concerns and aredescribed in a booklet entitled "How to Use CurrentBusiness Statistics," together with methods of collect-ing statistics. This booklet may be obtained from theSuperintendent of Documents, Government PrintingOffice, Washington, D. C., at 15 cents per copy.

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Page 60: JUNE, 1931 SURVEY - FRASERJune,1931] SURVEY OF CURRENT BUSINESS Business Situation Summarized A'RIL was the third consecutive month in which the volume of business in the United States,

Do you need $ and £ datafor the GULF SOUTHWEST ?The demand of wholesalers, retailers, manufacturers, advertising agencies, and bankers for

concrete information relative to marketing in this region—which constitutes almost one-fifth of

the total area of the United States—led to the project for a series of surveys by the Domestic.

Regional Division of the Department of Commerce. Two have been completed. The announce-

ments of their published results are repeated here for the benefit of interested business men who

did not see the previous notices.

Distribution of Dry Goodsin the Gulf Southwest

tells what Commerce investigators learned regarding the operations and methods of merchandising

of 72 wholesale houses, 376 retail establishments, and 21 chain-store systems in Arkansas,

Louisiana, Mississippi, Missouri, Oklahoma, Texas, and the 21 counties of western Tennessee.

Published as Domestic Commerce Series No. 43. Price 35 cents.

Petroleum Industryof the Gulf Southwest

in text, tables, charts, and maps comprehensively reveals the findings of the survey of production

and consumption of crude petroleum, natural gas, natural gasoline, and refined petroleum

products; their marketing; and production trends and problems, in the territory outlined above, as

well as Kansas and New Mexico. Published as Domestic Commerce Series No. 44. Price 65 cents

For sale by Superintendent of Documents, United States Government Printing Office,Washington, D. C., or any district office of the United States Department of Commerce.

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