Full text of Survey of Current Business : July 1932
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JULY, 1932 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE V O L U M E 12 NUMBER 7 CLEARING HOUSE OF BUSINESS STATISTICS Major facts gathered from many sources and presented regularly in the Survey of Current Business afford a complete digest of business movements, an essential background for evaluating current trends and formulating business policies. Over 200 organizations contribute the basic statistics presented regularly in this publication. GOVERNMENTAL TRADE TECHNICAL PRIVATE AGENCIES ASSOCIATIONS PUBLICATIONS (ORGANIZATIONS 42 95. 32 39 OF OVER 2iOO DATA ASSEMBLED MONTHLY 18 PAGES OF CHARTS AND ANALYTICAL COMMENT TOGETHER WITH 37 PAGES OF STATISTICAL DATA. OF CURRENT STATISTICAL UNDER ONE COVER WEEKLY A 4 PAGE SUPPLEMENT OF WEEKLY STATISTICS AND CHARTS, AND ADVANCE MONTHLY STATISTICS. A PRESS RELEASE REVIEWING BUSINESS DEVELOPMENTS. ANNUALLY A 3O6 PAGE SUPPLEMENT GIVING THE SAME SERIES AS THE MONTHLY NUMBERS BACK TO 1913,WHERE AVAILABLE, WITH EXPLANATORY FOOTNOTES. EXECUTIVES STATISTICIANS BANKERS PURCHASING AGENTS ECO NO MISTS SALES PUBLICISTS TRAFFIC MANAGERS STUDENTS ADVERTISING AGENTS MANAGERS J U L Y , 1932 V o l u m e 12 Number 7 W E E K L Y D A T A T H R O U G H J U N E 25, 1932 MONTHLY DATA THROUGH MAY SURVEY OF CURRENT BUSINESS PUBLISHED BY UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON CONTENTS SUMMARIES AND CHARTS Business indicators Business situation summarized Comparison of principal data, 1928 to 1932 Commodity prices Domestic trade Employment Page 2 3 4 5 6 7 Finance: Credit and banking Security and money markets Foreign trade Real estate and construction Transportation 8 9 10 11 12 Survey of individual industries: Automobiles and rubber Chemicals Farm and food products Forest products Iron and steel Textiles Miscellaneous industries 13 14 15 16 17 18 19 STATISTICAL DATA Weekly business indicators, 1931-1932 Weekly business statistics 20 21 STATISTICAL DATA—Continued Page Monthly business statistics: 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 34 Statistics on individual industries: Chemicals and allied products 36 Electric power and gas 38 Foodstuffs and tobacco 39 Fuels and by-products 42 Leather and products 43 Lumber and manufactures 44 Metals and manufactures: Iron and steel 45 Machinery and apparatus 48 Nonferrous metals and products 48 Paper and printing 50 Rubber and products 51 Stone, clay, and glass products 52 Textile products 52 Transportation equipment 54 Canadian statistics 55 Index Inside back cover Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year which includes the 12 monthly numbers, the annual supplement and the 52 weekly supplements. Foreign subscriptions without weekly supplements, 32.50. 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. Postage stamps or foreign money not accepted 126591—32 1 SURVEY OF CURRENT BUSINESS Business Indicators 1923-1925 = 100 160 INDUSTRIAL PRODUCTION INDUSTRIAL PRODUCTION I f MANUFACTURES (ADJUSTED) ( ^^ ' ^MINERALS (ADJUSTED) ° 160 100 4Q I ! I H 1 1 40 160 FACTORY EMPLOYMENT FACTORY PAYROLLS { 60 fUNA DJUSTED ^T^W\J- 1 40 160 TOTAL FREIGHT CAR LOADINGS s~^-\ II 1 1 1 1 ! 1! I 1 2^r ""•s. i i m lI t i l l ! FREIGHT CAR LOADINGS L.C.L. 160 SUNADJLISTED \(ADJUSTED ° 100 100 * 40 200 DEPARTMENT STORE SALES WHOLESALE PRICES VALUE OF EXPORTS VALUE OF IMPORTS 100 sUNAD JUSTED 100 ^S_AA- 1 1 ! 1 1 1 1 1 ! 1 1 BANK DEBITS OUTSIDE NEW YORK CITY 200] 200 ""^ i i M 1 1 i i ii 1 1 1 1 n il i n 1 1 1 1 1 II 1 ! 1 1 1 1 — BUILDING CONTRACTS AWARDED - UNADJUSTED 100 1928 1929 1930 ADJUSTED FOR SEASONAL 1931 I'AR/ATION 1932 1928 1929 1930 ! 193! 1932 SURVEY OF CURRENT BUSINESS July, 1932 Business Situation Summarized activity again receded in M ANUFACTURING May, but at a less rapid rate than in the two preceding months, and increases occurred in the output of automobiles, cement, food products, lumber, and tobacco manufactures. Total industrial production, without allowance for seasonal influences, declined 3.2 per cent, as a result of a drop of 14 per cent in mineral output and of 1.6 per cent in manufacturing production. The decline in the output of coal was the major factor in the fall of the minerals index, although losses also occurred in the output of petroleum, zinc, and silver. Industrial production normally increases slightly from April to May, so that the drop in the adjusted production index was somewhat greater than the loss in actual output. During the first three weeks of June no improvement has occurred, and there has been some further recession in several important industries. Automobile production has continued upward during the current month. Distribution indexes also show some further shrinkage in consumer purchasing in May and the first half of June. The rail movement of merchandise has undergone a further reduction, and loadings of lessthan-car-lot merchandise declined after holding steady for the first four months of the year. Retail sales declined during May, with department store sales following the trend, whereas in the preceding month they made a relatively better showing. Returns for May afford no indication of a change in the trend of our foreign trade. Exports dropped by more than the usual seasonal amount, while imports were sharply lower. Continued recession in business activity is reflected in a further loss in employment and pay rolls during May. After allowing for seasonal influences, factory employment dropped 3 per cent, and the unadjusted index of pay rolls was off 5 per cent. The trend in nonmanufacturing industries was also downward, although earnings in the quarrying and nonmetallic mining, cleaning and dyeing, crude petroleum, power, light and water, and wholesale trade groups increased. Construction activity expanded in May and the daily average volume of contracts awarded was 24 per cent above the preceding month. The increase was the result of a gain in public works and utility construction, as the daily average of residential contracts declined to a new low level at a rate of only about $1,000,000. Daily average contracts awarded during the first three weeks of the current month dropped considerably below the May level. Security prices receded further in May, but during the current month the decline has slackened and the turnover in recent sessions has been very light. The gold outflow, which was extremely rapid during May, slowed appreciably in June, and during the third week of the month we had a net gain of gold on balance. Reserve banks have made continued heavy purchases of Government securities, but this action has not yet been reflected in an expansion of member bank loans. 5 3 v Year and month y a <8 ~ ! H Adjusted * ^, | A-M &? ^to ! a S Merchandise, l.c.l. Total | 23 1 *5 «- « *1 j |•«• S£ a a 1 a«8 i &1 «4n -M « 03 O ix i 1 <n ^ a GO rt a P 0 to f a & 3 1 fa p 3 In £ f I o 1a Monthly average 1926-100 Monthly average 1923-1925- 100 1930: May __ 1931: May June _ _ _ _ July ._ August September October November December 1932: 7 anuary Februarv __ March April May . C um ulat i v e , J anuar y through May: 1930 l ' v-; i i!Kl? Wholesale price indei, 784 commodities B? Unadjusted i DepartmentForeign ! store sales, trade, value, 1 value adjusted 2 Freight-car loadings Building contracts, all types, value, adjusted' Factory employment and pay rolls Industrial production Bank debits outside New York City 1 MONTHLY BUSINESS INDEXES 105 106 102 101 104 91.4 94.4 97 96 101 98 105 105 90 86 123.6 105 88.8 89 83 80 78 77 75 73 68 90 82 79 77 76 72 66 84 85 85 82 82 92 84 80 87 83 82 78 76 73 73 ! 74 86 82 82 78 75 71 71 73 87 86 86 79 77 84 81 85 77.8 76.0 75.1 74.1 72.8 70.3 69.3 69.4 72.2 67.6 64.4 64.3 61.8 59.4 56.2 55.8 79 77 78 76 78 78 70 61 79 77 76 72 69 69 68 69 92 89 87 86 88 87 85 77 89 89 88 86 85 83 83 83 97 90 65 67 87 93 95 142 97 95 91 88 84 86 83 81 57 55 54 47 45 44 44 46 55 57 59 54 56 51 46 48 95.6 98.4 93.5 83.8 84.3 91.9 74.0 86.7 65 63 61 59 59 55 49 38 73.2 72. 1 72.0 72. 1 71.2 70. 3 70.2 68.6 71 71 68 64 62 70 70 66 63 62 74 75 77 72 62 72 70 67 64 61 71 68 64 61 SO 77 78 84 79 68.1 67.8 66. 4 64.3 62. 2 52.4 53.6 52.3 48.7 46.3 58 59 58 57 53 65 62 61 59 54 75 75 75 75 74 81 78 75 73 7i 64 64 70 76 74 78 78 72 80 74 39 45 41 38 37 42 41 37 36 34 80.6 65.2 69.6 72.8 63.4 31 27 26 27 36 67.3 66. 3 •i 66. 0> 65.5 64.4 107 88 6G 100 84 93.2 78 n 96. 4 72 5 50. (5 92 76 57 97 62 40 88 122.6 56 98. 0 SS : 70. 3 101 73 27 90.6 75.8 65,9 106 87 67 : 1 102 64 ! firi Adjusted for number of working days. S I 99 88 75 97 90 70 4 Adjusted for seasonal variation. i j SURVEY OF CURRENT BUSINESS July, 1932 Comparison of Principal Data, 1928 to 1932 FIRST S MONTHS V/////////A BANK DEBITS OUTSIDE NEW YORK CITY - REMAINDER OF YEAR (BILLIONS OF DOLLARS) CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS] STEEL INGOT PRODUCTION -(MILLIONS OF JONS) AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS) FREIGHT CAR LOADINGS - (MILLIONS OF CARS) 10 20 30 40 Y////////^ '///////////////////(//A 50 SURVEY OF CURRENT BUSINESS July, 1932 Commodity Prices low levels of commodity prices were reached NEW in May and declines in farm prices and retail prices of foods were general. About one-half of the commodities included in the wholesale price index showed a firm undertone, and 10 per cent showed moderate advances, but losses for the remaining 40 per cent caused the combined index to fall to the lowest level reached in 20 years. Some further declines have occurred during the current month. Wholesale commodity prices declined 1.7 per cent in May, the sharpest monthly drop since January, and reached a lower level than at any time since July, 1911. Weakness in livestock prices, the index of which fell 10 per cent, and declines of 3 to 4 per cent in grains and other agricultural commodities, caused prices of farm products to average 5.3 per cent lower in May than in April. Prices of foods declined 2.8 per cent as a result of a 5.6 per cent fall in meat prices and 3.3 per cent in prices of butter, cheese, and milk. A further drop of 13 per cent in hides and skins, which have fallen nearly two-thirds since 1926, and a 10 per cent decline in prices of leather more than offset steady prices of boots and shoes, and caused the hides and leather products group to decline 3.4 per cent. Prices of silk arid rayon fell 7 per cent and those of cotton goods 4 per cent. Other price drops ranging from 1 to 3 per cent include knit goods, woolen and worsted goods, coke, nonferrous metals, brick and tile, paint and paint materials, and mixed fertilizers. Although rubber and petroleum prices are still extremely low, in May they advanced 1.5 per cent and 3.7 per cent, respectively. Retail prices of foods continued to decline and on May 15, 1932, averaged 2.9 per cent lower than on the corresponding date in April. Of the 42 articles on which quotations are regularly received, prices of 31 were lower on May 15 than on April 15, 4 were higher, and 7 were unchanged. The greatest drop occurred in prices of onions, 35 per cent, while the sharpest rise was in the price of potatoes, 6 per cent. Prices of sugar bacon, canned salmon, plate beef, lard, butter, pork and beans, and pork chops declined 4 to 7 per cent. Farm prices fell 5 per cent in May, and on the 15th of the month reached the lowest level on record. As a result of seasonal rises, prices of fruits and vegetables advanced 2.5 per cent. Prices of meat animals and cotton and cottonseed fell the most, 11 per cent, and 9 per cent, respectively. Dairy products prices declined 6 per cent. The quarterly index of prices paid by farmers for the commodities they buy declined 4 per cent from December, 1931, to March, 1932; the index is, however, still 14 per cent higher than the 1910-1914 average. y Economic classes s* 3 K-i 3 •H 1 "ft 1 is 1 S3 «e a <u Ifs 5 J3 S a 1 fc o w I £ & vO Year and month Groups GO «**"32 £« 5! 3 •e o si to S3 £M It V *• 0* U) W) fl 1 ! J ace j« 1 "5 &e K jd M •d s e«3 ii js&C 1 ! 1 1 1 £S S 1 •+j 1 •d s 1tt "?! "S n 42 3s s 42V 3 *d0 o> (« or a a w 0 ffl 3 « & 1 3 ! X 1a ee 1 Mo. Mo. Mo. average average to average 1923= 1909 19131914= 100 100 100 Monthly average 1926=100 1930- May 1931: May June July _. August September October _ _. _ November.. _ December 1932: January February March April May Monthly average, January through May: 1930 1931 1933 _1 Department of Labor. Cost of living 2 1 Eetail foods i Wholesale i Farm, combined index, 27 commodities 3 ij INDEXES OF COMMODITY PRICES 88.8 90.1 87.8 83.1 87.3 92.4 90.2 93.5 93.5 83.4 80.4 97.2 124 150 73.2 72.1 72.0 72.1 71.2 70.3 70.2 68.6 76.9 76.0 76.1 76.4 75.9 75.1 74.8 73.3 66.5 64.7 64.3 64.1 62.7 61.5 62.0 60.2 69.8 67.1 69.3 65.4 69.3 64.9 68.3 63.5 66.7 60.5 65.2 58.8 64.9 ! 58.7 63.7 55.7 73.8 75.1 73.3 74.1 74.0 73.9 74.6 74.2 73.7 73.9 73.3 72.9 71.0 73.5 69.1 72.3 80.0 79.3 78.1 77.6 77.0 76.1 76.2 75.7 80.5 65.3 79.4 62.9 78.9 62.9 76.9 66.5 76.3 67.4 75.6 67.8 76.1 69.4 76.1 68.3 87.6 88.0 89.4 88.7 85.0 82.5 81.6 79.8 86.8 86.4 85.7 84.9 82.7 81.0 80.9 78.5 85.0 84.4 84.3 83.9 83.9 82.8 82.6 82.2 67.4 66.6 66.5 65.5 64.5 63.0 62.2 60.8 70.5 69.7 69.7 68.3 68.2 66.6 68.7 66.8 86.9 85.9 85.9 85.9 85.6 84.9 83.9 83.1 86 80 79 75 72 68 71 66 121 118 119 120 119 119 117 114 67.3 66.3 66.0 65.5 64.4 72.1 71.4 71.5 71.1 70. 3 58.3 56.9 56.1 55.5 53.9 63.1 61.9 60.8 59.6 58.1 52.8 50.6 50.2 49.2 46.6 64.7 62.5 62.3 61.0 59.3 71.7 71.3 70.9 70.9 70.4 74.8 73.4 73.2 72.5 71.5 75.7 75.5 75.3 74.4 73.6 67.9 68.3 67.9 70.2 70.7 79.3 78.3 77.3 75.0 72.5 77.7 77.5 77.1 76.3 74.8 81.8 80.9 80.8 80.3 80.1 59.9 59.8 58.7 57.0 55.6 65.6 64.7 64.7 64.7 64.4 81.4 80.1 79.6 78.8 63 60 61 59 56 109 105 105 104 101 90.6 91.1 90.5 87.4 75.8 l i 79.3 69.5 72.2 65.9 71.3 56.1 60.7 96.5 70.2 49.9 94.9 77.3 62.0 88.4 77.1 71.0 93.6 82.1 73.1 91.6 82.5 74.9 80.4 109.5 69.0 87.7 G9.0 76.5 93.6 87.8 76. 7 95.9 86.1 80.8 85.2 69.6 58.2 81.0 71.5 64. S 98.1 89.0 128 90 60 152 126 105 2 93.0 92.2 National Industrial Conference Board. 80.3 102.6 3 Department of Agriculture. 6 SURVEY OF CURRENT BUSINESS July, 1932 Domestic Trade of merchandise at wholesale and DISTRIBUTION retail has continued on a restricted scale, although Sales through other leading retail outlets for which statistics are available also declined during May. The dollar volume of sales through 36 chain-store companies was 11.8 per cent below a year ago, and for the five months were 11.3 per cent less than in the same months of 1931. The two leading mail-order houses reported May sales 3 per cent below April and 23 per cent below a year ago. Five-and-ten chain sales were only slightly less than in April, but a seasonal expansion is usual for this period and the adjusted index declined for the third successive month. Merchandise 1. c. 1. shipments, an important trade barometer, declined in May after holding steady for the first four months of the year. However, during this period the adjusted index has dropped 12 per cent, reflecting the absence of the usual spring expansion of trade. During the first two weeks of July merchandise 1. c. 1. loadings underwent a further contraction. Magazine and newspaper advertising held up well in May as a result of the intensification of sales efforts. Magazine lineage was about the same as in May, while newspaper advertising dropped off about 3 per cent. Expenditures on radio advertising were lower in May. Commercial failures remain high, but the total for May was below the level of April and March and in the first three weeks of June a further reduction has occurred. The liabilities involved in May insolvencies were the lowest since last December. June sales have felt some stimulus from the demand for seasonal merchandise, and individual lines have profited from the temporary stimulus afforded by the incidence of new fiscal levies on June 21. Buying generally continues for immediate needs, with stocks being held at a minimum. Available statistics on retail trade in May reveal a further contraction in consumer purchasing. Department-store sales, which moved upward during March and April, decreased in May, whereas there is usually a seasonal increase during the month. Sales for the month were 24 per cent below a year ago and for the first five months the decline from the 1931 level was 22 per cent. The dollar figures indicate that during the first half of the current year there has been a shrinkage in the volume of sales through these outlets. In 1931 the decline in department-store sales of 11 per cent could be attributed largely to price recessions. So far during the current year the Fairchild retail price index of department-store items has dropped only 18 per cent in comparison with a decline of 22 per cent in dollar sales. By Federal reserve districts, the greatest declines were in Dallas, Chicago, and Cleveland, with losses ranging from 25 to 28 per cent. The eastern districts, New York, Philadelphia, and Richmond, showed the smallest relative declines, the lowest being the Richmond district with 18 per cent. DOMESTIC TRADE STATISTICS Year and month Departmentstore sales Freight-car Five-and-tenDepartment-a loadings, merceiit-store store stocks chandise,l.c.i. sales Unad- Adjust- justed 2 ed i Unad- Adjust~ justed 2 ed Unad- Adjust- justed ed J il Unad- Adjust- justed J ed Mailorder sales, 2 houses . .__ _ _ _ _ May Monthly average, January through May: 1930 1931 1932 1 Failures Advertising lineage i Business incorporaLiabil- Maga- News- 4tions, states ities zine paper ; N»r™- Thousands of dollars Monthly average, 1923-1925=100 1930: May 1931: May June July August September October November December 1932: January February March April. _ Commercial failures Postal receipts, 50 selected i cities ber Thou- Milsands lions of |of dolls. of lines lines Number 105 105 98 96 101 98 162 175 59, 350 31, 370 2,179 55, 541 3,055 100 97 90 65 67 87 93 95 142 97 95 91 88 84 86 83 81 85 80 75 76 84 88 89 73 83 82 81 79 81 80 79 78 92 89 87 86 88 87 85 77 89 89 88 86 85 83 83 83 156 148 140 143 142 169 148 279 168 162 149 160 156 152 147 144 50, 070 49, 480 45, 093 43, 004 45, 955 52, 280 45, 898 58, 821 27, 844 26, 442 24, 578 23, 389 26, 335 28, 618 25, 355 34, 966 2,248 53,371 1,993 51,656 1,983 60, 998 1,944 53, 025 1,936 47, 256 2,362 70, 660 2,195 60, 660 2,758 73, 213 2,364 2,191 1,613 1,316 1,603 1,911 1,882 1,626 89 80 67 67 77 88 82 77 i i 3, 096 3, 166 2, 867 2, 704 2, 453 2,846 2, 774 3, 012 64 64 70 76 74 78 78 72 80 74 67 69 72 72 75 73 70 70 75 75 75 75 74 81 78 75 73 71 115 121 138 134 133 155 156 146 141 137 31, 975 32, 581 33, 959 39, 745 38, 718 25, 312 24, 061 26, 677 24, 272 22, 621 3, 458 96, 860 2,732 84, 900 2, 951 93, 760 2,816 101,069 2,788 83, 764 1,138 1,469 1,677 1,777 1,776 68 64 72 71 ! 69 i 3,311 2,930 3,202 3, 072 2, 863 51,471 45, 207 35, 39G 31, 629 28, 571 24, 589 2,349 2, 623 2,949 2, 674 2,097 1, 567 94 i 83 69 i 3, 238 3, 163 3,076 97 90 99 88 75 96 84 70 Corrected to average daily sales. 2 142 142 J28 Adjusted for seasonal variation. J 54, 791 63, 768 92,071 End of month figures. 3,320 I ! SURVEY OF CURRENT BUSINESS July, 1932 Employment R EFLECTING the continued drifting of industry and trade to lower levels, employment in most lines of activity again declined in May. The drop was general, extending to all of the major classifications of factories with the exception of those processing food products, and to the mining industries and public utilities as well as retail trade. Pay rolls likewise were smaller and relatively the decline for all reporting industries was greater than the decline in employment. Factory employment, according to the Federal Reserve Boards unadjusted index, declined 4.1 per cent to approximately 61 per cent of the 1923-1925 level, while their index of pay rolls declined 5.1 per cent to an amount 54 per cent below the average during 1923-1925, Employment in manufacturing establishments usually shows a seasonal decline from April to May, but the decline this year was greater than the normal movement and the adjusted index registered a decline of 3.3 per cent. Of the 89 separate manufacturing industries from which the Bureau of Labor Statistics collects employment and pay-roll data, 13 showed increased employment and 20 increased earnings. The beet-sugar and ice cream industries, which are seasonally active, showed the largest relative gains in employment. Manufacturers of automobiles reported an increase of 1.4 per cent in employment and 14 per cent in pay rolls. The greatest decreases in employment were reported by the fertilizer, agricultural implement, millinery, cottonseed oil, steam fittings, silk goods, and machine tool industries. Nonmanufacturing industries reduced employment and pay rolls further in May. The most pronounced curtailment of employment took place in building construction, metalliferous mining, and canning and preserving industries. Employment in the anthracite mining industry declined 4.6, while pay rolls fell off 19 per cent. Increases in both employment and wage payments were recorded in the cleaning and dyeing, the nonmetallic mining, and the quarrying groups of industries. Wages paid common labor in road building declined slightly during May. The actual hours per week averaged by factory wage earners, which have been declining almost steadily for many months, reached a new low in May. In that month workers averaged 33.9 hours per week, 21 per cent less than a year earlier. Although the percentage of trade-union members reported as employed in May remained unchanged, there was a slight decline in the proportion employed on full time. In May only 47 per cent of the total membership were reported as having full-time employment. Latest data indicate that the number of labor disputes and the number of workers involved continue to be relatively small. STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES Year and month Factory employment F.B.B. F. R. B. factory pay rolls, unadUnad- Adjusted justed i justed Anthracite mining Employment Pay roils Bituminous coal mining Power, light, and water Employment ployment Monthly average, 1923-1925 = 100 1930, May 1931: May June July August _ _ September. . __ _ _ . October November December .. 1932: January February March " . April May Monthly average, January through May: 1930 1931 1932 1 Pay rolls Em- Telephone and telegraph Em- Pay rolls 1 91.4 94.4 93.8 98.9 90.4 77.5 103.4 104.5 77.1 75.0 73.8 74.2 74.7 71.4 68.7 67.9 77.8 76.0 75.1 74.1 72.8 70.3 69.3 69.4 72.2 67.6 64.4 64.3 61.8 59.4 56.2 55.8 80.3 76.1 65.1 67.3 80.0 86.8 83.5 79.8 76.1 66.7 53.7 56.4 64.9 91.1 79.5 78.4 82.4 78.4 76.4 77.0 80.4 81.3 81.1 81.2 54.4 52.4 50.4 50.6 53.6 56.2 54.6 52.3 97.6 97.2 96.7 95.9 94.7 92.7 91.3 90.3 98.7 98.3 97.4 96.2 94.3 93.2 93.3 91.2 66.3 67.3 66.3 64. 0 61.4 68.1 67.8 66.4 64.3 62.2 52.4 53.6 52.3 48.7 46.3 76.2 71.2 73.7 70.1 66.9 61.5 57.3 61.2 72.0 58.0 80.8 77.4 75.2 65.5 62.6 47.0 47.0 46.8 33.9 30.7 89.3 87.2 85.5 84,8 84.0 88.4 86.0 85.4 82.4 84.2 96.4 72.5 50.6 93.9 85.5 71.6 95. 9 82.8 62.0 97.7 88.5 72.3 89.8 1 64.0 ! 41.1 100. 4 97.7 86.3 101. 9 ; 99. 4 | 85.3 Adjusted for seasonal variation. Pay rolls Employment Monthly average, 1929=100 90.9 92.6 77.4 65.1 ployment Employ- Employ- Wages, comment, ment mon agencies, trade- labor in union appliroad per memPay cants buildbers ing rolls 100 jobs Retail trade 1 | 1 I 1 Number Per cent Cents of total members per hour 99.7 103.2 96.7 97.3 164 80 40 87.4 86. 9 86.6 85.9 85.0 84.1 83.5 83.1 94.1 95.0 93.3 92.3 92.1 91.6 89.7 92.7 89.9 89.1 83.9 81.8 86.6 89.8 90.9 106.2 88.0 87.6 83.3 80.3 83.5 84.6 85.4 94.1 181 205 209 217 196 221 214 191 75 75 74 74 74 74 73 70 37 37 36 36 34 35 34 33 83.0 82.0 81.7 81.2 80.6 89.1 89.6 88.2 83.4 82.8 84.3 80.5 81.4 81.6 80.9 78.0 73.7 73.4 72.7 71.1 207 69 69 70 69 69 32 33 34 33 100. 0 103.9 95. 6 86.6 96.2 89.0 81.7 97.2 88.0 73.8 182 193 79 74 69 40 36 33 88.8 81.7 188 197 n 8 SURVEY OF CURRENT BUSINESS July, 1932 Finance—Credit and Banking general banking and credit situation during THE May and the first half of June was featured by a steady decline in bank loans and by a continuation of open-market purchases of Government securities by the Federal reserve banks. The liquidation of member bank credit has been gradual and applied equally to commercial loans and security loans. In order to keep excess funds employed, which accumulated as a result of the reserve banks, open-market operations, the member banks turned more and more to investments, with the result that this part of their portfolio in May showed the largest monthly increase for the year. However, the member banks have confined their purchases largely to Government securities. Such holdings increased by $454,000,000 from the end of April to the middle of June, while the port folio of other securities dropped $33,000,000. The purchases of Government securities by the reserve banks were almost as large as those of April, when total holdings for the first time exceeded $1,000,000,000. During the first half of June reserve bank purchases of Government securities continued at the rate of approximately $60,000,000 a week. Bankers' acceptances outstanding dropped approximately $92,000,000 during May. Federal reserve holdings steadily declined throughout the month, but showed an upward tendency after the first week of June. During the period from the beginning of May to the middle of June, bankers' acceptances held by the reserve banks for the account of foreign correspondents fell from approximately $300,000,000 to about $200,000,000. Gold exports assumed large proportions during May, but the rate of outflow showed a reverse tendency by the middle of June, writh the result that during the week ended June 22 there was a net gain of $6,000,000 in the country's monetary gold stocks, the first weekly gain since early in April. Apparently a large part of the outflow represented a transfer abroad of central bank funds which had been employed in the New York market. The greater part of the recent outflow of the metal was destined to France, Netherlands, Switzerland, and Belgium, the same group of countries which received the major portion of this country's exports during the period immediately following England's suspension of gold payments in September of last year. The effect of the recent movement has been to increase the volume of loanable funds abroad and to ease money-market conditions generally. With the cessation of foreign withdrawals the Federal Reserve Bank of New York reduced its rediscount rate on June 23 from 3 per cent to 2l/2 per cent, the former rate having been in effect since February 26. Money in circulation showed very slight changes during May as well as during the early weeks of June. An increase in postal savings deposits carried the total 100 per cent above that of June, 1931. Bank debits outside of New York were irregular with the general trend downward. CREDIT AND BANKIiNG STATISTICS Bank debits Year and month New York City Outside New York City Reporting member banks, Wednesday closest to end of month Loans Oil securities AH other loans Investments Coridition oif Federal reserve banks, end of month Total Memreserve Bills United ber Bills bought bank disStates bank j Total credit eount- in the securi- deposits reserve outopen ed ties acstand- j market count ing Net Total gold bankimDePostal ers' ac- ports savings, ceptinMoney posits, New balin ances cluding York ance to outcircu- State gold credit lation savings of destandreing leased banks positors end of from month earmark Thousands of dollars MILLIONS OF DOLLARS ! 1930: May 37,423 1931: 25, 072 May 25, 893 June July 21, 007 August 17, 501 September. 20, 073 October 20, 678 November . 14, 464 December.. 19, 233 1932: January 17, 676 February _ _ 14,381 March 16, 160 April 15, 558 May 12, 913 24, 388 8,421 8,416 5,889 1,049 313 185 I 528 ; 2, 436 2,369 1, 382 25. 5 4,497 4,505 171,241 18, 858 19, 406 18, 444 16, 526 16, 627 18, 125 14, 605 17,112 6,867 6,746 6,544 6,519 6, 346 5,897 5,807 5,777 7,863 7,945 7,942 7,879 7, 845 7,624 7,543 7,327 7,807 7,795 7,810 7, 665 7,916 7,700 7, 506 7,428 917 943 976 1,255 1,578 2,184 1,931 1,853 174 149 195 255 328 728 718 638 125 106 73 215 469 681 452 339 598 ; 668 678 728 742 727 717 817 2, 442 2,504 2,527 2,632 2,506 2,380 2,252 2,125 2,389 2,381 2,367 2,373 2,364 2, 167 2,051 1,961 1,413 1. 368 1,228 1,090 996 1,040 1,002 974 ' 53.6 i 156. 1 \ -10.2 ! 41.5 -258. 5 i -445.3 117.7 I 34.0 4, 679 4,750 4, 836 4,947 5,133 5,478 5,518 5,611 5,083 5,156 5,149 5,173 5,231 5,217 5,213 5,255 325, 028 347,417 372, 457 422, 699 468, 908 536, 660 564, 809 605, 112 15, 893 12, 870 13, 729 14, 366 13,498 5, 574 5,440 5,328 5,099 4,807 7,256 7,148 6, 883 6,783 6,724 7,149 6,935 7,143 7,151 7, 385 1,856 1,709 1,597 1,850 2,090 899 828 639 556 490 153 109 68 48 36 746 740 872 1,228 l 1, 549 2,093 1,937 2,012 2, 225 2, 240 1,947 1,849 1,924 2,124 2,113 961 919 911 879 787 i -49.6 -64.2 i 33.6 i -25.5 -217.6 5,645 5,627 5, 531 5,452 5,456 5,240 5,242 5,293 5, 262 5,243 658, 081 683, 627 697, 280 713, 867 in, 527 SURVEY OF CURRENT BUSINESS July, 1932 Finance—Security and Money Markets prices continued downward during May, ment securities, which caused a pronounced accumulaSECURITY but during June the market has displayed greater tion of bank funds in the financial centers. A large supply of funds seeking employment in high-grade paper was constantly available and the yields on shortterm. Government obligations fell to exceptionally low levels. Brokers' loans continued to decline throughout May and during June to the last date for which figures are available. This class of loans made by the reporting member banks of New York was at the end of May not much more than one-fourth of the total a year ago. The even more marked decline in the total reported by the members of the New York Stock Exchange indicates the extent to which "outside" funds have been withdrawn from speculative markets. The same trend is indicated in the classified figures of the stock and bond collateral loans made to brokers and dealers by the member banks reporting to the New York Federal Reserve Bank. These show that loans made by them for the account of nonbanking customers stood at the negligible figure of $7,000,000 by the middle of June. New capital issues were somewhat higher in May than in April, but are still on a very low level. For the second time this year no new long-term real estate bonds appeared on the market. Interest payments were about the same as a year ago, but average dividends per share paid fell to a new low monthly level. resistance, on a reduced turnover. At various intervals the market has shown a marked sensitiveness to such factors as (1) the action of the Interstate Commerce Commission in the case of the St. Louis-San Francisco Railroad's loan application, (2) passage by the House of Representatives of the Goldsborough bill, (3) announcement of the Senate plan for relief loans to States, and (4) announcements of numerous dividend reductions and omissions. Except for occasional rallies, both stock and bond prices tended downward during May. Government bonds showed only periodic strength as a result of open-market purchases by the Federal reserve banks. The leading European security markets showed a more or less irregular trend during the entire period, although on the whole the tone was cheerful, after the unfavorable influences early in May. Money rates continued low throughout May and the first half of June. Call rates remained uniformly about 2K per cent, while rates on commercial paper were reduced before the end of May by one-half of 1 per cent. On May 11 the offering rate on 90-day bankers' acceptances declined from 1% per cent to the previously prevailing low rate of seven-eighths of 1 per cent. The dominating influence during the entire period under review was the open-market policy of the Federal reserve banks, featured by heavy purchases of Govern- SECURITY AND MONEY MARKET STATISTICS Dividend and interest payments Capital issues Year and month Stock Reprices ported Com(aver- sales mon Bond age stock yields of week- stocks yields ly) Average Range of open market money rates New York Brokers' loans dividend Total Longterm New capital real issues estate bonds ReMade per byre- ported RaCall monComport- by the tio Interest share (600 ey re- Time mering New to Total pay- commem- York marinewal loans cial ments panies) paper (averber i Stock ket Ex- value banks age) N. y. c. chan ge2 Thou- Per 1926= sands 100 sharesof cent 1930: May 1931: May June July August . September October November December 1932: January February March April May Dollars Per cent 1 78, 040 4.02 4.54 1,181,454 1,108,103 3,813 601, 0,00 262, 000 2.99 5.95 5.96 5.66 5.74 6.51 7.28 7.06 8.66 4.43 427, 713 4.45 402, 307 4.44 267, 137 4.50 ! 126, 836 4.70 1 313,330 45, 932 5. 16 5.19 130, 787 5.81 139, 391 344, 164 251, 163 222, 564 120, 329 270, 540 44, 988 110,215 118,751 9,485 3,425 800 2,100 66, 785 9, 125 2,619 3,185 556, 124 762, 077 945, 976 489, 858 532, 840 747, 157 557, 742 670, 951 268, 124 416, 377 559, 076 245, 158 300, 340 458, 757 306, 742 439, 851 2.41 2.36 2.31 2.26 2.18 2.10 2.05 1.96 3.12 3M-3M 1.45 1M-2 1.50 114 i% 1.50 1M-1K 1.50 1K-1H 1.50 1M-2 2.10 2^-4 2.50 3 -4 2.70 3 -4 58.0 56.5 56.8 43.9 39.8 8.22 8.04 7.16 9.13 9.57 5.86 5.91 5.70 6.00 6.41 193, 939 94, 497 190, 020 142,319 132, 882 179, 919 73, 389 160, 612 70, 268 91,241 1, 075 0 905 490 997, 938 443, 200 494, 269 654, 200 483, 800 594, 838 247, 300 279, 569 427, 500 269, 000 1.89 1. 76 1.67 1. 60 1.48 2.65 3^-4 2.50 3H~3^ 2.50 2M-3K 2.50 2 -3 2.50 1^-2 1 126591—32 Thousands of dollars 98.0 46, 661 95.1 58, 719 98.2 33, 540 95.5 24, 890 81.7 51, 140 69.7 47, 895 71.7 37, 369 57.7 50, 190 170.5 __ 1 Per cent 34, 342 31,719 33, 061 31,403 23, 151 Wednesday closest to end of month. 2 e ! i i ' • End of month. 3M-4 2 -V-A 2 2 1 2 -4K 3M-4M 3M-4 3^-4 3^-4 3^-3M 3M-3M $,-*& I Per cent Millions of dollars 4,022 4,748 6.33 1, 539 1,479 1,390 1,366 1,172 869 720 591 1,435 1,391 1,344 1,354 1,044 796 730 587 3.37 2.93 3.03 3.04 3.23 2.33 2.35 2.20 505 495 525 495 409 512 525 533 379 300 1.94 1.90 2.18 1.87 1.86 10 SURVEY OF CURRENT BUSINESS July, 1932 Foreign Trade OHIPMENTS of raw cotton and wheat to foreign ^ countries continue in excess of the movement in the corresponding period of other recent years, although the normal seasonal decrease during May in raw-cotton shipments accounted for the greater part of the decline in the value of total exports. Exports, amounting to $132,000,000, declined 2 per cent from April and imports, totaling $112,000,000, dropped 11 per cent, while the favorable balance of merchandise trade was $20,000,000 as compared with $9,000,000 in April. The outflow of gold to foreign countries, which again assumed large proportions in May and the early part of June, has once more subsided. Total gold exports for the month of May amounted to $212,000,000. For the eleven months ended May 1932, the excess of gold exports over gold imports has amounted to more than a half billion dollars. The most notable change in export trade during May was an increase of $3,400,000 in exports of petroleum and petroleum products over April, the value of these products totaling $23,200,000. Exports of gasoline, amounting to 4,400,000 barrels, increased 850,000 barrels, and were the largest shipments for any month since May, 1931. The value of exports of industrial machinery^ automobiles, copper, meats and fats, oranges, and canned and dried fruits increased slightly, while that of electrical machinery and appli- ances, office equipment, tobacco, and wheat flour were somewhat lower. The decline in imports during May was larger than the normal shrinkage at this season of the year. With the exception of coffee, copper, tin, and newsprint, the quantity of all leading commodity imports was smaller than in April and with few exceptions was less than in the corresponding period of 1931. Imports of petroleum products showed a marked drop as compared with April, but were greater than in May, 1931. During the past three months total imports have shown a reduction in volume, whereas in the opening months of the year they were practically as large as in the corresponding period of the year before. For the 5-month period, ended May, quantity imports of cocoa, sugar, meats, fish, oilseeds, cotton cloth, petroleum products, linen fabrics, and copper were larger than in the corresponding period of 1931, while those of rubber, raw silk, coffee, newsprint, hides and skins, wool, burlaps, and tin were lower. Outstanding factors in the shrinkage in value of exports so far this year, as compared with the corresponding period of 1931, have been the lower level of prices and a reduction in shipments of automobiles, machinery, iron and steel products, copper, and tobacco. Quantity exports of cotton, cotton cloth, wheat, and apples have been larger than a year ago. EXPORTS AND IMPORTS Exports of United States merchandise Year and month Crude materials Exports, including reexports * General imports Finished manufactures Foodstuffs SemiAutomoFruits manMa- biles, GasoWheat Meats and ufactures Total chin- parts, line Total and and prepflour fats araery and tions accessories i Raw Total cotton Total FinSemi- ished Crude Food- man ma- stuffs fac-u- manuterials factures tures Millions of dollars 1930: May 320.0 1931: 204.0 Mav__ . __ 187.1 June July 180.8 164.8 August ._ _ 180.2 September 204.9 October . 193.5 November ._ 184.1 December 1932: 150. 0 January 153. 9 February _ March . 155. 2 April 135. 2 May 132.2 Cumulative, January through May: 1930 . 1,781.0 1931 1, liiS. 9 1932 . 726.4 1 ! 40.7 19.0 42.8 11.7 14.7 4.9 49.9 179.0 49.8 29.2 20.2 284.7 86.6 76.3 53.4 68.4 36.5 29.1 28.3 25.5 44.4 63.6 68.1 68.3 18.9 13.5 13.5 9.9 23.5 39.8 43.6 47.3 | 29.4 28.7 ! 32.3 ! 28.1 i 28.4 39.3 1 34.5 27.1 7.5 8.8 11.6 7.0 6.7 8.8 8.5 7.6 7.8 7.1 6.8 6.4 6.3 7.1 6.0 7. 3 6.6 5.7 7.6 8.0 9.2 ! 16.2 11.6 6.6 29.9 24.5 28.0 23. 9 21.4 21. 2 20.8 20. 6 103.4 97.7 88.3 84.1 83.2 77.3 67.0 64.7 26.5 28.3 22.7 20.4 24.7 20.2 15.7 17.7 14.3 12.8 11.5 10.7 8.7 8.5 5. 5 7.9 12.5 7.2 9.0 8.8 i 7.2 7.2 8.3 5.9 179.7 173. 5 174.5 166. 7 170. 4 168.7 149. 5 153. 8 54.2 52.4 50.0 47.7 52.9 52.4 47.8 49.9 49.6 47.2 47.1 45.4 35.1 36.8 33.0 36.7 30.4 29.8 30.0 28.3 30.3 29.0 27.4 25. 3 45.5 44.2 47.5 45.3 52.0 50.5 41.2 41.1 49.8 52.8 50.4 34.0 29.8 36.0 37.3 i 36.5 ! 20.7 17.7 5.3 5.1 6.1 6.0 4.7 4.2 *.5 7.4 7.0 5.9 4.0 4.5 18.8 18.4 18. 3 18.9 18. C 54.7 57. 2 61. 3 58. 5 60.5 11.4 13.8 13.5 12.2 11.3 6.8 7.4 9.3 7.8 7.9 7.6 1 135. 5 7.0 131. 0 6.3 131.2 8.3 i 126. 6 9.9 ! 112.3 38.2 37.4 36.0 36.3 28.4 38.3 37.8 42.4 38.1 37.2 26.2 24.1 20.0 18.9 17.2 32.5 31.8 32.9 33.4 29.5 ib! i 33.1 43.3 2S.8 213.0 154. 4 92. 9 943. 2 557. 4 292.3 270. 1 168. 2 63. 1 161.7 81.8 39.2 111.5 1,485.6 55. 7 933. 7 39.2 636. 5 501.4 289. 1 175.1 336. 2 246. 0 193. 7 304.9 171.9 106.8 343. 1 226. 6 15&. 9 335. 2 239. 3 216.6 204. 5 134. 4 US. 2 23.7 22. 8 21.7 21.0 20.0 ti 5.5 227. 9 15.1. 6 109.2 1)0. 0 25. 2 2^8 25.5 Reexports of foreign merchandise during May, 1932, were $3,346,000. SUKVEY OF CUREENT BUSINESS July, 1932 11 Real Estate and Construction activity in the building industry conI NCREASED tinued throughout May, when, contrary to the usual downward tendency for that month, the value of all contract awards aggregated more than the corresponding total for any month since last November. On a daily average basis, the gain over April, in both value and measurable footage, amounted to approximately 24 per cent. As compared with May, 1931, respective decreases of 52 per cent and 58 per cent in total value and square footage occurred. Contracts let in the Middle Atlantic States, New York City, and the Pittsburgh territory accounted for a little more than half the total value of awards for the month. The adjusted index of construction contracts let, based on a 3-month moving average of values centered on May, decreased slightly from the revised figure for April. In the first half of June the daily average value of contracts declined 24 per cent from that of the previous month, thus offsetting the increase of the same proportion which had occurred from April to May. Value of public works and utility projects in May made the best showing in six months and again took the lead in all construction undertakings. Although the total was 43 per cent below the value of similar contracts let during May last year, it showed the substantial advance of 30 per cent over the April figure. Residential building remained comparatively inactive, with average value of awards for the first five months of this year less than one-third the corresponding figure for the same period of 1931. Measurable footage of these undertakings was unchanged from April, and, while the total was only one-third the footage reported in May, 1931, the average so far this year was maintained. A sharp gain marked the monthly record of new structural steel orders. Increasing 40 per cent over bookings in April, the May total reached the same tonnage level reported for last November and was 38 per cent above the monthly average so far this year. Volume of orders in May a year ago, however, were 67 per cent greater. Shipments of maple flooring advanced 5.7 per cent over those in April and cement production during May reached the highest total in six months. Further recession in the Engineering News-Record's index of construction costs, while slight, placed that figure at a new low point for the depression. Building material prices for frame and brick houses declined from April, 1.9 per cent and 2.5 per cent, respectively. No long-term real estate bond flotations were reported for the month. BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE Construction contracts awarded F. E. B. index (3 months moving average of values adjusted) Year and month Maple Oak floor- flooring ing All types of construction Residential building Public works and utilities Shipments Monthly MilMilThou- MilMil- lions Mil- sands average lions of lions of lions of lions of of square of square 1923square dollars dollars dollars 1925=100 feet feet feet 1930: May 1931: May June July August September October.. November TDecember 1932: January February March April .. _ May Monthly a\ 7 erage, January through May: 1930 1931 183? 1 Long-term real estate bonds Real ConFabristruc- estate martion Ce- cated cost, ket acTo ment structural Frame Brick Eng. tivity, finance steel house house News- deeds new recordTotal (6con(6Eec. ed rooni) room) strucProtion New duction orders MonthThouThousands of Thou- sands av- Thousands of of month, month- ly feet, board sands of shortof First erage ly average 1913=100 1926=» dollars barrels tons measure 100 105 53.7 457 23.5 116.6 1,099 152.1 4,669 65 63 61 59 59 55 49 38 38.9 33.7 33.8 30.6 30.1 30.7 20.5 17.2 306 316 286 233 251 242 151 137 21.9 16.9 15.9 14.1 13.0 15.2 11.0 8.8 88.9 72.7 63.9 60.2 54.6 60.5 45.3 36.2 387 1,117 1,233 737 353 171 271 280 108.9 140.8 116.3 73.0 85.1 82.5 47.4 50.3 3,315 3,778 3,447 3,397 3, 144 31 27 26 27 26 12.6 12.3 16.9 13.9 16.5 85 89 112 122 14 G 6.9 6.1 8.5 7.2 7.2 27.5 24.4 33.2 28.9 25. 6 300 176 197 211 182 24.1 28.3 29.9 47.3 61.7 1,759 2,061 2,495 2, 200 3, 325 47.0 33.9 14.4 ! 407 295 Ill 197.7 19. 1 7.2 96.5 83. 6 27.9 1, 434 467 213 140. 7 113.5 38. 3 3, 924 2,961 2, 168 101 73 27 Building material prices Building materials 30, 295 17, 249 279 177 181 205.9 73.5 3,813 88 27, 745 23, 131 25, 691 21, 464 19, 486 2, 703 18, 203 2,481 13, 907 1,928 12, 976 14, 010 14, 118 13, 899 13, 549 12,092 10, 762 8,161 5, 974 152 172 160 124 194 109 91 98 160 158 155 156 154 156 158 156 167 166 164 163 161 162 163 161 189.3 187.2 174.4 171.4 171.4 169.8 169.3 166.2 61.3 58.4 61.1 59.8 60.3 63.2 59.0 64.5 9,485 3,425 800 2,100 66, 785 9,125 2,619 3,185 0 1,000 300 565 395 500 725 0 11,673 11,359 13, 360 12, 555 5, 026 3, 971 4,847 5, 478 6,917 48 62 64 65 91 156 157 155 154 151 161 163 162 160 156 162.5 i61.8 157.2 153. 