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M
O N T H L Y
R E V IE W
O f F in a n c ia l, A g r ic u ltu r a l, T r a d e a n d I n d u s tr ia l
C o n d itio n s in th e S ix th F ed era l R e se rv e D is tr ic t
FED ER A L R ESER V E BANK OF ATLANTA
VOL. 18, No. 11
*
iiw.
ATLANTA, GA., November SO, 1933
____________________________9
>____________'______________________
NATIONAL SUMMARY OF BUSINESS CONDITIONS
Prepared by Federal Reserve Board
Volume of industrial output continued to decline in October,
Factory employment and payrolls, after increasing continuously
for six months up to the middle of September, showed little change
from then to the middle of October. There was an increase in the
volume of construction undertaken, reflecting the expansion of
public works.
Production
Volume of output in basic industries decreased
and
in October as compared with September, contrary
E m ploym ent to seasonal tendency, and the Board’s seasonally
adjusted index declined from 84 per cent of the
1923-25 average to 77 per cent. This compared with an index of 67
in October of last year and of 60 at the low point in March of this
year. At steel mills activity declined sharply between the middle
of October and the first week in November, but in the following
three weeks showed little change. In the automobile industry,
output has been curtailed in recent weeks in preparation for new
models. For the first ten months of the year the number of cars
produced was 50 per cent larger than in the corresponding months
of 1932. Output at shoe factories showed a seasonal decline in
October as compared with September, and there was some decrease
in activity at cotton and wool textile mills, contrary to seasonal
tendency. At meat packing establishments activity declined
sharply from the unusually high rate prevailing in September
which was due to the fact in that month a large number of pigs
purchased by the Federal Government were handled.
Total number of employees at factories, excluding canning
establishments, showed little change from the middle of September
to the middle of October. At canning establishments there was a
decline of a seasonal character, and the Board’s index, which in
cludes this industry, showed a slight decrease.
Value of construction contracts awarded during October and the
first half of November, as reported by the F. W. Dodge Corpora
tion, showed a considerable advance over the preceding six week
period, reflecting a growing volume of public works.
This review releasedfor publication in
morning papers of November 30.
D istribution
Shipments of commodities by rail showed a some
what larger decline between the middle of October
and the middle of November than is usual at this season. Depart
ment store sales increased in October as compared with September
by slightly less than the usual seasonal amount.
Prices Wholesale prices, as measured by the weekly index of the
Bureau of Labor Statistics, declined from 71.3 per cent
of the 1926 average in the first week of October to 70.4 per cent in
the third week, and then advanced to 71.7 per cent in the third week
of November, a level of 20 per cent above the low point of last
March. Following declines early in October, prices of cotton,
grains, lard, rubber, tin, and silver increased considerably, while
cattle prices continued to decline and prices of hogs showed little
change.
Foreign
Exchange
The value of the dollar in the foreign-exchange market
fluctuated around 67 per cent of its gold parity during
the latter part of October, declined during the first
part of November to 59 per cent on November 16, and on Novem
ber 22 was 61 per cent.
Bank Credit Between October 18 and November 15 there was
little change in the reserves of member banks,
which continued to be more than $800,000,000 in excess of legal
requirements. Purchases of United States Government Securities
by the Reserve Banks declined gradually from $25,000,000 during
the week ending October 25 to $2,000,000 during the week ending
November 15. For the four week period as a whole the banks*
holdings of United States Government Securities showed an in
crease of $57,000,000 while holdings of acceptances and discounts
for member banks showed little change.
Total loans and investments of member banks increased by
$90,000,000 during the period, reflecting a growth of $150,000,000
in holdings of United States Government Securities, of $25,000,000
in holdings of other securities, and of $30,000,000 in all other loans,
while loans on securities declined. Net demand deposits declined
by $70,000,000 during the period, while Government Deposits in
creased by $180,000,000.
(Continued on page 7.)
PER CENT
130
130
120
110
120
120
100 r*
110
110
90
100
100
60
90
90
80
80
70
70
60
€0
50
50
me
1929
1930
1931
1932
1933
In d e x n u m b e r s o f p r o d u c t io n o f m a n u fa c t u r e s a n d m in e r a ls c o m b in e d
a d j u s t e d f o r s e a s o n a l v a r i a t i o n s (1929-1925 a v e r a g e - 1 0 0 ) . L a t e s t f i g u r e
O c t o b e r 77.
120
110
FACTOR!{ EMPL0YIMENT ANDPAYROLLS
V /N r
\
100
/■ s
90
1|3
1%0
INC>USTRIAL PRODUCTIION
1
1%
0
80
Payrolls^
70
70
V
60
VI
^
... '
- \z s
1926
1929
1930
1931
1 J L
/
”v '
1932
In d e x n u m b e r s o f fa c t o r y e m p lo y m e n t a n d p a y r o lls , w it h o u t a d ju s tm e n t
f o r s e a s o n a l v a r i a t i o n s (1923-25 a v e r a g e - 100). L a t e s t f i g u r e O c t o b e r E m
p l o y m e n t 75.8 p a y r o l l s 57.4.
2
M O N T H L Y
R E V IE W
MILLIONS OF DOLLARS
MILLIONS OP DOLLARS
4000
£500
3500
3000
3000
2500
2500
JV
2000
1500
L
rti
M
Total * V / f ----- yyy-S'
Vw /1
j
1000
500
1928
1929
1930
1931
1932
0
1933
Indexes b a sed o n th r e e -m o n th m o v in g averages o f F . W. D o d g e d a ta for
37 E a stern S ta te s, a d ju sted fo r s e a s o n a l v a ria tio n . (1923-25 average=100).
O ctober prelim in a ry , T o ta l 35, R e sid e n tia l 13.
SIXTH DISTRICT SUMMARY
O c to b e r s t a t is t ic s in d ic a t e fu r t h e r in c r e a s e s in t h e v o lu m e o f r e
t a il a n d w h o le s a le tr a d e , c o m p a r e d w it h p r e c e d in g m o n th s a n d
w ith t h e c o r r e s p o n d in g p e r io d l a s t y e a r , in c r e a s e s in o u t s t a n d in g
b a n k c r e d it a t w e e k ly r e p o r t in g m e m b e r b a n k s a n d a t t h e F e d e r a l
R e s e r v e B a n k , g a in s in lif e in s u r a n c e s a le s a n d in b a n k d e b it s t o
in d iv id u a l a c c o u n ts , b u t d e c r e a s e s in t h e p r o d u c t io n o f c o a l in
A la b a m a a n d T e n n e s s e e , a n d in t h e p r o d u c t io n o f p ig ir o n in
A la b a m a .
D e p a r t m e n t s to r e s a le s in O c to b e r in c r e a s e d 1 6 .3 p e r c e n t o v e r
S e p t e m b e r a n d w e r e 4 .9 p e r c e n t g r e a te r t h a n in O c to b e r , 1 9 3 2 .
T h e g a in fr o m S e p t e m b e r t o O c to b e r t h is y e a r w a s a lm o s t e x a c t ly
t h e s a m e a s t h e 1 6 .4 p e r c e n t in c r e a s e r e p o r te d a t t h e s a m e tim e
la s t y ea r.
O c to b e r h a d o n e m o r e b u s in e s s d a y t h a n S e p te m b e r ,
h o w e v e r , a n d d a ily a v e r a g e s a le s in c r e a s e d 1 2 .5 p e r c e n t o v e r t h e
m o n th .
F o r t h e fir s t t e n m o n th s o f 1 9 3 3 d e p a r t m e n t s to r e s a le s
h a v e a v e r a g e d 5 .6 p e r c e n t le s s t h a n in t h a t p a r t o f 1 9 3 2 .
W h o le
s a le t r a d e in c r e a s e d s lig h t l y in O c to b e r o v e r S e p te m b e r , h a v in g
in c r e a s e d e a c h m o n th s in c e F e b r u a r y , a n d w a s 2 1 .8 p e r c e n t g r e a te r
t h a n in O c to b e r , 1 9 3 2 .
L ife in s u r a n c e s a le s g a in e d 8 .7 p e r c e n t
fr o m S e p t e m b e r t o O c to b e r , a n d w e r e 3 .0 p e r c e n t g r e a t e r t h a n in
O c to b e r la s t y e a r , a n d b a n k d e b it s t o in d iv id u a l a c c o u n ts , r e fle c t
in g t h e v o lu m e o f b u s in e s s t r a n s a c t io n s s e t t le d b y c h e c k , in c r e a se d
8 .2 p e r c e n t o v e r S e p t e m b e r a n d w e r e 7 .0 p e r c e n t g r e a te r t h a n a
year ago.
B e t w e e n O c to b e r 11 a n d N o v e m b e r 8 th e r e w a s a fu r t h e r in c r e a se
o f a b o u t 4 m illio n s o f d o lla r s in t h e v o lu m e o f F e d e r a l R e s e r v e
B a n k c r e d it o u t s t a n d in g a t th is b a n k , a n d a n in c r e a s e o f a b o u t 7 .4
m illio n s o v e r t h e c o r r e s p o n d in g r e p o r t d a t e a y e a r a g o .
D is c o u n t s
in c r e a s e d $ 5 0 5 ,0 0 0 b e t w e e n O c to b e r 11 a n d N o v e m b e r 8, a n d h o ld
in g s o f U n it e d S t a t e s s e c u r itie s r o s e n e a r ly 3 .5 m illio n s .
A t w e e k ly
r e p o r t in g m e m b e r b a n k s in s e le c t e d c itie s , lo a n s t o c u s to m e r s in
c r e a s e d a b o u t 7 .6 m illio n s a n d h o ld in g s o f G o v e r n m e n t s e c u r itie s
a b o u t 6 .7 m illio n s d u r in g t h is fo u r w e e k p e r io d , a n d d e m a n d d e
U.S.Go\rt^SecuritigS-yj
X
.
.
eDkwountejf \
/J
••^ecejfances
a n d fo r t h e t e n m o n th s o f 1 9 3 3 h a v e b e e n 2 5 .6 p e r c e n t le s s t h a n
d u r in g t h a t p a r t o f 1 9 3 2 , b u t c o n t r a c t a w a r d s in c r e a s e d s u b s ta n
t ia l ly in O c to b e r o v e r S e p te m b e r , a n d w e r e g r e a te r t h a n a y e a r a g o .
D e f in it e im p r o v e m e n t in b u s in e s s b o o k e d b y lu m b e r m ills w a s in
d ic a te d in w e e k ly s t a t e m e n t s o f t h e S o u th e r n P in e A s s o c ia tio n
fo r t h e fir s t t w o w e e k s in N o v e m b e r , w h e n o r d e r s a v e r a g e d 2 9 p e r
c e n t g r e a te r t h a n p r o d u c t io n fo r t h o s e w e e k s , t h e in c r e a s e c o m in g
la r g e ly fr o m r e t a il y a r d s .
C o t t o n c o n s u m p t io n in t h e th r e e s t a t e s o f th is d is t r ic t fo r w h ic h
fig u re s a r e a v a ila b le in c r e a s e d 2 .2 p e r c e n t f r o m S e p t e m b e r t o O c to
b er, a n d fo r t h e fir s t th r e e m o n th s o f t h e c o t t o n s e a s o n o f 1 9 3 3 -1 9 3 4
w a s 9 .8 p e r c e n t g r e a t e r t h a n in t h a t p a r t o f t h e s e a s o n b e fo r e .
