Full text of Survey of Current Business : June 1932
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
JUNE, 1932 SURVEY OF CURRENT BUSINESS UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON VOLUME 12 NUMBER 6 Over 100 new of statistical and an index have been added in this issue of the SURVEY OF CURRENT BUSINESS. The contents of the monthly business statistics section have been changed markedly, both as to presentation and arrangement. With the aid of the index these changes will enable the reader to find those series in which he is more particularly interested with a minimum of effort. The SURVEY now assembles under one cover more than 2,100 series of data on current business movements—simplifying the work of business men, research workers, and others desiring to keep informed on all phases of business activity. The 1932 annual supplement to the SURVEY is in process of printing. This volume contains the same series as the current number, on a monthly basis back to 1923, together with monthly averages for earlier years, where available. It has been revised thoroughly in form and content and the joint use of the monthly and the annual is facilitated by the uniform presentation of data. V o l u m e 12 Number 6 J U N E , 1932 W E E K L Y DATA THROUGH MAY 21, 1932 M O N T H L Y DATA T H R O U G H A P R I L SURVEY OF CURRENT BUSINESS PUBLISHED BY U N I T E D STATERS D E P A R T M E N T O F C O M M E R C E BUREAU OF FOREIGN AND DOMESTIC COMMERCE WASHINGTON CONTENTS SUMMARIES AND CHARTS Business indicators Business situation summarized Comparison of principal data, 1928 to 1932 Commodity prices Domestic trade Employment Finance: Credit and banking Security and money markets Foreign trade Real estate and construction Transportation Survey of individual industries: Automobiles and rubber. Chemicals Farm and food products Forest products Iron and steel Textiles Miscellaneous industries Page 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 STATISTICAL DATA New and revised series: Foreign-trade indexes Cash dividend payments Weekly business statistics 20 20 21 STATISTICAL DATA—Continued Monthly business statistics: Business indexes Commodity prices Construction and real estate , Domestic trade Employment conditions and wages Finance Foreign trade Transportation and communications Statistics on individual industries: Chemicals and allied products Electric power and gas Foodstuffs and tobacco Fuels and by-products Leather and products Lumber and manufactures Metals and manufactures: Iron and steel Machinery and apparatus Nonferrous metals Paper and printing Rubber and products Stone, clay, and glass products Textile products Transportation equipment Canadian statistics Index 22 23 24 25 27 30 34 34 36 38 39 42 43 44 , 45 48 49 50 51 52 53 55 56 Inside back cover Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year which includes the 12 monthly numbers, the annual supplement and the 52 weekly supplements. Foreign subscriptions without weekly supplements, 32.50. Make remittances only to Superintendent of Documents, Washington, D. C., by postal money order, express order, or New York draft. Currency at sender's risk. Postage stamps or foreign money not accepted 120541—32 1 Page SURVEY OF CURRENT BUSINESS June, 1932 Business Indicators 1923-1925 = 100 INDUSTRIAL PRODUCTION 160 INDUSTRIAL PRODUCTION 160 S MANUFACTURES (ADJUSTED) ° 100 40 40 FACTORY EMPLOYMENT 160 FACTORY PAYROLLS 160 f UNADJUSTED 100 40 TOTAL FREIGHT CAR LOADINGS 160 FREIGHT CAR LOADINGS L.C.L. 160 /UNADJUSTED H&JisADJUSTED ( 100 4-0 ' < ' DEPARTMENT STORE SALES 200 [ ! i ' I !! ! [ i ! ' I I I I I I I I I I I I I I I I I ! I I I I I I I I I ! I I I I ! i i ! I I i I ! I i I I WHOLESALE PRICES 160 VALUE OF EXPORTS VALUE OF IMPORTS BANK DEBITS OUTSIDE NEW YORK CITY 2OO 200 BUILDING CONTRACTS AWARDED {-UNADJUSTED - UNADJUSTED 100 100 0 ADJUSTED 1928 1929 1930 1931 ADJUSTED FOR SEASONAL VARIATION 1932 o I9Z8 1929 I960 193! 1932 SURVEY OF CUERENT BUSINESS June, 1932 Business Situation Summarized April and the first half of May there DURING has been a further decline in business activity, accompanied by a marked shrinkage in the volume of employment and pay rolls. Prices have continued under pressure, with a further recession in the general level of wholesale prices. Usually a slight seasonal recession occurs in industrial production in April, but the decline last month was in excess of that normalry experienced. The drop of 4.5 per cent in the adjusted index resulted from a decline in both manufacturing and mineral production, the latter having shown increases in the preceding two months. Automobile production recorded a belated seasonal expansion in April, and there has been a further gain during the current month. This activity has also contributed to a slight gain in the rate of operations in the steel industry during May. Increased output in April was also reported for the food products, lumber, and cement industries, while among the extractive industries increases were reported for petroleum, anthracite, and silver. With the exception of the cement and anthracite industries, these gains resulted in advances in the adjusted indexes. The change in the hard-coal industry, as well as the decline in the manufacture of tobacco, was of approximately the usual seasonal proportion. Sharp decreases occurred in the output of the textile and bituminous-coal industries. The reduction in the output of boots and shoes was also in excess of the normal movement. Industrial employment and pay rolls underwent a contraction during April in excess of the usual seasonal amount. Increased employment was reported for several industrial groups, but the gains were mainly seasonal in character. Factory employment declined 3.2 per cent, after ajustment, while pay rolls decreased about 7 per cent. Distribution of merchandise by the railroads declined by more than the usual seasonal amount during April, and there has been a further drop in the first half of May. Merchandise 1. c. 1. loadings continued at the same level as in preceding months, the loadings so far this year failing to show the usual spring expansion. Department-store sales increased by more than the normal seasonal amount in April, but reports from other leading retail outlets indicated a wider decline as compared with a year ago than in immediately preceding months. Exports and imports receded further during April, but the movement of farm products abroad has been well maintained. Building contracts awarded expanded seasonally in April, and the first half of May has brought a further increase. Banking conditions continue to improve, although the shrinkage of outstanding bank credit has not yet been halted. Security prices have again receded, but the rate of decline has slackened. Bank debits outside New York were higher than in March, but continue to run about 27 per cent below a year ago. Year and month i io i H 1 3 (3 ee S S3 °-g t jj I en ce V I g 1 1 G eg s "i 4> a i Merchandise, 1. c. 1. Total I- 3 »o g c 1 £"8 as «*«£ o^ +i cs ti a S3 0 E •^ •d4> o> ^ i I "oa 1 f f P i H3 o> OS 53 1 te •w £ 1» = IM I 1 w a Monthly average 1926-100 Monthly average 1923-1925=100 1930: April 1931: April May June July August September October November December 1932: January February __ _ March __ April Monthly average, January through April: 1930 . 1931 1932 Wholesale price index, 784 commodities i ll j a? >. Adjusted 2 Unadjusted i DepartmentForeign store sales, trade, value, value adjusted - Freight-car loadings Building contracts, all2 types, value, adjusted Factory employment and pay rolls Industrial production Bank debits outside New York City MONTHLY BUSINESS INDEXES 107 110 94 104 104 104 92.4 97.1 93 97 101 98 110 107 92 88 123.4 101 90.0 90 89 83 80 78 77 75 73 68 91 90 82 79 77 76 72 71 66 83 84 85 85 82 82 92 84 80 88 87 83 82 73 74 87 86 82 82 78 75 71 71 73 91 87 86 86 79 77 84 81 85 78.0 77.8 76.0 75.1 74.1 72.8 70.3 69.3 69.4 73.6 72.2 67.6 64.4 ! 64.3 61.8 59.4 56.2 55.8 77 79 77 78 76 78 78 70 61 80 79 77 76 72 69 69 68 69 91 92 89 87 86 88 87 85 77 88 89 89 88 86 85 83 83 83 101 97 90 65 67 87 93 95 142 106 97 95 91 88 84 86 83 180 60 57 55 54 47 45 44 44 46 53 55 57 59 54 56 51 46 48 99.5 95.6 98.4 93.5 83.8 84.3 91.9 74.0 86.7 73 65 63 61 59 59 55 49 38 74.8 73.2 72.1 72.0 72.1 71.2 70.3 70.2 68.6 71 i 71 68 64 70 70 66 63 74 75 77 71 72 70 67 64 71 68 64 61 77 78 84 79 68.1 67.8 66.4 64.3 52.4 53.6 52.3 48.7 58 59 58 57 65 62 61 59 75 75 75 75 81 78 75 73 64 64 70 76 78 78 72 180 39 45 41 38 42 41 37 36 80.6 65.2 69.6 72.8 31 27 26 26 67.3 66. 3 66.0 65.5 106 ! 87 69 108 88 67 99 84 74 93.7 78.0 66.7 96.9 72.5 51.8 91 75 58 99 63 41 89 56 39 122.4 98.6 72.1 101 75 91.0 76.566.3 1 3 73 Adjusted for number of working days. 99 88 75 2 95 88 69 ! 1 Adjusted for seasonal variation. 28 SURVEY OF CURRENT BUSINESS June, 1932 Comparison of Principal Data, 1928 to 1932 F/R5T 4- MONTHS REMAINDER OF YEAR BANK DEBITS OUTSIDE NEW YORK CITY - 50 150 100 200 (BILLIONS OF DOLLARS) 250 350 300 yzw^//z^^ X V///1 / , / /1 V /. ,\ , , , , J, / ///I/ / / , A .i. 1 ^^^^^ CONSTRUCTION CONTRACTS AWARDED - (BILLIONS OF DOLLARS) STEEL INGOT PRODUCTION -(MILLIONS OF TONS) AUTOMOBILE PRODUCTION -(THOUSANDS OF CARS) 2000 3000 4000 5000 Y//////////^^^ FREIGHT CAR LOADINGS - (MILLIONS OF CARS) 20 10 ~L'" 'y/7///////^^^ '///////////^^^^ </////////^^^ ^^^^^ 30 40 50 SURVEY OF CURRENT BUSINESS June, 1932 Commodity Prices /COMMODITY prices again weakened in April, but ^-^ prices of certain industrial goods displayed a firmer tendency. However, the advances which occurred were not sufficient to offset price declines in other commodities. A continuation of the downward drift in wholesale prices is indicated b}^ the weekly index for the current month. Wholesale prices fell to a new postwar low in April as a result of further declines in prices of farm products and foods. Of the 784 commodities or price series on which price quotations are regularly received, 271 declined from March to April, 79 advanced, and 434 remained unchanged. Rubber, leather, and hides and skins prices continued very weak, averaging about 8 per cent lower in April than in the preceding month, and prices of silk and rayon, knit goods, and woolen and worsted goods declined from 5 to 7 per cent. Butter, cheese, and milk prices dropped 4 per cent. After advancing from February to March, prices of livestock and poultry sagged in April and reached a level 2.2 per cent lower than in February. Prices of petroleum products, which have tended upward since July, 1931, advanced 14 per cent from March to April. Other advances, ranging from 2 to 3 per cent, occurred in prices of grains, structural steel, fertilizer materials, and cattle feed. By economic classes, raw-material prices averaged 1.1 per cent lower in April than in March, semimanufactured articles 2 per cent lower, and unmanufactured goods 0.6 per cent lower. Retail prices of foods declined in April, and on the 15th of the month were 1.3 per cent lower than in March, 16 per cent lower than a year ago, and only about 4 per cent higher than in 1913. From March 15 to April 15, 27 of the 42 articles on which quotations were received fell in price, 8 advanced, and 7 showed no change. The sharpest decline occurred in butter prices, which were 9 per cent lower. The more important advances were in prices of meats, except bacon, and in onions and cabbage. The declines were widespread, with 45 of the 51 cities reporting lower food prices in April than in March. After a temporary advance during March, farm prices again weakened in April, and on the 15th of the month were 3.3 per cent lower than at the same time in March. Prices of cotton arid cottonseed registered the widest declines—8 per cent. Other losses were as follows: Grains, 2 per cent; meat animals, 4.3 per cent; dairy and poultry products, 2.8 per cent. Prices of fruits and vegetables moved against the trend and advanced 6.8 per cent. Economic classes *lsi as &C 1 is & 11 *° £ 1 o w « t3 •+* u -2 V •d 3 C& Year and month Groups S '2 £ •22 « •*•» (8 3 d. e8 g S s> I m & £V £> 3 | ft S 1 05 1 & 3 •d 1 o JS 0 !s i> Is bfi .£ j3 '3 M 3 ! « i ? I«8 \! Ifad iu , 3e ! I • 9 -fi 53 « ! 3 fa 1 1 -d 3 88 $ £ W! fl £ % 3a? 05 "1 |1 , bfl ^ 0 0) *& as *£ 3 •% S 0 *«• 03 v 3 •d O A o> aa 1 C 03 a? 1 § Cost of living 2 g 8 Retail foods i Wholesale * Farm, combined index, 27 commodities 3 1 INDEXES OF COMMODITY PRICES Mo. Mo. Mo. average average to average 1923 = 1909 1913= 1914 = 100 100 100 Monthly average 1926=100 r 1930: April 1931: April May June July August September.. ._ October November _ _ - December 1932: January February _ _ _ _ March April Monthly average, January through April: 1930 1931 _ 1932 1 Department of Labor. 90.7 89.8 86.1 95.8 94.9 87.8 93.5 91.2 79.5 102.7 93.5 95.3 84.0 81.0 97.9 127 151 74.8 78.3 73.2 76.9 72.1 76.0 72.0 76.1 72.1 76.4 71.2 75.9 70.3 i 75.1 70.2 74.8 68.6 73.3 68.3 66.5 64.7 64.3 64.1 62.7 61.5 62.0 60.2 71.5 69.8 69.3 69.3 68.3 66.7 65.2 64.9 63.7 70.1 67.1 65.4 64.9 63.5 60.5 58.8 58.7 55.7 76.3 75.9 73.8 75.1 73.3 74.1 74.0 73 9 74.6 74.2 73.7 73.9 73.3 72.9 71.0 73.5 69.1 72.3 81.5 80.0 79.3 78 1 77.6 77.0 76.1 76.2 75.7 81.3 65.4 87.5 80.5 65.3 87.6 79.4 62.9 88.0 78 9 62 9 89.4 76.9 66.5 88.7 76.3 67.4 85.0 75.6 67.8 82.5 76.1 69.4 81.6 76.1 68.3 79.8 87.9 86.8 86.4 85.7 84.9 82.7 81.0 80.9 78.5 85.7 85.0 84.4 84.3 83.9 83.9 82.8 82.6 82.2 68.2 67.4 66.6 66.5 65.5 64.5 63.0 62.2 60.8 71.5 70.5 69.7 69.7 68.3 68.2 66.6 68.7 66.8 88. 2 86.9 85.9 85.9 i 85.9 85.6 i 84.9 83.9 83.1 91 86 80 79 75 72 68 71 66 124 121 118 119 120 119 119 117 114 67.3 72.1 58.3 66.3 71.4 56.9 66 0 ! 71.5 56.1 65.5 71.1 55.5 63.1 61.9 60.8 59.6 52.8 50.6 50.2 49.2 64.7 62.5 62.3 61.0 71.7 71.3 70.9 70.9 74.8 73.4 73.2 72.5 75.7 75.5 75.3 74.7 67.9 68.3 67.9 70.2 79.3 78.3 77.3 75. 0 77.7 77.5 77.1 76.3 81.8 80.9 80.8 80.3 59.9 59.8 58.7 57.0 65.6 64.7 64.7 64.7 81.4 80.1 79.6 78.8 63 i 60 ' 61 59 109 105 105 104 91.2 70.3 56.7 88.5 72.8 61.4 97.4 71.0 50.7 95.6 78.2 62.6 88.6 77.6 71.2 93.9 82.6 73.5 92.0 83.0 75.3 80.4 103.7 69.9 87 7 68.6 77.5 93.6 88.1 77.2 96.5 86.4 81.0 85.6 70.1 58.9 81. 1 71.8 64.9 98.4 89.5 80.0 130 92 j 61 152 128 106 90.0 91.0 76.5 66.3 91.3 79.9 71.5 2 National Industrial Conference Board. 3 Department of Agriculture. SURVEY OF CURRENT BUSINESS 6 June, 1932 Domestic Trade ment by motor-truck transport, but definite figures on this traffic are lacking. Commercial failures were fewer in number during April than in March, but the total continues abnormally high and the liabilities involved in April insolvencies reached a new high record. April failures were fewer in all classes of business, but insolvencies in the manufacturing industries were only one less than recorded for March and the liabilities of the companies involved exceeded those of the preceding month. Wholesale and retail trading companies had a much better month than the manufacturers, and all but six classes in this group reported fewer failures. Liabilities of trading companies amounted to $42,000,000 in April, compared with $44,000,000 in March. The record of business incorporations is presented in the SURVEY OF CURRENT BUSINESS for the first time in this issue. This indicator is based on returns from four leading States and reveals that new enterprises have been inaugurated in large numbers despite current business conditions. New enterprises in these four States have exceeded in number the commercial failures so far during the present year. Newspaper advertising in April was only slightly less than in March. Magazine advertising, however, continued to expand, and increased 6 per cent over the preceding month. The average monthly lineage for magazines and newspapers during the first four months of 1932 has declined 25 per cent and 16 per cent, respectively, in comparison with a year ago. trade continues on a restricted level, with K5TAIL some gradual expansion in certain lines but generally of less than seasonal proportions. During the latter half of April sales of clothing and furnishings showed moderate gains that were carried over into the first two weeks of May. Jobbers and wholesalers report their activities have been mainly confined to reorders that have followed each period of favorable shopping weather, as retailers have continued to order cautiously. Department-store sales during April advanced to the highest point of the current year, and the adjusted index of the Federal Reserve Board increased to the level of last December. Available figures on the sales through other retail outlets, however, do not afford the same favorable comparison. The decline in the dollar sales volume of 38 chain-store and mail-order houses amounted to 15 per cent as compared with April of last year. This is the largest percentage decline recorded for this group for any month during the current depression. The decline for the same group amounted to 13 per cent for the first four months of the current year in comparison with the same period a year ago. Movement of odd-lot merchandise as indicated by 1. c. 1. freight shipments continued during April at about the level of March. Ordinarily there is a moderate gain in these movements at this period of the year, and the adjusted index declined 3 per cent. Part of this loss may be ascribed to an expanded move- DOMESTIC TRADE STATISTICS Year and month Departmentstore sales Freight-car Five-and-tenDepartment-3 loariiugs, cent store store stocks chandise, merI. c. i. sales Unad- Adjust- justed 2 ed i Unad- Adjust- justed 2 ed Unad- Adjust- justed 2 ed Unad- Adjust- justed ed* 1933 1 110 107 101 97 90 65 67 87 93 97 142 106 97 95 91 88 84 86 i 83 ; 81 64 64 70 76 78 78 72 80 95 88 69 ! Corrected to average daily sales. Postal receipts, 50 selected cities Thousands of dollars Monthly average, 1923-1925=100 1930: April _. 1931: April May June July August _ September October November. _ __ December 1932: January February __ . March April._ Monthly average, January through April: 1930 1931 Mailorder sales, 2 houses Commercial failures Failures XT,, NUm bber p ~ Advertising lineage Business incorporaLiabil- Maga- News- itions, zine paper states ities Thou- Thou1 sands sands iC-of! N™ber of dolls. of lines lines 101 97 101 98 ; 159 161 : 56, 561 32, 644 2, 198 49, 059 3,173 101 3,245 87 85 80 75 76 84 88 73 83 83 82 81 79 81 80 79 78 91 92 89 87 86 88 87 85 77 88 ' 89 89 88 86 85 83 83 83 ! 160 156 148 140 143 142 169 148 279 168 168 162 149 160 156 152 147 144 52, 078 50, 070 49, 480 45, 093 43, 004 45, 955 52, 280 45, 898 58, 821 29, 257 27, 844 26, 442 24, 578 23, 389 26, 335 28, 618 25, 355 34, 906 2,383 2,248 1,993 1,983 1, 944 1,936 2,362 2,195 2, 758 50,868 ! 53,371 51,656 60,998 53, 025 47,256 i 70,660 I 60,660 | 73, 213 2,422 2,364 2,191 1,613 1,316 1,603 1,911 1,882 1,626 89 88 80 67 67 77 88 82 77 3,278 3,096 3,166 2,867 2,704 2,453 2,846 2,774 3,012 67 69 72 62 75 73 70 70 75 75 75 75 81 78 75 73 115 121 138 134 155 156 146 141 31, 975 32, 581 33, 959 39, 745 25, 312 24, 061 26, 677 24, 272 3,458 2,732 2,951 2,816 96,860 ! 84,900 i 93,760 101,069 1,138 1,469 1,677 1,777 68 64 72 ! 71 3,311 2,930 3,202 3,073 49, 502 43, 992 34, 565 31, 694 28, 753 25,081 ! 2,392 2,717 2,989 54,604 66,368 94,147 2,592 2,030 1,515 92 82 69 3,217 3,179 3,129 89 99 88 75 96 83 68 2 "" 1 137 139 127 Adjusted for seasonal variation. 3 End of month figures. SURVEY OF CURRENT BUSINESS June, 1932 Employment the volume of employment expanded WHILE seasonally in certain lines during April, there was a further substantial shrinkage in the total number employed in industry during the month. For the 16 major industrial groups covered by the Bureau of Labor Statistics compilation, employment declined 2.7 per cent and earnings dropped 5.1 per cent. Increased employment was reported in eight of the industrial groups, the most pronounced gains being the seasonal rise in the canning and preserving industry of 30 per cent, accompanied by an expansion in pay rolls of 19 per cent. The building-construction group reported a seasonal rise of 11 per cent in employment and 16 per cent in pay rolls, while the crude-petroleum, quarrying, and nonmetallic mining, and dyeing and cleaning groups also reported substantial gains in both employment and earnings. Electric railways and retail trade absorbed a somewhat larger number of employees, but reported a decline in earnings, while the anthracite industry reported a sharp gain in earnings but a decrease in the number of employees. Factory employment usually shows but slight change from March to April on a seasonal basis, so the decline of 3.5 per cent for the month was reflected in a drop of 3.2 per cent in the adjusted index. The seasonal expansion this year has been confined to the slight rise of|February, and the April decline was the largest since last October. Increased employment was reported for the chemical and railroad repair-shop group, while irt^the stone, clay, and glass industry employment was approximately unchanged. The gain for the chemical group was slightly less than seasonal and was attributable to the improvement in the fertilizer industry. There was a decline in the transportation group, due mainly to the drop in the automobile industry, but increases were reported for both the locomotive and shipbuilding industries. While employment in the food group also declined, the drop was less than seasonal, and increases were reported in the beet-sugar, beverage, ice cream, and butter industries. In the leather industry the adjusted employment index remained unchanged, the only group, aside from foodstuffs, not reporting a decline on the basis of the adjusted indexes. Factory pay rolls underwent a further contraction of about 7 per cent during April, and dropped below 50 per cent of the 1923-1925 average. For the first four months of the year pay rolls have averaged 29 per cent below a year ago. Increased earnings were reported in 15 of the 89 manufacturing groups reporting, including the ice cream, flour milling, beet sugar, beverage, butter, cutlery and edge tools, naval stores, fertilizer, soap, stone, locomotive, ship building industries, railroad repair shops, and sawmills. Employment among trade-union members failed to maintain the slight gain shown by the revised figure for March. The number employed in the building, printing, and metal trades decreased, and the total for all other trades was unchanged. The number employed part time increased from 20 to 21 per cent of the total membership. STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES Year and month Factory emAnthracite ployment F.B.B.! mining F. K. B. factory pay \ rolls, unadEmUnad- Ad- justed Pay ployjusted justed i ment roils 1 Bituminous coalmining Power, light, and water Employment Employment Monthly average, 1923-1925=100 1930: April 1931: April _ May June . July August.. September October November December.. 1932: January. February March April. Monthly average, January through April: 1930 _ 1931 1933 Employment Pay rolls Employment Monthly average, 1929=100 Number Per cent Cents of total members per hour 92.4 97.1 84.1 75.0 94.4 81.7 100.7 102.6 98.9 103.4 97.3 97.5 162 79 40 77.9 77.1 75.0 73.8 74.2 74.7 71.4 68.7 67.9 78.0 77.8 76.0 75.1 74.1 72.8 70.3 69.3 69.4 73.6 72.2 67.6 64.4 64.3 61.8 59.4 56.2 55.8 85.2 80.3 76.1 65.1 67.3 80.0 86.8 83.5 79.8 75.2 76.1 66.7 53.7 56.4 64.9 91.1 79.5 78.4 85.9 82.4 78.4 76.4 77.0 80.4 81.3 81.1 81.2 58.6 54.4 52.4 50.4 50.6 53.6 56.2 54.6 52.3 97.1 97.6 97.2 96.7 95.9 94.7 92.7 91.3 90.3 97.6 98.7 98.3 97.4 96.2 94.3 93.2 93.3 91.2 88.1 87.4 86.9 86.6 85.9 85.0 84.1 83.5 83.1 95.0 94.1 95.0 93.3 92.3 92.1 91.6 89.7 92.7 90.1 89.9 89.1 83.9 81.8 86.6 89.8 90.9 106.2 88.3 88.0 87.6 83.3 80.3 83.5 84.6 85.4 94.1 177 181 205 209 217 196 221 214 191 75 75 75 74 74 74 74 73 70 35 37 37 36 36 34 35 34 33 66.3 67.3 66.3 64.0 68.1 67.8 66.4 64.3 52.4 53.6 52.3 48.7 76.2 71.2 73.7 70.1 61. 5 1 57.3 61.2 72.0 80.8 77.4 75.2 65.5 47.0 47.0 46.8 33.9 89.3 87.2 85. 5 84. 8 88.4 86.0 85.4 82.4 83.0 82.0 81.7 81.2 89.1 89.6 88.2 83.4 84.3 80.5 81.4 81.6 78.0 73.7 73.4 72.7 207 188 197 69 69 70 69 32 33 34 33 96.9 72.5 51.8 93.9 86.8 72.8 95.2 84.4 63.0 99.5 90.0 74.7 92.9 66.4 43.7 99.7 97.7 86.7 101.2 99.6 85.6 100.0 89.1 82.0 104.1 96.0 87. 6 96.1 88.8 82.0 97.2 88.0 74.5 186 196 79 74 69 40 36 33 77. 4 66.0 i Adjusted for seasonal variation. Pay rolls Employ- Employ- Wages, comment ment, mon I agencies, trade- labor in appliunion road memcants per Pay 100 jobs buildbers rolls ing Retail trade 92.6 93.1 1 Pay rolls Telephone and telegraph 8 SURVEY OF CURRENT BUSINESS June, 1932 Finance—Credit and Banking T?URTHER improvement in general banking condi•*• tions occurred in April and May, a continuation of the trend inaugurated in February. Bank failures have been held down to normal proportions, and the return flow of hoarded currency to the banks has continued, although at a slackened pace. The contraction of bank credit, however, has not been halted despite the large-scale purchases of Government securities on the part of the reserve authorities. This continued shrinkage of outstanding credit accommodation is revealed each week in the report of the member bank loans. Since the end of March there has been an average weekly reduction in these loans of approximately $75,000,000. During the past year the loan account of the member banks has shown a reduction of well over $3,000,000,000, of which about 35 per cent represented the reduction in commercial loans and the balance the decline in security loans. Investments of the member banks have increased by about $233,000,000 since March, principally the result of purchases of Government securities. The Federal reserve authorities have continued their purchases of Government securities during May on an unprecedented scale. Since April 6 the reserve banks have purchased these securities to the extent of $581,000,000, bringing the total holdings of the system to $1,466,000,000, as compared with $867,000,000 held on the same date a year ago. Funds paid for the purchase of these securities find reflection in the member bank reserve account with the reserve banks, but these are ordinarily held at a minimum by the member banks, and the excess is usually employed in reducing member bank indebtedness and in expanding the earning assets of the banks. The former has occurred in the current instance, but the banks have so far not employed their excess balances to expand commercial credit, or to enlarge their investment portfolio in securities, aside from governments. The member bank reserve balances on May 18 amounted to $2,192,000,000, as compared with $1,942,000,000 on April 6. Of the former amount $1,027,000,000 was in the New York district, as against $867,000,000 on April 6. The continued shrinkage in the volume of eligible paper available as collateral for reserve notes has resulted in the utilization of an increasing amount of gold for backing the reserve circulation. In early May the ratio of gold held exclusively against notes reached 90 per cent. With the continued export of gold, which has again assumed important proportions, the reserve authorities found the amount available for operating purposes too low, and availed of the provisions of the Glass-Steagall Act, which permits the substitution of Government securities for part of the gold backing. At the same time the reserve board announced that the system's reserves of gold, in excess of legal requirements, amounted to $1,400,000,000. CREDIT AND BANKING STATISTICS Bank debits Reporting member banks, Wednesday closest to end of month i """ Year and month New York City Outside New York City Loans on securities Another loans Investments Net Total gold 1 bankimDePostal ers* ac- ports savings, inceptMoney posits New balin : !!"""" "" ances cluding York ance to circugold h ii Mem-I outState credit standlation savings of dereber ing Total i bank leased banks positors deposits ! reserve I end of from ear;|c-t month mark Con dition of Federal reserve banks, end of month w -iio • ' S iJ^/o^t United dis- jJJ^r States count- " "i securiBU Total reserve bank credit " -Set; «« Thousands of dollars MILLIONS OF DOLLARS 1930: April 1931: April MayJune. _ July August September . October November _ December 1932: January February.. March ApriL 38, 631 24, 315 8,381 8,583 5,789 1 1, 006 233 210 530 i 2,434 26, 821 25, 072 25, 893 21, 007 17, 501 20, 073 20, 678 14, 464 19, 233 19, 620 18, 858 19, 406 18, 444 16, 526 16, 627 18, 125 14, 605 17, 112 7,052 6,867 6,746 6, 544 6, 519 6, 346 5, 897 5,807 5,777 7,941 7,863 7. 945 7,942 7,879 7,845 7,624 7,543 7,327 7, 903 7,807 7, 795 7,810 7, 665 7,916 7, 700 7,506 7,428 937 917 943 1 976 1.255 1, 578 2, 184 1,931 1, 853 157 174 149 195 255 328 728 718 638 163 125 106 73 215 469 681 452 339 598 598 668 678 728 742 727 717 817 ! i ! ! ! i l | 2,434 I I 2,371 2.442 ! 2.389 2,504 ! 2,381 2,527 2,367 2,632 j 2,373 2,506 ! 2 S 364 2, 380 ! 2, 167 2,252 i 2,051 2,125 1 1,961 17, 676 14, 381 16, 160 15,558 15, 893 12, 870 13, 729 14, 366 5,574 5,440 5, 328 5,099 7,256 7. 148 6'. 883 6,783 7, 149 6,935 7, 143 7,151 1,856 1,709 1, 597 1,850 899 828 639 556 153 109 68 48 746 740 ! 8/2 i 1,228 2,093 i 1,947 1.937 1.849 2.012 | 1,924 2.225 2,124 2,385 66.2 4,518 4,507 170, 152 42.0 53.6 156. 1 -10.2 41. 5 -258.5 -445. 3 117.7 34.0 4,647 4,679 4, 750 4,836 4,947 5,133 5,478 5,518 5,611 5, 059 5,083 5,156 5, 149 5, 173 5,231 5, 217 5, 213 5,255 313, 775 325, 028 347, 417 372, 457 422, 699 468. 908 536', 660 564, 809 605, 112 961 ! -49.6 919 : -64.2 911 33.6 879 -29.0 5,645 5,627 5,531 5,452 5, 236 5,239 5.290 5,258 658, 081 683, 627 697. 280 713, 867 1,414 i 1,422 1,413 1, 368 1,228 1, 090 996 1, 040 1,002 974 ! ! i ; SURVEY OF CURRENT BUSINESS June, 1932 Finance—Security and Money Markets /CONDITIONS in the money market have been ^-^ influenced mainly by the credit-easing operations of the reserve banks which have tended to lower interest rates, particularly on short-term and Government obligations. The investment demand for bills has continued well in excess of the available supply, with the result that the yield has been held to around 1 per cent. The volume of bankers' acceptances outstanding underwent a further contraction of $32,000,000 during April, part of which was attributable to seasonal influences. The average yield on short-term Government securities dropped from 2.25 per cent in March to 1.11 per cent in April. The rates on time loans and commercial paper were lower, although the callloan renewal rate was unchanged at 2.50 per cent. The accumulation of funds in New York has made it difficult to find an outlet through the type of investment currently demanded, and during May the interest rates allowed by the clearing-house banks to depositors was reduced by one-half of 1 per cent, making the new rates one-half of 1 per cent on demand deposits, except for mutual-savings-bank deposits, upon which 1 per cent, the rate on time deposits, is allowed. The market for long-term corporate security issues remains dormant, and the small amount of flotations during April consisted mainly of short-term corporate issues and farm loan and municipal financing. During the first four months of the current year capital issues have been only 29 per cent of the total of a year ago, and over one-fifth was for refunding purposes. The decline in dividend payments during the past year, which has proceeded almost without interruption, is graphically shown by the series on the average dividend rate per share which is compiled by Moody's and presented in this issue. The April rate of $1.60 per share for 600 identical concerns represents a reduction of 36 per cent from a year ago, and compares with a high of $3.06 in March, 1930. A further decline has occurred during May. Securit}7" prices have again receded to new low levels, but the decline so far during May has not been as severe as in the two preceding months. Stock prices have declined, with only minor interruption since early March, and the "averages" during this period have dropped about one-third. The quoted value of all shares listed on the New York Stock Exchange was $4,182,000,000 lower at the end of April than at the end of the preceding month. The turnover on the exchange remains low, with buying interest lacking. Bond prices failed to maintain the improvement of mid-April, and during the final week of the month and so far in May have moved progressively lower. United States Government securities have been an exception to the general trend. Sales of bonds on the New York Stock Exchange were approximately the same as in March. SECURITY AND MONEY MARKET STATISTICS Dividend and interest payments Capital issues Stock R Common Bond stock yields yields W k l^ "; stocks SB? Year and month 1930' April 1931: April May June July August September October November December 1932: January February March.. April _ .. .._ _ Per cent Per cent 181.0 111,041 3.78 4.74 959, 823 905, 120 27, 435 763, 881 419, 681 3.04 \\ 4.00 54, 335 46, 661 58, 719 33, 540 24, 890 51, 140 47, 895 37, 369 50, 190 5.43 5.95 5.96 5.66 5.74 6. 51 7.28 7.06 8.66 4.43 4.43 4.45 4.44 4.50 4.70 5.16 5.19 5.81 591,411 427, 713 402, 307 267, 137 126, 836 313, 330 45, 932 130, 787 139, 391 387, 294 344, 164 251, 163 222, 564 120, 329 270, 540 44, 988 110, 215 118, 751 7,235 9,485 3,425 800 2,100 66, 785 9,125 2,619 3,185 745, 673 556, 124 762, 077 945, 976 489, 858 532, 840 747, 157 557, 742 670, 951 434, 873 268, 124 416, 377 559, 076 245, 158 300, 340 458, 757 306, 742 439, 851 2.49 2.41 2.36 2.31 2.26 2.18 2.10 2.05 1.96 34, 342 31,719 33, 061 31, 403 8.22 8.04 7.16 9.15 5.86 5.91 5.70 6.00 193, 939 94, 497 190, 020 142, 319 179, 919 73, 389 160, 612 70,268 1,075 0 905 490 997, 938 443, 200 494, 269 654, 200 594, 838 247, 300 279, 569 427, 500 1.89 1.76 1.67 1.60 58.0 56.5 56.8 43 a 1 120541—32 Total Thou1926 = sands of 100 shares 109.2 _ _ 98.0 95.1 98.2 95.5 81.7 69.7 71.7 57.7 _ Total Longterm New capital real issues estate bonds j j Range o f open mari ket money rates Aver- j New York age j dhi- | dend i per ii ComCall Interest share (600 i mon- Time merpaycom! eyrecial loans ments panies) jnewal paper i Thousands of dollars j Dollars! i Wednesday closest to end of month. Brokers' loans Per cent | Ra-1 tio | to.} market value Millions of dollars Per cent ! 4,274 5,063 6.72 2 2 2 j 2 -41/4 3^-4^ 3M-4 1,730 1,539 1,479 1,390 1,366 1,172 869 720 591 1,651 1,435 1, 391 1,344 1, 354 1,044 796 730 587 3.40 3.37 2.93 3.03 3.04 3.23 2.33 2.35 2.20 3M-4 334-4 3^-3M 3M-3^ 505 495 525 495 512 525 533 379 1.94 1.90 2.18 1.87 4 -4M 3%-4 | 1.52 1% 2M i l 1.45 1H-2 ! i 1.50 i ! 1.50 1% iy2 , j 1.50 iM-iM i\ 1.50 1^-2 2.10 2^-4 i | 2.50 3 -4 ! j 2.70 3 -4 ;l i ! 2.65 3^-4 i j 2.50 3M-3^ ! j 2.50 2M-3H || 2.50 2 -3 2 End of month. ReMade byre- ported by the port ing New m em- York Stock ber i Exbanks N. Y. C. change2 v/v-m 1 1 A 2M 2 -m 2 10 SUEVEY OF CURRENT BUSINESS June, 1932 Foreign Trade ALTHOUGH the value of United States exports - * ^ during April was lower than in March, our leading agricultural products continued to move abroad in larger quantities than in the corresponding period of a year ago. Total exports, amounting to $136,000,000, showed a greater decline than imports, with the result that the favorable balance of merchandise trade dropped to $9,000,000. Gold exports of $49,500,000 in April were $5,600,000 greater than in March, while imports of $19,000,000 were about the same. The seasonal drop in foreign shipments of raw cotton from 499,000,000 pounds in March to 295,000,000 pounds in April was the principal factor in the decline in value of total exports. April shipments of wheat increased as compared with those in March and were larger than in the corresponding period of any postwar year except 1921 and 1927. South America, Greece, the United Kingdom, France, and Belgium were the leading markets for wheat in the order mentioned. Exports of meat products showed a smaller than customary decline during April, while shipments of apples and canned and evaporated fruit fell off considerably. Among our finished manufactures, exports of gasoline increased 667,000 barrels, while cotton-cloth exports of 44,200,000 square yards were 5,900,000 square yards greater than in March. The latter figures reflect the favorable reception by the trade of the improved styles and fabrics currently offered. Exports of machinery, automobiles, and rubber manufactures showed decreases. Our imports during April included smaller quantities of crude rubber, raw silk, cocoa, and coffee, but larger amounts of crude petroleum, advanced mineral oils, newsprint, tin, furs, tobacco, and fruits than in March. The value of cane-sugar imports increased $2,000,000 owing to heavier receipts from the Philippines. Imports of 336,000,000 pounds from the Philippines and Virgin Islands were valued at $9,000,000, while imports of 365,000,000 pounds from Cuba were valued at slightly less than $3,000,000. The decline in value of exports during the current year as compared with 1931 was due in a large part to the drop in prices of all classes of commodities and in part to reductions in foreign sales of our leading manufactured articles. Shipments of raw cotton, cotton cloth, and wheat were substantially in excess of the shipments in the corresponding period of 1931. The decrease in volume of both exports and imports in comparison with the corresponding period of a year ago has slackened during the current year. In the first quarter of 1932 the drop in exports and imports amounted to 16 per cent and 4 per cent, respectively. In both instances, the losses were smaller than the respective declines of 20 per cent and 10 per cent in the full year 1931 compared with 1930. EXPORTS AND IMPORTS 1 Exports of United States merchandise General imports ! Year and month Exports, including reexports l Crude materials Raw Total cotton Foodstuffs Finished manufactures i SemiFruits manWheat Meats and ufaeTotal and and prep- ! tures Total flour fats arations AutomoMa- biles, Gasochin- parts, line ery and accessories Total FinSemi- ished manu- manuma- Foodfacfacterials stuffs tures Millions of dollars 331.7 1930: April.. 1931: 215.1 April 204.0 May _. . 187.2 June 180.7 July 164. 8 August ._ 180.2 September 204.9 October _ 193.6 November 183.6 December 1932: 150.0 January 153.9 February March . __ 155.3 April 135.2 Cumulative, January through April: 1930 ... 1, 461. 0 1931 924.9 1932 594.4 1 52.4 31.1 37.0 9.1 12.8 4.6 47.7 189.3 51.0 35.1 23.0 307.8 105.6 69.7 61.8 70.8 40.2 36.5 29.1 28.4 25.5 44.4 63.6 68.1 68.4 22.9 18.9 13.5 13.5 9.9 23.5 39.8 43.6 47.3 28.2 29.4 28.7 32.3 28.1 28.4 39.3 34.5 27.1 5.7 7.4 8.8 11.6 7.0 6.7 8.8 8.5 7.6 8.5 7.8 7.1 6.8 6.4 6.3 7.1 6.0 7.3 6.4 6.5 5.7 7.6 8.0 9.2 16.2 11.6 6.6 31.1 29.9 27.5 28.0 23.9 21 A 21.2 20.8 20.6 110.6 103.4 97.6 88.4 84.1 83.2 77.3 67.0 64.7 31.0 26.6 28.3 22.7 20.4 24.7 20.2 15.7 17.7 18.1 14.2 12.8 11.5 10.7 8.7 8.5 5.5 7.9 10.4 12.5 7.2 9.0 8.8 7.2 7.2 8.3 5.9 185. 7 180.2 173. 5 174.5 166.7 170.4 168.7 149.7 152.9 54.7 54.2 52.4 50.0 47.7 52.9 52.4 47.8 49.9 51.9 49.6 47.2 47.1 45.4 35.1 36.8 33.0 36.7 33.4 30.4 29.7 30.0 28.3 30.3 29.0 27.4 25.3 45.7 45.5 44.2 47.4 45.3 52.0 50.5 41.2 41.1 49.7 52.6 50.4 34.0 36.0 j 23.7 37.3 22.8 36.5 21.7 20.7 21.0 5.3 5.1 5.4 7.6 6.1 6.0 4. 7 4.2 7.4 7.0 5.9 4.0 18.8 18.3 18.3 18.9 54.7 57.3 61.3 58.5 11.4 13.8 13.5 12.2 6.8 7.4 9.3 7.8 7.6 7.0 6.3 8.3 135.5 131. 0 131.2 126. 7 38.1 37.3 36.0 36.3 38.3 37.8 42.4 38.1 26.6 24.1 20.0 18.9 32.5 31.8 32.8 33.4 48.3 17.7 23.3 61.0 41.3 21.0 28.2 36.8 24.3 193.0 124.5 74.3 764.2 454. 0 231.9 220.3 141.7 50.8 132.6 67.4 31.4 91.3 1,201.0 43.2 754.0 29.3 524. 4 414.9 235.0 147.8 259.9 196.4 156.5 251.5 141.6 89.6 274.7 181.1 130.5 294.5 202.9 186.7 185.1 115.5 130.5 185.2 126.2 89.1 Reexports of foreign merchandise during April, 1932, were $2,828,000. ! l 11 SURVEY OF CUEEENT BUSINESS June, 1932 Real Estate and Construction was the third consecutive month to record A PRIL an increase in the value of construction contracts awarded, and a further improvement in the daily average volume was reported for the first half of May. The April gain of 8.9 per cent over March contrasts with a decline of the same proportions in the corresponding period of last year. The increase in April and May has been of approximately the usual seasonal proportions, and the Federal Reserve Board's adjusted index, based on a 3-month moving average of values, was unchanged from March to April. The improvement in the latter month was due almost wholly to greater activity in public works and utility construction, which explains the decline in measurable footage for the month. The Middle Atlantic States, excluding New York, again took the lead in the value of awards, which totaled $22,000,000 for that section during April. Measurable footage and value of residential building in April fell off 15 per cent and 13 per cent, respectively, and were approximately one-third the similar totals for the same month last year. A marked relative advancement was reported for public works and utility undertakings, which gained 7 per cent in footage and 58 per cent in value over the amounts for March. Total value of such contracts let so far this year, however, was less than one-third the amount of awards given out during these months in 1931. Output of cement advanced 13 per cent over that of the previous month. Lumber shipments have continued to exceed production and stocks have been further reduced. Fabricated structural-steel orders were maintained at the March level, but the tonnage of all bookings during the first four months of 1932 was less than the amount reported for April a year ago. According to the Engineering News-Record's index, construction costs, including prices of structural steel shapes, cement, lumber, and the rates paid common labor, dropped 3 per cent from March, touching a new low for the depression. Compared with April of 1931, building costs were 20 per cent lower in the same month this year. Building-material prices for frame and brick houses also continued to decline. The market for long-term real-estate bonds remains inactive and the total flotations so far this year have been relatively insignificant. Public funds are being utilized to finance construction for certain important projects, notably the Pennsylvania electrification project, through the Reconstruction Finance Corporation. BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE Year and month F. B. B. index (3 months moving All types of average construction of values ! adjust, ed) Maple Oak floor- flooring ing Besidential building Public works and utilities Shipments Monthly MilMilThou- MilMil- lions Mil- sands average lions of lions of lions of of lions of square of square 1923square dollars dollars dollars feet 1925=100 feet feet 1930: April 1931: April May June July ._ August September October November December 1932: January February March April Monthly average, January through April: 1930 1931 1933 Building material prices Building materials Building contracts awarded Long-term real estate bonds ConFabristruccated tion Cecost, ment strucEng. tural steel Frame Brick Newshouse house Bee. Production Beal estate market acTo tivity, finance deeds new record- Total coned struction New orders MonthThouThousands of Thou- sands av- Thousands of of month, month- ly feet, board sands of shortof First erage dollars ly average 1913=100 1926= barrels tons measure 100 101 56.6 483 25.4 123.1 1,999 165.7 4,096 31, 874 13, 521 223 173 176 207.1 73.0 27, 435 8,295 73 65 63 61 59 59 55 49 38 39.4 38.9 33.7 33.8 30.6 30.1 30.7 20.5 17.2 337 306 316 286 233 251 242 151 137 22.6 21.9 16.9 15.9 14.1 13.0 15.2 11.0 8.8 95.9 88.9 72.7 63.9 60.2 54.6 60.5 45.3 36.2 785 387 1,117 1, 233 737 353 171 271 280 133.0 108.9 140.8 116.3 73.0 85.1 82.5 47.4 50.3 3,226 28, 155 3,315 27, 745 3,778 23, 131 3,447 25, 691 3,397 21, 464 3,144 19, 486 2,703 18, 203 2, 481 13, 907 1,928 12, 976 11, 245 14, 010 14, 118 13, 899 13, 549 12, 092 10, 762 8,161 5,974 285 152 172 160 124 194 109 91 98 157 160 158 155 156 154 156 158 156 167 167 166 164 163 161 162 163 161 191.6 189. 