Full text of Survey of Current Business : September 1933
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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