E m p lo y m e n t a t r e p o r t in g c o t t o n m ills in t h e d is t r ic t d e c lin e d s ix te n t h s o f o n e p e r c e n t fr o m S e p t e m b e r t o O c to b e r , b u t 5 1 .6 p e r
c e n t m o r e w o r k e r s w e r e o n th e ir p a y r o lls t h a n a t t h e s a m e t im e la s t
year.
i
I
2000
1500
1000
500
0
W ednesday fig u re s for th e 12 F e d e r a l R eserve B a n k s com b in ed . L a te st
fig u re s are for N ovem ber 15.
FINANCE
There was a further increase of about four millions of
dollars in the total volume of reserve bank credit outstanding at the Federal Reserve Bank of Atlanta between
October 11 and November 8, at which time the total
was approximately 7.4 millions greater than at the same time last
year. Since the last Wednesday in June total bills and securities
held by this bank have increased each week except two, and the
increase since that time amounting to about 15 millions of dollars
has been due to increased holdings of United States Government
securities. These holdings of Government securities have increased
each week except one since the middle of May. On November 8
discounts of this bank were $505,000 greater than they were four
weeks earlier, and 14.4 millions less than a year ago; and holdings
of Government securities were about 3.5 millions larger than on
October 11, and 24.7 millions greater than a year ago.
Reserve deposits maintained with the Federal Reserve Bank of
Atlanta by member banks increased further between October 11
and November 8 by 1.6 millions of dollars, were 17.5 millions
greater than on the same Wednesday of last year, and were greater
than on any other Wednesday since April 29, 1931.
Federal reserve note circulation of this bank increased further by
4.6 millions from October 11 to November 8, was at the highest
level since June 21, and was 23.7 millions greater than on the same
Wednesday last year. Circulation of Federal reserve bank notes
declined somewhat during the four weeks between October 1 1 and
November 8.
Total gold reserves and other cash increased slightly during this
period to the highest level since July 5, and was substantially
greater than a year ago. Principal items in the weekly statement
are compared in the table.
Reserve
Bank
Credit
FE D E R A L R E SE R V E B A N K O F ATLANTA
(000 O m itted)
p o s it s o f t h e s e b a n k s in c r e a se d b u t t im e d e p o s its d e c lin e d .
B u ild in g p e r m its d e c lin e d s lig h t ly fr o m S e p t e m b e r t o O c to b e r
4000
RESERfVI BANK CREDIT
B ills D isco u n te d :
Secu red b y G ovt. O b lig a tio n s ....................$
A ll O th ers.............................................................
T o ta l D is c o u n ts .........................................
B ills B o u g h t in O p en M ark et.......................... .
U . S . S e c u r itie s....................................................—
T o ta l B ills a n d S e c u r itie s.....................
T o ta l G o ld R eserves a n d o th er c a s h ............ _
Member B a n k R eserve D e p o sits ........................
T o ta l D e p o sits ......................................................... .
F . R . N o te s in a c tu a l c ir c u la tio n ....................
F . R . B a n k N o te s i n a c tu a l c ir c u la tio n ........
R eserve R a tio .............................................................
N ov. 8,
O ct. 11,
N ov. 9,
1933
1933
1932
--------------------------------------------408
$
201
$2,455
5,803
5,505
18,186
6,211
5,706
20,641
199
217
3,067
71,241
67,749
46,580
77,651
73,672
70,288
128,644
127,808
80,457
60,431
58,867
42,941
68,340
68,020
46,478
122,755
118,174
99,031
5,789
6,061
...................
67.3
68.6
55.3
Following is a table setting out similar comparisons for the
twelve Federal Reserve Banks combined. A further decline in dis
counts was more than offset by increased holdings of Government
securities, and total reserve bank credit outstanding increased by
78.6 millions from October 11 to November 8. Member bank
reserve deposits increased further. Federal reserve note circula
tion declined somewhat, but circulation of Federal reserve bank
notes increased.
M O N T H L Y
FE D E R A L RESERV E SYSTEM
(000 O m itted)
^
„
N ov. 8,
O ct. 11,
1933
1933
Member
Bank
Credit
Total loans and investments of 17 weekly reporting
member banks located in Atlanta; Birmingham, Jacksonville, Nashville, Chattanooga, Mobile, and Savan
nah increased 13.3 millions of dollars during the four
weeks between October 11 and November 8, and were then 23
millions greater than on the same Wednesday last year. Figures
for these 17 reporting banks have been compiled back to the be
ginning of 1932, and the total loans and investments on November
8 were higher than for any other Wednesday in that period. Be
tween October 11 and November 8 total loans by these banks to
their customers increased $7,567,000, to a level higher than for any
other Wednesday since January 4, although smaller by $5,215,000
than on the same report date of 1932, and holdings of United
States Securities increased $6,754,000 from October 11 to Novem
ber 8 and, except for the Wednesday before, were then higher
than on any other report date in the series.
Time deposits declined slightly between October 11 and Novem
ber 8 and were also somewhat less than a year ago, but demand
deposits reported by these banks increased, and were 2.8 millions
greater than on November 9, 1932.
Borrowings by these banks from the Federal Reserve Bank of
Atlanta increased from October 11 to November 8 but were
slightly less than a year ago.
Comparisons of principal items in the weekly report are set out
in the table, followed by monthly averages of figures for this
group of banks back to the beginning of 1932, and a comparison of
savings deposits reported by a selected list of banks located through
out the district.
C O N D IT IO N OF MEMBER BA N K S IN SELECTED C ITIES
(000 O m itted)
N ov. 8,
O ct. 11,
N ov. 9.
1933
1933
1932
L oans:
O n S ecu rities....................................................$
A ll O th ers..........................................................
T o ta l L o a n s— ..........................................
U. S. S ecu rities.......................................................
O th er S ecu rities.....................................................
T o ta l In v estm en ts..................................
T o ta l L o a n s a n d In v e stm en ts...........
Tim e D e p o sits.........................................................
D em an d D e p o sits...................................................
D u e t o B a n k s ...........................................................
D u e from B a n k s ..............- .....................................
B orrow in g s from F . R . B a n k ...........................
56,966
129,430
186,396
100,590
51,246
151,836
338,232
131,738
143,884
56,969
54,786
2,168
$ 58,769
120,060
178,829
93,836
52,243
146,079
324,908
132,310
143,219
55,674
58,387
1,661
$ 59,089
132,522
191,611
77,992
45,581
123,573
315,184
133,881
141,081
48,893
56,406
2,340
M O N TH LY AVERAGES OF WEEKLY F IG U R E S OF
17 R E P O R T IN G MEMBER B A N K S IN SELECTED C IT IES
(000 O m itted)
T o ta l
L oans
B orrow in gs
and
from
I n v e stI n v e st- D em a n d
T im e
F. R.
L oans
m e n ts
m e n ts D e p o sits D e p o sits
Bank
1932:
J a n u a r y -........ $218,167
F eb ru a ry ........
214,610
M arch..............
213,132
209,983
A pril.................
205,302
M ay..................
J u n e .................
199,368
J u ly ..................
195,527
A u g u s t............
192,175
Septem ber— . 190,689
O ctober...........
192,731
N o v e m b e r - .- 191,412
D ecem ber........ 189,866
1933*
J a n u a r y .......... 185,774
F eb ru a ry........ 183,509
M arch.............. 182,334
A pril................. 180,377
M ay.................. 179,584
J u n e ................. 175,981
J u ly .................. 176,946
A u g u s t.......... . 175,684
Septem ber— . 176,527
O ctober........... 178,411
SA V IN G S D E PO SIT S OF 52 R E PO R T IN G B A N K S
(000 O m itted)
P ercen tage c h a n g e
O ctober 1933
_
N ov. 9,
1932
B ills D isco u n te d :
~
$ 100»992
Secu red b y G ovt. O b lig a tio n s— $ 26,298
$ 24,067
209)961
85,963
95,240
A ll O th ers...............................................
310»953
T o ta l D is c o u n ts...........................
112,261
119,307
34)002
6,737
6,906
• B ills B o u g h t in O p en M arket...............
1,850,697
! U . S. S e cu rities............................................ 2,430,101
2,344,109
5,427
O th er S e c u r itie s..........................................
1,559
1,737
2,201,079
T o ta l B ills a n d Secu rities........ 2,550,658
2,472,059
3,268,832
T o ta l G o ld R eserves a n d o th er c a s h . 3,792,296
3,805,435
2,342,333
Member B a n k R eserve D e p o sits ........... 2,577,552
2,567,360
2,404,458
T o ta l D e p o sits.............................................. 2,829,124
2,785,059
2,715,299
F . R . N o te s in a c tu a l c ir c u la tio n ----- 2,982,997
3,008,430
F . R . B a n k N o te s in a c tu a l circu la
t io n ............................................................
193,678
170,501
..........................
R eserve R a tio ...............................................
65.2 65.7
63.8
$119,241
119,627
121,563
119,691
120,901
118,450
113,622
114,839
119,132
123,045
123,021
123,752
$337,408
334,237
334,495
329,674
326,203
317,818
309,149
307,014
309,821
315,776
313,433
313,618
$155,282
149,986
153,101
152,133
149,113
144,942
140,064
138,771
140,808
140,618
140,457
141,346
$140,531
137,753
136,862
136,605
136,426
134,552
133,628
136,140
137,166
136,071
134,346
132,695
$13,466
12,268
8,488
7,182
5,461
5,635
8,648
6,784
5,381
3,667
4,074
3,933
123,148
128,587
122,205
125,487
127,891
134,244
138,475
145,777
149,717
144,651
308,922
312,096
304,539
305,864
307,475
310,225
315,421
321,461
326,244
323,062
141,651
138,801
129,907
134,092
137,163
141,993
140,570
141,842
145,167
141,894
133,148
131,882
124,220
126,477
127,195
126,876
134,261
134,239
132,754
132,160
2,151
3,881
10,773
9,638
8,619
1,154
1,179
1,229
2,112
1,960
3
R E V IE W
N o. of
B anks
O ct.
1933
S ep t.
1933
O ct.
1932
S ep t.
1933
O ct.
1932
3
3
3
4
4
35
52
$ 27,458
16,185
12,544
20,689
22,675
57,180
156,731
$ 27,673
16,161
12,463
20,613
22,332
57,054
156,296
$ 31,215
17,330
12,939
22,894
26,469
57,358
168,205
- 0 .8
+ 0 .1
+ 0 .6
+ 0 .4
+ 1 .5
+ 0 .2
+ 0 .3
—12.0
- 6.6
- 3.1
- 9.6
- 1 4 .3
— 0.3
— 6.8
.
..
N a sh v ille ..
.
..
T o ta l.
D e b its t o
T h e v o lu m e o f b u s in e s s t r a n s a c tio n s s e t t le d b y c h e c k
I n d iv id u a l
d u r in g O c to b e r , a s r e p r e s e n te d b y d e b it s t o in d i-
A c c o u n ts
v id u a l a c c o u n ts a t 2 6 c le a r in g h o u s e c e n te r s o f t h e
S ix t h D is t r ic t , in c r e a se d 8 .2 p e r c e n t o v e r S e p te m b e r ,
and w as
7.0
p e r c e n t g r e a te r t h a n in O c to b e r , 1 9 3 2 .