3 187.2 174.4 171.4 171.4 169.8 169.3 166.2 62.0 61.3 58.4 61.1 59.8 60.3 63.2 59.0 64.5 7,235 9,485 3,425 800 2,100 66, 785 9,125 2,619 3,185 1,700 0 1,000 300 565 395 500 725 0 31 27 26 26 12.6 12.3 16.9 13.9 85 89 112 123 6.9 6.1 8.5 7.2 27.5 24.4 33.2 28.9 300 176 197 211 24.1 28.3 29.9 47.3 1,759 2,061 2, 495 11, 673 11,359 13, 360 12, 555 5,026 3,971 4,847 5,478 48 62 64 64 156 157 155 154 161 163 162 160 162.5 161.8 157.2 153.1 57.8 58.8 1,075 0 905 490 240 0 0 490 101 75 28 45.3 32.6 13.9 395 293 102 18.8 18.4 7.3 91.5 82.3 28.5 1,518 487 221 137.8 114.6 32.4 3,738 2,873 31, 690 23, 619 12, 237 10, 352 8,001 4,831 242 195 60 177 162 156 180 170 162 207.4 194.3 158.7 73.2 64.1 19, 360 4, 340 618 8,396 1,763 183 12 SURVEY OF CURRENT BUSINESS June, 1932 Transportation OTAL loadings of revenue freight during April Tdeclined by slightly more than the normal seasonal amount. The adjusted index dropped to 59 per cent of the 1923-1925 average and was at the lowest point of the current recession. Actual loadings declined 3 per cent from the preceding month and were 26 per cent below April, 1931. Increased loadings as compared with March occurred in the grain and grain products, livestock, ore, and miscellaneous groups, while declines were recorded in the other classes. As compared with the loadings in April, 1931, all classes were considerably lower. The number of idle freight cars, including all types, increased to 728,000 at the end of April. This was an increase of 23,000 over the preceding month and of 125,000 over a year ago. Shipments of freight cars by manufacturers during the month were larger than in March, but were markedly lower than in April, 1931. Unfilled orders for locomotives, both steam and electric, declined from 170 in March to 162 in April. Freight traffic handled by Class I roads in March, 1932, amounted to 23,579,783,000 net ton miles. Compared with March, 1931, this showed a reduction of 21 per cent; as compared with March, 1930, the reduction was about one-third. Class I roads for the first three months of this year had a net operating income of $66,064,000, which was at the annual rate of return of 1.28 per cent on their property investment. In the corresponding period a year ago their operating income was $108,533,156, or 2.10 per cent on their property investment. Dividend payments of steam railroads during April declined 8 per cent from the preceding month and were 23 per cent lower than a year ago. Street-railway dividends amounting to $7,500,000 in April showed an increase of 53 per cent over the payments made in March, 1932, but were 6 per cent lower than in April, 1931. Inland waterway traffic on the Monongahela, Allegheny, and Ohio Rivers continued to increase seasonally. As compared with the tonnage carried in April, last year an increase occurred in traffic on the Allegheny River, while cargo movement on the other rivers declined. The decline in cargo carried in Government-owned barges on the Mississippi River from 113,000 tons in March to 99,000 tons in April was occasioned by decreased cotton shipments and changes in the rate structure. Cargo movement through the Sault Ste. Marie and New York State Canals in April showed marked declines when compared with the same month last year. Clearances of vessels engaged in foreign trade, both foreign and American, during April totaled 5,313,000 net tons. This tonnage compares with 5,240,000 in March and 5,907,000 a year ago. I f •d 5 GC 3 H 1 4) X o o I 1A •«f §1 1 a 1 Monthly average, 1923-1925—1000 1930: April 1931: April May June July August September.... October November... December. __ 1932: January February.. March AprilMonthly average, January2 through April : 1930 1931 1933 w * g I ! 1 •3 1 d £ a A A u £ 1 1 if II CJ en *S I Thou- Thous. of dol- Thous. dollars sands oflars Thousands of cars 2 1 Canal and river traffic | Canals Rivers j i • OC « e —i i ftd a^ i a* £ « •30 eg es «*v fc ggas xL, ® SJ i! *s m 2 *"g«« "®g^ Panama Canal, American vessels, both directions Year and month £V «T S Dividend payments, steam railways F. R. B. index Freight-car surplus Freight-car loadings Pullman passengers carried RAIL AND WATER TRAFFIC Thous. of Thousands of short tons I long tons 93 97 912.3 135.9 10.2 57.4 39.1 24.5 251.0 16.6 377.6 428 2,420 62, 312 40,000 410 312 101 77 79 77 78 76 78 78 70 61 80 79 77 76 72 69 69 68 69 751.6 740.3 747.9 732.7 749.5 727.0 763.0 654.9 568.3 116.1 113.9 110.6 108.2 118.8 124.2 145.5 121.4 117.6 7.0 6.5 5.5 4.8 4.6 4.8 5.6 5.3 5.8 32.8 32.9 31.3 26.6 27.6 26.1 24.6 21.9 17.8 37.5 35.9 35.0 55.0 45.7 37.2 38.5 36.2 29.7 21.8 20.5 18.6 17.8 21.2 24.1 29.0 25.9 21.6 225.1 217.5 219.0 207.4 213.8 210.2 216.2 201.6 185.6 8.0 17.3 29.8 34.7 35.0 30.3 20.4 6.3 3.8 303.2 293.4 298.1 278.2 282.7 270.1 283.0 236.4 188.2 603 616 599 564 574 564 535 659 751 1,986 1,900 2,051 2,023 2, 091 1,969 1,674 1,526 1,677 39, 074 41, 264 50, 163 56, 535 55, 859 55, 319 64, 020 36, 580 21, 263 36,800 31,500 34,000 41,500 33, 500 26,500 36, 000 32, 450 28,800 922 4,335 6,645 7,613 8,385 7,126 6,248 3,049 284 349 457 385 506 425 587 505 510 0 82 J 100 86 ! 104 ! 104 107 105 : 86 168 929 937 828 820 859 884 930 676 774 58 59 58 57 64 62 61 59 567.4 561.3 571. 7 554.6 115.2 115.0 121.3 93.3 5.7 18.4 6.2 19.3 6.1 20.0 3.8 19.7 31.0 34. 3 28.9 30.8 22. 1 19.0 16.5 18.7 186.6 183.0 187.3 186.3 2.9 2.7 2.6 3.4 185.6 181. 9 187. 5 199.6 742 722 705 738 1,643 1, 424 1,404 11,714 22, 043 32, 289 42,500 29, 000 30, 500 38, 300 0 0 0 369 0 0 0 350 131 113 113 99 652 623 726 620 885.6 728.2 563.8 158.9 135.4 111.0 10.7 55.3 40.4 25.2 243.4 8.2 33.7 39.4 22.3 216.0 5.5 19.4 31.3 19.1 185.8 11.0 6.2 3.9 340.6 267.0 188.7 433 631 734 2,504 2, 019 59, 714 36, 902 47, 775 45, 225 33, 550 91 75 58 i Daily average basis. 2 Freight-car loadings are on an average weekly basis. : 81 :' 78 114 | i 1,120 1, 162 915 657 SURVEY OF CURRENT BUSINESS June, 1932 13 Automobiles and Rubber ACTIVITY in the automotive industry expanded •^~*- steadily during April and the early part of May. Production schedules declined successively through each month of the first quarter, but in April the gain in output was greater than seasonal and the adjusted index of the Federal Reserve Board rose 25 per cent. Truck output during March did not keep pace with the production of passenger cars, but in April commercial vehicles gained 39 per cent, while passenger cars increased only 22 per cent. Retail sales of motor vehicles expanded during April and May. Several producers conducted intensified sales campaigns, and in most instances good results were reported. The market situation was also clarified somewhat by the last of the low-priced producers presenting his product and reaching volume production. R. L. Polk & Co. estimate new passenger-car sales for April at approximately 119,540 units. This is based upon reports of registrations and represents a gain of 20 per cent over March. The March level of truck sales was not maintained, and the estimated total for April was placed at 16,600 units. Canadian production did not follow the trend of the American industry and a decline of 18 per cent in April followed the gains of the preceding four months. The peak of activity was reached in March, when the output was considerably above the level of the other months. Evidence of declining output in the rubber-producing countries continues to accumulate, but the year as a whole is expected to show production slightly in excess of world consumption. The United States tire demand for 1932 is now placed at 40,000,000 tires, against 49,200,000 in 1931, and rubber consumption for 1932 at 310,000 tons, against 350,000 in 1931. (Last month the estimated renewal-tire sales for the year were erroneously reported as for the first quarter, the period upon which the estimate was based.) Use of reclaimed rubber for 1932 is now estimated under 75,000 tons, against 123,000 in 1931, and is declining more rapidly than consumption of crude rubber. Manufacturers' and distributors' tire inventories on April 1 were estimated at about 17,250,000 casings, against 17,500,000 a year previous. Manufacturers' inventories were high at the end of February, and in March and April rubber consumption and tire production declined from the February level. Both employment and pay rolls in the rubber industry declined in April, according to the Federal Reserve Board indexes. Declines were general and the adjusted index of employment was 6 per cent below April, 1931. AUTOMOBILE AND RUBBER STATISTICS Automobile exports Automobile production United States Year and month F.R.B. index, adjusted Total Canada Passen- Taxi- Trucks ger cabs cars 1 Total production Passen- Trucks ger cars Automobile financing New passenger By car reg- 1 whole- Retail istra- ! sale purtions deal- chasers ers Pneumatic tires Production Crude rubber DoDo- mestic World mestic conIm- stocks, ship- sump- ports end of ments tion, month total 1 Monthly average 19231925= Millions of dollars Number Thousands Thousands Long tons 100 1930: April 1931: April -_ Mav June _- - - July August September October November December 1932: January February _March _._ April Monthly average, January through April: 1930 1931 1932 ! 444 372 486 71, 092 24, 257 23, 777 11,461 357, 064 85 147 4,518 3,886 36, 186 45, 648 419, 288 11 60 52 40 26 36 66 337 317 251 218 187 141 80 69 122 286 271 210 184 155 109 58 48 97 665 340 360 180 104 141 651 999 1,144 50, 022 45, 688 40, 244 34, 317 31, 772 31, 338 21, 727 19, 683 23, 644 17, 159 12, 738 6,835 4,220 4,544 2,646 1,440 1,247 2,432 11, 228 8,468 5,843 6,478 5,699 4,577 3,207 1,928 5,753 5,499 4,498 4,340 3,518 2,356 4,171 4,500 1, 184 3,333 265, 732 247, 727 201,911 194, 322 155, 744 124, 903 102, 659 75, 829 77, 564 71 73 58 49 44 36 26 16 29 113 109 105 96 80 68 61 49 50 3, 955 4,543 4,538 3,941 3,125 2,538 2,379 2,001 2, 115 3,804 4,197 4,320 4,244 3,845 3,034 2, 185 2,223 2,171 30, 655 34, 792 34, 883 29, 382 25, 379 21, 747 20, 495 21, 108 19, 696 44,908 35, 844 46, 939 44, 052 39, 033 38,933 41, 398 45, 103 53, 818 520, 232 531,516 536, 982 549, 127 550, 580 554, 458 582, 000 606, 197 619, 906 45 35 28 35 119 117 119 148 99 94 99 121 97 25 74 31 20, 541 23, 308 19, 560 27, 141 3,731 5,477 8,318 6,810 4,474 4,930 5,541 4,449 2,515 2,113 3, 183 1,630 85, 684 81, 853 91, 297 119,540 35 33 34 45 45 51 56 2,770 3,097 2,937 2,545 1,973 2,281 25, 725 33, 552 27, 611 28, 298 25, 602 45, 588 23,877 38,454 630, 267 636, 206 634, 513 635, 000 100 69 36 361 251 126 303 209 103 931 529 57 56, 591 42, 059 22, 638 17, 731 11, 630 6,084 19, 983 10, 061 4,849 10, 012 5,056 2,360 328, 707 181, 873 94,594 69 56 34 107 83 49 3,911 3,453 3,493 3,096 32, 741 28, 396 25, 704 102 77 45, 451 407, 880 39, 167 515,388 36, 473 633, 997 14 SURVEY OF CUERENT BUSINESS June, 1932 Chemical Industries operations continued at a relatively CHEMICAL low level in April, and employment in the industry increased by slightly less than usual at this season. The adjusted index of the Federal Keserve Board receded to a point 14 per cent below this time a year ago. In spite of the seasonal rise in employment, pay rolls declined still further to a new low level, about one-fourth less than a year ago. Stocks of cottonseed at the mills fell off seasonally in April but remained at record high levels, being almost five and a half times the quantity on hand at this time a year ago. Stocks of crude cottonseed oil declined further during the month, but stocks of refined cottonseed oil were at a record high level in April, having increased during the month instead of showing the customary seasonal decline. Production of ethyl alcohol declined further in March, as did that of both refined and synthetic methanol. Ethyl-alcohol output was a fifth less than a year ago, while production of refined methanol was down almost 60 per cent. Warehouse stocks of ethyl alcohol have increased slightly more than seasonally and are greater than a year ago. Stocks of refined methanol also increased in March, but were over 40 per cent less than a year ago. By-product coke production declined in April slightly more than seasonally to an amount 40 per cent less than a year ago. The production of explosives in March, reflecting the low level of construction activity, was 33 per cent lower than a year ago. Shipments, however, were somewhat larger than the output and stocks at the end of March declined. Wood-turpentine production increased seasonally in April, while stocks at plants declined. Production was 30 per cent less than a year ago, while stocks were a third less. Wood-rosin output, which increased slightly over March, was a fourth less than a year ago, while stocks at plants also declined to a quantity 30 per cent less than a year ago. Net receipts of gum turpentine at three ports increased sharply, but less than seasonally in April. Receipts were over a third less than a year ago. Stocks at these ports decreased in April, continuing a steady decline since last October, but at the end of the month were almost 30 per cent greater than a year ago. Fertilizer consumption in southern States increased in April, although March is usually the peak month. Consumption was, however, still almost a fourth less than a year ago. Total fertilizer imports declined seasonally in April after the unusually large imports in March. Imports of nitrate of soda increased in April after being almost nil in March, but the quantity imported so far this year has been comparatively small. CHEMICALS STATISTICS General operations Employment F. R. B. Indexes Year and month Alcohol ReSynfined thetic Ethyl methmethanol anol Stocks Pay Manu- Raw Unad- Ad- rolls, facjusted justed unad- tured matejusted goods rials i Southern States. Fertilizer Byproduct coke Explosives Rosin, wood Tur- Superpentine, phoswood phates ConTotal Nitrate soda sump- im- ofimtion i ports i ports Production Thousands of gallons Monthly average, 1923-1925= 100 1930: April 1931: April May June July August September October _ _ November December. 1932: January _ _ February.. March April Monthly average, January through April: 1930 1931 1932 ! Thous. of short tons Thous. of Ibs. Barrels Thous. of short tons Long tons 111.7 105.6 110.9 134 100 12, 221 524 535 4,217 30, 967 43, 919 8,303 393 1,372 177, 327 69, 788 96.7 91.4 86.7 86.2 84.4 86.0 85.7 83.5 82.0 91.7 93.0 89.6 89.4 86.6 85.7 85.4 83.1 81.9 92.0 88.4 84.1 82.9 80.4 80.8 80.8 76.4 75.0 128 127 122 116 115 118 125 129 124 92 88 88 87 85 100 121 134 125 11, 162 13, 120 13,111 11, 975 12, 363 12, 952 16, 037 14, 084 14, 002 211 118 107 92 65 57 56 87 142 785 784 654 438 316 663 510 364 328 3,146 3,126 2,715 2,569 2,443 2,310 2,389 2,276 2,234 28, 280 26, 960 25, 981 25, 068 24, 548 26, 598 25, 282 24, 509 18, 595 35, 585 33 593 34, 747 28, 495 17, 074 25, 058 26, 102 21, 440 23, 242 6,344 5,996 5,675 4,370 2,607 3,797 3,922 3,547 3,733 245 224 178 196 210 173 188 179 231 1,133 195 74 25 40 91 94 66 67 143, 250 72, 159 59, 970 97, 358 127, 599 146, 700 120, 822 77, 849 70, 754 67, 008 34, 006 29, 711 18, 809 35, 367 48, 590 33, 968 29, 871 17, 029 81.7 81.1 81.1 83.4 81.9 80.2 78.6 78.5 71.4 72.1 70.1 68.5 128 136 135 133 116 107 102 95 13, 224 10, 340 9,526 149 120 103 586 546 514 2,101 1,996 2,089 1,883 18, 175 18, 064 17, 092 16,804 23, 196 20, 006 26, 187 26,443 3,626 3,121 4,329 4,415 215 204 170 172 365 644 868 89, 070 84, 160 100, 136 61,433 30, 114 8,404 54 2,675 111.2 95.4 81.6 108. 3 93.1 79.8 110.4 91.2 70.5 138 130 133 108 100 105 11,229 10, 955 414 248 520 738 4,181 3,098 3,017 31, 605 27, 612 17,534 42, 363 31, 487 33, 958 7,855 5,619 3,873 413 292 1,210 859 513 240, 652 169, 437 83,700 87, 892 75, 371 10,313 15 SURVEY OF CURRENT BUSINESS June, 1932 Farm and Food Products ROCESSING of food products gained 8 per cent Pduring April, following the sharp contraction of the preceding month. Employment in the industry also experienced a gain after adjustment for seasonal influences, the first reported so far this year. While employment remains 8 per cent below the same month a year ago, the industry has maintained its relatively favorable position. Quarterly reports on stocks of canned foods held by canners and distributors, compiled by the Bureau of the Census, indicate that distributors are carrying a supply equal to less than two months' consumption. In some isolated cases deliveries of large quantities to distributors are reported, but most large-volume distributors are buying only to meet immediate requirements. As a result of this conservative buying policy, canned foods are coming to the retail market under a schedule closely paralleling the movement of raw fruits and vegetables. Wheat receipts at principal markets during April were approximately at the level of the preceding month. The movement w^as 38 per cent below April of last year, but equaled the receipts of the same month in 1930. The monthly average of receipts for the first four months of the current year also equaled those of 1930, but were 39 per cent below last year. Visible supply of wheat in the United States decreased 9 per cent between March and April, and the total was 8.5 per cent below April a year ago. Wholesale prices of food products again declined during April after the comparative steadiness of the preceding month. Prices in this group are now 20 per cent below the same month last year and 36 per cent below April, 1930. The cash price of wheat firmed slightly after small declines, which have been in force since the first of the year. Despite this moderate rise, the aggregate cash price is 20 per cent below April of last year and 42 per cent under the same month in 1930. Wheat futures improved during the first two weeks of April, but this movement was followed by a decline which lasted through the first half of May. Renewed strength appeared during the third week of May, with all positions advancing. Receipts of cattle at primary markets during April were approximately the same as in March, while hog receipts increased moderately. Cold storage stocks of meats at the end of April were about the same as in March, but were 8 per cent below April, 1931. 1930: April 1931: April May June July _ August September .. October. _ _ November December 1932: January February March April—. .... Monthly average, January through April: 1930 ._ 1931 1933 1 Thousands Millions of pounds ll *C O O -art 1 3 Thousands of bags fi i£ Butter, apparCon- Stock, ent cold sump- storcontion, sumpage, appar- end of tion ent month Raw sugar 1 >>c -» Hog receipts Meats Cattle receipts Millions of bushels £ =3 95 97.5 94.9 54 101 13 136 1.03 22 .82 1,644 3,255 1,017 986 178 460 1, 065 95 89 83 87 88 93 92 91 97 90.6 90.8 88.7 88.1 88.1 87.5 85.5 85.9 86.3 76.3 73.8 73.3 74.0 74.6 73.7 73.3 71.0 69.1 53 62 55 103 83 119 219 159 96 101 107 118 105 94 92 97 98 97 21 31 30 104 61 39 33 26 14 200 198 191 218 243 239 231 230 221 .75 .76 .67 .47 .51 .56 .58 .69 .60 17 11 13 16 11 8 14 12 11 .58 .56 .58 .57 .46 .42 .38 .43 i .37 i 1,617 1,551 1,539 1,488 1,821 1,797 2,137 1,866 1,453 3,067 2,938 2,854 2,511 2, 454 2,727 3,462 3,752 4,210 1,004 1,060 1,045 1,012 1,043 1,067 1,194 1,020 1,048 1,100 1,062 1,014 946 798 638 506 523 736 186 221 208 198 204 189 187 161 172 460 353 382 473 532 330 269 189 217 1,126 1,415 1, 037 1,100 884 794 907 936 1,203 94 96 84 91 85.3 83.7 83.1 83.6 64.7 62.5 62.3 61.0 89 74 67 52 92 87 88 90 17 25 13 13 212 210 202 183 .61 .59 .58 .60 10 14 11 10 .37 .34 .33 .33 1,376 1,281 1,377 1,376 4,218 3,659 2,939 2,960 1,098 955 1,015 1,034 876 1,035 1,011 1,016 157 156 171 177 289 437 515 510 1,220 1,149 1,220 793 94 92 91 97.7 90.5 83.9 95.6 78.2 62.6 63 65 71 95 94 89 17 28 17 155 202 202 1.11 .72 .60 26 19 11 .82 .61 .34 1, 539 1,491 1,353 3,763 3,658 3,444 1,002 1,001 1,026 1,021 1,056 983 161 159 | 165 357 385 438 1,116 1,229 1,346 Includes receipts from Hawaii and Porto Rico. Millions of bushels Imports Animals and animal products D o l l a r s per bushel ii Monthly average, 1923-1925 = 100 Receipts, principal markets £7 II Price,Tweighted average, 6 markets, all grades o> o Monthly average, 1923-1925 = 100 D o l l a r s per bushel Visible supply, U n i t e d States, end of month Crop marketings Wholesale prices Employment adj usted Year and month Production adjusted F. K. B. Corn Wheat Receipts, principal markets ^ Food products industry Animal products, marketings FOODSTUFFS STATISTICS 16 SURVEY OF CURRENT BUSINESS June, 1932 Forest Products stocks in April were 3,000,000,000 board EMBER feet less than the high volume recorded on January 1, 1931. During the last three months of this period the reduction has amounted to 7 per cent, according to the Timber Conservation Board. However, present consumption is at a low level, at the rate of about 13,000,000,000 feet annually, as compared with approximately 37,000,000,000 in 1928. Lumber production for this year through April was 21 per cent of normal, or just over half of output a year ago. New orders in this period were a third greater than the curtailed production, which is reflected in the steady reduction in stocks. April production increased slightly more than seasonally over March and from the low record of February. Unfilled orders were being cut down by increased shipment towards the end of the month, the latter being 11 per cent above new orders in the week ending April 30, and about 5 per cent higher in the previous week. Employment declined still further in April to a point a fourth under a year ago and almost one-half less than two years ago. Pay rolls also declined in April and are now 50 per cent less than a year ago and two-thirds less than two years ago. Car loadings of forest products declined slightly in April, the weekly average for this month being 40 per cent less than a year ago and only a third of car loadings at this time two years ago. Production pf Douglas fir declined in March, wliereas there is usually a seasonal increase at this time. Production of southern hardwoods, on the other hand, increased more than seasonally in March and April. Southern pine production increased slightly, extending the steady rise from the low point reached in December. Present output is 36 per cent less than a year ago and 62 per cent under two years ago. Both new and unfilled orders declined after increasing regularly since the low level of last December. New orders have declined somewhat less than production one and two years ago at this time, being down a fourth and 55 per cent, respectively. Unfilled orders were 40 per cent less than in April a year ago and two-thirds under this month two years ago. Household furniture plant operation in the Grand Rapids district was 59 per cent of normal in March, a new low record. This was a sharp decline after the improvement in January and February. Unfilled orders also reached a new low, amounting to only about 10 days' production, and being a third less than were on hand in this month a year ago. FOREST PRODUCTS STATISTICS General operations Year and month Lumber production, adjusted Indexes of marketing EmPay Total ploy- roll, forest ment, unadprodadjusted justed ucts _. "VutTUSt September October November December 1932: January February.. March April Monthly average January through April: 1930 1931 1932 Southern hardwoods Carloadings, forest products^ Naval stores Production tinNew filled orders orders Douglas fir i Produetion Household2 furniture Southern pine UnNew filled orders orders Production UnUnPiant | filled New filled opera- orders* orders orders tion end of month 1 Thou•sands of cars Monthly average 1923-1925 = 100 1930: April 1931: April May _ June July !1 ; NumPOT. erof cent :: bda of mil f time ;P^c- Millions of feet, board measure 78 75.2 73.8 77.6 100.6 57.4 255 199 627 82.3 73.1 66.5 278 243 180 69.0 48 47 42 38 36 33 27 27 55.4 55.4 54.4 52.0 51.1 49.4 48.4 47.4 45.4 44.9 45.7 44.6 41.7 41.3 40.3 38.2 34.4 31.2 63. 6 66.7 67.2 64.6 64.3 65.7 63.1 56.7 53.3 98.3 136.5 189.9 ! 186. 7 141.5 i 111.9 ! 114.0 97.2 90.4 32.8 32.9 31.3 26. 6 27.6 26.1 24.6 21.9 17.8 146 146 143 109 101 105 105 105 86 154 158 176 139 131 131 131 131 105 463 431 419 402 375 387 374 370 367 50.5 41.4 49.9 37.3 34.4 38.8 30.0 29.0 20.5 56. 1 37.8 47.8 45.3 37.7 39.7 30.3 33.9 23.0 53.9 27.1 40.7 41.4 22.2 31.3 16.3 26.3 17.1 165 148 127 122 120 117 117 111 78 169 158 140 147 151 138 135 111 73 104 84 83 ' 83 83 74 58 62 51 67.0 70.0 74.0 80.0 73. 0 72.0 83.0 72.0 56. 5 27 23 27 28 43.9 43.3 41.2 40.2 26.6 25.9 24.5 23.2 49.5 51.1 53.1 58.0 26.4 24.1 29.6 67.8 18.4 19.3 20.0 19.7 68 83 90 101 120 105 113 105 356 315 292 272 24.8 29.0 25.6 31.4 28.1 28.5 28.4 27.8 25.3 80 89 104 106 106 119 127 110 61 ; 74 77 62 68.0 ' 73.0 59.0 i 54.0 ! 17 13 10 7 78 47 26 77.3 55.9 42.2 73.5 45.2 25.1 70.1 i 58.0 : 52.9 i 54.2 50.2 37.0 55.3 33.7 19.4 258 153 86 211 171 111 629 468 309 66.7 45.5 63.8 51.4 63.9 48.5 262 162 95 245 176 116 191 i 112 69 72.5 i 65.5 i 63.5 25 16 12 1 Weekly average. 2 Grand Rapids district. 18 ! ! i i J ' l 15 11 23 22 20 15 11 13 12 17 SURVEY OF CURRENT BUSINESS June, 1932 Iron and Steel I n d u s t r y /^ONTKAKY to the usual downward trend at this ^>* season, slightly increased production characterized the steel industry during the first three weeks of May, when the rate of operations was maintained at 24 per cent of capacity, compared to the April showing of 23 per cent. This improvement was mainly the result of increased automotive requirements, which are expected to continue upward as production schedules of the leading automobile producers are expanded further. During April iron and steel production was at a low ebb. The Federal Reserve Board's adjusted index of general operations declined below that for March, and for the first four months of the }^ear the average was slightly more than half that for the same period of 1931. Further recessions occurred in emploj^ment and pay-roll indexes. Unfilled orders of the United States Steel Corporation at the end of the month dropped to a new low for all time, and were 40 per cent below the tonnage reported for April a year ago. Production of pig iron continued downward. The daily average rate, which declined 9 per cent from that of March, was below any corresponding figure reported since July, 1921. The number of furnaces in blast at the end of the month was unchanged from the March total, and was four more than the show- ing for last December, the low for the c u r r e n t depression. Steel-ingot output was 12 per cent below that of March, which had one more working day, and 54 per cent less than the figure for April a year ago. For the first four months of the year the industry operated at an average rate of 26 per cent of capacity, with total output approximately half the tonnage produced in the corresponding period last year and one-third that in the similar months of 1930. Volume of new orders of fabricated structural steel remained at the March level, the highest showing for the year. Shipments, however, declined 17 per cent from those of the previous month, and average monthly shipments thus far in 1932 were 47 per cent of the figure for this period of 1931. Subsequent to the announcement of proposed wage reductions, steel companies experienced pressure from many directions for lowered quotations, and in spite of the resistance of the industry to further concessions, the price tendency was slightly downward in the first part of May. Excepting in the case of steel scrap, April prices were well maintained on the whole, and a slight gain was reported for the iron and steel composite. Demand for scrap was dull, with consequent further weakening of quotations. IRON AND STEEL STATISTICS General operations Year and month Production (adjusted) i Employment adjusted i 1 Steel ingots Furnaces in blast Thousands of long tons Number Production Per cent of capacity Thousands of Per long cent tons Fabricated structural steel United States Steel Corporation, New Ship- unfilled orders, orend of ders ments month Thousands of short tons Prices Manganese ore imports Steel (man- Iron and billets, Steel ganese steel Bessescrap, conmer Chitent) compos- (Pitts- cago ite burgh) Thousands of long tons Dollars per long ton Composite finished steel Dollars per 100 pounds 114 91.9 97.7 209 45 3,182 183 4,109 79 223 284 4,354 26 34.48 33.00 13. 000 2.39 70 66 60 58 50 45 45 51 42 76.5 74.8 72.6 72.1 70.3 67.4 66.2 65.3 65.4 69.1 64.9 57.6 52.4 50.6 45.2 43.9 41.2 41.0 101 91 76 84 73 70 59 60 57 41 30 31 28 22 25 23 23 18 2,020 1,994 1,639 1,463 1,281 1,169 1,173 1,103 980 113 105 91 82 76 73 70 67 56 2,722 2,506 2,076 1,886 1,719 1,548 1,592 1,594 1,302 49 45 38 34 31 28 28 30 24 285 152 172 160 124 194 109 91 98 159 145 159 181 168 149 144 112 123 3,898 3,620 3, 479 3,405 3,169 3,145 3, 119 2, 934 2,735 33 21 37 38 22 27 21 9 8 31.61 31.39 31.02 31. 05 31.05 31.03 30.81 30.61 30.32 30.00 29.50 29.00 29.00 29.00 29.00 29.00 29.00 28.80 9.813 8.875 8.750 8.750 8.375 8.200 8.000 8.000 7.800 2.22 2.21 2.19 2.20 2.19 2.20 2.18 2.18 2.16 43 41 34 32 64.0 62.4 60.9 59.0 36.3 37.2 35.4 i 32.1 41 40 50 58 25 20 35 29 973 964 967 853 61 64 60 60 1,461 1,460 1,411 1,240 27 28 25 23 48 62 64 64 66 78 82 68 2,648 2,546 2,472 2,327 17 3 2 14 29.98 29. 56 29. 62 29.75 27.75 27.00 27.00 27. 00 7.500 7.156 7.125 7.000 2.11 2.11 2.17 2.17 111 71 38 92.5 76.6 61.6 95.9 67.3 217 99 47 41 33 27 3,024 1,868 939 180 110 61 1 4,044 2,669 1,393 79 49 26 242 195 60 265 158 74 4,469 3,998 2,498 29 16 9 35.09 31.66 29.73 33.25 30.00 27.19 13. 047 10. 024 7.195 2.43 2.22 2.H Adjusted for seasonal variation. 120541—32 Pig iron Pay rolls Ex- Im- Prounad- ports ports duction justed Monthly average, 1923-1925=100 1930: April 1931: April May June July August September October November December 1932: January February ._ March April Monthly average, January through April: 1930 1931 1933 Iron and steel 3 *. 18 SURVEY OF CURRENT BUSINESS June, 1932 Textile Industry A GENERAL slowing down in most branches of the textile industry occurred during April. The hesitancy of buyers in placing orders for forward delivery and the increase in stocks have caused mills to operate cautiously. Some mills have increased stocks in anticipation of an early broader demand, but mills as a whole are adjusting their production to current requirements. In April, consumption of raw cotton per working day totaled 14,300 running bales, one-fifth smaller than in March. The rate of cotton-spindle activity declined from 90 per cent of capacity on a single-shift basis in March to 71 per cent in April, the lowest operating rate since August, 1930. Production of 300 classifications of standard cotton cloths decreased for the second successive month to 51,272,000 yards per week, 9 per cent less than in April, 1931, and about equal to the output of last December, From March to April, 1932, shipments of cotton goods decreased more rapidly than did production, and as a consequence stocks increased 17 per cent. Likewise, sales were smaller than shipments, and unfilled orders on manufacturers' books decreased 22 per cent. At the end of April mills had sufficient orders to last about 4.3 weeks at the April rate of production. Reduction in prices of several important cotton fabrics caused the index of cotton-goods prices to decline 2 per cent. The restricted demand for forward deliveries was reflected in all branches of the woolen and worsted industry in April. Wool consumption decreased 32 per cent from that of March and was the smallest since monthly census figures became available in 1922. The activity of woolen spindles decreased from 45 per cent of capacity in March to 26 per cent in April and worsted spindles from 37 to 29 per cent, while narrow-loom activity decreased from 26 to 21 per cent and that of wide looms from 48 to 28 per cent. Prices of woolen and worsted goods declined 4.8 per cent and reached a level lower than in any month since December, 1915. April silk deliveries to American mills aggregated 35,779 bales, 24 per cent less than in the preceding month, and were the smallest since June, 1930. As no great changes usually occur in mill silk stocks between two consecutive months, these data probably reflect the trend of silk consumption. Prices of silk and rayon continued to decline in April and reached the lowest level on record. Monthly average, 19231925= 100 ! Wholesale price 1 Silk and rayon Silk Deliveries to mills | Price, woolen and worsted goods Narrow P°* Looms Worsted oc Woolen -i Wool manufactures Spinning spindles Consumption 2 I i— Wool Wholesale price, cotton goods 1| Cotton textiles (23 groups of textile constructions) Production i consumption Cotton manufactures & Mill Production index, justed Year and month Cotton, raw Stocks, end of month ad- TEXTILE STATISTICS MonthMonthly av- Thous. Per cent of active hours to \ ly av- Bales of erage, of erage, 133 total reported i 1926= pounds 1926= pounds 100 100 Monthly average, 1926= 100 Running bales Mil- ! s^md^j hours i 95 531,911 7,497 64,311 63, 340 444, 736 357, 328 89.6 36, 794 58 43 ! 41 45 80.7 41, 584 71. 1 96 97 96 100 99 100 93 89 88 508, 691 465, 363 453, 901 450, 884 425, 819 463, 704 462, 025 428, 870 415, 517 7,125 6,733 6.630 6,528 6, 193 6, 540 6, 595 6, 014 5,951 56, 489 56, 348 52, 033 48, 136 52, 262 54, 424 56, 779 57, 861 50, 938 54, 395 54, 774 52, 833 56, 911 55, 610 54, 052 53, 472 47, 567 282, 154 301, 943 288, 235 269, 449 250, 855 244, 924 255, 833 273, 390 290, 248 294, 118 248, 544 330, 575 277, 597 217, 508 227, 167 344, 639 354, 957 322, 039 71.4 69.2 67.6 66.8 64.0 61.5 59.7 58.1 56.4 47, 710 44, 966 45, 805 53, 886 51, 140 47, 548 42, 990 35, 424 31,625 55 60 61 64 66 63 53 46 39 57 66 73 83 78 70 i 49 51 49 42 45 46 43 45 44 39 31 26 54 58 61 64 70 63 49 45 44 69.0 68.5 68.0 67.4 67.4 65.7 64.6 64.2 63.9 41, 356 45, 073 42, 161 44,746 46,454 53,819 56, 668 50,645 i 48,432 ; 43.4 41.4 41.9 43.8 43.7 43.5 41.7 41.8 39.0 89 86 82 66 435, 337 450, 018 488, 655 367, 280 6,214 58, 177 6,567 61,086 6,955 57, 050 5,195 51, 272 67, 225 64, 686 53, 135 40, 526 254, 056 239, 654 259, 231 302, 216 391, 150 377, 988 278, 163 218, 366 55.8 56.4 56.2 55.1 34, 253 34, 426 29, 384 19, 954 52 58 45 26 53 51 37 i 29 ! 25 22 26 21 51 61 48 28 63. 3 63.1 62.7 59.7 58, 793 45,909 46,761 35,779 : i ! | 37.7 36.5 33.5 31.3 99 94 81 527, 528 470, 673 435, 323 7,526 65, 258 6,653 53, 599 6,233 56, 896 66, 173 58, 142 56, 393 445, 883 307, 694 263, 789 374,313 91.9 72.6 55.9 38, 987 40, 090 29, 504 60 57 45 52 55 i 43 i 43 34 24 49 ' 55 47 83.0 72.0 62.2 49,996 51, 723 ! 46,811 73.5 46.3 34.3 Thousands of yards i 1930: April 1931: April May June -_ ______ July August September October . November December 1932: January February _ _ _ March April _ _ Monthly average, January through April: 1930 1931 1932 ... -_ i Weekly average. 51,401 345, 334 316, 417 2 Grease equivalent. SURVEY OF CURRENT BUSINESS June, 1932 19 Miscellaneous Industries MACHINERY FUELS A CTIVITY in the machinery industry underwent •^** some further contraction during April, judging by the employment and pay-roll indexes. Machinetool orders received, increased for the first time in recent months. The index of new orders at 41 per cent of the 1922-1924 monthly average compares with 33 in March and 105 in April last year. During 1931 the index of new orders showed a steady decline from April through October, and the rise in NovemberDecember was not maintained. April shipments were at about the same rate as in March, but amounted to less than 60 per cent of the total for April of last year. The demand for increasing efficiency in manufacturing production is looked to by the industry for an ultimate increase in the demand for tools of improved design. New orders and shipments of foundry equipment during April fell off from the level of March. The index of shipments for April was the lowest on record, with the exception of the month of February of this year. Orders^for future delivery also established a new low mark. Shipments of electric overhead cranes during April were greater than during March, while the number of new and unfilled orders were less. All three items were much smaller than a year ago. New orders for electric hoists numbered 137 at the end of April, compared with 168 in March. Production of anthracite coal increased during April by approximately the usual seasonal amount. Bituminous-coal output, however, showed a marked decline, which was considerably in excess of the normal movement. As compared with the same month last year, anthracite output showed but slight change, while bituminous-coal production was much lower. Crudepetroleum output showed a slight increase during April. PAPER AND PRINTING Newsprint-paper production in the United States during April amounted to 91,235 short tons, or about 9,000 tons less than in March. Canadian output, on the other hand, recorded the greatest monthly gain since September, 1931. Shipments of newsprint during April by both American and Canadian mills increased over the previous month, while stocks at mills in both countries declined. STONE, CLAY, AND GLASS PRODUCTS Employment in the industry was only slightly changed during April, but pay rolls continued to decline. Production of cement during April was 13 per cent higher than in March, but 51 per cent lower than April last year. The increase for the month was below the usual seasonal rise. Shipments were also higher than in March. MISCELLANEOUS INDUSTRIES Monthly average 19231925 = 100 1930" April 1931: April May - June July August September October November December 1932: January . _ __. February March April Monthly average, January April: 1930 1931 1933 ._ - _..._- ing *i si ftfl 3 4) 7= g <« A it gg Monthly average 19221924=100 8 JLftd 2 o> 5s Production, adjusted Thousands of dollars i V 3 ll 1 1 Short tons Monthly average 1923-1925=100 Cement production, adjusted An- tu- Crude leMachine Woodworking ma- thra- mi- petro- um tools chinery cite nous leum recoal fin- Pay rolls, unadjusted Petro- Bi- Foundry equipment Stone, clay, and glass products Pay rolls, unadjusted Paper and printing Employment, adjusted Fuels Employment, adjusted • Year and month Pay rolls, unadjusted Employment, adjusted Machinery Monthly average 1923-1925=100 105.6 113.4 122.8 217.4 179 234 716 1,026 71 98 128 171 103.1 113.5 109, 967 80.7 77. 1 114 78.0 76. 3 73.4 70.3 67.8 67.3 65.6 64.6 64.5 69.7 67.8 62.4 57.4 54.9 51.2 50.2 48. 3 48.9 57.7 54.1 40.9 38.7 16.9 31.9 45.9 17.2 26.3 69.7 118.6 90.4 55.7 37.4 29.6 26.2 32.9 24.9 105 87 74 62 72 56 45 51 68 91 96 95 72 96 92 85 50 57 484 487 503 533 447 345 377 312 310 451 513 463 448 572 379 347 257 361 82 75 75 70 62 65 74 66 69 77 75 74 74 70 70 71 67 64 121 122 122 122 107 102 116 122 121 159 161 159 160 161 159 159 155 149 95.0 95.3 93.6 93.0 93.0 91.1 91.0 89.7 89.2 100.6 100.0 96.6 93.6 93.1 90.4 91.4 90.6 91.0 102, 450 101, 202 101, 086 99, 548 88, 344 94, 149 93, 861 65. 2 65.4 64.4 62.7 60.1 59.4 57.6 55.9 55.0 55. 7 56. 7 54.4 49.4 48.1 46.1 43.9 40.9 37. 4 94 94 93 90 83 79 75 67 61 61.8 61.2 59.2 56.4 44.5 45.0 42.6 39.1 20.5 32.9 27.9 13.8 28.8 15.7 38.3 31.4 59 38 33 41 47 44 52 51 209 220 246 150 248 250 195 199 54 58 81 81 58 63 70 55 111 109 109 110 140 141 136 88.3 87.2 86.2 85.7 85.5 83.5 82.4 79.7 94, 247 87, 157 100, 034 91, 335 51.6 51.4 50.1 48.4 31. 1 32.9 32.2 31.7 65 56 53 46 108.0 80.0 59.7 114.4 70.9 43.8 160. 9 88.0 33.8 201.3 63.2 36.1 178 94 43 215 83 49 974 493 306 1,054 468 333 84 82 69 94 76 63 130 113 110 166 149 103.7 95. 1 86.9 114.6 101.1 83.8 115, 135 98, 256 93, 168 80.9 65.0 50.4 72.0 51.9 ' 33.0 ! 91,241 97,117 through 116 89 55 SURVEY OF CURRENT BUSINESS 20 June, 1932 INDEXES OF UNITED STATES FOREIGN TRADE 1 Monthly average 1923-1935=100 Month 1921 1924 1923 1922 1926 1925 1928 1927 1929 1931 1930 1932 Exports, unadjusted K- January February March April May June July Au.su.st September October November December - -- - - - - - - - - - - _ _ _ _ _ _ Annual index ..- ___ _ - -- 172 128 102 90 87 89 86 97 86 90 78 78 73 66 87 84 81 88 79 80 83 98 100 91 88 81 90 86 83 84 80 82 101 105 106 112 104 96 90 91 88 81 73 87 113 139 130 117 118 98 120 105 98 85 90 100 111 129 118 123 105 93 99 102 94 89 97 101 118 120 127 123 111 98 108 109 104 94 90 99 112 129 121 107 108 98 111 96 111 102 100 100 111 145 144 125 129 116 129 112 101 104 106 100 115 139 117 112 108 92 97 87 84 78 70 78 82 86 76 72 98 84 92 101 108 106 ; 107 113 115 84 53 106 108 110 101 118 115 113 109 106 119 125 118 126 128 128 118 108 116 121 109 110 114 101 106 106 101 96 92 90 87 80 85 78 71 66 68 64 65 62 60 57 55 66 I 59 62 57 54 49 48 ___ 40 41 41 36 43 48 54 51 : 48 i Exports, adjusted January February March April May June July August September October November December . _ _ _ __- . _ _ _ __ 69 71 86 87 89 99 92 86 79 84 89 82 161 138 101 93 95 100 100 105 82 77 69 71 ___ _ _ _ _ 83 87 89 89 92 95 93 89 96 90 94 102 97 104 89 95 97 91 85 95 107 119 115 107 110 105 118 109 107 96 104 109 105 110 104 112 103 102 98 108 100 100 110 110 112 98 110 116 108 108 107 115 110 106 102 107 107 106 106 101 Annual index 1 1 ._._. _ ! 1 ! : 39 45 41 38 ! i 54 47 I 45 44 44 46 : • ! i Imports, unadjusted January February IVtarch April Mav - June July - •_ August September October November _ December _ - - _ - - - - - _ _ _ _ _ _ _ _ Annual index 65 66 78 79 63 58 55 60 56 58 65 74 67 67 79 67 78 81 78 87 92 86 90 91 102 94 123 113 115 99 89 85 79 95 90 89 65 80 98 92 103 99 100 94 85 86 79 89 96 92 103 93 107 ! 103 119 107 101 101 101 105 : 108 116 117 123 129 120 137 123 99 104 105 i 104 106 117 116 111 i 111 96 117 116 107 110 99 114 106 110 107 103 105 109 118 107 110 98 98 107 99 110 101 105 114 114 119 127 124 109 109 114 109 121 105 96 96 87 93 95 88 78 68 68 70 77 63 65 109 114 108 106 114 79 54 104 110 106 99 108 103 107 112 104 108 101 106 113 i 116 i 107 118 122 115 119 119 115 119 105 97 95 88 84 88 86 82 74 70 74 75 63 65 56 55 59 53 55 ! 57 i 42 54 65 58 56 54 41 41 39 54 52 ; ; ! i [ 53 52 46 47 i Imports, adjusted January February March April May June _ July August September October November December _ _ _ 64 67 70 73 62 61 60 63 58 57 65 74 _ _- . - _ - - _- - _ . _ .- 67 68 71 62 77 85 85 91 97 84 90 92 91 104 89 93 92 89 94 82 94 94 92 104 101 95 111 104 113 104 97 89 83 94 90 90 106 104 108 99 99 106 110 110 114 114 117 124 128 121 124 114 98 110 114 109 112 114 116 112 109 97 106 108 105 116 107 119 112 108 107 104 42 41 37 36 57 59 '• 54 56 51 46 48 ! Annual index CASH DIVIDEND PAYMENTS 2 Thousands of dollars Total 1928 January February March April May . _ June July August... September October November December . -- - _ . _ _ _ . .- -_ . _ . Monthly average . ... 1929 Industrial and miscellaneous 1930 1931 192, 173 340, 917 219,673 172, 308 . . _ 343, 297 307, 439 147,201 315, 244 248, 799 219,421 407. 223 371, 532 234, 176 383, 787 338,219 234, 058 470, 046 387, 067 194, 698 379, 306 354, 126 287, 668 504, 100 484, 638 299, 791 425, 598 379, 076 283, 168 498, 985 443, 537 227, 964 434, 800 405,812 291, 253 476, 185 472, 440 312,023 458, 933 301, 797 262, 456 451,702 399, 518 212,819 380, 793 286, 265 232, 255 371,135 284, 499 282, 102 354, 324 386, 551 329,516 1928 1929 1930 1931 Railroads 1928 1929 1930 1931 169, 660 296, 512 187, 932 147, 853 299, 708 237, 925 140, 769 279, 235 219, 109 192,051 357, 130 287, 905 206, 389 329, 912 280, 029 203, 778 403, 636 307, 525 188, 292 338, 482 318, 9f>0 258, 399 448, 503 415,886 260, 001 382,010 259, 437 246, 005 423, 357 378, 797 213,069 390, 323 369, 444 255, 254 420, 965 389, 830 269, 082 412, 711 274, 276 227, 805 407, 694 330, 688 199, 830 348, 437 266, 372 206, 070 343, 006 249, 075 22, 513 44, 404 31,741 24, 455 43, 589 69,514 6, 433 36, 008 29, 690 27, 370 50, 093 83, 627 27, 788 53, 875 58, 189 30, 280 66,410 79. 