Full text of Survey of Current Business : July 1933
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JULY 1933 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 13 NUMBER 7 EXPLANATORY The Survey of Current Business is designed to present each month the available statistical measurements of economic activity, together with the necessary analytical comment, which will enable readers to obtain a comprehensive picture of the business situation. Certain of the more important series are presented in graphic form so that the trend of the major indicators can be readily determined. In order to get the monthly statistics to subscribers more quickly, and to bring the material up to date with current weekly statistics, a 4-page supplement is furnished each week as part of the threefold service of the Survey. Libraries should note that all of the statistics presented in the weekly supplement are not republished in the monthly numbers. It is important, therefore, that these supplements be preserved and bound with the monthly issues if the entire record is to be complete. v" jOver 2,100 series of data, gathered from more than 200 organizations, are presented regularly each month. Most of the statistics are not compiled by the Survey, but represent a careful selection of material available from all sources. The chief function of this publication is to bring together in usable form the statistics which, if published at all, are scattered in hundreds of different publications and reports, and to aid in the proper analysis and interpretation of the figures. The Survey of Current Business compiles the indexes of domestic and world stocks, new and unfilled orders, agricultural, livestock, and forest-products marketings, foreign trade, 5- and 10-cent store sales, and department store sales by districts. SOURCES OF DATA The sources and inclusiveness of the data in the table "Monthly Business Statistics" will be found either in the explanatory footnotes covering each series in the 1932 Annual Supplement to the Survey, or on the indicated pages of the monthly issues. These latter refer to new material added since the 1932 Annual Supplement was published. The data given in these footnotes should always be kept in mind when utilizing the statistics carried in each monthly number. Sources of the weekly statistics are given on page 20 of the July, 1932, issue of the Survey, and in somewhat more detail on page 4 of the August 4, 1932, issue of the Weekly Supplement to the Survey. new data added, may be found on page 56 of this issue. Earlier data for the new series, if published, may be found on the indicated pages of the monthly numbers. Since the reduction in printing funds makes it impossible to publish the 1933 Annual Supplement, subscribers may find it convenient to keep the March 1933 issue posted up to date with the latest revisions and to fill in any 1932 data which were missing at the time of publication. They will thus have a complete 1932 record in this one issue. Monthly data prior to 1923 will be found in the early issues of the Survey and, in the Record Book of Business Statistics, data on textiles, metals and machinery, fuels, automobiles, and rubber are carried back to 1909 on a monthly basis, where available. These record books should not be used for data later than 1922, and the monthly data should be checked against the annual averages given in the 1932 Annual Supplement to assure the continuity of the series and to obtain any necessary corrections. The three parts of the Record Book may be obtained from the Superintendent of Documents, Government Printing Office, Washington, D.C., for 10 cents each, or 30 cents for the set. INDEX NUMBERS To facilitate comparisons of the movement of important series over a period of time, index numbers have been used in numerous instances throughout the Survey. In brief, these index numbers simply express the current movement with relation to a fixed base— usually the monthly average of the years 1923-25. The construction of these index numbers is described in brief in the annual supplement. SEASONAL ADJUSTMENT OF INDEXES Seasonal variations are found in most economic series for which monthly statistics are obtainable. Consumption and production of commodities, foreign trade, retail trade, employment, construction, railroad freight traffic, and many other types of data are marked by seasonal swings repeated with minor variations year after year. These are definitely periodic in character within a 12-month period. In cases where an adjustment is noted for a series carried in the Survey, the index has been corrected for the number of working or business days in the various months, and then adjusted for seasonal variation. The index figures thereby HISTORICAL DATA become comparable throughout the series. In the 1932 Annual Supplement to the Survey of METHODS OF USE Current Business, the statistical series presented curMethods of using and interpreting current business rently are carried back on a monthly basis to 1923, and on a yearly basis to 1913, where available. The statis- statistics have been collected by the Department of tics therein have been carefully reviewed and revised and Commerce from many business concerns and are supersede those carried in the 1931 Annual Supplement described in a booklet entitled "How to Use Current as well as those in the semiannual numbers issued prior Business Statistics," together with methods of colto 1931. The December issue contained the first major lecting statistics. This booklet may be obtained from revision of material since the 1932 supplement was the Superintendent of Documents, Government Printissued. A list of the series dropped, as well as of the ing Office, Washington, D.C., for 15 cents per copy. JULY 1933 Volume 13 Number 7 WEEKLY DATA THROUGH JUNE 24, 1933 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, 1929 to 1933 Commodity prices Domestic trade Employment Finance Foreign trade Real estate and construction Transportation Survey of individual industries: Automobiles and rubber Chemicals Farm and food products Forest products Iron and steel Textiles. STATISTICAL DATA New and revised series: Life insuranceAdmitted assets New business written Weekly business statistics Page 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19, 20 21 STATISTICAL DATA—Continued Monthly business statistics: Page Business indexes 22 Commodity prices 23 Construction and real estate 24 Domestic trade. 25 Employment conditions and wages 27 Finance 30 Foreign trade 34 Transportation and communications 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 47 Nonferrous metals and products 48 Paper and printing 49 Rubber and products 50 Stone, clay, and glass products : 51 Textile products : 52 Transportation equipment 54 Canadian statistics 55 Index of revisions made in December 1932 and June 1933 issues 56 General index Inside back cover Subscription price of the SURVEY OF CURRENT BUSINESS is 31*50 a year, which includes the 12 monthly numbers, the 1932 annual supplement, and the 52 weekly supplements. Single copy price: Monthly, 10 cents; weekly, 5 cents; annual, 40 cents. Foreign subscriptions, 33, including weekly and 1932 annual supplements. Make remittances only to Superintendent of Documents, Washington, D.C., by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted 182446—33 1 SURVEY OF CURRENT BUSINESS July 1933 Business Indicators 1923-25=100 INDUSTRIAL PRODUCTION IGO INDUSTRIAL PRODUCTION IGO MANUEACTURES (ADJUSTED?* -MINERALS (ADJUSTED) 9 100 40 160 FACTORY EMPLOYMENT AND PAYROLLS 200 CONSTRUCTION CONTRACTS AWARDED UNADJL STED PAfROLLS (UNADJUSTED) 100 /-ADJUSTED* \ ^ \ 1 I il ii I n n i TOTAL FREIGHT CAR LOADINGS 160 HIM lYlflliim HIM FREIGHT CAR LOADINGS L.C.L. 160 UN/DJUSTED (•UNADJUSTED 100 40 (-ADJUSTED9 {ADJUSTED* 1 1 1 1 1 1 1 1 11 111 1 11 1Mill imi Mill DEPARTMENT STORE SALES ZOO WHOLESALE PRICES 160 Al UNADJUSTED sFARM PRODUCTS 100 100 \J or MMIMM- 11111111111 CALL COMMODITIES 1 JUofllllii; 11111111111 VALUE OF EXPORTS 200 VALUE OF IMPORTS 200 UNADJUSTED *UNADJUSTED 100 1 II 1 II BANK DEBITS OUTSIDE NEW YORK CITY 200 160 FEDERAL RESERVE MEMBER BANK LOANS* \ 100 A ' (UNADJUSTED S TOTAL 100 (COMMERCIAL) \^ 1 929 1930 1 9 31 » ADJUSTED FOR SEASONAL VARIATION 1932 1 933 * REPORT/NO MEMBER BANKS 40 Mil! I, II! 1 92 9 I 1 llMII 1 930 1931 1 93 2 I 933 SUEVEY OF CURRENT BUSINESS July 1933 Business Situation Summarized sumption as fast as they are being produced. The rise in such industries as textiles and tobacco manumanifest at this time have so far failed to halt the up- facturing is much too large to be accounted for by any ward movement. Production was considerably higher increase that may have occurred in consumer purin May and June than in the corresponding months of chasing to date. However, stocks of finished goods 1932, and in the latter period reached the highest level in the hands of distributors have been low for a consince the middle of 1931. Steel ingot production has siderable period and a more active demand would increased to 50 percent of capacity. Automobile require some upbuilding of such stocks. schedules have currently been revised upward, and Department store sales in May were slightly less June output is expected to exceed the May total than in the preceding month, and the adjusted index which was the largest since July 1931. Electric power remained unchanged. Freight-car loadings in June production continues to indicate extensive gains in increased to the highest point of the year, and the manufacturing activity; lumber production has im- spread in comparison with last year has widened so proved steadily; and the industries producing the that in the latest week reported, loadings were 13 permajor lines of consumers7 goods have maintained their cent higher than in the same week of 1932. high May schedules. Output of a number of important Construction contracts awarded during the first industries was higher in the first 5 months of 1933 half of June were higher than for the same period of than in the corresponding period of 1932. M&y, although the total remained very low. Wholesale prices moved higher in June for the Employment and pay-roll gains have lagged considerably behind the increases in production. While fourth consecutive month. Stock prices have been factory employment and pay rolls both increased last irregular, but the large gains of the preceding 2 months month, and the upward trend continued in June, the have been held. Bond prices have been steady, folindexes in May were below the low level of a year ago. lowing the sharp improvement in May. Money rates Average hourly factory earnings during the month also for short term commitments continue extremely low. were at a new low point. The American Federation Foreign trade improved in May, contrary to the of Labor estimates the number of unemployed in June usual seasonal trend. The increase in exports was at over eleven and a half million. due mainly to heavy shipments of cotton at higher Available indexes of consumer purchasing indicate prices, but for imports the increase was the result of for the most part that goods are not moving into con- gains in a wide range of commodities. activity continued to expand during B USINESS June, and the adverse seasonal influences usually MONTHLY BUSINESS INDEXES Factory employment and pay rolls Industrial production Unadjusted i Adjusted 2 Year and month I c 9 Merchandise, l.c.1. Total 1 1 g Department Foreign store sales, trade, value, value adjusted 2 Freight-car loadings I If I •§ B3 r i fl P P Monthly average, 1923-25=100 1930: May 1931: May 1932: May June July August September October November December 1933: January February March April May Monthly average, January through May: 1931 1932 1933 — 105 j if KB •I Monthly average, 1926=100 106 90 102 84 102 87 101 87 104 87 91.4 77.8 94.4 72.1 97 79 96 79 101 92 98 89 105 97 105 97 90 57 86 55 123.6 103.2 105 65 73.2 60 59 55 58 66 66 63 58 65 61 62 66 73 80 78 72 60 59 58 60 66 66 65 66 58 58 57 59 65 65 64 64 67 63 64 65 70 74 75 76 62.1 60.0 58.3 58.8 60.3 61.1 61.2 60.6 46.2 42.6 39.6 40.1 42.1 43.5 41.8 40.9 53 52 51 53 61 65 58 52 54 52 51 51 54 57 57 58 74 71 68 68 72 72 70 64 71 71 69 68 69 69 68 69 72 66 46 49 71 75 73 106 72 69 65 65 68 69 63 60 37 34 32 31 33 33 32 33 34 36 27 29 32 32 32 30 63.4 65.4 63.4 59.6 59.6 62.6 55.4 65.0 26 27 27 30 30 29 27 28 64.4 63.9 64.5 65.2 65.3 64.4 63.9 62.6 63 63 59 68 80 71 76 74 65 77 65 64 60 67 76 64 62 57 66 76 73 79 81 72 79 59.4 59.4 56.6 57.7 60.6 39.2 40.0 36.9 38.6 42.0 51 51 48 51 56 56 54 50 53 56 65 64 63 65 68 69 66 62 63 66 49 49 50 68 67 60 60 57 67 67 31 29 28 29 32 29 26 26 25 32 61.1 52.7 48.7 53.8 58.3 22 19 14 14 17 61.0 59.8 60.2 60.4 62.7 88 66 67 84 73 73 72.4 50.6 39.3 77.8 65.7 58.7 76 57 51 62 41 30 56 38 28 99.5 70 3 54.9 65 1 Adjusted for number of working days. 88 75 65 2 90 69 57 Adjusted for seasonal variation. 75.8 65.9 60. & SURVEY OF CURRENT BUSINESS July 1933 Comparison of Principal Data, 1929 to 1933 \FIRST 5 MONTHS V//////////A REMAINDER OF KEAR BANK DEBITS OUTSIDE NEW YORK CITY- (BILLIONS OF DOLLARS) 50 100 150 300 250 200 350 V//////////////////////A CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS) 1 2 3 A5 6 7 lo !932pBp^^^ 1931 • • • • • I I I V/////////////A 1980 • • • • • • • WM(/////f/////////{////f//// 1929 • • • • • • • WKK^Ktd(/////f////{///^ 1 1 1 i Y//////\ i - STEEL INGOT PRODUCTION - (MILLIONS OF TONS) lo to 19331—1| | 20 30 1931 WBHSMA I930HHHBHI WKm222Z 19 29 • • • • • • i i 40 60 50 70 V//A Y////////A i AUTOMOBILE PRODUCTION "(THOUSANDS OF CARS) 2000 1000 3000 4000 5000 '///////////////////A FREIGHT CAR LOADINGS -(MILLIONS OF CARS) b io 1 1 i i 20 30 40 1 1933 • • • • • • i p p , , V////////A V//(//////f//////f/A 193 0 • • • • • • • • • 1929 • • • • • • • • i i i « V//(//////(//////{/////fy V/////////{///////^^^^ 50 SURVEY OF CURRENT BUSINESS July 1933 Commodity Prices T HE upward movement of commodity prices was accelerated during May and the first half of June. The rise has derived some of its momentum from the continued contraseasonal gains in business activity, but the inflation program of the Government and its anticipated effects have been an important influence. While certain raw materials and foodstuffs have appreciated to a greater extent than the decline in the foreign exchange value of the dollar, the general level of wholesale prices has risen much less. Measured by the principal European gold currencies, the dollar has been quoted at a discount of from 15 to 20 percent, while the Bureau of Labor Statistics index of wholesale prices, based on 784 commodities or price series, has increased 8.2 percent since the low point touched in early March. The cost of living in May rose slightly less than 1 percent from the April low point. Wholesale prices which averaged 3.8 percent higher in May than in April, the largest monthly increase since April 1920, advanced 1.1 percent further from June 3 to 17, and on the latter date reached a level 0.9 percent higher than the June 1932 average. Of the 784 commodities or price series included in the Bureau of Labor Statistics index, 364 advanced from April to May, 371 showed no change, and only 49 declined. Nine of the ten groups advanced as did 35 of the 44 subgroups. Nineteen of the subgroups crossed or equaled the levels of May 1932. Prices of farm products at wholesale markets averaged 13 percent higher than in April; foods, 5.9 percent; hides and leather products, 10.8 percent; textiles, 7.9 percent; chemicals and drugs, 2.5 percent; and metals and metal products, building materials, and miscellaneous articles, 1 to 2 percent. Food retail prices rose 3.7 percent from April 15 to May 15, the first increase since the fractional rise of last October and the greatest monthly advance since August 1921. Of the 42 articles of foods on which quotations are regularly received, prices of 30 increased from April to May, 5 decreased, and 7 showed no change. This compares with 12 increases, 17 decreases, and 13 unchanged quotations from March to April. After having risen 27 percent during the preceding 3 months, the general level of farm prices was fairly steady from mid-May to mid-June according to reports reaching the Department of Agriculture. From April 15 to May 15 grain and cotton and cottonseed prices rose nearly one third, meat animals 14 percent, chickens and eggs 11 percent, dairy products 7 percent, and fruits and vegetables 3 percent. As farm marketings of grains and cotton are relatively small at this time of the year, farm cash income from a price advance in these products so far has not been greatly increased. INDEXES OF COMMODITY PRICES Retail Wholesale (Department of Labor) Economic classes P Groups fig II U ll a II Year and month Monthly average 1926=100 1930: May 1931: May _. 1932: May _. June July August September October November. December 1933: January February March April.. May Monthly average, January through May: 1931 1932 « s 11 Dec. Mo. Mo. Mo. 1930 average average 1909 to average (Jan. 1, 1923= 1914= 1913= 1931) = 100 100 100 100 108.6 97.2 124 150 93.4 121 86.9 88.8 73.2 90.1 76.9 87.8 66.5 83.1 69.8 93.0 67.1 82.1 59.6 92.2 101.3 73.8 74.4 87.3 75.1 92.4 80.0 90.2 80.5 80.3 102.6 65.3 87.6 93.5 86.8 93.5 85.0 83.4 67.4 80.4 70.5 64.4 63.9 64.5 65.2 65.3 64.4 63.9 62.6 70.3 70.0 70.5 70.7 70.4 69.6 69.3 68.4 53.9 53.2 54.7 55.7 56.2 54.6 54.2 52.1 58.1 57.6 55.5 57.9 60.7 60.7 58.9 57.7 46.6 45.7 47.9 49.1 49.1 46.9 46.7 44.1 42.6 37.7 36.7 38.2 37.4 34.4 33.2 31.7 59.3 58.8 60.9 61.8 61.8 60.5 60.6 58.3 56.5 56.0 62.0 61.9 60.9 56.4 53.7 49.4 70.4 70.1 69.7 70.1 70.4 70.2 69.8 69.0 71.5 70.8 69.7 69.6 70.5 70.7 70.7 70.8 73.6 73.1 73.0 73.3 72.9 72.7 72.4 72.3 70.7 72.5 71.6 70.8 72.3 68.6 72.1 69.7 70.8 72.2 71.1 72.8 71.4 71.4 69.3 69.6 74.8 74.7 74.0 73.6 73.7 73.7 73.7 73.6 80.1 79.9 79.2 80.1 80.1 80.3 79.6 79.4 54.3 52.7 51.5 52.7 55.6 55.0 53.9 53.0 64.4 64.2 64.3 64.6 64.7 64.1 63.7 63.4 77.9 77.2 77.0 76.8 76.6 76.1 75.6 75.1 61.0 59.8 60.2 60.4 62.7 66.7 65.7 65.7 65.7 67.2 50.2 48.4 49.4 50.0 53.7 56.9 56.3 56.9 57.3 61.3 42.6 40.9 42.8 44.5 50.2 32.9 32.7 36.0 44.8 52.8 55.8 53.7 54.6 56.1 59.4 49.5 50.2 50.5 50.3 52.3 67.3 66.0 65.8 65.3 66.5 70.1 69.8 70.3 70.2 71.4 71.6 71.3 71.2 71.4 73.2 66.0 68.9 63.6 68.0 62.9 68.1 61.5 69.4 60.4 76.9 72.9 72.3 72.2 71.5 71.7 78.2 77.4 77.2 76.9 77.7 51.9 61. 2 51.3 51.8 55.9 61.2 59.2 58.9 57.8 58.9 73.7 72.1 71.8 71.5 72.1 75.8 65.9 60.8 79.3 71.3 66.2 69.5 56.1 50.3 72.2 60.7 57.7 70.2 49.9 44.2 60.2 44.7 39.8 77.3 62.0 55.9 81.7 59.8 50.6 77.1 71.0 66.2 82.1 82.5 73.1 74.9 70.4 71.7 87.7 76.5 70.3 87.8 76.7 72.1 86.1 80.8 77.5 69.6 57.5 52.4 71.5 64.8 59.2 89.0 79.6 72.2 69.0 69.0 62.9 o 101 100 101 101 100 100 99 76.8 75.1 74.0 73.6 73.6 73.3 72.6 71.8 71.1 69.9 69.7 69.4 70.4 105 92 95.5 79.1 70.1 6 SURVEY OF CURRENT BUSINESS July 1933 Domestic Trade indexes have not kept pace with DISTRIBUTION the rise in productive activity, but there has been reported sales close to and, in some instances, higher than a year ago. a narrowing of the decline in comparison with a year Merchandise l.c.l. loadings show a continued tendago and during June, sales gave evidence of holding ency to lag, and this is the only freight classification up well despite adverse seasonal influences. Sales still running behind last year. May shipments inin certain lines, notably automobiles, have improved creased to the highest point since November, although considerably. Retail sales through the department, the adjusted index advanced only to the February chain store, and mail-order houses, however, have figure. The spread with relation to last year has narexpanded only moderately since April. A year ago rowed, the latest week's figure being 4 percent below retail trade was declining and, after allowing for the the same week of 1932, compared with a decline for the drop in prices in the year's interval, retail sales year to date of 13 percent. in May were in excess of a year ago in volume. Commercial failures in May and June have continued The unadjusted index of department storesales in to reflect considerable improvement over the 3 preMay was slightly lower than in April, while the ceding years. May failures were the fewest for the adjusted index remained unchanged at 68 percent of month of any year since 1929, and the liabilities the 1923-25 average. In comparison with the early involved were also the smallest for the month since months of the year, the spread has narrowed con- that year. For the first 5 months commercial failures siderably, the May adjusted index being 7 percent were one fourth less than in the corresponding period of below last year in comparison with an average drop 1932, and the liabilities involved dropped 37 percent. for the 5 months of 17 percent. A number of the Newspaper advertising linage increased in May, and Federal Reserve districts, including Atlanta, Dallas, the reduction from last year's figure narrowed. The Minneapolis, and San Francisco, reported higher sales total for 22 cities was 11 percent less than in May than in May 1932. In the Kansas City district they 1932, compared with an average reduction for the 5 were equal to last year. The indexes by districts do months of 22 percent. Radio advertising expendinot take into account the extra trading day in May. tures were reduced further in May and there was also Sales of the leading mail order companies, including a drop in the payments for magazine advertising. catalog and store sales, increased in May contrary to Postal receipts in May were higher than in the same the usual trend for the month. The value was 7 per- month of 1932, the first time since November 1932 cent larger than in April and was only 2 percent below that collections have shown an increase over the year a year ago. The leading chain store organizations previous. DOMESTIC TRADE STATISTICS Freight-car Department- Department- loadings, store stocks 3 chandise merstore sales l.c.l. Year and month Unad- Adjust- justed i ed « Unad- Adjust- justed 2 ed Unad- Adjust- justed Monthly average, 1923-25=100 1930: M a y 1931: M a y 1932: May ._. June July.... August September. __ October November December 1933: January February March April May Monthly average, January through M a y : 1931 1932 . 1933.. 1 Chain-store sales Mail Postal order receipts, 5and 10-cent and Com- (variety) store store 50 sebined sales sales, 2 lected index cities houses (20 com- Unad- Adpanies) justed justed Avg. same mo. 192931 = 100 Monthly average 1923-25= 100 105 97 98 85 96 84 101 92 162 156 175 168 59, 350 50,070 72 66 46 49 71 75 73 106 72 69 65 65 68 69 63 60 69 65 59 59 63 67 69 56 68 67 61 61 60 61 61 60 74 71 68 68 72 72 70 64 133 127 118 118 123 142 130 226 138 138 135 127 135 133 129 117 49 49 50 68 60 60 57 67 67 52 54 55 55 56 58 56 53 53 55 65 64 63 65 68 100 103 110 129 136 135 138 121 140 130 88 75 65 142 128 114 67 90 nQ 57 84 70 54 Corrected to average daily sales. 2 Adjusted for seasonal variation. Advertising linage Business incorporaFail- Liabil- Maga- News- tions, ities zine paper States Thou- MilNum- Thousands lions of ber ofsands dolls. of lines lines Thousands of dollars 105 97 Commercial failures Number 2,179 55, 541 2,248 53, 371 4,051 3,336 2,788 2,688 2.596 2,796 2,182 2,273 2,073 2,469 83,764 76,931 87,190 77, 031 56,128 52,870 53, 621 64,189 2,508 1,523 1,103 928 987 1,246 1, 364 1,252 2,863 3,107 2,534 2,909 2,66i 2,592 2,458 2,681 24,674 22, 559 24,422 23,810 24,393 2,919 2,378 1,948 1,921 1,909 79,101 65, 576 48,500 51, 098 47,972 1,266 1 584 1,791 1,910 1,922 3,307 2,839 2,674 2,665 3,373 28, 571 24,589 23,973 2,623 2,949 2,215 63, 768 92,071 58,449 2,918 2,126 1,695 3,163 3,076 2,972 38,718 39, 889 32,073 33, 777 39,156 45,423 41, 281 51, 556 31, 370 27,844 22, 621 22,006 23, 789 23, 851 25, 770 26,711 26,109 33,097 26,958 26,176 27, 554 35, 365 37,778 45, 207 35, 395 30,566 3 E n d of month figures. 100 3,320 SURVEY OF CURRENT BUSINESS July 1933 Employment increases in both employment WIDESPREAD and pay rolls were reported for May, and the upward trend has continued in June. On a percentage basis some of the gains recorded have been large, although in general they have not matched the production increases, and the current indexes remain at a very low level. While the upward trend in manufacturing activities has been uneven, nearly all the reporting industries shared in the movement. Of the 89 manufacturing industries reporting to the Bureau of Labor Statistics, 72 showed higher employment and 81 larger pay rolls in May than in April. After adjustment for seasonal factors, the index of factory employment increased 5 percent during May, the largest relative increase for 1 month as far back as the index is available (1919). Despite the recent betterment the adjusted index of factory employment advanced in May only to the level of last December and was 2.4 percent below a year ago. The pay-roll index advanced 9 percent to the highest point since last October, and was 9.1 percent below the May 1932 figure. Employment in all of the major groups, with the exception of chemicals and allied products, was higher than in the preceding month. The increase in employment in the other groups were fairly uniform. The individual industries reporting the largest gains included the beverage, cotton, silk, rayon, and woolen goods, plumbers' supplies, radio and phonographs, aircraft, glass, leather, rubber tires and tubes, and tobacco manufactures. The improvement in employment and pay rolls was shared by the nonmanufacturing industries. Of the 16 groups in this class, 9 reported larger employment, and in several of those where the number on the pay roll was reduced, the decline was smaller than usual for the month. Aside from the quarrying and nonmetallic mining and building construction groups, which showed increases of 11 percent and 8.9 percent, respectively, the gains were slight. Larger pay rolls were reported in all but four of the nonmanufacturing groups, the exceptions being the anthracite, retail trade, canning and preserving and dyeing and cleaning groups. The industries reporting larger pay rolls with reduced employment were bituminous coal, telephone and telegraph, electric-railroad and motor-bus operation and maintenance, and hotels. One of the major objects of the recently enacted industrial recovery act is the providing of additional work opportunities and the raising of the wage scale. While wage increases have been announced recently by a number of leading organizations, the trend of average hourly rates was still downward in May. In that month, average weekly factory earnings increased to $16.71 compared with $15.39 in April and $17.17 in May 1932. Average hourly earnings, which in April were unchanged at the March figure of 46 cents, dropped to 45.3 cents, compared with the average hourly rate of 51 cents in May 1932. Employment among trade-union members was slightly improved during May, increases being reported for the building and metal trades groups. STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES Factory employment and pay rolls, F.R.B. Employment Year and month Pay rolls Anthracite mining EmUnad- Ad- Unad- ployjusted justed justed ment Pay rolls Bituminous coal mining Power, light, Telephone and water and telegraph Employment Employment Monthly avera 1923-25=100 1930: May 1931: May 1932: May._ June July August September October November December 1933: January... February March April May Monthly average, January through May: 1931 1932 1933 Wages Nonmanufacturing employment and pay rolls Pay rolls Employment Pay rolls Pay rolls Retail trade Employment Pay rolls Tradeunion Factory 2 members emComployed Aver- Avermon age labor age weekly hourly Percent of total members Monthly average, 1929=100 ings ings Dollars Cents per hour 90.9 77.1 91.4 77.8 94.4 72.1 93.8 80.3 98.8 76.1 90.4 82.4 77.5 54.4 103.4 97.6 104.5 98.7 99.7 87.4 103.2 94.1 96.7 89.9 97.3 88.0 26. 71 24.25 . 592 .570 40 37 61.3 59.1 57.2 58.6 61.5 62.0 60.9 59.6 62.1 60.0 58.3 58.8 60.3 61.1 61.2 60.6 46.2 42.6 39.6 40.1 42.1 43.5 41.8 40.9 66.9 53.0 44.5 49.2 55.8 63.9 62.7 62.3 58.0 37.4 34.5 41.4 47.0 66.7 51.0 56.2 62.6 60.5 58.6 59.4 62.4 67.0 69.4 70.0 30.7 27.3 24.4 26.4 30.2 37.8 38.0 37.7 84.0 83.2 82.3 81.5 81.0 79.9 79.1 78.4 84.2 80.5 78.7 76.7 74.7 74.4 73.2 73.2 79.9 79.1 78.1 77.4 76.2 75.5 74.8 82.8 82.1 79.6 79.1 75.9 75.7 74.3 73.5 79.4 74.6 72.6 77.8 81.3 81.7 95.2 71.1 68.2 63.3 60.7 64.6 67.1 66.9 73.6 17.17 16.24 15.43 15. 35 16.23 16.86 16.84 16.37 .510 .500 .489 .487 .479 .474 .468 .467 32 33 32 32 32 32 32 32 58.1 59.2 56.7 57.8 60.0 59.4 59.4 56.6 57.7 60.6 39.2 40.0 36.9 38.6 42.0 52.5 58.7 54.6 51.6 43.3 43.2 56.8 48.8 37.4 69.8 69.3 67.6 63.7 61.3 36.1 37.2 30.7 26.6 36.9 77.7 77.4 76.9 76.9 76.9 73.0 71.6 71.9 69.4 69.9 74.6 73.9 73.2 72.3 70.1 71.7 71.9 71.6 67.8 68.5 76.9 73.4 71.4 78.6 77.0 62.7 58.4 55.1 60.4 59.5 16.21 16.13 14.56 15.39 16.71 .464 .460 .460 .453 72.4 50.6 39.3 85.5 71.6 52.1 82.8 62.0 43.2 88.5 72.3 66.3 64.0 41.1 31.5 97.7 86.2 77.2 99.4 85.3 71.2 81.7 72.8 95.6 86.6 70.3 89.0 81.7 75.5 88.0 73.8 59.2 23.87 18.37 15.80 .574 .521 .461 77.4 65.0 58.4 1 Adjusted for seasonal variation. 2 National Industrial Conference Board. 32 32 32 33 36 33 8 SURVEY OF CURRENT BUSINESS July 1933 Finance T HE passage by Congress of a resolution repealing the gold clause in public and private contracts and the enactment of the Glass-Steagall banking bill were among the important pieces of legislation enacted during May and the first half of June. The former declared (1) that the clauses in public and private obligations payable in gold are contrary to public policy, and (2) that obligations may be discharged in legal tender. The latter contained provisions for (1) the insurance of bank deposits within certain limits, (2) the extension of branch banking by national banks in States which permit State institutions to have branches, (3) the divorcing of security affiliates from commercial banks within a year, (4) the severance of deposit banking from investment banking, (5) the prohibition of interest payments on demand deposits, and other provisions of importance. Another important legislative act was the Securities Act of 1933, approved May 27, 1933, which is designed "to provide full and fair disclosure of the character of securities sold in interstate and foreign commerce" and to prevent frauds in the sale and distribution of securities. Member bank credit outstanding, as estimated on the basis of reports by banks in 90 cities, showed a slight increase during May and the first half of June. Deposits during the last 2 months have tended to increase more rapidly than loans and investments, owing to the return flow of currency to the banks after the bank holiday and the use of these funds by the member banks to reduce their outstanding credit at the Federal Reserve banks. During the period under review total Federal Reserve credit outstanding has declined, largely as a result of a drop in total bills discounted and in bills purchased in the open market. As the first step in the credit expansion provided for by recent legislation the Federal Reserve banks purchased approximately $25,000,000 of Government securities during the week beginning May 17 and holdings have steadily increased since that time. Although, owing to the embargo, gold movements during May were virtually limited to releases from earmark, the gold reserves of the Federal Reserve banks increased by more than $100,000,000 as a result of the continued flow of gold coin and certificates to the banks. Stock prices have moved steadily upward in sympathy with a decline in the foreign exchange value of the dollar and in reflection of the increase in business activity. During the closing days of May trading rose to record levels. Bond prices moved upward with more consistency although lower grade issues tended to keep in sympathy with the more irregular movement of stocks. The increased activity in the security markets led to a marked increase in broker's loans. At the same time call-loan rates declined until they reached their former low level of 1 percent. Rates on commercial paper and on acceptances also tended downward. CREDIT AND BANKING STATISTICS Bank debits Tear and month New York City Outside New York City R e p o r t i n g member banks, Wednesday closest to end of month Loans All on other securi- loans ties Investments Condition of Federal Eeserve banks, end of month Net Total gold bankimDePostal er's ac- ports Savings* Reserve bank credit outstanding ceptinMoney posits, New balMem- ances cluding in York ance to outgold circu- State ber credit United rebank standBills States Total lation savings of deBills bought leased banks positors dis- in the Govern- deposits reserve from acTotal countend of ment count month earopen securied mark i market ties Thousands of dollars Millions of dollars 1930: May 1931: May—1932: May June . . . July. August September. October... November. December. 1933: January... February._ March April May 37,423 25,072 24, 388 18,858 8,421 6,867 8,416 7,863 5,889 7,806 1,049 917 313 174 185 125 528 598 2,436 2, 442 2,369 2,389 1,382 1,413 25.5 53.6 4,497 4,679 4, 505 5,083 153,846 325,028 12,913 14,202 12,728 13, 458 14,163 12,944 9,815 13,967 12,498 12,901 12, 511 11,756 11, 767 12, 354 10, 935 12,820 4,907 4,745 4,631 4,512 4,521 4,311 4,288 4,315 6,724 6,518 6,365 6,284 6,185 6,130 6,125 5,982 7,385 7,491 7,700 7,743 8,201 8, 585 8, 589 8,507 2,096 2,310 2,439 2,331 2,233 2,227 2,202 2,145 490 440 538 433 332 228 309 235 36 67 43 34 33 34 35 33 1,549 1,784 1,841 1,852 1,854 1,851 1,851 1,855 2,240 2,028 2,158 2,241 2,312 2,446 2,484 2,561 2,113 1, 982 2,052 2,146 2,225 2,383 2,411 2,509 787 747 705 681 683 699 720 710 -217. 7 -234.8 £2.8 106.6 100.2 66.4 70.3 171.9 5,456 5, 530 5,752 5,720 5,685 5,643 5,643 5,699 5, 243 5, 2S2 5,253 5, 243 5,282 5,271 5, 265 5,314 742,645 784,820 828, 549 847,421 858,720 870,823 884, 297 900,796 12,413 12,03G 12,454 12, 012 13,977 12,053 10, 401 9, 608 10,612 11,509 4, 259 4,234 5,907 5,393 8,559 8,196 / 4,155 / 4,172 /5,549 2,077 2,794 2,572 2,459 3,318 274 582 426 435 303 31 336 205 171 30 1, 763 1,866 1,838 1,837 1,890 2, 554 2,236 2,133 2,380 3,394 2,446 2,141 1,949 2,132 3,167 707 704 671 697 669 37.0 -169.4 -113.3 23.7 1.0 5,631 5,892 6,998 6,137 5,876 5,317 5,269 5,220 5,164 5,113 942, 519 1,006,185 1,112, 715 1,157, 652 1,178,343 / 5. 472 1 Net exports indicated by (—). / 8, 570 /8,633 / Estimated on basis of new report covering 90 cities; old report covered 101 cities. SURVEY OF CURRENT BUSINESS July 1933 Foreign Trade OREIGN trade during May showed a relatively Flarge increase as compared with the preceding class. Increases in value ranged from 35 percent for semimanufactures to 13 percent for finished manufacmonth, contrary to the usual seasonal trend. The tures. Principal articles showing increases were adjusted index for exports advanced from 29 to 32 leather, lumber, paper base stocks, and tin among the percent of the 1923-25 average, while that for imports semimanufactures; cotton manufactures and newsincreased from 25 to 32, the highest figure since last print among the finished manufactures; hides and June. The value of exports was $114,200,000, 8.6 skins, oilseeds, and raw silk among the crude materials; percent higher than in April. Imports reached and coffee, sugar, and fruits among the foodstuffs. $106,900,000 an increase of 21 percent for the month. Tin imports increased in April and again in May to Compared with May 1932, exports were 13 percent a total of 12,824,000 pounds which represented a and imports 5 percent smaller. As a result of the larger quantity than for any month since April 1930. greater advance in imports, the favorable merchandise Imports of hides and skins and leather were the balance was reduced to $7,300,000. For the elapsed largest for any month since the latter part of 1931. 5 months of this year, exports have exceeded imports Raw silk, coffee, and wood pulp imports were larger by $79,300,000 whereas in the corresponding period of in quantity than in the preceding month or in May 1932 the excess was $89,400,000. 1932, although for the 5 months ended May 1933 they The outstanding change in exports during May oc- were smaller than in the corresponding period of curred in shipments of unmanufactured cotton. These 1932. Imports of lumber and newsprint were conincreased from 240,300,000 pounds in April to siderably smaller than in May 1932. An increase in 326,500,000 pounds in May, while the increase in the proportion of Philippine sugar imported in May value of cotton—$9,100,000—was slightly greater accounted for the increase of $2,200,000 in the value than the increase for all exports. Among other lead- of total sugar imports. In quantity, imports of sugar ing commodities, exports of lard, canned fruit, were slightly smaller than in April. oranges, lumber, coal, iron and steel products, elecUnit values of a large number of leading export and trical appliances, and various classes of machinery import commodities showed increases during May increased during May while leaf tobacco and mineral and a few were higher than a year ago. The increase oil exports were considerably smaller. in the unit price of unmanufactured cotton from 7.05 The increase in imports during May was due to cents per pound in April to 7.98 cents per pound in larger shipments of a wide range of commodities. May accounted for nearly one third of the increase in These were reflected in the totals for each economic the value of cotton exports. EXPORTS AND IMPORTS Exports of United States merchandise Indexes Exports, Total Total includeximing ports, ports, Year and month reexadadjusted^ justed^ ports Crude materials Total Total Raw cotton Foodstuffs Total SemiFruits manufacand prep- tures arations Monthly average 1923-25=100 1930: May 1931: May___ 1932: May. June July August September October November December 1933: January February March April May Cumulative, January through May: 1931 1932 1933 2 62 241 2 Total AutomoMa- biles, chin- parts, and ery accessories Total FinCrude Food- Semiished man- manmaterials stuffs ufactures ufactures Millions of dollars 320.0 204.0 312.5 199.2 40.7 36.5 19.0 18.9 42.8 29.4 4.9 6.6 49.9 29.9 179.0 103.4 49.7 26.5 29.3 14.3 284.7 179.7 54.2 76.3 49.6 53.4 30.4 68.4 45.5 131.9 114.1 106.8 108.6 132.0 153.1 138.8 131.6 128.6 109.5 104.3 106.3 129.4 151.0 136.4 129.0 29.8 24.2 27.6 29.7 47.4 60.5 55.3 52.2 17.7 13.4 15.9 18.1 32.1 40.0 38.5 39.0 20.0 18.0 15.6 17.3 20.4 25.2 19.9 16.0 4.5 3.7 4.3 5.4 9.6 12.2 7.9 4.8 18.2 14.7 14.1 12.9 15.9 16.9 14.6 15.7 60.5 52.5 47.0 46.3 45.9 48.4 46.6 45.0 11.3 10.3 9.6 9.0 9.1 11.6 10.2 9.7 7.9 6.3 6.2 5.1 4.9 5.0 4.4 5.1 112.3 110.3 79.4 91.1 98.4 105.5 104.5 97.1 28.4 29.6 19.5 22.2 27.3 27.2 27.8 28.7 37.2 32.8 26.3 29.2 31.3 33.5 32.0 28.2 17.2 18.5 11.9 15.1 14.6 16.7 16.6 16.7 29.5 29.4 21.8 24.6 25.3 28.1 28.1 23.4 120.6 101.5 108.0 105.2 114.2 118.6 99.4 106.3 103.1 111.9 42.3 31.8 29.4 28.6 35.0 29.7 20.6 18.1 16.9 26.1 16.2 12.8 13.4 11.3 13.0 4.6 3.8 3.9 2.9 3.8 15.8 13.2 16.5 15.3 17.6 44.3 41.5 47.0 47.9 46.2 9.2 8.5 9.4 8.8 9.1 6.5 6.3 6.9 7.4 7.4 96.0 83.8 94.9 88.4 106.9 27.2 21.1 23.6 21.1 24.9 30.7 30.0 33.6 32.8 40.0 16.2 13.6 14.8 13.5 18.3 21.9 19.1 22.9 20.9 23.6 2 56 1,128. 9 1,106. 8 710.2 2 38 725.9 239.3 216.6 167.1 134.4 148.3 111.4 155.6 109.1 66.7 43.3 28.8 19.0 154.4 92.0 78.4 557.4 292.4 226.9 168.2 62.1 45.0 81.8 39.3 34.5 933.7 636.5 470.0 289.1 176.1 117.9 246.0 193,7 167.1 171.9 106.8 76.4 226.6 159.9 108.4 549.7 30 1 182446—33- General imports Finished manufactures 539.3 Adjusted for seasonal variation. 2 Monthly average. 10 SURVEY OF CURRENT BUSINESS July 1933 Real Estate and Construction ONSTRUCTION contracts awarded in the first C half of June reached a total of about $60,000,000 which, on a daily average basis, represented the highest activity level since last fall. The increases occurred in all three of the major groups, but the most pronounced gain was in nonresidential construction. The program of public works provided for in recent legislation, which contemplated expenditures totaling $3,300,000,000, is looked to for a needed stimulus to this basic industry. The extremely low level to which activity has been reduced is indicated by the Federal Reserve Board's index, which has averaged 17 percent of the 1923-25 average in the first 5 months of the year. Plans are being pushed to get public expenditures under this program started. May contract awards were larger than in the previous month, the increase amounting to 35 percent. The total, however, was less than the value of awards in January and but 53 percent of the amount reported last May. Measurable footage of contracts was approximately the same as a year ago. For the first 5 months of the year, the average value of undertakings was not much more than half that in the similar period of 1932. Two years ago contracts awarded were four times as large. A steady increase in residential building activity from the low point reached in February brought the total value of that class of undertakings during May to the highest level in over a year. Last May a decrease from the previous month occurred in these contracts. In May 1931, the value of residential construction was almost three and a half times as great. The value of public works and utility contracts in May increased 40 percent over the low record of the previous month; for the year so far the amount was 43 percent less than the corresponding valuation of last year. As is expected at this season, building material shipments advanced over the levels of the previous month. The increase in cement shipments amounted to 36 percent. Oak flooring shipments, which increased 53 percent, as compared to an advance of 3 percent at this time last year, were at the highest level since October 1931. They were only slightly more than half the amount reported in May 1931. Building material prices for brick houses showed no change from the low level of the previous month, and the slight increase which occurred in frame-house materials was insufficient to bring prices above the monthly average level for the first 5 months of the year. An advance of 2.6 percent in the index of the Engineering News-Record which includes prices of structural steel shapes, cement, lumber, and the rates paid common labor, indicated construction costs were near the level prevailing at the end of 1931. The real estate market continued stagnant. The only longterm real estate bonds floated so far this year was !a relatively small amount during February. BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE Building material shipments F.R.B. index adjusted i Tear and month 1930: May 1931: May 1932: May.. June July. August September October November.. _ December 1933: January February March _._ April May M o n t h l y average, January through M a y : 1931_ _ ___. 1932_._ .__ 1933 AH types of construction Residential building BuOding material prices Real Construc- estate marExplotion sives, costs, ket acnew Frame Brick Eng. tivity, deeds orders Oak Maple Public works Cehouse house News- recordfloor- floor- ment Record ed and utilities (6(6ing ing room) room) Construction contracts awarded Longterm real estate bonds issued MonthMilThou' Mil- Thou- Thousands of ThouMil- sands av- Thoulions of lions of lions of sands of feet, board sands of First of month, month- ly of erage sands of square dollars square dollars pounds ly average 1913=100 barrels 1926= measure dollars feet feet 100 Monthly average 1923-25= 100 Millions of square feet Millions of dollars 105 65 53.7 38.9 457 306 23.5 21.9 116.6 1,099 387 152.1 108.9 33,340 26,441 4,669 3,315 30, 295 27, 745 17, 224 11, 200 177 160 181 167 205.9 189.3 73.5 61.3 3,813 9,485 26 27 27 30 30 29 27 28 1.5.7 12.3 14.4 13.9 13.5 11.0 12.1 6.9 146 113 129 134 128 107 105 81 6.7 5.8 5.5 5.5 6.6 6.0 5.5 3.4 25.6 23.1 19.7 20.8 22.8 21.9 19.2 13.0 182 106 265 205 243 138 543 181 61.7 50.1 60.0 64.2 68.7 58.5 54.2 43.3 16,139 14,319 14,473 17,607 20,867 22,122 19, 074 17,998 2,325 2, 281 2,264 2,816 2,402 2, 031 1,902 1,590 12,939 10, 253 7,699 11, 626 11, 739 10, 657 5,918 4,327 8,020 9, 264 9,218 10, 968 9,729 8,743 4,782 2,835 152 150 148 148 149 148 148 149 157 157 154 155 155 153 154 153 152.8 152.2 153.4 156.8 158.0 159. 