1 152. 8 57.8 58.8 54.9 54.6 1,075 0 905 490 0 240 0 0 490 9 31,411 24. 444 12, 377 11, 731 9, 203 5,248 249 187 66 177 162 155 180 169 160 207.1 193. 3 157. 5 73.3 63.5 16, 250 5,369 494 6, 735 1,410 146 12 SURVEY OF CURRENT BUSINESS July, 1932 Transportation trend of railroad freight traffic has continued -*- downward through the first half of June. Loadings of revenue freight in May delined 5.9 per cent, and the seasonally adjusted index of loadings dropped 8.5 per cent, the latter having declined each month during the current year. For the first 23 weeks of 1932 freight car loadings dropped 25 per cent, as compared with a reduction of 18 per cent for the year 1931 in comparison with 1930. Decreased loadings were reported for all classes of traffic during May, but the drop in coal loadings was responsible for the major part of the decline. Loadings of miscellaneous freight were lower, but remained above the average shipments for the first three months of the year. Merchandise 1. c. 1. loadings dropped to a new low for the depression. After declining during February and March, surplus freight cars have increased in each of the past two months. Equipment buying by the roads has been held to a minimum owing to the state of current revenues. Orders for only 26 freight cars were placed during May, and no orders were entered for locomotives or passenger cars. No improvement has occurred in the rate of earnings of the railroads on their property investment, current returns continuing around 1% per cent. Operating revenues are off over 40 per cent from a year ago, despite the rate increases and drastic economies, and gross operating revenues are off 24 per cent. Dividend disbursements by the carriers continued to fall, with the May total about one-third below a year ago. Canal traffic expanded seasonally in May, although the movement on all major channels was well below a year ago. The movement through the "Soo" Canal was less than 40 per cent of the total of a year ago and the Welland movement declined 18 per cent. St. Lawrence traffic was off 24 per cent, while the New York State Canal and the Cape Cod Canal showed smaller declines. River traffic decreased during April with the exception of the movement on Governmentowned barges on the Mississippi. The latter increase was the result of a general gain in up-river traffic. Available travel data show a seasonal upturn, but the movement is well below a year ago. Hotel room occupancy in May was the same as in April but was 13 per cent below a year ago, and there was a further reduction in rates. Foreign travel remains well under a year ago. Passports issued during the first five months were 9.2 per cent below last year. Pullman passengers carried showed a drop of 29 per cent from a year ago, according to statistics covering the first four months. Visitors at national parks increased seasonally in May, but during the first five months of 1932, such travel was 14 per cent lower than a year ago. Year and Month * § t? o a VI 1 a P 1 O f H ! \ 73 O W $ o Q 1931 1932 ^3 aw §3 ^ § 8 ri 1 1 i ! I-3 i i 1 aa 3 i a [ —1 1 j 1 Thousands of cars 3 ^hou- i -I p "i«! & ro §3 •s fc Thous. Thous. of of dol- dollars lars Canal and river traffic Canals -w« Rivers X ftiift*££ 00 & =1 3* £ 00 'i S35 fc « •-®OMS 2*"g«S •3eg.fi igs* Thousands of short tons Thous. of long tons 97 96 1 912.7 ! 135.8 9.4 51.9 37.3 22.8 239.8 55. 6 I 360. 1 442 2, 351 69, 323 36, 600 11, 320 402 125 1, 116 79 77 78 76 78 78 70 61 79 77 76 72 69 69 68 69 740.0 747.9 732.7 749.5 727.0 763.0 654.9 568.3 i 113.9 I 110.6 I 108.2 118.8 I 124.2 i 145.5 ! 121.4 ! 117.6 6.5 5.5 4.8 4.6 4.8 5.6 5.3 5.8 32.9 31.3 26. 6 27.6 26.1 24.6 21.9 17.8 35.8 35.0 55.0 45.7 37.2 38.5 36.2 29.7 20.4 18.6 17.8 21.2 24.1 29.0 25.9 21.6 217.5 219.0 207.4 213.8 210.2 216.2 201.6 185.6 17.3 29. 8 34.7 35.0 30. 3 20.4 6.3 3.8 295.4 298. 1 278.2 282.7 270. 1 283.0 236.4 188.2 616 599 564 574 564 535 659 751 1,900 2,051 2,023 2,091 1, 969 1,674 1,526 1,677 41, 264 50, 163 56, 535 55, 859 55, 319 64, 020 36, 580 21, 263 31, 500 33, 000 41, 500 33, 500 26, 500 36, 000 32, 450 28, 800 4, 335 6,645 7, 613 8,385 7,126 6,248 3,049 284 457 385 506 425 587 505 510 0 100 86 104 104 107 105 86 168 937 828 820 859 884 930 676 774 58 59 58 57 53 64 62 61 59 54 567. 4 ! 115.2 561.3 1 115.0 571.7 121.3 554.6 ' 92.3 74. 6 521.9 5.7 6.2 6.1 3.8 3.1 18.4 19.3 20.0 19.7 18. 7 31.0 34.3 28.9 30.8 29.2 22.1 19.0 16.5 18.7 17.1 186.6 183.0 187.3 186. 2 182.1 2. 9 i 185. 6 2. 7 I 181. 9 2. 6 : 187. 5 3.4 i 199.6 2.6 194.5 742 722 705 728 751 1,643 1,424 1,404 1,286 11, 714 22, 043 32, 289 20, 624 42, 500 29, 000 30, 500 28, 200 21, 700 0 0 0 369 1, 568 0 0 0 250 415 131 113 113 99 110 652 628 726 620 10.5 54.6 39.8 24.8 242.7 7.8 33.6 38.7 21.9 216.3 5.0 19.2 30.8 18.7 185.0 19.5 344.3 8.4 ; 272.7 2.8 [ 189.8 '. 434 627 730 2, 473 1,995 61, 636 37, 774 45, 540 42, 480 30, 380 90 82 113 1, 153 920 92 76 57 i Daily average basis. "3_: ft fa 3 Monthly average, 1923-1925—100 1930: May 1931: May June July August September... October November... December 1932: January February March April May Monthly average, January3 through May : 1930 1 «-a Panama Canal, American vessels, both directions i « S Dividend payments, steam railways _ _ F. R. B. index Freight-car surplus Freight-car loadings Pullman passengers carried 1 RAIL AND WATER TRAFFIC 890. 8 : 154.5 730.5 i 131.1 555. 3 i 103.7 2 Adjusted for seasonal variation. | | i ': * Freight-car loadings are on an average weekly basis. 13 SURVEY OF CURRENT BUSINESS July, 1932 Automobiles and Rubber stricted, and foreign shipments of both passenger cars and trucks were lower in May than in April. Employment in the rubber-products industry was ducers contributing the major part of the output. The spring peak in automotive production usually is further reduced during May but pay rolls were larger. reached in April and May and only a slight variation The latter increase followed declines in the two preis normally witnessed between these two periods. ceding months. Both production and shipments of May production this year increased 36,823 units, or pneumatic casings increased in May, accompanied by one-fourth over April and the first three weeks of June a reduction in inventories. Buying in May and June has brought a further increase. Production during the was stimulated by the possibilities of increased prices first five months of 1932 was 48 per cent below last resulting from the taxes levied in the new revenue bill. Domestic consumption of crude rubber increased year, but the June comparison with a year ago is the 13 per cent during May, but for the year to date has most favorable for any month so far this year. Increased production in May was confined to pas- averaged well below a year ago. Despite the fact that senger vehicles, as the output of trucks was the same more producing estates are closing down constantly, as in April. Canadian production increased following and others are tapping only the best-yielding areas, the curtailment of the preceding month. Employ- crude rubber output continues in excess of the demand ment and pay rolls in the industry increased during with the consequent increase of world stocks and price May, the former by 1.4 per cent and the latter by 14 declines. Crude rubber dropped to 2.50 cents a pound, per cent. The index of Detroit factory employment and is currently selling only slightly above that level. Foreign takings of rubber have been at a record high showed a further increase in the middle of June. Retail sales of automobiles continued upward in figure thus far in 1932, restricted imports of fabricated May. Preliminary statistics on passenger-car regis- goods furnishing a stimulus to the domestic manufactrations indicate a gain of from 10 to 15 per cent for ture, in foreign countries, of finished products. the month as against a normal seasonal increase of During April, the United Kingdom took the lead in about 1 per cent. Sales of commercial vehicles were tire exports, the first time that this country has led also larger than in April, following the decline from the in 12 years. Available statistics for May indicate that March level. Exports of automobiles continue re- this position was retained during that month. in automobile production schedules EXPANSION has extended into June, with the low-price pro- AUTOMOBILE AND RUBBER STATISTICS Automobile production United States Year and month F.R.B. index, adjusted Total Monthly average 19231925= 100 1930: May. 1931: May June July August . September October November • December 1932: January February ._ _ March April May _ _. _ _ Monthly average, January through May: 1930 1931 1932 Passenger cars | Automobile exports Canada Total Taxi- Trucks pro! duccabs tion iPassen- Trucks ger cars Crude rubber j By wholesale dealers Do- Do- mestic World Retail Pro- mestic conIm- stocks, pur- duc- ship- sumpports end of chasers tion ments tion, month total Millions of dollars Number Thousands Pneumatic tires Automobile financing New passenger car registrations Thousands Long tons 101 420 361 440 58, 659 24, 672 16, 876 9,666 345, 069 84 us 4,754 3,960 35, 912 42, 994 L406, 137 78 65 60 52 40 26 36 66 317 251 1 218 187 141 80 69 122 271 210 184 155 109 58 48 97 340 360 180 104 141 651 999 1,144 45, 688 40, 244 34,317 31,772 31,338 21, 727 19, 683 23, 644 12, 738 6,835 4,220 4,544 2,646 1,440 1,247 2,432 8,468 5,843 6,478 5,699 4,577 3,207 1,928 5,753 4,498 4,340 3,518 2,356 4,171 4,500 1,184 3, 333 247, 727 201,911 194, 322 155, 744 124, 903 102, 659 75, 829 77, 564 73 58 49 44 36 26 16 29 109 105 96 80 68 61 49 50 4,543 4,538 3,941 3,125 2,538 2, 379 2, 001 2,115 4,197 4,320 4,244 3,845 3,034 2,185 2,223 2,171 34, 792 34, 883 29, 382 25, 379 21, 747 20, 495 21,108 19, 696 35, 844 46, 939 44, 052 39, 033 38, 933 41, 398 45, 103 53, 818 531,516 536, 982 549, 127 550, 580 554,458 582, 000 606, 197 619, 906 45 35 i 28 i 35 44 119 117 119 148 185 99 94 99 121 158 97 25 74 31 73 20, 541 23, 308 19, 560 27, 389 27, 393 3,731 5,477 8,318 6.810 8, 221 4,474 4,930 5,541 4,449 3,604 2,515 2, 113 3, 186 1,629 1, 505 85,684 81,853 91, 297 119, 540 131,000 35 33 34 34 39 45 45 51 56 58 2,770 3,097 2,937 2, 813 2, 545 1,973 2,281 2,886 25, 725 27,611 25, 602 23, 877 26, 861 33, 552 28, 298 45, 588 38, 454 34, 323 630, 267 636, 206 632, 983 633, 400 637, 006 373 264 138 315 221 114 833 491 68 57, 004 42, 785 23, 638 19, 119 11,851 6,511 19, 361 9, 743 4, 600 9,943 4, 944 2, ISO 278, 539 195, 044 101,875 72 59 35 109 88 51 4,043 3,671 3,586 3,316 33, 375 29, 675 25, 935 44, 960 38, 502 36, 043 407, 531 518,614 633,971 100 71 37 14 SURVEY OF CURRENT BUSINESS July, 1932 Chemical Industries sales have been steadily declining since CHEMICAL the first of the year, and this tendency continued throughout the month of May. As a whole, however, the industry has been affected less by prevailing economic conditions that most other industries because of its wide diversity of products, the basic nature, and the variety of uses for which each product is adapted, and the unitized production organization. This situation is reflected in employment in the industry, which declined in May somewhat less than is usual at this time of year. The adjusted index for May was 80 as compared with the combined factory employment index of 62. Present employment is, however, at a record low level for the industry and is approximately 15 per cent less than a year ago. Pay rolls also reached a new low point in May, about a fourth under the amount of a year ago. The stocks of chemical manufactured goods on hand continued in May the decline noted in the two previous months. Present stocks on hand are slightly greater than at this time last year and 4 per cent less than in this month in 1930. Ethyl alcohol production picked up slightly in April after declining steadily since last October. The level of output was 9 per cent under that of April, 1931. Refined methanol production also increased in April, while that of the synthetic product declined in that month, bat increased in May. Output of the refined product is off 46 per cent as compared with a year ago, while synthetic shows a decline of 36 per cent in the same period. A further decline in the production of by-product coke took place in May and a new low level was reached. As compared with a year ago output has declined 44 per cent and, in comparison with two years ago there has been a drop of almost 60 per cent. A substantial increase in the production of wood rosin occurred in May, while the receipts of gum rosin at three ports experienced the usual sharp seasonal increase for this time of year. Stocks of gum rosin at the ports and wood rosin at plants increased from the low point reached in April. Wood turpentine production continued the increase of the past two months, with present output 14 per cent less than in May a year ago. Turpentine stocks at plants have been declining steadily since January. Pine-oil production increased more than seasonally in May. Fertilizer consumption contracted sharply but seasonally in May. Total imports of fertilizer increased, although there is usually a seasonal decline at this time. Imports of nitrate of soda were again insignificant, the domestic air-reduction industry now producing practically all of the United States requirements. CHEMICAL STATISTICS Alcoho 1 General operations Employment F. R. B. Indexes Year and month SynRefined thetic Ethyl methmethanol anol Stocks i Southern States. Explosives Rosin, wood TurSuperpentine, phoswood phates ConTotal Nitrate of soda sump- imimtion^ ports I ports Pay Manu- Raw Unad- Adrolls, facjusted justed unad- tured matejusted goods rials Production Thousands of gallons Monthly average, 1923-1925=100 1930- May 1931: May June July August September October November December 1932: January February March April May Monthly average, January through Mav; 1930 1931 193? Fertilizer Byproduct coke Thous. of shorttons Thous. of Ibs. Barrels Thous. of short tons Long tons 104.6 106.5 106.6 134 96 13, 245 406 583 4,235 36, 147 40, 933 7,454 389 235 91.4 86.7 86. 2 84.4 86.0 85.7 83.5 82.0 93.0 89.6 89.4 86.6 85.7 85.4 83.1 81.9 88.4 84.1 82.9 80.4 80.8 80.8 76.4 75.0 127 122 116 115 118 125 129 124 88 88 87 85 100 121 134 125 13, 120 13, 111 11,975 12, 363 12, 952 16, 037 14 084 118 107 92 65 57 56 87 142 784 654 438 316 663 510 364 328 3, 126 2,715 2, 569 2, 443 2,310 2, 389 2,276 2,234 26, 960 25, 981 25, 068 24, 548 26, 598 25, 282 24, 509 18, 595 33, 593 34, 747 28, 495 17, 074 25, 058 26, 102 21, 440 23, 242 5,996 5, 675 4,370 2, 607 3,797 3,922 3, 547 3,733 224 178 196 210 173 188 179 231 195 74 25 40 91 94 66 67 ; 72, 159 i 59, 970 ! 97, 358 127, 599 , 146, 700 120, S22 77, 849 70, 754 34, 006 29,711 18, 809 35, 367 48, 590 33, 968 29, 871 17, 029 81.7 81.1 81.1 82.4 78.3 81.9 80.2 78.6 78.5 79.7 71.4 ! 72.1 70. 1 68. 5 6(5.9 128 136 135 132 129 116 107 102 95 13, 224 10,340 149 120 103 113 72 586 546 514 502 743 2,101 1, 996 2, 089 1,883 1,743 18, 175 IS, 064 17, 092 16, 804 23, 196 20, 006 26, 187 26, 443 30, 597 3, 626 3, 121 4, 329 4, 415 5, 1»)1 215 204 170 147 172 365 644 86S 156 89, 070 84, 160 100, 136 61, 433 M, 746 30,114 8, 404 54 2, 675 37 137 130 132 lOfi 98 11,632 11,388 412 222 111 533 747 578 4,191 3, 104 1, 962 32, 513 27, 4S2 42, 077 31, 908 2rts 280 7, 775 5, 694 4, 128 408 278 1, 016 726 441 210, 557 149, 981 83, 909 67^ 098 8, 257 109 9 94.6 80.9 109. 7 90. 7 09. 8 14, 002 1 1 87, 973 : 42, 308 SURVEY OF CURRENT BUSINESS July, 1932 15 Farm and Food Products deterioration in grain crops occurred during SOME May, according to the Department of Agriculture's June 1 crop report. Winter wheat production was estimated at 410,669,000 bushels, a decline from the May 1 forecast of 30,112,000 bushels and 377,000,000 bushels below the output of a year ago. The forecast of the rye crop as of June 1 was 38,734,000 bushels, or 730,000 bushels less than the May estimate. Last year's crop amounted to 32,746,000 bushels. Prices received by farmers for their produce showed but slight change from the level of the previous month, the only increase being in the fruit and vegetable group, which showed a gain of 3 per cent. Livestock movements at primary markets showed a slight upturn during May. Receipts of all classes of livestock were the largest since March and of cattle and calves the largest since December. Shipments of all types of animals fell off from the preceding month and were well below May of last year. Slaughter of animals under Federal inspection during May recorded declines from April, in the case of cattle and calves, and sheep and lambs. As compared with May, 1931, the slaughter of cattle and calves showed declines, while the slaughter of sheep and lambs remained unchanged. Hog slaughter, on the other hand, reflected increases over the previous month and the corresponding period a year ago. Cold-storage holdings of meats and meat products at the end of May, 1932, were approximately unchanged from the preceding month. In contrast with the same period in 1931, such holdings were 5 per cent lower. Stocks of lard at the end of May were the highest since June, 1929. Holdings of butter, cheese, eggs, and poultry reflecting greater production at this time of the year, increased in May, but remained below a year ago, poultry excepted. Processing of foods registered a slight decline from a month ago, according to the adjusted index of the Federal Reserve Board, but continues relatively high. Employment and pay rolls in the industry showed only fractional changes from the previous month. Wholesale prices of foods declined 3 per cent from the previous month and 20 per cent from a year ago. Meltings of raw sugar at eight ports during May amounted to 306,072 long tons, compared with 298,362 long tons in April and 332,556 longs tons in May, 1931. Stocks of raw sugar at these ports declined 6 per cent during the month. Shipments and stocks of refined sugar at Savannah and New Orleans registered increases of 22 and 24 per cent, respectively, over the previous month. Prices of sugar, both wholesale and retail, at New York fell off slightly when compared with the prices that ruled in April, but future prices have improved during June. 1 J-J 1 Itf.J'i 97.1 92.2 55 110 17 120 89 83 87 88 93 92 91 97 90.8 88.7 88.1 88.1 87.5 85.5 85.9 86.3 73.8 73.3 74.0 74.6 73.7 73. 3 71.0 69.1 62 55 103 83 119 219 159 96 107 118 105 94 92 97 98 97 31 30 104 61 39 33 26 14 198 191 218 243 239 231 230 221 . 76 .67 .47 i .51 .56 .58 .69 .60 11 13 16 11 8 14 12 11 94 96 84 91 88 85,3 83.7 83.1 83.6 83. 2 64.7 62.5 62.3 63.0 59. 3 89 74 67 51 47 92 87 88 90 111 17 25 13 13 15 212 210 202 183 !72 .61 ! .59 .58 : . 60 i .81 10 14 11 10 10 95 91 91 97. 6 90. 6 83.8 94. 9 77.3 62.0 61 64 66 93 97 17 29 17 IIS 201 1!>S d >^ receipts from Hawaii and Puerto Rico. M 1.01 1 03 73 . ft) 16 21 17 11 Price, No. 3 yellow, Chicago 0 -4 97 4> w Butter, apparent consumption c t Thousands Millions of pounds ll S*o & c o_o : § 1 5 Thousands of bags 1 Con- Stocks, cold sump- stortion, age, appar- end of ent month Raw sugar 1 s** Hog receipts I « OT £-3 ^5 o P Imports Meats 1 i 2 CO t£t corfi.v^. Oi Cn Cn Millions of bushels CC CO CO CO CO Receipts, principal markets Visible supply, U u i t e d States, end of month Price, weighted average, 6 markets, ail grades B ons of >hels D o l l a r s per bushel j^fN Monthly average, 1923-1925 = 100 Ani mals and animal products W> CTj 00 1930: May 1931: May. June July August September October November December 1932: January February Muivh April May.. MoTithly average, January through May; I'MO _".__ £7 o-g J3§ Monthly average, 1923-1925 = 100 Corn Wheat Receipts, principal markets Wholesale prices Employment adjusted Year and month Production adjusted F. R. B. Crop marketings Food products industry Animal products, marketings FOODSTUFFS STATISTICS 1, 517 3,293 1,076 950 211 682 915 1,551 1,539 1,488 1,821 1,797 2, 137 1, 866 1,453 2,938 2, 854 2,511 2,454 2,727 3,462 3, 752 4, 210 1,060 1,045 1,012 1, 043 1,067 1,194 1, 020 1,048 1,062 1,014 946 798 638 506 523 736 221 208 198 204 189 187 161 172 353 382 473 532 330 269 189 217 1,415 1, 037 1,100 884 794 907 936 1, 203 1, 376 1, 281 1,377 1, 376 1, S97 4, 218 3,659 2, 939 2, 960 3,050 1, 098 955 1, 024 1, 033 1,039 875 1, 035 1,011 1, 012 1,013 157 156 171 177 »*! 289 437 515 510 457 1, 220 1, 149 1,220 793 1, 05C 1,535 1, 503 1,301 3, 669 3,514 3, 365 1, 017 1,012 1,030 1,007 1,057 9N9 171 171 177 422 379 M2 1, 076 1, 266 1,088 16 SURVEY OF CURRENT BUSINESS July, 1932 Forest Products production increased slightly more than EMBER seasonally in May, continuing a gradual rise since the record low point reached last February. However, total production this year, through the week ending June 11, has been only about half of output in the corresponding period a year ago and at the low rate of 22 per cent of normal. Shipments of lumber this year up to June 11 have exceeded production by 29 per cent, and excess stocks on hand have been materially reduced. Employment in the industry reached a new low level in May, the adjusted index having declined 30 per cent from that of May, 1931, and 47 per cent from this month two years ago. Pay rolls also declined to a new low record in May, there having been a steady decline during the past year which has altogether amounted to a drop of over 50 per cent. Car loadings of forest products, which usually show a distinct seasonal rise in May, continued the decline that was noted in the previous month and reached a new low record for this time of year. Weekly average loadings were 43 per cent less than in May a year ago and twothirds off as compared with this month two years ago. Production of southern hardwoods up to June 11 was 57 per cent of output in this period a year ago. Shipments, which were two-thirds of the volume of a year ago, were, however, greater than production by 36 per cent in the first 23 weeks of the year, and a material reduction in existing stocks was accomplished in this period. The production of Douglas fir in the first 23 weeks of the year was 24 per cent of normal and only slightly more than half of the output in this period last year. Shipments thus far this year have exceeded production by 15 per cent, and stocks have been further reduced to a point 21 per cent less than a year ago. Shipments have exceeded production consistently in the last three months. New orders thus far during the current year have exceeded shipments by 8 per cent and have amounted to 57 per cent of new orders in this period last year. Southern pine output declined seasonally iri May to a level one-third under production in this month a year ago and 61 per cent less than two years ago. Production thus far this year has been 32 per cent of normal, while in this period shipments have been 16 per cent in excess of production, and stocks on hand had been cut to a volume 22 per cent less than a year ago. New orders fell off seasonally in May but the curtailment of production at the same time caused unfilled orders to remain constant. FOREST PRODUCTS STATISTICS General operations Year and month Indexes of marketing LumEmber Pay 1 Total ploy- roll, proforest duc- ment, unadprodadtion, ad- justed justed ucts justed ..._ May Monthly average January through Mav: 1930 1931 1932 Douglas fir i Household2 furniture Southern pine jj Carload| ings, forest Naval prodstores ucts i Production Production UnNew filled orders orders ThouIsands of cars . Monthly average 1923-1925 = 100 1930: Mav_ 1931: May June Julv August September October November December 1932: January . February March.. April Southern hardwoods UnNew filled orders orders Production UnUnPlant filled New filled opera- orders, orders orders tion end of month & i S?S Millions of feet, board measure 3 ;££tlme : tion 76 73.9 73.2 79.6 174. 7 51.9 240 195 603 | 77.0 72.9 50.5 258 230 61.0 ! 26 48 47 42 38 36 33 27 27 55.4 54.4 52.0 51.1 49.4 48.4 47.4 45.4 45.7 44.6 41.7 41.3 40.3 38.2 34.4 31.2 66.7 67.2 64. 6 64.3 65.7 63.1 56.7 53.3 136. 5 189. 9 186. 7 141. 5 i 111.9 I 114.0 97.2 90.4 32.9 31. 3 26.6 27.6 26.1 24.6 21.9 17.8 146 143 109 101 105 105 105 86 158 176 139 131 131 131 131 105 431 419 402 375 387 374 370 367 41.4 49.9 37.3 34.4 38.8 30.0 29. 0 20.5 37.8 47.8 45. 3 37.7 39.7 30.3 33. 9 23.0 27.1 40.7 41.4 22.2 31.3 16.3 26. 3 17.1 148 127 122 120 117 117 111 78 158 140 147 151 138 135 111 73 84 ' 83 83 83 74 58 62 51 70.0 74.0 80.0 73.0 72.0 83.0 72.0 56. 5 i 11 23 22 20 15 11 13 12 27 23 27 28 29 43.9 43.3 41.2 40.2 39.0 26.6 25.9 24.5 23.2 22.2 49.5 51.1 53.4 58.1 26. 1 ! 24.1 ! 29. 6 1 67.8 102.3 18.4 19.3 20. 0 19. 7 18.7 68 83 90 101 120 105 113 105 356 I 315 1 290 272 24.8 29.0 25.6 20.5 25.0 31.4 28.1 28. 5 21.3 27.0 28.4 27.8 25.3 80 89 104 106 100 106 119 127 110 103 61 74 77 62 62 68.0 , 73.0 i 59. 0 54.0 : 42.0 17 13 10 7 7 78 47 27 76.6 55.8 41.5 73.4 45.3 24. 5 72.0 59.7 78. 3 67. 4 50.0 54. 6 33. 6 19.2 152 208 168 624 4dl 68.8 44.7 25.0 65. 6 48.7 27. 3 61.2 ! 44.2 i 261 159 96 242 173 113 185 107 67 70. 2 66. 4 59.2 25 15 11 Weekly average. i i i ! i ! 'Grand Rapids district. 160 ! i ! ! 17 SURVEY OF CURRENT BUSINESS July, 1932 Iron and Steel I n d u s t r y and steel operations during May were adversely I RON influenced by hand-to-mouth buying and the failure of automotive and railway requirements to bolster the rate of output. According to the American Iron and Steel Institute's monthly report, covering 95 per cent of the industry, operations were placed at 20 per cent of capacity, as against 23 per cent in April. Including the near capacity operations of remaining plants supplying automotive requirements, operations during the month were at a somewliat higher rate. In the first three weeks of June, in line with the usual seasonal trend, further recessions in output have taken place. Fabricated structural steel provided a relatively bright spot in the industry for May. In contraseasonal trend, new orders increased 40 per cent over April bookings, which were the largest for the year. However, the total tonnage booked was only 60 per cent of the volume reported for May a year ago. Shipments advanced 5.8 per cent above the April level, but remained 50 per cent under those in the same month of 1931. The Federal Reserve Board's adjusted index of general operations for May continued a decline which has characterized the monthly figures since January. The adjusted index of employment de- creased 4.3 per cent from April, while the unadjusted pay-roll index showed a drop of 5.3 per cent. Further decline in output of pig iron, accompanied by a loss of seven operating blast furnaces, placed production at a new record low for many years. For the first five months of the year, total tonnage was slightly more than half that produced in the corresponding period of 1931. The decline from April in output of steel ingots was 10.8 per cent, only slightly more than the 8 per cent decrease in production which occurred in May last year. Although it is customary for the volume of unfilled orders to decrease during May, total tonnage of bookings reported by the United States Steel Corporation touched a new all time low, marking the fourteenth consecutive monthly decline. Notwithstanding continued efforts to strengthen prices, little support was given by tonnage volume. The iron and steel composite price slipped to a slightly lower level, while steel scrap, in marked absence of demand, declined 8.6 per cent from the April figure. Iron and steel exports in May were the largest since July, increasing 38 per cent over April. Approximately 44 per cent consisted of shipments of scrap; Imports for the month increased 14 per cent; IRON AND STEEL STATISTICS General operations Iron and steel Pig iron produc- Year and month jg™" i Pay tion P ° f - j rolls i Ex- Imi (ad- ! ™*nt i u n a d - ports ports jl "^>>rtedi|J U8ted Production Steel ingots Furnaces in Wast Production f Fabricated structural steel s United Prices M ££i£«™ S- Torts' i ration, ,[|?™s Peiunfilled , vHiancent New Shipof SdS?!^* or- ments ! end of co"- I cat pac- ders month tent) ity Iron Steel and billets, Steel Comsteel Besse- scrap, posite commer Chi- finished pos- (Pitts- cago steel ite burgh) ! : 1930: May 1931: May June July August September October __ November December 1932: January February March April May Monthly average, J~anuary through May: 1930 1931 1932 1 Monthly average, 1923-1925 = 100 ThouNura- : sands of Per ber long cent ' tons Thou sands of sho rt tons Thousands of long tons 91.6 95.5 196 47 3, 233 180 3,983 74 279 265 4,059 30 66 60 58 50 45 45 i 51 42 1 74.8 72.6 1 72.1 i 70.3 | 67.4 I 66.2 65. 3 65.4 64.9 57.6 52.4 50.6 45.2 43.9 4.1. 2 41.0 95 1,994 1, 639 1,463 1,281 1, 169 1,173 1,103 980 105 91 82 76 73 70 67 56 2, 506 2, 076 1,886 1,719 1,548 1,592 1, 594 1,302 45 38 34 I 31 28 ! 28 30 24 152 172 160 124 194 109 91 98 145 159 181 168 149 144 112 123 3,620 3,479 ! 3,405 l 21 37 38 70 59 60 57 30 31 28 22 25 23 23 18 43 41 ! 34 i 32 30 64. 0 62.4 60.9 59. 0 56. 5 36. 3 37.2 35.4 32. 1 30. 4 41 40 50 58 80 25 20 35 29 33 973 964 967 853 784 61 64 60 60 53 1, 461 1, 460 1,411 1,240 1,107 27 28 25 23 20 48 62 64 65 91 66 i 78 82 68 | 72 92. 3 76. 3 60.6 | i 95. 8 66. 8 34.3 213 98 54 42 32 28 3, 065 1, 893 903 180 109 60 4, 032 2, 637 1,336 78 48 25 249 187 66 265 155 73 ! 104 109 71 36 Adjusted for seasonal variation. 126591—32 Thousands of long tons 3 1173 1 i I i Doll a rs per loiig ton Dollars per 100 pounds 33.84 32. 50 12.50 2.35 2, 735 31.39 31. 02 31. 05 22 31.05 27 31. 03 30.81 21 9 i 30. 61 30.32 8 29.50 29.00 29.00 29. 00 29. 00 29.00 29.00 28.80 8.88 8.75 8.75 8.38 8.20 8.00 8.00 7.80 2.21 2.19 2.20 2.19 2.20 2.18 2.18 2.16 2, 648 2, 546 2, 472 17 3 2 29. 98 29. 56 29.62 29. 75 29.62 27. 75 27. 00 27.00 27.00 27.00 7. 50 7.15 7.12 7.00 6.40 2.11 2.11 2.17 2.17 2.17 34.84 31.60 29.71 33. 10 29. 90 27. 15 12.94 9.79 7.03 2.41 2.22 2.15 3,169 i 3,145 ! 3,119 2,934 i 2,327 14 2, 177 2 4, 387 3,922 2,434 29 17 8 18 SURVEY OF CURRENT BUSINESS July, 1932 Textile Industry T?UETHEE slackening in demand and lower prices -*- for their products caused textile mills to again curtail output during May so as to keep production more in line with new orders. The Federal Reserve Board's seasonally adjusted index of textile production in May averaged only 60 per cent of its 1923-1925 monthly average, as compared with 65 per cent in the preceding month. Employment in the textile industry decreased 6.5 per cent after adjustment and pay-roll totals fell 16 per cent. Consumption of raw cotton per working day averaged 13,037 bales in May, 9 per cent less than in April, and aggregated only 332,439 bales for the entire month. New England mill consumption totaled 36,106 bales, 61 per cent less than in the same month of last year, while consumption in cotton-growing States, 287,655 bales, was 21 per cent less. Spindle activity decreased from 70.7 per cent of capacity on a single-shift basis in April to 63.3 per cent in May. Cotton-cloth production in the latter month, as reflected by the output of 300 classes of cotton goods, averaged 45,929,000 yards per week, 11 per cent less than in April and 19 per cent less than in May a year ago. As a result of fewer new orders and an increase of 5 per cent in ship- ments, unfilled orders on manufactiirers' books at the end of May were 11 per cent smaller than at the end of April. Sales in May were 18,000,000 yards in excess of cancellations, a much more favorable showing than in the preceding month. Weakness in prices of several constructions caused the index of cotton-goods prices to fall 4 per cent. A further slowing down in most branches of the woolen industry occurred in May. Consumption of wool decreased from 19,954,000 pounds in April to 16,519,000 pounds in May, a reduction of 17 per cent; activity of worsted spindles decreased from 29 per cent of capacity in April to 25 per cent in May, and looms from 21 to 18 per cent of capacity. Operation of woolen spindles increased 15 per cent and that of wide looms did not change. The decline in wholesale prices of woolen and worsted goods, 2 per cent, was smaller than in the preceding month. Raw-silk deliveries to American mills decreased 8 per cent from April to May, reflecting a smaller consumption, and were the smallest since June, 1930. A further drop of 7 per cent was shown in prices of silk arid rayon, and in May prices of these goods averaged 71 per cent lower than in 1926. TEXTILE STATISTICS Cotton manufactures Woo! Cotton textiles (23 groups of textile constructions) fi <y 3* Wool manufactures Spinning spindles Silk Silk and rayon Looms Year and month I5 > Per cent of active hours to total reported Month-1|! Monthly av- Bales of ly avera ere, 133 erage, 1926= pounds 1926= 100 100 60 October November December. 1932: , J aauar y ) FebruaryMarc April May. Monthly average, January through May: 1930 1931 1932 52 58 45 26 30 7,366 | 63,258 63,740 6,6>)9 j 54,119 ' 56,794 5,902 51,703 I 53,639 1 Weekly average. 60 57 42 J i i | I 53 ' I 51 ! 37 , 29 i 25 ! 52 57 39 Grease equivalent. 25 22 26 21 18 61 i 48 ' 28 i 49 ! 56 I 43 I 72.4 45.3 33.6 19 SURVEY OF CURRENT BUSINESS July, 1932 Miscellaneous Industries MACHINERY and pay rolls in the machinery EMPLOYMENT industry again declined during May, a continuation of the trend of the past two years. New orders for foundry equipment showed an upturn during the month, the first since February. Shipments of equipment, in keeping with the expanded new orders, were also higher. New orders for machine tools at 25 per cent of the 1922-24 average showed a slight loss from the previous month while shipments dropped to a new low. New orders for woodworking machinery, increased 10 per cent over April, although shipments were markedly lower. FUELS Production of both anthracite and bituminous coal recorded declines from April, an important factor in the decline of total industrial output. Crude petroleum output declined, but the demand for refined products increased in recent weeks with a consequent lowering of stocks. PAPER AND PRINTING Employment and pay rolls in the paper and printing ndustry during May declined. As compared with April, 1931, employment fell 11 per cent and pay rolls 23 per cent. Newsprint paper output during May amounted to 88,087 tons in the United States and 175,887 in Canada. These figures represent slight losses from the production of a month ago. In contrast with May, 1931, the declines were more marked. For the year to date American production amounted to 460,760 tons, which was 33,464 tons lower than the corresponding period in 1931. CEMENT, CLAY, AND GLASS PRODUCTS The adjusted index of employment in the industry for May at 45.8 per cent of the 1923-1925 average showed a loss of 5 per cent ironi the preceding month, and pay rolls were tJso reduced. Incieases during May occurred over the previous month in the production a^d shipments of I ortland cement, but the increase was of a ^e^?onal character. The output of Ulumiiiiiting glassware and polished, pis to glass recorded declines from the m"7iih of April, while the output of glass containers c r ;ralecl the production of the previous month. Although no change occurred over the production of the previous month, increases were evident at the end of May in net new orders and stocks. MISCELLANEOUS INDUSTRIES \ Year and m o n t h ^ s 50 \! = Foundry equipment s 3 a o ! l 3< ; S i * 3 i &< 1930: May ' 1931: ! Mav -- - J u n e _ _ _ - - - - - - - .. . __ July August- _ _ __ _ _ _ September October _ _ . _ _ _ November _ _ _ December . 1932: January February _ _ _ _ _ _ March April _ Mav Monthly average, January through May: • 1930 ; 1931 1933 __. BitroAn- tu- Crude leMachine Woodworkjii?? mathra- mi- petro- mn tools chinery cite rious leum rece-,1 ft ning j[ if 33 ^ 3D S if £o 01 05 .Erf v ,1 Si II ~ 3& 2 Monthly average 19231925=100 Mou ihlv r.v % ra.jc 1 ! ) '. _•1&J1 = 100 102.3 .' 108.3 Production, adjusted Thoi is an is of u )llar> M o n t i . ly avenu re 1923- 925=10!) ",.i JJ f r-fi 5s fc Short tons Cement, clay, and glass products Cement production, adjusted or, *3 Pay rolls, unadjusted 1 !1 Employment, adjusted 1 Pay roils, unadjusted Fa p er and p r a n t i n g Fuels Km ployment, adjusted Machinery M o n t h i v nverage 1923-1925 = 100 92.7 149.4 135 197 779 723 85 93 128 171 118,093 79. 3 76.9 116 67 8 62 4 57 4 54 9 51 2 50 2 48 3 48 9 54.1 40.9 38.7 16.9 31.9 45.9 1^2 26. 3 118.6 90.4 55. 7 37.4 29.6 26.2 32.9 24.9 87 62 72 56 45 51 68 96 95 72 96 92 85 50 57 487 503 533 447 345 377 312 310 513 463 448 572 379 347 257 361 75 75 70 75 74 74 70 70 71 67 64 122 122 122 107 102 116 122 121 161 159 160 161 159 159 155 149 95.3 93. 6 93.0 93. 0 91.1 91.0 89. 7 89.2 ! 100.0 96. 6 ; 93.6 ' 93. 1 ! 90.4 ! 91.4 ; 90. 6 ; 91.0 101,202 101,086 99, 548 88, 344 91,241 97,117 94. 149 93, 861 65. 4 64. 4 62.7 60. 1 59. 4 57.6 55. 9 55.0 56. 7 54.4 49. 4 48.1 46.1 43.9 40.9 37.4 94 93 90 83 79 75 67 61 44 5 45 0 42 6 39 1 35 9 20.5 32.9 27.9 13.8 1« £ 28.8 15. 7 38.3 21.4 24.5 59 38 33 41 39 47 44 52 51 32 209 220 246 150 165 248 250 195 199 152 54 58 63 70 55 45) 111 109 109 112 192 140 141 136 144 88.3 87. 2 86.2 85. 7 8:4.3 i 85.5 i 83. 5 | 82.4 \ 79. 7 | 77.0 94, 247 87. 157 100, 034 91,235 8S, 087 51.6 51.4 50.1 48. 4 45.8 31.1 32.9 32.2 31.7 30.2 65 56 53 46 40 i 107.0 I 113.2 147.2 79 2 i 70 3 81.2 58.5 41.4 22.7 190.9 74.3 25.7 169 92 42 211 85 45 935 492 198 988 477 209 84 81 65 93 76 59 130 115 109 167 152 103.6 114.3 95.1 | 100.9 88.3 I 81.6 115,727 98, 845 92, 152 80.6 65.0 49. 5 73.0 52.9 31.6 116 90 53 76 3 73 4 70 3 67 8 67 3 65 6 64 6 64 5 ! 61 8 61 2 ; 59 2 56 4 ' 54 i 62 65 74 66 69 81 81 49 103.2 ; 113.3 SURVEY OF CURRENT BUSINESS July, 1932 WEEKLY BUSINESS INDICATORS 1931-32 [Weekly average 1923-25=100] 1931 Mar. 7 14 21.— 28 Apr. ' Klectric power ft -d a Bituminous coal 1 Stock prices Com ni e r c i a l failures Money in circulation Interest rates, time loans Interest rates, call loans Total loans Time deposits Net demand deposits Bank debits outside N. Y. C. Detroit factory em ment Receipts !; I i 5 03 : : 13 .: i "o ',! « j ; ; 5 i a ;: § i s 3 ' HZ " i2 i ° ft* ; OQ .' 5 103.6 105.2 101. Oi 108.9 123.5 123.0 124.2 123. 8 W ! ^ 1 58.9 61.1: 76.0^ 76.3 66.4 66.1! 118.0 62.3' 67.9 43. 5j 80.9 52.3 80.7' 79.4' 75.3 76.0 29.2 22.3 33.5 22.3 4 ... 11— 18— 25— May 2. 9. 16. 23. 30. , 93.4 |-110.5J 87.5i 77. 9 j 84. 0! 77.2 79.6 81.1 78.7 ! 98.2i 76.4 78.5 71. o; 75. 8 70.3! 75. 7 78.8 76. 7; ~77.~8 74. 2j 80. 4| 88.2! June 6 13 20.) 27 75. 9 74.2 73.5 73.9 79 ? 78. 6 76 8 75. 5 70. 0! 69.7! 70.0 70. 3 1 79. 4 1 75. O 1 75.0 "78" 9 76. 3 74. 8 1 75. 0 74.9 79.6 July 4 11[ 18.* 25. 74 7 74.7 74.2' 73.2 76 6 77.2 76 7 75.4 70.6^ 70.4 69.8 69.5! 75. 1 69.7i i 75. 1 72.0 > 79.61! 68.2! 79.0(1 74.8 74.8 66.4 77.4 el. 8 222 29.3 73.8 72.3 72.4 71.9 70.7 73.4 73.9 73.6 71 * 71.0 69.3 69.5 69.5^ 69 4 68. 9; 79.0 75.0 75.0 75.0 ~5i.~5 77. 5|l1 53.2 78. l! 75.0 75.0. 64.1 79.7 50.0 5 Sept. 5. 2 12. 9 19. 3 26. 69.6 70.0 68.7 67.9 72.7 72.0 71. 5 72.3 68.9' 68. 9 68.9 68.6 1 79.2 75.0 75.0 68. 7 ' 69. 6 | 70.4 ] 77. 5 1 75.0 74.9 57.3' 77.0 J S 1 . 0 68.5 68.0 66.4 i 66.0 65.4 «s i 72.2 73.1 70.9 68.7 : 68.2 : 68.1 68. 1 68.2 68.5 68.5 i 81.1 74.9 79.7 74.4 74.3 50.3' 79.4 "46." 1 ' 80.3 74.3 74.1 67. 6, 77.2 i"41."7 A7 0 AQ Q 7/1 n Nov. Production i 75.4 _ 6.4|i 96. 9! | 76. Si S 82.5 fill ! 77.3" 76.7 '• i Finance Wheat i "ft Carloadings Construction tract awards Fisher's index Iron and steel composite Business Week Week ending Saturday » New York Times II . Business Wholesale prices activity 1 <7 73.11 7 6 . 1 ! i _ _ _ _ 72.0 75.8; 71.8: 75. 8: 163.4163. 7j 163.2! 163.411 163. 2 120.0 119.4! 119.41 119.3' 118.51 118.8 61.8 118.5 60.5 116.5: 57.9 117.0 56.6 96.2! 126.3! 106. 71 131.0 1)0. l i 129.71 106.3 126.0 36.4 36. 4 36.4; 36.4! 76.6 :::.. "A 8 70.0 70.1 69.3 67.5 96.6 119.2 46.1! 76.3 21.3 117.2 44.7; 76.6 22.3 69.3 £2 -73:2 , 61. 0 57.91, 63.7! 71.3, 19. 3i! 55. 9|| 68.6;; 68.3 60.4 61.0 61.4 60.5 113.1| 112.71 114.11 113.9J 112.8! 38.9 38. 2! 34. 3| 34.3 99.81 100. 01 99.4 99.2 101.5: 95.61 105. 2 : 115.2 106.61 107. ll 106. 91 106.9, 144.2 139.5" 134.7.' 134.8: 70.0 65.31 66.4! 66. i j 96.5 96.3 98. 99.0 34.3 34.3! 34. 3j 37.31 40. Ol 99.11 100.4! 101.3! 102. 3 j 103.2 118.7! 117.0! 110.8 109.1 107.1 106.4! 105.6! 104.7! 103.9 103. 6j 129.8 126.7 128.9 128.0 126.5 66. 6' 66.6; 68.4! 69. 6! 73.3! 98.6 109.6 97. 81 98.6! 98.3 113.8; 97. 3 104.7 118. 7 104.2; 123.8 103.3! 115.6 101.4! 107.3 70.9 99.4! 102.2 : 72.8 108.8 111.9 113. 1 113.71 113.5! 133.4' 127.3! 130.7! 135.4! 130.2' 91.4! 114.3! 91. 4j 114.0! 85.7! 113.2J 80. U! 113.01 i i 80. o! 113. 8! 80.0 113.91 80.0: 115.31 80. Ol 117.9! 126.5, 130.5! 144.5 120. 9j ! 135. 1 141.3' 163.9 138.3 32.7 9.2 10. 4 31.9. 50.0 56.2 54.2 53. 5 56.7 61.3 307.5 248.1 162. 3 149.3 144.7 98.2 83.8 95. 0 92.1 99.8 105.7 38.2 99.6 105.3 3 6 8 83. 5 67. 7 79.7 86.9 89.2131.9' 85.1 176.5 58. 6 56.7 58.2: 60.6; 1C8. 0 117.7 112.1 120.0 103. 1 103.8 117.0 114.3 116.7 39. 5 38.2 36.8 36.8 39.5 95. 6 2f 6. 5 103.2351.9 104.4324.2 120.3 2S6 5 109 8311.5' 72. 4> 69.2, 72.6 77.5 88.9 93. 8 69.5 73.8 106.4 115.3 67. 1 106.0 107.2 67.8!1 67. 4 , 10") 3 62.5 95. 9M 03. 8 74.4 62.8; 95.4 104.2 2^. ( . 32.9 31.2 36.8 35.5 54. 1 126.9 90.0 : 73 4 136. 2 113. 4 70 9146.5 109.6 64.2120.4103.5 60' 4 149. 6 118. 8 31.8 41.4 47.3 52.7 60.6 55.7.88.5 53.5 82.7 62.3 62.7 59.5 77.3 70.1 69.5 64.9. 63. 0[ 61.3 42.9 35.0 27.8 30.31' 62.7 28. 9: 61. 7' 28.9 60.9 30.3 63.3 31.6:67.4 74.6 58.7' 46. 2 63. 5 35.8 76.1 41.5 71.3 37.3,71.5; 22.8 29.3 38.2 55.2 43.0 76. 9J 98. 81 76.8! 99.2 99.4 98.9 99.2 94.91 96. 31 95.0! 92.8! ! 90.0; 87.9! 83.9! 85.8! 100.0. 101.7 92.7! 85.5 76. 51 78. 9! 69.1!! 74. 0 120.1 122.7 120. 0 125.2 84.1 83. 1 78.4 74.7: 75.4 130.1 129. T 128. 9 128.3' 127.3. 104.81 104.6 104. 3 60.6 103.5 60. 6! 102.9 60. 61 84.6! 91.41 87.5! 85. 7j 85.7! 116.7 150.4! 117.0 181. Cr 116.3 191.9, 116.0! 210.1 115. 7 199.5! 92.4! 91.8! 91.6! 91.1 126.7! 126.41 125.7! 125.4! 102.7 101.7 101.5 100.9 60.6: 60.6 60.6 60.6! 85.7 84. lj 85.7 85.7! 116.2! 116.2! 115. 9| 115.4! 191.6 170.3 184.5 156.5 100.71 99.5J 99.1 98.0! 60. 6! 60.6 60.6 1 60.6! 84. S| 80.0! 79.11 70.9| 115.21 H4.6! 114. O 1 113.2! 161. 9' 168.3: 174.0 154.3 91.2 92.3 92. 3j 90.9 60.6! 60.6! 60.6 60.6! 60.6 68.6: 68.6! 63.8! 55.3! 46.6J 112.6! 112.7' 112.2: 112. lj 111.8! 149. 9 149.1' 160. 4: 162. 9! 164.6 60.4! 88. 8! 103.4 45. 4! 87. 9| 106. 9 48.4! 88.9 104.8 46. 3i 88.2 108.9 46.2 87.3 104.6 91. I j 125. 7| 58.0 58.3 j.3i 71.4 j 24.8! 60.0! 68. Oi. 65.2!; 90.8 126.0, | 61. O j | [; 68. 6 91.0 125.4' 57.6 63.11 71. 4 I 89.8 125.2 56.8 i 79.4 77.2 75. 3 92.4 99.7 97. 7 97. 4 99.3 96. 0 98.3 97.5: 96. 4i 95.0l 94. 81 88. 4| 87.4! 88.5: 89.11 40.8' 42.1 43. 4 42.1 40.8 2. 7 1.6 9. 2 ' 6. 4'' 70. 9i 95. 4 61.8! 94.8 64. 9J 92. 64.11 90.8 102. 8: 35. 5 103.0 34.2: 103.6: 32.9! 103.8 31.6: 30- 90.6 90.0! 90.9! 91.5! 92.3! May 7.. 14.. 21.. 28.. 91. &! 56. l! 58.3! 61.4 71.6-1 32. 7| 54.0 69.0 60.9, 92.3 92. 2! 55. 7i 57.1: 61.1 71. 5 i 33.9! 53.8 65.5 55.4 57.3|! 60.2 71.4^ 44.9! 54.3 69.6 57.8 92.4| 125. 8J 94.8| 60. 6 125.9| 93.8! 60.6 125. li 93. 3 60. 6; 125.1! 92.7 60.6. 45.7! 38. 2 1 34. 3| 34.3! 112. 5 j 112. 4 ! 112.4! 112.0! 147.7; 82.6! 50. 5'I 43.8 162.7! 82. 2| 50.1 176.9- 79.51 49.8 42. Ol 44.7 41.6| 174.0; 85.8 86.3 86. 2 85.5 108.1 107.4 106.8 104.1 31.6;! 32.9' 31.6} 30.' 64.6 58.9 57.0 62. 7 19.2 25.8 19.2 31. 9 66.6! 49.9 75.7 71.8 70.0 90.9 79. 2 91.6 June 4. 11. 18. 25. 55. l! 55.9IJ 60.2 71.4: i 4f. 7 ... 71.0 91.9! 54.8! 56.41! 59.6 71.4 i 27.7! 52.3 70.8 64.8, 91.0! 55.4 55.511 59.3 71.3! 26.5! 54.1 61.4| 92. 1! ' 59.5: 71.3 i i04. 9 90.4' 124.91 124.01 123.5; 122.8' 34.31 34.3! 