542 6, 407 40, 824 35, 166 29, 269 55, 597 68, 753 39, 790 43, 588 19, 639 37, 163 75, 628 64, 740 14,895 44, 477 36, 369 35, 999 55, 220 82, 611 42, 941 46, 222 27, 521 34, 651 44, 008 68, 830 12,984 32, 355 19, 894 26, 185 28, 128 35, 424 234,649 308,316 332, 374 294, 588 39, 120 46, 008 45, 843 34, 929 li 2 Con piled by the U. <S. Department of Ccnmerce, Eureau if Foreign and BcTtiCttic Ccmmerce, frcm the total value of merchandise exports, including reexports and general in, -ports. The adjusted index has been corrected for seasonal variation by factors selected from the deviations of the monthly figures for the period 1921 through 1931 frcm the 12-n onth n o\irg average. The factors used fcr the \ tried l_£3-]C25 in the case of exports were slightly different than those used for subsequent years, owing to allowance for special n oven ents in certain large agricultural experts. For irrpcrts, the san:e scascr.al factors have been used throughout the entire period. 2 Con piled by ire JVetr York Times and represents the aggregate value of cash dividends declared each rrcrith. The total represents a combination of the railroad and 21 SURVEY OF CURRENT BUSINESS June, 1932 WEEKLY BUSINESS INDICATORS [Weekly average, 1923-1925=100] 1932 Item 1931 1930 1929 Item May May May! May May May May May May May 21 24 17 14 7 23 16 18 9 25 Composite index, N. Y. 55.7 56.1 57.0 76.4 77.2 77.8 93.5 94.2 108.6 108.6 Times * Composite index, Business Week * 1 56.7 57.8 57.3 78.5 79.6 79.8 95.2 98.3 107.7 108.4 69.0 111. 5 81.1 Detroit employment 137.3 Production: Beehive coke 4 1 4 ~t 8.2 9.0 10.2 23. 3i 24. 5 56.7 54.7 Bituminous coal (da. av.)_ 42.0 42.0 43.8 64.9 66.4 65.7 81.0 80.0 91.3 89.1 Building (new awards) 33 9 32 7 126.8 '120 7 86.2 86.3 85.8 98.7 99.3 98.3 103.41103.1 102.3 102.3 Electric current f Petroleum (da. av.) 106.8 107.4 108.1 117. 0 116. 5 118.5 123. 9 125. 2 129.1 126.9 Steel ingots 31.6 32.9 31.6 56.6 57.9 60.5 97.4 98.7 125. 0 126.3 Receipts: Cattle and calves __. 54.1 58.9 64.6 76.0 75.0 79.4 70.9 71.2 71.2 76.3 Cotton 19.2 25.8 19.2 22.3 33.5 27.3 39.6 37.7 33.5 34.2 70.0 75.7 66.6 67.5 69.3 70. 1 76.0 76.0 85.7 76.1 Hogs 90.9 71.8 49.9 102. 6 74.1 77.5 59.3J 38.5 52.4 51.3 Wheat. Distribution: Car loadings .. 52. 7 52.9 54.5 77.1 76.3 76.2 95.0! 94.9 108.5 107.0 Wholesale prices: Dept.of Labor 1926 = 100— Total 64.5 64.9 65.1 Farm 47.1 47.8 47.9 Food 59.1 59 9 60 2 * Relative to a computed normal taken as 100. 1931 1933 ; 1930 1929 May May May May May May May May May May 14 24 18 7 9 17 25 21 23 16 Wholesale prices — contd. Fishers' 1926=100— Total (120) 61.1 61.4 61.6 71.0 71.8 72.0 88.4 88.7 95.9 95.9 Agricultural (30) 42.9 43.4 43.7 60.9 61.6 61.9 93.2 93.4 98.0 98.1 Nonagricultural (90) 65.6 65.8 65.7 74.0 74.5 74.8 85.6 86.3 94.3 94.2 Copper, electrolytic 37.7 39.1 39.9 63.0 63.8 64.5 92.8 92.0 129.0 129.0 Cotton, middling, spot.. 21.7 21.0 21.7 34.2 34.9 36.8 60.3 60.7 71.7 72.4 Iron and steel, composite- 71.5 71.6 71.7 75.8 75.8 75.8 81.1 81.7 89.7 89.7 Banking and finance: Bank debits outside N. Y. C. (da av ) 65.5 60.9 77.6 98.2 87.5 110.5 119.5 118.2 133.2 131.8 Bond prices 79.5 82.2 82.6 106.7 107.1 106.8 106.3 106.3 104.9 105.3 Business failures (number) 176.9 162.7 147.7 126.3 126.8 155. 3 117.9 127.0 100.7 116.7 Federal Reserve R. M. banksLoans and discounts. 93.3 93.8 94.8 119.3 119.4 119.4 134.5 134.5 129.5 130.4 Net demand deposits. 92.2 92.3 91.8 113.9 114.1 112.7 110.9 111.5 106.1 108.8 125.1 125.9 125.8 163. 4 163.2 163.7 157.3 156.6 149.7 149.9 Time deposits Interest rates, call 60.6 60.6 60.6 36.4 32.2 36.4 72.7 72.7 157.6 218.2 34.3 38.2 45.7 40.0 43.9 45.7 88.6 89.1 211.4 205.7 Interest rates, time Money in circulation 112.4 112.4 112.5 96.2 96.2 96.7 92.2 92.3 96.2 96.3 Stock prices 49.8 50.1 50.5 131.0 139.9 143.8 231.7 234.9 249.8 256.4 f Latest week is preliminary. t Relative to weekly average, 1928-1930, for week shown. WEEKLY BUSINESS STATISTICS 19 31 1932 May 21 May 14 Bituminous coal production (da. av.) thous. tons__ 715 5,445 Building contracts (da. av., 37 States) thous. dolls 1,436 Electrical current output _ mills, of kw.-hours.. Exports: 24 Corn thous. of bush__ Wheat- _ .thous. of bush. _ 2,478 632 Wheat flour __ thous. of bbls.Freight cars: Loading, total cars 515 450 74, 829 Coal and coke __ __ cars Forest products .cars18, 571 Grain and grain products _ _ cars 27, 766 Livestock _. cars . 16, 601 Merchandise, 1. c. 1 cars.. 181, 139 193, 544 Miscellaneous _ _ cars Ore cars 3 000 Net available surplus (da. av.) cars Petroleum production (da. av.) thous. of bbls— 2,225 Receipts: Cattle and calves (12 markets) thousands. _ 171 50 Cotton into sight _- ._. thous. of bales 7 224 Wheat primary markets thous of bush Wool, total, Boston. _. . . .thous. of Ibs 652 Steel-ingot production per ct. of capacity 716 5, 257 1,437 May 7 May 23 19 30 May 16 19 28 1929 May 24 May 17 May 25 May 18 May 26 1,362 19, 376 1,717 1,555 1,705 1,517 20, 359 1,704 1,480 May 19 PRODUCTION AND DISTRIBUTION 746 1,105 1,131 1,379 1,429 1,645 1,654 1,723 1,418 1,386 25, 548 1,470 20 45 5 33 105 309 101 214 1,730 53 482 242 180 1,797 56 1,202 114 1,329 174 2,082 285 2,110 184 2,358 198 1,384 216 1,293 128 517, 667 76, 552 18, 797 28, 526 17, 074 181, 562 192, 563 2,593 533 677 83, 617 19, 422 28, 575 18, 576 185, 104 196, 190 2 193 2,237 2,252 754, 738 123, 351 33, 634 36, 595 20,003 222, 256 298, 169 20, 730 623, 658 2,437 747 057 117,917 33, 867 36, 492 21, 227 224, 252 301, 427 11 875 608, 671 2,427 929 606 149, 243 51, 235 38, 770 22, 802 246, 273 363, 997 57 286 428, 559 2,580 928, 759 1 062,088 1 046 594 1 021,403 143, 849 173, 137 172, 830 168, 529 69, 099 69, 523 68, 509 52, 789 37, 552 37, 484 39, 368 38, 916 25, 849 23, 069 25, 426 26, 150 259, 764 262, 237 248, 135 262, 257 419, 336 396, 383 410, 675 367, 327 58, 851 72 209 73, 485 56 106 299, 521 410, 131 210, 200 216, 313 2,351 2,690 2,644 2,608 1 003 288 163, 446 68, 315 38, 364 25, 231 261, 449 394, 479 52 004 299, 629 2,339 28 186 204 240 237 224 225 5,708 3,088 3 962 25 517 24 8,155 3,663 5 889 9,902 4 715 5, 689 3,058 6,160 106.2 .052 .059 1.65 29.58 .53 106.2 .054 .057 1.67 29.64 .52 106.2 .055 .059 1.68 29.68 .51 106.3 .087 .093 2.19 31.37 .73 106.4 .088 .095 2.21 31.37 .73 109.9 .128 .164 2.79 33.56 1.00 2,881 3 033 2,974 2 824 4,221 3 590 5,049 4 552 5,514 4 054 22, 170 71.20 720 21, 468 73.58 662 18,011 73.99 601 4,272 95.53 514 2,714 95. 90 516 67 50 58 43 87 44 225 241 242 249 4,163 7,138 4 079 6,454 4,828 9,392 96 79 7,456 10, 021 109.9 .127 .165 2.80 33.84 .98 111.3 .178 .195 3.32 37. 13 1.00 111.3 .178 .197 3.33 37.13 1.03 110.6 .144 .211 3.35 35.53 1.53 110.6 .143 .217 3.36 35. 53 1.51 7,998 5 541 8,286 5 486 11,489 6 180 11, 530 6 115 10, 455 5 919 10, 995 6 408 1,372 95.19 480 971 95.17 517 2,640 93.93 410 1,295 94.33 475 3,932 98.36 426 2,789 98.86 442 103 74 98 75 87 95 89 100 132 82 WHOLESALE PRICES Chemical index rel. to 1924 Copper ingots, electrolytic, New York dolls, per lb_. Cotton, middling, spot, New York dolls, per lb._ Food index (Bradstreet's) dolls, per lb_. Iron and steel composite dolls, per ton.. Wheat, No. 2, hard winter, Kansas City.-dolls. bush.. FINANCIAL Bank debits: New York City mills, of dolls.. Outside New York City mills of dolls Bond sales, New York Stock Exchange: United States Government. _. thous. of dolls.. Average price 40 corporation bonds dollars.. Business failures _ number Federal reserve banks: Bills discounted mills of dolls Total reserves mills, of dolls.. Federal reserve reporting member banks: Total loans and discounts mills of dolls Total investments mills, of dolls. _ " Other" loans mills, of dolls Net-demand deposits mills of dolls Time deposits mills, of dolls Sterling exchange, rate quoted (da. av.) dollars.. Interest rates on brokers' loans: Time money, New York __ ... __ percent _ Call money, New York per cent-Money in circulation (da. av.) _ . _ mills, of dolls Stocks, New York Exchange: Average price 50 stocks dollars Sales _ thous. of shares Stock prices, weighted: Industrials, rails, and utilities (421)__.rel. to 1926.. All industrials (351) rel. to 1926All railroads (33) . rel. to 1926 All utilities (37) rel. to 1926 . 465 471 149 145 904 915 847 807 3,164 3,203 3,400 210 210 3,122 3,389 3,248 3,248 3,008 3,012 2,795 2,802 11, 661 7,376 6,711 11,134 5,674 3.67 11,717 7,423 6,740 11,146 5, 709 3.67 11,842 7, 435 6,779 1 1, 082 5, 705 3.67 14, 905 7,803 7,924 13, 757 7,409 4.86 14,925 7,853 7,879 13, 777 7, 398 4.86 16, 806 5,855 8,484 13,389 7,132 4.86 16, 806 5,811 8, 560 13, 467 7,100 4.86 16, 187 5,818 9,043 12, 810 6,789 4.85 16, 301 5, 855 9, 079 13, 139 6,795 4.85 15,911 6,213 8,877 13, 644 6,911 4.88 15, 990 6,181 8,885 13, 840 6,898 4.88 1.50 2.50 5,459 1.67 2.50 5,456 2.00 2.50 5,465 1.75 1.50 4,671 1.92 1.33 4,670 3.88 3.00 4, 475 3.90 3.00 4,484 9.25 6.50 4,671 9.00 9.00 4,677 5.50 6.00 4,709 5.25 5.63 4,717 48.36 4,672 48.61 4,451 49.06 6,267 127. 18 12, 095 135. 86 9,565 224. 97 12, 997 228. 08 14, 457 242. 63 21, 362 248. 99 19, 639 193. 92 14, 688 197. 77 21, 198 39.2 37.7 16.6 66.5 42.4 40.6 19.4 72.1 40.9 38.6 19.4 70.5 94.9 86.7 73.0 151.9 102.8 94.1 79.7 163.4 172.3 161.7 135.8 255.0 168.6 158. 2 136.7 245.5 185. 2 189.1 138.4 211. 5 190.6 196.0 137.7 216.0 151.2 154.4 131.3 153. 8 151.5 153. 9 133.1 155.6 506 22 SURVEY OF CURRENT BUSINESS June, 1932 Monthly Business Statistics The following summary, showing the trend of industrial and commercial movements, represents a continuation of the data in the 1932 Annual Supplement of the Survey of Current Business which contains figures for earlier years and explanations of the sources and basis of the figures quoted. Later data will be found in the Weekly Supplements of the Survey. Note that the arrangement of months has been changed with this issue. Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 | i April 1 April May June July 1931 1932 Decem- January August SeptemOctober November ber ber February March BUSINESS INDEXES I 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 nornal=100 Electric power production normal=100._ Pig-iron production nornal=100 Steel ingot production normal =100.. Wool consumption nornal=100 . Zinc production . . ..nor nal=100.. 57.2 30.3 54.0 91.0 58.2 56.8 71.3 24.9 25.0 40.1 80.8 76.8 75.0 104.6 79.1 84.0 85.9 59.7 56.9 109.1 56.2 78.1 75.3 73.6 110.8 76.2 77.0 83.7 58.3 ibs!6 49.3 | j BUSINESS ACTIVITY (Annalist) 76.5 63.8 73.7 103.5 73.7 81.1 84.2 52.8 48.4 110.3 49.1 78.2 59.6 73.8 103. 3 74.0 89.2 86.0 47.4 45.6 129.8 44. 8 83 82 74 115 83 73.5 49.4 71.4 103.9 70.7 81.7 81.7 42.0 40.9 115.0 44.3 70. 8 40. 4 69. 4 94. 5 67. 3 83. 9 81.8 39. 4 37.3 i 101. 3 45. 3 66. 3 26. 2 68. 3 74. 4 67. 9 74. 1 78.1 37. 4 35.5 82. 1 44. 1 65.1 33.4 66.6 71.9 65.8 72.8 76.2 36.3 40.7 75.4 41.9 65.5 59.7 64.6 80.7 65. 6 72.1 76.9 31.9 32.7 67.8 43.0 62.8 43.7 57.1 82.3 62.8 70.3 73.5 31.5 32.7 71.0 41.6 75 72 23 85 92 56 44 88 34 73 71 22 67 95 46 47 75 26 68 66 36 47 99 73 37 25 71 70 38 40 98 66 41 79 24 71 70 37 34 91 81 43 91 23 91 159 67 70 95 120 92 95 78 91 156 63 118 92 117 84 68 75 85 149 61 66 83 91 80 68 68 99 140 85 17 94 116 74 59 65 100 141 S3 116 91 104 75 62 66 i • I i ! ! i i ; 71 68 117 40 46 73 71 26 75 92 56 45 81 33 10 61 120 41 45 73 71 36 67 91 48 51 62 117 43 46 74 73 66 61 97 98 42 82 60 107 35 48 72 71 45 65 93 75 43 85 27 56 107 33 49 70 68 35 56 90 75 41 89 23 i i ' : : 100 159 76 96 93 111 84 74 71 97 155 84 134 89 113 81 66 67 97 149 88 86 88 113 85 69 64 101 140 92 24 89 124 77 54 58 110 141 85 164 86 114 78 58 63 ! • : : ! 99 136 73 194 83 109 84 81 70 41 66 116 41 47 12 58 122 38 45 62 121 43 45 59 111 35 45 54 109 31 46 ' ; ' ! 55 109 ^ 30 45 97. 1 103. 3 87. 5 87. 4 113.2 102. 2 98.8 99.6 86.4 89.5 119.3 111.0 89.1 89.2 84.2 85.2 100.0 98.3 93.9 89.6 87.2 89.5 108.1 106.0 98.8 : 95. 4 : 93.0 93. 1 i 106. 7 ! 103. 7 88.0 2 84. 2 83.7 2 82. 4 2 95. 2 2 97. 0 62.6 ! 33. 5 62. 5 90. 7 61.7 71. 5 73. 1 31.5 31.1 71.7 41.9 j 61.6 27. 4 74. 5 96. 6 60.1 73. 2 72, 4 27.9 26.4 60.6 41.3 INDUSTRIAL PRODUCTION (F. R. B.) Total unadjusted 1923-1925—100 Manufactures, unadjusted. . . 1923-1925 = 100. _ Automobiles 1923-1925 = 100.. Cement 1923-1925 = 100. _ Food products 1923-1 925 = 100. . Glass plate 1923-1925 — 100.. Iron and steel ..- .._1923-1925 = 100-. Leather and shoes 1923-1925 = 1 00. . Lumber 1923-1925 = 100.. Metals nonferrous 1923-1925 — 100 Paper and printing 1923-1925 = 100.. Petroleum refining 1923-1925 = 100.. Rubber tires arid tubes 1923-1925 = 100. Shipbuilding 1 923-1 925 = 1 00. _ Textiles 1923-1925 = 1 CO. . Tobacco manufactures 1923-1 925 = 100. Minerals, unadjusted 1923-1925 = 100.. Anthracite 1923-1925 = 100. . Bituminous coal 1923-1925 = 100. Copper (mined) _ 1 923-1925- 100.. Iron ore shipments 1923-1925 = 100.. Lead 1923-1925 — 100. . Petroleum, crude 1923-1925 = 100.. Silver 1923-1925-100 Zinc Total, adjusted Manufactures, adjusted Automobiles Cement Food products Glass, plate Iron and steel Leather and shoes Lumber Metals, nonferrous Paper and printing Petroleum refining Rubber tires and tubes Shipbuilding Textiles Tobacco manufactures Minerals, adjusted Anthracite Bituminous coal Copper (mined) . Iron ore shipments Lead Petroleum, crude Silver Zinc 1923-1925 — 100 1923-1925 — 100 1923-1925 = 100 . 1923-1925—100 1923-1925 - 1 00 1923-1925 = 100 1923-1925 — 100 1923-1925—100 1923-1925 = 100.. 1923-1925 = 100. . 1923-1925 = 1()0_ . 1923-1925 = 100.. 1923-1925 = 1 00_ _ 1923-1925 = 1 00. . 1923-1925 — ICO 1923-1925 = 100.. 1923-1925 = 100. 1923-1925 — 100 1923-1925 — 100 1923-1925 — 100 1923-1925 — 100 1923-1 925 = 1 00. . 1923-1925 = 100.. 1923-1925 — 100 1923-1925 = 100.1923-1925 = 100... 64 63 45 45 84 61 35 87 30 90 91 100 92 89 123 78 100 51 74 104 159 113 123 I 98 122 83 86 65 71 --121 54 64 88 87 1 94 95 111 70 103 47 73 109 ! 159 96 ! 127 96 132 ! 91 82 89 90 98 111 87 114 72 99 51 TO 48 68 100 158 130 135 91 144 85 66 66 68 90 59 124 47 52 S3 82 65 93 83 89 60 99 47 68 107 159 108 108 96 132 86 75 74 67 46 58 122 47 54 80 79 63 110 87 87 54 97 41 62 95 159 111 107 93 131 85 57 67 57 113 60 125 40 45 82 82 60 90 87 88 58 98 42 65 109 160 114 73 100 121 86 70 74 59 56 62 122 47 49 97.9 95.7 100.6 92.1 117. 5 96.8 1195 45 110 42 44 69 --i 121 54 61 104 160 136 145 96 137 84 75 65 68 42 73 124 51 55 87 86 78 94 89 105 66 107 48 73 in 161 115 115 97 135 87 75 75 68 28 75 122 53 54 84.0 80.5 73. 1 78.3 93.5 96.2 106.4 i 97.6 109.4 105.0 108.6 114.0 109. 8 101.3 104.4 109.2 118.2 119.1 101.7 91.5 98.4 102.7 114.3 106.4 116 68 100 71 85 46 45 110 42 45 64 61 35 46 91 55 32 90 28 ---66 109 79 81 55 78 77 56 107 84 76 49 113 40 63 94 161 93 100 94 126 ! 82 62 69 58 120 63 109 46 78 78 52 83 88 75 50 102 38 65 105 161 94 68 99 118 79 62 70 59 59 66 107 45 49 1 ! j i ! i i 1 ! 1 i 77 : 76 43 ; 99 ; 92 58 ; 44 ! 108 i 36 i 64 95 '• 159 ! 77 i 82 ! 101 ; 130 82 : 66 74 : 59 : 99 i 61 \ 105 i 40 47 i 76 75 < 40 ' 79 93 : 57 ; 45 '• 95 i 36 i 65 i 104 ' 159 80 82 ; 100 118 77 ! 65 70 60 52 65 102 42 49 27 268 266 34 38 83 51 39 94 28 136 81 15. 1 83 103 77 67 70 ; 56 107 30 48 * 67 2 64 28 53 84 47 34 * 92 27 : : ' : • i ! INDUSTRIAL CONSUMPTION OF ELECTRICAL ENERGY Consumption, by geographic sections: Total, United States 1923-1925 — 100 Middle Atlantic 1923-1925 = 100. . New England .. 1923-1925-100 North Central 1923-1925 = 1 00. . Southern 1923 1925 — 100 Western 1923-1925 = ] 00. . Consumption by industries: Total, all industries 1923-1925 - 1 00 Automobiles, and repair parts 1923-1925 = 1 CO.. Chemicals and allied products 1923-1925 = 100.. Food products 1923-1925 = 100.. Leather and products 1923-1925 = 100 Lumber and products 1 923-1 925 - 1 00 2 Revised. 97.3 99.5 89.9 90.0 112.8 108.8 100. 4 104. 0 97. 0 92. 6 113.8 102. 3 84.0 106.4 109.8 101.7 97.9 97.3 100. 4 97. 1 98.8 89.1 93.9 98. 8 64.4 90.8 89.7 71.3 55.9 43.6 53. 7 57. 4 65.5 78.1 83.6 85. 3 125.0 117.5 73.9 76. 1 137.4 122.0 83.9 91.5 133.8 126.8 81.0 97.2 132.7 136.2 85.4 86. 3 137.7 147.0 83.8 76.9 137.6 146.4 77.1 79.4 144. 6 142. 0 81.9 82. 2 i 142. 0 136. 5 81.8 82. 2 138.9 144.0 75.2 76.4 118.2 124.8 79.2 67.0 134.3 127.2 67.6 81.9 137. 1 , 129.5 ! 90. 6 86. 8 i 88. 0 5 72. 8 2 125. 1 114.9 86. 7 78. 2 SUEVEY OF CURRENT BUSINESS June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 23 1931 1932 April April May June July August 1932 Septem- October Novem- Decem- January ber ber ber Febru- ary March BUSINESS INDEXES—Continued INDUSTRIAL CONSUMPTION OF ELECTRICAL ENERGY— Continued Consumption by industries— Continued. Metals, group 1923-1925 = 100 Electrical apparatus 1923-1925 = 100.. Metal-working plants 1923-1925 = 100_ . Rolling mills and steel plants . .1923-1925 = 100.. Paper and pulp 1923-1925 = 100. . Rubber and products 1923-1925 = 100. . Shipbuilding 1923-1925 = 100. . Stone, clay, and glass 1923-1925 = 100.. Textiles . .1923-1925 = 100. . 61.6 95.6 59.7 99.5 138.1 94.6 98.5 136.7 94.0 81.5 135. 2 78.6 74.5 133.4 69.3 75.0 126.9 73.3 76.2 132.6 75.0 73.0 130.4 71.0 76.4 126.9 76.0 70.6 123.5 70.9 71.3 120.0 72.7 76.0 122.2 74.8 66.0 101.7 64.8 64.7 105.5 88.3 91. 1 98.7 69.6 108.1 109.6 109.0 92.5 116.5 100.0 106.8 135. 1 122.3 89.7 132.0 103.7 86.6 112.4 121.0 84.8 118.7 100. 5 83.1 104.0 97.4 82.0 104.8 98.2 78.0 121.7 98.5 85.6 105.9 95.0 78.3 138.3 88.0 88.9 113.9 98.7 76.3 113.0 82.8 84.5 113.4 98.2 77.0 126.1 93.5 95.0 113.8 93.4 70.0 107.0 79.2 94.6 276.8 89.8 77.6 109.3 104.0 93.2 77.1 87.8 78.2 116.1 112.0 99.2 90.0 96.8 69.0 2 114.4 96.8 284.5 81.0 286.0 55 90 105 148 75 109 41 52 50 54 41 99 58 43 52 68 110 58 101 113 174 83 137 78 53 30 71 64 93 64 45 59 98 113 67 107 131 139 80 126 197 62 29 102 69 136 67 35 63 137 106 62 118 157 145 78 116 405 55 9 89 69 166 67 28 62 190 94 103 105 124 161 73 89 573 103 23 139 183 103 65 20 61 187 76 85 94 96 189 83 88 260 83 29 155 129 64 64 17 63 142 64 117 92 91 160 88 88 125 119 152 129 80 103 58 22 57 112 57 207 97 93 141 104 75 50 219 367 191 84 132 63 31 60 114 82 153 98 95 117 96 117 47 159 277 97 97 89 96 97 100 80 90 137 40 96 160 63 42 71 51 34 46 90 94 89 92 103 89 89 78 37 89 133 68 46 82 51 30 46 26 108 75 87 104 114 79 78 39 74 80 75 64 86 51 43 47 24 103 69 88 106 180 73 92 28 67 77 69 43 111 53 42 48 30 106 0 60 83 42 101 49 97 23 61 67 49 47 24 46 90 53 58 36 103 52 97 37 57 62 48 52 27 42 83 56 58 48 91 60 91 8 56 60 51 52 27 39 83 48 56 35 93 49 87 4 51 58 38 51 27 41 75 46 47 33 91 47 90 6 47 53 34 49 26 39 68 48 56 31 96 50 99 0 46 53 29 63 27 35 68 44 43 29 91 44 102 4 44 52 24 63 27 34 66 41 37 28 81 42 98 5 43 49 26 65 25 33 64 36 36 24 69 36 85 33 40 46 28 37 23 31 59 39 34 29 85 35 92 2 43 50 35 45 29 37 61 36 34 22 86 36 92 0 40 48 30 44 27 39 55 36 32 23 85 34 93 1 37 48 24 36 28 35 43 144 119 128 96 105 143 80 220 131 118 176 93 162 92 194 127 177 139 118 127 97 106 139 80 219 126 121 175 91 154 88 190 122 161 134 117 122 106 101 137 78 214 130 121 164 91 146 88 178 128 149 134 116 116 111 104 130 78 203 129 113 155 89 147 87 192 138 134 137 111 115 97 105 129 200 129 102 144 90 155 85 213 148 133 142 107 118 81 105 123 80 201 128 94 151 87 167 100 204 152 170 160 104 125 68 100 125 80 202 122 96 148 87 201 121 212 164 250 169 105 129 67 104 123 82 201 124 93 168 91 214 134 207 167 290 166 108 124 72 108 128 85 200 125 96 166 97 209 125 201 155 289 161 107 128 81 102 108 86 200 124 91 193 95 199 1.16 191 147 279 158 108 136 87 98 101 84 197 126 104 192 93 195 107 193 142 268 155 109 135 84 98 99 83 197 148 112 197 88 188 102 196 134 251 236 441 145 213 282 207 245 126 233 231 251 435 152 238 288 211 261 135 246 249 255 438 156 232 291 233 279 133 248 248 263 443 161 240 297 207 319 138 248 240 267 443 165 234 298 213 357 135 245 233 261 447 173 213 300 228 376 124 243 203 271 463 275 482 276 512 267 512 261 520 273 547 216 315 221 376 122 243 207 227 1 329 216 366 126 243 210 216 378 213 346 130 246 220 222 241 227 297 124 240 226 207 345 241 294 120 246 213 229 344 239 288 121 244 237 85.6 78.5 81.7 90.1 80.7 95.4 84.9 75.4 81.5 90.5 80.3 94.6 83.1 73.8 78.2 90.3 78.5 94. 2 81.4 72.0 74.8 90.0 77.1 93.9 80.1 70.4 72.1 89.6 76.2 93.8 79.6 69.7 71.9 88.9 75.7 93.2 MARKETINGS A gricultural products Animal products Dairy products Fish Livestock Poultry and eggs Wool Crops Cotton Fruits Grains Vegetables Forest products . Distilled wood Lumber . Naval stores Pulp wood .1923-1925 = 100. . 1923-1925 = 100. . 1923-1925 — 100 1923-1925 = 100.. 1923-1925 = 100.. 1923-1925=100-. 1923-1925 = 100.. 1923-1925 = 100.. 1923-1925 = 100-1923-1925 = 100- . 1923-1925 = 100. . 1923-1925-100 1923-1925 = 100.. 1923-1925 = 100— 1923-1925 = 1001923-1925 = 100— 1923-1925 = 100-- ORDERS Orders new 1923 1925 100 Iron and steel 1923 1925 — 100 Lumber and products 1923-1925 = 100_ . Paper 1923 1925 100 Stone, clay, and glass 1923-1925=100-Textiles 1923 1925 100 Transportation equipment _ . 1923-1925 =100— Orders unfilled 1Q23 1925 100 Iron and steel 1923-1925 — 100 Furniture and flooring 1923-1925 = 100.. Paper 1923 1925 — 100 Brick and glass 1923-1925 — 100 Textiles 1923 1925 — 100 Transportation equipment- .1923-1925=100-. STOCKS Domestic stocks 1923 1925 — 100 Manufactured goods 1923-1925 — 100 Chemicals and allied prod. 1923-1925 = 100. . Food products 1923-1925 — 100 Forest products 19^3-1925 — 100 Iron and steel products 1923-1925=100— Leather 1923-1925=100 Metals, nonferrous 1923-1925 = 100. . Paper, newsprint 1923-1925 — 100 Rubber products 1923-1925= 100 _ . Stone, clay, and glass 1923-1925 = 100. _ Textiles . 1923-1925-100 Raw materials _ 1923-1925 = 100 Chemicals and allied prod .1923-1925 =100. _ Foodstuffs 1923-1925^-100 Metals 1923-1925 = 100Textile materials 1923-1925 = 100 World stocks — foodstuffs and raw materials: Total 1923-1925=100--! Coffee— adj. for seasonal — .1923-1925 = 100_. Copper—unadjusted 1923-1925 = 100 Cotton— adj. for seasonal -.1923-1 925 =100--! Rubber—unadjusted 1923-1925 =100.. Silk adj for seasonal 1923 1925 — 100 Sugar— ad 1. for seasonal 1923-1925=100 ! Tea— adj. for seasonal 1923-1925=100-. Tin—unadjusted 1923-1925 = 100 ! Wheat — adj. for seasonal 1923-1925=100 28 150 107 132 85 95 99 82 200 136 112 182 87 179 95 189 129 235 532 218 344 103 243 ! II S 53 COMMODITY PRICES COST OF LIVING (N. I. C. B.) Total all groups Clothing . FoodFuel and light Housing Sundries 2 Revised. 1923 = 100 1923 = 100 1923 = 100__ 1923 = 100 1923 = 100._ 1923 = 100. . 78.8 68.4 71.0 87.0 74.6 93.0 88.2 82.0 84.9 90.6 84.1 96.8 86.9 80.7 82.8 89.1 83.5 95.9 85.9 79.9 81.0 89.1 82.6 95.5 85.9 78.6 81.5 89.3 82.0 95.8 85.9 78.6 81.9 89.6 81.5 95.5 83.9 74.2 79.9 90.5 79.3 94.3 24 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1931 1933 April June, 1932 April i May June Jaly 1932 j Novem- Decem- January i ber ber August SeptomOc ber February March COMMODITY PRICES—Continued FARM PRICES (Dept. of Agri.) Total, all groups 1909-1914=100 Cotton and cottonseed 1903-1914 = 103.. Dairy and poultry products. 1909-1914 = 100. _ Fruits and vegetables 1909-1914 — 100 Grains 1909-1914 = 100 Meat animals 1909-1914 — 100 Unclassified 1909-1914 = 100 59 48 70 78 50 66 44 91 78 96 120 74 108 63 86 74 87 119 74 99 62 80 65 85 114 67 91 59 79 71 84 110 57 92 58 75 53 89 97 54 92 60 72 47 93 83 50 86 55 68 42 99 70 46 79 53 71 50 102 68 57 76 51 66 45 99 68 52 68 49 63 45 85 70 52 68 46 60 47 77 68 51 65 47 61 50 72 73 51 69 46 170 104 182 124 179 121 181 118 184 119 186 120 189 119 189 119 189 117 189 114 189 109 189 105 183 105 RETAIL PRICES Coal f D3pt. of Labor) Foo 1 (Dapt of Labor) 1913 = 100-. 1913 = 100 WHOLESALE PRICES D apartment of Labor index: Co nbined inde* (784) . 1923=100-. 65 5 Economic classesFinished products 1923=100.. 71. 1 Haw materials 1923=100 . 55 5 S3 mi manufactures _ _ _ 1923=109-. 59 6 Far m products 1923 — 100 49 2 Grains . . . . 192] =100-. 44 5 Livestock and poultry 1923=100-. 49.2 Foods 1923 = 100-. 61.0 Dairy products 1923 = 100-. 61.6 62.3 Fruits and vegetables 1923 = 100.. 59.8 Meats . 1928 = 103Other products 1923=109. 70 9 Building materials 1923=100-. 72.5 Brick and tile 1923=100— 78.4 Cement . . . _ 1923=100.. 75.0 Lumber 1923=100 60.0 Chemicals and drugs 1923=100-. 74.7 Chemicals 1923 — 100 79.7 Drugs and pharmaceuticals_1923=100-_ 58.9 70.1 Fertilizer materials 1923—100 Fuel and lighting 1923=100.. 70.2 Electricity 1926 = 100 Gas 1923=100-. Petroleum products 1923=100.. ~"~~45.~5~ 75.0 Hides and leather 1923=100-. 88.4 Boots and shoes... 1923=100-. Hides and skins 1928=100— 40.8 67.2 Leather 1923=100 76.3 House furnishing goods 1928=100-. 77.4 Furniture 1923=100 75.4 Furnishings 1923 = 100.. 80.3 Metals and metal products. ._ 1923 = 100.. 80.1 Iron and steel 1923=103-. 49.3 Metals, nonferrous 1923=100 Plumbing and heatinge:iuip_1923= 100.. 61.4 57.0 Textile products 1923=100 68.7 Clothing .. 1923 = 100.. 55.1 Cetton goods 1923 = 109. 51.9 Knit goods 1923 — 100 31.3 Silk and ravon 1923-103 59.7 Woolens and worsteds 1923=100-. 64.7 Miscellaneous 1923 = 100 .. 39.2 Auto tires and tubes 1923 = 100-. 76.8 Paperandpulp _ ... 1923=100— Other indexes: 53.5 Bradstrest's (93) 1928=100 71.6 Dun's (303) 1923 = 100.. Wholesale prices, actual. (See under respective commodities.) 74.8 73.2 72.1 72.0 72.1 71.2 70.3 70.2 68.6 67.3 66.3 66.0 78.3 63 3 71.5 70 1 59.5 70.3 76.3 80.6 76.2 79.9 75.9 81.5 83.9 81.0 73.4 81.3 85.1 63.4 80.6 65.4 93.7 96.1 37.4 87.5 94.8 62.0 88.4 87.9 91.9 84.2 85.7 84. 1 67.5 86.6 68.2 76,9 71.4 60.7 43.4 69.0 71.5 46.9 82.1 76.9 68. 5 69.8 67.1 59.6 64.1 73.8 78.1 78.1 74.4 75. 1 80.0 83.7 79.7 69. 4 80.5 83.9 63.2 80.5 65.3 98.0 99.0 35.9 87.6 94.8 62.6 88.1 86.8 90.4 83.6 85.0 83.8 63.3 86.6 67.4 76.9 69 2 60.7 41.4 63.5 70.5 46.9 81.5 76.0 64 7 69.3 65.4 56.0 61.9 73.3 78.8 76.4 71.3 74. 1 79.3 83.7 77.7 68.5 79.4 82.5 62.6 79.8 62.9 93.6 101.9 30.7 83.0 94.6 65.5 87.8 86.4 89.8 83.4 84.4 83.5 61.2 86.6 66.6 76.3 67.6 59.8 41.9 63.0 69.7 46.0 80.7 76.1 64.3 69.3 64 9 49.0 63.0 74.0 80.6 74.2 73.4 73.9 78.1 83.4 75.8 67.2 78.9 82 4 62.1 78.7 62.9 97.9 103.5 30.3 89.4 93.5 72.7 89.8 85.7 89.1 8?. 8 84.3 82.7 61.4 86.8 66.5 76.1 68.8 60.0 43.8 67.4 69. 7 46.0 80.6 76.4 64.1 63.3 63.5 44.8 67.0 74.6 82.2 73.4 76.0 74.2 77.6 82.9 75.8 66.9 76.9 80.5 61.9 74.4 66.5 98.4 103.2 37.5 88.7 93.5 69.1 90.3 84.9 88.6 81.7 83.9 82.4 60.1 83.8 65.5 75-9 64.0 59.2 43.7 67.4 63.3 46.0 80.6 75.9 62.7 66.7 60.5 44.2 61.0 73.7 84.6 71.0 73.6 73.9 77.0 82.6 75.8 66.9 76.3 79.8 61.7 74.2 67.4 100.6 103.4 38.9 85.0 93.5 53.6 83.4 82.7 84.6 81.2 83.9 82.3 59.0 82.6 64.5 75.5 61.5 59.2 43.5 65.7 63.2 46.0 80.7 75.1 61.5 65. 2 53.8 44.3 57.6 73.3 86.1 68.2 71.1 72.9 76.1 82.6 75. 1 65. 2 75. 6 79.7 61.6 70.2 67.8 102. 1 100.8 39.2 82. 5 93.1 50.0 80.7 81.0 82.4 79.8 82.8 81.7 54. 9 81.6 63.0 73.9 59.7 59.2 41.7 64.6 66.6 46.0 80.5 74.8 62.0 64. 9 53.7 51.3 55.7 71.0 80.7 65.1 67.7 73.5 76.2 81.4 74.6 65.9 76.1 80.6 61.3 70.1 69.4 103.4 100.1 42.5 81.6 92.5 49.0 78.8 80.9 82.3 79.7 82.6 81.5 54.7 81.4 62.2 72.6 58.1 59.0 41.8 64.2 63.7 46.0 80.8 73.3 60 2 63.7 55 7 47.0 51.7 69.1 79.8 63.5 63.2 72.3 75.7 80.0 74.6 65.8 76.1 80.8 61.0 70.1 63.3 104. 1 98.2 39.6 79.8 89.2 48.8 78.6 78.5 80.6 76.6 82.2 81.0 53.8 79.9 60.8 70.8 56.4 58.5 39.0 63.9 66.8 40.8 80.8 72.1 58.3 63.1 52 8 46.7 53.4 64.7 67.8 62.2 61.9 71.7 74.8 79.3 75.2 65.6 75.7 80.6 60.6 69.9 67.9 107.5 98.6 38.8 79.3 88.8 49.0 77.5 77.7 79.5 76.1 81.8 79.9 55.4 74.1 59.9 70.7 55.8 55.8 37.7 63.3 65.6 39.7 78.0 71.4 56 9 61.9 50 6 46.1 50.3 62.5 64.1 61.8 59.5 71.3 73.4 79.3 75.3 62.9 75.5 80.8 60.1 69.8 68.3 104.8 98.0 38.6 78.3 88.5 46.1 76.5 77.5 79.5 75.9 80.9 79.3 52.7 65.8 59.8 70.6 56.4 55.8 36.5 63.1 64.7 39.5 76.7 71.5 56 1 60.8 50 2 43.5 51.4 62.3 64.2 62.3 61.4 70.9 73.2 79.3 75.0 61.5 75.3 80.9 59.7 68.6 67.9 104.4 97.5 39.8 77.3 88.5 44.7 73.4 77.1 79.1 75.4 80.8 79.7 50.5 64.4 58.7 69.0 56.2 54.9 33.5 62.7 64.7 39.2 76.8 69.0 79.2 66.9 77.3 67.9 77.7 68.0 77.2 65.7 75.1 64. 2 72.3 62.6 74.4 61.2 74.4 59.8 74.6 58.2 74.4 56.6 74.0 55.3 73.3 CONSTRUCTION AND REAL ESTATE I CONSTRUCTION CONTRACTS AWARDED Contracts awarded, F. R. B.: Total, unadjusted 1923- 1925= 100. . Residential 1923-1925=100 _ Total, adjusted .1923-1925= 100 .. Residential 1923-1925=100.. F. W. Dodge Corporation (37 States): Total, all typesProjects . number.. Floor space thous. of sq. f t _ _ Valuation thous. of dolls. _ Nonresidential buildings: Projects number . Floor space thous. of sq. ft Valuation thous. of dolls.. Public works and utilities: Projects number Floor space thous. ofsq. ft.. Valuation thous of dolls Residential buildings: Projects number Floor space thous. ofsq. ft.. Valuation thous. of dolls.. Engineering Construction: Total contracts a w a r d e d (E. N. R,) thous, of dolls.. 59 32 59 32 52 29 55 30 43 26 49 27 30 20 38 23 25 16 31 19 23 15 27 17 26 16 26 15 10, 663 33,812 285, 997 9,242 ! 9,105 30,631 30,068 233, 106 j 251, 110 8,701 30, 700 242, 094 7,014 20, 519 151, 196 5,951 17, 210 136, 852 4,659 12, 601 84, 798 5,208 12, 299 89, 046 6,646 16, 924 112, 235 2,713 16, 642 108, 231 2, 803 2, 957 15,621 i 16,690 102,623 105,840 2, 382 ! 2, 209 15, 770 ; 16, 723 99,940 ' 111,418 2, 145 15, 313 99, 092 1,765 9,290 58, 496 1,467 8,176 50, 381 1,481 5,379 33, 238 1,796 6,052 36, 348 2,032 8,205 49, 172 1,907 785 132, 993 2,141 387 108, 948 2,030 1,117 140,780 1,719 737 72,964 1,800 353 85,139 1,288 171 82, 462 992 271 47, 410 977 280 50, 307 539 300 24, 056 595 176 28, 281 839 197 29, 854 4,016 7,174 28, 895 7,221 22, 633 95, 896 6,652 21,911 88, 900 5, 972 5, 658 16,913 ; 15,889 72,745 ' 63,893 5,141 5,096 14, 124 • 12, 992 60,203 | 54,553 5, 268 15, 217 60, 540 4,257 10, 958 45, 290 3,507 8, 753 36, 164 2,639 6,922 27, 504 2.817 6,071 24, 417 3,775 8,523 33, 209 95, 605 316, 905 217, 833 196,326 i 245,110 148,901 , 176,956 225, 173 136, 758 123, 131 90, 869 76, 646 86,119 30 16 24 14 82 52 73 44 78 47 65 40 74 41 63 37 68 36 61 35 7, 653 13, 887 121, 705 11, 888 39, 380 336, 925 11,506 38, 941 306, 079 10, 805 33,651 316, 148 2,179 6,501 45, 515 2,760 15, 963 108, 036 1,458 211 47, 295 ; 2,048 1,233 116,265 63 32 59 33 SURVEY OF CURRENT BUSINESS June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 April 25 1931 April May June ! July August 1932 Novem- Decem- January Febru» October ber ber ary S March CONSTRUCTION AND REAL ESTATE—Continued HIGHWAY CONSTRUCTION Concrete pavement contract awards: Total . » thous. of sq, yds_. Roads only thous of sq vds Federal-aid highways: Approved fox construction — Estimated total cost thous. of dolls.. Federal-aid allotment thous. of d o l l s . Mileage, total number Initial. __. number Stage (added improvement) nuaiber.. Under constructionEstimated total cost thous. of dolls. _ Federal-aid allotment thous. of dolls. _ Mileage, total number Initial number Stage (added improvement) number .. Mileage completed to date number Balance of Federal-aid funds for new construction thous. of dolls. . 11,088 10 3»!6 24, 671 21 982 12, 303 10 038 15, 957 13 536 12, 470U 9 30 7, 675 5 437 8, 7029 6 18 4,009 2 482 4, 361 '"" 559 5, 364 4 915 2,524 2 252 3,255 3 084 6,005 5,457 73, 994 33, 057 3 986 2 443 1, 543 118,438 51,113 5 960 3 355 1, 905 90, 221 39, 495 4 9R4 2' 707 1, 556 60, 165 26, 8861 2 97 ' l' 946 1, 033 54, 545 23, 850 2 63° l' 698 li 004 41,880 18, 584 2 ()24 1* 373 651 29, 779 11,321 1 374 936 437 29, 174 11, 539 1 445 1 032 413 29. 422 11, 9669 1 39 986 406 35,473 15, 134 1 910 1 248 663 44, 401 19, 226 2 398 l' 682 716 47, 423 20, 620 2 671 1*929 742 55, 562 25,235 3,185 2,200 985 199, 726 93, 997 8 739 6 941 1, 798 100 917 303, 362 134, 162 12 243 9 569 2, 674 89 347 356, 146 158, 145 14 705 11 298 3,477 88 763 387, 397 172, 587 16 480 12 306 4,174 88 713 388, 004 173, 362 16 241 12 °07 4,034 go 871 378, 476 170, 924 16 0(U 11 8^1 4,207 QQ 037 344, 072 155, 508 14 315 10 660 3,655 93 072 292, 869 131, 690 1 1 89° 9 097 2,872 95 960 257, 529 115,428 10 196 7 928 2', 268 97 993 216, 850 98, 080 8 672 6 818 1, 854 99 777 203, 386 93, 716 8 378 6 559 1, 819 100 263 200, 621 93, 245 8 393 1, 736 100 523 198,941 93,018 8,440 6,716 1, 724 100,678 82, 020 63, 823 48, 744 39, 639 30, 544 27, 1.25 25, 518 125, 577 121,495 113, 879 106, 845 102,411 94,453 153 148 154 181 153.1 172 186 172 175 199 191.6 166 180 166 169 197 189. 3 166 170 165 168 196 187.2 165 177 162 166 195 174. 4 163 176 160 165 195 171. 4 163 174 159 164 193 171. 4 161 17° 192 169. 8 160 170 156 161 192 169. 3 159 169 154 160 190 166. 2 158 166 153 158 190 162. 5 155 164 151 156 189 161. 8 154 164 150 155 183 157.2 132 163 162 160 176 148 146 146 174 144 143 149 172 141 139 136 172 100 154 167 157 167 160 166 158 164 155 103 156 161 154 162 156 163 1 58 161 156 161 1*>6 163 157 162 155 43, 822 87 41, 424 107 37, 835 137 33, 368 140 33, 025 1 44 31,918 135 33, 203 126 35, 502 119 35. 288 79 40, 514 61 39, 225 43 39, 825 45 49,189 02 0 61 3 58 4 61 1 5<j x gn 3 63 9 59 o 64 5 57 8 58 8 2 741 65 28 27 109 489 116 665 84 31 57 89 22 124 3 253 95 37 49 198 650 136 790 59 53 72 107 49 141 3 505 172 31. 53 173 687 128 806 75 72 60 115 50 144 3 598 163 36 51 142 702 136 873 83 3 984 232 13 18 160 881 142 973 32 70 3 891 231 0 20 151 888 130 1 001 234 3 76 ifin 1,018 128 1 178 64 127 62 94 53 140 40 82 41 133 82 154 69 67 129 24 118 479 84 122 13 130 513 109 122 16 120 578 104 126 i^ 138 611 102 88 99 99 110 828 108 93 801 97 86 732 111 11, 967 1 604 397 354 328 2,277 187 2 001 41 842 90 50 98 88 463 174 sns 14, 234 1 469 631 444 334 2,665 237 14, 007 1 311 564 399 342 2,729 251 .11, 073 42 1 231 '246 91 167 193 374 °>13 f. KQ7 CONSTRUCTION COSTS Building costs (Amer, Appraisal Co.): Brick, steel frame. 1913=100— Brick, wood frame _ _ 1913=100 Frame 1913 = 100._ Reinforced concrete 1913—100 Building costs—all types (A. G. C.). -1913 =100. _ Building costs— all types ([K. N. #.)-- 191 3 =100.. Building costs — electric light and power construction (Richey) " 1913 = 100 Building costs— factory (Aberthaw) 1913=100 Building material costs: Brick house, 6-room 1913=100— Frame house, 6-room_. 1913 = 100 162 157 1H9 MISCELLANEOUS DATA Construction— employment and wages: Employment, Ohio. (See Employment.) Wages, road building. (See Employment.) Construction, volume (A. G. C.} _ . .1913=100 Fire losses, United States thous. of dolls.. Ship construction. (See Trans. Equipment.) Real Estate: Market activity 1926=100 New financing. (See Finance.) DOMESTIC; TRADE ADVERTISING Radio broadcasting: Cost of facilities, total- _ _ thous. of dolls 3 987 Automotive thous. of dolls.. 261 Building materials thous. of dolls.Clothing and dry goods thous. of dolls— 88 Confectionery . ._ thous of dolls 176 Drugs and toilet goods thous. of dolls.. 855 Financial thous. of dolls. 104 Foods . --.thous. of dolls 1 105 Housefurnishings thous of dolls 42 Machinery thous of dolls 69 Paints and hardware thous. of dolls.87 Petroleum products thous. of dolls... 161 Radios thous of dolls 31 Shoes and leather goods _ _ _ thous. of dolls— 45 Soaps and housekeepers' supplies .thous. of dolls.. 102 4 Sporting goods thous of dolls Stationery and publishers-thous. of dolls... 82 Tobacco manufactures thous of dolls.. 692 Miscellaneous thous. of dolls.. 86 Magazine advertising: Cost, total thous. of dolls- 12, 970 Automotive thous of dolls 1 554 Building materials thous. of dolls 411 Clothing and drygoods thous. of dolls.349 Confectionery thous. of dolls.. 231 Drugs and toilet goods thous. of dolls. . 2,876 Financial __ thous of dolls 215 Foods thous of dolls 2 237 Garden ._ ._ thous of dolls 133 Housefurnishings, -thous of dolls. 1, 187 Jewelry and silverware thous, of dolls. _ 90 Machinery thous. of dolls.. 54 Office equipment thous. of dolls. . 104 Paints and hardware thous. of dolls124 Petroleum products __ thous. of dolls. 279 Radios. ._ thous of dolls 138 Schools thous. of dolls..! 181 120541--32- 3 164 122 39 66 QQ 471 155 787 85 76 69 103 118 95 3 036 91 30 68 100 463 136 71 72 74 95 104 131 9 835 100 19 44 11° 452 126 74 <s 44 89 84 95 o 7g4 89 32 38 135 453 112 730 39 20 81 96 10 86 2 527 68 25 32 106 396 98 652 153 37 72 90 18 51 115 29 128 434 181 110 37 107 425 160 86 476 93 146 34 92 476 87 84 467 79 17, 173 1 632 ' 749 494 301 3, 552 319 ' 910 1 536 168 191 216 232 471 209 16, 959 1 886 742 412 387 3, 417 274 2 419 196 1 462 308 157 247 216 458 116 16, 692 1 886 682 481 553 3, 221 294 2 408 121 1 324 391 190 252 184 526 128 12, 314 1 393 515 531 426 2, 658 253 1 904 59 630 159 102 170 88 445 141 10, 008 1 304 295 180 378 2,210 180 1 805 28 4<^ 77 55 88 45 429 114 274 9Q4- 315 9 ggfj 129 OQ 201 317 9 fi^d 929 fQ CQ 4 Ofll 0-1 7,641 fi7ft 11, 622 12, 253 CM 9 155 182 222 1,424 203 249 232 128 2,592 284 197 3,043 9 «OK 266 283 309 2, 238 198 9 09ft 32 984 378 72 124 116 404 AK. 1 ono 70 OAO 917 1 7S1 910 2 090 708 oca 1 39 fiO7 381 56 139 29 167 38 97 14 37 53 105 51 3°2 OCR OOQ nor IRfi 1 Qfi IftA 91 K 9«0 87 65 120 01 tyca 1QK 26 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 April June, 1932 1931 April May j June ! July 1932 1 N overn- DecemSeptemFebru| August October r ber January ary ber ber i ! March DOMESTIC TRADE—Continued AD VEBTISIN G— Continued Magazine ad vertising— continued . Shoes and leather goods thous. of dolls Soaps and housekeepers' supplies thous. of dolls.. Sporting goods thous. of dolls.. Stationery and books thous. of dolls.. Tobacco manufactures thous. of dolls.. Travel and amusement thous. of dolls. _ Miscellaneous thous. of dolls Lineage total thous of lines Newspaper advertising: Lineage, total (22 cities) thous. of lines.. Lineage, total (52 cities) thous. of lines.. Classified thous. of lines. . Display .. thous. of lines.. Automotive thous. of lines.. Financial thous. of iines__ General thous. of lines. . Retail thous. of lines__ 158 206 913 188 1, 246 309 207 380 209 1,261 i 438 i 345 208 98 41 95 149 186 132 57 31 65 1. 091 592 7S3 334 683 °45 963 201 389 117 434 619 231 560 1,911 806 118 410 676 334 562 1, 832 470 168 509 593 416 427 1, 626 350 176 271 513 317 331 1, 138 702 73 193 6(55 342 327 1,469 741 111 228 560 329 367 1,677 87, 803 81, 891 77. 005 130, 895 122, 135 117, 009 22, 746 20, 868 19, 473 108, 150 101, 267 97, 536 4. 957 4', 233 4, 487 2,919 2, 645 2, 4(>9 23, 676 21, 979 13, 985 76, 597 72, 33*} 76. 673 67, 762 100, 032 18, 384 81, 648 7,001 3, 294 1C, 841 54, 512 63, 557 97. 570 17, 724 79, 847 4, 858 2,023 20, 142 52, 824 72, 043 109, 808 19, 565 90, 243 5,352 2, 158 21, 720 61, 012 9 366 180 160 486 615 451 2 191 422 321 414 1 613 428 172 328 1 316 111 171 450 1 603 89? 096 136, 436 23, 905 112 531 8, 258 3,988 24, 214 76, 071 79, 772 88,443 138, 196 i 123,928 24,421 23, 158 113 774 100 769 9, 616 7,922 3,258 3, 259 24, 736 26,017 74,884 64, 853 66, 877 108, 620 21, 132 87 4-88 8,184 3,875 19. 805 55, 563 67,169 106,021 22. 215 83 806 7^007 2,448 18, 002 56, 290 77. 208 114.862 22, 172 92 690 6, 052 2, 529 18, 086 65, 423 71, 703" 112 843 961 1 °58 91 332 ' 111 183 535 462 342 1 777 542 769 502 2 421 70, 573 108, 686 20, 056 88, 631 7, 222 1,934 18, 725 60, 749 479 ! 711 ! 529 ; 2 375 : 40 COLLECTIONS Delinquent accounts, electrical trader Amount . dollars.. Firins number 98 691 70 681 78 534 941 948 933 780 786 65 9 65 8 64 7 63 9 64 6 65 7 number. . 3, 072 3,278 3, 096 3,166 2,867 2, 704 2, 453 Air mail, weight dispatched pounds. _ Money orders: Domestic, issued (50 cities) — Number _ _ thousands. _ Value thous. of dolls Domestic, paid (50 cities)— Number. thousands . _ Value thous. or dolls.. Foreign, issued— value thous. of dollsReceipts, postal: 50 selected cities thous. of dolls.. 24, 272 50 industrial cities thous. of dolls.. 2,698 750 638 750,960 781,419 779 105 804 455 3 766 36 006 3 766 36 006 3 729 36 315 3 501 34 2°4 10, 902 81 956 4, 442 10,902 81 956 4,073 I 10, 734 79 311 4, 348 29, 257 3,268 27,844 3,047 : 95, 414 987 73, 165 877 95,161 996 82, 819 938 93, 376 911 93. 619 1,215 65. 3 66.6 66.7 65.9 63.8 64.3 2, 846 2 774 3, 012 3,311 2, 930 3,202 796 703 836, 603 720, 301 827, 530 669, 077 634, 284 718, 989 3 36S 33 370 3 379 33 800 3, 749 37, 801 3, 600 35, 458 4, 125 39, 329 3, 691 35, 494 3,656 34, 142 3,906 35, 128 9,930 76 365 4,412 9, 074 7 '• 6" 3, 958 9, 124 74 679 4,496 10,52! 86, 759 4, 027 9, 751 81, 318 3 971 11,509 91, 567 8,140 9. 795 78, 149 3,500 9,271 73, 463 10.167 79, 878 26, 442 2, 957 24. 578 2,903 23, 389 2, 869 26, 335 2, 897 28,618 3, 150 25, 355 2f 809 34, 966 4, 068 25,312 2,911 24, 061 2,832 26, 677 2, 985 148 162 140 149 143 160 142 156 169 152 148 147 279 144 115 155 121 156 138 146 1 833 1 628 1 565 1 6°9 FINANCIAL INDICATORS Bank debits. (See Finance.) Business failures. (See Finance.) Commercial loans. (See Finance.) Money in circulation. (See Finance.) GOODS IN WAREHOUSES Space occupied, public merchandising warehouses per cent of total NEW INCORPORATIONS Business incorporations (4 states) POSTAL BUSINESS RETAIL TRADE Chain-store sales: Five and ten cent sales — Total, 8 chains, unadjusted- 1923-1925 = 100. . Total, 8 chains, adjusted. .1923-1925= 100.. F. and W. GrandSales ._ _ thous. of dolls.. Stores operated number S. S. Kresge Co.— Sales thous. of dolls.. Stores operated number. . S. H. 5 Kress & Co.— Sale * thous of dolls Stores operated number _ . McCrory Stores Corp.— Sales thous. of dolls Stores operated. number _ McLellan Stores — 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 F. W. Wool worth Co.— Sales thous. of dolls.. Stores operated number. Grocery chains: A. & P. Tea Co.— Sales, value, total thous. of dolls.. Weekly average thous. of dolls.. I Sales, tonnage, total tons.. Weekly average. _tons~ ! 134 141 160 16S 156 168 ; 119 191 2. 134 121 1; 740 123 3, 158 123 1,324 114 1,505 115 1,604 92 10, 722 696 10,976 699 10, 957 703 12, 498 705 11, 220 710 22,173 711 8, 845 713 9, 080 712 10, 383 714 5 467 217 5 104 218 5 286 218 5 2°'i '220 5, 706 222 5, 587 221 11,221 221 4,274 222 4,698 225 5,290 3 412 3 240 3 004 3 214 3 260 243 24° 243 244 3, S81 244 3> 243 469 244 6, 882 244 2, 919 244 3,067 244 3, 584 244 1 797 1 859 1 780 1 649 1 701 1 69°. 277 277 277 277 277 ' 278 1.940 '278 1 769 279 3, 747 278 1,277 277 1, 345 277 1,537 276 1 569 169 1 475 170 1 519 'l72 1 490 172 1,715 172 1, 578 172 2, 961 172 1, 111 171 1, 221 171 1,430 171 695 692 594 589 45 45 45 45 '• 607 44 832 45 610 45 1,145 45 471 44 591 45 625 40 23, 830 1,896 24,117 1, 896 21, 978 1,889 21, 079 1, 889 21,712 1 1, 895 1 21,732 1, 902 26, 150 1, 906 22. 005 1> 906 39,713 1, 906 17, 991 1,902 18, 793 1, 906 21, 255 1,908 85, 026 21, 257 456, 704 114, 176 102, 946 20,589 563.223 112,645 80, 851 20, 213 454, 268 113, 567 95, 528 19, 106 513, 095 102, 619 ] 349 2 004 1 825 192 117 118 119 IIQ 10, 337 714 12, 590 688 12, 123 690 11,896 694 4 911 226 5 761 216 5 4(59 216 3 354 3 703 244 243 1 658 276 1 488 173 1 588 168 602 723 40 45 20, 755 1,910 72, 369 18, 092 422, 714 105,678 1 549 ' 168 ! 74, 411 18, 603 399, 779 99, 945 74, 642 18, 660 411,883 102, G71 95, 498 74, 703 19, 100 18, 676 524, 743 418, 762 104, 949 104, 691 : 91,311 68, 967 i 18, 262 17, 242 516, 171 395, 428 1 103, 234 98, 857 69, 861 88,912 17, 465 17, 782 412,767 1 520, 198 103, 192 104, 040 27 SURVEY OF CURRENT BUSINESS June, 1932 ! 1933 Earlier data, together with explanatory \ footnotes, may be found in the 1932 Annual Supplement to the Survey April 1931 April i May i June ! July 1932 Decem- | January Februber ary O ctober August March DOMESTIC TRADE—Continued i DETAIL TRADE— Continued Restaurant chains: Total sales, 3 chainsSales tiious of dolls Stores operated number Childs Co.— Sales thous. of dolls Stores operated number J. R. Thompson Co.— Sales thous. of dolls ! Stores operated number Waldorf System (Inc.)— Sales thous. of dolls-- i Stores operated number- Other chains: W. T. Grant and Co.