2 158.2 158.5 51.6 55.2 47.2 54.2 53.4 60.4 50.1 52.9 0 0 700 0 220 200 22 19 14 14 17 8.5 7.4 9.9 10.9 15.3 83 53 60 57 77 3.2 3.1 4.8 5.8 8.4 12.0 11.8 16.0 19.1 832 148 117 85 400 42.7 17.2 17.6 13.6 19.0 17,129 15,437 15,435 15,006 19, 975 1,496 1, 318 1,246 2,097 4,433 6,074 7,573 9,479 14,549 2,502 2,278 3,510 4,949 6,748 147 146 147 143 145 152 151 153 150 150 158.4 159.3 158.4 160.2 164.4 50.4 57.2 41.7 41.1 0 900 0 0 33.8 14.3 10.4 295 111 66 19.1 7.1 5.1 83.6 27.9 17.1 467 213 316 113.5 38.3 25,887 17, 734 16,596 « 2,873 « 2,129 «1,539 24,444 12, 377 5,008 3,997 162 155 146 169 161 151 193.3 1.57. 5 160.1 « 64.1 "56.5 "47.6 5,369 494 180 i Based on 3-month moving average and adjusted for seasonal variation. " 4 months' average. SURVEY OF CURRENT BUSINESS July 1933 11 Transportation productive activity has been reflectEXPANDING ' ed in a steady advance in carloadings which, for each of the 6 weeks ended June 17, exceeded the loadings in the corresponding period of 1932. This is the first time since 1929 that improvement has been shown over the preceding year's record. Average weekly loadings for the 2 weeks ended June 17, were 576,238 cars, compared with an average of 492,000 cars in the full month of June 1932. The May rise was in excess of the seasonal gain for the month and the adjusted index advanced to 56 percent of the 1923-25 average compared with 53 in April and 54 in May 1932. The rise in loadings in May extended to all classes with the major part of the increase concentrated in the miscellaneous group. All classes, with the exception of livestock and l.c.l. merchandise, were larger in May than a year ago. The weekly l.c.l. loadings have not yet crossed last year's figures and for the latest week reported were 4 percent lower. The adjusted index for May increased 5 percent above April, but was no higher than in February and was 7 percent below a year ago. The relative increase in total loadings since March has been much less than the increase in production, the adjusted carloadings index advancing 12 percent and the production index 27 percent. The first operating reports for May reveal a decided improvement in net operating income for the month. These early returns indicate that the May total was much more than double the figure of a year ago. In April, the net operating income was only 8 percent below last year and as there was a sharp drop in May 1932 and an increase this year, the comparison for last month should be decidedly favorable. Nevertheless, much further improvement is needed to restore the impaired earning capacity of the roads. In the first 4 months of 1933 the net operating income of the class I carriers amounted to $52,761,317, compared with $85,647,469 in 1932. The railroads gave notice on June 15 of their intention to seek an additional 12}£ percent reduction in the basic pay scale which would increase the cut now in effect to 22^ percent. Through the mediation of the Federal coordinator, appointed under the recent legislative enactment, an agreement was reached on June 21 whereby the railroads agreed to defer action in this regard until June 30, 1934. The Railroad Credit Corporation announced that at the termination of the lending period on May 31, substantially all of the emergency revenues which accrued to the carriers up to and including March had been received and allocated. Loans actually made totaled $73,691,368. Prospects of the equipment branch have brightened somewhat with the better traffic returns, although the improvement in May was slight and was confined to the repair industry. Employment in this group was up 3 percent and pay rolls 7 percent. In the manufacturing branch, conditions were unchanged* RAIL AND WATER TRAFFIC Financial statistics Freight-car loadings F.R.B. index I "2-S f Year and month Canal traffic I I ©St- .3 i 8 Monthly average, 1923-25= 100 912.7 739.7 1930: May 1931: M a y 1932: May June July — August September October.. November— December 1933: January... February March. _ April May Monthly average, January through May: 19311932 1933 i Daily average basis. 2 Thousands Thousands of cars * 135.8 113.9 9.4 6.5 51.9 32.9 37.3 35.8 22.8 20.4 239.8 217.5 55.6 17.3 360.1 295.4 442 616 Thousands of dollars 2,351 69,323 36,600 1,900 41,700 31, 500 522.0 491.6 484.4 516.3 561.1 631.6 548.8 497.4 74.6 66.7 72.3 84.6 103.6 135.2 122.8 125.2 3.1 2.9 2.6 2.7 3.4 4.8 4.8 5.6 18.7 16.8 14.6 15.5 17.1 18.9 16.0 13.2 29.2 25.3 36.9 38.5 37.1 34.7 27.8 26.5 17.1 14.9 14.4 16.9 20.3 23.4 19.0 16.6 182.1 170.5 163.3 169.1 170.3 178.7 166.5 155.4 2.6 3.5 6.1 7.1 6.1 6.4 3.0 1.8 194.5 190.9 174.3 181.9 203.2 229.6 189.0 153.1 751 773 764 708 599 545 622 647 1,270 1,300 1,276 1,323 1,339 1,158 1,078 1,248 477.6 489.5 460.3 500.9 533.0 107.1 123.1 91.4 79.5 79.6 5.2 6.2 4.5 3.4 3.8 13.7 13.7 14.6 17.2 30.8 26.6 25.3 26.0 35.5 37.0 17.2 15.4 13.0 16.5 16.6 153.4 154.6 156.1 160.5 165.3 1.8 1.8 2.0 3.2 7.7 152.6 149.4 152.7 185.2 301.3 692 650 681 619 553 1,158 13, 266 10, 500 952 9,855 8,000 872 10,548 11, 300 974 19,042 11,500 1,435 731.5 554.9 493.5 130.4 103.1 95.3 7.8 4.9 4.6 33.5 19.2 16.1 30.8 30.3 21.9 18.7 15.8 216.7 185.1 158.1 2.9 3.3 274.1 190.1 169.0 730 638 • 2,019 37,778 42,480 a 1, 439 19, 534 28,400 "989 8,545 For seasonal variation. 3 American vessels, both directions. 4 11,951 17, 200 12, 653 9,900 11, 597 12,000 28,368 9,000 49, 647 7,300 63,839 10,400 34,179 7,500 32, 857 5,900 Average weekly basis. Thousands of short tons 11,320 4, 335 m 1,568 1,988 2,638 3,095 3,807 3,924 2,877 215 0 0 0 696 3,490 Thous. of long tons 402 457 415 454 376 528 478 554 588 0 1,116 937 0 0 0 183 543 560 623 724 302 783 662 633 576 650 638 723 682 587 920 658 593 o 4 months' average. 12 SURVEY OF CURRENT BUSINESS JuVy 1933 Automobiles and Rubber HILE June usually brings a recession in autoW mobile production, during the current month there has been a contraseasonal rise, according to the May. The trend in retail sales has continued upward in the first 3 weeks of June. Although exports of passenger cars and trucks during weekly estimates of output. The June figures are May declined slightly from shipments in the preceding expected to show a considerable increase over the May month, in each instance shipments for the first 5 total which was the largest since July 1931. months of the year were considerably above the corExpansion in automotive schedules during May responding totals for this period last year. Shipments Increased total output approximately 35,000 units over of both classes of motor vehicles, however, totaled production in the preceding month and a year ago. less than 60 percent of exports in these months of 1931. According to the Federal Reserve Board's index, adPreliminary estimates place production of pneujusted for seasonal factors, the gain over April matic tires for May 65 percent over the April showing amounted to 16 percent. Combined output in the and 35 percent above May 1932. These increases are first 5 months of the year was 9.4 percent higher than slightly less than the relative gains which occurred in the same period of 1932. Production of Canadian in total crude rubber consumption on the same basis plants during May was the largest in 2 years. of comparison. Reports indicate that shipments of Passenger car output in May was 46 percent above casings were well maintained during the month, while the monthly average output for the year. The num- manufacturers' inventories declined slightly at the end ber of trucks produced so far this year was slightly less of May and were about 25 percent below stocks on than in the corresponding months of 1932, although May 31, 1932. the trend has been steadily upward since February. A sharp increase in domestic consumption of crude Output of taxicabs fell off, but for the year to date rubber during May raised the total 70 percent above more than four times as many have been produced the April figure, whereas last year the increase between as in the corresponding period of 1932. these months was only 12 percent. For the first 5 months of the year, however, crude rubber conEstimates of R. L. Polk & Co. place retail sales of sumption remained 11 percent below that in the new passenger cars in the United States during May similar period of last year. Imports increased 6,000 between 150,000 and 155,000 units, as compared with tons, compared to a decrease of 4,000 tons in May 1932. about 120,000 in April and 131,000 in May 1932. World stocks at the end of the month were the lowest Truck sales were estimated around 23,000 units, as for the year and were also below a year ago. against 17,500 in the preceding month and 18,500 last AUTOMOBILE AND RUBBER STATISTICS Automobile exports Automobile production United States Year and'month F.B.B. Index, Total adjusted i Passenger cars Canada Taxicabs Trucks Total Passenger cars Trucks New passenger car registrations Monthly av1923-25 = 100 1930: May_ 1931: May_ _.. 1932: May.. June July August September October November December 1933: January February March April May Monthly average, January through May: 1931 .— 1932 101 78 45 47 33 23 24 17 31 60 Thousands 361 271 440 340 58,659 45,688 24, 672 12,738 16,876 8,468 9,666 4,496 345,069 247,727 184 183 109 90 84 49 60 107 158 160 95 76 65 35 47 86 73 235 27 9 13 5 239 291 26, 539 22,768 14,438 14,418 19,402 13, 595 12,025 21, 204 8,221 7,112 7,472 4,067 2,342 2,923 2,204 2,139 3,604 2,972 3,039 2,893 3,053 1,733 1,762 2,757 1,503 1,387 1,865 2,044 2,601 2,549 1,353 2,221 130 107 118 181 218 108 91 99 153 185 5 152 660 411 54 21,718 15,333 18,064 27, 317 33,539 3,358 3,298 6,632 8,255 9,396 7,059 5, 521 5,528 5,662 5,093 264 138 151 221 114 137 491 60 256 42,785 23,467 33,194 11,851 6,511 6,188 9,799 4,646 5,773 Adjusted for seasonal variation. By whole- Retail pursale deal- chasers ers Millions of dollars Number 420 317 1 Automobile financing Pneumatic tires Crude rubber DoDo- mestic ProconImduc- mestic ship- sump- ports tion ments tion, total Long tons Thousands 115 109 4,574 4,543 3,960 4,197 35,912 34,792 131,282 148, 752 104,188 93,457 81,893 63,195 44,358 45,683 58 63 45 45 39 34 28 27 3,056 4,515 2,893 2,471 2,031 2,055 1,843 1,586 3,325 8,212 1,845 2,065 2,411 1,385 1,306 1,405 26,861 35,987 26,010 20,582 20,692 19,337 20,157 15, 631 3,084 3,136 2,528 2,656 3,445 79,821 69,464 78,741 119,909 150,000 31 29 34 45 1,806 1,871 1,630 2,499 2,011 1,764 1,616 4,966 2,189 2,770 195,044 102,975 99,587 "3,453 "2,904 "1,953 " 3,096 o 2,421 "3,066 "56 9 34 «4 months' average. 2,874 World stocks, end of month 42,994 35,844 406,137 531, 516 34,323 29,280 35,806 29,620 32,016 629,110 593,601 579,195 595,782 599,761 604,008 611,301 621,078 19,928 18,825 15,701 22,817 38,785 30,663 22,969 28,475 21,034 36,736 614,851 618, 299 622,142 617,490 611,000 29,675 25,935 33,311 38,502 36,043 35,975 518,614 626,031 616,756 41,117 32, 524 13 SURVEY OF CURRENT BUSINESS July 1933 Chemical Industries general business activity in May and IMPROVED early June served to modify the seasonal recession upon to more than the usual seasonal extent and declined to the lowest volume recorded during the past in the chemical and allied industries usually experienced 3 years. Stocks of finished products on hand in May at this time of year. The heavy chemical branch has were 16 percent less than at this time a year ago. shared in the general rise in manufacturing activity. Reflecting increased activity in the iron and steel Prices in all sections turned definitely upward. Em- industry, the production of byproduct coke rose 16 ployment declined by less than the normal seasonal percent in May to the highest monthly volume reamount, while pay rolls increased to the highest corded during the past year. volume recorded since June a year ago. Several secProduction of wood rosin and turpentine rose sharply tions of the chemical industry have perfected trade in May from the low level reached in April, the output association organizations to function under the Indus- of the former increasing by a fourth to exceed the level trial Recovery Act. reached in this month a year ago. Receipts of gum May employment declined less than usual at this rosin and turpentine at three ports mounted rapidly time of year, and when allowance is made for the nor- and more than seasonally in May, the increases over mal seasonal movement, the volume surpassed that of the previous month amounting to approximately 75 any of the months since January 1932. The greatest percent in each case. Prices of gum rosin and turpengains in employment occurred in the heavy chemicals, tine increased in May by 25 and 9 percent, respectively. paint and varnish, soap, and rayon and allied products Stocks of the gum products on hand at the end of the sections of the industry, while the losses were recorded month showed the usual seasonal increase for this in the fertilizer, drug, and cottonseed oil, cake, and meal time of year while stocks of the wood products declined. divisions. Fertilizer consumption in Southern States usually Pay rolls increased in May for the second consecu- falls off abruptly in May, but this year an increase was. tive month to reach the highest volume recorded during registered over the exceedingly low April absorption. the past 10 months. The most important rise took The volume about doubled between these months, the place in the heavy and general chemicals branch. current consumption being greater than the normally Stocks of chemical raw materials on hand declined low levels reached in May of the past 2 years. Imports, about the normal seasonal amount in May to approxi- of fertilizers were approximately the same in May as in mately the same level reached at this time in the past the month previous, although there is usually a sharp 2 years. Manufactured stocks, however, were drawn decline in this period. CHEMICAL STATISTICS Alcohol General operations Employment Stocks Electrical Pay energy roUs Raw conunad- ManuUnad- Ad- justed facsump- justed justed tured matetion goods rials Year and month 146.6 133.8 104.6 91.4 106.5 93.0 106.6 88.4 134 127 129.9 123.8 124.9 116.6 126.8 129.0 130.1 124.3 78.3 74.2 72.3 72.2 74.0 75.1 75.5 75.4 79.7 76.4 74.7 74.0 73.7 74.9 75.2 75.2 66.9 63.2 60.0 60.0 59.8 60.7 60.9 59.8 131 118 120 116 121 122 121 121 126.0 130.0 115.6 121.0 126.6 76.2 77.3 78.2 82.4 78.9 76.4 76.4 75.6 77.6 80.3 60.7 60.8 60.4 60.8 61.9 137.8 129.0 123.8 94.6 80.9 78.6 90.7 69.5 60.9 i Adjusted for seasonal variation. Con- Total sum imports ESK" tion Nitrate of soda imports Production Monthly average, 1923-25=100 1930: May 1931: May 1932: May June JulyAugust -. September October November _ _. December 1933: January February _. March April May—. Monthly average, January through May: 1931 1932 1933 .--. Fertilizer ByTurExplo- Rosin, ReSyn- product sives wood ttnel fined thetic Ethyl methwood meth- coke anol anol Thousands of gallons Thous. of short Thous. oflb. tons Barrels Thous. of short tons Long tons 13, 245 13,120 406 118 784 4,235 36,147 40, 933 3,126 26, 960 33, 593 7,454 5,996 235 195 89, 763 72,159 42,308. 34,006 93 91 88 90 112 122 122 117 11, 578 10, 577 11, 908 12,365 13, 355 13,140 7,391 5,278 72 97 84 151 102 198 141 174 743 713 794 793 698 571 532 644 1,743 1,537 1,523 1,474 1,544 1,739 1,752 1,786 16,896 14, 018 12, 563 17, 903 19, 557 22,624 20, 753 17,930 30, 597 29, 483 30, 076 31,141 31,155 33,132 31, 308 29, 220 5,151 4,827 4,878 4,861 5,020 5,202 5,454 5,070 156 68 14 40 97 98 60 85 84, 783 58, 018 49,985 57, 530 88,006 91,619 85,206 47,956 37647 11 0' 517 13; 4,887" 48- 122 120 123 119 113 112 104 99 93 90 6,014 9,084 8,229 9,012 166 117 124 83 95 353 325 178 425 366 1,785 1,639 1,666 1,656 1,921 17,777 16,008 15,804 16, 005 15, 781 31,188 25, 583 26, 597 24, 926 31,045 4,975 4,175 4,255 3,831 5,028 205 298 825 119 235 94,313 90,349 97,507 102, 204 101,085 405 • 2,516 106 66 8,431 130 132 119 103 100 220 116 117 747 578 329 3,104 1,962 1,733 27,482 31,908 17,406 25, 286 16,275 27,868 5,694 4,128 4,453 726 441 336 149,982 92, 564 97,092 67,088 8,861 2,305 10,958 10,807 "8,085 2 Southern States. o 4 months' average. 14 SURVEY OF CURRENT BUSINESS July 1933 Farm and Food Products in the foodstuffs industry improved OPERATIONS during May, and pay rolls in all the group clas- provides for a decrease in the acreage planted of one fifth, but its operations have been held in abeyance sifications of the industry were higher than in April pending a discussion of a general reduction on the with the exception of the flour milling branch. The part of other large wheat-growing countries. A Federal Reserve Board's production index (which is fluctuating tax on the milling of wheat will be imposed computed from the livestock slaughtered, flour milled, to make up the difference between the parity price and sugar melted) dropped from the exceptionally and the price at the farm market. The effective high point touched in April. date of the tax has not been set but it is expected to Wholesale prices of foods again increased during be put in force within a short time after the beginning May, making the third successive monthly advance. of the crop year. The gain over April amounted to 5.9 percent. Farm A plan has also been drawn provided for a reducprices have also increased substantially. tion in the 1933 acreage of cotton of approximately Receipts of bread grains at primary markets regis- 25 percent. Adjustment for holding 10,000,000 acres tered a greater than seasonal gain during May. Stocks out of cultivation will be compensated for by funds of corn increased more than 5,000,000 bushels over obtained from a processing tax. This tax, to be April to the highest point since March 1928; holdings levied against spinners will begin, according to presof oats were also higher, but wheat stocks declined ent plans, on August 1, and will amount to the differ7,388,000 bushels. The crop forecast of winter wheat ence in the average farm price for cotton at the time as of June 1 showed no change in the outlook for this it becomes effective and the pre-war price of 12.4 cents harvest which will be the smallest in nearly 30 years. per pound. The growers withdrawing acreage will be Movement of livestock to markets revealed a greater compensated by either of the following: (1) a rental than seasonal movement during May, substantial varying from 6 to 12 dollars per acre according to gains being noted in the receipts of cattle, calves, hogs, yield, plus the privilege of taking an option on Governand sheep. ment-owned cotton at 6 cents a pound in amounts Plans have been drawn up to place into effect the equaling their crop reduction or (2) a higher rental provisions of the Agricultural Adjustment Act as it varying from 7 to 20 dollars per acre without the relates to wheat and cotton. For wheat the plan privilege of taking the cotton option. FOODSTUFFS STATISTICS Agricultural marketings Food products Animals and animal products Corn Wheat F.B.B. Year and month 2!i II Monthly averMonthly aver- Monthly average, age, 1923-25=100 age, 1923-25=100 1926=100 1930: May__ 1931: May 1932: May June July August September October November December 1933: January February March April May. Monthly average January through May: 1931 1932 1933 91 105 101 Dollars Mil- Dollars per lions of per bushel bushels bushel Thousands Butter Stocks, Con- cold sump- stortion, age, appar- end of ent month Consumption, apparent Millions of pounds I Thou- Thousands sands of long of bags tons 97.1 90.8 92.2 73.8 57 67 102 97 120 1.01 .76 1,517 1,551 3,293 2,938 1,076 1,060 950 1,062 157 166 682 353 915 1,415 83.2 81.1 79.4 81.0 81.8 81.3 80.7 80.0 59.3 58.8 60.9 61.8 61.8 60.5 60.6 58.3 52 41 51 71 124 164 131 84 95 88 80 85 81 83 84 81 171 167 178 188 194 190 177 169 .61 .53 .48 .55 .55 .51 .49 .46 1,397 1,338 1,291 1,606 1,689 1,896 1,543 1,161 3,050 2,545 2,159 2,405 2,505 2,691 2,775 3,121 1,033 1,018 956 1,002 1,096 1,088 1,042 1,014 1,020 940 844 751 637 544 513 620 167 132 133 149 142 142 139 134 457 314 340 468 328 239 186 174 1,056 1,079 671 601 782 923 935 945 79.6 79.2 78.4 81.5 82.6 55.8 53.7 54.6 56.1 59.4 81 69 76 86 103 158 148 137 126 119 .48 .48 .53 .64 .73 1,318 1,136 1,171 1,296 1,558 3,381 2,699 2,638 2,798 3,143 1,061 919 993 1,030 1,110 717 751 749 780 861 129 123 129 134 161 258 289 430 536 491 911 1,083 1,109 922 1,187 90.5 83.7 80.2 77.2 61.9 55.9 201 193 138 .73 .60 .57 1,503 1,362 1,396 3,514 3,365 2,932 1,012 1,027 1,023 1,057 990 142 139 135 379 442 401 1,266 1,088 1,042 i Adjusted for seasonal variation. Millions of bushels i Meats Imports 67 .54 .35 » Revised. Earlier data may be found on p. 19 of June 1933 issue. 3 772 Includes receipts from Hawaii and Puerto Rico. 15 SURVEY OF CURRENT BUSINESS July 1933 Forest Products and early June developments favorable to MAYgeneral business were reflected in the improved position of the lumber industry. Activity increased in all branches, with the most pronounced improvement in orders, and a slightly slower pick-up in shipments and production. The outstanding feature of the situation in May and early June was the increase of 36 percent in new orders received in the last week of the period over orders in the first week. This was accompanied by rising prices. Shipments increased less than new orders during this time, resulting in a 60 percent rise in unfilled orders. At the same time production was less than shipments, and existing stocks on hand were further curtailed. The lumber industry was among the first to organize its various units so as to prepare to function under the Industrial Recovery Act. Other Government programs, such as those relating to home loans and the stimulation of construction, are being closely followed due to their direct effect on the demand for lumber. Production of lumber rose sharply during May and early June in response to increased orders. The May volume of output was the largest recorded during the past year and a half, and represented an increase of 23 percent from the previous month's production. Current output is 60 percent above that of last February, when a definite turn in the previously downward trend took place. Employment in the lumber and allied products industries as a group increased 7 percent in May as compared with April. Normally, there is no appreciable change in this period. Pay rolls rose 15 percent, reflecting an increase in the time worked by those already employed as well as the augmentation of the number of employees working. Employment is currently 9 percent below May a year ago, while pay rolls have fallen off 19 percent in this period. Carloadings of forest products have continued to increase, the rise amounting to about a fifth in each of the months April and May. Current loadings are the highest reached during the past year and a half and are 11 percent greater than in May 1932. Naval stores marketings were up more than seasonally in May, the normally sharp increase at this time being greatly surpassed. Marketings in this month were a fifth above a year ago, and were about 10 percent less than in May 1931. Southern pine new orders were up 59 percent in May after remaining stationary from March to April. The current volume surpasses that of any month since January 1931 and is 75 percent greater than in this month a year ago. Production rose about a third in May whereas there is usually a slight seasonal decline at this time. Shipments failed to keep pace with the rise in orders, and unfilled orders on hand increased over a third. FOREST PRODUCTS STATISTICS General operations Lumber producYear and month tion, adjusted i Indexes of marketing Monthly average, January through May: 1931 1932 1933 1 76 48 73.9 55.4 73.2 45.7 79.6 66.7 174.7 136.5 51.9 32.9 28 26 25 23 23 24 21 23 39.0 37.9 36.1 35.7 36.6 37.6 37.3 36.8 22.2 20.9 19.0 19.3 20.9 22.4 20.9 18.8 57.7 53.3 55.4 54.8 51.5 55.9 51.3 46.9 102.3 104.0 114.3 107.4 89.4 78.4 77.2 70.3 18.7 16.8 14.6 15.5 17.1 18.9 16.0 13.2 26 20 22 24 30 35.0 34.4 32.5 33.3 35.7 16.3 16.3 14.3 15.6 18.0 50.8 50.8 54.0 56.2 31.7 23.0 32.9 69.4 132.3 13.7 13.7 14.6 17.2 20.8 47 26 55.8 41.5 34.2 45.3 24.5 16.1 "58.0 "52.9 "53.0 67.4 50.0 55.8 33.5 19.2 16.1 U Adjusted for seasonal variation. 2 Douglas fir Household3 furniture Southern pine UnUnPro- New UnPro- New filled Pro- New Un- Ship- filled 2 orders, ducduc- orders filled duc- orders filled orders, tion orders tion 2 end of tion orders orders ments end of month month Thousands of cars Monthly average 1923-25=100 1930: May.. 1931: MayMay June July August September October November December 1933: January. February March April May Southern hardwoods Carloadings, Em- Pay Total forest ploy- rolls, forest Naval prod-2 ment, unadstores ucts ad- justed products justed i Number days' production Millions of feet, board measure 240 146 "153 "86 "64 Weekly average. 195 158 603 431 77.0 41.4 72.9 37.8 201.9 135.6 258 148 230 158 160 84 26 11 101 90 83 114 154 113 101 270 242 227 265 275 256 246 252 25.0 22.2 15.9 22.5 24.1 22.7 21.1 16.4 27.0 26. 2 21.3 29.2 38.4 22.5 23.7 21.2 71.2 60.4 57.7 81.0 119.1 76.1 81.9 85.1 100 91 83 91 80 113 99 75 103 96 91 149 134 144 91 68 62 44 46 80 82 75 50 44 7 7 10 10 11 9 7 238 230 226 247 23.4 24.4 21.1 28.8 34.4 26.4 24.3 28.3 33.6 57.3 120.9 109.7 107.9 120.4 195.2 85 78 87 89 116 96 76 113 113 180 57 55 64 67 92 "468 "309 "235 44.7 25.0 26.4 48.7 27.3 34.0 182. 5 91.9 159 96 91 173 113 116 107 67 67 "171 "111 "103 3 Grand Rapids district. " 4 months' average. 15 10 6 16 SURVEY OF CURRENT BUSINESS July 1933 Iron and Steel Industry contraseasonal expansion in demand The gain in steel ingot production during May was CONTINUED for steel brought the rate of operations by the the second consecutive increase. Output was nearly 80 percent larger than the tonnage produced in May latter part of June to 50 percent of capacity, the highest activity reported in over 2 years. A year ago the operating rate was around 16 percent of capacity and the trend was downward. Support in the industry continued primarily from the automotive industry and from miscellaneous sources. Railway, construction, and oil industry requirements showed little improvement. General operations for the month of May advanced 40 percent over the April showing, according to the Federal Reserve Board's adjusted index. Although 5 percent additional wage earners were employed, the number was still under the total reported last December and 7 percent below May a year ago. The relatively wider increase occurring in pay rolls placed wages 19 percent above the average amount received by mill labor during the first 5 months of the year. Iron and steel exports in May, amounting to 123,000 tons, exceeded those of any month since October 1930. Japan continued the largest market, taking 76,000 tons, substantially all of which was scrap. Total exports in the first 5 months of 1933 reached 425,000 tons, 155,000 more than in the same period of 1932. Imports during these months amounted to 118,000 tons, a decrease of more than 30 percent as compared to the corresponding months of 1932. last year; 22 percent below production in May 1931; and approximately half the output reported in May 1930. Operations averaged 34 percent of capacity, which was more than double the March rate. Pig iron output, at 887,000 tons, was the largest total reported since March 1932. Average monthly production through May, however, was 30 percent below the tonnage produced in this period last year and only one third the output for the corresponding months of 1931. Fifteen additional stacks were placed in operation during the month, bringing the total above the average number in blast during the first 5 months of both this and last year. Reversing the usual trend in May, an increase in unfilled orders on the books of the United States Steel Corporation placed the tonnage at the highest level since December. The total, however, fell short of the backlog a year ago and was only slightly more than half the figure reported for May 1931. Outstanding among price advances during May was that in scrap, which was quoted 41 percent higher in the Chicago district. Finished steel prices increased slightly and the composite price of iron and steel rose to $28.75 in early June. No change has occurred in quotations of steel billets since the decline reported last June. IRON AND STEEL STATISTICS General operations Tear and m o n t h Iron and steel EmPay Produc- ploy- rolls, ment, unad- Ex- I m tion, adadports ports justed * justed i justed Pig iron Production Furnaces in blast Production Steel sheets > United States ManSteel ganese Corpo- ore imPerration, ports, cent New u n - (manof Shiporfitted ganese caments orders, con-1 pac- ders end of tent) ity Steel ingots month Monthly average, 1923-25=100 1930: May 1931: May 1932: May June July. August September October November December __ 1933: January,. February.. March _ April May Monthly average, January through May: 1931 1932 1933 1 Thousands of long tons ThouNum- sands of Perlong cent ber tons Thousands of short tons 266 192 4,059 3,620 33.84 31.39 32.50 29.50 12.50 2.35 2.21 2,177 2,035 1,966 1,970 1,985 1,997 1,968 1,968 29.62 29.54 29.48 29.33 29.32 29.32 29.12 28.93 27.00 26.50 26.00 26.00 26.00 26.00 26.00 26.00 6.40 5.69 4.88 5.75 6.25 6.00 5.93 5.25 2.17 2.17 2.17 2.17 2.16 2.16 2.15 2.14 28.69 28.31 28.35 28.16 28.45 26.00 26.00 26.00 26.00 26.00 5.25 5.25 5.25 6.00 8.45 2.12 2.10 2.10 2.06 2.08 31.60 29.71 28.39 29.90 27.15 26.00 9.79 7.04 6.04 2.22 2.15 2.09 95.5 64.9 195 95 3,233 1,994 180 105 3,983 2,552 29 25 25 23 28 31 31 27 56.5 54.8 52.1 50.6 51.3 53.2 53.8 52.8 30.4 26.0 22.2 22.1 23.4 26.2 25.6 24.2 80 52 53 33 36 41 56 54 784 628 572 531 593 645 631 546 53 46 46 42 47 49 51 42 1,125 913 807 847 992 1,087 1,032 861 77 1071 901 73 61 75 92 771 67 29 31 21 35 49 50.6 51.4 48.3 50.0 52.5 22.7 24.7 22.4 24.4 29.5 57 64 81 100 123 569 554 542 624 887 45 45 38 48 63 1,030 1,087 910 1,363 2,002 119 144 79 73 75 100 119 1,899 1,854 1,841 1,865 1,930 76.3 60.6 50.6 66.8 34.3 2,686 1,357 1,278 185 105 101 192 112 89 3,922 2,434 635 109 60 48 Adjusted for seasonal variation. 2 Dollars per 100 pounds Dollars per long ton 91.6 74.8 24.7 Iron Steel and billets, Steel Finished steel, Besse- scrap steel, mer com(Chicompos- (Pitts- cago) posite ite burgh) Thousands of long tons 104 67 205 149 Prices 1,878 17 Black, blue, galvanized, and full finished. 17 SURVEY OF CURRENT BUSINESS July 1933 Textile Industry T May to rise 1.2 percent above the total at the end of April. Wholesale prices of cotton goods rose 14 percent, the second successive advance to reach the September 1932 level. The May index was 9.5 percent higher than in May of last year. Compared with 1929, cotton goods prices in May were 41 percent lower, and also 7.7 percent lower than the May combined index of all commodities. Following the slow revival of activity in April, wool consumption increased 63 percent in May and was nearly three times the consumption of May 1932. It was also 4.3 percent more than the consumption in May 1931. There was a considerable increase in the operating time of woolen and worsted spindles and of looms. Activity of woolen spindles increased from 53 percent of capacity on a single shift basis in April to 77 percent in May; worsted spindles from 35 to 72 percent; narrow looms from 29 to 46 percent; and wide looms from 42 to 66 percent. Wholesale prices of woolen and worsted goods rose 15 percent from April to May. Deliveries of raw silk to American mills in May were 13 percent greater than in the preceding month, and were the largest since last October. They were 43 percent larger than in May 1932 and 4.6 percent more than in the same month of 1931. Prices of 13-15 Japanese raw silk in New York averaged $1,586 per pound in May compared with $1,324 in April and an average of $4,933 in 1929. ,' \ EXTILE production in May increased sharply for the second successive month and the Federal Reserve Board's seasonally adjusted index averaged 106 percent of its 1923-25 average, an increase of 25 percent over April and the highest figure since November 1929. Recent reports indicate that the improvement continued in June. Employment in May increased 5.5 percent over the preceding month and pay rolls were 8 percent larger according to the indexes of the Bureau of Labor Statistics. Wholesale prices of textiles averaged 8 percent higher in May than in April and rose a further 5 percent from June 3 to 17. Raw cotton consumption per working day averaged 23,281 running bales in May compared with 19,018 bales in April and only 13,034 bales in May of last year. It was the largest monthly consumption since October 1929. May activity of spinning machinery, at 112.3 percent of capacity on a single shift basis, was 17 percent more than in April and 77 percent larger than in the corresponding month of 1932. In the cotton growing States 90 percent of the spindles in place were operated at sometime during the month, and in the New England States 62 percent, as compared with 88 percent and 56 percent, respectively, in April. Production of cotton printed cloths in May increased 28 percent over the April output but was slightly smaller than in March. Shipments of these goods were smaller than production causing stocks at the end of TEXTILE STATISTICS Cotton, raw Tear and month a Cotton and manufactures Cotton cloth finishing 2 li 1930: M a y 1931: May_ 1932: May June July August September October November December 1933: January February _ March _. April May Monthly average, January through May: 1931_ 1932_._. Kunning bales §3 Millions of spindle hours Silk = Looms s Operations, machinery activity S 1 £ I- li I Thousands of yards Monthly avThouerage, sands of 1926= pounds 100 &i Percent of active hours to total reported Monthly av- Bales of Percent of active hours Dollars 133 erage, per to total 1926= pounds pound 100 97 473, 284 465, 363 6,725 85, 381 6,733 67, 704 74, 436 89.0 69.2 32, 641 44, 966 52 66 39 45 80.0 68.5 40,823 45,073 87.9 76.3 55.0 42.5 59.1 49.5 3.940 2.266 59 63 69 90 104 99 92 91 332, 372 322, 706 278, 568 402, 601 491, 655 502, 244 503, 722 440,062 4,592 4,250 3,656 5,539 6,866 7,046 6,967 43,868 40,993 37, 404 64, 480 87,988 87, 956 69, 515 79,175 71, 364 71, 624 62, 547 59, 040 66, 633 74, 850 81, 933 52.9 51.0 50.0 52.6 57.9 56.2 53.6 51.7 16, 519 18, 933 26, 719 41, 361 46, 055 42, 423 38,963 36, 532 25 34 50 57 74 73 58 57 18 16 17 26 36 43 42 33 58.3 55.0 53.6 53.4 56.7 56.5 55.3 54.2 32, 923 37,466 38,382 59,905 59, 694 53, 703 43,955 40, 548 43.2 39.5 47.1 67.6 83.7 84.5 76.2 83.2 39.6 35.8 45.9 38.3 43.6 46.8 45.3 34.2 30.4 28.6 41.0 50.2 62.0 61.9 52.2 55.5 1.231 1,194 1.231 1.647 1.805 1.673 1.562 1.550 87 83 76 85 106 471, 202 441, 663 494,167 470,685 620,909 6,788 6,286 7,048 6,569 8,310 88, 300 93,773 95, 746 74,463 95,325 80,097 82, 272 80, 446 80, 765 81,740 50.1 49.1 50.0 50.7 57.9 35, 510 33, 278 24, 943 28, 701 46,898 56 57 32 35 72 36 36 28 29 46 53.4 53.2 53.2 53.3 61.5 46,204 32, 665 38,934 41, 910 47,151 89.7 80.6 56.6 59.2 75.4 37.2 36.8 36.3 42.2 46.0 56.8 48.9 38.2 49.8 52.3 1.305 1.201 1.182 1.324 1.586 469, 611 414, 745 499,725 5,908 7,000 77,373 70,907 89,521 68,561 80, 284 81,064 71.9 55.3 51.6 41,065 26, 907 33,866 36 57 39 22 50 35 * Printed only (mill and outside). 71.3 61.4 54.9 50,393 44, 033 41,373 90.3 44.4 66.4 43.1 72.3 39.7 Grease equivalent* 54.8 41.3 49.2 2.522 1.623 1.320 1 Adjusted for seasonal variation. 182446—33 3 Wool manufactures Spinning spindles xfi Monthly average, 1923-25= 100 Wool SURVEY OF CURRENT BUSINESS 18 July 1933 LIFE INSURANCE—ADMITTED ASSETS [Thousands of dollars] Mortgage loans Tear and month Grand total Total Farm Bonds and stocks held (book value) Other Total Government 7,386,000 8,066,000 8,916,000 9,904,000 11,009,000 2, 686,000 3,128,000 3, 595,000 4,198,000 4, 815,000 1, 253,000 1, 395, 000 1,484,000 1,551,000 1,601,000 1,434,000 1,734,000 2,111,000 2,647,000 3,215,000 3,321,000 3,423,000 3, 646,000 3,879,000 4,144,000 1, 218,000 1,117, 000 1,050,000 969,000 921,000 11,668, 000 11, 760,000 11, 857, 000 11,965, 000 12,070,000 12,159,000 12, 274,000 12,368,000 12,471, 000 12, 596, 000 12,703,000 12,849,000 5,089,000 5,115, 000 5,140,000 5,185, 000 5, 228,000 5, 278, 000 5, 324,000 5,368,000 5,415, 000 5,470,000 5, 503,000 5, 566,000 1, 603,000 1, 601,000 1,592,000 1, 590, 000 1,589,000 1, 588,000 1, 589,000 1, 589,000 1, 592,000 1, 594,000 1,591,000 1,594,000 3,486,000 3,514,000 3,548,000 3, 595, 000 3,639, 000 3, 690,000 3,735,000 3,779,000 3,823,000 3,876,000 3,912, 000 3,972,000 4,410,000 4,446,000 4,498,000 4, 554,000 4, 596,000 4, 611, 000 4,654,000 4, 693, 000 4,708,000 4,741,000 4,804,000 4,856,000 Monthly average._. 1929 January February, _. March April May June July August September. October November. December.. 12, 228,000 5,307,000 1, 593,000 3,714,000 12,942,000 13,032,000 13,133,000 13, 229,000 13,333,000 13,428,000 13, 553,000 13,649,000 13, 755,000 13,865,000 13,974,000 14,094,000 5, 605,000 5, 628,000 5, 662,000 5, 696, 000 5, 736,000 5,778,000 5,836,000 5,873,000 5,912, 000 5,959,000 5,988, 000 6,034,000 1, 592,000 1, 589,000 1, 585,000 1, 585,000 1, 587,000 1,587,000 1,595,000 1, 588,000 1, 589,000 1, 588,000 1,586,000 1,579,000 Monthly averane. _. 1930 January February... March April May June July August September. October November. December. 13,499,000 5,809,000 14,198,000 14,288,000 14,402,000 14,502,000 14,606,000 14,695,000 14, 796,000 14,884,000 14,983,000 15,079,000 15,176,000 15,253,000 Monthly average,_ 1931 January February... March April May__ June July.. August September. October November.. December.. 1923 1924 1925 1926 1927 monthly monthly monthly monthly monthly average.. average.. average.. average.. average.. Public utility Railroad Other Policy ans and premium notes 281,000 365,000 521,000 686,000 852,000 1,750,000 1,849,000 1,974, 000 2,117,000 2,229,000 72,000 92,000 102,000 108, 000 141,000 924,000 991,000 1,066,000 1,173,000 1,303,000 937,000 937,000 938,000 941,000 925,000 902,000 912,000 923, 000 927,000 935,000 945,000 954,000 1,004,000 1,017,000 1,050,000 1,064,000 1,097,000 1,112, 000 1,128,000 1,138,000 1,151,000 1,163,000 1,180, 000 1, 203, 000 2, 311,000 2,330, 000 2, 345,000 2, 359,000 2, 372,000 2, 389,000 2,397,000 2,411,000 2,405,000 2,410,000 2,436,000 2,447,000 158,000 162,000 165,000 190,000 202,000 208,000 217,000 221,000 225,000 233, 000 243,000 252,000 1, 378,000 1, 392,000 1,407,000 1,421,000 1,437,000 1,454,000 1,467,000 1,481,100 1,491,000 1, 505,000 1,518, 000 1,533,000 4,631,000 931,000 1,109,000 2,384,000 206,000 1,457,000 4,013,000 4,039,000 4,077,000 4,111,000 4,149,000 4,191,000 4, 241, 000 4, 285,000 4, 323,000 4,371,000 4,402,000 4, 455,000 4,901,000 4,941,000 4,997,000 5,027,000 5,073,000 5,108,000 5,160, 000 5,376,000 5,196, 000 5, 224, 000 5, 226, 000 5, 253,000 974,000 983,000 1, 001,000 ], 014,000 1,030, 000 1,046,000 1,045,000 1,058,000 1,066,000 1,061, 000 1,037,000 1,050, 000 1,219,000 1,231,000 1, 247,000 1, 252,000 1, 256,000 1,261,000 1, 267,000 1, 274,000 1, 281,000 1,295,000 1,311,000 1,319,000 2,452,000 2,462, 000 2,472,000 2,477,000 2,497,000 2, 506,000 2, 516,000 2,526,000 2, 527, 000 2, 534,000 2,540,000 2, 539,000 255,000 265,000 277,000 284,000 290,000 295,000 332,000 318,000 322,000 334,000 338,000 345,000 1,549,000 1,564,000 1,582,000 1,602,000 1,625,000 1,647,000 1,665,000 1,683,000 1,701,000 1,732,000 1,801,000 1,836,000 1,588,000 4, 221,000 5,107,000 1,030,000 1, 268, 000 2, 504,000 305,000 1,666,000 6,069,000 6,087, 000 6,104,000 6,128,000 6,148,000 6,158,000 6,188, 000 6,199,000 6, 209,000 6, 230,000 6, 255,000 6, 289,000 1,578,000 1, 577,000 1, 567,000 1,565,000 1,565,000 1, 562,000 1, 561,000 1,560,000 1,552,000 1, 551,000 1, 550,000 1, 543,000 4,491,000 4, 510,000 4,537,000 4, 563,000 4,583,000 4,596,000 4,627,000 4, 639,000 4, 657,000 4, 679,000 4, 705,000 4,746,000 5,299,000 5, 332,000 5,372,000 5,408,000 5,459,000 5,519,000 5,571,000 5, 606,000 5, 637,000 5,708,000 5, 726,000 5, 736,000 1,055,000 1,058,000 1,058,000 1,062, 000 1,061,000 1,070,000 1,076,000 1,083,000 1,087,000 1,093,000 1,100,000 1,102,000 1,348,000 1,367,000 1, 389,000 1,398,000 1,414,000 1,441,000 1,450,000 1,473,000 1,488,000 1,520,000 1, 526,000 1,531,000 2,549,000 2, 554,000 2,554,000 2,572,000 2,594,000 2, 600,000 2,618,000 2,621,000 2,622,000 2,639,000 2,640,000 2,637,000 347,000 353,000 371,000 376,000 390,000 408,000 427,000 429,000 440,000 456,000 460,000 466,000 1, 868,000 1,891,000 1,916,000 1,936,000 1,958,000 1,986,000 2,011,000 2,034,000 2,055,000 2,091,000 2,120,000 2,163,000 14. 739,000 6,172,000 1, 561,000 4, 611,000 5,531,000 1,075,000 1,445,000 2,600,000 410,000 2,002,000 15, 352,000 15,433,000 15, 533,000 15, 622,000 15,729,000 15,831,000 15,938,000 16,031,000 16,095,000 16,187,000 16, 249,000 16, 324,000 6, 298,000 6,309,000 6, 316, 000 6,318,000 6,331,000 6,343,000 6,340,000 6,346,000 6,350,000 6,367,000 6, 375,000 6,370,000 1,544,000 1, 544,000 1, 537,000 1,534,000 1, 530,000 1, 528, 000 1,525,000 1, 523,000 1, 520,000 1, 517,000 1,514,000 1, 503,000 4, 754,000 4, 765,000 4, 779, 000 4, 784,000 4,801,000 4,815,000 4,815,000 4,823,000 4,830,000 4, 850,000 4,861,000 4, 867,000 5,751,000 5,801,000 5,825,000 5, 884,000 5,916,000 5,979,000 6,024,000 6,080, 000 6,131,000 6,148,000 6,153,000 6,155,000 1,105,000 1,107,000 1,119,000 1,134,000 1,163,000 1,189,000 1, 212,000 1, 257,000 1, 290,000 1,283,000 1,284,000 1, 288,000 1, 544, 000 1, 572,000 1,578,000 1, 605, 000 1,611,000 1, 644,000 1, 662,000 1,667,000 1, 663,000 1, 665,000 1,667,000 1,667, 000 2,633,000 2,648,000 2, 651,000 2,660,000 2,653,000 2,653,000 2, 657,000 2,663,000 2, 669,000 2,686,000 2,688,000 2,686,000 469,000 474,000 477,000 485,000 489,000 493,000 493,000 493,000 509,000 514,000 514,000 514,000 2,205,000 2, 234,000 2, 265,000 2, 292,000 2,324,000 2, 356, 000 2, 380,000 2,402,000 2,438,000 2,500,000 2, 536,000 2,586,000 Monthly average._. 1932 15,860,000 6, 339, 000 1,527,000 4,812,000 5,987,000 1,203, 000 1,629, 000 2,662,000 494,000 2, 377,000 16,417,000 16,495,000 16, 531,000 16, 541,000 16, 592,000 16, 600,000 16,639,000 16,675,000 16,733,000 16,790,000 16,830,000 16,917,000 6,384,000 6,380,000 6, 370,000 6, 353,000 6, 332, 000 6, 306,000 6, 281,000 6, 256,000 6, 228, 000 6,197,000 6,168,000 6,136,000 1,502,000 1,496,000 1,488,000 1,478,000 1,468,000 1,458,000 1,450,000 1,443,000 1,434,000 1,424,000 1,415,000 1,402,000 4,882,000 4,884,000 4,882,000 4,875, 0C0 4,864,000 4,848,000 4,831,000 4,813,000 4,794,000 4, 773,000 4, 753,00C 4,734,00C 6,153,000 6,166,000 6,166,000 6,157,000 6,161,000 6,159,000 6,162,000 6,179,000 6,190,000 6,206,000 6, 224,000 6, 231,000 1,290,000 1, 303,000 1,302,000 1,302,000 1,313,000 1, 318,000 1,327,000 1,344,000 1,353,000 1,366,000 1,378,000 1,400,000 1, 665,000 1,672,000 1, 678,000 1,674,000 1,673,000 1,670,000 1,670,000 1,669,000 1,669,000 1,671,000 1,674,000 1,670,000 2,683,000 2, 679,000 2,675,000 2, 671,000 2,665,000 2,660,000 2,657,000 2,655,000 2,653,000 2,649,000 2,649,000 2,639,000 515,000 512,000 511,000 510,000 510,000 511,000 508,000 511,000 515,000 520,000 523,000 522,000 2,647,000 2, 696,000 2,734,000 2,777,000 2,818,000 2,862,000 2,878,000 2,910,000 2,925,000 2,936,000 2,941,000 2, 948,000 Monthly average_ 16, 647,00C 6,283,00C 1,455,000 4,828,00C 6,180,000 1,333,000 1,671,000 2,661,000 514,000 2,839,000 January February. _. March April May June July August September. October November.. December.. 1928 January February. .March.,... April May June July August September. October November. December-. i Compiled by the Association of Life Insurance Presidents, and represents a revision of the data previously shown, which covered 44 companies. These series are based on reports of 39 companies holding: approximately 82 percent of the admitted assets of all United States legal reserve companies. The data are given as of the end of each month and arc designed to show the fluctuations in the character of investments of life-insurance companies. Admitted assets embrace all assets permitted by statute to be included for testing the solvency of the companies. In addition to the items separately listed, the total also includes real estate, collateral loans, bills receivable, interest due and accrued, deferred and unpaid premiums, etc. Of the bonds and stocks, approximately Q8H percent are bonds and 1 ^ percent are stocks. For 1933 data see paee 31 of this issue. 19 SURVEY OF CURRENT BUSINESS July 1933 LIFE INSURANCE—NEW BUSINESS WRITTEN l [Number] Policies a n d certificates Year 1913 1914 1915 1916 Ordinary policies monthly average monthly average monthly average monthly average Month Industrial policies 78, 935 78, 225 83, 362 95, 730 1921 Group certificates 379,819 410,189 428, 559 414,605 1933 Total policies and certificates 2,500 4,090 6,542 11, 739 1933 Policies a n d certificates 461, 254 492, 504 518, 464 522,074 1924 Year 1917 1918 1919 1920 1925 monthly monthly monthly monthly average average average. average. 