Full text of Survey of Current Business : December 1933
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DECEMBER 1933 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON V O L U M E 13 N U M B E R 12 The usual semiannual revision of material has been made in this issue. Approximately 35 new series of data have been added f and a slightly larger number dropped owing to the lack of current statistics. All the new series added since the publication of the 1932 Annual Supplement to the SURVEY are indicated by an asterisk (*). Back figures and explanatory data for these series are not printed in the Annual Supplement. If they have been published in monthly issues, references are given in the footnotes. A record of the series added and dropped with this issue is given on page 56. Owing to lack of space, it was necessary to drop the reference to the changes made in the December 1932 and June 1933 issues. This record may be consulted in the 1933 issues from June to November, inclusive. No 1933 Annual Supplement published It is important, therefore, that the tables printed monthly in the SURVEY, giving back data for certain new and revised series, be retained for reference purposes. Copies of the 1932 ANNUAL SUPPLEMENT are still furnished to new subscribers to the SURVEY, so that they may obtain the maximum benefit from the service. This supplement, and the March 1933 issue, which contains practically all of the 1932 data, will afford a complete record through December 1932, except in the case of new series, where reference to the individual monthly numbers in which the back data were published will be necessary. New subscribers may obtain the March issue as long as copies are available by sending 10 cents extra with their subscriptions. V o l u m e 13 D E C E M B E R 1933 Number 1 2 W E E K L Y D A T A T H R O U G H D E C E M B E R 2 , 1933 MONTHLY DATA THROUGH OCTOBER SURVEY OF CURRENT BUSINESS P U B L I S H E D BY UNITED STATES D E P A R T M E N T OF C O M M E R C E BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON CONTENTS SUMMARIES AND CHARTS Business indicators Business situation summarized Comparison of principal data, 1929 to 1933 Commodity prices Domestic trade Employment Finance: Credit and banking Security and money markets Foreign trade Real estate and construction Transportation Survey of individual industries: Automobiles and rubber Chemicals Farm and food products Forest products Iron and steel Textiles Page 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 STATISTICAL DATA Revised series: Book paper and paper board—production and shipments, and writing paper—production and shipments 19 Wrapping paper and other grades of paper—production and shipments 20 Weekly business statistics 21 STATISTICAL DATA—Continued Monthly business statistics: Page Business indexes 22 Commodity prices 23 Construction and real estate 24 Domestic trade 25 Employment conditions and wages 27 Finance 30 Foreign trade 34 Transportation and communications 35 Statistics on individual industries: Chemicals and allied products 36 Electric power and gas 38 Foodstuffs and tobacco 39 Fuels and byproducts , 42 Leather and products 44 Lumber and manufactures 44 Metal and manufactures: Iron and steel 45 Machinery and apparatus 47 Nonferrous metals and products 48 Paper and printing , 49 Rubber and products • 51 Stone, clay, and glass products 52 Textile products 52 Transportation equipment 54 Canadian statistics 55 Index of revisions made in December 1933 issue 56 General index Inside back cover Subscription price of the SURVEY OF CURRENT BUSINESS is 31-50 a year, which includes the 12 monthly numbers, the 1932 annual supplement, and the 52 weekly supplements. Single-copy price: Monthly, 10 cents; weekly, 5 cents; annual, 40 cents. Foreign subscriptions, $3, including weekly and 1932 annual supplements. Make remittances only to Superintendent of Documents, Washington, D.C., by postal money order, express order, or New York draft. Currency at sender's risk. Postaee stamps or foreign money not accepted 22250—33 2 SURVEY OF CURRENT BUSINESS December 1933 Business Indicators 1923-25=100 INDUSTRIAL PRODUCTION (60 INDUSTRIAL PRODUCTION I GO 100 4 0 LLL I6O FACTORY EMPLOYMENT AND PAYROLLS 200 CONSTRUCTION CONTRACTS AWARDED 100 160 TOTAL FREIGHT CAR LOADINGS DEPARTMENT STORE SALES zoo FREIGHT CAR LOADINGS L.C.L 160 100 100 200 200 BANK DEBITS OUTSIDE NEW YORK CITY 160 UNADJUSTED soo 0 WHOLESALE PRICES 40 1929 !930 9 ADJUSTED FOR SEASONAL VARIATION 193! 1932 1933 * REPORTING MEMBER BAMKS VALUE OF IMPORTS FEDERAL RESERVE MEMBER BANK LOANS* SURVEY OF CURRENT BUSINESS December 1933 Business Situation Summarized NDUSTRIAL production declined in October, conIment trary to the normal seasonal trend. The moveof the weekly indicators suggests that the recession, which has been in progress since July, may have come to an end during November. Employment was practically unchanged in October, while pay rolls increased slightly, as a result of gains in nonmanufacturing industries. Construction contracts awarded in October were higher as a result of public works awards, and did not show the usual seasonal decline in the first half of November. Foreign trade expanded in both volume and value in October. Exports increased by more than the usual seasonal amount while the increase in imports was less than seasonal. The decline of 8 percent in the October index of industrial production was about the same relative decrease as in the 2 preceding months. Both manufacturing and mineral production were lower. However, production was 16 percent higher than a year ago and 5.3 percent higher than in October 1931. The indexes continue to show a considerable disparity between the level of operations in the industries producing consumers' goods, where the rate of activity remains relatively high, and the capital goods industries in which the declines have been most severe. Factory employment declined by only 1 percent and pay rolls by a negligible amount in October. Since July, manufacturing output has dropped, while the number of factory workers has increased 10 percent, and wage payments have expanded 15 percent. Distribution of goods by the railroads declined 3 percent in October, a month in which ordinarily there is no change in the average daily loadings. The value of department-store sales expanded by about the usual seasonal amount in October and was only slightly above a year ago, notwithstanding the sharp price rise in the year's interval. These statistics reflect sales in the larger cities. Available data on rural areas indicate that the retail movement in these districts has been more favorable. Wholesale prices evidenced a sagging tendency during the first three weeks of October but thereafter moved upward at a moderate pace, so that by the week of November 18 the price level had risen to a new high for the year, up 1.8 percent from the October low. Farm prices increased slightly between mid-October and mid-November. Movements on the security markets have been irregular, with stock prices recovering in recent weeks the losses of early October, and bond prices moving almost continuously downward. During the first three weeks of October the price of gold fell 7.8 percent. From October 22, when the gold-buying policy of the Federal Government was announced, to November 15, the price of gold increased 16 percent. New capital issues have been of negligible proportions, and the Federal Government continues as the major source of new funds. Member bank loans expanded very slightly between the end of September and the middle of November, although "all other" loans continued to increase moderately. During this period the excess reserves of the member banks rose a new high. Adjusted 4> v £ 0a « Year and month Jj V «M 3 •!•> H fl A 1 Is i 1 fl fS S 2 * 1 i; .£ ?3 !i £s &! i* "5 y g$ If & ft 30 < Department | Foreign store sales, trade, vaiue, value adjusted 2 Freight-car loadings Merchandise, l.c.l. Total •c^ 'C o> "So § «e fl «, <£ •f: C/5 -o «« *c •e -2 •d t? 03 s 3 05 p ^ •oa/ "£ fi P 5 £> •w 3 £ I 02 1 & Monthly average, 1926=100 Monthly average, 1923-25=100 1930- October 1931: October ._ 1932: October . November December 1933: January February March April . __ May . June Julv . August September October _ . M o n t h l y average, January through October: 1931 1932 1933 .. 90 75 87 72 105 90 88 73 86 71 95 83 82.2 70.3 80.8 1 59. 4 97 78 86 69 68 65 60 67 63 58 80 78 72 66 65 66 65 64 64 74 75 76 61.1 61. 2 60.6 43.5 41.8 40.9 65 58 52 57 57 58 64 64 60 67 80 91 96 90 85 79 63 63 58 68 80 93 97 89 84 77 71 76 74 65 76 82 89 94 93 88 65 63 60 67 78 92 100 91 84 77 64 61 56 66 78 93 101 91 83 77 73 79 81 72 78 84 90 91 87 81 59. 4 59. 4 56. 6 57.7 60.6 64.8 70.1 73.3 74.3 73.9 39.2 40.0 36.9 38.6 42.0 46. 2 49.9 55. 7 57.6 57.4 51 51 48 51 56 60 66 65 68 66 56 54 50 53 56 60 65 61 60 58 83 64 78 83 63 77 85 71 81 75.8 62.7 65. 0 68. 0 46.1 46.4 77 57 58 1 ji ! Adjusted for number of working days. . 97 87 93 83 72 70 64 65 64 63 65 68 67 70 69 70 70 88 73 67 • J! Factory employment and pay rolls i Vfi >s ©« ? Wholesale price index, 784 commodities Unadjusted i , Construction contracts, all types, value, adjusted i j _ j Industrial production Bank debits outside New York City MONTHLY BUSINESS INDEXES 112 94 102 87 71 44 75 51 120.0 91.9 78 55 70. 3 64. -I 69 68 69 75 73 106 69 63 60 33 32 33 32 32 30 62.6 55.4 65.0 29 27 28 64. 4 63. 9 62. 6 69 66 62 63 66 67 70 69 68 66 49 49 50 68 67 64 49 59 73 77 60 60 57 67 67 68 70 77 70 70 31 29 28 29 32 36 43 38 40 42 29 26 26 25 32 40 48 50 48 46 61.1 52. 7 48.7 53.8 58.3 65.7 70.4 62.7 61.9 66.0 22 19 14 14 16 18 21 24 30 35 61. 0 59. 8 60.2 60. 4 62.7 65.0 68. 9 69. 5 70.8 71, '> 55 36 35 56 35 37 95.0 66.2 60.1 66 28 21 73.7 65.3 65. 0 j 86 65 61 2 Adjusted for seasonal variation. SURVEY OF CURRENT BUSINESS December 1933 Comparison of Principal Data, 1929 to 1933 \FIRSTIOMONTHS V//////////A REMAINDER OF PEAR 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) SUKVEY OF CURRENT BUSINESS December 1933 Commodity Prices were at a slightly higher level in October PRICES than in the preceding month. For wholesale prices series, 199 showed increases, 185 decreases, and 400 were unchanged. In the preceding month, increases numbered 294, decreases 152, and unchanged quotations 338. Retail prices of department store items, according to Fairchild's index, increased 1.3 percent between the end of September and the corresponding date in October, compared with the rise of over 4 percent in September. This represented the smallest monthly gain since prices started upward last spring, but the index is one fourth higher than the year's low and nearly one fifth above the October 1932 index. All of the component groups of the general index were higher for the month. The retail price of food has changed only fractionally since August. During October the trend was downward due mainly to the weakening in meat prices. Declines in prices of livestock and fruits and vegetables were responsible for holding the increase in the composite index of farm prices to one point between mid-October and mid-November. Prices of export commodities, such as wheat and cotton, have advanced since the middle of October as the dollar depreciated further in terms of foreign currencies. Farm prices, as a group, and the indivual commodities mentioned above readied a high in July. By the middle of November farm prices had dropped by about 7 percent, but were still 31 percent above the level of 1 year ago. the increase was the smallest since April, but the monthly index reached the highest point of the year. On a weekly basis, the wholesale price index which was 71.3 percent of the 1926 average in the first week of October, dropped to 70.4 in the week of October 21, following which there was a rise to 71.7 in the week of November 18. This was the highest point touched by the index since the third quarter of 1931. Retail prices in October also showed only a moderate increase, and the advance in the cost of living index of the National Industrial Conference Board was negligible. Wholesale prices in October averaged 0.6 percent above September and 11 percent above October 1932. The rise was the result of the continued increase in finished goods, as raw materials increased only one tenth of a point and semimanufactures declined by a similar amount. Of the 10 commodity groups, 3 showed price declines in October, 1 was unchanged, and the other 6 recorded increases varying from 0.3 percent for the textile and miscellaneous groups to 4.5 percent for fuels and lighting materials. Farm products decreased 2.3 percent, foods 1.1 percent, and hides and leather products 3.6 percent. The upward movement in wholesale prices was not as widespread in October as in other recent months. Of the 784 commodities or price INDEXES OF COMMODITY PRICES Wholesale (Department of Labor) terials Year and month product II f 11 ! •fe1 J3 C K*? s w fc S : 1 ' 1 "C i'' 0,<r i | i fc£ . v '| ll ! 1 i : ' Z£ \ a ft fi II i fe £ S 55 •c g fe : ^ £3 ! « i S i £ l! 3 j S o i pa I £ ^ •e ee no 1 3 c § oe ! « £ S w ;' i s« 1 *£ ** si i 11 ;,t£Q ,± ft <M c Sg | JS •3 C «8 "S s fi x i t* fe w 5 I , **• « ft 1 \5 S |S 1 1 ^ i ts ' "S H «3 S II e« s o 05 5 r tl 1 "t" w 111 '£& X Is 8*3 SS A "9 C o Mo. Dec. Mo Mo 1930 average, (Jan. average. average, 1909 to 1923= 1914= 1913= 1931)=1, ICO 100 Monthly average, 1926= 100 100 1930: October 1931: October 1932: October November December 1933: January February March April May June July August September October Monthly average, January through October: 1931 106 68 144 119 100 101.8 86.2 64.1 63.7 63.4 76.1 75.6 75.1 56 54 52 100 99 99 73.3 72.6 71.8 72.9 78.2 51.9 72.3 77.4 51.2 72. 2 77.2 51.3 71.5 76.9 51.8 71.7 77.7 55.9 73.4 79.3 61.5 74.8 80.6 68.0 77.6 81.2 74.6 79.3 82.1 76.9 81.2 83.0 77.1 61.2 59.2 58.9 57.8 58.9 60.8 64.0 65. 4 65.1 65.3 73.7 72.1 71.8 71.5 72.1 72.8 75.2 76.9 77.9 78.0 51 49 50 53 62 64 76 72 70 70 95 91 91 90 94 97 105 107 107 107 71.1 69.9 69.7 69.4 70.4 72.3 76.1 82.5 86.0 87.1 86.0 75.3 74.7 70.0 64.6 61.7 87.3 78.2 74.2 " 83 58 62 123 103 98 92.2 76.5 75.5 92.1 81.0 87.9 82.8 74.7 63.0 74.7 71.1 71.4 69.3 72.8 71.4 69.6 73.7 73.7 73.6 80.3 79.6 79.4 55.0 53.9 53.0 66.0 63.6 62.9 61.5 60.4 61.5 65.3 65.5 70.4 73.6 68. 9 68.0 68.1 69.4 76.9 82.4 86.3 91.7 92.3 89.0 80.0 67.2 74.0 70.3 72.4 ! 65.1 87.2 73.7 79.3 85.4 75.1 79.9 61.5 76. 8 i 82. 5 65.2 58.8 72.1 44.3 88.8 73.3 96.7 || 82.1 71. 1 72.9 64.4 63.9 62.6 69.6 69.3 68.4 54.6 54.2 52.1 60.7 58.9 57.7 46. 9 46.7 44.1 34.4 33.2 31.7 60.5 60. 6 58.3 56.4 53.7 49.4 72.7 72.4 72.3 61.0 59.8 60.2 60. 4 62.7 65.0 68.9 69.5 70.8 71.2 66.7 65.7 65.7 65.7 67.2 69.0 72.2 73.4 74.8 75.4 50.2 48.4 49.4 50.0 53.7 56.2 61.8 60. 6 61.7 61.8 56.9 56.3 56.9 57.3 61.3 65.3 69.1 71.7 72.9 72.8 42.6 40.9 42.8 44.5 50.2 53.2 60.1 57.6 57.0 55.7 32.9 32.7 36.0 44.8 52.8 57.4 73.4 64.6 63.9 58.2 55.8 53.7 54. 6 56.1 59.4 61.2 65.5 64.8 64.9 64.2 49.5 50.2 50.5 50.3 52.3 52.4 50.8 51.0 51.5 51.0 70.2 70.7 69. 8 I 70. 7 69.0 | 70.8 ji 67.3 70.1 66.0 69.8 65.8 70.3 65. 3 70.2 66.5 71.4 68.9 74.7 72.2 79.5 74.1 81.3 76.1 82.7 77.2 83 9 71.6 71.3 71.2 71.4 73.2 73.7 73.2 73.1 72.7 72.7 73.7 77.6 66.5 70. 8 1 55. 5 69.6 I 55.4 70.0 59.6 64.1 66.4 48.8 50.5 54.0 40.8 51.7 75.5 61.4 60.0 77.4 59.6 51.0 75.5 70.6 69.9 86. 3 1 86. 7 77.6 76. 1 75. 6 67.8 79.8 71.7 75.4 66.6 94.8 84.9 96.6 82.5 83.0 70.3 1932 • 65.3 65.0 1933 ent stor Fairchild ! Sg Retail Groups (Departn Labor) 1 nufactur i ~c Economic cissies ' 85.0 80.4 79.4 67.4 55.5 62.0 SUEVEY OF CURKENT BUSINESS December 1933 Domestic Trade of goods into the hands of consumers MOVEMENT increased further during October, and the net gain in trade generally appears to have been about equal to the usual seasonal change. Trade in urban industrial regions seems to be less satisfactory than in the major agricultural areas. This is evidenced by the dollar value of retail sales of companies, whose business is largely with the rural population, and by such regional data as are available. Catalog sales of one leading mail-order company were reported to have been 70 percent greater in the week ended November 13 than in the corresponding period of the previous year, while sales of the company's big city department stores and of its other stores ran only 23 percent ahead of a year ago. Further evidence of tliis trend is given by the Federal Reserve Board's indexes of department-store sales by districts. Compared with October a year ago sales in three districts in the industrial East—the Boston, New York, and .'Philadelphia districts-- were each 2 percent lower, although sales in Southern and Mid-Western districts ranged from I to 1.1 percent higher. For the country as a whole, the Reserve Board's seasonally adjusted index of department-store sales was the same as in September although the unadjusted index increased 5.5 percent during October. Coinpared with October 1932, the dollar value of department-store sales was only slightly higher despite an increase of approximately 19 percent in prices during the 12 months. The seasonally adjusted index of department-store stocks, also on a dollar basis, which had advanced continuously from April to September, was unchanged in October. Sales of the two leading mail-order houses increased $10,331,000 from September to October, a gain of 24 percent, which is of much greater than seasonal proportions. Sales through a comparable group of variety stores were 4,8 percent larger than in September and were also 5.9 percent larger than a year ago. The gain, however, was below the normal seasonal expectation. Sales of food chains, although slightly larger than in the previous month, likewise showed a lessthan-seasonal gain. Distribution of food through this type of outlet was 1 percent larger than in October 1932, while retail food prices have advanced, on an average, about 7 percent. These figures suggest some reduction in per-capita consumption of food, although the distribution of food through relief agencies and possibly increased purchases through other channels may be offsetting factors of importance. Distribution of freight in less-than-carload lots remained at the same volume as in the preceding month but, when adjusted for normal seasonal changes, the index was 3 percent lower. The number of commercial failures and the amount of liabilities involved, while remaining at relatively low figures, were greater than in September. Advertising linage was further increased, and the volume carried in newspapers reached the highest total since Mav 1932. DOMESTIC TRADE STATISTICS Frciglit-car loadingts,rner- | Commercial failures ehand se l.c.l. Who!esalc tra de Retail trade j Chain-store siUes Mail j Storks ' c om Varietj -.tores ', order and j ,-• '| biiiecl 1 store I iiad- 4d| Uriad-i 4d- , index sales, tr i j just- j?ist- (in oom- just- just- ] houses ed ed |i ed j ed pime»i) i Advertising linage Department stores Year andjiioiif h Sales — •- — T l. nad- Adjust- justed i ed - Employment 1 112 94 75 i 73 ! 106 | 49 49 1 50 08 ! 07 04 49 59 73 77 ! 102 i: 87 l1 09 • 63 j. 00 f)0 (H) 57 07 07 08 70 77 70 1 i, 1. ! 1 ; ! 70 !; 101 89 | 1 07 i 09 ! 50 I 52 54 55 55 50 50 50 02 73 9J 81 I1 78 78 82 77 ; 80 84 85 84 | 80 L 05 61 : • 82 L 00 60 .... Corrected to average daily sales. " i " •--•i! 85 81 2 69 64 61 01. 7 58.6 57. 1 50. 0 57.4 57. 3 1 59. 1 ! 60. 8 62. 3 ! 66.0 65 64 63 65 08 67 70 09 70 70 69 2, 919 2, 378 66 62 1, 948 1,921 63 66 1, 909 07 1,648 70 ; 1, 421 69 i 1.472 68 1, 116 66 1,206 79, 101 65, 576 48, 500 51, 098 47, 972 35, 345 27, 481 42, 776 21,847 30, 582 1, 116 1,490 1, 630 1,729 1,732 1, 544 1, 272 1, 184 1, 407 1,870 52 47 50 60 62 61 49 54 62 70 84.6 67.8 59.6 i 88 73 67 2, 333 2, 728 1,794 60, 244 81, 050 45, 028 2, 429 1,777 1,497 80 64 57 : 87.i 53 ! 55 ! 57 i 04 ; 70 ! 70 i! 1, 607 1, 754 1, 641 75. 3 74.1 73. 1 73.3 74.0 75. 7 76.9 79.7 82.1 83.5 : ', oo r 52, 870 53, 621 64, 189 63. 9 63. 3 62. 6 135 13S 121 140 130 137 142 139 151 132 ! ' , 2, 273 2, 073 2, 469 77 o 100 103 110 129 120 125 123 129 137 141 75 09 68 69 77 8 776 80 70 145 127 12? 26, 958 20, 170 i 27, 554 j 35,305 37. 77<s , 38. 9SO I 33, 500 40, 327 43, 219 ! 53, 550 ! : 40. 185 30, 730 j 36, 348 ' Adjusted for seasonal variation. 78.4 76.8 MilThou- Thousands sands lions of of dolls. of lines lines 72 70 64 15, 423 58 57 > x •*• ^ '^ ii >- 98 88 41,281 •>1,556 ; Monthly aver- ' 3,021 2,480 92.9 79.9 ; : Liabil- Maga- Newszine paper ities 56, 297 70, 660 94 2 85 2 1 H 129 117 Failures 2, 124 2, 362 OS, 878 j 52, 280 I 142 HO 220 Unad- Adjust- justed ed 93 83 152 152 , 82 SO 79 54 !; M o n t M v averige, 1929= 100 109 109 01 01 (>() ; i j riiui.' U L vi'ue M o n t M v u e i simh ige W2\ 2~t = Monti i\ average. 1923-25:-- 100 j , mo 1°2M i of dolls ,' i l ^ U H ) 100 1930: October. 1931: October. _.. 1932: October.. November _ December.. 1933: January February March April May__ June July August. _ . - . September October Monthly average, January through October: 1931 1932 1933 Pay rolls 3 End of month figures. SURVEY OF CURRENT BUSINESS December 1933 Employment HE number of persons at work in the middle of T October showed little change as compared with the preceding month. Available data on pay rolls indicate u further slight gain in workers' income in this same period. Factory employment in October remained close to the September level. The usual seasonal movement is slightly downward, and after adjustment for this factor, the Federal Reserve Board's index declined b}^ only one half of 1 percent. Of the 13 major group indexes, 6 were higher in October after adjustment for seasonal variation, the largest relative gain being in the chemical group. Aggregate factory wage payments were about the same as in September. Both factory employment and factory pay rolls in October were considerably higher than a year ago. The increase in the number of factory workers over the year's interval was about one fifth, while the payroll increase was about one third. The gain in October pay rolls over the same month of 1932 was sufficient to bring aggregate payments for the year to date to seven tenths of 1 percent above the total for the same period of 1932. The average number of workers employed in factories in the first 10 months of the year was 4.3 percent above the average for the corresponding months of last year. Increases in the individual manufacturing industries were not as wide-spread as in September when 73 of 89 reporting industries showed higher employment totals than in August. In October, 56 of the manufacturing industries reported a larger number of employees. Pay-roll increases were reported by 64 industries. Five of the 56 industries reporting improvement in employment showed gains of over 10 percent and 20 showed gains of at least 5 percent. Employment gains were reported for 11 of the 16 industries included in the nonmanufacturing group by the Bureau of Labor Statistics. The widest drop, amounting to 28 percent, was in the canning and preserving industry and was of a seasonal character. The bituminous-coal industry was the only other reporting a drop of significant proportions, and labor disturbances were an important contributing factor in this instance. Average weekly earnings of factory workers were about the same in October as in September, according to the statistics of the National Industrial Conference Board. Average hourly earnings increased slightly, and the average hours worked per week per wage earner continued to decline. Although average hours worked per week in October showed a drop as compared with June of 12 percent, there was an increase in average weekly earnings of 5 percent in this same period as a result of the increase in hourly rates of pay. Weekly earnings in October were 15 percent higher than in October 1932 despite the fact that the hours worked were only slightly changed from a year ago. STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES 1 Factory employment i and pay rolls, F.R.B. | Pay rolls K in ploy ii ic lit Wages Non manufacturing employment and pay rolls Anthracite mining Bituminous coal mining Power, light, and water Telephone and telegraph Employment Employment Employment Hetail trade Year and month Unad- EmUnad- Adployjusted justed' justed ment Pay rolls Monthly average. 1923-25=100 1930: October 1931: October 1932: October November December 1933: January February... March . _ . April May June._ July August - _September October Monthly average, January through October: 1931 1932 ._ 1933 ! Pay rolls Pay rolls Pay rolls Employment Pay rolls TradeFactory 2 union members emComployed Aver- Aver- mon age age weekly hourly labor earn- earnings ings Percent of total members Monthly average, 1929=100 Dollars Cents per hour 84. 3 71.4 82.2 j 70.3 80.8 59. 4 99.0 86.8 117.2 91. 1 91.8 81.3 79.4 56.2 104.8 92.7 105. 6 93. 2 94.5 84.1 100. 9 91.6 95.5 89. 8 95. 1 84.6 79 74 24.80 21.21 0. 587 .560 39 35 62.0 00. 9 59. 6 61.1 61.2 60. 6 43.5 41.8 40.9 63.9 62.7 62.3 66.7 51.0 56.2 67.0 69.4 70. 0 37.8 38.0 37.7 79. 9 79.1 78.4 74.4 73.2 73.2 76.2 75.5 74.8 75. 7 74.3 73.5 81.3 81.7 95.2 67.1 66.9 73.6 69 68 66 16.86 16.84 16.37 .474 .468 .467 32 32 32 58.1 59.2 56.7 57.8 60.0 64.1 68.9 73.4 76.6 75.8 59.4 59.4 56.6 57.7 60.6 64.8 70. 1 73. 3 74.3 73.9 39.2 40.0 36.9 38.6 42.0 46.2 49.9 55.7 57.6 57.4 52.5 58.7 54.6 51.6 43.2 39.5 43.8 47.7 56.8 56.9 43.2 56.8 48.8 37.4 30.0 34.3 38.2 46.6 60.7 61.6 69.8 69.3 67.6 63.7 61. 2 61.3 63.2 68.6 71.8 68.0 36.1 37.2 30.7 26.6 26.9 29.2 33.6 43.3 44.1 44.1 77.7 77.4 76.9 76.9 76.9 77. 3 77.5 78.1 80.3 82.3 73.0 71.6 71.9 69.4 69.9 69.9 70.0 70. 9 71.8 76.2 74.6 73.9 73.2 72.3 70.1 69.2 68.5 68.1 68. 3 68.7 71.7 71.9 71.6 67. 8 68.5 66.6 66.7 66. 1 64.6 67.0 76.9 73.4 71.4 78.6 77.0 78. 3 74.6 78. 1 86.0 89.6 62.7 58.4 55.1 60.4 59.5 60.5 58.1 62. 7 69.2 72.3 65 66 66 67 67 69 69 69 71 73 16.21 16.13 14. 56 15. 39 16.71 18.49 19. 15 19. 25 19.46 19.46 .468 .464 .460 .460 .453 .452 . 455 .497 .531 .540 32 32 32 33 33 33 34 35 37 37 68.0 46.1 46.4 80.3 62.5 50.5 74.7 53.7 45.8 83.6 66.9 66.5 58.3 35.2 35.2 96.6 83.9 78.1 97.6 81.1 71.5 87.2 79.9 70.7 94.2 82.6 68.3 87.6 79.4 78.4 85.9 69.3 61.9 74 68 68 23.02 17.20 17. 48 . 569 .503 .478 36 33 34 75.6 62.4 65.1 1 Adjusted for seasonal variation. 2 National Industrial Conference Board. 8 SUEVEY OF CURRENT BUSINESS December 1933 Finance—Credit and Banking and banking conditions during October CREDIT and the first half of November were featured by The new bonds were offered in exchange at par for Fourth Liberties whether called or uncalled, and were (1) reduction in rediscount rates by five Federal issued for cash at 101 % to the amount of approximately Reserve banks, (2) the inauguration, by the Recon- $500,000,000. struction Finance Corporation, of a policy providing Federal Reserve bank credit outstanding was only for the purchase of newly mined domestic gold, and, slightly influenced by member-bank borrowing and when considered necessary, for the purchase of gold bill holdings. With the exception of a slight increase in foreign markets, and (3) a further depreciation of in member-bank rediscounts early in November, there the dollar in terms of gold currencies. was a steady decline during the whole period in the As a result of the continuation during October of reserve-bank holdings of bills rediscounted. substantial purchases of Government securities by the During October, member-bank loans on securities Federal Reserve banks, member-bank funds increased showed a substantial decline and the trend was arrested and excess reserves reached the unprecedented total only temporarily in the first half of November. Soof more than $850,000,000 by the end of October. called "all other 77 loans moved steadily upward until Since the beginning of November, weekly additions to near the end of October, after which the weekly movereserve bank Government security holdings have ment became somewhat irregular. Reported membersteadily dwindled to an almost negligible amount. bank investments also moved somewhat erratically Although Government security purchases during the during the wbole period. whole period were centered largely in New York, Money in circulation showed a slight seasonal inexpenditures by Federal agencies and the marketing crease during October. A decrease of $36,000,000 in of fall crops resulted in a general dissemination of funds Federal Reserve notes and an increase of $33,000,000 in throughout the country. This increased dissemination Federal Reserve bank notes featured the changes durof funds, together with the prohibition of interest pay- ing the month in the various kinds of money. During ments on call deposits, has resulted in excess reserves the first half of November circulation increased, but being widely held and banks are prepared to supply receded somewhat during the third week of the the need for commercial funds as it arises. month. An outstanding feature of the month was the calling Gold exports during October were confined largely by the United States Treasury of approximately one to shipments of gold previously earmarked. Balances third of the Fourth Liberty Loan 4-}{ percent bonds. of postal-savings depositors showed a slight increase The Treasury offered a new issue of 10-12-year bonds, for the third successive month. The month's increase bearing interest at the rate of 4% percent from October in bank debits outside of New York City was in conso15, 1933, to October 15,1934, and 3}£ percent thereafter. nance with the normal seasonal trend. CREDIT AND BANKING STATISTICS Bank debits outside New York City Year and month Net gold Total bankimDePostal er's ac- ports Savings, inceptMoney posits, New balMem- ances cluding in York ance to ber outgold circu- State United Total credit bank Bills standrelation Bills bought States deposits reserve savings of deing, leased disbanks positors the Governacend of from count- in ment open count month ear- 2 ed market securimark ties Reserve banks, end of Reporting member Condition of Federal month banks, Wednesday closest to end of month ! Reserve bank credit outstanding Loans AH on other loans securities In- vestments Total Thousands of dollars Millions of dollars 1930: October 1931: October 1932: October November December 1933: January February March. April May June July August September October _- 23, 679 998 18, 125 2,184 207 728 163 681 602 727 2,465 2,380 2,418 2,167 1,508 1,040 20.3 -445. 3 4,501 5,478 4,658 5,217 192, 543 536, 660 12, 354 10, 935 12, 820 3,786 3,764 3,789 5, 217 5,218 5,082 7,974 7,988 7, 910 2, 227 2,202 2,145 328 309 235 34 35 33 1,851 1, 851 1,855 2,446 2,484 2,561 2,383 2,411 2,509 699 720 710 66.4 70.3 171.9 5,643 5,643 5, 699 5,271 5,265 5,314 870, 823 884, 297 900, 796 12, 053 10, 401 9,608 10, 612 11, 509 12, 969 13, 878 12, 375 12,215 13, 027 3,751 3,727 3,644 3, 698 3,713 3,748 3,772 3,766 3,687 3,604 5, 031 4, 554 4,688 4,706 4,772 4,704 4,774 4,767 4,853 4,989 7,974 7,619 7,669 7,884 7,941 8,213 8,011 8,074 7,989 8,156 2,077 2,794 2,572 2,459 2,218 2, 220 2,209 2,297 2,421 2,549 274 582 426 435 302 164 167 153 128 116 31 336 305 171 20 48 9 7 7 1 1,763 1,866 1,838 1,837 1,890 1,998 2,028 2,129 2,277 2,421 2,554 2,236 2,133 2,380 2,394 2,494 2,544 2,675 2,748 2,885 2,446 2,141 1,949 2,132 2,167 2,292 2,294 2,409 2,438 2,685 707 704 671 697 669 687 738 694 715 737 37.0 -169.4 -113.3 23.7 1.0 .3 .6 -.9 -7.4 -5.5 5, 631 5,892 6,998 6,137 5,876 5,742 5, 675 5,616 5,632 5,656 5,317 5, 269 5,220 5,164 5,113 5,130 5, 085 5,059 5,079 5,049 942, 519 1, 006, 185 1,112,715 1, 158, 416 1, 178, 788 1, 185, 105 1, 176, 669 1, 177, 626 1,180,573 1, 189, 581 1 90 cities. 2 Net exports indicated by (—). SURVEY OF CURRENT BUSINESS December 1933 Finance—Security and Money Markets prices moved irregularly during October and STOCK the first three weeks of November. After some show of strength in the first week of October, prices declined and the Standard Statistics index of 421 stocks on the 19th dropped to the lowest point since the end of May. Subsequently, the broad movement of prices tended to reflect the upward trend in the price of gold, and on November 22, this index was 11 percent above the October low. In conformity with the weekly trend of stock prices brokers' loans moved irregularly lower during October. This class of loans reported by the New York member banks showed a sharp drop late in October which was followed early in November by a slight rise only to be succeeded in turn by further recessions. During October the price "averages" of individual groups of bonds reflected a somewhat mixed condition. United States Government issues advanced after the announcement of the redemption call for part of the Fourth Liberty loan, but subsequently receded with the result that quotations at the end of the month were slightly below those at the end of September. Foreign issues moved irregularly and on the whole showed little change. In the case of domestic corporate issues the trend was, in general, upward during the first half of the month, and downward during the second half, although some high-grade issues held firm throughout. During the first 3 weeks of November the bond market was featured by general weakness which extended to the highest grade issues. During the first 3 weeks of October the price of gold fell 7.8 percent. On October 22, a Government gold-buying policy was announced and by the end of the month the price of gold had advanced 11 percent. Subsequently, the price advanced further to $33.56 on November 15, 16 percent above the price on October 21. At the later date the dollar was selling on the exchange market at a discount of about 40 percent. Except for a slight increase in the yields on shortterm Government securities there were no important changes in open-market money rates during October. An active demand by banks for prime commercial paper lead to a slight reduction, later recovered, in average rates on prime paper by leading New York banks. The tendency toward easier money was reflected in the New York Federal Reserve bank's rediscount rate reduction from 2% to 2 percent, and in the simultaneous rate reductions from 3 to 214 percent by the Cleveland and Chicago Reserve banks, followed early in November by similar action by the Boston and San Francisco Reserve institutions. New long-term financing during the period under review was limited largely to State and municipal issues, the principal one of which was the offering in October of $29,500,000 long-term bonds of the State of New York. During the first half of November new capital issues were virtually negligible. A number of favorable dividend announcements have been made as a result of the improved trend of earnings in the second and third quarters. Nevertheless, the average rate per share for 600 companies was unchanged in October. This figure has been stable for the past 6 months. SECURITY AND MONEY MARKET STATISTICS Stocks Bonds Dividend and ! interest paymerit's - jI I Capital issues ' Year and month 1930: October 1931: October. 1932: October November December 1933: January February March April May June July August _ _ September October Yield Prices Yields Prices (aver- Sales on (do(GO mesage report- comisweek- ed mon tic sues) bonds) stocks ly) Thou1926 = sands of 100 shares Percent 127.6 69.7 65,497 47,895 5.05 7.28 97.57 86.13 4.41 5.12 49.9 47. 5 47.4 29, 188 23, 038 23, 208 5.73 5. 84 5.68 82.04 81. 36 81.65 49. 1 18, 720 44.9 19, 320 43.2 20, 089 47.5 52, 901 62.9 104, 229 74.9 125, 627 80.4 120, 300 75.1 42, 466 74.8 43, 319 69. 5 39, 379 5.42 6. 10 6.30 5.58 3.99 3.27 3.02 3.25 3.37 3.59 83.32 79.09 78.58 80.07 84.73 86. 84 88.03 87.91 85.82 84.70 222r)0—-.'J3—2 1 Total LongNewterm capital realissues estate bonds PerDollars cent Total ! . Averacre dividend per Interest share pay(fiOO ments companies) Thousands of dollars i Open-market money rates, New York Brokers' loans ReCall ported Ramon- Time Comby the tio ey-re- loans merNew to cial newal (range) York marpaper (averStock ket (range) age) Exvalue change' Millions of dollars Percent Dollars 3 444, 926 45, 932 377, 313 44, 988 6. 635 9, 125 777, 329 740. 457 443, 329 458, 757 2.78 2. 10 2.00 2. 10 5.50 5. 68 5.75 124, 062 76, 400 157,920 100, 020 44,801 122, 713 0 220 200 657, 254 438, 032 546, 439 454, 354 307, 532 426, 239 1.24 1.22 1.21 1.35 1.00 1.00 5.59 5.73 6.25 6.38 5.78 5.37 5. 15 5. 12 5.28 5. 39 109, 963 56, 513 19, 094 45, 388 59, 643 222, 644 161, 990 52, 901 94, 176 59, 363 64, 610 19, 636 16, 265 24, 928 43, 802 110,148 117,083 45, 600 63, 814 58, 702 0 900 0 0 0 0 0 0 0 0 863, 492 387, 200 430, 351 561, 279 428, 449 571, 529 763, 219 349, 620 391, 589 645, 305 592, 892 241, 800 290, 351 424, 429 274, 565 437, 179 557,319 247, 820 300, 889 465, 055 1.20 1. 16 1. 11 1.09 1.06 1.05 1.05 1.05 1.06 1.06 1.00 V"? \/ \\/ \\/-\\ ;, 1.00 3.32 214-3V4 1 1/2-4 V9 1.37 1 -1V2 2 -314 1.00 1 -1/4 2 -2jJ| %/—\ 1.00 11-3-2 ! Z/-\\/^ 1.00 m .98 l-l ^A \/ %/ \\/-\\/' .75 5 3 .75 /8- /4 Wednesday closest to end of month. 2 2M-2M 2>x2-4 y2-\lA End of month. I/,; 2 \ 3/_2^ \\i-\m 1 1 \&— 1 ^ VA Percent Made by reporting member banks N.Y.C.2 Millions of dollars 2, 556 796 4. 65 • 2. 33 325 338 347 1. 39 1.52 1.52 362 353 394 359 360 311 322 1.56 1.83 1. 56 1.20 1.63 2.15 2.80 2.50 2.74 2.58 454 418 529 780 916 917 897 776 2, 512 869 512 635 764 876 881 806 749 10 SURVEY OF CURRENT BUSINESS December 1933 Foreign Trade NITED States foreign trade expanded in both U volume and value during October. Exports increased sharply and were valued at $194,000,000 increase in the volume of outgoing shipments. The volume of incoming shipments was but slightly changed. As a result of the marked expansion in exports during compared with $160,000,000 in September. The the past 2 months and the leveling off in imports increase in imports, which amounted to $4,000,000, after the rapid rise from May through August, the brought the value of this trade to $151.000,000 in balance of merchandise trade has changed from a net October. The increase in export trade was somewhat import surplus of $23,500,000 in August to a net export larger than seasonal, while the increase in imports surplus of $43,000,000 in October. This compares was less than seasonal. Normally the export value with an excess of merchandise exports of $48,000,000 in increases 16 percent from September to October, while October 1932 and $36,000,000 in October 1931. this year the gain amounted to 21 percent. Imports Export commodities showing marked increases in gained 3 percent, although the advance at this period quantity, as well as value, during October included not of the year ordinarily amounts to 7 percent. only those groups which normally record seasonal gains, Adjusted for normal seasonal variation the index but all leading classes. Seasonal increases were reported of export values showed about the same rate of advance for unmanufactured cotton, leaf tobacco, fresh apples as in September. This index at 42 percent of the 1923 and pears, and dried fruits. Other increases occurred in 25 average was one tenth higher than in August. The rubber manufactures, lumber, advanced manufactures export index for October was, however, slightly lower of wood, refined mineral oils, iron and steel manufacthan July—a situation resulting from the unusually tures, copper, electrical apparatus,industrial machinery, large increases at mid-year. In the same period the office appliances, printing machinery, and automobiles. seasonally adjusted import index declined from 50 to Among the import commodities, the quantity of 46 percent of the 1923-25 average. coffee, tea, flaxseed, unmanufactured cotton, cotton Export sales were 26 percent above October 1932 cloth, burlaps, wood pulp, tin, and sodium nitrate was and the largest total for airy month since October 1931. larger than in September, and dates, figs, and currants Import values were 43 percent larger than October 1932 showed the usual marked seasonal expansion. Imbut 3 percent less than in August of this year. Price ports of hides and skins, leather, cocoa, sugar, unadvances have contributed to the increasing values of manufactured tobacco, raw silk, and copper registered both export and import trade. The increase in the declines in both quantity and value, while crude rubunit value of exports in October amounted to 3 per- ber and unmanufactured wool showed decreases in cent, and the dollar advance therefore represents some quantity, but slight increases in value. EXPORTS AND IMPORTS i Indexes Year and month • i '.' > ; Ex1, ports, inTotal Total eludeximing ports, ports, reexadadj ports justed 1 i ' j Total Crude mate- ' Foodstuffs rials J -i i Fruits Raw j and Total cot- j Total prep- 1 ton ara- j ', ! tions ! 1 ,i | ri , • ij Monthlv aver- j' age, 1923-25 =100 1| 1930: October 1931: October 1932: October November ..„.. December,.1933: January . February. - . . _ - _ _ March \pril May June Julv August September. .. October Cumulative, January through October: 1931 1932 1933 71 44 „51 33 32 33 32 ! 153.1 !| 151.0 31 1 29 28 32 36 43 38 40 42 29 t i 322.7 201. 4 ' 138.8 131.6 i 136. 1 i 129.0 29 ! 120.6 i - IKS. 6 26 ' 26 ! 101. 1 lOa.0 i 32 10 48 114.2 119.8 32 1 30 ! •>."> i HI.-> y 50 131.5 48 [ 160.1 46 193.9 i 9(-. 1 i 106.3 103 1 111.9 1 1 7. 5 141 7 129. 3 i 1 57. 5 191 7 104 , I H3 6 , 64.8! 39. 8 ' 40 0 ! 38.5 ! 39.0 42 3 U. 8 29. 4 28 6 35. 0 40 '' 9<) ~ ! 6. L> , 20.6 18.1 10 9 ' 26.1 2(t. S i 36 s 2S. 2 4x3 54.3 12. s 13.4 23.5 | !i 1 12 0 63.6 82 5 ! 255 25.2 i 19.9 16.0 1 | 1 1 :\ 13.1) 1 3. t 15. 4 , FinAuto- ; Crude Food- j Semimoman- ished Total mamanMa- biles, ufacterials stiilfs ufac- ufactures ; Total I chin- parts, tures tures an d ery : i acees- ;. | sories ; ! 16.9 | 18.7 i nf <~\ > i 3s. 0 21.2 H2.7' 77.3 i 30 7 20. 1 14.6 , *6 12. 2 i! 7.9 i 1. ^ • 16.9 14.6 1 5. 7 4s. 1 46. 6 ' 45.0 ' 11.6 JO. 2 9. 7 5 0 4.4 ! 5. 1 44.3 41.5 9 2 <\ 5 «.,' 4 1 5. s 112 1 ,'J. 5 2 9 ; ifi 3 3.8 17.6 , is. 2 2 9 43 5. 6 6. S ' 11.0 i 21. 1 | 20 5 21.3 24.fi 47. 11 47 9 46.2 , 15. 7 ! 53. ' 50. 0 53. 9 <s ^ '). 1 9.3 10. 1 10.9 11.7 13. 5 61.1 : 2 56 1 2, 046. 7 2 35 '1.340 6 237 1,299.0 1 2, 006. 8 1,310 8 1,277.0 430. 3 406 1 447.0 ! '?34 7 267 7 1 305.3 i Adjusted for .seasonal variation. 312.3 j 205 7 i 154.6 ! 90. 0 i 276. 2 63 9 i 166 4 i 49.6 1 | I man- 1 7. 1 ' 16.2 ! 4. 6 3. 8 • >. ° ij ! Semi- 1 j 60.5 || 55. 3 52. 2 i 236 235 47. 2 i] 39.3 General imports Finished mamifactures '! , M . I ! : . ,,o 326.9 201 9 | Exports of United States merch«iodise | 184.4 | 988.0 283. 6 5326 | 111.7 491.0 I 100. 5 2 217.4 i 168.7 ! 56. 0 45. 6 52. 4 , 36. S - 29. 0 50. 5 105 5 104.5 97. 1 27. 2 27. 8 LN 7 33. 5 32. 0 28. 2 16 7 16. 6 16.7 2s. 1 96. 0 S3. 8 27. 2 21.1 23. 6 21. 1 24. 9 34. 3 16.4 >0. 7 33. 6 16.2 13.6 14.8 32. 8 40. 0 36. 9 38. 8 35. 4 Ml. 2 27.8 31.0 35. 2 33.5 6 5 t>. 3 t .9 7. 4 7 4 7.0 i 7. 5 s. ] s. 3 8.6 V>4. 9 88. 4 inn. 9 122.3 1 43. 0 155.0 1 10. 7 150.9 i i | 134.5 11.787.4 j 66. 8 1. 121. 2 ! 74.0 ll,187.9 | Monthly average. 50 7 48.3 46.9 544. 5 301. 8 344. 5 M). 0 13. r 34.8 33.2 457. 6 346. 8 344.2 319.3 j 183. 6 237. 1 6.Y :l 28. i 23. i 21.'.* 19.1 22. 9 20 ';» 23. ?' > 23 3 26, >• 33. 7 36. 0 466.li 28'.'. 1 261. s 11 SURVEY OF CURRENT BUSINESS December 1933 Real Estate and Construction were slightly less than a .year ago. Nonresidential construction, exclusive of public works and public contracts awarded in October to the highest level, with utilities, registered a decline in October of 18 percent one exception, since November 1931. The value of from the preceding month. Public-utility contract contracts awarded, amounting to $145,000,000, was 21 awards increased over September, but such recent percent above the preceding month and more than one construction work lias involved a relatively small third higher than a year ago. Although the rate of expenditure in the aggregate. Federal-aid highway projects under construction are activity in the industry continues low in comparison with other post-war years, the October figure repre- rapidly Rearing completion. The total under consents a gain of 150 percent over the low of last spring. struction, as shown below, represents works not yet Contracts awarded in the first half of November were approved and paid for, although the work on the about the same, on a daily average basis, as in October, projects is nearly finished. New projects involving and the increase over a year ago was maintained in this work on the Federal-aid system and on certain other highways now under way, for which funds were properiod. According to the statistics of the F. W. Dodge Cor- vided by the National Industrial Recovery Act, inporation, the Pittsburgh territory reported the largest volve 5,910 miles of highways, valued at $92,215,000. value of awards in October, about two thirds of which According to figures covering 1,071 cities throughout was for public works and utility projects. Next in the United States, compiled by the Federal Home Loan value were the contracts awarded in the Middle Bank Board, the number of foreclosures in October Atlantic States, excluding New York and the New remained substantially at the September level and York City territory. represented a decline of 19 percent as compared with The value of public-works contracts was $85,700,000, the peak reported in June. While the number rean increase of 50 percent over the previous month. ported for the last 4 months was smaller than in, the Although such contracts have expanded rapidly in the similar months of 1932, the total for the year thus far last 3 months, their aggregate value for the year thus is slightly higher than that for the same period of 1932. far remains 31 percent below the total reported in the On November 1 the Engineering News-Record's incorresponding period of 1932. Awards for residential dex of construction costs had advanced 12 percent building have remained steady at a figure of about above a year ago, and was at the approximate level $22,000,000 each month since July. In October they prevailing in the spring of 1.931. URTHER expansion in publicly financed conFstruction brought the total value of construction BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE , i I i Year and month i || i I AH types of i construction i Montnh \ Iaveiago, M ) > -> NuiM , . , | Aid,, , sji bei. _.of ,lions 01, i' lions . . .of. ,lions 01, h! 1 S( IU1U \ V dollars 1 dollars = ' i . . 1931 Octohei 19 ?2 < > c t o id \ovtnibei iHHtmbn 1933 Janiiaiv Febnniv Maidi Vpiil Mi> June Iul\ - . - - - - ^U)teml)pr . _ . _ . . . October— Monthly a\u IL.C, Janmr} t h i o i u h Oetobei 1931 1932 1933 12, 15S j 337 l| 22 3 "5 8,701 212 i 152 J01 7 « 00 5 Millions T n .. ot uoii.u^. «»K 45.8 i 1 67. 1 42.6 ! ! _ < 8.3 j i. 1 i 6.5 ! ! 50.2 ! 25 7 19 50.1 - 2 9 530 30. 9 ! is 9s^ 22 19 L4 , 11 10 18 21 5,800 3,^4 h ,>05 t,2^ 9,409 9, is() s 2 }9 SJSf, 7, 3% s,3 53 f.O . ~~ 77 103 , N3 106 i 120 3 2 51 IS 58 s 4 83 74 •> 1 03 12 11 lh 19 26 27 '1 21 21 8.0 4.7 2.5 2.4 5.0 5.0 41 19.4 3.4 34.7 ' : 1 '2. 5 || 15. 1 i! 11.2 '< !3. 4 • ! JO. 4 i 14 8 ! i 32.0 ;l 57.3 i ! f>6 <> 7 »1 ->SH ! 17 1 7', (! ' I 28 6 ()(56 117 J ! () 5 7' 132 89 lj 61 145 <J.9 i ' 21 ;; 21.5 ! !| |j i i i!; 2,05! 1,»K)2 1,59) ii 17,971 1,190 10 "do 1 51* ] ( • 1,9 1.240 10, I ) , 2 0(» 16 i°7 2,71 20 527 ' ! 38 *> > 8 34 4 57 2" OX(> 3,38 25 i( 7 2 f>2 85.7 i! 2>.0^4 H ii 'i.2J« >7 ri !! 70 7 I 1 X 1 'AS 'M 8 !| 0 5 H 49 8 ' ! 20 6 2 11 9 !' 7.0 • ! !l !j l 1 Based on 3-month moving average and adjusted for seasonal variation. 20, (>t9 IS, 203 » W> 2 705 ' l1 21 9 : 19 2 M 13 0 i < l| |i Month MJO 6 0 55 j } j 4tT*fl " ii 40.4 j I; ii j| ; : i! h Construc- Longtion term costs, real Eng. estate News- bonds Rec- issued , 1 ji r, , .t nds of i '[ hou!,!:s;irKis , 01,' pet. , ; , KMI I 1 ' v n d ^ o f '1 housands of Pn;»m<^ i n e i M'H b ID els 107 , 105 xl 1 0 8 0 1 5 8 6 9 5 • ! 