— Sales thous of dolls Stores operated number J. C. Penney Co.— Sales _.__ thous. of dolls - ! Stores operated number Department store sales and stocks: Sales, total value, ad justed. .1923-1925= 100— ! Sales, total value, unad justed J 923-1925 = 100- Atlanta 1923-1925 = 100Boston 1923-1925 = 100— Chicago 1923-1925 = 100— ! Cleveland 1923-1925 = 100- Dallas 1923-1925 = 100— Kansas City 1923-1925 = 100-Minneapolis 1923-1925 = 100New York 1923-1925 = 100-Richinond 1923-1925 = 100St. Louis 1923-1925 = 100— San Francisco 1923-1925 = 100Installment sales, New England dept. stores, ratio to total sales per cent— Stocks, value, end of month— Unadjusted 1923-1925 = 100Adjusted 1923-1925 = 100 Mail-order house sales: Total sales, 2 companies thous. of dolls.. Montgomery Ward & Co.. thous. of dolls. . Sears, Roebuck & Co thous. of dolls.. i 3, 922 385 4,594 387 ! 4, 496 386 4, 185 388 : 4, 188 i 391 \ 4,577 379 4,745 i 381 | 4, 892 378 4,419 378 4, 737 383 4,261 382 4, 009 384 4,206 385 1, 618 108 2, 059 i 110 1, 957 108 1,847 ! 109 ; 1, 858 i 108 | 2, 030 108 2,164 i 108 2. 208 ' 107 1,980 106 2,163 108 1, 924 108 1,787 108 1,813 108 1, 064 116 1,175 117 1,202 116 1, 093 i 117 1, 086 118 1, 301 117 1, 278 117 1,325 115 1.187 116 1, 233 116 1,114 115 1, 041 115 1, 128 116 1, 240 161 1, 360 ! 160 ! 1, 337 ; 162 1, 245 162 1, 244 " 165 1, 246 154 1, 303 156 1 1, 359 156 1,252 156 1,341 159 1, 223 159 1,181 161 1, 265 161 5, 997 412 6, 402 364 6, 606 367 : 6, 289 371 5, 227 5, 395 381 5, 570 386 ; 7, 423 400 6, 485 400 12,111 402 4,495 404 4, 839 406 1 5, 567 411 15, 450 1 14, 832 1, 453 | 1, 453 12, 779 1, 454 13, 257 1, 456 14, 577 ! 1, 457 17, 968 1, 458 16, 493 1, 458 21, 269 1, 459 9,288 1,460 9, 586 1,460 j 11, 412 1, 463 91 65 64 64 65 62 88 67 69 64 84 ; 87 86 9r, 83 97 80 93 82 73 84 82 68 112 102 84 93 81 142 97 103 91 82 91 88 76 123 118 88 103 144 136 123 127 126 112 174 176 124 151 77 64 56 69 63 53 52 55 51 74 66 56 74 78 64 61 58 62 55 58 58 48 70 68 60 70 14, 325 2 15,379 1, 464 1, 454 80 74 78 70 64 66 72 86 8.1 69 74 106 101 94 95 105 97 93 91 93 Ul 104 95 103 97 97 93 92 94 86 93 86 79 101 102 85 101 6.4 6.5 62 70 39,745 16. 160 23, 576 11 ! ; 90 81 92 91 82 89 88 73 79 82 81 98 87 84 93 8.9 i i ' ; 72 70 68 72 68 63 67 68 73 82 86 66 84 79 79 75 109 104 80 92 85 65 65 66 65 67 70 67 98 7.0 4.7 6. 7 11.9 11.0 9.1 4.6 8.0 8.3 7.2 87 83 85 83 80 82 75 81 76 79 84 81 | 88 80 89 79 73 78 67 75 69 73 72 70 52, 068 20, 558 31, 520 50, 070 18,547 31, 523 49, 480 19, 219 30, 261 45, 093 15, 320 29, 773 43. 004 16, 407 26, 597 45, 955 17,505 1 28, 450 52, 280 22, 034 30, 246 45, 898 18, 403 27, 495 58, 821 21.899 36, 922 31, 975 12,028 19, 947 32, 581 11, 963 20. 618 33, 959 14, 054 19, 905 67.9 53.3 50.7 48.5 64.3 82.0 86.9 81.3 87.9 64.4 73.2 74.4 67.9 45.2 63.8 60. 3 90.8 69.8 69.3 71.5 72.9 78.6 68. 5 71.7 54.4 60.2 46.9 87.9 69.4 55. 0 52.6 50.1 66.0 81.9 85. 4 82.3 86.3 65.4 75.3 77.2 67. 6 66.3 47.7 45.7 42.6 59.1 81.7 85.9 81.2 84.2 62.8 75.7 77.5 68.3 42.4 61.2 56.8 89.0 69.1 69.7 67.2 71.6 73.4 66.9 69.0 53.9 63.4 43.9 84.3 68.1 51.6 50.2 46.3 63.0 81. 9 85.3 82.8 85. 3 64.0 75.4 77.4 67.1 67.3 48.4 44.7 42.4 62.3 81.1 84.6 80.2 82.9 63.0 80.0 82.4 69.6 42.0 61.4 57.2 87.3 68.6 70.3 63.4 74.4 76.0 70.4 71.9 55.4 65.7 44.8 84.2 67.8 51.4 90.3 45.7 64.1 80.2 82.9 81.2 83.7 62. 4 78.1 80.7 67. 5 66.3 48.9 44.5 42.5 63.8 81.1 84.1 78.7 81.4 61.8 81.2 84. 3 68.6 40.3 60.0 56.1 86.4 67.4 69.4 61.2 73.5 73.2 74.3 70.4 54.7 63.7 45.3 83.0 66.4 50.1 47.6 44.1 63.4 78.6 83.0 79. 5 83.1 60.9 80.2 83.4 67.0 59 55 72 71 i ! EMPLOYMENT CONDITIONS AND WAGES EMPLOYMENT Factory, unadjusted (F. 12. J3.)-_ 1923-1925 = 100Cement, clay, and glass 1923-1925= 100__ Cement 1993-1925 — 100 Clay products 1923-1925 = 100 Glass 1923-1925=100 Chemicals and products 1923-1925 = 100Chemicals and drugs.... .1923-1925 = 100 _ Petroleum refining . .1923-1925 = 100 Food products -1923-1925 — 100 Iron and steel 1923-1925 = 100Leather and products ...1923-1925=100Boots and shoes 1923-1925=100Leather - 1923-1925 — 100 Lumber and products 1923- 1925 = 100. _ Machinery - - 1923-1925 = 100 Metals, nonferrous 1923-1925 = 100_ _ Pai>er ard printing 1923-1925 — 100 Rubber products - — - 1923-1925 = 100 Auto tires and tubes 1923-1925 = 100.. Boots and shoes 1923-1925 = 100.. Textiles and products 1923- 1925 =100. _ Fabrics .1923-1925=100 Wearing apparel 1923-1925 — 100 Tobacco manufactures 1923-1925 = 100. . Transportation equipment- - 1923-1925 = 100— Automobiles 1923-1925 = 100.. Car building and repairing. 1923-1925 = 100__ Shipbuilding 1923-1925 = 100.. Factory, adjusted (F. R. R ) _ . 1923- 1925 = 100.. Cement, clay, and glass 1923- 1925= 100. . Cement 1923-1925 — 100 Clay products... 1923-1925 = 100— Glass 1923-1925-100 Chemicals and products 1923-1925 = 100.. Chemicals and drugs 1923-1925 = 100. _ Petroleum refining 1923- 1925 = 100— Food products 1923- 1925 -—100 Iron and steel 1923-1925 = 100 . Leather and manufactures. ..1923-1925 = 100— Boots and shoes . 1923-1925=100.Leather 1923-1925= 100. . 2 Revised. 64.0 48.8 44.8 43.1 62.1 82.4 81.9 78.6 80.6 59. 8 1 78.8 81.3 i 68. 3 1 39.6 57.0 53.9 85.3 66.6 69.3 58.7 67.9 67.3 69.4 68.4 53.0 58.9 45.5 85.2 64. 3 48.4 45.6 42.7 C1 3 78.5 81.2 78.6 83. 6 59. 0 80.2 83.0 68.8 77.9 65.7 66.0 62.6 71.7 96.7 93. 2 94.0 87.3 77.4 82.4 84.2 75.3 51.6 78.9 68. 1 94.6 71.1 73.7 63.2 81.8 78.6 89.8 80.2 66.2 75.1 56.9 93.9 78.0 65. 2 67.1 61.9 70.8 91.7 92. 4 94. 0 90.6 76.5 84.0 85. 9 76.0 77.1 67.3 68.3 64.2 72.8 91.4 91.5 94.4 88.3 75.7 80.8 82.2 75. 1 54.9 76. 8 67.4 94.6 74.3 77.4 65.1 80.6 79.8 82.4 80.7 66.1 77.3 55. 3 92.0 77.8 65.4 66.9 61.8 71.7 93.0 92. 9 94. 5 90.8 74.8 84.2 86.0 77.0 75.0 67.0 66.3 63.3 74.9 86.7 90.2 91.1 88.4 72.6 79.7 HO. 8 75.1 54.3 73.9 65.4 92. 7 75. 6 78.3 67.8 76.7 77.9 73. 6 79.9 63. 5 54! 6 91. 7 76.0 64.4 63.3 60.4 73. 0 89.6 92.1 90.2 88.7 72.6 83.9 ' 85.5 77.4 , 73.8 63.7 66.6 60.8 67.9 86.2 91.0 89.0 87.8 71.1 84.6 S6.4 77.0 52.2 70.4 63.4 92.0 74.1 75.9 68.6 75.2 77.1 70.6 79.4 60. 2 67.2 52.1 88.8 75.1 62.7 63.3 58. 6 70. 7 89.4 94. 2 87.1 88.1 72.1 84.8 86.4 78.4 74.2 62.6 63.2 58.9 69.7 84.4 89.0 86.4 87.9 69.9 86.7 88.8 77.8 52.1 67.7 62.3 91.7 71.5 74.1 63.9 77.8 77.4 78.9 79.1 58.7 65. 4 83! 2 74.1 60. 1 58.8 58.2 68. 7 86.6 91. 3 84.8 88. 1 70. 3 84.3 85.8 78.2 %.l 80.9 71.4 59.0 58.8 54.4 68.1 85.7 92.1 83.0 89.2 66.3 79.2 80.8 72.4 50.1 65.2 60.8 91.4 70.2 69.9 71.2 77.4 75.6 82.2 79.9 51.5 50. 5 49.0 84.1 70.3 57.6 56.5 53. 5 66. 2 85. 4 91.2 83.2 85.5 66.2 76. 4 82.3 75.2 nl 74.7 61.7 60.1 i 57.4 71.1 86.0 91.7 84.4 89.7 68.0 84.2 86.4 75.2 51.1 67.0 61.7 90.8 71.7 71.8 71 2 79.8 77.3 86.0 79.5 57.7 63.9 50.4 84.7 72.8 59. 4 57.1 55. 4 68.7 85.7 91,8 82.9 68.7 56.3 54.4 52.8 64.2 83.5 89.7 81.4 88.0 65.0 69.6 69.6 69.6 48.4 63.8 60.8 91.0 70.7 69.4 74.2 74.3 74.9 72.8 79. 3 50.6 49.9 47.4 87.3 69.3 55. 9 53.7 52.8 63.2 83.1 88.0 82.2 85.9 65. 3 70. 1 ! 70.3 69. 1 28 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1332 Annual Supplement to the Survey 1933 | June, 1932 1931 April J April \ May June July 1932 i August | Se^m"' October N( JJJJm1 I)^:^n" January ? rv lJ ~ 1 March EMPLOYMENT CONDITIONS AND WAGES—Continued EMPLOYMENT-Contimied Factory, adjusted (F. R. B.)— Continued Lumber and products 1923-1925— -100 Machinery _ _1923-1925 = 10CL. Metals, nonferrous 1 923-1925 = 100 Paper and printing . _ 1923-1925 = 100. . Rubber products 1923-1925 - 1 00, _ Auto tires and tubes 1923-1925 = 100— Boots and shoes 1923-1925 = 100— Textiles and products 1923-1925 = 100.. _ Fabrics 1923-1925- 100 .. Wearing apparel 1923-3 925 = 100. _ Tobacco manufactures 1923-1925 = 100. . Transportation equipment___1923-1925= 100.. Automobiles 1923-1925 = 100Car building and repairing. 1923-1925= 100.. Shipbuilding 1923-1925 = 100.. Factory, by cities and States: CitiesCleveland Jan. 1921 = 100 Detroit 1923-1925 — 100 New York 1925-1927 = 100. . Philadelphia 1923-1925 = 100StatesDelaware 1923-1925 — 100 Illinois 1925-1927=100.. Iowa 1923-100 Massachusetts 1925-1927 - 100 Maryland 1924 = 100 New Jersey 1923-1925 — 100 New York 1925-1927 = 100.. Ohio 1926 = 100 Pennsylvania 19^-1925 — 3 00 Wisconsin 1925-1927 = 100 Nonmanufacturing (Dept. of Labor): MiningAnthracite 1929=100-. Bituminous coal 3929 = 100 Metalliferous 1929 — 100 Petroleum, crude production _ _ . 1929 = 100- . Quarrying and nonmetallic 1929=100— Public utilitiesElectric railroads 1929 — 100 Power, light, and water 1929=100Telephone and telegraph 1929 = 100. . TradeRetail 1929=100Wholesale 1929=100 MiscellaneousCanning and preserving 1929 = 100— Hotels 1929=100 Miscellaneous data: Construction employment, Ohio. .1926 = 100.. Farm employees, hired, average per farm number-Federal civilian employees (Wash.) number.. Railroad emplovees, Class I thousands Trade union members employed — Number per cent of total— On full time per cent of total . 40 2 50. 4 52. 7 85.7 66. 1 68. 1 60. 2 66.7 66. 8 60. 4 70.1 51. 3 45.2 80.3 55. 4 78. 0 On. 5 95. 0 70. 5 72.4 64,8 80.2 78.1 85. 6 82. 1 03. 8 70. 3 56. 6 88. 5 55. 4 76. 3 66. 6 95. 3 74.0 75. 9 68. 5 81.2 80.0 84. 1 82. 3 03. 2 70. 9 54. 9 89.6 70 2 67. 5 63.8 66.9 88 8 83. 5 76. 8 SO. 4 80. 4 73. G 79. 9 74,8 58. 8 91.2 56 9 62. 7 63 5 62. 2 66. 4 64.7 66.2 86. 9 lll.'o 74 7 76.2 75 7 77. 2 83.0 79.1 77. 9 51.1 67. 8 63. 1 9X 0 70. 5 72.0 80. 4 62. 4 70. 7 53. 6 90.6 52. 0 70.3 64. 2 93. 0 73.8 74.5 71.8 79. 6 80. 0 78.8 81. 4 60.2 67.6 51.8 90. 9 S3. 8 73.2 69. 6 79.7 80. 3 61.8 68. 3 77. 5 S3. 3 50. 0 69. 2 80.4 85. 6 7'.> 3 77. 2 78. 1 71.4 73.8 73.6 73.4 81.3 74.5 76.7 84.4 70.5 108.7 69.9 72. 5 72.6 71.9 78.2 72.5 79.6 83.2 70.1 109.1 71.4 72.3 73.0 71.6 70. 9 72.9 75. 6 k:'l Q SO. 3 llo!lf 72 \ 75. 9 75.3 75.6 54. 4 73. 4 65. 4 93. 6 70. 8 72. 4 78. 6 78. 7 78^3 no! i so!<j 80. 1 83.2 79.1 58. 3 64.2 51. 0 88. 0 47.4 64. 6 61. 4 89. 7 50. 2 90. 9 48.4 65.6 61.7 91.0 70.3 71. 0 68. 1 70. 0 74. 9 78. 7 75.8 51.7 50. 5 48. 8 89. 7 51 ! 0 72.7 80.4 76.0 41.7 71.0 78.8 77. 1 81.2 68. 3 106. 3 70!9 72. 0 73.2 73.6 75.5 72, 6 75. 0 74. 5 65. 7 105. 0 65. 2 70. 6 72.4 71. 3 74.3 71. 8 70. 7 49. 4 67.3 62. 5 91.1 69. 8 69. 9 69. 4 80. 0 78.4 84. 0 £2 02. 0 45.4 64. 5 63.1 89. 2 73.3 72.9 66.8 73!l 69.2 70.4 58. 0 68. 8 47.0 87.9 43.9 61.8 57.4 88.3 69.7 73,2 65.2 71. 1 72.9 66.6 74.3 55. 6 67.1 44.4 81.9 43. 3 61. 2 50. 0 87. 2 68. 1 70. 0 62.5 : 72. 4 74. 4 67. 4 72. 8 55.1 64. 7 45. 4 79. 8 41. 2 59. 2 54. 3 86. 2 67. 0 68. 5 62.4 71. 0 71. 9 68. 9 70. 8 53.4 60. 9 45. 5 78. 1 77.0 64.0 66. 1 77.6 75.8 69.0 63. 1 74. 1 75.1 68. 6 64. 1 72- 9 72.0 65. 4 64. 6 71. 4 74.9 62.3 102. 2 62.2 67.2 71.0 68.8 71.0 71. 1 68.2 76. 0 63.6 102.9 61.1 66.0 68.1 79.3 61.6 96.8 60.7 64.1 66.1 65.0 69. 5 69. 4 65.1 78. 5 62.0 96. 4 63.6 63.9 67.1 65.0 70.1 68.9 67.6 75. 9 61.3 92. 6 62.4 63.5 65.4 64.6 68.5 67.5 68. 1 71. 2 77.4 46.9 54.4 47.4 I ! ; ; 73. 7 75.2 45.0 51.4 46.0 712 70.3 73.6 73. 7 73.4 74. 8 53. 4 50. 1 47. 6 90. S 67.' 7 78. 2 7o!s 71.0 66.9 70.1 65.5 43.3 54.9 48. 6 85.2 85.9 63. 9 69. 8 76. 1 80. 3 82.4 62. 4 67.8 75.0 76.1 78.4 60.0 65.0 72.3 G5. 1 76. 4 56. 2 65. 3 71.0 67.3 77.0 55.8 62. 4 68.9 80.0 80.4 55. 5 61.2 66. C 86.8 81.3 53. 8 60. 4 84.5 83.5 81.1 52. 8 57. 6 59. 3 79.8 81.2 5S!2 53. 9 76. 2 80.8 49.3 54. 9 48.9 78.0 84. 8 81.2 86. 8 97. 1 88.1 85.9 97.6 87.4 85.3 97.2 86.9 85.6 96.7 86.6 84.8 95.9 85.9 84. 0 94. 7 85.0 82.7 92.7 84. 1 81.5 91.3 83.5 79.9 90.3 83.1 79.5 89.3 83.0 78. 9 I 87.2 : 82. 0 i 77. 6 85.5 81. 7 81.6 78.9 90.1 87. 4 89.9 87.1 89.1 87.1 83.9 86.8 81.8 86. 5 86.8 86. 1 89. 8 85. 2 90. 9 84.1 106.2 83.7 84.3 81.8 80.5 : 81.4 80.9 ! 79.8 47.0 82.7 59.6 95.9 56.0 92.5 70.6 91.6 102. 2 93. 3 142.9 92.8 180. 1 90. 6 108.1 88.5 60.8 85.9 40.7 84.1 35.0 84.2 37. 1 85. 3 36. 3 85. 0 31.4 60.0 61.3 63.3 62. 8 60.0 58.3 54. 2 45.4 37.5 31.9 28. 4 .83 .96 72, 297 1,331 1.02 72, 417 1,337 1.11 71, 693 1,317 1.25 71, 658 1,330 1.23 70, 885 1, 288 1.17 70. 580 1, 254 1.19 70, 056 1, 225 1.04 69, 894 1,169 .81 69. 435 1,134 .74 69, 710 1,109 69 48 11 75 56 74 55 74 55 74 56 74 56 54 70 51 69 49 85 94 94 85 91 97 96 92 86 90 96 96 91 85 89 95 95 90 85 89 92 96 92 84 89 93 95 93 83 88 94 96 90 83 88 93 96 83 82 87 94 96 79 80 87 93 95 82 78 72 78 88 81 87 78 79 71 80 86 95 91 93 86 92 89 88 79 85 95 91 93 87 92 91 88 77 84 94 90 92 87 91 85 86 76 84 93 90 92 87 89 80 85 70 84 93 90 92 88 90 82 85 74 82 92 88 91 85 89 78 85 74 83 92 88 91 84 88 76 85 73 80 91 86 90 85 88 81 83 73 80 91 85 91 87 88 84 84 39 769, 720 22, 604 49 402, 437 .15, 735 51 506, 097 41 59 31 491, 024 1,038,063 339, 730 12, 910 28, 696 37, 164 25 342,281 1, 250 3.06 2.79 2.41 3.02 2.60 3.58 2.75 3.63 3. 29 4. 15 .31 1. 96 .28 2.43 .23 3.84 .25 3.32 22 2! 40 .24 4.22 .21 5.01 .17 3.03 .16 2.61 .19 2.45 1. 14 1.12 1. 02 1.10 1.05 1.16 1.00 .72 .66 .71 177 199 381 237 80 310 181 206 187 345 66 88 205 246 221 277 84 83 209 247 235 265 94 94 217 273 212 411 94 82 196 250 191 287 91 91 221 269 231 264 118 98 214 258 232 257 114 84 191 217 273 189 80 121 207 258 336 182 81 122 LABOR CONDITIONS Factory operations, proportion of full-time worked, total per cent— Chemicals and products per cent.. Food products per cent.. Leather and products per cent Lumber and products per cent-Metal products — Iron and steel per cent Other per cent Paper and printing per cent.. Stone clay and glass per cent Textile products _ _..per cent.. Tobacco products per cent Transportation equipment per cent.. Automobiles per cent Aliscellaneous per cent Labor disputes: Disputes number Man-days lost . number-Workers involved number _ _ Labor turnover: Accessions per cent of no on pa v roll SeparationsDischarged per cent of no on pay roll Laid-off per cent of no on pay roll Voluntary quits per cent of no on pay roll Unemployment : Applicants at employment agencies _ _ _ no. per 100 jobs.. Central States ...no. per 100 jobs.. Eastern States no. per 100 jobsSouthern States no. per 100 jobsWestern States no per 100 jobs Placements thousands.. » Revised. 1 j ! i i I 76 17,071 « 43 666, 309 1,213,320 58, S95 17, 003 26. 7 .71 .77 69, 260 69, 069 1 093 69 49 70 49 92 94 86 79 87 92 94 i 89 i 83 86 93 94 89 77 71 82 89 80 91 81 86 81 75 82 89 81 92 81 85 81 73 80 89 80 91 80 81 74 2 37 117, 298 * 4, 648 s 524, 897 2 . 2 2 1 i i I ; ! 1 3 35 : 38 ; 792,362 13, 737 40, 369 188 214 259 193 103 127 i i i 1 | ! 197 218 266 228 90 139 SURVEY OF CURRENT BUSINESS June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 April 29 | 1931 April 1 May J June i Julv i • 1 c i August "^m-| October |N°b7rmi i 1932 I^P" | January February b i March EMPLOYMENT CONDITIONS AND WAGES—Continued PAYROLLS Factory, unadjusted (F. R. B.) .1923-1925=100.. Cement, clay, and glass 1923-1925 = 100 Cement " 1923-1925=100 Clay products 1923-1925=100.. Glass 1923-1925 = 100 Chemicals and products 1923-1925 = 100.. Chemicals and drugs 1923-1925=100.. Petroleum refining.-1923-1925=100 Food products 1923-1925=100 Iron and steel _ - . 1923-1925=100 Leather and products 1923-1925=1 00. _ Boots and shoes1923-1925=100.. Leather 1923-1925=100. Limber and products 1923-1925=100... Machinery 1923-1925-100 Metals, nonferrous 1923-1925=100 Paper and printing 1923-1925—100 Rubber products 1923-1025=100 Auto tires and tubes 1923-1925=100.. Boots and shoes 1923-1925=100 Textiles and products 1923-1925=100 Fabrics 1923-1925-100 Wearing apparel 1923-1925=100 Tobacco manufactures 1923-1925=100 . Transportation equipment ... 1 923-1925 = 100_ . Automobiles -.1923-1925=100 Car building and repairing. 1923-1925= 100. _ Shipbuilding 1923-1925-100 Factory, by States: Delaware . . 1923-1925= 100.. Illinois 1925-1927=100.. New Jersey 1923-1925=100. New York 1925-1927=100.. Pennsylvania . 1923-1925=100 "VV isconsin 1925-1 927 = 1 00 Nonmanufacturing (Department of Labor) : Mining — Anthracite .. .1929=100.Bituminous coal 1929=100 Metalliferous 1929= ICO 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 — Canning and preserving 1929=100 Hotels 1929=100- 48.7 31.7 29.9 23.6 49.2 68.5 67.2 71.2 72.8 32.1 55. 7 55.7 55.7 23. 2 39.1 38.3 79. 7 48.3 50.1 41.0 49.4 46.9 54.6 49.3 43.9 47.1 37.4 81.8 73.6 55.7 61.8 48.2 67.0 92.0 86.3 96. 7 88.2 G9. 1 70.6 69.6 74.4 44.9 69.7 65. 4 100. 6 66.8 71.8 46.8 76.8 72.4 85. 6 65.7 65.3 70.8 57.8 96.6 72.2 56. 7 65. 5 48. 4 67.9 88.4 85. 0 96.4 89.7 64. 9 68.7 67. 0 75.0 45. 7 67.8 63.4 100.0 71.0 76.6 48.8 71.7 73.3 69.4 68.3 66.1 75. 6 55.3 98.3 67.6 54.4 64.8 44.4 68.3 84.1 83.2 91. 1 89.7 57.6 66.7 64.7 74.2 44.6 62. 4 59! 1 96. 6 72.4 77.7 51.4 66. 7 69.4 61.1 68.6 58.8 62.1 53.0 91.4 64.4 49.4 60.4 40.7 60.2 82.9 82. 6 89.6 88.2 52.4 72.6 71.8 75. 4 41.7 57. 4 54. 5 93.6 64.0 66. 4 54. 6 65. 9 67.0 63.4 67. 5 52. 7 53.2 49.0 85. 6 64.3 48.1 56. 7 39.1 60.9 80.4 80.7 85. 6 86.7 50. 6 75. 5 75.1 76.9 41.3 54.9 52. 9 93. 1 62. 2 64.0 55. 3 70.2 68. 3 74.2 Co. 3 50.9 50. 4 48.1 82.8 61.8 46. 1 51.7 37.3 60. 3 80. 8 ,82. 6 83.0 87.4 45.2 67.7 66. 6 71.8 40.3 51. 2 50. 2 90.4 54. 6 53. 0 61.0 71.0 65.1 82.9 62.7 45.6 41. 5 45.5 78.8 59.4 43.9 48.5 35.9 57.0 80.8 84.4 80.8 85.9 43.9 56. 4 53.7 66. 6 38.2 50.2 49. 9 91.4 53.7 51. 9 60.9 66. 0 62.9 72.2 64.6 45. 3 41.4 44.7 83.5 56.2 40.9 43.7 34.2 52.8 76.4 78.8 77. 9 83.2 41.2 47.0 43.1 61. 1 34.4 48.3 48.8 90.6 50.1 48.0 58.7 59.3 60. 1 57.8 64.5 45.2 42.3 43.9 81.4 55.8 37.4 37.4 30.3 51.7 75.0 76. 2 77.8 82.7 41.0 50.3 47.9 58.8 31.2 48.9 48.6 91.0 52.0 50.3 52.8 37.5 54.6 50.1 41.5 44.6 79.7 61.1 76.1 72.9 69.9 68.2 81.1 59.3 76.3 70.4 65.8 67.2 78.0 56.6 72.0 66.7 61.5 64.2 68.7 54.6 70.8 65. 5 57.3 61.0 68.9 53.9 70.7 65.0 57.0 58.9 64.1 50.3 66. 6 66.5 54.3 55.6 61.0 47.7 68.9 62.3 54.5 c ,2 8 72.0 33.9 25.0 44, 5 30.0 75.2 58.6 51.4 66.3 62.6 76.1 54.4 49.3 64.7 62.3 66.7 52.4 46.1 62.7 60.1 53. 7 50.4 41.3 59.2 57.3 56.4 50.6 40. 2 56. 3 55.1 64.9 53.6 40.0 55.2 51.2 70.7 82.4 83.4 86.6 97.6 95.0 85.1 98.7 94. 1 84.8 98.3 95.0 83.3 97.4 93.3 81.9 96.2 92.3 72.7 68.9 88.3 85.2 88.0 84.7 87.6 84.1 83.3 83.3 37.9 69.6 57.1 89.9 56.0 87.7 58.6 85.4 23.82 24. 25 26. 49 20. 46 15.22 89.5 27. 04 20.75 15.37 91.1 86.0 91.8 88.3 87.8 93.1 89.2 101.3 88. 1 105. 1 94. 4 89.2 86.7 53.6 32.9 31.4 24.3 51.0 2 71.0 71.1 75.1 76.3 37.2 61.4 61.9 59.8 25 9 45! o 58!l 60.0 54. 4 58.9 47.1 48.0 42.6 84.8 52.4 31.1 31.4 24.1 44.9 71.4 71.4 75.9 78.6 36. 3 53.3 52.5 56. 3 26.6 44.5 44.9 85.5 53.0 54.3 48.3 55. 5 57.1 52.4 53.0 44.3 47.7 38.0 81.2 45.0 83.5 54.2 56. 7 44.2 59.8 60.3 58.8 53.4 45.6 52.0 37.0 79.2 52.3 32.2 30.5 23.9 50.0 270.1 70.7 72.9 74.4 35.4 62.3 63.4 58.7 24.5 42.6 42.1 82.4 51.3 52.6 46.4 59.3 55.8 66.4 52.2 45.2 51.3 37.2 75.1 54.7 43.2 65.8 59.4 51.1 50.0 56.4 45.1 62.7 57.8 52.3 48.8 57.8 43.6 60.5 54. 6 49.4 44.1 59.5 42.3 60.5 53.9 49. 1 48.1 57.2 40.5 58.0 53.8 46.3 48.5 91.1 56.2 37.4 54.4 48.7 79.5 54.6 35.1 52.0 43.3 78.4 52.3 34.3 54.9 36.9 61.5 47.0 29.7 46.5 30.2 57.3 47.0 27.8 46.9 29.6 61.2 46.8 26.5 43.2 28.7 81.2 94.3 92.1 79.0 93.2 91.6 79.7 93.3 89.7 77.8 91.2 92.7 74.3 88.4 89. 1 73.6 86.0 89.6 72.4 85.4 88.2 80.3 82.1 83.5 81.4 84.6 79.9 85.4 79.7 94.1 77.8 78.0 74.1 73.7 72.5 73.4 71.3 74.2 85.2 104.7 83.8 129.4 81.9 77.6 79.7 48. 1 77. 1 36.9 75.4 31.8 73.9 32.7 74.0 31.9 72.5 23.07 22.34 22.49 21.75 21.21 20. 29 20. 74 18.99 19.51 18.60 25. 71 19. 55 15. 17 86.7 24.89 18. 92 14.79 84.0 24. 76 18.86 14.78 84.5 23.95 18.19 14. 57 81.7 23.10 18.05 13. 85 79.7 22. 20 17.07 13.37 76.2 22.56 17. 00 13. 63 77.9 21.84 16.28 12. 79 71.4 22.37 16.67 13.32 73.3 21.19 15.75 12.75 69.9 83.4 87.7 88.0 80.8 84.9 85.8 80.4 84.6 85. 7 77.7 81.6 84.5 75.0 81.0 80.3 72. 1 76.6 77.6 73.2 76.3 79.1 70.9 73.1 74.2 72.6 74.8 77. 3 68.8 70.7 74.0 103.6 86.5 105.8 93. 1 85.6 84.9 100.5 84.3 102.2 91.0 82. 3 82.8 89.9 84.1 102.2 91. 1 78.3 75.7 91.2 83.5 101.4 90.9 78.4 76.4 87.0 79.4 95.1 90.3 75.3 72.2 90.0 78.1 99.4. 87.5 76.3 71.7 80.2 74. 4 97.0 86.3 72.9 70.8 81.7 76.2 96.3 85.4 74,4 71.2 80.2 76.4 95.8 84. 1 72.5 66.0 83.2 73.2 94.5 82.9 71.8 69. 1 82.9 70.8 92.7 83.3 69. 4 68.7 . 664 . 664 37.00 .659 .660 .662 34.22 .669 ~664~ .684 30. 53 .675 .678 .624 .35 .36 .20 .38 .43 .47 .51 .22 .36 .21 .37 .37 .21 .38 . 45 .45 .50 .21 .36 .22 .37 .36 .20 .36 .46 .44 .51 .21 .36 .20 .36 .35 .20 .36 .45 .45 .51 .22 .35 .20 .36 .35 .19 .37 .47 .44 .50 .20 .35 .22 .34 .36 .18 .36 .46 .43 .50 .20 .35 .24 .35 .37 .19 .37 .46 .42 .51 .21 .35 .24 .34 .38 .18 .37 .46 .43 .51 .21 .36 .23 .33 .40 .18 38 . 47 .43 .51 .21 .36 .23 .32 .40 .19 .37 .45 .41 .50 .18 .38 .24 .33 .40 .17 .40 .44 .43 .49 .21 .42 .25 .34 .40 ,16 .38 .45 .44 .47 .19 .37 .27 .50 115. 0 .50 110. 5 .50 110. 5 .50 107.5 .45 107. 5 .45 107.5 .45 107.5 .45 107.5 .45 107.5 .45 107.5 .45 107.5 WAGES— EARNINGS AND RATES Factory, weekly earnings (24 industries) : All wage earners dollars Male — Skilled and semiskilled dollars. . Unskilled dollars Female dollars All wage earners 1923 = 100 _ Male— Skilled and semiskilled 19'?3 — 100 Unskilled 1923 --100 Female 1923 — 100 Factory, weekly earnings, by States: Delaware * 1923-1925 — 100 Illinois 1925-1997 — 100 New Jersey 1923-1925 = 100 New York. 1925- 1 927 = 1 00Pennsylvania 1923-1 925= 100 Wisconsin ] 925- ^ 927 — 100 Miscellaneous data: Farm wages, without board (quarterly) dolls, per month Railroads, wages per hour dollars Road-building wages, common labor* — United States dolls, per hour.. East North Central dolls, per hour.. East South Central dolls, per hour.. Middle Atlantic. . . dolls, per hour Mountain States dolls, per hour.. New England . dolls, per hour Pacific States dolls, per hour South Atlantic dolls, per hour_. West North Central dolls, per hour.. West South Central dolls, per hour-Steel industry— U. S. Steel Corporation. ..dolls, per hour.. Youngstown district p. ct. base scale.. 2 Revised. 77.6 68.3 90.0 80.7 64.8 64.5 .33 .37 .19 .40 .44 .39 .48 .20 .33 .24 | .45 107.5 f .50 : 107.5 1 Beginning with March, 1932, method of computing rates was changed. 29.13 SURVEY OF CURRENT BUSINESS 30 ! 1932 S Earlier data, together with explanatory \ ? footnotes, may be found in the 1932 Annual Supplement to the Survey \ April \ April June, 1932 1931 June May | July 1932 S m August ! ^ ; " October ; ^er™" ^be™' '^l?1?1" 1 March January FINANCE f BANKING Acceptances and commercial paper outstanding: Bankers acceptances, total. _..mills, of dolls.. Held by Federal reserve banks— For own account mills of doPs For foreign correspondents mills, of dolls. Held by group of accepting banks, total . mills, of dolls. . Own bills mills, of dolls. . Purchased bills __ . mills, of dolls _ Held by others mills of dolls Commercial paper outstanding mills, of dolls.. Agricultural loans outstanding: Credit banks, intermediate. .mills, of dolls.. Land banks Federal mills, of dolls Land banks, joint stock mills, of dolls.. Barl!i debits total mills, of dolls New York City mills, of dolls.. Outside New York City mills, of dolls.. Brokers' loans: Reported by New York Stock Exchange ._ .mills, of dolls.. Ratio to market value per cent.. By reporting New York member banks mills, of dolls . Federal reserve banks: Acceptance holdings. (See Acceptances.) Assets total mills, of dolls Reserve bank credit outstanding mills, of dolls Bills bought mills, of dolls Bills discounted mills of dolls United States securities. .mills, of dolls.. Reserves total mills, of dolls Gold reserves mills, of dolls.. Liabilities, total mills, of dolls.. Deposits, total mills, of dolls. . Member bank reserves ._ .mills, of dolls. . Notes in circulation.. _ -.mills, of dolls Reserve ratio per cent Federal Reserve member banks: Deposits— Net demand mills, of dolls.. Time . . mills, of dolls Investments mills, of dolls.. Loans, total mills, of dolls.. On securities _ mills, of dolls All other loans mills, of dolls. . Interest rates and yield on securities: 879 1 422 1, 413 1,368 1, 228 1,090 996 1,040 1,002 974 961 919 16 162 124 95 39 70 420 647 418 305 119 76 36 292 409 380 341 243 228 100 99 126 251 314 312 335 455 188 268 115 410 125 285 441 464 171 293 444 554 196 357 379 668 232 436 606 168 ! 438 i 186 410 182 248 66 230 112 118 63 296 125 171 162 262 131 131 156 332 159 174 195 343 175 168 189 377 155 222 162 108 307 305 292 289 271 | 248 210 174 118 108 103 106 113 1,146 507 29, 924 15, 558 14, 366 138 1, 185 540 46, 441 26. 821 19, 620 131 1, 184 536 43, 930 25, 072 18, 858 137 1, 182 532 45, 299 25, 893 19, 406 137 1, 179 551 39, 451 21, 007 18, 444 133 1, 178 548 34,027 17,501 16,526 130 1. 174 545 36,700 20,073 16,627 124 1, 171 540 38, 803 20, 678 IS, 125 124 1,167 535 29, 069 14, 464 14, 605 120 1, 163 530 36, 345 19, 233 17, 112 118 1,158 525 33, 569 17, 676 15, 893 114 1, 154 520 27, 251 14, 381 12, 870 112 1, 150 513 29, 889 16, 160 13, 729 379 1.87 1,651 3.40 1,435 3.37 1,391 2.93 1.344 3.03 1,354 3.04 1,044 3.23 796 2.38 730 2.35 587 2.20 512 1.94 525 1.90 533 2. 18 495 1,730 1,539 1,479 1,390 1, 366 1, 172 869 720 591 505 495 525 5,560 4,902 4,932 5, 154 5,146 5,409 5,530 5,666 5,580 5,672 5,523 5,374 5,369 1, 850 48 556 1,228 3,213 3,004 5,560 2, 225 2, 124 2,566 67.1 937 163 157 598 3,334 3, 161 4, 902 2, 434 2,371 1, 535 84.0 917 125 174 598 3, 413 3, 250 4,932 2,442 2, 389 1,580 84.9 943 106 149 668 3,576 3,409 5, 154 2,504 2, 381 1,723 84.6 976 73 195 678 3,597 3. 431 5. 146 2, 527 2,367 1, 765 83.8 1,255 215 255 728 3,619 3, 456 5,409 2, 632 2,373 1,963 78. 8 1,578 469 328 742 3,301 3, 138 5,530 2, 506 2,364 2,098 71. 7 2, 184 681 728 727 2.903 2,746 5, 666 2,380 2, 167 2,429 60.4 1,931 452 718 717 3,080 2,918 5,580 2. 252 2, 051 2,480 65.1 1. 853 '339 638 817 3, 158 2,989 5,672 2,125 1,961 2,624 66.5 1,856 153 899 746 3, 169 2,976 5, 523 2, 093 1,947 2.665 66.6 1,709 109 828 740 3,140 2, 938 5,374 1,937 1, 849 2, 651 68.4 1,597 68 639 872 3, 235 3,020 5. 369 2,012 1,924 2,563 70.7 11,144 5, 685 7, 151 11,882 5, 099 6, 783 13, 664 7,410 7, 903 14, 993 7, 052 7,941 13.605 7, 347 7, 807 14, 730 6, 867 7, 8G3 13, 688 7, 172 7, 795 14, 691 6, 746 7, 945 13,473 7, 144 7,810 14,486 6, 544 7, 942 13,244 7.003 7,665 14, 398 6,519 7,879 12, 449 6, 358 7,700 13,521 5, 897 7, 624 12, 199 6,142 7, 506 13, 350 5, 807 7, 543 11.877 5, 898 7,428 13, 104 5, 777 7,327 11, 166 5, 751 7,149 12, 830 5, 574 7, 256 11,003 5,700 6. 935 12, 588 5, 440 7, 148 10, 941 5, 680 7, 143 12,211 5, 328 6, 883 i j i 1 ! I i ! | i i ! ! i | ; 13.227 I 6,775 ! 7,916 i 14, 191 i 6,346 j 7,815 y*\ y* IM 3 Bond yields. (See Bonds.) 1. 45^ 1.50 2. 50 Call loans, renewal per cent.. 1.52 2.50 2.65 1.50 1.50 ! 1.50 2.70 2.50 2.10 2 Com'l. paper, prime (4-6 mos.) per cent.. 3^-3% 2 | 2 *1. 50 Discount rate, N. Y. F. R. Bank. .per cent_. 3.00 1.50 "' 2. 0(f 3. 50 1.50 3*50 '3.504 1.50 ! 1.50 *3. 504 *3400 5. 63 5.63 Federal land bank loans per cent 5.63 5.63 5.63 5.63 5. 63 5.63 5.63 i 5.63 5.63 5. 63 4.00 Intermediate credit bank loans per cent.. 3.90 5.27 4.00 4.50 5.34 3.81 5.06 3.81 i 3., 81 4.06 5. 43 5.43 Real estate bonds, long term per cent.. 5. 50 o. 69 5. 71 5.68 5. 43 5.50 5.43 5.76 1 5.80 5.00 0 Stock yields. (See Stocks.) 2-3 Time loans, 90 days per cent 3-4 3/2 -4 IK !/>'? Savings deposits: 1 New York State mills, of dolls.. 5, 258 5, 083 5, 156 5, 059 5, 149 5, 213 5, 236 5, 217 5, 239 5,173 5,231 U. S. Postal Savings — Balance to credit of depositors thous. of dolls.. 713, 867 313, 775 325, 028 347, 417 372, 457 422,699 468,908 536, 660 564, 809 2 605, 112 658, 081 683, 627 Balance on deposit in banks thous. of dolls.. 634, 752 278, 304 289, 034 300, 120 329, 655 365,798 395,725 449, 933 479, 035 -510,763 570, 525 602, 317 FAILURES Bank suspensions: Total .- -. number 08 Deposit liabilities thous of dolls 35, 496 Commercial failures: Total number 2,816 Agents and brokers number 169 641 Manufacturers, total. number Chemicals, drugs, and paints... number.. 23 Foodstuffs and tobacco number.. 65 Leather and manufactures number... 21 Lumber number Metals and machinery.. number C9 Printing and engraving number _ _ 31 Stone, clay, and glass number 18 Textiles number 92 Miscellaneous... number __ 245 Traders, total number 2,006 24 Books arid paper. . number Chemicals, drugs, and paints number.. 123 Clothing number.. 448 Food and tobacco number.. 475 General stores number 110 Household furnishings number 426 Miscellaneous ..number.. 400 2 Revised, 64 41, 683 91 43, 210 167 190, 480 93 40, 745 2, 383 158 515 1, 993 109 449 55 10 22, 248 126 552 12 47 14 65 50 27 78 227 1, 710 18 98 351 451 109 297 386 7? 250 1 , 570 19 108 295 401 88 357 302 1, 983 141 520 13 40 16 39 49 17 13 75 258 44 12 74 20 21 1 67 1, 435 20 84 235 360 89 243 404 363 66 239 292 158 ' 305 180,028 ! 233,505 1,944 136 427 9 37 18 52 49 14 6 61 181 1,38] 12 109 220 441 78 235 286 j | j i ; : : ! ! 1 i i ! i ! I 1 1,936 113 449 13 50 14 49 32 23 6 64 198 1,374 ' 15 90 273 353 87 234 322 911 522 471, 380 175 67, 939 358 277, 051 342 219, 300 2, 362 143 614 11 64 18 54 55 32 9 81 290 1,005 18 112 284 447 105 260 379 2, 195 131 519 12 55 11 62 64 24 18 82 191 1, 545 19 114 289 411 124 260 328 2,758 154 591 14 52 20 65 49 29 11 116 235 2,013 16 142 421 591 159 343 241 3, 458 175 688 22 58 25 82 75 28 12 133 253 2, 595 37 120 701 556 195 530 * Rate changed May 8, Oct. 9, Oct. 16, 1931, and Feb. 26, 1932. 2 2 123 65, 339 2, 732 128 602 19 53 20 62 26 23 103 219 2, 002 10 12fl 505 489 144 398 294 2.50 "3. oo 5. 63 5. 44 5. 50 5, 290 699, 280 620, 139 2 45 14,316 2, 951 201 642 53 19 86 80 14 105 244 2,108 14 14S 437 o4o 158 487 210 31 SURVEY OF CURRENT BUSINESS June, 1932 1933 1931 Earlier data, together with explanatory \ footnotes, may be found in the 1932 \ Annual Supplement to the Survey April May June July Decem- January FebruOctober NovemAugust So,jtomber ary ber >er March FINANCE—Continued FAILURES— Continued Commercial— continued. Liabilities, total thous. of dolls.. Agents and brokers thous. of dolls. . Manufacturers, total thous. of dolls.. Chemicals, drugs, and paints thous. of dolls. . Foodstuffs and tobacco. -thous. of dolls. . Leather and manufactures... thous. of 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, drags, 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. . 101, 069 16, 194 43, 138 50, 868 5,763 18, 719 53, 53, 371 9,796 18, 18, 506 51, 656 3,813 21, 909 60, 998 12, 321 20, 586 53, 025 10, 210 16, 967 47, 256 7,741 14, 857 70, 660 14, 841 27, 334 60, 660 7, 318 26, 112 73, 213 12, 373 22, 454 96, 860 10, 676 31, 680 84, 900 10, 016 33, 879 93, 760 18, 349 31, 293 679 935 267 977 345 411 513 1,363 873 565 285 492 701 1, 266 596 1,100 1,242 810 1,022 1,076 836 1, 836 2, 587 805 312 1,480 1, 188 5,757 6,307 1,265 945 4,031 22, 030 47, 736 922 1,121 4, 087 3,584 835 150 1,612 6,087 26, 386 192 346 4,763 3. 560 560 '' 602 602 83 1, 660 660 6,737 25, 25, 069 125 1,068 3, 928 7,267 735 349 939 5,746 25, 934 204 524 3, 492 2,632 683 216 2,022 9, 580 28, 091 163 252 3, 039 1, 723 136 243 2,035 8,717 25, 848 110 133 1, 241 3,471 519 228 1, 252 6, 046 24, 658 575 216 3, 659 6, 183 750 2,305 4, 619 7, 905 29, 486 668 198 3, 567 9, 157 744 1, 049 2, 004 7, 341 27, 229 321 705 2, 480 1, 414 706 2, 698 3,543 8,810 38, 385 231 1,033 6,445 3,332 652 130 3, 903 13, 512 54, 505 556 3,172 4,347 5,398 1,208 1,575 4,357 10. 431 41, 005 104 2, 390 5,947 5,414 982 498 2, 943 11, 329 44, 118 139 1,623 7, 921 15, 542 1,629 10,019 10, 080 1, 348 4,374 5,491 1, 805 5, 520 7,657 915 3,778 7,162 1,303 5,730 6,055 756 3,242 5,654 807 5,474 9,738 1.104 4,497 8,201 1,151 6, 855 6, 118 1,106 5, 056 7, 260 1,212 6,008 5,096 1,464 4,722 4,884 1,314 5, 579 6,119 1,348 6, 131 8,272 1, 734 5, 489 5,845 1, 323 4,309 7, 674 1, 502 5, 828 6, 273 1, 901 5, 624 12, 881 2,616 7,721 7,410 2, 254 11, 262 12, 681 4,957 11,358 11,437 1,890 8, 687 10, 085 2, 287 9, 531 8,422 1,929 5, 327 12, 267 5, 582 11, 474 7,399 15, 662 6,332 1,544 4,788 15, 769 6, 6, 345 1,541 4,804 15, 871 6, 356 1, 537 4, 814 15, 978 6, 353 1,535 4,818 16, 070 6, 359 1,533 4,826 16, 135 6,363 1, 530 4,833 16, 227 6,379 1,527 4,852 16, 288 6, 387 1,523 4,864 16, 366 6, 382 1,512 4,870 16, 459 6,397 1, 512 4, 885 16, 537 6, 393 1, 506 4, 887 16,572 6, 3K3 1,498 4,885 5,894 1,134 1,605 2,660 495 2,300 5,927 1, 164 1, 1,611 2,653 499 2,331 5,990 1,189 1.644 2, 653 504 2,363 6, 035 1, 213 1, 662 2, 657 503 2,388 6,092 1,258 1,667 2, 663 504 2,409 6, 143 1,292 1,663 2,669 519 2,446 6,159 1, 283 1,665 2,687 524 2,508 6, 164 1, 284 1,667 2,688 525 2, 544 6, 167 1, 289 1, 667 2, 686 525 2, 594 6, 163 1, 290 1,664 2,683 526 2,655 6, 177 1, 303 1,672 2, G79 523 2,704 0, 177 1, 302 1,678 2, 675 522 2,742 1,225 1,168 1,256 1,276 59 35 45 22 845 865 926 994 288 301 285 260 980, 000 1,005,000 905, 000 1,025,000 980, 99, 000 72, 000 72, 81. 000 46, 000 235, 000 236, 236, 000 251, 000 253, 000 691, 000 672, 672, 000 673, 000 606. 000 258, 926 268, 268, 658 256, 586 260, 103 12, 682 25, 175 25, 13, 868 17, 979 8,037 8,398 8,114 8,117 59, 884 59, 53, 854 60, 654 55, 612 175, 562 173, 947 178, 398 183, 992 175, 1,254 26 995 233 839, 451 45, 944 246, 908 546, 599 234, 652 9, 304 7, 895 62, 874 154, 579 988 22 723 223 720, 218 37, 300 199,218 483, 700 222, 309 9.019 7,521 55, 319 150, 450 1,035 18 761 256 817, 858 40, 504 213.931 563, 423 241.561 10, 125 7, 484 58, 365 165, 587 1,100 1, OS9 1, 551 1, 229 21 49 44 19 804 816 1,156 951 252 248 259 350 846, 617 1,117,187 944, 848 833, 324 28, 595 101, 205 111,920 35, 123 230, 344 261,773 217, 552 220, 568 587, 678 754, 209 615,376 577, 633 235, 201 348, 384 248, 576 249. 578 10, 412 14, 434 9,812 23, 904 8,225 8,862 7,464 10, 166 60, 570 61, 157 59, 204 113,491 158, 721 200, 823 164, 710 169, 784 1,224 21 931 271 889, 664 45, 574 251, 059 593,031 261, 166 13. 003 9, 333 56, 810 182, 020 589 243 61 69 217 535 221 57 61 196 600 258 61 64 216 593 268 58 61 206 639 279 66 65 229 LIFE INSURANCE (Association of Life Insurance Presidents) Assets, admitted, total 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 nulls, of dolls Other _ . ... . mills, of dolls. . Policyloansandpremiumnotes.thous. of dolls.. Insurance written: Policies and certificates thousands... Group thousands Industrial _ thousands. . Ordinary thousands Value, total thous. of dolls Group ... . -. . ..thous. of dolls.. Industrial - . . . .thous. of dolls. Ordinarv thous. of dolls Premium collections thous. of dolls.. Annuities .__ thous. of dolls.. Group thous. of dolls 1 Industrial thous. of dolls. . Ordinary thous. of dolls.. 1,144 36 860 248 822, 990 64, 884 236, 898 521, 208 _ . __ (Life Insurance Sales Research Bureau) Insurance written ordinary, totaLmills. of dolls.. Eastern district mills, of dolls.. Far Western district mills of dolls Southern district mills, of dolls Western district mills, of dolls.. Lapse rates 1925-1926=100.. 557 245 59 199 754 327 71 83 273 724 313 69 82 261 735 321 70 84 259 111 635 267 63 74 231 194 630 279 64 67 220 800 342 80 89 289 127 635 289 63 68 214 MONETARY STATISTICS Foreign exchange rates: .582 .583 .583 .585 ' .588 .520 .707 .582 . 765 .703 .699 .646 .597 Argentina dolls, per gold peso .139 .139 .139 .139 .139 .140 .139 .139 .139 . 139 .139 Belgium dolls per belga .140 .140 .062 .062 .062 .062 .062 .056 .067 .072 .064 .059 .065 .073 Brazil _ _ dolls, per milreis .075 .895 . 851 .873 .827 .891 .890 .999 .899 .997 .997 .963 1.000 .997 Canada dolls, per Canadian doll .121 .121 .121 .121 .121 .121 .121 .121 .121 .121 .121 .107 .120 Chile .dolls, per peso.. 3.64 3.46 3.43 3.37 3.72 3.89 4.86 4.86 4.86 4.53 3.75 4.86 England dolls, per £ 4.86 .039 .039 .039 . 039 .039 .039 .039 .039 .039 .039 .039 .039 .039 France dolls, per franc .237 .238 .237 . 236 .232 . 237 .234 .238 .237 .237 .238 .237 .233 Germany dolls per reichsmark .273 .258 .260 .254 .287 .280 .361 .359 .339 .280 .361 .360 .360 India dolls, per rupee-.052 .052 .050 .051 .052 .052 .052 .052 .052 .052 .052 .052 .052 Italy dolls, per lira .322 .343 .360 .435 .493 .4.93 .494 .494 .494 . 493 .494 .494 Japan dolls, per yen-.328 .403 .402 .404 .402 .402 .404 .403 .402 .402 .403 .401 .403 .405 Netherlands dolls, per florin.. . 078 .076 .084 .084 ,090 .086 .100 .090 .097 .093 .088 .105 Spain dolls, per peseta-.077 .199 . 192 .193 .187 .207 .231 .268 .268 .261 .268 .268 .268 Sweden dolls, per krona .191 .471 .462 .449 .446 .349 .450 .614 .419 .543 .460 .677 .585 Uruguay. -.. dolls, per peso.. .473 Gold and money: 4,372 4, 384 4,452 4,450 4,447 4, 363 4,948 4, 767 4, 767 4,958 4, 975 4,711 4,865 Monetary stocks, U. S , mills of dolls... 4,381 Movement. foreignEarmarked by F. R. B., foreign account 348, 479 77, 231 356, 321 463, 931 435. 621 458, 534 433, 150 406, 781 thous. of dolls. . 344, 500 127, 795 123, 123, 795 31, 531 61. 231 58, 312 92, 264 -29, 700 -16,000 -279, 090-107.600 28, 310 -22, 913 25, 385 26, 368 4,000 3,969 -7, 500 Net change in earmark acct. thous. of dolls.. 43, 909 4. 994 32, 651 107, 863 128, 211 1,009 39 28, 708 398, 604 40 27 628 49, 509 Exports thous. of dolls 19, 238 50, 258 50, 63, 887 20, 512 57, 539 49, 269 60, 919 94, 430 89, 509 32, 905 37, 644 49, 543 Imports * ..thous. of dolls.. 19, 033 49, 630 49, 63, 847 19, 503 57, 500 20, 561 -337. 685 89, 436 56, 858 -74, 958 -90, 567 -24, 671 49, 516 Net gold imports thous. of dolls ._ -32, 975 910, 279 897, 000 916, 843 916, 425 916, 000 945, 113 900, 510 923, 353 936, 784 914, 012 960, 035 Production, Rand. fine ounces.. 949, 796 2 882,337 910, 91, 273 89, 185 91, 704 95, 133 114, 651 118, 123 115, 343 128, 928 123, 748 134, 775 123, 555 95, 93, 612 Receipts at mint, domestic fine ounces. „ 85, 906 5,531 5, 627 5,645 5,478 5,611 5,518 4,947 5,133 4,647 5,452 4,679 4,750 4,836 Money in circulation, total... mills, of dolls.. t Federal Reserve notes. (See Fed, Res. 1 Bks.) * Or exported (—). * Revised* SURVE Y OF CURRENT BUSINESS 32 Earlier data,, together with explanatory footnotes, may be f ound in the 1032 Annual Supplement to the Survey 1933 ' * April | April June , 1932 1933 1931 May ; Juno July I August O *- ' 111 1 -j^ " October ^^-D^^^-y:^ru.| March FINANCE — Continued MONETARY STATISTICS— Continued Silver: , 1, 595 Exports thous. of dolls. _ Imports thous. of dolls. . 1,612 Price at New York dolls, perfineo z _ _ .233 Production, estimated, world (85 per cent of total) thous. of fine oz _ 1, 33S Canada thous. of fine oz_. Mexico thous. offineo z _ _ United States thous. of fine 02.. ~~~2~219~ Stocks, end of month — 6, 768 United States thous. of fine o z _ _ Canada -- thous. of line oz... 1, 631 3, 249 2 439 .283 2,099 2,636 .277 1,895 2, 364 .273 2, 305 1,663 .283 15, 933 1, 139 9, 535 2, 831 14, 469 1,836 7, 374 2,762 12,418 731 7.041 2,433 12,855 2, 133 6, 390 2, 176 713 1, 509 1,485 1,423 1,611 958 2, 077 754 2, 024 2, 6S5 . 275 2, 183 2, 355 .282 2, 158 2, 573 . 295 12, 643 1,610 6,814 2, 419 12, 490 1,403 7,510 2, 101 12, 992 1,987 7, 312 2,181 2, 240 1,363 4, 082 989 4, 066 1,110 2,168 3,215 .301 1,611 2,097 .298 942 2, 009 .301 11,739 : 10,821 1,659 1 1,113 6,295 | 5,590 2, 132 | 2, 350 11, 571 1, 484 6, 231 2, 114 11,086 1, 539 6, 293 1,677 6,517 1,324 6, 408 1,538 872 ! 2,138 i .322 j 5,035 ; 1,471 i 6,209 1,273 967 1,809 .298 2 1, 128 * 1, 785 27,479 1, 677 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 andrailroad equipment mills, of dolls . Miscellaneous mills, of dolls.. Public utilities - mills, of dolis_. Railroads Class I mills, of dolls Telephones mills, of dolls.. 441 390 267 159 65 35 3 97 14 29 d1 d 30 22 d2 d d 11 9 53 78 132 72 -l d1 48 d 13 d 13 33 167 67 125 64 79 : PUBLIC FINANCE (FEDERAL) Debt, gross, end of month mills, of dolls.. 18, 597 Expenditures, chargeable to ordinary £43, 759 receipts thous. of dolls Receipts ordinary, total. ... .thous. of dolls _ 98. 822 Customs thous. of dolls.. 31,383 Internal revenue, total thous. of dolls.. 55, 201 Income tax thous. of dolls 20, 4G9 16, 655 16, 527 16, 801 16, 802 17,321 17, 292 432, 366 148, 208 31,797 75. 469 31, 220 285, 892 124, 405 27. 463 76, 865 28, 766 375, 153 512,894 28, 986 345, 803 294, 20! 330, 661 131,706 34, 480 74, 169 24, 376 323, 838 356, 630 122, 141 368, 792 35, 500 33. 240 63, 3U4 312,581 25, 2 ! I 263, 877 416,472 134,649 35, 175 72. 356 25, 773 142, 319 142,319 0 48, 194 0 0 490 490 0 0 46, 206 0 1, 498 25, 000 69, 126 591,411 571,618 19, 793 456, 678 101,872 500 7,577 7, 235 250 4, 400 305, 661 6,000 35, 068 11,000 105, 940 427, 713 417, 569 10, 144 250. 590 6, 850 0 10,415 9, 485 265 8, 650 210, 025 22, 500 800 100 174, 879 402, 307 368, 507 33, 800 252, 918 11, 350 0 3,813 3,425 0 2,700 220, 416 16,113 1,226 20, 000 120,889 267, 137 267, 137 0 155, 934 15, 439 844 1, 651 800 0 350 136, 800 0 1, 200 15, 000 96, 203 126, 836 126, 836 0 51, 997 9, 597 0 2, 650 2, 100 0 1, 985 27, 456 12, 295 0 0 74, 839 313, 330 263. 330 50, 000 176, 264 4, 550 0 67, 009 66, 785 0 66, 445 42, 080 60, 000 2, 625 20, 000 117, 066 45, 932 45, 932 0 17, 891 2,160 941 9, 625 9, 125 0 9, 125 2, 000 0 3, 1«5 12, 000 16, 041 130,787 139.391 130, 787 139, 391 0 0 70, 202 ; 86, 331 583 • 19, 100 0 0 5, 734 5, 785 2,619 3,185 500 0 1,979 2,575 51,235 1 53,398 12, 550 0 0 8, 048 6, 000 12, 000 54, 585 41, 060 70, 26S 70, 268 15, 070 25, 000 30, 199 0 72, 051 33, 124 387, 294 369, 501 267, 471 0 102, 030 17, 793 204,116 189, 207 344, 164 334. 020 161, 360 100 172, 560 10, 144 83, 549 81, 230 251, 163 224, 863 106, 043 0 113,820 26, 300 151, 145 121, 575 222, 564 222, 504 115,070 15,000 92. 495 0 44, 573 40, 864 120, 329 120, 329 46, 197 0 74, 132 0 6, 507 5, 800 270, 540 220. 540 106, 381 0 114, 158 50, 000 42. 791 19, 883 44, 988 44, 988 17, 391 12, 000 15, 597 0 945 500 142, 319 48, 194 0 489, 703 354, 969 101, 703 367, 138 190, 065 60, 525 396, 4.23 247, 034 5,884 235, 017 153, 814 2,120 114,674 39, 835 12, 162 300, 465 163, 399 12, 865 65, 205 117, 389 111, 386 196, 598 169, 094 24, 772 120, 336 30, 892 85, 327 45, 602 75,618 91, 522 74.49 79.31 65.99 94.84 95. 70 93.39 93.67 94.88 91.66 94.77 95.86 92. 89 93. 14 95. 49 89.13 49.42 43.42 66.11 80.86 68.15 80.06 80.48 66. 70 80.91 79.07 64.36 82.76 16, 864 17,310 17,825 17,816 18, 126 18, 507 292.652 ! 862,348 232 927 106, 304 342, 271 10?! 748 27,445 ; 26,549 27, 180 62, 539 59,098 j 295.499 22, 134 19,546 256,522 370, 986 97, 140 23, 191 59, 054 23,317 335, 486 275, 932 23, 231 231, 830 192, 703 193, 939 193, 939 0 48, 164 2,319 0 1, 225 1,075 0 690 44, 620 0 0 12, 500 133, 275 94, 497 94, 497 0 44, 551 100 0 2,900 0 0 0 34,901 4, 950 1,700 15.000 34, 947 190, 020 190, 020 0 57, 344 341 0 1,911 905 0 755 51, 097 3, 425 571 25, 000 107,675 110,215 118,751 110,215 118,751 50, 123 i 66,984 6, 000 I 12, 000 54, 092 ! 39, 767 0 0 20.571 ! 20.641 20,079 19,347 179, 919 179,919 46, 664 0 133, 255 0 14, 020 1,500 73, 389 73, 389 38, 863 0 34, 526 0 21, 109 5, 688 160, 612 160,612 48, 247 5, 000 107, 365 0 29, 408 9, 097 42, 326 14, 285 3,606 106,932 ;• 100,523 46,347 47,463 23,855 ! 38,868 189, 520 43, 745 4,419 90, 685 40, 738 3, 813 187, 282 54. 607 2, 738 119, 142 104, 129 18, 293 50, 122 54, 322 :i 49, 244 74,625 33,142 135, 154 111, 018 91.09 93.75 86.54 81.70 88.34 70. 04 79.28 86. 13 67.28 75. 19 84. 13 59.55 72. 29 80. 19 58.35 73.45 80.34 61.31 75. 31 82.02 63.51 76. 12 80.57 63.30 80,99 67. 75 83.68 77.05 65. 82 82.81 72.24 61. 60 78.40 65. 08 55. 48 71.93 64. 08 i 56.31 I 72. 15 i 53. 23 47.37 65. 84 57.47 50.04 66.09 57.23 48.84 66. 23 58,25 49. 51 69. 61 CAPITAL ISSUES Total, all issues (Commercial and Financial Chronicle} thous. of dolls.. Domestic total thous. of dolls Foreign total - .thous. of dolls Corporate tot?l thous. of dolls Industrial thous. of dolls Investment trusts thous. of dolls Land buildings, etc thous. of dolls Long-term issues thous. of dolls.. Apartments and hotels. thous. of dolls. _ Office and commercial. thous. of dolls.. Public utilities thous. of dolls Railroads thous. of dolls Miscellaneous thous. of dolls . Farm loan bank issues thous. of dolls.. Municipal, States, etc thous. of dolls Purpose of issue— New capital, total thous. of dolls.. Domestic, total thous. of dolls.. Corporate thous. of dolls.. Farm loan bank issues. thous. of dolls.. Municipal, State, etc.. thous. of dolls.. Foreign . thous. of dolls _ Refunding, total thous. of dolls Corporate thous. of dolls.. Type of security, all issues: Bonds and notes, total thous. of dolls.. Corporate thous of dolls Stocks thous. of dolls State and municipals (Bond Buyer}: Permanent (long term) thous. of dolls Temporary (short term) thous. of dolls. . 