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SEPTEMBER 1933

SURVEY
OF

CURRENT BUSINESS

UNITED STATES
DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON




VOLUME 13

NUMBER 9

U.S. DEPARTMENT

GO

E R C E

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

* DANIEL G. ROPER, Secretary

W I L L A R D L. T H O R P , Director

Assistant Director: H. RUSSELL AMORY
Administrative Assistant: WHAETON MOORE
Editor "Survey of Current Business ": M. JOSEPH MEEHAN

Commodity Divisions and Chiefs

Cooperative Offices

As a result of the recent reorganization in the Bureau, a number of commodity
divisions have been consolidated, as indicated below.

[.Except where otherwise indicated, the address i s : Foreign Trade Secretary, Chamber of
Commerce]

Aeronautics Trade-—Automotive:
A. W.
Childs.
Agricultural Implements—Industrial Machinery: Walter H. RastaU.
Chemical:'Charles C Concannon.
Electrical Equipment: Marshall T. Jones.
Foodstuffs: Edward G. Montgomery.
Iron and Steel: Luther Becker.

Wilbur J. Page.
Leather—Rubber—Shoe
Lumber—Paper— Wood Utilization: A. H.
Oxholm,
Minerals: James W. Furness.
Specialties—Motion
Pictures:
Eric T.
King.
Textiles: Edward T. Pickard.
Tobacco: B. D. Hill.

Technical Divisions and Chiefs
Commercial Intelligence: Arthur S. Hillyer.
Commercial Laws: C. J . Junkin.
Economic Research: E. A. Tupper, Acting
Chief.
Editorial: Griffith Evans.
Finance and Investment: Grosvenor Jones.
Foreign Tariffs: Henry Chalmers.

Marketing Service: Edwin B. George.
Regional Information: Louis Dome-ratzky.
Statistics: Walter Asmuth, Acting Chief.
Section Customs StaiUticij New York: L. J.
Ma honey.
Transportation and Communication: Thomas
E. Lyons, Acting Chief.

Administrative Divisions and Chiefs
Correspondence: Royal H. Bragel.
Foreign Service: Walter L. Miller.
District Offices: Harold Dotterer.

District 0Sices
Address District Manager, Bureau of Foreign and Domestic Commerce
Atlanta, Qa.: 504 Post Office Building.
Birmingham, Ala.: 257 Federal Building.
Boston, Mass.: 1800 Customhouse.
Buffalo, N.Y.: Chamber of Commerce Building.
Charleston, 8.C.: Chamber of Commerce Building.
Chicago, III.: Suite 1706, 201 N. Wells Street.
Dallas, Tex.: Chamber of Commerce Building.
Detroit, Mich.: 801 First National Bank Building.
Houston, Tex.: Chamber of Commerce Building.
Jacksonville, Flo.: 18 Chamber of Commerce Building.
Kansas City, Mo.: Care of Chamber of Commerce, 1028 Baltimore Avenue.
Los Angeles, Calif.: 1163 South Broadway.
Louisville, Ky.: 408 Federal Building.
Memphis, Tenn.: 229 Federal Building.
Minneapolis, Minn.: 218 Federal Building.
New Orleans, La.: Boom 225-A, Customhouse.
New York, N.Y.: 784 Customhouse.
Norfolk, Va.: 406 E. Plume Street.
Philadelphia, Pa.: Suite 033, Commercial Trust Building.
Pittsburgh, Pa.: Chamber of Commerce Building.
Portland, Oreg.: 215 New Post Office Building.
St. Louis, Mo.: Suite 1216, 506 Olive Street.
San Francisco, Calif.: 811 Customhouse.
Seattle, Wash.: 809 Federal Building.




Akron, Ohio.
(1) Anniston, Ala.
(2) Baltimore, Md.
Beaumont, Tex.
Binghamton, N.Y.
(3)"Bridgeport, Conn,
(3) Chattanooga, Tenn.
Cincinnati, Ohio,
Cleveland, Ohio.
Cohimrus, Uai.
Columbus, Ohio.
Dayton, Ohio.
Erie, Pa.

Fort Smith, Ark.
Fort Wayne, Ind.
Fort Worth, Tex.
Greensboro, N.C.
(3) Hartford, Conn.
(4) Indianapolis, Ind.
Keokuk, Iowa.
(4) Lake Charles, La.
Laredo, Tex,
Longview, Wash.
Lowell, Mass.
Mobile, Ala.
Newark, N.J.

New Haven, Conn.
Oakland, Calif.
Oklahoma City, Okla.
Omaha, Nebr.
Pensacola, Fla.
(5) Portland, Maine
Providence, R.I.
(6) Raleigh, N.C.
Richmond, Va.
Rochester, N.Y.
Rockford, 111.
San Antonio, Tex.
San Diego, Calif.

South Bend, Ind,
Spokane, Wash.
Springfield, Mass.
Syracuse, N.Y.
Tacoma, Wash.
Tampa, Fla.
Toledo, Ohio.
Trenton, N.J.
Tulsa, Okla.
Waterbury,Conn.
Wichita, Kans.
Wilmington, Del.
Worcester, Mass.

(1) United Chambers of Commerce.
(2) Export and Import Bureau, Association
of Commerce.
(3) Manufacturers' Association.
(4) Association of Commerce.
(5) Associated Industries of Maine. (6) Department of Conservation and Development.

Foreign OfSces
Requests for foreign commercial and economic information based on the investigations
of this Department's foreign offices should be addressed to the Bureau of Foreign and
Domestic Commerce in Washington or to the nearest district office. Commercial
attaches and trade commissioners are not permitted to reply to direct inquiries from
American firms. Such inquiries, when received by this Department's foreign offices, are
turned over to the Consular Service of the Department of State for such service to the
inquirer as is permitted by the Consular Regulations.
For the benefit of business men who contemplate travel abroad, the addresses of this
Department's foreign offices are listed below. Asterisks indicate those offices which arcin charge of trade commissioners, the others being in charge of commercial attaches.
Athens, Greece: 1 Bucharest Street.
*Batavia, Java, Netherland East Indies: Kali Besar, West 2.
Berlin, Germany: Bellevuestrasse 8.
Bogota, Colombia: Edificio del Banco Hipotecario de Colombia. (Mail: Apartado 798.)
Brussels, Belgium: 27 Avenue des Arts.
Buenos Aires, Argentina: Avenida R. S. Pena 567.
Cairo, Egypt: Apartment no. 7, 4 Rue Baehler (Kasr el Nil).
^Calcutta, India: 10 Clive Street.
Copenhagen, Denmark: Toldbodvej 7-b.
Habana, Cuba: Obispo 7. (Mail: Apartado 2229.)
The Hague, Netherlands: American Legation.
Istanbul, Turkey: American Embassy, Rue Cabristan.
Johannesburg, South Africa: 42 Standard Bank Chambers, Commissioner Street.
Lima, Peru: Edificio Italia, Calles de Coca y Jesus Nazereno.
London, England: Bush House, Aldwyeh, London, W. C. 2.
Madrid, Spain: Avenida Conde Penalver 18.
* Manila, P.I.: 410 Heacock Building.
Mexico City, Mexico: Paseo de la Reforma no. 2.
Ottawa, Canada: United States Legation Building. (Mail: Box 547.)
Panama City, Panama: National City Bank Building, Avenida Central. (Mail: Box 346.)
Paris, France: 5 Rue de Chaillot.
Prague, Czechoslovakia: Ara Building, Perlova 9.
Rio de Janeiro, Brazil: Edificio Costa, Avenida Rio Branco 114.
Rome, Italy: American Embassy, Rome (5).
Santiago, Chile: 7° Piso, Edificio Sud America, Casilla, 27-D.
Shanghai, China: Box 605, 3 Canton Road.
* Singapore, Straits Settlements: Room 7-a Ocean Building.
Stockholm, Sweden: Kungsgatan 30.
* Sydney, Australia: Yorkshire House, corner Pitt and Spring Streets.
Tokyo, Japan: American Embassy.
Vienna, Austria: I Bosendorferstrasse 13.
Warsaw, Poland: Bracka 18.

Number 9

SEPTEMBER 1933

Volume 13

WEEKLY DATA THROUGH AUGUST 26, 1933
MONTHLY DATA THROUGH JULY

SURVEY OF
CURRENT BUSINESS
PUBLISHED BY

UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON

CONTENTS
STATISTICAL DATA—Continued

SUMMARIES AND CHARTS
Page
2
3
4
5
6
7

Business indicators
Business situation summarized
Comparison of principal data, 1929 to 1933
Commodity prices
.Domestic trade
Employment
Finance:
Credit and banking
Security and money markets
Foreign trade
Real estate and construction
Transportation
Survey of individual industries:
Automobiles and rubber
Chemicals
Farm and food products
Forest products
Iron and steel
Textiles.
•
,
STATISTICAL DATA
New and revised series:
Employment, pay rolls, and wages:
Employment and pay rolls—Revised series on Pennsylvania,
Philadelphia, New Jersey, and Delaware
Construction wage rates, new series
Construction contracts awarded—Revision of data on nonresidential and commercial buildings, public works, and public
utilities
Weekly business^statistlcs

8
9
10
11
12
13
14
15
16
17
18

19
19
20
21

Monthly business statistics:
Page
Business indexes
22
Commodity prices
23
Construction and real estate
24
Domestic trade
25
Employment conditions and wages
27
Finance
30
Foreign trade
34
Transportation and communications
34
Statistics on individual industries:
Chemicals and allied products
36
Electric power and gas
38
Foodstuffs and tobacco
39
Fuels and byproducts
42
Leather and products
43
Lumber and manufactures
44
Metals and manufactures:
Iron and steel
45
Machinery and apparatus
47
Nonferrous metals and products
48
Paper and printing
49
Rubber and products
50
Stone, clay, and glass products
51
Textile products
52
Transportation equipment
54
Canadian statistics
55
Index of revisions made in December 1932 and June 1933 issues
56
General index
Inside back cover

Subscription price of the SURVEY OF CURRENT BUSINESS is 31.50 a year, which includes the 12 monthly numbers, the 1932 annual
supplement, and the 52 weekly supplements. Single copy price: Monthly, 10 cents; weekly, 5 cents; annual, 40 centa.
Foreign subscriptions, 33, including weekly and 1932 annual supplements. Make remittances only to
Superintendent ofjDocuments, 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
7574—33

1




SURVEY OF CURRENT BUSINESS

September 1933

Business Indicators
1 9 2 3 - 2 5 = 100

INDUSTRIAL PRODUCTION

160

IG0

INDUSTRIAL PRODUCTION
^ MANUFACTURES (ADJUSTED)9

•TOTAL (ADJUSTED)

f

MINERALS (ADJUSJED)

I

FACTORY EMPLOYMENT AND PAYROLLS

160

200

| 1 1 1 | | 11 | | ! I ! 1 1 1 I i 1 1 1 1

CONSTRUCTION CONTRACTS AWARDED
UNADJUSTED

PAYROLLS (UNADJUSTED)

100

-ADJUSTED®

EMPLOYMENT(ADJUSTED) °

TOTAL FREIGHT CAR LOADINGS

160

160

FREIGHT CAR LOADINGS L.C.L.

{UNADJUSTED

rADJUSTED®

DEPARTMENT STORE SALES

200

160

WHOLESALE PRICES

UNADJUSTED

100

La*J

oo

-J

sFARM PRODUCTS

L,

y

SXT'

1 111 111111 1 111 111! I! 1

Mill

-0
\

1 1 ! 11

VALUE OF EXPORTS

200

100

'

VV

A lrADJL

200

VALUE OF IMPORTS

~UNADJUSTED

100

Mllll

BANK DEBITS OUTSIDE NEW YORK CITY

200

160

FEDERAL RESERVE MEMBER BANK LOANS*

* f ^ S * * * ^ /UNADJUSTED

100

100

ALL OTHER (COMMERCIAL)

11111111111

1929

19 3 0

1 9 3 1

* ADJUSTED POK SEASONAL VARJAT/ON




1 9 3 2 19 3 3

* REPORTING MEMBER BANKS

40

i 929 1 930

1931

1932

I 933

SUKVEY OF CURKENT BUSINESS

September 1933

Business Situation Summarized
USINESS activity lias tended downward since the
B
middle of July, although the recession has been
moderate and has been due partly to belated seasonal
influences. Production in most of the major industries, including automobiles, steel, lumber, textiles,
electric power, boots and shoes, and tobacco manufacturing has fallen below the peak, although in most of
these industries the declines have not been pronounced.
Usually, there is a slight seasonal improvement in
August, but this year the normal early summer downtrend was delayed until the latter part of July.
In July, the index of industrial production, adjusted
for the usual seasonal movement, advanced 7.7
percent to 98 percent of the 1923-25 average, the
highest since June 1930. Production for the month
was 68 percent higher than in 1932, 20 percent higher
than in 1931, and also 5.4 percent greater than in
July 1930. For manufactures alone the index at
99 was the highest since May 1930. The widest
increase for the month was in the iron and steel
industry in which production was 39 percent above
June. Automobile output, after adjustment, increased
6 percent; lumber production 21 percent; and cement
production 10 percent. Some of the major industries
producing consumers' goods reported operations slackening from the exceptionally high level reached in June,
while others showed a halt in the upward trend.
The adjusted index for textiles was off 3 percent and
that for tobacco manufactures 13 percent. The
indexes for the foodstuffs and leather and shoe indus-

tries were unchanged. Machine tool orders spurted
sharply in July, the index rising 35 percent above June.
July statistics reveal no improvement in the disparity between the rise in production and in consumption, although preliminary August data indicate a
more favorable trend. Retail sales in July dropped
sharply in accordance with the usual seasonal movement. The index of l.c.l. freight movements increased
only 4.5 percent in July and the gains ceased in the first
half of August. Such important consumers of materials as the railroads and the construction industry
have not yet resumed purchases on an important
scale. Construction contracts awarded in July were
smaller than the low total in June, although in the
first half of August there was a slight improvement.
Increases in factory employment were general in July,
the gain for the month as compared with June being 7.4
percent. The number at work was one fifth larger than
a year ago. The total number returned to work in July
was estimated at 400,000. Factory pay rolls increased 8
percent and were 26 percent higher than a year ago.
The rise in wholesale prices was rapid in the first
3 weeks of July, but the movement was halted in the
final week, and the index has remained just below 70
percent of the 1926 average up through the third week
of August. Retail prices and the cost of living rose
rather sharply in July. Up to the present the rise in
pay rolls has outstripped the advance in retail prices
and other living costs, which until July had shown
only a moderate upward movement.

MONTHLY BUSINESS INDEXES
t_i_

May

June
July

Monthly average, January through July:
1931
1932
1933

-

fl-

91
80

89
79

100
861

93
82

92
82

100
86

86.6
75.1

82.6
64.4

95
78

92
76

94
87

95
88

71
66

100
92

80
54

74
59

117.3
93.4

95
61

Monthly
average,
1926=100
84 4
72.0

56
59
68
68
65
60

55
58
66
66
63
58

62
66
73
80
78
72

58
60
66
66
65
66

57
59
65
65
64
64

64
65
70
74
75
76

58.3
58.8
60.3
61.1
61.2
60.6

39.6
40.1
42.1
43.5
41.8
40.9

51
53
61
65
58
52

51
51
54
57
57
58

68
68
72
72
70
64

69
68
69
69
68
69

46
49
71
75
73
106

65
65
68
69
63
60

32
31
33
33
32
33

27
29
32
32
32
30

63.4
59.6
59.6
62.6
55.4
65.0

27
30
30
29
27
28

64.5
65.2
65.3
64,4
63.9
62.6

64
65
61
68
79
90
94

63
63
59
68
79
91
94

71
76
74
65
76
82
90

65
64
60
67
77
91
98

64
62
57
66
77
92
99

73
79
81
72
78
84
92

59.4
59.4
56.6
57.7
60.6
64.8
70.1

39.2
40.0
36.9
38.6
42.0
46.2
49.9

51
51
48
51
56
60
66

56
54
50
53
56
60
65

65
64
63
65
68
67
70

69
66
62
63
66
67
70

49
49
50
68
67
64
49

60
60
57
67
67
68
71

31
29
28
29
32
36
43

29
26
26
25
32
40
48

61.1
52.7
48.7
53.8
58.3
65.7
70.4

22
19
14
14
16
18
22

61.0
59.8
60.2
60.4
62.7
65.0
68.9

86
64
74

86
63
74

85
69
76 _______

77.3
63 8
61.2

70.6
47 9
41.8

76
55
55

60
38
33

56
36
32

98.5
68.6
58.7

70
27
18

74.7
65 4
62.6

Monthly average, 1922 -25= 100

1930: July
1931: July
1932:
July
August
September
October
November..
December
1933:
January
February
March
April

•*#

Wholesale price ind
commodities

S3
si ^

Construction contra
types, value, adjus

Imports

Exports

Adjusted 2

Unadjusted 1

Adjusted 2

Adjusted 2

Unadjusted 1

Merchandise, I.c.1.

Total

{£
0

Bank debits outsid<
York City

Foreign
Department
store sales, trade, value,
adjusted 2
value

Freight-car loadings

Unadjusted 1

Amount of payrolls,
unadjusted

Minerals

1
I

Manufactures

Adjusted 2

Total

Total

Year and month

Manufactures

Unadjusted l

Number of employees, adjusted 2

Factory employment
and pay rolls

Industrial production

1
Adjusted for number of working days.



88
73
66
2

87
65
57

Adjusted for seasonal variation.

SURVEY OF CURRENT BUSINESS

September 1933

Comparison of Principal Data, 1929 to 1933




I FIRST 7 MONTHS

VW///////A

REMAINDER OF KEAR

BANK DEBITS OUTSIDE NEW YORK CITY - (BILLIONS OF DOLLARS)
50

150

100

200

250

300

350

CONSTRUCTION CONTRACTS AWARDED -(BILLIONS OFDOLLARS)

STEEL INGOT PRODUCTION - (MILLIONS OF TONS)

lo

io

20

30

40

50

60

70

1933 [ • • ^ g ^ i
1932 • • • E ^ ! ]
W////////

is29iBnHBBBi

y////(////,
y//A

V//A

AUTOMOBILE PRODUCTION- (THOUSANDS OF CARS)
lo

IOOO

2000

3000

4000

5000

1933 | H ^ ^ g ^ ^ |
1932|BBB^^mi>Z^l
1931 M M M t e i

19 3 0 k^^H^H^^tf

111
I,, M ,,,,I,II,,, pun,.

I9Z9 • M M M 1
FREIGHT CAR LOADINGS -(MILLIONS OF CARS)
lo
1

10
1

i

20
t .

1933 (•npBBBpnB^i
IQ.^O | B B H ijip''ill ml•awiHMi^^^

19 29 J l l l l I I ^

30

40

50

SURVEY OF CURRENT BUSINESS

September 1933

Commodity Prices
ETAIL prices advanced sharply from June to July.
R
^ As a result of this upward swing the cost of living
advanced over 3 percent and the purchasing power of

of July, and little change in the index was recorded
during the first 3 weeks of August. Advancing prices
during most of July brought the index 6 percent above
the dollar in domestic markets was thereby reduced. the June average and 7 percent above the index for
The Bureau of Labor Statistics index of retail food July 1932. It now stands at approximately 70 percent
prices in 51 cities increased more than 8 percent in the of the 1926 level.
month ending July 15, with the rate of advance, by
Gains in wholesale prices in July were general
cities, ranging from 3 to 14 percent. The index now throughout the list, with only one group, chemicals
stands at 105, with average prices in 1913 equal to 100. and drugs, showing a decline. Of the subgroups only
Price increases for individual commodities amounted to two, meats and chemicals, registered declines. The
as much as 9 percent for bread, 10 for butter, 18 for rate of advance varied widely among the several groups,
flour, 22 for strictly fresh eggs, and 57 percent for pota- with the widest gain among the more important comtoes. Fairchild's retail price index of department-store modities, 28 percent, being scored by the grains. An
articles showed a gain of over 5 percent.
increase of 48 percent was recorded for cattle feed;
Cost of living, according to the index prepared by crude rubber advanced 29 percent. As in June, the
the National Industrial Conference Board, advanced most pronounced price gains, other than in the farm
3.3 percent. This was the third consecutive monthly products and food groups, occurred in the textile
increase. In addition to the increase in food prices group. Prices of cotton goods increased 20 percent,
there was a gain of 3.7 percent in clothing prices, one clothing 10, knit goods 8, silk and rayon 8, while
half of 1 percent for fuel and light, and 1.1 percent woolen and worsted goods increased but 5 percent.
for sundries. Rents continued to decline, but the
The rapid advance in the price of farm products
downward change was small, amounting to only three since February 1933 has done much to improve the
tenths of 1 percent.
economic position of the farmer; especially so since
Wholesale prices have recently shown a tendenc}^ the increase in the prices of commodities other than
to level off. The uninterrupted rise in the Bureau of farm and food products has been much more moderate.
Labor Statistics weekly index, which started in the From February to July these indexes have risen 47
second week of March, was broken in the last week and 9 percent, respectively.

INDEXES OF COMMODITY PRICES

P

Wholesale (Department of Labor)
'(Economic classesji

Groups

11

fi

|

Other
produc

ti
i

si '

ft o

fi

Year and month

ill

Monthly average 1926=100
1930: July
1931: July
1932:
July
August
September
October
November
December
1933:
January
February
March,._
April
May
June
July
Monthly average,
January through
July:
1931
1932
1933

Retail

JL

Mo.
Mo.
Dec.
Mo.
1930
average average
1909
to average
1913= (Jan. 1,
1923
1914=
1931)
=
100
100
100
100
111
144
95.2
119
79
85.9
90.3

84.4
72.0

86.6 81.1
76.1 64.3

79.8
69.3

83.1
64.9

74.1
49.0

86.8
74.0

91.8
73.4

84.5
73.9

88.5
78.1

88.3
78.9

78.0 100.8
62.9 89.4

93. 1 90.8
85.7 84.3

79.7
66.5

76.6
69.7

64.5
65.2
65.3
64.4
63.9
62.6

70.5
70.7
70.4
69.6
69.3
68.4

54.7
55.7
56.2
54.6
54.2
52.1

55.5
57.9
60.7
60.7
58.9
57.7

47.9
49.1
49.1
46.9
46.7
44.1

36.7
38.2
37.4
34.4
33.2
31.7

60.9
61.8
61.8
60.5
60.6
58.3

62.0
61.9
60.9
56.4
53.7
49.4

69.7
70.1
70.4
70.2
69.8
69.0

69.7
69.6
70.5
70.7
70.7
70.8

73.0
73.3
72.9
72.7
72.4
72.3

72.3 68.6
72.1 69.7
70.8 72.2
71.1 72.8
71.4 71.4
69.3 69.6

74.0
73.6
73.7
73.7
73.7
73.6

79.2
80.1
80.1
80.3
79.6
79.4

51.5
52.7
55.6
55.0
53.9
53.0

64.3
64.6
64.7
64.1
63.7
63.4

77.0
76.8
76.6
76.1
75.6
75.1

57
59
59
56
54
52

101
101
100
100
99
99

74.0
73.6
73.6
73.3
72.6
71.8

61.0
59.8
60.2
60.4
62.7
65.0
68.9

66.7
65.7
65.7
65.7
67.2
69.0
72.2

50.2 56.9
48.4 56.3
49.4 56.9
50.0 57.3
53.7 61.3
56.2 65.3
61.8 69.1

42.6
40.9
42.8
44.5
50.2
53.2
80.1

32.9
32.7
36.0
44.8
52.8
57.4
73.4

55.8
53.7
54.6
56.1
59.4
61.2
65.5

49.5
50.2
50.5
50.3
52.3
52.4
50.8

67.3
66.0
65.8
65.3
66.5
68.9
72.2

70.1
69.8
70.3
70.2
71.4
74.7
79.5

71.6
71.3
71.2
71.4
73.2
73.7
73.2

66.0
63.6
62.9
61.5
60.4
61.5
65.3

68.9
68.0
68.1
69.4
76.9
82.4
86.3

72.9
72.3
72.2
71.5
71.7
73.4
74.8

78.2
77.4
77.2
76.9
77.7
79.3
80.6

51.9
51.2
51.3
51.8
55.9
61.5
68.0

61.2
59.2
58.9
57.8
58.9
60.8
64.0

73.7
72.1
71.8
71.5
72.1
72.8
75.2

51
49
50
53
62
64
76

95
91
91
90
94
97
105

71.1
69.9
69.7
69.4
70.4
72.3
76.1

74.7
65.4
62.6

78.4
71.0
67.5

68.1 71.4
55. 5 59.5
52.8 60.4

68.8
49.0
47.8

58.0 76.2
42.5 61.4
47.1 i 58.0

79.0
59.6
50.9

76.2
70.7
67,4

81.1 81.5
72.3 74.4
72.3 72.2

67.2
69.8
63.0

88.0
74.5
74.3

87.3
76.0
72.7

85.6
80.4
78.2

68.7
56.0
55.9

71.0
64.6
60.1

88.1
78.9
72.7

124
104
95

94.3
77.8
71.3




6

SURVEY OF CURRENT BUSINESS

September 1933

Domestic Trade
A VAILABLE indexes of consumer purchasing cov±\. ering the period from the banking holiday up to
August fail to record an expansion in domestic trade
commensurate with the rise in productive activity. As
a result, the gap between production and consumption
widened during this period. However, scattered and
incomplete data for the first 3 weeks of August reveal
some correction of this condition. Trade is reported
to have increased while production of goods has been
curtailed to a moderate extent. August usually marks
the start of the fall rise in consumer expenditures, and
the purchasing power resulting from higher pay rolls
should from now on be reflected in sales totals.
Department-store sales, following the usual seasonal
tendency, fell off sharply during July and the dollar
value of sales was approximately the same as in each
of the first 3 months of the year. The Federal Reserve Board's index, adjusted for seasonal variations,
registered a slight advance from June to July. Making allowance for the increase in retail prices between
the 2 months' sales of department stores show a
slightly greater than seasonal decline in the physical
volume of merchandise moved. Compared with July
of 1932, the dollar value was about 6.5 percent greater
but was about 23 percent below July of 1931. Department-store stocks have been built up moderately,
the adjusted index advancing 13 percent from April
to July. Variety chain-store sales declined in July but
were 4.2 percent larger than a year ago.

Sales of merchandise by mail-order houses, including
sales through their retail stores, followed the customary
seasonal tendencies in July. The upward trend which
had continued since February was reversed, and sales
fell back to below the April level. Nevertheless the
total value of sales through these outlets was 4.7 percent above July 1932, and the total for the year to
date is only 9 percent less than in the corresponding
period of last year.
Freight shipments in less than carload lots advanced
4.5 percent to the highest total for the year to date.
In July the adjusted index was higher than in any
other month since 1931. In the first 3 weeks of
August the movement tended to level off.
Commercial failures, which have consistently become smaller in each month since the first of the year,
were still further reduced in July. The total of 1,421 was
14 percent less than in June and the least number since
September 1924. The liabilities involved likewise declined and the total was the smallest reported since July
1920. Compared with the first 7 months of 1932, the
number of commercial failures this year was 29 percent
less, and the liabilities involved 43 percent smaller.
Advertising linage showed a decline, but the totals
for both magazines and newspapers compared favorably with the July totals in 1932. Postal receipts,
which have displayed relatively little variation throughout the first half of the year, increased about 2 percent
in June for the second consecutive month.

DOMESTIC TRADE STATISTICS
Departmentstore sales

Year and month

Unad- Adjust- justed 2
ed i

Freight-car
Department- loadings,
store stocks 3 chandise mer-l
l.c.1.

Unad- Adjust- justed 2
ed

Unad- Adjust- justed
ed 2

1930: July
1931: July

71
66

July
August..
..September
October...
,
November
j
December...
i
1933:
i
January
J
February
i
March
. I
April
!
May
i
June
|
July
i
M o n t h l y average, Jan- I
uary through July: I
1931
I
1932.....
. .
1933
1

100
92

Combined
index
(20 companies) Unad- Adjusted justed

139
140

46
49
71
7.5
73
106

118
118
123
142
130
226 !

153
148
135
127
135
133
129
117

49
49
50
68
67
64
49

100
103
110
129
126
125
123

135
138
121
140
130
137
142

Corrected to average daily sales.




5- and 10-cent
(variety) store
sales

Avg. same Monthly avermo. 1929- age 1923-25 100
31-100

Monthly average, 1923-25=100

1932:

Commercial
failures

Chain-store sales

95

82

143
127 I.
117 I.
2

Adjusted for seasonal variation.

Mail
order
and
store
sales, 2
houses

Fail- I Liabil- j Maga- Newsures ! ities il zine
paper

Busi!! ness
i| incori| pora;| tions,

'states

48, 790
45, 093

26, 761
24, 578

I Thou- ; Thou- ; Mil- ;Num:
of;: ber
. sands
sanus ij sands
baims : lions
nuns c
i of dolls.:! of lines! lines
72 1 2,806
2,028 39,826 H 2,311
1,983 60,998 jj 1,904
67 j

32, 073
33, 777
39,156
45,423
41,281
51, 556

23, 789
23,851
25, 770
26, 711
26,109
33,097

2,596
2,796
2,182
2,273
2,073
2,469

87,190 :
77,031 !
56,128 I
52,870 |
53,621 i
64,189 i

1,323
928
987
1,246
1,364
1,252

50 !
50 :
62
71
64
61

2, 534
2,909
2,661
2,592
2,458
2,681

26,958
26,176
27, 554
35, 365
37, 778
38,986
33,566

24,674
22, 559
24,422
23,810
24,393
24, 988

2,919
2,378
1,948
1,921
1,909
1,648
1,421

79,101 I
65,576 !
48,500
51,098 !
47,972! I
35,345
27,481 I

1,266
1, 584
1,791
1,910
1,922
1,746
1,315

52
47
50
60
62
61
49

3,307
2,839
2, 674
2,665
3,373
2, 933
2,402

81 :
66 |
54 !

3,121
3, 003
2,742

Thousands of
dollars

45, 801
35, 563
32,340
3

Postal
receipts,
50 selected
cities

Advertising
linage

Numi

DiI

1
a 28,216 i 2,441 I 61,642 il 2,7!
"24,158 !, 2,861 i 89,211 i: 2,013 j
2,021 ! 50,725 |j 1,648 I
o24,141

End of month figures.

« 6 month's average.

SURVEY OF CURRENT BUSINESS

September 1933

Employment
URTHER improvement in productive activity
Ffrom
the middle of June to the middle of July

year ago. The total for the first 7 months was 13
percent less than last year, notwithstanding the fact
resulted in a continued upward trend of employment that the production index averaged 17 percent higher
and pay rolls for this period. In view of the moderate than in 1932. Employment so far in 1933 in manurecession in business activity since the middle of July, facturing averaged 3.8 percent less than last year.
it is probable that the upward trend was retarded in
The nonmanufacturing indexes reflected a less
August. The adoption of codes of fair competition favorable condition, owing to the drop of 4.7 percent in
for a number of the large industries, including the the retail trade group which is the most important of
petroleum, iron and steel, lumber, and automobile in- these industries. A loss in this field is usual for the
dustries is expected to enlarge employment oppor- month, as retail sales fall off sharply in July. Three of
tunities.
the 15 other groups—telephone and telegraph, dyeing
The rise in employment in July was the result of the and cleaning, and building—also reported decreases.
7.4 percent increase in manufacturing industries. Aside from the seasonal increase of 38 percent in the
This represented a real gain since the usual seasonal canning and preserving industry, and the 11 percent
change for the month is slightly downward. All of the gain in anthracite mining, increases were not large.
major groups, with the exception of the tobacco in- Pay rolls were higher in all but five groups. The
dustry where the loss was less than the usual seasonal largest relative increases were the 26 percent gain in
drop, reported a larger number employed than in the the canning and preserving industry, and the 15 perprevious month. Of the 89 individual industries cent increase in the bituminous coal industry.
reporting to the Bureau of Labor Statistics, 77 had
Employment among trade-union members reporting
more employees than a month earlier. The 12 indus- to the American Federation of Labor did not improve
tries reporting decreases in employment were lines in in July, with 31 percent of the membership unemployed
which a seasonal loss is usual for the month. The more and an additional 21 percent on part time. All the
important increases (amounting to 10 percent or more)
principal trades reported the number without work
were in the iron and steel, lumber, automobile, nonthe same as in June.
ferrous metals, and rubber products industries.
Average weekly earnings of factory workers conFactory pay rolls were also larger in all major groups,
tinued
to expand in July, the increase over June
excepting tobacco, where the total was the same as in
amounting
to 3.6 percent and over a year ago to 24 perJune. Since the low touched by the Federal Reserve
cent.
Average
hourly rates have improved only
Board's index in March, pay rolls have expanded over
one third and in July were one fourth higher than a slightly from the June low.

STATISTICS OF EMPLOYMENT, PAY ROLLS, AND WAGES
Factory employment
and pay rolls, F.R.B.
Pay
Employment rolls

Nonmanufacturing employment and pay rolls
Anthracite
mining

Year and month Unad- A d - Unad- Employjusted justedij| justed ment

Pay
rolls

Bituminous
coal mining

Power, light,
Telephone
and telegraph
and water

Em- j
pioyment

Employment

Monthly average,
1923-25=100

1930: July
1931: July
1932:
August
._.
September
October
November
December
1933:
January
February
March
April
May.
June
July
Monthly average,
January through
July:
1931
1932
1933

Employment

Pay
rolls

Pay
rolls

Wages
Retail trade
Em-

TradeFactory 2
union
memCombers em- Aver- Aver- mon
age labor
age
ployed
weekly hourly
earn- earn- j
ings ings !
Percent
of total
members

Monthly average, 1929=100

Cents
per
hour

Dollars

85.5
73.8

86. 6
75.1 I

82.6
64.4

91.6
65.1

84. 0
53. 7

88.0
76.4

68.9
50.4

105.9
96.7

106.7
97.4

100.0
86.6

106.6
93.3

89.0
83.9

91.7
83.3

25.49
22.34

57.2
58.6
61.5
62.0
60.9
59.6

58.3 !
58.8
60.3
61.1
61.2
60.6

39.6
40.1
42.1
43.5
41.8
40.9

44.5
49.2
55.8
63.9
62.7
62.3

34. 5
41. 4
47. 0
66. 7
51. 0
56. 2

58.6
59.4
62.4
67.0
69.4
70.0

24.4
26.4
30.2
37.8
38.0
37.7

82.3
81.5
81.0
79.9
79.1
78.4

78.7
76.7
74.7
74.4
73.2
73.2

79.1
78.1
77.4
76.2
75.5
74.8

79.6
79.1
75.9
75.7
74.3
73.5

74.6
72.6
77.8
81.3
81.7
95.2

63.3
60.7
64.6
67.1
66.9
73.6

15.43
15.35
16.23
16.86
16.84
16.37

58.1
59.2
56.7
57.8
60.0
64.1
68.9

59.4
59.4
56.6
57.7
60.6
64.8 .,
70.1

39.2
40.0
36.9
38.6
42.0
46.2
49.9

52.5
58.7
54.6
51.6
43.2
39.5
43.8

43. 2
56. 8
48. 8
37. 4
30. 0
34 3
38.3

69.8
69.3
67.6
63.7
61.2
61.3
63.2

36.1
37.2
30.7
26.6
26. 9
29. 2
33.6

77.7
77.4
76.9
76.9
76. 9
77.3
77.5

73.0
71.6
71.9
69.4
69.9
69.9
70.0

74.6
73.9
73.2
72.3
70.1
69.2
6S.5

71.7
71.9
71.6
67.8
68.5
66.6
66.7

76.9
73.4
71.4
78.6
77.0
78.3
74.6

62.7
58.4
55.1
60.4
59.5
60.5
58.1

16.21
16.13
14.56
15.39
16.71
18.49
19.15

468
484
460
460
453
452
• 455

32
32
32
33
33
33
34

70.6
47.9
41.8

81.3
65.1
49.1

76.3 jj
54.8 j
41.2 |

85.3
68.7 i
65.2 •

60.4
36. 7
31.5

97.5
85.2
77.2

99.0
83.7
70.8

88.2
81.1
71.7

95.2
85.0
89.3

88.3
80.4
75.7

87.3
71.5
59.2

23.54
17.65
16.66

572
513
459

36
33
33

0. 591
564
489
487 i
479
474
468
467

40
36
32
32
32
32
32
32

I!
76.5
63.1
60.7




1

Adjusted for seasonal variation.

2

National Industrial Conference Board.

8

SURVEY OF CURRENT BUSINESS

September 1933

Finance-Credit and Banking
July and the first two weeks of August
DURING
approximately 200 banks reopened on an

early July holiday period and the subsequent return
of currency, (2) Government financing operations, (3)
unrestricted basis with the result that more than further purchases of Government securities by the
$200,000,000 in deposits were released. A recent Federal Reserve banks, (4) security market conditions,
report of the Secretary of the Treasury shows that and (5) the effect of the new banking law's provisions
since the general banking moratorium of March ap- which prohibit the payment of interest on demand
proximately 14,000 institutions have resumed unre- deposits. This combination of influences led to a
stricted banking operations. The deposits of these further increase in the excess reserves of member
banks aggregate $32,000,000,000 while those of the banks. These excess reserves were centered largely in
2,870 banks still closed, or operating under restrictions, the country banks inasmuch as the New York instituwere less than $2,200,000,000. The steady progress tions were without the benefit of the former seasonal
being made in the release of depositors' funds has been return flow of funds early in July. The net result of
an important stimulus to trade activity, especially in member-bank operations was a slight increase in loans
those areas where the banking situation was most acute. on securities, a small increase in other loans—including
A second factor closely related to the general credit acceptances and dealings in Federal funds—and a drop
situation is exemplified in recent Treasury financing. of over $200,000,000 in investments. The shift in
During July, several offerings of 91-day Treasury bills investments was no doubt influenced in part by the
totaling $330,000,000 were made in order to replace further purchases of Government securities by the
similar maturities. These issues were followed early Reserve banks. As a result of the August 15 Governin August by the first piece of long-term financing in ment financing, investments of member banks moved
several years when an offering of about $500,000,000 sharply upward after the middle of August.
of 8-year 3% percent bonds were met by subscriptions
Member-bank borrowings at the Reserve banks
of approximately six times that amount. At the same increased slightly during July and the first week of
time subscriptions of about $1,500,000,000 were re- August after which they tended downward. Openceived in response to an offering of $350,000,000 2-year market bill holdings declined to a negligible figure
Treasury notes. It is possible that allotments may while Government security holdings continued gradeventually exceed the original offerings owing to the ually upward. Postal savings showed the first defact that the Secretary of the Treasury has expressly crease of the depression.
reserved the right to increase the offerings.
During July approximately $85,000,000 of gold left
The loans and investments of member banks during the country, but this had no effect on the monetary
July and the first half of August were influenced by gold stocks inasmuch as the shipments represented
such factors as (1) currency requirements during the gold held under earmark since the early part of the year.

CREDIT AND BANKING STATISTICS
Bank debits

Year and
month

1930: July
1931: July
1932:
July_
August
September
October. _.
NovemberDecember .
1933:
January
February..
March
April
May
June
July




New
York
City

Outside
New
York
City

29,600
21, 007

Reporting m e m b e r
banks,
Wednesday
closest to end of
month

Condition of Federal Reserve banks, end of
month

Net
gold
Total
imbankPostal
Deer'sfac- ports
Savings,
Reserve bank credit outstanding
ceptinMoney posits,
New
balMemances cluding
in
York ance to
ber
outgold
circu- State
United Total
credit
bank
Bills
standlation
reBills bought States eposits reserve]
savings of deing,
leased
disGovernbanks positors
ac- \ end of from
Total ! count- in the ment
count
open
month
eared
securimarket ties
mark i
-w
Thousands of
Millions of dollars
dollars
200
130
-22. 6
4, 483
4, 572 180,711
934
577
2,447 . 2, 396 i 1, 350
195
73
1,228 -10.2
4, 836 5,149 372, 457
678
2,367
2,527

Loans
on
securities

Ail
other
loans

Investments

23,145
18, 444

8,391
6,544

8,554
7,942

6,291
7,810

12, 728
13,458
14,163
12, 944
9,815
13,967

12,511
11,756
11,767
12,354
10, 935
12,820

4,631
4, 512
4,521
4,311
4, 288
4,315

6,365
6,284
6,185
6,130
6,125
5,982

7,700
7,743
8,201
8,585
8,589
8,507

2, 439
2,331
2, 233
2,227
2,202
2,145

538
433
332
328
309
235

43
34
33
34
35
33

1,841
1, 852
1,854
1,851
1, 851
1,855

2,158
2,241
2,312
2,446
2,484
2,561

2,052
2,146
2,225 1
2,383
2,411 1
2,509

705
681
683
699
720
710

52.8
106.6
100.2
66.4
70.3
171.9

5,752
5,720
5,685
5,643
5,643
5,699

5, 253
5,243
5,282
5,271
5,265
5,314

828, 549
847, 421
858, 720
870, 823
884,297
900, 796

12,413
12, 036
12, 454
12,012
13, 977
16, 743
17,354

12, 053
10, 401
9,608
10,612
11,509
12, 969
13,878

4,259
4,234

5,907
5,393

8, 559
8,196

/ 5, 408
/ 5, 486
/ 5, 407
/ 5,488

/ 8, 570
/ 8, 632
/ 8, 927
/ 8,70S

274
582
426
435
302
164
167

31
336
305
171
20
48

1,763
1,866
1,838
1,837
1,890
1,998
2,028

2, 554
2,236
2,133
2,380
2,394
2,494
2,544

2, 446
2,141
1,949 1
2,132
2,167
<> 292
2,294 ij

707
704
671

/ 4, 252
/ 4, 267
/ 4, 308
/ 4,335

2,077
2,794
2,572
2,459
2,218
2,220
2,209

37.0
-169.4
-113.3
23.7
1.0
.3

5,631
5,892
6,998
6,137
5,876
5,742
5,675

5,317
5, 269
5,220
5,164
5,113
5,130
5,085

942, 519
1,006,185
1,112,715
1,158, 416
1,178, 788
1,184,948
1,176,795

1

Net exports indicated by (—).

687
738

/ Estimated on basis of new report covering 90 cities; old report covered 101 cities.

9

SURVEY OF CURRENT BUSINESS

September 1933

Finance—Security and Money Markets
markets in July were featured by the
SECURITY
sharp reaction in stock prices which, over a course

Money rates during July were influenced somewhat
by geographical shifts in member-bank funds. For
of 3 days beginning July 19, canceled virtually all example, the failure of funds to flow back, as in other
gains which had been made since the end of May. years, to New York after the June month-end and
The upward price movement which had been gaining July 4 needs had been met, caused an advance of one
momentum during June, simultaneously with the eighth percent in dealers' rates on bankers' acceptexternal depreciation of the dollar, continued through- ances on July 7 and led to a rise in the yields on shortout the first week of July after which a brief period term Government securities during the first half of
of irregular movements set in only to be followed by the month. Owing to the prohibition of interest
a renewed advance. During the second week of July payments on demand deposits, under the new banking
industrial, railroad, and utility stocks reached new act, the tendency for outside funds to flow into the
high levels since the second half of 1931. The turn- New York money market has materially lessened.
over reached more than 6,000,000 shares daily. Call rates held firm while time rates showed slight
Then followed the 3-day period of drastic liquidation. advances. On the other hand, the efforts of outside
Prices recovered somewhat as the market steadied banks to employ their surplus funds brought about a
and some quotations at the end of the month were slight decline during the month in commercial paper
still higher than at the beginning. During the first rates.
3 weeks of August trading became comparatively
The evidences that corporation earnings were in
quiet with no marked changes in quotations.
many cases shifting from loss to profit are reflected
Bond prices on the whole moved upward in sym- in the month's upturn in dividend payments. At
pathy with stocks during the first half of the month. the same time, however, new capital issues have
During the stock-market break of July 19-21 bonds remained comparatively small. In line with the
receded somewhat but recovered—especially in the performance in other recent months, new real-estate
lower grade sections of the list—during the final week bond issues were nil and corporate issues were
of the month. During the early part of August the mar- negligible. Apart from several small municipal issues
ket narrowed and prices remained comparatively firm. the new long-term offerings during the period under
The volume of brokers7 loans moved roughly in review were featured by the issue, early in August,
conformity with security-market activity and showed of $500,000,000 eight-year 3K-percent bonds offered—
substantial net gains during July, but since the closing and considerably oversubscribed—by the United States
Government.
week of that month they have tended downward.

SECURITY AND MONEY MARKET STATISTICS
Bonds

Stocks

Year and "mo nth

1930: July
1931: July
1932:
July
August
September
October...
November
December
1933:
January
February
March
April
May
June.
July

Prices
Yield Prices
Yields
on
(aver- Sales
(do(60
age report- com- mesed
mon
weekstocks
ly)

Dividend and
interest payments

Capital issues

Total

LongNew
term
capital realestate
bonds

Total

Average
dividend
per
Interest share
(600
paycomments panies)

Open-market
money rates,
New York

Made
ReCall
Ra- by reCom j
mon- Time merby
the
tio
|
portey-re- loans- cial ' New
to
ing
newal (range) paper York mar- I mem(averber
Stock
ket
(range)
age)
value banks
Exchange1
NY

1926=
100

Thou- Persands of cent
shares

149.3
98.2

47, 746
33,540

4.44
5.66

98. 29 I 4. 49 585, 820 I 554,280 16,425 1,001,800
800 944,976
95. 49 4. 43 267,137 ' 222,564

542, 900
559,076

2.91
2.31

2.20
1.50

35.9
53.3

23,056
82, 649
67,424
29,188
23, 038
23, 208

8.85
5.65
4.91
5.73
5.84
5.68

79.25
83.70
83.93
82.04
81.36
81.65

6.42 155,557
5.57 169,482
5.35 138, 607
5.50 124,062
5.68
76, 400
5. 75 157,920

805, 600
392,490
437,440
621, 654
438,032
546,439

557, 000
248, 590
312,440
454, 354
307, 532
426,239

1.31
1.25
1.24
1.24
1.22
1.21

2.08
2.00
2.00
1.35
1.00
1.00

49.1 18, 720
44.9 19, 320
43.2 20,089
47.5 52,901
62.9 104, 229
74.9 125, 627
80.4 120,300

5.42
6.10
6.30
5.58
3.99
3.27
3.02

83. 32
79.09
78.58
80.07
84.73
86.84
88.03

5.59 109,963
64, 610
5. 73 56,513
19, 636
6.25
19,094
16, 265
6.38
45, 388 24,928
5.78
59, 643 43, 802
5.37 222,644 110,148
5.15 ! 161,990 l| 110,083

863, 492
387, 200
430,351
561,279
428, 449
0 !1!1 571,529
0 763,219

592, 892
241, 800
290,351
424, 429
274,565
437,179
557,319

1.20
1.16
1.11
1.09
1.06
1.05
1.05

1.00
1.00
3.32
1.37
1.00
1.00
1.00

58.2
49.9
47.5
47.4

 7574—33 2


1

PerDollars cent

Dollars

Thousands of dollars

105,336
61, 645
89,971
100,020
44, 801
122,713

Wednesday closest to end of month.

0
0
700
0
220
200

Brokers' loans
I

Percent

2 End of month.

3 -3

2 -2/2|
2 -2X\
WATM

IV2-I
rVA
VA 2 2

-

Millions of
dollars

Millions of
dollars

Percent

3,689
1,344

5.49
3.03

3,228
1,390

242
332
380
325
338
347

1.18
1.19
1.42
1.39
1.52
1.52

332
345
425
362
353

359
360
311
322
529
780
916

1.56
1.83
1.56
1.20
1.63
2.15
2.80

454
418
512
635
764
876

10

SURVEY OF CURRENT BUSINESS

September 1933

Foreign Trade
STATES foreign trade expanded in July
UNITED
for the third consecutive month. The adjusted

Contributing to the $21,000,000 increase in imports
was a gain of $6,900,000 in textiles, $3,900,000 in
export index increased from 29 percent of the 1923-25 wood and paper, and $3,100,000 in metals and manuaverage in April to 43 percent in July in contrast with factures, except machinery and vehicles. Inedible
the decline from 37 to 32 during the corresponding period animals and animal-product imports gained $2,800,000
of 1932. Similarly, the import index advanced from from June to July; vegetable food products and
25 to 48 over the 3-month period as compared with the beverages $2,300,000; inedible vegetable products,
drop from 36 to 27 last year. Despite the substantial $2,100,000; nonmetallic mineral products, $1,500,000;
increases since April, the value of exports and imports and miscellaneous commodities about $1,000,000.
for the first 7 months was 14 and 11 percent smaller, The decline of $2,600,000 in chemical imports was
respectively, than in the corresponding period of 1932. partly the result of the erratic movement of crude
About one third of the $24,000,000 increase in July iodine imports.
exports over those of June represented larger shipAmong the quantitative gains from June to July in
ments of unmanufactured cotton at higher prices. leading import commodities were a 92 percent increase
Nonmetallic mineral products, chiefly refined mineral for crude rubber; flaxseed, 33 percent; wool, including
oils, increased $6,800,000 in value. Exports of mohair, 188 percent; hides and skins, 28 percent;
inedible vegetable products were $2,200,000 greater in crude petroleum, 59 percent; iron ore and concenJuly than in June, leaf tobacco having been responsible trates, 108 percent; copper, 19 percent; nickel and
for a large part of the added value. Increased values alloys, 21 percent; tin in bars, blocks, and pigs, 24
of from $1,000,000 to $2,000,000 were recorded for percent; and newsprint, 15 percent.
vegetable food products and beverages, metals and manAdvancing dollar prices accounted in part for the
ufactures, and machinery and vehicles, while higher larger values in July. Raw-silk imports increased in
values of from $200,000 to $1,000,000 were reported value 29 percent from June to July, while the quantity
for animals and animal products, edible and inedible; increased only 3.5 percent. Tin showed an increase
wood and paper; and chemicals and related products. in average unit value of 15 percent; crude rubber of
Increasesfein both quantity and value were shown by 23 percent; hides and skins of 15 percent; and copper
meat products; canned and dried fruits; automobile of 30 percent. Among the exports, the unit value of
casings; coal and related fuels; cotton and semimanu- meat products increased 5 percent; that of evaporated
factures; lumber; crude sulphur; copper; and motor ve- fruits, 8 percent; refined copper, 10 percent; wheat
hicles. Quantity declines were recorded for lard, wheat flour, 13 percent; unmanufactured cotton, 14 percent;
flour, cotton cloth, electric refrigerators, and fertilizers. and gasoline, 9 percent.

EXPORTS AND IMPORTS
Indexes

Total Total
imex| Year and[mcnth ports, ports,
adadjusted i justed

Exports of United States merchandise
Exports,
including
reexports

Crude materials
Total
Total

Raw
cotton

Foodstuffs

Total

SemlFruits manand
ufaeprep- tures
arations

M o n t h l y average 1923-25=100

36.5
28.4

14.7
13.5

40.9
32.3

4.9
7.6

39.S
27.9

144. 8
88.4

37.7
22.5

106.8
108. 6
132. 0
153. 1
138.8
131.0

104.3
106. 3
129.4
151.0
136. 4
129.0

27. 0
29. 7
47.4
60.5
55.3
52.2

15.9
18.1
32.1
40.0
38.5
39.0

15.6
17.3
20.4
25.2
19.9
16.0

4.3
5.4
9.6
22
7. 9
4^8

14.1
12.
15.o
16.9
14.6
15.7

47.0
46. 3
45.9
48.4
46. 6
45.0

9.6
9.0
9.1
11.6
10.2
9.7

120. 0
101.5
108.0
105. 2
114.2
119.8
144.2

118.6
99.4
106.3
103.1
lit. 9
117. 5
141.7

42.3
31.8
29.4
28.6
35.0
40.2
51.5

29.7
20. 6
18.1
16.9
26.1
29. 3
36.8

16.2
12.8
13. 4
11.3
13.0
13.4
15.4

4.6 i 15.8
3.8 1 13.2

44.3
41.5
47.0
47.9
46. 2
45. 7
53.4

9.2
8.5
9.4
8.8
9. 1
9.3
10.1

2 50
1496. 7
36 ! 940.8
2
813.5
33

1406. 6
923 9
798.5

296. 8
161.5
268. 4
177 4
258,S i 177.5

216.6
142.8
95.5

743. 4
391.9
326.0

218, 7
82.0
64.4




2

Finished
Crude Food- Semian- m
anma- stuffs m
ufacterials
tures ufactures

Millions of dollars

262.1
177.0

January
February
March
April
May
June
July

2 00
2 38
2 33

Total

AutomoM a - biles, Total
chin- I parts,
ery and
j acces-!
j sories

2G6. 8
180.8

1930: July
.
1931: July
1932:
July
August
September
October
November
December
1933:

Cumulative, J a n u a r y
through July:
1931
1932
. .
1933...

General imports

Finished manufactures

i Adjusted for seasonal variation.

3.9
2.9
3.8
2.9
4.3
56. 6 i
36.8 I

\\
18. 2 II

21.4 jl
209. S
UO.s
118.0

2

17. 5
11.7

220. 6
174. 5

69.6
50.0

49.0
47.1

44 7
30 0

57.2
47.4

79.4

19.5
22.2
27 3
27.'2
27.8
28.7

26.3
29 2
3l!3
33.5
32.0
28.

11 9
15.1
14 6
16 7
16.6
16 7

21.8
24.6
25.3
28.1
28.1
23.4

27.2
21.1
23.6
21.1
24. 9
34.3
46.4

30.7
30.0
33.6
32.8
40.0
36.9
38.8

16.2
13.6
14.8
13.5
18.3
27 8
n.0

21.9
19.1
22.9
20.9
23.6
23.3
26.8

340. 2 231. 6
252. 8 137. 2
242. 81 135. 2

318. 2
211.1
158.5

5.1
91.1
4.9
98. 4
5.0 | 105.
5 1
4.4 | 104.
5 !
5.1
97.1 1
I!
Coll 96. 0
83.8
6.3 l|
94.9
6. 9
88. 4
7.4
7.4
106.9
122.3
7.0
143.0
7.5
106.4
51.8
49.1

1281.6 |i 391.6
826. 2 li 225.2
735.31'; 198.

M o n t h l y average.

11

SURVEY OF CURRENT BUSINESS

September 1933

Real Estate and Construction
While the number of projects in July showed the
second successive decline, the total was above that for
first half of August. Contract awards totaled over July last year and 20 percent more than the average
$56,000,000, which, on a daily average basis, was number reported in the first 7 months of the year.
slightly higher than in the same period a year ago. The value of these awards was 36 percent below those
No change has occurred in basic conditions in the in- undertaken last July and less than one third the
dustry, and the long-term capital market remains amount of contracts let in July 1931.
unfavorable for financing private construction.
Residential building in New York City and the
Activity in July continued at a low ebb. The value Middle Atlantic States amounted to $8,500,000, more
of all contracts awarded for the first 7 months of the than one third of the value of all such contracts, which
year was 35 percent below the total in the same period totaled $23,600,000. The decline in this type of buildof 1932, and only one fourth of the awards in the same ing during July interrupted a steady increase which
months of 1931. The decline of 19 percent in July started last March. Although the total remained
contracts, which amounted to $83,000,000, was not 20 percent above the July 1932 figure, it was only a
reflected in the Federal Reserve Board's adjusted little more than one third the value of residential
index, which is based on a 3-month moving average of building during July 2 years ago.
values and includes an estimate for August. The index
The value of public works as well as public utility
was 4 points higher than in June, at 22 percent of the contracts receded during July. Both totals were ex1923-25 average. Employment in the building in- ceedingly small and in each case were below the
dustry declined in July, and pay rolls were also lower. monthly average value of similar contracts let thus far
The Chicago territory, with awards totaling over in 1933. Public works contracts accounted for the
$16,000,000, led other areas in the value of contracts increase in the totals for the first half of August.
Federal-aid highways under construction aggregated
let daring July. The New York City district followed, with contracts valued at $12,000,000. Under- $222,452,000, a decline from the June total. The work
takings in the Middle Atlantic and New England States in process dropped below the figure for the correspond(excluding New York City) reached approximately $18,- ing month of 1932 for the first time this year. Work
000,000, about equally divided between the two areas. approved amounted to more than $9,000,000 in July, a
The combined amount of awards in these 4 districts ac- slight increase from June, but this amount was less than
counted for more than half the total for the 37 States. one fifth of the total acted upon in July&a year ago.

to seasonal precedent, improvement
CONTRARY
in the construction industry occurred during the

BUILDING MATERIALS, CONSTRUCTION, AND REAL ESTATE
j Building material
shipments

Construction contracts awarded

Year and month

F.R.B.
index
adjusted i

AH types of
construction

Monthly
average
1923-25 =

NumMilMilber of lions
of Mil-of
of lions
proj- dollars
square lions
dollars
ects
feet

100

Residential
building

Public
utilities

Explosives,
Pubnew Maple Oak
Celic
orders floor- floor- ment
works
ing
ing

Thou- Thousands of Thousands of
feet, board
sands of
pounds
barrels
measure

Millions of
dollars

Federal-aid
highways
Approved Under
for
conconstrucstruc- tion
tion

Thousands of
dollars

Construction
costs,
Eng.
KewsRecord ^

Real
estate
market activity,
deeds
recorded

Longterm
real
estate
bonds
issued

Month- Monthly av- ly av- Thouerage
erage sands of
1913= 1926= dollars
100
100
_l

1930: July
1931: July
1932:
July
.
Augus t
September
October
November
December
1933:
January
February
March.;.
April
May
June
July
Monthly average, January
through July:
1931
1932
.
1933
:

95 11 12,533
61 !| 10,663

367
286
129
134
128
107
105
81

18.2
15.9

84.3
63.9

28.9
26.4

93.2
91.0

5.5
5.5
6.6
6.0
5.5
3.4

19.7
20.8
22.8
21.9
19.2
13.0

5.5
7.4
4.5
8.3
4.1
6.5

54.6
56.7
64.2
50.2
50.1
36.9

4,625 I 22, 832 20,153
3,447 | 25, 691 15, 545

289,465
388, 004

1
201. 0 j
174.4 I

69.8
61.1

22, 070
1,651

2,264
2,816
2,402
2,031
1,902
1,590

240, 857
242,175
260, 943
255, 315
250, 724
250, 978

153.4
156.8
158.0
159.2
158.2
158.5

47.2
54.2
53.4
60.4
50.1
52.9

0
0
700
0
220
200

252, 372
260,185
265,678
269, 489
260, 736
242,107
222,452

158. 4
159.3
158. 4
160. 2
164.4
183.4
165.5

50.4
57.2
41.7
41.1

0
900
0
0
0
0
0

30
30
29

7,008
7,185
7,152
6,483
5,266
4,205

19
14
14
16

3,801
3,884
6,303
7.254
9,409
9,186
8,229

83
53
60
57
77
103

3.2
3.1
4.8
5.8
8.4
8.3
7.4

12.0
11.8
16.0
19.1
26.5
27.8
23.6

8.0
4.7
2.5
2.4
5.6
5.0
4.1

34.7
12.5
15.1
11.2
13.4
19.4
14.8

17,129
15, 437
15. 435
15, 006
14, 975
17, 886

4, 433
1,496
6,074
1,318
1, 246 7,573
2,097 9,479
2,715 14, 549
4,384 17, 723
4,326 13,676

70 10, 027
27 j! 6,548
18 j| 6,866

297
114

18.3
6.7
5.9

79.2
26.1
19.5

29.5
6.4
4.6

89.0
36.7
17.3

26, 025
l7,165
15,978

3,147
2,198
2,512

18
22

n

Based on 3-month moving average and adjusted for seasonal variation.


30,324
25, 058
14, 473
17, 607
20, 867
22,122
19, 074
17,998

2

First of month.

7,699
11, 626
11, 739
10, 657
5,918
4, 327

24, 435
11,405
10,501

71,079
54, 545
9,218 49, 676
10, 968 56,154
9,729 58, 319
8,743 56, 058
4,782 51, 976
2,835 45, 085
2,502
2,278
3,510
4,949
6,709
7,979
8,697

10, 566
6,217
5,232

40,180
33,050
25, 738
13,127
8,371
8,996
9,208

91, 802 308,032
57, 355 213, 889
19,810 253,288

August 1 index, 167.0.

189.7
156.1
161.4

o 6 months' average.