34.3: 34.3 112.81 112.7! 113.0; 114.41 136. T 140.3 147.7! 150.6! 75.4 41.7 40.3 79.11 41.7 38.9 79.0 42.9 29.2 79.1 :2.9 86. ll 86.61 I 104.7 26.3' 104. 8 23. : 105.5 21.1 103.5 19.7 48.7 57. 9 58.5 60.1! 26.2 17. 7 11.8 19.6 62.6 73.8 61. 9 60.9 61.2. 45.6. Apr. 2.. 9.. 16.. 23-. 125.3 124.7 124.2! 124,7J 125. 4| 97.7| 96.5! 95.81 95.81 95.11 93.1 91.21 92.1 90.5 60.6 60.6 60.6 60.6, ! I I 1 Sources of data: Composite business index, New York Times; composite business index, Business Week, McGraw-Hill Publishing Co.; Fisher's wholesale price index, The Irving Fisher Syndicate; iron and steel composite price, Steel; construction contract awards, F. W. Dodge ^Corporation; frejght-carjoa dings, American Raiiway^Assoaationj Detroit factory employment, Detroit Board of Commerce; bank < Company; bond prices, interest rates, and steel ingot production, Wa merce, Bureau of Mines; electric power production, National Electric ... „ . Departmnct of Agriculture; cotton receipts. New York Cotton Exchange: wheat receipts, Bradstreets. 2 The actual week does not always end on the same day. Earlier data will be found in the March, 1931, issue. SURVEY OF CURRENT BUSINESS July, 1932 21 WEEKLY BUSINESS INDICATORS [Weekly average, 1923-1925 = 100] 1931 1932 Item 1930 1929 June June June June June June June June June June 18 22 11 27 20 25 13 28 21 29 Business activity: New York Times * 55.4 54.8 73.9 73.5 74.2 91.3 90.9 110.1 108.9 Business Week * 1 55.5 56.4 75.5 76.8 78.6 100.3 94.7 107.8 110.8 Commodity prices, wholesale: Department of Labor, 1926=100— Combined index (784) __ 63.7 63.8 Farm products (67) 45 4 45 8 Foods (122) 58 5 58 6 Fisher's, 1926=100— Combined index (120) . . _59.5 59.3 59.6 70.3 70.0 69.7 85.7 86.2 97.7 97.5 Agricultural (30) 42.9 42.5 42. 6 62.1 61.4 60.4 88.0 88.8 101. 6 101.2 Nonagricultural (90) __ 62.9 62.9 63.4 72.8 72.8 73.0 84.2 84.6 95.5 95.5 Copper, electrolytic 37.7 37.7 37.0 57.2 56.5 58.0 84.1 85.5 129.0 129.0 Cotton, middling, spot 19.5 19.5 18.8 38.2 32.4 32.0 50.0 51.8 68.0 68.0 Iron and steel composite. _ 71.3 71.3 71.4 74.9 75.0 75.0 80.8 81.0 89.0 89.3 Construction contract awards 138.2 78.9 172.8 26.5 27.7 79.6 Distribution: Car loadings.. 76.3 97.7 ~96.~6 114.4 ili.'e 54.1 52.3 79.2 Employment: Detroit factory 128.2 74.8 99.0 70.8 73.2 Finance: Failures, com'l (number) 150.6 147.7 140.3 103. 7 114.7 116.5 120.4 119.7 104.4 104.9 Security prices — Bond prices , 79.1 79.0 79.1 106. 5 106. 1 105.8 106.1 106.4 104.2 104.5 Stock prices 40.5 42.9 41.7 143.0 130.0 130.8 192. 2 197.7 268.2 261.2 * Computed normal=100. ^ Latest week is preliminary. 1930 1931 1932 Item 1929 June June June June June June June June June June 11 27 20 13 28 21 29 22 25 18 Finance— Continued: BankingDebits, outside N. Y. C. (da. av.) Federal Reserve reporting member banksDeposits, net demandDeposits, time Loan5! total Interest ratesCall loans Time loans _ Money in circulation Production: Bituminous coal__ Electric power f Lumber X Petroleum (da. av.) Steel ingots Receipts, primary markets: Cattle and calves Hogs Cotton Wheat 64.9 61.4 64.8 84.5 99.0 87.7 125.2 132.5 123.0 140.1 90.5 92.1 91.0 110.0 109.7 112.2 112.3 112.9 107.8 107.1 122.8 123. 5 124.0 158.1 158. 6 161.6 162.6 159.4 149.2 148.3 90,4 92.1 91.2 116.3 116.7 117.1 136.5 137.0 133.4 132.4 60.6 60.6 60.6 36.4 36.4 36.4 54.5 60.6 212.1 169.7 34.3 34.3 34.3 34.3 34.3 34.3 74.3 81.8 217.1 185.7 114.4 113.0 112.7 98.1 98.3 97.5 92.0 92.3 96.4 96.1 39.2 38.9 66.1 64.9 65.3 78.3 78.3 94.4 90.5 86.6 86.1 98.1 96.6 97.3 102.3 101.9 103.4 102.2 38.6 40.8 75.1 77.7 103.5 105.5 104.8 117.2 119.2 118.2 125.3 124.8 135.1 132.7 19.7 21.1 23.7 44.7 46.1 50.0 84.2 86.8 123.7 125.0 60.1 58.5 57.9 76.6 45.6 61.2 61.9 69.3 19.6 11.8 17.7 22.3 40.1 60.9 65.6 76.3 68.9 21.3 58.5 65.8 61.8 24.2 72.9 52.2 80.3 11.5 62.2 67.7 80.6 17.3 57.4 72.5 81.7 18.4 94.5 74.1 76.7 27.7 78.9 XAverage same week 3 latest years = 100. t Weekly average 1928-1930=100. WEEKLY BUSINESS STATISTICS 1931 1932 Item 1928 1929 1930 June 25 June 18 June 11 June 27 Tune 20 June 28 June 21 June 29 June 22 June 30 June 23 COMMODITY PRICES, WHOLESALE 0. 052 .053 1.61 29.52 .46 0. 051 .051 1.63 29. 56 .48 0. 079 .104 2. 10 30. 99 .60 0.078 .088 2.14 31.03 .74 0.116 .136 2.73 33.44 .84 0.118 .141 2.74 33.52 .90 0.178 . 185 3.32 36. 84 1.09 0.178 .185 3.35 36. 96 1.02 0.145 .228 3.36 35. 05 1.45 0.145 .218 3.34 35.20 1.49 3,417 2,847 3, 509 3,004 4,834 3,916 6, 375 4,588 8,948 5,810 10, 027 6,145 9,752 5,708 10, 144 6,496 8,670 5,420 11,071 6,431 2,766 66 496 1,692 2,830 36 502 1, 645 3,558 106 198 619 3,526 107 185 599 3,232 102 232 577 3,234 133 207 598 3,073 83 1,017 150 3,047 87 959 139 2,738 223 1,032 212 2,737 224 991 223 11,119 5,601 7, 572 4,338 11,515 4, 828 6, 687 2.50 1.50 3.65 601 5,485 10, 991 5, 624 7, 315 4,077 11, 397 4,798 6,599 2.50 1.50 3.68 571 5,473 13, 286 7, 169 7, 803 4,094 14, 540 6.703 7,837 1.50 1. 50 4.86 422 4,765 13, 255 7,191 7,843 4, 094 14,641 6,720 7,862 1.50 1.50 4.86 467 4,773 13, 566 7,273 6, 081 2, 877 17, 059 8,479 8,580 2.25 3.25 4.86 490 4,468 13, 638 7,228 5,989 2,849 17, 128 8,608 8, 520 2.50 3.58 4.86 487 4,482 13, 018 6, 763 5, 729 2,895 16, 678 7,539 9,139 8.75 9.50 4.85 425 4,683 12, 940 6, 724 5, 755 2, 935 16, 543 7,382 9,161 7.00 8.13 4.85 427 4,669 13, 204 6,930 6, 199 3,014 15,806 6, 888 8, 918 6.88 6.00 4.88 423 4,740 13, 290 6,916 6,215 3,045 15, 834 6, 911 8, 922 6.13 5.88 4.88 447 4,727 49,819 70.78 4, 456 41.68 36. 7 36.0 59.6 15.9 54,118 70.82 6,050 40.47 33.5 33.0 54.2 13.8 70, 232 53, 862 95.35 95.03 21, 620 7,110 138. 86 126. 26 93.1 103. 2 84.1 94.5 150.9 163.7 74.4 80.1 54,372 95.01 15, 038 186. 67 145.8 136.2 211. 4 122.1 63, 907 95.26 26, 487 192. 02 139.8 130.6 202.8 117.2 76, 630 95.35 19, 848 260. 47 195.9 194.5 246.1 149.7 55, 293 93. 55 17, 045 253. 71 191.7 191.5 237.4 144.6 53, 406 97.09 9,427 186. 31 144.4 147.5 146.4 125.7 49, 783 97.07 11, 043 181. 48 140.6 143.0 143.7 124.2 667 1,442 2,198 16 4,252 663 1,435 2,183 18 4,447 1,125 1,635 2,442 34 12, 779 1,106 1,610 2,482 35 1,333 1,704 2,611 64 27, 746 1,333 1,698 2,599 66 1,580 1,723 2,815 94 22, 186 1,541 1,703 2,765 95 1, 430 1,480 2,384 72 23, 062 1,421 1,480 2,376 72 245 583 65 48 1, 358 38 518, 409 71,544 17, 140 25, 873 15,360 175, 925 4,290 208, 277 13 2,248 35 501, 760 69, 480 17, 074 24, 623 15, 212 176, 681 3,141 195, 549 25 1, 739 225 759, 290 124,216 30, 621 41, 859 18, 810 216, 229 30, 152 297, 403 12 2,028 135 739,094 114,782 30, 555 32, 771 19, 549 217, 136 30, 640 293, 661 49 1,828 231 936, 690 146, 912 47, 947 48, 846 20, 543 239, 544 61, 034 371, 864 74 1,619 165 920, 645 141, 831 49, 637 39, 697 21, 325 240, 756 63, 193 364, 206 154 1,031 285 1, 096, 569 174, 332 69, 498 51, 963 22, 973 260, 705 76, 657 440, 441 103 594 182 1, 069, 874 165, 746 70, 903 45, 327 23, 353 259, 376 75, 432 429, 737 177 512 192 1, 003, 699 155, 994 66, 809 36, 797 24, 213 258, 899 68, 335 392, 652 188 394 134 987, 360 154, 284 67, 312 33,397 24, 380 256, 466 65, 525 385, 996 thousands.. 190 296 thousands 51 thous. of bales thous. of bush-thous. of lbs._ 2,134 185 397 32 3,184 14, 356 183 402 46 4,840 4,568 242 450 58 5,213 10, 527 241 447 58 4,644 8,736 165 521 30 4,940 20, 752 214 523 45 4,558 13, 599 229 530 48 7,509 12, 498 234 498 72 6,266 9,331 242 498 69 4,247 12, 048 230 539 61 2,887 10, 664 dolls, per lb__ 0. 052 .053 dolls per Ib dolls, per lb_. 1.62 dolls, per ton__ 29. 52 dolls, per bush.. .43 Copper, electrolytic, New York Cotton, middling, spot, New York Food index (Bradstreet's) _ Iron and steel composite Wheat, No. 2, hard winter (Kansas City) FINANCE Banking: Debits, N Y. C mills of dolls 3, 141 Debits, outside N. Y. C mills, of dolls 3,009 Federal reserve banks2, 766 Reserve bank credit, total mills, of dolls 54 Bills bought mills of dolls 488 Bills discounted mills, of dolls U. S. Govt. securities mills, of dolls_. 1,730 Federal reserve reporting member banksDeposits, net demand mills, of dolls 10, 926 Deposits, time . ... _ . mills, of dolls. . 5,568 7,522 Investments, total mills, of dolls U. S. Govt. securities mills, of dolls.. 4,298 Loans, total mills, of dolls 11, 297 On securities mills, of dolls.. 4,778 All other mills, of dolls 6,519 Interest rates, call loans . per cent-- 2.50 Interest rates, time loans. per cent-- 1.50 Exchange rate, sterling (da. av.) dollars.. 3.61 613 Failures, commercial _ . . _. number Money in circulation . „ mills, of dolls. _ 5,556 Security markets: Bond sales, N Y S E thous dolls par value 58, 078 Bond prices, 40 corporate issues dollars _ 70.81 3,042 Stock sales, N Y S E thous of shares Stock prices (50) (N. Y. Times) „ dolls, per share-- 39.31 Stock prices (421) (Standard Statistics) . 1926=100 34.5 Industrials (351) 1926-100 34.0 Public utilities (37) _ ._ 1926=100.. 55.0 Railroads (33) 1926=100 14.9 PRODUCTION, CONSTRUCTION, AND DISTRIBUTION Production: Bituminous coal (da av ) Electric power Petroleum _._ Steel ingots Construction contract awards (da. av.) Distribution: Exports — Corn _ Wheat . . Wheat flour Freight-car loadings, total Coal and coke _-~ _Forest products Grain and products . Livestock Merchandise. 1. c. 1 Ore . . . . Miscellaneous ReceiptsCattle and calves Hogs Cotton into sight Wheat, primary markets Wool, total, Boston thous of tons mill, of kw. hours.. thous. of bbls.. "2," 156" per ct. of capacity... 15 thous. of dolls_. thous. of bush.. thous. of bush thous of bbls cars . . .-.cars.cars_. . . . cars cars.. cars _. cars . cars . 22 SURVEY OF CURRENT BUSINESS July, 1932 Monthly Business Statistics The following summary, showing the trend of industrial and commercial movements, represents a continuation of the data in the 1932 Annual Supplement of the Survey of Current Business which contains figures for earlier years and explanations of the sources and basis of the figures quoted. Later data will be found in the Weekly Supplements of the Survey. The arrangement of months was changed with the June, 1932, issue. 1932 Earlier dataf together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey May 1931 May June July 1932 | October No^mAugust September D «£ D - ! January February March April BUSINESS INDEXES BUSINESS ACTIVITY (Annalist) Combined index _ __ Automobile production Bituminous coal production Boot and shoe production Carloadings, freight . Cotton consumption Electric power production Pig-iron production Steel ingot production Wool consumption _ Zinc production js'Sfufcto... normal=100_. normal = 100.. normal=100_. _normal=100__ normal=100__ normal =100 normal=100._ normal=100__ normal = 100. . normal = 100. _. normal = 100. . 53.1 41.6 47.7 84.0 51.2 55.7 68.8 22.5 23.2 2 78.1 75.3 73.6 110.8 76.2 77.0 83.7 58.3 54.2 108.0 49.3 76.5 63.8 73.7 103.5 73.7 81.1 84.2 52.8 48.4 110.3 49.1 78.2 59.6 73.8 103.3 74.0 89.2 86.0 47.4 45.6 129. 8 44.8 73.5 49.4 71.4 103.9 70.7 81.7 81.7 42.0 40.9 115.0 44.3 70.8 40.4 69.4 94.5 67.3 83.9 81.8 39.4 37.3 101.3 45.3 66.3 26.2 68.3 74.4 67.9 74.1 78.1 37.4 35.5 82.1 44.1 65.1 33.4 66.6 71.9 65.8 72.8 76.2 36.3 40.7 75.4 41.9 65.5 59.7 64.6 80.7 65.6 72.1 76.9 31.9 32.7 67.8 43.0 62.8 43.7 57.1 82.3 62.8 70.3 73.5 31.5 32.7 71.0 41.6 62.6 33.5 62.5 90.7 61.7 71.5 73.1 31.5 31.1 71.7 41.9 61.6 27.4 74.5 2 97.1 60.1 73.2 272.3 27.9 26.4 60.6 41.3 83 82 74 115 83 91 60 95 48 68 100 158 130 135 91 144 85 66 66 68 90 59 124 47 52 83 82 65 93 83 89 60 99 47 68 107 159 108 108 96 132 86 75 74 67 46 58 122 47 54 80 79 63 110 87 87 54 97 41 62 95 159 111 107 93 131 85 57 67 57 113 60 125 40 45 82 82 60 90 87 88 58 98 42 65 109 160 114 73 100 121 86 70 74 59 56 62 122 47 49 78 77 56 107 84 76 49 113 40 63 94 161 93 100 94 126 82 62 69 58 120 63 109 45 46 78 78 52 83 88 75 50 102 38 65 105 161 94 68 99 118 79 62 70 59 59 66 107 45 49 77 76 43 99 92 58 44 108 36 64 95 159 77 82 101 130 82 66 74 59 99 61 105 40 47 76 75 40 79 93 57 45 95 36 65 104 159 80 82 100 118 77 65 70 60 52 65 102 42 49 75 72 23 85 92 56 44 88 34 ,3 71 22 67 95 46 47 75 26 68 66 36 47 99 73 37 71 25 71 70 38 40 98 66 41 79 24 71 70 37 34 91 81 43 91 23 68 66 34 38 83 51 39 94 28 64 63 45 45 84 61 35 87 30 91 159 67 70 95 120 92 95 78 91 156 63 118 92 117 84 68 75 85 149 61 66 83 91 80 68 68 99 140 85 17 94 116 74 59 65 100 141 93 116 91 104 75 62 66 99 136 81 151 83 203 77 67 70 166 144 82 111 67 100 72 85 46 71 68 117 40 46 73 71 26 75 92 56 45 81 33 10 61 120 41 45 73 71 36 67 91 48 51 77 27 62 117 43 46 74 73 66 61 97 98 42 82 27 60 107 35 48 72 71 45 65 93 75 43 85 27 56 107 33 49 70 68 35 56 90 75 41 89 23 56 107 30 48 67 64 28 53 84 47 34 92 27 45 112 42 45 64 61 35 46 91 55 32 89 28 100 159 76 96 93 111 84 74 71 97 155 84 134 89 113 81 66 67 97 149 88 86 88 113 85 69 64 101 140 92 24 89 124 77 54 58 110 141 85 164 86 114 78 58 63 99 136 73 194 83 109 84 81 70 97 144 70 115 65 109 79 81 55 39 89 90 98 111 87 114 72 99 51 72 104 160 136 145 96 137 84 75 65 68 42 73 124 51 55 87 86 78 94 89 105 66 107 48 73 111 161 115 115 97 135 87 75 75 68 28 75 122 53 54 41 66 116 41 47 12 58 122 38 45 62 121 43 45 59 111 35 45 54 109 31 46 55 109 30 45 45 112 45 44 83.0 77 3 71.1 79.7 93 6 94 0 109.8 101.3 104.4 109.2 118.2 119.1 101.7 91.5 98.4 102.7 114.3 106.4 97.9 95.7 100.6 92.1 117.5 96.8 97.3 99.5 89.9 90.0 112.8 108.8 100.4 104.0 97.0 92.6 113.8 102.3 97.1 103.3 87.5 87.4 113.2 102.2 98.8 99.6 86.4 89.5 119.3 111.0 89.1 89.2 84.2 85.2 100.0 98.3 93.9 89.6 87.2 89.5 108.1 106.0 98.8 95.4 93.0 93.1 106.7 103.7 88.0 84.2 83.7 82.4 95.2 97.0 84.0 80.5 73.1 78.3 293.9 96.2 83.0 109.8 101.7 97.9 97.3 100.4 97.1 98.8 89.1 93.9 98.8 88.0 84.0 71 2 89.7 71.3 55.9 43.6 53.7 57.4 65.5 78.1 83.6 85.3 72.8 64.4 125 2 120 4 75.6 70.4 133.8 126.8 81.0 97.2 132.7 136.2 85.4 86.3 137.7 147.0 83.8 76.9 137.6 146.4 77.1 79.4 144.6 142.0 81.9 82.2 142.0 136.5 81.8 82.2 138.9 144.0 75.2 76.4 118.2 124.8 79.2 67.0 134.3 127.2 67.6 81.9 137.1 129.5 90.6 86.8 125.1 114.9 86.7 78.2 125.0 117.5 73.9 76.1 36.0 56. 5 232.7 54.0 289.0 58.2 56.8 270.4 24.9 25.0 45.0 240.0 INDUSTRIAL PRODUCTION (F. R. B.) Total, unadjusted 1923-1925=100.. Manufactures, unadjusted.. . 1923-1925 = 100_ . Automobiles 1923-1925 = 100.. Cement 1923-1925-100 Food products 1923-1925 = 100.. Glass, plate 1923-1925 = 100. _ Iron and steel 1923-1925 = 100.. Leather and shoes 1923-1925 = 100 Lumber 1923-1925 = 100 Metals, nonferrous 1923-1925 = 100 Paper and printing 1923-1925=100. Petroleum refining 1923-1925 = 100 Rubber tires and tubes 1923-1925=100 Shipbuilding 1923-1925 = 100.. Textiles _ 1923-1925 = 100.. Tobacco manufactures 1923-1925 = 100.. Minerals, unadjusted 1923-1925 = 100.. Anthracite 1923-1925 = 100 Bituminous coal .. _ .1923-1925 = 100. _ Copper (mined) 1923-1925=100 Iron ore shipments . 1923-1925=100 Lead 1923-1925=100 Petroleum, crude 1923-1925 = 100 Silver 1923-1925-100 Zinc . 1923-1925 = 100 Total, adjusted . 1923-1925 = 100 Manufactures, adjusted 1923-1925 = 100. . Automobiles ...1923-1925=100 Cement 1923-1925 = 100 Food products . 1923-1925=100 Glass, plate 1923-1925-100 Iron and steel . 1923-1925 = 100 Leather and shoes 1923-1925=100 Lum ber 1 923- 1 925 — 1 00 Metals, nonferrous 1923-1925 = 100 Paper and printing 1923-1925 — 100 Petroleum refining 1923-1925 = 100 Rubber tires and tubes 1923-1925 = 100.. Shipbuilding.. ., 1923-1925=100 Textiles 1923-1925 = 100 Tobacco manufactures 1923-1925 = 1 00. . Minerals, adjusted 1923-1925 = 100 Anthracite 1923-1925-100 Bituminous coal 1923-1925=100 Copper (mined) 1923-1925=100 Iron ore shipments . 1923-1925=100 Lead . . . 1923-1925 = 100 Petroleum, crude. 1923-1925 = 100 Silver 1923-1925 = 100 Zinc 1923-1925=100 62 57 55 87 36 33 79 31 61 111 62 49 43 3 48 103 40 61 60 45 46 88 33 30 86 29 60 110 64 49 49 2 49 102 INDUSTRIAL CONSUMPTION OF ELECTRICAL ENERGY Consumption, by geographic sections: Total, United States. .. . 1923-1925=100 Middle Atlantic 1923-1925=100 New England 1923-1925=100.. North Central 1923-1925=100 Southern.. . 1923-1925=100 Western 1923-1925=100 Consumption by industries: L Total, all industries —.1923-1925 = 100.. Automobiles, including parts and accessories 1923-1925 = 100 Chemicals and allied products 1923-1925 = 100 Food products 1923-1925 = 100 Leather and products 1923-1925=100.. Lumber and products 1923-1925=100.. 1 Revised. SURVEY OF CURRENT BUSINESS July, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 1931 1932 Annual Supplement to the Survey 23 May May June July August 1932 1 - October I Nob^m- Been. January F ar^ March 66 0 101 7 64.8 61 6 95 g 59.7 69 0 114.4 96.8 2 84 5 81.0 2 86 0 64 7 105.5 88.3 91 1 98.7 69 6 55 90 105 148 75 109 41 «51 50 54 MO 99 58 241 52 68 2122 April BUSINESS INDEXES—Continued INDUSTRIAL CONSUMPTION OF ELECTRICAL ENERGY-Continued Consumption by industries— Continued. Metals, group 1923-1925=100 Electrical apparatus 1923-1925 — 100 Metal-working plants 1923-1925 = 100.. Rolling mills and steel plants 1923-1925 = 100 Paper and pulp .1923-1925=100 Rubber and products. 1923-1925=100.. Shipbuilding 1923-1925 = 100 Stone, clay, and glass 1923-1925=100.. Textiles 1923-1925=100 95 3 56.3 98.5 136 7 94.0 81.5 135 2 78.6 74 5 133 4 69.3 75 0 126 9 73.3 76 2 132 6 75.0 73 0 130 4 71.0 76 4 126 9 76.0 70 6 123 5 70.9 71 3 120 0 72.7 76 0 122 2 74.8 63.7 105.8 90.5 87.8 97.3 65.2 106.8 135.1 122.3 89.7 132.0 103.7 86.6 112.4 121.0 84.8 118.7 100.5 83 1 104.0 97.4 82.0 104.8 98.2 78 0 121.7 98.5 85.6 105.9 95.0 78 3 138.3 88.0 88.9 113.9 98 7 76 3 113 0 82.8 84 5 113.4 98 2 77 0 126. 1 93.5 95 0 113.8 93 4 70 0 107. 0 79.2 94 6 276.8 89 8 77 6 109.3 104.0 93.2 77.1 87 8 78 2 116. J 112.0 99.2 90.0 96.8 53 111 160 153 77 116 77 47 30 83 44 94 67 107 131 139 80 126 197 62 29 102 69 136 67 35 63 137 106 62 118 157 145 78 116 405 55 9 89 69 166 67 28 62 190 94 103 105 124 161 73 89 573 103 23 139 183 103 65 20 61 187 76 85 94 96 189 83 88 260 83 29 155 129 64 64 17 63 142 64 117 92 91 160 88 88 125 119 152 129 80 103 58 22 57 112 57 207 97 93 141 104 75 50 219 367 191 84 132 63 31 60 114 82 153 98 95 117 96 117 47 159 277 97 66 79 57 31 53 97 89 297 97 100 80 90 137 40 96 160 63 42 71 51 34 46 90 94 89 92 103 89 89 78 37 89 133 68 46 82 250 30 46 26 108 75 87 104 114 79 78 39 74 80 75 64 86 51 43 47 24 103 69 88 160 180 73 92 28 67 77 69 43 111 53 42 48 30 2 110 53 58 36 103 52 97 37 57 62 48 52 27 42 83 56 58 48 91 60 91 8 56 60 51 52 27 39 83 48 56 35 93 49 87 4 51 58 38 51 27 41 75 46 47 33 91 47 90 6 47 53 34 49 26 39 68 48 56 31 96 50 99 0 46 53 29 63 27 35 68 «43 29 91 44 102 4 44 52 24 63 27 34 66 41 37 28 81 42 98 5 43 49 26 65 25 33 64 36 36 24 69 36 85 23 40 46 28 37 23 31 59 39 34 29 85 35 92 2 43 50 35 45 29 37 61 36 34 22 86 36 92 0 40 48 30 44 27 39 55 36 32 23 85 237 93 1 236 247 24 36 28 30 43 139 118 127 97 106 139 80 219 126 121 175 91 154 88 190 122 161 2133 117 122 106 101 137 78 214 130 121 164 91 146 88 178 128 149 134 116 116 111 104 130 78 203 129 113 155 89 147 87 192 138 134 137 115 97 105 129 77 200 129 102 144 90 155 85 213 148 133 142 107 118 81 105 123 80 201 128 94 151 87 167 100 204 152 170 160 104 125 68 100 125 80 202 122 96 148 87 201 121 212 164 250 169 105 129 67 104 123 82 201 124 93 168 91 214 134 207 167 290 166 108 124 72 108 128 85 200 125 96 166 97 209 125 201 155 289 161 2108 128 81 102 108 86 200 124 91 193 95 199 116 191 147 279 2159 2 109 136 87 98 101 84 197 126 104 192 93 195 107 193 142 268 2 156 2 110 135 84 98 99 83 197 148 112 197 290 188 196 134 251 2150 2108 133 85 95 99 285 200 136 112 2184 87 179 297 189 129 235 251 435 152 238 288 211 261 135 246 249 255 438 156 232 291 233 279 133 248 248 263 443 161 240 297 207 319 138 248 240 267 44$ 165 234 298 213 357 135 245 233 261 447 173 213 300 228 376 124 243 203 271 463 275 482 276 512 267 512 261 520 273 547 265 532 216 315 221 376 122 243 207 227 329 216 366 126 243 210 216 378 213 346 130 246 220 222 341 227 297 124 240 226 207 345 241 294 120 246 213 229 344 239 288 121 244 237 218 344 243 278 103 243 231 84.9 75 4 81.5 90.5 80 3 94.6 83.9 74.2 79.9 90.5 79 3 94.3 83.1 73 8 78.2 90.3 78 5 94.2 81.4 72 0 74.8 90.0 77 1 93.9 80.1 70 4 72.1 89.6 76 2 93.8 79.6 69.7 71.9 88.9 75.7 93.2 78.8 68.4 71.0 87.0 74.6 93.0 2 MARKETINGS Agricultural products Animal products Dairy products Fish Livestock Poultry and eggs Wool Crops Cotton Fruits Grains Vegetables Forest products Distilled wood Lumber Naval stores Pulpwood 1923-1925 = 100.. 1923-1925=100 - 1923-1925 = 100. . 1923-1925 = 100 ..1923-1925 =100.. 1923-1925 = 100. . 1923-1925 = 100.. 1923-1925=100. .1923-1925-100.. 1923-1925 = 100.. 1923-1925=100-. 1923-1925-100 1923-1925-100. 1923-1925= 100.. 1923-1925-100 1923-1925 = 100. _ 1923-1925 = 100-. ORDERS Orders, new 19231925-100 Iron and steel 1923-1925—100 Lumber and products 1923-1925—100 Paper 1923-1925—100 Stone clay and glass 1923 1925—100 Textiles...'. _ 1923-1925=100.. Transportation equipment- .1923-1925 =100.. Orders, unfilled _ 1923-1925=100.. Iron and steel 1923 1925—100 Furniture and flooring 1923-1925—100 Paper 1923-1925 - 100 Brick and glass 1923-1925—100 Textiles 1923-1925=100 Transportation equipment . . 1923-1925 = 100. . STOCKS Domestic stocks 1923-1925—100 Manufactured goods 1923-1925 = 100. . Chemicals and allied prod 1923-1925—100 Food products 1923-1925 — 100 Forest products,.. 1923-1925=100.. Iron and steel products 1923-1925=100 Leather 1923-1925 — 100 Metals, nonferrous 1923-1925=100 Paper, newsprint. . 1923-1925=100 Rubber products 1923-1925=100 Stone, clay, and glass 1923-1925—100 Textiles . 1923-1925=100 Raw materials 1923-1925=100.. Chemicals and allied prod 1923-1925=100 Foodstuffs 1923-1925 = 100 Metals. . . _ 1923-1925=100 Textile materials 1923-1925 = 100. . World stocks — foodstuffs and raw materials: Total... 1923-1925=100.. Coffee— adj. for seasonal ..1923-1925=100 Copper— unadjusted 1923-1925—100 Cotton— adj. for seasonal.. 1923-1 925 =100.. Rubber—unadjusted 1923-1925 = 100. . Silk— adj. for seasonal 1923-1925=100 Sugar—adj. for seasonal 1923-1925=100.. Tea— adj. for seasonal 1923-1925=100.. Tin— unadjusted1923-1925=100 Wheat — adj. for seasonal 1923-1925=100 102 ._ 201 135 178 131 222 250 350 12l" 243 2112 2101 32 78 35 79 0 34 44 22 34 28 30 42 COMMODITY PRICES COST OF LIVING (N. I. C. B.) Total, all groups Clothing Food Fuel and light Housing Sundries.. 8 Revised. 1923=100 1923=100 1923=100 1923=100 . 1923=100 1923=100.. . - 77.9 66 9 69.3 85.7 73 5 93.3 86.9 80 7 82.8 89.1 83 5 95.9 85.9 79.9 81.0 89.1 82 6 95.5 85.9 78 6 81.5 89.3 82 0 95.8 85.9 78 6 81.9 89.6 81 5 95.5 85.6 78.5 81.7 90.1 80 7 95.4 24 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 1931 1932 May July, 1932 May June July August ^m- October j N-g^- Decem- January Februber ary Sc March April COMMODITY PRICES — Continued FARM PRICES (Dept. of Agri.) Total, all groups _._ 1909-1914 = 100-. Cotton and cottonseed 1909-1914=100 Dairy and poultry products. 1909-1914 = 100.Fruits and vegetables 1909-1914 = 100 Grains . 1909-1914 = 100 Meat animals 1909-1914—100 Unclassified 1909-1914 = 100 56 42 66 80 49 59 43 86 74 87 119 74 99 62 80 65 85 114 67 91 59 79 71 84 110 57 92 58 75 53 89 97 54 92 60 72 47 93 83 50 86 55 68 42 99 70 46 79 53 71 50 102 68 57 76 51 66 45 99 68 52 68 49 63 45 85 70 52 68 46 60 47 166 101 179 121 181 118 184 119 186 120 189 119 189 119 189 117 189 114 64.4 73.2 72.1 72.0 72.1 71.2 70.3 70.2 70.3 53.9 58.1 46.6 42.6 44.4 59.3 59.6 61.5 56.5 70.4 71.5 77.4 75.0 59.5 73.6 79.1 58.7 69.4 70.7 47.2 72.5 88. 4 35.7 60.6 74.8 74.1 75.5 80.1 80.0 48.3 64.4 55. 6 63.2 52.9 50.5 29.1 53.3 64.4 39.2 76.5 76.9 66.5 69.8 67.1 59.6 64.1 73.8 78.1 76.1 74.4 75.1 80.0 83.7 79.7 69.4 80.5 83.9 63.2 80.5 65.3 98.0 99.0 35.9 87.6 94.8 62.6 88.1 86.8 90.4 83.6 85.0 83.8 63.3 86.6 67.4 76.9 69.2 60.7 41.4 63.5 70.5 46.9 81.5 76.0 64.7 69.3 65.4 56.0 61.9 73.3 78.8 76.4 71.3 74.1 79.3 83.7 77.7 68.5 79.4 82.5 62.6 79.8 62.9 98.6 101.9 30.7 88.0 94.6 65.5 87.8 86.4 89.8 83.4 84.4 83.5 61.2 86.6 66.6 76.3 67.6 59.8 41.9 63.0 69.7 46.0 80.7 76.1 64.3 69.3 64.9 49.0 63.0 74.0 80.6 74.2 73.4 73.9 78.1 83.4 75.8 67.2 78.9 82.4 62.1 78.7 62.9 97.9 103.5 30.3 89.4 93.5 72.7 89.8 85.7 89.1 82.8 84.3 82.7 61.4 86.8 66.5 76.1 66.8 60.0 43.8 67.4 69.7 46.0 80.6 76.4 64.1 63.3 63.5 44.8 67.0 74.6 82.2 73.4 76.0 74.2 77.6 82.9 75.8 66.9 76.9 80.5 61.9 74.4 60.5 93. 4 103. 2 37.5 83. 7 93.5 69. 1 90.3 84.9 88.6 81.7 83.9 82.4 60.1 83.8 65. 5 75.9 64.0 59.2 43. 7 67.4 68.3 46.0 80.6 75.9 62.7 66.7 60.5 44.2 61.0 73.7 84.6 71.0 73.6 73.9 77.0 82.6 75.8 66.9 76. 3 79.8 61.7 74.2 67.4 100.6 103.4 38. 9 85.0 93 5 5S.6 83.4 82.7 84.6 81.2 83.9 82.3 59.0 82.6 64. 5 75.5 61.5 59.2 43.5 65.7 63.2 46.0 80.7 75.1 61.5 65.2 58.8 44.3 57.6 73.3 86.1 68.2 71.1 72.9 76.1 82.6 75.1 65.2 75.6 79.7 61.6 70.2 67.8 102.1 100.8 39.2 82.5 93.1 50.0 80.7 81.0 82.4 79.8 82.8 81.7 54. 9 81.6 63.0 73.9 59. 7 59.2 41.7 64.6 66.6 46.0 80.5 74.8 62.0 64.9 58. 7 51.3 55.7 71.0 80.7 65.1 67.7 73.5 76.2 81.4 74.6 65.9 76.1 80.6 61.3 70.1 69.4 103. 4 100.1 42.5 81.6 92.5 49.0 78.8 80.9 82.3 79.7 82.6 81.5 54.7 81.4 62.2 72.6 58.1 59.0 41.8 64.2 68.7 46.0 80.8 51.7 68.3 66.9 77.3 67.9 77.7 68.0 77.2 65.7 75.1 64.2 72.3 62.6 74.4 61.2 74.4 68 51 65 47 61 60 72 73 51 69 46 59 46 70 78 50 66 44 189 109 189 105 183 105 170 104 68.6 67.3 66.3 66.0 65. 5 73.3 60.2 63.7 55.7 47.0 51.7 69.1 79.8 63.5 63.2 72.3 75.7 80.0 74.6 65.8 76.1 80.8 61.0 70.1 68.3 104.1 98.2 39.6 79.8 89.2 48.8 78.6 78.5 80.6 76.6 82.2 81.0 53.8 79.9 60.8 70.8 56.4 53. 5 39.0 63.9 66.8 40.8 80.8 72.1 58.3 63.1 52.8 46.7 53.4 64.7 67.8 62.2 61.9 71.7 74.8 79.3 75.2 65.6 75.7 80.6 60.6 69.9 67.9 107.5 98.6 38.8 79.3 88.8 49.0 77.5 77.7 79.5 76.1 81.8 79.9 55.4 74.1 59.9 70.7 55.8 55.8 37.7 63.3 65.6 39.7 78.0 71.4 56.9 61.9 50.6 46.1 50.3 62.5 64.1 61.8 59.5 71.3 73.4 79.3 75.3 62.9 75.5 80.8 60.1 69.8 68.3 104.8 98.0 38.6 78.3 88.5 46.1 76.5 77.5 79.5 75.9 80.9 79.3 52.7 65.8 59.8 70.6 56.4 55.8 36.5 63.1 64.7 39.5 76.7 71.5 56.1 60.8 50.2 43.5 51. 4 62.3 64.2 62.3 61.4 70.9 73.2 79.6 75.3 51.0 75.3 80.9 59.7 68.6 67.9 104.4 79.5 39.8 77.3 88.5 44.7 73.4 77.1 79.1 75.4 80.8 79.7 50.5 64.4 58.7 69.0 56.2 54.9 33.5 62.7 64.7 39.2 76.8 71.1 55.5 59.6 49.2 44.5 49.2 61.0 61.6 62.3 59.8 70.9 72.5 78.4 75.0 60.0 74.4 79.7 58.9 70.1 70.2 103.5 99.1 45.5 75.0 88.4 40.8 67.2 76.3 77.4 75.4 80.3 80.1 49.3 64.4 57.0 68.7 55.1 51.9 31.3 59.7 64.7 39.2 76.8 59.8 74.6 58.2 74.4 56.6 273.8 55.3 2 72. 6 53. 5 268.3 RETAIL PRICES Coal (Dept. of Labor).. Food (Dept. of Labor). 1913 = 100.. 1913 = 100- WHOLESALE PRICES Department of Labor index: Combined index (784)._ _ 1926=100-. Economic classes — Finished products 1925=100.. Raw materials 1925=100.. Semimanufactures _. 1925=100— Farm products 1925=100— Grains . ._ 1923=100— Livestock and poultry 1923=100.. Foods _ 1923=100 Dairy products 1923=100-. Fruits and vegetables 1923=100 Meats 1925=100-. Other products. 1925=100 Building materials 1923=100-. Brick and tile 1926=100— Cement . __ 1923=100-Lumber 1925=100— Chemicals and dru^s 1925=100 Chemicals 1923—100 Dru?s and Pharmaceuticals. 1923 = 100. _ Fertilizer materials _. 1925=100-.. Fuel and lighting 1925=100.. Electricity .._ — 1926=100-. Gas 1926=100 Petroleum products 1925=100.Hides and leather 1926=100 Boots and shoes __ 1925=100. Hides and skins 1926=100Leather . 1923=100 House furnishing goods. 1926=100— Furniture 1925=100 Furnishings _. 1923=100.. Metals and metal products --.1923=100-. Iron and steel. 1923=100-. Metals, nonferrous 1926=100 Plumbing and heating equip.!925= 100.. Textile products 1928=100.Clothin" 1926-100 Cotton gooic 1926 = 100 Knit goods.. . . . 1926 = 100— Silk and rayon 1925=100 Woolens and worsteds 1925=100,. Miscellaneous 1925=100 Auto tires and tubes..1926=100— Paper and pulp _ 1925 = 100— Other indexes: Bradstreet's (96) 1926 = 100 Dun's (300) .1926 = 100.Wholesale prices, actual. (See under respective commodities.) CONSTRUCTION AND REAL ESTATE CONSTRUCTION CONTRACTS AWARDED Contracts awarded, F. R. B.: Total, unadjusted 1923-1925=100 Residential . . 1923-1925=100 Total, adjusted 1923-1925=100 Residential 1923-1925=100 F. W. Dodge Corporation (37 States): Total, all typesProjects .-.number Floor space thous of sq ft Valuation thous. of dolls. . Nonresidential buildings: Projects number Floor space thous. of sq. ft . Valuation thous of dolls Public works and utilities: Projects number Floor space thous. of sq. ft Valuation thous of dolls Residential buildings: Projects number . Floor space thous. ofsq. ft.. Valuation _ _ thous. of dolls Engineering Construction: Total contracts a w a r d e d (E. N. R.) thous. of dolls.. 2 Revised 31 14 26 12 78 47 65 40 74 41 63 37 68 36 61 35 7,513 16 515 146, 221 11, 506 38, 941 306, 079 10, 805 33, 651 316, 148 2,140 9,172 58 946 2,713 16, 642 108, 231 63 ! 32 ' 59 ! 33 ] 2 59 32 59 32 52 29 55 30 43 26 49 27 30 20 38 23 25 16 31 19 23 15 27 17 26 16 26 15 10, 663 33, 812 285, 997 9, 242 ! 9, 105 30,631 ! 30,068 233, 106 251, 110 8,701 30, 700 242, 094 7,014 20, 519 151, 196 5, 951 17, 210 136, 852 4,659 12, 601 84, 798 5,208 12, 299 89, 046 6,646 16, 924 112, 235 7,653 13 887 121, 705 2,803 15, 621 102, 623 2,957 16, 690 105, 840 2,382 i 2,209 15,770 i 16,723 99,940 '• 111,418 2,145 15, 313 99, 092 1,765 9,290 58, 496 1,467 8,176 50, 381 1,481 5 379 33, 238 1,796 6,052 36, 348 2,032 8,205 49, 172 2,179 f\ 501 45, 515 2,141 1 589 182 387 61 718 108, 948 2,030 1,117 140 780 2,048 1,233 115, 265 1,719 ! 1,800 737 353 72, 9(54 85, 139 1,288 171 82, 462 992 271 47, 410 977 280 50, 307 539 300 24, 056 595 176 28, 281 839 197 29, 854 1,458 211 47, 295 3,784 7,162 25, 557 6,052 21,911 88, 900 5,972 16,913 72, 745 5,658 15, 889 63, 893 5,141 5,096 14,124 i 12,992 60,203 , 54,553 5,268 15,217 60, 540 4,257 10, 958 45, 290 3,507 8,753 36, 164 2,639 6,922 27, 504 2,817 6,071 24, 417 3,775 8,532 33, 209 4,016 7,174 28, 895 105, 087 217,833 196, 326 245,110 148,901 { 176,956 225, 173 136,758 123, 131 90,869 76, 646 86, 119 95, 605 31 16 2 27 14 25 SURVEY OF CURRENT BUSINESS July, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 May 19 32 1931 May June July s Aa^t tr Decem- January FebruOctober November ary ber March April CONSTRUCTION AND HEAL. ESTATE—Continued HWAY CONSTRUCTION avement contract awards: .thous. of sq, yds_. only thous. of sq. yds 1 highways: i foi construction — ted total cost thous. of dolls.. 1-aid allotment thous. of dolls. . 3, total number il nu tuber ) (added improvement) number., nstruction— ted total cost .thous. of dolls__ 1-aid allotment thous. of dolls. _ e, total number il . _ number ) (added improvement) number., completed to date number if Federal-aid funds for new conDU thous. of dolls. . 10, 360 9, 242 12, 303 10, 038 15, 957 13, 536 12, 470 9, 309 7, 675 5,437 8, 702 6,182 4,009 2, 482 4,361 3,559 5, 364 4,215 2,524 2,252 3,255 3,084 6, 005 5, 457 11, 088 10, 366 69, 732 31, 845 4 200 2, 336 1,864 90, 221 39, 495 4 264 2,707 1,556 60, 165 26, 886 2 979 1,946 1,033 54, 545 23, 850 2 632 1,628 1, 004 41, 880 18, 584 2 024 1, 373 651 29, 779 11,321 1 374 29, 422 11,966 1,392 437 29, 174 11, 539 1,445 1,032 413 406 35, 473 15, 134 1, 910 1,248 663 44, 401 19, 226 2,398 1,682 716 47, 423 20, 620 2, 671 1,929 742 55, 562 25, 235 3, 185 2,200 985 73, 994 33, 057 3,986 2,443 1,543 219, 647 103, 026 9 734 7, 617 2,117 100, 898 356, 146 158, 145 14 705 11, 228 3, 477 88, 763 387, 397 172, 587 16 480 12, 306 4, 174 88 713 388, 004 173, 362 16* 241 12 207 4,034 89 871 378, 476 170, 924 16 091 11, 884 4,207 90, 637 344, 072 155, 508 14 315 10, 660 3,655 93, 072 292, 869 131, 690 11 899 9, 027 2,872 95, 960 257, 529 115, 428 10 196 7, 928 2, 268 97, 993 216, 850 98, 080 8 672 6,818 1, 854 99, 777 203, 386 93, 716 8,378 6, 559 1,819 100, 263 200, 621 93, 245 8,323 6,587 1,736 100, 523 198, 941 93, 018 8,440 6,716 1,724 100, 678 199, 726 93, 997 8,739 6, 941 1,798 100,917 71, 383 48, 744 39, 639 30, 544 27, 125 25, 518 125, 577 121, 495 113, 879 106, 845 102,411 94, 453 82, 020 163 163 161 172 157 162 170 156 161 159 158 164 151 156 164 150 155 153 169 154 160 166 153 158 155 154 174 159 164 160 176 160 165 936 986 INSTRUCTION COSTS jsts (Amer. Appraisal Co.): ?,el frame., 1913-100.. Dod frame 1913— 100 1913-100 d concrete _ __1913=100 ->sts— all types (A. G. C.) .1913=100.. 3sts— all types (K. N.R.). .1913=100.. )sts—-electric light and power con(Richey} 1913 = 100 )sts— factory (Aberthaw}.. 1913= 100. laterial costs: jse, 6-room 1913 = 100 mse, 6-room _. __ __ 19 13 =100 166 166 152. 8 179 165 168 165 180 166 169 197 189.3 196 187. 2 195 174.4 195 171.4 193 171.4 192 169.8 192 169.3 190 166.2 190 162. 5 189 161.8 183 157.2 2 178 153.1 132 162 160 148 146 146 144 143 142 141 139 136 132 164 155 163 156 161 154 162 156 163 158 161 156 161 156 162 155 160 154 166 176 177 162 166 174 172 172 162 148 154 1 56 167 160 jn— employment and wages: lent, Ohio. (See Employment.) lad building. (See Employment.) Dn, volume (A. G. C.) ...1913 = 100.. United States thous. of dolls. . 39. 271 uction. (See Trans. Equipment.) e: etivity each month 1926= 100 ncing. (See Finance.) 107 137 140 144 135 126 119 79 61 43 45 37, 835 33, 368 33, 025 31,918 33, 203 35, 502 35,288 40, 514 39, 225 39, 825 49, 189 43, 822 61 3 58 4 61 1 59 8 60 3 63 2 59 0 64 5 57 8 58 8 54 9 54 6 3, 253 95 37 49 128 650 136 790 59 53 72 107 3,505 172 31 53 173 687 128 806 75 72 60 115 3, 599 163 36 51 142 702 136 873 83 68 64 127 3,984 232 13 18 160 881 142 973 32 73 53 140 3,891 231 4,301 234 3 76 169 1,018 128 1, 178 62 71 82 154 3, 987 261 3 88 176 855 104 1, 105 42 69 87 161 151 166 158 163 157 ISCELLANEOUS DATA DOMESTIC TRADE ADVERTISING Radio broadcasting: Cost of facilities, total thous. of dolls3,632 Automotive thous. of dolls.. 230 0 Building materials thous. of dolls Clothing and dry goods thous. of dolls.. 77 Confectionery thous. of dolls.. 169 Drugs and toilet goods thous. of dolls.. 783 Financial thous. of dolls 110 Foods thous. of dolls.. 1, 030 Housefurnishings thous. of dolls20 Machinery thous. of dolls 65 Paints and hardware thous. of dolls.. 77 Petroleum products _- thous. of dolls 199 8 Radios thous of dolls Shoes and leather goods thous. of dolls ._ 30 Soaps and housekeepers' supplies thous. of dolls.. 111 Sporting goods .. thous. of dolls.. 17 Stationery and publishers. thous. of dolls. . 79 Tobacco manufactures thous of dolls.. 543 Miscellaneous thous. of dolls.. 85 Magazine advertising: Cost, total . - thous of dolls 12 958 Automotive thous of dolls 1 748 Building materials thous. of dolls.. 368 Clothing and drygoods thous. of dolls303 Confectionery .. _ thous. of dolls 297 Drugs and toilet goods thous. of dolls.. 2, 586 Financial - thous of dolls 196 Foods thous. of dolls.. 2, 050 Garden thous of dolls 95 Housefurnishings-.-..-thous. of dolls.. 1, 198 Jewelry and silverware thous. of dolls. . 167 Machinery thous. of dolls. _ 48 Office equipment thous. of dolls.. 97 132 Paints and hardware thous. of dolls. Petroleum products _ thous of dolls 373 Radios .. .._ thous. of dolls-82 184 Schools. thous. of dolls.. 'Revised. 19AKO1 Q9 . .4 2,764 89 32 38 135 453 112 730 39 29 81 96 2,527 68 25 32 106 396 98 652 65 37 72 90 2,741 65 28 27 109 489 116 665 84 31 57 89 3, 036 91 30 68 100 463 136 762 71 72 74 95 2,835 100 19 44 112 452 126 748 44 39 72 89 104 84 10' 18 22 49 50 62 40 8 31 31 131 95 86 51 124 141 144 94 82 69 67 45 110 37 107 425 160 129 29 86 476 93 146 34 92 476 87 153 33 84 467 79 129 24 118 479 84 122 13 130 513 109 122 16 120 578 104 126 13 138 611 102 88 11 110 99 0 93 801 97 99 0 86 732 111 102 4 82 692 86 16 959 1 886 742 412 387 3,417 274 2, 419 196 1,462 308 157 247 216 458 16 692 1 886 882 481 553 3, 221 294 2,408 121 1,324 391 190 252 184 526 12 314 1 393 515 531 426 2,658 253 1,904 59 630 159 102 170 88 445 10 008 1 304 295 180 378 2,210 180 1,805 28 453 77 55 88 45 422 11 967 1 604 397 354 328 2,277 187 2,001 41 842 90 50 98 88 463 14 234 1 469 631 444 334 2,665 237 2, 634 42 1, 231 246 91 167 123 374 14 007 1 311 564 399 342 2,729 251 2,685 32 984 378 72 124 116 404 11 073 7 641 266 283 309 2,238 198 2,020 45 708 381 58 139 29 322 155 182 222 1,424 203 1,326 78 388 167 38 97 14 255 11 622 1 781 249 232 128 2,592 210 2,326 132 693 37 53 105 51 239 12 953 1 389 370 284 197 3, 043 206 2,332 145 934 8 65 120 81 256 12 970 1 554 411 349 231 2,876 215 2,237 133 1,187 90 54 104 124 279 116 294 128 315 141 291 114 317 174 305 313 232 308 217 235 186 186 215 198 262 165 185 138 181 949 108 678 o 20 151 888 130 1,001 59 70 41 133 26 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey ^_ May July, 1932 1931 May Juno i July 1933 Decem- January FebruOctober NovemAugust Septemary ber ber ber March April DOMESTIC TRADE—Continued AD VERTISIN G— Continued Magazine advertising — continued. Shoes and leather goods thous. of dolls. _ Soaps and housekeepers' supplies thous. of dolls.. Sporting goods thous. of dolls Stationery and books thous. of dolls.. Tobacco manufactures thous. of dolls.. Travel and amusement thous. of dolls.. Miscellaneous thous. of dolls. . Lineage total thous of lines Newspaper advertising: Lineage, total (22 cities) thous. of lines.. Lineage, total (52 cities) thous. of lines.. Classified thous. of lines Display thous. of lines.. Automotive thous. of lines.. Financial .thous. of lines.. General thous. of lines Retail . thous. of lines.. 161 209 208 98 41 1,002 312 1G5 563 463 339 1,776 1,261 438 345 479 711 529 2 2, 364 1,091 522 366 486 615 451 2,191 783 334 180 321 414 1, 613 683 245 160 428 172 328 1. 316 963 201 240 547 171 450 1,603 69, 479 2 88, 782 106, 004 138, 196 24, 421 20,173 85,831 113, 774 6,700 9,616 1,709 3, 258 26, 017 19, 059 74, 884 58, 363 123,' 928 23, 158 100, 769 7,922 3,259 24, 736 64, 853 66, 877 108,020 21,132 87, 488 8,184 3,875 19,805 55, 503 67. 169 106. 021 22, 215 83, 800 7, 007 2, 448 18, 002 56, 290 77,208 114,802 22,172 92, 690 6,052 2,529 18,080 65,423 91,332 941 111,183 948 98, 621 933 70, 681 780 65.8 64.7 63.9 64. 6 65.7 65.3 66.6 66.7 3, 096 3, 166 2, 867 2, 704 2,453 i 2,846 2,774 3,012 ; 95 | 149 ! ! 1 i ' i 889 117 434 619 231 560 1,911 87,803 : 130,895 • 22,740 i 108, 150 j ! 4,957 1 2,919 | 23,676 ! ! 76,597 i | 57 31 65 15S 350 176 271 513 317 331 1, 138 702 73 193 605 342 327 1,469 741 111 228 560 329 367 1,677 913 188 207 535 462 342 1,777 67, 702 77,005 117,009 100, 032 19,473 18, 384 97,536 81, 048 4,233 7,001 2,645 3,294 13,985 ; 10, 841 76,673 ; 54, 512 03, 557 97, 570 17, 724 79, 847 4, 858 2,023 20. 142 52, 824 72, 043 109, 808 19, 565 90, 244 5, 352 2, 158 21, 720 61,012 70, 573 108, 086 20, 056 88, 631 7, 222 1, 934 18, 725 60, 749 95,161 !l 82,819 996 938 93, 370 911 93, 619 1,215 71, 703 961 65.9 63.8 61.3 63.9 3,311 2,930 3, 202 3,072 669, 077 : 634,284 718, 989 676, OS i 180 132 806 | 118 410 676 334 502 1,882 470 168 509 593 i 416 i 427 1, 620 | 81,891 122,135 20, 868 101, 267 4,487 2, 469 21. 979 72', 332 ! COLLECTIONS Delinquent accounts, electrical trade: Amount dollars.. Firms number— 76, 793 864 78,534 ! 95.414 780 I ' 987 73, 165 877 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 .. per cent of total. _ NEW INCORPORATIONS Business incorporations (4 states) number.. 2, 863 ; POSTAL BUSINESS Air mail, weight dispatched pounds.. Money orders: Domestic, issued (50 cities) — Number thousands.. Value -. thous. of dolls.. Domestic, paid (50 cities)— Number _. . thousands.. Value thous. of dolls Foreign, issued — value thous. of dolls. Receipts, postal: 50 selected cities —thous. of dolls.. 50 industrial cities thous. of dolls 750, 960 ! 781,419 3,766 i 36, 006 i 22, 621 2, 513 3, 729 36,315 779, 105 804,455 796,703 3, 501 34, 224 3, 368 33, 370 3,379 33,800 ! 836,603 720, 301 3.749 37,801 3.600 35, 458 4,125 ! 39,329 3, 691 3, 656 35, 494 | 34,142 3, 900 35, 128 3, 581 33, 073 827,530 10, 734 10, 902 81, 956 ! 79,311 4,073 i 4, 348 9,930 9,074 71, 622 76, 365 4, 412 | 3, 958 9,124 ! 10,521 74,679 : 86,759 4,496 | 4,027 9, 751 81,318 3, 971 11,509 91,567 ! 8, 140 9,795 78, 149 ! 3,500 9.271 73, 463 3,115 10, 167 79, 878 3, 958 9, 379 74,6i2 3, 314 27, 844 i 26,442 3,047 | 2, 957 24, 578 ! 23,389 2, 869 2,903 26,335 ! 28,618 2,897 | 3,150 25, 355 2, 809 34,966 4,068 25, 312 2,911 ! 24, 061 2, 832 26, 677 2, 985 24, 272 2, 69S 169 152 148 147 279 144 115 155 \ 121 156 138 146 134 141 1,699 ! 2.134 121 121 i 10,957 i 12,49b 703 705 1,740 123 3, 158 123 1, 324 114 1, 505 115 1,604 92 1, 349 92 1 1 , 220 710 22, 173 711 8, 845 713 | 9. 080 ! '712 10, 383 714 10, 3:^7 7] 4 RETAIL TRADE Chain-store sales: Five and ten cent sales— Total,8 chains, unadjusted. 1923-1925=100.. Total, 8 chains, adjusted. .1923-1925= 100F. and W. GrandSales thous. of dolls.. Stores operated number. . S. S. Kresge Co.— Sales ..thous. of dollsStores operated . cumber.. S. H. Kress & Co.— Sales .thous. of dolls.. Stores operated number McCrory Stores Corp. — Sales thous. of dolls. _ Stores operated number. McLellan StoresSales . thous. of dolls. Stores operated . .number.. G. C. Murphy Co.— Sales. thous. of dolls. . Stores operated number.. Isaac Silver & Bros. — Sales _ thous. of dolls.. Stores operated _ .. number.. 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- I Weekly average . _ tons. 2 Revised. 140 149 142 I 156 156 i 168 | 148 162 1,825 | 118 1,833 119 1,628 ! 119 1, 565 119 10, 059 715 12, 1 23 ! 690 \ 11, 896 694 10,722 696 j 10,976 699 5, 126 227 5. 469 i 216 5, 467 217 5.104 '218 5, 286 '218 5,295 i 220 i 5,706 222 5, 587 221 11, 221 221 4,274 i 222 4, 698 225 I 5, 290 226 4,911 226 3, 155 227 3, 412 243 3, 240 243 3,004 242 3,214 243 3,260 1 244 3,881 244 3, 469 244 6, 882 244 2,919 244 i 3, 067 244 3, 584 244 3, 354 244 1,489 276 1,859 277 i 1, 780 277 1, 649 ! 277 1, 701 277 1,693 i 278 ! 1,940 278 1, 769 279 3,747 278 1,277 i 277 1, 345 277 1,537 276 1, 658 276 1, 543 173 1,549 2169 1, 569 169 1,475 170 1,519 172 1,490 ! 172 | 1,715 172 1,578 172 2, 961 172 1,111 171 ! 1,221 171 1, 439 071 1, 488 173 695 45 692 45 594 45 589 45 607 44 i 832 45 610 45 1, 145 45 471 i 44 591 45 625 40 602 40 21,978 1, 889 21,079 1, 889 21,712 1, 895 26,150 1, 906 22. 005 1, 906 39, 713 1, 906 21, 255 1,908 20, 755 1,,,0 65,498 74, 703 19,100 18, 676 524,743 418,762 104,949 1 104,691 91,311 18, 262 516, 171 103, 234 68, 967 ! 69, 801 88, 912 17,242 17, 465 17,782 395, 428 ! 412,767 i 520,198 98, 857 i 103, 192 i 104,040 7?, 309 IS, 092 422, 714 105, 678 133 137 20, 529 1,913 72, 433 18,108 437,687 109, 422 224,115 1,896 I 102, 946 ! 80, 851 i 95, 528 20, 589 19, 106 20, 213 563, 223 i 454,268 513, 095 112, 645 i 113,567 102,619 143 160 21,732 1, 902 74,411 | 74,642 18,660 18, 603 399, 779 411,883 99. 945 102,971 17, 991 1 18, 793 i 1, 902 | 1, 906 27 SURVEY OF CURRENT BUSINESS July, 1932 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey May 1931 May June July 1933 Decem- January FebruOctober NovemAugust September ber ber ary March April DOMESTIC TRADE—Continued RETAIL TRADE-Ccmtinued Restaurant chains: Total sales, 3 chainsSales thous. of dolls Stores operated numberChilds Co.— Sales thous. of dolls.. Stores operated number ~ J. R. Thompson Co.— Sales thous. of dolls— Stores operated _ number— Waldorf System (Inc.)— Sales _._thous. of dolls-Stores operated __ ._ _ -number- Other chains: W. T. Grant and 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 .-1923-1925 = 100Sales, total value, unadjusted-1923-1925=100~ Atlanta .1923-1925 = 100- Boston 1923-1925 = 100— Chicago - - .1923-1925 = 100-Cleveland 1923-1925=100-Dallas — - - .1923-1925=100— Kansas City 1923-1925 = 100Minneapolis —1923-1925=100-New York 1923-1925 = 100— Richmond -1923-1925 = 100-St. Louis. 1923-1925 = 100-. San Francisco 1923-1925=100— Installment sales, New England dept. stores, ratio to total sales per cent.. _ Stocks, value, end of month— Unadjusted 1923-1925=100 Adjusted 1923-1925 = 100 Mail-order house sales: Total sales, 2 companies thous. of dolls. _ Montgomery Ward & Co._thous. of dolls.. Sears, Roebuck. & Co thous. of dolls.. 4 496 386 4 185 388 4 188 391 4 577 379 4 745 381 4 892 '378 4 419 378 4 737 383 4 261 382 4 009 '384 4 206 385 3 922 385 1,957 108 1,847 109 1, 858 108 2, 030 108 2,164 108 2 208 107 1 980 106 2, 163 108 1,924 108 1,787 108 1 813 108 1 618 108 1,202 116 1, 093 117 1,086 118 1,301 117 1, 278 117 1,325 115 1. 