1926 Ordinary policies Industrial policies 109,897 111, 198 179,457 204, 301 414, 443 433, 226 465, 248 Group certificates 25, 26, 39, 38, 760 266 720 491 1927 1928 1929 1930 1931 Total policies and certificates 550,100 570, 690 684, 425 742, 730 1932 ORDINARY POLICIES January February March April May_._ June July August September October. November December Monthly average 159, 820 162, 310 192, 736 179, 889 180, 668 176, 653 147, 212 148, 716 179, 958 161,797 183, 964 182, 240 171, 255 169,831 216, 651 201,144 212, 637 210, 263 186, 640 185,953 224, 005 214,105 215, 686 203, 652 176, 688 184, 292 220, 291 216, 205 231, 390 219, 398 184, 569 192,176 244, 202 230, 562 227, 661 239, 864 188, 224 205,490 248, 726 240, 532 235, 397 237,969 185, 572 213,802 259, 700 229,894 279, 467 292,169 220, 525 238, 362 291, 770 283, 431 292, 778 276,812 254,159 267,108 329,969 309, 608 293, 770 266, 014 231,147 246, 677 320, 656 299, 746 287,927 284, 507 247, 757 251, 647 271, 011 248,104 232,883 245,100 148, 845 150, 322 148,177 146, 431 149, 864 155, 020 160,371 160,457 144,494 163, 244 170, 304 190,427 194, 296 185, 918 166,925 194, 706 197, 809 218, 585 189, 657 166,359 159, 837 183, 913 206, 285 215,445 215, 276 202,808 188, 252 217, 698 219, 335 266, 973 214, 978 200, 531 186,131 213, 474 224, 377 268, 501 210,490 213, 592 187, 833 207, 904 204, 597 252, 274 248, 925 244,374 213,522 262, 583 256, 774 288, 341 272,122 272,846 244,474 288,192 280, 363 309, 681 269, 380 244, 573 228, 375 260, 541 252, 827 317, 990 260,450 232, 576 222, 760 255,167 258,039 350, 653 227,858 235,813 229,184 248,499 258,173 298, 722 162, 561 166, 099 195, 002 195, 961 213,217 218, 919 219,419 247, 927 272, 613 274, 526 270,859 249, 563 749,849 731, 421 881, 059 865,139 845, 264 925,851 803, 546 815, 947 931, 355 859, 751 833, 423 829,656 809,110 795, 451 805, 623 879, 483 941,358 868, 763 993,819 896, 318 994, 528 804, 504 722,866 721,848 761, 207 846,805 951,428 740, 919 793, 704 1,156, 286 845, 294 773,803 680, 597 781, 262 746, 709 647,876 901,824 855, 616 881, 560 795, 768 INDUSTRIAL POLICIES January February March April May June July August September October November December... Monthly average. 486,717 484, 327 621,170 507, 310 651,707 550,406 537,827 568, 921 683, 552 571,841 624,125 578, 786 547,155 550,971 669,471 950,443 796, 538 693,473 766, 821 649,135 693, 674 705, 346 760,648 674, 481 618, 425 732,120 809, 517 803, 384 882,325 788,352 817, 246 653, 943 844, 659 787,138 859, 630 743,137 679, 290 901, 786 1,051, 983 802, 585 767,121 846, 745 891, 644 783, 235 890, 560 1, 049, 955 1,045, 058 973, 678 851,905 980, 796 964,177 893, 017 902,343 839,453 847,842 816, 966 840, 312 880, 770 1,162, 942 431, 365 445, 752 507,480 671,860 580,841 661,850 541,850 511, 547 479, 847 622,861 610, 594 653,473 608,854 566, 992 556,415 668, 393 656,873 681,525 734,531 595, 545 717,402 609, 703 691,227 614,848 830,831 1,199,183 851,209 641,128 824,881 903, 065 716, 607 719, 203 714, 041 822,459 870,324 838,577 732, 665 781, 361 745, 664 992,140 940,847 783, 539 753, 773 740, 371 770, 416 946, 284 782,026 951, 002 550, 065 582,102 662, 259 703, 769 804,380 782, 247 823,700 866, 910 I GROUP CERTIFICATES January February March April May June _ _ July August September October November December Monthly average. 8,446 7,550 11,880 7,908 10, 010 12, 608 13,374 17,028 22,128 11, 690 16, 515 17, 575 14,945 23, 717 33,095 39, 982 31,830 16,395 10, 639 21,484 24, 732 19, 991 13, 202 47,462 22,764 26,991 37.244 23,174 32,202 40, 794 52, 250 44, 257 60, 919 39,815 43,710 51,967 32,452 64,803 30,991 30,805 41,042 26, 408 53,800 35, 788 36, 705 48, 839 51,895 57,921 26,859 35,986 47, 028 45,455 66, 353 43,081 34, 732 45, 913 61, 996 45,832 52, 009 44, 449 60, 232 28,093 59,230 35,145 48, 578 20, 548 21,028 35,653 23,013 26,183 5,669 5,520 6,421 8,004 6,503 39,076 10,195 15, 346 17,123 13,942 17,704 88,491 30, 902 23,102 27,762 68,887 20,033 38,109 26,476 175,287 53,057 40,882 47, 743 44, 213 70,363 214, 277 29,100 30,488 13,496 23, 797 27,928 124,123 38, 905 24, 605 52,943 155, 214 17,873 14,814 13,896 70.769 25.770 109,429 18,911 42, 358 128,124 72,923 40, 622 21, 799 49, 062 39, 571 120, 316 74,171 38,851 45, 713 35,290 28, 063 59,255 22,328 26, 217 21, 646 17,942 18, 942 44,456 17,844 16,691 41,463 29,105 23, 342 43, 063 10,299 21, 345 34,847 29,916 45,533 62, 690 41,749 46, 607 51, 991 47,076 35, 299 28,876 1,042, 609 919,481 1,113, 766 1,005,063 1,114,347 1,133,118 1, 204,089 1,345, 443 1,078,619 1,123,428 1, 247, 395 1,127,106 1,168,545 1,167, 759 1,026,711 1,095,977 1,184,376 1,330,429 1,156, 865 1,372,814 1,294,636 1,226,695 1,223,935 1, 099,825 1,085, 075 1,349,560 1,264,621 1,187,444 1,480,965 1, 025,445 1,038, 330 1, 229,808 1, 224,115 1,168,336 1, 255, 267 1,099,881 1,088,142 1,223, 394 1,143,508 1,089,319 1,100,939 1,154,155 1,108,919 1,071,896 1,216,737 1,261, 292 1,298,760 1, 1, 087,928 995,936 1,142,636 1,021,809 1,170,949 1,276,597 1, 253,321 967,272 1,034,316 1,228,409 1, 551,395 1,090,996 1,026,307 951,244 1,058,866 1,028,224 989,661 16,911 12,462 18,427 TOTAL POLICIES AND CERTIFICATES January February March April May June July August.. September October November December Monthly average. i See footnote on p. 20. 969,856 845, 727 939,163 944,183 996,325 891,335 842,575 939,176 1,056,799 1,056,833 1,136,889 1,039,952 654,983 654,187 825,786 695,107 842, 385 733, 661 735, 985 697,647 735, 747 731,011 909,839 880, 538 1,184,682 755,766 819, 779 1, 049,157 935, 566 777,541 585,879 601, 594 662,078 826, 295 737,208 855,946 803, 075 834,052 977,569 984,642 712,416 790,876 776, 012 989,097 960, 616 687,350 788,581 740,251 899,512 947,915 641,464 875,561 1,085, 513 1,454,990 1,080,146 800,047 873,109 873,183 1, 097,020 1,165, 064 798, 602 932,391 1,055,324 1,227,939 1,267,141 1,321, 355 722,926 769,546 892,107 929,646 1,063,129 1,063,856 972,255 1,025,441 946,993 1, 223,841 1,173,372 1,159,936 1, 041,603 1,009, 350 1,036,881 1,227,778 1,081,158 1,367,467 1,084,868 1,161,444 1,226,428 1,177,218 1,187,718 1, 074,207 20 SURVEY OF CURRENT BUSINESS July 1933 LIFE INSURANCE—NEW BUSINESS WRITTEN—Continued > [Thousands of dollars] Amount Year 1913 1914 1915 1916 monthly monthly monthly monthly average. average. average. average. Ordinary Industrial Group 51,909 55,217 58,128 58,645 1,736 3,790 3,927 6,560 140,441 136,813 145, 600 180,183 Month 1921 Amount Year 1922 1923 Ordinary Total 194,085 195,819 207, 654 245,388 1924 1917 1918 1919 1920 monthly monthly monthly monthly 1925 208,881 218,094 380,476 461,433 average.. average.. average.. average.. 1926 1927 1928 Industrial 61,484 77, 901 93,044 Group 14,861 20, 555 35,465 35,478 Total 285,227 304, 747 493, 841 589, 954 1929 1930 1931 1932 614,040 575,497 592,333 520, 586 487, 284 504,329 ORDINARY January... February March April May June 364,674 368,194 433,993 420,875 426,436 411, 581 350,722 379,842 446,674 416, 111 460,304 456,061 435, 663 438, 796 554.360 512,029 549, 771 547,942 507,650 494,847 603,897 570, 639 574,792 559, 543 522, 853 547, 498 659, 712 642,163 684,069 640, 339 559, 259 595,862 733,124 681,033 685, 659 709,839 577,986 625, 479 748,129 736,255 703,073 699, 786 579,189 654, 586 778,964 709,067 756,037 752, 582 659,124 682, 849 829, 238 792,393 800,050 748,344 712,446 730,074 838,904 774,914 723,561 594, 741 598, 755 718, 751 689,011 671, 243 671,039 July August September October November December 356,829 348, 758 322, 597 337,460 344,323 419, 798 408,324 405,881 349, 297 400,401 418,334 520,493 499,753 479.361 414, 330 486,450 506,651 578,854 532,999 460,334 428,308 498,163 499, 307 632, 867 642,823 595, 523 529,667 606,277 588,823 712, 343 644,647 599,194 526,330 606,628 634,261 802,867 624,665 629,185 529,772 605,699 583,454 716, 817 657,932 625,073 533,073 658, 576 806, 754 719,957 696,921 607, 660 705, 266 701,985 835,962 712, 405 620,698 544, 319 618,107 591,605 749, 505 605,628 545,549 482, 704 562,480 586,432 756,871 447, 739 443,460 404,763 433,118 450,098 519, 246 379, 627 417,704 500, 330 530, 279 614, 341 648,225 648, 358 681, 485 731, 646 708, 369 623,600 499,374 Monthly average. INDUSTRIAL January.,_ February. _. March April.. May June __ _. July.... August September October. November December.— Monthly average. 93,357 91,866 118,478 95, 759 125,232 104,909 103,725 110,954 132,833 123,208 125,084 115.959 112,678 114, 758 137, 853 208,105 162,326 147,444 179, 656 143,762 156, 792 158, 557 173,629 154,495 147, 441 177, 666 193,604 196,895 217,735 198.113 227,158 174,782 230,203 215,504 235,207 202,315 185, 292 207, 217 241, 701 227, 280 241, 661 221, 780 236, 303 221,949 273, 551 259,961 216, 396 214,882 265,998 230, 779 274,824 256,279 240, 501 242,166 218,027 212,813 264,415 241,129 230,083 311,925 214,320 208,888 246,663 234,941 236,294 250,658 217, 552 220, 568 251,059 81,872 84, 583 96,805 129,165 109,087 126,646 110,423 102, 901 97,257 132, 790 125.960 137,707 132, 798 127,090 124,905 152,061 146,882 153,154 135,015 141, 525 145,052 198, 461 150, 718 225,892 182, 991 181,048 175.114 256, 704 207,980 223,883 194,315 199,076 197, 277 226, 523 235,691 228,008 200,835 211,158 200, 622 265,974 252, 737 211,076 194,642 193, 365 198,949 233, 530 202,948 246,045 223,680 219,144 221,006 240,489 249,247 234,046 247,506 233,745 210,423 243, 778 208, 482 228,803 253, 228 246, 908 199, 217 213,931 230,344 261, 772 206,641 196, 340 174,156 198,053 184, 882 154,864 104,813 118, 233 143,338 163, 630 196, 598 213, 838 222, 278 224,377 241, 513 237,594 233,097 206,439 56,280 64,314 59,931 73, 234 113,514 91,263 106,782 78,363 103, 587 61,918 99,069 71,845 81,647 111, 919 35,122 45,574 64,883 49,113 50,606 222,956 213,298 GROUP January. February March ApriL_._ May June 6, 851 6,167 10, 111 7,030 9,189 6,119 14, 514 11, 908 17,808 23,323 10,422 18,860 18,200 16,122 24, 988 35,050 45,726 54,924 19,082 15,411 35,034 44,217 34,986 21,490 July August September October November December... 4,632 5,485 5,076 6,569 5,790 38,064 11,902 18, 490 18,067 15,674 17,408 98,052 21,566 21,969 21,389 9,817 18,797 231,497 31, 338 22,931 19,354 9,257 23,036 43,337 _. Monthly average. 36, 696 40,797 66,415 39,041 47, 565 72,368 80,663 56,458 69,282 94,445 46,119 103,057 46,960 45,683 67,817 46,841 91, 505 57,986 62,007 205,195 113,711 98, 637 58,607 64,813 72,238 109,827 106,589 131,101 38,623 184,198 54,947 126,885 37,788 54,433 111,066 314,194 78,125 55,632 73,456 62,353 100,448 262,452 54,229 43,977 31,475 48,625 76,960 165,025 74,196 56,926 277,944 72,119 53,569 224,159 147,658 99,774 75,151 105,393 86,165 160,514 130,036 73,187 138,492 51,552 59,295 130, 519 46,186 45,944 37,300 40,504 28,595 101,205 36,984 28,979 61,018 38,868 36,262 67,810 49,814 83, 232 87,550 111,347 98,781 91,010 66,347 52, 262 739, 251 842, 697 862,333 857,723 761,860 853,732 878,815 968,040 894,113 1,035,695 1,092,887 1,110, 501 905, 473 977, 200 1,010,495 1,031,035 940,845 977,324 990,417 1,177,628 886,017 981,436 989,383 1,081,175 1,023, 759 972,235 1,168,875 1,120,910 1,150, 378 1,097,099 68,957 TOTAL January February March April May June 464, 882 466,227 562, 582 523, 664 560, 857 522, 609 468,961 502, 704 597, 315 562, 642 595,810 590,880 566, 541 569,676 717, 201 755,184 757,823 750, 310 994,787 887,424 1,002,818 911,230 1,221,544 1,027,332 1,193, 547 1,023,021 1,096, 260 979,382 1,142, 268 1,003,344 943,511 831,187 July August September. _ October. November December.. 443, 333 438,826 424,478 473,194 459, 200 584, 508 530,649 527,272 464, 621 548,865 561, 702 756, 252 699, 352 880, 761 654,117 917,087 905,042 879, 729 926,770 1,091,295 1,089,947 628,420 624, 790 903, 456 853, 902 884,320 875,364 1,015,839 927,630 838,401 560, 624 592,714 742, 569 797,063 761,869 1,009,966 903,817 893,234 719,221 648,328 827, 725 917, 414 895, 504 920,298 964,225 1,051,148 913,437 816,915 672, 330 688,648 907,869 970, 400 913,151 922,505 1,037,397 859,382 845, 371 963, 505 1, 042,957 1, 250,420 1,293,327 1,092,918 1,276,958 1,230, 522 1,108,827 1,119, 848 691,364 668,779 639,937 670,039 671, 242 741,920 _. Monthly average. 493,697 558,973 687,005 706, 388 654,020 795, 723 773,413 783,407 735, 528 743, 722 894,171 949,614 939, 334 1,017,208 1,071,940 1,036,973 923,044 822,367 759,353 768,233 758,075 i Compiled by the Association of Life Insurance Presidents, and represents a revision of thefigurespreviously shown due to the elimination of one company. The data on insurance written represent only new business that has been paid for, and is exclusive of revivals, increases, and dividend additions. The 43 companies whosefiguresare included in these tables had in force 81 percent of the total life insurance in force in all United States legal reserve companies at the close of 1931. These tables supersede data previously shown in the Survey of Current Business on this subject. See p. 31 of this issue for 1933 figures. Revised data on premium collections appeared on p. 18 of the June 1933 issue. 21 SURVEY OF CURRENT BUSINESS July 1933 WEEKLY BUSINESS INDICATORS (Weekly average 1923-25=100] 1933 1933 1931 June June June June June June J'une June June 24 17 10 25 18 11 29 20 28 Business activity: New York Times * # Business week * K Commodity prices, wholesale: D e p t . of Labor, 1926=100: Combined index (784).._ F a r m products ( 6 7 ) . . . Food (122) Fisher's index, 1926=100: Combined index (120).__ Agricultural (30) Nonagricultural (90) _ _ Copper, electrolytic Cotton, middling, spot Iron and steel, c o m p o s i t e Construction contracts t Distribution: Car loadings._ E m p l o y m e n t : Detroit factory Finance: Failures, commercial Security prices: Bond prices t Stock prices % June 21 91.4 87.1 65.0 65.9 65.7 85.1 85.0 96.0 96.8 64.1 62.2 54.2 55.8 56.4 75.5 76.8 100.3 94.7 65.1 64.5 64.0 64.0 63.7 53.2 52.8 52.5 46.4 45.4 45.8 61.4 61.0 61.0 59.5 58.5 58.6 64.0 46.6 67.3 56.5 34.9 69.6 23.0 63.5 46.2 66.' 56.5 34.2 69.5 28.5 61.3 56.3 91.6 97.3 62.7 45.5 66.1 56.5 34.2 69.5 59.5 42.9 62.9 37.7 19.5 71.3 26.5 '58.1 52.0 59.3 42.5 62.9 37.7 19.5 71.3 26.5 72.2 59.6 42.6 63.4 37.0 18.8 71.4 27.7 52.3 70.3 62.1 72.8 57.2 38.2 75.0 79.6 79.2 70. 73.2 1933 1931 1930 1933 June June June June June J ne June June June June 24 18 11 10 25 27 20 28 21 17 1930 70.0 61.4 72.8 56.5 32.4 75.0 85.7 88.0 84.2 84.1 50.0 81.0 172.8 77.1 97.7 86.2 88.8 84.6 85.5 51.8 81.0 99.0 18. 5 151.6 150.6 140.3 103. 7 114. 7 120.4 119. 7 94.8 94.2 94. 4 79.1 79.0 79.1 106. 5 106.1106.1 106.4 88.1 86.1 87. 4| 40. 5 42.9 143.0 130. 0 192. 2 197.r .7 * Computed normal=100. % Daily average 1 Latest week is preliminary. # Index revised. See weekly supplement of June 1,1933, for explanation. Finance—Continued Banking: Debits, outside N.Y.C.J. 67.9 58.5 64.9 61.4 64.8 84.5 99.0 125.2 132.5 Federal Reserve reporting member banks:§ Deposits: Net demand 106.2109.9107.7 90.5 92.1 91.0110.0109.7112.3112.9 119.6 116.8 116.1122.8 123.5 124. 0 158.1158. 6 160. 1.4 159.4 Time 78.3 78.9 78.9 78.4 78.4 90.4 92.1 91. 2 116. 3 116. 7 136. 5 137.0 Loans, total _ Interest rates: 24.2 24.2 24.2 24.2 24.2 60.6 60.6 60.6 36.4 36.4 54.5 60.6 Call loans %. 22.9 22.9 22.9 34.3 34.3 34.3 34.3 34.3 74.3 81.8 Time loans % Money in circulation %-- 117.6 118. 2 119.1114.4 113.0 112. 7 98.1 98.3 92.0 92.3 Production: 76.9 72.7 71.5 69.7 68.9 79.6 82. 2 111. 0 114.1 Automobiles 55.4 53.2 40.7 39.6 38.9 66.1 64.9 78.3 78.3 Bituminous coal $ 92.9 86.6 86.4 98.1 96. 6 102. 3 101.9 94.7 95.9 86.5 Electric power t 51.8 54.6 Lumber X - 80.2 76.0 74.9 103.5 105.5 104.8 117. 2 119.2125.3 124.8 120.6 125.4 130.1 Petroleum } 65.8 63.2 60.5 19.7 21.1 23.7 44.7 46.1 84.2 86.8 Steel ingots 1 Receipts, primary markets: Cattle and calves. _ __ 63.9 69.0 70.9 60.1 58.5 57.9 76.6 76.3 52.2 67.7 80.3 89.4 79.7 85.8 46.2 61.2 61.9 69.3 61.9 61.5 65.4 20.8 14.2 11.5 22.3 21.3 11.5 17.3 Cotton.. 62.1 57.3 30.7 38.5 65.5 76.5 43.8 58.4 Wheat. 73.9 87.8 f Weekly average, 1928-30=100. X Average same week, 1930-32=100. § 1933 indexes are based on reports from 90 cities; earlier data cover 101 cities. WEEKLY BUSINESS STATISTICS 1933 1933 1931 1930 1939 June 24 June 17 June^lO J u n e 25 June 18 June 27 June 20 June 28 J u n e 21 June 29 0.078 .095 1.89 28.83 75 0.078 .093 1.87 28.75 .72 0.078 .093 1.87 28.75 .71 0.052 .053 1.62 29.52 .43 0.052 .053 1.61 29.52 .46 0.079 .104 2.16 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 4,353 3,147 3,427 2,710 3,792 2,938 3,141 3,007 3,417 2,847 4,834 3,916 6,375 4,588 5,810 10,027 6,145 9,752 5,708 5,829 6,496 2,194 9 222 1,955 2,212 10 254 1,932 2,214 11 277 1,912 2,288 54 488 1,730 2,270 66 496 1,692 960 106 198 619 907 107 185 599 102 232 577 961 133 207 598 1,294 83 1,017 150 1,252 87 959 139 10, 823 4,338 8,305 5,307 8,500 3,769 4,731 1.00 1.00 4.19 373 5,711 11,207 4,263 7,962 4,990 8,559 4,761 | 1.00 1.00 4.10 396 5,742 10,983 4,275 7,974 5,013 8,511 3,742 4,769 1.00 1.00 4.07. 401 5,784 10,173 4,508 6,919 4,030 9,775 4,212 5,563 2.50 1.50 3.61 617 5,556 10,358 4,537 6,956 4,056 9,991 4,265 5,726 2.50 1.50 3.65 613 5,485 1.50 1.50 4.86 422 4,763 1.50 1.50 4.86 467 4,773 2.25 3.25 4.86 490 4,468 2.50 3.58 4.86 487 4,482 8.75 9.50 4.85 425 4,683 7.00 8.13 4.85 427 75,500 84.89 24, 306 85.53 75.4 77.8 97.7 44.0 72, 200 84.39 29,837 83.66 74.3 75.9 99.4 43.0 83, 900 84.54 32, 320 84.85 72.8 75.2 93.5 42.8 56,496 70.81 3,042 39.31 34.5 34.0 55.0 14.9 53,194 70.78 4,456 41.68 36.7 36.0 59.6 15.9 70, 232 95. 35 21, 620 138.86 103.5 94.5 164.9 80.5 53,862 95.03 7,110 126. 26 103.2 94.5 163.7 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 93.35 19,848 260.47 195.9 149.5 246.1 149.7 55, 293 93.55 17,045 253.71 191.7 191.5 237.4 144.6 1,598 2,513 50 3,689 55,496 943 1,578 2,612 48 4,580 53, 283 906 1,542 2,709 46 54, 577 693 1,441 2,156 15 53,158 675 1,442 2,198 16 4,252 60, 770 1,125 1,635 2,442 34 12, 779 62, 752 1,106 1,610 2,482 84, 662 1,333 1,704 2,611 64 27, 746 87, 063 1,333 1,698 2,599 125, 736 1,608 1,723 2,815 94 22,186 127, 695 1,541 1,703 2,765 95 125 4 52 587,931 98, 502 25, 520 38,147 15,450 168,530 12, 266 229, 516 40 4 76 564, 546 92,384 24,352 35,917 15,801 167,996 9,973 218,123 245 583 61 498,799 71,163 16,719 27,577 14, 587 174,522 4,548 189,683 1,358 36 518,398 71, 546 17,140 25, 795 15, 400 175,819 4,290 25 1,739 225 759,363 124,134 30, 536 41,869 18, 776 216, 060 30,152 297,836 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 47,947 218 517 160 224 557 170 5,876 6,116 190 300 54 3,488 2,134 185 397 37 2,443 14, 356 242 450 58 5,213 10, 527 241 447 58 4,644 8,736 165 521 30 4,940 20, 752 June 22 COMMODITY PRICES, WHOLESALE Copper, electrolytic, N e w York— ..dolls, per l b . _ Cotton, middling, spot, N e w York dolls, per l b _ . Food index (Bradstreet's) ..dolls, p e r l b . . Iron and steel composite dolls, per t o n . . Wheat, no. 2, hard winter (K.C.) dolls, per b u _ . FINANCE Banking: Debits, N e w York City ..mills, of d o l l s . . Debits, outside N e w York City mills, of dolls.. Federal Reserve banks: Reserve bank credit, t o t a l . . mills, of dolls._ Bills bought mills, of dolls.. Bills discounted mills, of dolls._ U.S. Government securities mills, of dolls.. Federal Reserve reporting member banks :§ Deposits, net demand mills, of dolls.. Deposits, time mills, of dolls.. Investments, total mills, of dolls.. U.S. Government securities mills, of dolls.. Loans, total mills, of dolls._ On securities mills, of dolls.. All other mills, of dolls.. Interest rates, call loans percent.. Interest rates, time loans percent.. Exchange rates, sterling (daily av.) dollars.. Failures, commercial— number.. Money in circulation (daily av.) mills, of dolls.. Security markets: Bond sales, N.Y.S.E thous. of dolls, par v a l u e . . Bond prices, 40 corporate issues dollars.. Stock sales, N.Y.S.E thous. of shares.. Stock prices (N.Y. Times)... .dolls, per s h a r e . . Stock prices (421) (Standard Statistics) 1926=100.. Industrials (351) 1926=100.. Public utilities (37) 1926=100. Railroad (33) 1926=100. PRODUCTION, CONSTRUCTION, AND DIS TRIBUTION Production: Automobiles (Cram's estimate)__ number__ Bituminous coal (daily av.) thous. of short t o n s . . Electric power mills, of k w - h r s . . Petroleum thous. of b b l s . . Steel ingots percent of capacity. _ Construction contract awards (da. av.)_thous. of dolls.. Distribution: Exports: Corn thous. of bu__ Wheat thous. of bu._ Wheat flour thous. of b b l s . . Freight-car loadings, total cars. Coal and coke cars. Forest p r o d u c t s . . . cars. Grain and products cars. Livestock cars. Merchandise, 1.c.l cars. Ore cars. Miscellaneous cars. Receipts: Cattle and calves thousands.. Hogs thousands.. Cotton, into sight thous. of b a l e s . . Wheat, at primary markets thous. of bu_. Wool, at Boston, total thous. of l b s . § Statistics cover 90 cities. 202 580 161 6,987 10, 456 24,812 Comparable figures not available prior to 1932 but adjustment has been made in indexes above. 20, 543 239, 544 61, 034 371,864 103 154 74 594 1,031 1,619 182 285 165 920, 645 1,096, 569 1,069,874 174, 332 165,746 141,831 69,498 70,903 49,637 51,963 45,327 39,697 22,973 23, 353 21, 325 259, 376 240, 756 260, 705 76, 657 75,432 63,193 429, 737 364, 206 440, 441 214 523 45 4,558 13, 599 229 530 48 7,509 12,498 234 498 72 6,306 9,331 22 SURVEY OF CURRENT BUSINESS July 1933 Monthly Business Statistics The following summary shows the trend of industrial, commercial, and financial statistics for the past 13 months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and similar information, if published, will be found in the places noted at the bottom of each page. Later data will be found in the Weekly Supplement to the Survey. Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey May 1933 1933 1933 May June July Decem- January FebruAugust SeptemOctober November ber ary ber March April BUSINESS INDEXES BUSINESS ACTIVITY (Annalist) Combined index — _ normal=100 Automobile production normal=100.. Bituminous coal production.— normal = 100— Boot and shoe production _ normal=100 Carloadings, freight normal = 100 Cotton consumption normal = 100 Electric power production normal=100— Pig-iron production normal = 100.. Steel ingot production normal = 100._ "Wool consumption normal=100— Zinc production . normal = 100 INDUSTRIAL PRODUCTION (F.R.B.) Total, unadjusted _ 1923-25=100 . Manufactures unadjusted 1923-25=100.. Automobiles .— 1923-25=100 Cement 1923-35=100 Food products . _ _ 1923-25=100 Glass, plate 1923-25=100 Iron and steel 1923-25=100 Leather and shoes 1923-25=100.. Lumber _ . 1923-25=100 Paper and printing 1923-25=100— Petroleum refining 1923-25=100 Rubber tires and tubes 1923-25=100.. Shipbuilding.. 1923-25=100Textiles. _ _ .1923-25=100Tobacco manufactures 1923-25=100.. Minerals, unadjusted 1923-25=100— Anthracite 1923-25=100— Bituminous coal _._ 1923-25=100. Iron ore shipments 1923-25=100 Lead . — 1923-25=100 Petroleum, crude 1923-25=100 Silver 1923-25 = 100 Zinc . . . 1923-25 = 100 Total, adjusted 1923-25=100 Manufactures, adjusted.- . . . 1923-25=100 _ Automobiles— _._ 1923-25=100 Cement 1923-25=100— Food products 1923-25=100.. Glass, plate — 1923-25=100 Iron and steel 1923-25 = 100 Leather and shoes _.. 1923-25=100.. Lumber.. _ _ 1923-25 = 100 Paper and printing 1923-25 = 100. _ Petroleum refining 1923-25=100 _ Rubber tires and tubes 1923-25 = 100. _ Shipbuilding 1923-25=100.. Textiles 1923-25=100 Tobacco manufactures 1923-25 = 100. . Minerals, adjusted 1923-25=100. _ Anthracite 1923-25=100 Bituminous coal . - 1923-25=100 Iron ore shipments. 1923-25 = 100.. Lead 1923-25=100 Petroleum, crude — 1923-25=100 Silver 1923-25=100 Zinc 1923-25 = 100 64.6 48.3 57.5 52.9 43.0 47.7 85.9 51.2 55.7 67.9 22.5 23.1 39.5 35.9 52.9 47.3 44.5 86.1 50.1 57.5 68.4 19.7 20.2 45.3 34.7 52.0 31.6 45.1 83.4 48.8 57.4 67.3 18.0 19.3 65.1 31.2 55.5 24.6 49.9 91.1 48.9 75.3 67.5 16.7 18.3 87.1 28.2 60.4 25.4 57.0 101.4 52.4 89.0 68.3 19.7 22.4 95.5 28.1 60.0 17.5 64.5 100.4 56.0 83.4 66.2 20.9 23.9 84.8 30.8 59.7 28.2 64.3 94.5 55.3 81.4 67.0 21.4 23.9 81.4 32.6 59.2 52.8 65.1 83.5 56.5 75.8 65.7 18.3 20.8 81.0 36.1 57.2 47.7 54.7 87.9 54.3 74.6 63.1 18.3 «22.1 72.6 36.6 °56.5 31.7 61.0 95.3 53.1 72.1 «63.5 18.5 « 23.1 70.6 40.0 61 60 57 55 87 38 31 78 29 92 146 91 94 60 111 65 49 43 3 48 110 35 39 60 58 45 46 89 35 29 84 28 90 146 72 75 59 110 67 49 49 2 49 109 36 39 59 59 54 65 83 62 25 79 27 85 146 129 100 59 128 61 37 40 6 50 107 44 36 59 58 47 52 83 61 25 82 26 85 146 107 80 63 118 63 42 45 3 49 105 45 38 56 55 34 61 80 36 23 76 25 80 141 87 79 64 123 62 45 42 15 29 106 34 31 58 57 33 50 81 36 25 77 25 86 141 89 54 69 114 64 55 46 8 31 104 40 34 59 58 26 62 78 21 23 94 25 81 135 68 33 86 115 66 48 49 17 32 106 40 29 60 59 23 48 83 21 23 84 23 84 135 68 22 90 108 65 48 50 8 33 104 41 31 67 66 26 67 93 43 27 107 23 89 133 61 84 104 123 73 62 61 15 39 108 34 29 66 66 24 54 95 43 28 93 23 88 133 64 84 104 111 70 61 58 8 41 104 36 31 68 66 15 63 89 50 30 104 25 94 137 60 158 102 112 80 79 74 22 39 104 36 32 67 65 16 55 89 50 31 94 24 91 137 68 216 99 104 74 61 67 13 38 103 36 33 65 63 18 53 87 57 29 85 20 89 138 55 119 95 106 78 67 74 6 47 105 39 35 65 63 31 53 83 59 31 89 21 87 138 73 136 92 104 75 65 66 7 45 106 37 35 60 58 32 34 86 54 24 73 20 81 132 46 60 86 91 72 74 70 64 63 40 23 94 78 28 79 23 84 132 54 64 92 107 71 57 63 39 93 30 39 66 64 60 43 84 72 27 85 23 86 132 67 78 91 112 76 75 66 91.3 96.0 85.2 88.2 82.0 78.5 71.0 82.7 90.3 94.3 78.1 68.5 67.3 80.2 83.7 91.6 79.2 70.0 66.2 75.4 85.3 88.7 73.5 68.4 67.7 66.8 87.9 89.4 84.0 83.8 80.5 74.8 108.5 96.0 85.1 86.8 90.2 75.4 103.8 96.8 91.3 82.0 78.1 79.2 73 5 84.0 58.9 69.3 65.9 58.0 33.7 36.5 126.6 123.2 93.5 87.2 129.9 116.3 74.7 77.8 123.8 118.4 65.7 70.0 124.9 122.0 73.7 69.2 116.6 123.2 82.2 69.8 126.8 129.5 93.7 80.6 54.7 100 7 65.8 25.7 39.8 a a 52. 9 27.2 52.8 °88.9 49.3 72 9 °62.2 15.5 M6.2 51.4 40.0 57 3 «41.0 55.7 °98 0 53.0 75 3 « 62. 9 18.1 «27.6 67.5 42.0 65 63 35 24 89 68 32 92 20 88 132 58 129 88 104 76 68 67 61 59 34 29 90 59 24 87 23 86 135 45 112 78 94 74 63 51 68 68 57 34 99 61 o 39 91 26 88 140 76 31 88 107 "65 45 46 46 102 36 42 65 64 48 38 89 88 29 85 26 86 132 59 91 87 113 73 53 57 41 108 33 47 64 62 33 41 89 63 31 90 20 85 132 54 181 83 115 79 64 63 46 120 48 47 60 57 27 40 91 « 108 36 47 67 66 44 35 105 21 85 22 85 135 41 144 76 99 81 77 51 35 a 94 24 85 140 65 32 85 116 «72 44 55 39 96 30 38 45 107 36 40 40 110 30 44 45 122 44 44 45 «10S 36 45 87.7 91.3 84.0 78.5 104.4 101.3 79.4 83.3 75.2 72.1 94.1 93.8 81.9 85.7 75.5 76.3 90.1 100.0 85.8 91.8 79.8 80.5 99.3 102.0 75.3 80.8 70.2 67.8 85.9 95 8 «84.4 86.3 °73.8 «79.8 98.5 102 0 85.1 87.7 79.4 81.9 85.8 75 3 a 84 4 37.7 47.3 56.2 59.2 61.2 42.6 «54.8 129.0 118.3 93.7 88.5 130.1 121.3 95.4 96.2 124.3 103.2 79.8 83.5 126.0 107.5 83.6 90.4 130.0 112.5 95.0 91.0 115.6 101.5 81.4 84.7 « 121.0 « 119.7 "82.5 "89.5 42." i" 80 79 64 50 100 96 53 100 32 106" 145 77 43 50 21 137 46 76 76 51 42 101 49 109 30 106 143 79 43 57 14 136 46 INDUSTRIAL CONSUMPTION OF ELECTRICAL ENERGY Consumption by geographic sections: Total, United States . . 1923-25=100— Middle Atlantic 1923-25=100.. New England .1923-25=100. _ North Central 1923-25=100 . Southern 1923-25=100Western 1923-25=100 Consumption by industries: Total, all industries 1923-25=100 Automobiles, including parts and accessories 1923-25=100.. Chemicals and allied products 1923-25=100Food products,._ 1923-25=100. Leather and products 1923-25=100 . Lumber and products 1923-25=100.. • Revised. 23 SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May 1933 1933 June May Decem- January FebruAugust SeptemOctober November ber ber ary July March April BUSINESS INDEXES—Continued INDUSTRIAL CONSUMPTION OF ELECTRICAL ENERGY-Continued Consumption by industries—Continued Metals, group 1923-25=100.. Electrical apparatus 1923-25= 100.. Metal-working plants.— 1923-25=100.. Rolling mills and steel plants 1923-25=100.. Paper and pulp 1923-25=100.. Rubber and products 1923-25=100-. Shipbuilding 1923-25=100.. Stone, clay, and glass 1923-25=100.. Textiles 1923-25 = 100.. 61.9 58.1 92.8 55.8 54.1 83.1 53.0 50.7 79.2 50.2 44.0 67.6 45.0 50.6 81.4 51.8 54.8 80.9 53.0 50.6 85.6 56.1 53.3 76.0 52.7 54.7 74.0 52.8 60.6 83.3 58.4 50.5 75.0 50.5 •58.0 89.4 55.3 67.3 112.0 116.7 71.3 91.8 96.4 61.8 102.7 95.5 86.8 97.9 62.8 55.8 95.8 120.7 85.1 87.1 55.2 51.2 94.5 95.6 82.5 77.5 54.0 44.7 94.7 76.4 77.9 71.8 65.7 51.3 107.4 87.7 84.0 90.3 86.7 54.8 111.3 86.5 72.3 84.3 94.8 57.5 113.6 93.0 84.0 81.9 93.0 54.0 98.8 77.2 84.0 56.2 86.5 58.4 104.4 85.2 83.5 58.5 85.0 64.2 111.0 91.0 89.2 67.2 84.1 50.5 •95.2 68.0 •71.5 •68.8 «79.0 «62.3 »102.3 a 82.0 73.0 « 74. 5 86.0 92 103 131 79 153 131 80 59 111 90 86 74 95 148 75 121 77 52 30 109 44 86 58 37 53 102 93 65 88 143 67 99 212 41 19 61 33 110 53 19 52 104 63 66 80 117 61 76 384 51 10 71 81 70 55 13 53 114 64 79 85 106 73 78 322 71 44 85 102 46 55 14 54 107 61 102 81 88 77 72 213 124 173 101 98 75 52 17 49 89 70 123 83 82 84 75 128 164 268 142 87 87 56 27 53 78 84 108 84 84 74 117 84 131 243 77 54 70 51 40 47 77 92 82 81 87 68 119 38 84 135 63 45 61 47 45 42 70 90 75 81 101 75 61 69 89 63 76 63 52 52 65 37 76 51 37 48 23 88 66 76 102 63 104 30 55 49 65 40 105 54 •35 50 33 96 72 86 97 68 137 49 58 42 74 60 83 56 25 53 69 85 37 27 23 76 36 111 0 32 37 21 37 23 45 34 45 34 27 83 34 135 10 33 38 23 55 22 49 23 40 33 21 81 35 131 0 32 38 22 50 22 50 21 33 24 14 71 37 115 0 28 37 19 35 25 41 6 •32 35 15 69 34 •89 1 a 44 7 36 34 •17 75 40 106 0 27 35 19 35 24 41 5 36 41 19 71 36 90 0 27 36 20 34 23 39 4 »133 95 119 «68 101 •81 83 207 81 °76 » 161 74 * 161 a 93 160 °78 226 63.8 MARKETINGS Agricultural products* Animal products Dairy products Livestock.... Poultry and eggs Wool... Crops Cotton _. Fruits _ Grains Vegetables Forest products Distilled wood.. Lumber Naval stores Pulpwood 1923-25=100.. 1923-25=100.. 1923-25=100.. 1923-25=100.. 1923-25=100.. ___ 1923-25=100.. 1923-25=100.. _. .1923-25=100.. ...1923-25=100.. 1923-25=100.. . . . 1923-25=100.. 1923-25=100.. ....1923-25=100.. 1923-25=1001923-25=1001923-25 = 100- 122 ORDERS Orders, new 1923-25=100.. Iron and steel -...1923-25=100.. Lumber and products 1923-25=100.. Paper 1923-25=100.. Stone, clay, and glass 1923-25=100.. Textiles -_._ 1923-25=100.. Transportation equipment 1923-25=100.. Orders, unfilled. 1923-25=100Iron and steel —.1923-25=100Furniture and flooring __ 1923-25=100Paper 1923-25=100.. Brick and glass 1923-25=100.. Textiles 1923-25=100.. Transportation equipment 1923-25=100.. STOCKS Domestic stocks 1923-25=100.. Manufactured goods 1923-25=100.. Chemicals and allied prod.._ 1923-25=100.. Food products.. 1923-25= 100.. Forest products 1923-25=100.. Iron and steel products 1923-25=100.. Leather 1923-25 = 100.. Metals, nonferrous 1923-25 = 100.. Paper, newsprint 1923-25 = 100.. Rubber products 1923-25=100.. Stone, clay, and glass 1923-25=100.. Textiles 1923-25=100.. Raw materials 1923-25=100.. Chemicals and allied prod.-.1923-25=100.. Foodstuffs 1923-25 = 100.. Metals 1923-25=100.. Textile materials 1923-25= 100. World stocks—foodstuffs and raw materials: Total 1923-25 = 100.. Coffee—adj. for seasonal 1923-25=100.. Cotton—adi. for seasonal 1923-25=100.. Rubber—adj. for seasonal 1923-25 = 100.. Silk—adj. for seasonal 1923-25=100. Sugar—adj. for seasonal 1923-25=100. Tea—adj. for seasonal— 1923-25=100. Tin—unadjusted 1923-25=100. Wheat—adj. for seasonal 1923-25=100. 134 96 113 78 101 83 82 201 90 70 158 72 162 90 171 84 213 255 201 • 28 35 18 36 24 144 108 131 91 96 101 84 201 135 106 182 82 170 93 178 131 222 137 104 118 98 94 103 83 202 136 58 180 79 161 91 168 123 207 132 104 120 98 98 91 83 205 128 72 174 75 153 88 162 128 193 134 102 116 92 98 87 83 201 138 75 155 74 157 90 175 125 189 143 100 121 84 98 91 83 205 127 69 146 74 173 112 180 122 217 155 98 122 73 99 87 83 192 125 76 141 77 196 122 195 116 263 157 98 121 67 103 85 85 191 117 82 149 82 199 122 185 106 287 153 96 121 66 108 81 83 193 83 81 162 76 193 117 177 109 282 149 97 122 69 107 81 85 196 90 78 164 74 186 112 169 95 277 143 97 120 69 105 82 82 200 89 80 167 77 176 104 164 86 259 137 96 123 67 103 •83 81 206 88 80 167 73 166 99 163 82 231 285 498 250 337 229 330 121 243 250 285 487 251 325 249 341 119 235 240 274 * 462 264 311 214 327 128 236 204 268 M32 268 323 206 314 130 226 189 262 *428 244 325 204 311 136 229 198 256 429 221 330 186 310 141 226 207 260 434 239 328 188 306 153 228 204 262 426 229 330 193 314 155 220 217 263 402 229 326 206 312 145 212 236 259 394 212 261 375 231 <* 3 2 8 220 331 147 207 220 217 326 158 209 208 236 *331 225 348 167 204 208 •330 COMMODITY PRICES COST OF LIVING (N.I.C.B.) Total, all groups. Clothing Food Fuel and light Housing Sundries- _ 1923=100.. 1923=100-. .1923=100-. 1923=100.. 1923=100 _ 1923=100.. 72.1 60.7 64.1 82.8 63.5 89.4 77.9 66.9 69.3 85.7 73.5 93.3 77.2 65.7 68.5 85.6 72.4 93.1 77.0 64.8 69.1 85.3 71.7 92.8 76.8 64.3 69.0 85.5 71.2 92.8 76.6 64.2 68.7 86.0 70.5 92.6 76.1 64.4 68.7 86.3 69.6 91.4 75.6 64.0 68.0 86.5 68.7 91.5 75.1 63.5 67.6 86.3 67.5 91.3 73.7 62.6 64.9 86.0 66.4 90.7 72.1 61.8 62.2 85.9 65.4 89.4 71.8 61.2 61.9 85.8 64.6 89.4 71.5 60.7 61.9 84.6 64.0 89.3 62 65 57 41 59 51 51 45 49 44 65 68 62 83 42 79 43 59 36 69 82 44 68 54 47 68 57 34 52 43 63 59 57 67 68 41 56 51 62 68 62 56 42 69 80 49 52 37 63 59 33 59 34 57 34 50 48 59 60 36 53 49 59 66 65 59 57 72 69 67 60 57 52 51 53 56 FARM PRICES (Dept. of Agri.) Total, all groups Cotton and cottonseed Dairy products * Fruits and vegetables Grains Meat animals Poultry products * _ Unclassified 1 Revised. 1909-14=100.. 1909-14=100.. 1909-14=100.. 1909-14=100.. 1909-14=100 . 1909-14=100.. 1909-14=100. _ 1909-14=100— & Estimated. 62 47 54 121 96 57 84 102 115 59 75 65 60 43 44 42 46 43 45 40 40 44 38 43 * New series. See p. 18 of the March 1933 issue (marketings) and p . 20 of May 1933 issue (prices). 47 57 56 44 24 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 July 1933 1933 1933 May June May Decem- January FebruAugust SeptemOctober Novemary ber ber ber July March April COMMODITY PRICES—Continued RETAIL PRICES Department of Labor indexes: Coal Food Fairchild index: Combined index* Apparel: Infants' wear* Men's* _ Women's* Home furnishings* Piece goods* 1913=100.. 1913=100. 155 94 166 101 166 100 166 101 168 101 Dec. 1930=100.. 70.4 76.8 75.1 74.0 Dec. Dec. Dec. Dec. Dec. 77.5 71.0 72.3 71.1 67.2 83.0 79.4 77.5 77.3 72.7 79.5 77.2 76.2 76.2 71.5 78.4 75.8 75.0 75.2 69.8 1930=100._ 1930=100 1930=100.. 1930=100.. 1930=100.. 171 100 172 100 172 99 173 99 172 95 73.6 73.6 73.3 72.6 71.8 71.1 78.5 74.7 74.9 74.8 70.7 77.9 74.6 75.4 74.9 71.1 77.2 74.5 75.4 74.2 70.9 76.9 73.9 74.3 74.0 70.3 77.1 73.0 74.1 73.0 69.6 77.2 72.4 72.7 72.5 67.7 171 91 76.7 71.6 71.9 71.5 66.1 170 91 164 90 69.7 69.4 76.4 71.2 71.7 70.9 65.8 76.4 70.7 71.8 70.2 65.1 WHOLESALE PRICES Department of Labor index: Combined index (784) 1926=100.. Economic classes: Finished products 1926=100._ Raw materials 1926= 100.. Semimanufactures 1926 = 100. _ Farm products 1926=100.. Grains 11926=100.. Livestock and poultry 1926=100— Foods 1926=100.. Dairy products. 1926=100.. Fruits and vegetables 1926=100— Meats 1926=100.. Other products 1926=100.. Building materials 1926=100. Brick and tile 1926=100Cement 1926=100 Lumber 1926=100— Chemicals and drugs 1926=100. Chemicals 1926=100.. Drugs and Pharmaceuticals. 1926= 100.. Fertilizer materials 1926=100.. Fuel and lighting 1926=100. Electricity.... 1926=100. Gas. 1926=100.. Petroleum products 1926=100.. Hides and leather 1926=100.. Boots and shoes 1926=100 Hides and skins 1926=100— Leather _ 1926=100. House furnishing goods 1926=100— Furniture 1926=100. Furnishings 1926=100__ Metals and metal products...1926= 100— Iron and steel 1926=100Metals, nonferrous 1926=100— Plumbing a n d h e a t i n g equipment 1926= 1 0 _ Textile products.. 1926=100.. Clothing.. 1926=100— Cotton 1926=100.. Knit goods 1926=100.. Silk and rayon 1926=100.. Woolens and worsted 1926= 100_. Miscellaneous 1926=100.. Auto tires and tubes... 1926=100.. Paper and pulp 1926=100.. Other wholesale price indexes: Bradstreet's (96) 1926=100. Dun's (300) 1926=100. World prices, foodstuffs and raw materials: Combined index*..,_ __ 1923-25=100. Coffee*1923-25=100. Copper*. .1923-25=100. Cotton* 1923-25=100. Rubber* 1923-25=100. Silk* .1923-25=100. Sugar* _ 1923-25=100. Tea* 1923-25=100. Tin* ___ ..1923-25=100. Wheat*.1923-25=100. Wholesale prices, actual. (See under respective commodities.) 60.2 60.4 65.7 48.4 56.3 40.9 32.7 40.1 53.7 52.4 52.4 50.2 66.0 69.8 75.1 81.8 56.4 71.3 79.0 54.8 61.5 63.6 102.9 96.6 34.3 68.0 83.3 40.9 55.3 72.3 71.9 72.9 77.4 77.3 46.2 65.7 49.4 56.9 42.8 36.0 43.0 54.6 50.9 54.3 50.5 65.8 70.3 74.9 81.8 57.8 71.2 79.3 54.8 61.9 62.9 100.5 96.6 33.1 68.1 83.2 41.4 55.6 72.2 71.8 72.9 77.2 76.4 47.9 65.7 50.0 57.3 44.5 44.8 41.0 56.1 53.1 57.8 50.3 65.3 70.2 75.0 81.8 57.9 71.4 79.5 54.6 62.9 61.5 98.3 97.5 32.5 69.4 83.2 45.8 57.2 71.5 71.5 71.7 76.9 75.7 49.2 62.8 51.9 61.9 50.1 48.4 27.0 53.4 61.2 44.6 72.0 59.4 51.2 61.2 49.1 48.3 25.6 53.2 59.2 42.6 72.1 59.4 51.3 61.3 50.0 47.1 25.5 53.2 58.9 41.3 72.2 59.4 51.8 61.4 50.7 47.2 26.3 53.3 57.8 37.4 70.6 52.6 69.0 50.6 68.1 49.2 67.7 50.6 68.0 54.1 70.8 25.7 51.9 34.8 21.7 7.7 21.7 20.9 28.0 45.1 31.2 25.1 48.4 34.6 22.8 7.2 18.2 18.0 29.2 45.2 32.0 24.9 47.0 34.6 22.4 6.9 16.8 18.5 40.0 46.7 30.0 27.0 47.0 36.2 25.7 7.0 16.5 23.9 39.8 48.4 30.1 28.6 44.5 39.0 25.4 8.3 18.5 27.9 38.1 54.0 32.9 24 10 27 10 22 8 28 9 18 7 22 8 16 7 19 8 14 8 14 8 16 11 14 « 10 <*6,483 5,266 7,152 < * 6,483 13,514 12,068 13, 514 « 11.034 105,302 302 127,527 "107,274 105, 4,205 6,949 81,219 81, 219 3,800 8,453 83,356 3,884 7,382 52,712 6,303 9,890 59,959 7,254 10,870 56,573 1,363 3,331 24,945 1,466 4,460 28,732 1,532 4,085 23,670 2,254 5,000 26,359 2,535 4,972 23,807 62.7 64.4 63.9 64.5 65.2 65.3 64.4 63.9 62.6 61.0 67.2 53.7 61.3 50.2 52.8 46.8 59.4 58.8 58.8 52.3 66.5 71.4 75.2 81.8 59.6 73.2 80.9 55.0 66.8 60.4 70.0 53.2 57.6 45.7 37.7 46.7 58.8 57.4 62.4 56.0 70.1 70.8 76.1 77.1 57.6 73.1 78.6 58.3 68.0 71.6 105.5 106.3 48.2 70.8 87.5 32.5 58.7 74.7 74.0 75.4 79.9 79.8 47.5 70.5 54.7 55.5 47.9 36.7 54.1 60.9 58.2 59.7 62.0 69.7 69.7 75.9 77.3 56.9 73.0 78.9 57.6 66.8 72.3 105.8 108.3 49.7 68.6 84.4 33.5 60.0 74.0 73.0 75.1 79.2 77.2 47.0 70.7 55.7 57.9 49.1 38.2 52.8 61.8 60.2 55.6 61.9 70.1 69.6 75.2 79.0 55.5 73.3 79.7 57.0 66.4 72.1 104.4 107.0 48.9 69.7 84.4 39.3 60.0 73.6 72.6 74.8 80.1 78.7 48.5 70.4 56.2 60.7 49.1 37.4 51.2 61.8 60.6 52.5 60.9 70.4 70.5 75.4 79.0 56.3 72.9 79.8 56.6 63.6 70.8 103.4 107.6 46.7 72.2 84.4 48.2 63.2 73.7 72.7 74.7 80.1 79.7 51.6 69.6 54.6 60.7 46.9 34.4 45.0 60.5 60.5 52.2 56.4 70.2 70.7 75.3 79.0 56.6 72.7 79.8 55.9 63.4 71.1 104.6 104.4 47.4 72.8 84.6 49.6 64.1 73.7 72.8 74.7 80.3 80.4 50.7 69.3 54.2 58.9 46.7 33.2 41.9 60.6 62.3 52.4 53.7 69.8 70.7 75.4 79.0 56.6 72.4 31.2 76.9 83.6 67.3 68.3 71.7 71.6 72.0 77.7 75.2 56.6 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 70.7 106.1 103.0 47.2 72.5 88.4 35.7 60.6 74.8 74.1 75.5 80.1 80.0 48.3 55! 0 63.5 71.4 103.1 100.0 48.2 71.4 84.2 46.1 61.9 73.7 72.7 74.7 79.6 79.4 49.1 68.4 52.1 57.7 44.1 31.7 38.7 58.3 59.5 52.8 49.4 69.0 70.8 75.1 81.1 56.5 72.3 79.7 54.7 63.1 69.3 104.1 96.5 45.0 69.6 83.8 41.7 59.2 73.6 72.7 74.7 79.4 78.8 48.3 66.7 50.2 56.9 42.6 32.9 37.8 55.8 55.2 53.0 49.5 67.3 70.1 74.9 | 81.2 55.9 71.6 79.3 54.9 62.3 66.0 103.2 96.7 38.7 68.9 83.3 43.0 57.1 72.9 72.3 73.5 78.2 78.5 46.4 61.3 55.9 61.9 57.9 48.0 29.1 61.5 58.9 37.6 70.7 64.4 54.3 a 62.9 52.9 50.5 29.1 58.3 64.4 39.2 76.5 66.7 52.7 67.4 51.0 49.6 27.5 55.0 64.2 39.6 76.2 67.1 51.5 66.0 50.0 47.8 26.2 53.6 64.3 40.1 76.2 67.1 52.7 66.0 52.6 48.5 29.5 53.4 64.6 40.1 76.3 66.8 55.6 67.3 57.9 50.4 32.6 56.7 64.7 42.7 75.5 67.5 55.0 62.5 56.2 50.9 30.8 56.5 64.1 44.6 73.4 67.5 53.9 62.2 53.6 51.0 29.5 55.3 63.7 44.6 73.4 67.5 53.0 62.5 51.7 49.3 29.3 54.2 63.4 44.6 73.0 62.1 74. 51.7 68.3 52.1 66.4 52.6 68.3 55.5 71.1 56.3 72.4 53.9 71.4 53.3 71.0 25.9 51.4 37.9 21.0 7. 17.2 14. 42.9 41. 38.8 24.8 50.4 37.2 19.5 6.2 16.7 18.7 28.3 39.1 35.0 26.6 51.4 36.5 21.3 6.8 17.2 25.9 27.3 41.6 34.3 30.5 59.8 37.7 27.2 8.5 23.0 28.4 30.5 45.7 36.2 32.6 73.2 43.2 28.3 9.0 25.2 28.4 33.3 49.3 37.5 30.1 62.8 41.4 24.3 8.5 23.4 28.2 36.3 47.6 35.0 27.8 52.4 37.1 22.8 8.1 21.8 26.4 33.6 46.4 33.1 46.5 48.4 31.6 11.6 22.2 "3976 71.4 38.8 CONSTRUCTION AND REAL ESTATE CONSTRUCTION CONTRACTS AWARDED Contracts awarded, F . R . B . : Total, unadjusted 1923-25=100.. Residential 1923-25=J00._ Total, adjusted 1923-25=100.. Residential 1923-25=100— F . W . Dodge Corporation (37 States): Total, all types: Projects _ number.. Floor space thous. of sq. f t Valuation . . t h o u s . of dolls.. Nonresidential buildings: Projects number.. Floor space thous. of sq. ft— Valuation thous. of dolls.. * New series. 20 14 17 11 31 14 26 12 32 12 27 11 31 12 27 11 32 11 30 12 9,409 15,277 15, 277 77,172 7,513 15,742 15, 742 146,221 146, 221 7,151 12,296 12, 296 113,075 7,008 14,399 128,769 128, 769 7,185 13,864 133,988 2,140 8,899 8,899 58,946 2,093 6,395 39,813 2,064 8,678 48,982 2,180 8,114 49,071 3,152 6,525 31,639 aa 30 12 30 12 1,921 6,721 35,997 28 12 29 12 «1,792 »4,912 a 4, 912 «26,917 « 26,917 1,582 6,036 31,845 For earlier data see p . 19 of the December 1932 issue (Fairchild index) and p . 20 of September 1932 issue (world prices). • Revised. 25 SUEVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey May 1933 1932 1933 May June July Decem- January FebruOctober NovemAugust Septemary ber ber ber March April CONSTRUCTION AND REAL ESTATE—Continued CONSTRUCTION CONTRACTS AWARDED—Continued F. W. Dodge Corporation (37 States)—Con. Public works and utilities: Projects number Floor space thous. of sq. ft__ Valuation thous. of dolls _ Residential buildings: Projects number__ Floor space— thous. of sq. ft__ Valuation _ thous. of dolls.. Engineering construction:1 Total contracts awarded (E.N.R.) thous. of dolls.. 958 400 19,013 1,589 182 61,718 1,724 106 50,146 1,876 265 60,046 1,685 205 64,150 1,745 243 68,725 1,378 138 58,501 1,082 643 54,212 939 181 43,317 540 832 42,674 466 148 17,237 851 117 17, 578 685 85 13, 623 5,299 8,352 26, 520 [3,784 16,662 25,557 3,334 5,794 23,116 3,068 5,456 19,741 3,320 5,545 20,767 3,486 6,550 22,804 3,313 5,984 21,856 2,602 5,490 19,245 1,903 3,437 12,958 1,794 3,160 11,951 1,886 3,149 11,805 3,198 4,773 16, 021 4,034 5,814 19,144 78,198 107, 743 118,587 120,458 81,634 114,487 100,812 100,443 103,360 95,392 60, 513 57,934 49,393 1,902 1,633 10,360 9,242 11,068 10,038 7,236 6,230 12, 275 11,137 12,653 10,690 6,712 5,667 8,002 7,592 5,649 4,638 5,387 5,129 1,440 1,280 1,696 1,478 570 379 8,371 2,642 762 507 255 69, 732 31, 845 4,200 2,336 1,864 60, 697 28,014 4,076 2,111 1,965 49,676 22,516 3,538 1,647 1,891 56,154 19, 285 3,821 2,025 1,795 58, 319 18,394 3,691 2,339 1,353 56,058 17,378 3,570 2,498 1,072 51,976 15,619 3,228 2,249 978 45,085 13,314 2,682 1,911 770 40,180 11,903 2,489 1,881 609 33,050 9,816 2,218 1,660 558 25, 738 7,498 1,959 1,408 551 13,127 3,938 1,151 783 368 Estimated total cost thous. of dolls.. 260, 736 Federal-aid allotment thous. of dolls.. 92, 669 Mileage, total number.. 13, 657 Initial number 9,258 4,400 Stage (added improvement)...number._ Mileage completed to date. number.. 106, 554 Balance of Federal-aid funds for new construction thous of dolls 16 317 219, 647 103, 026 9,734 7,617 2,117 100,898 234,043 109, 230 10, 512 7,885 2,627 101,032 240,857 112, 630 11,237 8,304 2,934 101,191 242,175 112, 686 11,518 8,260 3,258 101,505 260,943 115,528 13, 268 9,116 4,152 101,124 255,315 107,152 13, 224 8,966 4, 258 102, 361 250, 724 101, 098 12,978 9,152 3,826 103,874 250,978 98, 257 13,349 9,353 3,996 104,562 252,372 95, 884 13,301 9,347 3,953 105,055 260,185 97,337 13, 561 9,550 4,011 105,412 265, 678 98, 311 13,855 9,628 4,228 105, 646 269,489 97, 551 14, 209 9,709 4,500 105,835 71 383 61, 720 56,836 51, 425 42,075 33,593 25, 583 20, 294 18,075 15, 746 14, 550 15, 622 153 166 152.8 151 164 152.2 150 163 153.4 149 162 156.8 149 163 158.0 147 163 159.2 146 163 158.2 145 163 158. 5 142 163 158.4 141 163 159.3 140 163 158.4 158 160.2 148 148 167 149 150 153 166 153 152 152 166 152 150 151 165 153 157 152 157 150 154 148 155 148 155 149 153 148 154 148 153 149 152 147 151 146 153 147 150 143 1st* HIGHWAY CONSTRUCTION Concrete pavement contract awards: Total .thous. of sq. yd.. Roads only thous. of sq. yd_. Federal-aid highways: Approved for construction: Estimated total cost thous. of dolls.. Federal-aid allotment thous. of dolls.. Mileage, total .number. _ Initial number.. Stage (added improvement)...number.. CONSTRUCTION COSTS Building costs—all types (American Appraisal Co.)* ..1913=100.. Building costs—all types (A.G.C.).. 