6. J83 5, 200 4,205 ( 1 1; « 29 27 2s 30 35 ' 7.47« -_ fio« ; Explo-; | sives, ! ; | Pllh new i « , , Oak ! •; "" ! orders fl*ff" IS w"I' S™~ kw orKJl> 1 7s ! : i i i i PubResidential i! lie building ! utiliii unji i Highways der con struc'! r^ tioi i TVa < i ' Federal tional i (V _ || Aid IndusHigh- trial Re4ct cover > hing material ipmeiits !j F.R.B. ; index lusted ! | i ;»/ 5 <M — i i AH 1930 October j Construction contracts awarded 1 15, 99 | 288, li 5 29 > S(>9 12, 300 i 10,657 s 743 i 255 5' 5 "MIS i 7S2 250 724 4 327 ' 2 M > ) 2 "0,97s i 9 4 133 2 502 52 372 1 278 200, 185 0 074 5 10 7 o73 265 f>78 9 479 269, 1S9 4/»49 h 70M H "19 21)0 750 7 979 17 7 > > >42, 107 s ( 97 15 f 7h •>22 4 r ) 191 (Ml "»' 994 12,795 9 503 1 s 443 i 3i 91)2 ' 517 S 024 6, 750 i 121 209 92.215 ! ; S 2 264 i 23 020 11 386 29 0 \' l>0 279 ' 2 683 i 10 449 11 517 317 164 i °95 565 5 589 ' 2'M 491 2 First of month. Nov. 1 index 190.1. 1 , Thous mds o dollars 19S7 !(9 8 6, 03 9. 125 1>9 2 lrS 2 1 >^ 5 0 220 200 1 0 900 ) t * ) 1 j )M 3 1rs 4 HO 2 I SI , A 1 1 it. 1 If 5 5 i lt/7 0 I h55 187.7 1, i \ \ 181 " ! : j - (•. 7 ' 161) 0 ' 1: ' ' 1 ) i 0 K! 9 0 8 ' 79.-, 'XI 12 SURVEY OF CURRENT BUSINESS December 1933 Transportation R same month of 1932. The complete statistics covering the month of September show net operating income for class I railroads approximately equal to the August figure, despite a reduction of 1.6 percent in gross revenues. For the first three quarters of 1933, net operating income increased by 71 percent as compared with the like period of 1932, and was equivalent to a rate of return on the property investment of the roads of 1.78 percent. For the same period of 1932 the rate of return was 1.03 percent. The increase in freight traffic in September, measured on a ton-mile basis, was twice as great relatively in the eastern district as in the other two major districts. Traffic in the eastern district was up 21 percent compared with a gain for the elapsed 9 months of 1933 over a year ago of 8.7 percent. The corresponding percentages for the southern district were 9.2percent and 7.9 percent, respectively, and for the western district 9.8 percent and 3.7 percent, respectively. The increase over a year ago in ton-miles for all districts was 15 percent in September and for the first three quarters of the year 6.8 percent. Movement of freight on the principal inland waterways declined during October. The drop in the Pittsburgh area was caused by the loss of coal tonnage, while the movement through the " Soo " resulted from the drop in iron ore and coal handled after the exceptionally heavy tonnage of the former carried in September. AILWAY freight traffic declined during November in accordance with the usual seasonal trend. Daily average loadings were unchanged in October, and in the absence of the usual seasonal rise of about 3 percent for the month the adjusted index declined for the third successive month. Carloadings have continued in excess of a year ago, the increase in October amounting to about 2 percent, or the same percentage gain as for the year to date over 1932. The decline in coal loadings in a month, when a sharp rise usually occurs, was an important factor contributing to the drop in the daily average carloadings in October. Nevertheless, loadings in 4 of the other 7 groups declined. Only the miscellaneous group was higher after adjustment for seasonal factors. L.c.l. loadings were unchanged, and the adjusted indexdeclined to the lowest point since May. This is the only class of freight which is currently moving in smaller volume than in 1932. Although daily average loadings were smaller than in September, total loadings were higher due to the larger number of working days. This increase would normally be reflected in a gain in freight revenues, but the returns last month reflect the termination on September 30, of the emergency rate surcharges on certain commodities. The first 59 roads to report showed a decline in gross revenues of 1.4 percent and in net operating income of 11 percent, compared with the RAIL AND WATER TRAFFIC ! \ Freight-car loadings ! ;: F.R.B. index .^1 Year and month ? •*, 'C •* Z 11 -a *3 c j ' '^ jj; i i 5» """ ; ,!! i| i c ! | ! If ; 4- 41 e ! . •f. ••• Z •;"j i *e J! 1' 5T ; c | £ *" i C ' 1C 1930: October 1931: October 1932: October November _.. December. 1933: January • February March _. April May June.. . July August September October Monthly average, January through October: 1931 1932 1933 1 Daily average basis. 4.9 4.8 5.6 18.8 16.0 13. 2 33.5 27. 8 26.5 23.7 19.0 16.6 178.5 166.5 155.4 6.5 3.0 1.8 477. 6 489. 5 460. 3 500.9 532.0 566. 3 621. 8 625.7 640.9 651. 4 107. 1 123. 1 91.4 79.5 79. 6 90.5 112. 1 123. 5 125.0 125. 0 5.2 6.2 4.5 3.4 3.8 4.9 6.6 6.7 7.0 6.7 13.7 13.7 14.6 17.2 20.8 25. 1 26.8 27.2 24.7 24.4 26. 6 25. 3 26.0 35. 5 37.0 36. 7 44.9 29.6 31.2 29.8 17.2 15. 4 13.0 16.5 16. 6 15.5 15 0 16. 6 20.3 153. 4 154.6 156. 1 160. 5 165. 3 163. 6 166. 4 170.0 168. 4 1.8 1.8 2.0 3.2 7 7 11. 1 738. 5 546.7 558.8 126.3 98.2 105.7 6.4 4. 1 5.5 30.2 17.9 21.0 40.6 32.8 32.6 22.2 18.4 17.0 For seasonal variation. 3 American vessels, both directions. i i 1 M . .5 * ? J I, -* 2 £ 2 £ TE 1 172.6 215. 1 177. 5 163.2 4 34.2 36.8 27.8 ; "* | ft : rt ,— * i r x ?r ^ "2w i1 ^5*"g ^ 4 * 5TSP *—' «S "* 3 "* !t£S 2 -S2 e « i ^ ranal tr^ffif t-anaiTiamc ! ! _, e.T ; .£•£ "- 36.91369.9 18.6 i 280.8 136.6 122.8 125.2 76 57 57 s g C Thousands 240. 4 215.4 23.2 a Financial statistics \ J "S ! 4 32.8 29.4 56 54 50 53 56 60 65 61 60 !i C i « ^ f e < 41. 1 38. 7 57 634. 1 57 1 548.8 58 497.4 i * 38.8 24. 2 65 58 52 i o i a/ 8.9 5.5 945.0 I 176.2 758.9 146.3 ! 86 69 /i 57 58 2 Thousands of cars 97 78 51 51 48 51 56 60 66 65 68 66 i. > * 1 i w oc « ' i! s§ "T w, Monthly averatre, 1923-25= 100 i i 'f Z a Thousands of dollars 4) i „-, SB 1 as • i ^t 5 r*^ 1i "2c * 7*i cs oc ! ! .« SK Thousands of short tons ^ ? •* ^ Thous. of long tons 403 535 6.016 112,386 4, 499 64, 202 44.100 36, 000 9.094 6, 248 608 505 1,133 930 231.6 189. 0 153. 1 545 622 647 1, 158 1,078 1,248 63, 839 34,179 32, 857 17, 700 7, 100 5. 900 3,924 2,877 215 554 588 0 723 682 587 152.6 149. 4 152. 7 185.2 201.2 ! 219.0 227.8 217.9 227. 6 242. 0 692 1.158 650 952 681 i 872 619 974 553 i 951 454 1.201 393 1 224 398 1,351 380 1, 392 385 13,266 9, 855 10. 548 19,041 40.693 59, 483 64, 307 60, 978 60, 936 57, 265 10, 500 8,000 11, 300 11,500 1.425 2,950 16, 500 4,900 6,800 18, 200 0 0 0 696 3, 490 3, 582 6,050 7,690 8,452 7, 154 0 0 0 183 542 479 473 623 517 593 560 623 724 664 783 779 823 1,002 961 92,012 947, 354 9 1, 363 926, 069 91,119 939,637 38, 040 20, 800 9,208 * 5, 896 h 2, 484 ^5,302 * 459 M36 M87 9888 »643 9769 19.4 278.4 4.4 193.4 15.3 198.7 Average weekly basis. 598 704 521 » 9 months'average. h 1 Average April-October. 13 SUKVEY OF CURRENT BUSINESS December 1933 Automobiles and Rubber curtailment of automobile production schedSHARP ules continued throughout October as manufactur- Advancing for the fifth consecutive month, the number of trucks exported in October reached the highest ers prepared for the production of new models. A total since March 1931. A slight decline occurred in further reduction in output occurred in the first 3 weeks passenger-car exports as compared with September, of November, with average weekly production for this but shipments continued well above the level of a year period estimated at less than 15,000 units. Retail ago. For the first 10 months of the year, the number sales of cars, however, declined only moderately during of passenger cars exported was 57 percent greater than October, a month which usually brings a sharp seasonal in the corresponding period of 1932. recession. This year the drop in the dollar value of New passenger car registrations were estimated cars sold at retail was 16 percent compared with 27 around 136,000 units, as compared with 63,000 last Ocpercent in the same period of 1932. October sales tober. The decline from the summer peak was less than were valued at 103 percent more than in October 1932. usually occurs in this period. Whereas last year the drop The Federal Reserve Board's adjusted index of auto- in registrations from the peak month of June through mobile production dropped about a third below the October, was 57 percent, the decline this year from the September figure. Despite this substantial decline, summer peak occurring in July was only 27 percent. The Rubber Association reports that production of the index was well above the level of October 1931, and more than twice as high as the depression low touched pneumatic tires in October declined 14 percent below a year ago. With the reduced operations, both em- the September output. The total, however, was a ployment and pay rolls in the industry decreased dur- third larger than in October last year, compared with ing October, although the declines were relatively less an increase of more than 50 percent in September over than in production. As compared to a year ago, wage the same month in 1932. Domestic shipments of payments were almost twice as high, while the advance casings declined about 28 percent in October, and were in employment amounted to more than 50 percent. below production b}^ approximately the same perAlthough only about half as many passenger cars centage, resulting in a further increase in stocks which were produced in October as in June when activity have been built up steadily during the past 4 months. reached a seasonal peak, output was three times as Crude rubber imports remained substantially at the great as in October 1932. The recent decline in truck level of the preceding month, which was the highest production was relatively less sharp, amounting to 27 tonnage imported since December 1931. Domestic consumption of crude rubber dropped 11 percent. percent as compared with June. AUTOMOBILE AND RUBBER STATISTICS Automobile production Year and month Monthly average, 1923-25 = 100 1930' October 1931: October 1932: October November December. __ __ 1933: January February March \pril May June - - _ July August September - .. _ October Monthly average, January through October: 1931 1932 1933 Passenger cars New passenger car registrations Canada United States F.R.B. index, Total adjusted i ^expTts^ Taxi- Trucks cabs Total Passen- Trucks ger cars Automobile financing Retail By whole- purchassale dealers ers Pneumatic tires Do- World Pro- Do- mestic conIm- stocks, duc- mestic shipsumpports end of tion ments tion, month total 1 Millions of dollars Number Thousands Crude rubber Thousands i Long tons 49 26 154 80 113 58 582 651 40, 593 21,727 4,541 1, 440 7, 136 3,207 4,079 4,500 150, 219 102, 659 36 26 81 61 2, 866 2, 379 2,613 2,185 25, 089 20, 495 46, 375 41, 398 458, 435 582, 000 16 31 60 49 60 107 35 47 86 5 239 291 13, 595 12, 025 21, 204 2,923 2,204 2, 139 1,733 1,762 2,757 2, 549 1,353 2,221 63, 195 44, 358 45, 683 13 12 20 34 28 27 2,055 1,843 1, 586 1,385 1,306 1,405 19, 337 20, 157 15, 631 35, 806 29, 620 32, 016 604, 008 611,301 621, 078 48 33 27 44 51 66 70 61 56 38 130 107 118 181 218 253 233 236 196 138 108 91 99 153 185 211 195 195 161 108 5 152 660 411 54 35 4 68 9 63 21, 718 15, 333 18, 064 27, 317 33, 605 41, 839 38, 065 41, 343 35, 182 30, 403 3,358 3, 298 6,632 8, 255 9,396 7,323 6, 540 6,079 5,808 3,682 7,059 5, 521 5, 528 5, 662 5,093 4, 757 5, 546 6,516 6, 330 5,906 3, 084 3, 136 2,528 2, 656 2, 445 2,478 3,582 3,792 4, 614 5,567 79, 821 69, 464 78, 741 119,909 160, 242 174, 190 185, 660 178, 661 157, 976 136, 326 30 28 28 41 55 57 58 70 51 31 29 34 45 58 66 65 71 63 1,806 1,871 1,630 2,499 4, 151 4,880 4,571 3,995 3,199 2,743 2,011 1,764 1,616 2,874 4,077 4,320 4,324 3,674 2, 714 1,943 19, 928 18, 825 15, 701 22, 817 38, 785 44, 654 43, 660 39, 097 31,047 27, 758 30, 663 22, 969 28, 475 21,034 26, 736 23, 504 45, 243 45, 413 46, 255 46, 034 614, 851 618, 299 622, 142 617,490 620, 586 632, 565 619, 752 603,711 616, 119 620, 675 60 33 49 220 120 181 182 100 151 389 59 146 37, 332 20, 196 30, 287 7,894 5,647 6,037 7,478 3,692 5,792 4,373 2,139 3,388 175, 476 100, 636 134, 099 054 » 32 "46 088 »50 "51 e 3, 488 0 3, 421 a 2, 864 « 2, 869 ° 3, 135 o 2, 932 28, 026 25, 228 30, 227 40, 287 35, 293 33, 633 536, 622 610, 250 618, 619 1 Adjusted for seasonal variations. ? 9 months' average. 14 SURVEY OF CURRENT BUSINESS December 1933 Chemical Industries activity in the chemical industries has been maintained at a relatively high rate for some months and recent weeks reveal but relatively slight change. Current production tendencies are mixed, with slight declines in several major branches, particularly heavy chemicals, owing to slackened demand from leading consuming industries. Incoming business has also been slowed due to uncertainties in price schedules for 1934. Increased activity has been marked in the production and distribution of grain alcohol and denatured alcohol, the former to meet the increased demands which are anticipated to result from the repeal of the eighteenth amendment, and the latter because of the greater seasonal demand. Employment in the chemical and allied industries increased in October for the fifth successive month. The gain last month was 3.3 percent, bringing the October employment index up to 99 percent of the 1923-25 monthly average. Pay rolls also moved upward during the same interval, the increase amounting to 5.9 percent. Employment was far above the level of the same month of the 2 preceding years and only 2 percent less than in October 1930. Pay rolls were 30 percent above a year ago, 2.6 percent below 1931, and 21 percent less than in October 1930. Both consumption and imports of fertilizers were higher in October. Imports of nitrate of soda increased nearly sixfold over the preceding month, continuing the erratic movement which has characterized this trade in the past 2 years. Total imports for the year to date are nearly double those of the same period of 1932 but are relatively small as compared with imports in the years prior to 1932. Fertilizer sales in the South and the Middle West were larger in October than in the same month of 1931 and 1932. For the year 1933 to date consumption in the Southern States was one fifth greater than in the same period of 1932. With the repeal of the prohibition amendment an established fact, new orders and deliveries of grain alcohol have increased measurably. Sales of ethyl alcohol for industrial uses have also revealed an upward tendency; The production of synthetic methanol continued its rise in October but the stocks of goods on hand declined. Production in both wood rosin and wood turpentine increased from September to October, but the increases which occurred in stocks were larger than the production gains. Prices of both gum rosin and gum turpentine fell off as did receipts at the principal markets. The stocks of gum rosin declined while the stocks of gum turpentine remained at nearly the same level in October as in September. The price of gum turpentine was lower in October than in any month during the current year, with the single exception of April. CHEMICAL STATISTICS General operations Fertilizer Alcohol ByTurRosin, penSyn- product Explotine, thetic coke, sives, wood wood | "">* jmX methnew orders anol anol duction Prodiiction Productio n l Employment Stocks - -•! Pay \ ~ j rolls Mann El ectrical enicrgy SJ t &fstw&P*!si«- Year and month — • • "• " " r """ M o n t h l y average, 1923 2")= 100 1930: October 1931: October ._ 1932: October , __„ November ._ December.. .... 1933: January February March... ... _ ... April May ~> June .... July !! August-.,.,--, September October _. Monthly average, January through October: 1931 1932 . ._ .< 1933 101. 1 ! 99.9 So. 4 ; SO. s 122.4 ! 142.0 , 101.4 :' 85.7 129.0 I 130. 1 !! 324.3 |; 75. 1 75. 5 75.4 ; 74.9 75.2 75.2 126.0 130.0 115.6 121 0 127. 1 135.7 152.0 152,5 ]59. 6 158.9 70.2 77.3 : 78. 2 ! 89 4 • 78.9 ' 79.4 : 84.0 ! 89.9 96,2 : 99.4 76. 4 7(5.4 75.6 77 6 80.3 82.3 X7. 5 92.4 95.9 99.1 i ;; i !' i! ' |< 138.4 : 90.2 , 126,6 , 77.2 . 137.8 • 84.2 ! : HO. 7 HO. 9 ', 59. S j j i i j j j 90.2 I 77.3 81.4 ; i Adjusted for seasonal variation. 10. 7 50.8 50. 4 iO 8 il.9 54. 6 >7. 9 72. 2 74.3 78.7 , ;. i : ' i j' 86,3 !i 05.2 \\ 66. 2 '! Thous uuls of gallons 125 125 22 , 21 , 21 i 22 20 23 19 12 07 09 12 20 121 ' j ; ;' j ! ! '' 24 ; * 26 '•> 117 i 133 121 18, 455 16, 037 56 122 i 122 117 13, 140 7,391 5, 278 198 141 174 6, 014 112 9, 084 104 i 8, 229 99 93 1 9,012 9, 149 90 10, 683 87 11,684 85 12,482 89 104 13,968 116 i 66 117 124 83 95 98 153 182 106 1(54 97 ; '' 1 1 , 9 2 7 102 « 11.446 98 " 10, 034 121 129 2 Southern States. Thous. of short Thous. of Ib. tons Barrels Con- Total I Nitrate sump- imports of soda tion 2 imports Thous. of short tons Long tons 34, 818 26, 102 5, 817 3, 922 105 91 150, 809 i 120, 822 ! 23, 749 20, 336 18,985 33, 132 31,308 29, 220 5, 202 5, 454 5, 070 96 60 85 91.619 85, 206 47, 956 1 , 785 1,639 1, 666 1, 656 1,921 2,241 2. 797 2, 923 2, 712 2, 5.59 17,971 16. 510 16,179 16, 197 16,497 20, 327 23, 834 25, 086 25, 107 25, 084 31,188 25, 583 26, 597 24, 926 31, 045 35, 163 41,033 42, 961 43, 213 44, 821 4, 975 4, 175 4, 255 3, 831 5, 028 5, 514 6, 516 6, 779 6, 642 (1, 929 205 295 822 1. 118 234 43 18 38 86 100 94, 313 90, 349 97, 507 102. 204 101,085 105, 083 81, 207 102, 028 107. 076 123, 390 2, 780 1,763 2,190 29, 102 28, 142 20,279~ 34, 653 391 247 296 130. 727 80, 798 100, 424 966 510 3, 408 2, 382 1 644 1,739 1 . 752 1,786 353 325 178 425 366 559 562 860 1.461 1,643 632 646 673 4, 884 ! 4, 543 5,464 " 9 month's average. ; 27, 907 33. 968 13 4. 887 4S ! : i i 405 2.516 106 66 8,431 29, 921 5, 308 3, 943 5, 248 29, 652 50. 188 4, 550 8, 560 15 SUEVEY OF CURRENT BUSINESS December 1933 Farm and Food Products FOODSTUFFS 1930: October.. _ . 1931: October... 1932: October November . December 1933: January February March ! \pril i May . ' June I i July August September... : October Monthly average January through October: 1931 j 1932 . ; 1933.... 1 If W ft MonthMonthly aver- ly aver- Monthly average, 1923-25 = age, age, 1923-25 = 1926 = 100 100 100 94 88.8 90.9 206 96 92 92 73. 3 211 85.5 89 S3 84 81.3 80. 7 80.0 60. 5 60. 6 ! 58. 3 88 84 84 101 99 100 100 95 85 79.6 79.2 78.4 81.2 82.6 82.3 83.6 89.7 93.8 93.4 55. 8 53. 7 54.6 56. 1 59.4 61.2 65. 5 64.8 64. 9 04.2 90 88 94 89.1 82.4 84.4 75.5 61.4 60.0 105 Adjusted for seasonal variation. 2 : ! 1 1 \ : Millions of bushels nr *G « £ Dollars i Mil- Dollars per lions of per , bushel bushels bushel ; •X •r g r. w Uon- Stocks, ! sump- cold 1 tion, storappar- age, | ent endof month Thousands ' : 3,441 I 1,165 3,462 i 1,194 534 506 190 177 169 . 51 1 . 19 . 46 25 13 12 .24 .24 .22 ! 1,896 ! 1,543 I 1.161 2,691 1 1,088 2,775 1 1,042 3,] 21 : 1,014 544 . is .23 .22 .26 .33 .39 .40 .52 .50 .44 .3** I 1,318 i 1, 136 i 1.17J 1 3,381 ? ' .51 . 33 i .37 ! : is 29 37 27 23 4! 25 n 158 148 1 37 1 '?6 119 1 25 135 150 1 53 150 '.64 . 73 78 1 00 . 92 .V .S4 13 13 10 17 26 34 46 14 21 '17 212 187 140 .64 . 56 .73 15 13 32 .48 Revised. Earlier data may be found on p. 19 of June 1933 issue. 1 ! 3 it Millions of pounds 1 2 ' 3 <; 13 10 13 16 23 ; Consumption, apparent j i 2, ] 37 18 i | .82 .40 81 ; 69 i 76 86 103 J02 ; 95 100 92 i 84 91 13 £ Imports < Bu ter (* Meats 15 14 70 52 55 60 8J 81 91 79 85 £ . <6 . ."8 27 87 Animals and animal products 205 231 83 ' 84 : 81 ; | ; Corn 29 33 165 133 84 69 J26 166 ; Price, weighted average, 6 markets, all grades o •§ Visible supply, United States, end of month Is Animal products Wholesale prices Year and month Production adjusted i F.R.B. indexes whpat ntieat is Receipts, principal markets Agricultural marketings Food products STATISTICS Cattle receipts which was the major factor in the September rise. Substantial increases which occurred in several branches of the industry were more than oft'set by the unusual decline in the meat industry. The seasonally adjusted index of employment declined fractionally during October from the September level which was the highest since July 1930. Wage payments advanced slightly over the September total. Due to mild weather conditions and the absence of damaging frosts in October, the prospects of some of the late crops improved. In the main, however, the condition of the principal crops remain unchanged. The movement of crops to markets reached a seasonal peak during the month, approximately equal to the level of last October. Receipts of wheat, at principal markets, followed the usual seasonal trend and declined 22 percent from the previous month. Corn receipts were materially larger than usual for this time of the year. Stocks of wheat in all positions showed a decrease of 2 percent during the month arid a reduction of a fifth from a year ago. Corn stocks were increased during the month, and the visible supply at the end of October was approximately three times as large as at the end of October 1932. Receipts of cattle and calves at primary markets were the heaviest since October 1930. Hog receipts were only about 40 percent as large as the exceptionally heavy movement of September. The slaughter was also reduced by producers withholding hogs from the market in the hope of improved prices. Prices of hogs and hog products moved upward after the processing tax became effective, but by the end of the second week in November the major part of the gains were lost, except in Chicago where quotations have been maintained. Holdings of pork and pork products in storage at the end of October were seasonally lower. Receipts of butter at five principal markets during October decreased while cheese receipts increased. Cold storage holdings of butter were reduced by 8 percent but, excepting the 2 preceding months, they were the highest since August 1929. Stocks of cheese were reduced by 3 percent. Current stocks are equivalent to more than two and one half months' supply at the September rate of consumption. A further step in the program to reduce the oversupply of hogs, and at the same time to raise prices, was taken by the Agricultural Adjustment Administration which adopted a new program of purchasing approximately 300,000,000 pounds of cured hog products for relief purposes. These purchases will extend over the 7 or 8 months beginning with November. Receipts, principal markets HE sharp drop in the adjusted production index T of food products in October reflected principally the cessation of hog slaughtering for Federal account, I. 2, ; i , 63i 1, 463 1,487 - Jnelin ! 142 !| 151 ' rt £ g £ c & -<£ TS on«f o^ 16 SURVEY OF CURRENT BUSINESS December 1933 Forest Products HIPMENTS and production of lumber declined S markedly in the first week of November but, as a result of an influx of new orders, production was stepped up in the second week of the month. Lumber orders booked by mills during the week ended November 11 were the heaviest of any week since May 1930. Unfilled orders on hand have expanded as a result and on November 11 amounted to 19 days average production, compared with 14 days at the end of September and 17 days a year ago. October was the second successive month in which the production of lumber declined more than seasonally. The adjusted index was 28 percent below the monthly production peak of the last 2 years established in July and August of this year. Despite the further curtailment of productive activities, employment and pay rolls in the industry expanded slightly. A clear example of the contribution to the reduction in unemployment made by N.R.A. code operation is furnished by the production and employment statistics for the lumber industry. Although production of lumber was reduced by 31 percent between August and October, there were 8 percent more people on the pay roll at the middle of October than 2 months earlier. Southern pine production was further reduced in October, but the decline was less marked than in September. Despite the decreases of the last 2 months, production for the first 10 months of the year amounted to 12 percent more than in the corresponding period of 1932. Production in this section of the industry was expanded materially during June, July, and August, although new orders booked were rapidly decreasing. The current reduction in Southern pine operations represents a tardy adjustment to the volume of new orders. In October new orders, after declining continuously for o months, were only 50 percent as large as in May. Wholesale prices of lumber continued the advance which began in January 1933. The increase from September to October, which amounted to 2.7 percent, brought the price level of lumber products to 50 percent above the January level. This gain was more than two and one half times that for the general wholesale price level. Weekly average carloadings of forest products declined about 1 percent in October following a decline of 10 percent in September. Nevertheless, October loadings were 30 percent above the same month of 1932 and approximately the same as in October 1931. Marketings of naval stores declined for the third successive month and were 5 percent below September. The National Lumber Manufacturers' Association estimates on the basis of mill reports for the first 44 weeks of 1933, that lumber production in 1933 will be approximately 13 billion feet, hardwood probably totaling somewhat over 2 billion feet and softwoods about 10,750,000,000 feet. The association also expects all regions to show a substantial increase over 1932 and the increase in the Western regions to be a little greater than in the South. FOREST PRODUCTS STATISTICS Southern hardwoods | General operations LumEmber pro- ployduc- ment, tions, ad- 1 ad- justed justed i Year and month Car- LumNaval load- ber exstores, in s Pay mar- fforest g V ports, rolls, ketings all produnaducts 2 types justed Monthly average, 1923-25=100 1930: October 1931: October 1932: October November - ... December 1933: January February March April May June July August September October Monthly average, January through October: 1931 1932 938 M 1 Production Douglas fir Southern ptae UnUnfilled ProNew filled New 2 orders, Proorders orders duc- orders end of duction tion 2 month Thousands of cars """^ Un- Un- Ship- filled New filled ments orders, orders orders end of month Number days' production Millions of feet, bofird measure 50 33 62. 1 48.4 60. 4 38.2 143. 1 114.0 38.8 24.2 125 87 158 105 154 131 466 374 41.6 30.0 40.6 30.3 137.9 81.5 211 117 213 135 109 58 26 17 20 11 24 21 23 37.6 37.3 36.8 22 4 20! 9 18.8 78.4 77.2 70.3 18.8 16.0 13.2 80 63 68 68 68 49 113 101 68 256 246 252 22.7 21. 1 16.4 22.5 23.7 21.2 76.1 81.9 85.1 113 99 75 144 91 68 75 50 44 12 9 6 9 26 20 22 24 30 38 46 46 36 33 35.0 34.4 32.5 33.3 35.7 40.0 43.8 46.6 49.4 49.9 16.3 16.3 14.3 15.6 18.0 21.7 24.6 28.9 33.1 33.5 31.7 23.0 32.9 69.4 122. 2 134.6 135.3 125.3 101.3 96.5 13.7 13.7 14.6 17.2 20.8 25. 1 26.8 27. 2 24.7 24.4 71 50 68 75 89 95 95 78 76 80 60 60 64 71 79 90 98 146 238 230 226 247 233 184 128 128 128 264 240 208 200 211 26.4 24.3 28.3 33.6 57.3 49.5 38.6 24.5 32.8 29.5 120.9 109.7 107.9 120.4 195.2 203.7 218.9 105.6 112.8 116.4 85 78 87 89 116 121 126 133 114 104 96 76 113 113 180 159 120 118 98 91 57 55 64 67 92 88 81 71 60 55 6 135 169 165 150 143 23.4 24.4 21. 1 28.8 34.4 35.0 49.0 37.7 34.2 33.0 5 6 6 6 10 13 13 13 11 17 18 18 12 43 25 32 53.4 39.2 40.1 43.3 22.5 22.2 108. 1 74.3 87.2 30.2 17.9 21.0 107 71 78 41.4 23.2 32. 1 44.4 27.4 34.5 155.9 85.4 141.2 140 94 105 157 118 116 91 66 69 14 9 9 17 10 11 Adjusted for seasonal variation. 2 Weekly average. s Grand Rapids district. 6 5 5 5 17 SURVEY OF CURRENT BUSINESS December 1933 Iron and Steel Industry ^TER declining steadily from the peak of last summer, steel-mill operations in the second week of November leveled off around 26 percent of capacity. This represents a sharp reduction from the October average, when the industry operated at 37 percent of capacity, and brought the rate of operations to more than a third below the peak of last July. Although the Federal Reserve Board's adjusted index of iron and steel output for October dropped 8 percent from the September figure, total output of the industry was still approximately twice as large as in the corresponding month of 1932, and was also 36 percent higher than in October 1931. Employment in the industry was slightly lower than in September, although as a result of N.R.A. code operations more workers were on the pay roll in October than during the period of peak operations last summer. The number employed was 38 percent higher than in October 1932 and 11 percent more than in the same month of 1931. Wage payments, which declined in September, were fractionally higher in October, moving contrary to the trend in employment. Total pay rolls in the industry were over twice as great as the low of last March, and, with the exception of last August, were the highest since the summer of 1931. The decline of 11 percent in pig-iron production during October was contrary to the usual seasonal movement. Output was more than twice as large as the tonnage produced in the same month of 1932. The number of active furnaces was reduced to 78, 11 less than the total in blast during September. A Steel-ingot production receded to the lowest total since last May; however, the tonnage produced was twice as large as in October of last year, and 33 percent more than in the same period of 1931. In view of changes in the method of booking new orders which modify the significance of backlog tonnage figures, the United States Steel Corporation announced the discontinuance of that series. In its place, a new series of monthly reports on shipments of finished rolled-steel products has been inaugurated. The latter figures, which are included in the table below, afford some indication of the tonnage of finished products currently moving to consumers, rather than the possible prospective activity in the industry, as revealed by the volume of advance placements at the end of aiw month. According to these statistics, the largest shipments of the year occurred in July, coinciding with the peak of ingot production. The decline from July to October, however, amounted to 18 percent, as against a drop of 34 percent in ingot production. The drop in shipments in October was slight compared with the drop in the two preceding months. The movement of steel-scrap quotations has conformed to the declining trend of activity in the industry. The composite price of finished iron and steel products was higher on the average in October due to the markup of quotations at the end of the third quarter. There has been no change in the composite iron and steel price since the end of September, but the current figure is the highest since April 1931. IRON AND STEEL STATISTICS General operations Year and month Production, adjusted i Employment, adjusted^ Pay rolls, unadjusted Monthly average, 1923-25 = 100 United Prices Steel ingots Steel sheets 2 States Steel CorpoPerSteel ration, Iron billets, FurSteel Finished Pro- naces Pro- cent and Besse- scrap Ship- finished Ex- Im- ducof New steel, orprodducsteel, ports ports tion (Chiin camer ments comtion pac- ders ucts, com- (Pitts- cago) posite blast shipposite burgh) ity ments ThouDollars Thousands of long Num- sands Per- Thousands of Long Dollars per long ton per 100 short tons tons ber of long cent tons pounds tons 38 132 111 159 194 784, 648 2,165 32. 31 31.00 11.38 50 2-22 2,693 29 59 1,173 70 1,590 28 117 129 476, 032 30.81 29.00 8.00 2.18 34 41 49 29.32 26.00 645 95 92 310, 007 19 1,087 6.00 2.16 56 35 631 51 66 29.12 26.00 1,032 77 275, 594 18 5.93 2.15 29 42 54 546 15 77 28.93 26.00 861 67 227, 576 5.25 2.14 Iron and steel 81.3 75.8 76 1930: October 66.2 43.9 45 1931: October 1932: 53.2 31 26. 2 October .. 31 53.8 25. 6 November _ 52.8 24.2 28 December 1933: 30 50.6 22.7 January.. ___ 51.4 24.7 February 31 22 22.4 48.3 March _ ._ 50.0 24.4 35 April 49 52.5 29.5 May 72 58.1 36.2 June 42.4 100 66.3 July 73.2 80 52.7 August _ _ 74.7 49.0 September _ _ __ . 66 49.3 73.6 October 61 Monthly a v e r a g e , January through October: 58.4 62 73.0 1931 29.1 31 56.5 1932 ... _. 35.3 59.9 55 1933 i Adjusted for seasonal variation. 22250—33 3 Pig iron 57 64 81 100 123 103 88 119 109 165 22 20 22 28 26 34 53 47 56 47 569 554 542 624 887 1,265 1,792 1,833 1,522 1,356 45 45 38 48 63 90 106 98 89 79 85 48 101 36 31 36 1,619 751 1,094 94 53 70 1,030 1,087 910 1,363 2,002 2,598 3,204 2,901 2,311 2,112 18 21 16 25 34 46 59 49 41 37 76 81 83 119 144 247 174 159 145 79 79 73 75 100 119 153 174 174 164 175 41 2,230 160 170 92 1,143 20 95 35 131 1,952 129 2 Black, blue, galvanized, and 285, 138 275, 929 256, 793 335, 321 455, 302 603, 937 701,322 668, 155 575, 161 572, 897 28.69 28.31 28.35 28.16 28.45 28.73 29.81 30.04 31.30 31.59 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 5.25 5.25 5.25 6.00 8.45 8.91 10.41 10.45 9.84 9.33 2.12 2.10 2.10 2.06 2.08 2.09 2.17 2.17 2.20 2.26 689, 588 347, 605 472,996 31.30 29.55 29.34 29.45 26.63 26.00 9.11 6.38 7.91 2.21 2.16 2.14 full finished. 18 SURVEY OF CURRENT BUSINESS December 1933 Textile Industry RODUCTION in the textile industry receded in POctober at a less rapid rate than in the two preced- reported in only four States, North Carolina, Georgia, Mississippi, and New Hampshire, and in the first ing months. The usual seasonal movement for the named the decrease was fractional. month is upward and the decline of 4 percent in output Wool consumption in October was substantially resulted in a drop of 7 percent in the Federal Reserve above the same month of 1932, and takings were the Board's adjusted index. Production was also lower largest for this month since 1929. Consumption was than in October 1932 by 7 percent. During the first also slightly higher than in September. Machine ac10 months of the year production was about one fourth tivit}^ in all major branches of the industry declined, greater than in the corresponding period of 1932 and with the exception of carpet and rug weaving and was also greater than in any similar period since 1929. wool combing. Carpet and rug looms were operated Employment in the industry declined slightly con- at 49 percent of capacity, on a single shift basis, or trary to the usual trend and pay rolls dropped 2 percent the same as the September rate. Wide looms were With the exception of September, however, pay rolls operated at 62 percent of capacity compared with 73 were the highest since September 1931. Textile percent in September and 66 percent in October 1932. prices at wholesale moved slightly higher during the Active hours for narrow looms dropped to 41 percent month, the advance of 0.3 percent comparing with a against 48 in September and 43 percent a year ago. rise of 3.1 percent in the preceding month and of 9.7 Spinning activity was lower for the month. Combs percent in August. were operated at 108 percent of capacity on a single Mill consumption of raw cotton, per working day, shift basis in October. averaged 19,568 bales, or about the same as in SeptemSilk deliveries to mills continued to drop during ber. This was the largest October consumption since October to the lowest total of the year. For the month 1929. Spinning activity was at 102 percent of single- deliveries were only 53 percent of the total in October shift capacity, a rise of 2 points over the September a year ago and were the smallest for this month since figures and a gain of 5 percent over a year ago. While 1923. Machinery activity figures are not available, the average active hours per spindle in place in the but the drop of about 2 percent in employment and entire industry increased from 229 in September to pay rolls between September and October suggests 235 in October, the increase in the New England that spinning and weaving activity was below the States was from 153 to 163 as against an increase in the September level. Raw silk prices have dropped conSouthern States of from 275 to 279. Decreases were siderably below the July high point. Year and Month Monthly average, 1923-25= 100 90 93 - - 1930- October 1931: October 1932: October November December. _. .. 1933: January.. ._ February March April May . June July Au&ust September October Monthly average, January through October: 1931 1932 1933...... 1 Cotton, raw ! L % fl IS s s Cotton and manufactures 1 l3 ^o xs fl 'a Cotton cloth finishing 2 i ^| fl •+*Ssl o» C ill 00 n*s Wool £ £ & —C •+*s3 I 1 c, g 1 Wool manufactures Spinning spindles Looms I C o TJ ft> '•fi «. i ts0 I € ji MonthMilly av- Thou- ! Percent of active hours Runlions of Thousands of erage, sands of ning yards to total reported 1926 = pounds bales spindle hours 100 77.0 40, 975 62 53 44 47 6,243 69, 764 65, 877 443, 284 59.7 42, 990 53 49 49 39 461, 023 6,598 63, 014 78, 027 99 92 91 501, 893 502, 434 440, 439 7, 053 6, 967 6,386 87, 956 69,515 79, 175 66, 633 74, 850 81, 933 87 83 76 85 108 133 130 114 99 93 470, 182 441, 203 495, 183 470, 359 620, 561 697, 261 GOO, 641 588, 570 499, 486 503, 873 6,791 6,286 7,050 6,570 8,329 9,299 8,128 7,942 7,058 7,261 88, 300 93, 773 95, 746 74, 463 88, 278 100, 479 90, 106 75, 329 57, 471 71,669 80, 097 82. 272 80, 446 80, 765 81, 740 75, 395 72, 909 82, 943 92, 301 103, 371 96 81 101 460, 323 407, 413 538, 732 6,584 69, 956 5,690 67, 336 7,471 83, 561 72, 069 73, 263 83, 224 Adjusted for seasonal variation. 56.2 53.6 51.7 W h o l e s a l e price, woolen and worsted goods Production index, adjusted i TEXTILE STATISTICS Silk 1 3 3 Operations, machinery activity •d 21 fa O M— £ o* 111 ga M§ .SA fit* ti •It |ll t$ 0 *~ 02* Monthly av- Bales of Percent of active hours Dollars per erage, 133 to total pound 1926= pounds 100 2.512 70.2 75.0 61, 937 38.2 88.2 2.266 64.6 56, 668 56.4 93.0 38.0 42, 423 38, 963 36, 532 73 60 55 73 58 57 43 42 33 66 59 58 56.5 55.3 54.2 53, 703 43, 955 40, 548 84.5 76.2 83.2 46.8 45.3 34.2 61.9 52.2 55.5 1.673 1. 562 1.550 50.1 35. 510 49.1 33, 278 50.0 24, 943 50.7 28,701 57.9 1 46,898 67.1 58, 688 80.2 57, 377 93.5 55, 694 91.3 50, 467 88.8 51,037 59 60 42 53 77 100 108 99 82 68 56 57 32 35 72 92 96 83 69 65 36 36 28 29 46 53 54 51 48 41 59 68 43 42 66 87 97 87 73 62 53.4 53.2 53.2 53.3 61.5 68.8 72.3 78.9 82.7 84.5 46, 204 32, 665 38, 934 41, 910 47, 151 53, 627 44, 597 42, 852 31, 185 28, 521 89.7 80.6 56.6 59.2 75.4 74.8 82.9 37.2 36.8 36.3 42.2 46.0 53.0 53.2 56.8 48.9 38.2 49.8 52.3 62.8 78.4 1.305 1.201 1. 182 1.324 1.586 2. 155 2.273 1.881 1.889 1.647 44, 669 31, 003 44, 259 59 48 75 64 ; 48 66 25 42 40 59 48 68 69.0 49,581 58.2 ' 46,932 66.2 1 40,765 86.6 64.5 42.6 42.6 52.0 45.0 2.453 1. 566 1.644 67.9 54.4 67.9 2 Printed only (nill and outside). 3 Grease equivalent. 19 SURVEY OF CURRENT BUSINESS December 1933 BOOK PAPER 1 PRODUCTION [Short tons] Month 1921 1923 1923 1924 1925 January _February March April - -- - -M^av June - - July August September _ _ _ October November _ __ December. . _ _ . - _ Total Monthly average . 1928 1929 1930 1931 192G 1927 70, 260 95, 062 135,893 102, 758 134, 634 114, 993 107, 731 120, 562 114,685 116,036 117, 265 83, 701 104, 860 61, 863 125, 558 109, 978 97, 996 109 370 114 242 109 013 111,540 120 615 88, 344 65, 295 115,224 107, 536 124, 783 131, 543 108, 207 120, 018 129, 415 120, 445 121,970 56, 071 75, 864 104, 889 105, 000 117, 187 125, 429 135, 548 107, 627 123, 044 108, 208 111,028 57, 448 77, 727 94, 554 1 12, 922 101, 178 103 984 115, 252 126,429 125, 364 107, 867 116,210 58, 858 79, 635 84,219 119,052 96, 883 114, 545 108, 557 123, 865 103, 635 108, 128 118,081 52, 958 71, 652 74, 621 119,912 94, 860 104 739 103, 814 111,834 97, 201 105 871 106,400 65, 163 88, 166 99, 442 98, 780 117,090 127, 673 105, 215 97, 630 110,245 114,478 115, 133 68, 115 92, 160 84, 617 96, 852 103, 592 124, 806 102, 788 90, 402 109, 599 108, 094 116,961 78, 726 106, 516 86, 724 103, 216 142, 467 115, 196 119,955 112,736 117,437 103, 691 93, 625 80, 259 108, 590 103, 950 111,710 132, 139 98, 280 109, 688 120,234 106, 361 94, 071 87, 673 77, 263 104, 535 98, 236 100, 332 94, 954 100, 268 104. 797 123, 120 111,906 123, 478 108, 124 792, 279 1,071,952 1 , 207, 927 1, 203, 607 1,343 310 1 418 535 1 328 782 1, 334, 326 1,497,912 1, 389, 500 1, 208, 674 66, 023 89, 329 100, 661 100, 301 124, 826 100, 723 111,943 118,211 110, 732 115, 792 111,194 January February March April May June July August September October November December Total Monthly average 66,031 80, 523 135, 976 99, 134 121,319 129, 828 114 948 110 825 116, 987 110 301 117 607 74, 821 56, 726 124, 831 118,749 109, 492 109, 679 115,391 108, 075 97, 659 111, 726 116, 399 60, 783 86, 086 124 242 113,687 102, 565 127, 240 121 290 131 853 120 038 109 206 118 493 55, 488 78, 064 102, 542 104, 073 103, 333 123, 695 126, 660 129, 210 108, 966 116, 141 108 645 55, 938 87, 827 91, 398 124 277 121 304 103 820 103 376 109 144 110 546 110 741 100 450 58, 188 89, 030 102, 032 80, 261 119, 568 94, 696 117, 085 113 533 113 691 106, 965 104 920 55, 887 84, 465 74, 355 94, 328 104, 487 104, 523 119,489 110,011 104, 365 109, 288 98, 150 67, 792 97, 127 97, 819 95 447 97, 323 115 229 107, 135 108 507 111 708 117,443 126 167 67, 650 96, 656 92, 954 83, 375 100, 820 124, 456 117, 642 109, 771 106, 649 100, 485 108, 575 82, 265 99, 479 84, 854 127, 227 109, 028 114 555 123 971 118, 144 107, 006 114 153 96, 659 75, 111 103, 441 102, 717 101,513 110,525 127, 690 93, 600 86, 164 111, 175 117,308 104, 497 75, 410 97, 191 100, 813 102, 557 108, 121 123, 157 101, 194 96, 856 112,373 122, 746 107, 376 777, 269 1, 074, 710 1, 192, 628 1,206 332 1,333 072 1 416 491 1,321 232 1, 327, 531 1, 482, 641 1, 359, 849 1, 215,316 64, 772 89, 559 113,321 99, 386 123, 553 101, 276 100, 528 118,041 110, 628 111,089 110, 103 1932 1933 86, 818 85, 715 93, 470 84, 648 82, 182 74, 903 63, 975 73, 543 72, 392 77, 264 75, 634 75, 392 945, 936 78, 828 77, 094 80, 486 79, 689 7f>, 183 79, 799 89, 659 92, 060 98, 842 99. 746 88, 466 89, 788 93, 668 85, 828 79 494 72, 986 66, 898 74, 607 73, 351 80, 539 71, 745 74, 630 952 000 79, 333 81, 103 78, 796 77, 537 77, 326 64, 797 87, 687 97, 860 98, 644 100, 943 412, 447 260, 509 296 838 380, 630 368, 044 315, 297 281, 165 423, 633 284, 278 320, 741 352, 992 342, 336 310, 333 293, 593 486 948 333 723 347 504 387, 087 359, 125 340, 198 314,273 440, 456 309, 405 340, 982 388, 510 364, 024 340, 463 273, 944 421 449 305 692 367, 654 401, 534 341 049 330 963 267, 088 437 439 328, 423 342, 745 362, 126 331, 934 324, 339 269, 585 402, 414 289, 066 303, 612 363, 096 332, 280 336, 073 230, 103 438 973 355, 176 368, 150 397, 102 330, 095 320, 733 271, 129 447, 596 348, 265 336, 190 362, 478 334, 925 340, 890 286, 336 432, 535 344 121 368, 907 404, 288 362, 306 346, 305 313, 141 404, 174 328, 404 355, 728 361, 269 314,517 291, 118 278, 801 336, 255 286, 546 312, 752 290, 075 280, 081 251, 111 224, 214 084,339 3, 773, 608 4, 061, 803 4, 451, 187 4, 060, 716 3, 847, 823 3, 303, 372 423, 694 314, 467 338, 484 370, 932 338, 393 320, 652 275, 281 243, 489 263, 940 290, 678 295, 038 322, 108 382, 002 364, 253 368, 464 349, 903 SHIPMENTS _ _ __ _____ PAPER BOARD, TOTAL 1 PRODUCTION 110,564 143, 070 329, 149 297, 880 278, 695 129, 401 167, 445 305, 091 276, 107 249, 542 _ 146, 006 188, 932 281, 033 254 335 268 432 __ _ 133, 950 173, 331 256, 975 232, 562 273, 110 128, 323 166, 050 232, 917 210 790 249 451 136, 031 176, 024 208, 857 189, 016 271, 478 117,313 151, 803 184, 743 _ 167, 192 276, 569 144, 760 187, 319 235, 750 213, 354 276 809 167,411 216, 630 186, 980 169, 217 288, 371 _ 189, 949 245, 794 220, 190 199, 272 300 157 180, 343 233, 364 189, 883 _ _ _ _ 171,844 278, 607 155, 750 201, 539 161, 264 145, 944 275, 359 1, 739, 801 2, 251, 301 2, 792, 832 2, 527, 513 3, 286, 580 5 144, 983 187, 608 232, 736 210, 626 273, 882 January February March April May June July . August September October November December Total Monthly average SHIPMENTS 104, 947 152, 068 330, 555 209, 009 276, 771 411,289 261, 661 293, 710 378, 564 363, 660 312, 445 284, 722 January 159, 429 322, 424 349, 962 345, 286 303, 855 295, 590 305, 672 209, 642 249, 519 422, 691 284, 001 February . _ _ 127, 056 139, 035 192, 567 280, 789 310,411 234, 610 271,898 479. 008 330, 810 362, 591 394, 430 361, 243 336, 671 March 130, 412 174, 094 255, 906 April 187, 292 260, 779 434, 142 315, 132 337, 723 377, 900 359,317 338, 363 274, 884 131, 250 189, 028 231, 023 197, 823 253, 260 416, 390 304, 052 355, 431 398, 232 339, 681 334, 325 266, 278 May 135, 907 190, 217 206, 140 182, 400 262, 572 422, 641 264, 771 323, 575 336, 927 356, 216 339, 586 322, 431 June 120, 842 176, 644 186, 125 189 495 269 989 406 914 295 720 308, 510 360, 644 334, 055 342, 738 234, 694 July 146, 268 208, 550 233, 239 233, 564 288, 816 432, 712 351, 878 368, 403 400, 633 328, 189 322, 960 • 275, 093 August 171,919 209, 025 187, 376 207, 191 September 293, 609 444, 381 350, 596 341, 738 365, 254 334, 843 342, 636 295, 704 191,823 210, 827 214, 286 245, 050 303, 521 443, 786 347, 170 371, 462 410, 336 360, 726 348, 153 315, 959 October 202, 542 185, 723 217, 600 280, 820 395, 208 327, 468 353, 058 357, 848 313, 621 287, 726 274, 141 November _ _ _ _ _ _ _ _ _ _ 177, 614 152, 366 195,011 157, 722 206, 811 272, 504 349, 159 282, 486 299, 517 279, 769 284, 931 246, 227 222, 280 December. 1, 729, 439 2, 260, 002 2, 774, 556 2, 520, 487 3, 284, 058 5, 058, 321 3, 774, 549 4, 051, 494 4, 429, 788 4, 065, 138 3, 838, 530 3, 314, 527 Total . 144, 120 188, 334 231, 213 210, 041 Monthly average 273, 672 421, 527 314, 546 337, 624 360, 816 338, 762 319, 878 276, 211 243, 246 265, 524 289, 225 295, 923 327, 906 390, 788 368 624 371, 043 349, 553 WRITING PAPER 1 PRODUCTION 21, 670 18, 324 18, 148 14, 885 16,650 16, 675 15, 548 17, 934 19, 574 23, 459 23, 434 24,611 230, 912 19, 243 32, 267 27, 284 27, 022 22, 164 24, 792 24, 829 23, 151 26, 704 29, 146 34, 930 34, 893 36, 644 343, 826 28, 652 36,815 36, 150 35, 484 34, 819 34, 154 33, 488 26, 307 27, 550 28, 515 31,498 26, 900 25, 349 377, 029 31,419 35,011 34, 379 33, 745 33, 113 32, 480 31, 847 25, 018 26, 200 27, 118 29, 955 25, 582 24, 107 358, 555 29, 880 _ . . 17, 446 June _ JulyAugust September _ _ _ October November December.. Total Monthly average 16, 284 14, 192 15, 641 16, 994 16, 903 19, 345 21, 392 25, 399 23, 975 24, 028 227, 400 18, 950 24, 830 24, 941 28, 595 25, 462 27, 569 28, 190 27, 445 31, 248 31, 666 31, 899 29, 784 29, 586 341,215 28, 435 36, 724 35, 801 34, 877 33, 954 33, 031 32, 110 25, 899 27, 951 27,415 29, 569 27, 131 24, 246 368, 708 30, 726 30, 891 31, 123 32, 623 32, 645 31, 171 26, 175 26, 358 27, 866 26, 736 32, 829 27, 731 28, 952 355, 100 29. 592 January _ February March _ _ _ _ _ April . . .. May June July August _ _ September October _ _ _ _ _ November _ _ December _ _ _ _ _ _ __ Total Monthly average 39, 723 37, 981 41, 626 40, 799 38 690 38, 750 37,091 38,416 37, 732 43, 521 39, 099 40, 376 473, 804 39. 484 41, 633 41, 295 44, 771 43, 132 41 460 38, 830 38 523 38, 521 38 800 39, 861 40, 237 37. 637 484, 700 40, 392 40, 033 38 799 44, 643 46, 174 44 118 42, 866 37 997 42, 254 42 517 44, 209 41,761 43. 437 508, 808 42, 401 44, 962 46. 640 50, 875 48, 341 49 081 45, 867 40, 777 47, 194 41, 859 47,612 44, 952 42,312 550, 472 45, 873 49, 635 49, 066 53, 686 54, 298 54, 092 50, 005 48, 851 50, 564 46, 959 54,313 50, 309 45, 812 607, 590 50. 633 56, 124 53,315 57, 930 55, 988 52 660 46, 079 45,312 43, 034 43, 022 46, 940 39, 588 34, 689 574, 681 47, 890 45, 940 45, 519 49, 167 45, 403 43, 083 41, 084 36, 947 36, 918 36, 996 38, 885 33, 742 33, 914 487, 598 40, 633 42, 954 42, 194 44, 426 37, 243 35, 156 29, 375 29, 171 31,825 34, 482 36, 264 32,819 28, 389 424, 298 35, 358 32, 946 34, 262 37, 455 32, 848 42, 820 52, 552 52, 537 53, 943 42, 767 39, 893 40 843 46, 330 45, 479 43, 780 41, 176 40, 676 40, 632 41, 882 44, 308 42, 593 42, 445 510, 037 42, 503 42, 732 45, 960 52, 151 45, 073 49, 015 46, 630 41, 487 46, 739 41, 869 47, 719 44, 017 40, 570 543, 962 45, 330 52, 601 50, 474 56, 876 52, 693 55, 033 49, 184 47, 548 51,518 45, 378 53, 052 47, 818 41, 786 603, 961 50, 330 57, 288 52, 209 54, 465 52, 143 51, 791 40, 818 44, 442 41, 953 40, 827 47, 114 38, 646 33, 860 555, 556 46, 296 48, 557 45, 239 47, 532 46, 323 44, 064 39, 730 38, 784 38, 408 38, 632 40, 671 38, 789 37, 820 504, 549 42. 