5,950
950
129

12

SURVEY OF CURRENT BUSINESS

September 1933

Transportation
EEKLY freight-car loadings leveled off in the
W
middle of July and during the first 3 weeks of
August there was a slight decline. Loadings in both
July and August were substantially above a year ago,
and as a result the financial condition of the carriers
has been markedly improved. Loadings in the 3
weeks ended August 19 were 23 percent larger than in
the corresponding weeks of 1932, bringing the total for
the year to date above loadings in the corresponding
period of 1932.
July loadings were 8.3 percent above June, after
allowance for the usual seasonal trend. All classes of
freight, excepting grains, contributed to this increase.
In this latter group the increase failed to measure up
to the normal movement, a reflection of the short
crops this year. Coal loadings expanded sharply in
July and, following a temporary recession the first
week in August due to labor difficulties in the coal
fields, again picked up in the middle of August.
Shipments of package freight, as reflected in the l.c.l.
loadings, expanded steadily through the first week in
August, although dropping about 3,000 cars in the
week of August 12. July loadings of this class of freight
were 4.5 percent larger than in June and exceeded
the total for the corresponding month of the preceding
year for the first time since 1929. For the latest week
reported, l.c.l. loadings were .4 percent below a year ago,
compared with a gain of 22 percent in total loadings.

Financial returns of the roads show a continuation
of the rapid improvement in net operating income.
Preliminary returns for July indicate that the net
income of class I roads may possibly be the largest
since the fall of 1930. Operating revenues in June
were nearly five times as large as in June 1932, and
were the largest since last October. For the first 6
months of this year net operating income was 40 percent larger than in 1932, although it amounted to an
annual rate of return on the property investment of
only 1.4 percent. The June rate was 2.81 percent,
however, and there was a further improvement in July.
Activity in railroad repair shops has picked up somewhat as indicated by a gain of 5.4 percent in pay rolls.
However, the July index was only 36 percent of the
1926 average. Railroads have placed very few orders
to date for either rolling stock or rails, and as a result
the business of railroad equipment manufacturers has
shown but little improvement.
Traffic on the principal inland waterways was higher
in June than in July, and the movement on all arteries
was considerably greater than a year ago. Tonnage
moved on the Sault Ste. Marie was 69 percent
greater than in June and 129 percent above a year ago.
The increase was caused mainly by the rise in iron ore
shipments. Movements on the Allegheny and Monongahela were almost three times as large as in July
1932.

Monthly average, 1923-25 =
100

1930: July
1931: July
1932:
July
August
September
October
November
December
1933January
February..
March
April
May__
June

_

_..

_.

July

Monthly average, January through July:
1931..
1932.
1933
1

Daily average basis.




Thousands

Thousands of cars 4

New York Stat

i-

Canal traffic
Sault Ste. Man

Freight-car sur

Miscellaneous

Ore

Merchandi
l.c.1.

Livestock

Grain and pro
ucts

Forest product

Coke

Coal

Total

Adjusted *

Unadjusted 1

Year and month

•a

Financial
statistics
D i v i d e n d pa
ments, stea
railroads

1

F.R.B . index

0

PuUman
pa
carried

Freight-car loadings

Net operating i
come, class
railroads

lgers

RAIL AND WATER TRAFFIC

Thousands of
dollars

Thousands of
short tons

A

3
3
Thous.
of long
tons

95
78

92
76

895,1
738.5

132.0
110.3

8.5
4.8

40.3
26.6

59.2
54.6

19.6
18.1

226.7
209.4

60.6
34.9

348.1
279.7

455
564

2,541
2,023

83,069
56,960

50, 500
41,000

12,367
7,613

563
506

1,221
820

51
53
61
65
58
52

51
51
54
57
57
58

484.2
516.3
561.1
631.6
548.8
497.4

72.3
84.6
103.6
135. 2
122.8
125.2

2.6
2.7
3.4
4.8
4.8
5.6

14.6
15.5
17.1
18.9
16.0
13.2

37.0
38.5
37.1
34.7
27.8
26.5

14.4
16.9
20.3
23.4
19.0
16.6

163.1
169.1
170.3
178.7
166.5
155.4

6.0
7.1
6.1
6.4
3.0
1.8

174.3
181. 9
203.2
229.6
189.0
153. 1

764
708
599
545
622
647

1,276
1,323
1,339
1,158
1,078
1, 248

11,597
28, 368
49, 647
63,839
34,179
32,857

21, 400
7,000
7,300
10, 400
7,500
5,900

2,638
3.095
3.807
3,924
2,877
215

376
528
478
554
588
0

576
650
638
723
682
587

51
51
48
51
56
60
66

56
54
50
53
56
60
65

477.6
489.5
460.3
500. 9
532.0
566.3
621.8

107.1
123.1
91.4
79.5
79.6
90.5
112.1

5.2
6.2
4.5
3.4
3.8
4.9
6.6

13.7
13.7
14.6
17.2
20.8
25.1
28.8

26.6
25.3
26.0
35.5
37.0
36.7
44.9

17.2
15.4
13.0
16.5
16.6
15.5
15.0

153. 4
154.6
156.1
160. 5
165.3
163.6
166.4

1.8
1.8
2.0
3.2
7.7
11.1
22.1

152.6
149. 4
152.7
185. 2
201.2
219.0
227.8

692
650
681
619
553
454
393

1,158
952
872
974
951
1,201

13,266
9, 855
10,548
19.041
40, 693
59,483

10,500
8,000
11,300
11,500
1,425
2,950
16,500

0
0
0
696
3,490
3, 582
6,050

0
0
0
183
542
479

560
623
724
302
783
779

76
55
55

79
58
56

734.8
534. 7
523.9

124.4
93.1
97.5

7.0
4.3
4.9

32.1
18.1
19.1

40.8
31.1
33.6

20.8
17.5
15,6

215.8
179.5
160.2

15.6
3.5
7.5

278.3
187.6
1S5.5

615 0 2, 004 ^39,918
741 01, 388 ^18,281
577 a 1, 018 "25,481

40, 914
24, 871
8,882

2

For seasonal variation.

1

American vessels, both directions.

1

Average weekly basis.

? 6 months' avera;

» 904
"629

13

SURVEY OF CURRENT BUSINESS

September 1933

Automobiles and Rubber
unit output of automobiles during July
WHILE
fell below the total reported in the previous
month, the recession was less than seasonal and the
Federal Keserve Board's adjusted index of production advanced 6.1 percent. The index was the
highest since June 1931 and indicated that plants
were more than twice as active as in July last year.
Automobile production in the United States during
July reached a total of 233,000 units, which was
7.9 percent less than in June. Output was more
than double that for the same month of 1932. Excepting the previous month, more passenger cars were
produced than at any time since June 1931. The
total number for the last 4 months was larger than
the combined output for the preceding 9 months.
Taxicab output has been highly erratic for over a
year. The output during July was negligible. More
than twice as many have been manufactured so far
this year, however, than during the same period of
1932. Truck output fell off approximately 3,800
units from the June showing, but was 36 percent
above monthly average production for this year.
Output of Canadian plants receded for the second consecutive month. As compared to the same
months of 1932, production of Canadian plants thus
far in 1933 makes a less favorable showing than
does the output in United States factories during
these two periods. Whereas American plants

showed a gain of 26 percent, Canadian output was
5 percent smaller.
After declining slightly for 2 months, exports of
passenger cars in July approached the monthly
average figure for the year, which was 34 percent
above that for last year. Truck exports were larger
than during any month since October 1931.
Out of the total output of 195,000 units, estimates of R. L. Polk & Co. place domestic passenger car sales in July at 185,000 units, which compares with 174,000 in June and 104,000 in July last
year. As the number exported was slightly over
5,500 units, the excess of production over sales was the
relatively small total of approximately 4,500 units.
New truck sales in July were estimated at 30,000 units.
Preliminary reports indicate that pneumatic tire
production declined slightly in July but was over 50
percent above output in July 1932. Shipments were
more than twice as large as in July of last year, but
also were smaller than in June. Stocks were slightly
higher as of Juty 31. Crude rubber imports in July,
rose precipitously to 45,243 tons, almost twice the
amount imported during June. Consumption of
crude rubber during July continued at a relatively
high level, although slightly below the peak tonnage
reported for June. The amount of crude rubber
imported so far this year has remained below consumption, whereas during this period last year imports were higher than consumption.

AUTOMOBILE AND RUBBER STATISTICS
Automobile
exports

Automobile production

New
passenger
United States
|Canada
car
regPasseniF.R.B.ii
PasTrucks istrager
cars
senTaxitions
Year and month I> index,
Total
adger
cabs Trucks Total
justed 1
cars
jMonth| ly av-

Thousands

Automobile
financing

Crude rubber

DoBy
Do- mestic
World
Pro- mestic
whole- Hetail
conImstocks,
pur- duc- ship- sump- ports
sale chasers
end or
tion ments tion,
dealers
month
total
Millions of
dollars

Number

Pneumatic
tires

Long tons

Thousands

= 100

1930: July
1931: July
1932:
July
August
September
October
November
December
1933:
January
February
March
April
May

|
!

75
60

218 J

222
184

376
ISO

43,328
34,317

10,188
4,220

7,828
6,478

4,040
3,518

254, 069
194, 322

119
96

3,193
3,941

4,229
4,244

26, 905 35, 424
29, 382 44, 052

436, 413
549,127

;
.,
_J
|
_ -!

33
23
24
17
31
60

109
90
84
49
60
107

!
j
!
I
!
;'

95
76
65
35
47
86

9
13
5
239
291

14,438
14,418
19, 402
13, 595
12, 025
21, 204

7,472
4, 067
2,342
2 923
2, 204
2,139

3,039
2, 893
3,053
1,733
1,762
2,757

104,188
1,865
2,044
93,457
81, 893
2,601
2, 549
63,195
1,353 1 44, 358
2,221

45
45
39
34

1,845
2,065
2,411
1,385
1, 306
1, 405

26, 010
20, 582
20, 692
19, 337
20,157
15, 631

29, 280
35, 806
29, 620
32,016

579,195
595, 782
599, 761
604, 008
611,301
621, 078

130
107
118
181
218
253
233

|
i
'
"
;
,

108
91
99
153
185
211
195

5
152
660
411
54
35
i

21,718
15, 333
18, 064
27, 317
33, 605
41, 839
38, 065

3,358
3,298
6,632
8, 255
9, 396
7,323
6,540

7,059
5,521
5,528
5, 662
5,093
4,757
5,546

3,084
3,136
2,528
2,656
2,445
2,478
3, 582

45, 683
79, 821
69. 464
78, 741
119,909
160, 242
174,190
185,000

2,893
2,471
2,031
2,055
1,843
1,586

31
29
34
45
58
66 i

1,806
1,871
1,630
2, 499
4,151
4,880

2, 011
1,764
1,616
2,874
4,077
4,320

19, 928 30, 663
18,825 | 22,969
15, 701 18,475
22,817 21, 034
38, 785 26, 736
44, 654 23, 504
43,660 45, 243

614, 851
618, 299
622,142
617,490
620, 586
632, 565
630,000

428 i 41,212
80 | 22,077
1S9
21,992

10, 044
6,734
6.400

8, 760
4,177
5, 595

4, 669
2,028
2, SU

195, 922
109, 687
123,910

266 i

!|
48 |j
33 |j

....:
_•

June
July
Monthly average, Januarv through July:
1931...
1932
1933




44 ii
51 I,
66 i!

!
j
!
I
j

1 4 0 '•!

214 i
118 !

177

U9 '

256 ;;

1

Adjusted for seasonal variation.

32, 524

> 3, 816 « 3, 483 30,377 40, 500
' 3,198 o 3,497 27, 382 36, 265
' 2, 806 "2,777 29,196 28, 375
i 6 months' average.

525,597
614,708
622, 270.

14

SURVEY OF CURRENT BUSINESS

September 1933

Chemical Industries
improvement of greater than seasonal
GENERAL
proportions took place in the chemical industries

5 percent. The most important increase occurred in the
heavy-chemicals section. Pay rolls in the petroleumIn July. Production, employment, and pay rolls in- refining industry were about the same as in June, and
creased markedly, although prices showed but little in the paint-and-varnish section of the industry they
change. A great many branches of the industry had were lower.
up to late August prepared codes of operation under
Stocks of chemical raw materials on hand continued
the National Industrial Recovery Act, and some plants to decline seasonally in July to reach a new record low
have already placed the labor provisions of their respec- volume on hand, 7 percent under the quantity carried
tive codes into effect under the "blanket" code.
at this time a year ago. Stocks of chemical manufacChemical and allied products production, as meas- tured goods, which usually decline seasonally in July,
ured by electricity consumption, picked up sharply in showed an increase of 3 percent over June but were
July after increasing steadily from the record low level 8 percent less than at this time a year ago.
reached last March. The rise from June to July
Wholesale prices of chemicals and drugs as a group
amounted to 8 percent, the same relative increase as failed to respond to the general upward trend of
took place between May and June. Current monthly prices in July and declined slightly as compared with
production is the highest recorded during the past the previous month. The price level of chemicals and
2;/9 years.
drugs is still 6 per cent above the general commodity
Employment in the chemical and allied products average. A decline occurred in the heavy-chemical
industries advanced 6 percent in July as compared with group. This was partly offset by small advances in
June, although there is usually no appreciable change drugs and pharmaceuticals and fertilizer materials.
at this time. Employment in July reached a high point
Fertilizer consumption was seasonally curtailed in
for the past year and a half, and the average for the July. The volume taken in the first 7 months of this
first 7 months of this year was slightly above the level year was off nearly a fourth from consumption in the
prevailing in the period in* 1932. The most important same period a year ago. Fertilizer imports failed to
increases took place in the heavy chemical, the cotton- increase seasonally in July but were in this month
seed oil cake and meal (seasonal), the explosives, and nearly two-thirds greater than at this time a year ago.
the rayon and allied products sections of the industry. Nitrate-of-soda imports fell back below the average
Pay rolls increased for the fourth consecutive month monthly imports for the year to date, continuing the
in July, the rise in this month over June amounting to recent erratic movement.

CHEMICAL STATISTICS
General operation s

Alcohol

Stocks
Electri- Employment
Pay
cal
rolls
energy
unad- Manu- Raw
conUnadAdfacsump- justed justed 1 justed tured materials
tion
goods

Year and month

Ethyl




ReSynfined
thetic
meth- methanol
anol

Thousands of gallons

Thous.
of short Thous.
of lb.
tons

101.0
86.2

105. 4
89.4

100.8
82. 9

121
116

93
87

11,617
11,975

260
80

412
438

3,747
2,561

30, 810
25, 068

39, 929
28, 495

124. 9
116. 6
126. 8
129. 0
130.1
124.3

72.3
72.2
74.0
75. 1
75.5
75.4

74.7
74.0
73.7
74.9
75. 2
75. 2

60.0
60. 0
59. 8
60. 7
60. 9
59.8

120
116
121
122
121
121

88
90
112
122
122
117

11, 908
12, 365
13, 355
13,140
7,391
5,278

84
151
102
198
141
174

794
793
698
571
532
644

1, 523
1,474
1, 544
1, 739
1, 752
1, 786

12, 563
17, 903
19, 557
22, 624
20, 753
17, 930

30, 076
31,141
31,155
33,132
31,308
29, 220

126. 0
130.0
115.6
121.0
127.1
135. 7
146.7

76. 2

76 4
76.4
75.6
77.6
80.3
82.3
87.5

60.7
(>0. 8
60.4
60. 8
61.9
64.6
67.9

120
123
119
112
107
110

112
104
99
93
90
87
82

6,014
9,084
8,229
9, 012
9,149
10, 683

166

78.2
82.4
78.9
79.4
84.0

83
95
98
153

353
325
178
425
366
559
562

1,785
1, 639
1,666
1,656
1, 921
2,241
2, 797

17,777
16, 008
15,804
16, 005
15, 781
17, 271

31,188
25, 583
26, 597
24, 926
31, 045
35,163
41,033

137. 1
127.7
128.9

92.3
78.7
79.5

92.1
78.6
79.4

88.6
67.3
62.4

127
128
116

95
99
95

«11, 675
« 10,897
o 8,695

182
109
119

689
628
395

2,963 » 27, 232 31, 826
I, 839 • 16, 842 26, 570
1,958 ? 16,441 30,791

2

Southern States.

• Thous.
Long tons
j of short
1 tons
i
i
6,406 |
28, 644
23 166, 543
4,370 !
97, 358 1
18,809
25

Barrels

140.6
137.7

1 Adjusted for seasonal variation.

Turpentine, j
wood
1 Con- Total
Nitrate
1 sump-imports of soda
1 tion 2
imports

Production

M o n t h l y average, 1923-2 5=100

1930" July
1931 • July
1932:
July
August..
September
October
- November
December
1933:
J anuarv
February
March.. . . .
April
May. - .
. . - - June
July
Monthly average, January
through July:
1931
1932
1933 . . .

Fertilizer
Byprod- E x p l o - Rosin,
uct
wood
sives
coke

4,878
4; 361 j
5,020
5,202 !
5, 454 •
5,070 ;
j
4,975
4,175 j
4, 255 1
3,831 1
5, 028 '
5,514 !
6,516 i
5,502
4,335
4,889

a 6 months' average.

85

49,985
57, 530
88,006
91,619
85, 206
47, 956

205
298
825
119
235
43
18

94, 313
90, 349
97, 507
102,204
101, 085
105,083
81,207

405
2,516
106
66
8,431
29, 921
5,308

130, 307 |
81, 546
95,964

54,851
6, 424
6,679

40
97
98
60

533
323
249

!
;
:

11
0
517
13
4,887
48

15

SURVEY OF CURRENT BUSINESS

September 1933

Farm and Food Products
Estimates as of August 1 revealed a further deterioration in the condition of this year's crops. The estihigher than in July 1932. Employment and pay rolls mate of the corn crop, which was 2,273,000,000 bushels,
in the industry increased 2 percent and 3 percent, re- was 111,000,000 bushels less than the July 1 estimate
spectively, as compared with June. Employment was and indicated the second smallest harvest since 1901.
5.3 percent higher than a year ago, although pay rolls Wheat and oat crops are each expected to be the smallest in 35 years. The prospects are for a substantial
were slightly lower.
reduction
in the carry-over from last year's harvest.
The general level of prices received by farmers in
Receipts of livestock at public stockyards during
mid-July reached the highest point of the year, but
since that time there has been a recession in many of July showed mixed trends, with cattle and calves inthe major farm products. The index in July at 76 creasing and hogs declining from the previous month.
percent of the 1910-14 average was 19 percent and 33 As compared with a year ago, receipts were considerpercent, respectively, higher than in the previous ably larger. Inspected slaughter of livestock, although
month and July 1932. This is the highest point seasonally smaller than during June, were well above
reached since August 1931. All groups of commodi- a year ago. Stocks in cold storage at the end of July
ties revealed marked increases over June with the ex- of beef and veal increased by 6,709,000 pounds, fresh
ception of the prices of meat animals, which were and cured pork by 90,177,000 pounds, while mutton
and lamb fell off by 211,000 pounds.
unchanged.
Final plans were made by the Agricultural Adjust|H Wholesale prices of farm and food products for July
continued the advance started in January of this year, ment Administration to place in effect a program reprewith substantial gains occurring over the prices that senting the largest governmental meat-purchasing plan
ruled in June. Prices of meats alone showed a decline. since the World War. It involves the buying and
During the early weeks of August prices of farm prod- slaughter of 4,000,000 young pigs, with 1,000,000 sows
soon to farrow. The aim is to raise hog prices subucts declined.
Movement of wheat to shipping centers during July stantially by October 1. No purchases of hogs will be
was up seasonally, although short crops have reduced made after that date. A processing tax of approxithe total movement as compared with other recent mately one half cent per pound will take effect in Octoyears. Corn receipts at leading markets in July were ber applicable to all hogs sent to market. This tax
will raise revenue to pay for the emergency program.
the highest on record.
ROCESSING of food products in July was at the
Psame
rate as in June, but activity was 22 percent

FOODSTUFFS STATISTICS
Food product,

j

I

I

F.R.B.

fi &
Month
d
er
M o n t h l y averMonthly aver- I ly'age,
aZ '
age, 1923-25=100 1926= age, 1923-25 =100

1930: J u l y
1931: July
1932:
July
August
September
October
November
December
1933:
January
February
March
April
May
June

—

July

M o n t h l y average January
through
July:
1931
1932
1933
1

89
89
91
105
99
100
100

95.2
88.1

100
86.8
74.0

96
106

79.4
81.0
81.8
81.3
80.7
80.0

60.9
61.8
61.8
60.5
60.6
58.3

51
71
125
165
133
84

79.6
79.2
78.4
81.2
82.6
82.3

55.8
53.7
54.6
56. 1
59.4
61.2
65.5

70
52
55
60
81
81
87

89.9
82.8
81.0

Adjusted for seasonal variation.




76.2
61.4
58.0
2

Millions of
bushels

Imports

Animals and animal products

I

5

S

Year>nd month

Corn

Wheat

Dollars
per
bushel

MilDollars
lions of
per
bushels bushel

Thousands

Meats

Butter

Con- Stocks,
cold
s u m p - stortion,
age,
appar- end
of
ent month

Consumption
apparent

Millions of pounds

83

6
Thou- Thousands
of long sands
of bags
tons

99 1
104

162
218

0.83
.47

0.80
.53

1,512
1,488

2, 918
2,511

1,025
1,012

929
946

129
135

395"
473

801
1,100

41
41
38
27
18
14

178
188
194
190
177
169

.48
.55
.55
.51
.49
.46

.35
.33
.29
.24
.24
.22

1,291
1,606
1,689
1,896
1,543
1,161

2,159
2,405
2, 505
2,691
2,775
3,121

956
1,002
1,096
1,088
1,042
1,014

844
751
637
544
513
620

133
149
142
142
139
134 j|

340

81
83
84
SI

468
328
239
186
174

671
601
782
923
935
945

81
69
76
86
103
102
95

13
10
13
16
23
29
37

158
148
137
126
119
125
135

.48
.48
.53
.64
1.00

.23
.22
.26
.33
.39
.40
.53

1,318
1,136
1,171
1,296
1,558
1,449
1,456

3, 381
2,699
2,638
2, 798
3,143
3,361
2,871

1,061
919
993
1,030
1,107
1, 095
1,053

717
751
749
780
865
1,049
1,144

129 ji
123 |
129
134
161
129
133

258
289
430
536
491
426
488

911
1,083
1,109
922
1,187
977
865

40
20 !
20 I

202
186
135

.68
.57
.66

.54
.35
.34

1,506
1,348
1,341

3,276
3, 076
2,984

1,017
1,015
1,037

1,035
962
865

141
138
134

393
409
417

1,210
1,027
1,008

Revised. Earlier data may be found on p. 19 of June 1933 issue.

3

Includes receipts from Hawaii and Puerto Rico.

16

SURVEY OF CURRENT BUSINESS

September 1933

Forest Products
UTSTANDING developments in the forest-prodO
ucts industries during July and early August were
the approval by the President of a code of operation

July, increasing 10 percent in this month over June.
Additional employment was greatest in the sawmill
section of the industry and progressively less in the
under the National Industrial Recovery Act, a reces- various sections up to finished manufactures as represion in the new orders received accompanied by a sented by the furniture group.
further increase in production, and a strong upward
Pay rolls extended in July the steady increase that
swing in lumber prices.
has been taking place since the record low volume
The lumber code was approved on August 19, to reached last March, although the total was onty one
become effective on August 22. It provides for a quarter of the 1923-25 average. The July rise
maximum 40-hour week and minimum wages that amounted to 13 percent over June pay rolls, the invary according to the region. Due to the natural- crease being most pronounced in the sawmill division
resource-conservation aspects of the industry, pro- of the industry as was the case with employment.
vision was also made for some control of production
Caiioadings of forest products picked up further in
and stabilization of prices. Immediately upon ap- July to the highest volume reached in almost 2 years
proval of the code, the Lumber Code Authority was in- and nearly double loadings during the early part of
corporated to supervise administration of its provisions. this year. The movement for the first 7 months was
Production increased by more than one fifth in July larger than in the like period of 1932.
as compared with June and has more than doubled
Wholesale lumber prices advanced sharply with a
during the past 5 months. After a period of sustained rise of 13 percent from June to July, as compared with
production curtailment below new orders, with con- an increase of only 6 percent in general commodity
tinued reduction of stocks on hand, the situation has prices. Lumber prices have advanced nearly a third
recently been reversed. Steadily increasing output during the past 3 months.
during the past few months, combined with a recession
Southern pine production increased 4 percent from
in new orders during late July and the early part of June to July, and in the latter month reached the
August, brought about in this latter period an excess of highest output recorded during the past 2 years.
production over orders, and an increase rather than cur- New orders, however, declined for the second consecutailment of stocks.
tive month after reaching in May the largest monthly
Employment in the lumber industry picked up more volume attained during the past 2 years. Production
than seasonally for the fourth consecutive month in in July was 5 percent ahead of new orders.

FOREST PRODUCTS STATISTICS
General operations

Year and month

! Southern hardwoods

Lumber
Empro- ployduc- ment,
adtion,
ad- justed
justed'




Household3
furniture

Southern pine

UnUnUnPro- New filled j Pro- New Un- Ship- filled
New filled
2 orders,! ducorders,
ducfilled
orders orders tion 2 iorders end of J tion orders orders ments end of
month
month

Monthly average 1923-25 = 100
1930: July.—
1931: July
—
1932:
!
July....
August
September
October
November
._.
December.
1933:
January----!
February
I
March
I
April
I
May
!
June
-!
July
—|
Monthly average, Jan- j
uary through July: |
1931
-S
1932
!
1933
j

Douglas fir

Number
days'
production

Millions of feet, board measure

63
42

67.8
52.0

526
402

47.6
37.3

53. 3
45.3

172.3
165. 6

224
122

197
147

128
83

27
22

25
23
23
24
21
23

36.1
35.7
36.6
37.6
37.3
36.8

727
265
275
256
246
252

15.9
22.5
24.1
22 7
21.1
16.4

21.3
29.2
38.4
22.5
23. 7
21.2

57.7
81.0
119.1
76.1
81.9
85.1

83
91
80
113
99
75

91
149
134
144
91

46
80
82
75
50
44

10
10
11
9

26
20
22
24
30
38
40

35.0
34.4
32.5
33.3
35.7
40.0
43.8

23.4
2-1. 4
21.1
28.8
34.4
35.0
40.0

26.4
24.3
28.3
33.6
57.3
49. 5
38.6

120.9
109. 7
107.9
120.4
195.2
203. 7
218.9

85
78
87
89
116
121
126

76
113
113
180
159
120

44. 4 I
23.3 !
30.9 '

4S. 1
26.3
36. <>

177.2
82.6

149
93
100

164
107
122

47 j 55.1
26 ! 40.2
29 j 36.4
djusted for seasonal variation.

2

Weekly average.

153.8
3

Grand Rapids district.

57
55
64
67
92
88
81
100
61

11
17

10
8

17

SURVEY OF CURRENT BUSINESS

September 1933

Iron and Steel Industry
expansion during July brought the
CONTINUED
operating rate in the steel industry to 59 percent
of capacity, the highest level since August 1930. A
slight recession set in at the turn of the month and
by the third week of August activity was several points
lower. The slackening in operations was influenced by
the tapering off in steel placements for the automotive
industry, as requirements for current models were virtually filled. Railroad buying continued at a low ebb.
The backlog of the United States Steel Corporation
for July indicated the falling off in orders which became
more pronounced in August. While the total remained slightly higher than that for July a year ago, it
fell 4 percent below the tonnage reported at the end of
the preceding month.
The adoption on August 19 of the code of fair competition under the National Recovery Act should dispel
the uncertainty concerning its provisions which, while
the code was in a formative state, may have exercised
a restricting influence. However, production of crude
and semifinished steel products in recent months has
apparently been at a somewhat more rapid pace than
the utilization of these products in final form.
The Federal Reserve Board's adjusted index of
general operations for July equaled the 1923-25
monthly average and was nearly 10 percent above the
level reported in the same month of 1930. The increase over June amounted to 39 percent. Average

operations so far this year, however, remained 54
percent below the showing for the same period of 1930.
The July increase in employment amounted to 14
per cent, while in pay rolls it was 17 percent. Although figures for both employment and pay rolls
show substantial improvement over July 1932, they
are well below the totals reported in the same month
of 1930 and 1931.
Pig-iron production increased sharply during July
as 16 additional furnaces aided in stepping up schedules
to more than three times the activity prevailing in
July last year. Total output was above the showing
for the same month of 1931, but 32 percent below the
figure for July 1930. Steel production for the month
reached the highest tonnage in 3 years. Average
monthly output of both pig iron and steel in the first
7 months of this year exceeded average production for
the corresponding period of 1932, amounting for pig
iron to 8.5 percent and for steel to 43 percent.
A steady increase has occurred in machine-tool sales
during recent months. In July, shipments were 35
percent above the monthly average figure for the first
7 months of the year, while the backlog of orders as of
July 31 was the largest since last September.
With the exception of prices for steel billets, which
remained unchanged, iron and steel quotations advanced during July. The price of steel scrap at
Chicago reached the highest level since October 1930.

IRON AND STEEL STATISTICS
General operations

Production,
adjusted !

Year and month

Employment,
adjusted'

July

Monthly average, January
through July:
1931
1932
1933
_...

3




87.3
72.1

78.6
52.4

132
84

25
23
28
31
31
27

52.1
50.6
51.3
53.2
53.8
52.8

22.2
22.1
23.4
26.2
25.6
24.2

53
33
36
41
56
54

29
31
21
35
49
72
100

50.6
51.4
48.3
50.0
52.5
58.1
66.3

22.7
24.7
22.4
24.4
29.5
36.2
42.4

57
64
81
100
123
103
88

68
33

75.1
58.5
53.9

63.4
31.4

93
53

48
1

7574—33

Thousands of long
tons

91
58

88

Adjusted for seasonal variation.

39
37

Steel
ingots

Pig iron

Pay
Prorolls, Ex- Imunad- ports ports duction
justed

Monthly average,
1923-25=100

1930: July
1931: July
1932:
July.
August
September
October
November
December
1933:
January
February
March
April
May
June

Iron and
steel

Furnaces
blast

Steel
sheets 2

United!
States ManSteel ganese
Corpo- ore imPerration, ports
(manunPro- cent
of New
Ship- filled ganese
duc- caor- ments
conorders,
tion pac- ders
end of tent)
ity
month

Thou
Num- sands of Per- Thousands of
ber
long cent
short tons
tons

Prices
Iron
and
steel,
composite

Steel
billets,
Bessemer
(Pittsburgh)

Steel Finished
scrap steel,
(Chi- comcago) posite

Dollars
per 100
pounds

Thousands of
long tons

Dollars per long ton

4,022
3,405

33.25
31.05

31.00
29.00

12.00
8.75

2.29
2.20

1,966
1,970
1,985
1,997
1,968
1,968

29.48
29.33
29.32
29.32
29.12
28.93

26.00
26 00
26.00
26.00
26.00
26.00

4.88
5.75
6.25
6.00
5 93
5^25

2.17
2.17
2.16
2.16
2.15
2.14

2,639
1,463

144
82

2,922
1,888

207
144

572
531
593
645
631
546

42
47
49
51
42

807
847
992
1,087
1,032
861

66
66
79
95
66
77

195
178
73
61
75
92
77
67

569
554
542
624
887
1,265
1,793

45
45
38
48
63
90
106

1,030
1,087
910
1,363
2,002
2,598
3,204

76
81
83
119
144
247
174

79
73
75
100
119
153
174

1,899
1,854
1,841
1,865
1,930
2,107
2,020

28.69
28.31
28.35
28.16
28.45
28.73
29.81

26.00
26.00
26.00
26.00
26.00
26.00
26.00

5.25
5.25
5.25
6.00
8.45
8.91
10.41

2.12
2.10
2.10
2.06
2.08
2.09
2.17

39
1,796
820
32
29 1 890

102
56
62

2,493
1,215
1,742

176
97
132

185
103
110

3,785
2,310
1,931

31.44
29.65
28.64

29.64
26.89
26.00

9.50
6.54
7.07

2.21
2.15
2.10

18
24
29
34
35 1
29
22
20
22
28
26
34
53

2

Black, Hue, galvanized, and full finished.

18

SUEVEY OF CUERENT BUSINESS

September 1933

Textile Industry
ACTIVITY in the textile industry continued at a
i i . high level in July, although there was some slackening from the exceptionally high rate reached in
June. The recession was general in all major branches
of the industry, according to the consumption of the
leading raw materials. Nevertheless, machine activity in the woolen industry was higher than in June.
The Federal Keserve Board's index of production in
the textile industry dropped back to 129 percent of the
1923-25 average, a decline of 3 percent from the June
level, but an increase of 87 percent as compared with
a year ago. With the exception of the figure of the
preceding month, the adjusted index was the highest
on record since June 1929.
Wholesale prices of textiles have risen rapidly,
partly in reflection of the sharp advance in raw material
costs, and more recently the higher operating costs.
The group index for the latest week reported was 73
percent of the 1926 average, an increase of 42 percent
from the low of last February. Prices of cotton goods
in July were less than 20 percent below the 1926
average, and were 60 percent above the low touched in
July a year ago. Woolen goods prices, at 72 percent
of the 1926 average, were up 36 percent from the
March low.
Raw cotton consumption per working day averaged
24,006 bales in July, compared with 26,787 in June
and 11,146 bales in July 1932. Consumption during
the crop year ended July 31 amounted to 6,135,525

bales, an increase of slightly more than one fourth as
compared with the preceding crop year. The average
number of spindles operated during July, computed
on the basis of 8.96 hours per day, was 36,285,617, or
117.5 percent of capacity on a single-shift basis.
This rate was lower than the June rate of 129.1 percent, but was more than double the July 1932 rate of
51.5 percent. Wool consumption in July was 2.2
percent below the June figure, but was more than
double that for the same month of 1932. For the
elapsed 7 months of the current year consumption has
exceeded last year's corresponding total by 58 percent.
Spinning and weaving activities, however, continued
to increase in July. Woolen spindles were operated
at 108 percent of capacity on a single-shift basis, the
first month that these statistics have reflected overtime operations since 1923. Worsted spindles were
operated almost at capacity, also the highest operating
rate since the spring of 1923. Weaving operations
were up sharply, and less than 4 percent of the wide
looms were inactive, as compared with 13 percent in
June. The increase for narrow looms and carpet and
rug looms was smaller, and in each case the active
percentage moved up 2 points.
July silk deliveries to mills were the smallest since
April, although consumption was 16 percent larger
than a year ago. Spinning and weaving activity was
higher than in June, the increase for spindles and
broad looms being 25 and 11 percent, respectively.

TEXTILE STATISTICS
Cotton,
raw

Cotton and manufactures

L

C o t t o n cloth
finishing 2

s
Year and month

Si f
I

o

Month
ly average,
1923-25=
100
1930: July
1931: July
1932:
July
August
September
October
November
December
1933:
January
February
March
April
May
June

July...

_.

__.

Monthly average, January through July:
1931
1932.
1933

s
s

is

Operations, machinery activity

U

•3 £3

34,682
53,886

52
64

53
83

42
43

79.2
67.4

39,948
44,746

79.2
76.4

31.0
35.3

52.1
44.6

2.955
2.364

50.0
52.6
57.9
56.2
53.6
51.7

26,719
41,361
46,055
42,423
38,963
36, 532

39
59
70
73
60
55

50
57
74
73
58
57

17
26
36
43
42
33

53.6
53.4
56.7
56.5
55.3
54.2

38,382
59,905
59,694
53, 703
43,955
40, 548

47.1
67.6
83.7
84.5
76.2
83.2

45.9
38.3
43.6
46.8
45.3
34.2

41.0
50.2
62.0
61.9
52.2
55.5

1.231
1.647
1.805
1.673
1.562
1.550

80, 097
82, 272
80,446
80, 765
81, 740
75, 395

50.1
49.1
50.0
50.7
57.9
67.1
80.2

35, 510
33,278
24,943
28, 701
46, 898
58, 688
57,377

59
60
42
53
77
100
108

56
57
32
35
75
92
96

36
36
28
29
46
53
54

53.4
53.2
53.2
53.3
61.5
68.8
73.3

46,204
32,665
38,934
41,910
47,151
53,627
44,597

89.7
80.6
56.6
59.2
75.4
74.8
83.9

37.2
36.8
36.3
42.2
46.0
53.0
53.3

56.8
48.9
38.2
49.8
52.3
62.8
78.4

1.305
1.201
1.182
1.324
1.586
2.155
2.373

6,643 74,046 "70,033
5,349 "65,931 "78,779
7.490 flO,173 8ft,119

70.6
53.9
57.9

43, 574
25, 741
40,771

59
40
71

63
40
63

38
21
40

70.3
59.4
59.4

48,410
42, 288
43,584

86.2
58.4
74.2

43.1
42.5
43.5

51.6
39.5
55.3

2.491
1.505
1.575

5,301
6,528

i 92
91

278, 568
402,601
491,655
502, 244
503, 722
440,062

3,656
5,539
6,866
7,046
6,967
6,386

^87
l 83
i 76
f 85
106
133
139

471, 202
441,663
494,167
470,685
620,909
696,472
600,143

6,788 88,300
6,286 93, 773
7,048 95,746
6,569 74,463
8,310 88,278
9,299 100, 479
8,138

95
73
100

464, 692
382,143
543,177

1 Adjusted for seasonal variation.




Looms

,3.9

379,022
450,884

I 99

I

Spinning
spindles

Thousands of
pounds

Millions of
spindle
hours

84
100

k

Silk

Wool manufactures

Monthly average,
1926=
100

Running
bales

90
104

_

35 © 2

Wool

Thousands of
yards
38, 799 82, 297
56,153 74, 662
37,404 71,624
64,480 62, 547
87,988 59, 040
87,956 66, 633
69, 515 74,850
79,175 81,933

2

Printed only (mill and outside).

Percent of active hours
to total reported

3

Monthly av- Bales of Percent of active hours
erage,
133
to total
1926=
pounds
100

Grease equivalent.

0 6 months' average.

Dollars
per
pound

SURVEY OF CURRENT BUSINESS

September 1933

19

EMPLOYMENT AND PAY ROLLS
[1923-25=100]

PENNSYLVANIA 1
Employment

Month
January..
February
March
April
May
June—
July
August
September
October
November
December

..
_ _..

Monthly average

Pay rolls

1923

1924

1925

1926

1927

1928

1929

1930

1931

1932

1923

1924

1925

1926

1927

1928

1929

1930

1931

1933

104.8
106.6
108.0
106. 9
107.8
108. 6
107.7
107. 0
106.8
106. 6
105.5
103.3
106. 6

101.1
101. 5
102. 0
100.4
96.9
93.0
89 5
90.4
92.2
93 9
93.7
96.0
95.9

97.2
98.5
99.0
98.0
97.5
97.1
95.4
95. 5
96.4
98.3
98. 1
99.0

99.2
100.6
100.1
98.9
97.7
97.5
97.2
98.1
100. 1
101.4
101.3
100.2

98.0
98.4
98.6
96. 5
96. 2
95.8
94. 4
94. 3
94.5
94. 4
94.3
93.3

91. 6
93 5
93 8
90. 8
91
91. 7
90. 6
92.8
93.5
94. 3
94 5
94. 1

95. 8
96
95
94. 6
90. 3
85. 1
81.2
85. 3
81.
83 9
80. 1

4
78* 7
78 5
78. 6
76. q
74.3
71.8
72. 7
73
8
71.
71. 3

92. 7

89.0

71. 8

100. 0
104.4
104 7
102. 3
96. 8
89.1
81.6
86. 1
88.6
93. 7
92 6
99. 8
95. 0

98. 1
100.
101.8
98.5
99.2
96. 2
99 q
95. 1
93. 5
101.5
99.3
103.0
98. 3

102. 7

100.0
103.0
103 5
100. 7
98 4
97. 6
91 1
94. 7
q? 4
95. 1
7
93. 8
97. 0

89. 6
95 6
95 5
88. 9
q? 3
92. 0
86. 4
92.8
92.9
98. 4
96 P
96. 8
03. 1

109 7
106. 8
10? 6
97. 8
102. 1

9f.7
97.4
97.3
95.4
91.2
86.1
77.4
78.2
78.5
78.5
73.3
70.0
85. 0

65. 5
67.7
68.7
68.7
65.4
60.9
56.4
56.9
54.9
55. 3
51.9
52.6
60.4

49.3
48.9
47.6
43.2
39.3
37.3
33.2
34.8
37 6
40.6
39 1
37.4

95.7

98. 8
101 8
106 8
105. 5
113 9
112. 6
106 1
107. 0
106
110.
106. 3
105. 3
106. 7

94. 7
101 5
103 3
103. 7
104 8
103.
qq 9

99. 1

69.2
69.5
08.3
65.6
62.9
61. 5
58. 7
59.6
63.6
65. 6
65.2
63. 3
64. 5

101. 0
104 4
105 5
102. 7
101
101. 3
96 5
99. 4
10t 3
107.
104 q
106. 2

97.5

94. 0
96 6
97 1
97. 6
97 q
98. 5
98 6
100. 2
101 9
101. 5
100. 4
97.
98. 4

93 2
9
106. 9,
10S.8
117. 6
117 q
117. 4
110. 5
111 6
114. 4
111 0
112. 9
110. 4

90 5
91
93 3
91. 3
86.0
80. 5
76.0
79.4
83.5
88. 2
91 3
98. 1

94. 2
96 9
100 2
95 1
100 1
99. 8
99.0
102. 6
101.8
111. 7
109
112. 0
101. 9

105. 2
10R 1
108. 9
106.1
107 9
105 7
104. 9
106. 9
109. 9,
118.0
116. 5
116. 2
109. 4

106.3 . 101.3
110 7 104. 0
110 5
99.3
90
105 7
95
105 4
96 9
99 q
95. 3
97. 9
2
99. 0
99.
99 3 103
99. 4 104. 3
100 4
98.
96.
99.7
102. 7
98.

95.0
103. 7
104 3
106
108 n
108 1
104. 8
111. 6
109 8
108. 7
102 6
101. 0

96.7
96.0
93.8
93.6
90.7
87.2
81.3
83.8
85.9
83.6
78.5
72.4

55.9
54.3
52.4
46.5
43 9
42.4
39.4
39.8
44.4
47.3
44.7
42. 6

105. 3

87.0

65.7
67.5
67.5
68.1
67.8
66.0
61.1
66.1
62.4
63. 4
60.1
61.6
64. 8

Q?

lot.

40.7

PHILADELPHIA»

January
_
February
March
AoriL.
May
June .
July
August
September
October.
November
December
Monthly average

103. 6
107.9
110.4
110.6
112. 1
113.6
114.2
111.0
108. 5
109.3
107. 5
104. 5
109. 4

96. 0
95.4
94.fi
92.7
89.6
85.0
83. 6
84.8
87.7
92.3
92.3
93. 5
90.6

93.7
94.0
96.6
96.2
97.7
99.4
100.6
101.5
103.4
106.2
104.7
105.3
99.9

101. 0
102.7
102. 5
101.9
101.3
100.3
101. 6
103.1
105. 6
108.6
109. 5
106. 1

103.0
104.2
104. 5
101.3
100.3
97.9
97.2
98.1
96.3
91.3
94.4
92.9

103. 7

98.7

97 0
qs 3
96 0
9,
Q2

94 8
93
91 7
91.
90. 6
88 4
84. 3
86. 4
,88
9

94 0
98 8
97 8
qq 4
101 4
102. 0
104. 4
108. 3
105. 6
101.9
97.4
95. 4

0

92.
95.3
97.8
100. 3
100.0
98.1
92. 7
96.0

76. s
74 7
74 0
75. 0
74.
74. 3
79 2
75.' 0
75.0
73. 5
9
72. 3
73. 9

s:V

77. 8
88. 1

100. 5

68.4
68.2
66.7
63.2
62 0
60.2
58. 0
58.3
61.3
64. 2
63. 3
60.9
62.9

87. 7

NEW JERSEY 3
Employment
1928
87.9
January
February. . ._ ... __ . 87.9
87.8
March
87.6
April
88.0
May.
88.7
June...
88.9
July
90.2
August
93.8
September
October
94.6
97.1
November
.
98.5
December
1 90.9
Monthly average

Employment

Payrolls

Payrolls

1929

1930

1931

1932

1928

1929

1930

1931

1932

1928

1929

1930

1931

1932

1928

1929

1930

1931

97.8
99.4
100.8
101.7
103.2
104.0
104.7
106.5
107.8
107.6
104.7
100.2
103.2

98.7
98.9
97.5
95.5
94.2
92.5
91.9
92.6
96.8
97.1
94.5
90.4

85.7
85.1
84.8
83.4
82.9
81.1
79.9
80.4
80.6
79.9
78.2
75.1
81.4

72.9
73.9
72.2
70.0
68.8
67.8
64.9
63.4
66.0
66.2
65.5
65.2

31.5
<32.8
32.1
30.2
31.9
3?, 3
30.5
92.9
96.6
99.3
101.1
104.2

102.5
105.5
107.0
107.7
109.2
108.8
106.1
110.3
111.4
113.2
108.4
103.1

103.9
103.3
103.0
103.4
104. 0
103.3
104 3
102.7
105. 5
103. 8
102.7
104.9
103.7

104.9
107.4
106.7
110.5
110.1
109.1
113.3
116.9
118.3
115.6
117.3
116.8
112.2

80.0
79.2
76.5
75.4
73. 2
72.0
70.5
68.8
72.8
71.6
72.2
74.2

107.8

63.4
63.4
60.7
57 1
55.8
54.1
50.1
48.0
51. 4
52.0
49.6
49.6
54.6

87.6
88.1
88.7
87.5
37.0
36 ?,
84.9
83.8
81.7
75.0
75, 5

94.6

31.0
i32.0
30.7
79. 5
79.6
75 1
"4.0
73.8
W 6
71.9
68.8
65.7
75.1

113.5
112.8
113.4
113.0
109.9
107.7
103.0
102.1
99.0
94.4
88.3
87.1

68.1

102.0
102.7
101.7
99.3
97.3
94.1
92.0
93.3
97.2
97.6
91. 6
87. 1
96.3

103.7

83.6

73.9

95.3
95.9
98.1
94.7
99.6
98.8
94.4
97.2
98.9
100.4
99.0
105.9
98.2

102.0
107.3
108.4
111.4
115. 0
112.0
110.3
116.6
115.6
118.3
119.2
118.9
112.9

114.0
113.2
114.5
114.5
110.0
107.1
99.8
98.8
95.0
92.3
82.7
83.3
102.1

81.6
84.4
86.4
84.3
85.8
82.5
72.8
72.9
67.8
64.5
57.8
59.7
75.0

95.1

4<;. 1

DELAWARE *

CONSTRUCTION WAGE RATES

1932
61.1
62.9
60.5
55 8
52.2
51.4
48.6
47.3
50.7
50.9
49.4
52.2
53.6

5

[Dollars per hour]
Common construction labor rates 6
1922

January
February
March
April
May
June
July
A^UgUSt

September

October
N o v e m b e r . . _.
December
M o n t h l y average

. .

1923

1924

1925

1926

1927

1928

1929

1930

Skilled
1931

1932

1933

$0. 450 $0. 470 $0. 540 $0. 553 $0. 540 $0. 558 $0. 550 $0. 559 $0. 563 $0. 538 $0. 452 $0. 427
.450 .480 .540 .540 .540 .558 .548 .564 .563 .543 .442 .429
.430 .490 .550 .543 .543 .560 .548 .551 .561 .537 .436 .427
.430 .500 .550 .543 .543 .560 .550 .529 .565 .536 .412 .434
.420 .510 .560 .540 .550 .565 .550 .532 .563 .539 .411 .444
.430 .530 .560 .530 .550 .555 .555 .534 .563 .539 .412 .439
.440 .540 .560 .530 .553 .555 .558 .530 .562 .472 .414 .443
530
555
555
561 .535 .561
463
42°
440 .540 .560
.450 .540 .560 .530 .555 .555 .561 .550 .561 .467 .431
.450 .540 .560 .540 .550 .545 .563 .550 .560 .458 .431
.450 .540 .560 .540 .555 .545 .565 .560 .559 .456 .426
.470 .540 .565 .540 .555 .550 .563 .565 .550 .453 .427
.442 .518 .555 .538 .548 .554 .556 .547 .561 .500 .427

construction labor rates 7

1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933
$1. 00 $1.03 $1. 16 $1.21 $1. 24 $1. 28 $1.34 $1.35 $1.37 $1.37 $1.15 $0.99
.99 1.04 1.16 1.21 1.24 1.32 1.34 1.35 1.38 1.37 1.11 1.00
1 01 1.04 1.16 1 21 1.24 1 3?, 1 34 1. 35 1 38 1.36 1.11 .99
1.00 1.06 1.17 1.22 1.25 1.30 1.35 1.35 1.38 1.36 .95 1.00
1.00 .1.09 1.20 1.22 1.26 1.31 1.36 1.35 1.38 1.36 .96 .99
1.01 1.12 1.21 1.23 1.27 1.33 1.35 1.36 1.38 1.32 .99 .99
1.01 1.13 1.20 1.23 1.27 1.33 1.35 1.36 1.38 1.23 1.00 .99
1 01 1 14 1 20 1 23 1 28 1 34 1 35 1 37 1 39 1 19
98
1.01 1.15 1 ?,0 1 ?,3 1.28 1.34 1.35 1.35 1 39 1.19
99
1.01 1.15 1.21 1.23 1.29 1.33 1.35 1.37 1.39 1.17 .98
1.02 1. 16 1.21 1.23 1.29 1.34 1.35 1.37 1.39 1.16 .97
1.03 1.15 1.21 1.24 1.29 1.33 1.35 1.37 1.39 1.15 .98
1.01 1.10 1.19 1.22 1.28 1.32 1.35 1.36 1.38 1.27 1.02

1
Compiled by the Federal Reserve Bank of Philadelphia from original reports collected by the bank in cooperation with the United States Bureau of Labor Statistics and the
Pennsylvania Department of Labor and Industry. These indexes have been revised from 1923 to date. They are weighted according to the relative importance of each industry represented in the indexes as revealed by the Census of Manufactures. The indexes are based on reports from about 1,750 manufacturing plants, representing 68 industries which in 1929 employed approximately 573,000 wage earners, whose total pay roll amounted to about $785,000,000, or about 61 percent of all workers and their earnings
in the industries covered by the revised indexes. These indexes have been adjusted to the level as shown by the Census of Manufactures from 1923 through 1929 and will be
similarly adjusted in accordance with the 1931 Census as soon as detailed data become available. To make subsequent indexes comparable with those adjusted to the census,
a multiplying factor has been applied to every succeeding index number from January 1930. This method preserves the continuity of the indexes without affecting the
monthly changes. A complete description of the indexes and the method of computation is contained in a supplement to the August 1933 issue of " The Business Review"
of the
Federal Reserve Bank of Philadelphia. For 1938 data see pp. 28 and 29 of this issue.
2
Compiled by the Federal Reserve Bank of Philadelphia from original reports collected by the bank in cooperation with the United States Bureau of Labor Statistics and the
Pennsylvania Department of Labor and Industry. These indexes are based on reports from about 545 plants which in 1929 employed over 154,000 wage earners whose total
pay roll amounted to about $224,000,000, or approximately 50 percent of all factory workers and their pay rolls. The indexes have been adjusted to the level shown by the
Census of Manufactures from 1923 through 1929 and will be similarly adjusted for 1931 as soon as data become available. For 1933 data see pp. 28 and 29 of this issue.
3 Compiled by the Federal Reserve Bank of Philadelphia on the basis of monthly reports to the bank from 1923 to 1926 and since then to the New Jersey Bureau of Statistics
and Records. Current indexes represent reports from about 766 manufacturers covering 56 industries which in 1929 employed about 255,000 wage earners, whose pay roll
totaled over $378,316,000, or approximately 60 percent of the total factory employment and pay rolls. These indexes have been adjusted to the level as shown by the Census
of Manufactures from 1923 through 1929 and will be similarly adjusted for 1931 as soon as detailed data become available. For 1933 data see pp. 28 and 29 of this issue.
* Compiled by the Federal Reserve Bank of Philadelphia on the basis of reports from 56 manufacturing concerns representing 24 industries which in 1929 employed over
11,000 wage earners, whose pay roll totaled about $15,756,000, or approximately 50 percent of the total factory wage earners and their pay rolls. The indexes have been adjusted
to the trend as revealed by the Census of Manufactures from 1923 through 1929 and will be similarly adjusted for 1931 as soon as detailed data become available. For 1933

data see pp. 28 and 29 of this

issue.

5
Compiled by the Engineering News Record, and represent the hourly wages of both common and skilled labor in the construction industry. Both the skilled and
common rates are the arithmetical average of wages actually paid in twenty cities as follows: New York, Boston, Philadelphia, Baltimore, Atlanta, Birmingham, Cleveland,
Cincinnati, Detroit, Chicago, St. Louis, Kansas City, Dallas, Minneapolis, Denver, Seattle, San Francisco, Los Angeles, Pittsburgh, and New Orleans. These data are com
piled from monthly reports of correspondents in the twenty cities as to wage rates. Where union wages are actually paid, they are used, along with nonunion rates if the
latter are used on many jobs under construction. The average rate for each city is the average rate of union and nonunion, where both exist. The skilled rates are the
average of three trades—carpenters, bricklayers, and structural ironworkers, the three principal skilled trades in heavy construction. These rates will be shown in the Survey
in the December 1933 issue.
« Monthly averages for 1913, $0,190; 1914, $0,177; 1915, $0,182; 1916, $0,192; 1917, $0,281; 1918, $0,380; 1919, $0,466; 1920, $0,579; and 1921, $0,540.
7 Monthly averages for 1913, $0,555; 1914, $0,565; 1915, $0,570; 1916, $0,580; 1917, $0,610; 1918, $0,680; 1919, $0,780; 1920, $1,050; and 1921, $1,060.




20

SURVEY OF CURRENT BUSINESS

September 1933

CONSTRUCTION CONTRACTS AWARDED 1
NON RESIDENTIAL BUILDINGS
Projects (number)

Valuation (thousands of
dollars)

Floor space (square feet)

Month
1930
January
February.-_
March
April...
May
June
July
August
September..
October
November..
December..
Total
Monthly average_

1931

1932

1930

1931

1932

1930

1931

1932

2,578
2,803
3, 684
3,953
3,924
3,738
3,902
3,553
3,241
3,308
2,459
2,027

1,866
2,016
2,610
2,751
2,697
2,783
2,942
2,373
2,195
2,129
1,753
1,456

1,481
1, 796
2,032
2,179
2,140
2,093
2,064
2,180
1,921
1,792
1,582
1,363

17, 210,100
20, 950, 500
32, 207, 300
29,100, 800
29, 049, 500
25, 481, 700
25, 234, 800
21, 520, 600
19, 903,900
16, 771,100
13, 753, 400
13, 585, 500

11, 767,100
11,457,600
15, 272, 300
15,853,100
16, 573, 300
15, 456, 600
16, 373, 000
15, 669, 700
16, 573, 700
15,148, 200
9, 221,100
8,149,800

5, 378, 600
6, 051, 500
8, 204,900
6, 501,000
8,898, 600
6, 395,100
8, 678, 300
8,113,600
6, 721, 300
4,911,800
6, 035, 800
3, 330, 800

117, 761
139, 994
204, 451
193, 746
186, 650
180, 365
160, 477
136, 397
123, 698
118, 844
96, 059
99, 632

76, 820
78, 473
116,885
107, 669
107, 580
101,830
104, 741
99, 627
110,058
98, 581
57, 872
50, 213

33, 238
36, 348
49,172
45, 515
58, 946
39,813

39,170

27, 571

22, 623

264, 769, 200

167, 515, 500

79, 221, 300

1, 758, 074

1,110, 346

480,790

2,298

1,885

22, 064,100

13,959, 625

6, 601, 775

146, 506

92, 529

40, 066

1,719,700
1,864,000
2, 614,400
2,111,100
2, 240, 500
2, 267,100
1,912,400
2,991,400
2,035,000
1,541,200
1,606,600
981,100

51,305
69,576
76, 673
72,940
71, 270
58, 529
46,023
50, 005
30, 599
35, 426
29,154
24,820

26, 885
27,141
36, 223
26,206
25, 697
26,855
28,449
19,105
28, 600
41,275
14.070
10,599

9,098
10,067
10, 608
12,608
12,233
12, 957
8,259
18,357
8.771
7,034
6,678

3,264 !

48, 982
49, 071
35, 997
26,917
31,845
24,945

COMMERCIAL BUILDINGS
January
February...
March
April
May
June
July
August
SeptemberOctober
November..
December..

1,657
1,780
2, 251
2,315
2,248
1,901
1,907
1,906
1,830
2,004
1,473
1,159

1,124
1,263
1,571
1,518
1,443
1,405
1,435
1,269
1,181
1,225
1,033
832

952
1,170
1,276
1,404
1,367
1,268
1,141
1,320
1,268
1,175
1,064
829

8,497, 300
10,405.900
12, 654, 300
10, 408, 900
9, 775, 600
9, 445, 200
7,166,400
7,814, 700
5,603,100
6,635,400
4, 693,100
3, 487, 400

4, 327,400
3,749,000
5,095,900
4, 092, 500
4,816,000
5,013, 600
4,139,200
3,385,900
4,954, 500
6,130,700
2, 529,900
1, 800, 600

Total

22,431

15,299

14, 234

96, 587, 300

50,035, 200

Monthly average.

1,869

1,275

1,186

8,048,942

4,169, 600

23,884,500
1, 990, 375

616,320

311,106

51,360

25, 925

5,748
122,718
10, 227

PUBLIC WORKS
Number of projects
1925

January
February
March
April
May
June
July
August
September
October.
November
December
Total
Monthly average.

1926

1927

1928

378
338
661
971
1,131
1,038
1,049
1,139
932
811
510
423

365
471
751
937
1,218
1,377
1,394
1,433
1,234
1,029
624
628

557
1,011
1,395
1,493
1,492
1,610
1,650
1,551
1,211
854
827

505
674
1,247
1,586
1,914
2,098
2,025
1,977
1,619
1,577
881
773

9,381

11,461

14,100

16,876

782

955

1,175

1,406

449

1929

Valuation (thousands of dollars)

1930

1931

661
709
1,275
1,861
2,118
2,288
2,028
1,817
1,848
1,761
1,057
834

812
911
1,482
1,687
1,894
1,821
1, 836
1,519
1,583
1,100
879

16, 70!

18,257

16, 393

1,392

1,521

566
557
1,027
1, 690
2,039
1,897
2,080
1,971
1,743
1,633
862
643

1932
437
483
699
1,330
1,444
1,554
1,726
1,512
1,588
1,250
966
832

1925

1926

1927

1928

1929

23, 671
29, 707
52,944
71,892
69, 836
71, 863
59, 256
71,408
68,349
47, 478
47, 427
36, 722

36,044
39,983
69, 037
64,928
77, 303
83, 214
89, 379
98,430
77,637
59,815
39, 800
40, 064

35, 785
37, 855
78,133
98, 088
90, 551
101, 722
114,569
96, 799
106, 393
92, 914
48,107
61, 246

37,865
48, 052
89, 550
101,363
114,697
106,395
116,958
98,124
80,878
70,241
61,972
53, 969

38,909
29,730
57, 583
108, 074
120, 453
95, 475
149,157
98, 708
83,481
70,614
45, 002
37, 261

1930 ' 1931
49, 724
58,038
79,310
128,123
111,479
114,084
93,199
78,312
80, 355
G7, 403
48,801
54,180

58,115
59,232
114,564
98, 564
90, 461
111,342
90, 985
60, 869
70, 448
42, 561
38, 799
39, 508

1932
19, 494
15, 633
22, 034
42, 384
57, 887
44, 575
54, 562
56, 729
64, 203
50, 237
50, 096
36, 866

13, 821 650, 552 775, 634 962,162 980,063 934,447 963, 009 875, 448 514, 700
77, 871 80, 251

'2, 954

42, 892

89, 859
44, 258
70,866
37,867
42, 719
209,308
28,870
49, 266
29, 276
45, 789
27, 931
24, 712

38, 646
19, 783
37, 620
34, 796
19,139
30, 231
26,379
12, 407
16, 052
40, 413
9,235
10, 967

4,562
12, 647
7,819
4,911
3,831
5, 572
5 484
7,422
4, 523
8,264
4,116
6,451

700,720 295, 667

75, 602

34, 616 47, 060 34,984 40, 368 43, 712 58, 393 24,639

6,300

1,366 | 1,152 54, 213

80,180

81, 672

PUBLIC UTILITIES
January
February
March
April

_

Mav

--

June
July
August
September
October
November
December

- .
__

Total
Monthly average
1

- -

--

—.