A t th e sam e
t im e la s t y e a r b a n k d e b it s in c r e a se d 2 .5 p e r c e n t fr o m S e p te m b e r
t o O c to b e r , b u t d u r in g t h e p a s t s ix y e a r s t h e g a in a t t h a t tim e
h a s a v e r a g e d 1 2 .5 p e r c e n t.
S e v e n o f t h e s e c itie s r e p o r te d d e c lin e s
fr o m S e p t e m b e r t o O c to b e r , a n d o n ly tw o r e p o r te d d e c r e a s e s c o m
p a r e d w ith O c to b e r la s t y e a r .
M o n t h ly fig u re s s h o w n in t h e ta b le
a r e d e r iv e d fr o m w e e k ly r e p o r ts b y p r o -r a tin g fig u re s fo r t h o s e
w e e k s w h ic h d o n o t fa ll e n t ir e ly w ith in a s in g le c a le n d a r m o n th .
(000 O m itted)
O ct. 1933
A la b a m a -4 O ities..................................................$108,236
B irm in gh am ...................................................... 67,008
D o th a n ................................................................
2,059
22,726
M obile.................................................................
M ontgom ery...................................................... 16,443
S ept. 1933
O ct. 1932
$ 94,896
57,721
2,291
21,614
13,270
$ 97,538
61,816
1,905
21,638
12,179
F lo r id a -4 C itie s.....................................................
J a ck so n v ille.......................................................
M iam i...................................................................
P e n sa c o la ...........................................................
T am pa.................................................................
76,816
42,293
12,329
4,856
17,338
72,461
40,762
11,257
4,882
15,560
68,161
37,836
10,861
3,976
15,488
G eo r g ia -1 0 C itie s..................................................
A lb a n y .................................................................
A tla n ta ................................................................
A u g u sta ..............................................................
B ru n sw ick .........................................................
C olu m b u s...........................................................
E lb erto n — .........................................................
M acon....................... ..........................................
N e w n a n ..............................................................
S a v a n n a h ...........................................................
V a ld o sta .............................................................
193,291
2,737
123,644
15,891
1,552
8,267
730
11,494
1,555
24,940
2,481
181,162
2,150
112,348
15,103
1,596
8,199
535
11,405
1,322
25,507
2,997
168,108
2,544
105,115
14,399
1,443
6,900
668
9,079
1,103
24,695
2,162
L o u isia n a —N ew O rleans....................................
183,806
169,222
183,650
M ississippi—4 C itie s..............................................
H a ttie sb u rg .......................................................
J a c k so n ...............................................................
M eridian.............................................................
V icksburg...........................................................
33,802
3,292
17,746
6,179
6,585
30,453
3,399
16,151
6,311
4,592
T e n n e ss e e -3 C ities................................................
C h a tta n o o g a ....................................................
K noxville................................ ...........................
N a sh v ille .............................................................
95,477
26,487
16,017
52,973
90,752
24,699
14,134
51,919
97,609
26,362
18,410
52,837
T o ta l 26 C itie s.......................................... $691,428
$638,946
$646,239
31,173
3,075
17,130
6,485
4,483
AGRICULTURE
Prospects for several late crops improved materially during
October according to the November estimates of the Crop Report
ing Board of the United States Department of Agriculture. Due
chiefly to the lateness of frosts, October weather was unusually
favorable for late beans, potatoes, buckwheat, sugar beets and
broomcorn but frosts came too early to permit the late planted
sorghums of Kansas and western Oklahoma to mature. The esti
mates of the production of peanuts, rice, grapes and pecans have
also been raised, but the estimates for corn and most other crops
are practically unchanged pending the final checkup of the har
vested acreage.
November estimates for the six states located wholly or partly
in the Sixth District indicate somewhat larger production of pea
nuts, pecans, tobacco, pears and rice (Louisiana) than was ex
pected a month earlier, but decreases from the October estimates
are shown or corn, buckwheat (Tennessee), sweet potatoes, apples,
and grapes. November estimates for these six states combined,
and for the United States, are compared with 1932 production in
the table.
M O N T H L Y
4
(In T h o u sa n d s of U n its)
Six S ta te s
U n ited S ta tes
E stim a te P r o d u ctio n E stim a te
P r o d u ctio n
N ov. 1, 1933
1932
N ov. 1, 1933
1932
C o m , b u ..................................... 200,034
W heat, b u _______ _________
3,300
O ats, b u _______ ___________
8,822
2,604
T am e H ay, t o n s __________
P e a n u ts, lb s ............................. 451,225
P eca n s, lb s ............... ................. 22,150
T obacco, lb s ............................. 197,710
P o ta to e s, b u ............................. 12,748
Sw eet P o ta to es, b u ............... 32,433
A pples, b u ........ ........................
4,188
P ea ch es, b u _______________
7,637
Pears, b u _____ _______ ____ ____481
3.6
G rapes, to n s __________ ___
191,389
3,347
11,280
2,611
445,515
10,360
122,824
12,043
39,067
1,887
1,942
496
2.8
2,289,544
515,000
699,000
67,300
929,605
61,060
1,408,361
317,612
69,743
143,827
45,300
21,192
1,809
2,875,570
726,000
1,238,000
69,800
1,002,080
53,160
1,015,512
357,679
78,484
140,775
42,400
22,050
2,204
E s t im a t e s o f c o r n p r o d u c t io n in c r e a s e d fr o m O c to b e r 1 t o N o v e m
b e r 1 in T e n n e s s e e , b u t d e c lin e d s o m e w h a t in G e o r g ia a n d A la b a m a .
N o v e m b e r e s t im a t e s o f s w e e t p o t a t o e s in c r e a se d o v e r t h e m o n th
in F lo r id a a n d G e o r g ia , b u t d e c lin e d in A la b a m a a n d L o u is ia n a .
T e n n e s s e e e s t im a t e s o f p e a r s in c r e a se d fr o m O c to b e r t o N o v e m b e r ,
b u t t h o s e o f a p p le s , g r a p e s a n d b u c k w h e a t d e c lin e d .
N ovem ber
e s t im a te s o f p e a n u t s in c r e a se d o v e r t h e m o n th in a ll o f th e s e s t a t e s
e x c e p t M is s is s ip p i w h e r e th e r e w a s n o c h a n g e .
P e c a n s a r e tu r n in g
o u t b e t t e r th a n w a s e x p e c t e d a m o n th a g o in G e o r g ia , L o u is ia n a ,
a n d M is s is s ip p i.
n e s se e , a n d
no
R E V IE W
R ICE MILLERS* A SSO C IA T IO N ST A T ISTIC S
(Barrels)
R e ce ip ts o f R o u g h R ice:
S eason 1933-34....................................................................
Season 1932-33— ...............................................................
D istr ib u tio n o f M illed R ice:
S eason 1933-34....................................................................
S eason 1932-33....................................................................
S tock s:
O ctober 31, 1933.................................................................
O ctober 31. 1932................................................................
Fertilizer
Tag Sales
964,901
956,669
R ough
1,223,822
775,818
2,010,955
2,271,247
C lean
1,149,808
1,127,282
S a le s o f f e r tiliz e r t a x t a g s in t h e s ix s t a t e s lo c a t e d
A u g u s t, S e p t e m b e r a n d O c to b e r , b u t in O c to b e r w e re
8 .4 p e r c e n t le s s t h a n in t h a t m o n t h o f la s t y e a r .
F or th e y ea r
e n d e d J u ly 31 t a g s a le s in t h e s e s ix s t a t e s w e re 9 .0 p e r c e n t g r e a te r
t h a n in t h e y e a r b e fo r e , b u t in t h e th r e e m o n th s o f t h e n e w se a s o n ,
A u g u s t th r o u g h O c to b e r , t a g s a le s h a v e b e e n 3 .5 p e r c e n t le ss th a n
in t h a t p a r t o f t h e p r e v io u s s e a s o n .
F o r t h a t p e r io d , in c r e a se s in
G e o r g ia , L o u is ia n a , M is s is s ip p i a n d T e n n e s s e e w e re a l i t t l e m o r e
th a n o ff s e t in t h e t o t a l b y d e c r e a s e s in F lo r id a a n d A la b a m a .
F ig
u r e s c o m p a r e d in t h e t a b le a r e f r o m t h o s e c o m p ile d b y t h e N a t io n a l
F e r tiliz e r A s s o c ia t io n .
T o b a c c o e s t im a t e s in c r e a se d in F lo r id a a n d T e n
change w as show n
in
G e o r g ia a n d
L o u is ia n a .
s a m e a s th o s e fo r O c to b e r .
O ct.
1933
A la b a m a .
T h e N o v e m b e r c o t t o n e s t im a t e b y th e U n it e d S t a te s
D e p a r t m e n t o f A g r ic u ltu r e p la c e s th e 1 9 3 3 c r o p a t 1 3 ,-
1 0 0 ,0 0 0 b a le s , a n in c r e a se o f 1 .7 p e r c e n t o v e r th e O c to b e r e s t im a te ,
L o u isia n a —
M ississip pi.
T en n e sse e..
6 .4 p e r c e n t la r g e r th a n th e fir st e s t im a t e o f th e s e a s o n in A u g u s t,
b u t o n ly 0 .8 p e r c e n t la r g e r th a n th e 1 9 3 2 c ro p .
O ct.
1932
A u g. 1 to O ct. 31,
1933
1932
0
28,200
2,565
9,670
0
7,760
100
23,700
1,067
5,150
620
3,825
650
37,645
158
9,650
10
4,490
1,300
69,304
5,513
16,170
1,070
12,797
1,350
83,560
848
14,101
10
10,105
48,195
34,462
52,603
106,154
109,974
TRADE
o f 0 .9 p e r c e n t fr o m t h e e s t im a t e fo r O c to b e r , w e r e 6 .5 p e r c e n t
le ss th a n t h e A u g u s t e s t im a t e , b u t 5 .4 p e r c e n t la r g e r th a n t h e 1 9 3 2
cro p in t h e s e s t a t e s .
(S h ort T on s)
S ept.
1933
F o r th e s ix s t a t e s
o f t h is d is tr ic t, t h e N o v e m b e r e s t im a te s c o m b in e d s h o w a d e c lin e
I m p r o v e m e n t d u r in g O c to b e r t o o k p la c e in
R etail
Trade
D e p a r t m e n t s to r e s a le s in t h e S ix t h D is t r ic t in c r e a se d
fu r t h e r in O c to b e r , b u t b y a n a m o u n t s o m e w h a t le ss th a n
is u s u a l a t t h a t t im e o f y e a r , s t o c k s in c r e a se d s lig h tly
G e o r g ia a n d T e n n e s s e e , b u t e s t im a t e s fo r th e o th e r fo u r s t a t e s
d e c lin e d .
A u g. 1 to
Oct. 31
3,332,417
2,742,268
w h o lly o r p a r t ly in t h e S ix t h D is t r ic t in c r e a se d in
N o v e m b e r e s t im a te s o f F lo r id a o r a n g e s a n d g r a p e fr u it a r e t h e
Cotton
O ct.