2 2 35, 310 3 88, 647 100,757 2 174, 948 SECURITY MARKETS Bonds Prices: All listed bonds, avg. price (N. Y. S. E.} dollars.. Domestic issues dollars Foreign issues dollars Domestic (Dow-Jones) (40) „__ p. ct. of par 4% bond,. Industrials (10) p. ct, of par 4% bcnd.. Public utilities (10). p. ct. of par 4% bond.. Rails, high grade (10) _.p. ct. of par 4% bond-Rails, second grade (10) p. ct. of nar 4% bond__ Domestic (Standard Statistics) (60)., dollars.. Domestic U. S. Liberty (N. Y. Trust) (5) p. ct. of par .. Foreign (Ar. Y. Trust} (40)..,. .p. ct. of par.. 73. 23 96.11 97. 68 97.73 97,70 95.14 92.70 84.35 83.73 75.29 76.95 75.30 79.28 34.33 79.4 84.03 99.6 82.54 99.7 78.51 99.4 80.34 99.4 70.76 98.5 64. 11 95. G 66.49 89,4 53. 02 89. 0 1 39. 11 81. 6 46.54 81.0 47.52 80.4 46. 54 82.8 102. 24 48.37 105. 77 85.30 108. 84 106. 30 81.01 ' 83.84 108. 09 72.32 106. 04 71.02 103. 78 53.98 100. 37 56.10 100.86 i 50.20 i 93.23 45.61 96.01 49. 63 99.16 51.45 99.63 60.13 * Revis<id. d.»•deficit. SURVEY OF CURRENT BUSINESS June, 1932 | •< OQO Earlier data, together with explanatory \ footnotes, may be found in the 1932 } Annual Supplement to the Survey April 33 1932 1931 April May June July F *r |M»* August So£tem- October Novem- Decem- January ber ber FINANCE—Continued SECURITY MARKETS— Continued Bonds— C ontinued Sales on New York Stock Exchange: Total thous of dolls, par value Liberty-Treas___thous. of dolls, par value.. Value, issues listed on N. Y. S. E.: Par, all issues . -mills, of dolls Domestic issues mills, of dolls Foreign issues mills, of dolls Market value, all issues mills, of dolls.. Domestic issues mills, of dolls.. Foreign issues mills, of dolls Yields: Domestic (Standard Statistics) (60) .per cent_. Industrials (15) per cent__ Municipals (15) per cent-Public utilities (15) . per cent. _ Railroads (15) per cent Domestic, municipals (Bond Buyer) (20) per cent. . Domestic, U. S. Government — Treasury bonds (3 long term) per centTreasury notes and certificates (3-6 months) _ . per cent-- 252, 354 68, 916 227, 788 12, 127 235, 687 14, 431 267, 752 15, 167 227, 899 8,284 199, 710 8,675 305, 816 38, 493 346, 979 56, 157 236, 617 37, 389 337, 826 61, 046 286, 527 67, 676 217, 385 54, 794 252, 712 51, 281 52, 218 33, 329 18, 890 38, 897 26, 431 12, 465 50, 912 31, 802 19, 110 48, 282 30, 436 17, 847 50, 849 31, 742 19, 106 47, 630 30, 117 17, 513 51, 846 32, 744 19, 102 49, 133 31, 389 17, 744 51, 939 32, 746 19, 192 48, 376 31, 269 17, 107 51, 950 32, 762 19, 188 47, 319 30, 714 16, 605 52, 671 33, 551 19, 121 43, 031 29, 640 13, 392 52, 599 33, 500 19, 100 41, 703 28, 852 12, 850 52, 547 33, 451 19, 097 39, 512 28, 141 11, 371 52, 360 33, 409 18, 951 37, 848 26, 791 11, 058 52, 242 33, 329 18, 913 38, 372 26, 777 11, 595 52, 245 33, 306 18, 939 39, 347 27, 319 12, 028 52, 277 33, 343 18, 934 39, 794 26, 863 12,931 6.00 7.33 5.02 5.50 6.16 4.43 5.10 3.80 4.46 4.33 4.43 5.24 3.75 4.44 4.27 4.45 5.25 3.76 4.46 4.32 4.44 5.13 3.88 4.42 4.32 4.50 5.26 3.88 4.40 4.47 4.70 5.64 4.00 4.50 4.66 5.16 6.21 4.51 4.77 5.14 5.19 6.08 4.62 4.89 5.17 5.81 7.24 4.86 5.29 5.86 5.86 7.11 5.28 5.36 5.70 5.91 2 6. 98 5.40 5.49 5.78 5.70 26.79 5.09 5.30 5.60 4.77 3.85 3.74 3.84 3.86 3.85 4.06 4.34 4.45 4.87 4.94 4.96 4.73 3.38 3.31 3.30 3.32 3.34 3.42 3.71 3.69 3.92 4.27 4.11 3.92 1.49 .88 .41 .42 .45 1.70 1.77 2.41 2.48 2.42 2.25 762, 077 345, 700 945, 976 386, 900 489, 858 244, 700 532, 840 232, 500 747, 157 288, 400 557, 742 251, 000 670, 951 231, 100 997, 938 403, 100 443, 200 195, 900 494, 269 214, 700 212, 500 236, 900 2 31, 500 34, 000 27,000 6,800 268, 124 416, 377 451, 702 399, 518 407, 694 330, 688 44, 008 68, 830 367, 000 41, 500 11, 400 559, 076 212, 819 199, 836 12, 984 169, 700 33, 500 6,000 245, 158 380, 793 348, 437 32, 355 174, 000 26, 500 6,000 300, 340 286, 265 266, 372 19, 894 225, 000 36, 000 8,500 458, 757 232, 255 206, 070 26, 185 183, 000 32, 450 10, 550 306, 742 371, 135 343, 006 28, 128 179, 500 300, 000 28, 800 42, 500 10, 800 11, 600 439, 851 594, 838 284, 499 202, 300 249, 075 181, 637 35, 424 20, 663 143, 000 29, 000 7,900 247, 300 366, 996 337, 52,7 29, 469 158, 800 30, 500 4,900 279, 569 250, 405 239, 461 10, 944 2, 077. 4 2, 010. 6 920. 69 920. 56 1, 935. 0 1, 888. 5 922. 59 922. 59 1, 807. 1 923. 36 1, 744. 2 922. 50 1, 621. 4 922. 57 1, 545. 0 922. 76 3.74 1.11 . 55 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. dolls.. Industrial and miscellaneous thous. dolls.. & Railroad . _thous. dolls.. Dividend payments and rates (Moody' s) : Dividend payments, annual payments at current rate (600 companies).. .mill, dolls.. Number of shares adjusted millions Dividend rate per share, weighted average (600) dollarsBanks (21) dollars Industrials (492)" dollarsInsurance (21) .dollars _ Public utilities (30) dollars.. Railroads (36) dollars 654, 200 226, 700 745, 673 2556, 124 310, 800 2228, 000 164, 500 28, 200 7,500 427, 500 161, 770 154, 515 7,255 233, 000 36, 800 8,000 434, 873 262, 456 227, 805 34, 651 1, 476. 6 924. 54 2, 271. 7 2,201.4 911.22 911.59 2, 148. 6 911.88 2, 105. 4 912. 11 2.49 6.20 1.99 3.53 2.98 5.50 2.41 6.20 1.92 3.53 2.98 5.09 2.35 6.14 1.87 3.49 3.00 4.83 2.31 6.14 1.81 3.38 3.00 4.75 2.25 6.11 1.75 3.38 2.99 4.75 2.18 6.11 1.70 3.35 2.95 4.23 2.09 6.11 1.64 3.08 2.87 3.91 2.04 6.11 1.60 3.08 2.87 3.64 1.96 6.31 1.55 3.00 2.84 2.79 1.89 6.31 1.48 2.95 2.83 2.64 1.76 6.17 1.33 2.95 2.80 2.36 1.67 5.43 1.27 2.89 2.76 2.21 162.0 63.4 90.8 145. 36 215. 74 74.97 109.2 100.3 169. 8 87.3 142.9 57.5 81.0 129. 82 193. 75 65.89 98.0 89.4 156. 4 76.8 138.4 56.0 78.2 133. 33 .198.56 68.09 95.1 86.5 153.0 74.0 143.5 58.2 79.9 129. 36 193. 83 64.88 98.2 89.8 157.5 75.3 138.8 56.9 70.1 124. 32 190. 59 57.87 95.5 88.5 154. 0 66.2 118.8 47.9 58.6 101.62 156. 80 46.44 81.7 75.8 131.9 56.1 101.8 40.3 53.2 95.69 146. 65 44.72 69.7 64.8 111.9 48.4 104.0 40.0 48.6 90.40 142. 97 37.82 71.7 67.5 114.7 46.0 81.2 33.3 35.8 74.20 119. 96 28.44 57.7 54.3 95.6 33.0 79.4 32.2 37.9 73.80 116. 92 30.68 58.0 54.4 94.4 36.6 80.0 32.7 36.8 74.10 118. 92 29.28 56.5 52.9 92.8 34.2 81.5 29.3 34.5 70.78 115.42 26.14 56.8 53.8 93.4 32.1 127.0 112.0 54, 335 110.8 102.2 46, 661 109.2 98.8 58, 719 111.0 105.4 33, 540 104.2 102.5 24, 890 88.2 86.4 51, 140 78.8 72.2 47, 895 82.2 75.0 37, 369 60.6 54.9 50, 190 63.8 46.9 34, 342 64.1 48.1 31, 719 67.1 61.9 33, 061 48, 570 1,305 42, 534 1,306 47, 417 1,303 44, 423 1,303 44, 587 1,314 32, 327 1,317 34, 247 1,319 31, 105 1,319 26, 694 1,319 26, 378 1,319 27, 586 1,320 24, 502 1,314 5.43 5.69 4.04 7.12 5.95 6.23 4.42 7.91 5.96 6.26 4.47 7.76 5.66 5.89 4.33 7.54 5.74 5.94 4.36 8.15 6.51 6.63 5.11 9.59 7.28 7.49 5.74 10. 07 7.06 7.32 5.50 9.79 8.66 9.04 6.60 12.70 8.22 8.89 6.37 9.01 8.04 8.81 6.06 8.60 7.16 7.53 5.74 9.15 5.53 25.57 2 5. 63 5.59 25.56 *5.78 26.25 26.22 26.74 26.85 '6.89 26.78 1.60 5.43 1.22 2.77 2.69 1.68 Stocks Prices: Dow- Jones — Industrials (30) . -.dolls, per share 62.7 Public utilities (20) dolls, per share.. 25.3 Railroads (20) .dolls, per share . 23.6 New York Times (50) dolls, per share. _ 52.85 Industrials (25) dolls per share 87.88 Railroads (25) .. dolls, per share.. 17.81 Standard Statistics (421) . .1926=100 43.9 Industrials (351) 1926=100 41.7 Public utilities (37) 1926=100 73.3 Railroads (33) 1926=100.. 22.2 Standard StatisticsBanks N Y (20) 1926-100 54.3 Fire Insurance (20) - .1926=100 39.5 Sales, N. Y. S. E-thous. of shares.. 31, 403 Value, and shares listed, N. Y. S. E. — Market value all listed shares mill, dolls.. 20, 319 Number of shares listed ..millions.. 1,325 Yields: Common, Standard Statistics (90) .per cent.. 9.15 Industrials (50) . per cent.. 9.52 Public utilities (20) per cent 7.34 Railroads (20) ._ per cent.. 13.05 Preferred, Standard Statistics — Industrials, high grade (20) per cent.. 7.43 2 2 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 per cent of total-. 2 Revised. 602, 057 6,735 244, 025 3,291 156, 238 2,520 14.37 612 755 6,870 244, 675 3,284 169, 017 2,701 13.16 642, 427 6,947 248, 777 3,268 179, 572 2,803 13.29 667, 238 7,047 251, 591 3,267 187,409 2, 924 11.97 i 34 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 April June, 1932 1931 April May June 1932 i Novem- Decem- January FebruAugust September | Optnhpr October | ber j ber ary July March FOREIGN TRADE INDEXES Value: Exports, unadjusted . 1923-1925=100 Exports, adjusted for seasonal.1923-1 925=100.. Imports unadjusted 1923-1925—100 Imports, adjusted for seasonal- 1923-1925 = 100. . Quantity, exports: Total agricultural products.. 1910-1914 =100.. Total, excluding cotton 1910-1914=100.. j ! 36 38 39 36 57 60 58 53 54 57 56 55 49 55 54 57 48 54 54 59 48 45 53 56 54 44 52 51 51 44 46 46 48 46 47 48 40 39 42 42 41 45 41 41 | ' ! 1 41 41 41 37 80 81 68 81 66 89 58 86 63 97 86 92 139 127 137 114 143 106 111 81 117 85 i 111 79 VALUE Exports, incl. reexports thous. of dolls.. 135, 236 By grand divisions and countriesAfrica .thous. of dolls Asia and Oceania __ thous. of dolls __ Japan _ _ .thous. of dolls Europe thous. of dolls.. France thous. of dolls Germany thous. of dolls.. Italy thous. of dolls United Kingdom thous. of dolls North America, northern ..thous. of dolls.. Canada thous. of dolls North America, southern. .thous. of dolls Mexico. thous. of dolls South America -thous. of dolls Argentina thous. of dolls Brazil .thous. of dolls Chile thous. of dolls By economic classesExports, domestic thous. of dolls 132, 408 Crude materials _ thous. of dolls 34, 023 Raw cotton mills, of dolls . 20.7 Foodstuffs, total thous. of dolls.. 21, 001 Foodstuffs, crude thous. of dolls 9,790 Foodstuffs, manufactured thous of dolls 11,211 Fruits and preparations-mills, of dolls_. 4.0 Meats and fats mills of dolls 4.2 Wheat and flour mills, of dolls 7.6 Manufactures, semi-finished .thous. of dolls.. 18, 902 Manufactures, finished.. thous. of dolls.. 58, 483 Autos and parts mills, of dolls _ 7.8 Gasoline.. mills, of dolls 8.3 Machinery .mills, of dolls _ _ 12.2 Imports, total thous. of dolls.. 126,676 By grand divisions and countriesAfrica thous of dolls Asia and Oceania thous. of dolls Japan thous of dolls '• Europe thous. of dolls__! France thous. of dolls ' Germany thous. of dolls '• Italy thous. of dolls..! United Kingdom ... ..thous. of dolls i North America, northern. .thous. of dolls.,.! Canada thous. of dolls. J North America, southern. _ thous. of dolls Mexico. _ _ . _ thous. of dolls South America thous of dolls ' Argentina.. _. thous. of dolls Brazil thous. of dolls.. i Chile thous of dolls ; By economic classes — Crude materials thous. of dolls.. 36, 300 Foodstuffs, crude thous of dolls ! 19, 172 Foodstuffs, manufactured. thous. of dolls.. 18, 943 Manufactures, semifinishedthous. of dolls.. 18. 869 Manufactures, finished thous. of dolls.. 33, 392 215, 077 2203,970 4,925 36, 202 14, 230 49, 320 11, 329 12, 282 3, 884 33, 344 45, 445 44, 851 17, 529 5,805 16, 467 5, 803 2,371 2,539 2 187, 077 2 4,648 30, 277 8,798 88, 149 8, 688 10,819 3,622 30, 915 35, 824 35, 030 15, 423 4,340 12, 869 4,295 1,735 1,775 6,129 33, 420 ] 1,201 89, 576 10, 121 13, 153 3, 867 34, 238 42, 432 41, 664 17, 149 4,911 15, 286 5,583 2,555 1,930 180, 772 5,070 34, 66C 10, 885 79, 977 7,392 8,286 3,757 32, 564 33, 572 32, 677 14, 446 3,402 12, 945 4, 706 2, 316 1,557 2 164,J 6,1 28, < 18, 868 6.5 7.8 7.4 17, 531 5.7 7.1 8.8 18, 306 7.6 6.8 11.6 2 193, 540 2 184, 070 2 149, 978 3,598 5, 376 4,140 34, 548 37, 221 41, 227 12, 370 14, 249 13, 131 90, 361 111, 983 100, 826 8,681 7, 726 8,802 12, 837 17, 352 15, 694 4,108 3,986 6,158 34, 589 50, 559 46, 280 28, 471 27, 279 26, 155 27, 797 26, 621 25, 760 12, 266 12, 793 12, 395 2,902 2,856 2,878 9,354 10, 230 10, 252 3, 658 2,701 3,435 2, 626 1, 996 2, 489 974 700 983 s,; 74,, 8, 7,* 1,239 3,i 27, J 31, 30,, 13, 3,( 10, 4,' 1, * 2210,061 2 199, 225 2 182, 797 2177,025 2161, 28, 376 40, 151 36, 484 29, 070 25, 13.5 22.9 18.9 13.5 28, 222 32, 305 28, 29, 414 28, 650 8,626 13, 999 11,119 10, 546 9, 19, 596 6.4 8.5 5.7 2 180, 228 2204,905 2 i 153, 936 2 155, 254 2, 717 39, 408 20, 742 74,038 8, 800 11,004 4, 027 33, 306 20, 551 20,247 9,791 2,554 7,419 2, 207 2,275 552 4,317 3,140 43, 660 38, 667 16, 945 18, 445 92, 242 71, 082 8,279 9,340 14, 587 12, 058 4,487 7,076 36,699 i 28,606 18, 923 20, 101 19, 777 18, 572 13,158 ! 10,813 2,829 3,120 10, 100 7, 276 2,025 3,130 2, 014 2,717 339 895 ' ! i i • i ! i i | ! I i i i i 3, 734 35, 746 16, 582 70,415 10, 451 13,388 3, 673 23, 383 25, 328 24,993 11,410 2,914 8,622 3, 063 2,439 350 2177,382 201,390 2190,339 2 180, 801 2 146,912 2 150,997 2151,769 44, 390 63, 624 2 68, 077 2 68, 407 49, 735 2 52, 581 2 50, 409 23.5 43.6 37. 3 36. 5 47.3 36.0 39.8 21, 723 34, 473 27, 068 23, 657 22, 758 28,415 1 39,316 8, 494 8, 510 9, 404 8, 193 10, 290 13, 967 13, 754 18, 15,464 2 25, 347 220,706 217,673 11. 6 6. 6 7.4 16. 2 6.1 7.1 1 6.0 7.3 8. 8 8. 5 7.6 5.3 18, 125 9. 2 6.3 6. 7 14,264 7. 0 6. 0 i 5. 1 13,213 5. 9 4.7 5.4 231,086 229,891 227,451 2 27, 948 223, 221,389 221,184 220,797 220,633 2 18, 822 2 18, 331 2 is, 293 283,189 2 77, 269 2 67, 005 264,683 1 254,698 2 57, 327 ! 61, 343 2110,602 2103,436 297,625 288,396 284, 11.5 7.4 1 9.3 14.2 12.8 1 7. 9 6. 8 8. 7 ' 8,. 5 5. 5 18.0 7.6 : 7.2 8.3 5.9 7.0 i 6.3 10.7 12.5 9.0 7. 2 7,. 2 2 22.7 15.7 13.8 ! 13.5 24.7 | 20,2 17.7 11.4 26.6 28.3 20.4 31.1 2 185, 706 2 179, 694 2 173, 455 2 174, 460 2166, 2170,384 12168,708 2 149, 480 2153,773 2135,530 130,978 : 2131,292 3,778 53, 180 12, 185 55, 387 6, 250 11,249 5, 741 11, 561 24, 088 23, 757 22, 396 5,685 26 917 2[ 638 9,388 ! 4 510 i 4,337 49, 964 15, 580 51,841 6, 143 9, 512 4.627 12, 354 25, 297 24, 1 10 19,880 5,234 2« K44 3,215 11,188 2 91? ! ! ! ! ! * 2,773 52, 757 14, 988 47, 480 5, 516 8,937 4, 269 11, 000 23, 873 22, 854 ; 20, 582 4, 640 26, 068 ! 2, 645 ; 8, 805 3 336 2, 384 4X 772 16,' 057 51, 359 5,459 11, 734 4,138 10, 951 23, 874 22, 341 23. 953 3, 409 24, 133 3, 042 8, 897 1 . 765 2,039 ! 37,846 I 14, 150 I 40,986 i 4,080 6.446 ! Si 045 i 5,954 i 17,354 i 16,216 15,002 3,704 21,976 1,803 8,655 3,647 2, 45, 16, 50, 6. 11, 4, 11, 21. 20, 23, 22i 3, 38, 119 23, 436 14,880 2 26, 595 32,491 54, 702 54, 159 47, 52,438 | 49,977 28,912 30,774 ; 27,435 i 25,930 i 21, 22,985 i 18,850 ! 19, 744 21, 120 : 23, 33,373 i 30,382 ! 29,652 :! 29,990 28, 45, 45, 734 45, 529 j 44, 186 47, 442 2,854 33, 553 12, 723 41,720 4, 137 8, 639 4.007 7,728 14,658 14, 608 16, 64') 3, 348 21, 546 1, 885 8, 552 2,093 , i 37,310 22, 849 ! 14,911 i 24, 098 I 31,810 ; 3,711 35, 498 13,163 36, 482 4,244 6, 564 4,467 7,702 17, 027 16,947 18.409 4, 214 20, 214 1, 729 9,038 1,206 2 36, 030 24, 870 2 17, 485 2 20, 021 2 32, 789 TRANSPORTATION AND COMMUNICATIONS TRANSPORTATION Express Operations Operating revenue Operating income thous of dolls thous of dolls 10 196 'l29 10 493 ' 107 10 151 105 9 773 139 8. 177 789 885 60 232 8. 206 741 327 56 981 9 428 134 : 9 605 135 ! 9 540 129 9 470 131 8,459 135 7,701 133 8.225 ! 8.225 745 280 | 803, 216 56, 211 j 59,970 8.255 766, 176 56, 686 8.225 724, 195 53, 428 9 150 119 i Electric Street Railways Fares, average (320 cities) Passengers carried Operating revenues * Revised. cents thousands thous. of dolls 8 231 8. 180 747 930 842 833 64 332 K,77 832 076 63 718 8.206 ! 8.206 ! 8.225 713 467 ' 734 422 i 795 443 55 835 55,966 i 59 704 8.225 773, 079 SURVEY OF CURRENT BUSINESS June, 1932 j -j OQO Earlier data, together with explanatory \ footnotes, may be found in the 1932 Annual Supplement to the Survey i April I 35 1931 May April Jane July 1932 Decem- January FebruOctober NovemAugust Septemary ber ber ber March TRANSPORTATION AND COMMUNICATIONS—Continued TRANSPORTATION— Continued Steam Railroads Freight carloadings: Index, unadjusted 1923-1925 = 100.. Coal _ 1923-1925 = 100 Coke 1923-1925-100 Forest products 1923-1925=100 Grain and products 1923-1925=100.. Livestock 1923-1925 = 100. Merchandise, 1. c. 1 1923-1925 = 100. _ Ore _ 1923-1925 = 100 Miscellaneous 1923-1925=100 Index, adjusted 1923-1925 = 100 Coal- . _ 1923-1925 = 100 Coke 1923-1925 = 100 Forest products 1923-1925=100 Grain and products 1923-1925 = 100-. Livestock 1923-1925 = 100 Merchandise, 1. c. 1 1923-1925 = 100 Ore 1923-1925 = 100 Miscellaneous 1923-1925=100 Total cars * thousands Coal thousands Coke _ . thousands Forest products. thousandsGrain and products thousands.. Livestock _ _ .thousands. . Merchandise, 1. c. 1 thousands.. Ore_ . _ thousands M iscellaneous. thousands. . Freight car surplus, total thousands.. Box thousands. . Coal thousands Equipment, mfgrs. (See Trans. Equip.): Financial operations (Class I roads): Dividends paid. (See Finance): Operating revenues thous. of dollars... Freight thous of dollar^ Passenger thous of dollars Operating expenses thous. of dollars... Net operating income thous. of dollars... Operating results (Class I roads): Freight carried 1 mile mills, of tons__ Receipts per ton mile cent^ Passengers carried 1 mile millions.. ! 57 52 31 27 66 56 75 9 57 59 62 32 26 86 61 73 18 56 2,773 461 19 99 154 93 931 17 998 728 294 363 Waterway Traffic Canals: 233,186 Cape Cod short tons 250 New York State . thous. of short tons- i 1,444 Panama, total thous. oflongtons.. 620 U. S. vessels thous of long tons 278, 926 St. Lawrence short tons 369 Sault Ste. Marie thous. of short tons.. Suez thous. of met. tons.. "Welland.. _ short tons "464," 668" Rivers: 172,472 Allegheny short tons Mississippi (Govt. barges) short tons.. 99, 000 850 Monongahela .thous. of short tons.. Ohio (Pitts, to Wheeling) short tons.. 445, 731 Ocean traffic: Clearances, vessels in foreign trade thous of net tons ! 5,313 3, 277 Foreign thous. of net tons.. 2,036 United States thous. of net tons.. Shipbuilding. (See Trans. Equip.) Vessel losses. (See Trans. Equip.) Travel Hotel business: 3.28 Average sale per occupied room dollars.. i 53 Rooms occupied per cent of total | Foreign travel: Arrivals, U S. citizens number Departure, U. S. citizens number.. Emigrants . number .. Immigrants number Passports issued .number . 18, 745 National parks: Visitors number. . Automobiles .number Pullman Co.: Passengers carried thousands _ Revenues total thous of dolls 1 COMMUNICATIONS Telephones (class A companies): Operating revenues thous. of dolls Station revenues thous. of dolls Tolls message thous. of dolls i 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 77 65 57 45 80 65 91 20 87 80 78 60 43 104 69 88 41 85 3, 758 580 35 164 188 109 1, 126 40 1,516 603 282 252 79 67 56 47 80 64 92 45 89 79 76 56 44 97 68 89 30 85 2, 961 456 26 132 143 82 870 69 1,174 616 306 239 369, 652 283,711 47, 272 290,618 39, 074 369, 020 283, 161 46, 981 288, 067 41,264 28, 710 1.093 1,831 30,014 1.054 1,870 77 63 45 43 78 55 89 77 86 77 73 49 41 90 65 89 43 82 2,992 443 22 125 140 75 876 119 1,192 599 306 224 78 64 41 38 120 56 87 92 83 76 73 46 38 100 67 88 51 79 2,931 433 19 106 220 71 830 139 1,113 564 288 211 76 68 38 38 95 64 86 89 81 72 70 42 36 78 72 86 52 73 3,747 594 23 138 228 106 1, 069 175 1,413 574 303 206 78 74 42 37 83 76 88 79 81 69 69 42 35 68 64 85 49 68 2,908 497 19 104 149 96 841 121 1,081 564 293 210 78 83 45 33 82 86 87 50 81 69 72 44 33 74 64 83 36 69 3,813 727 28 123 193 145 1,081 102 1,415 535 290 1.85 70 72 46 31 80 80 85 16 70 68 65 44 33 76 69 83 23 72 2, 620 486 21 87 145 104 806 25 946 659 341 249 61 70 50 25 62 66 77 10 57 69 65 47 30 63 66 83 40 73 2, 273 471 23 71 112 87 742 15 753 751 401 269 58 66 47 25 66 65 75 7 54 64 58 43 28 69 62 81 31 67 2,270 461 23 73 124 88 747 12 742 742 381 283 59 66 52 27 74 57 75 7 53 62 61 45 27 78 60 78 29 • 62 2,245 460 25 77 137 76 732 11 728 722 367 278 54 61 71 48 27 72 5(5 75 28 57 2, 287 485 24 80 116 66 749 11 750 705 365 265 369, 810 377, 146 281, 261 290, 348 50, 272 50, 957 280, 145 280, 127 P,r. f ) Q f ) 50, 163 364, 525 280, 103 49, 183 269, 463 55, 859 350, 335 270, 239 44, 757 258, 223 55, 319 363. 206 289, 193 38, 202 261,247 64, 020 305, 385 238, 459 35, 904 238, 507 36, 580 288, 631 214, 443 40, 577 241,439 21,263 275, 371 208, 492 38, 024 229, 548 11,714 267, 272 205, 366 33, 882 211, 109 22, 043 290, 029 225, 031 34, 398 222, 482 32, 289 30, 276 1.051 2, 116 29, 348 1.041 2,077 27, 847 1.049 1,900 30, 588 1. 046 1, 541 25, 086 1.035 1,468 22, 663 1. 037 1,641 22, 853 1.017 1,506 21, 732 1.047 1,401 23, 580 203, 085 216, 559 203, 230 211,172 457 385 349 506 1,925 1,759 2,011 1,867 937 828 820 929 319, 059 1,165,791 919, 649 716, 991 922 4,335 6, 645 7, 613 2,403 2,027 2,396 1,963 370, 003 1,165,853 1,015,469 871,513 186, 414 425 1,789 859 714, 370 8,385 1,860 972, 976 197, 997 587 1,755 884 710, 753 7,126 1,813 968, 763 221, 308 505 1,763 930 794, 975 6,248 2,019 850, 582 209, 864 510 1,578 676 663, 636 3,049 1,964 954, 773 221, 673 0 1,649 744 31, 756 284 2,075 103, 954 178, 121 0 1,594 652 0 0 2,136 0 168, 189 0 1,645 628 0 0 1,766 0 190, 484 0 1,644 726 0 0 2,043 0 28, 258 1.090 2,034 134,854 82, 465 1, 518 713, 200 169, 760 99, 901 1,508 685, 526 143, 627 86,016 1, 257 736, 187 237, 024 104, 300 1,331 849, 277 294, 720 104, 266 1,042 661, 514 246, 551 106, 931 962 635, 571 213, 562 104, 873 1,135 603, 544 156. 642 86', 346 998 548, 640 119, 972 168, 021 891 463, 164 46, 740 130, 807 780 338, 716 43, 845 112,558 723 319, 266 71,615 113,600 794 298, 394 5,907 3, 815 2, 092 6,539 4,014 2,525 6,543 4,302 2,241 7, 536 4, 794 2,742 7, 463 4,729 2,734 6,837 4,359 2,478 6,461 4, 041 2,420 5, 605 3,309 2, 296 4,866 3,137 1,729 4,910 3,129 1,781 4, 932 3,157 1,774 5,240 3,184 2,056 3.73 63 3.50 61 3.58 56 3.55 54 3.64 54 3.55 58 3.51 60 3.56 56 3.39 52 3.38 60 3.46 56 3.27 52 28, 281 24, 418 5,647 3,470 21, 466 22, 518 23, 242 5, 616 3, 799 28, 513 25, 588 29, 579 5, 893 3,534 27, 689 30, 944 46, 961 7,428 3,174 17, 667 59, 372 65, 895 9,541 4,090 10, 749 62, 581 42, 247 8,733 5,017 8,812 32, 427 35, 016 10, 857 3,913 7,345 16, 823 23, 224 11,318 2,899 6,622 16, 932 24, 351 10, 727 2,642 5,513 17, 158 25, 016 8,550 2,220 6,442 19, 829 22, 920 6,188 1,984 6,475 22, 012 24, 718 6,239 2,103 10, 694 81, 074 17, 893 165, 683 41,133 327, 604 81,856 577, 284 140, 164 600, 033 146, 611 211,581 51,914 79, 700 18,867 41,723 7,514 38, 145 6,909 54, 167 9,617 45, 486 8,204 46, 120 7,951 1,986 5,238 1,900 5, 055 2,051 5,470 2,023 5,413 2, 091 5,564 1,969 5,409 1,674 4,499 1,526 4,238 1,677 4,852 1,643 4,530 1,424 4,039 1,404 3,806 98, 596 64, 709 26, 123 64, 739 24, 770 17, 152 98, 381 64, 513 26, 059 65, 757 23, 721 17, 166 97, 507 53, 925 25, 763 65, 088 23, 628 17, 094 96, 298 62, 398 26, 077 66, 034 21, 624 17, 018 94, 566 61, 260 25, 401 64, 102 22, 025 16, 977 94, 665 62, 263 24, 928 63, 099 23, 146 16, 992 96, 704 64, 154 24, 926 64, 997 23, 209 16, 941 93, 275 62, 851 22, 761 64, 075 20, 887 16, 929 95, 272 63, 826 23, 682 67, 322 20, 036 16, 887 91,811 62, 730 21, 507 63, 806 19, 151 16, 783 89, 039 61, 248 20, 361 61,645 18, 490 16, 693 91, 683 62, 300 22, 038 61, 598 20, 967 16, 640 11,963 9,391 10, 054 1,513 11,744 9,133 10, 047 1,426 11, 875 9, 212 10, 140 1,737 11,370 8,774 10, 534 461 10, 825 8,359 10, 060 387 11,012 8,441 10, 067 567 10, 859 8,243 9,531 951 9,660 7,387 8,564 722 10, 849 8,298 9, 490 994 9,181 7,058 8,469 326 8,894 6,771 8,040 469 9, 955 7,573 8,605 961 * Data for April, August, and October, 1931, and April, 1932, are for 5 weeks; other months 4 weeks. 58 67 48 27 62 49 75 SURVEY OF CURRENT BUSINESS 36 Earlier data, together with explanatory footnotes, may be found in the 1932 j Annual Supplement to the Survey j April June, 1932 1 1931 April May June i Novem- Decem- January August September jI October ber ber July F( sbruary March CHEMICALS AND ALLIED PRODUCTS CHEMICALS Alcohol: Denatured— Consumption (disposed of) thous. of wine gals. Production thous. of wine gals. Stocks, end of month. .thous. of wine gals_ Ethyl— Production thous. of proof gals. Stocks, warehoused, end of month thous. of proof gals. Withdrawn for denaturing ..thous. of proof gals. Methanol, wood distilled— CrudeProduction gallons. Stocks, total gallons. At crude plants ...gallons. At refineries and in transit gallons. RefinedExports gallons. Price, vvholesale, N. Y dolls, per galProduction gallons. Shipments gallons. Stocks, end of month gallons. Methanol, syntheticProduction .gallons. Shipments gallons. Stocks, end of month gallons. Explosives: Orders, new,. thous. of lbs_ Production thous. of Ibs. Shipments ..thous. of Ibs. Stocks, end of month thous. of Ibs. 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 mfgrs short tons. From others short tons. Shipments— To fertilizer mfgrs short tons. To others _. short tons. 27,976 .37 6,006 6,166 3, 544 5, 976 5,954 3,543 6, 517 i 6, 195 ! 3,283 i 6, 157 5, 962 3,036 6,638 3,331 6,436 6, 922 3,807 11,162 13,120 13,111 ; 11,975 12, 363 13, 074 14, 711 16,171 ' 14,888 17, 024 10, 541 10, 288 10,491 . 10,436 322, 049 557, 041 520, 865 36,176 247,808 624, 399 494,192 130, 207 182,273 624,543 526,543 98,000 54, 857 .35 211, 073 141, 801 569, 250 52, 048 .35 118, 052 257, 707 429, 595 59,950 ! .35 107,331 I 110,454 426, 472 i 9,610 10,153 9,147 9,476 3, 330 ! 2, 642 12, 430 11,413 1,629 5, 034 5, 225 1, 823 3, 801 3,965 1,987 12, 952 16,037 ! 14,084 14, 002 13, 224 10, 340 15, 885 15, 130 12, 690 5, 870 9, 153 | 12, 574 11,63 13, 076 15, 564 15, 515 19, 350 8, 574 i 154,473 | 609,583 i 452,489 I 157, 094 113, 892 541,30' 395, 90' 145, 400 133, 507 485, 094 378, 991 106, 103 183,851 583, 975 466,975 117,000 206,416 529, 425 | 410,439 ! 118,986 61, 240 .35 91, 696 122, 846 395, 322 65, 311 30, 455 .35 56, 519 98, 431 288, 899 80,065 1 37,473 54, 535 36, 653 39, 434 .37 .35 .35 ' . 35 ! .35 56,474 ! 87,486 141, 873 148, 731 119, 620 105, 060 : 89, 704 154, 262 102, 452 125, 361 240,313 1 238,095 225, 706 271, 985 266, 244 5,025 4,555 1,517 9,526 6, 265 14, 026 7,335 219, 238 206,739 ! 230,324 295, 359 521, 660 525, 866 429, 718 473, 466 390, 425 294,375 313,985 329, 384 131, 235 231,491 U15,733 144, 082 97, 940 .37 103, 279 76, 458 293, 065 785,164 784,108 654, 472 ! 437, 805 ' 315, 940 663, 216 510, 432 364, 118 327, 556 585, 880 546, 086 514, 119 397, 901 344, 229 429.361 i 283,866 414, 975 699, 380 1,187,529 599, 061 464,315 1 386,883 473, 993 425, 596 2,243,676 2,683,555 2,908,666 |3,062,605 2,963,570 2,927,406 2,250,309 2,015,386 1,878,607 |2,077,604 2,149,697 2,238,220 17,814 16,804 17,795 17,587 28,721 28,280 28, 500 21,436 ! ! | | 28,441 26,960 27, 379 21,115 26, 970 25, 282 25, 610 18, 151 22, 657 24, 509 24, 035 18, 264 95, 478 78, 615 110, 599 15.50 102, 632 15. 50 106, 751 15. 50 99, 654 25,058 25,068 25,150 20,304 25, 437 24, 548 24,867 19,956 97,981 i 94,218 94, 860 78, 606 15.50 15. 50 ! 15.50 105,250 j 90, 772 j 92, 895 26,719 25,981 26,611 20,404 I i ! | 608,730 | 111,939 ! 105,356 15.50 15. 50 116,447 25, 803 26, 598 27, 408 17, 888 18, 648 18, 595 18, 087 18, 712 19, 095 18, 175 16, 148 18, 025 17, 655 18, 064 17, 488 18, 530 95, 681 78, 890 64, 981 15. 50 15.50 108, 782 117, 613 15. 50 104, 573 15.50 88, 333 17, 965 17, 092 17, 154 18, 362 332, 038 539, 231 250, 910 99, 871 15, 424 15, 844 26,555 14,601 25,176 | 14, 709 18,876 | 23, 006 13,412 15, 967 12, 988 9,655 18, 802 14, 553 18, 665 2 14, 644 14, 119 15, 906 15, 865 14, 554 8,795 7,870 5,591 12,606 11,663 32,351 I 14,134 | 16, 771 j 10,799 35,160 | 30,310 i 33,134 13, 355 30, 279 8,512 31,773 10, 699 32, 199 19, 591 28, 311 27, 850 25, 657 19, 133 26, 732 21,817 22, 492 74 89,194 7,690 79, 472 106 59, 970 37, 998 29, 711 3, 339 14, 650 25 89, 409 7,078 80, 670 497 97, 358 24, 730 18, 809 3,768 67, 958 115, 207 7,682 105, 717 383 127, 599 47, 935 35, 367 9,858 65, 043 91 127, 953 7,554 115, 621 n-i r 915 146, 700 70, 022 48, 590 6,175 66, 440 94 94, 416 13, 452 75, 114 300 120, 822 61, 904 33, 968 3,331 50, 071 2. 050 2. 050 21, 597 29, 208 FERTILIZERS Consumption, Southern States __thous. of short tons. Expprts, total long tons. Nitrogenous long tons. Phosphate materials long tons. Prepared fertilizers long tons. Imports, total long tons. Nitrogenous long tons. Nitrate of soda long tons. Phosphates . long tons. Potash long tons. Price, nitrate of soda, 95 per cent, N. Y. dolls, per cwt_ Superphosphate, bulk: Production short tons. Shipments..... short tonsStocks, end of month short tons. 71,614 11,063 59, 542 149 61,433 42,397 2,675 5,458 10, 501 1.770 1,132 150, 128 25,146 113, 017 1,136 143, 250 102, 342 67, 008 5, 578 30, 206 195 107, 918 6,637 91, 049 734 72,159 46, 602 34, 006 4,832 17, 706 2.050 | 2.050 244,931 ! 224,266 361,841 I 324,772 870, 977 891, 149 2. 050 i 2. 050 ! 1. 770 ! 66 i 67 81, 703 1 80, 469 3, 284 11, 877 76, 785 59, 213 ai onn 67 200 77, 849 70, 754 52, 837 51, 670 17, 029 29, 871 5,577 3,884 12, 872 11,998 1. 770 j 172 365 644 79, 242 2 98, 264 75, 732 19, 600 22 32, 114 3,243 58, 200 65, 262 71, 862 oo 1 OO 22 133 I 81 89, 070 2 84,160 ! 100,136 63, 041 2 40,132 i 40, 060 30,114 8,404 ! 54 5,517 5,355 i 14, 236 35, 729 16, 268 41, 834 1.770 1. 770 1.770 i 1.770 178, 072 | 195, 589 I 210, 289 173, 271 I 187, 638 i 179, 405 j 230, 684 215, 019 203,676 : 169,618 103, 754 • 112. 665 98, 056 257,133 ! 168, 702 i 93, 033 123, 641 126, 961 183,494 i 378,426 975,974 11,033,036 1,120,819 |1,153,800 11,205,130 11,272,731 1,313,522 1,341,512 1,307,310 1 1,194,270 NAVAL STORES Pine oil: Production gallons. 161,121 219,053 210,012 231, 207 ! 210, 711 Stocks, end of month gallons. 1,750,720 ,903,340 1,958,237 2,012,847 ! 2,000,497 Rosin, gum: Price, wholesale "B," N. Y. .dolls, per bbl. 3.20 4.73 4.68 I 4.28 4.70 64, 070 Receipts, net, Sports bbls. (500Ibs.). 88, 741 120, 819 165, 500 | 156, 810 Stocks, 3 ports, end of month bbls. (500 Ibs.). 337, 221 310,576 ! 351,548 436, 480 I 439, 241 Rosin, wood: 26, 443 35, 585 ! 33, 593 34, 747 28, 495 Production bbls. (500 Ibs.)Stocks, end of month bbls. (500 Ibs.)- 88, 479 128,534 | 124, 830 128, 289 131, 942 Turpentine, gum: .45 .54 .55 .39 Price, wholesale, N. Y dolls, per gal.56 ! Receipts, net, 3 ports ..bbls. (50 gals.). 17, 018 26, 102 37, 026 52, 345 53, 459 Stocks, 3 ports, end of month .bbls. (50 gals.). 68, 947 53, 393 66, 248 101, 905 122,214 Turpentine, wood: 4,415 6,344 5,996 | 5,675 I 4, 370 Production ..bbls. (50 gals.)4, 727 ! 4, 535 ! 5, 307 Stocks, end of monthbbls. (50 gals.). 5, 636 8,383 114, 205 172, 539 176, 973 I 140, 690 169, 695 162, 330 130,046 i 162,253 1,866,368 1,845,125 1,859,713 |1,828,913 1,814,948 1,789,303 1,723,947 I:, 736, 534 3.23 ! 29,539 j 3.87 116, 630 3.8 3.98 101,157 ! 95, 642 3.61 93, 980 449, 173 459, 588 465,466 j 497,438 486, 863 17,074 112,295 25, 058 108, 350 23, 242 92, 258 23,196 94,331 I 20,006 i 91, 762 j 26,187 90, 540 .36 37, 112 .37 28, 995 26, 102 i 21, 440 101, 537 I 93,142 i .40 .36 ! 30,849 I 23,147 .39 19, 8^4 .40 5,234 .39 I 3,808 .45 6,190 115,178 i 120,953 j 119,388 112,311 101, 081 3, 733 6,002 3,626 6,392 ! 114,421 i 3.30 28, 614 3.94 129, 018 2,607 5,358 3, 797 4, 817 I 3,922 ! 5,231 | 3,547 5,143 3.44 31, 705 426, 508 i 383, 354 | 347, 591 73, 640 3, 121 6, 132 4,329 5,835 OILS, FATS, AND ANIMAL BY-PRODUCTS Animal fats and by-products (quarterly): Animal fatsConsumption, factory thous. of lbs__ Production thous. of Ibs.. Stocks, end of quarter thous. of lbs._ Animal glues— Production thous. of lbs__ Stocks, end of quarter thous. of lbs__ 2 Re vised. I 23,357 58, 757 i 176, 221 491, 837 230, 999 173, 389 576, 013 222, 583 161,991 624, 736 276, 508 20, 847 61, 848 21, 548 67, 474 19, 440 68, 836 SUEVEY OF CURRENT BUSINESS June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 April 37 1931 April May June 1933 Decem- January FebruOctober NovemAugust September ary ber ber July March CHEMICALS AND ALLIED PRODUCTS—Continued OILS, FATS, AND ANIMAL BY-PRODUCTS-Continued j Animal fats and by-products— Continued. Gelatin, edible— Production thous of Ibs Stocks, end of quarter thous. of lbs_. GreasesConsumption, factory . thous. of Ibs Production thous. of Ibs Stocks, end of quarter thous. of Ibs — Lard compounds and substitutesProduction thous. of Ibs Stocks end of quarter thous of Ibs Fish oils (quarterly) — Consumption, factory thous. of Ibs.. Production thous. of Ibs Stocks, end of quarter _ thous. of Ibs Vegetable oils and products: Vegetable oils, total — Consumption, factory (quarterly) thous. of Ibs 1,245 2,154 2,356 Exports thous of Ibs Imports thous. of lbs._ 61, 660 52, 463 72, 280 Production (quarterly) thous. of lbs_. Stocks, end of quarterCrude thous. of lbs__ Reined thous. of Ibs Copra and coconut oils — Copra— Consumption, factory (quarterly) short tons 16, 244 18, 927 17, 871 Imports short tons Stocks end of quarter short tons Coconut or copra oil — Consumption, factoryCrude quarterly thous of Ibs Refined, total (quarterly) thous of Ibs "~8,~466~ In oleomargarine thous. of lbs_. ""5," 985" Imports thous. of lbs__ 16, 090 26) 862 15, 970 Production (quarterly)— Crude thous of Ib15 Refined thous. of Ibs.. Stocks, end of quarterCrude thous of Ibs Refined thous of Ibs Cottonseed and products: CottonseedConsumption (crush) short tons.. 337, 001 157, 477 85, 851 Receipts at mills short tons_. 155, 469 44, 692 34, 055 Stocks at mills, end of month. .short tons__ 522, 795 97, 374 45, 578 Cottonseed cake and meal — 797 6,588 12, 752 Exports short tons Production _ _ short tons 157, 002 77, 626 42, 290 252, 205 224, 282 158, 478 Stocks at mills, end of month.. short tons.. Cottonseed oil, crude— Production .thous. of Ibs. 116, 793 52, 002 28, 022 Stocks, end of month thous. of lbs_. 117, 560 43, 602 33, 056 Cottonseed oil, refinedConsumption, factory (quarterly) thous of Ibs 1,447 1,200 In oleomargarine thous. of Ibs.. 1, 245 Price, summer yellow, prime .069 .035 .076 N. Y dolls, per Ib._ Production.. __ -thous. of Ibs 112,900 75, 847 36, 753 Stocks, end of month thous. of lbs_. 704, 598 462, 840 406, 376 Flaxseed and products: Flaxseed — 827 1,496 Imports, United States thous. of bush.. 1,551 Minneapolis and Duluth— 309 456 Receipts.. _ thous. of bush 424 314 Shipments thous. of bush.. 784 973 Stocks, end of month thous. of bush. Oil millsConsumption, quarterly. thous. of bush.. Stocks, end of quarter thous. of bush 1.57 1.55 Price, No. 1, Minn..,. dolls, per bush.. 1.35 Production, crop estimate -thous. of bush.. Stocks, Argentina, end of month 6,300 5,118 _ . thous. of bush 7,874 Linseed cake and meal — Exports thous of Ibs 30, 818 38, 172 23, 863 Shipments from Minneapolis 12, 145 8,432 thous. of Ibs 5,082 Linseed oil — Consumption, factory (quarterly) ... _._ _ thous. of Ibs. """"." 066" Price, wholesale, N. Y dolls, per lb_. . 092 . 088 Production (quarterly) _. --thous. of Ibs Shipments from Minneapolis 7,525 12, 792 11, 921 thous. of Ibs Stocks at factory, end of quarter thous. of lbs_. Oleomargarine: Consumption (tax paid withdrawals) .thous. of Ibs 16, 768 17, 150 15, 460 Price, standard, uncolored, Chicago .095 .145 .128 dolls per Ib 16,684 2 19,618 14, 902 Production - . thous. of Ibs :.:::::.: ------- ::;::::: 2 Revise,d. i 4,415 8,647 1,625 6,543 4,574 8,312 5,406 10, 089 51, 941 90, 056 81, 072 49,688 94, 569 91,019 53, 837 87, 148 82, 960 278, 216 25, 140 276, 713 21, 718 306, 559 24, 757 220, 417 26, 465 54, 465 4, 647 262, 106 52, 497 29, 847 247, 638 40, 893 17, 677 237, 933 34,810 6,648 202, 733 55, 715 94, 985 83, 074 588, 168 1,775 75, 470 389, 915 1 1,008 74, 285 1,025 63, 096 517, 909 386, 176 63, 434 17, 179 17, 491 489, 058 455 50, 633 440, 865 1, 814 59, 225 1,070 66, 677 49. 024 20, 207 19) 832 23,795 19, 352 20, 953 53, 860 15, 622 25, 106 139, 128 137, 730 142, 435 78, 348 7,105 31, 000 78 49fi 10, 947 29, 455 78, 039 14, 027 16, 589 6,169 34, 845 81,899 67, 351 9,473 18, 228 ::::::::: 206, 123 16,039 61,388 68, 682 201, 036 17 516 13, 859 30, 784 13, 291 25, 186 ::::::::: 42, 951 30, 294 32, 921 21,424 13, 287 24, 784 59, 148 94, 569 60, 241 225 21,849 192, 293 1,304 12, 347 146, 888 3, 590 28, 206 106, 358 10, 260 201,517 118,845 39, 829 385, 190 137, 683 56, 060 387, 573 167, 359 14, 175 17,329 7,089 8, 086 17, 196 12, 065 136, 699 69, 745 269, 031 115, 979 242, 191 1,012 876 910 232, 420 1,154 .068 30, 375 349, 276 .069 16,010 277, 837 .059 11, 968 212, 371 1, 150 1,685 789 501 790 378 386 675 7,205 1,198 1.48 1.64 6,163 67, 169 2,461 56, 509 679, 049 525, 448 591, 342 209, 759 18, 012 1,057,325 1,230 56, 748 1,033,007 695, 188 720, 799 1 23,955 1 828, 452 21, 426 62, 669 758, 101 23,805 61, 136 21, 400 25, 837 138, 489 12, 749 19, 376 10, 361 31, 655 64, 327 11,429 20, 909 68, 702 70, 170 77, 887 57, 361 188, 352 14, 800 191, 389 16, 527 451, 324 862, 032 866, 694 718, 769 589, 363 875, 493 1,570,250 1,258,704 549, 170 368, 589 484, 374 1,192,592 1,584,602 1,400,325 1,179,210 530, 078 268, 010 917, 183 512, 469 299, 613 704, 327 38, 563 322, 283 202, 496 23, 187 266, 534 217,666 5,792 237, 056 230, 677 12, 150 230, 261 204, 303 270, 412 144, 485 226, 178 126, 761 185, 977 133, 629 169, 826 130, 375 163, 907 129, 328 1,480 1,457 297, 179 1,530 1,363 1,297 220, 753 1,438 .044 63, 989 173,945 .045 206, 643 231, 079 .047 226, 631 346, 559 .042 225, 951 489, 866 .039 155,577 555,211 .040 161,114 632, 618 .040 136, 804 682, 487 1,339 2,469 1,468 1,234 196 720 1,104 744 2,436 406 747 2,766 786 1, 381 1,452 924 1,422 1,026 1, 159 1,605 316 541 872 197 199 649 119 124 508 141 109 552 1.41 7,610 4,241 1.37 7,112 3,721 1.43 311,018 1.41 1.40 1.40 1.32 1.46 4,921 5,709 4,331 3,346 1,772 1,378 1,969 3,937 5, 394 7, 480 39, 769 53, 225 57, 736 48, 615 49, 027 42, 782 32, 838 20, 563 34, 265 38, 116 7,653 11,414 13, 972 17, 385 14, 354 18, 019 14, 518 9,773 6,528 4,405 70, 504 .076 141, 205 .073 .075 57, 354 .071 130, 479 .067 .065 59, 167 . 067 99V 7cS3 6,806 4,410 4,125 3,152 4,782 4, 440 95, 544 .086 130, 635 6,788 "09l" 6, 285 5,675 78, 200 107, 508 154, 490 5, 126 166, 424 13, 180 9,289 16, 483 19, 499 23, 401 22, 838 22, 831 19, 892 18, 351 17, 703 .110 12, 643 .106 11, 271 .105 16, 075 .119 18, 836 .127 23, 965 .133 22, 138 .134 23, 173 .128 20, 388 .098 17, 232 . 095 18, 973 2 Asof Dec. 1. 38 SURVEY OF CURRENT BUSINESS 1933 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey April June, 1932 1931 April May June July August 1932 S fcerm- N October j ™f- De c m b £ ' January F sr M^ 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. o f dolls _ _ Trade thous. of dolls '• Unclassified ... - ... -thous. of dolls J Unclassified (273 estab ) thous. of dolls Plastic, cold-water paints, and calcimines: Sales — | Calcimines - - - dollars Plastic paints dollars Cold-water paints dollars. J ROOFING Dry roofing felt: Production Stocks end of month Prepared roofing, shipments: Total Grit roll Shin°'les (all types) Smooth roll 31,867 21, 689 7, 999 13,477 213 33, 403 22, 600 8, 071 14, 430 10, 178 10, 803 162, 347 91,056 104, 242 18 001 4, 3-»0 28, 587 19, 126 7, 031 12 Oil 84 9 461 22, 606 15. 112 6, 235 8 802 75 7 493 21, 323 14, 242 5, 764 8 392 165, 023 109, 100 105, 963 140 854 74 821 126, 822 51 288 122 137 66 869 72, 789 19 998 4 092 16 795 4' 398 iOO 85,773 83,113 2i,948 14,680 : 5,638 ; 8 956 i 86 7 968 85 7 082 161,743 20,742 13,956 5 370 8 499 86 6 786 145 374 63 924 ; 81,037 : 75 886 65,275 16,492 11,419 4 453 6 915 50 5 074 | ' 13,486 i 15,895 9,555 ! 10,871 > 4 478 ' 4 697 ! 5 036 : 6 119 ! 41 i '53 3 931 ! 5 024 16, 271 11 256 4 626 6 563 67 5 095 19, 382 11 309 4 499 6 810 0 8 072 98 634 i 70 755 ' 67 490 40 890 • 52,170 ; 43,492 j 96 574 56 696 52,566 94 199 51 673 118 195 54 922 56,935 68,014 12 098 o' 456 9 181 ' o' 768 : 10 °77 5' 188 12 126 4* 787 983 ' 197 : 14 ' 571 1 774 ' 390 287 1 097 1 761 495 248 1 088 ! short tons ! \ 4, 603 _ short tons ' 4,892 thous. squares i thous squares thous squares thous squares < 16 747 4 908 2,202 2 230 533 70° 967 2 OOfJ 2 017 570 695 965 643 843 619 873 59Q 17 143 4 761 18 356 • 4 834 '• 0 i 237 539 597 7 11 6H ( ) 1 198 5689 60 1 067 i j 1 ' 16 116 a' 021 9 9 30 ' 574 600 1 193 1 765 374 393 998 7 "(35 7 4Q5 ; 9 14 03° 4*910 ' i ' i i 918 503 311 1 103 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 mills, of kw. hours By sourceFuels mills of kw hours Water power mills, of kw. hours.. By type of producer: Central stations . .mills, of kw. hours.. Street railways, manufacturing plants, etc. mills, of kw. hours. _ Sales of electrical energy: Sales to ultimate consumers, total (IV E L A.} mills, of kw. -hours.. Domestic service mills, of kw.-hours.. Commercial —retail mills, of kw.-hours _ Commercial — wholesale mills, of kw. -hours ._ Municipal and street lighting mills of kw . Railroads— Electrified steam mills of kw -hrs 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.. 2 7 655 2 4 524 2 3, 131 2 7 645 2 4 504 3, 141 2 2 2 7 529 2 4 643 2 2, 886 2 7 772 2 7 630 2 2 o 023 2 2, 749 2 2 5 166 2, 464 2 2 5 343 2, 197 5 706 2' 059 2 7, 160 2 7 540 7 773 2 7 543 2 6 997 7 391 2 5 299 2 2, 107 5 064 2*709 2 4 447 2 3* 096 2 2 4 025 2 979 4 203 3 118 2 7, 198 2 7, 020 2 7, 266 7, 095 7 347 6 995 7 340 2 7 083 6 528 6 894 454 447 509 506 470 445 418 411 433 460 469 497 6, 092 965 1, 143 6,016 902 1, 101 5 919 860 1 075 5, 909 816 1,099 5,968 814 1,097 5,894 883 1,082 5 944 978 1 159 5 831 1,082 1 174 5 893 1,160 1 204 5 872 1,257 1 242 5 642 1,122 1 164 5 478 1,043 1 094 3,325 185 3,396 157 3 387 149 3,402 155 3,452 172 3,311 193 3 134 '207 2 905 218 2 793 232 2 630 247 2 654 229 2 629 209 49 392 47 376 45 356 45 352 42 350 41 345 48 375 46 367 49 406 48 404 46 384 48 413 176, 210 171, 550 168, 510 187, 190 167, 380 171,930 178, 630 180, 610 184, 870 188, 010 175, 110 168, 280 164, 894 160, 238 156, 575 154, 232 154, 162 156, 913 163, 424 167, 529 170, 723 175, 685 165 421 157, 727 8,901 8, 444 45 406 30, 731 21, 004 2,150 8,904 8,447 41 410 29, 865 21, 230 1, 233 8 965 8,510 39 410 28, 310 20 775 515 8,912 8,466 37 404 24, 741 18, 321 191 8,911 8,466 34 404 23, 527 17, 427 133 8,938 8,492 37 404 25, 985 19, 590 167 8 910 8,446 45 411 27, 820 20 873 532 8,888 8,420 48 413 28, 527 20, 526 1,344 8 828 8,358 50 414 29, 339 20 396 2,236 8 808 8,329 52 422 30, 708 20 982 2,861 8 790 8,315 51 421 29, 360 19 536 2,899 8 763 8,294 51 412 30, 661 20 539 3, 186 7,268 2 7, 201 GAS Manufactured gas (150 companies) : Customers total thousands Domestic . thousands. _ House heating thousands Industrial and commercial- ..thousands.. Sales to consumers . millions of cu. ft _ Domestic millions of cu. ft House heating _ .millions of cu. ft._ Industrial and commercial millions of cu. ft Revenues from sales to consumers thous. of dolls Domestic thous. of dolls. _ House heating .thous. of dolls _ Industrial and commercial thous. of dolls _ Natural gas (125 companies): Customers, total _ . _. thousands. _ Domestic thousands Industrial and commercial thousands Sales to consumers millions of 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 6 906 6, 122 5,843 6,087 6 241 6,490 6 507 6,690 6 747 6 774 32, 356 24, 295 1, 646 6,307 31, 827 30, 654 24, 536 24, 236 1,007 ' 440 6,179 5, 881 27, 337 21, 753 176 5,307 26, 046 20, 747 131 5,071 28, 681 23, 133 160 5, 281 30, 195 24, 291 447 5, 335 30, 331 23, 611 1,055 5,534 30, 602 23, 299 1,650 5,524 31, 936 24, 092 2,054 5,670 30 414 22, 514 2 052 5,710 31, 660 23, 590 2,210 5,763 4,338 4, 122 215 52, 568 26, 940 4,345 4, 302 4, 128 4 093 215 207 43, 340 1 36, 821 21, 142 i 15, 232 4,273 4,068 203 32, 834 10, 876 4,258 4,057 200 31, 661 1 10, 086 i 4,268 4,068 199 33, 823 11, 185 4,272 4,072 199 37, 628 13, 662 4.312 4, 105 205 43, 908 19, 924 4,315 4 103 211 52, 024 27, 647 4,324 4 110 213 54, 805 30, 940 4,348 4 123 224 52, 226 29 278 4,323 4 100 222 51, 739 29 051 25, 269 21, 824 | 21, 252 i 21, 573 21, 205 22, 200 23, 538 23, 593 23, 733 23, 451 22, 503 22, 182 24, 225 17, 850 6, 319 20, 108 ! 