046 44, 584 42, 499 43, 552 37, 227 34, 121 30, 675 31, 484 32, 315 35, 455 36, 665 32, 530 28, 514 429, 621 35, 802 34, 494 34, 639 37, 343 34, 556 39, 737 50, 292 52, 274 53, 727 41,441 SHIPMENTS January February March April 15, 801 May _ _ _ . Footnote on p. 20. 1 40, 382 39, 347 40, 126 41, 138 38, 857 35, 833 38, 691 36, 898 39, 290 43, 981 37, 701 40, 531 472, 775 39. 398 43, 589 40 864 44, 107 43, 603 39, 933 36, 407 39, 659 37, 018 38, 467 42, 235 38, 812 37, 434 482, 128 40, 177 20 SUEVEY OF CUEEENT BUSINESS December 1933 WRAPPING PAPER PRODUCTION [Short tons] Month 1921 1922 1923 1924 1925 1926 1937 1928 1929 1930 1931 1932 72, 692 75, 514 81, 260 84, 248 86, 482 81, 998 73, 458 91, 504 96, 274 105, 108 107, 369 105, 650 125, 710 119 893 114, 077 108, 260 102, 443 96, 623 84, 469 88, 883 87, 327 93, 954 89, 505 73, 090 107, 985 102 988 97, 992 92, 995 87, 999 82, 999 72, 559 76, 350 75, 014 80, 706 76, 885 62, 784 109, 246 104 892 112,731 108, 155 102, 869 105, 807 104, 561 111,026 106, 339 121, 245 103, 386 101, 792 109, 560 99, 069 114,905 104, 370 98, 933 104, 287 100, 409 110,438 107, 915 113,825 109, 935 106, 774 128, 741 120, 732 137, 952 131, 070 118,487 124, 613 119, 685 132, 155 125, 846 130, 193 131, 153 124, 678 125, 166 121, 298 132, 184 119,340 127, 209 117, 822 115,091 131, 093 108, 724 124, 945 126, 056 118,343 152, 966 131, 104 138, 125 137, 433 141, 973 131, 268 126, 604 138, 281 125, 494 134, 023 129, 770 118, 742 139, 320 127, 037 145, 810 142, 393 140, 393 126, 893 121,591 127, 447 122, 887 138, 024 126, 053 122, 641 114, 816 115 542 120, 534 126, 701 125, 288 124, 963 124, 803 125, 260 115, 265 117, 248 98, 951 92, 296 118, 432 113 561 117 481 123, 890 97, 750 83, 814 87, 548 101 823 101, 324 115, 047 99 584 84, 189 January February March April May _June July August September October November December 56, 658 58, 857 63, 336 65, 665 67, 406 63,911 57, 255 71, 320 75, 038 81, 924 83, 686 82, 347 Total Monthly average 827, 403 1, 061, 557 1, 184, 234 1, 017, 256 1, 292, 049 1, 280, 420 1, 525, 305 1, 467, 271 1, 605, 783 1, 580, 489 1, 401, 667 1, 244 443 122, 273 106, 702 127, 109 133,815 131, 707 68, 950 107, 671 88, 463 98, 686 84, 771 116,806 103, 704 1933 92 91 121 132 123, 149 152, 160 140 969 417 169 438 556 524 334 982 334 SHIPMENTS January February March April May June July August September October November December _ _ _ _ _ _ _ _ - _ - _ _ -_ Total Monthly average 44, 670 51, 194 55, 387 64, 286 66, 287 61,834 56, 530 69, 922 83, 289 86, 921 86, 445 84, 069 76, 332 72, 724 81, 826 73, 742 87, 574 86, 342 85, 522 103, 124 98, 924 102, 582 102, 087 70, 751 96, 575 95, 174 93, 773 92, 372 90, 971 89, 565 76, 082 83, 231 85, 209 94, 692 82, 549 62, 835 85, 778 91, 128 88, 428 84, 235 77, 825 67, 518 68, 300 84, 327 94, 084 93, 920 83, 654 83, 974 112, 949 108, 249 113, 598 104, 965 106, 433 102, 701 109, 902 118,487 115, 628 129, 478 108, 959 108, 314 110,965 104, 596 112,242 107, 157 97,817 102, 113 106, 072 111,637 107, 844 113,729 110, 205 107, 952 127, 540 119,875 133, 560 122, 986 113,266 122, 432 115, 789 129, 344 121, 568 129, 607 128, 150 119,624 121, 127 120, 246 125, 369 116,471 123, 256 116, 223 122, 551 130, 301 112, 058 123, 388 118,715 114,621 151, 645 129, 982 145, 594 137, 594 138, 788 130, 093 128, 944 136, 434 126, 377 141, 004 129, 821 116, 385 141,637 129, 574 145, 721 143, 556 138, 760 130, 523 131,556 122, 841 128, 180 139, 366 127, 756 120, 252 114,996 114, 973 121, 631 128, 516 122, 851 122, 778 125, 975 122, 220 110,511 115,175 102, 039 96, 341 120, 041 117 956 121,864 122, 933 97, 059 85, 755 89, 745 100, 819 110, 672 126 156 98, 001 82, 370 92, 783 91 691 123, 835 136, 808 125 409 163, 579 153, 857 161, 143 136, 826 810, 834 1, 041, 530 1, 043, 028 1, 003, 171 1, 339, 663 1, 292, 329 1, 483, 741 1, 444, 326 1, 612, 661 1, 599, 722 1, 398, 006 1, 273, 371 134, 388 133,310 116, 501 107, 694 123, 645 120, 361 67, 570 86, 794 86, 919 83, 598 111,639 106, 114 _ _ _ OTHER GRADES1 PRODUCTION January February. _ _ March April . May June July August September . October November December 42, 183 41, 996 _. . _ -_ _ _ - . Total Monthly average 113,434 105, 347 122, 488 111,695 112, 986 113, 164 101, 755 116, 663 113, 886 116, 027 111,176 110, 017 46, 238 42, 625 42, 212 45, 685 38, 540 47, 843 54, 808 69, 591 67, 574 64, 167 61, 545 61, 272 67, 461 62, 190 61, 587 66, 654 56, 230 69, 803 79, 965 101, 533 98, 590 93, 627 122, 211 111, 182 100, 153 89, 124 78, 095 67, 072 59, 929 65, 217 59,019 71, 291 66, 165 56, 922 115, 001 104, 622 94, 244 83, 866 73, 487 63,115 56, 393 61, 369 55, 537 67, 085 62, 261 53, 564 603, 462 50, 289 880, 457 73, 371 946, 380 78, 865 890, 544 1, 223, 143 2, 485, 420 1, 348, 638 1, 574, 016 1, 568, 594 1, 337, 668 1, 232, 815 1, 032, 776 111,472 102, 735 74, 212 101, 929 207, 118 112, 387 131, 168 130, 716 86 065 109, 359 99, 794 105, 996 105,511 103, 755 95, 535 96, 877 102, 040 104, 623 110, 453 98, 318 90, 882 214, 259 199, 689 218, 546 203, 583 210, 716 208, 738 197, 479 196, 508 207, 891 221, 451 212, 600 193, 960 126, 862 122, 388 135, 703 128, 412 136, 910 133, 406 121,615 141, 000 127, 563 143, 348 134, 740 122, 069 132, 430 124, 167 128, 976 134, 310 142, 889 129, 672 129, 165 135, 016 125, 583 145, 560 127, 481 113, 345 127, 590 121, 774 114, 842 122, 039 117, 320 118, 218 99, 338 103, 637 107, 817 110, 992 98, 797 95, 304 106, 036 95, 409 100, 577 109, 442 106, 498 101, 631 99, 643 103, 114 104, 693 106, 568 105, 531 93, 673 90, 376 92, 910 100, 883 84, 114 81 347 79, 444 74, 109 85, 209 90, 804 94 252 79, 718 79, 610 58, 835 85, 291 65 852 124, 657 62 068 122 264 179, 788 153 973 143, 470 SHIPMENTS January February Mi arch April May June July August September October November December _ _ _ Total Monthly average _ _ _ 39, 495 40, 645 44, 472 44, 498 41, 706 45, 518 39,411 49, 921 56, 250 69, 531 67, 880 64, 372 61, 546 64, 945 74, 491 67, 855 71, 257 68, 667 71, 172 81, 554 79, 846 83, 564 79, 253 75, 014 118, 135 106, 852 95, 570 84, 287 73, 004 61, 726 57, 689 63, 459 60, 692 72, 626 65, 531 57, 765 603, 699 50, 308 879, 164 73, 264 917,336 76, 445 69, 410 66, 445 73, 395 75, 702 73, 952 64,312 67, 548 76, 919 76,416 89, 246 76, 237 81, 094 108, 033 101,611 103, 490 103, 333 99, 392 93, 957 97, 313 104, 100 105, 730 113,036 98, 732 87, 009 214, 008 192, 891 213, 515 199, 788 199, 829 203, 487 199, 748 204, 544 212, 622 230, 230 215, 493 197, 280 112,315 107, 062 121, 405 110,403 110, 668 111,486 101, 982 115,239 115, 185 116,006 111,740 110,147 126, 437 119,336 134, 909 124, 659 134, 654 133, 727 122, 364 139, 048 130, 491 147, 218 133, 053 119, 746 130, 215 127, 874 131, 206 131, 447 138, 460 128, 645 130,811 134, 480 124, 932 147, 020 125, 773 109, 233 123, 910 130, 119 110, 969 116, 852 117,429 111,834 105, 101 106, 271 108, 774 112,933 99, 435 91,018 103, 024 94, 505 100, 456 109, 793 115, 579 100, 436 96, 553 105, 278 104, 921 108, 947 96, 511 89, 894 93, 639 94, 206 98, 417 88, 941 77, 357 72 513 79, 169 90, 735 92, 301 98, 145 80, 625 78, 145 59 423 84, 523 64, 535 130, 391 61, 882 119 696 183, 204 149, 662 147, 918 890, 676 1, 215, 736 2, 483, 435 1, 343, 638 1, 565, 642 1, 560, 096 1, 334, 645 1, 225, 897 1, 044, 193 74, 223 101,311 206, 953 111,970 130,470 130, 008 111,220 102, 158 87, 016 1 These data represent a breakdown of the item, total paper, which appeared on p. 20 of the November issue of the Survey. Newsprint paper statistics are not included above, since the newsprint statistics on p. 50 represent a continuation of the figures of the Newsprint Service Bureau which have been printed regularly in the Survey. The computed figures on newsprint production and shipments, which are included in the total paper figures, vary slightly from those of the Newsprint Service Bureau in that the latter are not complete. Consequently, the totals for production and shipments of the separate grades of paper here shown differ from the total paper figures by the totals of the computed newsprint figures. Similarly, the statistics on p. 50 show a discrepancy between the total paper and the total of the various grades by the difference between the Newsprint Service Bureau's figures and the computed figures of newsprint. The latter can be obtained by subtracting the totals for the grades (excluding newsprint) from the figures for total paper. The figures shown above and also those on pp. 18,19, and 20 of the November 1933 issue are computed by the Survey of Current Business, Bureau of Foreign and Domestic Commerce, U.S. Department of Commerce, and supersede the prorated data shown in the Survey through the issue of October 1933, which in recent years have not shown a correct trend. Primary data used in the compilation were furnished by the Federal Trade Commission prior to June 1923, and since that date by the American Paper and Pulp Association. For production data through the year 1932 the Census Bureau's total production figures have been distributed on a monthly basis in accordance with the movement of the sample data from the above sources. For shipments it was assumed that the ratio of production to shipments was the same for the entire industry as for the sample covered by the monthly reports and the shipment figures were computed on that basis. The 1933 data are computed from the 1932 figures by using the percentage change for each month as indicated by the Association's figures, and these will be adjusted to the 1933 Census data when available. Census data for the years 1922-24 and 1926 on the paper industry are lacking, and the paper statistics for these 3 years are computed on the basis of the change indicated by the Association's data. 21 SUEVEY OF CURRENT BUSINESS December 1933 WEEKLY BUSINESS INDICATORS [Weekly average 1923-25=100] 1930 1932 1931 1933 1931 1933 1933 1930 ITEM ITEM Dec Nov. Nov Dec. Nov. Nov. Dec. Nov. Dec. Nov. Dec Nov Nov Dec Nov Nov. Dec Nov. Dec. Nov. 29 6 2 5 2 28 26 19 6 25 18 28 29 26 19 5 25 18 3 3 Business activity: Finance— Continued. Banking: New York Times *# 74.7 74.8 73.5 68.0 68.3 69.2 76.9 77.0 88.2 88.0 Business Week*t 61.7 60.7 60.6 53.5 53.1 52.1 65.8 65.9 78.3 80.4 Debits, outside N.Y.C4- 71.0 65.8 60.9 61.3 57.4 57.4 93.3 73.6 126.3 97.3 Federal Reserve reportCommodity prices, wholeing member banks :§ sale: Deposits: Dept. of Labor, 1926=100: Net demand Combined index (784) 70.7 71.0 71.7 63.6 64.0 64.2 105.5 104.7 104.3 97.2 95.7 95.9 101.0 101.1 115.2 114.9 121.9 122.9 123.6 125.0 125.3 125.6 135. 5 137.0 162.6 165.1 Time Farm products (67) _ _ 55.9 56.8 58.7 46.8 47.3 48.3 Food (122) 63.2 63.9 65.4 60.7 61.6 61.3 Loans, total 78.5 78.0 78.5 83.3 83.0 82.8 106.8 107.3 132.1 132.2 Interest rates: Fisher's index, 1926=100: 18.2 18.2 18.2 24.2 212 24.2 60.6 60.6 48.5 48.5 Call loans t Combined index (120)... 71.4 71.7 72.1 60.2 60.5 60.4 67.6 67.8 80.7 80.6 9? q 22.9 22.9 11.4 20.6 11.4 80.0 80.0 617 62.9 Time loans t . Agricultural (30) 47.8 48.3 48.9 44.2 44.3 44.2 51.6 52.2 76.9 77.5 Nonagricultural (90) _ _ 78.7 78.7 78.8 63.0 63.4 63.3 69.9 70.0 80.5 80.3 Money in circulation t--- 118.0 116.8 116.8 116.4 116.1 116.2 113.8 113.0 95.5 913 Copper, electrolytic 56.5 58.0 57.2 36.2 37.7 37.7 45.7 44.9 78.3 78.3 Production: 13.2 30.6 14.0 16.2 17.5 21.6 10.2 9.7 51.1 49.3 Automobiles Cotton, middling, spot 37.5 37.1 37.5 21.3 21.7 23.5 22.8 22.8 38.6 39.0 Bituminous coalj Iron and steel, composite. . 78.3 76.3 76.3 69.8 69.8 69.9 73.6 73.8 76.9 77.0 72.6 71.6 75.0 65.1 76.6 76.3 70.7 710 910 98.3 31 5 42 1 64.6 Electric powerf. Construction contracts J 64.8 29.6 34.2 93.3 98.5 97.0 90.6 88.5 92.0 100.3 98.0 1018 100.4 Distribution: Car-loadings... _ 51.7 60.6 62.5 57.1 51.5 59.7 66.4 58.3 82.1 73.1 71.8 78.9 79.9 514 50.1 53.5 Lumber X Petroleum^ Employment: Detroit fac100.6 103.2 110.8 102 2 100.8 101.3 117.~6 116.~2 107."6 103.~8 39.3 52 7 tory 41 6 41 2 Steel ingots 75.8 36.8 35.5 35.5 22.4 21.1 23.7 312 36.8 48.7 51.3 Receipts, primary markets: Finance: Failures, commercial 65.8 74.0 63.6 114.7 113.0 117.9 135.1 120.9 146.9 113.3 63.5 70.7 100.8 76.8 63.7 813 101 3 81.4 93.9 69.2 Cattle and calves Security prices: Hogs 58.6 83.3 95.2 81.2 56.3 73.7 131.8 813 103. 4 67.6 Cotton Bond pricesj . 89.7 88.4 88.8 86.3 87.0 87.8 90.0 92.8 106.0 106.5 161.9 176.2 180.8 205.4 173. 5 240.0 171.9 91.9 151.9 190.0 Wheat Stock pricest 85.6 87.7 84.7 519 58.0 60.0 83.1 85.5 162.2 1610 33.4 39.2 35.3 39.5 52.5 57.0 39.0 518 39.9 40.3 ^Computed normal=100. fLatest week is preliminary. fWeekly average, 1928-30=100. XAverage same week, 1930-32=100. JDaily average. #lndex revised. See weekly supplement of June 1,1933, for explanation. §1933 indexes are based on reports from 90 cities; earlier data cover 101 cities. WEEKLY BUSINESS STATISTICS 1933 ITEM COMMODITY PRICES, WHOLESALE Copper, electrolytic, New York dolls. perlb__ Cotton, middling, spot, New York.. dolls, per lb.. Food index (Bradstreet's) dolls, per lb_. Iron and steel composite dolls, per ton-Wheat, No. 2 hard winter (K.C.) dolls, per bu_. Banking: FINANCE Debits, New York City mills, of dolls Debits, outside New York City mills, of dolls. . Federal Reserve banks: Reserve bank credit, total mills. of dolls.. Bills bought mills of dolls Bills discounted mills, of dolls U.S. Government securities - -mills, of dolls.. Federal Reserve reporting member banks :§ Deposits, net demand - mills, of dolls.. Deposits, time mills, of dolls ._ Investments, total _ mills, of dolls U.S. Government securities mills, of dolls.. Loans, total mills, of dolls On securities .. ,. - .mills, of dolls .. All other mills, of dolls.. Interest rates, call loans percent ._ Interest rates, time loans -.percent.. Exchange rates: French franc (daily av.) ._ cents.. Pound sterling (daily av.) .dollars.. Failures commercial number Gold and money: Gold price -. dolls, per ounce. _ Money in circulation ..mills, of dolls.. Security markets: Bond sales, N.Y.S.E thous. of dolls, par value. . Bond prices, 40 corporate issues dollars Stock sales, N.Y.S.E . . - _thous. of shares . Stock prices (N.Y. Times) dolls, per share.. Stock prices (421) (Standard Statistics) 1926=100.. Industrial (351) . . 1926=100 Public utilities (37) 1926=100 Railroads (33) _._ 1926= 100. . PRODUCTION, CONSTRUCTION, AND Production: DISTRIBUTION Automobiles (Cram's estimate) number-Bituminous coal (daily av.) thous. of short tons.. Electric power _ mills, of kw-hr Petroleum thous. of bbl_. Steel ingots (Dow- Jones estimate) ._ pet. of capacity. . Construction-contract awards (da. av.)_thous. of dolls.. Distribution: Exports: Corn thous. of bu._ Wheat thous. of bu Wheat flour thous of bbl Freight-car loadings, total cars Coal and coke _ cars Forest products cars Grain and products cars Livestock . . _cars _ Merchandise, l.c 1 cars Ore cars_. Miscellaneous . cars Receipts: Cattle and calves _ thousands Hogs _--thousands_. Cotton into sight thous of bales Wheat at primary markets thous. of bu._ Wool, at Boston, total thous. of lb.. Dec. 2 1931 1932 1930 1929 j Nov. 25 Nov. 18 0.078 .102 1.93 32.42 .80 0.080 .101 1.96 31.59 .84 0.079 .102 2.00 31.59 .87 0.050 .058 1.72 28.91 .42 0.052 .059 1.71 28.91 .41 0.063 .062 2.05 30.47 .54 0.062 .062 2.07 30.55 .54 0.108 .105 2.60 31.84 .71 0.108 .106 2.61 31.86 .70 0.178 .175 3.17 35.97 1.25 0.178 .174 3.14 35.97 1.21 2,840 2,747 3,096 3,052 3,177 2,825 2,329 2,368 2,187 2,664 3,744 3,606 3,375 3,414 5,569 4,881 5,036 4,514 7,479 5,787 10, 327 5,913 2,581 24 119 2,432 2,562 20 112 2,431 2,564 15 111 2,432 2,202 35 309 1,851 2,201 35 308 1,851 1,905 423 718 717 1,941 480 686 727 1,108 219 251 602 1,028 176 234 596 1,541 257 872 355 1,522 257 912 ' 326 10, 757 4,410 8,104 5,114 8,568 3,569 4,999 .75 1.00 10, 676 4,445 8,111 5,111 8,508 3,549 4,959 .75 1.00 10, 629 4,472 8,124 5,138 8,557 3,557 5,000 .75 1.00 11, 041 4,633 7,988 4,973 8,982 3,764 5,218 1.00 .50 10, 856 4,648 7,659 4,961 8,943 3,735 5,208 1.00 .90 2.50 3.50 2.50 3.50 2.00 2.83 2.00 2.75 4.50 4.75 4.50 5.00 6.135 5.16 268 6.349 5.30 301 6.452 5.31 259 3.908 3.19 467 3.913 3.25 460 3.912 3.35 550 3.927 3.62 492 3.929 4.86 598 3.928 4.86 461 3.939 4.88 455 3.939 4.88 371 33. 91 5,731 33.74 5,672 33. 54 5,673 20.67 5,654 20.67 5,635 5,528 5,486 4,638 4,580 4,897 4,860 47, 200 80.29 4,467 83.09 70.5 78.7 70.0 38.5 69, 600 79.18 8,533 85. 13 71.7 80.4 69.2 39.6 86, 400 79.51 10, 094 82.26 68.9 76.6 69.2 37.5 41, 800 77.27 4,003 53.31 45.8 43.5 76.2 24.3 31,900 77.94 3,727 56.33 47.8 45.6 78.7 25.6 66, 900 80.63 10, 515 80.74 63.4 60.1 103.5 36.2 46, 367 83.08 6,849 83.06 63.4 60.1 103.5 36.2 49, 344 94.92 7,805 157. 56 110.5 103. 6 157.7 93.8 40, 969 95. 40 8,175 159. 27 117.1 109.6 166.7 100.4 85, 299 94.42 22, 854 210. 09 158.6 150. 8 212.5 138.1 54, 075 93. 93 8,087 201.76 152.5 145.5 198.2 136.8 10, 041 1,237 1,554 2,095 28 10, 404 23, 326 1,215 1, 608 2,254 27 4,759 10, 655 1,278 1,617 2,307 27 5,488 12, 398 1,125 1,510 2,128 17 13, 389 1,305 1,475 2,099 16 5,035 7,745 1,204 1,671 2,450 26 7,375 1,261 1,600 2,420 28 6 754 38, 981 1,622 1,746 2,229 37 37, 607 1,674 1,672 2, 266 39 10, 380 31, 255 1,990 1,806 2,631 64 28, 079 1,957 1,718 2,638 67 17, 092 482 543 52 495,425 108, 465 20, 758 26, 361 14,376 141,196 2,835 181,440 225 297 33 581, 347 133, 962 22, 855 31,998 17, 584 164, 649 4,050 205, 794 355 78 35 599, 289 143, 175 24, 007 32, 452 22, 383 165, 174 4,611 207, 487 132 858 73 547, 095 126, 448 16, 663 31,692 20, 140 168, 699 1,511 181, 942 531 888 48 493, 318 119,992 14, 757 26, 663 17, 102 146, 751 1,727 166, 326 24 1,469 211 636, 366 136, 595 20, 302 32, 659 27, 276 202, 573 3,406 213, 555 110 1,754 100 558, 798 109, 202 19, 835 29, 592 23, 563 177, 033 4,190 195, 393 4 1,214 126 787, 072 185, 494 34, 977 40, 095 27, 610 223, 047 6,063 269, 786 0 99 283 701, 050 155, 591 32, 095 33, 633 23, 760 194, 759 5,773 255, 439 199 2,509 269 933, 309 224, 230 52, 927 48, 000 31, 269 247, 465 8,808 320, 610 64 1,465 169 836, 310 188, 335 48, 611 38, 716 25, 769 220, 000 9, 438 305, 441 196 278 421 2,658 9,818 218 537 458 3,117 1,082 311 614 470 2,807 1,709 237 524 534 3,145 4,858 212 363 464 4,179 482 312 850 447 3,104 897 251 543 499 4,359 756 304 667 395 3,172 4,823 213 436 494 3,205 734 288 763 425 4,788 1,252 236 583 439 4,234 3,008 Dec. 3 Nov. 26 Dec. 5 Nov. 28 Dec. 6 Nov. 29 Dec. 7 Nov. 30 22 SURVEY OF CURRENT BUSINESS December 1933 Monthly Business Statistics The following summary shows the trend of industrial, commercial, and financial statistics for the past 13 months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and similar information, if published, will be found in the places noted at the bottom of each page. Later data will be found in the Weekly Supplement to the Survey. 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January » March in the 1932 Annual Supplement to the Survey October October November ber 1933 April ! May June August September BUSINESS INDEXES BUSINESS ACTIVITY ( Annalist)! 64.1 72.5 83.4 58.5 65.4 Combined index . _ normal = 100 64.7 64.8 63.1 61.7 72.9 47.9 63.6 27.0 40.9 17.5 28.2 52. 8 47.7 Automobile production normal = 100_ 31.7 51.3 128.2 135.2 104.6 94.6 Boot and shoe production normal = 100. _ 90.1 106.7 100.3 88.8 93.5 101.3 55.2 61.4 58.4 51.4 57.0 Carloadings, freight normal = 100 57.6 58.9 56.5 55.3 59.0 40.2 49.2 36.0 34.8 52.3 36.9 Cement production normal = 100 46.9 41.5 36.7 31.5 112.3 140.3 83.8 92.4 84.2 82.9 80.2 81.1 Cotton consumption ... _. _ normal = 100. 90.4 90.3 87.4 84.0 93.0 85.4 85.2 82.3 80.0 Electric power production normal = 100. . 91.4 84.7 82.6 35.2 47.1 59.5 38.8 Lumber production __ normal = 100 _ 39.3 34.6 37.0 40.7 34.0 56.7 19.5 43.1 23.2 16.8 27.8 Pig-iron production normal = 100. _ 22.7 19.8 20.1 45.0 19.8 91.4 105.4 73.2 83.6 57.4 64.0 Silk consumption. normal = 100 _ 95.0 78.5 78.5 49.6 33.1 47.9 69.3 29.2 29.2 26.5 28.2 19.5 Steel-ingot production normal = 100 25.5 54.9 146.5 52.4 68.8 114.6 Wool consumption - normal = 100 86.5 83.0 82.5 74.0 72.0 42.4 51.3 42.7 Zinc production _. normal = 100.. 31.5 37.2 40.5 36.7 40.5 71.2 33.3 INDUSTRIAL PRODUCTION (F.R.B.) 80 67 91 64 64 Total, unadjusted 1923-25 = 100 60 79 68 65 60 68 80 93 Manufactures unadjusted. 1923-25= 100.. 58 63 63 67 63 58 77 64 57 75 33 Automobiles 1923-25 = 100 41 32 15 40 35 18 34 50 64 29 Cement - 1923-35 = 100 34 24 63 23 40 53 99 98 99 90 Food products 1923-25=100 94 89 89 86 86 87 61 96 120 59 Glass plate 1923-25=100 54 78 68 73 50 57 53 72 39 Iron and steel 1923-25 — 100 24 29 33 25 59 30 29 91 101 110 87 Leather and shoes § 1923-25=100 102 80 93 73 100 85 32 40 Lumber .. 1923-25=100 23 26 34 25 20 20 23 20 *94 *102 88 Paper and printing 1923-25=100 94 82 »84 81 89 J>86 147 153 140 132 Petroleum refining _ .1923-25 = 100 132 132 135 137 138 118 139 54 45 76 Rubber tires and tubes 1923-25 = 100 60 55 46 58 112 31 31 20 64 Shipbuilding - 1923-25=100 158 119 60 129 108 126 88 Textiles 1923-25=100 102 92 78 95 88 95 86 145 147 94 107 Tobacco manufactures 1923-25=100.. 112 104 91 107 116 106 76 82 74 65 Minerals, unadjusted 1923-25 = 100 72 71 76 80 88 78 43 57 45 63 Anthracite 1923-25=100 74 57 71 79 67 68 50 57 51 46 Bituminous coal .. 1923-25=100 74 74 63 70 67 67 21 30 Iron ore shipments 1923-25 = 100 22 6 108 36 42 45 41 46 Lead - 1923-25=100 39 47 39 46 66 136 137 108 Petroleum, crude 1923-25 = 100 102 120 105 93 108 120 •105 29 23 36 Silver . 1923-25=100 33 48 36 30 36 39 46 53 47 41 32 46 46 Zinc . 1923-25 = 100 40 75 35 92 78 66 60 Total adjusted 1923-25—100 63 67 65 66 65 77 78 93 66 56 Manufactures, adjusted 1923-25=100.. 64 66 63 64 61 77 51 44 66 27 48 33 Automobiles -- 1923-25=100 16 31 60 46 42 51 35 40 41 Cement .. 1923-25=100 43 35 55 53 38 99 101 100 84 84 Food products ..1923-25=100 84 88 89 85 83 88 55 118 54 Glass, plate ... 1923-25 = 100 73 50 72 88 63 59 72 49 22 35 31 Iron and steel - .1923-25=100 31 30 61 31 28 114 110 84 93 92 Leather and shoes § 1923-25—100 85 91 89 86 93 24 30 22 38 Lumber _ 1923-25=100 20 24 21 23 26 33 *92 J>82 *85 »101 Paper and printing 1923-25=100 J>84 *84 91 86 87 154 147 140 135 Petroleum refining 1923-25=100 132 132 132 137 138 94 41 115 65 54 Rubber tires and tubes 1923-25=100.. 59 73 67 68 32 25 16 144 91 Shipbuilding 1923-25-100 181 216 136 78 108 85 133 76 92 83 Textiles ... . 1923-25 = 100 92 91 87 99 143 135 116 99 Tobacco manufactures 1923-25=100 104 112 115 104 113 108 78 84 72 81 Minerals, adjusted . . 1923-25 = 100 74 75 76 73 79 81 43 44 65 64 Anthracite 1923-25 = 100 77 75 53 61 65 55 57 64 55 51 Bituminous coal .. 1923-25=100 63 66 61 67 66 57 14 15 Iron ore shipments . . 1923-25=100 63 13 7 41 37 45 45 40 Lead. ._ ..1923-25 = 100 64 39 45 38 45 134 134 122 108 110 Petroleum, crude 1923-25=100 96 107 103 106 119 30 24 44 36 Silver 1923-25 = 100 36 30 30 36 37 45 55 44 45 43 Zinc 1923-25=100.. 39 39 33 77 35 INDUSTRIAL CONSUMPTION OF ELECTRICAL ENERGY Consumption by geographic sections: 104.5 84.4 92.9 75.3 79.4 81.9 85.8 Total, United States 1923-25=100 85.1 87.7 101.5 97.3 86.3 108.8 80.8 91.8 83.3 85.7 Middle Atlantic 1923-25 = 100.. 86.8 91.3 113.7 85.7 104.7 70.2 73.8 75.2 79.8 New England 1923-25 = 100. . 105.0 90.2 75.5 84.0 89.1 97.8 72.1 76.3 80.5 67.8 79.8 75.4 North Central 1923-25—100 95.3 78.5 103.9 121.3 85.9 99.8 94.1 90.1 99.3 104.4 Southern 1923-25= 100- . 112.5 103.8 103.2 107.0 111.6 95.8 100.0 102.0 Western 1923-25=100 101.3 93.8 96.8 112.7 Consumption by industries: 92.9 104.5 84.4 75.3 Total, all industries ... 1923-25=100 79.4 81.9 85.8 85.1 87.7 101.5 Automobiles, including parts and acces65.5 58.9 59.2 61.2 54.8 56.2 42.6 37.7 sories 1923-25 = 100.. 47.3 51.1 Chemicals and allied products 127.1 135.7 121.0 115.6 126.0 130.0 124.3 1923-25=100-. 129.0 130.1 158.9 126.2 136.0 101.5 119.7 Food products 1923-25 = 100.. 120.3 107.5 112.5 118.3 121.3 103.2 100.2 93.5 81.4 82.5 95.0 95.4 83.6 93.7 Leather and products 1923-25 = 100. . 90.6 79.8 98.3 91.3 90.4 89.5 96.2 91.0 84.7 88.5 Lumber and products 1923-25=100.. 83.5 98.5 0 Revised, f Revised series. For earlier data see p. 19 of the October 193S issue, T § Series revised. Earlier data will be showii in a sub sequent is sue. Re^ isions di(1 not charige the co mbined irid exes except for a f ew montt s slight amount. * Preliminary. July "83.6 «64.6 116.0 62.3 47.5 121.3 «94.6 72.5 64.9 71.3 75.9 120.3 70.2 "76.4 °60. 7 97.6 60.6 34.4 97.6 °92.6 56.7 54.7 52.0 62.9 105.2 71.0 96 97 73 68 97 148 93 114 45 97 154 140 28 121 126 89 55 69 81 34 135 29 66 100 101 70 56 100 150 100 116 46 *104 155 143 19 130 117 90 67 76 40 36 132 34 71 90 89 67 65 87 137 79 •113 49 98 153 110 22 *108 131 94 61 74 117 35 136 28 77 91 91 61 50 95 135 80 •102 46 J> 102 153 111 15 114 123 91 61 75 57 36 134 28 85 84 62 46 99 113 65 «106 37 *102 157 98 20 99 128 «93 75 69 131 54 •129 37 73 84 83 56 37 105 112 66 « 92 36 P 101 157 103 20 99 115 «87 74 65 68 57 •125 39 77 112. 9 119.3 110.1 107.8 125.7 118.3 106.2 114.4 108.1 101.5 114.8 111.7 • 107. 7 • 116.4 « 110. 4 112.9 106.2 • 107. 7 66.6 63.7 61.8 152.0 149.8 102.7 102.0 152.5 133. 3 101.2 99.7 « 159. 6 •137.0 « 92. 4 « 100. 8 "89.5 67.8 133.0 66.2 56.2 138.3 "96.9 71.1 64.4 85.2 92.7 144.0 66.4 a • 104. 1 • 121. 3 •112.8 and in 1 hese instemces by a 23 SURVEY OF CURRENT BUSINESS December 1933 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January Februin the 1932 Annual Supplement to the Survey October October Novemary ber ber 1933 March April May June July August September BUSINESS INDEXES—Continued INDUSTRIAL CONSUMPTION OF ELECTRICAL ENERGY— Continued Consumption by industries — Continued. Metals group 1923-25=100 Electrical apparatus 1923-25 = 100 Metal- working plants 1923-25=100 Rolling mills and steel plants 1923-25 = 100.. Paper and pulp 1923-25=100 Rubber and products 1923-25 = 100 Shipbuilding 1923-25 = 100. Stone clay, and glass 1923-25=100 Textiles 1923-25 = 100 0 80 7 111.7 79.0 54 8 80 9 53.0 57 5 85 6 56. 1 54 0 76 0 52 7 58 4 74 0 52 8 64 2 83 3 58 4 50 5 75 0 50 5 58 0 89 4 55 3 65 5 104. 1 63.7 75 3 106 9 72 6 85 3 114 0 79 6 80 7 108 4 76 4 83.5 134 5 113.8 82.0 88.8 106.9 53.8 111 3 86.5 72.3 84 3 94.8 56.6 113 6 93 0 84.0 81 9 93.0 53.3 98 8 77 2 84.0 56 2 86 5 54.7 104 4 85 2 83.5 58 5 85 0 60.6 111 0 91 0 89.2 67 2 84 1 50.5 95 2 68 0 71 5 68 8 79 0 62.3 102 3 82 0 73 0 74 5 86 0 68.8 112 0 124 5 71.3 90 0 96.4 79.8 126 5 146 4 75 7 102 0 118 2 95.0 130 2 157 0 75 7 113 5 121 3 88.3 130 0 143 5 80 0 105 1 110 3 1923-25 = 100_. 1923-25=100.. 1923-25=100. 1923-25=100 1923-25 = 100. . .1923-25 = 100.. 1923-25=100 1923-25=100. ...1923-25=100.. 1923-25=100.. - .1923-25=100.. 1923-25=100.. 1923-25 = 100 1923-25=100.. 1923-25=100 ..1923-25 = 100.. 126 87 102 87 70 115 166 288 106 77 108 123 83 82 84 75 128 165 271 142 87 87 56 27 53 78 84 108 84 84 74 117 84 133 246 77 54 70 51 40 47 77 92 82 81 87 68 119 38 84 136 63 45 61 47 45 42 70 90 76 81 101 75 88 60 70 94 68 43 75 51 44 47 32 91 61 69 89 63 76 63 52 53 65 38 76 51 37 48 23 88 66 76 102 63 104 30 55 49 65 40 105 54 35 50 33 101 73 86 97 68 137 49 60 49 74 60 83 57 25 53 69 98 92 103 131 79 153 131 81 60 111 90 86 63 27 57 122 113 91 102 144 79 108 399 81 62 65 100 103 66 27 60 135 111 91 95 130 73 84 534 87 62 73 131 51 65 30 63 135 79 85 100 126 92 76 344 69 69 72 76 49 118 111 109 124 66 167 126 194 92 79 89 30 63 125 34 55 101 Domestic stocks 1923-25=100. Manufactured goods. 1923-25=100.. Chemicals and allied prod.. .1923-25 =100.. Food products . 1923-25=100.. Forest products 1923-25 = 100. _ Iron and steel products 1923-25=100.. Leather . . .1923-25=100.. Metals, nonferrous 1923-25=100.. Paper, newsprint 1923-25=100.. Rubber products . .1923-25=100.. Stone, clay, and glass 1923-25=100.. Textiles 1923-25=100.. Raw materials . .1923-25=1 00. . Chemicals and allied prod... 1923-25 =100.. Foodstuffs. 1923-25=100.. Metals .. ... 1923-25 =100.. Textile materials 1923-25 = 100. . World stocks— foodstuffs and raw materials: Total 1923-25=100.. Coffee— adj. for seasonal 1923-25= 100. _ Cotton—adj. for seasonal 1923-25=100.. Rubber— adj. for seasonal 1923-25= 100. _ Silk— adj. for seasonal 1923-25= 100. _ Sugar — adj. for seasonal 1923-25=100 Tea— adj. for seasonal 1923-25=100.. Tin— unadjusted 1923-25 = 100. . Wheat— adj. for seasonal ..1923-25=100. 166 107 121 102 113 99 82 150 73 94 150 155 208 116 223 122 270 155 98 122 73 99 87 83 192 125 76 139 77 196 122 195 116 263 157 98 121 67 103 85 85 191 117 82 146 82 199 122 185 106 287 153 96 121 66 108 81 83 193 83 81 159 76 193 117 177 109 282 149 97 122 69 107 80 85 196 90 78 160 74 186 112 169 95 277 143 97 120 69 105 85 82 200 89 80 163 77 o 177 104 164 86 259 139 97 123 69 103 85 81 206 88 80 164 81 169 99 163 82 * 240 133 95 119 69 101 82 83 207 81 76 159 81 161 93 160 78 225 133 97 112 79 101 87 82 201 90 77 155 79 159 90 171 84 206 134 101 107 109 94 104 81 185 84 74 154 105 159 87 189 84 183 140 104 109 121 100 101 82 167 74 77 153 123 167 85 216 92 « 175 142 108 112 126 109 99 81 154 82 80 167 123 a 153 a 109 256 429 221 330 186 310 141 226 207 260 434 239 328 188 306 153 228 204 262 426 229 330 193 314 155 220 217 263 402 229 326 206 312 145 212 236 259 394 212 328 220 331 147 207 220 261 375 231 330 217 326 158 209 208 267 362 236 331 225 348 167 204 208 269 343 255 326 217 344 171 201 208 267 340 247 353 242 317 164 192 219 266 344 245 357 216 308 159 183 232 83 8 115 2 80 6 0 « 89. 3 0 139 5 o 131 83 o IQO a 109 o 5 4 2 MARKETINGS Agricultural products*. Animal products. . Dairy products Livestock Poultry and eggs Wool . . Crops Cotton Fruits Grains Vegetables Forest products D istilled wood Lumber Naval stores Pulp wood 42 59 97 STOCKS 343 225 336 148 134 a a gg 89 213 103 174 162 « 151 185 « 104 « 216 113 215 330 253 342 327 242 342 294 151 161 233 274 148 145 233- a 157 0 « 120 o 119 110 100 82 153 73 COMMODITY PRICES COST OF LIVING (N.I.C.B.) Total, all groups Clothing Food . Fuel and light .. ... Housing Sundries . 1923 = 100.. 1923 = 100 . 1923 = 100 1923 = 100. _ 1923 = 100 1923 = 100-. 78.0 77.7 73 4 87.0 63 2 91.4 76.1 64.4 68.7 86.3 69 6 91.4 75.6 64.0 68 0 86. 5 68 7 91.5 75.1 63.5 67 6 86 3 67 5 91 3 73.7 62.6 64 9 86 0 66 4 90 7 72.1 61 8 62 2 85 9 65 4 89 4 71.8 61 2 61 9 85 8 64 6 89 4 71.5 60 7 61 9 84 6 64 0 89 3 72.1 60 7 64 1 82 8 63 5 89 4 72.8 61 6 66 2 82 2 63 4 89 3 75.2 63 9 71 7 82 6 63 2 90 3 76.9 70 0 73 0 84 3 63 2 91 8 77.9 75 6 73 2 85 9 63 6 92 3 70 71 78 86 68 63 94 56 56 51 68 59 36 60 102 44 54 47 68 57 34 57 115 43 52 43 69 59 33 52 121 45 51 45 68 59 34 51 96 46 49 44 62 57 34 53 57 44 50 48 59 60 36 56 54 43 53 49 59 66 47 57 56 44 62 65 63 68 62 65 62 47 64 69 65 74 63 66 55 48 76 84 71 103 94 66 67 51 72 71 72 120 81 63 67 54 70 69 76 101 78 62 77 53 FARM PRICES (Dept. of Agri.) § Total all groups 1909-14 = 100 Cotton and cottonseed . .1909-14=100 Dairy products * 1909-14 = 100 Fruits and vegetables 1909-14—100 Grains 1909-14=100 Meat animals .. 1909-14=100 Poultry products *._ . . . .1909-14=100.. Unclassified 1909-14 = 100 RETAIL PRICES Department of Labor indexes: Coal 1913-100 172 172 167 173 172 171 170 164 152 155 155 160 166 Food 1913 = 100.. 100 99 107 99 95 91 91 90 94 105 97 107 107 a Revised. * New series. See p. 18 of the March 1933 issue (marketings) and p. 20 of May 1933 issue (prices). § Data for Nov. 15: Total, 71, cotton and cottonseed 76, dairy products 78, fruits and vegetables 81, grain 74, meat animals 59, poultry products 105, unclassified 62. 24 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, 1933 1933 together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January in the 1932 Annual Supplement to the Survey ber ber December 1933 1933 Febru- ary March April May June August September July COMMODITY PRICES—Continued RETAIL PRICES-Continued Fairchild index: Combined index* Dec. 1930=100 Apparel: Infants' wear* Dec 1930 = 100 Men's* Dec. 1930 = 100 Women's* Dec 1930-100 Home furnishings* Dec 1930 = 100 Piece goods* Dec. 1930 = 100 WHOLESALE PRICES Department of Labor index: Combined index (784) _ 1926 = 100 Economic classes: Finished products _ 1926 = 100 Raw materials _ .1926=100 Semimanufactures 1926 = 100.. Farm products . _ 1926 = 100 Grains— 1926 = 100 . Livestock and poultry 1926 = 100 .. Foods... . 1926 = 100 Dairy products 1926 = 100 Fruits and vegetables 1926 = 100. _ Meats _. . . 1926 = 100 Other products 1926 = 100 Building materials 1926 = 100 Brick and tile.. 1926 = 100 Cement 1926 = 100 Lumber . .. 1926 = 100 Chemicals and drugs 1926= 100. . Chemicals 1926 = 100 Drugs and Pharmaceuticals. 1926= 100. _ Fertilizer materials.. 1926 = 100 Fuel and lighting 1926=100 Electricity 1926 = 100.. Gas 1926 = 100.. Petroleum products . 1926=100 Hides and leather 1926 — 100 Boots and shoes 1926=100 Hides and skins 1926=100 Leather 1926 = 100._ House furnishing goods 1926=100.. Furniture - 1926=100 Furnishings 1926-100 Metals and metal products. __ 1926 =100.. Iron and steel 1926=100 Metals, nonferrous 1926 =100 Plumbing and heating equipment 1926 = 100 Textile products 1926=100 Clothing . 1926=100 Cotton goods 1926=100 Knit goods 1926 = 100.. Silk and rayon _ 1926=100 Woolens and worsted 1926=100.. Miscellaneous 1926=100 Auto tires and tubes 1926=100.. Paper and pulp 1926 = 100 . Other wholesale price indexes: Bradstreet's (96) 1926=100 Dun's (300) 1926 = 100 World prices, foodstuffs and raw materials: Combined index* .. 1923-25=100 _ Coffee* 1923-25 = 100 Copper* . - . 1923-25 = 100 Cotton* 1923-25=100 Rubber* 1923-25 = 100 Silk* 1923-25-100 Su°-fir* 1923-25-100 Tea* 1923-25-100 Tin* 1923-25 = 100 Wheat* 1923-25=100.. Wholesale prices, actual. (See under respective commodities.) PURCHASING POWER OF THE DOLLAR Wholesale prices* - _ 1923-25 = 100 Retail prices* 1923-25—100 Farm prices* 1923-25 = 100 Cost of living* 1923-25 — 100 87.1 73.3 72.6 71.8 71.1 69.9 69.7 69.4 70.4 72.3 76.1 82.5 86.0 91.3 85.6 90 5 85.0 82.8 77.2 74.5 75.4 74.2 70.9 76.9 73.9 74.3 74.0 70.3 77.1 73.0 74. 1 73.0 69.6 77.2 72.4 72.7 72.5 67.7 76.7 71.6 71.9 71.5 66.1 76.4 71.2 71.7 70.9 65.8 76.4 70.7 71.8 70.2 65.1 77.5 71.0 72.3 71.1 67.2 78.7 71.8 73.7 72.8 69.6 80.7 75.1 78.2 77.8 74.8 85.4 80.4 85.7 81.7 80.2 91.2 82.9 89.3 83.7 81.8 71.2 64.4 63.9 62.6 61.0 59.8 60.2 60.4 62.7 65.0 68.9 69.5 70.8 75.4 61.8 72.8 55.7 58.2 45.4 64.2 66.0 62.5 51.0 77.2 83.9 84.6 91.2 84.2 72.7 78.6 56.8 67.6 73.6 52.~7~ 89.0 98.9 71.2 83.2 81.2 79.8 82.8 83.0 82.4 67.0 69.6 54.6 60.7 46.9 34.4 45.0 60.5 60.5 52.2 56.4 70.2 70.7 75.3 79.0 56.6 72.7 79.8 55.9 63.4 71.1 104.6 104.4 47.4 72.8 84.6 49.6 64.1 73.7 72.8 74.7 80.3 80.4 50.7 69.3 54.2 58.9 46.7 33.2 41.9 60.6 62.3 52.4 53.7 69.8 70.7 75.4 79.0 56.6 72.4 79.7 55.0 63.5 71.4 103.1 100.0 48.2 71.4 84.2 46.1 61.9 73.7 72.7 74.7 79.6 79.4 49.1 68.4 52.1 57.7 44.1 31.7 38.7 58.3 59.5 52.8 49.4 69.0 70.8 75.1 81.1 56.5 72.3 79.7 54.7 63.1 69.3 104.1 96.5 45.0 69.6 83.8 41.7 59.2 73.6 72.7 74.7 79.4 78.8 48.3 66.7 50.2 56.9 42.6 32.9 37.8 55.8 55.2 53.0 49.5 67.3 70.1 74.9 81.2 55.9 71.6 79.3 54.9 62.3 66.0 103.2 96.7 38.7 68.9 83.3 43.0 57.1 72.9 72.3 73.5 78.2 78.5 46.4 65.7 48.4 56.3 40.9 32.7 40.1 53.7 52.4 52.4 50.2 66.0 69.8 75.1 81.8 56.4 71.3 79.0 54.8 61.5 63.6 102.9 96.6 34.3 68.0 83.3 40.9 55.3 72.3 71.9 72.9 77.4 77.3 46.2 65.7 49.4 56.9 42.8 36.0 43.0 54.6 50.9 54.3 50.5 65.8 70.3 74.9 81.8 57.8 71.2 79.3 54.8 61.9 62.9 100.5 96.6 33.1 68.1 83.2 41.4 55.6 72.2 71.8 72.9 77.2 76.4 47.9 65.7 50.0 57.3 44.5 44.8 41.0 56.1 53.1 57.8 50.3 65.3 70.2 75.0 81.8 57.9 71.4 79.5 54.6 62.9 61.5 98.3 97.5 32.5 69.4 83.2 45.8 57.2 71.5 71.5 71.7 76.9 75.7 49.2 67.2 53.7 61.3 50.2 52.8 46.8 59.4 58.8 58.8 52.3 66.5 71.4 75.2 81.8 59.6 73.2 80.9 55.0 66.8 60.4 94.6 103.3 31.2 76.9 83.6 67.3 68.3 71.7 71.6 72 0 77.7 75.2 56.6 69.0 56.2 65.3 53.2 57.4 46.6 61.2 63.1 63.9 52.4 68.9 74.7 77.0 81.8 67.4 73.7 81.5 55.5 68.0 61.5 91.4 101.7 34.4 82.4 85.5 81.4 74.3 73.4 73.4 73.6 79.3 76.2 63.2 72.2 61.8 69.1 60.1 73.4 47.4 65.5 66.1 75.6 50.8 72.2 79.5 78.2 88.2 75.9 73.2 80.3 56.8 68.6 65.3 89.4 100.2 41.3 86.3 88.3 88.7 78.0 74.8 74.6 75.1 80.6 77.7 67.6 73.4 60.6 71.7 57.6 64.6 45.9 64.8 65.7 71.1 51.0 74.1 81.3 81.5 90.3 79.4 73.1 79.6 57.6 69.0 65.5 88.8 99.5 40.9 91.7 96.1 91.5 82.5 77.6 76.8 78.6 81.2 78.6 68.2 74.8 61.7 72.9 57.0 63.9 46.7 64.9 65.8 66.8 51.5 76.1 82.7 82.6 90.8 82.0 72.7 78.8 56.8 66.6 70.4 90.4 101.5 49.6 92.3 98.9 84.1 85.4 79.3 78.4 80.5 82.1 80.3 68.5 74.7 77.1 84.8 88.8 74.7 32.0 84.5 65.3 43.2 82.4 67.5 55.0 62.5 56.2 50.9 30.8 56.5 64.1 44.6 73.4 67.5 53.9 62.2 53.6 51.0 29.5 55.3 63.7 44.6 73.4 67.5 53.0 62.5 51.7 49.3 29.3 54.2 63.4 44.6 73.0 62.8 51.9 61.9 50.1 48.4 27.0 53.4 61.2 44.6 72.0 59.4 51.2 61.2 49.1 48.3 25.6 53.2 59.2 42.6 72.1 59.4 51.3 61.3 50.0 47.1 25.5 53.2 58.9 41.3 72.2 59.4 51.8 61.4 50.7 47.2 26.3 53.3 57.8 37.4 70.6 61.3 55.9 61.9 57.9 48.0 29.1 61.5 58 9 37.6 70.7 67.4 61.5 64.5 67.1 50.9 35.2 68.8 60 8 40.1 73.5 69.4 68.0 70.6 80.2 55.2 37.9 72.3 64.0 41.4 78.1 70.3 74.6 74.4 93.5 69.4 34.6 78.9 65.4 43.2 81.0 74.7 76.9 81.1 91.3 74.8 34.5 82.7 65. 1 43.2 82.2 68.5 85. 1 53.9 71 4 53.3 71.0 52.6 69.0 50.6 68.1 49.2 67.7 50.6 68.0 54.1 70.8 62.1 74 2 64.5 79 1 69.7 82.8 69.6 85.0 70.0 86.2 37.6 44.5 57.5 35 7 17.9 23 0 33 7 72 8 95.3 34.8 30.1 62 8 41 4 24 3 8.5 23 4 28 2 36 3 47 6 35.0 27.8 52.4 37.1 22.8 8.1 21 8 26.4 33 6 46.4 33.1 25.7 51.9 34.8 21.7 7.7 21 7 20 9 28 0 45. 1 31.2 25.1 48 4 34.6 22 8 7.2 18 2 18 0 29 2 45.2 32.0 24.9 47.0 34.6 22.4 6.9 16.8 18.5 40.0 46.7 30.0 27.0 47.0 36.2 48.4 30.1 28.6 44.5 39.0 25.4 8.3 18 5 27.9 38 1 54.0 32.9 34.2 46 5 48.4 31.6 11.6 22 2 32.7 39 6 71.4 38.8 37.6 45 5 56.2 35.3 14.4 30 1 34 7 42 3 87.9 39.9 42.8 45.5 62.5 39.7 18.8 31 8 38.4 52 1 92.3 50.3 39.7 45.0 63.4 35.3 17.1 26 3 36.9 63 2 89.0 42.8 41.5 45.0 63.3 35.7 17.0 26 4 39.9 77. 1 92.8 46.3 141.4 139 7 197.2 130 5 156 3 149 3 246.3 133 7 157. 5 150 6 255. 8 134 6 160 8 151 7 265.3 135 5 165.0 158 0 270.3 138 1 168.4 164. 7 281.7 141 2 167.2 165.6 276.2 141 8 166.7 165.8 260.4 142 5 160.5 159 7 222.7 141 2 155.0 154 8 215.5 139 9 146.2 142 9 181.5 135 3 144.9 140 4 191.6 132 5 142.2 140.1 197.2 130 7 19 21 24 25 13 21 13 13 24 13 * 30 12 30 12 0 8, 186 !05 989 0 7, 596 0120 249 25.7 7.0 16 5 23.9 39 8 CONSTRUCTION AND REAL ESTATE CONSTRUCTION CONTRACTS AWARDED Contracts awarded, F.R.B.: Total, unadjusted .1923-25 = 100 33 12 Residential 1923-25 = 100.. 35 Total, adjusted 1923-24 = 100.. 12 Residential 1923-24 — 100 F. W. Dodge Corporation (37 States): Total, all types: Projects . numbar 7,476 Valuation thous of dolls 145 367 Nonrasidential buildings: § Projects ._ .. numbsr 2 387 Floor space thous. of sq. ft._ 8,330 Valuation thous. of dolls.. 31.117 28 24 22 18 16 14 12 29 12 10 27 10 8 28 9 7 22 8 7 19 8 8 14 8 11 14 10 6,483 107 274 5,266 105 302 4,205 81 219 3,800 83 356 3,884 52 712 6,303 59 959 1,792 4,912 26,917 1,582 6,036 31,845 1,363 3,331 24, 945 1,466 4,460 28, 732 1,532 4,085 23, 670 2,254 5,000 26, 359 16 13 16 11 14 18 13 7,254 56 573 9,409 77, 172 9,186 102 980 2,535 4,972 23, 807 3,152 6,525 31,639 3,082 7,137 50, 774 8,229 82 693 a 2,802 a 2, 777 6,978 a 6, 335 40, 122 « 32, 708 0 0 0 2, 304 6, 470 37. 951 * New series. For earlier data see p. 19 of the December 1932 issue (Fairchild index); p. 20 of September 1932 issue (world prices); and p. 18 of the August 1933 issue (purchasing power of the dollar). § Data for this series have been revised for years 1930, 1931, and 1932, and may be found on p. 20 of the September 1933 issue. a Revised. SURVEY OF CURRENT BUSINESS December 1933 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January Februin the 1932 Annual Supplement to the Survey October October November ary ber 25 1933 March April May June July August September CONSTRUCTION AND REAL, ESTATE—Continued CONSTRUCTION CONTRACTS AWARDED-Continued F. W. Dodge Corporation (37 States)— Con. Public utilities :# Projects number-Valuation thous. of dolls _ Public works: # Projects number. Valuation thous. of dolls. . Residential buildings: Projects -number. . Floor space thous. of sq. ft— Valuation thous. of dolls .. Engineering construction: K Total contracts awarded (E.N.R.) thous. of dolls. _ HIGHWAY CONSTRUCTION Concrete pavement contract awards: Total , .thous. of sq. yd_. Roads only thous. of sq. yd— Highways: Under construction (Federal Highway Act): Estimated total cost thous. of dolls-. Federal-aid allotment . -thous. of dolls_. Mileage, total number-Initial . .number Stage (added improvement) .. .number. . Mileage completed to date number. . Approved for construction (N.I.JK.A.):* Mileage number Public works funds alloted.thous. of dolls. . Under construction (N.I.R.A.):* Estimated total cost thous. of dolls -. Public works funds alloted thous of dolls Federal aid funds alloted thous of dolls Mileage n umber . CONSTRUCTION COSTS Building costs— all types (American Appraisal Co ) * 1913—100 Building costs— all types (A.G.C.) _ .1913=100Building costs— all types (E.N.R.) §.1913=100Building costs— factory (Aberthaw) 1914=100. . MISCELLANEOUS DATA Construction—employment and wages: Employment, Ohio. (See Employment.) Wages, road building. (See Employment.) Fire losses, United States thous. of dolls Ship construction. (See Trans. Equipment.) Real estate: Home Loan Bank, loans outstanding * thous. of dolls. . Market activity - each month 1926=100— New financing. (See Finance.) 210 6,995 128 8,264 116 4, 116 107 6,451 89 7,974 93 4,726 150 2,499 114 2,390 176 5,640 164 5, 046 160 4,132 157 19, 395 173 3,425 1,718 85, 729 1,250 50, 237 966 50, 096 832 36, 866 451 34, 699 373 12, 510 701 15,079 571 11, 233 782 13, 372 933 19, 392 910 14, 809 1,251 32, 003 1 591 57, 324 3,161 6,868 21, 526 3,313 5,984 21, 856 2,602 5, 490 19, 245 1,903 3,437 12, 958 1,794 3,160 11,951 1,886 3,149 11, 805 3, 198 4,773 16,021 4,034 5,814 19, 144 5,299 8,352 26, 520 5,007 8,309 27, 768 4, 357 7,383 23, 630 141, 622 100, 812 100, 443 103, 360 95, 392 60, 513 57, 934 49, 393 78, 198 104, 200 50, 368 74, 063 106, 677 7, 970 6, 409 6,712 5,667 8,002 7,592 5, 649 4,638 5,387 5,129 1,440 1,280 1,696 1,478 570 379 1,902 1,633 1,861 1,547 1,428 879 5,650 5,300 5. 764 4,826 121, 709 255, 315 250, 724 250, 978 252, 372 260, 185 265, 678 269, 489 260, 736 242, 107 222, 452 191, 040 45 420 107,152 101, 098 98, 257 95, 884 97, 337 98, 311 97, 551 i 92, 669 86, 141 " 79,844 68, 270 158, 443 57, 185 7,564 5 223 2,341 113, 237 5,517 3 937 1,580 115,377 13, 224 8,966 4,258 102, 361 12,978 9,152 3,826 103, 874 13, 349 9,353 3,996 104, 562 13, 301 9,347 3,953 105, 055 13, 561 9,550 4, Oil 105,412 13,855 9, 628 4,228 105,645 14, 209 9,709 4,500 105, 835 33,657 9, 258 « 4, 400 106,554 12, 384 8,397 3,986 107, 869 11, 243 7,626 3,617 109, 125 a a 4, 001 « 6, 369 21, 884 9,339 6,443 2,896 111,227 0 0 0 3, 528 6, 296 21, 549 5, 147 74, 731 4 648 72, 778 92,215 85 989 3,177 5, 910 34 962 32 893 1 063 2,305 151 166 187.7 147 163 159.2 146 163 158.2 145 163 158.5 166 142 163 158.4 141 163 159.3 140 163 158. 4 165 140 158 160.2 140 158 164.4 141 161 163.4 168 148 162 165.5 150 165 167.0 151 166 175.5 173 30, 734 31, 168 39, 191 35 548 36, 661 35 321 27, 826 24, 339 21, 579 20, 004 23, 627 20 448 60.4 50. 1 690 52.9 4,017 50.4 10, 229 57 2 23, 102 41 7 30, 540 41.1 38, 822 46.4 47, 643 44.9 53, 745 41.5 60, Oil 47.4 66, 325 73, 110 DOMESTIC TRADE ADVERTISING Radio broadcasting: Cost of facilities, total thous. of dolls.. 3, 244 2,466 2,065 1,816 3,036 3,006 3,014 2,287 3,060 1,907 2,811 2,628 2,103 215 121 Automotive thous of dolls 261 58 234 126 115 128 118 176 57 171 209 0 0 0 0 Building materials thous. of dolls.. 0 0 0 0 0 0 30 0 6 21 52 22 Clothing and dry goods thous. of dolls._ 53 9 46 19 17 5 47 29 24 39 Confectionery thous. of dolls. . 134 120 103 33 38 145 188 170 186 39 38 100 80 519 470 Drugs and toilet goods thous. of dolls.. 598 550 707 907 556 628 650 357 719 646 499 82 93 Financial thous. of dolls__ 92 86 86 79 99 85 94 89 76 88 95 542 607 Foods.. thous. of dolls.- 1,072 909 571 860 767 713 896 898 750 722 655 23 32 House furnishings thous. of dolls.11 43 44 16 16 38 77 0 0 50 0 Machinery thous. of dolls.. 0 7 0 0 49 12 6 35 84 0 0 69 0 12 Paints and hardware thous. of dolls.. 14 11 9 13 6 8 12 18 14 8 7 15 Petroleum products thous. of dolls 282 211 247 294 304 236 220 308 319 292 238 281 243 0 44 44 54 Radios thous. of dolls.. 36 19 27 58 57 16 46 36 60 12 Shoes and leather goods thous. of dolls.. 0 15 12 0 0 0 0 0 9 0 0 0 Soaps and housekeepers' supplies 79 59 116 thous. of dolls.. 36 79 94 77 82 71 74 78 70 92 Sporting goods thous. of dolls. . 0 0 0 0 0 0 0 0 0 0 0 0 0 Stationery and publishers -thous. of dolls.. 2 52 4 44 18 8 51 33 33 17 36 0 0 Tobacco manufactures thous. of dolls __ 134 241 162 354 364 239 395 361 358 207 334 187 113 24 Miscellaneous _ thous. of dolls . 485 32 23 42 103 75 27 34 320 53 30 10 Magazine advertising: Cost, total thous. of dolls.. 9,148 8,293 7,827 9,053 5,569 8,670 9,285 9,106 7,635 6,345 5,879 8,236 6,388 421 935 567 962 375 Automotive thous. of dolls.. 792 1,164 834 689 535 779 677 760 111 202 146 Building materials thous. of dolls. _ 227 172 195 150 192 97 100 128 107 120 162 222 106 Clothing and dry goods thous. of dolls.. 357 241 244 141 198 203 79 150 268 191 Confectionery thous. of dolls. . 170 128 108 300 163 144 208 262 275 55 98 166 180 2, 305 1,896 Drugs and toilet goods thous. of dolls.. 1, 969 1,805 2,324 1,257 2,453 2, 029 1,600 1,400 2,181 1,407 1,458 167 153 196 204 177 197 184 229 212 198 191 Financial thous. of dolls. . 226 200 ° Revised. If Data for December 1932, March, June, and August 1933 are for 5 weeks, other months 4 weeks. * New series. For earlier data see p. 20 of the August 1933 issue (building costs, American Appraisal Co.). First report of Home Loan Bank, covers Dec. 1932. § Index for Nov. 1, 1901. # These series represent a breakdown of the combined total previously shown. See p. 20 of the September 1933 issue for earlier data. .22250—35 4 20 SURVEY OF CUliKKNT BUSINESS Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October October December 1933 1933 1933 X °be?n" D be e r m ~ Janua ry * ^ u " March April May June July August September DOMESTIC TRADE— Continued i ADVERTISING— Continued Magazine advertising' — Continued. Cist, totil— Continual I oods thous of dolls ( raiden thous ol dolls llou e furnishings thous of dolts M ichmer\ thous Office equipment thous Flints and h i r d ^ ne thou Peti oleum pioducts thoi's Kuho 11 01 Schools thous Shoes md k ithu M> >ds t b o u •soips md 1 on i k u p u b ' supplies thms bpoitiug t,oods thops Stationei v md booths t i ou^ tobacco m mill Ktuits thous l i i \ c l m d unii ement thous Miscell iiuous thous Lmea^e, tot il t t h >u \e\\spipei id\ i t i s i n u Line ue, tot il (22 c itu si Pious Lint i^e, tot il ( >2 atu s; thnis Clissilicd ihous Displ i\ Ihous Vu^omoti\e t ion-, I m tiiu il t ou denei i! t i < us Ret id t i us 1,11 s - ) li 003 of uolls of dolls of dolK ofdol's ut doll of dolls of dolls M) llo 110 of di IK of uolls ( f dolls ot dolls of uolls ot doll ofhm o hn s olhnts of lint ot iint i \m*> of hi oif n in. s < hut 01 si 1, 700 19 r >32 110 20 00 ,s 1 9)3 24 J)' 299 205 1-0 10 1 !!T f )() il 1,S10 19 1 10 31 202 80 71 -SI 210 in 207 2\) ~ 's 1,8~0 101 29S 1 007 2H Oi 1 7)i ^ »9 2()4 1 041 70 _71 (<) 4 s Id > 2 » '9 171 M !r), > 0 2 1 97) 15 891 00 2' 0>, S ) ) 94 9( 7 10 12, 01 ~ > ( M HM J ( so 710 1 7i7 'Mi M )1 s 90S 01 > l v " 18, 1.05 080 47, 040 041 01 7 02 1 01. 7 2, 592 2, 15S 2, Osl 507, 00(5 533. (i! 7 10 ro j9 10, 4, OS , 1 197 -l 071 10 S2, >0 M 1,817 75 367 28 27 38 25 1 75 83 144 13 1,943 74 390 "7 M >() 2 2 .'