2,094,472
1,606,139
N o v e m b e r e s t im a t e s a r e c o m p a r e d in t h e ta b le w ith t h o s e
m o r e t h a n u s u a l, t h e c o lle c t io n r a tio w a s h ig h e r fo r O c to b e r th a n
fo r O c to b e r , a n d w ith fin a l fig u re s fo r 1 9 3 2 .
(In T h o u sa n d s o f B ales)
E stim a tes _ P ercen ta g e P r o d u ctio n Percen tage
N ov. 1,
Oct. 1,
C hange
1932
C hange
1933
1933
fo r a n y m o n th s in c e D e c e m b e r , 1 9 3 1 , a n d t h e r a t io o f c a sh s a le s
985
A la b a m a----------29
F lo rid a ........ .........
1,105
G eo rg ia -----------L o u is ia n a --........
.
500
1,230
M ississip pi-------460
T en n essee--------- — .
1,010
30
1,070
510
1,285
441
-2 .5
—3.3
+ 3 .3
- 2 .0
—4.3
+ 4 .3
947
17
854
611
1,180
480
+ 4.0
+ 70.6
+ 29.4
—18.2
+ 4.2
— 4.2
in c r e a se d 1 6 .3 p e r c e n t o v e r t h o s e in S e p t e m b e r , a n d w e re 4 .9 p e r
T o ta l Six S t a t e s . - .. 4,309
T o ta l U n ite d S ta te s 13,100
4,346
12,885
-0 .9
+ 1 ,7
4,089
13,002
+ 5.4
+ 0.8
y e a r d a ily a v e r a g e sa le s in c r e a se d 1 1 .9 p e r c e n t fr o m S e p t e m b e r t o
T h e N o v e m b e r e s t im a t e o f su g a r p r o d u c t io n in L o u is ia n a
d e p a r tm e n t s to r e s h a v e b e e n 5 .6 p e r c e n t le ss t h a n in t h a t p a r t o f
Sugar
in d ic a t e s a c r o p o f 1 8 3 ,0 0 0 t o n s , a d e c r e a s e o f 2 ,0 0 0 to n s
fr o m t h e O c to b e r e s t im a t e , a n d s m a lle r b y 4 0 ,0 0 0 t o n s t h a n th e
1 9 3 2 c r o p o f 2 2 3 ,0 0 0 to n s .
SU G A R MOVEMENT (P ound s)
RAW SU G A R
R eceip ts:
Oct. 1933
S ep t. 1933
N ew O rleans..................................... 24,940,151
41,236,604
S a v a n n a h .............................- ........... 30,367,453
11,955,972
M eltings:
N ew O rleans........ ............................ 32,032,640
66,566,212
S a v a n n a h ........ ............................... .. 39,672,536
23,456,719
S to ck s:
N e w O rleans--------------------------- 33,405,022
38,258,010
S a v a n n a h .......................................... 40,768,387
50,073,470
R E FIN E D SU G A R
S h ip m en ts:
N ew O rleans.................................... 57,798,059
81,953,271
S a v a n n a h ........ ................................. 23,882,111
29,842,921
S to ck s:
62,195,255
N ew O rleans.......... ......................... 45,978,648
S a v a n n a h ---------- -------------------- 12,224,838
10,939,341
Rice
T h e e s t im a t e
o f r ic e p r o d u c t io n
in
c e n t g r e a te r t h a n in O c to b e r , 1 9 3 2 .
O c to b e r h a d o n e m o r e b u sin e s s
d a y t h a n S e p t e m b e r , h o w e v e r , a n d t h e in c r e a se in d a ily a v e r a g e
s a le s o v e r S e p t e m b e r w a s 1 2 .5 p e r c e n t .
O c to b e r .
1932.
A t t h e s a m e t im e la s t
F o r t h e t e n m o n th s o f 1 9 3 3 , t o t a l s a le s b y th e s e r e p o r t in g
I n O c to b e r c a sh s a le s a c c o u n t e d fo r 4 3 .6 p e r c e n t o f t h e
t o t a l, t h e h ig h e s t p e r c e n t a g e s in c e J u ly , a n d c o m p a r e d w ith 4 2 .2
p e r c e n t in O c to b e r a y e a r a g o .
g r e a te r th a n a m o n t h e a rlier , a n d 6 .6 p er c e n t la r g e r th a n a y e a r
ago.
A c c o u n ts r e c e iv a b le in c r e a se d 6 .2 p e r c e n t o v e r t h e m o n th a n d
71,162,375
28,644,831
w e re 1 .3 p e r c e n t la r g e r t h a n a y e a r a g o , a n d c o lle c t io n s in c r e a se d
48,675,900
47,881,092
O c to b e r , 1 9 3 2 , b y 4 .7 p e r c e n t .
80,390,011
22,806,175
a n d d u e a t t h e b e g in n in g o f t h e m o n th w a s 2 9 .4 p e r c e n t, c o m p a r e d
71,179,461
17,435,299
1932.
1 4 .4 p e r c e n t fr o m S e p t e m b e r t o O c to b e r a n d e x c e e d e d t h o s e in
T h e r a tio o f c o lle c t io n s d u r in g O c to b e r t o a c c o u n t s o u t s t a n d in g
L o u is ia n a
in c r e a se d
1 5 ,9 9 0 ,0 0 0
b u s h e ls p r o d u c e d in 1 9 3 2 .
RICE MOVEMENT (N ew O rleans)
R o u g h R ice—B arrels:
O ct. 1933 S ep t. 1933
R e ceip ts............................................................... 89,283
57,705
S h ip m e n ts..........................................................
64,787
57,136
S to ck s................................................................... 34,009
9,513
C lean R ice—P ock ets:
R e ceip ts...............................- .............................. 93,809
77,885
S h ip m e n ts..........................................................
46,829
91,739
S to ck s................................................................... 168,392
121,412
T o t a l s a le s d u r in g O c to b e r b y 3 7 r e p o r t in g d e p a r tm e n t s to r e s
D e p a r t m e n t s to r e s t o c k s a t t h e e n d o f O c to b e r w e re 5 .7 p e r c e n t
O ct. 1932
51,247,893
6,306,979
7 4 0 ,0 0 0 b u s h e ls fr o m O c to b e r 1 t o N o v e m b e r 1 w h e n a c ro p
o f 1 5 ,1 7 0 ,0 0 0 b u s h e ls w a s in d ic a te d , c o m p a r e d w ith
t o t o t a l s a le s in c r e a se d o v e r t h e m o n th a n d w a s h ig h e r th a n a y e a r
ago.
w ith 2 7 .3 p e r c e n t fo r S e p t e m b e r , a n d w it h 2 8 .2 p e r c e n t fo r O c to b e r ,
p e r c e n t , a n d fo r r e g u la r a c c o u n t s t h e r a t io fo r O c to b e r w a s 3 1 .5
p e r c e n t, fo r S e p t e m b e r 2 9 .0 p e r c e n t , a n d fo r O c to b e r a y e a r a g o
3 0 .2 p e r c e n t .
w e re :
O ct. 1932
85,253
74,338
14,480
113,982
89,843
169,623
F o r in s t a llm e n t a c c o u n t s t h e r a t io fo r O c to b e r w a s 1 5 .0 p e r
c e n t , fo r S e p t e m b e r 1 3 .5 p e r c e n t, a n d fo r O c to b e r la s t y e a r 1 5 .3
C o lle c tio n r a tio s fo r r e p o r t in g c it ie s fo r O c to b e r
A t la n t a , 2 5 .3 ; B ir m in g h a m , 2 4 .7 ; C h a t t a n o o g a , 2 9 .9 ; N a s h
v ille , 2 8 .0 ; N e w O r le a n s, 3 7 .4 ; a n d O th e r C itie s , 2 9 .2 .
A ll o f t h e s e s t a t is t ic s a r e b a s e d u p o n r e p o r t s in a c t u a l d o lla r
a m o u n t s a n d t h e p e r c e n t a g e c o m p a r is o n s in t h e ta b le , a n d t h e
i n d e x n u m b e r s o n p a g e 8 , m a k e n o a llo w a n c e fo r c h a n g e s in t h e
l e v e l o f p r ic e s .
M O N T H L Y
R E V IE W
5
R ETAIL T R A D E IN TH E S IX T H D IS T R IC T D U R IN G O C TO BER , 1933
B A SE D O N C O N FID EN T IA L R E PO R T S FROM 37 D EPARTM ENT ST O R E S
C O M PARISON OF ST O C K S
CO M PARISON O F N E T SALES
R A TE O F S TO C K TU R N O V E R
O ct. 31. 1933
O ct. 31, 1933
O ctober 1933
O ctober 1933
J a n . 1 to O ct. 31.
w ith
O ct.
w it h
w it h
1933 w ith sam e
w ith
O ct.
J a n . 1 t o O ct. 31,
O ct. 31.1932
Sep t. 30. 1933
O ct. 1932
S e p t. 1933
period in 1932
1933
1932
1933
A tla n ta (6)............
B irm in g h a m (4 )..
C h a tta n o o g a (4).
N a sh v ille (4).........
N e w O rleans (5)..
O th er C itie s (14)..
D IS T R IC T (37)—
N o te : T h e ra te o f sto c k tu rn o v er
—7.3
+ 19.4
+ 4.8
+ 0.1
—7.8
+ 5.5
+ 7.4
+ 24.7
- 5.5
+ 13.2
+21.1
-5 .3
+ 4.9
—
4.1
+ 27.5
+ 0 .8
+ 8.2
+ 0.5
+ 2 2.4
—6.7
+
29.5
+10.7
-2 .0
+ 1.9
+ 6.6
+ 4.9
+16.3
—5.6
is th e r a tio o f sa les d u rin g g iven p er io d t o average sto c k s o n h a n d .
W holesale October sales by 102 reporting wholesale firms in the
Trade
Sixth District increased over the previous month,
for the eighth consecutive month, and continued
greater than in the same period last year. The gain from Septem
ber to October was less than one per cent, however, but October
sales were 21.8 per cent greater than in October, 1932. The Octo
ber index is the highest for any month in two years. For the ten
months of 1933, sales by these reporting firms have been 9.6 per
cent greater than in that part of 1932. Percentage comparisons
of reported figures are shown in the table, and index numbers
appear on page 8.
N o. of
Firm s
A ll L in e s C om bined:
S a le s...............................................
S to ck s............................................
A cco u n ts R e ce iv a b le.............
C o lle c tio n s..................................
G roceries:
S a le s...............................................
A tla n ta ..................................
J a c k so n v ille .........................
N e w O rlean s.......................
V ick sb u rg .............................
O th er C ities.........................
S to ck s o n h a n d .........................
A cco u n ts R eceivable...............
C o lle c tio n s..................................
D r y G ood s:
S a le s...............................................
N a sh v ille...............................
O th er C ities.........................
S to ck s o n h a n d .........................
A c co u n ts R eceivable...............
C o lle c tio n s..................................
H ardw are:
S a le s...............................................
N ash v ille...............................
N ew O rleans.......................
O th er C itie s .........................
S to ck s o n h a n d .........................
A cco u n ts receivable................
C o lle c tio n s—...............................