90
103
123
178
172
167
185
170
148
201
147
118

106
108
170
199
170
205
203
207
221
196
137
200

118
152
187
219
249
247
225
233
230
238
169
127

118
148
175
226
247
255
271
273
281
278
214
175

180
174
254
306
307
321
307
272
309
267
243
190

177
182
210
229
263
229
227
209
231
204
125
119

2,122

130
162
234
232
240
225
203
214
260
199
175
182
2,456

1,802
150

2,394

2,661

3,130

2,405

177

205

200

222

261

200

102 15, 248
112 26,976
140 48, 405
128 46,143
145 11,654
170 27, 917
150 50,199
173 32, 860
157 19, 675
128 51, 250
116 24, 689
107 60, 380

42, 984
15, 536
31,145
44, 351
38,138
35,076
22, 240
27, 271
79, 600
87, 341
32, 322
28, 413
1,628 415,395 564, 718 419,812 484, 418
136

76, 998
30,155
61, 009
35, 450
33,855
20,233
32,173
54, 232
34, 364
52,356
32, 871
101,023

31, 336
25, 530
39,746
25, 037
38, 282
52, 295
30, 786
25, 629
44,180
30,174
42, 474
34, 343

40, 015
37, 553
21, 003
83,167
47, 479
59,961
53, 085
44,139
57, 534
17, 242
35, 315
28, 052
524, 546

Compiled by the F. W. Dodge Corporation and represents a revision of the data previously shown in the Survey of Current Business, including the statistics carried
on pages 30 to 33, inclusive, of the 1932 Annual Supplement. The principal change is the breakdown of the statistics for public works and public utilities. The statistics
on floor space for public works and public utilities have been eliminated since such a large proportion of this type of construction cannot be measured on this basis, and
for this reason it is not felt that the statistics are of a special significance. Airports have been transferred from the commercial buildings class beginning 1930 to the public
utilities group. The figures previously published for the commercial class included airports, but since separate data for the latter are not available prior to 1930 no revision
of the data can be shown for previous years. Data for the nonresidential class are revised due to the exclusion of airport projects. 1932 data here shown are for record only
since the figures for that year as previously published included the above-mentioned revisions. For 1933 figures, see pp. 24 and 25 of this issue.




21

SURVEY OF CURRENT BUSINESS

September 1933

WEEKLY BUSINESS INDICATORS
[Weekly average 1923-25=100]
1933
1932
1931
Aug. Aug. Aug. Aug. Aug. Aug. Aug. Aug. j Aug. Aug.
22
30 I 23
26 19 12 27 20 13 29
Business activity:
New York Times * #
Business Week * f
Commodity prices, wholesale:
Dept. of Labor, 1926=100:
Combined index (784)...
Farm products (67)...
Food (122)
Fisher's index, 1926=100:
Combined index (120)—
Agricultural (30)
Nonagricultural (90)..
Copper, electrolytic
Cotton, middling, spot
Iron and steel composite..
Construction contracts t
Distribution: Car loadings..
Employment: Detroit factory
Finance:
Failures, commercial
Security prices:
Bond prices %
_
Stock prices f

64.2

82.3 92.5 93.1

65.5 54.2 53.5 54.5 71.0 71.4! 88.8 88.9

69.6 69.3
65.2 65.4 65.2
58.2 57.5 58.5 49.5 49.9 49.4
65.0 64.4
61.8 62.5
70.4
49.2
75.8
63.8
35.3
72.7
19.7

61.9 61.8 61.9
70.3
46.9 46.9 47.4
49.3
63.5 63.4 63.0
75.6
63.8 63.8 37.' 37.7 37.7
34.2 34.2 32.0 27.6 26.5
72.5 72.5 70.6 70.7 70.9
37.5
26.9
26. 5
56.1 54.1 53.4
66.2
63.3

68.9
57.0
72.1
52.9
26.5
75.0
64.1
79.6

58. 3
72.4
52.9
24.6
75.0

32.9 50.0

29.2

82.8
85.8
80.8
77.5
41.2
79.7

83.3
86.5
81.3
77.5
41.9
79.4
85.1
102.7

98." 1

85.1—-.

80.1

85. 7 144. 7 159. 2

98.0
92.5

92.1 89.9 87. 3 103. 6103. 9 108.3i 108. 0
88.6 67.7 61.0 59. 71126.5 128.
I. 0 193.' 202.5

107.1 109.1115.7 107.1

I Aug. Aug. Aug. A u g . Aug. Aug. Aug. Aug. Aug. Aug.
26
19
12
27
20
13
29
22
"
23

Finance—Continued
Banking:
75.4 82.4 92.: 108.0
Debits, outside N.Y.C.J. 59.1 63.8 55.0 53.2
Federal Reserve reporting members banks:§
Deposits:
i
Net demand
1101.8 101.8 103.1
89.4 109.2 109.3 112.7 112.8
Time
|124. 5 124. 9 125. 0 124. 3 124. 2124.3 154.8 155. 7 164.1 163. 4
78.9
87.3 87.'
Loans, total
114. 7 134.4 134.4
Interest rates:
24.2 24.2 24.2 48.5 48.5 48.5 36.4 36.4 48.5 56.5
Call loans %
26.3 28.6
. 3 34.3
Time loans %
40.0 37.3 74.3 74.3
Money in circulation %-- 115. 5 115.8 115.8 117. 5 117.9 117.9 03. 2 102. 3 92.4 93.0
Production:
65.6 70.7 70.6 31.8
Automobiles
36.0 62.6 65.5 86. 95.8
74.2 72.2 52.1
45.7 73.3 69.6 38.6 83.1
Bituminous coal t
---!
Electric power |
j 97.8 99,0 97. 86.2 1.0 84.9 98.3 98. 6 101. 4 01.5
52.
Lumber X
---I
132.8133.9101.5 101.3 102.9 84.1 125.2 118.1 118.6
Petroleum t
64.5 68.4
17.1 18.4 19. 40.8 42.1 76.3 76.3
Steel ingots 1
Receipts, primary markets:
76.6 71.
Cattle and calves
63.6 99.7 92.4 96.2 76.0
51.8 51.0 55.81 61.3 56. 7 58. 7 58.1
Hogs
_
57.3 53.5 58.1
Cotton
34.21 50.4 31.5118.1 91.2
Wheat
.05. 9i 144. 5 149.11169. 6 222.
68.5 62. 3 115.1
t Weekly average, 1928-30=100. X Average same week, 1930-32=100.
§ 1933 indexes are based on reports from 90 cities; earlier data cover 101 cities.

* Computed normal = 100. t Daily average. 1 Latest week is preliminary.
# Index revised. See weekly supplement of June 1, 1933, for explanation.

WEEKLY BUSINESS STATISTICS
1933

COMMODITY PRICES, WHOLESALE
Copper, 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 (K.C.)
dolls, per bu_.
Banking:
FINANCE
Debits, New York City
mills, of dolls..
Debits, outside New York City
mills, of dolls..
Federal Reserve banks:
Reserve bank credit, total
mills, of dolls..
Bills bought
.mills, of dolls..
Bills discounted
mills, of dolls..
U.S. Government securities
mills, of dolls..
Federal Reserve reporting member banks: §
Deposits, net demand..
mills, of dolls_.
Deposits, time
mills, of dolls..
Investments, total
mills, of dolls..
U.S. Government securities
mills, of dolls..
Loans, total
mills, of dolls..
On securities
mills, of dolls..
All other
mills, of dolls..
Interest rates, call loans
percent..
Interest rates, time loans
percent..
Exchange rates, sterling (daily av.)
dollars..
Failures, commercial.
number..
Money in circulation (daily av.)
mills, of dolls __
Security markets:
Bond sales, N.Y.S.E
thous. of dolls, par value..
Bond prices, 40 corporate issues.
dollars...
Stock sales, N.Y.S.E
thous. of shares..
Stock prices (N.Y. Times)
dolls, per share-.
Stock prices (421) (Standard
I n d u s t r i a l s (351)
P u b l i c utilities (37)
Railroads (33)

Statistics)

1926=100..
...1926=100..
1926=100..
___1926=100..

PRODUCTION, CONSTRUCTION,
Production: A N D DISTRIBUTION
Automobiles (Cram's estimate)
number..
Bituminous coal (daily av.)
thous. of short tons..
Electric power
mills, of kw.-hr._
Petroleum
thous. of bbl._
Steel ingots
percent of capacity..
Construction contract awards (da. av.)_thous. of dolls..
Distribution:
Exports:
Corn
.thous. of bu._
Wheat
thous. of bu._
Wheat
flour...
thous. of bbl..
Freight-car loadings, total
cars..
Coal and coke
cars..
Forest products
cars..
Grain and products
...cars..
Livestock
cars..
Merchandise, l.c.l
cars..
Ore
cars..
Miscellaneous
cars..
Receipts:
Cattle and calves
thousands..
Hogs
thousands..
Cotton, into sight
thous. of bales..
Wheat at primary markets
thous. of bu._
Wool, at Boston, total
thous. of lb_.

1932
Aug. 12

Aug. 26

Aug. 19

0.088
.096
1.93
30.10

0.088
.093
1.91
30.02
.84

i
I
!
I
i

0.088
.093
1.95
30.02
.94

2,753 j
2,740 j

3,434
2,957 i

2,424
2,548

Aug. 27

!
!
!
I
i

0.052
.087
1.75
29.24
.47

i
j
I
I
I

2,637 1
2,468 |

1929

Aug. 20

Aug. 29

Aug. 22

Aug. 30

A u g . 23

Aug. 31

0.052
.075
1.75
29. 26
.47

0.073
.072
2.14
31.04
.42

0.073
.067
2.19
31.04
.44

0.107
.114
2.78
32.88
.83

0.107
.112
2.77
33.00
.80

0.178
.193
3.33
36.52
1.20

0.178
.187
3.35
36.52
1.22

3,495
3,497

4,273
3,820

4,900
4,275

5,729
5,010

10, 348
6,037

10,910
6,305

1,199
181
242
728

1.141
155
231
728

984
163
193
602

986
159
196
602

1,317
157

1,309
132
986
149

1.50
1.75
4.86
436
5,013

1.50
1.63
4.86
444
4,968

2.00
3.25
4.87
471
4,486

2.33
3.25 I
4.87
436
4,475

8.63
9.00
4.85
365
4,790

6. 63
8.88
4.85
399
4,778
55, 722
92.28
23, 688
292. 53
222.5
214.6
311.7
167.1

2,971 j
2,746 I
f

2,240
166
2,059

2, 220
8
156
2,048

2,321
35
427
1,851

2, 344
36
443
1,851

10,378
4,516
8.100
5.155
8, 505
3,737
4,768
1.00
1.00
4.56
326
5,607

10,363
4,534
8,125
5,186
8,583
3,795
4,788
1.00
1.15
4.46
312
5,622

10, 495
4, 537
7,986
5,037
8,538
3,768
4,770
1.00
1.25
4.49
349
5,623

10,148
4,580
7,072
4,216
9,355
4,010
5,345
2.00
1.50
3. 46
589
5,706

10,102
4,578
7, 065
4,222
9.427
4,042
5,385
2.00
1.50
3.48

47,860
87.79
11,165
89.79
76.1
80.7
84.9
50.3

47, 300
87.95
8,495
85.95
72.1
75.6
84.4
46.7

52, 600
88.08
8,728
86. 05
75.8
79.2
89.7
49.8

86, 718
82. 51
20, 951
65. 70
57.7
55.1
91.3
34.7

66, 559
80.48
12, 998
59.22
52.3
50.4
83.5

51,108
92.81
4,764
122. 87
93.9
87.2
153.3
62.0

46,582
93.07
6,927
124. 31
95.8
89.0
155.1
64.4

43, 543
97.01
8,843
200. 23
149.5
140. 4
216. 0
122.8

38, 990
96. 68
8, 832
196. 66
149.1
139.9
216. 5
121.5

55, 580
92. 25
20, 325
299.18

50,047

53, 920
1,264
1,650
2, 767
52
4,326

53, 867
1,229
1,627
2,790
55

24, 265
887
1, 436
2,114
13
6,016

24, 865
825
1,432
2,111
14

47, 787
1,249
1,638
1,752
31
10, 296

49,953
1,186
1,643
2,608

66,145
1,509
1,688
2,461
58
13, 668

73,129
1,416
1,691
2,471
58

113,316
1,814
1,762
2,973
88
20, 444

111,902
1,692
1,750

25
8
61
634,845
133,292
26,875
28,598
17,317
168, 881
37,384
222,498

113
1
45
622, 759
129,133
27, 758
31, 598
15, 389
169,696
33, 035
216,150

109
752
79
537,973
134,488
16,495
37, 969
19,196
171,478
7,210
188,142

335
708
72
518,440
88,224
15,662
38,146
17,623
169,636
7,231
181,918

36
1,064
150
763,551
139,356
28, 026
40, 220
24,317
214, 591
34,927
282,114

30
2,184
112
748, 600
123, 262
27, 235
44, 740
23,041
214,010
35, 724
280,588

64
. 53
3,104
5,004
337
230
940, 558 1,162,100
160, 766
201, 559
41, 376
69, 823
53, 496
57,975
21, 842
26, 828
266, 743
236, 423
55, 087
75, 237
468,414
367,089

215
4,493
200
1,137,966
186,786
69,663
61, 831
26, 202
261, 800
75,736
455,948

149
5,452
7,543

139
4,957
19, 228

242
336
148
9,160
4,290

227
331
129
8,830
16, 796

315
398
131
11,498
* 7,934

292
368
82
11,860
3,409

291
482
138
13, 807
8, 263

297
429
135
18,553
9,380

2,258 ;
7 i
150
2,094

~l~630"
49
3,170

183
6,815
2,663

5,725

49

6,361
226
984,510
177, 362
42,824
59,658
24, 554
239,322

55, 748
385,042
304
381
307
13, 494
13, 651

§ Statistics cover 90 cities. Comparable figures not available prior to 1932, but adjustment has been made in indexes in preceding table.




Aug. 24

240
377
237
17,665
2,846

226. 9

218.9
314.0
173. 5

2,966
89

22

SURVEY OF CURRENT BUSINESS

September 1933

Monthly Business Statistics
The following summary shows the trend of industrial, commercial, and financial statistics for the past 31
months. Statistics through December 1931 for all series except those marked with an asterisk (*) will be
found in the 1932 Annual Supplement to the Survey of Current Business, together with an explanation of the
sources and basis of the figures quoted. Series so marked represent additions since the Annual was issued and
similar information, if published, will be found in the places noted at the bottom of each page. Later data will
be found in the Weekly Supplement to the Survey.
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933

Decem- January FebruOctober NovemAugust September
ber
ber
ary

July

July

1933

1933

March

April

May

June

BUSINESS INDEXES
BUSINESS ACTIVITY (Annalist) §
Combined index
normal=100—
Automobile production
normal = 100—
Bituminous coal production.. .normal=100—
Boot and shoe production
__normal=100 _
Carloadings, freight
normal=100—
Cotton consumption
normal=100..
Electric power production
normal=100._
Pig-iron production
normal=100..
Steel ingot production
normal = 100. _
Wool consumption
normal = 100..
Zinc production
. . .
normal= 100—

52.0
31.6
45.1
83.4
48.8
57.4
67.3
18.0
19.3
65.1
31.2

55.5
24.6
49.9
91.1
48.9
75.3
67.5
16.7
18.3
87.1
28.2

60.4
25.4
57.0
101.4
52.4
89.0
68.3
19.7
22.4
95.5
28.1

60.0
17.5
64.5
100.4
56.0
83.4
66.2
20.9
23.9
84.8
30.8

59.7
28.2
64.3
94.5
55.3
81.4
67.0
21.4
23.9
81.4
32.6

59.2
52.8
65.1
83.5
56.5
75.8
65.7
18.3
20.8
81.0
36.1

57.2
47.7
54.7
87.9
54.3
74.6
63.1
18.3
22.1
72.6
36.6

56.5
31.7
61.0
95.3
53.1
72.1
63.5
18.5
23.1
70.6
40.0

52.9
27.2
52.8
88.9
49.3
72.9
62.2
15.5
16.2
51.4
40.0

57.4
40.9
55.7
98.0
53.0
75.3
63.0
18.1
27.6
67.5
42.0

66.8
47.9
57.9
120.2
54.7
100.7
66.9
25.7
39.8
112.4
42.4

76.0
55 0
65.6
123 6
58.9
125 8
71.2
39.9
57 5

56
55
34
61
80
36
23
76
25
80
141
87
79
64
123
62
45
42
15
29
106
34
31
58
57
33
50
a 82

59
58
26
62
78
21
23
94
25
81
135
68
33
86
115
66
48
49
17
32
106
40
29
60
59
23
48
83

67
66
26
67
93
43
27
107
23
89
133
61
84
104
123
73
62
61
15
39
108
34
29
66
66
24
54
95

68
66
15
63
89
50
30
104
25
94
137
60
158
102
112
80
79
74
22
39
104
36
32
67
65
16
55
89

65
63
18
53
87
57
29
85
20
89
138
55
119
95
106
78
67
74
6
47
105
39
35
65
63
31
53
83

60
58
32
34
86
54
24
73
20
81
132
46
60
86
91
72
74

64
63
40
23
94
78
28
79
23
84
132
54
64
92
107
71
57

65
63
35
24
89
68
32
92
20
88
132
58
129
88
104
76
68

61
59
34
29
90
59
24
87
23
86
135
45
112
78
94
74
63
61

68
68
57
34
99
61
39
91
26
88
140
76
31
88
107
65
45

« 90

21
23
84
23
84
135
68
22
90

43
28
93
23
88
133
64
84
104

50
31
94
24
91
137
68
216
99

59
31
89
21
87
138

45
108
36
47
67
66
44
35
105

36
25

46
120
48
47
60
57
27
40
91
54
21
85
22
85
135
41
144
76
99
81
77
51

79
79
64
50
98
96
53
99
32
87
147
118
31
106
145
76
43
50
21
36
136
35
46
77
77
51
42
99

51.0

INDUSTRIAL PRODUCTION (F.R.B.)
Total, unadjusted
1923-25= 100—
Manufactures unadjusted
1923-25=100—
Automobiles
1923-25=100.,
Cement
1923-35=100Food products
1923-25=100..
Glass, plate
1923-25=100..
Iron and steel
1923-25=100—
Leather and shoes
1923-25=100..
Lumber
1923-25=100..
Paper and printing
1923-25=100..
Petroleum refining
1923-25=100..
Rubber tires and tubes
1923-25=100..
Shipbuilding
1923-25=100..
Textiles
1923-25=100..
Tobacco manufactures
1923-25=100..
Minerals, unadjusted
1923-25=100
Anthracite
1923-25=100.
Bituminous coal
1923-25=100..
Iron ore shipments
. . ..1923-25=100
Lead
1923-25=100..
Petroleum, crude
1923-25=100..
Silver
1923-25=100..
Zinc
1923-25=100.. "
Total, adjusted
1923-25=100—
Manufactures, adjusted
1923-25=100
Automobiles . .
.
1923-25=100.
Cement.__
.1923-25=100—
Food products
1923-25=100
Glass, plate
1923-25=100..
Iron and steel. . .
1923-25=100—
Leather and shoes
1923-25=100..
Lumber
1923-25=100Paper and printing
1923-25=100
Petroleum refining
1923-25=100..
Rubber tires and tubes
1923-25=100—
Shipbuilding
1923-25=100Textiles...
1923-25=100 .
Tobacco manufactures
1923-25= 100Minerals, adjusted .
1923-25=100.
Anthracite
1923-25=100
Bituminous coal
.
. 1923-25=100Iron ore shipments
1923-25 = 100..
Lead
1923-25=100—
Petroleum, crude
1923-25=100-.
Silver
1923-25=100
Zinc
1923-25=100

94
94
73
68
97
148
93
113
45

120
126
90
55
69
81
34
139
66"
98
99
70
56
100
150
100
114
46

a 74

129

25
86
141
89
54
69

67
76

117
92
40
36
136
71

114
64

104
74

108
65

111
70

55
46

48
50

61
58

61
67

8
31

8
33

8
41

104
40
34

104
41
31

104
36
31

13
38

103
36
33

73
136
92
104
75
65
66
7
45
106
37
35

70

63

67

39
93
30
39
66
64
60
43
84
72

46
102
36
42
65
64
48
38
89

41
108
33
47
64
62
33
41
89

88
29
85
26
86
132
59
91
87

63
31
90
20
85
132
54
181
83

27
85
23
86
132
67
78
91

112
76

113
73

115
79

75
66

53
57

64
63

39
96
30
38

45
107
36
40

110
30
44

40

46

55
35
94
24
85
140
65
32
85

116
72
44
55

88
49
107
30
85
147
94
106

143
78
43
57

14
37

a 91
75
64
« 99
120
72
40
° 109
91
153
139
126
147
a 82
-°57
57
30
42
« 137
28
53
a 91
« 92
66
51
° 100
118
72
a 114
38
91
154
115
133

135
a 84
65
a 64
15
41
0
134

45
122
44
44

45
108
36
45

134
36
46

75.3
80.8
70.2
67.8
85.9
95.8

84.4
86.3
73.8
79.8
a
99.8
103.2

92.9
97.3
85.7
89.1
103.9
107.0

° 103. 8
• 108. 2
104.3
a 97. 6
a 119.8
<* 111.6
a 103. 8

29
55

INDUSTRIAL CONSUMPTION OF
ELECTRICAL ENERGY
Consumption by geographic sections:
79.4
84.0
85.1
87.7
73.5
«76.3
Total, United States
__. 1923-25=100110.7
83.3
83.8
86.8
91.3
70.0
68.4
Middle Atlantic
—1923-25=100—
115.3
80.5
90.2
75.2
66.2
84.0
New England
1923-25=100.
67.7
109 0
75.4
66.8
74.8
75.4
78.5
72.1
North Central
1923-25=100—
105.4
94.1
108.5
103.8
104.4
85.3
87.9
Southern
1923-25=100—
125.0
93.8
89.4
96.0
96.8
101.3
88.7
Western
_
1923-25=100—
119.0
Consumption by industries:
79.4
85.1
73.5
84.0
87.7
76.3
Total, all industries
1923-25=100..
110.7
Automobiles, including parts and acces56.2
36.5
37.7
47.3
67.2
58.0
33.7
sories
1923-25=100Chemicals and allied products
124.9
126.8
124.3
116.6
129.0
130.1
1923-25=100146.7
122.0
129.5
121.3
103.2
123.2
118.3
Food products
1923-25=100—
147.2
95.4
93.7
79.8
Leather and products
1923-25=10073.7
82.2
93.7
101.2
96.2
Lumber and products
1923-25=100-.
80.6
83.5
103.3
69.2
69.8
88.5
§ Indexes for July not available due to a general revision in the series. Revised
» Revised.




81.9
85.7
75.5
76.3
90.1
100.0

85.8
91.8
79.8
• 80.5
99.3
102.0

81.9

85.8

75.3

84.4

« 92. 9

59.2

61.2

42.6

54.8

58.9

a 64. 8

121.0 « 127.1
115.6
119.7 o 126. 2
101.5
82.5
81.4
93.5
89.5
84.7
« 91.3
in a subsequent issue.

a 135. 7
130.8
100.2
a 94. 5

130.0
112.5
95.0
91.0
data will be shown
126.0
107.5
83.6
90.4

23

SURVEY OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

1932
July

1933

Decem- January FebruOctober NovemAugust September
ber
ber
ary

March

April

May

June

BUSINESS INDEXES—Continued
INDUSTRIAL CONSUMPTION OF
ELECTRICAL ENERGY-Continued
Consumption by industries—Continued
Metals, group
1923-25=100..
Electrical apparatus
1923-25=100Metal-working plants
1923-25=100Rolling mills and steel plants
1923-25=100Paper and pulp
1923-25=100Rubber and products
1923-25=100..
Shipbuilding
.1923-25=100Stone, clay, and glass
1923-25=100..
Textiles
_. 1923-25=100..

83.0
112.8
78.0

50.7
79.2
50.2

44.0
67.6
45.0

50.6
81.4
51.8

54.8
80.9
53.0

57.5
85.6
56.1

54.0
76.0
52.7

58.4
74.0
52.8

64.2
83.3
58.4

50.5
75.0
50.5

58.0
89.4
55.3

65.5
•104.1
63.7

73.0
106.9
•72.6

91.7
128.3
157.0
76.4
107.0
119.0

51.2
94.5
95.6
82.5
77.5
54.0

44.7
94.7
76.4
77.9
71.8
65.7

51.3
107.4
87.7
84.0
90.3
86.7

54.8
111.3
86.5
72.3
84.3
94.8

56.6
113.6
93.0
84.0
81.9
93.0

53.3
98.8
77.2
84.0
56.2
86.5

54.7
104.4
85.2
83.5
58.5
85.0

60.6
111.0
91.0
89.2
67.2
84.1

50.5
95.2
68.0
71.5
68.8
79.0

62.3
102.3
82.0
73.0
74.5
86.0

68.8
112.0
124.5
71.3
90.0
96.4

•79.8
• 125.0
»137.0
75.7
»102.0
»117. 7

117
61
76
384
51
10
71
81
70
55
13
53
114
64

79
85
106
73
78
322
71
°45
85
102
46
55
14
54
107
61

»103
81
88
77
72
213
»125
•175
101
98
75
52
17
49
89
70

123
83
82
84
75
128
•165
•271

108
84
84
74
117
84
"133
»246
77
54
70
51
40
47
77
92

82
81
87
68
119
38
84
M36
63
45
61
47
45
42
70
90

«76
81
101
75

61
69
89
63
76
63
52
«53
65
•38
76
51
37
48
23

•73
86
97
68
137
49

92
103
131
79
153
131
"81
°60
111
90
86
60
27
57
122

91
102
144
79
108
399
81
62
65
100
103

37
27
23
76
36
111
0
32
37
21
37
23
45
34

45
34
27
83
34
135
10
33
38
23
55
22
49
23

40
33
21
81
35
131
0
32
38
22
50
22
50
21

33
24
14
71
37
115
0
28
37
19
35
25
41

40
41
19
71
36
119
0
•31
36
20
34
24
•60
4

56
53
32
77
38
•163
1
•36
37
•28
35
24
•78

67
74
32
87
40
202
4
45
42
27
33
27
122

134
102
116
92
98
87
83
201
138
75
155
74
157
90
175
125

143
100
121
84
98
91
83
205
127
69
146
74
173
112
180
122
217

155
98
122
73
99
87
83
192
125
76
» 139
77
196
122
195
116
263

157
98
121
67
103
85
85
191
117
82
»146
82
199
122
185
106
287

153
96
121
66
108
81
83
193
83
81
•159
76
193
117
177
109
282

149
97
122
69
107
°80
85
196
90
78
«160
74
186
112
169
95
277

143
97
120
69
105
«85
82
200
89
80
•163
77
176
104
164
86
259

°81
•169
99
163
82
°241

133
95
119
•69
101
•82
83
207
81
76
«159
«81
161
93
160
78
a
225

* 133
•97
112
79
101
°87
82
201
90
77
°155
«79
» 159
90
171
84
"206

» 135
» 101
"107
"109
94
•104
81
185
84
•74
•154
"107
» 159
•87
189
84
•184

262
M28
244
325
204
311
136
229
198

256
429
221
330
186
310
141
226
207

260
434
239
328
188
306
153
228
204

262
426
229
330
193
314
155
220
217

263
402
229
326
206
312
145
212

259
394
212
328
220
331
147
207
220

261
375
231
330
217
326
158
209

267
362
236
331
225
348
167
204

269
343
255
326
217
344
171
201
208

267
340
247
353
242
317
164
192
219

MARKETINGS
Agricultural products*
Animal products
Dairy products
Livestock....
Poultry and eggs
Wool
Crops.
Cotton
_
Fruits
_
Grains
Vegetables
Forest products..
Distilled wood
Lumber
Naval stores—
Pulpwood
ORDERS
Orders, new
Iron and steel
Lumber and products
Paper
Stone, clay, and glass
Textiles
Transportation equipment
Orders, unfilled
Iron and steel
Furniture and
flooring
Paper
Brick and glass
Textiles
Transportation equipment

1923-25=100..
1923-25=100..
1923-25=100..
..1923-25=100..
1923-25=100__ 1923-25=1001923-25=100..
1923-25=100..
1923-25=1001923-25=1001923-25=100.1923-25=100..
.1923-25=100.1923-25=100.1923-25=100..
1923-25=100-

91
95
130
73
84
534
87
62
73
131
51
63
135

1923-25=1001923-25=1001923-25=100..
1923-25=1001923-25=1001923-25=100..
1923-25=100..
1923-25=100..
1923-25=100..
1923-25=100..
1923-25=1001923-25=100.1923-25=100..
1923-25=100-

142
87
87
56
27
53
78
84

76
102
63
104
30
55
49
65
40
105
54
35
50
33
» 101

° 35
17
75
40
118
0
• 28
35
19
35
24
a 45
5

•49
74
60
83
57
25
53

28
60
135

STOCKS
Domestic stocks
1923-25=100..
Manufactured goods
1923-25=100..
Chemicals and allied prod...1923-25=100Food products..
1923-25=100..
Forest products
1923-25=100Iron and steel products
1923-25=100..
Leather....
1923-25=100Metals, nonferrous
1923-25=100..
Paper, newsprint
1923-25=100..
Rubber products
1923-25=100..
Stone, clay, and glass
1923-25=100..
Textiles
1923-25=100..
Raw materials
1923-25=100..
Chemicals and allied prod.—1923-25=100Foodstuffs
1923-25=100..
Metals
1923-25=100..
Textile materials
1923-25=100..
World stocks—foodstuffs and raw materials:
Total.
1923-25=100Cofifee—adj. for seasonal
1923-25=100..
Cotton—adi. for seasonal
1923-25=100..
Rubber—adj. for seasonal
1923-25=100..
Silk—adj. for seasonal
1923-25=100.
Sugar—adj. for seasonal
1923-25=100.
Tea—adj. for seasonal
1923-25=100.
Tin—unadjusted
1923-25=100.
Wheat—adj. for seasonal
1923-25=100..

110
» 124
100
"82
167
74
87
153
82
216

245

183

132
104
120
91
83
205
128
72
174
75
153
88
162
128
193
274
M62
264
311
214
327
128
236
204

M32
268
323
206
314
130
226
189

« 97
123
«69
103
«85
81
206
88
80
"164

COMMODITY PRICES
COST OF LIVING (N.I.C.B.)
75.2
76.8
76.6
Total, all groups
1923=100.
77.0
72.1
71.5
75.6
76.1
72.1
75.1
71.8
73.7
Clothing
1923=100.
62.6
61.8
61.2
60.7
60.7
64.3
64.2
64.4
64.0
63.5
63.9
64.8
Food...
1923=100.
64.9
62.2
61.9
61.9
64.1
69.0
68.7
68.7
68.0
67.6
71.7
69.1
Fuel and light
1923=100.
86.0
85.9
85.8
84.6
82.8
85.3
85.5
86.0
86.3
86.5
86.3
82.6
Housing
1923=100.
67.5
66.4
65.4
64.6
64.0
63.5
71.7
71.2
70.5
69.6
68.7
63.2
Sundries
1923=100.
90.7
89.4
89.4
89.3
89.4
92.8
92.8
92.6
91.4
91.5
91.3
90.3
FARM PRICES (Dept. of AgrL)§
59
57
59
56
54
52
Total, all groups
1909-14=100.
76
49
50
53
62
51
Cotton and cottonseed
1909-14=100.
44
41
51
57
51
47
43
84
45
48
49
65
65
68
62
63
68
Dairy products *
_
1909-14=100.
59
67
69
71
59
63
68
Fruits and vegetables
1909-14=100.
83
79
59
57
103
59
57
68
59
60
66
68
Grains
1909-14=100.
34
36
94
42
43
41
36
34
33
34
47
62
72
66
69
67
Meat animals
1909-14=100.
60
57
52
51
53
56
57
65
Poultry products *
1909-14=100.
54
67
65
75
84
102
115
121
62
96
67
56
40
42
44
Unclassified
1909-14=100.
51
38
43
44
43
44
45
46
47
h
« Revised.
Estimated.
* New series. See p. 18 of the March 1933 issue (marketings) and p. 20 of May 1933 issue (prices).
§Data for August 15: Total, 72, cotton and cottonseed 71, dairy products 72: fruits and vegetables 120, grain 81, meat animals 63, poultry products 67, unclassified




72.8
61.6
66.2
82.2
63.4
89.3

65
74
63
66
55
48
54.

24

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

September 1933
1933

1933

1933

Decem- January FebruOctober NovemAugust Septemary
ber
ber
ber

July

July

March

April

June

May

COMMODITY PRICES—Continued
RETAIL PRICES
Department of Labor indexes:
Coal
1913=100..
Food
...1913=100 .
Fairchild index:
Combined index*
Dec. 1930=100
Apparel:

Infants' wear*

Dec. 1930=100

Men's*
_
. .
Dec. 1930=100Women's*
Dec. 1930=100—
Home furnishings*
Dec. 1930=100 .
Piece goods*
Dec. 1930=100WHOLESALE PRICES
Department of Labor index:
Combined index (784)
1926=100
Economic classes:
Finished products
1926=100..
Raw materials
.—1926=100
Semimanufactures
1926=100Farm products
1926=100.
Grains
1926=100Livestock and p o u l t r y . .
1926= 100—
Foods
1926=100..
Dairy products
1926=100—
Fruits and vegetables
. . . 1926=100..
Meats
1926=100
Other products
...1926=100
Building materials
1926=100..
Brick and tile
1926=100
Cement
1926= 100—
Lumber
1926=100
Chemicals and drugs
1926=100.
Chemicals
1926=100
Drugs and Pharmaceuticals. 1926=100..
Fertilizer materials
1926=100—
Fuel and lighting
1926=100
Electricity
..1926=100Gas
1926=100..
Petroleum products
1926=100..
Hides and leather
1926= 100—
Boots and shoes
, 1926=100
Hides and skins
1926—100
Leather
.. 1926=100
House furnishing goods
1926=100Furniture
1926=100
Furnishings
1926=100..
Metals and metal products
1926=100..
Iron and steel
_._1926=100.
Metals, nonferrous
1926=100
Plumbing a n d
heating
equipment
1926=100..
Textile products
„ 1926=100
Clothing—
1926=100-.
Cotton
1926=100
Knit goods
1926=100..
Silk and rayon
1926=100
Woolens and worsted
1926=100Miscellaneous
1926—100
Auto tires and tubes
1926=100..
Paper and pulp
1926=100Other wholesale price indexes:
Bradstreet's (96)
. 1920=100.
D u n ' s (300)
1926 = 100
World prices, foodstuffs and raw materials:
Combined index*
1923-25=100
Coffee*
.1923-25 = 100..
Copper* . . .
.
.
1923-25=100—
Cotton*
1923-25=100
Rubber*
1923-25= 100..
Silk*. _ .
1923-25=100.
Sugar*
1923-25 = 100
Tea*
1923-25 = 100
Tin*
.
.
—1923-25 = 100.
Wheat*
1923-25 = 100
Wholesale prices, actual. (See under respective commodities.)

!

i
i

155
105

166
101

168
101

171
100

172
100

172
99

173
99

172
95

171
91

170
91

164
90

155
94 !

152
97

76 1

74.0

73.6

73.6

73.3

72.6

71.8

71.1

69.9

69.7

69.4

70.4

72.3

80 7
75.1
78.2
77.8
74.8

78.4
75.8
75.0
75.2
69.8

78.5
74.7
74.9
74.8
70.7

77.9
74.6
75.4
74.9
71.1

77.2
74.5
75.4
74.2
70.9

76.9
73.9
74.3
74.0
70.3

77.1
73.0
74.1
73.0
69.6

77.2
72,4
72.7
72.5
67.7

76.7
71.6
71.9
71.5
66.1

76.4
71.2
71.7
70.9
65.8

76.4
70.7
71.8
70.2
65.1

71.0
72.3
71.1
67.2

78. 7
71.8
73.7
72.8
69.6

68.9

64.5

65.2

65.3

64.4

63.9

62.6

61.0

59.8

60.2

60.4

62.7

65.0

72.2
61 8
69.1
60 1
73 4
47.4
65 5
66.1
75 6
50 8
72 2
79.5
78 2
88 °
75 9
73 2
80 3
56.8
68 6
65 3

70.5
54.7
55.5
47.9
36.7
54.1
60.9
58. 2
59.7
62.0
69.7
69.7
75.9
77.3
56.9
73.0
78.9
57.6
66.8
72.3
105. 8
108. 3
49. 7
68.6
84.4
33.5
60.0
74.0
73.0
75.1
79.2
77.2
47.0

70.7
55.7
57.9
49.1
38.2
52.8
61.8
60.2
55.6
61.9
70.1
69.6
75.2
79.0
55.5
73.3
79.7
57.0
66.4
72.1
104.4
107.0
48.9
69.7
84.4
39.3
60.0
73.6
72.6
74.8
80.1
78.7
48.5

70.4
56.2
60.7
49.1
37.4
51.2
61.8
60.6
52.5
60.9
70.4
70.5
75.4
79.0
56.3
72.9
79.8
56.6
63.6
70.8
103.4
107.6
46.7
72.2
84.4
48.2
63.2
73.7
72.7
74.7
80. 1
79.7
51.6

69.6
54.6
60.7
46.9
34.4
45.0
60.5
60.5
52.2
56.4
70.2
70.7
75.3
79.0
56.6
72.7
79.8
55.9
63.4
71.1
104.6
104.4
47.4
72.8
84.6
49.6
64.1
73.7
72.8
74.7
80.3
80.4
50.7

69.3
54.2
58.9
46.7
33.2
41.9
60.6
62.3
52.4
53.7
69.8
70.7
75.4
79.0
56.6
72.4
79.7
55.0
63.5
71.4
103.1
100.0
48.2
71.4
84.2
46.1
61.9
73.7
72.7
74.7
79.6
79.4
49.1

68.4
52.1
57.7
44.1
31.7
38.7
58.3
59.5
52.8
49.4
69.0
70.8
75.1
81.1
56.5
72.3
79.7
54.7
63.1
69.3
104.1
96.5
45.0
69.6
83.8
41.7
59.2
73.6
72.7
74.7
79.4
78.8
48.3

66.7
50.2
56.9
42.6
32.9
37.8
55.8
55.2
53.0
49.5
67.3
70.1
74.9
81.2
55.9
71.6
79.3
54.9
62.3
66.0
103.2
96.7
38.7
68.9
83.3
43.0
57.1
72.9
72.3
73.5
78.2
78.5
46.4

65.7
48.4
56.3
40.9
32.7
40.1
53.7
52.4
52.4
50.2
66.0
69. S
75.1
81.8
56.4
71.3
79.0
54.8
61.5
63.6
102.9
96.6
34.3
68.0
83. 3
40.9
55. 3
72.3
71.9
72.9
77.4
77.3
46.2

65.7
49.4
56.9
42.8
36.0
43.0
54.6
50.9
54.3
50.5
65.8
70.3
74.9
81.8
57.8
71.2
79.3
54.8
61.9
62.9
100.5
96.6
33.1
68.1
83.2
41.4
55.6
72.2
71.8
72.9
77.2
76.4
47.9

65.7
50.0
57.3
44.5
44.8
41.0
56.1
53.1
57.8
50.3
65.3
70.2
75.0
81.8
57.9
71.4
79.5
54.6
62.9
61.5
98.3
97.5
32.5
69.4
83.2
45.8
57.2
71.5
71.5
71.7
76.9
75.7
49.2

67.2
53.7
61.3
50.2
52.8
46.8
59. 4
58.8
58.8
52.3
66.5
71.4
75. 2
81.8
59.6
73.2
80.9
55.0
66.8
60. 4
94.6
103. 3
31.2
76.9
83.6
67.3
68.3
71.7
71.6
72.0

69.0
56.2
65.3
53. 2
57.4
40. 6
61.2
63.1
63. 9
52.4
68.9
74.7
77.0
81.8
67. 4
73.7
81.5
55.5
68.0
61.5
91. 7
101. 4
34.4
82.4
85.5
81.4
74.3
73.4
73.4
73.6
79.3
76.2
63.2

67.1
51.5
60.9
50.0
47.8
26.2
53. 6
64.3
40.1
76.2

67.1
52.7
660
52.6
48.5
29.5
53.4
64.6
40.1
76.3

66.8
55.6
67.3
57.9
50.4
32.6
56.7
64.7
42.7
75.5

67.5
55.0
62.5
56.2
50.9
30.8
56.5
64.1
44.6
73.4

67.5
53.9
62.2
53.6
51.0
29.5
55.3
63.7
44.6
73.4

67.5
53.0
62.5
51.7
49.3
29.3
54.2
63.4
44.6
73.0

62.8
51.9
61.9
50.1
48.4
27.0
53.4
61.2
44.6
72.0

59.4
51.2
61.2
49.1
48.3
25.6
53.2
59.2
42.6
72.1

59.4
51.3
61.3
50.0
47.1
25.5
53.2
58.9
41.3
72.2

59.4
51.8
61.4
50.7
47.2
26.3
53.3
57.8
37.4
70.6

61.3
55.9
61.9
57.9
48.0
29.1
61.5
58. 9
37.fi
70.7

67.4
61.5
f»4.5
67. 1
50.9

52.6
68. 3

55.5
71. 1

56.3
72.4

53.9
71.4

53.3
71.0

52.6
69.0

50.6
68.1

49.2
67.7

50.6
68.0

54.1
70.8

62. 1
74.2

o4. 5
79.1

26.6
51.4
36.5
21.3
6.8
17.2
25. 9
27.3
41.6
34.3

30.5
59.8
37.7
27.2
8.5
23.0
28.4
30.5
45.7
36.2

32.6
73.2
43.2
28.3
9.0
25.2
28.4
33.3
49.3
37.5

30. 1
62.8
41.4
24.3
8.5
23.4
28.2
36.3
47.6
35.0

27.8
52.4
37.1
22.8
8.1
21.8
26.4
33.6
46.4
33. 1

25.7
51.9
34.8
21.7
7.7
21.7
20.9
28.0
45.1
31.2

25.1
48.4
34.6
22.8
7.2
18.2
18.0
29.2
45.2
32.0

24.9
47.0
34.6
22. 4
6.9
16.8
18.5
40.0
46.7
30.0

27.0
47.0
36.2
25.7
7.0
16.5
23.9
39.8
48.4
30.1

28.6
44.5
39.0
25.4
8.3
18.5
27.9
38.1
54.0
32.9

34.2
46.5
48.4
31.6
11.6
22.2
32.7
39. 6
71.4
38.8

37.6
45.5
56 2
35.3
14.4
30.1
34.7
42.3
87. 9
39.9

41.3
80 3
88 3
88 7
78 0
74.8
74 6
75.1
80.6
67 6
69 4
68 0
70 6
g0 2
55 °
37 9
72.3
f54 o
41.4
78. I
C9 7
32 8
45.5
62.5
39 7
18.4
31.8
52 1
92. 3
50 3

a

75. 2
56 6

68.8

m. 8

40. 1
73.5

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION CONTRACTS
AWARDED
Contracts awarded, F . R . B . :
Total, u n a d j u s t e d . .
.1923-25=100..
Residential1923-25=100..
Total, adjusted
1923-25=100..
Residential
1923-25=100F . W. Dodge Corporation (37 States):
Total, all types: #
Projects
number..
Valuation...
_
thous. of dolls..
Nonresidential buildings;§
Projects.
number..
Floor space
thous. of sq. f t . .
Valuation
thous. of dolls „

21
14
18
13

32
11
30
12

30
12
30
12

28
12
29
12

24
10
27
10

22
*8
28
9

18
7
22
8

16
7
19
8

14
8
14

8,229
82,693

7,008
128, 769

7, 185
133, 988

7,152
127, 527

6,483
107,274

5,266
105, 302

4, 205
81, 219

3,800
83, 356

3, 884
52, 712

6,303
59,959

7,254
56,573

9, 409
77, 172

9,186
102, 980

2,802
6,978
40,122

2,064
8,678
48,982

2, 180
8, 114
49, 071

1,921
6,721
35,997

1,792
4,912
26,917

1,582
6,036
31,845

1, 363
3, 331
24, 945

1,466
4,460
28, 732

1, 532
4, 085
23, 670

2,254
5,000
26,359

2,535
4,972
23,807

3, 152
6, 525
31, 639

3,082
7,137
50. 774

19
13
16
11

8

* New series. For earlier data see p. 19 of the December 1932 issue (Fairchild index) and p. 20 of September 1932 issue (world prices).
# Data on floor space dropped. See p. 20 for explanation.
§ Data for this series have been revised for years 1930-31-32 and may be found on p. 20 of this issue.




1

31
12
27
11

Revised.

1
1
1

25

SURVEY OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

July

1933

1932

1933
July

August

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

April

May

June

CONSTRUCTION AND REAL, ESTATE—Continued
CONSTRUCTION CONTRACTS
AWARDED—Continued
F. W. Dodge Corporation (37 States)—Con.
Public utilities:#
Projects
number..
Valuation
thous. of dolls..
Public works:#
Projects
number..
Valuation
thous. of dolls..
Residential buildings:
Projects
„
.number..
Floor space
thous. of sq, ft..
Valuation
thous. of dolls..
Engineering construction:^'
Total contracts awarded (E.N.R.)
thous. of dolls..

157
4, 523

128
8,264

116
4,116

107
6, 451

7,974

93
4,726

150
2,499

114
2,390

176
5, 640

164
5, 046

1, 512
56, 729

1,588
64, 203

1, 250
50, 237

50, 096

832
36, 866

451
34, 699

373
12, 510

701
15, 079

571
11, 233

782
13,372

933
19, 392

3,068
5,456
19,741

3,320
5, 545
20,767

3,486
6, 550
22,804

3,313
5,984
21,856

2,602
5,490
19, 245

1,903
3,437
12,958

1,794
3,160
11,951

1,886
3,149
11,805

3,198
4; 773
16, 021

4,034
5, 814
19,144

5, 299
8, 352
26, 520

5, 007
8,309
27, 708

120,458

81, 634

114, 487

100,812

100,443

103, 360

95, 392

60, 513

57, 934

49, 393

78,198

104, 200

6,712
5,667

8,002
7, 592

5,649
4,638

5,387
5,129

1,440
1,280

1,696
1,478

570
379

1,902
1,633

1,861
1,547

56,058
17, 378
3 B 570
2,498
1, 072

51,976
15, 619
3,228
2,249
978

45,085
13,314
2. 682
1,911
770

40,180
11, 903
2, 489
1,881
609

33,050
9, 816
2,218
1, 660
558

25, 738
7, 498
1,959
1,408
551

13,127
3, 938
1,151
783
368

8,371
2, 642
762

8,996
3, 067
759
523
237

250, 724 250, 978
98, 257
101, 098
13,349
12, 978
9,353
9, 152
3, 996
3,826
103,874 104, 5-32

252, 372
95, 884
13, 301
9, 347
3, 953
105, 055

260,185 265, 678 269,489
97, 337
98, 311
97,551
13, 561
13,855
14, 209
9, 550
9, 628
9,709
4,011
4, 228
4,500
105,412 105, 645 105, 835

260, 736
92, 669
13,657
9, 258
4, 400
106,551

242, !07
80,141.
12,384
8, 397
3, 986
107,869

16,317

15,190

140
158
161 4

141
161
163. 4

160
4,132

150
5,484

173
7,422

910
14, 809

1,726
54, 562

4,357
7,383
23,630
50, 368

HIGHWAY CONSTRUCTION
Concrete pavement contract awards:
1,428
7, 236
12, 275
12, 653
Total
thous. of sq. yd..
6,230
Roads only
thous. of sq. yd_.
879
11,137
10,690
Federal-aid highways:
Approved for construction:
9, 208 49, 676 56,154
58,319
Estimated total cost
thous. of dolls..
3, 539 22, 516
18, 394
Federal-aid allotment
thous. of dolls..
19, 285
944
3,538
3, 6c) 1
Mileage, total
number...
3,821
1, 647
2, 339
Initial
number..
533
2,025
1,891
1, 353
Stage (added improvement)
number..
411
1,795
Under construction:
240, 857 242, 175 260,943
Estimated total cost
thous. of dolls..
Federal-aid allotment
thous. of dolls.. "l% 844 112. 630 112,68*? 115,528
1J, 237 11,518
Mileage, total...
-..number.-. 11,243
13, 268
7, 620
8,304
Initial
number..
9,116
8, 260
3,017
2, 934
Stage (added improvement)...number..
4,152
3,258
Mileage completed to date
number.. 109, 125 101,191 101,505 101,124
Balance of Federal-aid funds for new construction
thous. of dolls.. 12, 874 56,836 51,425 42,075

255,315
107,152
13. 224
8, 966
4, 258
102, 361
33,593

25,583

20, 294

18,075

15, 746

14, 550

15, 622

CONSTRUCTION COSTS
Building costs—all types (American Appraisal
Co.)*
1913 = 100..
Building costs—all types (A.G.0^1913 = 100.
Building costs—all types (E.N.R.)§. 1913 = 100..
Building costs—electric light and power con
struction (Rkhey)*
1913 = 100..
Building co4,s—factory (Aberthaw). 1914= 100..
Building material costs: %
Brick house, 6-room
1913 = 100..
Frame house, 6-room
1913 = 100..

162
165.5

150
163
153.4

149
162
156.8

149
163
158.0

147
163
159.2

146
163
158.2

145
163
158.5

142
163
158.4

141
163
159.3

140
163
158.4

149

150

153
166

153

152

152
166

152

150

151
165

153

154
148

155
148

155
149

153
148

154
148

153
149

152
147

151
146

153
147

150
143

32,982

31, 426

30,972

30, 734

31,168

9,191

35,548

6,661

35, 321

47.2

54.2

53.4

60.4

50.1

52.9

50.4

57.2

41.7

140
158 I
160. 2 I

168
150
145

MISCELLANEOUS DATA
Construction—employment and wages:
Employment, Ohio. (See Employment.)
Wages, road building. (See Employment.)
Fire losses, United States
thous. of dolls.. '20,000
Ship construction. (See Trans. Equipment.)
Real estate:
Market activity
each month 1928=100..
N e w financing. (See Finance.)

27, S

24,339

21,579

41.1

DOMESTIC TRADE
ADVERTISING
Radio broadcasting:
Cost of facilities, total
thous. of dolls.
3,036
2,493
2,417
2,803
3,060
3,006
2,286
2,620
1,809
3,014
2,466
2,287
2, 065
Automotive
thous. of dolls.
118
176
171
215
58
57
121
137
127
78
126
115
121
Building materials
thous. of dolls.
0
0
0
0
0
0
0
0
0
0
0
0
0
Clothing and dry goods
thous. of dolls.
17
21
19
29
2
0
23
39
9
52
47
22
53
134
38
54
139
145
Confectionery
thous. of dolls.
170
186
67
100
103
120
38
33
Drugs and toilet goods
thous. of dolls.
650
699
556
628
470
571
522
474
638
719
598
550
519
99
85
92
88
84
90
Financial
thous. of dolls.
88
79
76
86
82
86
93
Foods
thous. of dolls.
898
750
722
909
896
542
808
684
780
860
767
607
713
0
32
16
0
5
13
50
House furnishings
thous. of dolls.
3
23
77
43
44
16
Machinery
thous. of dolls.
84
49
12
35
69
0
32
33
23
0
7
0
0
8
8
12
18
14
8
2
10
Paints and hardware
thous. of dolls.
9
13
6
11
12
319
211
247
182
182
292
308
198
220
294
Petroleum products
thous. of dolls.
281
304
236
27
54
36
0
16
19
0
0
0
Radios
thous. of dolls.
57
36
44
44
12
9
12
15
12
17
15
Shoes and leather goods
thous. of dolls.
0
0
0
0
0
0
Soaps and housekeepers' supplies
79
74
79
92
78
116
81
80
94
thous. of dolls.
59
82
77
71
0
0
22
0
Sporting goods
thous. of dolls.
9
0
17
0
0
0
0
0
0
Stationery and publishers-thous. of dolls.
51
33
36
52
44
4
22
20
68
33
18
17
8
358
354
Tobacco manufactures
thous. of dolls.
395
361
334
162
378
385
366
364
239
207
241
Miscellaneous
thous. of dolls.
75
485
34
147
9
37
24
320
53
30
32
23
42
Magazine advertising:
Cost, total
.
thous. of dolls.
7,827
5,569
6,836
8,293
6,345
8,195
6,807
8,236
9,053
8,670
9,285
9, 106
7, 635
Automotive
thous. of dolls.
834
962
779
535
375
421
512
567
689
789
668
677
1,164
Building materials
thous. of dolls.
146
111
128
133
202
195
97
127
129
150
172
192
107
222
Clothing and dry goods
thous. of dolls.
162
224
241
106
150
185
198
90
244
141
2f>8
203
Confectionery
.thous. of dolls.
149
163
274
128
108
55
180
276
98
144
170
106
208
Drugs and toilet goods
thous. of dolls.
2, 029
1,600
1,257
2,181
2, 453
2, 324
2,305
1,896
1,731
1,761
1,805
1,400
1,914
Financial
thous. of dolls.
229
212
149
200
184
176
146
196
198
191
204
177
197
1 Data for June, September, December 1932, March and June 1933 are for 5 weeks, other months 4 weeks.
* New series. For earlier data see p. 19 of January 1933 issue (building costs, Richey), and p. 20 of August 1933 issue (building costs, American Appraisal Co.),
§ Index for August 1, 167.0.
t Compilation of basic data discontinued by department for reason of economy,
# These series represent a breakdown of the combined total previously shown. See p. 20 for earlier data.
v Preliminary.

7574—33
4



26

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

September 1933

1933
July

1933

Decem- January FebruAugust SeptemOctober November
ary
ber
ber

March

April

May

June

DOMESTIC TRADE—Continued
I

ADVERTISING—Continued
Magazine advertising—Continued
Foods...
thous. of dolls,
Garden
thous. of dolls,
House furnishings
thous. of dolls.
Jewelry and silverware
thous. of dolls,
Machinery
thous. of dolls,
Office equipment
thous. of dolls,
Paints and hardware
thous. of dolls,
Petroleum products
thous. of dolls,
Kadios
thous. of dolls,
Schools
___thous. of dolls,
Shoes and leather goods
thous. of dolls.
Soaps and housekeepers' supplies
thous. of dolls.
Sporting goods
thous. of dolls,
Stationery and books
thous. of dolls,
Tobacco manufactures
tbous. of dolls,
Travel and amusement
thous. of dolls,
Miscellaneous
thous. of dolls,
Linage, total
thous. of lines.
Newspaper advertising:
Linage, total (22 cities)
thous. of lines.
Linage, total (52 cities)
thous. of lines,
Classified
thous. of lines,
Display
thous. of lines.
Automotive
thous. of lines,
Financial
thous. of lines,
General
thous. of lines,
Retail
..thous. of lines.

1,343
10
200
47
23
25
38
230
58
121
85

1,465
32
424
70
17
49
53
375
114
202
59

518
142
100
326
233
147
1,315
49, 304
78,319
16,064
02, 255
6J 139
2, 390

1,403
16
223
47
28
25
3
375
99
219
21

1,284
10
320
41
18
40
34
305
131
191
71

1,760
19
532
116
20
66
38
291
165
142
151

1,953
24
561
146
31
80
55
299
205
120
164

1, 816
19
367
202
29
71
23
284
210
113
67

1,209
42
225
77
17
32
9
157
146
132
45

1,817
75
367
28
27
38
25
175
83
144
13

1,943
74
396
28
34
37
76
180
63
116

2,075
64
522
50
33
34
99
216
61
116
159

643
73
24
23
97
320
39
129
201

578
189
122
418
228
297
* 1, 323

451
125
66
320
133
212
928

533
70
104
393
139
262
987

639
51
237
446
164
298
1,246

464
65
267
472
213
303
1,364

358
146
326
352
259
264
1,252

277
104
160
332
223
181
1,266

632
41
170
347
195
190
1,584

643
49
118
392
278
203
1,791

702
79
135
392
311
188
1,910

750
130
321
457
388
197
1,922

39,448

50, 42G
80,871
17,207
63, 665
5,574
2,226
13,653
42, 212

49, 577
78,839
17, 563
61, 275
4,754
1,621
13,034
41, 866

62, 324
93, 003
18, 359
74, 644
3,684
1,645
15,606
53, 708

70, 753
103,323
19,171
84,153
3,052
1,975
18, 891
60, 235

63,855
94,967
16,423
78, 545
3, 740
1,737
16, 823
56, 245

60, 735
91,509
15, 689
75, 820
3,913
1,651
8,908
61,348

52,077
77,957
15, 282
62, 675
4,866
2,281
14,197
41, 331

47,186
72, 539
14, 083
58,456
3,04S
1, 637
15,188
38, 584

49, 884
76, 364
14, 810
61, 554
2, 503
1,951
13, 869
43,230

60,118
91, 053
17,000
74,053
4,685
1, 511
15, 289
52, 569

62, 184
94, 049
17,019
77, 030
7, 021
1, 528
16, 133
52, 947

01,258
93,168
10,345
70, 823
7,991
1,722
16.448
50, 003

21. 754
340

56, 083
838

60, 096
902

49, 868
738

48,104

47, 646
641

41, 515
686

40, 829
633

39, 575
542

31,165
520

35, 530
625

34, 00)8
651

31,411
474

1-4*

272

1,515
23
454
72
14
35
79
208
47
128
154
668
178
111
383
345
168
1, 746

COLLECTIONS
Delinquent accounts, electrical trade:
Amount
dollarsFirms..number .
FINANCIAL INDICATORS
Bank debits. (See Finance.)
Business failures. (See Finance.)
Commercial loans. (See Finance.)
Money in circulation. (See Finance.)
GOODS IN WAREHOUSES
Space occupied, public merchandising warehouses.
_
percent of total.

62.6

62.7

62.0

61.7

62.1

61.7

60.7

CO.;

i0.2

60.4

2,534

2,909

2, 661

2, 592

2,458

2, 681

3, 307

2,839

2,674

2, 665

3, 373

2, 033

545, 060

568,887

555, 661

567, 006

533,047

542, 326

524, 721

493, 416

586,822

568, 740

612,653

043, 149

61.9

NEW INCORPORATIONS
Business incorporations (4 States)

number.

2, 402

POSTAL BUSINESS
Air mail, weight dispatched
Money orders:
Domestic, issued (50 cities):
Number
Value
Domestic, paid (50 cities)*
Number..
Value
Foreign, issued—value
Receipts, postal:
50 selected cities
50 industrial cities._.

poundsthousandsthous. of dolls-

3,001
30, 957

3, 066
30, 454

3, 061
30, 286

2,971
29,378

3,219
31,056

3,152
30, 201

3,574
32, 745

3,207
30, 038

3,098
31, 864

3,936
59, 711

3,261
35, 866

3.417
35, 399

thousands..
thous. of dolls..
thous. of dolls—

8, 863
81, 759

8,187
70,157
2,934

8,306
72, 506
2,692

8,441
74, 483
2,962

9,430
79, 092
2,538

9, 221
75, 369
2,799

10,151
78, 670
6,340

8, 567
67,210
2,400

7,906
65, 370
2, 423

10, 445
136,196
2,630

9, 622
94,163
2,832

9. 737
88, 465
201

23, 789
2,959

23,851
2,900

25, 770
2,835

26, 711
3,030

26,109
2,840

33. 097
3,789

24, 674
2, 955

22, 559
2, 659

24, 422
2,646

23, 810
2,678

21, 393
703

24, 988
701

79

80

76

75

78

78

82

73

75

70

63

74

72

75

80

76

73

74

74

70

79

226
117

100
135

103
138

110
121

129
140

120
130

125
137

2,250
76

862
76

936
74

1,058
74

1,338
74

18, 051
723

7,706
718

8,054
718

8,492
717

10, 228
720

9, 941
716

10, 305
718

9,327
230

3,913
232

3,896
232

4,087
231

4, 766
231

4, 978
231

4 830

5,830
242

2,537
243

2,339
243

2,383
240

2,721
226

2, 361
237

2 551

2, 855
176

1,130
176

1,223
177 I

1,314
178

1,629
178

1, 001
178

1 808

997
38

347
38

364 I
35 I

417
34

551
33

thous. of dolls..
thous. of dolls—

'.\ 210
33, 129

RETAIL TRADE
Chain-store sales:
Combined index (20 companies)*
83
83
av. same mo. 1929-31 = 100..
80
79
Apparel (4 companies) *
72
74
76
av. same mo. 1929-31 = 100..
71
Grocery (6 companies)*
83
82
78
av. same mo. 1929-31 = 100.
81
Five-and-ten (variety) stores:
142
118
118
123
130
Total, 8 chains, unadjusted—1923-25= 100—
123
135
127
133
129
Total, 8 chains, adjusted
1923-25= 100—
135
142
F. and W. Grand:
1,143
1,137
1,171
1, 306
Sales
thous. of dolls..
1,276
76
75
Stores operated
.number. _
72
76
S. S. Kresge Co.:
9,042
Sales
thous. of dolls—
8,805
9,841
9,430
10, 506
9,407
Stores operated
number._
719
722
722
723
719
718
S. H. Kress & Co.:
4,492
4,862
4, 914
4,854
Sales
thous. of dolls..
5,151
4, 929
Stores operated
number. _
22^
227
229
227
229
231
McCrory Stores Corp.:
2,62'
Sales
thous. of dolls..
2, 681
3,129
2,825
3,475
2, 546
Stores operated..
number..
241
241
241
241
242
227
G. C. Murphy Co.:
Sales
thous. of dolls..
1,394
1,361
1,419
1, 563
1,804
1,620
Stores operated
number..
173
173
174
175
179
175
Isaac Silver & Bros.:
Sales
thous. of dolls.
533
534
601
596
541
40
Stores operated
number.
40
40
39
* New series. For footnote, see p. 19 of the December 1932 issue.