•> l v<l 1 1 0 032 41 170 347 195 190 1,190 043 49 118 392 278 2 0 7 77 0 )7 1 2 -.2 •> 1 s )0 - 2^ i i 1< )7 i\ i il 47, 180 72, 539 11, Oh3 5\45fi 3,048 1,037 40,8 29 0 tt i 07 Inl u> t2 L) "7 7 >2 9 1 >7 1 0 >J !,_( )9 28 34 37 1 80 03 .110 "" 2, 075 -00 022 50 33 34 99 210 01 1 10 159 702 79 135 311 188 1 , 729 1,830 58 043 201 14 35 79 208 47 12S 154 750 130 121 457 388 1 97 1,732 008 178 111 383 3-io 1(58 1,544 97 39 1, 343 10 200 47 23 25 38 230 58 121 518 142 100 320 1,018 5 129 20 24 13 320 101 130 440 131 95 304 130 1, 155 10 270 30 14 18 53 225 85 143 58 70 123 337 131 178 1,407 1,272 1, 184 53, 710 80, 339 18, 158 OS, 181 0, 797 1 , 392 50, 003 19, 304 78, 319 10,004 02, 255 0, 139 2. 390 14,272 39, 14,s 44)794 02, 327 92, o!8 1 7, 287 75,331 5, 40<S 1 , 259 10, 337 52. 320 34, 008 051 31,411 21,754 19,718 21,979 474 340 379 370 00. 4 00. 5 01.9 02. 3 02. 7 03. 3 2, 005 3, 373 2, 933 2, 402 2, 392 3, 839 580 S' )l) 508, 740 012,053 013, 449 ( i l l , 172 090, 1 77 013, 021 3, 201 35, 806 3,417 3, 240 3,001 30, 957 3, 078 30, 894 3, 057 30, 95! ) 8, 803 9, 598 81,759 2, 109 87,281 2,072 9, 420 87, 571 2, 019 82 80} 84 85 81 79 91 84 83 80 81 123 142 129 139 137 151 1,857 135 1,782 135 1, 994 135 9,941 | 10,305 710 , 718 9, 407 9, 921 719 10, 035 720 4,978 231 4, 929 5,417 231 5, 400 230 1,030 3\ f)S! 19. ^sl 70, 304 11,810 01,551 2, 503 l. ! >51 13,809 43, 230 91, 053 1 7, 000 74, 053 4, OS5 1,511 1 5, 269 5'J, 509 02, 1S4 94, 049 •7,019 77, 030 7,0^1 1 , 525 10,133 52, 947 39, 575 542 31, 105 520 35, 530 025 00 7 ' 00. 8 00. 2 3,3 J7 , 2,839 r>, iss 1,515 23 454 oo, us 9:'.] It is 10,345 7 J991 1,722 10,448 tOlLLCTlONS Delinquent accounts, electrical trade: Amount dollars Firms number . 20, 497 448 41,515 j 080 FINANCIAL INDICATORS Bank debits. (See Finance.) Business failures. (See Finance.) Commercial loans. (See Finance.) Money in circulation. (See Finance.) GOODS IN WAREHOUSES Space occupied, public merchandising warehouses percent of t o t a l NEW INCORPORATIONS Business incorporations (4 States) number 2, 304 POSTAL BUSINESS Air mail, weight dispatched-. Money orders: Domestic, issued (50 cities): Number _ __ ._ Value . Domestic, paid (50 cities): NTumber Value Foreign, issued — value Receipts, postal: 50 selected cities 50 industrial cities - . .pounds... 542 320 ' 524, 7 .! ! 193, 110 3, 338 thousands. _ thous. of dolls. . 33, 140 3,219 3, 1 52 31,050 30,20! 3,571 3,2 )7 32, 745 j 30, 0 !8 3, 098 3 1 . S(54 3, 930 59, 71! thoi'ynnds 11, 100 thous, of dolls 102, 877 thous. of dolls. . 1.998 9, 430 79 092 2, 53,8 9,221 75 309 2, 799 10,151 8,5 i7 ' 78 070 ' 07 '•* 10 0,340 | 2 , 4 JO 7,990 Go, 370 2, 423 130, 190 2, 030 94; 103 2, 832 9, 737 88, 405 2, 201 10,027 88, 721 2, 330 thous. of dolls.. thous. of dolls 26,711 3, 030 20, 1 09 2 840 33, 097 3 789 24, 0 "4 i 22, 559 9 fir.q 2 9™ 24, 422 2 040 23, 810 2 078 24, 393 2,' 703 24, 988 2,701 8-1 82 80 79 80 70 78 78 85 SO 78 74 70 ! 73 03 84 79 80 80 78 80 i 70 ; 73 74 74 70 141 132 142 133 130 129 220 117 : 103 138 ! 110 121 129 140 120 130 ; 10,445 RETAIL TRADE Chain-stole sales Combined index (!'' compmie-0 1 Apuarel 0 complines)* t a\ s m i e m o 1929-31 = 100. _ ' C i o ( e i > ( > companies)"" av s?me mo l f '29-31=100 Fi \e-and-ten ( \ < ' r i < _ i \ ) stoies Total, 8 chains, unadjusted 1923-2^=100 Tot.1!, 8 chims, idjusted 19 J 3-21 =-100 _ II L Green Co , Inc. * Sales thous of dolls Stoies opn >tea _ numbti b S Kiesge ("o Sal ^j thou ^ of d( IF S,oi< s opeiattd . numlti S II Kies^ <L Co Sales hou:> oi dolls.. Stoies opeia^cd iidmbei M c C r o i j Stoies Coip Sales . ihous of dolls.. 1 Stoies operated nuiiit ei (J C Mm pin ( o 100 135 ! 125 137 2,082 135 10, 848 720 10, 500 9, 841 723 18, 051 723 i 7, 7 JO 1 7 18 8, 054 7.18 | 8, 492 717 10, 228 720 5,771 230 5, 151 229 4, 854 9,327 1 3,9 13 | 3,890 4,087 230 2 32 4, 700 231 2, 807 209 3, 475 241 232 ! 231 4,830 231 2,301 I 2,551 2, 540 2, 019 237 \ 230 227 225 j Sales tiioas of dolls 1 , 994 1,503 1,020 2, 855 I 1 . 1 JO 1,223 1,314 1,804 1,029 1,001 1,808 1,803 Stoies opeiattd _ miujnei 175 175 177 178 178 179 178 179 179 170 1 70 : * New s^nes For footnote, see p 19 of the Dijcombt r 1932 iss ie (Chaii -Store Sales); co :n j .;: bb data for ear ier periocIs for II . L. Gr,ien & Co. not available « Re\isod 1 Reviv-'d s<»iK>s For Mi 1 ' r d r i s v p 20 of (;ha DC issue (M igazine A d v e r t i -in;;) .md r). 20 of the )ctober 1 J33 issue (Chain-St ore Sales) 3, 129 242 5, 830 242 2, 5 37 2 43 2,339 243 | 2,383 240 2,721 226 2, 800 210 1,912 179 27 SURVEY OF CURRENT BUSINESS December 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October October 1933 1933 n- Decemi ber May June July August 19, 801 1,931 19, 344 1 , 935 i 19,583 1,937 20, 357 1 , 936 21,642 1 , 937 60, 6(51 15, 165 357, 638 89,410 DOMESTIC TRADE—Continued I RETAIL TRADE— Continued Chain-store sales— Continued. Five-and-ten (variety) stores— Continued. F. W. Woolworth Co.: Sales thous. of dolls Stores operated number- Grocery chains: A. & P. Tea Co.: Sales, value total thous. of dolls. _ Weekly average thous. of dolls. . Sales, tonnage, total tons Weekly average tons Restaurant chains: Total sales, 3 chains: Sales thous. of dolls Stores operated number Childs Co.: Sales • thous. of dolls Stores operated _ number J. R. Thompson Co.: Sales thous of dolls Stores operated number Waldorf System (Inc.): Sales " f-hous. of dolls Stores operated -- - number . Other chains: W. T. Grant & Co.: Sales thous. of dolls Stores operated number J. C. Penney Co.: Sales thous. of dolls Stores operated number. .. _ Department-store sales and stocks: Sales, total value, adjusted 1923-25=100-Sales, total value, unadjusted._1923-25=100Atlanta - -1923-25 = 100 Boston 1923-25 = 100 Chicago - 1923-25 = 100— Cleveland 1923-25=100 Dallas -1923-25 = 100 Kansas City 1923-25=100 Minneapolis 1923-25=100— New York 1923-25 = 100 Philadelphia* 1923-25=100 Richmond - -.1923-25 = 100 _. St. Louis 1923-25 = 100 San Francisco . - 1923-25 =100__ Installment sales, New England dept. stores, ratio to total sales percent. _ Stocks, value, end of month: Unadjusted 1923-25 =100— Adjusted 1923-25 = 100. . Mail-order and store sales: Total sales, 2 companies thous. of dolls.Montgomery Ward & Co--.tb.ous. of dolls— Sears, Roebuck & Co thous. of dolls.. j I 22, 035 1, 942 I 15,845 1,927 16,245 1 , 927 17,511 1 , 929 22, 473 1,930 20, 21 f 1, 932 33, 099 1,932 63, 856 ' 66, 530 15, 964 16, 633 376, 069 415,659 94, 017 103 915 62, 849 15,712 395, 275 98, SI 9 79, (510 15, 923 498, 470 9P, 694 3, 406 383 3, 386 382 3,641 382 3, 425 381 3, 081 381 3, 290 382 1 , 350 106 1,445 105 1.554 105 1,431 ^ 05 1,278 105 950 117 887 117 918 117 884 117 1, 106 100 1,054 160 1, 169 160 7. 113 454 6, 962 442 6, 334 444 IS, C43 <> 16, 759 1,477 70 69 75 75 " __ 1 , 092 20, 159 1 , 929 1 61,525 61,056 15, 264 i 15,381 405, 660 397, 498 101,415 99, 375 1 79, 503 J 5, 901 507,361 101,472 63, 445 15,861 382, 751 95, 688 76, 005 15, 201 458, 606 91,721 3, 201 381 ! 3, 173 379 3,012 376 3, 045 373 3, 298 376 1,311 105 1,320 i 05 1 , 227 104 1, 147 103 ]. 142 103 1. 191 103 784 117 875 1! 6 826 116 865 110 863 115 911 114 1 082 117 1, 110 159 1,019 1 59 1,104 101 1,055 100 1,081 159 1 , 002 158 992 J 5f'i 1,025 156 1 , 047 155 1 1, 368 445 4, 270 446 4, 49 1 449 5, 137 451 6, 277 451 6, 553 451 6,512 452 5, 784 454 5 752 454 6, 423 454 « 15, 038 1,477 18,942 1, 476 8, 688 1,473 8, 460 1,474 10, 234 1,478 M,592 1, 478 14, 433 1,478 14,617 1 , 478 13, 564 1,478 14,204 1,477 16, 288 1,471 60 106 96 115 100 90 99 96 85 134 101 137 92 121 60 49 43 50 49 41 42 44 40 56 44 54 43 54 60 49 48 43 46 41 45 45 37 54 40 51 42 52 57 50 49 51 50 42 53 53 56 65 49 61 47 59 67 68 r >9 64 63 64 62 62 66 78 60 78 60 68 67 67 66 69 68 61 65 63 60 76 59 81 60 73 68 64 54 65 66 58 54 58 74 57 66 70 49 46 46 48 45 44 44 40 49 39 51 42 67 59 65 57 65 61 60 61 56 61 50 66 57 76 "75 64 "67 "68 70 78 60 79 63 73 57, 235 61, 102 74,981 14,309 i 15, 276 14, 996 371,394 406, 1 56 495, 192 99, 038 92 849 101 539 79 76 76 66 81 74 58 93 73 94 70 72 SO 71 61 77 71 62 95 74 94 68 79 63 73 63 76 65 57 68 64 56 91 66 86 67 68 9.3 9.9 7.3 4.1 6.2 7.1 6.3 5.3 6.9 5. 7 7.9 12.7 9.8 77 70 67 61 69 61 56 60 52 58 54 57 55 54 55 53 56 55 56 56 60 62 64 73 70 53, 550 23, 017 30, 533 45, 423 19, 805 25, 618 41, 281 16, 552 24, 729 51,556 21, 055 30, 501 26, 958 10, 100 16, 858 26, 176 10, 114 16, 062 27, 554 11,211 16, 343 35, 365 15, 574 19, 791 37, 778 15, 103 22, 675 38, 986 16, 165 22, 821 33, 566 13,615 19, 951 40, 327 15, 657 24, 670 43, 219 16, 600 26, 619 73. 4 55.8 50.4 47.2 76.0 89.9 100.7 79.7 89.3 72.7 88.7 88. 7 88. 6 47.6 57.1 65. 4 86. 9 83.3 91. 6 58.4 87.8 96. 4 66. 4 67. 6 51. 7 60. 9 43. 7 (54. 5 73. 3 53. 9 46.9 45.3 74.9 92.4 103.3 78.3 76. 6 55. 8 45. 4 47.2 78.5 96.2 106.4 84.4 96. 0 75.3 86.6 8(5. 0 89. 0 51. 1 60. 9 67.7 91. 0 84.4 89.6 69. 1 88.0 94.5 71.4 67.1 53.4 63.4 44.2 71.9 74.3 53. 9 43.1 45.7 75.9 95. 9 106. 6 83. 0 55 70 73 «67 EMPLOYMENT CONDITIONS AND WAGES EMPLOYMENT Factory, unadjusted (F.R.B.) __ ,1923-25 = 100 ._ Cement, clay, and glass 1923-25=100.. Cement 1923-25 = 100.. Clay products 1923-25 — 100 Glass 1923-25—100 Chemicals and products 1923-25 = 100-. Chemicals and drugs 1923-25 = 100Petroleum refining 1923-25 =100— Food products--- _ - _ 1923-25=100— Iron and steel 1923-25—100 Leather and products 1923-25 — 100 Boots and shoes . 1923-25=100.. Leather 1923-25=100Lumber and products 1923-25=100 Machinery . 1923-25 = 100.. Metals, nonferrous 1923-25 — 100 Paper and printing 1923-25=100 Rubber products 1923-25 = 100. . Auto tires and tubes 1923-25= 100^ _ Boots and shoes 1923-25—100 Textiles and products 1923-25 = 100Fabrics 1923-25—100 Wearing apparel 1923-25=100 Tobacco manufactures 1923-25= 100 _ _ Transportation equipment 1923-25 = 100__ Automobiles 1923-25 = 100. Car building and repairing- _ 1923-25= 100._ Shipbuilding 1923-25—100 Factory, adjusted (F.R.B.} 1923-25= 100- Cement, clay, and glass 1923-25=100— Cement 1923-25 = 100Clay products 1923-25=100 Glass _ . ---1923-25 = 100-. Chemicals and products 1923-25 = 100 Chemicals and drugs 1923-25=100 Petroleum refining 1923-25= 100 . * New series. 75.8 54.2 39.2 45 6 79 3 99.4 109. 0 87.8 97.4 73.8 84 9 84.2 87. 9 51. 7 62 7 67.0 92.8 83.4 87. 7 70 2 87.6 94 0 71. 7 70. 2 50. 9 56. 8 44.1 74 1 73. 9 52. 9 37.7 44.9 77.0 99. 1 107.9 87.9 62.0 44.9 44.3 39 4 56 0 75. 1 79.4 74.6 85.0 53 3 79 0 81.7 67.9 39. 0 45.8 47. 1 82.3 60. 5 62. 9 53 3 ?^ 74.4 71. 9 41.3 37.3 42. 1 63 4 61. 1 43. 8 42.6 38 8 54.4 74 9 78.6 74.7 60.9 44.6 42.4 39 0 57 0 75.5 80. 1 74.3 82.9 53 6 72 7 73.4 69. 6 38. 1 46. 0 48.4 82.2 61.2 62. 7 56 6 !?•} /o 2 67.8 72 7 43! 3 40.5 43.4 62 4 61.2 44.3 41.8 39.0 56. 0 75 2 78. 6 75. 0 59.6 41.4 34.0 36 1 56 2 75.4 79.6 75. 4 81.5 52 1 70 0 70. 3 68. (5 36. 6 46. 0 46. 8 81. 6 61.8 62.2 60 3 71.1 74 1 63. 4 68. 8 44.8 45.2 42.7 62 4 (50. 6 42. 6 35. 3 37. 1 75 '-* 78. 3 76. 3 58.1 36.7 31.0 30 4 52 2 76.2 80.2 75.0 78.6 49 6 73 3 74.6 68. 1 33. 8 44. 0 44.4 80. 2 59. 1 61. 3 69. 6 72 8 61. 7 60.4 46.1 50. 4 41.3 60 9 59. 4 39. 4 34.0 32 8 55. 7 76 4 79. 7 70. 4 59. 2 37.8 30.7 31 4 54 4 77.3 80.5 75. 7 78.4 51.8 77 3 79.2 69. 6 33. 4 44.4 45. 3 80. 1 59. 4 62.5 50 4 72. 3 69.0 63.4 45.1 49. 6 40. 6 57 1 59. 4 39. 9 33.8 33. 4 56. 0 76 4 78. 9 76. 7 For earlier data see p. 20 of the December 1932 issue. 56.7 38.1 31.0 31 2 55 6 78.2 80. 1 75.8 76.9 49 1 76 6 78.8 67. 8 31.8 42.8 42.3 78 7 57. 0 60. 4 46 4 67.7 68 1 66.7 57.6 42.5 43.9 40. 3 54 1 56. 6 38.9 33.1 32 1 55.3 75 6 79. 1 76. 6 57. 40. 36. 32 58 82. 78. 75. 78. 50 75 68. 9 51.8 47.6 43. 7 70. 3 84.0 92.3 I 78.1 83.1 65.3 85.4 86.0 83.0 44.0 51.8 59. 5 82.5 77.0 86.0 50.0 85.7 94.1 64. 7 65. 6 49.2 58.4 41.4 58. 7 70. 1 51. 6 45. 2 42. 4 73. 3 87.5 95. 6 76.4 63. 32. 43. 44. 78 60! 46 69. 69 69. 56. 41. 44. 38. 49 57. 40. 37. 32 57. 78 a Revised. 28 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, 1933 1932 together with explanatory footnotes and references to the sources of the data, may be found October October Novem- Decem- January Februin the 1932 Annual Supplement to the Survey ber ber ary EMPLOYMENT December 1933 1933 March April May June July August September CONDITIONS AND WAGES—Continued i EMPLOYMENT— Continued Factory, adjusted (F.R.B.)— Continued. 93.4 79.2 78.4 81.2 Food products .1923-25=100.. 81.3 79.6 80.7 80.0 93.9 82.6 83.6 89.7 82.3 53.2 73.6 51.4 Iron and steel 1923-25=100 53.8 52.8 50.6 48.3 73.2 50.0 52.5 58.1 66.3 74.7 Leather and manufactures 1923-25=100.. 73.2 82.0 76.1 72.0 72.9 76.4 75.6 86.4 75.7 83.9 83.3 79.7 85.7 Boots and shoes.. _ 1923-25 = 100.. 80.6 78.1 74.1 72.9 74.4 77.5 78.0 79.3 81.4 86.0 85.7 i 81.9 84.7 Leather 1923-25 = 100 67.9 66.2 88.0 69.1 68.3 66.9 64.4 ' 67.5 84.6 89.0 88.9 72.6 80.3 Lumber and products 1923-25=100.. 49.9 34.4 37.6 36.8 37.3 35.0 32.5 33.3 35.7 40.0 43.8 46.6 49.4 Machinery 1923-25 — 100 46.1 46.4 44.2 42.2 63.1 46.6 44.5 42.6 44.2 57.1 47.7 51.7 61.1 Metals, nonferrous . 1923-25= 100. . 67.9 47.8 47.4 44.4 48.9 44.8 41.0 43.4 47.4 53.6 60.3 68.6 Paper and printing 1923-25=100 92.3 82.0 80.2 79.6 79.9 78.8 83.4 78.5 79.9 81.6 91.2 81.1 88!l Rubber products 1923-25 = 100 60.7 63.2 83.7 59.7 59.1 56.6 76.4 56.7 67.8 81.9 82.2 63.7 59.7 Auto tires and tubes 1923-25= 100. _ 89.2 64.0 65.4 62.6 62.3 59.7 59.6 84.4 67.0 75.0 89.0 87.2 65.3 Boots and shoes 1923-25 — 100 67.2 51.2 51.0 49.6 56.3 47.3 46.2 , 52.4 53.6 47.9 60.5 42.9 67.4 Textiles and products 1923-25 — 100 86.2 69.2 74.3 70.4 70.4 65.4 91.2 72.3 68.5 81.6 • 90.3 73.4 88.4 Fabrics 1923-25 — 100 72.2 72.2 75.5 72.9 69.2 93.1 66.9 99.8 73.9 97.6 75.9 86.7 95.9 71.2 Wearing apparel 1923-25 — 100 68.8 61.5 64.0 66.1 61.9 68.9 66.8 67.4 71.9 69.6 68.7 69.8 Tobacco manufactures 1923-25=100 66.8 64.1 68.3 64.9 67.7 57.8 I 57.5 68.6 65.4 66.9 67.3 67.7 65.2 41.4 , 47.4 47.4 Transportation equipment 1923-25= 100. _ 45.0 51.0 51.4 45.6 41.7 40.1 49.3 41.9 43.9 52.8 Automobiles 1923-25 = 100 56.8 37.3 51.6 53.3 48.9 41.9 41.5 59.7 45.6 50.3 58.8 43.8 61.5 Car building and repairing. .1923-25 =100.. 42.0 43.9 41.9 41.1 42.8 40.5 38.3 38.2 41.2 43.6 39.4 43.5 44.0 Shipbuilding 1923-25 - 100 79.0 62.4 54.1 67.6 59.1 47.0 68.2 50.9 53.2 77.2 65.0 52.1 60.1 Factory, by cities and States: Cities: Baltimore* 1929-31 = 100 61.2 -66.2 80.8 64.9 63.5 64.3 60.5 75.8 64.7 64.8 •79.1 63.6 71.1 Chicago * 1925-27-100 65.6 53.3 49.2 48.2 49.8 49.7 49.3 53.4 56.7 64.0 51.8 65.3 51.1 Cleveland Jan. 1921 = 100.. 65.2 66.6 79.6 66.8 66.6 61.7 65.3 73.9 83.6 65.6 78.6 83.3 68.8 Detroit 1923-25 = 100 37.3 42.0 28.8 49.2 48.0 41.8 50.0 60.7 62.8 64.7 39.3 59.6 52.5 Milwaukee* 1925-27=100 79.1 55.4 54.4 54.1 53.7 57.4 68.2 54.3 71.9 76.6 79.2 55.7 61.0 New York 1925-27=100 70.0 61.6 57.9 55.8 58.0 57.8 59.2 63.4 56.3 59.1 59.5 69.0 58.4 64.2 81.4 58.8 Philadelphia!.1923-25=100.. 60.9 58.9 57.8 72.9 64.1 66.6 63.3 57.1 78.3 60.9 Pittsburgh* 1923-25 = 100 75.2 60.9 56.1 57.6 64.2 60.8 55.4 75.7 56.1 77.4 62.0 68.5 59.0 States: Delaware! 1923-25 = 100 95.1 71.6 74.2 74.1 75.2 72.1 72.2 70.3 94.2 98.1 80.0 87.9 73.8 Illinois 1925-27 - 100 52.1 68.9 54.4 50.7 57.2 51.7 50.8 51.7 67.9 53.5 60,9 69.7 53.6 Iowa 1923 = 100 101.9 88.2 95.1 85.6 92.6 83.2 83.7 95.3 90.5 93.0 93.5 86.4 99.3 Massachusetts* . 1925-27=100 76.5 64.7 58.1 60.3 56.2 59.1 56.4 73.2 75.1 61.4 62.9 69.0 58.5 Maryland* 1929-31 = 100.. 90.0 "70.9 65.4 69.4 67.5 64.3 67.5 84.0 69.9 71.0 78.9 "88.3 68.3 New Jersey! 1923-25=100 66.2 65.2 62.2 80.5 63.4 60.9 60.8 70.4 74.9 65.5 67.3 79.5 63.7 New York . . .1925-27=100 55.4 69.6 59.5 56.3 57.1 53.7 62.2 58.9 55.3 59.5 65.7 69.6 57.1 Ohio.... 1926=100.. 61.4 83.1 61.5 57.4 60.7 60.6 77.8 81.9 61.5 60. 5 72.5 83.7 65.7 Pennsylvania! 1923-25 — 100 77.0 65.6 60.3 63.3 61.8 58.8 68.2 73.4 65.2 59.0 65.5 76.8 62.6 Wisconsin 1925-27 — 100 80.0 60.5 57.3 58.8 58.8 60.1 58.6 60.8 75.9 77.5 69.5 79.7 63.3 Nonmanufacturing (Dept. of Labor): Mining: Anthracite 1929-100 56.9 63.9 52.5 62.3 58.7 62.7 54.6 39.5 43.8 47.7 51.6 43.2 56.8 Bituminous coal .1929=100 68.0 67.0 69.8 69.3 70.0 67.6 63.2 69.4 63.7 61.3 68.6 71.8 61.2 Metalliferous 1929 = 100.. 40.7 32.4 31.5 30.5 33.3 30.0 29.4 36.8 31.9 31.5 33.0 38.9 30.0 Petroleum, crude production. _. 1929 =100.. 70.6 56.8 57.2 57.2 57.0 56.5 60.8 66.2 56.5 56.8 58.0 59.5 56.9 Quarrying and nonmetallic 1929=100.. 53.2 52.4 49.4 42.3 35.1 34.8 52. 6 35.1 47.3 39.3 49.5 51.6 43.4 Public utilities: Electric railroads . 1929=100 70.6 72.3 70.4 70.6 71.4 69.8 69.4 69.5 69.5 69.3 71.8 69.7 69.1 Power, light, and water. 1929 = 100 82.2 79.9 77.4 78.4 77.7 76.9 77.3 77.5 78.1 79.1 76.9 80.3 76.9 Telephone and telegraph 1929 = 100.. 68.7 76.2 74.6 73.9 73.2 69.2 74.8 72.3 68.5 68.1 75. 5^ 68.3 70.1 Trade: Retail 1929-100 89.6 81.3 95.2 73.4 71.4 76.9 78.3 78.1 81.7 78.6 74.6 86.0 77.0 Wholesale 1929 = 100 83.5 77.8 75.3 74.1 82.1 77.0 77.6 73.1 76.9 79.7 73.3 75.7 74.0 Miscellaneous: Banks, brokerage houses, etc.*..1929=100.. 99.4 98.7 98.2 97.6 97.0 98.0 96.8 97.4 98.3 96.3 97.8 99.0 96.4 Canning and preserving 1929= 100. _ 126.3 81.1 34.1 33.2 50.5 33.7 35.1 49.2 112.7 55.6 76.6 175.6 45.5 Dyeing and cleaning* 1929=100 88.4 82.3 75.2 73.0 70.9 71.2 83.1 78.0 81.1 85.6 82.9 88.6 82.0 Hotels . 1929=100 77.0 75.4 74.3 73.2 73.8 73.8 72.4 73.6 75.6 77.1 78.7 71.9 71.9 Laundries* 1929=100 78.0 77.5 76.2 75.4 74.4 75.9 73.0 76.3 77.9 73.4 76.0 79.3 73.5 Miscellaneous data: Construction employment, Ohio. .1926= 100. . 26.6 35.7 30.4 23.9 21.3 24.8 20.1 29.1 22.1 26.9 26.8 "28.3 24.0 Farm employees, hired, average per farm number.. .74 .89 .72 .77 .69 .79 1.05 .86 .96 1.01 Federal and State highway employment, total* __ _ number _ 384, 029 373, 246 371,667 290, 465 266, 443 255, 256 279, 213 299, 882 330, 138 359, 605 332, 277 329,813 337, 973 Construction * -gi number 212, 727 214,427 210, 939 150, 479 115, 404 114,567 133, 595 162, 816 187, 371 206, 664 190, 633 171,576 177,413 Maintenance* number 171, 302 158,819 160,728 139, 986 151,039 140, 689 145, 618 137, 066 142, 767 152, 941 141, 644 158, 237 160, 560 Federal civilian employees: United States* number. _ 613, 242 608, 488 607, 904 600, 943 599, 990 600,311 603, 818 605, 554 610, 652 601, 944 591, 166 592, 490 602, 465 Washington. .. number 71, 054 66, 974 66, 388 66, 302 66, 800 66, 802 67, 557 69, 740 67, 063 66, 560 65, 437 65, 991 67, 715 Railroad employees, class I thousands. . 1,040 1, 033 1,013 994 960 934 956 1,005 1,031 939 973 952 « 1, 047 Trades-union members employed: All trades percent of total 73 69 68 65 66 66 66 67 69 69 69 71 67 Building trades* percent of total 38 35 33 31 30 29 28 33 34 29 37 31 Metal trades* percent of total 64 54 54 54 53 50 51 55 ! 51 55 58 61 53 Printing trades*. percent of total .. 79 80 81 80 80 78 78 78 77 78 78 77 77 All other trades* percent of total 84 82 79 78 81 79 78 «82 80 81 81 81 80 On full time, all trades.. .percent of total. . 52 47 45 44 44 45 41 46 46 48 49 48 47 LABOR CONDITIONS Factory operations, proportion of full time worked, total percent.. 93 86 85 84 84 85 84 92 86 90 91 «93 88 Chemicals and products percent.. 94 91 90 89 90 90 89 92 94 95 95 93 94 Food products percent-96 95 94 93 94 93 92 94 94 95 94 95 94 Leather and products percent.. 96 86 80 80 86 90 88 88 92 94 90 95 98 Lumber and products percent. . 94 79 76 73 73 77 77 82 84 87 89 91 95 Metal products: Iron and steel percent-73 87 70 68 70 72 70 73 82 77 85 85 87 Other percent- . 88 80 80 80 78 77 73 76 81 85 86 86 87 Paper and printing percent-96 87 86 85 86 88 87 88 92 89 91 94 96 Stone, clay, and glass percent 91 80 78 78 85 83 83 84 87 89 89 91 92 Textile products percent .. 94 95 92 90 89 90 87 90 93 96 96 97 97 Tobacco products percent. . 79 89 82 80 80 79 78 83 83 84 85 86 90 Transportation equipment percent ._ 95 81 82 84 87 86 83 I 90 89 90 90 91 95 Automobiles percent. . 73 98 76 80 85 82 76 90 88 92 90 93 100 Hours of work per week in factories:* 36.2 3(1. 5 Actual, average per wage earner hours.. 36.5 34.9 35.4 32.2 35.2 33.8 41.2 37.4 42.6 38.8 36.8 * New series. For earlier data see p. 20 of tlie October 1932 imis (hours of work) iind p. IS Df the Dec ember 19 32 issue a ad pp. 19 and 20 of the June 1933 issue (employment). Data for Massachusetts subsequently r evised for 1931, 1932, and 1933. See p 19 of the August 1 933 issue. Earlier data for P ittsburgh employnlent not i>ublished. a ! Revised. Revised series. For earlier data see p. 19 of the Sej)teml)3r 1933 issue. December 1933 SUKVEY OF CURRENT BUSINESS 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January in the 1932 Annual Supplement to the Survey October October November ber 1933 February March April May June July August September EMPLOYMENT CONDITIONS AND WAGES—Continued LABOR CONDITIONS— Continued Labor disputes: t 41 Disputes number.. 23 21 29 32 "102 12 49 133 46 45 °68 147, 059 Man-days lost _ number _. 68, 154 40, 492 240, 912 109, 860 445, 771 535, 039 603, 723 504, 362 "1,404,850 "1,730,634 3, 826, 835 2,324 Workers involved number. . 1,896 8,790 16, 584 24, 593 "49, 058 "63, 420 171, 288 6,706 12, 794 19, 867 997 Labor turnover (quarterly):* Accessions percent of no. on pay roll 8 50 22.88 20 86 10 50 Separations: Discharged percent of no. on pay roll .78 38 52 43 Laid-off percent of no. on pay roll10 14 6.31 8 75 4.46 Voluntary quits percent of no. on pay roll 4.16 1.56 2 23 1 77 PAY BOLLS 57.4 Factory, unadjusted (F.JR.£.)-__1923-25 = 100__ 39.2 55.7 43.5 41.8 36.9 46.2 57.6 40.9 40.0 42.0 49.9 38.6 34.1 Cement, clay, and glass 1923-25=100.. 26.4 34.1 20.2 34.6 30.2 25.7 20.9 20.6 22.0 29.1 23.3 25.1 Cement .. 1923-25 = 100 24.6 27.0 24 8 31.6 25.6 16.1 16 0 21 2 25 1 27 6 18 4 16.4 18 3 24.8 Clay products 1923-25=100.. 13.4 20.0 25.0 19.0 25.3 14.3 13.8 14.2 15.9 18.8 21.2 17.5 Glass .. 1923-25 = 100 58.6 38.7 39 5 36.0 55.2 57 4 52 1 37 8 37 3 36 7 39 9 45 9 49 8 Chemicals and products 1923-25=100.. 78.7 60.7 72.2 60.9 60.7 60.4 59.8 61.9 64.6 67.9 74.3 60.8 60.8 85.2 Chemicals and drugs 1923-25=100 61.9 79.4 60 6 62 3 80 0 60 5 59 8 62 0 72 6 61 1 58 4 66 9 Petroleum refining 1923-25 = 100. _ 72.5 63.3 64.6 66.7 63.1 64.3 64.5 66.3 69.8 62.8 63.8 65.1 66.1 Food products 1923-25=100 78.8 70.9 64 1 71 7 78 2 67 0 62 7 62 6 66 1 59 8 64 8 66 3 68 2 Iron and steel _. _ 1923-25=100. 49.3 26.2 24 2 22.7 49 0 25 6 24 7 22.4 29 5 42 4 52.7 24 4 36 2 Leather and products 1923-25=100 64.0 42 0 55.0 43 7 68 7 43 8 50 0 47 1 50 8 45 9 57 4 64 2 69 3 60.9 Boots and shoes 1923-25=100 54.6 40 7 67 0 41.7 49 2 62 2 67.7 38 7 49 0 46 2 46 0 54 9 Leather 1923-25 - 100 75 3 56.3 50 9 50 3 55 0 53 9 53 9 45 4 75 1 74 8 56 6 66 4 71 4 Lumber and products . 1923-25=100 22.4 33.5 16.3 33 1 20 9 21 7 28 9 18 8 16 3 14 3 18 0 24 6 15 6 Machinery... ___ 1923-25=100.. 43.4 27.7 27.4 26.0 24 0 38.9 41.2 28 0 26 3 24 4 27.4 32 0 35 7 50.2 Metals, nonferrous 1923-25 = 100. . 50.4 32.2 27.5 51.4 31.9 30.1 27.4 25.1 27.4 41.4 34.5 46.5 Paper and printing.. _ 1923-25=100.. 76.0 71.7 67.0 70 2 69 8 63 3 62 4 70.8 65 8 64 9 74.6 66 6 67 8 Rubber products 1923-25=100 38.9 62.8 62 9 38 6 35 4 64 4 39 8 31 1 34 2 46 2 35 8 57 3 65 2 62.0 Auto tires and tubes . . 1923-25=100 38.1 34 8 66.4 62.8 36 1 36 7 31 7 49 0 62 0 35 7 35 2 69 7 Boots and shoes 1923-25 = 100— 65.9 42.4 52 2 38.0 34 7 56.5 63.4 48 3 47 3 36.3 28.6 30 2 38 4 Textiles and products 1923-25=100 69.2 55.6 44 2 70 7 49 4 67.0 46 4 41 3 45 2 48 2 46 8 58 9 53 6 Fabrics 1923-25=100.. 75.2 55.2 75.1 46.6 77.0 51.9 40 8 50 1 50 1 43 0 60 5 67 2 48 4 Wearing apparel 1923-25=100 57.1 56.3 39 2 61 8 44 2 39 1 42 4 46 9 40 1 39 4 41 9 47 7 49 8 Tobacco manufactures 1923-25=100.. 55.5 52.3 52.6 48.2 52 4 38 3 50 4 40 2 36 0 45 5 35 9 47 3 47 3 Transportation equipment 1923-25 =100— 41.7 29.1 34.0 43.9 31.9 32.1 29.2 43.0 33.8 35.3 30.6 36.0 38.3 32 3 Automobiles— .. 1923-25=100 43.3 23.3 52 5 50 1 27 6 32 0 36 3 32 2 27 0 40 4 43 2 46 1 Car building and repairing _ _ 1923-25 =100. . 38.7 31.4 36.4 33.7 30.8 31.4 35.9 33.5 30.8 29.9 28.6 30.6 29.8 Shipbuilding .. . 1923-25=100 53.4 58.8 52 4 49 5 56 8 48 8 46 6 44 2 40 3 40 3 44 9 37 4 40 3 Factory by cities: Baltimore * 1929-31 = 100.. 67.3 "48.1 65.4 41.4 46.0 46.0 42.5 °68.8 42.5 44.3 46.9 58.1 50.9 Chicago* ..1925-27=100.. 39.4 31.4 39.9 39.5 28 5 28 4 25 7 29 3 32 2 28 3 28 6 26 4 35 2 34.1 Milwaukee* 1925-27=100 53 4 52 0 31 6 30 2 51 8 34 3 30 3 27 7 34 8 38 7 47 7 45 8 New York * _._ 1925-27=100. 55.9 51.6 44 0 50 5 48 0 57.3 46 2 45 1 43 7 46 0 45 6 47 4 46 5 63.1 47.3 59.4 Philadelphia t 1923-25=100.. 54.8 44.7 42.6 39.6 40.1 37.5 37.9 41.8 48.0 45.3 Pittsburgh * _ ._ 1923-25=100 29.2 47.6 25 9 24 2 49 0 29 3 25 7 27 5 30 5 42 3 52 7 26 4 38 7 Factory, by States: 50.9 67.7 49 4 52 2 49 6 51 2 67.7 Delaware! 1923-25=100 51 4 47 0 45 0 64 9 56 9 66 0 0 27 2 Illinois 1925-27-100 32 1 43 0 29 1 43 0 42 6 30 1 28 5 31 3 35 4 29 6 28 2 37 9 Maryland * .1929-31=100.. «51. 1 72.9 °73.8 48.4 44.7 67.9 48.9 45.7 44.0 45.9 49.1 53.1 60.5 Massachusetts* 1925-27=100 59.4 47.3 59.4 39 7 42 3 42 2 57.3 43 5 41 8 37 2 38 0 47 0 53 0 New Jersey f 1923-25-100 52 0 61 6 60 0 49 6 46 2 45 2 57 5 49 6 47 5 43 5 48 1 52 1 54 4 New York . 1925-27=100 54. 1 46.4 55 0 44 2 42 6 40 1 42 4 51 0 40 7 38 4 45 1 40 1 48 0 55.0 53.5 Pennsylvania t 1923-25 = 100 40.6 33 7 32 5 39 1 37 4 53.0 34 8 33 4 37 6 45 3 42 0 00 0 49 2 Wisconsin 1925-27=100 55 3 39 3 32 5 53 8 35 0 34 0 32 6 40 6 53 3 46 8 36 4 Nonmanufacturing (Department of Labor): Mining: Anthracite 1929=100 61.6 66.7 60 7 51 0 43 2 56 2 48 8 37 4 30 0 38 2 46 6 56 8 34 3 Bituminous coal 1929=100. 44.1 44.1 37.8 37 7 38 0 36 1 30 7 29 2 43.3 37 2 26 9 33 6 26 6 Metalliferous 1929=100.. 25.9 18.0 18.1 17.4 21.9 23.9 18.7 18.7 17.8 16.4 17.0 18.3 19.0 Petroleum, crude production. _ . 1929 =100. _ 50.1 42.5 42.4 42.5 44.4 41.7 39.9 42.2 42.5 41.7 40.1 41.6 40.6 31.2 Quarrying and nonmetallic 1929=100-. 30.1 22.1 18.1 29.3 27.1 17.4 17.8 20.2 28.4 29.9 23.8 27.5 Public utilities: Electric railroads 1929=100 59.8 61.5 61 9 58.2 61 7 60 9 57.8 60 6 59 4 58 1 58 2 57 4 58 0 73 o Power, light, and water 1929—100 74 4 76 2 73 2 73 2 70 9 71 8 71 6 71 9 69 9 70 0 69 4 69 9 Telephone and telegraph 1929 =100. _ 67.0 75.7 74.3 71.7 73.5 66.1 64.6 71.9 71.6 67.8 68.5 66.7 66.6 Trade: Retail _ 1929=100 67. 1 72.3 62 7 62 7 69 2 66 9 73 6 55 1 59 5 58 4 60 4 60 5 58 1 Wholesale 1929 - 100 63 9 66 0 62 3 63 3 62 6 61 7 57 1 57 4 59 1 60 8 £8 6 56 0 57 3 Miscellaneous: Banks, brokerage houses, etc.*._1929 = 100.. 84.7 86.5 84.4 86.0 85.7 85.5 84.7 84.1 85.2 84.5 83.3 83.6 84.7 Canning and preserving 1929= 100. _ 87.1 51.8 34.4 24.8 24.2 25.6 25.9 46.2 68.3 127.0 33.5 31.8 36.7 Dyeing and cleaning * 1929 = 100.. 60.6 58.8 52.3 48.4 46.6 42.4 52.8 60.3 41.0 53.9 54.6 56.7 52.8 Hotels 1929 = 100.. 56.2 58.6 57.5 56.6 55.7 52 3 54.0 55.9 53.5 51 7 51 8 55.6 53 3 61.2 Laundries* . 1929=100 59.7 59 1 58 7 57 9 52 9 60 6 55 5 54 0 54 5 67.6 56 7 56 1 WAGES-EARNINGS AND RATES Factory, weekly earnings (25 industries): * All wage earners _ dollars16.21 19.46 16.86 16.84 16.37 14.56 19.25 16.13 15 39 16 71 18 49 19.46 19 15 Male: Skilled and semiskilled dollars. 22.40 19.25 18.83 19.40 18.55 18 67 16 54 21 99 22.16 17.75 18 94 21 18 22.04 Unskilled dollars.. 14. 35 16.59 14.20 13.89 13.92 13.66 14.42 16.17 12.27 13.30 15.83 16.48 15.97 Female ... dollars 12.22 14.28 11 86 10 97 11 56 14 21 10 96 9 93 10 09 11 03 12 30 12 93 13 83 All wage earners _ 1923 = 100 63.4 73.1 63.3 61.5 60 9 60 6 54 7 62 8 72.3 72 0 73 1 57 8 69 5 Male: Skilled and semiskilled 1923=100 62.5 72.7 60 2 63.0 61 1 60 6 53 7 71 9 57 6 68 8 71 6 61 5 71 4 Unskilled .1923=100. 64.4 74.5 63.7 61.3 62.3 62.5 72.6 55.1 59 7 64 7 74 0 71 1 71.7 Female 1923=100.. 70.9 82.8 68.8 67.1 63.6 80.2 57.6 58.5 64.0 82.4 63.6 71.3 75.0 Factory, av. hourly earnings (25 industries): .474 All wage earners *_~ .dollars.540 .468 .467 .468 .464 .460 .453 .452 .497 .531 .460 455 Male: Skilled and semiskilled * dollars.. .538 .530 .596 .527 .529 .521 .522 .527 .513 .511 .517 .560 .590 Unskilled * dollars.. .444 .381 .377 .380 .391 .432 .381 .375 .373 .368 .369 .375 .409 Female * dollars.. .311 .403 .305 .306 .303 .294 .298 .299 .303 .362 .297 .395 .300 * Nw series. For earlier data see p. 20 of the October 1932 issue (weekly earnings and turnover rates) and p. 18 of the December 1932 issue (hourly earnings and Maryland, Massachusetts and Baltimore pay rolls). Data for Massachusetts subsequently revised for 1931, 1932, and 1933. See p. 19 of the August 1933 issue. Other data are on pp. 19 and 20 of the June 1933 issue. Earlier data for Pittsburgh pay rolls not published. 0 Revised. t Data for 1932 revised. For revision of labor disputes for months January to May see p. 29 of the July 1933 issue, and p. 19 of the September 1933 issue (employment Digitized for and FRASER pay rolls). SURVEY" OF CURRENT BUSINESS Monthly statistics through December 1831, together with explanatory footnotes and references to the sources of the data, may be found in the 1332 Annual Supplement to the Survey 1933 December 1933 1933 i Febru'" I ary March | April j May | June July | August EMPLOYMENT CONDITIONS AND WAGES—Continued WAGES-EARNINGS AND Continued 1 11 BATES— Factory, weekly earnings, by States: 74.6 Delaware * .1923-25 = 100 . Illinois 1925-27 = 100— 07. 3 Massach usetts* 1 925-27 = 1 00 _ . 84. 5 New Jersey - - _ _ .1923-25=100 77.8 New York 1925-27- 1(KL _ Pennsylvania . - . . . _ 1923-25 — • 100. . 73, 9 Wisconsin 1 925-27 - 1 00 . . (if). 6 Miscellaneous data: Construction wage rates:* .510 Common labor (E.N.R.). -dolls, per hour. . 1.04 Skilled labor (E.N.R.) dolls, per hour _ Farm wages, without board (Quarterly) dolls, per month Railroads, wages. _ . -. dolls, per hour . Road-building wages, common labor :# United States dolls, per hour .37 East North Central dolls, per hour.. .43 East South Central dolls, per hour-. 20 Middle Atlantic dolls, per hour-. 37 . 44 Mountain States dolls, per hour . 40 New- England dolls, per hour.. . 55 Pacific States dolls, per hourSouth Atlantic dolls, per hour.. . 25 West North Central dolls, per hour.. .37 29 West South Central dolls, per hour Steel industry: U.S. Steel Corporation dolls, per hour.. .44 Youngstown district --.percent base scale _ _ 101. 5 74.4 61.4 73. 1 86. s 77, 9 (>2. 5 59. ') 73 7 70 L 3 s 70 ^ M 1 ' '^ 3 SJ 2 59 " ,")S 7 "9 1 "" 7 | 5" 7 "<i 1 .431 . 98 iji, t)7 . 127 .9* , . 608 .',15 . 32 . 37 . 19 . 35 . 44 . 34 . 48 . 19 . 32 97 .38 94. 0 71. »j ' ). 7 V <;/. i '37 .20 3\ 14 jS '2' • 32 . 20 .3s 94 0 2i ''',2 .'.U 71.7 (51.9 70. 1 ! 82. 7 : 72.3 ! 5(5. 8 54. 1 68. 57. 06. 78. 71. 55. 52. . 427 99 .429 i 1 . 00 i [ .42 .9 .'ilh . 031 . 32 '. 32 2H 3') ' , 44 . 20 3 . '3 H 1 .'>' 4s , _ll 34 1 .50 .22 !31 >~ 3s M4 0 \ '-7 . 3s 94.0 i 72.8 74.7 78.7 72.3 72 22 9 . 60 .32 . 39 . 20 . 35 ' 44 . 33 . 51 .3 .4 .1 .3 4 .3 .5 '. 35 '. 3 . 28 .2 .38 94. 0 .3 94. .38| 94. 0 I FINANCE BANKING Acceptances and com'l. paper outstanding: 704 Bankers' acceptances, total... mills, of dolls. . 671 699 737 710 694 720 707 697 669 687 738 715 Held by Federal Reserve banks: 3 4 1 1 1 For own account mills, of dolls 307 °80 41 2 164 13 For foreign correspondents mills, of dolls. . 39 41 30 45 31 40 43 36 37 36 40 41 Held by group of accepting banks, total mills, of dolls -. 592 604 626 261 404 552 605 325 055 505 487 499 517 Own bills mills, of dolls 271 224 252 1 99 201 153 229 268 256 206 248 201 236 Purchased bills mills, of dolls 321 406 124 380 108 199 247 380 370 276 287 304 282 52 62 42 Held by others _ _ _ - .mills, of dolls 85 112 123 147 154 38 86 115 28 156 Commercial paper outstanding 72 84 64 mills, of dolls113 130 110 81 85 60 73 97 107 123 Agricultural loans outstanding: Credit banks, intermediate--_mills. of dolls. _ 92 86 82 88 85 ^133 89 98r 95 87 83 107 127 1, 12. i 1 121 Land banks, Federal mills, of dolls 1 116 1, 107 1, 125 1, 103 1 102 1, 104 1 110 1, 105 1, 101 1 112 1 110 Land banks, joint-stock mills, of dolls. . 420 404 364 382 395 390 378 409 399 386 375 372 9 26 787 25 298 22, 062 22 624 Bank debits, total mills, of dolls 31,232 25 451 2*> 437 26 307 25 486 29 712 24 555 20 750 4 466 12, 944 12,454 12,012 New York City mills, of dolls 17,354 12,036 9 815 13. 967 12 413 13, 280 13, 977 16, 743 13,076 12 340 Outside New York City _ . .mills, of dolls - 13, 027 12,354 9,608 10, 612 11, 509 12, 969 12, 375 10, 935 13, 878 12 215 12,820 12,053 10, 401 Brokers' loans: Reported by New York Stock Exchange 322 mills, of dolls. . 325 311 359 360 776 529 780 91G 917 338 347 897 1.56 Ratio to market value percent.. 1.39 1. 52 1.52 1. 56 1.83 1.20 1.63 2.80 2.50 2.58 2.15 2.74 By reporting New York member banks 362 749 mills, of dolls 454 512 876 353 394 418 ' 635 764 881 806 Federal Reserve banks: Acceptance holdings. (See Acceptances.) 6 442 Assets, total mills, of dolls 6 8895 905 G 610 6 115 6 033 6 464 6 606 6 466 6 531 6,607 5 986 6 735 Reserve bank credit outstanding mills, of dolls. . 2, 549 2, 227 2,794 2, 572 2, 459 2,202 2, 145 2,209 2, 297 2, 077 2,218 2,220 2,421 34 Bills bought mills, of dolls.. 7 305 171 9 7 7 33 31 336 48 35 20 582 Bills discounted ... .mills, of dolls 116 328 274 426 435 302 164 167 153 309 235 128 1,851 United States securities .-mills, of dolls. . 2,421 1, 855 1, 763 1, 866 1,838 1, 837 1,890 1,998 2,028 1, 851 2,129 2,277 3, 195 3,793 3, 242 3, 455 3, 633 Reserves, total mills, of dolls. . 3,817 3,813 3,820 3, 331 3,126 3, 807 3,457 3,805 3, 003 2,952 3, 250 3, 256 3, 416 Gold reserves mills, of dolls. _ 3,591 3, 520 3, 543 3, 548 3, 588 3, 049 3, 151 3,591 6 442 Liabilities, total mills of dolls 6 889 5 905 6 115 6,610 6 606 6 531 5 986 6 033 6 464 6 466 6,607 6 735 2, 446 2, 554 2,394 2,544 Deposits, total - - -mills, of dolls _ 2,885 2, 561 2,133 2, 380 2, 494 2,675 2, 481 2,236 2, 748 Member bank reserves.-.mills. of dolls. . 2, 685 2, 383 2,294 2,411 2,141 1,949 2, 132 2,292 2, 509 2,446 2,409 2,167 2, 438 3,012 2, 709 2, 692 3, 698 Notes in circulation mills, of dolls 3,094 2,766 2, 739 2,725 3, 417 3, 428 3,203 2,988 3,002 65.2 62.0 62. 9 59.3 68.2 68.3 67.4 62. 6 65. 5 55. 3 62.6 Reserve ratio percent- _ 68.0 66.2 Federal Reserve member banks: * Deposits: 10 763 9, 745 11 041 11 233 10, 427 Net demand mills of dolls 10 653 11 051 10 348 10 741 10, 475 10 918 9 996 10 505 4, 666 4, 633 4. 622 4,282 4,533 4,508 4,611 4,315 4,330 4,330 Time mills, of dolls. . 4,470 4,406 4,501 7, 974 7, 974 7,884 7,941 8,011 8,074 7, 988 7,910 7,669 8,156 Investments mills, of dolls. _ 7,619 8,213 7, 989 9, 003 8, 332 8 982 8,871 8, 782 8,404 Loans, total mills, of dolls 8, 593 8 452 8,533 8,281 8 485 8, 546 8 540 3, 644 3, 604 On securities mills, of dolls 3, 786 3, 764 3, 789 3,751 3,772 3,766 3,727 3, 698 3,713 3, 748 3, 687 4 774 All other loans mills of dolls 5 217 5 082 4 989 5 218 5 031 4 554 4 688 4 706 4 772 4 767 4 704 4 853 Interest rates and yield on securities: 1 1 3 Acceptances, bankers' prime percent- . /«2 M-K iH-3^ Hi-iM H A-H A H li-H Y% YrK *A M Bond yields. (See Bonds.) 3.32 Call loans, renewral .. -percent 1.35 1.00 1.00 . 75 1.00 1.00 1.00 1.00 .98 1.00 1. 37 . 75 Com'l paper, prime (4-6 mos.) percent-2-3M 1H-2 1M-2K iH-iM iX-iH 1M-1M iM-^2 1M-4M IK 2-2M IK-IK Discount rate, N.Y.F.R. Bank percent-- c 2. 00 2. 50 « 3. 50 2.50 2.50 2.50 2.50 2.50 <3.00 '2.50 2.50 2.50 2.50 5.58 5.58 Federal land bank loans percent. . 5.00 5.58 5. 58 5. 58 5.58 5.58 5.58 5.58 5.00 5.58 5.00 Intermediate credit bank loans percent. _ 3.13 3.38 3.35 3.10 3. 10 3.10 3.10 3.13 3.17 3.10 3. 25 3.10 3.13 Real estate bonds, long term percent 5. 50 6. 00 5 50 Stock yields. (See Stocks.) 1 1 Time loans, 90 days ._ ._ .percent . Y^-\< V9 \-\y> 1-1! 4 %-l zi-l'z 1-1li H-l'i A Hrl!4 2^-3>4 A H-34' Savings deposits: 5, 314 5, 164 5, 049 5,271 5, 205 5,269 5, 220 New York State mills, of dolls.. 5,317 5,113 5,130 5,085 ; 5,059 5, 079 # Beginning with March 1932, method of computing rates was changed. a Revised. c Rate changed Mar. 3, Apr. 7, May 26, and Oct. 20, 1933. p Preliminary. * New series. For earlier employment data see p. 18 of the December 1932 issue. Data for Massachusetts subsequently revised for 1931-32-33. See p. 19 August 1933 issue. Data for construction wage rates appeared on p. 19 of the Septemoor 1933 issue. Earlier data for Federal Reserve member banks not published. These data cover 90 cities and supersede the previous data for 101 cities. Present series are available from January 1932 to date. m 1M-1M SURVEY OF C U R R E N T BUSINESS December 1933 31 Monthly statistics through. December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October 1933 FINANCE—Continued | 1 BANKING— Continued Savings deposits— Continued. U.S. Postal Savings: Balance to credit of depositors thous of dolK Bilmce 011 deposit in b-mks thou of elolK F U LITRES B ink suspensions To* il nunibe 1 Deposit Inbiht'es llious of dol's Commoicnl f ulme r \ ot il nupib( i \_cnSf i n d l i o l e ' s ii'imbei T Manu icluieis tot il HII iber I oodstutls jnd tob K C O 1 eithei and nnni'tic^i ts I umbei Met i's in 1 m c h i n n \ Pimtm< uid en i \ i n More el i\ md i ss ! exti'es Mis ell intous r \ \ idi.T tot u Books ind p ip< ( hei lit il d i n uid j > i ( ( loth i ^ i ood nd tob u ( o denei il Me H s i i o u < h< 1 1 fi t > s t u n M i s f c h nt )us I I I I i h t i e , t ( l t1 Hi 11 , ' on h< u imnts thous. I oodstutl in 1 ' < ' ( a » t h o u ! e i t ' k i and i i n u u 1 UK s !' ms I umbel thou Met ds and n id ui i T thou Pun* m., and en i n tl i stone di\ m d - l i s t'nus textiles tl ( i-> MISM h neous hoi' r l ndp's, tot 1 (1 01 f Bo ;ks i n d i n p u ( h mir il , diu°s l,lb f J,581 870, 82 >> t)j<) XV) 881 2 i7 i 900 790 ^42 >1 ) 1 10' 18) 1 112,715 V>8 410 1,178,788 1,185,105 "1,176,669 1,177,626 1, 180, 573 779 97 ! 7< y i 72 > 7< , 9i I'd 70 9! t 2 07 liJ 2 4M> 1(>9 (»1 1 1i (7 17 7s H )> is <»' ~ ^ (»x ) 17 1 i >I Ml ! .*'<•» 1 JUb 112 314 jj •it) 1) id i ' :>! 22 19 i > 11<» 7^'.) 1!) ) H iic i! !(• 170 0 X2 X J «~ v S Of d IK jr ts^ i, * J i -i1 of dolls ol <U 1's of dolls ol dolK (/doll 01 (a 11 01 (io'ls of do'K of <MK oi < ! c 1" h7t ((S -t i 7 1 's, _ 275 150 o!2 j j. )2 1() 70 r f> 51 _() 71 197 1 M 2' 121 2~X j () 'XO ] t) 18 15 00 11 2/ 27 (,7 170 1 \( 1 20 1 US „j |> >*> 2»(> >27 >- o7() *" / , I S SM ( ( ( 1 '(} ) ! _ u >„ j , , t jl h fn'S __^ (jj*. ' "87 971, 142 978 280 l/MS 1 <) 1 1 )0 l-*7 4 '2 10 1 909 101 100 93 ( f doll ofdolK of dolls of <!ol s ( f d< I' 9j j > 7u2 -? ^-0 j 1,120 1, >70 | 1 t f' 1 ; -t^ J H j K)l f < j 27 > f>MJ I q(') ') 17o - > 117 11,2 _•> f 5 -oT 17 7H) I (,t ' > S >9 1 b)' -5 3(>() o, 78} 9 if) ' 07X x 22! 1 UM > .}> t 217 X4o )7 x 11 " <M « 1 ) il ^ ') f K > ( i ) 1 (MO W ! i0 > • > '12 ') 7 ' i< i Ii * > ' 747 I') V 1 7 212 u 1 'f 0 -! ^ ^ 1 ] 1 '-1 <97 j(i 1_ ) _( '»_> In" t i » i , 7 ^, SM 1 5 [ oJ ' H 1 >i - <2 11 ' (0 ( ^_1 0) fi ) > >t<) Mil « -U 2 9 i7 18 4 > 1 27 22 04 ! 1"() l t > i1 X' „ () ' 1 ' 1> ! f >7 > 9 i >/ _< n . 1 >i( ^ {) 34 > 2 It 1 i<4 1 ls2 1 1-0 X 4( 7 J 2 0 t) 7- 42 11 42 49 18 17 30 123 1,003 18 99 148 387 41 134 ' 174 20 4 37 38 13 17 19 121 728 42,776 9, 307 i 15, 192 | 21,847 4,833 7,646 | 55,31) 4.J20 >r> J50 72 121 279 050 704 14 228 421 >2 > 5 018 2 42 r ()QS 2 807 1 410 1 7°0 ( *75 ! 1 271 irl %4 7 6.x " SO 2,, 9 1 20 V 77 374 0-7 2, 100 2 179 07X 1 US 918 5 12 1 17 X7X ^2' 559 2, 285 ' 858 420 436 689 2. 635 13, 544 223 35 2, 052 2, 995 213 631 591 6, 001 18, 217 320 14 2, 102 771 404 248 355 3,510 9, 368 31 1 J U> 2, 7 1 1 4 r 70 9f ' 1 1 1 1 10, 2, 432 ) 004 5x7 882 1,401 3, 971 446 ' ^1 2,303 1,574 2, 347 6, 757 491 2, 334 4, 394 598 1,113 2, 928 218 1,754 2, 720 ( -0 UP i57 0» 17 017 5 <IV) 1 ,4! 4 Ou 17 f h d V 10 17, 107 5 870 17, 134 5, 837 1, 300 1, ^ \\-rn 4. 565 4,537 17, 102 5, 794 1, 286 4, 508 f 27" r> f 7 6, 326 1 , 522 1,671 2.615 '518 6, 389 1, 569 1, 081 2, 619 520 6,428 (> 4<*7 IX / 7 <) ii _•{ • ^r ^2 ' 2 ) 59 Z 7* 0 4' i () 1 1 i 5 7, •* ' - 1' 20 i «U ^ 019 1 HJ* '> 7i i t K > 1 ' (;7< I t Osl (» 0 1 277 > 7() 1 >-. 1 (,X i <it> 4(<j) t is i 0 ^JJ '.Jr«, l ( o ' f 1J 1 rs 1 071| 1 2 rr < 14«> i t i - H'J 1 u , i i (7 ' Jx 1 pl,o/2 „ ( " 1 -i4i 1 070 20} -915 - &}(> 2 941 2 - <• ( 7 2 °97 I is 2 h 1 >-0 ' *" 3 hous of eiohs tuous of 'o1! -12 b 1 S K Ki lc^ 0 . 3 3 J US 184 XX_ 4 009X thous of eioMs 9 0-4 17 0-57 '2 2X2 c Industiid of (lolL 53 612 L nou Oidmirj thcus of <K IK llr4S4 (Lifo I r s u r i T u e s i U b R ^ p i r c h B'nciu) Insui i nit \\iitte-ii 01 i mn UHil nnlis of dolK 4f( i^ 11 c^siein distiut nulls of d )1K i l Jr t u \\ ( sura distiiet m i l s of dol's > bout b u n district nulls of dolls 51 ^est.iii district nulK of d >lls 172 L ipse J ites 1925-2';=- 100 MONETARY STATISTICS Foreign exchange rates: Argentina dolls, per gold peso. 0. S(U Belgium dolls per bel°a '?OT . OX,' Brazil . dolls, per niilreis.. Canad;i_-_ dolls, per (\~inadian dolL. ICti oxu Chile.-- . _ - _ . ... - . _ dolls, per peso England __ .-dolls, per £._ 1. 1>7 France _ dolls, per franc . o,~>x (Jerinanv dolls, ner rciehsmark .:i r )t 58? OuJ 153 91 J v ma 2 <( 1 0 9 ^J "1 4S 479 200 49 51 179 0. 580 . 139 1 . 070 .912! .000 1 3. 40 i . 039 i . 238 i ^2 ( . ,r IX <)() I 007 i 4 09 3 2, xs^ 3 700 793 1(7- / i i 17 (» 1 1 1 < ir oil i ru* ;(5 1 1 0 1 t '0 2 ( _7 r l~ 1 o05 2 01^ 518 2 9 2 )*~ 2 ( X7 i 2 970 9 on* 2, 957 2,951 1 047 12 7< > ^ ) M Mi ( 1,070 33 802 24'-* 666, 095 42, 456 205, 780 1, 156 18 881 257 688, 620 24 437 229', 545 434, 638 21,900 962 33 702 226 577, 776 23 028 1801 105 374, 643 208 976 17,' 051 156,147 47! 853 145, 626 52, 939 132, 144 483 195 50 56 182 493 207 48 58 180 418 167 43 52 156 0.807 0.794 1, 1 M i i < 4 11 OM .i M() 7 5 20 1,070 2 i 792 258 0X7 770 1 4 ^ 1 ) ' S 21f( M X ,1 ^ 4 573 MiS I C O J_' ^ IX- 701 18{ i6J i > < A X , 42i 005 190 138 4o2 7^2 1(A 040 446, 435 2-t _ 1 j7 (u2 29 ,1 9 2 ° IfO 14 m i 2-7,102 H 900 241r 770 ] °>OX zo/,ooo 22 050 u i r ( i') i «()7 1 2 7 j9 «=( i < s l^ i49 i^ 5D 157 799 fj-} 410 105 ^i2 50, 98 < 150 883 'i > ( > ( ^ J 7 ' r 1 0. 580 . 139 . 070 ' .873 ; .000 3. 28 . 039 . 238 For earlier data see pp. 18, 19, and 20 of th.> J u l y 1933 |7 1 -11 4f ^] 10( 58 115 284 35 93 138 0 293 1,4^4 1,009 2 til ) 517 0 4> ' X( » 7 M 9>0 51 n^ ! l i f ^ IS, ii9 ' I X 1 Hi-v K,<j 221 i~ 5] r<! o. t ((,! 115 273 4 1 5 047 15 '»7 200 3X7 to i, / ^ In lustrni Oidu m t Revised series. 1,116 19 021 41 131 ] Io5 17 1 230 0 2il ' i Ol S U K i f a a Digitized forcollections). FRASER Revised. < 4 35 11 40 40 32 17 (1 1 7^ )7H %<) \nnpities 1,472 114 357 >i r > i-<7^ 074 i:> 44 00 3,3 17 44 lii 1 > > 1(' i_") 2 <» \<> 212 0 2 \ f)^ Ol d l l I \ 1,421 120 325 33 11 30 26 20 11 42 145 976 15 100 1 38 304 3f] 140 177 27 481 5 655 X, 282 41 (') 1 "i HlSUlds I iQ' i 133 302 J2t _7> 51 I1"", b .Jo d ~ I u t n il <(J 04s 91 .7() 0 1 » 7 0 i) i * Of) 1 > / > , 7, 4S 17 i9 'I 38 21 45 1 )7 1 2X2 20 119 191 ! 1 J .'X jH ix ( < 7 1> 17, )X ' d <>, NO l,t>r» ] K<2 J t S 5-0 t'iou-> of dolls ( ! ' ' <>(> ( i 0 ' »i" ' 1> > ' \ i'ue, to* 1 !T ' I t ; 1 028 ^> 7*7 ^^ < 1. M ' (flOUp 950, 814 r" i vi 1 (,<i o U 2 27 1 1,1 1,J 4 , H2 ' 1 < i72 J> ( 0 2/2 i 4 <) J s / „ ,7X IT ( ) 1> ^ 17 i > 9 27 ^2 I -ll» 1 721 ' 21 M ' U I L iNsr::\\c f ( Vs ) u i i ion of 1 if ! i IP e 1 K i 1« n' i- <1 i ' U » 1 ot i l l m 'Is (f d( T Moi. t lo ns - ill! (f ( 1 s ! .n n i u K < f U ( 's 1 <)( i iiulls o f do'ls Bonds md U c k s hdd (n k \ d u e ^ nulls of doll d o v e i u i ^ent n ihs o f dolls Public utihtj Pills <f(!oO> R nh oul mi 1 < i < oiK OMit v IK ol u IK Poll \ ] o u s ind p t r Una i i us mil of doll In n n t e \ r i t t ^ n f Polui s md a t t i l i M c s th,usmds 949, 049 976, 377 « 960, 170 IIS 72 ^70 2 910 , 172 ( > '7 ! 00 18 02 'x 10 >J 2(S 21-L*U ' itP (»/ > i1- j 7- } Oi > i _<;•! )11 t i l O ] j S ( f HOIK tl o is t l i ( us i ous in h o p s u is x">2 ° o * . 1 i > (, u _ 0 i ' ) f 1, I-* * 9! 7 1 2 ,u / nd ' iiit-, (1 '( ilmu < o( s i n d t o h u « ; ( i T >ei 1 ston s I'ouseiii ' 1 f u n d h i s M i s c e l l < n i ous j 1 A n IN of ('olK h o i s ol 7h3 921 10' 20, 092 numtx r numba nun 1 be i nuii'bei nLinbei nun bu iiunibc 'mi ib( i n rut n nunit muni ( mm I n ' nun i ' n imb< ' i ui bu r in ibei Uent ind biol s M mill c t u u i ^ 1 »t ' ( lien ic ds dm s m l >f)_ i " 14 i 0>i 14 / 17 7f>J •I*. '>K.W ( * 77X 0'" ! j<)4 20o 4>J 158 js 2^; 1 X 1 ( 1 (, 1K» K _17 1* ! ' 2 0. 580 i . 139 ' . 07(1 1 .KM j .000! 0. 580 . 139 . 070 .875; . d»,n 0. 580 i .140 . 070 .835 .000 0 5XH ; . 140 i „ 070 ! .835 .000 0. 005 . 145 . 070 .847 . (Mid i 0. 079 . 103 . 076 .870 .003 0.711 ! 3. 28 i :;.::<! 3.42 3.43 3.58 3.93 4.14 .039 • . 238 I .03-; i . 238 ; .039 : . 238 AW.) . :>39 . 041 ! . 244 i .040 ! . 274 i .048 .288 2 1 4) 4X 100 Io2 49^ 213 49 ! 55 178 417,859 254, 831 36, 407 8, 252 54, 025 490 -(9 47 57 177 000 001 Z/O, /ol 1, 599 1, 689 2, 616 521 ft 0, 849 o4/ 154 171 1 Qfi . 070 .899 .075! .' 079 > .945 i .084 ] 199 . 080 .943 .082 4.05 4.50 055 . 333 .054 . 327 0.801 .207 . C82 . 965 .087 4.06 . 058 . 354 (insurance v. r i i l c n tuvl admitted assets); and p. 18 of the June 1933 issue (premium 32 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October October 1933 No v e m b er - December 1933 1933 Decem- January ber u ^y ai yT " March April May June July August Se em P^ uer " FINANCE— Continued MONETARY STATISTICS-Continued Foreign Exchange Rates— Continued. .350 .257 .248 .248 .254 .258 India . - . dolls, per rupee .258 .269 .296 .311 .349 339 350 .051 .078 .051 .051 .051 .054 .051 .051 .061 .064 072 Italy . dolls, per lira. _ .074 078 .231 .278 .207 .213 .221 Japan dolls per yen .206 .207 .208 240 269 258 288 273 .402 .402 .402 .402 Netherlands .. dolls, per florin .403 .404 .600 .470 562 .420 .490 554 599 .082 .082 .082 .124 .082 .082 .084 Spain dolls, per peseta ._ .089 .100 . 104 .117 115 124 .241 .175 .182 232 Sweden dolls, per krona . 179 183 . 183 202 213 .174 . 188 240 241 .474 .473 .474 Uruguay dolls, per peso .473 .473 .708 .473 .532 .478 560 651 648 702 Gold and money: Gold: Monetary stocks, U.S .mills, of dolls 4,324 4,226 4,292 4,429 4,547 4,491 4,260 4,317 4,319 4,301 4,313 4 323 4 327 Movement, foreign: Net release from earmark. thous. of dolls.. 26, 867 45, 774 48, 566 * 71, 023 •''-91,494 *-178,285 k- 100,092 33, 701 22, 114 84, 471 3,545 79, 467 49, 305 61 Exports thous. of dolls. 34, 046 16 14 13 21,251 28, 123 16, 741 22, 925 4,380 85, 375 81,473 58 281 20, 674 30 397 Imports thous. of dolls 1,696 14 948 21, 756 100, 872 128 479 6 769 1 785 1 136 1 085 1 496 1 544 Net gold imports, including gold released from earmark#* thous. of dolls —5, 483 66, 387 70 306 171,872 36 957 — 169 409 — 113,287 23 729 975 301 —921 592 —7 442 Production, Rand fine ounces. _ 908, 888 974, 965 978, 716 960, 618 967, 457 883, 775 946, 863 895, 097 944, 604 918, 633 923, 671 934, 714 901, 799 Receipts at mint, domestic. ..fineounces.. 155, 532 171, 220 163, 545 141, 598 115, 188 89, 016 187, 694 120, 461 114,017 64, 445 99, 581 86, 265 105, 985 5,643 Money in circulation, total.. .mills, of dolls. . 5,656 5,643 5,699 5,892 6,998 5,631 5,876 5,742 6,137 5,675 5,616 5,632 Silver: 1,316 1,260 875 209 269 Exports thous. of dolls.. 2,281 1,551 235 2,572 193 343 7,015 3 321 1, 305 Imports thous. of dolls 4, 106 1,693 5,275 1,494 1,203 855 15 472 1 763 11 602 1,520 5 386 3 490 .272 Price at New York dolls, perfineoz . .382 .279 .250 254 .261 .267 .341 .357 .307 361 376 384 Production, estimated, world (85 percent of 11, 334 a 9 676 total) thous. of fine oz 10, 381 10, 493 8,280 11,656 9,772 9,658 9,003 8 726 10 917 11, 674 10 226 1,853 Canada thous. of fine oz._ 1,092 1,309 1,638 1,005 1,019 1,014 644 1,227 1,747 1,007 1,015 1 618 0 6,067 5,902 4,221 Mexico . thous. offineoz.. 5, 000 6, 436 7,159 5,547 5,197 5,067 5,920 4,628 5,738 4, 324 1,918 2,574 United States thous. of fine oz 1,627 1,781 2,052 1,933 1 960 1,603 1,907 1,465 1 552 1 489 1 918 Stocks, end of month: 6,035 5, 931 United States thous. of fine oz 5,669 5 801 5 444 5 432 7,060 8 261 8,568 6 583 8 215 3 665 3 537 1,701 Canada thous. of fine oz._ 1,909 1,651 1,859 1,707 1,785 1,559 1,690 1,640 1 831 2,340 2,028 1 862 NET CORPORATION PROFITS (Quarterly) Profits, total . mills, of dolls. . 