187 '116 1,233 116 1,114 115 1,041 115 1,128 116 1,064 116 1,257 161 1,337 162 1,245 162 1,244 165 1,246 154 1,303 156 1, 359 156 1,252 156 1,341 159 1,223 159 1,181 161 1,265 161 1,240 161 6,096 417 6,606 367 6,289 371 5,227 375 5,395 381 5,570 386 7 423 400 6, 485 400 12, 111 402 4,495 404 4,839 406 5 567 411 5 997 412 12 648 1, 466 15, 450 1, 453 14, 832 1,453 12, 779 1,454 13 257 1, 456 14 577 1,457 17 968 1,458 16 493 1,458 21, 269 1, 459 9,288 1,460 9 586 1,460 11 412 1,463 14 395 1, 464 74 74 66 97 97 93 92 94 86 93 86 79 101 102 85 101 95 90 81 92 91 82 79 79 75 109 104 80 92 91 65 64 64 65 62 57 59 55 72 71 57 85 88 67 69 64 70 65 65 66 65 67 70 67 98 84 87 73 89 88 73 79 82 81 98 87 84 93 86 93 95 103 91 82 9J 88 76 123 118 88 103 83 95 80 93 82 73 84 82 68 112 102 84 93 81 142 127 144 136 123 127 126 112 174 176 124 151 78 64 56 69 63 53 52 55 51 74 66 56 74 78 64 61 58 62 55 58 58 48 70 68 60 70 72 70 68 68 63 67 68 73 82 86 66 84 80 76 2 67 74 2 74 1,426 107 V64 63 62 59 78 84 63 72 2 g() 64 268 79 86 2 82 69 74 7.0 4.7 6.7 11.9 8.9 11.0 9.1 4.6 8.0 8.3 7.2 70 68 85 83 80 82 75 81 76 79 84 81 88 80 89 79 73 78 67 75 69 73 7° 70 38, 718 14, 172 24, 546 50, 070 18, 547 31, 523 49, 480 19, 219 30, 261 45. 093 15, 320 29, 773 43. 004 16, 407 26, 597 45, 955 17, 505 28, 450 52, 280 22, 034 30, 246 45, 898 18, 403 27, 495 58, 821 21, 899 36, 922 31, 975 12, 028 19, 947 32. 581 11, 963 20, 618 33, 959 14, 054 19, 905 39, 745 16, 169 23, 576 67.9 53.3 50 7 48 5 64.3 82.0 86.9 81.3 87 9 64.4 73.2 74.4 67.9 45.2 63 8 60.3 90 8 69 8 69 3 71 5 72.9 78 6 68 5 71 7 54.4 60 2 46. 9 87.9 69.4 55.0 52 6 50. 1 66 0 81.9 85.4 82 3 86 3 65 4 75.3 77.2 67.6 66.3 47.7 45 7 42 6 59.1 81.7 85.9 81.2 84 2 62 8 75.7 77 5 68.3 42 4 61 2 56 8 89 0 69 1 69 7 67 2 71.6 73 4 66 9 69 0 53.9 63 4 43.9 84.3 68.1 51.6 50 2 46.3 63 0 81.9 85.3 82 8 85.3 64 0 75.4 77.4 67.1 67.3 48.4 44 7 42.4 62.3 81.1 84.6 80.2 82 9 63. 0 80.0 82 4 69.6 42.0 61 4 57.2 87 3 68 6 70 3 63 4 74.4 76.0 70 4 71 9 55.4 65 7 44.8 84.2 67.8 51.4 90 3 45. 7 64 1 80.2 82.9 81 2 83.7 62 4 78.1 80.7 67.5 66.3 48.9 44 5 42 5 63.8 81.1 84.1 78.7 81 4 61 8 81.2 84 3 68 6 40 3 60 0 56 1 86 4 67 4 69 4 61 2 73.5 73 2 74 3 70 4 54.7 63 7 45.3 83.0 66. 4 50. 1 47 G 44 1 63 4 78.6 83.0 79 5 83 1 60 9 80.2 83.4 67.0 C4.0 48.8 44 8 43 1 02. 1 82. 4 81. 9 78.6 80 6 59 8 78.8 81 3 68 3 39 6 57 0 53 9 85 3 66 6 69 3 58 7 67.9 67 3 69 4 68 4 53.0 58 9 45.5 85.2 64.3 48.4. 45 6 42 7 61 3 78.5 81.2 78 6 83 6 59 0 80.2 83.0 68 8 6.4 2 72 70 EMPLOYMENT CONDITIONS AND WAGES EMPLOYMENT Factory, unadjusted (F. R. B.) .. 1923-1925 = 100. . Cement, clay, and glass 1923-1925=100.. Cement 1923-1925 — 100 Clay products 1923-1925=100 Glass --.1923-1925 = 100-. Chemicals and products 1923-1925 = 100,. Chemicals and drugs 1923-1925 = 100. . Petroleum refining 1923-1925 = 100.. _ Food products 1923-1925 — 100 Iron and steel ,.1923-1925 = 100 Leather and products 1923-1925 = 100.. Boots and shoes - - .1923-1925 = 100 Leather 1923-1925= 100 ._ Lumber and products . . 1923-1925 = 100 Machinery -1923-1925 = 100 Metals, nonferrous .._1923- 1925 = 100 Paper and printing . ..1923-1925 — 100 Rubber products 1923-1925 = 100 Auto tires and tubes 1923-1925—100 Boots and shoes .1923-1925 = 100 Textiles and products. 1923-1925 = 100.. Fabrics 1923-1925=100 Wearing apparel .1923-1925 = 100 Tobacco manufactures 1923-1925 = 100 Transportation equipment - - 1923-1925 = 100— Automobiles .1923-1925 = 100 Car building arid repairing. 1923-1 925= 100.. Shipbuilding — 1923-1925 = 100-. Factory, adjusted (F. R. £.)-- 1923-1925 = 100.. Cement, clay, and glass 1923-1925=100Cement 1923-1925 = 100 Clay products 1923-1925 = 100. Glass 1923-1925 = 100 Chemicals and products 1923-1925 = 100Chemicals and drugs 1923-1925 = 100.. Petroleum refining 1923-1925=100 Food products _ . . 1923-1925 = 100 Iron and steel 1923-1925=100 Leather and manufactures.. .1923- 1925 = 100.. Boots and shoes 1923-1925 = 100. . Leather.. 1923-1925=100— » Revised. 61.4 47.0 42 7 42 6 57.9 78.3 80.6 78.2 81 0 57. 2 72.7 74 4 65.4 38 6 54 4 51 4 83 8 66 0 69 1 56 9 62.0 62 3 61 3 67 3 52.4 59 7 44.2 81.4 62.2 45.8 41 9 41 1 57 1 79.7 81.9 78 4 83 2 56 5 75.8 77.9 67.0 77.1 67.3 68 3 64.2 72.8 91.4 91.5 94.4 88 3 75.7 80.8 82.2 75. 1 54.9 76 8 67.4 94 6 74 3 77 4 65 1 80.6 79 8 82 4 80 7 66.1 77 3 55.3 92.0 77.8 65.4 66.9 61.8 71 7 93.0 92.9 94 5 90.8 74 8 84.2 86.0 77.0 75.0 67.0 66 3 63.3 74.9 86.7 90.2 91.1 88 4 72.6 79.7 80.8 75.1 54.3 73 9 65.4 9° 7 75 6 78 3 67 8 76.7 77.9 73 6 79 9 63.5 72 6 54.0 91.7 76.0 64.4 63. 3 60.4 73 0 89.6 92.1 90 2 88.7 72 6 83.9 85.5 77.4 73.8 63.7 66 6 60.8 67.9 86.2 91.0 89.0 87.8 71. 1 84.6 86.4 77.0 52.2 70 4 63.4 92.0 74 1 75 9 68 6 75.2 77. 1 70 6 79 4 60.2 67 2 52.1 88.8 75.1 62.7 63.3 58. 6 70 7 89.4 94.2 87. 1 88. 1 72 1 84.8 86.4 78.4 74.2 62.6 63 2 58.9 69.7 84.4 89.0 86.4 87 9 69 9 86.7 88 8 77.8 52 1 67 7 62 3 91 7 71 5 74 1 63 9 77.8 77 4 78 9 79 1 58.7 65 4 51. 1 83.2 74.1 60.1 58 8 56.2 68 7 86.6 91.3 84 8 88.1 70 3 84.3 85.8 78.2 74.7 61.7 60 1 57.4 71.1 86.0 91.7 84.4 89 7 68 0 84.2 86.4 75.2 51. 1 67 0 61.7 90 8 71 7 71 8 71 2 79.8 77 3 86 0 79 5 57.7 63 9 50.4 84.7 72.8 59.4 57. 1 55.4 68 7 85.7 91.8 82 9 87.5 67 4 80.9 82.3 75.2 71.4 59.0 58 8 54 4 68.1 85.7 92.1 83.0 89 2 66 3 79.2 80 8 72.4 50 1 65 2 60 8 91 4 70 2 69 9 71 2 77.4 75 6 82 2 79 9 51.5 50 5 49.0 84.1 70.3 57.6 56 5 53. 5 66 2 85.4 91.2 83 2 85. 5 66 2 76.4 77.3 72.4 68.7 56.3 54 4 52.8 64.2 83.5 89.7 81.4 88 0 65 0 69.6 69 6 69.6 48 4 63 8 60 8 91 0 70 7 69 4 74 2 74.3 74 9 72 8 79 3 50.6 49 9 47.4 87.3 69.3 55.9 53 7 52.8 63 2 83. 1 88.0 82 2 85.9 65 3 70.1 70.3 69.1 28 SURVEY OF CURRENT BUSINESS 1931 1 ^i'^*-* Earlier data, together with explanatory " footnotes, may be found in the 1932 Annual Supplement to the Survey \ May July, 1932 May I June July August Se 1933 berm" October No vein- \ Decem- January| ™™' ber her March i April EMPLOYMENT CONDITIONS AND WAGES—Continued EMPLOYMENT— Continued Factory, adjusted (F. R. B.} — Continued Lumber and products, 1923-1925 = 100.. Machinery 1923-1925=100 Metals, nonferrous 1923-1925=100 Paper and printing 1923-1925 = 100.. Rubber products 1923-1925—100 Auto tires and tubes 1923-1925 = 100. . Boots and shoes 1923-1925-100 Textiles and products _ . 1923-1925 = 100.. Fabrics 1923-1925 - 100 Wearing apparel 1923-1925—100 Tobacco manufactures 1923-1925 = 100. . Transportation equipment. . .1923-1925 = 100. _ Automobiles 1923-1 925 = 100. _ Car building and repairing. 1923-1925 = 100.. Shipbuilding 1923-1925 = 100.. Factory, by cities and States: Cities — Cleveland... . , Jan. 1921 = 100.. Detroit... 1923-1925 = 100.. New York . 1925-1927 = 100.. Philadelphia 1923-1925 = 100States— Delaware 1923-1925 = 100 Illinois 1925-1927 = 100lowa 1923=100 Massachusetts 1925-1927 — 100 Maryland 1924 = 100 New Jersey 1923-1925 = 100 New York 1925-1927 — 100 Ohio 1926 = 100 Pennsylvania 1923-1925=100. Wisconsin 1925-1927 = 100. . Nonmauufacturing (Dept. of Labor): MiningAnthracite 1929—100 Bituminous coal 1929 = 100 Metalliferous ._ 1929 = 100 Petroleum, crude production 1929 = 100.. Quarrying and nonmetallic 1929 = 100— Public utilitiesElectric railroads 1929 — 100 Power, light, and water 1929 = 100 Telephone and telegraph 1929 — 100 TradeRetail ... . ._ 1929=100. Wholesale 1929 = 100 MiscellaneousCanning and preserving 1929 = 100.. Hotels 1929 = 100 Miscellaneous data: Construction employment, Ohio.. 1926=100. . Farm employees, hired, average per farm _ _ .number. _ Federal civilian employees ( Wash.) .number. _ Railroad employees, Class I thousands... Trade union members employed — Number per cent of total On full time per cent of total 43'. 9 79.4 55.4 76.3 66.6 95.3 74.0 75.9 68.5 81.2 80.0 84.1 82.1 63. 2 70.9 54.9 89.6 54.4 73.4 65.4 93.6 75.7 76.8 72,4 78.6 78.7 78.3 80.4 62.4 70.7 53.6 90.6 52.0 70.3 64.2 93.0 73.8 74. 5 71.8 79.6 80.0 78.8 81.4 60.2 67.6 51.8 90.9 51. 1 67. 8 63. 1 93. 0 70. 5 72.0 66. 2 80. 9 80. 1 83.2 | 79. 1 58. 3 64. 2 51. 0 88. 0 49. 4 67. 3 62. 5 91. 1 69. 8 69.9 69. 4 80. 0 78. 4 84.0 77. 2 57. 2 62. 0 50. 2 90. 9 48.4 65. 6 61. 7 91.0 70. 3 71.0 68. 1 76. 0 74. 9 78.7 75.8 51. 7 50. 5 48.8 89. 7 47.4 64.6 61.4 89.7 73.3 74.2 70.3 73.6 73.7 73.4 74.8 53. 4 56.1 47.6 90.8 45.4 64.5 61.1 89.2 71.3 72.9 66. 8 72.2 73.4 69.2 70.4 58. 0 68.8 i 47.0 87.9 43.9 61.8 57.4 88.3 69.7 71.2 65.2 71.1 72.9 66. 6 74.3 55.6 67.1 44.4 81.9 43.3 61.2 56.0 87. 2 68. 1 70. 0 ! 62. 5 72.4 74.4 67.4 | 72.8 J 55.1 64.7 45.4 79.8 41.2 59.2 54.3 86. 2 67. 0 68. 5 62. 4 71.0 71.9 i 68.9 70.8 ' 53.4 60.9 45.5 78.1 ; 40.2 56.4 52.7 85. 7 66. 1 68. 1 60. 2 66.7 66.8 66.4 70.1 51.1 55.1 45.2 80.2 69.7 69.6 57.2 66.7 86.9 80.4 73.6 79.9 83.8 73.2 69.6 79.7 80.3 61.8 68.3 77.5 81.3 50. 0 69. 2 80. 4 75. 6 51. 0 72.7 80. 4 76. 0 41. 7 71.0 78.8 77.1 52.7 67.7 78.2 77.0 64.0 66. 1 77.6 75.8 69.0 63.1 74.1 75. 1 68.6 64.1 72.9 72. 0 65.4 64.6 71.4 70. 2 67.5 61.8 66.9 72.6 57. 2 92.8 52 9 59. 9 62.4 57.6 65. 4 61.4 63. 9 86.3 74.5 110.1 73.3 75.9 75.3 75.6 82. 7 77.2 78.1 85.6 72.3 110.1 71.4 73.8 73.6 73.4 81.3 74.5 76.7 84.4 70.5 108.7 69.9 72.5 72.6 ; 71.9 i 78.2 i 72.5 79.6 83.2 70.1 109. 1 71.4 72.3 73.0 71.6 76. 9 72. 9 75. 6 81.2 68.3 106. 3 70.9 72.0 73.2 73.6 75. 5 72,6 75.0 66.9 62.6 38 3 54. 5 50.6 80.3 82.4 6'? 4 67.8 75.0 76.1 78.4 60.0 65.0 72.3 65.1 76.4 56.2 65.3 71.0 67. 3 77. 0 55. 8 62. 4 68. 9 80.0 80. 4 55.5 61.2 66. 6 76.9 84.0 80.6 85.9 97.6 87.4 85.3 97.2 86.9 85.6 96.7 • 86.6 | 84.8 95. 9 85.9 80.9 77.9 89.9 87.1 89.1 87.1 83.9 86.8 | 40.5 80.1 58.0 92.5 70.6 91.6 34.4 61.3 63.3 .93 1.02 72, 417 1,337 1.11 71, 693 1,317 69 47 75 56 75 56 39.0 54.1 50.8 84.3 65.8 67.7 59 9 62.4 62 4 62.5 68.4 50.2 74.9 1 62.3 102. 2 62. 2 67.2 1 71. 0 68. 8 71. 0 71.1 68.2 76.0 63.6 102, 9 61. 1 66.0 68. 1 67. 7 70. 5 71.0 66.9 79. 3 61.6 96.8 60. 7 64.1 66.1 65.0 \ 69. 5 I 69.4 65. 1 78 5 62' 0 96. 4 63. 6 63.9 67. 1 65.0 70.1 68. 9 67.6 75. 9 61. 3 92. 6 62. 4 63. 5 65. 4 64. 6 68. 5 67.5 68. 1 74. 8 58. 8 91.2 56. 9 62. 7 63. 5 62. 2 66. 4 64.7 66. 2 86. 8 81. 3 53.8 60.4 64. 5 83. 5 81.1 £9 8 5? 6 59. 3 79.8 81.2 51 '^ 58! 2 53. 9 76. 2 : 80. 8 49.3 54.9 48.9 7J.2 77.4 46. 9 54. 4 47. 4 73.7 75.2 45.0 51. 4 46. 0 70.1 65.5 43.3 54.9 48.6 84.0 94.7 85.0 82.7 92.7 84.1 81. 5 91.3 83. 5 79. 9 90.3 83. 1 79.5 89.3 83.0 ' 78.9 87. 2 82.0 77.6 85. 5 81.7 78.0 84.8 81.2 81.8 86. 5 86.6 86.1 89.8 85.2 DO. 9 84. 1 106. 2 83. 7 80. 5 80. 9 81. 4 79. 8 81.6 78.9 102. 2 93.3 142. 9 92. 8 180. 1 90.6 108. 1 2 87. 4 60. 8 2 84. 9 62.8 00.0 58.3 54. 2 1.23 1.25 i *1, 658 70, 885 1, 288 1,310 74.5 65. 7 105. 0 65.2 70. 6 72.4 71.3 74. 3 71.8 70.7 45. 4 84.3 2 81. 1 40. 7 35.0 2 83. 1 2 83. 2 ; 37. 5 28.4 31. 9 1. 17 70, 580 1, 254 1. 19 70, 056 1,225 1. 04 69, 894 1.169 . 81 69, 435 1.134 .74 69, 710 1, 109 37. 1 2 84. 3 : 2 36. 3 84. o 47.0 82.7 2 26.7 .71 i .77 69, 260 | 60, 069 1,093 1,097 31.0 .83 69, 454 74 55 ; ; 74 55 74 56 74 55 73 54 70 51 69 49 69 49 70 49 69 48 89 ! 92 96 92 84 89 93 95 93 83 88 94 96 90 83 88 93 96 83 82 87 94 96 79 80 87 93 95 82 78 86 92 1 94 86 79 87 92 94 89 83 86 93 94 89 77 85 94 94 85 76 76 84 93 90 92 87 89 ' 80 85 76 84 93 90 92 88 90 82 85 74 82 92 88 91 85 89 78 85 74 83 92 88 91 84 88 76 85 73 80 91 86 90 85 88 81 83 73 80 91 85 91 87 88 84 84 71 82 89 80 91 81 86 ! 81 i 75 82 89 81 92 81 85 81 73 80 89 SO 91 80 81 74 39. 9 48.0 , 39.9 48. 2 39. 2 48.1 38. 2 48.0 37.7 47. 9 38.7 47.8 36.1 ; 47.9 i 37. 5 47.9 LABOR CONDITIONS Factory operations, proportion of full-time worked, total _ _ per cent.. 84 90 Chemicals and products .per cent 93 96 Food products per cent 94 96 Leather and products per cent 91 79 Lumber and products per cent— 85 76 Metal productsIron and steel ..percent.. 79 71 Other per c€v-nt 85 76 Paper and printing percent.. 87 95 Stone, clay, and glass per cent 91 83 Textile products per cent 93 85 Tobacco products per cent 87 79 Transportation equipment per cent.. 92 82 91 Automobiles . . _ per cent 75 Miscellaneous per cent.. 88 Hours of work per week in factories: 42.7 Actual, avg. per wage earner hours... 33. 9 Nominal, or full-time week hours . . i ( 3) 48.0 j Labor disputes: 2 46 Disputes number ; 2 Man-davs lost number 400,509 i 2 Workers involved .. number ' 15, 603 Labor turnover: Accessions _ _ per cent of no. on pay roll 2.79 Separations— j Discharged per cent of no. on pay roll \ .28 Laid-off per cent of no. on pay roll 2.43 Voluntary quits per cent of no. on pay roll 1.12 Unemployment: ! Applicants at employment agencies _ ._._ no. per 100 jobs 181 Central States no. per 100 jobs 200 Eastern States no. per 100 jobs..! 387 345 Southern States no. per 100 jobs..., 66 Western States . no. per 100 jobs 88 Placements ... ._ thousands. _ i ... _ . 2 Revised. 40.9 47.9 2 2 39 2 21 251 265 2 36 245 .2, 864 21, 157,01?,M93.649 1,052,095^355,818 i2 150, 004 2 2 37, 427 29, 380 213,690 2 1,318 56, 683 2 14, 759 2. 60 3.58 2.75 3. 63 3.29 4.15 3.84 .25 3.32 \ T> 2. 40 .24 4.22 1 .21 5.01 ,17 3.03 .16 2.61 *? 45 L02 1.10 1.05 1.16 1.00 .72 .66 .71 191 217 207 258 316 1 182 i 81 122 205 246 221 277 84 83 209 i 247 235 265 94 94 217 273 212 411 94 82 196 221 214 250 269 258 191 232 231 264 287 257 91 114 118 91 98 84 3 Discontinued for present. 189 80 121 ! i 36.2 I 48.0 2 30 1 2 31 237 117,298 2417,966 :22 690, 021 4, 648 228,691 12,081 3.02 .23 ! ! .19 i 188 214 259 193 103 127 197 218 ! 266 226 ! 90 '• 139 72 78 88 81 87 78 79 71 34.4 47.6 47 617,010 22,114 SURVEY OF CURRENT BUSINESS July, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 May 29 1932 1931 May July June August SC berm1 October j February Novem- Decem- Januai ber ber March A pril EMPLOYMENT CONDITIONS AND WAGES—Continued PAYROLLS Factory, unadjusted (F. R. B.)- 1923-1925 =100.. Cement, clay, and glass 1923-1925= 100. _ Cement 1923-1925=100 Clay products 1923-1925—100 Glass . 1923-1925=100 Chemicals and products 1923-1925=100.. Chemicals and drugs 1923-1925=100.. Petroleum refining _ 1923-1925 = 1 00 Food products . 1923-1925=100 Iron and steel 1923-1925=100 Leather and products 1923-1925=100 Boots and shoes 1923-1925=100 Leather. 1923-1925=100.. Lumber and products 1923-1925=100 Machinery 1923-1925=100.. Metals, nonfeirous .1923-1925=100 Paper and printing 1923-1925—100 Rubber products . 1923-1025=100 Auto tires and tubes 1923-1925-100 Boots and shoes .. . 1923-1925=100 Textiles and products ...1923-1925=100.. Fabrics . .1923-1925=100 Wearing apparel 1923-1925=100. Tobacco manufactures 1923-1925=100 Transportation equipment... 1923-1925 =100.. Automobiles 1923-1925=100 Car building and repairing. 1923-1925= 100. _ Shipbuilding . _ 1923-1925=100 Factory, by States: Delaware _ 1923-1925=100 Illinois.. 1925-1927=100.. New Jersey _ _ 1923-1925=100 New York 1925-1927=100.. Pennsylvania 1923-1925=100 W isconsin 1925-1927 - 100 Nonmanufacturing (Department of Labor) : Mining — Anthracite 1929=100 Bituminous coal 1929=100 Metalliferous 1929=100. Petroleum, crude production 1929=100.Quarrying and noumetallic 1929=100-. Public utilities— Electric railroads .. 1929=100. Power, light, and water.. .1929=100— Telephone and telegraph 1929= 100. _ TradeRetail. . .. 1929=100 Wholesale 1929=100 Miscellaneous— Canning and preserving 1929=100 Hotels 1929=100. 46.2 30.2 30 0 22 4 46 2 66.9 65.6 72 5 72 9 30 4 45 7 44 4 50.3 22 2 35.9 34 5 77 0 48 7 50 4 41 6 41.5 40 3 44 0 48 4 45.9 53 5 37.3 71 0 72.2 56.7 65.5 48 4 67.9 88.4 85.0 2 96.1 89.7 64.9 68 7 67.0 75.0 45.7 67.8 63.4 100 0 71.0 76 6 48 8 71.7 73 3 69.4 68 3 66,1 75 6 55.3 98 3 49 4 35 4 53' 2 44' 9 37 3 41 3 67.6 54.4 64.8 44 4 68 3 84.1 83.2 91 1 89 7 57.6 66 7 64 7 74.2 44 6 62.4 59 1 96 6 72 4 77 7 51 4 66.7 69 4 61 1 68 6 58.8 62 1 53.0 91 4 64.4 49.4 60.4 40 7 60 2 82.9 82.6 89.6 88 2 52.4 72 6 71 8 75.4 41 7 57. 4 54 5 93 (] 64 0 66 4 54 6 65.9 67 0 63 4 67 5 52.7 53 2 49.0 85 6 64.3 48.1 56 7 39 1 60 9 80.4 80.7 85.6 86 7 50 6 75 5 75 1 76. 9 41 3 54. 9 52 9 93 1 62 2 64 0 5<i 3 70.2 68 3 74 2 66 3 81 1 59.3 76 3 70 4 65 8 67 2 78 56 72 66 61 64 68 54 70 65 57 61 58 0 30 7 23 8 47.1 32.3 76 1 5-1 4 49.3 64.7 62.3 06 7 52 4 46 1 62.7 60.1 53 7 50 4 41 3 59.2 57.3 56 4 50 6 40 2 56. 3 55. 1 64 9 53 6 40 0 55. 2 51.2 91 1 56 2 37 4 54. 4 48.7 71 2 84 2 82.8 85. 1 98.7 94.1 84 8 98.3 95.0 83 3 97.4 93.3 81 9 96 2 92.3 81 2 94 3 92.1 79 0 93 2 91.6 71 1 69 7 88.0 84 7 87 6 84 1 83 3 83 3 80 3 82 1 83 5 81 4 84 6 79 9 36 0 67 0 56 0 87.7 58 6 85 4 74 2 85 2 104 7 83 8 12Q 4 81 9 17 17 24 25 23 07 22 34 99 49 19. 63 14.64 11 03 64.5 27.04 20.75 15.37 91.1 25.71 19.55 15 17 86.7 24.89 18.92 14 79 84.0 24. 76 18.86 14 78 84.5 63.7 65 7 64 0 87.8 93. 1 89.2 83.4 87 7 88 0 80.8 84 9 85 8 103 6 74 8 86.5 06.4 105.8 89 6 78 0 * 93 1 85.6 61. 1 84 9 61 3 100 5 84,3 102 2 91 0 82.3 82 8 .664 32 .36 .19 36 .44 .34 47 .20 .28 .25 .45 107.5 0 6 0 7 5 2 7 6 8 5 3 0 59.4 43.9 48 5 35 9 57 0 80.8 84.4 80 8 85 9 43*9 56 4 53 7 66. 6 38 2 50.2 49 9 91 4 53 7 51 9 60 9 50 4 48.1 82 8 61.8 46. 1 51 7 37 3 60 3 80.8 82.6 83 0 87 4 45 2 67 7 66 6 71. 8 40 3 51.2 50 2 90 4 54 6 53 0 61 0 71.0 65 1 82 9 62 7 45.6 41 5 45.6 78 8 62 9 72 2 64 6 45.3 41 4 44.7 83 5 76.4 78.8 77 9 83 2 41 2 47 o 43 1 61. 1 34 4 48.3 48 8 90 6 50 1 48 0 58 7 59.3 (;0 1 57 8 64 5 45.2 4° 3 43.9 81 4 68 53 70 65 57 58 64 50 66 66 54 55 61 47 689 6 54 5'' 54 43 65 59 51 50 so! 9 9 9 7 0 0 9 1 3 6 5 3 6 eel o 0 7 9 3 5 8 56.2 40.9 43 7 34 2 7 2 8 4 1 0 55.8 37.4 37 4 30 3 51 7 75.0 76.2 77 8 82 7 41 0 50 3 47 9 58. 8 31 2 48.9 48 fi 91 0 59 o 50 3 56 7 58. 1 00 0 54 4 58 9 47.1 ^80 42. 6 84 8 52.4 31.1 31 4 24 1 44 9 71.4 71.4 75. 9 78 6 36 3 53 3 52 5 56.3 26 6 44. 5 44 9 85 5 53 0 54 3 48 3 55.5 67 1 52 4 53' o 44.3 47 7 38.0 81 2 53.6 32.9 31.4 24 3 51 0 71.0 71.1 75. 1 70 3 37.2 61 4 61 9 59.8 25 9 45.0 45 0 83 5 54 2 56 7 44 2 59.8 60 3 58 8 53 4 45.6 52 0 37l 0 79 2 5f; 4 57 43 60 54 49 44 59 42 60 53 49 48 45 1 62 7 57 8 52 3 jo 0 8 g 5 6 4 1 48.7 31.7 29.9 23.6 49.2 68.5 67.2 71.2 72.8 32.1 55.7 1 ! 55l 7 23.2 39.1 38.3 79.7 48.3 50.1 41.0 49.4 46. 9 54. 6 49.3 43.9 47.1 37.4 81.8 ! i: i 5 3 5 9 1 1 52.8 37.5 54. 6 50.1 41 5 44.6 79 5 54 6 351 52.0 43.3 79 7 93 3 89.7 78 4 59 3 34 3 54. 9 36.9 61 5 47 0 29 7 46.5 30.2 57 3 47 0 27 8 46.9 29.6 72.0 33.9 25. 0 44.5 30.0 77 ^ 91 2 92,7 74 3 88 4 89.1 73 e 86* 0 89.6 70.7 82.4 83.4 94 1 77 8 78 0 74 1 73 7 72 5 72.7 68.9 70 7 85 4 79 7 4g 1 77 U. i'I 36 9 75 4 31 S 7'} 9 3° 7 2 73 9 37.9 69.6 °1 75 °1 21 OQ 29 20 74 18 99 19 51 17.58 23.95 18. 19 14 57 81.7 23.10 18.05 13 85 79.7 22.20 17. 07 13 37 76.2 22.56 17. 00 13 63 77.9 21.84 16.28 I 9 79 71.4 22.37 16. 67 13 32 73.3 19. 97 14.84 11. 64 66.1 80.4 84 6 85 7 77.7 81 6 84 5 75.0 SI 0 80 3 72.1 76 6 77 6 73.2 76 3 79 1 70. 9 73 i 7/1 9 72.6 74 8 77 3 64.8 66. 6 67. 5 89 9 84.1 102 2 91 1 78.3 75 7 91 2 83.5 101 4 90 9 78.4 76 4 87 0 79.4 95 1 ()0 3 75.3 72 2 78.1 99 4 87 5 76.3 71 7 74.4 97 0 86 3 72.9 70 8 76.2 96 3 85 4 74.4 71 ° 76.4 95 8 84 1 72. 5 60 0 83 2 73.2 94 5 82 9 71.8 69 1 77.6 68. 3 90.0 80.7 64. 8 64.5 37 00 .659 .660 .662 **4 22 .669 . 664 .684 30 53 .675 .678 .624 . 37 .37 .21 .38 .45 .45 .50 .21 .36 .22 37 .36 .20 36 .46 .44 51 .21 .36 .20 36 .35 .20 36 .45 .45 51 .22 .35 .20 36 .35 .19 37 .47 .44 50 .20 .35 .22 35 34 .38 . 18 37 .46 .43 51 39 .40 . 19 37 .45 .41 50 .18 .38 .24 .50 1.10. 5 .50 110.5 .50 107.5 .50 107. 5 .45 107.5 W AGES— EARNINGS AND RATES Factory, weekly earnings (24 industries): All wage earners dollars MaleSkilled and semiskilled dollars.. Unskilled dollars.. Female . dollars All wage earners ..1923=100M aleSkilled and semiskilled. 1923=100.Unskilled. . 1923=100 Female _._ 1923 = 100. Factory, weekly earnings, by States: Delaware 1923 1Q25 — 100 Illinois 1925-1927=100.. New Jersey 1923-1925=100. New York. 1925-1927=100 Pennsylvania1923-1925 = 100.. Wisconsin . 1925-1927=100 Miscellaneous data: Farm wages, without board (quarterly) . dolls, per month Railroads, wages per hour dollars.. Road-building wages, common labor*— United States _ dolls, per hour East North Central dolls, per hour.. East South Central dolls, per hour.. Middle Atlantic dolls per hour Mountain States... dolls, per hour.. New England dolls, per hour.. Pacific States dolls, per hour South Atlantic dolls, per hour.. West North Central dolls, per hour.. West South Central dolls, per hour.. Steel industry— U. S. Steel Corporation dolls, per hour.. Youngstown district p. ct. base scale. _ 1 Revised. 34 .36 . 18 36 . 46 .43 50 .20 .35 .24 .45 107. 5 1 19 37 .46 .42 51 .21 .35 .24 1 36 .23 33 .40 .18 38 .47 .43 61 .21 .36 .23 .45 107.5 .45 107.5 .45 107.5 " Beginning with March, 1932, method of computing rates was changed. 33 .40 . 17 40 .44 .43 49 .21 .42 . 25 .45 107.5 .33 .37 .19 .40 .44 .39 .48 .20 .33 .24 .45 107.5 .45 107.5 30 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 1931 May August SeptemOctober ber May June July July, 1932 1933 Decem- January No v m b er " ber F ^ni- March i April FINANCE BANKING Acceptances and commercial paper outstanding: Bankers acceptances, total. .-mills, of dolls.. Held by Federal reserve banks— For own account . mills, of dolls . For foreign correspondents mills, of dolls Held by group of accepting banks, total mills, of dolls Own bills mills, of dolls _ Purchased bills mills of dolls Held by others mills, of dolls Commercial paper outstanding mills, of dolls Agricultural loans outstanding: Credit banks, intermediate. .mills, of dolls.. Land banks Federal mills of dolls Land banks, joint stock mills, of dolls.. Bank debits, total mills, of dolls New York City mills of dolls Outside New York City mills, of dolls.. Brokers' loans: Reported by New York Stock Exchange mills, of dolls Ratio to market value ..per centBy reporting New York member banks _ mills, of dolls. Federal reserve banks: Acceptance holdings. (See Acceptances.) Assets total mills of dolls Reserve bank credit outstanding mills of dolls Bills bought . mills, of dolls Bills discounted. mills, of dolls United States securities ..mills, of dolls.. Reserves, total _. mills, of dolls Gold reserves mills, of dolls Liabilities, total mills, of dolls Deposits, total .mills, of dolls Member bank reserves mills, of dolls.. Notes in circulation .. mills, of dolls Reserve ratio percent Federal Reserve member banks: Deposits— Net demand mills of dolls Time mills, of dolls.. Investments ..mills, of dolls.. Loans, total mills, of dolls.. On securities mills, of dolls. . All other loans mills, of dolls. . Interest rates and yield on securities: Acceptances bankers, prime per cent Bond yields. (See Bonds.) Call loans, renewal .. per cent Com'l. paper, prime (4-6 mos.) per cent.. Discount rate, N. Y. F. R. Bank.. per cent.. Federal land bank loans per cent Intermediate credit bank loans per cent.. Real estate bonds, long term per cent Stock yields. (See Stocks.) Time loans, 90 days _ per cent Savings deposits: New York State _. mills of dolls U. S. Postal SavingsBalance to credit of depositors thous. of dolls.. Balance on deposit in banks thous. of dolls.. 787 1,413 1,368 1,228 1,090 996 1,040 1,002 974 961 919 911 5 124 95 39 70 420 647 418 305 119 76 36 16 380 ; 341 243 228 100 99 126 251 314 312 335 2<jo 464 171 293 444 554 196 357 379 668 232 436 278 606 168 438 186 410 162 248 66 230 112 118 63 296 125 171 162 262 131 131 156 332 159 174 195 343 175 168 189 377 155 222 162 455 188 268 115 111 305 292 289 271 248 210 174 118 108 103 106 108 116 1,143 137 1,182 532 45, 299 25, 893 19, 406 137 1? 179 551 39, 451 21, 007 18, 444 133 1,178 548 34, 027 17, 501 16, 526 130 1,174 545 36, 700 20, 073 16, 627 124 1,171 540 38, 803 20, 678 18, 125 124 1, 167 535 29, 069 14, 464 14, 605 120 1,163 530 36, 345 19, 233 17, 112 118 1,158 525 33, 569 17, 676 15, 893 114 1,154 520 27, 251 12, 498 131 1,184 536 43, 930 25, 072 18, 858 12, 870 112 1, 150 513 29, 889 16, 160 13, 729 113 1, 146 507 29, {J24 15, 558 14, 366 300 1.86 1, 435 3.37 1,391 O QQ 1,344 3.03 1,354 3. 04 1,044 3.23 796 2.38 730 2.35 587 2.20 512 1.94 525 1.90 533 2.18 379 1.87 409 1,539 1,479 1,390 1,366 1, 172 S69 720 591 505 495 525 495 5,566 4,932 5,154 5, 146 5,409 5,530 5,666 5, 580 5,672 5,523 5,374 5,399 5,560 2, 096 36 490 1, 549 2, 987 2, 790 917 125 174 598 3, 413 3, 250 943 106 149 668 976 73 195 678 1,255 215 255 728 3, 619 1,578 469 328 742 3,301 3,138 2,184 681 728 727 1,931 452 718 717 1,853 339 638 817 3, 158 1,856 153 899 746 3, 169 2,976 5,523 2,093 1,947 2,665 66.6 1,709 109 828 740 3,140 2, 938 1 5^7 68 639 872 3, 235 3, 020 5, 369 2,012 1, 924 1,850 48 556 1,228 3, 123 5,777 7,327 11, 166 5,751 7,149 12, 830 5,574 7,256 3 2^-3 183 490 25, 411 12,913 5,566 2, 240 2,113 2,572 4,932 2,442 2,389 62.1 1,580 84.9 11, 102 13, 605 5,664 7,385 11,631 4,907 6,724 7,347 7,807 14, 730 6, 867 7,863 3,576 3,409 3,597 3,431 5,146 5, 154 2, 504 2,381 1, 723 84.6 2,527 2,367 1,765 83.8 13, 688 7,172 13, 473 7,144 7,810 14, 486 6, 544 7,795 14, 691 6, 746 7,945 7,942 K 3,456 5,409 2, 632 2,373 1,963 78.8 13, 244 7,003 7,665 14, 398 6, 519 7,879 Ji-lH Ks-1/8 2.50 3.00 5.63 4.79 0 1. 45 2-2 H •1.50 5. 63 4.00 5.43 1.50 2 1.50 5. 03 3.90 5.69 1.50 2 1.50 5.03 3.81 5.43 1.50 2 1. 50 5.63 3.81 5.76 Ui 2 1M-2 i^-ih ±1A-11A 5,243 5,083 5,156 5,149 23,4-31/2 K K 5,530 2,506 2,364 2,098 71.7 13, 227 6,775 7,916 14, 191 6,346 7, 845 2,903 2,746 5, 666 2,380 2,167 2,429 60.4 12, 449 6,358 7,700 13, 521 5, 897 7,624 3,080 2,918 5,580 2,252 2,051 2, 480 65.1 12, 199 6,142 7, 506 13, 350 5, 807 7,543 K 1M 1M--3K 2J/8-3M 2.50 2,989 5, 672 2, 125 1,961 2,624 66.5 11,877 5,898 7,428 13, 104 1.50 2 1.50 5.63 3.81 5.80 2.10 2-4]4 *3. 50 5.63 4. 06 5.00 1M-1K 1M-2 2K-4 3-1 3-4 5,173 5,231 5,217 5,213 5,255 3^4-4M 3.50 5.63 4.50 5.71 14,381 5,374 1,937 1, 849 2,651 68.4 5, 500 2, 225 2, 124 2,566 2,563 67.1 11,003 5.700 6,935 10, 941 11, 144 12, 588 5, 440 7, 14 S 12,211 5,328 6,883 93 4 2^ 2.50 3^-4 3^-4 *3.00 3.50 5.63 5.34 5.50 2 3,004 70.7 2.65 2.70 3M-4 3.50 5.63 5.06 5.43 879 5. 63 5.43 0 5,680 7, 143 93£ 5£ 2.50 31/2-4 3.00 5.63 5.44 5.50 3K-4 3M-3M 2% 314 5, 240 2 2 5, 293 5,242 5,685 7,151 111,88 5, 099 6,783 % 2l/i 2.50 3H-3?4 3.00 5.63 5. 27 5.50 o 3 2 5, 262 733, 527 325, 028 347, 417 372, 457 422, 699 468, 908 536, 660 564, 809 605, 112 658, 081 683, 627 699, 280 713, 867 644, 487 289, 034 306, 120 329, 655 365, 798 395, 725 449, 933 479, 035 2 510, 763 570, 525 602, 317 620, 139 634, 752 91 43, 210 167 190, 480 93 40, 745 158 180, 028 305 233, 505 522 471, 380 175 67, 939 358 342 277, 051 2219,071 2 124 2 65, 419 246 2 14, 991 271 2 31, 924 22, 248 126 552 12 47 14 65 50 27 9 78 250 1,570 19 108 295 401 88 357 302 1,993 109 449 7 74 26 57 37 21 7 53 167 1,435 20 84 235 360 89 243 404 1,983 141 520 13 40 16 39 49 17 13 75 258 1,322 19 86 257 363 66 239 292 1, 944 136 427 9 37 18 52 49 14 6 61 181 1, 381 12 109 220 441 78 235 286 1,936 113 449 13 50 14 49 32 23 6 64 198 1,374 15 90 273 353 87 234 322 2,362 2,195 131 519 12 55 11 62 64 24 18 82 191 1,545 19 114 289 411 124 260 328 FAILURES Bank suspensions: Total _ number 77 Deposit liabilities thous. of dolls.. 36, 084 Commercial failures: Total number 2,788 Agents and brokers _ number 129 Manufacturers, total number 672 Chemicals, drugs, and paints... number __ 14 Foodstuffs and tobacco. .number.. 51 Leather and manufactures number.. 25 Lumber number 83 Metals and machinery.. , number 64 Printing and engraving __ number 44 Stone, clay, and glass number.. 15 Textiles ._ . number 145 Miscellaneous number 231 Traders, total number.. 1,987 Books and paper . _ number 27 Chemicals, drugs, and paints number. _ 114 Clothing number.. 434 Food and tobacco . number 511 General stores number 134 Household furnishings number. . 386 Miscellaneous— number.. 381 2 Revised. 143 614 11 64 18 54 55 32 9 81 290 1,605 18 112 284 447 105 260 379 2,758 154 591 14 52 20 65 49 29 11 116 235 2,013 16 142 421 591 ! 159 343 1 341 3,458 2,732 175 688 22 58 25 82 75 28 12 133 253 128 602 19 53 20 62 77 26 23 103 219 2,595 2,002 37 120 701 556 195 536 450 16 126 505 489 144 398 324 * Rate changed May 8, Oct. 9, Oct. 16, 1931, and Feb. 26, 1932. 2,951 201 642 17 53 19 86 80 24 14 105 244 2,108 14 148 437 545 158 487 ! 31Q 2,816 169 641 23 65 21 77 59 31 18 92 245 2,006 24 123 448 475 110 426 400 July, 1932 Earlier data, together with explanatory tootnoies, footnotes, may be &e found round in ine the 1932 ivzz Annual Supplement to the Survey ! SURVEY OF CURRENT BUSINESS 1933 May 31 1932 1931 May Juno July j August SeptemOctober I November ber 1 January ™- I March Apiil FINANCE—Continued FAILURES-Continued Commercial— continued. Liabilities, total - thous. of dolls Agents and brokers thous of dolls Manufacturers, total thous. of dolls Chemicals, drugs, and paints thous. of dolls .. Foodstuffs and tobacco. .thous. of dolls. Leather and manufactures. thous. of dollsLumber ._ thous. of dolls Metals and machinery. „. thous. of dolls ... Printing and engraving.. thous. of dolls. . Stone, clay, and glass,!.. thous. of dolls. . Textiles _ thous. of dolls Miscellaneous thous of dolls Traders, total thous. of dolls.. Books and paper thous. of dolls. . Chemicals, drugs, and paints thous. of dolls.. Clothing _ thous. of dolls Foods and tobacco -. -thous. of dolls General stores thous of dolls Household furnishings.. -thous. of dolls.. Miscellaneous thous. of dolls ._ 83, 764 18, 100 36, 078 53, 371 9,796 18, 506 51, 656 3,813 21, 909 60, 998 12, 321 20, 586 53, 025 10, 210 16, 967 47, 256 7,741 14, 857 70, 600 14, 841 27, 334 60, 660 7,318 26, 112 73, 213 12, 373 22, 454 96, 860 10, 676 31, 680 84, 900 10, 016 33, 879 93, 760 16, 349 31, 293 101, 069 16, 194 43, 138 477 646 345 411 513 1, 363 873 565 285 492 701 1, 266 596 1,100 1,242 810 1,022 1, 076 836 1,836 2, 587 805 312 1,480 679 935 1,337 9, 958 4, 549 1,546 252 4, 096 7,277 35, 585 445 346 4,763 34560 602 83 1,660 6,737 25, 069 125 1,068 3,928 7, 267 735 349 939 5,746 25, 934 264 524 3,492 2,632 683 216 2,022 9,580 28, 091 163 252 3,039 1, 723 136 243 2, 035 8,717 25, 848 110 133 1,241 3,471 519 228 1, 252 6, 046 24, 658 575 216 3, 659 6,183 750 2, 305 4, 619 7,905 29, 486 668 198 3,567 9,157 744 1,049 2,004 7,341 27, 229 321 705 2,480 1,414 706 2, 698 3,543 8,810 38, 385 231 1,033 6. 445 3, 332 652 130 3,903 13, 512 54, 505 556 3,172 4, 347 5, 398 1,208 1,575 4,357 10, 431 41, 005 104 2,390 5,947 5,414 982 498 2,943 11, 329 44, 118 139 1,188 5, 757 6,307 1,265 945 4,031 22, 030 47, 736 922 1,342 7, 732 8,856 2,198 7, 729 7,283 915 3,778 7,162 1, 303 5,730 63055 756 3, 242 5,654 807 5, 474 9,738 1. 104 4,497 8,201 1,151 6,855 6, 118 1,106 5,056 7, 260 1,212 6, 008 5, 096 1, 464 4,722 4,884 1,314 5,579 6,119 1,348 6, 131 8,272 1,734 5,489 5,845 1,323 4, 309 7,674 1, 502 5,828 6,273 1,901 5,624 12, 881 2,616 7,721 7,410 2, 254 11, 262 12, 681 4,957 11, 358 11,437 1,890 8,687 10, 085 2,287 9,531 8,422 1,929 5,327 12,267 5,582 11, 474 7,399 1,623 7,921 15, 542 1,629 10, 019 10, 080 15, 769 6,345 1,541 4, 804 15, 871 6, 356 1, 537 4,814 15, 978 6,353 1, 535 4,818 16, 070 6,359 1,533 4, 826 16. 135 6,363 1, 530 4, 833 16, 227 6,379 1,527 4,852 16, 288 6,387 1,523 4,864 16, 366 6, 382 1,512 4,870 16, 459 6,397 1,512 4,885 16, 537 6,393 1,506 4,887 16, 572 6,383 1,498 4, 885 5,927 1,164 1,611 2,653 499 2,331 5,990 1, 189 1,644 2,653 504 2,363 6, 035 1,213 1,662 2, 657 503 2,388 6,092 1, 258 1,667 2,663 504 2,409 6,143 1, 292 1, 663 2, 669 519 2,446 6,159 1, 283 1, 605 2, 687 524 2,508 6, 164 1, 284 1,667 2,688 525 2,544 6,167 1,289 1,667 2, 686 525 2,594 6,163 1,290 1,664 2,683 526 2,655 6,177 1, 303 1,672 2,679 523 2,704 6,177 1, 302 1678 2,675 522 2,742 1,168 1,256 35 45 845 926 288 285 980, 000 1,005,000 72, 000 81. 000 236, 000 251, 000 672, 000 673. 000 268, 658 256, 586 25, 175 13, 868 8, 037 8,117 59, 884 60, 654 175, 562 173, 947 1,276 22 994 260 905, 000 46, 000 253, 000 606. 000 260, 103 17,979 8,114 55, 612 178, 398 1,254 26 995 233 839, 451 45, 944 246, 908 546, 599 234. 652 9,304 7, 895 62, 874 154, 579 968 22 723 223 720, 218 37, 300 199, 218 483, 700 222, 309 9, 019 7, 521 55, 319 150, 450 1, 035 18 761 256 817, 858 40, 504 213. 931 563, 423 241, 561 10, 125 7,484 58, 365 165, 587 1,229 1,100 1,551 19 49 44 804 951 1,156 248 259 350 846, 617 1,117,187 944, 848 28, 595 101, 205 111,920 230, 344 261, 773 217, 552 587, 678 754, 209 615,376 235, 201 348, 384 248, 576 9,812 14, 434 23, 904 7,464 8,862 10, 166 59, 204 113,491 60, 570 158, 721 200, 823 164, 710 1,089 21 816 252 833, 324 35, 123 220, 568 577, 633 249, 578 10, 412 8,225 61, 157 169, 784 1,2 4 21 931 271 889, 664 46, 574 251, 059 593, 031 261, 166 13, 00 3 9,333 56, 810 182, 020 1,144 36 860 248 822, 990 64, 884 236, 898 521, 208 250, 826 13, 331 8,178 57, 693 171, 624 735 321 70 84 259 111 635 267 63 74 231 589 243 61 69 217 535 221 57 61 196 124 600 258 61 64 216 593 268 58 61 206 639 279 66 65 229 123 557 245 54 59 199 . 707 .139 .067 . 999 ,121 4.86 ,039 .238 .361 .052 .494 .402 .100 .268 .614 .703 .139 .075 .997 .121 4.86 .039 .237 .360 .052 .494 .402 .097 .268 .585 .699 .140 .072 .997 .121 4.86 .039 .233 .360 .052 .494 .403 .093 .268 . .543 .646 .139 .064 .997 .121 4.86 .039 .237 .359 .052 .494 .403 .088 .268 .460 . 597 .139 .059 .963 .120 4.53 .039 .234 .339 .052 .493 .403 .090 .261 .419 4,767 4, 865 4,958 4,975 4,948 LIFE INSURANCE (Association of Life Insurance Presidents) Assets, admitted, total ....mills, of dolls-. Mortgage loans.. mills, of dolls.. Farm Dills, of dolls.. Other mills of dolls Bonds and stocks held (book value) mils, of dolls. _ Government. nills. of dolls.. Public utility nills of dolls Railroad ..mills, of dollsOther mills of dolls Policy loans and premium notes.thous. of dolls.. Insurance written: Policies and certificates thousands— Group., thousands. . Industrial ._ thousands . Ordinary thousands. . Value, total _ . _ _ .. thous. of dolls Group thous of dolls Industrial .. _ thous. of dolls Ordinary thous. of dolls.. Premium collections thous. of dolls.. Annuities thous. of dolls Group . thcus of dolls Industrial thous of dolls Ordinary thous. of dolls.. 1, 090 23 833 233 760, 127 49, 114 222, 956 488, 057 245, 270 12, 287 7,205 27, 954 167, 824 (Life Insurance Sales Research Bureau) Insurance written ordinary, total-mills, of dolls.. Eastern district.. mills, of dolls Far Western district mills, of dolls.. Southern district mills, of dolls.. Western district . _ mills, of dolls Lapse rates .. .. 1925 1926-100 531 230 52 59 190 724 313 69 82 261 630 279 64 67 220 800 342 80 89 289 127 635 289 63 68 214 .520 .140 .056 .891 .121 3.89 .039 .232 .287 .052 .493 .404 .090 .231 .349 .588 . 139 .062 .890 .121 3.72 .039 .237 .280 .052 .493 .402 .086 .207 .450 .585 . 139 .062 .827 .121 3.37 .039 .236 .254 .051 .435 .402 .084 .187 .446 . 583 .339 .062 .851 .121 3.43 .039 .237 .258 . 050 .360 .402 .084 .192 .449 .582 .139 .062 .873 .121 3. 46 .039 .237 .260 .052 .343 .404 .078 .193 .462 . 583 .139 .062 .895 .121 3.64 .039 .238 .273 .052 .322 .403 .076 .199 .471 . 582 . 140 . 065 . 899 . 107 3.75 .039 .237 .280 .052 .328 .405 .077 .191 .473 4,447 4, 363 4,450 4,452 4,384 4,372 4,381 433, 150 406, 781 348, 479 58, 312 26, 368 25, 385 43, 909 107, 863 128,211 19, 238 37, 644 234,912 2 72, 951 -90, 567 —24, 671 936, 784 914,012 960, 035 91, 273 91, 704 89, 185 5,531 5, 627 5,645 344, 500 3, 909 49, 509 2 19, 271 2 —30, 238 949, 796 85, 906 5, 452 MONETARY STATISTICS Foreign exchange rates: .583 Argentina dolls, per gold peso . 140 Belgium dolls, per belga . 071 Brazil. dolls, per milreis.. .884 Canada dolls, per Canadian doll-.080 Chile dolls, per peso— 3.68 England dolls, per £__ .040 France dolls per franc .238 Germany ..dolls, per reichsmark... .273 India dolls, per rupee-.052 Italy _ dolls, per lira.. .328 Japan. . dolls per yen Netherlands dolls, perflorin.. .406 .081 Spain.. dolls, per peseta-.187 Sweden dolls per krona .475 Uruguay dolls, per peso— Gold and money: 4,273 Monetary stocks, TJ. S mills of dolls... Movement, foreign — Earmarked by F. R. B., foreign account thous of dolls 366, 649 Net change in earmark acct.thous. of dolls.. 22, 149 Exports thous. of dolls.. 212, 229 16,715 Imports thous of dolls Net gold imports* thous. of dolls- —185,514 Production, Rand.. fine ounces.. 965, 644 Receipts at mint, domestic fine ounces-- 100, 763 Money in circulation, total— .mills, of dolls.. 5,456 Federal Reserve notes. (See Fed. Res. Bks.) 2 Revised. 123, 795 4, 000 628 50, 258 49, 680 910, 279 95, 133 4,679 31,531 77, 231 356, 321 463,931 435, 621 458, 534 61,231 92, 264 -29, 700 -16,000 -279,090 -107.600 28, 310 -22,913 39 40 1, 009 28, 708 398, 604 4. 994 32, 651 63, 887 57, 539 20, 512 49, 269 60, 919 94. 430 89, 509 63, 847 19, 503 57,500 20, 561 -337.685 89, 436 56, 858 897, 000 916,843 916, 425 916, 000 945,113 900,510 923, 353 114, 651 118, 123 115, 343 128. 928 123, 748 134, 775 123, 555 4,947 5, 133 4,750 4,836 5,478 5, 518 5,611 * Or exports (-). 32 SURVEY OF CURRENT BUSINESS July, 1932 1933 1931 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey May Juno July i August I Se Novem-: Decem- January! Febru£^ ~j October ber | ber ary m March April FINANCE—Continued MONETARY STATISTICS -Continued Silver: Exports thous. of dolls.. Imports thous. of dolls.. Price at New York dolls, per fine oz._ Production, estimated, world (85 per cent of total) thous. of fine oz Canada thous. of fine oz.. "Mexico thous. of tine ox United States thous. offineo z _ _ Stocks, end of month United States. thous. offineo z _ _ Canada thous. of fine oz.. 1. 865 1, 547 ! .278 2, 099 2, 636 .277 1,895 2, 364 .273 2, 305 1,663 .283 2, 024 2, 685 .,275 2,183 2, 355 .282 2, 158 2, 573 .295 872 2, 138 .322 2, 168 3, 215 .301 1,611 2, 097 .298 942 2, 009 .301 967 1,809 .298 1 Q?4 14, 469 1,836 7, 374 2, 762 12, 418 1 227 7,041 2, 433 12, 855 2, 133 6,390 2,176 12, 643 1.610 6,, 814 2, 419 12,490 1, 403 7, 510 2,101 12, 992 1,987 7,312 2,181 11,739 1,659 6, 295 2, 132 10, 821 1,113 5, 590 2,350 11,571 1,484 6,231 2,114 11,086 1,539 6, 293 1,677 9, 113 1,128 4 548 1, 785 5, 867 1, 983 1,485 1,423 1,611 958 2, 077 754 2,240 1,363 4, 082 989 4, 066 1,110 5,035 1,471 6, 209 1,273 6,517 1, 324 6,408 1, 538 7,479 1,677 731 2 2 1,617 1. 890 .283 2 2, 104 2 6,718 1,681 1, 338 NET CORPORATION PROFITS (Quarterly) profits total mills, of dolls Industrial and" mercantile., total mills, of dolls.. Autos, parts and aecessories.mills. of dolls. . Foods mills, of dolls "Metals and minin? mills of dol's Machinery mills, of dolls Qil mills of dolls Steelandrailroadecuiipiiient mills, of 'lolls JMiscell'ineous mills of dolls Public utilities mills, of dolls Railroads Class I mills, of dolls Telephones mills of do'ls * 1 441 390 267 254.4 159 Go 35 3 5 (I 11 9 53 78 132 72 97 d1 d 30 22 d •> 29.4 1.6 23.4 d 02 d 0. 3 0 5 d 24. 5 28 9 70.9 66.0 58.7 14 29 d1 3 5 (11 48 59 167 67 2 d 13 d 13 33 79 125 64 PUBLIC FINANCE (FEDERAL) Debt, gross, end of month mills, Expenditures, chargeable to ordinary receipts thous. "Receipts ordinary total thous. Customs " - thous. Internal revenue total thous. Income tax thous. 19, 037 16, 527 16, 801 16, 802 16,864 17,321 17, 292 17, 310 17, 825 17,816 18, 126 18, 507 18, 597 of dolls.. 447,019 of doll91 035 of dolls _ IS 004 of dolls 0') 013 of dolls.. 22 324 285, 892 124, 405 27, 463 76, 865 28, 766 375, 153 512, 894 2S, 986 345, 863 294, 201 330. 601 131, 706 34, 4SO 74, 169 24,376 323, 838 122, 141 38, 240 68, 394 25,211 356, 630 368, 792 35, 500 312 581 263, 877 416,472 134 649 35, 175 72 356 25, 773 292, 652 106 304 27 445 59 098 19, 546 862, 348 342 271 26 549 295 499 256, 522 232, 927 107 748 27, 180 62 539 22i 134 370, 986 97, 140 23. 191 59 054 23,317 385, 486 275, 932 23, 231 231, 830 192, 703 543, 759 98, 822 21, 383 55, 201 20, 469 402, 307 368, 507 33, 800 252, 918 11, 350 0 3,813 3, 425 0 2,700 220, 416 16,113 1, 226 20, 000 120, 889 267, 137 267, 137 0 155, 934 15, 439 844 1,651 800 0 ' 350 136, 800 0 1,200 15, 000 96, 203 126, 836 126, 836 0 51, 997 9,597 0 2, 650 2, 100 0 1, 985 27, 456 12, 295 0 313, 330 263, 330 50 000 176, 264 4, 550 45, 932 45, 932 130, 787 130 787 139, 391 139 391 193, 939 193 939 94, 497 94, 497 190, 020 190, 020 70, 202 583 86, 331 19, 100 48, 164 2,319 44, 551 100 57, 344 341 5, 784 2,619 500 1,979 51, 285 12, 550 0 6, 000 54, 585 5,785 3,185 0 2, 575 53, 398 0 8,048 12, 000 41, 060 1,225 1,075 0 690 44 620 74, 839 67, 009 66, 785 0 66, 445 42, 080 60, 000 2, 625 20, 000 117.066 17.891 2, 160 941 9, 625 9, 125 0 9, 125 2,000 0 3, 165 12, 000 16, 041 0 34, 901 4,950 1,700 15,000 34, 947 1,911 905 0 755 51, 097 3,425 571 25, 000 107, 675 142, 319 142,319 0 48, 194 0 0 490 490 0 0 46, 206 0 1,498 25, 000 69, 126 251, 163 224, 803 106, 043 0 118, 820 26, 300 . 151,145 121,575 222, 564 223, 504 115, 070 15,000 92, 45)5 0 44, 573 40, 864 120, 329 120, 329 46, 197 0 74, 132 0 6, 507 5,800 270, 540 220, 540 106, 381 0 114, 158 50, 000 42, 791 19, 883 44, 988 44, 988 17, 391 12, 000 15, 597 0 945 500 110,215 110,215 50, 123 6, 000 54, 092 0 20, 571 20, 079 118, 751 118,751 66, 984 12, 000 39, 767 179,919 179,919 20, 641 19, 347 14, 020 1,500 73, 389 73, 389 38, 863 0 34, 526 0 21, 109 5, 688 160, 612 160, 612 48, 247 5,000 107, 365 0 29, 408 9, 097 70, 268 70, 268 15, 070 25, 000 30, 199 0 72, 051 33, 124 ! 396,423 247,034 5, 884 265,017 153, 814 2,120 114, 674 3-9, 835 12, 162 300, 465 163, 309 12, 80S 42, 326 14, 285 3,606 106, 932 46, 347 23, 855 100, 523 47, 463 38, 868 189, 520 43, 745 4, 419 90, 685 40, 738 3,813 187, 282 54, 607 2,738 142, 319 48, 194 0 1 120,336 1 30,892 85, 327 45,602 75,618 91, 522 119, 143 104, 129 18, 293 50, 122 54, 322 74, 625 49, 244 83, 142 135, 154 111,018 35, 310 100, 757 88, §47 174, 948 of dolls.. CAPITAL ISSUES Total, all issues (Commercial and Financial Chronicle) . thous. of dolls.. 122, 802 427. 713 Domestic total -. ..thous. of dolls. 122 80° 417,569 10, 144 Foreign total thous. of dolls 0 250, 590 Corporate, total" thous. of dolls. _ 22 931 J Industrial - --- -thous. of dolls. . " o ! 6, 850 0 0 Investmert trusts thous. of dolls 10,415 Land, buildings, etc thous. of dolls.. 0 9, 485 Long-term issues thous. of dolls.. 0 265 0 Apartments and hotels.thous. of dolls.. o 8, 650 Office and 5commercial. thous. of dolls.. 210, 025 22, 031 Public utilitie -thous. of dolls 22, 500 Railroads thous. of dolls . 800 200 Miscellaneous thous. of dolls . .! 100 Farm loan bank issues thous. of dolls i 15, OOu Municipal, States, etc thous. of dolls.. i 85, (531 174, 879 Purpose of issueNew capital, total thous. of dolls. . 91, 211 344, 104 Domestic, total thous. of dolls.. 91.211 334, 020 Corporate .thous. of dolls | 7,231 161, 360 100 Farm loan bank issues.thous. of dolls.. i ° Municipal, State, etc.. .thous. of dolls.. ! Si, Oil 172, 560 10, 144 0 Foreign thous. of dolls i 83, 549 Refunding, total thous. of dolls.. 31, (12 8.1. 230 Corporate. thous. of dolls.. i 15, 000 Type of security, all issues: Bonds and notes, total thous. of dolls.. 122,802 367, 188 C orporate thous . of dolls. .1 22,231 190, 065 60, 525 0 Stocks thous. of dolls i 1 State and municipals (Bond Buyer): Permanent (long term) thous. of dolls ! 84, 880 169, 094 24, 772 Temporary (short term) thous. of dolls.. !1 44,714 SECURITY MARKETS Bonds o o o o o o o 0 0 12, 500 133, 275 46, 664 0 133, 255 o o 0 2,900 0 o 0 0 2 2 66, 883 118, 077 j | Prices: All listed bonds, avg. price (N. Y. S. E.) dollars ! Domestic issues dollars... i Foreign issues.. dollars.. ii Domestic (Dow-Jones) (40) p. ct. of par 4% bond.. Industrials (10) p. ct. of par 4% bond,.. ! Public utilities (10). p. ct. of par 4% bond.. 1 Rails, high grade (10) p. ct. of par 4% bond.. Rails, second grade (10) 1 D. ct. of par 4% bond Domestic (Standard Statistics) (GO). .dollars. Domestic U. S. Liberty (.V. Y. Trust) (5) p ct of par i Foreign (N. Y. Trust) (40) p. ct. of par.. i o 0 o 70. 62 73. 57 05. 40 93. 67 ' 94.88 i 91,60 ; 94. 77 95. 86 92. 89 93.14 95. 49 89. 13 91. 09 93. 75 86. 54 81.70 88. 34 70.04 79.28 86.13 67.28 75.19 84. 13 59. 