» Revised.

1

f

>4Q

74

"32 I

231
230
179
511
32

27

SURVEY OF CURRENT BUSINESS

September 1933

1932

1933

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

July

July

1933

SeptemNovem- DecemFebruAugust
October ber
ber
ary
ber January

March | April

May

June

DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Chain-store sales—Continued
Five-and-ten (variety) stores—Continued
F. W. Woolworth Co.:
Sales
thous. of dolls.
Stores operated
number.
Grocery chains:
A. & P. Tea Co.:
Sales, value total
thous. of dolls.
Weekly average
thous. of dolls.
Sales, tonnage, total
tons.
Weekly average
tons.
Restaurant chains:
Total sales, 3 chains:
Sales
thous. of dolls.
Stores operated
number.
Childs Co.:
Sales
thous. of dolls.
Stores operated
number.
J. R. Thompson Co.:
Sales
thous. of dolls.
Stores operated
number.
Waldorf System (Inc.):
Sales
thous. of dolls.
Stores operated.
number.
Other chains:
W. T. Grant & Co.:
Sales
thous. of dolls.
Stores operated
number.
J. C. Penney Co.:
Sales
.thous. of dolls.
Stores operated
number.
Department-store sales and stocks:
Sales, total value, adjusted
1923-25=100.
Sales, total value, unadjusted—1923-25=100.
Atlanta
1923-25 = 100.
Boston
1923-25 = 100.
Chicago
1923-25=100.
Cleveland
1923-25=100.
Dallas
_
.1923-25 = 100.
Kansas City...
1923-25 =100.
Minneapolis
1923-25=100.
New York
__ 1923-25=100.
Philadelphia*
1923-25=100.
Richmond—
1923-25 = 100.
St. Louis
1923-25 = 100.
San Francisco
1923-25=100.
Installment sales, New England dept. stores,
ratio to total sales
percent.
Stocks, value, end of month:
Unadjusted
1923-25 = 100.
Adjusted
1923-25=100.
Mail-order and store sales:
Total sales, 2 companies
thous. of dolls.
Montgomery Ward & Co._thous. of dolls.
Sears, Roebuck & Co
thous. of dolls.

18, 244
1,920

19, 463
1 925

22, 473
1,930

20, 216
1,932

20,159
1,929

19,801
1,931

19, 344
1,935

63, 445 64, 239 79, 317 63, 625 66,530 62,849 79, 616 57, 235 61,102 74,981 61,056 61, 525
15,801 16, 060 15, 863 15, 906 16, 633 15, 712 15, 923 14, 309 15, 276 14, 996 • 15,264 15,381
382,751 397, 468 490, 487 391,804 415, 659 395, 275 498, 470 371,394 406,156 495,192 405, 660 397, 498
95, G88 99, 367 98,097 97,951 103,915 98, 819 99, 694 92,849 101, 539 99,038 101,415 99, 375

79, 503
15, 901
507, 361
101,472

19,583
1, 937

18,146
1,919

33,099
1,932

15, 845
1,927

16, 245
1,927

17,511
1,929

3, 045
373

3,269
384

3,314
382

3,403
382

3,406
383

3, 386
382

3,641
382

3,425
381

3,081
381

3,290
382

3,201
381

3,173
379

3,012
376

1,142
103

1,203
107

1,268
107

1,311
107

1,350
106

1,445
105

1,554
105

1,431
105

1,278
105

1,311
105

1,320
105

1, 227
104

1,147
103

911
114

1,002
117

1,001
115

976
116

950
117

887
117

918
117

884
117

784
117

875
116

826
116

865
116

863
115

992
156

1,064
160

1,045
160

1,116
159

1,106
160

1, 054
160

1,169
160

1,110
159

1,019
159

1,104
161

1,055
160

1,081
159

1, 002
158

5, 7S4
454

5, 090
429

5,055
434

5,658
438

6,962
442

6,334
444

11,368
445

4,270
446

4,491
449

5,137
451

6,277
451

6, 553
451

6,512
452

13, 564 «11,452
1,478
1,468

10, 752
1,472

13, 053
1,474

16, 752
1,477

15, 042
1,477

18, 942
1,476

8,688
1,473

8.460
1,474

10, 234
1,478

14, 592
1,478

14,433
1, 478

14,617
1,478

65
46
44
46
45
40
38
42
40
50
39
51
39
59

65
49
53
48
50
44
47
50
50
56
42
55
47
75

68
71
65
75
69
55
72
73
72
80
53
77
71
73

69
75
75
80
71
61
77
71
62
95
74
94
68
79

63
73
63
76
65
57
68
64
56
91
66
86
67
68

60
106
96
115
100
90
99
96
85
134
101
137
92
121

60
49
43
50
49
41
42
44
40
56
44
54
43
54

60
49
48
43
46
41
45
45
37
54
40
51
42
52

57
50
49
51
50
42
53
53
56
65
49
61
47
59

67
68
59
64
63
64
62
62
66
78
60
78
60
68

67
67
66
09
68
61
65
63
60
76
59
81
60
73

68
64
54
« 65
«66
« 58
«54
a
57
«55
77
58
74
° 57

71
49
46
47
44
45
45
45
40
49
39
51
42
67

a

5.2

9.6

9.3

9.9

7.3

4.1

6.2

7.1

6.3

5.3

6.9

56
60

59
64

59
61

63
60

67
61

69
61

56
60

52
58

54
a
57

55
« 54

55
53

56
55

56
57

33,566
13,615
19,951

32, 073
11,804
20, 269

33, 777
12,988
20, 789

39,156
14,638
24,518

45,423
19,805
25, 618

41, 2S1
16, 552
24, 729

51, 556
21, 055
30, 501

26, 958
10,100
16,858

26,176

27, 554
11,211
16, 343

35, 365
15,574
19, 791

37, 778
15,103
22, 675

38, 986
16, 165
22,821

60. 0
43.7
38.4
35. 3
63. 2
78. 9
80.8
70.8
80.2
53.2
76.4
77.8
70. 9
35. 3
44. 5
47.9
79. 4
60. 2
66. 6
40.8
73.0
75.7
66. 1
64.2
43.7
47.8
39. 7
53. 4
60.6
42. 6
37. 6
34.2
62. 3
80. 3
82.1
76.9

64.1
48.4
44. 1
39.1
69. 4
79.4
85. 0
78.1
81.9
58.1
79.6
80. 1
77.9
39.9
48.0
53.5
80.9
68.1
76.4
43.2
79.9
85.8
64.9
« 66. 4
44.6
51. 6
38.4
53. 8
64.8
46.8
42.1
37.5
67.7
82.3
86.7
77.4

10,114
16,062

EMPLOYMENT CONDITIONS AND WAGES
EMPLOYMENT

I

57.2
62.0
61.5
58.6
68.9
Factory, unadjusted (F.R.B.).. 1923-25 = 100..
44.9
43.4
43.4
42.1
Cement, clay, and glass..
1923-25=100..
51.8
44.3
43.3
41.9
39.2
47.6
Cement
...1923-25=100..
39.4
38.5
38.7
38.0
43.7
Clay products
1923-25 = 100..
56.0
53.4
51.8
70.3
53.6
Glass
1923-25=100
75.1
74.0
72.2
84.0
72.3
Chemicals and products
1923-25=100..
79.4
76.9
75.7
92.3
75.6
Chemicals and drugs
1923-25= 100._
74.6
76.6
75.8
78.1
Petroleum refining
1923-25=100.
77.4
85.0
83.8
80.7
83.1
Food products
.1923-25=100..
79.3
53.3
51.7
50.4
65.3
Iron and steel
.1923-25=100..
51.4
79.0
78.0
76.1
85.4
Leather and products
..1923-25=100..
71.6
81.7
81.1
79.4
86.0
Boots and shoes
1923-25=100..
74.2
67.9
65.0
62.6
83.0
Leather...
._
.1923-25=100..
61.3
39.0
37.7
36.4
44.0
Lumber and products.
1923-25= 100..
36.3
45.8
45.9
46.4
51.8
Machinery
._
...1923-25=100..
48.4
47.1
46.6
45.8
59.5
Metals, nonferrous
1923-25=100..
45.4
82.3
809
79.3
82.5
Paper and printing
1923-25=100..
80.5
60.5
60.2
63.6
77.0
Rubber products
_
1923-25=100..
65.0
62.9
63.3
66.3
86.0
Auto tires and tubes
1923-25= 100..
69.4
53.3
50.7
55.2
50.0
Boots and shoes
1923-25=100..
51.9
75.7
71.9
62.3
85.7
Textiles and products
1923-25=100..
53.9
76.2
72.6
63.8
94.1
Fabrics
1923-25=100..
56.4
74.4
70.3
58.4
64.7
Wearing apparel
1923-25=100._i
47.5
71.9
69.9
68.3
65. 6
Tobacco manufactures
1923-25= 100..
68.4
41.3
43.1
45.1
49.2
Transportation equipment
1923-25= 100..
49.2
37.3
44.3
50.8
58.4
Automobiles
1923-25= 100..
57.9
42.1
40.1
38.7
41.4
Car building and repairing.. 1923-25= 100..^
40.7
63.4
64.5
66.9
58.7
Shipbuilding
1923-25=100-.
71.4
61.1
60.3
58.8
70.1
Factory, adjusted (F.R.B.)
1923-25=100..
58.3
43.8
41.9
40.5
51.6
Cement, clay, and glass
1923-25 = 100..
43,
1
42.6
41.1
36.4
45.
Cement
1923-25=100..
39.8
38.8
37.3
36.4
42.4
Clay products
1923-25=100..
37.6
54.4
51.6
51.1
73.3
Glass
1923-25=100...
55.9
74.0
73.7
74.0
87.5
Chemicals and products
1923-25=100..
74.7
78.6
77.0
77.6
95.6
Chemicals and drugs
...1923-25= 100..
78.2
74.7
75.2
74.4
76.4
Petroleum refining.
1923-25=100..
75.7
* New series. For earlier data see p . 20 of the December 1932 issue.




60.9
44.6
42.4
39.0
57.0
75.5
80.1
74.3
82.9
53.6
72.7
73.4
69.6
38.1
46.0
48.4
82.2
61.2
62.7
56.6
73.1
75.2
67.8
72.7
43.3
40.5
43.4
62.4
61.2
44.3
41.8
39.0
56.0
75.2
78.6
75.0

59.6
41.4
34.0
36.1
56.2
75.4
79.6
75.4
81.5
52.1
70.0
70.3
68.6
36.6
46.0
46.8
81.8
61.8
62.2
60.3
71.1
74.1
63.4
68.8
44.8
45.2
42.7
62.4
60.6
42.6
35.3
37.1
57.7
75.2
78.3
76.3

58.1
36.7
31.0
30.4
52.2
76.2
80.2
75.0
78.6
49.6
73.3
74.6
68.1
33 8
44.0
44.4
80.2
59.1
61.3
52.7
69.6
72.8
61.7
60.4
46. 1
50.4
41.3
60.9
59.4
39.4
34.0
32.8
55.7
76.4
79.7
76.4

56.7
59.2
38.1
37.8
31.0
30.7
31.2
31.4
55.6
54.4
78.2
77.3
80.1
80.5
75 8
75.7
76.9
78.4
49 1
51.8
76.6
77.3
78.8
79.2
67.8
69.6
31.8
33.4
42.8
44.4
42.3
45.3
78.7
80.1
57.0
59.4
60.4
62.5
46.4
50.4
67.7
72.3
68.1
73.7
66.7
69.0
57.6
63.4
42.5
45.1
49.6
43.9
40.3
40.6
57.1
54.1
56.6
59.4
39.9
38.9
33.8
33. 1
33.4
32.1
56 0
55.3
76.4
75.6
78.9
79.1
76.7
76.6
a
Revised

57.8
40.5
36.7
32.5
58.6
82.4
78.8
75.9
78.2
50.6
75.0
77.7
63.9
32.8
43.1
44.4
78.4
57.1
60.6
46.7
69.7
69.6
69.8
56.3
41.4
44.4
38.5
49.8
57.7
40.2
37.3
32.2
57.8
77.6
78.1
75.9

28

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

September 1933
1933

August ! S e ^ e _ m - October

No

™m"

D

lc°m

EMPLOYMENT CONDITIONS AND WAGES—Continued
EMPLOYMENT—Continued
I
Factory, adjusted (F.R.B.)—Continued
83.6
79.4
81.3
80.0
79.2
Food products
1923-25 = 100..
81.0
81.8
80.7
79.6
78.4
81.2
82.3
82.6
66.3
52.1
53.2
52.8
51.4
50.6
51.3
53.8
50.6
48.3
50.0
Iron and steel
1923-25 = 10052. 5
58.1
85.7
71.9
76.1
72.0
75.6
74.0
74.9
73.2
72.9
75.7
76.4
Leather and manufactures
1923-25 = 100..
79.7
83.9
86. 0
74.1
78.1
72.9
77.5
76.7
77.3
74.1
74.4
78.0
79.3
Boots and shoes
1923-25 = 100..
81.4
84.7
84. 6
62.4
67.9
68.3
67.5
62,9
65.0
69.1
66.9
66.2
64.4
Leather
....1923-25= 100.
72.6
80.3
43.8
36 I
37.6
36.8
34.4
35.7
36.6
37.3
35.0
32.5
33.3
Lumber and products
1923-25 = 100..
35.7
40.0
5!. 7
48.3
46.1
46.4
44.2
46.4
46. 0
46.6
44.5
42.2
42.6
Machinery
...1923-25 = 100..
44.2
47.7
60. 3
46 0
47.8
47.4
44.4
46.4
47.2
48.9
44.8
41.0
43.4
Metals, nonferrous
1923-25 = 100..
47.4
53.6
83. 4
81.4
82.0
SO. 2
79.9
80.4
81.1
81.1
79.6
78.5
78.8
Paper and printing
1923-25 = 100..
79.9
81.6
76. 4
64.6
60.7
63.2
59.1
62.7
58. 6
63.7
59.7
58.6
56.7
Rubber products
1923-25 = 100..
59.7
67.8
84.4
68.1
64.0
65. 4
62.3
64.4
61.6
67.0
62.6
59.7
59.6
Auto tires and tubes
—1923-25 = 10065.3
75.0
52.4
54.3
51.0
56.3
49.6
57.2
49.4
53.6
51.2
47.3
47.9
Boots and shoes
1923-25 = 100..
42.9
46.2
90.3
56.9
74.3
70.4
70.4
64.8
72.2
72.3
69.2
65.4
68.5
Textiles and products-.
1923-25=100..
73. 4
81.6
97. 6
58.6
75.5
72.9
72.2
66.1
73.6
73.9
72.2
66.9
69.2
Fabrics
.-1923-25 = 1C0 75. 9
86.7
71.9
52.9
71.2
64.0
66.1
61.5
68.6
68.9
61.5
61.9
66.8
Wearing apparel
1923-25=100..
67.4
68.7
67.3
70.2
68.3
67.7
64. 1
68.3
67.9
68.6
64.9
57.8
57.5
Tobacco manufactures
1923-25 = 100-.
65.4
a 66. 9
49.3
49. 3
41.4
47.4
45.0
44.8
42.8
45.6
47.4
41,7
40.1
Transportation equipment
1923-25 = 100—
41.9
43.9
58.8
58. 1
37.3
51.6
48.9
49.8
43.0
45.6
53.3
41.9
41.5
Automobiles
1923-25 = 100..
43. 8
50. 3
41.2
40. 4
41.9
42. S
41.1
38.6
40.0
43.6
42.0
40.5
38.3
Car building and repairing-.1923-25 = 100—
39. 4
38.2
60.1
73.0
67.6
62.4
54.1
70.7
69.2
65.0
59.1
50.9
47.0
Shipbuilding
1923-25 = 100—
52. 1
53.2
Factory, by cities and States:
Cities:
65. 4
67.1
64.3
64.9
63.5
60.5
65.3
64.7
61.2
64.8
71.1
Baltimore*
..1929-31 = 100..
66.6
63.6
53.3
53.0
48.2
49.3
51.0
51.8
49.2
49.7
56.7
53.4
49.8
Chicago*...,
....1925-27 = 100
51.1
53.4
65.2
61.7
65.3
66.0
66.7
65.6
66.6
78.6
65.1
66.6
66.8
Cleveland
Jan. 1921 = 100-.
68. 8
73.9
42.0
41.8
50.0
63 4
39.3
62.8
29.2
37.4
48.0
49.2
Detroit
1923-25=100—
28.8
52.5
60.7
55.4
54.3
"57.4
53.5
55.7
71.9
55.4
54.4
53.7
53.7
54.1
Milwaukee*
1925-27 = 10061.0
68.2
61.6
56. 3
51.0
59.5
57.8
59.2
59.6
57. 9 »
55.3
55.8
New York....
1925-27 = 10058 0
58.4
59.1
a
1
1
63. 3
66.6
»61.3
60. 9 ! a 5 8 . 8
«57.8
' 58. 0
*58.3
« 57. 1
58. 9
° 60. 9
« 64.1
Philadelphia!
1923-25 = 100..
States:
87.9
. 72.1
« 70.3 « 73. 8
« 80.0
* 74. 2
* 70. 5
" 6S. 8
<* 71. 6
«72.2
« 74.1
a 72. 8
» 75.2
Delawaref
1923-25 = 100..
60.9
50.8
51.7
51.7
52.3
54.4
53. 5
50.7
53. 5
54.6
52.1
Illinois
1925-27 = 100...
53.6
57.2
93.0
83.2
83.7
92.6
91.2
95.1
93.5
85.6
91.5
94.0
88.2
Iowa
...1923 = 100.
83.4
90.5
69.0
56.2
56.4
59.1
50.4
64.7
61.4
58.1
Massachusetts *.._
1925-27 = 100.
56.6
62.2
60.3
58.5
62.9
78.9
64.3
67.5
69.4
66.0
71.0
69.9
65.4
Maryland *
....1929-31 = 100.
66.5
68.9
67.5
68.3
71.0
a
1
a
a
a
70.4
"60.9
60. 8
» 66. 2
^ 63. 4
« 65. 5
64. 9
66. 0
65. 2
62. 2
New Jerseyt
1923-25=100.
*63. 4
« 63. 7
67.3
62.2
53.7
55.3
59.5
54.4
58.9
52.4
57.8
57.1
55.4
New York...
..1925-27 = 100.
56.3
57.1
59.5
57.2
60.5
61.4
77.;
59.3
61.5
62.4
60.3
60.7
60.6
Ohio
1926 = 100.65.7
«72. 5
61.5
« 58.8
68.2
« 59. 0 * 62. 6
"65.6
«65.2
* 58. 7
°63.3
° 59. 6
° 63. 6
« 60. 3
Pennsylvania!—1923-25=100*61. 8
« 65. 5
58.6
60.8
75.9
60.5
60.1
62.4
58.8
60.2
61.1
57.3
Wisconsin
1925-27 = 10058.8
63.3
69.5
Nonmanufaeturing (Dept. of Labor):
Mining:
51.6
54.6
44.5
63.9
62.7
43.2
39.5
43.8
52.5
49.2
55.8
62.3
58.7
Anthracite
1929 = 100..
63.7
67.6
58.6
67.0
69.4
63.2
69.8
59.4
62.4
70.0
Bituminous coal
1929=100.69.3
61.2
61.3
29.4
30.0
29.5
30.5
31.9
33.0
32.4
28.6
29.3
33.3
31.5
Metftlliferous
1929=10030.0
31.5
56.8
56.5
55.4
56.8
56.5
59.5
57.2
57.4
56.2
57.2
57.0
Petroleum, crude production
1929=100—
56.9
58.0
39.3
35.1
49.5
52.4
49.4
49.5
35.1
51.1
52.4
42.3
34.8
Quarrying and nonmetallic
1929=100..
43.4
47.3
Public utilities:
69.5
69.4
74.1
72.3
69.8
69.3
75.6
71.8
71.4
69.1
73.5
70.6
70.4
Electric railroads
1929=100.
76.9
82.3
79.9
76.9
77.3
81.5
79.1
76.9
Power, light, and water
1929=100..
81.0
77.7
77.4
78.4
79.1
72.3
76.2
73.
69.2
75.5
70.1
Telephone and telegraph
1929=10078.1
74.6
73.9
74.8
77.4
Trade:
78.6
71.4
74.6
81.3
78.3
74.6
72.6
81.7
95.2
73.4
77.0
77.8
76.9
Retail....
1929=100.
73.3
76.6
76.4
77.6
73.1
76.9
77.1
77.0
75.3
74.1
74 0
Wholesale.
1929=100..
77.8
75.7
Miscellaneous:
96.3
a 97. 4
98.7
96.8
97.8
Banks, brokerage houses, etc.*—1929=100..
98.5
98.2
96.4
98.7
98.6
98.0
97.6
97.0
81.1
49.2
55.6
76.6
73.0
50.5
33.
Canning and preserving
1929=100..
99.0
125.3
33.7
34.1
35 1
45.5
82.3
81.1
85.6
71.2
82.9
Dyeing and cleaning*.
1929=100..
82.4
78.0
79.5
83.3
75.2
73.0
70.9
82.0
75.4
72.4
71.9
73.6
75. 6
78.4
74.3
77.6
77.0
73.2
73.8
73.8
Hotels
1929 = 100.
71.9
77.5
73.4
76.0
76.3
80.3
76.2
Laundries*
1929=10078.9
78.6
75.9
75.4
74.4
73.5
73.0
Miscellaneous data:
22.1
35.7
30.4
° 26.9
37.8
37.9
24.8
24.0
40.8
23.9
21.3
26.8
Construction employment, Ohio..l926 = 100..
20.1
Farm employees, hired, average per farm
.86
1.01
.77
.72
.74
1.09
1.01
.96
number-.
.79
Federal and State highway employment,
305, 372 333, 403 374, 405 373, 246 371, 667 290, 465 266, 443 255, 256 279, 213 299, 882 330,138
total*
number..
359,605
175,254 182, 201 219, 277 214, 427 210,939 150, 479 115,404 114,567 133, 595 162,816 187, 371
Construction*
number206, 664
130,118 151,202 155,128 158,819 160,728 139,986 151,039 140, 689 145,618 137, 066 142, 767
Maintenance*
number..
152, 941
Federal civilian employees:
608, 703 611,010 610,948 608, 488 607, 904 600,943 599,990 600.311 603,818 605, 554 610 652 601 944
United States*
number67,063 06 560
66, 388
67, 552
67, 259 67, 070 66,974
66, 302
66, 800
67, 557
66, 802
Washington
number.
65 437
1,
939
1,022
1,013
934
996
960
1,010
956
Railroad employees, class I
thousands.
1,001
952
973
Trade-union members employed:
68
67
69
67
65
67
All trades
percent of total33
29
36
30
Building trades*
percent of total.
31
« 33
54
51
Metal trades*. ._
percent of total.
55
53
53
55
81
78
Printing trades*
percent of total--I
78
80
77
77
All other trades*
percent of total.
80
78
78
80
81
O6
46
46
On full time, all trades...percent of total.
45
45
47
48
47
LABOR CONDITIONS
Factory operations, proportion of full time
86
85
82
88
worked, total
percent84
90
92
Chemical? and products
percent.
89
91
90
89
94
95
94
94
Food products
percent95
94
92
95
94
80
Leather and products
percent84
86
86
80
88
90
92
71
Lumber and products
percent74
79
76
73
77
84
87
Metal products:
73
67
70
67
70
72
Iron and steel
percent.
82
70
77
73
73
78
Other
percent.
80
80
73
81
85
84
83
86
Paper and printing
.percent.
87
87
86
89
91
80
79
79
85
Stone, clay, and glass
percent80
78
83
87
89
84
88
93
8S
Textile products
percent87
94
92
93
96
80
79
78
SC
Tobacco products
percent79
80
78
83
84
79
78
78
8'
Transportation equipment
percent.
83
81
82
89
90
70
70
69
85
Automobiles
percent73
76
76
88
92
Hours of work per week in factories:*
34.9
36.5
36.5
35.
34.
32.1
32.2
35.2
32.2
Actual, avg. per wage earner
__honrs__
42.
33.8!
37.4 41.2
• New series. For earlier data see p. 20 of the October 1932 issue (hours of work) and p 18 of the December 1932 issue and pp. 19 I 20 of the June 1933 issue
emploympnt) Data for Massachusetts subsequently revised for 1931-32-33. See p. 19 of the August 1933 issue.
° Revised.
t Revised series. For earlier data see p. 19 of this issue.




29

SURVEY OF CURRENT BUSINESS

September 1933

1932

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
FebruJanuary ary

August

March

April

May

June

EMPLOYMENT CONDITIONS AND WAGES—Continued
LABOR CONDITIONS—Continued

|

Labor disputes: t
i
Disputes
number..
Man-days lost
number..
Workers involved
number..
Labor turnover (quarterly):*
Accessions,percent of no. on pay roll,.
Separations:
Discharged
percent of no. on pay roll—
Laid-off
..percent of no. on pay r o l l Voluntary quits
percent of no. on pay roll—

40
38
740,785 S 754,423
33,216
27,717

33
566,045
7,456

23
147,059
2,324

21
68,154
1,896

12
40,492

29
240,912
8,790

32
109,860
6,706

46
41
445, 771 '535,039
12, 794 •19,867

•59
717, 063
24,821

87
697, 626
36, 757

12.55

10. 50

8.50

20.86

.45
10.78

.43
8.75

.38
10.14

4.46

2.10

1.77

1.56

2.23

.52

PAY B O L L S
Factory, unadjusted
(F.R.B.)—.1923-25=100Cement, clay, and glass
1923-25=100..
Cement-..
—1923-25=100..
Clay products
.1923-25=100..
Glass
1923-25 = 100Chemicals and products
1923-25 = 100..
Chemicals and drugs
1923-25=100..
Petroleum refining,._
1923-25=100..
Food products
1923-25=100..
Iron and steel
1923-25=100..
Leather and products
1923-25=100Boots and shoes
1923-25=100..
Leather
1923-25=100..
Lumber and products
1923-25=100..
Machinery
1923-25=100Metals, nonferrous...
1923-25=100Paper and printing
.1923-25=100Rubber products
..1923-25=100..
Auto tires and tubes
1923-25=100..
Boots and shoes
1923-25=100..
Textiles and products
1923-25=100..
Fabrics
1923-25=100..
Wearing apparel
1923-25=100Tobacco manufactures—
1923-25=100..
Transportation equipment
1923-25=100Automobiles
1923-25=100Car building and repairing- .1923-25=100Shipbuilding
1923-25=100Factory b y cities:
Baltimore*
1929-31=100..
Chicago*.—
—
..1925-27 = 100..
Milwaukee*
-1925-27 =-100_.
New York *
1925-27=100..
Philadelphia f
-1923-25=100..
Factory, by States:
Delaware t
1923-25
Illinois
1925-27
Maryland *
1929-31 =
Massachusetts *
1925-27
New Jersey f._
1923-25
New York...
1925-27 =
Pennsylvania f
1923-25=
Wisconsin
1925-27 =
Nonmanufacturing (Department of Labor)
Mining:
Anthracite
1929= 100.
Bituminous coal
1929= 100.
Metalliferous
1929= 100.
Petroleum, crude production..-1929= 100.
Quarrying and nonmetallic
1929= 100.
Public utilities:
Electric railroads...
1929= 100.
Power, light, and water
1929= 100.
Telephone and telegraph
1929= 100_
Trade:
Retail
1929= 100.
Wholesale
1929= 100.
Miscellaneous:
Banks, brokerage houses, etc.*—1929= 100.
Canning and preserving
_..1929= 100.
Dyeing and cleaning *
1929= 100.
Hotels
1929= 400.
Laundries *
1929= 100.

49.9
30.2
27.6
21.2
49.8
67.9
72.6
66. 1
68.2
42.4
64.2
62.2
71.4
24.6
35.7
46.5
67.8
65.2
69.7
47.3
58.9
67.2
41.9
47.3
38.3
46.1
31.4
44.9

39.6
24.4
25.9
17.8
36.9
60.0
57.8
68.9
68.3
22.2
46.2
46.1
46.6
19.0
28.8
29.4
69.1
45.9
49.7
30.8
32.5
34.4
28.6
51.4
37.3
43.4
29.6
64.9

40.1
23.9
25.1
17.6
35.9
60.0
58.1
68.2
67.9
22.1
51.7
52.4
49.0
19.3
27.1
28.9
67.4
41.5
43.0
35.7
42.3
42.1
42.6
49.4
31.6
32.7
28.6
53.6

58.1
35.2
47.7
47.4
48.0

46.2
29.0
27.6
42.4
"39.4

45.9
31.6
30.1
45.8
* 39.8

47.2
32.0
32.2
51.3
«44. 4

66.0
37.9
60.5
53.0
54.4
48.0
45. 3

« 48. 6
«28.9
•47.7
35.8
•50.1
39.4
a
33. 2
34.2

« 47. 3
31.4
47.7
40.8
"48.0
41.2
«34.8
35.3

« 50. 7
32.2
49.3
46.2
« 51.4
44.9
°37. 6
37.0

38.2
33.6
19.0
42.2
28.4

34.5
24.4
16.9
44.6
29.1

41.4
26.4
16.5
42.9
29.7

57.4
70.0
66.7
58.1
59.1

66.4
78.7
79.6

46.2
52.8
53.3
56.1

40.9
23.3
18.4
17.5
37.8
59.8
60.5
62.8
66.1
24.2
42.0
38.7
53.9
18.8
28.0
30.1
69.8
39.8
36.7
52.2
46.4
50.1
39.1
50.4
33.8
32.0
33.5
52.4

39.2
20.2
16.1
13.4
36.0
60.7
60.6
64.6
64.1
22.7
43.7
41.7
50.9
16.3
26.0
27.5
67.0
35.4
34.8
38.0
44.2
46.6
39.2
38.3
34.0
36.3
30.8
46.6

40.0
20.9
16.0
14.3
37.3
60.8
61.1
64.3
62.7
24.7
50.0
49.0
53.9
16.3
26.3
27.4
65.8
35.8
35.7
36.3
48.2
48.4
47.7
40.2
32.1
32.2
30.8
44.2

36.9
20.6
16.4
13.8
36.7
60.4
59.8
64.5
59.8
22.4
47.1
46.2
50.3
14.3
24.0
25.1
63.3
31.1
31.7
28.6
41.3
40.8
42.4
36.0
29.2
27.0
29.9
40.3

38.6
22.0
18.3
14.2
39.9
60.8
58.4
63.8
62.6
24.4
45.9
46.0
45.4
15.6
24.4
27.4
62.4
34.2
35.2
30.2
45.2
43.0
49.8
35.9
30.6
32.3
28.6
37.4

42.0
25.1
21.2
15.9
45.9
61.9
62.0
65.1
64.8
29. 5
50.8
49.2
56.6
18.0
27.4
34.5
64.9
46.2
49.0
31. 7
46. 8
50.1
40.1
45.5
35.3
40.4
30.0
40.3

«46.2
29.1
25. 1
18.8
52.1
64.6
66.9
66.3
66.3
36.2
57.4
54.9
66.4
21.7
32.0
41.4
66.6
57.3
62.0
38.4
53.6
60.5
39.4
47.3
36. 0
43.2
29.8
40.3

48.7
46.0
31.4 , 28.5
34.1 I 34.3
51.6
48.0
«47.3
°44. 7

46.0
28.3
31.6
46.2
« 42. 6

42.5
28.4
30.2
44.0
•39.6

42.5
28.6
30.3
45.1
«40.1

41.4
25.7
27.7
43.7
•37.5

44.3
26.4
34.8
46.0
•37.9

46.9
29.3
38.7
45.6
«41.8

50.9
32.2
45.8
46.5
•45.3

» 50. 9
32.5
51.2
47. 3
«52.0
46.4
«40. 6
39.3

"49.4
30.1
48.9
43.5
»49. 6
44.2
« 39.1
38.2

« 52. 2
29.1
48.4
41.8
« 49. 6
42.6
«37.4
35.0

«49. 6
28.5
44.7
39.7
«46.2
40.1
a
33. 7
32.5

« 51. 4
29.6
45.7
42.3
«47. 5
40.7
-34.8
34.0

•47.0
27.2
44.0
37.2
• 43. 5
38.4
32.5
32.6

•45.0
28.2
45.9
38.0
•45.2
40.1
•33.4
36.4

« 51. 2
31.3
49.1
42.2
•48.1
42.4
• 37. 6
40.6

•56.9
35.4
53.1
47.0
52.1
45.1
°42.0
46.8

47.0
30.2
17.0
41.9
30.5

66.7
37.8
18.0
42.5
30.1

51.0
38.0
18.7
42.4
27.1

56.2
37.7
18.7
41.7
22.1

43.2
36.1
18.1
39.9
18.1

56.8
37.2
17.8
41.7
17.4

30.7
17.4
42.5
17.8

37.4
26.6
16.4
40.1
20.2

30.0
26.9
17.0
41.6
23.8

34.3
29.2
18.3
40.6
27.5

63.8
76.7
79.1

62.5
74.7
75.9

61.5
74.4
75.7

61.7
73.2
74.3

61.9
73.2
73.5

60.9
73.0
71.7

60.6
71.6
71.9

59.4
71.9
71.6

58.1
69.4
67.8

58.2
69.9
68.5

58.0
69.9
66.6

63.3
64.7

60.7
63.2

64.6
63.1

66.9
63.3

73.6
62.6

62.7
61.7

58.4
58.6

55.1
57.1

60.4
56.0

59.5
57.4

60.5
57.3

90.1
47.5
60.0
61.8
66.3

88.5
65.6
56.3
59.6
63.9

87.3
75.1
61.0
59.1
62.9

86.0
34.4
52.3
57.5
59.1

85.
25.6
48.4
56.6
58.7

85.5
24.
46.6
55.7
5'

84.7
25.9
42.4
55.9
55.5

84.1
24.2
41.0
53.5
52.9

83.3
33.5
54.6
51.7
54.0

83.6
31.8
53.9
51.8
54.5

° 84. 7
36.7
56.7
52.3
56.7

42.1
24.6
26.3
18.4 I
35.8
59.8
58.4
66.3
70.8
23.4
54.5
55.2
52.3
20.9
27.0
30.3
70.0
36.4
35.6
39.9
53.1
51.7
56.0
51.0
27.3
22.2
28.9
52.4

43.5
26.4
27.0
20.0
38.7
60.7
61.9
63. 3
70.9
26.2
55.0
54.6
56.3
22.4
27.7
32.2
71.7
38.9
38.1
42.4
55.6
55.2
56.3
52.6
29.1
23.3
31.4
53.4

86.5
51.8
58.8
58.6
61.2

41.8
25.7
24.8
19.0
39.5
60.9
62.3
63.1
67.0
25.6
43.8
40.7
55.0
20.9
27.4

31.9
70.2
38.6
36.1
48.3
49.4
51.9
44.2
52.4
31.9 .
27.6 «
33.7
48.8

WAGES—EARNINGS AND EATES
Factory, weekly earnings (25 industries) :*
All wage earners
_
dollars19.15
15.43
15.35
16.71
16.23
16.86
16.84
16.21
15.39
16.37
16.13
14.56
18.49
Male'
21.99
18.94
21.18
17.59
Skilled and semiskilled.dollars17.51
18.58
19.25
17.75
18.5;
18.67
16.54
19.40
18.83
16.48
14.42
15. 83
Unskilled
dollars13.13
13.16
13.94
14.35
13.30
13.61
13.92
12.27
14.20
13.89
12.93
11. 03
12.30
Female
dollars10.60
10.42
11.70
12.22
10.09
11.56
10.97
10.96
9.93
11.86
72.0
62.8
69.5
All wage earners.
.1923=100.
57.7
58.0
61.0
63.4
60.9
57.8
61.5
60.6
54.7
63.3
Male:
71.4
61.5
68.8
57.1
57.6
56.9
60.3
62.5
63.0
61.1
60.6
53.7
Skilled and semiskilled
1923=100.
64.7
74.0
71.1
59.1
59.7
58.9
62.6
64.4
Unskilled
—1923=100.
63.7
61.3
62.3
62.5
55.1
64.0
71.3
75.0
60.4
58.5
Female
—
1923 = 100.
61.5
67.9
70.9
67.1
63.6
63.6
57.6
Factory, av. hourly earnings (25 industries):
.453
.452
.460
.455
.487
.479
.464
.474
.467
.468
.460
All wage earners *
dollars.
.468
Male:
.513
.511
.517
.553
.541
.522
.546
.538
.530
.529
.527
.521
.527
Skilled and semiskilled *
.dollars.368
. 369
.373
.375
.392
.392
.387
.381
.377
.391
.381
.375
.380
Unskilled *
-dollars.29'
.300
.299
.322
.303
.313
.312
.311
.306
.303
.298
.294
Female *
...dollars.
.305
* New series. For earlier data see p. 20 of the October 1932 issue (weekly earnings and turnover rates) and p. 18 of the December 1932 issue (hourly earnings and Maryland and Massachusetts and Baltimore pay rolls). Data for Massachusetts subsequently revised for 1931-32-33 See p. 19 of the August 1933 issue. Other data are on
pp. 19 and 20 of the June 1933 issue.
• Revised.
t Data for 1932 revised. For revision of labor disputes for months January to May see p. 29 of the July 1933 issue, and p. 19 of this issue (employment and payrolls).




30

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

1932
July

September 1933
1933

Decem- January FebruAugust SeptemOctober November
ber
ary
ber

March

April

May

June

EMPLOYMENT CONDITIONS AND WAGES—Continued
WAGES-EARNINGS AND R A T E S Continued
Factory, weekly earnings, by States:
Delaware1923-25=100.
Illinois
_
1925-27 = 100.
Massachusetts*.—
1925-27=100.
New Jersey—
1923-25 = 100.
New York...
1925-27=100.
Pennsylvania
1923-25=100.
Wisconsin
1925-27=100.
Miscellaneous data:
Farm wages, without board
(quarterly)._
dolls, per month.
Railroads, wages
_..dolls, per hour.
Road-building wages, common labor: #
United States
dolls, per hour.
East North Central
dolls, per hourEast South Central
dolls, per hour.
Middle Atlantic
dolls, per hour.
Mountain States
dolls, per hourNew 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—-percent base scale.

72. 2
60." 5
71.1
85.2
75.3
56.6
51.7

72.0
61.7
72.0
83.8
75.8
58.0
55.0

72.9
63.2
74.2
86.1
77.7
59.9
55.6

74.4
64.4
73.1
86.8
77.9
62.5
59.0

71.6
59.7
70.8
83.8
75.1
59.5
58.7

73.7
60.5
70.8
84.1
74.7
59.1
55.7

67.2
59.1
67.4
82.0
72.6
57.6
53.9

72.8
63.1
72.1
83.4
74.2
61.9
58.5

74.7
66.9
74.7
85.4
75.8
66.9
62.2

.607

.599

26.36
.611

.608

.615

23 62
.614

.613

.602

24.27
. 603

.34
.41
.20
.35
.44
.35
.51
.22
.35
.27

.32
.35
.19
.34
.44
.34
.46
.18
.31
.26

.32
.36
.19
.34
.43
.33
.47
.18
.31
.26

.32
.36
.19
.34
.44
.34
.47
.19
.34
.26

.32
.37
.19
.35
.44
.34
.48
.19
.32
.27

.32
.37
.20
.34
.44
.34
.48
.20
.32
.26

.32
.37
.20
.35
.44
.33
.48
.21
.34
.27

.33
.41
.20
.36
.43
.32
.49
.22
.34
.27

. 33
.39
.20
. 35
.43
.32
.50
. 22
!34
.28

.33
.39
.20
. 35
.42
.33
.49
.23
.34
.28

.38
94.0

.38
94.0

.38
94.0

.38
94.0

.38
94.0

.38
94.0

.38
94.0

.38
94.0

.38
94.0

.38
94.0

78.7
67.1
76.7
85.4
77.2
68.8
61.9

FINANCE
BANKING
Acceptances and commercial paper outstanding:
704
681
683
669
671
707
710
720
705
699
697
738
687
Bankers' acceptances, total—.mills, of dolls..
Held by Federal Reserve banks:
13
164
280
307
4
2
4
12
3
2
3
41
2
For own account
mills, of dolls..
For foreign correspondents
36
36
43
45
30
40
37
32
59
49
43
39
41
mills, of dollsHeld by group of accepting banks, total
487
505
404
261
325
604
655
563
574
573
605
626
mills, of dolls
224
198
156
206
153
201
268
197
199
229
256
Own bills
mills, of dolls—
201
199
108
124
380
386
366
376
414
406
276
287
370
Purchased bills
_ mills, of dolls
42
62
86
85
28
55
64
52
115
38
70
123
Held by others
mills of dolls
Commercial paper outstanding
73
60
64
84
72
85
81
110
100
108
110
113
mills, of dolls
Agricultural loans outstanding:
83
85
87
86
88
92
95
89
117
117
102
98
82
Credit banks, intermediate.—mills, of dolls..
1,103
1,105
1,110
1,107
1,112
1,116
1,121
1,101
1,135
1,132
1,129
1,125
1,102
Land banks, Federal.-mills, of dolls..
3 SO
399
395
404
409
415
464
460
454
420
386
382
378
Land banks, joint-stock
mills, of dolls..
25, 486
22,624
22,437 • 22,062
24,466
26, 787
20, 750
25,239
25, 215
25,931
25. 298
29, 712
31, 232
Bank debits, total—.
mills, of dolls
12,012
12, 944
12, 413
12, 728
13,458
14,163
13,977
12,036 • 12, 454
13,967
9,815
17, 354
16, 743
New York City
mills, of dolls
11,509
10, 612
*9,608
12, 053
10,935
12,354
10, 401
12,820
12,511
11, 767
11, 756
12, 969
Outside New York City
mills, of dolls.. 13,878
Brokers' loans:
Reported by New York Stock Exchange
780
529
322
311
«360
359
347
338
916
325
242
332
380
mills, of dolls. .
1.56
1.20
1.83
1.52
1.56
1.52
1.42
1.63
2.80
1.19
1.39
1.18
2.15
Ratio to market value
percent..
By reporting New York member banks
635
764
512
418
394
454
876
362
353
332
345
425
mills, of dollsFederal Reserve banks:
Acceptance holdings. (See Acceptances.)
6,466
6,531
6,610
6,606
6,464
6,115
6,033
6,442
5,905
5,986
5,764
5,815
5,848
Assets, total.
_
mills, of dollsReserve bank credit outstanding
2,220
2,218
2,459
2,794
2,572
2,145
2,077
2,202
2,209
2,439
2,331
2,233
2,227
mills, of dolls20
171
336
305
33
31
35
9
43
34
33
34
48
Bills bought
mills of dolls
332
302
426
235
582
435
274
309
538
433
167
328
164
Bills discounted
mills, of dolls..
1,998
1,890
1,837
1,866
1,838
1,855
1,763
1,851
2,028
1,841
1,852
1,854
1,851
United States securities..mills, of dolls..
3,807
3,633
3,126
3,455
3,331
3, 457
3,242
2,836
2,980
3,091
3,195
3,813
Reserves, total
.mills, of dolls.. 3, 793
3,520
3,416
2,952
3,250
3,049
2, 635
2,773
2,893
3, 256
3,151
3,003
3, 543
3,548
Gold reserves
mills of dolls
6,464
6,610
6,466
6,606
6,115
5,986
2, 544
5,764
5, 815
5,848
5,905
6,033
6,531
Liabilities, total
mills, of dolls—
2,394
2,380
2,133
2,484
2,312
2,236
2,561
2, 554
6,442
2,158
2,241
2,446
2,494
Deposits, total
mills, of dolls
2,167
1,949
2,132
2,141
2, 509
2,052
2,225
2,383
2,292
2,411
2,294
2,146
2,446
Member bank reserves...mills, of dolls..
3,203
3, 094
3,428
3,696
3, 417
2,739
2,725
2,692
3, 012
2,709
2,859
2,814
2,750
Notes in circulation
mills, of dolls..
68.0
68.2
62.6
59.3
55.3
62.9
65.5
62.6
68.3
62.0
56.5
58.9
61.1
Reserve ratio
_
percentFederal Reserve member banks:
Deposits:
10, 593
11,229
M l , 549
M l , 127 M l , 740
11, 745
10,751
10,982
11,461
11,758 11,899
Net demand - .
_. mills, of dolls Ml,261
5,612
5,288
5,709
5,633
5,640
b 5, 440
» 5, 346 h 5, 28fi
5,668
5, 656
5,648
Time ._
mills, of dolls— b 5, 596
8.585
8,196
8,589
7,700
b 8, 570 b 8, 632
8,559
7,743
8,201
b 8, 927
8,507
Investments
.mills, of dolls.. * 8, 708
b 9, 753
*>9, 715
* 9,660
9,627
10,413
10,441
10, 706
10, 297 10,166
Loans, total
_
mills, of dolls— b 9,823 10, 996 10, 796
b 4, 308
fc4, 252 b 4, 267
4,259
4,234
4,288
b 4, 335
4,631
4,512
4,311
4,521
4,315
On securities .
. . mills, of dolls
b
6,284
* 5, 408 b 5, 486
5,393
6,365
6.185
5, 407
5,982
6,125
6,130
5,907
All other loans ._
mills, of dolls.. b5,488
Interest rates and yield on securities:
MJ-1/4
/&
l/-i-3^i
%~¥±
%
%
J4~%
Acceptances, bankers' prime.
.percent.H-H
H
H
H
U
Bond yields. (See Bonds.)
1.00
1.00
3.32
1.00
1.00
1.00
1.00
1.35
2.00
1.37
1.00
Call loans, renewal
percent..
2.08
2.00
2-214
11,0-2
1^-43^
21^-2%
2-2*4 ^ 3,^ _2 ^4 I14-1.34 lH~l/4 1^4-1^2
2-3 \i
Com'l paper, prime (4-6 mos.)
percent2-2 J$
c
* 2. 50
2." 50
c 3. 50
3.50
2.50
2.50
2.50
"2.50
2.50
2.50
2.50
Discount rate, N.Y.F.R. Bank
percent2.50
2.50
5.58
5.58
5.58
5.58
5.58
5.58
5.58
5.58
5.58
5.58
Federal land bank loans
percent—
5.59
5.58
5.58
3.10
3.10
3.10
3.10
3.17
3.10
3.35
3.10
3.39
3.25
Intermediate credit bank loans
percent3.58
3.44
3.38
5
50
5.50
5.25
6.00
Real estate bonds lone term
Dercent
Stock yields. (See Stocks.)
3/4-1
l-i H
Time loans, 90 days.percentu-m
1-1H
2H-3M
Yi
H
1U-1H
1H-1H
Savings deposits:
5,113
5,164
5,
130
5,220
5,269
5,317
5,282
5,314
5,265
5,085
5,271
5,243
5,253
New York State
mills, of dolls..
* New series. For earlier data see p. 18 of the December 1932 issue. Data for Massa#a Beginning with March 1932, method of computing rates was changed.
chusetts subsequently revised for 1931-32-33. See p. 19 August 1933 issue.
Revised.
e
Rate changed June 23, 1932, Mar. 3, Apr. 7 and May 26, 1933.
b Estimated for 101 cities on basis of report for 90 cities. Breakdown
of loans revised April through June.
• Figures incomplete due to bank holiday.




"iji-iji"

September 1933
Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

31

SURVEY OF CURRENT BUSINESS

July

1933

1932

1933

July

Decem- January FebruOctober NovemAugust September
ber
ary
ber

March

April

May

June

FINANCE—Continued
BANKING—Continued
Savings deposits—Continued
U.S. Postal Savings:
Balance to credit of depositors
thous. of dolls.. 1,176,795 828, 549 847, 421 858,720 870,823 884,297 900,796 942, 519 1,006,185 1,112,715 1,158,416
Balance on deposit in banks
thous. of dolls._ 958,985 740,373 763,262 771, 219 783,921 779,971 792, 725 797,169 852,986 935,987 974,142

1,178,785 , 184,948
978, 286

974, 058

FAILURES
Bank suspensions:
Total
number.
Deposit liabilities—
thous. of dolls.
Commercial failures:
Total
number.
Agents and brokers
number.
Manufacturers, total
numberChemicals, drugs, and paints..number.
Foodstuffs and tobacco
_.number.
Leather and manufactures
number.
Lumber
number.
Metals and machinery
numberPrinting and engraving
number.
Stone, clay, and glass
numberTextiles
.numberMiscellaneous
numberTraders, total
numberBooks and paper
numberChemicals, drugs, and paints.. number.
Clothing.numberFood and tobacco
number.
General stores
number.
Household furnishings
...number.
Miscellaneous
number.
Liabilities, total
thous. of dolls.
Agents and brokers....
thous. of dolls.
Manufacturers, total
thous. of dolls.
Chemicals, drugs, and paints
thous. of dolls.
Foodstuffs and tobacco..thous. of dolls.
Leather and manufactures
thous. of dollsLumber.
thous. of dolls.
Metals and machinery.._thous. of dolls.
Printing and engraving.-thous. of dolls.
Stone, clay, and glass
thous. of dolls.
Textiles
.thous. of dolls.
Miscellaneous
thous. of dolls.
Traders, total
thous. of dolls.
Books and paper
thous. of dollsChemicals, drugs, and paints
thous. of dolls.
Clothing
-.-thous. of dolls.
Foods and tobacco.
thous. of dolls.
General stores
thous. of dolls.
Household furnishings...thous. of dolls.
Miscellaneous.
thous. of dolls.

1,42J
120
325

27, 481
S, 282

13,544

132
48, 743

85
29, 513

67
13, 508

102
20,092

93
43,319

161
70,914

241
135,020

148
72,870

2,596
184
622
16
58
17
80
68
38
19
100
226
1, 790
31
120
386
440
119
323
371
87,190
15, 042
37, 229

2,796
177
649
19
55
28
74
68
42
17
117
229
1,970
29
133
404
573
107
340
384
77, 031
12, 666
27,462

2,182
141
513
15
55
20
55
58
27
19
75
189
1,528
24
131
317
387
76
266
327
56, 128
7, 345
22, 310

2,273
150
542
14
52
19
70
56
31
29
74
197
1, 581
22
121
278
479
08
256
327
52,870
7,857
18,897

2,469
2,073
169
132
614
480
14
16 1
67
48 |
17
15
78
60
63
44
33
27
18
27
92
67
232
177
,686
1,461
1,
17
20
151
108
334
233
461
428
123
93
250
250
350
329
64,189
53, 621
9,721
6,808
24,577
23,918

2,919
172
565
17
60
18
62
68
40
22
75
203
2,182
29
160
507
495
169
412
410
79,101
11,433
30, 747

2,378
157
500
15
43
17
55
59
27
22
43
219
1,721
9
121
361
450
107
355
318
65, 576
9,157
24, 363

1,948
150
462
9
47
18
45
51
27
22
64
179
1,336
11
86
230
351
liG
268
294
4S, 500
7, 713
17,583

2 977
'388

354
1, 444

474
930

409
613

770
456

484
1,061

287
797

1,170

739
1,233

755
5, 930
8,115
1,270
688
5, 775
11,331
34,920
558

2,222
3,701
5, 068
699
1, 230
4,614
8,130
36,905
433

529
6, 660
4, 302
1,248
444
1,342
6,381
26, 471
314

945
3,752
2,820
1,126
1,376
1,680
6,176
26,117
265

242
4,277
2,161
626
2.274
1,906
11, 206
23,095
347

569
3,814
2,527
1, 354
1,454
3,142
10,172
29,890
272

2,310
4, 255
3,326
923
1,007
4, 385
13, 457
36, 921
334

345
3,342
2, 464
374
1,482
1,120
8, 467
32, 056
72

322
2, 539
2,766
461
671
1,463
7, 389
23, 204
90

421
3, 618
2, 867
1,410
975
951
7, 628
25, 954
687

2, 542
5, 098
1,726
1,271
904
5, 803
20, 877
374

311
2, 166
2, 179
678
1,118
948
5, 125
17, 87X
221

1,373
6, 490
8, 287
1,853
6, 843
9, 516

1,740
6, 590
9, 329
1,712
7,134
9,967

1, 286
5, 205
4, 639
819
6,089
8,119

1, 851
3,360
5,783
956
5, 678
8, 224

1,409
2,843
4,217
840
5,397
8,042

1,514
4,312
9,101
2,058
4, 692
7,941

1,806
6, 224
5,805
3,600
9,249
9,093

1, 376
5, 051
7,987
3,040
7, 324
7, 206

1,277
3,576
4,619
1, 608
6,378
5, 656

4,093
2,888
5, 766
793
4, 672
7, 054

1,366
2, 741
4, 57f>
952
4.421
6, i47

1, 103
2, 432
5, 064
587
a,;«i
5, 110

16, 639
6,281
1,450
4,831

16, 675
6, 256
1,443
4,813

16,733
6,228
1. 434
4,794

16,790
6,197
1,424
4,773

16,830
6,168
1,415
4, 753

16,917
6,136
1,402
4,734

16, 966
6,110
1,394
4,716

16,984
6,077
1,382
4,695

16,981
6,033
1,368
4,665

17,020
6, 002
1,357
4,645

17,047
5, 960
1.343
4,617

17,030
5, 910
1,322
4, 588

6, 162
1,327
1,670
2, 657
508

6,179
1,344
1,669
2,655
511

6,190
1,353
1, 669
2,653
515

6,206
1,366
1,671
2,649
520

6,224
1,378
1,674
2,649
523

6,231
1,400
1,670
2,639
522

6,238
1,406
1,671
2,638
523

6,259
1,427
1,672
2, 637
523

6, 266
1, 447
1, 670
2,631
518

6, 275
1,465
1,666
2,627
517

6, 267
1,466
1,665
2,618
518

6, 293
1,494
1,669
2,613
517

2,878

2,910

2,925

2,936

2,941

2,948

2,967

2,997

2,975

2,987

1,921
147
422
10
41
13
44
66
33
17
44
154
1,352
19
129
239
400
69
224
272
51,098
6, 407
.18,737
341
526

1, 909
161
466
17
48
17
59
61
24
45
157

1,282
20
119
194
431
fil
212
245
K, 074
19,021
f>(J7
545

1, 648
133
362
9
35
11
40
46
32
17
41
131
1, 153
13
97
200
'AH7
16
174
230
35, 345
4, 420
13,047
150
372

LIFE INSURANCE
(Association of Life Insurance Presidents)
Assets, admitted, total t-Mortgage loans
Farm
Other
Bonds and stocks held (book

mills, of dolls..
mills, of dolls..
mills, of dolls..
mills, of dolls..
value)
mills, of dolls.
Government
mills, of dolls..
Public utility
mills, of dolls..
Railroad..
mills, of dolls..
Other
mills, of dolls..
Policy loans and premium notes
mills, of dolls. .
Insurance writtenrt
Policies and certificates
thousands..
Group
thousands..
Industrial
thousands..
Ordinary
thousands..
Value, total
thous. of dolls..
Group
thous. of dolls..
Industrial
thous. of dolls..
Ordinary
thous. of dolls..
Premium collections tthous. of dolls..
Annuities
thous. of dolls..
Group
thous. of dolls..
Industrial
thous. of dolls..
Ordinary
thous. of dolls..

1,076
33
802
242
666, 095
42, 456
205, 780
417, 859
254,831
36, 407
8, 252
54,025
156,147

1,026
951
1,059
1,091
17
41
29
18
774
681
781
845
236
229
248
228
691, 364 668, 779 639,937 670, 039
36, 984
28, 979 61, 018 38,868
206, 641 196,340 174,156 198. 053
447, 739 443,460 404, 763 433,118
237, 885 234,163 209, 891 236, 284
15,968
11,961
10, 221
17,037
7,506
7,980
6,798
7,285
53, 379
58,052
57,066
58, 635
157, 345 155, 587 139,493 153,910

1,028
23
747
258
671, 242
36, 262
184, 882
450, 098
223. 842
12, 282
7,063
51,048
153, 449

934
923
990
14
43
681
648
227
239
299
741, 920 614, 431 609, 725
16,842
67, 810 22, 546
154,864 168, 312 168,400
519, 246 423, 573 424, 483
335, 642 242, 251 229, 590
17,612
17, 283
28,752
9,235
7,571
8,644
59, 243
51, 997
116,838
181,408 156,161 152, 739

2, 987

2, 970

996
1,034
1,047
14
14
12
747
762
776
235
258
259
640, 414 628, 778 645,320
21,711
22, 450
17, 345
187, 761 183, 462 190, 138
435, 308 423, 605 432, 732
229,160 227, 102 241,776
13, 906
15, 308
14, 545
6, 878
7, 786
8,718
53, 440
50, 448 48, 5]9
155, 449 157, 799 165, 242

1,076
25
792
258
687, 776
43, 295
198, 046
446, 435
237, 338
22, 056
7,412
50, 987
156, 883

495
213
49
55
178

490
209
47
57
177
154

(Life Insurance Sales Research Bureau)
Insurance written ordinary total-mills, of dolls..
Eastern district
mills, of dolls..
Far Western district
mills, of dolls..
Southern district
.mills, of dolls..
Western district
mills, of dolls..
Lapse rates
1925-26= 100—

483
195
50
56
182

486
211
47
51
177

213
47
51
177

438
187
42
48
161
157

479
200
49
51
179

499
221
47
53
179

538
233
51
58
196
146

481
217
44
48
172

474
211
46
51
166

462
209
45
48
160
132

464
206
47
53
158

° Revised.
t Revised series. For earlier data see pp. 18, 19, and 20 of the July 1933 issue (insurance written and admitted assets); and p. 18 of the June 1933 issue (premium
collections).