123 8 309 1 209 5 Industrial and mercantile, total d d mills, of dolls. . 37 9 18 6 77 2 d d Autos, parts and accessories mills, of dolls __ 30.9 4. 6 50 1 Foods mills, of dolls _ 18 9 17 8 25 8 d d Metals and mining. _ _ mills, of dolls.. 6 1 16 2 1 d d d Machinery mills of dolls 3 9 16 0 1 d d d Oil mills, of dolls.. O. 2 15.0 10 2 Steel and railroad equipment d d d mills, of dolls.. 30. 1 30 7 15 9 Miscellaneous .mills, of dolls 14 4 17 1 25 4 Public utilities mills, of dolls.. 62 0 67 1 65 6 Railroads, class I mills, of dolls.. 130. 8 33 9 119 2 Telephones mills, of dolls.. 54. 6 41 4 47 1 PUBLIC FINANCE (FEDERAL) Debt, gross, end of month mills, of dolls.. 23, 050 20, 813 20, 806 20, 806 20, 802 20, 935 21, 362 21, 441 21, 853 22, 539 22, 610 23, 099 23, 051 Expenditures, chargeable to ordinary receipts - thous. of dolls 404 458 373 209 246 159 762 406 247 785 213 091 282 368 352 464 270 053 411 352 203 150 181 926 258 327 Receipts, ordinary, total. .thous. of dolls.. 272, 747 148, 004 124, 507 351, 695 134, 044 121,312 283, 286 130,552 167, 152 306, 162 179, Oil 197, 533 333, 252 94 744 Customs thous of dolls 94 051 19 9?9 31 938 22 913 17 444 33 793 18 35° 16 442 25 081 32 690 17 400 20 515 Internal revenue, total thous. of dolls. _ 164, 148 89, 850 85, 484 210, 995 86, 805 90, 715 242, 464 89, 062 114, 754 251, 601 131,116 163, 158 318,986 Income tax thous. of dolls 10 348 13 063 14 328 141 033 134 343 27 713 176 259 19 500 14 091 17 889 15 688 146 575 11 983 Reconstruction Finance Corporation loans outstanding, end of month: Grand total thous. of dolls 1 829 663 1 088 882 1 122 722 1 224 800 1 310 342 1 473 870 1 597 590 1 674 876 1 823 882 1 852 903 1 85^ 242 1 864 817 1 852 456 Total section 5 as amended . thous. of dolls.1,398,176 . 1,057,454 1,069,644 1,127,771 1,170,616 1,294,424 1,361,577 1,384,232 1,473,600 1,478,490 1,461,563 1,458,184 1,432,249 Bank and trust companies including receivers thous. of dolls.. 666, 463 574,611 572, 586 594, 631 611,789 669, 217 691, 385 686, 867 736, 926 673, 821 672, 003 689, 180 682, 318 Building and loan associations thous. of dolls. _ 72, 192 78, 923 81, 135 84, 248 85, 372 87, 385 86, 475 84, 832 83, 586 81,891 80, 139 78, 055 75, 604 Insurance companies thous. of dolls.. 67, 596 57, 894 58, 864 62, 449 62, 902 63, 060 72, 259 72, 484 73, 779 70, 098 68, 022 68, 241 67, 793 Mortgage loan companies.thous. of dolls.. 157, 101 76,711 77, 396 77, 080 79, 464 109, 812 113, 353 110, 300 110, 257 155, 508 155, 094 158, 357 158, 199 Railroads, including receivers thous. of dolls .. 330, 157 241, 432 249, 952 272, 472 280, 042 296, 230 310, 921 323, 196 340, 856 354, 061 331, 290 331, 102 331, 755 All other under section 5. thous. of dolls.. 104, 367 27, 885 29, 711 36, 890 51, 074 68, 718 87, 182 106, 550 128, 192 143, 107 155, 010 133, 245 116, 575 Total emergency relief and construction act as amended thous of dolls 362 135 31 428 53 078 97 029 139 697 179 447 993 264 270 313 324 800 330 950 342 037 347 315 3*3 813 Self liquidating projects, .thous. of dolls.. 56, 038 '360 15, 737 20, 684 25, 126 27, 231 30| 134 4l[ 801 48, 540 18* 337 37, 972 18 664 Financing of exports of agricultural sur' pluses thous. of dolls.. 3 912 3 402 1 498 3 687 Financing of agricultural commodities, and livestock thous. of dolls ._ 3, 170 1,277 1, 325 2,742 2,920 450 1, 205 2, 445 3,195 1,228 2,724 2,571 1,213 Amounts made available for relief and work relief thous of dolls 299 015 30 979 51 442 79 968 120 148 l r )0 557 9Q1 376 249 743 294 846 298 075 299 373 299 193 299 015 Total bank conservation act as amended thous. of dolls.. 66, 052 12, 750 43, 464 51, 643 20, 333 59, 320 63, 096 25, 483 Agricultural adjustment act of 1933 thous. of dolls. _ 3,300 3,300 CAPITAL ISSUES Total, all issues (Commercial, and Financial Chronicle) thous. of dolls- 59, 363 124, 062 76, 400 157, 920 109, 963 56, 513 19, 094 45, 388 59, 643 222, 644 161,990 52, 901 94,176 94 176 Domestic, total thous of dolls 59 383 120 047 76 400 157 990 109 963 43 788 19 094 56 513 59 643 162 644 161 857 52 901 Foreign, total thous. of dolls.. 0 0 0 0 0 0 0 1, 600 ' 0 4,015 133 0 60, 000 Corporate, total thous. of dolls. 3 109 28, 844 67 489 41 591 5 418 35 541 60 378 26 765 64 517 37 555 15 634 95 955 14 050 o 9 043 Industrial thous of dolls 3 109 763 8 766 3 270 2 660 6 966 7 592 15 415 86 730 14 050 22 903 o o 1 200 o o o o 1 089 ' o ' o Investment trusts thous. of dolls 0 o o 0 o o o o 0 0 o 0 o Land, buildings, etc thous. of dolls 600 220 900 o o o o o o o o o o Long-term issues thous of dolls 900 220 200 Apartments and hotels, thous. of dolls. . 0 0 0 0 0 0 0 0 0 0 0 0 0 Office and commercial .thous. of dolls.. 0 0 0 0 0 0 0 0 0 0 0 0 0 o o 60 523 37 608 3 124 44 925 Public utilities thous. of dolls 414 28 104 3 000 2 148 6 591 7 000 0 0 o 0 0 o 41,963 1 061 Railroads... . thous. of dolls 1,800 15, 000 12 000 36, 241 4,778 3,862 0 0 0 0 0 o Miscellaneous thous. of dolls.. 0 0 0 0 0 1,355 75 Farm loan bank issues.. thous. of dolls.. 0 5,000 9,100 13, 000 9, 500 1,400 0 0 0 0 35, 000 0 30, 000 Municipal, States, etc thous. of dolls. _ 56. 254 43. 458 29. 809 116.076 35. 946 17. 558 13. 677 9.847 44. 009 102. 266 31.035 38. 852 37.411 * New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issues (net dgold imports), and p. 20 of the August 1933 issue (Reconstruction Finance Corporation). « Revised. # Or exports (—). =deficit. * Allowance has been made for gold earmarked at Bank of England for the account of the Federal Reserve Bank of New York. * Differs from Federal Reserve Board figure, since $8,900,000 declared for export on Feb. 28 was not actually taken from Federal Reserve Bank of New York until Mar. 1. December 1933 SUEVEY OF CUERENT BUSINESS 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January in the 1932 Annual Supplement to the Survey October October November ber 33 1933 February March April May June July August September FINANCE—Continued CAPITAL ISSUES— Continued Total, all issues— Continued. Purpose of issue: 58, 702 New capital, total thous. of dolls Domestic, total .thous. of dolls. _ 58, 702 3,109 Corporate thous. of dolls 0 Farm loan bank issues.thous. of dolls.. Municipal, State, etc. .thous. of dolls.. 55, 592 0 Foreign.. thous. of dolls 662 Refunding, total... . thous. of dolls, _ 0 Corporate thous. of dolls Type of security, all issues: Bonds and notes, total thous. of dolls-. 56, 254 3,109 Corporate thous. of dolls Stocks... . thous. of dolls — 3, 109 State and municipals (Bond Buyer) : Permanent (long term) thous. of dolls.. Temporary (short term) thous. of dolls SECURITY MARKETS Bonds Prices: All listed bonds, avg. price (N.Y.S.EJ dollars .. 82.33 84.70 Domestic issues _ dollars Foreign issues ._ dollars.. 72.85 Domestic (Dow-Jones) (40) 66.99 percent of par 4% bond.. Industrials (10) . .percent of par 4% bond.. 56.50 Public utilities (10) 75.83 percent of par 4% handRails, high grade (10) 85.47 percent of par 4% bond.. Rails, second grade (10) 58.38 percent of par 4% bond.. 86.5 Domestic! (Standard Statistics) (60) -dollars. _ U.S. Government (Standard Statistics)* dollars .. 103. 51 Foreign (N.Y. Trust) (40). .percent of par... 58.78 Sales on New York Stock Exchange: 251, 520 Total thous. of dolls, par value Liberty-Treas— .thous. of dolls, par value-- 34, 678 Value, issues listed on N. Y.S.E.: Par, all issues mills, of dolls- 40, 875 Domestic issues mills of dolls 32 680 Foreign issues mills, of dolls.. 8,195 Market value, all issues mills, of dolls 33, 651 Domestic issues mills, of dolls.. 27, 681 Foreign issues. ...mills, of dolls.. 5,970 Yields: Domestic t (Standard Statistics) (60) .percent5.39 6.49 Industrials (15) percent.. Municipals (15)f,. _ percent-4.60 5.12 Public utilities (15)— percentRailroads (15) percent-5.35 Domestic, muniipals (Bond Buyer) (20) 5.01 percent — Domestic, U.S. Government: Treasury bonds (3 long term) percent — 3.42 Treasury notes and certificates (3-6 months) _ ... .percent .09 Cash Dividend and Interest Payments and Rates Total (Journal of Commerce).., thous. of dolls- 645, 205 Dividend payments thous. of dolls 180 150 Industrial and miscellaneous thous. of dolls— 129, 750 Railroads, steam... thous. of dolls.. 18, 200 Railways, street thous. of dolls— 4,300 Interest payments thous. of dolls 465 055 Dividend payments ( N. Y. Times) thous. of dolls- 123, 492 Industrial and miscellaneous -thous. of dolls — 117, 263 6 229 Railroad thous of dolls Dividend payments and rates (Moody's): Dividend payments, annual payments at current rate (600 companies) mills, of dolls „ 978.2 Number of shares, adjusted millions 923. 80 Dividend rate per share, weighted average (600) dollars 1.06 Banks (21) dollars3.99 Industrials (492) —dollars.76 Insurance (21) dollars1.66 Public utilities (30) dollars 2.07 Railroads (36) dollars.91 100, 020 96, 005 48, 474 9,100 38, 431 4,015 24, 042 19, 015 44, 801 44, 801 10, 633 5,000 29, 168 0 31, 599 30, 958 122, 713 122, 713 10, 399 13, 000 99, 315 0 35, 207 18, 446 64, 610 64, 610 22, 157 9,500 32, 953 0 45, 353 42, 360 19, 636 19, 636 1,314 1,400 16, 922 0 36, 877 36, 241 16, 265 16, 265 3,170 0 13, 095 0 2,829 2,248 24, 928 24, 928 17, 335 0 7,593 0 20, 460 18, 207 43, 802 43, 802 3,584 0 40, 218 0 15, 841 12, 050 110, 148 110, 148 12, 082 0 98, 066 0 112, 496 48, 296 117,083 116, 950 52, 760 35, 000 29, 190 133 44, 907 43, 061 45, 600 45, 600 14, 050 0 31, 550 0 7,302 0 63, 814 63, 814 8,911 18, 000 36, 903 120, 770 64, 198 3,291 74, 487 39, 678 1,913 153, 209 24, 133 4,711 106, 713 61, 267 3,250 56, 513 37, 555 0 13, 677 5,418 5,418 444, 453 34, 607 935 56, 559 12, 550 3,084 213, 592 51, 326 9,052 79, 096 13, 061 82, 894 38, 852 0 14, 050 85, 265 17, 854 8,911 67, 178 28, 928 47, 726 40, 589 165, 167 145, 590 85, 930 105, 173 64, 951 77, 389 45, 573 92, 719 58, 579 172, 948 53,915 105, 047 107, 905 210, 783 37, 831 •111, 143 16, 858 13,916 68, 613 43, 006 76.37 82.04 66.30 73.91 81.36 60.72 77.27 81.65 60.22 78.83 83.32 61.34 74.89 79.09 58.45 74.51 78.58 58.59 76.57 80.07 62.86 80.79 84.73 65.31 82.97 86.84 67.77 84.43 88.03 70.26 84.63 87.91 71.34 83.00 85.82 71.54 49.86 49.56 47.51 46.98 44.05 44.81 46.94 47.66 45.22 44.35 42.01 39.88 41.35 42.32 50.64 51.57 67.67 58.92 73.00 62.85 72.67 62.02 69.58 59.79 70.95 69.49 69.79 73.66 71.53 64.99 64.62 69.09 74.60 79.63 79.47 76.57 80.76 78.19 77.88 82.49 81.92 77.23 73.62 80.35 84.35 88.95 89.95 85.74 29.79 85.2 27.98 83.1 24.20 82.2 25.95 84.1 25.17 82.5 23.92 76.7 22.71 75.4 30.60 82.0 59.23 86.8 66.32 89.6 65.72 89.9 62.34 87.9 102. 52 58.00 102. 57 53.17 103. 19 57.51 103. 75 59.83 103. 36 54.19 101. 09 53.55 102. 00 55.52 102. 91 56.47 103. 54 57.11 103. 62 59.50 103. 40 58.95 103. 51 57.97 178 562 20, 250 158, 905 15, 782 241, 850 37, 424 260 021 38, 362 230 082 45, 387 193, 181 55, 176 269, 585 61,000 350, 626 38, 367 344, 050 23, 583 323, 139 20, 498 216, 818 15, 597 234, 296 33,886 51, 744 33 102 18, 642 39, 518 27, 158 12, 360 51, 543 32 942 18,600 38, 095 26, 801 11, 294 41, 305 32 866 8,438 31,918 26, 836 5,082 41, 173 32 770 8,403 32, 457 27, 302 5,154 41, 107 32 738 8,369 30, 785 25, 893 4,892 41, 006 32 666 8,340 30, 554 25, 668 4,887 40, 948 32 624 8,324 31, 354 26, 121 5,233 40, 844 32, 553 8,291 32, 998 27, 583 5,415 40, 878 32, 593 8,285 33,917 28, 303 5,615 40, 812 32, 538 8,274 34, 458 28, 645 5,813 41, 613 33, 376 8,237 35, 218 29, 342 5,877 41, 581 33, 370 8,212 34, 514 28, 639 5,875 5.50 6.91 4.37 5.11 5.63 5.68 7.32 4.38 5. 14 5.86 5.75 7.38 4.37 5.06 6.19 5.59 7.29 4.23 4.91 5.93 5.73 7.60 4.28 5.11 5.93 6.25 8.14 4.88 5.54 6.45 6.38 8.27 5.05 5.63 6.56 5.78 6.94 5.27 5.26 5.63 5.37 6.39 4.71 5.03 5.34 5.15 6.16 4.60 4.86 4.97 5.12 6.14 4.54 4.84 4.95 5.28 6.30 4.59 5.01 5.23 4.59 4.65 4.61 4.48 4.92 5.24 5.69 5.35 5.09 5.00 4.98 4.94 3.54 3.55 3.48 3.39 3.47 3.58 3.55 3.47 3.40 3.38 3.40 3.40 .04 .07 .01 1.34 .45 .29 .07 .19 .01 .04 438, 032 130 500 546, 439 120 200 863, 492 270 600 387, 200 145 400 430, 351 140 000 561, 279 136 850 428, 449 153 884 571, 529 134, 350 763, 219 205, 900 349, 620 101, 800 391, 589 90, 700 !41, 500 104, 000 7,500 «017, 700 5, 700 2,500 454 354 307 532 102,800 5,900 2,000 426 239 230, 500 10, 500 4,100 592 892 117, 000 8,000 4,900 241 800 102, 200 11, 300 3,300 290 351 96, 409 11, 500 2,600 424 429 144, 400 1,425 2,674 274 565 115, 800 2,950 3,000 437, 179 158, 200 16, 500 3,000 557, 319 88, 100 4,900 2,700 247, 820 70,100 6,800 500 300, 889 264, 189 243, 592 20 597 205, 769 190, 508 15 261 164, 840 140, 343 24 497 222, 244 206, 328 15 916 162, 468 158, 000 4 468 130, 607 124, 823 5 784 218, 591 199, 362 19 229 211,890 191, 066 20, 824 116,211 211,432 105, 160 197, 493 11,051 13, 939 164, 629 158, 577 6,052 1, 146. 7 1, 126. 8 1,119.7 1,112.9 1,070.3 1, 024. 9 1, 006. 2 922 56 923 32 928 12 925 58 925 25 924 21 924 39 976.0 923 36 965.4 923. 29 972.4 923. 63 970.6 923. 84 978.8 923. 78 "657, 254 0202 900 a 133,344 126, 878 6 466 1.24 4.78 .92 1.89 2.30 .81 1 22 4.79 .90 1.89 2.34 .81 1.21 4.79 .89 1.89 2.31 .86 1 20 4.78 .88 1.89 2.31 .86 Stocks Prices: Dow-Jones: Industrials (30) dolls, per share ._ 92.8 62.1 59.1 63.5 62.7 Public utilities (20) dolls, per share24.9 28.2 27.6 27.1 28.0 Railroads (20) dolls, per share 38 9 28 3 27 4 26 2 28 1 New York Times (50) dolls, per share. . 79.54 58.65 56.17 57.63 55.05 Industrials (25) dolls, per share 127. 86 92 71 89 54 90.07 94 81 Railroads (25) dolls, per share 31 23 22 29 22 56 2? 50 20 58 Standard Statistics (421) 1926=100 69 5 49 9 47 5 49 1 47 4 Industrials (351) 1926=10045.4 46.2 75.5 47.7 44.8 Public utilities (37) 1926=100 . 75.0 77.6 81.8 80.6 79.6 Railroads (33) 1926=100— 40.3 25.5 27.5 27.6 25.7 Standard Statistics: Banks, N.Y. (20) 1926=100 . 47.1 63.3 67.9 66.3 65.8 Fire insurance (20) 1926=10053.6 43.1 41.7 41.4 44.0 »Revised. t Revised series. For earlier data see p. 19 of the April 1933 issue. 30, 362 17, 854 1. 16 4.78 .82 1.78 2.31 .86 1.11 4.36 .78 1.76 2.25 .86 1.09 4.32 .77 1.66 2.19 .86 1.06 4.32 .72 1.66 2.19 .86 1.05 3.99 .72 1.66 2.19 .86 1.05 3.99 .73 1.66 2.19 .86 1.05 3.99 .73 1.66 2.15 .90 1.06 3.99 .75 1.66 2.11 .90 56.1 23.9 26 9 52.99 84 55 21 43 44 9 42.5 73.1 26.7 57.6 21.8 27 4 53.17 85 07 21 27 43 2 41.6 67.0 25.6 65.0 21.6 27 4 60.09 97.20 22 97 47 5 48.8 63.5 26.3 81.6 27.7 37 6 74.59 118. 40 30 79 62 9 65.3 79.2 37.5 94.1 34.1 44 2 85.26 134. 53 36 01 74.9 77.3 96.9 44.0 100.4 34.7 51 7 88.46 135. 84 41 09 80.4 83.5 97.5 52.6 98.4 30.8 49 6 88.24 135. 86 40 63 75. 1 78.8 87.1 49.4 100.3 27.9 47.2 86.46 135. 45 37 49 74.8 80.7 80.1 47.2 58.3 60.9 49.2 47.2 53.1 60.7 63.5 58.2 60.0 50.4 38.1 55.7 42.5 37.8 * New series. See p. 20 of the June 1933 issue for earlier data. 50.7 56.6 34 SURVEY OF CURRENT BUSINESS 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January Februin the 1932 Annual Supplement to the Survey October October November ary ber December 1933 1933 March April | May June July August September FINANCE—Continued SECURITY MARKETS— Continued Stocks— C ontinued Sales, N Y S.E thous of shares Values, and shares listed, N.Y.S.E.: Market value all listed shares-mills, of dolls. Number of shares listed millions Yields: Common, Standard Statistics (90). .percent-. Industrials (50) _ ._ percent .. Public utilities (20) percent-Railroads (20) percent-Preferred, Standard Statistics: Industrials, high grade (20) percent... 39 379 29 188 23 038 23 208 18 720 19 320 20 089 52 901 104 229 125 627 120,300 42 466 43,319 30, 118 1,293 23, 441 1,312 22, 259 1,312 22, 768 1, 312 23, 073 1,303 19, 701 1,296 19,915 1,293 26,815 1,294 32, 473 1,294 36, 349 1,285 32, 762 1,281 36, 670 1,290 32, 730 1,293 3.59 3.25 5.61 2.51 5.73 6.08 5.64 3.11 5.84 6. 12 5.87 3.33 5.68 6.00 5.61 3.28 5.42 5.78 5.28 3.05 6.10 6.36 6.10 4.13 6.30 6.25 6.82 5.22 5.58 5.24 6.83 5.12 3.99 3.67 5.18 3.59 3.27 3.02 4.12 3.06 3.02 2.76 4.09 2.58 3.25 2.93 4.78 2.73 3.37 2.96 5.48 2.93 6.38 7.02 7.19 7.34 7. 17 7.32 7.52 7.32 6.78 6.38 6.22 6.20 6.26 Stockholders (Common Stock) American Tel. & Tel. Co., total number Foreign _ _ _ _ _ number Pennsylvania Railroad Co., total number. _ Foreign __ number U.S Steel Corporation, total number Foreign number Shares held by brokers percent of total 682, 299 7,629 240, 237 3,234 186 105 ! 3, 171 18.66 690, 886 7,564 244, 295 3,279 187 477 3, 151 17.91 700, 212 7, 554 248, 688 3,310 193 140 3 192 16.07 701, 037 7,507 250, 506 3,323 190 853 3 155 15.21 FOREIGN TRADE INDEXES Value: Exports, unadjusted 1923-25=100 Exports, adjusted for seasonal. .1923-25 =100.. Imports, unadjusted 1923-25 = 100.. Imports, adjusted for seasonal.. 1923-25 =100.. Quantity, exports: Total agricultural products 1910-14= 100. _ Total, excluding cotton 1910-14 = 100.. i 51 42 47 46 40 33 33 32 37 32 32 32 35 33 30 30 32 31 30 29 27 29 26 26 28 28 29 26 28 29 27 25 30 32 33 32 32 36 38 40 38 43 44 48 35 38 48 50 42 40 45 48 120 77 126 98 120 85 116 67 97 73 71 58 67 59 59 51 71 47 72 45 80 51 66 50 97 57 Exports, incl. re-exports thous. of dolls.. 193, 948 153, 090 138, 834 By grand divisions and countries: 3,374 2,609 4,166 Africa thous. of dolls. 35, 050 « 26 092 27, 717 Asia and Oceania thous of dolls 13, 325 Japan thous. of dolls. 16, 825 10, 841 108,811 " 84, 899 70, 163 Europe thous of dolls 17, 041 11, 158 10, 184 France. . thous. of dolls17, 821 15 754 12, 670 Germany thous of dolls 4,412 8,537 Italy _ thous. of dolls 5, 835 24, 753 United Kingdom _. thous. of dolls. _ 39, 533 32, 920 18, 824 North America, northern. .thous. of dolls., 22, 502 20, 777 18,326 20, 504 Canada __ thous. of dolls. . 22, 150 10, 125 North America, southern.. thous. of dolls.. 11,181 «9,486 3,499 2,867 2,695 Mexico thous. of dolls 8,462 9,396 South America thous. of dolls. . 12, 237 4,141 3,035 2,635 Argentina thous. of dolls 2,265 3,578 Brazil . thous. of dolls. . 3,194 234 245 458 Chile thous. of dolls By economic classes: Exports, domestic thous. of dolls. _ 191, 721 151, 035 136, 402 82, 545 55, 326 60 517 Crude materials thous of dolls 40.0 54.3 38.5 Raw cotton. . _. mills, of dolls. 25, 219 19, 885 Foodstuffs, total thous. of dolls.. 23, 510 8,614 5,042 8,610 Foodstuffs, crude thous. of dolls.. 11,275 16, 605 Foodstuffs, manufaetured.thous. of dolls.. 18, 468 12.2 7.9 11.0 Fruits and preparations.mills. of dolls.. 5.2 6.2 4.1 Meats and fats . _ . mills, of dolls. . 2.7 3.5 1.2 Wheat and flour _ .mills, of dolls. . 14, 589 16, 867 Manufactures, semithous. of dolls.. 24, 573 46, 601 48, 433 Manufactures, finished. ..thous. of dolls.. 61, 094 4.4 5.0 8.6 Autos and parts ..mills, of dolls.. 5.3 5.4 6.5 Gasoline mills of dolls 10.2 11.6 13.5 Machinery mills, of dolls Imports, total _ _ . .thous, of dolls. . 150, 856 105, 499 104, 468 By grand divisions and countries: 1,412 2,502 2,303 Africa thous. of dolls. _ 30, 348 45, 603 28, 110 Asia and Oceania thous. of dolls 10, 505 11, 730 Japan thous. of dolls.. 14, 503 35, 422 51, 908 36, 800 Europe thous. of dolls 5,116 4,510 4,549 France thous. of dolls 7,152 6,380 7,667 Germany. _. _ thous. of dolls. 3,984 3,900 3,838 Italy thous of dolls 6,789 6,540 15, 253 United Kingdom thous. of dolls 13, 789 14, 701 North America, northern.. thous. of dolls. _ 20, 071 13,021 19, 618 13, 771 Canada thous of dolls 9,624 8,684 9,848 North America, southern.. thous. of dolls.. 1,942 1,819 1,766 Mexico thous of dolls 13, 723 14, 853 South America.. ..thous. of dolls.. 21, 123 5,942 1,148 1,011 Argentina thous. of dolls 6,383 6,617 8,085 Brazil thous. of dolls.. 156 260 1,545 Chile thous of dolls By economic classes: 27, 202 27, 780 Crude materials . thous. of dolls.. 46, 874 19, 153 19, 445 Foodstuffs, crude. thous. of dolls. _ 17, 741 12, 821 14, 056 Foodstuffs, manufactured .thous. of dolls.. 17,089 16, 719 16, 615 Manufactures, semithous. of dolls.. 33, 183 28, 076 28, 099 Manufactures, finished thous. of dolls.. 35, 969 131, 614 120, 630 101, 530 108, 032 105, 219 114, 243 119,809 144, 197 131,451 160, 09C 2,864 30, 177 15, 653 64, 421 10, 241 10, 452 5,566 21, 491 13, 645 13, 437 10,412 2,829 10, 095 2,711 3,397 348 3,055 25, 272 11, 185 62, 218 8,924 11, 739 4,443 21, 309 12, 664 12, 432 9,296 2,682 8,125 2,712 2,605 294 2,335 20, 171 7,299 51,099 7,653 8,563 4,058 18, 730 11, 703 11,501 8,091 2,173 8,131 2,785 2,682 291 2,632 22, 684 9,614 50, 321 7,955 7,035 3,986 17, 645 14, 200 13, 841 10, 621 2,967 7,573 1,873 1,912 375 3,431 17, 823 6,406 52, 223 8,164 8,977 3,101 18, 235 13,418 13, 159 10, 384 2,852 7,784 2,535 2,320 297 2,462 20, 630 8,267 56, 883 8,077 11,415 4,558 18, 787 16, 730 16, 433 10, 364 3,274 7,175 2,350 1,813 373 2,727 20, 625 7,720 58, 820 8,178 10, 235 4,329 22, 233 18, 421 18, 069 10, 636 2,821 8,580 2,756 1,647 518 3,262 30, 127 15, 046 68, 081 8,516 11,349 4,741 24, 787 21,300 20, 927 11, 723 3,524 9,704 3,414 2,327 456 3,744 24, 446 10, 157 62, 710 8,476 9,038 3,596 24, 686 20, 768 20, 301 10, 894 3,315 8,890 2,897 2,089 338 4, 53f 32, 12( 15, 59£ 81, 857 12, 34( 13, 68f 7,221 28, 48$ 21,461 20, 97* 9,47C 3,324 10, 641 3,58* 2,65( 65( 128, 975 52, 234 39.0 15, 961 4,367 11, 594 4.8 4.6 2.1 15, 742 45, 038 5.1 4.6 9.7 97, 087 118, 600 42, 294 29.7 16, 178 4,663 11,515 4.6 5.9 2.0 15, 831 44, 296 6.5 5. 1 9.2 95, 994 99, 438 31, 848 20.6 12, 819 3,244 9,575 3.8 4.5 1.2 13, 242 41, 528 6.3 3.8 8.5 83, 803 106, 310 29, 359 18.1 13,397 3,524 9,873 3.9 4.4 1.3 16, 507 47, 047 6.9 3.9 9.4 94, 864 103, 106 28, 621 16.9 11,310 2,510 8,800 2.9 4.0 1.1 15, 292 47, 884 7.4 6.0 8.8 88, 412 111,883 34, 977 26.1 13, 044 3,024 10, 020 3.8 4.9 1.0 17, 644 46, 218 7.4 3.7 9.1 106, 903 117, 533 40, 257 29.3 13, 362 2,704 10, 659 2.9 5.5 1.2 18, 181 45, 732 7.0 3.9 9 3 122, 262 141, 661 51, 509 36.8 15, 383 3,078 12, 305 4.3 5.7 1.1 21, 359 53, 410 7.5 6.0 10.1 142, 992 129, 292 41,968 28.2 16, 886 3,062 13,824 5.6 5.4 1.5 20, 465 49, 973 8.1 3.4 10.9 154, 976 1,946 30, 628 12, 322 28, 967 3,824 4,752 3,618 4,852 11,493 11,006 9,334 2,285 14,719 1, 636 6,114 145 2,616 31, 090 7,935 28, 226 3,128 5,212 2,977 4,371 11,419 10, 744 9,079 2,575 13, 563 1,018 5,816 271 1,990 24, 247 5,686 26, 794 2,991 4,873 2,552 5,347 8,567 8,529 8,197 2,303 14, 008 1,177 7,244 230 1,631 28, 760 7,527 28, 192 3,000 5,612 2,693 5,796 10, 123 10, 055 11,490 3,046 14, 667 1,257 7,056 194 1,198 27, 069 8,055 24, 421 2,207 4,727 3,318 5,095 11, 140 11,078 11,678 2,517 12, 906 827 6,105 409 1,208 31,751 8,462 30, 805 2,733 5,113 3,282 8,010 15, 405 14, 800 12, 697 3,586 15,036 1,320 6,958 438 2,243 33, 909 11,467 41, 174 3,111 6,800 3,720 11,171 15, 716 15, 263 10, 931 2,505 18, 289 1,772 5,158 3,788 2,607 47, 796 14, 423 43, 782 3,825 7,466 3,518 12, 577 19, 809 19, 383 11,541 2,461 17, 457 4,037 6,427 763 3,179 47, 024 14, 099 51,147 5,410 8,702 3,473 14, 073 18, 024 17, 666 11, 128 2,503 24, 475 6, 234 9,063 806 3,91' 44, 39' 14, 21' 49, 981 5,66^ 8,50, 3,1(K 12,091 20, 49; 19, 97J 10, 981 1,87; 28, 737 17, 643 10, 519 16, 747 23, 440 27, 205 17,929 12,817 16, 154 21, 889 21, 129 17, 864 12, 097 13, 606 19, 107 23, 633 18,411 15, 145 14, 751 22, 924 21, 134 16, 557 16, 270 13, 537 20, 914 24, 920 19, 721 20, 303 18,337 23, 622 34, 301 17, 775 19, 083 27, 813 23, 290 46, 441 15,897 22, 878 31,021 26, 755 50, 660 19, 758 15, 644 35, 233 33, 681 48, 334 16, 84f 14, 36e 33,51( 33, 59( VALUE § 157, 46 63,57 45.: 18, 70( 3,39! 15, 301 6 A( 5. 1.1 21,26 53, 925 8.1 3.1 11.' 146, 651 17, see 4,53i 6,55£ 1,095 a Revised. § 1932 figures include final revisions except certain of the content figures for the final quarter. For revisions for January through March 1932, see issues of March, April, and May 1933. Revisions for October 1932 caused by changes in exports of cotton to Mexico, Germany, and Japan. SURVEY OF CURRENT BUSINESS December 1933 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January in the 1932 Annual Supplement to the Survey October October November ber 35 1933 Febru- ary March April May June August September July TRANSPORTATION AND COMMUNICATIONS TRANSPORTATION Express Operations Operating revenue Operating income 7 216 130 7 039 8.212 702, 854 48, 647 8.235 684, 096 47, 600 8 235 728, 015 50, 459 58 72 41 23 63 59 70 7 56 57 66 40 24 59 51 68 10 57 491 52 74 48 18 57 50 64 5 45 58 69 45 22 59 50 69 20 57 2,487 626 19 64 28 66 thous of dolls thous. of dolls 134 7 351 124 6 603 6 438 129 6 523 138 8.192 690, 837 47, 384 8 192 640, 635 43, 656 8 169 689, 427 46, 471 51 63 44 20 59 53 65 5 45 56 56 40 22 61 50 69 20 57 51 71 52 19 56 46 64 5 44 54 65 45 19 58 49 66 20 51 48 51 35 21 58 39 63 5 45 50 55 35 20 69 45 62 23 47 136 6 368 6 746 6 659 8.143 763, 031 45 784 8.143 693, 493 47, 401 8.143 658, 806 45, 134 51 44 27 24 76 50 65 8 54 53 53 29 22 99 53 63 17 52 2,505 397 56 47 33 30 81 51 68 21 60 56 52 33 28 99 54 66 14 57 60 54 44 36 83 46 67 32 64 60 63 44 34 95 54 67 18 61 2,265 362 115 122 121 6 357 6 374 8. 136 620, 424 42, 913 8.136 637, 278 45, 055 132 138 Electric Street Railways Fares, average (320 cities) Passengers carried t Operating revenues 8.143 . cents thousands. . 700, 745 thous. of dolls 0 8.143 650, 745 44, 225 Steam Railroads Freight carloadings (F.R.B.): 66 Index, unadjusted - --.1923-25=100 Coal 1923-25-100 70 54 Coke 1923-25=100 33 Forest products - - . - -.1923-25=100 _ 64 Grain and products 1923-25=100 Livestock— _ .1923-25=100 . 68 70 Merchandise, l.c.l 1923-25=100 68 Ore 1923-25=100 . 69 Miscellaneous 1923-25=100.. Index, adjusted 1923-25=100 58 62 Coal.. . 1923-25=100 53 Coke 1923-25=100 32 Forest products . _ .1923-25=100 57 Grain and products 1923-25=100 51 Livestock .1923-25=100 66 Merchandise I c l 1923-25-100 49 Ore 1923-25=100 59 Miscellaneous 1923-25-100 2,606 Total cars ^ .thousands 500 Coal - thousands 27 Coke _ thousands. _ 98 Forest products thousands 119 Grain and products - thousands 93 Livestock thousands 691 Merchandise, l.c.l thousands 111 Ore . . thousands 968 Miscellaneous thousands 385 Freight-car surplus, total thousands.. 228 Box thousands 111 Coal thousands Equipment, mfrs. (See Trans. Equip.) Financial operations (class I roads) : Dividends paid. (See Finance.) 294, 342 Operating revenues thous. of dolls Freight _ _ .thous. of dolls 239, 603 Passenger thous. of dolls 29 835 Operating expenses thous. of dolls 204 694 Net operating income thous. of dolls 57 265 Operating results (class I roads) : Freight carried 1 mile mills, of tons Receipts per ton mile..cents. . Passengers carried 1 mile millionsWaterway Traffic Canals: Cape Cod thous of short tons New York State thous. of short tons Panama, total _ _ ..thous. of long tons U.S. vessels thous. of long tons.. St. Lawrence thous. of short tons Sault Ste. Marie ... _ -thous. of short tons Suez thous. of metric tons Welland .-thous. of short tons.. Rivers: Allegheny thous. of short Mississippi (Government barges) thous. of short Mononsrahela thous. of short Ohio (Pittsburgh to Wheeling) thous. of short Ocean traffic: Clearances, vessels in foreign trade thous. of net Foreign thous. of net United States thous. of net Shipbuilding. (See Trans. Equip.) 299 593 2,126 1,082 1,041 7,154 i a 65 77 40 26 72 69 72 16 66 57 68 39 25 65 52 69 12 56 2, 534 0 546 «20 0 75 a 134 «95 0 712 °26 a 926 545 314 171 2,195 111 76 666 12 756 622 353 198 1 910 1 958 1 841 21 55 25 55 18 59 429 132 83 777 9 765 106 69 613 7 610 647 376 692 381 101 62 618 7 598 104 52 624 8 611 206 244 19 831 1.012 1,088 21 732 1.046 1,170 212 183 224 200 158 192 1 435 1 738 1,353 tons.. 219 tons.. tons.. 97 429 tons.. tons.. tons.. tons 682 751 2,877 o 587 51 215 o 1 464 o 217 174 21 175 10 o 724 1 528 664 352 696 245 542 1,630 66 55 38 98 46 70 62 67 65 75 63 39 82 55 70 34 64 3,109 561 33 134 225 75 832 110 1,139 393 216 65 72 55 37 64 50 69 90 63 61 74 61 35 53 56 69 53 57 2,503 494 27 109 118 66 680 137 872 398 237 68 72 59 35 69 63 70 96 68 60 67 60 33 57 53 68 59 57 3,205 625 35 123 156 101 842 184 1,138 380 223 117 106 106 278, 311 223, 236 30, 981 185, 325 59 483 293 708 240, 172 30 964 194, 908 64 307 297 018 241, 242 32 242 202, 453 60 978 292, 147 235, 434 32, 014 199, 416 60, 936 23, 712 1.036 1,495 26 460 .996 1,633 26 468 .999 1,717 26, 130 1.006 207 479 1,691 288 473 1,669 254 623 233 517 1,914 1,002 1,797 779 994 3,582 1 960 1,239 823 839 6,050 2 179 1,121 980 7,690 2 227 1,212 961 1,129 8,452 2 166 1,373 2 021 1,087 2 177 147 2 225 0 1 983 0 2 468 0 2 289 588 783 835 3,490 2 142 1,109 170 150 110 83 81 92 115 168 283 291 351 234 109 796 113 763 94 776 81 799 72 683 79 701 82 776 113 1,022 110 1,397 133 1,561 115 1,339 « 119 812 415 534 494 434 465 400 357 456 576 827 732 851 600 5,349 3,392 1,957 5,325 3,305 2,020 5,019 3,084 1,936 4,299 2,701 1 598 4,226 2,633 1 594 4,050 2,460 1 590 4,528 2,861 1 667 3,326 1,782 1 544 5,129 3,259 1 870 5,515 3,530 1 985 5,991 3,779 2 212 6,363 4,059 2 304 5,661 3,631 2 031 24 945 8,070 29, 557 9,365 38, 543 12, 629 54, 247 18, 861 61, 504 21,417 65 181 22, 798 56 830 21, 515 2.80 45 2.85 48 2.71 51 2.83 47 2.84 48 2.98 49 2.91 52 18,414 16, 682 4 287 1,393 6.480 18, 539 16,012 4,409 1,300 9.744 20, 029 17, 727 4 002 1,694 17. 428 18, 325 22, 238 10 414 1,726 23. 563 24, 453 42, 135 5 256 1,830 12. 323 43 525 37, 626 5 120 2,628 7.540 46 528 27, 137 3 784 2 961 5.91S 560 o o 623 o o Travel Airplane travel: Passengers carried* _ number 50, 413 38, 548 30, 671 22, 889 24 300 24 506 Passenger miles flown* thous. of miles.. 19, 356 11, 192 9,102 6,913 7,854 7,633 Hotel business: Average sale per occupied room dollars. _ 3.12 2.93 3.13 2.98 2.94 2.98 Rooms occupied . percent of total-57 50 47 53 54 51 Foreign travel: Arrivals, U.S. citizens _ .number. . 14, 879 28, 058 13, 259 14, 159 17, 005 Departures, U.S. citizens number.. 22, 129 28, 854 20, 461 19, 792 19, 097 Emigrants _. number 8,031 7,788 8,040 5 019 4,345 Immigrants _ number.. 2,006 2,388 1,277 1,846 1,511 Passports issued number.. 4,790 6,133 6,007 4.838 5.742 4.945 a Revised. t Revised series. For earlier data see p. 19 of the August 1933 issue. i Data for December 1932, April, July, and September 1933 are for 5 weeks; other months, 4 weeks. * New series. Covers scheduled airlines operating in United States. Earlier data not published. 19 357 1.009 997 19 117 .977 1 045 1 622 454 242 255, 256 207, 490 23 911 181, 584 40 693 19 986 !995 1 167 224 588 147 62 654 44 876 224 877 180, 212 22 920 173, 296 19 041 21 102 .978 1,380 1,532 148 66 661 31 805 599 916 886 295 548 21 754 1.020 1, 156 235 554 1,582 723 1,014 3,924 2 171 1,252 177 82 803 16 926 20 100 148 26 344 1.010 1,231 613 790 585 864 855 15 83 204 246 062 188 164 30 202 188, 205 32 857 211 168 23 170 9 318 237 253 575 203 146 24 859 189, 667 34 179 555 239 654 680 266 2,128 553 281 °295, 175 «243, 988 26 179 «198, 058 «62 784 226 179 26 181 13 17 86 619 314 681 362 650 368 233 196 366 492 66 ' o 0 36 SUEVEY OF CUKRENT BUSINESS 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decemin the 1932 Annual Supplement to the Survey October October NovemJanuary j**^ ber ber TRANSPORTATION December 1933 1933 March April May June July August September AND COMMUNICATIONS—Continued TEANSPORTATION-Continued Travel— Continued National parks: Visitors Automobiles _ _ Pullman Co.: Passengers carried Revenues, total . _ number number.. 75, 140 19, 933 69, 454 19, 838 36 290 7,947 27, 343 5,662 36, 463 6,226 43, 379 6,496 40, 969 5,734 66,313 11,326 92, 518 21, 733 229, 496 59, 924 440, 728 117, 750 441, 795 117,261 182, 954 49, 109 . thousands _ thous. of dolls.. 1,256 1, 158 3,127 1,078 2,902 1 248 3,294 1, 158 3,208 952 2,784 872 2,643 974 2,880 951 2,711 1,201 3,608 1,224 3,356 1,351 3,621 1,392 3,798 83, 045 57, 094 19 093 55, 390 18, 966 15, 379 80, 679 56, 356 17 575 55, 444 17, 061 15, 261 81, 904 56,500 18 507 56, 175 18, 540 15, 142 79, 726 56. Oil 17 016 58, 215 1 4, 024 15,015 76, 061 53, 962 15 512 55, 559 13, 102 14, 902 78, 925 54, 615 18 155 57, 387 14. 254 14, 779 78, 053 54, 116 17 442 55, 653 14, 897 14, 676 80, 797 54, 706 19 502 57, 297 15, 996 14, 589 80, 704 54, 104 19 832 56, 193 16, 201 14, 483 79, 421 52, 341 20 167 55, 473 15, 954 14, 399 79, 356 52, 294 20 295 55, 700 16, 383 14, 368 78, 615 52, 668 19 206 55, 271 15, 829 14, 427 8,229 6 205 7,494 349 7,706 5 697 7,425 d 104 8,352 6 334 7,010 888 7,317 5 529 7, 117 <* 194 6,976 5 250 6,605 d 346 8,827 6,841 7, 055 1,375 7,992 6 133 6,655 938 9,169 6,952 6,945 1,817 9,557 7,289 7,790 1,309 9,297 7 032 7,434 1,447 9,171 7 065 7,715 1,041 8,838 6 746 7,598 844 4, 818 4,915 2,349 4,662 4,890 2,570 5,170 5,099 2,483 5, 505 5,574 2,544 7,923 7,452 2,063 COMMUNICATIONS Telephone (class A companies) : Operating revenues. . thous. of dolls. . Station revenues thous. of dolls.. Tolls message thous of dolls Operating expenses thous. of dolls.. Operating income thous. of dolls Stations in service, end of mo _ .thousands.. Telegraphs and cables: Operating revenues _ thous. of dolls.. Commercial telegraph tolls thous of dolls Operating expenses thous. of dolls _ Operating income .. thous. of dolls.. CHEMICALS AND ALLIED CHEMICALS Alcohol: Denatured: Consumption (disposed of) thous. of wine gal_. Production thous. of wine gal Stocks, end of month thous. of wine sral.. Ethyl: Production thous. of proof gal Stocks, warehoused, end of month thous. of proof gal Withdrawn for denaturing thous of proof gal Methanol, wood distilled: Crude: Production* gallons.. 312, 085 Stocks, total* gallons.. 406, 939 Refined: Exports gallons.. 55, 553 Price, wholesale, N.Y dolls, per gal.. .37 Production* gallons.. 163, 619 Shipments* gallons 175, 608 Stocks, end of month* gallons.. 447, 222 Methanol, synthetic: Production gallons.. 1,643,040 Shipments - . .gallons . 1,732,458 Stocks, end of month gallons-. 1,124,687 Explosives: Orders, new* thous. of lb._ 25, 084 Sulphur and sulphuric acid: Sulphur, production (quarterly) long tons _ Sulphuric acid (104 plants): Consumed in prod, of fertilizer. short tons.. 160, 688 Price, wholesale 66°, at works dolls, per short ton.. 15.50 Production short tons.. 158, 406 Purchases: From fertilizer mfrs short tons.. 27, 126 From others short tons.. 31, 693 Shipments: To fertilizer mfrs short tons.. 23, 276 To others short tons.. 36, 270 7,041 7,255 4,841 6,277 4,917 3, 468 5,328 4,616 2,750 4,519 3,614 1,839 PRODUCTS 3, 758 3,909 1,988 3,900 4,147 2,230 3,654 3,682 2,256 13, 140 7,391 5,278 6,014 9,084 8,229 9,012 9,149 10, 683 11, 684 12, 482 13, 968 19, 154 18, 020 16, 140 14, 782 15, 922 16, 639 19, 186 19, 094 20, 382 22, 230 24, 595 25, 423 11, 905 8,011 6,722 5,969 6,691 7,013 6,071 8,264 8,688 8,654 9,486 12, 478 188, 405 253, 055 290, 557 273, 701 303, 026 228, 867 312, 481 297, 163 256, 826 281, 484 268, 064 288, 198 174, 201 271, 914 184, 921 253, 499 179, 368 317, 110 210, 709 285, 619 262, 446 243, 183 295, 354 » 337, 174 79, 714 .37 197, 534 159, 491 295, 806 83, 731 .37 140, 584 195, 065 241, 325 62, 156 .37 173, 636 196, 786 218, 175 112, 122 .37 165, 860 59, 546 324, 489 62, 613 .37 117,236 90, 285 351, 440 233, 754 .37 124, 086 93, 848 381, 678 147, 338 .37 82, 846 105, 559 358, 965 59, 621 .37 95, 365 105, 578 348, 752 33, 100 .37 98, 131 131, 203 315, 680 93, 833 .37 153, 199 108, 628 360, 251 42, 458 .37 181, 625 97, 697 444, 179 36, 523 .37 106, 494 91,462 459, 211 571, 372 531, 635 643, 598 352, 748 324, 527 178, 232 425, 333 366, 015 559, 002 561, 918 860, 314 1, 460, 589 958, 909 819, 251 587, 406 512, 781 625, 484 665, 702 576, 646 761, 369 830, 220 732, 735 955, 301 1, 425, 009 3,442,098 3,154,482 3,210,674 3,050,641 2,749,684 2,262,214 2,110,901 1,715,547 1,444,329 1 273,512 1,178,525 1, 214, 105 23, 749 20, 336 18, 985 17,971 16, 510 188, 607 16, 179 16, 197 16, 497 116, 478 20, 327 23, 834 25, 086 25, 107 322, Oil 233, 233 74, 813 99, 615 102, 886 100, 446 87, 500 76, 573 71, 649 67, 162 53, 586 71,951 116, 322 94, 881 15.50 84, 471 15.50 115, 684 15.50 119, 350 15.50 114,618 15.50 99, 825 15.50 79, 328 15.50 73, 900 15.50 90, 605 15.50 76, 530 15.50 98, 587 15.50 131,492 15.50 134, 370 16, 224 9,158 14, 702 13, 429 17, 583 9,830 13, 794 15, 002 10, 625 9,987 10, 309 8,544 12, 222 14, 487 7,311 8,247 10, 323 13, 320 23, 829 16, 147 29, 102 21, 804 17, 765 23, 604 10, 920 23, 579 10, 165 22, 805 15, 284 24, 363 14, 641 26, 538 14, 063 21, 675 14, 439 19, 751 14, 065 23, 612 13, 194 37, 278 14, 236 30, 819 13, 251 38, 885 16,511 41, 970 31,215 38, 327 «96 67, 268 20, 679 44, 204 50 91,619 42, 831 13 9,506 30, 000 60 71, 724 13, 833 50, 299 65 85, 206 48, 627 4,887 4,888 24, 478 85 71, 136 18, 185 52, 314 73 47, 956 30, 760 48 4,878 7,128 205 56, 163 8,829 44, 128 14 94, 313 55, 281 405 5,956 24, 968 59, 894 7,836 50, 143 80 90, 349 65, 457 2,516 4,539 17, 998 a 822 85, 481 9,845 73, 165 55 97, 507 61, 535 106 5,814 21, 885 1, 118 69, 580 4,239 63, 621 57 102, 204 70, 934 66 3, 934 20, 537 a 234 60, 349 5,987 52, 479 104 101, 085 59, 561 8,431 3,486 22, 714 43 85, 534 7,625 71, 624 166 105, 083 72, 190 29, 921 5,246 19, 107 18 81, 140 6,579 70, 789 250 81, 207 38, 490 5,308 2,949 38, 053 «38 90, 433 8,628 79, 428 352 102, 028 34, 129 3,943 4,603 56, 045 °86 123, 289 19,834 97, 481 375 107, 076 56, 682 5,248 9,643 39, 006 1.240 1.270 1.295 1.295 1.295 1.295 1.305 1.345 1.345 1.315 1.295 1.295 150, 018 209, 476 224, 794 227, 154 188, 631 167, 114 158, 890 177, 649 130, 271 163, 953 262, 705 7,892 31,561 155, 402 265,511 13, 028 16, 188 47, 338 94, 066 21, 508 17,515 15, 403 874, 042 979, 903 1,076,520 1,089,429 1,066,567 897, 888 521, 297 477, 497 514, 853 565. 370 691,913 * New series. For earlier data see p. 20 of the April 1933 issue (methanql). Earlier data on explosives will be published in a subsequent issue. 1 Figures revised due to dropping of Missouri from Southern States classification. Comparable figures for earlier years will be shown in a subsequent issue. § Data for 1932 revised. See p. 36 of the June 1933 issue. ad Revised. Deficit. 240, 243 94,417 735. 552 FERTILIZER Consumption, Southern States 1 thous. of short tons.. 100 Exports total § long tons . 116, 584 9,059 Nitrogenous § long tons Phosphate materials.. long tons _ 102, 986 763 Prepared fertilizers long tons 123, 390 Imports total § long tons Nitrogenous § _. . long tons . 70, 729 29, 652 Nitrate of soda § long tons Phosphates long tons 5,677 Potash long tons.. 44, 548 Price, nitrate of soda, 95 percent, N.Y. dolls, per cwt_. 1.295 Superphosphate, bulk: Production short tons.. Shipments to consumers short tons Stocks, end of month short tons a 295 0 SUKVEY OF CURRENT BUSINESS December 1933 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January Februin the 1932 Annual Supplement to the Survey October October November ary ber 37 1933 March April May June 'July August September CHEMICALS AND ALLIED PRODUCTS—Continued NAVAL STORES Pine oil: Production gallons Rosin, gum: Price, wholesale "~B," N.Y.. .dolls, per bbl._ Receipts, net, 3 ports bbl. (500 lb.).. Stocks, 3 ports, end of month. bbl. (500 lb.)__ Rosin, wood: Production bbl. (5001b.)_. Stocks, end of month _ bbl. (500 lb.) Turpentine, gum: Price, wholesale, N.Y dolls, per gal Receipts, net, 3 ports bbl. (50 gal.).. Stocks, 3 ports, end of month.bbl. (50 gal.)__ Turpentine, wood: Production bbl. (50 gal ) Stocks, end of month bbl. (50 gal.).. 274, 095 195, 248 227, 273 199, 202 233, 286 186, 598 202, 929 184, 760 208, 133 215, 130 271, 014 283,152 258, 081 4.85 90, 474 211,422 3.55 75, 153 335, 301 3.44 76, 804 346, 908 3.01 71, 458 332, 613 2.89 35, 064 295, 859 2.89 30, 639 263, 270 2.89 35, 796 237, 350 3.28 63, 372 212, 526 4.10 110, 450 227, 022 4.30 121, 946 219, 882 5.16 123,977 234, 578 4.96 113, 107 227, 943 5.08 91,251 218, 280 44, 821 65, 957 33, 132 96, 367 31, 308 98, 048 29, 220 100, 053 31, 188 104, 771 25, 583 104, 223 26, 597 98, 615 24, 926 86, 406 31, 045 70, 934 35, 163 63, 058 41, 033 61, 785 42, 961 57, 010 43, 213 60, 305 .44 24, 479 79, 616 .46 19, 362 82, 503 .45 18, 125 91, 212 .42 15, 979 91,971 .45 6, 283 84, 096 .45 2,826 74, 894 .46 6,710 63, 679 .43 18, 176 59, 212 .47 32, 359 67, 117 .46 35, 549 64, 824 .51 35, 265 70, 451 .48 33, 237 74, 920 .47 26, 911 79, 563 6,929 11,526 5,202 8,312 5,454 10, 602 5.070 13,112 4,975 14, 194 4,175 14, 399 4,255 12, 387 3,831 10, 863 5,028 6,981 5,514 7,242 6,516 5,673 6,779 5,496 6,642 8,004 OILS, FATS, AND ANIMAL BYPRODUCTS Animal fats and byproducts (quarterly) : Animal fats: 149, 864 Consumption, factory thous. of lb Production thous of lb 570, 199 Stocks end of quarter thous. of lb 235, 326 Gelatin, edible: Production _ _ . _ thous. of lb 3,511 Stocks, end of quarter thous. of lb 9,107 Greases: Consumption, factory thous. of lb 48, 575 Production thous. of lb__ 80, 058 Stocks, end of quarter thous. of lb 72, 013 Lard compounds and substitutes: 225, 932 Production thous. of lb Stocks, end of quarter thous. of lb._ 26, 265 Fish oils (quarterly) : Consumption, factory ._ _. thous. o f l b 36, 817 Production.. thous. o f l b 28, 682 Stocks, end of quarter thous. of lb._ 197, 290 Vegetable oils and products: Vegetable oils, total: Consumption, factory (quarterly) thous. of lb . 837, 087 2,232 3,961 Exports thous. of lb_. 5,516 6,356 Imports § .thous. of lb_. 86, 451 50, 631 41, 085 66, 191 Production (quarterly) thous. of lb._ 798, 395 Stocks, end of quarter: 575, 970 Crude ._ . thous. o f l b Refined thous. of lb._ 763, 781 Copra and coconut oils: Copra: Consumption, factory (quarterly) short tons 56, 959 32, 530 25, 049 Imports short tons 23, 362 26, 772 Stocks, end of quarter short tons.. 28, 084 Coconut or copra oil: Consumption, factory: Crude (quarterly) thous. o f l b 127, 640 Refined, total (quarterly) thous. oflb.. 67, 701 14, 687 In oleomargarine thous. of lb 11, 920 11,936 12, 234 Imports thous. of lb._ 36, 203 14, 912 9,442 26, 110 Production (quarterly) : Crude.. thous. of lb._ 70, 819 Refined thous. oflb.. 59, 847 Stocks, end of quarter: Crude thous. of lb._ 120, 928 Refined _ thous. of lb__ 14, 227 Cottonseed an d products: t Cottonseed: t Consumption (crush) short tons _ 646, 532 °708, 113 673, 397 483, 290 Receipts at mills short tons 1,130,474 «1,259,233 892, 182 381, 139 Stocks at mills, end of month-short tons.. 1,073,072 "1,218,142 1,432,942 1,328,607 Cottonseed cake and meal: t Exports § short tons.. 16, 494 25, 702 18, 430 28, 698 Production _ short tons 289, 617 -318, 495 302, 815 216, 133 Stocks at mills, end of month-short tons.. 313, 114 "308, 306 367, 661 366, 626 Cottonseed oil, crude: f Production thous. of lb_. 201, 648 «218, 484 208, 238 151,315 Stocks, end of month thous. of lb._ 145, 196 «134, 919 147, 746 143, 835 Cottonseed oil, refined: Consumption, factory (quarterly) thous. oflb._ 229, 799 In oleomargarine thous. of lb 1,777 ~~~1~270~ ~~"l~378~ 1,519 Price, summer yellow, prime, N.Y. dolls, per lb_. .042 .040 .037 .035 Production f _ . ._ thous oflb "170, 033 -170, 033 187, 047 133, 618 Stocks, end of month f thous. of lb_. "584, 771 "584, 771 670, 558 730, 492 0 Revised. t For revisions of the year ended July 1932, see p. 20 of the February 1933 issue. § Data for 1932 revised. See p. 37 of the June 1933 issue. 7,406 75, 298 6,627 40, 237 138, 652 598, 610 283, 313 173, 578 641 744 375, 650 176, 561 579, 049 373, 655 4,937 10, 751 3,180 9,822 1,328 8,009 44, 889 79,411 71, 894 59, 535 89, 974 75 634 50, 665 88, 529 79, 633 203, 564 25, 020 245 010 21, 792 247, 898 23, 648 29, 741 18, 197 181, 374 41 795 6,602 149, 105 44, 536 39, 797 151, 614 660, 362 4,697 69, 913 600, 825 2,357 55, 039 2,243 82, 720 664, 447 839, 933 18, 009 13, 434 28, 136 27, 300 10, 706 13, 148 59 225 14, 852 24, 571 701 039 1,234 87, 056 432, 308 1,744 65, 624 444 84, 938 564, 074 655, 532 488, 679 769, 898 15, 754 24, 895 62, 805 27, 257 23, 779 120, 207 141 082 69, 426 13, 498 29, 651 72, 476 8,715 29, 776 12, 788 20, 210 12, 272 32, 677 617, 782 504 68, 490 547, 514 46, 581 31, 783 76, 805 24, 983 44, 537 161, 829 10, 750 13, 026 12, 659 22, 727 81, 498 13, 251 1,886 76, 028 61, 785 79 942 68, 389 96, 526 79, 931 138, 551 14, 382 138, 024 16, 815 132, 530 16, 400 419, 354 300, 753 1,211,440 440, 333 198, 291 969, 398 368, 336 148, 382 749, 164 249, 267 95, 100 594, 997 219, 024 71,921 447, 894 171, 669 40, 659 316, 764 161, 560 65, 679 220, 883 233, 223 232, 646 220, 306 522, 590 891, 359 589, 130 21, 941 190, 943 342, 565 23, 873 198, 762 332, 624 5,039 167, 464 286, 197 4,564 115, 602 221, 453 5,373 100, 631 207, 175 50 79, 975 197, 902 961 74, 237 160, 631 2,231 106, 632 178, 853 8,986 232, 851 258, 257 130, 699 146, 688 139, 178 159,060 116,668 161, 246 80, 163 122,517 73, 324 81, 279 56, 347 63, 759 51, 745 52, 444 70, 878 58, 826 159, 454 119, 580 1,467 1,274 209, 942 1,408 262, 648 1,379 1,274 1,332 263, 371 1,489 .036 112,212 759, 730 .035 113,517 802, 125 .037 107, 938 807, 376 .056 70, 512 737, 849 .064 57, 450 676, 163 .052 58,090 640, 607 .047 77, 593 622, 799 1,382 ~"I~49T .040 97, 615 804, 201 .050 107, 508 779, 447 38 SURVEY OF CURRENT BUSINESS 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October October Novem- DecemJanuary ber ber December 1933 1933 Fe ar™" March April May June July August September CHEMICALS AND ALLIED PRODUCTS—Continued OILS, FATS, AND ANIMAL BYPRODUCTS— Continued Vegetable oils and products — continued. Flaxseed and products: Flaxseed: Imports, United States thous. of bu._ Minneapolis and Duluth: Receipts thous. of bu _ Shipments --. thous. of bu . Stocks, end of month thous. of bu~ Oil mills: Consumption, quarterly.thous. of bu _ Stocks, end of quarter thous. of bu_. Price, no. 1, Minn .-dolls, per bu— Production, crop estimate thous. of bu Stocks, Argentina, end of month thous of bu Linseed cake and meal: ' ~ Exports -- thous. of lb_. Shipments from Minneapolis Linseed oil: thous. of lb.. Consumption, factory (quarterly) thous. of l b _ _ Price, wholesale, N.Y dolls, per lb._ Production (quarterly) thous. of lb_. Shipments from Minneapolis thous. of lb._ Stocks at factory, end of quarter -, i thous. of l b _ _ T Lard compound: Price, tierces, Chicago* dolls. perlb._ Oleomargarine: Consumption (tax-paid withdrawals) thous. of lb— Price, standard, uncolored, Chicago dolls, per lb._ Production - thous. of l b _ _ PAINTSj Paints, varnish, and lacquer products: # Total sales (588 estab.) thous. of dolls. Classified (315 estab.) thous. of dollsIndustrial thous. of dolls _ Trade .thous. of dolls.. Unclassified (273 estab.).. -thous. of dolls.. Plastic, cold-water paints, and calcimines: Sales: Calcimines .dollars.. Plastic paints dollars— Cold-water paints dollars— CELLULOSE PLASTIC PRODUCTS Nitro-cellulose: * Sheets, rods, and tubes: Production thous. of lb Shipments thous. of lb._ Cellulose-acetate: * Sheets, rods, and tubes: Production thous. of lb Shipments -thous. o f l b . _ ROOFING Dry roofing felt: Production short tons.Stocks, end of month short tons.. Prepared roofing, shipments: Total thous. squares _ Grit roll . .. -thous. squares . Shingles (all types) thous squares Smooth roll thous. squares_- 2,515 437 384 914 368 570 732 221 806 1,056 1,391 1,781 1,981 524 645 1,452 1, 548 1,700 2,109 729 1 340 1,200 434 293 1,210 399 393 1,023 101 126 1,026 107 153 950 179 235 1, 037 524 267 912 641 334 960 244 254 875 1 123 158 1,117 1 568 171 1,834 1.80 • 7 451 1.13 . 1.06 4, 998 3, 121 1.09 f 11 787 1. 16 1.10 4, 365 1,646 1. 