F u rn itu re:
S a l e s - - . .....................................
A tla n ta ..................................
O ther C i t i e s - .....................
S to ck s on h a n d .........................
A c co u n ts receivable................
C o lle c tio n s..................................
E lectrical S u p p lies:
S a le s...............................................
N ew O rleans.......................
O th er C itie s.........................
S tock s o n h a n d .........................
A c co u n ts receiv a b le-..............
C o lle c tio n s ..................................
Drugs*
S a le s...............................................
A cco u n ts receivable................
C o lle c tio n s..................................
S ta tio n ery :
S a le s .— . ....................................
102
29
52
54
24
3
4
5
3
9
3
11
12
16
3
13
8
9
10
26
3
5
18
9
17
17
9
4
5
6
7
6
P e r c en ta g e C om parisons
J a n .-O c t.
O ct. 1933 w ith :
1933 w ith
S ep t.
O ct. sam e period
1932
+21.8
+ 0.7
— 1.8
+ 9.6
— 0.7
— 2.3
+ 21.9
— 0.9
+ 7.3
— 3.4
+ 5.2
— 5.8
— 6.3
+18.1
+18.2
+ 6.7
+17.1
+42.5
+17.6
+29.0
— 4.1
+12.5
+ 10.3
+20.6
+ 0.2
—10.5
— 3.3
+ 4.6
— 0.6
+21.1
+ 8.0
+ 24.3
+ 19.8
— 3.3
+ 1.5
+ 2 7.8
+11.1
+ 1.5
+ 1.2
+ 1.6
+ 1.0
— 2.1
+ 2 3 .2
+ 1 2.5
+27.3
— 2.6
+ 1 8.4
— 9.2
— 5.2
+ 34.3
+ 3.5
+ 3.8
—10.4
+11.1
- 3.7
+ 4.9
- 6.0
+ 6.8
+ 23.2
+14.1
+ 25.4
+ 13.8
+ 3.0
+ 20.4
+12.7
+ 53.1
+ 3 8.6
+60.1
+ 9.2
+ 2.9
+ 17.8
+ 29.8
+13.9
+ 3 0.4
— 0.4
+50.1
-1 9 .1
— 1.3
+ 1 3.3
+13.7
— 7.0
+24.2
+68.8
-0 .3
— 0.1
+17.2
— 9.5
-4 .9
-4 .4
+ 1.6
4
— 6.9
— 7.3
—22.5
Sales of new, paid-for, ordinary life insurance in the
six states located wholly or partly in the Sixth District
increased from March through July, declined in
August and September, but increased 8.7 per cent from September
to October and were 3 per cent greater than in October, 1932.
Comparisons for these six states in the table are taken from statis
tics compiled by the Life Insurance Sales Research Bureau.
A la b a m a ...................... $ 3,624
F lo rid a .........................
3,221
G e o r g ia......... ...............
5,947
L o u is ia n a ....................
3,883
M ississip p i..................
2,396
”
. ..
5,136
T o t a l ......................... $24,207
$ 3,202
3,093
5,772
3,425
1,941
4,845
$22,278
$ 3,102
3,226
5,939
3,852
2,189
5,189
$23,497
J a n .-O c t.
1933
1932
$ 34,749
35,147
57,872
38,050
22,954
54,416
$243,188
$ 37,434
40,928
68,078
43,589
21,968
59,720
$271,717
C o m m e r c ia l
S t a t i s t i c s c o m p ile d a n d p u b lis h e d b y D u n & B r a d -
F a ilu r e s
s t r e e t , I n c ., in d ic a t e t h a t d u r in g O c to b e r th e r e
w e r e 1 ,2 0 6 b u s in e s s fa ilu r e s in t h e U n it e d S t a t e s ,
c o m p a r e d w it h 1 ,1 1 6 in S e p t e m b e r a n d w it h 2 ,2 7 3 in O c to b e r , 1 9 3 2 ,
a n d lia b ilit ie s fo r O c to b e r w e r e $ 3 0 ,5 8 1 ,9 7 0 , a g a in s t $ 2 1 ,8 4 6 ,9 0 6
fo r S e p t e m b e r a n d $ 5 2 ,8 6 9 ,7 9 4 fo r O c to b e r a y e a r a g o .
I n t h e S ix t h D i s t r i c t th e r e w e r e f o r t y fa ilu r e s in O c to b e r , t h ir t y n in e in S e p t e m b e r , a n d o n e h u n d r e d t h ir t y - s e v e n in O c to b e r la s t
y e a r , a n d lia b ilit ie s fo r O c to b e r w e r e $ 5 8 2 ,1 4 6 , t h e s m a lle s t t o t a l ,
e x c e p t fo r M a y , 1 9 3 1 , in a v a ila b le r e c o r d s .
G R A IN E X P O R T S -N E W OKLEANS.CBushels)
O ct.
S e p t.
O ct.
J u ly 1 t o O ct. 31,
1933
1933
1932
1933
1932
W heat...............................
3,317
C o m ..................................
2,781
O a ts................................... 12,197
T o ta l.........................
18,295
38,650
2,866
8,867
2,267
1,033
36,761
68,057
23 051
40,117
348,224
17*795
182^508
50,383
40,061
IN D U S T R Y
131,225
548,527
B u ild in g
T h e v a lu e o f p e r m its fo r t h e c o n s t r u c t io n o f b u ild in g
P e r m its
w it h in t h e c o r p o r a t e lim it s o f t w e n t y r e p o r t in g c it ie s
a g o . T h e r e w e r e e le v e n c it ie s t o r e p o r t in c r e a s e s fr o m S e p t e m b e r
t o O c to b e r ,
a n d in c r e a s e s o v e r O c to b e r , 1 9 3 2 , w e r e r e p o r t e d a t
e ig h t c it ie s . C o m p a r a tiv e ly la r g e t o t a l s w e r e r e p o r te d in O c to b e r
8
4
5
(000 O m itted)
S ep t.
O ct.
1933
1932
3.20
2.42
2.13
2.16
2.05
2.25
2.35
in t h e S ix t h D i s t r i c t d e c lin e d s lig h t l y fr o m S e p t e m b e r
Life
Insurance
O ct.
1933
3.36
2.07
1.82
1.82
1.92
1.68
2.11
t o O c to b e r , b u t w a s c o n s id e r a b ly s m a lle r t h a n fo r O c to b e r a y e a r
—11.5
-8 .1
—12.9
— 9.2
+ 16.1
.29
.31
.27
.23
.23
.25
.26
+ 0.8
13
4
9
3
4
4
- 2.0
.35
.29
.23
.22
.26
.23
.27
—11.7
+ 4.3
+ 29.6
+ 7.0
+24.8
+22.8
+ 1.4
+ 11.5
— 2.5
— 1.4
+ 7.1
+ 12.7
+ 5.7
P ercen t
C hange
l a s t y e a r fr o m N e w O r le a n s a n d C h a t t a n o o g a .
F o r t h e t e n m o n t h s o f 1 9 3 3 , t o t a l p e r m its r e p o r t e d a t t h e s e
t w e n t y c it ie s h a v e a m o u n t e d t o $ 1 1 ,8 5 4 ,9 3 7 , s m a lle r b y 2 5 .6 p e r
c e n t t h a n fo r t h e s a m e p a r t o f 1 9 3 2 . C o m p a r is o n s fo r t h e m o n th
a r e s e t o u t in t h e t a b le .
. N um b er
V a lu e
P ercen ta g e
1933
1932
1933
1932
change
_______________________ _________________________________________ in valu e
A lab am a *
A n n isto n ............
B ir m in gh am —
M obile..................
_ M ontgom ery—
F lorid a:
J a ck so n v ille—
M iam i
......
M iami B ea ch —
O rlan d o..............
Tam pa------------G eorgia:
A tla n ta ...............
A u g u s ta ..............
C olu m b u s..........
M acon..................
_ S a v a n n a h ..........
L o u isia n a :
N ew O rlean s. A lexan d ria.........
T6I1I16SS66 •
C h a tta n o o g a J o h n so n C i t y K n oxville............
N a sh v ille............
58
96
57
83
$
1,825
159
58
69
$
4,475
32,723
22,088
24,873
114,893
42,870
15,220
—
—
—
+
59.2
71.5
48.5
63.4
+
—
—
+
—
350.2
32.1
25.8
101.5
27.1
401
280
64
101
193
299
321
61
37
179
402,440
92,728
102,550
30,337
35,993
114,905
136,525
138,175
15,058
49,378
187
43
44
206
22
206
45
31
157
15
91,100
9,132
82,096
15,590
7,696
77,827
16,701
6,703
18,001
19,100
+ 17 1
45.3
+1124.8
— 13.4
— 59.7
61
68
93
63
110,490
34,915
916,337
16,495
— 87 9
+ 11L 7
239
1
16
85
201
3
25
85
48,615
2,000
30 174
36,620
886,225
1,125
22 512
50,376
+
+
-
94.5
77 8
34 !o
27i3
T o ta l 20 C ities
2,252
2,115
1,213,985
2,662,901
— 54.4
C o n t r a c t T h e v a lu e o f c o n tr a c ts a w a r d e d in t h e S ix t h D is t r ic t ,
A w ard s
a c c o r d in g t o s t a t is t ic s c o m p ile d b y t h e F .
W.
D odge
C o r p o r a tio n a n d s u b d iv id e d in t o d is tr ic t to t a ls b y t h e
F e d e r a l R e s e r v e B o a r d ’s D iv is io n o f R e s e a r c h a n d S t a t is t ic s , w a s
n e a r ly t w o a n d o n e -h a lf t im e s a s la r g e fo r O c to b e r a s fo r S e p t e m
b er, o r fo r O c to b e r , 1 9 3 2 .
R e s id e n tia l c o n tr a c ts d e c lin e d s o m e
w h a t, b u t o th e r c la ss e s in c r e a se d , a n d t h e m o n t h ’s t o t a l w a s th e
- 7.2
—14.1
—15.0
- 1 2 .7
+ 4.5
- 8.9
s h o w n fo r G e o r g ia a n d M iss is sip p i.
-1 0 . 5
t o t a l a w a r d s w e r e 1 .6 p e r c e n t le s s in t h a t p a r t o f 1932*
la r g e s t s in c e J u ly , 1 9 3 1 .
T h e in c r e a se s, o v e r t h e p r e v io u s m o n th
a n d o v e r t h e c o r r e sp o n d in g m o n th la s t y e a r , w e r e r e p o r te d fo r
A la b a m a ,
F lo r id a ,
L o u is ia n a
and
T en n essee,
d ecreases
b e in g
F o r th e te n m o n th s o f 1933,
6
M O N T H L Y
R E V IE W
C o m p a r is o n s fo r t h e D is t r ic t , fo r in d iv id u a l s t a t e s o f t h e d is
I n t h e th r e e s t a t e s o f t h is d is t r ic t fo r w h ic h C e n s u s B u r e a u
tr ic t, a n d fo r t h e 3 7 s t a t e s e a s t o f t h e R o c k y M o u n t a in s , a r e s h o w n
fig u re s a r e c o m p ile d s e p a r a t e ly , t o t a l c o n s u m p t io n o f c o t t o n in
in t h e ta b le .
c r e a s e d 2 .2 p e r c e n t fr o m S e p t e m b e r t o O c to b e r , b u t w a s 0 .9 p e r
O ctober
1933
Septem ber P er c e n t O ctober
1993
C hange
1932
Per c e n t
C hange
c e n t s m a lle r t h a n in O c to b e r la s t y e a r .