32
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SURVEY OF CURRENT BUSINESS
1933

1933

July

July

Decem- January FebruAugust SeptemOctober November
ber
ber
ary

September 1933
1933
March

April

May

June

FINANCE—Continued
MONETARY STATISTICS
Foreign exchange rates:
0. 586
0.586
0.586
0.586
0.586
Argentina
dolls, per gold peso..
0.586
0.586
0.605
0.583
0.679
0.807 0.586
.139
.139
.139
.139
.139
.140
Belgium
dolls, per belga..
.139
.139
.145
.140
.163
.195
.076
.076
.076
.076
.076
.076
.076
.076
Brazil
dolls, per milreis..
.076
.076
.076
.079
.871
.876
.903
.912
.835
.873
.866
.875
Canada
dolls, per Canadian doll..
.835
.847
.876
.945
.060
.060
.060
.060
.060
.060
.060
.060
Chile
dolls, per peso..
.060
.060
.063
.084
3.55
3.48
3.47
3.40
3.42
3.28
3.28
3.36
England
dolls, per £ . .
3.43
3.58
3.93
4.65
.039
.039
.039
.039
.039
.039
.039
.039
France
dolls, per franc.
.039
.041
.046
.055
.237
.238
.238
.238
.238
.238
.238
.238
Germany
dolls, per reichsrnark..
.239
.244
.274
.333
.267
.262
.262
.257
.258
.248
.248
.254
India
dolls, per rupee..
.258
.269
.296
.349
.051
.051
.051
.051
.051
.051
.051
.051
Italy
dolls, per lira..
.051
.054
.061
.074
.275
.245
.236
.231
.208
.206
.207
.207
Japan
dolls, per yen..
.213
.221
.240
.288
.403
.402
. 402
. 402
.403
.402
.402
.402
Netherlands.-.
_
.dolls, per florin..
.404
.420
.470
.562
.081
.081
.081
.082
.082
.082
.082
.082
.084
.089
Spain
dolls, per peseta..
. 100
.117
.182
.179
.178
.175
.183
.174
.179
.183
.182
.188
Sweden
- dolls, per krona..
.202
.240
.476
.474
.474
.474
.473
.473
. 473
.473
.474
.478
Uruguay
dolls, per peso..
.651
.532
Gold and money:
Gold:
3,942
4,030
4,292
4,491
4,547
4,140
4,228
4,429
4,301
Monetary stocks, U.S
mills, of dolls..
4,260
4,313
4,319
Movement, foreign:
48, 566 h 71, 023 -91,494 *-l 78,28,' *-100,092 33, 701
Net release from ear mark-thous. of dolls.. ^84,471 56, 237 100, 501 72, 289 45,774
22,114
60
16
13
61
14 21,521
16,741
Exports
thous. of dolls.. 85, 375 23,474 18,067
28,123
22, 925
20, 674 21, 756 100,872 128, 479 30, 397
Imports
thous. of dolls..
6,769
14,948
1, 785
1, 496 20, 037 24,170 27,957
Net gold imports, including gold released
36,957 -169,409 -113,287 23, 729
66, 387 70, 306 171,872
from earmark#*
thous. of dolls..
975
592 52,800 106,614 100,186
Production, Rand
fine
ounces.. 923, 071 981,1601 991,000 961, 501 974, 965 978.000 980, 000 967, 457 883,000 •• 946, 9 6 3 ' 895,097 944,604
89,016
Receipts at mint, domestic fine ounces.. 99, 581 23, 416 143, 088 145, 828 171,220 163, 545 141. 598 115,188
187, 694 120, 461 114,017
5, 720 5, 685
5, 643
5,699
5,643
5, 631
5, 892
Money in circulation, total__.mills. of dolls..
6,998
6,137
5,876
5, 675 5, 752
828
433
868
875
1,316
1,260
1,
551
°209
Exports...,.
thous. of dolls..
193
269
235
2,572
1,554
2, 052
1,494
1,763
1, 305
1,203
Imports
thous. of dolls..
855
1,520
1,693
5, 275
5,386 1,288
.267
.280
.279
.267
. 254
.250
Price at New York
dolls, per fine oz..
.261
.307
2.79
.341
Production, estimated, world (85 percent of
11,360
11,334
10, 493
8,280
11,674
9,658
total)
thous. of fine oz..i 9,551 11,927 10,924
9,003
11,656
9,772
1, 954
1, 491
1, 500
1, 092
1,005
1,853
1,007
1, 019
Canada
thous. of fine oz.-j 1,277
1,309
1, 015
1, 014
6,
611
5,907
5,902
4,221
6, 594
5, 547
6,067
7,159
Mexico
thous. of fine oz...
6, 436
4, 628
5, 197
5,100
1,824
2,170
2,052
1,627
1,603
1, 778
1,918
1,960
United States
thous. of fine oz,..
2,574
1, 907
1,933
1,552
Stocks, end of month:
4, 622
5,012
4,923
5,801
5,931
5,432
5,444
6,035
8,261
United States
thous. of fine oz..
7,060
8, 568
8,215
1,642
1,916
1,785
1,651
1,701
1, 559
1,640
Canada
thous. of fine oz...
1,831
1,859
1,707
2,028 1, 645
NET CORPORATION PROFITS
(Quarterly)
183.3
209.5
Profits, total
mills, of dolls..
123.8
Industrial and mercantile,
d
rf 21.1
^37.9
total
mills, of dolls..
18.6
d
d 20.4
30.9
Autos, parts and accessories-mills, of dolls..
18.1
18.9
Foods
mills, of dolls..
17.8
d
d
2.5
6.1
Metals and mining
mills, of dolls..
<* 1.6
Machinery
mills, of dolls..
* 1.6
d
0. 2
Oil
mills, of dolls._
7.1
<*15.0
Steel and railroad equip* 32.4
ment
mills, of dolls..
<*30.7
10.4
14.4
Miscellaneousmills, of dolls..
17.1
62.0
63.0
Public utilities..
mills, of dolls..
67.1
130.8
89.6
Railroads, class I.
mills, of dolls. _
33.9
54.6
51.8
Telephones
mills, of dolls..
41.4
PUBLIC FINANCE (FEDERAL)
20,806
20, 802
20, 806
20, 611
20,813
Debt, gross, end of month
mills, of dolls.. 22, 610 19, 612
20,067
20, 935
21,362
21, 441
21, 853
Expenditures, chargeable to ordinary
receipts
_.thous, of dolls.. 203,150 347, 889 257, 084 265, 725 373, 209 246,159 762, 406 247, 785 213,091
282.368 352,464 270, 053
283, 286 130, 552 167,152
Receipts, ordinary, total
thous. of dolls.. 179, 011 100, 652 111,133 259, 958 148, 004 124,507 351, 695 134, 044 121,312
19,929
24, 051
18, 352
25, 935
16, 442
17,444
17, 400
24,116
24, 744
20, 515
Customs
thous. of dolls.. 25, 081 18,876
85, 484 210, 995
86,805
90, 715
242, 464
79,940 216, 481
89,850
89,062 114, 754
Internal revenue, total
thous. of dolls.. 131,116 61, 686
14, 328 141,033
27, 713
17,889
176, 259
15,083 142, 203
13,063
15, 688
Income tax
thous. of dolls. _ 11, 983 17,457
19, 500
CAPITAL ISSUES
Total, all issues (Commercial and Financial
45, 388
Chronicle)
thous. of dolls.. 161, 990 155, 557 169,482 138, 607 124, 062 76, 400 157, 920 109,963 56, 513
59,643
19, 094
76, 400 157,920 109, 963
78, 607 120,047
56, 513
43, 788
Domestic, total
thous. of dolls.. 161, 857 155, 557 167, 482
59, 643
19, 094
0
0
0
2,000
60, 000
4,015
0
0
1,600
Foreign, total
thous. of dolls..
0
0
133
41, 591
28,844
67,489
10, 882
64, 517
37, 555
35,541
Corporate, total
thous. of dolls.. 95,955 111,871 133, 395
15, 634
5,418
763
8,766
6,966
1,000
600
0
7,592
0
2,660
Industrial
thous. of dolls.. 86, 730
9,043
3,270
1,200
0
0
0
0
0
0
0
0
1, 089
Investment trusts
thous. of dolls..
0
0
220
600
0
0
0
700
0
900
0
0
Land, buildings, etc
thous. of dolls..
0
0
220
200
0
0
0
700
0
0
900
0
Long-term issues
thous. of dolls..
0
0
0
0
0
0
0
0
0
0
0
0
Apartments and hotels.thous. of dolls..
0
0
0
0
0
0
0
0
0
0
0
0
Office and commercial.thous. of dolls..
0
0
37, 608
3,124
60, 523
7,000 110, 529
99,999
9,732
44, 925
414
28,104
Public utilities.thous. of dolls..
6,591
2,148
1,800
15, 000
0
1,061
0
26, 450
0
12, 000
36, 241
4,778
Railroads
...thous. of dolls..
0
0
1,355
0
0
75
342
6,346
450
0
0
0
Miscellaneous
thous. of dolls..
0
0
13,000
5,000
0
4,000
9,100
9,500
1,400
Farm loan bank issues..
thous. of dolls.. 35, 000 16, 000
0
0
0
29,809 116, 076
34, 088
63, 725
43, 458
17,558
Municipal, States, etc
thous. of dolls.. 31, 035 27, 687
44,009
35,946
9,847
13,677
Purpose of issue:
89, 971 100, 020
44, 801 122, 713
64, 610
19,636
24, 928
61, 645
New capital, total
thous. of dolls.. 117,083 105, 336
43, 802
16, 265
96, 005
69, 971
44, 801 122, 713
64, 610
59,645
Domestic, total
thous. of dolls.. 116, 950 105, 336
19, 636
24, 928
43, 802
16, 265
48, 474
10, 399
6, 550
10, 633
22,157
26, 281
1,314
Corporate
thous. of dolls.. 52, 760 62,842
3,584
17, 335
3,170
9,100
13, 000
4,000
5,000
9,500
0
1,400
Farm loan bank issues .thous. of dolls.. 35, 000 16, 000
1
0
0
38, 431
99, 315
59,421
29,168
32,953
33,364
Municipal, State, etc.-thous. of dolls.. 29,190 26,494
16,922
40, 218
13,095
7,593
0
4,015
0
20, 000
0
0
133
0
2,000
Foreign
thous. of dolls..
0
0
0
24, 042
31,599
45,353
35, 207
Refunding, total
thous. of dolls.. 44, 907 50, 221 107, 838 48,636
36, 877
15, 841
2,829
20, 460
19, 015
4,332
30,958
36, 241
18,446
42,360
Corporate..
___thous. of dolls.. 43, 061 49, 029 107,114
12, 050
2,248
18, 207
Type of security, all issues:
44,453
Bonds and notes, total
_.thous. of dolls.. 79,096 !154, 557 164,683 138, 257 120, 770 74,487 153, 209 106, 713 56, 513
56, 559
13, 677
64,198
39,678
10, 532
24,133
61, 267
Corporate
___thous. of dolls.. 13, 061 110,871 131, 595
37, 555
12, 550
34, 607
5,418
3,291
1,913
350
4,711
1,000
1,800
3,250
3,084
Stocks
thous. of dolls.. 82, 894
0
935
5,418
State and municipals (Bond Buyer):
30, 362
82, 737
47, 726 165,167
47, 568
85,930
67,178
64,951
Permanent (long term)
thous. of dolls..
45, 573
58, 579 "53,915
46, 032
28,928
74, 368
81, 688
40,589 145,590 105,173
Temporary (short term)
thous. of dolls..
92, 719 172,948 105,047
77, 389
« Revised.
p Preliminary
# Or exports (—).
= deficit.
*New
series superseding old series which covered the physical movement only. For earlier data see p. 20 of December 1932 issue.
h
Allowance has been made for gold earmarked at Bank of England for the account of the Federal Reserve Bank of New York.
* Differs from Federal Reserve Board figure, since $8,900,000 declared for export on Feb. 28 was not actually taken from Federal Reserve Bank of New York until




0.711
.171
.076
.899
.075
4.14
.048
.288
.311
.064
.258
. 490
. 104
.213
.560
4,317
3, 545
4,380
1,136
301
918,633
64, 445
5,742
343
15, 472
.357
644
" 5, 067
1, 465
6, 583
1, 690

22, 539
411,352
306, 1(12
22, 943
251, 601
146, 575

222, 644
162, 644
60, 000
60, 378
15,415
0
0
0
0
0
3, 000
41, 963
0
0
102, 266
110,148
110, 148
12, 082
0
98, 086
0
112,496
48, 296
213, 592
51, 326
9,052
107, 805
210, 783

Mar. 1.

33

SURVEY OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931, together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

July

1933

1933

1933
July

August I a ^ -

Decem- January FebruOctober November
ary
ber

March

April

May-

June

FINANCE—Continued
SECURITY MARKETS
B o n d s
Prices:
All listed bonds, avg. price

(N.Y.S.E.)
dollars..
Domestic issues
dollars
Foreign issues _ _ _
dollars
Domestic (Dow-Jones) (40)
percent of par 4% bond..
Industrials (10)-.percent of par 4% bond—
Public utilities (10)
percent of par 4% bond—
Rails, high grade (10)
percent of par 4% bond—
Rails, second grade (10)
percent of par 4% bond—
Domestict (Standard Statistics) (60) _ dollars._
U.S.Government (Standard Statistics)*
dollars..
Foreign (N.Y.Trust) (40)
percent of par._
Sales on New York Stock Exchange:
Total
thous. of dolls, par value—
Liberty-Treas-..thous. of dolls, par value,.
Value, issues listed on N.Y.S.E.:
Par, all issues
mills, of dolls
Domestic issues..
. mills, of dolls..
Foreign issues
mills, of dolls..
Market value, all issues
_mills. of dolls..
Domestic issues
mills, of dolls..
Foreign issues
mills, of dolls
Yields:
Domestic t (Standard Statistics) (60).percentIndustrials (15)
.percent—
Municipals (15) t
percent—
Public utilities (15)
_
percentRailroads (15)
percent..
Domestic, municipals (Bond Buyer) (20)
percent. .
Domestic, U.S. Government:
Treasury bonds (3 long term)
percent._
Treasury notes and certificates (3-8
months)
percent
Cash Dividend and Interest Payments
and Rates
Total (Journal of Commerce)...thous. of dolls..
Dividend payments
thous. of dolls..
Industrial and miscellaneous
thous. of dolls..
Railroads, steam
thous. of dolls..
Railways, street
thous. of dolls
Interest payments
thous. of dolls..
Dividend payments (N.Y. Times)
thous. of dolls..
Industrial and miscellaneous.thous. of dolls..
Railroad
thous. of dolls..
Dividend payments and rates (Moody*s):
Dividend payments, annual payments at
current rate (600 companies).mills, of dolls.
Number of shares, adjusted
millions—
Dividend rate per share, weighted average
(600) . .
.
dollars
Banks (21)
dollarsIndustrials (492)
dollarsInsurance (21)
dollars
Public utilities (30)
dollars
Railroads (36)
dollars

84.43
88.03
70.26

74.27
79. 25
65.52

77.27
83.70
65.89

77.50
83.93
66.10

76.37
82.04
66.30

73.91
81.36
60.72

77.27
81.65
60.22

78.83
83.32
61.34

74.89
79.09
58.45

74.51
78.58
58.59

76.57
80.07
62.86

80. 79
84.73
65.31

82.97
86. 84
67.77

73.00
62. 85

42.98
36.76

53.35
48.08

55.01
52.21

49.86
49.56

47.51
46.98

44.05
44.81

46.94
47.66

45.22
44. 35

42.01
39.88

41.35
42.32

50. 64
51.57

67. 67
58.92

79.63

64.73

69.96

70.10

70.95

69.49

69.79

73.66

71.53

64.99

64.62

69. 09

74. 60

88.95

70.97

79.32

82.07

80.76

78.19

77.88

82.49

81.92

77.23

73.62

80.35

84. 35

66.32
89.6

27.52
75.1

36.67
84.3

36.88
87.0

29.79
85.2

27.98
83.1

24.20
82.2

25.95
84.1

25.17
82.5

23.92
76.7

22.71
75.4

30.60
82.0

69. 23
86.8

103. 62
59.50

101. 33
51.72

101.95
55.82

102. 47
63.47

102. 52
58.00

102. 57
53.17

103. 19
57.51

103. 75
59.83

103. 36
54.19

101.09
53. 55

102. 00
55.52

102.91
56.47

103.54
57.11

323,139
20, 498

240, 720
46, 432

333,076
25,769

250,265
24,351

178, 562
20,250

15S, 905
15, 782

241,850
37,424

260, 021
38, 362

230,082
45, 387

193,181
55,176

269, 585
61,000

350. 626
38, 367

344, 050
23, 583

40,812
32, 538
8,274
34, 458
28, 645
5,813

51,991
33,152
18, 839
38, 615
26, 272
12, 343

51,863
33,140
18, 724
40. 073
27, 736
12,336

61, 780
33,114
18, 667
40,132
27, 793
12,339

51, 744
33,102
18,642
39, 518
27,158
12, 360

51,543
32,942
18, 600
38,095
26, 801
11, 294

41,305
32, 866
8,438
31,918
26, 836
5,082

41,173
32, 770
8,403
32,457
27, 302
5,154

41,107
32, 738
8,369
30,785
25, 893
4,892

41,006
32, 666
8,340
30, 554
25,668
4,887

40,948
32' 624
8,324
31,354
26,121
5,233

40, 844
32,553
S, 291
32, 998
27, 583
5,415

40, 878
32, 593
8, 285
33,917
28, 303
5,615

5. 15
6.16
4.60
4.86
4.97

6.42
8.67
4.78
5.65
6.60

5. 57
6.93
4,50
5.22
5.65

5.35
6.61
4.39
5.06
5.36

5.50
6.91
4.37
5.11
5.63

5.68
7.32
4.38
5.14
5.86

5.75
7.38
4.37
5.06
6.19

5.59
7.29
4.23
4.91
5.93

5.73
7.60
4.28
5.11
5.93

6.25
8.14
4.88
5.54
6.45

6.38
8.27
5.05
5.63
6.56

5.78
6. 94
5.27
5.26
5. 63

5.37
(i. 39
4.71
5.03
5. 34

5.01

4.82

4.55

4.57

4.59

4.65

4.61

4.48

4.92

5.24

5.69

3.38

3.65

3.57

3.54

3.54

3.55

3.48

3.39

3.47

3.58

3.55

.19

.22

.14

.03

.04

.07

.01

1.34

703,219 «S05, 600
205, 900 «248, 600

392, 490
143,900

437,440
125,000

621, 654
167, 300

438, 032
130, 500

546, 439
120, 200

863, 492
270,600

387, 200
145, 400

158, 200 a183, 000
16, 500 a 21, 400
3,000
a 4, 700
557, 319 557, 000

105,900
9,000
3, 500
248, 590

103,000
7,300
3, 200
312, 410

140,900
10, 400
4 000
454; 354

104,000
7,500
2, 500
307, 532

102,800
5,900
2,000
426, 239

225,000
10, 500
4,100
592, 892

116,211
105,160
11, 051

122, 561
113, 820
8,741

246,113
226,892
19, 220

156, 599
154, 009
2,590

133,344
126,878
6,468

264,189
243, 592
20, 597

205, 769
190, 508
15, 261

972.4
923. 63

1,216.5
927.11

1,163. 6
928. 42

1,148. 9
928. 67

1,146. 7
928. 12

1,126.8
925. 58

1.05
3.99
.73
1.66
2.19
.86

I 31
4.78
.99
1.95
2.35
1.12

1 25
4.78
.94
1.87
2. 35
.81

1 24
4.78
.93
1.89
2.30
.81

1 21
4.78
.92
1.89
2 30
.81

100.4
34.7
51.7
88.46
135. 84
41.09
80.4
83.5
97.5
52.6

46.2
18.6
16. 1
40.18
66.87
13.50
35.9
35.8
55.4
15.6

67.5
29.1
29.4
61.70
98.07
25. 33
53.3
51.5
84 2
29.2

72.6
35.3
32.3
65. 35
101. 58
22. 13
58 2
55.8
91.4
34.5

Banks, N.Y. (20)
1926=100
60.9
Fire insurance (20).
1926=100
60.0
Sales, N.Y.S.E
thous of shares
120, 300
Value, and shares listed, N.Y.S.E.:
Market value all listed shares.mills. of dolls._ 32, 762
1,281
Number of shares listed .
millions
Yields:
Common, Standard Statistics (90)..percent..
3.02
2.76
Industrials (50)
percent—
4.09
Public utilities (20)
_
percent2.58
Railroads (20)-.
percent..
Preferred, Standard Statistics:
6.22
Industrials, high grade (20)
—percent—
Stockholders (Common Stock)
American Tel. & Tel. Co., total
number—
Foreign
number
Pennsylvania Railroad Co., total
number
Foreign
number
U.S. Steel Corporation, total...
number..
Foreign
number
Shares held by brokers
percent of total

43 2
26.9
23,056

64.8
43. 4
82, 649

20,495
1,315

Prices:
Stocks
Dow-Jones:
Industrials (30)
Public utilities (20)
Railroads (20)__
New York Times (50)
Industrials (25)
Railroads (25).
Standard Statistics (421)
Industrials (351)
Public utilities (37)
Railroads (33)

* Revised.




dolls, per share..
dolls, per share..
dolls, per share
dolls, per share
dolls, per sharedolls, per shares1926=100
1926 = 100
1926=100
1926=100..

5.35

5. 09

3.47

3. 40

.45

.29

.07

430,351
140,000

561, 279
136,850

428, 449
153, 884

573,529
134, 350

118, 500
8, 000
4,900
241,800

117, 500
11, 300
3,300
290,351

100,300
11,500
2,600
424,429

146, 000
1, 425
2, 674
274,565

115.800
2, 950
3, 000
437, 179

164, 840
140, 343
24, 497

222, 244
206,328
15,916

162,468
158, 000
4,468

130, 607
124,823
5,784

218, 591
199,362
19, 229

211,890
191,066
20, 824

1,119.7
925. 25

1,112.9
924. 21

1, 070. 3
924. 39

1,024.9
922. 56

1, 006. 2
923. 32

976. 0
923. 36

965. 4
923. 29

1.22
4.79
.90
1. 89
2.34
.81

1.21
4.79
.89
1.89
2.31
.81

1 20
4.78
.88
1.89
2.31
.86

1 16
4! 78
.82
1.78
2. 31
!86

1 11
4.36
.78
1.76
2 25
.86

1 09
4! 32
. 77
1.66
2.19

1.06
4.32
.72
1.66
2.19
.86

1.05
3. 99
. 72
1. 66
2.19
.86

63.5
28.2
28.3
56.17
90.07
22.29
49 9
47.7
80 6
27.5

62.1
27.6
27.4
57.63
92.71
22.56
47. 5
45.4
77.6
25.5

59.1
27.1
26.2
55. 05
89.54
20.58
47 4
44.8
79 6
25.7

62.7
28.0
28.1
58. 65
94.81
22.50
49.1
46.2
81.8
27.6

56. 1
23.9
26. 9
52.99
84.55
21.43
44. 9
42.5
73 1
2k7

57.6
21.8
27.4
53.17
85.07
21. 27
43 2
41.6
67.0
25.6

65. 0
21.6
27.4
60.09
97.20
22. 97
47. 5
48.8
63. 5
26.3

81.6
27.7
37.6
74.59
118.40
30. 79
62.9
65. 3
79.2
37.5

94.1
34.1
44.2
85.26
134.53
36. 01
74.9
77. 3
96.9
44.0

73.5
47.3
67, 424

66.3
43.1
29,188

63.3
41.7
23,038

65.8
41.4
23, 208

67.9
44. 0
18, 720

63. 5
42* 5
19, 320

49.2
38.1
20, 089

47.2
37.8
52,901

53.1
50.4
104, 229

60.7
55.7
125, 627

27, 783
1,312

26, 735
1,311

23,441
1, 312

22, 259
1,312

22, 768
1,312

23, 073
1,303

19,701
1, 296

19,915
1,293

26,815
1,294

32, 473
1,294

36, 349
1,285

8.85
8.80
8.75
9.91

5.65
5.75
5.74
4.47

4.91
5.22
5.03
2.51

5.73
6.08
5.64
3.11

5.84
6.12
5.87
3.33

5.68
6.00
5.61
3.28

5.42
5.78
5.28
3.05

6.10
6.36
6.10
4.13

6.30
6.25
6.82
5.22

5. 58
5.24
6.83
5.12

3.99
3.67
5.18
3.59

3.27
3.02
4.12
3.06

8.22

7.11

6.88

7.02

7.19

7.34

7.17

7.32

7.52

7.32

6.78

6.38

705, 501
7,348
251 041
3 3^7
189, 981
3,140
14.27

t Revised series. For earlier data see r>. 19 of the April 1933 issue.

701,037
7,507
250, 506
3,323
190,853
3,155
15.21

!se

0

700, 212
7 554
248 688
3 310
193,140
3,192
16.07

' New series. See p. 20 of the June 1933 issue for earlier data.

690, 886
7,564
244, 295
3, 279
187,477
3,151
17.91

SURVEY OF CURRENT BUSINESS
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

September 1933

1932

1933
July

July

1933

Decem- January FebruOctober NovemAugust Septemary
ber
ber
ber

March

April

May

June

FOREIGN TRADE
INDEXES

Value:
Exports, unadjusted.-.^
1923-25=100..
Exports, adjusted for seasonal..1923-25=100..
Imports, unadjusted
1923-25=100..
Imports, adjusted for seasonal.-1923-25=100..
Quantity, exports:
Total agricultural products
1910-14=100..
Total, excluding cotton
1910-14= 100..

38
43
44
48

28
32
25
27

29
31
28
29

35
33
31
32

40
33
33
32

37
32
32
32

35
33
30
30

32
31
30
29

27
29
26
26

28
28
29
26

28
29
27
25

30
32
33
32

80
51

63
59

64
60

90
66

126

120
85

116
67

97

71
58

67
59

59
51

71
47

73

32
36
38
40

VALUE §
Experts, incl. reexports
thous. of dolls.. 144,197 106,830 108, 599 132,037 153, 090 138,834 131,614 120, 630 101, 530 109,032 105,219 114, 243
By grand divisions and countries:
2,335
2,632
3,374
2,609
2,864
2,809
3,055
3,262
3,205
2,509
3,431
2,462
Africa
-thous. of dolls..
25,967 27,717 30,177
Asia and Oceania
thous. of dolls.. 30,127
21,191
18,810
22,180
25,272
20,171
22,684
17,823
20,630
10, 716 13,121
15,606
11,185
7,299
9,614
6,406
Japan
thous. of dolls.. 15,046
8,267
5,707
4,927
7,803
84,816 70,163 64,421 62,218
Europe
.thous. of dolls.. 68,081 46,015 52,909
72, 628
51,099
50,321
52, 223
56, 883
10,184 11,158
10,241
8,924
7,653
7,955
8,164
France
thous. of dolls_.
8,077
8.516
5,705
9,219
10,252
15, 671 12,534
Germany
thous. of dolls.. 11, 349
6,943
8,663
15, 791
10,421
11,739
8,563
7,035
8,977
11,415
5,835
4,412
5,566
4,443
4,058
3,986
3,101
Italy
thous. of dolls.. 4,741
4,558
2,617
3,506
4,774
32,920 24,753
United Kingdom
thous. of dolls.. 24, 787
16, 775
18, 638
25,725
21,491
21,309
18,730
17,645
18, 235
18,787
20,777 18,824
12,664
11,703
13,645
14,200
North America, northern. - thous. of dolls.. 21, 300
13, 418
16, 730
19,330
19,230
19,196
20.504
18,326
13,437
12,432
11,501
13,841
13,159
Canada
thous. of dolls.. 20,927
16,433
18,953
18,846
18,731
8,091
10,125
10,412
9,296
10, 621
9,695
10,384
North America, southern. _thous. of dolls.. 11,723
10, 364
9,536
8,364
8,224
2,905
3,208
2,907
2,682
2,173
2,967
2,852
Mexico
thous. of dolls..
3,274
3,524
2,660
2,521
2,340
8,462
South America
thous. of dolls..
7,553
6,778
7,000
9,396
10,095
8,125
8,131
7,573
7,784
7,175
9,704
3,035
2,635
2,711
2,712
2,785
1,873
2,535
2,350
Argentina
.thous. of dolls..
3,414
2,769
2,253
2,550
2,265
Brazil
thous. of dolls..
3,578
3,397
2,605
2,682
1,912
2,320
1,813
2,327
1,787
1,825
1,984
245
234
348
294
291
375
Chile
thous. of dolls..
297
373
280
260
220
456
By economic classes:
Exports, domestic
thous. of dolls.. 141,661 104,276 106,270 129, 538 151,035 136,402 128,975 118,600 99,438 106, 310 103,106 111, 883
60,517 55,326
Crude materials
thous. of dolls.. 51, 509 27,587
29,742
47,397
52,234
42,294
31,848
29,359
28,621
34,977
40.0
38.5
39.0
29.7
20.6
18.1
16.9
26.1
Raw cotton
.mills, of dolls..
15.9
18.1
32.1
36.8
12,819
13,397
11,310
13,044
Foodstuffs, total
thous. of dolls.. 15,383 15, 616 17,317 20,381 25,219 19,885 15, 961 16,178
8,614
8,610
4,367
4,663
3,244
3,524
2,510
3,024
Foodstuffs, crude
thous. of dolls_.
5,507
5,964
5,860
3,078
16,605 11,275
11,352
14,521
11,594
11,515
9,575
9,873
8,800
10,020
Foodstuffs, manuf
thous. of dolls.. 12, 305 10,109
7.9
4.8
4.6
3.8
12.2
3.9
2.9
3.8
Fruits and preparations..mills, of dolls..
4.3
4.3
5.4
9.6
4.5
5.9
4.1
4.6
4.4
5.2
4.0
4.8
4.0
4.9
Meats and fats
mills, of dolls..
4.4
5.7
3.5
2.1
2.0
1.2
2.7
1.3
1.1
Wheat and
flour
mills, of dolls..
1.0
2.9
3.4
2.6
1.1
12,868
16,867 14,589
15,742
15,831
13,242
15,292
Manufactures, semi
thous. of dolls.. 21, 359 14,119
15,869
16,507
17, 644
Manufactures, finished thous. of dolls.. 53,410 46,955 46,343 45,891 48,433 46,601 45,038 44,296 41,528 47,047
47,884
46, 218
5.0
Autos and parts
mills, of dolls..
6.2
5.1
4.9
4.4
5.1
6.5
6.3
6.9
7.4
7.4
7.5
4.6
3.8
5.4
5.1
5.3
3.9
Gasoline
mills, of dolls..
5.3
5.6
5.8
6.0
3.7
6.0
11.6
10.2
9.7
9.2
8.5
9.1
9.4
Machinery
mills, of dolls..
9.6
8.8
9.1
9.0
10.1
83,803
88,412 106,903
Imports, total
thous. of dolls.. 142,992 79,421 91,102 98,411 105,499 104,468 97,087 95,994
94,864
By grand divisions and countries:
1,990
1,412
2,502
1,946
2,616
1,514
Africa
thous. of dolls..
1,317
1,250
1,631
1,198
1,208
2,607
28,110 30,348 30,628 31,090
24,247
28,760
23,781
27,732
27,069
Asia and Oceania
thous. of dolls.. 47,796
25,439
31, 751
8,581
12,135
10.505 11,730
12,322
7,935
5,686
8,462
Japan
thous. of dolls.. 14,423
10,068
7,527
8,055
Europe.
thous. of dolls.. 43, 782 21,526 26,335 32,390 36,800 35,422
28,967
28,226
26, 794
28,192
24,421
30,805
4,510
France
thous. of dolls..
3,825
2,231
3,389
4,023
4,549
3,824
3,128
2,991
3,000
2,207
2,733
7,152
Germany
thous. of dolls..
6,380
4,752
5,212
4,873
5,612
4,727
5,113
7,466
4,464
5,698
6,754
3,900
Italy
thous. of dolls..
1,900
2,502
3,131
3,984
3,618
2,977
2,552
2,693
3,318
3,282
3,518
6,789
United Kingdom
thous. of dolls.. 12,577
6,540
4,852
4,371
5,347
5,796
5,095
8,010
4,279
5,194
6,421
14, 701 13,789
North America, northern..thous. of dolls.. 19,809
13,090
13,532
13,172
11,493
11,419
8,567
10,123
11,140
15,405
13,771 13,021 11,006
10,744
8,529
10,055
11,078
14, 800
Canada..
thous. of dolls.. 19,383
12,720
12, 741
12,507
9,624
9,334
9,079
8,197
8,684
11,490
11,678
12,697
North America, southern..thous. of dolls.. 11,541
9,078
12,870
10,623
1,942
1,819
2,285
2,575
2,303
3,046
2,517
3,586
Mexico.__
thous. of dolls..
2,461
1,748
2,062
2,425
14,853
South America
thous. of dolls.. 17,457
10,432
11,610
13,244
13,723
14,719
13,563
14,008
14,667
12,906
15,036
1,011
1,636
1,018
1,177
1,257
827
1,320
1,148
Argentina
thous. of dolls..
488
598
804
4,037
6,383
7,244
7,056
6,105
6,958
6,114
5,816
Brazil
thous. of dolls..
6,617
4,494
3,184
5,532
6,427
156
Chile..
...thous. of dolls.
260
145
271
230
194
409
438
763
222
1,680
134
By economic classes:
21,134
24, 920
27,202 27,780 28,737 27,205 21,129
23,633
27,268
Crude materials
thous. of dolls. 46,441 19,456 22,150
17,864
17,929
16,557
19, 721
19,445 19,153
17,643
18,411
13,885
17,327
Foodstuffs, crude
-thous. of dolls. 15,897 14,600
14,056 12,821
10,519
12,817
12,097
15,145
16,270
20,033
11,661
15,340
13,941
Foodstuffs, manufactured—thous. of dolls. 22,878
16,719
31,021
11,894
15,091
14,619
16,615
16,747
16,154
13,606
14,751
13,
537
18, 337
Manufactures, semi
thous. of dolls.
28,076 28,099
23,440
21,889
19,107
22,924
20,914
23, 622
24,635
25,255
Manufactures, finished thous. of dolls. 26, 755 21,810

119,809
2,727
20,625
7,720
58, 820
8,178
10, 235
4,329
22, 233
18,421
18, 069
10, 636
2,821
8,580
2,756
1,647
518
117, 523
40, 257
29.3
13,362
2,704
10, 659
2.9
5.5
1.2
18,181
45, 732
7.0
3.9
9.3

122, 262
2,243
33, 909
11,467
41,174
3,111
6,800
3,720
11,171
15, 716
15, 263
10,931
2,505
18, 289
1,772
5,158
3,788
34,301
17, 775
19, 083
27, 812
23, 290

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Express Operations
Operating revenue

thous. of dolls.

Operating income

thous. of dolls.

7,124
132

6,775
136

7,122
132

7,216
130

7,039
134

7,351
124

6,603
136

6,368
138

6.438
129

6,523
115

6,746
122

8.235
638,678
44,650

8.219
637,191
45,400

8.229
659,316
45,114

8.212
702, 854
48,647

8.235
684,096
47,600

8.235
728,015
50,459

8.192
690,837
47,384

8.192
640,635
43, 656

8.169
689,427
46,471

8.143
763, 031
45,784

8.143
693, 493
47, 401

48
51
35
21
58
39
63
5
45

51
44
27
24
76
50
65
8
54

56
47
33
30
81
51
68
21
60

Electric StreeOfcailways
8.143

Fares, average (320 cities)
cents. 620, 424
Passengers carried f
__-thousands__
Operating revenues
_.thous. of dolls
Steam Railroads

Freight carloadings (F.R.B.):
52
65
51
51
58
61
51
53
Index, unadjusted
1923-25=100..
66
77
72
74
71
63
64
49
Coal.
.1923-25=100
43
66
21
31
40
41
48
44
52
Coke
.1923-25=100_.
23
55
23
18
20
19
21
21
26
25
Forest products
1923-25 = 100.
38
57
59
56
84
82
72
63
Grain and products
1923-25=100__
83
98
64
69
59
50
53
46
45
51
Livestock
_
.1923-25=100. _
46
64
64
72
70
65
72
68
70
68
Merchandise, l.c.l
1923-25=100..
16
7
5
5
5
62
17
18
16
Ore
1923-25 = 100..
52
62
66
56
45
45
44
67
53
Miscellaneous
_
1923-25=100..
§ 1932 figures include final revisions. For revisions for January through March 1932 see issues of March, April, and May 1933.
t Revised series. For earlier data see 19 of August 1933 issue.




8. 143
697, 099
45,134

60
54
44
36
83
46
67
32
64

35

SUKVEY^OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

1932
July

1933

Decem- January
August SeptemOctober November
ber
ber

February

March

April

May

June

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Continued
Steam Railroads—Continued
Freight carloadings—Continued
Index, adjusted...
1923-25=100Coal...
1923-25=100..
Coke
1923-25=100..
Forest products.
1923-25=100..
Grain and products
1923-25=100—
Livestock
1923-25=100—
Merchandise, l.c.l
1923-25=100..
Ore.
1923-25=100Miscellaneous
1923-25=100..
Total cars 1
__thousands—
Coal
thousands..
Coke.
thousands..
Forest products
thousands. _
Grain and products
thousands..
Livestock
thousands..
Merchandise, l.c.l
thousands..
Ore
thousands..
Miscellaneous
thousands..
Freight-car surplus, total
thousands..
Box
thousands..
Coal
thousands..
Equipment, mfrs. (See Trans. Equip.)
Financial operations (class I roads):
Dividends paid. (See Finance.)
Operating revenues
.thous. of dolls..
Freight
thous. of dolls..
Passenger
thous. of dolls..
Operating expenses
thous. of dolls..
Net operating income.
thous. of dolls..
Operating results (class I roads):
Freight carried 1 mile
mills, of tons..
Receipts per ton mile
.cents..
Passengers carried 1 mile
millionsWaterway Traffic
Canals:
Cape Cod
thous. of short tons..
New York State
..thous. of short tons..
Panama, total
thous. of long tons..
U.S. vessels
thous. of long tons..
St. Lawrence—_
thous. of short tons..
Sault Ste. Marie
thous. of short tons..
Suez
thous. of metric tons—
Welland
thous. of short tons—
Rivers:
Allegheny
thous. of short tons—
Mississippi (Government barges)
thous. of short tons—
Monongahela
thous. of short tons—
Ohio (Pittsburgh to Wheeling)
thous. of short tons—
Ocean traffic:
Clearances, vessels in foreign trade
thous. of net tons..
Foreign
thous. of net tons—
United States
thous. of net tons—
Shipbuilding. (See Trans. Equip.)
Travel
Airplane travel:
Passengers carried*
number. _
Passenger miles flown* thous. of miles—
Hotel business:
Average sale per occupied room
dollars..
Rooms occupied
_
percent of totalForeign travel:
Arrivals, U.S. citizens
number..
Departures, U.S. citizens
number..
Emigrants
number..
Immigrants
—
number..
Passports issued
number..
National parks:
Visitors...
number..
Automobiles
number..
Pullman Co.:
Passengers carried
thousands—
Revenues, total
thous. of dolls..

65
75
63
39
82
55
70
34
64
1,109
561
33
134
225
75
832
110
,139
393
216
117

49
-2,421
361
13
73
185
72
816
«30
872
764
387
304

237,813
179,910
32, 713
191, 752
11,597

839
6,050
1,121
291

51
51
25
20
68
57
68
10
48
2,065
338
11
62
154
67
676
28
728
708
377
261

54
59
32
24
68
54
69
10
52
2,245
414
14
69
148
81
681
24
813
599
324
210

57

57
68
39
25
65
52
RQ
oy
12
56
3,158
676
24
95
174
117
893
32
1,148
545
314
171

10
57
2,195
491
19
64
111
76
666
12
756
622
353
198

252,102 272,473 298,462
194,987 214, 599 244,074
31,385 30, 481 26,179
189,631 189,377 200,147
49,647 63,839

253,575
203,146
24,859
189,667
34,179

66
40
24
59
51
Do

58
69
45
22
59
50
69
20
57
2,487
626
28
66
132
83
777
9
765
647
376
196

56
56
40
22
61
50
69
20
57
1,910
429
21
55
106
69
613
7
610
692
381
233

54
65
45
19
58
49
66
20
51
1,958
492
25
55
101
62
618
598
650
368
206

50
55
35
20
69
45
62
23
47
1,841
366
18
59
104
52
624
8
611
681
362
244

246,062 226,555 211,613
188,164 179, 239 168,790
30, 202 26,654 23,585
188, 205 181,680 170,864
32,857 13, 266
9,855

217,599
174,916
21,886
175,295
10,548

7

56
52
33
28
99
54
66
14
57
2,128
318
15
83
148
66
661
31
805
553
281
204

60
63
44
34
95
54
67
18
61
2, 265
362
20
100
147
62
654
44
876
454
242
148

224,877 255,256
180,212 207,490
22,920 23,911
173,296 181,584
19,041 40,693

278,311
223, 236
30, 981
185,325
59,483

53
53
29
22
99
53
63
17
52
2,505
397
17
86
177
82
803
16
926
619
314
237

19,065
1.051
1,613

20,046
1.065
1,556

22,706
1.029
1,529

26,344
1.010
1,231

21,754
1.020
1,156

21,102
.978
1,380

19,986
.995
1,167

19,117
.977
1,045

19, 357
1.009
997

19,831
1.012
1,088

21,732
1.046
1,170

23, 712

214
376
1,260
576
•818
2,638
« 1,960

214
528
1,349
650
938
3,095
1,893
1,162

215
478
1,347
638
1,061
3,807
1,768
1,292

235
554
1,582
723
1,014
3,924
2,171
1,252

224
588
1,532
682
751
2,877
2,021
1,087

224
0
1,622
587
51
215
2,177
147

200
0
1,464
560
0
0
2,225
0

158
0
1,435
623
0
0
1,983
0

192
0
1,738
724

212
183
1,528
302
352
696
2,289

245
542
1,630
783
835
3,490
2,142
1,109

207
479
1,691
779
994
3,582
1,816
1,239

148

127

170

150

110

95
697

109
796

113
763

94
776

81

534

494

434

465

• 1,032
109

0
0
2,468

0

81

92

115

168

283

72
683

79
701

776

113
1,022

110
1,397

400

357

456

576

827

134
1,561

107

100
601

732

367

430

446

5,879
3,807
2,071

6,191
4,053
2,138

5,902
3,747
2,155

5,325
3,305
2,020

5,019
3,084
1,936

4,299
2,701
1,598

4,226
2,633
1,594

4,050
2,460
1,590

4,528
2,861
1,667

3,326
1,782
1,544

5,129
3,259
1,870

5,515
3, 530
1,985

61,504
21,417

53,759
14,775

57,995
15,936

52,829
14,586

38,548
11,192

30,671
0,102

22,889
6,913

24,300
7,854

24, 506
7,633

24,945
8,070

29, 557
9,365

38,543
12, 629

54,247
18,861

2.84

3.09
45

3.24
46

3.16
48

3.12
53

3.13
50

2.98
47

2.98

2.80

51

45

2.85
48

2.71
51

2.83
47

28,006
59,298
11,328
2,079
15,967

54,070
57,887
8,783
2,719
10,163

60,258
38,368
8,856
3,129
8,039

28,058
28,854
7,788
2,388
6,133

14,879
22,129
8,031
2,006
6,007

13,259
20,461
8,040
1,846
4,838

2.94
54
14,159
19, 792
5,019
1,511
5,742

17,005
19, 097
4,345
1,277
4,945

18, 414
16,682
4,287
1,393
6,480

18,539
16,012
4,409
1,300
9,744

20,029
17,727
4,002
1,694
17,428

18, 325
22, 238
10,414
1,726
23,563

440, 728 502,762 488,562 211,601
117,750 133,025 125,973 57,226

69,454
19,838

36,290
7,947

27,343
5,662

36,463
6,226

43,379
6,496

40, 969
5,734

66,313
11,326

92, 518
21, 733

229,496
59,924

1,276
3,608

1,323
3,475

1,339

1,158
3,127

1,078
2,902

1,248
3,294

1,158
3,208

952
2,784

872
2,643

974
2,880

951
2,711

1,201
3,608

82,187
56,710
18,566
57, 291
15,991
15,815

82,690
55,911
19,857
56, 976
17,048
15,592

82,588
56,119
19, 537
55,180
18,743
15,498

83,045
57,094
19,093
55,390
18,966
15,379

80,679
56,356
17,575
55, 444
17,061
15, 261

81,904
56,500
18, 507
56,175
18, 540
15,142

79,726
56,011
17,016
58,215
14,024
15,015

76,061
53,962
15,512
55,559
13,102
14,902

78, 925
54, 615
18,155
57,387
14, 254
14, 779

78, 053
54,116
17,442
55,653
14, 897
14,676

80, 797
54, 706
19, 502
57,297
15,996
14,589

80,704
54,104
19,832
56,193
16,201
14, 483

7,788
5,844
7,918
<*516

6,545
7,646
602

8,728
6,534
7,521
818

8,229
6,205
7,494
349

7,706
5,697
7,425
'104

8,352
6, 334
7,010

7,317
5,529
7,117
<*194

6,976
5,250
6,605
<*346

8,827
6,841
7,055
1,375

7,992
6,133
6,655
938

9,169
6,952
6,945

9,557
7,289
7,790
1,309

COMMUNICATIONS
Telephone (class A companies):
Operating revenues
thous. of dolls..
Station revenues
thous. of dolls..
Tolls, message
thous. of dolls..
Operating expenses
thous. of dolls..
Operating income
thous. of dolls..
Stations in service, end of mo
thousandsTelegraphs and cables:
Operating revenues..
thous. of dolls..
Commercial telegraph tolls.thous. of dolls..
Operating expenses
thous. of dolls..
Operating income
thous. of dolls..j




1 Data for July, October, December 1932, April and July 1933 are for 5 weeks; other months 4 weeks.
* New series. Covers scheduled airlines operating in United States. Earlier data not published.
• Revised.
* =deficit.

1,817

36

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

September 1933
1933

1932
July

Decem- January FebruAugust SeptemOctober November
ber
ary
ber

March

April

May

June

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Alcohol:
Denatured:
Consumption (disposed of)
thous. of wine gal__
Production
thous. of wine gal._
Stocks, end of months.,thous. of wine gal._
Ethyl:
Production
thous. of proof gal._
Stocks, warehoused, end of month
thous. of proof gal..
Withdrawn for denaturing
thous. of proof gal..
Methanol, wood distilled:
Crude:
Production *
_
_
.gallons.. 210,709
Stocks, total *
gallons.. 285, 619
Refined:
Exports
gallons.. 93, 833
.37
Price, wholesale, N.Y
dolls, per gaL.
Production *
gallons.. 153,199
Shipments *
.gallons.. 108, 623
Stocks, end of month *
gallons.. 360,251
Methanol, synthetic:
Production
_
.gallons.. 561, 918
Shipments
gallons.. 732,735
Stocks, end of month
gallons.. 1,273,512
Explosives:
Orders, new
thous. of lb._
Production
thous. of lb..
Shipments
thous. of lb_.
Stocks, end of month
thous. of lb_.
Sulphur and sulphuric acid:
Sulphur, production (quarterly).Jong tons..
Sulphuric acid (104 plants):
Consumed in prod, of fertilizer.short tons..
Price, wholesale 66°, at works
15. 50
dolls, per short ton..
Production
...short tons
Purchases:
From fertilizer mfrs
short tons
From others
_
short tons
Shipments:
To fertiliser mfrs
.short tons
To others
short tons

5.253
6,203
5,461

8,679
8,172
5,016

7,000
6,633
4,639

7,041
7,255
4,841

6,277
4,917
3,468

5,328
4,616
2,750

4,519
3,614
1,839

3,758
3,909
1,988

3,900
4,147
2,230

3,654
3,682
2,256

4,818
4, 915
2, 349

4,662
4,890
2,570

11,908

12,365

13, 355

13,140

7,391

5,278

6,014

9,084

8,229

9,012

9,149

10, 683

20,071

18,079

18,780

19,154

18,020

16,140

14,782

15,922

16,639

19,186

19,094

20,382

9,924

13,780

11,906

11,905

8,011

6,722

5,969

6,691

7,013

6,071

8,264

8, 688

256,826 268,064 174, 201 184,921
281,484 288,198 271,914 253, 499

179, 368
317,110

60,123 134, 564 79,714 83, 731 62,156 112,122 62,613 233,754 147, 338 59, 621
.37
.37
.37
.37
.37
.37
.37
.37
.37
.37
150,686 102,448 197,534 140, 584 173,636 165,860 117,236 124,086 82,846 95,365
145,724 92, 220 159,491 195,065 196,786 59, 546 90,285 93, 848 105, 559 105, 578
247,535 257,763 295,806 241,325 218,175 324,489 351, 440 381, 678 358, 965 348, 752

33,100
.37
98,131
131,203
315, 680

111,113
558,374
47, 733
.37
83,534
117,248
242,573

98, 872 98,108 188, 405 290, 557 303,026 312,481
477,538 329, 507 253,055 273, 701 228,867 297,163

793,639 792,641 697,890 571,372 531,635 643.598 352,748 324, 527 178,232 425, 333 366,015 559,002
294,911 461,299 550,862 958,909 819,251 587, 406 512,781 625, 484 665, 702 576, 646 761, 369 830, 220
3,351,265 3,682,607 3,829,635 3,442,098 3,154,482 3,210,674 3,050,641 2,749,684 2,262,214 2,110,901 1,715,547 1, 444, 329
14,473
12, 563
13,918
16,192

17, 607
17,903
18, 956
15,187

20,867
19,557
20,152
14, 548

22,122
22, 624
23,011
14,213

19, 074
20, 753
20, 054
14,912

194,471

17,998
17,930
17,807
15,020

17,129
17, 777
17, 520
15, 545

15,437
16,008
16,424
14,935

15,435
15,804
14,986
15,307

15, 006
16, 005
15, 502
15,711

14,975
15,781
15,449
16,033

17, 886
17,271
18.213
13,759

188,607

116,478

102,886

71, 649

67,162

50, 895

233,233

100,446

87, 500

76,573

15.50
15.50
119,350 114, 618

15.50
99,825

15.50
79,328

15.50
73,900

15.50
90,605

15. 50
75, 546

13, 794
15,002

10, 625
9,987

14,641
26, 538

14,063
21,675

12,222
14, 487
14, 065
23,612

7,311
8, 247
13,194
37, 278

8,071
11,667

15,284
24,363

10,309
8,544
14,439
19,751

14,372
31,119

85
71,136
18,185
52, 314
73
47,956
30, 760
48
4,878
7,128

205
56,163
8,829
44,128
14
94,313
55, 281
405
5,956
24,968

298
59,894
7,836
50,143
80
90,349
65,457
2, 516
4,539
17,998

825
119
235
85,481 69, 580 60,349
9,485
5,987
4,239
73,165 63, 621 52,479
55
104
57
97, 507 102, 204 101,085
61,535 70,934 59,561
106
8,431
66
5,814
3, 486
3,934
21,885 20, 537 22,714

43
85,534
7,625
71,624
166
105,083
72,190
29,921
5, 246
19,107

1.295
1. 345
1.305
1.295
1.295
1.295
1.270
1.770
1.633
1.220
1.240
69,813 112,919 117,175 150,018 209, 476 224, 794 ! 227,154 188, 631 187,114 158, 890 177, 649
7, 892 16,188 31,561 155, 402 265, 511 94, 066
10, 774 12, 275 80, 779 47,338 13, 028
852, 587 868, 657 853,035 874,042 979,903 1,076,520 1,089,429 1,066,567 897,888 521, 297 477,497

130, 271
21, 508
514,853

52, 272

53, 259

74,813

99,615

15.50
45, 393

15.50
58, 345

15.50
61,152

15.50
84,471

15.50
115,684

7,514
13,677

12,404

11,846
4,652

16, 224
9,158

14,702
13,429

17, 583
9,830

4,478
14,242

5,720
24,380

7,139
23,261

10,920
23, 579

10,165
22,805

14
60,359
7,633
51, 721
306
49, 985
26, 637
11
3,514
18,172

40
52,926
15, 234
36, 708
172
57, 530
26, 208
0
4, 063
23,650

64, 701
32, 606
30,005
374
88, 006
44,817
517
3,220
33,534

67, 268
20, 679
44,204
50
91,619
42,831
13
9,506
30,000

60
71, 724
13, 833
50, 299
65
85, 206
48,627
4,887
4,888
24,478

32, 590

FERTILIZERS
Consumption, Southern States
thous. of short tons.
Exports, total§
long tons.
Nitrogeneous§
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 percent, N.Y.
dolls, per cwt_
Superphosphate, bulk:
Production
short tons.
Shipments to consumers..
short tons.
Stocks, end of month
short tons.
NAVAL STORES
Pine oil:
Production
gallons.
Rosin, gum:
Price, wholesale " B , " N.Y—dolls, per bbL
Receipts, net, 3 ports
bbl. (5001b.).
Stocks, 3 ports, end of month-.bbl. (500 lb.).
Rosin, wood:
Production.!
.bbl. (5001b.).
Stocks, end of month
...bbl. (500 lb.)_
Turpentine, gum:
Price, wholesale, N.Y
dolls, per gaL
Receipts, net, 3 ports
-bbl, (50 gal.).
Stocks, 3 ports, end of month.bbl. (50 gal.).
Turpentine, wood:
Production
__.bbl. (50 gal.)
Stocks, end of month
_.bbl. (50 gal.).

18
81,140
6, 579
70, 7S9
250
81, 207
38, 490
5,303
2,949
38,053
1.315

201,608

^ 5*16
123,977
234, 578

3.41
3.23
3.65
3.55
104,904 99,148 83,484 75,153
371, 797 386, 664 356, 985 335,301

^41,033
161,785

30, 076 31,141 31,155
104,448 104,990 102, 422

189,132 231,115

199,202 233, 286 186, 598 202, 929 184, 760 208,133

215,130

4.10
2.89
3.28
3.44
3.01
2.89
76, 804 71, 458 35, 064 30, 639 35, 796 63, 372 110,450
346,908 332, 613 295,859 263, 270 237, 350 212, 526 227, 022
31, 308 29, 220 31,188 25, 583 26, 597 24, 926 31,045
98, 048 100,053 104, 771 104, 223 98, 615 86,406 70,934
.47
.46
.43
.42
.45
.45
.45
6,710
2,826
18,125 15,979
6,283
18,176 32,359
91,212 91,971 84,096 74,894 63,679 59,212 67,117

4.30
121,946
219, 882

5,028
6,981

5,514
7,242

195,248 227,273

"271,014

33,132
96,367

.51
35, 265
70,451

.41
29, 723
82, 532

.42
27, 770
86, 467

22,811
82, 364

.46
19, 362
82, 503

6,516
5,673

4,878
7,412

4,861
6,930

5,020
7,054

5,202
8,312

1.345

5,454
10,602

5,070
13,112

4,975
14,194

4,175
14,399

4,255
12,387

3,831
10,863

35,163
63,058
.46
35,549
G4, 824

OILS, FATS, AND ANIMAL
BYPRODUCTS
Animal fats and byproducts (quarterly):
Animal fats:
Consumption, factory
thous. of lb_.
Production
thous. of lb_.
Stocks, end of quarter
thous. of lb
Animal glues:
Production
thous. of lb
Stocks, end of quarter
thous. of lb
Gelatin, edible:
Production
thous. of lb
Stocks, end of quarter
thous. of l b . .
* New series. For earlier data see p. 20 of the April 1933 issue.
§ Data for 1932 revised. See p . 36 of the June 1933 issue.




171,011
474, 719
240,524

149,864
570,199
235,326

11,755
73,954

14,085
72,856

1,300
8, 508

3,511
9,107

138, 652
598,610
283, 313

173, 578
641, 744
375, 650

4,937
10,751

3,180
9,822

37

SURVEY OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

1933
July

1933

Decem- January
October NovemAugust September
ber
ber

February

March

April

May

June

CHEMICALS AND ALLIED PRODUCTS—Continued
OILS, FATS, AND ANIMAL BYPRODUCTS—Continued
Animal fats and by-products—Continued
Greases:
Consumption, factory
thous. of lb
Production..
_
thous. of lb__
Stocks, end of quarter
thous. of lb._
Lard compounds and substitutes:
Production
thous. of lb_.
Stocks, end of quarter
thous. of lb.
Fish oils (quarterly):
Consumption, factory
thous. of lb.
Production
_
.thous. of lb
Stocks, end of quarter
thous. of lb_.
Vegetable oils and products:
Vegetable oils, total:
Consumption, factory (quarterly)
thous. of lb
Exports
thous. of lb_.
Imports §
thous. of lb__
Production (quarterly)
thous. of lb__
Stocks, end of quarter:
Crude
thous. of lb.
Refined
thous. of lb.
Copra and coconut oils:
Copra:
Consumption, factory (quarterly)
short tons.
Imports
_
short tons..
Stocks, end of quarter
short tons.
Coconut or copra oil:
Consumption, factory:
Crude (quarterly)
thous. of lb__
Refined, total (quarterly)
thous. of lb_.
In oleomargarine
thous. of lb__
Imports
thous. of lb.
Production (quarterly):
Crude
thous. of lb.
Refined
thous. of lb.
Stocks, end of quarter:
Crude
thous. of lb
Refined
thous. of lb_.
Cottonseed and products: f
Cottonseed: f
Consumption (crush)
short tons..
Receipts at mills
short tons..
Stocks at mills, end of month.short tons..
Cottonseed cake and meal: t
Exports*
_
short tons..
Production
short tons..
Stocks at mills, end of month.short tons..
Cottonseed oil, crude: f
Production
thous. of l b . .
Stocks, end of month
thous. of lb__
Cottonseed oil, refined:
Consumption, factory (quarterly)
thous. of lb.
In oleomargarine
thous. of lb__
Price, summer yellow, prime, N . Y.
dolls, per lb_.
Production!
thous. of lb._
Stocks, end of m o n t h !
thous. of lb_.
Flaxseed and products:
Flaxseed:
Imports, United States
thous. of bu__
Minneapolis and Duluth:
Receipts
thous. of bu_.
Shipments
thous. of bu__
Stocks, end of month
thous. of bu_.
Oil mills:
Consumption, quarterly.thous. of b u . .
Stocks, end of quarter...thous. of bu._
Price, no. 1, Minn
dolls, per bu_.
Production, crop estimate, thous. of b u . .
Stocks, Argentina, end of month
thous. of bu._
Linseed cake and meal:
Exports
thous. of lb_.
Shipments from Minneapolis
thous. of lb._
Linseed oil:
Consumption, factory (quarterly)
thous. of lb__
Price, wholesale, N.Y
dolls, per lb_.
Production (quarterly)
thous. of lb._
Shipments from Minneapolis
thous. of lb._
Stocks at factory, end of quarter
thous. of lb._
Lard compound:
Price, tierces, Chicago*
dolls, p e r l b . .
Oleomargarine:
Consumption (tax-paid withdrawals)
thous. of lb._
Price, standard, uncolored, Chicago
dolls, per l b . .
Production
thous. of lb._

1,744
65, 624

2,815
61,377

867
55, 978

50, 047
74,640
69,162

48, 575
80, 058
72, 013

44,889
79, 411
71,894

59,535
89,974
75,634

276,916
24,480

225,932
26, 265

203, 564
25,020

245,010
21,792

38,943
36, 722
195,886

36,817
28,682
197,290

29, 741
18,197
J 81,374

41, 795
6,602
149,105

506,351
2,029
43,971
418, 363

5,516
41,085

538,909
532, 231

46,581

10, 750
13, 026

13, 283

6,881
23, 605

14,482

9,621
15, 698

42, 067
16, 397
9,448

837, 087

6,356
66,191
798,395

7,406
75,298

6,627
40, 237

575,970
763, 781

23, 362

25,049

56,959
26, 772
28,084

660, 362
4,697
69,913
600,825

18, 009

27, 300

59, 225
14,852
24,571

127,640

120, 207

62, 3S0
10,425
17,335

67, 701
12,234
26,110

69, 426
13,498
29,651

11,920
9,442

11,936
14,912

53, 015
57, 350

13,434 I 10,706
28,136 j 13,148

70,819
59,847
120, 928
14,227

145, 339
13, 004

161, 560 90,262 151,193 873, 033 711,236 673,397 483, 290 419, 354 440, 333
65,679 38,173 119,936 968,757 1,258,516 892,182 381,139 300, 753 198, 291
220,883 300,024 265, 372 666,877 1,214,157 1,432,942 1,328,607 1,211,440 969,398
961
74,237
160,631

2,119
41, 208
114,656

3,030 12,622 25, 702 18,430
70, 271 256,555 319, 695 302,815
97,481 201, 421 308,788 367, 661

51, 745
52, 444

29, 281
29, 524

45,539 173,198 218, 949 208,238
28, 315 103,100 133, 875 147,746

1,274

931

283, 700
1,292

,
216,133
366, 626
151, 315
143,835

2,357
55,039

2,243
82,720

664,447
839,933

130, 032

701,039
1,234
87,056
432,308
488,679
769,898

15, 754

24, 895

62, 805
27, 257
23, 779
141,082

12, 788
20,210

12,272
32, 677

72,476
8, 715
29, 776

76,028
61, 785

79,942
68,389

138, 551
14, 382

138, 024
16,815
249, 267
95,100
594.997

219, 024
71,921
447,894

171,669
40, 659
316,764

4,564
115,602
221, 453

5,373
100,631
207,175

50
79,975
197,902

21,941 23,873
190,943 198, 762
342, 565 332,624

,
148,382
749,164
5,039
167,464
286,197

130, 699
146,688

139,178
159,060

116, 668
161, 246

80,163
122, 517

73, 324
81, 279

56,347
63, 759

229, 799
1,378

1,519

1,467

1,274

209,942
1,408

1,382

1,491

262,648
1,379

.064
.045
.045
.037
.040
57,450 47,775 38,273 81,183 165,906 187, 047
676,163 628,420 525, 303 503,199 581,583 670,558

.035
133, 618
730,492

.036
112, 212
759,730

.035
113,517
802,125

.037
107, 938
807,376

.040
97,615
804, 201

.050
107, 508
779,447

. 056
70, 512
737, 849

1,241

1,270

1,391

103

20

603

437

384

914

368

570

732

221

806

1,056

244
254
875

175
306
763

2,486
519
1,565

2,845
1,427
3,265

1,548
1,700
2,109

729
1,340
1,200

434
293
1,210

399
393
1,023

101
126
1,026

107
153
950

179
235
1,037

524
267
912

641
334
960

1761

3,739
2,663
1.11

1.13

1.06

4,998
3,121
1.09

1.16

1.10

4,365
1,646
1.13

1.28

1.43

4,268
854
1.72

«7,797

'11,787

4,724

7,480

7,087

5,906

3,937

3,937

38,382

30,536

19,372

5,923

22,116

17,797

8,651

7,610

12,960

14,338

11,367

8,411

.108

.056

.055

51,575
.061
68,503

.063

.067

5,861

3,433

4,752

7,257

4,849

4,007

5,512

5,512

6,299

6,693

8,268

7,087

26,690

22,799

17, 291

20, 518

17,676

26,862

8,297

6,410

8,693

9,564

10,799

7,792

43,833
.069
90,987

.073

.072

39, 021
.075

.078

.087

76,975
.094
79,035

2,510

4,108

3,462

8,152

8,770

5,512
14,753
8,576

79, 595
4,405

121,775

97,496

.095
18, 406

.065

.069

.074

11,360

15, 020

16,211

.091 I .093
11,408 I 16,016

.095
17,128

7,855
86,926

.063

.060

.059

.059

141,105
.060

.063

.073

.075

19,391

20,048

18,269

22,920

15,498

23,106

18,358

19,578

15, 578

.095
19, 528

.095
19,166

.095
20,142

.095
21,023

.080 I
.077
17,246 | 21,387

.081
20,439

.094
20,031

.095
15, 530

• As of Aug. 1.