55 72.29 80.19 58.35 73.45 80.34 61.31 75. 31 82.02 63,51 76.12 80. 57 68.30 74.49 79. 31 65.99 43. 08 38. 14 63. 88 80. 48 ; 66. 70 ', 80. 91 79. 07 64. 36 82. 76 80. 99 67.75 83.68 77. 05 65., 82 82. 81 72.24 61.60 78.40 65.06 65.48 71.93 64.08 56. 31 72. 15 53.23 47.37 65.84 57.47 50.04 68.09 57.23 48. 84 66.23 58. 25 49.51 69.61 49.42 43.42 66. 11 09. 09 97,68 ; 97. 73 97.70 95, 14 92. 70 84. 35 83.73 75.29 76.95 75.30 79.28 73.23 46.54 34.33 99.63 50. 13 102. 24 46. 37 27. 30 1 75.2 1 82. 54 99. 7 ! 100. 78 i l 0 6 . 84 41. 71 81.01 i ' Revised. 78. 51 99.4 80.34 99. 4 70.. 78 98. 5 64. 11 95.6 56.49 89.4 53. 02 89.0 39.11 81.6 46.54 81.0 47.52 80.4 106. 30 83. 84 i 106. 09 72. 32 106., 04 71. 02 103. 76 53.98 100. 37 , 56.10 i 100. 86 50. 20 98.23 45.61 96.01 49. 63 99.16 51.45 d =deficit. 33 SURVEY OF CURRENT BUSINESS July, 1932 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 1931 May May June July August e October January! Fe March April 252 712 51, 281 252 354 68,916 ^u- FINANCE—Continued SECURITY MARKETS— Continued Bonds— Continued Sales on New York Stock Exchange: Total thous. of dolls, par value . Liberty-Treas.. -thous. of dolls, par value.. Value, issues listed on N. Y. S. E.: Par all issues mills, of dolls Domestic issues mills, of dolls _ Foreign issues mills of dolls Market value, all issues mills, of dolls Domestic issues . . . . -mills, of dolls. _ Foreign issues mills, of dolls ._ Yields: Domestic (Standard Statistics) (60) .per cent.. Industrials (15) _ . per cent.. Municipals (15) per cent.. Public utilities (15) ... ...percent.. Railroads (15) . per cent-Domestic, municipals (Bond Buyer) (20) ..per cent-Domestic, U. S. Government — Treasury bonds (3 long term) per cent-Treasury notes and certificates (3-6 months) _per cent-- 235 687 14, 431 267 752 15, 167 227 899 8,284 199 710 8,675 193 307 886 857 504 352 50 849 31 742 19 106 47 630 30 117 17, 513 51 846 32 744 19 102 49 133 31, 389 17, 744 51 939 32 746 19 192 48 376 31 269 17, 107 51 950 32* 762 19 188 47 319 30 714 16 605 6.41 8 35 5.06 5.65 6.57 4.43 5 24 3.75 4.44 4.27 4.45 5 25 3.76 4.46 4.32 4.44 5 13 3.88 4.42 4.32 4 94 3.74 3.84 3.77 3.31 3.30 31 88 Total (Journal of Commerce) ...thous. of dolls.. 493, 800 Dividend payments thous. of dolls.. 224 800 Industrial and miscellaneous thous. of dolls 169 000 Railroads, steam thous. of dolls. _ 21 700 Railways, street _ thous. of dolls.. 6* 100 Interest payments thous. of dolls _ 269 000 Dividend payments (N.Y. Times). thous. dolls- 271, 120 Industrial and miscellaneous thous. dolls.. 257, 574 Railroad thous. dolls. _ 13 546 Dividend payments and rates (Moody' s): Dividend payments, annual payments at current rate (600 companies) .—mill, dolls- 1, 367. 1 Number of shares adjusted .millions.. 924 f 8 Dividend rate per share, weighted average (600) ... .dollars. _ 1 48 Banks (21) ....dollars5.43 Industrials (492) dollars. . 1 09 Insurance (21) dollars.. 2.77 2 os Public utilities (30) dollars.. Railroads (36) dollars.. 1 37 258 441 86, 816 52 33 18 36 24 12 346 979 56, 157 236 617 37, 389 337 826 61, 046 286 527 67, 676 217 385 54, 794 671 551 121 031 640 392 52 599 33 500 19 100 41 703 28 852 12, 850 52 547 33 451 19 097 39* 512 28* 141 11,371 52 360 33 409 18 951 37 848 26, 791 11, 058 52 242 33 329 18 913 38 372 26 777 11, 595 52 245 33 306 18 939 39 347 27 319 12, 028 4.50 5 26 3.88 4.40 4.47 4.70 5 64 4.00 4.50 4.66 5.16 6 21 4.51 4.77 5.14 5.19 6 08 4.62 4.89 5.17 5.81 7.24 4.86 5.29 5.86 5.86 7.11 5.28 5.36 5.70 5.91 2 6 98 5.40 5.49 5.78 5.70 2 g 79 5.09 5.30 5.60 3.86 3.85 4.06 4.34 4.45 4.87 4.94 4.96 4 73 07 3.32 3.34 3.42 3.71 3.69 3.92 4.27 4.11 3.92 3.74 .55 .41 .42 .45 1.70 1.77 2.41 2.48 2.42 2 25 1 11 2556, 124 2228 000 762, 077 345, 700 945, 976 386 900 489, 858 244, 700 532, 840 232 500 747, 157 288 400 557, 742 251, 000 670, 951 231, 100 997, 938 403, 100 443, 200 195, 900 494, 269 214 700 654, 200 226 700 212 500 2 31' 500 2 7 000 268 124 451, 702 407, 694 44 008 236 900 <M 000 6 800 416 377 309, 518 330, 688 68 830 367 000 41 500 11*400 559 076 212,819 199, 836 12 984 169 700 33* 500 6 000 245 158 380, 793 348, 437 32 355 174 000 26* 500 6 000 300 340 286, 265 266, 372 19 894 225 000 36' 000 8,500 458 757 232, 255 206, 070 26 185 183 000 32 450 10, 550 306 742 371, 135 343, 006 28 128 179 500 28, 800 10, 800 439 851 284, 499 249, 075 36 424 300 000 42' 500 1 1, 600 594 838 202, 300 181, 637 20 663 143 000 29 000 7,900 247 300 366, 996 337, 527 29, 469 158 800 30* 500 4 900 279 569 250, 405 239, 461 10 944 164 500 28 200 7 500 427 500 161,770 154, 515 7 255 2, 201 . 4 911 69 2, 148. 6 911 88 2, 105. 4 912 11 2, 077. 4 920 56 2, 010. 6 920 69 1, 935. 0 922 59 1, 888. 5 922 59 1, 807. 1 923. 36 1, 744. 2 922 50 1, 621. 4 922. 57 1, 545. 0 922 76 1, 476. 6 924 54 2 41 6.20 1 92 3 53 2 98 5 09 2 35 6.14 1 87 3.49 3 00 4.83 2 31 6.14 1 81 3.38 3 00 4 75 2 25 6.11 1 75 3.38 2 99 4 75 2 18 6.11 1 70 3.35 2 95 4 23 2 09 6.11 1 64 3.08 2 87 3.91 2 04 6.11 1 60 3.08 2 87 3 64 1.96 6.31 1.55 3.00 2.84 2.79 1 89 6.31 1 48 2.95 2 83 2.64 1.76 6.17 1 33 2.95 2 80 2.36 1 67 5.43 1 27 2.89 2 76 2 21 1 60 5.43 1 22 2.77 2 69 1.68 142 9 57 5 81 0 129. 82 193.75 65 89 98 0 89 4 156 4 76 8 138 4 56 0 78 2 133. 33 198. 56 68 09 95 1 86 5 153 0 74 0 143 5 58 2 79 9 129. 36 193. 83 64 88 98 2 89 8 157 5 138 8 66 9 70 1 124. 32 190. 59 57 87 95 5 88 5 154 0 66 2 118 8 47.9 58 6 101. 62 156. 80 46 44 81 7 75 8 131 9 56 1 101 8 40.3 53 2 95.69 146. 65 44 72 69 7 64 8 111 9 48 4 104 0 40 0 48 6 90.40 142. 97 37 82 71 7 67 5 114 7 46 0 81.2 33.3 35 8 74.20 119.96 28 44 57.7 54.3 95 6 33.0 79.4 32.2 37 9 73.80 116. 92 30 68 58 0 54.4 94 4 36.6 80.0 32.7 36 8 74.10 118. 92 29 28 56.5 52.9 92 8 34.2 81 5 29 3 34 5 70.78 115.42 26 14 56 8 53 8 93 4 32 1 62 7 25.3 23 6 52.85 87.88 17 81 43 9 41.7 73 3 22.2 110 8 102 2 46, 661 109 2 98 8 58, 719 111 0 105 4 33 540 104 2 102 5 24 890 88.2 86 4 51 140 78 8 72 2 47, 895 82.2 75 0 37, 369 60.6 54 9 50, 190 63.8 46 9 34, 342 64.1 48 1 31,719 67 1 51 9 33 061 54. 3 39 5 31 403 42, 534 1,306 47, 417 1,303 44, 423 1,303 44, 587 1,314 32, 327 1,317 34, 247 1,319 31, 105 1,319 26, 694 1,319 26, 378 1,319 27, 586 1,320 24, 502 1,314 20, 319 1,325 5.95 6.23 4 42 7.91 5.96 6.26 4 47 7.76 5.66 5.89 4 33 7.54 5.74 5.94 4 36 8.15 6.51 6.63 5 11 9.59 7.28 7.49 5.74 10.07 7.06 7.32 5.50 9.79 8.66 9.04 6.60 12.70 8.22 8.89 6.37 9.01 8.04 8.81 6.06 8.60 7.16 7.53 5 74 9.15 9.13 9.52 7 34 12.74 5. 63 25.59 25.56 25.78 * 6. 86 »6.89 26.78 7.43 305 816 38, 493 52 33 19 43 29 13 52 33 18 39 26 12 277 343 934 794 863 931 52 33 18 38 2Q 12 218 329 890 897 431 465 6.00 7 33 5.02 5.50 6.16 Cash Dividend and Interest Payments and Rates Stocks Prices: Dow-Jones— Industrials (30) dolls, per share _ 53 3 Public utilities (20) dolls, per share. _ 22 4 Railroads (20) dolls, per share . 18 3 New York Times (50) dolls, per share.. 46. 06 Industrials (25) .dolls, per share.. 77.96 Railroads (25) dolls per share 14 16 Standard Statistics (421) 1926=100 39 8 Industrials (351) 1926=100 _ 38 1 Public utilities (37) 1926=100 67 8 Railroads (33) 1926=100 17 4 Standard StatisticsBanks, N. Y (20) 1926 = 100 46 6 Fire Insurance (20) 1926=100 28 3 Sales, N Y. S. E thous. of shares 23 151 Value, and shares listed, N. Y. S. E. — Market value all listed shares mill, dolls.. 16, 141 Number of shares listed. millions.. 1,320 Yields: Common, Standard Statistics (90).per cent.. 9.57 Industrials (50) per cent-- 10.02 Public utilities (20) per cent-8 08 Railroads (20) per cent.. 11.86 Preferred, Standard StatisticsIndustrials, high grade (20) .per cent.. 7.75 Stock holders (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 per cent of total-. 2 Revised. -- 25.57 2 602, 057 6, 735 244 025 3,291 156, 238 2,520 14.37 612 755 6,870 244 675 3,284 169, 017 2 701 13. 16 2 6. 25 2 6.22 8 6.74 642, 427 6,947 248, 777 3,268 179, 572 2 803 13.29 667 238 7 047 251 591 3 267 187, 409 2 924 11 97 34 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 1931 1932 May July, 1932 May June July August De c e m h 0 r -I - October i January uti F ^™diy M a r c h ! April FOREIGN TRADE INDEXES Value: Exports, unadjusted 1923-1925=100 Exports, adjusted forseasonal_1923-1925=100._ Imports, unadjusted 1923-1925 = 100 Imports, adjusted forseasonal-1923-1925=100._ Quantity, exports: Total agricultural products. .1910-1914= 100.. Total, excluding cotton 1910-1914= 100._ i 48 54 ! 54 1 43 48 54 51 48 ; 47 52 54 45 53 56 44 52 51 44 46 46 }?48 63 ; 97 ; 53 83 86 92 139 127 137 114 143 106 164, 808 180, 228 204, 905 193, 540 184, 070 6, 162 5,070 34, 66C i 28, 996 10, 885 8, 357 79, 977 1 74, 567 7,392 8, 106 8,286 7, 873 3,239 3, 757 32, 564 27, 815 33, 572 31, 167 32, 677 30, 579 14, 446 13, 161 3,402 3,088 12,945 10, 770 4,706 4,420 2,316 1, 660 838 1,557 4, 140 34, 548 12, 370 90, 361 7,726 12, 837 3,986 34, 589 28, 471 27, 797 12, 266 2,856 10, 230 3, 658 1,996 700 5,376 37, 221 13,131 111, 983 8,802 17, 352 6, 158 50, 559 27, 279 26, 621 12, 793 2 878 10, 252 3,435 2,489 983 3,598 41, 227 14, 249 100, 826 8,681 15, 694 4,108 46, 280 26, 155 25, 760 12, 395 2,902 9,354 2,701 2,626 974 4,317 43, 660 18, 445 92, 242 8,279 14, 587 7,076 36, 699 20, 101 19, 777 13, 158 3,120 10, 100 3,130 2,717 895 28, 056 9,981 177, 382 44 390 23.5 28, 415 10, 290 201, 390 63 624 39.8 39, 316 13, 967 190, 339 68, 077 43.6 34, 473 13, 754 180, 801 68 407 47.3 27, 068 9,404 18, 306 7.6 6.8 11.6 18, 075 8.0 6.4 18, 125 9.2 6.3 6.7 20, 706 11.6 6.0 7.0 25, 347 16.2 7.1 27 451 i 27 948 97, 625 i 88,396 12.8 11.5 7.2 9.0 22.7 28.3 173, 455 174, 460 23 868 84, 069 10.7 8.8 20.4 166, 679 21, 389 83, 189 8.7 7.2 24.7 170, 384 21 184 77, 269 8.5 7.2 20.2 168, 708 35 37 35 34 54 57 56 55 49 55 54 57 74 75 66 89 58 86 132, 292 203, 970 187, 077 6,129 33, 420 11,201 89, 576 10, 121 13, 153 3,867 34, 238 42, 432 41, 664 17, 149 4,911 15, 286 5,583 2, 555 1,930 4,648 30, 277 8,798 88, 149 8,688 10, 819 3,622 30, 915 35, 824 35, 030 15, 423 4,340 12, 869 4,295 1,735 1,775 128, 946 29 849 17 7 182, 797 29 070 13.5 28, 650 11, 119 177, 025 28 376 13.5 32, 305 13, 999 161, 494 25 500 20 014 8 613 199, 225 36 484 18.9 29, 414 10 546 11,401 4.5 4 5 5 5 18.868 26.6 7 8 2 7. 5 17,531 5.7 7. 1 8.8 18 598 60, 485 7 9 9.9 11 3 112,274 29 891 103, 436 2 14. 3 12.5 2 26. 5 179, 694 59 40 i 39 ! 42 42 41 45 41 41 4"! 41 41 37 36 38 39 36 111 81 117 85 111 79 SO SI 149, 978 153, 936 155, 254 135, 236 2 717 39 408 20 742 74 038 8 800 11 004 4 027 33' 306 20, 551 20, 247 9,791 2 554 7 419 2 207 2, 275 552 3 734 35 746 16 582 70 413 10 451 13 388 3 673 23 383 2." 328 24, 993 11 410 2 Q14 S 62° 3 063 2. 439 3^0 2 %8 24 067 7.873 63 033 8. 854 10.293 4 275 21,264 24,724 24. 325 11.918 3 082 8 535 2.842 2,511 338 146,912 49 735 36.0 23, 657 8, 193 150, 997 52 581 37 3 22 758 8 494 151,769 50 409 36 5 21 793 8 510 132, 40S 34 023 20 7 21 001 9 ~c'0 8.5 17, 673 6.6 7.3 7.6 15,464 7.4 6.1 5.3 14, 264 7.0 6 0 51 13,213 5. 9 47 =^4 11.211 4. 0 42 76 20 797 67, 005 5.5 8.3 15.7 149, 480 20 633 64, 683 7.9 5.9 17.7 153, 773 18 822 54, 698 6.8 7.6 11.4 135, 530 18 331 57 327 7 4 7.0 13 8 130, 978 18 29^ 61,343 'q 3 6.3 13 *> 131, 292 1^ &02 5S,4&3 78 8.3 12 2 126. 676 VALUE 1 Exports, incl. reexports thous. of dolls.. By grand divisions and countriesAfrica thous. of dolls Asia and Oceania _ thous. of dolls . Japan thous. of dolls.. Europe thous. of dolls France thous. of dolls. . Germany thous. of dolls. . Italy.. thous. of dolls.. United Kingdom thous. of dolls.. North America, northern. .thous. of dolls.. Canada _ thous. of dolls_. North America, southern_.thous. of dolls.. Mexico thous. of dolls South America . thous. of dolls . Argentina thous. of dolls.. Brazil thous. of dolls.. Chile thous. of dolls By economic classesExports, domestic thous. of dolls.. Crude materials thous. of dolls Raw cotton mills, of dolls Foodstuffs, total thous. of dolls . Foodstuffs, crude thous. of dolls Foodstuffs, manufactured thous. of dolls.. Fruits and preparations-mills, of dolls.. Meats and fats mills, of dolls Wheat and flour mills, of dolls.. Manufactures, semi-finished thous. of dolls Manufactures, finished. -thous. of dolls.. Autos and parts . _ mills, of dolls.. Gasoline mills, of dolls.. Machinery ._ mills, of dolls Imports, total thous. ofdolls.. By grand divisions and countries— Africa thous. of dolls.. Asia and Oceania thous. of dolls.. Japan thous. of dolls.. Europe thous. of dolls.. France. thous. of dolls.. Germany... thous. of dolls.. Italy thous. of dolls.. United Kingdom thous. of dolls.. North America, northern.. thous. of dolls.. Canada thous. of dolls.. North America, southern.. thous. of dolls.. Mexico.. ..thous. of dolls.. South America thous. of dolls.. Argentina thous. of dolls Brazil thous. of dolls.. Chile thous. of dolls By economic classesCrude materials thous. of dolls.. Foodstuffs crude thous of dolls Foodstuffs, manufactured.thous. of dolls.. Manufactures, semifinishedthous. of dolls.. Manufactures, finished thous. of dolls.. 28, 386 20 596 16, 563 17, 238 29, 492 180,772 9.9 8.8 3, 140 i 38, 667 16,945 71, 082 9,340 12, 058 4,487 28, 606 18, 923 18, 572 10,813 2,829 7,276 2,025 2,014 339 4,337 49, 964 15, 580 51, 841 6,143 9,512 4,627 12, 354 25, 297 24, 110 19, 880 5,234 28, 844 3,215 11, 188 2, 912 2,773 52, 757 14, 988 47, 480 5,516 8,937 4,269 11, 000 23, 873 22, 854 20, 582 4,640 26,068 2,645 8,805 3,336 2,384 48, 772 16, 057 51,359 5,459 11, 734 4,138 10, 951 23, 874 22, 341 23, 953 3,409 24, 133 3,042 8,897 1,765 2,400 45, 581 16, 052 50, 776 6, 551 11, 373 4, 351 11, 509 21, 378 20, 529 23, 968 2,560 22, 567 3,595 7,770 2,057 3,096 42, 494 17, 256 60, 788 7,799 12, 203 5,635 13, 379 22, 956 21, 928 18, 652 2,665 22, 380 4,753 6,909 3,721 1,697 48, 413 19, 474 56, 302 8,971 12, 071 5,648 11,278 22, 815 21, 281 17, 793 3,110 21, 687 3,309 7, 616 2,818 2,141 44, 366 20, 408 49, 306 6,415 8,274 6,519 8,547 21, 113 20, 464 13, 029 2,538 19, 763 2,431 7,300 2,885 1,575 41, 114 18, 803 50, 231 6,722 8,187 6,630 9,237 21, 229 20, 037 14, 613 2,911 24, 179 1,653 10, 180 2,034 2,039 37, 846 14, 150 40, 986 4,080 1 6, 446 5,045 5, 954 17, 354 : 16, 216 i 15, 002 3, 704 21, 976 1 1, 803 1 8, 655 3,647 2,854 33, 553 12, 723 41,720 4 137 8,639 4 007 7,728 14, 658 14,608 16, 646 3,348 21,546 1 885 8, 552 2,093 3 711 35 498 13,163 36 482 4 244 6,504 4 467 7 702 17, 027 16 947 18. 409 4. 214 20,214 1 729 9, 038 1 ?06 2 107 37, 102 11.275 34, 239 3,925 6.497 4, 357 7,332 15, 896 15,729 19, 031 5, 778 18,301 2, 121 6. 223 1.090 54, 159 30 774 18, 850 30, 382 45, 529 52, 438 27 435 19, 744 29, 652 44, 186 49, 977 25 930 21, 120 29, 990 47, 442 47, 692 21 820 23, 540 28, 324 45, 303 52, 948 18 648 16, 483 30, 291 52, 013 52, 378 20 355 16, 469 29, 040 50, 467 47, 816 19, 537 13, 464 27, 422 41, 241 49, 853 22, 809 13, 872 25, 284 41, 069 38, 119 23 436 14, 880 26, 595 32, 491 37,310 22 849 14,911 24, 098 31,810 36,030 351870 17, 483 20, 031 32,789 36,300 19 172 18, 943 IS, S69 33.392 9,470 131 8,459 135 7,701 133 7,935 133 8.225 8.225 745, 280 803, 216 56. 211 59, 970 8.255 766, 176 56. 686 TRANSPORTATION AND COMMUNICATIONS I TRANSPORTATION Express Operations Operating revenue Operating income . . . thous. of dolls thous. of dolls 10 493 107 10, 151 105 9,773 139 9,428 134 8.177 832, 076 63. 718 8.177 789, 885 60. 232 8.206 741, 327 56, 981 8.206 713, 467 55, 835 Electric Street Railways Fares, average (320 cities) Passengers carried Operating revenues 'Revised. cents _ ...thousands.. 739, 796 thous. of dolls.. 9,695 ! 135 9,540 129 9,150 119 i 8.206 8.225 734,422 ! 795,443 55,966 1 59,704 8.225 8.225 724, 195 773, 079 53.428 8.231 747, 930 35 SURVEY OF CURRENT BUSINESS July, 1932 Earlier data, together with explanatory \ footnotes, may be found in the 1932 \ Annual Supplement to the Survey May 1931 May ! Jane July 1932 Decem- January FebruAugust SeptemOctober Novemary ber ber ber j March April TRANSPORTATION AND COMMUNICATIONS—Continued TRANSPORT ATION-Continued Steam Railroads Freight earloadings (F. R. B.): Index, unadjusted __ 1923-1925 = 100__ Coal. __1923-1925 = 100._ Coke 1 923-1925 — 100 Forest products _. 1923- 1925 = 100. . Grain and products 1923-1925=100 Livestock . _ _ . 1923-1925 = 100 Merchandise 1 c 1 1923-1925=100 Ore _ 1923-1925 = 100 Miscellaneous 1923-1925 = 1 00. _ Index, adjusted 1923-1925 = 100 Coal 1923-1925 — 100 Coke 1923-1925 = 100.. Forest products 1923-1925 = 100 Grain and products. 1 923- 1925=1 00. _ Livestock 1923-1925-100 Merchandise, 1. c. 1... 1923-1925 = 100.. Ore 1923-1925 = 100 Miscellaneous 1923-1925=100 Total cars * thousands Coal thousands Coke thousands Forest products thousands Grain and products . thousands Livestock thousands.. Merchandise, 1. c. 1 thousands.. Ore _. thousands Miscellaneous thousands Freight car surplus, total thousands.. Box. _ thousands.. Coal thousands Equipment, mfgrs. (See Trans. Equip.): Financial operations (Class I roads): Dividends paid. (See Finance): Operating revenues thous of dollars Freicht thous of dollars Passenger thous of dollars Operating expenses thous of dollars Net operating income thous. of dollars Operating results (Class I roads): Freight carried 1 mile mills, of tons. _ Receipts per ton mile cents Passengers carried 1 mile millions 53 42 26 26 62 51 74 7 56 54 48 26 24 76 54 ? 4 54 2,088 298 13 117 69 728 10 778 751 381 297 79 67 56 47 80 64 92 45 89 79 76 56 44 97 68 89 30 85 2 2, 959 456 26 132 143 82 870 69 2 1,181 616 306 239 77 63 45 43 78 55 89 77 86 77 73 49 41 90 65 89 43 82 2, 992 443 22 125 140 75 876 119 1, 192 599 306 224 78 64 41 38 120 56 87 92 83 76 73 46 38 100 67 88 51 79 2,931 433 19 106 220 71 830 139 1, 113 564 288 211 76 68 38 38 95 64 86 89 81 72 70 42 36 78 72 86 52 73 3,747 594 23 138 228 106 1,069 175 1,413 574 303 206 78 74 42 37 83 76 88 79 81 69 69 42 35 68 64 85 49 68 2,908 497 19 104 149 96 841 121 1,081 564 293 210 78 83 45 33 82 86 87 50 81 69 72 44 33 74 64 83 36 69 3,813 727 28 123 193 145 1,081 102 1,415 535 290 185 70 72 46 31 80 80 85 16 70 68 65 44 33 76 69 83 23 72 2, 620 486 21 87 145 104 806 25 946 659 341 249 61 70 50 25 62 66 77 10 57 69 65 47 30 63 66 83 40 73 2,273 471 23 71 112 87 742 15 753 751 401 269 58 66 47 25 66 65 757 54 64 58 43 28 69 62 81 31 67 2,270 461 23 73 124 88 747 12 742 742 381 283 59 66 52 27 74 57 75 7 53 62 61 45 27 78 60 78 29 62 2, 245 460 25 77 137 76 732 11 728 722 367 278 58 67 48 27 62 49 75 7 54 61 71 48 27 72 56 75 28 57 2,287 485 24 80 116 66 749 11 750 705 364 265 57 52 31 27 66 56 75 9 57 59 62 32 26 86 61 73 18 56 2 773 461 19 99 154 193 931 17 998 728 294 363 369, 020 283, 161 46, 981 288, 067 41, 264 369,810 281, 261 50, 957 280, 145 50, 163 377, 146 290, 348 50, 272 280, 127 56, 535 364, 525 280, 103 49, 183 269, 463 55, 859 350, 335 270, 239 44, 757 258, 223 55, 319 363, 206 289, 193 38, 202 261,247 64, 020 305, 385 238, 459 35, 904 238, 507 36, 580 288, 631 214, 443 40, 577 241,439 21, 263 275, 371 208, 492 38, 024 229, 548 11,714 267, 272 205, 366 33, 882 211, 109 22, 043 290, 029 225, 031 34, 398 222, 482 32, 289 267,817 207, 969 31,008 211,631 20, 624 30, 014 1.054 1,870 28, 258 1.090 2,034 30, 276 1.051 2,116 29, 348 1.041 2,077 27, 847 1.049 1,900 30, 588 1.046 1, 541 25, 086 1.035 1,468 22, 663 1.037 1,641 22, 853 1.017 1,506 21,732 1.047 1,401 23, 580 1, 061 1, 407 21, 255 203, 230 385 1,759 828 919, 649 6, 645 2,027 1,015,469 211, 172 506 1,867 820 716, 991 7,613 1,963 871,513 186, 414 425 1,789 859 714, 370 8,385 1,860 972, 976 197, 997 587 1,755 884 710, 753 7,126 1,813 968, 763 221, 308 505 1,763 930 794, 975 6,248 2,019 850, 582 209, 864 510 1, 578 676 663, 636 3,049 1,964 954, 773 221, 673 0 1,649 744 31, 756 284 2,075 103, 954 178, 121 0 1,594 652 0 0 2,136 0 168, 189 0 1,645 628 0 0 1,766 0 190, 484 0 1,644 726 0 0 2,043 0 233, 186 250 1 444 620 278, 926 369 2, 045 464, 668 143, 627 86, 016 1,257 736, 187 237, 024 104, 300 1,331 849, 277 294, 720 104, 266 1,042 661,514 246, 551 106, 931 962 635, 571 213, 562 104, 873 1,135 603, 544 156, 642 86, 346 998 548, 640 119,972 168, 021 891 463, 164 46, 740 130, 807 780 338, 716 43, 845 112, 558 723 319, 266 71,615 113, 600 794 298, 394 172, 472 2 98 789 850 445, 731 6,543 4,302 2,241 7,536 4,794 2,742 7,463 4,729 2,734 6,837 4, 359 2,478 6,461 4,041 2,420 5,605 3,309 2,296 4,866 3,137 1,729 4,910 3,129 1,781 4,932 3,157 1,774 5,240 3,184 2,056 5,313 3 277 2 036 3.50 61 3.58 56 3.55 54 3.64 54 3.55 58 3.51 60 3.56 56 3.39 52 3.38 60 3.46 56 3.27 52 3.28 53 22, 518 23, 242 5,616 3,799 28, 513 25, 588 29, 579 5,893 3,534 27, 689 30, 944 46, 961 7,428 3, 174 17, 667 59, 372 65, 895 9,541 4,090 10, 749 62, 581 42, 247 8,733 5,017 8,812 32, 427 35, 016 10, 857 3,913 7,345 16, 823 23, 224 11,318 2,899 6,622 16, 932 24, 351 10, 727 2,642 5,513 17, 158 25, 016 8,550 2, 220 6,442 19,829 22, 920 6,188 1,984 6,475 22, 012 24, 718 6,239 2,103 10, 694 23, 261 19 980 6,746 2 469 18, 745 165, 683 41, 133 327, 604 81, 856 577, 284 140, 164 600, 033 146, 611 211,581 51,914 79, 700 18, 867 41, 723 7,514 38, 145 6,909 54, 167 9,617 45, 486 8,204 46, 120 7,951 61,443 12,026 1,900 5,055 2,051 5,470 2,023 5,413 2,091 5,564 1,969 5,409 1,674 4,499 1,526 4,238 1,677 4,852 1,643 4,530 1, 424 4,039 1,404 3,806 1,286 3,621 98, 381 64 513 26, 059 65, 757 23 721 17, 166 97, 507 53, 925 25, 763 65, 088 23, 628 17,094 96, 298 62, 398 26, 077 66, 034 21, 624 17, 018 94, 566 61, 260 25, 401 64, 102 22, 025 16, 977 94, 665 62, 263 24, 928 63, 099 23, 146 16, 992 96, 704 64, 154 24, 926 64, 997 23,209 16, 941 93, 275 62 851 22, 761 64, 075 20 887 16, 929 95, 272 63 826 23, 682 67, 322 20 036 16, 887 91,811 62, 730 21, 507 63, 806 19, 151 16,783 89,039 61, 248 20, 361 61, 645 18 490 16, 693 91, 683 62, 300 22, 038 61, 598 20 967 16, 640 89,815 61, 488 20, 950 60, 167 20, 587 16, 525 11, 744 9,133 10, 047 1 426 11, 875 9,212 10, 140 1,737 11,370 8,774 10, 534 461 10, 825 8,359 10, 060 387 11,012 8,441 10, 067 567 10, 859 8,243 9,531 951 9,660 7,387 8,564 722 10, 849 8,298 9,490 994 9,181 7,058 8,469 326 8,894 6,771 8,040 469 9 955 7,573 6,605 961 8 947 6,861 8,114 443 2 Revised. Waterway Traffic Canals: Cape Cod. .. short tons.. 212, 887 216, 559 415 457 New York State _. thous. of short tons.. 1,925 Panama, total thous of long tons 937 U. S. vessels thous of long tons 884, 380 1,165,791 St. Lawrence short tons 1,568 4,335 Sault Ste Marie thous of short tons 2,403 Suez thous. of met. tons.. Welland. . short tons 1, "036,879" 1,165,853 Rivers: 144, 873 169, 760 Allegheny _ _ short tons 110, 000 99, 901 Mississippi (Govt barges) short tons 654 1, 508 Monongahela thous. of short tons.. Ohio (Pitts, to Wheeling) short tons- 438, 244 685, 526 Ocean traffic: Clearances, vessels in foreign trade 5,619 _ _. thous. of net tons. 6,539 3,403 4,014 Foreign thous of net tons 2,217 2,525 United States thous. of net tons Shipbuilding. (See Trans. Equip.) Vessel losses. (See Trans. Equip.) Travel Hotel business: 3.12 Average sale per occupied room dollars.. 53 Rooms occupied per cent of total-Foreign travel: Arrivals, U. S. citizens number.. Departure, XI S citizens number Emigrants. number Immigrants number Passports issued. number.. 30, 442 National parks: 137, 236 Visitors number Automobiles. _ _. number . 33, 578 Pullman Co.: Passengers carried thousands. . Revenues, total -thous. of dolls.. COMMUNICATIONS Telephones (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 * Data for April, August, and October, 1931, and April, 1932, are for 5 weeks; other months 4 weeks. SURVEY OF CURRENT BUSINESS 36 1932 Earlier data, together with explanatory | footnotes, may be found in the 1932 \ May Annual Supplement to the Survey July, 1932 1931 June May 1933 Decem- January August Se^" October November ber July February March April CHEMICALS AND ALLIED PRODUCTS CHEMICALS Alcohol: Denatured— Consumption (disposed of) „ thous. of wine gals. Production _.thous. of wine gals Stocks, end of month, .thous. of wine gals, EthylProduction-,. -__thous. of proof gals Stocks, warehoused, end of month ___ .thous. of proof gals Withdrawn for denaturing thous. of proof gals._L Methanol, wood distilled— Crude— j Production.._ _ gallons..! 245,935 Stocks, total gallons..,1 561,347 At crude plants gallons._i 230,644 At refineries and in transit gallons.. 330,703 RefinedExports gallons.. 44, 378 Price, wholesale, N. Y dolls, per gal—| .37 Production gallons.. 72, 267 Shipments gallons.. 76,404 Stocks, end of month gallons.. 319,949 Methanol, syntheticProduction gallons.. 742,826 Shipments .gallons.. 349,034 ___,.__ Stocks, end of month..gallons.. 2,727,442 Explosives: j Orders, new thous. of Ibs.J ,_. Production thous. of Ibs.J Shipments thous. of Ibs. Stocks, end of month thous. of Ibs. Sulphur and sulphuric acid: Sulphur, production (quarterly)..long tons I Sulphuric acid (104 plants)— Consumed in prod, of fertilizer. short tons Price, wholesale 66°, at works ._ _ dolls, per short ton— 15.50 Production.. short tons..| _. Purchases — From fertilizer mfgrs short tons.. From others short tons.. Shipments— To fertilizer mfgrs ....short tons.. To others— short tons.. 5,976 5,954 3,543 6, 517 i 6,195 | 3, 283 | 6,157 5,962 3, 036 6,320 I 6, 636 j 3,331 6,436 6,922 3,807 9,610 9,147 3,330 10,153 9,476 2,642 12, 430 11,413 1,629 5,034 5,225 1,823 3,801 ! 3,965 j 1,987 I 3,960 4,089 1,640 5,025 : 4,555 1,517 ! 13,111 | 11,975 12, 363 12, 952 16, 037 14, 084 14, 002 13, 224 14,711 ! 16,171 | 14,888 i ! 10,288 ! 10,491 ! 10,438 17, 024 15, 885 15,130 12, 690 5,870 9,153 12,574 14,026: 16,215 11, 637 13, 076 15,564 15,515 19, 350 8,574 6,265 7,335 6,700 113, 892 133, 507 183,851 541,307 485, 094 583,975 395,907 378, 991 466, 975 145, 400 106,103 117,000 206,416 529,425 410, 439 118,986 219,238 | 206,739 I 521, 660 I 525,866 390,425 ! 294,375 131,235 | 231,491 i 230,324 429,718 313,985 115,733 j 295, 359 ' 290,142 ! 473,466 i 543,418 I 329,384 ; 395,533 i 144,082 147,885 37,473 .35 87, 486 89, 704 238,095 54,535 I .35 ! 141,873 i 154, 262 ! 225, 706 i 36,053 i .35 I 148,731 102,452 ! 271,985 i 39, 434 .37 119, 620 125,361 266, 244 i 97, 940 : 27, 976 .37 ' .37 ! 103, 279 112,967 ! 2 76,401 59, 773 12 284,782 337, 976 13,120 247,808 624,399 494,192 130,207 ! | i i 52,048 .35 118, 052 257,707 429, 595 I 59,950 61, 240 42, 300 30,455 .35 ; ..35 .35 .35 i 56, 519 I 107,331 ! 91, 696 65,311 110,454 122,846 129,822 98, 431 I 426,472 I 395, 322 330,811 288, 899 182, 273 624, 543 526,543 98,000 154,473 609, 583 i 452,489 ! 157,094 80, 065 .35 56,474 105, 060 240,313 ; 10,137 10, 340 | 9, 526 784,108 i 654,472 437,805 315, 940 663, 216 510, 432 i 364,118 327,556 i 585,880 546,086 ! 514,119 501,759 344.229 ! 429,361 i 283, 866 ! 414, 975 1 699,380 1,187,529 599,061 464,315 i 386,883 473,993 ! 425,596 406,329 1,683,555 I 2,908,666 ; 3,062,605 2,963,570 ;2,927,406 12,250,309 ,2,015,366 [,878,607 12,077,604 2,149,697 '2,238,220 2, 333, 650 26,441 26,960 I 27,379 i 21,115 i 26,719 !! 25,981 26,611 i 20,404 j 25, 058 25, 068 25,150 20, 304 2n, 437 24, 548 24, 867 19, 956 105,356 ! 97,981 ! 94,218 94, 860 608,730 15.50 105,25d 25,803 ! 26, 598 27, 403 17, 888 22, 657 24, 509 24, 035 IS, 264 26, 970 25, 282 25, 610 18,151 539,231 18, 648 18, 595 18, 087 18,712 I I 332,038 15. 50 i 15. 50 99,654 I 108,782 12,988 ! 18, 802 9,655 i 14, 553 18,665 ! 14,644 14,119 | 15,906 8,512 31,773 10, 699 32,199 74 ! 25 | 40 91 94 89, 194 ! 89, 409 115,207 127, 953 94, 416 7, 682 7,690 ! 7,078 7,554 ! 13,452 79,472 ! 80, 670 105, 717 115,621 i 75,114 106 i 497 383 915 ! 300 59,970 | 97, 358 127, 599 146, 700 ' 120, 822 37, 998 |24, 730 47, 935 70, 022 61, 904 29,711 i 18, 809 35, 367 48, 590 33, 968 3,339 i 3,768 9, 858 6, 175 i 3, 331 14, 650 67, 958 65, 043 66, 440 i 50, 071 15. 50 j 15.50 110,599 | 102, 632 26,565 I 25,176 ! 14, 709 14,601 ! 18,876 | 23, 006 13,412 15, 967 14,134 ! 16,771 I 10,799 ! 13, 355 35,160 j 30,310 ! 33,134 30, 279 17,655 18, 064 17,488 18,530 I ! i I 17,965 17, 092 17,154 , 18,362 i 17,814 16,804 17, 795 17, 587 I 250,910 j__ 78,615 | 99,871 ! 95,681 '8, 606 I 95, 478 15.50 106, 751 15. 50 ! 15. 50 90, 772 i 92, 895 19, 095 18,175 1(5,148 18, 025 15. 50 117,613 i 2 65, 249 i 50, 557 15. 50 i 15. 50 104,573 ! 2 87, 816 15.50 59, 090 8,795 5,591 7, 670 2 ia? 145 6,850 13, 867 19, 591 28,311 21, 597 27,850 19,133 i 21,817 29, 208 j 25, 657 ' 26,732 22,492 15, 267 23, 214 66 81, 703 3,284 76, 785 67 77, 849 52, 837 29, 871 5, 577 12, 872 67 80, 469 11,877 59, 213 200 70, 754 51, 670 17, 029 3, 884 11, 998 868 71, 614 11,063 59, 542 ' 149 61.433 42, 397 2,675 5,458 10, 501 1. 770 1. 770 15,865 ' 14,554 > FERTILIZERS Consumption, Southern States ... ...thous. of short tons.. Exports, total long tons.. Nitrogenous long tons.. Phosphate materials long tons.. Prepared fertilizers long tons.. Imports, total long tons.. Nitrogenous long tons.. Nitrate of soda long tons.. Phosphates long tons.. Potash ....long tons.. Price, nitrate of soda, 95 per cent, N. Y. ..dolls, per cwt__ Superphosphate, bulk: Production ..short tons.. Shipments to consumers short tons.. Stocks, end of month ..short tons.. NAVAL STORES Pine oil: Production _..gallons,. Stocks, end of month gallons,. Rosin, gum: Price, wholesale "B," N. Y-.dolls, per bbL. Receipts, net, 3 ports bbls. (500 Ibs.)._ Stocks, 3 ports, end of month bbls. (500Ibs.).. Rosin, wood: Production bbls. (500 Ibs.)._ Stocks, end of month bbls. (500 Ibs.).. Turpentine, gum: Price, wholesale, N. Y dolls, per gal.. Receipts, net, 3 ports.. bbls. (50 gals.).. Stocks, 3 ports, end of month bbls. (50 gals.).. Turpentine, wood: Production bbls. (50 gals.).. Stocks, end of month bbls. (50 gals.).. OILS, FATS, AND ANIMAL BY-PRODUCTS 195 107, 918 6,637 91, 049 734 72, 159 46, 602 34, 006 4, 832 17, 706 2.050 224, 266 2 78,419 891,149 201, 628 1.770 146, 881 254, 761 898, 432 2.050 2.050 2. 050 1. 770 3.61 93, 980 3.30 28, 614 3.23 29, 539 3.44 31, 705 3.20 64, 070 497, 438 486, 863 426, 508 383, 354 347, 591 337, 221 21, 440 93, 142 23, 242 92, 258 23, 196 94, 331 20, 006 91, 762 26, 187 90, 540 26, 443 88, 479 .36 30, 849 .40 23, 147 .39 19, 844 .40 5,234 .39 3,808 .45 6,190 .45 17, 018 115, 178 120, 953 119, 388 112,311 101, 081 86, 679 73, 640 68, 947 3,797 4,817 3,922 5, 231 3,547 5,143 3,733 6,002 3,626 6,392 3,121 6,132 4,329 5,835 4,415 5,636 3.80 101, 157 350,472 351, 548 436, 480 439, 241 449, 173 459, 588 465, 466 17, 074 112, 295 25, 058 108, 350 26, 102 101, 537 .39 .36 53,459 1 37,112 .37 28, 995 101,905 i 122, 214 \ 114, 421 4.70 120, 819 4.68 165, 500 33, 593 34, 747 124, 830 126, 289 .54 37, 026 73, 896 5,151 5, 267 1. 770 210, 012 231, 207 210, 711 114, 205 172, 539 176, 973 140, 690 169, 695 162, 330 130, 046 162, 253 161,121 :, 958,237 2,012,847 2,000,497 1,866,368 1,845,125 1,859,713 1,828,913 1,814,948 1,789,303 1,723,947 1,736,534 1, 750, 720 3.87 116, 630 5,996 4,727 .55 52, 345 5,675 4,535 28, 495 131, 942 4, 370 5, 307 i | Animal fats and by-products (quarterly): | Animal fats— j Consumption, factory thous. of lbs..|_. Production thous. of Ibs.J Stocks, end of quarter thous. of Ibs.J Animal glues— | Production .thous. of Ibs.J Stocks, end of quarter thous. of Ibs..!... * Revised. 1. 770 2. 050 3.94 129, 018 30, 597 92, 695 1.770 644 ". 75. 732 3, 243 71, 862 81 100.136! 40 060 54 14, 236 41, 834 178,072 ! 2195, 589 3210, 289 J173,271 1 187,638 179, 405 230, 684 215, 019 203, 676 2 170,450 2 20,987 j 20, 599 14, 261 87, 614 2 59, 431 » 11, 662 213,628 2 18, 179 243,217 2 130,743 1,033,036 1,120,819 1,153,800 j'1,205,130 1,272,731 1,313,522 1,341,512 1,307,310 1,187,818 4.28 156, 810 3.04 91, 527 172 1 365 79, 242 98, 264 19, 600 32, 114 58, 200 65, 262 22 133 89,070 84,160 63, 041 40, 132 30, 114 8,404 5,517 5, 355 16, 268 35, 729 2, 607 5, 358 3.96 95, 642 ; ! i 166,069 !. 559, 588i>---| _. -- 176, 221 491, 837 230, 999 20, 847 61,848 1 | i 173, 389 576,013 222, 583 161 991 624,736 i 276, 508 21, 548 67, 474 19, 440 68,836 SURVEY OF CUERENT BUSINESS July, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1931 1932 May 37 May June 1932 ! Decem- January FebruOctober NovemAugust Septemary ber ber 1 ber July March April CHEMICALS AND ALLIED PRODUCTS—Continued OILS, FATS, AND ANIMAL BY-PRODUCTS-Continued Animal fats and by-products— Continued. Gelatin, edibleProduction thous. of lbs__ Stocks end of Quarter thous. of Ibs GreasesConsumption, factory _thous. of lbs__ _ - _ _ Production thous. of lbs__ Stocks, end of quarter.. thous. of lbs._ Lard compounds and substitutesProduction, thous. of lbs_. Stocks, end of quarter thous. of lbs_. Fish oils (quarterly) — Consumption, factory thous. of lbs_. Production thous of Ibs Stocks, end of quarter. _ thous. of Ibs.. Vegetable oils and products: Vegetable oils, totalConsumption, factory (quarterly) thous. of lbs_. Exports .thous. of Ibs 1,607 ~~~2~356~ Imports thous. of Ibs.. 62, 891 72, 280 Production (quarterly) thous. of lbs__ Stocks, end of quarterCrude thous. of Ibs.. _ _ _ _ _ Refined thous. of Ibs.. Copra and coconut oils — CopraConsumption, factory (quarterly) short tons 17,871 Imports . _ _ short tons 10, 894 Stocks end of quarter ^hort tons Coconut or copra oil — Consumption, factoryCrude quarterly thous of Ibs Refined, total (quarterly) _ thous. of Ibs.. In oleomargarine thous. of Ibs_. ~~~8,~497~ ~~~8,~466~ 15, 970 Imports. _ _ .thous. of Ibs 28, 259 Production (quarterly)— Crude thous. of Ibs.. Refined thous. of Ibs Stocks, end of quarterCrude thous of Ibs Refined thous of Ibs Cottonseed and products: Cottonseed — Consumption (crush).. short tons.. 196, 883 85, 851 Receipts at mills short tons.. 74, 110 34, 055 Stocks at mills, end of month. .short tons.. 398, 200 45, 578 Cottonseed cake and meal— 797 Exports. « short tons. 4,905 Production .short tons.. 91, 193 42, 290 Stocks at mills, end of month. .short tons.. 150, 165 224, 282 Cottonseed oil, crudeProduction. _thous. of lbs._ 67, 670 28, 022 Stocks, end of month thous. of lbs_. 86, 349 33, 056 Cottonseed oil, refined — Consumption, factory (quarterly) _ . thous. of Ibs.. In oleomargarine thous of Ibs ~"l,~137~ ~~1,~2QO~ Price, summer yellow, prime . 069 .032 N. Y ... dolls, per lb__ 36, 753 89, 717 Production thous. of Ibs Stocks, end of month thous. of Ibs.. 705, 361 406, 376 Flaxseed and products: Flaxseed— 1,496 Imports, United States thous. of bush.. 829 Minneapolis and Duluth— 456 Receipts thous, of bush 424 Shipments thous of bush 784 Stocks, end of month thous. of bush.. Oil millsConsumption, quarterly thous of bush Stocks end of quarter thous of bush 1. 55 Price, No. 1, Minn..,. dolls, per bush.. 1.21 Production crop estimate thous of bush Stocks, Argentina, end of month 5, 118 thous. of bush 6,693 Linseed cake and mealExports thous. of lbs._ 20, 373 38, 172 Shipments from Minneapolis 3, 932 8,432 thous. of Ibs Linseed oilConsumption, factory (quarterly) thous. of Ibs,. ~~~.~088~ .061 Price, wholesale, N. Y doils. per lb._ Production (quarterly) thous. of Ibs. _ Shipments from Minneapolis 11,921 7,007 .thous. of Ibs Stocks at factory, end of quarter ' thous. of Ibs.. Oleomargarine: Consumption (tax paid withdrawals) 14, 273 thous. of Ibs 15, 460 Price, standard, uncolored, Chicago .128 .095 dolls, per lb Production -thous. of Ibs.. 14. 338 14, 902 2 Revised. E: 4,415 8,647 1,625 6 543 4,574 8 312 5,406 10, 089 55, 715 94, 985 83, 074 51,941 90, 056 81, 072 49, 688 94, 569 91, 019 53, 837 87, 148 82, 960 278, 216 25, 140 276, 713 21, 718 306, 559 24, 757 220, 417 26, 465 54, 465 4,647 262, 106 52, 497 29, 847 247, 638 40, 893 17, 677 237, 933 34,810 6, 648 202 733 588, 168 1,775 75, 470 389, 915 1,008 74, 285 1,025 63, 096 517, 909 ::::::::: 386, 176 1,057,325 489, 058 455 ~"I,"814~ "~1~670~ 1,230 ""2,"46l" 50, 633 56, 748 56, 509 59, 225 66, 677 440,865 1,033,007 679, 049 525, 448 591, 342 209, 759 63, 434 17, 179 17, 491 18,012 20,207 49, 024 19, 832 23 795 19, 352 20, 953 53, 860 15, 622 25, 106 139, 128 137, 730 142, 435 78, 348 7,105 31, 000 78, 496 10, 947 29, 455 78, 039 14, 027 16, 589 6,169 34, 845 9,473 18, 228 6, 163 67, 169 13, 859 30, 784 13, 291 25, 186 828, 452 21, 426 62, 669 758 101 23, 955 23, 805 61 136 21, 400 25, 837 16, 244 138, 489 12, 749 19, 376 10, 361 31, 655 64, 327 11,429 20, 909 61, 388 68, 682 68, 702 70, 170 77, 887 57, 361 206, 123 16, 039 201, 036 17, 516 188,352 14, 800 191, 389 16, 527 9, 985 16, 090 530, 078 268,010 917, 183 512, 469 299, 613 704, 327 337, 001 155, 469 522, 795 23, 187 266, 534 217, 666 5, 792 237, 056 230, 677 12, 150 230, 261 204, 303 12, 752 157, 002 158, 478 226, 178 126,761 185, 977 133, 629 169, 826 130,375 163, 907 129, 328 116,793 117, 560 ......... 297, 179 ---- 232, 420 1,154 "~1~486~ 1, 530 1,363 ~~~1~297~ 220, 753 1,438 1~245 .042 225, 951 489, 866 .039 155, 577 555,211 .040 161,114 632, 618 .040 136, 804 682, 487 451, 324 862, 032 866, 694 718, 769 589, 363 875, 493 1,570,250 1.258.704 549, 170 368, 589 484, 374 1,192,592 1,584,602 1,400,325 1,179,210 42, 951 30, 294 32, 921 21, 424 13,287 24, 784 59, 148 94, 569 60, 241 225 21, 849 192, 293 1,304 12, 347 14C, 888 3, 590 28, 206 106, 358 10, 260 201,517 118,845 39, 829 385,190 137, 683 56, 060 387, 573 167, 359 38, 563 322, 283 202, 496 14, 175 17, 329 7,089 8, OS6 17,196 12, 065 136, 699 69, 745 269, 031 115,979 270, 412 144, 485 &7(T 1, 245 61 660 695, 188 720, 799 81, 899 67, 351 242, 191 1,012 " . 044 .045 63, 989 206, 643 173, 945 231,079 .047 226, 631 346, 559 .068 30, 375 349, 276 .069 16,010 277, 837 1,150 1,685 1, 339 2, 469 1, 468 3,234 196 720 1,104 744 1, 551 789 501 790 378 386 675 2, 436 406 747 2,766 786 1,381 1,452 924 1,422 1,026 1, J 59 1,605 316 541 872 197 199 649 119 124 508 141 109 552 190 24 684 7. 205 i, 198 1. 48 1.64 1.41 7,610 4 241 1.37 1.32 1.46 1.41 1.40 1.40 1.35 .059 11,968 212, 371 i 7,112 3, 721 1.43 3 11,018 . 035 112,900 704, 598 4,331 3, 346 1, 772 1, 378 1, 969 3, 937 5,394 7,480 7,874 53, 225 j 57, 736 48, 615 49, 027 42, 782 32, 838 20, 5G3 34, 265 38, 116 23, 8C3 11,414 13,972 17, 385 14,354 18,019 14, 518 9,773 6,528 4,405 5, 082 95,544 L .086 130,635 .091 .083 70, 504 .076 141, 205 59, 167 .067 99, 783 ."OC6 6,788 ; 6,285 5,126 7, 525 4,921 5,709 39, 769 7,653 78,200 ! 5,675 . 6, 806 .~6~3~ 4,410 i ."675" 4,125 57, 354 .071 """ ."067 130, 479 3,152 4,782 .~065~ 4,440 154, 490 107, 508 166, 424 9, 289 16, 483 19, 499 23,401 1 22,838 22, 831 19, 892 18,351 17, 703 16, 768 .110 ; .106 12.643 i 11,271 .105 16.075 .119 18. 836 .127 ! .133 23. 965 i 22. 138 .134 23. 173 .128 20. 388 .098 17.232 ' .095 18,973 . 095 16. 684 13, 180 i a As of Dec. 1. 38 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey i 1933 July, 1932 1931 May May June 1 1 August : Scg|£m~ October July X °™m" D 19 32 March ^H January | ™™- April CHEMICALS AND ALLIED PRODUCTS—Continued ; ! j PAINTS Paints, varnish, and lacquer products: * Total sales (588 estab ) . -thous. of dolls Classified (315 estab.) thous. of dolls Industrial _. thous. of dolls.. Trade thous. of dolls Unclassified thous. of dolls.. "Unclassified (273 estab.) thous. of dolls Plastic, cold-water paints, and calcimines: SalesCalcimines .dollars.. 126, 685 Plastic paints dollars.. 65, 309 Cold-water paints. dollars __ 67, 990 33, 403 22, 600 8,071 14, 430 1.00 10, 803 28 587 19, 126 7,031 12,011 84 9,401 22,606 15, 112 6,235 8,802 75 7,493 165, 023 109, 100 105, 963 140, 854 74, 821 85, 773 126, 822 51,288 83,113 14, 779 4,911 19,998 4, 092 If), 795 4,398 16,747 4,908 1,625 381 508 736 2, 230 570 695 965 2, 006 520 643 843 2,017 532 612 873 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 ! j 21,323 14,242 j 5,764 8,392 j 85 I 7,082 1 122, 137 66,869 72,789 | 21, 948 14, 680 5, 638 8, 956 86 7,268 161,743 63, 924 81,037 17,143 i 18, 356 4,761 | 4,834 2,237 'i 568 i: 602 1,067 : 2, 597 711 689 1, 198 20 742 i 13, 956 5,370 i 8,499 86 6,786 145,374 ! 98,634 75,886 67,420 65, 275 52,170 16, 116 5,021 2, 302 574 600 1,128 i i i i , 15 895 10,871 4, 697 6 119 53 5 024 16 271 2 19 089 11, 256 11 309 4, 626 4, 499 6 563 6 810 67 2 0 5, 025 7 780 70,755 ' 40,890 43,492 '; 96, 574 56, 696 52, 566 94,199 2 120,355 51,673 54,373 56, 935 71, 232 13 486 16,492 11,419 9,555 4,453 4,478 6,915 ! 5 036 41 so : 5,074 3 931 12,028 5,456 9,181 i 10 ^77 5, 768 ! 5, 188 983 ! 197 | 214 "'374 < 303 998 12 126 4,787 1,774 390 287 1,097 22 590 13 330 4, 639 8 691 0 9 260 2 146, 674 60, 322 272,546 2 14 032 4,910 14 603 4,892 1,918 503 311 1 103 2, 367 634 530 1 ?0° 1,761 425 248 1 088 ELECTRIC POWER AND GAS ELECTRIC POWER j Consumption, industrial, for power purposes. ; (See Business Indexes.) : Fuel consumed in production of electrical energy. (See Fuels.) ; Production, total mills, of kw. hours By source— \ Fuels mills, of kw. hours i Water power mills, of kw. hours By type of producer: Central stations mills, of kw. hours Street railways, manufacturing plants, etc. ... .mills, of kw. hours Sales of electrical energy: Sales to ultimate consumers, total (N. E.L.A.} mills, of kw. -hours Domestic service mills of kw. -hours Commercial — retail mills, of kw.-hours.Commercial— wholesale . mills, of kw. -hours. . 'Municipal and street lighting mills, of kw Railroads — Electrified steam mills, of kw -hrs ' i | ? _. Gross revenue from sales of energy (Electrical World) thous. of dolls Revenues from ultimate consumers 1 (N E L A ) thous. of dolls _i GAS 4 643 2, 886 7, 198 7, 020 447 509 5, 023 2, 7-19 506 7, 630 7, 540 7, 406 7, 773 7, 543 ! 2 7^ 002 , 3 7, 303 ; 6,781 5,166 2, 4(54 5,343 2,197 5, 706 2, 059 5, 299 2, 107 5, Of54 2, 709 4,447 i 24,026 '. 3, 090 : 2 2, 976 2 2 4, 204 i 3, 099 i 3,657 3,124 7,160 7, 095 7,317 6, 995 j 7, 340 7,083 • 26,533 470 445 418 411 | 433 460 ' ! 2 8, 808 6, 342 409 497 439 6, 016 902 1,101 5,919 860 1,075 5, f 09 816 1, 099 5, 968 814 1, 097 5, 894 883 1,032 5,944 978 1, 159 5, 831 1,082 i 1,174 i 5, 893 1, 160 1, 204 5,872 I 1, 257 ! 1, 242 i 5,642 1, 122 1, 164 i 5, 478 ! 1,043 1,094 i 5,316 997 1, 073 3, 396 157 3,387 149 3, 402 155 3, 452 172 3,311 193 3, 134 207 2, 905 ' 218 2, 793 232 2,630 247 i 2,654 i 229 : 2. 629 ' 209 | 1 2, 618 191 47 376 45 356 45 352 42 350 41 345 48 375 46 ; 367 i 49 406 48 i 404 ; 46 : 384 : 48 1 413 ! 357 171, 550 168, 510 187, 190 167, 380 171,930 178, 630 180, 610 i 184,870 188, 010 | 175, 110 ! 163 160, 238 156, 575 154, 232 154, 162 156,913 163, 424 167, 529 175, 685 8, 904 8,447 41 410 29, 865 21, 230 1, 233 8, 965 8,510 39 410 28, 310 20, 775 515 8.912 8, 466 37 404 24,741 18, 321 191 8,911 8, 466 34 404 23, 527 17. 427 133 8. 938 8, 492 37 404 25, 985 19, 590 167 8, 910 8,446 45 411 27, 820 20, 873 532 8,888 8,420 48 413 28, 527 20, 526 1, 344 170,723 165, 421 ! 2SO 157,727 : 153, 929 I Manufactured gas (150 companies): i Customers, total . thousands..' _ _ __ . "Domestic thousands 1; House heating thousands.. Industrial and commercial thousands. _! _ _ Sales to consumers millions of cu. ft i Domestic millions of cu ft ' House heating millions of cu. f t . _ t Industrial and commercial [ millions of cu. ft..! Revenues from sales to consumers _ _ _ thous. of dolls _.. Domestic thous. of dolls .. House heating thous. of dolls Industrial and commercial thous. of dolls _ Natural gas (125 companies): Customers, total thousands Domestic thousands Industrial and commercial thousands Sales to consumers millions of eu. 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.. i Industrial and commercial thous of dolls _ 7, 645 4,504 3, 141 ! j 1 8, 828 8, 358 50 414 i 29, 339 ! 20, 396 ; 2, 236 8,808 i 8,790 i 8,763 8,329 8,315 ! 8,294 52 51 ; 51 422 421 412 30, 708 29, 360 30, 661 20, 982 i 19. 536 : 20. 539 2, 861 2, 899 : 3, 186 8, 777 8, 309 50 412 29. 974 20, 689 2, 625 7,268 6, 906 6,122 5, 843 6,087 6,241 6, 507 6, 690 6, 774 6,520 31,827 24, 536 1,007 6, 179 30, 654 24, 236 440 5, 881 27, 337 21, 753 176 5,307 26, 046 20, 747 131 5, 071 28, 681 23. 133 160 5,281 30, 195 24,291 447 5, 335 30, 331 30, 602 23,611 ! 23, 299 1, 055 ; 1, 650 5, 534 i 5, 524 31, 936 24, 092 2, 054 5, 870 30, 414 i 31,660 22, 514 I 23. 590 2, 052 | 2,210 5, 710 5, 763 31. 288 23, 858 1, 796 5, 519 4, 345 4, 128 215 43, 340 21, 142 4, 302 4, 093 207 36, 821 15, 232 4,273 4, 068 203 32. 