F o r t h e th r e e m o n t h s o f
t h e s e a s o n c o n s u m p t io n h a s b e e n 9 .8 p e r c e n t g r e a t e r t h a n in t h a t
S ix th D is t r ic t - T o t a l. $ 17,137,079 $ 7,193,977 + 138.2 $ 7,387,343 +132.0
R e s id e n tia l............
913,502
1,100,562 — 17.0
915,247 — 0.2
A ll O th ers...............
16,223,577
6,093,415 + 166.2
6,472,096 +150.7
S ta te T o ta ls:
A labam a...................
1,904,500
90,600 +2002.1
597,000 +219.0
7,955,800
2,592,300 + 206.9
2,588,200 +207.4
F lo rid a .....................
G eorgia....................
682,900
711,300 — 4.0
2,139,400 — 78.2
L o u isia n a ................
5,791,400
2,201,700 + 163.0
649,900 +791.1
741,900
2,594,200 — 71.4
1,447,800 — 48.8
M is s is s ip p i............
TOw S S !-™ -—
U n ite d S t a t e s - T o t a l
R e s id e n tia l............
N o n -R e s id e n tia lP u b lic Works a n d
U tilitie s ............
L um b er
1,925,100
919,400 + 109.4
145,367,200 122,549,400 + 18.6
21,525,700 23,849,000 — 9.3
31,117,400 37,951,300 18.0
92,724,100
60,749,100 +
891,800 +115.9
107,273,900 + 35.5
21,855,600 — 1.5
26,917,400 + 15.6
52.6
W e e k ly s t a t is t ic s o f t h e S o u th e r n
58,500,900 + 58.5
P in e A s s o c ia tio n ,
p a r t o f t h e s e a s o n b e fo r e , a d e c lin e in T e n n e s s e e b e in g m o r e t h a n
o ff s e t b y in c r e a s e s in G e o r g ia a n d A la b a m a .
C o m p a r is o n s fo r t h e s e
s t a t e s a r e s h o w n b e lo w .
C O T TO N C O N SU M PTIO N —B ales
O ct.
O ct.
S ep t.
1932
1933
1933
51,050
92,333
10,448
A la b a m a....................
G e o r g ia......................
T en n e sse e ..................
48,337
92,099
10,056
54,434
87,519
13,278
A u g . 1 t o O ct. 31,
1933
1932
157,575
296,297
32,301
155,313
249,895
37,694
155,231
486,173
153,8;
150,492
442,902
O c to b e r p r o d u c t io n o f c o t t o n c lo t h b y r e p o r t in g
T o ta l....................
C otton
M anufacturing
m ills in
th is
d is t r ic t in c r e a s e d
s lig h t l y
over
a n d r e p o r t s in t h e p r e ss , in d ic a t e t h a t d u r in g O c to b e r
S e p t e m b e r , b u t p r o d u c t io n o f y a r n d e c lin e d ,
p r o d u c t io n o f r e p o r t in g m ills d e c lin e d s o m e w h a t fr o m t h e le v e l
a n d m o r e y a r n b u t le s s c lo t h w a s m a n u fa c tu r e d b y t h e s e m ills t h a n
o f e a r lie r m o n t h s a n d o r d e r s b o o k e d b y th e s e m ills c o n t in u e d t o
in O c to b e r , 1 9 3 2 .
b e le s s t h a n t h e ir o u t p u t .
d e c lin e d in O c to b e r , f o llo w in g a s u b s t a n t ia l in c r e a s e in S e p t e m b e r
U n fille d o r d e r s a v e r a g e d 19 p e r c e n t
le s s t h a n d u r in g O c to b e r , 1 9 3 2 .
T h e w e e k ly s t a t e m e n t s fo r t h e
O rd ers r e p o r t e d b y b o t h c lo t h a n d y a r n m ills
o v e r A u g u s t, b u t w e r e g r e a t e r t h a n a t t h e s a m e t im e l a s t y e a r .
fir s t t w o w e e k s o f N o v e m b e r , h o w e v e r , in d ic a t e a d e fin ite im p r o v e
S t o c k s in c r e a s e d o v e r t h e m o n t h b u t w e r e s m a lle r t h a n a y e a r a g o .
m e n t in t h e v o lu m e o f o r d e r s w h ic h a v e r a g e d , fo r t h o s e t w o w e e k s ,
T h e r e w e r e s lig h t d e c lin e s in e m p lo y m e n t a t t h e s e m ills fr o m
4 8 .9 p e r c e n t g r e a te r t h a n in O c to b e r , 4 2 .4 p e r c e n t g r e a te r t h a n
S e p t e m b e r t o O c to b e r , t h e c o m b in e d fig u r e s s h o w in g a d e c r e a s e o f
d u r in g t h e c o r r e s p o n d in g w e e k s o f 1 9 3 2 , a n d 2 9 .2 p e r c e n t g r e a te r
0 .6 p e r c e n t , b u t t o g e t h e r t h e y h a d 5 1 .6 p e r c e n t m o r e e m p lo y e e s
t h a n p r o d u c t io n b y t h e s e r e p o r t in g m ills.
th a n a y e a r a g o .
T h e S o u th e r n L u m b e r
m a n s t a t e s t h a t m o s t o f t h e in c r e a s e d b u y in g w a s d o n e b y r e t a il
P e r c e n ta g e c o m p a r is o n s o f r e p o r t e d fig u r e s a r e
s h o w n in t h e t a b le .
P e r c en ta g e c h a n g e
tnber o f j O ct. 1933 com pared w ith :
Mills
S e p t. 1933
O ct. 1932
. 18
+ 1.4
— 2.3
17
— 2.4
—21.1
13
- 3 8 .3
+ 42.8
15
— 0.9
+16.3
. 15
+ 8.8
—10.2
— 0.3
. 16
+ 42.8
y a r d s , w h ile p r io r t o N o v e m b e r t h e b u lk o f t h e b u s in e s s fo r s o m e
w e e k s h a s b e e n o r d e r s fr o m
C iv ilia n C o n s e r v a tio n C a m p s a n d
O o tto n C lo th :
fo r m a t e r ia l u s e d in p u b lic w o r k s a n d r iv e r s a n d h a r b o r s w o r k .
C o m p a r is o n s o f fig u r e s fo r r e c e n t w e e k s w it h t h o s e p e r io d s a y e a r
a g o a r e s e t o u t in t h e ta b le .
(In T h o u sa n d s o f F eet)
Week
N u m b er Orders
P r o d u ctio n U n fille d Orders
E n d ed
o f m ills 1933
1932
1933
1932
1933
1932
O ctober 7............................ —
O ctober 14................................
O ctober 21................................
O ctober 28................................
N ovem ber 4..............................
N ovem ber 11............................
101
100
96
101
96
97
21,874 29,357
22,437 27,117
18,276 23,494
17,601 23,556
24,647 22,781
35,065 19,143
25,299
22,916
22,301
21,569
23,416
22,794
22,048
22,502
21,337
22,130
21,750
22,900
61,305
62,659
59,692
54,296
58,830
71,289
79,055
77,578
73,823
64,448
63,023
58,804
C o tto n
C o n s u m p tio n o f c o t t o n b y A m e r ic a n m ills d u r in g
C o n s u m p tio n
O c to b e r in c r e a s e d 0 .9 p e r c e n t o v e r S e p te m b e r
C o tto n Y a m :
C otton Seed
and C otton
Seed Products
14
— 4.7
+ 8.8
14
— 5.1
—18.4
8
+42.1
—32.7
— 2.2
. 10
—12.6
13
+27.0
— 7.1
— 1.1
. 13
+ 70.6
O p e r a tio n s o f c o t t o n s e e d o il m ills in t h is d is t r ic t ,
a n d in t h e c o u n t r y a s a w h o le , d e c lin e d fr o m
S e p t e m b e r t o O c to b e r a n d w e r e a t a c o n s id e r a b ly
lo w e r le v e l t h a n in O c to b e r l a s t y e a r .
R e c e ip t s
a n d w a s o n ly s lig h t l y la r g e r t h a n in O c to b e r la s t
o f s e e d b y m ills in th is d is t r ic t d e c lin e d a b o u t 1 6 p e r c e n t o v e r t h e
y e a r , b u t e x p o r ts o f c o t t o n in c r e a s e d 2 0 .4 p e r c e n t fr o m S e p te m b e r
m o n th , a n d c r u s h in g s d e c r e a s e d 1 1 .6 p e r c e n t , a n d r e c e ip t s w e r e
t o O c to b e r a n d w e r e 3 .8 p e r c e n t g r e a te r t h a n a y e a r a g o .
On a
1 7 .4 p e r c e n t le s s t h a n in O c to b e r , 1 9 3 2 , a n d c r u s h in g s w e r e 1 6 .3
d a ily a v e r a g e b a s is , h o w e v e r , c o n s u m p t io n in t h e c o u n t r y a s a
p e r c e n t le s s .
w h o le d e c lin e d 3 .0 p e r c e n t , in t h e c o t t o n s t a t e s 2 .9 p e r c e n t, a n d in
w a s a ls o s m a lle r t h a n in S e p t e m b e r o r in O c to b e r l a s t y e a r .
o th e r s t a t e s 3 .3 p e r - c e n t , fr o m S e p te m b e r .
l a t i v e fig u r e s fo r t h e fir s t th r e e m o n t h s o f t h e c o t t o n s e a s o n s h o w
m o n th s o f t h e n e w
F o r t h e fir s t th r e e
c o t t o n s e a s o n c o n s u m p t io n h a s b e e n
P r o d u c t io n o f t h e p r in c ip a l c o t t o n s e e d c o m m o d it ie s
C um u
1 3 .8
sm a lle r r e c e ip t s a n d c r u s h in g s , a n d s m a lle r p r o d u c t io n , t h a n in tha<t
p e r c e n t g r e a te r t h a n in t h a t p a r t o f t h e s e a s o n b e fo r e , a n d e x p o r ts
p a r t o f t h e s e a s o n b e fo r e , a n d a t t h e e n d o f O c to b e r s t o c k s o f c r u d e -
h a v e b e e n 1 1 .5 p e r c e n t g r e a te r .
o il a n d o f c a k e a n d m e a l w e r e la r g e r , b u t t h o s e o f h u lls a n d lin t e r s /
S t o c k s o f c o t t o n , b o t h t h o s e h e ld
b y c o n s u m in g e s t a b lis h m e n t s a n d t h o s e in p u b lic s t o r a g e a n d a t
c o n s id e r a b ly s m a lle r , t h a n a t t h a t t im e a y e a r a g o .
c o m p r e s s e s in c r e a se d o v e r S e p te m b e r , b u t c o m b in e d s t o c k s w e r e
t w o c o lu m n s o f t h e t a b le a r e c o m p a r e d c o m b in e d t o t a ls fo r G e o r g ia ,|
2 .3 p e r c e n t s m a lle r t h a n a y e a r a g o .