13 1.28 1.43 4,268 854 1.72 2.05 1.88 6 074 2 869 1.88 1,772 56 544 3,937 22 116 3,937 17 797 5,512 14 753 5,512 26 690 5,512 22 799 6,299 17 291 6,693 20 518 8,288 17 676 7,087 26 862 4,724 38 382 2,939 58 686 2, 362 52 481 8,938 11, 367 8,411 8,576 8,297 6, 410 8,693 9,564 10, 799 7,792 8,651 6,199 6,508 .097 .063 .067 43, 833 .069 90, 987 .073 .072 39, 021 .075 79, 595 .078 .087 76, 975 .094 79, 035 .108 .105 70 824 .104 113,413 2,436 4,849 4,007 2,510 4,108 3, 462 4,405 8,152 8,770 7,855 5,861 4,864 5,351 .059 .059 141, 105 .060 .063 .073 86, 926 .075 .077 .071 99 632 .070 .073 .066 .063 121, 775 .060 22, 417 19, 391 20, 048 18, 269 22, 920 15, 498 23, 106 18, 358 19, 578 15, 578 18, 929 19, 227 23, 446 .080 17, 246 .077 21, 387 .081 20, 439 .094 20, 031 .095 15, 530 .095 18, 406 .095 20, 859 .095 21 553 .094 23 664 .095 19 528 .095 19 166 .095 20 142 .095 21, 023 18, 944 12,326 4,950 7, 376 6,613 15, 592 10, 607 3,997 6,610 4,986 12, 493 8,796 3,599 5,197 3,697 9,485 6,730 3,223 3,507 2,755 11,275 7,698 3,530 4,168 3,577 11, 666 8,195 3,423 4,772 3,471 13, 579 9,180 3,392 5,788 4,398 19, 044 13, 259 4,677 8,582 5,784 26, 241 17, 780 5,991 11, 789 8,461 27, 813 19, 272 6,828 12, 444 8,542 22, 090 15, 033 6,406 8,627 7,057 20, 621 14, 163 6,323 7,840 6,457 19, 098 13, 007 5,545 7, 462 6,091 154, 521 62, 429 66, 913 113, 493 65, 529 47, 344 68, 098 129, 064 42, 228 65, 660 50, 170 30, 756 60, 047 74, 379 37, 214 75, 988 104, 789 42, 320 99, 810 86, 440 44, 159 116,523 88, 071 61,314 181, 543 114,546 84, 241 152, 678 113, 739 83, 287 161,415 109, 266 61, 443 143, 483 104, 376 63, 572 174,793 79, 681 56, 844 592 770 585 720 535 732 604 783 982 938 1,111 1,144 1,228 1,119 1,585 1,551 1,598 1,450 168 160 142 125 119 117 149 211 235 221 242 221 192 222 230 232 214 230 14, 322 4,341 17, 778 3,706 9, 450 4,662 7,604 4,827 5,460 4,864 11, 100 5,146 14, 168 4,959 16, 477 4,454 20, 741 3, 701 19, 678 5,472 20, 313 3,908 17, 457 7,110 12, 434 5,989 2,581 555 480 1,547 2,573 630 656 1.287 1,202 271 192 739 621 141 118 362 840 191 113 535 1,694 348 323 1,022 2,731 525 522 1, 685 2,267 522 470 1,275 2,804 691 672 1,441 2,026 552 435 1,039 2,700 662 617 1,421 1,774 487 465 822 2,076 491 437 1,147 ELECTRIC POWER AND GAS „ ELECTRIC POWER Consumption, industrial, for power purposes. (See Business Indexes.) Fuel consumed in production of electrical energy. (See Fuels.) * 7, 479 a 7, 686 6,462 7,231 7, 000 6,674 7, 149 6, 932 6,286 6,952 7,073 7,490 Production, total f mills, of kw.-hrs— By source: a 4, 648 » 4, 765 4,207 3,368 3,664 3,603 4,377 , 3, 982 3,651 4, 087 4,351 4,856 Fuels . - .mills, of kw.-hrs _ 3,094 3,396 3,024 3,010 * 2, 831 a 2, 921 2,772 2. 635 2,950 2,722 2,865 2,634 Water power mills, of kw.-hrs.. By type of producer: a 7, 024 6, 792 a 7, 213 5,922 6,059 6, 265 6,578 6,535 6,670 6,609 6,513 7,037 Central stations mills, of kw.-hrs— Street railways, manufacturing plants, etc. 439 422 455 473 364 409 403 479 397 464 439 453 mills of kw hrs Sales of electrical energy: ' Sales to ultimate consumers, total. 5,872 5,603 5,760 5, 237 4,988 5,026 4,878 5,373 5, 345 5,326 5, 423 5,780 (N E L A ) mills, of kw.-hrs 864 889 867 907 1,074 1,004 980 984 1,131 1, 206 1,076 1,003 Domestic service mills, of kw.-hrs.. 1,013 1,014 984 969 997 984 1,121 1,044 1,125 1,065 1, 117 1,068 Commercial— retail mills, of kw.-hrs.. 3,310 2,772 3,159 3,401 2,221 2,423 2,248 2, 343 2, 383 2,653 2, 578 Commercial— wholesale, .mills, of k w.-hrs. . 3,068 Municipal and street lighting 150 166 179 167 143 196 211 217 234 199 207 191 Railroads: mills, of kw.-hrs.. 56 56 54 53 55 55 49 50 50 45 46 58 Electrified steam mills, of kw.-hrs.. 302 309 314 304 332 361 318 348 361 350 331 332 Street and interurban..mills. of kw.-hrs— Gross revenue from sales of energy (Electrical 151, 920 151, 420 149, 950 153, 590 154, 860 154, 930 165, 410 169, 730 171,880 171, 370 158, 620 World) thous. of dolls _ Revenues from ultimate consumers 142, 487 142,512 141,163 143, 368 143, 212 143, 442 (N.E.L.A.) thous. of dolls.. 150, 390 151,551 156, 862 157, 561 160, 279 149, 768 » Revised. * New series. Earlier data not available (cellalose) and earlier data not published (laid price). « As of Nov 1. # Since March 1932 detailed figures are not strictly comparable owing to changes in firms reporting. t As of Dec.. 1. t For revised data for year 1932 see pp. 38 and 56 of the May 1933 issue. 7,348 4,440 2,907 6,909 439 5,830 940 1, 041 3,254 176 55 304 160, 080 146, 688 SURVEY OF CURRENT BUSINESS December 1933 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January in the 1932 Annual Supplement to the Survey October October November | ber 39 1933 February March April May I ! June July i August September ELECTRIC POWER AND GAS—Continued GAS Manufactured gas:* Customers, total thousands. . Domestic _ thousands House heating thousands. _ Industrial and commercial thousands ._ Sales, to consumers - - millions of cu. ft Domestic millions of cu. ft House heating millions of cu. ft Industrial and commercial millions of cu. ft Revenue from sales to consumers thous. of dolls Domestic thous. of dolls House heating thous of dolls Industrial and commercial thous. of dolls Natural gas:* Customers, total thousands .. Domestic thousands Industrial and commercial thousands Sales to consumers millions of cu. ft__ Domestic millions of cu. ft Industrial and commercial < millions of cu. ft Revenues, from sales to consumers thous. of dolls. . Domestic thous. of dolls Industrial and commerciaLthous. of dolls ......... 10, 159 9,606 58 487 30, 335 22, 990 794 10, 038 9,484 62 484 30, 186 21,338 2,030 10, 002 9,445 63 486 31, 824 21,641 3,244 9, 907 9, 356 61 482 32, 324 21, 937 3,424 9,879 9, 328 62 481 30, 949 20,714 3,395 9,853 9,305 61 478 30, 655 20, 821 3,216 9,824 9,279 61 476 30, 459 21, 103 2,576 9,826 9,281 58 479 29, 937 21,481 1,449 9,848 9,313 51 478 28, 483 20 999 473 9,891 9,359 45 481 26, 129 19 026 221 9, 897 9, 365 44 481 25, 755 18 610 195 9,997 9, 456 50 484 27, 579 20 532 267 6,372 6,632 6,737 6,778 6,661 6,438 6 607 6,864 6 886 6 763 6 828 6 648 34,011 27, 612 632 5,650 33, 022 25, 596 1 458 5,845 34 134 25, 802 2 213 5 990 34 288 25, 929 2 292 5 945 32 872 24, 608 2 289 5 841 32 509 24, 551 2 166 5 667 32 435 25 020 1 787 5 516 32 205 25, 422 1 014 5 649 31 246 25 251 370 5 531 28 825 23 224 193 5 321 28 166 22 593 172 5 316 30 534 24 866 228 5 342 5,453 4,996 455 60, 001 13, 541 5,486 5,020 464 73, 280 21, 625 5,499 5,032 466 88, 716 35, 325 5, 470 5 003 465 90, 047 40 477 5,503 5,011 491 86, 262 34, 998 5,470 4,986 482 80, 289 33, 153 5,430 4 955 473 73, 188 28, 182 5,444 4 972 470 62, 095 20 687 5,391 4 945 444 56, 339 13 348 5, 362 4 916 445 54, 040 9,168 5, 368 4 925 442 54, 975 7 627 5,402 4 961 439 58, 838 8 458 45, 283 50, 558 52, 175 48 777 50 337 46 361 44 423 40 640 42 479 44 244 46 638 49 375 20, 720 11, 607 8,964 25, 907 15, 464 10, 245 33, 407 21, 784 11,455 35, 709 24, 450 11, 130 33, 936 22, 250 11,487 30, 858 20, 201 10, 530 27, 322 17, 562 9,655 23, 359 14 664 8,604 19, 817 11, 253 8,482 17, 403 8,996 8,313 17, 309 8 446 8,753 18, 266 9 173 8 952 FOODSTUFFS AND TOBACCO DAIRY PRODUCTS Butter: Consumption, apparent* thous. of lb__ 143, 939 141, 933 138, 524 134, 106 128, 678 122, 655 129, 093 133, 645 160, 871 128, 815 133, 123 142, 668 139, 403 .21 Price, N. Y., wholesale (92 score) dolls, per lb._ .24 .24 .23 .20 .19 .18 .21 .23 .21 .25 .24 .23 Production (factory) f thous. of Ib 129, 689 121, 819 109, 790 120, 841 127, 076 119,212 129, 379 135, 371 187, 205 200, 712 177, 638 166, 884 138, 801 Receipts, 5 markets thous. of Ib 50, 801 39, 720 40, 714 43, 074 50, 828 44, 750 50, 672 48, 072 65, 023 73, 116 64, 057 63! 877 54! 844 Stocks, cold storage, creamery, end of month thous. of lb._ 160, 390 66, 828 37, 207 22, 043 17, 833 11,580 9,255 9,398 35, 159 106, 378 150, 934 175, 476 a 174, 713 Cheese: Consumption, apparentf thous. of lb__ 44, 770 45, 529 41,432 41, 194 39, 871 40, 549 43, 817 45, 273 56, 740 40, 835 45, 499 39, 212 41, 305 Imports _thous. of Ib 6,609 4,845 3,830 6,300 2,892 3, 070 3,545 6,862 3,891 3, 440 2, 730 3, 100 5, 527 Price, No. 1 Amer. N.Y dolls, per lb__ .13 .13 .13 .12 .13 .11 .11 .12 .15 .15 .14 .13 '.15 Production (factory)t thous. of lb-_ 36, 494 45, 755 39, 293 37, 716 31, 387 29, 480 34, 073 36, 281 56, 116 64, 359 57, 813 49, 927 43, 291 American whole milkf thous. of lb._ 28, 006 29, 267 23, 601 22, 819 23, 815 2,124 26, 186 29, 578 43, 422 51, 142 46, 209 39, 651 33, 897 Receipts, 5 markets thous. of lb__ 12, 709 13, 329 12, 505 11,405 10, 768 9,981 12, 725 12, 728 13, 989 16, 923 12, 170 12, 656 16, 037 Stocks, cold storage, end of monthf 73, 916 68, 714 thous. of lb._ 109, 605 78, 274 63, 321 55, 731 48, 806 43, 626 48, 481 78, 715 94, 291 108, 035 « 113, 131 American whole milkf thous. of Ib _ 95, 808 66, 813 62, 392 57, 749 53, 532 46, 992 41, 625 37, 321 41,336 67, 456 82, 771 94, 394 « 99, 326 Milk: Condensed and evaporated: Production:! Condensed (sweetened) thous. of lb_. 19, 232 19, 452 14, 699 16, 575 14, 580 15, 178 12, 715 15, 947 19, 496 14, 805 15, 704 18, 201 21, 363 Evaporated (unsweetened) # thous. of lb._ 109, 754 105, 594 92, 513 101, 617 112, 209 104, 658 141, 090 172, 178 203, 685 220, 655 179, 668 149, 757 126, 079 Exports: 322 Condensed (sweetened) thous. of lb_. 522 592 583 506 526 475 562 312 333 342 330 482 Evaporated (unsweetened). thous. of lb._ 1,927 2,833 2,601 3,036 3,129 2,629 2,893 3,290 3,147 2, 394 2,885 3,305 2,122 Prices, wholesale, N.Y.: Condensed (sweetened)-.dolls. per case-4.73 4.68 4.68 4.68 4.68 4.68 4.68 4.68 4.70 4.73 4.73 4.73 4.68 Evaporated (unsweetened) dolls, per case.. 2.70 2.25 2.25 2.56 2.42 2.55 2.03 2.19 2.60 2.70 2.63 2.70 2.55 Stocks, manufacturers, end of month: Condensed (sweetened): a 10,512 8,334 Bulk goods thous. of lb_. 7,505 7,427 6,488 5,453 5, 573 6,076 13 269 11,437 10, 364 11,186 8, 585 Case goods thous. of lb^_ 13, 198 16, 302 14, 673 12, 234 9, 524 7,831 5,935 5,310 14] 996 16, 932 16, 428 14, 683 9,860 Evaporated (unsweetened): AO -i 97 Case goods thous of Ib 234, 665 146, 204 139, 957 100, 092 107, 154 101, 085 50, 571 36 975 4o, 104 088 131 980 177 536 208 493 I// ' Fluid milk: Consumption in oleomargarine 5,344 thous. of lb_. 4,646 4,485 4,736 5,039 5,041 3,988 4,858 3,773 5,044 5, 220 4,426 4,814 Production, Minn, and St. Paul thous. of Ib 24, 571 26, 727 31, 705 34, 903 32, 457 36, 718 34, 908 37 821 36, 342 29, 395 25, 984 22, 812 Receipts: Boston, incl. cream thous. of qt__ 18, 571 17, 589 17, 725 17, 848 16, 364 18, 266 17, 591 18, 876 19, 235 19, 382 18, 243 19, 409 Greater New York thous. of qt._ 113, 877 107, 768 108, 829 109, 567 102, 264 112,525 109, 550 121, 759 118, 690 113, 383 Powdered milk: Exports thous. of lb._ 215 291 178 225 183 179 160 248 225 192 184 192 205 Orders, net, new thous. of Ib 8,982 10, 207 9,910 10, 089 191 39 7 877 7, 789 9, 556 10 251 12 910 11 337 11 773 ° 9 871 I/, lo/ Stocks, mfrs. end of mo thous. of l b _ _ 20, 152 20, 004 18, 505 18, 326 17, 473 16,' 389 14,' 997 13' 354 13^ 040 is! 303 IS] 140 a is! 294 13,695 FRUITS AND VEGETABLES Exports, fruits and preparations. (See Foreign trade.) Apples: f Production, crop estimate thous. of bu . • 143,827 140, 775 Shipments, car lot carloads.. 16, 060 24, 078 10, 816 6,128 6, 278 5,875 4,999 2,830 1,083 1,964 1,420 6, 123 1, 538 Stocks, cold storage, end of month 0 thous. of bbL_ 7,140 8,827 9,811 8,513 6,703 4,138 2, 894 1,567 590 1, 749 Citrus fruit, car-lot shipments carloads .. 8,183 6,797 11, 002 13, 478 13, 566 12, 287 13, 624 12, 813 12, 345 7,487 14, 047 6,305 6,839 Onions, car-lot shipments. carloads.. 3,260 2,137 3,449 1,708 2,311 2,252 2,431 2, 456 1, 727 1,792 2,740 1,145 3,293 Potatoes: 2 305 Price, white, N.Y dolls, per 100 Ib 2. 017 1.254 .910 1.061 1.258 1. 250 1. 257 1. 290 1 417 2 371 1 101 2 080 Production, crop estimate thous. of bu._ •317,612 f 357,679 Shipments, car lot... carloads.. 21. 699 " 14." 496" ~~11.~941~ 12. 118 1 6. 570 16." 359~ ~~24.~481~ 18 OOn ~ ~ 1 7 ~ Q n S ~ 91 309 11 83d in ^^ 17 1 z,f( * New series. For earlier data see p. 19 of the May 1933 issue (gas) and p. 19 of the June 1933 issue (butter). # Bulk evaporated milk not included since December 1931. • As of Nov. 1. / As of Dec. 1. ° Revised. t Revised series. For earlier data see p. 19 of the April 1933 issue (American whole milk and total cheese stocks) and p. 20 of the January 1933 issue for 1931 revised data on production of butter cheese and milk. Also apparent consumption of cheese. For 1932 revisions for butter, factory cheese, American whole milk cheese, condensed evaporated milk see p. 39 of the September 1933 issue and November 1933 issue for revisions for 1932 (evaporated milk). Digitized forand FRASER For 1932 revisions for evaporated milk see p. 39 of the NOV T . 1933 issue. SURVEY OF CURRENT BUSINESS 40 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October October December 1933 1932 1933 Decem- January February ber March April May June July August September FOODSTUFFS AND TOBACCO—Continued GRAINS Exports, principal grains, including flour and 2,143 meal thous of bu Barley: 283 Exports, including malt thous. of bu-_ .67 Price, no. 2, Minn dolls, per bu_. Production crop estimate thous of bu •159 741 4,315 Receipts, principal markets *__thous. of bu._ Visible supply, end of month.-thous. of bu_. 15, 692 Corn: 287 Exports, including meal thous. of bu.. 5,761 Grindings thous. of bu_. Prices, wholesale: .38 No. 3, yellow (Kansas City) .dolls, per bu_. .42 No. 3, white (Chicago) dolls, per bu_. Production, crop estimate thous of bu «2,289,544 Receipts, principal markets thous. of bu_- 26, 610 Shipments, principal markets.thous. of bu_. 17, 887 Visible supply, end of month-. thous. of b u _ _ 61, 462 Oats: 105 Exports, including oatmeal thous. of bu._ .32 Price, no. 3, white (Chicago) ..dolls, per bu_. Production, crop estimate thous of bu «698, 531 5,054 Receipts, principal markets thous. of bu._ Visible supply, end of month. .thous. of bu._ 48, 642 Rice: Exports §_ . pockets 100 lb. 78, 296 15, 169 Imports pockets 100 Ib Price, wholesale, head, clean, New Orleans .036 dolls, per lb._ «36, 803 Production crop estimate thous of bu Receipts, southern paddy, at mills 2,094 thous. of bbl. (162 lb.)-Shipments to mills, total 965 thous. of pockets (100 Jb.)_. 47 New Orleans— .thous. of pockets (100 lb.)_. Stocks, domestic, end of month 2,373 thous. of pockets (1001b.)_. Rye: 2 Exports, including flour thous. of bu._ .62 Price, no. 2, Minneapolis dolls, per bu.. Production crop estimate thous of bu •23 116 668 Receipts, principal markets*_._thous. of bu._ Visible supply, end of month*. thous. of bu__ 13, 158 Wheat: Exports: 1,466 Wheat, including flour thous. of bu_. 24 Wheat only thous. of bu._ Value, wheat and flour. (See Foreign Trade.) Prices, wholesale: No. 1, Northern, Spring, Minn, .85 dolls, per bu._ No. 2, Red, Winter, St. Louis .86 dolls, per bu._ .83 No. 2, Hard, Winter, K.C_ .dolls, per bu.. Weighted average 6 markets, all grades .84 dolls, per bu__ Production, crop estimate, total thous of bu '514,816 Spring wheat thous. of bu_. •174,461 Winter wheat thous of bu •340 355 17, 624 Receipts _ thous. of bu Shipments thous. of bu._ 17, 473 Stocks, visible supply, world. -thous. of bu_. Canada thous. of bu._ ~244~965 United States... thous. of bu_. 149, 719 Stocks, held by mills (quarterly) thous of bu Wheat flour: 8,749 Consumption (computed) thous. of bbl__ 312 Exports thous. of bbl_. 37, 371 Grinding of wheat thous of bu Prices, wholesale: 6.75 Standard Patents, Minn.. .dolls, per bbl__ Winter, straights, Kansas City 5.50 dolls, per bbl_. Production: Flour, actual (Census) thous. of bbl__ 8,181 Flour, prorated, total (Russell's) f thous. of bbl. . 9,171 Offal thous. of Ib.. 656, 225 50 Operations, percent of total capacity. Stocks, total, end of month (computed) 5,460 thous. of bbl. _ Held by mills (Quarterly) thous of bbl 5,715 4,826 3,569 4,172 2,803 3,176 3,210 4,220 2,749 2,523 1,121 .26 449 .25 1,113 .30 648 .40 785 .45 858 .43 836 .64 437 .58 411 .69 3,272 7,151 940 .29 /299, 950 2,914 2, 724 8,242 7,633 1,787 8,685 1,203 8,496 1,683 8,320 5, 055 8,414 8,780 10, 809 5,091 11,701 6,280 11, 633 5,719 14, 069 6,687 14, 830 1,915 5,856 2,320 5,569 699 5,167 155 5,758 583 5,022 371 5,830 187 7,117 713 8,862 453 5,473 581 6,511 438 6,005 482 4,645 .23 .24 .22 .23 .26 .26 .33 .36 .39 .44 .40 .45 .52 .57 .50 .53 .44 .48 12, 715 3,750 33, 793 12, 641 3,602 35, 006 9,885 4,991 36, 120 16, 623 11,776 32, 463 26, 464 16, 718 38, 362 33, 742 15, 111 49, 187 46, 223 23, 594 63, 456 13, 543 14, 659 57, 747 21, 333 10, 675 59, 670 8,176 1,244 .29 .24 .25 24, 516 12, 444 28, 252 566 .15 5,421 28, 532 10, 075 1,353 .31 .22 .23 /2,875,570 11,552 12, 644 6,486 9,318 30, 724 27, 534 .24 .25 525 .15 /1,238,231 3,745 3,189 26, 310 27, 316 237 .15 360 .15 582 .17 210 .22 153 .25 163 .30 155 .39 172 .36 96 .35 4,352 26, 220 4,236 25, 434 4,767 23, 983 8,191 22, 228 11,791 23, 695 12, 159 28, 173 16, 542 34, 598 19, 978 44, 746 8,815 49, 367 211, 802 20, 102 153, 549 31,872 152, 025 23, 837 166, 291 28, 704 157, 235 21, 635 69, 816 20, 047 71, 573 16,913 163, 348 20, 345 73, 077 30, 368 26, 987 23, 034 .019 .019 .021 .022 .026 .026 .029 .031 .034 406 .15 163, 347 6,287 176, 704 21, 381 .021 .020 1,606 1,186 706 687 747 821 1, 032 628 257 112 171 1,067 957 90 988 97 834 83 838 67 750 48 1,058 72 1,102 19 821 54 565 49 554 50 431 87 605 92 1, 915 2,177 2,107 2,013 2,036 1,856 1,833 1,650 1,381 937 671 1,157 0 .33 1 .32 1 .35 3 .43 2 .52 17 .62 6 .83 2 .72 3 .71 587 8,485 2 .31 / 40, 409 610 423 7,993 8,030 608 7,934 286 7,790 546 7,688 1,269 8,006 5,211 8,806 2,573 10, 501 1,689 11, 273 1,218 11,998 1,704 12, 968 4,422 2,656 5,995 3,714 3, 549 1,728 3,313 1, 793 2,176 729 2,105 456 1,754 194 1,523 14 1,719 16 1,391 29 1,700 21 1,531 43 .54 .49 .48 .50 .49 .53 .63 .74 .80 1.08 .94 .90 .50 .45 .47 .43 .46 .42 .50 .44 .49 .44 .55 .48 .69 .60 .81 .70 .82 .76 1.01 .98 .92 .90 .89 .87 .51 .49 .46 .48 .48 .53 .64 .73 .78 1.00 .92 .89 27, 238 17, 540 528, 700 224, 678 190, 310 17, 584 23, 464 525, 800 231, 342 177, 025 / 726,283 / 264,604 / 461,679 13, 859 13, 604 592, 670 233, 592 168, 958 12,814 8,375 643, 550 228, 647 158, 228 9,869 7,481 620, 400 223, 439 148, 426 12, 729 10, 246 577, 600 225, 360 136, 724 15, 753 13, 421 522, 330 215, 204 125, 934 23,310 17, 258 475, 380 196, 581 118, 546 28, 598 15, 822 458, 610 197, 665 124, 973 37, 172 17, 527 459, 660 193, 879 135, 493 26, 748 13, 729 482, 600 191, 545 149, 732 22, 604 13, 568 515, 950 213, 356 153, 438 10, 338 376 42, 880 9,239 483 39, 841 9,192 387 38, 007 9,281 324 36, 949 8,247 308 33, 133 8, 144 351 40, 705 9,056 332 42, 560 9,942 321 40, 392 10, 322 290 38, 288 7,127 362 30, 866 8,063 317 34, 473 3.92 3.72 3.74 3.80 3.71 4.03 4.54 4.86 5.38 7.55 7.14 6.93 3.00 2.84 2.85 3.00 2.75 3.04 3.48 4.03 4.13 6.11 6.05 5.93 9,382 8,719 8,323 8,077 7,216 8,867 8,298 8,777 8,577 8,275 6,719 7,540 10,514 762, 369 57 9,772 691, 984 55 9,328 660,411 51 9.055 646, 950 52 8,573 572, 587 50 9,255 709, 357 53 9,128 745, 950 59 9,963 711,463 54 9,417 696, 558 52 9,375 680, 822 53 7,956 548, 544 40 8,769 609, 599 46 5,700 5,750 5,500 4,012 4,940 4,900 5,660 3,718 5,400 5,100 5, 700 2,993 4,463 4, 960 5,350 3,825 1,205 1,088 1,042 1,014 1,061 919 993 1,030 1,107 1,095 1,051 1,159 <* 1, 163 1,077 1,059 1,059 1,172 1,239 1,019 1,052 1,106 1, 240 1,314 1,185 1,164 1,066 739 50 544 37 513 35 620 43 717 47 751 46 749 42 780 45 865 51 1,049 65 1,146 75 1,104 73 «940 65 .020 / 40, 643 Is- 29 .32 1 .31 116,910 147, 095 173, 884 131, 854 8,455 362 39, 487 LIVESTOCK AND MEATS Total meats: Consumption, apparent mills, of lb._ Exports, value of meats and fats. (See Foreign Trade.) Production (inspected slaughter) mills, of lb__ Stocks, cold storage, end of month total mills, of lb._ Miscellaneous meats . mills, of Ib. a Revised. * New series. For earlier data see p. 20 of the November 1932 issue (barley and rye). t Data revised from July 1931. See p. 19 of the August 1933 issue. § Data for 1932 revised. For revisions see p. 39 of the June 1933 issue. • As of Nov. 1. / As of Dec. 1. 41 SURVEY OF CURRENT BUSINESS December 1933 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January Februin the 1932 Annual Supplement to the Survey October October November ber ary 1933 March April May j ! i June I i ! July August September FOODSTUFFS AND TOBACCO—Continued i LIVESTOCK AND MEATS— Continued Cattle and beef: Beef and veal: Consumption, apparent. thous. of lb_~ 489, 667 380, 576 357, 250 1,060 Exports§ thous. of Ib 796 969 Price, wholesale: Beef, fresh native steers, Chicago .124 dolls, per l b _ _ .096 .136 Production, inspected slaughter 494, 763 389, 873 thous. of Ib.. 361,405 Stocks, cold storage, end of month thous. of Ib.. 59, 067 36, 036 41,029 Cattle and calves: Movement, primary markets: 2, 178 1,543 Receipts thous. of animals-. 1, 896 962 Slaughter, local thous. of animals. . 1,160 847 Slaughter, inspected. (See Leather and leather products.) 971 866 735 Shipments, total thous. of animals. . Stocker and feeder. _ thous. of animals _ _ 528 479 377 Price, wholesale, cattle, corn fed, Chicago dolls, per 1001b__ 5.77 8.09 7.00 Hogs and products: Hogs: Movement, primary markets: 2,521 2,691 2, 775 Receipts thous. of animals 1,830 Slaughter, local thous. of animals. . 1, 699 1.881 Slaughter, inspected. (See Leather and leather products.) 813 Shipments, total thous. of animals .. 855 891 Stocker and feeder thous. of animals.. 33 23 26 4. 49 3. 64 3.37 Price, heavy, Chicago. .dolls, per 100 lb.. Pork including lard: Consumption, apparent thous. of lb__ 652, 154 646, 527 631, 229 Exports, total thous. of lb.. 61,864 62, 827 47, 358 Lard thous. of lb-_ 49, 812 53, 573 35, 897 Prices: .122 Hams, smoked, Chicago dolls, per lb~. .126 .118 Lard: Prime contract, N.Y dolls, per lb._ .057 .053 .048 .062 Refined, Chicago* dolls, p e r l b _ .069 .065 Production, inspected slaughter, total thous. of lb_. 518,294 607, 951 643, 777 Lard ... _ _ _ . . - thous. o f lb_. 98, 180 112,063 128, 446 Stocks, cold storage, end of mo. thous. of lb.. 626, 944 467, 958 433, 644 Fresh and cured thous. of Ib 493, 094 433, 548 403, 898 Lard _ ... thous. of Ib 133,850 34, 410 29, 766 Sheep and lambs: Lamb and mutton: Consumption, apparent thous. of Ib .. - 63, 170 60, 447 53, 421 Production, inspected slaughter thous. of lb_- 63, 859 61,449 53, 366 Stocks, cold storage, end of mo. 2, 512 thous. of l b _ 2,974 2,904 Movement, primary markets: Receipts thous. of animals _ _ 3, 268 2, 203 3,266 Slaughter, local thous. of animals. . 1,351 1,340 1,107 Slaughter, inspected. (See Leather and leather products.) Shipments, total thous of animals 1, 904 1 , 900 1, 145 Stocker and feeder thous. of animals ._ 857 803 501 Prices, wholesale: Ewes, Chicago dolls, per 1001bs_. 1.88 1.50 1. 56 Lambs, Chicago dolls, per 100 Ibs. . 6.40 5.05 5. 17 Poultry and eggs: Eggs: Receipts, 5 markets thous. of cases 651 605 738 Stocks, cold storage, end of month: Case . . . .. .. thous. of cases 5, 178 3,225 1, 199 Frozen thous. of lb_. 82, 244 74, 314 64, 150 Poultry: Receipts, 5 markets thous. of lb._ 32, 098 32, 140 73, 950 Stocks, cold storage, end of mo. thous. of lb_. 59, 631 54, 989 91, 118 TROPICAL PRODUCTS 371, 847 343, 608 943 927 844 373, 610 1,135 376, 913 1,561 432, 849 1, 164 434, 366 1,657 423, 174 1,344 473, 257 1,689 a 465, 155 1, 859 . 113 .106 .105 .097 .092 .094 .094 .094 .098 .094 332, 357 365, 532 338, 763 370, 562 372, 635 430, 356 436, 508 426, 689 475, 679 466, 068 42, 870 39, 550 36, 015 33, 781 30, 658 30, 538 35, 136 41,823 48, 446 "51,198 1. 161 1,318 1,136 1, 171 824 1,296 1,456 725 786 829 1,558 1, 006 1,449 689 953 1,657 1,068 1,653 1,004 494 210 471 152 407 129 386 97 456 152 534 193 489 150 460 111 603 213 638 261 5. 77 5.09 5. 16 5.44 5.52 6.32 6.36 6.50 6.32 6. 23 3, 121 2, 167 3, 381 2, 396 2, 699 1,896 2, 638 1,921 2, 798 2, 084 3, 143 2,412 3, 361 2,621 2, 871 2, 136 3,917 2, 957 6, 494 5,552 959 959 20 975 29 803 24 715 20 714 29 737 46 736 55 856 41 1,032 2.94 718 38 3. 06 3.41 3. 92 3.75 4.57 4.58 4. 56 3. 94 4. 04 631,981 634, 850 88, 713 78, 137 523, 896 65, 761 57, 773 561, 356 58, 351 47, 661 596, 651 50, 639 38, 741 615, 825 56, 154 46, 038 605, 893 52, 093 37, 941 576, 467 628, 786 49, 240 35, 714 637, 565 61, 157 48, 743 59, 558 49, 919 51,112 36, 200 37 .108 .107 .108 . 114 .116 . 121 .128 .135 .132 .124 .046 .055 .046 .052 .042 .051 .048 .055 .049 .058 .066 .073 .066 .071 .073 .074 . 060 .068 .060 .067 789, 467 163, 864 819, 244 175, 438 628, 937 623, 747 823, 375 171, 519 707, 530 148, 330 631,418 127,436 677, 378 139, 066 750, 898 131,985 539, 848 108, 085 531,938 627, 925 575, 084 52, 841 667, 503 609, 321 58, 182 671,914 702, 255 630, 360 7l', 895 781, 442 670, 553 946, 980 1,027,581 760, 730 808, 322 ISO* 250 219' 259 981,177 490, 850 41, 088 610, 240 61, 674 150,410 110^889 129, 045 « 822, 498 756, 701 a Q3Q( 437 224 \ 476 a j(j2 ; 061 50, 030 54, 482 51, 720 57, 790 56, 419 58, 368 54, 569 51,054 56, 762 49, 910 53, 761 51, 400 57, 939 56, 397 58, 456 54, 556 50, 862 56, 666 2, 767 2, 029 1,683 1,818 1,773 1, 843 1,807 1,594 1,487 1,657 1,795 1,020 1,844 1,099 2,097 2,402 919 1,914 1,083 1,152 1,319 2,091 1, 167 2, 226 1, 106 2, 752 1, 249 2,911 1,277 749 196 820 108 776 82 747 65 948 107 1 081 'l25 912 ioo 1, 103 'l08 1 509 '347 1 622 ' 498 1.75 5.38 1.75 5. 53 1.75 5.44 1.75 5.38 1.88 5.18 1.88 6. 10 2. 1 6 7. 28 1.83 7.20 1.88 6.81 1.88 6.34 618 1 , 050 988 1, 639 2, 280 2, 502 1,576 1, 152 951 733 159 75 163 46, 448 40, 450 4 857 62| 944 8, 062 85^ 323 9, 364 55, 339 1, 833 45, 090 9, 507 10?1 660 8, 944 102', 449 a 7 40(5 0 93' 182 74, 866 30, 153 21, 975 17, 879 18, 617 23, 123 24, 086 22, 121 23, 966 111,642 104, 833 88, 675 67, 285 45, 824 38, 131 42, 705 44, 970 47, 789 19, 873 . 0383 25, 181 . 0367 22, 853 . 0358 14, 471 . 0370 20, 324 . 0388 14, 801 0450 18, 097 0480 18, 198 0550 23, 884 0548 22 056 0470 52, 183 51, 234 29, 577 25, 349 17, 739 18, 028 19,613 17,832 23, 865 10, 260 962 403 945 1,303 1,117 1, 245 1,116 1,197 1,366 1,465 .084 1, 785 716 977 1,329 597 922 625 1 , 586 ioa! 019 60, 116 60, 540 a 1,886 24, 862 a 50, 177 i Cocoa: Imports . . . . . . . long tons 19, 642 11,346 19, 730 Price spot, Accra, N.Y dolls, per Ib .0420 . 0428 . 0408 Shipments, Gold Coast and Nigeria long tons.. 11,409 22, 220 34, 486 Coffee: Clearances from Brazil, totaLthous. of bags. . 1,274 1,339 894 To United States thous. of bags. . 602 657 390 Imports into United States. --thous. of bags.. 1,019 923 935 Price, Rio No. 7, N.Y dolls, per lb_. .074 .088 .082 Receipts at ports, Brazil thous. of bags. _ 1,646 1,155 1,196 Stocks, world total, incl. interior of Brazil thous. of bags.- 24, 725 31, 828 31, 612 Visible supply, total excl. interior of Brazil thous. of bags.. 7,179 5, 415 5, 287 United States thous. of bacs.. 945 624 584 1 Revised. * New series. Earlier data not published. 331, 693 784 911 655 678 .083 1,315 1,083 .085 1,401 1,109 .082 1,792 31,005 29, 819 28, 956 5, 508 562 5,154 545 5, 296 714 .078 1,588 1,187 .082 1, 631 .076 1,543 27, 282 26, 089 24, 233 5,778 5,888 72/i 5, 754 891 703 745 865 627 770 834 .076 1,440 1, 128 .076 1, 565 .074 1, 836 23, 095 22, 394 22, 370 23, 598 6, 140 72 5 6, 418 747 6, 634 i nnA 6, 957 07fi § Data revised for 1932. For revisions, see p. 40 of the June 1933 issue. SURVEY OF CURRENT BUSINESS ! Monthly statistics through December 1931, j 19.33 together with explanatory footnotes and refer- j ences to the sources of the data, may be found j in the 1932 Annual Supplement to the Survey i October October December 1933 1932 1933 January i ™>ru- Mar(jh April May June August Sept em- July FOODSTUFFS AND TOBACCO—Continued . _ . . _ . .. • TROPICAL PRODUCTS Continual Sugar: Raw sugar: Cuban movement : 1 14, 282 Exports long tons. . 98, 478 ! 94. 1 03 Receipts at Cuban ports, long tons.. 76, 727 64, 693 62. 549 Stocks, total, end of month 1 , 598 1 , 838 thous, of long Ions... 1.653 1.535 United States: Meltings, <s portsf - - - - -long tons.. 25S, 209 280. 791 232, 828 212,808 Price, wholesale, 96° conTrifugal, New. 033 . 032 .029 York dolls, per Ib .. . 030 Receipts: 03, 845 87, 802 46,544 37.213 From Hawaii and Pto. Uico.long tons Imports § long tons . 170.729 151, 139 139, 146 ! 136,805 Stocks at refineries, end of nio.f long tons.. 290. 416 256. 180 193,899 j 152, 131 Refined sugar: 4, 427 3, 538 2.969 2.616 Exports, including maple § long tons . ,051 . 049 .049 .049 Price, retail, gran.. N.Y . .. dolls, per lb__ .041 . 045 .042 j .041 Price, wholesale, gran,. N.Y -dolls, per l b _ _ Shipments, 2 ports. __ long tons.- 36, 464 46, 070 77,390 ! 88,569 Stocks, end of month. 2 ports.. -long tons... 25, 984 39, 560 66,431 71,385 Tea: 9. 353 10.364 9,817 Imports ~. .-thoiis. of Ib. . 10.929 Price, wholesale, Formosa, fine, N.Y. . i"5 . !75 dolls, per Ib . 1 75 . 1 75 i • 1, 144 ' i 2. 062 2,911 2. 882 2, 825 2, 637 2, 386 2, 213 2,081 215. 768 f 224, 948 342. 037 345, 677 361.308 411.361 358,713 408,918 277, 642 .027 * . 028 86, 809 125. 149 170 779 1 163.821 ! ! 147.879 200, 163 | ! j | 1 . 030 . 034 1 035 i fttr» .031 . 033 170, 909 258, 951 227, 499 308, 660 185, 062 305. 753 164,316 261. 516 176,296 219 119. 99.100 169, 933 108, 023 177, 152 281,051 367. 545 426, 714 448, 183 498, 052 369. 780 311,462 3, 513 . 054 38, 928 4. 062 '. 052 .046 67, 208 42,018 4, 020 .052 .046 49, 909 32, 649 8,909 1 1 . 575 9, 496 . 175 .175 .175 16,286 21, 553 28,784 i 34,036 30, 542 2.470 .049 .039 83, 876 59,315 2. 768 .047 . 038 94, 278 65, 767 3, 325 . 048 . 041 52, 654 9.038 5. 705 .1 75 16, 104 26. 046 2. 854 .048 . 042 66, 774 25. 605 3, 090 .049 .044 76, 163 32, 826 6. 635 7. 067 7. 295 j 5.846 1 . 175 . 175 . 175 . 175 . 175 ; 15,506 14, 862 15.U33 15.561 11.844 : 3, 625 . 049 . 045 62, 279 36.513 . 046 59, 718 ! . 035 MISCELLANEOUS PRODUCTS Candy sales by mauufacturers.thous. of dolls _ 22. 598 21,219 20.613 j 19. 734 Fish: Landings, fresh fish, principal ports ! ' thous. of Ib... 83. 595 33, 069 18. 653 14,038 i 501.737 281, 139 395. 267 Salmon, canned, shipments cases Stocks, total, cold storage, loth of month thous. of Ib , 55. 902 63. 167 62, 168 55. 749 TOBACCO Leaf: Exports § , .thous. of Ib ... (>(>, 217 59, 103 47.180 31,842 2, 247 4,950 4,147 Imports, unmanufactured thous . of Ib - . 1.911 . _ /1. 01 5.51 2 Production, crop estimate thous. of lb.. "1,408,361 Stocks, total,1 including imported types 2, 1 45 (quarterly ! mills, of lb-Flue-cured, fire-cured, and air-cured I 1 679 mills of Ib 383 Cigar types mills, of Ib _ Manufactured products: Consumption (tax-paid withdrawals): 8,351 7, 614 7, 319 Small cigarettes millions . . 9, 176 Large cigars thousands .. 408, 452 436, 832 419, 173 254, 136 Manufactured tobacco and snuff thous. of lb_. 30, 546 28, 847 28, 000 24, 1 16 Kxports, cigarettes _ _ _ - 1 housan ds - . 272, 496 159, 743 146, 081 216, 297 Prices, wholesale: 6. 042 6. 042 4.851 6. 042 Cigarettes dolls, per 1.000 _ 48. 685 48. 685 16. 519 Cigars dolls, per 1,000 48. 685 10.717 | : ! | 17,270 282, 104 22, 325 631,818 24,158 516, 749 28, 426 378, 682 30, 297 477. 019 22.231 301,645 45, 756 35, 469 25, 855 19.335 19.646 25,711 33.231 | 44,850 51, 172 28,403 16,392 _ - 25, 796 7, 397 36, 725 9, 910 3\ 713 4, 285 20,251 2, 669 18,523 1, 502 30,621 1,880 42, 3% 2, 349 I 1 24.503 1, 666 2, 278 "• 2, 099 2. 009 1 785 389 1 599 a 400 1 529 389 8, 622 296, 640 7,854 287, 430 7,974 290, 111 7, 973 321, 207 12, 823 371, 373 12, 463 418, 570 9,526 400, 511 11, 189 434, 821 9.528 423, 600 27, 786 207, 980 24, 446 146, 038 27, 456 238, 126 28, 847 131, 016 31,838 197, 603 32, 358 142, 109 28, 782 207, 360 32, 942 171, 439 29, 133 271,311 5.292 48. 685 4.961 46. 062 4.851 46. 062 4. 851 46. 062 4.851 46. 062 4. 851 4.851 46. 062 j 46. 062 4.851 46. 062 4.851 46.062 FUELS AND BYPRODUCTS COAL Anthracite: 112 85 60 83 102 99 125 92 38 IS-89 67 80 31 Exports thous, of long toiis.-j Prices: Retail, composite, chestnut , 1 3. 23 13. 58 13.60 13. 53 13.48 13.00 12.00 11- dolls, per short ton..' 12.65 13.12 12.25 13.65 13.61 12.26 Wholesale, composite, chestnut # 9.341 n__ 9. 931 10.909 10. 932 10. 921 12. 228 12. 228 10. 874 10. 095 9.542 9.962 dolls, per short ton.. 9. 648 9.616 4, 519 4, 271 3,807 4,275 2,891 3,928 4,396 4,993 2,967 is.. 4, 711 0 5, 234 5,089 3,677 Production ...thous. of short tons.. 4.147 4, 770 « 3, 852 a 4, 430 a 3, 274 0 3, 744 u 3, 820 0 2, 460 0 2, 495 <* 3, 521 a 3, 239 « 3, 990 * 4, 222 1S__ Shipments thous. of short tons... 2,164 792 533 511 457 IS--. L351 « 2, 277 1,732 1,236 977 1,267 435 736 Stocks, in storage thous. of short tons.-j Stocks, in yards of dealers, end of month 32 42 34 46 42 53 v_. no. of days' supply. Bituminous: Consumption: 2,554 2,854 2, 502 4, 346 4,164 2, 658 2,729 2,708 2, 469 3, 329 4,020 Coke plants --.thous. of short tons ..| 3. 773 773 2, 618 is.. Electric power plants! 2,492 2, 305 2,074 2,482 « 2, 785 « 2, 882 2,610 2,294 2, 824 2,480 2, 678 2,676 2,196 thous. of short tons-IS-. 4,682 4,769 4,492 4,481 4,248 4, 354 4,357 4,659 4,746 4,759 5, 096 5,080 is Railroads . thous. of short tons 122 134 117 83 59 58 65 106 103 98 93 63 118 1S-. Vessels, bunker.. thous. of long tons.. 2,87 722 311 953 976 983 948 453 337 435 806 811 1, 012 Exports thous. of long tons....Price, retail composite, 38 cities 7.93 7.64 7.43 7.18 7.77 7.45 7.37 7.17 n._ 7,60 7.59 7.51 7.46 8. 08 dolls, per short ton..! Prices, wholesale: j 3. 690 3. 722 3.549 3.582 3. 572 3. 613 3. 597 3.566 3.503 3.497 3. 500 3. 929 3. 555 n__ Composite, mine run-dolls, per short ton..j: Prepared sizes (composite) 3. 829 3.614 3.400 3.726 3. 550 3. 643 3. 657 3. 642 3.598 3.581 3. 416 3.416 n_. 4. 119 dolls, per sh 29, 500 1S_Production thous. of short tons..! 29, 656 656 32, 677 30, 632 31, no 27, 060 27, 134 23, 685 19, 523 22, 488 25, 320 29, 482 33,910 Stocks, consumers, end of month 30. 038 ._. 23, 843 22, 486 23, 250 29, 666 29, 046 1S thous. of short tons --"Revised. § Data for 1932 revised. For revision seo p. 41 (sugar) and p. 42 (tobacco) of the June 1933 issue. t For revised data for year 1932 see p. 41 of the May 1933 issue (sugar) and p. 42 of the May 1933 issue (bituminous coal consumption by electric-power plants). Data for anthracite shipments revised for 1932: January, 3,309; February, 3,489; March, 4,250; April, 5.010; May, 2,925; June, 2,269; July, 2,790; August, 3,055; September. 3,698 # Price converted to short-ton basis. « As of Nov. 1. ' As of Dec. 1. SURVEY OF CURRENT BUSINESS December 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 43 1 933 1932 October October December N( }^m' January February March April May June July August September FUELS AND BYPRODUCTS— Continued COKE Exports thous. of long tons _ > Price, furnace, Connellsville dolls, per short ton... ,'roduetion; Beehive t -thous. of short tons..,. Byproduct f - -thous. of short tons.. Petroleum thous of short tons -Hocks, end of month: Byproduct plants.. . - -thous. of short tons Petroleum, refinery ..thous. of short tons__ PETROLEUM AND PRODUCTS 72 63 • 51 27 21 3. 47 2. 05 1.91 1.88 1.88 a 57 « 68 " 1,749 147 n 79 -1,785 .1 50 45 2, 559 1 139 1,736 155 3. 066 891 4, 028 1 . 434 3,857 1.393 i 1 3,515 1,330 82 i 1.785 1 95 ! 1 3, 308 1,236 22 i ! 1.81 i 14 i 46 56 62 73 85 1.75 1.75 1.75 1.84 2.50 2.91 2.63 84 1,639 107 93 1 . 666 147 47 1,656 138 47 1,921 145 50 2,241 154 68 2. 797 71 2,923 119 60 2, 712 139 2, 83 1 1,172 2, 703 2. 847 1.149 1,149 2, 975 1,176 2, 947 1,185 2. 846 1.149 2, 915 1, 036 2, 985 987 i 23 1 54 i : i i Crude petroleum i 6C>, 098 Consumption (run lo s t i l l s ) thous of bhl • 75,461 05,504 (.5,998 6h, 093 i 61,042 6S, 822 74, 340 74, 619 67. 984 79, 151 79, 525 75,316 2.831 ! 2,369 Imports _. . . thous of hbl.. 1,758 2. 455 1 , 963 2, 74(5 2,143 3,411 3, 803 2, 910 2, 206 3,673 2, 069 530 ! . 380 . 8(50 . 745 Price, Kansas-Oklahoma dolls, per bbl.. .940 800 . 380 . 380 , . 276 .315 . 460 . 505 . 768 63, 630 5s, 295 M, 998 i 61,029 Production I.. .. _. thous. of bbl. . 76.017 75,302 65. 598 65, 313 84, 747 82, 841 84, 387 85, 239 78, 186 <~1 69 60 63 63 Refinery operations . pel . of capacity . 61 61 60 67 72 ', 73 69 73 Stocks, end of month f California" i 95,322 ; 95,933 llea\\ crude and fuvl oil thou.v ot bbl 92,507 95, 765 95, 590 94, 554 95, 349 95, 322 95, 367 95, 335 95, 273 95. 157 94, 926 40, 264 39, 340 39, 297 Lumt'crude. . thous. of bbl „ 35,568 39, 968 39, 909 39, 516 39, 996 38, 722 37, 537 36, 625 * 35, 197 >» 35, 076 East of California, total J___ thous of bbl 314,491 305, 867 302, 111 294, 172 290, 401 289, 342 295. 349 289, 933 297, 166 I 303, 260 306, 969 ^317,554 b 317. 814 17. Sir, 47, 302 47, 100 38, 922 46, 797 48, 889 48, 997 Refineries V- - -thous. of bbl 54, 458 50. 839 50, 220 48. 304 * 56, 429 56, 452 Tank farms and pipe lines Jthous. of bbl . 258, 357 26K. 9 15 254, 809 216, 3.16 213.304 242, 545 246, 460 240, 936 246, 327 253, 040 258, 665 ^259, 134 «» 259, 426 \\ ells completed *. . . . . . . numbei , 1.070 855 793 639 485 486 ! 472 444 372 827 548 955 643 ! Mexico: ! Exports . thous. of bbl ! 1.27s 1,776 1, 595 : 1,372 1.509! 1,290 j 1,398! 1.940 1,867 2, 215 2, 502 2, 607 947 Production Ihous ot bbl J 2.42s 2. 890 i 2, 547 2,611 2,961 2, 570 2,825 : 3,008 2,886 2,805 I 2,951 2, 893 2, (506 Venezuela Exports. t h o u s of bbl . j 10.096 8.377 », 104 9, 582 8,661 7, 794 9, 624 8, 222 10,076 ! 9,340 9, 636 9, 959 10. 146 9, 699 8, 834 Production . ... thous of bhl \ 10.728 9. 171 N 767 , 9, 309 9,945 1 9,058 9, 133 9, 262 10,052 10,182 10, 309 1 Refined products: J Gas and fuel oils' ; Consumption: a 649 Electric power plants! thous. of bbl. _ ;M2 625 703 580 > 674 * 652 727 898 « 1, 028 731 901 967 2. 926 Railroads _. - .thous. of bbl .J 3, 345 3,019 3.077 2,882 2,699 2,785 2,809 2,948 2,891 2, 953 2,817 Vessels, hunker thous. of bbl .1 2.397 2, 76H 2', 751 2.916 2,702 2,779 2,813 2,826! 2,726 3,179 2, 896 3. 070 » 2, 669 i Price, fuel oil, Oklahoma, 24-26 refineries ! dolls, per bbl . !! . 620 . 563 . 556 . 475 . 425 . 363 .331 ! 325 . 356 , 470 . 415 .444 .563 Production: 18, 57S .Residual fuel oil* 1 thous. of bbl. ; 20, 819 17, 196 18,127 17,156 18,705 19,145 19,246 20, 010 20, 556 21,572 21, 019 20, 143 Gas oil and distillate fuels* f thous. of bbl 7. 157 6, 885 5. 582 5, 980 6. 382 6,451 6,845 5,751 6,108 6,271 7,295 6, 143 6, 375 Stocks: Residual fuel oil, east of California* ^ i thous. of bbL_ 20,315 21, 874 19, 838 23. 494 18,911 18,069 ! 17,714 17, 230 17, 763 17, 374 17, 941 ° 19, 097 18, 824 Gas oil and distillate fuels, total* ! thous. of bbl.,. 20, 454 12, 683 11,549 16, 775 14, 980 11,557 11,390 12,890 14,110 18, 495 20,160 17, 760 i 18, 948 f rasoline: Consumption 1 _.thous. of bbl . 32, 973 29, 895 27, 110 26, 442 23, 312 28, 227 30, 176 33, 999 37, 710 34, 458 37, 426 32, 680 34, 303 2, 251 Exports ..thous. of bbl 2, 356 1,830 1,729 3, 024 2,455 2, 213 1,829 1,955 2, 154 3, 029 1,802 1.550 Exports, value. (See Foreign Trade.) I Price, wholesale: Drums, delivered, N.Y._ .dolls, per gal.. . 177 . 135 . 144 . 153 .151 .143 .135 .135 .145 .149 . 165 .165 .174 Refinery, Oklahoma dolls, per gal... . 051 .046 ; .037 .028 1 .026 .026 .023 . 047 .026 .037 .041 .048 .052 Price, retail, service station, 50 cities 1 ! dolls, per gal,. . 130 . 125 . 116 I .116 .116 . 115 .131 . 130 .108 1 " "i Production: At natural gas plants J_---thous. of hbL-j 2, 981 2, 898 2, 931 2, 543 2,876 2, 966 2,674 2,771 2, 776 2,669 2, 769 2,824 2,791 At refineries 1 -thous. of bbl.. 35, 971 30, 508 27, 676 31, 577 32, 072 31,254 31,921 34, 611 35, 428 33,212 36, 576 36, 524 36, 581 Retail distribution (41 States) t i mills, of gal 768 «689 884 858 801 975 810 969 1,084 1,074 1,004 1,030 Stocks, end of month: At natural gas plants thous. of bbl ^ 539 572 478 449 651 752 814 576 926 873 950 847 661 98 747 At refineries t thous. of bbl _ 28, 572 35, 652 36, 882 35, 881 33, 757 30, 582 30, 142 29, 038 27, 942 28, 406 31, 329 37, 691 Kerosene: Consumption f thous. of bbl _ 3, 621 3, 656 3,274 2,925 3,406 3, 149 3, 115 2, 975 3, 115 3, 005 2, 041 2, 799 3, 375 872 Exports.thous. of bbL. 922 970 630 944 615 691 629 598 349 '846 ' 620 ' 726 Price, 150° water white, refinery, Pa. dolls, per gal.. . 049 .053 .048 .048 .048 .048 ! .048 .047 .044 .044 .045 .044 .048 4 097 Production thous of bbl 4,363 3, 691 2 «77 3,801 4 272 3 993 3, 463 4,046 4, 146 4, 126 4 004 4. 109 Stocks, end of month thous. of bbL~ 4, 672 4, 794 4, 574 7', 987 4*, 974 5,230 5, 465 4^827 5^761 6, 404 7,785 S. 445 &', 343 I Lubricating oil: 1, 115 j 952 1,507 859 1, 101 1,390 1, 143 Consumption t thous. of bbL, 1,143 1,624 1,646 1, 630 1, 535 1,426 \ Price, cylinder oil, refinery, Pa. dolls, per gal._ . 133 . 119 . 190 .131 .133 .116 .108 . 113 . 134 . 149 . 169 . 179 .183 Production thous. of bbl 1,625 2,115 1 , 644 .1,827 1 , 621 1, 713 1,871 2,114 .1.846 1, 794 1 965 j -, '> 019 ' 2 046 Stocks, refinery, end of month 8, 796 8, 245 S. 465 thous. of bbl....| 6,776 8,812 8, 289 8. 7] 2 8, 330 8, 167 7, 734 7,199 7.226 7.007 ' j Other products: ! ; ! Asphalt: 2 Imports _ thous. of short tons 3 1 1 1 3 0 2 ! 1| 1 0 3 0 Production f thous. of short tons 234 182 •! 145 236 102 95 124 152 229 ! 247 j 265 247 218 Stocks, refinery, end of month thous. of short tons! 242 280 j 276 248 272 294 304 306 298 288 278 i 268 253 Coke. (See Coke.) Wax: j Production.... thous. oflb. J 47,320 33,320 j 35,000 31,360 36, 680 28, 000 36, 400 37, 800 40, 600 38, 610 36, 120 40, 320 42, 280 j Stocks, refinery, end of month thous. oflb... 75, 803 188, 637 180, 441 163,628 160, 240 147, 849 136, 785 124,927 124, 770 112, 614 98, 536 85, 924 80, 300 ! " Revised. * New series. For earlier data see p. 20 of the February 1933 issue t For revised figures for year 1932 see p. 43 of the Mav 1933 issue (consumption of fuel oils by electric power plants), and p. 43 of the Mav 1933 issue (retail distribution of uasoline for 1932). Data for coke revised for 1932. Beehive, Jan. '"4; Feb. 72; Mar. 7- t; Apr. 47 May 38; June 35; July 33; Aug. 35; Sept. 39. Byproduct. Jan. 2,097; Feb. ! GO')- Mar. A/Tor- 2,085; 9 n«^« Apr. A nr 1,881; 1 Qft1 • May A/To IT 1,740; 1 7/tH- June Tnmo 1,535; 1 ^1^- July TnliT 1,521; 1 £91 • Aug. An rr 1,472; 1 179- Sept. QnTAt 1,542. 1 »VI9 1,992; 1 Data revised for 1932. For revisions of months January to August, inclusive, see p. 56 of the November 1933 issue. * Statistics here given as of Aug. 31, Sept. 30, and Oct. 31~, are not comparable with these figures for earlier months because of revisions and transfers from one kind of storage to another as a result of the new form of report to the Petroleum Administrative Board. The Bureau of Mines has not found it possible to reconcile these figures and will report the figures henceforth to compare with the August data. The Aug. 31. figures on the old basis are on p. 42 of the November 1933 issue. ' Beginning Aug. 31 figures reported on the new basis caused by transfer of 414,000 barrels from gas oil and fuel oil stocks. SURVEY OF CURRENT BUSINESS 44 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January in the 1932 Annual Supplement to the Survey October October November ber December 1933 1933 Febru- ary March April May June July August September LEATHER AND PRODUCTS HIDES AND SKINS Imports, total hides and skins§.-_thous. of l b _ _ 32, 645 4,192 Calf and kip skins thous. of Ib _ Cattle hides thous. of l b _ . 14, 450 7,901 Goatskins thous. of Ib . 4,086 Sheep and lamb skins _ thous. of l b _ _ Livestock, inspected slaughter: 455 Calves thous. of animals. _ 861 Cattle - --thous. of animals. 3. 058 Hoes thous. of animals 1,668 Sheep -- thous. of animalsPrices, wholesale: Packers, heavy native steers, Chicago dolls, per l b _ . i .103 Calfskins, no. 1 country, Chicago dolls, per Ib.. .158 LEATHER Exports: 113 Sole leather thous. of lb. 5, 263 Upper leather § thous. of sq. ft.. Production: 1, 126 Calf and kip* - -thous. of skins,. 1,535 Cattle hides* thous. of hides.. 4,003 Goat and kid* thous. of skins.. 3,288 Sheep and lamb* thous. of skins _ Prices, wholesale: Sole, oak, scoured backs (Boston) dolls, per lb_. .35 Upper, composite, chrome, calf, black, "B" .344 o-rade dolls, per sq. ft.. 16, 700 2,829 6,871 4,183 1, 464 389 694 ! 3, 605 ' 1,601 21, 777 3,099 6, 636 3,677 5, 585 376 627 i 3, 778 1,388 18, 046 2, 350 4,776 5, 303 3,653 14, 728 2,591 3,288 4,795 2, 127 12,916 1, 987 2,545 4, 266 2,688 14, 256 1,816 3.127 5,454 2, 090 17,516 3,445 4,463 6,222 1,150 29, 292 4,606 10, 432 3,759 5, 909 38, 996 6,353 14, 887 7,184 7,412 50, 103 6,500 24, 836 8,579 7,756 50, 828 5, 492 26, 374 8,733 8,320 36, 354 3, 191 17,488 8,291 5, 083 327 567 4,584 1,264 345 612 4, 700 1,332 317 569 3,647 1,250 398 617 3,602 1,413 426 616 3,847 1,409 476 717 4, 286 1,505 441 751 4, 626 1,490 401 752 3, 914 1,399 416 840 3,477 1, 532 405 821 3, 038 1,609 .055 .054 .048 .052 .062 .098 .122 .137 .150 .132 .082 .068 .061 .066 .061 .066 .076 .121 .153 .174 . 190 . 174 130 5,807 222 5, 748 137 5, 276 134 4,484 86 5, 071 162 6, 005 168 4,541 123 5, 192 88 4,876 175 6,464 167 4,917 124 6,315 1, 126 1,325 2, 651 4,002 946 1,330 2, 835 3,212 894 1,311 . 3,205 1,797 839 1,276 3. 431 1,897 871 1,233 3, 320 2, 163 920 1,303 3,451 2,123 822 1,175 2,770 1,847 1,051 1,406 3, 120 3, 305 1, 384 1,489 3, 925 3, 997 1, 383 1, 413 4, 133 4,228 1. 435 1,559 4, 634 3, 932 1,113 1, 436 3,988 3,236 .073 .065 .29 .28 .26 . 25 23 .252 .250 .242 .235 .233 294. 668 132, 222 162, 446 269, 609 128, 020 141,589 181, 693 70, 608 111,085 142, 476 53, 152 89, 324 152 378 72] 106 80, 272 67 74 70 35 4. .23 .23 .29 .34 .37 .40 .39 . 236 .241 .281 .314 .330 .348 . 349 166, 375 83, 188 83, 187 ] 90, 893 101, 987 88, 906 251, 036 121,494 89, 382 297, 697 150, 455 147, 242 294, 481 142, 508 151,973 316,436 168, 559 147, 877 281,363 141,776 139, 587 71 71 57 63 51 80 64 LEATHER MANUFACTURES Gloves and mittens: Production (cut) total dozen pairs. 282, 249 Dress and street .dozen pairs. 127,317 154, 932 Work -- -dozen pairs Shoes: 58 Exports thous. of pairs.. Prices, wholesale: Men's black calf blucher, 5. 40 Boston dolls, per pair.. Men's black calf oxford, lace, 4.35 St Louis --- -dolls, per pair.. Women's colored calf, Goodyear welt, ox3.85 ford, average dolls, per pair.. 31,398 Production, total . --thous. of pairs8,293 Men's thous. of pairs-1,827 Boys' and youths' thous. of pairs.. Women's thous. of pairs.. 10,917 2,492 Misses' and children's thous. of pairs.. 5,119 Slippers, all types _ - _ thous. of pairs 2, 750 All other footwear thous. of pairs .. 5. 75 5.50 5. 50 5.50 5. 50 5.50 5. 50 5.50 5.50 5. 15 5.35 5.40 3.85 3. 85 3. 85 3. 85 3.85 3.85 3. 85 3.85 3.85 4.08 4.23 4.35 3.35 33, 070 8,044 1, 997 11,213 3, 020 5, 929 2,867 3.35 25, 149 6, 917 1,810 5,470 2,284 6, 405 2, 263 3.30 20, 096 5, 397 1,513 5, 938 1,976 3, 255 2,017 3.25 22, 717 5,763 1,442 9, 283 2,482 1,368 2, 378 3.25 26, 384 6, 092 1, 448 11,360 2, 879 1,852 2,752 3.25 28, 576 6, 837 1, 532 11,608 3,081 2, 399 3,119 3.25 27, 630 6,217 1,607 10, 726 2, 985 2,583 3,512 3.27 32, 965 8,362 1,683 11,950 3,248 3,525 4,197 3.35 34, 861 9,040 1,932 12, 061 3,226 4, 340 4, 262 3.45 3.77 33, 661 a 037, 01 9 8,328 a 9, 138 1,993 2, 103 12, 587 « 14, 521 3,052 0 3,201 4,513 Q 4, 735 3, 276 3, 321 3.85 « 31,234 « 7, 656 1,711 « 012, 098 2, 670 ° 4, 138 2,962 LUMBER AND MANUFACTURES LUMBER Exports all types* M ft.b.m Retail movement: Retail yards, Ninth Fed. Res. Dist.: Sales M ft.b.m-. Stocks end of month M ft.b.m Retail yards, Tenth Fed. Res. Dist.: Sales -M ft.b.m Stocks, end of month M ft.b.m.. Flooring Maple, beech, and birch: Orders: New M ft.b.m _ Unfilled end of month M ft.b.m Production M ft.b.m . Shipments M ft.b.m._ Stocks end of month M ft.b.m _ Oak: Orders: New M ft.b.m. _ Unfilled end of month M ft.b.m Production M ft.b.m_ Shipments M ft.b.m Stocks end of month . . -M ft.b.m _ Hardwoods Hardwoods (Southern and Appalachian districts) : Total: Orders: New mill. ft.b.m Unfilled, end of month mill.ft.b.m.. Production mill, ft.b.m . Shipments mill. ft.b.m Stocks, total, end of month. . .mill. ft. b.m._ Unsold stocks mill. ft.b.m.. 79, 639 62, 637 68, 322 70, 582 49, 626 67, 719 75, 185 89, 304 94, 525 95, 235 78, 192 75, 965 « 6, 322 54, 704 4,808 55,911 1,916 54, 295 1 , 685 54, 292 1,237 54, 949 1,952 56, 253 3,678 57, 227 5,430 58, 122 7,515 60, 199 6, 681 62, 345 6,498 60, 344 6, 868 59, 031 2, 430 28, 428 2,411 28, 683 1,785 28, 324 1,281 28, 105 1,615 27, 371 1, 530 27, 214 1, 662 27,031 2, 026 28, 029 2,506 28, 059 2,534 28, 365 2,326 29, 034 2,124 29, 208 2, 175 28, 156 3,759 5, 755 3, 161 3, 236 18, 610 1, 920 4,793 1,718 2,031 19, 025 1,390 3,968 1,624 1,902 19, 119 1,588 4,269 1,736 1,590 19, 413 1,155 3,432 1, 359 1, 496 19, 261 1, 083 3,206 784 1,318 18, 712 1,501 3,420 736 1,246 18, 483 2, 452 3,899 1,078 2,097 17, 238 3,942 5,141 1,650 2,715 16, 129 5,195 5,535 2,832 4,384 14, 590 3,485 4,994 3,761 4,326 14, 228 2,643 5,388 4,252 3,386 17, 171 2,243 4,622 2,784 2,622 17, 723 8,130 11,456 6,953 8,624 65, 029 10, 371 14, 259 10, 574 10, 657 50,418 4,241 12, 945 8,136 5,918 53, 138 3.238 11,766 5,926 4,327 54, 752 4, 164 11,556 5, 501 4,433 55, 200 9,369 14, 636 5,784 6,074 55, 171 7, 616 15, 095 4, 959 7,573 52, 130 9,654 15, 568 7,553 9,479 50, 190 22, 645 22, 418 12, 464 14, 549 48, 073 13, 499 17, 581 15, 888 17, 723 37, 176 9,445 13, 924 17, 693 13, 676 42, 806 12, 858 14, 567 18, 446 12, 793 60, 946 6, 341 11,377 9,376 9,563 62,415 128 211 143 124 1, 740 1,530 113 256 68 128 2,323 2,066 101 246 68 105 2,260 2, 015 68 252 49 75 2,217 1,965 79 238 60 86 2,166 1,928 90 230 60 86 2,118 1,888 98 226 64 98 2,058 1,832 146 247 71 120 1,982 1,735 0) 233 264 135 229 1,826 1,562 184 240 169 203 1,789 1,548 128 208 165 158 1,789 1,581 128 200 150 131 1,728 1,528 80, 469 7. 