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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