/As of Dec. 1.
t For revisions of the year ended July 1932, see p. 20 of the February 1933 issue.




3,961
50,631

* New series. Earlier data not published.
§ Data for 1932 revised. See p. 37 of the June 1£33 issue.

38

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

September 1933

1933
July

1933

Decem- January FebruAugust SeptemOctober November
ber
ber
ary

March

April

May

20,343
13,319
4,672
8,647
7,025

27, 574
17,805
6,053
11,752
9,768

June

CHEMICALS AND ALLIED PRODUCTS—Continued
PAINTS
Paints, varnish, and lacquer products: #
Total sales (588 estab.)
thous. of dolls.
Classified (315 estab.)
thous. of dolls.
Industrial
thous. of dolls.
Trade
thous. of dolls.
Unclassified (273 estab.)..-thous. of dolls.
Plastic, cold-water paints, and calcimines:
Calcimines
Plastic paints
Cold-water paints

dollars.
..dollars.
dollars.

PYROXYLIN PRODUCTS
Rods:
Production*
thous. of lb.
Shipments*
thous. of lb.
Sheets:
Production*
thous. of lb.
Shipments*
thous. of lb.
Tubes:
Production*
thous. of lb.
Shipments*
thous. oflb.
ROOFING
Dry roofing felt:
Productionshort tons.
Stocks, end of month
short tons.
Prepared roofing, shipments:
Total
thous. squares.
Grit roll
thous. squares.
Shingles (all types)
thous. squaresSmooth roll
thous. squares.

6,610
4,986

13,260
8,796
3,599
5,197
4,464

10,128
6,730
3,223
3,507
3,398

11,946
7,694
3,530
4,164
4,252

12,346
8,184
3,417
4,767
4,161

14,436
9,174
3,385
5,799
5,253

117,732
68,485
48,150

113,493
65,529
47,344

129,064
42,228

65,660
50,170
30,756

60,047
74,379
37,214

75,988
104,789
42,320

99,810
86,440
44,159

142
126

155
163

144
154

72
105

76
119

81
102

65
91

105
132

163
127

540
691

802
941

135
188
940
1,007

839
818

713
787

635
753

535
687
18
33

594
804

984
955

14
29

597
688
23
26

5,460
4,864

11,100
5,146

14,168
4,959

16,477
4,454

20, 741
3,701

19, 678
5, 472

840
191
113
535

1,694
348
323
1,022

2,731
525
522
1,685

2.267
522
470
1,275

• 2,804
« 691
1,441

2, 026
552
435
1, 039

14,430
9,852
3,793
6,059
4,578

16,032
10,770
3,851
6,919
5,263

16,806
11,198
3,981
7,217
5,608

15,592
10,607

75,228
82,639
45,281

102,299
64,229
54,028

65

389
541

52

2,700
662
617
1,421

12,136
4,909

18,474
4,078

22,781
3,717

17,778
3,706

9,450
4,662

• 1,707
«389
°451
«867

2,837
672
707
1,457

3,103
764
878
1,461

2,573
630
656
1,287

1,202
271
192
739

7,604
4,827
621
141
118
362

116,523 181, 543 152, 678
88,071 114,546
113,739
61,314 • 84, 241 83,287

26
27

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 f
mills, of kw.-hrs..
By source:
Fuels
mills, of kw.-hrs..
Water power
mills, of kw.-hrs—
By type of producer:
Central stations
mills, of kw.-hrs..
Street railways, manufacturing plants, etc.
mills, of kw.-hrs—
Sales of electrical energy:
Sales to ultimate consumers, total
(N.E.L.A.)..mills, of kw.-hrs..
Domestic service
mills, of kw.-hrs—
Commercial—retail
mills, of kw.-hrs..
Commercial—wholesale—mills, of kw.-brs..
Municipal and street lighting
mills, of kw.-hrs—
Railroads:
Electrified steam
mills, of kw.-hrs..
Street and interurban—mills, of kw.-hrs—
Qross revenue from sales of energy (Electrical
World)
thous. of dolls—
Revenues from ultimate consumers
(N.E.L.A.)
thous. of dolls..

6,547

6,764

6,752

7,073

6,952

7,149

6,932

6,286

6,674

« 6,462

3,858
2,689

4,179
2,585

4,316
2,436

4,351
2,722

4,087
2,865

4,377
2,772

3,982
2,950

3,651
2,635

3,664
3,010

3,368
° 3,094

« 3, 603
° 3,393

4,189
3,018

6,123

6,328

6,315

6,609

6,513

6,670

6,535

5,922

6,265

° 6,059

<» 6, 574

6,768

424

436

437

464

439

479

397

364

409

403

422

439

4,969
854
1,007
2,550

5,045
838
1,016
2,617

5,238
911
1,055
2,698

5,326
984
1,065
2,653

5,423
1,076
1,117
2,578

5,345
1,131
1,125
2,383

5,373
1,206
1,121
2,343

5,026
1,074
1,044
2,248

4,878
1,004
984
2,221

4,988
980
984
2,423

5,237
907
969
2,772

5,603
889
997
3,159

163

175

183

199

207

217

234

211

196

179

167 i

143

41
309

42
311

41
305

45
331

46
350

49
361

50
348

55
361

53
318

314

54
304

152, 370

152,020

159,040

165,410

169, 730

50
382
171,880

171,370

158,620

151,920

151,420

149,950

140,986

140, 256

145,976

151,551

156,862

157,561

160, 279

149, 768

142,487

142, 512

141,163

143. 368

10,212
9,670
45
490
27,581
21,158
227

10,155
9,616
46
485
25,608
19,519
177

10,203
9,659
49
488
28,213
21,899
219

10,159
58
487
30,335
22,990
794

10,038
9,484
62
484
30,186
21,338
2,030

10,002
9,445
63
486
31,824
21,641
3,244

9,907
9,356
61
482
32,324
21,937
3,424

9,879
9,328
62
481
30, 949
20, 714
3,395

9,853
9,305
61
478
30,655
20,821
3,216

9,824
9,279
61
476
30,459
21,103
2,576

9,826
9,281
58
479
29,937
21,481
1,449

9,848
9,313
51
478
28,483
20, 999
473

6,372

7,207

GAS

Manufactured gas:*
Customers, total
thousands..
Domestic
thousands..
House heating
thousands..
Industrial and commercial
thousands—
Sales, to consumers
millions of cu. ft—
Domestic
millions of cu. ft—
House heating
millions of cu. ft—
Industrial and commercial
millions of cu. ft—
Revenues from sales to consumers
thous. of dolls—
Domestic
thous. of dolls—
House heating
thous. of dolls—
Industrial and commercial.thous. of dolls.
Natural gas:*
Customers, total
thousands.
Domestic
thousands.
Industrial and commercial
thousands.
Sales to consumers
millions of cu. ft.
Domestic—
millions of cu. ft__
Industrial and commercial
I
millions of cu. ft—
Revenues, from sales to consumers
thous. of dolls.
Domestic—
thous. of dolls.
Industrial and commercial.thous. of dolls.

0,606

6,071

5,778

5,949

6,632

6,737

6,778

6,661

6,438

6,607

6,864

31,664
25,934
208
5,426

29,687
24, 220
163
5,208

32,405
26, 727
198
5,375

34,011 33,022
27,612
25,596
632
1,458
5, 650 | 5,845

34,134
25,802
2,213
5,990

34,288
25,929
2,292
5,945

32,872
24, 608
2,289
5,841

32,509
24,551
2,166
5,667

32,435
25,020
1,787
5,516

32, 205
25,422
1,014
5,649

31, 246
25, 251
370
5,531

5,446
4,994
450
48,466
9,774

5,420
4,972
446
48, 549
8,034

5,427
4,980
446
52,615
8,509

5,453
4,996
455
60,001
13,541

5,486
5,020
464
73,280
21, 625

5,499
5,032
466
88,716
35,325

5,470
5,003
465
90,047
40,477

5,503
5,011
491
86, 262
34,998

5,470
4,986
482
80,289
33,153

5,430
4,955
473
73,188
28,182

5,444
4,972
470
62,095
20,687

5,391
4,945
444
56,339
13,348

38,125

39,935

43, 651

45,283

50,558

52,175

48,777

50,337

46,361

44, 423

40, 640

42,479

17,063
9,437
7,558

16, 501
8,823
7,600

17,469
9,243
8,147

20,720
11,607
8,964

25,907
15, 464
10,245

33,407
21,784
11,455

35,709
24,450
11,130

33,936
22,250
11,487

30,858
20,201
10, 530

27,322
17, 562
9,655

23,359
14, 664
8,604

19, 817
11, 253
8,482

# Since March 1932 detailed figures are not strictly comparable owing to changes in firms reporting.
* New series. For earlier data see p. 19 of the January 1933 issue (pyroxylin products) and p. 19
19 of
of the May 1933 issue (gas).
t 1 For revised data for year 1932 see pp. 38 and 56 of the May 1933 issue.
Revised.




Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

39

SURVEY OF CURRENT BUSINESS

September 1933

1933
July

1933

1932
July

Decem- January FebruOctober NovemAugust September
ber
ary
ber

March

April

May

June

FOODSTUFFS AND TOBACCO
DAIRY PRODUCTS
Butter:
Consumption, apparent*
thous. of lb__
Price, N.Y., wholesale (92 score)dolls. perlb._
Production (factory)t
thous. of lb_.
Eeceipts, 5 markets
thous. of lb>_
Stocks, cold storage, creamery, end of month
thous. of lb__
Cheese:
Consumption, apparentfthous. of lb__
Imports.
thous. of lb._
Price, No. 1 Amer. N.Y
dolls, per lb_.
Production (factory)f
thous. of lb__
American whole milkf
thous. of lb__
Receipts, 5 markets
_thous. of lb._
Stocks, cold storage, end of monthf
thous. of lb__
American whole milkt
thous. of lb__
Milk:
Condensed and evaporated:
Production:!
Condensed (sweetened)
thous. of lb__
Evaporated (unsweetened) #
thous. of lb._
Exports:
Condensed (sweetened)
thous. of lb_.
Evaporated (unsweetened)-thous. of lb._
Prices, wholesale, N.Y.:
Condensed (sweetened)—dolls, per case..
Evaporated (unsweetened)
dolls, per case..
Stocks, manufacturers, end of month:
Condensed (sweetened):
Bulk goods
thous. of lb
Case goods
thous. of lb._
Evaporated (unsweetened):
Case goods
___thous. of lb__
Fluid milk:
Consumption in oleomargarine
thous. of lb__
Production, Minn, and St. Paul
thous. of lb.
Receipts:
Boston, incl. cream
thous. of qt__
Greater New York
thous. of qt__
Powdered milk:
Exports
thous. of lb_.
Orders, net, new
thous. of lb._
Stocks, mfgrs. end of mo thous. of lb._
FRUITS AND VEGETABLES
Exports, fruits and preparations. (See Foreign trade.)
Apples:
Production, crop estimate
thous. of bu_.
Shipments, car lot
carloads..
Stocks, cold storage, end of month
thous. of bbl.
Citrus fruit, car-lot shipments
carloads..
Onions, car-lot shipments
carloads..
Potatoes:

133,123
.25
177,638
64,057
150,907
45,499
3,440
.15
57,813
46,209
16,923

137,276
.18
163,370
57,333

148, 538 141,715
.20
.21
149,625 '127,386
43,022
52,082

110,247

107,259

141,933 138,524
.23
.21
'121,819 '109,790
39,720 40, 714

134,106
.24
'120,841
43,074

89,490

37,207

22,043

»43,990
45, 243
44,885
3,342
1,079
4,665
.12
.14
.14
0
59,135 « 52,371 «48,077
0
40,205 « 34, 796 "31,510
12,771
16,492
14,856

45, 529 41,432
6,609
6,300
.13
.13
45,755 « 39,293
« 29,267 « 23,601
13,329 12, 505

41,194
4,845
.13
« 37,716
« 22,819
11,405

94,300
82, 775

76,327

79,847
66, 721

81,406
68,555

78,274
66,813

73,916
62,392

68,714
57,749

128,815
.23
» 200,712
73,116

9,255

35,159

«106, 378

40, 549
43,817
39,871
3,545
2,892
3,070
.11
.12
.11
29,480
34,073
31,387
« 23,815 a 22,124 • 26,186
12,725
10,768
9,981

45, 273
56, 740
3,891
5,527
.12
.15
36, 281
56,116
' 29, 578 « 43,422
12,728
16,037

40,835
6,862
.15
64,359
° 51,142
13,989

122,655
.19
'119,212
44,750

17,833

11,580

63,321
53, 532

55, 731
46,992

48,806
41, 625

43,626
37, 321

48,481
41,336

«78,715
« 67, 456

14,805

»16,955

»16,346

«18,398

-19,452 «14,699

«16,575

15,178

12,715

14, 580

15,947

21,363

19,496

179,668

183,270

158.780

'132,617

120,173 106,184

'112,816

112,209

104,658

141,090

172,178

203,685

220,655

330
3,305

656
2,687

542
2,725

570
2,574

583
2,833

522
2,601

592
3,036

506
3,129

526
2,629

475

562
3,290

482
2,122

333
3,147

4.73

4.75

4.72

4.68

4.68

4.68

4.68

4.68

4.68

4.68

4.68

4.68

4.70

2.63

2.33

2.25

2.25

2.25

2.25

2.56

2.55

2.42

2.03

2.19

2.55

2.60

11, 537
16, 937

12,634
21,447

12,308
20, 537

10,541
18,672

8,334
16,302

7,505
14,673

7,427
12,234

6,488
9,524

5,573
7,831

5,453
5,935

6,076
5,310

8,455
9,860

«12,947
14,996

131,987

225,897

190,912

176,197

146,204 139,957

100,092

107,154

101,085

50, 571

36,975

48,127

104,088
3,773

4,426

2,781

3,792

4,054

4,646

4,485

4,736

5,039

5,041

4,858

4,814

25,887

22,381

21,945

24, 571

26,727

31,705

34,903

32,457

36,718

34,908

37,821

20,017
121,116

19, 799
118,806

18,354
115,727

18, 571 17,589
113, 877 107,768

17,725
108,829

17,848
109,567

16,364
102,264

18,266
112, 525

17, 591
109, 550

19, 409
121,759

18,876
118,690

205
11,151
13,201

310
10,960
27,918

316
11,312
24,918

256
10,426
21,785

178
10,089
20,004

291
8,982
18,505

225
10,207
18,326

183
7,877
17,473

179
7,789
16, 389

160
9,556
14,997

248
10,251
13,354

192
12,132
13,695

225
•12,910
• 13,040

'146,831
1,420

2,589

1,641

8,457

23,459

10,666

/140,775
6,030

6,278

5,875

4,999

2,830

1,964

1,083

5,948
1,419

1,974
5,621
3,610

8,827
6,694
3,371

9,811
11,022
2,084

8,513
13,277
1,657

6,703
13,566
2,311

4,138
12,287
2,252

2,894
13, 624
2,431

1, 567
12,813
2,456

590
14,047
2,740

12, 345
1,727

1.061

1.254
/ 357,679
11,944

1.258

1.250

1.257

1.290

11,704

16,570

16,359

24,481

18,005

10,075

5,715

4,826

3,569

4,172

3,176

3,210

1,353
.31

1,121
.26

449
.25

1,113
.30

785
.45

858
.43

2,724
7,633

940
.29
/ 299,950
2,914
8,242

1,787
8,685

1,203
8,496

1,683
8,320

5,055
8,414

8,780
10, 809

5,091
11,701

2,320
5,569

5,167

155
5,758

583
5,022

371
5,830

187
7,117

713
8,862

453
5,473

.39
.44

.40
.45

1,145

8,046
1,532

Price, white, N.Y
dolls, per 1001b._
2.371
1.073
.921
.913
.910
Production, crop estimate
thous. of bu_. «292,668
Shipments, car lot
carloads.. 11,834 "l5~704" "8," 277" 12,738 14,230
GRAINS
Exports, principal grains, including flour and
meal
thous. of bu._
4,220
6,740
8,524
6,098
8,176
Barley:
Exports, including malt
thous. of bu__
812
836
995
1,028
1,244
Price, no. 2, Minn.
dolls, per bu._
.64
.31
.32
.31
.29
Production, crop estimate
thous. of bu._ 157, 634
Receipts, principal markets *.-thous. of bu_. 6,280
88S
6,037
4,631
3,272
Visible supply, end of month..thous. of bu__ 11, 633
1,812
4,616
6,625
7,151
Corn:
Exports, including meal
thous. of bu__
312
381
581
697
1,915
Grindings
thous. of bu_. 6,511
4,552
5,165
5,981
5,856
Prices, wholesale:
No. 3, yellow (Kansas City)_dolls. per bu._
.35
.33
.52
.29
.24
No. 3, white (Chicago)
dolls, per bu._
.32
.32
.30
.57
.25
Production, crop estimate
thous. of bu._ '2,273,019
Receipts, principal markets
thous. of bu__ 46, 223
7,319
14,300
19,391 24,516
Shipments, principal markets-thous. of bu_. 23, 594
9,100
5,280
11,177 12,444
Visible supply, end of month..thous. of bu_. 63, 456
11,716
15,065
19,545 28,252
Oats:
Exports, including oatmeal
thous. of bu_.
447
1,218
531
566
155
Price, no. 3, white, (Chicago).-dolls, per bu._
.18
.17
.17
.15
.39
Production, crop estimate
thous. of bu__ «666, 745
Receipts, principal markets
thous. of bu.. 16, 542
7,937
22,446
5,421
9,715
Visible supply, end of month..thous. of bu._ 34, 598
29,042 28,532
13,307
27,259
Rice:
Exports §
pockets 1001b._. 163,348 234,032 134,463 101,676 163,347
Imports
_
pockets 100 lb... 20,345
2,358
2,378
5,428
6,287
Price, wholesale, head, clean, New Orleans
dolls, per lb_.
.029
.020
.020
.022
.021
Production, crop estimate
thous. of bu__ •34, 203

.24
.25

.22
.23
'2,875,570
12, 644
11,552
9,318
6,486
27,534
30,724

120,664; March 145,706; April 170,836; May 219,491; June 219,755.
§ Data for 1932 revised. For revision see p. 39 of the June 1933 issue.

.26
.26

.33
.36

1.417
~21~302

12,641
3,602
35,006

9,885
4,991
36,120

16, 623
11,776
32, 463

26,464
16,718
38,362

33, 742
15,111
49,187

237
.15

360
.15

582
.17

210
.22

153
.25

163
.30

4,352
26, 220

4,236
25,434

4,767

8,191
22,228

11, 791
23,695

12,159
28,173

211,802
20,102

153,549
31,872

152,025
23,837

166, 291
28,704

157, 235
21, 635

69,816
20,047

71, 573
16,913

.020
/ 39,356

.019

.019

.021

525
.15
'1,238,231
3,189
3,745
27,316
26,310

.020

.22
.23

.40

1.101
17, S

12,715
3,750
33,793

406
.15

176,704
21, 381

.23
.24

* New series. For earlier data see p. 20 of the November 1932 issue (barley) and p. 19 of the June 1933 issue (butter).
w Bulk evaporated milk not included since December 1931.
• As of Aug. l. / As of Dec. 1. • Revised.




129,093 133,645
.21
.18
'129,379 '135,371
48,072
50,672

160,871
.23
187,205
65,023

128,678
.20
127,076
50,828

.022

.026

.026

40

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933 |
July

September 1933

1932
July

1933

August Septem- October Novem- Decem- January

* * J * March

April

May

June

F O O D S T U F F S AND TOBACCO—Continued

I

GRAINS—Continued
Rice—Continued
Receipts, southern paddy, at mills
112
thous. of bbl. (1621b.)..
Shipments to mills, total
554
thous. of pockets (100 lb.)_.
50
New Orleans—thous. of pockets (1001b.).Stocks, domestic, end of month
937
thous. of pockets (100 lb.)._
Rye:
6
Exports,
flour
thous.per
of bu._
.83
Price,
No.including
2, Minneapolis
dolls,
bu..
«23,116
Production, crop estimate
thous. of bu._
Receipts, principal markets*.-thous. of bu._
Visible supply, end of month* thous. of bu,..
Wheat:
u Exports:
Wheat, including
flour
thous. of b u . .
Wheat only...
thous. of bu._
Value, wheat and flour. (See Foreign
Trade.)
Prices, wholesale:
No. 1, Northern, Spring, Minn.
dolls, per b u . .
No. 2, Red, Winter, St. Louis
dolls, per b u . .
No. 2, Hard, Winter, K.C._dolls, per bu_.
Weighted average, 6 markets, all grades
dolls, per bu._
Production, crop estimate, total
tfaous of bu
Snrin? wheat
thous. of bu_
Winter wheat
thous. of bu._
Receipts
thous. of bu_.
Shipments
.- -.thous. of bu._
Stocks, visible supply, world..thous. of b u . .
Canada
thous. of bu_.
United states
thous. of bu_.
Stocks, held by mills (quarterly)
thous. of bu
Wheat flour:
Consumption (computed) t---thous. of bbL.
Exports
thous. of bbl_.
Grinding of wheat
thous. of b u . .
Prices, wholesale:
Standard Patents, Minn...dolls, per bbl..
Winter, straights, Kansas City
dolls, per bbl..
Production:
Flour, actual (Census)
thous. of bbL.
Flour, prorated, total (Russell's) f
thous. of bbl..
Offal
thous. of lb—
ODerations percent of total capacity
Stocks, total,' end of month (computed)
thous of bbl
Held by mills (quarterly)...thous. of bbl—

223

a

293

"843

1,606

526
66

« 621
96

"694
83

"957
90

1,353

1,040

1,225

1,915

259
.32

1
.34

1
.34

29
.32

1,689
11,273

353
8,955

1,458
9,052

991
8,700

1,391
29

4,841
3,208

5,613

4,226
2,479

1.08

3,899

a

1,032

628

257

1,102
19

821
54

565
49

1,856

1,833

1,050

1.S81

1
.35

3
.43

2
.52

17
.62

286
7,790

546
7,688

1,269
8.006

5,211
8,806

2,573
10, 501

3,313
1,793

2,176
729

2,105
456

1,754
194

1,523
14

1,719
]<3

1,186

o 706

687

747

821

a Qgg
97

834
83

838
67

750
48

1,058
72

2,177

2,107

2,013

2,036

1
.31

2
.31
/ 4 0 409

0
.33

1
.32

587
8,485

423
8,030

610
7,993

608
7,934

4,422
2,656

5,995
3,714

3,549
1,728

a

.57

.58

.58

.54

.49

.48

.50

.49

.53

.63

.74

.8C

1.01
.98

.47
.45

.53
.48

.54
.48

.50
.45

.47
,43

.46
.42

.50
.44

>49
.44

.55
.48

.69
.60

.81
.70

.82
.76

1.00

.48

.55

.55

.51

.49

.46

.48

.48

.53

.64

.73

. 78

/726 283
/264,604
/461.679
13,859 "12,814" ~~~9,~869~ 12, 729
7,481
10,246
13, 604
8,375
592, 670 643,550 620,400 577, 600
233,592 228, 647 223, 439 225, 360
168, 958 158, 228 148,426 136, 724

15,753
13, 421
522, 330
215, 204
125, 934

23,310
17, 258
475, 380
196, 581
118,546

28,598
15,822
458,610
197, 665
124,973

a

° 10, G45
321
« 40, 392

499,671
159,316
340,355
37,172 "11," 006"
17, 527
17, 294
408, 200
193," 879" 121,005
135, 493 177,876

19, 648
423, 600
108, 522
188,238

290

8,170
347
38, 023

9,276
365
41,417

7.55

4.02

4.16

16," 732

~27~238~
17, 540
528,700
224,678
190,310

"I7~58l"

9,287
372
43, 015

10,752
376
42, 880

9,380
483
39,841

10,664
387
38, 007

9,929
324
36,949

8,513
308
33,133

9,127
351
40, 705

4.14

3.92

3.72

3.74

3.80

3.71

4.03

"38,116"
21,313
497, 500
179,122
193,931

23, 464
525, 800
231,342
177,025

116,910

147,095

154 037

131,854
11,020
332
a
42, 560
4.54

4.86

9,800
362
39,498
5. 38

3.10

3.24

3.21

3.00

2.84

2.85

3.00

2.75

3.04

3.48

4.03

4.13

7,828

9,005

9,395

9,382

8,719

8,323

8,077

7,216

8,867

« 8, 298

8,777

8,577

8,949
631,452
50

9,724
731,368
53

10,404
752,259
60

11, 228
762,369
57

10, 363
691,984
55

10,051
660,411
51

9,693
646,950
52

8,781
572,587
50

10,238
709,357
53

10, 948
745, 9£0
59

a
8, 824
711,463
o4

9,800
696,558
52

4,700

5,155

5,900
4, 245

6,000

6,500

5,500
4,012

4,940

4,900

5, 6C0
3,718

5,400

5,100

5,7.0

1,052

956

1,002

1,096

1,088

1,042

1,014

1,061

919

993

1,030

1,107

« 1,095

1,185

910

955

1,038

1,059

1,059

1,172

1,239

1,019

1,052

1,106

1,240

1,144
75

844
52

751
45

637
40

544
37

513
35

620
43

717
47

751
46

749
42

780
45

865
51

6.11

a
a

LIVESTOCK AND MEATS
Total meats:
Consumption, apparent
mills, of l b . .
Exports, value of meats and fats. (See Foreign Trade.)
Production (inspected slaughter)
mills, of lb_.
Stocks, cold storage, end of month total
mills, of lb—

1,314
« 1,049
65

Miscellaneous meats
mills, of lb_.
Cattle and beef:
Beef and veal:
Consumption, apparent
.thous. of lb_. 423,152 354,024 364,867 404,826 380,576 357, 250 331,693 371,847 343,608 373,610 376,913 432,849 «434,£66
1,164
1,657
1,561
1,344
1,135
1,332
1,018
796
969
927
844
1,130
943
Exports§ .
thous. of lb_.
Price, wholesale..
Beef, fresh native steers, Chicago
.094
.094
.092
.094
.097
.142
.143
.136
.124
.106
.105
.144
.113
dolls, per lb.
Production, inspected slaughter
thous. of lb. 426,689 350,521 360,441 404,123 389,873 361,405 332,357 365,532 338, 763 370, 562 372, 635 430, 356 436,508
Stocks, cold storage, end of month
30, 538 a 35,136
30,658
41,845
33,781
26, 719
25, 909
36, 036
41, 029
39,550
36,015
24,376
42,870
thous. of lb.
Cattle and calves:
Movement, primary markets:
1,558
1,449
1,296
1,456
1,171
1,291
1,689
1,896
1,543
1,318
1,136
1,606
1,161
Receipts
thous. of animals.
786
829
725
824
847
689
962
1,006
959
924
916
783
953
Slaughter, local
thous. of animals.
Slaughter, inspected. (See Leather and
leather products.)
386
735
494
471
407
456
534
489
492
866
656
773
460
Shipments, total
thous. of animals.
193
150
152
97
149
390
479
129
280
377
210
152
111
Stocker and feeder.-thous. of animals.
Price, wholesale, cattle, corn fed, Chicago
6.32
6.36
5.52
6.50
5.44
8.61
8.96
8.09
7.00
5.09
5.16
8.73
5.77
dolls, per 100 lb.
Hogs and products:
Hogs:
Movement, primary markets:
3,143
3,361
2,798
2,871
2,638
2,159
2,505
2,691
2,775
3,381
2,699
2,405
3,121
Receipts
thous. of animals.
1,921
1,896
2,084
1,881
2,167
2,396
2,412
2,621
1,445
1,739
1,830
1,658
2,136
Slaughter, local
thous. of animals.
Slaughter, inspected. (See Leather
and leather products.)
714
715
803
891
959
975
855
739
718
737
715
761
736
Shipments, total
thous. of animals.
38
46
29
55
20
22
21
23
26
29
24
21
20
Stocker and feeder..thous. of animals.
3.92
4.12
3.64
3.37
2.94
3.41
4.23
3.06
4.57
4.86
4.58
4.56
3.75
Price, heavy, Chicago..dolls, per 100 lb.
• New series. For earlier data see p. 20 of the November 1932 issue,
* Revised.
• As of Aug. 1.
/ As of Dec. 1.
f Data revised from July 1931. See p. 19 of the August 1933 issue.
§ Data revised for 1932. For revision see p. 40 of the June 1933 issue.




SURVEY OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

41

1932
July

1933

Decem- January FebruAugust SeptemOctober November
ber
ber
ary

March

April

May

June

FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK

AND

MEATS-Continued

Hogs and products—Continued
Pork, including lard:
Consumption, apparent
thous. of lb._ 577,926
Exports, total
thous. of lb_. 51,112
Lard
thous. of lb_. 36, 200
Prices:
.135
Hams, smoked, Chicago.._dolls, per lb_.
Prime contract, N.Y
dolls, per lb_.
.073
.074
Refined, Chicago*
dolls, per lb._
Production, inspected slaughter, total
thous. of lb_. 707, 530
Lard
thous. of lb._ 148,330
Stocks, cold storage, end of mo.
thous. of lb._ ,026,122
Fresh and cured
thous. of lb_> 807, 855
Lard
.
thous. of lb._ 218, 267
Sheep and lambs:
Lamb and mutton:
Consumption, apparent
thous. of lb__ 51,053
Production, inspected slaughter
thous. of lb__ 50, 862
Stocks, cold storage, end of mo.
1,596
thous. of lb._
Movement, primary markets:
2,226
Receipts
thous. of animals..
1,106
Slaughter, local—
thous. of animals..
Slaughter, inspected. (See Leather and
leather products.)
1,103
Shipments, total
thous. of animals.108
Stocker and feeder
thous. of animals..
Prices, wholesale:
1.83
Ewes, Chicago
dolls, per 100 lb._
7.20
Lambs, Chicago
dolls, per 1001b—
Poultry and eggs:
Eggs:
1,152
Receipts, 5 markets.
thous. of cases..
Stocks, cold storage, end of month:
9,503
Case
- . . __thous. of cases..
Frozen
thous. oflb_. 107, 617
Poultry:
22,121
Receipts, 5 markets
thous. of lb.
Stocks, cold storage, end of mo
44, 041
thous. of lb.
T

551,136
48, 722
34,886

579,170
42,815
34,973

628,785
53, 500
44,789

646,527
62,827
53,573

631,229
47, 358
35,897

631,981
59,558
49,919

634,850
88,713
78,137

523,896
65, 761
57,773

561, 356
58,351
47, 661

596, 651
50, 639
38, 741

.131

.141

.137

.126

.118

.108

.107

.108

.114

.116

.121

. 128

.054
.066

.055
.069

.054
.066

.048
.065

.053
.062

.046
.055

.046
.052

.042
.051

.048
.055

.049
.058

.066
.073

.066
.071

509,181
103,411

536,291
102,679

571,476
105,696

607,951
112,063

643,777
128, 446

789,467
163,864

819,244
175,438

628,937
131,9S5

623, 747
127,436

677, 378
139,066

750, 898
150, 410

823, 375
171, 519

764, 670
643,052
121,618

679,453
578,876
100, 577

568,909
498,253
70,656

467,958
433,548
34,410

433,644
403,898
29,766

531.938
490,850
41,088

627,925
575,084
52,841

667,503
609,321
58,182

671,914
610, 240
61, 674

702, 255
630, 360
71,895

781, 442
670, 553
110, 889

50,419

58,415

62,129

60, 447

53,421

50,030

54,482

51,720

57, 790

56, 419

58, 368

50,438

58,713

62,823

61,449

53,366

49,910

53,761

51,400

57,939

56, 397

58, 456

54,55G

1,012

1,305

1,983

2,974

2,904

2,767

2,029

1,683

1,818

1,773

1,843

° 1, 807

2,240
1,199

2,919
1,447

3,239
1,330

3,265
1,340

2,203
1,107

1,657
919

1,914
1,083

1,795
1,020

1,844
1,099

2,097
1,152

2,402
1,319

2, 091
1,107

1,049
181

1,457
460

1,892
535

1,900
803

1,145
501

749
196

820
108

776
82

747
65

948
107

1,081
125

912
100

1.50
5.91

1.88
5.03

1.63
5.03

1.50
5.05

1.56
5.17

1.75
5.38

1.75
5.53

1.75
5.44

1.75
5.38

1.S8
5.18

1. SS
6.10

2.16
7.28

1,082

1,035

853

738

605

618

1,050

988

1,639

2,280

2,502

1,576

6,431
99,112

5,960
92,967

4,895
84,187

3,225
74, 314

1,199
64,150

159
55,339

75
46, 448

163
40,450

1,833
45,090

4,857
62, 944

8, 062
85, 323

« 9, 364
°103, 019

615, 825 « 605, S93
58,154
52, 093
46, 038
37, 941

QJ-/-J •

TROPICAL PRODUCTS
Cocoai
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 lb.
Receipts at ports, Brazil
thous. of bags.
Stocks, world total, incl. interior of Brazil
thous. of bagsVisible supply, total excl. interior of Brazil
thous. of bags.
United States
thous. of bags
Sugar:
Raw sugar:
Cuban movement:
Exports
long tons
Receipts at Cuban ports.
long tons.
Stocks, total, end of month
thous. of long tons.
united orates.
Meltings, 8 ports t
long tons
Price, wholesale, 96° centrifugal, New
York
..
dolls, per lb._
Receipts:
From Hawaii and Pto. Rico.Jong tons..
Imports §
long tons
Stocks at refineries, end of mo.f
long tons..
Refined sugar:
Exports, including maple §
long tons..
Price, retail, gran., N.Y
dolls, per lb..
Price, wholesale, gran., N.Y.dolls, per lb_.
Shipments, 2 ports..
...long tons..
Stocks, end of month, 2 ports...long tons..
Tea:
Imports
thous. of lb
Price, wholesale, Formosa, fine, N.Y.
dolls, por lb..

a

946,980
760, 730
« 186, 250

a

« 54, 5G9

18,476

21, 751

24, 739

32,140

73, 950

74,866

30,153

21, 975

17,879

18,617

23,123

31,471

30, 305

36,683

54,989

91,118

111,642

104,833

88, 675

67, 285

45,824

38,131

18,198
.0550

9, 515
.0447

7,989
.0475

20, 212
.0488

19,642
.0428

19,730
.0408

19,873
. 0383

25,181
.0367

22, 853
.0358

14,471
.0370

20, 324
.0388

14, 801
.0450

18, 097
.04S0

17, 832

13,256

10,808

9,481

22, 220

34, 486

52,183

51,234

29,577

25, 349

17, 739

18, 028

19,613

1,586
745
865
.076
1,440

520
227
671
.079
885

612
301
601
.085
814

798
3S5
782
.094
926

1,339
657
923
.088
1,155

894
390
935
.082
1,196

962
403
945
.0S4
1, 785

1,303
784
911
.083
1,315

1,117
655
1,083
.085
1,401

1,245
678
1,109
.082
1,792

1,116
597
922
.078
1,588

1,197
625
1,187
.082
1,631

1,366
716
977
.076
1,543

U)

tt)

(t)

31,828

31,612

31, 005

29, 819

28, 956

27, 282

26,089

24, 233

23, 095

6,418
747

5,292
765

5,152
643

4, 975
596

5,415
624

5, 287
584

5,508
562

5,154
545

5,286
714

5,778
703

5, 888
735

5,754
821

6,140
735

190,983
106, 496

291, 832
141,147

84, 873
76,992

114,282
76,727

98, 478
64,693

94.103
62, 549

24, 086
a

42, 705

2,386

2,666

2,195

2,038

1,838

1, 653

1,535

1,444

2,062

2,911

2,882

2,825

2, 637

358, 713

364, 664

352, 650

400, 486

280,791

232, 828

212, 808

215, 768

224,948

342,037

345, 677

361, 308

411,361

.035

.030

.032

.031

.032

.030

.029

.027

.028

.030

.031

.033

.034

176, 296
312,112

150, 815
189,103

141, 275
326,859

107,743
220, 721

87,802
151,139

46, 544
139,146

37, 213
136,805

86,809
170,779

125,149
163, 821

170,909
258,951

227, 499
308, 660

185, 062
305, 753

164,316
261, 516

498, 052

380,430

393,734

313, 670

256,180

193,899

152,131

147, 879

200,163

281,051

367, 545

426, 714

3,513
.054
.046
59, 718
38, 928

3,713
.046
.040
76, 649
39, 903

2,788
.048
.041
75,990
38, 011

2,526
.048
.042
51, 423
39, 327

3, 538
.049
.041
46. 070
39, 560

2.969
.049
.042
77. 390
66, 431

2,616
.049
.041
88,569
71,385

2,470
.049
.039
83,876
59, 315

2,768
.047
.038
94, 278
65, 767

3,325
.048
.041
52, 654
26,046

2,854
.048
.042
66,774
25, 605

3,090
.049
.044
76,163
32, 826

3, 62c
.049
.045
62, 279
36, 513

8,909

6,278

8,004

9,405

9,353

10, 364

9,817

9,038

5. 705

6,635

7,067

7,295

5, 846

.175

.175

.175

.175

.175

.175

.175

.175

.175

.175

.175

.175

9,098

14,076

21,255

21,219

20, 613

19, 734

16,104

15, 506

14,852

15, 033

« 15, 561

11,844

26,998
31, 847
31, 265
453, 062 1,014,716 1,098,118

33, 069
501,737

18, 653
2S1,139

14,038
395, 267

17, 270
282,104

22, 325
631,818

24,158
516,749

28, 426
378,682

30, 297
477, 019

30I!G4C

51,345

63,167

62,168

55.749

45, 756

35,469

25,855

19,335

19, 646

25, 711

a

448,183

i

.175 I

MISCELLANEOUS PRODUCTS
Candv sales by manufacturers thous. of dolls
Fish:
Landings, fresh fish, principal ports
thous. of lb.
Salmon, canned, shipments
cases.
Stocks, total, cold storage, 15th of m o n t h
t h o u s . of l b .

33, 231

41,306

• Revised.
• New series. Earlier data not published.
t For revised data for year 1932 see p. 41 of the May 1933 issue.




59, 209

09 23 ]

t Missing data not available.
§ Data for 1932 revised. For revisions for full year 1932 see p. 41 of the June 1933 issue

42

SUKVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

September 1933

1932
July

1933

Decem- January
August SeptemOctober November
ber

February

March

April

May

25, 796
7,397

30, 725
9, 910

38, 713
4,285

20, 251
2,669

June

F O O D S T U F F S AND TOBACCO—Continued
TOBACCO
Leaf:
Exports § .__
_.thous. of lb__ 30,621 i 26,762 24, 257
1,880 I 2,421
Imports, unmanufactured
thous. oflb._
1,695
Production, crop estimate
thous. of l b . . '1,299,154
Stocks, total, including imported types
(quarterly)
mills, of lb._
Flue-cured, fire-cured, and air-cured
mills, of lb
_|
Cigar types..
mills, of lb._
Manufactured products:
Consumption (tax-paid withdrawals):
9, 525
9, 534
9,559
Small cigarettes,.
millions..
Large cigars
,
thousands.. 400,511 361, 240 401,143
Manufactured tobacco and snuff
thous. of lb_. 28, 782 26,733
31, 303
Exports, cigarettes
thousands__ 207, 380 195, 923 204,493
Prices, wholesale:
4. 851
6.042
6.042
Cigarettes,
dolls, per 1,00049.135
49. 247
Cigars
dolls, per 1,000.. 46.062

42, 419
1,614

59,103
2,247 |

47,180
4t950

2,095

31,842
4,147
1,015,512

28, 403
16,392

:,098

2,145

1,606
403

18,523
1, 502

1,785
389

383

399

9,311
405,419

8,351
436,832

7,614
419,173

7,319
254,136

8,622
298,640

7,854 i 7,974
287,430 290,111

7,973
321, 207

12, 823
371,373

12.463
418, 570

31, 693
227, 354

28,847
159,743

28, 000
146,081

24,116
216, 297

27, 788
207,980

24, 446
146, 038

27, 456
238,126

28,847
131,016

31,833
197, 603

32, 353
142, 109

i. 042
6. 042
i.685 i 48.685

6.042
48. 685

5. 292
48. 685

4.961
46. 062

4.851
46.062

4.851
46. 062

4.851
46. 062

4.851
46.062

67

80

60

38

31

83

6.042
48. 685

FUELS AND BYPRODUCTS
COAL
Anthracite:
Exports.
.thous. of long tons..
Prices:
Retail, composite, chestnut
dolls, per short ton..
Wholesale, composite, chestnut #
dolls, per short 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:
Consumption:
Coke plants
thous. of short tons..
Electric power plants t
thous. of short tons..
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—

100

82

112

112 j

92

1
12.26

13.16

13.28

13.52

13.58

13.60

13.65

13.61

13.53

13.48

13.00

« 12. 25

12.00

9. 526
3,677
3,212
736

10. 341
3,021
2,778
« 2,083

10. 541
3.465
3,050
2,250

10. 774
4,108
3,664
2,263

10. 909
5,234
4,758
2,261

10.932
4,271
3,881
2,164

10.921
5,089
4, 512
1,732

12. 228
3,807
3,326
1,236

12. 228
4,275
3,782
792

10. 874
4,519
3,866
511

10. 095
2,891
2,461
457

a 9. 616
2,967
2, 508
,35

9. 341
3,928
3, 512
533

60

42

34

46

4,164

118
983
7.64
3.584
3.548
29, 482

32

2,257

2,190

2,303

2,618

2,658

2,729

2, 70S

2,502

2,554

2,469

2, 854

3,329

2,330
3,976
104

2,517
4,057
109

2,558
4,375
100

2,610
5,096
98
1,012

2,480
4,769
93
948

2,678
5,080
83

2,492
4,682
59
337

2,294
4,492
63
311

2,305
4,481
58
287

« 2, 074
4,248
65
435

« 2,195
4,354
103
722

2,479
4, 357
106
806

7.60

7.59

708

858

833

7.50

7.52

7.54

3.628
3.569
17,857

3.617
3.554
22,489

3.596
3.568
26, 314
27, 504

3.613

3.597

3.643
32, 677

3.657
30, 632

453
7.51
3.582
3.642
31,110

7.46

"7.45

7.43

J 07

« 7.17

7.18

3.566

3.555

3.549

3.503

3,497

3.500

3.614
27, 060

3.598
27,134

3.581
23, 685

3.416
19,523

3. 416
22, 488

3.400
25,320

23, 608

29,046

30, 038

a

COKE
Exports..
thous. of long tons..
Price, furnace, Connellsville
dolls, per short ton..
Production:
Beehive
thous. of short tons..
Byproduct
thous. of short tons..
Petroleum..
thous. of short tons.
Stocks, end of month:
Byproduct plants.
thous. of short tons—
Petroleum, refinery
thous. of short tons

62

61

87

63

51

21

22

23

14

46

56

2. 50

2.12

2.08

2.08

2.05

1.91

1.88

1.81

1.75

1.75

1.75

1.84

68
2,79

38
1,523
153

41
1,474
150

46
1,544
150

68
1,739
155

81
1,752
147

1,786
150

82
1, 785
95

84
1,639
107

93
1,666
147

47
1,656
138

47
1,921
145

50
2,241
154

3,975
1,544

4,221
1,515

4,223
1,484

4,028
1,434

3,857
1,393

3,515
1,330

3,308
1,236

2,831
1,172

2,703
1,149

2,847
1,149

2,975
1,176

2,917
1,185

PETROLEUM AND PRODUCTS
Crude petroleum:
65, 504
61,042
68,822
63,913
66,093
67,984
74, 340
71,455
67,271
65,998
66, 698
Consumption (run to stills) _. .thous. of bbl—
1,963
2,369
1,893
2,831
1,525
1,862
2,910
2,746
3,803
2,206
2,455
Imports
thous. of bbl_. 3,411
.860
.380
.530
.860
.745
.860
.380
.860
.380
.276
Price, Kansas-Oklahoma
dolls, per b b l . .
. 460
63,384
61, 029
63, 998
65,036
65, 219
66, 220
58, 044
75, 302 a 65, 313 a 84, 747
66,310
Production
-thous. of bbl
61
63
60
60
61
61
60
65
67
63
69
Refinery operations
pet. of capacity
Stocks, end of month:
California:
95, 322
95,765
94,895
95,048
95,933
95, 590
94, 554
95, 322
94,256
95, 349
95,457
Heavy crude and fuel oil.-thous. of b b l . .
40, 264
39, 297
40, 367
39,968
40,149
39,516
39,996
39,340
38, 722
40,405
39,909
Light crude.
thous. of bbl__
312,130 309,011 307, 523 305, 709 301,331 293,278 290,404 289, 342 295,349 289,933 297,166
East of California, total
thous. of bbl—
47,568
47,100
46, 797
48,997
39,329
43, 287
40, 507
48,889
47, 902
50, 839
44, 641
Refineries
...thous. of bbl
267,489 265,724 267, 016 266,380 253, 763 245, 376 243, 304 242, 545 246,460 240, 936 246, 327
Tank farms and pipe lines.thous. of bbl
855
639
485
472
825
1,145
913
486
793
444
1, 279
Wells completed.
number
Mexico:
1,509
1,482
1,940
1,595
1,372
1,290
1,577
1,776
1,403
1,398
1,867
Exports
thous. of b b l . .
2,890
2,514
2,641
2,506
2,463
3,008
2,961
2,547
2,825
2,570
2,886
Production
...thous. of bbl—
2,935
Venezuela:
9,582
9,104
8,394
8,124
7,794
8,087
9,340
8,377
8,661
9,624
10,076
Exports
_.
..thous. of bbl—
9,636
9,699
9,430
8,803
8,767
9,309
8,834
9,551
9,171
9,058
9,945
9,133
Production
thous. of bbl— 10,052
Refined products:
Gas and fuel oils:
Consumption:
625
649
755
° 652
780
703
674
707
731
580
« 724
Electric power plantsf
thous. of bbl
2,882
2,898
3,019
2,703
3,345
2,809
3,077
2,699
2,785
2,855
2,948
Railroads
thous. of bbl—
2,702
3,350
2,916
2,763
2,779
3,066
2,826
2,751
2,813
3,248
2, 726
Vessels, bunker
thous. of bbl— 2,817
Price, fuel oil, Oklahoma, 24-26 refineries
.425
.556
.475
.415
.563
.425
.400
.470
.331
.363
.325
dolls, per b b l . .
.415
t For revised data for year 1932, see p. 42 of the May 1933 issue.
• Price converted to short-ton basis.
• Revised.
§ Data for 1932 revised For revisions for full year of 1932 see p . 42 of the June 1933 issue.
• As of Aug. 1.
/ As of Dec. 1.




74, 619
2,143
.315
82,841
72
95, 367
37, 537
303, 260
50, 220
253,040
372
2,805
8,222
9,262

766
2, 926
3,179
. 356

43

SURVEY OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

July

1933

1932

1933

Decem- January FebruOctober NovemAugust September
ary
ber
ber

July

March

April

June

May

FUELS AND BYPRODUCTS—Continued
PETROLEUM

AND

PRODUCTS—Con.

Refined products—Continued
Gas and fuel oil—Continued
Production:
Residual fuel oil*
thous. of bbl-.
Gas oil and distillate fuels*
thous. of b b L .
Stocks:
Residual fuel oil, east of California*
thous. of bbl_.
Gas oil and distillate fuels, total*
thous. of bbl—j
Gasoline:
Consumption
thous. of bbl__
Exports—.
. . . . t h o u s . of b b L .
Exports, value. (See Foreign Trade.)
Price, wholesale:
D r u m s , delivered, N . Y
dolls, per gal—
Refinery, Oklahoma
dolls, per gal—
Price, retail, service station, 50 cities
dolls, per g a l . .
Production:
I
At natural gas plants
thous. of b b l . .
At refineries
thous. of bbl_.
Retail distribution (41 States) t
mills, of g a l . .
Stocks, end of m o n t h :
At natural gas plants
thous. of bbl—
At refineries
thous. of bbl—
Kerosene:
Consumption
thous. of bbl—
Exports
thous. of bbl—
Price, 150° water white, refinery, Pa.
dolls, per gal—
Production__
thous. of bbl—
Stocks, end of m o n t h
thous. of bbl—
Lubricating oil:
Consumption.
thous. of b b l . .
Price, cylinder oil, refinery, Pa.
dolls, per gal—j
Production
thous. of b b l . .
Stocks, refinery, end of month
thous. of bbl—
Other products:
Asphalt:
Imports,.
thous. of short t o n s . .
Production
thous. of short t o n s . .
Stocks, refinery, end of m o n t h
thous. of short t o n s . .
Coke. (See Coke.)
Wax:
Production
thous. of lb._
Stocks, refinery, end of m o n t h
thous. of lb_.

19, 526

17, 793

17,403

17,113

18, 068

18,491

18, 578

17,156

19,246

5,191

5,519

5,665

6,382

5,582

5,980

6,885

6,451

6,845

26,353

26,829

26, 000

23, 494

21,874

19,928

18,911

18, 069

17, 714

15,408

16, 971

17, 905

18, 495

16, 775

14,110

12, 683

11, 549

11, 557

3,029

31,317
2,200

35, 207
2, 260

33,645
2,569

32, 255
2,213

30, 294
2,356

27,191
1,830

26, 442
2,251

23,312
1,729

.165
.048

.135
.051

.139
.050

.150
.046

.144
.047

.153
.046

.151
.037

.135
.028

.135
.026

846
.044

19, 145 j 20, 010
5,751 |

20, 556

6,108

6,271

17, 230

17,763

17,374

11, 390

12, 890

14,980

28, 227
1,829

30,176
3,024

33,999
1,955

37, 710
2,154

.135
.026

. 143
.023

.145
.026

.149
.037

.140

.137

.130

.130

.125

.116

.115

.116

.116

.108

.131

2,812
33, 705

2,819
32,883

2, 793
30,908

2,924
33, 212

2,855
32, 072

2,888
31, 254

2,876
30, 508

2,543
27, 676

2,771
31,577

2,674
31,921

2,776
34,611

2,669
35, 428

963

1,057

997

975

858

801

768

757
38, 959

616
36, 700

586
32,806

576
32, 207

478
32, 720

449
35,404

539
37, 691

651
35, 652

752
36,882

814
35, 881

926
33,757

873
30, 582

1,854
858

2,279

2,581
1,081

3,115
944

3,621
970

3,149
630

3, 656
872

3,274
615

2,975
629

2, 925
691

3,005
598

3,115
349

.050 !
3,629 i
6,033 I

.049
3,497
6,247

.048
3,449
6,018

.048
3,463
5,465

.048
3,801
4,672

.048
4,097
4,974

.049
4, 363
4,794

.048
3,691
4,574

.048
3 877
4^827

.047
4, 046
5,230

.045
4,146
5,761

.044
4,126
6,404

1,011

.125 j

810

966

951

932

1,143

1,115

1,042

859

1,101

1,143

1,390

1,624

1,646

.180 I
1,958 I

.177
1,587

.159
1,648

.108
1,713

.131
1,644

.133
1, 625

.133
1,827

.119
1,621

.113
1,794

.116
1,871

.134
2,114

.149
1,846

7,991 I

7,

8,182

8,289

8,245

8,375

8,796

8,812

8,712

8,330

8,167

7,734

1
177

1
141

3
102

0
95

3
124

0
152

2

229 I

1
247

276

272

294

304

306

298

288

28, 000

36,400

37, 800

40, 600

38, 640

160, 240

147,849

136, 785

124, 927

124, 770

112,614

1
234

1
232

1
239

1
229

386 i

298

292

248

38,920

36, 680

31,360

33,320

35, 000

| 202, 023 | 206,461

31,640

200, 581

188,637

180,441

163, 628

LEATHER AND PRODUCTS
HIDES AND SKINS
j
i
Imports, total hides and skins§..thous. of lb._ 50,103
Calf and kip skins
thous. of lb._
6,500
Cattle hides..
thous. of lb._ 24,836
Goatskins
thous. of lb._
8,579
Sheep and lamb skins.. . t h o u s . of lb._
7,756
Livestock, inspected slaughter:
Calves
thous. of animals..i
401
Cattle
_
thous. of a n i m a l s . . |
752
Hogs
thous. of animals..!
3,914
Sheep
thous. of animals..J
1,399
Prices, wholesale:
!
Packers, heavy native steers, Chicago
I
dolls, per lb—
.137
Calfskins, No. 1 country, Chicago
I
dolls, per l b - |
.174
LEATHER
j
Exports:
I
Soleleather
thous. o f l b . .
175
Upper leather§
thous. of sq. f t . .
6,464
Production:
Calfandkip*
thous. of skins
Cattlehides*
_
thous. of hides

Goatandkid*
thous. of skins
Sheep and lamb*
thous. of skins
Prices, wholesale:
Sole, oak, scoured backs (Boston)
dolls, per lb..
Upper, composite, chrome, calf, black,
" B " grade
dolls, per sq. ft—

j
10,174
2,867
1,007!
3,432!
1,760 !
i
324 1
614 j
2,802 {
1,384
!
.049 i
!
.049 I
|
160
4,522 I
i
1,129
1,030

2,724
1,560

I

8,617
2,691
1,238
2,009
1,625

8,545
3,337
985
2,106
1,011

16,700
2,829
6,871
4,183
1,464

21,777
3,099
6,636
3,677
5,585

18,046
2,350
4,776
5,303
3,653

14, 728
2,591
3,288
4,795
2,127

12,916
1,987
2,545
4,266
2,688

14, 256
1,816
3,127
5,454
2,090

17, 516
3, 445
4,463
6,222
1,150

29, 292
4,606
10,432
3,759
5,909

38, 996
6,353
14,887
7,184
7,412

362
633
1,579
2,970

366
718
3,252
1,667

389
694
3,605
1,601

376
627
3,778
1,388

327
567
4,584
1,264

345
612
4,700
1,332

317
569
3,647
1,250

398
617
3,602
1,413

426
616
3,847
1,409

476
717
4, 286
1,505

441
751
4, 626
1,490

.066

.081

.073

.065

.055

.054

.048

.052

.098

.122

.063

.076

.082

.068

.061

.066

.061

.066

.076

.121

.153

155
4,715

137
6,162 j

130
5,807

222
5,748

137
5,276

134
4,484

86
5,071

162
6,005

168
4,541

123
5,192

88
4,876

894
1,311

839
1,276
3,431
1,897

871
1,233
3,320
2,163

920
1,303
3,451
2,123

822
1,051
1, 175
1,406
2,770
3,120
1,847 * 3,305

1,384
1,489
3,925
3,997

I

1,232
1,082

3,379
2,170

1,180
1,272

2,571
2,907

1,126
1,325

2,651
4,002

946
1,330

2,835
3,212

3,205
1,797

.37

.27

.27

.28

.29

.28

.26

.25

.23

.23

.23

.29

.34

.330

.238

.243

.250

.252

.250

.242

.235

.233

.236

.241

.281

.314

99,806
50,965
48,841

156,121
77,989
78,132

223,879
104,471
119,408

294,668 269,609
132,222 128,020
162,446 | 141,589

181,693
70,608
111,085

142,476
53,152
89,324

152,378
72,106
80, 272

166, 375
83,188
83,187

LEATHER MANUFACTURES
Gloves and mittens:
Production (cut), total
Dress and street—
Work

dozen pairs
dozen pairs
dozen pairs

_

a
Revised.
* New series. For earlier data see p . 20 of the February 1933 issue (gas and fuel oil) and p . 19 of the J u n e 1933 issue (leather).
t For revised figures for year 1932 see p . 43 of the M a y 1933 issue.
§ Data revised for 1932. For revisions for full year 1932, see p. 43 of the J u n e 1933 issue.




190, 893 251,036
101,987 121,494
88,906 89,382

297, 697
150,455
147, 242

44
Monthly statistics through December 1931,
together with explanatory footnotes and refer-

ences to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SURVEY OF CURRENT BUSINESS

September 1933

1932

1933
July

July

I

1933

Decem- January FebruAugust SeptemOctober Novein-!
ber
ber I ber
ary

March

April

May

June

LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES-Contd.
Shoes:
42
Exports
thous. of pairs..
Prices, wholesale:
Men's black calf blucher,
5.75
5.15
Boston
-dolls. per pair..
Men's black calf oxford, lace,
per
pair.,
3.85
4.08
St. Louis
dolls.
Women's colored calf, Goodyear welt, oxper
pair..
3.35
3.45
ford, average
dolls.
Production, total
thous., of pairs.. ' 33,520 20,442
,
of
pairs..
5,135
Men's
-- thous.
1,181
Boys' and youths'
thous,. of pairs.
7,825
Women's
thous . of pairs.
2,173
Misses' and children's
thous . of pairs .
2,220
Slippers, all types
thous,. of pairs1,907
All other footwear
thous . of pairs.