834 10, 876 4, 258 4, 057 200 31, 661 10, 086 4,268 4, 068 199 33, 823 11,185 4 272 4, 072 199 37, 628 13, 662 4, 312 ! 4,315 4, 105 j 4, 103 205 ] 211 43, 908 i 52, 024 19, 924 27, 647 4, 324 4, 110 213 54, 805 30., 940 4, 348 4, 123 224 52, 226 29, 278 4,323 4, 1009 * 22 51, 739 29, 051 4, 297 4, 076 219 46, 754 25, 377 21, 824 21, 252 21, 573 21, 205 22, 200 23, 538 23, 593 23, 733 23,451 22,503 ! 22, 182 20, 978 20, 108 14, 697 5, 365 16, 159 11, 251 4, 867 13, 482 8,6/9 4, 763 12. 813 8, 205 4, 553 13, 490 S, 792 4, 647 15, 276 10, 349 4,876 1.9, 250 ! 24. 404 14, 008 ! 18; 757 5, 153 ! 5, 579 26, 441 20, 623 5, 754 25, 853 I 19, 975 ! 5, 779 j i 24, 389 19, 104 5, 639 22, 158 16. 957 5, 136 6, 490 j * Since March, 1932, detailed figures are not strictly comparable owing to changes in firms reporting 2 6, 747 ; Revised. ! ! ' i SURVEY OF CURRENT BUSINESS July, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement of the Survey 1931 1033 May 39 May June July August S6 1933 ber m ~ October N 1 iD^r™" ! ^ bCerm" Januar ^ F U "rv a! y " March April 170, 544 .23 127, 268 50, 140 176, 700 .20 2 136, 556 49,915 FOODSTUFFS AND TOBACCO DAIRY PRODUCTS Butter: Consumption, apparent. __thous. of lbs._ 223, 862 .19 Price, N. Y., wholesale (92 score) .dolls, per lb._ Production (factory) thous. of Ibs.. 182, 659 Receipts, 5 markets thous. of lbs._ 75, 552 Stocks, cold storage, creamery, end of month „ thous. of ibs29, 293 -Cheese: Consumption, apparent thous. of lbs._ Imports . thous. of Ibs ~~~4~338~ "Price, No. 1 Amer. N. Y__ dolls, per l b _ . .12 Production (factory) thous. of lbs._ American whole milk thous. of Ibs.. Receipts, 5 markets thous. of Ibs.. ~~13,"972~ Stocks, cold storage, end of month ._ _ _thous. of Ibs.. 52, 141 American whole milk thous. of lbs_. 40, 486 Condensed and evaporated — Production, total thous. of lbs_. Condensed, total _ _ thous. of Ibs Evaporated, total* thous. of Ibs. . Exports, total thous. of Ibs Condensed tbous of Ib1-5 Evaporated.. thous. of lbs._ Prices, wholesale, N. Y.— Condensed dolls per r>casp Evaporated dolls per ase Stocks, manufacturers, end of month. total thous. of Ibs.. Condensed — Bulk goods thous. oflbs.. C.ise gocil? thous. or Ibs... E vapor .ted — Case goods thous. of Ibs. Fluld milkConsumption in oleomargarine thous. oflbs.. Production, Minn, and St. Paul thous. oflbs.. Boston, incl. cream thous. qts.. Greater New York thcus. qts._ Pi w<i"r<d milk— Kviorts thous. o f l b s Orders net new thous of Ibs Storks, mfgrs. end of ino_ -thous. o f l b s » _ 171,991 225, 483 .24 182, 269 61,813 207, 978 .23 190, 278 74, 154 197, 659 .25 158, 126 58, 522 203, 731 .28 136, 769 45, 588 189, 483 .33 118,202 42, 863 187, 114 .34 121,052 43, 857 160, 638 .31 112,002 44, 925 121, 054 47, 194 157. 136 .24 119,324 48, 895 35, 155 89, 172 115,121 104.678 SO, 152 56, 229 42, 242 26, 643 22, 506 15, 243 9,034 57, 266 5, 856 .14 54,316 42, 787 12, 145 51, 689 5,121 .14 63, 725 50, 698 17, 480 45, 394 3, 413 .15 53, 255 41,871 14, 190 47, 078 4, 389 .16 45, 127 34, 023 14, 264 47, 384 5,515 .17 38, 993 28, 332 11,949 50, 202 7, 179 .16 41, 480 29, 218 13, 588 42, 519 6, 057 . 15 33, 424 22, 849 10, 569 35, 275 5, 195 . 1.4 26, 725 18, 735 9, 301 38,014 3,739 . 14 2 25, 705 21, 017 11,361 42, 174 3, 580 .13 28, 481 23,732 12, 075 45, 062 4, 768 .13 33, 744 26, 514 11, 760 44, 258 5,280 .12 35, 756 28, 685 10, 764 260,242 2 46, 764 72, 977 58, 144 84, 003 68, 532 86,418 68, 874 83, 426 65, 802 81,713 63, 968 78, 565 60, 583 73, 289 55, 775 65, 728 49, 406 55, 568 41,712 54, 021 36, 782 2 50, 764 2 38, 951 202, 707 21, 802 180, 905 5,431 1, 619 3, 812 242, 688 30, 525 212, 163 7.087 1, 973 5, 114 232, 389 27, 348 205,041 6, 396 1,372 5,024 174, 207 22 286 15l!92l 7, 754 1, 862 5, 892 137,085 21, 541 115,544 5,943 1,477 4, 466 119,741 20, 826 98.915 1,' 309 3, 659 139, 197 24, 263 114,934 4, 790 1,180 3,610 115,920 18, 274 97, 646 5, 683 1, 443 4,240 116,379 17,763 98,616 5, 600 1,233 4, 367 114,038 18,599 95, 440 6,812 2,310 4,502 117,618 1 7, 200 100, 358 5, 4CS 1, 404 4, 064 134, 226 17,200 117,026 5, 149 922 4, 227 161,324 21,476 139, 848 4,376 1, 169 3,207 4, 75 5. 65 3.30 5 65 3,20 5 65 3. 10 5. 00 3. 00 4. 75 3.00 4.75 3.00 4.75 3.00 4.75 3.00 4.75 2.98 4.75 2.98 4.75 2.80 4. 75 188, 532 269, 794 318,270 316,223 219, 250 167, 764 157, 061 163, 552 152, 446 145, 303 132, 257 8, 865 15, 246 19, 163 19, 892 18,992 23, 998 16, 221 24, 071 15,001 22, 504 11.007 20. 349 ] 0, 032 17,264 8,607 15, 130 7, 929 12, 506 8, 275 9, 145 7,931 7,467 6, 928 7,573 2 7, 829 9, 532 164, 421 230, 739 275, 280 275, 931 381, 745 136, 408 129, 802 139, 844 132, Oil 127, 883 116,859 101, 388 2 117, 687 4,671 4,107 3,512 0 9, 945 23, 824 156, 087 .22 117, 684 49, 071 2 10., 394 115,889 2 134, 848 3,791 3, 432 2, 943 4, 109 4,849 6, 142 5, 625 5, 948 5, 106 4, 265 36, 244 33, 978 27, 436 24, 012 21,751 25, 224 26, 854 31,732 7, 820 7, 883 21, 023 124, 180 21,021 124, 491 21, 615 127, 988 20. 545 122,447 19,598 122, 776 19,558 121,940 18, 529 lie! 628 19,028 118,763 19,267 120,474 18, 337 113,126 20, 247 121, 809 19, 450 115,230 1,369 11,047 43, 148 1,085 11, 109 42, 628 964 11,816 38, 216 1,047 11,002 35, 922 854 14, 331 26,711 970 9,914 23, 572 712 8, 494 23, 305 725 8, 486 24, 198 261 8, 126 25, 969 251 7,973 25, 546 10, 239 24, 576 0 2 10, 235 2 23, 603 2,071 1,217 3,220 2, 035 13, 037 31, 470 14, 516 3211 506 7,247 8, 149 8, 197 6. 396 577 16,513 3,762 137 11,076 2, 169 62 9, 856 1, 714 81 6, 144 2, 344 2, 143 5, 896 4, 013 10, 705 9, 493 4,078 11,399 13,439 2,318 10, 041 15,614 2,198 7, 807 12, 270 2, 120 5,419 13, 680 1, 503 3,243 18, 072 838 1.740 1.467 1,372 1. 250 1. 015 1. 198 1. 181 1.347 1.195 20, 389 11,968 17, 701 24, 760 1. 142 s 376,248 14, 419 13, 138 17, 465 18, 638 24, 581 21, 144 14, 999 12, 578 8,411 8, 353 8, 993 12,922 129 . 51 113 . 52 188 . 53 212 .51 1,653 4,030 1,715 3,536 2, 496 2, 857 177 5, 130 291 5,344 220 5, 045 511 .39 .37 .36 .35 .34 .33 .34 9,941 FRUITS AND VEGETABLES Exports, fruits and preparations. (See Foreign trade.) Apples: Production, crop estimate thous. of bush Shipments, car-lot .. .. carloads 2.415 Stocks, cold storage, end of month 673 thous. of bbls Citrus fruit, car-lot shipments carloads. . 12, 094 Onions, car-lot shipments carloads. _ 4, 361 Potatoes: 1. 086 Price, white, N. Y dolls, per 100 lbs_. Production, croo estimate thous. of bush IS, 141 Shnmients, car-lot carloads. _ 24, 078 . 965 1.049 21,719 13. 709 2, 552 GRAINS Exports, principal grains, including flour and meal thous. of bush 10, 211 Barley673 Exports, including malt thous. of bush.. .44 Pri''*c No 2 Minn dolls, per bush Production, crop estimate thous. of bush Receipts, principal markets thous. of bu^h '• 2, 307 Visible supply, end of month-thous. of bush-Corn: 311 Exports, including meal thous. of bush-. Grin dings thous . of bush . . Prices, wholesale — No. 3, yellow (Kansas City) ". 'dolls, per bush-. 34 .32 No. 3, white (Chicago) dolls, per bush-Production, crop estimate thous. of bush-Receipts, principal markets. thous. of bush.. 9, 607 Shipments, principal markets thous. of bush 6, 686 Visible supply, end of month thous. of bush.. Oats: Exports, including oatmeal.. thous. of bush... 235 Price. No. 3, white, Chicago-dolls, per bush.. .23 Production crop estimate thous. of bush Receipts, principal markets. thous. of bush.. 6,513 Visible supply, end of month -thous. of bush-- 11, 323 Rice: Exports _ .pockets (100 Ibs.) 315, 541 Imports pockets (100 Ibs ) 10. 310 Price, wholesale, head, clean, New Orleans .022 dolls, per lb._ Production, crop estimate.. -thous. of bush.. 2 s As Revised. 11, 224 13,161 18, 750 13, 439 13, 124 17, 296 896 .45 807 .39 678 .42 1,014 .45 717 .50 768 .50 2,523 4,626 2, 193 4,126 1, 801 3,449 5, 088 4, 089 5, 152 4, 138 5,406 4, 770 276 .51 3198 965 2, 344 2, 005 4, 963 4, 226 151 5, 580 123 5,738 556 5, 168 201 4, 665 165 5, 912 256 6,318 508 6, 348 .52 .56 .52 .59 . 53 .58 . 45 .49 .40 .39 . 46 . 43 . 4.6 .44 234 .51 120 4, 630 . 39 . 38 32,556.863 11, 741 10, 767 11, 381 13,417 16, 152 11, 320 8, 447 14, 414 10, 421 13,561 ; 10,914 14, 855 10, 589 8,955 6, 561 6, 364 7,211 4, 884 4, 346 3, 603 2,921 2,916 5, 836 12, 286 7,785 8, 536 8, 271 5, 592 7, 364 10, 079 13, 192 14, 736 18,929 ; 23,. 451 23, 109 192 .28 374 .27 253 .23 429 .21 627 .22 857 .23 850 .26 255 .25 133 .25 89 ! .24 ; 149 .22 142 : 4,543 15, 523 5,432 13, 506 203, 622 I 263, 495 15,663 ! 26,565 357, 561 23, 886 :31 119 149 5, 294 9,892 4,748 7,654 5,749 7,785 12, 903 15, 577 7, 398 17, 468 7, 090 18, 605 4, 532 17, 863 4,028 16, 710 4,545 16, 846 260, 949 50, 472 239, 358 10, 009 100, 899 5,443 108, 181 4,475 87, 630 3,756 322, 302 9,397 380, 658 11, 859 193, 200 34, 081 148, 002 32, 111 .033 .033 .032 .030 .028 .026 .028 .030 3 45, 014 .029 of Dec. 1 5,721 17, 808 . 027 *Bulk evaporat ed milk not includ ed since ]December, 1931. . 024 .022 SURVEY OF CURRENT BUSINESS 40 i Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey } -| QOO May July, 1932 1931 May i Jane j July 1932 i October NovemAugust September ber Febru£T 'January ary D M arch April FOODSTUFFS AND TOBACCO—Continued GRAINS— Continued Rice— Continued. Receipts, southern paddy, at mills P 703 ! thous. of bbls. (162 Ibs.).. 520 Shipments to mills, total 698 thous. of pockets (100 lbs.)._ 617 80 89 New Orleans.-thous. of pockets (100 Ibs.) .. Stocks, domestic, end of month 1, 825 thous. of pockets (100 Ibs.).. 1,293 Rye: 228 29 Exports, including flour thous. of bush.. .39 .36 Price, No. 2, Minneapolis. ..dolls, per bush.. Production, crop estimate.. -thous. of bush.. 4 39, 464 1,035 Receipts, principal mar kets.. thous. of bush.. 8,540 Visible supply end of montn.thous. of bush._ Wheat: Exports— , 8,764 9,956 Wheat, including flour thous. of bush.. 6,406 7,283 Wheat only thous. of bush.. Value, wheat and flour. (See Foreign Trade.) Prices, wholesaleNo. 1, northern, spring, Minn. .81 dolls, per busn_. .68 No. 2~, red, winter, St. Louis ..dolls, per bush.. .79 .56 .73 .54 No""2," hard," winter, K. C.dolls. per bush.. Weighted average, 6 markets, all grades dolls, per bush__ .76 .61 Production, crop estimate, total thous. of bush.. Spring wheat ._. .thous. of bush.. Winter wheat thous. of bush.. 4 440 781 Receipts thous. of bush.. 15, 344 30, 863 Shipments thous. of bush-- 15, 942 24, 061 480, 000 Stocks, visible supply, world.th.ous. of bush.. Canada thous. of bush.. 147, 927 136, 856 United states thous. of bush.. 171, 775 197, 563 Stocks, held by mills (quarterly) thous. of bush.. Wheat flour: 8,711 Consumption (computed)— .thous. of bbls. . 789 329 Exports thous. of bbls . Grinding of wheat thous. of bush.. 35, 350 36,946 Prices, wholesale— 4.85 Standard Patents, Minn... dolls, per bbl_. 4.43 Winter, straights, Kansas City dolls, per bbL. 4.14 3.35 Production— 8, 015 Flour, actual (Census) thous. of bbls.. 7,740 Flour, prorated, total (Russell's) thous. of bbls. _ 8,739 Offal thous. of Ibs.. 616, 709 663, 303 50 Oncrations per cent of total capacitv 49 Stocks, total/end of month (computed) thous. of bbls.. 4,857 Held~by~milis"(quarterly)-- thous. of bbls.. 323 172 382 1,455 ! 1,810 1,408 632 569 734 812 601 76 404 37 427 78 875 139 : 1,396 200 1,216 136 758 79 720 57 837 99 859 102 77 1,051 848 683 1,305 ! 1,805 2,051 1,987 1, 906 1,855 1,862 1,788 15 .37 10 .37 14 .38 9 .41 27 .51 10 .46 8 .46 1 .47 280 . 45 862 8,730 472 8,687 1, 137 8,267 3 .45 3 32, 746 751 401 9,131 9,025 378 8,934 580 8,909 566 9,250 11,842 8,136 17, 253 12, 731 11, 781 8, 901 13, 380 9,519 11,924 7,896 7,962 4,074 7,852 4,649 8,435 5,749 27 ! .39 ! 1,311 8, 922 1,213 9, 186 11,588 15,406 8,397 i 11,873 544 11,777 9, 354 .74 .61 .65 .69 1 .71 .80 .73 .75 .75 . 70 .71 .72 .68 .48 .44 .47 .43 .47 I .43 | .52 .48 .62 .59 .57 .52 .57 .53 . 57 .54 . 55 .51 . 57 .£3 .67 .47 .51 .56 i .58 .69 .60 .61 .59 .58 .CO 25,000 13,412 11,537 9.562 612,100 2595,800 180,966 : 1&1,445 210, 147 202, 383 13, 19S 13, 221 529, 700 165, 533 182, 757 3892,271 38,877 28,325 500, 400 122, 199 239,431 , j 1 i : 104, 047 65, 987 462, 700 116, 462 217, 526 61, 463 45, 747 500, 000 101, 306 242, 84£ 6, 666 824 35, 893 7, 642 1,005 45,362 9,843 640 44,412 4.75 4.13 4,21 4.24 4.12 3.16 2.96 2.96 ; 7, 763 9,852 9, 658 7, 981 647,400 47 9, 847 802, 424 59 10, 614 785, 106 58 4,800 2,830 6,000 6,131 6,135 3,532 1,043 29, 656 30, 385 443, 400 122, 318 190, 702 3 787, 465 32,658 26, 405 13, 766 17, 072 26,851 29, 470 15, 470 11,005 529, 100 541, 400 608, 900 631, 600 161, 912 189, 675 191,180 187, 974 231,049 230, 147 220, 521 211, 873 129, 994 ._ 9, 334 858 45, 230 9,393 895 37, 157 7, 604 864 37, 290 7,612 712 35, 130 4.28 4.84 4.51 4.59 4.61 4.37 4.49 3.10 3.03 3.22 3.40 3.30 3.09 3. OS 10,399 9, 890 8,148 8,180 7, 692 8,483 10,611 \ 11,112 781,318 ; 828,114 61 60 10,167 789, 737 65 8,890 645,812 49 8,788 645, 881 49 8,084 610,366 51 8,913 671, 853 50 6,000 5,975 4, 577 4,126 5,120 4,880 4,900 3 918 4, 975 1,067 | 1,194 1,020 1,080 1,09S C55 1, 024 * 1, 0-13 964 1,125 1, 085 1,352 1,301 1,183 1, 052 1,OS3 638 I 506 56,881 | 48,744 523 50, 664 730 65, 579 875 69, 249 1,035 76, 368 1,011 65, 901 2 1,012 2 60, 028 343, 245 1,189 379,927 1,046 380, 079 1,202 340,516 883 139,002 38, 771 ; 9,898 ! 10,462 709 ! 785 44,569 ; 47,463 9,735 QS 110 8,022 539 2 37, 559 8,296 597 38, 669 2 2 s, iee 8, 631 659, 666 50 LIVESTOCK AND MEATS Total meats: 1,0-15 1,060 1,012 Consumption apparent mills of Ibs 1, 039 Exports, value of meats and fats. (See Foreign Trade.) Production (inspected slaughter) ...mills, of Ibs _ 1, 078 1,053 999 1,094 Stocks, cold storage, end of month total 1,062 mills, of lbs__ 1,014 946 1,013 Miscellaneous meats .-.thous. of Ibs.. 58, 809 79, 331 75, 469 69, 026 Cattle and beef: Beef and veal — Consumption, apparent thous. of Ibs.. 368,722 424, 174 404, 731 416, 732 1,573 1,497 1,468 1, 827 Exports thous. of lbs_. Price, wholesaleBeef, fresh native steers, Chicago dolls, per lb__ .129 .143 .129 .119 Production, inspected slaughter .thous. of Ibs. . 362, 834 419, 124 400, 529 411,952 Stocks, cold storage, end of month -thous. of Ibs.- 35, 344 49,448 45, 548 41,055 Cattle and calvesMovement, primary markets1,551 1,539 1,488 1, 397 Receipts thous. of animals.. 969 979 930 895 Slaughter local -thous. of animals . Slaughter, inspected. (See Leather and leather products.) 562 552 562 483 Shipments, total thous. of animals.. 112 153 124 135 Stocker and feeder thous. of animals Price, wholesale, cattle, corn fed, Chicago 7.32 dolls, per 100 Ibs ._ 7.68 7.25 6.89 Hogs and products: HogsHog movement, primary markets — 2,854 2,938 2,511 3,050 Receipts thous. of animals.. 1,841 1,773 1,474 2,188 Slaughter local thous of animals Slaughter, inspected. (See Leather and leather products.) 1,072 1,039 854 1,099 Shipments, total thous. of animals,. 37 33 36 Stocker and feeder.. thous. of animals,. 31 6.24 6.39 3.26 6.40 Price, heavy, Chicago... dolls, per 100 Ibs.. 3 As of Dec. 2 Revised. 946 798 66, 334 432, 312 1,837 .144 430, 595 404,928 2,077 ; 449,043 1,60-4 8 2 372, OGO 2 3S6, 406 9.6 902 .156 .164 .157 .145 .130 . 130 .128 400,751 ; 446,798 349, 598 393,399 377, 068 339, 915 366, 403 379, 758 .148 39, 050 35,171 34,407 39, 158 53, 199 51,285 51,107 46, 346 2 41,226 1,821 1,007 1,797 961 2,137 1,033 1,866 905 1,453 908 1,376 876 1,281 841 1,377 ' 8S6 1, 376 879 1. 758 261 861 : 381 ; 1,100 581 905 487 608 246 478 130 427 110 483 125 49 6 138 8.62 8.66 '• 9.25 10.20 9.34 8.97 7.98 7.61 7. 51 2,454 1,398 2,727 ! 1,663 ; 3,462 2,142 3,752 2,297 4,210 2, 806 4,218 2,707 3, 659 2,464 2,939 1, 968 2, 960 2, 024 1,045 49 6.35 1,062 i 55 : 5.71 j 1,324 72 5.41 1,427 62 4. 64. 1,188 37 969 30 4.22 941 28 3. 7£ 1,426 1,510 40 35 4.22 3.91 «Asof Mayl, 1932 July, 1932 SURVEY OF CURRENT BUSINESS i 1 QS2 Earlier data, together with explanatory \ footnotes, may be found in the 1932 Annual Supplement to the Survey May 41 1932 1931 May June July Decem- January August SeptemOctober November ber ber F March |^- April FOODSTUFFS AND TOBACCO—Continued I LIVESTOCK AND MEATS—Continued Hogs and products—Continued. Pork, including lardConsumption, apparent thous. of lbs__ Exports, total thous. of lbs_. Lard thous. of lbs__ PricesHams, smoked, Chicago dolls, per lb_. Lard, prime contract, N. Y_.dolls, per lb._ Production, inspected slaughter, total thous. o f l b s _ _ Lard thous. of lbs__ Stocks, cold storage, end of mo. thous. of lbs__ Fresh and cured thous. oflbs._ Lard thous. of lbs__ Sheep and Iamb: Lamb and muttonConsumption, apparent thous. ofIbs._ Production, inspected slaughter thous. of Ibs - Stocks, cold storage, end of mo thous. of lbs_. Sheep and lamb movement, primary marketsReceipts thous. of animals.. Slaughter, local thous. of animals._ Slaughter, inspected. (See Leather and leather products.) Shipments, total thous. of animals.. Stocker arid feeder thous. of animals.. Prices, wholesale— Ewes, Chicago dolls, per 100 Ibs __ Lambs, Chicago dolls, per 100 lbs__ Poultry and eggs: EggsReceipts, 5 markets __.thous. of cases _ _ Stocks, cold storage, end of month— Case thous. of cases__ Frozen thous. of lbs_. Poultry— Receipts, 5 markets thous. of Ibs.J Stocks, cold storage, end of rno. thous. of Ibs. 1 615,122 53, 657 41, 084 581,193 55, 557 39, 623 585, 123 53, 226 37, 786 540, 219 49,193 33, 824 .136 .043 .182 .082 .174 .083 .173 604, 427 126, 323 597, 185 123, 203 931,117 827, 751 103, 366 890, 212 774, 651 115, 561 918,120 788, 792 129, 328 679, Oil 56,134 43, 547 620, 021 48, 224 35, 205 .186 .075 .182 .080 .172 .071 .153 .060 532, 757 109, 265 457, 103 502, 673 91, 680 | 97,114 611,172 116,124 678, 452 125, 859 898, 597 174, 090 833, 737 711,811 121, 926 691,110 544,183 595,063 | 474, 887 96,047 69, 296 551, 988 ! 601, 367 48,032 48, 550 34,510 | 37, 790 .185 ' .075 639, 966 653,596 558,845 75. 954 69,020 i 75, 728 65, 598 59,854 j 66,674 .138 .055 585, 935 I 2 586, 533 51, 659 45, 955 43, 200 36, 014 .142 .048I 629,420 I 644, 271 130,158 | 129,091 .147 .052 .14. .051 860,315 ',786,802 171,331 I 164,152 431, 387 614,530 752,581 ; 905,320 396, 563 563, 306 i 674,151 812, 459 34, 824 51, 224 78, 430 92, 861 54,847 54,563 | 55,333 54, 679 58,351 j 60,792 | 06,436 54,847 54,433 I 55,678 53, 947 58,466 | 60,754 j 66,54(5 | 56,545 56,499 897, 832 |2 2 910, 071 792, 197 2 799, 064 105,635 111,007 59, 683 ! 64, 275 I 55, 997 ! 56, 574 ! i 60,047 | 63,934 i 2 i 59,049 55,851 j 56,040 | 58,876 2 1,039 2,371 i 2,685 1, 892 1,975 ! 1,908 j 1,975 | 1,985 2, 318 I 1, 947 1, 784 | 1, 222 \ 2,429 1,360 2,810 I 1, 464 i 2,587 1, 384 2, 535 1,342 3,270 j 1,474 I 3,900 1,461 I 3,956 1,487 2, 811 1, 281 2,182 ! 1,305 I 2, 363 1,381 2, 035 ! 1, 233 | 2. 115 I i; 185 | 2, 412 1, 269 1, 072 100 1,353 ! 176 | 1,214 289 1,191 243 2,455 | 1,104 | 2,471 1,181 1,520 655 919 182 796 i 922 i 77 ! 1,155 143 1.50 5.18 2. 44 | 8.30 i | 1. 55 6.98 2.56 6.06 1.98 5.95 1.63 ' 5. 94 1.63 5.70 2.00 4.98 2.00 4.89 3.25 ' 5.79 I 2.75 5.81 1, 971 2,236 | 1,053 943 i 5, 379 95, 097 1,862 1,180 7,887 9,507 106,607 I 113,513 9, 504 114, 709 722 i 80 j 2.06 5.09 578 936 7, 960 j 5, 745 j 3, 447 9, 016 110,271 i 103,302 94,816 j 86,407 1,475 663 79,198 j 72, 439 2.98 5. 38 1, 917 1, 435 258 68, 024 689 68. 870 1, 061 2 2, 982 2 81, 920 18, 763 17, 252 22,164 24, 871 28, 655 32, 409 30,377 | 64,731 76, 149 | 25,197 15, 499 44,712 35, 348 32, 762 36, 438 43, 056 56, 215 65, G68 I 89,971 116, 700 | 111, 554 2 56, 676 10, 617 . 0435 22,520 ! 14,892 . 0494 .0563 17, 746 .0581 13,546 ! 14,104 .0525 | .0463 TROPICAL PRODUCTS Cocoa: Imports long tons__ Price, spot, Accra, N. Y -dolls, per l b _ _ Shipments, Gold Coast and Nigeria long tons_. Coffee: Clearances from Brazil, totaLthotis. of bags.To United States thous. of bags.. Imports into United States...thous. of bags.. Price, Rio No. 7, N. Y dolls, per l b _ _ Receipts at ports, Brazil thous. of bags.. Stocks, world total, incl. interior of Brazil ..thous. of bags.. Visible supply, total excl. interior of Brazil thous. of bags__ United States thous. of bags.. Sugar: Raw sugarCuban movement— Exports long tons.. Receipts at Cuban ports long tons.. Stocks total end of month, thous. long tons. United StatesMeltings, 8 ports long tons-Price, wholesale, 96° centrifugal, New York dolls, per lb._ Receipts— From Hawaii and Pto. Rico.long tons..] Imports long tons._I Stocks at refineries, end of mo. long tons..! Refined sugar: | Exports, including maple long tons.-! Price, retail, gran. N. Y dolls, per Ib..;' Price, wholesale, gran. N. Y..dolls, perlb.Shipments, 2 ports long tons... Stocks, end of month, 2 ports.--long tons.-: Tea: Imports thous. of lbs._ Price, wholesale, Formosa, fine, N. Y. dolls, per l b _ . 8,152 .0475 8.288 .0494 16, 343 .0425 16, 641 .0432 37,244 .0455 15, 971 . 0445 16,020 7,075 11, 720 11,870 7,783 4,355 i 6,1 7,256 23, 080 44, 588 52,105 49, 330 25,614 I 1,263 735 1,056 .084 1,564 1, 333 643 1,415 .061 1,755 1,504 760 1, 037 .068 1, 535 1,161 530 1,100 .063 1, 462 1,216 592 884 .056 1, 495 1, 263 711 794 .056 1,533 1,485 805 907 .058 1,711 1,529 870 936 .063 2,319 1,507 818 1,203 .070 2 138 1,270 823 1, 220 .071 1,580 1,097 646 1,149 .072 1, 769 1,098 622 | 1,220 .073 i 1,721 i 32,865 j 34,493 | 35,046 i 6,127 6,944 6,493 1,555 1,510 1,592 36,093 37,246 37,260 37,115 37,159 j 36,158 6, 322 1,299 6,419 1,387 6,244 1,359 25,851 1,340 5,620 1,219 ; 5,556 937 29,153 28, 721 30,662 5,751 877 6,286 1,345 6,724 1,395 6,990 1,491 82, 502 55,107 3,155 137, 205 118,514 3,547 148, 624 93, 548 3,364 203, 030 119,664 2, 940 306,072 383,157 215,110 126, 016 2,557 160, 992 109, 613 2,322 134,336 146,102 156,714 97, 725 101, 278 101, 544 2,130 i 1,931 21,415 328,310 i 231,746 283,570 1, 315 803 793 . 077 1,762 18, 242 25,111 88, 595 263, 549 2, 422 1,799 97,589 ! 244,391 491,684 I 234,461 3,422 | 3,202 ! 267,038 j 345,753 [ 298,362 376,715 414, 066 .026 .032 .033 .035 .035 .034 226, 859 229, 812 161, 260 191, 499 463,730 143,382 239, 085 400, 567 148,636 324,849 367,252 135.228 397, 042 429.229 5,538 .045 .037 67, 923 46,173 3,338 .050 .043 57,670 32, 632 I 4,329 j 3,952 .050 ! .051 .044 i .046 78,583 ! 98, 879 35,030 1 36, 481 3,896 .053 .046 76, 412 37,116 4,365 .052 .045 60. 502 41,171 4,304 i 3,598 .052 j .052 .045 i .044 48,208 | 41, 538 33,047 ! 34, 486 2,607 .051 .042 51, 378 31, 220 3,365 .051 .041 44, 745 32, 239 4,143 .051 . 041 38,655 30,684 4,031 I .049 .040 | 51, 153 I 31,641 | 3,178 .048 .039 55, 679 37,132 4,566 4,135 6, 578 7,977 8,568 10,271 j 7,813 7,748 10, 028 6,394 7, 465 5, 774 .185 .225 .225 .225 .225 .217 .215 .215 Candy sales by manufacturers..thous. of dolls.. 14,877 Fish: Landings, fresh fish, principal ports thous. of lbs_. : 27.083 Salmon, canned, shipments cases Stocks, total, cold storage, 15th of month thous. of Ibs.- 28,655 s Revised. 22, 783 11,816 17,187 25,877 ! 24,686 25,203 19,520 19,334 25,655 ! 28,626 340, 460 523,845 33, 612 902, 319 28.439 i 24,947 ! 20,808 631,651 539,277 i 429,818 14,155 433, 132 31, 283 j 39, 700 1 48, 350 57, 518 6,953 .225 ! .034 .034 .032 39,191 126,970 I 82,063 i 53,741 202,564 j 186, 928 135,308 177, 460 321,815 j 245, 694 187, 552 181,363 . 225 | . 225 246,324 .031 .029 .028 | .026 93,141 I2172,797 184,041 I 196,949 196,150 264, 675 330,891 i 312,857 182, 257 263, 659 396,514 ! 514,273 .203 I .185 MISCELLANEOUS PRODUCTS 24, 599 383, 975 16,578 68, 083 19, 364 16, 340 26, 301 15,749 I 20,318 ! 31,888 444, 588 484,335 j 331,413 I 128,329 73, 018 i 74, 725 ! 72, 362 64, 478 i 50, 661 | 35, 534 | 26, 061 42 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 2932 , Annual Supplement to the Survey " May Julv, 1932 1932 1931 May I June ! July No m b™ ~ j August j 0<JJ. April FOODSTUFFS AND TOBACCO—Continued TOBACCO Leaf: Exports thous. of lbs_. Imports, unmanufactured 3 thous. of lbs_. Production, crop estimate - thous. of Ibs Stocks, total, including imported types (quarterly) mills, of Ibs Flue-cured, fire-cured, and air-cured mills, of Ibs Cigar types _ _ _ mills, of Ibs Manufactured products: Consumption (tax-paid withdrawals) — Small cigarettes mills.. Large cigars thousands.. Manufactured tobacco and snuff thous. of lbs._ Exports, cigarettes thousands. . Prices, wholesale— Cigarettes dolls, per 1,000. Cigars dolls, per 1,000- 30, 195 2,823 48,911 3, 253 38,737| 20,5741 23,113; 44,826 3,023 | 2,592 ! 2,429 2,333 1 915 • 1 453 1i 370 ! ; ' I ! ! ] 49, 170 4,288 58, 386 7,899 25, 047 56, 585 14,004 14, 200 1 610 098 29, 437 5,321 31,218 8,680 1 841 2 013 2, 374 I 419 342 1 612 321 1,858 412 32, 875 6, 340 8, 085 368, 553 10, 448 467, 300 11,508 ! 10,700 I 9,520 ; 9,695 517,514 | 478,901 | 463,256 j 449,330 8, 956 534, 371 7,850 477, 458 7, 295 8, 963 8, 447 7, 680 304, 531 342, 924 347, 729 355, 382 7,562 349, 953 27,810 268, 304 30, 780 250, 858 31,086 244,201 33,278 257,854 34, 139 191,835 27, 935 228, 793 25,813 240, 727 30, 781 186, 194 6.042 49. 247 5.645 50. 354 6.042 49.247 6.042 49. 247 6. 042 49. 247 6.042 49. 247 6.042 49. 247 6.042 49. 247 6. 042 49. 247 6.042 49. 247 125 113 96 87 136 105 30,661 I 31,558 243,233 1 254,049 5.736 1 6.042 6.042 49.443 i 49.247 1 49.247 ' 30, 883 29, 417 31, 444 190, 823 232, 348 211,210 FUELS AND BY-PRODUCTS COAL Anthracite: 92 Exports thous of long tons Prices —• Retail, composite, chestnut ..dolls, per short ton.. 13 11 Wholesale, composite, chestnut dolls, per long ton.. 11 777 Production thous. of short tons.. 3,286 2,901 Shipments thous. of short tons.. Stocks, in storage thous. of short tons.. 1,906 Stocks, in yards of dealers, end of month __ no. of days' supply.. Biturnirious: Consumption — Coke plants.. ..thous. of short tons.. 2, 588 Electric power plants.thous. of short tons... Railroads thous. of short tons.. Vessels bunk or thous. of long tons 112 Exports . thous. of long tons. . 662 Price, retail composite, 38 cities . dolls, per short ton.. 7 60 Prices, wholesale — Composite, mine run. dolls, per short ton.. 3. 640 Prepared sizes (composite) . dolls, per short ton.. 3 599 Production thous. of short tons.. 18, 394 Stocks, consumers, end of month thous. of short tons 148 146 110 101 121 157 14.19 14. 31 14. 59 14.73 14.93 14. 97 14.96 14.97 14.97 14.95 14 45 13 46 12. 270 5, 005 4, 629 1,674 12.413 4, 544 3,977 2,073 12.614 3, 954 3,459 2,504 12. 796 4, 314 3, 810 2, 828 13. 083 4, 358 3,778 3,109 13. 083 6, 551 5,818 3, 167 13. 147 4,141 3, 718 3,314 13.166 4,671 4,210 3,073 13. 170 3,897 3,418 2,741 13. 170 4,019 3,630 2,265 12 396 4,789 4, 384 1, 794 11 803 5, 629 5,014 1,733 60 75 75 60 4, 027 2, 960 5,314 209 994 3,795 3,167 5,463 1S6 1,087 3, 459 3, 282 5,268 3,616 3,452 5, 776 3,442 3, 221 5,290 3,172 2, 863 5,234 3, 018 2 2, 608 4,980 2 3, 158 2, 737 5 444 2,810 2 342 4 703 1,163 1,078 1, 150 4,629 2,956 5,821 195 920 3, 634 3,232 5,419 165 1,217 164 183 54 134 3,354 3,116 5,314 99 521 93 389 122 386 89 403 93 550 8.04 8.00 8.09 8. 11 8.17 8.22 8.23 8. 19 8.17 8.14 8 01 7 85 3. 723 3. 692 3. 706 3.704 3. 705 3. 703 3.705 3. 701 3.699 3.701 3.692 3.669 3. 838 28, 314 3.816 29, 1S5 3. 856 29, 790 3.907 30, 534 3. 954 31,919 3.954 35, 700 3. 962 30, 110 3.950 30, 260 3. 953 27, 892 3.929 28, 013 3 798 32, 250 3 629 2 20, 300 30, 100 30,900 34, 500 36, 100 35, 500 32, 700 30 050 COKE Exports thous. of long tons.. Price, furnace, Connellsville dolls, per short ton Production: Beehive thous. of short tons.. By-product .. . -thous. of short tons. Petroleum thous. of short tons.. Stocks, end of month: By-product plants thous. of short tons.. Petroleum, refinery. .. thous. of short tons.. 25 86 45 50 87 52 50 41 28 22 29 42 43 2 21 2.48 2.45 2.45 2. 45 2.45 2.45 2.38 2.34 2.30 2.25 2 25 2 25 45 1,743 94 3, 126 178 87 2, 715 180 76 2, 569 173 70 2, 443 178 78 105 98 82 88 2,389 86 2,310 180 159 2, 276 2,234 2,101 1,996 3,615 3,062 1, 250 3, 256 1,315 3,546 1,391 3, 791 1, 451 4,054 1,516 4,214 1, 473 4,290 1. 499 4,322 1,512 4,179 1,460 3, 839 1,440 3,473 1,436 3,566 1,520 76, 187 3,978 .300 75, 116 67 79, 758 3,588 .238 77, 961 63 80, 672 2, 702 . 434 68, 418 69 75, 094 3,426 .560 63, 636 66 76, 083 4,106 .560 73, 079 65 71, 639 3,604 :?io 72, 851 64 72, 721 4,315 .710 73, 174 64 68, 715 2,047 [710 66, 884 60 63, 814 4,708 .710 62, 484 60 68 502 4,840 .710 67 189 61 71 131 7, 694 .823 67 717 67 95, 362 43, 930 347, 610 41, 734 305, 876 643 94, 587 43, 625 346, 016 41, 007 305, 009 599 94, 633 42, 300 333, 852 39, 021 294, 831 93, 961 41, 888 323, 193 38, 358 284, 840 93, 493 41, 519 319, 906 36, 705 283, 201 93, 673 41, 777 320, 788 36, 566 284, 222 874 643 575 92, 155 42 259 323, 395 40 211 283 184 92, 249 42 547 322 957 42 312 280 645 441. 705 93, 033 42, 431 320, 201 36, 594 283, 607 92, 809 42, 311 320, 577 38, 085 282, 492 445 93, 274 42, 114 322, 566 36, 546 286, 020 2 716 2, 960 2, 183 3, 129 1,488 2, 841 1, 864 2, 628 1, 553 2, 359 1,409 2, 350 1, 833 2, 654 1,392 2, 869 1,890 2,761 2 557 2, 968 2,922 8, 561 9, 181 9,401 9,913 9, 274 9, 796 9, 420 9,412 9, 639 9, 440 8, 984 9, 535 9, 101 9. 922 9, 087 9,589 8, 546 8, 994 9, 949 9 998 11,004 10 481 599 3, 4 JO 4, 053 713 3, 567 694 3, L'sfi 707 3,551 3, 613 3, 3U 3, 0.'.0 3, 447 66 1 3, 388 3,031 2 607 3, 025 3. 136 " TOO o, -11 •6, 500 ::, on i °x .'((] 3N iji 'x ST 41,33'j " °(n 41, .V3 1'7 10-5 45, 434. 27 1^7 .325 2 ft J 64 39. '^7 . 335 23 435 36, 631 J4, (/id 168 168 145 141 87 56 2,089 1, 883 146 149 PETROLEUM AND PRODUCTS Crude peti oleum: 78, 521 Consumption (run to stills) thous. of bbls 4,512 Imports .thous. of bbls. . 5 089 .530 Price, Kansas-Oklahoma dolls, per bbl__ . 860 Production thous. of bbls 77, 164 Refinery operations per ct. of capacity.. 67 Stocks, end of monthCalifornia— 96, 341 Heavy crude and fuel oiLthous. of bbls.. 44, 540 Light crude thous, of bbls 348, 106 East of California, total thous. of bbls.. 41, 819 Refineries thous. of bbls Tank farms and pipe lines thous. of bbls 306, 287 498 Wells completed number . Mexico — 2,808 Exports thous of bbls 3, 080 Production . .. thous. of bbls.. Venezuela — 9,049 Exports . . -thous. of bbls . It, 260 10 G48 9,515 Production thous of bbls Refined products: Gas and fuel oils— Consumption — 512 Mectric power plants tnojb. of bbls._ 3, 60n R'tihoads thnis of bbls t, 286 !, I'll Vu^els, bunker. thous. of bols_. Price, Oklahoma, 2 i-26 refineries . 463 loliG. per M)l . "Jb 'Jo 2 Production llious of b^ 1^ 1 bto"ks, refiner*. , en ^ of mo. linnt- of bbN.. » K j vised. 3,-tJ'J 2-0 U, i^O .3111 27 039 45,3-H l) * As o [ Dec. 1. 744 670 793 5,'d ,., 436 4 H 25 S2> '•' *, r 1.1 SURVEY OF CURRENT BUSINESS July, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 May May June July 43 1933 1931 | NovemDecemSeptemFebruMarch j August January October ary ber ber ber April FUELS AND BY-PRODUCTS—Continued PETROLEUM AND PRODUCTS -Con. Refined products— Continued. GasolineConsumption . tbous. of bbls Exports thous of bbls Exports, value. (See Foreign Trade.) Price, wholesaleDrums, delivered, N. Y. dolls, per galL. Refinery, Oklahoma dolls, per gall .„ Price, retail, service station, 50 cities _. dolls, per gall.. Production — At natural gas plants thous. of bbls., At refineries thous. of bbls.. Retail distribution (41 states) mills, of galls Stocks, end of month— At natural gas plants thous. of bbls._ At refineries _. _thous. of bbls _ Kerosene— Consumption thous of bbls Exports thous. of bbls Price, 150° water white, refinery, Pa. dolls, per gall._ Production _ thous. of bbls _. Stocks end of month thous. of bbls Lubricating oil — Consumption _ thous. of bbls.Price, cylinder oil, refinery, Pa dolls, per gall Production thous. of bbls Stocks, refinery, end of month ._ thous. of bbls. _ Other productsAsphalt— Imports .-thous. of short tons.. Production thous. of short tons.. Stocks, refinery, end of month thous. of short tons.. Coke. (See Coke.) WaxProduction thous. of Ibs Stocks, refinery, end of month thous. of Ibs. > 4 418 35, 999 4 792 .140 .053 .133 .029 858 .052 .174 2 38,637 38, 637 i 33,093 093 .133 .025 39, 246 4,166 39, 470 4,036 36, 670 3, 074 35, 051 3, 325 30, 640 3,723 30, 529 2,540 26, 196 3,300 25, 344 2,721 29, 451 2,901 30, 252 3,568 .133 .029 .133 .043 .143 .034 .143 .038 .143 .047 .128 .032 .123 .032 .123 .036 .135 .041 .143 .053 3,102 33, 093 .122 ,125 .125 .124 .122 .123 .123 .129 .129 3, 814 38, 419 3,521 36, 36, 624 624 3,521 37, 873 3,179 38, 425 3,062 37,016 3,345 38, 030 3,405 35, 792 3,476 35, 563 3,342 33, 007 3,148 31, 265 3,198 31, 789 1,087 1,137 1,214 1,219 1,082 1, 059 957 880 801 752 857 996 46. 413 860 42, 42, 066 066 855 38, 174 722 34, 878 614 33, 401 524 34, 615 641 36, 786 645 40, 202 809 41, 782 875 46, 923 947 47, 220 1,061 46, 957 2 395 1,145 22,104 104 720 2,114 1, 214 2, 678 1, 131 2, 341 1, 057 3,042 1,267 2,906 1,206 3,358 640 2,612 1,184 2,798 734 3, 067 876 3, 292 578 .045 3,389 5,960 .038 3,696 6,869 .038 3,685 6,734 .039 3,239 6, 558 .039 3,701 5,924 .041 3,815 5, 618 .044 3,713 5,332 .046 3,798 5,304 .045 3,200 4,971 .044 3,525 4,539 .046 3,762 4,417 1,865 .042 3,404 6,521 ' 1,615 1,969 1,753 1,549 1, 639 1,211 1,366 1,413 1,190 1,724 1,587 . 118 2,264 ..112 112 2,088 .110 2,337 .134 2,306 .198 2,143 .200 2,267 .181 2, 164 .164 2,049 .153 2,092 .161 1,984 .167 1,946 .103 1,910 10, 119 9,763 9,597 9,289 9,224 9,113 9,422 9,485 9,551 9,747 9,355 9,139 9 304 10 315 314 14 312 12 326 1 314 0 210 0 132 1 131 1 130 2 181 0 211 380 390 343 315 288 276 277 302 308 313 351 391 34 160 34, 37,800 37, 520 42, 000 46, 200 46, 760 45, 360 43, 680 48, 440 200, 836 200, 836 198, 407 192, 198 191, 158 189, 167 35, 840 205, 803 47, 040 36, 680 183, 938 2171,220 2178,082 2176,674 2 182, 974 184, 486 LEATHER AND PRODUCTS HIDES AND SKINS 24,437 Imports, total hides and skins thous. of Ibs... 16,786 4,512 Calf and kip skins thous. of Ibs. _ 1,869 6,812 Cattle hides _.thous. of Ibs... 5,138 6,082 8, 274 Goatskins.. thous. of lbs._ Sheep and lamb skins thous. of lbs_. 3,091 2,544 Livestock, inspected slaughter: 399 Calves thous. of animals.425 704 Cattle . thous. of animals.. 616 3, 940 3,408 Hogs thous. of animals.. Sheep.._ thous. of animals 1,444 1,444 Prices, wholesale: Packers, heavy native steers, Chicago dolls, per lb._ .043 .085 Calfskins, No. 1 country, Chicago I dolls, per Ib .129 .045 Stocks, total, end of month thous. of Ibs.. 275, 576 Calf and kip skins thous. of lbs_. 24,150 Cattle hides thous. of lbs_. 216,400 Sheep and lamb skins thous. of lbs_. 35,026 26, 053 3,646 7,528 9 321 3^313 28, 332 6,211 9,313 7,686 3,472 29,513 5,058 11, 870 7,556 3,368 27,445 3,265 11,934 6, 858 3,360 25, 856 3.164 10,846 5, 533 4,472 20,492 2,327 9,473 4,783 2,333 16,712 2,739 4,261 3,879 3,481 18, 015 2,658 5, 209 4,399 3,755 17,159 2,175 7,115 3,632 2,697 18, 644 2,092 6,167 4,611 4,009 18, 579 2,474 6,406 5,948 2,282 417 667 3,251 1,516 356 706 2,767 1,491 357 727 2, 500 1, 598 393 687 2,955 1,667 407 781 3,772 1,804 355 614 4,218 1,505 388 686 5,387 1,581 347 653 5,027 1,679 360 583 4,590 1,439 420 633 3, 664 1,428 428 650 3,714 1, 497 .078 .076 .066 .064 .050 .078 ' .074 300,468 308,948 29,562 29, 313 237,186 245,477 34,158 33, 720 .065 296,770 24, 851 238,156 33, 763 .069 294, 726 22, 724 238, 286 33, 717 .058 302, 474 22, 360 232, 619 35, 030 .100 .129 269,758 26, 027 34,034 .120 i .139 270, 573 29,033 206,317 35, 223 .113 .090 .077 .082 .129 276,000 28, 325 212, 299 35,376 .098 283,405 27,413 221, 343 34,649 .083 277,523 26,977 217,394 33,152 .085 282.639 27,089 221,891 33,659 309 LEATHER Sole and belting: Exports (sole only) thous. of IDS.. Price, oak, scoured backs (Boston) dolls, per lb_. Production, total thous. of lbs_. Sole only..thous. backs, bends, and sides.. Stocks end of month— Finished thous. of lbs_. In process of tanning thous. of Ibs.. Upper leather: Exports thous. of sq. ft.. Price, wholesale, composite, chrome, calf, black "B" grade dolls per sq. ft... Production thous. of sq. ft.. Stocks, end of monthFinished thous. of sq. ft., In process of tanning thous. of sq. ft.. 172 1,143 459 546 53i .28 .37 18,388 1,034 .37 19,522 1,076 .37 | .40 19,281 i 19, 837 1,097 I 1,160 .39 18,765 1,088 .35 19,531 1,127 .32 I .32 17,053 i 17,111 1,003 ! 1,011 85,848 67, 938 85,626 67,070 81,906 | 81,319 67,212 I 68, 931 80, 773 69,172 83,463 69,850 86,348 i 88,358 5,483 .250 9,211 652 ! 9,234 i 7,403 I 6,635 280 213 I .32 16,673 977 188 .33 15, 070 874 259 .33 16, 642 972 6,529 .350 .356 .352 60,542 i 03,229 j 67,234 LEATHER MANUFACTURES 233,394 i 243,948 | 129,569 ! 112,004 ! 135,060 j 147,622 .31 15, 466 920 44 SURVEY OF CURRENT BUSINESS 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1931 May --<•-.« * * <,.*i July, 1932 June May July 1933 DecemAugust S« October November ber January F |^u" March . April LEATHER AND LEATHER PRODUCTS—Continued LEATHER MANUFACTURES-Contd. Shoes: Exports thous. of pairs__ Prices, wholesaleMen's black calf blucher, Boston dolls, per pair-Men's black calf oxford, lace, St. Louis dolls, per pair-Women's colored calf, Goodyear welt, oxford, average-dolls, per pair_. Production, total thous. of pairs.. Men's thous. of pairs.Boys' and vouths' thous of p-iirs ! Women 's~~_ thous. of pairs. _! Misses' and children's thous. of pairs Slippers, all types thous. of pairs__j All other footwear thous. of pairs.. 84 194 167 1 5.75 6.75 6. 75 6.75 6. 4.25 4.60 4.49 4. 4.35 3.50 3.90 28, 452 6,735 1,647 10, 058 3,128 2,812 4,072 3.90 27,839 7,244 1, G05 9,596 2,835 2. 974 3,585 3. 3.75 ; 28, C 4: 7,3 :9 1 7 ,9 10^4 2,8 3,4 2,8 LUMBER AND MANUFACTURES | 1 LUMBER Exports all types M ft. b. m._ Retail m,ovement: Retail yards, 9th Fed. Res. Dist.— Sales M ft. b. m__ Stocks end of month M ft. b. m Retail yards, 10th Fed. Res. Dist.— Sales --M ft. b. m__ Stocks end of month M ft. b. m 1 120,501 5, 207 68,381 8,451 ! 80, 051 ; 10, 084 79, 017 8, 513 ' 78 274 1 1,743 32, 366 3,42] 38, 816 3. 432 37, 718 2,030 4,102 2, 179 2, 325 22, 852 11, 147 12, 444 11,683 12, 939 52, 598 76, 595 143, 558 120,354 ! 99, 633 89, 502 i 85, 234 1 77, 877 87, 520 84, 433 65, 063 61 304 73 675 9,457 76 554 8,314 ! 73 00? ; 9, 255 ! 6, 379 68 318 65 480 2,932 63 374 2, 808 64 928 1,723 66 638 2, 379 68 575 4, 124 69' 0°5 3,745 37 279 3, 280 36 966 3, 249 '• 36 245 2 599 3, 481 : 35, 207 i 34 718 1, 697 34 183 1 , 593 33 458 1,402 33 054 1 842 33 028 2 159 32 ^3 3,327 4, 245 4,604 ; 4, 955 2 629 ! 3, 116 3, 778 3,315 ' 21, 821 23, 467 3,712 4,772 9 737 3,447 21, 321 3,312 4, 183 2 973 3. 397 21, 130 , 2,783 : 2, 760 3,368 3,778 ! 4, 851 : 3, 775 2 797 2,812 : 3 134 2, 703 ' i 3, 144 2 481 | 20, 189 | 20, 042 20, 216 2 342 5, 083 3 027 1,928 21, 438 1,742 4,911 2 272 1,759 21, 511 2,203 5,072 2 570 2,061 21, 588 2 210 1 4, 648 1 3 424 2 496 i 22; 702 ; 1 925 4, 268 2 646 2 200 22, 940 24, 710 1 21, 065 30, 235 ! 30, 176 20, 984 24, 505 27, 745 23, 131 67, 619 76, 753 26, 390 21, 204 24, 120 25 691 64, 798 18,631 1 16,928 18, 194 ! 17, 590 21, 736 ! 22, 425 21, 464 19 486 65,004 1 65 696 13, 526 14, 334 15, 744 13 907 68 293 16, 676 17, 987 13, 457 12 976 67, 748 17, 537 22, 251 4,098 11, 673 60, 781 8 150 19, 189 7,968 11 359 56, 201 10 442 15, 864 13 101 13 360 57 521 12 090 15, 753 12 091 12 555 56 066 131 370 105 128 105 367 86 109 120 356 68 120 105 315 83 124 113 292 90 116 105 272 101 113 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: OrdersNew -.-. -M ft. b. m__ ! Unfilled, end of month M ft. b. m _ _ Production M ft. b. m._ Shipments - M ft. b. ni_.1 Stocks end of month M ft. b. m.. 15, 973 15, 589 19, 299 18, 203 i 67, 103 Hardwoods Hardwoods, total (Southern and Appalachian districts) : ; OrdersNew mill. ft. b. m _ _ Unfilled end of month mill. ft. b. m Production mill. ft. b. m.j Shipments mill. ft. b. m J Stocks total end of month mill. ft. b. m_. Unsold stocks mill. ft. b. m _ _ Gum: Orders, unfilled, end of month-mill, ft. b. m__ Stocks total, end of month mill. ft. b. m _ _ i Unsold stocks -mill. ft. b. m.J Oak: ! Orders unfilled, end of month.mill. ft. b. m_J Stocks total, end of month mill. ft. b. m._ Unsold stocks mill. ft. b. m _ _ Northern hardwoods: Production - _ _ M ft. b. m. Shipments.. _ M ft. b. m. J Walnut: OrdersNew __ M ft. b. m._ Unfilled, end of month M ft. b. m._i Production M ft. b. m.J Shipments M ft. b. m _ _ i Stocks end of month _ -M ft. b. m. J Softwoods i | i 158 431 146 169 176 419 143 161 139 402 109 139 131 1 375 ' 101 143 3 0?0 2, 645 2,915 2, 542 2 893 2 524 2 854 2 487 2,791 2, 434 2 734 2,419 2 671 2 379 2 648 2 376 3 149 2, 718 3. 126 2,707 3 0659 2 66 100 686 586 108 683 575 102 653 551 92 634 542 98 615 518 91 607 516 92 595 504 84 560 476 80 549 470 69 542 473 70 532 463 69 528 460 105 914 809 88 890 803 81 864 783 70 853 783 79 840 761 85 827 742 85 813 728 95 805 711 87 775 688 76 748 64 710 646 64 70R 64] 10 820 10, 330 11,878 11,690 6 173 9 846 5 864 13, 445 3 210 14, 907 2,617 15, 378 3 517 12, 690 6 382 12, 137 8,220 12, 435 9 900 11, 892 8 268 5 432 1, 181 3, 151 1.382 1, 277 15, 990 2,918 1,075 1, 223 15, 837 996 1,574 2,981 1,252 2,821 887 1,472 13,926 1,861 i 2,934 ! 1,037 ! 1,786 i 13, 176 1, 463 2,173 1,405 1,720 12, 825 1, 148 2,101 1, 110 1,121 12, 745 12, 606 12, 279 662 12,880 36,714 21, 874 29, 549 19, 007 29, 448 20, 737 41, 785 21, 468 21,362 13,324 151, 305 81, 472 135, 637 105, 197 115, 046 85, 501 125, 789 113, 703 624 1, 853 14 543 ! Fir, Douglas: * Exports— 45,308 l! 38,787 47, 766 53 088 69 043 Lumber M f t . b. m 19 326 25, 155 18,020 Timber . _..Mft. b. m..1 18' 233 55, 586 35, 718 18, 186 Orders— New . M ft. b. m 107 883 188, 907 191, 146 181,297 188,460 i 158,915 135, 637 162, 944 165, 630 111,017 | 125,341 Unfilled, end of month M ft. b. m_. Prices, wholesale10.97 j 11.27 11.64 11.25 10.64 No. 1 common dolls, per M ft. b. m _ j 9.63 Flooring, 1 x 4, ' ' B " and better 25.29 25.48 dolls, per M ft. b. m _ _ 25.76 28.33 25.98 21.72 Production _M f t . b. m. 99, 826 206,813 199, 651 149, 067 171,897 ! 155,334 Shipments M ft b m 112 360 221 586 197 413 173 240 175 030 • 166, 525 Hemlock, northern: 10, 128 9,991 i 4,804 9,893 10, 013 Production - __ _ _ M f t . b. m 9 554 8 640 7 864 i 7,531 Shipments M ft b in 7 894 Pine, North Carolina: 24,276 24,640 27. 013 30, 233 30, 338 Production __ - M f t . b. m 30, 408 32,375 i 33,320 34, 293 31. 780 Shioments M ft. b. m._ * Data for May, August, October, and December are for 5 weeks; other months 131 374 105 135 131 387 105 131 2,960 2, 559 786 1,974 886 915 691 861 1,680 486 837 11.21 11.23 11.09 11.40 25. 63 149, 962 162 049 24.35 115,941 126 684 23.51 102,511 113 703 22.84 99, 378 118 627 3, 928 7 811 3, 581 6 366 3,028 4 461 3,443 4 682 27, 370 33, 110 26, 670 35, 350 25, 760 30, 310 4 weekS4 673 ' 1,761 528 ! 721 1 516 483 738 12 600 : 18 786 26 437 112,360 ! 114 150 111,017 i 101, 168 10.25 22 344 4 150 9 106 540 9,90 9.52 22.49 ' 21.87 115,941 1 102 511 96 244 115 941 22. 42 102 511 12° 65C 3,940 3 465 »Revised. 3,983 4 352 SUEVEY OF CUEKENT BUSINESS July, 1932 1933 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey May 45 1931 May June July 1933 August SeptemOctober November ber D ^'| January!^- March 1 April 1 LUMBER AND MANUFACTURES—Continued LUMBER— Continued Softwoods— Continued Pine, northern: Orders, new _.M ft. b. m__ Production Mft. b. m__ Shipments M ft. b. m._ Pine, southern: ExportsLumber 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 Production M ft. b. m__ Shipments M ft. b. m__ Redwood, California: OrdersNew M ft. b. m.. Unfilled M ft. b. m Production M ft. b. m._ Shipments M ft. b. m-. FURNITURE Household: Grand Rapids district— OrdersCanceled... per cent of new orders.. New .. . ._ no. days' production Unfilled, end of month no. days' production Outstanding accounts, end of month no. days' sales Plant operations per cent of full time.. Shipments no. days' production Southeastern districtOrders, unfilled, end of month _ _ dolls., average per firm Shipments dolls., average per firm Prices, wholesale— Beds 1926=100 Dining-room chairs, set of 6 1926=100_. Kitchen cabinets 1926=100 . Living-room davenports 1928 = 100. _ Steel furniture. (See Iron and Steel Section.) 