1913=100— Building costs—all types (E.N.R.)..1913= 100.. Building costs—electric light and power construction (Rickey)* 1913=100.. Building costs—factory (Aberthaw). 1914=100 Building material costs: Brick house, 6-room__ ._ 1913=100 Frame house, 6-rooni 1913=100.. 158 164.4 150 145 MISCELLANEOUS DATA Construction—employment and wages: Employment, Ohio. (See Employment.) Wages, road building. (See Employment.) Fire losses, United States thous. of dolls.. Ship construction. (See Trans. Equipment.) Real estate: Market activity each month 1926=100. New financing. (See Finance.) I 39, 271 34,339 32,982 31,426 30,972 30, 734 31,168 39,191 35,548 36,661 35, 321 27, 826 54.6 55.2 47.2 54.2 53.4 60.4 50.1 52.9 50.4 57.2 41.7 41.1 DOMESTIC TRADE ADVERTISING Radio broadcasting: Cost of facilities, total thous. Automotive thous. Building materials thous. Clothing and dry goods thous. Confectionery thous. Drugs and toilet goods thous. Financial thous. Foods. thous. House furnishings . thous. Machinery thous. Paints and hardware thous. Petroleum products thous. Radios thous. Shoes and leather goods thous. Soaps and housekeepers' supplies thous. Sporting goods thous. Stationery and publishers-thous. Tobacco manufactures thous. Miscellaneous thous. Magazine advertizing: Cost, total thous. Automotive thous. Building materials thous. Clothing and dry goods thous. Confectionery thous. Drugs and toilet goods thous. Financial.. thous. of of of of of of of of of of of of of of dolls. dolls. dolls. dolls. dolls. dolls. dolls. dolls. dolls. dolls. dolls. dolls. dolls. dolls. 2,293 121 0 53 33 557 86 712 44 0 11 304 44 0 3,632 230 0 77 169 783 110 1,030 20 65 77 199 8 30 2,997 175 0 26 58 701 96 1,025 4 43 36 183 7 21 2,417 137 0 2 54 571 88 808 5 32 8 182 0 17 2,286 127 0 0 67 522 84 684 3 33 2 198 0 15 2,493 78 0 23 139 474 90 780 13 23 10 182 0 12 3,036 58 0 19 134 556 92 909 16 35 18 211 0 15 3,060 57 0 29 170 628 88 896 0 69 14 247 16 12 3,006 118 0 17 186 650 99 898 0 84 8 308 27 12 2,803 176 0 21 145 699 85 750 32 49 8 319 54 9 2,620 171 0 39 100 638 76 722 50 12 12 292 36 0 3,014 215 0 47 120 719 86 860 77 0 13 294 57 0 o 2,466 126 0 52 103 ° 598 82 767 43 7 6 281 36 0 of of of of of dolls. dolls. dolls. dolls. dolls. 82 0 17 207 23 111 17 79 543 85 91 17 46 414 54 81 22 22 378 9 92 17 20 385 37 80 9 68 366 147 79 0 52 358 485 116 0 44 354 320 78 0 51 395 75 79 0 33 361 24 74 0 36 334 30 94 0 33 364 34 77 0 18 239 32 of of of of of of of dolls. dolls. dolls. dolls. dolls. dolls. dolls. 9,106 779 192 268 166 2,029 177 12, 958 1,748 368 303 297 2,615 196 10,888 1,128 222 253 355 2,372 217 8,195 789 127 224 274 1,914 176 6,807 668 129 90 276 1,731 146 6,836 512 133 185 149 1,761 149 8,293 567 202 222 163 1,805 200 9,053 535 195 198 170 2,305 229 7,827 375 146 162 128 1,896 212 5,569 421 111 106 108 1,257 198 8,236 1,164 128 150 55 2,181 191 8,670 834 150 241 98 2,453 196 9,285 962 172 244 144 2,324 204 ^ Data for June, September, December 1932, and March 1933, are for 5 weeks, other months 4 weeks. * New series. For earlier data see p . 19 of the January 1933 issue (building costs, Richey). Earlier data for American Appraisal Co. not published. ° Revised. 182446—33 4 26 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May July 1933 1933 1932 May June July Decem- January FebruOctober NovemAugust Septemary ber ber ber March April DOMESTIC TRADE—Continued ADVERTISING—Continued Magazine advertising—Continued Foods thous. of dolls. Garden thous. of dolls. House furnishings thous. of dolls. Jewelry and silverware thous. of dolls. Machinery. thous. of dolls. Office equipment.thous. of dolls. Paints and hardware thous. of dolls. Petroleum products thous. of dolls. Radios. _ ..thous. of dolls. Schools thous. of dolls. 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. Miscellaneousthous. of dolls. Linage, total. thous. of lines. Newspaper advertising: Linage, total (22 cities) thous. of lines. Linage, 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. 129 201 2,050 95 1,198 167 48 97 132 373 82 184 161 1,862 68 884 139 27 72 88 463 82 205 170 1,465 32 424 70 17 49 53 375 114 202 59 1,403 16 223 47 28 25 3 375 99 219 21 1,284 10 320 41 18 40 34 305 131 191 71 1,760 19 532 116 20 66 38 291 165 142 151 1,953 24 561 146 31 80 55 299 205 120 164 1,816 19 367 202 29 71 23 284 210 113 67 1,209 42 225 77 17 32 9 157 146 132 45 1,817 75 367 28 27 38 25 175 83 144 13 1,943 74 396 28 34 37 76 180 63 116 69 2,075 64 522 50 33 34 99 216 61 116 159 750 136 121 457 388 197 1,922 973 312 195 563 463 339 »2,058 845 286 171 362 309 307 1,523 578 189 122 418 228 297 1,103 451 125 66 320 133 212 928 533 70 104 393 139 262 987 639 51 237 446 164 298 1,246 464 65 267 472 213 303 1,364 358 146 326 352 259 264 1,252 277 104 160 332 223 181 1,266 632 41 170 347 195 190 1,584 643 49 118 392 278 203 1,791 702 79 135 392 311 188 1,910 62,184 o69,506 94,649 106,004 20,173 17,019 85,831 77,630 6,700 7,021 1,528 1,709 16,133 19,059 52,947 58,363 65,405 100,157 20,047 80,109 7,940 1,706 18,428 52,035 50,449 80,871 17,207 63, 665 5,574 2,226 13,653 42, 212 49, 577 78,839 17,563 61, 275 4,754 1,621 13,034 41, 866 62,324 93,003 18,359 74,644 3,684 1,645 15,606 53,708 70,753 103,323 19,171 84,153 3,052 1,975 18,891 60, 235 63, 855 94,967 16,423 78,545 3,740 1,737 16, 823 56,245 60, 735 91,509 15,689 75, 820 3,913 1,651 8,908 61,348 52,077 77,957 15,282 62,675 4,866 2,281 14,197 41,331 47,186 72, 539 14,083 58,456 3,048 1,637 15,188 38, 584 49, 884 76, 364 14, 810 61, 554 2,503 1,951 13,869 43, 230 60,118 91, 053 17,000 74, 053 4,685 1,511 15, 289 52, 569 76, 793 864 64,134 56,082 838 60,096 902 49,868 738 48,104 680 47, 646 641 41, 515 686 40,829 633 39, 575 542 31,165 520 35, 530 625 [3.5 62.7 62.6 62.7 62.0 61.7 62.1 61.7 60.7 60.8 « 60. 2 60.4 number.. 2,863 3,107 2,534 2,909 2,661 2,592 2,458 2,681 3,307 2,839 2,674 2,665 pounds. - 687,906 694,930 545, 060 568,887 555,661 567, 006 533,047 542,326 524, 721 493,416 586, 822 568, 740 thousands.thous. of dolls-- 3,421 32,021 3,369 32,056 3,066 30,454 3,061 30, 286 2,971 29, 378 3,219 31,056 3,152 30, 201 3,574 32, 745 3,207 30,038 3,098 31,864 3,936 59, 711 3,261 35, 866 thousands.. thous. of dolls-thous. of dolls. 8,927 70, 720 2,871 9,369 73,903 3,066 8,187 70,157 2,934 8,306 72, 506 2,692 8,441 74,483 2,962 9,430 79,092 2,538 9,221 75, 369 2,799 10,151 78, 670 6,340 8,567 67, 210 2,400 7,996 65, 370 2,423 10,445 136,196 2,630 9,622 94,163 22, 621 2,513 22,006 2,452 23, 789 2,959 23,851 2,900 25, 770 2,835 26, 711 3,030 26,109 2,840 33, 097 3,789 24, 674 2,955 22,559 2,659 24,422 2,646 23, 810 2,678 58 643 73 24 23 97 COLLECTIONS Delinquent accounts, electrical trade: Amount dollars. Firms. _ number.. 34,668 651 FINANCIAL INDICATORS Bank debits. (See Finance.) Business failures. (See Finance.) Commercial loans. (See Finance.) Money in circulation. (See Finance.) GOODS IN WAREHOUSES Space occupied, public merchandising warehouses percent of total.. NEW INCORPORATIONS Business incorporations (4 States) POSTAL BUSINESS Air mail, weight dispatched Money orders: Domestic, issued (50 cities): Number Value Domestic, paid (50 cities)Number.. Value Foreign, issued—value Receipts, postal: 50 selected cities 50 industrial cities thous. of dolls. . thous. of dolls.. 24,393 2,703 RETAIL TRADE Chain-store sales: Combined index (20 companies)* av. same mo. 1929-31 = 100. Apparel (4 companies)* av. same mo. 1929-31 = 100Grocery (6 companies)* av. same mo. 1929-31=100. Five-and-ten (variety) stores: Total, 8 chains, unadjusted.. 1923-25=100. Total, 8 chains, adjusted 1923-25=100. F. and W. Grand: Sales thous. of dolls. Stores operated number. S. S. Kresge Co.: Sales thous. of dolls. Stores operated number. S. H. Kress & Co.: Sales .thous. of dolls. Stores operated number. McCrory Stores Corp.: Sales 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.. 79 84 80 83 82 79 79 80 76 75 78 72 78 71 74 78 76 73 75 70 63 74 76 87 84 81 82 80 78 80 76 73 74 74 126 130 133 138 127 138 118 135 118 127 123 135 142 133 130 129 226 117 100 135 103 138 110 121 « 129 « 140 1,249 74 1,505 1,428 81 1,143 76 1,137 75 1,171 72 1,306 73 1,276 76 2,250 76 862 76 936 74 1,058 74 1,338 74 9,941 716 10,059 715 10,041 718 9,042 718 8,805 719 9,430 722 10, 506 722 9,841 723 18, 051 723 7,706 718 8,054 718 8,492 717 10, 228 720 4,978 231 5,126 227 4,877 227 4,492 227 4,862 227 4,914 227 5,151 229 4,854 229 9,327 230 3,913 232 3,896 232 4,087 231 4,766 231 2,361 237 3,155 241 3,025 241 2,681 241 2,627 241 2,825 241 3,475 241 3,129 242 5,830 242 2,537 243 2,339 243 2,383 240 2,721 226 1,661 178 1,543 173 1,491 173 1,394 173 1,361 173 1,419 174 1,620 175 1,563 175 2,855 176 1,130 176 1,223 177 1,314 178 1,629 178 527 32 603 40 570 40 533 40 534 40 601 40 596 39 541 39 997 38 347 38 364 35 417 34 551 33 * New series. For footnote see p. 19 <tf the December 1932 issue. . » Revised. 27 SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey M a y 1933 1932 May June July Decem- January FebruAugust SeptemOctober November ary ber ber March April DOMESTIC TRADE—Continued RETAIL TEADE—Continued Chain-store sales—Continued Five-and-ten (variety) stores—Continued F . W . Woolworth Co.: Sales thous. of dolls. Stores operated number. Grocery chains: A. & P . T e a Co.: Sales, value total t h o u s . of dolls. Weekly average -thous. of dolls. Sales, tonnage, t o t a l . ..tons. Weekly average ...tons. R e s t a u r a n t chains: T o t a l sales, 3 chains: Sales _ t h o u s . of dolls. Stores operated .number. Childs Co.: Sales.. ._ thous. of dolls. Stores operated number. J. R. T h o m p s o n Co.: Sales t h o u s . of dolls. Stores operated numberWaldorf System (Inc.): Sales _ t h o u s . of dolls. Stores operated numberOther chains: W. T . G r a n t & Co.: Sales thous. of dolls. Stores operated number_ J. C. Penney Co.: Sales thous. of dolls. Stores operated number. Department-store sales and stocks: Sales, total value, adjusted 1923-25=100Sales, total value, unadjusted—1923-25=100. Atlanta 1923-25=100. Boston _. _ 1923-25=100Chicago 1923-25=100. Cleveland 1923-25=100. Dallas— _._ 1923-25=100. Kansas City 1923-25=100. Minneapolis.. _ 1923-25=100. N e w York 1923-25=100. Philadelphia* 1923-25=100. Richmond..1923-25=100. St. Louis _ 1923-25=100. San Francisco 1923-25=100. Installment sales, N e w E n g l a n d dept. stores, ratio to total sales percentStocks, value, end of m o n t h : Unadjusted-.. 1923-25=100. Adjusted 1923-25=100. Mail-order a n d store sales: Total sales, 2 companies thous. of dolls. Montgomery W a r d & C o . . t h o u s . of dolls. Sears, Roebuck & Co thous. of dolls. 19,801 1,931 20, 529 1,913 18,921 1,915 18,146 1,919 18, 244 1,920 19,463 1,925 22,473 1,930 20,216 1,932 33,099 1,932 15,845 1,927 16, 245 1,927 17,511 1,929 20,159 1,929 61,525 15,381 397,498 99,375 72,433 18,108 437,687 109,422 86,063 17,213 531,088 106,218 64,239 16,060 397,468 99,367 79,317 15,863 490,487 98,097 63,625 15,906 391,804 97,951 66, 530 16,633 415, 659 103,915 62,849 15, 712 395,275 98,819 79,616 15,923 498,470 99,694 57,235 14,309 371,394 92,849 61,102 15,276 406,156 101,539 74,981 14,996 495,192 99,038 61,056 15, 264 405, 660 101,415 3,173 379 3,736 383 3,456 383 • 3,269 384 3,314 382 3,403 382 3,406 383 3,386 382 3,641 382 3,425 381 3,081 381 3,290 382 3,201 381 1,227 104 1,426 107 1,274 107 1,203 107 1,268 107 1,311 107 1,350 106 1,445 105 1,554 105 1,431 105 1,278 105 1,311 105 105 865 116 1,053 115 1,019 116 1,002 117 1,001 115 976 116 950 117 887 117 918 117 884 117 784 117 875 116 826 116 1,081 159 1,257 161 1,163 160 1,064 160 1,045 160 1,116 159 1,106 160 1,054 160 1,169 160 1,110 159 1,019 159 1,104 161 1,055 160 6,553 451 « 6,084 417 « 5,863 424 <* 5,090 429 5,055 434 « 5,658 438 « 6,962 442 « 6,334 «11,368 444 445 4,270 446 4,491 449 5,137 451 6,277 451 14,433 1,478 « 12, 645 1,466 12,025 1,467 11,455 1,468 10, 752 1,472 13,053 1,474 16,752 1,477 15,042 1,477 18,942 1,476 8,688 1,473 8,460 1,474 10, 234 1,478 14, 592 1,478 67 67 68 70 69 61 67 63 60 76 59 80 60 73 72 72 65 73 70 64 63 63 58 78 63 85 62 70 69 66 56 70 66 58 54 56 57 81 60 80 57 67 65 46 44 46 45 40 38 42 40 50 39 51 39 59 65 49 53 48 50 44 47 50 50 56 42 55 47 75 68 71 65 75 69 55 72 73 72 80 53 77 71 73 69 75 75 80 71 61 77 71 62 95 74 94 68 79 63 73 63 76 65 57 68 64 56 91 66 86 67 68 60 106 96 115 100 90 99 96 85 134 101 137 92 121 60 49 43 50 49 41 42 44 40 56 44 54 43 54 60 49 48 43 46 41 45 45 37 54 40 51 42 52 57 50 49 51 50 42 53 53 56 65 49 61 47 59 67 68 a 59 «64 « 63 «64 «62 a 62 «66 78 60 78 «60 6.9 7.3 5.6 5.2 9.6 9.3 9.9 7.3 4.1 6.2 7.1 6.3 5.3 56 55 69 68 65 67 59 64 59 61 63 60 67 61 69 61 56 60 52 58 54 56 55 53 55 53 37,778 15,103 22, 675 38, 718 14,172 24, 546 39,889 14,840 25,049 32,073 11,804 20, 269 33, 777 12,988 20,789 39,156 14,638 24,518 45,423 19,805 25,618 41,281 16, 552 24,729 51, 556 21,055 30,501 26,958 10,100 16,858 26,176 10,114 16,062 27,554 11, 211 16,343 35,365 15,574 19,791 56.7 38.1 31.0 31.2 55.6 78.2 80.1 75.8 76.9 49.1 76.6 78.8 67.8 31.8 42.8 42.3 78.7 57.0 60.4 46.4 67.7 68.1 66.7 57.6 42.5 43.9 40.3 54.1 56.6 38.9 33.1 32.1 55.3 75.6 79.1 76.6 57.8 40.5 36.7 32.5 58.6 82.4 78.8 75.9 78.2 50.6 75.0 77.7 63.9 32.8 43.1 44.4 78.4 57.1 60.6 46.7 69.7 EMPLOYMENT CONDITIONS AND WAGES EMPLOYMENT Factory, unadjusted (F.R.B.).. 1923-25=100. Cement, clay, and glass 1923-25=100. Cement ___ 1923-25=100. Clay products 1923-25=1CO_. Glass 1923-25=100.. Chemicals and products 1923-25=100.. Chemicals and drugs 1923-25=100.. Petroleum refining 1923-25=100.. Food products ...1923-25=100.. Iron and steel 1923-25=100.. Leather and products 1923-25=100.. Boots and shoes 1923-25=100.. Leather 1923-25=100.. Lumber and products 1923-25=100.. Machinery 1923-25=100.. Metals, nonferrous 1923-25=100.. Paper and printing 1923-25=100.. Rubber products 1923-25=100.. Auto tires and tubes. 1923-25=100.. Boots and shoes 1923-25=100.. Textiles and products 1923-25=100.. Fabrics 1923-25=100.. Wearing apparel—, 1923-25=100.. Tobacco manufactures 1923-25=100.. Transportation equipment 1923-25= 100.. Automobiles 1923-25=100.. Car building and repairing. .1923-25= 100.. Shipbuilding _ . . 1923-25=100.. Factory, adjusted (F.B.B,) 1923-25=100.. Cement, clay, and glass.. 1923-25=100.. Cement 1923-25=100.. Clay products 1923-25=100.. Glass 1923-25=100.. Chemicals and products 1923-25=100.. Chemicals and drugs 1923-25=100.. Petroleum refining 1923-25=100.. 60.0 43.7 38.4 35.3 63.2 78.9 80.8 76.8 80.2 53.2 76.4 77.8 70.9 35.3 44.5 47.9 79.4 60.2 66.6 40.8 73.0 75.7 66.1 64.2 43.7 47.8 39.7 53.4 60.6 42.6 37.6 34.2 62.3 80.3 82.1 76.9 61.3 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 62.1 45.8 41.9 41.1 57.1 79.7 81.9 78.4 59.1 45.0 42.8 39.6 56.9 74.2 78.0 78.1 80.9 54.8 70.5 72.7 61.6 37.8 51.3 48.6 82.0 67.0 70.3 57.1 57.2 58.2 54.7 69.0 50.8 59.6 41.6 78.5 60.0 43.4 40.9 38.0 55.5 76.4 79.6 77.4 57.2 43.4 41.9 38.7 53.6 72.3 75.6 77.4 79.3 51.4 71.6 74.2 61.3 36.3 48.4 45.4 80.5 65.0 69.4 51.9 53.9 56.4 47.5 68.4 49.2 57.9 40.7 71.4 58.3 43.1 39.8 37.6 55.9 74.7 78.2 75.7 58.6 42.1 39.2 38.0 51.8 72.2 75.7 75.8 80.7 50.4 76.1 79.4 62.6 36.4 46.4 45.8 79.3 63.6 66.3 55.2 62. 3 63.8 58.4 68.3 45.1 50.8 38.7 66.9 58.8 40.5 36.4 36.4 51.1 74.0 77.6 74.4 * New series. For earlier data see p . 20 of the December 1932 issue. 61.5 43.4 43.3 38.5 53.4 74.0 76.9 76.6 83.8 51.7 78.0 81.1 65.0 37.7 45.9 46.6 80.9 60.2 63.3 50.7 71.9 72.6 70.3 69.9 43.1 44.3 40.1 64.5 60.3 41.9 41.1 37.3 51.6 73.7 77.0 75.2 62.0 44.9 44.3 39.4 56.0 75.1 79.4 74.6 85.0 53.3 79.0 81.7 67.9 39.0 45.8 47.1 82.3 60.5 62.9 53.3 75.7 76.2 74.4 71.9 41.3 37.3 42.1 63.4 61.1 43.8 42.6 38.8 54.4 74.9 78.6 74.7 60.9 44.6 42.4 39.0 57.0 75.5 80.1 74.3 82.9 53.6 72.7 73.4 69.6 38.1 46.0 48.4 82.2 61.2 62.7 56.6 73.1 75.2 67.8 72.7 43.3 40.5 43.4 62.4 61.2 44.3 41.8 39.0 56.0 75.2 78.6 75.0 59.6 41.4 34.0 36.1 56.2 75.4 79.6 75.4 81.5 52.1 70.0 70.3 68.6 36.6 46.0 46.8 81.6 61.8 62.2 60.3 71.1 74.1 63.4 68.8 44.8 45.2 42.7 62.4 60.6 42.6 35.3 37.1 57.7 75.2 78.3 76.3 58.1 36.7 31.0 30.4 52.2 76.2 80.2 75.0 78.6 49.6 73.3 74.6 68.1 33.8 44.0 44.4 80.2 59.1 61.3 52.7 69.6 72.8 61.7 60.4 46.1 50.4 41.3 60.9 59.4 39.4 34.0 32.8 55.7 76.4 79.7 76.4 »Revised. 59.2 37.8 30.7 31.4 54.4 77.3 80.5 75.7 78.4 51.8 77.3 79.2 69.6 33.4 44.4 45.3 80.1 59.4 62.5 50.4 72.3 73.7 69.0 63.4 45.1 49.6 40.6 57.1 59.4 39.9 33.8 33.4 56.0 76.4 78.9 76.7 56.3 41.4 44.4 38.5 49.8 57.7 40.2 37.3 32.2 57.8 77.6 78.1 75. 9 28 SUEVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 1932 1933 May July 1933 May August j S«gem- October Novem- Decem- January February ber ber July June March April EMPLOYMENT CONDITIONS AND WAGES—Continued EMPLOYMENT—Continued Factory, adjusted (F.R.B.)—Continued Food products— 1923-25=100.. Iron and steel 1923-25=100.. Leather and manufactures 1923-25=100.. Boots and shoes. .1923-25=100.. Leather _ 1923-25=100.. Lumber and products 1923-25=100.. Machinery 1923-25=100Metals, nonferrous 1923-25=100.. Paper and printing 1923-25=100.. Rubber products 1923-25=100.. Auto tires and tubes 1923-25=100.. Boots and shoes 1923-25=100Textiles and products 1923-25=100Fabrics.. _ 1923-25=100.. Wearing apparel 1923-25=100Tobacco manufactures— 1923-25=100Transportation equipment 1923-25=100 _. Automobiles1923-25=100Car building and repairing- _ 1923-25=100Shipbuilding 1923-25=100Factory, by cities and States: Cities: Baltimore* 1929-31 = 100Chicago* .1925-27=100Cleveland Jan. 1921 = 100Detroit .1923-25=100.. Milwaukee* 1925-27=100New York 1925-27=100Philadelphia 1923-25=100States: Delaware 1923-25=100Illinois 1925-27=100.. Iowa__ ...1923=100.. Massachusetts * 1925-27=100Maryland* 1929-31=100.. New Jersey 1923-25=100.. New York 1925-27=100.. Ohio 1926=100.. Pennsylvania 1923-25=100.. Wisconsin 1925-27=100.. Nonmanufacturing (Dept. of Labor): Mining: Anthracite... 1929=100.. Bituminous coal.. 1929=100.. Metalliferous 1929=100.. Petroleum, crude production... 1929=100.. Quarrying and nonmetallic 1929=100.. Public utilities: Electric railroads 1929=100.. Power, light, and water. 1929=100.. Telephone and telegraph __ 1929=100.. Trade: Retail 1929=100.. Wholesale 1929=100.. Miscellaneous: Banks, brokerage houses, etc.*~1929=100Canning and preserving 1929=100.. Dyeing and cleaning* 1929=100. Hotels .1929=100. Laundries*... -___ 1929= 100-. Miscellaneous data: Construction employment, Ohio. .1926=100Farm employees, hired, average per farm number . Federal and State highway employment, total* numberConstruction* numberMaintenance* numberFederal civilian employees: United States* _ number. Washington _ numberRailroad employees, class I .thousands. Trade-union members employed: All trades percent of totalBuilding trades* percent of total. Metal trades*. percent of total. Printing trades* percent of totalAll other trades*.. percent of totalOn full time, all trades...percent of total. 82.6 52.5 79.7 81.4 72.6 35.7 44.2 47.4 79.9 59.7 65.3 42.9 73.4 75.9 67.4 65.4 41.9 43.8 39.4 52.1 83.2 56.5 75.8 77.9 67.0 39.0 54.1 50.8 84.3 65.8 67.7 59.9 62.4 62.4 62.5 68.4 50.2 54.7 43.9 79.4 81.1 54.8 74.3 76.9 63.4 37.9 51.0 48.7 82.8 67.0 68.9 61.1 58.5 58.7 58.1 69.4 50.0 58.0 41.3 77.6 79.4 52.1 71.9 74.1 62.4 36.1 48.3 46.0 81.4 64.6 68.1 54.3 56.9 58.6 52.9 70.2 49.3 58.1 40.4 73.0 81.0 50.6 74.0 76.7 62.9 35.7 46.4 46.4 80.4 62.7 64.4 57.2 64.8 66.1 61.5 68.3 44.8 49.8 38.6 70.7 81.8 51.3 74.9 77.3 65.0 36.6 46.0 47.2 81.1 58.6 61.6 49.4 72.2 73.6 68.6 67.9 42.8 43.0 40.0 69.2 81.3 53.2 76.1 78.1 67.9 37.6 46.1 47.8 82.0 60.7 64.0 51.0 74.3 75.5 71.2 68.3 41.4 37.3 41.9 67.6 80.7 53.8 73.2 74.1 69.1 37.3 46.6 48.9 81.1 63.7 67.0 53.6 72.3 73.9 68.9 68.6 45.6 45.6 43.6 65.0 80.0 52.8 72.0 72.9 68.3 36.8 46.4 47.4 80.2 63.2 65.4 56.3 70.4 72.9 64.0 67.7 47.4 51.6 42.8 j 62.4 79.6 50.6 72.9 74.4 66.9 35.0 44.5 44.8 79.6 59.7 62.6 51.2 69.2 72.2 61.5 64.9 47.4 53.3 42.0 59.1 79.2 51.4 75.6 77.5 67.5 34.4 44.2 44.4 79.9 59.1 62.3 49.6 70.4 72.2 66.1 64.1 45.0 48.9 41.1 54.1 78.4 48.3 75.7 78.0 66.2 32.5 42.2 41.0 78.5 56.6 59.7 47.3 65.4 66.9 61.9 57.8 41.7 41.9 40.5 50.9 81.2 50.0 76.4 79.3 64.4 33.3 42.6 43.4 78.8 56.7 59.6 47.9 68.5 69.2 66.8 57.5 40.1 41.5 "38.3 47.0 63.6 51.1 68.8 52.5 61.0 58.4 65.3 72.5 55.9 69.7 69.6 59.3 57.2 66.7 69.0 55.4 68.6 72.2 57.4 54.3 65.5 65.3 51.0 66.0 63.4 53.5 51.0 61.8 65.4 53.0 66.7 29.2 53.7 55.3 62.5 66.6 53.4 65.1 37.4 55.4 59.6 66.0 67.1 53.3 65.2 42.0 55.4 61.6 64.7 51.8 65.6 39.3 55.7 59.5 68.4 64.9 49.8 66.6 48.0 54.4 57.9 65.5 61.2 49.2 66.6 28.8 53.7 55.8 63.5 63.5 49.7 66.8 49.2 54.1 58.0 63.1 60.5 48.2 61.7 41.8 54.3 56.3 60.8 64.3 49.3 65.3 50.0 a57.5 57.8 61.4 73.1 53.6 86.4 57.7 57.1 65.3 58.1 63.3 72.6 57.2 92.8 54.5 72.5 62.4 57.6 65.1 61.4 63.9 71.5 56.6 91.7 51.7 68.1 61.5 55.6 64.3 59.7 62.4 69.8 52.3 91.2 48.4 66.0 58.9 52.4 62.4 57.1 62.4 68.1 53.5 91.5 54.4 66.5 57.5 54.4 59.3 58.5 60.2 72.1 54.5 94.0 59.7 68.9 59.8 57.8 60.3 60.6 61.1 70.9 54.4 95.1 62.1 71.0 60.1 59.5 61.4 62.4 60.5 71.6 53.5 93.5 59.0 69.9 59.4 58.9 61.5 61.8 60.1 73.5 51.7 92.6 56.8 69.4 59.2 57.1 60.7 60.0 58.8 73.4 50.7 85.6 55.8 65.4 56.3 55.4 60.6 57.7 57.3 74.3 52.1 88. 2 57.9 67.5 57.4 56.3 61.5 58.6 58.8 71.5 50.8 83.2 53.9 64.3 55.1 53.7 57.2 54.5 58.6 69.6 51.7 83.7 64.1 67.5 55. 0 55.3 60.5 55.1 60.8 43.2 61.2 30.0 56.9 43.4 66.9 62.6 38.3 54.5 50.6 53.0 60.5 32.2 54.2 49.5 44.5 58.6 29.5 55.4 49.5 49.2 59.4 28.6 57.4 51.1 55.8 62.4 29.3 56.2 52.4 63.9 67.0 30.5 56.8 52.4 62.7 69.4 31.9 56.5 49.4 62.3 70.0 33.3 57.2 42.3 52.5 69.8 32.4 57.2 35.1 58.7 69.3 31.5 57.0 34.8 54.6 67.6 30.0 56.5 35.1 51.6 63.7 29.4 56.8 39.3 69.1 76.9 70.1 76.9 84.0 80.6 76.5 83.2 79.9 75.6 82.3 79.1 74.1 81.5 78.1 73.5 81.0 77.4 72.3 79.9 76.2 71.8 79.1 75.5 71.4 78.4 74.8 70.6 77.7 74.6 70.4 77.4 73.9 76.9 73.2 69.5 76.9 72.3 77.0 74.0 80.9 77.9 79.4 77.0 74.6 76.6 72.6 76.4 77.8 81.7 77.6 95.2 77.0 76.9 71.4 73.1 78.6 73.3 98.2 40.5 84.5 80.1 81.4 98.1 55.5 85.1 78.0 81.0 98.5 73.0 82.4 78.4 80.3 98.7 99.0 79.5 77.6 78.9 98.6 125.3 83.3 77.0 78.6 98.2 50.5 78.0 74.3 76.2 98.0 33.7 75.2 73.2 75.9 75.3 97.6 34.1 73.0 73.8 75.4 73.4 74.1 96.4 45.5 82.0 71.9 73.5 81.3 77.8 98.7 81.1 82.3 75.4 77.5 97.0 35.1 70.9 73.8 74.4 33.2 71.2 72.4 73.0 96.3 49.2 81.1 71.9 73.4 36.3 37.8 37.9 40.8 35.7 30.4 24.8 23.9 21.3 20.1 22.1 1.09 1.01 1.09 25.3 .93 77.1 .77 .72 .79 .86 259, 615 280,636 129,842 151,617 129, 773 129,019 305,372 175,254 130,118 333,403 374,405 373, 246 371, 667 290,465 182, 201 219, 277 214,427 210,939 150,479 151, 202 155,128 158,819 160,728 139,986 266,443 115,404 151,039 255, 256 279, 213 114,567 133, 595 140, 689 145, 618 299,882 162, 816 137, 066 612,833 69,375 1,082 613,941 68,793 1,047 608,703 67,552 1,022 611,010 610,948 67, 259 67,070 996 1,010 599,990 66,800 960 600,311 66,802 956 603,818 67, 557 934 605, 554 67,063 68 38 58 82 79 47 66 36 55 79 65 30 53 80 78 45 66 29 50 78 79 46 66 28 51 78 78 44 67 29 51 78 80 46 77 45 67 36 55 78 78 46 68 35 54 80 80 46 608,488 66,974 1,033 607,904 66,388 1,013 600,943 66,302 LABOR CONDITIONS Factory operations, proportion of full time 84 83 worked, total .percent.. 82 86 85 85 84 85 84 93 92 Chemicals and products percent92 90 91 91 90 89 90 89 92 94 94 Food products percent95 94 94 95 94 94 93 94 92 79 79 Leather and products percent80 84 86 87 80 86 90 88 76 75 Lumber and products. percent. 79 71 76 73 77 82 77 74 78 Metal products: Iron and steel percent71 70 67 67 73 68 70 70 72 70 73 Other percent76 75 73 78 80 73 80 78 77 73 76 Paper and printing.. percent87 86 84 83 86 87 86 85 86 88 87 Stone, clay, and glass percent83 81 80 79 79 80 78 78 85 83 83 84 Textile products _ percent85 85 84 88 93 94 92 90 89 90 87 90 Tobacco products percent79 80 79 80 79 78 80 82 80 79 78 Transportation equipment percent. 82 81 79 78 78 81 82 84 87 86 83 90 Automobiles percent75 76 70 70 69 73 76 80 85 82 76 90 Hours of work per week in factories:* Actual, avg. per wage earner hours.. 37.4 33.9 32.7 32,2 32.1 34.9 36.5 36.5 35.4 34.9 35.2 32.2 33.8 * New series. For earlier data see p. 20 of the October 1932 issue (hours of work) and p. 18 of the December 1932 issue and pp. 19 and 20 of the June 1933 issue (employment). a Revised. 29 SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1932 1933 May May- June July 1933 Decem- January FebruAugust SeptemOctober November ary ber ber March April EMPLOYMENT CONDITIONS AND WAGES—Continued LABOR CONDITIONS—Continued Labor disputes: t Disputes __ _.number.. Man-days lost „ number.. Workers involved number__ Labor turnover (quarterly) :* Accessions percent of no. on pay roll— Separations: Discharged percent of no. on pay roll . Laid-on* percent of no. on pay roll Voluntary quits percent of no on pay roll «40 «38 «33 «23 «21 «12 «32 29 a 45 "1,251,455 "943, 338 "740, 785 <*754,423 "566,045 «147,059 « 68,154 « 40,492 240,912 «109,860 "400,821 a «997 8,790 « 6,706 « 7, 773 « 49, 777 a 24,138 « 33,216 27, 717 « 7,456 « 2, 324 « 1,896 8.50 7.80 12.55 10. 50 12.92 .49 .45 10 78 .43 8.75 .38 10.14 2.15 2.10 1.77 1.56 49 317,289 14, 357 PAY ROLLS Factory, unadjusted (F.R.B.)—.1923-25=100.. Cement, clay, and glass.. 1923-25=100— Cement 1923-25=100 _ Clay products.... 1923-25=100.. Glass - - 1923-25=100 . Chemicals and products.. 1923-25=100— Chemicals and drugs 1923-25= 100.. Petroleum refining . 1923-25=100 _. Food products 1923-25=100.. Iron and steel 1923-25=100— Leather and products 1923-25=100 B oots and shoes 1923-25=100. . Leather... 1923-25=100.. Lumber and products 1923-25=100.Machinery 1923-25=100Metals, nonferrous 1923-25=100 _ Paper and printing .1923-25=100.. Rubber products . .1923-25=100 _ Auto tires and tubes 1923-25=100.. Boots and shoes 1923-25=100Textiles and products 1923-25=100— Fabrics 1923-25=100.. Wearing apparel 1923-25=100. . Tobacco manufactures— 1923-25=100.. Transportation equipment 1923-25=100.. Automobiles . 1923-25=100.. Car building and repairing--1923-25=100.. Shipbuilding 1923-25= 100— Factory by cities: Baltimore* 1929-31=100 . Chicago* 1925-27=100Milwaukee * -1925-27=100 New York* . . 1925-27=100.. Philadelphia * 1923-25=100 Factory, by States: Delaware 1923-25=100Illinois .1925-27=100 Maryland * 1929-31=100— Massachusetts* 1925-27=100. _ New Jersey - - .1923-25=100 _ New York .1925-27=100 Pennsylvania ..1923-25=100.. Wisconsin 1925-27=100.. Nonmanufacturing (Department of Labor): Mining: Anthracite 1929=100.. Bituminous coal 1929=100— Metalliferous . . 1929=100 Petroleum, crude production.. .1929=100— Quarrying and nonmetallic 1929=100— Public utilities: Electric railroads 1929=100 Power, light, and water 1929=100.. Telephone and telegraph 1929=100.. Trade: Retail 1929=100.. Wholesale - 1929=100 Miscellaneous: Banks, brokerage houses, etc.*_-1929=100__ Canning and preserving 1929=100— Dyeing and cleaning * . 1929=100 Hotels 1929=100.. Laundries * 1929=100 42.0 25.1 21 2 15.9 45 9 61.9 62.0 65.1 64.8 29 5 50 8 49 2 56.6 18.0 27.4 34 5 64.9 46 2 49.0 34.7 46.8 50.1 40 1 45.5 35.3 40 4 30.6 40 3 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 42.6 27.3 28.5 19.0 43.2 63.2 61.1 72.1 71.4 26.0 45.0 44.3 47.4 20.9 32.3 32.0 72.9 55.1 59.4 37.9 35.8 37.0 33.4 52.2 40.7 47.1 32.9 67.4 39.6 24.4 25.9 17.8 36.9 60.0 57.8 68.9 68.3 22.2 46.2 46.1 46.6 19.0 28.8 29.4 69.1 45.9 49.7 30.8 32.5 34.4 28.6 51.4 37.3 43.4 29.6 64.9 40.1 23.9 25.1 17.6 35.9 60.0 58.1 68.2 67.9 22.1 51.7 52.4 49.0 19.3 27.1 28.9 67.4 41.5 43.0 35.7 42.3 42.1 42.6 49.4 31.6 32.7 28.6 53.6 42.1 24.6 26.3 18.4 35.8 59.8 58.4 66.3 70.8 23.4 54.5 55.2 52.3 20.9 27.0 30.3 70.0 36.4 35.6 39.9 53.1 51.7 56.0 51.0 27.3 22.2 28.9 52.4 43.5 26.4 27.0 20.0 38.7 60.7 61.9 63.3 70.9 26.2 55.0 54.6 56.3 22.4 27.7 32.2 71.7 38.9 38.1 42.4 55.6 55.2 56.3 52.6 29.1 23.3 31.4 53.4 41.8 25.7 24.8 19.0 39.5 60.9 62.3 63.1 67.0 25.6 43.8 40.7 55.0 20.9 27.4 31.9 70.2 38.6 36.1 48.3 49.4 51.9 44.2 52.4 31.9 27.6 33.7 48.8 40.9 23.3 18.4 17.5 37.8 59.8 60.5 62.8 66.1 24.2 42.0 38.7 53.9 18.8 28.0 30.1 69.8 39.8 36.7 52.2 46.4 50.1 39.1 50.4 33.8 32.0 33.5 52.4 39.2 20.2 16.1 13.4 36.0 60.7 60.6 64.6 64.1 22.7 43.7 41.7 50.9 16.3 26.0 27.5 67.0 35.4 34.8 38.0 44.2 46.6 39.2 38.3 34.0 36.3 30.8 46.6 40.0 20.9 16.0 14.3 37.3 60.8 61.1 64.3 62.7 24.7 50.0 49.0 53.9 16.3 26.3 27.4 65.8 35.8 35.7 36.3 48.2 48.4 47.7 40.2 32.1 32.2 30.8 44.2 36.9 20.6 16.4 13.8 36.7 60.4 59.8 64.5 59.8 22.4 47.1 46.2 50.3 14.3 24.0 25.1 63.3 31.1 31.7 28.6 41.3 40.8 42.4 36.0 29.2 27.0 29.9 40.3 38.6 22.0 18.3 14.2 39.9 60.8 58.4 63.8 62.6 24.4 45.9 46.0 45.4 15.6 24.4 27.4 62.4 34.2 35.2 30.2 45.2 43.0 49.8 35.9 30.6 32.3 28.6 37.4 46 9 29.3 38 7 45 6 47.8 53.4 34.4 36.4 48.6 50.1 50.5 33.5 32.7 45.6 49.0 46.2 29.0 27.6 42.4 44.4 45.9 31.6 30.1 45.8 45.1 47.2 32.0 32.2 51.3 51.1 48.7 31.4 34.1 51.6 54.3 46.0 28.5 34.3 48.0 50.5 46.0 28.3 31.6 46.2 48.6 42.5 28.4 30.2 44.0 45.5 42.5 28.6 30.3 45.1 45.9 41.4 25.7 27.7 43.7 42.3 44.3 26.4 34.8 46.0 43.5 48.3 31 3 49 1 45 8 42 4 35 6 40.6 49.4 o 34.9 « 55.0 40.5 53.2 44.9 37.3 41.3 48.5 34.0 51.9 37.7 51.7 42.6 35.7 38.0 45.9 29.3 47.8 34.5 47.9 39.4 32.1 34.2 44.7 31.4 47.7 39.2 46.0 41.2 33.6 35.3 47.9 32.2 49.3 44.4 49.2 44.9 36.0 37.0 48.0 32.5 51.2 45.6 49.8 46.4 38.7 39.3 46.7 30.1 48.9 42.0 47.5 44.2 36.4 38.2 49.3 29.1 48.4 40.4 47.5 42.6 35.2 35.0 46.9 28.5 44.7 38.3 44.1 40.1 31.9 32.5 48.5 29.6 45.7 40.8 45.3 40.7 32.8 34.0 44.4 27.2 44.0 35.9 41.5 38.4 30.0 32.6 42.6 28.2 45.9 36.7 43.1 40.1 31.4 36.4 30 0 26.9 17 0 41.6 23.8 58.0 30.7 23.8 47.1 32.3 37.4 27.3 20.1 44.8 30.0 34.5 24.4 16.9 44.6 29.1 41.4 26.4 16.5 42.9 29.7 47.0 30.2 17.0 41.9 30.5 66.7 37.8 18.0 42.5 30.1 51.0 38.0 18.7 42.4 27.1 56.2 37.7 18.7 41.7 22.1 43.2 36.1 18.1 39.9 18.1 56.8 37.2 17.8 41.7 17.4 48.8 30.7 17.4 42.5 17.8 37.4 26.6 16.4 40.1 20.2 58 2 69.9 68.5 70.2 80.5 82.1 66.4 78.7 79.6 63.8 76.7 79.1 62.5 74.7 75.9 61.5 74.4 75.7 61.7 73.2 74.3 61.9 73.2 73.5 60.9 73.0 71.7 60.6 71.6 71.9 59.4 71.9 «71.6 58.1 69.4 67.8 59.5 57 4 72.2 84.2 82.8 71.1 69.7 68.2 66.2 63.3 64.7 60.7 63.2 64.6 63.1 67.1 63.9 66.9 63.3 73.6 62.6 62.7 61.7 58.4 58.6 55.1 57.1 60.4 56.0 83.6 31.8 53 9 51.8 54 5 93.2 36.0 67.3 67.0 70.6 90.4 40.5 65.8 63.8 68.6 90.1 47.5 60.0 61.8 66.3 88.5 65.6 56.3 59.6 63.9 87.3 75.1 61.0 59.1 62.9 86.5 51.8 58.8 58.6 61.2 86.0 34.4 52.3 57.5 59.1 85.7 25.6 48.4 56.6 58.7 85.5 24.8 46.6 55.7 57.9 84.7 25.9 42.4 55.9 55.5 84.1 24.2 41.0 53.5 52.9 83.3 33.5 54.6 51.7 54.0 a WAGES—EARNINGS AND RATES Factory, weekly earnings (25 industries) :* 16.21 16.13 15.39 15.35 16.84 14.56 16.24 16.37 17.17 15.43 16.23 16.86 All wage earners .». dollars 16.71 Male: 18.67 16.54 17.75 19.40 18.55 18.83 19.63 18.37 17.59 • 17. 51 18.58 19.25 18.94 Skilled and semiskilled.. -dollars13.92 13.30 13.89 12.27 13.13 13.94 14.20 13.66 14.64 14.35 13.80 13.16 14.42 Unskilled . dollars . a 10.96 9.93 10.09 10.97 10.42 10. 60 12.22 11.86 11.56 11.03 10.70 11.70 11.03 Female dollars.. 60.6 60.9 54.7 57.8 57.7 61.5 61.0 58.0 61.0 63.4 63.3 64.5 62.8 All wage earners .__1923=100._ Male: 60.2 60.6 57.6 63.0 53.7 63.7 57.1 °56.9 60.3 62.5 61.1 59.6 61.5 Skilled and semiskilled 1923=100.. 62.5 55.1 62.3 59.7 63.7 61.3 59.1 58.9 64.4 65.7 61.9 62.6 Unskilled 1923=100 64.7 63.6 57.6 58.5 62.1 68.8 67.1 63.6 60.4 67.9 70.9 64.0 «61. 5 64.0 Female . . . 1923=100Factory, av. hourly earnings (25 industries): .464 .460 .468 .460 .468 .467 .489 .487 .479 .474 .510 .500 .453 All wage earners * dollars Male: .521 .522 .530 .527 .529 .527 .541 .553 .546 .538 .570 .558 .513 Skilled and semiskilled * .dollars.375 .381 .373 .380 .391 .387 .377 .392 .381 .392 .409 .399 .368 Unskilled * dollars.294 .298 .299 .312 .305 .303 .322 .311 .306 .313 .334 .328 .297 Female * . dollars— * New series. For earlier data see p. 20 of the October 1932 issue (weekly earnings and turnover rates) and p. 18 of the December 1932 issue (hourly earnings and Maryland and Massachusetts and Baltimore pay rolls). Other data are on pp. 19 and 20 of the June 1933 issue. a Revised. f Data for 1932 revised. Disputes, Feb. 34, March 30, April 44; man-days lost, Jan. 132,873, Feb. 460,701, March 736,982, April 620,866; workers involved, Jan. 4,993, Feb. 31,103, March 13,937, April 21,513. 30 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 1932 1933 May July 1933 May June July Decem- January FebruOctober NovemAugust September ber ary ber March April EMPLOYMENT CONDITIONS AND WAGES—Continued WAGES—EARNINGS AND R A T E S Oontinued Factory, weekly earnings, by States: 72.8 Delaware 1923-25=100.. 63.1 Illinois 1925-27=100 . Massachusetts* 1925-27=100N e w Jersey ..1923-25=100._ "~~83.T N e w York 1925-27=100 . 74.2 61.9 Pennsylvania.... 1923-25=100Wisconsin. 1925-27=100 . 58.5 Miscellaneous data: Farm wages, without board (quarterly) dolls, per month Railroads, wages _ dolls, per hour Road-building wages, common labor: # United States _ dolls, per hour .33 .39 East North Central dolls, per hour.. .20 East South Central dolls, per hour.. .35 Middle Atlantic _ _dolls, per hour.. .43 Mountain States dolls, per hour .32 New England . dolls, per hour.. .50 Pacific States dolls, per hour .22 South Atlantic. dolls, per hour . West North Central dolls, per hour.. .34 West South Central dolls, per hour.. .28 Steel industry: U.S. Steel Corporation dolls, per hour.. .38 Youngstown district...percent base scale.. 94.0 74.8 66.4 74.3 89.6 78.0 61.1 61.3 74.7 64.6 73.0 88.2 76.6 60.2 57.6 72.2 60.5 71.2 85.2 75.3 56.6 51.7 72.0 61.7 72.1 83.8 75.8 58.0 55.0 72.9 63.2 74.3 86.1 77.7 59.9 55.6 74.4 64.4 73.2 86.8 77.9 62.5 59.0 71.6 59.7 70.9 83.8 75.1 59.5 58.7 73.7 60.5 70.9 84.1 74.7 59.1 55.7 70.2 60.2 68.3 82.2 72.4 55.7 53.1 71.7 61.9 70.1 82.7 72.3 56.8 54.1 68.3 57.4 66.2 78.9 71.6 55.7 52.1 .605 27.10 .601 .607 .599 26.36 .611 .608 .615 23.62 .614 .616 .631 22.98 .607 .32 .32 .32 .33 .32 .32 .32 .32 .36 .19 .36 .44 .34 .47 .20 .28 .25 .36 .19 .35 .44 .34 .47 .20 .31 .25 .35 .19 .34 .44 .34 .46 .18 .31 .26 .36 .19 .34 .43 .33 .47 .18 .31 .26 .36 .19 .34 .44 .34 .47 .19 .34 .26 .38 104.5 .38 94.0 .38 94.0 .38 94.0 .38 94.0 .37 .19 .35 .44 .34 .48 .19 .32 .27 .38 94.0 .32 67.2 59.1 67.4 82.0 72.6 57.6 53.9 .32 .32 .40 .19 .36 .43 .34 .50 .21 .34 .27 .41 .20 .36 .43 .32 .49 .22 .34 .27 .38 94.0 .39 .20 .35 .44 .33 .51 .21 .35 .28 .38 94.0 .38 94.0 .38 94.0 710 707 704 671 697 4 2 307 280 164 41 30 45 43 261 153 108 85 404 206 199 86 72 .37 .20 .34 .44 .34 .48 .20 .32 .26 .37 .20 .35 .44 .33 .48 .21 .34 .27 .38 .20 .36 .43 .35 .50 .22 .34 .27 .38 94.0 .38 94.0 720 .33 FINANCE BANKING Acceptances and commercial paper outstanding: 787 Bankers' acceptances, total.—mills, of dolls._ Held by Federal Reserve banks: For own account. ...mills, of dolls__ For foreign correspondents 183 mills, of dolls.. Held by group of accepting banks, total 510 mills, of dolls „ 225 Own bills mills, of dolls.. 286 Purchased bills__ mills, of dolls.. 90 Held by others ..mills, of dolls.. Commercial paper outstanding 111 mills, of dolls.. Agricultural loans outstanding: 116 83 Credit banks, intermediate—mills, of dolls.. 1,143 1,103 Land banks, Federal mills, of dolls.. 490 386 Land banks, joint-stock mills, of dolls.. Bank debits, total mills, of dolls— 25, 486 25,411 12,913 New York City mills, of dolls.. 13,977 Outside New York City mills, of dolls.. 11, 509 12,498 Brokers' loans: Reported by New York Stock Exchange 529 mills, of dolls.. 1.63 1.86 Ratio to market value.percent— By reporting New York member banks 635 409 mills, of dolls. . Federal Reserve banks: Acceptance holdings. (See Acceptances.) 5,566 6,466 Assets, total mills, of dollsReserve bank credit outstanding 2,096 mills, of dolls.. 2,218 36 20 Bills bought.. mills, of dolls490 302 Bills discounted... mills, of dolls.. 1,549 1,890 United States securities..mills, of dolls.. 2,987 Reserves, total mills, of dolls— 3,807 2,790 Gold reserves.. mills, of dolls.. 3,520 5,566 Liabilities, total mills, of dolls.. 6,466 2,240 2,394 Deposits, total mills, of dolls.. 2,167 2,113 Member bank reserves...mills, of dolls.. 2,572 Notes in circulation mills, of dolls.. 3,203 62.1 68.0 Reserve ratio percentFederal Reserve member banks: Deposits: Net demand mills, of dolls— b 11, 740 11,102 5,664 Time mills, of dolls.. * 5, 286 7,385 Investments.. mills, of dolls.. * 8,632 Loans, total mills, of dolls— » 9, 753 11,631 4,907 On securities mills, of dolls.. & 4,172 6,724 All other loans. mills, of dolls.. *> 5, 549 Interest rates and yield on securities: Acceptances, bankers' primepercentV2 Bond yields. (See Bonds.) 1.00 2.50 Call loans, renewal percent.. 2-2^ 4-3H Com'l paper, prime (4-6 mos.) percent— 3.00 Discount rate, N.Y.F.R. Bank percent- ' 2 . 50 5.63 5.58 Federal land bank loans percent— 4.79 3.10 Intermediate credit bank loans percent— Real estate bonds, long term percent.. Stock yields. (See Stocks.) Time loans, 90 days.. percentSavings deposits: New York State mills, of dolls.. 5,113 5,243 # Beginning with March 1932, method of computing rates « Revised. * Estimated for 101 cities on basis of report for 90 cities. 747 705 36 12 681 683 2 59 518 200 318 96 3 39 32 40 574 198 376 55 573 156 414 64 605 199 406 52 655 268 386 28 604 224 380 62 256 370 38 325 201 124 42 103 563 197 366 70 100 108 110 113 110 81 85 84 116 1,139 470 27,103 14,202 12,901 117 1,135 464 25, 239 12,728 12,511 117 1,132 460 25,215 13,458 11,756 102 1,129 454 25,931 14,163 11,767 1,125 420 25, 298 12,944 12,354 95 1,121 415 20,750 9,815 10,935 92 1,116 409 26,787 13,967 12,820 1,112 404 24,466 12,413 12,053 87 1,110 399 22,437 12,036 10,401 1,107 395 '22,062 •12,454 390 » 22, 624 244 1.56 242 1.18 332 1.19 380 1.42 325 1.39 338 1.52 347 1.52 359 1.56 «360 1.83 311 1.56 322 1.20 342 332 345 425 362 353 394 454 418 5,615 5,764 5,815 5,848 5,905 2,310 67 440 1,784 2,777 2,578 5,615 2,028 1,982 2,795 57.6 2,439 43 2,233 33 332 1,854 3,091 2,893 5,848 2,312 2,225 2,750 61.1 2,227 34 328 1,851 3,195 3,003 5,905 2,446 2,383 2,709 62.0 2,202 35 309 1,851 3,242 3,049 5,986 2,484 2,411 2,692 62.6 2,145 33 235 1,855 3,331 3,151 6,115 2,561 2,859 56.5 2,331 34 433 1,852 2,980 2,773 5,815 2,241 2,146 2,814 58.9 10,925 5,542 7,491 11,263 4,745 6,518 10, 751 5,612 7,700 10,996 4,631 6,365 10,982 5,633 7,743 10, 796 4,512 6,284 11, 229 5,640 8,201 10,706 4,521 6,185 11,461 5,709 8,585 10,441 4,311 6,130 11,745 5,668 2.08 H~2% 2.50 5.59 3.58 2.00 2.00 2-2J4 2.50 5.58 3.39 5.25 538 1,841 2,836 2,635 5,764 2,158 2,052 MrH H 2.50 «2.50 5.63 4.10 5.50 2.50 5.58 3.44 1.35 1H-2K 2.50 5.58 3.38 H-1H 6,115 10,413 4,288 6,125 H 12, 012 » 10, 612 512 6,464 6,610 6,606 2,739 62.9 2,077 31 274 1,763 3,457 3,256 6,033 2,554 2,446 2,725 65.5 2,794 336 582 1,866 3,126 2,952 6,464 2,236 2,141 3,417 55.3 2,572 305 426 1,838 3,455 3,250 6,610 2,133 1,949 3,696 59.3 2,459 171 435 1,837 3,633 3,416 6,606 2,380 2,132 3,428 62.6 11,758 5,656 8,507 10,297 4,315 5,982 11,899 5,648 8,559 10,166 4,259 5,907 10,593 5,288 8,196 9,627 4,234 5,393 H-H H-M 2,509 H 1.00 1U-1U 2.50 5.58 3.35 5.50 64 °85 1,105 1.00 2.50 5.58 3.25 6.00 1.00 1M-1H 2.50 5.58 3.17 1.00 1H-1H 2.50 5.58 3.10 5.50 > 11,127 * 5, 346 * 8,570 »9,660 & 4,155 6 5,472 3.32 "3.50 5.58 3.10 1.37 2-3M «3.00 5.58 3.10 H 5,282 5,243 5,265 5,314 5,253 5,271 5,317 5,220 5,269 5,282 * New series. For earlier data see p. 18 of the December 1932 issue. was changed. « Rate changed June 23, 1932, Mar. 3, Apr. 7 and May 26, 1933. • Figures incomplete due to bank holiday. 5,164 31 SUEVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, to- 1933 gether with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey May 1933 1932 May June July Decem- January FebruAugust SeptemOctober November ary ber ber March April FINANCE—Continued BANKING—Continued Savings deposits—Continued U.S. Postal Savings: Balance to credit of depositors thous. of dolls.. 1,178,342 742,645 Balance on deposit in banks thous. of dolls.. 784,821 828,549 847,421 681,727 740,373 82 34, 370 151 132,661 2,788 129 672 14 51 25 83 64 44 15 145 231 1,987 27 114 434 511 134 386 381 83, 764 18,100 30,078 2,688 164 614 11 54 22 84 70 33 26 113 201 1,910 15 154 363 505 104 399 370 76,931 14, 462 25, 637 132 48,743 2,596 184 622 16 58 17 80 68 38 19 100 226 1,790 31 120 386 440 119 323 371 87,190 15,042 37, 229 477 646 315 483 1,337 9,958 4, 549 1,546 252 4,096 7,2i7 35, 585 445 858,720 870,823 884,297 900,796 942, 519 1,006,185 1,112,71 1,157,652 935, 987 972,457 1,948 150 462 9 47 18 45 51 27 22 64 179 1,336 11 86 230 351 1,921 147 422 763, 262 771, 219 783,921 779,971 792,725 43, 319 161 70,914 241 135,020 148 72,870 2,919 172 565 17 60 18 62 68 40 22 75 203 2,182 29 160 507 495 169 412 410 79,101 11,433 30,747 2,378 157 500 15 43 17 55 59 27 22 43 219 1,721 9 121 361 450 107 355 318 65, 576 9,157 24, 363 294 48, 500 7,713 17, 583 797,169 '852,986 FAILURES Bank suspensions: Total ..numberDeposit liabilities thous. of dolls. Commercial failures: Total _ _ .numberAgents and brokers numberManufacturers, total numberChemicals, drugs, and paints, .number. Foodstuffs and tobacco _ .numberLeather and manufactures number. Lumber number. Metals and machinery number. Printing and engraving number. Stone, clay, and glass numberTextiles number. Miscellaneous.. numberTraders, total numberBooks and paper. number_ Chemicals, drugs, and paints, .number_ Clothing number. Food and tobacco numberGeneral stores number. H qusehold furnishings number. Miscellaneous numberLiabilities, 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 dolls. . Lumber 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.. 1,909 161 466 1,282 47, 972 8,074 19,021 20, 877 85 29,513 67 13,508 102 20,092 2,796 177 649 19 55 28 74 68 42 17 117 229 1,970 29 133 404 573 107 340 384 77,031 12, 666 27,462 2,182 141 513 15 55 20 55 58 27 19 75 189 1,528 24 131 317 387 76 266 327 56,128 7,345 22, 310 2,273 150 542 14 52 19 70 56 31 29 74 197 1,581 22 121 278 479 98 256 327 52,870 7,857 18, 897 2,073 132 480 16 48 15 60 44 27 27 67 177 1,461 20 108 233 428 93 250 329 53, 621 23,918 2,469 169 614 14 67 17 78 63 33 18 92 232 1,686 17 151 334 461 123 250 350 64,189 9,721 24, 577 2,977 354 1,444 474 409 613 770 456 484 1,061 287 797 5,599 1,170 739 1,233 491 5,494 2,703 1,059 700 4,641 9,751 36, 835 228 755 5,930 8,115 1,270 688 5,775 11,331 34, 920 558 2,222 3,701 5,068 699 1,230 4, 614 8,130 36, 905 433 529 6,660 4,302 1,248 444 1,342 6,381 26, 471 314 945 3,752 2,820 1,126 1,376 1,680 6,176 26,117 265 242 4,277 2,161 626 2,274 1,906 11, 206 23,095 347 3,814 2,527 1,354 1,454 3,142 10,172 29,890 272 2,310 4,255 3,326 923 1,007 4,385 13,457 36,921 334 345 3,342 2,464 374 1,482 1,120 8,467 32,056 72 322 2,539 2,766 461 671 1,463 7, 389 23, 204 90 1,342 7,732 8,856 2,198 7,729 7,283 1,756 5,869 7,892 1,649 10, 348 9,093 1,373 6,490 8,287 1,853 6,843 9,516 1,740 6, 590 9,329 1,712 7,134 9,967 1,286 5,205 4,639 819 6,089 8,119 1,851 3,360 5,783 956 5,678 8,224 1,409 2,843 4,217 840 5,397 8,042 1,514 4,312 9,101 2,058 4,692 7,941 1,806 6,224 5,805 3,600 9,249 9,093 1,376 5,051 7,987 3,040 7,324 7,206 1,277 3,576 4,619 1,608 6,378 5,656 16, 592 6,332 1,468 4,864 16, 600 6,306 1,458 4,848 16, 639 6, 281 1,450 4,831 16, 675 6, 256 1,443 4,813 16,733 6,228 1, 434 4,794 16,790 6,197 1,424 4,773 16, 830 6,168 1, 415 4,753 16,917 6,136 1,402 4,734 16,966 6,110 1,394 4,716 16, 984 6,077 1,382 4,695 16, 981 6,033 1,368 4,665 17, 020 6,002 1,357 4,645 6,161 1,313 1,673 2,665 510 6,159 1,318 1,670 2,660 511 6,162 1,327 1,670 2,657 508 6,179 1,344 1,669 2, 655 511 6,190 1,353 1,669 2,653 515 6,206 1,366 1,671 2,649 520 6,224 1,378 1,674 2,649 523 6,231 1,400 1,670 2,639 522 6,238 1,406 1, 671 2,638 523 6,259 1,427 1,672 2,637 523 6,266 1,447 1,670 2,631 518 6,275 1,465 1,666 2,627 517 2,818 2,862 2,878 1,089 23 833 233 759,353 49,113 222,956 487,284 244,936 12, 354 7,205 57,954 167, 423 1,101 26 830 245 768,233 50, 606 213 298 504,' 329 241,955 10, 992 7,683 55,020 168, 260 531 230 52 59 190 536 232 53 56 195 137 1,352 51,098 6,407 18,737 25,954 LIFE INSURANCE (Association of Life Insurance Presidents) Assets, admitted, total f mills, of dolls. Mortgage loans mills, of dolls.. Farm mills, of dolls.. Other mills, of dolls.Bonds and stocks held (book value) mills, of dolls.Government ..mills, of dolls.. Public utility mills, of dolls.. Railroad mills, of dolls.. Other mills, of dolls.. Policy loans and premium notes mills, of dolls. . Insurance written: t Policies and certificates thousands.. 1, 034 14 Group thousands.. Industrial thousands.. 762 Ordinary thousands.. 258 Value, total... .thous. of dolls.. 645,320 Group ...thous. of dolls.- 22,450 Industrial thous. of dolls.. 190,138 Ordinary thous. of dolls.. 432, 732 Premium collections t thous. of dolls.. Annuities thous. of dolls.. Group ,-thous. of dolls.. Industrial thous. of dolls.. Ordinary thous. of dolls.