16, 159 14, 697 11, 251 5, 365 i 4, 867 12, 813 i 13, 490 8,205 : 8, 792 4,553 : 4, 647 15, 276 10, 349 4,876 19, 250 14, 006 5,153 24, 404 18, 757 5, 579 26, 441 20, 623 5,754 25, 853 19 975 5,779 24, 889 19 104 5,689 7,434 13, 482 8,679 4,763 *Since March, 1932, detailed figures are not strictly comparable owing to changes in firms reporting. 2 Revised. SURVEY OF CURRENT BUSINESS June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement of the Survey 1932 39 1933 1931 April April May Juno July August Novem- 1 Decem- January j£ - October ber ber Se m F ^™- March FOODSTUFFS AND TOBACCO DAIRY PRODUCTS Butter: Consumption, apparent thous. of Ibs Price, N.Y., wholesale (92 score) -dolls, per l b _ _ Production (factory) thous of Ibs Receipts, 5 markets thous. of lbs._ Stocks, cold storage, creamery, end of month thous. of lbs__ Cheese: Consumption, apparent thous. of Ibs.. Imports _ -thous. of Ibs. Price, No. 1 Amer. N. Y dolls. p e r l b . _ Production (factory) thous. of lbs._ American whole milk thous. of Ibs.. Receipts 5 markets thous. of Ibs Stocks, cold storage, end of month thous. of Ibs American whole milk . thous. of Ibs. Milk: Condensed and evaporated — Production, total— _thous. of lbs_. Condensed, total thous. of Ibs Evaporated, total* ...thous. of lbs_Exports, total thous. of lbs_. Condensed . thous. of Ibs Evaporated thous of Ibs Prices, wholesale, N. Y. — Condensed dolls, per case-Evaporated dolls, per case.. Stocks, manufacturers, end of month, total..thous. of lbs_. Condensed— Bulk goods__ thous. of lbs_. Case goods thous. 01 Ibs.. EvaporatedCase goods -. thous. of lbs_. Fluid milkConsumption in oleomargarine thous of Ibs Production, Minn, and St. Paul thous. of lbs._ Receipts— Boston, incl. cream thous. qts__ Greater New Y o r k _ _ -thous. qts._ Powdered milkExports thous. of Ibs Orders, net, new thous. of Ibs.. Stocks, mfgrs. end of mo. -thous. of lbs__ 176, 700 .20 135 822 49,915 171 991 .31 121 054 47, 194 157, 136 .24 119 324 48, 895 26, 643 186 041 .26 143 052 53, 566 220 758 .24 177 544 61,813 207 978 .23 190 278 74, 154 197 659 .25 158 126 58, 522 203 731 .28 136 769 45, 588 189 483 .33 118 202 42, 863 187 114 .34 121 052 43, 857 10, 350 17, 195 35, 155 89, 172 115,121 104,678 80,152 56, 229 42, 242 44, 258 5, 280 .12 "28," 685 10 764 49, 705 6, 471 . 15 2 43, 622 32, 865 11 445 57, 266 5,856 .14 54,316 42, 787 12 145 51, 689 5, 121 .14 63, 725 50, 698 17 480 45, 394 3, 413 .15 53, 255 41,871 la 190 47, 078 4,389 .16 45. 127 34, 023 14,264 47. 384 5, 515 .17 38, 993 28, 332 11 949 50, 202 7, 179 .16 41,480 29, 218 13 588 42, ,51-9 6 057 .15 33, 424 22, 849 10 569 50 704 38,917 2 57 422 40, 542 55 939 42. 461 7? 977 58, 144 84 003 68 532 86 418 68, 874 83 4?6 65, 802 81 743 63 968 78 565 60' 583 161, 324 21, 476 139,848 4, 376 1, 169 3 ?07 195, 021 24, 468 170, 553 7, 164 1JR53 5 311 242, 688 30 525 212, 163 7,087 1,973 5 114 232, 3S9 27 348 205, 041 6, 396 1 372 5 024 174, 207 22 286 151,921 7, 754 1 869 5 892 137,085 21,541 115,544 5, 943 1 , 477 4 466 119,741 20 826 98,915 4,968 1 309 3 659 139, 197 24 ?63 114,934 4,790 1 180 3 610 115,920 18 274 97^ 646 5, 683 1 443 4 "40 4, 75 2.75 5. 65 3. 50 5. 65 3.30 5.65 3.20 5. 65 3.10 5.00 3.00 4.75 3.00 4.75 3.00 4.75 3.00 4.75 3.00 134,727 206, 031 269, 794 318, 270 316, 223 219, 250 167, 764 157,061 163, 552 7, 529 9, 532 15, 887 12, 390 19, 163 19, 892 18, 992 23 998 16, 221 24 071 15,001 22, 504 11,007 20 349 10,032 17 264 117,666 177, 754 230, 739 275 280 275 931 181,745 136 408 129 802 4 107 o 9,985 23,465 160 638 112 002 44, 925 1 56, 087 .22 117 6*4 49, 071 170 544 .23 127 268 50, 140 22, 506 15, 243 9, 034 38,014 2 35, 275 3, 739 5, 195 .14 .14 26, 860 26. 725 017 18, 735 2 21, I 1 , 361 9 301 42,174 3, 580 .13 28,481 21,732 12, 075 45,072 4, 768 .13 33, 744 26,514 11,760 65 728 49, 406 55, 568 41,712 73 289 55 775 2 54 021 36, 782 116,379 2114,038 2117,618 1 7, 260 18,599 17 763 98,616 2 95, 440 2 100, 358 5, 468 6,812 5, 600 1,404 2,310 1 233 4,064 4 502 4 367 134, 226 17 200 117, 026 5, 149 922 4 227 4. 75 2.98 4. 75 2. 98 4.75 2.80 152, 446 145, 303 132, 257 115,889 8,607 15 130 7,929 12 506 8, 275 9 145 7,931 7,467 6,928 7,573 139 844 132 Oil 127 883 116,859 101, 388 4 671 5 387 3 791 3 432 2 943 4 199 4 849 6 142 5 625 5 948 5 106 4, 265 32, 654 36, 244 33 978 27 436 24, 012 21 751 25 224 26 854 31 732 7,820 7,883 19, 877 117,399 21 , 023 124,180 21 021 124, 491 21 615 127, 988 20, 545 122, 447 19 598 122, 776 19 558 121, 940 18 529 116, 628 19 028 118, 763 19 267 120, 474 18, 337 113,126 1 414 12, 145 40, 502 1 369 11,047 43, 148 1 085 11,109 42, 628 964 11,816 38, 216 1 047 11,062 35, 922 854 14, 331 26,711 970 9,914 23, 572 712 8,494 23, 305 725 8,486 24, 198 261 8,126 25, 969 251 7,973 25, 546 3 096 2 071 1 217 3 220 2 035 13 037 31 470 14 516 3211 506 7 247 8 149 8 197 6 396 1, 509 16, 608 2 475 577 16, 513 3 762 137 11,076 2 169 62 9,856 1 714 81 6,144 2 344 2,143 5, 896 4 013 10, 705 9, 493 4 078 11,399 2 10, 041 15,614 13, 439 2 318 2 198 7,807 12, 270 2 120 5,419 13, 680 1 503 2 3, 243 16, 672 838 2 20, 247 121,809 279 2 10, 239 24, 576 2 FRUITS AND VEGETABLES Exports, fruits and preparations. (See Foreign trade.) Apples: Production, crop estimate. . thous. of bush.. Shipments, car-lot carloads 3 728 Stocks, cold storage, end of month thous. of bbls_. 1,742 Citrus, fruit, car-lot shipments carloads.. 13, 709 Onions car-lot shipments _ carloads 2 552 Potatoes: Price white, N. Y . dolls, per 100 Ibs 1 195 Production, crop estimate. ..thous. of bush.. Shiprnents car-lot carloads 21 144 2 059 1 740 1 467 1 372 1 250 1 015 965 1 049 1 181 1 347 24 078 27 272 OQ 38Q 11 968 17 701 24 760 14 419 1 142 3 376,248 13 138 1 198 21 461 17 465 18 638 24 581 12, 922 8,118 11,224 13, 161 18, 750 13, 439 13, 124 17, 296 14, 999 12, 578 8,411 8, 353 8,993 212 51 776 48 896 45 807 39 678 42 1,014 45 717 50 768 50 234 51 129 51 113 52 188 53 2,512 2,446 5,662 2,523 4,626 2, 193 4, 126 1,801 3,449 5,088 4,089 5, 152 4, 138 5 406 4,770 276 51 3 198 965 2 344 2 005 4,226 4,963 1,653 4,030 1, 715 3,536 2,496 2,857 511 206 5 492 151 5 580 123 5 738 556 5 168 201 4 665 165 5 912 256 6 318 508 6 348 120 4 630 177 5 130 291 5 344 220 5 045 .34 .32 .53 .58 . 52 .56 .52 .59 53 .58 .45 .49 46 .44 40 .39 46 .43 39 .37 .36 .35 34 .33 10, 914 GRAINS Exports, principal grains, including flour and meal thous. of bush__ Barley: Exports, including malt thous. of bush. _ Price, No. 2, Minn dolls, per bush Production, crop estimate thous. of bush-Receipts, principal markets. thous. of bush.. Visible supply, end of month _ thous. of bush. _ Corn: Exports, including meal thous. of bush.Grindings __ .thous. of bush. _ Prices, wholesale — No. 3, yellow (Kansas City) .. _ .. -.. ..dolls, per bush No. 3, white (Chicago) dolls, per bush.. Production, crop estimate ._ thous. of bush. _ Receipts, principal markets. thous. of bush.. Shipments, principal markets _ thous. of bush. . Visible supply, end of month thous. of bush. Oats: Exports, including oatmeal _ _ thous. of bush... Price, No. 3, white, Chicago-dolls, per bush.. Production, crop estimate thous. of bush-Receipts, principal markets. thous. of bush. _ Visible supply, end of month thous. of bush.. Rice: Exports. .pockets (100 Ibs.).. Imports pockets (100 Ibs ) Price, wholesale, head, clean, New Orleans dolls, per lb_. Production, crop estimate thous. of bush.. 2 Revised. 39 .38 32,556,863 11, 741 10, 767 9,941 17, 102 11,381 13, 417 16, 152 11, 320 8,447 14,414 10, 421 13, 561 5 836 14 246 14 855 10 589 8 955 6 561 6 364 7 ^11 4 884 4 346 3 603 2 921 2 916 23 199 19 676 12 286 7 785 8 536 8 271 5 5^2 7 364 10 079 13 192 14 736 18 999 23 451 142 .23 179 .30 192 .28 374 .27 253 .23 429 .21 627 .22 857 .23 850 .26 5,432 13, 506 7,604 13, 837 5, 294 9,892 4,748 7,654 5, 749 7,785 12, 903 15, 577 7,398 17, 468 7,090 18, 605 357, 561 23 886 203, 519 38 748 260, 949 50 472 239, 358 10 009 100 899 5 443 108 181 4 475 87 630 3 756 .022 .033 .033 .032 .030 .028 3 As of Dec. 1. . 033 133 .25 89 .24 149 22 4,532 17, 863 255 .25 l 112 142 4,028 16, 710 4,545 16,846 5, 721 17, 808 4,543 15, 523 322 302 9 397 380 658 11 859 193 200 34 081 148 002 32 111 203 622 15 663 263 495 26 565 .026 .028 .030 3 45, 014 .029 .027 .029 :i * Bulk evaporated milk not included since December, SURVEY OF CURRENT BUSINESS 40 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1933 April June, 1932 1931 April May Jane July 1932 | August | ft£ - October November Se m D( Febm N aru ary - ij -Varc-b - - £f-j January FOODSTUFFS AND TOBACCO—Continued GRAINS— Continued Rice— Continued. Receipts, southern paddy, at mills ...thous. of bbls. (162 lbs.)__ Shipments to mills, total . ..thous. of pockets (100 lbs.)_. New Orleans.. thous. of pockets (lOOlbs.).. Stocks, domestic, end of month _ thous. of pockets (100 Ibs.) .. i 544 566 520 323 172 382 765 77 780 69 617 89 601 76 404 37 427 78 1, 788 1,388 1,293 1,051 848 683 3 .35 29 .36 15 .37 10 .37 14 .38 27 ! .39 ! 880 9,262 1, 035 8,540 862 8,730 472 8,687 1,137 8,267 1,311 ! 8, 922 ! 1,213 9, 186 6,954 3,531 9, 956 6,406 11,842 8,136 17, 253 12,731 11, 781 8,901 .79 .81 .74 .61 .65 .69 | .80 .73 .79 .73 .72 .68 .48 .44 .47 .43 .47 i .43 . 75 .76 .67 .47 .51 .56 : .58 280 Exports, including flour thous. of bush.. .45 Price, No. 2, Minneapolis.. -dolls, per bush.. Production crop estimate ..thous. of bush.. Receipts principal markets thous. of bush Visible supply end of month thous of bush Wheat: ExportsWheat, including flour thous. of bush.. 11, 777 9,354 W r beat only thous. of bush.. Value, wheat and flour. (See Foreign Trade.) Prices, wholesaleNo. 1, northern, spring, Minn. .71 dolls, per bush.. No. 2, red, winter, St. Louis .57 dolls, per bush.. .53 No. 2, hard", winter, K. C. dolls, per bush.. Weighted average, 6 markets, all grades .60 dolls, per bush.. Production, crop estimate, total . -thous. of bush.. Spring wheat thous. of bush.. Winter wheat - -thous. of bush.. Receipts thous. of bush.. 13, 198 Shipments thous. of bush.. 13, 221 Stocks, visible supply, world-thous. of bush.. Canada - thous. of bush. . 165, 533 United states thous. of bush.. 182, 757 Stocks, held by mills (quarterly) thous. of bush.. Wheat flour: Consumption (computed) — thous. of bbls.. 539" Exports thous. of bbls.. Grinding of wheat thous. of bush.. 37, 569 Prices, wholesale4.49 Standard Patents. Minn.. .dolls, per bbl._ W inter, straights, Kansas City 3.08 dolls, per bbl.. Production — 8,198 Flour, actual (Census) thous. of bbls.. Flour, prorated, total (Russell's) thous. of bbls._ Offal thous. of lbs_. '660,~i32~ 50 Operations per cent of total capacityStocks, total,' end of month (computed) thous. of bbls__ Held by mills (quarterly) . .thous. of bbls.. 21, 230 16, 601 531, 400 160, 750 199, 561 30, 863 24, 061 480, 000 136, 856 197, 563 29, 656 30, 385 443, 400 122, 318 190, 702 ! 104, 047 65, 987 462, 700 116,462 217, 526 61, 463 45, 747 500, 000 101, 306 242, 846 1,455 875 139 | 1,305 38,877 28,325 500, 400 122, 199 239,431 734 I 1,396 200 1,216 136 758 79 720 57 837 99 1,805 2,051 1,987 1,906 1,855 I 1,862 9 .41 27 .51 3 .45 3 32, 746 751 401 9,131 9,025 10 .46 8 ; .46 1 .47 378 8,934 580 8,909 566 9,250 13, 380 9,519 11,924 7,896 7,962 4,074 7,852 4,649 8.435 5, 749 .71 .80 .73 .75 .75 .70 .52 .48 .62 .59 .57 .52 .57 .53 . 57 .54 . 55 '1 .69 .60 .61 .59 .58 26, 405 29, 470 541, 400 189, 675 230, 147 2892,271 3 104, 806 3 787, 465 13, 766 15, 470 608, 900 191, 180 220, 521 ! 812 859 102 ( 17, 072 11, 005 631, 600 187,974 211, 873 25, 000 11,537 612, 100 180, 966 210, 147 129, 994 13,412 9,562 595, 000 181. 445 202, 383 95, 119 ! : 10,462 785 47,463 9,334 858 45, 230 9,393 895 37, 157 7,604 864 37, 290 7,612 712 35, 130 4,21 4.24 ' 4.28 4.84 4.51 4.59 4.61 4.37 2.96 2.96 3.10 3.03 3.22 3.40 3.30 3.09 9,735 i 10,399 9,890 8,148 8,180 7,C92 28,483 10,611 ! 11,112 781,318 ! 828,114 61 i 60 10, 167 789, 737 65 8,890 645,812 49 8,788 645, 881 49 8,084 610,366 51 8,913 2671,853 50 6,000 5,975 4,577 4,126 5,120 4,880 4,900 3,918 1,194 1,020 » 1,080 1,098 955 M,OI5 9, 843 640 44,412 4.85 4.75 4.13 4.14 4.12 3. 16 8,494 8,015 7,763 9, 852 9,658 9,134 702, 189 51 8,739 663, 303 50 7,981 647, 400 47 9, 847 802, 424 59 10, 614 785, 106 58 5,618 4,857 4,800 2,830 6,000 6,131 6,135 j 3,532 \ 1,043 1,067 4.02 569 32,658 ; 26,851 ; 529, 100 1 161, 912 j 231,049 6, 666 824 35, 893 4.71 632 11,588 : 15,406 8,397 11,873 7,642 1,005 45, 362 8,711 789 36,946 1,408 139,002 38, 771 8,281 761 239,126 1,810 9,898 709 44,569 8,296 597 238,669 LIVESTOCK AND MEATS Total meats: 1,035 1,004 Consumption, apparent mills, of lbs_. 1,012 1,060 1,045 Exports, value of meats and fats. (See Foreign Trade.) Production (inspected slaughter) mills, of lbs._ 1,083 1,096 1,078 1,053 999 Stocks, cold storage, end of month total 1,010 _ . mills, of Ibs. 1,062 1,100 1,014 946 Miscellaneous meats thous. of lbs._ 60, 017 81,359 79,331 75, 469 69, 026 Cattle and beef: Beef and veal — Consumption, apparent thous. of lbs__ 386, 446 421,212 424, 174 404, 731 416, 732 926 981 1,468 1,497 1,573 Exports thous. of lbs_. Prices, wholesale— Beef, fresh native steers, Chicago dolls, per lb_. .128 .160 .143 .129 .129 Production, inspected slaughter thous. of Ibs. . 379, 758 412, 757 419,124 400, 529 411,952 Stocks, cold storage, end of month thous. of Ibs.. 41,192 53, 150 49,448 45, 548 41,055 Cattle and calvesMovement, primary markets1,376 1,617 1,551 1,539 1,488 Receipts thous. of animals.. 879 1,036 979 969 Slaughter local thous. of animals 930 Slaughter, inspected. (See Leather and leather products.) 496 581 562 552 562 Shipments, total thous. of animals. _ 138 175 153 112 124 Stocker and feeder thous. of ammals.Price, wholesale, cattle, corn fed, Chicago 7.51 8.56 7.68 7.32 .dolls, per 100 Ibs . 7.25 Hogs and products: HogsHog movement, primary markets2,960 3, 067 2,938 2,854 2,511 Receipts thous. of animals 1,983 1,841 1,773 Slaughter local thous. of animals. . 2,024 1,474 i Slaughter, inspected. (See Leather and leather products.) 1,072 941 1,088 1,099 1,039 Shipments, total thous. of animals.. 33 37 i 28 36 36 Stocker and feeder.-thous. of animals ._ 7.08 6.39 6.24 I 6.40 Price, heavy, Chicago. . .dolls, per 100 lbs._ 3.75 2 Revised. 1,125 1,085 1,352 1,301 1,183 1,052 798 66, 334 638 j 506 56,881 I 48,744 523 50, 664 736 65, 579 876 69, 249 1,035 76, 368 1,011 65,901 432,312 1,837 404,928 1 449,043 2,077 1,604 343, 245 1,189 379,927 1,046 380, 079 1,202 340, 516 883 2372,060 902 964 ! 946 .144 .148 .156 .164 .157 .145 .130 .130 430, 595 400,751 446,798 349, 598 393, 399 377, 068 339,915 366,403 35,171 1 34,407 39, 158 53, 199 51,285 51,107 46,346 39, 050 1,821 1,007 1,797 ! 961 2,137 1,033 1,866 905 1,453 908 1,376 876 1,281 841 1,377 886 758 261 861 i 381 1,100 581 905 487 608 246 478 130 427 110 483 125 8.62 8.66 i 9.25 10.20 9.34 8.97 7.98 7.61 2,454 1,398 2,727 1 1,663 3,462 2,142 3, 752 2,297 4,210 2,806 4,218 2,707 3,659 2,464 2,939 1,968 1,045 49 6.35 1,062 i 55 ! 5.71 i 1,324 72 5.41 i 1,427 62 4. 64. 1,426 40 4.22 1,510 35 3.91 i 1,188 969 30 4.22 3 As of Dec. 1. ; 37 3.77 June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey SURVEY OF CURRENT BUSINESS 1932 April 41 1931 April May June July 1932 SeptemAugust October ber Decem- January FebruNo v m b er " bar ary March FOODSTUFFS AND TOBACCO—Continued LIVESTOCK AND MEATS— Continued Hogs and products— Continued. Pork, including lard— Consumption, apparent thous. of lbs._ Exports, total thous. of lbs_. Lard . . _. _ thous. of Ibs . Prices— Harns, smoked, Chicago dolls, per lb._ Lard, prime contract, N. Y. .dolls, per lb__ Production, inspected slaughter, total thous. of lbs_. Lard thous of Ibs Stocks, cold storage, end of mo. thous of Ibs Fresh and cured thous. of lbs__ Lard thous. oflbs.. Sheep and lamb: Lamb and muttonConsumption, apparent thous. of lbs._ Production, inspected slaughter thous. of IbS-. Stocks, cold storage, end of mo thous. oflbs_. Sheep and lamb movement, primary markets— Receipts thous. of animals _ Slaughter, local- _ _ ._ thous. of animals _ Slaughter, inspected. (See Leather and leather products.) Shipments, total thous. of animals .. Stocker and feeder thous. of animals.. Prices, wholesale— Ewes Chicago dolls, per 100 Ibs Lambs, Chicago dolls, per 100 lbs._ Poultry and eggs: EggsReceipt?, 5 markets thous. of cases.. Stocks, cold storage, end of month — Case thous. of cases.Frozen thous of Ibs Poultry— Receipts 5 markets thous of Ibs Stocks, cold storage, end of mo. thous. of Ibs . 589, 018 45, 955 36, 014 523, 963 59, 406 44, 769 581, 193 55, 557 39, 623 585,123 53, 226 37, 786 540, 219 49,193 33, 824 551, 988 48, 032 34, 510 .142 .048 .184 .090 .182 .082 .174 .083 .173 .082 .185 .075 .186 .075 644, 271 129,091 624, 301 129, 090 604, 427 126, 323 597, 185 123, 263 532, 757 109, 265 457, 103 91, 680 502, 673 97, 114 907, 586 796, 862 110, 724 963, 217 867, 524 95, 693 931, 117 827, 751 103, 366 890, 212 774, 651 115, 561 833, 737 711,811 121, 926 691,110 595, 063 96, 047 544,183 474, 887 69, 296 59, 071 59, 095 54, 563 55, 333 54, 679 58, 351 58,876 58, 579 54, 433 55, 678 53, 947 58, 466 1, 039 2,529 2, 371 2,685 1,892 2,412 1,269 2,713 1,328 2,810 1,464 2,587 1,384 1,155 143 1,304 189 1,353 176 2.75 5.81 3.29 8.76 2.44 8.36 1,917 2,478 2,236 1,862 1,180 1, 053 2,980 81, 986 5, 162 9], 517 7,887 106, 607 9,507 113, 513 9,504 114, 709 9, 016 110,271 601, 367 | 679,011 | 620,021 639, 966 48, 550 56,134 I 48, 224 75, 954 37, 790 43,547 j 35,205 65, 598 .182 .080 i 653, 596 558, 845 69, 020 75, 728 59,854 j 66,674 2 585, 935 51, 659 43,200 .172 .071 .153 .060 611, 172 i 678, 452 116,124 j 125, 859 174, 090 60, 792 66,436 j 56,499 59, 683 64,275 I 55,997 60,754 66,546 | 56,545 60, 047 63,934 ! 55,851 1,975 ' 1, 908 1,975 | 1,985 2,318 1,947 i 1,784 2,535 1,342 3,270 1,474 3,900 1,461 3, 956 1,487 2,811 1, 281 2,182 1,305 2,363 1,381 2,035 1,233 2,115 1,185 1, 214 289 1,191 243 1, 734 '718 2, 455 i 1,104 2, 471 1, 181 1, 520 655 919 i 182 | 988 124 796 80 922 77 1.55 6.98 2.56 6.06 1.98 5.95 1.63 5.94 2.00 4.98 2.00 ! 4.89 i 2.06 5.09 2.98 5.38 3.25 5.79 1,090 j 1, 435 258 j 68,024 i 689 68,870 20, 530 ! 19,169 .138 .055 .147 .052 .144 .051 860, 315 786, 802 629, 420 171, 331 164,152 130,158 i 420,661 ! 431,387 614,530 i 753, 581 2 905, 320 2 897,832 380,895 | 396,563 563,306 674, 151 2812,459 2 792,197 51, 224 ! 78, 430 92, 861 2 105, 635 39,766 i 34.824 1.63 ! 5.70 ! 943 | 578 652 I 7, 960 ! 5, 745 < 3. 447 103,302 I 94,816 j 86,407 1,475 i 79, 198 i 936 i 15, 499 17, 443 17, 252 22,164 24,871 28, 655 32, 409 | 30, 377 j 64, 731 76,149 j 25. 197 56, 586 45, 920 35, 348 32, 762 36, 438 43, 056 56,215 15,971 . 0445 20, 242 . 0535 22, 520 .0494 .0563 17,746 .0581 13, 546 .0525 14,104 . 0463 16, 020 33, 864 11, 720 11, 870 7,783 4,355 6, 663 7.256 ! 23,080 1,315 803 793 .077 1,762 1,863 1,080 1,126 . 053 1,550 1. 333 643 1,415 .061 1, 755 1,504 760 1, 037 .068 1,535 1,161 530 1,100 .063 1,462 1,216 592 884 .056 1,495 1,263 711 794 .056 1,533 1,485 805 907 .058 1,711 36, 138 30, 474 29, 153 30,662 32,865 5, 556 937 6,136 1,088 6,286 1,345 6,990 1,491 6,944 1,592 244, 391 234, 461 3,. 202 94, 865 238, 872 3,738 137, 205 118,514 3,547 148, 624 203, 030 93, 548 119.664 3, 364 2, 940 215,110 126, 016 2,557 160,992 I 134,336 j 146,102 109,613 ! 97,725 | 101, 278 2,322 2,130 ! 1,931 156, 714 101, 544 1,740 298, 362 403, 337 332, 556 383, 157 469, 609 376,. 715 414,066 .026 .033 .032 .035 .035 196, 949 312, 857 514, 273 180, 100 280, 025 445, 535 161,260 191, 499 463, 730 143, 382 239, 085 400, 567 148,636 324,849 367, 252 135,228 397, 042 429, 229 3,178 .048 .039 55, 679 37, 132 5,332 .050 .044 65, 633 43, 880 3,338 .050 .043 57, 670 32, 632 4,329 .050 .044 78, 583 35, 030 3,952 .051 .046 98, 879 36, 481 3,896 .053 .046 76, 412 37,116 5,774 6,184 4,135 6,953 6,578 7,977 .185 .225 .225 .225 .225 23, 716 22, 783 11,816 17,187 30, 949 290, 114 24, 599 383, 975 28, 626 523,845 28. 095 31. 283 48, 350 65,668 ! 89,971 116, 700 | 111, 554 8, 288 .0494 16, 641 . 0432 2 56, 574 56, 040 2 1, 222 96, 422 ! 2 74,660 THOPICAL PRODUCTS Cocoa: Imports long tons Price, spot, Accra, N. Y dolls, per lb._ Shipments, Gold Coast and Nigeria _ 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 Ib Receipts at ports, Brazil thous. of bags.. Stocks, world total, incl. interior of Brazil ..thous. of bags _ Visible supply, total excl. interior of Brazil thous of bags United States thous. of bags Sugar: Raw sugarCuban movementExports long tons.. Receipts at Cuban ports long tons.. Stocks total end of month. thous. long tons. United StatesMeltings, 8 ports _ long tons Price, wholesale, 96° centrifugal, New York dolls, per lb._ Receipts — From Hawaii and Pto. Rico.long tons.. Imports. long tons Stocks at refineries, end of mo. long tons.. Refined sugar: Exports, including maple long tons Price, retail, gran. N. Y dolls, per lb_. Price, wholesale, gran. N. Y__dolls. perlb_. Shipments, 2 ports long tons. . Stocks, end of month, 2 ports. . .long tons.. Tea: Imports thous. of Ibs. . Price, wholesale, Formosa, fine, N. Y. dolls, per lb_. 6,724 1,395 8,152 .0475 1,529 870 936 .063 2,319 34,493 I 35,046 j 36,093 6, 493 1,555 .034 j 6,127 1,510 6,322 1, 299 328,310 | 231,746 29,285 i .0422 i 44,588 j 52,105 i 49,330 1,507 i 818 | 1,203 | .070 j 2,138 i 25, 614 1,097 646 1,149 . 072 1, 769 1,098 622 1,220 .073 1,721 37,246 j 37,260 j 37,115 ' 37,159 6,419 I 1,387 | 1,270 823 1,220 .071 1,580 6,244 1,359 5,852 1,340 5,620 1, 219 18, 242 88, 595 1,799 25, 111 263, 549 2,522 97, 589 491, 685 3,422 283,570 I 246,324 ; 267,038 345, 753 .034 .034 .028 126,970 j 82,063 202, 564 186,928 321, 815 245,694 53, 741 135, 308 187, 552 39,191 i 93,141 i 172, 792 i 184, 041 177, 460 ! 196,150 264, 675 i 330,891 181,363 j 182,257 j 263,659 I 396, 514 4,365 .052 .045 60, 502 41,171 4,304 3,598 .052 ! .052 .045 i .044 48,208 i 41, 538 34, 486 33,047 2,607 .051 .042 51, 378 31, 220 7,813 7,748 .225 .217 25,065 I 25,877 j 24,686 25, 203 10,271 .225 .225 I MISCELLANEOUS PRODUCTS Candy sales by manufacturers... thous. of dolls.. 16, 340 Fish: Landings, fresh fish, principal ports thous of Ibs 26, 301 Salmon, canned, shipments cases. . Stocks, total, cold storage, 15th of month _ thous. of Ibs. _ 26. 061 1 2 Revised. 16,578 33, 612 28,439 ! 24,947 902, 319 631,651 | 539,277 57, 518 20,808 429,818 14,155 433,132 68,083 | 73, 018 I 74, 725 72, 362 15,749 444,588 20,318 484,335 I ! 64,478 ! 50,661 j 31,888 35,534 SURVEY OF CURRENT BUSINESS 42 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1931 1932 April June, 1932 April May June July 1932 | Septem- October Novem- »-?- | January ~ March ber ber August FOODSTUFFS AND TOBACCO—Continued TOBACCO Leaf: Exports _ _ _ thous. of Ibs. 32 875 Imports, unmanufactured 3 thous. of lbs_. 6,340 Production, crop estimate thous. of Ibs Stocks, total, including imported types (quarterly) mills, of Ibs Flue-cured, fire-cured, and air-cured mills, of Ibs— Cigar types _ _ _ _ mills, of Ibs Manufactured products: Consumption (tax -paid withdrawals) — 7,562 Small cigarettes mills Large cigars thousands.. 349, 953 Manufactured tobacco and snuff thous. of Ibs,. 30, 781 Exports, cigarettes thousands.. 186, 194 Prices, wholesale— 6.042 Cigarettes dolls, per 1,000 Cigars dolls, per 1,000.. 49. 247 45 006 4,374 48 911 3,253 38 737 3,023 20 574 i 23 113 i 44 826 2,592 2,429 i 2,333 I i 49, 170 4,288 58 386 7,899 56 585 25 047 14, 004 14, 200 1 610 098 31 218 8,680 29 437 5,321 1 915 i 1 841 2 013 2 374 1,453 370 • ! 1,419 342 1,612 321 1,858 412 9,471 459, 982 10,448 467, 300 11, 508 517, 514 i 10,700 1 9,520 9,695 478,901 463,256 j 449,330 8,956 534, 371 7,850 477, 458 7,295 304, 531 8,963 342, 924 7,680 347, 729 8,447 355, 382 30, 781 241, 703 30, 780 250, 858 31,086 244, 201 30,661 i 31,558 \ 33,278 243,233 j 254,049 i 257,854 34, 139 191, 835 27, 935 228, 793 25, 813 240, 727 30, 883 190, 823 29, 417 232, 348 31, 444 211,210 5.645 50. 354 5.645 50. 354 5.736 49. 443 6.042 6.042 6.042 49.247 ! 49.247 > 49.247 i 6.042 49. 247 6.042 49. 247 6.042 49. 247 6.042 49. 247 6.042 49. 247 6. 042 49. 247 157 125 113 96 87 136 FUELS AND BY-PRODUCTS COAL Anthracite: Exports thous. of long tons PricesRetail, composite, chestnut dolls, per short ton.. Wholesale, composite, chestnut dolls, per long ton_. Production _ thous. of short tons. _ Shipments thous. of short tons.. Stocks, in storage _thous. of short tons.. Stocks, in yards of dealers, end of month no. of days' supply Bituminous: ConsumptionCoke plants thous. of short tons... Electric power plants thous. of short tons i Railroads thous. of short tons . Vessels bunker thous. of long tons Exports .thous. of long tons . Price, retail composite, 38 cities dolls, per short ton.. Prices, wholesale— Composite, mine run.dolls. per short ton.. Prepared sizes (composite) dolls, per short ton Production thous. of short tons__ Stocks, consumers, end of month thous of short tons 105 120 148 146 110 101 121 13. 46 14.39 14.19 14.31 14. 59 14.73 14.93 14.97 14.96 14.97 14.97 14.95 14.45 11. 803 5, 629 5,014 1,733 12. 202 5,700 5,273 1,601 12. 270 5, 005 4,629 1,674 12.413 4, 544 3,977 2,073 12.614 3,954 3,459 2, 504 12. 796 4,314 3, 810 2,828 13. 083 4,358 3, 778 3,109 13. 083 6,551 5,818 3,167 13. 147 4,141 3,718 3,314 13. 166 4,671 4, 210 3,073 13. 170 3,897 3,418 2,741 13. 170 4, 019 3,630 2,265 12. 396 4,789 4,384 1,794 60 75 75 6 4,027 2, 960 5,314 209 994 3, 795 3,167 5,463 186 1,087 3, 459 3,282 5,268 164 1, 163 3,616 3,452 5, 776 183 1,078 3,172 2,863 5,234 93 389 3,018 2,613 4,980 122 386 3,158 2 739 5', 444 89 403 45 2, 810 93 550 4,682 2,965 5,885 161 671 4, 629 2,956 5,821 195 926 3, 634 3, 232 5,419 165 1,217 54 3,442 3,221 5,290 134 1,150 3,354 3, 116 5,314 99 521 7.85 8.46 8. 01 8.00 8.09 8.11 8.17 8.22 8.23 8.19 8.17 8.14 8.01 3.669 3.760 3.723 3.692 3.706 3.704 3.705 3.703 3.705 3.701 3. 699 3.701 3.692 3.629 20, 283 3.845 28, 478 3.838 28, 314 3.816 29, 185 3. 856 29, 790 3.907 30, 534 3.954 31,919 3.954 35, 700 3.962 30, 110 3.950 30, 260 3.953 27, 892 3.929 28, 013 3.798 32, 250 30, 100 30, 900 34, 500 36, 100 35, 500 32, 700 26, 900 30, 050 COKE Exports thous. of long tons Price, furnace, Connellsville dolls, per short ton Production: Beehive thous. of short tons . By-product . thous. of short tons__ Petroleum thous. of short tons Stocks, end of month: By-product plams thous. of short tons.. Petroleum, refinery thous. of short tons 43 43 86 45 50 87 52 50 41 28 22 29 42 2.25 2.50 2.48 2.45 2.45 2.45 2.45 2.45 2.38 2.34 2.30 2.25 2.25 56 1,883 109 3,146 168 94 3, 126 178 87 2,715 180 76 2,569 173 70 2,443 178 78 2,310 180 105 2,389 159 98 2,276 168 82 2,234 168 88 2,101 145 86 1,996 141 87 2,089 146 3? 566 3,003 1,158 3,062 1,250 3,256 1,315 3,546 1,391 3,791 1,451 4, 054 1,516 4,214 1, 473 4,290 1, 499 4,322 1,512 4,179 1,460 3,839 1,440 3,473 1,436 78, 521 4, 512 .530 77, 164 67 76, 187 3,978 .300 75, 116 67 79, 758 3,588 .238 77, 961 68 80, 672 2,702 .434 68, 418 69 75, 094 3, 426 .560 63, 636 66 76, 083 4,106 .560 73, 079 65 71, 639 3,604 .710 72, 851 64 72, 721 4,315 .710 73, 174 64 68, 715 2,047 .710 66, 884 60 63, 814 4,708 .710 62, 484 60 68, 502 4,840 .710 67, 189 61 96, 341 44, 540 348, 106 41,819 306, 287 498 95, 362 43, 930 347, 610 41, 734 305, 876 643 94, 587 43, 625 346, 016 41, 007 305, 009 599 94, 633 42, 300 333, 852 39, 021 294, 831 441 93, 961 41, 888 323, 198 38, 358 284, 840 445 93, 493 41, 519 319, 906 36, 705 283, 201 705 93, 673 41, 777 320, 788 36, 566 284, 222 874 93, 274 42, 114 322, 566 36, 546 286, 020 744 93, 033 42, 431 320, 201 36, 594 283, 607 643 92,809 42,311 320, 577 38, 085 282, 492 575 92, 155 42, 259 323, 395 40, 211 283, 184 670 2,808 3,080 2.716 2,960 2,183 3,129 1,488 2,841 1,864 2,628 1, 553 2, 359 1,409 2, 350 1,833 2,654 1,392 2,869 1,890 2,761 2,557 2,968 9,049 9, 515 8,561 9,181 9,401 9.913 9,274 9,796 9,420 9,412 9, 639 9, 440 8,984 9, 535 9,101 9,922 9,087 9,589 8,546 8,994 9,949 9,998 542 3,606 4,286 599 3,440 4,053 713 3,567 3,839 727 3,286 3,442 694 3,236 3,095 707 3, 554 3, 643 722 3,344 3,060 783 2,899 3,447 664 33,388 3,031 2 605 3,025 3,136 591 3,211 3,500 .463 28, 952 36, 579 .385 28, 406 38, 591 . 294 28, 801 41, 339 .280 29, 129 44, 480 .319 27, 639 45, 334 .338 28, 265 44, 883 .350 27, 108 45, 434 .338 27, 187 42, 582 .325 26, 464 39, 927 .335 23, 435 36, 631 .350 25, 928 34, 096 PETROLEUM AND PRODUCTS Crude petroleum: 74, 761 Consumption (run to stills) thous. of bbls 4,162 7,694 Imports thous. of bbls Price, Kansas- Oklahoma dolls. perbbL. .823 .530 Production thous. of bbls 73, 101 Refinery operations per ct. of capacity _ _ 67 Stocks, end of monthCalifornia— 96, 972 Heavy crude and fuel oil thous. of bbls.. 44, 003 Light crude thous. of bbls 350, 165 East of California total thous of bbls 41,413 Refineries thous. of bbls 308, 752 Tank farms and pipe lines thous. of bbls 519 Wells completed _ number _ _ Mexico2,392 Exports thous. of bbls. _ 2,761 Production thous. of bbls Venezuela8, 586 Exports .thous. of bbls._ 11, 004 Production thous. of bbls 10, 481 9, 263 Refined products: Gas and fuel oilsConsumption — 553 Electric power plants thous. of bbls._ 3,536 Railroads thous. of bbls.. 3, 436 4,043 Vessels bunker thous. of bbls Price, Oklahoma, 24-26 refineries .488 . dolls, per bbl_. 438 29, 733 Production thous. of bbls . 33, 854 Stocks refinery end of mo thous of bbls 2 Revised 3 AS of Dec. 1 SURVEY OF CURRENT BUSINESS June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1931 1932 April 43 April May June July 1933 Decem- January FebruAugust SeptemOctober November ber ary ber March FUELS AND BY-PRODUCTS—Continued PETROLEUM AND PRODUCTS-Con. Refined products—Continued. GasolineConsumption thous. of bbls_. 33, 957 Exports _ thous. of bbls "~3,~568~ 3,988 Exports, value. (See Foreign Trade.) Price, wholesale.133 Drums, delivered, N. Y. .dolls, per gaL. .143 Refinery, Oklahoma dolls, per gal-.034 Price, retail, service station, 50 cities .124 dolls, per gal Production— 3,824 At natural gas plants thous. of bbls 36, 151 At refineries thous of bbls Retail distribution (41 states) mills, of galls _ 978 Stocks, end of month — 1,006 At natural gas plants thous. of bbls 47, 601 At refineries thous. of bbls KeroseneConsumption thous of bbls 2 804 753 Exports thous. of bbls_. 578 Price, 150° water white, refinery, Pa. .048 dolls, per gall .046 3,397 Production thous. of bbls . 6, 129 Stocks, end of month thous. of bbls Lubricating oil — Consumption thous. of bbls.. 1,850 Price, cylinder oil, refinery, Pa .125 .163 dolls, per gall 2,316 Production _ _ thous. of bbls . Stocks, refinery, end of month thous. of bbls 10 463 Other productsAsphalt— 7 0 Imports thous. of short tons 248 Production . thous. of short tons. . Stocks, refinery, end of month 360 thous. of short tons.. Coke. (See Coke.) Wax33, 040 Production thous. of Ibs Stocks, refinery, end of month 205, 105 thous. of Ibs 35, 999 4,792 38, 637 3,093 39, 246 4,166 39, 470 4,036 36, 670 3,074 35, 051 3,325 30, 640 3,723 30, 529 2,540 26, 196 3,300 25, 344 2,721 29, 451 2,901 .133 .029 .133 .025 .133 .029 .133 .043 .143 .034 .143 .038 .143 .047 .128 .032 .123 .032 .123 .036 .135 .041 3,342 33, 007 3,148 31, 265 3,198 31, 789 .122 .125 .124 .122 .123 .123 .129 .129 3,814 38 419 3,521 36, 624 3,521 37 873 3,179 38 425 3,062 37, 016 3,345 38 030 3,405 35, 792 3,476 35, 563 1,087 1,137 1,214 1,219 1,082 1,059 957 880 801 2752 857 996 46, 413 860 42, 066 855 38, 174 722 34, 878 614 33, 401 524 34, 615 641 36, 786 645 40, 202 809 41, 782 875 46, 923 947 47, 220 2 395 1,145 2 104 720 2 114 1,214 2 678 1,131 2 341 1,057 3 042 1,267 2 906 1,206 3 358 640 2 612 1,184 2 798 734 3 067 876 .045 3,389 5,960 .042 3,404 6, 521 .038 3,696 6,869 .038 3,685 6,734 .039 3,239 6,558 .039 3,701 5,924 .041 3,815 5,618 .044 3,713 5,332 .046 3,798 5,304 .045 3,200 4,971 .044 3,525 4,539 1, 865 1,615 1,969 1,753 1,549 1,639 1,211 1,366 1,413 1,190 1,724 .118 2,264 .112 2,088 .110 2,337 .134 2,306 .198 2,143 .200 2,267 .181 2,164 .164 2,049 .153 2,092 .161 1,984 .167 1,946 10 119 9,763 9 597 9,289 9,224 9 113 9,422 9, 485 9,551 9,747 9,355 9 304 10 315 4 314 14 312 12 326 1 314 0 210 0 132 1 131 1 130 2 181 380 390 343 315 288 276 277 302 308 313 351 35, 840 34, 160 37, 800 37, 520 42,000 46, 200 46, 760 45, 360 43, 680 48, 440 47,040 205, 803 200, 836 198, 407 192, 198 191, 158 189, 167 183, 938 180, 843 188, 476 188, 688 195, 412 25, 856 3,164 10, 846 5,533 4,472 20,492 2,327 9,473 4,783 2,333 16, 712 2,739 4,261 3,879 3,481 18, 015 2,658 5,209 4,399 3,755 17,159 2,175 7,115 3,632 2,697 18,644 2,092 6,167 4,611 4,009 407 355 781 614 3,772 i 4,218 1,804 1,505 5,387 1,581 347 653 5,027 1,679 360 583 4,590 1,439 420 633 3,664 1,428 LEATHER AND PRODUCTS HIDES AND SKINS Imports, total hides and skins_.-thous. of Ibs. Calf and kip skins thous. of Ibs. Cattle hides thous. of Ibs. Goatskins__ thous. of Ibs. Sheep and lamb skins thous. of Ibs. Livestock, inspected slaughter: Calves thous. of animalsCattle thous. of animalsHogs. thous. of animalsSheep thous. of animalsPrices, wholesale: Packers, heavy native steers. Chicago dolls, per lb_ Calfskins, No. 1 country, Chicago ..dolls, per Ib. Stocks, total, end of month thous. ofIbs. Calf and kip skins thous. of Ibs. Cattle hides thous. of Ibs. Sheep and lamb skins thous. of lbs_ 18,579 2,474 6,406 5,948 2,282 19,616 3,337 4,404 6,160 4,453 24,437 4,512 6,812 8,274 3,091 26, 053 3,646 7,528 9,321 3,313 28, 332 6,211 9, 313 7,686 3,472 29, 513 5,058 11, 870 7,556 3, 368 27,445 3,265 11,934 6,858 3,360 428 650 3,714 1,497 471 690 3,488 1,493 425 704 3,408 1,444 417 667 3,251 1, 516 356 706 2,767 1,491 357 727 2,500 1, 598 393 687 2,955 1,667 .050 .092 .085 .100 .120 .113 .090 .058 .129 .129 .129 .139 .135 277,434 275, 576 269, 758 270, 573 276, 000 283,405 23, 662 24,150 26, 027 29, 033 28, 325 27,413 220,846 216, 400 209, 697 206,317 212, 299 221,343 32,926 35, 026 34, 034 35, 223 35, 376 34,649 .082 .066 .064 .065 .074 .078 .085 .083 277,523 282,639 300,468 308, 948 296,770 26,977 27,089 29, 562 29, 313 24,851 217, 394 221,891 237,186 245, 477 238,156 33,152 33,659 33, 720 34,158 33, 763 .069 294, 726 22, 724 .077 33, 717 LEATHEll Sole and belting: Exports (sole only) thous. of lbs_. Price, oak, scoured backs (Boston) dolls, per lb_. Production, total thous. of lbs_. Sole only..thous. backs, bends, and sides.. Stocks end of monthFinished thous. of lbs_. In process of 1 anning thous. of Ibs.. Upper leather: Exports thous. of sq. ft.. Price, wholesale, composite, chrome, calf, black "B" grade. ...dolls per sq. ft... Production thous. of sq. ft_. Stocks, end of monthFinished thous. of sq. ft-. In process of tanning thous. of sq. ft.. 259 1,442 1,143 983 652 459 546 53i 309 280 213 188 242 .31 .37 20,406 1,137 .37 18,388 1,034 .37 19, 522 1,076 .37 19, 281 1,097 .40 19, 837 1,160 .39 18, 765 1,088 .35 19, 531 1,127 .32 17, 053 1,003 .32 17, 111 1,011 .32 16,673 977 .33 15, 070 874 .33 16,642 972 85, 626 67, 070 81, 906 67, 212 81,319 68, 931 80, 773 69,172 83,463 69,850 86, 348 68, 705 88, 358 66,244 63, 770 60,494 85,816 62,622 9,211 9,234 7,463 6,635 6,529 7,926 9,718 I 6,418 6,550 8,094 .356 1 .356 62,536 ! 60,542 .352 63, 229 .350 67, 234 .348 69, 626 .337 65, 543 .330 60, 682 50,120 .290 55,081 .285 60,982 257,195 ! 254,142 250, 6J 2 246, 424 250, 478 254,306 267, 705 272,328 270,673 261,588 253, 599 125,722 | 124,330 126, 684 128, 425 131,095 126,146 116,578 115,028 116,212 120,178 121,967 258, 594 119, 784 191,120 j 171,968 182, 077 164, 205 223, 837 226, 754 233,394 243,948 i 129,569 I 112,004 135,060 101,734 I 98,811 102, 071 92, 866 119,512 121, 601 134,768 112,061 | 69,781 55,908 69,067 89,386 j 73,157 80,006 71, 339 104, 325 105,153 98, 626 131, 887 i 59,788 | 56,096 65,993 147,622 75,210 72,412 87,196 68,933 5,828 .270 8,752 .323 48,262 .320 49,405 LEATHER MANUFACTURES Gloves and mittens: Production (cut), total Dress and street Work 2 Revised. dozen pairs.. dozen pairs.. dozen pairs.. SURVEY OF CURRENT BUSINESS 44 Earlier data, together with explanatory footnotes, may he found in the 1932 Annual Supplement to the Survey June, 1932 1931 1932 April April May June July August 1932 Se berm~ October F *r iM-* Novem- Decem- January ber ber LEATHER AND LEATHER PRODUCTS—Continued LEATHER MANUFACTURES— Contd. Shoes: Exports thous. of pairs.. Prices, wholesaleMen's black calf blucher, Boston dolls, per pair-Men's black calf oxford, lace, St. Louis dolls, per pair.. Women's colored calf, Goodyear welt, oxford, average-dolls, per pair_. Production, total ..thous. of pairs.. Men's thous. of pairs. _ Boys' and youths'. ..thous. of pairsWomen's -.thous. of pairs. . Misses' and children's thous. of pairs.. Slippers, all types thous. of pairs.. All other footwear thous. of pairs.. ! 93 177 i 194 167 140 132 142 136 136 113 58 71 94 5.75 6. 75 6. 75 6. 75 G. 75 6.75 6.75 6.55 6.31 j 6.25 5.75 5.75 5. 75 4.25 4.60 i 4.60 4.49 4.35 4.35 4.35 4.35 4.35 4.35 4. 25 4. 25 4.25 3. 90 3. 75 27,839 28,614 7,244 7,349 1,605 1.739 9,590 10,400 2,835 : 2,846 2,974 • 3,431 3,585 i 2,849 3.75 33,475 8,245 2,078 13, 103 3,140 3,931 2,978 3.75 31,293 7, 423 1,891 11,883 2, 785 4.171 3,040 3.75 25, 381 6,129 1,776 8,133 2,105 4,717 2, 521 3. 75 18,518 5,107 1,449 3,864 1,854 4,317 1,927 ! 3.50 ! 19,556 1 5,354 ! 1,485 ; 5,419 ! 2,579 I 2,642 i 2,077 3. 50 21,225 5,176 1,423 8,233 2,824 1,109 2,460 3. 50 25,958 i 5,853 ! 1,490 ! 10,560 ! 3,413 : 1,678 i 2,964 3.50 30, 500 6,644 1,661 12, 200 3,872 2,253 3,870 3.50 3. 90 29,888 6,641 1,768 11,042 3,846 2,454 4,137 3. 90 ; 28,452 i 6,735 i 1,647 10,058 i 3,128 i 2,812 4,072 LUMBER AND MANUFACTURES LUMBER Exports all type^ - M ft. b. rn_. Retail m,ovement: Retail yards, 9th Fed. Res. Dist.— Sale^ M ft. b. m._ ^tocks end of month Al ft. b. m Retail yards, 10th Fed. Res. Dist.— Sales q -_M ft. b. m _ _ ^tock end of month M! ft. b. in-- 73, 675 135, 771 143, 558 4,124 09, 025 7,767 80, 816 2, 159 32, 553 120, 501 120, 354 99, 633 89, 502 85, 234 77, 877 87, 520 84, 433 65, 063 61, 304 8,451 80, 051 10, 084 8, 513 79,017 | 78,274 9, 457 76, 554 8, 314 73, 002 9,255 68, 318 6,379 65, 480 2, 932 63, 374 2,808 64, 928 1,723 66, 638 2, 379 68. 575 3,368 39, 534 3, 421 38, 816 3, 432 37, 718 3, 745 37, 279 3,280 36, 966 3,249 36, 245 3,481 35, 207 2, 599 34, 718 1,697 34, 183 1,593 33, 458 1,402 33, 054 1, 842 33, 028 3, 679 5, 312 3,326 3,226 24, 191 3,327 4.604 2,629 3, 315 23, 467 4, 245 3, 712 4, 955 4. 772 3,116 2,737 3, 778 3, 447 21,821 ! 21,321 3,312 4,183 2,973 3,397 21, 130 2,783 3,775 3,134 3, 144 20, 189 2. 760 3,778 2,812 2, 703 20, 042 3,368 4, 851 2,797 2,481 20, 216 2,342 5,083 3,027 1,928 21, 438 1,742 4,911 2,272 1,759 21,511 2,2C3 5, 072 2,570 2, C61 21, 588 2,210 4,648 3,424 2, 495 22, 702 28, 575 34, 095 25, 147 28, 155 76, 783 24, 710 30, 235 24, 505 27, 745 76, 753 21, 065 26, 390 30,176 ; 21,204 20, 984 li 24, 120 23,131 25,691 67,619 ! 64,798 18, 631 18. 194 21, 736 21, 464 65, 004 16,928 17, 590 22, 425 19, 486 65, 696 15, 973 15,589 19, 299 18,203 67. 103 13,526 14, 334 15,744 13,907 68, 293 16, 676 17, 987 13, 457 12. 976 67, 748 17, 537 22, 251 4, 098 11,673 60, 781 S, 150 19, 189 7,968 11,359 56, 201 10, 442 15, 864 13,101 13, 360 57, 521 154 463 146 161 3,175 2,713 158 431 146 169 3,149 2,718 176 ! 419 143 ! 161 i 3, 126 i 2, 707 | 131 375 101 143 3,020 2,645 131 387 105 131 2,960 2, 559 131 374 105 135 2, 915 2 542 131 370 105 128 2, 893 2, 524 105 367 86 109 2,854 2,487 120 356 68 120 2, 791 2,434 105 315 83 124 2,734 2, 419 2113 292 290 116 2,671 2,379 101 694 593 100 686 586 108 i 683 ! 575 ! 102 653 551 92 634 542 98 615 518 91 607 516 92 595 504 84 560 476 80 549 470 69 542 473 70 532 463 120 935 814 105 914 809 88 890 803 | 81 864 783 70 853 783 79 840 761 85 827 742 85 813 728 95 805 711 87 775 688 76 748 673 64 710 646 12, 767 12, 806 10, 820 10, 330 11,878 11, 690 6,173 9, 846 5,864 13, 445 3,210 14, 907 2,617 15, 378 3,517 12, 690 6,382 12, 137 8,220 12, 435 9,900 11,892 8,258 5,432 1,393 3,279 1,141 1,506 15, 893 1, 181 3,151 1,382 1,277 15, 990 996 2, 918 1, 075 1, 223 15, 837 1, 574 2, 981 624 1. 853 14, 543 1,252 2, 821 887 1. 472 13, 926 1,861 2,934 1,037 1, 786 13, 176 1,463 2,173 1, 405 1,720 12, 825 1,148 2,101 1,110 1.121 12, 745 786 1, 974 886 915 12, 606 861 1,680 486 837 12, 279 691 1,761 528 662 12,880 721 1,516 483 738 12, 600 38, 787 18, 020 36, 714 21,874 29, 549 19, 007 29, 448 20, 737 41, 785 21, 468 21, 362 13, 324 18, 789 26, 437 158,915 125, 341 151, 305 81, 472 135, 637 105, 197 115, 046 85, 501 125, 789 113, 703 112,360 111,017 114, 150 101, 168 Flooring Maple, beech, and birch: Orders— N[ew 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. ft. ft. ft. ft. b. m_ b. m._ b. m _ _ b. m_. b. m__ ^f ft- b. m__ M ft. b. m.. ^ ft- b. m._ M ft. b. m.. _.M ft. b. m__ 12, 090 15, 753 12, 091 12, 555 56, 066 Hardwoods Hardwoods, total (Southern and Appalachian districts) : Orders— .„ ri , New mill. ft. b. m._ 105 272 Unfilled", end" of month mill. ft. b. m._ 101 Production.. mill. ft. b. m__ 113 Shipments .mill. ft. b. m__ 2,648 Stocks, total, end of month... mill. ft. b. m__ Unsold stocks mill. ft. b. m _ _ 2,37G Gum: Orders, unfilled, end of month-mill, ft. b. m.. 69 Stocks, total, end of month -..mill. ft. b. m _ _ 528 Unsold stocks _ . ..mill. ft. b. m_. 460 Oak' Orders, unfilled, end of month-mill, ft. b. m__ 64 Stocks, total, end of month. ..mill. ft. b. m__ 705 Unsold stocks mill. ft. b. m . 641 Northern hardwoods: Production M ft. b. m__ Shipments M ft. b. m _ _ i Walnut: OrdersNew -- -M ft. b. m Unfilled, end of month M ft. b. m..| Production .. M ft. b. m..1 ... . Shipments ...M ft. b. m .!: Stocks end of month M ft. b. m _ 139 402 109 139 3, 065 2, 662 Softwoods Fir, Douglas: * Exports69, 043 45, 308 63, 159 47,766 53,088 Lumber M ft. b. m__ 22, 344 25. 155 35, 718 18, 186 37, 573 55, 586 Timber Mft.b.m.. 24, 150 Orders224, 272 188, 907 191,146 i 181,297 188, 460 New Mft. b. m _ _ 215, 766 135, 637 162,944 ! 165,630 1] 1,017 Uhfilled end of month M ft. b. m Price, wholesale11. 25 10. 64 10.97 11.64 12.12 9.52 No. 1 common dolls, per M ft. b. m__ Flooring, 1x4, " B " and better 25. 29 28.33 25. 98 25. 76 29.74 dolls, per M ft. b. m__ 22.42 201, 889 206, 813 199,651 ! 149,067 171,897 Production M^ ft b. m 200, 099 221, 586 197,413 i 173,240 175, 030 Shipments Mft.b.m..! _ _ Hemlock, northern: i 10, 013 10, 128 9,991 9,893 8,616 Production M ft. b. m ! _ 9,554 | 8,640 7,864 7,894 7,437 Shipments Mft.b.m..! _ Pine, North Carolina: 30, 338 27, 013 24, 276 31,241 30, 233 Production M ft b m 34, 293 30, 408 32, 375 34, 454 31, 780 Shipments.... Mft.b.m._|__ ' Data for May, August, October, and December are for 5 weeks; other months 11.27 11. 21 11.23 11.09 11.40 10.25 9.90 25.48 155, 334 166, 525 25.63 149. 962 162, 049 24.35 115,941 126, 684 23.51 102,511 113,703 22.84 99, 378 118,627 22.49 115,941 96, 244 21.87 102,511 115,941 4,804 7,531 3, 928 7,811 3, 581 6,366 3,028 4,461 3,443 4,682 3,940 3, 465 3,983 4,352 24, 640 33, 320 27, 370 33, 110 26, 670 35, 350 25, 760 30, 310 4 weeks* *Revised. SURVEY OF CURRENT BUSINESS June, 1932 1933 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 45 1932 1931 April April I May June July [ August October Novem- j Decem- j January j Februber ! ber March LUMBER AND MANUFACTURES—Continued LUMBER-Continued Softwoods — Continued Pine, northern: Orders, new M ft. b. m _ _ 6,543 Production M" ft b m 2 267 Shipments M ft. b. m 8 588 Pine, southern: ExportsLumber. _. ... M ft. b. m__ 22, 905 Timber M ft. b. m 9 836 Orders — New M ft. b. m 110 397 Unfilled, end of month M ft. b. m . 62 475 Price, flooring dolls, per M ft. b. m-_ 20. 