555 56, 902 a 0) 0) 0) 0) 0) 0 Revised *New ssries. For earlier data 533 p. 19 of the June 1933 issue (leather), and p. 20 of the November 1932 issue (lumber exports). § Data revised for 1932. For revisions see p. 43 of the June 1933 issue. 1 Data not computed for May 1933. 45 SURVEY OF CURRENT BUSINESS December 1933 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October October Novem- DecemJanuary ber ber 1933 Febru- ary March April May | June July August September LUMBER AND MANUFACTURES—Continued LUM HER— C ontinued Hardwoods— Continued irdwoods (Southern and Appalachian districts)— Continued jrum: Orders, unfilled, end of month mill.ft.b.m.. Stocks, total, end of month ...mill.ft.b.m.. Unsold stocks mill. ft. b m )ak: Orders, unfilled, end of month mill.ft.b.m.. Stocks, total, end of month-. .mill. ft. b . m _ _ Unsold stocks mill.ft.b.m )rthern hardwoods: Production M ft.b.m Shipments M ft.b.m Softwoods r, Douglas: Bxports§ Lumber M ft b m Timber M ft.b.m Orders New! M ft.b.m Unfilled, end of month M ft.b.m.. Price wholesale: No. 1 common dolls, per M ft.b.m Flooring, 1 x 4, "B" and better dolls, per M ft.b.m.. Production^! M ft b m Shipments! M ft .b .m_ _ unlock, northern: Production M ft.b.m •shipments. _ . _ . _M ft.b.m . ne, northern: )rders, new M ft b m •'roduction M ft.b.m Shipments M ft b m ne, southern: Exports: Lumber § M ft.b.m Timber § M ft.b.m Orders: New M ft b m Unfilled, end of month M ft b m Price, flooring dolls, per M ft.b.m... 'roduction M ft.b.m. _ Shipments M ft.b.m dwood, California: Orders: Now . M ft.b.m Unfilled M ft.b.m., 'roduotion M ft.b.m Shipments M ft.b.m. _ 76 364 288 65 481 416 65 460 395 65 451 386 52 440 388 51 425 374 52 411 358 59 392 332 (0 (1) CO 68 356 288 77 427 350 80 453 373 65 350 285 76 557 481 69 624 554 61 608 547 53 600 547 71 614 543 73 594 521 67 584 517 69 563 494 0) 0) (1) 85 538 453 83 545 462 71 554 482 78 549 471 Q 706 13, 997 1 063 8 729 1 396 6 523 4 519 9 351 6 647 8 892 7 432 8 941 4 914 14, 372 3 523 16, 353 5 553 26, 690 7 382 26, 280 11 376 21,814 9, 574 14, 290 25 361 14 854 24 809 23 647 19 085 22 178 23 326 24 588 95 720 17 790 15 379 17' 865 24 878 34' 425 31 771 28 132 35 795 24 478 39 447 15 681 32 968 23' 308 24 933 16 408 27, 515 16, 043 118 179 116, 388 112 360 76, 100 94 901 81,920 106 093 85, 053 105 645 120, 865 97 140 109, 674 141 457 107, 883 134 294 120, 417 229 196 195, 175 247 549 203, 680 154 439 218, 900 122 656 105, 645 131, 161 18 39 8 93 10 67 11 02 11 34 13 36 16 20 16 99 16.91 33.85 132 056 119,522 21.22 113 255 128, 923 32.42 24.59 127 428 149, 962 175 030 197, 860 30.81 196 070 184, 879 32.62 1SS 460 33. 79 136 980 181,431 141,904 2, 354 10 285 13 039 a 112,807 8 93 8 97 20. 80 94 454 105, 645 20.68 81 920 82,815 20.61 93 558 96, 244 21.58 97 587 104, 302 21. 30 105 645 119,970 21.34 115 046 140, 114 3, 340 « 8, 335 1, 598 4,314 1,458 1,843 2 088 2 868 2 305 3, 109 2 443 5, 176 1,747 7, 555 11,440 4, 161 14, 447 2 770 14, 646 2, 731 13, 526 2, 355 9, 690 10 253 8 664 12 770 8 792 3 336 9 783 6 139 1 296 6 998 4 643 4 218 4 954 5 050 4 126 4 379 4 966 9 352 1 246 8 317 13 Oil 7, 035 11 984 14 548 14 942 15 069 13 5^9 15 335 14 733 9 323 16 270 12 829 11,842 5 403 21 677 5 632 24 781 6 902 20 109 2,278 24 454 6, 787 20 876 5 254 18 232 5 024 17 300 7 684 21 427 4,831 24 979 7, 582 21 188 4, 560 29 532 9,015 23, 843 24, 686 5,915 91 298 55 073 37. 93 103, 751 90 329 144 316 74 958 17.75 113,467 154 329 90 589 50 184 18. 33 99, 470 107 000 . 67 5?9 44 014 17.37 75, 161 73 690 95 685 57 377 17.80 85, 494 84 271 75 575 55 419 17.06 77, 798 81 071 113 044 63 838 17.44 87, 401 100 714 119 854 67*414 17.55 88, 752 110 019 179 843 92 049 18. 56 158 833 88 255 22. 70 120, 613 159, 210 120 352 81 031 28. 57 125, 935 131, 646 117 535 70, 745 31. 85 132, 539 128, 700 15,415 22, 798 11, 101 15,636 1 2, 708 21,886 12. 253 13,451 13, 630 24, 460 12 (503 10.989 12, 151 18, 824 14 319 13,581 11,973 18, 302 14 603 12, 269 13 744 17, 493 12 147 14, 207 17,965 19,113 9, 804 15, 731 30,117 7, 490 18, 249 37, 572 39, 309 7,013 27, 838 30, 646 37, 706 9, 497 31,843 24,017 30,511 15,390 30,818 24, 758 44.0 43. 0 39. 0 33.0 27.0 18. 0 27.0 37. 0 42.0 52.0 46.0 55.0 9 0 11 13 0 8 18 0 5 7 0 7 0 13 0 7 0 8 0 3 5 11 30 15 3.0 13 5 0 12 11 17 18 IS 20 19.0 19 10.0 5 19 14.0 6 18 24.0 6 18 25.0 6 21 34.0 10 30. 0 13 26 42. 0 13 2, 350 17, 775 a 0 8 58 0 9 50 0 0 115,783 154, 498 29, 834 8,353 16, 139 12 995 98 426 59, 976 35. 30 113,504 107, 226 22, 340 27,711 17,963 FURNITURE msehold: Vll districts: Plant operations * percent of normal.. Irand Rapids district: Orders: Canceled Dercent of new orders New no. of days' production-Unfilled, end of month no. of days' production Outstanding accounts, end of month no. of days' sales.. Plant operations t percent of normal- . Shipments ._no. of days' production., •southeastern district: Orders, unfilled, end of month dolls., average per firm.. Shipments dolls , average per firm J rices, wholesale: Beds . 1926-100 Dining-room chairs, set of 6 1926 = 100.. Kitchen cabinets 1926 = 100 Living-room davenports 1926 = 100. _ )el furniture. (See Iron and Steel Section.) 14 0 8 9 6 6 8 f> 12 9 25 42.0 13 27 34.0 12 25 33. 0 9 25 33.0 6 24 22, 407 43 665 11,042 32 549 9,290 16 277 20, 448 25 ^75 15,286 33 660 14, 298 30 388 17,259 35 962 38, 608 42 895 51, 109 44 313 96, 953 58 191 79, 831 95, 772 64.4 89.5 91 4 69.8 63.9 89.5 91 4 69.8 63.9 89.5 91.4 69. 8 62. 1 89.5 87 5 73.6 62. 1 89. 5 87 5 73. 6 62. 1 89.5 74 1 73.6 62.1 89.5 74. 1 73.6 62. 1 89.5 74. 1 73.6 63.6 89. 5 74. 1 76.7 66.1 89.5 74. 1 76.7 73.2 91.0 85.6 76.7 76.1 91. 0 87.5 76.7 119,374 46, 839 108, 823 55, 706 30. 04 31.30 105 100 76. 1 91.0 87 5 81.7 6 6 METALS AND MANUFACTURES IRON AND STEEL Foreign trade, iron and steel: Exports § long tons 54, 139 56, 023 56, 720 63, 936 80, 567 100, 395 123, 169 102, 581 88,311 164, 755 41, 226 Imports * . long tons 34, 924 29, 390 21, 892 19, 748 22, 114 28, 061 26, 295 34, 368 52, 805 46, 673 33, 706 Price, iron and steel composite dolls, per long ton 29.32 29. 12 28.93 28.45 28.35 28. 73 29.81 31.59 28.69 28.31 28. 16 .Sales, iron, steel, and heavy hardware January 1921 = 100.. 65 54 59 86 76 57 55 80 107 95 96 1 Data for October, December 1932, March, June, and August 1933 are for 5 weeks; other months, 4 weeks. *a New series. Earlier data on furniture activity, all districts, not published. For imports of iron and steel see p. 20 of the November 1932 issue. Revised. § Data revised for 1932. For revisions see pp. 44 and 45 (lumber) and p. 45 (iron and steel) of the June 1933 issue, t1 Revised. Earlier data not published. Data not computed for May 1933. 46 SURVEY OF CURRENT BUSINESS 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January Februin the 1932 Annual Supplement to the Survey October October November ber ary December 1938 1933 March April May June •1 uly August September METALS AND MANUFACTURES—-Continued IRON AND STEEL- Continued Ore Iron ore: Consumption by furnaces 735 1 , 898 (534 69<i 030 061 593 772 thous. of long tons-1,266 1 , 894 2, 626 2, 012 2, 1U2' I^ ~ (S 151 16 40 45 15 1 3fi Tmporls..-- ... _. thous. of long tons 81 21 39 159 Receipts: Lake Erie ports and furnaces () 3. 421 299 0 0 0 (514 thous. of long tons 2, 483 448 9 3, 930 887 4, 205 (t 57 1, 120 220 0 0 Other ports „ . thous. of long tons .... 515 353 ' 0 28 343 1, 132 J.20G I) 927 250 0 (I 4, 543 Shipments from mines, .thous. of long ions 1,281 0 3, 431 5.504 83 5, 101 HOI Stocks, total, end of month 29, 557 30,812 thous. of long tons... 36. 34,5 32, 457 32, 084 3 1 , 490 30, 152 28, 314 27, 772 28, 848 27, 479 30, 156 33, 449 25, 680 20, 328 At furnaces thous. of long tons. . 31,044 27, 234 26, 893 25. 047 24, 486 22, 980 23, 879 23, 407 22, 690 25,260 28.415 5. 223 5,301 5, 191 5, 132 5. 162 Lake Erie docks thous. of long tons... 5. 105 4, 792 4, 969 5,071 4, 907 4, 789 4, 896 5, 034 Manganese ore, imports (manganese content) ^ 1 (1 6 (! i .) 1 0 4 thous. of long tons. 2 0 3 4 | 23 Iron, Crude, and Semimanufactures Castings, malleable:* i 1 '>"•-> 19,933 ')*> "* i i 14,304 1 2, 850 12. 645 Orders, new short tons 14. 504 12, 508 24, 071 18, 449 28, 458 31, 997 28, 323 4) •>7 f|7C 12, 274 4 381 1 3, 622 1 2, 63s Production short tons 1 8 5(56 24, 628 14, 128 9. 959 30, 865 13, 780 31, 118 31 811 -<i , U/8 14. 5 16.0 Percent of capacity , _ _ 28. 4 U. 9 21.8 36. 3 10.2 "ll.4 35.8 29. 0 36.6 31.6 12,745 20, 422 14,315 Shipments short tons 11.615 14,366 29, 1 55 14.215 1 ! . 077 17. 261 23, 077 29. 208 30, 195 25, 402 "Pig iron: Furnaces in blast, end of month: Capacity - .long tons per day... 39. 585 20, 1 70 20. 860 18.820 61,435 15,810 1 5, 580 22. 805 33. 160 18,910 5(5. 070 51,675 48, 2J.3 J8 49 51 45 Number 42 38 63 1 06 48 45 90 98 Prices, wholesale: 1 7. 00 13. 50 13. 56 Basic (valley furnace) -dolls, per long ton.. 13.50 13. 50 13.50 15. 50 14.20 13. 50 13. 50 1 5. 00 16.20 17.00 17.84 14. 73 Composite pig iron dolls, per long ton.... 14.71 1 6. 70 1 4. 68 ! 4. 75 14.69 14.68 1 6. 02 15.45 14.68 17. 16 17, 87 Foundry, no. 2, northern (Pitts.) 16.39 19. 39 16.39 dolls, per long ton. 17.89 16.39 Hi. 39 1 6. 39 16.59 16.39 Hi. 39 1 7. 39 18. 59 19. 39 --< 1 , 356 Production thous. of long tons 045 569 ! , 205 631 546 (524 887 i, 792 542 i. 833 i 5^'' Iron, Manufactured Products Cast iron boilers and radiators: Boilers, gas-fired: Production thous. of B.t.u 87. 771 S3, 731 44 681 43, 857 04, 989 20, 837 44, 308 70, 265 52, 737 9, 207 48, 454 84, 667 Shipments, quantity thous. of B.t.u.. 58, 080 94,718 70, 787 42', 662 29', 004 22^918 88', 444 00| 757 61 [446 42! 911 42, 1 69 95! 765 Shipments, value._ _ ..dollars.... 97, 193 52, 446 58, 252 20, 025 53, 934 56, 558 41.382 38, 243 25, 979 49,170 26, 543 90, 560 Stocks, end of mont h l hous. of B .t ,u . 531.238 563. 333 521,374 528, 238 559. 851 554,391 583, 037 549, 059 518, 384 495, 150 486, 438 473. 500 Boilers, range: Orders: New number of boilers . .. 28, 573 51,073 35, 551 27, 564 44, 961 35, 774 39, 436 92, 998 66, 977 36. 586 57, 549 33, 443 29,801 Unfilled, end of month, total number of boilers. _ 8, 320 G, 333 24, 734 0,947 (5.016 8,872 24, 948 35, 974 34, 337 S, 073 4, 967 17, J58 6, 247 Delivery, 30 days or less number of boilers. _ 5,0(51 4. 591 21, 280 6,917 7, 397 21,863 34, 335 31,206 5, 639 3, 289 4. 146 3, 586 15, 468 Delivery, more than 30 days number of boilers... 1,742 3,454 1,880 3, 131 1,403 2, 434 2, 430 i, 475 3, 085 1,690 2, 101 1,678 1, 639 Production number of boilers-. 41, 138 48,912 36, 923 29, 375 39,991 27, 042 38, 499 35, 278 64, 457 68, 284 48. 762 60, 398 51, 463 45. 175 Shipments .. number of boilers.... 38, 784 49, 653 37, 538 27, 582 37,831 57, 374 35. 531 68, 575 65, 896 37, 866 50, 622 29. 570 Stocks, end of month number of boilers... 33, 666 23,618 23, 003 '26, 195 28, 355 25, 827 25, 843 25, 590 24,151 23, 860 27, 447 30, 471 31, 312 Boilers, round: 4, 168 5, 820 3, 639 Production - ..thous. of 11). . 6, 220 3, 242 5,408 2, 393 1 . 823 2. 035 3, 870 5. 076 1,811 2, 279 9, 374 3, 954 Shipments thous. of Ib 4, 704 8, 896 1, 792 4, 159 2, 403 4, 357 6, 137 2, 102 3. 552 2, 133 1 , 772 Stocks, end of month.. thous. of Ib. . . 25, 329 29,617 . 28. 734 2(>i 863 24^517 2sV 063 28, 335 26, 124 24, 927 29, 394 i 28, 548 24', 235 24! 736 l Boilers, square: Production . - . . - - t h o u s . of Ib-.. 1 1 . 336 16, 824 14, 848 11, 003 6, 144 12, 140 13.539 15,240 ! 15,248 4.91S 6,211 9, 613 7. 602 24 841 12, 124 Shipments thous of Ib 25 845 i 13 335 4, 465 6, 412 14, 685 ' 20, 501) 10, 828 6. 410 4. 860 1 0. 434 Stocks, end of month, . thous. of lb.... 104, 835 109, 730 107, 572 H)M4S 99, 032 lOo! 585 lOo! 409 lOs! 457 111! 099 116^938 122, 118 121,451 117^419 Boiler fittings, cast iron: 4, 417 6,025 4. ISii Production - . short Ions.-1, 991 2, 787 4, 706 3, 187 1 1 5"7 2,919 1. 401 ] , 592 1. 717 1, 514 4 r^r, 6. 072 4, 965 3,019 Shipments short tons 5, 640 3, 954 2', 322 2, 3 1 9 5, 464 4, 191 2, 165 2, 161 2, 228 Boiler fittings, malleable: J Q9^ •> )2S ' 2 839 4, 107 Production short ^ons 1 804 4, 436 3, 147 2, 140 1 , 284 995 3, 607 1 088 1, 100 2, 206 4, 499 1.701 Shipments short tons.. 2, 027 2^827 3^870 2! 007 1 375 3^765 1 115 1 433 li 586 1 ', 302 ; Radiators: 1 3, 368 ' 3, 273 Production-thous. o f s q . ft, heating surface 5, 355 .' 4, 326 4, 472 1 4, 299 3, 754 3, 002 4, 138 3, 23 (i 2, 547 2. 992 I 2,231 i : 6, 076 3, 727 Shipments- -thous. of sq. ft. heating surface7, 630 1 4.354 5, 173 2, 133 3, 346 4,816 3, 474 1, 605 2,001 1 , 634 1 1.542 i Stocks, end of month 1 thous. of sq. ft. heating surface . 32, 926 28, 363 27, 967 35, 626 ' 35. 346 ' 36,317 | 33,512 35. 614 27, 838 31,992 28, 250 ; 29, 646 ' 30,417 Radiators, convection type: * New orders: Heating elements only, without cabinets or 55 , 68 95 64 r,x grilles -thous. of sq. ft. heating surfaced . 137 87 48 54 35 35 70 33 Heating elements, including cabinets and 172 grilles.-trious. of sq. ft. heating surfaced 18(1 173 173 Uv! 155 241 98 ! 60 123 142 86 00 Sanitary Ware Batlnoom accessories t 31s- 4H 295, 7 A IS, 79 IbV'l 1 42 9 "» 121.070 FY( auction. number of pi"' js 227, 3t>:; J 4 * 4 7 7 142 U, 4 '81 8 , > l~o, 775 235 443 2t.3, 940 9 > 4 31 ) 157 ] )_' s t u 165, ?;X 143 Q"l 121', (>"() l t > 3 , 220 144 012 191 s" 183 uO 229, 858 ^7' ( O i 231,814 Mnpments number of pit us 317 3 r >7, 106 ".2(», s40 521 >37 535,7^8 5)1, 9H> 521 h2S 389 392 391,819 Mot ks. rend of month nun bei of pu ceb 82 85-s ( 37^,683 381,068 371 M)7 306,1*50 Plumhm brass (see NonVrrous metals j Plumbing ind heating equipment, \ \ h o h s le 19 2S 211 90 prue (8 piues;* (.oil as 20j 78 215.02 !'»_> 43 182 s() 183 93 | 197 -)0 203 50 192 « > 3 ' iH> n) 182 00 182 03 l Poicel un enimeled flat\\ tie Ordtrs, new, total dollars 1 (>()<), 4 r>h 400 »>M , 3s r ,71S i 362 '71 2 3 6 , 2 3 4 278, 3( 1 344, 7' 3 475, 3 >0 4u; 892 653, 402 0'<2 240 672, 071 638. 23(« Slims doll irs 204 384 157, ( 7s 172 9-13 I 21<> H I 233, 255 S7, 1 is 102,219 i44 615 ! 195, 35s 217, M 3 210, 22-s 230. 173 2..) 017 48, f s5 166, 039 77, hSl Q i , 8 6 1 191 979 ! 17b, 416 218 010 82,274 323 IS 4 Table tops. doll^4(,475 59, 574 | 75, 177 121,182 ( i s , 572 4 0 1 , 0 ' 7 104 273 3S9, 683 219, sI7 271,691 1 324 114 ^88, 115 i 504,576 5% 300 643,164 69\ -152 Mnpments. tot i' doll »rs 620, 870 s 251,120 1 4( , v 12 1,2 4 ( 7 232, hi 1 101 14s 113 582 1 126, f 71 U8, 793 2K) 901 209 375 194, 7( o 2,9 526 203.417 v.un>doll n « Table tops doll 11 s 97 210 121, 222 M, 551 i 55 899 4s 202 182,01,'' 50, 42-t 72, 98 3 104,820 100, 9 4b i 116, 67b 1*3 605 > 241 58* H Imports from Cuba not included. * Newr series. For earlier data, see p. 20 of the April 1933 issue (castings) and p. 20 of the January 1933 issue (price series). Earlier figures on convection t > p e radiators not published. # In equivalent direct radiation. f Revised series. For earlier data, see p. 20 of the October, 1933 issue. 16^ SURVEY OF CURRENT BUSINESS December 1933 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January Febrr> in the 1932 Annual Supplement to the Survey October October November ber ary 47 1933 March April [ May June July 1 Senlem! August l '|>ej. METALS AND MANUFACTURES—Continued ! ' | IRON AND STEEL— Continued ' i Sanitary Ware— Continued i | Porcelain plumbing fixtures: ' Orders: 4,240 5, 452 2, 242 3, 246 New, net number of pieces 2 788 1,708 1,404 1,698 3,245 2 547 3, 041 2. 104 1,643 7,214 5, 481 Unfilled, end of month. number of pieces,. 3,124 4,362 6,201 4, 537 3, 747 3, 405 2, 991 2,776 3, 430 2, 884 2,888 3,211 3, 552 Shipments number of pieces-2, 197 3, 135 2, 900 2,799 1,833 1,936 1,885 2,933 1,399 2, 381 1,442 9,716 Stocks, end of month number of pieces. . 9,402 9, 509 14, 580 13, 838 13,343 11,490 11,339 13, 053 11,345 11, 184 10, 635 11,811 Vitreous-china plumbing fixtures: Orders: New, net number of pieces 46 981 86 721 65 426 56, 687 80, 283 77, 531 118,697 245, 024 296, 264 207, 230 133, 608 180, 379 «103, 475 Unfilled, end of month .number of pieces-. 120, 597 87, 601 83, 826 85, 480 79, 903 76, 802 99, 332 198, 787 307. 118 319, 503 241,362 231,818 173, 019 Shipments number of pieces. . 99, 403 91,061 66, 437 57, 594 89, 395 80, 632 96, 167 145, 569 187, 933 194, 845 211,749 189, 923 0162.274 Stocks, end of month number of pieces.. 414, 182 486, 470 496, 039 518,245 506,126 472, 472 443, 858 391, 369 340, 218 315, 371 311, 183 325, 530 34K, 233 i Steel: Crude and Semimanufactured I 35, -jus Bars, steel, cold finished, shipments-short tons.. 27, 877 11,934 12,759 14,196 8, 726 16,624 23, 132 32,774 36, 538 46, 312 12, 209 13,253 Castings, steel: 2S. 962 22, 714 32, 026 Orders, new, total . . _. short tons- _ 23, 608 14,507 29, 505 11,896 13,235 20, 782 13, 283 12, 942 11,857 11, 458 6, 240 7, 976 6,828 7,562 Railroad specialties short tons.. 2,784 2,918 1, 692 3, 642 6,518 2, 998 2, 680 2, 489 3. 088 16 20 22 Percent of capacity. ... _. 8 9 20 14 16 9 8 10 9 8 25, 532 Production, total short tons-- 25, 459 12, 531 12,071 19, 072 27, 300 29, 240 31, 157 13, 712 13, 886 13,951 13. 209 12, 438 5, 025 6, 767 Railroad specialties. .. short tons4,167 6. 304 3,285 5, 978 2,617 3,672 2. 806 2,721 3. 470 2, 753 2, 259 9 9 21 17 Percent of capacity 19 8 20 9 17 10 13 9 10 Ingots, steel: § 2,311 Production thous. of long tons 2 112 1 087 1 032 861 <no 1, 363 2. 002 2, 598 3, 204 2, 901 1,087 1.030 41 49 46 Percent of capacity 34 59 16 25 19 18 37 15 .18 21 Prices, wholesale. 0220 . 0217 .0209 Composite, finished steel ..dolls, per lb._ . 0208 .0217 . 0216 .0214 . 0226 .0215 . 0210 . 0210 . 0206 .0212 Steel billets, bessemer (Pittsburgh) 26. 00 26. 00 dolls, per long ton_. 26.00 26. 00 26. 00 26. 00 "26. 00 26. 00 26. 00 26. 00 26. 00 26.00 26. 00 Structural-steel beams (Pittsburgh) . 0161 .0160 .0160 . 0160 dolls, per lb._ . 0160 . 0160 . 0160 . 0160 . 0160 .0170 . 0160 . 0160 . 0160 9. 84 10.45 10. 41 Steel scrap (Chicago)___dolls. per gross ton.. 8.45 8.91 6. 00 6.00 5.25 5. 25 9.33 5. 93 5. 25 5. 25 U.S. Steel Corporation: d d 11,817 4,882 learnings, net thous. of dolls. '3 795 3, 828 Shipnients, finished products* long tons.. 572, 897 310, 007 275, 594 227, 576 285,138 275, 929 256, 793 335, 321 455, 302 603, 937 701,322 668, 155 575, 161 Steel: Manufactured Products Barrels, steel: Orders, unfilled, end of month ..number.. 492, 072 475, 318 387, 050 330, 359 275, 354 453, 083 510, 737 526, 491 614, 214 641,441 647, 924 534, 549 539, 846 Production number 798 981 422 637 373 190 300, 570 292, 201 269, 755 373, 340 401,086 465, 418 572, 851 555, 404 480, 670 519, 191 38.3 35.5 42.0 41.0 29.2 Percent of capacity 27.2 33.9 30 2 58 9 26 7 21.0 19.7 21.6 Shipments number 789 474 417 470 376 647 307, 372 292, 609 272, 432 371,945 402, 506 467, 695 568, 437 552, 923 470, 632 524, 719 33, 178 38, 706 Stocks, end of month _ _ _ number.. 42 685 37 500 34 043 27, 160 26, 752 24, 075 25, 470 24, 050 21,773 26, 187 28, 668 Boilers, steel, new orders: 428 994 932 550 611 Area thous of sq. ft 225 396 245 440 156 218 128 316 447 511 Quantity number of boilers 498 511 328 235 193 398 215 301 176 197 379 Furniture, steel: Business group: Orders: 869 837 607 686 New „ thous. of dolls. . 544 447 419 800 552 577 589 449 577 684 819 541 456 Unfilled, end of month, .thous. of dolls.. 374 406 442 521 794 551 505 577 582 734 693 523 636 Shipments-,-. thous. of dolls. . 512 482 405 464 825 582 583 622 611 Shelving: Orders: 142 194 178 180 172 New thous. of dolls. 159 142 185 1°>9 153 106 117 144 222 200 182 206 168 173 Unfilled, end of month.. thous. of dolls.. 143 239 142 139 127 194 181 179 164 166 156 Shipments .thous. of dolls -~ .134 167 138 104 125 135 121 146 142 Safes: Orders: 93 120 118 129 New thous. of dolls 84 100 117 102 112 84 98 98 94 192 225 203 213 Unfilled, end of month _ _ thous. of dolls. _ 190 180 209 198 158 171 169 191 ' 200 107 126 105 Shipments thous. of dolls. . 119 89 117 106 82 86 132 116 107 108 122 152 168 156 Lock washers, shipments thous. of dolls. . 114 90 59 72 82 118 66 65 52 Plate, fabricated steel, new orders, total « 16,025 16,320 short tons.- 17, 839 9, 502 16,243 37, 020 20. 058 8, 903 1 ! , 128 16, 588 7, 873 9, 510 16,737 " 1,033 2,581 6,013 Oil storage tanks short tons 2, 858 20, 894 2,983 1,270 1, 501 8, 347 3, 154 1 I'M 1 446 5 941 Sheets, black, blue, galvanized, and full finished: Orders: New short tons 79 14 J 76, 962 75,615 80, 550 83, 295 118,594 144, 192 246, 737 174,191 158, 830 145, 320 94 656 ! fj^ 274 194, 223 Unfilled, end of month ..short tons.. 102. 262 84, 390 77, 509 83, 760 91,993 111,311 136, 592 229, 436 228, 696 212, 879 77, 339 90, 707 180,304 Production, total short tons 146 106 1 08 111 77, 489 85, 337 91,723 64, 724 111,942 139, 696 166, 272 188, 143 203, 893 90 679 55. 5 62. 8 51.2 58.0 Percent of capacity 34. 5 43.1 9K 7 19.6 27.8 22.7 25. 9 450 Shipments _ ... short tons 67,412 79, 234 72 772 74, 880 100, 353 119,159 152, 953 174, 145 174, 480 163, 634 174 829 76 866 92 424 115, 183 Stocks, end of month, total..-.. .short tons.. 105, 331 105, 833 103, 321 94,658 94, 783 1()6! 688 95, 606 91,859 98,991 104, 355 104,815 115,876 53,617 R«> 3^3 I nsold stocks short tons 57,413 i 54,831 57, 296 52, 199 47, 815 51, 295 50, 067 42, 095 51,293 Tin and terne plate: * 195 200 188 194 £5 145 Production . thous. of long tons.. 94 82 88 ! 80 i 188 82 88 3, 845 3, 425 1 7f<.^ 2, 982 Track work, production . ,. _... „ short tons. 2,471 i , 662 '1 , 768 1 , 822 ! 2,013 3 006 1,845 ! 1 , 984 1 *M •") ; I MACHINERY AND APPARATUS i i Air-conditioning equipment: ! 913 873 794 802 112 580 350 554 411 345 830 Orders, new, total thous. of dolls.. i 670 739 94 82 144 124 80 106 60 41 62 Air-washer group thous. of dolls.. ; '64 93 72 48 431 491 437 483 308 235 187 209 Fan group thous. of dolls... 186 1-573 230 287 i 360 399 287 213 195 97 103 367 141 U nit-heater group thous. of dolls. . 393 118 231 i 331 311 Electric overhead cranes: ; Orders: 43 77 159 81 33 39 39 21 12 ; 13 New thous. of dolls.. _ ! 43 36 31 319 303 349 265 228 228 196 189 ! Unfilled, end of month thous. of dolls... ! 177 220 195 209 222 66 93 75 44 33 32 7 44 9 Shipments thous. of dolls.., | 29 151 43 42 Electrical equipment. (See N onferrous metals.) Exports, machinery. (See Foreign Trade.) Foundry equipment: Orders: 56. 3 34.9 48.8 45. 5 J9.4 25.6 9.8 1 6. 1 68. 4 18. 6 42 6 New . . . 1922-24=100 1 '1 1 8 23 2 35.3 32.0 35.8 24.8 16.8 50.4 14.7 60. 0 08. 5 1 13'. 3 22.4 Unfilled, end of month 1922-24 = 100. _ 31.7 24.4 49.7 31.7 38. 3 37.4 55.1 24.5 19.7 14.0 42.1 14.5 i 17.fi 24. 7 23.2 ! Shimnents ...1922-24=100.. I §d Series revised for 1932. For revisions, see p. 46 of the July 1933 issue. Deficit for quarter. . f. ..... v * New series. For earlier data on tin and terne plate, see p. 20 of the December 1932 issue. Earlier data on U.S. Steel shipments will be shown in a subsequent issue. « Revised. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 48 SURVEY OF CURRENT BUSINESS 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Novem- Decem- January in the 1932 Annual Supplement to the Survey October October ber ber December 1933 1933 ™™~ March April May June August September July METALS AND MANUFACTURES—Continued MACHINERY AND APPARATUS— Con. Fuel equipment: Oil burners: Orders: New . .no. of burners. 9,156 Unfilled, end of month.. .no. of burners. . 2,119 Shipments no of burners 10 103 Stocks, end of month no. of burners.. 8,408 Pulverized fuel equipment: Orders, new, central system: Furnaces and kilns. . .no. of pulverizers.. 0 Water-tube boilers no. of pulverizers. _ 0 Orders, new, unit system: 3 Fire-tube boilers no of pulverizers 1 Furnaces and kilns.. .no. of pulverizers _. Water-tube boilers... no. of pulverizers. _ 7 Stokers, mechanical, new orders: Class 1, residential * number.. 1,891 Class 2, apartment and small commercial * _. . number . 203 Class 3, general commercial and small commercial heaters * . - .number 207 Class 4, large commercial: * 159 Number 25, 064 TTorsepower Machine tools: Orders: New 1922-24=100 67 Unfilled, end of month 1922-24=100.. 105 Shipments . 1 922-24== 100 52 Pumps: Domestic, water, shipments: Pitcher, hand, and windmill units. . 24, 468 Power, horizontal tvpe units 504 Measuring and dispensing, shipments: Gasoline: Hand operated ... ..units _ 379 Power units 1,751 Oil, grease, and other: Hand operated units 7 889 Power units 916 Steam power, and centrifugal: Orders: New thous. of dolls 638 Unfilled, end of month. _ thous. of dolls -. 1,798 Shipments thous of dolls 608 Water-softening apparatus shipments...units. _ 227 Water systems shipments units. . 4,378 Woodworking machinery: Orders: 8 Canceled thous. of dolls New thous. of dolls -. 240 Unfilled, end of month thous. of dolls .. 262 Shipments: Quantitv . . . . . . . , . ..machines. 202 Value thous of dolls 12, 036 939 12, 168 6,772 3, 920 464 4, 395 6, 935 3, 371 779 3,074 7,812 1,694 646 1,827 7, 813 0 0 0 0 0 0 0 0 0 0 10 0 0 0 0 0 1 0 10 1,299 709 521 251 167 89 55 24 102 50 64 33 117 20, 819 91 13, 283 98 18,375 63 12, 248 11, 113 27 41 45 32 42 29 36 45 32 32 49 26 14, 247 334 12,415 321 12,772 256 17,819 258 18, 303 269 1,813 4, 692 1,681 4,442 1,080 2,941 1,144 2,974 25, 1059 97 30, 031 493 20, 408 355 14, 754 401 14, 918 387 1,310 399 3, 999 368 1,193 378 185 3,188 359 1,051 494 182 2, 258 277 1.012 310 208 3, 533 5 117 1 95 11 167 171 0 5 161 221 124 113 97 179 187 201 ] 93 134 164 159 175 100 104 111 63 98 1 1, 553 10,481 9. 546 10. 777 . 2290 .0315 . 2290 . 0400 . 2290 . 0400 . 2290 . 0400 1 573 381 1, 193 1 265 321 945 1, 149 326 824 8. 318 6, 636 6, 609 .0573 5, 839 4, 944 4, 944 . 0513 20, 755 2, 615 2, 878 615 2, 574 7, 162 2,755 7, 526 3, 562 675 3, 413 7,815 4, 694 1,480 3 889 7,632 6,212 1,487 6, 205 7,487 10,314 3, 100 ! 8, 701 I 7,486 : 11,359 3,066 11 3Q3 8.235 0 0 0 0 0 0 0 0 0 0 0 4 | 0 0 1 3 5 0 1 2 3 1 1 1 3 4 5 11 0 2 9 3 ! 3 I 11 | 2 2 23 307 252 218 357 488 668 1. 199 o 2,102 18 8 19 18 83 98 « 188 15 42 49 81 136 142 84 16,550 57 13, 599 93 23,212 187 32, 723 170 41,249 15 13 35 27 28 22 16 27 20 28 33 23 40 40 31 54 59 36 19, 073 303 22, 778 350 30, 755 496 39, 291 578 965 1,418 3,221 4,048 1,745 4,925 2,450 6, 089 15,651 20, 958 576 424 404 1, 103 318 190 2, 908 1,066 434 171 2, 778 1, 956 311 2,019 7,534 0 29 526 2,844 213 i 40 644 173 28 74° ; 56 86 43 44, 036 524 42,713 ! f09 ! 34,051 3°6 2, 038 6,940 1,464 6,733 1,190 5. 197 851 3 683 32, 849 497 25, 096 429 20, 702 646 15, 621 774 10 588 i 005 466 1,093 435 167 3,706 511 1,126 474 215 5, 605 736 1,261 597 232 6,358 732 1 475 517 197 7, 560 786 1,616 649 • « 232 7, 563 771 1,775 609 » 329 6, 084 2 138 205 3 272 290 8 389 341 5 370 369 1 , 333 316 ' 6 309 306 81 82 132 149 191 275 316 228 32l> 210 i 337 ! 238 337 11,176 10.974 4,807 18, 345 12, 944 12, 732 8,304 .2290 . 0400 . 2290 .0400 .2290 .0416 .2290 .0548 .2290 . 0675 . 2290 . 0663 . 2290 .0738 1,346 1,178 1 135 260 193 918 942 1,544 274 1,270 2,111 325 1.786 2 328 450 1,878 2 485 544 1,941 2 754 691 '• 1.074 2,060 ' 1,804 9, 826 10,301 9, 604 . 0481 1 2, 567 8, 768 8, 187 12,515 . 0478 .0478 12, 139 8, 563 8, 548 .0501 10, 644 7,214 5, 423 . 0540 10, 976 11, 120 9,889 . 0670 12,575 12,305 10, 445 .0777 12, 592 14. 644 14, 64*? . 0864 12,955 i 14.335 ! 14,319 .0877 ! 12 1^7 17,403 17,343 .0875 21 245 l] 990 25, 465 2, 298 22, 580 1.887 22, 299 1,915 24, 037 17, 835 2,552 17, 673 2,772 17,502 3, 807 17, 877 2,908 21,958 26,369 4, 093 5, 333 1,220 . 0305 21, 092 31, 045 171,445 1,113 . 0305 24, 465 23, 065 175, 532 480 . 0300 21, 173 24, 089 176,157 200 2, 531 66 .0315 24, 684 183 .0326 23, 385 25, 378 196, 827 20 . 0365 19, 405 28, 197 197, 109 518 .0417 21,783 34, 825 193, 005 58 .0445 18, 526 45, 177 171,275 674 1,400 3,130 3,063 .2392 1, 300 3,240 2,582 .2332 1,300 2,645 3,786 .2269 1,360 3, 725 2, 802 47, 048 4,291 47, 471 3,441 45, 796 4,496 290 57 74 39 NONFERROIIS METALS AND PRODUCTS Metals Aluminum: Imports, bauxite .. . _ . long tons. 21, 636 Wholesale prices: No. 1, virgin, 98-99, N.Y dolls, per l b _ _ . 2290 Scrap, cast, N.Y dolls, per lb_. . 0738 Babbitt metal: Production, total thous. of Ib 2,091 For own use _ _. thous. of Ib . 536 Sales t hous. of Ib . . 1,555 Copper: Exports, refined § ._ . _ short tons _ 10,733 8, 164 Imports, total § short tons... Ore and blister _ . . . . . short tons _ 8, 1 64 Price electrolytic, N.Y dolls. p e r l b . _ . 0795 Gold. (See Finance.) Lead: Ore: Receipts in U.S. ore short tons.. 29, 847 Shipments, Joplin district short tons.. 3, 495 Refined : Imports short tons. . 645 Price, pie, desilverized, N.Y.dolls. per l b _ . .0431 Production short tons. _ 35, 399 Shipments, reported short tons.. 33,314 Stocks, end of month short tons.. 174, 721 Silver. (See Finance.) Tin: Consumption in manufacture of tin and terneplate* long tons. _ 2,920 Deliveries. ... .. . _. .long tons6,035 6, 895 Imports bars, blocks, etc long tons.. .4792 Price, Straits, N.Y dolls, perlb.. Stocks, end of month: World, visible supply long tons.. 27, 940 6,664 United States long tons.- 8, 004 8, 004 .0300 .0300 24, 615 19, 030 20, 033 17, 349 189, 751 184,693 2.298 21,950 194, 251 . 2270 2,262 .2350 3,330 2,830 . 2434 1,460 4, 555 4,274 . 2715 2,260 4,835 5,725 . 3591 3,020 6, 145 6,839 .4421 2,920 6, 54Q 8,449 .4638 44, 223 3, 461 43, 160 2,741 43, 528 2,281 42, 541 2,040 41, 883 3, 036 39, 964 3,474 38, 043 4.549 1,400 3, 045 1,310 * New series. For earlier data see p. 19 of the January 1933 issue (stokers) and p. 20 of December 1932 issue (tin consumption). § Data for 1932 revised. For revisions see p. 48 of the June 1933 issue. ° Revised. 16 262 : . 2290 .0738 9 419 '615 65 . 0450 . 0450 18, 611 36, 054 160, 211 28, 021 a 29, 129 a 166. 201 3,110 i 8,020 9,177 ! . 4474 I 33, 534 5. 788 3,030 5 105 5,885 . 4665 30, 162 6. 003 SURVEY OF CURRENT BUSINESS December 1933 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January in the 1932 Annual Supplement to the Survey October October November ber 49 1933 Febru- ary March April May June July 13, 869 18 108 20, 456 15 232 22,111 METALS AND MANUFACTURES—Continued NONFERROUS METALS AND PRODUCTS— Continued ZincMetals— Continued Ore, Joplin district: Shipments short tons. _ Stocks, end of month short tons Price, slab, prime, western (St. Louis) dolls, per l b _ _ Production, total (primary) short tons.. Retorts in operation, end of mo number. _ Shipments, total _ . .short tons Domestic short tons Stocks, refinery, end of month. -.short tons.. 24, 637 13, 787 24, 715 51, 201 .0475 35, 195 26, 820 38, 277 38, 233 95, 137 .0303 15,217 Electrical Equipment 1,069 Conduit, nonmetallic, shipments. -thous. of ft.. Delinquent accounts, electrical trade. (See Domestic trade.) 664 Furnaces, electric, new orders kilowatts .. Electrical goods, new orders f (quarterly) thous. of dolls.. Laminated phenolic products, shipments Mica, manufactured: dollars.. 561, 984 Orders, unfilled, end of month 157 thous. of dolls.. 111 Shipments thous. of dolls. _ Motors (direct current): Billings (shipments) dollars . . 238, 047 Orders, new dollars. . 272, 973 Panelboards and cabinets, shipments thous of dolls Porcelain, electrical, shipments: Special dollars. . 59, 028 Standard dollars 25, 118 404 Power cables, shipments thous. of ft.. Power switching equipment, new orders: Indoor dollars Outdoor dollars Radiators, convection type. (See Iron and steel.) Reflectors, industrial, sales units. _ 59, 451 Vacuum cleaners, shipments number 59, 246 Vulcanized fiber: 1, 876 Consumption thous of Ib Shipments thous of dolls 406 Welding sets, new orders: Multiple operator _. - ... units Single operator units Miscellaneous Products Bras? and bronze (ingots and billets): 1 )eliveries .. _ net tons 3, 764 Orders, unfilled, end ot month. __ net tons. 13, 678 Brass, plumbinu: 1 0 Shipments number of piee ^ 695 863 Brass sheets, wholesale price, mill dolK icr lb .148 Copper, wire cloth: I Orders: Make and hold-over, end of month thous. of sq. ft. 107 New _ thous. of sq ft 316 Unfilled, end of month thous. of sq. ft-_ 603 Production thous. of sq ft 459 Shipments thous of ^q ft 489 Stocks, end of month thous. of sq. ft. 636 Fire-e\tinamsliing equipment. (Sec automobiles.) 22, 280 42, 891 23, 948 37, 500 30, 875 24 515 .0309 .0312 18, 653 21, 023 15, 745 15 725 124, 856 .0302 19,519 17, 369 19, 152 19, 132 121, 840 16, 078 19, 753 15, 970 15, 950 121, 948 1,984 1, 705 591 620 22, 262 18, 343 10, 976 19 987 19, 830 17, 167 14 621 26, 60 10, 49( 28, 952 14, 064 .049 33, 55 27, 22 .0470 33, 319 25, 416 35, 347 35, 347 98, 219 . 0267 .0299 .0330 .0381 . 0435 .0488 21, 848 22, 375 15, 909 15, 909 140, 379 21, 507 22, 405 19, 439 19, 394 142, 447 21,556 660 731 691 644 19, 551 23, 389 14, 755 14, 755 134, 440 23, 569 27, 369 27 369 136, 634 24, 027 24, 404 36, 737 36 693 123, 924 30, 905 25, 836 45, 689 45 667 109, 140 100, 24 1,045 1,341 1,622 846 1,091 2,303 2, 609 2, 194 2,80 334 205 247 211 2,157 688 1, 357 783 93 22, 14, 14 129, 62, 912 57, 897 42,44 42,42 1,452 98, 609 79, 856 456, 720 379, 687 325, 004 299, 259 294, 230 311,439 391, 055 560, 582 622, 979 578, 503 608, 78 585, 454 51 56 46 65 45 56 46 58 29 50 28 48 34 53 42 76 122 90 148 12 13 136 106 129, 488 124, 546 150, 283 146, 813 186. 285 133, 950 .108,871 136, 566 168, 266 150,571 141,313 128,786 118,359 231, 210 1 58, 094 213, 167 265, 054 219,601 289, 10 453, 47 255,170 253,015 83, 679 37(5, 758 142 147 173 191 146 137 130 157 004 165 16 49, 051 22, 688 420 42. 664 15, 715 343 29, 007 27, 897 15, 770 439 38,311 25, 722 17 197 288 34,813 282 20, 310 14 721 254 21 181 246 43, 733 45 781 412 45, 922 30, 498 245 59, 1 2 47, 34 34 13, 345 26, 216 15, 343 38 000 17, 703 58 618 19 799 42 173 25, 096 33 784 36 482 17 356 74 979 23 161 35 936 23 506 50 527 26, 000 (55 354 27, 61 65 87 27,911 81,635 38, 453 38, 000 35, 327 36, 178 29, 699 38 727 27, 668 28 462 25, 952 30 106 25, 381 43 340 30, 223 37 934 32, 142 41 661 38, 970 44 531 46, 453 35 000 49, 94 43, 91 50, 484 61,340 1, 047 903 245 948 188 876 204 811 192 874 187 864 206 1 357 1 964 2 032 1 94 260 285 404 434 44 1,963 412 0 64 6 63 1 101 3 39 39 1 57 1 70 2 94 0 156 200 14 0 147 1,969 17, 002 1,646 16, 648 1,492 1.261 1 , 421 1,586 2 274 3, 804 15,934 14,952 15,991 18,408 16,712 4. 973 1 6, 568 5,601 16,373 15,657 5, OL> 14,6(5 837, 258 637. 993 446, 608 493 477 585, 775 563 671 . 125 . 125 .125 . 110 .110 .110 . 115 . 122 . ] 33 503 288 103 308 506 301 115 289 507 249 130 253 487 275 106 241 317 118 267 549 281 102 256 543 642 406 294 276 901 275 800 5.18 257 110 220 227 921 257 868 2?0 863 265 832 238 845 305 829 11,450 17 188 285 10,812 664 573 1,007,966 1.291.994 ,112,013 1,060,73 844,606 . 140 . 14 . 148 510 484 648 45* 379 735 400 457 802 738 28 49 72 44 49 68 249 362 657 460 466 680 PAPER AND PRINTING WOOD PULP Chemical: Consumption and shipments, total t short tons Soda short tons Sulphite total short tons.. Bleached short tons Unbleached short tons.. Sulphate short tons Imports §. _ - . ..short tons _ 191,019 Price, wholesale, sulphite, unbleached dolls, per lOOlbs... 1.91 Production, total Tf short tons Soda short tons Sulphite, total short tons.Bleached short tons__ Unbleached short tons.. Sulphate . __ _ _ _ __ short tons Stocks, end of month, total short tons Sulphite, total Bleached Unbleached Sulphate Other grades short !hort short short _short c tons tons tons tons tons _ 230, 602 24, 003 100, 689 52, 632 48, 057 105 910 119,612 213,553 23, 218 96, 683 49, 535 47, 148 92 652 142, 363 187,038 19, 105 88,111 45, 986 42, 125 79 822 146, 289 207, 880 28, 464 98, 471 49, 902 48, 569 80 925 138, 971 214,511 27, 751 104, 518 55, 016 49, 502 82 242 98, 431 227,811 28, 252 115,860 61, 842 54, 018 83 699 78, 921 224, 020 26, 758 107, 799 55, 035 52, 764 89 463 62, 409 820 "271, 533 223, 871 «235, 26, 764 G31,918 "31, 428 97, 924 100, 035 120, 665 79, 942 52, 947 57, 383 42, 652 40, 723 44, 977 99 183 103 867 119 440 82, 176 137, 206 178, 577 307, 192 32, 345 134,884 65,919 68, 965 139 903 194, 641 298, 680 31, 261 143,912 74, 397 69, 515 123 507 192, 338 1.58 229 875 24, 645 98, 825 52, 388 46, 437 106, 405 30 534 3 504 22 378 6 140 6, 152 4 252 1.58 211 032 22, 900 96, 237 49, 442 46, 795 91, 895 29, 148 3 224 21 846 6 074 5,744 3 644 1.53 186, 008 19,201 86, 468 44, 701 41,767 80, 339 28, 624 3 318 20 464 5 166 5, 268 3 822 1.53 203, 763 24, 762 96,001 48, 355 47, 646 83,000 54, 536 2 840 46 744 23 116 13, 602 4 510 1.53 205, 603 24, 738 101, 173 51 225 49i 948 79, 692 50, 206 2 368 43 758 20 038 14, 996 3 658 1.53 219 468 25, 876 108, 446 56, 374 52, 072 85, 146 47, 352 2 492 40 210 15 652 14, 990 4 156 1.53 222 536 25, 928 107, 679 53, 484 54, 195 88, 929 39, 830 3 304 32 280 14 332 8,780 3 990 1.53 241 284 28, 592 115,644 49, 622 66, 022 97, 048 33, 186 2 920 26 598 10 770 6^712 3 216 1.64 269, 166 30, 365 120, 309 81,077 39, 232 118,492 1.75 309, 065 33, 039 134, 934 65, 202 69, 732 141,092 1.79 303, 195 31,834 146, 480 73, 395 68, 085 124,881 1.55 24,8, 535 31, 508 111, 148 54, 237 56,911 105, 879 29, 634 2 588 22 772 7 614 6, 180 4, 024 442 422 494 452 510 434 250 _ 256 400 a Data revised for 1932. For revisions 1932 see p. 49 of the June 1933 issue. Revised. * New series. Data prior to October 1931 not published. t Series revised. For earlier data see pp. 18,19, and 20 of the November 1933 issue. t Revised series. For earlier data see p. 19 of the August 1933 issue. 50 SURVEY OF CURRENT BUSINESS 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October October Novem- Decem- January ^' December 1933 1933 March j April August N^m- May June July 106, 393 18, 084 113, 789 60, 303 127, 749 18, 684 125, 737 59, 218 113,215 23, 612 105,316 116,275 21,354 103, 540 99,726 24,909 92,083 PAPER AND PRINTING—Continued WOOD PULP—Continued Mechanical (ground wood): t (Consumption and shipments Imports . Production Stocks, end of month short short short short tons . tons.. tons . tons - . 30, 966 PAPER ! Total paper: ; Production *$ short tons Percent of capacity Shipments ^ _ short tons .. Stocks, end of month short tons i Hook paper: Orders, new: Coated.- percent of noimal production _ 53 58 CJncoatecL- percent of normal production _ orders, unfilled: Coated .number of days' production fi Uncoated number of days' production 6 Production t _ . _ - . . _ short tons Percent of capacity Shipments f. short tons stocks, end of month _ . _ _ short tons !, Ne\v sprint: C.ii'ada: Exports -_. - - short tons 171,947 191,452 Production . _ - bhort tons Shipments from mills . _ ..short tons 190, 326 stocks, at mills, end of month __t>hori tons 38, 415 I mted States Consumption bv publishers, short tons 152,098 Imports ._ __ .short tons. . 175,711 Price, rolls, contract, destination, X.Y. basis dolls, per shoit ton 10. 00 Production, total . short tons S2, 052 SI, 580 Shipments from mills .short tons stocks, end of month, it milN _ _ . ^hoit tons . 1 s, <J9 [ U publishers __ . short tons i ITS, 159 In transit to publishers _ short tons .•if), (.79 P ii H.I board:* Production .. .short tons Shipments ... . ... _ -shoit Ions I$o\ board fc ! (Consumption, \vastoi paper short tons < ) Filers New short tons rnfilled, end of month . - s-hoittons Pn duction . .__ ._ . . short tons . operations, percent of capacity - - - shipments . . _ ..* .short ton^ ^tocks, end of month.. .short tons ^ro^ks ot \\aste paper, end of month Vt mills _ . . . . short tons In transit and unshipped j)urchases short tons \\ riting (fine; paper. Pro iuctionf. - - - - short tons Percent of <• ip icitx Mjipmentsf . _ _ short tons Stocks, end of month - . short tons \\rappmg papor. Production!- _ _ . short tons . Percent of capacity ^hipmentst short tons stocks, end of month - _ .shoit tons _ VII or her gndt e: Production! ._. . _ short tons . shipment*?! __ . .short tons ^t »,ks, end of month _- . . . short tons . 96,626 17, 876 89, 648 60, 294 102, 772 24, 956 102,295 58, 457 90, 072 17,403 95, 101 57,531 715 513 62 737, 154 359, 847 653, 140 58 645, 890 366, 685 574. 844 52 567, 875 363, 962 46 19 (I 53 36 4^5 43 51 4 4 7", 264 60 80, 539 72, 436 3 75, 634 59 71,745 77, 289 3 4 75, 3M2 59 71,630 78, 294 US, 935 l l 59, 153 '159,215 « 4S, 454 153, 569 161,334 164,327 45. 461 141,993 14s. 291 89, 860 8, 210 86. 905 52, 028 86, 453 5, 594 83, 854 49, 820 92, 403 9, 064 90, 591 48, 105 582, 455 628, 308 53 , 58 586,397 627, 210 349, 389 671, 47T 741, 783 710, 423 882, 575 923, 842 925, 347 852, 366 670, 488 757,316 697, 481 901, 733 941, 341 921, 401 854, 959 43 51 46 60 49 47 53 60 56 73 52 59 61 70 52 68 i i 77.094 58 81, 103 70, 77S 3 80, 486 64 78. 796 74. 671 79, 689 66 77, 537 77,210 4 4 76, 183 49 77, 326 75, 820 5 6 79, 799 55 64, 797 80, 900 6 10 89, 659 63 87, 687 83, 327 6 8 92, 060 7 10 98, 842 7 9 99, 746 97, 860 98, 644 100, 943 136, 993 138, 682 140, 770 42, 337 127,779 140.539 133.056 49. S37 107,446 124, 788 120,094 54. 515 138. 005 137. 078 140, 694 50, 872 US, 139 1 48, 377 161.040 37, 232 168, 719 170, 047 164, 991 43, 428 152,152 171.830 171,889 43, 068 167, 303 180, 387 180, 836 41, 963 165, 880 196, 036 196, 958 41, 826 1 15. 8s9 155, 199 132,761 135. 130 127,446 130.917 116,307 94. 908 123,402 114. 500 132, 032 139, 213 160,773 157.314 130, 879 142, 700 132, 482 163, 433 127, 837 51, 210 134, 306 177, 750 45 00 *76, 44S '76. 588 45 00 SI. 662 S3, 922 45 00 80, 075 79. 002 45 00 74. 3 "6 72, 637 45. 00 67, 665 66, 884 45 00 76, 521 77, 933 40.00 74, 534 70. 085 40 00 81,181 78, 861 40. 00 81, 939 84, 970 40. 00 79,616 82, 145 40.00 87, 957 86, 077 40.00 *72, 091 "74, 139 M2,841 165, 45^ 29, 586 30, 5Sl 171,79S 28, 75S 21,7x3 172,272 24. 171 23, 502 166. 9 "4 24. 601 23,36-! 157,489 27,317 23, 005 149, 971 23, 69 1 21, 171 139, 037 27, 066 23, 560 137,451 24. 290 21, 964 135, 342 24, 051 19, 378 157, 118 26, 278 21, 407 171,011 30, 934 19, 152 177, 732 34, 214 313.141 315.959 278,801 274, 1 1 1 224,214 222. 280 24 i 4^,9 24-i, 246 20 i, 940 290, 678 2S9, 225 295, 03S 295,92} 322, 108 327. 906 382, 002 390, 788 364, 253 368, 624 368, 464 371, 043 349, 903 349, 553 97, 337 7, 949 103, 002 53, 172 a a 177, 806 179, 655 183, 994 37, 237 . --.. . ..... . \ ; i 36, 264 54 •56. 665 4M, <(40 32, M 9 49 32, ">->() 50, 156 2s. 3sy 42 2S. 514 50, 063 32, 946 49 34, 4^4 50, 099 34, 262 53 34, 639 48, 984 59 37, 343 48, 965 115,047 126. 156 57, 96 i 99, ">S4 67 98,001 58, 903 s4, 1S9 57 s2, 370 :,9, 55 1 92, 969 62 U 2. 7S3 57. 240 91,417 63 91.691 57, 596 94, 252 9S, 145 74. (H5 79,718 80. 625 77. 265 79,610 7S. 145 7s. 095 5S. STi 59, 423 71.297 85, 291 S4, 523 72, 135 32, S4S 49 34. 556 47. 548 42, 820 63 34, 737 49, 176 52. 552 79 50, 292 50, 894 52, 537 83 52,274 53, 943 78 53, 727 42, 767 76 41,441 121,169 65 123,835 56, 307 132,438 136, 808 54, 405 123, 556 83 125,409 53, 314 149, 524 99 163, 579 46, 502 152, 334 106 153, 857 160,982 105 161, 143 140, 334 98 136, 826 65, 852 64. 535 74,912 124. 657 130,391 73 394 62, 068 (.1,882 73, 371 122,264 119,696 71,591 179, 788 183, 204 153, 973 149, 662 143, 470 147,918 PAPER PRODUCTS Abrasive paper and cloth, shipments: 32,412 SO 300 28, 125 67, 442 Domestic reams 40, 468 53. 187 42, 297 35. 424 37, 648 60, 549 59, 784 35, 878 4, 412 Foreign reams. . 7, 823 8,984 6, 522 5, 574 6, 832 ,< 331 6, 829 5, 478 6, 739 7, 675 6,945 Paper board shipping boxes: 58 65 50 88 71 58 65 Operating time, total percent of normal-. 80 90 79 60 91 62 62 Corrugated percent of normal ._ 93 78 61 71 86 97 83 65 100 69 44 72 49 52 39 Solid fiber . ... . _ percent of normal ... 47 60 70 47 65 65 43 Production, total thous. of sq. ft.. 493, 888 508, 182 409, 736 361,871 376, 200 398, 014 380, 452 460, 970 565,471 626,415 631,484 600, 157 Corrugated _. ... .. thous. of sq. ft. . 395, 814 436, 406 345, 756 306, 447 ! 314,084 329, 133 306, 667 385; 117 463, 567 499, 226 513, 490 481, 396 Solid fiber thous. of sq. ft.. 98, 074 71,776 63, 980 55, 424 62,116 68, 881 73, 785 75, 853 101,904 127, 189 117,994 118,761 124 102 112 120 106 112 Hofie paper sacks shipments* 1930-31= 100__ 95 112 125 81 61, 656 6,699 81 87 64 °566, 267 -452, 869 113, 398 PRINTING Blank forms, new orders thous. of sets _ Hook publication, total ..number of editions. . New books number of editions ._ New editions number of editions.. Operations (productive capacity) __.1923= 100.. Sales books: Orders, new -. thous. of books.-.. Shipments thous, of books. . 69, 318 754 643 111 10, 396 1,090 912 178 66 9, 697 11,627 10, 190 9, 082 38. 364 50, 350 46, 602 875 TOO 457 707 390 595 168 ! 105 I 67 66 66 67 ! 8. 476 ' 8,874 i 7, 645 9, 068 ! 9, 735 7, 920 45, 053 .' 679 i 576 103 70 53,337 i 766 ! 621 145 62 T.907 7, 653 1 7, 399 i 8, 048 ! 46. 508 '805 637 168 62 9, 902 ' 8, 570 j 82, 156 511 416 95 63 72, 099 660 554 106 63 94, 244 572 491 81 64 60,009 824 699 125 68 12,934 10, 380 9, 572 | 11,162 13, 078 11,097 13, 364 11,950 10.958 10,483 59, 226 530 477 i * Revised. ^ Series revised. For earlier data see pp. 1.8, 19 and 20 of the November 1933 issue. * New series. Elarlier data not published (rope paper sacks). See p. H of this issue (paper board). vjReport on boxboard discontinued by the Census Bureau. A new series covering the same items will be shown in a subsequent issue. I Data revised. See pp. 19 and 20 of t h i s issue for earlier data. 51 SURVEY OF CURRENT BUSINESS December 1933 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decemin the 1932 Annual Supplement to the Survey October October NovemJanuary ber ber RUBBER AND RUBBER 1933 F ?^yU" March I April May June July August Se ^erm- PRODUCTS j CRUDE AND SCRAP RUBBER v 'rude: Consumption, total . .Jong tons . For tires..-. long tons ... Imports, total, including latex §__.. long tons.. Price, wholesale, smoked sheets, N.Y. dolls, per l b _ . Shipments, world long tons.. stocks, world, end of rnontht long tons.. Afloat, total. .. ... long tons For United States.. long tons.. London and Liverpool..... long tons.. British Malava long tons Unite-"! States!. .long tons Unclaimed rubber: Consumption .long tons... Production long tons St ocks, end of month -long tons . . .Scrap rubber: Consumption by reclaimers long tons 27, 758 15,274 46, 034 19, 337 10, 340 35, 806 20, 157 9,388 29, 620 15, 631 7,408 32, 016 19, 928 10, 376 30, 663 18, 825 9, 587 22, 969 15, 701 8, 179 28, 475 22,817 13, 555 21, 034 38, 785 22, 337 26, 736 44, 654 26, 075 23, 504 43, 660 24, 751 45, 243 0. 076 80, 000 620, 675 96,210 73, 210 89, 707 81,758 353, 000 0. 034 54. 403 604, 008 69, 240 50, 220 100,001 68. 836 365, 931 0. 034 57, 976 611, 301 74, 505 54, 505 96, 324 71,441 370, 577 0. 033 56, 700 621,078 71. 147 51.147 91, 121 77, 024 379, 000 0. 033 59, 000 614, 851 60, 674 40,674 89, 267 74, 590 385, 354 0. 029 54, 500 618, 299 65.123 41,123 92, 153 71, 677 386, 686 0. 030 56, 900 622, 142 60, 914 36, 914 94, 658 67. 583 395, 987 0. 036 55, 000 617, 490 65, 431 38, 431 95, 151 66,911 389, 997 0. 