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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




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STATISTICAL ABSTRACT
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1933
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