6, 286 11,421 6,689 18, 140 7, 969 | 12, 476 11, 159 17, 657 11, 622 9,850 12, 459 10, 791 10, 119 9, 931 10, 420 9,043 3,717 10, 857 8,957 1, 396 9,657 7,079 0 7,837 7, 673 0 5,572 7,284 0 7,401 7,812 0 8,829 7,477 0 8,264 6,543 2,267 8,588 27, 288 4 772 34, 067 5 827 30, 278 12 535 29, 925 8 745 21, 956 7 888 18, 936 5 663 20, 895 5 017 18, 425 4 056 25, 793 8 636 16, 457 3 931 20, 039 3 668 20, 105 4 320 22, 905 9 836 102 802 61 740 19 60 100, 303 101, 528 157 920 83 958 28 82 148, 048 165, 004 140 322 83 475 28 15 126.739 138, 663 146 860 83 013 27 82 121, 994 151, 488 151 484 82 551 27 78 119, 828 155, 511 138 204 74 235 27 21 116, 511 142, 170 134 757 58 464 26 49 117,241 142, 254 111 307 62 013 26 31 110,803 108, 668 72 751 50 925 26 31 77, 749 73, 059 105 553 60 837 25 16 79, 979 99, 001 119 329 73 773 22 74 88, 727 117, 478 126 728 76 668 21 22 104, 114 122, 706 110,397 62 475 20 91 106, 224 116,963 14, 887 22 153 10, 702 16, 326 19, 220 20 237 17, 616 21, 568 19, 321 20 376 16, 429 18, 253 16, 576 19 331 14,717 18, 131 15, 386 17 380 16, 270 17, 323 16, 007 17 585 14, 760 15, 734 18, 636 20 485 15, 931 17, 055 16, 383 21 229 14, 436 15, 333 11, 079 17 138 14, 684 15, 025 17, 133 21 932 13,616 13, 077 17, 555 23 987 12, 202 14, 984 18, 999 24 374 14, 523 17, 545 17, 053 24 043 12, 292 16, 545 18.0 6 13.0 9 4.5 27 6.5 13 7.0 15 8.0 16 8.5 14 6.5 15 8.0 11 5.0 16 14.0 11 9.0 9 17.0 7 11 23 22 20 15 11 13 12 17 13 10 7 21 42.0 6 31 70.0 11 32 74.0 12 32 80.0 14 36 73.0 16 39 72.0 19 38 83.0 17 35 72.0 12 31 56.5 11 32 68.0 11 33 73.0 13 29 59.0 11 26 540 7 19, 338 46 431 56, 865 43 077 47, 997 55 063 47, 706 59 223 42, 180 66 042 22, 100 64 122 16, 268 35 388 14, 469 23 519 24, 278 33 632 18, 469 46 304 15, 427 37 944 86 8 94.0 102.9 89.8 85 2 93.0 102.9 89.8 85 2 92.1 102.9 88.6 82 9 92.1 102.9 88.2 80 4 92.1 100.1 84.2 73 1 91.0 100. 1 82.0 73 1 91.0 100.1 82.0 73 1 91.0 100.1 74.2 70 3 91.0 95.3 74.2 68 8 91.0 95.3 74.2 68 8 91.0 95.3 74.2 68.8 91.0 95.3 69.8 68 6 89.5 95.3 69.8 METALS AND MANUFACTURES IRON AND STEEL Foreign trade, iron and steel: Exports long tons Imports long tons.Price, iron and steel, composite dolls, per long ton-Sales, iron, steel, and heavy hardware 1921=100 80 477 33, 474 95, 046 29,689 75, 577 30, 987 84, 465 28, 255 73, 338 21, 898 69, 778 24, 509 59 335 23, 335 59 556 23, 104 57, 263 18, 125 40, 660 25, 346 40, 492 20, 302 49, 927 35, 434 58, 118 29, 414 29.62 31.39 31.02 31.05 31.05 31.03 30.81 30.61 30.32 29.98 29.56 29.62 29.75 83 129 124 117 110 112 109 91 81 68 70 78 88 2,675 194 2,114 122 1,832 128 1,652 92 1,470 99 1,451 70 1,311 94 1,230 90 1,154 89 1,174 77 1,256 46 1,040 90 599 656 1,769 2,369 1,428 3,808 3,191 1,735 4,956 3,229 1,658 5, 065 2,873 1,440 4,179 2,029 1,162 3,094 457 277 421 0 0 0 0 0 0 o 0 0 0 0 0 0 26 44 27, 115 21, 968 5,147 28,713 23, 556 5,157 31, 817 26, 451 5,366 35, 071 29, 385 5,686 37, 972 31, 998 5,974 39, 767 33, 687 6,080 39, 232 33, 184 6,048 38, 010 32, 136 5,874 36, 893 31, 083 5,810 35, 742 29,975 5,767 34, 491 28, 774 5,717 33, 479 27, 962 5,517 21 37 38 22 27 21 9 8 17 3 2 14 Ore Iron ore: Consumption by 918 furnaces thous. of long tons.. Imports . thous of long tons 80 Receipts: Lake Erie ports and 39 furnaces . thous. of long tons 79 Other ports thous of long tons 111 Shipments from mines._thous. of long tons.. Stocks, total, end of month 32, 700 thous. of long tons At furnaces thous. of long tons_. 27, 167 Lake E rie docks thous. of long tons 5,533 Manganese ore imports (manganese content)* 2 thous. of long tons__ Iron, Crude and Semimanufactures Castings, gray-iron: OrdersNew av. tons per foundry i Unfilled, end of month _.av. tons per foundry.. Production av. tons per foundry Receipts (materials)— av. tons per foundry.. ! Stocks (materials) av. tons per foundry. _ Castings, malleable: Orders, new... short tons_. Production ... short tons Per cent of capacity Shipments short tons Pig iron: Furnaces in blast, end of monthCapacity -long tons per day ! Number _ " Imports from Cuba not included. 56 105 82 92 79 82 86 55 58 66 69 60 80 49 77 85 252 77 126 134 232 60 108 123 229 70 101 117 226 70 99 123 231 68 111 137 260 67 96 118 243 48 77 87 225 40 69 72 215 56 70 103 248 55 71 82 240 59 69 77 258 64 67 76 266 17, 297 17, 430 18.7 18, 953 28, 716 31, 964 32.1 36, 957 22, 495 24, 248 24.5 28, 602 19, 667 20, 223 20.0 23, 985 18,705 18, 821 18.9 20, 904 17, 854 18, 485 18.6 18, 727 18, 558 20, 444 20.4 17, 802 18, 971 17, 984 18.3 18, 336 19,811 21, 503 21.5 20, 206 22, 036 22, 216 23.5 21, 572 19, 709 21, 578 23.1 21, 325 18, 046 19, 597 20.5 21 337 17, 630 16, 758 18.0 18, 328 22, 965 53 61,085 105 50, 855 91 45,230 ! 39, 085 82 76 38, 600 73 36, 530 70 35, 810 67 29, 365 56 30, 630 61 32, 880 64 29, 135 60 27, 730 60 SURVEY OF CURRENT BUSINESS 46 1933 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey May July, 1932 1932 1931 June May uly August Novem- DecemJanuary « October ber ber February S Ma April METALS AND MANUFACTURES—Continued IEON AND STEEL— Continued Iron, Crude and SemimanufacturesContinued Pig iron— Continued: Prices, wholesale— Basic (valley furnace) .dolls, per long ton.. Composite pig iron dolls, per long ton.. Foundry, No. 2, northern (Pitts.) dolls, per long ton.. Production thous. of long tons. 14.20 15.05 16.25 16.64 15.50 16.40 15.50 16.38 15.50 16.38 15.50 16.32 15.25 16.23 15.00 16.02 15.00 15.86 15.00 15.55 14.63 15.36 14.50 15.26 14.50 15.20 16.59 784 18.76 1,994 18. 76 1,639 18.76 1,463 18.76 1,281 18.76 1,169 18.39 1,173 17.76 1,103 17.46 980 17.36 973 17.02 964 16. 89 967 16.89 853 178, 101 201, 956 208, 072 158, 495 156, 769 155, 723 195, 946 257, 941 166, 923 159,568 213, 852 288. 422 1,069,407 1,088,609 1,105,878 978; 351 105, 181 247, 732 270, 880 842, 371 75, 683 146, 023 147, 698 740, 613 55, 602 83, 230 83, 494 705, 124 131, 871 54,274 44, 848 770, 108 77, 122 57, 713 55, 970 783, 264 41, 824 64, 691 57, 571 760, 398 23,904 61, 706 62, 025 707, 537 Iron, Manufactured Products Cast-iron boilers: Boilers, gas-fired — Production Shipments, quantity Shipments, value Stocks, end of month B oilers, range— Orders — New .. . Unfilled, end of month, 12, 416 174, 244 thous of B t u thous. of B. t. u__ 57, 723 154, 650 dollars 55, 874 148, 749 thous. of B. t. u._ 666, 109 1,014,298 no. of boilers total no. of boilers Delivery, 30 days or less__no. of boilers.. Delivery, more than 30 days _uo. of boilers Production no of boilers Shipments no of boilers Stocks, end of month no. of boilers.. Boilers, round — Orders, new _ -thous. of IDS.. Production thous. of lbs_. Shipments thous. of lbs__ Stocks, end of month thous. of lbs._ Boilers, squareOrders, new --thous. of Ibs Production thous. of Ibs Shipments thous. of Ibs Stocks, end of month thous. of lbs_. Boiler fittings, cast iron: Production _. short tons Shipments short tons Boiler fittings, malleable: Production short tons Shipments _. short tons Radiators: Orders, new thous. of sq. ft. heating surface Production, .thous. of sq. ft. heating surface __ Shipments ...thous. of sq. ft. heating surface.. Stocks, end of month thous. of sq. ft. heating surface.. 44, 406 41, 768 39, 428 39, 066 35, 674 42,109 46, 680 37, 427 26,066 40, 816 36, 059 40, 250 40, 148 7, 890 5,974 16, 620 9,944 15, 047 12,752 8,077 5,922 10, 115 8,054 10,470 8,470 ! 7,023 5,423 7,520 6,309 6, 992 6,092 8,790 7,240 7,466 5,760 6, 327 4,789 6, 437 4,787 1,916 42, 957 42, 953 24, 694 6,676 43, 799 41, 744 28, 565 2, 295 42, 012 41,001 29, 576 2, 155 44,611 46, 036 28, 151 2, 061 32, 003 33, 636 26, 518 2, 000 39, 211 41, 754 23, 975 1,600 51, 769 50, 127 25, 617 1,211 37, 918 36,930 I 26, 605 900 32, 862 26, 743 33, 464 1,550 32, 975 39, 018 27, 421 1,706 36, 883 37, 383 26, 921 1,448 40, 738 41,479 26, 180 1,650 38, 458 39, 948 24, 690 " 2,392 2, 685 37, 920 4, 525 5, 069 4, 787 59, 770 4, 948 4'. 654 5, 05 o 59, 876 5, 520 3,977 6,071 57, 274 7, 204 4,662 7, 309 53, 558 9,148 4.678 10,262 48, 095 11,731 6, 502 13, 923 41, 257 8,406 5, 228 8,497 36, 872 4, 194 3,159 5, 094 35,411 4,317 3,035 : 36,036 4,466 2.857 36,846 3,931 2, 891 38, 026 2, 559 2,309 38, 308 10. 049 12.200 13, 256 11,422 141, 522 14, 765 13, 028 15, 184 139, 469 19,967 15, 264 19,413 137, 143 22, 547 14. 231 25, 328 124, 657 27, 999 19, 751 31.479 113, 226 19, 029 11, 741 19, 137 106, 617 10, 908 7,964 12, 193 101, 777 14,246 i 15,179 8,275 i 7,300 108,388 ; 115,244 15, 783 8, 037 122, 630 12, 984 6,315 128, 690 2,206 3, 195 2, 052 2,552 1,678 2,919 5, 874 ! 13, 140 6,868 9, 537 128, 244 139,, 773 1, 863 3, 189 4, 976 5., 088 4, 165 4,508 4, 059 4 ; 779 3. 650 4, 442 4,592 5,822 5. 475 7, 638 5,381 4, 778 3,621 3,564 2,861 3, 852 1, 526 2, 471 2,784 2 365 2,489 2 114 2, 330 1,959 2,041 2,466 2, 964 2 973 3,' 610 2,412 2,026 1,620 1,609 1,602 1,627 : 1, 925 1,464 1,518 1,133 1,344 1,243 2,262 1,857 2,726 4,863 5,164 5,003 6, 428 5,025 5,759 6,606 4,194 6,834 8, 365 4,572 7,960 8, 508 5, 090 9,262 10, 342 7,292 11, 282 8,302 5,560 8,465 4,413 3,489 5,627 4, 867 3,257 : 5, 185 2,683 5,027 2,412 3,070 2,367 38, 748 50, 953 50, 183 47, 414 44, 834 40, 549 36, 798 34, 388 32, 225 36, 153 38, 856 39,586 160,503 22 128,131 * 72, 399 261,304 2101,403 22 77, 100 193,890 108,155 2 68, 933 266,078 287,335 74, 823 786,580 2 806,556 825,659 » 820,939 | 2 841,285 2 841,230 51, 922 69, 452 824, 636 33, 681 Sanitary Ware Bathroom accessories: Production no. of pieces Shipments no. of pieces.. Stocks, end of month no. of pieces Enameled sanitary ware:* Baths— Orders— New no of pieces Unfilled, end of month no. of pieces.. Shipments. no of pieces Stocks, end of month no. of pieces LavatoriesOrders— New __ no. of pieces Unfilled, end of month no. of pieces Shipments no of pieces Stocks, end of month ... no. of pieces Sinks kitchenOrders— New _ number of pieces Unfilled, end of month number of pieces Shipments number of pieces Stocks, end of month number of pieces Miscellaneous— OrdersNew . number of pieces Unfilled, end of month number of pieces Shipments number of pieces Stocks, end of month number of pieces Enameled sheet metal ware, shipments dozen pieces Price, wholesale, plumbing fixtures (6 pieces) .__ .dollars.. Porcelain enameled flatware: Orders, new, total . . dollars Signs dollars Table tops. dollars Shipments, total dollars Signs . dollars.. Table toos dollasr* Not available 2 212,074 \204,449 2 817,167 193, 434 519, 270 216, 077 90, 377 528, 084 222, 803 91.527 2 2 2 218,266 214,194 821,339 2 2 2 159,200 22 170,356 22 169,515 173,303 154,693 166,187 807,136 2822,799 2 835,127 2 2 2 42, 991 17, 466 45, 512 152, 206 43, 228 17, 110 43, 584 145, 140 46,704 15, 892 47, 922 138, 759 35, 463 13, 722 37, 633 139, 496 33, 578 12, 320 34, 980 134, 392 35, 703 12, 001 36, 022 131, 858 24, 445 10, 973 25,473 126, 718 13, 686 8,866 15, 793 129, 726 51, 395 19, 702 54, 520 218, 067 49, 181 18, 308 50, 575 209, 841 53, 226 17, 949 53, 585 192, 552 43, 521 16, 208 45, 262 190, 226 41, 489 14, 325 43, 372 176,825 43, 238 12, 600 44, 963 169, 509 30, 269 12, 025 30,844 161,911 17,083 10, 161 18, 947 162, 033 54, 693 19, 566 56, 845 260, 426 49, 928 17, 818 51, 676 255, 269 52, 241 16, 196 53, 863 245, 354 43, 174 14, 463 44, 907 236, 005 43, 518 14,911 43, 070 226, 440 44, 287 12, 761 46, 437 224, 726 34, 997 13, 595 34, 163 212, 783 19, 786 10, 286 23, 095 212, 825 21, 243 12, 501 24, 490 101, 673 27, 463 13,511 26, 453 98, 384 27, 106 11,535 29, 082 94, 260 27, 324 10, 786 28, 073 86, 455 21,911 10, 466 22, 231 86, 640 26, 854 11, 145 26, 175 86, 401 17, 418 10, 845 17, 718 83, 492 8,959 9, 034 10, 770 82, 487 264, 953 232, 672 246, 858 251, 544 307, 068 255, 782 197, 080 233, 267 198, 878 270, 198 276, 725 99. 16 98. 96 98.91 97.77 96.32 96.12 94.15 93. 52 88. 32 88. 42 84.37 716, 502 283, 526 148, 700 739, 656 290, 429 151.647 637, 688 249, 455 132, 869 706, 838 290, 032 140, 545 564, 093 170,313 1 28; 350 638,431 229, 459 131,675 701, 487 213, 856 175, 642 704, 428 222, 332 180, 650 706, 284 465,431 206, 012 159, 107 205, 756 i 110,963 692, 415 492, 242 182, 077 168. 489 201. 935 123, 793 451, 740 224, 287 83, 056 512, 019 268. 259 88', 218 649, 894 245, 943 168, 362 690, 801 278. 732 103. 979 • since December, 1931; expected to be resumed. 2 537,926 234,015 97, 390 381,607 141,231 94,920 He vised. j 453,141 2 i 207,824 2 : 72, 821 i 461,070 2 ; 187.287 2 i 76.662 1 567,804 261,356 94, 843 578,134 279,656 93. 174 i 195, 540 532, 439 236, 565 78, 238 546, 255 230, 164 84. 497 47 SUKVEY OF CURRENT BUSINESS July, 1932 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey May 1933 1931 May June July Decem- January October November ber August Febru- | March ary April METALS AND MANUFACTURES—Continued IRON AND STEEL—Continued Sanitary Ware— Continued Porcelain plumbing fixtures: OrdersNew, net number of pieces Unfilled end of month__number of pieces. . Shipments _ number of pieces Stocks, end of month number of pieces.. Vitreous china plumbing fixtures: OrdersNew, net number of pieces Unfilled, end of month.. number of pieces.. Shipments number of pieces.. Stocks, end of month number of pieces.. Woodwork, plumbers': OrdersNew, net number of pieces.. Unfilled, end of month. .number of pieces.. Shipments number of pieces.. Stocks, end of month number of pieces.. 1,465 3,289 1,519 16, 302 4,824 11,387 4,665 28, 394 6,213 10, 804 5,237 27, 850 5,796 10, 476 5, 577 24, 641 4,571 7,697 5,761 25, 236 4,740 7,104 4,533 23, 450 3,142 5,887 3,683 21, 957 2,918 6,072 2,544 19, 597 2,025 4,832 2,094 17, 992 2,000 3,796 2,951 16, 715 1,424 3, 548 1,631 16, 328 2,072 2,571 1,748 16, 117 1,244 3,379 1,275 16, 309 119, 922 200, 855 128, 574 593, 268 136, 285 202, 591 134, 549 574, 304 121, 324 188, 623 135, 292 554, 939 122, 977 172, 595 139, 005 533, 305 116,794 161, 435 127, 954 529,531 182, 938 188, 969 155, 404 506, 901 135, 931 199, 009 125, 891 501, 972 96, 004 192, 863 102, 150 522, 721 76,119 156, 753 112,229 524, 131 70, 918 136, 593 91, 078 536, 245 89, 048 140, 020 85, 619 570, 727 116, 036 141, 423 114, 633 560, 152 92, 254 69, 355 98, 447 149, 500 135, 674 119,578 125, 652 211,972 122, 642 114, 821 126, 368 200, 227 101, 784 108, 080 108, 525 211,622 106, 928 96, 650 118, 358 203, 213 110,372 100, 556 106, 466 199, 308 100, 275 89, 409 111,422 191, 933 100, 194 88, 895 100,708 190, 034 99, 791 88, 150 100, 536 201, 837 84, 514 79, 233 93, 431 167, 562 78, 293 2 80, 726 79, 027 2 74, 732 78, 499 2 84, 776 166, 779 2161,985 2 80, 226 2 75, 548 85, 643 158, 860 14, 406 22, 768 16, 360 14,413 12, 600 11, 576 13, 034 12, 182 13, 808 15, 457 12, 810 9,901 11,818 11,340 2, 843 8 14, 457 3,010 10 39, 052 11, 306 27 43, 154 12,071 30 26, 136 7,597 18 35,018 9, 410 24 32, 869 13, 621 23 31, 751 8,412 22 27, 458 6,848 19 30, 186 8, 657 21 23, 073 6, 023 16 26, 948 7, 265 19 22, 854 6,961 16 24,113 7, 366 17 20, 001 7,169 23, 139 7, 001 16 20, 799 6. 936 14 22, 064 6, 166 15 17, 344 4,279 12 18, 456 4, 666 13 17,015 3,400 12 18, 759 4,265 13 16, 588 4,005 11 20, 4G4 4,370 14 2 12, 801 2, 889 9 2 17, 474 3. 895 12 1, 107 20 2, 506 45 2, 076 38 1,886 34 1, 719 31 1,548 28 1, 592 28 1, 594 30 1,302 24 1,461 27 1,460 28 1,411 25 1, 240 23 Steel: Crude and Semimanufactured Bars, steel, cold finished, shipments .short tons.. Castings, steel: Orders, new, total short tons Railroad specialties short tons Per cent of capacity Production, total short tons_Kailroad specialties short tons Per cent of capacity _. Ingots, steel: Production thous. of long tons.. Per cent of capacity _. _ Prices, wholesale: Composite, finished steel dolls, per lb— Steel billets, Bessemer (Pittsburgh) dolls, per long ton.. Structural steel beams (Pittsburgh) dolls, per Ib _ Steel scrap, Chicago dolls, per gross ton.. U. S. Steel Corporation: Earnings, net _. _ thous. of dolls.. Orders, unfilled, end of mo . thous. of long tons.. . 0217 . 0221 . 0219 .0220 . 0219 .0220 .0218 .0218 .0216 .0211 .0211 .0217 .0217 27.00 29. 50 29.00 29. 00 29.00 29.00 29. 00 29.00 28.80 27.75 27.00 27.00 27.00 .0160 6.40 .0165 8.88 .0165 8.75 .0165 8. 75 .0160 8.38 .0160 8.20 .0160 8.00 .0160 8.00 . 0160 7.80 .0151 7.50 .0153 7. 16 . 0156 7.13 .0160 7.00 4, 183 4, 499 3, 662 2, 960 2,559 1,690 1,249 1,032 3,620 3,479 3, 405 3,169 3, 145 3,119 2,934 2,735 2,648 1,053 610, 788 43.1 618, 801 42, 315 1,078 552, 955 38.9 549, 781 45, 489 939 580, 565 40.7 581, 450 44, 604 1,030 449, 590 31.6 455, 502 38, 692 914 451, 562 31.7 452, 960 37, 294 638 489, 555 35.3 492, 145 34, 704 549 453, 547 32.7 444, 201 44, 050 620 382, 483 27.9 385, 435 35, 179 925 359, 685 26.2 352, 135 42, 729 564 624 642 788 652 786 560 797 659 864 435 644 401 471 383 399 267 282 245 204 373 264 241 245 1,306 897 1,305 1,272 948 1,221 1,092 966 1,074 1,010 919 1,057 1,059 790 1,188 1,114 826 1,078 910 780 956 911 615 1,075 967 605 977 751 548 808 794 562 781 689 497 754 506 480 409 452 483 449 328 441 371 307 390 358 304 383 310 304 378 310 267 419 226 295 273 299 267 272 269 212 255 229 265 260 259 192 261 191 312 313 255 172 269 339 243 122 239 313 265 96 221 314 221 84 189 301 202 83 184 2264 222 85 187 238 212 80 183 189 210 81 167 225 131 121 220 279 165 115 166 209 237 99 2 157 2215 2150 92 26, 210 2,411 22, 806 4,679 27, 261 4,136 24, 282 1,138 33, 473 4,024 20, 839 1,955 18, 268 1,755 16, 442 778 17, 613 4,783 17, 755 4,115 12, 564 1,161 2 14, 074 2 1,406 148, 612 296, 731 201, 846 56.6 191, 942 169, 444 82, 532 163, 599 304, 107 147, 843 40.3 156, 160 168, 013 75, 618 144, 461 203, 358 174, 890 46.3 178, 460 160, 959 77, 953 122, 849 170, 122 123, 752 34.9 151, 529 149, 533 75, 288 120, 688 167, 366 116, 842 32.0 123, 371 143, 153 67, 337 117, 195 159, 367 122, 739 33.1 129, 365 137, 243 70, 465 102, 867 147, 169 102, 758 26.7 94, 975 133, 296 74, 763 99, 706 119, 677 101, 570 26.3 103, 400 128, 540 80, 191 121, 2S8 126, 508 118, 921 31.2 112,971 119, 288 73, 540 108, 441 118,022 124, 157 32.5 116, 715 124, 342 72, 857 101, 559 102, 171 110, 559 29.0 117, 685 124, 008 68, 677 103, Oil 99, 510 101, 559 26.6 104, 637 116, 339 71,318 152, 400 38 145,200 36 7,453 172, 400 43 159, 200 40 5, 705 159, 600 40 180,800 45 4, 409 124, 000 31 167, 600 194, 400 49 149, 200 37 3,472 109, 200 27 143, 600 36 2,162 90, 800 23 111,600 28 1,948 < rJeficit for quarter. 97, 600 24 122, 800 31 2. 373 48, 400 12 65, 600 16 2, 936 62, 000 16 78,000 20 2, 765 64, 400 16 82, 400 21 3, 229 2 64, 800 16 2 68, 400 17 3, 340 2,177 4 2,546 1, 137 2,472 2,327 Steel: Manufactured Products Barrels, steel: Orders, unfilled, end of month 973 __ . _ thous. of barrels .Production number of barrels- 427, 299 30.0 Percent o f capacity .___ 425, 662 Shipments number of barrels Stocks, end of month number of barrels.. 35,817 Boilers, steel, new orders: 264 Area thous. of sq. ft.. 271 Quantity number of boilers Furniture, steel: Business group—Orders— New __ thous. of dolls. . 634 Unfilled, end of mo _ thous. of dolls. . 478 Shipments thous of dolls 653 ShelvingOrders— 152 New thous. of dolls-217 Unfilled, end of month __ thous. of dolls .. Shipments _ _ thous. of dolls 196 Safes: Orders120 New thous. of dolls Unfilled, end of month thous. of dolls.. 220 Shipments . _ . thous. of dolls. . 115 Lock washers, shipments thous. of dolls, _ 102 Plate, fabricated steel, new orders, total short tons . 13,018 Oil storage tanks short tons 2,310 Sheets, black, blue, galvanized, and full finished: Orders91, 414 New short tons Unfilled, end of month short tons.. 85, 228 Production, total short tons . 96, 180 25.8 Per cent of capacity Shipments short tons.. 106, 893 121, 366 Stocks, end of month, total short tons.. Unsold stocks ..short tons.. 74, 966 Galvanized sheet metal ware. (See Nonferrous metals.) Structural steel, fabricated: Orders, new short tons— 90, 800 23 Per cent of capacity Shipments short tons.. 72, 400 18 Per cent of capacity 3, 061 Track work, production short tons.. 2 Rev ised. 3, 924 1, 139 1,176 2 1, 029 367, 472 2452,294 2 447, 379 25.3 231.3 31.3 369, 882 2453,621 2 s452, 191 34, 180 40, 319 2 38, 992 48 SURVEY OF CURRENT BUSINESS May 1 g 1932 1931 1932 $ Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey July, 1932 May Se June i July m August | ^^ " October ^ " ^ ccem- jamiarv February N( m March j April METALS AND MANUFACTURES—Continued MACHINERY AND APPARATUS Air-conditioning equipment: Orders new total thous. of dolls. . 795 Air-washer group thous. of dolls.. 111 Fan group thous. of dolls. . 414 270 Unit-heater group thous. of dolls. . Electric overhead cranes: OrdersNew thous. of dolls. . 47 Unfilled, end of month thous. of dolls396 Shipments _ thous. of dolls48 Electrical equipment. (See Nonferrous metals.) Electric hoists: Orders, new — Quantity no. of hoists96 Value dollars- 32, 379 Shipments dollars. . 41, 798 Exports, machinery. (See Foreign Trade.) Foundry equipment: Orders— New 1922-1924 = 100- Unfilled, end of month 1922-1924 = 100- . Shipments..1922-1924 = 100.. -Fuel equipment: Oil burnersOrders— New no. of burners. „ Unfilled, end of month... no. of burnersShipments no. of burners-Stocks end of month no. of burners. . Pulverized fuel equipmentOrders, new, central system— Furnaces and kilns. ..no. of pulverizers.. Water-tube boilers no. of pulverizers.. Orders, new, unit system—• Fire-tube boilers no. of pulverizers. . Furnaces and kilns.-.no. of pulverizers _. Water-tube boilers. ...no. of pulverizers .. Stokers, large, mechanical, new ordersNumber Power horsepower __ Machine tools: OrdersNew __ .1922-1924 =100Unfilled, end of month 1922-1924=100-. Shipments __ 1922-1924 =100Pumps: Domestic, water, shioments— Pitcher, hand, and windmill-.no. of units.. Power horizontal type ...no. of units. _ Measuring and dispensing, shipments—• GasolineHand operated .no. of units.. Power no. of units . Oil, grease, and otherHand operated no. of units.. Power .no. of units . Steam, power, and centrifugalOrders —• New _thous. of dolls.. Unfilled, end of month .-thous. of dolls.. Shipments thous. of dolls. _ Water-softening apparatus, shipments number of units.. Water systems, shipments.. .number of units.. "Woodworking machinery: OrdersCanceled thous. of dolls. _ New _ . thous. of dolls.. Unfilled, end of month thous. of dolls.. ShipmentsQuantity number of machines.. Value thous. of dolls.. NONFERROUS METALS AND PRODUCTS Metals Aluminum: Imports bauxite jshort tons.. Wholesale pricesNo. 1, virgin, 98-99, N. Y dolls, per lb_. Scrap, cast, N. Y_. dolls, per lb.. Babbitt metal: Production, total-. thous. oflbs.. For own use thous. of lbs__ Sales .thous. of IbS— •Copper: Exports refined short tons.. Imports total short tons Ore and blister short tons Price, electrolytic, New York— dolls, per lb._ Production — Blister, world short tonsMines, United States— ..short tons. Refined (North and South America). short tons.. Smelter, United States ..short tons.. Shipments, domestic, refined short tonsStocks, end of month (North and South America)— Blister short tons.. Refined short tons.. * Revised. 1,738 215 831 2693 1,622 139 852 631 1,796 104 889 803 1,449 287 621 740 1,516 81 620 2814 1,576 98 630 848 1,387 85 642 660 1,108 75 514 519 753 30 361 363 703 69 388 246 2688 2383 239 709 92 386 230 307 1,413 310 261 1,264 410 160 990 435 91 736 345 84 581 235 73 497 157 44 435 102 70 372 138 65 383 40 56 396 57 52 411 37 31 397 46 293 142, 692 115, 809 220 109, 245 122, 189 192 90, 964 142, 143 203 85, 526 73, 163 132 63, 032 81, 465 165 71, 451 62, 493 104 48, 243 65, 714 140 59, 907 48, 045 82 32, 921 36, 332 143 53, 188 58, Oil 168 76, 179 69, 073 137 47, 751 50, 557 18.5 19.7 24.5 54.1 123.8 118.6 40.9 70.1 90.4 38.7 51.8 55.7 16.9 32.1 37.4 31.9 35.6 29.6 45.9 50. 8 26.2 17.2 40.8 32.9 26.3 36.5 24.9 20.5 29.1 28.8 32.9 41.3 15.7 27.9 32.1 38. 3 13.8 24.4 21.4 4,899 544 4,867 10, 067 5, 132 969 5,562 8,553 6,046 971 6,044 9, 193 8,010 1,490 7,491 10, 113 10, 621 2, 076 10, 035 10, 155 12, 329 1,869 12, 536 9,748 13, 542 1,177 14, 234 8,326 5, 852 616 6,413 8,860 3,566 378 3,804 9,190 3,570 305 3,643 9,574 3,432 369 3,368 9,724 4.055 ' 468 3, 956 9, 399 4.250 512 4,206 9,334 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 4 0 3 3 1 0 4 3 14 5 1 11 4 1 4 2 0 1 0 0 5 1 2 2 0 2 7 0 0 12 0 2 0 0 4 41 9,822 80 23, 646 111 29, 889 101 20, 735 128 29, 971 22, 462 83 20, 339 62 13, 231 48 11, 072 54 25, 372 32 9,447 39 17, 576 39 7,614 39 65 32 87 232 96 74 212 95 62 202 72 72 182 96 56 140 92 45 97 85 51 97 50 68 104 57 59 108 47 38 97 44 33 64 52 41 63 51 19, 532 527 26, 772 2,154 33,574 2,253 35, 260 2, 331 29, 619 2,224 25, 984 1,084 22, 926 1, 057 17, 703 864 19, 458 376 22, 554 343 18, 090 446 17, 166 531 25, 607 534 2,939 6,691 6, 593 13, 295 4,927 9,880 4,428 7,644 3,378 6,252 2,810 4, 939 3, 366 5,627 2,280 4, 311 2,203 3,893 2,101 4,272 1,875 5,174 2,643 5,306 2,674 6,228 39, 479 675 47, 130 1,413 46, 239 1,677 44, 015 1,504 27, 217 1,501 22, 579 1, 562 27, 639 1, 664 24, 051 619 19, 770 506 17, 849 1,151 18, 706 411 22, 135 508 28, 230 649 488 1, 693 516 921 2,605 1,037 875 2,471 1,028 874 2,441 944 775 2,449 800 599 2,161 886 563 2,023 696 475 1,852 627 561 1,680 700 449 1,726 390 508 1,802 426 598 1,878 520 449 1,726 592 286 6,209 605 9,336 567 9,006 525 7,936 429 8, 119 500 6,909 518 6,267 458 5,237 370 4,009 268 5,245 321 4,224 363 3, 934 329 5,984 4 165 248 21 487 516 46 503 479 16 533 534 6 447 356 7 345 336 8 377 340 3 312 405 6 310 325 6 209 275 5 220 249 5 246 302 13 150 237 120 152 393 513 391 463 421 448 513 572 331 379 371 347 200 257 271 361 196 248 179 250 147 195 130 199 19, 235 33, 418 19, 480 29, 873 37, 620 19, 602 23, 906 17, 485 23, 340 36, 838 26, 126 19, 054 18, 740 .2290 .362 .2290 .0438 .2290 .0438 .2290 .0424 ., 2290 . 0400 .2290 .0400 .2290 .0393 .2290 .0388 .2290 . 0388 .2290 .0398 .2290 .0413 .2290 .0413 .2290 .0411 1,346 398 948 2,377 731 1,647 2,278 702 1,576 1,905 511 1,393 1, 751 404 1, 347 1,823 497 1,326 2,018 552 1,466 1,846 607 1,239 1,624 577 1,048 1, 744 463 1,281 1,577 434 1,143 1,595 407 1,189 18, 112 18, 242 7,110 . 0524 22, 951 21, 461 17,213 .0867 23, 244 25, 413 17, 136 .0803 22, 381 20, 739 17, 374 .0770 19, 271 19, 447 14, 204 .0729 17, 201 25, 279 18, 077 .0699 11, 429 28, 630 17, 668 .0678 15, 215 28, 467 11, 974 .0656 13, 599 40, 186 21, 348 .0658 16, 831 39, 078 15, 132 .0706 17, 572 27, 814 12, 020 .0597 15, 432 22, 521 211,632 .0576 130, 486 45, 580 126, 722 44, 473 121, 504 38, 228 121,655 38, 925 120, 689 38, 088 102, 695 53, 734 45, 265 98, 275 51, 652 50, 217 96, 408 46, 503 43, 144 90, 190 47, 246 45, 816 86, 704 47,012 40,459 190, 578 398, 667 187, 353 413, 474 179, 658 440, 417 176, 105 455, 775 178,425 479, 896 : i i 2 2 2 1,419 359 1, 060 16, 142 17,910 8,800 .0557 SURVEY OF CURRENT BUSINESS July, 1932 1933 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey May 49 1931 May June July August 1932 SeptemOctober ber N 1 ^- ^^f - January Fe J^i- March April METALS AiSTD MANUFACTURES—Continued [ NON FERROUS METALS AND PRODUCTS— Continued Metals— Continued Gold. (See Finance.) Lead: Ore— Receipts in U S ore short tons Shipments, Joplin district short tons.. ReSned— i Imports short tonsPrice, pig desilverized, N. Y. dolls, per lb__ Production short tonsShipments, reported short tons__ Stocks, end of month. short tons.. Silver. (See Finance.) Tin: Deliveries long tons.. Imports, bars, blocks, etc long tons.. Price, Straits, N. Y dolls, per lb__ Stocks, end of monthWorld, visible supply long tons.. United States long tons Zinc: Ore, Joplin districtShipments .- short tons.. Stocks end of month short tons Price, slab, prime western (St. Louis) dolls per Ib 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_. 23 578 1,277 35, 677 1,881 32, 551 1,432 30, 136 2,290 33 385 3,064 33 228 2,911 32 788 1,524 28 611 1,278 31 279 5,722 29, 086 2,110 25 807 2,330 24 784 1, 452 1, 626 .0300 25, 902 24, 258 173, 929 3,906 .0382 39, 519 34, 081 142, 370 3, 557 .0392 30, 708 37, 054 139, 698 6,522 .0440 32, 157 42, 219 133, 958 1,428 . 0440 34, 144 38, 590 134, 977 1,899 .0440 31, 966 38, 059 132, 804 6,794 . 0396 36, 546 34, 276 139, 796 2,135 6,866 .0394 1 .0379 31,671 i 33, 576 31,216 30, 297 144,057 151,380 2,376 . 0375 32, 180 27, 867 160,257 1,816 .0371 28, 081 26,319 165, 933 3, 035 . 0315 30, 345 31,162 169, 091 5,892 .0300 23, 236 26, 081 169,370 3,135 3, 725 . 2095 5, 505 5, 483 .2320 5,185 4,698 .2341 5,100 5, 587 .2502 5,270 5, 249 . 2575 5,015 4,882 .2468 5,385 5,607 .2276 3,550 5,301 .2281 3,380 2, 130 .2135 3, 5.50 2,412 .2184 2,825 2,254 .2203 3, 285 2, 497 .2186 3,440 3,100 .1924 50, 562 3,981 51, 231 5, 698 51,626 5,633 51, 707 5,838 50, 987 6,213 50, 722 5,868 50, 602 6,773 50, 583 7,458 51,313 6,254 50, 043 5, 342 51, 300 4,578 50, 780 3,841 50,716 3, 546 13, 469 84, 581 22, 470 65, 480 14, 395 70, 935 12, 059 76, 566 20, 243 79, 533 17,113 81, 190 19, 446 14, 854 85, 610 16, 228 83, 000 12, 071 14, 482 87,917 12. 239 86, 998 18,008 85, 010 . 0253 18, 642 21. 750 IS) 087 18, 087 132, 580 .0331 25, 688 20, 624 25,851 25,831 143, 049 . 0342 23, 483 19,022 27, 604 27, 604 138, 928 .0389 21,365 19, 266 28, 460 28, 440 131,833 .0382 21,467 19,305 23, 599 23, 599 129, 701 .0374 21, 327 20, 417 20, 860 20, 860 130, 168 .0338 21, 548 21,374 21, 181 21,181 130, 535 .0321 20, 443 19,428 19, 963 19, 963 131,015 . 0315 21,868 19,875 23, 041 23, 041 129, 842 .0301 22,516 22, 044 22, 444 22,413 129, 914 .0282 21,516 21,752 21,896 21,896 129, 534 .0279 22, 493 22,016 22, 576 22, 576 129, 451 .0273 20, 620 20, 796 18, 046 18,046 132, 025 1,865 Conduits, nonmetallic, shipments.thous. of ft.. Delinquent accounts, electrical trade. (See Domestic Trade.) 427 Furnaces, electric, new orders kilowatts.. Electrical goods, new orders (quarterly) thous of dolls Laminated phenolic products, shipments 386, 001 dollars Mica, manufactured: Orders, unfilled, end of 57 month thous. of dolls 61 Shipments . ._ . thous. of dolls.. Motors (direct current) : Billings (shipments) dollars.. Orders, new__ dollars. _ Panelboards and cabinets, shipments thous. of dolls.. Porcelain, electrical, shipments: Nail knobs thous of pieces 4,091 2,447 2,777 4,487 3,356 2, 005 1,782 1,384 2, 258 1,831 1,385 1, 363 1,732 1,956 3, 975 1,231 1,862 1, 513 1,277 3,610 1,982 1,111 341 28 406 1,401 Electrical Equipment Special - - -dollars __ Standard dollars.. Power cables, shipments thous. of f t _ _ Power switching equipment, new orders: Indoor dollars^ Outdoor dollars Reflectors industrial sales units Vacuum cleaners, shipments number.. Vulcanized fiber: Consumption thous. of Ibs Shipments thous. of dolls. Welding sets, new orders: ^Multiple operator units 2,680 157 304 224 3*8 99 351 151,586 706, 642 633, 321 618, 820 632, 476 639, 267 570, 466 430, 425 436, 190 413,424 363, 097 454,917 408, 410 119 128 97 92 100 81 87 103 81 79 73 76 81 73 69 73 73 94 75 86 65 86 60 63 455, 325 440, 476 450, 165 402, 130 360, 444 377, 129 365, 877 299, 081 365, 930 413, 864 387, 770 311,793 276, 905 248, 265 414,642 354, 236 231, 826 150, 148 300, 456 251, 509 286, 353 207, 778 302, 526 187,096 339 338 336 367 326 333 245 248 211 193 195 183 4,384 1 309 78, 983 57, 462 1,303 2, 192 592 77, 194 41, 331 1,106 2,044 516 66, 906 33, 042 890 2,544 971 74, 183 38, 303 840 3,132 869 82, 485 42, 562 806 3,818 1 000 84, 617 40, 171 1,137 2,263 509 63, 044 29, 447 973 1,195 424 38, 748 19,483 743 1,274 475 44, 699 25, 332 537 1,561 369 54, 941 25, 320 623 9fi6 255 37, 840 17, 183 958 32. 451 19, 874 698 39, 068 73, 567 208, 713 67, 256 70, 303 52, 697 240, 081 66,188 43, Oil 47, 041 360, 325 61, 794 35, 447 48, 707 175, 629 56, 735 37, 952 40, 586 188, 043 54, 691 47, 142 37, 547 244, 122 59, 103 59, 074 39, 191 323, 412 43, 287 67, 643 36, 686 197, 708 45, 000 50, 602 28, 777 116, 112 46, 261 40, 044 30, 854 85, 660 38, 748 37, 101 28, 626 69, 941 41,322 51, 120 21,043 51, 156 34, 538 50, 913 753 216 1,541 419 1,624 402 1,783 344 1, 345 348 1,407 332 1,398 313 1,057 262 1,003 246 872 270 1,269 301 1, 131 261 838 249 0 165 2 134 0 120 0 80 0 115 0 108 0 89 2 122 0 83 3 88 91 0 68 4,220 20, 817 3,584 22, 706 3,529 21, 510 3,186 21, 202 3,109 20, 073 3,502 20, 968 2,694 21, 753 2,752 21, 067 2,728 20, 014 2,145 19, 390 2,014 19, 245 2,081 18, 403 .123 .165 .158 .157 .154 .152 .130 .130 .130 .133 .130 .125 .125 564 200 93 194 322 950 514 275 302 256 277 1,073 560 275 145 253 274 934 546 328 158 302 324 898 504 326 134 330 330 889 509 339 135 333 316 911 522 308 129 338 312 910 583 366 160 312 254 953 592 274 114 357 285 1,031 571 340 164 204 289 880 595 304 165 366 280 965 613 267 117 317 285 998 548 264 142 280 285 981 89,892 104,835 121,413 122, 072 92, 460 88, 979 103, 345 114, 134 134, 003 129, 693 110, 253 120, 851 98, 340 88, 270 67, 145 72,011 72, 558 63, 163 87, 096 88, 382 110, 474 105, 966 121,322 124, 356 126, 162 111,205 23, 273 28, 700 28, 390 34, 188 26, 304 28, 724 26, 970 27, 334 34, 709 32, 764 32, 276 36, 007 26, 626 27, 792 15, 760 16, 087 11, 758 9,406 13,612 13, 254 te* 21, 472 19, 354 24, 063 21, 736 19, 345 25, 222" 34, 805 19,488 592 17,876 52,388 -, Miscellaneous Products Brass and bronze (ingots and billets) : Deliveries net tons.. Orders unfilled end of month net tons Brass sheets, wholesale price, mill dolls, per lb_. Copper, wTire cloth: Orders— Make and hold-over, end of month thous. of sq. ft__ New thous. of sq. ft— Unfilled, end of month thous. of sq. ft.. i Production _ thous. of sq. ft.. Shipments thous. of sq. ft.. Stocks, end of month thous. of sq. ft.. Fire extinguishing equipment. (See automobiles.) Galvanized sheet metal ware: Pails and tubsProduction ..dozens of pieces. _ Shipments dozens of pieces.. OtherProduction dozens of Dieces.. Shipments dozens of pieces.. SURVEY OF CURRENT BUSINESS 50 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 May July, 1932 1932 1931 July June May Decem- January October NovemA ugust September ber ber March A P ril PAPER AND PRINTING WOOD PULP Chemical: Consumption and shipments, total short tons Soda short tons Sulphite, total short tons._ Bleached _ __ short tons.. Unbleached short tons Sulphate _.. _ .short tons.. Other grades short tons Imports short tons Price, wholesale, sulphite, unbleached _ dolls, per lOOlbs.. Production, total short tons.. Soda short tons _ Sulphite, total short tons Bleached short tons Unbleached sttort tons Sulphate sho^t tons Other grades _. .short tons.. Stocks, end of month, total short tons _ Soda short tons.. Sulphite, total _ short tons. Bleached short tons Unbleached short tons _ Sulphate short tons Other grades short tons Mechanical (ground wood): Consumption and shipments short tons Imports __. short tons.. Production short tons.. Stocks, end of month short tons. _ i 59 424 1.58 13, 115 177, 344 25, 960 110, 722 37, 440 19, 020 39, 590 1,072 78, 695 175,460 \ 168, 030 23, 572 23, 502 111,282 105, 294 38, 080 35, 448 17, 544 16,790 39,828 ! 38, 156 1,078 778 112 822 i 120 070 170, 586 24, 278 108, 924 37,818 19, 026 36, 630 754 116,981 163,412 21 558 105, 666 35, 784 16, 698 35, 202 986 123 374 170, 442 19, 876 112, 224 37, 090 21, 170 37, 174 1, 168 115 179 162, 556 18, 088 109, 796 34, 116 22, 634 33, 828 844 170 986 155, 446 22 086 103, 600 33, 632 20 628 28, 956 804 112 680 172, 756 23 322 114,456 37, 384 22, 624 34, 024 954 193 954 175, 652 22, 738 117,318 39, 004 25, 026 34, 704 892 171 944 185, 970 23 148 127,914 43, 770 25 818 34, 184 724 80 000 2.15 180, 454 27, 230 110, 840 38, 262 19, 494 41, 870 514 32, 460 4, 480 18, 098 5, 018 4, 256 9, 076 206 2.15 181,756 24,834 115,200 39, 048 19,092 40,948 774 33, 944 4, 660 21,558 5 986 5, 500 7, 524 202 2.15 172, 456 24, 362 107, 664 35, 262 17, 924 39, 228 1,202 34, 504 4, 502 23, 626 5, 800 5, 578 6, 050 326 2.15 172, 350 25, 508 107, 430 37, 736 1 fi, 922 38, 522 890 34, 176 4, 620 23, 710 5, 718 5, 052 5, 3«4 462 2.15 168, 894 21,528 109 558 36, 232 19 800 36, S66 942 34, 456 3, 598 25, 836 6 166 6 388 4 604 418 2.15 171, 186 21, 226 109, 894 37, 080 19, 814 39, 004 1,062 32, 416 4, 058 24, 198 6, 156 5,724 3, S4H 312 2.15 171, 574 19, 336 114,846 35,016 26 108 36, 624 768 36, 684 4, 516 27, 788 7 118 7, 402 4, 144 236 1.81 160, 680 22, 682 105 802 32, 858 22 908 31, 276 920 36, 668 4, 124 27, 844 6 344 7,536 4 348 352 1. 58 175, 936 23, 998 115 256 36, 202 95 136 35, 686 996 33, 750 3, 762 25, 924 5 162 7,328 3 670 394 1.58 178, 312 23, 878 116 298 39, 482 24 376 37,006 1, 130 32, 326 3, 890 24, 2?4 5 640 6, 048 3 530 632 1.58 192, 934 24 212 129 722 43 214 28 752 38 228 118, 157 12,851 136,858 111, 832 118,371 13, 512 121,103 115, 235 111,463 17, 725 102, 197 103, 975 100, 180 14, 433 87, 638 91, 434 106, 094 18, 750 96 920 82, 260 110, 715 21, 842 104, 788 76, 332 113,483 21, 066 120, 963 83, 845 110, 035 22, 757 112 954 86, 765 110,803 17,339 113 174 89, 135 101, 409 19, 127 102 095 89, 822 110 983 11, 249 114 066 92 905 638, 510 72 639, 712 416, 077 621,411 i 607, 700 591,414 67 71 70 615,877 606, 847 596, 623 415, 681 413,011 408, 345 587, 543 70 589, 218 406, 067 596, 459 67 604, 007 397, Oil 526, 944 65 527, 205 408, 035 503, 789 59 506 410 405, 942 556, 951 64 574, 197 424, 406 549, 122 66 572 065 414, 200 598 913 66 599 597 421, 104 ' ! i ! i 1 i 59 4]^ 1.58 39 926 3,910 23 396 5 084 6 286 4 950 680 14 710 PAPER Total paper, incl. box board and newsprint: Production short tons Per cent of capacity Shipments short tons _ Stocks, end of month short tons.. Book paper: Orders, newCoated p. ct. of normal production.. Uncoated p. ct. of normal production.. Orders, unfilled— Coated. days' production.. Uncoated days' production Production short tons_. Per cent of capacity Shipments short tons. Stocks, end of month. short tons.. Box board: Consumption, waste paper short tons_. Orders — New short tons.. t Unfilled, end of month.. short tons.. Production short tons Operations, per cent of capacity Shipments short tons Stocks, end of month __ short tons.. Stocks of waste paper, end of month — At mills short tons.. In transit and unshipped purchases short tons Newsprint: Canada — Exports. short tonsProduction short tons Shipments from mills _ _ short tons.. Stocks, at mills, end of month. short tons.. United StatesConsumption by publishers- ..short tons.. Imports short tons.. Price, rolls, contract, destination, N. Y. basis dolls, per short ton.. Production, total short tons.. Per cent of capacity Shipments from mills short tons Stocks, end of month— At mills short tons.. At publishers . _. short tons In transit to publishers short tons.. Writing (fine) paper: Production . short tons.. Per cent of capacity . . _. . Shipments short tons Stocks, end of month .. short tons.. Wrapping paper: Production short tons.. Per cent of capacity.. Shipments short tons.. Stocks, end of month . short tons.. All other grades; Production short tons Shipments ..short tons.. Stocks, end of month short tons.. 2 Revised. 43 55 70 67 52 65 58 60 53 61 57 56 58 55 58 53 59 52 66 58 66 52 61 50 55 5 6 113, 022 77 111,327 90, 985 6 1 5 ! ; 106, 015 71 i 107, 075 89, 984 5 5 106, 439 71 104, 097 92, 684 4 5 98, 563 69 101, 323 89, 440 4 5 102, 111 66 105, 379 85, 594 4 4 95, 576 67 103, 588 87, 477 5 103, 509 69 105, 660 85, 115 4 5 100, 093 66 107, 668 82, 902 4 5 98, 792 69 112, 836 77, 513 4 5 107, 683 70 115,093 77,280 3 6 117, 609 78 113, 140 92, 464 162, 158 227, 125 208, 513 213, 686 200, 138 205, 084 209, 903 172, 830 146, 368 177, 610 173, 395 2191,637 167, 095 165, 363 31,344 168, 288 166, 266 80, 898 236, 173 49, 968 232, 020 77 8 231, 746 82, 058 223, 990 50, 630 224 110 70 3 223, 328 82, 840 221, 048 49, 698 222, 927 69 6 221, 980 83, 787 215, 752 47, 206 213,614 65 9 218, 244 79, 157 235, 382 61,327 221 684 70 9 221, 261 79, 580 218, 527 61, 365 218, 157 64 S 218, 489 79,248 181, 500 62, 933 186, 776 61 7 179, 932 86, 092 138, 042 36, 345 163 539 49 8 164 630 85, 001 189, 131 43, 862 182 306 56 8 187 118 80, 189 188, 734 2 2196, 403 42, 589 35 313 186 756 2206 802 2 go 6 58 2 190 007 2 2203 679 76, 938 80 061 177, 785 32 607 176 99° 59 2 180 491 76 562 165,152 182, 812 169, 570 166, 006 148, 042 149, 029 151,658 158, 674 172 761 168, 422 163, 522 27, 892 39, 209 50, 558 47, 052 47,549 45 386 36 055 42, 181 28 192 30 537 151, 758 175 887 172, 954 57, 014 185, 432 202, 607 202, 280 39, 962 189, 739 193,971 194, 144 39, 832 157, 205 182,731 175,350 47, 288 160, 175 165, 124 162, 303 49, 128 161, 171 178 412 178, 181 50, 451 171,031 184 252 191, 725 42, 963 171, 151 175 643 173, 601 48, 735 161, 835 165 173 165, 017 54, 214 172, 914 171 321 171, 843 53, 683 142, 445 158 543 150, 951 61, 195 171,651 166 758 163 806 63, 548 138, 176 186 53, 152, 321 175, 876 179, 836 192, 688 161, 265 188, 919 157, 119 173, 457 146, 249 157, 037 152. 422 159,916 173,852 180, 230 174,092 176, 228 160, 146 168, 087 151, 181 166, 516 142, 883 127, 089 156, 205 151, 786 ] 48, 351 165, 300 53. 00 88, 087 57.00 101, 086 68 100, 087 57.00 99, 548 67 97, 225 57. 00 88, 344 59 89, 047 57. 00 91, 241 64 90 303 57.00 97, 117 63 98, 616 57. 00 94, 149 66 93 723 57, 00 93, 861 63 93 550 53. 00 94, 247 53.00 87, 157 53. 00 100, 034 53. 00 91, 235 88, 525 57.00 101, 202 69 102, 555 94 550 86 638 94 282 94 °96 35, 156 182, 507 31, 692 32, 956 178, 333 44, 859 33, 906 189,990 39,041 33, 616 32, 607 203, 944 i 202.121 34, 566 30, 879 33, 517 197, 716 34, 379 31,953 190,367 38,022 32, 398 187, 839 42, 064 32, 709 195,505 40,495 32, 406 192 817 37,612 32, 925 191 666 38, 913 38, 677 175 566 34, 570 35, 417 188 907 33, 295 30, 793 64 31, 501 61, 758 29, 364 59 28, 395 62, 725 26, 408 55 27, 728 59, 723 26, 386 55 27, 441 58, 658 26 443 55 27, 606 57, 489 27, 793 56 29 071 54, 398 27, 031 50 27 734 57, 349 27 371 48 27 043 56 735 32 126 64 33 347 55 516 31 558 65 33 767 55 288 33 228 63 32 563 56 026 78, 377 88 76, 888 78, 107 78, 174 87 76, 845 76, 051 78, 074 1 78, 360 88 90 78, 777 76. 479 75, 146 77, 047 72, 107 81 69, 151 80, 021 73, 347 79 72, 027 81 318 61, 902 77 63, 821 79 521 57, 739 65 60, 280 76 991 70, 344 80 71, 329 76 035 67, 451 80 70, 082 73 425 69, 779 76 72, 361 9 78, 509 83, 882 68, 734 75, 655 74, 728 75, 895 74, 062 69, 174 1 70, 755 77 505 79, 574 66, 020 77 934 80, 425 64, 500 78 702 74, 423 95, 091 71 252 70 272 96, 818 77 835 80 185 97, 358 77 40$ 78 735 98! Ill 82 459 82 549 98, 374 3 3 78 271 81,315 63!. 192 2 164 596 34 219 2 33 475 7Q 8 1 5 171 104 26 628 786 6fO 443 904 51 SURVEY OF CURRENT BUSINESS July, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 1932 1931 May May June July August- Septem- October Novem- Decem- January! Fetaber ber ber March April PAPER AND PRINTING—Continued PAPER PRODUCTS rasive paper and cloth, shipments: Domestic. ._ reams _ 41, 059 ""oreign reams. _ 6,657 ciders' board, production short tons per board shipping boxes: Operating time, total p. ct. of normal-71 Corrugated p. ct. of normal-73 Solid fiber p. ct. of normal 65 ^reduction, total _ . thous. sq. ft._ 446, 455 Corrugated.thous. sq. ft_. 360, 838 Solid liber thous. sq. ft.. 85, 617 pe paper sacks shipments 1921-1922—100 51 948 7,832 2 069 54 721 7, 119 1 695 53 373 6 552 1 560 53 348 6,942 1 224 38 272 5 323 1 320 35 433 6 376 1 301 46 061 5,365 1 236 46, 700 5, 323 1 298 44, 820 7,648 1,366 41, 643 5,628 1,219 79 79 76 84 81 78 65 68 71 517, 708 516, 036 497,613 417, 407 416, 282 402, 031 100, 301 99 754 95, 582 55 44 65 77 80 68 556, 085 449, 285 106 800 67 79 82 71 552 650 448, 910 103 740 75 77 81 66 540, 293 438, 296 101 997 69 67 70 57 429, 315 346, 527 82 788 64 58 59 54 366 440 286, 897 79 543 49 64 67 56 426, 371 344, 994 81,377 73 74 68 459, 436 374, 636 84, 800 75 77 65 482, 114 390, 279 91, 835 70 72 63 446, 653 360, 998 85, 655 62, 268 8,218 1,486 54 431 8,705 1 535 PRINTING ink forms, new orders... thous. of sets.. ok publication, total no. of editions >Tew books _ _ . no. of editions,. sTew editions no. of editions.. erations (productive capacity) 1923 = 100 . es books: )rders, new thous. of books hiprnents thous. of books.. 