- 2,910 2,925 2,936 2,941 2,948 2,967 2,997 2,975 2,987 1,091 1,026 18 17 845 774 228 236 691,364 668, 779 28, 979 206, 641 196, 340 447, 739 443, 460 237,885 234,163 15, 968 11,961 7,980 7,506 57,066 58,635 157, 345 155, 587 951 41 681 229 639,937 61, 018 174,156 404, 763 209, 891 10, 221 6,798 53, 379 139, 493 1,059 29 781 248 670,039 38,868 198,053 433,118 236, 284 17,037 7,285 58,052 153, 910 1,028 23 747 258 671, 242 36, 262 184,882 450, 098 223,842 12, 282 7,063 51, 048 153,449 990 43 923 741,920 67,810 154,864 519, 246 335, 642 28, 752 8,644 116,838 181, 408 227 614, 431 22, 546 168,312 423, 573 242, 251 17,612 9,235 59, 243 156,161 934 14 681 239 609, 725 16,842 168,400 424, 483 229, 590 17, 283 7,571 51,997 152, 739 1,047 12 776 259 640,414 17, 345 187, 761 435, 308 229,160 14, 545 8,718 50,448 155, 449 996 14 747 235 628, 778 21,711 183,462 423,605 227,102 13,906 6,878 48, 519 157, 799 488 213 47 51 177 438 187 42 48 161 157 479 200 49 51 179 499 221 47 53 179 538 233 51 58 196 146 481 217 44 48 172 474 211 46 51 166 462 209 45 48 160 132 206 47 53 158 (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 1925-26=100.. a 495 213 49 55 178 211 47 51 177 Revised. t Revised series. For earlier data see pp. 18, 19 and 20 of this issue (insurance written and admitted assets); and p . 18 of the June 1933 issue (premium collections). 32 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May July 1933 1933 1932 May June July Decem- January FebruOctober NovemAugust September ber ber ary March April FINANCE—Continued MONETARY STATISTICS Foreign exchange rates: Argentina .dolls, per gold peso.. Belgium dolls, per belga.. Brazil dolls, per milreis.. Canada .dolls, per Canadian doll.. Chile dolls, per peso.. England dolls, per £.. France... dolls, per franc. Germany dolls, per reichsmark__ India dolls, per rupee.Italy dolls, per lira.. Japan dolls, per yen.. Netherlands.. dolls, per florinSpain dolls, per peseta.. Sweden dolls, per krona.. Uruguay dolls, per peso.. Gold and money: Gold: Monetary stocks, U.S mills, of dolls.. Movement, foreign: Net release from earmark_thous. of dolls.. Exports thous. of dolls.. Imports thous. of dolls.. Net gold imports, including gold released from earmark#* thous. of dolls.. Production, Kand__ fine ounces.. Receipts at mint, domestic fine ounces.. Money in circulation, total...mills, of dolls.. Silver: Exports thous. of dolls.. Imports thous. of dolls.. Price at New York dolls, per fine oz_. Production, estimated, world (85 percent of total) thous. of fine oz.. Canada ..thous. of fine oz_. Mexico _._thous. of fine oz_. United States thous. of fine oz.. Stocks, end of month: United States thous. of fine oz_. Canada thous. of fine oz._ NET CORPORATION PROFITS (Quarterly) Profits, total mills, of dolls.. Industrial and mercantile, total ..mills, of dolls.. Autos, parts and accessories-mills, of dolls.. Foods mills, of dolls.. Metals and mining mills, of dolls.. Machinery mills, of dolls. _ Oil.. mills, of dolls.. Steel and railroad equipment mills, of dolls.. Miscellaneous mills, of dolls._ Public utilities.-. ..mills, of dolls._ Railroads, class I mills, of dolls._ Telephones .mills, of dolls.. PUBLIC FINANCE (FEDERAL) Debt, gross, end of month mills, of dolls.. Expenditures, chargeable to ordinary receipts thous. of dolls.. Receipts, ordinary, total thous. of dolls. _ Customs thous. of dolls.. Internal revenue, total thous. of dolls.. Income tax thous. of dolls.. CAPITAL ISSUES Total, all issues (Commercial and Chronicle) thous. Domestic, total thous. Foreign, total thous. Corporate, total thous. Industrial._ thous. Investment trusts thous. Land, buildings, etc thous. Long-term issues thous. Apartments and hotels.thous. Office and commercial.thous. Public utilities thous. Railroads thous. Miscellaneous thous. Farm loan bank issues thous. Municipal, States, etc ._thous. Purpose of issue: New capital, total thous. Domestic, t o t a l . . ...thous. Corporate thous. Farm loan bank issues.thous. Municipal, State, etc.-thous. Foreign thous. Refunding, total thous. Corporate thous. T y p e of security, all issues: Bonds and notes, total thous. Corporate thous. Stocks thous. State and municipals (Bond Buyer): Permanent (long term) thous. Temporary (short term) thous. 0.679 .163 .076 .876 .063 3.93 .046 .274 .296 .061 .240 .470 .100 .202 .532 0.583 .140 .071 .884 .060 3.68 .040 .238 .273 .052 .320 .406 .081 .187 .475 0.585 .139 .075 .867 .060 3.65 .039 .237 .272 .051 .303 .404 .083 .187 .472 0.586 .139 .076 .871 .060 3.55 .039 .237 .267 .051 .275 .403 .081 .182 .476 0.586 .139 .076 .876 .060 3.48 .039 .238 .262 .051 .245 .402 .081 .179 .474 4,313 4,273 3,955 3,942 4,030 0.586 .139 .076 .903 .060 3.47 .039 .238 .262 .051 .236 .402 .081 .178 .474 0.586 .139 .076 .912 .060 3.40 .039 .238 .257 .051 .231 .402 .082 .175 .474 4,140 4,226 72, 289 60 27,957 45, 774 61 20, 674 4,292 4,429 0.586 .139 .076 .875 .060 3.36 .039 .238 .254 .051 .207 .402 .082 .183 .473 0.586 .140 .076 .835 .060 3.42 .039 .238 .258 .051 .208 .403 .082 .183 .473 0.583 .140 .076 .835 .060 3.43 .039 .239 .258 .051 .213 .404 .084 .182 .474 4,547 4,491 0.605 .145 .076 .847 .060 3.58 .041 .244 .269 .054 .221 .420 .089 .188 .478 4,260 4,301 -91,494 *-178,285 -100,092 14 21,521 28,123 128, 465 ° 30, 397 « 14,948 33, 701 16,741 6,769 975 -217, 664 -234,844 52,800 106,614 100,186 66, 387 70,306 '171,872 944,000 965, 644 959,011 980,160 991,000 961, 501 974,965 978,000 980, 000 114,017 100, 763 104, 770 123,416 143, 088 145,828 171, 220 163, 545 141, 598 5,685 5,530 5, 752 5,720 5,643 5,456 5,643 5,699 5,876 " 36, 957 '-169,409 -113,287 967,000 883,000 946,000 115,188 89,016 187, 694 5,892 5,631 187, 694 23, 729 895, 000 120,461 6,137 235 5,275 .341 1,865 1,547 .278 1,268 1,401 .275 .267 433 1,554 .280 2,052 .279 1,316 1,305 .272 875 1,494 .267 1,260 1,203 .250 1, 551 1,763 .254 10, 042 1,014 5,500 1,900 11,311 1,227 6,483 1,884 9,614 933 4,714 2,307 11,927 1,954 6,611 1,824 10,924 1,491 5,907 2,170 11,360 1,500 6,594 1,778 11,334 1,853 6,067 1, 918 10,493 1,092 5,902 2,052 1, 005 4,221 1,627 10, 397 1,707 6,446 1,983 5,821 1,626 4,622 1,645 4,923 1,642 5,012 1,916 6,035 1, 701 5,801 1,785 5,931 1,651 21, 853 19, 037 1,520 .307 11,674 1,007 7,159 1,960 9,658 1,019 5, 547 1,603 11, 656 1,309 6,436 2,574 9,00 1,015 4,628 1,907 5,444 1,559 5,432 1,640 7,060 1,859 8,261 1,831 183.3 209.5 123.8 d37.9 d30.9 18.9 <*18.6 d 1.2 10.6 <f 21.1 d20.4 18.1 d2.5 dl.4 7.5 d3.9 dO. 2 17.8 a 1.6 '1.6 d 15.0 d32.1 1.7 66.0 45.2 59.1 d32.8 10.4 63.0 89.6 51.8 dSO.l 14.4 62.0 130.8 54.6 <*30.7 17.1 67.6 33.9 41.4 19, 487 19, 612 20,067 20, 611 20,813 105, 336 61, 645 105, 336 59, 645 62,842 26, 281 16,000 0 26, 494 33, 364 0 2,000 50, 221 107, 838 49,029 107,114 20,806 20,935 21,362 21,441 282,368 283, 286 17, 444 242,464 176, 259 352,464 130, 552 17,400 89,062 19,500 43,802 43,802 3, 584 0 40, 218 0 15, 841 12,050 83, 420 83, 420 4,110 0 79,311 0 64,262 25, 231 20, 806 265,725 373, 209 246,159 762, 406 247, 785 213,091 259,958 148,004 124,507 351,695 134,044 121,312 25, 935 24, 744 34,051 19, 929 18,352 16,442 216,481 89,850 85,484 210,995 86,805 90, 715 142, 203 13,063 14,328 141,033 17,889 27,713 of of of of of of of of 89,971 100,020 69,971 96, 005 6,550 48,474 4,000 9,100 59,421 38, 431 20,000 4,015 48,636 24, 042 4,332 19, 015 56, 559 123, 645 147,683 154, 557 164, 683 138,257 120, 770 12, 550 22, 231 29, 340 110, 871 131, 595 10, 532 64,198 3,084 0 0 1,000 350 1,800 3,291 of dolls. . 48, 375 of dolls.. 104,161 269 o 1,693 2.79 dO. 3 dl.4 24.0 dl. 270,053 447, 619 443, 210 347,889 257, 084 167,152 91, 635 244, 089 100, 652 111,133 20, 515 18,004 17, 373 18,876 24,116 114,754 60,013 206,994 61,686 79,940 15,688 22,324 160,502 17,457 15,083 91,993 91,993 7,231 0 84, 762 0 31, 652 15, 000 194 °855 .261 170.0 59, 643 123, 645 147, 683 155, 557 169,482 138, 607 124,062 59, 643 123, 645 147, 683 155, 557 167,482 78, 607 120,047 0 0 0 4,015 0 2,000 60, 000 15, 634 22, 231 29, 340 111,871 133, 395 10,882 67,489 9,043 0 0 6,966 0 1,000 600 0 0 0 0 0 0 0 0 0 0 700 0 125 0 0 0 0 700 80 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6, 591 22,031 9,732 60, 523 19,888 110, 529 99,999 0 0 0 26, 450 0 9,327 0 0 200 342 450 0 6,346 0 0 15,000 30,000 16, 000 4,000 0 9,100 44,009 86,414 88, 343 27,687 34, 088 63, 725 43, 458 of dolls.. of dolls.. of dolls.. 0.586 .139 .076 .866 .060 3.28 .039 .238 .248 .051 .207 .402 .082 .179 .473 48, 566 A 7 1 , 023 16 13 21, 756 100,872 22,114 -22,150 -28, 797 56, 237 100, 501 18,067 22,924 212, 229 226,117 23,474 1,785 16,715 20, 070 20,037 24,170 Financial of dolls.. of dolls.. of dolls. _ of dolls.. of dolls.. of dolls._ of dolls.. of dolls.. of dolls.. of dolls.. of dolls. . of dolls.. of dolls.. of dolls.. of dolls.. dolls. _ dolls.. dolls. _ dolls._ dolls.. dolls.. dolls. _ dolls.. 0.586 .139 .076 .873 .060 3.28 .039 .238 .248 .051 .206 .402 .082 .174 .473 20,802 76,400 157,920 109,963 76,400 157,920 109,963 0 0 0 41, 591 28,844 64,517 763 8,766 7,592 1,200 0 0 220 600 0 220 200 0 0 0 0 0 0 0 37, 608 3,124 44,925 1,800 15, 000 12, 000 0 1,355 0 5,000 13, 000 9,500 29,809 116, 076 35,946 56,513 56,513 0 37,555 0 0 900 900 0 0 414 36, 241 0 1,400 17, 558 19,094 19.094 0 5,418 3,270 0 0 0 0 0 2,148 0 0 0 13,677 45,388 43,788 1,600 35, 541 2,660 0 0 0 0 0 28,104 4,778 0 0 9,847 44,801 122,713 44, 801 122,713 10, 633 10, 399 5,000 13,000 29,168 99,315 0 0 31, 599 35, 207 30,958 18, 446 64,610 64, 610 22,157 9,500 32,953 0 45, 353 42, 360 19,636 19, 636 1,314 1,400 16,922 0 36,877 36,241 16, 265 16, 265 3,170 0 13.095 0 2,829 2,248 24,928 24,928 17,335 0 7,593 0 20,460 18, 207 153, 209 106, 713 24,133 61, 267 4,711 3,250 56, 513 37, 555 0 13, 677 5,418 5,418 44,453 34, 607 935 74,487 39, 678 1,913 85, 396 85, 588 30, 362 47, 568 82, 737 67,178 47, 726 165,167 85, 930 64,951 « 45, 573 58, 579 45, 386 124, 685 46, 032 74, 368 81, 688 28,928 40, 589 145, 590 105,173 77, 389 « 92, 719 172,948 ° Revised. i Or exports (—). •New series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issue. * Allowance has been made for gold earmarked at Bank of England for the account of the Federal Reserve Bank of New York. » Differs from Federal Reserve Board figure, since $8,900,000 declared for export on Feb. 28 was not actually taken from Federal Reserve Bank of New York until Mar 1 33 SURVEY OF CUEEENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May 1933 May June July 1933 Decem- January FebruAugust SeptemOctober Novemary ber ber ber March April FINANCE—Continued SECURITY MARKETS B o n d s Prices: All listed bonds, avg. price (N.Y.S.E.) dollars.. Domestic issues dollars _ Foreign issues dollars.. Domestic (Bow-Jones) (40) percent of par 4% bond— Industrials (10)—percent of par 4% bond— Public utilities (10) percent of par 4% bond.. Rails, high grade (10) percent of par 4% bond.. Rails, second grade (10) percent of par 4% bond— BomesticKStandard Statistics) (60).dollars.. U.S.Government (Standard Statistics) * dollars __ Foreign (N Y Trust) (40) percent of par 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 t (Standard Statistics) (60).percentIndustrials (15) __ percent— Municipals (15) t --.percent.. Public utilities (15) ..percentRailroads (15) percentDomestic, municipals (Bond Buyer) (20) percentDomestic, U.S. Government: Treasury bonds (3 long term) percent— Treasury notes and certificates (3-6 months) percent __ Cash Dividend and Interest Payments and Rates Total (Journal of Commerce)...thous. of dolls.. Dividend payments _ _ thous. of dolls.. Industrial and miscellaneous thous. of dolls.. Railroads, steam thous. of dolls.. Railways, street - _ thous. of dolls . Interest payments thous. of dolls Dividend payments (N. Y. Times) thous. of dolls.. Industrial and miscellaneous.thous. of dolls.. Railroad thous of dolls Dividend payments and rates (Moody's): Dividend payments, annual payments at current rate (600 companies).mills, of dolls. Number of shares, adjusted millions.. Dividend rate per share, weighted average (600) _ dollars Banks (21) dollarsIndustrials (492) _ . dollars Insurance (21) dollars. _ Public utilities (30) dollars— Railroads (36).. dollars Prices: Stocks Dow-Jones: Industrials (30) dolls, per share Public utilities (20) dolls, per shareRailroads (20) dolls, per shareNew York Times (50) dolls, per share.. Industrials (25) dolls, per share._ Railroads (25) dolls, per share.. Standard Statistics (421) . 1926=100.. Industrials (351) 1926=100 Public utilities (37) 1926=100 Railroads (33) 1926=100 Standard Statistics: Banks, N.Y. (20).— -1926=100.. Fire insurance (20) 1926=100.. Sales, N.Y.S.E thous. of shares Value, and shares listed, N.Y.S.E.: Market value all listed shares-mills, of dolls.. Number of shares listed .millions. Yields: Common, Standard Statistics (90) „percent.. Industrials (50) percent.. Public utilities (20)— percentRailroads (20) percent— Preferred, Standard Statistics: Industrials, high grade (20) percent— Stockholders (Common Stock) American Tel. & Tel. Co., total number Foreign number Pennsylvania Railroad Co., total, number Foreign _ number U.S. Steel Corporation, total number Foreign number Shares held by brokers percent of total— »Revised 80.79 84.73 65.31 70.62 73.57 65.40 71.71 75.66 64.78 74.27 79.25 65.52 77.27 83.70 65.89 77.50 83.93 66.10 76.37 82.04 66.30 73.91 81.36 60.72 77.27 81.65 60.22 78.83 83.32 61.34 74.89 79.09 58.45 74.51 78.58 58.59 76.57 80.07 62.86 50.64 51.57 43.08 38.14 41.39 35.99 42.98 36.76 53.35 48.08 55.01 52.21 49.86 49.56 47.51 46.98 44.05 44.81 46.94 47.66 45.22 44.35 42.01 39.88 41.35 42.32 69.09 63.88 60.49 64.73 69.96 70.10 70.95 69,49 69.79 73.66 71.53 64.99 64.62 80.35 69.69 68.78 70.97 79.32 82.07 80.76 78.19 77.88 82.49 81.92 77.23 73.62 30.60 82.0 27.30 76.0 26.47 72.8 27.52 75.1 36.67 84.3 36.88 87.0 29.79 85.2 27.98 83.1 24.20 82.2 25.95 84.1 25.17 82.5 23.92 76.7 22.71 75.4 102.91 100.09 41.71 99.99 44.47 101.33 51.72 101.95 55.82 102.47 63.47 102.52 58.00 102.57 53.17 103.19 57.51 103.75 59.83 103.36 54.19 101.09 53.55 102.00 55. 52 350, 626 258,441 38,367 86,816 257,180 67,049 240,720 46,432 333,076 25,769 250, 265 178, 562 158,905 241,850 24,351 20,250 15, 782 37,424 260,021 38,362 230,082 45,387 193,181 55,176 269, 585 61,000 52,086 33,219 18,868 37, 353 25,132 12, 222 51,991 33,152 18,839 38,615 26,272 12, 343 51,863 33,140 18, 724 40,073 27, 736 12,336 51,780 33,114 18,667 40,132 27, 793 12,339 51,744 33,102 18, 642 39, 518 27,158 12, 360 51,543 32,942 18,600 38,095 26,801 11,294 41,305 32, 866 8,438 31,918 26,836 5,082 41,173 32, 770 8,403 32,457 27,302 5,154 41,107 32,738 8,369 30,785 25,893 4,892 41,006 32, 666 8,340 30, 554 25, 668 4,887 40,948 32, 624 8,324 31,354 26,121 5,233 6.64 9.17 4.81 5.77 6.83 6.42 8.67 4.78 5.65 6.60 5.57 6.93 4.50 5.22 5.65 5.35 6.61 4.39 5.06 5.36 5.50 6.91 4.37 5.11 5.63 5.68 7.32 4.38 5.14 5.86 5.75 7.38 4.37 5.06 6.19 5.59 7.29 4.23 4.91 5.93 5.73 7.60 4.28 5.11 5.93 6.25 8.14 4.88 5.54 6.45 6.38 8.27 5.05 5.63 6.56 40,844 32, 553 8,291 32,998 27, 583 5,415 5.78 6.94 5.27 5.26 5.63 52 193 33,307 18,886 36,857 24, 504 12, 352 6.34 8.35 4.77 5.65 6.57 5.35 4.94 5.09 4.82 4.55 4.57 4.59 4.65 4.61 4.48 4.92 5.24 5.69 3.48 3.77 3.78 3.65 3.57 3.54 3.54 3.55 3.48 3.39 3.47 3.58 3.55 .29 .31 .34 .22 .14 .03 .04 .07 .01 1.34 .45 392,490 437,440 621,654 438,032 546,439 863,492 143,900 125,000 167, 300 130, 500 120,200 270,600 387,200 145,400 430,351 140,000 561, 279 136,850 102,800 225,000 118, 500 117, 500 11,300 8,000 5,900 10, 500 3,300 4,100 4,900 2,000 426, 239 59? 892 241,800 290,351 100,300 11,500 2,600 424, 429 218, 591 271,120 216, 662 122, 561 24S, 113 156,599 133,344 264,189 205,769 164, 840 222, 244 162,468 199,362 257, 574 187,801 113,820 226,892 154, 009 126,878 243, 592 190, 508 140,343 206,328 158,000 4,468 19, 229 13 546 28,861 8, 741 19, 220 2, 590 6,466 20, 597 15, 261 24,497 15,916 130,607 124,823 5,784 1,163. 6 1,148. 9 1,146. 7 1,126.8 1,119. 7 1,112.9 1,070. 3 1, 024.9 928. 42 928.67 928.12 925. 58 925. 25 924. 21 924. 39 922. 56 1,006. 2 923.32 1.09 4.32 428,449 ^473,900 153,884 «204,900 655,011 814,400 244, 700 255,400 146,000 -168,500 180,000 1,425 «17,200 9,900 2,674 «5,800 5,300 274, 565 269,000 440,311 976.0 923.36 1.06 4.32 1, 367.1 1, 245.9 924. 68 927.05 185, 500 105,900 103,000 140,900 12,000 9,000 7,300 10,400 4,900 3, 500 3,200 4.000 557,000 248, 590 312, 440 454,354 1,216.5 927.11 104,000 7,500 2,500 307,532 1 20 4.78 1.16 4.78 1.11 4.36 .88 .82 .78 1 89 2.34 1 21 4.79 .89 1.89 2.31 1.89 2.31 1 78 2.31 1.76 2.25 1.66 2.19 .81 .81 .86 .86 .86 .86 1.48 5.43 1.09 2 77 2.68 1.37 1.34 4.79 1.01 2.31 2.42 1.12 1.31 4.78 1.25 4.78 1 24 4.78 1.24 4.78 1.22 4.79 .99 1.95 2.35 1.12 .94 1.87 2.35 .93 1.89 2.30 .92 1.89 2.30 .90 .81 .81 .81 81 6 27! 7 37.6 74.59 118 40 30.79 62.9 65.3 79. 2 37! 5 53.3 22.4 18.3 46.06 77.96 14.16 39.8 38.1 67.8 17.4 46.9 18.0 15.7 40.02 67.65 12.39 34.0 33.5 55.0 14.1 46 2 18.6 16.1 40.18 66.87 13.50 35.9 35.8 55.4 15. 6 67.5 29.1 29.4 61.70 98.07 25. 33 53.3 51.5 84.2 29.2 72.6 35.3 32.3 65.35 101. 58 22.13 58.2 55.8 91.4 34.5 83.5 28.2 28.3 56.17 90.07 22.29 49.9 47.7 80.6 27.5 62.1 27.6 27.4 57.63 92.71 22.56 47.5 45.4 77.6 25. 5 59 1 27.1 26.2 55. 05 89.54 20. 58 47.4 44.8 79.6 25.7 62.7 28.0 28.1 58.65 94.81 22.50 49.1 46.2 81.8 27.6 56.1 23.9 26.9 52.99 84.55 21.43 44.9 42.5 73.1 26. 7 57 6 21.8 27.4 53.17 85.07 21.27 43.2 41.6 67.0 25.6 65 0 21.6 27.4 60.09 97.20 22.97 47.5 48.8 63.5 26.3 53.1 50.4 104, 229 46.6 28.3 23,151 39.4 25.4 22,998 43.2 26.9 23, 056 64.8 43.4 82, 649 73.5 47.3 67,424 66.3 43.1 29,188 63.3 41.7 23, 038 65.8 41.4 23, 208 67.9 44.0 18,720 63.5 42.5 19,320 49.2 38.1 20,089 47.2 37.8 52,901 32,473 1,294 16,141 1,320 15, 633 1, 315 20,495 1,315 27, 783 1,312 20, 735 1,311 23,441 1,312 22, 259 1,312 22, 768 1,312 23, 073 1,303 19, 701 1,296 19,915 1,293 26, 815 1,294 3.99 3.67 5.18 3.59 9.57 10.02 8.08 11.86 10.30 10.15 10.21 12. 45 8.85 8.80 8.75 9.91 5.65 5.75 5.74 4.47 4.91 5.22 5.03 2.51 5.73 6.08 5.64 3.11 5.84 6.12 5.87 3.33 5.68 6.00 5.61 3.28 5.42 5.78 5.28 3.05 6.10 6.36 6.10 4.13 6.30 6.25 6.82 5.22 5.58 5.24 6.83 5.12 6.78 7.75 8.38 8.22 7.11 6.88 7.02 7.19 7.34 7.17 7.32 7.52 7.32 72 1 66 2.19 .86 703, 080 7,147 250, 822 3,305 190, 986 3,081 16.03 t Revised series. For earlier data see p. 19 of the April 1933 issue. 705, 501 7,348 251, 041 3,327 189,981 3,140 14.27 701,037 7,507 250,506 3,323 190, 853 3,155 15.21 700, 212 7, 554 248,688 3,310 193] 140 3 192 16.07 * New series. See p. 20 of the June 1933 issue for earlier data. .77 34 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey May July 1933 1932 May Decem- January FebruAugust SeptemOctober November ary ber ber July June 1933 March April FOREIGN TRADE INDEXES Value: Exports, unadjusted .1923-25=100. Exports, adjusted for seasonal—1923-25=100. Imports, unadjusted 1923-25=100. Imports, adjusted for seasonal- .1923-25= 100. Quantity, exports: Total agricultural products 1910-14=100. Total, excluding cotton 1910-14=100. 30 32 33 «32 35 37 35 34 30 34 34 36 28 32 25 27 29 31 28 29 35 33 31 32 40 33 33 32 37 32 32 32 35 33 30 30 32 31 30 29 27 29 26 26 28 28 29 26 29 27 25 71 47 74 75 61 71 63 59 64 60 90 66 126 98 120 85 116 67 97 73 71 58 67 59 59 51 VALUE f Exports, incl. reexports... thous. of dolls. "114, 243 131,899 114,148 106,830 108, 599 132,037 153,090 138,834 131, 614 120,630 101,530 109,032 •105,219 By grand divisions and countries: 2,412 2,609 3,431 2,509 2,809 3,374 2,335 2,632 3,205 2,864 3,055 3,647 Africa .thous. of dolls. 2,462 17,823 18,810 22,180 25,967 27, 717 25,272 20,171 22, 684 21,191 30,177 Asia and Oceania thous. of dolls. 20, 630 23, 730 20,939 6,406 7,883 6,635 5,707 4,927 7,803 10, 716 13,121 15,606 11,185 7,299 9,634 Japan thous. of dolls. 8,267 52, 223 70,163 51,099 50,321 72,628 84,816 64,421 62, 218 Europe thous. of dolls. 56, 883 62, 226 52, 306 46,015 52,909 8,164 8, 521 8,838 5,705 9,219 10,252 10,184 11,158 10, 241 8,924 7,653 7,955 France thous. of dolls. 8,077 8,977 Germany thous. of dolls. 11,415 9,127 7,499 6,943 8,663 15,791 15, 671 12, 534 10,421 11,739 8,563 7,035 3,101 3,405 2,560 2,617 3,506 4,774 5,835 4,412 5,566 4,443 4,058 3,986 Italy -. thous. of dolls. 4,558 18, 235 United Kingdom thous. of dolls. 18, 787 23,121 18,394 16, 775 18, 638 25,725 32,920 24, 753 21,491 21,309 18,730 17, 645 13,418 19,330 19, 230 19,196 20, 777 18, 824 13,645 12,664 11,703 North America, northern. _thous. of dolls. 16, 730 24,343 20,866 14, 200 13,159 Canada thous. of dolls. 16, 433 23,968 20,451 18,953 18,846 18,731 20, 504 18,326 13,437 12,432 11,501 13, 841 10, 384 9,818 9,536 8,364 8,224 9,695 10,125 10, 412 9,296 8,091 North America, southern, .thous. of dolls. 10, 364 10,301 10, 621 2,852 Mexico ...thous. of dolls. 2,493 2, 758 2,660 2, 521 2,340 2,905 3,208 2,907 2,682 2,173 2,967 3,274 7,784 South America thous. of dolls. 7,175 7,652 7,808 7,553 6,778 7,000 8,462 9,396 10,095 8,125 8,131 7,573 2, 535 Argentina thous. of dolls. 2,710 2,334 2,769 2,253 2,550 3,035 2,635 2,711 2,712 2,785 1,873 2,350 2,320 Brazil thous. of dolls. 1,885 2,641 1,787 1,825 1,984 2,265 3,578 3,397 2,605 2,682 1,912 1,813 Chile thous. of dolls. 207 197 280 260 220 245 234 348 294 291 297 375 373 By economic classes: Exports, domestic thous. of dolls. 111,883 128,553 109,478 104, 276 106,270 129, 538 151,035 136, 402 128,975 118,600 99,438 106,310 103,106 Crude materials thous. of dolls. 34,977 29,849 28, 621 24, 208 27,587 29,742 47,397 60, 517 55,326 52,234 42,294 31,848 29, 359 Raw cotton. mills, of dolls. 16.9 261 17.7 13.4 15.9 18.1 32.1 40.0 38.5 39.0 29.7 20.6 18.1 Foodstuffs, totaL. ___thous. of dolls. 13,044 11,310 19,978 18,042 15,616 17,317 20,381 25,219 19,885 15,961 16,178 12,819 13,397 Foodstuffs, crude thous. of dolls. 8,617 6,896 5, 507 5,964 5,860 8,614 8,610 4,367 4,663 3,244 2,510 3,524 3,024 Foodstuffs, manuf thous. of dolls. 10,020 8,800 11,361 11,146 10,109 11,352 14,521 16,605 11, 275 11,594 11,515 9,575 9,873 Fruits and preparations..mills, of dolls. 2.9 3.8 4.5 3.7 4.3 5.4 9.6 12.2 7.9 4.8 4.6 3.8 3.9 Meats and fats mills, of dolls. 4.5 4.4 4.4 4.0 4.8 5.2 4.1 4.6 5.9 4.5 4.4 4.0 4.9 5.1 3.4 2.7 3.5 2.1 1.2 Wheat and flour ...mills, of dolls. 2.9 2.0 5.5 2.6 1.1 1.3 1.0 Manufactures, semi .thous. of dolls. 17, 644 18,247 14, 692 14,119 12,868 15,869 16,867 14, 589 15, 742 15,831 13, 242 15, 292 16,507 Manufactures, finished thous. of dolls. 46, 218 60,479 47,884 52, 536 46,955 46, 343 45,891 48, 433 46,601 45,038 44,296 41,528 47,047 Autos and parts mills, of dolls. 7.4 7.4 7.9 6.3 6.2 5.1 4.9 5.0 4.4 5.1 6.5 6.3 6.9 7.7 5.6 5.3 5.4 3.8 Gasoline mills, of dolls. 9.9 5.3 5.8 4.6 5.1 6.0 3.7 3.9 Machinery mills, of dolls. 10.3 9.6 9.0 11.6 10.2 9.7 9.2 8.5 9.1 11.3 8.8 9.1 9.4 Imports, total thous. of dolls. «106,903 112,276 110,280 79, 421 91,102 98,411 105,499 104,468 97,087 95,994 83,803 88,412 94,864 By grand divisions and countries: 1,412 2,502 1,654 1,514 Africa thous. of dolls. 1,317 1,250 1,946 2,616 1,990 1,767 1,208 1,631 1,198 28,110 30,348 24, 247 Asia and Oceania thous. of dolls. 31, 751 30, 621 29,450 23,781 25,439 27, 732 30, 628 31,090 27, 069 28, 700 Japan thous. of dolls. 8,813 8,542 8,581 10, 068 12,135 10, 505 11,730 12,322 7,935 5,686 8,462 8,055 7,527 Europe thous. of dolls- 30,805 28,721 25,672 24,421 21, 526 26,335 32,390 36,800 35,422 28,967 28,226 26,794 28,192 2,207 France thous. of dolls. 2,733 2,753 3,185 2,231 3,389 4,023 4,510 4,549 3,824 3,128 2,991 3,000 4,727 Germany ..thous. of dolls. 5,234 4,968 4,464 5,698 6,754 7,152 6,380 4,752 5,212 4,873 5,113 5,612 3,318 Italy ..thous. of dolls. 3,282 3,124 2,391 1,900 2,502 3,131 3,900 3,984 3,618 2,977 2,552 2,693 5,095 United Kingdom thous. of dolls. 6,843 5,178 4,279 5,194 6,421 6,789 6,540 4,852 4,371 5,347 8,010 5,796 11,140 North America, northern..thous. of dolls. 15, 405 18, 219 18, 283 13,090 13,532 13,172 14, 701 13, 789 11,493 11,419 8,567 10,123 11,078 Canada thous. of dolls. 14,800 17,149 17, 485 12, 720 12, 741 12, 507 13,771 13,021 10, 744 8,529 11,006 10,055 North America, southern__thous. of dolls. 12, 697 14,693 14,430 11, 678 9,078 12,870 10, 623 9,624 8,684 9,334 9,079 8,197 11,490 3,586 4,209 3,905 1,748 2,062 2,425 1,942 1,819 2,285 2,575 2,303 2,517 3,046 Mexico thous. of dolls. 12,906 South America thous. of dolls 15, 036 18,254 20,791 10,432 11,610 13,244 14,853 13,723 14,719 13, 563 14,008 14,667 827 1,320 1,576 983 488 598 804 1,011 1,148 1,636 1,018 1,177 1,257 Argentina thous. of dolls. 6,105 6,958 8,704 8,714 4,494 3,184 5,532 6,383 6,617 6,114 5,816 7,244 7,056 Brazil thous. of dolls. 409 438 1,000 619 222 1,680 134 156 260 145 271 230 194 Chile thous. of dolls. By economic classes: 29,619 19,456 22,150 27,268 27,202 27,780 21,129 28,737 27,205 21,134 23, 633 Crude materials thous. of dolls. 24,920 28,387 14, 600 13,885 17,327 19,445 17,643 17,929 19,153 17,864 16, 557 18,411 Foodstuffs, crude thous. of dolls. 19, 721 20,582 20,003 16, 270 11,661 15,340 13,941 14,056 10,519 12,817 12,821 12,097 15,145 Foodstuffs, manufactured—thous. of dolls. 20, 303 16, 579 12,795 18, 337 17,239 18,462 11,894 15,091 14, 619 16,719 16, 747 16,154 16, 615 13,606 14, 751 13,537 Manufactures, semi thous. of dolls. 29,402 21,810 24,635 28,076 28,099 25, 255 23,440 21,889 19,107 22,924 20,914 Manufactures, finished thous. of dolls. 23, 622 29,489 TRANSPORTATION AND COMMUNICATIONS TRANSPORTATION Express Operations Operating revenue thous. of dolls.. Operating income— thous. of dolls.. 8,036 118 7,769 122 7,124 132 6,775 136 7,122 132 7,216 130 7,039 134 7,351 124 6,603 136 8.225 739, 799 52,440 8.225 680, 723 48,625 8.235 621,001 44, 650 8.219 614,081 45,400 8.229 633,118 45,114 8.212 695,712 48,647 8.235 677,163 47,600 8.235 719, 464 50,459 8.192 679,910 47,384 52 51 53 61 Electric Street Railways Fares, average (320 cities) Passengers carried Operating revenues cents.. thousands.. Steam Railroads 39 43 49 64 Freight carloadings (F.R.B.): 24 21 23 31 Index, unadjusted 1923-25=100— 24 21 21 25 Coal 1923-25 = 10058 84 83 82 Coke 1923-25=100.. 45 45 51 64 Forest products 1923-25=100. 68 72 71 68 Grain and products 1923-25 = 100. _ 10 17 18 16 Livestock 1923-25=100.. 56 52 62 53 Merchandise, l.c.l 1923-25 = 100.. Ore 1923-25=100.. 11932 figures include final revisions. For revisions for January through March 1932 see issues of March, April, and May, 1933. Miscellaneous 1923-25 = 100.. 43,656 thous. of dolls.. 51 44 27 24 76 50 65 8 54 35 SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1932 1933 May May- June July 1933 Decem- January FebruAugust SeptemOctober November ber ber ary March April TRANSPORTATION AND COMMUNICATIONS—Continued TRANSPORTATION-Continued Steam Railroads—Continued Freight carloadings—Continued Index, adjusted 1923-25=100. Coal 1923-25=100Coke 1923-25=100. Forest products 1923-25=100. Grain and products.. .__ 1923-25=100. Livestock 1923-25=100. Merchandise, l.c.l 1923-25=100. Ore 1923-25=100. Miscellaneous 1923-25=100. Total cars 1 thousands. Coal thousands. Coke thousands. Forest products thousandsGrain and products _ thousands. Livestock thousandsMerchandise, l.c.l ..thousands. Ore thousandsMiscellaneous thousands. Freight-car surplus, total thousands. Box.__ thousands. Coal thousandsEquipment, mfrs. (See Trans. Equip.) Financial operations (class I roads): Dividends paid. (See Finance.) Operating revenues... -.thous. of dolls. Freight thous. of dolls. Passenger _.thous. of dolls. Operating expenses thous. of dolls. Net operating income thous. of dolls. Operating results (class I roads): Freight carried 1 mile. -..mills, of tons. Receipts per ton mile cents. Passengers carried 1 mile ..millions. Waterway Traffic Canals: Cape Cod... thous. of short tons. New York State thous. of short tons. Panama, total thous. of long tons. U.S. vessels ..thous. of long tons. St. Lawrence thous. of short tons. Sault Ste. Marie thous. of short tons. Suez thous. of metric tons. Welland thous. of short tons. Rivers: Allegheny thous. of short tons. Mississippi (Government barges) thous. of short tons. Monongahela thous. of short tons. Ohio (Pittsburgh to Wheeling) thous. of short tons. Ocean traffic: Clearances, vessels in foreign trade thous. of net tons. Foreign thous. of net tons. United States thous. of net tons. Shipbuilding. (See Trans. Equip.) Travel Airplane travel: Passengers carried* number. Passenger miles flown* thous. of miles. Hotel business: Average sale per occupied room dollarsRooms occupied percent of totalForeign travel: Arrivals, U.S. citizens number. Departures, U.S. citizens numberEmigrants numberImmigrants numberPassports issued numberNational parks: Visitors -.numberAutomobiles numberPullman Co.: Passengers carried thousands. Revenues, total -thous. of dolls. 56 52 33 28 99 54 66 14 57 2,128 318 15 83 148 66 661 31 805 553 281 204 54 48 26 24 76 54 71 4 54 2,088 •299 13 75 117 69 728 10 778 751 381 297 52 45 27 22 66 53 71 6 54 1,966 267 12 67 101 60 682 14 764 773 387 314 51 49 24 21 70 54 69 9 49 2,422 361 13 73 185 72 816 31 872 764 387 304 254, 741 246, 237 194, 272 185,940 31,330 32, 633 207, 393 199,331 11,951 12,653 237,813 179,910 32, 713 191, 752 11, 597 51 51 25 20 68 57 68 10 48 2,065 338 11 62 154 67 676 28 728 708 377 261 54 59 32 24 68 54 69 10 52 2,245 414 14 69 148 81 681 24 813 599 324 210 57 68 39 25 65 52 69 12 56 3,158 676 24 95 174 117 893 32 1,148 545 314 171 57 66 40 24 59 51 68 10 57 2,195 491 19 64 111 76 666 12 756 622 353 198 252,102 272,473 194,987 214,599 31, 385 30, 481 189, 631 189, 377 28,368 49, 647 298,462 244,074 26,179 200,147 63,839 253,575 203,146 24,859 189, 667 34,179 58 69 45 22 59 50 69 20 57 2,487 626 28 66 132 83 777 9 765 647 376 196 56 56 40 22 61 50 69 20 57 1,910 429 21 55 106 69 613 7 610 692 381 233 50 55 35 20 69 45 62 23 47 1,841 366 18 59 104 52 624 8 611 681 362 244 53 53 29 22 99 53 63 17 52 2,505 397 17 86 177 82 803 16 926 619 314 237 246,062 226, 555 211,613 217, 599 188,164 179, 239 168,790 174, 916 30,202 26,654 23, 585 21, 886 188, 205 181,680 170,864 175, 295 9,855 10, 548 32,857 13, 266 224,877 180,212 22,920 173, 296 19, 041 19,870 1.086 1,425 18, 668 1.104 1,462 19,065 1.051 1,613 20, 046 1.065 1,556 22, 706 1.029 1,529 26,344 1.010 1,231 21, 754 1.020 1,156 21,102 .978 1,380 1,109 213 415 1,677 662 «878 1,568 1,891 1,037 201 454 1,405 633 905 1,988 1,816 1,065 214 376 1,260 576 822 2,638 1,906 1,030 214 528 1,349 650 938 3,095 1,893 1,162 215 478 1,347 638 1,061 3,807 1,768 1,292 235 554 1,582 723 1,014 3,924 2,171 1,252 224 588 1,532 682 751 2,877 2,021 1,087 224 0 1,622 587 51 215 2,177 147 168 145 147 109 148 127 170 150 110 119 1,022 112 654 108 571 107 562 100 601 95 697 109 796 113 763 81 799 392 367 430 446 534 494 94 776 434 245 542 1,630 783 835 3,490 576 54 65 45 19 58 49 66 20 51 1,958 492 25 55 101 62 618 7 598 650 368 206 19,986 »19,117 »19, 357 .977 .995 1.009 1,045 1,167 997 200 0 1,464 560 0 0 2,225 0 19,831 158 0 1,435 623 0 0 1,983 0 192 0 1,738 724 0 0 2,468 0 212 183 1,528 302 352 696 2,289 588 81 92 115 72 683 79 702 82 776 465 400 357 456 5,619 3,403 2,217 5,819 3,736 2,083 5, 879 3,807 2,071 6,191 4,053 2,138 5,902 3,747 2,155 5,325 3,305 2,020 5,019 3,084 1,936 4,299 2,701 1,598 4,226 2,633 1,594 4,050 2,460 1,590 4,528 2,861 1, 667 3,326 1,782 1,544 45,105 11, 701 46, 639 12, 514 53, 759 14, 775 57, 995 15,936 52,829 14, 586 38, 548 11,192 30, 671 9,102 22,889 6,913 23,046 7,633 24, 945 8,070 29,499 9,347 3.12 53 19, 233 22,152 8,577 2,479 30, 442 3.11 49 3.09 45 3.24 46 3.16 48 3.12 53 3.13 50 2.98 51 2.80 45 2.85 48 18,690 28, 357 8,391 2, 586 29, 273 28, 006 59, 298 11, 328 2,07P 15,967 54, 070 57,887 8, 783 2,719 10,163 60, 258 38,368 8,856 3,129 8,039 28, 058 28,854 7,788 2,388 6,133 14,879 22,129 8,031 2,006 6,007 2.98 47 13,259 20,461 8,040 1,846 4,838 24, 300 7,854 2.94 54 5,742 4,945 92, 518 137, 236 255,987 21,733 33, 578 123,179 502, 762 133,025 488,562 211, 601 125,973 57, 226 69,454 19,838 36, 290 7,947 27,343 5,662 36,463 6,226 43,379 6,496 40, 969 5,734 66, 313 11, 326 5,129 3,259 1,870 2.71 51 17, 428 9,744 1,270 3,558 1,300 3,757 1,276 3,608 1,323 3,475 1,339 3, 648 1,158 3,127 1,078 2,902 1,248 3,294 1,158 3,208 952 2,784 872 2,643 974 2,880 88,583 60,657 20, 752 60,005 19, 464 16,373 86, 725 59,451 20, 203 58,477 19,057 16,109 82,187 56, 710 18,566 57, 291 15,991 15,815 82, 690 55,911 19,857 56, 976 17,048 15, 592 82, 588 56,119 19,537 55,180 18,743 15,498 83,045 57,094 19,093 55,390 18,966 15,379 80, 679 56,356 17, 575 55,444 17,061 15, 261 81,904 56,500 18, 507 56,175 18,540 15,142 79, 726 56,011 17,016 58, 215 14,024 15,015 76,061 53,962 15, 512 55, 559 13,102 14,902 78, 925 54, 615 18,155 57, 387 14, 254 14, 779 78, 053 54,116 17,442 55, 653 14,897 14, 676 8,914 6,867 8,126 9,116 6,997 8,002 725 7,788 5,844 7,918 "516 8,638 6,545 7,646 602 8,728 6,534 7,521 818 8,229 6,205 7,494 349 7,706 5,697 7,425 8,352 6,334 7,010 888 7,317 5,529 7,117 *194 6,976 5,250 6,605 <*346 8,827 6,841 7,055 1,375 7,992 6,133 6,655 COMMUNICATIONS Telephone (class A companies): Operating revenues thous. of dolls. Station revenues thous. of dolls. Tolls, message thous. of dolls. Operating expenses thous. of dolls. Operating income thous. of dolls. Stations in service, end of mo thousands. Telegraphs and cables: Operating revenues thous. of dolls. Commercial telegraph tolls.thous. of dolls. Operating expenses.. thous. of dolls. Operating income thous. of dolls. <*104 1 Data for July, October, December 1932, and April 1933 are for 5 weeks; other months 4 weeks. * New series. Covers scheduled airlines operating in United States. Earlier data not published. «Revised. «*=deficit. 36 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May July 1933 1933 1933 May June July Decem- January FebruAugust SeptemOctober November ber ary ber March April CHEMICALS AND ALLIED PRODUCTS CHEMICALS Alcohol: Denatured: Consumption (disposed of) thous. of wine gal.. Production thous of wine gal_. Stocks, end of month.. _thous. of wine gal.. Ethyl: Production thous. of proof gal_. Stocks, warehoused, end of month thous. of proof gal.. Withdrawn for denaturing thous. of proof gal.. Methanol, wood distilled: Crude: Production* gallons.. Stocks, total * .gallons.. Refined: Exports gallonsPrice, wholesale, N.Y dolls, per gal.. Production * gallons.. Shipments * .gallonsStocks, end of month * gallons.. Methanol, synthetic: Production.... __ gallons.. Shipments. gallons.. Stocks, end of month gallons.. Explosives: Orders, new thous. of lb.. Production thous. of lb_. Shipments thous. of lb.. Stocks, end of month. thous. of lb_. Sulphur and sulphuric acid: Sulphur, production (quarterly)..long tons.. Sulphuric acid (104 plants): Consumed in prod, of fertilizer.short tons.. Price, wholesale 66°, at works dolls, per short ton.. Production. short tons.. Purchases: From fertilizer mfrs._ short tons.. From others short tons. Shipments: • To fertilizer mfrs short tons.. To others short tons.. 184,921 253,499 5,253 6,203 5,461 4,296 4,868 2,199 3,041 5, 382 4,533 11, 578 10, 577 18,490 19,068 8,244 8,932 9,924 5,328 4,616 2,750 4,519 3,614 1,839 3,900 4,147 2,230 3,654 3,682 2,256 8,679 8.172 5,016 7,000 6,633 4,639 7,041 7,255 4,841 11,908 12,365 13,355 13,140 7,391 5,278 6,014 9,084 8,229 9,012 20,071 18,079 18,780 19,154 18,020 16,140 14,782 15,922 16,639 19,186 13,780 11,906 11,905 8,011 6,722 5,969 6,691 7,013 6,071 6,277 4,917 3,468 3,758 3,909 1,988 243,089 135,837 111,113 98,872 9S, 108 188,405 290. 557 303,026 312,481 256,826 '268,064 »174, 201 541, 533 511,120 558,374 477,538 329,507 253,055 273, 701 228, 867 297,163 281,484 '288,198 * 271,914 59,621 44,378 55,129 .37 .37 .37 95, 365 71,668 97,154 105, 578 76,404 119,571 348,572 298,704 276,287 62,156 112,122 62,613 233,754 147,338 .37 .37 .37 .37 .37 173, 636 165,860 117.236 '124,086 1« 82,846 196, 786 59, 546 90,285 « 93,848 1105, 559 218,175 324,489 351,440 '381, 678 358,965 I 366,015 742,826 712, 537 793,639 792,641 697.890 571,372 531,635 643. 598 352, 748 324, 527 178,232 425,333 761,369 349,034 587,442 294,911 461,299 550,862 958,909 819,251 587,406 512,781 625,484 665,702 576, 646 1,715,547 ,727,442 !,852,057 5,351,265 3,682,607 1,829,635 5,442,098 !, 154,4823,210,674 1,050,641 !,749,684 2,262,214 '2,110,901 14,975 15, 781 15,449 16,033 16,139 16,896 17,057 14,319 14,018 13,790 17,588 47,733 60,123 134, 564 79,714 .37 .37 .37 .37 83,534 150,686 102,448 197,534 117, 248 145,724 92,220 159,491 242,573 247,535 257,763 295,806 14,473 12,563 13,918 16,192 17,607 17,903 18,956 15,187 241,958 15.50 20,867 19,557 20,152 14,548 83,731 .37 140,584 195,065 241,325 22,122 22, 624 23,011 14,213 19, 074 20, 753 20,054 14,912 194,471 17,998 17,930 17,807 15,020 17,129 17,777 17, 520 15,545 15,437 16,008 16,424 14,935 15,435 15,804 14,986 15,307 15,006 16,005 15, 502 15, 711 116,478 188,607 30,266 29,658 32,590 52,272 53, 259 74,813 99,615 102,886 100,446 87, 500 76,573 71, 749 15.50 50,690 15.50 44,930 15.50 45,393 15.50 58,345 15. 50 61,152 15.50 84,471 15.50 115,684 15.50 119,350 15.50 114,618 15.50 99,825 15.50 79,328 15.50 73,900 1,954 11,974 2,315 13,978 7,514 13,677 12,404 6,586 11,846 4,652 16,224 9,158 14,702 13,429 17, 583 13, 794 15,002 10,625 9,987 10,309 8,544 12,222 14,487 16,177 21,009 4,329 17,938 4,478 14,242 5,720 24,380 7,139 23,261 10,920 23,579 10,165 22,805 15,284 24,363 14,641 26,538 14,063 21,675 14,439 19,751 14,065 23, 612 FERTILIZERS Consumption, Southern States 825 235 thous. of short tons. 60 156 14 205 298 40 97 85 Exports, total§ long tons.. 60,349 81,686 52,000 60,359 52,926 64,701 67,268 71,724 71,136 56,163 59,894 85,481 9,485 Nitrogeneous§ long tons.. 5,987 4,105 12,255 7,633 15,234 32,606 20, 679 13,833 18,185 8,829 7,836 Phosphate materials long tons.. 52,479 76,943 36,731 51,721 36,708 30,005 44,204 50,299 52,314 44,128 50,143 73,165 55 104 Prepared fertilizers long tons. 69 114 306 374 65 73 50 172 14 80 Imports, total§ long tons. 101,085 84, 783 58,018 49,985 57,530 88,006 91,619 85, 206 47,956 94,313 90,349 97, 507 59, 561 66,909 38,351 26,637 26,208 44,817 42,831 48,627 30, 760 55,281 65,457 61, 535 Nitrogenous! long tons. 106 8,431 Nitrate of soda§ -long tons. 37 647 4,887 48 11 517 0 13 405 2,516 5,814 3,486 Phosphates— __ long tons. 3,470 3,154 3,220 4,888 4,878 3,514 4,063 9,506 5,956 4,539 22, 714 12,279 Potash _ long tons7,533 18,172 23,650 33,534 30,000 24,478 7,128 24,968 17,998 21,885 Price, nitrate of soda, 95 percent, N.Y. 1.295 1.345 dolls, per cwt. 1.770 1.770 1.295 1.295 1.770 1.220 1.270 1.295 1.633 1.240 Superphosphate, bulk: Production short tons. 86,200 61,539 69,813 112,919 117,175 150,018 209,476 224,794 227,154 188,631 167,114 Shipments to consumers short tons. 7,892 16,188 31,561 '155,402 68,887 21,498 10,774 12,275 80,779 47,338 13,028 l Stocks, end of month _ .short tons. 857,096 855,535 852,587 868,657 853,035 874,042 979,903 1,076,520 1,089,429 1,066,567 897,888 NAVAL STORES Pine oil: Production .gallons. 208,133 201,628 189,752 201,608 189,132 231,115 195,248 227,273 199,202 233,286 186, 598 202,929 Rosin, gum: 2.89 Price, wholesale " B , " N.Y—.dolls, per bbl. 4.10 2.89 3.44 3.01 2.89 3.04 3.15 3.23 3.41 3.65 3.55 Receipts, net, 3 ports bbl. (5001b.). 110,450 91,527 96,115 104,904 99,148 83,484 75,153 76,804 71,458 35,064 30,639 35, 796 Stocks, 3 ports, end of month..bbl. (500 lb.)_ 227,022 350,472 366,318 371,797 386,664 356,985 335,301 346,908 332,613 295,859 263,270 237,350 Rosin, wood: Production bbl. (500lb.). 31,045 30, 597 29,483 30,076 31,141 31,155 33,132 31,308 29, 220 31,188 25,583 26, 597 Stocks, end of month __bbl. (500 lb.)_ 70,934 92,695 96,314 104,448 104,990 102,422 96,367 100,053 104, 771 104, 223 98, 615 Turpentine, gum: .46 Price, wholesale, N.Y dolls, per gal.47 .42 .45 .44 .41 .45 .43 .42 .45 .46 .46 6,710 Receipts, net, 3 ports ___bbl. (50 gal.). 2,826 6,283 32, 359 27,410 26,841 29,723 27,770 22,811 19,362 18,125 15,979 Stocks, 3 ports, end of month.bbl. (50 gal.). 67,117 73,896 70, 242 82, 532 86,467 82,364 82,503 91,212 91,971 84,096 74,894 63,679 Turpentine, wood: 4,255 Production bbl. (50 gal.). 4,175 5,028 4,827 5,454 5,070 4,975 5,151 4,878 4,861 5,020 5,202 12,387 Stocks, end of month bbl. (50 gal.). 6,981 5,560 7,412 5,267 7,054 8,312 10,602 13,112 14,194 14,399 OILS, FATS, AND ANIMAL BY-PRODUCTS Animal fats and by-products (quarterly): Animal fats: Consumption, factory thous. of lb_. 178,375 171,011 Production thous. of lb.. 553,147 474,719 Stocks, end of quarter .thous. of lb._ 240,524 303,339 Animal glues: Production ..thous. of lb_. 15, 542 11, 755 Stocks, end of quarter thous. oflb__ 74,726 73,954 Gelatin, edible: Production thous. of lb_. 3,924 _ 1,300 Stocks, end of quarter thous. of lb_. 10,457 I 8,508 0 Revised. • New series. For earlier data see p. 20 of the April 1933 issue. § Data for 1932 revised. For revision covering months of January-April 1932 see p. 36 of the June 1933 issue. 149, 864 570,199 235,326 138, 652 598, 610 283,313 14,085 72,856 3, 511 9,107 4,937 10, 751 119 69, 580 4,239 63, 621 57 102, 204 70,934 66 3,934 20, 537 1.305 158,890 265, 511 521,297 184, 760 3.28 63, 372 212, 526 24, 926 86,406 .43 18,176 59,212 3,831 10,863 37 SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 1933 May May June July 1933 Decem- January FebruAugust SeptemOctober November ber ary ber March April CHEMICALS AND ALLIED PRODUCTS—Continued OILS, FATS, AND ANIMAL BYPRODUCTS—Continued Animal fats and by-products—Continued Greases: 50,617 50, 047 Consumption, factory .-thous. of lb__ 80,923 74,640 Production thous. of lb__ 78,747 69,162 Stocks, end of quarter thous. of lb_. Lard compounds and substitutes: 221,006 276,916 Production thous. of lb._ 23,527 24,480 Stocks, end of quarter ..thous. of lb. Fish oils (quarterly): 35,103 38,943 Consumption, factory thous. of lb. 36,722 5,938 Production thous. of lb_. 195,886 183,960 Stocks, end of quarter.._ thous. of lb. Vegetable oils and products: Vegetable oils, total: Consumption, factory (quarterly) 615, 691 506,351 thous. of lb. 1,607 3,123 2,815 867 2,029 5,516 3,961 Exports _ _ thous. of lb. 2,243 54, 231 55,978 43,971 41,085 50,631 61,377 Imports § thous. of lb. 82, 720 62,891 403,439 418,363 Production (quarterly) thous. of lb_ Stocks, end of quarter: 553,546 538,909 Crude thous. of lb. 704,882 532, 231 Refined thous. of lb_ Copra and coconut oils: Copra: Consumption, factory (quarterly) 49, 656 42, 067 short tons. 10,894 11,074 14,482 24, 895 13,283 Imports short tons. 16,397 23,362 25,049 11,838 Stocks, end of quarter short tons. 9,448 Coconut or copra oil: Consumption, factory: 124,120 130,032 Crude (quarterly) thous. of lb. Refined, total (quarterly) 59,171 62,380 thous. of lb. 8,497 7,181 9,621 10,425 11,920 11,936 In oleomargarine thous. of lb_ 28,259 25,725 9,442 14,912 23,605 15,698 17,335 Imports thous. of lb. 32,677 Production (quarterly): 62,358 53, 015 Crude thous. of lb. 54,351 57,350 Refined thous. of lb. Stocks, end of quarter: 178,229 145, 339 Crude thous. of lb. 14,500 13, 004 Refined thous. of lb. Cottonseed and products: f Cottonseed: t Consumption (crush) short tons. 219, 024 199,452 112,963 90,262 151,193 873, 033 711, 236 673,397 73,877 64,701 38,173 119,936 968,757 1,258,516 892,182 71,921 Receipts at mills short tons. Stocks at mills, end of month_short tons. 447,894 400,375 352,113 300,024 265,372 666,877 1,214,157 1,432,942 Cottonseed cake and meal: f 4,965 2,119 3,030 5,373 12,622 25,702 18,430 Exports* _ ..short tons. 52,304 92,839 41, 208 70, 271 256,555 319, 695 302,815 Production... short tons. 100,631 Stocks at mills, end of month.short tons. 207,175 149,548 135,516 114,656 97,481 201,421 308,788 367,661 Cottonseed oil, crude: t 68,436 40,454 29, 281 45,539 173,198 218,949 208,238 73, 324 Production thous. of lb. 85,134 51,172 29, 524 28,315 103,100 133,875 147,746 Stocks, end of month thous. of lb_. 81, 279 Cottonseed oil, refined: Consumption, factory (quarterly) 223,273 thous. of lb. 283,700 1,137 931 1,241 1,292 In oleomargarine thous. of lb. 1,378 986 1,270 Price, summer yellow, prime, N. Y. .032 .033 .038 .045 .050 .037 dolls, per Re.045 .040 47,775 38,273 production f thous. of lb_. 107, 508 90,331 70,887 81,183 165,906 187,047 Stocks, end of month f thous. of lb_. 779,447 707,439 672,822 628,420 525,303 503,199 581,583 670,558 Flaxseed and products: Flaxseed: 829 511 103 20 806 603 437 384 Imports, United States thous. of bu_. Minneapolis and Duluth: 364 524 347 175 2,486 729 1,548 2,845 Receipts ..thous. of bu_. 193 267 267 519 306 1,340 1,427 1,700 Shipments— .thous. of bu... 912 822 902 1,565 763 3,265 1,200 2,109 Stocks, end of month thous. of bu__ Oil mills: 3,507 3,739 Consumption, quarterly.thous. of bu_. 