91 Production _. M ft. b. m 108 224 Shipments M ft b m 116 963 Redwood, California: OrdersNew M ft. b. m 17 053 Unfilled M ft b m 24 043 Production M ft. b. rn-_ 12, 292 Shipmenis . ... M ft. b. m 16 545 FURNITURE Household: Grand Rapids district — Orders— Canceled per cent of new orders. _ New . . no. days' production Unfilled, end of month no. days' production Outstanding accounts, end of month no. days' sales Plant operations per cent of full time-. Shiprnents__ no. days' production Southeastern district — Orders, unfilled, end of month dolls., average per firm.. Shipments dolls., average per firm_. Prices, wholesaleBeds 1926=100 Dining-room chairs, set of 6 1926=100-. Kitchen cabinets 1926=100... Li ving-room davenports 1926= 100- _ Steel furniture. (See Iron and Steel Section.) 170 7 13, 619 19 636 14, 335 11, 421 18 140 12 476 11, 159 17 657 11 622 9,850 12 459 10 791 10, 119 9 931 10 420 9,043 3 717 10 857 8,957 1 396 9 657 7,079 7,673 7,284 7,812 7,477 7,837 5 572 7 401 8,829 8,264 32, 544 10 256 34, 067 5 827 30, 278 12 535 29 925 8 745 21 956 7 888 18 936 5 663 20 895 5 017 18, 425 4 056 25, 793 8 636 16 457 3 931 20, 039 3 668 20, 105 4 320 169 015 104 307 28.32 165 325 180 306 157 920 83, 958 28.82 148 048 165 004 140 322 83 475 28. 15 126 739 138 663 146 860 83 013 27.82 121 994 151 488 151 484 82 551 27.78 119 828 155 511 138 204 74 235 27.21 116 511 142 170 134 757 58 464 26.49 117 241 142 254 111,307 62, 013 26.31 110 803 108 668 72 751 50 925 26.31 77 749 73 059 105 553 60 837 25. 16 79 979 90 001 119 329 73 773 22.74 88 727 117 478 126 728 76, 668 21.22 104, 114 122 706 22 480 22 290 18, 761 21 898 19 290 20 237 17,616 21 568 19 321 20 376 16, 429 18 253 16 576 19 331 14,717 18 131 15 386 17 380 16, 270 17 323 16 007 17 585 14, 760 15 734 18 636 20 485 15, 931 17 055 16 383 21 929 14, 436 15 333 11 079 17 138 14, 684 15 025 17, 133 21 932 13, 616 13 077 17 555 23 987 12, 202 14 984 18, 999 24 374 14, 523 17, 545 8.0 13 13.0 9 4.5 27 6.5 13 7.0 15 8.0 16 8.5 14 6.5 15 8.0 11 5.0 16 14.0 11 9.0 9 o o o o o 7 15 11 23 22 20 15 11 13 12 17 13 10 26 540 7 33 67.0 13 31 70.0 11 32 74.0 12 32 80.0 14 36 73.0 16 39 72.0 19 38 83.0 17 35 31 32 33 29 72.0 12 56.5 11 68.0 11 73.0 13 59.0 11 28, 248 52, 390 19, 338 46, 431 56, 865 43, 077 47, 997 55, 063 47, 706 59, 223 42, 180 66, 042 22, 100 64, 122 16, 268 35, 388 14, 469 23, 519 24, 278 33, 632 18, 469 46, 304 15, 427 37, 944 90 7 94.0 102.9 93.2 86 8 94.0 102.9 89.8 85.2 93.0 102.9 89.8 85 2 92.1 102.9 88.6 82 9 92.1 102.9 88.2 80.4 92.1 100.1 84.2 73. 1 91.0 100.1 82.0 73 1 91.0 100.1 82.0 73. 1 91.0 100.1 74.2 70.3 91.0 95.3 74.2 68.8 91.0 95.3 74.2 68.8 91.0 95.3 74.2 68 8 91.0 95.3 69.8 METALS AND MANUFACTURES IRON AND STEEL Foreign trade, iron and steel: Exports long tons Imports - . -long tons.. Price, iron and steel, composite dolls, per long ton Sales, iron, steel, and heavy hardware 1921 = 100 58, 118 29, 414 101, 434 40, 606 95, 046 29, 689 75, 577 30, 987 84, 465 28, 255 73, 338 21, 898 69, 778 24, 509 59, 335 23, 335 59, 556 23, 104 57, 263 18, 125 40, 660 25, 346 40, 492 20, 302 49, 927 35, 434 29. 75 31.61 31.39 31.02 31.05 31.05 31.03 30.81 30.61 30.32 29.98 29.56 29.62 134 129 124 117 110 112 109 91 81 68 70 78 2,826 163 2,675 194 2,114 122 1,832 128 1,652 92 1,470 99 1,451 70 1,311 94 1,230 1,154 1,174 89 77 1,256 90 9 106 176 599 656 1,769 2,369 1,428 3,808 3,191 1,735 4,956 3,229 1, 658 5,065 2, 873 1,440 4,179 2,029 1.162 3,094 457 277 421 0 0 0 0 0 0 0 0 0 0 0 28, 722 23, 292 5 430 27, 115 21, 968 5,147 28, 713 23, 556 5, 157 31,817 26, 451 5 366 35, 071 29, 385 5 686 37, 972 31, 998 5 974 39, 767 33, 687 6,080 39, 232 33, 184 6,048 38, 010 32, 136 5,874 36, 893 31, 083 5,810 35, 742 29, 975 5,767 34, 491 28, 774 5,717 33 21 37 38 22 27 21 9 8 17 3 2 123 105 82 92 79 82 86 55 58 66 69 60 55 71 59 69 Ore Iron ore: Consumption by furnaces _ .thous. of long tons. _ 1,040 Imports thous. of long tons. . 90 Receipts: Lake Erie ports and furnaces .thous. of long tons. _ 0 Other ports _. -thous. of long tons.. 26 44 Shipments from mines . .thous. of long tons_. Stocks, total, end of month thous. of long tons.. 33, 479 At furnaces thous. of long tons. _ 27, 962 5,517 Lake E rie docks thous of long tons Manganese ore imports (manganese content) 14 thous. of long tons 46 0 Iron, Crude and Semimanufactures Castings, gray-iron: Orders — New av. tons per foundry.. 80 Unfilled, end of month I av. tons per foundry.. 64 Production av. tons per foundry 67 Receipts (materials).- -av. tons per foundry. J 76 Stocks (materials) av. tons per foundry.. 266 Castings, malleable: Orders, new . ._ short tons 17, 630 Production short tons__ 16, 758 Per cent of capacity 18 0 Shipments short tons J 18, 328 Pig iron: Furnaces in blast, end of month— Capacity _ long tons per day.J 27, 730 Number.__ 60 93 122 140 252 77 126 134 232 36, 507 36, 682 36.3 38, 342 28, 716 31,964 32.1 36, 957 66, 980 113 61, 085 105 60 108 123 229 70 101 117 226 70 99 123 231 68 111 137 260 67 96 116 243 48 77 87 225 40 69 56 70 72 215 22,495 24, 248 24.5 28,602 ' 19, 667 20, 223 20.0 23, 985 18, 705 18, 821 18.9 20, 904 17, 854 18, 485 18.6 18, 727 18, 558 20, 444 20.4 17, 802 18, 971 17, 984 18.3 18, 336 50, 855 91 45, 230 82 39, 085 76 38, 600 73 36, 530 70 35, 810 67 103 248 82 240 258 19,811 21, 503 21.5 20, 206 22, 036 22, 216 23.5 21,572 19, 709 21, 578 23.1 21, 325 18, 046 19, 597 20.5 21, 337 29, 365 30, 630 32, 880 29,135 60 56 61 64 SUEVEY OF CURRENT BUSINESS 46 1931 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey April June, 1932 April | May 1 June July 1932 Decem- January FebruOctober NovemAugust September ber ber ary March METALS AND MANUFACTURES—Continued IRON AND STEEL-Continued Iron, Crude and SemimanufacturesContinued Pig iron— Continued: Prices, wholesale— Basic (valley furnace) .dolls, per long ton.. Composite pig iron dolls, per long ton-Foundry, No. 2, northern (Pitts.) dolls, per long ton. _ Production thous. of long tons_. 14. 50 15.20 16.50 16.75 16.25 16.64 15. 50 16.40 15.50 16.38 15.50 16.38 15.50 16.32 15.25 16.23 15.00 16.02 15.00 15.86 15.00 15.55 14.63 15.36 14.50 15.26 16.89 853 18.76 2,020 18.76 1,994 18.76 1,639 18.76 1,463 18.76 1,281 18.76 1,169 18.39 11,73 17.76 1,103 17.46 980 17.36 973 17.02 964 16.89 967 227, 605 174, 244 178, 101 201, 956 208, 072 158, 495 150, 227 154, 650 156, 769 155, 723 195, 946 257, 941 149, 057 148, 749 166, 923 159, 568 213, 852 288, 422 997, 191 1,014,298 1,069,407 1,088,609 1,105,878 978, 351 105, 181 247, 732 270, 880 842, 371 75, 683 146, 023 147, 698 740, 613 55, 602 83, 230 83, 494 705, 124 131, 871 54, 274 44, 848 770, 108 77, 122 57, 713 55, 970 783, 264 41, 824 64, 691 57, 571 760, 398 Iron, Manufactured Products Cast-iron boilers: Boilers, gas-fired — Production Shipments, quantity Shipments, value Stocks, end of month Boilers, rangeOrders— New _ Unfilled, end of month, thous. of B.t. u_. thous. of B. t. u__ dollars thous. of B. t. u__ no. of boilers. _ total no. of boilers __ Delivery, 30 days or less. _no. of boilers. _ Delivery, more than 30 days _no. of boilers Production no. of boilers Shipments _no. of boilers.. Stocks, end of month no of boilers Boilers, round — Orders, new thous. of lbs._ Production __thous. of lbs__ Shipments thous. of Ibs Stocks, end of month thous. of lbs_. Boilers, square— Orders, new thous. of Ibs Production thous. of lbs__ Shipments thous. of Ibs Stocks, end of month thous. of lbs_. Boiler fittings, cast iron: Production short tons Shipments _. short tons Boiler fittings, malleable: Production short tons.. Shipments _ .short tons Radiators: Orders, new thous. of sq. ft. heating surface Production, .thous. of sq. ft. heating surface.. Shipments.. .thous. of sq. ft. heating surface. _ Stocks, end of month thous. of sq. ft. heating surface.. 40, 148 43, 287 41, 768 39, 428 39,066 35, 674 42, 109 46, 680 37, 427 26,066 40, 816 36, 059 40, 250 6,437 4,787 16, 596 8,599 16, 620 9,944 15, 047 12, 752 8,077 5,922 10,115 8,054 10, 470 8,470 7,023 5,423 7,520 6,309 6,992 6,092 8,790 7,240 7,466 5,760 6,237 4,789 1,650 38, 458 39, 948 24, 690 7,997 48, 250 47, 148 26, 510 6,676 43, 799 41, 744 28, 565 2,295 42, 012 41, 001 29, 576 2,155 44, 611 46, 036 28, 151 2,061 32,003 33, 636 26, 518 2,000 39, 211 41, 754 23, 975 1,600 51, 769 50, 127 25, 617 1,211 37, 918 36, 930 26, 605 900 32, 862 26, 743 33, 464 1,550 32, 975 39, 018 27, 421 1,706 36, 883 37, 383 26, 921 1,448 40, 738 41, 479 26, 180 3,741 6,553 4,232 60, 221 4,525 5,069 4,787 59, 770 4,948 4, 654 5,055 59, 876 5, 520 3,977 6,071 57, 274 7,204 4,662 7,309 53, 558 9,148 4,678 10, 262 48, 095 11.731 6,502 13, 923 41, 257 8,406 5,228 8,497 36, 872 4,194 3,159 5,094 35,411 4, 317 3, 035 36, 036 4, 466 2, 857 36, 846 3,931 2,891 38, 026 8,091 15, 981 8,448 136, 840 10,049 13, 140 9, 537 139, 773 12, 200 13, 256 11, 422 141, 522 14, 765 13, 028 15, 184 139, 469 19, 967 15, 264 19, 413 137, 143 22, 547 14, 231 25, 328 124, 657 27, 999 19, 751 31, 479 113, 226 19, 029 11,741 19, 137 106, 617 10, 908 7,964 12, 193 101, 777 14,246 | 15,179 8, 275 7, 300 108, 388 115, 244 15, 733 8,037 122, 630 5,603 5,379 4,976 5,088 4,165 4,508 4,059 4,779 3,650 4,442 4,592 5, 822 5,475 7,638 5,381 4,778 3,621 3,564 2, 861 3, 852 2, 206 3, 195 2,052 2,552 3, 075 2,995 2,471 2,784 2,365 2,489 2,114 2,330 1,959 2,041 2,466 2,964 2,973 3,610 2,412 2,026 1,620 1,609 1,602 i 1, 627 1,464 1, 518 1,133 1,344 4,330 5,957 4,293 4,863 5,164 5,003 6,428 5,025 5,759 6,606 4,194 6,834 8,365 4,572 7,960 8,508 5,090 9,262 10, 342 7,292 11, 282 8,302 5,560 8,465 4,413 3,489 5,627 4,867 3,257 5, 185 2, 683 5, 027 2, 412 50, 632 50, 953 50, 183 47, 414 44, 834 40, 549 36, 798 34, 388 32, 225 33, 681 36, 153 38, 856 203, 283 192, 246 636, 388 147, 999 162, 497 621, 890 163, 462 144, 466 640, 886 160, 401 153, 126 648, 161 154, 106 166, 839 629, 268 121, 490 104, 849 645, 909 64, 968 64, 403 661, 800 47, 416 66, 547 642, 669 43, 228 17, 110 43, 584 145, 140 46,704 15, 892 47, 922 138, 759 35, 463 13, 722 37, 633 139, 496 33, 578 12, 320 34, 980 134, 392 35, 703 12, 001 36, 022 131, 858 24, 445 10, 973 25,473 126, 718 13, 686 8,866 15, 793 129, 726 49, 181 18, 308 50, 575 209, 841 53, 226 17, 949 53, 585 192, 552 43, 521 16, 208 45, 262 190, 226 41, 489 14, 325 43, 372 176, 825 43, 238 12,600 44, 963 169, 509 30, 269 12, 025 30, 844 161,911 17, 083 10, 161 18, 947 162, 033 49, 928 17, 818 51, 676 255, 269 52, 241 16, 196 53, 863 245, 354 43, 174 14, 463 44, 907 236, 005 43, 518 14,911 43, 070 226, 440 44, 287 12,761 40, 437 224, 726 34, 997 13, 595 34, 163 212, 783 19, 786 10, 286 23, 095 212, 825 27, 463 13,511 26, 453 98, 384 27, 106 11,535 29, 082 94, 260 27, 324 10, 786 28, 073 86, 455 21,911 10, 466 22, 231 86, 640 26, 854 11,145 26, 175 86, 401 17, 418 10, 845 17, 718 83, 492 8,959 9,034 10, 770 82, 487 232, 672 246, 858 251, 544 307, 068 255, 782 197, 080 233, 267 Sanitary Ware Bathroom accessories: Production. _ no. of pieces.. 181, 955 189, 979 Shipments no. of pieces 177, 051 192, 848 Stocks, end of month no. of pieces,. 628, 220 625, 351 Enameled sanitary ware:* BathsOrders— New.. __ no. of pieces 42, 991 40, 111 Unfilled, end of month no of pieces 17, 466 19, 987 Shipments no. of pieces 45, 512 40, 449 Stocks, end of month ... .no. of pieces 163, 037 152, 206 Lavatories— OrdersNew . no. of pieces 51, 395 45, 440 Unfilled end of month no of pieces 19, 702 22, 827 Shipments no. of pieces.. 43, 221 54, 520 Stocks, end of month no of pieces 232, 277 218, 067 Sinks kitchenOrders — New number of pieces 52, 771 54, 693 Unfilled, end of month number of pieces 21, 718 19, 566 Shipments _ .number of pieces 49, 443 56, 845 Stocks, end of month number of pieces_. 273, 154 260, 426 Miscellaneous— OrdersNew number of pieces 22, 995 21,243 Unfilled, end of month number of pieces 15, 748 12, 501 Shipments number of pieces 21, 719 24, 490 Stocks, end of month ..number of pieces 107, 917 101, 673 Enameled sheet metal ware shipments dozen pieces.. 281, 339 264, 953 Price, wholesale, plumbing fixtures (6 pieces) __ dollars 98.84 99.16 Porcelain enameled flatware: Orders, new, total... ._ dollars _. __ _. 670, 171 716, 502 Signs dollars 242, 938 283, 526 Table tops dollars 161, 172 148, 700 Shipments, total ..dollars.. 691, 107 739, 656 Signs dollars 256, 906 290, 429 Table tops dollars 160. 892 151. 647 * Not available since December, 1931; expected to be resumed. 98,810 1 83,045 94,835 1 85,626 646, 644 644, 063 1 i. 198, 878 1 270, 198 "" 276, 725 98.96 98. 91 97.77 96.32 96. 12 94.15 93. 52 88.32 88.42 84.37 637, 688 249, 455 132, 869 706, 838 290, 032 140, 545 649, 894 245, 943 168, 362 690, 801 278, 732 163, 979 564, 093 170, 313 128, 350 638,431 229, 459 131,675 701, 487 213, 856 175, 642 704, 428 222, 332 180. 650 706, 284 206, 012 205, 756 692, 415 182, 077 201. 935 465, 431 159, 107 110, 963 492, 242 168, 489 123. 793 451, 740 224, 287 83, 056 512, 019 268, 259 88. 218 537, 926 234, 015 97, 390 381,607 141,231 94. 926 453, 141 207, 824 72, 821 461, 070 187, 287 76. 662 565, 952 259, 444 94, 843 576, 282 277, 744 93, 174 SUEVEY OF CURRENT BUSINESS June, 1932 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey April 47 1931 April May June July 1933 Decem- January FebruAugust September October O™»ber ary N March METALS AND MANUFACTURES—Continued IKON AND STEEL— Continued Sanitary Ware— Continued Porcelain plumbing fixtures: OrdersNew, net _ number of pieces. _ Unfilled end of month._number of pieces. _ Shipments number of pieces.. Stocks, end of month number of pieces.. Vitreous china plumbing fixtures: OrdersNew, net number of pieces.. Unfilled, end of month_.number of pieces.. Shipments number of pieces-Stocks, end of month number of pieces. . Woodwork, plumbers': Orders— New, net number of pieces Unfilled, end of month number of pieces Shipments number of pieces Stocks, end of month number of pieces.. _ 1, 244 3,379 1,275 16, 309 6,898 32, 541 4,093 28, 248 4,824 11,387 4.665 28, 394 6,213 10, 804 5,237 27, 850 5,796 10, 476 5,577 24, 641 4,571 7,697 5,761 25, 236 4,740 7,104 4,533 23, 450 3,142 5,887 3,683 21, 957 2,918 6,072 2,544 19, 597 2,025 4,832 2,094 17, 992 2,000 3,796 2,951 16, 715 116,036 141, 423 114,633 560, 152 93, 108 209, 507 117,105 597, 476 119, 922 200, 855 128, 574 593, 268 136, 285 202, 591 134, 549 574, 304 121, 324 188, 623 135, 292 554, 939 122, 977 172, 595 139, 005 533, 305 116,794 161, 435 127, 954 529, 531 182, 938 188, 969 155, 404 506, 901 135, 931 199, 009 125, 891 501, 972 96. 004 192, 863 102, 150 522, 721 76,119 156, 753 112,229 524, 131 70, 918 2 89, 046 140, 020 136, 593 91, 07* 2 85, 619 536, 245 2 570, 727 118,510 109, 556 127, 055 204, 586 135, 674 119,578 125, 652 211,972 122, 642 114, 821 126, 368 200, 227 101,784 108, 080 108, 525 211, 622 106, 928 96, 650 118,358 203, 213 110,372 100, 556 106, 466 199, 308 100, 275 89, 409 111,422 191, 933 100, 194 88, 895 100, 708 190, 034 99, 791 88, 150 100, 536 201, 837 84, 514 79, 233 93. 431 167, 562 78, 293 79, 027 78, 499 166, 779 25, 141 22, 768 16, 360 14, 413 12, 600 11, 576 13, 034 12, 182 13, 808 15, 457 12, 810 9,901 46, 039 16, 195 32 48, 282 12, 843 33 39, 052 11, 306 27 43, 154 12, 071 30 26, 136 7,597 18 35, 018 9,410 24 32, 869 13, 621 23 31, 751 8,412 22 27, 458 6,848 19 30, 186 8,657 21 23, 073 6,023 16 26, 948 7,265 19 22. 854 6,961 16 24,113 7,366 17 20, 001 7,169 14 23, 139 7,001 16 20, 799 6,936 14 22, 064 6,166 15 17, 344 4,279 12 18, 456 4,666 13 17, 015 3,400 12 18, 759 4,265 13 16, 588 4,005 11 20, 464 4,370 14 2,722 49 2,506 45 2,076 38 1,886 34 1,719 31 1,548 28 1,592 28 1,594 30 1,302 24 1,461 27 1,460 28 1,411 25 .0222 .0221 .0219 .0220 .0219 .0220 .0218 .0218 .0216 .0211 .0211 .0217 29.00 29.00 29.00 29.00 28.80 27.75 27.00 27.00 .0160 8.000 .0160 8.000 .0160 7.800 .0151 7.500 . 0153 7.156 .0156 7.125 1,424 3, 548 1, 631 16, 328 2,072 3,571 1,748 16, 117 80, 960 75, 215 84, 772 162, 620 Steel: Crude and Semimanufactured Bars,steel,cold finished,shipments .short tons.. 11,818 Castings, steel: Orders new total short tons 12, 807 Railroad specialties ... short tons.. 2,889 Per cent of capacity 9 Production, total. short tons__ 17,463 Railroad specialties short tons . 3,895 Per cent of capacity 12 Ingots, steel: Production. thous. of long tons.. 1,240 Per cent of capacitv 23 Prices, wholesale: Composite, finished steel dolls, per lb_. .0217 Steel billets, Bessemer (Pittsburgh) dolls per long ton.. 27.00 Structural steel beams (Pittsburgh). dolls, per Ib .0160 Steel scrap, Chicago dolls, per gross ton.. 7.000 U. S. Steel Corporation: Earnings, net _ _ _ thous. of dolls. _ Orders, unfilled, end of mo thous. of long tons. . 2,327 30.00 29. 50 29.00 29.00 0.165 9.813 .0165 8.875 .0165 8.750 .0165 8.750 .0160 8.375 .0160 8.200 5,136 4,183 4,499 3,662 2,960 2,559 1,690 1,249 1,032 3,898 3,620 3,479 3,405 3,169 3, 145 3,119 2,934 2,735 2,648 2,. 546 2,472 1,195 591, 399 41.9 600, 566 50, 328 1,053 610, 788 43.1 618, 801 42, 315 1,078 552, 955 38.9 549, 781 45, 489 939 580, 565 40.7 581, 450 44, 604 1,030 449, 590 31.6 455, 502 38, 692 914 451, 562 31.7 452, 960 37, 294 638 489, 555 35.3 492, 145 34, 704 549 453, 547 32.7 444, 201 44, 050 620 382, 483 27.9 385, 435 35, 179 925 359, 685 26.2 352, 135 42, 729 1,176 367, 472 25.3 369, 882 40, 319 1,139 448, 148 30.7 448, 107 40, 360 786 655 564 624 642 788 652 786 560 797 659 864 435 644 401 471 383 399 267 282 245 204 373 264 689 497 754 1,424 896 1,481 1,306 897 1,305 1,272 948 1,221 1,092 966 1,074 1,010 919 1,057 1,059 790 1,188 1,114 826 1,078 910 780 956 911 615 1,075 967 605 977 751 548 808 794 562 781 192 261 191 408 383 423 506 480 409 452 483 449 328 441 371 307 390 358 304 383 310 304 378 310 267 419 226 295 273 299 267 272 269 212 255 229 265 260 259 153 214 148 92 302 256 348 179 312 313 255 172 269 339 243 122 239 313 265 96 221 314 221 84 189 301 202 83 184 263 222 85 187 238 212 80 183 189 210 81 167 225 131 121 220 279 165 115 166 209 237 99 14, 196 1,400 29, 916 7,749 26, 210 2,411 22, 806 4,679 27, 261 4,136 24, 282 1,138 33, 473 4,024 20, 839 1,955 18, 268 1,755 16, 442 778 17,613 4,783 17, 755 4,115 12, 564 1,161 103, Oil 99, 510 101, 559 26.6 104, 637 116, 339 71,318 191, 987 325, 169 213, 608 58.2 211,118 176, 846 85, 415 148, 612 296, 731 201, 846 56.6 191, 942 169, 444 82, 532 163, 599 304, 107 147, 843 40.3 156, 160 168, 013 75, 618 144, 461 203, 358 174, 890 46.3 178, 460 160, 959 77, 953 122, 849 170, 122 123, 752 34.9 151, 529 149, 533 75, 288 120, 688 167, 366 116,842 32.0 123, 371 143, 153 67, 337 117, 195 159, 367 122, 739 33.1 129, 365 137, 243 70, 465 102, 867 147, 169 102, 758 26.7 94, 975 133, 296 74, 763 99, 706 119, 677 101, 570 26.3 103, 400 126, 540 80, 191 121, 258 126, 508 118,921 31.2 112, 971 119,288 73, 540 108, 441 118, 022 124, 157 32.5 116, 715 124, 342 72, 857 101, 559 102, 171 110, 559 29.0 117, 685 124, 008 68, 677 64, 400 16 68, 000 17 3,340 284, 800 152, 400 38 145, 200 36 7.453 172, 400 43 159, 200 40 5.705 159, 600 40 180, 800 45 4,409 124, 000 31 167, 600 42 3.924 194, 400 49 149, 200 37 3,472 109, 200 27 143, 600 36 2.162 90, 800 23 111,600 28 1.948 97, 600 24 122, 800 31 2.373 48, 400 12 65, 600 16 2.936 62, 000 16 78, 000 20 2,765 64, 400 16 82, 400 21 3.229 4 1, 137 Steel: Manufactured Products Barrels, steel: Orders, unfilled end of month thous. of barrels. _ Production number of barrels. Per cent of capacity Shipments number of barrels Stocks, end of month _ .number of barrels. Boilers, steel, new orders: Area thous of sq. ft.. Quantity number of boilers Furniture, steel: Business groupOrders— New thous of dolls Unfilled, end of mo.-. ..thous. of dolls. . Shipments ..thous. of dolls. Shelving— OrdersNew 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.. Per cent of capacity Shipments .short tons.. Stocks, end of month, total short tons.. Unsold stocks ..short tons.. Galvanized sheet metal ware. (See Nonferrous metals.) Structural steel, fabricated: Orders, new ._ _ .short tons.. Per cent of capacity Shipments short tons Per cent of capacity Track work, production short tons.. * Deficit for quarter. 1,031 445, 819 30.5 451, 869 158, 800 40 8.564 SURVEY OF CURRENT BUSINESS 48 i 1931 -j OQ*> 1 Earlier data, together with explanatory ; f footnotes, may be found in the 1932 \ \ Annual Supplement to the Survey \ April J April June, 1932 M ay June 1932 July ! August be 1 si m ^J^ " , October r °^ " n |^ " January F ary U " March METALS AND MANUFACTURES—Continued MACHINERY AND APPARATUS Air-conditioning equipment: Orders, new, total thous. of dolls. . Air- washer group thous of dolls _ Fan group thous. of dolls. . Unit-heater group thous of dolls . Electric overhead cranes: OrdersNew 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 — New 1922-1924=100.. Unfilled, end of month 1922-1924=100Shipments _ _ .1922-1924 = 100Fuel equipment: Oil burnersOrders— New_._ no. of burners.. Unfilled, end of month.._no. of burners. . Shipments no. of burners.. Stocks end of month no. of burners.. Pulverized fuel equipmentOrders, new, central system— Furnaces and kilns. -.no. of pulverizers. . Water-tube boilers no. of pulverizers _. Orders, new, unit system— Fire-tube boilers no. of pulverizers ._ Furnaces and kilns. ..no. of pulverizers.. Water-tube boilers no. of pulverizers. . Stokers, large, mechanical, new ordersNumber Power horsepower— Machine tools: Orders — New 1922-1924=100.. Unfilled, end of month 1922-1924= 100. . Shipments 1922-1924= 100. . Pumps: Domestic, water, shipments— Pitcher, hand, and windmill-no, of units.. Power, horizontal type __no. of units. . Measuring and dispensing, shipmentsGasoline— Hand operated no. of units.. Power __no. of units.. Oil, grease, and other — Hand operated __no. of units. . Power -no. of 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 . number of units.. Wrater systems, shipments.. .number of units.. Woodworking machinery: Orders— Canceled . .thous. of dolls.. New thous . of dolls . . Unfilled, end of month thous. of dolls.. ShipmentsQuantity number of machines.. Value - thous. of dolls.. NONFERROUS METALS AND PRODUCTS Metals Aluminum: Im ports, bauxite short tons _ . Wholesale prices— No. 1, virgin, 98-99, N. Y dolls, per lb_. Scrap, cast, N. Y dolls, per l b _ _ Babbitt metal: Production total thous. of Ibs _ For own use thous. of Ibs.. Sales thous. of Ibs. _ 'Copper: Exports refined short tons Imports, total. .short tons.. Ore and blister short tons Price, electrolytic, New York. .dolls, per lb__ Production— Blister world short tons Mines United States short tons Refined (North and South 4.merica) short tons Smelter United States short tons Shipments domestic refined short tons Stocks, end of month (North and South America)— Blister short tons Refined short ton*5 3 Revised. 1,495 91 830 574 1, 738 215 831 692 1,622 139 852 631 1, 796 104 889 803 1,449 88 621 740 1,516 81 620 815 1, 576 98 630 348 1,387 85 6i2 660 1,108 75 514 519 753 30 361 363 703 69 388 246 691 67 385 239 397 46 274 1,420 416 307 1,413 310 261 1, 264 410 160 990 435 91 736 345 84 581 235 73 497 157 44 435 102 70 372 138 65 383 40 56 396 57 52 411 37 137 47, 751 5Q, 557 278 125, 550 101, 745 293 142,692 115,809 220 109, 245 122, 189 192 90, 904 142, 143 ' 203 85, 526 73, 163 132 63, 032 81, 465 165 71,451 62, 493 104 48 243 65,714 140 59 907 48, 045 82 32 921 36, 332 143 53, 188 58, Oil 168 76, 179 69, 073 13.8 24.4 21,4 57. 7 180,1 by. 7 54.1 123. 8 118.6 40.9 70.1 90.4 33. 7 51.8 55. 7 16.9 32.1 37.4 31.9 35. 6 29. 6 45.9 56.8 26.2 17.2 40.8 32.9 26.3 36.5 24.9 20.5 29.1 28.8 32.9 41.3 15.7 27.9 32.1 38.3 4,250 512 4,206 9,334 5,528 1, 399 5, 248 10, 036 5, 132 969 5, 562 8, 553 6, 046 971 6,044 9, 193 S, 010 1, 490 7, 491 10, 113 10, 621 2,076 10, 035 10, 155 12, 329 1, 869 12, 536 9,748 13, 542 1, 177 14, 234 8,326 5,852 616 6, 413 8 860 3,566 378 3,804 9 190 3, 570 305 3,643 9 574 3,432 369 3,368 9,724 4,055 468 3, 956 9,399 0 0 0 2 0 0 0 0 0 0 . 0 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 9 o 1 4 3 14 5 1 11 4 I 4 4 1 3 2 0 1 0 0 5 1 2 2 0 2 7 0 0 12 ^0 39 7,614 65 18, 723 80 23, 646 111 29, 889 101 20, 735 128 29, 971 96 22, 462 83 20, 339 62 13, 231 48 11,072 54 25, 372 32 9,447 39 17, 576 41 63 51 105 238 91 232 96 74 212 95 62 202 72 182 96 56 140 92 45 97 85 51 97 50 68 104 57 59 108 47 38 97 44 33 64 52 25, 607 534 29, 153 2,163 26, 772 2,154 33, 574 2,253 35, 260 2,331 29, 619 2,224 25, 984 1, 084 22, 926 1,057 17, 703 864 19, 458 376 22, 554 343 18, 090 446 17, 866 531 2,674 6, 228 6,593 13, 295 4,927 9,880 4,423 7,644 3,378 6 252 2,810 4,939 3, 366 5, 627 2,280 4,311 2,203 3, 893 2,101 4,272 2 1, 875 5, 174 J 2, 643 5,306 28, 230 649 47, 130 1,413 46, 239 1,677 44, 015 1,504 27 217 1 501 22, 579 1,562 27, 639 1,664 24, 051 619 19, 770 506 17, 849 1, 151 18, 706 411 222,135 508 _ 31 2 449 1, 726 592 1,075 2,762 918 921 2, 605 1,037 875 2,471 1,028 874 2,441 944 775 2,449 800 599 2,161 886 563 2,023 696 475 1,852 627 561 1,680 700 449 1,726 390 508 1,802 426 598 1, 878 520 329 5,984 692 7, 863 605 9,336 567 9,006 525 7,936 429 8, 119 500 6,909 518 6,267 458 5,237 370 4,009 268 5,245 321 4,224 363 3,934 13 150 237 10 484 518 21 487 516 46 503 479 16 533 534 6 447 356 7 345 336 8 377 340 3 312 405 6 310 325 6 209 275 5 220 249 5 246 302 130 199 356 451 393 513 391 463 421 448 513 572 331 379 371 347 200 257 271 361 196 248 179 250 147 195 18, 740 24, 074 33, 418 19, 480 29, 873 37, 620 19, 602 23, 906 17, 485 23, 340 36, 838 26, 126 19, 054 .2290 .0411 .2290 .0488 . 2290 .0438 . 2290 .0438 .2290 .0424 .2290 .0400 .2290 .0400 .2290 - . 0393 .2290 . 0388 .2290 .0388 .2290 .0398 .2290 .0413 .2290 .0413 1, 414 359 1,055 2,513 716 1,797 2,377 731 1,647 2 278 702 1,576 1 905 511 1,393 1 751 404 1, 347 1, 823 497 1,326 2,018 552 1,466 1,846 607 1,239 1,624 577 1,048 1,744 463 1,281 1, 577 434 1,143 1,595 407 1,189 16 142 17, 910 8,800 .0557 24, 179 21, 549 16, 326 .0939 22 951 21, 461 17,213 .0867 23 ?44 25, 413 17 136 .0803 22 381 20, 739 17 374 .0770 19 271 19, 447 14 204 . 0729 17 201 25, 279 18, 077 .0699 11, 429 28, 630 17, 668 .0678 15, 215 28, 467 11,974 .0656 13, 599 40, 186 21, 348 .0658 16, 831 39, 078 15, 132 . 0706 17, 572 27, 814 12, 020 .0597 15, 432 22, 521 2 11,632 .0576 128 877 46 452 130 486 45 580 126 722 44 473 121 504 38* 228 121 651! 38 925 120 689 38 088 100 501 52, 085 54 567 102 695 53 734 45 265 98 975 5l' 652 50 217 98 408 46* 503 43 144 90 190 47' 246 45 816 86 704 47' 012 40 459 193 876 367 921 190 578 398 667 187 353 413* 474 179 658 440* 417 176 105 455 775 178 425 479? 896 SURVEY OF CUEEENT BUSINESS June, 1932 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1931 April May July June 1932 | 1 April 49 August Decem- January Februrr- October |>™ ber ary S March METALS AND MANUFACTURES — Continued i N ON FERROUS METALS AND PRODUCTS— Continued | i Metals— Continued Gold. (See Finance.) Lead: I OreReceipts in U. S. ore , short tons__ 34, 694 35,677 Shipments, Joplin district short tons.-! ~"I~452~ 1,881 1,995 Refined5. 892 3, 906 5,397 Imports short tons.. . 0300 . 0441 Price, pig desilverized, N, Y.dolls. per lb_. 0382 23, 23G Pvoduction __ _ short tons 35, 498 39, 519 Shipments, reported short tons.. 26, 081 35, 324 34, 081 Stocks end of month short tons 169, 370 133, 457 142, 370 Silver. (See Finance.) Tin: 3, 440 Deliveries .long tons_. 5, 505 6, 630 3,100 Imports, bars, blocks, etc long tons.. 5, 483 6,126 . 1924 Price Straits N Y dolls per Ib . 2320 . 2512 Stocks, end of monthWorld, visible supply __long tons.. 50, 716 48, 462 51, 231 3, 546 United States _ long tons 5, 698 6,212 Zinc: Ore, Joplin districtShipments short tons 18, OOS 27, 261 22, 470 85, 010 Stocks, end of month short tons 65, 480 61,110 Price, slab, prime western (St. . 0273 .0331 Louis) dolls, per Ib .0372 Production, total (primary) short tons.. 20, 620 29,137 25, 688 Retorts in operation, end of mo number „ 20, 796 20, 624 26, 672 Shipments total short tons 18,046 25, 851 27,418 18,046 Domestic short tons 27, 418 25, 831 Stocks, refinery, end of month.. .short tons_. 132, 025 143,212 143, 049 32,551 1, 432 30, 136 2,290 33, 385 3, 064 3,557 . 0392 30, 708 37, 054 139, 698 6, 522 . 0440 32, 157 42,219 133, 958 1,428 .0440 34, 144 38, 5<JO 134, 977 5, 185 4, 698 . 2341 5, 100 5, 587 . 2502 5, 270 5, 249 .2575 51, 626 5,633 51,707 5,838 14, 395 70, 935 32, 788 1,524 28,406 1,401 28,611 31,279 1,278 | 5, 722 29, OSfi 2,110 25, 807 2, 330 6,794 1,899 .0396 .0440 31,966 ! 36, 546 34, 276 38, 059 132, 804 139, 790 2, 135 . 0394 31,671 31,216 144, 057 6, 866 2, 376 .0379 . 0375 33,576 \ 32, 180 30, 297 27, 867 151,380 160, 257 1,816 .0371 28, 081 26, 319 165, 933 3,035 . 0315 30, 345 31,162 169, 091 5,015 4,882 .2468 5, 385 5, 607 . 2276 3, 550 5, 301 .2281 3, 380 2,130 . 2135 3, 550 2,412 .2184 2, 825 2, 254 .2203 3,285 2, 497 .2186 50, 987 6, 213 50, 722 5, 868 50, 602 6,773 50, 583 7, 458 51,313 6, 254 50, 043 5,342 51, 300 4, 578 50, 780 3,841 12, 059 76, 566 20, 243 79, 533 17,113 81, 190 19, 446 14, 854 85,610 16, 228 83, 000 12, 071 14, 482 87,917 12, 239 86, 998 .0342 23, 483 19, 022 27, 604 27, 604 138, 928 .0389 21,365 19, 266 28, 460 28, 440 131,833 .0382 21, 467 19, 305 23, 599 23, 599 129, 701 .0374 21,327 20,417 20, 860 20, 860 130, 168 .0338 21,548 21, 374 21,181 21, 181 130, 535 .0321 20, 443 19,428 19, 963 19, 963 131,015 .0315 21, 868 19, 875 23, 041 23, 041 129, 842 . 0301 22, 516 2 22, 044 21, 752 22, 444 21,896 22, 413 21,896 129, 534 129, 914 i°l .027 22, 493 22, 016 22, 576 22. 576 129, 451 2,447 2,777 4,487 3, 356 2, 005 1,782 1,384 2, 258 1,831 1,385 1,732 1,956 3, 975 1,231 1,862 1,513 1,277 3,610 1,982 33,228 2,911 Electrical Equipment Conduits, nonmetallic, shipments.thous. of f t _ _ Delinquent accounts, electrical trade. (See Domestic Trade.) Furnaces, electric, new orders kilowatts.. Electrical goods, new orders (quarterly) thous of dolls Laminated phenolic products, shipments dollars 408, 410 Mica, manufactured: Orders, unfilled, end of month thous of dolls Shipments thous of dolls Motors (direct current) : Billings (shipments) dollars Orders, new dollars Panelboards and cabinets, shipments 183 . thous. of dolls Porcelain, electrical, shipments: Nail knobs thous. of pieces. _ Tubes .thous. of pieces _ 32,451 Special dollars 19,874 Standard . dollars 698 Power cables, shipments thous. of ft.. Power switching equipment, new orders: Indoor dollars Outdoor dollars.. Reflectors industrial sales units ~~34~ 538" Vacuum cleaners, shipments number.. Vulcanized fiber; 838 Consumption thous. of Ibs . 249 Shipments thous of dolls Welding sots, new orders: Multiple operator units s ingle operator - units. _ 5, 112 4,091 1,791 2,680 1,111 99, 351 151,586 157 304 224, 348 626, 382 706, 642 633,321 618, 820 632, 476 639, 267 570, 466 430, 425 436, 190 413, 424 363, 097 454, 917 138 135 119 128 97 92 100 81 87 103 81 79 73 76 81 73 69 73 73 94 75 86 65 86 473, 767 536, 272 455, 325 440, 476 450, 165 402, 130 360, 444 377, 129 365, 877 299, 081 365, 930 413, 864 387, 770 311,793 276, 905 248, 265 414, 642 354, 236 231, 826 150, 148 300, 456 251,509 286, 353 207, 778 324 339 338 336 367 326 333 245 248 211 193 195 3,425 890 76, 313 52, 009 1,619 4,384 1,309 78, 983 57, 462 1,303 2,191 592 77, 194 41, 331 1,106 2,044 516 66, 906 33, 042 890 2,544 971 74, 183 38, 303 840 3,132 869 82, 485 42, 562 806 3,818 1,000 84, 617 40, 171 1,137 2,263 509 63, 044 29, 447 973 1,195 424 38, 748 19, 483 743 1,274 475 44, 699 25, 332 537 1,561 369 54, 941 25, 320 623 966 255 37, 840 17, 183 958 111,875 216, 145 72, 003 79, 527 73, 567 208, 713 67, 256 70, 303 52, 697 240, 081 66, 188 43, Oil 47, 041 360, 325 61, 794 35, 447 48, 707 175, 629 56, 735 37, 952 40, 586 188, 043 54, 691 47, 142 37, 547 39, 191 244, 122 323, 412 59, 103 43, 287 59, 074 67, 643 36, 686 197, 708 45, 000 50, 602 28, 777 116, 112 46, 261 40, 044 30, 854 85, 660 38, 748 37, 101 28, 626 69, 941 41, 322 51, 120 1,475 432 1,541 419 1,624 402 1,783 344 1,345 348 1,407 332 1,398 313 1,057 262 1,003 246 872 270 1,269 301 1,131 261 2 134 0 120 0 80 0 115 0 108 0 89 2 122 0 83 3 88 7 91 8 169 0 ; 165 Miscellaneous Products Brass and bronze (ingots and billets) : 2,081 Deliveries . net tons.. Orders, unfilled, end of month net tons_. 18, 403 Brass sheets, wholesale price, mill .125 dolls, per l b _ _ Copper, wire cloth: OrdersMake and hold-over, end of month thous. of sq. ft_. 548 264 New _ thous. of sq. ft . 142 Unfilled, end of month thous. of sq. ft._ 280 Production thous. of sq. ft 285 Shipments . .thous. of sq. ft. _ 981 Stocks, end" of month thous. of sq. ft._ Fire extinguishing equipment. (See automobiles.) Galvanized sheet metal ware: Pails and tubs — Production dozens of pieces Shipments....dozens of pieces..!. OtherProduction dozens of pieces '-• Shipments. dozens of pieces..! 4,238 21, 998 4,220 20, 817 3,584 22, 706 3,529 21,510 3,186 21, 202 3,109 20, 073 3,502 20, 968 2, 694 21, 753 2,752 21, 067 2,728 20, 014 2,145 19, 390 2, 014 19, 245 .172 .165 .158 .157 .154 .152 .130 .130 .130 .133 .130 .125 554 299 174 340 297 1,096 514 275 302 256 277 ! 1,073 i 560 275 145 253 274 934 546 328 158 302 324 898 504 326 134 330 330 889 509 339 135 333 316 911 522 308 129 338 312 910 583 366 160 312 254 953 592 274 114 257 285 1,031 571 340 164 204 289 880 595 304 165 366 280 965 613 267 117 317 285 998 \ : i ! i : 143, 258 140, 080 121,413 122, 072 92, 460 88, 979 103, 345 114, 134 134, 003 129, 693 110, 253 120, 851 98, 340 88, 270 67, 145 72,011 72, 558 63, 163 87, 096 88, 382 110,474 105, 966 121, 322 124, 356 34, 929 42, 287 28, 390 34, 188 26, 304 28, 724 26, 970 27, 334 34, 709 32, 764 32, 276 36, 007 26, 626 27, 792 15, 760 16, 087 11, 758 9,406 13, 612 13, 254 21, 472 19, 354 24, 063 21, 736 SURVEY OF CURRENT BUSINESS 50 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 April June, 1932 1931 April May June | July A ugust 1932 SC ?erm"l°ctober Novem- Decem- January ^- \ March ber ber PAPER AND PRINTING WOOD PULP Chemical: Consumption and shipments, total short tons Soda short tons Sulphite, total _ short tons Bleached short tons Unbleached _ _ _ _ .short tons Sulphate short tons Other grades - - - short tons Imports _ . short tons.. Price, wholesale, sulphite, unbleached dolls per 100 Ibs Production total short tons Soda short tons._ Sulphite total short tons Bleached short tons Unbleached _ . short tons . Sulphate short tons.. Other trades . _ short tons _ Stocks, end of month, total short tons__ Soda short tons__ Sulphite, total _ ._ .short tons.. Bleached short tons Unbleached _ ..short tons.. Sulphate short tons Other grades . .short tons . Mechanical (ground wood) : Consumption and shipments short tons Imports short tons.. Production .short tons Stocks, end of month short tons.. 59,411 1.58 14, 710 183, 298 27, 412 115, 960 37, 272 21, 178 39. 082 844 77, 513 177, 314 25, 960 110, 722 37, 440 19, 020 39, 590 1,072 78, 695 175, 460 23, 572 111,282 38, 080 16, 790 39, 828 778 112, 822 168, 030 23, 502 105, 294 35, 448 17, 544 38, 156 1,078 120, 070 170, 586 24, 278 108, 924 37,818 19, 026 36, 630 754 116, 981 163, 412 21, 558 105, 666 35, 784 16, 698 35, 202 986 123, 374 170, 442 19, 876 112, 224 37, 090 21, 170 37, 174 1,168 115, 179 162, 556 18, 088 109, 796 34, 116 22, 634 33, 828 844 170, 986 155, 446 22, 086 103, 600 33, 632 20, 628 28, 956 804 112, 680 172, 756 23, 322 114, 456 37, 384 22, 624 34, 024 954 193, 954 175, 652 22, 738 117,318 39, 004 25, 026 34, 704 892 171, 944 185, 970 23, 148 127,914 43, 770 25,818 34, 184 724 80, 000 2.15 186, 266 28, 102 115,974 36, 092 21, 076 41, 292 898 33, 506 4,414 18, 734 4, 196 3,936 9,594 764 2.15 180, 454 27, 230 110, 840 38, 262 19, 494 41,870 514 32, 460 4,480 18, 698 5, 018 4, 256 9, 076 206 2. 15 181, 756 24, 834 115, 200 39, 048 19, 092 40, 948 774 33, 944 4, 660 21, 558 5, 986 5,500 7, 524 202 2.15 172, 456 24, 362 107, 664 35, 262 17, 924 39, 228 1, 202 34, 504 4,502 23, 626 5,800 5,578 6,050 326 2.15 172, 350 25, 508 107, 430 37, 736 16, 922 38, 522 890 34, 176 4,620 23, 710 5, 718 5,052 5,384 462 2.15 168, 89i 21, 528 109, 558 36, 232 19, 800 36, 866 942 34, 456 3, 598 25, 836 6,166 6,388 4,604 418 2 15 171, 186 21, 226 109 894 37, 080 19, 814 39, 004 1,062 32, 416 4,058 24, 198 6,156 5,724 3, 848 312 2.15 171, 574 19, 336 114. 846 35, 016 26, 108 36, 624 768 36, 684 4,516 27 788 7,' 118 7,402 4,144 236 1.81 160, 680 22, 682 105, 802 32, 858 22, 908 31, 276 920 36, 668 4,124 27, 844 6,344 7,536 4,348 352 1.58 175, 936 23, 998 115,256 36, 202 25, 136 35, 686 996 33, 750 3,762 25, 924 5,162 7,328 3,670 394 1.58 178,312 23, 878 116, 298 39, 482 24, 376 37, 006 1,130 32, 326 3,890 24, 274 5,640 6,048 3,530 632 1.58 192, 934 24, 212 129. 722 43,214 28, 752 38, 228 772 32, 926 3,910 23, 386 5,084 6,286 4,950 680 116,914 23, 136 136, 438 93, 131 118, 157 12,851 136, 858 111,832 118,371 13, 512 121,103 115, 235 111,463 17, 725 102, 197 103, 975 100, 180 14, 433 87, 638 91, 434 106, 094 18, 750 96, 920 82, 260 110,715 21, 842 104, 788 76, 332 113, 483 21, 066 120, 963 83, 845 110, 035 22. 757 112,954 86, 765 110, &03 17, 339 113,174 89, 135 101, 409 19 127 102' 095 89, 822 110,983 11, 249 114,066 92, 905 643, 056 74 643, 146 414, 054 638, 510 72 639, 712 416, 077 621,411 71 615, 877 415,681 607, 700 70 606, 847 413,011 591,414 67 596, 623 408, 345 587, 543 70 589, 218 406, 067 596, 459 67 604, 007 397, Oil 526, 944 65 527, 205 408, 035 503, 789 59 506, 410 405, 942 556, 951 64 574, 197 424, 406 549, 122 66 572, 065 414, 200 598, 913 66 599, 597 421, 104 76 68 70 67 52 65 58 60 53 61 57 57 56 58 55 58 53 59 52 66 58 66 52 61 6 117, 374 79 118, 782 87, 395 6 117,609 78 113, 140 92, 464 6 113, 022 77 111,327 90, 985 6 5 106, 015 71 107, 075 89, 984 5 5 106, 439 71 104, 097 92, 684 4 5 98, 563 69 101, 323 89, 440 4 5 102, 111 66 105, 379 85, 594 4 4 95, 576 67 103, 588 87,477 5 5 103, 509 69 105, 660 85, 115 4 5 100, 093 66 107, 668 82, 902 4 5 98, 792 69 112, 836 77, 513 107, 683 70 115,093 77, 280 206, 571 227, 125 208, 513 213, 686 200, 138 205, 084 209, 903 172, 830 146, 368 177, 610 173, 395 190, 472 224, 021 45, 541 230, 537 67.8 227, 806 81, 784 236, 173 49, 968 232, 020 77.8 231, 746 82, 058 223, 990 50, 630 224,110 70.3 223, 328 82, 840 221, 048 49, 698 222, 927 69.6 221, 980 S3, 787 215, 752 47, 206 213,614 65.9 218, 244 79, 157 235, 382 61,327 221, 684 70.9 221, 261 79, 580 218, 527 61, 365 218, 157 64.8 218, 489 79, 248 181, 500 62, 933 186, 776 61.7 179, 932 86, 092 138, 042 36, 345 163, 539 49.8 164, 630 85, 001 189, 131 43, 862 182, 306 56.8 187, 118 80, 189 188, 734 42, 589 186, 756 58.2 190, 007 76, 938 195, 333 35, 173 205, 737 60.1 202, 749 79, 926 167, 478 182, 812 169, 570 166,006 148, 012 149, 029 151, 658 158, 674 172, 761 168, 422 163, 522 163, 196 25, 026 39,209 50, 558 47, 052 47, 549 45, 386 36, 055 42, 181 28, 192 30, 537 34, 219 38, 275 152, 360 205, 838 205, 752 39, 754 185, 432 202, 607 202, 280 39, 962 189, 739 193, 971 194, 144 39, 832 157, 205 182,731 175, 350 47, 288 160, 175 165, 124 162, 303 49, 128 161, 171 178,412 178, 181 50, 451 171, 031 184, 252 191,725 42, 963 171, 151 175, 643 173, 601 48, 735 161, 835 165, 173 165, 017 54, 214 172, 914 171,321 171,843 53, 683 142, 445 158, 543 150, 951 61, 195 171,651 166, 758 163, 806 63, 548 174, 325 175, 242 179, 836 192, 688 161, 265 188, 919 157, 119 173, 457 146, 249 157, 037 152, 422 159, 946 173, 852 180, 230 174, 092 176, 228 160, 146 168, 087 151, 181 166, 516 142, 883 127, 089 156, 205 151, 786 57.00 102, 450 70 101,819 57.00 101, 202 69 102, 555 57.00 101, 086 68 100, 087 57.00 99, 548 67 97, 225 57.00 88, 344 59 89, 047 57.00 91, 241 64 90, 303 57.00 97, 117 63 98, 616 57.00 94, 149 66 93, 723 57.00 93, 861 63 93, 550 53.00 94, 247 53.00 87, 157 53.00 100, 034 94, 550 86, 638 94, 282 34,289 185, 560 45, 352 32, 956 178, 333 44, 859 33, 906 189, 990 39, 041 33, 616 203, 944 34, 566 32, 607 202, 121 30, 879 33, 517 197, 716 34, 379 31, 953 190, 367 38, 022 32, 398 187, 839 42,064 32, 709 195, 505 40, 495 32,406 192, 817 37, 612 32, 925 191, 666 38, 913 38, 677 175, 566 34, 570 32, 451 67 33, 100 62, 459 30, 793 64 31, 501 61, 758 29, 364 59 28, 395 62, 725 26, 408 55 27, 728 59, 723 26, 386 55 27, 441 58, 658 26, 443 55 27, 606 57, 489 27, 793 56 29, 071 54, 398 27, 031 50 27, 734 57, 349 27, 371 48 27, 043 56, 735 32, 126 64 33, 347 55, 516 31, 558 65 33, 767 55, 288 33, 228 63 32, 563 56, 026 79, 261 91 80, 371 76, 582 78, 377 88 76, 888 78, 107 78, 174 87 76, 845 76, 051 78, 074 88 78, 777 75, 146 78, 360 90 76, 479 77, 047 72, 107 81 69, 151 80, 021 73, 347 79 72, 027 81, 318 61, 902 77 63, 821 79, 521 57, 739 65 60, 280 76, 991 70, 344 80 71, 329 76, 035 67, 451 80 70, 082 73, 425 69, 779 76 72, 361 70, 821 80, 983 81, 268 71, 545 78, 509 83, 882 68, 734 75, 655 75, 895 69. 174 74, 728 74, 062 70. 755 78, 271 81,315 68. 192 77, 505 79, 574 68. 020 77, 934 80, 425 64. 500 78, 702 74, 423 95. 091 71, 252 70, 272 96. 818 77, 835 77, 408 80, 185 78, 735 97. 358 i 98.111 82, 452 82, 549 98. 374 PAPEH Total paper, incl. box board and newsprint: Production short tons Per cent of capacity .. Shipments short tons Stocks, end of month. short tons.. Book paper: Orders, new— Coated p. ct. of normal production. _ 50 Uncoated p. ct. of normal production.. 55 Orders, unfilledCoated days' production 3 Uncoated . .days' production.. 5 Production short tons.. Per cent of capacity Shipments short tons Stocks, end of month _ _ .short tons 1 Box board: Consumption, waste paper .short tons _ OrdersNew _ short tons.. Unfilled, end of month short tons Production _ short tons Operations, per cent of capacity. Shipments short tons._ Stocks, end of month short tons.. Stocks of waste paper, end of month — At mills . short tons.. In transit and unshipped purchases short tons Newsprint: CanadaExports short tons.. Production short tons._ ~176,~666~ Shipments from mills short tons__ 186, 443 Stocks, at mills, end of month. short tons.. 53, 904 United StatesConsumption by publishers short tons.. 148, 351 Imports short tons 165, 300 Price, rolls, contract, destination, N. Y. basis dolls, per short ton 53.00 Production, total. short tons.. 91, 235 Per cent of capacity Shipments from mills short tons.. 94, 296 Stocks, end of month— At mills short tons.. 35,417 At publishers short tons.. 188, 207 In transit to publishers short tons._ 33, 295 Writing (fine) paper: Production short tons . Per cent of capacity Shipments short tons.. Stocks, end of month short tons.. Wrapping paper: Production short tons.. Per cent of capacity Shipments short tons Stocks end of month short tons All other grades: Production _ __ _ _ _ short tons Shipments short tons Stocks, end" of month short tons 4 SURVEY OF CURRENT BUSINESS June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 1932 51 1931 April April May June July August 1933 j1 Se b£H October Novem- D n ^ -j January!™™- March PAPER AND PRINTING—Continued PAPER PRODUCTS Abrasive paper and cloth, shipments: Domestic ._ __ _ reams _ Foreign reams Binders' board, production short tons.. Paper board shipping boxes: Operating time, total ..p. ct. of normal-Corrugated p. ct. of normal-Solid fiber p. ct. of normal-Production, total thous. sq. ft.. Corrugated thous. sq. ft Solid fiber thous. sq. ft_. Rope paper sacks, shiprnen ts._ 1921-1922 =100- . 41, 643 5,628 1,219 65, 452 9 525 1,809 62, 268 8 218 1,486 54, 431 8 705 1,535 51, 948 7 832 2,069 54 721 7 119 1,695 53, 373 6 552 1,560 53 348 6 942 1,224 38 272 5 323 1,320 35, 433 6 376 1,301 46 061 5 365 1, 236 46, 700 5 323 1,298 44, 820 7 648 1,366 70 72 63 446, 653 360 998 85, 655 78 81 67 504, 483 401 874 102, 609 60 79 84 65 517, 708 417 407 100, 301 55 79 81 71 516, 036 416 282 99, 754 44 76 78 68 497, 613 402 031 95^ 582 65 77 80 68 556, 085 449 285 106, 800 67 79 82 71 552, 650 448 910 103, 740 75 77 81 66 540, 293 438 296 101, 997 69 67 70 57 429, 315 346 527 82, 788 64 58 59 54 366, 440 286 897 79, 543 49 64 67 56 426, 371 344 994 81,377 73 74 68 459, 436 374 636 84, 800 75 77 65 482, 114 390 279 91, 835 39, 001 48, 877 860 640 220 97 55, 266 886 708 178 96 48, 322 703 586 117 84 50, 357 718 568 150 77 45, 455 964 770 194 76 47, 351 882 735 147 83 57, 819 1 227 1,070 157 79 48, 309 827 724 103 83 44, 919 798 656 142 82 51, 660 662 541 121 84 48, 751 757 639 118 86 46,557 781 675 106 84 9,428 8,734 10 284 11 079 11 587 10, 585 10 514 10, 382 10 321 9 997 10 511 10 501 10, 275 11, 241 10 663 10 664 9 974 9,546 8,096 9,313 9 261 9,201 8,654 8,456 8,906 9,783 PRINTING Blank forms, new orders thous. of sets.. Book publication total no of editions New books no. of editions New editions no. of editions _ Operations (productive capacity) . 