33, 348 589 488 101 55, 266 886 708 178 96 48, 322 703 586 117 84 50, 357 718 568 150 77 45, 455 964 770 194 76 47, 351 882 735 147 83 57, 819 1 227 1,070 157 79 48, 309 827 724 103 83 44, 919 798 656 142 82 51, 660 662 541 121 84 48, 751 757 639 118 86 46, 557 781 675 106 84 39, 001 908 749 159 82 8,489 9,261 11, 587 10, 585 10, 514 10, 382 10, 321 9,997 10, 511 10, 501 10, 275 11,241 10, 663 10, 664 9 974 9, 546 8 096 9,313 9,261 9,201 8,654 8,456 8,906 9,783 9,428 8,734 19, 696 11, 267 53, 818 25, 725 16,451 33, 552 27, 611 14, 744 28, 298 25, 602 13, 594 45, 588 23, 877 13, 375 38, 454 RUBBER AND RUBBER PRODUCTS CRUDE AND SCRAP RUBBER Crude: Consumption, total long tons.. For tires long tons Imports, total, including latex long tons__ Price, wholesale, smoked sheets, N. Y. _ dolls, perlb-. Shipments, world long tons _ Blocks, world, end of month. long tons.. Afloat, total long tons . For U. S _ . . long tons.. London and Liverpool long tons British Malaya long tons . United States. long tons.. Reclaimed rubber: Consumption . . .long tons.. Production long tons Stocks, end of month long tons _ Scrap rubber: Consumption by reclaimers long tons . Stocks at reclaimers end of mo long tons 26, 861 34, 792 23, 847 35, 844 34, 883 22, 893 46, 939 29, 382 20, 849 44, 052 25, 379 16, 175 39, 033 21, 747 13, 328 38, 933 20, 495 12, 066 41, 398 21, 108 11, 572 45, 103 645, 875 531, 516 86, 271 91, 334 67, 271 73, 564 116, 652 140, 394 92, 437 80, 383 350, 515 219, 405 .064 67, 815 .063 61, 319 536, 982 87, 861 69, 421 137, 046 86, 729 225, 346 .063 66, 051 549, 127 86, 833 66, 873 136, 150 90, 398 235, 746 .054 63, 651 550, 580 80, 349 61, 469 136, 988 88, 616 244, 627 .050 64, 788 554, 458 78, 620 62, 420 134, 304 83, 182 258, 352 .050 71, 467 582, 000 86, 227 68, 427 133, 520 86, 503 275, 750 .046 70, 562 606, 197 97, 013 77, 443 130, 169 84, 710 296, 305 10, 220 12, 535 14, 471 10,175 13, 082 14, 804 8,929 10, 596 14, 176 7,778 9,402 13, 732 6,967 8,955 13, 781 6, 338 8,818 14, 273 5, 843 7,340 14, 130 5,313 8,255 15, 406 6,583 8,140 14, 970 6,499 8,120 14, 927 5,788 8,010 15, 781 4,393 5, 277 15, 283 32, 928 47, 666 33, 596 32, 878 33, 516 36, 959 34, 363 33, 146 30, 118 28, 740 31, 988 29, 654 27, 676 29, 762 26, 834 26, 389 4,543 4,332 4,197 8,250 4,538 4,458 4,320 8,358 3,941 4; 370 4,244 7,936 3, 125 3,968 3,845 7,117 2,538 3,145 3,034 6,527 2.379 2,281 2,185 6,640 2, 001 2,310 2,223 6,335 2,115 2,225 2, 171 6,220 2,770 2,602 2,545 6,329 3,097 2,042 1,973 7, 338 2,937 2,363 2,281 7,902 2,813 2,958 2,886 7,877 11 16 14 61 12 15 14 57 13 16 15 55 12 16 15 51 10 13 12 46 11 14 13 43 9 10 10 42 10 11 10 39 9 9 9 37 10 10 9 37 9 9 9 37 8 8 8 36 4,330 4, 225 4,135 8,439 4,286 4, 318 4,228 8,403 3, 964 4, 665 4, 569 7,672 3,548 4,240 4, 158 7,019 2,759 3,320 3,247 6,476 2, 462 2,250 2,187 6,657 1,955 2,076 2,022 6, 496 2,078 2,213 2,172 6,338 2,719 2, 803 2, 761 6, 175 3,057 2,182 2,135 7,008 2,802 2,149 2,094 7,008 2, 580 2,708 2, 658 7,553 18, 010 17, 085 15, 140 11, 745 9,585 9,263 8,361 7,981 12, 156 12, 518 11, 292 11, 084 34, 323 .031 4,795 4,773 13, 411 .039 .044 .030 .033 .046 57, 956 55, 656 59, 466 2 66, 972 2 59, 528 619, 906 630, 267 636, 206 2 632, 983 2 633, 425 76 390 87, 891 71, 849 75, 402 74, 080 53, 849 58, 920 68, 971 53, 940 56, 312 127, 149 125, 332 126, 036 125, 065 2 123, 408 94, 401 100, 379 90, 945 96, 677 103, 774 347, 215 322, 000 325, 759 321, 900 337, 127 TIRES AND TUBES Pneumatic casings: Production thousands.. Shipments total thousands ! -Domestic thousands Stocks, end of month.... thousands.. Solid and cushion tires: Production . thousands Shipments total thousands i Domestic thousands Stocks end of month thousands ' Inner tubes: Production thousands Shipments total thousands _. . . Domestic thousands Stocks end of month thousands Raw material consumed: I Pabrics tbous oflbs ; Crude rubber. (See Crude Rubber.) ! MISCELLANEOUS PRODUCTS Rubber bands shipments thous oflbs Rubber clothing, calendered: Orders, net no. coats and sundries.. 12, 503 Production no. coats and sundries . 12, 886 Rubber-proofed fabrics, production, total thous of yds Auto fabrics ...thous. of yds.. 556 Raincoat fabrics _thous. of yds.. 399 Rubber flooring, shipments.-. thous. of sq. ft.. Rubber and canvas footwear: Production, total thous. of pairs. . Tennis thous of pairs Waterproof thous. of pairs Shipments total thous of pairs Tennis thous. of pairs.. Waterproof thous. of pairs.. Shipments, domestic, total.. thous. of pairs.. Tennis thous. of pairs.. Waterproof thous. of pairs.. Stocks total end of month thous of pairs >l Tennis thous. of pairs Waternroof thous. of oairs... s Revised. 215 209 246 195 201 225 197 231 206 208 223 202 19, 380 18, 094 21, 161 15,419 17,932 14, 431 21, 580 27, 080 23, 966 22, 728 20, 925 19, 773 14, 341 23, 255 13, 654 16, 221 20, 720 10, 130 12, 388 20, 405 13, 970 17, 649 12, 503 12, 886 3,050 982 1,066 569 3,212 701 1,355 576 3,337 531 1,843 577 3,787 596 2,226 595 4,692 528 2,988 595 4, 112 445 2,476 550 2,529 394 1,267 462 2,074 380 931 587 2,184 339 853 358 2,448 233 883 376 2,462 312 754 422 701 546 3,402 2,142 1, 261 4,113 3,437 676 3,942 3. 316 626 23, 881 7,523 18, 357 3,921 1,999 1,922 4,094 2, 757 1, 337 3,886 2, 657 1,229 23, 789 6.766 17, 024 2,407 836 1,570 3,272 1,645 1,627 3, 030 1,520 1,510 22, 935 5, 957 16, 978 3,382 1,021 2,361 4,245 1, 252 2,993 4, 065 1,223 2,842 22, 070 5,704 16, 366 3,934 1,012 2,922 5,706 1,335 4,371 5,448 1,263 4, 185 20, 615 5,473 15, 141 4,363 1,231 3,131 5,104 633 4,471 4,907 589 4,318 19, 880 6,076 13, 804 4, 217 1,443 2,773 3,720 475 3. 245 3, 632 446 3, 186 20, 367 7,044 13, 323 4,469 2,078 2,391 4, 208 734 3,474 4, 054 616 3,438 20, 628 8,387 12, 241 3, 557 2, 496 1, 061 3,990 2, 374 1,616 3,962 2,353 1,610 20. 237 8, 510 11, 726 3,777 3, 226 552 4,454 3,411 1.043 4, 416 3,378 1 .; 038 19, 551 8, 264 11, 237 3,787 3,187 600 4, 998 4, 264 735 4, 943 4,216 727 19, 347 8, 191 11, 156 4,104 3, 446 657 5,073 4,374 698 5,010 4, 333 677 18, 381 7, 267 11,115 52 SURVEY OF CURRENT BUSINESS 1931 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey July June May August July, 1932 ct ber 1 » ° ° h^ " 1932 Decem- January Februber ary March April RUBBER AND RUBBER PRODUCTS—Continued Export thous. of pairs.. Repair trade . . .thous. of pairs Shoe manufacturers thous. of pairs. . Stocks, end of month thous. of pairs.. "- - Rubber soles: Production thous. of pairs _ ShipmentsExport .thous. of pairs Repair trade thous. of pairs Shoe manufacturers . -thous. of pairs Stocks, end of month thous. of pairs Mechanical rubber goods, shipments: Total thous. of dolls Belting . _. -thous. of dolls Hose thous. of dolls Other -thous. of dolls . 617 501 5,924 6,994 7,484 9,724 23,952 j 24, 652 612 3,975 9,693 28, 491 630 4,946 10, 522 27, 898 540 4,058 11, 177 27, 006 514 5,355 11,653 25,832 2,885 3,177 2,864 2,933 2,880 62 330 2, 651 2,655 59 225 2,899 2,461 67 196 2,569 2,475 67 234 2,790 2,395 90 i 290 2,604 2,264 4,231 790 1,857 1,584 3,879 798 1, 650 1,431 3,706 914 1,436 1,356 3,356 802 1,161 1, 393 3,015 788 ! 1,041 1, 186 ; 591 4,537 • 6,610 25,213 ; 474 4,622 8,198 24, 405 290 3,431 8,704 24, 515 259 4,575 8,748 25, 807 305 3,785 9,424 27, 933 280 2,656 6,938 28, 340 2,610 2,840 3,639 3,411 3,461 3,953 2,292 45 370 2,273 2, 153 29 308 2,579 2,180 25 267 3,196 2,018 ! 8 264 2,954 2,085 3 285 2,925 2,428 2 3,320 2, 601 1 252 2, 087 2,759 2,678 601 972 1,105 2,300 483 856 961 2,381 474 919 988 2, 463 483 903 1,077 2,446 483 966 997 2, 638 491 1,174 973 2,613 430 1,251 932, STONE, CLAY, AND GLASS PRODUCTS BRICK Common brick, wholesale price, red, N. Y dolls, per thous__ Face brick (average per plant) : Orders, unfilled, end of mo. -thous. of brick. _ Production _ thous. of brick.. Shipments thous. of brick Stocks, end of month *__ thous. of brick.. Sand-lime brick: Orders, unfilled, end of mo.-tnous. of brick.. Production.. ^ thous. of brick.. Shipments by rail thous. of brick.. Shipments by truck thous. of brick Stocks, end of month thous. of brick. _ 9.75 10.25 10.00 10.00 10.00 10.00 10.00 10.00 9.75 9.75 9.75 9.75 9.75 532 220 257 3,473 781 : 549 i 569 i 3,684 733 540 574 3,652 669 540 521 3,660 639 425 477 3,602 587 1 434 454 3,577 534 422 479 3,516 457 325 318 3,521 383 292 222 3.514 452 197 149 3,561 450 166 156 3,557 506 203 155 3,601 511 192 274 3, 498 2,575 2,469 157 2,919 4,897 6,513 5,084 1,595 4, 375 10, 724 9,960 6,664 494 5,75S 8, 975 10, 710 5,518 529 5,424 10, 199 10, 838 5,989 805 5,506 10, 698 11,532 6,943 872 4,922 10, 866 11, 437 6, 521 977 4,657 12, 347 10, 485 4,239 648 4,604 10, 529 8, 745 3,118 397 3,630 8, 677 8,700 2,188 449 2,561 9, 067 8,306 1,538 165 1,580 8,255 8,914 1, 603 125 2,089 8,421 5,430 2,502 355 2,575 7,264 Price, wholesale, composite doils. per bbl_. 1,318 Production _ thous. bbls. 6,917 Per cent of capacity 30.2 Shipments thous. of bbls 8,048 Stocks, finished, end of month.thous. of bbls.. 25. 365 Stocks, clinker, end of month.. thous. of bbls.. 9,956 1.399 14, 010 62.8 14, 200 29, 554 13, 087 1.364 14,118 65.4 16,077 27, 602 11,837 1.331 13, 899 62.0 15, 545 25, 934 10, 209 1.331 13, 549 60.2 15, 172 24, 313 8,468 1.331 12,092 55.3 13, 671 22, 736 6,918 1.318 10, 762 47.4 12,360 21,218 6,021 1.310 8,161 37.2 7,156 22, 219 6,215 1.310 5, 974 26.4 4,142 24, 098 7,035 1.321 5,026 22.0 3,393 25, 778 8,184 1.323 3,971 18.7 3,118 26, 657 9, 375 1,318 4,847 21.3 3,973 27, 545 10, 025 1, 318 5,478 24.8 6,536 2 26', 496 2 10, 511 1,866 6,032 2,027 63.2 1,901 5,759 2,119 9, 127 2,481 73.4 2,545 6,003 2,465 8, 625 2,565 75.9 2,491 6, 080 2,102 8,268 2,268 69.5 2,180 5,887 1,859 7,591 2, 239 68.6 2,213 5, 930 1,820 6,860 1,948 62.0 2,310 5, 536 1,779 6,713 2,128 64.2 1,941 5,709 1,814 6,745 1,692 55.1 1,537 5,872 1,659 6,387 1,508 47.2 1,396 5,855 2,929 6,454 1,606 52.1 1,743 5.G97 2,354 6,811 1, 548 50.2 1,764 5,544 1,738 6, 505 1,886 56.6 1,963 5,497 1,652 6,174 2, 027 632 1,919 5, 639 22.5 .9 1,357 19.5 18.6 3.6 3,016 27.3 8 2,037 27.2 26.8 4.1 9,466 29.3 .9 2,161 28.8 28.2 4.1 7, 554 i 24.3 .8 1, 492 19.9 24.0 3.9 7,216 24.8 2 1,607 21.4 21.6 .9 6,311 26.3 .2 1,679 22 4 26.' 0 .9 4,799 26.6 .8 2,276 30.4 30.1 3.7 4,812 23.3 1, 877 25.0 24.0 3.6 3,694 20.8 .7 1,774 23.7 20.7 3.8 6,093 21.8 .8 1,463 ]9. 5 20.2 3.8 5,500 19.7 .8 1, 301 17.4 19.1 3.6 6,427 21.3 .8 1,374 19.8 22.0 3.6 4,414 885 84 4,180 412 7,547 719 5,177 i 480 3, 955 361 4,290 386 1,997 194 1,269 115 2,252 223 1, 085 104 2, 648 237 2,097 I 176 PORTLAND CEMENT GLASSWARE Glass containers: OrdersNew, net thous. gross.. Unfilled, end of month thous. gross.. Production thous. gross. _ Per cent of capacity Shipments thous. gross Stocks, end of month thous. gross. . Illuminating glassware: Orders— New per ct. of capacity.. Unfilled, end of mo no. weeks' supply-Production, total _ _ . - no. of turns. . Per cent of capacity Shipments per ct. of capacity-Stocks, end of month no. weeks' supply _. Plate glass, polished, production.thous. sq. ft_. 22.6 ! .8 1,393 20.0 22.3 3.6 5, 025 TERRA COTTA Orders, new: Quantity Value __ short tons thous. of dolls.- i 1 925 100 TEXTILE PRODUCTS CLOTHING Hosiery: OrdersNew -thous. of dozen pairs.. Unfilled, end of month thous, of dozen pairs. Production thous. of dozen pairs.. Shipments, net thous. of dozen pairs Stocks end of month thous of dozen pairs Men's and boys' garments cut: Overcoats thous. of garments _ Separate trousers thous of garments Suits thous. of garments.Rubber clothing (see Rubber products), 2 Revised. 5,029 4,654 \ 4, 279 4, 279 4,716 5, 058 4,902 4,155 4,417 4,354 4, 458 4,223 3,225 4,719 4,772 9, 864 3,201 i 4,572 4,561 9,990 ; 3,511 4, 069 3, 777 10, 177 3, 139 4, 187 4,540 9, 869 2,815 4,521 4,941 9,730 2,637 4,743 5,115 9,408 2,641 4,020 4,789 9,107 2, 263 4,118 4,394 9,114 2,645 4, 558 3,981 9,990 2,389 4,363 4,156 10, 003 2,043 4,522 4,723 9, 486 1,890 4,280 4,321 9,601 138 2,396 1,808 318 2,408 ' 1,714 493 2, 246 1, 897 593 2, 544 1, 979 661 2,477 1,647 542 2,024 1,286 293 1,189 954 174 1,207 1,207 159 1,507 1,693 295 1,601 1,763 335 1,742 2.114 101 1,696 1. 273 * Adjustc d for deg rading an 3 year-end physica Mnvento ries. SUKVEY OF CURRENT BUSINESS July, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 May May June 53 1933 1931 ! NovemSeptemDecemFebruMarch j August October January ary ber ber ber July April TEXTILE PRODUCTS—Continued COTTON Consumption thous, of bales Exports: Quantity, exclusive of linters thous. of bales _ Value. (See Foreign Trade.) Qinnings (total crop to end of month) thous. of bales.. Imports _. _ _. thous. of bales Prices: To producer dolls, per lb_. Wholesale, middling, N. Y dolls, per lb_. Production, crop estimate. thous. of bales Receipts into sight thous. of bales Stocks, end of month: Domestic, total mills and warehouses. _ _. thous. of bales . Mills thous. of bales Warehouses _ thous. of bales World visible supply, total. -thous. of bales. . American cotton thous. of bales 332 465 454 451 426 464 462 429 416 435 450 489 367 501 336 255 259 211 558 1 014 1,071 1,181 919 970 927 545 23 15 Ii 7 9 566 7 5,410 12, 130 15, 024 15, 358 16, 002 .052 .057 .088 .093 .077 .090 .085 .093 .063 .072 .059 .065 .053 .064 .061 .065 350 347 107 277 333 1 623 4 082 9,072 1 463 7,609 8,738 6,680 6,748 1 258 5,490 8,346 5 861 6,102 1,131 4,971 7,572 5,236 5,520 5,266 7,072 4,524 6,899 4 775 4,426 6,435 4 498 6,297 7,113 5 275 34, 914 13, 377 11,212 34, 017 10, 067 11, 195 32, 951 11, 800 10, 181 31, 351 10, 295 10, 023 .223 .353 .215 .352 .225 .352 30, 961 3,920 34, 370 3,937 40,007 248, 544 56, 348 51,401 301, 943 5 3 6 13 13 9 2 16 629 10 16 .056 .066 .058 .068 .062 .068 .057 .062 3 035 .055 .063 17 096 1 819 1 546 918 870 569 10 566 1 116 9 450 9,184 7 299 12, 137 1 441 10 696 10, 191 8 346 12 056 1 630 10 426 10, 193 8 403 11, 669 1 637 lo' 032 10, 398 8 572 11 144 1 633 9*511 10, 166 8 268 10 333 1 566 8 767 9,623 7 687 9 697 1 533 8 164 9,111 7 139 29, 819 10, 858 9,382 32, 943 14, 703 9,461 32, 519 11, 574 9,832 31, 506 9,349 10, 861 31, 791 11,518 11, 350 32, 030 9,411 12, 009 31, 394 8,646 12, 436 28, 015 8,858 12, 771 .212 .336 .201 .326 .189 .315 .192 .312 .181 .295 .175 .290 .180 .285 .181 .284 .173 .280 35, 272 4,326 30, 309 1,692 25, 599 2,185 29, 897 1,958 27, 210 2,551 30, 759 4,026 28, 007 2,513 30, 840 3,959 35, 610 3,925 44, 042 3,514 71, 180 330, 575 52, 033 54, 774 288, 235 39,588 277, 597 48, 136 52, 833 269, 449 41, 889 217, 508 52, 262 56, 911 250, 855 57, 542 227, 167 54, 424 55, 610 244, 924 83, 420 344, 639 56, 779 54, 052 255, 833 56, 052 354, 957 57, 861 53, 472 273, 390 40, 983 322, 039 50, 938 47, 567 290, 248 84, 503 391, 150 58, 177 67, 225 254, 056 61, 396 377, 988 61, 086 64, 686 239, 654 33, 170 278, 163 57, 050 53, 135 259, 231 25, 577 218, 366 51, 272 40, 526 302, 216 .050 .048 .049 .043 .041 .038 .036 .034 .036 .039 .038 .036 .058 .054 .056 .052 .050 .046 ,047 .044 .042 .043 .044 .044 67, 704 74, 436 57, 412 77, 335 56, 153 74, 662 65, 983 71, 615 70, 138 76, 245 63, 014 78, 027 59, 501 81, 606 55, 791 76, 981 70, 341 66, 464 89, 286 73, 337 93, 145 86, 429 57, 894 88, 864 52, 537 51 45, 937 1.9 30, 109 51, 577 45 41, 119 1.5 27, 221 45,831 47 45, 233 1.5 24, 916 44, S82 48 44, 372 1.7 24, 483 49, 252 49 45, 782 1.6 27 207 48, 237 48 44, 515 1.5 26 811 40, 516 43 38, 304 1.6 22 828 48,029 41 40, 028 1.6 27 290 44, 407 47 51, 529 2.2 27 495 55, 412 59 59, 119 2.7 31 410 61,919 58 53, 615 2.1 32 173 49, 573 46 34, 348 1.6 27 032 18 876 ' 24, 818 6,955 217 90.1 23, 409 5,195 163 70.7 996 840 775 3 COTTON MANUFACTURES Cotton yarn: * Carded sales yarn— Orders, unfilled, end of mo. -thous. of lbs_. 26, 756 Production thous. of lbs._ 6,433 Stocks, end of month ___thous. of lbs_. 12, 554 Prices, wholesale— 22/ls, cones, Boston dolls, per lb._ .162 40/ls, southern, spinning dolls, per lb._ .270 •Cotton goods: Abrasive cloth. (See Paper Products.) Cotton cloth: Exports thous. of sq. yds_. 39, 750 Imports _ thous. of sq. yds.. 3,182 Cotton textilesOrders— New (weekly average) thous. of yds.. 36, 439 Unfilled, end of month thous. of yds.. 193, 637 Production (weekly average) thous. of yds.. 45, 929 Shipments (weekly average) thous. of lbs._ 42, 621 Stocks, end of month ..thous. of yds.. 315, 448 Fiber consumption for tires. (See Rubber and Rubber Products.) Prices, wholesalePrint cloth, 64 x 60... ..dolls, per yd__ .031 Sheeting, brown, 4 x 4 (Trion mill) dolls, per yd.. .040 Cotton cloth finishing: Printed only (mills and outside) — Production thous. of yds. . 43, 868 Stocks, end of month thous. of yds.. 86, 324 White, dyed and printed (outside mills)— Billings (finished goods) thous. of yds._ 37, 340 Operations per ct. of capacity _ 37 Orders, new, gray yardage.. thous. of yds_. 32, 143 Orders, unfilled, end of mo days prod._ 1.5 Shipments (finished goods) cases. . 23, 972 Stocks, end of month (finished goods) cases.. 15, 355 .'Spindle activity: Active spindles thousands.. 21, 639 Active spindle hours, total mills, of hrs._ 4,577 Average per spindle in place.. hours. . 144 Operations per ct. of capacity.. 63.3 BATON AND SILK Rayon: Imports __ _ . thous. of Ibs Price, wholesale, 150 denier, "A" grade, N. Y__ dolls, per lb__ Stocks, imported, end of month thous. of Ibs .Silk: Deliveries (consumption) bales . Imports, raw _ .thous. of Ibs Operations, machinery activity— Broad looms per ct of capacity Narrow looms per ct. of capacity Spinning spindles per ct. of capacity.. Prices, wholesaleRaw, Japanese, 13-15, N. Y. .dolls, per lb_. Silk goods, composite .dolls, per yd.. v Stocks, end of month — World, visible supply . bales United States— At manufacturers, .. . bales At warehouses— ..bales.. 17, 141 16, 433 16, 404 18, 095 17 467 18 321 18 887 20 175 18 837 17 855 26, 379 6,733 204 89.6 25, 898 6,630 202 86.8 25, 826 6,528 200 86.0 25, 623 6,193 190 81.8 25, 237 6,540 201 88.1 25, 188 6,595 203 85.1 24, 861 6,014 186 85.8 24, 638 5,951 184 79.3 25, 014 6,214 192 84.5 25, 190 6,567 204 92.5 48 225 202 276 299 239 107 71 91 21 30 76 89 .75 .75 574 .75 531 .75 528 .75 539 .75 468 .75 474 .75 430 .75 362 .75 342 .75 338 .75 315 .75 308 32, 923 7,474 45, 073 6 520 42, 161 6 409 44, 746 6 724 46 454 7 167 53 819 7 331 56 668 9 524 50 645 9' 639 48 432 8 861 58 793 7 020 45 909 6 503 46 761 5 673 35 779 4' 832 43 2 39 6 30.4 76 3 42 5 49.5 75 6 43 9 42.8 76 4 35 3 44.6 79 4 38 2 48.7 90 5 48 3 53.4 93 0 38 0 56.4 83 9 42 4 56.4 89 4 41 8 51.7 88 9 41 0 50.0 73 5 44 6 46.1 60 2 47 2 41.5 56 3 43 1 38.7 1.231 2.266 .99 2.463 .£9 2.364 .98 2.512 .98 2.315 .98 2.266 .98 2.315 .98 1.970 .96 1.953 .96 1.891 .94 1.617 1.421 217 460 209, 923 232 731 254 484 277 830 293 148 296 935 311 513 281 779 263 325 261 140 253 621 18 206 32, 688 18, 706 37, 352 16 990 29,921 21 122 41, 878 20 044 36, 099 23 176 49, 921 23 435 67, 275 24 651 69^ 460 25 180 62, 905 20 510 70, 570 27 157 62, 675 26 337 57, 849 26, 008 59, 159 * Months do not contain same number of weeks. ^Revised 2 *As of Dec. 1 16 822 54 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 July, 1932 1931 May May June July j August SC 19 33 m bcr "' October Novem- Decem- January ber ber F ^u- March 34, 426 9,890 29, 384 6,422 April TEXTILE PRODUCTS—Continued WOOL Consumption, grease equivalent.thous. of lbs_. Imports, unmanufactured thous, of lbs_. Operations, machinery activity: Sets of cards per ct. of capacity.. Combs per ct. of capacity.. LoomsCarpet and rug. per ct. of capacity.. Narrow per ct. of capacity.. Wide per ct. of capacity.. Spinning spindlesWoolen per ct. of capacity.. Worsted.. per ct. of capacity.. Prices, wholesale: Raw, territory, fine, scoured...dolls, perlb.. Raw, Ohio and Penn. fleeces...dolls, per lb_. Suiting, unfinished worsted, 13 oz. (at mill) ..dolls, per yd.. Women's dress goods, French serge, 54" (at factory) dolls, per yd.. Worsted yarn, 2/32s, cross-bred stock, Boston .dolls, per Ib. Receipts at Boston, total thous. of lbs_. Domestic ..thous. of Ibs.. Foreign. thous. of lbs_. 44, 966 14,168 45, 805 16, 868 53, 886 12, 9S7 51, 140 9,679 47, 548 42, 990 13,463 35,424 6,977 30 31 60 97 60 107 64 115 65 115 61 109 53 74 48 40 | 65 j 50 69 54 76 30 36 23 18 28 46 45 40 46 61 38 43 64 38 45 70 40 44 63 38 39 49 30 31 45 28 25 51 30 22 61 28 21 28 30 25 60 66 61 73 64 83 66 78 63 70 j 53 49 46 51 26 I 26 44 | i 39 49 52 53 58 51 45 37 26 29 .42 .15 .63 .20 .62 .20 .62 .21 .63 .23 .62 .22 .58 .21 .58 .21 .58 .21 .58 .21 57 21 .52 .19 .48 .18 1.300 1.494 1.494 1.494 1.490 1.400 1.400 1.400 1.400 1.400 1.400 1.400 1.300 .880 .925 .925 .925 .925 .925 .925 .925 .900 .900 .900 .900 .80 10,942 10, 272 670 1.00 30,341 26,151 1.00 56, 743 53, 779 2,964 1.00 79, 381 76, 046 3,335 1.00 36, 850 34, 445 2,405 .95 18. 707 16, 595 2,112 .95 .95 .93 .93 11, 235 4,928 6,307 .90 8,127 5,131 2,996 .88 5,794 3,758 2,036 6, 526 5,414 1,112 24, 231 17,095 37, 732 14,102 42, 942 18, 622 35, 604 21, 993 45, 618 18, 277 37,504 35, 432 17,118 ! 17, 320 32,428 » 21,123 j 33,391 I 30,567 13, 774 19,011 I 22,800 j 20,287 33, 041 17,131 32, 346 11,671 71 61 138 118 79 68 101 95 106 76 62 44.7 9, 224 315 272 901 1,124 45.0 9,252 729 202 1, 999 I, 018 4, 474 31.3 8,803 390 256 2, 025 1. 015 G. 033 4,190 11,677 9,628 6,567 3,061 7,026 6,163 863 31,625 ! 34, 253 10,536 j 12, 556 7,577 5,350 2,227 19,954 4,186 MISCELLANEOUS PRODUCTS Burlaps and fibers, imports: Burlaps thous. of Ibs.. Fibers long tons.. Buttons and shells: ButtonsImports, total thous. of gross.. From Philippines thous. of gross.. Fresh water pearl— Production per ct. of capacity.. Stocks, end of month.thous. of gross Shell, imports, total thous. of Ibs.. Mother of pearl thous. of Ibs.. Tagua nuts, imports thous. oflbs.. Elastic webbing, shipments...thous. of dolls.. Fur, sales by dealers thous. of dolls... Pyroxylin-coated textiles (artificial leather): 'Orders, unfilled, end of month thous. of linear yds.. Pyroxylin spread thous. of Ibs.. Shipments, billed thous. of linear yds.. 292 243 1, 236 561 5,324 2 45.0 8, 689 866 399 I, 528 ' 969 5, 465 72 62 I 42.9 ! 8,583 I 534 j 451 ' 2,014 ! 1,031 6.609 62 50 46.9 8,640 924 445 2, 025 969 3, 760 76 52 87 73 87 ! 73 | 42.3 43.0 8, 794 485 416 2,044 654 1, 644 32.4 8,518 1, 733 600 2,117 807 1,638 44.0 i 8,812 | 660 1 606 !! 843 ! 827 2,184 : 8,629 1,061 563 1, 500 715 2.651 2,175 '; 2, 121 1,956 40.7 I 35.7 8, 463 2,009 299 882 647 1, 947 8,664 565 ! 506 | 911 782 3,260 2,660 2, 549 2.271 ! TRANSPORTATION EQUIPMENT AIRPLANES Production, total __ _ _ _ Commercial (licensed) Military (deliveries) _ For export number number. _ number number.. 360 291 58 11 360 262 77 21 274 215 44 15 238 164 56 18 168 100 1,512 1,083 1,021 789 934 644 12, 966 8,468 4,498 10, 183 9,996 8,478 11 197 100 87 10 121 60 54 147 61 75 11 120 35 77 8 126 38 81 6 131 61 61 9 740 542 690 557 630 476 398 275 244 147 548 225 683 233 567 237 8,055 5,699 2,356 8,748 4,577 7,707 3,207 3,112 1,928 1 184 9,086 5,753 6,989 4,474 3 333 2 515 7,043 4,930 68, 285 38. 610 27, 581 50, 432 44, 629 48, 853 43, 943 35, 841 60, 692 33, 196 25, 882 1,614 25 770 48, 569 34, 126 79, 598 46, 866 30, 486 21, 891 1,283 15 720 21, 860 1,267 29 257 72 29, 895 81 26, 334 28,720 80 24, 729 58 20, 624 4, 544 12, 738 6, 835 4,220 5,583 10, 621 3, 426 3,151 317 163 250 640 218 490 187, 197 271, 135 210, 036 183, 993 155, 321 104 340 360 180 45, 688 40, 244 34,317 31,772 924 1,508 1,085 813 247, 727 201,911 194, 322 155, 744 2, 108 140 566 109, 087 141 31, 338 505 124, 903 2,646 1 440 761 80 142 57, 764 651 21, 727 282 102, 659 51,740 49, 042 25, 975 AUTOMOBILES Exports: Canada — Automobiles, assembled... no. of cars.. 333 Passenger cars no. of cars.. 261 United States— Autos and parts, value. (See Foreign Trade.) Automobiles, assembled, total_.no. of cars.. 5,109 Passenger cars ._ no. of cars.. 3,604 Trucks _ no. of cars 1 505 Financing: Retail purchasers, total thous. of dolls.. 58, 380 New cars thous. of dolls.. 33, 522 Used cars ..thous. of dolls.. 23, 271 Unclassified thous. of dolls.. 1,587 Wholesale dealers. thous. of dolls 38, 560 Fire extinguishing equipment: Shipments — Motor vehicle apparatus number. . 38 Hand types number.. 15, 378 Production: Automobiles8,221 Canada, total .. . no. of cars Passenger cars no. of cars 7,269 185 149 United States total no of cars Passenger cars no. of cars,. 157, 683 Taxicabs no. of cars . 73 Trucks no. of cars.. 27, 393 Automobile rims thous. rims.. 658 Registrations, new passenger-cars*. .. number... 131,000 Sales (General Motors Corp.): To consumers _ no. of cars.. 63, 500 To dealers, total no. of cars.. 66, ISO II. S. dealers no. of cars. . 60, 270 Shipments, accessories and parts: Accessories, original equipment Jan l9J5^10n Afpp-^oKes i.) whoU'-aleis Tar,. ] f < 25=100_ Rer>l' Ct inert1 1pir*^ TIP l t i r > ~>~ H>o Service C'lui! ' !' P t _ _ . .. Jan. 1925=- 100.. * niissmc 5,843 4,340 109, 372 104, 642 68, 564 63, 555 37, 782 37, 988 3,099 3,026 72, 623 58, 172 75 31,117 122, 717 153,730 136, 778 12y ;•.; ,~-' b'nc 90 29, 696 103, 303 111,668 3,518 95,911 59,300 2,484 85, 054 87. 449 100, 270 61 1 ••><? 102 i -74 85 2,246 69, 876 70. 078 62, GG7 66 i°7 4,171 2,095 64 53, 122 47, 895 54 66 1''8 t'7 4 500 21,305 80 61'' »8,727 321 199 « 6, 078 4,449 2 113 5,541 j 3 186 19, 974 1,179 34 842 44, 829 23, 623 19, 942 1,264 33 276 51, 148 26, 888 22, 780 1,481 34 121 » 56, 416 » 31. 836 « 23, 066 1,514 j 33 904 76 19, 437 39 19, 955 27 18, 787 41 17, 665 29 18, 661 1 247 812 68 867 48, 185 999 19, 683 638 75, 829 2 432 2 024 121 541 96, 753 1 144 23, 644 714 77, 564 3 731 3 112 119 344 98, 706 97 20, 541 811 85, 684 54 77 4 494 117 418 94, 085 25 23, 308 726 81, 853 34, 673 29, 359 23, 716 53, 588 79, 529 68, 650 47, 942 74, 710 65, 382 46, 855 62, 850 52, 539 48, 717 59, 696 48, 383 48 73 0° 60 59 66 04 40 63 57 % 56 61 53 58 52 10"7 62 25,395 1 27,306 * Kavbe 23,476 c-i 8 1 629 6 810 8 318 Q 604 5 660 118 959 2 14S 326 99, 325 2 120, 906 74 31 19, 560 » 27, 389 652 648 119, 540 91, 297 81,573 7S. 359 69, 029 f}p. 4" SURVEY OF CURRENT BUSINESS July, 1932 I 1933 Earlier data, together with explanatory j footnotes, may be found in the 1932 \ Annual Supplement to the Survey I May I 1 I i May 55 1933 1931 June | July j August I Se m "arch | April ^ "| October TRANSPORTATION EQUIPMENT—Continued RAILWAY EQUIPMENT Equipment condition: Freight cars owned — Capacity _ ._ mill. Ibs 203, 657 209, 645 Number total. thous. of ears.. 2,166 2, 244 Bad order, total number of cars.. 230, 820 170, 165 Per cent of total in bad order. .. _ 10.8 7.7 Locomotives, railway— Owned — 2,471 Tractive power mills Ibs 2 518 Number, total number 53, 696 55 278 Awaiting classified repairs number. 8,142 5,910 Per cent of total 15.5 10 8 94 Installed number.. 55 174 Retirednumber. . 182 Passenger cars— On railroads (end of quarter) . number Equipment manufacturing: Freight cars26 Orders, new, placed by railroads cars.. 46 Orders unfilled, total cars 2,429 6 585 0 Equipment manufacturers __ __ cars 1,599 Railroad shopscars_. 2,429 4,986 Shipments, total ._ cars 153 648 153 Domestic cars.. 646 Locomotives, industrial electric (quarterly) — Shipments, total number. Mining use number Locomotives, railwayOrders, new, placed by railroads. number. 0 151 Orders, unfilled, end of month — Equipment manufacturers (Census} 147 total number 84 141 Domestic, total number. . 65 128 Electric number 18 13 Steam _ cumber 47 6 Railroad shops (A. R. A.) number __ 20 Shipments — 13 Domestic, total ... number. 26 0 o Elf."tric number 13 Steam . _. .. .. number . 26 5 Exports, total number. _ 3 5 Electric _. number 0 0 Steam .._ number 3 Passenger car? — Orders, new, placed by railroads. number. . 0 o Orders 'infilled (OT''1 of quarter) number 3R 0 S?Mpmo > 'nts total number 0 Domestic number 208 579 2,229 172, 776 7.9 208 207 2,224 181, 702 8.3 207 947 2,220 187, 585 86 207 63S 2, 216 194, 127 8 9 2 513 55 098 5,938 10 9 114 291 2 513 55 056 5.913 10 9 66 108 2 514 55 029 6,173 11 4 95 122 2 512 54 967 6,310 11 7 51 113 51 136 972 7 179 2 070 5,109 615 555 207 290 206 842 2,205 2, 21 1 194, 948 196, 324 90 9 0 2 509 54 861 6,836 12 7 53 81 2 509 54 889 6,485 12 0 61 139 50 060 443 6 466 1 336 5, 130 341 341 534 5 746 ' 866 4. 880 524 499 86 82 3 5 100 534 4, 566 780 776 205 913 205 745 2,193 2,191 187,666 195, 462 8 7 9 0 2 496 54 462 6,990 13 0 68 46 2 489 54,228 7,331 13 7 51 285 205 509 2,188 206, 461 9 6 205 287 2,186 209, 271 9.7 204 297 2 174 218, 303 10 1 2 487 2 481 54, 166 2 54, 002 7,814 7,642 1 45 14 7 33 40 . 199 102 2 475 53, 815 7,851 15 0 42 229 50 327 >50 437 798 4 610 314 4,296 404 404 28 4 252 220 4, 032 150 150 11 5 042 1 340 3,702 546 542 159 3 650 259 3, 391 320 262 10 3 214 150 3,064 10 10 24 24 40 37 105 2,974 150 2,824 3 3 0 2 712 250 2,562 4 4 18 18 2 3 6 1 0 20 11 0 0 0 0 142 123 93 30 16 132 113 115 106 88 18 13 158 149 135 14 12 147 139 132 7 4 165 153 132 21 10 177 162 130 32 9 178 163 130 33 8 173 162 130 32 6 170 162 130 32 6 162 154 128 26 6 23 4 1« 2 i 1 15 3 4 .11 0 11 11 3 8 4 3 1 7 1 6 0 0 0 2 2 0 0 (} 0 0 o o 0 o 0 0 0 3 0 3 8 2 6 0 0 0 0 0 0 13 13 " 8 0 43 ] 1 0 0 <>4 Q3 20 14 4 0 1 0 1 4 0 4 o 0 o 30 o ?\ () (1 0 8 0 lf> 0 0 0 0 2 0 3 1 9 o 0 0 n o o 0 ELECTRIC TRUCKS AND TRACTORS Shipments, industrial, total Domestic Exports number.. number number 19 19 0 69 69 0 75 50 25 78 63 15 50 37 13 43 39 4 17 16 1 '21 19 2 22 21 1 29 29 26 26 o 20 20 0 17 17 0 26, 260 22, 586 370 34, 527 28, 613 359 22, 647 16, 964 326 30, 471 25, 363 299 11, 554 7,150 294 27, 906 25, 002 288 4,261 1, 201 279 23, 229 19, 402 049 23, 055 19, 549 252 2,913 1,594 229 3,703 2,610 174 41,991 33, 509 173 17, 532 13, 848 o SHIPBUILDING United States: Merchant vessels u n d e r c o n s t r u c t i o n thous TOSS tons Completed during month.. total gross tons.. Steel total gross tons__ World (quarterly): Launched— Number ships Tonnage thous. gross tons.. Under construction — Number ..ships _ Tonnage thous. gross tons.. 176 472 109 387 372 1,826 290 1,531 I " 90 302 63 125 281 1,404 268 1, 298 CANADIAN STATISTICS Business indexes: Bank debits . 1919-1924=100 Carloadings 1919-1924=100 . Employment in trade 1919-1924=100 Exports (volume) 1919-1924 = 100 Imports (volume) .1919-1924=100 _ Industrial production, total.. 1919-1924= 100.. Construction 1919-1924—100 Forestry 1919-1924=100 Manufacturing 1919-1924 — 100 Mining 1919-1924=100.. Shares traded 1919-1924=100 Commodity prices: Cost of living index 1926—100 Wholesale price index 1926=100__ Employment, total (first of month). 1926= 100Construction and maintenance 1926 = 100.. Manufacturing 1926—100 Mining 1926 = 100_. Service . 1926=100.. Trade . . _ 1926 = 100 Transportation 1926 = 100- .. J Revised 81 8 67.7 87.5 83.2 85 8 97.9 114. 7 HO. 2 84.3 145.0 103.5 136. 7 124 5 143.5 158.2 120 1 165 8 163 6 149.7 336.1 131. 0 101.9 137. 0 102. 5 99.8 133.9 99 0 160 5 135 7 112.0 208. 5 119 1 96.3 133.0 81 9 104.0 138. 5 136 0 152 1 137 2 126. 5 97.0 119 5 92.3 132.7 89 6 92.6 132.3 119 5 135 0 136 3 112.3 66. 9 129 0 82.2 131.2 98 6 96.0 137.3 182 2 148 5 130 6 124. 2 172.9 103 6 82.2 131. 5 84 0 93.0 130.5 153 5 147 0 121 9 139. 5 121.6 114 2 81.0 128 4 75 2 92.2 125.0 158 0 140 9 117 7 115.3 170 5 111 1 105 6 81.6 128.9 88 0 82.8 125.6 159 2 136* 5 117 2 131.6 49 7 116 4 89.4 127.1 89 7 87.0 128.7 153 5 134 2 119 4 160.4 53.8 109.6 84.7 127.3 74.2 100.4 122.4 92 5 128 6 123 3 136.1 71.2 109. 8 91.2 128- 3 85 6 75.9 116. 6 4? 3 134 8 1 J8 0 153. 0 74.0 90 2 73". 0 102.2 106. 6 100 7 106. 0 123. 1 123. 3 96. 6 88 7 72.2 103. 6 121. 8 99.4 105. 3 125. 9 124. 0 98. P 88 6 71.7 103.8 137.1 97 2 104. 1 130.8 1 24. 0 97. 7 88 9 70.9 105. 2 162. 8 94 7 104. 5 133. 0 120 9 97. S 87 8 70. 0 107. 1 176. 8 86 4 70.4 103. 9 164. 5 91 8 10S. 2 125. 5 120 8 86 4 70. 6 103. 0 165.4 88 8 107. 9 117. 5 85 9 70.3 99. 1 128.8 80 6 107.5 116.r 1 85 4 69.4 91.6 104.8 83 9 105.1 114. 4 125. 7 85.6 84 5 69.2 89. 7 90.4 85 9 102.4 112. 1 117 2 83. 4 2 gg 9 69.1 88.7 83.3 87 0 101.1 114.7 113 f. 81. 9 2 R3 7 68. 4 87. 5 79. 9 87 3 101. 0 113.0 114 3 81. 9 105. 6 134. 8 120 5 97. 8 or.. 2 129. 8 o;>. 4 83.4 129 0 73 0 87.8 119.0 80 7 136 8 118 5 132. 1 49 4 ]2 i f> 93: 5 56 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey SURVEY OF CURRENT BUSINESS 1932 July, 1932 1931 May June May i 1932 August SeptemOctober ber July No ™rm- Decem- January ber Fe a*™- March | April CANADIAN STATISTICS—Continued Finance: BankingBank debits mills, of dollsExchange. (See Finance.) Interest rates 1926 = 100 Commercial failures number.. Life insurance, sales of ordinary life (15 cos.) thous. of dolls.. Security issues and pricesNew bond issues, total. _thous. of dolls.. Corporation thous. of dolls.. Domininion and provincial thous. of dolls.. Municipal .. thous. of dolls Railways thous. of dolls.. Bond yields - per cent 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, volumeAutomobiles. (See Transportation Equip.) Newsprint. (See Paper and Paper Products.) Wheat - thous. of bush . Wheat flour thous. of bbls Trade with U. S. (See Foreign Trade.) Hailway Statistics: Carloadings thous. of cars.. Financial resultsOperating revenues thous. of dolls Operating expenses thous. of dolls Operating income thous. of dolls.. Operating resultsFreight carried 1 mile .mills, of tons.. Passengers carried 1 mile mills, of passengers Commodity statistics: ProductionAutomobiles. (See Transportation Equip.) Electrical energy, central stations __ mills, of kw.-hours.. Pig iron thous. of long tons Steel ingots and castings _ _ _ thous. of long tons.. Livestock, inspected slaughterCattle 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 bbls.. 2,175 3,172 2,694 2,400 2,244 2,451 2,587 2,842 2,638 2,071 1,990 2,024 2,074 113 2 91 9 91 9 92 9 91 9 97 1 164 230 103 3 105 4 108 6 119 8 293 115 9 200 110 6 9Q8 111 3 228 195 196 174 223 275 256 263 41,314 46, 227 39, 977 35, 738 30,066 36,006 38, 860 47, 163 37, 331 38, 145 37, 467 33, 629 24, 520 2670,132 9,660 0 52, 240 5,085 7,133 683 1,923 400 51, 073 240 436 150 215, 033 0 200 200 47, 647 0 21,085 6,000 34, 978 0 14, 231 1,660 17, 750 2 653, 433 6 770 7 039 0 33, 650 13 505 5,000 1 450 0 1 523 0 286 215, 000 33 45.8 65 7 51 4 36 9 4 40 81.4 101 3 89 0 85 2 4 40 80.1 97 1 91 1 80 4 4 45 83.7 100 3 94 6 81 7 4 40 81.3 97 3 94.4 76 6 0 833 50, 000 4 65 68.6 94 3 79 3 65 4 0 0 41, 402 44 361 60, 845 73 457 55, 320 52 508 50, 671 48 379 49, 894 47 308 15 543 29 522 20 783 12 005 11 909 30, 998 481 46° 0 490 o 467 0 522 o 4 95 64.6 92 9 74 3 60 1 o 5 05 71.9 92 9 86 6 63 5 0 5 20 64.8 92 9 74 3 59 3 30, 212 17 435 0 5 74 64.8 90 3 73 7 59 1 10, 000 5 085 0 5 55 63.5 86 1 71. 1 59 1 4,000 18 478 12 500 5 30 64.1 86 0 71 5 59 8 2,750 9 821 0 5 33 54.0 85 8 58 2 48 9 49, 909 45 379 56, 534 45 933 58, 430 46 911 54, 218 40 290 39,063 34 115 37, 019 35 586 41,019 57 448 27, 455 99 794 14, 336 18 925 27 452 22 356 451 9,472 332 9 898 358 9 921 415 7 513 255 180 557 o 476 558 216 222 207 205 227 265 231 185 166 174 183 30 934 28 768 1, 185 30 480 28 582 1,053 29 352 27 304 1 186 28 265 26, 393 921 30 158 25, 122 4,149 32 611 25 248 6 377 31 688 24 012 6,659 27 732 23, 769 3,380 22 120 21, 781 d. 486 22 294 22, 196 d 821 95 027 29 550 1 612 2 178 2 207 1 770 1,636 2,057 2 927 2,805 1,878 1,605 1, 659 1 814 134 160 186 190 152 113 92 140 113 107 125 1,366 51 1,290 56 1,251 40 1,256 23 1,288 18 1,428 12 1,415 14 1,432 14 2 1, 418 10 2 1, 329 11 2 1, 393 18 29 75 56 45 52 33 31 28 21 25 28 44 36 95 255 103 158 23 92 164 56 77 148 71 78 162 81 80 204 117 80 247 193 75 259 98 66 247 55 65 264 48 62 240 35 88 233 37 90 229 30 1,183 1,121 1,319 1,333 1, 516 1,694 1,812 1,175 851 842 1,054 993 13 23 d., deficit. 2 Revised. 1,334 17 INDEX TO MONTHLY BUSINESS STATISTICS Page Abrasive paper and cloth. „ 51 Acceptances, bankers' 30 Accessories, automobile _. 54 Advertising, magazine, newspaper, radio 25,26 Africa, United States trade with 34 Agencies, employment; applicants, placements 27,28 Agricultural wages, loans . 29,30 Air conditioning equipment . 48 Air mail 26 Airplanes , 54 Alcohol, denatured, ethyl, rnethanol 23,35 Aluminum 43 Animal fats, glues, greases 36,37 Anthracite industry... 22,29,42 Apparel, wearing 29,52 Argentina, United States trade with; exchange; flaxseed stocks 31,34,37 Asia, United States trade with 34 Asphalt 43 Automobiles 22, 27, 23, 29, 54 Babbitt metal 48 Bank suspensions . 30 Barley..-. 39 Bathroom fixtures 46,47 Beef and veal , 40 Bituminous coal 22,28,29,42 Binder's board , 51 Boiler and boiler fittings 46 Bonds, prices, sales, value, yields ~ 32,33 Book publication .— 51 Boxes, paper, shipping 51 Brass... 49 Brazil, coffee; exchange; United States trade with , 31,34,41 Brick 52 Brokers' loans 30 Bronze 49 Building contracts awarded 24 Building costs . 25 Building materials-t 24,25,44,45,47,52 Business activity index (Annalist) 22 Business failures «. 30.31 Butter . 39 Canadian statistics 55, 56 Candy _ 41 Canal traffic -35 Capital issues 32 Carloadings—_ 22,35 Cattle and calves 40,43 Cement 22,27,29,52 Chain store sales 26,27 Cheese ._ — — 39 Chile, exchange; United States trade with... 31,34 Cigars and cigarettes 42 Clay products 23, 24, 27,29, 52 Clothing 24,27,28,29,52 Coal _ 22,28,29,42 Cocoa 41 Coffee —23,41 Coke Collections, electrical trade -26 Commercial paper.. 30 Communications 35 Construction: Contracts awarded, indexes and value 24 Costs 25 Highways . 25 Material costs 25 Volume 25 Copper 22,23,49 Copper wire cloth 49 Copra and coconut oil 37 Corn 39 Cost of living index 23 Cotton, raw and manufactures 23,53 Cottonseed, cake and meal, oil 37 Crops 23,37,39,40,53 Dairy products .. 23,39 Debits, bank___ 30 Debt, United States Government 32 Department store sales and stocks _~27 Deposits, bank „ 30 Disputes, labor 28 Dividend payments 33 Douglas fir 44 Earnings, factory 29 Eggs.... 23,41 Electric power, production, sales, revenues... 22,38 Electrical energy, consumption index 22, 23 Electrical equipment , 49 Electric railways 34 Employment: Cities and States 28 Factory, Federal Reserve Board indexes.. 27,28 Nonmanufacturing.., 28 Miscellaneous data „ 28 Emigration 35 Enameled ware 46,47 Engineering construction . 24 England, exchange; United States trade with. 31,34 Exchange rates, foreign 31 Expenditures, United States Government 32 Explosives 36 Page Exports 34 Factory employment, pay rolls, operations 27 28,29 Factory operations, proportion of full time worked 28 Failures, bank; commercial , . 30,31 Fares, street railways... 34 Farm employees 28 Farm prices, index 24 Federal Government, finances 32 Federal-aid highways 25 Federal reserve banks, condition of 30 Federal reserve member banks 30 Fertilizers 36 Fire-extinguishing equipment 54 Fire losses _ 25 Fish and fish oils 23, 37,41 Flaxseed 37 Flooring, oak, maple, beech, and birch ,__ 44 Fl our, wheat _ 40 Food products 22,23 27,39 Footwear 44,52 Foreign trade,, indexes, values . 34 Foundry equipment 48 France, exchange; United States trade with 31,34 Freight cars (equipment) 27,55 Freight csrloadings, cars, indexes 35 Freight-car surplus 35 Fruits 23,39 Fuel equipment . 48 Fuels 42,43 Furniture , 45,47 Gas, customers, sales, revenues 38 Gas and fuel oils 42 G asoline 43 General Motors sales , 54 Glass and glassware 22, 27,52 Gloves and mittens 43 Gold.__ . 31 Goods in warehouses 26 Grains 23, 39,40 Hardware, sales . 45 Hardwoods 44 Heels, rubber 52 Hides and skins 43 Hogs.. „ 40 41,43 Hosiery _ 52 Hotels _ _ _. 28 29,35 Housing 23,25 Illinois, employees, factory earnings 28,29 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 22,45 Italy, exchange; United States trade with 31,34 Japan, exchange; United States trade with.. 31,34 Kerosene.. 43 Labor, turnover, disputes, applicants, placements 28 Lamb and mutton 41,43 Lard 41 Lead___ 49 Leather.... 22,24,27,28,43 Leather, artificial 54 Liberty bonds 33 Life insurance 31 Linseed oil, cake, and meal . 37 Livestock 23,40,41,43 Loans, agricultural, brokers', time 30 Locomotives _ 55 Looms, woolen, activity 54 Lubricating oil 43 Lumber 22,23,27,44,45 Lumber yards, sales, stocks 44 Machine activity, cotton, silk, wool 53, 54 Machinery. 27,29,34,48,49 Machine tools, orders, shipments 48 Magazine advertising 25, 26 Manufacturing . 22 Marketings, agricultural, forest products 23 Maryland, employment 28 Massachusetts, employment 28 Meats _ 40,41 Metals __. 22,23,27,45 Methanol . 36 Mexico, petroleum production and exports.42 Silver production 32 United States trade with 34 Milk „ _-__ 39 Minerals 22,42,45,49,53 Money in circulation 31 Naval stores 23,36 Netherlands, exchange 31 New Jersey, employment, pay rolls 28,29 Newsprint 50 New York, employment, pay rolls, canal traffic 28,29,35 New York Stock Exchange 30,32,33 Notes in circulation . 30 Page Oats 39 Oceania, United States trade with 34 Ohio employment 28 Ohio River traffic . 35 Oils and fats 36,37 Oleomargarine . 37 Orders, indexes, new and unfilled 23 Paints 38 Passengers, street railways; Pullman 34,35 Passports issued 35 Paper and pulp 22,23,27,50,51 Pay rolls: Factory, Federal Reserve Board 29 Factory, by States 29 Nonmanufacturing industries . 29 Pennsylvania, employment 28 Petroleum and products 22,27,42,43 Pig iron 22,45 Pork 41 Postal business 26 Postal savings „ 30 Poultry 23,41 Prices: Cost of living, indexes., 23 Farm, indexes 24 Retail, indexes 24 Wholesale, indexes , ... 24 Printing , 51 Production, industrial 22 Profits, corporation 32 Public finance 32 Public utilities 28,34,35,38 Pullman Co 35 Pumps 48 Radio, advertising 25 Railroads; operations; equipment; financial statistics 35, 55 Railways, street 34 Rayon 53 Real-estate-market activity 25 Registrations, automobiles 54 Rents, index 23 Retail trade: Chain stores— 5 and 10 _ 26 Grocery 26 Restaurant 27 Department stores 27 Mail order . 27 Roofing 38 Rice 39 Rubber, crude; scrap; clothing; footwear; tires.... 22,23,27,51,52 Rye. 40 Sanitary ware 46 Savings deposits 30 Sheep and lambs 41 Shoes 22,27,28,29,44 Shipbuilding 22, 27, 55 Silk 23,53 Silver 22,32 Skins _ 43 Softwoods 44 Spain, exchange 31 Spindle activity, cotton 53 Steel, crude; manufactures 22,47 Stockholders ___ 33 Stock indexes, domestic and world 23 Stocks, department stores 27 Stocks, issues, prices, sales, yields 32,33 Stone, clay, and glass products 22,23,28,52 Sugar 23,41 Sulphur 36 Sulphuric acid 36 Superphosphate 36 Tea 23,41 Telephones and telegraphs 35 Terra cotta 52 Textiles, miscellaneous products 54 Timber __ 44 Tin.. 23,49 Tires 22,27,51 Tobacco _ _ 27,42 Tools, machine 48 Trade-unions, employment 28 Travel 35 Trucks and tractors, industrial electric 55 United Kingdom, exchange; United States trade with 31,34 Uruguay, exchange 31 United States Steel Corporation. ._ __ 29,33 Utilities 28,29,32,34,35,38,55 Vegetable oils 37 Vegetables 23,39 Wages . 25,29 Warehouses, space occupied 26 Waterway traffic _ 35 Wheat and flour 23,40 Wholesale prices 24 Wisconsin^ employment; payrolls 28,29 Wood pulp 50 Wool 22,23,54 Zinc _ 22,49 To determine whether an applicable specification exists for any commodity—consult— National Directory of Commodity Specifications, 1932 which gives the standards and specifications of trade associations, technical societies, and other organizations nationally representative of some branch of American industry, as well as those of governmental agencies that represent the Federal Government. Uses the decimal system. Cross-references related specifications. Defines uses of commodities, if known, when not self-evident from the title. Contains comprehensive index. The direct purpose of any wise cooperative effort in the adoption of specifications is to secure constructive application of scientific knowledge to service requirements; to coordinate similar demands and eliminate unessential differences; to balance increases in cost against probable service improvements, taking full advantage of existing commercial varieties; and to formulate adequate test or inspection methods—all this resulting in the development of greatly improved products, vital support to the national movement toward simplification of lines, processes, and business practices, and marked lowering of costs and prices.—Herbert Hoover. Price $1.75 Compiled by Bureau of Standards iVSiseelianeous Publication No. 138 Cloth bound 554 pages For sale by the Superintendent of Documents, United States Government Printing Office, Washington, D. C.