1,454 2,663 Stocks, end of quarter...thous. of bu__ 1.21 1.01 1.43 1.05 1.11 1.06 1.13 Price, no. 1, Minn... dolls, per bu__ Production, crop estimate.thous. of bu_. Stocks, Argentina, end of month 7,874 7,087 «6,299 7,480 3,937 5,906 3,937 thous. of bu._ Linseed cake and meal: 20,787 20,373 19,372 30,536 5,923 22,116 17,797 Exports thous. of lb._ 17,676 Shipments from Minneapolis 3,932 3,665 12,960 8,411 7,610 14,338 11,367 thous. of lb._ 10,799 Linseed oil: Consumption, factory (quarterly) 65, 253 51,575 thous. of lb. .061 .059 """."056" ""."655' .087 .061 "~.~667" Price, wholesale, N.Y dolls, per lb__ 65,764 68,503 Production (quarterly) thous. of lb_. Shipments from Minneapolis 7,007 4,752 ;,770 4,666 3,433 4,849 7,257 4,007 thous. of lb._ Stocks at factory, end of quarter 116,082 97,496 thous. of lb. Lard compound: .059 .061 .073 .065 .074 Price, tierces, Chicago* dolls, perlb.. .066 .063 Oleomargarine: Consumption (tax-paid withdrawals) 14,273 10,945 thous. of lb-. 19,578 11,360 15,020 16,211 19,391 20,048 Price, standard, uncolored, Chicago .094 .095 .095 .091 I dolls, per lb__ .093 .095 .095 .095 12, 111 14,338 Production thous. of lb 11,408 I 16,016 17,128 19,528 19,166 • Revised. /As Dec. 1. * A L ) of KJL ±JK3\J. J.. t For revisions of the year ended July 1932, see p. 20 of the February 1933 issue. * New series. Earlier data not published. § Data for 1932 revised. For revisions for months of January through April 1932 see p. 37 of the June 1933 issue. 48,575 80,058 72,013 44, 889 79, 411 71,894 225,932 26,265 203, 564 25,020 36,817 28,682 197, 290 29,741 18,197 181,374 837,087 6,356 66,191 798,395 7,406 75,298 6,627 40,237 575,970 763,781 56,959 26,772 28,084 2,357 55,039 664, 447 18,009 27,300 127,640 67,701 12,234 26,110 660,362 4,697 69,913 600,825 59, 225 14,852 24, 571 15,754 120,207 13,434 28,136 10, 706 13,148 70,819 59,847 120,928 14,227 69, 426 13,498 29,651 12, 788 20,210 76,028 61, 785 138, 551 14,382 483,290 419,354 440,333 368, 336 381,139 300,753 198, 291 148, 382 1,328,607 1,211,440 749,164 249,267 95,100 594,997 21,941 23,873 5,039 216,133 190,943 198,762 167,464 366,626 342,565 332,624 286,197 4,564 115,602 221,453 151,315 143,835 130,699 146,688 139,178 116, 668 159,060 161,246 80,163 122, 517 229,799 1,519 1,467 209,942 1,408 1,382 .035 .036 .035 .037 133,618 112,212 113,517 107,938 730,492 759,730 802,125 807,376 .040 97, 615 804,201 1,274 914 570 732 221 434 293 1,210 101 126 107 153 950 179 235 1,037 4,365 1,646 1.13 1.28 4,998 3,121 1.09 /11,841 393 1,023 1.16 1.10 5,512 5,512 5,512 6,299 14,753 26, 690 22,799 17, 291 20,518 8,576 8,297 6,410 8,693 9,564 ""."673" ""."672" 39, 021 .075 79, 595 ""078 4,405 8,152 43,833 .069 90,987 2,510 4,108 3,462 121,775 141,105 .060 .059 .059 .060 .063 18,269 22,920 15,498 23,106 18,358 .095 20,142 .095 21,023 .080 17,246 .077 21,387 .081 20,439 38 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May July 1933 1933 1932 May June July Decem- January FebruOctober NovemAugust September ber ber ary March April CHEMICALS AND ALLIED PRODUCTS—Continued 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 (273 estab.)..-thous. of dolls. Plastic, cold-water paints, and calcimines: 24,981 14,660 4,866 9,794 10,321 19, 637 13,419 4,685 8,734 6,218 14,430 9,852 3,793 6,059 4,578 15,592 10,607 3,997 6,610 4,986 13,260 8,796 3,599 5,197 4,464 10,128 6,730 3,223 3,507 3,398 11,946 7,694 3,530 4,164 4,252 12,346 8,184 3,417 4,767 4,161 14,431 9,180 3,385 5,795 5,252 20, 295 13,297 4,664 8,633 6,997 dollars. dollars. dollars. 126,685 65,309 67,990 93,052 78,961 59,870 75,228 102, 299 117,732 113,493 82,639 64,229 68,485 65,529 45,281 54,028 48,150 47,344 129,064 42, 228 65,660 50,170 30,756 60,047 75,988 74,379 104,789 37,214 42,320 99,810 86,440 44.159 116,523 88,071 61,314 thous. of lb_ thous. of lb. 85 144 154 72 105 76 119 81 102 65 91 105 132 thous. of lb. thous. of lb. 659 665 839 818 713 787 635 753 597 688 535 687 594 804 23 26 18 33 26 27 5,460 4,864 11,100 5,146 14,168 4,959 16,477 4,454 840 191 113 535 1,694 2,731 348 323 525 522 1,022 1,685 2,267 522 470 1,275 Calcimines Plastic paints.. Cold-water paints _ 16,032 10,770 3,851 6,919 5,263 16,806 11,198 3,981 7,217 5,608 PYROXYLIN PRODUCTS Rods: Production* Shipments*.. Sheets: Production* Shipments* Tubes: Production* Shipments* _ _ 573 65 142 126 155 163 541 540 691 802 941 thous. of lb_ thous. of lb. 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.. 135 188 940 1,007 47 14,779 4,911 13,103 5,388 12,136 4,909 18,474 4,078 22,781 3,717 17,778 3,706 9,450 4,662 1,625 381 508 736 1,524 374 433 717 1,718 396 453 870 2,837 672 707 1,457 3,103 764 878 1,461 2,573 630 656 1,287 1,202 271 192 739 I 7,604 4,827 621 141 118 362 ELECTRIC POWER AND GAS ELECTRIC POWER Consumption, industrial, for power purposes. (See Business Indexes.) Fuel consumed in production of electrical energy. (See Fuels.) Production, total t mills, of kw.-hrs._ By source: Fuels mills, of kw.-hrs._ Water power.. mills, of kw.-hrs._ By type of producer: Central stations mills, of kw.-hrs.. Street railways, manufacturing plants, etc. mills, of kw.-hrs.. Sales of electrical energy: Sales to ultimate consumers, total (N.E.L.A.) mills, of kw.-hrs.. Domestic service mills, of kw.-hrs— Commercial—retail mills, of kw.-hrs-_ Commercial—wholesale—mills, of kw.-hrs. _ Municipal and streeting lighting mills, of kw.-hrs._ Railroads: Electrified steam mills, of kw.-hrs.. Street and interurban—mills, of kw.-hrs.. Gross revenue from sales of energy (Electrical World) thous. of dolls. Revenues from ultimate consumers (N.E.L.A.) thous. of dolls. 6,650 6,563 6,547 6,764 6,752 7,073 6,952 7,149 6,932 6,286 6,673 6,451 3,627 3,023 3,876 2,687 3,858 2,689 4,179 2,585 4,316 2,436 4,351 2,722 4,087 2,865 4,377 2,772 3,982 2,950 3,651 2,635 3,664 3,009 3,367 3,084 6,230 6,148 6,123 6,328 6,315 6,609 6,513 6,670 6,535 5,922 6,264 6,048 420 415 424 436 437 464 439 479 397 364 409 5,098 912 1,007 2,580 5,022 869 981 2,617 4,969 854 1,007 2,550 5,045 838 1,016 2,617 5,238 911 1,055 2,698 5,326 984 1,065 2,653 5,423 1,076 1,117 2,578 5,345 1,131 1,125 2,383 5,373 1,206 1,121 2,343 5,026 1,074 1,044 2,248 4,878 1,004 984 2,221 984 2,423 179 156 163 175 183 199 207 217 234 211 196 179 43 334 42 314 41 309 42 311 41 305 45 331 46 350 50 382 49 361 50 348 55 361 53 318 158,300 154,960 152,370 152,020 159,040 165,410 169, 730 171,880 171,370 158, 620 151,920 146, 308 143,396 140,986 140, 256 145,976 151,551 156,862 157,561 160, 279 149,768 142,487 142,512 10,320 9,761 57 494 31,936 23, 354 1,465 10, 220 9,669 51 492 30,149 22,944 511 10, 212 9,670 45 490 27,581 21,158 227 10,155 9,616 46 485 25,608 19, 519 177 10,203 9,659 49 488 28,213 21,899 219 10,159 9,606 58 487 30,335 22,990 794 10,038 9,484 62 484 30,186 21,338 2,030 10,002 9,445 63 486 31,824 21,641 3,244 9,907 9,356 61 482 32, 324 21,937 3,424 9,879 9,328 62 481 30,949 20,714 3,395 9,853 9,305 61 478 30,655 20,821 3,216 9,824 9,279 61 476 30,459 21,103 2,576 GAS Manufactured gas:* Customers, total thousandsDomestic thousands.. House heating thousandsIndustrial and commercial thousandsSales, to consumers millions of cu. ft. Domestic millions of cu. ft._ House heating millions of cu. ft 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:* Customers, total thousands. Domestic thousands. Industrial and commercial thousands. Sales to consumers ..millions of cu. ft. Domestic millions of cu. ft. Industrial and commercial millions of cu: ft. Revenues, from sales to consumers thous. of dolls. Domestic thous. of dolls. Industrial and commercial.thous. of dolls. 6,965 6,559 6,071 5,778 5,949 6,372 6,632 6,737 6,778 6,661 6,438 6,607 35,369 27,922 1,118 6,214 34,093 27,725 409 5,852 31,664 25,934 208 5,426 29,687 24,220 163 5,208 32,405 26,727 198 5,375 34,011 27,612 632 5,650 33,022 25, 596 1,458 5,845 34,134 25,802 2,213 5,990 34,288 25,929 2,292 5,945 32,872 24,608 2,289 5,841 32,509 24, 551 2,166 5,667 32,435 25,020 1,787 5,516 5,572 5,093 477 61,910 21,328 5,493 5,031 460 54,856 13,901 5,446 4,994 450 48,466 9,774 5,420 4,972 446 48, 549 8,034 5,427 4,980 446 52, 615 8,509 5,453 4,996 455 60,001 13, 541 5,486 5,020 464 73, 280 21,625 5,499 5,032 466 88, 716 35,325 5,470 5,003 465 90,047 40,477 5,503 5,011 491 86,262 34,998 5,470 4,986 482 80,289 33,153 5,430 4,955 473 73,188 28,182 39,869 40,507 38,125 39,935 43,651 45,283 50,558 52,175 48,777 50,337 46,361 44,423 24,313 15,338 8,891 20,001 11,676 8,261 17,063 9,437 7,558 16,501 8,823 7,600 17,469 9,243 8,147 20, 720 11,607 8,964 25,907 15,464 10,245 33,407 21, 784 11,455 35,709 24,450 11,130 33,936 22,250 11,487 30,858 20,201 10,530 27,322 17,562 9,655 # Since March 1932 detailed figures are not strictly comparable owing to changes in firms reporting. * New series. For earlier data see p. 19 of the January 1933 issue (pyroxylin products) and p. 19 of the May 1933 issue (gas). t For revised data for year 1932 see pp. 38 and 56 of the May 1933 issue. 39 SURVEY OF CUEEENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May 1933 1932 May June July August **$£*' October January February No ™ March April 129,093 .18 126, 751 50, 672 133,645 .21 133, 734 48,072 FOODSTUFFS AND TOBACCO DAIRY PRODUCTS Butter: Consumption, apparent* _thous. of lb_. 160,871 166, 614 131,548 Price, N.Y., wholesale (92 score)dolls, perlb.. .17 .23 .19 Production (factory) f thous. of lb_. 185,994 185,393 186, 736 Receipts, 5 markets _ thous. of lb_. 65,023 75, 552 71,712 Stocks, cold storage, creamery, end of month thous. of lb_. 34, 555 29,160 Cheese: Consumption, apparent!thous. of lb_. 56, 740 <* 56,724 46,783 3,802 Imports. thous. of lb_. 5,527 4,338 .11 Price, No. 1 Amer. N.Y dolls, perlb-. .15 .12 Production (factory)f thous. of lb_. 56,116 »53,894 58,840 American whole milkf thous. of lb_. 38,942 45,718 15,731 Receipts, 5 markets thous. of lb_. 16,037 13,972 Stocks, cold storage, end of monthf thous. of lb_. 48,458 66,531 52,118 American whole milkf thous. of lb_. 41, 344 40,461 53,922 Condensed and evaporated: Production:! Condensed (sweetened) thous. of lb_. 21,363 »23,173 Evaporated (unsweetened) # thous. of lb.. 203,685 182,024 Exports: Condensed (sweetened) thous. of lb_. 482 1,619 Evaporated (unsweetened)-thous. of lb_. 2,122 3,812 Prices, wholesale, N.Y.: Condensed (sweetened).-dolls, per case.. 4.68 4.75 Evaporated (unsweetened) dolls, per case.. 2.55 2.57 Stocks, manufacturers, end of month: Condensed (sweetened): Bulk goods .thous. of lb_. 8,367 8,865 Case goods thous. of lb_. 9,860 15, 246 Evaporated (unsweetened): Case goods thous. of lb.. 48,127 164,421 Consumption in oleomargarine thous. of lb_. 3,512 Production, Minn, and St. Paul thous. of lb_. 38,606 Receipts: Boston, incl. cream thous. of qt_. 20,715 Greater New York thous. of qt_. 121,759 121,766 Powdered milk: Exports thous. of lb.. 192 390 Orders, net, new thous. of lb_. 11,831 10,354 Stocks, mfgrs. end of mo.-.thous. of lb_. 13,148 23,929 F R U I T S A N D VEGETABLES Exports, fruits and preparations. (See Foreign trade.) Apples: Production, crop estimate thous. of bu_. Shipments, car lot carloads.. Stocks, cold storage, end of month thous. of bbl_. 590 673 Citrus fruit, car-lot shipments ..carloads.. 14,047 12,094 Onions, car-lot shipments carloads.. 4,361 2,740 Potatoes: Price, white, N . Y dolls, per 100 lb_. 1,101 1.086 Production, crop estimate thous. of bu_. Shipments, car lot carloads.. 17,908 18,141 133,068 .18 159,162 57,333 148,538 .20 143,763 52,082 141,715 .21 124,012 43,022 110,247 107, 259 89,490 66,828 37,207 22,043 17,833 11,580 9,255 « 9, 398 41,030 3,342 .12 46,778 35,924 16,492 45, 243 1,079 .14 44, 534 33, 503 14,856 44,885 4,665 .14 41, 569 31,089 12, 771 45,529 6,300 .13 36, 517 27, 584 13,329 41,432 6,609 .13 30, 564 21,880 12, 505 41,194 4,845 .13 31,321 23,172 11,405 39,871 3,070 .12 31,387 23, 335 10, 768 40,549 3,545 .11 29,480 21,993 9,981 43, 817 2,892 .11 34,073 26,195 12, 725 45, 273 3,891 .12 36, 281 28,052 12,728 76, 327 63,667 79,847 66, 721 81,406 68,555 78,274 66,813 73,916 62,392 68, 714 57,749 63,321 53,532 55,731 46,992 48,806 « 43,626 41, 625 « 37,321 141,933 138, 524 .23 .21 119,327 108,927 39,720 40,714 134,106 128, 678 122,655 .19 .24 .20 118,979 124,470 116,420 43,074 50,828 44,750 22, 501 16,692 21,403 16,954 17,982 13,141 16, 251 15,178 12,715 14, 580 15,947 184,018 153,876 134, 727 113,197 104, 267 90,020 99, 521 112,209 104,658 141, 090 172,178 614 3,037 656 2,687 542 2,725 570 2,574 583 2,833 522 2,601 592 3,036 506 3,129 526 2,629 475 2,893 562 3,290 4.55 4.75 4.72 4.68 4.68 4.68 4.68 4.68 4.68 4.68 4.68 2.45 2.33 2.25 2.25 2.25 2.25 2.56 2.55 2.42 2.03 2.19 13,856 19,986 12,634 21,447 12,308 20,537 10,541 18,672 8,334 16,302 7,505 14,673 7,427 12,234 6,488 9,524 5,573 7,831 5,453 5,935 • 6,076 5,310 212,431 225,897 190,912 176,197 146,204 139,957 100,092 107,154 101,085 50, 571 36,975 2,890 2,781 3,792 4,054 4,646 4,485 4,736 5,039 3,988 5,041 4,858 34,227 25,887 22,381 21,945 24,571 26,727 31,705 34,903 32,457 36, 718 34,908 19,766 119,444 20,017 121,116 19,799 118,806 18,354 115,727 17,725 17,848 16,364 18, 266 108,829 109,567 102,264 112, 525 17,591 109,550 221 11,681 26,226 310 10,960 27,918 316 11,312 24,918 256 10,426 21,785 178 10,089 20,004 291 8,982 18,505 225 10,207 18,326 183 7,877 17,473 179 7,789 16,389 'I'm 8,457 23,459 10,666 /139,156 6,030 6,278 5,875 4,999 2,830 5,948 1,419 1,974 5,621 3,610 8,827 6,694 3,371 9,811 11,022 2,084 8,513 13,277 1,657 6,703 13,566 2,311 4,138 12,287 2,252 2,894 13,624 2,431 • 1, 567 12,813 2,456 8,382 2,402 8,046 1,532 18,571 17,589 113,877 107,768 160 248 « 9, 556 10, 251 14,997 ° 13, 354 .837 1.073 .921 .913 .910 1.061 1.250 1,257 1,290 15,704 ~8~277 12,738 14,230 11,704 1.254 / 356,589 11,944 1.258 21,996 16,570 16,359 24,481 ~18,"665 6,740 8,524 6,098 8,176 10,075 5,715 4,826 3,569 4,172 812 .31 995 .31 1,028 .32 1,244 .29 1,353 .31 1,121 .26 449 .25 1,113 .30 648 .40 888 1,812 6,037 4,616 4,631 6,625 3,272 7,151 940 .29 / 299,950 2,724 2,914 7,633 8,242 1,787 8,685 1,203 8,496 1,683 8,320 5,055 8,414 381 4,552 697 5,165 312 5,981 1,915 5,856 2,320 5,569 583 5,022 371 5,830 187 7,117 .35 .32 .33 .32 .29 .30 .24 .25 .24 .25 155 5,758 .23 .24 .22 .23 .26 .26 7,319 •9,100 11,716 14,300 5,280 15,065 19,391 11,177 19,545 24,516 12,444 28,252 12,715 3,750 33,793 12,641 3,602 35,006 9,885 4,991 36,120 16, 623 11, 776 32,463 447 .18 531 .17 566 .15 237 .15 360 .15 582 .17 210 .22 7,937 13,307 1,218 .17 22,446 27,259 9,715 29,042 5,421 28,532 4,352 26,220 4,236 25,434 4,767 8,191 22, 228 234,032 2,358 134,463 2,378 211,802 153,549 152,025 20,102 31,872 23,837 166, 291 28, 704 157, 235 21,635 .021 .022 GRAINS Exports, principal grains, including flour a n d meal thous. of b u . . 3,176 9,810 10,270 Barley: Exports, including malt thous. of bu__ 673 465 785 Price, no. 2, Minn dolls, per bu._ .35 .45 .44 Production, crop estimate thous. of bu_. Receipts, principal markets *__thous. of bu__ 8,780 922 1,226 Visible supply, end of m o n t h . . t h o u s . of bu__ 10,809 * 2,317 1,932 Corn: Exports, including meal thous. of bu._ 653 713 311 Grindings thous. of bu_. 4,552 4,920 8,862 No. 3, yellow (Kansas City).dolls, per bu._ .34 .33 .39 No. 3, white (Chicago) dolls, per b u . . .32 .30 .44 Production, crop estimate thous. of bu._ Receipts, principal markets thous. of bu_. 26,464 9,607 5,399 Shipments, principal markets.thous. of bu._ 16, 718 6,686 5,684 Visible supply, end of m o n t h , .thous. of bu__ 38, 362 '21,510 17,052 Oats: Exports, including oatmeal thous. of bu_. 227 313 153 Price, No. 3, white, Chicago.—dolls, per bu__ .21 .23 .25 Production, crop estimate thous. of bu__ Receipts, principal markets thous. of bu_. 11, 791 3,778 6,513 Visible supply, end of month-.thous. of bu._ 23,695 a 10,266 10,174 Rice: Exports § pockets (1001b.)_. 69,816 315,541 261,230 Imports. _ pockets (100 lb.)__ 20, 047 10,310 9,360 Price, wholesale, head, clean, New Orleans dolls, per lb__ .022 .023 .026 Production, crop estimate thous. of bu. .020 .22 .23 '2,908,045 12,644 11,552 9,318 6,486 27,534 30,724 406 .15 525 .15 '1,242,437 3,189 3,745 27,316 26,310 101,676 163,347 176,704 5,428 6,287 21,381 .022 .021 699 5,167 .020 .020 / 39,356 .019 .019 * New series. For earlier data see p. 20 of the November 1932 issue (barley) and p. 19 of the June 1933 issue (butter). # Bulk evaporated milk not included since December 1931. / As of Dec. 1. • Revised. t Revised series. For earlier data see p. 19 of the April 1933 issue (American whole milk and total cheese stocks) and p. 20 of the January 1933 issue for others \ Data for 1932 revised. For revision see p. 39 of the June 1933 issue. ' » 2, 803 40 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey SUEVEY OF CURRENT BUSINESS 1933 May July 1933 1932 May June July 1933 Decem- January FebruAugust SeptemOctober November ber ber ary March April FOODSTUFFS AND TOBACCO—Continued GBAINS—Continued Rice—Continued Receipts, southern paddy, at mills 703 343 628 thous. of bbl. (1621b.).. 223 Shipments to mills, total 821 602 526 thous. of pockets (100 lb.)._ 698 80 New Orleans—-thous. of pockets (1001b.).. 66 46 54 Stocks, domestic, end of month 1,825 thous. of pockets (100 lb.).. 1,628 1,363 1,650 Rye: 259 228 Exports, including flour thous. of bu__ 2 .39 .32 .32 Price, No. 2, Minneapolis dolls, per bu._ Production, crop estimate thous. of bu— .52 • 30, 374 882 344 353 Receipts, principal markets*_-thous. of bu_. 5,211 Visible supply, end of month* thous. of bu~ 8,806 9,416 9,368 8.955 Wheat: Exports: 8,831 8,086 4,841 Wheat, including flour thous. of bu_. 1,523 14 7,284 6,088 3,208 Wheat only thous. of bu— Value, wheat and flour. (See Foreign Trade.) Prices, wholesale: No. 1, Northern, Spring, Minn. .74 dolls, per bu_. .57 No. 2, Red, Winter, St. Louis .49 .56 .47 dolls, per bu_. .54 .46 .45 No. 2, Hard, Winter, K.C__dolls. per bu.. Weighted average, 6 markets, all grades .73 .61 .48 dolls, per bu.. Production, crop estimate, total thous. of bu.. Spring wheat. thous. of bu.. Winter wheat thous. of bu_. 341,017 Receipts— thous. of bu.. 23,310 15,344 13,473 41,006 Shipments —thous. of bu.. 17,258 15,942 11, 507 17,294 488,200 444,800 408,200 Stocks, visible supply, world.-thous. of bu.. Canada thous. of bu_. 196, 581 '142,048 138,890 121,005 United States... thous. of bu_. 118, 546 '170,789 166,651 177,876 Stocks, held by mills (quarterly) 77,936 . thous. of bu_. Wheat flour: 7,771 8,146 8,116 Consumption (computed) thous. of bbL. 321 Exports thous. of bbL. 329 425 347 Grinding of wheat thous. of bu_. 35,344 Prices, wholesale: 35,805 36,023 4.86 Standard Patents, Minn ...dolls, per bbL. 4.43 Winter, straights, Kansas City 4.16 4.02 4.03 dolls, per bbL. 3.35 Production: 3.12 3.10 Flour, actual (Census) thous. of bbL. 7,739 Flour, prorated, total (Russell's) 7,820 7,828 thous. of bbL. 8,056 8,330 627,664 Offal .thous. of lb_. 8,473 Operations, percent of total capacity 48 631,452 616,696 Stocks, total, end of month (computed) 49 50 4,690 thous. of bbL. 3,191 4,830 4,700 Held by mills (quarterly)..-thous. of bbL. LIVESTOCK AND MEATS Total meats: 956 Consumption, apparent mills, of lb_. 1,033 1,110 1,018 Exports, value of meats and fats. (See Foreign Trade.) Production (inspected slaughter) mills, of l b - 1,240 1,000 910 1,094 Stocks, cold storage, end of month total 861 1,020 940 844 mills, of lb— 51 60 55 52 Miscellaneous meats mills, of lb Cattle and beef: Beef and veal: Consumption, apparent thous. of lb— 433,015 369,054 375,236 354,024 1,164 1,183 1,211 1,332 Exports! --thous. of lb Price, wholesale: Beef, fresh native steers, Chicago .094 .119 .118 .142 dolls, per lb— Production, inspected slaughter thous. of lb— 430, 356 362,834 369, 524 350,521 Stocks, cold storage, end of month thous. of lb-. 30,373 35,655 29,909 26,719 Cattle and calves: Movement, primary markets: 1,338 1,291 1,397 Receipts thous. of animals— 1,558 895 Slaughter, local thous. of animals.. 1,006 783 875 Slaughter, inspected. (See Leather and leather products.) 534 461 Shipments, total thous. of animals._ 483 492 105 Stocker and feeder—thous. of animals._ 193 149 Price, wholesale, cattle, corn fed, Chicago 6.32 6.89 dolls, per 1001b— 8.61 Hogs and products: Hogs: Movement, primary markets: Receipts. _ thous. of animals— 3,143 3,050 2,545 2,159 Slaughter, local thous. of animals.. 2,412 1,773 2,188 1,445 Slaughter, inspected. (See Leather and leather products.) 854 918 Shipments, total thous. of animals.. 715 718 Stocker and feeder..thous. of animals— 31 26 22 38 Price, heavy, Chicago—dolls, per 100 lb._ 3.70 3.26 4.57 4.86 ° Revised. »As of June 1. / As of Dec. 1. § Data revised for 1932. For revision see p. 40 of the June 1933 issue. 1,189 713 687 747 821 1,032 650 96 736 83 1,014 90 1,004 97 834 83 838 67 750 1,058 72 •1,108 19 1,040 1,225 1,915 2,107 2,013 1 .34 1 .34 29 .32 2,177 1 .31 2 .31 / 39,855 0 .33 1 1,458 9,052 991 8,700 587 8,485 423 8,030 610 608 7,934 5,613 4,226 2,479 4,422 2,656 5,995 3,714 3,549 1,728 .58 .58 .54 .49 .63 .48 .54 .48 .55 .55 421 40,732 38,410 19,648 21,313 423, 600 497,500 108, 522 179,122 188,238 193,931 .47 .43 .51 27,238 17,540 528,700 224,678 190,310 3 .43 286 7,790 546 1,269 8,006 3,313 1,793 2,176 729 2,105 456 1,754 194 .50 .49 .53 .63 .49 .44 .55 .48 .69 .60 .49 .46 .48 .48 .53 .64 17,584 23,464 525,800 231,342 177,025 726,831 264,680 462,151 13,859 13,604 592,670 233,592 168,958 12,814 8,375 643,550 228,647 158,228 7,481 620,400 223,439 148,426 12,729 10,246 577, 600 225, 360 136, 724 15,753 13,421 522, 330 215, 204 125,934 147,095 8,759 365 8,734 372 10,156 376 10,130 387 38,007 41,417 43,015 42,880 4.16 4.14 3.92 3.24 3.21 3.00 9,005 9,395 9,207 9,851 752,259 60 5,900 4,245 483 39,841 116,910 9,414 324 36,949 3.72 3.74 3.80 2.84 2.85 3.00 8,719 8,323 8,077 9,382 9,812 9,178 9,517 10,632 691,984 660,411 646,950 762,369 55 52 51 57 6,500 5,500 4,940 4,012 6,000 1,002 1,856 1 .35 .46 .42 154,037 731,368 53 5,155 48 2,036 8,513 308 33,133 3.71 2.75 7,216 8,781 572,587 50 4,900 1,042 1,014 1,061 919 9,127 351 40, 705 332 42,442 4.03 4.54 3.04 3.48 8,867 9,268 10,238 709,357 53 5,660 3,718 742,019 59 1,059 1,059 1,172 1,239 1,019 1,052 1,106 751 45 637 40 544 37 513 35 620 43 717 47 751 46 749 42 780 45 364,867 1,130 404,826 1,018 380,576 796 357,250 969 331,693 943 371,847 927 343,608 844 373,610 1,135 ' 376,913 1,561 .105 955 .144 .143 .136 .124 .113 .106 360,441 404,123 389,873 361,405 332,357 365,532 .097 .092 370,562 372, 635 24, 376 25,909 ' 36,036 41,029 42,870 39,550 36,015 33,781 «30,658 1,606 924 1,689 916 1,896 962 1,543 847 1,161 1,318 824 1,136 725 1,171 786 1,296 829 656 280 773 390 479 735 377 494 210 471 152 407 129 97 456 152 8.73 8.96 8.09 7.00 5.77 5.09 5.16 5.44 5.52 2,405 1,658 2,505 1,739 2,691 1,830 2,775 1,881 3,121 2,167 3,381 2,396 2,699 1,896 2,638 1,921 2,798 2,084 739 21 4.23 761 21 4.12 855 23 3.64 891 26 3.37 20 3.06 975 29 2.94 24 3.41 715 20 3.92 714 29 3.75 • New series. For earlier data see p. 20 of the November 1932 issue. 41 SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 1933 May May June 1933 Decem- January August SeptemOctober November ber ber July February March 634,850 88,713 78,137 523,896 65,761 57,773 561,356 58, 351 47,661 «596, 651 50,63» 38,741 April FOODSTUFFS AND TOBACCO—Continued LIVESTOCK AND MEATS—Continued Hogs and products—Continued Pork, including lard: Consumption, apparent thous. of lb_. 618,931 Exports, total thous. of lb__ 56,154 Lard thous. of lb— 46,038 Prices: .121 Hams, smoked, Chicago.—dolls, per l b . . T OTH • .Lara: .066 Prime contract, N.Y dolls, per lb— .073 Refined, Chicago* dolls, perlb.. Production, inspected slaughter, total thous. of lb— 750,898 Lard thous. of lb__ 150,410 OLOCKS, C01Q SlOiagG, 6DQ 01 IHO. 778,336 thous. of of lb._ l b . . 667,955 Fresh and cured.. thous. Lard _ thous. of lb— 110,381 Sheep and lambs: Lamb and mutton: Consumption, apparent thous. of lb— 58,368 Production, inspected slaughter thous. of lb— 58,456 Stocks, cold storage, end of mo. 1,843 thous. of lb— Movement, primary markets: 2,402 Receipts thous. of animals 1,319 Slaughter, local .. thous. of animals— Slaughter, inspected. (See Leather and leather products.) 1,081 Shipments, total ..—thous. of animals.. 125 Stocker and feeder thous. of animalsPrices, wholesale: 1.88 Ewes, Chicago. dolls, per 1001b— 6.10 Lambs, Chicago dolls, per 1001b— Poultry and eggs: Eggs: 2,502 Receipts, 5 markets thous. of cases.. Stocks, cold storage, end of month: Case _ . . . . thous. of cases.. 8,047 Frozen thous. of l b . . 84,358 .rouitry. Receipts, 5 markets thous. of lb— 23,123 Stocks, cold storage, end of mo. thous. of lb— 38,096 TROPICAL PRODUCTS Cocoa: Imports long tons.. Price spot, Accra, N.Y dolls, per lb— ompmencs, LXOIQ v_/oast anu i\igeria long tons.. Coffee: Clearances from Brazil, total. thous. of bags.. To United States thous. of bags._ Imports into United States.-thous. of bags.. Price, Rio No. 7, N.Y dolls, per lb__ Receipts at ports, Brazil thous. of bagsStocks, 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 sugar: Cuban movement: Exports long tons— ReceiDts at Cuban Dorts Ions tons Stocks, total, end of month thous. of long tons— unitea. fotates. Meltings, 8 ports t long tons Price, wholesale, 96° centrifugal, New York dolls, per lb_.. Receipts: From Hawaii and Pto. Rico.-long tons.. Imports § long tons.. Stocks at refineries, end of mo.f long tons.. Refined sugar: Exports, including maple § long tons.. Price, retail, gran., N.Y -dolls, per lb— Price, wholesale, gran., N.Y.dolls. per lb— Shipments, 2 ports „ _ . long tons.. Stocks, end of month, 2 ports.. Jong tons— Tea: Imports... thous. of lb— Price, wholesale, Formosa, fine, N.Y. dolls, per lb— 609,273 53,657 41,084 587,485 57,634 45,339 551,136 48, 722 34,886 579,170 42,815 34,973 .136 .130 .131 .141 .137 .043 .053 .044 .056 .054 .066 .055 .069 .054 .066 676,267 137,816 575,327 124,753 509,181 103,411 536,291 102,679 923,969 795,866 128,103 854,634 724, 271 130,363 764,670 643,052 121,618 679,453 578,876 100,577 54,868 55,256 50,419 58,415 62,129 60,447 54,847 55,268 50,438 58,713 62,823 61,449 1,018 1,010 1,012 1,305 1,983 2,974 2,429 1,360 2,428 1,338 2,240 1,199 2,919 1,447 3,239 1,330 1,072 100 1,087 172 1,049 181 1,457 460 1.50 5.18 1.53 5.75 1.50 5.91 1,971 1,496 5,380 94,978 6,339 100,485 628,785 «646,527 «631,229 53,500 62,827 47,358 44,789 35,897 53,573 631,981 59,558 49,919 .126 .118 .108 .107 .108 .114 .116 .048 .065 .053 .062 .046 .055 .046 .052 .042 .051 .048 .055 .049 .058 571,476 105,696 607,951 112,063 643,777 128,446 789,467 163,864 819,244 175,438 628,937 131,985 623, 747 127,436 677,378 139,066 568,909 498,253 70, 656 467,958 433,548 34,410 433,644 403,898 29,766 531,938 490,850 41,088 627,925 575,084 52,841 667,503 609,321 58,182 671,914 610, 240 61, 674 °702, 255 630, 360 71,895 53,421 50,030 54,482 51,720 57,790 "56,419 53,366 49,910 53,761 51,400 57,939 56,397 2,904 2,767 2,029 1,683 1,818 •1,77a 3,265 1,340 2,203 1,107 1,657 919 1,914 1,083 1,795 1,020 1,844 1,099 2,097 1,152 1,892 535 1,900 803 1,145 501 749 196 820 108 776 82 747 65 948 107 1.88 5.03 1.63 5.03 1.50 5.05 1.56 5.17 1.75 5.38 1.75 5.53 1.75 5.44 1.75 5.38 1.88 5.18 1,082 1,035 853 738 605 618 1,050 988 1,639 2,280 6,431 99,112 5,960 92,967 4,895 84,187 3,225 74,314 1,199 64,150 159 55,339 75 46,448 163 40,450 1,833 45,090 •4, 857 62,944 18,763 20,460 18,476 21,751 24,739 32,140 73,950 74,866 30,153 21,975 17, 879 18,617 44,829 36, 661 31,471 30,305 36,683 54,989 91,118 111,642 104,833 88, 675 67, 285 •46,824 14,801 .0450 10, 617 .0435 7,371 .0419 9, 515 .0447 7,989 .0475 20, 212 .0488 19, 642 .0428 19, 730 .0408 19,873 .0383 25,181 .0367 22,853 .0358 14, 471 .0370 20,324 .0388 18,028 7,075 8, 445 13, 256 10,808 9,481 22, 220 34,486 52,183 51, 234 29, 577 25, 349 17,739 1,197 625 1,187 .082 1,631 1,263 735 1,056 .084 1,564 865 448 1,079 .081 1,229 520 227 671 .079 885 612 301 601 .085 814 79S 385 782 .094 926 1,339 657 923 .088 1,155 894 390 935 .082 1,196 962 403 945 .084 1, 785 1,303 784 911 .083 1,315 1,117 655 1,083 .085 1,401 1,245 678 1,109 .082 1,792 1,116 597 922 .078 1,588 33,456 31, 683 (t) tt) (t) 31,828 31, 612 31, 005 29,819 28, 956 27, 282 5,751 877 5,468 990 5,292 765 5,152 643 4,975 596 5,415 624 5, 287 584 5,508 562 5,154 545 5,286 714 5,778 703 1] 0,744 82, 586 134, 690 111,873 190,983 106,496 291, 832 141,147 84,873 76,992 114, 282 76, 727 98, 478 64, 693 94,103 62, 549 5,754 821 5,88& 735 2,825 3,155 2,922 2,666 2,195 2,038 1,838 1,653 1,535 1,444 2,062 2,911 2,882 361,308 326, 624 386, 370 364, 664 352, 650 400, 486 280, 791 232,828 212,808 215, 768 224,948 342,037 345,677 .033 .026 .028 .030 .032 .031 .032 .030 .029 .027 .028 .030 .031 185,062 305, 753 226,859 229,812 160,147 154, 269 150,815 189,193 141,275 326,859 107,743 220, 721 87,802 151,139 46, 544 139,146 37, 213 136,805 86,809 170, 779 125,149 163,821 170,909 258,951 227,499 308, 660 426,714 483,487 433,151 380,430 393,734 313, 670 256,180 193,899 152,131 147,879 200,163 281,051 367, 545 3,090 .049 .044 76,163 32,826 5,538 .045 .037 67,923 46,173 5,345 .045 .037 179, 040 92, 279 3,713 .046 .040 76,649 39,903 2,788 .048 .041 75,990 38, 011 2,526 .048 .042 51, 423 39,327 3, 538 .049 .041 46, 070 39,560 2,969 .049 .042 77, 390 66, 431 2,616 .049 .041 88,569 71,385 2,470 .049 .039 83, 876 59, 315 2,768 .047 .038 94,278 65, 767 3,325 .048 .041 52, 654 26,046 2,854 .048 .042 66,774 25,605 7,295 4,566 7,277 6,278 8,004 9,405 9,353 10, 364 9,817 9,038 5,70 6,635 7,067 .175 .185 .163 .175 .175 .175 .175 .175 .175 .175 .175 .175 .175 14,877 Candy sales by manufacturers—thous. of dolls._ 14,193 v"tficlr isn. Landings, fresh fish, principal ports 27,083 thous of lb 264,107 Salmon, canned, shipments cases.. Stocks, total, cold storage, 15th of month 28,622 thous. of lb— 19,646 • Revised. * New series. Earlier data not published. t For revised data for year 1932 see p. 41 of the May 1933 issue. 12,533 9,098 14,076 21, 255 21, 219 20,613 19, 734 16,104 15, 506 14,852 °15,033 26,998 31,847 31, 265 453,062 1,014,716 1,098,118 33,069 501,737 18,653 281,139 14,038 395,267 17, 270 282,104 22,325 631,818 24,158 516, 749 28,426 63,167 62,168 55.749 45, 756 •35,469 25,855 «19,335 MISCELLANEOUS PRODUCTS 24, 737 378,040 34,304 41,306 61,345 59, 209 t Missing data not available. § Data for 1932 revised. For revisions for full year 1932 see p. 41 of the June 1933 issue. 42 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey SURVEY OF CURRENT BUSINESS 1933 May Julv 1933 1933 1933 May June July Decem- January FebruOctober NovemAugust September ber ber ary March April FOODSTUFFS AND TOBACCO—Continued TOBACCO Exports § thous. of lb.. Imports, unmanufactured thous. of lb_. Production, crop estimate thous. of lb.. Stocks, total, including imported types (quarterly) mills, of lb.. Flue-cured,fire-cured,and air-cured mills, of lb.. Cigar types mills, of lb_. Manufactured products: Consumption (tax-paid withdrawals): Small cigarettes millions.. Large cigars thousandsManufactured tobacco and snuff thous. of lb_. Exports, cigarettes thousands.. Prices, wholesale: Cigarettes dolls, per 1,000.. Cigars dolls, per 1,000.. Leaf: 20,251 2,669 30,195 2,823 30,840 2,242 26,762 2,421 24,257 1,695 42,419 1,614 59,103 2,247 47,180 4,950 31,842 4,147 1,015,512 28,403 16,392 25,796 7,397 36, 725 9, 910 2,239 2,095 2,145 2,278 1,715 427 1,606 403 1,679 383 1,785 389 38, 713 4, 285 12,823 371,373 8,685 368,553 9,534 10, 560 400,406 361,240 9,559 401,143 9,311 405,419 8,351 436,832 7,614 419,173 7,319 254,136 8,622 296,640 7,854 287,430 7,974 290, 111 7,973 321, 279 31,838 197,603 27,810 268,304 30,678 177,959 26,733 195,923 31,303 204,493 31,693 227,354 28,847 159,743 28,000 146,081 24,116 216,297 27,786 207,980 24,446 146,038 27,456 238,126 28,847 131,016 4.851 46.062 6.042 49.249 6.042 49. 249 6.042 49.247 6.042 49.135 6.042 48. 685 6.042 48. 685 6.042 48.685 6.042 48. 685 5.292 48.685 4.961 46.062 4.851 46.062 4.851 46.062 FUELS AND BY PRODUCTS COAL Anthracite: 92 112 31 62 112 100 38 60 67 Exports.. thous. of long tons. Prices: Retail, composite, chestnut dolls, per short ton. 13.16 13.28 13.52 13.00 11.25 13.11 13.17 13.58 13.48 13.65 13.61 Wholesale, composite, chestnut # 10.341 10.541 10.515 10.491 10.774 10.909 10.921 10.095 10. 874 12.228 dolls, per short ton. 2,972 3,021 3,465 3,278 2,550 4,108 5,234 5,089 2,891 4,519 3,807 Production thous. of short tons. 2,778 3,050 2,901 2,227 3,664 2,508 4,758 4,512 2,461 3,326 3,866 Shipments thous. of short tons. 2,081 2,250 1,906 2,076 2,263 2,261 1,732 433 1,236 457 511 Stocks, in storage thous. of short tons. Stocks, in yards of dealers, end of month 52 42 60 32 46 no. of days' supply. Bituminous: Consumption: 2,303 2,854 2,284 2,257 2,190 2,618 2,708 Coke plants thous. of short tons_ 2,729 2,588 2,469 2,554 Electric power plants t 2,261 2,517 2,558 2,347 2,492 2,330 2,075 2,610 2,305 2,678 thous. of short tons. 4,366 3,976 4,057 4,375 3,965 5,096 4,682 4,248 4,481 5,080 Railroads thous. of short tons. 110 104 109 100 103 110 98 59 65 58 83 Vessels, bunker thous. of long tons. 722 Exports thous. of long tons. 858 667 708 833 1,012 337 435 287 453 Price, retail composite, 38 cities 7.60 dolls, per short ton. 7.39 7.52 7.53 7.46 7.50 7.54 7.36 7.43 7.60 7.51 Prices, wholesale: 3.640 Composite, mine run.dolls. per short ton3.497 3.617 3.624 3.566 3.503 3.549 3.582 3.628 3.596 3.613 Prepared sizes (composite) 3.599 3.416 3.554 3.604 3.568 3.614 3.643 3.642 3.569 3.416 3.581 dolls, per short ton27,060 31,110 Production thous. of short tons_ 22,346 18,384 17,749 17,857 22,489 26,314 32,677 19, 523 23, 685 Stocks, consumers, end of month 26,300 27, 504 30,038 23,608 29,046 29,666 thous. of short tons. COKE 25 Exports,._ thous. of long tons. 61 87 23 46 53 51 21 14 63 27 22 Price, furnace, Connellsville 2.08 2.21 2.08 dolls, per short ton2.13 2.12 1.75 1.88 1.75 1.91 1.75 2.05 1.81 1.88 Production: 46 45 47 41 41 Beehive thous. of short tons. 38 93 82 81 47 68 84 1,921 1,786 By-product thous. of short tons. 1,544 1,537 1,743 1,474 1,523 1,666 1,785 1,752 1,639 1,739 1, 656 Petroleum thous. of short tons. 150 150 145 159 150 153 147 95 107 155 147 138 Stocks, end of month: 3,615 4,221 3,742 3,857 3,975 4,223 4,028 2,831 3,308 2,847 By-product plants thous. of short tons. 3,515 2,703 2,975 1,554 1,544 1,515 1,484 1,537 1,393 1,434 1,236 1,172 Petroleum, refinery thous. of short tons. 1,149 1,330 1,149 PETROLEUM AND PRODUCTS Crude petroleum: 72,327 65,504 71,455 67,271 63,913 66,093 Consumption (run to stills)..-thous. of bbL. 74,669 68,822 61,042 67,984 65,998 7,865 1,525 1,963 1,862 1,893 2,455 2,831 Imports thous. of bbl.. 2,206 2,369 2,746 2,910 3,803 .860 .860 .860 .860 .860 .860 .860 .276 .530 .745 Price, Kansas-Oklahoma dolls, per bbL. .380 .380 .380 68,523 64,835 66,310 66,220 65,036 65, 219 63,384 63,998 58,044 Production thous. of bbL. 61,029 75, 302 65, 313 67 67 61 65 61 60 61 60 Refinery operations pet. of capacity 63 63 67 Stocks, end of month: California: 92,940 93,605 94,256 94,895 95,322 95,048 95,457 Heavy crude and fuel oil.-thous. of bbl._ 95,933 95,765 94, 554 95,590 95,349 42,737 40,938 40,405 40,149 40,367 39,996 40,264 39,297 39,340 Light crude thous. of bbL. 39,968 39,516 39,909 319,552 316,995 312,130 309,011 307,523 305,709 301,331 293,278 290,404 289,342 295, 349 289,933 East of California, total thous. of bbL. 45,277 47,403 44,641 43,287 47,568 47,902 40, 507 39,329 47,100 46,797 Refineries thous. of bbL. 48,997 274, 275 269,592 267,489 265, 724 267,016 266,380 253,763 245,376 243,304 242,545 246,460 Tank farms and pipe lines.thous. of bbl 240,936 1,279 1,145 993 855 913 793 Wells completed number 639 825 472 485 Mexico: 1,843 1,482 2,178 1,577 1,403 1,595 1,776 1,372 1,509 Exports thous. of bbL. 1,290 1.398 2,925 2,705 2,641 2,506 2,463 2,514 2,570 2,890 Production thous. of bbL. 2,961 2,547 2,825 3,008 Venezuela: 8,394 8,124 10,313 8,087 1,624 11,260 8,377 7,794 9,582 9,104 Exports thous. of bbL. 8,661 10,076 9,340 9,551 10,579 9,430 8,767 9,171 1,133 10,648 Production thous. of bbl.. 9,309 8,834 9,945 9,058 Refined products: Gas and fuel oils: Consumption: 555 637 707 755 780 625 731 703 649 Electric power plantsf thous. of bbl 580 648 670 2,963 2,825 2,703 2,855 2,898 3,019 3,345 3,077 2,882 Railroads thous. of bbL. 2,809 2,699 2,785 3,243 3,714 3,066 3,350 2,763 2,751 2,702 Vessels, bunker --thous. of bbL. 2,726 2,916 2,826 2,779 2,813 Price, fuel oil, Oklahoma, 24-26 refineries .435 .419 .400 .415 .425 .470 dolls, per bbL. .563 .556 .475 .425 .331 .325 # Price converted to short-ton basis. t For revised data for year 1932, see p. 42 of the May 1933 issue. ° Revised. § Data for 1932 revised. For revisions for full year of 1932 see p. 42 of the June 1933 issue. / As of Dec. 1. Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 43 SUKVEY OF CURRENT BUSINESS July 1933 1933 1933 May May June July August 1933 Septem- October Novem- Decem- January Februber ary ber ber March April FUELS AND BY PRODUCTS—Continued PETROLEUM AND PRODUCTS—Con. Refined products—Continued Gas and fuel oil—Continued Production: Residual fuel oil*.. thous. of bbl— Gas oil and distillate fuels* thous. of bbl— Stocks: Residual fuel oil, east of California* thous. of bbl_ . Gas oil and distillate fuels, total* thous. of bbl-. Gasoline: Consumption thous. of bbl— Exports thous. of bbl— Exports, value. (See Foreign Trade.) Price, wholesale: Drums, delivered, N.Y...dolls, per gal— Refinery, Oklahoma dolls, per gal— Price, retail, service station, 50 cities dolls, per gal— Production: At natural gas plants thous. of bbl— At refineries-_ thous. of bbl— Retail distribution (41 States) t mills, of gal— Stocks, end of month: At natural gas plants thous. of bbl— At refineries.thous. of bbl-. Kerosene: Consumption thous. of bbl— Exports.---thous. of bbl— Price, 150° water white, refinery, Pa. dolls, per gal_. Production thous. of bbl— Stocks, end of month.... thous. of bbl— Lubricating oil: Consumption thous. of bbl— Price, cylinder oil, refinery, Pa. dolls, per gal— Production _ thous. of bbl-. Stocks, refinery, end of month thous. of bbl Other products: Asphalt: Imports thous. of short tons.. Production thous. of short tons Stocks, refinery, end of month thous. of short tons Coke. (See Coke.) Wax: Production thous. of l b . . Stocks, refinery, end of month thous. of lb 20, 030 19,105 19, 526 17, 793 17,403 17,113 18,068 18,491 18,578 17,156 19,246 19,145 5,890 5,207 5,191 5,519 5,665 6,382 5,582 5,980 6,885 6,451 6,845 5,751 24, 237 24,807 26, 353 26,829 26, 000 23,494 21,874 19,928 18,911 18,069 17,714 17,230 12,396 13,477 15,408 16,971 17,905 18,495 16,775 14,110 12,683 11, 549 11, 557 11,390 1,955 31, 571 4,418 38, 766 3,369 31,317 2,200 35, 207 2,260 33, 645 2,569 32, 255 2,213 30, 294 2,356 27,191 1,830 26,442 2,251 23, 312 1,729 28, 227 1,829 30,176 3,024 .145 .026 .140 .052 .130 .054 .135 .051 .139 .050 .150 .046 .144 .047 .153 .046 .151 .037 .135 .028 .135 .026 .135 .026 .143 .023 2,543 27, 676 2,771 27, 676 2,674 31,921 .045 .134 .137 .142 .140 .137 .125 .130 .130 .126 3,079 34, 599 2,812 33, 312 2,812 33, 705 2,819 32,883 2,793 30,908 2,924 33, 212 2,855 32, 072 2,888 31, 254 2,876 30, 508 952 1,109 963 1,057 997 975 858 801 768 1,054 45, 246 812 38, 526 757 38, 959 616 36, 700 32,806 576 32, 207 478 32, 720 449 35,404 539 37,691 651 35, 652 752 35,882 814 35,881 2,814 858 2,128 1,068 1,854 2,279 2,581 1,081 3,115 944 3,621 970 3,149 630 3,656 872 3,274 615 2,975 629 2,925 691 .052 4,092 4,812 .051 3,523 5,134 .050 3,629 6,033 .049 3,497 6,247 .048 3,449 6,018 .048 3,463 5,465 .048 3,801 4,672 .048 4,097 4,974 .049 4,363 4,794 .048 3,691 4,574 .048 3,877 4,827 .047 4,046 5,230 1,535 3,054 1,011 951 932 1,143 1,115 1,042 1,101 1,143 1,390 .174 2,036 .178 2,290 .180 1,958 .177 1,587 .159 1,648 .108 1,713 .131 1,644 .133 1,625 .133 1,827 .119 1,621 .113 1,794 .116 1,871 8,809 7,323 7,991 7,965 8,182 8,289 8,245 8,375 8,796 8,812 8,712 8,330 2 250 255 234 1 232 1 239 1 229 1 177 1 141 3 102 0 95 3 124 0 152 414 409 386 292 248 280 276 272 294 304 35,000 39,760 36,400 31,640 38,920 36,680 31,360 33,320 194,973 198,526 202,023 206,461 200,581 188,637 180,441 810 36, 680 28,000 36,400 37,800 160,240 147,849 136, 785 124,927 3,677 5,585 18,046 2,350 4,776 5,303 3,653 14,728 2,591 3,288 4,795 2,127 12,916 1,987 2,545 4,266 14, 256 1,816 3,127 5,454 2,090 17, 516 3,445 4,463 6,222 1,150 317 569 3,647 1,250 398 617 3,602 1,413 426 616 3,847 1,409 LEATHER AND PRODUCTS HIDES AND SKINS Imports, total hides and skins§..thous. of lb— Calf and kip skins thous. of lb— Cattle hides thous. of lb— Goatskins thous. of lb— Sheep and lamb skins thous. of lb._ Livestock, inspected slaughter: Calves thous. of animals.. Cattle thous. of animals— Hogs thous. of animals.. Sheep thous. of animals— Prices, wholesale: Packers, heavy native steers, Chicago dolls, per lb— Calfskins, No. 1 country, Chicago dolls, per lb— LEATHER Exports: Sole leather ..thous. of lb— Upper leather§ thous. of sq. ft— Production: Calf and kip* thous. of skins— Cattle hides* thous. of hides.. Goat and kid* thous. of skins.. Sheep and lamb* thous. of skins— Prices, wholesale: Sole, oak, scoured backs (Boston) dolls, per lb— Upper, composite, chrome, calf, black, " B " grade dolls, per sq. ft— 29,292 4,606 10,432 3,759 5,909 123 5,192 16, 786 1,869 5,138 6,082 2,544 17,366 2,575 4,120 6,126 3,081 10,174 2,867 1,007 3,432 1,760 8,617 2,691 1,238 2,009 1,625 8,545 3,337 985 2,106 1,011 16,700 2,829 6,871 4,183 1,464 616 3,940 1,444 394 638 3,320 1,529 324 614 2,802 1,384 362 633 1,579 2,970 366 718 3,252 1,667 3,605 1,601 376 627 3,778 1,388 327 567 4,584 1,264 345 612 4,700 1,332 .043 .043 .049 .066 .081 .073 .065 .055 .054 .048 .052 .062 .045 .046 .049 .063 .076 .082 .061 .066 .061 .066 .076 172 5,481 125 4,343 160 4,522 155 4,715 137 6,162 130 5,807 137 5,276 134 4,484 86 5,071 162 6,005 168 4,541 759 1,049 2,959 1,598 934 1,060 2,939 1,623 1,129 1,030 2,724 1,560 1,232 1,082 3,379 2,170 1,180 1,272 2,571 2,907 1,126 1,325 2,651 4,002 894 1,311 3,205 1,797 1,276 3,431 1,897 871 1,233 3,320 2,163 920 1,303 3,451 2,123 822 1,175 2,770 1,847 21,777 3,099 222 5,748 946 1,330 2,835 3,212 .29 .28 .27 .27 .27 .28 .29 .28 .26 .25 .23 .23 .23 .281 .250 .241 .238 .243 .250 .252 .250 .242 .235 .233 .236 .241 223,879 294,668 269,609 181,693 142,476 152,378 104,471 132,222 128,020 70,608 53,152 72,106 119,408 162,446 141,589 111, 085 89,324 80,272 166, 375 83,188 83,187 190,893 101,987 88,906 LEATHER MANUFACTURES Gloves and mittens: Production (cut), total dozen pairs— 100,402 104,979 99,806 156,121 Dress and street dozen pairs.. 43, 535 47,618 50,965 77,989 Work _ dozen pairs.. 56,867 57,361 48,841 78,132 • Revised. * New series. For earlier data se8 p. 29 of the February 1933 issue (gas and fuel oil) and t For revised figures for year 1932 see p. 43 of the May 1933 issue. § Data revised for 1932. For revisions for full year 1932, see p. 43 of the June 1933 issue. p. 19 of the June 1933 issue (leather), 44 SUKVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey July 193S 1932 1933 May May June July August 1933 Septem- October Novem- Decem- January Februber ary ber ber March April LEATHER AND PRODUCTS—Continued LEATHER MANUFACTURES—Contd. Shoes: Exports thous. of pairs.. Prices, wholesale: Men'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 youths' thous. of pairs.. Women's thous. of pairs.. Misses' and children's thous. of pairs. . Slippers, all types. thous. of pairs.. All other footwear.. thous. of pairs.. 57 84 60 42 76 58 67 74 70 35 41 5.50 5.75 5.75 5.75 5.75 5.75 5.75 5.50 5.50 5.50 5.50 5.50 3.85 4.25 4.05 3.85 3.85 3.85 3.85 3.85 3.85 3.85 3.85 3.85 3.85< 3.27 3.50 22,497 5,424 1,112 7,528 2,469 2,382 3,582 3.43 23,562 5,851 1,183 7,884 2,527 2,601 3,516 3.35 20,442 5,135 1,181 7,825 2,173 2,220 1,907 3.35 30,785 6,822 1,613 13,670 2,598 3,426 2,656 3.35 33,885 7,886 1,846 13,644 3,023 4,688 2,798 3.35 33,070 8,044 1,997 11,213 3,020 5,929 2,867 3.35 25,149 6,917 1,810 5,470 2,284 6,405 2,263 3.30 20, 096 5,397 1,513 5,938 1,976 3,255 2,017 3.25 22,717 5,763 1,442 9,283 2,482 1,368 2,378 3.25 3.25 26,384 * 28, 576 6,092 « 6,837 1,448 1,532 11,360 »11, 608 2,879 « 3, 081 1,852 «2,399 2,752 3,119 3.25, 27,575 6,217 1, 607 10, 674 2,985 2,652 3,440- 5.50- LUMBER AND MANUFACTURES LUMBER Exports, all types* M ft.b.m.-. Retail movement: Retail yards, Ninth Fed. Res. Dist.: Sales M ft.b.m... Stocks, end of month M ft.b.m... Retail yards, Tenth Fed. Res. Dist.: Sales M ft.b.m... Stocks, end of month__ M ft.b.m... 89,304 78,024 73,145 63,917 55,163 65, 267 79, 639 62,637 68,322 70,582 49, 626 67,719 75,185. 5,430 58,122 5,207 6,609 5,867 65,402 6,703 63,216 6,484 60,992 6,730 58,329 4,808 55,911 1,916 54, 295 1,685 54, 292 1,237 54,949 1,952 56,253 3,678 57,227 2,506 28,059 1,743 32,366 1,751 31,965 1,922 31,460 2,319 30,247 2,429 29,294 2,411 28,683 1,785 28,324 1,281 28,105 1,615 27,371 1,530 27, 214 1,662 27, 031 2,026. 