1923=100-Sales books: Orders new thous. of books Shipments _ thous. of books RUBBER AND RUBBER PRODUCTS CRUDE AND SCRAP RUBBER Crude: Consumption, total --.longtons.For tires long tons Imports, total, including latex long tons__ Price, wholesale, smoked sheets, N. Y. dolls, perlb-. Shipments world long tons Stocks, world, end of month long tons__ Afloat, total _ long tons _ For U. S long tons London and Liverpool long tons British Malaya long tons.. United States long tons Reclaimed rubber: Consumption long tons . Production . __ . _ _ .long tons _ Stocks, end of month long tons. _ Scrap rubber: Consumption by reclaimers long tons _ Stocks, at reclaimers, end of mo long tons 30, 655 20, 097 44, 908 34, 792 23 847 35, 844 34, 883 22 893 46, 939 29, 382 20 849 44, 052 25, 379 16 175 39, 033 21, 747 13, 328 38, 933 20, 495 12, 666 41, 398 21, 108 11, 572 45, 103 19, 696 11, 267 53, 818 25, 725 16, 451 33, 552 27, 611 14, 744 28, 298 25, 602 13, 594 45, 588 635, 000 271,849 53, 849 123, 400 90, 945 347, 215 .064 62 617 520, 232 75, 200 56 700 138, 861 81, 960 224,211 .064 67 815 531, 516 91,334 73, 564 140, 394 80, 383 219, 405 .063 61 319 536, 982 87, 861 69 421 137 046 86, 729 225 346 .063 66 051 549, 127 86 833 66 873 136 150 90, 398 235 746 .054 63 651 550, 580 80 349 61 469 136 988 88 616 244 627 .050 64, 788 554, 458 78, 620 62, 420 134, 304 83, 182 258, 352 .050 71 487 582, 000 86, 227 68, 427 133, 520 86, 503 275, 750 .046 70, 562 606, 197 97, 013 77, 443 130, 169 84, 710 296, 305 .046 59 466 619, 906 74, 080 53, 940 127, 149 96, 677 322, 000 .044 66, 424 630, 267 75, 402 56, 312 125, 332 103, 774 325, 759 .039 59, 564 636, 206 87, 891 68, 971 126, 036 100, 379 321, 900 .033 62, 598 634, 513 2 76, 390 58, 920 125, 065 94, 401 337, 127 4,393 5,277 15, 283 9,161 14,' 685 10, 220 12, 535 14, 471 10 175 13 082 14, 804 8 929 10 596 14, 176 7 778 9*402 13' 732 6,967 8,955 13, 781 6,338 8,818 14, 273 5,843 7,340 14, 130 5,313 8,255 15, 406 6,583 8,140 14, 970 6,499 8,120 14, 927 5,788 8,010 15, 781 33, 125 32 928 47 666 33 596 32 878 33 516 36, 959 34, 363 33, 146 30, 118 28, 740 31,988 29, 654 27, 676 3,955 3 946 3,804 8,025 4,543 4 332 4 197 8,250 4,538 4 458 4 320 8 358 3,941 4 370 4 244 7 936 3,125 3 968 3*845 7 117 2,538 3,145 3,034 6,527 2,379 2,281 2,185 6,640 2,001 2,310 2,223 6,335 2,115 2 225 2,171 6,220 2,770 2,602 2,545 6,329 3,097 2,042 1,973 7,338 2,937 2,363 2,281 7,902 12 15 14 64 11 16 14 61 10 15 14 57 13 16 15 55 12 16 15 51 10 13 12 46 11 14 13 43 9 10 10 42 10 11 10 39 9 9 9 37 10 10 9 37 9 9 9 37 3,693 3 709 3, 610 8 330 4,330 4 225 4,135 8 439 286 318 228 403 3,964 4 665 4 569 7 672 548 240 158 019 2,759 3,320 3,247 6,476 2,462 2,250 2,187 6,657 1,955 2,076 2,022 6, 496 2,078 2 213 2,172 6,338 2,719 2 803 2,761 6,175 3,057 2,182 2,135 7,008 2,802 2,149 2,094 7,558 15, 244 18, 010 17, 085 15, 140 11, 745 9,585 9,263 8,361 7,981 12, 156 12, 518 11, 292 23, 877 38, 454 .030 12 338 29, 762 TIRES AND TUBES Pneumatic casings: Production thousands.. Shipments total thousands Domestic thousands Stocks, end of month _ . thousands Solid and cushion tires: Production .thousands Shipments total thousands Domestic thousands Stocks end of month thousands Inner tubes: Production _ thousands _ Shipments total thousands Domestic thousands Stocks end of month thousands Raw material consumed: Fabrics thous. of lbs_. Crude rubber. (See Crude Rubber.) 4 4 4 8 3 4 4 7 MISCELLANEOUS PRODUCTS Rubber bands, shipments thous. of lbs__ Rubber clothing, calendered: Orders net no. coats and sundries _ Production no coats and sundries Rubber-proofed fabrics, production, total thous. of yds_Auto fabrics thous. of yds.. 70l" Raincoat fabrics thous. of yds.. Rubber flooring, shipments. --thous. of sq. ft— Rubber and canvas footwear: 4,104 Production, total thous. of pairs.. 3,446 Tennis . __ thous. of pairs.. 657 Waterproof thous. of pairs. . 5,073 Shipments, total - . thous. of pairs. _ 4, 374 Tennis thous. of pairs. _ 698 Waterproof thous. of pairs _ Shipments, domestic, total.. thous. of pairs.. 5,010 4,333 Tennis. thous. of pairs.. 677 Waterproof . thous. of pairs.. Stocks, total, end of month. -thous. of pairs.. 18, 381 7,267 Tennis thous. of pairs. _ Waterproofthous. of pairs.. 11, 115 2 Revised. 259 215 209 246 185 201 225 19T 231 206 208 223 16, 846 16, 803 19, 380 18 094 21, 161 15 419 17,932 14, 431 21 580 27 080 23, 966 22, 728 20, 925 19, 773 14, 341 23, 255 13, 654 16, 221 20, 720 10, 130 12, 388 20, 405 14, 970 17, 649 3,021 710 1,040 569 3,050 982 1,066 569 3,212 701 1,355 576 3,337 531 1,843 577 3,787 596 2, 226 595 4,692 528 2,988 595 4,112 445 2,476 550 2,529 394 1,267 462 2,074 380 931 587 2,184 339 853 358 2,448 233 883 376 2,463 312 754 422 3,693 2,591 1,102 5,341 4,199 1,142 5,119 4,049 1,070 24, 566 8,833 15, 733 3,402 2,142 1,261 4,113 3,437 676 3,942 3,316 626 23, 881 7,523 16, 357 3,921 1,999 1,922 4,094 2,757 1,337 3,886 2,657 1,229 23, 789 6,766 17, 024 2,407 836 1,570 3,272 1,645 1,627 3,030 1,520 1,510 22, 935 5,957 16, 978 3,382 1,021 2.361 4,245 1,252 2,993 4,065 1,223 2,842 22, 070 5,704 16, 366 3,934 1,012 2,922 5,706 1,335 4,371 5,448 1,263 4,185 20, 615 5,473 15, 141 4,363 1,231 3,131 5,104 633 4,471 4,907 589 4,318 19, 880 6,076 13, 804 4,217 1,443 2,773 3,720 475 3,245 3,632 446 3,186 20, 367 7,044 13, 323 4,469 2,078 2,391 4,208 734 3,474 4,054 616 3,438 20, 628 8,387 12, 241 3,557 2,496 1,061 3,990 2,374 1,616 3,962 2,353 1,610 20, 237 8,510 11, 726 3,777 3,226 552 4,454 3,411 1, 043 4, 416 3,378 1,038 19, 551 8,264 11, 287 4,787 4,187 600 4,998 4,264 735 4,943 4,216 727 19, 347 8, 191 11, 156 52 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be f ound in the 1932 Annual Supplement to the Survey 1931 1933 April June, 1932 April May June July 1932 i Febrrj August | k'e-P^ October ;Nobv£ln- DecemJanuaryi ar > ber March RUBBER AND RUBBER PRODUCTS—Continued ; MISCELLANEOUS PRODUCTS— Con. Rubber heels: Production. thous. of pairs.. Shipments — Export thous. of pairs.. j Repair trade .thous. of pairs.. Shoe manufacturers __ thous. of pairs . Stocks, end of month. _ thous. of pairs.. Rubber soles: Production ...thous. of pairs.. Shipments — Export thous. of pairs.. Repair trade thous. of pairs Shoe manufacturers thous. of pairs _ _ Stocks, end of month thous. of pairs.. Mechanical rubber goods, shipments: Total thous. of dolls Belting thous of dolls Hose thous. of dolls Other. . .thous. of dolls . ; i ' ! i 15,408 | 15,474 17, 093 15, 361 16,293 15,827 i 14,567 11,455 578 4,038 10, 112 27, 764 612 3,975 9,693 28, 491 630 4,946 10,522 27, 898 540 4,058 11,177 27. 006 514 5,355 11,653 25.832 501 6,994 9,724 23.952 ! 617 5,924 7.484 24.652 591 4, 537 6,610 25,213 2,692 2,885 3, 177 2.864 2,933 2,880 ! 2,610 2,840 3,639 ! 69 62 59 225 2,899 2,461 67 196 2.569 2, 475 67 234 2.790 2, 395 90 290 2.604 2, 264 45 370 2,273 2, 153 29 308 2.579 2, 180 25 ! 267 : 3,196 2, 018 ' 3.879 798 ] , 650 1,431 3,706 914 1.436 1, 356 3.356 802 1,161 1, 393 3.015 788 1.041 1, 186 2.678 601 972 1, 105 2,300 483 856 961 2.381 474 919 i 988 ! 10.00 9.75 i 255 330 2.474 2, 764 2,651 2, 655 4, 617 ! 832 2, 129 ! 1, 656 4, 231 790 1.857 1,584 14,138 i 12,316 14, 787 16, 368- 474 4, 622 8,198 24,405 259 4, 575 8, 748 25, 807 305 3,785 9,424 27, 933 3,411 3,461 3. 953 8 264 2,954 2, 085 3 285 2,925 2,428 2 252 3,320 2,691 2.463 483 903 1,077 2,446 483 966 997 2 638 491 1. 174 ' 973- | 290 ; 3, 431 i 8,704 i 24,515 STONE, CLAY, AND GLASS PRODUCTS BRICK Common brick, wholesale price, red, N. Y _ dolls, per thous—| Face brick (average per plant): I Orders, unfilled, end of mo.-thous. of brick..] Production thous. of brick.. Shipments thous. of brick.. Stocks, end of month* thous. of brick.. Sand-lime brick: Orders, unfilled, end of mo.-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.. 10.25 j 511 192 274 9.75 784 i 533 579 I 3,698 j 383 ij 292 222 : 3.514 ; 452 197 149 3, 561 450 166 156 3,557 506 203 155 3, 601 5,232 ! 3,999 ! 1,698 i 3,330 | 11,119 ! 8,745 3,118 397 3,630 8,677 8,700 2,188 449 2,561 9,067 8,306 1,538 165 1, 580 8,255 8,914 1,603 125 2,089 8,421 1.422 ! 11,245 ! 52. 1 11,184 [ 29,715 13.854 1.310 5,974 26.4 4,142 24,098 7,035 ! i I | | PORTLAND CEMENT Price, wholesale, composite doils. per bbl_. Production __ thous. bbls.. Per cent of capacity Shipments __ -thous. of bbls.. Stocks, finished, end of month.thous. of bbls.. Stocks, clinker, end of month..thous. of bbls.. 1.318 5,478 24.8 6,536 26,487 10, 501 ! 1.321 j 5,026 | 22.0 i 3, 393 ; 25,778 ' 8,184 1.323 3,971 18. 7 . M.318 4,847 21.3 3,118 ; 2 3,973 26,657 i 27,545 2 9,375 10, 025 GLASSWARE Glass containers: OrdersNew, net thous. gross.. Unfilled, end of month thous. gross.. Production thous. gross.. Per cent of capacity Shipments thous. gross.. | Stocks, end of month thous. gross.. j Illuminating glassware: ! Orders— i New per ct. of capacity..) Unfilled, end of mo no. weeks' supply—j Production, total no. of turns.-! Per cent of capacity — Shipments per ct. of capacity.. Stocks, end of month no. weeks' supply — Plate glass, polished, production.thous. sq. ft— 1,652 6,174 2,027 632 1,919 5,639 »1,902 29,648 22,334 271.3 22,231 25,730 1,659 6,387 1,508 47.2 1,396 5,855 2, 929 6,454 1,606 52.1 1,743 5,697 2,354 6,811 1,548 50.2 1,764 5,544 22.6 .8 1,393 20.0 22.3 3.6 5,025 28.6 .8 2,086 27.8 28.8 4.1 10,174 20.8 .7 1,774 23.7 20.7 3.8 6,093 1,463 19.5 20.2 3.8 5,500 1,301 17. 4 19.1 3.6 6,427 2,252 223 1,085 104 2,648 : 237 ; 2,097 i i i ; : 1,738 6,505 1,886 56. 6 1,963 5,497 21.3 .8 1,374 19. 8 22.0 3.6 4,414 TERKA COTTA Orders, new: Quantity Value short tons. thous. of dolls. 925 100 4,180 412 176 TEXTILE PRODUCTS ; CLOTHING Hosiery: OrdersNew thous. of dozen pairs.. Unfilled, end of month thous. of dozen pairs Production thous. of dozen pairs. . Shipments, net thous. of dozen pairs Stocks, end of month, thous. of dozen pairs.. Men's and boys' garments cut: Overcoats thous. of garments Separate trousers thous. of garments. _ Suits thous. of garments .. Rubber clothing (see Rubber products) . 2 Revised. 4,223 4,808 5,029 4,654 4, 279 4,279 4,716 5,058 4,902 4,155 4,417 4, 254 4 458 1,890 4,280 4,321 9,601 3,042 4,627 4,925 9,914 3,225 4, 719 4,772 9,864 3,201 4,572 4,561 9,990 3,511 4, 069 3,777 10, 177 3,139 4, 187 4,540 9,869 2,815 4,521 j 4, 941 1 9, 730 I 2,637 4,743 5, 115 9, 408 2,641 4,020 4,789 9,107 2, 263 4,118 4,394 9,114 2,645 4,558 3,981 9,990 2,389 4,363 4, 153 10, 003 2 043 4,522 4 723 9,486 196 2.115 2,005 138 2, 396 1,808 318 2,408 1,714 493 2,246 1,897 593 2,544 1,979 661 ! 2,477 i 1,647 i 542 2,024 1,286 293 1,189 954 174 1,207 1,207 159 1,507 1,693 295 1, 601 1,763 335 1,742 2,114 ' Adjusted for degrading and year, end physical inventories. SURVEY OF CURRENT BUSINESS June, 1932 Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 53 1931 1933 April April May June 1933 August s°£p- July Decem- January October November ber F %™' March TEXTILE PRODUCTS—Continued COTTON Consumption thous. of bales Exports: Quantity, exclusive of linters thous. of bales.. Value. (See Foreign Trade.) •Ginnings (total crop to end of month) thous. of bales.. Imports. _ . . --thous. of bales. . Prices: To producer dolls, per lb._ Wholesale, middling, N. Y dolls, per lb__ Production crop estimate thous of bales Receipts into sight thous. of bales Stocks, end of month: Domestic, total mills and warehouses. _ _ _ _ __thous. of bales Mils -thous. of bales Warehouses _thous. of bales World visible supply, total.-thous. of bales. . American cotton thous. of bales 367 509 465 454 451 426 464 462 429 416 435 450 545 392 336 255 259 211 558 1,014 1,071 1,181 919 970 ... 14~ 17~ 927 2 9 566 7 5,410 5 12, 130 3 15, 024 6 15, 358 13 16, 002 13 9 16, 629 10 .056 .066 .058 .068 .062 .068 1,546 918 870 ... " 489 .057 .062 .093 .102 .088 .093 .077 .090 .085 .093 .063 .072 .059 .065 .053 .064 .061 .065 569 363 347 107 277 333 1,623 4,082 3,035 .055 .063 3 17, 096 1,819 9,697 1, 533 8,164 9,111 7,139 7,404 1,371 6,033 8,883 6,302 6,748 1, 258 5,490 8,346 5,861 6,102 1,131 4,971 7,572 5,236 5,520 996 4,524 6, 899 4,775 5,266 840 4,426 6, 435 4,498 7,072 775 6,297 7,113 5,275 10, 566 1,116 9,450 9,184 7, 299 12, 137 1,441 10, 696 10, 191 8,346 12,056 1,630 10, 426 10, 193 8,403 11, 669 1,637 10, 032 10, 398 8,572 11, 144 1,633 9,511 10, 166 8,268 10, 333 1, 566 8, 767 9,623 7,687 38, 825 11,081 12, 240 34, 914 13, 377 11,212 34, 017 10, 067 11, 195 32, 951 11, 800 10, 181 31,351 10, 295 10, 023 29, 819 10, 858 9,382 32, 943 14, 703 9, 461 32, 519 11, 574 9,832 31, 506 9,349 10, 861 31, 791 11,518 11, 350 32, 030 9,411 12, 009 31, 394 8,646 12, 436 .231 .369 .223 .353 .215 .352 .225 .352 .212 .336 .201 .326 .189 .315 .192 .312 .181 .295 .175 .290 .180 .285 .181 .284 30, 776 2,810 30, 961 3,920 34, 370 3,937 35, 272 4,326 30, 309 1,692 25, 599 2,185 29, 897 1,958 27, 210 2,551 30, 759 4,026 28, 007 2,513 30, 840 3,959 35, 610 3,925 34, 437 294, 118 56, 489 54, 395 282, 154 40, 007 248, 544 56, 348 51,401 301, 943 71, 180 330, 575 52, 033 54, 774 288, 235 39,588 277, 597 48, 136 52, 833 269, 449 41, 889 217, 508 52, 262 56, 911 250, 855 57, 542 227, 167 54,424 55, 610 244, 924 83, 420 344, 639 56, 779 54, 052 255, 833 56, 052 354, 957 57, 861 53, 472 273, 390 40, 983 322, 039 50, 938 47, 567 290, 248 84, 503 391, 150 58, 177 67, 225 254, 056 61, 396 377, 988 61, 086 64, 686 239, 654 33, 170 278, 163 57, 050 53, 135 259, 231 .053 .050 .048 .049 .043 .041 .038 .036 .034 .036 .039 .038 .059 .058 .054 .056 .052 .050 .046 .047 .044 .042 .043 .044 86, 612 72, 973 67, 704 74, 436 57, 412 77, 335 56, 153 74, 662 65, 983 71, 615 70, 138 76, 245 63, 014 78, 027 59, 501 81, 606 55, 791 76, 981 70, 341 66, 464 89, 286 73, 337 93, 145 86,429 60, 590 52 50, 394 2.7 31, 176 52, 537 51 45, 937 1.9 30, 109 51, 577 45 41, 119 1.5 27, 221 45, 831 47 45, 233 1.5 24,916 44, S82 48 44, 372 1.7 24, 483 49, 252 49 45, 782 1.6 27, 207 48, 237 48 44, 515 1.5 26, 811 40, 516 43 38, 304 1.6 22,828 48,029 41 40, 028 1.6 27, 290 44, 407 47 51, 529 2.2 27,495 55, 412 59 59, 119 2.7 31, 410 61, 919 58 53, 615 2.1 32, 173 COTTON MANUFACTURES Cotton yarn: * Carded sales yarnOrders, unfilled, end of mo. -thous. of lbs__ 28, 015 8,858 Production thous of Ibs Stocks, end of month thous. of Ibs.. 12, 771 Prices, wholesale— .173 22/ls, cones, Boston dolls, per lb._ 40/ls, southern, spinning dolls, per lb-_ .280 Cotton goods: Abrasive cloth. (See Paper Products.) Cotton cloth: 44, 042 Exports. _. __ thous. of sq. yds 3,514 Imports thous. of sq. yds.. Cotton textiles — OrdersNew (weekly average) thous. of yds.. 25, 577 Unfilled, end of month thous. of yds_. 218, 366 Production (weekly average) thous. of yds. . 51, 272 Shipments (weekly average) thous. of Ibs.. 40, 526 Stocks, end of month thous. of yds_. 302, 216 Fiber consumption for tires. (See Rubber and Rubber Products.) Prices, wholesalePrint cloth, 64 x 60 dolls, per yd .036 Sheeting, brown, 4 x 4 (Trion mill) .044 _ dolls, per yd.. Cotton cloth finishing: Printed only (mills and outside) — Production thous. of yds.. 57, 894 Stocks, end of month thous. of yds.. 88, 864 White, dyed and printed (outside mills)— Billings (finished goods) thous. of yds. _ 49, 573 Operations per ct. of capacity 46 Orders, new, gray yardage. -thous. of yds.. 34, 348 Orders, unfilled, end of mo days prod.. 1.6 Shipments (finished goods) cases ._ 27, 032 Stocks, end of month (finished goods) cases 16, 822 Spindle activity: Active spindles thousands.. . 23, 409 Active spindle hours, total mills, of hrs._ 5,195 Average per spindle in place hours.. 163 Operations per ct. of capacity 70.7 BATON AND SILK Rayon: Imports . thous. of Ibs Price, wholesale, 150 denier, "A" grade, N. Y dolls, per lb__ Stocks, imported, end of month..thous. of Ibs.. Silk: Deliveries (consumption) bales Imports, raw... thous. of Ibs.. Operations, machinery activity— Broad looms . per ct. of capacity Narrow looms per ct. of capacity Spinning spindles per ct. of capacity. . Prices, wholesale— Raw, Japanese, 13-15, N. Y.. dolls, per lb._ Silk goods, composite dolls, per yd_. Stocks, end of monthWorld, visible supply bales.. United States— At manufacturers bales At warehouses _ bales.. * Months do not contaia 16, 677 17, 141 16, 433 16,404 18,095 17, 467 18, 321 18,887 20, 175 18,837 17, 855 18, 876 26, 669 7,125 216 94.1 26, 379 6,733 204 89.6 25, 898 6,630 202 86.8 25, 826 6,528 200 86.0 25, 623 6,193 190 81.8 25, 237 6,540 201 88.1 25, 188 6, 595 203 85.1 24, 861 6,014 186 85.8 24, 638 5,951 184 79.3 25, 014 6,214 192 84.5 25, 190 6,567 204 92.5 24, 818 6,955 217 90.1 89 295 225 202 276 299 239 107 71 91 21 32 76 .75 .75 608 .75 574 .75 531 .75 528 .75 539 .75 468 .75 474 .75 430 .75 362 .75 342 .75 338 .75 315 35, 779 4,832 41, 356 4,823 45, 073 6,520 42, 161 6,409 44, 746 6,724 46, 454 7,167 53, 819 7,331 56, 668 9,524 50, 645 9,639 48, 432 8,861 58, 793 7,020 45,909 6,503 46, 761 5,673 56.3 43.1 38.7 90.9 44.6 51.8 76.3 42.5 49.5 75.6 43.9 42.8 76.4 35.3 44.6 79.4 38.2 48.7 90.5 48.3 53.4 93.0 38.0 56.4 83.9 42.4 56.4 89.4 41.8 51.7 88.9 41.0 50.0 73.5 44.6 46.1 60.2 47.2 41.5 1.421 2.266 .99 2.266 .99 2.463 .99 2.364 .98 2.512 .98 2.315 .98 2.266 .98 2.315 .98 1.970 .96 1.953 .96 1.891 .94 1.617 215, 671 217, 460 209,923 232, 731 254, 484 277, 830 293, 148 296, 935 311, 513 281, 779 263, 325 261, 140 20, 425 35, 497 18, 206 32, 688 18, 706 37, 352 16, 990 29, 921 21, 122 41, 878 20, 044 36,099 23, 176 49, 921 23, 435 67, 275 24, 651 69, 460 25, 180 62, 905 20, 510 70, 570 27, 157 62, 675 26, 337 57, 849 same mimber of weeks. » Revis 3d. 3 As of Dec . 1. 54 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey June, 1932 1931 1933 April April May i June 1933 Novem- Decem- JanuaryJ Febru! August Septem-! ber bcr ! October ber ary July March TEXTILE PRODUCTS—Continued WOOL Consumption, grease equivalent.thous. of lbs_. Imports, unmanufactured thous. of lbs_. Operations, machinery activity: Sets of cards . per ct. of capacity.. Combs per ct. of capacity.. LoomsCarpet and rug per ct. of capacity.. Narrow per ct. of capacity-Wide per ct. of capacity. _ Spinning spindlesWoolen per ct. of capacity-Worsted per ct. of capacity.. Prices, wholesale: Raw, territory, fine, scoured. ..dolls, 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 Ib Receipts at Boston, total thous. of lbs__ Domestic thous. of Ibs Foreign . thous. of Ibs 19, 954 4,186 47, 710 21, 258 44, 966 14, 168 45, 805 16, 868 53. 886 12, 987 51, 140 9,679 47, 548 11, 677 42, 990 13, 463 35, 424 6,977 31, 625 10, 536 34, 253 12, 556 34, 426 9,890 29, 384 6,422 30 36 57 82 60 97 60 107 64 115 65 115 61 109 53 74 48 86 40 65 50 69 54 76 45 52 28 21 28 44 42 54 46 45 58 40 % 38 43 64 38 45 70 40 44 63 38 39 49 30 31 45 26 26 44 28 25 51 30 22 61 31 26 48 26 29 55 57 60 66 61 73 64 83 66 78 63 70 53 49 46 51 39 49 52 53 58 51 45 37 .48 .18 .65 .22 .63 .20 .62 .20 .62 .21 .63 .23 .62 .22 .58 .21 .58 .21 .58 .21 .58 .21 .57 .21 .52 .19 1.300 1.494 1.494 1.494 1.494 1.490 1.400 1.400 1.400 1.400 1.400 1.400 1.400 .900 .968 .925 .925 .925 .925 .925 .925 .925 .925 .900 .900 .900 .87 6,526 5,414 1,112 1.00 17, 775 10, 376 7,399 1 00 30, 341 26 151 4, 190 1 00 56, 743 53 779 2, 964 1 00 79, 381 76 046 3,335 1 00 36, 850 34 445 2,405 .95 18, 707 16 595 2, 112 9,628 6 567 3,061 95 7,026 6, 163 863 .93 7,577 5,350 2, 227 93 11, 235 4 928 6,307 90 8,127 5 131 2,996 88 5,794 3 758 2 036 30, 481 21, 719 37, 732 14, 102 42, 942 18, 622 35, 453 21, 993 45, 618 18, 277 37, 504 17, 118 35, 432 17, 320 32, 428 13, 774 21, 590 19, Oil 33, 391 22, 800 30, 567 20 287 33, 041 17 131 57 55 71 61 138 118 79 68 101 95 72 62 62 50 86 76 69 52 87 73 87 73 106 68 45.2 9,408 443 395 1 720 1,199 5,615 44 7 9,224 315 272 901 1,124 5,324 45 0 9,252 729 202 1 999 1,018 4,474 31.3 8,803 390 256 2 025 1,015 6,033 45 0 8,689 866 399 1 528 969 5,465 42.9 8,583 534 451 2 014 1,031 6,609 46.9 8,640 924 445 2 025 969 3,760 42 3 8,629 1 061 563 1 500 715 2,651 43.0 8,794 485 416 2 044 654 1,644 32 4 8,518 1 733 2 117 807 1,638 'eoo 44 0 8,812 660 606 843 827 2,184 40.7 8,664 565 506 911 782 3 260 2 962 4 273 3,301 2 810 4 060 3 186 2 656 4 001 2 814 2 615 2 621 2 375 2 751 2 667 2 411 2 401 2 822 2 419 2 180 2 333 2' 184 1 986 1 759 1 709 1 789 2 083 1 902 2 175 2 121 1 956 2 327 2 408 2 239 2 660 2 549 2 271 MISCELLANEOUS PRODUCTS Burlaps and fibers, imports: Burlaps thous. of lbs_. 32, 346 Fibers long tons 11, 671 Buttons and shells: ButtonsImports total thous. of gross 76 From Philippines __thous. of gross.. 62 Fresh water pearlProduction per ct. of capacity Stocks, end of month. thous. of gross Shell imports total thous of Ibs 2 009 299 Mother of pearl thous. of Ibs Tagua nuts imports thous of Ibs 882 Elastic webbing, shipments thous. of dolls. _ 647 Fur sales by dealers. _ thous. of dolls 1,947 Pyroxylin-coated textiles (artificial leather) : Orders, unfilled, end of month thous. of linear yds Pvroxvlin spread thous of Ibs Shipments, billed thous. of linear yds TRANSPORTATION EQUIPMENT AIRPLANES Production total Commercial (licensed) Military (deliveries) For export -. number - number „-- number _. ..number.. AUTOMOBILES Exports: Canada321 Automobiles, assembled no. of cars.. 199 Passenger cars no. of cars.. United States— Autos and parts, value. (See Foreign Trade.) Automobiles, assembled, totaL.no. of cars.. 6,079 4,449 Passenger cars _ _ no. of cars 1,630 Trucks no. of cars.. Financing: Retail purchasers, total thous. of dolls.. 56, 428 New cars thous. of dolls.. 31,838 Used cars thous. of dolls.. 23, 077 1,514 Unclassified thous. of dolls _ 33, 906 Wholesale dealers thous of dolls Fire extinguishing equipment: Shipments29 Motor vehicle apparatus.number__ 18, 661 Hand types number Production: Automobiles — 6,810 Canada total .. no. of cars Passenger cars .. no. of cars . 5,660 United States, total .no. of cars.. 148, 013 Passenger cars no. of cars.. 120, 841 31 Taxicabs _ no. of cars _ Trucks no. of cars.. 27, 141 652 Automobile rims thous. rims Registrations, new passenger-cars*. -.number.. 119, 540 Sales (General Motors Corp.): To consumers . no. of cars.. 81, 573 To dealers, total no. of cars . 78, 359 69, 029 U S dealers no. of cars Shipments, accessories and parts: Accessories, original equipment 56 . Jan. 1925=100 Accessories to wholesalers Jan. 1925 = 100_. 45 110 Replacement parts Jan. 1925=100 58 Service eauionient Jan. 1925=100.. ' Georgia missing 279 208 63 8 360 291 58 11 360 262 77 21 274 215 44 15 238 164 56 18 168 100 57 11 197 100 87 10 121 60 54 7 147 61 75 11 120 35 77 8 126 38 81 6 131 61 61 9 1,172 763 1,512 1,083 1,021 789 934 644 740 542 690 557 630 476 398 275 244 147 548 225 683 233 567 237 16, 727 11, 228 5,499 12, 966 8,468 4,498 10, 183 5,843 4,340 9,996 6,478 3,518 8, 055 5,699 2,356 8,748 4,577 4,171 7,707 3,207 4,500 3,112 1,928 1,184 9,086 5,753 3,333 6,989 4,474 2,515 7,043 4,930 2,113 8,724 5,541 3,183 112, 982 70, 545 39, 546 2,891 71, 194 109, 372 68, 564 37, 782 3, 026 72, 623 104, 642 63, 555 37, 988 3,099 58, 172 95,911 59, 300 34, 126 2,484 48, 853 79, 598 46, 866 30, 486 2,246 43, 943 68, 285 38, 610 27, 581 2,095 35, 841 60, 692 33, 196 25, 882 1,614 25 770 48, 569 25, 395 21, 891 1,283 15, 720 50, 432 27, 306 21, 860 1,267 29 257 44, 629 23, 476 19, 974 1,179 34, 842 44, 829 23, 623 19, 942 1,264 33, 276 2 51, 148 2 26, 888 2 22, 780 1,481 2 34, 121 72 32, 538 75 31,117 90 29, 696 72 29, 895 81 26, 334 64 28, 720 80 24, 729 58 20, 624 76 19, 437 39 19, 955 27 18, 787 41 17, 665 17, 159 14, 043 336, 939 286, 252 685 50, 022 1,718 265, 732 12, 738 10, 621 317, 163 271, 135 340 45, 688 1, 508 247, 727 6, 835 5,583 250, 640 210, 036 360 40, 244 1,085 201,911 4,220 3,151 218, 490 183, 993 180 34, 317 813 194, 322 4,544 3,426 187, 197 155, 321 104 31, 772 924 155, 744 2,646 2,108 140, 566 109, 087 141 31, 338 505 124, 903 1, 440 761 80, 142 57, 764 651 21, 727 282 102, 659 1,247 812 68, 867 48, 185 999 19, 683 638 75, 829 2,432 2,024 121, 541 96, 753 1,144 23,644 714 77, 564 3,731 3,112 119,344 98, 706 97 20, 541 811 85, 684 5,477 4,494 117,418 94, 085 25 23, 308 726 81, 853 8,318 6,604 118, 959 99 325 74 19, 560 648 91, 297 135, 663 154, 252 132, 629 122, 717 153, 730 136, 778 103, 303 111,668 100, 270 85, 054 87, 449 78, 723 69, 876 70, 078 62, 667 51, 740 58, 122 47, 895 49, 042 25, 975 21, 305 34, 673 29, 359 23, 716 53, 588 79, 529 68, 650 47, 942 74, 710 65, 382 46, 855 62, 850 52, 539 48, 717 59, 696 48, 383 129 91 127 66 61 61 122 127 128 102 118 117 since December, 1932. 79 57 124 85 70 66 127 80 54 66 138 67 37 48 80 73 102 129 69 60 1 Revised. 59 66 94 49 63 57 96 56 61 53 81 57 58 52 107 62 SURVEY OF CURRENT BUSINESS June, 1932 | 1932 1931 -J f)QO Earlier data, together with explanatory { footnotes, may be found in the 1932 \ Annual Supplement to the Survey ! April 55 April May June October NovemAugust September ber July «^f -January FebruMarch ary D TRANSPORTATION EQUIPMENT—Continued RAILWAY EQUIPMENT Equipment condition: Freight cars owned— Capacity . mill. Ibs 204, 945 Number total thous of cars 2 181 Bad order, total number of cars.. 218. 303 Per cent of total in bad order __ _ 10. 1 Locomotives, railway — Owned— Tractive power mills Ibs 2 475 Number, total number 53,815 Awaiting classified repairs number. _ 7,851 Per cent of total 15 0 Installed number-42 Retired - .number. . 229 Passenger cars— On railroads (end of quarter) number. . Equipment manufacturing: Freight carsOrders, now, placed by railroads cars.. 0 Orders, unfilled, total _ cars.Equipment manufacturers - cars_. Railroad shops cars Shipments, total cars._ 4 4 Domestic _ cars Locomotives, industrial electric (quarterly)— Shipments, total number-Mining use number-Locomotives, railway— Orders, new, placed by railroads-number. . 0 Orders, unfilled, end of month — Equipment manufacturers (Census) total number 162 Domestic, total number154 Electric number-128 Steam _ number 26 Railroad shops (A. R. A.) number-6 Shipments — Domestic, total number-8 2 Electric number 6 Steam _ __number_0 Exports total number Electric number. _ 0 Steam ._ number-o Passenger cars— Orders, new, placed by railroads,number_0 Orders unfilled (end of quarter) number 0 Shipments, total _ number 0 Domestic number.. 209 958 2 249 162, 966 74 209 645 2 244 170, 165 7 7 208 579 2 2?9 172, 776 79 208 207 2 224 181, 702 8.3 207 947 2 220 187, 585 86 207 638 9 216 194, 127 8 9 207 290 2 211 194, 948 9 0 206, 842 2 205 196, 324 9.0 205, 913 2 193 187, 666 8.7 205, 745 2 191 195, 462 9.0 205, 509 2 188 206, 461 9.6 o 590 55 366 5, 958 10 9 67 151 2 518 55 278 5, 910 10 8 94 182 2 513 55 098 5, 938 10 9 114 291 2 513 55 056 5, 913 10 9 66 108 2 514 55 029 6,173 11 4 95 122 2 512 54 967 6,310 11 7 51 113 2 509 54 889 6,485 12 0 61 139 2 509 54, 861 6,836 12 7 2 496 54, 462 6, 990 13 0 2,489 54, 228 7,331 13 7 2, 487 54, 166 7,814 14 7 51, 136 2,768 7 542 2, 176 5 366 1,082 1 082 46 6,585 1,599 4 986 648 646 972 7, 179 2,070 5,109 615 555 53 81 50, 060 443 6, 466 1, 336 5 130 341 341 534 5 746 866 4 880 524 499 3 5 100 534 4 566 780 776 86 82 798 4 610 314 4 296 404 404 28 4,252 220 4,032 150 150 2 3 6 1 0 20 106 87 18 69 24 84 65 18 47 20 142 123 93 30 16 132 113 93 20 14 115 106 88 18 13 158 149 135 14 12 147 139 132 7 4 165 15 3 12 2 0 2 26 23 4 19 2 1 1 15 4 11 2 0 2 3 1 2 7 3 4 11 0 11 11 3 8 4 3 1 o 0 0 21 0 0 0 21 o 0 o 40 102 11 5,042 1,340 3,702 546 542 11 J 2 481 54, 002 7,642 1 45 33 199 50, 327 159 3, 650 259 3,391 320 262 10 3.214 150 3,064 10 10 24 24 40 37 151 o 51 285 a 50, 437 7 26 3 0 3 68 46 205, 287 2 186 209, 271 9.7 105 2,974 150 2,824 3 3 18 18 0 0 0 153 162 177 178 173 170 132 21 10 130 32 9 130 33 8 130 32 6 130 32 6 7 1 2 2 6 0 0 0 1 0 0 0 163 162 162 0 0 0 1 4 0 3 0 0 0 4 0 3 0 15 30 0 2 2 0 0 0 0 0 43 22 29 26 o 0 0 o 4 0 0 38 38 0 24 13 13 0 37 37 2 2 8 8 0 16 0 0 17 17 0 71 48 23 69 69 0 75 50 25 78 63 15 50 37 13 43 39 4 17 16 173 17, 532 13, 848 397 13, 766 4,985 370 34, 527 28, 613 359 22, 647 16, 964 326 30, 471 25, 363 299 11, 554 7,150 294 27, 906 25, 002 288 279 249 252 4,261 1,201 23, 229 19, 402 23, 055 19, 549 2,913 1,594 1 1 ELECTRIC TRUCKS AND TRACTORS Shipments, industrial, total Domestic Exports number.. number-number... T 19 2 21 1 29 0 20 26 0 20 0 229 3,703 2,610 41, 991 33, 509 SHIPBUILDING United States: Merchant vessels u n d e r c o n s t r u c t i o n __ _ __„ thous. gross tons.. Completed during month__total gross tons.. Steel total gross tons. _ World (quarterly): Launched— Number ships Tonnage thous gross tons Under construction— Number ships Tonnage thous gross tons 176 472 109 387 90 302 372 1 826 290 1 531 1 404 174 63 125 281 268 1,298 CANAEHAN STAT ISTIC3s Business indexes: Bank debits 1919-1924=100 Carloadings 1919-1924 = 100. . EniDloyment in trade 1919-1924=100.Exports (volume) 1919-1924=100 Imports (volume) 1919-1924 =100. . Industrial production, total 1919-1924=100 C onstruction 19 19-1924 — 100 Forestry 1919-1924=100 Manufacturing 1919-1924=100 _ Mining 1919-1924= 100. . Shares traded 1919-1924=100 Commodity prices: Cost of living index _ 1926=100 Wholesale price index 1926 = 100_ _ Employment, total (first of month). 1926=100- _ Construction and maintenance 1926= 100.. Manufacturing 1926=100 Mining 1926 = 100-Service 1926=100-. Trade 1926=100 TransDortation 1926=100-. 2 Revised. 84.1 68.4 87.5 79.9 87.3 101.0 113.9 114.3 81.9 139.1 114.2 137. 5 107. 6 120.6 145. 6 92 0 177.2 145.9 146.1 188.5 145.0 103. 5 136. 7 124.5 143.5 158.2 120.1 165. 8 183.6 149.7 336.1 131.0 101.9 137.0 102.5 99.8 133.9 99 0 160.5 135. 7 112.0 208.5 119. 1 96.3 133.0 81.9 104.0 138. 5 136 0 152. 1 137. 2 126. 5 97.0 119. 5 92.3 132.7 89.6 92.6 132.3 119 5 135.6 136. 3 112.3 66.9 129.0 82.2 131.2 98.6 96.0 137.3 182.2 148.5 130.6 124.2 172.9 103.6 82.2 131.5 84.0 93.0 130. 5 153 5 147.0 121.9 139.5 121.6 114.2 81.0 128.4 75. 2 92.2 125.0 158 0 140.9 117.7 115. 3 170.5 in. i 83.4 129.0 73.0 87.8 119.0 80 7 136. 8 118.5 132.1 49.4 105. 6 81.6 128.9 88.0 82.8 125. 6 159 2 136. 5 117.2 131. 6 49.7 116. 4 89.4 127.1 89.7 87.0 128.7 153 5 134.2 119.4 160. 4 53. 8 109.6 84.7 127.3 74.2 100.4 122.4 92 5 128.6 123.3 136.1 71.2 91.6 74.5 99.7 96.8 99.7 108.1 122.0 123. 1 94.3 90.2 73.0 102.2 106.6 100.7 106.0 123.1 123.3 96.6 88.7 72.2 103.6 121.8 99.4 105.3 125.9 124.0 98.6 88.6 71.7 103.8 137.1 97.2 104.1 130.8 124.0 97.7 88.9 70.9 105.2 162.8 94.7 104.5 133.0 120.9 97.8 87.8 70.0 107.1 176.8 94.7 105.6 134. 8 120.8 97.8 86.4 70.4 103.9 164. 5 91.8 108.2 125.5 120.8 95.2 86.4 70.6 103.0 165.4 88.8 107.9 117.5 122.8 95.4 85.9 70.3 99.1 128.8 89.6 107.5 116.1 125.6 93.5 85.4 69.4 91.6 104.8 83 9 105. 1 114.4 125.7 85.6 84.5 69.2 89.7 90.4 85 9 102.4 112.1 117.2 83.4 84.3 69.1 88.7 83.3 87.0 101. 1 114.7 113.6 81.9 56 SURVEY OF CURRENT BUSINESS Earlier data, together with explanatory footnotes, may be found in the 1932 Annual Supplement to the Survey 193^* June, 1932 1931 April April i May June July 1932 DecemAugust SeptemOctober NovemJanuary! ber ber ^ry^ ^arcn CANADIAN STATISTICS—Continued .Finance: Banking— : Bank debits mills, of dolls. . Exchange. (See Finance.) Interest rates 1926 — 100 Commercial failures number Life insurance, sales of ordinary life (15 cos.) thous. of dolls-. Security issues and prices— New bond issues, total. _thous. of dolls_Corporation thous of dolls Domininion and provincial thous. of dolls . Municipal thous. of dolls-_ Railways thous. of dolls Bond yields per cent__ Common stock prices, total... 1926 =100. _ Banks 1926 = 100 . Industrials 1926=100 Utilities 1926 = 100 foreign trade: Exports thous of dolls Imports thous. of dolls.. Exports, volume— Automobiles. (See Transportation Equip.) Newsprint. (See Paper and Paper Products.) Wheat -. thous. of bush . Wheat flour thous of bbls Trade with U. S. (See Foreign Trade.) .Railway Statistics: Carloadings thous. of cars Financial resultsOperating revenues thous. of dolls Operating expenses thous of dolls Operating income thous. of dolls Operating resultsFreight carried 1 mile mills, of tons Passengers carried 1 mile mills of passengers 'Commodity statistics: Production —• Automobiles. (See Transportation Equip.) Electrical energy, central stations mills, of kw. -hours Pig iron thous. of long tons.. Steel ingots and castings thous. of long tons.. Livestock, inspected slaughterCattle and calves thous. of animals. . Swine - thous. of animals. _ Sheep and lambs thous. of animals-Newsprint. (See Paper and Paper Products.) Silver. (See Finance.) Wheat, visible supply. (See Foodstuffs.) Wheat flour thous. of bbls d., deficit. 2,786 3, 172 2,694 2,400 2,244 2, 451 2,587 2,842 2,638 2,071 1,990 2,024 111.3 228 92.9 200 91.9 196 91.9 174 92.9 223 91.9 164 97.1 230 103.3 256 105.4 275 108.6 263 119.8 293 115.9 200 110.6 208 33, 629 45, 648 41,314 46, 227 39, 977 35, 738 30,066 36, 006 38, 860 47, 163 37, 331 38, 145 37, 467 14,231 1,660 57, 993 3,975 666, 840 9,660 52, 240 5,085 7,133 683 1,923 400 51, 073 240 436 150 215, 033 0 200 200 47, 647 0 21, 085 6,000 34, 978 0 25, 764 650, 141 7,039 28, 254 0 0 4.40 4.45 81.4 97.1 109. 1 101.3 106.8 89.0 85.2 104.8 33, 650 13, 505 0 4.40 80.1 97.1 91.1 80.4 5,000 1, 450 0 4.45 83.7 100.3 94.6 81.7 0 1,523 0 4.40 81.3 97.3 94.4 76.6 0 833 50, 000 4.65 68.6 94.3 79.3 65.4 0 215, 000 286 33 0 0 4.95 5.05 64.6 71.9 92.9 92.9 74.3 86.6 60. 1 63.5 0 0 0 5.20 64.8 92.9 74.3 59.3 30, 212 17, 435 0 5.74 64.8 90.3 73.7 59.1 10, 000 5,085 0 5.55 63.5 86. 1 71.1 59.1 4,000 18, 478 12, 500 5.30 64.1 86.0 71.5 59.8 27, 455 29, 794 34, 674 51, 189 60, 845 73,457 55, 320 52, 508 50, 671 48, 379 49, 894 47, 308 49, 909 45, 379 56, 534 45, 933 58, 430 46,911 54, 218 40, 290 39, 063 34, 115 37, 019 35, 586 41,019 57, 448 7,513 255 4,681 326 29, 522 481 20, 783 490 12, 005 467 11,909 522 14, 336 557 18, 925 558 27, 452 476 22, 356 451 9,472 332 9,898 358 9,921 415 214 216 222 207 205 227 265 231 185 166 174 183 31, 688 24, 012 6,659 27, 732 23, 769 3,380 22, 120 21, 781 d. 486 22, 294 22, 196 821 2,750 9,821 0 54.0 85.8 58.2 48.9 90 229 30 30,912 27, 273 2, 642 30, 934 28, 768 1,185 30, 480 28, 582 1,053 29, 352 27,304 1,186 28, 265 26,393 921 30, 158 25, 122 4,149 32, 611 25, 248 6,377 2,136 2,178 2,207 1,770 1,636 2,057 2,927 2,805 1,878 1,605 1,659 139 134 160 186 190 152 113 92 140 113 107 1,411 54 1,366 51 1,290 56 1,251 40 1,256 23 1,288 18 1,428 12 1,415 14 1,432 14 1,419 10 1,330 11 1,403 18 91 75 56 45 52 33 31 28 21 25 28 44 101 172 27 103 158 23 92 164 56 77 148 71 78 162 81 80 204 117 80 247 193 75 259 98 66 247 55 65 264 48 62 240 35 88 233 37 1,058 1,183 1,121 1,319 1,333 1,516 1,694 1,812 1,175 851 842 1,054 SNDEX TO MONTHLY BUSINESS STATISTECS Page Abrasive paper and cloth 51 Acceptances, bankers' 30 Accessories, automobile 55 Advertising, magazine, newspaper, radio 25, 26 Africa, United States trade with 34 Agencies, employment; applicants, placements 28 Agricultural wages, loans 29,30 Air conditioning equipment 48 Air mail 26 Airplanes 55 Alcohol, denatured, ethyl, methanol... 23,36 Aluminum 49 Animal fats, glues, greases 36,37 Anthracite industry. 22,29,42 Apparel, wearing 29, 53 Argentina, United States trade with; exchange; flaxseed stocks 31,34,37 Asia, United States trade with 34 Asphalt 43 Automobiles 22,27,28,29,55 Babbitt metal.__ 49 Bank suspensions 30 Barley 39 Bathroom fixtures — 46,47 Beef and veal 40 Bituminous coal 22,28,29,42 Binder's board 51 Boiler and boiler fittings 46 Bonds, prices, sales, value, yields 32,33 Book publication 51 Boxes, paper, shipping 51 Brass _. 50 Brazil, coffee; exchange; United States trade with 31,34,41 Brick 52 Brokers' loans _. _30 Bronze 50 Building contracts awarded 24 Building costs 25 Building materials 24,25,44,45,48,52,53 Business activity index (Annalist) 22 Business failures - - - 30,31 Butter 39 Canadian statistics 56 Candy 41 Canal traffic 35 Capital issues 32 Carloadings 22,35 Cattle and calves 40,43 Cement 22,27,29,53 Chain store sales 26,27 Cheese 39 Chile, exchange; United States trade with.__ 31,34 Cigars and cigarettes 42 Clay products, _ _. 23,24,27,29,52,53 Clothing 24,27,28,29,53 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 and value 24 Costs 25 Highways 25 Material costs 25 Volume 25 Copper 22,23,49 Copper wire cloth.... 50 Copra and coconut oil 37 Corn 39 Cost of living index 23 Cotton, raw and manufactures 23, 53, 54 Cottonseed, cake and meal, oil 37 Crops .-- 23,37,39,40,53 Dairy products . 23,39 Debits, bank 30 Debt, United States Government 32 Department store sales and stocks 27 Deposits, bank 30 Disputes, labor 28 Dividend payments _ _. 33 Douglas fir 45 Earnings, factory 29 Eggs 23,41 Electric power, production, sales, revenues.. 22,38 Electrical energy, consumption index 22, 23 Electrical equipment 49 Electric railways 34 Employment: Cities and States 28 Factory, Federal Reserve Board indexes.. 27,28 Nonmanufacturing 28 Miscellaneous data 28 Emigration 35 Enameled ware 46,47 Engineering construction 24 England, exchange; United States trade with. 31,34 Exchange rates, foreign 31 Expenditures, United States Government 32 Explosives 36 Page Exports 34 Factory employment, pay rolls, operations 27, 28, 29 Factory operations, proportion of full time worked . 28 Failures, bank; commercial 30,31 Fares, street railways 34 Farm employees 28 Farm prices, index 24 Federal Government, finances 32 Federal-aid highways 25 Federal reserve banks, condition of 30 Federal reserve member banks 30 Fertilizers 36 Fire-extinguishing equipment 55 Fire losses __ 25 Fish and fish oils 23,37,41 Flaxseed 37 Flooring, oak, maple, beech, and birch 44 Flour, wheat 40 Food products 22,23,27,39 Footwear -44,52 Foreign trade, indexes, values . 34 Foundry equipment 48 France, exchange; United States trade with 31,34,35 Freight cars (equipment) 27,55 Freight carloadings, cars, indexes 35 Freight-car surplus 35 Fruits 23,39 Fuel equipment 48 Fuels 42,43 Furniture 45,47 Gas, customers, sales, revenues 38 Gas and fuel oils 43 Gasoline 43 General Motors sales __ 55 Glass and glassware 22,27,53 Gloves and mittens 44 Gold 31 Goods in warehouses 26 Grains _ 23,39,40 Hardware, sales 45 Hardwoods 44 Heels, rubber 52 Hides and skins 43 Hogs 40,41,43 Hosiery 53 Hotels ... 28,29,35 Housing 23,25 Illinois, employees, factory earnings 28,29 Imports . 34 Income-tax receipts 32 Incorporations, business 26 Industrial production, indexes 22 Installment sales, New England 27 Insurance, life „ 31 Interest payments 33 Interest rates 30 Investments, Federal reserve member banks. 30 Iron, ore; crude; manufactures 22,45,46 Italy, exchange; United States trade with... 31,34 Japan, exchange; United States trade with.. 31,34 Kerosene 43 Labor, turnover, disputes, applicants, placements 28 Lamb and mutton 41,43 Lard 41 Lead____ 49 Leather . 122,24,27,28,43 Leather, artificial 54 Liberty bonds 32 Life insurance 31 Linseed oil, cake, and meal . 37 Livestock 23,40,41,43 Loans, agricultural, brokers', time 30 Locomotives „ .___ 55 Looms, woolen, activity 54 Lubricating oil 43 Lumber 22,23,27,44,45 Lumber yards, sales, stocks 44 Machine activity, cotton, silk, wool 54 Machinery 27,29,34,48,49 Machine tools, orders, shipments 48 Magazine advertising 25, 26 Manufacturing 22 Marketings, agricultural, forest products 23 Maryland, employment. 28 Massachusetts, employment 28 Meats 40,41 Metals 22,23,27,45 Methanol . 35 Mexico, petroleum production and exports. _ 42 Silver production 32 United States trade with____, 34 Milk..... 39 Minerals 22,42,45,49,53 Money in circulation 31 Naval stores . 23,36 Netherlands, exchange 31 New Jersey, employment, pay rolls 28,29 Newsprint 51 New York, employment, pay rolls, canal traffic 28,29,35 New York Stock Exchange 30,32,33 Notes in circulation 30 Page Oats __ __ 39 Oceania, United States trade with 34 Ohio employment 28 Ohio River traffic 35 Oils and fats.. _ 36,37 Oleomargarine 37 Orders, indexes, new and unfilled 23 Paints 38 Passengers, street railways; Pullman 34,35 Passports issued 35 Paper and pulp 22,23,27,50,51 Pay rolls: Factory, Federal Reserve Board 29 Factory, by States 29 Nonmanufacturing industries 29 Pennsylvania, employment 28 Petroleum and products 22,27,42,43 Pig iron 22,46 Pork 41 Postal business 26 Postal savings 30 Poultry 23,41 Prices: Cost of living, indexes 23 Farm, indexes 24 Retail, indexes 24 Wholesale, indexes 24 Printing 51 Production, industrial 22 Profits, corporation 32 Public finance 32 Public utilities __ 28,34,35,38 Pullman Co 35 Pumps 48 Radio, advertising 25 Railroads; operations; equipment; financial statistics 35,55 Railways, street 34 Rayon 54 Real-estate-market activity _ 25 Registrations, automobiles 55 Rents, index „ 23 Retail trade: Chain stores— 5 and 10 _ 26 Grocery . 26 Restaurant 27 Department stores 27 Mail order 27 Roofing _ 38 Rice 40 Rubber, crude; scrap; clothing; footwear; tires 22,23,27,51.52 Rye . __ 40 Sanitary ware 47, 48 Savings deposits 30 Sheep and lambs 41 Shoes _ _ . . 22,27,28,29,44 Shipbuilding 22, 27, 56 Silk 22,23,54 Silver 22,32 Skins 43 Softwoods 45 Spain, exchange 31 Spindle activity, cotton 54 Steel, crude; manufactures 22,47 Stockholders 33 Stock indexes, domestic and world 23 Stocks, department stores 27 Stocks, issues, prices, sales, yields Stone, clay, and glass products 32, 33 22,52 Sugar 23,41 Sulphur 36 Sulphuric acid 36 Superphosphate 36 Tea 23,41 Telephones and telegraphs 35 Terra cotta. 53 Textiles, miscellaneous products 54 Timber 44 Tin 23,49 Tires 22,27,52 Tobacco 27,42 Tools, machine 48 Trade-unions, employment 28 Travel 35 Trucks and tractors, industrial electric 56 United Kingdom, exchange; United States trade with 31,34 Uruguay, exchange 31 United States Steel Corporation 29,33 Utilities 28,29,32,34,35,38,55 Vegetable oils 37 Vegetables 23,39 Wages 25,29 Warehouses, space occupied 26 Waterway traffic 35 Wheat and flour 23,40 Wholesale prices. 24 Wisconsin, employment; payrolls 28,29 Wood pulp 50 Wool 22,23,54 Zinc 22,49 WTiolesale Grocers \Vhat °/o of your sales do these items represent— Salaries and wages? Interest? Rent? Delivery expense? Sales expense? Insurance? Taxes? Postage and office supplies? Depreciation? WHOLESALE GROCERY OPERATIONS, Part IV of the Louisville Grocery Survey, analyses in detail the operations of a service wholesale house, makes an intensive customer study of an establishment which is both a cooperative and a service jobber, compares the operating costs of an efficient service wholesaler and an efficient cooperative wholesaler, and gives details of the operations of a firm which combines the processing of food products with the merchandising function. It answers many questions that wholesalers should as\ in their efforts to reduce operating costs and render better service. DISTRIBUTION COST STUDIES No. 14 RETAIL CREDIT SURVEY DOMESTIC COMMERCE SERIES No. 64 5 cents 20 CENTS just published, shows that although collections were slower and bad-^bt losses higher in the last six months of 1931 than in tire corresponding period of the previous year, nevertheless, retailers continued to extend credit to charge account and installment customers and customers on the whole continued to meet their obligations and make new purchases in approximately the same proportion to cash sales as formerly. Increased efficiency of credit managers is offered as one explanation. Every retailer who does a credit business should have this bulletin. For sale by the Superintendent of Documents, United States Government Printing Office, Washington, D. C., or any district office of the United States Department of Commerce U. f . GOVERNMENT MINTING OFFICE* 1BJ1