58

67

5.75

5.75

5.75

5.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

3.85

3.85

3.85

3.85

3.85

3.85

3.85

3.85

3.85

3.85

3.85

3.35
33, 070
8,044
1,997
11,213
3,020
5,929
2,867

3.35
25,149
6,917
1,810
5,470
2,284
6,405
2,263

3.30
20, 096
5,397
1,513
5,938
1,976
3, 255
2,017

3.25
22,717
5,763
1,442
9,283
2,482
1,368
2,378

3.25
26,384
6, 092
1,448
11,360
2,879
1,852
2,752

3.25
28, 576
6,837
1,532
11, 608
3,081
2,399
3,119

3.25
27, 630
6,217
1,607
10, 726
2,985
2,583
3,512

3.27
« 32, 965
8,362
1,683
a
11,950
3,248
3, 525
4,197

3.35
• 34,630
9. 029
1,932
12.029
3, 226
4, 304
4.110

3.35
30, 785
6,822
1,613
13, 670
2,598
3,426
2, 656

3.35
33,885
7,886
1,846
13,644
3,023
4,688
2,798

74

70

35

41

71

63

LUMBER AND MANUFACTURES
LUMBER
Exports, all types*
M ft.b.m-Retail movement:
Retail yards, Ninth Fed. Res. Dist.:
Sales
Mft.b.m..
Stocks, end of month..
M ft.b.m..
Retail yards, Tenth Fed. Res. Dist.:
Sales
M ft.b.m. .
Stocks," end'of month
M ft.b.m. _
Flooring
1
Maple, beech, and birch:
j
Orders:
, , „. .
'
New
- M ft.b.m-J
Unfilled,"end" of month
M ft.b.m._[
Production...
—M Jt.b.m..
Shipments
—-M ft.b.m..
Stocks, end of month
M ft.b.m..
Oak:
jsjew
M ft.b.m..
Unfilled""end"of month
M ft.b.m..
Production....
M ft.b.m..
M
Shipments
ft.b.m..
Stocks, end of month
-M ft.b.m..
Hardwoods

95, 235

63,917

55,163

65, 267

79, 639

62, 637

68, 322

70, 582

49, 626

67, 719

75,185

89, 304

94,525

6, 571
62,442

5,867
65,402

6,703
63, 216

6,484
60,992

6,730
58,329

4,808
55,911

1,916
54, 295

1,685
54, 292

1,237
54,949

1,952
56, 253

3,678
57, 227

5,430
58,122

7,515
60,199

2,326
29, 034

1,922
31, 460

2,319
30, 247

2,429
29, 294

2,411
28,683

1,785
28,324

1,281
28,105

1,615
27, 371

1,530
27, 214

1,662
27, 031

2,026
28,029

2,506
28,059

2, 534
28,365

3,485
4,994
3, 761
4,326
14,228

2,117
3, 946
1,264
2,264
22, 216

2,893
4,022
1,067
2,816
20, 212

3,179
5,102
1,545
2,402
19,145

1,920
4,793
1,718
2,031
19, 025

1,390
3,968
1,624
1,902
19,119

1,588
4,269
1,736
1,590
19,413

1,155
3,432
1,359
1,496
19, 261

1,083
3,206
784
1,318
18, 712

1,501
3,420
736
1,246
18,483

2,452
3,899
1,078
2,097
17, 238

3,942
5,141
1,650
2,715
16,129

o, 195
5, 535
2, 832
4,384
14, 590

9,445
13, 924
17, 693
13, 676
42, 807

7,120
6,683
6,977
7,699
51,143

16, 508
12, 599
11,008
11,626
53,067

13, 506
13,359
11, 087
11,739
53, 729

10,371
14,259
10,574
10,657
50, 418

4,241
12,945
8,136
5,918
53.138

3,238
11,766
5,926
4,327
54, 752

4,164
11,556
5,501
4,433
55, 200

14,636
5,784
6,074
55,171

7,616
15, 095
4,959
7,573
52,130

9,654
15,568
7,553
9,479
50,190

22, 645
22,418
12,464
14,549
48, 073

13,499
17, 581
15, CS8
17,723
37,176

252
49
75
2,217
1,965

79
238
60
86
2,166
1,928

90
230
60
86
2,118
1,888

98
226
64
98
2,058
1,832

146
247
71
120
1,982
1,735

(0
0)
0)
0)
0)
(0

233
264
135
229
1,826
1, 5C2

65
451
386

52
440

51
425
374

52
411
358

59
392
332

0)
0)
0)

G8
356
2S8

53
600
547

71
614
543

73
594
521

584
517

563
494

0)
0)
(0

85
538
453

1,396
6,523

4,519
9,351

6,647
8,892

23, 326
24, 588

25, 720
17, 720

15,379
17,865

24,878
34, 425

31,771
28,132

35, 795
24,478

39, 447
15,681

106,093
85, 053

105, 645
120,865

97,140
109,674

141, 457
107,883

134,294
120, 417

229,196
195,175

247,549
203, 680

Hardwoods (Southern and Appalachian districts):
Total:
Orders:
.,, , ,
101
114
154
113
83
Xew
mill.ft.b.m..
246
265
275
256
227
Unfifled,"end of month.
mill.ft.b.m..
68
68
68
71
59
Production
mill.ft.b.m
105
86
102
135
128
Shipments....
.mill.ft.b.m
2, 260
2,498
2,417
2,323
2, 550
Stocks, total, end of month....null.ft.b.m._
2,015
2,066
2,323
2, 234
2,141
Unsold stocks
...mill.ft.b.m
Gum:
Orders, unfilled, end of month
65
65
75
73
61 !
mill.ft.b.m
460
523
481
538
532 !
Stocks, total, end of month...mill.ft.b.m_.
395
448
416
466
471
Unsold stocks
mill.ft.b.m..
Oak:
Orders, unfilled, end of month
61
76
76
mill.ft.b.m
624
608
634
661
683
Stocks, total, end of month...mill.ft.b.m..
554
547
559
5S5
631
Unsold stocks
mill.ft.b.m..
Northern hardwoods:
1,063
933
526
1,538
1. 683
Production..
M ft.b.m..
11,536 10,968
6,732
7,138
8,729
Shipments
M ft.b.m..
Soft woods
Fir, Douglas:
Exports: §
Lumber
M ft.b.m.. 32,968 19, 221 18, 276 21,035 24,809 19,085
23,308
14,453 23, 647 22,178
18,172
8,546
Timber
M ft.b.m
Orders:
M , ,
154,439
116,836
106,
540
153,
543 112,360 94,901
Newi
- ft.b.m..
Unfilled", "end of month
_.M ft.b.m 218,900 57,747 81,024 119,074 76,100 81,920
Prices, wholesale:
9.37
No. 1 common
dolls, per M ft.b.m.. 16. 20
21.22
20.80
30.81
20.02
20.60
20.64
Flooring, 1 x 4, " B " and better
dolls, per M ft.b.m_. 196. 070 79, 681 89,977 96,244 113,255 94, 454
Production^
M ft.b.m 184, 879 95, 797 105, 645 111,464 128,923 105, 645
Shipments^
M ft.b.m
1,598
1,302
976
2,433
38S
Hemlock, northern:
4,314
7,097
7,061
5,412
5, 507
Production
M ft.b.m
Shipments
M ft.b.m..
6,824
6,139
8, 792
13,599
5, 046
7,605
Pine, northern:
2,628
3. 336
1,296
15, 335
2,234
3,809
Orders, new
M ft.b.m
9,783
6,482
6,298
6,657
5,826
Production
M ft.b.m.. 14,733
Shipments
—M
tf.b.m
1 Data for July, October, December 1932 and March 1933 are for 5 weeks; other months, 4 weeks.
* New series. See p. 20 of November 1932 issue for earlier data.
° Revised.
5 Data revised for 1932. For revisions for full year 1932 se3 p. 44 of the June 1933 issue.
1p Preliminary.
Data not computed for May 1933.




8.97

8.58

9.50

10.67

11.02

11.34

13.36

20.68
81,920
82, 815

20.61
93, 558
96, 244

21.58
97, 587
104, 302

21.30
105, 645
119,970

21.34
115,046
140,114

22.42
137,428
149, 962

24. 59
175,030
197,860

13,011
9,352
1, 246
7,035
8,317 I 11,984

14,548
14,942
15,009

1,458
1,843

2, 088
2,868 I

2,305
3,109

4, 643
0
5,403

4.2.8 |

4,954
0
4,379

4,126

5,050
0
4,966

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

45

SURVEY OF CURRENT BUSINESS
1933

July

1932
July

August

Se

1933

P t p e r m - October I Novem- Decem- January February
ber
ber

March

April ! May

LUMBER AND MANUFACTURES—Continued
LUMBER-Continued
Softwoods—Continued
Pine, southern:
Exports:
Lumber §
M ft.b.m_. 29, 532
9,015
Timber §
.
_M ft.b.m..
Orders:
New
_
-.
_-M ft.b.m.. 120, 352
Unfilled, end of month
M ft.b.m_. 81,031
28.57
Price,
flooring
dolls, per M ft.b.m_.
Production
_M ft.b.m.. 125,935
Shipments
_
. . M ft.b.m.. 131, 046
Redwood, California:
Orders:
New
M ft.b.m.. 30, 646
Unfilled
M ft.b.m.. 37, 706
9,497
Production
M ft.b.m..
Shipments
. . M ft.b.m.. 31, 843
FURNITURE
Household:
All districts:
52.0
Plant operations*
percent of normal..
Grand Rapids district:
Orders:
3.0
Canceled
percent of new orders..
New
no. of days' production15
Unfilled, end of
month
no. of days' production.
17
Outstanding accounts, end of
month.
no. of days' sales.
21
Plant operations!
percent of normal34.0
Shipments
__no. of days' production.
10
Southeastern district:
Orders, unfilled, end of
month
dolls., average per firm.
Shipments
dolls., average per firmPrices, wholesale:
Beds
1926=100.
66.1
Dining-room chairs, set of 6
1926=100.
89.5
Kitchen cabinets
1926=100.
74.1
Living-room davenports.
1926=100..
76.7
Steel furniture. (See Iron and Steel Section.)

23,985
6,173

19, 224
3,695

90, 715 149,149
45, 724 79,847
18.35
17.05
83, 239 91,241
94,038 125,056

21,460
5,621

95, 685
57, 377
17.80
85,494
84,271

24,979 I
7, 582 I
179,843
92,049
18. 56
115, 783
154,498

158,833
88, 255
22. 70
120,613
159,210

13,630
24, 460
12, 603
10,989

12,151
18,824
14,319
13, 581

11,973
18,302
14,603
12, 269

13,744
17,493
12,147
14,207

17,965
19,113
9,804
15,713

29, 834
30,117
7,490
18, 249

37, 572
39. 309
7, 013
27,838

43.0

39.0

33.0

27.0

18.0

27.0

37.0

42.0

9.0
11

13.0

18.0
5

7.0

7.0
6

13.0
6

7.0

5

5

25
33.0
6

24
22.5

20
19.0
7

19
10.0
5

134,018 144,316
81, 645 74,958
17.75
17.86
80,181 113,467
127, 280 154, 329

10,791
19,334
8,057
9,470

13,990
19,943
11,023
12,862

15, 866
23, 247
10, 829
11,921

24.0

26.0

39.0

4.0
11

6.5
10

7.5
14
11

15,415
22, 798
11,101
15, 636

90, 589
50,184
18.33
99,470
107,000

24, 454
6,787
67, 529
44, 014
17.37
75,161
73,690

12, 708
21,886
12, 253
13,451

20, 876
5,254

18, 232
5,024

17,300 21,427
4,831
7,684
75,575 113,044 112,854
55,419 63,838 67,414
17.06
17.44
17.55
77, 798 87,401 88,725
81,071 100,714 110,019

24,781 ! 20,109 I
6,902 i 2, 278 j

7

10

10

21
14.0
7

21
22.0
9

27
31.0
12

27
34.0
12

25
33.0

20,850
20,684

23, 799
36,325

26, 788
40, 252

22, 407
43,665

11, 042
32, 549

9,290
16, 277

20,448
25,975

15,286
33,660

14,298
30,388

17.259
35,962

64.4
89.5
91.4
69.8

64.4
89.5
78.4
69.8

64.4
89.5
91.4
69.8

64.4
89.5
91.4

63.9
89.5
91.4

63.9
89.5
91.4
69.8

62.1
89.5
87.5
73.6

62.1
89.5
87.5
73.6

62.1
89.5
74.1
73.6

8.0 i
8 I

21,1S8
4, 560

3.5
11

5

18
24.0
6

18
25.0
6

62.1
89.5
74.1
73.6

62.1
89.5
74.1
73.6

63.6
89.5
74.1
76.7

80,567 100,395
22,114 28,061

123,169
26, 295

102, 581
34, 368

19
14.0
6

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
January 1921 = 100. _
Ore
Iron ore:
Consumption by furnaces
thous. of long tons..
2,626
Imports
thous. of long tons..
81
Receipts:
Lake Erie ports and furnaces
thous. of long tons..
2,483
Other ports
thous, of long tons..
515
Shipments from mines.-thous. of long tons..
3, 431
Stocks, total, end of month
thous. of long tons.. 27 772
At furnaces
thous. of long tons.. 22, 980
4, 792
Lake Erie docks
thous. of long tons..
Manganese ore, imports (manganese content) #
thous. of long tons..

52, 558
18,496

32,955
23,623

36,038
29, 241

41, 226
33, 706

56,023
34,924

54,139
29,390

56, 720
21,892

63,936
19, 748

29.48

29.33

29.32

29.32

29.12

28.93

28.69

28.31

28.35

28.16

28. 45 !

23. 73

72

80

81

76

65

57

55

54

59

80 i

95

645
17

607
25

697
19

735
16

40

630
8

634
7

593
45

772
15

470
78
640

619
88
722

549
172
641

614 '
220 !
927 j

299
57
250

0
0
0

0
0
0

ooo

METALS AND MANUFACTURES

0
0
0

28
83

32,059
26, 761
5,298

32,164
26,896
5,268

32, 324
27,083
5,241

32,084
26,893
5,191

31,490
26,328
5,162

30,812
25, 680
5,132

30,152
25,047
5,105

29, 557
24, 486
5,071

28,848
23,879
4,969

3

0

0

2

32, 457
27,234
5,223

0

0 !

1,260
21

1.394
39
SS7
313
1,281

28,314
23.407 !
4,907 !

27,479
22,690
4, 789

3I

Iron, Crude, and Semimanufactures
Castings, gray-iron:
Orders:
59
143
64
162
108
61
61
56
New._
av. tons per foundry..
71
69
50
75 I
Unfilled, end of month
S3
44
49
52
41
49
47
51
49
51
65
av. tons per foundry.. . 103
58
122
59
66
69
99
62
141
65
74
65
68
78
78
Production.
av. tons per foundry..
169
145
64
90
206
72
83
96
103
67
86
96
103
Receipts (materials)_.av. tons per foundry..
303
221
236
254
359
217
232
236
242
210
231
246
237
Stocks (materials)
av. tons per foundry..
Castings, malleable: *
11,273 12, 508 18,449
24,671 ! 31,997
7,776 10, 582 12,850 14, 304 14,504 12, 645
8,658
Orders, new
short tons.. 28, 403
13,780
24,628 ; 31, 118
6,804 10,051 12, 274 13, 622 14,128 12, 638
9,959 18,566
9,447
Production..
short tons.. 30, S45
16.2
16.2
29 0 j
35.8
14.9
8.0
16.0
11.4
11.6
14.5
21.8
36.3
11.1
Percent of capacity
14,215 11,077 17, 261
23,077 i
29,268
8,631
9,746 11,615 12. 745 14, 366 14,315
11, 359
Shipments
short tons.. 29,135
Pig iron:
Furnaces in blast, end of month:
33, 160
51,675
18, 910 15, 580 22,805
16, 225 19, 205 20,170 20,860 15,810 18,820
Capacity
long tons per day_. 59, 930 17, 525
48
03 i
90
42
45
38
45
46
42
51
49
Number
106
47
Prices, wholesale:
13.50
13.50
15.00
13.50
13.50
13.50
14. 20
13.50
13.50
13.50
13. 50
13.50
Basic (valley furnace)..dolls, per long ton..
15.50
14.75
16.02
14.68
14.68
14.68
14.69
14.74
Composite pig iron
dolls, per long ton..
16.70
14.85
14.71
14.81
15. 45 ;
14.73
Foundry, no. 2, northern (Pitts.)
16.39
16. 39
10.59 :
16. 39
16.39
17. 39
16.39
16.39
16.39
16.39
16.39
16.39
dolls, per long ton..
17.89
624
554
542
569
546
1. 205
645
631
Production
_
thous. of long tons..
1, 792
531
593
8S7
572
• New series. For earlier data see p. 20 of November 1932 issue (iron and steel imports) and p. 20 of the April 1933 issue (castings), Furniture activity, all districts, not
published.
# Imports from Cuba not included.
t Revised. Earlier data not published.
§ Data revised for 1932. For revisions for full year 1932 see p. 45 of the June 1933 issue.




46

SURVEY OF CURRENT BUSINESS
1933

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1932

1933

FebruDecem1 August Septem- October NovemJanuary ary
ber
ber

July

Julv

September 1933

March

April

48,454
42,169
26, 543
559,851

20, 837
29,004
25, 979
554,391

44,681 I 70, 265
22,918
88,444
20,025 I 53,934
583,037 ! 549, 059
I

29, 801

36, 338

39,024 J

92, 265

6,247

4,967

8, 872 |

35, 074

4,146

3,289

7,397 i
1,475
34,866
35,119
25, 590

1,639 I
63, 724
65,103
24,151

67,'

2,393
1, 792
24, 927

3, 242
2, 403
26,063

3, 870
4, 159
20, 124

May

June

METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Iron, Manufactured Products
Cast iron boilers and radiators:
Boilers, gas-fired:
Production
,
thous. of B.t.u_.
Shipments, quantity
thous. of B.t.u.Shipmerjts. value
.
dollars..
Stocks, end of month
thous. of B.t.u..
Boilers, range:
Orders:
New
number of boilers..
Unfilled, end of month, total
number of boilers..
Delivery, 30 days or less
number of boilers..
Delivery, more than 30 days
number of boilers.
Production
number of boilers..
Shipments
number of boilers..
Stocks, end of month..number of boilers..
Boilers, round:
Production
thous. of lb_.
Shipments
thous. of lb_.
Stocks, end of month
thous. of lb_.
Boilers, square:
Production
thous. of lb_.
Shipments.
thous. of lb_.
Stocks, end of month
thous. of lb_.
Boiler fittings, cast iron:
Production
..short tons..
Shipments
_.short tons..
Boiler fittings, malleable:
Production,..
_
short tons..
Shipments
short tons..
Radiators:
Production.thous. of sq. ft. heating surface..
Shipments.-thous. of sq. ft. heating surface..
Stocks, end of month
thous. of sq. ft. heating surface..
Radiators, convection type:
New orders:
Heating elements only, without cabinets or
grilles.thous. of sq. ft. heating surface#_.
Heating elements, including cabinets and
grilles.thous. of sq. ft. heating surfaced.
Sanitary Ware
Bathroom accessories: •
Production
number of pieces..
Shipments
____..number of pieces..
Stocks, end of month
number of pieces..
Plumbing brass. (See Nonferrous metals.)
Plumbing and heating equipment, wholesale
price (8 pieces)*
dollars.
Porcelain enameled flatware:
Orders, new, total
dollars..
Signs
dollars..
Table tops
dollarsShipments, total
dollars..
Signs
dollars..
Table tops
_
dollars.
Porcelain plumbing fixtures:
Orders:
New, net
number of pieces.
Unfilled, end of month..number of piecesShipments
.
number of piecesStocks, end of month
number of pieces.
Vitreous china plumbing fixtures:
Orders:
New, net
number of piecesUnfilled, end of month,.number of pieces.
Shipments
..number of piecesStocks, end of month
number of piecesWoodwork, plumbers':
Orders:
New, net
_
number of piecesUnfilled, end of month..number of pieces.
Shipments
_
number of piecesStocks, end of month
number of pieces.

37,
49,
47,
613,
43, 547

732
406
751
533

58, 786
76,265
79,831
591, 220

100, 732
91,465
81, 844
555, 483

87,771
94,748
97,193
531, 238

83,731
58, 680
52, 446
563,333

26, 555

30, 750

39, 326

51, 073

35, 551

9, 207
64,989
42,911
42,662
41,382 j 38,243
521,374 j 528,238
27, 564

24,734

5, 304

6, 585

6,900

8, 320

6,333 I

8,073

21, 280

3,260

4,952

5, 290

6, 917

4,591 |

5,639

3, 454
47, 348
43,761
27, 447

2.044
32,124
30, 475
26, 746

1,633
28, 796
29, 469
26,073

1, 610
37, 297
39,011
24, 359

1,680
3,240
35,794

2, 225
3,891
34, 273

3,648
6,225
31,963

9,142

9,276
126 826

9,734
13,653
123,174

13,793
19,113
118, 280

4,417
6,072

1, 455
2,029

1,655
2,665

2,426
3,461

4,107
4,499

1.274
1,503

1,229
1,537

1,388
3,392

1, 742 I
36,923 !
37.538 j
23,003 1
I
6,220 i
3, 639 !
8,896
4,704 I
29,617 I 28,734 |

1,403
48. 912
49. 653
23, 618

I

35, 774
j
6,016 j
I
3,586

2, 434
29,375
27, 582
26,195

2,430
39,991
37. 831
28, 355

2,101
27. 042
29, 570
25, 827

1.823
3,552
26, 863

2,035
2,102 (
24,517

2 279
2,133
24,736

1, 678
38, 251
37, 618
25, 843
1, 811
1, 772
24, 235

i

34, 335

44,308
06, 757
49,170
518, 384
1

54, 481
24, 948

1

21, 863

085
216
507
860

11,003 I 4,918 |
13.335
10,434 j
107,572 I 101,448 j

6,144
6,410
£9,032

7, 602
5, 567
100, 585

6,211
4,860
100, 409

9,613
4,465
105,457

12, 140
r.,412
111,099

3,187 I
3,954 i

2,787 I 1.717J
3,019 j

2,165 I

1,401
2. 319

1, 514
2,161

1, 592
2, 228

1,577
2,322

2 c-19
1, 191

4,706
464

1,743
2,215

2,128 !
2,027 I

1,804 I

1, 025

995
1,375

1, 088
1,433

1, 100
1, 302

1, 284
1, 586

2, 140

1,701 I 1,115

3. 607
3,765

1,975
4,340

2, 751
5,331

4,472
7,630

4,299 |
4,816 i

3,236
3, 474

2,547
2,001

2,992
1,634

2, 231
1, 542

3,002
1,605

3, 754
2,133

4, 138
3, 346

35,935

33,688

31,270

28,363

27,967 1 27.838 j 28,250

29,646

30,417

31,992

33, 512

•35, 026

55

85

156

126

87

48 |

33

35

35

GS

95

173

196

165

211

180

155 |

86 I

60

123

241

160

30,785
31, 673
660,518

28, 664
42, 555
646, 627

35,136
45,811
644,438

34,182
49, 410
621,195

25,138
36, 360
613, 227

24,095
23, 623
612, 702

24,033
27,088
608, 851

20,119
33, 562
593,720

14, 315
29, 698
420,318

192, 96

192. 31

192. 57

193. 28

192. 43

192. 63

186. 40

182. 80

182. 00

182. 03

183. 93
493, 892
217,813
91,861
504,576
216,901
106, 946

3,041
3, 430
2,381
11,345

16,824
25,845
109,730

54 j
142;

539
828
938

13,
10,
116,

!

203. 68

3,245
4,537
2,933
10,635

371
931
475
683
611
899

236, 234
87,158
48,685
249,817
101,148
48, 202

278, 361
102, 219
59, 574
271,694
113,582
50, 424

344,763
144, 615
75,177
324,114
126,671
72, 983

475,156
195,358
121,182
388,115
148,793
104, 820

1,708
3,124
1,833
13,838

1,643
2,888
1,442
13,343

1,404
2,884
1,399
11,811

2,104
2,991
1,936
11,490

1,698
2,776
1,885
11,339

687
480
594
245

80, 283
79,903
89, 395
506,126

77, 531
76,802
80, 632
472,472

118
99
96
443

55,366
60,967
72, 330
111, 847

71, 303
72,684
60,400
112, 416

70, 737
72, 657
70, 764
112, 457

349, 496
148,089
52,011
406,066
193,279
54, 218

366, 279
131,644
75,650
422,290
175,715
83, 075

412,119
123,861
94,831
453,808
159,400
101, 582

460, 683
157, 678
123, 484
461,617
146,812
121, 222

385,718
172,933
77, 681
404,273
172,467
83, 551

2,079
3,240
1,878
15,036

3,217
3,455
2,991
14,479

3,628
3,980
3,021
13, 560

2,788
3,747
2,900
14,580

2,547
3,405
2,799
13,053

80,890
109,923
92,751
520,194

98,156
109, 297
98, 782
512, 697

77,424
91, 738
94,983
504,039

86, 721
87,601
91, 061
486,470

65, 426
83,826
66, 437
496,039

56,
85,
57,
518,

77, 247
80,112
78,423
140, 272

95, 232
70, 669
104, 675
135,110

141, 736
77,443
134, 962
118, 921

94, 226
78, 670
94,392
117, 633

71,413
78,157
71,926
115, 330

362,
216,
46,
389,
232,
55,

024
787
569
369

296, 264
307,118
187, 933
340,218

77 781
71 170
79 268
113,953

97,851
77, 592
88,467
106, 715

169,543
130,715
116,420
101,774

697
332
167
858

245,
198,
145,
391,

19 -.50

402
228
979
300
375
676

653
210
191
556
209
116

3,246
4,362
2,197
11,184

206
318
194
315

139
412
845
371

Steel: Crude and Semimanufactured
Bars, steel, cold finished, s h i p m e n t s . s h o r t tons!
Castings, steel:
Orders, new, total
short t o n s .
Railroad specialties
...short tons.
Percent of capacity
Production, total
short t o n s .
Railroad specialties
short t o n s .
Percent of capacity
Ingots, steel: f
Production—
thous. of long t o n s .
Percent of capacity
Prices, wholesale:
Composite, finished steel
dolls, per l b .
Steel billets, Bessemer (Pittsburgh)
dolls, per long t o n . .

13,431

7,229

9,572

12, 209

11, 934

12, 759

13, 253

14,196

8 726

16, 624

23, 132

32, 774

28,571
7,553
19
27,421
6,295
19

9,301
1,968
6
11, 460
2,609

10,147
1,531
12, 331
2,465

11,882
3,337
8
11,334
2,520

11,896
2,998
8
12, 531
2,617

13, 235
2,918
9
13,712
3,672

13, 283
2,680
9
13,886
2,721
10

12,942
3,088
9
13,951
2,753
10

11,857
2,489
8
12,438
2,259
9

11, 458
2,784
8
13, 209
3,285
9

14, 507
4,692
10
12,071
2,806
8

° 20, 782
3, 642
14
a
19, 072
3, 470
13

32 026
6 828
22
2" ?>00
167
4
19

3,204
59

807
15

15

992
18

1,087
19

1,032
18

861
15

1,030
18

1,087
21

910
16

1,363
25

2,002
34

2,598
46

.0217

.0217

.0217

.0216

.0216

.0215

.0214

.0212

.0210

.3210

.0206

.0208

0209

26.00

26.00

26.00

26.00

26.00

25.00

26.00

26.00

2G.00

26. 00

26.00

26.00 i

26.00

• Revised.
• New series. For earlier data, see p. 20 of the January 1933 issue (price series). Earlier figures on bathroom accessories and convection type radiators not published,
t Series revised for 1932. For revision for months, January-April, see p. 46 of the July 1933 issue.
• Inequivalent direct radiation.




Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

47

SURVEY OF CURRENT BUSINESS

September 1933

1932

1933
July

July

1933

j Decem- January
August SeptemOctober November
ber
ber

February

March

.0160
5.25

.0160
5.25

.0160
5.25

1,899

1,854

April

May

June

METALS AND MANUFACTURES—Continued
IRON AND STEEk-Continued
8tee!: Crude and Semimanufactured—
Continued
Prices, wholesale—Continued
Structural-steel beams (Pittsburgh)
dolls, per lb_.
Steel scrap (Chicago).dolls, per gross ton_.
U.S. Steel Corporation:
Earnings, net
thous. of dolls..
Orders, unfilled, end of month
thous. of long tons.Steel: Manufactured Products
Barrels, steel:
Orders, unfilled, end of month
numberProduction
numberPercent of capacity
.
Shipments
number.
Stocks, end of month
numberBoilers, steel, new orders:
Area
.
_.thous. of sq. ft.
Quantity
number of boilers.
Furniture, steel:
Business group:
Orders:
New
thous. of dollsUnfilled, end of month thous. of dolls.
Shipments
thous. of dolls.
Shelving:
Orders:
New
thous. of dolls.
Unfilled, end of month. ..thous. of dolls.
Shipments
-thous. of dolls.
Safes:
Orders:
New
_
thous. of dolls.
Unfilled, end of month, __thous. of dolls.
Shipments
thous. of dolls.
Lock washers, shipments
thous. of dolls.
Plate, fabricated steel, new orders, total
short tons_
Oil storage tanks
short tons.
Sheets, black, blue, galvanized, and full finished:
Orders:
New
.
short tons.
Unfilled, end of month
short tons.
Production, total._
_
..short tons.
Percent of capacity
_.
Shipments
short tons..
Stocks, end of month, total
short tons..
Unsold stocks
.short tons.
Structural steel, fabricated:
Orders, new
short tons.
Percent of capacity
Shipments..
short tons..
Percent of capacity
Tin and terne plate: *
Production.
_.
thous. of long tons..
Track work, production
short tons..

.0160
5.93

1,985

1,997

1,968

617,165
362,993
26.0
360, 509
34,934

613,373
395, 640
28.4
398,241
32,333

475,318
422, 637
30.2
417,470
37, 500

387, 050
373,190
26.7
376,647
34, 043

330, 359
300, 570
21.6
307, 372
27,160

275,354
292, 201
21.0
292,609
26, 752

351
331

291
403

467
443

232
379

316
301

156
215

607
541
523

554
493
522

574
524
543

551 j
536 j
578 i

577
582
622

577
577
582

180
206
156

114
185
155

125
169
141

153
180
146

144
181
142

129
213
119

116
207
89
58

129
219
118
43

97
214
102
50

20,058
6,013

12,485
3,661

11,916
4,394

174,191
228, 696
188,143
58.0
174,145
104, 815
42, 095

66, 301
77,432
60,956
16.3
73,191
114,518
68,450

.0180
4.88

.0160
5.75

2,020

1,966

1,970

647. 924
555, 404
41.0
552,923
28,668

729,669
352, 614
24.6
353, 336
32,450

611
498

188
2,982

.0160
5.25

.0160
8.91

. 0160
6. 00

.0160
8. 45

1,841

1, 865

1. Q30

453, 083
269, 755
19.7
272,432
24, 075

510, 737
373, 340
27.2
371,945
25, 470

526,491
401, 086
29.2
402, 506
24,050

614,214
465,418
33.9
467, 695
21,773

218
197

128
176

245
193

™\

589
551
611

552
521
583

449
505
464

419
442
482

447
374
405

139
194
125

153
142
135

106
127
121

117
139
104

142
143
138

159
168
134

08
191
107
66

102
116
65

84
171
82
82

112 I

200
108
52

117
209
106
59

84
180
117
90

100
190
89
114

118
203
105
168

11,109
3,753

16,737
5,941

7,873
1,446

9,510
3,154

11,128
1, 501

16,588
8,347

8,903
1,270

9, 502
2,983

16, 242
2, 858

* 37,020
20,894

66,132
81, 283
57,417
15.3
61, 284
107, 680
58,651

78,925
86, 570
89,817
23.9
75,490
107,624
58,797

94, 656
90, 707
108, 111
28.7
92,424
105, 833
60,257

66, 274
77, 339
90, 679
26.6
76, 866
103, 321
60,177

76,962
84, 390
77,489
22.7
67.412
94,658
57.413

75,615
77,509
85,337
25.9
79,234
94,783
54,831

80, 550
83,760
91,723
27.8
72, 772
100, 688
57,296

83, 295
91,993
64, 724
19.6
74,880
95, 606
52,199

118,594
111,311
111,942
34.5
100, 353
91, 859
47, 815 j

144, 192
136, 592
139,696
43. 1
H9,159
98, S91
51, 295

246, 737
229,436
166,272
t- 51.2
152.953
104, 355
50. 067

69, 200
17
83, 600
21

78, 800
20
85, 600
21

111,200
28
90,800
23

74,400
19
86,400
22

51,600
13
76,000
19

145, 600
36
68,800
17

83

75
1,797

77
1,430

88
1,245

82
1,765

1,845

1,822

82
2,013

94
1,662

145
1,768

194
2,471

578
48
332
198

546
35
290
221

632

739
48
360
331

670
72
287
311

554
93
230
231

411
62
209
141

345
41
186
118

350
60
187
103

412

334
260

580
106
308
167

802
111
491
200

13
422
18

37
401
51

67
414
61

31
222
42

36
209
43

12
220
29

13
177
44

21
189

39
196
32

39
228

33
228
33

81
265
44

49
17, 371
15,685

78
34, 627
28,099

63
25, 259
33,122

26,829
31,810

78
26,266
28,772

46
18,792
22,102

18.7
25.8
16.5

18.6
15.2
29.8

11.9
17.6
10.2

23.2
24.4
17.6

11.8
22.4
14.5

18.6
13.3
24.7

68.4
58.5
23.2

16.1
60.0
14.6

50.4
19.7

19.4
14.7
55.1

25.6
16.8
24.5

45.5
24.8
37.4

4,688
568
4,593
9,850

7,319
647
7,240
9,645

11,621
1,071
11,197
8,319

12,036
939
12,168
6,772

3,920
464
4,395
6,935

3,371
779
3,074
7,812

1,694
646
1,827
7,813

1,956
311
2,019
7,534

2,878
615
2,574
7,162

2, 755
526
2,844
7, 526

3,562
675
3, 413
7,815

4,694
1,480
3,889
7,632

d

MACHINERY AND APPARATUS
Air-conditioning equipment:
794
Orders, new, total
thous. of dolls..
135
Air-washer group
thous. of dolls..
442
Fan group
_.thous. of dolls..
216
Unit-heater group
..thous. of dolls _.
Electric overhead cranes:
Orders:
159
New__
thous. of dolls..
349
Unfilled, end of month
thous. of dolls..
75
Shipnients
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:
48.8
New
1922-24=100.35.8
Unfilled, end of month
1922-24=100..
38.3
Shipments....
....1922-24=100..
Fuel equipment:
Oil burners:
Orders:
6,212
New.
no. of burners..
1,487
Unfilled, end of month__.no. of burners..
6,205
Shipments
no. of burners..
7,487
Stocks, end of month
no. of burners..
Pulverized fuel equipment:
Orders, new, central system:
Furnaces and kilns__.no. of pulverizers..
Water-tube boilers
no. of pulverizers...
Orders, new, unit system:
Fire-tube boilers
no. of pulverizers..
Furnaces and kilns no. of pulverizers..
Water-tube boilers
no. of pulverizers .
* Deficit for quarter.




.0160
6.25

.0160
6.00

.0160
10.41

d

4, 475

85

3, 795

0i
I

0

1
0
10
N

New series. For earlier data see p. 20 of the December 1932 issue.

4.882

641.441
572, 851
J 42. 0
568, 437
2C, 187

396

550
511

544
406
512

686
456
636

235

235
97

2,107

178
182
166

48

SURVEY OF CURRENT BUSINESS
1932

1933

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

July

September 1933

July

August

1933

Septem- October Novem- Decem- January Februber
ber
ber
ary

March

May

April

June

METALS AND MANUFACTURES—Continued
MACHINERY AND APPARATUS—Con.
Fuel equipment—Continued
Stokers, mechanical, new orders:
Class 1, residential *
number..
Class 2, apartment and small commercial *
number..
Class 3, general commercial and small
commercial heaters *
number..
Class 4, large commercial: *
Number._.
^Horsepower
_
Machine tools:
Orders:
New
_
1922-24=100..
Unfilled, end of month
.1922-24=100..
Shipments
___
1922-24=100..
Pumps:
Domestic, water, shipments:
Pitcher, hand, and windmill
...units—
Power, horizontal type
units..
Measuring and dispensing, shipments:
Gasoline:
Hand operated
units..
Power
_
units..
Oil, grease, and other:
Hand operated
units..
Power
units..
Steam, power, and centrifugal:
Orders:
New
thous. of dolls..
Unfilled, end of month...thous. of dolls..
Shipments
thous. of dolls..
Water-softening apparatus, shipments..units..
Water systems, shipments
units..
Woodworking machinery:
Orders:
Canceled
thous. of dolls..
New.
thous. of dolls..
Unfilled, end of month
thous. of dolls..
Shipments:
Quantity
..machines..
Value
__
thous. of dolls.

667

432

757

709

521

251

307

252

218

357

83

44

143

1,243 | 1,299
200

167

89

55

24

27

18

8

19

18

81

48

82

100

102

50

64

33

29

22

15

42

49

172
41, 249

114
25, 068

137
26, 056

166
29,139

117
20,819

91
13,283

98
18, 375

63
12, 248

55
11,113

84
16, 550

57
13, 599

93
23,212

187
32, 723

36
45
32

32
49

4SS

40
40
31

44,036
524

18, 680
388

19,983
412

22, 595
324

14,247
334

12,415
321

12, 772
256

17,819
258

18, 303

19,073
303

22, 778
350

30,755
496

39,291
578

1,464
6,720

2,573
5,619

2,411
5,697

1,731
4,316

1,813
4,692

1,681
4,442

1,080
2,941

1,144
2,974

965
3,221

1,418
4,048

1,745
4,925

2,450
° 6,089

2, 038
6,940

20, 702
646

21, 965
366

23, 752
751

28, 305
1,647

25,105
972

30, 031
493

20,408
355

14, 754
401

14,918
290

15,651
367

20,958
576

32, S49
497

25,096
429

732
1,475
517
197
7,560

391
1,450
493
154
5,441

387
1,369
437
185
5,818

437
1,333
450
263
5,088

387
1,310
399
217
3,999

368
1,193
378
185
3,188

359
1,051
494
182
2,258

277
1,012
310
208
3,533

424
1,103
318
190
2,908

404
1,066
434
171
2,778

466
1,093
435
167
3,706

511
1,126
474
215
5,605

736
1,261
597
232
6,358

5
370
369

1
162
289

1
139
249

2
187
256

161
221

5
147
195

11
167
171

2
124
179

5
113
187

97
201

138
20;

341

228
322

113
114

195
173

114
175

153
193

134
164

159
175

100
111

104
98

3
272
290
149
191

12, 732

132

275
316

NONFERROUS METALS AND
PRODUCTS
Metals
Aluminum:
Imports, bauxite
..long tons.
Wholesale prices:
No. 1, virgin, 98-99, N.Y
dolls, per lb.
Scrap, cast, N.Y
dolls, per lb.
Babbitt metal:
Production, total
thous. of lb.
For own use
thous. of lb.
Sales
..thous. of lb.
Copper:
Exports, refined§
short tons.
Imports, total §
short tons_
Ore and blister
.short tons.
Price, electrolytic, N.Y._
dolls, per lb.
Gold. (See Finance.)
Lead:
Ore:
Receipts in U.S. ore
short tons
Shipments, Joplin district
short tons.
Reiined:
Imports
short tons.
Price, pig, desilverized, N.Y._dolls. per lb.
Production
short tons.
Shipments, reported
.short tons.
Stocks, end of month
short tons.
Silver. (See Finance.)
Tin:
Consumption in manufacture of tin and
teraeplate *
--long tonsDeliveries
..long tons—
Imports, bars, blocks, etc
long tons—
Price, Straits, N.Y
dolls, per l b Stocks, end of month:
World, visible supply
..long tons—
United States
long tons—
Zinc:
Ore, Joplin district:
Shipments
short t o n s Stocks, end of month
short tons—
Price, slab, prime, western (St. Louis)
dolls, per lb—
Production, total (primarj7)
short tons..
Retorts in operation, end of mo-_.number_Shipments, total
short tons—
Domestic...
short tons—
Stocks, refinery, end of month.-.short tons..

15, 844

10, 809

11,008

11,553

10, 481

9,546

10, 777

11,176

10,974

.2290
.0663

,2290
. 0300

.2290
.0300

. 2290
.0300

.2290
.0315

.2290
.0400

.2290
.0400

.2290
.0400

.2290
.0400

.2290
.0400

.2290
.0416

.2290
. 0548

.2290
.0675

2,485
544
1,941

1, 276
405
871

1,320
325
994

1,406
293
1, 108

1, 573
331
1,193

1,265
321
945

1,149
326
824

1,346
272
1,074

1,178
260
918

1,135
193
942

1,544
274
1,270

2,111
325
1,786

2, 328
450
1,878

12, 592
14, 644
14, 642
. 0864

7, 576
4, 936
4.936
.0505

8,240
8, 329
7, 881
.0522

15, 321
7,067
6, 277
. 0598

8,318
6, 636
6,609
.0573

5,839
4,944
4,944
.0513

9,826
10,301
9, 604
.0481

12, 567
8, 768
8,187
.0478

12,515
8,004
8,004
.0478

12,139
8,563
8,548
.0501

10, 644
7,214
5,423
.0540

10,976
11,120
9, 889
.0670

12,575
12,305
10,445
.0777

25, 465
2,298

22, 580

22, 299
1,915

24,037
2,298

17, 335
2,552

17, 673
2,772

17, 502
3.807

20, 939
o, 470
58
.0275
.0445
18, 526 15,819
45, 200 20, 448
170,981 180, 978

20, 333 20, 421 20,755 21, 245
1,990
1,346
2,615
770
1,113
5, 563
331
1, 220
. 0305
.0347
.0324
.0305
17,118 20, 498 21, 092 24, 465
29, 624 27, 682 31,045 23, 065
175, 907 173,159 171, 415 175, 532

48C
.030C
21,173
24,08S
176,15'

66
200
2,531
.0315
. 0300 .0300
24, 615 20, 033 24,684
19,030 17, 349 21,950
184, 693 189, 75: 194.251

18.345

518
183
20
.0326
. 0417
. 0365
23, 385 19, 405
21, 783
25, 378 28,197
34, 825
196, 827 197,109
193, 005

2, 920
6,540
8,449
4,638

1,400
2,265
3,098
.2093

1,200
2,585
2,399
.2296

1,100
2, 680
2, 663
.2476

1,400
3,130
3,063
. 2392

1,300
3,240
2, 582
.2332

1,300
2,645
3,786
.2269

1,360
3,725
2,802
.2270

1,400
3,045
2,262
.2350

1,310
3,330
2,830
.2434

1,460
4,555
4,274
.2715

2,260
4,835
5, 725
.3591

38,043
4,549

49,125
4, 559

47,177
4, 459

47, 739
4, 191

47, 048
4,291

47, 471
3,441

45, 796
4,496

44, 223
3,461

43,160
2,741

43, 528
2,281

42, 541
2,040

41,883
3,036

7, 745
70, 454

7,192
67, 902

12, 032
64,136

24, 715
51,201

22, 280
42, 891

23, 948
37, 500

30, 875
24, 515

22, 262
18,343

10,976
19, 8.30 13, 869
19,987 17,167 18,108
.0299
.0330
. 0331
22, 095 21, 449 21, 730
22, 375 22,405 23, 569
16,156
19,381 27,543
16,156
19, 336 27, 543
140, 3' 142, 447 136, 634

.0309
.0332
.0303
. 0254 .0276
.0488
30,905 14.716 13,611 13, 260 15, 217 16,0'
19,
752
17,
369
14,
514
18,
295
14,915
25, 836
45, 689 12, Sil 16, 360 20,638 19,152 15, 97
19,132
15,
95C
12,841
16,
321
20,
618
45, 66'
109,141 135, 902 133,153 125, 775 121,840 121,94!

.0312
.0302
.0267
18,653 19,828 20,076
21,023 22, 660 23, 389
15, 745 15, 040 15, 280
15, 725 15, 000 15, 280
124, 856 129, 644 134, 440

12, 944

3,020
6,145
6,839
. 4421
39,964
3,474
20, 456
15, 232
.0435
24, 027
24, 404
36, 737
36, 693
123,924

Electrical Equipment
C o n d u i t , nonmetallic, s h i p m e n t s . . t h o u s . of ft.
D e l i n q u e n t accounts, electrical t r a d e . (See
Domestic trade.)
Furnaces, electric, new orders
kilowatts.

2,19-

1,129

1,180
106 j

1,87
100

1, 984

1,70;

1,045

1,34

1,622

62

* New series. For earlier data sea p . 19 of the January 1933 issue (stokers) and p. 20 of December 1932 issue (tin consumption).
§ Data for 1932 revised. For revisions for full year 1932 see p. 48 of the June 1933 issue.




846

1,091
2, 157

2,303

2,609

68S

1, 357

49

SURVEY OF CURRENT BUSINESS

September 1933

1932

1933

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

July

1933

Decem- January FebruOctober NovemAugust September
ber
ber
ary

July

March

April

May

June

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS—Continued
Electrical Equipment—Continued
Electrical goods, new orders t (quarterly)
thous. of dolls..
Laminated phenolic products, shipments
dollars.. 578,503
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
thous. of dolls..
Porcelain, electrical, shipments:
Special
dollars.. 45, 922
Standard.._
dollars.. 30, 498
Power cables, shipments
thous. of ft_.
245
Power switching equipment, new orders:
Indoor
_
dollars..
Outdoor
dollars..
Radiators, convection type. (See Iron and steel.)
Reflectors, industrial, sales
units..
Vacuum cleaners, shipments
number..
Vulcanized fiber:
Consumption
thous. of lbs..
2,032
Shipments...
_
thous. of dolls..
434
Welding sets, new orders:
Multiple operator
.units..
Single operator.units..

62,912

63, 319

57,897

327,913

284, 779

375,849

456, 720

379, 687

325,004

299,259

294, 230

48
45

44
49

49
47

51
56

46
65

45
56

46
58

29
50

191,601
149,407

163, 242
134,651

160,016
137, 704

129,488
124,546

150, 283
146,813

186.285
133,950

108,871
83,679

136, 566
168, 266

173

191

146

560, 582

622,979

34
53

42
76

122
90

150, 571 128, 786
141,313 118,359

231, 210
158,094

28
48

213, lf.7
265, 054

137

130

157

204

27,897
15,770
439

38,311
17,188
285

25, 722
17,197
288

34,813
21,181
246

43,733
45, 781
412

19,799
42,173

25, 096
33, 784

10, 812
36,482

17, 356
74,979

23,161
35,936

29, 699
38, 727

27,668
28,462

25,952
30,106

25,381
43,340

30, 223
37, 934

32,142
41,661

23, 506
50, 527
38,970
44, 531

948
188

876
204

811
192

864
206

1,357
285

1
101

3
39

874
187
1
57

1
70

2
94

1, 904
404
0
156

1,586
15,991

2,274
16,408

3,804
16,712

4,973
16, 568

176

193

179

142

147

22,468
15,295
646

32,074
19,121

37, 257
20,820
544

49,051
22, 688
420

42, 664
15,715
343

29,007
11,450
282

20,310
14, 721
254

15, 472
50,108

22,064
48,058

20,316
45,139

13,345
26,216

15, 343
38, 000

17, 703
58, 618

22,061
21,697

35,094

37,736
33, 821

38,453
38,000

35,327
36,178

494

664
203

753
255

1,047
260

245

0
70

79, 514

311, 439 391, 055

Miscellaneous Products
Brass and bronze (ingots and billets):
Deliveries
net tons..
Orders, unfilled, end of month
net tons..
Brass, plumbing:
Shipments *
number of pieces..
Brass sheets, wholesale price, mill
dolls, per 1b...
Copper, wire cloth:
Orders:
Make and hold-over, end of month
thous. of sq. ft..
New
thous. of sq. ft..
Unfilled, end of month
thous. of sq. ft..
Production
thous. of sq. ft..
Shipments
thous. of sq. ft..
Stocks, end of month
thous. of sq. ft_.
Fire-extinguishing equipment. (See automobiles.)

5,601
15, 657

1,397
17, 421

1, 758
18, 790

2.112
18,336

1.969
17,002

1.646
16, 648

1,492
16,373

1,261
15,934

1,421
14,952
J

664, 573 "1,007,966 1,291,994

604,154

641,498

789,862

837, 258

637,923

446, 608

493,477

.140

.120

.120

.124

.125

.125

.125

.110

.110

.110

.115

272
379
735
400
477
738

501
253
126
199
241
892

533
310
117
281
283
878

525
309
103
299
306
865

503
288
103
308
276
901

506
301
115
289
275
800

507
249
130
253
227
921

487
275
106
241
257
868

518
257
110
220
220
863

542
317
118
267
265
832

549
281
102
256
238
845

585, 775

.122

.133

543
642
294
305
829

510
484
G4S
458
457
^02

82,176

137,206

18, 084

18, 6S4

4(j()

PAPER AND PRINTING
WOOD PULP
Chemicai:
Consumption and shipments total
short tons
132,876 151, 502 157, 202 172, 764 163,454 143,140 159, 268
Soda
short tons
17, 284 21,190 21,106 21, 274 20, 572 16,910 20, 580
Sulphite, total
short tons
88,120 99, 404 103,308 111,602 107, 684 96, 036 108,022
Bleached
short tons
29, 276 30,138 34,784 37,158 34,972 32,466 43,314
Unbleached
short tons._
17,466 22, 364 22,756 24,590 23, 646 18,010 22, 744
Sulphate
..short tons.
26,936 30,034 32, 076 39,294 34,736 29, 596 30,040
Other grades
..short tons.
652
536
874
626
462
594
598
Imports §
short tons.. 178,577 61,127 73,721 78, 095 119,612 142, 363 146,289 138,971
Price, wholesale, sulphite, unbleached
dolls, per 100 lbs..
1.58
1.58
1.58
1.58
1.53
1.53
1.58
1.64
Production, total
short tons.
134, 774 151, 632 159,028 175, 610 164,856 144,150 165,182
Soda
short tons.
16,192
20,094 19,852 21,102 19, 604 16, 448 19, 934
Sulphite, total
short tons..
88,982
99,644 103,586 111,452 108,152 95, 036 111,610
Bleached
.short tons.
27, 480
30,546 35,940 36,986 34,906 31, 558 41,964
Unbleached..
short tons.
21, 408
24, 012 23,582 26,424 24, 238 17, 916 27, 288
Sulphate
short tons.
29,042
31,162 34,840 42,366 36,604 31,992 33,080
Other grades
short tons.
690
558
674
732
750
496
558
Stocks, end of month, total
short tons.
34,184 32,020 30, 534 29,148 28,624 54, 536
36,302
Soda
short tons..
3,504
3,224
3,318
3,498
2,942
2,840
Sulphite, total
short tons..
27,412 26,768 24, 694 22, 378 21,846 20,464 46, 744
Bleached
short tons..
6,074
5,166 23,116
4,748
6,312
5,156
6,140
Unbleached
_
short tons..
5,268 13, 602
5,744
6,152
7,186
6,950
6,484
Sulphate
short tons..
3,644
3,822
3,712
4,252
4,646
4,510
4,080
510
434
Other grades
short tons..
348
442
304
400
206
Mechanical (ground wood):
Consumption and shipments
short tons..
81,148 91,772 89,437 92, 235 98,102 91,706 81,382
Imports
short tons.. 23,612 11, 626
8,210
8,998 17,896 17,876 24,956 17,403
Production
_
short tons..
73,006 77,397 74,998 85, 573 97, 646 90, 780 78, 665
Stocks, end of month.__
short tons..
95,769 81,394 66,955 60, 294 58, 457 57, 531 52,028
PAPER
Total paper, incl. box board and newsprint:
Production
short tons..
447,364 494, 569 496,492 542,247 500,379 462,470 454,618
Percent of capacity
62
52
55
60
52
53
58
Shipments
short tons..
505, 336 528,413 551,460 574, 761 517,611 472,198 479, 892
Stocks, end of month
short tons..
408, 278 403,472 381, 665 359,847 366, 685 363,962 349,389
Book paper:
Orders, new:
Coated
percent of normal production..
Uncoated—percent of normal production..
46
• New series. Data prior to October 1931 not published.
§ Data revised for 1932. For revisions for full year 1932 see
t Revised series. For earlier data see p. 19 of the August 1933 issue.




163, 686 187, 706 179, 432
20,066 28,334 24, 368
113,646 127,312 122, 608
44, 500 49, 406 46, 578
24, 274 29.COS 30.080
29, 290 31, 340 31,904
720
552
684
98,431 78,921 62, 409
1.53
1.53
1.53
162, 956 183,850 170, 848
18,978 22, 602 20,138
112,848 126, 242 116,354
41,422 45,020 45, 258
28,008 32, 080 25, 754
30,466 34, 214 34, 042
664
792
314
50, 206 47,352 39, 622
2,492
2,368
3,304
43, 758 40, 210 32, 072
20,038 15, 652 14, 332
14,996 14,990
8, 780
4,156
3,658
3, 990
494
422
256
76,037
5,594
73,729
49,820

88,555
9,064
86,840
48,105

86, 431
7,949
91,498
53,172

58

56

p. 49 of the June 1933 issue.

• Revised.

50

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

September 1933

1932

1933

Decem- January FebruAugust SeptemOctober November
ber
ber
ary

July

July

1933
March

April

May

June

PAPER AND PRINTING—Continued
PAPER—Continued
Book paper—Continued
Orders, unfilled:
Coated
number of days' production.
Uncoated
number of days' production.
Production.._
short tons.,
Percent of capacity
Shipments
short tons..
Stocks, end of month
short tons.,
Box board:
Consumption, waste paper
short tons..
Orders:
New.
.-._
short tons..
Unfilled, end of month
short tons..
Production..
short tons..
Operations, percent of capacity.._
—
Shipments.
short tons..
Stocks, end of month
short tons..
Stocks of waste paper, end of month:
At mills
short tons..
In transit and unshipped purchases
short tons..
Newsprint:
Canada:
Exports--.
short tons..
Production
short tons...
Shipments from mills
short tons..
Stocks, at mills, end of month-short tons..
United States:
Consumption by publishers...short tons..
Imports
short tons..
Price, rolls, contract, destination, N.Y.
basis
dolls, per short ton..
Production, total
short tons..
Shipments from mills
short tons..
Stocks, end of month:
At mills
short tons..
At publishers
short tons..
In transit to publishers
short tons..
Writing (fine) paper:
Production
short tons..
Percent of capacity
Shipments
short tons..
Stocks, end of month
short tons..
Wrapping paper:
Production
short tons..
Percent of capacity
•
Shipments
short tons..
Stocks, end of month
short tons..
All other grades:
Production
short tons..
Shipments
short tons..
Stocks, end of month._
short tons.,

4
4
73,701
52
114,975
79,494

3
5
84,756
46
116,585
78,063

170, 656
161,777
23,192
164, 352
50.5
169, 776
79,922

3
4
4
3
4
4
3
5
4
4
86,858 83,905 85, 583 93,628 82, 299
49
59
58
64
66
115,616 121, 628 119,074 115,859 117,597
78, 294 70, 778 74, 671 77, 210 75,820

83,400
51
118,100
76,814

123,060
72,436

3
5
87,119
59
116, 784
77, 289

163,909

196,910

228,116

197,306

155, 729 158,458

182,701
35,864
173,805
51.5
171, 486
81,805

205,783
53,331
180,421
61.4
188,103
74, 237

199,119
48,536
201, 777
61.6
203,932
72,083

163,128
33, 575
179, 094
58.1
178,189
72,491

152,807
33,490
157,357
45.7
152,874
76,173

157, 245
36,030
154,497
48.2
154,280
76, 473

160,118

151,343

174,756

160,794

172,693

160,600

173,415

29,775

23,897

26, 666

30,448

31, 325

24, 370

26,481

131, 780
141, 995
143, 936
«46, 991

152, 761
157,919
154,881
50, 029

119,277
150,691
142,633
48,062

148,935
157, 505
157,568
48,411

153, 569
161,334
164,327
45, 461

136,993 127,779
138, 682 140,539
140,770 133,056
42, 337 49,837

131,823
138,856

123,873
147, 669

127,425
133,830

144,993
148, 291

145,889
155,499

132,761 127, 446 116,307 123, 402 132, 032 160, 773
135, 430 130,917 94,908 114,500 139,213 157,314

53.00
73, 530
«74, 248

53.00
79, 529
77, 340

51.25
70, 621
73, 234

45.00
76, 731
76,922

45.00
81,662
83,922

°33, 793
182, 725
28,561

35,982
188,436
23,195

33,095
181, 613
26,191

32,790
165,459
29, 586

21,818
45
23, 542
51,814

23,803
45
24,160
51,446

25, 790
53
26, 512
50, 719

27,123
54
27,421
49,940

24, 546
49
24, 325
50,156

21, 233
42
21,318
50,063

52,000
61
53,300
70, 228

60,479
66
59,874
70,825

60,182
71
65, 719
64, 561

68,333
77
74,961
57,963

50,005 52,054
57
62
48,905 i 51,950
59,554 57, 240

48,881
63
49, 028
57, 596

57, 525
65
58,791
56,307

58, 212
72
60,133
54, 405

60, 991
66,886
93,451

72,197
85,351

76, 078
79, 792
80,818

79, 295
68,465
74,635

59,149
67
58,203
58,903
68,809
56,188
77, 265

66,942
54, 483
78, 095

64,435
52,834
71, 297

62,851
50, 062
72,135

69,329
54,891
74,912

68,511
57,197
73, 394

33,312
6,017

34, 835
5,867

39, 897
6,532

42, 297
5,574

35, 424
5,331

28,125
6,522

37, 648
4,412

35, 878
6,832

32,412
6,829

40,468
5,478

56
399,160
336, 530
62, 630
95

62
66
48
436, 358
371,427
64,931
108

71
76
57
447, 032
405,922
71,110
115

79
83
65
508.182
436, 406
71, 776
125

72, 099
660
554
106

37, 259
733
641
92
63

41,061
609
504
105
63

41, 252
806
655
151

40,396
1,090
912
178
66

38,364
700
595
105
67

50,350
875
707
168

46,602
457
390
67
6Q

45,053
679
576
103
70

53,337
766
621
145
62

46, 508
805
637
168
62

59, 226
530 i
477
53
67

82, 156
511
416
95

13,078
11, 097

8,395
8, 271

7,879
9,128

8,575
8,704

10,190
9,082

8,476
8,874

7,645

9,735
7,920

7,907
7,653

7,399
8,048

9,902
8,570

10, 380
9,572

12, 934
11, 162

38, 785
22, 337
26, 736

44,654
26, 075
23, 504

167,303
180, 387
181, 658
41, 963

40.00
79,482
82, 068
19, 378
157,118
26,278

PAPER PRODUCTS
Abrasive paper and cloth, shipments:
59, 784
Domestic
.reams6, 945
Foreign
reams..
Paper board shipping boxes:
91
Operating time, total
percent of normal..
100
Corrugated
percent of normal..
65
Solid
fiber..
..percent of normal..
Production, total
thous. of sq. ft.. 631,484
513,490
Corrugated
thous. of sq. ft..
Solid fiber. _.
thous. of sq. ft.. 117,994
Rope paper sacks shipments*
1930-31 = 100.

a

45.00
80,075
79,002

45.00
74,356
72, 637

107, 446 138,005 113,139
124, 788 137,078 148,377
120,094 140,694 161,040
54, 515 50,872 37,232

45.00
67,665
66, 884

45.00
76,521
77, 933

40.00
74, 534
76, 085

6
10

168, 719 152, 152
170, 047 "171, 830
164,991 °171, 889
43, 068
43,428

40.00
81,181

78, 861

23,363 23,005 21,171 23, 560
157,489 149, 971 139,637 137,451
27, 347 23, 691 27, 066 24,290
25,371 25,191 29, 744 24,150
59
49
49
53
26, 563 25,468 29, 655 25,406
50,099 48,984 48,965 47,548

30,581 21, 783 23,502
171, 798 172,272 166,954
28, 758 24,171 24,601

53,187
7,675

130, 879
142, 700
40.00
«81, 939
"84, 970
21, 964
135,342
24, 051

60, 549
8,984

58
65
80
60
65
58
56
93
61
71
86
69
65
62
62
72
47
47
60
52
43
44
39
409, 736 361,871 376, 200 398, 014 380,452 460,970 565, 471 "626,415
345, 756 306,447 314,084 329,133 306, 667 385,117 463, 567 M99, 226
63,980 55,424 62,116 68,881 73,785 75,853 101,904 127, 189
102
112
124
95
81
112
120
106

PEINTING
Blank forms, new orders
thous. of sets.
Book publication, t o t a l . . . n u m b e r of editions.
N e w books
n u m b e r of editions.
N e w editions
n u m b e r of editions.
Operations (productive capacity)-..1923=100.
Sales books:
Orders, n e w . .
thous. of books.
Shipments
. t h o a s . of books.

RUBBER AND RUBBER PRODUCTS
CRUDE AND SCEAP RUBBER
Crude:
Consumption, total.
long tons.. 43,660 26,010
14, 715
For tires...
long tons..
Imports, total, including latex§_—long tons.. "45,243" 32, 524
Price, wholesale, smoked sheets, N.Y.
.078
.028
dolls, perlb..
59, 530
Shipments, world.
long tons.. 70,000
Stocks, world, end of monthf
long tons.. 630, 000 579,195
Afloat, total
long tons.. 98, 794 68,558
For United States...
long tons.. 71, 794 47,368
London and Liverpool
long tons.. 99, 859 106,172
62,887
British Malaya
long tons.. 88,199
United Statesf
--long tons_. 334,853 341,578
Reclaimed rubber:
7,642
4,054
Consumption
long tons.
11,326
5,146
Production
long tons.
9,311
11, 596
Stocks, end of month
long tons.
Scrap rubber:
Consumption by reclaimers
long tons.
• Revised,
t For revised data for year 1932 see p. 50 of May
year 1932 see p. 50 of the June 1933 issue.




20, 582
12, 646
33,989

20,692
10, 399
29, 280

19,337
10,340
35,806

20,157
9,388
29, 620

15, 631
7,408
32,016

19,928
10,376
30,663

18, 825
9,587
22,969

15, 701
8,179
28,475

22, 817
13, 555
21,034

.036
56, 327
595, 782
74,808
53.558
104, 408
66,134
350,432

.039
59,683
599,761
78, 775
57,735
103,195
64,321
353,470

.034
54,403
604,008
69,240
50, 220
100, 001
68,836
365,931

.034
57,976
611,301
74, 505
54,505
96,324
71,441
370,577

.033
56,700
621, 078
71,147
51,147
91,121
77, 024
379,000

.033
59,000
614,851
60, 674
40,674
89, 267
74, 590
385,354

.029
54, 500
618,299
65,123
41,123
92,153
71, 677
386, 686

.030
56,900
622,142
60,914
36,914
94, 658
67, 583
395,987

.036
55,000
617,490
65,431
38,431
95,151
66,911
389,997

3,461
3,101
10, 387

4,136
5,043
9,982

4,340
6,275
9,877

4,135
6,215
9,973

3,135
5,345
10,794

3,560
4,983
10,733

3,229
4.303
10,936

2,556
3,617
10,227

3,261
4,340
9,484

1933 issue,

16,229
19,512
• New series. Earlier data not published.