28,02$ 2,030 4,102 2,179 2,325 22,852 2,457 4,317 2,598 2,281 22,898 2,117 3,946 1,264 2,264 22, 216 3,179 5,102 1,545 2,402 19,145 1,920 4,793 1,718 2,031 19, 025 1,390 4,022 1,067 2,816 20, 212 1,624 1,902 19,119 1,588 4,269 1,736 1,590 19,413 1,155 3,432 1,359 1,496 19, 261 1,083 3,206 784 1,318 18,712 1,501 3,420 736 1,246 18,483 2,452 3,899 1,078 2,097 17, 238 11,147 12,444 11, 683 12,939 52, 598 9,130 9,355 10, 334 10,253 51,336 7,120 6,683 6,977 7,699 51,143 16, 508 12,599 11,008 11,626 53,067 13, 506 13,359 11,087 11, 739 53,729 10,371 14, 259 10, 574 10,657 50,418 4,241 12,945 8,136 5,918 53,138 3,238 11, 766 5,926 4,327 54,752 4,164 11,556 5,501 4,433 55, 200 14,636 5,784 6,074 55,171 7,616 15, 095 4,959 7,573 52,130 9,654 15, 568 7, 553 9, 479 50,190 101 270 98 109 2,622 2,351 90 242 94 98 2,610 2,368 227 71 86 2,550 2,323 114 265 59 102 2,498 2,234 154 275 68 135 2,417 2,141 113 256 68 128 2,323 2,066 101 246 68 105 2,260 2,015 252 49 75 2,217 1,965 79 238 60 86 2,166 1,928 536 468 62 546 484 61 532 471 73 538 466 75 523 448 65 481 416 65 460 395 65 451 52 440 51 425 374 52 411 59 392 332 67 703 636 57 699 643 52 683 631 76 661 585 76 634 559 624 554 61 608 547 53 600 547 71 614 543 73 594 521 67 584 517 563 494 2,196 6,735 2,421 8,490 1,683 6,732 1,538 7,138 11, 536 526 10,968 1,063 8,729 1,396 6,523 4,519 9,351 6,647 8,892 19,085 22,178 23,326 24,588 25,720 17, 720 15,379 17,865 24,878 34,425 31, 771 28,132 94,901 81,920 106,093 85,053 105,645 120,865 97,140 109,674 141, 457 107,883 134, 294 120,417 8.58 9.50 10.67 11.02 20.61 21.58 93,558 97,587 96, 244 104,302 21.30 105, 645 119,970 21.34 115,046 140,114 5,050 0 4,966 9,352 1,246 8,317 Flooring Maple, beech, and birch: Orders: New Unfilled, end of month Production Shipments.... Stocks, end of month Oak: Orders: New Unfilled, end of month Production Shipments Stocks, end of month _ M M M -M M ft.b.m... ft.b.m.-. ft.b.m... ft.b.m.-. ft.b.m... M M M M M ft.b.m.. ft.b.m-. ft.b.m-. ft.b.m-. ft.b.m.. 22, 645 22, 418 12,464 14, 549 48, 073 Hardwoods Hardwoods (Southern and Appalachian districts): Total: Orders: New mill.ft.b.m-Unfilled, end of month. mill.ft.b.m.. Production mill.ft.b.m.. Shipments mill.ft.b.m-. Stocks, total, end of month..-mill.ft.b.m-Unsold stocks mill.ft.b.m.. Gum: Orders, unfilled, end of month mill.ft.b.m. Stocks, total, end of month...mill.ft.b.m.. Unsold stocks mill.ft.b.m. Oak: Orders, unfilled, end of month mill.ft.b.m. 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.. 90 230 2,118 1,888 226 64 98 2,058 1,832 146 247 P71 120 1,982 1,735 Softwoods Fir, Douglas: Exports: § Lumber M ft.b.m.. 35, 795 19, 326 24,603 19, 221 18, 276 21,035 24,809 24, 478 18,233 7,377 Timber M ft.b.m 8,546 18,172 14,453 23,647 Orders: 229,196 107,883 104, 750 106,540 116,836 153,543 112,360 Newl— M ft.b.m Unfilled, end of month M ft.b.m-. 195,175 71,176 60,432 57,747 81,024 119,074 76,100 Prices, wholesale: 11.34 8.61 9.37 8.66 No. 1 common dolls, per M ft.b.m.. 8.93 Flooring, 1 x 4, " B " and better 22.42 21.72 20.64 20.50 20.02 20.60 21.22 dolls, per M ft.b.m-. Production! M ft.b.m.. 137, 428 99,826 88,634 79,681 89,977 96,244 113,255 Shipmentsi M ft.b.m-- 149,962 112,360 111, 464 95, 797 105,645 111,464 128,923 Hemlock, northern: 889 1,567 1,302 Production M ft.b.m.. 976 2,433 6,587 Shipments M ft.b.m.. 4,931 5,507 7,097 7,061 5,412 Pine, northern: 13,011 10,428 7,605 6,824 5,046 Orders, new M ft.b.m 8,792 7,035 6,689 4,406 2,628 2,234 Production... M ft.b.m.. 3,809 3,336 7,969 11, 788 6,482 5,826 Shipments M ft.b.m.. 11,984 6,657 9,783 5 Data for July, October, December 1932 and March 1933 are for 5 weeks; other months, 4 weeks. * New series. See p. 20 of November 1932 issue for earlier data. • Revised. 5 Data revised for 1932. For revisions for full year 1932 see p. 44 of the June 1933 issue. 8.93 8.97 20.80 94,454 105,645 20.68 81,920 82,815 1,598 4,314 1,458 1,843 2,088 2,868 2,305 3,109 6,139 1,296 6,298 4,643 0 5,403 4,218 0 4,126 4,954 0 4,379 45 SUEVEY OF CURRENT BUSINESS July 1933 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey May 1933 1933 May June July Novem- Decem- January Febru- March August Septemary ber ber October ber April LUMBER AND MANUFACTURES—Continued LUMBER—Continued Softwoods—Continued Pine, southern: Exports: Lumber § _M ft.b.m.. Timber § __M ft.b.m_. Orders: New _ M ft.b.m.. Unfilled, end of month M ft.b.m.. Price, flooring dolls, per M ft.b.m_. Production _ _M ft.b.m.. Shipments _ M ft.b.m_. Eedwood, California: Orders: New M ft.b.m.. Unfilled.. M ft.b.m.. Production _M ft.b.m.. Shipments M ft.b.m.. FURNITURE Household: All districts: Plant operations* percent of normal.. Grand Rapids district: Orders: Canceled percent of new orders.. New .no. of days' production.. Unfilled, end of month no. of days' production.. Outstanding accounts, end of month no. of days' sales.. Plant operations f percent of normalShipments __no. of days' production.. Southeastern district: Orders, 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. 1926=100.. Steel furniture. (See Iron and Steel Section.) 24,979 7,682 27,288 4,772 21, 634 8,921 23,985 6,173 20,109 2,278 24,454 6,787 20,876 5,254 18,232 5,024 17,300 7,684 21,427 4,831 179,843 92,049 18.56 115, 783 154,498 102,802 61, 740 19.60 100,303 101,528 95,947 43,572 19.52 90, 634 99,619 90, 715 149,149 134,018 144,316 90,589 45, 724 79,847 81,645 74,958 50,184 18.33 17.75 18.35 17.05 17.86 83,239 91, 241 80,181 113,467 99,470 94,038 125,056 127,280 154,329 107,000 67,529 44,014 17.37 75,161 73,690 95,685 57, 377 17.80 85,494 84, 271 75, 575 113,044 55,419 63,838 17.06 17.44 77,798 87,401 81,071 100,714 112,854 67,414 17.55 88,752 110,019 14,887 22,153 10, 702 16,326 12,300 18,456 11,329 14, 857 10, 791 19, 334 8,057 9,470 13,990 19,943 11,023 12,862 15,866 23, 247 10,829 11,921 15,415 22,798 11,101 15,636 12, 708 21,886 12,253 13,451 13,630 24,460 12,603 10,989 12,151 18,824 14,319 13,581 11,973 18,302 14,603 12, 269 13,744 17,493 12,147 14,207 17,965 37.0 23.0 28.0 24.0 26.0 9.0 44.0 43.0 39.0 33.0 27.0 18.0 27.0 8.0 18.0 8.0 4.0 11 6.5 10 7.5 14 9.0 11 13.0 18.0 5 7.0 7.0 13.0 6 7.0 7 10 10 11 25 33.0 24 22.5 20 19.0 7 19 10.0 5 19 14.0 18 24.0 62.1 89.5 74.1 73.6 19, 224 3,695 21,460 5,621 24, 781 6,902 19,113 9,804 15,731 21 16.0 19 22.0 21 14.0 7 21 22.0 27 31.0 12 27 34.0 12 10,213 25,814 8,820 20,106 20,850 20, 684 23, 799 36,325 26, 788 40, 252 22,407 43, 665 11,042 32, 549 9,290 16, 277 20,448 25,975 15,286 33,660 14, 298 17,259 35,962 68.6 89.5 95.3 89.5 95.3 64.4 89.5 91.4 64.4 89.5 78.4 69.8 64.4 89.5 91.4 64.4 89.5 91.4 69.8 63.9 89.5 91.4 63.9 89.5 91.4 62.1 89.5 87.5 73.6 62.1 89.5 87.5 73.6 62.1 89.5 74.1 73.6 62.1 89.5 74.1 73.6 METALS AND MANUFACTURES IRON AND STEEL Foreign trade, iron and steel: Exports § long tons.. 123,169 80,477 52,093 52,558 32,955 36,038 41,226 56,023 54,139 56,720 63,936 80,567 100,395 Imports *... long tons.. 26,295 39,751 34,487 18,496 23,623 29,241 33,706 34,924 29,390 21,892 19,748 22,114; 28,061 Price, iron and steel 28.16 28.35 28.69 28.31 29.12 29.32 29.32 28.93 29.62 29.33 29.54 29.48 composite dolls, per long ton.. 28.45 Sales, iron, steel, and heavy hardware 59 54 55 57 76 72 65 83 80 81 86 79 January 1921=100.. Ore Iron ore: Consumption by furnaces 772 593 634 661 696 607 630 731 645 697 735 918 thous. of long tons.. 1,266 15 45 21 14 40 75 25 19 16 8 7 80 17 Imports thous. of long tons.. Receipts: Lake Erie ports and fur9 0 448 0 0 614 299 0 470 619 549 naces thous. of long tons.. 39 116 28 0 353 0 0 88 57 0 105 78 172 220 79 Other ports _ thous, of long tons.. 83 0 901 0 0 722 234 250 0 640 641 111 927 Shipments from mines-.thous. of long tons.. Stocks, total, end of month 28,848 thous. of long tons.. 28,314 32,700 32,159 32,059 32,164 32,324 32,457 32,084 31,490 30,812 30,152 29,557 23,879 At furnaces thous. of long tons.. 23,407 27,167 26, 784 26,761 26,896 27,083 27, 234 26,893 26,328 25,680 25,047 24,486 4,969 5,071 5,105 5,132 5,162 5,241 5,533 5,268 5,191 5,375 5,223 5,298 Lake Erie docks thous. of long tons.. 4,907 Manganese ore, imports (manganese content) # 2 2 1 0 0 0 2 4 3 0 3 0 thous. of long tonsIron, Crude, and Semimanufactures Castings, gray-iron: Orders: 75 59 64 61 108 56 50 54 61 71 56 50 69 New.. av. tons per foundryUnfilled, end of month 51 47 49 65 49 52 41 49 44 49 48 51 58 av. tons per foundry— 68 65 69 99 62 66 77 59 78 74 65 65 78 Production av. tons per foundry.. 103 86 90 145 67 64 85 72 96 90 83 96 103 Receipts (materials)..av. tons per foundry.. 236 246 236 210 254 221 252 242 232 258 217 231 237 Stocks (materials) av. tons per foundryCastings, malleable: * F17,856 12, 380 11,077 12,404 14,304 14,504 10,582 12,850 8,658 7,776 Orders, new short tons.. 24,671 16,463 13,330 ' 17,871 9,756 13, 575 12, 577 14,128 13,622 10,051 12,274 9,447 6,804 Production short tons.. 24,628 16, 597 15,018 21.0 11.2 16.0 14.8 29.0 16.2 11.6 14.5 16.0 19.5 17.3 11.1 8.0 Percent of capacity 10,967 16, 666 14,068 14,248 14,366 9,746 11,615 8,631 12,745 Shipments.._ short tons.. 23,077 18,075 16,450 11,359 Pig iron: Furnaces in blast, end of month: 22,805 Capacity long tons per day- 33,160 22,965 18,955 17,525 16, 225 19,205 20,170 20,860 15,810 18,820 18,910 15, 580 38 45 45 42 63 42 51 53 46 46 49 Number 47 Prices, wholesale: 13.50 13.50 13.50 13.50 13.50 13.50 13.50 13.50 14.20 14.00 13.50 13.50 Basic (valley furnace)..dolls, per long ton.. 14.20 14.68 14.75 14.68 14.68 14.69 14.74 14.73 14.71 15.05 14.85 14.93 14.81 Composite pig iron dolls, per long ton— 15.45 Foundry, no. 2, northern (Pitts.) 16.39 16.39 16.39 16.39 16.39 16.39 16.39 16.39 16.39 16.59 16.39 16.39 dolls, per long ton.. 16.59 624 554 542 569 546 631 572 593 645 531 628 Production thous. of long tons.. 887 784 * New series. For earlier data see p. 20 of November 1932 issue (iron and steel imports) and p. 20 of the April 1933 issue (castings), Furniture activity, all districts, not published. # Imports from Cuba not included. t Revised. Earlier data not published. § Data revised for 1932. For revisions for full year 1932 see p. 45 of the June 1933 issue. 46 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the* 1932 Annual Supplement to the Survey SURVEY OF CURRENT BUSINESS 1933 1933 May July 1933 May June 1933 Decem- January FebruAugust SeptemOctober November ber ary ber July March April METALS AND MANUFACTURES—Continued IRON AND STEEL—Continued Iron, Manufactured Products Cast iron boilers and radiators: Boilers, gas-fired: Production _ thous. of B.t.u.. Shipments, quantity thous. of B.t.u._ Shipments, value dollars.. Stocks, end of month thous. of B.t.u.. Boilers, range: Orders: New number of boilers.. 92,265 Unfilled, end of month, total number of boilers.. 35,974 Delivery, 30 days or less number of boilers.. 34,335 Delivery, more than 30 days number of boilers.. 1,639 Production number of boilers.. 63, 724 Shipments. number of boilers.. 65,163 Stocks, end of month, .number of boilers.. 24,151 Boilers, round: Production thous. of lb._ 3,242 Shipments _ thous. of lb_. 2,403 Stocks, end of month thous. of lb._ 26,063 Boilers, square: Production _ thous. of lb— 12,140 Shipments thous. of lb— 6,412 Stocks, end of month thous. of lb— 111,099 Boiler fittings, cast iron: Production... short tons.. 2,919 Shipments short tons.. 4,191 Boiler fittings, malleable: Production short tons.. 2,140 Shipments— short tons.. 2,827 Radiators: Production.thous. of sq. ft. heating surface.. 3,754 Shipments.-thous. of sq. ft. heating surface.. 2,133 Stocks, end of month thous. of sq. ft. heating surface.. 33, 512 Radiators, convection type: New orders: Heating elements only, without cabinets or grilles.thous. of sq. ft. heating surfaced.. Heating elements, including cabinets and 241 grilles.thous. of sq. ft. heating surface#— Sanitary Ware Bathroom accessories: * Production. number of pieces.. Shipments— number of pieces.. Stocks, end of month number of pieces. _ Plumbing brass. (See Nonferrous metals.) Plumbing and heating equipment, wholesale price (8 pieces)* dollars- 183.93 Porcelain enameled flatware: Orders, new, total dollars.. Signs dollarsTable tops.... dollarsShipments, total dollarsSigns dollarsTable tops dollarsPorcelain plumbing fixtures: Orders: New, net number of pieces— 3,041 Unfilled, end of month..number of pieces.. 3,430 Shipments number of pieces.. 2,381 Stocks, end of month number of pieces.. 11,345 Vitreous china plumbing fixtures: Orders: New, net number of pieces.. 296, 264 Unfilled, end of month..number of pieces.. 307,118 Shipments... number of pieces- 187, 933 Stocks, end of month number of pieces. _ 340, 218 Woodwork, plumbers': Orders: New, net _ number of pieces.. Unfilled, end of month_.number of pieces.. Shipments number of piecesStocks, end of month number of pieces. 12,416 16,820 37,732 58,786 100,732 87,771 57, 723 48,281 49,406 76,265 91,465 94,748 55,874 60,321 47,751 79,831 81,844 97,193 666,109 615,225 613,533 591,220 555,483 531,238 83,731 58,680 52,446 563,333 9,207 42,911 41,382 521,374 44,883 35,891 26, 555 30,750 39,326 51,073 35,551 27,564 7,890 9,224 5,304 6,585 6,900 8,320 6,333 8,073 5,974 5,993 3,260 4,952 5,290 6,917 4,591 5,639 1,916 43,434 43,430 24,694 3,231 34,960 34,557 25,097 2,044 32,124 30,475 26,746 1,633 28,796 29,469 26,073 1,610 37, 297 39,011 24,359 1,403 48,912 49, 653 23,618 1,742 36,923 37, 538 23,003 2,392 2,685 37,920 1,881 2,799 37, 239 1,680 3,240 35, 794 2,225 3,891 34, 273 3,648 6,225 31,963 6,220 8,896 29,617 5,874 9,142 6,140 9,276 6,868 8,181 128,244 126,505 126,826 9,734 13,653 123,174 13,793 19,113 118,280 64,989 48,454 20,837 42,662 42,169 29,004 38,243 26,543 25,979 528,238 559,851 554,391 44,681 22,918 20,025 583,037 35,774 »29,801 36, 338 39,024 6,016 6,247 4,967 8,872 3,586 4,146 3,289 7,397 2,434 29,375 27, 582 26,195 2,101 2,430 39,991 27,042 37,831 • 29,570 28,355 25,827 1,678 38, 251 37, 618 25,843 1,475 34, 866 35,119 25, 590 3,639 4,704 28,734 1,823 3,552 26,863 2,035 2,102 24, 517 2,279 2,133 24,736 1,811 1,772 24, 235 2,393 1,792 24,927 16,824 25,845 109,730 11,003 13,335 107,572 4,918 10,434 101,448 7,602 6,144 5,567 6,410 99,032 100,585 6,211 4,860 100,409 9,613 4,465 105,457 1,863 3,189 1,760 2,908 1, 455 2,029 1,655 2,665 2,426 3,461 3,187 3,954 2,787 3,019 1,717 2,165 1,401 2,319 1,514 2,161 1,592 2,228 1,577 2,322 1,526 1,925 1,267 1,622 1.274 1,503 1,229 1,537 1,743 2,215 2,128 2,027 1,804 1,701 1,025 1,115 995 1,375 1,088 1,433 1,100 1,302 1,284 1,586 1,857 2,726 1,894 2,917 1,388 3,392 1,975 4,340 2, 751 5,331 4,472 7,630 4,299 4,816 3,236 3,474 2,547 2,001 2,992 1,634 3,002 1,605 38,748 37,868 35,935 33,688 31,270 28,363 27,967 27,838 28, 250 29, 646 2,231 1,542 30, 417 71 103 85 156 126 87 48 54 70 165 211 180 155 142 33,453 29,620 30, 785 28,664 35,136 35, 415 33,666 31, 673 42, 555 45,811 668,862 667,842 660, 518 646, 627 644,438 34,182 49,410 621,195 25,138 36, 360 613, 227 24,095 23,623 612, 702 192. 43 192. 63 186.40 385,718 362, 371 172, 933 216,931 77, 681 46,475 404, 273 389,683 172,467 232, 611 83, 551 55,899 236, 234 87,158 48, 685 249,817 101,148 48, 202 218 191 196 191. 33 190.97 192.96 192. 31 192. 57 193. 28 519, 270 216,077 90, 377 528,084 222,803 91, 527 450,013 202,098 87, 486 475,787 206, 686 96, 276 349, 496 148,089 52,011 406,066 193, 279 54, 218 366, 279 131, 644 75, 650 422, 290 175,715 83,075 412,119 123,861 94,831 453,808 159,400 101, 582 460,683 157, 678 123,484 461,617 146,812 121,222 1,465 3,289 1,519 16,302 1,960 3,141 1,789 15,324 2,079 3,240 1,878 15,036 3,217 3,455 2,991 14,479 3,628 3,980 3,021 13, 560 2,788 3,747 2,900 14, 580 2,547 3,405 2,799 13,053 1,708 3,124 1,833 13,838 100,969 98,156 77,424 86,721 118,837 109,923 109, 297 91, 738 87,601 111, 126 92, 751 98, 782 94,983 91,061 523,324 520,194 512, 697 504,039 486,470 65,426 83,826 66,437 496,039 92, 254 112, 636 77,247 95,232 141,736 94, 226 69,355 81, 288 80,112 70, 669 77,443 78,670 98,447 100,703 78,423 104, 675 134,962 94,392 149,500 145, 224 140, 272 135,110 118,921 117, 633 71,413 78,157 71,926 115, 330 104,093 132, 748 '114,847 '539, 692 31,992 35 123 24,033 27,088 608,851 20,119 14, 315 33, 562 29, 698 593, 720 420, 318 182.00 182.03 278,361 344, 763 102,219 144, 615 59,574 75,177 271,694 324,114 113,582 126, 671 50,424 72,983 471,456 191, 658 121,182 385,865 146, 543 104,820 2,104 2,991 1,936 11,490 1,698 2,776 1,885 11, 339 56,687 85,480 57, 594 518, 245 80,283 77,531 118, 697 79,903 76,802 99, 332 89, 395 80, 632 96,167 506,126 472,472 443,858 245,024 198, 787 145, 569 391,369 55,366 60,967 72,330 111, 847 71,303 70,737 77,781 72,684 72,657 71,170 60,400 70,764 79, 268 112, 416 112, 457 113,953 97,851 77, 592 88, 467 106, 715 1,643 2,888 1,442 13,343 182.80 1,404 2,884 1,399 11,811 Steel: Crude and Semimanufactured 14,406 13,144 13,431 7,229 9,572 12,209 8,726 Bars, steel, coldfinished,shipments.sb.ort tons. 11,934 13,253 14,196 12,759 16, 624 Castings, steel: Orders, new, total short tons.. 20, 755 11,111 12,488 9,301 10,147 11,882 11,896 14, 507 12,942 11,857 11,458 13, 235 13,283 Railroad specialties short tons.. 3,642 1,968 1,531 2,784 2,843 1,971 4,692 3,337 2,489 2,998 2,918 2,680q 3,088 Q Q Percent of capacity 14 7 6 8 8 9 8 10 8 9 Production, total. short tons— 18,991 14, 225 12,507 11,460 12,331 11,334 12,531 13, 712 13,886 13,951 12,438 13, 209 12,071 Railroad specialties short tons— 3,470 2,609 2,465 3,010 2,379 3,285 2,520 2,806 2,259 2,617 3,672 2,721 2,753 Percent of capacity 13 10 9 9 10 9 9 10 Ingots, steel: t Production thous. of long tons.. 2,002 • 1,125 °910 "913 »807 •1,363 «861 • 1,030 «1,087 «847 •992 «1,087 • 1,032 Percent of capacity 34 « 21 « 16 15 25 20 16 19 18 15 18 Prices, wholesale: Composite,finishedsteel dolls, per lb_. .0208 .0210 .0217 .0206 .0217 .0217 .0217 .0212 .0210 .0216 .0214 .0216 .0215 Steel billets, Bessemer (Pittsburgh) dolls, per long ton.. 26.00 27.00 26.50 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 26.00 • Revised. * New series. For earlier data, see p. 20 of the January 1933 issue (price series). Earlierfigureson bathroom accessories and convection type radiators not published, t Represents a subsequent revision for the year 1932. January 1,485; February 1,481; March 1,433; April 1,260. #In equivalent direct radiation. Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 47 SURVEY OF CURRENT BUSINESS July 1933 1933 May 1932 May June 1933 Decem- January FebruAugust SeptemOctober November ber ary ber July March April METALS AND MANUFACTURES—Continued IRON AND STEEL—Continued Steel: Crude and S e m i m a n u f a c t u r e d Continued Prices, wholesale—Continued Structural-steel beams (Pittsburgh) dolls, per lb_. Steel scrap (Chicago).dolls, per gross t o n . . U.S. Steel Corporation: Earnings, net thous. of dolls Orders, unfilled, end of month thous. of long tons.. .0160 8.45 .0160 6.40 .0160 5.69 .0160 4.88 .0160 5.75 3,363 1,930 2,177 2,035 .0160 6.25 d d 1,966 1,970 .0160 6.00 .0160 5.93 4,475 1,985 .0160 5.25 d 1,997 .0160 5.25 .0160 5.25 3,828 1,968 .0160 5.25 d 1,899 1,854 .0160 6.00 3, 795 1,841 1,865 453,083 510, 737 269, 755 373, 340 19.7 27.2 272,432 371,945 24,075 25,470 526,491 401,086 Steel: Manufactured Products Barrels, steel: Orders, unfilled, end of month number. Production number. Percent of capacity Shipments numberStocks, end of month numberBoilers, steel, new orders: Area thous. of sq. ft. Quantity number of boilers. Furniture, steel: Business group: Orders: New thous. of dolls. Unfilled, end of month..-thous. of dolls. Shipments thous. of dolls. Shelving: Orders: New .thous. of dolls. Unfilled, end of month. ..thous. of dolls. Shipments .thous. of dolls. Safes: Orders: New ..thous. of dolls. Unfilled, end of month..-thous. of dolls. Shipments thous. of dolls. Lock washers, shipments thous. of dolls. Plate, fabricated steel, new orders, total short tons. Oil storage tanks short tons_ Sheets, black, blue, galvanized, and full finished: Orders: New short tons. Unfilled, end of month short tons. Production, total .short tons. Percent of capacity Shipments short tons.. Stocks, end of month, total short tons.. Unsold stocks ..short tons. Structural steel, fabricated: Orders, new _.. _ ..short tons. Percent of capacity Shipments short tons.. Percent of capacity Tin and terne plate: * Production ...thous. of long tons.. Track work, production short tons.. 614, 214 977,857 790,623 465,418 434, 092 651,916 30.0 45.0 33.9 467,695 432, 455 654,561 33,172 21, 773 35,817 29.2 402, 506 24,050 396 328 245 263 322 328 351 331 291 403 467 443 232 379 316 301 156 215 218 197 128 176 245 193 225 235 552 413 512 634 478 653 655 462 672 554 493 522 574 524 543 551 536 578 577 582 622 577 577 582 589 551 611 552 521 583 449 505 464 419 442 482 447 374 405 171 173 167 152 217 196 187 226 177 114 185 155 125 169 141 153 180 146 144 181 142 139 194 125 153 142 135 106 127 121 117 139 104 142 143 138 160 169 134 100 190 120 220 115 102 102 180 143 78 116 207 89 58 129 219 118 43 97 214 102 50 94 200 108 52 98 191 107 66 102 84 171 82 82 112 117 209 106 59 117 90 16, 243 2,858 11, 788 2,360 18,383 2,808 12,485 3,661 11,916 4,394 11,109 3,753 16, 737 5,941 7,873 1,446 11,128 1,501 16, 588 8,347 8,903 1,270 « 9, 502 2,983 144,192 136, 592 139,696 43.1 119,159 91,414 85, 228 96,180 25.8 106, 893 121, 366 74,966 85,191 85,195 85, 232 22.8 90,157 121,946 74, 642 66, 301 66,132 81, 283 77,432 57,417 60,956 15.3 16.3 61, 284 73,191 114,518 107, 680 58, 651 68,450 78,925 86,570 89,817 23.9 75,490 107, 624 58, 797 80, 550 75,615 77, 509 83, 760 85,337 91, 723 27.8 25.9 72,772 79,234 94,783 100, 688 54, 831 57,296 83,295 91,993 64, 724 19.6 74, 880 95, 606 52,199 118, 594 111,311 111,942 34.5 100,353 91, 859 47,815 90,800 23 73, 600 18 86,800 22 83, 200 21 69,200 17 83, 600 21 78,800 20 85,600 21 111, 200 28 90,800 23 74,400 19 86,400 22 51, 600 13 76, 000 19 145,600 36 68,800 17 3,061 101 1,975 83 1,890 75 1,797 77 1,430 88 1,245 82 1,765 80 1,845 85 1,984 1,822 82 2,013 94 1,662 795 111 414 270 997 267 452 278 578 48 332 198 546 35 290 221 632 38 334 260 739 48 360 331 670 72 287 311 554 93 230 231 411 62 209 141 345 41 186 118 350 60 187 103 412 80 235 97 47 396 48 61 425 30 13 422 18 37 401 51 67 414 61 31 222 42 36 209 43 12 220 29 13 177 44 21 189 196 32 39 228 7 32,379 41, 798 116 39,409 43, 693 49 17, 371 15, 685 78 34,627 28,099 63 25,259 33,122 69 26,829 31,810 78 26,266 28,772 46 18,792 22,102 18.5 19.7 24.5 14.2 23.1 11.1 18.7 25.8 16.5 18.6 15.2 29.8 11.9 17.6 10.2 23.2 24.4 17.6 11.8 22.4 14.5 18.6 13.3 24.7 68.4 58.5 23.2 16.1 60.0 14.6 9.8 50.4 19.7 19.4 14.7 55.1 4,899 544 4,867 10,067 4,371 473 4,442 10,137 4,688 568 4,593 9,850 7,319 647 7,240 9,645 11, 621 1,071 11,197 8,319 12,036 939 12,168 6,772 3,920 464 4,395 6,935 3,371 779 3,074 1,694 646 1,827 7,813 1,956 311 2,019 7,534 2,878 615 2,574 7,162 2,755 526 2,844 7,526 0 0 0 0 0 0 0 0 0 0 4 0 12 0 0 7 51,295 145 1,768 MACHINERY AND APPARATUS Air-conditioning equipment: Orders, new, total thous. of dolls.. 580 106 Air-washer group thous. of dolls.. 308 Fan group thous. of dolls.. 167 Unit-heater group thous. of dolls.. Electric overhead cranes: Orders: New thous. of dolls.. Unfilled, end of month thous. of dolls.. Shipments thous. of dolls.. Electrical equipment. (See Nonferrous metals.) Electric hoists: Orders, new: Quantity no. of hoists.. Value ..dollars.. Shipments ...dollars.. Exports, machinery. (See Foreign Trade.) Foundry equipment: Orders: 25.6 New 1922-24=100.. 16.8 Unfilled, end of month 1922-24=100.. 24.5 Shipments 1922-24=100.. Fuel equipment: Oil burners: Orders: 3,562 New no. of burners.. 675 Unfilled, end of m o n t h . . . n o . of burners.. 3,413 Shipments no. of burners.. Stocks, end of month .no. of burners.. 7,815 Pulverized fuel equipment: Orders, 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 k i l n s . . . n o . of pulverizers.. Water-tube boilers no. of pulverizers.. d 1 Deficit for Revised. 729, 669 617,165 613,373 475,318 387,050 330, 359 275,354 352,614 362,993 395,640 422,637 373,190 300,570 292,201 26.0 28.4 30.2 26.7 24.6 21.6 21.0 353,336 360, 509 398, 241 417,470 376, 647 307,372 292,609 32,333 37, 500 34,043 32,450 34,934 26,752 27,160 quarter. 94, 656 66,274 90, 707 77,339 108, 111 90, 679 28.7 26.6 92,424 76,866 105,833 103,321 60, 257 60,177 116 65 9,510 3,154 76,962 84,390 77,489 22.7 67.412 94, 658 57.413 7,812 1 0 0 0 0 0 5 3 10 " New series. For earlier data see p. 20 of the December 1932 issue. 84 48 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, 1933 together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey May July 1933 1932 May June July 1933 Decem- January * * £ * March August SeptemOctober November ber ber April METALS AND MANUFACTURES—Continued MACHINERY AND APPARATUS-Con. Fuel equipment—Continued Stokers, mechanical, new orders: Class 1, residential * number.. Class 2, apartment and small commercial * _ .number.. Class 3, general commercial and small commercial heaters * number.. Class 4, large commercial: * Number Horsepower Machine tools: Orders: New 1922-24=100.. Unfllled, end of month 1922-24=100._ Shipments 1922-24=100.. Pumps: Domestic, water, shipments: Pitcher, hand, and windmill units. _ Power, horizontal type— units.. Measuring and dispensing, shipments: Gasoline: Hand operated units.. Power units.. Oil, grease, and other: Hand operated units.. Power ..units.. Steam, power, and centrifugal: Orders: New thous. of dolls.. Unfilled, end of month...thous. of dolls.. Shipments thous. of dolls.. Water-softening apparatus, shipments, .units. _ Water systems, shipments units.. Woodworking machinery: Orders: Canceled _ thous. of dolls.. New _ _ thous. of dolls.. Unfilled, end of month thous. of dolls.. Shipments: Quantity machines.. Value thous. of dolls.. NONFERROUS METALS AND PRODUCTS Metals Aluminum: Imports, bauxite ..long tons.. Wholesale prices: No. 1, virgin, 98-99, N.Y dolls, per lb._ Scrap, cast, N.Y dolls, per lb._ Babbitt metal: Production, total thous. of lb.. For own use.. thous. of lb_. Sales thous. of lb._ Copper: Exports, refined§ short tons.. Imports, total§ short tons.. Ore and blister short tons.. Price, electrolytic, N.Y ..dolls, per lb._ Gold. (See Finance.) Lead: Ore: Receipts in U.S. ore short tons.. Shipments, Joplin district short tons.. Refined: Imports short tons.. Price, pig, desilverized, N.Y-.dolls. per lb_. Production... short tons.. Shipments, reported._ short tons.. Stocks, end of month short tons.. Silver. (See Finance.) Tin: Consumption in manufacture of tin and terneplate * long tons.. Deliveries.. ..long tons.. Imports, bars, blocks, etc long tons.. Price, Straits, N.Y dolls, per lb__ Stocks, end of month: World, visible supply long tons.. United States long tons.. Zinc: Ore, Joplin district: Shipments.. short tons.. Stocks, end of month short tons.. Price, slab, prime, western (St. Louis) dolls, per R^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.. I 357 293 312 432 757 1,248 1,299 709 521 251 307 252 19 33 43 44 143 200 167 89 55 24 27 18 218 42 16 14 46 82 100 102 50 64 33 29 22 15 93 23,212 69 12,689 113 25,096 114 25,068 137 26,056 166 29,139 117 20,819 91 13,283 98 18,375 63 12,248 55 11,113 84 16, 550 57 13, 599 28 33 23 39 65 32 37 76 22 25 76 27 28 78 30 29 60 43 27 41 45 32 42 29 36 45 32 32 49 26 15 35 27 13 28 22 16 27 20 30, 755 496 19, 532 527 23, 712 747 18,680 388 19,983 412 22, 595 324 14,247 334 12,415 331 12,772 256 17,819 258 18, 303 269 19,073 303 22, 778 350 2,450 6,088 2,937 6,693 3,080 6,883 2,573 5,619 2,411 5,697 1,731 4,316 1,813 4,692 1,681 4,442 1,080 2,941 1,144 2,974 965 3,221 1,418 4,048 1,745 4,925 32,849 497 39,479 675 36,707 532 21,965 366 23, 752 751 28, 305 1,647 25,105 972 30,031 493 20,408 355 14,754 401 14,918 290 15, 651 367 20,958 576 511 1,126 474 215 5,605 488 1,693 516 286 6,209 441 1,559 571 237 6,769 391 1,450 493 154 5,441 387 1,369 437 185 5,818 437 1,333 450 263 5,088 387 1,310 399 217 3,999 368 1,193 378 185 3,188 359 1,051 494 182 2,258 277 1,012 310 208 3,533 424 1,103 318 190 2,908 404 1,066 434 171 2,778 466 1,093 435 167 3,706 3 272 290 4 165 248 4 163 237 1 162 289 1 139 249 2 187 256 161 221 5 147 195 11 167 171 2 124 179 5 113 187 97 201 2 138 205 149 191 120 152 126 174 113 114 195 173 114 175 153 193 134 164 159 175 100 111 104 98 63 81 82 132 18, 345 19,235 16, 386 15,844 10,809 11,008 11,553 10,481 9,546 10,777 11,176 10,974 4,807 .2290 .2290 .0362 .2290 .0303 .2290 .0300 .2290 .0300 .2290 .0300 .2290 .0315 .2290 .0400 .2290 .0400 .2290 .0400 .2290 .0400 .2290 .0400 .2290 .0416 2,111 325 1,786 1,346 398 948 1,319 461 858 1,276 405 871 1,320 325 994 1,406 298 1,108 1,573 381 1,193 1,265 321 945 1,149 326 824 1,346 272 1,074 1,178 260 918 1,135 193 942 1,544 274 1,270 10,976 11,120 9,889 .0670 16,852 18, 242 7,110 .0524 10, 679 28,139 15, 719 .0515 7,576 4,936 4,936 .0505 8,240 8,329 7,881 .0522 15,821 7,067 6,277 .0598 8,318 6,636 6,609 .0573 5,839 4,944 4,944 .0513 9,826 10,301 9,604 .0481 12. 567 8, 768 8,187 .0478 12, 515 8,004 8,004 .0478 12,139 8,563 8,548 .0501 10, 644 7,214 5,423 .0540 2,772 23, 578 1,277 24, 584 952 20, 939 976 20, 333 770 20,421 1,346 20,755 2,615 21, 245 1,990 25,465 2,298 22, 580 1,887 22, 299 1,915 24,037 2,298 17, 835 2,552 20 .0365 19, 405 28,197 197.109 1,626 .0300 25,902 25,105 174, 452 5,534 .0299 26,068 22,295 181,044 5, 470 .0275 15,819 20, 448 180,978 381 .0324 17,118 29,624 175,907 5, 563 .0347 20,498 27, 682 173,159 1,220 .0305 21,092 31,045 171,445 1,113 .0305 24, 465 23, 065 175, 532 480 .0300 21,173 24, 089 176,157 200 .0300 24, 615 19,030 184, 693 2,531 .0300 20, 033 17,349 189, 751 66 .0315 24,684 21,950 194.251 183 .0326 23,385 « 25,378 196,827 2,260 4,835 5,725 .3591 1,500 3,135 3,725 .2095 1,600 3,540 3,234 .1964 1,400 2,265 3,098 .2093 1,200 2,585 2,399 .2296 1,100 2,680 2,668 .2476 1,400 3,130 3,063 .2392 1,300 3,240 2,582 .2332 1,300 2,645 3,786 .2269 1,360 3,725 2,802 .2270 1,400 3,045 2,262 .2350 1,310 3,330 2,830 .2434 1,460 4,555 4,274 .2715 41, 883 3,036 50, 562 3,981 48,945 3,759 49,125 4,559 47,177 4,459 47, 739 4,191 47, 048 4,291 47,471 3,441 45, 796 4,496 44, 223 3,461 43,160 2,741 43, 528 2,281 42, 541 2,040 13,869 18,108 13, 469 84, 581 13,992 74,069 7,745 70, 454 7,192 67, 902 12,032 64,136 24, 715 51, 201 22, 280 42,891 23,948 37, 500 30,875 24,515 22, 262 18,343 10,976 19,987 19,830 17,167 .0381 21,730 23, 569 27, 543 27, 543 136, 634 .0253 18, 605 20,850 18,050 18,050 132, 575 .0278 16, 423 18, 742 14,971 14, 951 134, 027 .0254 14, 716 18,295 12, 841 12, 841 135,902 .0276 13,611 14, 514 16, 360 16, 321 133,153 .0332 13, 260 14,915 20, 638 20, 618 125, 775 . 0303 15, 217 17, 369 19,152 19,132 121,840 .0309 16,078 19, 753 15,970 15,950 121,948 .0312 18,653 21,023 15, 745 15, 725 124,856 .0302 19,828 22, 660 15, 040 15, 000 129, 644 .0267 20,076 23,389 15, 280 15,280 134,440 .0299 22, 095 22,375 16,156 16,156 140,379 .0330 21,449 22, 405 19,381 19,336 142,447 2,303 1,865 1,272 1,129 1,180 1,877 1,984 1,705 1,045 1,341 1,622 846 1,091 688 427 1,792 220 106 100 591 620 334 205 247 211 2,157 Electrical Equipment Conduit, nonmetallic, shipments.-thous. of f t . . Delinquent accounts, electrical trade. (See Domestic trade.) Furnaces, electric, new orders kilowatts.. « Revised. • New series. For earlier d a t a see p . 19 of the J a n u a r y 1933 issue (stokers) and p . 20 of December 1932 issue (tin consumption). § D a t a for 1932 revised. For revisions for full year 1932 see p . 48 of the June 1933 issue. 49 SURVEY OF CURRENT BUSINESS July 1933 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey May 1933 1932 May June Decem- January FebruAugust SeptemOctober November ber ary ber July March April METALS AND MANUFACTURES—Continued NONFERROUS METALS AND PRODUCTS—Continued Electrical Equipment—Continued E ectrical goods, new orders (quarterly) thous. of dolls Laminated phenolic products, shipments dollars.. Mica, manufactured: Orders, unfilled, end of month thous. of dolls.. Shipments.. thous. of dolls.. Motors (direct current): Billings (shipments) .dollars.. Orders, new _ dollars.. Panel boards and cabinets, shipments thous. of dolls. _ Porcelain, electrical, shipments: Special.. dollars.. Standard _ dollars.. Power cables, shipments thous. of ft.. Power switching equipment, new orders: Indoor. .dollars.. Outdoor dollars.. Radiators, convection type. (See Iron and steel.) Reflectors, industrial, sales. _.units_. Vacuum cleaners, shipments .number.. Vulcanized fiber: Consumption 1__thous. of lbs.. Shipments _ thous, of dolls.. Welding sets, new orders: Multiple operator units.. Single operator _ units.. Miscellaneous Products Brass and bronze (ingots and billets): Deliveries net tons.. Orders, unfilled, end of month net tons.. Brass, plumbing: Shipments * number oi pieces. Brass sheets, wholesale price, mill dolls. perlb._ Copper, wire 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.. Production ..thous. of sq. ft— Shipments thous. of sq. ft— Stocks, end of month. ..thous. of sq. ft— Fire-extinguishing^ equipment. (See automobiles.) 73,881 75,319 560,582 386,001 57 61 444, 588 327,913 284,779 375,849 44 49 49 47 55 55 219, 293 175,105 203, 503 169,691 379,687 325,004 299, 259 294, 230 311,439 391,055 29 28 46 48 50 58 191,601 163,242 160,016 129,488 150,283 186,285 108,871 '136, 566 150, 571 149,407 134,651 137,704 124,546 146,813 133,950 83,679 168, 266 141,313 34 53 48 456,720 51 56 46 65 45 56 128, 786 118,359 156 188 176 193 179 142 147 173 191 146 137 157 25,479 15,030 684 22,468 15,295 646 32,074 19,121 246 34,805 19,488 592 37,257 20.820 544 49,051 22, 688 420 42, 664 15, 715 343 29,007 11,450 282 20,310 14,721 254 27,897 15,770 439 38,311 17,188 285 25,722 17,197 288 23,161 35, 936 17,876 52,388 17,695 52,695 15,472 50,108 22,064 48,058 20,316 45,139 13,345 26,216 15,343 38,000 17,703 58,618 19,799 42,173 25,096 33, 784 10, 812 36,482 17,356 74,979 32,142 32, 327 39,068 33,163 30,299 22,061 21,697 35,094 30,088 37,736 33.821 38,453 38, 000 35,327 36,178 29,699 38,727 27,668 28,462 25,952 30,106 25,381 43,340 30,223 37,934 903 245 948 188 876 204 811 192 874 187 206 1 57 1 70 1,421 14,952 1,586 15,991 2,274 16,408 749,424 748,916 604,154 641,498 789,862 837, 258 637,923 446,608 493,477 585,796 563,660 1,357 285 753 216 494 208 664 203 753 255 1,047 260 2 94 4 70 0 71 2 88 0 70 0 64 3,804 16, 712 1,707 17,760 1,397 17,421 1,758 18,790 2,112 18,336 1,969 17,002 1,920 18,186 1 101 1,646 16, 648 1,492 16,373 1,261 15,934 .122 .123 .120 .120 .120 .124 .125 .125 .125 .110 .110 .110 .115 486 584 381 271 281 760 564 200 93 194 222 950 535 209 71 213 197 949 501 253 126 199 241 533 310 117 281 283 878 525 309 103 299 306 865 503 288 103 308 276 901 506 301 115 289 275 800 507 249 130 253 227 921 487 275 106 241 257 518 257 110 220 220 863 542 317 118 267 265 832 549 281 102 256 238 845 PAPER AND PRINTING WOOD PULP Chemical: Consumption and shipments total 151,876 137,842 132,876 151,502 157,202 172,764 163,454 143,140 159,268 163,366 short tons. 20,580 20,066 21, 274 21,106 20,572 17,284 21,190 16,446 21,900 Soda. ___ short tons. 16,910 88,120 99,404 103,368 111, 602 107, 684 Sulphite, total short tons. 92,870 96,036 108,022 113,326 101,416 43,314 31,394 29, 276 30,138 44,500 37,158 32,466 34,972 34,784 35,672 Bleached short tons. 22,744 17,466 22,364 17,576 18,010 24,274 24,590 22,756 23,646 Unbleached short tons. 19,122 30,040 28,030 26,936 30,034 29,290 39,294 29,596 34,736 32,076 28,058 Sulphate __ .short tons. 626 536 874 496 598 684 594 652 462 Other grades ..short tons. 502 62,409 78,921 71, 692 61,127 73,721 98,431 78,095 119,612 142,363 146,289 138,971 66, 555 Imports§ _ short tons.. 82,176 Price, wholesale, sulphite, unbleached 1.53 1.53 1.53 1.53 1.53 1.58 dolls, per 100 lbs.. 1.58 1.58 1.58 1.53 1.58 1.58 1.58 Production, total__ short tons. 155,830 147,038 134,774 151, 632 159,028 175,610 164,856 144,150 165,182 162, 710 16,448 19,934 18,978 20,094 Soda ..short tons._ 19,852 21,102 16,192 22,676 17,892 19,604 95,036 111,610 112,602 99,644 103, 586 111, 452 108,152 Sulphite, total— short tons— 98,682 102,738 31, 558 41,422 30, 546 Bleached short tons.. 41,964 35, 240 32,124 34,906 27,480 35,940 17,916 24,012 27,288 28,008 21,556 19,976 Unbleached short tons. 23,582 26,424 24, 238 21,408 31,992 31,162 30,466 Sulphate .short tons. 29,652 30,096 29,042 33,080 34,840 42,366 36,604 674 732 664 368 764 Other grades short tons— 558 496 558 750 690 28,624 50,128 Stocks, end of month, total short tons 54, 536 32,020 29,148 34,184 35,740 38,830 30, 534 3,318 Soda ..short tons— 2,840 2,368 3,224 4,418 3,498 2,942 3,706 3,896 3,504 20,464 26,768 27,092 29,558 46,744 43,680 24,694 Sulphite, total short tons. 21,846 27,412 22,378 5,166 6,544 5,156 5,814 20,038 6,312 Bleached short tons. 23,116 6,074 4,748 6,140 5,268 6,950 6,818 7,452 13,602 14,996 6,484 5,744 Unbleached _ short tons. 7,186 6,152 3,822 4,528 3,712 4,488 4,510 3,658 3,644 Sulphate.. _ short tons. 4,646 4,080 4,252 510 206 454 442 422 434 304 Other grades short tons. 400 Mechanical (ground wood): 81,382 76,171 98,102 105,842 Consumption and shipments short tons.. 91,706 89,437 98,460 91,772 92,235 81,148 7,949 9,064 8,210 5,594 Imports _ short tons.. 18,084 17,403 17,896 24,956 14,169 13,115 17,876 11,626 78,665 73,985 90,780 74,998 92,452 Production _ .short tons._ 85, 573 97,646 73,006 112, 325 77,397 52,028 57,531 49,842 66,955 Stocks, end of month.. .short tons.. 60,294 95,769 58,457 81,394 109,918 103,911 PAPER Total paper, incl. box board and newsprint: Production short tons— 505,998 481, 633 447,364 494,569 496,492 542, 247 500,379 462,470 454,618 52 53 58 58 62 56 55 Percent of capacity _ 59 52 60 Shipments... short tons— 518,522 499,146 505, 336 528,413 551,460 574,761 517,611 472,198 479,892 Stocks, end of month short tons— 420,535 430,519 408,278 403,472 381,665 359,847 366,685 363,962 349,389 Book paper: Orders, new: 49 Coated percent of normal production.. 53 47 43 Uncoated...percent of normal production.. a * New series. Data prior to October 1931 not published. § Data revised for 1932. For revisions for full year 1932 see p. 49 of the June 1933 issue. Revised. 50 SURVEY OF CURRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May July 1933 1932 May June July August 1933 Septem- October Novem- Decem- January Februber ber ber ary March April PAPER AND PRINTING—Continued PAPEE—Continued Book paper—Continued Orders, unfilled: Coated number of days' production.. Uncoated number of days' production.. Production short tons.. Percent of capacity Shipments. short tons.. Stocks, end of month short tons.. Box board: Consumption, waste paper short tons.. Orders: New short tons— Unfilled, end of month short tons.. Production short tons „ Operations, percent 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 tons.. Production short tons.. Shipments from mills. short tons.. Stocks, at mills, end of month_short tons.. United States: Consumption by publishers...short tons.. Imports.. short tons.. Price, rolls, contract, destination, N.Y. basis dolls, per short ton.. Production, total... short tons.. 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.. Percent of capacity.. Shipments short tons.. Stocks, end of month short tons.. Wrapping paper: Production short tons.. Percent of capacity Shipments short tons.. Stocks, end of month short tons.. AH other grades: Production short tons.. Shipments short tons.. Stocks, end of month short tons.. 3 4 86,858 59 115,616 78, 294 4 4 83,905 58 121,628 70,778 196,910 228,116 197,306 155,729 158,458 205,783 53,331 180,421 61.4 188,103 74,237 199,119 48,536 201,777 61.6 203,932 72,083 163,128 33,575 179,094 58.1 178,189 72,491 152,807 33,490 157, 357 45.7 152,874 76,173 154,497 48.2 154,280 174,756 160,794 172,693 160,600 23,897 26,666 30,448 31,325 24,370 131,780 142,491 145,431 47,017 152,761 157,919 154,881 50,029 119,277 150,691 142,633 48,062 148,935 157, 506 157,568 48,411 153,569 161,334 164,327 45,461 136,993 138, 682 140,770 42, 337 127,779 140, 539 133,056 49,837 107,446 124,788 120,094 54, 515 138,005 137,078 140, 694 50,872 113,139 148,377 161,040 37, 232 138, 204 145,992 131,823 138,856 123,873 147, 669 127,425 133,830 144,993 148, 291 145,889 155,499 132,761 135,430 127,446 130,917 116,307 94,908 123,402 114, 500 132,032 139,213 53.00 85,399 84, 255 53.00 74, 502 76,857 53.00 79, 529 77,340 51.25 70,621 73,234 45.00 76,731 76,922 45.00 81,662 83,922 45.00 80,075 79,002 45.00 74, 356 72,637 45.00 67,665 45.00 76, 521 77,933 40.00 <* 74, 534 o 76,085 <* 34,358 35, 502 182, 507 186, 672 31,692 25,361 33, 369 182,725 28, 561 35,982 188,436 23,195 33,095 181,613 26,191 32, 790 165,459 29,586 30, 581 171, 798 28, 758 21,783 172,272 24,171 23, 502 166,954 24,601 23,363 157,489 27, 347 23,005 149, 971 23,691 21,171 139,637 27,066 3 3 86,301 59 109,919 83,414 4 4 73,701 52 114,975 79,494 3 5 84,756 46 116, 585 78,063 163,746 164,808 170,656 166,395 31,391 170,383 53.0 167,611 81,154 166,129 29,802 171,093 51.0 167, 728 84,501 161,777 23,192 164,352 50.5 169,776 79,922 168,915 153, 663 27,992 168, 719 171,776 165, 520 43,428 83,400 51 118,100 76,814 163,909 182,701 35,864 173,805 51.5 171,486 81,805 160,118 151,343 26,145 29,775 151,758 173,279 170,642 a 52,971 155,896 161,368 164,310 50,029 160, 773 157, 314 152, 321 175, 876 40.00 79, 516 77,196 53.00 *86,890 * 88,126 23, 560 137,451 24, 290 85,583 64 119,074 74,671 157,245 76,473 173,415 26,481 26, 294 52 25, 531 55,906 21,970 43 22,937 54,934 21,818 45 23,542 51,814 23,803 45 24,160 51,446 25, 790 53 26, 512 50, 719 27,123 54 27,421 49,940 24, 546 49 24,325 50,156 21, 233 42 21,318 50,063 25,371 49 26, 563 50, 099 25,191 53 25,468 48,984 58,060 66 57, 654 72, 686 49, 782 56 50,927 71, 533 52,000 61 53, 300 70, 228 60,479 66 59,874 70,825 60,182 71 65,719 64, 561 68, 333 77 74,961 57,963 59,149 67 58, 203 58,903 50,005 57 48,905 59, 554 52,054 62 51,950 57, 240 49,042 63 49, 238 57,375 68,442 66, 348 95, 658 67,088 63, 380 100,635 60,991 66,886 93,451 72,197 78,968 85,351 76,078 79, 792 80,818 79, 295 68,465 74, 635 56,188 77,265 66,942 54, 483 78,095 64,435 52,834 71,297 65, 283 52,731 72, 246 41,059 6,657 37, 735 7,079 33, 312 6,017 34,835 5,867 39,897 6,532 42, 297 5,574 35,424 5,331 28,125 6,522 37.648 4,412 35,878 6,832 32,412 6,829 40, 468 5,478 71 73 65 446,455 360,838 85,617 76 64 65 60 431,167 344,513 86,654 76 56 59 48 399,160 336,530 62,630 95 48 436,358 371,427 64,931 108 71 76 57 447,032 405,922 71,110 115 79 83 65 508,182 436,406 71, 776 125 65 69 52 409, 736 345, 756 63,980 112 58 62 44 361,871 306,447 55,424 120 56 62 39 376, 200 314,084 62,116 106 60 65 43 398,014 329,133 68,881 81 58 61 47 380,452 306,667 73, 785 112 65 71 47 460,970 385,117 75,853 124 59,226 530 477 53 33,348 589 488 101 77 525 450 75 70 10, 380 9,572 8,489 9,261 8,914 8,995 PAPEE PRODUCTS Abrasive paper and cloth, shipments: Domestic reams.. 53,187 7,675 Foreign reams. Paper board shipping boxes: Operating time, total percent of normal. Corrugated percent of normal. Solid fiber percent of normal. Production, total thous. of sq. ft.. Corrugated thous. of sq. ft— Solid fiber thous. of sq. ft.. 95 Rope paper sacks shipments* 1930-31 = 100.. PEINTING Blank forms, new orders thous. of sets.. Book publication, total...number of editions.. New books number of editions.. New editions number of editions.. Operations (productive capacity).—1923 ==100. Sales books: Orders, new thous. of books— Shipments. thoas. of books.. 60 123,060 72,436 3 5 87,119 59 116,784 77,289 94,732 65 112,853 79,975 37,259 733 641 92 41,061 609 504 105 63 41,252 806 655 151 40,396 1,090 912 178 38,364 700 595 105 67 50,350 875 707 168 66 46,602 457 390 67 66 45,053 679 576 103 70 53,337 766 621 145 62 46, 508 805 637 168 8,395 8,271 7,879 9,128 8,575 8,704 10,190 9,082 8,476 8,874 7,645 9,068 9,735 7,920 7,907 7,653 7,399 8,048 9,902 8,570 RUBBER AND RUBBER PRODUCTS CRUDE AND SCEAP EUBBEE Crude: Consumption, total long tons.. 38,785 26,861 For tires long tons.. 14,293 Imports, total, including latex§._.long tons— 26,736 34,323 Price, wholesale, smoked sheets, N.Y. dolls, per lb_. .049 .031 Shipments, world__ long tons.. 57,000 60,929 Stocks, world, end of monthf long tons.. 611,000 629,110 Afloat, total long tons.. 74,177 80,936 For United States long tons— 54,177 63,066 London and Liverpool.long tons.. 101,000 116,106 British Malaya long tons— 69,000 88, 672 United Statesf-long tons.. 370, 311 343,396 Reclaimed rubber: Consumption long tons.. 5,750 4,795 Production long tons.. 7,864 4,773 Stocks, end of month long tons— 9,065 13,411 Scrap rubber: Consumption by reclaimers. long tons.. • Revised, t For revised data for year 1932 see p. 50 of May year 1932 see p. 50 of the June 1933 issue. 