049 57, 000 620, 586 81, 177 54, 177 98, 609 70, 489 370,311 0.061 62, 000 632, 565 106,510 79, 510 102, 511 82, 331 341, 213 0.078 74, 000 619, 752 96, 794 71, 794 99, 906 88, 189 334, 853 5, 337 8,898 11,713 4, 340 6, 275 9. 877 4, 135 6,215 9. 973 3, 135 5, 345 lo! 794 3, 560 4. 983 10, 733 3, 229 4, 303 10, 936 2, 556 3 617 W, 227 3,261 4,340 9,484 5, 750 7,864 9,065 7, 159 9,956 8,733 7,642 11 326 9,311 14 139 19, 512 39, 097 21, 772 45, 413 17, 46, 0.073 0.( « 75, 462 «75,( "603,711 "616, o 88, 355 0 94, 66, 355 « 71, « 96, 661 «95, 85, 573 a 85> 333, 122 a 34l[ 6, 990 11,005 9,924 27 800 I 31, ( 5, 9, 10,' 37, TIRES AND TUBES .Pneumatic casings: Production .. . Shipments l° I ; 'i Domestic Stocks, end of month -M>lid and cushion tires: Production Shipments, total Domestic Stocks, end of m o n t h .inner tubes: Production Shipments, total Domestic Stocks, end of month. Raw material consumed: Fabrics . . i 'rude rubber. (See Crude j -.thousands.. thousands i thousands .thousands.-! 2,743 2,030 1.943 6. 769 2, 055 1,439 1,385 5, 501 1, 843 1,369 1,306 5, 964 1, 586 1, 455 1,405' 6,115} 3,806 1,871 2. 077 1 1 . 834 ! 1 (Y74 2. 923 4. 1 44 2,011 5,789! 1,764! 5,902 i 1.616 5,832 2,874 5,4.19 4,077 5,408 .thousands ( thousands...! .thousands .... ..thousands . [ 12 11 11 26 6 6 7 1 5 : 5 ! 24 6 1 71 7 i 22 j 7 ; 8 ) 7 ! 21 l thousands, j thousands. . ..thousands....thousands .j 2, 805 2,141 2,079 6,265 . .thous. of I b , J rubber.) ; 11,116 . MISCELLANEOUS PRODUCTS 7 ! 7 24 6 5 23 1,749 i 1,327 1 h 292 4, 971 1,604 1,263 1, 22.1 5, 330 1,423 j,379 1,348 5, 400 8, 345 7, 827 5, 993 i j i ! | 2,499 7 7 6 21 1,779 1,682 1,646 5, 085 1 ' i ! 1,506 1,522 1,486 5, 095 2, 282 2,441 2, 410 4-, 951 7, 899 7, 263 j 6, 364 10,460 i 4, 151 7| 8 7 20 .1,675 2,028 1,989 4, 957 ! ! 9 9 315 | 170 23.526 41,612 35,417 35, 306 22,353 38, 704 3,740 317 2.393 ?29 4, 918 404 3, 065 383 3, 890 332 2, 461 307 138 189 i 6,827 1 11,574 25, 759 i 24, 409 1,772! 2341 707 ; 252 ; 1, 992 397 780 816 16 15 14 13 24 20 21 13 24 3. 760 3,571 3. 530 5,105 4, 358 4.622 4. 575 4,878 4,482 4, 169 4, 110 5, 152 3. 933 3, 750 3,685 5, 303 i 16,778 i 19.553" 3, 2, 2, 5, 18, 709 16,821 13, 2.052 221 799 j 188 ! | 313 307 260 11,756 35, 873 10, 550 38, 451 21, 525 4L610 27, 37^ 2,303 134 953 307 2,988 241 1, 275 218 4.891 467 2, 321 365 6. 139 '603 3, 195 310 5. 992 5, 136 3, 3, 301 2,791 3, 281 2. 634 647 3, 390 i 2,842 548 3,339 i 2, 800 3. 172 2, 636 i 536 3,672 3, 230 442 3,637 3. 202 3, 860 2, 794 1 , 066 4, 212 3, 516 3, 732 2, 153 1, 579 3, 925 3, 085 4,149 3, 470 3, 857 3,025 2, 146 j 243' 616 j 269 i 4, 780 4, 420 1, 990 423 709 858 13 13 9,808 19, 392 12, 433 13,641 258 2, 423 1 0, 960 20, 337 2, 192 481 ! 844 867 14 j 8.037 14, 227 14, 162 16. 736 13. 188 16 222 233 j 184 5, 012 3, 966 9, 038 10, 977 21, 749 21, 029 . . 15 ! 15 14 7.327 8,058 16, 330 j 20, 997 19,103 14,157 340 3.765 10,052 33,750 316 4, 099 2, 559 15 3, 2, 2* fii 247 4, 782 3, 725 3, 275 1,603 ' 1,913 i 2, 185 3, 179 i 1,812 i 1,090 4,813| 3.156 3, 537 551 1,814 i 2,256 4. 262 I, 342 1, 281 4,773 3.136 3,511 168 1, 801 2. 245 1,267 4, 254 1, 335 15, 088 15,016 15,351 6, 937 7,016 ! 7.008 8.000 ! 8.343 8, 151 4,647 5, 265 6 209 5. 050 2, 369 3, 995 3, 766 3, 674 5, 656 191 4. 139 \ 5, 007 1,055 1.385 3, 623 3, 084 5, 375 5, 234 454 600 4. 922 4, 634 5, 330 5, 189 422 571 4,908 4,618 15, 038 15, 388 5, 955 5, 010 9, 083 10, 378 5, 081 4,792 4 269 4, 519 2, 168 4 MQS 162 167 .j.931 1,739 J, 19} 5, 634 (.79 4, 955 5. 591 056 1, 935 12,S06 5,312 7,495 4, 244 3.678 9 333 3,336 4,286 4,571 4,324 5, 475 9 21 | i*"s 4, 880 5,044 4,320 1 5, 292 i j Lubber b mds, shipments thous of Ib Rubber clotmiM, c i tendered Ordcr^, net number of coats and sundries Production number of coats and sundries j Rubber -proofed fabrics production, total tbous. of yd.Vuto fabrics thous of > d Raincoat fabrics _ _ . thous of > d Rubbei floormu. shipmenls , thous of ^q ft Rubber and cama^ footwear. Pioduetion t o t a l . . thous of pairs Tennis . . _ thous of pairs _ \\aterproof . -thous of pairs shipments, total thous of p nrs . T* THUS thous of pairs \\ Uerproof.. . thous of pairs -hipin^nl'-. domestic, total thous of pans Tennis __ thous of pairs \\ it^rproof ._ t nous of pairs Blocks total, end ol month thous of pairs Tennis . thous of pairs \\aterproof _ thous of pairs i Rubber heels: Production . . ... tbous of pairs shipment'- tot J * _ _ _ , _ thous. of pans K \port _ - . _ _thous. ot pairs H »p ui trade .thous. of pairs _ <-uoe mmufauures. _ -thous of pairs . Stocks, end of m o n t h , thous of pairs Rubboi soles Pioluotion - . thous of purs _ Shipments, total* . _ thous of pairs . Export thous of pairs Hep in ttade _ _ _ .thous of pairs. ^n >e manufactures .thous of pairs i .Crocks, end of month _ thous of pans . ,Yi 'chamcal rubber goods, shipmentsTotal . . . . -thous. of dolls Beltui" thous of dolls Hose . . thous of dolls.. Other . thous of dolls . 1,630 j 1 | j ! 539 14,965 6, 730 8, 235 435 14,462 6, 135 8, 326 13,030 10, 888 221 2, 909 7,758 25, 267 11,222 10,761 170 2 677 7, 914 25, 549 10, 353 12,383 4,441 7, 661 23, 740 4, 008 3, 728 3 3, 959 3, 925 3, 108 3,256 3, 502 2, 766 3, 362 3, 121 2.060 382 730 949 1.815 352 633 830 13. 142 11.336 209 2, 433 8, 694 21, 808 4, 247 3, 777 i 1 275 362 281 l 696 840 584 255 375 2, 483 252 4, 1, 1, 379 3,448 3, 6,061 0, 1, 1,261 4,800 4, 5, 5, 993 1,215 1, 4, 778 4, « 12, 679 14,110 5,413 8, 697 13, 922 4,485 9, 437 19,427 20, 484 182 6, 883 13,419 22, 688 23, 479 21,496 27.717 20,116 284 293 7, 155 ; 6, 184 20, 278 i 13, 638 18, 402 19, 861 22, 632 18,410 19, H, 7, 352 10, 775 24, 123 28, 5, 177 4, 392 833 5, 154 5, 024 3,419 3, 302 1 266 6, 094 6,786 2, 988 3, 215 6, 386 2,228 4, 584 2,333 2,018 2,273 371 903 999 2,847 521 1,067 1,259 3,924 865 1, 471 1, 588 4,191 1, 187 1,428 1,575 358 802 858 319 5,319 3, 824 1,496 1,898 3,421 2, 327 5, 126 4, 333 1,640 2,251 2,082 3, 487 4, 253 5,043 2,181 1,575 2, 072 3, 468 13,517 « 13,749 3, 832 °4, 134 9, 685 "9,616 5,209 5, 482 1 335 5, 146 3, 006 235 271 466 208 5 395 4 436 282 8 579 3,806 3,011 3,892 975 1,298 1,619 a 4 «s| 306 4, 4, 635 9, 9, 868 4, 351 4, 3, 803 3, 3 281 3,518 3, 3, 3, 3, 675 882 1,206 1, 1,587 1, t For revised data for year 1932 see p. 50 of May 1933 issue. * New series. Earlier data not published. § Data revised for 1932, for revisions see p. 50 of the Ji }933 issue. " Revised. 52 SURVEY OF CURRENT BUSINESS 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey October October, Noh™m-|DSr- January February STONE, CLAY, AND December 1933 1933 March April May June July Angus, I » GLASS PRODUCTS BRICK § Common brick, wholesale price, red, N.Y. dolls, per thous .. 9. 25 Face brick (average per plant) : Orders unfilled, end of mo thous of brick Production (machine)* thous. of brick Shipments thous. of brick.-!. Stocks, end of month J thous. of brick Sand-lime brick: Orders, unfilled, end of mo. .thous. of brick. . 245 Production thous. of brick 882 Shipments by rail - thous. of brick.. 19 Shipments by truck thous. of brick- J 891 Stocks, end of month thous. of brick-. 2, 189 9. 25 9. 25 9. 25 10.13 9.25 9.25 9.25 9.25 9.25 9.25 9.25 9.25 363 200 221 3,119 351 151 134 3,091 352 98 85 3,133 292 35 79 3,061 300 24 50 3,030 324 27 94 2, 975 359 93 131 2,911 350 139 169 2,860 398 i 157 207 2,823 408 245 213 2,797 j 432 256 i 226 I 2,790 379 185 180 2,778 3, 650 2, 187 8, 050 901 5, 755 798 300 1,668 4,813 0 1.231 4,477 \ 82 884 4,792 7 325 ' 606 110 1,233 4, 622 4,812 307 80 778 4,020 3, 675 511 15 861 3, 501 2,775 492 50 742 3,003 1, 580 588 72 606 3,877 1,315 730 71 1,265 1, 936 3,955 j 1,148 15 ! 947 2, 042 ! 865 2,084 58 1,419 ! 3, 130 '. 315 903 15 975 2, 608 1.426 2.958 12.9 2, 502 20, 624 6, 092 1.436 2, 777 13.4 2,278 21. 125 6,422 1.436 3, 684 16. 1 3, 510 21, 298 6, 890 1.436 4,183 18.9 4,949 20, 542 7, 146 1.436 6,262 27 4 6,709 20, 1 1 7 6, 769 1.436 7,804 35.2 7,979 19,936 6,840 PORTLAND CEMENT Price, wholesale, composite dolls, per b b L . j 1.603 Production ._ .. .thous. of bbl-. 5,037 Percent of capacity 22 1 Shipments _ thous. of bbl 6, 750 Stocks, finished, end of month, .thous. of bbl.. 19, 503 Stocks, clinker, end of month thous. of bbl i 6, 203 GLASSWARE, ETC. Glass containers: ProductionPercent of capacity 1.388 7, 939 34. 6 8, 743 17.084 6, 093 1.388 1.424 6, 462 4, 248 29. 1 : 18. 5 4. 782 2, 835 18.788 20,205 5, 938 ! 5, 995 ! 1.549 8.609 37.6 8,697 19,848 6,832 1.586 8.223 35.9 5,994 22,078 6.474 1.595 5,638 25.5 6,517 « 21, 216 "6,507 ; I thous. of gross. J; 2,237 67 4 Stocks, end of month thous. of gross- J 4, 796 Illuminating glassware:* Orders: j New and contract number of turns ! . Unfilled, end of month _ -number of turns Production number of turns Shipments: Tot?l number of Hirrs Percent of full operation ! Stocks, end of month number of turns- . j .. Plate glass, polished, production # thous. of sq. ft .. (i, 064 1.75U , ,7,1. <S 1 78U ' "5, 2<;3 ' 1,508 46. 4 1 V}1> \ 5,217 1,462 44. 9 1 366 5,343 1.636 51.3 1 738 5. 244 1,585 51.8 1 508 1,704 49.5 1 621 5, 406 1,568 49.2 1 682 5, 305 1,693 49. 1 ] 969 5, 036 2,007 60.5 0 129 4,893 2,322 72.8 ! 2 112 ! 5, 103 2,492 72.3 2 553 5', 033 > i I I 2. 158 67.6 9 5°9 4', 736 1, 151 : 1,363 ' 1.090 : 1, 187 i 1.286 1 1,338 i 948 1,222 1, 144 1.043 1,21!) 795 1 , 049 1, 280 1,010 1,379 1, 327 1,008 1.300 1,390 1, 161 2,241 2,217 1,484 j 2, 145 2,324 1,670 ! 1,331 2, 100 1,61] 1,815 2, 168 < 1.647 ,' 1.556 2,027 1.926 3 . 279 i 44. 1 ; 4, 799 1 , 260 43. 5 4.852 1 , OS3 37. 4 4.949 986 34. 0 4, 480 1,006 35.4 4, 397 1 , 267 44.6 4, 388 1 , 226 43. 2 4,342 1.422 50. 1 4.413 2,027 i 71.4 4,091 1, 583 55. 8 ; 4,110 1 J , 701 i 59.9 l 4,038 i 1, 736 61.2 4,205 4, 120 j 4. 718 4. 268 6, 472 5, 186 5, 112 4, 893 8, 286 9.946 : 9,346 a : ! 11.828 j 11.768 GYPSUM * Crude (quarterly): Impor f s ^h'>rt tons Production short tons Shipments funcalcined) short tops Calcined (quarterly): Production short tons Calcined products (quarterly): Shipments: Board, plaster (and latlVt _thou«. of sq. ft Board, wall thous. of sq. ft OmpTit, Kei-nes--- - ... ... .short MUS Plasters, neat, vood fiber, sanded, ' ) 'i°in <r finish etc short tons For pottery, teira cotta, plate ghu->, mixing plants, etc -..snort tons Tile, partition thous. ot sq. ft i SO, 3t>»> 252,891 ( J'> 374 0 197, 730 61, 100 74, 240 i 369,016 !.. 146 569 i i 199 CSj 168,931 297,033 1 2 Ml 18. SX2 42,442 2, 073 Jo. 945 f>7, 138 " 3, SM 1.3", ( > ! > ; 121,490 217,274 1 . _ I 18,219 -! 1 . 393 17,249 1,406 ,... _ . ... 22. 951 ._......;--. ! ._: , '_ ._ ! .. - 24, 795 _ . _ . 1,516 . . . i_ . _ . . '. 117. 532 _ -. . . . . . ' 431,521 i , 1 5 8 061 i 264,805 _ . .. .. _ 35,339 "4.943 4, 232 1ST 152 ! . . i. 30,861 1. 715 TERRA COTTA Orders, new: Value thous of dolls 34 790 8> 1 365 96 ! 1 iss 92 1 3f)() 79 0()9 ''6 2 333 198 1 105 67 1 297 565 47 834 i 68 189 21 717 65 TEXTILE PRODUCTS I 1 CLOTHING j Hosiery: * Orders: 4, 185 3, 860 5, 006 4,684 5,145 7,547 4,337 6, 582 3, 666 5,406 8,075 4,028 New thous. of dozen pairs 4,471 Unfilled, end of month 2, 826 4, 172 3, 006 3, 109 3,892 5, 865 3, 617 2.877 5, 939 5,048 4,413 7,155 4, 392 thous. of dozen pairs .. 4, 695 4,063 4,408 5,680 5, 559 4, 568 4,703 4, 197 6,115 5, 075 4,263 4,522 6, 003 Production thous. of dozen pairs__ 4, 783 5,358 5, 645 3,516 4,047 4,731 6, 537 5, 556 4, 500 4, 526 4,603 6, 006 4,815 Shipments net thous of dozen pairs 8,070 9,010 8,740 7, 855 8,154 9,010 8, 776 8,390 7,719 7,951 8, 251 8,469 Stocks, end of month. .thous. of dozen pairs. _ 7,553 Men's and boys' garments cut: 554 172 216 267 409 178 122 131 638 330 569 553 Overcoats thous. of garments- . 527 1,164 1, 436 1,495 1, 676 1,844 2,089 1,702 1,390 2,106 2,401 2.193 1,792 1, 947 Separate trousers thous. of garments.. 1,745 1, 850 1,599 1,681 1, 832 1,077 1,593 1, 565 964 1,450 1,163 1,807 1,385 Suits thous. of garments- _ 1 | Rubber clothing. (See Rubber products.) ° Revissi. * New ssries. For earlier data on face brick (machine production) see p. 20 of the June 1933 issue; gypsum, see p. 20 of the January 1933 issue; hosiery, see p. 19 of the April 1933 issue (data is partly estimated). Earlier data on glassware not published. # Partly estimated for months of 1933. t Adjusted for degrading and year-end physical inventories. § Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period. SURVEY OF CURRENT BUSINESS December 1933 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January in the 1932 Annual Supplement to the Survey October October November ber 53 1933 February March April June May July August September TEXTILE PRODUCTS—Continued COTTON 504 Consumption f thous of bales Exports: Quantity, exclusive of linters thous. of bales, _ 1,047 Value. (See Foreign Trade.) Ginnings (total crop to end of month) thous. of bales, . 10, 361 Imports thous of bales 12 Prices: To producer dolls per Ib 090 Wholesale, middling, N.Y dolls, per lb-_ .097 Production, crop estimate - - thous. of bales . • 13, 100 Receipts into sightt thous. of bales 3 231 Stocks, end of month:t Domestic, total mills and warehouses thous. of bales_- 10, 836 Mills thous. of bales-1,361 Warehouses thous of bales 9 475 World visible supply, total thous. of bales. _ 9,383 American cotton thous. of bales 7 828 502 502 440 470 441 495 470 621 697 601 589 499 1,008 1,012 1,040 794 557 488 436 592 615 692 531 869 9,247 4 11,635 9 12, 081 11 12,415 21 16 12,710 13 7 9 14 171 12 1, 394 10 5 851 064 .066 059 .062 054 .059 / 13, 002 2 784 1 586 056 .062 055 .061 061 .070 061 .069 082 .086 087 .096 106 .108 088 .096 088 .097 1 078 599 569 584 728 771 761 782 2 131 2 970 11, 092 1,267 9 825 9,479 7 783 12, 148 1,454 10 694 10, 518 8 884 11,880 1,530 10 350 10, 552 8 878 11,520 1,499 10 021 10, 549 8 759 10, 827 1, 449 9 378 10, 182 8 403 10, 244 1,343 8 901 9,796 7 977 9,523 1,371 8 152 9,560 7 613 8,715 1,392 7 323 9,014 7 042 7,708 1,398 6 310 8,341 6 429 7,085 1,348 5 737 7,713 5 908 6, 946 1,160 5 786 7,254 5 602 8,535 1, 160 7 375 7,901 6 385 196 .281 187 .271 174 .270 168 .270 163 .270 175 .276 179 .278 216 .306 251 .345 311 .410 361 .548 339 .505 24 010 1 633 25 379 2 118 30 479 2 498 34 332 2 625 34 215 2 794 39 475 4 125 28 150 3 510 27 384 4 808 30 178 3 823 28 704 3 088 18 213 1 404 13 797 2 442 .037 .033 .033 .032 .031 .032 .037 .048 .059 .067 .070 .067 .046 .041 .038 .038 .037 .037 .039 .050 .064 .077 .088 .080 87, 956 66, 633 69, 515 74, 850 79, 175 81,933 88, 300 80, 097 QO 77Q 95, 746 80, 446 74, 463 80, 765 88, 278 81, 740 100, 479 75, 395 90, 106 72, 909 75, 329 82, 943 57, 471 92, 301 55, 594 62 51,406 1.9 28 081 47, 956 49 45, 570 1.1 24 748 37, 674 41 55, 786 1.6 19 864 38, 282 55 52, 258 2.1 25 698 47, 503 67 55, 891 28 156 51,148 60 61, 681 2.1 30 339 43, 006 60 58, 847 3.0 9 8 700 55, 018 68 72, 565 3.0 34 684 80, 782 84 140, 632 8.8 51 004 75, 847 76 93, 660 4.6 48 38Q 59, 741 54 55, 357 2.5 29 843 45, 092 53 60, 949 3.4 26 775 17, 086 18, 684 14, 590 13, 407 14,919 15, 768 16, 104 15,418 30, 580 35, 433 24, 144 40, 107 23 669 6,286 202 94 9 23 488 7', 050 227 93 8 23 422 6,570 212 95 5 24 610 8,329 9 69 112 4 25 550 9, 299 300 128 9 26 085 8,128 263 117 5 25 885 7, 942 258 106 7 26 002 7,058 229 99 6 COTTON MANUFACTURES Cotton yarn: Prices, wholesale: 321 22/ls, cones Boston dolls per Ib 40/ls, southern, spinning dolls, per l b _ _ .494 Cotton goods: Abrasive cloth. (See Paper Products.) Cotton cloth: E\ports§ thous. of sq. yd 13 095 Imports thous. of sq. yd 3 204 Fiber consumption for tires. (See Rubber and Rubber Products.) Prices, wholesale: Print cloth, 64 x 60 dolls, per yd.067 Sheeting, brown, 4 x 4 (Trion mill) dolls, per yd._ .078 Cotton cloth finishing: Printed only (mills and outside) : Production thous. of y d _ _ 71, 669 Stocks, end of month thous. of yd_. 103, 371 White, dyed and printed (outside mills) : Billings (finished goods) thous. of yd-_ 48, 097 Operations - '_ percent of capacity 60 Orders, new, gray yardage. --thous. of y d _ _ 79, 155 Orders, unfilled, end of mo day's prod._ 2.8 Shipments (finished goods) cases 27 383 Stocks, end of month (finished goods) cases-. 43, 927 Spindle activity:! Active spindles thousands 25 875 Active spindle hours, total, .mills, of hours- 7,261 235 Average per spindle in place hours Operations -._ - percent of capacity . 101 9 RAYON AND SILK Rayon: Imports thous . of lb_ _ Price, wholesale, 150 denier, "A" grade, N.Y dolls, per lb._ Stocks, imported, end of month thous. of lb_ Silk: Deliveries (consumption) bales imports, raw thous. of lb__ Operations, machinery activity: Broad looms percent of capacity Narrow looms __ percent of capacity _ Spinning spindles percent of capacity Prices, wholesale: Raw, Japanese, 13-15, N.Y__ .dolls, per lb_. Silk goods, composite dolls, per y d _ _ Stocks, end of month: World, visible supply ... _.. bales . United States: At manufacturers bales At warehouses bales 82' 272 24 583 7, 053 224 96 9 24 368 6,967 221 96 8 23 800 6,386 203 87 1 23 754 6, 791 217 95 0 770 517 425 285 221 351 45 8 52 366 828 1,126 395 65 60 228 60 225 60 226 60 242 60 241 60 257 50 253 55 249 60 237 60 287 .65 410 65 398 28 521 7,029 53 703 7,331 43 955 8,066 40 548 8,301 46 204 4,988 32 665 3,402 38 934 4,254 41 910 5] 660 47 151 6,404 53 627 7,732 44 597 8,396 42 852 7,828 31 185 7,007 84 5 46 8 61 9 76 2 45.3 52 2 83 2 34 2 55 5 89 7 37 2 56 8 80 6 36.8 48 9 56 6 36 3 38 2 59 2 42 2 49 8 75 4 46 0 52 3 74 8 53.0 62 8 82 9 53 2 78 4 1.673 .92 1.562 .92 1.550 .91 1.305 .90 1.201 .89 1. 182 .89 1.324 .92 1.586 .95 2.155 .98 2.273 1.02 1.881 1.04 1. 889 1.04 246, 450 258, 280 282, 616 256, 142 239, 864 237 236 234 523 224 425 218 923 243 529 22 826 54 465 24 336 57 932 22 443 62 837 23 406 69 747 22 074 60 459 20 243 43 814 ?1 151 43 038 20 243 40 1?5 22 190 33 933 21 458 51 684 23 092 55 515 24 480 73 goo 1.647 1.04 23, 078 93 625 WOOL Consumption, grease equivalent --thous. of lb._ 51, 037 42, 423 38, 963 36, 532 35, 510 33, 278 24, 943 28, 701 46, 898 55, 694 58, 688 57, 377 50, 467 Imports, unmanufactured § thous. of l b _ _ 19, 633 4, 864 4,468 5, 408 5, 134 4,977 6, 140 4, 451 3,179 10, 898 31, 406 40, 060 21, 308 Operations, machinery activity: Combs percent of capacity 108 100 82 84 92 87 62 107 131 113 308 134 Looms: Carpet and rug percent of capacity 49 28 23 29 23 45 23 22 31 46 25 44 49 Narrow . _. percent of capacitv. 36 42 36 43 41 33 46 28 51 29 53 54 48 43 Wide percent of capacity 62 66 68 59 58 59 42 66 87 87 97 73 Spinning spindles: 42 Woolen percent of capacity- 68 73 60 55 59 60 53 108 99 100 82 73 56 Worsted percent of capacity. _ 65 58 57 92 83 35 96 69 < As of Nov. 1. / As of Dec. 1. t For revisions for crop years 1932 and 1933 see p. 52 of the October 1933 issue and p. 52 of the September 1933 issue, respectively. t For revisions of cotton consumption and spindle activity for the year ended July 1932 see p. 20 of the February 1933 issue, and for cotton consumption and spindle activity for the year ended July 1933 see pp. 52 and 53 of the November 1933 issue. § Data revised for 1932. For revisions see p. 53 of the June 1933 issue. 54 SURVEY OF CURRENT BUSINESS 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decem- January Februin the 1932 Annual Supplement to the Survey October October November 1 ber ary December 1935 1933 March April July | August |Se^.m" May ! June TEXTILE PRODUCTS- Continued WOOL— Continued Prices, wholesale: Raw, territory, fine, scoured- -dolls, per lb_. Raw, Ohio and Perm, fleeces --.dolls, per lb._ Suiting, unfinished worsted, 13 oz. (at mill) dolls, per yd_. Womeri's dress goods, French serge, 54" (at factory) - dolls, per vd. Worsted yarn, 2/32s, crossbred stock, Boston dolls, per l b _ _ Receipts at Boston, total thous. of lb._ Doiiiestic thous of Ib Foreign thous of Ib 0.84 .41 0.47 22 0. 45 .21 0. 44 .20 0.44 .20 0. 43 . 19 0. 44 . 19 0. 49 .20 0. 63 .» 0. 70 .32 0. 79 .35 1. 800 1. 175 1. 175 1. 175 1. 175 1 . J 75 1. 175 1. 163 1 . 395 1.550 1. 125 . 750 .750 .750 . 750 . 750 .750 .750 .780 .925 1. 35 18, 931 15, 241 3,690 .88 17, 556 16, 960 596 .85 11,858 11, 136 722 .83 5, 927 5, 0*53 864 . 80 8. 978 7, 991 987 .80 9, 281 8, 384 897 .80 1,657 4, 032 625 .83 6, 835 6, 544 291 .93 17, 630 22, 403 23, 323 31, 340 21, 895 29, 064 21,344 28, 865 22, 937 22, 413 34, 842 50 47 72 88 49 73 57 46. 3 7,136 356 285 1, 063 850 3, 233 45. 2 7, 194 413 360 599 731 « 1,715 38. 0 8, 025 741 214 586 605 ) . 356 40.0 7,971 684 677 864 663 1,604 2, 096 2, 216 2, 282 1, 779 1, 855 1, 783 1, 675 1, 862 1,791 2.175 2, 121 1 , 956 0. 80 0. 82 .39 J.613 1 , 765 1 . SOO .975 1.065 {. 12" 1.17 83, 318 70, 876 215 1.09 54, 510 52, 995 1,515 12,442 1.18 61, 303 45, 593 15, 710 27, 284 12,307 30, 192 20, 079 34, 251 17, 820 34, 499 23, 807 50, 203 20, 523 25, 097 71 58 75 0, 98 74 Sfi 74 114 93 62 4? 41. 3 7, 751 297 267 1,356 . 656 1,543 36. 2 7, 325 3, 255 394 1,087 619 1,661 43. 2 7, 132 200 181 865 615 2, 067 51.3 6, 938 567 549 1,176 820 3, 327 54. 2 6, 792 172 120 1, 983 1,093 56.3 5, 737 779 713 3, 264 1,270 ,%832 506 483 2. 210 * 3,803 49.0 5, 983 815 150 3, 236 1,301 3, 892 2, 188 2, 374 2, 128 1,992 2, 333 2, 699 3, 039 2, 781 2, 753 3, 920 3, 760 3, 745 4, 450 4, 202 3, 195 4, 348 4, 280 1 2, 751 3, 691 3, 889 2, 660 2, 761 2. 71 * 122 66 35 21 143 78 48 17 1,256 936 2. 690 2. 1 94 8. 318 5, fi62 2, 656 17,415 1.29 28,981 22, 204 6.777 MISCELLANEOUS PRODUCTS Burlaps and fibers, imports: 49, 848 Burlaps thous. of Ib Fibers long tons.,.. 21, 806 Buttons and shells: Buttons: 102 Imports, total § thous. of gross. _ 74 From Philippines thous. of gross.. . Fresh-water pearl: 604 Production percent of capacity-5, 827 Stocks, end of month _.thous. of gross.. 505 Shells imports total thou^ of Ib 365 Mother of pearl . _ _ _.. -thous. of Ib „ 3, 066 Tagua nuts, imports thous. of Ib . Elastic webbing, shipments. thous. of dolls. . 868' Fur, sales bv dealers-thous. of dolls . Pyroxylin-coated textiles (artificial leather): 'Orders, unfilled, end of month 2, 556 thous. of linear yd.. 2, 697 Pyroxylin spread thous. of Ib 2, 578 Shipments, billed thous. of linear yd.. 17,521 25,118 2,079 V -o- * 5,279 TRANSPORTATION EQUIPMENT AIRPLANES s'7 !»2 '• 119 I2"> i 9>s Production, total number j in ! 44 :i7 34 21 i 48 Commercial (licensed) _ . number.,. j 19 •'{) ! 45 30 !j °7 ; 21 Military (deliveries) number 30 25 39 | 44 1! 42 For export - - number Exports: AUTOMOBILES Canada: 256 | 1.601 1,090 ,7.5 1 , 338 2, 868 2, 416 Automobiles, assembled nurn her. _ o 194 •>89 i 833 1 . 55K i 69 1 163 2 428 Passenger cars number United States: i Autos and parts, value. (See Foreign Trade.) 8, 056 8, 657 10, 143 t, 97S 3, 115 4, 282 Automobiles, assembled, total §. number... 11,473 5, 528 5. 521 1,762 7. 059 5, 906 1, 733 Passenger cars § number 3, 136 2, 22 1 2, 528 :>. 084 1,353 5, 567 2, 549 Trucks' § . • .number Financing: 29. 189 33,547 27, 025 3 1 . 280 Retail purchasers, total thous. of dolls.. 57, 503 33, 624 19, 464 14,091 18,328 ]fi 842 36 790 17, 644 J3,' 981 New cars thous. of dolls 11.725 13.335 12,834 12,171 12, 174 Used cars thous. of dolls. _ 1 9, 665 15, 036 748 779 (521 760 913 1 , 048 943 Unclassified thous. of dolls. _ Wholesale (manufacturers to dealers) 11,774 27,515 27, 706 30, 134 20, 131 13, 132 thous. of dolls.. 38, 963 Fire-extinguishing equipment:! Shipments: 28 14 24 21 14 19 17 Motor-vehicle apparatus number 11,695 10. 719 11,811 12, 870 10. 047 12, 089 Hand types number, . 17, 996 Production: Automobiles: 3, 358 6, 632 3, 298 2, 139 2, 204 2, 923 Canada, total .- .. .. . number, . 3,682 5, 927 1,669 1,561 2, 921 3, 025 2, 723 2, 361 Passenger cars number.. 48, 702 59, 557 107, 353 130, 044 106, 825 117,949 138, 475 United States, total number 108, 321 85, 858 99, 225 91, 340 Passenger cars . . . number. _108, 010 35, 102 47, 293 152 239 2S1 5 660 63 5 Taxicabs . number . 18, 064 21, 718 15, 333 12, 025 21, 204 30, 402 13, 595 Trucks number 559 727 580 347 455 237 523 Automobile rims thous. of rims. . Registrations, new passenger cars f - -number. _ 136, 326 63, 195 44, 358 45, 683 79, 821 69, 464 78, 741 Sales (General Motors Corp.): 19, 992 50, 653 42, 280 47, 436 12, 780 To consumers - number,. 63, 518 26, 941 58, 018 53, 942 82, 117 59, 614 5, 781 10, 924 53, 054 To dealers, total -_..,.-. number. 72. 274 45, 098 44, 101 50, 212 2, 405 5, 810 U.S. dealers number.. 41,982 Shipments, accessories and parts, total t 50 51 51 41 39 45 59 Jan. 1925 = 100.. Accessories, original equipment 48 46 33 36 45 26 47 Jan. 1925=100.. 54 42 46 40 85 91 Accessories to wholesalers Jan. 1925 = 100.. 76 84 84 87 86 91 109 Replacement part^ Jon 1925 — 100 34 32 28 36 31 36 47 Service equipment - -.Jan. 1925=100. i RAILWAY EQUIPMENT Equipment condition: Freight cars owned: Capacitv - -. mills, of lb_. 193, 352 201, 326 201, 055 200, 547 200, 250 198, 997 198, 652 2, 123 2,106 2,127 2,101 2, 138 2, 134 2,038 Number, total .. ... .thousands.. Bad order, total ...number.. 295, 087 268, 170 265, 239 266, 066 266, 594 269, 378 274, 368 12. 7 12.9 13.2 12.6 12.6 12.7 14. 7 Percent of total in bad order . « Revised. § Data revised for 1932. For revisions see p. 54 of the June 1933 issue. t Revised series. See p. 19 of the August 1933 issue for earlier data on fire extinguishers and passenger-car published. 18,974 141 99 7 35 132 2, 247 1.805 1,731 i 1,220 ( 1,714 1.233 j 7, 538 5, 093 2, 445 7, 235 4, 757 2, 478 9, 128 5, 546 3, 582 10, 308 6,516 3, 792 10,044 45, 337 28, 226 16, 107 1, 005 58, 193 37, 475 1,289 65, 514 43, 004 21, 182 1, 328 65, 153 43, 334 20, 542 1, 277 71,157 19,428 47, 291 22, 536 J , 360 62, 539 40, 887 20, 393 I, 259 40, 841 55, 006 56, 938 57, 866 69,613 ."i, 127 21 19, 495 19 21, 183 17 18, 348 106 1 62 27 17 12,415 16,401 18 25 22, 642 8, 255 180, 667 152, 939 411 27, 317 898 7, 323 6, 005 253, 322 119,909 9, 396 8, 024 218, 303 184, 644 54 33, 605 938 160, 242 71, 599 86, 967 74, 242 85, 969 98, 205 85, 980 101, 827 31 6,957 211,448 35 41, 839 1,015 174, 190 6, 540 5,322 233, 088 195, 019 4 38, 065 890 185, 660 6f; 21 36 81 ! 14 37 2. 190 I 72C- 6, 330 4,614 6,079 4, 919 236, 487 195, 076 68 41, 343 961 178, 661 5,808 4,358 196, 082 160, 891 JP> y 35, 182 701 157, 976 k 86, 372 99, 956 87, 298 106, 918 92, 546 84, 504 71, 458 81, 148 07. 733 113,701 97,614 64 71 81 76 80 74 59 46 106 38 64 56 118 50 73 99 129 50 68 83 119 47 71 99 134 56 66 101 120 48 198, 158 2, 095 286, 987 13.8 197, 664 196, 733 196, 059 303, 758 14.7 316, 107 15.4 316, 437 15.4 2,088 2,077 2,069 195, 380 « 194, 387 2, 060 2,047 304, 202 295, 056 14.9 14.6 registrations. Earlier data on accessories and parts not 55 SURVEY OF CURRENT BUSINESS December 1933 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found Decemin the 1932 Annual Supplement to the Survey October October NovemJanuarv February ber ber ' 1933 March April August September May June July 2,410 51, 654 11, 103 21.9 43 410 2,407 51, 537 11,203 22.2 89 355 2, 396 51, 233 11,109 22, I 23 322 2,391 51,081 11,000 21.9 73 248 2,382 50, 788 10, 735 21. 5 53 346 66 1, 187 0 1. 187 165 120 130 1,129 0 1,129 427 392 19 275 0 275 42 22 TRANSPORTATION EQUIPMENT—Continued RAILWAY EQUIPMENT— Continued E quipment condition — continued Locomotives, railway: Owned: * Tractive power ... ..mills, of lb.. 2,379 Number number. _ 50, 668 Awaiting classified repairs number.. 10, 963 Percent of total _ _ 22. 0 Installed _ _ __ __ number42 Retired number. . 162 Passenger cars: On railroads (end of quarter) number.. Equipment manufacturing: Freight cars: Orders, new, placed by railroads cars... 520 Orders, unfilled, total . cars 127 Equipment manufacturers.. .cars. 0 Railroad shops cars 127 Shipments, total cars 162 Domestic cars 112 Locomotives, industrial electric (quarterly): Shipments, total number Mining u s e . _ _ _ . _ . _ ... number-Locomotives, railway: Orders, new, placed by railroads-number- . 4 Orders, unfilled, end of month: Equipment manufacturers (Census) total number, . 83 Domestic, total - number. 79 E lectric num her. 78 Steam.. _. . number . 1 Railroad shops (A.K.A.) number... 1 Shipments: Domestic, total number. 0 Electric.. . _ number0 Steam number 2 Exports total § number Electric § number Steam __ .. _ number :1 Passenger cars: Orders, new, placed by railroads. .number.,. 0 Orders, unfilled (end of quarter) number. _ Shipments, total number Domestic number . 0° 2,444 52, 791 9,190 17.8 47 193 2,439 52, 650 9, 316 18.0 32 173 2, 435 52, 490 9, 558 18.5 36 196 2, 432 52, 401 10, 014 19.4 31 120 2,428 52, 237 10, 290 20.0 57 221 48, 988 0 2,465 0 2, 465 0 0 2 2,398 0 2,398 12 12 50 2, 431 50 2, 381 15 14 2, 423 52, 081 10, 545 20.6 41 197 2,422 52, 020 10,743 21. 2 44 105 48, 592 3 2,228 2,222 3 3 0 1,974 0 1,974 15 15 6 1,873 0 1,873 9 9 14 14 47, 660 50 1,561 0 1,561 0 0 13 8 1,205 0 1,205 3 ......... 12 500 1, 205 0 1,205 2 2 26 26 38 38 0 0 1 4 2 0 0 2 0 11 0 I 86 86 85 1 3 78 78 77 1 3 73 73 72 1 3 71 71 70 1 3 70 70 68 2 69 69 67 68 68 70 67 66 ^ 71 68 66 2 1 80 79 77 75 83 79 78 1 1 2 0 0 0 0 1^ 0 2 2 0 0 1 1 0 0 b 0 0 0 8 8 0 2 1 1 11 8 3 2 1 1 4 5 0 0 0 11 7 4 0 0 0 4 4 6 o 0 U 51 51 0 51 48 3 36 5,673 1,867 26 2,787 1,181 6 1 75 2 1 10 10 0 12 12 0 8 0 2 2 0 0 0 0 4 0 0 6 0 0 15 0 0 0 0 0 0 0 0 0 0 0 0 u 0 0 0 7 0 0 57 0 31 27 4 12 12 0 13 13 0 21 21 0 27 27 0 38 38 0 12 11 1 22 22 0 52 52 0 57 24 5,148 3, 751 87 22, 795 19, 834 18 39, 179 36, 733 18 7,698 5, 888 22 15, 944 13, 741 24 9,338 8, 531 14 41, 213 37, 537 12 2,885 1,578 18 9,474 7,246 35 2,794 35 38 5,264 319 6 (I 6 6 0 0 1 0 ELECTRIC TRUCKS AND TRACTORS Shipments, industrial, total Domestic Exports... .number. . number number °0 SHIPBUILDING United Stales: Merchant vessels: Under construction. __thous. of gross tons.. Completed during month .total gross tons.. Steel total gross tons World (quarterly): Launched: Number.. „ ships. . Tonnage thous, of gross tons.. Under construction: Number . __ .... _ _ ships Tonnage. ... thous. of gross tous. 58 213 93 83 78 130 203 766 232 741 209 732 757 CANADIAN STATISTICS Business indexes:* Physical volume of business 1926 = 100. _ 88.2 75.3 75.8 72.6 Industrial production, total 1926=100. _ 87.4 70.4 71.8 67.7 Construction 1926 = 100 42 6 30 7 39 4 19 5 Electric power _. 1926=100__ , 148. 8 134.4 127.8 131.3 Manufacturing 1926= 100. _ 87.9 70.6 72.3 70. 2 Forestry ...1926=100.. 86.2 64.7 65.8 60.0 Mining. __ ... 1926 = 100 117 4 99 3 86 4 90 5 Distribution 1926=100.. 90.5 88.8 86.9 86.1 Carloadmgs ... _ 1926 = 100 62.6 59 8 60 1 58 4 Exports (volume) 1926 = 100.. 67. 6 66.4 47.3 47. 5 Imports (volume) - 1926=100 71 6 67 5 70 6 59 8 Trade employment _. 1926= 100.. 113.9 113.7 113.4 111.6 A gricultural marketing 1926 = 100. _ 70.5 62.3 83.8 59. 1 Grain marketings 1926 = 100 70 0 87 4 59 5 56 6 Livestock marketings 1926 = 100.. 72.5 67.4 74.5 70.3 Commodity prices: Cost of living index t 1926=100 77.9 79 8 79 9 79 5 Wholesale price index 1926 = 100 67 9 65 0 64 7 64 0 .Employment, total (first of month). 1926 = 100.. 90.4 86.7 84.7 83.2 Construction and maintenance ... 1926 =100.. 97.0 84.3 77.9 67.6 Manufacturing . 1926=100 86 7 84 1 81 7 80 3 Mining.... 1926=100.. 98.2 105.8 101. 2 99. 9 Service ... 1926 = 100.. 108.1 109. 8 106. 5 103.7 Trade ... . 1926=100 115 0 114 5 115 4 117 8 Transportation . .. 1926=100 82.7 87.2 84.5 83*9 a Revised. * New series. For earlier data see p. 18 of the February 1933 issue. § Data revised for 1932. For revisions see p. 55 of the June 1933 issue. t Data revised for 1932-33. Revisions for 1932, see p. 55 of the November 1933 issue. 68. 1 62, 2 25 2 131.6 62.2 63.4 80 5 84. 3 56 1 56.6 59 4 111.5 56.1 52 5 71.9 67.0 60.9 20 3 136. 1 58.7 59.8 94 2 83.8 57 9 49.6 50 8 110.9 76.5 75 9 79.4 68.4 62.5 16 1 134.4 62.7 60.7 91 4 84.8 61 8 51. 1 50 0 110.5 129. 0 140 2 77.8 69. 8 65.1 20 6 134.9 67.0 63.7 81 9 82.9 59 4 47.9 44 2 110.1 104. 1 109 7 79.2 79 1 63 9 78. 5 58.5 74 4 96.9 102.2 119 6 78 4 63 6 77.0 56.2 75 0 94.0 104. 2 109 4 75 0 77 8 64 4 76.9 56.5 75 8 94. 6 102.9 107 3 78 1 65 4 76.0 54.7 76 0 91.4 102.5 107 6 78 2 74 1 74 9. 76.4 72.7 14 1 138. 9 77.4 75.7 a 97 § 86.7 62 9 66.6 54 8 110. 3 95.4 98 3 82.5 '770 66 9 77.6 60.8 76 8 89.9 99.9 108 6 7S 0 82.2 79.8 19 6 149.0 85.7 79.2 a 99 0 88.9 66 8 65.3 56 7 112.2 221.9 252 5 84.8 77 0 c- f 80.7 67.8 on n 91.4 106.2 109 1 70 n 84.1 82.6 34 0 160.7 88.2 87.0 a 81 0 88.4 g9 Q 71.5 59 7 111.9 136.3 148 5 81.2 7" 2 70 ^i 84.5 78.2 oq n 93.1 111.5 m «n o ^ 89.8 89.5 25 5 168.0 96.9 94.0 a gy Q 90.5 67 9 65.1 65 0 112.7 197. 2 224 6 74.5 78 6 69 ^ 87. 1 88.4 85 2 97.4 111.8K a m «1 9 90.8 90.2 9(5 9 148. 9 97. 0 88.0 a J£)g g 92.6 63 9 85.8 70 ^ 114.8 101.1 106 ° 78.0 a yg g 68 9 88.5 88.4 86 8 100.4 113.8 1118 89 ^ 56 SURVEY OF CURRENT BUSINESS 1932 Monthly statistics through December 1931, 1933 together with explanatory footnotes and refer~ ences to the sources of the data, may be found Decem- January Februin the 1932 Annual Supplement to the Survey October October November ber ary December 1933 1933 March April May June July August September CANADIAN STATISTICS—Continued Finance: Banking: Bank debits mills, of dolls Exchange. (See Finance.) Interest rates 1926= 100. _ Commercial failures* number Life insurance, sales of ordinary life (14 cos.)t thous. of dolls. _ Security issues and prices: New bond issues, total thous. of dolls__ Corporation thous. of dolls. . Dominion and provincial thous. of dolls__ Municipal thous. of dolls. . Railways thous. of dolls. Bond yields percent _ . Common stock prices, total 1926=100__ Banks 1926=100-. Industrials 1926=100 Utilities 1926= 100- _ Foreign trade: Exports thous. of dolls Imports thous. of dolls Exports, volume: Automobiles. (See Transportation Equip.) Newsprint. (See Paper and Paper Products.) Wheat thous. of b u _ _ Wheat flour _ thous. of bbl Trade with U.S. (See Foreign Trade.) 2 823 2 367 2 466 2 085 1, 969 1 830 1,887 1,877 2 650 2 982 3 528 2 649 2 457 94.6 98.1 102.3 102.7 99.2 98.7 100.0 101.3 98.1 97.1 96.7 95.0 95.8 199 229 196 216 214 192 184 175 158 142 150 155 31,472 29, 858 34, 003 33, 483 29, 367 26, 323 29, 763 29, 770 30, 497 32, 398 30, 255 27, 263 25, 381 225, 759 90 106, 046 125 45, 094 825 178 0 19, 987 0 425 0 731 625 10, 707 0 11, 173 485 122, 892 1,110 74, 958 0 94, 790 500 486 0 225, 000 669 0 4.53 70.4 70.9 100 1 45.9 104, 275 1,646 0 4.70 54.8 74.4 63. 1 49. 1 35, 000 9,269 0 4.90 53. 4 69. 6 62.5 46.6 0 178 0 4.92 51.3 67.5 58.4 45.1 19, 000 987 0 4.75 51.6 67.5 59.6 44.6 0 425 0 4.73 47.6 65.5 56.3 38.6 0 106 0 4.79 47.3 62.3 57.3 38.2 0 10, 707 0 4.85 51.9 59.8 67.5 38.5 7,815 2,873 0 4.70 63.7 64.6 85.8 47.2 117,474 4,308 0 4.65 74.7 72.7 103.6 53.8 68, 350 5,608 1,000 4.63 83.3 79.6 118.3 58.5 80, 000 14, 290 0 4.55 78.7 75.2 113. 3 53.9 0 486 0 4,59 78.4 74.0 115. 1 50.7 60, 760 41, 126 57, 160 37, 095 46, 621 37, 769 43, 109 28, 961 32, 000 24. 441 26, 814 23, 514 37, 161 32, 851 20, 312 20, 457 46, 109 32, 927 46, 472 33, 619 51, 866 35, 738 45, 135 38, 747 58, 329 38, 698 23, 306 514 40, 192 529 27, 302 577 27, 736 492 14, 707 397 10, 922 333 14,816 490 4,460 234 21, 465 565 16, 999 545 16, 374 493 8,653 480 19, 666 553 Railway statistics: Carloadings _ _ _ _ - - -thous. of cars. Financial results: Operating revenues thous. of dolls ._ Operating expenses thous. of dolls Operating income thous of dolls Operating results: Freight carried 1 mile mills of tons Passengers carried 1 mile mills, of passengers Commodity statistics: Production: Automobiles. (See Transportation Equip.) Electrical energy, central stations mills, of kw-hrs-Pig iron _ _ _ _ _ -thous. of long tons _ Steel ingots and castings thous. of long tons.. Livestock, inspected slaughter: Cattle and calves thous. of animals. . Swine thous. of animals Sheep and lambs thous. of animals .. Newsprint. (See Paper and Paper Products.) Silver. (See Finance.) Wheat, visible supply. (See Foodstuffs.) Wheat flour thous. of bbl__ 222 1,617 27 212 193 153 134 133 157 138 161 176 163 186 202 28, 190 20, 839 6,385 24, 276 19, 308 4,057 21, 902 19, 434 1,904 17, 643 18, 528 d 1, 813 16, 788 17, 881 d 2,073 20, 612 19, 161 19, 530 18, 072 351 21, 447 19, 298 1,136 24, 310 20, 344 3,071 23, 713 20, 709 2,103 23, 730 21, 144 1,679 25, 872 19, 829 5,111 2 607 2, 181 1,740 1,388 1,302 1,712 1,413 1,529 2,133 1,735 1,752 2,103 96 90 130 95 88 97 105 100 141 145 145 136 1,390 7 1,448 14 1,433 27 1,397 29 1,300 6 1,371 0 1,295 0 1,349 0 1,371 1 1,443 32 1,508 35 1,489 31 520 48 17 37 31 41 12 11 12 23 32 49 49 38 108 235 182 78 189 148 80 250 119 60 268 49 71 247 49 65 220 36 89 250 42 97 232 30 116 279 30 91 235 56 88 191 72 99 187 101 101 195 148 1,651 1,722 1,943 1,010 859 845 1,005 1, 013 1,334 1,186 1,323 1,444 1,393 d * New series. For earlier data see p. 20 of the October 1933 issue. Deficit, t Figures published January 1932 to date not comparable with data in the Annual Supplement. Since the publication of the 1932 Annual Supplement, many series have been added to or dropped from the Survey in the regular semiannual revisions that have been made with the June and December issues. A record of the changes made in the December 1932 and June 1933 issues may be found on p. 56 of each monthly number from June 1933 to November 1933, inclusive. These have been dropped from the current issue since sufficient space is not available to show them. Changes in the statistical series which have been made in the current issue are listed below. CHANGES IN STATISTICAL SERIES MADE SINCE PUBLICATION OF THE 1932 ANNUAL SUPPLEMENT DATA ADDED page Purchasing power of the dollar Highway construction under the National Industrial Recovery Act Home Loan Bank, loans outstanding H. L. Green Co., Inc., stores and sales Pittsburgh employment index Pittsburgh pay-roll index Construction wage rates (E.N.R.) Reconstruction Finance Corporation, loans outstanding Cellulose plastic products, production and shipments of nitro cellulose and cellulose acetate sheets, rods, and tubes U.S. Steel Corp., shipments of finished products.. Paper board, production and shipments 24 25 25 26 28 29 30 32 38 47 50 DATA DROPPED Page New orders index 23 Unfilled orders index 23 Federal-aid highway, work approved for construction and balance of Federal-aid funds available for new construction (new work now paid for by funds appropriated under N.I.R.A.) 25 Building cost index of electric light and power construction (Rickey} 25 Building material costs, frame and brick house 25 F. and W. Grand stores and sales (merged with H. L. Green Co., Inc.) 26 Isaac Silver & Bros, stores and sales (merged with II. L. Green Co., Inc.) 26 Explosives, production, shipments, and stocks 36 Animal glues, production and stocks 36 O DATA DROPPED—Continued p& g Pyroxylin products production and shipments of sheets, rods, and tubes Gray iron castings, orders, production, receipts, and stocks Plumbers woodwork, orders, shipments, and stocks U.S. Steel Corp., unfilled orders Fabricated structural steel, orders and shipments with percent of capacity Electric hoists, orders and shipments Illuminating glassware, percent of full operation of orders, production and shipments Carded sales yarn, all series 38 45 46 47 47 47 52 53 INDEX TO MONTHLY BUSINESS STATISTICS Page Abrasive paper and cloth 50 Acceptances, bankers' 30 Accessories, automobile 54 Advertising, magazine, newspaper, radio 25,26 Africa, United States trade with 34 Agricultural wages, loans 30 Air-conditioning equipment 47 Air mail , 26 Airplanes 35, 54 Alcohol, denatured, ethyl, methanol 36 Aluminum ._ 48 Animal fats, greases 37 Anthracite industry 22,29,42 Apparel, wearing 29, 52 Argentina, United States trade with; exchange; ilaxseed stocks 32,34,38 Asia, United States trade with 34 Asphalt 43 Automobiles _ _ _ 22,27,28,29,54 Babbitt metal 48 Bank suspensions 31 Barley 40 Bathroom fixtures 46 Beef and veal 41 Bituminous coal _ 22,28,29,42 Boiler and boiler fittings 46 Bonds, prices, sales, value, yields . 33 Book publication _ 50 Boxes, paper, shipping 50 Brass 49 Brazil, coffee; exchange; United States trade with 32,34,41 Brick_ 52 Brokers' loans . 30 Bronze 49 Building contracts awarded 24,25 Building costs 25 Building materials 24,44,46,47 ; Business activity index (Annalist) 22 Business failures ; . 31 Butter 39 Canadian statistics 55,56 Candy _._ 42 Canal traffic . 35 Capital issues 32,33 Carloadings 22,35 Cattle and calves 41 Cellulose plastic products 38 Cement__ ._ _ 22,27,29,52 Chain-store sales 26, 27 Cheese 39 Chile, exchange; United States trade with... 32,34 Cigars and cigarettes 42 Civil-service employees _ 28 Clay products... 23,24,27,28,29,52 Clothing 24,25,27,28,29,52 Coal.. 22,28,29,42 Cocoa _ __ 41 Coffee 23,41 Coke 43 Collections, electrical trade 26 Commercial paper . 30 Communications 36 Construction: Contracts awarded, indexes 24 Costs.. , 25 Highways , 25 Wage rates 30 Copper . 48 Copper wire cloth 49 Copra and coconut oil 37 Corn , 40 Cost-of-iiving index 23 Cotton, raw and manufactures „_ 23,52 Cottonseed, cake and meal, oil « 37 Crops 23,38,39,40,53 Dairy products 23,39 Debits, bank 30 Debt, United States Government 32 Delaware, employment, pay rolls 28,29 Department-store sales and stocks 27 Deposits, b a n k _ _ 30,31 Disputes, labor 29 Dividend payments 33 Douglas fir 45 Earnings, factory „ 29,30 Eggs. A 23,41 Electric power, production, sales, revenues.. 22,38 Electrical energy, consumption index 22,23 Electrical equipment 49 Electric railways . 35 Employment: Cities and States _ 28 Factory, Federal Reserve Board indexes-« 27,28 Nonmanufacturing . 28 Miscellaneous data 28 Emigration 35 Enameled ware 46 Engineering construction 25 England, exchange; United States trade with. 32,34 Exchange rates, foreign 31 Expenditures, United States Government 32 Explosives 36 Exports-. 34 Factory employment, pay rolls, operations., 27, 28,29,30 Page Factory operations, proportion of full time worked 28 Failures, bank; commercial 31 Fairchild retail price index 24 Fares, street railways 35 Farm employees . 28 Farm prices, index __ 23 Federal Government, finances 32 Federal-aid highways . 25,28 Federal Reserve banks, condition of 30 Federal Reserve member bank statistics 30 Fertilizers 36 Fire-extinguishing equipment 54 Fire losses 25 Fish and fish oils 37,42 Flaxseed 38 Flooring, oak, maple, beech, and birch 44 Flour, wheat 40 Food products 22,23,27,28,29,39,40,41,42 Footwear 44,51 Foreign trade, indexes, values „ 34 Foundry equipment . „ 47 France, exchange; United States trade with. 32,34 Freight cars (equipment) 27,54,55 Freight car loadings, cars, indexes 35 Freight-car surplus 35 Fruits 23,39 Fuel equipment 48 Fuels 42,43 Furniture 45, 47 Gas, customers, sales, revenues 39 Gas and fuel oils 43 Gasoline 43 General Motors sales 54 Glass and glassware. 22,27,28,29,52 Gloves and mittens 44 Gold 32 Goods in warehouses 26 Grains. . 23,24,40 Gypsum. . 52 Hardwoods ,__ 44,45 Heels, rubber___ 51 Hides and skins ,__ 44 Hogs „ 41,44 Home Loan Bank, loans outstanding. _. 25 Hosiery „ 52 Hotels _ _ „ _ 28,29,35 Housing 23, 25 Illinois, employees, factory earnings 28, 29,30 Imports 34 Income-tax receipts 32 Incorporations, business „ 26 Industrial production, indexes 22 Installment sales, New England 27 Insurance, life 31 Interest payments 33 Interest rates 30 Investments, Federal Reserve member banks 30 Iron, ore; crude; manufactures . 22, 46 Italy, exchange; United States trade with 32,34 Japan, exchange; United States trade with__ 32,34 Kerosene 43 Labor turnover, disputes 29 Lamb and mutton , 41, 44 Lard 41 Lead 48 Leather 22,23,24,25,26,27,28,29,44 Leather, artificial . 54 Liberty bonds 33 Linseed oil, cake, and meal 38 Livestock 23,40,41,44 Loans, agricultural, brokers', t i m e _ _ _ , 25,30 Locomotives 55 Looms, woolen, activity _ _ S3 L ubricating oil 43 Lumber 22,23,24,27,28,29,44,45 Lumber yards, sales, stocks . 44 Machine activity, cotton, silk, wool___ __ 53 Machinery _" 25,26,27,28,29,34,47,48 Machine tools, ord_e.rs, shipments , 43 Magazine advertising 25,26 Manufacturing indexes 22 Marketings, agricultural, forest products 23 Maryland, employment, pay rolls 28,29 Massachusetts, employment, pay rolls 28, 29 Meats 40,41 Metals 22, 23, 27, 28, 29, 45, 46, 47, 48, 49 Methanol 36 Mexico: Petroleum production and exports .. 43 Silver production 32 United States trade with 34 Milk 39 Minerals 22,42,43,48,49 Money in circulation 32 National Industrial Recovery Act, highway construction 25 Naval stores 23,37 Netherlands, exchange . 32 New Jersey, employment, pay rolls 28,29 Newsprint 50 New York, employment, pay rolls, canal traffic 28,29,35 New York Stock Exchange.. 30,33 Notes in circulation . 30 Oats 40 Oceania; United States trade with _„ 34 Pagt Ohio employment.^ . 28 Ohio River traffic., . 35 Oils and fats _ 37,38 Oleomargarine 37,38 Painfes 38 Passengers, street railways; Pullman 35,36 Passports issued 35 Paper and pulp _ _ . 22,23,24,27,28,29,49,50 Pay rolls: Factory, Federal Reserve Board 29 Factory, by cities and States 29 Nonmanufacturing industries 29 Pennsylvania, employment, pay rolls 28, 29 Petroleum and products _. 22,27,28,29,43 Pig iron ._ __ 22,46 Pork _ 41 Postal business 26 Postal savings . . 31 Poultry. . _ _ _. 23,41 Prices: Cost of living, indexes 23 Farm, inde Kes 23 Retail, indexes 23,24 Wholesale, indexes 24 World, foodstuffs and raw material 24 Printing 50 Production, industrial 22 Profits, corporation 33 Public finance 32 Public utilities... 28, 29, 34,35,38,39 Pullman Co 36 Pumps 48 Purchasing power of the dollar 24 Radiators 46 Radio, advertising 25 Railroads; operations; equipment; financial statistics._.. 35, 54, 55 Railways, street , 35 Rayon _ 53 Real-estate market activity 25 Reconstruction Finance Corporation, loans outstanding 32 Registrations, automobiles 54 Rents, index _„ 23 Retail trade: Chain stores: 5-and-10... 26,27 Grocery 27 Restaurant 27 Department stores 27 Mail order 27 Roofing 38 Rice 40 Rubber, crude; scrap; clothing; footwear; tires 22,23,24,27,28,29,51 Rye 40 Sanitary ware 46, 47 Savings deposits 30,31 Sheep and lambs 41 Shoes _ _ _ 22,24,25,26,27,28,29,44 Shipbuilding . 22,27,28,29,55 Silk 23,53 Silver _ _ _ _ _ . 22,32 Skins 44 Softwoods 45 Spain, exchange 32 Spindle activity, cotton 53 Steel, crude; manufactures 22,47 S tockholders 34 Stock indexes, domestic and world 23 Stocks, department stores 27 Stocks, issues, prices, sales, yields 33,34 Stone, clay and glass products 22,23,28,52 Sugar 23,42 Sulphur 36 Sulphuric acid 36 Superphosphate 36 Tea 23,42 Telephones and telegraphs 36 Terneplate 47 Terra cotta__ 52 Textiles, miscellaneous products 54 Tile 52 Timber 45 Tin and terne plate 23,47,48 Tires _ _ 22,24,27,28,29,51 Tobacco 22,25,26,27,28,29,42 Tools, machine 48 Trade-unions, employment 28 Travel 35,36 Trucks and tractors, industrial electric 55 United Kingdom, exchange; United States trade with 32,34 Uruguay, exchange 32 United States Steel Corporation 30,34,47 Utilities 28,29,34,35,38,39,54,55 Vegetable oils 37,38 Vegetables 23,39 Wages 29,30 Warehouses, space occupied 26 Waterway traffic 35 Wheat and flour 23,40 Wholesale prices 24 Wisconsin, employment; payrolls 28,29 Wood pulp _._ ._ 49,50 Wool. 22,23,53 Zinc _ 22,49 An Indispensable Source and Reference Book STATISTICAL ABSTRACT OF THE UNITED STATES 1933 FOR BUSINESS AND FINANCIAL MEN, EDITORS ECONOMISTS, AND STUDENTS Companion piece to the Survey of Current Business—is a source book for almost any statistical fact presented by the Government and should be in the hands of all business men and others engaged in the cooperative effort to reestablish American business on a sounder foundation. AREA AND POPULATION POSTAL AND COMMUNICATION SERVICES ELECTRIC AND OTHER POWER EDUCATION TRANSPORTATION PUBLIC LANDS AND PARKS FOREIGN COMMERCE ARMY, NAVY AND CIVIL SERVICE AGRICULTURE IRRIGATION AND DRAINAGE FISHERIES FINANCE MONEY AND BANKING FORESTS AND FOREST PRODUCTS PRICES MANUFACTURES MINING AND MINING PRODUCTS Price $1.25 55th annual edition— 786 pagesbuckram bound. For sale by the Superintendent of Documents United States Government Printing Office Washington, D.C. or any district office of the Department of Commerce B . f . GOVERNMENT P R I N T I N G OFFIC