. 061
.049
a
62, 000
57,000
620, 586 632, 565
81,177 106, 510
54,177
79, 510
98, 609 °102, 511
70, 489
82, 331
370,311 341,213
5,750
7,864
9,065

7,159
9,956
8,733

14,132
§ Data revised for 1932, for revisions for full

51

SURVEY OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

July

1933

1932

1933
July

August

Septem- October Novem- Decem- January Februber
ber
ary
ber

March

April

June

May

RUBBER AND RUBBER PRODUCTS—Continued
I

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 lb_.
Crude rubber. (See Crude Rubber.)

2,471
2,124
2,065
5,327

2,031
2,466
2,411
4,877

2,055
1,439
1,385
5,501

1,843
1,369
1,306
5,964

1,586
1,455
1,405
6,115

1,806
2,077
2,011
5,789

1,871
1,834
1,764
5,902

1,630
1,674
1,616
5,832

2,499
2,923
2,874
5,419

4,151
4,144
4,077
5,408

4,880
5,044
4,320
5,292

10
7
7
25

25

7
24

7
24

5
23

7
5
5
24

6
7
7
22

7
21

7
7
6
21

7
20

9
21

15
15
14
20

2,350
1,728
1,674
4,780

2,199
2,002
1,966
4,902

2,081
2,478
2,440
4,602

1,749
1,327
1,292
4,971

1,604
1,263
1,221
5,330

1,423
1,379
1,348
5,400

1,675
2,028
1,989
4,957

1,779
1,682
1,646
5,085

1,506
1,522
1,486
5,095

2,282
2,441
2,410
4,951

3,760
3,571
3,530
5,105

4,358
4,622
4,575

11, 707

10,116

8,417

8,345

7,827

5,993

7,899

7,263

6,364

10,460

16, 778

19,553

313

2,893
1,923
1,845
4,962

4,878

MISCELLANEOUS PRODUCTS
Rubber bands, shipments.
thous. of lb._
Rubber clothing, calendered:
Orders, net—number of coats and sundries..
Production...number of coats and sundries..
Rubber-proofed fabrics, production, total
thous. of y d . .
Auto fabrics
thous. of y d . .
Raincoat fabrics
thous. of y d . .
Rubber flooring, shipments.--thous. of sq. ft..
Rubber and canvas footwear:
Production, total
thous. of pairs..
Tennis
thous. of pairs..
Waterproof
thous. of pairs..
Shipments, total.-.
thous. of pairs..
Tennis.
thous. of pairs..
Waterproof
thous. of pairs..
Shipments, domestic, total.-thous. of pairs..
Tennis
thous. of pairs.Waterproof
thous. of pairs..
Stocks, total, end of month..thous. of pairs..
Tennis
.
thous. of pairs..
Waterproof
thous. of pairs..
Rubber heels:
Production.
thous. of pairs..
Shipments, total*
..thous. of pairs..
Export
. thous. of pairs..
Repair trade
thous. of pairs..
Shoe manufacturers
-thous. of pairs.. 1
Stocks, end of month..
thous. of pairs..
Rubber soles:
!
Production
--thous. of pairs._|
Shipments, total*
thous. of pairs.Export
thous. of pairs..
Repair trade..
thous. of pairs.J
Shoe manufactures
thous. of pairs..
Stocks, end of month
thous. of pairs..
Mechanical rubber goods, shipments:
Total
thous. of dolls..
Belting
..thous. of dolls..
Hose
thous. of dolls..
Other
thous. of dolls..:

255

160

199

210

315

170

138

189

167

162

191

247

9,109
26,849

13,321
28,284

31, 577
22,770

35,417
35,306

22,353
38,704

6,827
25,759

11, 574
24,409

7,327
16,330

8,058
20,997

8,037
14, 227

19,392

2,013
224
1,003
329

2,952
268
1,489
434

4,510
301
2,719
421

4,918
404
3,065
383

3,890
332
2,461
307

1,772
234
707
252

2,052
221
799
188

2,146
243
616
269

2,303
134
953
307

241
1,275
218

467

603

365

310

2,321
1,197
1,124
2,985
1,778
1,206
2,942
1,755
1,187
17,317
4,641
12, 676

3,576
1,375
2,201
3,342
1,208
2,134
3,272
1,175
2,096
17,358
4,615

12, 743

3,767
1,190
2, 577
4,641
1,249
3,393
4,589
1,226
3,363
16,483
4,558
11,928

4,139
1,055
3,084
5,234
600
4,634
5,189
571
4,618
15, 388
5,010
10,378

5,007
1,385
3,623
5,375
454
4,922
5,330
422
4,908
15,038
5,955
9,083

4,782
1,603
3,179
4,813
551
4,262
4,773
168
4,254
15,016
7,016
8,000

3,725
1,913
1,812
3,156
1,814
1,342
3,136
1,801
1,335
15, 351
7,008
8,343

3,275
2,185
1,090
3,537
2,256
1,281
3,511
2,245
1,267
15,088
6,937
8,151

3,281
2,634
647
3,390
2,842
548
3,339
2,800
539
14,965
6,730
8,235

3,172
2,636
536
3,672
3,230
442
3,637
3,202
435
14,462
6,135
8,326

3,860
2,794
1,066
4, 212
3,516
696
4,149
3,470
679
14,110
5,413
8, 697

3,732
2,153
1,579
3,925
3,085
840
3,857
3,025
833
13,922
4, 485
9,437

27, 397

11, 073
14,395
187
4,260
9,948
24,449

14, 205
18,000
297
5,520
12,183
20,534

16, 736
16, 222
233
5,012
10,977
21,029

14,162
13,188
184
3,966
9, 038
21, 749

12,433
13,641
258
2,423
10,960
20, 337

13,142
11,336
209
2,433
8,694
21,808

13,030
10,888
221
2,909
7,758
25, 267

11,222
10, 761
170
2,677
7,914
25, 549

10, 353
12, 383
281
4,441
7,661
23, 740

19,427
20,484
182
6, 883
13,419
22, 688

23,479
27, 717
284
7,155
20, 278
18, 402

2,419
2,407
14
113
2,280
2,308

2,599
2,660
12
140
2, 508
2,373

4,054
4,353
215
4,131
2,024

5,081
4,792
4
269
4,519
2,168

4,780
4,420
5
316
4,099
2,559

4,647
5,265
6
209
5,050
2,369

4,247
3,777
1
275
3,502
2,766

4,008
3,728
3
362
3,362
3,121

3,959
3,925
235
271
3,419
3,302

3,108
3,256
1
266
2,988
3,215

5, 209
5, 482
1
335
0, 146
3,006

6, 094
6,786
5
395
0 386
2,228

2,024
524
734
766

2,152
563
785
804

1,975
456
706
813

2,192
481
844
867

1,990
423
709
858

1,992
397
780
816

2,060
382
730

1, 815
352
633
830

2,018
358
802
858

2,273
371
903
999

2,847
521
1, 007
1,259

3,924
865
1, 471
1,588

9.25

9.25

9.25

9.25

9.25

324
» 27
94
2,975
3,675
511
15
861
3,501

359
«93
131
2,911

350
« 139
169
2, 800

398
157
207
2,823

2,775
492
50
742
3,003

1,580
588
606
3,877

1,315
730
71
1, 265
1,936

10,141
261
2,449
7, 432

!

STONE, CLAY, AND GLASS PRODUCTS
BRICK #
Common brick, wholesale price, red, N.Y.
dolls, per thous..
Face brick (average per plant):
Orders, unfilled, end of mo._thous. of brick..
Production (machine)*
thous. of brick..
Shipments
...thous. of brick..
Stocks, end of month J
-thous. of brick..
Sand-lime brick:
Orders, unfilled, end of mo..-thous. of brick. _
Production
thous. of brick..
Shipments by rail
thous. of brick
Shipments by truck
thous. of brick
Stocks, end of month
thous. of brick

9.30

9.25

9.25

9.25

9.25

10.13

493
173
223

477
149
258
3,196

424
180
228
3,177

363
200
221
3,119

351
151
134
3,091

352
98
85
3,133

292
35
79
3,061

24
50
3,030

5,820
3, 223
194
2,057
5,282

5,923
2,537
176
2,508
4,151

2,254
2,523
455
1,808
5,898

3,650
2,187
300
1,668
4,813

8,050
901
0
1,231
4,477

5,755
798
82
884
4,792

7,325
606
110
1, 233
4,622

4,812
307
80
778
4,020

PORTLAND CEMENT
Price, wholesale, composite
dolls, per bbl._ 1.549
1.436
1.388
1.357
1.388
1.388
1.388
1.426
1.436
1.436
1.436
1.424
Production
thous. of bbl._ 8,609
6, 262
7,659
7,835
8,210
7,939
6,462
4,248
2,958
2,777
3,684
4,183
Pereent of capacity
27.4
37.6
33.4
34,2
36.9
34.6
12.9
13.4
16.1
18.9
29.1
18.5
Shipments
thous. of bbl_. 8,697
6,709
4,949
9,218
10,968
9,729
2,502
2,278
3,510
4,782
8,743
2,835
Stocks, finished, end of month..thous. of bbl_. 19, 848 22, 512 19, 398 17, 878 17,084
20, 542 20,117
18,
788
20, 205
20, 624
21,125 ! 21, 298
18,788
6,769
Stocks, clinker, end of month thous. of bbl._ 6,-839
7,146
7,889
7,175
6,708
6,092
6,422 |
6,890
5,938
5,995
6,093
Revised.
• New series. Earlier data not published on rubber heels and soles. For machine production of brick see p. 20 of the June 1933 issue.
% Adjusted for degrading and year-end physical inventories.
# Census Bureau has comparative summaries for 2 months only on structural clay products. Series not comparable over 13-month period




1

1.436
7, 804
35.2
7, 979
19,936
6,840

52

SURVEY OF CURRENT BUSINESS

Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

September 1933

1932

1933

Decem- January FebruAugust SeptemOctober Novemary
ber
ber
ber

July

March

April

May

June

STONE, CLAY, AND GLASS PRODUCTS—Continued
GLASSWARE, ETC.
Glass containers:
Production
. . - . thous. of gross..
Percent of capacity
Shipments
thous. of gross .
Stocks, end of month..
thous. of gross..
Illuminating glassware:*
Orders:
New and contract
number of turns..
Percent of full operation
Unfilled, end of month..number of turns.
Production:
Total
_ number of turns
Percent of full operation
Shipments:
Total
_.
number of turns. _
Percent of full operation _ . _
Stocks, end of month
number of turns..
Plate glass, polished, production#
thous. of sq. ft.. 11,828

1,677
53.6
1,551
5,824

1,660
49.1
1,757
5,724

1,462
46.8
2,027
5,167

1,750
53.8
1,774
5,123

1,508
46.4
1,422
5,247

1,462
44.9
1,366
5,343

1,636
51.3
1,738
5,244

1,585
51.8
1,508
5,325

1,704
49.5
1,621
5,406

1,568
49.2
1,682
5,305
1,300

1,142

1,020

1,164

1,151

1,187

948

1,043

1,049

1,379

1,458

1,455

1,485

1,363

1,286

1,222

1,219

1,280

1,327

1,390

1,059

885

782

1,090

1,338

1,144

795

1,010

1,008

1,161

945
32.6
5,454

1,122
38.7
5,254

1,087
37 5
5,063

1,279
44 1
4,799

1,260
43.5
4,852

1,083
37.4
° 4,949

986
34.0
4,480

1,006
35.4
4,397

1,267
44.6
4,388

1,226
43 2
4,342

2,849

1,843

3,567

4,120

4,718

4,268

6,472

5,186

5,112

4,893

1,693
49.1
1 969
5,036

2,007
60.5
2 129
4,S9$

8,286

9,946

GYPSUM *
Crude (quarterly):
Imports
short tons..
Production
_. _ short tons.
Shipments (uncalcined)
short tons..
Calcined (quarterly):
Production
short tons
Calcined products (quarterly):
Shipments:
Board, plaster (and lath), thous. of sq. ft
Board, wall
thous. of sq. ft.
Cement, Keenes
. . . short tons
Plasters, neat, wood fiber, sanded,
gaging, finish, etc
_ short tons
For pottery, terra cotta, plate glass,
mixing plants, etc
- - short tons
Tile, partition
...thous. of sq. ft..

173,366
423,139
159,160

80,366
252,891
96,374

0
197,730
61,106

262 812

199,083

168,931

31, 435
52,441
3,597

22,951
41,663
2,634

18,882
42,442
2,073

28,945
67 43^
3' 831

202 332

155,603

121,490

°17 °74

19,130
1,842

18, 219
1,393

17, 249
1,406

04 7 Q -

74 240
369 016
146 569

1,516

TERRA COTTA
Orders, new:
Quantity
Value . . . _

- - short tons
__thous. of dolls

834
68

2, 504
194

1,377
118

672
62

790
88

1,365
96

1,188
92

1,306
79

292
26

2,333
198

1,105
67

1,297
72

> 5, 406

7,547

*> 8,075

3,892
4,263
4,603
8,469

5, 865
5,559
5,358
8,740

7,155
6,115
6, 537
8,390

6 122
1,844
1,593

6 131
2,106
1,599

6 330
2, 401
1,807

471

621

696

436

592

615

.061
.069

.082
.086

.087
.096

565
47

TEXTILE PRODUCTS
CLOTHING
Hosiery: •
Orders:
New
thous. of dozen pairs..
Unfilled, end of month
thous. of dozen pairs. _
Production
__thous. of dozen pairs..
Shipments, net
thous. of dozen pairs._i
Stocks, end of month..thous. of dozen pairs..
Men's and boys' garments cut:
j
Overcoats
thous. of garments..
Separate trousers
thous. of garments..
Suits.
.thous. of garments..!
Rubber clothing. (See Rubber products.)

3,174

5,595

6,693

6,582

5,145

4,185

6 3,666

6 3,860

6 5, 006

2,196
3,009
2,988
9,243

3,360
4,117
4,311
8,818

4,043
5,346
5, 760
8,492

4,413
6,003
6,006
8,154

3,617
5, 680
5,645
8,070

2,877
4, 695
4,783
8,251

6 3, 006
6 4,197
6 3,516
6 9,010

6 2,826
6 4,063
6 4,047
6 9,010

6
6
6
6

139
1, 256
974

285
1,664
1,480

482
2,025
1,734

638
1,947
1,565

554
1,495
964

172
1,164
1,077

6 178
«-l,390
61,450

6 267
61, 436
61,850

6 216
6 1, 676
6
1, 745

3,109
4, 408
4, 731
8, 776

COTTON
492
279
403
Consumption f
thous. of bales..
600
494
Exports:
!
Quantity, exclusive of linters
1,012
1,040
452
692
449
734
794
557
thous. of bales. .
Value. (See Foreign Trade.)
Qinnings (total crop to end of month)
12,086
12,418
4,835
9,246
11,631
12,710
865
171
thous. of bales..
11
21
4
12
13
Imports
thous. of bales..
7
Prices:
.064
.054
.056
.055
.061
.072
.059
.065
.051
.106
To producer
dolls, per lb__
.062
.074
.066
.062
.059
.061
.058
.077
.070
Wholesale, middling, N.Y
dolls, per lb_.
.108
/13, 002
Production, crop estimate
thous. of bales.. '12,314
»
2,
784
»
599
»526
1,970
* 1, 586 » 1,078
Receipts into sight §
thous. of bales..
761
107
* 1,860
Stocks, end of month: f
Domestic, total mills and warehouses
11,880
11,516
12,134
10,822
10, 250
7,638
9,056
11, 094
thous. of bales..
7,090
7,918
1,530
1,495
1,442
1,457
1,343
1,090
1,087
1,267
1,218
1,351
Mills
_
thous. of bales..
9,380
10, 350
10, 021
8,907
6,548
7,969
9,827
10, 677
6,700
Warehouses
thous. of bales..
5,739
9,796
7,602
8,251
9,479
10, 552
10,549
10,182
7,793
10, 518
7,713
World visible supply, total
thous. of bales..
7,977
5,751
6,534
5,894
8,878
8,759
7,783
American cotton
thous. of bales..
5,908
a
Revised.
• As of Aug. 1.
t Final estimate.
§ Data for 1932 revised January, 1,570; February, 931; March, 881; April, 577; May, 352; June, 221.
• Partly estimated for months of 1933.
• New series. For earlier data on gypsum see p. 20 of the January 1933 issue. For hosiery see p. 19 of the April 1933 issue. Earlier data on
t For revisions for the year ended July 1932 see p. 20 of the February 1933 issue.




728
9,520
1,368
8,152
9,560
7,613

8,716
1,395
7,321
9,014
7,042

7, 720
1,401
6,319
8,341
6, 429

glassware not published.

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

53

SURVEY OF CURRENT BUSINESS

July

1933

1932

1933
July

Decem- January FebruAugust SeptemOctober November
ber
ary
ber

March

April

May

June

TEXTILE PRODUCTS—Continued
COTTON MANUFACTURES
Cotton yarn:
Carded sales yarn:
Orders, unfilled, end of mo_._thous. of lb._
Production (weekly average).thous. of lb_.
Stocks, end of month
thous. of lb_.
Prices, wholesale:
.31]
22/ls, cones, Boston
dolls, per lb__
.410
40/ls, southern, spinning
dolls, per lb_.
Cotton goods:
Abrasive cloth. (See Paper Products.)
Cotton cloth:
Exports§
thous. of sq. yd.. 28, 704
Imports..
thous. of sq. yd_. 3,088
Fiber consumption for tires. (See Rubber and
Rubber Products.)
Prices, wholesale:
,067
Print cloth, 64 x 60
dolls, per y d . .
Sheeting, brown, 4 x 4 (Trion mill)
.077
dolls, per y d . .
Cotton cloth finishing:
Printed only (mills and outside):
Production
thous. of y d . .
Stocks, end of month
thous. of yd._
White, dyed and printed (outside mills):
Billings (finished goods)
thous. of y d . .
Operations._
percent of capacity..
Orders, new, gray yardage..-thous. of yd_.
Orders, unfilled, end of mo
day's prod_.
Shipments (finished goods)
..cases..
Stocks, end of month (finished goods)
cases..
Spindle activity: f
Active spindles
.thousands.. 26, 069
Active spindle hours, total, .mills, of hours.. 8,128
263
Average per spindle in place
hours._
117. 5
Operations
percent of capacity..

26,475
1,400
11,738

33, 551
1,798
11,188

35,108
2,534
10,315

30, 592
2,885
9, 533

28,474
2, 531
10,046

28,901
2,131
11,099

27,321
2,225
11,612

26,459
2,095
12,072

29, 326
1,720
11,892

33,455
2,116
10,481

38, 362
3,047
9,927

39,974
3,469
7,717

.157
.255

.183
.264

.208
.288

.196
.281

.187
.271

.174
.270

.168
.270

.163
.270

.175
.276

.179
.278

.216
.306

. 251
. 345

33, 824
1,861

24,157
1,166

25, 227
1,155

24, 010
1,633

25,379
2,118

30,479
2,498

34,332
2, 625

34, 215
2,794

39. 475
4,125

28,150
3,510

27, 384
4, 808

30, 17S
3, S23

.031

.039

.041

.037

.033

.033

.032

.031

.032

.037

.048

.059

.037

.040

.047

.046

.041

.038

.038

.037

.037

.039

.050

. 064

37,404
71,624

64,480
62, 547

87, 988
59, 040

87, 956
66, 633

69,515
74, 850

79,175
81, 933

88, 300
80, 097

93, 773
82, 272

95, 746
80, 446

74, 463
80,765

88, 278
81, 740

100, 479
75, 395

25,532
32
27, 396
1.1
16,073

38,092
42
48,994
2.2
21, 802

52,247
57
58, 788
2.2
26, 496

55, 594
62
51,406
1.9
28,081

47,956
49
45, 570
1.1
24, 748

37, 674
41
55, 786
1.6
19,864

38, 282
55
52,258
2.1
25,698

47, 503
67
55, 891
2.7
28,156

51,148
60
61, 681
2.1
30, 339

43,006
60
58,847
3.0
28,700

55,018
68
72, 565
3.0
34, 684

80,782
84
140,632
88
51, 004

13,347

13, 285

14, 896

17,086

18, 684

14,590

13, 407

14,919

15,768

16,104

15,418

30, 580

19,758
3,656
115
51.5

22,022
5,539
175
72.4

23,884
6,866
218
94.6

24,588
7,046
224
97.0

24,350
6,967
221
96.9

23,775
6,386
203
87.2

23, 767
6,788
217
95.1

23,659
6,286
202
95.0

23, 429
7,048
227
93.9

23,417
6,569
212
95.7

24, 571
8,310
268
112.3

25,541
9,299
301
129.1

285

221

351

45

8

52

366

.60
226

.60
241

.60
241

.60
257

.50
253

.55
249

.GO
237

40, 548
8,301

46, 204
4,988

32, 665
3,402

38, 934
4,254

41,910
5,660

47,151
6, 404

53, 627
7,732

83.2
34.2
55.5

89.7
37.2
56.8

80.6
36.8
48.9

56.6
36.3
38.2

59.2
42.2
49.8

75.4
46.0
52.3

74. S
53.0
62.8

1.550
.91

1.305
.90

1.201
.89

1.182
.89

1.324
.92

1. 586
.95

2.155
.98

282, 616

256,142

239,864

237, 236

234, 523

224, 425

218.923

22,443
62,837

23,406
69, 747

22,074
60,459

20, 243
43, 814

21,151
43, 038

20, 243
40,125

22, 190
33,933

24, 943
4,451

28, 701
6.140

46, 898
3,179

58, 688
10, 898

RAYON AND SILK
Rayon:
Imports
thous. of lb__
285
502
400
517
425
Price, wholesale, 150 denier, "A" grade,
.60
N.Y
dolls, per lb_.
.55
.60
.55
.60
.60
Stocks, imported, end of month.thous. of lb._
321
286
240
225
228
Silk:
Deliveries (consumption)
bales... 44, 597 38,382
59, 694
59,905
53,703
43,955
8,396
Imports, raw
thous. of lb._
4,931
8,564
7,134
7,331
8,066
Operations, machinery activity:
82.9
Broad looms..
percent of capacity..
47.1
76.2
67.6
83.7
53.2
Narrow looms
percent of capacity. _
45.9
45.3
38.3
43.6
46. g
78.4
Spinning spindles
percent of capacity __
41.0
50.2
62.0
61. S
52.2
Prices, wholesale:
Raw, Japanese, 13-15, N. Y..dolls, per lb_. 2.273
1.231
1.562
1.647
1.673
1.805
1.02
Silk goods, composite
dolls, per y d . .
.92
.92
.90
.92
.92
Stocks, end of month:
World, visible supply
bales..
240,954 246,148 249, 258 246,450 258,280
United States:
At manufacturers.__
_.bales._
20.011
24,951
22,826
22, 250
24,336
At warehouses
bales.. 51,684
50,721
52, 228
49,393
54,465
57,932
WOOL
Consumption, grease equivalent-.thous. of lb._
Imports, unmanufactured §
.thous. of lb_.
Operations, machinery activity:
Combs
percent of capacity..
Looms:
Carpet and rug
percent of capacity..
Narrow
percent of capacity..
Wide
percent of capacity..
Spinning spindles:
Woolen
percent of capacity..
Worsted.
percent 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 y d . .
Worsted yarn, 2/32s, cross-bred stock, Boston
dolls, per lb_.
Receipts at Boston, total
thous. of lb__
Domestic
_.
thous. of lb_.
Foreign
thous. of lb._

57,377
31, 406

26, 719
848

41,361
693

134

65

85

46
54
97

19
17
45

19

39
50
.36

.79
.35
1.613
.975
1.17
83,318
70,876
12,442

.14
1.125
.750
.75
52,339
50,934
1,405

46,055
1,554

42,423
4,468

5,408

36, 532
4,977

35, 510
5,134

33, 278
4,864

100

82

92

84

87

55

62

107

134

24
36
65

29
43
66

42
59

23
33
58

23
36
59

23
36
68

22
28
43

25
29
42

31
46
06

44
53

59
57

70
74

73
73

60
58

55
57

59
56

60
57

42
32

53
35

.39
.16

.48
.23

.47
.22

.45
.21

.44
.20

.44
.20

.43
.19

.44
.19

.49
.20

.63
.29

1.135

1.175

1.175

1.175

1.175

1.175

1.175

1.175

1.163

1.395

.750

.750

.750

.750

.750

.750

.750

.750

.750

.780

.76
42,909
42, 764
145

.85
28, 281
28, 209
72

.88
17,556
16,960
596

.85
11, 858
11,136
722

.83
5,927
5,063
864

.80
8,978
7,991
987

.80
9,281
8,384
897

.80
4, 657
4,032
625

.83
6,835
6,544
291

.93
17, 630
17,415
215

31, 340
21, 895

29,064
21, 344

28, 865
22,937

22,413
17, 521

34,842
25,118

27, 284
12, 307

30,192
20,079

100
02

MISCELLANEOUS PRODUCTS
Burlaps and fibers, imports:
|
Burlaps
thous. of lb.J 34,499
22,403
29,931
23,114
Fibers
long tons_J 23,807
24,457
25,737
23,323
t For revisions for the year ended July 1932 see p. 20 of the February 1933 issue.
§ Data for 1932 revised. For revisions for full year 1932 see p. 53 of the June 1933 issue.




.70
.32
1. 550
. 925
1.09
54,510
52, 995
1, 515

34, 251
17,820

SURVEY OF CURRENT BUSINESS

54
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933

September 1933

1932

July

1933

Decem- January FebruOctober NovemAugust September
ber
ber
ary

July

March

April

May

June

TEXTILE PRODUCTS—Continued
MISCELLANEOUS PRODUCTS-Con.
Buttons and shells:
Buttons:
Imports, total§
thous. of gross__
From Philippines
thous. of gross..
Fresh-water pearl:
Production...
percent of capacity..
Stocks, end of month
thous. of gross..
Shells, imports, total
..thous. of lb__
Mother of pearl
thous. of lb_.
Tagua nuts, imports
thous. of lb_.
Elastic webbing, shipments
thous. of dolls..
Fur, sales by dealers
thous. of dolls..
Pyroxylin-coated textiles (artificial leather):
Orders, unfilled, end of month
thous. of linear yd..
Pyroxylin spread
thous. of lb..
Shipments, billed
thous. of linear yd_.

815
150
3, 236
3,860

65
58

93
87

66

50
47

72
67

77
64

88
49

73
57

71
58

75
61

98
74

86
74

18.0
8,234
855
235
1,053
454
2,233

30.3
7,939
751
184
609
518
2,879

39.2
7,340
271
219
516
774
4,016

46.3
7.136
356
285
1,063
850
3,233

45.2
7,194
413
360
599
731
1,688

38.0
8,025
741
214
586
605
1,275

40.0
7,971
684
677
864
663
1,547

41.3
7,751
297
267
1,356
656
1,498

36.2
7,325
3,255
394
1,087
619
1,473

43.2
7,132
200
181
865
615
2,053

51.3
6,938
567
549
1,176
820
3,288

172
120
1,983
1.093
3,663

1,572
1,474
1, 595

1,785
1,959
1,881

1,996
2,403
2,410

2,096
2,216
2,282

1,779
1,855
1,783

1,675
1,862
1,791

2,175
2,121
1,956

2,188
2,374
2,128

1,992
2,333
2,079

2,699
3,039
2,781

2, 753
3,920
3,760

3,745
4,450
4,202

TRANSPORTATION EQUIPMENT
AIRPLANES
Production, total
.number .
Commercial (licensed)
number
Military (deliveries)
number
For export
.
___.
number_.
AUTOMOBILES
Exports:
Canada:
1, 731
Automobiles, assembled.._
number..
Passenger cars
number. _ 1,220
United States:
Autos and parts, value. (See Foreign
Trade.)
9,128
Automobiles, assembled, total §..number..
5,546
Passenger cars §
number
3,582
Trucks § . . .
.
number..
Financing:
Retail purchasers total
thous of dolls
New cars...
..thous. of dolls..
Used cars
thous. of dolls..
Unclassified
thous. of dolls..
Wholesale (manufacturers to dealers)
thous of dolls
Fire-extinguishing equipment:!
Shipments:
21
Motor-vehicle apparatus...
number..
Hand types..
number.. 19, 495
Production:
Automobiles:
6,540
Canada, total
number
5,322
Passenger cars . . .
. . _.number._
233,088
United States, total
number..
Passenger cars
,
..number.. 195,019
4
Taxicabs
number
Trucks _
. . ..number.. 38,065
Automobile rims
...thous. of rims..
Registrations, new passenger carst--.number.. P185,"666"
Sales (General Motors Corp.):
To consumersnumber.. 87, 298
To dealers, total.
dumber.. 106,918
92, 546
U.S. dealers
. number
Shipments, accessories and parts, total t
Jan 1925=100
Accessories, original equipment
Jan. 1925=100
Accessories to wholesalers
Jan 1925== 100
Replacement parts
Jan 1925 — ]00
Service equipmentJan. 1925=100..
RAILWAY EQUIPMENT
Equipment condition:
Freight cars owned:
Capacity
..
mills, of lb._ 196,120
2,069
Number, total
thousands
316, 437
Bad order, total
- number
15.4
Percent of total in bad order
Locomotives, railway:
Owned:
2,396
Tractive power
mills, of lb._
51, 238
Number, total .
. _ number.
Awaiting classified repairs.._number_. 11,109
22.1
Percent of total
23
Installed—
. .number. _
322
Retired
number
Passenger cars:

89
48
38
3

101
59
18
24

118
58
29
31

111
48
21
42

98
34
20
44

125
37
49
39

87
35
27
25

92
21
30
41

119
44
45
30

106
62
27
17

122
66
35
21

143
78
48
17

1,493
1,308

1,523
1,368

1,654
1,108

2,416
2,124

1,338
1,163

1,090
833

475
289

256
169

1,601
1,558

1,256
936

2,690
2,194

2,247
1,805

4,904
3,039
1,865

4,937
2,893
2,044

5,654
3,053
2,601

4,282
1,733
2,549

3,115
1,762
1,353

4,978
2,757
2,221

10,143
7,059
3,084

8,657
5,521
3,136

8,056
5,528
2,528

8,318
5,662
2,656

7,538
5, 093
2,445

7,235
4,757
2,478

44,717
24,149
19,225
1,342

45,069
24, 645
18,909
1,516

38,837
21, 551
15,989
1,297

33,624
17,644
15,036
943

27,727
13,981
12,834
913

27.025
14,091
12,174
760

58, 200
37,475
19, 435
1,289

65, 514
43,004
21,182
1,328

26,016

22,104

18,677

13,132

11, 774

20,131

55,006

56, 938

34
13, 331

23
13,708

26
14,453

17
12,089

14
11,695

21
10,047

14
10, 749

24
11,841

28
12,870

31
12,415

18
16, 401

25
22, 642

7,472
6,773
109,143
94, 678
27
14,438
339
104,188

4,067
3,166
90,325
75,898
9
14,418
222
93,457

2,342
1,741
84,150
64, 735
13
19,402
198
81,893

2,923
2,361
48,702
35,102
5
13, 595
237
63,195

2,204
1,669
59,557
47, 293
239
12,025
455
44,358

2,139
1,561
107,353
85,858
291
21, 204
559
45,683

3,358
2,921
130,044
108,321
5
21,718
727
79,821

3,298
3,025
106,825
91,340
152
15,333
580
69,464

6,632
5,927
117,949
99, 225
660
18,064
347
78, 741

8,255
6,957
180, 667
152, 939
411
27, 317
898
119,909

9,396
8,024
218,303
184, 644
54
33, 605
938
1C0, 242

7,323
6, 005
253, 322
211,448
35
41,839
1,015
174,190

32,849
36,872
31,096

37, 230
30,419
24,151

34,694
30,117
23,545

26,941
10,924
5,810

12,780
5,781
2,405

19,992
53,942
44,101

50,653
82,117
72,274

42,280
59,614
50,212

47,436
58,018
45,098

71, 599
86, 967
74, 242

85,969
98, 205
85, 980

101, 827
113,701
99, 956

45

35

35

39

45

51

51

50

41

64

71

81

64
56
118
50

73
99
129
50

° 31, 285 ° 29,193 «33,552 « 45, 341
«18,329 °16,843 « 19,464 «28, 226
«12,177 <* 11, 729 « 13, 341 « 16, 111
748
621
779
1,005
27, 706
30,134
37, 515
40, 841

37
49
90
37

24
47
94
40

22
56
99
43

26
85
91
36

36
73
86
31

48
54
76
28

46
46
84
36

45
40
84
34

33
42
87
32

59
46
106
38

202,807
2,157
245, 749
11.5

202,196
2,149
253,608
11.9

201, 594
2,141
262,153
12.4

201,326
2,138
268,170
12.7

201, 055
2,134
265,239
12.6

200,547
2,127
266,066
12.6

200, 250
2,123
266, 594
12.7

198,997
2,106
269,378
12.9

198,652
2,101
274,368
13.2

198,158
2,095
286, 987
13.8

2,459
53, 264
8,291
16.0
29
338

2,458
53,192
8,396
16.2
62
133

2,448
52, 936
8,875
17.1
31
287

2,444
52, 791
9,190
17.8
47
193

2,439
52, 650
9,316
18.0
32
173

2,435
52,490
9,558
18.5
36
196

2,432
52,401
10,014
19.4
31
120

2,428
52, 237
10, 290
20.0
57
221

2,423
52,081
10, 545
20.6
41
197

2,422
52, 020
10, 743
21.2
44
105

49 310

48,988

c
a

197, 664 «196, 733
2,077
2, OSS
316,107
303,758
15.4
14.7
2,410
51, 654
11,103
21.9
43
410

« 2, 407
° 51,537
11,203
22.2
89
355

48,599

Equipment manufacturing:
Freight cars:
500
50
8
6
0
50
3
2
0
1,285
66
16
25
Orders, new, placed by railroads
cars..
1,205
1,561
1,205
1,873
1,974
2,223
2,431
2,465
1,404
1,275
1,187
1,572
2,398
Orders, unfilled, total. _ _
cars..
0
0
0
1
0
0
50
0
0
0
0
0
0
Equipment manufacturers
cars..
1,205
1, 205
1,561
1,873
1,974
2,222
2,398
2,465
2,381
1,404
1,275
1,572
1,187
Railroad shops
cars.
2
9
3
0
15
3
12
15
1
0
44
165
3
Shipments, total
cars..
2
9
3
0
14
3
12
0
19
15
3
1
120
Domestic
cars..
• Revised.
§ Data revised for 1932. For revisions for full year 1932 see p. 54 of the June 1933 issue.
.
t Revised series. See p. 19 of the August 1933 issue for earlier data on fire extinguishers and passenger-car registrations. Earlier data on accessories ana parts not
published.
 v Preliminary.



SURVEY OF CURRENT BUSINESS

September 1933
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

1933
July

55

1932
July

1933

Decem- January FebruOctober NovemAugust September
ber
ary
ber

March

April

May

June

TRANSPORTATION EQUIPMENT—Continued
RAILWAY EQUIPMENT—Continued
Equipment manufacturing—Continued
Locomotives, industrial electric (quarterly):
Shipments, total
.number..
Mining use
number..
Locomotives, railway:
Orders, new, placed by railroads.number..
Orders, unfilled, end of monthEquipment manufacturers (Census)
total
_..number__
Domestic, total
..number..
Electric
number..
Steam
..number..
Railroad shops (A.R.A.)
number..
Shipments:
Domestic, total
_
number..
Electric.
...number..
Steam
...number..
Exports, total §
.number..
Electric§-.
...number..
Steam
.number..
Passenger cars:
Orders, new, placed by railroads.number..
Orders, unfilled (end of quarter).number..
Shipments, total
number..
Domestic
number..

26

120
114
113
1

111
105
104
1
5

71
68
66
2
1
0
0
0
11

ELECTRIC TRUCKS AND TRACTORS
Shipments, industrial, total
.number..
Domestic
number..
Exports
.number..
SHIPRUILDING
United States:
Merchant vessels under construction
thous. of gross tons..
Completed during month..total gross tons..
Steel
....total gross tons..
World (quarterly):
Launched:
Number
ships..
Tonnage
thous. of gross tons..
Under construction:
Number
ships..
Tonnage
thous. of gross tons..

38

5,264
319

161
28, 338
27,150

147
2,697
240

94
10,273
9,601

87
22, 795
19,834

18

18
39,179

7,6
5,8

53
188

58
213

192
901

203
766

22
15,944
13, 741

24
9,338
8, 531

14 j
41,213
37,537

52
52
0

2,885
1,578

18
9,474
7,246

35
2,794
35
83
79

232
741

209
732

CANADIAN STATISTICS
Business indexes: *
84.1
75.3
77.1
78.1
78.3
Physical volume of business
1926=100..
82.6
70.4
71.9
73.6
74.2
Industrial production, total
.1926=100..
34.0
30.7
31.5
37.1
39.4
Construction
.1926=100-.
128.0
160.7
137.1
129.0
Electric power...
1926=100.
127.8
74.3
75.5
76.9
88. 2
70.6
Manufacturing
1926=10060.5
59.6
55.9
87.0
64.7
Forestry
..-.1926=100.
89.5
84.8
83.4
78.3
99.3
Mining..
1926=10091.3
89.6
90.4
88.8
88.4
Distribution...
1926=100.
68.1
64.3
60.5
59.8
62.6
Carloadings
1926=10064.6
62.9
63.0
66.4
71.5
Exports (volume)
1926=100.
64.7
63.8
63.2
67.5
59.7
Imports (volume)
1926=100.
114.3
115.9
115.3
113.7
Trade employment..
__ 1926=100— 111.9
189.0
196.6
135.9
136.3
83.8
Agricultural marketings
1926=100.
213.9
147.9
222.6
87.4
Grain marketings.
__ 1926=100.. 148. 5
77.1
79.9
82.1
81.2
67.4
Livestock marketings
1926=100.
Commodity prices:
80.4
81.4
81.1
80.8
Cost of living index
1926=100..
77.8
65.0
66.8
66.9
66.6
70.5
Wholesale price index
...1926=100..
86.7
86.3
86.0
88.7
Employment, total (first of month). 1926=100..
84.5
84.3
90.0
84.4
93.3
78.2
Construction and maintenance... 1926=100—
84.1
82.6
83.1
85.4
Manufacturing
_..1926=100.
83.0
98.2
94.8
96.5
95.0
93.1
Mining—
1926=100109.8
117.0
119.4
119.9
111.5
Service
_
1926=100.
114.5
113.8
113.1
115.4
111.8
Trade
.1926=100.
87.2
85.3
86.5
85.9
80.5
Transportation
1926=100Finance:
Banking:
2,116
2,176
Bank debits
mills, of dolls..
2,098
2,367
3,528
Exchange. (See Finance.)
103.3
98.1
101.9
110.6
Interest rates.
_
1926=100..
246
Commercial failures
number295
253
249
Life insurance, sales of ordinary life (15 cos.)
thous. of dolls. _ 30, 255 34,469 28,370 25,207 29,858
Security issues and prices:
New bond issues, total
thous. of dolls.. 74,958 27,972 59, 529 71,103 106,046
Corporation
thous. of dolls..
125
180
1,350
360
0
Dominion and provincial
thous. of dolls. . 68, 350 21,150 55,980 68,350 104,275
5,472
Municipal
thous. of dolls..
2,573
1,646
3,189
5,608
0
Railways
thous. of dolls..
1,000
0
0
0
Bond yields
.percent4.63
4.70
4.95
4.88
5.30
Common stock prices, total
1926=100—
83.3
54.8
59.0
63.0
49.6
79.6
74.4
73.9
76.1
67.1
Banks..
.1926=100..
118.3
63.1
69.9
73.8
56.6
Industrials
.1926=10058.5
49.1
51.9
56.9
41.8
Utilities
1926=100• Revised.
• New series. For earlier data see p. 18 of the February 1933 issue.
§ Data revised for 1932. For revision for full year 1932 see p. 55 of the June 1933 issue*




75.8
71.8
39.4
134.4
72.3
65.8
86.4
86.9
60.1
47.3
70.6
111.6
62.3
59.5
74.5

72.6
67.7
19.5
131.3
70.2
60.0
90.5
86.1
58.4
47.5
59.8
113.4
59.1
56.6
70.3

68.1
62.2
25.2
131.6
62.2
63.4
80.5
84.3
56.1
56.6
52.4
111.5
56.1
52.5
71.9

67.0
60.9
20.3
136.1
58.7
59.8
94.2
83.8
57.9
49.6
50.8
110.9
76.5
75.9
79.4

68.4
62.5
16.1
134.4
62.7
60.7
91.4
84.8
61.8
51.1
50.0
110.5
129.0
140.2
77.8

69.8
65.1
20.6
134.9
67.0
63.7
81.9
82.9
59.4
47.9
44.2
110.1
104.1
109.7
79.2

76.4
72.7
14.1
138.9
77.4
75.7
93.4
86.7
62.9
66.6
54.8
110.3
95.4
98.3
82.5

82.2
79.8
19.6
149.0
85.7
79.2
95.0
88.9
66.8
65. 3
56. 7
112.2
221.9
252. 5

80.4
64.8
84.7
77.9
81.7
101.2
106.5
115.4
84.5

80.0
64.0
83.2
67.6
80.3
99.9
103.7
117.8
83.9

79.7
63.9
78.5
58.5
74.4
96.9
102.2
119.6
78.3

79.0
63.6
77.0
56.2
75.0
94.0
104.2
109.4
75.0

78.4
64.4
76.9
56.5
75.8
94.6
102.9
107.3
74.1

78.6
65.4
76.0
54.7
76.0
91.4
102. 5
107.6
74.2

77.6
"6.9
77.6
60.8
76.8
89.9
99. 9
108.6
78.9

«77.6
67.6
SO. 7
67.8
80.0
91.4
106.2
109.1
79.0

2,466

2,085

1,887

1,877

2,650

2,982

102.3
301

102.7
273

99.2
279

98.7

100.0

101.3

98.1

97.1

34, 003

33,483

29,367

26,323

29,763

29, 770

30, 497

32,398

45,094
825

178
0

19,987
0

425
0

731
625

10, 707
0

11,173
485

122,892
1,110

35,000
9,269
0
4.90
53.4
69.6
62.5
46.6

0
178
0
4.92
61.3
67.5
58.4
45.1

19,000
987
0
4.75
51.6
67.5
59.6
44.6

0
425
0
4.73
47.6
65.5
56.3
38.6

0
106
0
4.79
47.3
62.3
57.3
38.2

0
L0, 707
0
4.85
51.9
59.8
67.5
38.5

7,815
2,873
0
4.70
63.7
64.6
85.8
47.2

117,744
4, 308
0
4.65
74.7
72.7
103. 6
53.8

56
Monthly statistics through December 1931,
together with explanatory footnotes and references to the sources of the data, may be found
in the 1932 Annual Supplement to the Survey

SURVEY OF CURRENT BUSINESS
1933

1933
July

July

1933

Decem- January FebruAugust SeptemOctober November
ber
ber
ary

CANADIAN
Foreign trade:
.
Exports-.
thous. of dolls..
Imports
—thous. of dolls..
Exports, volume:
Automobiles- (See Transportation Equip.)
Newsprint. (See Paper and Paper Products.)
Wheat
—thous. of bu._
Wheat
flour
.thous. of bbl._
Trade with U.S. (See Foreign Trade.)
Railway statistics:
Carloadings
thous. of cars..
Financial results:
Operating revenues.thous. of dolls..
Operating expenses
.—thous. of dolls..
Operating income
thous. of dolls..
Operating results:
Freight carried 1 mile
mills, of tons..
Passengers carried 1 mile
mills, of passengers
Commodity statistics:
Production:
Automobiles. (See Transportation Equip.)
Electrical energy, central stations
mills, of kw.-hr..
Pig iron
thous. of long tons..
Steel ingots and castings
thous. of long tons..
o
Livestock, inspected slaughter:
Cattle and calves
thous. of animals..
Swine
thous. of animals..
Sheep and lambs. _.—thous. of animals..
Newsprint. (See Paper and Paper Products.)
Silver. (See Finance.)
Wheat, visible supply. (See Foodstuffs.)
Wheat
flour
thous. of b b l . .

September 1933

March

April

May

June

STATISTICS—Continued

51,866
35, 738

43,032
35,711

41,855
36,527

42,665
34,504

57,160
37,095

46,621
37,769

43,109
28,961

32,000
24,441

26,814
23,514

37,161
32,851

20,312
20,457

46,109
32,927

46,472
33,619

16, 374
493

19, 620
446

18,290
330

26,874
385

40,192
529

27,302
577

27,736
492

14,707
397

10,922
333

14,816
490

4,460
234

21,465
565

16,999
545
176

157

176

216

212

193

153

134

133

157

138

161

22,970
21,053
1,027

28,988
22,254
5,949

24,276
19,308
4,057
2,181

21,902
19,434
1,904
1,740

20,612
19,161
520
1,712

21,447
19,298
1,136

1,388

16,788
17,881
<*2,073
1,302

19, 530
18,072
351

3,043

28,190
20,839
6,385
2,607

17,643
18,528
d
1,813

1,569

23,100
21,922
268
1,572

1,413

1,529

147

138

122

96

90

130

95

88

97

105

100

1,443
32

1,156
7

1,230'
6

1,279
6

1,390
7

1,448
14

1,433
27

1,397
29

1,300
6

1,371
0

1,295
0

1,349
0

1,371
1

49

28

27

23

17

37

31

41

12

11

°ii

23

32

88
191
72

73
192
64

79
189
86

82
166
101

78
189
148

80
250
119

60
268
49

71
247
49

65
220
36

89
250
42

97
232
30

116
279
30

91
235
56

1,202

1,272

1,385

1,722

1,943

1,010

859

845

1,005

1,013

1,334

1,186

163

Revised.

d

Deficit.

CHANGES IN STATISTICAL SERIES MADE SINCE PUBLICATION OF THE 1932 ANNUAL SUPPLEMENT
DATA ADDED IN DECEMBER 1932 ISSUE
Page
Fairchild retail price index
24
World prices, foodstuffs and raw materials.—
24
Chain-store sales index...
26
Department-store sales, Philadelphia
_
27
Factory employment, Baltimore, Milwaukee,
Maryland, and Massachusetts..
— 28
Miscellaneous employment:
Civil service, United States—
28
Trade union members employed, by groups
28
Factory pay rolls, Baltimore, Milwaukee, Philadelphia, Maryland, and Massachusetts._._
29
Hourly earnings, United States (National Industrial Conference Board)..-,.
29
Weekly earnings, factory, Massachusetts„ _ 30
Net gold imports, including gold released from
earmark
,.
32
Pyroxylin rods, sheets, and tubes, production,
shipments
—
38
Residual fuel oil, production and stocks
43
Gas oil and distillates, production and stocks
43
Convection type radiators, new orders.
46
Plumbing fixtures, wholesale price...
46
Plumbers' brass, shipments..
49
Tin and terne plate, production
47
Tin consumption in manufacture of tin and terneplate
,
48
Mechanical stokers, new orders
48
Rubber heels and soles, total shipments
51
Illuminating glassware, new orders, production,
shipments, and stocks
52
Gypsum, imports, production, and shipments
52
Auto accessories and parts, composite index of shipments
54
Canadian statistics, electric-power production
index
55

DATA ADDED IN THE JUNE 1933 ISSUE
Building costs, all types (American Appraisal Co.). 25
Factory employment, Chicago
28
Nonmanufacturing employment—banks, brokerage houses, etc.; dyeing and cleaning; and laundries.
28

DATA ADDED I N THE JUNE 1 9 3 3 I S S U E Continued
Page
Miscellaneous employment—Federal and State
highways, construction and maintenance.
28
Factory pay rolls, New York and Chicago
29
Nonmanufacturing pay rolls—banks, brokerage
houses, etc.; dyeing and cleaning; and laundries. 29
Bond prices, U.S. Government (Standard Statis~
tics)..
33
Airplane travel, passengers carried, passenger miles
flown
...
_
35
Lard compound, wholesale price, tierces, Chicago. 37
Lard, refined, wholesale price, tierces, Chicago
41
Leather production (Tanner's Council)
43
Household furniture, plant operations, all districts
—,-_^-_.?__
45
Rope paper sacks, shipments. *•_
50
Face brick, machine production
51

DATA DROPPED IN DECEMBER 1933 ISSUE f
Industrial production indexes: Copper (mined),
metals, nonferrous.
...
Stock indexes, world copper stocks
Construction volume (A.Q.C.)
_
Factory operations, proportion full time worked,
miscellaneous group
—
Applicants at employment agencies, Western
States
-•
Methanol, stocks:
At crude plants
At refineries and in transit
Pine-oil stocks
Paints, varnish, and lacquer products, unclassified
sales, 315 establishments
Milk, condensed and evaporated, total exports,
production, and stocks
Gas and fuel oil, production and stocks (combined
series)
Hides and skins, stocks, all series
Sole and belting leather, production, stocks, all
series
—
Upper leather, production, stocks, all series
Walnut lumber, orders, production, shipments,
and stocks
-

f Pages refer to those upon which series were last shown in the November 1932 and May 1933 issues.




22
23
25
28
28
36
36
36
38
39
42
43
43
43
44

DATA DROPPED IN DECEMBER 1933
ISSUE—Continued
North Carolina pine, production and shipments—
Iron and steel, boilers (round and square) and radiators, new orders
—
_.
Enameled sanitary ware, baths, lavatories, sinks,
miscellaneous, all series.
_
E nameled sheet-metal ware, shipments
Plumbing fixtures, wholesale price
Mechanical stokers, large (see new series) new
orders
Copper:
Production, all series
Shipments, domestic, refined
__
Stocks (North and South America), blister and
refined—
—
_
_
Porcelain, nail knobs, tubes, shipments
Galvanized sheet-metal ware, all series..
Newsprint, production, percent of capacity
Binders' board, production
Glass containers, unfilled orders
,
Illuminating glassware, orders, production, shipments, and stocks. (See new series)...

44
46
46
46
46
48
48
48
48
49
49
50
51
52
52

DATA DROPPED IN JUNE 1933 ISSUE t
Farm products—price index of dairy and poultry
products—
__
.-„.
Building costs, by types of construction (American
Appraisal Co.)....
__
_
McLellan 5- and 10-cent stores (sales and stores)—
Hours of work per week in factories, nominal or
full-time week (National Industrial Conference
Board)
Unemployment, applicants, at employment
agencies
_•—
_
Gold, held under earmark for foreign account
Bond prices, domestic, U.S. Liberty (N.Y. Trust
Co.)
,
_._..
Rope paper sacks, shipments
^
_
Scrap rubber, stocks at reclaimers
Face brick production (brick drawn from kilns)..
Glass containers, net new o r d e r s . - . - . .
„_„
Cotton textiles, production, shipments, stocks, etc.
Wool machinery activity, sets of cards

23
25
26
28
29
32
33
50
50
51
51
53
53

INDEX TO MONTHLY BUSINESS STATISTICS
Page
Abrasive paper and cloth .
50
Acceptances, bankers'
30
Accessories, automobile..
54
Advertising, magazine, newspaper, radio.
25,26
Africa, United States trade with
__
34
Agricultural wages, loans
_._
30
Air-conditioning equipment.__-_ _ _ _ _47
Air mail
-———I26
Airplanes.._______
.
35,54
Alcohol, denatured, ethyl. methanoL
•____
36
Aluminum.
. 48
Animal fats, glues, greases
36,37
Anthracite industry
22,29,42
Apparel, wearing
29,52
Argentina, United States trade with; exchange; flaxseed stocks
32,34,37
Asia, United States trade with
34
Asphalt
_
._._
43
Automobiles
_
__ 22,27,28,29,54
Babbitt metal
48
Bank suspensions
31
Barley
___._....
39
Bathroom
fixtures
46
Beef and veal
_
40
Bituminous coal
22,28,29,42
Boiler and boiler
fittings
46
Bonds, prices, sales, value, yields
.
33
Book publication
,
50
Boxes, paper, shipping...
50
Brass
49
Brazil, coffee; exchange; United States trade
with
32,34,41
Brick
51
Brokers' loans.
30
Bronze
49
Building contracts awarded-..----.-..:
- 24,25
Building costs_.
25
Building materials.——___._- 24,25,44,46,47,51
Business activity index (Annalist)
. .
22
Business failures
.
...
31
Butter
39
Canadian statistics
55,56
Candy
41

Canal traffic

35

Capital issues_
'.—.,
..-.
32
Carloadings___
22,34,35
Cattle and calves..
_..;
. _ _ 40,43
Cement
___
22,27,29,51
Chain-store sales
26,27
Cheese_ _ - . _ _ _ _ _ _ - .
39
Chile, exchange; United States trade with—. 32,34
Cigars and cigarettes.
42
Civil-service employees
28
Clay products
23,24,27,28,29,51
Clothing
_
24,25,27,28,29,52

Coal
Cocoa

.

_

22,28,29,42
41

Coffee
__
_ — _ . 23,41
Coke..
42
Collections, electrical trade
26
Commercial paper
_. .
..
30
Communications...
..
...
35
Construction:
Contracts awarded, indexes...
24
Costs
25
Highways
...
_.
.
25
Material costs
25
Copper
48
Copper wire cloth..
._.
.
.
49
Copra and coconut oil
37
Corn
39
Cost-of-living index
23
Cotton, raw and manufactures......
23,52
Cottonseed, cake and meal, oil
37
Crops
_
23,37,39,40,52
Dairy products
.
.
.,
23,39
Debits, bank
30
Debt, United States Government
32
Delaware, employment, payrolls
28,29
Department-store sales and stocks
27
Deposits, bank.
30
Disputes, labor
29
Dividend payments
.
33
Douglas
fir
44
Earnings, factory
29,30
Eggs
23,41
Electric power, production, sales, revenues
22,38
Electrical energy, consumption index . . .
22,23
Electrical equipment
48,49
Electric railways
34
EmploymentCities and States
__.
28
Factory, Federal Reserve Board indexes
27,28
Nonmanufacturmg
28
Miscellaneous data
28
Emigration
35
Enameled ware
.
46
Engineering construction
25
England, exchange; United States trade with. 32,34
Exchange rates, foreign
32
Expenditures-. United States Government
32
Explosives..36
Exports..
.
.
34
Factory employment, pay rolls, operations__
27,
28,29,30




Page
Factory operations, proportion of full time
worked..
.
28
Failures, bank; commercial
31
Fairchild retail price index
24
Fares, street railways
34
Farm employees
28
Farm prices, index
23
Federal Government,
finances.32
Federal-aid highways
.
25,28
Federal Reserve banks, condition of.—
30
Federal Reserve member bank statistics
30
Fertilizers
36
Fire-extinguishing equipment
54
Fire losses
__.
25
Fish and fish oils
37,41
Flaxseed
37
Flooring, oak, maple, beech, and birch
.
44
Flour, wheat
...
40
Food products—
22,23,27,28,29,39,40,41
Footwear
•
44,51
Foreign trade, indexes, values
34
Foundry equipment
47
France, exchange; United States trade with. 32,34
Freight cars (equipment)
27,54
Freight carloadings, cars, indexes
34,35
Freight-car surplus
35
Fruits
_
_
23,39
Fuel equipment
.
47,48
Fuels
_
_ . 42,43
Furniture
•
45,47
Gas, customers, sales, revenues
38
Gas and fuel oils
. . . 42,43
Gasoline
43
General Motors sales
54
Glass and glassware
22,27,28,29,52
Gloves and mittens
43
Gold."__
.
_
32
Goods in warehouses
26
Grains
23,24,39,40
Gypsum
52
Hardwoods
44
Heels, rubber
_.
51
Hides and skins
43
Hogs
40,41,43
Hosiery
...
_
52
Hotels
_
_ . . . . 28,29,35
Housing
23,25
Illinois, employees, factory earnings
28,29,30
Imports
;
34
Income-tax receipts
:
32
Incorporations, business
26
Industrial production, indexes
22
Installment sales, New England
27
Insurance, life
.
31
Interest payments
33
Interest rates
30
Investments, Federal Reserve member banks 30
Iron, ore; crude; manufactures
22,45,46
Italy, exchange; United States trade with-. 32,34
Japan, exchange; United States trade with.. 32,34
Kerosene
43
Labor turnover, disputes
29
Lamb and mutton
'.
41,43
Lard
_
41
Lead
48
Leather........
22, 23, 24,25,26, 27,28,29,43
Leather, artificial
54
Liberty bonds..
33
Linseed oil, cake, and meal
37
Livestock
_____ 23,40,41,43
Loans, agricultural, brokers', time;
30
Locomotives
54,55
Looms, woolen, activity
53
Lubricating oil__
43
Lumber
22,23,24,27,28,29,44,45
Lumber yards, sales, stocks
44
M achine activity, cotton, silk, wool
53
Machinery
25,26,27, 28,29,34,47,48,49
Machine tools, orders, shipments
48
Magazine advertising
25,26
Manufacturing
22
Marketing, agricultural, forest products
23
Maryland, employment, pay rolls.
28,29
Massachusetts, employment, pay rolls
28,29
Meats...
__
40,41
Metals
22,23,27,28,29,45,46,47
Methanol
_ —
._
36
Mexico:
Petroleum production and exports
42
Silver production
•___.
32
United States trade with
34
Milk
_.
.39
Minerals
22,42,45,48
Money in circulation
32
Naval stores
23,36
Netherlands, exchange
32
New Jersey, employment, pay rolls
28,29
Newsprint
50
New York, employment, pay rolls, canal
traffic
28,29,35
New York Stock Exchange
30,33
Notes in circulation.__
30
Oats
39
Oceania; United States trade with
34
Ohio employment
28

Page
Ohio River traffic
35
Oils and f a t s . . .
:
36,37
Oleomargarine
33
Orders, indexes, new and unfilled
;
23
Paints
38
Passengers, street railways; Pullman
34,35
Passports issued
_
35
Paper and pulp
. . . . 22,23,24,27,28,29,49,50
Pay rolls:
Factory, Federal Reserve Board
29
Factory, by cities and States
29
Nonmanufacturing industries
.
29
Pennsylvania, employment, pay rolls..
28,29
Petroleum and products....__ 22,27,28,29,42,43
Pig iron
22,45
Pork
__
40,41
Postal business
:
26
;
Postal savings
31
Poultry
;
23,41
Prices:
Cost of living, indexes
23
Farm/indexes
___•
23
Retail, indexes..
24
:
Wholesale, indexes.-.
24
World, foodstuffs and raw material
24
Printing
j
50
Production, industrial..
':
22
Profits, corporation
35
Pyroxylin products
_38
Public
finance
_;
„
32
Public utilities
_ . _ _ 28,29,34,35,38
Pullman C o . . .
_-__
,_-.:
38
:
Pumps
42
Radiators
_______
46
Radio, advertising
25
Railroads; operations; equipment; financial
statistics
34,35,54,55
:
Railways, street
34
Rayon
53
Real-estate market activity
25
Registrations, automobiles
54
Rents, index
23
Retail trade:
Chain stores:
5 and 10
26,27
Grocery
27
Restaurant
_
27
Department stores—
27
Mail order
;
27
Roofing
38
Rice
.
— 39,40
Rubber, crude; scrap; clothing; footwear;
tires
__
22,23, 24, 27,28, 29,50,51
Rye
—
40
Sanitary ware
.
46
Savings deposits
:
30
Sheep and lambs
41
Shoes_._
_
22, 24,25,26,27, 28,29,44
Shipbuilding
22,27,28,29,55
Silk
_
23,53
Silver
_
22,32
Skins—
_
—
43
Softwoods
_._
44,45
Spain, exchange.
.
32
Spindle activity, cotton
53
Steel, crude; manufactures
22,46,47
Stockholders33
Stock indexes, domestic and world
23
Stocks, department s t o r e s . —
27
Stocks, issues, prices, sales, yields
33
Stone, clay, and glass products— _ 22,23,28,51,52
Sugar
_
23,41
Sulphur.....
.
36
Sulphuric acid
.
36
Superphosphate
36
Tea____
_,
23,41
Telephones and telegraphs
35
Terneplate
. —
47
Terra cotta
52
Textiles, miscellaneous products
53,54
Tile
:.—
52
Timber
44,45
Tin and tin plate
_
___
- 23,48
Tires
22, 24, 27, 28, 29,51
Tobacco
22, 25,26, 27, 28, 29, 42
Tools, machine
48
Trade-unions, employment
28
Travel
35
Trucks and tractors, industrial electric
55
United Kingdom, exchange; United States
trade with
_ . 31,34
Uruguay, exchange
32
United States Steel Corporation
30,33,47
Utilities
28,29,32,34,35,38,55
Vegetable o i l s . . .
37
Vegetables
23,39
Wages
29,30
Warehouses, space occupied
26
Waterway traffic
35
Wheat and
flour
23,40
Wholesale prices
24
Wisconsin, employment; pay rolls
28, 29
Wood pulp
49
Wool
_
_
_ - . _ 22,23,53
Zinc
_
22,48