A la b a m a , L o u is ia n a a n d M is s is s ip p i, a n d in t h e l a s t t w o c o lu m n s \
T h e n u m b e r o f s p in d le s
a c t iv e in O c to b e r d e c lin e d o n e -h a lf o f o n e p e r c e n t fr o m S e p t e m b e r ,
b u t w a s 5 .3 p e r c e n t g r e a te r t h a n fo r O c to b e r , 1 9 3 2 .
C en su s
B u r e a u fig u r e s a r e c o m p a r e d in t h e t a b le .
C O TTO N C O N SU M PTIO N, E X P O R T S, ST O C K S A N D ACTIVE
SP IN D L E S
U N IT E D STATES—B a les
O ct. 1933
S ep t. 1933
O ct. 1932
C o tto n C o n su m ed .......... ......................
503,873
499,486
501,893
S to ck s......................................................... 10,835,532
8,535,013
11,091,704
I n C o n su m in g E sta b lish m e n ts.
1,361,190
1,160,457
1,267,181
I n P u b lic S to ra g e a n d a t O om C om presses................................
9,474,342
7,374,556
9,824,523
E xports.......................................................
1,046,524
869,244
1,008,023
•Active S p in d le s—N u m b er .................. 25,875,142
26,002,148
24,583,408
O O TTON GROW ING STATES—B a les
C o tto n C o n su m ed .................................
405,157
401,373
414,490
S to ck s......................................................... 10,212,819
7,900,928
10,397,178
I n C o n su m in g E sta b lish m e n ts1,088,841
890,269
1,011,530
I n P u b lic S to ra g e a n d a t C om
presses.......................................... 9,123,978
7,010,659
9,385,648
A ctive S p in d le s—N u m b er.................. 17,614,074
17,724,830
17,088,816
OTH ER STATES—B a le s
O o tto n C o n su m ed .................................
98,716
98,113
87,403
S to ck s.........................................................
622,713
634,085
694,526
I n C o n su m in g E sta b lish m e n ts.
272,349
270,188
255,651
I n P u b lic S to ra g e a n d a t Com
presses..........................................
350,364
363,897
438,875
A ctive S p in d les—N u m b er------------8,261,068
8,277,318
7,494,592
I n t h e firstj
t o t a ls fo r t h e c o u n t r y .
O O TTO N SE E D A N D C O T TO N SE E D P R O D U C T S
♦S ixth D istr ict
U n ite d S ta te s
A u g . 1 t o O ct. 31,
A u g . 1 to O ct. 31,
1932
1933
1932
1933
C o tto n S eed, T on s:
R eceived a t m ills C ru sh ed ....................
O n H a n d O ct. 31
P ro d u ctio n :
657,228
405,947
280,051
726,083
427,159
346,860
2,254,479
1,402,345
1,073,072
2,350,151
1,432,033
1,218,142
431,980,151
437,373,835
C ake a n d Meal,
to n s .....................
174,329
645,610
629,100
383,634
405,279
H u lls, to n s ..............
113,126
122,006
L in ters. b a le s.........
72,849
74,013
221,308
244,801
S to ck s a t M ills, O ct. 31:
C rude O il, lb s ........
29,146,050
105,760,734
85,788,046
C ake a n d M eal,
t o n s .....................
105,055
313,114
308,306
86,497
81,055
168,433
256,438
H u lls, t o n s ..............
39,631
L inters, b a le s.........
44,767
88,812
142,115
269,998
♦G eorgia, A labam a. L o u isia n a , a n d M ississippi.
E l e c t r i c T o t a l p r o d u c t io n o f e le c t r ic p o w e r b y p u b lic u t i l i t y
P ow er
p o w e r p la n t s in t h e s ix s t a t e s lo c a t e d w h o lly o r p a r t ly
in t h e S ix t h D is t r ic t d e c lin e d 2 .7 p e r c e n t f r o m A u g u s t
t o S e p t e m b e r , a n d w a s 5 .7 p e r c e n t g r e a t e r t h a n in S e p t e m b e r
\
M O N T H L Y
a y e a r e a r lie r .
P r o d u c t io n b y u se o f w a te r p o w e r d e c lin e d 5 .4 p e r
c e n t o v e r t h e m o n th , b u t w a s 4 .7 p e r c e n t g r e a te r t h a n a y e a r a g o ,
a n d o u t p u t b y u s e o f f u e ls in c r e a s e d 2 p e r c e n t o v e r A u g u s t a n d
w a s 7 .5 p e r c e n t g r e a t e r t h a n in S e p te m b e r , 1 9 3 2 .
B ec a u se o f th e
s h o r te r m o n th , d a ily a v e r a g e p r o d u c t io n in c r e a se d 0 .5 p e r c e n t
fr o m A u g u s t t o S e p te m b e r .
F o r t h e n in e m o n th s o f 1 9 3 3 t o t a l
p r o d u c t io n h a s b e e n 2 .8 p e r c e n t g r e a te r t h a n in t h a t p a r t o f 1 9 3 2 .
D u r in g t h is n in e m o n th s p e r io d 6 5 .4 p e r c e n t o f t h e t o t a l h a s b e e n
b y u s e o f w a te r p o w e r a s c o m p a r e d w ith 6 3 .8 p e r c e n t d u r in g t h a t
p e r io d a y e a r a g o .
F ig u r e s in t h e ta b le a r e fr o m t h o s e c o m p ile d
b y t h e G e o lo g ic a l S u r v e y .
P R O D U C T IO N OF ELECTRIC POWER (000 k . w . h o u rs)
S ep t. 1933
A u g . 1933
S e p t. 1932
163,632
180,668
188,199
49,191
47,905
46,491
82,574
77,651
61,408
111,811
111,583
105,083
5,329
4,182
4,462
90,609
95,126
70,360
A la b a m a ................................. ........................
F lo rid a ................- .............- ____ _________
G eo rg ia _____ ________________________
L o u is ia n a ......................... ....... ................ --M ississip p i-____ _______________ - .........
T en n e sse e.......... - ...........- ................ - ...........
T o ta l.........................................................
503,146
517,115
B y u s e o f: W a terP o w er.........................
311,751
329,418
F u e ls ........................................
191,395
187,697
F u els C onsum ed in P ro d u ctio n
o f E lectric Pow er:
C oal—t o n s ..............................................
10,830
10,688
F u e l O il—b b ls.......................................
202,705
200,325
N a tu r a l G a s-0 0 0 cu. f t .................... 2,274,262
2,173,310
N o te : Septem ber fig u re s p relim in ary—A u g u st fig u res revised.
s t a t is t ic s
c o m p ile d
by
th e
476,003
297,888
178,115
12,124
174,393
2,126,194
B itu m in o u s
P r e lim in a r y
C o a l M in in g
S t a t e s B u r e a u o f M in e s in d ic a t e a s m a ll g a in in
U n it e d
t o t a l p r o d u c t io n o f b it u m in o u s c o a l d u r in g O c to b e r ,
b u t a fu r t h e r d e c r e a s e in a v e r a g e d a ily o u t p u t , a n d O c to b e r p r o
d u c t io n w a s a b o u t 9 p e r c e n t s m a lle r t h a n in t h a t m o n th la s t y e a r .
A t t h e s a m e t im e a y e a r a g o , p r o d u c t io n in c r e a s e d 2 4 .5 p e r c e n t
fr o m S e p t e m b e r t o O c to b e r .
T h e p r e lim in a r y e s t im a t e fo r O c to b e r
is c o m p a r e d in t h e t a b le w ith p r o d u c t io n fo r c e r ta in p r e c e d in g
m o n th s .
T o ta l
P r o d u ctio n
(to n s)
N u m b er o f A verage p er
w o r k in g d a y s w o r k in g d a y
(to n s)
O ctober 1933....................................— - 29,656,000
26
Septem ber 1933...................................... 29,500,000
25.1
A u g u st 1933............................................ 33,910,000
27
26
O ctober 1932................................ - ......... 32,677,000
P r o d u c t io n o f c o a l in A la b a m a in c r e a s e d fr o m A p r il t o
1,141,000
1,175,000
1,256,000
1,257,000
A u gu st
b y 6 9 p e r c e n t, a n d w a s t h e n g r e a te r b y 6 2 p e r c e n t t h a n in A u g u s t,
1932.
S e p t e m b e r o u t p u t w a s 9 .6 p e r c e n t s m a lle r t h a n in A u g u s t,
h o w e v e r , a n d w e e k ly fig u re s fo r O c to b e r in d ic a te t h a t t h e m o n t h ’s
p r o d u c t io n w a s a b o u t 14 p e r c e n t b e lo w t h a t o f S e p te m b e r .
In
T e n n e s s e e , p r o d u c t io n g a in e d 8 9 p e r c e n t fr o m A p r il t o A u g u s t,
7
R E V IE W
Production of pig iron in Alabama declined 8.1 per cent in total,
and daily average output declined 11.1 per cent, from September
to October, but was more than double the output in October, 1932.
October production had declined 18.5 per cent from the July total,
which was the largest for any month in two years. There was a
decrease of one in the number of furnaces active on November 1
compared with a month earlier, but an increase of two over those
active a year ago. Cumulated production during the ten months
of 1933 in Alabama has amounted to 678,257 tons, a gain of 20.3
per cent over production during the same part of last year. Press
reports indicate little new buying because most of the larger foun
dries have contract balances against which they are drawing.
Others are buying for immediate shipment but the volume is small.
The base price continues at $13.50 per ton. Comparisons of pro
duction figures are shown in the table.
P r o d u ctio n —T o n s
F u rn a ces
T o ta l
D a ily A verage Active*
U n ite d S ta te s:
O ctober 1933................................ 1,356,361
Septem ber 1933................... — . 1,522,257
A u g u st 1933...............— ............. 1,833,394
M arch 1933....................................
542,011
O ctober 1932................................
644,808
A labam a:
O ctober 1933........- ......................
99,742
Septem ber 1933...........................
108,592
J u ly 1933.................- ....................
122,308
O ctober 1932................................
48,581
*First o f fo llo w in g m o n th .
43,754
50,742
59,142
17,484
20,800
3,217
3,620
3,945
1,567
Naval
Stores
Receipts of both turpentine and rosin at the three principal markets of the district declined slightly from Septem
ber to October, but receipts of turpentine were 26.4 per
cent, and of rosin 20.4 per cent, greater than in October, 1932.
October stocks of turpentine increased slightly over those a month
earlier, but supplies of rosin declined, and October stocks of turpen
tine were smaller than for October of the past three years, and
stocks of rosin were the smallest for October of any year since
1926. Figures for the season through October, however, and press
reports indicate that current estimates place the 1933-34 produc
tion at approximately 20 per cent above that of the season before.
Prices of both commodities fluctuated within a narrow range
during October, but early November brought some increase in
demand and prices stiffened somewhat. Receipts and stocks for
the month are compared in the table.
R eceip ts—T u r p e n tin e (1):
P e n s a c o la .
NAVAL STO R E S
O ct. 1933
10,802
10,208
3,469
d e c lin e d 2 3 p e r c e n t fr o m A u g u s t t o S e p te m b e r , a n d w e e k ly fig u re s
fo r O c to b e r in d ic a te a fu r th e r d e c r e a s e o f a p p r o x im a te ly 15 p e r
ce n t.