35,987 21,626 41,117 26,010 14,715 32,524 20,582 12,646 33,989 20, 692 10,399 .29, 280 19,337 10,340 35,806 20,157 9,388 29,620 15,631 7,408 32,016 19,928 10,376 30,663 18,825 9,587 22,969 15, 701 8,179 28,475 22,817 13, 555 21,034 .027 56,620 593,601 74,089 53,849 109,597 68,855 341,060 .028 59, 530 579,195 68,558 47,368 106,172 62,887 341,578 .036 56,327 595,782 74,808 53,558 104,408 66,134 350,432 .039 59,683 599,761 78,775 57,735 103,195 64,321 353,470 .034 54,403 604,008 69,240 50,220 100, 001 68,836 365,931 .034 57,976 611,301 74,505 54, 505 96,324 71,441 370,577 .033 56,700 621,078 71,147 51,147 91,121 77,024 379,000 .033 59,000 614,851 60,674 40,674 89,267 74,590 385,354 .029 54, 500 618,299 65,123 41,123 92,153 71,677 386,686 .030 56,900 622,142 60,914 36,914 94,658 67,583 395,987 .036 55,000 617,490 65, 431 38,431 95,151 66,911 389,997 5,554 5,626 11,978 4,054 5,146 11, 596 3,461 3,101 10,387 4,136 5,043 9,982 4,340 6,275 9,877 4,135 6,215 9,973 3,135 5,345 10,794 3,560 4,983 10,733 3,229 4.303 10,936 2,556 3,617 10, 227 3,261 4,340 9,484 19,045 1933 issue, 16, 229 ' New series. Earlier data not published. 19, 512 14,132 § Data revised for 1932, for revisions for full 51 SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey May 1933 1933 1933 May June July Decem- January FebruOctober NovemAugust September ber ary ber March April RUBBER AND RUBBER PRODUCTS—Continued TIRES AND TUBES Pneumatic casings: Production .thousands. Shipments, total thousandsDomestic thousandsStocks, end of month thousandsSolid and cushion tires: Production thousandsShipments, total thousandsDomestic thousandsStocks, end of month thousandsInner tubes: Production thousandsShipments, total thousandsDomestic thousandsStocks, end of month— thousands. Raw material consumed: Fabrics thous. of lb_ Crude rubber. (See Crude Rubber.) MISCELLANEOUS PRODUCTS Rubber bands, shipments thous. of lb.. Rubber clothing, calendered: Orders, net—number of coats and sundries.. Production—number of coats and sundries.. Rubber-proofed fabrics, production, total thous. of yd Auto fabrics thous. of yd.. Raincoat fabrics thous. of yd.. Rubberflooring,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.. Tennis thous. of pairs.. Waterproof thous. of pairs.. Rubber heels: Production thous. of pairs.. Shipments, total* thous. of pairs.. 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.. Shipments, total* thous. of pairs.. Export.__ -__ _--thous. of pairs.. Repair trade.. thous. of pairs.. Shoe manufactures 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.. 3,056 3,406 3,325 7,503 4,515 8,293 8,212 3,700 2,893 1,923 1,845 4,962 2,471 2,124 2,065 5,327 2,031 2,466 2,411 4,877 2,055 1,439 1,385 5,501 1,843 1,369 1,306 5,964 1,586 1,455 1,405 6,115 1,806 2,077 2,011 5,789 1,871 1,834 1,764 5,902 1,630 1,674 1,616 5,832 2,499 2,923 2,874 5,419 35 11 22 22 23 10 7 7 25 8 8 7 25 7 24 6 7 7 24 5 23 7 5 5 24 7 7 22 7 21 7 7 6 21 7 20 2,727 3,094 3,035 7,131 4,223 7,394 7,336 3,943 2,350 1,728 1,674 4,780 2,199 2,002 1,966 4,902 2,081 2,478 2,440 4,602 1,749 1,327 1,292 4,971 1,604 1,263 1,221 5,330 1,423 1,379 1,348 5,400 1,675 2,028 1,989 4,957 1,779 1,682 1,646 5,085 1,506 1,522 1,486 5,095 2,282 2,441 2,410 4,951 12,045 17,480 11,707 10,116 8,417 8,345 7,827 5,993 7,899 7,263 6,364 10,460 247 187 180 160 199 210 315 170 138 189 167 9,808 19,392 12,503 12,886 10,433 15,333 9,109 26,849 13,321 28,284 31,577 22, 770 35,417 35,306 22,353 38,704 6,827 25, 759 11,574 24,409 7,327 16,330 8,058 20, 997 8,037 14, 227 1,748 197 556 399 2,243 308 744 546 2,013 224 1,003 329 2,952 268 1,489 434 4,510 301 2,719 421 4,918 404 3,065 332 2,461 307 1,772 234 707 252 2,052 221 799 188 2,146 243 616 2,303 134 953 307 241 1,275 218 4,518 3,485 1,033 5,049 4,603 446 4,966 4,530 436 17,879 6,163 11,716 4,429 1,531 4,345 3,839 506 4,285 3,786 499 17,962 5,222 12,741 2,321 1,197 1,124 2,985 1,778 1,206 2,942 1,755 1,187 17,317 4,641 12,676 3,576 1,375 2,201 3,342 1,208 2,134 3,272 1,175 2,096 17,358 4,615 12, 743 3,767 1,190 2,577 4,641 1,249 3,393 4,589 1,226 3,363 16,483 4,556 11,928 4,139 1,055 3,084 5,234 600 4,634 5,189 571 4,618 15, 388 5,010 10,378 5,007 1,385 3,623 5,375 454 4,922 5,330 422 4,908 15,038 5,955 9,083 4,782 1,603 3,179 4,813 551 4,262 4,773 168 4,254 15,016 7,016 8,000 3,725 1,913 1,812 3,156 1,814 1,342 3,136 1,801 1,335 15,351 7,008 8,343 3,275 2,185 1,090 3,537 2,256 1,281 3,511 2,245 1,267 15,088 6,937 8,151 3,281 2,634 647 3,390 2,842 548 3,339 2,800 539 14, 965 6,730 8,235 3,172 2,636 536 3,672 3,230 442 3,637 3,202 435 14, 462 6,135 8,326 10, 259 10, 270 275 3,651 6,345 28, 782 11, 299 12, 304 266 3,708 8,330 27, 736 10,141 261 2,449 7, 432 27,397 11, 073 14,395 187 4,260 9,948 24,449 14,205 18,000 297 5,520 12,183 20, 534 16, 736 16, 222 233 5,012 10,977 21,029 14,162 13,188 184 3,966 9,038 21,749 12,433 13, 641 258 2,423 10,960 20,337 13,142 11,336 209 2,433 13,030 10,888 221 2,909 7,758 25, 267 11, 222 10, 761 170 2,677 7,914 25, 549 10, 353 12,383 281 4,441 7,661 23, 740 2,488 2,703 4 151 2,549 2,434 2,461 2,500 5 133 2,362 2,374 2,419 2,407 14 113 2,280 2,308 2,599 2,660 12 140 2,508 2,373 4,054 4,353 7 215 4,131 2,024 5,081 4,792 4 269 4,519 2,168 4,780 4,420 5 316 4,099 2,559 4,647 5,265 6 209 5,050 2,369 4,008 3,728 3 362 3,362 3,121 3,959 3,925 235 271 3,419 3,302 3,108 3,256 1 2,152 563 785 804 1,975 456 706 813 2,192 481 844 867 1,990 423 709 858 1,992 397 780 816 4,247 3,777 1 275 3,502 2,766 2,060 382 730 949 1,815 352 633 830 2,018 358 302 858 2,273 371 903 467 365 2,542 420 1,131 991 2,672 526 1,095 1,051 2,024 524 734 766 21,808 162 191 3,215 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 (machine)* .thous. of brick.. Shipments... thous. of brick.. Stocks, end of month* thous. of brick.. Sand-lime brick: Orders, unfilled, end of mo—thous. 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.. 9.25 9.75 9.75 9.69 9.30 9.25 9.25 9.25 9.25 10.13 9.25 9.25 9.25 350 116 169 2,860 532 208 257 3,473 518 165 263 3,387 493 173 223 3,288 477 149 258 3,196 424 180 228 3,177 363 200 221 3,119 351 151 134 3,091 352 98 85 3,133 292 35 79 3,061 331 24 50 3,030 324 44 94 2,975 359 66 131 2,911 1,580 588 72 606 3,877 2,575 2,469 157 2,919 4,897 6,625 2,215 121 2,518 3,485 5,820 3,223 194 2,057 5,282 5,923 2,537 176 2,508 4,151 2,254 2,523 455 1,808 5,898 3,650 2,187 300 1,668 4,813 8,050 901 0 1,231 4,477 5,755 798 82 884 4,792 7,325 606 110 1,233 4,622 4,812 307 80 778 4,020 3,675 511 15 861 3,501 2,775 492 50 742 3,003 1.436 2,777 13.4 2,278 21,125 6,422 1,436 3,684 16.1 3,510 21, 298 « 6,890 1,436 4,183 18.9 4,949 20,532 7,230 PORTLAND CEMENT Price, wholesale, composite dolls, per bbl- 1,436 1.424 1.426 1.318 1.388 1.388 1.388 1.353 1.388 1.357 Production thous. of bbl- 6,266 2,958 6,913 7,921 7,939 6,462 4,248 8,210 7,659 7,835 Percent of capacity 27.4 30.2 29.1 18.5 12.9 36.9 34.2 33.4 34.6 35.7 Shipments thous. of bbl- 6,748 2,502 8,020 9,729 4,782 2,835 8,743 9,264 9,218 10,968 Stocks,finished,end of month..thous. of bbl.. 20, 060 25,394 24, 043 22, 512 19, 398 17,878 17,084 18,788 20,205 20,624 Stocks, clinker, end of month...thous. of bbL- 6,759 9,922 8,877 7,889 7,175 6,708 6,093 5,938 5,995 6,092 * New series. Earlier data not published on rubber heels and soles. For machine production of brick see p. 20 of the June 1933 issue. t Adjusted for degrading and year-end physical inventories. # Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period. Revised. 52 SUEVEY OF CUKRENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 July 1933 1933 1933 May June May July Decem- January FebruOctober NovemAugust September ary ber ber March April STONE, CLAY, AND GLASS PRODUCTS—Continued GLASSWARE, ETC. Glass containers: Production thous. of gross Percent of capacity Shipments thous. of gross Stocks, end of month thous. of gross.. Illuminating glassware:* Orders: New and contract number of turns.. Percent of full operation _ . Unfilled, end of month..number of turns. Production: Total number of turns Percent of full operation __ Shipments: Total number of turns. Percent of full operation Stocks, end of month number of turns.. Plate glass, polished, production# thous. of sq. ft— 1,693 49.1 1,969 5,036 7,922 GYPSUM * Crude (quarterly): Imports short tons.. Production short tons Shipments (uncalcined) short tons. Calcined (quarterly): Production . _ short tons Calcined products (quarterly): Shipments: Board, plaster (and lath)__thous. of sq. ft.. Board, wall __ _ thous. of sq. ft. Cement, Keenes short tons Plasters, neat, wood fiber, sanded, gaging,finish,etc short tons For pottery* terra cotta, plate glass, mixing plants, etc short tons Tile, partition thous. of sq. ft TERRA COTTA Orders, new: Quantity Value -. short tons .thous. of dolls.. - 1,297 72 1,462 44.9 1,366 5,343 1,636 51.3 1,738 5,244 1,585 51.8 1,508 5,325 1,704 49.5 1,621 5,406 1,187 948 1,043 1,049 1,379 1,300 1,286 1,222 1,219 1,280 1,327 1,390 1,090 1,338 1,144 795 1,010 1,008 1,161 1,087 37.5 5,063 1,279 44.1 4,799 1,260 43.5 4,852 1 083 37.4 4,946 986 34.0 4.480 1,006 35.4 4,397 1,267 44.6 4,388 1,226 43.2 4,342 3,567 4,120 4,718 4,268 6,188 4,955 4,881 4,680 2,027 63.2 1,901 5,759 1,945 60.6 2,018 5,695 1,677 53.6 1,551 5,824 1,660 49.1 1,757 5,724 1,462 46.8 2,027 5,167 1,750 53.8 1,774 5,123 1,508 46.4 1,422 5,247 1,563 1,239 1,142 1,020 1,164 1,151 1,318 1,301 1,458 1,455 1,485 1,363 1,357 1,423 1,059 885 782 1,295 44.7 5,152 1,204 41.5 5,301 945 32.6 5,454 1,122 38.7 5,254 3,154 5,140 2,849 1,843 103,844 — 374,403 153, 793 173,366 423,139 159,160 80,366 252,891 96,374 197,730 61,106 298,767 262,812 199,083 168,931 35,147 71, 565 4,029 31,435 52,441 3,597 22,951 41,663 2,634 18,882 42,442 2,073 230,645 202,332 155,603 121,490 20,404 2,266 19,130 1,842 18, 219 1,393 17, 249 1,406 885 84 781 63 2,504 194 1,377 118 672 62 790 88 1,365 96 1,188 92 1,306 ° 79 292 26 1,568 49.2 1,682 5,305 2,333 198 1,105 67 TEXTILE PRODUCTS CLOTHING Hosiery: * Orders: New 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 garmentsSeparate trousers ..thous. of garments. Suits. _ thous. of garmentsRubber clothing. (See Rubber products.) 4,326 4,264 3,174 5,595 6,693 5,145 4,185 * 3,666 6 3,860 6 5,006 6 5,406 1,937 3,754 4,072 9,047 2,082 3,914 4,027 8,903 2,196 3,009 9,243 3,360 4,117 4,311 8,818 4,043 5,346 5,760 8,492 4,413 6,003 6,006 8,154 3,617 5,680 5,645 8,070 2,877 4,695 4,783 8,251 * 3,006 6 4,197 6 3,516 6 9,010 6 2,826 6 4,063 6 4,047 6 9.010 6 3,109 6 4,408 6 4,731 6 8,776 6 3,892 6 4,263 6 4,603 6 8,469 38 1,808 1,074 50 1,795 946 139 1,256 974 285 1,664 1,480 482 2,025 1,734 1,947 1,565 554 1,495 964 172 1,164 1,077 61,390 b 1,450 6 267 61,436 61,850 6 216 6 1,676 6 1,745 6 122 6 1,844 471 442 494 471 794 557 12,418 21 16 12, 710 13 .056 .062 .055 .061 .061 .070 1,065 591 561 11, 516 1,495 10,021 10,549 8,759 10,822 1,442 9,380 10,182 8,403 10,250 1,343 8,907 9,796 7,977 COTTON 332 279 403 492 502 504 440 323 Consumption t thous. of bales.. 621 Exports: Quantity, exclusive of linters 452 1,012 1,040 449 734 1,008 501 thous. of bales. _ 592 Value. (See Foreign Trade.) Qinnings (total crop to end of month) 4,835 865 9,246 11,631 12,086 thous. of bales. 11 4 9 7 Imports. thous. of bales.. 19 7 Prices: .051 .065 .072 .059 .054 .082 .052 .064 To producer dolls, per lb._ .046 .074 .062 .058 .077 .066 .059 Wholesale, middling, N.Y dolls, per lb._ .057 .086 .053 /13,002 Production, crop estimate thous. of bales.. 350 107 516 1,826 2,928 2,748 1,571 Receipts into sight thous. of bales.. 705 219 Stocks, end of month: t Domestic, total mills and warehouses 7,198 7,638 11,094 12,134 11,880 8,472 9,056 thous. of bales. . 8,716 9,078 1,218 1,090 1,457 1,087 1,267 1,463 1,321 1,530 Mills thous. of bales.. 1,395 6,700 6,548 7,969 7,615 9,827 10, 677 10,350 Warehouses.. thous. of bales.. 7,321 7,151 7,793 7,602 8,251 8,738 9,479 10, 518 10,552 8,205 World visible supply, total thous. of bales.. 9,014 5,894 5,751 8,884 6,534 6,680 7,783 6,215 8,878 American cotton thous. of bales.. 7,042 # Figures for 1932 represent total industry; 1933figuresincomplete. / As of Dec. 1. * New series. For earlier data on gypsum see p. 20 of the January 1933 issue. For hosiery see p. 19 of the April 1933 issue. Earlier f For revisions for the year ended July 1932 see p. 20 of the February 1933 issue. 6 Partly estimated. M59a 436 7 .061 9,52ft 1,368 8,152 9,560 7,613 data on glassware not published. SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 1933 May 53 May June July 1933 Decem- January FebruAugust SeptemOctober November ber ber ary March April TEXTILE PRODUCTS—Continued COTTON MANUFACTUBES Cotton yarn: Carded sales yarn: Orders, unfilled, end of mo...thous. of lb.. 38,362 3,047 Production (weekly average) .thous. of lb_. 9,927 Stocks, end of month thous. of lb.. Prices, wholesale: .216 22/ls, cones, Boston dolls, perlb.. .306 40/ls, southern, spinning dolls, per lb.. Cotton goods: Abrasive cloth, (See Paper Products.) Cotton cloth: Exports! thous. of sq. yd.. 27,384 4,808 Imports... thous. of sq. yd.. Fiber consumption for tires. (See Rubber and Rubber Products.) Prices, wholesale: .048 Print cloth, 64 x 60 dolls, per yd.. Sheeting, brown, 4 x 4 (Trion mill) .050 dolls, per yd.. Cotton cloth finishing: Printed only (mills and outside): Production thous. of yd.. •88,278 Stocks, end of month thous. of yd.. 81,740 White, dyed and printed (outside mills): Billings (finished goods) thous. of yd.. 55,018 68 Operations percent of capacity.. Orders, new, gray yardage...thous. of yd.. 72,565 3.0 Orders, unfilled, end of mo day's prod.. 34,684 Shipments (finished goods) a Stocks, end of month (finished goods) Spindle activity:! Active spindles thousands.. Active spindle hours, total..mills, of hours.. Average per spindle in place hours._ Operations. _ percent of capacity.. 26,756 1,608 12,554 25, 281 1,556 12,473 26,475 1,400 11,738 33,551 1,798 11,188 35,108 2,534 10,315 30,592 2,885 28,474 2,531 10,046 28,901 2,131 11,099 27,321 2,225 11,612 26,459 2,095 12,072 29,326 1,720 11,892 33,455 2,116 10,481 .162 .270 .155 .263 .157 .255 .183 .264 .208 .196 .281 .187 .271 .174 .270 .168 .270 .163 .270 .175 .276 .179 .278 39,757 3,182 29,888 1,911 33,824 1,861 24,157 1,166 25,227 1,155 24,010 1,633 25,379 2,118 30,479 2,498 34,332 2,625 34,215 2,794 39,475 4,125 28,150 3,510 .031 .031 .031 .039 .041 .037 .033 .033 .032 .031 .032 .037 .040 .036 .037 .040 .047 .046 .041 .038 .038 .037 .037 .039 43,868 86,324 40,993 71,364 37,404 71,624 64,480 62,547 87,988 59,040 87,956 66,633 69,515 74,850 79,175 81,933 88,300 80,097 93,773 82,272 95,746 80,446 74,463 80,765 37,340 37 32,143 1.5 23,972 36,855 33 28,090 1.0 21,295 25,532 32 27,396 1.1 16,073 38,092 42 2.2 21,802 52,247 57 58, 788 2.2 26,496 55,594 62 51,406 1.9 28,081 47,956 49 45,570 1.1 24,748 37,674 41 55,786 1.6 19,864 38,282 55 52,258 2.1 47,503 67 55,891 2.7 51,148 60 61,681 2.1 30,339 43,006 60 58,847 3.0 28,700 15,418 15,355 14,659 13,347 13,285 14,896 17,086 18,684 14,590 13,407 24, 571 8,310 268 112.3 21,633 4,592 145 63.3 20,647 4,250 134 57.6 19,758 3,656 115 51.5 22,022 5,539 175 72.4 23,884 6,866 218 94.6 24,588 7,046 224 97.0 24,350 6,967 221 96.9 23,775 6,386 203 87.2 23,767 6,788 217 95.1 23, 659 202 95.0 502 517 425 285 221 351 45 .60 225 .60 226 241 241 .60 257 .55 253 BATON AND SILK Rayon: 52 Imports thous. of lb__ Price, wholesale, 150 denier, " A " grade, .55 N.Y dolls, per lb_. Stocks, imported, end of month.thous. of lb— Silk: D eliveries (consumption) bales _. 47,151 Imports, raw thous. of lb— 6,404 Operations, machinery activity: 75.4 Broad looms percent of capacity.. 46.0 Narrow looms percent of capacity. _ 52.3 Spinning spindles percent of capacity.. Prices, wholesale: Raw, Japanese, 13-15, N. Y.-dolls, per lb— 1.586 .95 Silk goods, composite dolls, per yd— Stocks, end of month: World, visible supply bales.. United States: At manufacturers bales— 20, 243 At warehouses bales.. 40,125 28,156 14,919 15,768 16,104 23,429 7,048 227 93.9 23,417 6,569 212 95.7 48 51 285 400 .65 305 .55 347 .55 321 .55 286 240 32,923 4,474 37,466 4,756 38,382 4,931 59,905 7,134 59,694 8,564 53,703 7,331 43,955 8,066 40,548 8,301 46,204 4,988 32, 665 3,402 38,934 4,254 41,910 5,660 43.2 39.6 30.4 39.5 35.8 28.6 47.1 45.9 41.0 67.6 38.3 50.2 83.7 43.6 62.0 84.5 46.8 61.9 76.2 45.3 52.2 83.2 34.2 55.5 89.7 37.2 56.8 80.6 36.8 48.9 56.6 36.3 38.2 59 2 42! 2 49.8 1.231 .90 1.194 .90 1.231 .90 1.647 .92 1.805 .92 1.673 .92 1.562 .92 1.550 .91 1.305 .90 1.201 1.182 1.324 .92 236,412 224,552 240,954 246,148 249,258 246,450 258, 280 282,616 256,142 239,864 237, 236 234, 523 26,008 59,159 25, 521 53,048 20,011 50,721 24,951 52,228 22, 250 49,393 22,826 54,465 24,336 57,932 22,443 62,837 23,406 69, 747 22,074 60,459 20, 243 40, 814 21,151 43,038 3,179 16,519 2,832 18,933 2,697 26, 719 41, 361 693 46,055 1,554 42,423 4,468 38,963 5,408 36,532 4,977 35, 510 5,134 33, 278 4,864 24,943 4,451 28, 701 6,140 107 31 39 85 106 100 82 92 55 62 23 18 28 18 16 31 19 26 60 24 36 65 28 42 23 33 58 22 28 43 25 29 42 77 72 30 25 30 34 57 70 74 60 58 55 57 42 32 53 35 .63 .29 .42 .15 .38 .14 .14 .39 .16 .48 .23 .47 .22 .45 .21 .44 .20 .44 .20 .43 .19 .44 .19 .20 1.395 1.300 1.125 1.125 1.135 1.175 1.175 1.175 1.175 1.175 1.175 1.175 1.163 .750 .750 .750 .750 .750 .83 6,835 6,544 291 27, 284 12,307 WOOL Consumption, grease equivalent-.thous. of lb__ Imports, unmanufactured! thous. of lb— Operations, machinery activity: Combs _ percent of capacity.. Looms: Carpet and rug percent of capacity.. Narrow —percent of capacityWide percent of capacity— Spinning spindles: Woolen. percent of capacity— Worsted percent of capacityPrices, wholesale: Raw, territory, fine, scoured___dolls, per lb— 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 lb— Receipts at Boston, total thous. of lb__ Domestic thous. of lb._ Foreign thous. of lb— .800 .750 .750 .750 .750 .750 .93 17,630 17, 415 215 .80 10,942 10,272 670 .75 28,665 28,134 531 .75 52,339 50,934 1,405 .76 42,909 42, 764 145 .85 28, 281 28,209 72 17,556 16,960 596 .85 11,858 11,136 722 5,927 5,063 8,978 7,991 987 9,281 8,384 897 .80 4,657 4,032 625 30,192 20,079 24,231 17,095 34,234 25,937 17,883 23,886 29,931 24,457 23,114 25,737 22,403 23,323 31,340 21,895 29,064 ' 21,344 28,865 22,937 22,413 17, 521 34,842 25,118 .780 MISCELLANEOUS PRODUCTS Burlaps and fibers, imports: Burlaps Fibers thous. of lb— -long tons— t For revisions for the year ended July 1932, see p. 20 of the February 1933 issue. § Data for 1932 revised. For revisions for full year 1932 see p. 53 of the June 1933 issue. 54 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey SURVEY OF CURRENT BUSINESS 1933 July 1933 1932 May May June July 1933 Decem- January FebruOctober NovemAugust September ber ber ary March April TEXTILE PRODUCTS—Continued MISCELLANEOUS PRODUCTS—Con. Buttons and shells: Buttons: Imports, total§ thous. of gross.. From Philippines thous. of gross.. Fresh-water pearl: Production percent of capacity Stocks, end of month thous. of gross Shells, imports, total thous. of lb Mother of pearl. _ thous. of lb— Tagua nuts, imports thous. of lb_. 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 yd— Pyroxylin spread thous. of lb.. Shipments, billed thous. of linear yd.. 32.6 8,139 292 243 1,236 561 2,447 27.3 8,849 233 223 258 580 2,247 65 58 18.0 8,234 855 235 1,053 454 2,233 1,829 2,094 2,189 1,578 1,944 2,236 1,572 1,474 1,595 65 74 567 549 1,176 3,288 76 68 72 67 77 64 49 73 57 71 58 75 61 39.2 7,340 271 219 516 774 4,016 50 47 46.3 7,136 356 285 1,063 850 3,233 45.2 7,194 413 360 599 731 1,688 38.0 8,025 741 214 586 605 1,275 40.0 7,971 684 677 864 663 1,547 41.3 7,751 297 267 1,356 656 1,498 36.2 7,325 3,255 394 1,087 619 1,473 43.2 7,132 200 181 865 615 2,053 1,996 2,403 2,410 2,096 2,216 2,282 1,779 1,855 1,783 1,675 1,862 1,791 2,175 2,121 1,956 2,188 2,374 2,128 1,992 2,333 2,079 2,635 2,894 2,658 87 30.3 7,939 751 184 609 518 2,879 1,785 1,959 1,881 TRANSPORTATION EQUIPMENT AIRPLANES Production, total number.. Commercial (licensed) number.. Military (deliveries) number _ _ For export number.. AUTOMOBILES Exports: Canada: Automobiles, assembled number.. Passenger cars number.. United States: Autos and parts, value. (See Foreign Trade.) Automobiles, assembled, total §_. number _. Passenger cars §__ number.. Trucks § number.. Financing: Retail purchasers, total thous. of dolls. New cars thous. of dolls. Used cars thous. of dolls.. Unclassified thous. of dolls. Wholesale (manufacturers to dealers) thous. of dolls. Fire-extinguishing equipment: Shipments: Motor-vehicle apparatus number. Hand types number— Production: Automobiles: Canada, total number.. Passenger cars number.. United States, total number. . Passenger cars number.. Taxicabs number.. Trucks number.. Automobile rims thous. of rims.. Registrations, new passenger cars number.. Sales (General Motors Corp.): To consumers number.. To dealers, total number.. U.S. dealers number.. Shipments, accessories and parts, total* Jan. 1925=100. Accessories, original equipment Jan. 1925=100 Accessories to wholesalers—.Jan. 1925=100.. Replacement parts Jan. 1925=100Service equipment Jan. 1925=100.. 114 75 28 11 110 333 261 768 741 5,107 3,604 1,503 119 44 45 30 101 59 18 24 118 58 29 31 111 1,493 1,308 1,523 1,368 1,654 1,108 2,416 2,124 1,338 1,163 1,090 833 475 256 169 1,601 1,558 1,256 4,359 2,972 1,387 4,904 3,039 1,865 4,937 2,893 2,044 5,654 3,053 2,601 4,282 1,733 2,549 3,115 1,762 1,353 4,978 2,757 2,221 10,143 7,059 3,084 8,657 5,521 3,136 8,056 5,528 2,528 8,318 5,662 2,656 58,436 33,591 23,258 1,587 63,169 38,329 23,395 1,445 44,717 24,149 19, 225 1,342 45,069 24,645 18,909 1,516 38,837 21,551 15,989 1,297 33,624 17,644 15,036 943 27,727 13,981 12,834 913 27.025 14,091 12,174 760 31, 265 18, 334 12,152 °779 29,175 • 33, 540 16,860 » 19, 466 11, 694 » 13,327 «621 «748 45, 346 28, 229 16, 093 1,023 38,608 43,682 26,016 22,104 18,677 13,132 11,774 20,131 30,159 27, 551 • 27,716 40,912 38 15,378 46 14,037 35 13,876 25 14, 314 27 15,222 19 12,867 14 12,036 9,396 8,221 7,472 7,112 8,024 7,269 6,773 6,308 218,171 184, 295 183,106 109,143 184, 578 157, 683 160,103 94,678 54 73 27 235 33,539 26, 539 22,768 14,438 938 *692 339 499 150, 000 131,282 148,752 104,188 4,067 3,166 90,325 75,898 9 14.418 222 93,457 2,342 1,741 84,150 64, 735 13 19,402 198 81,893 2,923 2,361 48,702 35,102 5 13,595 237 63,195 6,632 8,255 3,298 2,204 3,358 2,139 5,927 6,957 3,025 2,921 1,561 1,669 59,557 107,353 130,044 106,825 417,949 •0 180, 667 47, 293 85,858 108,321 91,340 «99, 225 152,939 660 «411 291 152 5 239 12,025 21, 204 21, 718 15,333 «18,064 « 27, 317 347 898 580 559 727 455 44,358 ° 45,683 79,821 69,464 78,741 119,909 7,538 5,093 2,445 85,969 98, 205 85, 980 125 37 49 63,500 66,739 60, 270 56,987 52,561 46,148 32,849 36,872 31,096 37,230 30.419 24,151 34,694 30,117 23,545 26,941 10,924 5,810 12,780 5,781 2,405 19,992 53,942 44,101 50,653 82,117 72,274 42,280 59,614 50,212 47,436 58,018 45,098 62 56 45 35 35 39 45 51 51 50 41 53 55 109 45 57 118 50 37 49 90 37 24 47 94 40 22 56 99 43 26 85 91 36 36 73 86 31 48 54 76 28 46 46 84 45 40 84 34 33 42 87 32 RAILWAY EQUIPMENT Equipment condition: Freight cars owned: Capacity mills, of lb— 197,664 203,657 203,376 202,807 202,196 201, 594 201,326 201,055 200,547 200,250 198,997 198,652 2,101 2,088 2,106 2,134 2,123 2,141 2,138 2,127 2,166 2,163 2,157 2,149 Number, total thousands.. Bad order, total number__ 303, 758 230,820 234,315 245,749 253,608 262,153 268,170 265,239 266,066 266,594 269,378 274,368 13.2 12.4 12.6 14.7 12.7 12.9 12.7 12.6 10.8 11.5 Percent of total in bad order 11.0 11.9 Locomotives, railway: Owned: 2,423 2,432 2,444 2,435 2,410 2,428 2,439 2,467 2,448 2,459 2,458 Tractive power mills, of lb. 2,471 53,572 53,264 53,192 52,936 52,791 52, 650 52,490 52,401 52,237 52,081 Number, total number.^ 51, 653 8,142 9,190 9,316 9,558 10,014 10,290 10, 545 8,875 8,233 8,396 8,291 Awaiting classified repairs...number.. 11,103 20.6 19.4 20.0 18.5 17.8 18.0 21.9 15.5 16.2 17.1 15.8 16.0 Percent of total 41 31 57 32 36 43 55 62 31 47 54 29 Installed number197 221 196 410 174 120 287 193 173 133 Retired number.. 178 338 Passenger cars: 49,310 pn railroads (end of quarter) number. 49,957 Equipment manufacturing: Freight cars: 50 8 0 16 1,285 26 50 25 Orders, new, placed by railroads cars1,873 1,974 2,431 1,205 2,465 2,398 1,404 1,275 2,429 1,572 Orders, unfilled, total cars— 1,851 0 0 50 1 0 0 0 0 0 0 0 Equipment manufacturers cars.. 0 1,873 1,974 2,381 2,222 2,465 1,404 1,275 2,398 1,205 2,429 1,572 1,851 Railroad shops cars.. 15 3 0 15 44 1 12 153 3 3 Shipments, total cars15 3 14 19 1 12 153 0 3 3 Domestic cars.. * New series. Earlier data not published. • Revised. § Data revised for 1932. For revisions for full year 1932 see p. 54 of the June 1933 issue. 71,599 86,967 74, 242 1 198,158 2,095 286,987 13.8 2,422 52,020 10, 743 21.2 44 105 50 1,561 0 1,561 0 0 SURVEY OF CURRENT BUSINESS July 1933 Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey 1933 May 55 1933 May June July 1933 Decem- January FebruOctober NovemAugust September ber ary ber March April TRANSPORTATION EQUIPMENT—Continued RAILWAY EQUIPMENT—Continued Equipment manufacturing—Continued Locomotives, industrial electric (quarterly): Shipments, total .number.. Mining use number.. Locomotives, railway: Orders, new, placed by railroads.number.. Orders, unfilled, end of monthEquipment manufacturers (Census) total number.. Domestic, total number.. Electric number.. Steam..number.. Railroad shops (A.R.A.) ..number.. Shipments: Domestic, total number.. Electric number.. Steam number.. Exports, total § number.. Electric§ number.. Steam number.. Passenger cars: Orders, new, placed by railroads.number.. Orders, unfilled (end of quarter).number.. Shipments, total number. . Domestic number.. ELECTRIC TRUCKS AND TRACTORS Shipments, industrial, total number.. Domestic .number.. Exports. number.. SHIPBUILDING United States: Merchant vessels under construction thous. of gross tons.. Completed during month..total gross tons.. Steel total gross tons.. World (quarterly): Launched: Number ships. Tonnage thous. of gross tons.. Under construction: Number ships Tonnage... thous. of gross tons 146 140 127 13 129 123 122 1 6 120 114 113 1 111 105 104 1 5 68 68 67 1 17 5 12 6 5 1 0 44 0 0 12 11 1 9,474 7,246 186 26, 260 22, 586 180 10, 782 7,928 161 28, 338 27,150 147 2,697 240 94 10, 273 9,601 87 22, 795 19,834 18 39,179 36, 733 18 7,698 5,888 84 193 53 188 58 213 224 1,110 192 901 203 766 22 15,944 13, 741 24 9,338 8,531 14 41, 213 37, 537 12 2,885 1,578 232 741 CANADIAN STATISTICS Business indexes: * 79.9 81.4 78.3 Physical volume of business 1926=100. _ 78.1 74.6 76.9 74.2 Industrial production, total 1926=100 73.6 39.4 31.8 28.1 Construction 1926=10037.1 131.2 130.5 129.0 Electric power 1926=100.. 137.1 77.4 82.1 76.9 Manufacturing 1926=100.. 75.5 71.4 74.5 55.9 Forestry 1926=100.. 59.6 94.4 92.3 83.4 Mining 1926=10084.8 94.5 93.7 89.6 Distribution. 1926=100.. 90.4 Carloadings 1926=100 71.2 70.3 60.5 64.3 Exports (volume)-. 1926=100 59.1 59.3 62.9 63.0 72.9 69.7 63.2 63.8 Imports (volume) 1926=100.. Trade employment 1926=100.. 117.8 117.4 115.9 115.3 Agricultural marketings 1926= 100— 84.4 221.4 135.9 196.6 82.8 250.8 147.9 Grain marketings 1926=100222.6 Livestock marketings ..1926=100.. 91.5 89.4 82.1 79.9 Commodity prices: Cost of living index 1926=10081.4 77.6 81.8 81.0 80.8 Wholesale price index 1926=100.. 66.9 67.7 66.6 66.6 66.8 Employment, total (first of month) .1926=100— 77.6 87.5 89.1 88.7 86.3 Construction and maintenance...1926=100.. 60.8 83.2 92.9 93.3 90.0 Manufacturing 1926=100.. 76.8 85.8 86.0 85.4 82.6 Mining 1926=100.. 89.9 97.9 96.8 95.0 94.8 Service 1926=100— 99.9 114.7 116.8 119.9 117.0 Trade 1926=100108.6 116.2 116.1 115.4 113.8 Transportation 1926=10078.9 84.3 85.5 85.9 85.3 Finance: Banking: Bank debits mills, of dolls.. 2,175 2,203 2,176 2,116 Exchange. (See Finance.) 113.2 114.4 Interest rates 1926=100110.6 103.3 98.1 195 249 253 Commercial failures . number 233 Life insurance, sales of ordinary life (15 cos.) thous. of dolls.. 30,497 30,998 40,963 34,469 28,370 Security issues and prices: New bond issues, total thous. of dolls. _ 11,173 24,520 20,735 27,972 59,529 485 360 Corporation thous. of dolls.. 0 50 1,350 Dominion and provincial thous. of dolls— 7,815 17,750 5,000 21,150 55,980 Municipal thous. of dolls.. 2,873 6,770 15,685 5,472 3,189 0 Railways _ thous. of dolls 0 0 o 5.420 5.48 4.95 5.30 Bond yields percent— 45.8 43.2 Common stock prices, total 1926=100- ~"~63.~7~ 49.6 59.0 Banks 1926=100— 64.6 65.7 60.5 67.1 73.9 51.4 48.8 56.6 Industrials 1926=10069.9 85.8 Utilities 1926=10047.2 36.9 34.9 41.8 51.9 • Revised. * New series. For earlier data see p. 18 of the February 1933 issue. § Data revised for 1932. For revision for full year 1932 see p. 55 of the June 1933 issue. 77.1 71.9 31.5 128.0 74.3 60.5 89.5 91.3 68.1 64.6 64.7 114.3 189.0 213.9 77.1 75.3 70.4 30.7 127.8 70.6 64.7 99.3 88.8 59.8 66.4 67.5 113.7 83.8 87.4 67.4 75.8 71.8 39.4 134.4 72.3 65.8 86.4 86.9 60.1 47.3 70.6 111.6 62.3 59.5 74.5 72.6 67.7 19.5 131.3 70.2 60.0 90.5 86.1 58.4 47.5 59.8 113.4 59.1 56.6 70.3 68.1 62.2 25.2 131.6 62.2 63.4 80.5 84.3 56.1 56.6 52.4 111.5 56.1 52.5 71.9 67.0 60.9 23.4 136.1 58.7 59.8 94.2 83.8 57.9 49.6 50.8 110.9 76.5 75.9 79.4 68.4 62.5 16.1 134.4 62.7 60.7 91.4 84.8 61.8 51.1 50.0 110.5 129.0 140.2 77.8 70.5 65.0 20.6 134. 9 66.8 63.7 81.9 85.8 69.2 47.3 44.2 110.1 104.1 109.7 79.2 81.1 66.9 86.0 84.4 83.1 96.5 119.4 113.1 86.5 80.4 65.0 86.7 84.3 84.1 98.2 109.8 114.5 87.2 80.4 64.8 84.7 77.9 81.7 101.2 106.5 115.4 84.5 80.0 64.0 83.2 67.6 80.3 99.9 103.7 117.8 83.9 79.7 63.9 78.5 58.5 74.4 96.9 102.2 119.6 78.3 79.0 63.6 °77.0 °56.2 75.0 94.0 104.2 109.4 75.0 78.4 64.4 76.9 56.5 75.8 94.6 102.9 107.3 74.1 78.6 65.4 76.0 54.7 76.0 91.4 102.5 107.6 74.2 2,098 2,367 2,466 2,085 1,969 1,830 1,887 1,877 101.9 98.1 102.3 102.7 98.7 100.0 101.3 246 295 301 273 99.2 279 25,207 29,858 34,003 33,483 29,367 26,323 29,763 29,770 71,103 106,046 45,094 180 125 825 178 0 19,987 0 425 0 731 625 10,707 0 68,350 2,573 104,275 1,646 35,000 9,269 4.70 54.8 74.4 63.1 49.1 4.90 53.4 69.6 62.5 46.6 19,000 987 0 4.75 51.6 67.5 59.6 44.6 0 425 4.88 63.0 76.1 73.8 56.9 0 178 0 0 106 0 0 10,707 0 4.85 51.9 59. & 67.5 38.5 0 0 0 4.92 51.3 67.5 58.4 45.1 0 4.73 47.6 65.5 56.3 38.6 4.79 47.3 62.3 57.3 38.2 56 SURVEY OF CUREENT BUSINESS Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found in the 1932 Annual Supplement to the Survey July 1933 1933 1933 1933 May May June Decem- January FebruAugust SeptemOctober November ber ber ary July March April CANADIAN STATISTICS—Continued Foreign trade: Exports.. thous. of dolls.. Imports thous. of dolls.. Exports, volume: Automobiles. (See Transportation Equip.) Newsprint. (See Paper and Paper Products.) Wheat thous. of bu__ Wheat flour thous. of bbl__ Trade with U.S. (See Foreign Trade.) Railway statistics: Carloadings thous. of cars Financial results: Operating revenues thous. of dolls Operating expenses thous. of dolls Operating income thous. of dolls.. Operating results: Freight carried 1 mile mills, of t o n s . . Passengers carried 1 mile mills, of passengersCommodity statistics: Production: Automobiles. (See Transportation Equip.) Electrical energy, central stations mills, of kw.-hr.. Pig iron thous. of long t o n s . . Steel ingots and castings thous. of long t o n s . . Livestock, inspected slaughter: Cattle and calves thous. of animals.. Swine thous. of animals.. Sheep and lambs thous. of animals.. Newsprint. (See Paper and Paper Products.) Silver. (See Finance.) Wheat, visible supply. (See Foodstuffs.) Wheat flour thous. of bbl__ d 46,109 32,927 41,402 44,361 41,701 40,743 43,032 35,711 41,855 36,527 42,665 34,504 57,160 37,095 46,621 37,769 43,109 28,961 32,000 24,441 26,814 23,514 37,161 32,851 20,312 20,457 21,465 565 15,543 462 15,857 571 19, 620 446 18,290 330 26,874 385 40,192 529 27,302 577 27,736 492 14,707 397 10,922 333 14,816 490 4,460 234 162 183 185 157 176 216 212 193 153 134 133 157 23,400 21,245 24,813 21,654 2,328 22,970 21,053 23,100 21,922 28,988 22,254 5,949 28,190 20,839 6,385 24,276 19,308 4,057 21,902 19,434 17,643 18,528 d 1,813 16,788 17,881 d 2,073 20,612 19,161 3,043 2,607 2,181 1,388 1,302 1,191 1,632 2,023 129 110 1,271 13 1,198 8 1,027 268 1,569 1,572 147 138 1,230 6 122 96 90- 1,904 1,740 95 88 97 130 1,279 6 520 1,712 1,448 14 1,433 27 1,397 29 1,300 6 1,371 0 1,295 0 23 29 18 1,156 7 28 27 23 17 37 31 41 12 116 279 30 95 255 23 85 248 50 73 192 64 79 189 86 82 166 101 78 189 148 80 250 119 60 268 49 71 247 49 65 220 36 89 250 42 97 232 30 1,041 1,151 1,202 1,272 1,385 1,722 1,943 1,010 859 845 1,005 1,013 0 7 12 Deficit. CHANGES IN STATISTICAL SERIES MADE SINCE PUBLICATION OF THE 1932 ANNUAL SUPPLEMENT DATA ADDED IN DECEMBER 1932 ISSUE Page Fairchild retail price index 24 World prices, foodstuffs and raw materials 24 Chain-store sales index 26 Department-store sales, Philadelphia 27 Factory employment, Baltimore, Milwaukee, Maryland, and Massachusetts _. 28 Miscellaneous employment: Civil service, United States 28 Trade union members employed, by groups 28 Factory pay rolls, Baltimore, Milwaukee, Philadelphia, M aryland, and M assachusetts 29 Hourly earnings, United States (National Industrial Conference Board) 29 Weekly earnings, factory, Massachusetts 30 Net gold imports, including gold released from earmark —.. 32 Pyroxylin rods, sheets, and tubes, production, shipments. 38 Residual fuel oil, production and stocks 43 Gas oil and distillates, production and stocks 43 Convection type radiators, new orders 46 Plumbing fixtures, wholesale price _ 46 Plumbers' brass, shipments— 49 Tin and terne plate, production 47 Tin consumption in manufacture of tin and terne plate 48 Mechanical stokers, new orders _ 48 Rubber heels and soles, total shipments 51 Illuminating glassware, new orders, production, shipments, and stocks 52 Gypsum, imports, production, and shipments 52 Auto accessories and parts, composite index of shipments 54 Canadian statistics, electric-power production index... _ 55 DATA ADDED IN THE JUNE 1933 ISSUE Building costs, all types (American Appraisal Co.). 25 Factory employment, Chicago 28 Nonmanufacturing employment—banks, brokerage houses, etc.; dyeing and cleaning; and laundries 28 DATA ADDED IN THE J U N E 1 9 3 3 I S S U E Continued Page Miscellaneous employment—Federal and State highways, construction and maintenance 28 Factory pay rolls, New York and Chicago 29 Nonmanufacturing pay rolls—banks, brokerage houses, etc.; dyeing and cleaning; and laundries. 29 Bond prices, U.S. Government (Standard Statistics) 33 Airplane travel, passengers carried, passenger miles flown _ _ 35 Lard compound, wholesale price, tierces, Chicago. 37 Lard, refined, wholesale price, tierces, Chicago 41 Leather production (Tanner's Council) 43 Household furniture, plant operations, all districts 45 Rope paper sacks, shipments 50 Face brick, machine production 51 DATA DROPPED IN DECEMBER 1932 ISSUE t Industrial production indexes: Copper (mined), metals, nonferrous _ Stock indexes, world copper stocks Construction volume (A.O.C.). Factory operations, proportion full time worked, miscellaneous group. Applicants at employment agencies, Western States Methanol, stocks: At crude plants At refineries and in transit Pine-oil stocks Paints, varnish, and lacquer products, unclassified sales, 315 establishments Milk, condensed and evaporated, total exports, production, and stocks Gas and fuel oil, production and stocks (combined series) Hides and skins, stocks, all series Sole and belting leather, production, stocks, all series Upper leather, production, stocks, all series Walnut lumber, orders, production, shipments, and stocks t Pages refer to those upon which series were last shown in the November 1932 and May 1933 issues. O 22 23 25 28 28 36 36 36 38 39 42 43 43 43 44 DATA DROPPED IN DECEMBER 1932 ISSUE-Continued Page North Carolina pine, production and shipments— 44 Iron and steel, boilers (round and square) and radiators, new orders 46 Enameled sanitary ware, baths, lavatories, sinks, miscellaneous, all series 46 Enameled sheet-metal ware, shipments 46 Plumbing fixtures, wholesale price_. 46 Mechanical stokers, large (see new series) new orders 48 Copper: Production, all series 48 Shipments, domestic, refined 48 Stocks (North and South America), blister and refined 48 Porcelain, nail knobs, tubes, shipments 49 Galvanized sheet-metal ware, all series 49 Newsprint, production, percent of capacity 50 Binders' board, production _ 51 Glass containers, unfilled orders 52 Illuminating glassware, orders, production, shipments, and stocks. (See new series) 52 DATA DROPPED IN JUNE 1933 ISSUE t Farm products—price index of dairy and poultry products _ __ Building costs, by types of construction (American Appraisal Co.) McLellan 5- and 10-cent stores (sales and stores)._ Hours of work per week in factories, nominal or full-time week (National Industrial Conference Board). Unemployment, applicants, at employment agencies _ _. Gold, held under earmark for foreign account Bond prices, domestic, U.S. Liberty (N.Y. Trust Co.) ._ Rope paper sacks, shipments Scrap rubber, stocks at reclaimers Face brick production (brick drawn from kilns).. Glass containers, net new orders Cotton textiles, production, shipments, stocks, etc. Wool machinery activity, sets of cards 23 25 26 28 29 32 33 50 50 51 51 53 53 INDEX TO MONTHLY BUSINESS STATISTICS Page 50 Abrasive paper and cloth 30 Acceptances, bankers' 54 Accessories, automobile Advertising, magazine, newspaper, radio _,. 25,26 Africa, United States trade with 34 Agricultural wages, loans. « 30 Air-conditioning equipment 47 Air mail 26 Airplanes 35,54 Alcohol, denatured, ethyl, methanol 36 Aluminum 48 Animal fats, glues, greases 36,37 Anthracite industry 22 29,42 Apparel, wearing_, 29,52 Argentina, United States trade with; exchange; flaxseed stocks 32, 34,37 Asia, United States trade with. 34 Asphalt..... 43 Automobiles22,27,28, 29,54 Babbitt metal _. 48 Bank suspensions 31 Barley 39 Bathroom fixtures 46 Beef and veal 40 Bituminous coal 22,28,29,42 Boiler and boiler fittings 46 Bonds, prices, sales, value, yields 33 Book publication. <. 50 Boxes, paper, shipping 50 Brass 49 Brazil, coffee; exchange; United States trade with. _ 32,34,41 Brick 51 Brokers' loans » 30 Bronze „ 49 Building contracts awarded-24,25 Building costs -25 Building materials 24,25,44,46,47,51 Business activity index (Annalist) 22 Business failures 31 Butter _ 39 Canadian statistics,. 55,56 Candy 41 Canal traffic 35 Capital issues 32 Carloadings 22,34,35 Cattle and calves 40,43 Cement . _ 22,27,29,51 Chain-store sales 26,27 Cheese _ _ 39 Chile, exchange; United States trade with... 32,34 Cigars and cigarettes 42 Civil-service employees 28 Clay products _ 23,24,27,28,29,51 Clothing 24,25, 27, 28, 29,52 Coal _ 22,28,29,42 Cocoa 41 Coffee 23,41 Coke.. 42 Collections, electrical trade 26 Commercial paper 30 Communications 35 Construction: Contracts awarded, indexes » 24 Costs 25 Highways 25 Material costs 25 Copper 48 Copper wire cloth 49 Copra and coconut oil 37 Corn 39 Cost-of-\iving index. 23 Cotton, raw and manufactures 23,52 Cottonseed, cake and meal, oil 37 Crops 23,37,39,40,52 Dairy products 23,39 Debits, bank _ _ 30 Debt, United States Government 32 Delaware, employment, payrolls 28,29 Department-store sales and stocks 27 Deposits, bank 30 Disputes, labor 29 Dividend payments 33 Douglas fir 44 Earnings, factory .. 29,30 Eggs 23,41 Electric power, production, sales, revenues.. 22,38 Electrical energy, consumption index . . . 22, 23 Electrical equipment 48,49 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 Engineering construction 25 England, exchange; United States trade with. 32,34 Exchange rates, foreign 32 Expenditures, United States Government 32 Explosives 36 Exports 34 Factory employment, pay rolls, operations 27, 28,29,30 Page Factory operations, proportion of full time worked 28 Failures, bank; commercial 31 Fairchild retail price index 24 Fares, street railways 34 Farm employees 28 Farm prices, index 23 Federal Government, finances 32 Federal-aid highways 25,28 Federal reserve banks, condition of 30 Federal reserve member bank statistics 30 Fertilizers 36 Fire-extinguishing equipment 54 Fire losses 25 Fish and fish oils 37,41 Flaxseed 37 Flooring, oak, maple, beech, and birch 44 Flour, wheat 40 Food products 22,23,27,28,29,39,40,41 Footwear 44,51 Foreign trade, indexes, values 34 Foundry equipment 47 France, exchange; United States trade with. 32,34 Freight cars (equipment) 27,54 Freight carloadings, cars, indexes 34,35 Freight-car surplus 35 Fruits 23,39 Fuel equipment 47,48 Fuels 42,43 Furniture 45,47 Gas, customers, sales, revenues 38 Gas and fuel oils 42,43 Gasoline 43 General Motors sales 54 Glass and glassware 22, 27, 28, 29, 52 Gloves and mittens 43 Gold 32 Goods in warehouses 26 Grains , 23,24,39,40 Gypsum 52 Hardwoods 44 Heels, rubber 51 Hides and skins 43 Hogs 40,41,43 Hosiery 52 Hotels 28,29,35 Housing 23,25 Illinois, employees, factory earnings 28, 29,30 Imports 34 Income-tax receipts 32 Incorporations, business 26 Industrial production, indexes 22 Installment sales, New England 27 Insurance, life 31 Interest payments 33 Interest rates 30 Investments, Federal reserve member banks. 30 Iron, ore; crude; manufactures 22,45,46 Italy, exchange; United States trade with.. 32,34 Japan, exchange; United States trade with.. 32,34 Kerosene 43 Labor turnover, disputes 29 Lamb and mutton 41, 43 Lard . 41 Lead _ __ 48 Leather .... 22, 23, 24, 25, 26, 27, 28, 29,43 Leather, artificial 54 Liberty bonds 33 Linseed oil, cake, and meal 37 Livestock 23,40,41,43 Loans, agricultural, brokers', time 30 Locomotives 54, 55 Looms, woolen, activity 53 Lubricating oil 43 Lumber 22,23,24,27,28,29,44,45 Lumber yards, sales, stocks 44 Machine activity, cotton, silk, wool 53 Machinery 25,26,27,28,29,34,47,48,49 Machine tools, orders, shipments 48 Magazine advertising 25,26 Manufacturing 22 Marketing, agricultural, forest products 23 Maryland, employment, pay rolls 28, 29 Massachusetts, employment, pay rolls 28,29 Meats 40,41 Metals 22,23,27,28,29,45,46,47 Methanol 36 Mexico: Petroleum production and exports 42 Silver production 32 United States trade with 34 Milk 39 Minerals 22,42,45,48 Money in circulation 32 Naval stores 23,36 Netherlands, exchange 32 New Jersey, employment, pay rolls 28, 29 Newsprint i 50 New York, employment, pay rolls, canal traffic 28,29,35 New York Stock Exchange 30,33 Notes in circulation 30 Oats 39 Oceania; United States trade with 34 Ohio employment 28 | Page Ohio River traffic _ _. 35 Oils and fats 36,37 Oleomargarine 33 Orders, indexes, new and unfilled 23 Paints 38 Passengers, street railways; Pullman 34,35 Passports issued 35 Paper and pulp __ 22, 23, 24, 27, 28, 29,49, 50 Pay rolls: Factory, Federal Reserve Board 29 Factory, by cities and States 29 Nonmanufacturing industries 29 Pennsylvania, employment, pay rolls 28,29 Petroleum and products 22,27,28,29,42,43 Pig iron 22,45 Pork . . . 40,41 Postal business 26 Postal savings 31 Poultry _ 23,41 Prices: Cost of living, indexes 23 Farm, indexes . 23 Retail, indexes 24 Wholesale, indexes -s 24 Warld, foodstuffs and raw material 24 Printing 50 Production, industrial 22 Profits, corporation 32 Pyroxylin products 38 Public finance 32 Public utilities _. 28,29,34,35,38 Pullman Co 35 Pumps 48 Radiators 46 Radio, advertising __ 25 Railroads; operations; equipment; financial statistics 34,35,54,55 Railways, street 34 Rayon 53 Real-estate market activity 25 Registrations, automobiles 54 Rents, index 23 Retail trade: Chain stores: 5 and 10 26,27 Grocery 27 Restaurant 27 Department stores 27 Mail order 27 Roofing. 38 Rice . 39,40 Rubber, crude; scrap; clothing; footwear; tires . 22,23,24,27,28,29,50,51 Rye T 40 Sanitary ware 46 Savings deposits 30 Sheep and lambs 41 Shoes 22,24,25,26,27,28,29,44 Shipbuilding 22, 27, 28, 29, 55 Silk 23,53 Silver 22,32 Skins 43 Softwoods 44,45 Spain, exchange 32 Spindle activity, cotton 53 Steel, crude; manufactures 22,46,47 Stockholders 33 Stock indexes, domestic and world 23 Stocks, department stores 27 Stocks, issues, prices, sales, yields 33 Stone, clay, and glass products 22,23,28,51,52 Sugar 23,41 Sulphur . 36 Sulphuric acid 36 Superphosphate 36 Tea - - - 23,41 Telephones and telegraphs 35 Terneplate 47 Terra cotta 52 Textiles, miscellaneous products 53,54 Tile 52 Timber - - 44,45 Tin and tin plate 23,48 Tires 22,24,27,28,29,51 Tobacco 22,25,26,27,28,29,42 Tools, machine 48 Trade-unions, employment 28 Travel 35 Trucks and tractors, industrial electric, 55 United Kingdom, exchange; United States trade with — 31,34 Uruguay, exchange 32 United States Steel Corporation 30,33,47 Utilities 28,29,32,34,35,38,55 Vegetable oils 37 Vegetables — _- 23,39 Wages . 29,30 Warehouses, space occupied 26 Waterway traffic 35 Wheat and flour 23,40 Wholesale prices 24 Wisconsin, employment; pay rolls 28, 29 Wood pulp 49 Wool . 22,23,53 Zinc _. 22,48