(T ons)
A labam a
T en n essee
1933
1932
1933
1932
Week E n d e d *
O ctober 7______________
O ctober 14_____________
O ctober 21............... - .........
O ctober 28_____ _______
N ovem ber 4 - - ____ _____
192,000
203,000
178,000
190,000
171,000
53,000
60,000
59,000
56,000
58,000
67,000
80,000
76,000
78,000
72,000
P ig I r o n
T h e r e w a s a fu r th e r d e c lin e o f 1 0 .9 p e r c e n t in t o t a l
P r o d u c tio n
p r o d u c t io n o f p ig ir o n in t h e U n it e d S t a t e s fr o m
S e p t e m b e r t o O c to b e r , a c c o r d in g t o s t a t is t ic s p u b
lis h e d b y t h e I r o n A g e , a n d , b e c a u s e o f t h e d iffe r e n t n u m b e r o f
d a y s , a d e c r e a s e o f 1 3 .8 p e r c e n t in d a ily a v e r a g e o u t p u t .
h ig h e s t m o n th in m o r e t h a n tw o y e a r s , a n d w a s m o r e th a n tw ic e
a s la r g e a s in O c to b e r a y e a r a g o .
T h e n u m b e r o f fu r n a c e s a c t iv e
o n N o v e m b e r 1 w a s 7 8 , a d e c r e a s e o f 11 in n u m b e r , o r 1 2 .4 p e r c e n t,
fr o m t h o s e a c t iv e a m o n th e a r lie r , b u t 5 9 .2 p e r c e n t g r e a te r th a n
C u m u la te d p r o d u c t io n d u r in g t h e t e n
m o n th s o f 1 9 3 3 a m o u n te d t o 1 0 ,9 4 5 ,4 6 7 to n s , g r e a te r b y 4 5 .8 p e r
c e n t th a n p r o d u c t io n d u r in g t h e s a m e p a r t o f 1 9 3 2 .
.
.
.
.
Stock s—R o sin (2):
T o ta l.
(1) B
g a llo n s.
_ arrels
arrels o ff 50
__________
(2)
(2. B arrels o f 5(Xfpounds.
S e p t. 1933 O ct. 1932
12,255
7,613
10,547
9,293
4,109
2,456
24,479
26,911
19,362
42,608
36,512
11,353
42,548
37,322
11,381
29,643
36,419
9,091
90,474
91,251
75,153
19,266
33,813
26,537
17,804
37,378
24,381
15,031
42,208
25,264
79,616
79,563
82,503
103,325
92,265
. 15,832
106,011
96,042
16,227
163,005
157,654
14,642
211,422
218,280
335,301
O c to b e r
p r o d u c t io n w a s 2 6 p e r c e n t le s s th a n t h a t o f A u g u s t, w h ic h w a s th e
th o s e a c t iv e a y e a r a g o .
R eceip ts—R o sin (2):
S tock s—T u rp en tin e (1):
166,000
174,000
184,000
167,000
168,000
78
(Continued from page 1.)
Rates on acceptances and yields on short-term United States
Treasury bills and certificates rose slightly from mid-October to
November 20, and yields on Government and high-grade corporate
bonds advanced somewhat. Discount rates of the Federal Reserve
Banks of Boston, San Francisco and Philadelphia were reduced
from 3 per cent to 2J per cent on November 2, 3 and 16, respec
tively.
8
M O N T H L Y
R E V IE W
MONTHLY INDEX NUMBERS COMPUTED BY FEDERAL RESERVE BANK OF ATLANTA
MONTHLY AVERAGE 1923-1925=100
August
1933
September
1933
October
1933
August
1932
129.3
56.3
46.8
69.2
57.9
66.1
147.7
63.2
62.2
60.0
63.7
73.8
139.0
75.7
72.5
73.5
75.0
83.2
105.2
44.4
36.7
46.5
51.6
53.4
150.6
61.1
50.6
62.9
58.3
70.7
134.5
70.5
63.3
70.1
74.6
79.1
157.7
70.4
60.8
83.4
74.2
84.7
146.2
65.2
65.5
65.2
69.2
78.5
116.8
65.3
58.5
62.8
65.2
69.9
128.3
55.5
47.7
56.0
66.2
68.5
149.1
63.0
53.3
68.4
63.4
75.2
113.0
60.8
51.0
59.9
64.9
66.5
90.4
38.9
50.2
56.8
55.2
55.6
107.7
45.0
50.5
67.7
62.3
63.8
109.2
50.2
51.8
66.8
66.7
67.4
72.3
42.4
46.4
57.9
57.1
55.6
85.3
45.3
49.6
66.3
58.5
59.6
91.4
47.6
54.8
69.6
61.6
63.2
A tla n ta ......................................................................................................
B irm in g h a m ............................................................................................
C h a tta n o o g a ...........................................................................................
N a sh v ille .................................*...............................................................
N ew O rleans.......................................................................................... D ISTR IC T ................................................................................................
95.2
40.9
51.8
57.4
56.3
57.3
97.9
43.7
48.6
63.3
59.3
60.2
97.5
45.6
46.3
59.1
60.6
60.7
76.1
44.6
47.8
58.5
58.3
57.3
77.5
44.0
47.7
62.0
55.7
56.2
81.6
43.3
48.9
61.6
56.0
56.9
WHOLESALE TRADE—SIXTH DISTRICT—TOTAL.......................
53.0
44.5
45.8
61.2
62.7
55.5
44.9
65.2
55.5
46.2
68.6
58.5
52.4
56.5
42.3
70.5
56.5
44.6
75.7
59.3
54.4
50.0
39.4
70.2
42.6
43.4
47.7
38.8
35.2
38.2
41.6
59.9
49.6
44.9
69.4
45.0
48.8
37.1
48.7
64.9
47.5
40.5
62.0
47.9
47.1
38.2
42.5
59.9
61.5
53.9
64.3
67.0
63.7
43.3
66.8
53.1
47.2
52.3
62.9
54.1
44.4
51.5
57.6
53.4
54.4
64.8
61.3
54.8
54.6
59.6
54.4
64.5
63.6
67.9
47.7
56.3
55.5
50.0
52.6
62.2
65.3
42.0
54.4
56.0
45.7
54.5
64.8
60.8
50.1
55.1
20.6
5.4
2.8
26.8
160.0
15.3
13.8
11.1
3.7
2.1
18.8
7.1
5.9.
16.2
10.8
5.9
2.2
48.9
5.8
8.6
9.9
13.6
4.9
2.8
13.5
12.8
28.3
15.6
17.8
6.6
3.8
11.3
15.2
21.1
25.2
23.7
5.0
7.8
14.0
7.9
71.2
25.3
13.4
10.0
15.8
20.5
7.8
28.9
48.8
6.5
77.0
23.6
7.4
34.4
27.0
7.2
40.2
21.0
6.5
30.7
ALL COM M ODITIES..........................................................................
Farm P r o d u cts.......................................................................................
F o o d s..........................................................................................................
O ther C o m m o d itie s............................................................................
H id es a n d le a th e r p r o d u cts......................................................
T extile p ro d u cts.............................................................................
F u el a n d lig h tin g ..........................................................................
M etals a n d m etal p ro d u cts.......................................................
B u ild in g m aterials...................................................................... C hem icals a n d d ru g s...................................................................
H o u se fu m ish in g g o o d s..............................................................
M iscellaneous..................................................................................
69.5
57.6
64.8
74.1
91.7
74.6
65.5
81.2
81.3
73.1
77.6
65.4
70.8
57.0
64.9
76.1
92.3
76.9
70.4
82.1
82.7
72.7
79.3
65.1
71.2
55.7
64.2
77.2
89.0
77.1
73.6
83.0
83.9
72.7
81.2
65.3
65.2
49.1
61.8
70.1
69.7
52.7
72.1
80.1
69.6
73.3
73.6
64.6
65.3
49.1
61.8
70.4
72.2
55.6
70.8
80.1
70.5
72.9
73.7
64.7
64.4
46.9
60.5
70.2
72.8
55.0
71.1
80.3
70.7
72.7
73.7
64.1
COTTON CONSUMPTION—UNITED STATES.................................
C o tto n -G ro w in g S ta te s.....................................................................
A ll O ther S ta te s.....................................................................................
G eo rg ia ...............................................................................................
A lab am a.................................- .........................................................
T en n essee..........................................................................................
115.8
132.9
78.2
143.6
169.3
118.5
98.3
114.9
61.7
118.2
140.6
101.0
99.1
116.0
62.1
118.5
148.5
105.0
79.2
96.8
40.5
97.8
135.3
119.7
96.7
116.8
52.6
110.6
158.2
125.6
98.8
118.7
55.2
112.3
158.3
133.4
COTTON EXPORTS—UNITED STATES...........................................
86.3
141.4
170.3
73.6
119.4
164.0
PIG IRON PRODUCTION—U n ited S ta te s......................................
61.4
51.8
51.0
46.8
45.4
42.9
17.8
10.0
19.8
11.5
21.6
23.9
DEPARTMENT STORE TRADE—SIXTH DISTRICT
September
1932
October
1932
Dally Average Sales—Unadjusted
A tla n ta ......................................................................................................
B irm in g h a m .............................................................................................
C h a tta n o o g a ...........................................................................................
N a sh v ille....................................................................................................
N ew O rleans.......................................................................................... .
D IST R IC T ............................................................................... ...............
Daily Average Sales—Adjusted*
A tla n ta ......................................................................................................
B irm in g h a m .............................................................................................
C h a tta n o o g a ...........................................................................................
N a sh v ille ...................................................................................................
N ew O rleans............................................................................................
D IST R IC T ................................................................................................
Monthly Stocks—Unadjusted
A tla n ta ......................................................................................................
B irm in g h a m .............................................................................................
C h a tta n o o g a ...........................................................................................
N a sh v ille ...................................................................................................
N ew O rleans............................................................................................
D IST R IC T ................................................................................................
Monthly Stocks—Adjusted*
G roceries...................................................................................................
D ry G o o d s............................................................................................,,H ardw are..................................................................................................
F u rn itu r e ..................................................................................................
E lectrical S u p p lie s...............................................................................
S ta tio n e r y ................................................................................................
LIFE INSURANCE SALES-SIX STATES-TOTAL.........................
A labam a....................................................................................................
F lo rid a .......................................................................................................
G eorgia......................................................................................................
L o u isia n a ..................................................................................................
M ississippi................................................................................................
T en nessee..................................................................................................
BUILDING PERMITS—TWENTY CITIES.........................................
A tla n ta ...................................................................- .................................
B irm ingh am .............................................................................................
Ja ck so n v ille........................................................................................... .
N a sh v ille..................................................................................................N ew O rleans-..........................................................................................
F ifte e n O ther C ities.............................................................................
CONTRACT AWARDS—SIXTH DISTRICT—TOTAL........................
R e sid e n tia l...............................................................................................
A ll O th ers.................................................................................................
WHOLESALE PRICES—UNITED STATESf
A la b a m a ................................................ ♦A d justed fo r S e a so n a l V a ria tio n .
tC om p iled b y B u rea u of Labor S ta tistic s.
1926=100.
@FedFRASER